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FEBRUARY 1998 <*** VOLUMi 78 NUMBER
2
SURVEY of CURRENT BUSINESS
IN THIS ISSUE ...
Price Indexes for Selected Semiconductors, 1974-96
U,S, DEPARTMENT OF COMMERCE <^ ECONOMICS AND STATISTICS ADMINISTRATION
BUREAU OF ECONOMIC ANALYSIS
FEBRUARY 1998
<<*>>
VOLUME 78
NUMBER\/^
SURVEY of
CURRENT BUSINESS
SURVEY OF CURRENT BUSINESS (ISSN
0039-6222). Published monthly by the
Bureau of Economic Analysis of the U.S.
Department of Commerce. Editorial
correspondence should be addressed to
the Editor-in-Chief, SURVEY OF CURRENT
BUSINESS, Bureau of Economic Analysis,
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of
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.. ..^
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THIS ISSUB of the SOTVEY went to the printer on February 10,199*1
It incorporates data from the following monthly BBA news releases:
U,S» International Trade in Goods and Services (January 21),
Gross Domestic Product (January 30), and
Personal Income and Outlays (February 2).
February 1998
SURVEY OF CURRENT BUSINESS
TABLE
OF
CONTENTS
Special in this issue
8
Price Indexes for Selected Semiconductors, 1974-96
In the most recent comprehensive revision of the NIPA'S, BEA introduced new
quality-adjusted price indexes for semiconductors. This article discusses these
indexes, which incorporated the results from hedonic regressions based on
performance characteristics of seven types of memory chips and two lines of
microprocessors and which are designed to address the biases that are associated with conventional measures of real output for high-tech goods. As was
noted when they were first introduced, the effect of incorporating the new price
indexes into the NIPA'S was to steepen the rate of decline in the prices of exports
and imports of semiconductors and to raise the rates of real growth.
l\egular features
1
Business Situation
Real GDP increased 4.3 percent in the fourth quarter of 1997, up from a
3.1-percent increase in the third quarter. The price index for gross domestic
purchases increased 1.5 percent after increasing 1.3 percent. For the year 1997,
real GDP grew 3.8 percent, the highest growth rate since 1988. The price index
for gross domestic purchases increased 1.7 percent, the slowest increase since
1964. The personal saving rate declined to 3.8 percent, the lowest rate since
1939.
25
Personal Income by State and Region, Third Quarter 1997
Personal income in the Nation increased $77.8 billion, or 1.1 percent, in the
third quarter of 1997. Most of the increase was accounted for by the Southeast,
Far West, and Mideast regions. Utah, Washington, and Idaho had the fastest
growth in personal income in the third quarter.
l\eports and statistical presentations
D-l BEA Current and Historical Data
National Data:
D-2
D-27
D-36
D-41
D-43
Selected NIPA Tables
Other NIPA and NiPA-Related Tables
Historical Tables
Domestic Perspectives
Charts
— Continued on next page —
II
SURVEY OF CURRENT BUSINESS
International Data:
D-51 Transactions Tables
D-57 Investment Tables
D-62 International Perspectives
D-64 Charts
Regional Data:
D-65 State and Regional Tables
D-69 Local Area Table
D-71 Charts
Appendixes:
D-73 Appendix A: Additional Information About BEA'S NIPA Estimates
D-75 Appendix B: Suggested Reading
Inside back cover: BEA Information
(A listing of recent BEA publications available from GPO)
Back cover: Schedule of Upcoming BEA News Releases
LOOKING AHEAD
Manufacturing Earnings in BEA Component Economic Areas. An article that analyzes
the differences in manufacturing earnings per job among components of the BEA
Economic Areas will appear in a forthcoming issue of the SURVEY. The article analyzes
the differences on the basis of such characteristics as industry mix, extent of industry
clustering, education levels of the labor force, and population levels.
February 1998
SURVEY OF CURRENT BUSINESS
February 1998
BUSINESS
This article was
prepared by Daniel
Larkins, Larry R.
Moran, Ralph W.
Morris, and
Deborah Y. Sieff.
SITUATION
GROWTH accelerated
the fourth
quarter of
the "advance"
£ CONOMICthe1997, according toandinproduct acestimates of
national income
final sales of domestic product. The price index
for gross domestic purchases increased 1.5 percent
after increasing 1.3 percent.
The upturn in inventory investment reflected
a step-up in accumulation of inventories after a
slowdown in the third quarter; the upturn was
most pronounced in manufacturing. The deceleration in final sales was more than accounted
for by a downturn in nonresidential fixed investment, mainly in producers' durable equipment
and by a slowdown in personal consumption expenditures (PCE) for goods. In contrast, exports
counts (NIPA'S), as real gross domestic product
(GDP) increased 4.3 percent after increasing 3.1
percent in the third quarter (chart i and table i).1
The step-up reflected an upturn in inventory investment that more than offset a slowdown in
i. Quarterly estimates in the NIPA'S are expressed at seasonally adjusted
annual rates unless otherwise specified. Quarter-to-quarter dollar changes
are differences between the published estimates. Quarter-to-quarter percent
changes are annualized and are calculated from unrounded data. Real estimates are expressed in chained (1992) dollars, and price indexes are chain-type
indexes.
Table 1.—Real Gross Domestic Product, Real Gross Domestic Purchases, and Real
Final Sales to Domestic Purchasers
[Quarterly estimates seasonally adjusted at annual rates]
Percent change from preceding quarter
Billions of chained (1992) dollars
Change from preceding quarter
Percent
1997
,10
1996 1997
1997
I
II
III
4.9
3.3
3.1
9.9
18.4
4.4
20.5
14.6
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases
Less: Change in business
inventories
3.7
4.3
3.1
1997
I
II
III
IV
186.3
263.0
84.2
58.0
54.4
76.3
2.8
65.8
107.4
21.6
39.8
10.5
26.3
8.3
12.5
81.4
135.0
42.3
50.2
38.0
9.1
13.9
200.2 285.7 102.5
66.0
77.7
56.6
30.8
13.9
-50.1
12.4
70.4
51.6
106.2
44.5
3.0
3.5
61.7
20.7
16.6
25.7
11.3
-8.8
-7.8
25.9
66.8
27.1
15.5
26.3
38.8
-1.4
34.9
2.6
4.7
1.4
2.7
3.3
5.7
1.9
3.5
28.1
-2.4
37.5
-8.0
-1.4
9.2
4.8
9.7
4.1 14.6
3.6 -2.1 -4.8
19.2
32.7
36.0
12.2
6.7
23.0
24.1
-3.9
2.8
3.3
7.4
2.7
10.4
-.4
3.1
1.1
6.6 -1.1
1.2 2.3
1.6
.7
2.1
Addendum: Final sales of
domestic product
3.7
2.9
3.8
4.1
17.9
5.9
4.3
11.3
37.2
118.8 155.6
27.5
19.7
71.4
34.7
27.0
94.2
65.2
75.0
8.8
57.7
15.1
6.0
-6.1
12.1
188.3
6.7
71.4
7.6
12.7
-6.4
19.2
223.2
8.1
-1.0
9.9
2.2
-1.3
-6.8
5.4
52.4
4.9
9.6
7.3
2.4
43.6
3.2
4.2
-6.8
1.9
7.0
3.3
5.1
.7
4.3
-1.3
4.6
82.6
64.3
6
10.9
5.9
.5
-1.3
1.0
-1.4
1.6
2.4
2.8
3.2
4.0
2.9
6.0
3.2
2.6
-.4
5.1
5.3
.9
5.6
14.1
-5.4
18.4
4.7 -2.1
3.9
3.9
4.3
3.9
-5.8
2.7
3.0
2.5
llii. i.ilullh
2.5
-0.6
6.7 -2.7
4.7
3.6
NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar
value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more
than one period, the corresponding chained-dollar estimates usually are not additive. Chained (1992) dollar levels and residuals,
which measure the extent of nonadditivity in each table, are found in Ml PA tables 1.2, 1.4, and 1.6. Percent changes are found
in table 8.1. Contributions of the major components to the quarter-to-quarter percent change in real GDP are found in table 8.2.
10
REAL GROSS DOMESTIC PURCHASES
-2.3
Equals: Final sales to
domestic purchasers .... 202.1 245.8
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Private nonresidential
fixed investment
Structures
Producers' durable
equipment
Private residential
investment
Government consumption
expenditures and
gross investment
Federal
State and local
REAL GROSS DOMESTIC PRODUCT
1.3
IV
1996
Gross domestic product
Selected Measures;
Change From Preceding Quarter
"tt>
GROSS DOMESTIC PURCHASES PRICE INDEX
i
1004,
• ihlli.i
1990
1996
atawual m^ ta pf$c^te0 quarter;
U& 0$partffli$ of Commerce,Bymau of Economic Aftstysis
109?
SURVEY OF CURRENT BUSINESS
2 • February 1998
stepped up, and imports (which are subtracted
in deriving final sales) slowed.
The largest contribution to the fourth-quarter
increase in real GDP was made by PCE, which increased 3.2 percent; most of the increase in PCE
was in services.2 Exports of goods and services,
which increased 11.3 percent, also contributed
2. NIPA table 8.2 shows the contributions of the major components of
GDP to the quarter-to-quarter percent change in real GDP.
substantially to the increase in GDP; exports of
nonautomotive capital goods, of autos, and of
agricultural products all rose markedly.3 Inventory investment also contributed to the increase
3. Exports (and imports) of nonautomotive capital goods include both
parts and equipment. In contrast, parts are not included in producers'
durable equipment in business fixed investment or in the equipment component of government investment. The difference arises because the end-use
classification system used for exports and imports does not distinguish between equipment and machinery, which are treated as investment in the
NIPA'S, and parts, which are treated as intermediate purchases in the NIPA'S.
Fourth-Quarter 1997 Advance GDP Estimate: Source Data and Assumptions
The "advance" GDP estimate for the fourth quarter is
based on preliminary and incomplete source data; as
more and better data become available, the estimate will
be revised. The advance estimate is based on the following major source data. (The number of months
for which data were available is shown in parentheses.)
Personal consumption expenditures: Sales of retail stores
(3) and unit auto and truck sales (3);
Nonresidential fixed investment: Unit auto and truck
sales (3), construction put in place (2), manufacturers'
shipments of machinery and equipment other than aircraft (3), aircraft shipments (2), and exports and imports
of machinery and equipment (2);
Residential investment: Construction put in place (2)
and single-family housing starts (3);
Change in business inventories: Manufacturing and
trade inventories (2) and unit auto and truck inventories
(3);
Net exports of goods and services: Exports and imports
of goods and services (2);
Government consumption expenditures and gross investment: Department of Defense outlays (3), other Federal
outlays (3), State and local construction put in place (2),
and State and local employment (3);
GDP prices: Consumer Price Index (3), Producer Price
Index (3), U.S. Import and Export Price Indexes (3), and
values and quantities of petroleum imports (2).
BEA made assumptions for source data that were not
available. Table A shows the assumptions for key series;
a more comprehensive listing of assumptions is available
on the Department of Commerce's Economic Bulletin
Board or from BEA.
Table A—Summary of Major Data Assumptions for Advance Estimates, 1997:1 V
[Billions of dollars, seasonally adjusted at annual rates]
19 97
July
Fixed investment:
Nonresidential structures:
Buildings, utilities, and farm:
Value of new nonresidential construction put in place
Producers' durable equipment:
Manufacturers' shipments of complete civilian aircraft
Residential structures:
Value of new residential construction put in place:
1-unit structures
2-or-more-unit structures
.
Change in business inventories nonfarm:
Change in inventories for manufacturing and trade (except nonmerchant
wholesalers) for industries other than motor vehicles and equipment in trade
1645
August
1634
September
1633
October
1650
November
December 1
1587
1634
426
312
300
283
293
393
161.5
161.7
163.7
165.7
167.7
170.8
21.4
22.1
22.9
24.7
231
239
17.6
21.1
71.4
37.7
51.4
23.0
6809
6776
6879
6846
6764
672.8
701 4
6980
6934
6905
7082
7026
883.1
880.1
-2022
-2025
886.6
884.0
-1987
-1994
898.9
895.6
-2225
-2228
899.1
896.5
-1977
-1985
8746
871 2
-1807
8820
8765
-1738
-1739
123.8
123.9
121.4
125.4
124.4
124.4
2
Net exports:
Exports of goods:
U S exports of goods balance-of-payments basis
Excluding nonmonetary gold
Imports of goods:
U S imports of goods, balance-of-payments basis
Excluding nonmonetary gold
Net exports of goods (exports less imports)
Excluding nonmonetary gold
Government consumption expenditures and gross investment:
State and local:
Structures:
Value of new construction out in place
1. Assumed.
2. Nonmonetary gold is included in balance-of-payments-basis exports and imports but is
not used directly in the estimation of NIPA exports and imports.
-181 2
SURVEY OF CURRENT BUSINESS
February
4.7 percent from 4.9 percent. The Index of Consumer Sentiment (prepared by the University of
Michigan's Survey Research Center) slipped only
slightly from its highest level in 45 years. Factors specific to motor vehicle purchases were also
favorable in the fourth quarter. Interest rates
on new-car loans made by commercial banks
were unchanged at 9.0 percent, and manufacturers continued to offer sales-incentive programs
that included rebates and below-market interest
rates for new-vehicle loans.
Business purchases increased much less than
in the third quarter. Government purchases
turned down. Imports decreased after increasing. Exports increased sharply after decreasing;
the increase reflected substantially higher truck
exports to Canada and Mexico.
Motor vehicle inventory investment increased
after decreasing. The inventory-sales ratio for
new domestic autos, which is calculated from
units data, edged up from 2.3 at the end of
the third quarter to 2.4 (the traditional industry
target) at the end of the fourth.
in GDP, mainly reflecting higher rates of accumulation in manufacturing and in retail trade.
These positive contributions to GDP growth were
partly offset by a negative contribution from
nonresidential fixed investment; structures and
producers' durable equipment both decreased.
Motor vehicles.—Real motor vehicle output increased 21.7 percent in the fourth quarter after
increasing 24.1 percent in the third, as a downturn
in auto output more than offset a step-up in truck
output (table 2). Gross domestic purchases of
motor vehicles slowed sharply—to a i.i-percent
increase after a 26.9-percent increase—as exports
turned up and imports turned down. The small
fourth-quarter increase in purchases reflected almost offsetting changes in final sales to domestic
purchasers and in inventory investment. A decrease in sales was more than accounted for by
autos, and an increase in inventory investment
was more than accounted for by trucks.
Much of the downturn in final sales was
accounted for by consumer purchases. The
weakness in consumer purchases occurred despite favorable developments in several factors
frequently considered in analyses of consumer
spending. Growth of real disposable personal
income picked up, to 4.7 percent from 2.6 percent, and the unemployment rate decreased, to
Prices
The price index for gross domestic purchases,
which measures the prices paid for goods and
services purchased by U.S. residents, increased
Table 2.—Motor Vehicle Output, Sales, and Inventories
[Seasonally adjusted at annual rates]
Percent change from preceding
quarter
Billions of chained (1992) dollars
Level
Change from preceding quarter
1997
1997
1997
I
IV
I
II
III
IV
266.8
120.4
146.0
11.0
6.0
5.0
-€.9
-2.9
-4.0
13.4
5.3
8.0
12.8
-1.7
14.4
19.9
22.5
17.6
Less: Exports
Autos
Trucks
30.2
17.0
13.2
-.3
-.2
0
1.1
1.4
-.4
-1.5
-1.9
.4
5.3
1.9
3.4
-4.5
-5.0
-3.6
Plus' Imports
Autos
Trucks
76.0
62.4
13.6
10.4
8.4
2.1
-2.2
-1.9
-.3
3.3
1.7
1.6
-6.9
-5.0
-1.9
Equate. Gross domestic purchases
Autos
Trucks
312.7
165.7
146.8
21.4
14.3
7.1
-10.0
-6.1
-3.9
18.0
8.8
9.1
.8
-8.5
9.4
Loss' Change in business inventories
Autos
Trucks
4.8
-.7
5.7
12.5
6.1
6.5
.9
2.7
-1.9
-2.4
-1.5
-.8
307.6
166.2
141.1
9.4
8.4
1.0
-10.9
-8.7
-2.2
20.2
10.2
10.0
Addenda:
Personal consumption expenditures
Producers' durable equipment
Gross government investment
179.8
120.7
8.5
4.8
3.9
.7
-9.0
-2.1
.4
13.7
5.4
1.1
III
IV
4.6
-.1
4.8
Equals: Final sales to domestic purchasers
Autos
Trucks
II
Output
Autos
Trucks
.
. .
NOTE.—See note to table 1 for an explanation of chained (1992) dollars. Truck output includes
new trucks only; auto output includes new cars and used cars. Chained (1992) dollar levels for
motor vehicle output, auto and truck output, and residuals, which measure the extent of
nonadditivity in each table, are found in NIPA tables 1.4,8.5, and 8.7.
-10.7
-12.0
24.1
19.6
28.4
-9.3
21.7
-5.6
51.5
17.8
39.8
-20.8
-36.9
116.3
-12.3
16.1
232.6
72.6
69.9
86.5
-10.5
-11.2
-7.0
17.8
11.2
53.9
^0.3
34.1
41.8
24.8
-12.6
-13.5
-11.5
26.9
23.1
31.8
^3.8
-8.4
4.5
13.4
21.8
-13.7
-18.6
3.2
-6.7
30.9
27.4
35.6
-3.0
.7
-1.5
11.5
14.5
43.3
-18.8
-7.0
18.5
36.4
20.5
60.0
59.5
-29.4
-26.8
1.1
-18.3
30.0
-4.9
-18.0
13.9
-8.2
2.1
-47.6
SURVEY OF CURRENT BUSINESS
February 1998
1.5 percent in the fourth quarter after increasing
1.3 percent in the third (chart 2 and table 3).
Prices of PCE increased 1.3 percent after increasing 1.5 percent. A slowdown in food prices was
largely offset by a step-up in energy prices. Food
prices increased 1.4 percent after increasing 3.4
percent; the slowdown was more than accounted
for by downturns in the prices of beef and nonalcoholic beverages and by a slowdown in the
price of fresh vegetables. Energy prices increased
Gross Domestic Purchases Prices:
Change From Preceding Quarter
Percent
8
• Total
S Less Food and Energy
1994
1995
1996
Note-Percent change at annual rate from preceding Quarter;
based on seasonally adjusted index numberj (»992-lOO).
1997
U.S. Department of Commerce, Bureau of Economic Analysis
Table 3.—Price Indexes
[Percent change at annual rates; quarterly estimates based on seasonally adjusted
index numbers (1992=100)]
193 7
1QQfi 1007
I
Gross domestic product
Less: Exports of goods and services
Plus: Imports of goods and services
Equate Gross domestic purchases
2.3
-1.8
-2.2
2.2
?f>
-2.2
-3.9
1.7
II
III
IV
74
1.8
14
1.5
-1.8
-5.3
-.7 -2.0 -2.0
-7.6 -3.0 -2.1
1.9
.8
1.3
1.5
Less' Change in business inventories . ..
Equals: Final sales to domestic
purchasers
Personal consumption expenditures ....
Food
Enerov
Other
Private nonresidential fixed investment
Structures
Producers' durable equipment
??
18
?n
.9
13
1S
2.4
3.0
4fi
??
2.0
2.2
1.0
14
1.6
77 -15.7
?n 2.0
1.5
14
?4
1.3
14
10
1?
-1.0
23
-2.3
'> 1
11
?n
-1.4
-2.0
-1.5
-.8
4'
-.8
44
-3.8
-3.5 -2.6
-2.7
11 ?fl
-3.1
11
3.0 percent after increasing 2.4 percent; the price
of natural gas increased more than in the third
quarter, the price of electricity decreased less, and
prices of fuel oil and coal turned up. "Other"
PCE prices increased 1.2 percent, about the same
as in the third quarter.
Prices of nonresidential fixed investment
decreased 0.8 percent, the same as in the third
quarter. Prices of structures increased 4.4 percent
after increasing 4.2 percent. Prices of producers' durable equipment decreased 2.7 percent
after decreasing 2.6 percent; prices of transportation equipment turned down, but prices of
information processing equipment (particularly
computers and peripheral equipment) decreased
less than in the third quarter, and prices of
"other" equipment increased after decreasing.
Prices of government consumption expenditures and gross investment increased 3.3 percent
after increasing 1.4 percent. Prices for all levels of government contributed to the step-up.
Prices paid by the Federal Government increased
3.5 percent after increasing 0.9 percent; both
nondefense and national defense prices accelerated. Prices paid by State and local governments
increased 3.1 percent after increasing 1.7 percent, partly reflecting a step-up in the price of
structures.
The price index for GDP increased 1.5 percent
after increasing 1.4 percent; the fourth-quarter increase was the same as that in the price index
for gross domestic purchases, reflecting virtually
identical changes in the prices of exports and of
imports. Export prices, which are included in the
GDP price index but not in the price index for
gross domestic purchases, decreased 2.0 percent,
the same as in the third quarter; most major categories of goods posted changes similar to those
in the third quarter, except that prices of industrial supplies and materials turned down, and
prices of "other" goods turned up. Import prices,
which are included in the price index for gross
domestic purchases but not in the price index
for GDP, decreased 2.1 percent after decreasing 3.0
percent; an upturn in services prices constrained
the fourth-quarter decrease.
39
Private residential investment
?4
in ?n
3.4
1?
11
Personal income
Government consumption expenditures
and gross investment
Federal
National defense
Nondefense
State and local
33
14
19
23
3.2
?4
?4
?4
?S
?1
1S
49
41
fit
?7
14
13
14
1.1
9
6
15
15
15
17
11
?1
?R
51
11
20
17
18
16
11
1 "i
Real disposable personal income (DPI) increased
4.7 percent in the fourth quarter after increasing
2.0
2.6 percent in tne tmra (.cnart 3,). currentthe third (chart 3). Currentdollar DPI increased 6.1 percent after increasing
4.1 percent. The personal saving rate (saving as
percentage of current-dollar DPI) increased to
Addendum: Gross domestic purchases
less food and energy
NOTE.—Percent changes in major aggregates are found in NIPA table 8.1. Most index number
levels are found in tables 7.1 and 12.
SURVEY OF CURRENT BUSINESS
3.9 percent from 3.5 percent, reflecting a larger
increase in DPI than in outlays.
Personal income increased $108.5 billion in the
fourth quarter after increasing $77.8 billion in
the third (table 4). The acceleration was almost
entirely accounted for by wage and salary disbursements. Proprietors' income increased more
than in third quarter, and all the other components changed about as much as in the third
quarter.
Wage and salary disbursements increased
$83.6 billion after increasing $54.5 billion. Almost
all of the acceleration was in the private sector, particularly goods-producing industries and
service industries. The step-up in private industry wages and salaries reflected step-ups in
employment and in average hourly earnings and
an upturn in average weekly hours.
Proprietors' income increased $6.1 billion after
increasing $3.6 billion. Nonfarm proprietors'
February 1998
income increased more than in the third quarter,
and farm proprietors' income decreased less.
Transfer payments increased $9.1 billion after
increasing $8.7 billion. The fourth-quarter increase included $1.1 billion in retroactive social
security payments; these payments result when
the Social Security Administration recalculates
benefits on the basis of updated information on
the earnings base of recent retirees.
The Year 1997
The rate of growth of output and income stepped
up in 1997, and inflation slowed. Real GDP
increased 3.8 percent, up from a 2.8-percent increase in 1996 and the highest growth rate since
1988. Real DPI increased 2.9 percent, up from a
2.3-percent increase. The price index for gross
Table 4.—Personal Income and Its Disposition
[Billions of dollars; quarterly estimates seasonally adjusted at annual rates]
Level
Change from preceding quarter
1997
Selected Personal Income and
Saving Measures
150.3
CHANGE IN PERSONAL INCOME
120
100
3,877.2
3,211.8
960.1
705.9
876.0
1,375.6
665.4
3,979.7 203.0 244.7
3,305.5 183.4 221.9
983.5 44.7 51.0
723.1 26.3 31.2
899.6 40.2 52.7
1,422.4 98.5 118.1
674.2 19.6 22.8
1997
I
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government
Proprietors' income with IVA and CCAdj
Farm
Nonfarm
20
0
544.7 553.3
40.9 39.0
503.8 514.4
31.3
13.8
17.6
Rental income of persons with CCAdj
Personal dividend income
Personal interest income
60
40
416.6
148.1 146.6
321.5 330.7
768.8 779.1
13.5
39.3
16.8
30.3
33.1
17.3
1,121.1 1,134.8
53.0
53.1
25.7
323.6 330.2
13.2
17.3
Transfer payments to persons
-20
-40
Percent
10
42.8
Less: Personal contributions for social insurance
Personal income
CHANGE IN REAL DPI
5
lilln 1.1. hil
0
I
Less' Personal tax and nontax payments
421.4
.8
9.0
24.4
3.7
20.7
1.8
6,874.4 7,015.4 344.4 379.2
987.9 1,018.5
III
II
74.6 50.1
65.8 45.9
15.1
9.9
8.5 6.2
16.2 10.2
34.6 25.7
8.9 4.2
Other labor income
80
-5
1996
IV
Billions $
140
1997
1997
3.2
2.8
6.3
9.0
3.4
5.6
/
—.£.
6.5
—,t
7.4
6.7
i;
st
8.9
IV
54.5
48.8
13.8
26.5
83.6
77.1
22.1
17.1
18.8
36.1
5.7
6.5
2.6
3.7
8.6
5.7
3.6
-2.7
6.3
6.1
-1.9
8.1
—.7 -1.4
6.2 6.2
6.5
6.5
9.8
8.7
9.1
3.1
3.5
5.4
127.8 82.9
77.8 108.5
101.0
33.1
23.5
18.8
20.5
Equals: Disposable personal income
5,886.6 5,996.9 252.6 278.3
94.7
59.4
59.0
88.0
Less' Personal outlays
5,661.0 5,765.8 267.7 292.2
99.2
28.2
98.0
65.0
-4.5
31.1 -38.8
Equals: Personal saving
225.6
91.8
231.1 -15.0 -14.0
22.9
Addendum: Special factors in personal income:
-10
Percent
10
In wages and salaries:
Federal Government and Postal Service pay
adjustments including "buyouts"
1994
1995
1996
Note—Changes are from preceding quarter, based on seasonally
adjusted annual rates.
U.S. Department of Commerce, Bureau of Economic Analysis
1997
0
In transfer payments to persons:
Social security retroactive payments
Cost-of-lnring adjustments in Federal transfer
programs
Earned Income Tax Credit payments
1.1
-1.1
0
0
13.5
In personal contributions for social insurance:
Social security base changes and increase in
premium for supplementary medical insurance
PERSONAL SAVING RATE
0
In personal tax and nontax payments:
Recent tax law changes
0
NOTE-Most dollar levels are found in NIPA table 2.1.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
— 1
0
0
0
1.1
4.3
0
0
0
0
0
0
2.1
0
0
0
0
0
0
4.4
-4.1
-.2
February 1998
SURVEY OF CURRENT BUSINESS
domestic purchases increased 1.7 percent—its
lowest rate since 1964.
The biggest contributions to the growth in
real GDP were made by PCE, by exports, and
by nonresidential fixed investment. In PCE, almost two-thirds of the increase was in services,
mainly in medical care, housing, recreation, and
brokerage fees. In exports, most categories contributed to the rise; nonautomotive capital goods
(the largest category) contributed the most. In
nonresidential fixed investment, the increase was
mostly accounted for by information processing
and related equipment, especially computers and
peripheral equipment. Inventory investment also
contributed to the increase in GDP, as the pace of
inventory accumulation in wholesale trade and
in manufacturing increased. In contrast to these
positive contributions, a sizable increase in imports (which are subtracted in deriving GDP)
made a large negative contribution.
The step-up in real DPI reflected both a stepup in cur rent-dollar DPI and a slowdown in the
rate of increase of consumer prices. The step-up
in cur rent-dollar DPI was more than accounted
for by wage and salary disbursements, which
increased $244.7 billion in 1997 after increasing
$203.0 billion in 1996, and by personal interest income, which increased $33.1 billion after
increasing $16.8 billion.
The personal saving rate declined to 3.8 percent,
the lowest rate since 1939. This low rate of saving
out of current income may partly reflect the large
capital gains that households accumulated as a
result of increases in stock prices. Such capital
gains, which are not included in the NIPA measure of personal saving, may reduce the need to
save out of current incomes.
The price index for gross domestic purchases increased 1.7 percent after increasing 2.2
percent in 1996.
The slowdown was evident in all major components except residential investment and nonresidential structures.
PCE prices increased 2.0 percent after increasing 2.4 percent; prices of food, energy, and
"other" PCE all contributed to the slowdown.
Prices of producers' durable equipment decreased 3.1 percent after decreasing 2.3 percent.
Prices paid by the Federal Government increased 2.4 percent after increasing 3.4 percent,
and prices paid by State and local governments increased 2.3 percent after increasing 3.2
percent.
The price index for GDP increased 2.0 percent
after increasing 2.3 percent. Export prices, which
are included in the GDP price index but not in
the price index for gross domestic purchases, decreased 2.2 percent after decreasing 1.8 percent.
Import prices, which are included in the price
index for gross domestic purchases but not in
the GDP price index, decreased 3.9 percent after
decreasing 2.2 percent, as the price of imported
petroleum turned down. H
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contact the Public Information Office of the Bureau of Economic Analysis at (202) 606-9900.
8
SURVEY OF CURRENT BUSINESS
February 1998
Price Indexes for Selected Semiconductors,
1974-96
By Bruce T. Grimm
NTHE comprehensive revision of the national
income and product accounts (NIPA'S) that
was released in January 1996, BEA introduced
the use of quality-adjusted price indexes for the
calculation of real exports and imports of semiconductors. The improved measurement of real
output and prices of high-tech goods through expanded use of quality-adjusted price indexes is
part of BEA'S strategic plan to improve the quality
of its economic accounts (see the box "Measurement of Real Output and Prices for High-Tech
Goods"). The quality-adjusted price indexes for
semiconductors, which are based on indexes for
several types of memory chips and of microprocessors, were incorporated into the estimates of
exports and imports beginning with 1981.1
This article describes the development of
quality-adjusted price indexes for seven types of
metal oxide semiconductor (MOS) digital memory integrated circuits ("memory chips") and for
two different lines of MOS digital microprocessor
integrated circuits ("microprocessors"). It also
describes the aggregation of the seven memory
chip indexes into one summary index and the aggregation of the two microprocessor indexes into
one summary index.
Memory chips, microprocessors, and other related integrated circuits are probably best known
for their use in personal computers, but they
can be found in a vast array of products, such
as digital cable TV boxes, automobiles, and microwave ovens. In 1995, domestic shipments of
memory chips were $11.1 billion, and domestic
shipments of microprocessors were $11.4 billion.
Most domestically produced memory chips and
microprocessors are counted as intermediate consumption that is incorporated in the production
i. See "Improved Estimates of The National Income and Product Accounts for 1959-95: Results of the Comprehensive Revision," SURVEY OF
CURRENT BUSINESS 76 (January/February 1996): 27. The indexes also were
incorporated into the improved estimates of gross domestic product by industry; see "Improved Estimates of Gross Domestic Product by Industry,
1959-94," SURVEY 76 (August 1996): 140-41. The indexes used in both of
these sets of estimates were improved in the annual revision of the NIPA'S
that were released in July 1997; see "Annual Revision of the National Income
and Product Accounts: Annual Estimates, 1993-96, and Quarterly Estimates,
1993:1-1997:1" SURVEY 77 (August 1997): 30.
of other goods. However, imports and exports
of memory chips and microprocessors appear directly in estimates of GDP; in 1995, imports were
$19.9 billion, and exports were $4.0 billion.
The new indexes described in this article
use quality-adjusted prices in combination with
Fisher chain-type indexes to produce price indexes for the 1974-96 period. These new indexes
attempt to address biases associated with conventional measures of real output for high-tech
products. As was noted in the most recent
comprehensive NIPA revision, the introduction of
these indexes resulted in a significantly faster rate
of real growth of exports and imports. Among
the more important results are the following:
• The price index for memory chips declined
at a 37-percent average annual rate from 1975
to 1985 and at a 2O-percent average annual
rate from 1985 to 1996.
• The price index for microprocessors declined
at a 35-percent average annual rate from 1985
to 1996.
• The price index for imports of semiconductors declined at a 19-percent average annual
rate from 1985 to 1994; the previously used
price index had increased at a 2-percent average annual rate. Reflecting this revision,
real imports of semiconductors increased at
a 47-percent average annual rate from 1985
to 1994; they had previously increased at a
17-percent average annual rate.
• The price index for exports of semiconductors declined at a 21-percent average annual
rate from 1985 to 1994. The previously used
price index had declined at a 2-percent average annual rate. Reflecting this revision,
real exports of semiconductors increased at
a 55-percent average annual rate from 1985
to 1994; they had previously increased at a
24-percent average annual rate.
The first section of this article examines the
patterns of prices for memory chips and discusses
the construction of price indexes for memory
SURVEY OF CURRENT BUSINESS
chips based on prices per bit of memory. It also
describes the results of hedonic regression experiments on two types of memory chips that
examined how their performance characteristics
determine their prices. The second section describes the characteristics of microprocessors and
the results of hedonic regression experiments that
examined how microprocessor prices are determined. It also describes how price indexes were
constructed using both conventional methodologies and the hedonic regression results to support
matched-model estimates. The third section
describes how the summary price indexes for
memory chips and microprocessors were used to
construct price indexes that are used to deflate exports and imports of semiconductors and in the
calculation of real gross product originating in
the electronic and electronic equipment industry
and in other industries.
February 1998 •
The quality-adjusted price indexes for semiconductors cover 1974-96. BEA does not plan
to extend its price estimates beyond 1996, because recent improvements by the Bureau of
Labor Statistics in the methodologies used for
estimating the producer price indexes for semiconductors make those indexes superior to those
that can be generated using BEA'S methodologies.
Data sources
Most of the price and quantity data that are used
in this study were purchased from a commercial
source.2 In addition, some early-year price and
quantity data for some types of memory chips
were provided by Ellen Dulberger of the IBM
Corporation. The data on the price-determining
characteristics of both memory chips and mi2. The source was Dataquest, a subsidiary of the Gartner Group, Inc.
Measurement of Real Output and Prices for High-Tech Goods
The preparation of a new price index for semiconductors is part
of a broader program that BEA has undertaken to improve its measures of the output and prices of high-tech goods in the national
income and product accounts (NIPA'S). These goods present problems for measurement because their quality and performance change
rapidly and because their production costs and prices often fall relative to those of other goods. In particular, they pose problems
for conventional fixed-weighted price indexes, for which the products in the sample and the relative weights are updated infrequently.
Such indexes tend to miss the early part of a high-tech product's
life cycle, when prices tend to decline rapidly, and to place too
heavy a weight on the later part of the life cycle, when the prices
of the older vintage technologies tend to decline less or even to
rise.
Another measurement problem is the adjustment of prices for
improvements in product quality. The conventional methodology assumes that an improvement in the quality of a product will
be associated with an increase in the cost of producing it; the
increase in cost is then used to determine how much of the product's price increase is attributable to quality difference and how
much to pure price change. For high-tech goods, however, the
cost and price of a new product—especially by the time it is beginning to replace an old product—are often lower than the old
product.
BEA has attempted to improve its measures of output and prices
through a combination of new weighting schemes and of new
methods for assessing the impact of quality change. In 1995, BEA introduced chain-weighted price and quantity indexes that use a type
of "superlative" index to address the bias associated with the use of
fixed weights. These indexes use annual weights that reflect the adjustments that buyers make in purchasing patterns as relative prices
change; thus, they more accurately measure overall changes in prices
and in the pattern of production over time. However, these weights
do not adjust for biases that arise from the use of fixed-weighted
price indexes in the deflation of the detailed components of gross
domestic product (GDP).
BEA has attempted to address the problem of measuring quality
change through the use of hedonic indexes and other quality adjustments. The hedonic indexes attempt to look explicitly at the
differences in the prices and characteristics of high-tech and other
products and to observe what consumers pay for various characteristics. Hedonic indexes were first used by BEA and IBM Corporation
on a joint project to develop an improved price index for computers;
this index was introduced into the NIPA'S in 1986. This work has
been largely taken over by the Bureau of Labor Statistics, which introduced hedonic price indexes for personal computers in 1990 and
large-scale computers in 1997.
When BEA first introduced the computer price index, it was believed that the rapid decline in computer prices was partly due to
declines in the prices of inputs, particularly of some types of semiconductors, to the computer manufacturing industry. However, the
price indexes for semiconductors that were available showed only
modest declines. If the prices of semiconductors were declining more
rapidly than the price indexes indicated, the NIPA'S were understating the increases in real imports and exports of semiconductors; in
addition, real gross product would be overstated for the computer
industry (in industrial machinery) and understated for the semiconductor industry (in electrical equipment). In researching this
question, BEA, working with the Bureau of Labor Statistics, has developed several extensions of the earlier work on computer prices,
including the quality-adjusted, reweighted price indexes for semiconductors that were introduced in the most recent comprehensive
revision of the NIPA'S and that are discussed in this article.
i. The Bureau of Labor Statistics (BLS) is examining the use of geometric means to
address such lower level aggregation bias in the Consumer Price Index (CPI), components of which are used in deflating detailed components of consumer spending in GDP.
BLS is not presently examining the use of geometric means in the Producer Price Index
(PPI), components of which are used in deflating detailed components of investment
and consumer spending in GDP. BLS believes that the PPI has a different conceptual basis
than the CPI, and the use of geometric means is not "readily justifiable" within that
conceptual framework. (See Bureau of Labor Statistics, "The Experimental CPI Using
Geometric Means (CPI-U-XG)," April 10,1997 at <http://www.bls.gov/cpigmrp.htm>.)
9
1O • February 1998
SURVEY OF CURRENT BUSINESS
croprocessors came from both the commercial
source and from published sources.
For memory chips, data on worldwide billing
prices per unit and quantities of units shipped
worldwide were used. These data cover a number
of subtypes of memory chips, classified by chip
"density," or the number of bits of data that can
be stored on one chip. In addition, some types
of memory chips have different capabilities: For
example, DRAM chips are available in standard
and video (VRAM) subtypes.
For microprocessors, the commercial-source
data on North American booking prices—the
prices at which orders are placed—and quantities of units shipped worldwide were used. These
data cover a number of subtypes of microprocessors. For example, the price data on 80486
microprocessors includes six different subtypes
that feature four different speeds of operation
and three different configurations. Information
from other published sources was used to identify the price-determining characteristics for each
subtype of microprocessor. These characteristics
are valued by the market, and differences in characteristics are reflected in the relative prices paid
for the different types of microprocessors.
Beginning with 1974 for memory chips and
1985 for microprocessors, the data include prices
and quantities only if there were significant numbers of shipments. Thus, the data set does
not include early, limited shipments nor some
late, limited shipments. In addition, only prices
for the most prominent types of microprocessors are in the data set, and these are almost
entirely from two manufacturers; microprocessors from "clone" suppliers are underrepresented
in the data set. Nevertheless, the data set appears to cover most of the memory chips and
microprocessors.
MOS Digital Memory Chips
Different types of memory chips have different
performance characteristics and are typically used
in different ways or in different types of products.
As a result, the patterns of prices over time for the
various types of chip are quite distinct. Due to
the differing patterns, it was necessary to estimate
separate price indexes for each type of chip.
Types of memory chips.—Quality-adjusted price
indexes were estimated for seven types of
memory chips:
DRAM Dynamic random access memory
EEPROM Erasable electronically programmable
read-only memory
EPROM Electronically programmable read-only
memory
Flash Flash memory; derived from EEPROM'S
ROM Read-only memory
Fast SRAM Static random access memory, with
access time of less than 70 nanoseconds
Slow SRAM SRAM with access time of more than
70 nanoseconds
Each type of memory chip is distinguished by
its specific characteristics and uses.3 For example, DRAM'S are used for the main memories of
personal computers, while SRAM'S are generally
used for their "cache" memories. Fast SRAM'S
command a higher price than slow SRAM'S. Some
additional data on price-determining technical
characteristics are available for specific chip densities within chip types, and these chips are
treated as separate subtypes.
For example,
DRAM chips that are specialized to speed computer video displays (VRAM technology) have
been produced since the late 1980*8, and these
chips command a higher price than conventional
DRAM'S. The price indexes do not distinguish all
the price-determining characteristics: According
to Kenneth Flamm, chips with the same densities
but with different configurations and packaging
have different unit prices; however, the data do
not contain enough information to make these
distinctions.4 Similarly, the data on DRAM'S do
not distinguish between parity and non-parity
subtypes.
Life-cycle patterns.—Each chip density and subtype has a typical life-cycle pattern for prices and
quantities. Quantities of shipments of chips of a
specific density begin with small numbers, grow
to a peak, and then decline to insignificant numbers. Unit prices start at typically high amounts,
decline to a low, and then increase as the chip
nears the end of its lifespan. The lows for unit
prices may coincide with peak shipment rates, or
they may lag several years. Table i illustrates this
pattern for i6-kilobit DRAM'S.
3. For more details about the various types of chips and their uses, see
Winn L Rosch, The Winn L Rosch Hardware Bible (Indianapolis, IN: Sams
Publishing, I994):i56-2o8.
4. See Kenneth Flamm, "Measurement of DRAM Prices: Technology and
Market Structure," Price Measurements and Their Uses, ed. Murray Foss,
Marilyn Manser, and Allan Young, (Chicago, IL: The University of Chicago
Press, 1993): 157-197-
SURVEY OF CURRENT BUSINESS
Prices per bit
For the selected chip types, the life-cycle price
patterns for different chip densities result, over
time, in chips with increasingly higher densities
offering the lowest price per bit of storage capacity (table 2). This pattern starts with 4-kilobit
DRAM chips in 1975 and ends with i6-megabit
chips in 1995. In 1995, the cheapest price is less
than 0.2 percent of the cheapest price in 1975.
Price indexes for the selected chip types.—The
principal methodology used to estimate price indexes for the various chip types is an extension
of Ellen Dulberger's work. It is a matched-model
approach that is based on the unit prices and the
density for each subtype of memory chip.5 Separate indexes were estimated for each of the seven
types of memory chips and were constructed using value weights derived from the price and
quantity data.
Four annual price indexes were constructed for
each type of memory chip. Three of the four are
chain-type indexes that have weights that change
each year: Price relatives for each density of
each type of chip are weighted together, using
the values of shipments, to obtain price indexes.
The first index is a Laspeyres index that uses
prior-year weights, the second is a Paasche index
5. See Ellen Dulberger, "Sources of Price Decline in Computer Processors:
Selected Electronic Components," in Price Measurements and Their Uses, ed.
Murray Foss, Marilyn Manser, and Allan Young (Chicago, IL: The University
of Chicago Press, 1993) 103-124.
Table 1.-Prices and Quantities Shipped of 16 Kilobit
DRAM's
Year
Thousands
Dollars
54
5250
2300
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
2008
20785
53218
184020
221,473
286 290
296610
161 290
70,920
925
613
481
2.11
1 24
1 05
1 11
1 34
February 1998 • 11
that uses current-year weights, and the third is
a Fisher index, which is a superlative index that
is constructed using the geometric average of the
changes in the Laspeyres and Paasche indexes for
each year.
The fourth index is calculated using the cheapest price per bit for any chip density in each year.
This index provides a rough proxy for changes
in the cost of the cheapest available technology
for products that are designed to minimize cost
and that require the amount of memory provided by the cheapest price-per-bit chip. This
index is used only to provide a rough check on
the price changes found using the other three
indexes. In order for this index to be the useful in estimating quality-adjusted price indexes,
the other characteristics of chip subtypes—which
are not accounted for in this price index—would
have to be unimportant, contrary to the price
differentials reported by Flamm.
Table 3 shows the average rates of change for
the four indexes for 1977-96. It was possible to
construct all four indexes for five of the memory
chip types: The declines in the indexes based
on the "cheapest" price per bit are generally of
the same order of magnitude as those in other
indexes, but they are the largest for four of the
five chip types. The declines in the Fisher indexes
vary from 18 percent for EEPROM'S to 31 percent
for DRAM'S. The Fisher index for Flash memory
chips declines at a 37-percent rate for the shorter
period for which that index is available.6
The pattern of memory chip prices.—In order
to summarize the changes in quality-adjusted
price indexes for memory chips over time, a
Fisher chain-type index was constructed using
the Fisher price indexes for the seven individual
6. Some indexes for EEPROM'S and ROM'S are not shown because the
estimates before 1988 were based on Dulberger's data. The methodology used
to link the estimates based on Dulberger's data with the other estimates does
not support the calculation of these indexes.
Table 3.—Price Indexes: Average Annual Rates of Change,
1977-96
DRAM Dynamic random access memory
[Percent]
Table 2.-ORAM Prices
Chip type
[Dollars per kilobit]
Chip type
4 kilobit
16 kilobit
64 kilobit
256 kilobit .. . .
1 megabit
4 megabit
16 megabit
1975
1980
1985
1.8125
04813
0.3008
09766
0.9375
0.0836
0.0170
0.0194
0.1184
1990
00226
00077
0.0061
00103
NOTE.—Bold italics indicate lowest price per bit of memory for the corresponding year.
DRAM Dynamic random access memory (standard technology)
1995
00188
00078
0.0039
00031
0.0030
DRAM's
EEPROM'S
EPROM's
Flash (1988-96)
ROM's
Fast SRAM's
Slow SRAM's
Fisher
chain
-31 1
-178
-278
Laspeyres
chain
Paasche
chain
Cheapest
-282
-340
-287
-279
-393
-280
-37.4
-21.7
-26.7
-35.4
-323
-401
-27.3
-25.2
-28.6
-199
-212
-185
-283
DRAM Dynamic random access memory
EEPROM Erasable electronically programmable read-only memory
EPROM Electronically programmable read-only memory
Flash Flash memory
ROM Read-only memory
SRAM Static random access memory
SURVEY OF CURRENT BUSINESS
12 • February 1998
memory chip types as the components (table 4).
This index reflects both the price indexes for the
individual chip types and their changing value
weights: In particular, note that the weight for
DRAM'S increased from about one-third of the
total in the early 1980*5 to about two-thirds in
1995-96.
The index declines sharply in most years in
1975-92. However, the index declines more slowly
in 1987 and then increases in 1988, reflecting the
Table 4.—Summary Price Index for Memory Chips
[1992=1.00]
Percent change from
previous year
Index
Year
1 778 37
560.57
343.62
19923
11668
97.33
68.97
33.48
20.73
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
-68.5
-38.7
-420
-41.4
-16.6
-29.1
-51.4
-58.1
1513
-270
11.86
-21.6
-53.0
5.57
361
-552
-8.0
16.5
3.23
3.87
329
-15.1
-44.5
-29.0
-22.4
1.83
1.30
1.00
0.94
0.94
0.87
0.47
1992
1993
1994
1995
1996
-6.4
0.3
-7.6
effects of the U.S.-Japan Semiconductor Trade
Agreement in late 1986.7 In 1993, the decline
in the index slows, and in 1994, the index increases slightly. It declines modestly in 1995 and
very rapidly in 1996, as overcapacity in worldwide
chip-production facilities led to sharp price cuts
in DRAM'S, beginning in the first quarter of 1996.
Fisher chain-type price indexes for each type of
memory chip are shown in table 5. The time patterns for the indexes are roughly similar to those
of the summary index. The indexes for DRAM'S
and fast SRAM'S generally decline more rapidly
than the other indexes, and the indexes for ROM'S
and slow SRAM'S generally decline more slowly.
These patterns support Dulberger's finding that
the prices of the various types of MOS memory chips declined sharply from the mid-i97o's
through the mid-ipSo's. They also indicate continuing sharp declines through 1992. In 1993,
however, the declines generally slowed or halted,
and prices of several types of memory chips increased in 1994. In 1995 and 1996, the prices of
nearly all types of memory chips declined.
Regression experiments
The prices of memory chips are determined by
several factors, or quality characteristics. Hedonic regressions may be used to estimate the values
-46.0
Averages:
1975-85
1985-96
7. See Flamm, 163-64.
8. See Dulberger, 115-18.
-36.9
-201
Table 5.—Price Indexes for MOS Memory Chips
[1992=1.00]
Year
Index
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985 . ..
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995 .
1996
4,173.40
1,315.53
805.19
480.58
267.55
215.35
175.99
75.32
38.25
27.58
21.57
7.39
4.34
3.99
5.08
4.43
2.14
1.42
1.00
0.98
1.01
0.98
0.40
EPROM's
EEPROM's
DRAM's
Percent
change
from
previous
year
-68.5
-38.8
-40.3
-44.3
-19.5
-18.3
-57.2
-49.2
-27.9
-21.8
-65.7
-41.3
-8.0
27.3
-12.8
-51.8
-33.5
-29.5
-1.5
2.2
-2.6
-59.4
Index
Percent
change
from
previous
year
24.42
18.07
13.40
10.97
9.45
8.80
8.54
7.41
5.08
3.82
3.36
2.69
2.30
1.73
1.23
1.00
0.92
0.74
0.62
0.59
DRAM Dynamic random access memory EEPROM Erasable electronically programable read-only memory
EPROM Electronically programmable read-only memory
Flash Flash memory
-26.0
-25.9
-18.1
-13.8
-6.9
-3.0
-13.1
-31.5
-24.8
-12.0
-19.9
-14.7
-24.9
-28.7
-18.7
-8.2
-19.7
-16.2
-4.2
Index
72608
374.35
163.21
131.49
71.49
24.30
16.10
11.47
8.24
4.28
2.94
3.04
3.19
2.29
1.43
1.13
1.00
0.88
0.88
0.74
0.76
Percent
change
from
previous
year
-48.4
-56.4
-19.4
-45.6
-66.0
-53.7
-28.7
-28.2
-48.0
-31.3
3.4
5.0
-28.2
-37.8
-21.0
-11.2
-12.1
0.7
-16.9
3.4
Flash memories
Index
Percent
change
from
previous
year
ROM's
Index
7499
45.62
40.93
31.13
21.60
15.82
10.83
10.92
5.46
2.08
1.20
1.00
0.88
0.63
0.38
0.26
-50.0
-61.8
-42.3
-16.8
-12.3
-28.3
-59.9
-32.0
Fast SRAM's
Percent
change
from
previous
year
8.82
5.44
3.98
3.08
2.00
1.57
1.29
1.07
1.00
0.77
0.84
0.77
0.71
MOS Metal oxide semiconductor
ROM Read-only memory
SRAM Static random access memory
-39.2
-10.3
-23.9
-30.6
-26.7
-31.5
-18.6
-38.3
-27.0
-22.7
-35.1
-21.6
-17.8
-16.6
-6.8
-22.5
7.8
-8.2
-7.3
Index
12584
95.69
85.21
41.29
19.79
11.38
10.59
10.85
7.49
5.00
3.95
3.92
3.43
2.19
1.42
1.00
0.66
0.62
0.40
0.35
Percent
change
from
previous
year
-24.0
-11.0
-51.5
-52.1
-42.5
-6.9
2.4
-30.9
-33.3
-21.0
-0.8
-12.5
-36.1
-34.9
-29.8
-33.6
-6.3
-36.0
-13.3
Slow SRAM's
Index
12952
81.31
46.60
36.91
31.72
23.49
12.49
7.51
5.70
4.79
2.83
1.97
1.82
2.62
2.41
1.38
1.10
1.00
1.03
1.01
0.82
0.69
Percent
change
from
previous
year
-37.2
-42.7
-20.8
-14.1
-26.0
-46.8
^59.9
-24.1
-16.0
-40.9
-30.2
-8.0
44.2
-7.8
^2.8
-20.3
-9.1
2.7
-2.0
-19.0
-15.5
SURVEY OF CURRENT BUSINESS
of the quality characteristics.9 In order to evaluate the possible usefulness of hedonic regressions
for supporting the estimation of quality-adjusted
price indexes for memory chips, regressions were
estimated for two types of chips—DRAM'S and
EPROM'S. DRAM'S were chosen because of their
large share in total memory chip shipments, and
EPROM'S were chosen to evaluate whether the results from the regressions for DRAM'S tended to
hold for other types of memory chips. In addition, both types of memory chips were chosen
because they have been produced for a relatively
long time. Together, DRAM'S and EPROM'S accounted for two-thirds of the commercial-source
data's estimates of the value of worldwide shipments of MOS digital memory integrated circuits
in 1980 and for more than three-quarters in 1994.
The determinants of memory chip prices.—Only
limited information about the characteristics of
DRAM'S and EPROM'S is available, including annual data for worldwide unit prices for shipments, chip density, and quantities shipped. In
addition, it is possible to construct measures of
how long the chips of each density had been produced in significant numbers and of the ratio
of their density to that of the cheapest per-bit
density of chip.
As noted earlier, Kenneth Flamm found that
other chip characteristics, such as packaging and
the way that the memory is grouped on the chip
are also significant in determining unit prices.10
However, data on these characteristics were not
available.
The primary explanatory variable is density.
By and large, it is expected that larger capacity,
higher density memory chips will sell for more
than lower density chips. An examination of the
data on prices largely confirms this. However,
some types of older memory chips have higher
unit prices than newer, higher density memory
chips, but the quantities of shipments of these
older chips are usually small.
A second explanatory variable may be a general
decline in memory chip prices over time. This
tendency is evident in the pronounced down9. Hedonic regressions have been used by BEA to support the estimation of quality-adjusted price indexes for mainframe and personal computers.
For a discussion of the use of hedonic regressions to estimate price indexes for mainframe computers, see Roseanne Cole, Y. C. Chen, Joan A.
Barquin-Stolleman, Ellen Dulberger, Nurhan Helvacian, and James H. Hodge,
"Quality-Adjusted Price Indexes for Computer Processors and Selected Peripheral Equipment," SURVEY OF CURRENT BUSINESS 66 (January 1986):
41-50. For a discussion of the use of hedonic techniques for estimating
price indexes, see Jack E. Triplet!, "The Economic Interpretation of Hedonic
Methods," SURVEY 66 (January 1986): 36-40.
10. See Flamm, 158-161.
February 1998
trend in the summary Fisher chain-type price
index.
An additional factor for DRAM'S is the appearance in the mid-1980'$ of VRAM technology
chips, which led to persistent price premiums for
VRAM'S. The prices of VRAM chips have been
roughly double the prices of standard technology
DRAM chips of the same density.
The U.S.-Japan Semiconductor Trade Arrangement in late 1986 led temporarily to higher unit
prices for some types of memory chips. To account for the effects of the arrangement on chip
prices, experiments were performed with dummy
variables. The effects were statistically significant
for both chip types in 1988 and for DRAM'S in
1989, but they were not statistically significant
for 1987 or for years after 1989." For both types
of chips, the preferred equations used a dummy
variable with a value of i in 1988 and 1989 and a
value of zero elsewhere.
The price patterns for DRAM'S appear to follow
the typical life cycle (chart i).12 The unit prices
are initially very high, then decline—rapidly at
first and then less rapidly—to reach a low range,
and finally tend to increase until significant shipments end. However, most densities of DRAM'S
are still being shipped.
11. Experiments were also performed with individual-year time dummy
variables in an attempt to find time-related price declines that were not
captured elsewhere in the equation for DRAM prices, but these efforts were
unsuccessful.
12. Ellen Dulberger suggested the existence of a life-cycle pattern in an
informal discussion with BEA staff.
CHART 1
DRAM Prices Per Bit of Memory
Dollars per kilobit
10.0
4 Kilobit
16 Kilobit
64 Kilobit
256 Kilobit
1.0
0.1
0.01
0.001
I
I I I I I I I I I I I I I I I I I I
1974 76 78
80 82 84
86 88 90 92
U.S. Department of Commerce, Bureau of Economic Analysis
94
14 • February 1998
SURVEY OF CURRENT BUSINESS
This life-cycle pattern also appears to apply to
other types of memory chips. The early price
declines probably reflect a learning curve for the
manufacturers, economies of scale, and increasing competition as more manufacturers supply
the memory chips. The later price increases
appear to reflect decreasing economies of scale
and declining competition as fewer manufacturers supply the memory chips. It seems likely
that the life-cycle pattern is primarily a result
of supply and not demand; if so, then variables
explaining the life cycles should not be used in
estimating hedonic price indexes.
Two proxy variables were constructed to account for life-cycle patterns. The first is a
nonlinear variable based on how long memory
chips of a given type and density have been
shipped. This variable is designed to decrease
rapidly at first and then less rapidly to reach a
low, constant value at 7 years, the typical time
for a chip's price to reach the low range. The
functional form chosen was
Nlage7max= (8 - min(age,7)) 2 ,
where age is the number of years that shipments of the memory chip's density and type
are recorded. For example, the age of i6-kilobit
DRAM'S, which were first shipped in significant
numbers in 1976, in 1979 was 3.
The second proxy variable is the ratio of each
chip's density to the density of the cheapest
price-per-bit chip of the same type. Because
the cheapest per-bit chips have had increasingly
higher densities over time and because lower density chips are those whose prices tend to increase,
this variable proxies for the price increases. This
variable also helps to explain the initial price declines because new, higher density chips are those
whose prices tend to decline and because they
have large ratios of own densities to those of the
cheapest price-per-bit chips.
Four functional forms were used in the initial regression experiments: Log-log, log-linear,
linear-linear, and linear-log. Log-log and loglinear forms were clearly superior, and only
equations with these two forms are shown.
The sample period used is 1976-94. The earliest data for EPROM'S is for 1976, so it was chosen
as the initial year in equations for both types of
memory chips for the sake of uniformity. The
year 1994 was the latest year for which data were
available at the time the regressions were estimated. The sample period was not extended,
because new technical characteristics emerged—
in particular, "fast page mode" and "extended
data out" technologies for DRAM'S—that affected
memory chip prices in ways that could not be
captured by the available data on explanatory
variables.
Results of regression equations.—The results for
selected equations for the logarithm of unit prices
for DRAM'S are shown in table 6. The explanatory
variables are as follows:
Density Number of bits of data that may be
stored on a chip, in kilobits
Time Year of the price observation (for example,
1976 = 76)
Stan-vram Dummy variable for VRAM technology; standard DRAM technology = o, VRAM
technology = i
Nlage7max Nonlinear variable for the age of the
chip's density class, as described earlier
Cheaprat Ratio of the chip's density to the density of the cheapest per-bit chip (for example
64K/1M = 0.0625)
Dum8889 Dummy variable for the effects of the
semiconductor trade agreement; 1988-89 = i,
other years = o
Equation i uses the logarithm of density and a
linear time trend as explanatory variables. Both
explanatory variables are highly significant statistically. Equation 2 adds the two variables that
explain the life-cycle patterns of prices for individual chip densities and the dummy variable
for VRAM technology. The measure of the time
trend was changed to a logarithmic one in order
to keep time as a statistically significant explanatory variable. The equation has an improved fit,
Table 6.-Hedonic Regressions for DRAM's, 1976-94
[Coefficients, with t-test statistics in parentheses]
Equation number
Explanatory variable
1
2
0.88575
(14.32)
-027168
(10.49)
0.32690
(4.83)
0.00040
(7.92)
Density
Log (Density)
Time
4
0.00038
(10.03)
0.00038
(10.32)
0.99964
-0.00702
(0.51)
1.01305
(7.29)
0.04947
(13.27)
0.06563
(3.61)
(14.81)
0.06617
(3-67)
21.0254
(10.35)
20.2759
(1.96)
0.99367
(0.82)
0.38423
(5.04)
0.95543
(7.19)
0.05412
(15.30)
0.05369
(2.90)
0.33529
(2.21)
0.35181
(4.63)
0.6956
102.68
(2,87)
0.8680
118.59
(5,84)
0.9035
167.59
(5,84)
0.9043
211.28
(4,85)
0.9085
177.76
(5,84)
Log (Time)
.. .
Cheaprat
Dum8889
Constant
R-bar square
F-test statistic
5
'^472498
(1.99)
0.78798
(4.68)
0.04630
(9.08)
0.05285
(2.40)
Stan-vram
Nlage7max
3
. .
NOTE.—The dependent variable is the natural logarithm of the unit price of a DRAM.
DRAM Dynamic random access memory
SURVEY OF CURRENT BUSINESS
as measured both by R-bar square and the F-test
statistic.
Equation 3 substitutes the level of density for
its logarithm. With this specification, both forms
of the time trend continue to have negative coefficients, but are insignificant. Deleting the
time trend yields equation 4, which is otherwise
similar to equation 3. The coefficients for the
nontime explanatory variables all continue to be
highly significant.
Equation 5 adds the variable for the semiconductor trade agreement. It is positive, as
expected, and is statistically significant at the 0.95
confidence level. The values of the statistic for
the F-test and R-bar square are highest for equation 5. Variants of equation 5 that included time
trends were also estimated, but the coefficients
for the time trends were highly insignificant and
had little effects on the coefficients of the other
explanatory variables.
The results for selected equations for the logarithm of unit prices for EPROM'S are shown in
table 7. The variables have the same names as
those in table 6.13
Equation i makes the logarithm of the unit
price a function of the levels of density and
time. Both density and time are highly significant. Equation 2 replaces density with the
logarithm of density. This equation has summary
statistics that are considerably higher than those
in equation i. (The level of density was never
significant at the 0.9 confidence level in equations with explanatory variables in addition to
13. There is no Stan-vram dummy variable, because this technology is not
a quality characteristic for EPROM'S.
Table 7.—Hedonic Regressions for EPROM's, 1976-94
[Coefficients, with t-test statistics in parentheses]
time, and no additional equations with the level
of density are shown.)
Equation 3 adds the two variables that proxy for
life-cycle price patterns for EPROM'S. The t-test
statistic for the log(density) variable's coefficient
decreases sharply. Equation 4 replaces the linear time trend with a logarithmic time trend and
uses the level of density. In contrast to the regressions for DRAM'S, the time trend is statistically
significant.
Equation 5 adds the 1988-89 dummy variable
that proxies for the effects of the trade agreement.
While R-bar square rises slightly, to the highest
value for any of the equations, the F-test statistic
declines somewhat from its peak value in equation 4. The t-test statistic for density declines
slightly.
The regressions yield statistically significant explanations of the prices of DRAM'S and EPROM'S,
as measured by F-test statistics. However, the
limited data available on quality characteristics
that might be important to purchasers means that
the regression approach is not a competitive alternative to the matched-model methodology. Aside
from density and VRAM technology for DRAM'S,
all the other significant explanatory variables in
the regressions are primarily measures of supply
conditions and not of quality characteristics that
affect demand. Although the importance of lifecycle variables in determining the prices of both
types of memory chips is interesting, life cycles
are mainly the result of supply-determining factors. Similarly, the effects of the trade agreement
are not characteristics that would enter into a
quality-adjusted price index.
Microprocessors
Equation number
Explanatory variable
Density
1
0.50381
(12.16)
-.21748
(13.71)
-1.5259
(8.87)
5
0.05863
(1.74)
0.6094
(1.80)
-.04164
(3.12)
0.00034
(7.52)
Log(Density)
Time
3
4
0.06373
(1.87)
2
Constant
14.8952
(9.97)
18.3991
(14.31)
-3.68864 -3.66299
(3.20)
(3.18)
0.03697 0.03775
(10.64)
(10.93)
0.14203 0.13550
(4.27)
(4.10)
0.20089
(2.00)
4.33743 17.1641 17.0494
(3-37)
(3.39)
(4.03)
R-bar square .
F-test statistic
0.4575
51.17
(2,117)
0.6443
108.76
(2,117)
0.9004
269.91
(4,115)
Log(Time)
Nlage7max
0.03731
(10.86)
0.14048
(4.21)
Cheaprat
Dum8889
0.9007
270.78
(4,115)
0.9032
223.06
(5,114)
NOTE.—The dependent variable is the natural logarithm of the unit price of an EPROM.
EPROM Electronically programmable read-only memory
Quality-adjusted annual price indexes were estimated for two lines of MOS digital microprocessor
integrated circuits; the methodology used for
these indexes was quite different from that used
for the indexes for memory chips. The methodology was partly based on hedonic regression
equations, which were used both to construct
price indexes directly and to augment the data set
that was used to construct other price indexes. In
addition, the methodology used conventional interpolation and extrapolation techniques that are
similar to those used for some other components
of the NIPA'S. Although this approach echoes
some aspects of the work by Roseanne Cole and
her colleagues on the prices of mainframe com-
February 1998 • 15
l6 • February 1998
SURVEY OF CURRENT BUSINESS
puter central processing units, it evaluates the
effects of many more characteristics.14
After the "missing" unit prices for microprocessors were estimated, Fisher chain-type price
indexes were constructed from the resulting price
and quantity data using the same methodology
that was used to estimate the price indexes for
memory chips. Because there is no predominant
univariate measure for the performance of microprocessors, an index comparable to the price
indexes for the cheapest price-per-bit memory
chips was not constructed.
Description of the microprocessors
The MOS digital microprocessors are key components of personal computers and include gate
arrays, which are largely composed of sets of electrical circuits that carry out the three Boolean
logical operations: AND, OR, and NOT. They regulate the flow of electricity according to these
operations, allowing it to pass or shutting it
off according to programmed instructions.15 In
addition, over time, microprocessors have increasingly added circuits that store data and
instructions (in memory and registers), control
other functions used to make personal computers
work, and perform other operations.
Contemporary microprocessors typically have
thousands, or millions, of gates and memory
cells. The commands under which the microprocessors operate make up their instruction or
command set, and this set varies among different types of microprocessors. Nearly all of the
microprocessors included in the price index estimation are of the cisc (Complex Instruction
Set Computer) variety. Of increasing importance, however, is the RISC (Reduced Instruction
Set Computer) variety, which uses a more limited set of instructions to increase the speed
of most operations. The technology underlying
RISC microprocessors is sufficiently different that
the characteristics that are important in determining the prices of cisc microprocessors may
differ from those for RISC microprocessors.
Two principal lines of microprocessors are
evaluated—the 80x86 line, including clones, and
the 68oxo line, including follow-on PowerPC microprocessors. The 8ox86-type chips have been
used in IBM and IBM-compatible personal computers (PC'S), and the 68oxo chips have been used
in Macintosh computers. Although a number
of manufacturers have produced clones of 80x86
14. See Cole, et al., 41-50.
15. For a more complete description of microprocessors, see Rosch, 36-153.
chips, most of these chips have been produced by
one manufacturer.16
In addition to the older generations of microprocessors, price data for Pentium microprocessors, which is an extension of the 80x86 line,
are available beginning with 1993. Price data for
PowerPC microprocessors are available beginning
with 1995.17 The Pentium microprocessors incorporate design improvements that yield higher
performance ratings than 80486 microprocessors
with the same clock speeds on many standardized
tests of computing power. The RISC technology
incorporated in PowerPC microprocessors also
boosts performance relative to clock speed in
many applications.
Distinguishing characteristics.—A number of
quality characteristics can be used to measure
a microprocessor's computing power, capabilities, and efficiency. The speed of operation is
an important characteristic for microprocessors
because it helps determine how fast the PC using the microprocessor performs. One measure
of speed is the microprocessor's internal clock
speed, which is measured in megahertz (millions
of cycles per second). Internal clock speed is either the rate or a multiple of the rate at which the
microprocessor deals with the rest of the circuits
of a computer. However, clock speed does not
capture all of the factors that determine the speed
of a microprocessor.18 An alternative measure of
speed is MIPS (millions of instructions per second); data for this measure were available only
for the 80x86 line of microprocessors, including
Pentiums.
Recent microprocessors contain a number of
registers that store data and instructions that are,
or that are about to be, used by the logic circuits.
An important characteristic is the size of the
packets of information that the microprocessor's
architecture allows it to deal with simultaneously; this characteristic can be measured by the
"width" of the internal data registers. Some early
microprocessors dealt with 8 bits simultaneously,
16. This estimate is based on the commercial-source worldwide shipments
data. In 1994, the principal producers of 8o486-type chips, including clones,
were Intel (77 percent of the total), Advanced Micro Devices (11 percent),
Cyrix (5 percent), IBM (4 percent), and Texas Instruments (3 percent).
17. Manufacturers of PowerPC microprocessors include Motorola and IBM.
18. In addition to clock speed, a number of other features determine the
speed of performing operations. More advanced chips typically are faster
than less advanced chips with the same clock speed from the same manufacturer. For example, on a number of standard performance tests, some
computers with 66-MHZ-rated Pentium microprocessors deliver much higher
performance than the same manufacturer's computers with 66-MHZ-rated
80486 microprocessors; the advantages are especially large for tests using 32bit codes. Further, the architecture of the PC helps determine its speed in
performing operations. See for example, Gateway 2000 Product Guide (North
Sioux City, so: Gateway 2000, April 1994).
SURVEY OF CURRENT BUSINESS
and later microprocessors deal with 16 or 32 bits.19
Alternatively the size of the packets of information can be measured as the width of the "bus"
that connects the microprocessor with the rest of
the PC'S circuitry. This width ranges from 8 to
64 bits and is determined by the number of parallel wires that carry data. Data for both register
and bus width are available for 80x86 and 68oxo
microprocessors.
A characteristic somewhat related to register
width and to bus width is the amount of random access memory that the microprocessor can
access at one time. The width of the "address
bus" to the memory chips determines how much
memory can be accessed. Generally, as register
widths have increased over time, widths of address busses have also increased. The amount of
memory that can be addressed is determined by
the formula M = 2N, where M is the number of
bytes of memory that can be addressed, and N
is the width of the address bus.20
Another characteristic that can proxy for increasing speed and capability of microprocessors
is the number of transistors they contain. Data
on the number of transistors were available only
for 80x86 microprocessors.
Some recent types of microprocessors contain
integral memory units, or "caches." These are
used to temporarily hold data or instructions that
are likely to be needed soon for operations by
the microprocessor. Having this information on
the same chip as the logic circuits helps to speed
operations. The 80x86 microprocessors use one
cache for both data and instructions. The first
caches on 68oxo microprocessors held only instructions, but more recent types of 68oxo microprocessors have separate caches for instructions
and for data.
Because general-purpose logic circuits are
rather slow at doing complex mathematical operations, specialized floating-point logic units have
been developed to handle them. At first, these
"math coprocessors" were separate chips that
worked alongside the general-purpose microprocessors. More recent types of microprocessors,
however, have often included integral math coprocessors. Data on the incorporation of coprocessors are available for both 80x86 and 68oxo
microprocessors.
19. All 68oxo microprocessors in the data set have a 32-bit register width,
so width is not a distinguishing characteristic for these chips. Pentium and
PowerPC microprocessors incorporate some 64-bit aspects.
20. Recent types of microprocessors have additional capabilities that further enhance the speed with which they can get data to and from memory
and the total amount of memory that can be addressed, but these capabilities were highly cbllinear with other characteristics and did not prove to be
significant in the hedonic regression experiments.
Newer microprocessors incorporate some PC
management functions that were handled by separate circuits in earlier designs. For 80x86 microprocessors, the characteristic measured was the
presence of support circuits. For 68oxo microprocessors, two characteristics are measured—the
presence of external memory management and,
with the most recent types, the presence of
integral memory management.
Some 80x86 microprocessors have the ability to
multitask, or to run two or more programs at
the same time. Integral multitasking capabilities
were first offered on 80386 microprocessors.
In addition, the age of the types of microprocessors may be a price-determining characteristic.
Alternatively, a general time trend would be indicative of price declines over time that are not
related to the ages of the microprocessors.
The most recent, and capable, microprocessors incorporate additional features that speed
operations; for example, "superscalar" design allows the microprocessor to do more than one
operation at the same time. Such features, as
well as the incorporation of RISC technology,
might be expected to influence prices. However, these features are highly collinear with other
characteristics and so do not appear as separate
explanatory variables in the regression equations.
The prices of microprocessors may also have
been influenced by such factors as the type of
packaging of the chips, the operating voltage (important for notebook PC'S and for some recent
high-speed microprocessors), and transistor technology. However, information from the data set
suggests that the price differences due to these
factors are small in comparison with the effects
of the other characteristics.
Clones.—Clones of 80x86 microprocessor types
usually appear after the 80x86 types are introduced, and the market share of the clones gradually increases.21 There is price data for only one
clone, the AMD386 4O-megahertz microprocessor.
The clones often offer a somewhat different mix
of characteristics than do corresponding 80x86
microprocessors in the data set. Clones often
offer somewhat greater capabilities. However, it
is not unreasonable to suppose that, given the
rough similarity of capabilities, the clones' prices
move in the same general patterns as those of
80x86 chips included in the data set.
21. The clones either are produced under license (for example, some
IBM and Advanced Micro Devices microprocessors) or are designed to be
compatible with the 80x86 microprocessors.
February 1998 •
1J
l8 • February 1998
SURVEY OF CURRENT BUSINESS
Data.—The microprocessor price data used in
the regressions are for North American booking prices for 1985-94. Although the actual
prices paid may vary somewhat from the booking prices, there is no reason to assume that they
would differ consistently from the booking prices.
In addition, because this analysis uses annual average prices, the effects of lags between bookings
and shipments are mitigated. Research on the
lags between booking prices and prices paid for
memory chips (not reported here) suggests that
the effects of lags are small.
1993 the age of an 8O486DX chip, which was
introduced in 1989, was 4)
Coprocessor Dummy variable for the existence
of a math coprocessor on the microprocessor
chip: Yes = i, no = o
Support Dummy variable for PC support/control
capabilities on the microprocessor chip: Yes
= i, no = o
Multitask Dummy variable for the ability to do
multitasking on the microprocessor chip: Yes
= i, no = o
Regressions for 80x86 microprocessors
The equations that were initially estimated focused on the key characteristics of MIPS and
Speed, each in combination with time. Next,
the other explanatory variables were added one
at a time in the following judgmentally preferred order: Register, Bus, Transistor, Memory,
Cache, Age, Coprocessor, Support, and Multitask. The variables that had t-test statistics of i.o
or higher with either speed specification (roughly
the 50-percent confidence level) were retained.
In order to avoid possible spurious results
due to chance nonlinear relationships, an iterative Box-Cox test for functional form was not
performed. Instead, the initial equations were estimated using four alternative functional forms:
Log-log, log-linear, linear-linear, and linear-log.
These four forms were also used for the second
set of equations that added register width. At
this point, the "preferred" equations with either
speed variable had R-bar squares of about 0.9 or
higher, and the log-log forms had much higher
F-test statistics.23 As a result, the log-log form
was adopted for further experimentation.24
After a preferred equation was estimated according to the iterative process, the other explanatory variables, such as memory, that were
dropped earlier were added back one at a time
to see if any were significant in equations containing the preferred explanatory variables. They
were not.
Table 8 shows a selected set of the log-log form
equations. In equations i and 2, which were
the starting points of the regression experiments,
The first regression-based experiments used the
80x86 microprocessor data because there were
more observations and because the explanatory
data set described more characteristics. The data
set had a total of 72 observations available, ranging from 3 observations for 1985 to 11 observations
for 1991. There were data for a total of 22 types of
80x86 microprocessors, classified by clock speed,
plus the AMD386 clone. The data set did not include all speeds of a given microprocessor type
in all periods, but it did include prices for more
than one speed of a given microprocessor type
in a given year. In many cases—for example, the
80386 series—the first year for which there were
prices for a new type of microprocessor was the
year following its initial introduction: The data
set often indicated small numbers of shipments in
the first year, but it did not include corresponding
price data.
The following 12 explanatory variables were
available for the regression experiments:
Speed Internal clock speed, in megahertz22
MIPS Computing power, in millions of instructions per second
Register Internal register width, in bits
Bus External bus width, in bits
Transistor Number of transistors on the microprocessor chip, in thousands
Memory Addressable memory, in number of
bits of address register width (see previous
formula)
Cache Amount of on-chip memory cache, in
kilobytes
Year Year of the observation (for example,
1990 = 90)
Age Number of years since the microprocessor
chip series was introduced (for example, in
22. Data on external clock speed are also available but were not used,
because of high collinearity with internal clock speed.
23. For example, for the equations with MIPS, Register, and Year as explanatory variables, the F-test statistics for the various functional forms
were
Log-log
Log-linear
Linear-log
Linear-linear
308.9
58.8
54.5
53.2
24. The log-log functional form was used for all but one of the nondummy
explanatory variables other than Year and Age. It was not used for Cache,
because Cache has a value of zero for some of the earlier microprocessor
types and therefore cannot be expressed in logarithmic form.
SURVEY OF CURRENT BUSINESS
February 1998 •
tics with at least one speed variable. However, the
t-test statistics for Transistor in equation 7 and
for Register in equation 8 drop well below i.o,
reflecting the high degree of collinearity among
the explanatory variables, including the dummy
variables, in the equations.
Equations 9 and 10 add Age to the explanatory
variable set. Although Age is primarily a measure
of supply conditions rather than a quality characteristic affecting demand, it is included in order
to look for life-cycle patterns of the prices of microprocessors that might be similar to the strong
patterns found for the various types of memory
chips. Adding Age roughly doubles the negative coefficient of the Year (time trend) variable;
moreover, Age has a positive coefficient approximately the same size as the previous negative
coefficient of the time trend. This result suggests
that the prices of individual microprocessor types
tend to decline more slowly over time than the
quality-adjusted price of microprocessors, which
also reflects the introduction of new types of microprocessors. This pattern is analogous to that
of memory chips, but strong life-cycle patterns
are less evident for microprocessors.
In both equations, adding Age also dramatically lowers the t-test statistics of Bus and
increases the t-test statistics of both Transistor
and Register.
Equation 11 is similar to equation 8, but it
excludes the statistically insignificant Register
variable. Equation 12 is similar to equation 10,
unit prices are a function of speed and the time
trend variable. Equation i uses MIPS as the speed
measure, and equation 2 uses Speed as the speed
measure. Year has a highly significant negative
coefficient that is consistent with declining prices
over time (this result holds for all the other equations as well). The "fits" of the equations as
measured by the summary statistics are already
reasonably good, and all the coefficients of the
variables have highly significant t-test statistics.
MIPS yields a slightly better fit than Speed.
In equations 3 and 4, which are counterparts
to equations i and 2, Register was added as an
explanatory variable. Its coefficients are positive, a result that is consistent with increased unit
prices. The summary statistics improve somewhat, and the t-test statistics for each variable's
coefficients are highly significant. Again, MIPS
yields a slightly better fit than Speed.
Equations 5 and 6 incorporate all the nondummy measures of chip performance. The
R-bar squares improve, but the F-test statistics
decline somewhat, reflecting the larger number
of explanatory variables. In equation 5, the coefficient of Cache is insignificant; moreover, it
is negative, a result that is inconsistent with increased unit prices. Speed yields a slightly better
fit than MIPS.
Equations 7 and 8 incorporate the dummy
variables that describe the performance characteristics of microprocessors. All of the dummy
variables' coefficients have significant t-test statis-
Table 8.—Hedonic Regressions for 80x86 Microprocessors, 1985-94
Equation number
1
Log(Speed)
Log(MIPS)
Log(Register)
2
3
2 88881
(17.9)
1 21178
(190)
4
5
Lod(Bus)
1 75624
(5.7)
0 62346
(2.3)
Log(Transistor)
-01159
0 84904
(2.2)
0 32671
(17)
0 05489
(42)
0 03644
001099
(0.4)
-0 24272 -0 33258 -020617 -0 23786 -0 23322 -0 30509 -0.22026
(8.4)
(11.6)
(9.9)
(7.1)
(6.0)
(7.2)
(6.0)
(04)
Year
(30)
0 46221
(22)
Cache
1 03812
(3.1)
0 75728
(16)
Aqe
Coprocessor
1.07509
(6.2)
0.76248
Support
(52)
Multitask
Constant
24.202
(6.7)
25.8223
(6.7)
14.1657
(5.0)
13.4625
(3.7)
15.2709
(5.9)
20.4055
(7.0)
1 42498
(4.3)
17.7464
(9.1)
R-bar square
F-test statistic
08565
212.9
(2,69)
08406
188.1
(2,69)
09286
308.9
(3,68)
08984
210.2
(3,68)
0.9410
189.8
(6,65)
0.9449
203.9
(6,65)
0.9733
289.1
(9,62)
NOTE.—The dependent variable is the natural logarithm of the unit price of an 80X86 microprocessor.
9
046413
(3.0)
(27
(44)
2 38626
(6.3)
8
022524
048408
(91)
7
099176
(5-0)
1 52999
(6.1)
069201
2 32770
(8.4)
6
014523
(0.4)
0 34673
(19)
10
0 47581
(3.4)
012350
(1.4)
1 44337
(3.4)
0 09800
(05)
1 03003
(2.5)
0 02410
(01)
11
0 48465
(3.4)
12
0 47740
(3.5)
1 04219
(26)
034619
(19)
012139
0 10362
0 14326
014101
(1 1)
(1 7)
(14)
(1 4)
0.10921
0 06358
0 06732 0 10882
(4.1)
(41)
(22)
(31)
(2.0)
-025173 -0.41138 -0 49226 -0 25358 -0.49549
(8.7)
(5.7)
(7.8)
(11.8)
(11.3)
0.21830
0.27060
0.27442
(4.0)
(4.6)
1 09237 0.87284
0.87214
0.87492
0.84618
(4.7)
(5.2)
(5.0)
(6.6)
0.73808
1.71035
0.73860
1 72643
1.59025
(6.2)
(50)
(51)
(7.1)
(4.8)
2 70367
1 82437 2.72775
1 74107 2.36798
(9.1)
(5.7)
(5.1)
(7.5)
(8.8)
21.1432
38.0158
21.6911
31.1581
38.2782
(8.2)
(6.0)
(12.6)
(9.3)
(9-2)
0 12684
(1 4)
0 05754
0.9739
295.8
(9,62)
0.9759
288.5
(10,61)
0.9791
333.8
(10,61)
0.9743
337.4
(8,63)
0.9794
376.9
(8,63)
SURVEY OF CURRENT BUSINESS
2O • February 1998
but it excludes the statistically insignificant Bus
variable. Excluding the insignificant variables has
little effect on the coefficients of the remaining
variables, and it improves the summary statistics
slightly.
The equation specification that uses Speed as
an explanatory variable is preferred to the one
using MIPS. In addition, ratings for speed (in
megahertz), but not for MIPS, are available for
the 68oxo microprocessors, and it seemed advantageous to make the equations for the two lines
of microprocessors as similar as possible.
Equation 11 was selected as the starting point
for the final regression equation that would be
the basis for the hedonic price index work. Next,
dummy variables were substituted for the Year
time trend for each year. As a result of this substitution, the t-test statistics for Cache and Support
fell below i.o. The time dummy variables have
increasingly negative coefficients, consistent with
price declines over time. The final estimated
regression is
log(Price) =
0.72368 *log(Speed)
(4.7)
+0.48027 * log(Transistor)
(6.2)
+1.28774* Multitask
(6.2)
-0.23317 *D87
(1.0)
-0.50193 *D89
(2.2)
-1.22490 *D91
(5.2)
-1.97719 *D93
(7.7)
-1.56854
(1.6)
R-bar square = 0.9680
F (14,57) = 154.4
+0.33233 * log(Bus)
(1.6)
+0.87170 * Coprocessor
(5.7)
-0.12929*^86
(0.5)
-0.22704 *D88
(1.0)
-1.003384 *L>90
(4.6)
-1.64202 *D92
(6.6)
-2.23826* £94
(8.2)
(In the equation, the variables labeled as Dyy
are the time-related dummy variables; yy is the
year of the observation.)
Regressions for 68oxo microprocessors
Next, experiments were conducted with the data
set for 68oxo microprocessors. The data set had
a total of 48 observations available, ranging from
i observation in 1985 to 8 observations in 1990.
Data were available for 8 types of 68oxo microprocessors, classified by clock speed. Like
the data set for 80x86 microprocessors, this data
set did not track all speeds of a given type of
microprocessor in all periods, but there were a
number of overlaps. For microprocessors that
were introduced in 1985-94, price data were available beginning with the year after the year of
introduction.
The following 10 explanatory variables were
used for the regression experiments:
Speed Internal clock speed, in megahertz
Bus Bus interface width, in bits (this is similar to
but not identical with the Bus measure used
for 80x86 microprocessors)
Memory Addressable memory, in number of bits
of address register width (see the formula for
80x86 microprocessors)
Year Year of observation (for example,
1990 = 90)
Age Number of years since the microprocessor
was introduced
Dcache Number of bits of data available in cache
memory, on the microprocessor chip
Icache Number of instructions that can be stored
in cache memory, on the microprocessor
chip
Pipeline Dummy variable for the existence of
pipeline logic operations on the chip; also
denotes the existence of a floating-point logic
circuit on the microprocessor chip: Yes = i,
no = o
Manage Dummy variable for the existence of an
external memory-management circuit on the
microprocessor chip: Yes = i, no = o
Manage-I Dummy variable for the existence of
an internal memory-management unit on
the microprocessor chip: Yes = i, no = o
The estimation process was largely the same
as that for 80x86 microprocessors, but it used
shortcuts based on the results of the 80x86 estimates. In particular, only the log-log functional
form was used. Because for the 68oxo microprocessors, Memory is perfectly correlated with Bus,
Memory was dropped as an explanatory variable.
Because of the high correlations among the explanatory variables, the number of variables that
could be included in the preferred equation was
even fewer than for the 80x86 microprocessors.
Table 9 shows a selected set of equations. In
equation i, the starting point of the experiments,
the unit price of the microprocessors is a function of Speed and Year. Equation 2 adds Bus
to the explanatory variable set. In these equations, as well as in most of the other equations
shown, the Year variable's coefficient is negative,
which is consistent with the pattern of declining
prices over time. As before, positive coefficients
for the performance variables are consistent with
the premise that additional features increase unit
prices. All t-test statistics in the two equations
SURVEY OF CURRENT BUSINESS
are highly significant, and the summary statistics
are reasonably good.
Equation 3 adds Pipeline, which has a high
t-test statistic and improves summary statistics.
However, Pipeline is highly correlated with other
explanatory variables and is never significant
when any of the others are added; as a result, it
is not used in any other equations in table 9.
Equations 4 and 5 add Dcache and Icache, respectively, to the explanatory variable set. The
coefficient of each of the cache variables is highly
significant, and each yields greater improvements
to the summary statistics than Pipeline. The two
cache variables have a correlation coefficient of
0.997, so it was not possible to get both of them
to be significant in the same equation. Dcache
turned out to be a slightly better explanatory
variable, so it is used in the preferred equation.
Equation 6 adds the two memory-management
circuit variables. All of the variables are highly
significant, and the summary statistics are quite
good. (Additional work showed that Manage is
significant without the inclusion of Manage-I, but
not conversely.) All of the performance variables'
coefficients are positive.
Equation 7 is similar to equation 4, but it adds
Age to the explanatory variable set. The coefficient of Age is negative, and it is about the same
size as the coefficient of Year in the other equations. In addition, the Year coefficient becomes
highly insignificant. This result is the reverse of
the results for 80x86 microprocessor prices; however, it is consistent with the pattern of prices
declining over time that results from price declines in prices of individual microprocessors as
their designs become older.
Equation 8 drops the Year variable and adds
the two memory-management variables; however, their coefficients are insignificant. The
summary statistics for this equation are similar
to those for equation 6.
Equation 6 was selected as the starting point for
the final regression equation that would be used
as the basis for the hedonic price estimates. Next,
the Year time trend was replaced by individual
dummy variables for each year. Unlike the corresponding equation for 80x86 microprocessors,
all of the performance-characteristic explanatory
variables from equation 6 were significant in
the resulting equation. In addition, substituting
Icache for Dcache did not affect the time dummy
coefficients to 5 decimal places or the summary
statistics to 4 places, but the t-test statistic for
Manage-I increased 0.5, to 8.3. The estimated
regression is
February 1998
•
21
log(Price) =
+0.97516 *log(Bus)
1.27102 *log(Speed)
(5.1)
(8.3)
+0.00098 * Icache
+0.89557* Manage
(8.1)
(5.8)
+1.5 5 735* Manage-I
-0.13063 *D86
(8.3)
(0.4)
-0.46500 *D87
-0.60028 * D88
(1.4)
(1.9)
-0.78569*089
-1.00557 *D90
(2.5)
(3.3)
-1.22273*091
-1.52591*092
(4.0)
(4.9)
-1.93050*093
-2.08266 *D94
(6.2)
(6.7)
-2.90252
(3.9)
R-bar square = 0.9637
F (14,33) = 90.2
Price indexes for 1985-94
The preferred hedonic equations—with year
dummy variables—were used to construct two
types of quality-adjusted price indexes for the
80x86 and the 68oxo microprocessors. The first
type was a "regression" price index. In regression
indexes, the coefficients of characteristics and of
the year dummy variables are used to construct
a price index. As Cole and others have noted,
regression indexes are unweighted and may therefore produce different results than alternative
methods.25 The second type was a "composite"
price index. Composite indexes use prices in
a matched-model framework. Actual microprocessor prices are used when they are available;
otherwise, hypothetical prices based on equation
25. See Cole, et al., 48-49.
Table 9.—Hedonic Regressions for 680x0 Microprocessors, 1985-94
Equation number
Explanatory variable
Log(Speed)
Loa(Bus)
Year
Age .
Dcache
Icache
Pipeline
Manaae
Manage-I
Constant
R-bar square
F-test statistic
1
2
3
4
5
6
7
8
1.64466 1.25183 1.28761 1.33620 1.33742 1.22620
(3.5)
(3.4)
(6.1)
(3.9)
(6.0)
(6.1)
.46449
2.23686 2.41715 2.34678 1.02843
.31417
(6.3)
(5.8)
(3.5)
(1.4)
(4.8)
(1.0)
-0.30897 -0.27285 -0.27589 -0.25642 -0.25489 -0.24755 -0.01279
(7.7)
(8.2)
(12.5)
(0.4)
(6.1)
(5.8)
(7.3)
-0.24101 '^24755
(8.1)
(12.5)
0.00043
0.00033
0.00020
(76)
(8.4)
(4.8)
' (4-0)
000126
(6.9)
1 46224
(5.0)
0.90321
0.16057
(6.3)
(1.0)
1.48509
(8.4)
' (0-2)
21.7361 16.2533 16.7477 15.3848 15.3633
1.12248 0.41510
(5.6)
(5.2)
(10.3)
(3-9)
(5.0)
(5.3)
(0.5)
(0.7)
3.60632
(12.4)
2.24665
(4.5)
1.83498
0.7641
0.8045
0.8731
77.1
65.5
81.9
(2,45)
(3,44)
(4,43)
0.9150
127.4
(4,43)
0.9057
113.9
(4,43)
0.9672
231.9
(6,41)
NOTE.—The dependent variable is the natural logarithm of the unit price of a 680X0 microprocessor.
0.9660
267.8
(5,42)
0.9627
231.9
(6,41)
SURVEY OF CURRENT BUSINESS
22 • February 1998
values (that is, estimated prices based on the
year and the microprocessor's characteristics) or
on conventional interpolation and extrapolation
techniques are used.
The price indexes presented in this article differ in concept from those developed by Cole and
others because these indexes are chain-type indexes rather than indexes with fixed base-period
weights. The chain-type-index approach for
preparing composite indexes requires fewer estimated prices than approaches with base-period
weights. In the calculation of the composite indexes for 80x86 microprocessors, 32 percent of
the unit prices were estimates based on the final
hedonic regression equation, and an additional
10 percent were extrapolated or interpolated using conventional techniques. In the calculation
of the composite indexes for 68oxo microprocessors, the figures were 7 percent and 9 percent,
respectively.
80x86 price indexes.—Table 10 shows four price
indexes for 80x86 microprocessors for 1985-94.
In 1985-94, the regression price index declines at
an average annual rate of 22 percent. It declines
sharply in most years but registers a small increase in 1988. The rates of decline peak at 41
percent in 1990 but continue to decline rapidly
thereafter.
The other three indexes are chain-type price
indexes. The Laspeyres and Paasche indexes are
shown largely as background information. The
Fisher index is featured in this article, as it is
in the NIPA'S. In 1985-94, the Fisher index de-
clines at an average annual rate of 27 percent. It
declines less in 1987 and 1988 than in the other
years, but the pattern is much less emphatic than
that shown in the regression index. The sharpest
decline is 39 percent in 1994, and there is no
apparent deceleration of the index.
68oxo price indexes.—Table 11 shows four price
indexes for 68oxo microprocessors. In 1985-94,
the regression price index declines at an average
annual rate of 21 percent. The index declines substantially in all years, including 1988. This index
shows considerably more year-to-year fluctuation
than the regression index for 80x86 microprocessors. The smallest decline is 12 percent in 1986,
and the largest decline is 33 percent in 1993.
The Fisher chain-type price index declines at
an average annual rate of 23 percent in 1985-94.
Its rate of decline exhibits considerable year-toyear volatility. The smallest decline is 15 percent
in 1994, and the largest decline is 38 percent in
1993.
Extension to 1995-96
As with memory chips, price and quantity data
for 1995 and 1996 became available after the
regression experiments were completed. The regression experiments were not repeated with a
longer sample period, because the most recently
introduced microprocessors have performanceenhancing characteristics that are not in the exTable 11—Price Indexes for 680x0 Microprocessors
Table 10.—Price Indexes for 80x86 Microprocessors
Year
Regression
index
Chain indexes
Laspeyres
Paasche
Year
Fisher
Regression
index
Levels [1992=100]
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
5.11
4.49
4.05
4.08
3.10
1.82
1.50
1.00
0.71
0.55
6.11
4.15
3.77
3.39
2.57
1.86
1.54
1.00
0.71
0.37
7.79
5.01
4.50
4.00
2.92
1.88
1.55
1.00
0.72
0.43
Paasche
Fisher
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
4.60
4.04
2.89
2.52
2.10
1.68
1.35
1.00
0.67
0.57
-9.9
-9.1
0.6
-24.0
-41.3
-17.4
-33.4
-29.2
-23.0
-10.0
-24.3
-27.5
-17.2
-35.2
-28.9
-48.0
-17.1
-36.1
-27.7
-29.7
-35.7
-10.1
-11.3
-26.9
-35.8
-17.2
-35.6
-28.3
^39.5
Average:
1985-94
-22.0
-26.8
-28.1
-27.4
-39.1
-11.0
-12.6
-29.4
^3.2
6.81
5.74
3.87
3.14
2.57
1.90
1.39
1.00
0.60
0.51
4.78
3.93
2.90
2.53
2.12
1.75
1.30
1.00
0.65
0.55
5.71
4.75
3.35
2.82
2.33
1.82
1.35
1.00
0.62
0.53
Percent change from previous year
1986
1987
1988
1989
1990
1991
1992
1993
1994
-32.1
Laspeyres
Levels [1992=1. 00]
9.93
6.04
5.38
4.71
3.32
1.89
1.56
1.00
0.72
0.51
Percent change from previous year
-12.1
Chain indexes
1986
1987
1988
1989
1990
1991
1992
1993
1994
-12.2
-28.4
-12.7
-16.9
-19.7
-19.5
-26.2
-33.3
-14.1
-15.8
-<32.5
-18.8
-18.4
-26.0
-26.8
-28.0
-39.8
-15.6
-17.8
-26.2
-12.7
-16.4
-17.4
-25.5
-23.3
-35.2
-15.3
-16.8
-29.4
-15.8
-17.4
-21.8
-26.1
-25.7
-37.6
-15.4
Average:
1985-94
-20.7
-25.1
-21.4
-23.2
SURVEY OF CURRENT BUSINESS
planatory variable set used for 1985-94.26 Adding
2 more years of observations was not sufficient to accurately estimate the values of these
characteristics. As a result, the "missing" prices—
that is the prices for which 1995-96 data were
not available—were estimated using conventional
interpolation and extrapolation techniques.
As shown in the following tabulation, the
prices of microprocessors continued to decline in
1995-96. For 80x86 microprocessors, the Fisher
chain-type price index drops especially sharply,
registering much larger rates of decline than those
in previous years. This drop reflects very large
declines in unit prices for the various types of
80486 and Pentium microprocessors. For 68oxo
microprocessors, the Fisher chain-type price index declines at about the same rate in 1995 as
in 1994 and then declines more rapidly in 1996.
The sharp 1996 decline reflects large decreases in
unit prices for the 68040 and the various PowerPC microprocessors. Thus, for both lines of
microprocessors, the sharp rates of decline are
associated with the newest, most technologically
advanced microprocessors.
Microprocessor Price Indexes
[Percent change]
80x86
-698
-633
1995
1996
680x0
-142
-329
Summary price index
A summary Fisher chain-type price index for
both types of microprocessors was constructed
using the two individual Fisher chain-type price
26. Only one price observation on a Pentium microprocessor was in
the data set used to estimate the hedonic regressions for the 80x86
microprocessors.
Table 12.—Summary Price Index for Microprocessors
[1992 = 1.00]
Year
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
Average:
1985-96
indexes. The summary index uses current-dollar
shipment weights based on unit prices and quantities of shipments from the data set. The weight
for 80x86 microprocessors ranges from a low of
80 percent in 1989 to a high of 93 percent in 1994.
The summary Fisher chain-type price index
for microprocessors declines at an average annual
rate of 35 percent in 1985-96 (table 12). It also
fluctuates considerably from year to year. The
smallest decline is 12 percent in 1988, and the
largest declines are 66 percent in 1995 and 60 percent in 1996. In comparison, the summary price
index for memory chips declines at an average
annual rate of 18 percent in the same period; the
rates of change vary from a decline of 53 percent
in 1985 to an increase of 16 percent in 1988.
Semiconductor Price Indexes in the NIPA'S
The price indexes for semiconductors play a
modest role in the calculation of real gross domestic product (GDP). Most semiconductors are
used as intermediate inputs and are netted out
before the various real product-side components
are calculated. However, exports and imports of
semiconductors are separately identifiable components of GDP beginning with 1981. As part
of the comprehensive revision of the NIPA'S that
was released in January 1996, the semiconductor price indexes described in this article were
used in calculating real exports and imports of
semiconductors. In the annual NIPA revision
that was released in July 1997, these price indexes
were revised and extended for use in calculating
real exports and imports of semiconductors for
1993-96.
The price indexes for semiconductors play a
significant role in the estimates of real gross product originating by industry. They affect both the
real output of the industry in which semiconductors are produced and the real intermediate
inputs of semiconductors into the industries that
use them to make other products.
Exports and imports
Percent change from
previous year
Index
724
4.89
4.27
3.77
281
1 87
1 53
1.00
0.71
044
0.15
0.06
-32.4
-12.8
-11.8
-25.4
-33.3
-18.5
-34.5
^-29.1
-44.2
-65.6
-60.1
-35.3
The price indexes for exports and imports of
semiconductors for 1993-96 are based on BEA'S
price indexes for memory chips and microprocessors and on the producer price index (PPI) for
semiconductor dice and wafers. The estimates
for 1981-92 are also based on BEA'S price indexes,
but the methodology was somewhat simpler and
was based on the less complete information that
was available at the time of the comprehensive
revision of the NIPA'S.
February 1998 •
23
SURVEY OF CURRENT BUSINESS
24 • February 1998
Differences between the estimates of export
prices and import prices of semiconductors reflect differences in the relative importance of the
two types of semiconductors in exports and imports. Microprocessors are more important than
memory chips in domestic production and exports, whereas memory chips are more important
than microprocessors in imports. In addition,
exports include substantial numbers of domestically produced silicon wafers and semifinished
semiconductor dice that are shipped abroad for
further manufacturing, testing, and packaging;
imports contain fewer numbers of dice and
wafers.
The price weights used for exports of semiconductors are roughly as follows: One-quarter
for semiconductor dice and wafers, one-third for
memory chips, and the remainder—somewhat
less than half—for microprocessors. The price
weights used for imports of semiconductors are
roughly as follows: Somewhat less than onetenth for semiconductor dice and wafers, threequarters for memory chips, and the remainder
for microprocessors. These weighting schemes
are based on the implicit assumption that the
prices of other types of semiconductors follow
the same patterns as the prices of the types of
semiconductors used to calculate of BEA'S price
indexes.
In 1992-96, the price index for microprocessors, which are relatively more important in
exports, declined somewhat more rapidly than
CHART 2
Semiconductor Price Indexes
(1992MX30)
10,0
Memory chips
Microprocessors
1.0,
0,10
0,01
I
1985
I I
1967
I I
1009
I I
1991
I
1993
US, Department of Commerce, Bureau of Economic Analysis
I I
1995
the price index for memory chips, which are
relatively more important in imports (chart 2).
However, because of the heavier weight of semiconductor wafers and dice—whose prices have
declined less rapidly than those of finished
semiconductors—in the exports index, the average rates of decline in the exports and imports
price indexes were about the same. Using the new
price indexes raises the average annual growth
rates of real exports and imports of semiconductors in 1985-94 by roughly equal amounts relative
to the previous estimates.
Quarterly estimates.—Two different quarterly indicator series are used to interpolate between and
extrapolate from the annual estimates for semiconductors; both series are based on price indexes
published by the Bureau of Labor Statistics. For
exports, the indicator series used is a weighted
sum of detailed PPI'S for selected semiconductors. For imports, the indicator series used is the
International Price Project index for imports of
semiconductors.
Gross product originating in the semiconductors
industry
The price indexes described in this article were
also incorporated into the gross product originating (GPO) estimates of real industry gross
output and real intermediate inputs for 1977-96.
For gross output, the indexes were weighted
together with appropriate PPI'S in order to develop a composite deflator that covered all the
products of the semiconductor manufacturing
industry. For intermediate inputs, the same
composite deflator was used for estimating the
purchases by other industries of domestically
produced semiconductors. In addition, the price
index for imports of semiconductors was used for
imported semiconductor inputs.
In particular, the incorporation of the semiconductor price indexes directly affected the
estimation of the real output of the industry
that produces semiconductors, the electronic and
other electric equipment industry. The real
growth rates for both semiconductor output and
intermediate inputs were revised up substantially,
especially after 1992. In turn, both real gross output and GPO in the electronic and other electric
equipment industry were revised up. In industries where GPO is calculated by double deflation
and where intermediate inputs of semiconductors
are significant, real GPO was revised down, but
real gross output was unrevised. £g|
SURVEY OF CURRENT BUSINESS
February 1998
Personal Income by State and Region,
Third Quarter 1997
By Duke Iran
The quarterly
estimates of State
personal income
are prepared by the
Regional Economic
Measurement
Division.
N THE third quarter of 1997, U.S. personal
income increased $77.8 billion (table A).1
Three-fifths of the increase was accounted for
by three regions—the Southeast, the Far West,
and the Mideast (chart i). Within these regions,
the increase in personal income was largely accounted for by these States: Florida, Georgia, and
Virginia in the Southeast; California in the Far
West; and New York and Pennsylvania in the
Mideast.
i. The estimate of personal income for the Nation is derived as the sum
of the State estimates; it differs from the estimate of personal income in the
national income and product accounts (NIPA'S) because, by definition, State
personal income omits the earnings of Federal civilian and military personnel
stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. This estimate can also differ from the NIPA estimate because
of different data sources and revision schedules.
About three-fourths of the $77.8 billion increase
in U.S. personal income was in net earnings,
which increased $57.2 billion.2 Dividends, interest, and rent increased $12.0 billion, and transfer
payments increased $8.7 billion.
U.S. earnings increased in each major industry
except farming (table B). More than half of the
increase was accounted for by services and by
finance, insurance, and real estate.
More than three-fifths of the increase in
U.S. earnings in services was accounted for by
the Southeast, Far West, and Mideast regions.
2. Net earnings by place of residence is earnings by place of work less
personal contributions for social insurance plus an adjustment for residence.
Earnings by place of work is the sum of wage and salary disbursements
(payrolls), other labor income, and proprietors' income.
Table A.—Personal Income by Component: Dollar Change, 1997:11-1997:111
[Millions of dollars]
Personal
income
United States
Net
earnings Dividends,
by place interest,
and rent
of
residence l
77,841
8,705
4,116
1,485
297
221
2,426
1,839
363
260
819
225
46
410
67
432
124
30
177
37
270
181
iqo
37
qc
53
17Q
14,299
10,435
2,227
312
148
250
105
1,507
Mideast
Delaware
District of Columbia
Maryland .. ..
New Jersey
New York
Pennsylvania
11,970
1,834
,
57,166
5,367
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
1,046
40
21
251
454
929
532
2801
2146
6560
4832
2,055
2,971
Great Lakes
Illinois
Indiana
Michigan
Ohio .
Wisconsin
9,851
3,911
1,184
1,209
2,119
1,428
6,759
2,930
Plains
Iowa
Kansas
Minnesota
Missouri
19
1,636
22
21
209
201
799
385
1,197
..
376
174
247
290
111
4,268
,
1,395
1,086
606
224
399
434
232
3,028
738
503
242
628
98
436
1,285
666
368
77
136
207
241
35
66
56
99
202
51
1590
1,109
785
563
Nphraska
Mnrth Dakota
AZA
•J7C
South Dakota
70
1^1
24
16,725
11,643
Southeast
1,895
°n
22
2,706
Personal
income
Transfer
payments
q
25
2,375
1. Net earnings by place of residence is earnings by place of work—the sum of wage and
salary disbursements (payrolls), other labor income, and proprietors' income—less personal con-
Alabama
Arkansas
Florida
f^pflmifl
Kentucky
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia .. .
Southwest
Arizona
New Mexico
Oklahoma
Texas
Rocky Mountain
Colorado
Idaho
Montana
Utah
Net
earnings Dividends, Transfer
by place interest, payments
of
and rent
residence l
787
65
4 g99
2 78$
492
-88
140
74
154
78
3 208
876
qoq
R1fi
oqo
828
ceo
poo
i) OOq
1 190.
462
290
646
806
977
1,231
1 060
1,359
1,998
1,477
327
230
8,947
6,878
1,547
1,153
317
194
905
1 112
5971
4626
2825
2184
1 392
1 047
409
124
329
72
768
15,559
17 A
63
317
128
190
300
42
108
269
126
190
221
56
1,093
236
55
102
700
406
227
48
976
158
68
104
645
235
118
qq
*U
•10
644
70
54
QA
10.1
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
•IOC
19fi
07
£/
•4 •)
11
1,351
10
1,025
43
64
94
115
12,122
2,085
190
156
10,922
8,460
24
1,437
258
691
948
165
504
688
2,549
2,148
tributions for social insurance plus an adjustment for residence.
50
123
165
286
SURVEY OF CURRENT BUSINESS
26 • February 1998
Table B.-Earnings by Place of Work: Dollar Change by Industry, 1997:11-1997:1
[Millions of dollars]
Total
earnings
by place
of work
Agricultural
services,
forestry,
and fishing
Farm
Construction
Mining
Durable
goods
manufacturing
Nondurable
goods
manufacturing
Transportation and Wholesale
trade
public
utilities
Retail
trade
Finance,
insurance,
and real
estate
Services
Government
United States
60,712
-2,488
44
2,171
4,219
2,146
4,546
4,300
6,148
9,486
23,185
5,812
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
4,284
1 515
229
230
168
141
18
13
5
4
-2
-1
0
52
16
6
19
5
3
1
-1
0
0
-2
1
0
-1
65
85
30
-29
-19
0
0
314
147
-16
167
-5
-35
54
69
60
-19
9
-15
8
25
193
59
11
76
36
15
-3
370
129
22
176
21
15
7
520
145
44
236
67
23
6
819
249
40
457
29
31
13
1,543
493
83
761
83
97
27
322
118
23
127
29
13
12
11,115
307
219
994
2025
5,445
2,123
-1
6
0
4
3
2
-15
126
2
10
17
28
36
34
-1
0
0
-3
-1
-5
8
324
17
-10
-39
58
302
-4
612
82
0
-37
173
317
78
438
-9
21
57
-88
368
88
643
28
8
57
142
270
138
711
5
1
98
199
262
144
1,004
12
14
110
192
442
235
2,326
86
39
156
355
1,385
304
4,055
64
184
406
916
1,719
766
876
13
-49
168
48
348
348
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
7,054
3,119
798
558
1,462
1,117
-19
-17
-15
-3
20
-5
145
42
18
35
32
18
-50
-22
-6
-20
-2
-1
534
144
53
172
105
61
661
208
49
168
171
64
845
176
122
221
211
115
1,254
536
121
152
287
158
3,073
1,214
297
521
644
397
1,063
553
89
-45
408
57
Plains
Iowa
Kansas
.
...
. .
Minnesota
Missouri .
.
. . . .
Nebraska
North Dakota
South Dakota
3,312
125
467
1,401
696
419
168
36
78
13
11
14
18
12
3
6
2001
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
-556
-424
28
-203
-20
-123
4
-117
1,142
124
-99
26
-683
-389
141
224
58
97
-88
72
84
-11
2
-3
-8
-4
2
-3
3
110
-51
20
17
89
-16
33
18
498
181
-15
252
-14
61
12
19
343
45
63
191
4
56
-1
-15
271
48
26
79
37
72
10
1
263
10
46
124
8
61
13
0
393
75
83
96
85
28
11
16
644
80
70
196
195
59
19
24
1,032
105
112
399
178
132
45
61
545
42
24
245
119
74
24
18
0
5
-2
4
0
-30
53
1
0
0
6
-5
-30
393
-38
13
139
72
-16
27
34
18
45
104
-23
18
579
16
23
194
-30
153
57
63
5
83
111
23
250
-10
12
13
-35
36
33
-44
135
46
60
1
5
1,221
63
27
254
410
5
107
15
84
37
25
183
10
890
53
21
215
230
29
38
18
60
25
59
124
19
1,488
65
51
453
303
35
58
31
17
105
97
253
20
1,837
92
33
553
330
72
81
11
235
71
121
223
17
5,406
255
74
1,469
1,002
253
221
98
645
224
434
625
107
1,366
78
50
201
184
175
61
129
45
268
27
99
51
-45
46
-142
-631
183
116
12,421
508
-72
3,415
2380
603
872
293
724
849
1 029
1,578
241
-1,288
-86
11
-7
-40
-2
280
18
12
82
37
14
13
10
34
13
20
26
3
Southwest
Arizona
New Mexico
Oklahoma
Texas
7,283
1 222
204
964
4,893
-36
-8
-38
8
2
126
31
7
10
79
70
12
0
1
57
272
73
26
10
162
572
200
10
345
16
249
5
-12
46
210
835
70
17
92
656
514
46
9
31
427
664
148
42
52
422
901
196
17
59
628
2,615
470
102
197
1,845
501
-22
22
114
387
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
2,305
1 105
344
73
684
99
-5
-10
4
-7
-2
10
48
25
9
4
8
2
9
2
-7
7
5
2
198
7
27
26
119
19
407
305
87
0
10
4
87
-38
54
-13
71
12
127
44
32
0
49
4
128
69
15
5
33
7
213
138
-19
21
55
17
267
161
21
15
60
10
651
269
87
42
228
24
174
130
35
-26
48
-13
286
9
204
3
11
28
32
28
45
-10
0
-5
3
-3
853
8
642
-27
43
123
63
1,870
-1
1,175
-5
-12
-19
731
486
-25
362
-22
1
20
150
719
19
507
35
47
17
95
764
6
546
12
32
39
130
1,021
34
617
6
73
100
192
1,441
16
1,094
32
66
91
142
4,810
40
3,496
57
254
282
682
964
26
615
81
36
51
154
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Far West
Alaska
California
Hawaii
Nevada . . . .
Oregon
Washington
-383
-159
-33
62
28
-67
-612
12,939
178
9011
. . .
-303
-239
173
542
734
2,301
-1
2
1
0
-67
-119
SURVEY OF CURRENT BUSINESS
CHART 1
Personal Income: Dollar Change for
Regions as a Percent of the U.S. Dollar
Change, 1997:11-1997:111
(U.S. dollar change=$77.8 billion)
Southwest (11.5%)
Great Lakes (12.6%)
New England
(6.9%)
Plains (5.5%)
Rocky
Mountain
(3.6%)
Mideast
(18.4%)
Southeast (21.5%)
Far West (20.0%)
US. Department of Commerce, Bureau of Economic Analysis
Within these regions, the increase was largely accounted for by these States: Florida, Georgia, and
North Carolina in the Southeast; California in
the Far West; and New York and New Jersey in
the Mideast.
Nearly three-fifths of the increase in U.S. earnings in finance, insurance, and real estate was
accounted for by the Mideast, Southeast, and Far
West regions. Within these regions, the increase
was largely accounted for by these States: New
York in the Mideast; Florida, Georgia, and North
Carolina in the Southeast; and California in the
Far West.
Table i at the end of this article presents the
quarterly estimates of personal income for each
State and region, beginning with the first quarter
of 1995. Table 2 presents the quarterly estimates of personal income by major source and
of earnings by Standard Industrial Classification division, beginning with the first quarter
of 1996.
Personal Income: Percent Change, 1997:11 -1997:111
UNITED STATES
Fastest growing States
|
I
US. Department of Commerce, Bureau of Economic Analysis
| Slowest growing States
I All other States
February 1998 •
27
28 • February 1998
SURVEY OF CURRENT BUSINESS
Newly Available Estimates for States and Local Areas
The release of State personal income for 1929-57 on
January 7, 1998, completed the comprehensive revision
of State personal income. For 1929-57, estimates are
available for personal income, per capita personal income, personal income by type of income payment,
and earnings and wages and salaries by broad industry
group. For 1948-57, estimates are available for disposable personal income, per capita disposable personal
income, personal tax and nontax payments by level
of government and by type, and transfer payments by
major program.
On December 30, 1997, the estimates for 1996 of
wage and salary disbursements by place of work, wage
and salary employment, and average wages per job for
counties and metropolitan areas were released; the release of the full set of estimates of personal income for
local areas is scheduled for May 4, 1998.
These newly released estimates are available on BEA'S
Internet site. Go to <http://www.bea.doc.gov>, and
select "Data" under the "Regional" heading.
Fastest and slowest growing States
The rate of growth in personal income in the
Nation in the third quarter was 1.1 percent,
compared with a 1.2-percent growth rate in the
second.3 In all States except Arkansas, the thirdquarter growth rates in personal income exceeded
or equaled the o.4-percent rate of increase in
prices paid by U.S. consumers (as measured
3. In this article, the percent changes are at quarterly—not at annualrates.
by the price index for personal consumption
expenditures).
By State, the growth rates in personal income
ranged from 1.8 percent in Utah to o.i percent
in Arkansas. The States with the fastest rates
of growth in personal income were the western States of Utah (1.8 percent), Washington (1.7
percent), and Idaho (1.7 percent) (chart 2).
In Utah, the major contributors to the growth
in personal income were earnings in services,
construction, and nondurable goods manufacturing (table B); the growth in construction reflected statewide road reconstruction. In Washington, the major contributors were earnings in
durable goods manufacturing and services; the
growth in durable goods manufacturing reflected
strength in the aircraft industry. In Idaho, the
major contributors were earnings in services,
durable goods manufacturing, and nondurable
goods manufacturing; the growth in durable
goods manufacturing reflected strength in the
electronic and other electric equipment industry.
The States with the slowest rates of growth
in personal income were Arkansas (o.i percent), Iowa (0.4 percent), and South Dakota (0.4
percent). In all three States, the major contributor to the slow growth was a decline in farm
earnings. In addition, earnings declined in mining in Arkansas, in construction in Iowa, and
in nondurable goods manufacturing in South
Dakota.
Tables i and 2 follow,
SURVEY OF CURRENT BUSINESS
February 1998
Table 1.—Personal Income by State and Region
[Millions of dollars, seasonally adjusted at annual rates]
1995
Area name
I
II
III
IV
1
II
Percent change2
1997
1996
III
IV
I'
II'
\\\P
6,040,235 6,102,138 6,166,454 6,242,674 6,344,946 6,446,004 6,526,017 6,602,689 6,730,234 6,813,111 6,890,952
1997:11997:11
1997:111997:111
1.2
1.1
412,469
119,092
27,668
193,262
32,896
25,600
13,952
1.0
1.0
1.1
.8
1.7
.9
1.0
1.3
1.6
1.1
1.3
1.1
1.1
1.3
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
..
1,186,541 1,194,849 1,203,961 1,216,140 1,237,524 1,251,871 1,264,426 1,280,913 1,304,447 1,311,683 1,325,982
20,252
18,424
18,823
19,208
19,552
19,842
20,806
20,858
18,573
20,735
21,170
18,097
18,444
18,299
18,629
18,787
19,046
17,979
17,999
18,011
18,980
19,128
142,657 145,585
146,772 148,279
134,073 135,171
137,621
139,245
140,748
132,435
133,396
239,921
238,211
242,202 245,984 249,308
251,460 254,430 259,568 260,234 263,035
235,873
502,971 507,122 512,336 522,825 527,239
532,396 540,159 550,752 552,885
500,818
559,445
297,938 300,941
308,691 311,954 314,925
304,145
281,013 283,700 286,012 289,126 293,099
.6
.2
0
.8
.3
.4
1.1
1.1
1.5
.8
1.0
1.1
1.2
1.0
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
1,011,205 1,016,414 1,025,335 1,037,991 1,050,678 1,067,473 1,080,212 1,088,807 1,107,241 1,118,858 1,128,709
299,874 302,507 306,538 311,898 316,298 320,221 323,827 329,728
334,795 338,706
297,953
131,434
125,840
127,120
133,113
137,946
125,000
125,260
128,813
134,643 136,273
139,130
229,862 232,862 235,014 238,849
241,129 242,326 246,604 246,771 247,980
228,072
227,381
252,041 254,992 257,084 261,194 264,418 265,610 270,378
247,297 249,836
273,296
275,415
119,697
124,257
112,884
121,331
122,402
126,050
114,063 115,086 116,480 117,869
127,478
1.0
1.5
1.2
.1
1.1
1.4
.9
1.2
.9
.5
.8
1.1
458,272
66,789
63,322
127,214
130,487
40,287
13,933
16,240
1.5
1.4
1.9
1.8
.8
1.3
1.9
2.5
.9
.4
1.0
1.3
.9
1,1
1.3
.4
1,315,532 1,330,900 1,346,689 1,366,123 1,384,840 1,409,188 1,427,939 1,443,187 1,472,789 1,490,004 1,506,729
83,247
82,531
84,122
85,655
86,740
88,998
90,587
80,849
81,643
87,568
89,800
45,284
44,711
46,153
47,567
50,187
46,329
48,005
48,995
50,252
44,006
48,436
330,072 334,334 342,159 346,800 351,320 355,118 362,557
322,062 325,801
366,848 371,547
178,647
168,023
170,891
172,857
176,818
154,451
181,433
156,103 158,784 162,162 164,063
72,972
76,525
77,707
80,934
72,417
74,008
75,075
79,899
81,762
71,560
78,235
82,912
88,374
83,917
85,273
83,053
86,111
86,892
89,748
90,871
81,220
81,823
45,387
47,627
48,188
49,263
44,797
46,079
46,721
48,402
50,109
50,571
44,325
161,859
170,544
148,917
153,258 156,724 158,014
163,920 166,616
172,999 174,230
151,505
70,483
74,607
77,602
69,827
71,511
72,080
73,495
75,377
76,809
78,662
69,009
112,222 113,817 114,441
116,169
117,626 118,806
121,368
122,635
123,994
111,021
109,635
160,764
162,642 165,259
167,219 169,444
171,277 175,302 176,238
157,790 159,368
178,236
32,021
33,864
32,392
32,976
34,258
31,708
31,885
32,659
33,381
33,603
34,585
1.2
.9
2.4
1.2
1.0
1.3
1.6
1.7
1.4
1.0
1.0
.5
1.2
1.1
.9
.1
1.3
1.6
1.0
1.3
.9
.7
1.4
1.1
1.1
1.0
United States '
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
.
361,426
104,157
24,630
168,247
28,839
23,121
12,433
.
.
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virainia
. . .
.
396,928
58,230
55,452
108,996
114,669
34,259
11,619
13,702
.
4
366,632
105,263
24,975
170,826
29,559
23,507
12,502
401,414
58,654
55,957
110,264
116,225
34,631
11,828
13,854
370,349
106,209
24,979
173,256
29,592
23,684
12,630
405,940
59,339
56,483
111,360
117,492
35,324
11,871
14,072
375,186
107,485
25,282
175,702
30,050
23,853
12,815
411,894
60,349
56,978
113,501
118,622
36,008
12,141
14,295
379,607
109,083
25,590
177,592
30,336
23,971
13,034
422,854
62,444
58,546
116,196
121,011
36,963
12,842
14,853
385,048
110,491
25,984
180,415
30,727
24,270
13,160
430,289
63,330
59,253
118,885
122,784
37,686
13,111
15,239
388,521
111,178
26,251
182,334
31,109
24,341
13,307
436,027
64,071
59,992
120,959
124,035
38,117
13,347
15,505
394,993
112,912
26,669
185,678
31,584
24,743
13,407
440,502
64,608
60,546
122,079
125,633
38,681
13,338
15,617
403,164
116,058
27,068
189,306
31,984
25,105
13,643
447,509
65,608
61,519
123,362
128,408
39,335
13,507
15,769
407,102
117,258
27,371
190,836
32,533
25,330
13,773
454,004
66,547
62,694
125,624
129,378
39,833
13,758
16,170
Southwest
Arizona
New Mexico
Oklahoma
Texas
568,008
85,300
30,231
60,341
392,135
576,315
86,460
30,580
61,041
398,234
584,361
88,345
31,009
61,604
403,402
592,619
89,968
31,304
62,385
408,962
603,099
92,200
31,823
63,239
415,838
613,576
93,851
32,152
64,273
423,301
623,327
95,623
32,367
65,003
430,334
630,151
96,709
32,526
65,541
435,376
645,366
99,123
33,301
67,017
445,924
656,488
100,860
33,837
67,547
454,244
665,435
102,407
34,154
68,659
460,215
1.7
1.8
1.6
.8
1.9
1.4
1.5
.9
1.6
1.3
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
172,902
89,985
21,944
15,891
35,196
9,885
174,647
90,804
22,135
16,029
35,701
9,977
177,649
92,494
22,446
16,250
36,388
10,072
180,764
93,779
22,945
16,456
37,378
10,205
183,459
95,749
23,112
16,566
37,856
10,177
187,084
97,514
23,581
16,788
38,848
10,354
190,154
99,191
23,795
17,017
39,697
10,453
192,566
100,578
23,877
17,213
40,397
10,501
196,311
102,455
24,354
17,294
41,520
10,687
199,637
104,393
24,760
17,536
42,153
10,795
202,462
105,785
25,169
17,660
42,921
10,926
1.7
1.9
1.7
1.4
1.5
1.0
1.4
1.3
1.7
.7
1.8
1.2
1,027,694 1,040,967 1,052,169 1,061,958 1,082,884 1,101,474 1,115,412 1,131,570 1,153,406 1,175,334 1,190,893
15,384
14,590
14,789
14,894
14,615
14,826
15,055
15,574
14,500
14,548
14,731
840,004 855,514
825,321
752,421
761,430 768,728 775,160 790,291 803,573 812,716
866,436
30,067
29,352
29,633
29,902
30,150
30,549
30,837
29,669
29,716
..
30,169
31,095
42,207
38,351
39,055
41,286
44,032
44,799
36,893
37,503
40,255
43,050
45,490
69,323
71,934
73,336
67,167
70,580
74,683
77,505
79,098
68,155
75,735
80,046
131,544 132,832
138,424
135,771
140,830 142,401
129,663
146,261
149,703 152,252
127,361
1.9
2.2
1.8
.9
1.7
2.1
2.4
1.3
1.2
1.3
.8
1.5
1.2
1.7
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
.
..
p Preliminary.
r
Revised.
1. The personal income level shown for the United States is derived as the sum of the State estimates. It differs
from the national income and product accounts (NIPA) estimate of personal income because, by definition, it omits
the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad ternporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision
schedules,
2. Percent changes are expressed at quarterly rates and are calculated from seasonally adjusted unrounded data.
SURVEY OF CURRENT BUSINESS
3O • February 1998
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
New England
United States
Item
Line
1996
1997
1996
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
6,344,946
6,302,835
42,111
49,033
6,602,689 6,730,234 6,813,111 6,890,952
6,553,152 6,680,685 6,759,984 6,840,313
53,127
49,537
50,639
49,549
Derivation of Personal Income
Earnings by place of work (line 12-16 or 17-34)
Less: Personal contributions for2 social insurance'
Plus: Adjustment for residence
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent3
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits .
4,441,995 4,526,759 4,582,201
307,752
300,024
304,576
-3,424
-^3,297
-3,375
4,138,674 4,218,808 4,271,025
1,153,180 1,162,440 1,182,632
1,053,092 1,064,756 1,072,360
20,804
22,444
21,628
1,030,648 1,043,128 1,051,556
4,641,597 4,725,608 4,787,585 4,848,297
320,837
311,016
317,710
324,320
-3,484
-3,638
^3,701
-3,558
4,327,097 4,404,340 4,463,110 4,520,276
1,194,204 1,218,792 1,233,114 1,245,084
1,081,388 1,107,102 1,116,887 1,125,592
21,092
21,654
21,092
21,487
1,060,296 1,085,448 1,095,400 1,104,500
259,848
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income 4
Proprietors'income
Farm
Nonfarm
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fishing and other5
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State and local
6,446,004 6,526,017
6,400,089 6,476,984
379,607
385,048
384,413
388,521
387,823
394,993
394,302
403,164
402,515
650
407,102
406,374
728
412,469
411,723
746
267,262
17,476
4,615
254,401
74,995
59,125
1,475
57,650
273,014
17,825
4,698
259,887
75,646
59,460
1,524
57,936
278,457
18,235
247,318
73,450
58,838
1,684
57,155
265,007
17,358
4,534
252,182
73,840
59,026
1,542
57,484
265,017
77,342
60,806
1,594
59,211
281,180
18,356
4,708
267,532
78,317
61,253
1,537
59,716
285,464
18,591
4,774
271,648
79,136
61,685
1,507
60,178
3,532,560 3,604,680 3,656,444 3,710,692 3,785,153 3,835,312 3,889,852
414,873
417,464
408,180
408,848
412,075
404,804
407,696
517,577
522,057
528,380
537,400
540,981
504,631
514,383
34,149
37,371
34,698
33,979
27,275
30,891
500,029
483,748
487,908
494,401
506,283
483,492
477,356
208,564
23,490
27,794
245
27,548
213,098
23,668
28,241
289
27,951
215,321
23,574
28,366
351
28,015
220,510
23,830
28,674
340
28,333
225,307
24,063
29,086
296
28,791
227,584
24,168
29,428
370
29,058
231,281
24,369
29,814
384
29,430
49,537
53,127
49,033
49,549
42,111
45,915
4,399,884 4,480,844 4,533,168 4,592,060 4,676,059 4,734,458
3,714,828 3,790,720 3,837,480 3,892,964 3,968,192 4,022,304
30,232
30,292
31,126
32,235
28,848
29,708
40,227
39,132
39,004
39,813
39,232
257,152
261,072
247,524
266,089
269,321
253,412
831,912
841,060
847,891
804,184
522,272
508,400
510,688
517,268
491,816
504,208
321,224
318,268
323,792
325,619
312,368
316,600
311,164
310,284
320,130
305,672
316,643
308,788
286,588
301,328
291,436
296,861
277,308
282,696
416,636
425,168
431,821
435,286
406,096
413,512
378,292
385,524
401,490
392,861
364,064
374,624
1,242,128 1,267,940 1,291,940 1,318,144 1,351,918 1,374,397
712,154
707,867
695,688
699,096
685,056
690,124
131,952
135,607
135,292
132,340
132,036
132,356
48,484
48,752
49,467
49,153
49,216
48,880
514,984
518,272
522,792
527,709
503,804
590
259,258
226,687
1,485
210
12,481
49,632
33,548
16,083
14,066
16,529
23,281
25,952
83,051
32,571
5,355
1,285
25,931
635
264,372
231,723
1,541
216
12,868
650
277,807
244,648
1,625
209
13,831
51,924
34,918
17,006
14,425
17,816
24,769
28,617
91,432
33,159
5,491
1,274
26,393
728
280,453
247,024
1,665
218
13,673
52,350
35,274
45,915
50,639
4,797,658
4,079,693
33,377
40,271
271,492
854,256
526,491
327,765
324,676
305,628
441,434
410,976
1,397,582
717,966
134,825
49,222
533,919
379,017
590
17,074
4,544
635
50,660
34,316
16,344
14,324
23,753
26,559
84,919
32,649
5,359
1,245
26,045
698
266,564
233,660
1,572
213
13,139
50,891
34,362
16,530
14,254
17,060
24,126
26,338
86,066
32,904
5,347
1,249
26,308
272,324
239,466
1,596
206
13,391
51,500
34,885
16,615
14,392
17,598
24,655
27,214
88,914
32,858
5,376
1,248
26,233
4,795
17,076
14,729
18,288
24,902
28,907
92,293
33,428
5,479
1,267
26,682
746
284,718
250,968
1,717
217
13,738
52,732
35,588
17,145
14,922
18,658
25,422
29,726
33,750
5,455
1,254
27,041
Rhode Island
New Hampshire
1996
Item
Line
1997
1997
1996
1997
\\\p
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
30,336
30,294
42
30,727
30,682
45
31,109
31,062
47
31,584
31,537
47
31,984
31,937
47
32,533
32,481
52
32,896
32,846
50
23,971
23,944
27
24,270
24,241
29
24,341
24,310
31
24,743
24,712
31
25,105
25,073
32
25,330
25,294
35
25,600
25,566
34
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for2 social insurance'
Plus: Adjustment for residence
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent3
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits .
19,287
1,339
2,400
20,349
5,906
4,081
39
4,042
19,613
1,358
2,461
20,716
5,955
4,056
35
4,021
19,921
1,377
2,480
21,024
6,059
4,027
33
3,993
20,302
1,403
2,542
21,442
6,117
4,026
35
3,991
20,390
1,412
2,623
21,601
6,258
4,125
37
4,087
20,874
1,442
2,605
22,037
6,337
4,159
33
4,126
21,104
1,456
2,649
22,297
6,404
4,196
35
4,160
14,955
1,181
933
14,708
4,382
4,882
191
4,691
15,219
1,197
958
14,981
4,402
4,887
185
4,702
15,217
1,195
982
15,004
4,458
4,879
176
4,703
15,579
1,222
1,002
15,359
4,490
4,894
177
4,718
15,739
1,236
1,039
15,541
4,568
4,996
179
4,817
15,912
1,247
1,042
15,707
4,612
5,011
154
4,857
16,080
1,257
1,064
15,888
4,649
5,064
171
4,893
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income 4
Proprietors'income
Farm proprietors' income
Nonfarm proprietors' income
15,157
1,800
2,329
16
2,313
15,458
1,813
2,343
18
2,324
15,741
1,825
2,355
20
2,334
16,096
1,837
2,369
21
2,348
16,176
1,822
2,391
20
2,371
16,587
1,861
2,427
24
2,402
16,799
1,868
2,437
23
2,414
12,224
1,276
1,455
17
1,439
12,460
1,286
1,472
18
1,454
12,485
1,271
1,462
21
1,441
12,820
1,290
1,469
20
1,449
12,956
1,292
1,491
21
1,470
13,113
1,295
1,504
24
1,480
13,264
1,300
1,517
23
1,494
42
19,245
16,974
109
19
1,159
4,345
3,105
1,241
1,141
1,307
2,239
1,262
5,393
2,270
366
45
1,860
45
19,569
17,293
112
20
1,138
4,512
3,212
1,299
1,149
1,289
2,278
1,296
5,499
2,276
370
43
1,863
47
19,874
17,557
115
20
1,176
4,646
3,348
1,298
1,157
1,297
2,294
1,275
5,578
2,318
369
47
20,255
17,955
117
21
1,170
4,622
3,320
1,302
1,172
1,410
2,401
1,323
5,718
2,299
374
42
1,884
47
20,343
18,023
123
18
1,198
4,530
3,219
1,312
1,175
1,423
2,423
1,369
5,763
2,320
387
44
1,890
52
20,823
18,444
124
18
1,238
4,715
3,363
1,352
1,186
1,451
2,456
1,415
5,840
2,379
392
44
1,944
50
21,054
18,646
129
19
1,219
4,695
3,358
1,337
1,222
1,472
2,523
1,444
5,923
2,408
394
43
1,971
27
14,928
12,499
103
8
687
2,958
1,882
1,076
758
768
1,388
1,062
4,767
2,429
428
228
1,772
29
15,190
12,752
107
31
15,186
12,715
31
15,548
13,072
107
8
727
3,035
1,883
1,152
757
32
15,707
13,180
105
8
763
3,124
1,907
1,217
773
806
1,457
1,116
5,029
2,527
465
237
1,824
35
15,877
13,309
108
34
16,046
13,465
111
Earnings by Industry
Farm
Nonfarm
Private
.^......
Agricultural services, forestry, fishing, and other5
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal, civilian
Military
State and local
See footnotes at end of table.
43
1,906
9
723
2,983
1,902
1,081
768
776
1,391
1,093
4,904
2,438
433
215
1,790
712
2,935
1,885
1,050
756
777
1,409
1,076
4,934
2,471
441
215
1,815
794
1,444
1,090
5,110
2,476
451
224
1,802
9
753
2,976
1,891
1,085
785
803
1,480
1,213
5,182
2,568
465
234
9
753
2,949
1,856
1,093
800
818
1,503
1,244
5,279
2,581
465
226
1,891
SURVEY OF CURRENT BUSINESS
February 1998
and Earnings by Industry, 1996:1-1997:11
adjusted at annual rates]
I
1997
II
III
Massachusetts
Maine
Connecticut
1996
II r
I'-
IV
1996
I
III"
\r
IV
III
II
1996
1997
llr
I
III"
Line
1997
III
II
IV
\r
II "
II
I"
109,083
108,922
110,491
110,311
111,178
110,977
112,912
112,709
ll 6,058
115,884
117,258
117,053
119,092
118,874
25,590
25,485
25,984
25,877
26,251
26,139
26,669
26,559
27,068
26,957
27,371
27,255
27,668
27,548
177,592
177,455
180,415
180,267
182,334
182,171
185,678
185,515
189,306
189,154
190,836
190,663
181
202
202
175
205
218
106
107
112
110
112
116
121
137
149
163
163
152
173
177
73,380
4,683
3,880
72,578
21,694
14,812
74,715
4,755
3,864
73,824
21,830
14,837
74,976
4,765
3,947
74,158
22,179
14,842
76,435
4,855
4,018
75,598
22,394
14,919
78,848
5,026
4,083
77,905
22,871
15,282
79,806
5,068
3,987
78,724
23,137
15,397
81,321
5,150
4,038
80,209
23,362
15,521
16,648
1,180
16,937
1,199
17,069
1,207
17,396
1,228
17,583
1,246
17,792
1,259
18,021
1,272
217
222
228
235
234
241
246
15,685
4,697
5,209
15,960
4,737
5,287
16,091
4,814
5,346
16,403
4,864
5,403
16,571
4,966
5,532
16,773
5,019
5,579
16,994
5,065
5,609
126,800
8,092
-2,955
115,752
34,045
27,794
129,643
8,244
-3,045
118,354
34,171
27,890
131,103
8,323
-3,100
119,680
34,694
27,960
134,269
8,505
-3,184
122,580
34,961
28,137
136,737
8,691
-3,266
124,780
35,789
28,737
137,570
8,714
-3,255
125,601
36,281
28,954
139,571
8,822
^3,310
127,440
36,691
29,131
1
2
3
193,262
193,085
161
468
420
395
402
407
380
374
123
117
114
116
122
120
106
809
733
705
743
793
793
771
14,344
14,417
14,447
14,517
14,875
15,017
15,147
5,086
5,170
5,232
5,286
5,410
5,459
5,503
26,985
27,157
27,255
27,394
27,944
28,161
28,360
58,354
6,764
8,262
59,537
6,799
8,378
59,862
6,735
8,379
61,239
6,799
8,398
63,298
6,951
8,600
64,054
6,994
8,758
65,303
7,076
8,942
13,133
1,486
2,028
13,398
1,496
2,044
13,520
1,492
2,058
13,803
1,504
2,088
13,982
1,509
2,093
14,184
1,520
2,088
14,378
1,527
2,115
102,856
11,335
12,609
105,322
11,448
12,872
106,729
11,426
12,947
109,502
11,577
13,189
111,723
11,661
13,353
112,429
11,673
13,469
114,197
11,762
13,612
66
86
107
106
78
107
118
32
34
38
36
37
40
44
43
55
69
68
56
76
78
8,196
8,292
8,272
8,292
8,523
8,651
8,824
1,996
2,010
2,020
2,052
2,056
2,047
2,072
12,565
12,817
12,879
13,121
13,297
13,393
13,534
161
181
202
202
175
205
218
106
107
112
110
112
116
121
137
149
163
163
152
173
177
73,219
64,552
74,534
65,833
74,774
65,958
76,233
67,638
78,674
69,951
79,601
70,833
81,103
72,217
16,542
13,715
16,830
13,984
16,958
14,121
17,285
14,407
17,471
14,581
17,676
14,762
17,900
14,963
126,663
111,618
129,494
114,468
130,940
115,828
134,106
118,843
136,585
121,309
137,397
121,975
139,395
123,846
395
91
401
93
407
94
415
87
423
89
431
91
447
91
185
5
191
5
195
4
198
5
198
5
208
5
214
5
632
66
669
69
684
66
695
63
712
69
727
73
746
71
3,313
15,154
10,640
4,514
3,896
4,671
5,909
9,355
21,767
8,667
1,129
3,480
15,410
10,931
4,479
3,976
4,795
5,950
9,521
22,208
8,701
1,130
3,533
15,606
10,959
4,647
3,905
4,800
5,928
9,172
22,514
8,817
1,125
3,527
15,835
11,271
4,563
3,971
4,918
6,212
9,393
23,280
8,595
1,113
3,764
16,074
11,348
4,726
4,029
5,015
6,192
10,420
23,944
8,723
1,114
3,767
16,393
11,561
4,833
3,987
5,398
6,157
10,318
24,290
8,768
1,111
3,852
16,602
11,708
4,893
4,046
5,527
6,302
10,567
24,783
8,886
1,110
1,039
3,204
1,540
1,664
1,065
3,217
1,549
1,668
1,125
3,222
1,553
1,668
1,205
3,209
1,533
1,676
1,179
3,306
1,629
1,677
1,003
1,110
3,294
1,600
1,695
1,029
1,140
3,261
1,584
1,676
1,040
5,708
22,147
15,051
7,096
6,784
8,425
10,857
12,790
44,207
15,045
2,627
5,872
22,740
15,431
7,309
6,935
8,677
11,181
13,088
45,239
15,026
2,616
5,958
22,651
15,297
7,353
6,935
8,805
11,533
13,251
45,945
15,112
2,610
6,136
22,962
15,555
7,407
6,983
9,059
11,569
13,791
47,585
15,263
2,634
6,311
22,994
15,427
7,567
6,932
9,183
11,646
14,117
49,345
15,276
2,700
6,182
23,126
15,522
7,604
7,219
9,220
11,724
14,251
49,454
15,422
2,684
6,153
23,302
15,689
7,613
7,295
9,396
11,960
14,708
50,215
15,549
2,665
983
897
986
901
988
930
993
938
1,959
2,016
1,065
4,539
2,845
2,021
1,056
4,580
2,837
2,066
1,110
4,684
2,878
997
4,447
2,827
928
961
983
2,084
1,110
4,767
2,891
2,103
1,184
4,867
2,914
2,147
1,224
4,950
2,937
377
376
385
388
393
396
395
577
194
579
201
575
205
577
205
592
212
593
208
588
205
7,162
7,196
7,306
7,094
7,215
7,260
7,382
2,057
2,066
2,057
2,096
2,087
2,113
2,144
II
1997
\r
IV
III
359
347
346
343
343
12,144
12,282
12,231
12,395
12,541
IIr
1996
I
II
13,160
13,036
13,307
13,164
13,407
13,270
13,643
13,510
13,773
13,627
13,952
13,805
117
124
144
137
132
147
147
8,778
8,879
8,975
9,033
9,160
9,226
9,367
600
69
605
74
609
77
612
84
624
83
626
89
634
88
8,247
2,726
2,061
8,349
2,743
2,068
8,444
2,792
2,072
8,505
2,820
2,082
8,619
2,890
2,133
8,689
2,931
2,153
8,821
2,966
2,165
55
52
51
52
56
56
51
2,006
2,016
2,021
2,030
2,078
2,097
2,114
6,840
6,922
6,985
7,051
7,173
7,218
7,341
829
826
825
822
828
826
835
1,110
1,131
1,166
1,161
1,159
1,183
1,191
II
III
IV
V
II'
III"
1,237,524
1,235,538
1,986
1,251,871
1,249,804
2,067
1,264,426
1,262,188
2,239
1,280,913
1,278,616
2,296
1,304,447
1,302,211
2,236
1,311,683
1,309,329
2,354
1,325,982
1,323,628
2,353
19,552
19,453
19,842
19,729
20,252
20,129
20,735
20,595
20,806
20,669
20,858
20,720
21,170
21,026
100
112
123
141
137
138
144
858,641
57,884
-11,784
788,973
232,245
216,307
5,757
210,550
868,827
58,300
-11,309
799,218
233,702
218,951
5,479
213,472
876,481
58,658
-11,591
806,231
237,161
221,034
5,519
215,515
890,145
59,410
-11,762
818,972
239,266
222,674
5,183
217,491
905,207
60,629
-11,928
832,650
243,909
227,889
5,290
222,599
907,294
60,558
-11,530
835,207
246,540
229,936
5,315
224,621
918,409
61,156
-11,610
845,642
248,767
231,572
5,103
226,469
14,971
15,194
15,573
925
935
957
983
981
978
995
-1,232
13,384
3,970
2,898
-1,294
13,770
4,000
2,965
-1,258
13,724
4,097
2,985
-1,246
13,700
4,141
3,016
-1,287
13,950
4,181
3,038
691,126
75,995
91,520
699,953
75,841
93,033
707,477
75,636
93,368
1,121
92,248
719,831
75,889
94,424
1,169
93,256
733,525
76,386
95,296
1,095
94,202
735,124
76,115
96,055
1,199
94,857
744,889
76,553
96,967
1,185
95,782
2,239
874,242
736,102
3,961
2,083
39,354
128,751
64,771
63,980
57,938
53,037
67,110
110,649
273,218
138,140
34,277
4,239
99,624
2,296
887,848
749,417
3,994
2,171
40,180
128,961
64,578
64,382
57,622
53,809
68,503
114,657
279,520
138,431
34,357
4,184
99,890
2,236
902,971
764,252
4,050
2,076
41,258
129,715
64,812
64,903
57,694
54,935
69,567
120,014
284,942
138,718
35,145
4,255
99,319
2,354
904,941
762,740
4,101
2,151
41,056
130,720
65,214
65,506
58,305
55,702
69,725
113,333
287,648
142,201
34,992
4,280
102,929
2,353
916,055
772,978
4,227
2,150
41,380
131,770
65,826
65,944
58,948
56,413
70,729
115,659
291,703
143,077
34,965
4,280
103,833
70
77
97
89
84
98
98
876
954
1,039
1,054
1,069
1,071
1,074
1,085
1,093
90,644
92,079
117
124
144
137
132
147
147
8,661
7,329
8,755
7,392
8,832
7,482
8,897
7,551
9,027
7,604
9,080
7,702
9,220
7,830
61
21
575
63
21
590
64
21
635
65
22
626
64
20
615
67
22
622
68
21
622
1,824
1,331
1,799
1,291
1,833
1,320
1,837
1,323
1,896
1,388
1,845
1,338
1,925
1,392
492
504
462
929
484
508
510
446
937
496
513
512
451
942
507
514
516
478
963
506
507
512
460
968
485
507
523
455
982
526
532
520
462
988
539
2,469
1,332
2,529
1,363
2,516
1,350
2,538
1,346
2,583
1,423
2,659
1,378
2,686
1,390
229
42
231
41
227
42
229
42
234
43
234
42
235
43
1,062
1,091
1,081
1,076
1,146
1,102
1,112
2,067
1,986
856,655
866,760
718,440
727,500
3,837
3,823
2,086
2,118
37,197
38,537
126,430
127,840
63,386
64,460
63,044
63,379
57,737
58,411
52,624
52,068
66,684
65,651
108,712
107,372
269,424
265,389
138,214
139,260
34,344
34,328
4,284
4,40k
99,486 ^ro&631. _
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Line
1997
\r
IV
I
III"
12
13
14
15
16
Delaware
1997
1996
13,034
12,917
370
12,040
Mideast
Vermont
1996
I
399
12,019
4
5
6
7
8
9
10
11
-1,171
12,875
3,897
2,781
III
-1,180
13,079
3,923
2,840
16,048
IK
15,962
III"
15,925
16,232
83
82
97
126
70
71
65
2,698
2,757
2,801
2,839
2,915
2,945
2,973
11,627
1,479
1,865
11,814
1,471
1,908
12,137
1,488
1,947
12,514
1,513
2,021
12,469
1,491
2,002
12,476
1,469
1,979
12,732
1,494
2,007
72
85
95
113
109
109
115
1,793
1,824
1,852
1,909
1,893
1,870
1,892
100
112
123
141
137
138
144
14,872
12,972
15,081
13,165
15,450
13,507
15,907
13,973
15,825
13,872
15,787
13,838
16,088
14,126
60
7
924
60
7
979
4,415
4,273
64
7
63
7
65
7
68
7
70
7
1,102
4,391
1,277
4,420
1,181
4,490
1,038
4,184
1,055
4,256
885
893
846
807
910
818
900
3,530
3,380
3,545
3,613
3,580
3,366
3,357
677
574
706
584
704
599
693
606
682
594
700
601
728
606
1,233
1,823
3,261
1,899
1,256
1,909
3,391
1,916
1,277
1,910
3,453
1,943
1,288
2,107
3,512
1,934
1,334
1,910
3,609
1,953
1,322
2,264
3,654
1,949
1,334
2,350
3,718
1,962
239
177
241
174
247
170
245
167
243
169
243
168
244
167
1,484
1,501
1,526
1,523
1,541
1,538
1,550
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
SURVEY OF CURRENT BUSINESS
32 » February 1998
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Maryland
District of Columbia
Item
Line
1997
1996
I
II
III
\r
IV
1997
1996
IIr
I
III*
II
III
lr
IV
IIr
\\\P
Income by Place of Residence
1
2
3
18,444
18,444
0
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
18,299
18,299
0
18,629
18,629
0
18,787
18,787
0
19,046
19,046
0
18,980
18,980
0
19,128
19,128
0
137,621
137,338
282
139,245
138,940
305
140,748
140,410
338
142,657
142,311
346
145,585
145,241
344
146,772
146,419
354
148,279
147,921
358
34,714
2,233
-20,972
11,509
3,206
3,729
95
3,634
33,472
2,142
-20,052
11,278
3,226
3,795
74
3,721
34,370
2,201
-20,670
11,500
3,263
3,867
77
3,790
34,636
2,214
-20,853
11,568
3,292
3,926
86
3,840
35,066
2,246
-21,101
11,719
3,349
3,977
72
3,905
34,265
2,183
-20,486
11,596
3,373
4,012
81
3,931
34,484
2,190
-20,593
11,701
3,394
4,033
78
3,954
83,969
5,747
13,691
91,913
25,070
20,638
389
20,249
85,741
5,851
13,217
93,107
25,162
20,976
365
20,611
86,243
5,875
13,643
94,011
25,515
21,222
347
20,875
87,689
5,964
13,763
95,488
25,713
21,457
346
21,111
89,546
6,112
13,920
97,354
26,227
22,004
369
21,635
90,631
6,170
13,573
98,034
26,528
22,211
368
21,843
91,625
6,223
13,678
99,080
26,779
22,420
387
22,033
29,739
2,791
2,184
0
2,184
28,634
2,661
2,177
0
2,177
29,499
2,714
2,158
0
2,158
29,783
2,709
2,143
0
2,143
30,165
2,718
2,183
0
2,183
29,427
2,630
2,208
0
2,208
29,615
2,629
2,240
0
2,240
69,242
7,148
7,578
171
7,407
70,857
7,225
7,659
193
7,465
71,418
7,192
7,633
226
7,407
72,803
7,239
7,648
233
7,414
74,487
7,327
7,732
230
7,502
75,470
7,370
7,791
238
7,553
76,373
7,401
7,851
241
7,611
0
34,714
20,521
338
16
389
967
141
826
1,384
306
878
1,906
14,288
14,193
11,475
777
1,940
0
33,472
19,623
276
14
363
941
138
804
1,276
299
855
1,716
13,883
13,849
11,278
748
1,823
0
34,370
20,452
331
14
386
972
145
827
1,351
294
887
1,873
14,344
13,918
11,200
735
1,983
0
34,636
20,761
351
14
380
971
134
837
1,337
295
889
1,965
14,558
13,875
11,192
733
1,950
0
35,066
21,090
360
15
434
974
147
828
1,386
308
889
2,027
14,696
13,976
11,405
745
1,826
0
34,265
20,453
336
12
392
954
112
842
1,266
283
864
1,914
14,433
13,812
11,286
736
1,789
0
34,484
20,721
346
12
382
976
112
863
1,274
284
878
1,953
14,617
13,763
11,227
727
1,809
282
83,687
65,284
489
70
5,483
7,821
4,282
3,539
4,983
4,675
8,044
6,739
26,980
18,402
7,325
1,382
9,696
305
85,436
66,824
503
72
5,719
8,030
4,397
3,633
5,037
4,798
8,208
6,781
27,675
18,612
7,415
1,372
9,825
338
85,905
67,331
518
73
5,797
8,040
4,379
3,661
5,068
4,905
8,300
6,674
27,956
18,574
7,448
1,370
9,757
346
87,343
68,566
523
74
5,938
7,988
4,305
3,683
5,090
5,010
8,478
6,736
28,730
18,777
7,516
1,343
9,918
344
89,202
70,425
529
77
6,233
8,130
4,370
3,759
5,112
5,000
8,613
7,117
29,616
18,777
7,758
1,369
9,649
354
90,277
71,069
536
78
6,227
8,148
4,359
3,788
5,076
5,096
8,554
7,277
30,078
19,209
7,762
1,408
10,038
358
91,268
71,891
553
75
6,188
8,168
4,322
3,845
5,133
5,194
8,664
7,433
30,484
19,377
7,845
1,411
10,121
Derivation of Personal Income
4
5
6
7
8
9
10
11
Earnings by place of work (lines 12-16 or 17-34)
Less1 Personal contributions for social insurance '
Plus* Adjustment for residence2
Equals' Net earnings by place of residence
Plus: Dividends interest, and rent3
Plus* Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits ....
12
13
14
15
16
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income4
Farm proprietors' income
Nonfarm proprietors' income
Earnings by Place of Work
Earnings by Industry
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Farm
Nonfarm
Private
..
Aqricultural services forestry fishinq and other5
Mining
'
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
.
. . .
Government and government enterprises
Federal civilian
Military
State and local
Great Lake $
Illinois
19 96
Item
Line
I
II
1S 96
1997
III
IV
\"
IK
1997
III*
I
II
III
IV
\r
\\r
III*
1,128,709
1,123,856
4,853
311 898
310,280
1,618
316,298
314,731
1,567
320,221
318,444
1,777
323,827
321,971
1,856
329 728
327,760
1,969
334 795
332,978
1,817
338706
336,906
1,800
226,555
15,065
229,426
15,232
232,231
15,380
236,157
15,672
240 442
15,921
243 561
16,084
Income by Place of Residence
1 Personal income (lines 4-11)
?
Nonfarm personal income
3
Farm income (line 17)
1 050 678 1 067 473 1080212
1,046,480 1,063,215 1,075,483
4,198
4,259
4,729
1 088 807 1 107241 1,118,858
1,084,008 1,102,381 1,113,986
4,799
4,859
4,872
Derivation of Personal Income
4
5
6
7
8
9
10
11
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance *
Plus: Adjustment for residence2
Equals' Net earnings by place of residence
Plus" Dividends interest and rent3
Plus' Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits ....
745 695
49,712
2,709
698 692
187,723
164263
3,864
160,399
760 606
50,596
2,755
712766
188,712
165995
3,875
162,120
770,296
51,179
2,783
721 900
191,474
166,838
3,553
163,285
776,163
51,463
2,862
727 562
193,030
168,215
3,728
164,488
787,924
52,399
2,916
738 441
196,934
171,866
3,938
167,928
796,416
52,820
2,949
746,544
199,201
173,113
3,824
169,289
803,470
53,162
2,995
753,303
201,096
174,310
3,777
170,533
222,837
14,850
207,407
59,937
44,553
1,312
43,241
210926
60,331
45,041
1,299
43,742
213,610 216,285
61,301
61,846
45,697
45,31 1
1,264
1,228
44,083
44,432
219911
63,097
46720
1,297
45,423
223 892
63,822
47080
1,265
45,815
226822
64428
47456
1,282
46,173
603,519
76437
65739
2,455
63284
616,923
77175
66509
2,487
64021
625,977
77230
67,089
2,931
64158
631,765
76821
67,577
2,981
64597
642,285
77166
68,473
3,019
65453
649,738
77383
69296
3,010
66286
656,114
77378
69,978
2,970
67009
178,749
20842
23,246
1,303
21943
182,030
20944
23,581
1,253
22328
184,526
20947
23,953
1,466
22487
186,953
20932
24,347
1,549
22798
190,216
21 057
24885
1,659
23226
193930
21 370
25142
196578
21475
25508
1503
1483
23639
24025
4,198
741,497
645 545
3,410
2,431
40860
202 890
141,686
61,205
45,565
48,186
65,489
51,901
184,814
95,952
14006
2,543
79403
4,259
756,347
659515
3,521
2,506
41855
208 259
146,196
62,063
46,329
48,831
66,315
53,413
188,486
96,832
14055
2,507
80270
4,729
765,567
667 642
3,624
2,482
42945
209,870
147,553
62,318
46,573
49,584
66,666
54,038
191,860
97,925
14050
2,500
81 376
4,799
771,364
672,576
3,595
2,483
43259
209,496
146,774
62,722
46,379
50,203
67,905
54,375
194,883
98,788
14113
2,483
82192
4,859
783,065
683,526
3,702
2,393
44022
212,082
148,377
63,704
46,846
51,416
69,083
55,244
198,738
99,539
14172
2,512
82854
4,872
791,544
691 817
3,831
2,508
45105
211200
147,500
63,700
48,117
51,962
69,241
57,961
201,892
99,727
14131
2,467
83129
4,853
798,617
697,827
3,976
2,458
45060
210,793
146,869
63,924
48,651
52,623
70,086
59,215
204,965
100,790
14079
2,568
84143
1,618
221,219
193274
1,012
1,567
224,988
196392
1,048
1,777
227,649
198831
1,081
1,856
230,376
200 823
1,065
1,969
234,189
204 984
1 116
1 817
238 625
208 776
1 157
241 761
211359
1 199
-580
-564
-584
-567
-575
-629
-655
Earnings by Place of Work
1?
13
14
15
16
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income4
Farm proprietors' income
Nonfarm proprietors' income
Earnings by Industry
17
18
19
?0
?1
22
23
r>4
?5
26
27
?«
29
10
31
V
33
34
Farm
Nonfarm
Private
Agricultural services forestry fishing and other5
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal civilian
Military
State and local
See footnotes at end of table.
1800
769
787
777
768
698
712
690
12013
44322
26,650
17,672
16,461
16,127
18,272
21,500
62,798
27,945
4630
1,187
22128
12201
45234
27,349
17,885
16,671
16,207
18,498
21,764
63,981
28,596
4670
1,190
22736
12504
45,459
27,632
17,826
16,684
16,429
18,463
21,975
65,460
28,817
4,679
1,201
22937
12588
45536
27,520
18,015
16,642
16,499
18,852
22,128
66,745
29,553
4706
1,206
23641
12712
46385
27647
18,738
16,781
16970
19,418
23,175
67729
29,205
13234
46900
28471
18429
17,519
17192
19293
23,720
69048
29,849
13280
47141
28654
18487
17,663
17400
19469
24,256
70262
30,402
4816
1221
23168
4821
4813
1 181
23847
1 282
24307
SURVEY OF CURRENT BUSINESS
February 1998 •
33
and Earnings by Industry, 1996:1-1997:111—Continued
adjusted at annual rates]
New York
New Jersey
1997
1996
I
II
245,984
245,743
242
Pennsylvania
1997
1996
1996
\r
II '
297,938
297,066
300,941
299,990
304,145
303,171
308,691
307,768
311,954
310,959
314,925
313,946
872
952
974
923
995
980
1
2
3
195,043
13,604
1,427
182,865
54,478
55,755
1,741
54,014
199,003
13,808
1,419
186,614
54,773
56,551
1,622
54,929
200,810
13,885
1,437
188,362
55,456
57,124
1,516
55,607
203,057
13,991
1,500
190,565
55,887
57,693
1,504
56,189
205,321
14,189
1,570
192,702
57,062
58,927
1,554
57,373
207,657
14,314
1,500
194,843
57,670
59,441
1,600
57,841
209,780
14,431
1,549
196,898
58,202
59,826
1,556
58,270
4
5
6
7
8
9
10
11
153,264
19,013
22,765
156,760
19,168
23,075
158,568
19,128
23,114
160,640
19,121
23,296
162,663
19,122
23,536
164,689
19,249
23,719
166,598
19,316
23,866
12
13
14
15
16
I'
llr
527,239
526,713
532,396
531,843
540,159
539,608
550,752
550,198
552,885
552,314
559,445
558,872
293,099
292,272
526
553
550
554
571
573
827
370,427
24,307
-18,815
327,306
95,622
99,897
2,064
97,833
372,855
24,325
-18,697
329,833
96,330
101,076
1,934
99,142
376,038
24,470
-18,980
332,588
97,937
101,872
1,833
100,039
382,755
24,843
-19,427
338,484
98,904
102,770
1,827
100,944
389,935
25,412
-19,904
344,619
100,741
105,392
1,944
103,448
389,584
25,281
-19,654
344,649
101,860
106,376
1,937
104,438
395,029
25,574
-19,974
349,481
102,789
107,175
1,831
105,344
297,491
31,324
41,613
299,441
30,969
42,444
302,536
30,837
42,665
308,506
30,980
43,269
315,092
31,267
43,575
314,604
31,038
43,942
319,321
31,283
44,426
1'
II'
III''
I
249,308
249,057
251,460
251,186
254,430
254,144
259,568
259,290
260,234
259,937
263,035
262,736
522,825
522,289
251
273
285
277
296
299
536
159,517
11,069
14,057
162,506
49,972
33,507
1,385
32,122
162,563
11,239
13,983
165,307
50,288
33,713
1,403
32,310
163,447
11,270
14,210
166,387
51,021
34,052
1,649
32,403
165,961
11,414
14,550
169,096
51,471
33,863
1,295
32,568
169,377
11,690
14,845
172,532
52,432
34,604
1,281
33,323
169,233
11,632
14,784
172,385
52,968
34,880
1,258
33,622
171,258
11,743
15,017
174,531
53,422
35,081
1,186
33,895
129,763
14,239
15,515
132,446
14,347
15,769
133,319
14,277
15,852
135,586
14,327
16,047
138,649
14,460
16,269
138,458
14,359
16,416
140,250
14,430
16,577
II
Line
IV
IV
IV
1997
III
III
III
1
\\\P
II
II
I"
103
113
134
145
135
153
154
132
122
147
140
139
151
148
397
441
519
538
482
549
528
15,412
15,657
15,718
15,903
16,133
16,264
16,424
41,481
42,323
42,518
43,129
43,436
43,791
44,277
22,368
22,634
22,595
22,758
23,054
23,170
23,338
242
251
273
285
277
296
299
536
526
553
550
554
571
573
827
872
952
974
923
995
980
159,276
135,936
162,311
138,749
163,174
140,022
165,676
142,191
169,099
145,233
168,937
144,758
170,959
146,731
369,892
315,198
1,251
372,329
316,875
1,285
375,485
320,830
1,308
382,205
327,624
1,327
389,381
335,227
1,329
389,013
332,549
1,368
394,456
337,644
1,404
194,216
168,530
198,131
172,264
202,082
176,302
957
982
1,475
10,638
40,806
23,916
16,890
13,612
11,155
17,983
14,448
57,455
25,686
5,419
1,499
11,055
41,701
24,482
17,219
13,584
11,253
18,296
15,349
58,545
25,867
5,450
199,859
173,960
1,008
1,460
11,225
42,099
24,747
17,352
13,663
11,377
18,435
15,407
59,286
25,899
5,472
204,398
178,405
1,021
1,448
11,939
42,236
24,595
17,641
13,875
11,673
19,166
15,480
61,567
25,992
5,594
206,661
180,075
1,042
1,527
11,855
42,772
25,040
17,732
13,904
11,851
19,161
16,021
61,941
26,587
5,514
208,801
181,866
1,076
1,535
11,851
42,938
25,118
17,820
14,042
11,995
19,396
16,325
62,707
26,935
5,548
693
212
717
216
733
214
741
215
747
223
751
226
779
225
6,930
25,693
9,355
16,337
14,089
13,825
12,842
13,731
47,922
23,340
3,298
7,232
25,959
9,542
16,418
14,365
14,074
13,027
14,247
48,911
23,563
3,326
7,316
26,112
9,536
16,577
14,419
14,277
13,055
14,238
49,658
23,152
3,307
7,395
26,030
9,371
16,659
14,567
14,518
13,277
14,634
50,814
23,484
3,303
7,704
26,165
9,428
16,738
14,429
14,919
13,536
15,660
51,850
23,866
3,365
7,699
26,442
9,451
16,991
14,611
15,102
13,471
14,162
52,294
24,180
3,364
7,757
26,527
9,624
16,903
14,753
15,301
13,663
14,517
53,210
24,228
3,344
305
310
316
345
307
301
296
12,833
46,729
24,808
21,922
23,665
21,533
24,671
68,726
115,484
54,694
6,571
13,190
46,936
25,009
21,927
22,770
21,616
25,042
68,709
117,019
55,453
6,634
13,528
47,136
25,119
22,017
22,733
21,584
25,156
70,548
118,520
54,655
6,603
13,723
47,221
25,266
21,956
22,362
21,849
25,775
73,519
121,502
54,580
6,602
13,767
47,720
25,363
22,357
22,209
22,442
26,028
77,820
123,604
54,154
6,780
13,844
48,221
25,433
22,788
22,748
22,770
26,352
71,695
125,248
56,465
6,822
14,146
48,906
25,750
23,156
23,018
23,032
26,794
73,080
126,967
56,813
6,757
990
1,516
11,467
42,331
24,696
17,635
13,572
11,530
18,796
15,695
60,405
25,781
5,500
540
516
504
496
512
520
524
968
925
909
898
900
897
898
556
549
552
548
559
550
551
19,502
19,720
19,340
19,686
19,989
20,295
20,360
47,155
47,895
47,144
47,080
46,474
48,745
49,157
19,710
19,868
19,875
19,733
19,840
20,524
20,836
Michigan
Indiana
1997
1996
I
II
128,813
127,976
837
92,497
6,194
2,283
88,587
20,996
19,230
Ohio
1997
1996
III
IV
I'
II'
III*
I
II
131,434
130,552
133,113
132,162
134,643
133,730
136,273
135,346
137,946
136,975
139,130
138,173
235,014
234,600
882
951
913
927
971
956
414
94,673
6,318
2,322
90,677
21,186
19,571
95,720
6,377
2,354
91,697
21,605
19,811
96,826
6,441
2,376
92,761
21,851
20,031
97,599
6,510
2,442
93,531
22,288
20,454
98,844
6,574
2,493
94,763
22,560
20,623
99,642
6,614
2,520
95,548
22,784
20,797
Line
1997
1996
IIr
III
IV
1'
II'
III*
1
238,849
238,405
241,129
240,650
242,326
241,835
246,604
246,107
246,771
246,248
247,980
247,459
257,084
256,198
261,194
260,294
444
480
491
497
523
520
887
167,214
10,984
170,741
11,199
172,580
11,316
173,183
11,338
176,113
11,569
175,426
11,491
175,984
11,501
722
737
746
760
774
802
817
156,952
41,593
36,470
162,010
42,120
36,999
165,318
43,184
38,102
1,034
37,069
164,737
43,667
38,367
1,011
37,356
165,300
44,066
38,614
995
796
757
677
693
825
769
711
36,088
162,606
42,371
37,349
1,007
36,342
181,168
12,327
-1,496
167,344
43,697
46,043
37,619
45,247
45,674
45,953
46,262
47,222
47,603
47,950
141,694
19,972
10,913
142,511
19,777
10,895
145,202
19,931
10,980
144,737
19,581
11,109
145,355
19,432
11,197
147,461
17,475
16,232
150,892
17,709
16,365
153,329
17,757
16,484
153,994
17,594
16,513
156,861
17,672
16,624
158,775
17,762
16,845
160,124
17,735
16,985
269
270
256
263
271
276
300
992
18,961
19,301
19,555
19,768
20,183
20,347
20,497
35,478
160,278
41,670
36,901
1,059
35,842
73,838
9,876
8,783
75,676
10,006
8,990
76,658
9,989
9,073
77,726
9,967
9,133
78,432
9,935
9,232
79,496
10,001
9,347
80,248
10,015
9,379
136,445
19,825
10,944
139,763
20,004
10,974
911
II
III
IV
I'
264,418
263,411
1,007
265,610
264,609
1,000
270,378
269,448
273,296
272,301
900
930
995
275,415
274,400
1,015
1
2
3
184,966
12,560
-1,554
170,851
43,912
46,432
187,571
12,725
-1,574
173,272
44,516
46,630
188,102
12,734
-1,566
173,802
44,853
46,955
191,157
12,991
-1,608
176,559
45,771
48,048
193,382
13,102
-1,639
178,641
46,284
48,371
194,844
13,169
-1,638
180,036
46,718
48,661
4
5
6
7
8
9
10
11
III*
627
672
742
708
719
761
744
-30
-15
5
2
2
22
14
626
640
748
746
673
734
752
8,157
8,318
8,330
8,425
8,513
8,586
8,636
10,974
10,989
10,908
10,893
10,978
11,087
11,183
15,606
15,725
15,736
15,767
15,952
16,110
16,233
1,007
186,564
161,991
1,000
187,101
162,700
930
995
190,227
165,238
192,387
167,672
1,015
193,828
168,705
837
882
951
913
927
971
956
414
444
480
491
497
523
520
887
900
91,660
80,284
93,791
82,290
94,769
83,191
95,912
84,105
96,672
85,234
97,873
86,224
98,686
86,948
166,800
145,429
170,297
148,763
172,100
150,573
172,692
151,161
175,616
153,259
174,903
153,015
175,464
153,620
180,281
156,215
184,066
160,136
392
328
410
351
422
361
420
377
419
368
444
389
462
383
726
404
747
405
762
401
774
402
804
404
813
423
848
403
809
813
832
846
855
823
843
816
878
803
900
860
932
858
5,747
29,890
21,447
8,443
5,726
5,159
8,638
5,055
19,349
11,376
1,789
6,007
30,670
22,222
8,447
5,852
5,270
8,772
5,303
19,656
11,501
1,772
6,067
30,818
22,292
8,527
5,852
5,352
8,845
5,394
20,079
11,578
1,758
6,193
30,754
22,052
8,702
5,775
5,432
8,992
5,549
20,614
11,807
1,750
6,345
31,033
22,215
8,818
5,803
5,498
9,107
5,448
21,213
11,438
1,667
6,411
31,126
22,418
8,708
5,891
5,553
9,172
5,771
21,466
11,649
1,659
6,269
31,339
22,534
8,805
5,944
5,602
9,294
5,892
21,763
11,738
1,649
8,315
55,243
44,467
10,776
8,183
10,240
13,924
8,889
39,506
21,371
2,422
8,467
56,685
45,688
10,996
8,382
10,414
14,164
9,125
40,374
21,534
2,448
8,594
57,345
46,236
11,109
8,389
10,552
14,294
9,234
41,002
21,527
2,456
8,691
57,091
46,187
10,904
8,330
10,737
14,518
9,198
41,420
21,531
2,462
8,910
57,995
46,919
11,076
8,590
11,017
14,562
9,114
41,862
22,357
2,438
9,142
55,983
45,183
10,801
8,772
11,008
14,812
9,745
42,317
21,889
2,440
9,266
55,214
44,500
10,713
8,944
11,176
15,033
9,897
42,838
21,844
2,434
9,737
50,114
34,706
15,408
10,363
11,736
17,164
11,034
44,447
24,065
3,937
10,034
51,796
36,055
15,741
10,510
11,920
17,298
11,582
45,317
23,929
3,916
10,371
52,149
36,320
15,830
10,576
12,146
17,455
11,741
45,874
24,574
3,900
10,396
51,912
36,011
15,901
10,586
12,366
17,776
11,741
46,263
24,401
3,923
10,592
52,137
36,282
15,856
10,612
12,618
18,106
11,810
47,683
24,989
3,962
10,739
52,227
35,981
16,246
10,833
12,870
18,032
12,697
48,514
24,715
3,919
10,640
51,910
35,592
16,318
10,938
13,041
18,243
12,984
49,158
25,123
3,893
232
227
227
223
225
224
226
272
258
255
250
252
252
252
663
648
636
625
633
627
623
9,355
9,501
9,594
9,834
9,545
9,767
9,863
18,677
18,829
18,816
18,819
19,668
19,197
19,158
19,466
19,365
20,038
19,853
20,394
20,169
20,607
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
SURVEY OF CURRENT BUSINESS
34 • February 1998
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Wisconsin
Item
Line
Plains
18 96
Income by Place of Residence
1 Personal income (lines 4-11)
2
Nonfarm personal income
3
Farm income (line 17)
19 96
1997
1
II
III
IV
lr
IK
117,869
117427
442
119,697
119231
466
121,331
120816
515
122,402
121,862
539
124,257
123,721
537
126,050
125,484
566
81979
5,358
83672
5,453
1 815
80,034
21,613
18051
490
17,561
85000
5,528
85822
5,570
1 857
82,109
22,108
18185
501
17,683
86,898
5,657
1,882
83,123
22,593
18,541
511
18,031
67,026
8,419
6535
-70
6604
68,562
8,511
6599
-62
70,582
8,550
6690
-24
6661
69,771
8,564
6665
-31
6696
442
81,538
70342
471
118
5,048
23321
14,416
8906
4,832
4,924
7,491
5,423
18,714
11,195
1,228
190
9,777
466
83,206
71934
485
117
5,146
23874
14,881
8993
4,914
5,019
7,583
5,639
19,158
11,272
1,248
184
9,839
515
84,485
73,056
503
121
5,408
24100
15,073
9027
5,072
5,104
7,608
5,695
19,445
11,429
1,257
181
9,991
1997
I
II
III
IV
I'
II'
III"
127,478
126917
561
422,854
413,179
9,675
430,289
419,777
10,512
436,027
424,782
11,244
440,502
428,965
11,538
447,509
435,826
11,683
454,004
441 803
12,201
458,272
446 927
11,345
88,322
5,733
1,922
84,511
22,868
18,671
503
18,168
89,439
5,793
302,458
21,241
-3,410
277,808
78,896
66,151
1,100
65,051
309,035
21,602
-3,489
283,945
79,520
66,825
1,047
65,778
313,368
21,837
-3,523
288,008
80,740
67,279
1,009
66,270
316,763
22,009
-3,581
291,173
81,442
67,888
1,110
66,778
321,147
22,367
-3,649
295,131
83,022
69,357
1,129
68,228
326,566
22,675
-3688
300,204
83,889
69911
1,110
68,801
329 878
22,922
-3724
303,232
84,627
70414
1,088
69,326
72,800
8,669
6,853
-11
6864
73,809
8,721
6,909
-22
6714
71,574
8,572
6,751
-33
6,785
236,965
28,264
37,230
8,171
29,059
242,223
28,524
38,288
8,970
29,317
245,773
28,569
39,025
9,666
29,359
248,757
28,576
39,429
9,927
29,502
252,466
28,740
39,941
10,054
29,888
256,801
28,999
40,766
10,552
30215
260,447
29,195
40235
9,677
30559
539
85,283
73787
492
119
5,393
24203
15,004
537
86,361
74,81 1
485
120
5,464
24,531
15,314
566
87,756
76,131
517
125
5,578
24965
15,448
561
88,878
77,194
535
124
5,604
25190
15,589
9199
9217
9517
9601
5,045
5,168
7,766
5,759
19,841
11,496
1,273
179
10,044
5,060
5,312
7,890
5,697
20,251
11,550
1,289
182
10,079
5,100
5,339
7,932
6,028
20,547
11,626
1,292
182
10,151
5,161
5,403
8,047
6,186
20,944
11,683
1,290
184
10,209
9,675
292,783
248,013
1,921
1,508
18,541
58,178
33,995
24,183
22,471
21,491
28,384
21,482
74,036
44,770
7,594
2,568
34,608
10,512
298,523
253,349
1,963
1,556
18,617
59,474
34,900
24,574
22,858
21,836
28,903
22,342
75,800
45,174
7,691
2,535
34,949
11,244
302,123
256,471
2,007
1,527
18,866
60,042
35,557
24,485
22,793
22,377
29,094
22,450
77,315
45,652
7,690
2,532
35,430
11,538
305,225
259,472
1,991
1,538
18,698
60,577
35,648
24929
22,982
22,639
29,589
22,776
78,682
45,753
7,725
2,515
35,513
11,683
309,463
263,562
2,050
1,480
19,071
61 ,506
36,305
25,201
24,423
22,639
29,727
22,207
80,459
45,902
7,982
2,547
35,373
12201
314,365
268 076
2,127
1,560
19,249
61641
36,703
24938
24,161
23,023
30,179
24,124
82,012
46,290
8,009
2,514
35,766
11 345
318,532
271 697
2,205
1 549
19,359
62482
37,201
25281
24,432
23,286
30,572
24,768
83,044
46,835
7959
2,512
36364
III"
Derivation of Personal Income
4
5
6
7
8
9
10
11
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance *
Plus* Adjustment for residence2
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent3
Plus* Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits ....
12
13
14
15
16
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income4
Farm proprietors' income
Nonfarm proprietors' income
1780
78,401
21,500
17967
495
17,472
1840
81 ,31 1
21,932
18088
482
17,606
1951
85,597
23,100
18,782
488
18,294
Earnings by Place of Work
6931
Earnings by Industry
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Farm
Nonfarm
Private
Agricultural services forestry, fishing, and other5
Mining
Construction
.
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance, and real estate
Services
Government and government enterprises
Federal civilian
Military
State and local
Missouri
Nebraska
1996
Item
Line
1996
1997
1997
I
1
2
3
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
4
5
6
7
8
9
10
11
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less* Personal contributions for social insurance '
Plus: Adjustment for residence2
Equals' Net earnings by place of residence
Plus: Dividends, interest, and rent3
Plus1 Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits ....
12
13
14
15
16
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income4
Farm proprietors' income
Nonfarm proprietors' income
II
III
IV
lr
II'
121,011
120221
790
122,784
122002
782
124,035
123,197
838
125,633
124 799
834
128,408
127,572
836
129,378
128,491
887
130,487
129,620
867
36,963
35,068
1,895
37,686
35,587
2,099
38,117
35,943
2,174
38,681
36,220
2,461
39,335
36,883
2,451
39,833
37273
2,560
40,287
37851
2437
85,769
5834
-3,122
76813
23,570
20,628
297
20,331
87,355
5928
-0,187
78,240
23,757
20,787
266
20,521
88,123
5967
-3,176
78,980
24,155
20,900
260
20,640
89,483
6,049
-3,253
80,182
24,393
21,058
275
20,782
91,566
6,214
-3,378
81,974
24,889
21,545
284
21,262
92,027
6,226
-3,311
82,489
25,175
21,714
262
21,452
92,723
6,258
-3,310
83,155
25,416
21,916
291
21,625
27,118
1,927
27,774
1,958
28,131
1,978
28,622
1,989
29,127
2,036
29,565
2054
29,984
2090
-498
-511
-518
-524
-543
-543
-558
24,692
6,847
5,423
44
5,379
25,304
6,879
5,503
45
5,458
25,635
6,923
5,559
44
5,515
26,109
6,955
5,617
50
5,566
26,548
7,053
5,734
47
5,687
26,968
7,089
5,776
41
5,735
27336
7,124
5,827
49
5,778
68,607
70,070
8,592
8,693
589
8,104
70,790
8557
8,775
647
72,054
8,614
8,815
645
8,170
73,912
8,756
8,898
646
8,252
74,327
8,712
8,988
694
8,294
74,956
8,713
9,054
672
8382
20,340
2,343
4,435
1,647
2,788
20,773
2,369
4,632
1,841
2,791
21,055
2,378
4,698
1,906
2,792
21,258
2,376
4,988
2,183
2,806
21,725
2420
4,982
2,170
21,999
2424
5,143
2,275
2867
22463
782
86573
74,532
440
243
5524
17,428
9,987
7,441
7,489
5,963
8,226
6325
22,894
12,041
2706
622
8,713
838
87285
75,082
447
239
5676
17,363
9,951
7,411
834
88,650
76,339
448
241
5,717
17,629
10,086
7,543
7492
6,163
8,470
836
90,730
78,261
465
223
5,962
18,269
10,307
7,962
7,807
6,225
8,475
6427
24,408
12,469
2839
662
8,968
887
91,139
78,419
484
237
5,889
17,707
10,031
7,676
7,708
6,263
8,591
6809
24,732
12,720
2880
645
9,195
867
91,856
79,017
502
233
5978
17,697
10,017
7,680
7745
6,271
8,676
7004
24,910
12,839
1,895
25,223
20,743
288
60
1,625
3,829
1,900
1,930
2,305
1,705
2,462
1,924
6,545
4,480
610
398
3,471
2,099
25,675
21,173
293
61
1,607
3,909
1,928
1,980
2378
1,747
2,518
2007
6,654
4,502
621
397
3,483
2,174
25957
21,408
300
60
1 655
3,924
1,958
1,966
2430
1,763
2,542
2,461
26161
21,629
293
57
1 651
3,985
1,946
2,039
2445
1,786
2,584
2,451
26675
22,111
302
59
1 447
2,560
27005
22362
317
62
1 501
4049
2053
1,996
2666
2437
27547
22830
329
64
1 485
2018
2011
6817
8516
8,646
596
8049
8128
III"
I
II
III
IV
\r
2811
IIr
III"
2461
5060
2149
2911
Earnings by Industry
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Farm
.
.
Nonfarm
Private
Agricultural services forestry, fishing, and other5
Mining
;
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Government and government enterprises
Federal civilian
Military
State and local
See footnotes at end of table.
790
84979
73125
431
237
5504
17,328
9,766
7,562
7227
5,856
8,135
6074
22333
11,854
2691
623
8,541
7351
6,036
8,306
6334
23,330
12,202
2684
650
8,869
6441
23,738
12,311
2683
654
8,974
2818
663
9,358
6,716
4,549
629
395
3,525
4,533
633
392
3,507
3961
2,024
1,937
2930
1814
2,594
1 929
7076
4,564
631
398
3,534
1843
2,615
4167
2114
2052
2738
1 904
2643
2118
7191
2177
4643
637
394
4717
3612
7323
641
387
3689
SURVEY OF CURRENT BUSINESS
February 1998 •
35
and Earnings by Industry, 1996:1-1997:111—Continued
adjusted at annual rates]
I
III
K
IV
1997
1996
1997
II
Minnesota
Kansas
Iowa
1996
IK
I
III''
llr
\r
IV
III
II
I
III"
Line
1997
1996
II
III
IV
I"
IIr
II
I"
62,444
59,635
2,808
63,330
60,332
2,999
64,071
60,911
3,161
64,608
61,393
3,215
65,608
62,207
3,401
66,547
63,156
3,391
66,789
63,822
2,967
58,546
57,507
1,040
59,253
58,184
1,070
59,992
58,829
1,163
60,546
59,347
1,199
61,519
60,336
1,183
62,694
61,460
1,234
63,322
62,060
1,262
116,196
114,621
1,575
118,885
117,058
1,827
120,959
119,032
1,927
122,079
120,228
1,852
123,362
121,527
1,835
125,624
123,598
2,026
127,214
125,391
1,823
1
2
3
43,883
3,093
44,600
3,126
45,169
3,153
45,569
3,173
46,175
3,210
47,034
3,270
47,159
3,304
94,666
6,664
340
-702
-720
-735
-746
-746
-768
-784
41,091
11,484
9,868
41,783
11,559
9,988
42,333
11,679
10,059
42,712
11,754
10,142
43,308
11,943
10,357
44,096
12,030
10,421
44,194
12,107
10,487
43,855
3,084
1,052
41,822
12,022
9,478
93,265
6,563
332
43,388
3,060
1,059
41,386
11,886
9,422
91,247
6,446
343
42,343
2,994
1,117
40,466
11,719
9,335
90,738
6,398
316
41,804
2,945
1,064
39,923
11,468
9,155
90,066
6,363
316
41,347
2,919
1,031
39,458
11,455
9,078
88,471
6,263
310
40,707
2,878
1,054
38,883
11,350
9,021
86,121
6,130
301
40,048
2,840
1,031
38,240
11,367
8,940
79,288
20,504
16,403
81,488
20,816
16,581
82,968
21,294
16,697
83,593
21,599
16,887
84,055
22,054
17,252
85,934
22,295
17,395
87,219
22,502
17,494
182
189
182
188
204
189
183
155
144
139
152
146
159
149
378
361
341
397
401
400
369
9,687
9,799
9,878
9,954
10,153
10,232
10,304
8,785
8,877
8,939
9,004
9,189
9,262
9,329
16,025
16,221
16,356
16,490
16,851
16,995
17,125
4
5
6
7
8
9
10
11
33,007
4,021
6,855
2,535
4,320
33,538
4,042
7,020
2,726
4,293
33,955
4,050
7,164
2,890
4,273
34,316
4,047
7,206
2,948
4,258
34,661
4,046
7,468
3,132
4,336
35,437
4,114
7,483
3,118
4,365
35,930
4,145
7,084
2,691
4,393
31,137
3,801
5,110
31,712
3,826
5,168
32,276
3,864
5,207
32,693
3,863
5,249
33,185
3,876
5,281
34,048
3,954
5,386
34,430
3,966
5,458
806
827
910
938
918
966
991
4,304
4,342
4,297
4,311
4,363
4,420
4,467
69,838
8,007
8,276
1,210
7,066
71,704
8,090
8,678
1,450
7,228
73,109
8,112
8,846
1,537
7,309
73,809
8,080
8,849
1,449
7,399
74,244
8,049
8,954
1,428
7,526
75,862
8,167
9,236
1,614
7,622
77,287
8,265
9,115
1,406
7,708
12
13
14
15
16
2,808
41,075
34,482
2,999
41,601
35,024
3,161
42,008
35,340
3,215
42,354
35,671
3,401
42,774
35,915
3,391
43,643
36,815
2,967
44,192
37,322
1,040
39,008
32,010
1,070
39,637
32,625
1,163
40,184
33,157
1,199
40,605
33,505
1,183
41,160
34,152
1,234
42,154
34,965
1,262
42,593
35,380
1,575
84,546
73,165
1,827
86,644
75,105
1,927
88,139
76,381
1,852
88,886
77,218
1,835
89,412
77,908
2,026
91,239
79,859
1,823
92,843
81,219
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
348
76
357
80
359
80
362
81
368
78
382
82
395
84
258
393
264
400
270
397
272
394
286
403
288
423
299
420
388
443
398
466
416
446
403
458
410
427
427
447
441
439
2,854
9,224
5,630
3,593
2,673
2,838
4,078
3,002
9,389
6,592
2,697
9,417
5,779
3,638
2,693
2,887
4,126
3,151
9,616
6,577
2,699
9,528
5,900
3,628
2,689
2,956
4,157
3,075
9,795
6,669
2,619
9,505
5,838
3,667
2,710
3,022
4,214
3,272
9,886
6,683
2,783
9,594
5,951
3,644
2,753
3,029
4,229
3,113
9,967
6,859
2,750
9,811
6,092
3,719
2,822
3,110
4,254
3,410
10,193
6,829
2,699
10,037
6,273
3,764
2,870
3,120
4,329
3,490
10,298
6,871
2,448
7,413
4,653
2,760
3,222
2,919
3,908
2,355
9,095
6,998
1,199
2,513
7,584
4,794
2,789
3,199
2,950
4,002
2,419
9,295
7,012
1,209
2,431
7,922
5,104
2,818
3,202
3,018
4,018
2,460
9,440
7,026
1,203
2,443
7,952
5,128
2,824
3,164
3,122
4,104
2,465
9,589
7,099
1,218
2,500
7,907
5,081
2,826
3,498
3,156
4,169
2,407
9,827
7,008
1,254
2,583
8,160
5,252
2,908
3,403
3,150
4,259
2,618
10,082
7,189
1,240
2,603
8,208
5,237
2,971
3,429
3,196
4,342
2,688
10,194
7,213
1,237
4,884
18,337
10,674
7,662
5,543
6,822
7,787
7,014
21,947
11,380
1,508
5,010
19,026
11,000
8,027
5,563
6,923
7,979
7,273
22,468
11,538
1,534
5,115
19,147
11,194
7,953
5,592
7,183
8,005
7,382
23,094
11,758
1,546
5,041
19,360
11,222
8,139
5,651
7,128
8,125
7,383
23,669
11,668
1,565
5,182
19,554
11,459
8,095
5,888
7,039
8,157
7,169
24,082
11,503
1,602
5,278
19,625
11,731
7,894
5,982
7,209
8,322
7,918
24,651
11,379
1,588
5,295
20,068
11,983
8,085
6,061
7,333
8,418
8,114
25,050
11,624
1,586
828
125
855
125
863
124
864
124
879
126
880
126
887
127
5,640
5,597
5,682
5,695
5,854
5,822
5,856
708
693
678
674
686
685
676
197
194
194
192
194
193
193
5,091
5,109
5,146
5,207
5,068
5,265
5,300
9,676
9,810
10,018
9,911
9,707
9,598
9,845
South Dakota
North Dakota
1997
1996
I
II
\r
IV
III
Southeast
1997
1996
II'
1
II
I"
II
\r
IV
III
Line
1997
1996
If
I
III"
II
III
IV
lr
IK
III"
12,842
12,146
13,111
12,374
13,347
12,512
13,338
12,550
13,507
12,706
13,758
12,927
13,933
13,098
14,853
13,981
15,239
14,241
696
737
835
788
801
831
835
872
998
15,505
14,359
1,146
15,617
14,427
1,190
15,769
14,594
1,175
16,170
14,898
1,272
16,240
15,085
1,155
1,384,840
1,373,377
11,463
1,409,188
1,395,969
13,219
1,427,939
1,413,833
14,106
1,443,187
1,429,179
14,008
1,472,789
1,458,600
14,189
1,490,004
1,474,313
15,691
1,506,729
1,492,326
14,403
1
2
3
9,078
9,333
9,524
9,473
9,566
9,782
9,950
10,441
10,797
11,008
11,074
11,123
11,505
11,541
939,995
64,335
6,154
881,813
250,593
252,434
3,287
249,147
960,492
65,438
5,688
900,742
252,982
255,464
3,188
252,276
973,119
66,176
5,877
912,821
257,681
257,437
3,071
254,367
983,826
66,760
5,927
922,993
260,422
259,772
3,192
256,580
1,002,686
68,266
5,993
940,414
266,010
266,366
3,236
263,129
1,014,841
68,792
5,690
951,740
269,220
269,045
3,324
265,721
1,027,262
69,555
5,676
963,383
271 ,926
271,420
3,330
268,090
4
5
6
7
8
9
10
11
758,080
87,301
94,614
8,712
85,902
775,090
88,112
97,289
10,447
86,843
786,854
88,345
97,921
11,329
86,591
797,106
88,376
98,344
11,246
87,097
814,000
89,046
99,640
11,395
88,245
823,157
89,576
102,108
12,864
89,245
835,152
90,174
101,935
11,543
90,393
12
13
14
15
16
11,463
928,532
767,111
6,311
8,415
57,397
165,787
86,651
79,135
68,476
57,976
95,524
60,827
246,400
161,421
32,360
19,218
109,842
13,219
947,273
785,776
6,570
8,621
59,271
168,994
88,949
80,045
69,224
59,471
97,373
63,526
252,725
161,497
32,476
19,218
109,802
14,106
959,013
795,552
6,710
8,568
59,821
169,802
89,594
80,208
70,431
60,073
98,321
64,355
257,472
163,461
32,412
19,282
111,767
14,008
969,819
805,367
6,692
8,729
60,815
170,735
89,626
81,110
69,912
61,152
100,209
65,237
261,886
164,452
32,569
19,234
112,650
14,189
988,497
820,284
6,929
8,565
61,585
171,806
90,592
81,214
70,900
62,601
102,514
64,881
270,502
168,213
33,531
19,651
115,030
15,691
999,150
831,758
7,135
8,791
61,944
172,886
91,632
81,253
71,886
62,850
102,249
69,577
274,440
167,392
33,432
19,568
114,393
14,403
1,012,859
844,100
7,415
8,791
62,337
173,714
92,211
81,503
73,107
63,740
103,737
71,414
279,846
168,758
33,294
19,625
115,840
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
673
688
693
-267
-277
-280
8,139
2,379
2,324
8,368
2,395
2,348
8,550
2,431
2,365
691
698
711
721
744
761
-280
-283
-290
-295
-153
-157
8,502
2,451
2,385
8,584
2,494
2,429
8,782
2,519
2,457
8,933
2,539
2,460
9,544
2,745
2,564
9,879
2,764
2,596
765
764
770
791
800
-160
-159
-158
-166
-168
10,083
2,802
2,621
10,150
2,822
2,645
10,195
2,870
2,705
10,548
2,896
2,726
10,572
2,918
2,751
29
28
28
31
32
43
30
15
14
16
17
17
15
17
2,295
2,320
2,337
2,354
2,397
2,414
2,430
2,548
2,582
2,605
2,628
2,688
2,712
2,733
6,733
6,930
7,022
7,039
7,105
7,256
7,390
7,303
7,497
7,566
7,589
7,632
7,872
7,991
697
712
716
711
710
724
734
879
894
892
885
882
905
911
1,648
1,691
1,785
1,723
1,751
1,802
1,827
2,260
2,406
2,550
1,045
1,505
2,600
1,085
1,515
2,608
1,069
1,539
2,729
1,164
1,565
2,639
1,046
1,592
598
636
730
679
691
720
722
778
900
1,050
1,055
1,055
1,045
1,060
1,082
1,105
1,481
1,506
696
737
835
788
801
831
835
872
998
8,383
6,619
8,596
6,819
8,688
6,902
8,685
6,906
8,765
6,976
8,951
7,125
9,116
7,266
9,569
7,868
9,799
8,071
1,146
9,862
8,200
1,190
9,884
8,204
1,175
9,948
8,238
71
182
610
670
405
265
803
720
897
470
72
188
618
696
424
273
817
738
915
491
73
187
646
705
432
273
815
758
922
496
75
187
595
716
437
279
814
757
941
501
75
179
569
741
459
283
831
754
945
483
77
196
600
747
457
290
847
783
941
520
80
193
633
758
469
289
857
796
952
539
136
117
617
140
118
648
141
117
645
139
120
632
145
111
628
153
113
647
159
116
665
1,377
1,413
987
426
720
629
1,454
1,018
1,430
966
410
699
630
1,478
1,024
1,542
1,088
1,547
1,107
454
717
622
455
732
666
440
733
666
643
676
684
703
679
732
756
2,459
1,850
2,531
1,701
2,590
1,728
2,639
1,662
2,663
1,679
2,700
1,709
2,749
1,704
2,810
1,722
350
326
421
161
427
155
427
148
421
145
435
144
437
140
440
140
1,120
1,147
1,131
1,127
1,142
2,196
1,763
2,283
1,777
2,299
1,786
2,320
1,780
2,399
1,789
2,414
1,826
337
357
339
350
339
343
340
335
342
337
347
332
1,070
1,088
1,105
1,105
1,110
1,147
1,174
1,117
1,137
436
714
663
1,143
1,086
991
438
706
661
1,149
1,113
1,159
1,272
1,155
10,234 - 10,386
8,664
8,530
1,196
1,212
SURVEY OF CURRENT BUSINESS
36 • February 1998
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Arkansas
Alabama
Line
Item
19 96
I
1
2
3
Income by Place of Residence
Personal income (lines 4-11)
.
Nonfarm personal income
Farm income (line 17)
II
1996
1997
III
IV
I'
If
\\\P
I
II
1997
III
IV
\r
II'-
\\\P
84,122
83,333
789
88,998
87,947
1050
89800
88,753
1 047
90,587
89,626
961
46,329
44,864
1,464
47,567
45,597
1,970
48,005
46,084
1,921
48,436
46,402
2,034
48,995
47,071
1,924
50,187
47,781
2406
50,252
48,229
2023
58,198
59,477
4288
684
55,873
12497
17,285
232
17,053
60,236
4334
698
56,601
12725
17,414
210
17,204
60,810
4365
702
57,147
12852
17,568
211
17,357
61,564
4427
728
57,865
13,125
18,008
222
17,786
62,035
4447
740
58,329
13296
18,176
221
17,955
62,543
4479
758
58,821
13,436
18,330
220
18,110
32,214
33,353
2,235
33,629
2,254
33,915
2,260
34,095
2,291
35,152
2325
35,080
2340
-325
-325
-322
-315
-327
-327
29,702
6,855
9,771
208
9,564
30,792
6,903
9,871
204
9,667
31,051
7,030
9,925
190
9,735
31,332
7,101
10,003
195
9,809
31,489
7,244
10,262
224
10,038
32,500
7335
10,352
223
10,129
32,412
7409
10,430
219
10,212
47,817
48,488
5642
804
5302
49,651
5634
6,279
924
5355
50,056
5648
6,331
919
5312
49,028
5638
6,143
837
5306
50,589
5662
6,291
832
5,459
24,465
3008
4,741
1,258
3,483
25,032
3052
5,269
1,752
3,517
25,358
3,069
5,202
1,695
3,507
25,546
3,061
5,308
1,804
3,505
25,852
3,051
5,192
1,691
3,501
26,327
3092
5,733
2,170
3563
26,594
3099
5,387
1,784
3603
789
57,409
46,463
362
616
3493
12,867
7,118
5749
3,997
3295
5,515
3,201
13118
10,946
2633
893
7,419
12
13
14
15
16
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income4
Farm proprietors' income
Nonfarm proprietors' income
87,568
86,605
962
5251
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less* Personal contributions for social insurance '
Plus' Adjustment for residence 2
Equals: Net earnings by place of residence
Plus* Dividends interest and rent3
Plus' Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits ....
86740
85,808
931
46,759
5528
5,911
660
4
5
6
7
8
9
10
11
85655
84,791
863
863
58614
47,693
374
635
931
59305
48,271
391
629
3747
13,297
7,458
5,839
4,142
3405
5,684
3,376
13601
11,034
2553
873
7,608
962
59,847
48,885
387
645
3755
13,400
7,489
5,910
4,047
3,463
5,823
3,358
14,008
10,963
2,518
861
7,583
1 050
60,514
49,418
394
625
3769
13,345
7,504
5,842
4,058
3,511
5,909
3,415
14,393
11,095
2,571
863
7,661
1 047
60988
49,848
399
625
1464
1970
31,383
26,422
263
164
1,934
7,599
4,256
3,343
2,755
1,658
3,564
1,563
6,923
4,960
886
283
3,792
1,921
31,708
26,630
260
162
1,969
7,611
4,281
3,331
2,780
1,689
3,558
1,590
7,011
5,077
887
283
3,908
2,034
31,880
26,763
262
161
1,982
7,595
4,250
3,345
2,793
1,693
3,633
1,602
7,042
5,118
899
282
3,937
1924
30,750
25,829
253
160
2406
32,746
27,546
280
170
2023
33,057
27,807
292
168
1 961
7,750
4,326
3,424
2,875
4214
663
54,648
12413
17,061
229
16,832
2197
-315
Earnings by Place of Work
5613
6048
735
6107
5412
Earnings by Industry
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Farm
Nonfarm
Private . . .
Agricultural services forestry fishing and other5
Mining
Construction
Manufacturing
.
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Federal civilian
Military
State and local
3651
13273
7,447
5,826
4,014
3373
5,654
3,321
13397
10,921
2593
868
7,460
3812
13,487
7,583
5,904
4,023
3544
5,937
3,542
14,478
11,139
2566
855
7,719
961
61,582
50,365
417
630
3,774
13,492
7,599
5,894
4,086
3,597
6,002
3,634
14,733
11,217
2,555
857
7,805
1849
7,494
4,131
3,362
2,725
1,641
3,469
1,482
6,757
4,921
885
285
3,750
Louisiana
Item
Line
Income by Place of Residence
1 Personal income (lines 4-11) 2
Nonfarm personal income
3
Farm income (line 17)
II
IV
1948
7,715
4,303
3,412
2,848
1 759
3,750
1,695
7380
5,200
927
291
3,981
1996
1997
III
1850
7,636
4,244
3,392
2,792
1,714
3,809
1,599
7,198
5,138
936
290
3,913
\f
II'
\\\P
I
II
1997
III
IV
lr
II'-
85273
84,617
656
86111
85377
734
86892
86,257
635
88374
87,739
634
89748
89,059
689
90,871
90,154
717
46721
46,004
718
47,627
46,775
852
48,188
47,274
913
48,402
47,516
886
49263
48,348
915
50109
49,109
1,000
50571
49638
933
56918
3682
32,101
2,379
1,045
30,767
6,079
10,781
140
10,642
32,416
2,399
1,064
31,081
6,191
10,915
134
10,782
32,405
2,395
1,087
31,097
6,253
11,052
146
10,906
32902
2,439
1,112
31,574
6,375
11,313
133
11,181
33605
2,481
1 114
32,239
6,453
11,417
127
11,289
33898
2,501
1 132
32,529
26737
3025
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less1 Personal contributions for social insurancel
Plus* Adjustment for residence 2
Equals' Net earnings by place of residence
Plus1 Dividends interest and rent3
Plus: Transfer payments
State unemployment insurance benefits
.
Transfers excluding State unemployment insurance benefits ....
58100
3,747
58654
3,778
59228
3,816
60024
3,878
61 139
3,937
62011
3,982
-142
-147
-146
-150
-147
-150
-155
53,094
12666
18,157
142
18,015
54,206
12,732
18,335
134
18,201
54,730
12925
18,455
139
18,317
55,263
13,026
18,603
146
18,456
55,999
13,279
19,095
157
18,938
57,052
13,434
19,263
135
19,128
57,874
13,560
19,437
135
19,302
31416
2,341
1,023
30,098
6,034
10,589
140
10,449
12
13
14
15
16
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income4
Farm proprietors' income
Nonfarm proprietors' income
45040
5204
6,673
403
6270
46002
5253
6,845
510
6335
46489
5256
6,909
582
6327
47,109
5,258
6,861
481
6,380
47806
5,275
6,944
478
6,466
48711
5,342
7,086
531
6,555
49430
5,387
7,194
557
6,637
24613
2,977
3,826
562
3264
25129
3,003
3,970
688
3282
25,416
2,996
4,004
742
3,262
25,464
2,960
3,981
712
3,269
25898
2,966
4,037
739
3298
26432
542
56376
46492
311
2,662
4077
8090
3,131
4,960
4466
3,134
5,369
2947
15435
9,884
656
57443
47530
320
2,755
4246
8,195
3,291
4,905
4475
734
57921
47967
318
2,730
4223
8263
3,344
4,920
634
59390
49,199
330
2,953
4243
8,299
3,359
4,940
4,624
3,325
5,638
16021
9,954
16,336
10,087
1,546
789
7752
16,696
10,191
1,612
795
7784
7981
4315
913
31,502
25,345
231
251
1,886
7,196
4,474
2,722
2,213
1,515
3,223
1,461
7,369
6,157
1,082
670
4,405
1,000
32606
26296
263
286
1 913
3091
718
30699
24,582
214
235
1,868
7,056
4,341
2,715
2,159
1,455
3,143
1,413
7,038
6,117
1,110
692
915
31 987
25734
265
260
3180
717
61294
50,923
355
3,025
4454
8,570
3,627
4,943
4,779
3,454
5,733
3409
17,144
10,371
1,585
805
886
31519
25,365
231
247
3113
689
60450
50,140
342
2,972
4427
8,384
3,474
4,910
4,672
3,416
5,675
3328
16,923
10,310
1,594
794
7922
852
31249
25,132
230
247
3,264
5,444
635
58,593
48,506
329
2,736
4,231
8,266
3,318
4,948
4,535
3,311
5,582
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services forestry, fishing and other5
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
.
Retail trade
Finance insurance and real estate
Services
Government and government enterprises
Federal civilian
Military
State and local
See footnotes at end of table.
III*
83917
83375
542
4
5
6
7
8
9
10
11
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
1780
3,801
1,728
7,454
5,250
928
292
4,030
Mississipp
19 96
I
32,171
27,032
274
160
..
3218
5,454
3080
15787
9,913
4591
1505
1514
1530
824
7556
796
7603
791
7632
1893
7,205
4,461
2,743
2199
1,489
3,206
1464
7,200
6,117
1,091
662
4364
1894
7,087
4,364
2,723
2,203
1,508
3,291
1,474
7,430
6,154
1,083
666
4405
1865
7104
3011
4,162
821
3341
7194
4,391
2,714
4457
2,737
2217
2241
1565
1,529
3,344
1434
7,715
6,253
1 128
698
4427
3,366
1 577
7890
6,310
1 120
689
4501
6516
11,525
137
11,389
4136
753
3383
933
32965
26526
273
287
1 947
7207
4514
2693
2256
1 583
3,397
1588
7988
6,439
1 100
676
4663
SURVEY OF CURRENT BUSINESS
February 1998 • 37
and Earnings by Industry, 1996:1-1997:llh-Continued
adjusted at annual rates]
Kentucky
Georgia
Florida
1997
1996
1997
1996
Line
1997
1996
I
II
III
IV
K
IK
III''
371,547
369,657
1,890
164,063
162,411
1,652
168,023
166,140
1,882
170,891
168,819
2,073
172,857
170,657
2,200
176,818
174,688
2,130
178,647
176,430
2,218
181,433
179,247
2,185
75,075
74,152
922
76,525
75,486
1,039
77,707
76,350
1,357
78,235
77,212
1,022
79,899
78,812
1,086
80,934
79,670
1,263
81,762
80,437
1,325
1
2
3
218,424
14,804
221,839
15,013
121,865
7,926
125,459
8,129
127,661
8,258
129,084
8,319
131,988
8,543
133,199
8,584
135,579
8,722
52,235
3,700
53,513
3,774
54,423
3,811
54,775
3,852
55,944
3,943
56,709
3,976
57,312
4,006
528
530
-315
-322
-320
-352
-370
-371
-386
204,148
93,970
68,729
207,356
94,846
69,345
48,221
11,805
15,049
49,417
11,885
15,222
50,291
12,083
15,332
50,570
12,194
15,470
51,630
12,443
15,826
52,362
12,594
15,978
52,920
12,719
16,122
I
II
III
IV
K
IK
342,159
340,533
1,625
346,800
345,003
1,797
351,320
349,488
1,832
355,118
353,278
1,840
362,557
360,681
1,876
366,848
364,799
2,049
204,076
13,964
206,907
14,085
209,327
14,224
211,587
14,337
215,724
14,676
498
507
517
524
540
190,610
87,172
64,376
193,329
88,311
65,160
195,620
90,011
65,689
197,773
91,058
,66,286
201,587
92,963
68,007
III"
1
II
III
IV
K
IK
III''
701
683
679
707
721
768
767
284
277
280
307
300
304
303
246
237
222
234
237
249
266
63,676
64,477
65,010
65,579
67,286
67,961
68,579
24,142
24,424
24,605
24,811
25,472
25,734
25,973
14,803
14,985
15,110
15,236
15,589
15,729
15,856
4
5
6
7
8
9
10
11
166,197
19,285
18,595
168,762
19,206
18,938
171,304
19,123
18,900
173,518
19,064
19,005
179,537
19,363
19,523
1,177
18,346
182,688
19,566
19,585
1,008
18,578
98,286
11,013
12,567
1,426
11,141
101,312
11,201
12,945
1,658
11,287
103,310
11,276
13,075
1,851
11,224
104,489
11,271
13,324
1,982
11,343
107,145
11,404
13,439
1,909
11,530
108,046
11,432
13,721
1,994
11,727
110,149
11,549
13,881
1,959
11,922
41,635
5,207
5,393
42,684
5,277
5,553
43,911
5,300
5,563
44,879
5,356
5,709
827
888
4,736
4,821
45,413
5,388
5,908
1,063
4,845
45,907
5,396
6,009
1,122
4,887
12
13
14
15
16
2,049
216,375
183,370
2,366
1,890
219,949
186,743
2,448
1,652
120,214
101,496
1,882
123,576
104,641
2,073
125,589
106,414
2,200
126,884
107,567
2,130
129,858
110,249
2,218
130,981
111,327
2,185
133,393
113,555
1,022
53,752
44,639
1,086
54,858
45,578
1,263
55,446
46,351
1,325
55,987
46,718
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
740
919
965
988
17,854
18,019
17,935
18,017
177,350
19,218
19,156
1,015
18,141
1,625
202,451
169,752
2,116
1,797
205,109
173,338
2,204
1,832
207,495
175,026
2,247
1,840
209,747
177,265
2,195
1,876
213,847
179,673
2,278
-170
113,769
25,867
24,426
-194
117,136
26,186
24,701
-206
119,197
26,809
24,885
-205
120,560
27,179
25,118
-222
123,223
27,823
25,772
-218
124,397
28,213
26,038
-237
126,620
28,536
26,276
365
358
377
495
330
333
337
669
341
704
358
722
351
723
351
743
332
772
374
809
374
12,465
18,682
11,886
6,796
13,782
13,460
24,045
17,860
66,977
32,698
5,298
2,971
24,430
12,593
19,016
12,027
6,989
14,057
14,021
24,287
18,647
68,156
31,771
5,361
2,965
23,445
12,727
18,866
11,906
6,960
14,074
13,880
24,541
18,835
69,480
32,469
5,351
2,955
24,162
12,837
19,023
11,975
7,048
13,895
14,325
24,988
19,071
70,436
32,482
5,394
2,980
24,109
12,647
18,994
11,958
7,036
14,179
14,366
25,507
18,634
72,738
34,174
5,512
3,137
25,525
12,810
19,384
12,318
7,066
14,532
14,518
25,285
20,094
74,047
33,005
5,536
3,193
24,275
12,949
19,590
12,512
7,079
14,786
14,733
25,738
20,647
75,516
33,206
5,541
3,166
24,499
7,083
20,303
9,256
11,047
11,856
10,390
11,475
8,539
30,840
18,718
3,983
2,171
12,564
7,322
21,037
9,660
11,377
11,937
10,604
11,782
8,876
32,020
18,936
4,008
2,202
12,726
7,040
21,377
9,790
11,587
12,200
10,790
12,050
9,055
32,830
19,175
4,009
2,224
12,942
7,199
21,682
9,922
11,760
12,080
10,996
12,207
9,195
33,134
19,317
4,040
2,249
13,028
7,243
21,884
9,884
12,001
12,332
11,521
12,361
9,221
34,610
19,609
4,161
2,310
13,138
7,395
21,679
9,996
11,683
12,405
11,355
12,400
10,052
34,895
19,654
4,147
2,284
13,223
7,467
21,525
9,877
11,648
12,815
11,585
12,703
10,382
35,897
19,838
4,094
2,306
13,438
727
843
4,666
4,709
43,264
5,284
5,875
1,160
4,714
922
1,039
52,474
43,558
1,357
53,066
44,091
51,313
42,536
353
364
373
373
380
394
408
1,345
2,986
11,779
7,145
4,634
3,797
2,752
5,282
2,596
11,646
8,777
1,564
1,101
6,112
1,357
3,082
12,024
7,279
4,745
3,938
2,798
5,394
2,701
11,899
8,917
1,574
1,117
6,225
1,345
3,175
12,040
7,346
4,694
4,017
2,869
5,448
2,692
12,132
8,974
1,541
1,127
6,306
1,346
3,191
12,223
7,415
4,808
3,988
2,924
5,534
2,703
12,357
9,113
1,578
1,147
6,388
1,302
3,370
12,430
7,682
4,749
4,048
2,956
5,724
2,751
12,616
9,280
1,567
1,154
6,559
1,368
3,310
12,559
7,715
4,844
4,127
3,042
5,738
2,962
12,850
9,094
1,535
1,138
6,422
1,338
3,294
12,565
7,685
4,880
4,132
3,071
5,773
3,034
13,103
9,269
1,579
1,159
6,531
South Carolina
North Carolina
1997
1996
Tennessee
1997
1996
\r
1996
1
II
III
IV
K
IK
158,014
155,376
2,638
161,859
158,889
2,970
163,920
160,815
3,105
166,616
163,449
3,167
170,544
167,244
3,300
172,999
169,342
3,656
174,230
171,186
3,044
72,080
71,688
73,495
73,077
74,607
74,165
75,377
74,929
76,809
76,347
77,602
77,132
78,662
78,181
114,441
114,140
392
418
442
447
462
470
481
301
115,823
8,151
119,308
8,352
^822
110,134
24,834
26,890
120,679
8,425
122,959
8,563
125,732
8,780
127,580
8,859
128,304
8,929
50,387
3,639
51,548
3,712
52,350
3,766
52,862
3,795
53,725
3,867
54,247
3,894
55,096
3,947
689
716
724
743
767
777
787
47,438
10,983
13,659
48,552
11,056
13,887
49,308
11,248
14,051
49,810
11,359
14,208
50,626
11,623
14,561
51,130
11,776
14,696
51,936
11,904
14,822
83,927
5,446
-1,035
77,445
16,259
20,737
-786
106,886
24,592
26,537
-329
111,424
25,377
27,118
-854
113,542
25,690
27,385
-873
116,079
26,320
28,145
-890
117,830
26,702
28,466
III"
-898
118,476
27,019
28,735
I
III
II
IV
IK
\\\P
I
II
Line
1997
III
IV
K
IK
116,169
115,854
117,626
117,311
118,806
118,492
121,368
121,059
122,635
122,292
123,994
123,658
315
315
314
309
343
336
85,502
5,537
-1,052
78,913
16,353
20,903
86,681
5,614
-1,078
79,990
16,655
20,981
87,604
5,664
-1,087
80,854
16,823
21,130
89,426
5,799
-1,128
82,500
17,190
21,679
90,270
5,830
-1,136
83,304
17,423
21,909
91,299
5,877
-1,141
84,281
17,613
22,099
III"
421
405
385
391
389
409
402
210
204
200
203
195
188
183
336
332
314
326
335
351
346
26,116
26,485
26,734
26,994
27,756
28,057
28,333
13,449
13,683
13,851
14,005
14,366
14,508
14,639
20,401
20,571
20,667
20,804
21,344
21,558
21,753
93,046
10,499
12,278
2,264
10,014
95,811
10,690
12,806
2,595
10,211
97,007
10,716
12,956
2,730
10,226
98,989
10,811
13,160
2,793
10,367
101,337
10,932
13,463
2,922
10,541
102,623
10,986
13,971
3,273
10,697
103,786
11,030
13,488
2,657
10,832
41,506
4,804
4,077
42,530
4,876
4,141
43,276
4,918
4,156
43,772
4,918
4,171
44,538
4,933
4,254
45,016
4,968
4,263
45,776
5,002
4,318
65,902
7,958
10,067
67,281
8,033
10,188
68,406
8,087
10,188
69,261
8,088
10,256
70,807
8,168
10,452
71,447
8,197
10,626
72,259
8,227
10,814
2,638
113,185
94,178
2,970
116,338
97,041
3,105
117,574
98,186
3,167
119,792
100,044
3,300
122,432
102,165
3,656
123,923
103,530
3,044
125,260
104,822
292
319
344
351
365
371
381
168
181
181
180
174
206
198
3,785
3,822
3,813
3,820
3,889
3,892
3,937
9,899
10,007
10,007
10,076
10,278
10,420
10,616
392
418
442
447
462
470
481
301
315
315
314
309
343
336
49,996
40,778
51,130
41,820
51,909
42,407
52,414
42,873
53,263
43,639
53,778
44,133
54,616
44,704
83,626
72,266
85,188
73,699
86,367
74,752
87,290
75,555
89,117
77,302
89,927
77,958
90,963
78,967
661
174
696
180
711
179
729
185
769
189
784
193
818
193
309
75
314
77
323
78
331
77
329
76
348
77
361
77
402
266
414
275
424
275
418
286
432
280
442
269
462
275
7,155
28,899
13,900
14,999
7,439
6,954
11,070
7,006
24,820
19,007
2,539
3,015
13,453
7,567
29,568
14,304
15,264
7,462
7,106
11,356
7,274
25,831
19,297
2,580
3,087
13,629
7,666
29,585
14,352
15,233
7,644
7,196
11,440
7,479
26,286
19,388
2,605
3,112
13,671
7,997
29,774
14,369
15,405
7,628
7,274
11,699
7,683
27,076
19,748
2,621
3,105
14,022
8,186
30,361
15,006
15,355
7,668
7,585
12,016
7,746
27,646
20,266
2,704
3,222
14,341
8,364
30,217
14,820
15,397
7,762
7,685
12,067
8,065
28,393
20,393
2,706
3,238
14,450
8,382
30,415
14,883
15,532
7,846
7,745
12,084
8,300
29,038
20,438
2,717
3,237
14,484
3,412
12,882
5,284
7,597
2,855
2,450
5,525
2,602
10,669
9,218
1,182
1,156
6,880
3,575
13,036
5,391
7,645
2,917
2,505
5,640
2,735
11,022
9,310
1,162
1,169
6,978
3,689
13,130
5,430
7,699
2,997
2,541
5,661
2,780
11,208
9,501
1,161
1,207
7,133
3,738
13,153
5,419
7,734
2,976
2,576
5,774
2,828
11,420
9,542
1,159
1,212
7,171
3,901
13,132
5,459
7,673
2,936
2,676
5,963
2,737
11,890
9,624
1,186
1,200
7,238
3,730
13,369
5,557
7,812
2,991
2,718
5,953
3,021
11,927
9,644
1,185
1,166
7,294
3,775
13,419
5,562
7,858
3,028
2,743
6,058
3,092
12,151
9,912
1,186
1,252
7,474
5,068
19,151
10,842
8,309
6,088
5,367
8,849
4,862
22,212
11,359
2,582
5,207
19,248
11,041
8,207
6,285
5,464
9,015
5,120
22,672
11,488
2,601
5,312
19,505
11,274
8,231
6,380
5,571
9,116
5,218
22,953
11,614
2,597
5,420
19,460
11,130
8,330
6,331
5,600
9,243
5,366
23,432
11,735
2,606
5,467
19,510
11,364
8,147
6,613
5,729
9,568
5,308
24,395
11,815
2,726
5,459
19,654
11,368
8,286
6,690
5,724
9,514
5,638
24,568
11,969
2,723
5,563
19,798
11,451
8,346
6,715
5,783
9,611
5,759
25,002
11,996
2,668
413
397
388
340
268
265
260
8,364
8,491
8,630
8,790
8,821
8,981
9,067
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
SURVEY OF CURRENT BUSINESS
38 » February 1998
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
West Virginia
Virginia
Line
Item
1996
1996
1997
1997
I
Income by Place of Residence
1 Personal income (lines 4-11)
2
Nonfarm personal income
Farm income (line 17)
3
4
5
6
7
8
9
10
11
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance '
Plus* Adjustment for residence2
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent3
Plus' Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits ....
12
13
14
15
16
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income 4
Proprietors' income
Farm proprietors' income
Nonfarm proprietors' income
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services forestry fishing and other5 .
Mining
Construction
Manufacturing
. .
.
Durable goods
Nondurable goods
. .
Transportation and public utilities
Wholesale trade
Retail trade . .
Finance, insurance, and real estate
Services
Government and government enterprises
Federal civilian
Military
State and local
II
III
IV
\r
II r
165,259
164,818
441
167,219
166,747
472
169,444
168,949
494
171,277
170,768
510
175,302
174,793
509
176,238
175,686
552
178,236
177,724
512
32,659
32,681
-21
32,976
32,993
-16
33,381
33,391
-10
33,603
33,612
-10
33,864
33,871
-8
34,258
34,259
-2
34,585
34,589
-4
112,298
7,521
5,895
110,672
30,899
23,688
204
23,483
114,406
7,638
5,427
112,195
31,065
23,959
183
23,776
115,941
7,731
5,607
113,817
31,478
24,148
174
23,974
117,385
7,810
5,652
115,227
31,698
24,353
174
24,179
120,391
8,040
5,668
118,019
32,345
24,938
177
24,761
121,025
8,054
5,396
118,367
32,696
25,175
184
24,992
122,603
8,144
5,384
119,844
32,996
25,396
194
25,202
20,637
1,555
148
19,230
5,046
8,384
168
8,216
20,818
1,563
172
19,428
5,080
8,469
157
8,312
21,121
1,582
171
19,710
5,148
8,524
145
8,379
21,213
1,584
189
19,818
5,190
8,595
151
8,444
21,172
1,584
234
19,822
5,281
8,761
148
8,614
21,457
1,602
228
20,083
5,329
8,846
165
8,681
21,698
1,616
231
20,313
5,371
8,902
159
8,743
94,046
9,823
8,428
259
8,169
95,974
9,915
8,517
289
8,227
97,494
9,971
8,475
312
8,164
98,883
10,017
8,485
328
8,157
101,635
10,164
8,592
325
8,267
102,187
10,172
8,666
366
8,300
103,666
10,250
8,687
323
8,364
16,585
1,994
2,058
-47
2,106
16,756
1,991
2,070
-42
2,113
17,041
2,007
2,073
-36
2,109
17,136
1,991
2,086
-36
2,122
17,102
1,947
2,123
-34
2,157
17,362
1,976
2,118
-28
2,147
17,571
1,982
2,144
-31
2,175
441
111,857
85,964
591
630
6,682
15,160
7,691
7,470
7,629
6,106
9,813
7,506
31,847
25,892
8,239
5,603
12,050
472
113,934
87,979
609
635
6,909
15,458
7,915
7,543
7,476
6,238
10,019
7,899
32,737
25,955
8,264
5,577
12,114
494
115,447
89,303
, 634
' 618
7,044
15,520
7,998
7,523
7,696
6,337
10,141
7,901
33,412
26,144
8,242
5,558
12,344
510
116,875
90,699
637
657
7,179
15,742
8,114
7,628
7,754
6,456
10,376
7,914
33,985
26,177
8,257
5,508
12,412
509
119,882
93,143
656
625
7,601
15,931
7,976
7,955
7,760
6,629
10,569
8,107
35,266
26,739
8,525
5,619
12,595
552
120,473
93,904
664
628
7,483
15,896
8,174
7,723
7,906
6,462
10,469
8,698
35,698
26,569
8,441
5,559
12,570
512
122,091
95,423
690
623
7,460
16,009
8,285
7,724
8,089
6,586
10,722
8,921
36,323
26,668
8,372
5,516
12,780
-21
20,658
16,775
72
1,545
1,258
3,423
1,926
1,497
1,683
972
1,969
813
5,038
3,883
839
94
2,950
-16
20,834
16,922
77
1,581
1,293
3,336
1,877
1,458
1,709
999
2,001
845
5,082
3,912
843
93
2,976
-10
21,131
17,158
78
1,573
1,342
3,410
1,941
1,469
1,698
1,016
2,017
854
5,169
3,973
854
94
3,026
-10
21,223
17,207
77
1,544
1,391
3,331
1,860
1,471
1,683
1,027
2,058
863
5,233
4,016
870
93
3,053
-6
21,179
17,152
80
1,432
1,443
3,179
1,766
1,413
1,674
1,061
2,106
838
5,339
4,028
902
97
3,029
-2
21,459
17,354
80
1,495
1,293
3,346
1,868
1,478
1,689
1,062
2,095
903
5,391
4,104
952
96
3,057
-4
21,701
17,546
83
1,465
1,311
3,373
1,891
1,483
1,699
1,081
2,115
920
5,498
4,155
969
97
3,089
\\\P
I
II
III
Income by Place of Residence
1 Personal income (lines 4-1 1 )
2
Nonfarm personal income .
3
Farm income (line 17)
II
1996
1997
1996
I
III
IV
lr
II'-
Ilk
Texas
Oklahoma
Item
Line
IV
I'
II'-
Ilk
1997
I
II
III
IV
I'
II'
Ilk
63,239
62,873
366
64,273
63,916
357
65,003
64,644
359
65,541
65,184
356
67,017
66,655
362
67,547
67,164
383
68,659
68,268
391
415,838
413,896
1,943
423,301
421,312
1,988
430,334
428,349
1,984
435,376
433,397
1,979
445,924
443,977
1,947
454,244
452,203
2,040
460,215
458,173
2,042
310,744
19,564
316,987
19,912
322,488
20,278
326,378
20,475
334,307
21,082
341,532
21,498
346,425
21,749
4
5
6
7
8
9
10
11
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
1
Less Personal contributions for social insurance '
Plus* Adjustment for residence 2
Equals' Net earnings by place of residence
Plus* Dividends interest and rent3
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits ....
42,479
3,008
715
40,186
10,157
12,896
127
12,769
43,251
3,056
731
40,927
10,330
13,016
106
12,910
43,615
3,078
742
41,279
10,613
13,111
108
13,003
43,856
3,088
750
41,519
10,801
13,222
117
13,105
44,911
3,177
761
42,495
10,996
13,526
113
13,414
45,188
3,187
779
42,780
11,121
13,646
109
13,536
46,152
3,250
783
43,685
11,223
13,750
102
13,648
290,367
62,691
62,780
1,042
61,739
296,242
63,491
63,568
1,009
62,558
301,345
64,901
64,088
987
63,101
305,021
65,701
64,653
967
63,686
312,304
67,089
66,531
1,078
65,452
319,079
67,935
67,230
1,078
66,151
323,705
68,635
67,875
1,085
66,790
12
13
14
15
16
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income 4
Proprietors' income
Farm proprietors' income
Nonfarm proprietors' income
32,645
3,953
5,881
210
5,671
33,359
3,992
5,900
207
5,693
33,759
3,988
5,868
214
5,654
34,020
3,966
5,871
215
5,656
34,950
4,043
5,918
219
5,699
35,185
4,034
5,969
238
5,731
36,003
4,112
6,037
244
5,793
235,129
25,444
50,172
1,156
49,016
240,332
25,660
50,995
1,231
49,764
245,501
25,910
51,077
1,253
49,824
248,797
25,936
51,644
1,265
50,379
255,784
26,366
52,157
1,225
50,932
261,768
26,819
52,945
1,310
51,635
265,711
27,011
53,704
1,302
52,401
366
42,113
33,754
245
2,087
2,160
6,726
4,303
2,423
3,612
2,157
4,279
2,243
10,246
8,359
1,921
990
5.448
357
42,894
34,510
248
2,132
2,146
7,026
4,588
2,438
3,627
2,220
4,347
2,282
10,483
8,384
1,944
995
5.445
359
43,256
34,730
249
1,990
2,122
7,143
4,651
2,492
3,576
2,224
4,404
2,330
10,692
8,525
1,949
991
5.585
356
43,500
34,984
245
2,039
2,146
7,109
4,583
2,526
3,530
2,252
4,478
2,320
10,864
8,517
1,982
974
5.560
362
44,549
35,935
260
2,093
2,164
7,409
4,776
2,633
3,739
2,270
4,532
2,302
11,166
8,614
2,043
967
5.603
383
44,806
36,246
259
2,091
2,123
7,440
4,810
2,630
3,572
2,311
4,567
2,536
11,347
8,559
2,059
964
5.537
391
45,761
37,088
269
2,092
2,133
7,831
5,155
2,676
3,664
2,342
4,619
2,595
11,544
8,673
2,053
983
5.637
1,943
308,802
263,010
1,826
13,104
19,194
52,297
28,281
24,016
27,309
20,512
28,752
20,977
79,038
45,792
8,061
4,091
33.640
1,988
314,999
268,596
1,863
13,204
19,776
52,500
28,216
24,284
27,842
21,018
29,362
21,966
81,065
46,403
8,101
4,109
34.193
1,984
320,504
273,454
1,884
13,238
19,971
53,488
28,979
24,509
28,065
21,405
29,644
22,052
83,707
47,050
8,108
4,098
34.844
1,979
324,399
277,302
1,901
13,333
20,344
53,880
29,224
24,656
28,128
21,823
30,284
22,024
85,585
47,097
8,095
4,100
34.902
1,947
332,359
284,566
1,942
14,192
19,913
54,364
29,459
24,904
29,691
22,471
30,732
22,327
88,934
47,794
8,404
4,196
35.193
2,040
339,491
291,135
1,997
13,877
20,379
56,024
30,951
25,074
29,637
23,077
31,186
23,752
91,206
48,356
8,411
4,190
35.755
2,042
344,383
295,640
2,076
13,934
20,541
56,251
30,967
25,284
30,293
23,504
31,608
24,380
93,051
48,743
8,364
4,174
36.205
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Earnings by Industry
Farm
Nonfarm
Private
.. .
Agricultural services forestry fishing and other5
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Government and government enterprises
Federal civilian
Military
State and local
See footnotes at end of table.
-813
-833
-665
-681
-920
-955
-972
SURVEY OF CURRENT BUSINESS
February 1998
•
39
and Earnings by Industry, 1996:1-1997:111—Continued
adjusted at annual rates]
New Mexico
Arizona
Southwest
1997
1996
1997
1996
1996
Line
1997
1
II
III
IV
r
II'
603,099
599,858
3,241
613,576
610,204
3,372
623,327
619,858
3,468
630,151
626,743
3,409
645,366
641,945
3,421
656,488
652,797
3,692
665,435
661,779
3,656
92,200
91,583
93,851
93,172
95,623
94,873
96,709
96,005
99,123
98,401
100,860
100,033
102,407
101,587
31,823
31,507
32,152
31,804
32,367
31,992
32,526
32,156
33,301
32,913
33,837
33,396
34,154
33,751
617
678
750
704
723
828
820
316
348
375
369
388
441
403
438,507
28,610
446,939
29,077
454,102
29,542
458,976
29,789
470,115
30,657
479,383
31,175
486,666
31,575
63,392
4,436
64,625
4,496
65,881
4,569
66,599
4,606
68,239
4,736
69,586
4,808
70,808
4,881
21,892
1,601
22,076
1,613
22,118
1,616
22,143
1,619
22,658
1,662
23,077
1,682
23,281
1,695
215
223
213
216
193
186
180
239
246
249
256
258
263
265
74
79
87
91
93
99
103
410,112
94,927
98,060
1,416
96,644
418,086
96,183
99,307
1,364
97,942
424,773
98,404
100,150
1,338
98,812
429,404
99,690
101,058
1,329
99,729
439,651
101,849
103,866
1,439
102,426
448,393
103,170
104,926
1,432
103,494
455,271
104,263
105,902
1,432
104,470
59,195
16,945
16,060
60,376
17,185
16,290
61,560
17,623
16,439
62,249
17,868
16,592
63,761
18,328
17,034
65,040
18,613
17,207
66,193
18,849
17,365
20,365
5,134
6,324
20,541
5,178
6,432
20,589
5,267
6,511
20,615
5,320
6,591
21,090
5,436
6,774
21,494
5,500
6,843
21,688
5,555
6,911
170
174
168
164
166
165
164
77
75
75
81
82
79
81
15,890
16,116
16,271
16,429
16,868
17,042
17,201
6,247
6,357
6,436
6,510
6,692
6,764
6,830
336,629
36,931
64,947
1,920
63,027
343,774
37,195
65,970
2,085
63,885
350,542
37,465
66,095
2,213
63,882
354,878
37,440
66,658
2,171
64,486
364,682
38,064
67,369
2,168
65,201
372,250
38,609
68,523
2,424
66,099
378,263
38,954
69,449
2,374
67,075
51,305
5,576
6,510
52,370
5,593
6,663
53,512
5,635
6,734
54,223
5,625
6,752
55,663
5,709
6,866
56,719
5,790
7,077
57,768
5,858
7,182
17,550
1,958
2,384
17,713
1,950
2,412
17,770
1,933
2,416
17,840
1,913
2,391
18,285
1,946
2,428
18,579
1,966
2,533
18,781
1,974
2,527
3,241
435,266
365,392
2,805
16,947
27,650
69,425
40,807
28,618
35,948
27,392
42,432
29,682
113,111
69,874
13,222
6,432
50,219
3,372
443,568
373,168
2,874
16,897
28,190
70,216
41,228
28,987
36,586
28,100
43,357
30,971
115,977
70,400
13,245
6,459
50,696
3,468
450,634
379,245
2,910
16,731
28,394
71,382
42,066
29,316
36,960
28,648
43,702
31,190
119,329
71,389
13,222
6,427
51,740
3,409
455,567
384,168
2,926
16,831
28,909
71,725
42,217
29,508
36,896
29,198
44,697
31,178
121,809
71,399
13,249
6,407
51,744
3,421
466,695
394,058
2,984
17,702
28,425
72,982
43,173
29,809
38,872
29,972
45,368
31,401
126,351
72,637
13,712
6,530
52,395
3,692
475,691
402,480
3,089
17,539
29,130
74,829
44,745
30,085
38,626
30,717
45,889
33,395
129,266
73,211
13,708
6,505
52,997
3,656
483,010
409,298
3,215
17,609
29,402
75,651
45,317
30,334
39,461
31,231
46,553
34,296
131,881
73,712
13,606
6,490
53,616
III"
I
II
llr
lr
IV
III
I
III"
II
III"
380
441
512
464
480
582
572
175
207
234
227
244
295
256
6,222
6,222
6,288
6,387
6,495
6,610
2,209
2,206
2,182
2,164
2,184
2,238
2,271
617
678
750
704
723
828
820
316
348
375
369
388
441
403
62,775
52,635
63,947
53,908
65,131
54,915
65,895
55,693
67,516
56,961
68,758
58,226
69,988
59,478
21,577
15,993
21,728
16,153
21,743
16,145
21,773
16,190
22,270
16,596
22,636
16,873
22,877
17,091
611
801
626
728
625
701
619
652
671
777
702
789
152
742
153
761
150
775
155
757
162
767
161
794
168
794
4,680
8,942
7,174
1,768
3,812
3,963
7,194
5,600
18,306
10,039
1,857
4,751
9,029
7,213
1,815
3,997
4,124
7,188
5,674
18,799
10,216
1,855
4,895
9,040
7,225
1,815
3,933
4,210
7,433
5,717
19,138
10,202
1,858
4,854
9,350
7,564
1,786
4,058
4,296
7,552
5,671
19,909
10,555
1,909
4,995
9,532
7,660
1,872
4,067
4,381
7,571
5,936
20,295
10,532
1,910
5,068
9,737
7,860
1,877
4,137
4,427
7,719
6,132
20,765
10,510
1,890
1,619
1,718
1,242
1,587
1,748
1,250
1,549
1,722
1,222
1,523
1,697
1,186
1,494
1,859
1,374
1,634
1,833
1,324
1,660
1,831
1,334
583
1,014
4,677
8,684
6,982
1,702
3,731
3,833
6,985
5,357
17,771
10,140
1,895
789
798
799
798
7,456
7,383
7,562
7,546
826
7,819
476
497
500
511
485
509
497
1,295
1,306
1,322
1,305
1,384
1,349
1,366
890
899
895
913
935
948
957
2,416
1,105
6,056
5,584
1,346
2,455
1,123
6,123
5,575
1,344
2,466
1,133
6,131
5,598
1,310
2,503
1,116
6,222
5,584
1,315
2,552
1,101
6,342
5,674
1,355
2,565
1,172
6,418
5,764
1,329
2,607
1,189
6,520
5,786
1,300
822
816
562
556
539
534
539
530
516
7,801
7,804
3,675
3,675
3,750
3,735
3,780
3,905
3,970
1997
1997
II'
99,191
98,520
100,578
99,909
102,455
101,804
104,393
103,679
105,785
105,082
23,112
22,416
23,581
22,796
23,795
22,999
23,877
23,084
24,354
23,621
24,760
23,971
25,169
24,377
671
668
652
714
704
696
784
796
794
733
789
793
71,297
4,579
72,630
4,666
73,792
4,737
74,970
4,825
76,618
4,917
77,723
4,975
16,372
1,134
16,765
1,155
16,875
1,164
16,843
1,161
17,151
1,191
17,460
1,204
17,804
1,225
65
63
61
64
63
64
206
215
225
235
244
256
261
66,783
18,015
12,716
68,027
18,439
12,725
69,117
18,679
12,782
70,209
19,132
13,114
71,765
19,403
13,225
72,812
19,630
13,343
15,444
3,999
3,668
15,826
4,028
3,727
15,936
4,102
3,757
15,917
4,144
3,817
16,203
4,240
3,911
16,512
4,298
3,950
16,841
4,346
3,983
III
IV
\r
llr
183,459
181,707
1,753
187,084
185,184
1,900
190,154
188,195
1,959
192,566
190,582
1,984
196,311
194,404
1,908
199,637
197,575
2,062
202,462
200,405
2,057
95,749
95,148
97,514
96,880
601
634
132,542
8,859
135,748
9,046
138,151
9,206
140,050
9,314
142,488
9,505
145,216
9,648
147,521
9,773
69,743
4,490
249
255
259
267
277
290
294
66
123,932
32,899
26,628
126,956
33,271
26,857
129,205
33,982
26,967
131,003
34,390
27,173
133,260
35,209
27,842
135,858
35,692
28,087
138,042
36,098
28,322
65,319
17,777
12,652
II
III
1
III"
II
IV
III
IK
465
467
442
471
478
460
455
185
190
179
177
184
167
167
112
110
98
118
115
115
113
26,390
26,525
26,702
27,365
27,627
27,866
12,468
12,526
12,546
12,605
12,930
13,059
13,176
3,556
3,617
3,659
3,699
3,796
3,834
3,870
103,942
11,329
17,271
109,009
11,593
17,549
1,100
16,449
110,780
11,625
17,645
1,119
16,526
112,938
11,718
17,832
1,033
16,799
115,070
11,854
18,291
1,177
17,114
116,981
11,970
18,570
1,160
17,410
55,189
5,772
8,782
56,580
5,844
8,873
57,868
5,913
8,849
58,989
5,949
8,854
60,002
5,988
8,980
61,356
6,073
9,189
62,291
6,124
9,308
12,066
1,364
2,941
12,319
1,383
3,064
12,433
1,377
3,065
12,438
1,362
3,043
12,741
1,381
3,028
12,919
1,391
3,150
13,186
1,413
3,205
16,374
106,696
11,482
17,570
1,043
16,527
1,753
130,790
108,435
1,900
133,848
111,232
1,959
136,193
113,414
1,984
138,066
115,070
1,908
140,580
117,299
1,012
3,342
10,928
17,873
12,196
5,677
12,174
8,104
14,827
9,657
39,382
23,281
5,221
1,834
16,226
2,062
143,154
119,635
1,057
3,331
11,346
18,050
12,146
5,904
12,065
8,311
15,080
10,309
40,088
23,519
5,175
1,816
16,527
2,057
145,465
121,771
1,105
3,340
11,544
18,543
12,553
5,991
12,192
8,439
15,293
10,576
40,739
23,693
5,134
1,827
16,733
930
961
986
994
3,243
10,010
16,968
11,560
5,408
11,643
7,451
13,631
9,075
35,484
22,354
5,131
1,857
15,366
3,233
10,295
17,488
11,954
5,534
11,759
7,627
14,100
9,487
36,282
22,616
5,129
1,857
15,631
3,175
10,455
17,688
12,060
5,628
11,989
7,869
14,275
9,621
37,355
22,778
5,058
1,826
15,894
3,156
10,653
17,559
11,965
5,594
11,936
8,051
14,545
9,877
38,299
22,996
5,041
1,813
16,142
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
\\\p
26,163
896
4
5
6
7
8
9
10
11
Line
1997
\r
\r
II
I
1996
IV
I
1
2
3
Idaho
Colorado
1996
III"
II r
6,130
Rocky Mountain
1996
\r
IV
III
342
373
410
405
385
445
431
396
484
495
491
427
479
479
8,440
8,500
8,440
8,449
8,595
8,745
8,877
2,546
2,579
2,570
2,552
2,601
2,671
2,725
601
634
671
668
652
714
704
696
784
796
794
733
789
793
69,141
58,160
70,664
59,611
71,959
60,810
73,124
61,895
74,318
62,935
75,904
64,446
77,019
65,430
15,676
13,018
15,981
13,244
16,079
13,370
16,049
13,292
16,417
13,614
16,671
13,814
17,011
14,119
446
466
475
479
496
523
548
1,363
4,992
8,390
5,655
2,735
6,876
4,109
6,840
5,282
19,862
10,981
2,492
1,123
7,366
1,322
5,181
8,611
5,836
2,775
6,857
4,204
7,003
5,567
20,399
11,052
2,481
1,131
7,440
1,274
5,256
8,780
5,928
2,852
6,969
4,347
7,161
5,658
20,891
11,150
2,455
1,104
7,591
1,250
5,271
8,741
5,924
2,817
6,945
4,459
7,279
5,878
21,593
11,229
2,444
1,098
7,687
1,409
5,402
8,916
6,090
2,826
7,044
4,567
7,448
5,676
21,976
11,383
2,521
1,101
7,761
1,322
5,569
8,986
6,084
2,902
6,959
4,653
7,595
6,145
22,694
11,459
2,491
1,084
7,883
1,324
5,576
9,253
6,389
2,864
7,003
4,722
7,733
6,306
22,963
11,589
2,473
1,092
8,024
218
165
220
170
229
169
231
177
235
169
240
177
249
170
1,422
2,997
2,091
1,462
3,073
2,160
1,479
2,987
2,066
1,441
2,904
1,999
1,454
3,078
2,130
1,541
3,046
2,050
1,568
3,187
2,137
1,050
1,143
906
913
921
906
948
996
1,076
1,089
1,100
1,090
1,119
1,111
881
894
928
936
937
956
971
1,726
1,762
1,782
1,804
1,838
1,868
1,849
842
874
861
836
803
849
870
3,691
2,659
3,701
2,737
3,835
2,709
3,874
2,757
3,982
2,804
4,026
2,857
4,113
2,892
520
160
519
160
516
168
518
170
542
180
537
182
536
183
1,979
2,058
2,026
2,069
2,082
2,138
2,173
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
SURVEY OF CURRENT BUSINESS
4O • February 1998
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Utah
Montana
I
Income by Place of Residence
1 Personal income (lines 4-11)
2
Nonfarm personal income
.. . .
3
Farm income (line 17)
4
5
6
7
8
9
10
11
IIr
III"
I
II
1997
III
\r
IIr
III"
. .
16788
16,548
240
17017
16,773
244
17213
16,947
267
17294
17,026
268
17,536
17,247
289
17,660
17,378
282
37,856
37,685
171
38,848
38,670
178
39,697
39,508
189
40,397
40,210
187
41,520
41,337
183
42153
41,957
197
42921
42,726
195
10570
848
-9
9713
3,511
3,342
64
3,278
10,754
859
-9
9885
3,541
3,363
64
3,298
10,929
873
-10
10046
3,596
3,374
65
3,310
11,074
878
-10
10186
3,631
3,397
70
3,327
11,003
875
-9
10,119
3,706
3,470
71
3,399
11,189
886
-9
10,294
3,746
3,496
69
3,427
11,262
888
-8
10,366
3,780
3,514
61
3,453
29,100
1,916
3
27,187
5,319
5,349
72
5,277
30,016
1,971
1
28,046
5,392
5,409
70
5,340
30,737
2,017
-1
28,719
5,528
5,450
68
5,382
31,348
2,053
-2
29,293
5,606
5,498
72
5,426
32,268
2,119
-4
30,144
5,744
5,632
77
5,555
32,789
2,146
-4
30639
5,828
5,686
79
5,607
33473
2,185
-5
31283
5,898
5,740
87
5,654
8,071
933
1750
103
1647
8,234
939
1756
107
1650
8,323
937
1815
129
1686
8,277
921
1,805
129
1676
8,410
931
1,848
148
1 700
8,466
928
1,868
139
1,729
23,498
2,709
2,893
82
2,811
24,324
2,757
2,935
88
2,846
25,002
2,796
2,940
100
2840
25,554
2,814
2,980
97
2883
26,345
2,860
3,063
92
2,970
26,768
2,891
3,130
105
3026
27,351
2,931
3,191
102
3089
232
10338
8189
100
287
770
801
505
296
912
555
1327
580
2855
2,150
524
172
1,454
240
10514
8,351
101
282
792
841
535
305
911
569
1,349
601
2,906
2,163
536
167
1,460
244
10686
8,496
104
302
796
853
545
308
915
581
1,369
608
2,968
2,189
524
160
1,505
267
10808
8,590
104
287
876
839
534
305
910
589
1,373
616
2,996
2,217
524
153
1,540
268
10,734
8,573
106
285
786
827
519
308
967
570
1,380
583
3,068
2,162
549
152
1,461
289
10899
8,691
108
294
801
866
552
314
938
586
1,399
623
3,075
2,209
543
151
1,514
282
10,980
8,797
112
301
827
853
552
301
938
591
1,420
638
3,117
2,183
531
153
1,500
171
28,929
23,965
113
412
2,312
4,397
3,157
1 240
2,158
1 678
3,037
2,066
7,792
4,964
1300
263
3,401
178
29,838
24,778
118
430
2,337
4,569
3,262
1307
2,223
1 726
3,274
2,133
7,968
5,060
1299
261
3,501
189
30,548
25,439
122
412
2,379
4,673
3,356
1,317
2,327
1 772
3,248
2,170
8,337
5,109
1,276
259
3,574
187
31,161
25,983
127
417
2,504
4,684
3,350
1,334
2,331
1825
3,355
2,232
8,508
5,178
1273
260
3,645
183
32,084
26,772
119
416
2,754
4,660
3,300
1,360
2,367
1782
3,425
2,247
9,000
5,313
1,315
266
3,731
197
32592
27,224
129
441
2,863
4748
3,297
1452
2,379
1857
3,474
2,363
8970
5,367
1309
263
3,795
195
33278
27,863
137
446
2,982
4830
3,307
1 523
2,428
1 890
3529
2,423
9198
5,415
1296
263
3,855
California
Line
IV
7920
930
1720
95
1 625
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)l
1
Less Personal contributions for social insurance
Plus* Adjustment for residence2
Equals* Net earnings by place of residence
Plus' Dividends interest and rent3
Plus1 Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits ....
Earnings by Industry
Farm
Nonfarm
Private
.
Agricultural services, forestry, fishing, and other5
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Government and government enterprises
Federal civilian
Military
State and local
\r
IV
III
16566
16,334
232
Earnings by Place of Work
Components of earnings:
12
Wage and salary disbursements . .
.
13
Other labor income 4
14
Proprietors' income
15
Farm proprietors' income
Nonfarm proprietors' income
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
II
1996
1997
19 96
Item
Line
Hawaii
1996
1997
19 96
Item
1997
\r
IIr
I
Income by Place of Residence
1 Personal income (lines 4-11)
2
Nonfarm personal income
3
Farm income (line 17)
. ..
II
III
IV
\r
\\r
III"
790 291
783,583
6,708
803,573
796,296
7,276
812,716
804,963
7,753
825,321
817,380
7,941
840,004
832,191
7,813
855,514
846,977
8,536
866,436
858,139
8,297
29,902
29,718
183
30,067
29,884
183
30,150
29,966
183
30,169
29,984
185
30,549
30,363
187
30,837
30,648
189
31095
30,904
191
I
II
III
IV
III"
4
5
6
7
8
g
10
11
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
1
Less Personal contributions for social insurance '
Plus* Adjustment for residence2
Equals1 Net earnings by place of residence
Plus1 Dividends interest and rent3
Plus' Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits ....
556,568
38,048
-709
517811
148,811
123 669
3106
120,564
567,684
38,619
-729
528,335
150,051
125,186
2959
122,227
573,291
38,892
-723
533,676
152,873
126,167
2770
123,398
583,771
39,506
-753
543,512
154,353
127,456
2939
124,517
593,575
40,294
-763
552,518
157,259
130,227
2875
127,352
607,095
41,102
-504
565189
159,046
131,279
2804
128,474
616,106
41,637
-820
573,649
160,483
132,304
2803
129,500
21,102
1,360
0
19742
5,298
4,862
185
4,677
21,276
1,368
0
19908
5,287
4,872
176
4,696
21,309
1,370
0
19,938
5,339
4,872
171
4,701
21,285
1,366
0
19,919
5,361
4,889
168
4,721
21,461
1,382
0
20,079
5,464
5,007
168
4,839
21,644
1,390
0
20254
5,525
5,058
173
4,886
21817
1,398
0
20419
5,575
5,101
172
4,928
12
13
14
15
16
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements .
.
Other labor income 4
Proprietors' income
Farm proprietors' income
Nonfarm proprietors' income
429,079
47,777
79712
2,933
76,779
438,181
48,226
81277
3,404
77,873
443,302
48,161
81828
3,780
78,048
452,369
48,645
82757
3,857
78,899
460,693
48,997
83884
3,682
80,202
471,626
49,907
85563
4,356
81,206
479,367
50,387
86351
4,069
82,282
16,814
1,815
2,472
1
2,471
16,978
1,814
2484
2
2,483
17,051
1,802
2,456
2
2,454
17,052
1,783
2450
2
2,448
17,223
1,775
2462
2
2,461
17391
1,784
2469
2
2467
17548
1,788
2481
1
2480
6708
549 861
466,921
6003
2125
27,700
86,649
59845
26,803
34,513
34,382
50552
44530
180,468
82,939
13060
6,267
63612
7,276
560,407
476,056
6145
2082
27,928
88,831
61229
27602
35,272
35,201
51422
45,762
183,413
84,351
13,032
6,192
65,127
7753
565,538
479,722
6069
2034
28,010
88,603
60838
27,765
35,494
35,239
51523
45,751
186,999
85,816
12,901
6,115
66800
7941
575,830
489,138
6071
2013
28,533
91,297
63097
28,199
35,563
36,043
52725
46197
190,696
86,692
12,879
6,056
67757
7,813
585,761
497,709
6348
2,144
30,026
92,407
64247
28,160
35,900
36,531
53354
47,041
193,959
88,052
13,101
6,098
68,853
8536
598,559
510,842
6630
2118
30,847
94,518
65583
28935
36,846
37,227
55094
48,968
198,594
87,717
13,121
5,984
68612
8297
607,809
519,477
6834
2,108
31,489
96,056
66758
29297
37,353
37,773
55711
50,062
202,090
88,332
13,101
5,949
69282
183
20,918
15,644
143
20
1,501
788
215
573
1,724
785
2624
1,720
6,339
5,274
1,216
1,585
2474
183
21,093
15,775
146
19
1,471
792
202
591
1,754
791
2617
1 782
6,403
5,318
1221
1,583
2514
183
21,125
15,792
143
19
1,462
791
204
587
1,747
796
2608
1,768
6,460
5,333
1,224
1,585
2523
185
21,100
15,757
137
17
1,404
800
201
598
1,757
792
2633
1759
6,459
5,343
1223
1,582
2538
187
21274
15,854
141
16
1402
787
204
583
1793
771
2650
1690
6,603
5,420
1253
1,639
2529
189
21455
16005
142
17
1366
799
194
606
1 787
801
2655
1813
6624
5,450
1260
1633
2557
191
21 626
16095
145
17
1 339
773
189
584
1 822
813
2661
1 845
6681
5531
1 260
1 622
2649
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Earnings by Industry
Farm
Nonfarm
. .
.
Private
Agricultural services forestry fishing and other5
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance and real estate
Services
Government and government enterprises
Federal civilian
Military
State and local
.
. .
" Preliminary.
r
Revised.
1. Personal contributions for social insurance are included in earnings by type and industry but excluded from
personal income.
2. The adjustment for residence is the net inflow of the earnings of interarea commuters. For the United States,
it consists of adjustments for border workers and for certain temporary and migratory workers: Wage and salary
disbursements to U.S. residents commuting or working temporarily outside U.S. borders less wage and salary disbursements to foreign residents commuting or working temporarily inside U.S borders.
3. Includes the capital consumption adjustment for rental income of persons.
SURVEY OF CURRENT BUSINESS
February 1998
•
41
and Earnings by Industry, 1996:M 997:Ill-continued
adjusted at annual rates]
Far West
Wyoming
I
II
IV
III
I'-
II"
10,354
10,289
10,453
10,394
10,501
10,433
ll), 687
10,616
10,795
10,722
10,926
10,843
52
64
59
68
71
73
83
6,758
6,916
6,979
6,992
7,097
7,160
7,259
472
-17
482
-18
486
-18
485
-17
494
-18
496
-17
501
-17
6,268
2,292
1,616
6,416
2,295
1,643
6,476
2,318
1,660
6,491
2,331
1,679
6,585
2,387
1,715
6,647
2,417
1,731
6,741
2,444
1,742
32
33
32
34
31
1,585
1,610
1,628
1,645
1,684
1,700
1,714
5,269
5,403
5,472
5,476
5,574
5,617
5,688
554
934
-18
952
565
948
-6
954
568
939
-11
950
564
952
-3
955
568
956
-1
957
569
974
0
974
572
999
9
989
31
28
52
64
59
68
71
73
83
6,705
5,104
6,852
5,248
6,920
5,300
6,924
5,309
7,027
5,406
7,087
5,460
7,176
5,563
53
56
56
53
56
57
1,016
1,029
1,018
1,025
1,062
1,097
513
384
153
230
621
229
700
305
523
395
160
235
679
235
712
312
546
395
165
230
677
242
717
324
562
391
158
232
659
242
733
316
533
392
157
235
676
247
736
348
572
403
163
240
677
258
745
328
591
419
167
252
681
265
762
338
1,284
1,601
1,308
1,604
1,324
1,621
1,329
1,615
1,356
1,620
1,323
1,627
1,347
1,614
59
1,099
295
140
294
137
288
135
282
132
293
136
294
136
297
135
1,166
1,173
1,197
1,200
1,191
1,197
1,181
III
IV
I'
llr
III*
1,082,884
1,073,678
9,205
1,101,474
1,091,523
9,951
1,115,412
1,104,822
10,590
1,131,570
1,120,756
10,814
1,153,406
1,142,802
10,604
1,175,334
1,163,806
11,528
1,190,893
1,179,668
11,225
14,731
14,722
14,789
14,780
14,826
14,817
14,894
14,885
15,055
15,046
15,384
15,374
15,574
15,564
8
9
9
9
9
10
9
764,309
52,308
-1,975
710,026
202,447
170,411
4,871
165,540
780,104
53,160
-2,032
724,912
204,230
172,332
4,665
167,667
789,422
53,678
-2,057
733,687
208,195
173,530
4,397
169,133
802,661
54,446
-2,111
746,104
210,319
175,148
4,554
170,593
817,584
55,652
-2,154
759,778
214,517
179,111
4,549
174,562
836,688
56,813
-2,242
777,633
217,085
180,617
4,484
176,132
849,627
57,586
-2,286
789,755
219,170
181,968
4,400
177,568
11,611
11,597
11,567
11,568
11,603
11,903
12,081
593,734
65,058
105,516
3,999
101,518
606,923
65,699
107,483
4,615
102,868
615,490
65,768
108,164
5,119
103,045
627,063
66,291
109,306
5,195
104,111
639,949
66,892
110,743
4,920
105,823
655,588
68,169
112,932
5,777
107,155
666,725
68,871
114,032
5,406
108,626
9,205
755,103
635,204
8,149
4,164
43,387
114,874
80,182
34,692
49,093
46,214
71,705
57,773
239,844
119,900
20,039
10,912
88,948
9,951
770,153
648,458
8,453
4,084
43,779
117,878
82,205
35,673
49,970
47,323
73,027
59,615
244,328
121,695
20,056
10,775
90,864
10,590
778,832
655,393
8,462
4,029
44,177
118,241
82,438
35,803
50,225
47,940
73,342
59,652
249,325
123,439
19,896
10,698
92,845
10,814
791,847
667,428
8,503
4,019
45,168
121,359
84,995
36,364
50,167
48,786
75,066
60,210
254,150
124,419
19,909
10,600
93,910
10,604
806,981
680,563
8,774
4,045
46,969
123,172
86,895
36,277
51,310
49,378
75,965
60,839
260,113
126,418
20,353
10,864
95,201
11,528
825,160
698,775
9,231
4,129
47,819
126,215
89,057
37,158
52,243
50,475
78,021
63,883
266,759
126,385
20,366
10,736
95,284 '
11,225
838,403
711,053
9,517
4,157
48,672
128,571
90,927
37,644
52,962
51,239
79,042
65,324
271,569
127,349
20,333
10,667
96,349
\r
IV
I
II
781
782
781
II r
I
III*
II
IV
782
Ik
786
III*
804
814
-760
-758
-756
-757
-757
-779
-791
10,069
2,008
2,653
10,058
2,031
2,700
10,029
2,080
2,717
10,030
2,116
2,749
10,060
2,167
2,828
10,320
2,195
2,868
10,476
2,219
2,878
105
105
88
90
104
117
104
2,548
2,595
2,629
2,659
2,725
2,751
2,775
9,278
1,024
1,308
9,264
1,012
1,321
9,250
1,000
1,316
9,259
9,291
9,542
1,010
1,352
9,692
1,018
1,370
4
993
983
1,317
1,328
5
5
5
6
5
1,311
1,312
1,323
1,346
1,365
5
1,304
1,317
8
9
9
9
9
10
9
11,603
8,095
11,589
8,103
11,558
8,110
11,559
8,123
11,594
8,116
11,893
8,389
12,072
8,541
226
958
859
608
193
414
227
897
909
621
189
432
230
861
891
591
174
417
231
850
887
602
168
434
245
816
860
602
183
419
262
876
899
619
178
440
271
921
907
592
177
415
1,140
1,157
1,181
1,200
1,189
1,141
1,113
341
342
347
351
341
351
1,105
1,125
1,136
1,126
1,130
1,154
440
453
461
463
436
480
496
2,369
3,508
2,415
3,486
2,454
3,448
2,473
3,437
2,530
3,477
2,568
3,505
2,608
3,531
357
1,188
774
672
773
642
761
638
755
630
783
634
786
618
786
617
2,061
2,071
2,049
2,052
2,061
2,101
2,128
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
Washington
1997
III
lr
IV
III
Oregon
1996
1997
III
Line
1997
II
Nevada
1996
II
1996
I
III''
10,177
10,124
I
Alaska
1997
1996
1997
1996
\r
IIr
1996
III*
Line
1997
1
II
III
IV
lr
IK
III*
40,255
40,205
41,286
41,235
42,207
42,151
43,050
42,996
44,032
43,979
44,799
44,743
45,490
45,434
71,934
71,240
73,336
72,610
74,683
73,920
75,735
74,951
77,505
76,727
79,098
78,280
80,046
79,228
50
51
56
54
53
56
57
694
727
763
784
778
818
818
135,771
134,209
1,562
138,424
136,718
1,706
140,830
139,004
1,826
142,401
140,560
1,841
146,261
144,497
1,764
149,703
147,784
1,919
152,252
150,400
1,852
1
2
3
29,671
1,756
30,534
1,803
31,167
1,839
31,837
1,874
32,484
1,918
33,052
1,947
33,594
1,973
-586
-607
-625
-639
-654
-664
-676
27,329
7,350
5,576
28,124
7,494
5,668
28,702
7,759
5,745
29,324
7,907
5,819
29,912
8,127
5,993
30,441
8,279
6,079
30,945
8,402
6,143
51,065
3,639
-1,310
46,116
13,876
11,942
52,327
3,717
-1,352
47,257
14,048
12,032
53,428
3,793
-1,390
48,245
14,364
12,074
54,301
3,845
-1,420
49,036
14,546
12,154
55,589
3,947
-1,460
50,183
14,875
12,447
57,008
4,038
-1,498
51,472
15,074
12,553
57,742
4,077
-1,505
52,160
15,239
12,647
94,291
6,724
1,391
88,958
25,104
21,709
96,687
6,871
1,415
91,231
25,318
21,875
98,660
7,001
1,438
93,097
25,779
21,954
99,900
7,074
1,458
94,283
26,036
22,082
102,872
7,326
1,480
97,026
26,625
22,609
105,986
7,531
1,503
99,958
26,966
22,779
108,287
7,687
1,507
102,106
27,252
22,894
138
130
135
141
156
179
186
421
422
414
422
428
421
411
916
874
820
795
819
790
723
5,437
5,538
5,611
5,678
5,837
5,900
5,957
11,521
11,610
11,660
11,732
12,019
12,132
12,236
20,793
21,001
21,134
21,287
21,790
21,989
22,171
4
5
6
7
8
9
10
11
24,120
2,262
3,289
24,889
2,298
3,348
25,467
2,322
3,378
26,041
2,343
3,453
26,622
2,359
3,503
27,117
2,393
3,542
27,576
2,415
3,603
39,932
4,470
6,663
41 ,044
4,532
6,750
42,073
4,583
6,772
42,838
4,599
6,863
43,909
4,687
6,994
45,092
4,781
7,134
45,676
4,801
7,265
74,511
7,708
12,072
76,567
7,817
12,303
79,505
7,928
12,467
1,036
11,432
82,210
8,090
12,572
11,623
84,820
8,294
12,872
1,094
11,779
86,865
8,461
12,961
1,017
11,943
12
13
14
15
16
1,841
98,058
81,014
1,243
1,764
101,109
83,660
1,207
1,919
104,067
86,518
1,332
1,852
106,434
88,730
1,364
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
12
12
17
15
14
16
16
229
250
273
281
269
303
297
819
943
3,278
3,335
3,361
3,438
3,490
3,526
3,587
6,434
6,501
6,499
6,583
6,725
6,831
6,968
11,252
11,360
78,346
7,899
12,415
1,042
11,372
1,562
92,729
75,952
1,056
1,706
94,981
78,016
1,167
1,826
96,834
79,730
1,209
50
51
56
54
53
56
57
694
727
763
784
778
818
818
29,621
25,750
30,483
26,534
31,111
27,125
31,782
27,709
32,431
28,286
32,996
28,801
33,538
29,307
50,371
42,842
51,600
43,973
52,665
44,914
53,517
45,687
54,812
46,937
56,189
48,220
56,924
48,904
172
800
181
812
186
831
187
862
192
797
193
827
204
822
548
75
588
82
626
81
635
80
640
76
672
84
700
87
3,328
1,495
3,522
1,486
3,817
1,503
3,834
1,517
1,003
3,744
1,534
1,007
3,787
1,522
3,954
9,783
7,526
2,258
3,277
3,624
5,487
3,218
12,874
7,530
1,335
3,956
10,060
7,805
2,255
3,301
3,734
5,614
3,416
13,222
7,627
1,338
3,917
10,250
7,962
2,288
3,380
3,956
5,707
3,453
13,544
7,751
1,315
4,050
10,238
7,928
2,310
3,374
3,958
5,960
3,520
13,871
7,830
1,348
4,136
10,897
8,599
2,298
3,512
4,043
5,980
3,451
14,201
7,875
1,404
4,171
11,142
8,833
2,309
3,498
4,185
6,084
3,831
14,553
7,969
1,401
4,294
11,144
8,814
2,329
3,515
4,224
6,184
3,922
14,835
8,020
1,392
3,323
1,373
898
475
969
525
984
502
987
516
1,723
1,250
2,827
2,083
12,197
3,871
1,762
1,280
2,952
2,185
12,540
3,949
1,872
1,330
3,008
2,164
12,726
3,986
1,799
1,349
3,112
2,171
12,908
4,073
514
526
995
527
1,825
1,373
3,171
2,105
13,473
4,145
1,937
1,428
3,200
2,263
13,673
4,195
1,984
1,460
3,273
2,329
13,927
4,231
621
294
629
289
634
289
639
289
674
294
675
293
679
293
2,956
3,031
3,063
3,146
3,178
3,226
3,259
149
141
142
6,045
6,148
6,294
141
6,341
4. Includes the inventory valuation and capital consumption adjustments.
5. "Other" consists of the wage and salary disbursements received by U.S. residents employed by international
organizations and foreign embassies and consulates in the U.S.
142
142
144
6,328
6,426
6,484
949
186
191
204
195
196
206
203
6,050
15,674
11,504
4,169
6,666
5,832
9,110
5,782
25,595
16,777
3,034
1,945
11,799
6,188
16,078
11,811
4,267
6,768
5,976
9,297
6,016
26,335
16,965
3,064
1,928
11,973
6,376
16,520
12,277
4,243
6,592
6,272
9,361
6,055
27,141
17,104
3,060
1,929
12,115
6,476
16,920
12,613
4,307
6,534
6,293
9,510
6,100
27,743
17,044
3,066
1,902
12,076
6,711
16,962
12,659
4,303
7,122
6,320
9,679
6,116
29,347
17,449
3,138
2,057
12,253
6,792
17,603
13,262
4,341
6,993
6,484
9,833
6,528
30,746
17,550
3,123
2,065
12,361
6,855
18,484
13,993
4,491
7,088
6,614
10,025
6,670
31,428
17,704
3,115
2,043
12,546
NOTE.—The personal income level shown for the United States is derived as the sum of the State estimates;
it differs from the national income and product accounts (NIPA) estimate of personal income because, by definition,
it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed
abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources
and revision schedules.
PERSONAL INCOME
CD-ROM
Income and Employment Estimates for 1958-96 for All States
State economic estimates are available on a single CD-ROM from the Regional
Economic Information System of the Bureau of Economic Analysis. The
CD-ROM contains the following annual estimates for all States:
Personal income by major source
Per capita personal income
Estimates of gross state product, 1977-1994
By two-digit Standard Industrial
Classification (SIC):
Earnings
Wage and salary disbursements
Full- and part-time employment (1969-96)
Wage and salary employment (1969-96)
State economic profiles
Transfer payments by major program
Farm income and expenses
Personal tax and nontax payments
BEA Regional Fact Sheet (BEARFACTS)
State Personal Income 1958-96
US. DEPARTMENT OF COMMERCE
Economics and Statistics Administration
Bureau of Economic Analysis
Regional Economic Measurement Division
A description of the sources and methods used to produce the personal income estimates
is also provided. The CD-ROM includes Windows software that allows the user to
display, print, or export to disk one or more of the standard tables from the personal
income and employment series. All of the information listed above is accessible using
the included software. The software contains context-sensitive help and runs under
Windows version 3.1 or greater.
Ordering Information
Send check for $35 payable to "Bureau of Economic Analysis11 to the PIO Order Desk,
BE-53, Washington, DC 20230. Please include your return address and phone number
and specify item number RCN-0128. For further information or to place an order using
MasterCard or VISA, call (800) 704-0415.
SURVEY OF CURRENT BUSINESS
February 1998
Contents
D-l
BEA CURRENT AND HISTORICAL DATA
National, International, and Regional Estimates
This section presents an extensive selection of economic statistics prepared by the Bureau of Economic Analysis (BEA)
and a much briefer selection of collateral statistics prepared by other Government agencies and private organizations. Series
originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided
through the courtesy of the compilers and are subject to their copyrights.
BEA makes its economic information available on three World Wide Web sites.
The BEA Web site
<http://www.bea.doc.gov> contains data, articles, and news releases from BEA'S national, international, and regional programs. The Federal Statistical Briefing Room (FSBR) on the White House Web site <http://www.whitehouse.gov/fsbr>
provides summary statistics for GDP and a handful of other NIPA aggregates. The Commerce Department's STAT-USA Web
site <http://www.stat-usa.gov> provides detailed databases and news releases from BEA and from other Federal Government
agencies by subscription; information about STAT-USA'S Economic Bulletin Board (EBB) and Internet services may be obtained
at the Web site or by calling 202-482-1986.
The tables listed below present annual, quarterly, and monthly estimates, indicated as follows: [A] Annual estimates only;
[Q] quarterly estimates only; [QA] quarterly and annual estimates; [MA] monthly and annual estimates.
National Data
A. Selected NIPA Tables: [QA]
1. National product and income
2. Personal income and outlays
3. Government receipts, current expenditures,
and gross investment
4. Foreign transactions
5. Saving and investment
6. Income and employment by industry
7. Quantity and price indexes
8. Supplementary tables
International Data
D-2
D-6
D-7
D-n
D-13
D-i6
D-ij
D-24
B. Other NIPA and NiPA-related tables:
Monthly estimates: [MA]
B.i. Personal income
D-2/
B.2. Disposition of personal income
D-27
Annual estimates: [A]
6.3. GDP by industry
D-28
6.4. Personal consumption expenditures by type of
expenditure
D-29
6.5. Private purchases of structures by type
D-3O
B.6. Private purchases of producers' durable
equipment by type
D-3O
B.7. Compensation and wage and salary accruals
by industry
D-31
B.8. Employment by industry
D-32
6.9. Wage and salary accruals and employment
by industry per full-time equivalent
D-33
B.io. Farm sector output, gross product,
and national income
D-34
B.n. Housing sector output, gross product,
and national income
D-34
B.12. Net stock of fixed private capital, by type ... D-35
0-51
D-52
D-53
D-56
G. Investment tables:
G.i. International investment position of the United
States [A]
0-57
G.2. USDIA: Selected items [A]
D-58
G.3. Selected financial and operating data for nonbank
foreign affiliates of U.S. companies [A]
D-59
G.4. FDIUS: Selected items [A]
D-6o
G.5. Selected financial and operating data of nonbank
U.S. affiliates of foreign companies [A]
D-6i
H. International perspectives [MA, QA]
I. Charts
D-62
D-64
Regional Data
J. State and regional tables:
J.i. Total and nonfarm personal income [QA].... D-65
J.2. Percent of personal income for selected
components [A]
D-66
J.3. Per capita personal income and
disposable personal income [A]
D-67
J.4. Gross state product [A]
D-68
D-39
D. Domestic perspectives [MA, QA]
E. Charts:
Selected NIPA series
Other indicators of the domestic economy
D-36
K. Local area table
D-69
L. Charts
C. Historical tables: [A]
C.i. Historical estimates for major NIPA
aggregates
C.2.-C.7. Growth rates of selected components
of real GDP
F. Transactions tables:
F.i. U.S. international transactions in goods
and services [MA]
F.2. U.S. international transactions [QA]
F.3. Selected U.S. international transactions,
by area [Q]
F.4. Private service transactions [A]
D-ji
Appendixes
D-4i
Appendix A: Additional information about
BEA'S NIPA estimates:
Statistical conventions
Reconciliation tables [QA]
D-73
0-74
0-43
D-49
Appendix B: Suggested reading
D-/5
SURVEY OF CURRENT BUSINESS
D-2 • National Data
February 1998
National Data
A. Selected NIPA Tables
The tables in this section include the most recent estimates of gross domestic product and its components;
these estimates were released on January 30,1998 and include the "advance" estimates for the fourth quarter of
1997 and for the year 1997.
The selected set of NIPA tables shown in this section presents quarterly estimates, which are updated monthly.
In most tables, the annual estimates are also shown. Most of the "annual only" NIPA tables were presented in the
August 1997 SURVEY OF CURRENT BUSINESS; tables 8.20-8.26 were presented in the September 1997 SURVEY; and
the remaining "annual only" tables—tables 3.15-3.20 and 9.1-9.6—were presented in the October 1997 SURVEY.
The selected NIPA tables are available on printouts or diskettes from BEA. To order NIPA subscription
products using Visa or MasterCard, call the BEA Order Desk at 1-800-704-0415 (outside the United States,
202-606-9666).
The news release on gross domestic product (GDP) is available at the time of release, and the selected NIPA
tables are available later that day, on STAT-USA'S Economic Bulletin Board and Internet services; for information,
call STAT-USA on 202-482-1986. In addition, the GDP news release is available the afternoon of the day of the
release, and the selected NIPA tables are available about two weeks later (when the SURVEY is sent to the printer),
on BEA'S Internet site <http://www.bea.doc.gov>.
i. National Product and IncomeTable 1.1 .—Gross Domestic Product
Table 1.2.—Real Gross Domestic Product
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1996
1996
1997
III
Gross domestic product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
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
IV
I
II
III
5,207.6 5,488.6 5,227.4 5,308.1 5,405.7 5,432.1 5,527.4 5,589.3
634.5 659.4 634.5 638.2 658.4 644.5 667.3 667.6
1,534.7 1,592.7 1,538.3 1,560.1 1,587.4 1,578.9 1,600.8 1,603.9
3,038.4 3,236.5 3,054.6 3,109.8 3,159.9 3,208.7 3,259.3 3,317.9
1,116.5 1,237.6 1,149.2 1,151.1 1,193.6 1,242.0 1,250.2 1,264.5
1,090.7 1,173.0 1,112.0 1,119.2 1,127.5 1,160.8 1,201.3 1,202.4
781.4 845.4 798.6 807.2 811.3 836.3 872.0 862.3
215.2 230.2 217.7 227.0 227.4 226.8 232.9 233.7
566.2
309.2
615.2
327.5
580.9
313.5
580.2
312.0
583.9
316.2
609.5
324.6
639.1
329.3
628.5
340.1
25.9
64.6
37.1
31.9
66.1
81.1
48.9
62.1
-88.6
-98.8
-94.8
-96.7 -114.0
870.9 958.8
617.5 687.1
253.3 271.7
965.7 1,055.5
809.0 885.4
156.7 170.1
863.7
609.7
254.0
977.6
820.2
157.5
-88.7 -111.3
-S7.9
904.6 922.2 960.3 965.8 986.9
640.5 656.2 690.0 691.1 711.1
264.2 266.0 270.3 274.8 275.8
993.2 1,021.0 1,049.0 1,077.1 1,074.8
834.6 855.8 880.1 905.6 900.0
158.6 165.2 168.9 171.6 174.8
1,406.7 1,453.9 1,413.5 1,422.3 1,433.1 1,449.0 1,457.9 1,475.6
520.0
352.8
167.3
886.7
524.8
350.8
174.0
929.1
521.6
354.8
166.8
891.9
517.6
350.6
167.0
904.7
516.1
343.3
172.8
917.0
526.1
350.6
175.5
923.0
525.7
352.1
173.6
932.3
1997
531.1
357.1
174.0
944.4
1996
III
IV
7,636.0 8,083.4 7,676.0 7,792.9 7,933.6 8,034.3 8,124.3 8,241.5
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Seasonally adjusted at annual rates
1996
1997
Gross domestic product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Net exports of goods and
services
Exports
Goods
Services
Imports
Goods
Services
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
Residual
1997
IV
I
II
III
IV
6,928.4 7,191.4 6,943.8 7,017.4 7,101.6 7,159.6 7,214.0 7,290.3
4,714.1 4,869.7 4,718.2 4,756.4 4,818.1 4,829.4 4,896.2 4,935.0
611.1 645.8 611.9 617.1 637.8 629.0 656.1 660.3
1,432.3 1,459.3 1,433.9 1,441.2 1,457.8 1,450.0 1,465.5 1,464.1
2,671.0 2,765.2 2,672.8 2,698.2 2,723.9 2,749.8 2,776.1 2,811.0
1,069.1 1,192.2 1,100.3 1,104.8 1,149.2 1,197.1 1,204.6 1,217.9
1,041.7 1,122.3 1,060.9 1,068.7 1,079.0 1,111.4 1,149.3 1,149.6
771.7 846.7 789.3 800.8 808.9 837.0 874.5 866.5
188.7 195.4 190.0 196.9 195.9 193.5 196.7 195.3
586.0
272.1
657.4
279.7
602.9
274.1
606.7
271.1
616.6
273.3
649.3
278.2
685.3
280.1
678.5
287.1
25.0
62.2
37.9
32.9
63.7
77.6
47.5
59.9
-114.4 -142.1 -138.9 -105.6 -126.3 -136.6 -164.1 -141.4
857.0 964.4
628.4 725.8
229.9 242.5
971.5 1,106.5
823.1 944.1
149.0 163.5
851.4 901.1 922.7 962.5 973.0 999.3
623.0 666.2 686.2 725.8 731.8 759.4
229.4 236.8 238.9 240.8 245.0 245.1
990.2 1,006.6 1,048.9 1,099.1 1,137.1 1,140.8
841.7 857.5 891.3 938.4 972.7 973.9
149.3 150.0 158.4 161.8 165.8 168.1
1,257.9 1,270.6 1,261.5 1,261.8 1,260.5 1,270.1 1,273.4 1,278.5
464.2
317.8
146.1
793.7
457.8
309.0
148.3
812.9
465.7
319.4
146.0
795.9
459.6
313.6
145.7
802.3
452.8
303.9
148.5
807.7
460.1
309.4
150.2
810.1
458.8
310.3
148.0
814.7
459.5
312.6
146.6
819.0
-1.6
-4.5
-2.4
-3.8
-2.9
-3.9
-4.6
-6.6
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.
National Data • D-3
SURVEY OF CURRENT BUSINESS
February 1998
Table 1.3.—Gross Domestic Product by Major Type of Product
Table 1.4.—Real Gross Domestic Product by Major Type of Product
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1996
1997
1996
III
Gross domestic product
Final sales of domestic
product
Change in business
inventories
Goods
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services
Structures
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output
Seasonally adjusted at annual rates
1996
1997
IV
I
II
8,241.5
7,610.2 8,018.8 7,638.9 7,761.0 7,867.4 7,953.2 8,075.3
8,179.3
64.6
37.1
31.9
66.1
81.1
48.9
2,785.2 2,945.1 2,797.8 2,826.9 2,904.6 2,936.0 2,952.1
2,759.3 2,880.6 2,760.7 2,795.0 2,838.4 2,854.9 2,903.2
25.9
64.6
37.1
31.9
66.1
81.1
48.9
1,228.9 1,315.7 1,249.5 1,232.4 1,279.8 1,322.1 1,323.9
1,212.0 1,284.9 1,216.3 1,233.5 1,248.0 1,275.3 1,305.3
62.1
2,987.9
2 925 7
62-1
1,336.9
1,310.9
1,556.3 1,629.5 1,548.3 1,594.5 1,624.7 1,613.9 1,628.2
1,547.3 1,595.7 1,544.4 1,561.5 1,590.4 1,579.6 1,597.9
25-9
1651.0
1,614.8
34.4
3.9
33.0
34.3
30.3
9.0
33.8
4,187.3 4,432.8 4,208.1 4,282.7 4,338.2 4,400.1 4,462.3
663.6 705.5 670.1 683.3 690.8 698.2 709.8
36-2
4,530.4
723.2
16.9
271.4
30.8
284.5
33.3
278.7
-1.1
267.2
31.8
281.4
46.8
270.4
18.6
287.4
7,364.7 7,798.9 7,397.3 7,525.8 7,652.2 7,764.0 7,836.9
298 8
70407
/I 1/
^
Gross domestic product
Final sales of domestic
product
Change in business
inventories
Residual
Goods
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services
Structures
Residual
Addenda:
Motor vehicle output
1997
1996
IV
III
IV
III
7,636.0 8,083.4 7,676.0 7,792.9 7,933.6 8,034.3 8,124.3
25.9
1997
I
II
IV
III
6,928.4 7,191.4 6,943.8 7,017.4 7,101.6 7,159.6 7,214.0 7,290.3
6,901.0 7,124.2 6,905.0 6,981.7 7,034.1 7,077.7 7,160.3 7,224.6
25.0
2.4
62.2
37.9
.9
5.0
32.9
2.8
63.7
3.8
77.6
4.3
47.5
59.9
6.2
5.8
2,662.6 2,808.6 2,673.1 2,704.1 2,769.3 2,796.7 2,815.4 2,852.9
2,635.5 2,739.4 2,634.0 2,668.4 2,699.6 2,711.8 2,760.7 2,785.3
25.0
62.2
37.9
32.9
63.7
77.6
47.5
59.9
1,222.1 1,325.2 1,244.0 1,228.5 1,277.0 1,327.5 1,338.4 1,357.8
1,205.8 1,295.0 1,211.4 1,230.1 1,245.8 1,281.4 1,320.4 1,332.3
15.9
28.9
31.3
-.9
29.9
43.8
17.5
24.5
1,443.7 1,489.8 1,433.5 1,477.9 1,496.1 1,476.2 1,484.3 1,502.6
1,433.2 1,451.6 1,426.5 1,442.6 1,458.3 1,437.5 1,449.0 1,461.8
6.6
33.3
33.8
33.8
33.8
9.1
35.4
30.1
3,686.6 3,790.5 3,689.0 3,723.9 3,743.9 3,774.4 3,804.8 3,839.0
582.2 599.4 585.0 592.9 595.1 595.7 600.7 606.3
-4.4
-7.3
-6.0
-5.0
-5.2
-7.0
-8.5
-9.0
241.3
252.2
246.8
236.5
247.5
240.6
254.0
266.8
Gr
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
motor°veh1cle outpuf ^
66871 6,939.2 66968 67810 6,854.1 6,919.1 6,960.1 7,023.6
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line following change in business inventories is the difference between gross domestic product and
the sum of final sales of domestic product and of change in business inventories; the residual line following structures is the difference between gross domestic product and the sum of the detailed lines of goods, of services,
and of structures.
Percent changes from preceding period for selected items in this table are shown in table 8.1
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Billions of dollars]
[Billions of chained (1992) dollars]
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases
Less: Change in business
inventories
Equals: Final sales to
domestic purchasers
7,636.0
8,083.4 7,676.0 7,792.9 7,933.6 8,034.3 8,124.3 8,241.5
958.8
863.7
904.6
965.7 1,055.5
977.6
993.2 1,021.0 1,049.0 1,077.1 1,074.8
870.9
922.2
960.3
965.8
986.9
7,730.9 8,180.1 7,790.0 7,881.5 8,032.4 8,123.1 8,235.6 8,329.4
25.9
64.6
7,705.0 8,115.5
37.1
31.9
66.1
7,752.8 7,849.6 7,966.3
81.1
48.9
62.1
8,042.0 8,186.6 8,267.3
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases
Less: Change in business
inventories
Equals: Final sales to
domestic purchasers
6,928.4 7,191.4 6,943.8 7,017.4 7,101.6 7,159.6 7,214.0 7,290.3
964.4
851.4
901.1
971.5 1,106.5
990.2
1,006.6
857.0
7,037.7 7,323.4 7,075.3
25.0
7,010.2
62.2
37.9
7,256.0 7,036.4
922.7
962.5
973.0
999.3
1,048.9 1,099.1 1,137.1 1,140.8
7,118.4 7,220.9 7,286.9 7,364.6 7,421.2
32.9
63.7
77.6
47.5
59.9
7,082.7 7,153.1 7,204.7 7,310.9 7,355.4
. ...
,
.„.. .,._....., Jexandthe 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.7.—Gross Domestic Product by Sector
Table 1.8.—Real Gross Domestic Product by Sector
[Billions of dollars]
[Billions of chained (1992) dollars]
Gross domestic product 7,636.0 8,083.4 7,676.0 7,792.9 7,933.6 8,034.38,124.38,241.5
6,401.06,797.46,434.26,543.1 6,666.5 6,755.0 6,831.8 6,936.2
Business!
Nonfarm!
6,311.6 6,702.6 6,341.7 6,450.0 6,573.1 6,657.9 6,736.8 6,842.5
Nonfarm less housing
5,652.8 6,013.2 5,677.3 5,777.1 5,892.5 5,971.0 6,044.2 6,145.2
Housing
658.8 689.4 664.4 673.0 680.6 686.8 692.7 697.3
93.7
97.1
92.5
93.0 93.4
95.0
Farm
89.4 94.8
374.7
Households and institutions ... 346.0 366.3 347.9 352.0 357.7 363.6
11.4
11.4
11.1
11.1
11.3
11.6
Private households
11.5
11.4
Nonprofit institutions
334.6 355.0 336.6 341.0 346.6 352.3 357.9 363.1
2
909.4 915.8 923.2 930.5
919.7 893.9
General government
281.4 285.9 282.1 281.1 286.2 286.2 286.1 285.4
Federal
607.6 633.8 611.8 616.7 623.3 629.6 637.1 645.1
State and local
1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Nonfarm product equals gross domestic business product less gross farm product.
2. Equals compensation of general government employees plus general government consumption of fixed capital
as shown in table 3.7.
Gross domestic product
Business1
Nonfarm'
Nonfarm less housing
Housing
Farm
Households and institutions ...
Private households
Nonprofit institutions
General government2
Federal
State and local
Residual
6,928.4 7,191.4 6,943.8 7,017.4 7,101.6 7,159.6 7,214.0 7,290.3
5,842.9 6,094.4 5,854.9 5,928.5 6,009.6 6,064.4 6,114.4 6,189.3
5,766.8 6,013.7 5,779.8 5,853.3 5,929.7 5,983.2 6,034.0 6,108.0
5,181.4 5,419.2 5,191.3 5,261.3 5,335.3 5,388.2 5,439.2 5,514.2
585.7 595.3 588.7 592.3 594.9 595.6 595.7 595.1
75.5
79.9
311.2
320.6
9.6
74.6
79.0
80.4
79.6
80.5
312.5 314.4
74.7
316.9
319.2
321.7
324.6
9.7
314.9
301.1
311.0
302,5
9.6
304.8
9.6
307.4
9.6
309.6
9.7
312.1
775.9
779.4
778.1
776.6
777.7
236.1
543.8
241.3
537.0
238.9
537.9
238.2
539.9
778.8
237.1
542.1
781.1
240.9
535.2
236.3
545.2
780.1
232.7
547.9
-1.5
-3.5
-1.6
-2.1
-2.7
-3.0
-3.8
-4.7
10.1
10.0
1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Nonfarm product equals gross domestic business product less gross farm product.
2. Equals compensation of general government employees plus general government consumption of fixed capital
as shown in table 3.8.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
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.
SURVEY OF CURRENT BUSINESS
D-4 • National Data
February 1998
Table 1.9.—Relation of Gross Domestic Product, Gross National Product,
Net National Product, National Income, and Personal Income
Table 1.10.—Relation of Real Gross Domestic Product, Real Gross
National Product, and Real Net National Product
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1996
1996
1997
III
Gross domestic product
Plus: Receipts of factor income
from the rest of the world
Less: Payments of factor income
to the rest of the world
Equals: Gross national
product
Less: Consumption of fixed
capital
Private ..
Capital
consumption
allowances
Less: Capital
consumption
adjustment
Government
General
government
Government
enterprises
Equals: Net national product
Less: Indirect business tax and
nontax liability
Business transfer
payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation and capital
consumption adjustments
Net interest
Contributions for social
insurance
Wage accruals less
disbursements
Plus: Personal interest income ...
Personal dividend
income
Government transfer
payments to persons
Business transfer
payments to persons
Equals: Personal income
Addenda:
Gross domestic income
Gross national income
Net domestic oroduct
1996
1997
IV
I
II
III
235.4
248.8
248.2
261.6
2326
242.3
245.6
262.5
282.3
290.1
Equals: Gross national
product
7,669.1 7,796.1 7,919.2 8,013.6 8,103.5
7,637.7
830.1
682.7
868.0
717.0
835.4
687.7
845.6
697.2
855.0
705.4
863.0
712.3
871.6
720.3
882.5
729.8
709.9
750.4
715.4
725.3
736.6
745.9
754.3
764.8
27.1
33.5
27.8
28.1
31.2
33.6
34.0
35.0
147.4
151.1
147.8
148.4
149.6
150.6
151.3
152.7
125.1
127.8
125.4
125.8
126.8
127.4
128.0
129.0
22.3
23.3
22.4
22.6
22.9
23.3
23.4
23.6
6,833.6 6,950.4 7,064.2 7,150.7 7,231.9
6,807.6
604.8
619.5
600.9
33.6
-599
35.4
33.8
25.4
26.1
-79.5
625.3
610.2
616.2
34.2
34.4
35.0
-59.5
-64.3
-73.5
26.0
26.1
26.0
Gross domestic product
Plus: Receipts of factor income
from the rest of the world
Less: Payments of factor income
to the rest of the world
269.4
625.4
626.2
35.9
36.2
-103.2
1996
III
IV
7,636.0 8,083.4 7,676.0 7,792.9 7,933.6 8,034.3 8,124.3 8,241.5
234.3
1997
Less: Consumption of fixed
capital
Private
Government
General
government
Government
enterprises
1997
IV
I
II
III
IV
6,928.4 7,191.4 6,943.8 7,017.4 7,101.6 7,159.6 7,214.0 7,290.3
214.2
214.8
226.0
224.6
236.3
242.5
210.2
2181
2198
2340
2508
2569
6,940.2 7,023.1 7,091.8 7,144.4 7,198.8
6,932.0
776.4
642.4
134.2
807.3
672.2
135.4
779.8
645.7
134.3
786.7
652.2
134.6
797.3
662.6
135.0
806.5
671.5
135.3
816.0
680.8
135.6
809.5
674.0
135.8
114.1
114.9
114.2
114.4
114.6
114.8
115.0
115.1
20.0
20.5
20.1
20.2
20.3
20.4
20.6
20.7
6,160.4 6,236.4 6,294.5 6,338.2 6,383.3
Equals: Net national product
6,155.6
Addenda:
Gross domestic income l
Gross national income2
Net domestic oroduct
6,982.7
7,015.7 7,070.9 7,159.2 7,225.2 7,305.6
7,012.1 7,076.7 7,149.4 7,210.0 7,290.5
6,986.3
6.151.9 6.384.1 6.164.0 6,?30 7 6.304.4 6.353.3 6.398.3 6.480.3
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Gross national income deflated by the implicit price deflator for gross national product.
NOTE.—Except as noted in footnotes 1 and 2, chained (1992) dollar series are calculated as the product of
the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because
the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chaineddollar estimates are usually not additive.
Table 1.11.—Command-Basis Real Gross National Product
24.9
25.8
26.4
[Billions of chained (1992) dollars]
6,303.3 6,376.5 6,510.0 6,599.0 6,699.6
6,254.5
6,932.0
6,940.2 7,023.1 7,091.8 7,144.4 7,198.8
Less: Exports of goods and
services and receipts of factor
income from the rest of the
1,071.7
world
Plus: Command-basis exports of
goods and services and l
receipts of factor income
1 091 1
1,066.8 1,127.6 1,147.3 1,198.9 1,216.0
Gross national product
739.6
4309
735.9
425 1
747.8
4306
779.6
4405
795.1
4481
827.3
451 8
692.0
732.0
696.8
705.1
719.5
726.9
735.0
746.6
1.1
735.7
1.2
768.8
1.1
742.7
1.1
749.8
1.2
757.2
1.2
766.1
1.2
772.6
1.2
779.1
291.2
321.5
292.0
295.2
312.5
318.3
324.5
330.7
1,042.0 1,094.1 1,046.3 1,055.1 1,080.5 1,090.0 1,098.4 1,107.3
26.0
27.1
26.1
26.4
26.7
26.9
27.2
27.5
6,495.2 6,874.4 6,541.9 6,618.4 6,746.2 6,829.1 6,906.9 7,015.4
7,755.5 7,852.4 7,997.9 8,107.9 8,227.4
76959
7,748.5 7,855.5 7,983.6 8,087.2 8,206.7
76976
6.805.9 7.215.4 6.840.6 6.947.3 7,078.5 7.171.4 7,252.6 7,359.0
Equals: Command-basis gross
6,951.4
national product
Addendum:
2
101.8
Terms of trade
1,090.2 1,143.4 1,171.9 1,241.7 1,261.9
6,963.6 7,038.9 7,116.4 7,187.2 7,244.8
102.2
101.4
102.1
103.6
103.8
1. Exports of goods and services and receipts of factor income deflated by the implicit price deflator for imports
of goods and services and payments of factor income.
2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the
corresponding implicit price deflator for imports with the decimal point shifted two places to the right.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
Percent changes from preceding period for selected items in this table are shown in table 8.1.
D-5
National Data
SURVEY OF CURRENT BUSINESS
February 1998
Table 1.16.—Gross Domestic Product of Corporate Business in Current
Dollars and Gross Domestic Product of Nonfinancial Corporate Business in Current and Chained Dollars
Table 1.14.—National Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
1996
1997
III
National income
Compensation of employees ...
Wage and salary accruals
Government
Other
Supplements to wages and
salaries
Employer contributions for
social insurance
Other labor income
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Proprietors' income with
inventory valuation
adjustment
Capital consumption
adjustment
Nonfarm
Proprietors' income
Inventory valuation
adjustment
Capital consumption
adjustment
Rental income of persons with
capital consumption
adjustment
Rental income of persons
Capital consumption
adjustment
Corporate profits with
inventory valuation and
capital consumption
adjustments
Corporate profits with
inventory valuation
adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits ...
Inventory valuation
adjustment
Capital consumption
adjustment
Net interest
Addenda:
Corporate profits after tax with
inventory valuation and
capital consumption
adjustments
Net cash flow with inventory
valuation and capital
consumption adjustments ...
Undistributed profits with
inventory valuation and
capital consumption
adjustments
Consumption of fixed
capital
Less: Inventory valuation
adjustment
Eauals: Net cash flow
Seasonally adjusted at annual rates
1997
1996
IV
I
II
III
1996
IV
III
6,303.3 6,376.5 6,510.0 6,599.0 6,699.6
6,254.5
4,426.9 4,703.4 4,461.0 4,520.7 4,606.3 4,663.4 4,725.2 4,818.6
3,633.6 3,878.4 3,664.0 3,718.0 3,792.7 3,842.7 3,897.3 3,980.8
642.6 665.4 645.5 648.9 657.8 662.0 667.7 674.2
2,991.0 3,213.0 3,018.4 3,069.0 3,134.9 3,180.8 3,229.6 3,306.7
Gross domestic product
of corporate business
825.0
797.0
802.7
813.6
820.7
827.9
837.7
Consumption of fixed capital
385.7
407.6
408.4
416.6
388.6
408.4
393.6
409.1
401.3
412.3
405.6
415.1
410.2
417.7
416.4
421.4
520.3
544.7
523.8
528.3
534.6
543.6
547.2
553.3
37.2
40.9
40.1
40.4
40.2
43.6
40.9
39.0
45.0
48.5
47.9
48.1
47.9
51.2
48.5
46.4
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies
Domestic income
Compensation of
employees
Wage and salary
accruals
Supplements to wages
and salaries
Corporate profits with
inventory valuation and
capital consumption
adjustments
Profits before tax
Profits tax liability
Profits after tax ....
Dividends
Undistributed profits
Inventory valuation
adjustment
Capital consumption
adjustment
Net interest
Gross domestic product
of financial corporate
business
Gross domestic product
of nonfinancial
corporate business
Consumption of fixed capital
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies
Domestic income
Compensation of
employees
Wage and salary
accruals
Supplements to wages
and salaries
Corporate profits with
inventory valuation and
capital consumption
adjustments
Profits before tax
Profits tax liability
Profits after tax
Dividends ..
Undistributed profits
Inventory valuation
adjustment
Capital consumption
adjustment
Net interest
-7.8
-7.6
-7.8
-7.8
-7.7
-7.6
-7.5
-7.5
483.1
455.3
503.8
474.6
483.7
456.1
487.9
460.0
494.4
466.3
500.0
470.8
506.3
477.0
514.4
484.3
-.1
.6
A
—.£
-.1
.4
28.0
28.9
27.8
27.5
28.1
28.7
29.1
29.7
146.3
193.3
148.1
197.6
148.0
195.5
149.2
197.3
149.0
197.9
148.7
197.6
148.0
197.7
146.6
197.0
-47.0
-49.5
-47.5
-48.1
^8.9
-48.9
^9.7
-50.4
735.9
739.6
747.8
779.6
795.1
827.3
6741
6764
679.1
231 6
447.5
305.7
141 8
6834
680.0
2260
454.0
309.1
711 9
708.4
241 2
467.2
326.8
1449
1403
7257
719.8
2445
475.3
333.0
142.3
757.1
753.4
2582
495.2
339.1
156.1
5.9
3.6
-2.5
61.8
336.1
4.9
-2.7
3.3
3.5
425.1
63.2
64.4
67.7
69.4
70.3
430.9
69.7
430.6
440.5
448.1
345.6
6.5
451.8
71.3
506.9
508.0
521.8
538.4
550.6
569.1
654.3
657.8
674.6
678.9
690.2
707.9
202.1
202.3
212.6
211.5
217.6
230.0
455.5
462.0
467.4
472.6
478.0
484.8
-2.7
3.3
671.3
3.5
675.5
5.9
684.4
3.6
704.3
6.5
452.3
-2.5
656.8
475.7
4.9
660.5
1997
IV
I
II
III
IV
Billions of dollars
793.3
676.6
2290
447.6
304.8
142.8
1996
1997
4,661.0
4,624.9
452.3
475.7
4,733.2 4,824.8 4,897.2 4,989.2
462.0
467.4
472.6
478.0
484.8
42055 4,271 2 43574 44246 4511 3
41726
463.9
3,708.7
455.5
476.5
460.9 485.0 465.9 474.4 483.1
3,744.6 3,786.2 3,891.5 3,950 2 40282
482.5
2,926.7 3,127.0 2,951.4 2,997.9 3,056.5 3,098.2 3,142.3 3,211.1
2,433.5 2,614.2 2,456.3 2,500.7 2,550.7 2,588.0 2,627.6 2,690.3
493.2
495.1
497.3
505.8
6400
580.7
229.0
351.6
270.8
6478
587.4
231.6
355.7
265.6
6403
572.5
226.0
346.5
281.6
80.8
90.1
64.9
6822
611.0
241.2
3698
292.7
771
-2.5
61.8
1421
512.9
4.9
69.7
3.5
6944
7275
6535
258.2
3953
292.0
6191
244.5
3745
293.6
809
5.9
520.8
1033
3.6
63.2
64.4
67.7
69.4
70.3
148.0
152.8
157.6
513.2
525.1
536.1
6.5
158.4
495.2
543.0
71.3
4,165.8 4,220.1 4,299.7 4,361.1 4,446.3
4,132.4
413.3
396.2
401.8
406.3
410.7
415.3
421.0
3,769.7 3,818.3 3,893.4 3,950.4 4,031.0
3,739.0
421.8
3,317.2
3.3
514.7
145.4
492.5
393.4
-2.7
510.2
439.7
423.7 430.0 432.2 437.0 445.3
3,345.9 3,388.3 3,461.2 3,513.3 3,585.7
444.4
2,682.9 2,866.5 2,704.7 2,745.3 2,801.9 2,840.1 2,880.6 2,943.6
2,228.6 2,394.0 2,248.7 2,287.5 2,335.8 2,370.0 2,406.3 2,463.7
454.4
545.8
477.2
154.8
322.4
196.4
126.0
-2.5
71.1
4.9
79.7
885
456.0
457.8
466.0
470.1
474.2
553.3
483.4
156.8
326.6
191.8
134.8
472.5
561.7
484.4
159.0
325.5
199.4
126.1
575.4
494.5
159.4
335.1
207.0
128.2
586.7
501.5
161.8
3398
208.1
131.7
618.2
534.2
174.1
207.7
152.4
3.3
3.5
5.9
3.6
-2.7
72.6
88.0
74.0
81.3
77.4
83.9
79.3
86.6
479.8
3601
80.4
87.0
6.5
81.6
Billions of chained (1992) dollars
Gross domestic product
of nonfinancial
corporate business J ...
,887.8
Consumption of fixed 3
capital2 ....
Net domestic product
374.4
,513.5
3,913.7 3,963.5 4,022.2 4,068.9 4,146.5
402.7
376.6 381.7 396.0 402.2 408.2
3,537.1 3,581.8 3,626.2 3,666.7 173ft 3
404.2
1. Chained-dollar gross domestic product of nonfinancial corporate business equals the current-dollar product deflated by the implicit price deflator for goods and structures in gross domestic product.
2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product
of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100.
3. Chained-dollar net domestic product of nonfinancial corporate business is the difference between the gross
product and the consumption of fixed capital.
SURVEY OF CURRENT BUSINESS
D-6 • National Data
February 1998
2. Personal Income and Outlays.
Table 2.2.—Personal Consumption Expenditures by Major Type of
Product
Table 2.1.—Personal Income and Its Disposition
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1996
1996
1997
III
Personal income
Wage and salary
disbursements
Private industries
Goods-producing
industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Nonfarm
Seasonally adjusted at annual rates
1997
IV
I
II
III
IV
3,632.5 3,877.2 3,662.8 3,716.9 3,791.5 3,841.6 3,896.1 3,979.7
2,989.9 3,211.8 3,017.3 3,067.9 3,133.7 3,179.6 3,228.4 3,305.5
909.1 960.1 917.2 927.8 942.9 952.8 961.4 983.5
674.7 705.9 680.1 685.6 694.1 700.3 706.0 723.1
823.3 876.0 829.0 840.6 856.8 867.0 880.8 899.6
1,257.5 1,375.6 1,271.1 1,299.5 1,334.1 1,359.8 1,386.3 1,422.4
642.6 665.4 645.5 648.9 657.8 662.0 667.7 674.2
407.6
416.6
408.4
409.1
412.3
415.1
417.7
421.4
520.3
544.7
523.8
528.3
534.6
543.6
547.2
553.3
37.2
40.9
40.1
40.4
40.2
43.6
40.9
39.0
483.1
503.8
483.7
487.9
494.4
500.0
506.3
514.4
146.3
148.1
148.0
149.2
149.0
148.7
148.0
146.6
291.2
321.5
292.0
295.2
312.5
318.3
324.5
330.7
Personal interest income
735.7
768.8
742.7
749.8
757.2
766.1
772.6
779.1
Transfer payments to
persons
1,068.0 1,121.1 1,072.4 1,081.5 1,107.2 1,117.0 1,125.7 1,134.8
Old-age, survivors,
disability, and health
537.6 566.7 540.0 545.6 558.9 564.4 569.4 574.1
insurance benefits
Government unemployment
22.1
21.5
21.9
21.6
21.8
21.6
insurance benefits
22.0
21.3
22.4
22.3
22.4
21.4
22.4
22.5
21.7
21.6
Veterans benefits
Government employees
retirement benefits
142.5 153.4 143.7 145.9 150.4 152.7 154.2 156.3
Other transfer payments .... 344.2 356.9 345.7 347.0 353.5 355.6 358.0 360.5
19.7
20.7
19.0
18.2
18.1
21.7
18.8
21.6
Family assistance!
Other
322.5 338.2 324.2 326.2 333.8 336.6 339.8 342.5
306.3
323.6
308.2
311.5
318.2
321.3
324.8
330.2
Less: Personal tax and nontax
payments
886.9 987.9 897.3 922.6 955.7 979.2 998.0 1,018.5
Equals: Disposable personal
income
5,608.3 5,886.6 5,644.6 5,695.8 5,790.5 5,849.9 5,908.9 5,996.9
5,368.8 5,661.0 5,390.6 5,475.4 5,574.6 5,602.8 5,700.8 5,765.8
Less: Personal outlays
Personal consumption
5,207.6 5,488.6 5,227.4 5,308.1 5,405.7 5,432.1 5,527.4 5,589.3
expenditures
147.4 150.5 151.9 153.1 155.1 157.9
145.2 154.5
Interest paid by persons
Personal transfer payments to
16.7
17.0
17.6
18.2
18.5
17.9
15.9
15.9
the rest of the world (net)
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of 2
chained
(1992) dollars
Per capita:
Current dollars
Chained (1992) dollars
Population (mid-period,
millions)
Personal saving as a
percentage of disposable
personal income
239.6
225.6
254.0
220.4
215.9
247.0
208.2
231.1
21,117 21,976 21,229 21,373 21,689 21,865 22,034 22,312
19,116 19,497 19,161 19,152 19,331 19,439 19,518 19,700
265.6
267.9
265.9
266.5
267.0
267.5
268.2
268.8
4.3
3.8
4.5
3.9
3.7
4.2
3.5
3.9
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.
1
2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
III
Personal consumption
expenditures
Durable goods
Motor vehicles and parts
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
1997
IV
I
II
III
IV
5,207.6 5,488.6 5,227.4 5,308.1 5,405.7 5,432.1 5,527.4 5,589.3
634.5
659.4
634.5
638.2
658.4
644.5
667.3
261.3
262.9
260.0
258.9
265.7
252.7
268.7
264.6
252.6
120.6
267.6
128.9
254.2
120.3
255.9
123.4
263.8
128.9
265.4
126.5
269.9
128.8
271.5
131.5
667.6
1,534.7 1,592.7 1,538.3 1,560.1 1,587.4 1,578.9 1,600.8 1,603.9
756.1
264.3
122.6
776.4
277.6
124.6
757.4
265.7
121.4
766.6
266.2
126.0
775.5
275.2
128.5
771.4
274.8
121.6
779.3
280.5
123.5
779.5
279.8
124.6
11.6
10.9
11.2
12.0
11.0
11.0
10.9
10.7
380.1
403.3
382.7
389.3
397.1
400.0
406.5
409.4
3,038.4 3,236.5 3,054.6 3,109.8 3,159.9 3,208.7 3,259.3 3,317.9
787.2
315.9
125.3
190.6
218.4
808.1
908.9
826.4
328.7
127.2
201.5
236.3
855.0
990.1
791.8
313.4
122.8
190.6
219.7
811.9
917.8
800.7
321.8
126.8
195.0
224.8
826.9
935.6
810.5
320.8
124.9
195.9
228.9
841.0
958.8
821.2 831.9 842.2
326.7 328.8 338.6
127.2 125.2 131.5
199.5 203.6 207.1
233.4 238.5 244.3
849.6 859.7 869.7
977.9 1,000.4 1,023.2
Table 2.3.—Real Personal Consumption Expenditures by Major Type of
Product
[Billions of chained (1992) dollars]
Personal consumption
expenditures
Durable goods ,
Motor vehicles and parts ...
Furniture and household
equipment
Other
Nondurable goods ....
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
Residual.
5,076.9 5,222.7 5,094.8 5,103.8 5,161.1 5,200.9 5,234.1 5,294.8
1996
1997
6,495.2 6,874.4 6,541.9 6,618.4 6,746.2 6,829.1 6,906.9 7,015.4
Rental income of persons
with capital consumption
adjustment
Personal dividend income ...
Less: Personal
contributions for social
insurance
1996
4,714.1 4,869.7 4,718.2 4,756.4 4,818.1 4,829.4 4,896,
4,935.0
611.1
645.8
611.9
617.1
637.8
629.0
656.1
660.3
231.3
232.8
229.7
228.0
233.4
223.1
238.7
236.0
269.5
113.3
296.7
121.8
272.3
113.2
276.8
116.3
287.4
121.4
292.3
119.7
301.1
121.7
305.9
124.5
1,432.3 1,459.3 1,433.9 1,441.2 1,457.8 1,450.0 1,465.5
1,464.1
689.7
267.7
114.1
689.9
278.2
115.9
687.3
270.8
114.1
689.0
270.0
114.8
694.6
277.1
114.7
9.4
363.7
688.2
273.8
116.1
689.5
281.3
116.2
687.3
280.6
116.7
10.1
10.4
10.1
363.4
370.0
371.4
2,671.0 2,765.2 2,672.8 2,698.2 2,723.9 2,749.8 2,776.1
2,811.0
10.6
10.0
10.6
10.3
351.2
367.1
352.5
358.3
700.2
289.6
117.8
171.7
194.6
688.1
799.4
713.8
295.3
116.9
178.1
202.7
711.8
842.3
701.7
285.8
114.8
170.9
195.4
689.8
800.8
704.8
291.7
117.7
173.9
197.0
697.1
808.4
-5.1
-8.3
-5.7
-6.0
708.3
288.0
113.8
174.0
199.3
704.4
824.3
712.0
294.2
117.8
176.2
200.9
708.8
834.5
715.6
295.7
115.7
179.7
203.9
714.2
847.1
719.2
303.1
120.3
182.6
206.6
719.6
863.3
-7.5
-5.9
-9.1
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
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.
National Data •
SURVEY OF CURRENT BUSINESS
February 1998
3. Government Receipts, Current Expenditures, and Gross InvestmentTable 3.1.—Government Receipts and Current Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
1996
1997
III
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Current expenditures
Consumption expenditures
Transfer payments (net)
To persons
To the rest of the world (net)
Net interest paid
Interest paid
To persons and business
To the rest of the world
Less' Interest received by government
Less1 Dividends received by government
Subsidies less current surplus of government enterprises
Subsidies
Less* Current surplus of government enterprises
Less* Wage accruals less disbursements
Current surplus or deficit (-), national income and product accounts
Social insurance funds
Other
2,412.7
886.9
229.0
604.8
692.0
2,417.8
1,182.4
987.9
619.5
732.0
2,510.9
1,227.0
1,058.3 1,107.3
1,042.0 1,094.1
13.2
16.3
165.4 165.1
317.7 319.2
246.4
71.3
152.3 154.0
13.6
14.6
25.4 26.1
33.5
34.5
8.4
8.1
0
0
-5.1
126.6 135.0
-131.7
1997
1996
IV
I
2,426.7 2,479.0 2,526.6
897.3 922.6 955.7
231.6 226.0 241.2
600.9 625.3 610.2
696.8 705.1 719.5
2,423.6 2,455.8 2,477.4
II
III
2,566.8 2,616.7
979.2 998.0
244.5 258.2
616.2 625.4
726.9 735.0
2,498.7 2,516.1
1,189.8 1,197.0 1,209.7 1,221.6 1,230.8
1,058.2 1,078.0 1,091.0 1,100.8 1,108.5
1,046.3 1,055.1 1,080.5 1,090.0 1,098.4
11.9 22.9 10.5 10.8
10.0
164.4 168.8 164.9 164.9 165.6
318.1 320.7 317.9 319.1 319.7
244.1 241.3 233.3 227.9 225.9
91.2 93.9
74.0 79.4 84.6
153.7 152.0 153.0 154.1 154.1
13.7
14.7 14.7
14.0 14.3
24.9 26.0 26.1
26.0 25.8
33.7 34.1 34.6
33.5
34.7
7.7
8.5
8.0
8.6
8.8
0
0
0
0
0
3.1 23.2 49.2 68.1 100.6
129.7 132.0 129.9 132.0 135.8
-126.6 -108.8 -80.7 -63.9 -55.1
IV
1,018.5
626.2
746.6
2,551.5
1,245.9
1,129.0
1,107.3
21.7
165.2
320.0
154.8
14.9
26.4
34.5
8.1
0
142.5
D-7
SURVEY OF CURRENT BUSINESS
D-8 • National Data
February 1998
Table 3.3.—State and Local Government Receipts and Current
Expenditures
Table 3.2.—Federal Government Receipts and Current Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1996
1997
III
Receipts
Personal tax and nontax receipts
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals ....
Federal Reserve banks
Other
Indirect business tax and nontax
accruals . ...,
Excise taxes
Customs duties
Nontaxes
Contributions for social insurance
Current expenditures
Consumption expenditures
Transfer payments (net)
To persons
To the rest of the world (net)
Grants-in-aid to State and local
governments
Net interest paid
Interest paid
To persons and business
To the rest of the world
Less: Interest received by
government
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of
government enterprises
Less: Wage accruals less
disbursements
Current surplus or deficit
(-), national income
and product accounts
Social insurance funds
Other
Seasonally adjusted at annual rates
1997
1996
IV
II
I
III
IV
III
686.7
666.8
773.6
750.3
695.7
674.8
717.5
697.2
746.9
725.0
767.9
744.1
781.9
758.5
797.6
773.4
17.5
20.6
18.4
17.7
19.3
21.1
20.7
21.4
2.5
2.6
2.6
2.6
2.7
194.5
201
196.7
192.0
204.9
207.7
20.1
20.4
20.9
1744
176.6
171.7
184.0
91.5
55.7
20.2
15.5
110.2
88.2
56.5
18.6
13.2
2.7
219.3
95.8
56.4
19.2
20.2
610.5
2.7
91.3
58.9
19.7
12.7
645.8
614.8
59.6
16.8
33.7
622.0
635.3
21.2
21.7
186.5
197.7
92.2
59.0
20.5
12.7
92.4
59.0
20.9
12.6
641.5
648.2
92.5
61.1
19.0
12.5
658.2
1,698.1 1,751.9 1,698.2 1,718.8 1,730.8 1,746.0 1,752.6 1,778.3
451.5
464.1
454.0
453.6
458.0
464.2
464.7
469.4
763.5
747.2
795.5
782.3
761.5
749.7
777.3
754.4
785.9
775.5
791.4
780.5
794.5
784.5
810.3
788.6
16.3
13.2
11.9
22.9
10.5
10.8
10.0
21.7
218.3
223.8
218.7
217.5
219.6
222.5
224.2
228.8
227.1
253.1
181.8
71.3
226.6
253.4
179.5
231.8
256.1
176.7
228.9
253.2
168.7
229.8
254.4
163.3
231.2
255.1
161.2
74.0
230.4
254.5
79.4
84.6
91.2
231.5
255.4
93.9
26.0
24.2
26.9
24.3
24.4
24.6
23.9
23.8
37.7
33.1
38.2
34.1
37.4
33.1
38.5
33.4
38.4
33.8
38.1
34.3
37.9
34.3
38.3
34.1
-4.6
-4.1
-4.2
-5.1
-4.7
-5.9
-3.6
-4.2
0
0
0
0
0
0
0
-99.5
-110.5
55.3
-165.8
63.6
-77.1
-55.5
58.2
60.6
58.7
-157.8 -137.7 -114.2
0
-36.8
-10.8
60.4
64.4
-97.2
-75.2
1996
1997
1,598.6 1,641.6 1,675.3 1,709.3 1,741.8
1,587.6
2.5
1996
70.9
Receipts
Personal tax and nontax receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals ....
Indirect business tax and nontax
accruals
Sales taxes
Property taxes
Other
Contributions for social insurance
Federal grants-in-aid
Current expenditures
Consumption expenditures
Transfer payments to persons ...
1,043.4
Net interest paid
Interest paid
Less: Interest received by
government
Less: Dividends received by
government
Subsidies less current surplus of
government enterprises
Subsidies ..
Less: Current surplus of
government enterprises
Less: Wage accruals less
disbursements
Current surplus or deficit
(-), national income
and product accounts
Social insurance funds
Other
....
.
1997
IV
I
II
III
IV
1,046.7 1,054.9 1,070.9 1,080.0 1,099.1
200.2
149.1
214.3
159.8
201.7
150.3
205.1
153.1
208.7
155.7
211.3
157.4
216.1
161.2
220.9
165.1
28.8
22.3
31.0
23.5
29.1
22.3
29.6
22.5
30.1
22.9
30.7
23.3
31.3
23.7
31.8
24.0
34.9
34.0
36.4
36.8
38.9
522.0
256.2
206.2
524.0
255.6
207.8
533.0
258.4
209.4
533.7
259.5
211.5
62.7
34.5
508.9
249.8
202.3
528.2
257.4
208.7
509.4
249.6
203.0
515.1
251.9
204.7
56.8
62.0
56.8
58.5
59.6
60.6
65.2
81.4
86.2
82.0
83.1
84.2
85.4
86.8
88.3
218.3
223.8
218.7
217.5
219.6
222.5
224.2
228.8
938.0
982.7
944.2
954.5
966.1
975.1
987.7 1,001.9
730.9
762.9
735.9
743.3
751.7
757.4
766.1
776.5
294.8
311.8
296.6
300.6
305.1
309.5
314.0
318.7
-61.7
-65.2
-62.2
-63.0
-64.0
-64.9
-65.6
-66.4
64.6
64.6
64.6
64.7
64.6
64.6
64.6
64.7
126.3
129.9
126.8
127.7
128.6
129.5
130.3
131.0
13.6
14.6
13.7
14.0
14.3
14.7
14.7
14.9
-12.3
.3
-12.1
.3
-12.4
.3
-12.5
.3
-12.3
.3
-12.2
.3
-12.1
.3
-12.0
.3
12.7
12.5
12.8
12.8
12.7
12.5
12.4
12.3
0
0
0
0
0
0
0
0
102.6
105.3
71.3
34.1
71.4
100.4
104.7
104.9
111.4
71.5
31.1
71.4
28.9
71.3
33.5
71.6
33.3
71.4
40.0
71.5
SURVEY OF CURRENT BUSINESS
February 1998
National Data • D-9
Table 3.7.—Government Consumption Expenditures and Gross
Investment by Type
Table 3.8—Real Government Consumption Expenditures and Real Gross
Investment by Type
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1996
1996
1997
III
1996
1997
IV
I
II
III
520.0
524.8
521.6
517.6
516.1
526.1
525.7
National defense
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of
general government
employees, except
force-account
construction 3
Consumption of
general government
fixed capital4
Other services
Gross investment
Structures
Equipment
352.8
305.7
350.8
311.2
350.6
311.3
352.1
311.6
21.4
20.6
21.9
7.9
275.6
7.2
282.7
350.6
307.6
20.6
7.2
279.8
343.3
306.4
22.3
354.8
309.3
247
8.5
276.1
7.6
278.2
6.8
282.7
357.1
315.5
22.6
20.5
7.2
7.1
283.9 285 9
135.2
135.9
135.9
134.7
136.8
136.1
135.8
134.9
57.3
83.0
47.0
57.0
89.8
39.6
57.0
89.6
39.3
56.9
91.2
40.5
6.3
333
Nondefense
Consumption expenditures
Durable goods 2
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
general government
employees, except
force-account
construction 3
Consumption of
general government
fixed capital4
Other services
Gross investment
Structures
Equipment
167.3
145.7
c
57
174.0
152.S
57.1
87.9
42.9
6.6
36.3
167.0
146.0
57.1
84.3
37.0
6.8
6^8
57.2
83.0
45.5
6.6
38.8
166.8
144.6
.7
5.2
—.4
13&2
-.1
6.9
145.4
5^£
1387
77.5
81.2
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general
government
employees, except
force-account
construction 3
Consumption of general
government fixed
capital4
Other services
Gross investment
Structures
Equipment
Addenda:
Compensation of general
government employees3 ....
Federal .
State and local
40.2
c
30.7
33.1
34.3
172.8
151.7
g
175.5
152.9
.8
67
173.6
153.1
.6
6.6
57.0
94.0
41.6
6.4
352
174.0
153.8
.6
7.2
r
—.c.
6.3
6^6
r
531.1
6.2
6.2
ms
0
6.6
144.2
6.8
145.5
—.2
6.8
145.9
-.2
7.4
1 46 1
77.6
77.8
80.6
81.4
81.4
81.4
11.3
49.8
22.1
11.3
10.9
886.7 929.1 891.9
730.9 762.9 735.9
15.4
15.3
15.8
78.2
78.3
80.5
637.5 666.6 642.2
11.4
50.7
21.0
11.4
11.5
52.0
21.1
11.2
117
11.8
52.5
22.6
10.5
12.0
527
12.0
52.7
20.2
10.6
96
647.6
655.1
661.8
669.9
944.4
776.5
16.1
80.8
679 6
11.2
50.4
21.5
11.3
10.2
11.8
52.5
21.1
10.8
10.3
9.6
9.9
20.5
10.9
9.6
904.7
743.3
917.0
751.7
923.0
757.4
932.3
766.1
15.5
80.3
15.6
81.0
15.7
79.9
15.9
80.3
547.2
570.6
551.1
555.4
561.1
566.7
573.7
580.9
56.6
33.7
59.0
37.0
57.3
34.9
58.1
36.0
58.7
36.3
59.2
37.0
155.7
128.5
166.2
138.6
161.4
133.9
165.2
137.7
165.6
138.0
166.2
138.5
27.3
27.6
56.8
34.3
156.0
128.6
27.4
27.4
27.5
27.6
27.7
60 0
38 7
167.9
140.3
27.6
I
IV
II
763.9
212.8
551.0
791.9
217.2
574.8
768.5
213.5
555.0
772.0
212.6
559.4
7827
217.5
565.2
788.4
217.5
570.9
795.2
217.3
577.9
5
2-J64
585 1
801
III
IV
Government consumption
expenditures and
gross investment '
1,257.9 1,270.6 1,261.5 1,261.8 1,260.5 1,270.1 1,273.4 1,278.5
464.2 457.8 465.7 459.6 452.8 460.1 458.8 459.5
Federal
National defense
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of
general government
employees, except
force-account
construction3
Consumption of
general government
fixed
capital4
Other services
Gross investment
Structures
Equipment
Nondefense
Consumption expenditures
Durable goods2
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
general government
employees, except
force-account
construction3
Consumption of
general government
fixed capital4
Other services
Gross investment
Structures
Equipment
. .
State and local
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of general
government
employees, except
force-account
construction3
Consumption of general
government fixed
capital4
Other services
Gross investment
Structures
Equipment
317.8 309.0
275.5 273.2
21.8
20.8
7.2
6.6
246.5 245.7
117.2
6.2
247.8
303.9 309.4 310.3
270.3 273.9 273.6
20.0 21.2
19.9
6.6
6.9
6.3
243.5 246.3 246.6
312.6
274.8
21.9
67
246.2
117.2
115.4
114.5
111.1
51.3
77.9
41.4
51.0
81.6
39.2
319.4
278.1
313.6
274.4
24.1
20.2
7.8
246.3
112.9
51.4 50.4
82.8
78.0
42.3 35.9
5.0
5.6
307
36.5
146.1 148.3
125.3 127.6
1.1
1.1
6.1
5.1
—,t
5.4
119.1
61.3
5.4
33.7
146.0
124.6
1.1
4.7
145.7
125.1
.9
5.1
-.1
—A
6.2
5.1
120.5 118.9
61.3
10.8
11.3
47.4
48.5
20.8
21.0
9.3
10.0
11.1 11.9
793.7 812.9
653.6 6667
14.4
14.8
71.5 74.1
567.9 577.9
5.4
35.8
617
/•
113.3
113.0
50.8 50.5
50.3
50.0
78.4
83.0 83.9
85.8
33.5 35.4
367 37.8
4.9
5.0
4.9
5.0
28.2 30.3
31.7 32.6
148.5 150.2 148.0 146.6
127.7 128.2 127.8 126.6
1.2
1.2
1.0
1.0
6.0
6.4
5.9
6.0
0
6.0
120.6
r
—.£.
r\
—.£.
5.3
119.1
6.1
121.1
6.1
120.9
-.2
6.6
119.3
61.4
61.6
61.9
61.5
60.1
—-.£.
569.6
11.0 11.1 11.2
11.3
11.5
47.2 48.3
487 48.5
48.6
20.8
20.6
22.2
20.0
20.3
9.8
10.0
9.1
9.0
9.3
10.7 11.3
11.2
13.8
11.3
802.3 807.7 810.1 814.7 819.0
657.8 661.1 664.3 668.6 672.6
14.7
14.6
14.8
15.0
14.9
72.5 73.2 73.8
74.4
75.1
570.9 573.5 576.0 579.5 582.8
10.8
46.7
21.6
10.0
11.9
795.9
655.7
14.5
71.8
479.9
487.0
481.5
482.0
483.5
485.4
52.0
37.4
140.1
112.8
27.4
-2.1
53.4
39.4
146.2
117.5
28.8
52.2
37.3
Residual
, , _,
1 . Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except ft)r goods
transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new force-account construction and related exp(wditures
for goods and services are classified as investment in structures. The compensation of all general governrr ent employees is shown in the addenda.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero
net return on these assets.
1997
1996
III
IV
Government consumption
expenditures and
1,406.7 1,453.9 1,413.5 1,422.3 1,433.1 1,449.0 1,457.9 1,475.6
gross investment '
Federal
1997
-2.4
52.6
37.9
144.5
116.6
28.0
-2.2
52.9
38.8
146.6
118.4
28.3
-2.1
Addenda:
Compensation of general
government employees3 ....
hederai
State and local
661.9 664.6
178.9 174.7
483.2 490.5
664.0
179.4
484.9
662.3
177.2
485.4
663.2
176.5
487.1
140.1
112.6
27.6
488.2
490.6
53.2
39.0
145.8
117.2
28.6
53.5
39.6
146.1
117.2
29.1
-3.1 -3.0
53.8
40.2
146.4
117.4
29.2
-37
664.1 666.2
175.6 175.0
489.0 491.7
665.1
171.6
494.2
NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive,
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the
lines in the addenda,
See footnotes to table 3.7.
D-10 • National Data
SURVEY OF CURRENT BUSINESS
February 1998
Table 3.10.—National Defense Consumption Expenditures and Gross
Investment
Table 3.11.—Real National Defense Consumption Expenditures and Real
Gross Investment
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1996
1997
III
Seasonally adjusted at annual rates
1996
1997
1996
IV
II
I
III
III
IV
National defense
consumption
expenditures and
gross investment '
352.8
350.8
354.8
350.6
343.3
350.6
352.1
357.1
National defense
consumption
expenditures and
gross investment '
Consumption expenditures
305.7
311.2
309.3
307.6
306.4
311.3
311.6
315.5
Consumption expenditures
Durable goods 2 .
Aircraft
Missiles
Ships
Vehicles
Electronics
Other durable goods
22.3
21.4
24.7
10.6
20.6
20.6
21.9
10.1
20.5
22.6
10.8
3.1
.6
.8
2.4
4.8
Durable goods2
Aircraft
Missiles
Ships
Vehicles
Electronics ..
Other durable goods
Nondurable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods ....
Services
Compensation of general
government employees,
except force-account
construction3
Military
Civilian
Consumption of general
government fixed
capital4 . . . .
Other services
Research and
development
Installation support
Weapons support
Personnel support
Transportation of
material
Travel of persons
Other
Gross investment
Structures
Equipment
Aircraft
Missiles
Ships
Vehicles
Electronics
Other equipment
Addendum:
Compensation of general 3
government employees ....
3.8
1.3
1.1
2.9
5.0
9.2
2.8
.6
.9
2.3
4.8
9.2
2.8
.7
1.2
2.5
4.1
7.2
8.5
7.2
2.9
1.3
3.0
4.1
1.1
3.3
3.0
.7
3.6
282.7
276.1
279.8
9.7
3.2
.9
1.0
2.6
5.0
9.8
3.0
.7
.9
2.5
4.4
7.9
3.4
1.1
3.4
275.6
3.1
.7
.9
2.6
4.4
9.2
3.2
.7
.8
2.6
4.0
7.6
6.8
7.2
7.1
3.1
1.5
3.0
3.0
1.1
2.7
3.0
1.1
3.2
2.5
1.5
3.1
278.2
282.7
283.9
285.9
135.2
135.9
135.9
134.7
136.8
136.1
135.8
134.9
85.8
49.4
86.7
49.1
86.3
49.5
86.2
48.5
87.1
49.7
86.7
49.4
86.8
49.0
86.3
48.6
57.3
83.0
57.0
89.8
57.2
83.0
57.1
87.9
57.1
84.3
57.0
89.6
56.9
91.2
57.0
94.0
23.5
27.4
27.4
26.8
24.2
28.3
26.2
26.4
25.8
25.9
27.5
26.7
25.9
27.9
30.4
26.5
6.9
7.7
6.7
6.3
19.0
4.7
4.3
6.8
22.3
4.4
3.8
5.4
18.8
4.7
4.2
8.0
20.5
4.7
4.1
5.9
20.2
4.5
3.9
22.4
4.2
3.9
23.3
4.1
3.7
23.3
4.6
3.6
-2.1
-1.6
-2.6
-1.9
-1.8
-2.0
-1.5
-1.1
47.0
39.6
45.5
42.9
37.0
39.3
40.5
41.6
6.8
40.2
6.3
33.3
9.3
4.1
6.8
.9
3.6
5.8
3.1
6.1
1.2
3.2
15.5
13.9
135.2
135.9
6.6
38.8
7.6
4.3
6.6
.9
4.0
15.5
135.9
6.6
36.3
5.9
3.7
6.3
.8
3.2
16.3
134.7
6.3
30.7
4.7
2.9
5.6
1.0
3.3
13.2
136.8
6.2
33.1
4.0
3.4
6.7
1.3
3.4
14.3
136.1
6.2
34.3
6.8
2.9
6.4
1.3
3.3
13.5
135.8
6.4
35.2
7.5
3.1
5.8
1.2
3.0
14.7
134.9
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries.
3. Compensation of government employees engaged in new force-account construction and related expenditures
for goods and services are classified as investment in structures. The compensation of all general government employees is shown in the addendum.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero
net return on these assets.
1996
1997
Petroleum products
Ammunition
Other nondurable goods ....
Services
Compensation of general
government employees,
except force-account
construction3
Military
Civilian
Consumption of general
government fixed
capital4
Other services
Research and
development
Installation support
Weapons support
Personnel support
Transportation of
material
Travel of persons
Other
Gross investment
Structures
Equipment
Aircraft
Missiles
Ships
Vehicles
Electronics
Other equipment
Residual
Addendum:
Compensation of general 3
government employees ....
1997
IV
I
II
III
IV
317.8
309.0
319.4
313.6
303.9
309.4
310.3
312.6
275.5
273.2
278.1
274.4
270.3
273.9
273.6
274.8
21.8
20.8
24.1
10.2
20.2
20.0
21.2
19.9
21.9
10.6
9.8
3.1
.7
9
2.4
4.4
8.9
2.9
.7
1.2
2.6
3.8
2.8
4.0
8.9
3.2
.7
.7
2.8
3.7
7.8
6.2
6.6
6.3
6.9
6.7
3.7
1.0
3.1
2.4
.6
3.4
2.6
1.3
2.8
2.9
2.6
3.1
g
3.0
2.4
1.3
3.0
245.7
246.3
247.8
243.5
246.3
246.6
246.2
117.2
112.9
117.2
115.4
114.5
113.3
113.0
111.1
76.9
40.4
74.9
38.2
76.7
40.6
76.1
39.4
75.5
39.0
74.8
38.6
74.9
38.2
74.5
36.8
51.4
78.0
50.4
82.8
51.3
77.9
51.0
81.6
50.8
78.4
50.5
83.0
50.3
83.9
50.0
85.8
23.5
24.9
27.0
24.2
24.3
25.6
26.0
23.8
25.7
23.5
27.1
24.2
25.4
25.2
29.6
23.7
9.3
3.4
.8
.9
2.7
4.6
9.6
3.1
.7
.9
2.7
4.0
7.2
6.6
3.1
1.0
3.2
2.8
1.1
2.8
246.5
5.7
17.2
4.7
4.1
6.0
19.5
4.3
3.5
4.0
1.2
1.1
3.0
4.6
4.9
17.0
4.6
4.0
8.9
3.1
5
g
7.1
18.1
4.6
3.8
5.2
17.7
4.4
3.6
g
6.1
19.8
4.1
3.6
6.7
20.5
4.0
3.4
3.1
.6
.8
2.5
4.4
5.8
20.1
4.6
3.3
-1.9
-1.4
-2.3
-1.6
-1.6
-1.7
-1.3
-1.0
42.3
35.9
41.4
39.2
33.5
35.4
36.7
37.8
5.6
36.5
7.1
4.4
6.1
.8
4.4
14.1
-.6
117.2
5.0
30.7
4.9
3.0
5.4
1.0
4.4
5.4
35.8
6.4
4.5
5.9
.7
5.0
12.4
13.9
-1.4
-1.0
112.9
117.2
5.4
33.7
5.0
4.0
5.6
.7
4.2
14.7
-.9
115.4
5.0
28.2
4.0
2.9
4.9
.9
4.3
11.8
-.5
114.5
4.9
30.3
3.3
3.4
5.9
1.1
4.6
12.7
4.9
31.7
5.9
2.9
5.6
1.1
4.5
12.0
5.0
32.6
6.6
3.0
5.1
1.0
4.1
13.1
-1.3
-.9
-1.4
113.3
113.0
111.1
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the
line in the addendum.
See footnotes to table 3.10.
D-ll
National Data
SURVEY OF CURRENT BUSINESS
February 1998
4. Foreign Transactions.
Table 4.1.—foreign Transactions in the National Income and Product
Accounts
Table 4.2.—Real Exports and Imports of Goods and Services and
Receipts and Payments of Factor Income
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1996
1997
Receipts from the rest of
the world
870.9
617.5
421.2
196.3
253.3
Receipts of factor income
234.3
Capital grants received by the
United States (net)
Payments to the rest of
the world
0
IV
II
I
III
0
863.7
609.7
415.8
193.9
254.0
904.6
640.5
438.8
201.6
264.2
922.2
656.2
455.9
200.3
266.0
960.3
690.0
486.3
203.7
270.3
965.8
691.1
485.6
205.4
274.8
235.4
958.8
687.1
481.7
205.4
271.7
248.8
248.2
261.6
269.4
0
0
0
0
0
986.9
711.1
499.1
212.0
275.8
1,099.0 1,153.4 1,170.4 1,221.9 1,235.2
1,105.1
Imports of goods and services ...
Goods l
Durable
Nondurable
Services1
965.7 1,055.5
809.0 885.4
533.6 588.5
275.5 296.8
156.7 170.1
977.6
820.2
540.3
279.8
157.5
993.2 1,021.0 1,049.0 1,077.1 1,074.8
834.6 855.8 880.1 905.6 900.0
541.3 563.4 583.8 603.2 603.9
293.3 292.5 296.3 302.4 296.2
158.6 165.2 168.9 171.6 174.8
Payments of factor income
2326
242.3
245.6
262.5
282.3
290.1
35.4
15.9
11.9
47.4
16.7
22.9
35.2
17.0
10.5
36.5
17.6
10.8
36.9
18.2
10.0
Transfer payments (net)
From persons (net)
From government (net)
From business
Net foreign investment
39.8
15.9
16.3
7.6
-1329
39.4
17.9
13.2
8.3
7.7
7.8
7.7
8.1
8.7
48.9
18.5
21.7
8.7
-156.4 -132.9 -148.4 -146.0 -168.9
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment were reclassified from
goods to services.
Exports of goods and services
Goods »
Durable
Nondurable
Services *
1997
IV
1
II
III
922.7
686.2
517.0
176.0
238.9
962.5
725.8
555.8
179.2
240.8
IV
857.0 964.4
628.4 725.8
463.3 553.4
169.1 181.1
229.9 242.5
851.4
623.0
460.8
166.4
229.4
973.0
731.8
559.8
181.1
245.0
999.3
759.4
580.9
188.0
245.1
226.0 224.6 236.3 242.5
990.2 1,006.6 1,048.9 1,099.1 1,137.1
841.7 857.5 891.3 938.4 972.7
582.6 596.6 630.8 660.7 688.5
259.4 261.6 263.3 280.1 287.2
149.3 150.0 158.4 161.8 165.8
218.1 219.8 234.0 250.8 256.9
1,140.8
973.9
697.5
280.8
168.1
Receipts of factor income
214.2
Imports of goods and services
Goods!
Durable
Nondurable
Services l
971.5 1,106.5
823.1 944.1
569.9 669.4
253.5 277.8
149.0 163.5
Payments of factor income
0
1996
II
I
IV
1,099.0 1,153.4 1,170.4 1,221.9 1,235.2
1,105.1
Exports of goods and services ...
Goods *
Durable
Nondurable
Services1
1996
1997
1996
III
1997
210.2
901.1
666.2
494.0
177.0
236.8
214.8
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
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.
D-I2
SURVEY OF CURRENT BUSINESS
• National Data
February 1998
Table 4.3.—Exports and Imports of Goods and Services by Type of
Product
Table 4.4.—Real Exports and Imports of Goods and Services by Type of
Product
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1996
1996
1997
III
Exports of goods and
services
Exoorts of Goods '
Foods, feeds, and beverages
Industrial supplies and
materials
Durable goods
Nondurable goods
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals,
and parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Exports of services l
Transfers under U.S. military
agency sales contracts
Travel
Passenger fares
Other transportation
Royalties and license fees
Other orivate services
Other
1997
IV
I
II
1996
III
870.9
958.8
863.7
904.6
922.2
960.3
965.8
617.5
687.1
609.7
640.5
656.2
690.0
691.1
55.5
51.3
55.1
55.8
51.1
48.6
49.6
141.0
152.7
139.5
145.9
147.4
154.0
155.3
51.0
90.1
55.2
97.5
51.0
88.5
51.9
94.0
53.2
94.3
55.7
98.3
55.5
99.8
253.1
293.5
246.8
265.3
275.9
296.9
298.4
30.8
40.7
26.8
36.7
39.6
45.5
Imports of goods
Foods, feeds, and beverages
Industrial supplies and
materials, except petroleum
and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals,
and parts
Other
. .
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of services l
Direct defense expenditures ...
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
I
Other
Addenda:
Exports of agricultural goods 2
Exports of nonagricultural
goods
Imports of nonpetroleum
goods
986.9
711 1
,Q
,
°°-3
154.2
30.0
*'•'
302.9
49.5
*'^ u
43.7
49.6
43.5
43.3
46.3
50.1
52.6
178.6
203.2
176.5
185.2
190.0
201.3
209.5
65.0
74.6
66.2
67.0
70.9
73.4
73.1
81-0
70.1
35.8
34.3
32.7
16.3
16.3
77.7
39.8
37.9
37.2
18.6
18.6
69.4
35.5
33.9
32.7
16.3
16.3
72.9
37.8
35.1
33.5
16.8
16.8
75.3
38.1
37.2
35.6
17.8
17.8
78.9
41.2
37.7
38.2
19.1
19.1
77.0
39.8
37.2
37.7
18.8
18.8
79.6
4U.U
253.3
271.7
254.0
264.2
266.0
270.3
274.8
13.5
69.9
20.6
27.2
30.0
72.2
19.9
13.7
73.6
21.3
29.1
31.6
81.0
21.5
12.8
70.6
20.9
26.9
30.0
72.4
20.4
14.9
72.7
21.1
28.6
30.8
75.2
20.8
12.3
74.5
21.3
28.2
30.9
77.7
21.0
14.0
72.6
21.2
28.8
31.9
80.2
21.5
14.2
74.1
21.5
29.2
31.8
82.5
21.6
977.6
993.2 1,021.0 1,049.0 1,077.1
885.4
820.2
834.6
809.0
855.8
880.1
905.6
39-6
O/.O
.,0 7
™-'
275<8
143
73 2
21 2
30.0
31 8
835
21.8
10743
900.0
35.7
39.4
35.8
36.7
38.0
40.0
40.5
39.1
125.2
134.8
127.1
128.7
130.7
134.3
137.6
63.1
62.1
72.7
69.1
65.7
70.8
64.7
62.4
76.2
64.9
63.8
82.2
65.7
65.0
76.7
69.4
64.9
71.0
70.3
67.3
70.4
136.5
70.8
65.6
65.2
229.0
253.2
227.4
231.4
237.3
251.7
262.5
261.4
12.7
16.4
13.0
14.0
13.6
15.5
19.0
17.6
61.5
69.9
61.7
62.8
65.5
70.5
73.6
154.9
166.9
152.7
154.6
158.2
165.6
169.9
70.0
173.8
128.9
141.4
133.7
128.9
142.2
138.3
143.7
141.2
171.0
192.3
173.2
179.4
181.2
192.0
195.1
89.3
81.7
46.4
23.2
23.2
98.2
94.2
53.5
26.7
26.7
91.2
82.0
46.7
23.4
23.4
92.4
87.0
47.2
23.6
23.6
93.2
88.0
49.6
24.8
24.8
98.0
94.1
52.8
26.4
26.4
98.8
96.3
55.8
27.9
27.9
156.7
170.1
157.5
158.6
165.2
168.9
171.6
10.9
48.7
15.8
28.5
11.4
53.3
17.5
29.9
11.1
47.7
15.7
28.9
10.9
49.0
16.2
28.7
11.2
52.3
17.1
29.3
11.4
52.6
17.2
30.0
11.5
53.0
17.6
29.9
201 .0
102.6
98.4
55.7
27.9
27 9
174.8
A* c
CC'P
182
30 3
CM
407
69
7.3
38.9
6.6
8.5
42.7
6.9
8.6
38.9
6.7
7.1
40.0
6.8
7.6
40.9
6.8
8.4
42.4
6.8
8.8
43.9
6.9
<
61.5
58.5
60.4
61.8
57.3
56.4
58.1
62
556.0
628.6
549.3
578.7
598.9
633.5
632.9
2490
736.3
814.6
743.9
752.4
779.1
809.1
835.2
8349
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
2. Includes parts of foods, feeds, and beverages; of nondurable industrial supplies and materials; and of nondurable nonautomotive consumer goods.
Exports of goods and
services
Exports of goods '
Foods, feeds, and beverages
Industrial supplies and
materials
niirahlp nnnrk
NnnHnrahlp nnnrk
Capital goods, except
automotive
Cjvj|jan ajrcraf^ engines, and
parts
Computers, peripherals, and
oarts
p b
Oth e7
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
niirahlp nnnrk
NnnHnrahlo nnnHc
other
nurahlo nnnHc
uuraoie gooos
Nondurable goods
Exports of services!
Transfers under U.S. military
agency sales contracts
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Residual
Imports of goods and
services
n wiia wi
Imoorts of ywwuo '
aoods
" K
Foods, feeds, and beverages
Industrial supplies and
materials, except petroleum
and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except
automotive
Civilian aircraft, engines, and
parts
Computers, peripherals, and
parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of services l
Direct defense expenditures
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Residual
Addenda:
Exports of agricultural goods 2
Exports of nonagricultural
goods
Imports of nonpetroleum goods
1997
1996
III
41 A
965.7 1,055.5
1997
IV
36.3
Imports of goods and
l
Seasonally adjusted at annual rates
IV
I
II
III
IV
857.0
964.4
851.4
962.5
973.0
999.3
725.8
623.0
901.1
666.2
922.7
628.4
686.2
725.8
731.8
759.4
44.0
44.0
42.8
47.2
43.2
40.9
42.7
49.2
121.9
132.4
121.3
126.6
127.6
133.5
134.3
134.3
44.8
77.1
48.9
83.6
45.4
76.0
46.3
80.4
46.9
80.8
49.1
84.5
48.9
85.4
50.7
83.7
310.4
387.0
305.8
337.2
356.1
388.7
396.0
407.2
27.0
34.4
23.3
31.8
33.7
38.7
30.6
34.8
97.2
146.6
241.6
100.3
142.5
160.7
160.7
202.4
106.8
217.2
122.3
203.3
224.7
238.7
249.4
253.4
62.4
71.0
63.5
64.1
67.6
69.8
69.5
77.0
67.3
34.9
32.4
31.5
15.8
15.8
74.0
38.3
35.6
36.9
18.5
18.5
66.5
34.5
32.0
31.6
15.8
15.8
69.8
36.8
33.0
33.0
16.5
16.5
71.8
36.8
35.0
35.1
17.6
17.6
75.2
39.7
35.5
37.8
18.9
18.9
73.2
38.4
34.8
37.5
18.7
18.7
75.5
38.5
37.0
37.2
18.6
18.6
229.9
242.5
229.4
236.8
238.9
240.8
245.0
245.1
12.2
62.6
18.7
25.8
27.4
67.0
16.3
12.4
64.0
20.1
27.5
28.5
74.1
16.4
11.6
62.9
19.1
25.4
27.3
67.0
16.2
13.5
64.4
18.8
26.7
28.0
69.3
16.2
11.1
65.3
20.7
26.5
28.0
71.4
16.3
12.6
63.4
19.4
27.2
28.8
73.5
16.3
12.8
64.6
19.9
27.8
28.6
75.4
16.4
12.9
62.8
20.3
28.6
28.5
76.1
16.5
-27.7
-59.6
-29.9
-32.4
-42.8
-55.9
-70.3
-68.6
971.5 1,106.5
823.1 944.1
990.2 1,006.6 1,048.9 1,099.1 1,137.1 1,140.8
841.7
857.5
891.3
938.4
972.7
973.9
32.3
35.2
32.5
33.2
34.2
35.3
36.2
35.1
114.2
122.9
116.9
117.7
118.3
123.3
125.5
124.4
57.3
56.8
63.8
61.6
61.2
65.9
58.8
58.1
67.5
59.1
58.5
64.0
59.1
59.2
62.2
61.7
61.6
68.1
62.2
63.2
69.2
63.6
60.7
64.3
294.5
376.0
298.6
319.6
340.3
369.4
393.4
401.0
11.2
13.9
11.4
12.2
11.7
13.2
16.1
14.8
118.3
177.6
169.8
216.7
121.5
179.1
130.2
191.8
144.4
202.8
165.2
214.5
183.7
221.2
186.0
228.6
118.8
130.0
123.1
118.7
131.0
127.6
132.0
129.3
165.3
188.0
167.6
173.9
176.5
187.6
191.0
86.6
78.7
43.2
21.6
21.6
97.3
90.7
50.2
25.1
25.1
88.6
78.9
43.6
21.8
21.8
90.0
83.9
44.0
22.0
22.0
91.5
84.9
46.4
23.2
23.2
97.0
90.5
49.6
24.8
24.8
98.2
92.7
52.4
26.2
26.2
197.2
102.5
149.0
163.5
149.3
150.0
158.4
161.8
165.8
168.1
10.1
44.6
14.9
27.6
11.4
50.4
15.7
29.0
10.3
43.0
15.0
28.0
10.0
44.7
15.1
27.4
11.0
49.1
15.7
28.1
11.2
49.9
15.3
28.9
11.7
50.6
15.6
29.1
11.5
51.9
16.2
29.8
6.7
39.2
7.6
7.8
43.3
39.3
-22.2
6.3
-49.7
48.6
581.3
757.8
6.0
6.4
6.9
7.6
7.9
94.7
52.6
26.3
26.3
8.1
40.3
41.4
6.2
-29.1
6.3
6.3
6.3
6.3
-22.4
-37.0
-47.3
-55.9
-59.5
49.5
46.8
51.7
47.7
47.2
49.5
53.6
679.9
878.5
578.1
616.0
792.7
641.6
829.7
682.8
870.3
686.1
903.7
709.0
772.3
6.1
42.9
44.7
44.3
910.3
NOTE.—Chained (1992) dollar series ar B calculated as the product of the chain-type quantity index and the 1992
series, divided by 100. Because the formula for the chain-type quantity
jnripxp* uses wpinhte nf mnrp than nnp npriori flip rorrpsnonriinn rhainpri-rinllar ptfimate^ are usually nnt arlrtitiuo
The residual line following the detail for exports is the difference between the aggregate "exports of goods and
services" and the sum of the detailed lines for exports of goods and export of services. The residual line following
the detail for imports is the difference between the aggregate "imports of goods and services" and the detailed
lines for imports of goods and imports of services.
See footnotes to table 4.3.
National Data • D-13
SURVEY OF CURRENT BUSINESS
February 1998
5. Saving and Investment.
Table 5.1 .—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1996
1997
III
Gross saving
Gross private saving
Personal saving
Undistributed corporate profits with inventory valuation and capital consumption adjustments
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Corporate consumption of fixed capital
Noncorporate consumption of fixed capital
Wage accruals less disbursements
Gross government saving
Federal
Consumption of fixed capital
Current surplus or deficit (— ) national income and product accounts
State and local
Consumption of fixed capital
Current surplus or deficit (— ) national income and product accounts
Capital grants received by the United States (net)
Gross investment
Gross private domestic investment
. .
Gross government investment
Net foreign investment
Statistical discrepancy
Addendum:
Gross savina as a oercentaae of aross national product
2021
142.8
-2.5
61.8
452.3
230.5
1.1
142.3
-39.2
71.2
IV
II
I
III
IV
1,295.9 1,303.0 1,332.9 1,396.9 1,411.6
1,267.8
1,125.5
239.6
1997
1996
1,145.1 1,131.4 1,134.0 1,178.1 1,159.6
254.0 220.4 215.9 247.0 208.2
202.3 212.6 211.5 217.6 230.0
141.8 144.9 140.3 142.3 156.1
-2.7
3.3
3.5
5.9
3.6
4.9
225.6
231.1
6.5
69.7
63.2
64.4
67.7
69.4
70.3
71.3
475.7
241.3
1.2
455.5
232.2
1.1
462.0
235.2
1.1
171.6
467.4
238.0
1.2
472.6
239.7
1.2
478.0
242.4
1.2
484.8
245.1
1.2
198.9
218.8
251.9
-5.9
71.3
15.9
71.4
-555
34.7
71.5
-368
60.8
71.6
-108
182.9
184.1
191.1
78.2
1047
79.2
1049
111 4
150.8
-28.3
71.6
-1105
181.5
71.2
-995
179.1
76.2
1053
79.5
0
1,207.9
-77.1
177.5
76.5
1026
77.2
1004
0
0
0
0
0
1,216.4 1,243.5 1,268.6 1,323.4
1,116.5 1,237.6 1,149.2 1,151.1 1,193.6 1,242.0
224.3 226.9 223.6 225.3 223.3 227.4
-156.4 -132.9 -148.4 -146.0
-132.9
-59.9
-79.5 -59.5 -64.3 -73.5
16.6
169
167
16.8
17.4
79.7
71.9
80.8
0
0
1,308.4
1,250.2 1,264.5
227.1 229.7
-168.9
-103.2
174
Table 5.4.—Private Fixed Investment by Type
Table 5.5.—Real Private Fixed Investment by Type
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1996
1996
1997
III
Private fixed investment
Nonresidential
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration, shafts,
and wells ...
.. .
Other structures
Producers' durable
equipment
Information processing and
related equipment
Computers and
peripheral equipment!
Other
Industrial equipment
Transportation and related
equipment
Other . .
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable
equipment
I
II
III
781.4
845.4
798.6
807.2
811.3
836.3
872.0
862.3
215.2
230.2
217.7
227.0
227.4
226.8
232.9
233.7
159.8
175.3
162.5
171.2
174.0
172.1
177.5
177.6
33.3
33.0
32.7
34.1
32.0
33.7
33.2
33.1
16.1
16.2
16.5
16.0
16.1
15.6
16.2
16.8
6.2
5.8
6.0
5.8
5.3
5.5
5.9
6.4
566.2
615.2
580.9
580.2
583.9
609.5
639.1
628.5
195.1
211.7
201.1
200.3
202.8
208.4
219.5
216.0
78.7
85.1
80.9
81.0
81.8
84.5
88.1
86.0
116.3
127.5
126.6
134.4
120.3
128.2
119.3
127.9
121.0
127.7
123.9
134.9
131.3
137.5
130.0
137.3
134.5
109.1
150.0
119.2
140.0
111.5
140.1
111.9
137.7
115.7
147.1
119.1
159.9
122.2
155.3
120.0
309.2
327.5
313.5
312.0
316.2
324.6
329.3
340.1
301.7
159.1
319.6
163.9
305.9
162.2
304.4
160.6
308.3
161.0
316J
321.4
163.1
332.2
169.0
162.5
20.3
22.8
19.2
20.1
21.9
23.0
22.3
24.1
122.3
132.9
124.5
123.7
125.3
131.2
135.9
139,1
7.5
7.9
7.5
7.6
7.9
7.9
8.0
8.0
1996
1997
III
IV
1,090.7 1,173.0 1,112.0 1,119.2 1,127.5 1,160.8 1,201.3 1,202.4
1. Includes new computers and peripheral equipment only.
1996
1997
IV
Private fixed investment
Nonresidential
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration, shafts,
and wells
Other structures
Producers' durable
equipment
Information processing and
related equipment
Computers and
peripheral equipment ]
Other
Industrial equipment
Transportation and related
eauiDment
Other
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable
eauiDment
Residual
1,041.7 1,122.3
1997
IV
I
II
III
IV
1,060.9 1,068.7 1,079.0 1,111.4 1,149.3 1,149.6
789.3 800.8 808.9 837.0 874.5 866.5
190.0 196.9 195.9 193.5 196.7 195.3
771.7
846.7
188.7
195.4
140.0
148.9
141.7
148.4
150.1
147.1
150.1
148.4
29.3
28.0
28.7
29.5
27.5
28.7
28.0
27.8
13.9
13.4
14.1
13.8
13.6
13.0
13.4
13.6
5.5
4.9
5.4
5.1
4.6
4.7
5.1
5.4
586.0
657.4
602.9
606.7
616.6
649.3
685.3
678.5
253.1
305.2
264.3
270.4
281.4
296.9
320.5
322.1
160.8
116.3
117.0
224.7
126.9
122.8
170.0
120.3
117.6
182.4
119.3
116.9
195.8
121.5
116.8
216.1
124.4
123.5
240.5
131.5
125.6
246.6
130.4
125.1
125.0
100.8
138.3
109.2
129.5
102.8
129.7
102.5
127.5
106.1
136.0
109.1
146.8
112.1
143.0
109.7
272.1
279.7
274.1
271.1
273.3
278.2
280.1
287.1
265.0
136.6
272.2
136.9
266.9
138.3
263.9
136.2
265.9
136.2
270.8
136.5
272.6
135.7
279.5
139.1
18.6
20.1
17.5
18.0
19.6
20.4
19.6
20.9
110.2
115.7
111.5
110.0
110.5
114.4
117.9
120.1
7.2
7.2
7.4
7.5
7.6
7.6
7.1
7.5
-39.4
-75.0
-43.7 ^50.3 -68.2 -70.0
-84.6 -88.1
1. Includes new computers and peripheral equipment only.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
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.
SURVEY OF CURRENT BUSINESS
D-14 • National Data
February 1998
Table 5.10.—Change in Business Inventories by Industry
Table 5.11.—Real Change in Business Inventories by Industry
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1997
1996
1996
1996
1997
III
Change in business inventories ....
Farm
Nonfarrn
Change in book value
Inventory valuation adjustment
Manufacturing
Durable goods
Nondurable goods
25.9
2.9
64.6
6.8
IV
I
II
III
31.9
66.1
81.1
48.9
62.1
5.8
3.2
3.9
6.2
8.1
57.8
47.3
10.4
31.3
33.8
-2.4
28.7
32.6
-3.9
62.2
44.5
17.7
74.9
57.5
17.4
40.9
38.2
10.6
10.2
22.8
13.4
15.3
14.4
13.3
22.3
12.9
30.9
19.1
11.8
15.8
10.3
26.0
23.5
15.8
9.4
.9
Wholesale trade
Durable goods
Nondurable goods
3.3
2.5
.8
20.3
11.2
-7.7
Merchant wholesalers
Durable goods
Nondurable goods
Nonrnerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Motor vehicle dealers
Other
Nondurable goods
Other
Durable goods
Nondurable goods
2.4
1.9
.5
.9
.6
.3
16.4
-8.0
4.1
1.9
-1.6
3.5
2.3
5.0
2.3
2.6
4.7
9.1 -12.4
4.2
9.3
7.1 -12.1
3.9
.3
1.9
.6
2.0
-.3
5.3
4.3
.2
4.1
1.0
9.4
1.9
7.5
21.2
14.6
11.9
6.8
6.4
9.3
10.1
-5.5
15.6
24.3
15.4
11.7
-5.2
14.8
-1.6
-2.3
18.9
12.3
.8
1.1
-3.3
-5.3
2.7
6.6
2.0
4.4
2.5
-.5
2.9
4.3
.8
3.4
8.9
2.4
18.4
18.6
6.6
5.4
3.1
2.3
-.2
7.6
4.9
2.7
.6
1.4
8.3
2.4
-2.9
4.2
-.8
15.2
2.1
13.0
2.6
5.5
4.0
11.8
15.1
4.3
10.9
.7
-.3
1.0
6.4
5.9
3.0
1.7
-.6
2.3
1.3
9.8
1.8
8.0
6.3
2.6
3.7
-4.0
91
53 0
49.1
3$
22 4
11.3
11-1
15.0
1 .8
132
2.0
11.2
18
~2
2.0
9.4
11 8
84
3.5
~2-4
6.2
1 .0
NOTE.—Estimates for nonfarm industries other than manufacturing and trade for 1986 and earlier periods are
based on the 1972 Standard Industrial Classification (SIC). Manufacturing estimates for 1981 and earlier periods
and trade estimates for 1966 and and earlier periods are based on the 1972 SIC; later estimates for these industries
are based on the 1987 SIC. The resulting discontinuities are small.
1997
1996
1997
I
III
IV
37.1
23.0
28.2
-5.1
.4
Seasonally adjusted at annual rates
Change in business inventories ....
Farm
Nonfarm
Manufacturino
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable ooods
Nondurable goods
Nonrnerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Motor vehicle dealers
Other
Nondurable goods
other
Durable goods
Nondurable goods
Residual
25.0
2.6
...
8.2
IV
37.9
32.9
6.5
6.4
III
IV
63.7
77.6
47.5
59.9
5.3
7.5
9.5
10.5
54.1
31.6
26.5
58.3
70.1
38.3
49.7
9.9
9.7
.4
21.4
12.8
14.3
13.8
12.3
20.9
12.3
29.0
18.2
10.8
14.8
21.1
10.8
10.2
4.0
2.4
1.6
3.2
1.8
1.3
.8
.6
.3
19.1
10.8
22.5
.
62.2
II
4.0
1.7
8.6
8.3
15.5
9.0
6.5
3.7
1.8
1.8
3.3
2.3
5.0
3.9
.2
3.8
1.0
4.5
2.1
2.4
-.4
8.5
1.6
7.0
-.1
-1.4
.8
-5.0
4.5
-9.0
-5.2
3.9
-8.7
.3
.5
-.2
20.0
13.3
10.6
6.6
5.7
9.4
-5.2
13.9
10.9
-3.0
13.3
-1.5
-2.3
.6
.9
-3.0
-4.7
2.5
6.5
1.8
4.1
2.3
-.4
2.8
-.7
3.9
.7
3.2
.5
8.5
22.9
14.8
8.1
17.8
11.8
6.0
5.1
3.0
2.1
.6
1.2
-2.5
3.9
-.7
13.7
1.8
12.0
.2
24.6
22.7
2.3
17.5
17.9
-1
7.2
4.8
2.5
7.7
2.0
-3.7
5.9
5.8
8.9
1.5
7.5
-1.0
9.9
5.0
14.9
3.8
14.1
1.7
10.8
12.0
14.3
12.3
4.1
9.9
.6
-.3
.9
2.8
1.5
-.6
2.1
1.3
5.7
2.3
3.4
0
1.9
10.1
1.8
-.2
1.9
8.9
10.8
7.5
3.2
-2.3
5.7
.9
4.9
.5
NOTE.—Chained (1992) dollar series for real change in business inventories are calculated as the period-to-period
change in chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first
line and the sum of the most detailed lines.
See note to table 5.10.
D-15
National Data
SURVEY OF CURRENT BUSINESS
February 1998
Table 5.12.—Inventories and Domestic Final Sales of Business by
Industry
Table 5.13.—Real Inventories and Real Domestic Final Sales of Business
by Industry
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted quarterly totals
Seasonally adjusted quarterly totals
1996
1997
1996
III
IV
I
II
III
1,287.1 1,294.5 1,306.1 1,318.1 1,334.1 1,342.2
Inventories '
106.0 102.6 107.2 107.7 109.1 108.9
Farrn
Nonfarm
1,181.2 1,191.9 1,198.9 1,210.4 1,225.0 1,233.3
675.6 675.2 684.4 693.2 697.0 702.2
Durable goods
505.5 516.7 514.5 517.2 528.0 531.1
Nondurable goods .. . .
Manufacturing
436.3 440.3 443.3 448.0 453.5 458.3
271.4 273.7 277.0 280.7 283.2 286 2
Durable goods
164.9 166.6 166.3 167.3 170.3 1721
Nondurable goods
300.3 300.8 306.2 310.8 316.1 3180
Wholesale trade
186.6 184.9 188.7 194.4 195.0 1 94 8
Durable goods
113.6 116.0 117.5 116.4 121.2 1232
Nondurable goods
257.9 258.6 263.4 266.6 271.4 2732
Merchant wholesalers
161.9 160.7 163.9 168.4 169.0 1690
Durable goods
96.0 97.9 99.5 98.2 102.4 104.3
Nondurable goods
42.4 42.3 42.8 44.2 44.7 44 7
Nonrnerchant wholesalers
24.8 24.1 24.9 26.1 25.9 25.8
Durable goods
19.0
Nondurable goods
17.6 18.1 17.9 18.2 18.8
Retail trade
312.5 313.0 313.3 313.2 314.7 316.2
168.8 167.7 168.7 167.7 168.0 1703
Durable goods
85.5 83.9 83.6 80.9 80.7 82 3
Motor vehicle dealers
Other
.
83.3 83.9 85.1 86.7 87.3 88.0
143.6 145.3 144.6 145.6 146.7 1459
Nondurable goods
132.1 137.7 136.1 138.3 140.7 1408
Other
48.7 48.9 50.0 50.5 50.8 51 o
Durable goods
83.4 88.8 86.2 87.9 89.9 89 8
Nondurable goods
2
533.1 542.6 550.0 556.2 565.2 572.8
Final sales of domestic business
Final sales of goods and structures of
285.9 289.9 294.1 296.1 301.1 304.1
domestic business2
Ratio of inventories to final sales of domestic
business
2.41 2.39 2.37 2.37 2.36 2.34
Inventories to final sales
2.22 2.20 2.18 2.18 2.17 2.15
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
4.13 4.11 4.08 4.09 4.07 4.06
structures
1. Inventories are as of the end of the Quarter. The ouarter-to-auarter chanae in inventories calculated f ram current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of GDP.
The former is the difference between two inventory stocks, each valued at their 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, CBI is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equajs final sales of domestic product less
gross product of households and institutions and of general government and includes a small amount of final sales
by farm.
III
IV
L
Inventories
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
.
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonrnerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Motor vehicle dealers
Other
Nondurable goods
Other
.
Durable goods
Nondurable goods
Residual
Final sales of domestic business2
Final sales of goods and structures of
domestic business2
Ratio of inventories to final sales of domestic
business
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
1,200.7
100.9
1,099.3
634.3
464.9
406.6
259.3
147.5
280.1
179.2
101.1
240.1
155.1
85.3
39.9
24.2
15.8
292.4
153.2
75.7
77.5
138.9
120:1
42.3
77.7
.5
484.7
1997
IV
I
II
III
IV
1,208.9 1,224.8 1,244.2 1,256.1 1,271.1
102.5 103.8 105.7 108.0 110.7
1,105.9 1,120.5 1,138.0 1,147.6 1,160.0
634.0 641.5 652.5 656.8 662.9
471.7 478.8 485.4 490.6 496.9
409.7 414.9 422.1 425.8 431.1
260.9 264.0 268.6 271.0 273.7
148.9 151.1 153.8 155.0 157.5
282.4 288.1 294.3 298.0 301.6
177.9 181.6 187.3 188.3 188.7
104.6 106.6 107.2 109.9 112.9
242.8 247.3 251.7 255.2 258.3
154.3 157.3 161.8 162.8 163.3
88.6
90.1
90.1
92.6
95.1
39.5
40.8
42.6
42.8
43.2
23.6
24.3
25.5
25.5
25.4
16.0
16.5
17.1
17.3
17.8
292.7 292.8 294.7 295.4 297.6
152.4 152.7 153.2 153.6 156.3
74.5
73.9
73.0
72.8
74.7
78.0
79.0
80.4
81.0
81.8
140.0 139.8 141.2 141.5 141.0
121.1 124.5 126.7 128.2 129.6
42.5
42.9
43.3
43.9
44.1
78.4
81.4
83.3
84.2
85.4
.7
.7
.4
.5
.6
491.1 495.1 498.5 505.0 510.3
268.2
271.8
274.5
275.6
280.0
282.5
2.48
2.27
2.46
2.25
2.47
2.26
2.50
2.28
2.49
2.27
2.49
2.27
4.10
4.07
4.08
4.13
4.10
4.11
1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas, the change in the business 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 product of households and institutions and of general government and includes a small amount of final sales
By farm.
NOTE.—Chained (1992) dollar inventory series are calculated as the product of the chain-type quantity index and
the average of the end-of-year fixed-weighted inventories for 1991 and 1992, divided by 100. Chained (1992) dollar
final sales series are calculated as the product of the chain-type index and the 1992 current-dollar value of the
corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more
than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines for inventories.
SURVEY OF CURRENT BUSINESS
D-16 • National Data
February 1998
6. Income and Employment by Industry.
Table 6.16C.—Corporate Profits by Industry
Table 6.1C.—National Income Without Capital Consumption Adjustment
by Industry
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1996
1996
1997
III
National income without
capital consumption
adjustment
Domestic industries
Private industries
Agriculture, forestry, and
fishing
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public
utilities
Transportation
Communications
Electric, gas, and
sanitary services
Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services
Government
Rest of the world
IV
I
II
III
6,274.7 6,337.3 6,485.1 6,578.0 6,678.2
5,362.6
5,415.0 5,472.0 5,608.9 5,696.1 5,788.8
6,267.7 6,340.4 6,470.8 6,557.3 6,657.5
109.0
109.6
110.8
115.5
114.1
469
46.9
45.0
48.2
49.2
48.0
285.2
286.9
291.4
298.2
302.2
307.4
1 1101
6345
475.6
1,120.8 1,122.1 1,134.6 1,160.5 1,187.8
642.7 639.4 651.0 669.7 691.2
478.1 482.8 483.6 490.8 496.6
4567
191 0
459.3
457.3
1946
1923
1996
1350
137.0
133.1
135.5
467.1
471.5
2030
135.2
477.2
207.6
139.0
1308
1277
131 9
1320
1333
130.6
3491
3506
506.8
3648
512.3
3724
527.7
3793
533.0
388.7
542.6
5037
1,095.3
1,410.1
855.3
1.7
1,111.5 1,116.5 1,168.9 1,185.0 1,199.2
1,423.2 1,452.9 1,481.1 1,500.1 1,523.7
859.7
-7.0
865.2
3.1
876.2
-14.3
881.9
-20.7
1997
1996
III
6,219.6
6,217.9
105.6
1996
1997
889.4
-20.7
IV
Corporate profits with inventory
valuation and capital
consumption adjustments
Domestic industries
Financial
Nonfinancial
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world
Corporate profits with inventory
valuation adjustment
Domestic industries
Financial
Federal Reserve banks
Other
.
. . .
Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products
Industrial machinery and
equipment
Electronic and other electric
equipment
Motor vehicles and equipment
Other
Nondurable goods
Food and kindred products
Chemicals and allied products
Petroleum and coal products ....
Other
Transportation and public utilities
Transportation
Communications
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Other
Rest of the world
1997
IV
I
II
IV
III
735.9
739.6 747.8 779.6 795.1 827.3
640.0
647.8 640.3 682.2 694.4 727.5
942
545.8
94.6
785 1068
1077 1093
553.3 561.7 575.4 586.7 618.2
95.9
91.8
107.5
97.4
100.8
99.9
1327
36.7
133.4 142.6
674.1
676.4 683.4 711.9 725.7 757.1
578.2
584.6 575.8 614.5 624.9 657.2
104.0
88.1
116.5 117.5 119.4
1035
220
81 5
474.7
2055
990
5.6
41.6
22.0
82.0
35.0
22.3
65.8
139.9 148.3
42.5
22.8
93.7
47.5
23.2
94.3
150.5
50.6
23.7
95.7
4807 487.8 498.0 507.4 5378
210.5 209.7 208.2 221.0 240.4
102.9 99.7 101.3 111.8 128.1
70
5.1
3.9
56
76
17.1
18.0
18.1
17.4
18.4
20.8
25.8
25.6
24.6
24.0
27.8
32.5
23.9
-3.2
25.2
-1.5
28.6
29.6
-8.3
30.6
31.4
-1.3
25.9
33.3
-3.5
30.2
30.0
?98
1065
28.5
31.2
10.0
368
91.7
11.7
36.0
44.0
383
48.9
36.7
.4
107.7 109.9 106.9 109.2 112.3
28.8
31.5
10.0
37.3
91.2
13.0
37.6
40.6
37.7
50.6
90S
906
95.9
91.8
34.2
28.9
11.9
34.9
90.5
11.4
34.8
44.3
47.4
48.3
919
107.5
94?
28.2
29.9
10.3
40.8
89.6
16.4
30.8
42.4
49.5
54.9
92.4
29.1
30.0
12.4
40.9
90.0
16.9
33.4
39.8
54.1
57.9
95.3
97.4
100.8
99.9
28.0
28.8
12.4
37.7
91.5
14.9
33.8
42.8
49.0
55.1
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification.
National Data • D-17
SURVEY OF CURRENT BUSINESS
February 1998
7. Quantity and Price IndexesTable 7.1.—Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1992=100]
Seasonally adjusted
1996
Seasonally adjusted
1996
1997
1996
1997
III
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
Personal consumption
expenditures:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Durable goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Nondurable goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Services:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Gross private domestic
investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Fixed investment:
Current dollars . . . .
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Nonresidential:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
Structures:
Current dollars
Chain-type quantity
index
Chain-type price index
Implicit price deflator
Producers' durable
equipment:
Current dollars
Chain-type quantity
index
Chain-type price index
Implicit price deflator
Residential:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
IV
I
II
III
IV
1996
III
Exports of goods and
services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1997
IV
I
II
III
IV
122.29
110.95
110.22
110.21
129.45
115.17
112.46
112.40
122.93
111.20
110.59
110.54
124.80
112.38
111.10
111.05
127.05
113.73
111.78
111.71
128.66
114.66
112.27
112.22
130.10
115.53
112.67
112.62
131.98
116.75
113.10
113.05
123.41
111.71
110.47
110.47
130.07
115.40
112.72
112.71
123.88
111.81
110.80
110.79
125.79
112.72
111.61
111.60
128.10
114.18
112.21
112.20
128.73
114.45
112.49
112.48
130.99
116.03
112.91
112.89
132.46
116.95
113.27
113.26
129.88
125.09
103.83
103.83
134.99
132.19
102.16
102.11
129.87
125.25
103.72
103.69
130.64
126.32
103.45
103.41
134.77
130.55
103.27
103.24
131.92
128.75
102.50
102.46
136.60
134.31
101.74
101.71
136.65
135.16
101.14
101.10
116.11
108.36
107.15
107.15
120.49
110.40
109.15
109.14
116.38
108.48
107.29
107.28
118.03
109.03
108.26
108.25
120.09
110.29
108.90
108.89
119.45
109.70
108.89
108.88
121.10
110.87
109.24
109.23
121.34
110.76
109.56
109.55
Imports of goods and services:
Current dollars
.. . .
Chain-type quantity index
Chain-type price index
Implicit price deflator
144.36 157.78 146.14 148.47 152.63 156.81 161.02 160.67
145.22 165.40 148.03 150.48 156.80 164.30 169.98 170.53
99.41 95.52 98.76 98.75 97.42 95.52 94.81 94.30
99.40 95.39 98.73 98.66 97.34 95.44 94.73 94.22
126.10
110.86
113.76
113.76
134.32
114.77
117.04
117.04
126.78
110.93
114.29
114.28
129.07
111.99
115.26
115.25
131.15
113.05
116.02
116.01
133.17
114.13
116.70
116.69
135.27
115.22
117.42
117.41
137.70
116.67
118.04
118.03
Imports of goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
148.49 162.50 150.53 153.18 157.07 161.53 166.21 165.18
151.06 173.27 154.49 157.37 163.58 172.24 178.53 178.74
98.30 93.91 97.47 97.42 96.11 93.87 93.18 92.50
98.29 93.78 97.44 97.34 96.02 93.78 93.10 92.42
141.26
135.26
104.50
104.43
156.57
150.83
104.14
103.80
145.38
139.21
104.63
104.44
145.63
139.77
104.50
104.19
151.01
145.39
104.23
103.86
157.12
151.45
104.07
103.75
158.17
152.40
104.11
103.78
159.98
154.08
104.16
103.83
139.22
132.97
104.70
104.70
149.73
143.26
104.54
104.51
141.94
135.42
104.85
104.82
142.86
136.41
104.75
104.73
143.91
137.73
104.52
104.49
148.17
141.86
104.47
104.45
153.34
146.70
104.55
104.52
153.48
146.74
104.62
104.59
140.07 151.55 143.15 144.69 145.43 149.90 156.30 154.56
138.33 151.78 141.48 143.54 145.00 150.03 156.75 155.33
101.26 99.88 101.21 100.82 100.31 99.93 99.73 99.53
101.26 99.85 101.18 100.80 100.29 99.91 99.71 99.51
127.22 136.07 128.66 134.16 134.40 134.05 137.65 138.16
111.51 115.47 112.32 116.40 115.79 114.39 116.26 115.45
114.09 117.87 114.58 115.30 116.11 117.23 118.44 119.71
114.09 117.83 114.55 115.26 116.07 117.19 118.40 119.67
145.67 158.29 149.45 149.27 150.23 156.80 164.42 161.70
150.77 169.14 155.10 156.09 158.63 167.05 176.32 174.57
96.62 93.63 96.38 95.65 94.72 93.88 93.27 92.64
96.62 93.58 96. oo 95.63 94.70 93.86 93.25 92.63
137.10
120.64
113.64
113.64
145.22
124.00
117.09
117.11
138.97
121.51
114.37
114.36
138.33
120.18
115.10
115.10
140.16
121.17
115.68
115.68
143.90
123.36
116.65
116.65
146.01
124.19
117.57
117.56
150.80
127.29
118.47
118.46
NOTE.—Chain-type quantity and price indexes are calculated from weighted averages of the detailed output and
prices used to prepare each aggregate and component. Implicit price deflators are weighted averages of the detailed
price indexes used to prepare each aggregate and component and are calculated as the ratio of current- to chained-
1997
Exports of goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Exports of services:
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Imports of services:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Government consumption
expenditures and gross
investment:
Current dollars . . . .
Chain-type quantity index
Chain-type price index
Implicit price deflator
Federal:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
National defense:
Current dollars . .
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
State and local:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator .
136.19
134.03
101.61
101.61
149.95
150.82
99.39
99.42
135.07
133.15
101.47
101.44
141.48 144.22 150.18 151.05 154.34
140.92 144.30 150.53 152.17 156.29
100.35 99.90 99.72 99.2
98.71
100.39 99.95 99.77 99.26 98.76
137.63 153.14 135.89 142.75 146.26 153.78 154.02 158.49
140.05 161.77 138.85 148.48 152.94 161.76 163.1
169.26
98.27 94.61 97.89 96.06 95.55 94.99 94.35 93.56
98.27 94.67 97.86 96.14 95.63 95.07 94.43 93.64
•100 Q-f
142.44 133.14 138.49
120.51 127.12 120.28 124.14
110.21 112.04 110.70 111.55
110.21 112.05 110.70 111.56
139.43
125.27
111.29
111.30
141.70
126.25
112.23
112.24
144.05
128.46
112.12
112.14
144.60
128.51
112.50
112.51
126.23
120.06
105.13
105.13
137.08
131.77
104.05
104.03
133.13
127.64
104.31
104.30
136.09
130.41
104.37
104.36
138.23
133.58
103.49
103.48
140.87
135.44
104.02
104.01
111.31
99.54
111.83
111.83
115.05 111.84 112.54 113.40
100.54 99.83 99.85 99.74
114.47 112.07 112.76 113.74
114.42 112.04 112.71 113.69
114.66
100.50
114.14
114.09
115.37
100.77
114.54
114.49
116.76
101.17
115.47
115.41
126.89
120.29
105.50
105.49
127.76
120.90
105.69
105.68
98.49 99.39 98.79 98.03 97.75 99.64 99.56 100.60
87.92 86.71 88.21 87.04 85.76 87.14 86.89 87.04
112.03 114.74 112.05 112.74 114.10 114.46 114.71 115.71
112.02 114.62 111.99 112.62 113.98 114.34 114.58 115.58
93.87 93.35 94.41 93.29 91.37 93.29 93.70 95.03
84.56 82.24 85.00 83.44 80.86 82.33 82.58 83.18
111.02 113.66 111.16 111.94 113.14 113.46 113.62 114.41
111.02 113.51 111.07 111.80 112.99 113.31 113.47 114.26
109.90 114.30 109.58 109.72 113.52 115.31 114.04 114.33
96.01 97.46 95.93 95.69 97.54 98.71 97.27 96.33
114.47 117.35 114.25 114.72 116.44 116.87 117.30 118.76
114.47 117.28 114.23 114.66 116.39 116.82 117.24 118.69
120.51
107.88
111.71
111.71
126.28
110.48
114.32
114.31
121.22
108.17
112.07
112.07
122.96
109.04
112.77
112.76
124.63
109.78
113.54
113.52
125.44 126.70 128.36
110.10 10.73 111.31
113.95 114.44 115.33
113.94 14.43 115.32
dollar output multiplied by 100.
Percent change from preceding period for items in this table are shown in table 8.1. (Contributions to the percent
change in real gross domestic product are shown in table 8.2.)
D-18 • National Data
SURVEY OF CURRENT BUSINESS
February 1998
Table 7.2.—Quantity and Price Indexes for Gross Domestic Product,
Final Sales, and Purchases
Table 7.4.—Chain-Type Quantity and Price Indexes for Personal
Consumption Expenditures by Major Type of Product
[Index numbers, 1992=100]
[Index numbers, 1992=100]
Seasonally adjusted
Seasonally adjusted
1996
1997
1997
1996
1996
III
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Final sales of domestic
product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Gross domestic purchases:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Final sales to domestic
purchasers:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Addenda:
Chain-type price indexes for
gross domestic purchases:
Food
Energy
Gross domestic purchases
less food and energy
IV
I
II
III
122.29
110.95
110.22
110.21
129.45
115.17
112.46
112.40
122.93
111.20
110.59
110.54
124.80
112.38
111.10
111.05
127.05
113.73
111.78
111.71
128.66
114.66
112.27
112.22
130.10
115.53
112.67
112.62
131.98
116.75
113.10
113.05
122.01
110.64
110.28
110.28
128.56
114.22
112.56
112.56
122.47
110.70
110.65
110.63
124.43
111.93
111.17
111.16
126.13
112.77
111.85
111.85
127.51
113.47
112.37
112.37
129.47
114.80
112.78
112.78
131.13
115.83
113.22
113.22
123.22
112.17
109.86
109.85
130.38
116.73
111.77
111.70
124.16
112.77
110.15
110.10
125.62
113.46
110.79
110.72
128.03
115.09
111.32
111.24
129.47
116.14
111.55
111.48
131.27
117.38
111.90
111.83
132.76
118.29
112.31
112.24
122.95
111.86
109.91
109.91
129.50
115.78
111.87
111.85
123.71
112.28
110.20
110.18
125.25
113.02
110.85
110.83
127.11
114.14
111.39
111.37
128.32
114.96
111.65
111.62
130.63
116.66
112.00
111.98
131.92
117.37
112.42
112.40
109.42 112.21 109.98 111.02 111.35 111.79 112.67 113.02
107.01 107.44 106.72 109.23 110.89 105.91 106.16 106.79
110.06 111.94 110.34 110.86 111.36 111.81 112.10 112.51
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.3.—Quantity and Price Indexes for Gross National Product and
Command-Basis Gross National Product
[Index numbers, 1992=100]
Gross national product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Less: Exports of goods and
services and receipts of
factor income:
Chain-type quantity index
Plus: Command-basis exports
of goods and services and
receipts of factor income:
Chain-type quantity index
Equals: Command-basis gross
national product:
Chain-tvoe auantitv index
12210
110.81
110.19
11018
12260
110.95
110.55
11050
12463
112.27
111.06
111 01
12660
113.37
111.73
111 67
128.10
114.21
112.22
11217
12954
115.08
112.62
11257
137.88
137.24 145.06 147.60 154.24 156.43
14035
14023 14707 150.74 159.72 162.32
111.12
111.32 11? 5? 113.76 11489 115.81
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1996
1997
IV
III
Chain-type quantity indexes
Personal consumption
expenditures
Durable goods
Motor vehicles and parts
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
Chain-type price indexes
Personal consumption
expenditures
Durable goods
Motor vehicles and parts
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
Addenda:
Price indexes for personal
consumption expenditures:
Food l
Energy
Personal consumption
expenditures less food
and en era v
111.71 115.40
125.09 132.19
111.82 112.53
142.35 156.67
122.72 131.97
108.36 110.40
104.51
118.70
107.02
97.19
110.16
104.54
123.36
108.76
91.78
115.15
110.86 114.77
108.25
116.65
110.55
121.17
123.11
106.42
112.64
110.36
118.94
109.71
125.73
128.24
110.07
118.69
110.47 112.72
103.83 102.16
112.95 112.94
93.71 90.29
106.48 105.83
107.15 109.15
109.63
98.75
107.44
108.92
108.22
112.54
99.76
107.50
108.72
109.84
113.76 117.04
112.43
109.08
106.35
111.01
112.22
117.43
113.69
115.78
111.32
108.77
113.14
116.56
120.13
117.55
1997
IV
I
II
III
IV
111.81 112.72 114.18 114.45 116.03 116.95
125.25 126.32 130.55 128.75 134.31 135.16
111.06 110.19 112.83 107.82 115.39 114.08
143.80
122.66
108.48
104.14
120.09
107.01
96.86
110.55
110.93
108.48
115.15
107.74
120.61
123.64
106.67
112.84
146.18 151.75 154.35 159.01
125.98 131.48 129.70 131.81
109.03 110.29 109.70 110.87
104.39 105.25 104.28 104.48
119.73 122.88 121.39 124.74
107.69 107.56 108.95 109.05
94.75 86.25 92.53 95.48
112.37 114.07 113.98 116.06
111.99 113.05 114.13 115.22
108.97 109.52 110.09 110.64
117.51 116.02 118.51 119.14
110.47 106.82 110.55 108.60
122.71 122.79 124.38 126.86
124.64 126.10 127.14 129.02
107.81 108.93 109.61 110.45
113.91 116.15 117.59 119.36
161.56
134.87
110.76
104.14
124.44
109.46
92.85
116.50
116.67
111.19
122.10
112.86
128.90
130.71
111.29
121.64
110.80 111.61 112.21 112.49 112.91 113.27
103.72 103.45 103.27 102.50 101.74 101.14
113.15 113.55 113.84 113.26 112.55 112.11
93.38
106.26
107.29
110.20
98.08
106.47
105.69
108.57
92.50
106.14
108.26
111.27
98.56
109.83
116.17
108.67
114.29
112.85
109.63
106.92
111.55
112.43
117.72
114.63
115.26
113.60
110.32
107.73
112.16
114.15
118.62
115.76
91.84
106.22
108.90
111.65
99.29
112.13
116.49
109.21
116.02
114.42
111.37
109.66
112.63
114.88
119.41
116.33
90.84
105.64
108.89
112.09
100.37
104.77
108.78
110.08
116.70
115.34
111.05
107.98
113.21
116.14
119.88
117.20
89.67
105.85
109.24
113.02
99.68
106.31
104.55
109.87
117.42
116.25
111.17
108.16
113.28
116.98
120.38
118.12
88.80
105.60
109.56
113.41
99.69
106.80
105.08
110.22
118.04
117.11
111.69
109.28
113.42
118.25
120.87
118.55
109.63 112.54
106.96 108.15
110.20 111.27 111.65 112.09 113.02 113.41
106.63 109.07 111.11 106.47 107.11 107.91
110.88 113.07
111.21 111.87 112.41 112.97 113.28 113.62
1. Consists of prices for gasoline and oil, fuel oil and coal, and electricity and gas.
Table 7.6.—Chain-Type Quantity and Price Indexes for Private Fixed
Investment by Type
[Index numbers, 1992=100]
D-19
National Data
SURVEY OF CURRENT BUSINESS
February 1998
Table 7.9.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services and for Receipts and Payments of Factor Income
[Index numbers, 1992=100]
Seasonally adjusted
1996
1996
1997
III
Chain-type quantity indexes
Private fixed
investment
Nonresidential
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration, shafts,
and wells
Other structures
Producers' durable
equipment
Information processing and
related equipment
Computers and
peripheral equipment ]
Other
Industrial equipment
Transportation and related
equipment
Other
Residential . . .
Structures
Single family
Multifamily
Other structures
Producers' durable
equipment ..
Chain-type price indexes
Private fixed
investment
Nonresidential
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration, shafts,
and wells
Other structures
Producers' durable
equipment
Information processing and
related equipment
Computers and
peripheral equipment J
Other
Industrial equipment
Transportation and related
equipment
Other
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable
equipment
IV
I
II
III
1996
IV
1996
1997
1997
III
132.97 143.26 135.42 136.41 137.73 141.86 146.70 146.74
138.33 151.78 141.48 143.54 145.00 150.03 156.75 155.33
111.51 115.47 112.32 116.40 115.79 114.39 116.26 115.45
123.67 131.58 125.22 131.15 132.58 129.98 132.61 131.15
83.23 85.66 79.80 83.07 81.32 80.59
84.83 81.20
104.18 100.71 106.20 103.54 102.45
66.68 60.21 65.30 61.90 55.98
97.40 100.62 102.36
57.50 61.86 65.48
150.77 169.14 155.10 156.09 158.63 167.05 176.32 174.57
188.61 227.49 196.97 201.54 209.70 221.31 238.88 240.06
365.81 511.40 386.78 414.95 445.54 491.73 547.14 561.19
128.90 140.70 133.29 132.21 134.66 137.85 145.77 144.51
131.01 137.44 131.64 130.91 130.81 138.25 140.67 140.04
145.10 160.50 150.25 150.54 147.92 157.79 170.32 165.95
127.58 138.23 130.11 129.66 134.23 138.07 141.85 138.78
120.64 124.00 121.51 120.18 121.17 123.36 124.19 127,29
120.71
117.22
142.27
122.54
123.99
117.48
153.82
128.71
121.59
118.73
133.41
123.96
120.21
116.95
137.49
122.33
121.13
116.95
149.84
122.86
123.35
117.14
156.03
127.25
124.17
116.45
149.56
131.15
127.33
119.40
159.83
133.57
118.12 124.53 118.83 119.28 122.83 123.91 125.40 125.97
Chain-type quantity indexes
Exports of goods and services
Goods L .
Durable
Nondurable
Services1
Receipts of factor income
Imports of goods and services
Goods1
Durable
Nondurable
Services!
Payments of factor income
Chain-type price indexes
Exports of goods and services
Goods1
Durable
Nondurable
Services1
Receipts of factor income
Imports of goods and services
Goods l
Durable
Nondurable
Services l
Payments of factor income
134.03
140.05
153.97
114.40
120.51
150.82
161.77
183.92
122.53
127.12
165.78
I
II
III
IV
133.15
138.85
153.17
112.57
120.28
140.92
148.48
164.19
119.77
124.14
144.30
152.94
171.81
119.12
125.27
150.53
161.76
184.74
121.23
126.25
152.17
163.11
186.07
122.57
128.46
156.29
169.26
193.07
127.21
128.51
155.79 163.87 162.90 171.33 175.83
155.36
145.22
151.06
164.50
127.78
120.06
IV
165.40
173.27
193.22
140.03
131.77
148.03
154.49
168.17
130.74
120.29
150.48
157.37
172.22
131.83
120.90
156.80
163.58
182.08
132.70
127.64
164.30
172.24
190.72
141.15
130.41
169.98
178.53
198.74
144.77
133.58
170.53
178.74
201.35
141.53
135.44
171.97 173.34 184.53 197.73 202.54
101.61 99.39 101.47 100.35 99.90 99.72 99.21 98.71
98.27 94.61 97.89 96.06 95.55 94.99 94.35 93.56
90.93 87.03 90.21 88.77 88.13 87.43 86.69 85.87
116.09 113.27 116.61 113.78 113.67 113.55 113.28 112.60
110.21 112.04 110.70 111.55 111.29 112.23 112.12 112.50
109.36
109.56 110.08 110.49 110.73 111.10
99.41 95.52 98.76 98.75 97.42 95.52 94.81 94.30
98.30 93.91 97.47 97.42 96.11 93.87 93.18 92.50
93.63 87.97 92.74 90.73 89.31 88.36 87.61 86.58
108.65 107.09 107.94 112.34 111.27 105.99 105.47 105.65
105.13 104.05 105.50 105.69 104.31 104.37 103.49 104.02
110.63
111.14 111.81 112.24 112.65 113.00
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.
104.70 104.54 104.85 104.75 104.52 104.47 104.55 104.62
101.26
99.88 101.21 100.82 100.31
99.93
99.73
99.53
114.09 117.87 114.58 115.30 116.11 117.23 118.44 119.71
114.14 117.76 114.72 115.38 116.02 117.03 118.33 119.68
113.70 117.76 113.75 115.29 116.17 117.45 118.42 118.98
115.89 120.81 116.56 116.21 118.47 120.25 121.28 123.24
112.33 116.61 112.46 113.43 114.82 116.51 116.93 118.18
96.62
93.63
96.38
95.65
94.72
93.88
93.27
92.64
77.09
69.43
76.06
74.05
72.06
70.16
68.46
67.03
48.98 37.83 47.21 44.10 41.47 38.81 36.41 34.63
100.04 99.73 100.02 100.07 99.65 99.67 99.89 99.71
108.96 109.45 109.06 109.41 109.34 109.23 109.47 109.75
107.56 108.48 108.18 108.03 108.09 108.22 108.97 108.65
108.24 109.15 108.46 109.20 109.05 109.16 108.99 109.39
113.64 117.09 114.37 115.10 115.68 116.65 117.57 118.47
113.88
116.50
109.10
111.02
117.41
119.73
113.37
114.82
114.62
117.27
110.17
111.68
115.36
117.84
111.69
112.50
115.94
118.15
111.87
113.47
116.96
119.05
112.73
114.66
117.91
120.26
113.87
115.29
118.85
121.46
115.01
115.87
104.84 105.23 104.94 105.59 106.27 105.27 104.89 104.50
1. Includes new computers and peripheral equipment only.
Seasonally adjusted
1997
SURVEY OF CURRENT BUSINESS
D-20 • National Data
February 1998
Table 7.10.-Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Major Type of Product
[Index numbers, 1992=100]
I
Seasonally adjusted
1996
1996
1997
III
Chain-type quantity indexes
Exports of goods and
services
Exports of goods l
Foods, feeds, and beverages
Industrial supplies and
materials
Durable goods
Nondurable goods
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals, and
parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Exports of services *
Transfers under U.S. military
agency sales contracts
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Imports of goods and
services
Imports of goods *
Foods, feeds, and beverages
Industrial supplies and
materials, except petroleum
and products
Durable goods
Nondurable goods
Petroleum and products . .
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
. .
Computers, peripherals, and
parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of services l
Direct defense expenditures ...
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural
goods 2
IV
I
II
III
134.03 150.82 133.15 140.92 144.30 150.53 152.17 156.29
109.04 109.04 106.22 117.01 107.05 101.39 105.81 121.91
116.02 126.06 115.44 120.53 121.51 127.10 127.82 127.82
121.61 132.78 123.20 125.69 127.44 133.28 132.87 137.53
113.07 122.53 111.36 117.81 118.39 123.86 125.15 122.74
176.29 219.78 173.67 191.52 202.24 220.74 224.90 231.25
91.26
61.81
84.26
89.29 102.57
81.03
92.14
337.98 509.60 348.56 371.25 425.35 495.59 558.72 558.74
185.57 220.43 184.71 198.17 205.08 217.82 227.57 231.26
132.62 150.98 135.07 136.33 143.80 148.52 147.80 163.82
130.81
131.21
130.37
109.60
109.60
109.60
143.80
144.34
143.21
128.30
128.30
128.29
129.26
129.81
128.68
109.92
109.92
109.92
135.65
138.38
132.80
114.59
114.60
114.59
139.66
138.59
140.75
122.19
122.20
122.19
146.32
149.53
142.95
131.33
131.33
131.33
142.33
144.41
140.13
130.36
130.36
130.35
146.90
144.83
149.03
129.30
129.30
129.30
120.51 127.12 120.28 124.14 125.27 126.25 128.46 128.51
111.75
114.43
112.61
108.78
136.87
134.38
109.14
113.44
116.94
120.68
116.18
142.15
148.61
109.74
106.13
114.82
114.88
107.32
136.63
134.48
108.48
124.35
117.69
113.35
112.55
139.76
139.03
108.73
101.68
119.26
124.53
111.72
139.78
143.25
109.21
115.54
115.75
116.59
114.98
143.74
147.40
109.45
117.72
117.95
119.52
117.26
142.94
151.24
109.87
118.81
114.81
122.07
120.76
142.16
152.55
110.41
145.22 165.40 148.03 150.48 156.80 164.30 169.98 170.53
151.06 173.27 154.49 157.37 163.58 172.24 178.53 178.74
116.82 127.53 117.84 120.16 123.78 127.97 131.19 127.20
138.73
146.42
131.63
123.72
149.27
157.40
141.74
127.85
142.02
150.17
134.50
130.93
142.95
150.97
135.54
123.98
143.73
150.80
137.18
120.50
149.80
157.53
142.64
132.12
152.42
158.96
146.42
134.16
151.12
162.31
140.71
124.61
219.36 280.10 222.42 238.05 253.47 275.14 293.05 298.72
88.71 110.73
90.58
96.77
92.67 105.06 127.72 117.46
373.29 535.92 383.34 410.89 455.71 521.20 579.68 587.08
197.41 240.87 199.06 213.17 225.32 238.34 245.82 254.02
129.38 141.58 134.07 129.32 142.67 138.97 143.84 140.85
134.78
135.52
133.96
124.65
124.65
124.65
153.31
152.25
154.45
145.00
145.00
145.00
136.62
138.66
134.41
125.92
125.92
125.92
141.81
140.82
142.86
127.07
127.07
127.07
143.88
143.19
144.62
133.79
133.79
133.79
152.92
151.76
154.15
143.13
143.13
143.13
155.69
153.68
157.83
151.38
151.38
151.38
160.76
160.37
161.19
151.70
151.70
151.70
120.06 131.77 120.29 120.90 127.64 130.41 133.58 135.44
72.71
115.75
141.57
108.20
131.88
156.64
107.59
82.06
130.66
148.55
113.77
150.41
173.09
112.43
74.42
111.42
142.09
109.77
154.18
157.00
108.64
72.34
115.97
143.35
107.70
126.69
161.19
109.99
79.33
127.31
149.12
110.16
135.99
165.61
111.87
81.05
129.34
144.58
113.41
149.43
171.31
112.06
84.47
131.36
147.33
114.41
156.31
178.47
113.05
83.39
134.63
153.15
117.11
159.93
176.95
112.75
110.25 112.37 106.20 117.38 108.28 107.13 112.27 121.78
Exports of nonagricultural
goods
Imports of nonpetroleum
aoods
NOTE.—See footnotes to table 4.3.
143.68 168.03 142.86 152.24 158.58 168.75 169.57 175.23
153.63 178.09 156.57 160.69 168.20 176.44 183.20 184.54
1996
1997
III
IV
140.05 161.77 138.85 148.48 152.94 161.76 163.11 169.26
71.59
Seasonally adjusted
1996
1997
Chain-type price indexes
Exports of goods and
services
Exports of goods '
Foods, feeds, and beverages
Industrial supplies and
materials
Durable goods
Nondurable goods
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals, and
parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Exports of services J
Transfers under U.S. military
agency sales contracts
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Imports of goods and
services
Imports of goods l
Foods, feeds, and beverages
Industrial supplies and
materials, except petroleum
and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except
automotive
Civilian aircraft, engines,
and parts
Computers, peripherals, and
parts
Other
Automotive vehicles, engines,
and parts
Consumer goods, except
automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of services '
Direct defense expenditures ...
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural
goods2
Exports of nonagricultural
goods
Imports of nonpetroleum
aoods .. .
101.61
98.27
1997
IV
I
II
III
IV
99.39 101.47 100.35
99.90
99.72
99.21
98.71
96.06
95.55
94.99
94.35
93.56
94.61
97.89
126.27 115.98 128.50 117.48 117.60 117.98 115.48 112.84
115.72 115.36 115.05 115.29 115.52 115.36 115.71 114.86
113.74 112.80 112.30 112.12 113.19 113.30 113.32 111.38
116.78 116.78 116.58 117.06 116.81 116.48 117.03 116.82
81.56
75.84
80.68
78.60
77.42
76.31
75.28
74.33
114.01 118.35 114.97 115.70 117.81 117.63 118.82 119.16
44.97
87.85
34.05
84.09
43.23
87.1,6
40.46
85.25
37.77
84.49
35.06
84.28
32.64
83.96
30.73
83.63
104.25 105.12 104.24 104.53 104.92 105.15 105.21 105.21
104.27
102.71
105.95
103.61
103.61
103.61
105.06
103.70
106.52
100.84
100.88
100.88
104.39
102.86
106.05
103.38
103.42
103.42
104.53
102.92
106.27
101.61
101.65
101.65
104.80
103.38
106.32
101.12
101.16
101.16
104.86
103.75
106.05
101.12
101.17
101.17
105.18
103.77
106.72
100.38
100.42
100.42
105.38
103.89
107.00
100.73
100.78
100.78
110.21 112.04 110.70 111.55 111.29 112.23 112.12 112.50
111.29
111.60
109.86
105.61
109.41
107.81
122.10
110.24
114.97
106.25
105.59
111.02
109.28
131.28
109.83
112.38
109.73
105.69
109.62
107.95
126.05
109.65
112.89
112.16
107.16
110.14
108.43
128.28
110.56
114.09
102.75
106.69
110.55
108.78
129.06
110.84
114.62
109.52
105.73
110.79
109.16
131.79
109.69
114.78
108.05
105.06
111.15
109.36
131.76
109.85
116.41
104.67
104.89
111.60
109.81
132.52
99.41
95.52
98.76
98.75
97.42
95.52
94.81
94.30
98.30
93.91
97.47
97.42
96.11
93.87
93.18
92.50
110.72 111.99 110.06 110.71 111.37 113.17 112.05 111.37
109.62
110.07
109.26
113.99
109.67
112.06
107.40
107.67
108.70
109.99
107.49
112.85
109.35
109.86
108.95
128.60
110.46
111.36
109.66
123.38
108.90
112.51
105.41
104.18
109.65
112.95
106.47
101.73
109.67
111.42
108.05
101.38
77.78
67.36
76.05
72.32
69.65
68.05
66.63
65.10
113.54 118.15 114.47 114.99 117.21 117.65 118.63 119.10
52.01
87.18
41.37
77.02
50.65
85.15
48.16
80.62
45.26
78.03
42.64
77.23
40.00
76.79
37.59
76.02
108.57 108.83 108.64 108.67 108.67 108.50 108.90 109.27
103.45
103.06
103.87
107.43
107.43
107.43
102.28
100.87
103.82
106.44
106.44
106.44
103.37
102.90
103.89
107.08
107.08
107.08
103.14
102.61
103.72
107.24
107.24
107.24
102.67
101.84
103.57
107.05
107.05
107.05
102.38
101.00
103.89
106.36
106.36
106.36
102.14
100.57
103.84
106.34
106.34
106.34
101.93
100.06
103.96
106.00
106.00
106.00
105.13 104.05 105.50 105.69 104.31 104.37 103.49 104.02
107.97
109.23
105.58
103.29
109.42
99.25
109.36
100.27
105.82
111.73
103.14
111.02
98.66
108.97
107.94
110.96
104.56
103.32
109.62
98.93
110.20
108.89
109.53
107.13
104.57
110.14
99.08
109.96
101.94
106.66
108.68
104.33
110.55
101.45
105.58
112.91
103.88
110.79
98.61
98.98
109.04 108.74
98.05
104.74
112.86
102.65
111.15
98.34
108.61
99.65
106.29
112.48
101.68
111.60
98.69
109.50
126.61 117.53 128.81 118.80 119.38 118.84 116.80 115.10
95.65
92.45
95.04
93.91
93.31
92.75
92.22
91.50
97.16
92.77
96.32
94.93
93.92
92.98
92.43
91.73
National Data • D-21
SURVEY OF CURRENT BUSINESS
February 1998
Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type
[Index numbers, 1992=100]
Seasonally adjusted
Seasonally adjusted
1996
1997
III
Chain-type quantity indexes
Government consumption
expenditures and gross
investment ]
Federal
National defense
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of
general government
employees, except
force-account
construction3
Consumption of
aeneral government
fixed capital4
Other services
Gross investment
Structures
Equipment
Nondefense
Consumption expenditures
Durable goods 2
Nondurable goods . .
Commodity Credit
Corporation
inventory change
Other nondurables
Services
Compensation of
general government
employees, except
force-account
construction3
Consumption of
general government
fixed capital4
Other services
Gross investment
Structures
Equipment
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services .
Compensation of general
government
employees, except
force-account
construction 3
Consumption of general
government fixed
capital4
Other services
Gross investment
Structures
Equipment
Addenda:
Compensation of general 3
government employees ....
Federal
State and local
NOTE.--See footnotes to table 3.7.
1996
1997
1996
IV
I
II
III
IV
99.83
99.85
9974 100.50 100.77 101.17
87.9
86.71
88.2
87.04
85.76
87.14
86.89
87.04
84.5
88.0
82.24
85.46
68.96
69.95
87.70
85.00
86.99
79.98
82.30
87.94
83.44
85.84
67.04
66.02
88.45
80.86
84.57
66.37
70.26
86.93
82.33
85.69
70.43
66.46
87.94
82.58
85.60
66.16
72.52
88.05
83.18
85.97
72.88
70.57
87.89
81.89
78.92
81.93
80.64
79.99
79.14
78.93
77.62
99.54 100.54
86.20
72.2
76.05
94.82 92.92 94.57 94.12
94.25 100.04 94.08 98.60
75.34 63.89 73.76 69.89
107.11 95.34 103.75 102.80
71.80 60.37 70.43 66.21
93.62 93.17 92.70 92.18
94.74 100.30 101.42 103.72
65.42 67.34
59.66 63.13
96.54 94.56 93.91 96.36
55.49 59.61 62.26 64.12
96.01
95.37
97.46
97.10
95.93
94.84
95.69
95.21
97.54
97.18
98.71
97.60
97.27
97.24
96.33
96.37
75.08
95.57
86.79
96.69
70.86
95.43
74.38
95.61
83.75
96.75
85.82
97.23
85.41
97.03
92.19
95.76
90.66
90.56
91.20
90.70
91.10
91.42
90.91
88.82
115.70
99.49
100.61
97.44
104.93
121.31 116.42 117.80
101.87 98.03 99.16
100.00 103.75 99.08
90.21 96.76 97.41
112.61 112.70 101.49
119.30
101.47
100.06
94.95
106.77
120.73 122.01 123.19
102.05 102.13 101.84
106.81 97.31 95.84
88.29 90.52 87.07
130.76 105.85 107.07
107.88
108.28
115.98
117.38
107.08
110.48
110.45
119.47
121.71
108.98
108.17
108.63
116.49
117.92
107.41
109.78
109.53
118.18
120.12
108.15
110.10
110.06
119.04
121.18
108.61
109.04
108.98
117.32
119.06
107.66
110.73
110.77
119.90
122.24
109.28
111.31
111.44
120.76
123.30
109.90
105.08 106.63 105.44 105.54 105.87 106.30 106.90 107.43
111.57
138.73
106.03
104.30
114.13
114.41
146.07
110.62
108.72
119.71
111.94
138.20
106.03
104.15
114.91
112.66
140.65
109.35
107.84
116.33
113.37
143.86
110.95
109.49
117.57
114.07
144.66
110.28
108.43
119.08
114.76
146.73
110.52
108.39
120.88
115.43
149.01
110.74
108.57
121.30
98.66 99.08 98.98 98.72 98.87 99.00 99.31 99.14
84.83 82.84 85.07 84.02 83.73 83.27 82.98 81.39
105.06 106.64 105.42 105.54 105.89 106.31 106.91 107.44
1996
1997
III
Chain-type price indexes
Government consumption
expenditures and gross
investment l
Federal
National defense
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of
general government
employees, except
force-account
construction3
Consumption of
general government
fixed capital4
Other services
Gross investment
Structures
Equipment
Nondefense
Consumption expenditures
Durable goods2 .. . .
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services . .
Compensation of
general government
employees, except
force-account
construction3
Consumption of
general government
fixed capital4
Other services
Gross investment
Structures
Equipment . .
State and local
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of general
government
employees, except
force-account
construction 3
Consumption of general
government fixed
capital4
Other services
Gross investment
Structures
Equipment
Addenda:
Compensation of general 3
government employees ....
Federal
State and local
111.83
112.03
111.02
110.96
102.41
109.95
111.78
1997
IV
I
II
III
IV
114.47 112.07 112.76 113.74 114.1
114.54 115.47
114.7
112.05 112.74 114.10 114.4
114.71 115.71
113.66
113.98
103.00
108.30
115.12
111.16
111.26
102.60
109.14
112.12
111.94
112.16
102.17
116.27
112.96
113.14
113.39
102.89
114.14
114.31
113.46
113.70
103.22
107.47
114.8
113.62
113.95
103.01
105.14
115.17
114.41
114.88
102.89
106.46
116.17
115.40 120.34 115.87 116.76 119.51 120.16 120.26 121.45
111.40
106.45
111.22
121.50
110.07
113.15
108.49
111.22
125.44
109.45
111.61
106.69
110.39
122.21
109.00
111.91
107.82
110.29
123.57
108.67
112.50
107.65
111.26
124.09
109.72
112.78
108.07
111.65
125.35
109.95
113.26
108.71
111.10
126.15
109.19
114.08
109.55
110.89
126.16
108.94
114.47 117.35 114.25 114.72 116.44 116.87 117.30 118.76
116.32 119.88 116.10 116.74 118.80 119.30 119.87 121.54
112.73 111.20 113.82 109.98 110.07 111.40 111.61 111.74
116.89 120.75 116.64 117.48 119.65 120.14 120.73 122.47
126.39 132.64 125.72 126.91 130.91 131.68 132.41 135.56
104.51
106.39
102.76
113.14
92.16
104.30
108.09
101.48
116.60
86.90
104.40
106.65
102.53
113.30
91.56
104.15
107.29
101.99
113.92
90.00
104.08
107.60
101.63
114.63
88.66
103.77
107.92
101.67
116.18
87.56
104.43
108.29
101.24
117.11
86.12
104.93
108.55
101.38
118.49
85.25
111.71
111.84
106.39
109.36
112.25
114.32
114.44
106.81
108.64
115.34
112.07
112.23
106.32
109.07
112.75
112.77
113.01
106.45
110.70
113.43
113.54
113.71
106.42
110.77
114.23
113.95
114.02
106.45
108.30
114.90
114.44
114.58
107.01
107.82
115.60
115.33
115.45
107.35
107.68
116.61
114.02 117.18 114.45 115.24 116.04 116.75 117.52 118.40
108.74 110.58 108.85 108.95 109.84 110.41 110.57 111.48
90.09 93.90 91.97 92.13 92.76 93.05 93.55 96.23
111.14 113.73 111.34 111.69 112.73 113.64 113.78 114.78
113.93 117.98 114.25 114.90 116.36 117.75 118.20 119.60
99.35 95.94 99.09 98.20 97.49 96.39 95.28 94.63
15.42
19.00
14.03
19.17
24.40
17.18
15.75 116.59 118.03 118.73
19.08 120.08 123.26 123.94
14.46 15.24 116.04 116.75
19.38
24.26
17.53
20.52
26.14
18.40
D-22 • National Data
SURVEY OF CURRENT BUSINESS
February 1998
Table 7.14.—Chain-Type Quantity and Price Indexes for Gross Domestic
Product by Sector
Table 7.16.—Implicit Price Deflators for Inventories of Business by
Industry
[Index numbers, 1992=100]
[Index numbers, 1992=100]
Seasonally adjusted
Seasonally adjusted
1996
1997
III
Chain-type quantity indexes
Gross domestic
product
Business '
Nonfarm!
Nonfarm less housing
Housing
Farm
Households and institutions ...
Private households
Nonprofit institutions
General government2
Federal
State and local
Chain-type price indexes
Gross domestic
product
Business '
. .
Nonfarm '
Nonfarm less housing
Housing
Farm
Households and institutions ...
Private households
Nonprofit institutions
General government2 .
Federal
State and local
1996
1997
1996
II
I
IV
110.95 115.17 111.20 112.38 113.73 114.66 115.53 116.75
112.70 117.55 112.93 114.35 115.92 116.98 117.94 119.38
112.99 117.83 113.25 114.69 116.18 117.23 118.23 119.68
113.61 118.83 113.83 115.36 116.99 118.15 119.27 120.91
107.83 109.60 108.37 109.05 109.53 109.66 109.67 109.56
93.75 99.13 92.56 92.75 98.07 99.75 98.78 99.93
111.52 114.89 111.96 112.66 113.55 114.40 115.28 116.32
100.06 95.64 98.67 95.09 94.77 95.54 95.97 96.28
111.96 115.62 112.47 113.33 114.27 115.11 116.02 117.08
99.34
99.80
99.63
99.43
99.72 100.01
99.58
99.88
87.79 86.03 87.94 87.08 86.80 86.40 86.12 84.80
105.65 107.33 106.00 106.18 106.56 107.00 107.61 108.16
110.22 112.46 110.59 111.10 111.78 112.27 112.67 113.10
109.56 111.60 109.95 110.43 111.00 111.45 111.80 112.13
109.46
109.11
112.48
118.34
111.47
110.98
115.80
122.15
109.76
109.40
112.88
125.11
110.21
109.82
113.63
128.16
110.88
110.47
114.42
121.56
111.29
110.83
115.32
124.35
111.67
111.14
116.29
122.82
112.04
111.46
117.19
119.88
111.19 114.25 111.36 111.98 112.87 113.90 114.79 115.45
113.51 117.66 114.29 115.40 115.86 116.84 118.22 119.72
111.10 114.14 111.25 111.86 112.77 113.79 114.68 115.31
114.58 118.02 114.89 115.62 116.95 117.60 118.21 119.30
116.82 121.19 116.92 117.71 120.19 120.74 121.11 122.70
113.53 116.55 113.93 114.64 115.46 116.15 116.86 117.74
NOTE.—See footnotes to table 1.7.
Table 7.15.—Current-Dollar Cost and Profit Per Unit of Real Gross
Domestic Product of Nonfinancial Corporate Business
[Dollars]
Current-dollar cost and profit
per unit of real gross
domestic product L
Consumption of fixed capital
Net domestic product .
Indirect business tax and nontax liability
plus business transfer payments less
subsidies
Domestic income
Compensation of employees
Corporate profits with inventory
valuation and capital consumption
adjustments
Profits tax liability
Profits after tax with inventory
valuation and capital
consumption adjustments
Net interest
1 063
1.064 1.065 1.069 1.072 1.072
.101
.101
.101
.101
.101
.100
.962
.963
.963
.968
.971
.972
.108
.108
.108
.107
.861
.697
.107
.863
.698
.107
.865
.695
853
855
855
.690
.691
.693
140
141
142
143
144
149
040
040
040
040
040
042
103
.104
.021
.107
.021
101
m
.101
.022
102
.021
.021
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted
two places to the left.
III
IV
III
Inventories
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale
Durable goods .
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Motor vehicle dealers
Other
Nondurable goods
Other . .
Durable goods
Nondurable goods
1997
IV
107.20 107.08
105.03 100.15
107.45 107.77
106.52 106.49
108.74 109.53
107.32 107.47
104.68 104.89
111.79 111.85
107.22 106.53
104.14 103.90
112.38 110.90
107.39 106.48
104.39 104.14
112.55 110.43
106.18 106.86
102.54 102.26
111.59 113.64
106.85 106.96
110.22 110.06
112.94 112.57
107.50 107.52
103.39 103.80
109.96 113.73
115.20 115.15
107.36 113.22
I
106.63
103.26
107.00
106.69
107.45
106.84
104.92
110.06
106.26
103.91
110.16
106.50
104.17
110.44
104.87
102.24
108.77
107.01
110.48
113.16
107.79
103.44
109.34
116.40
105.81
II
III
IV
105.93 106.21 105.59
101.90 101.00 98.36
106.36 106.74 106.32
106.25 106.12 105.93
106.54 107.62 106.87
106.13 106.49 106.31
104.52 104.50 104.55
108.80 109.84 109.27
105.62 106.08 105.45
103.80 103.56 103.22
108.61 110.27 109.14
105.93 106.35 105.77
104.06 103.83 103.48
109.05 110.61 109.64
103.79 104.50 103.52
102.07 101.79 101.48
106.34 108.52 106.56
106.28 106.53 106.25
109.42 109.38 108.96
110.90 110.89 110.21
107.83 107.76 107.59
103.08 103.64 103.51
109.15 109.74 108.63
116.50 115.80 115.60
105.46 106.73 105.14
NOTE.—Implicit price deflators are as of the end of the quarter and are consistent with the inventory stocks shown
in tables 5.12 and 5.13.
SURVEY OF CURRENT BUSINESS
February 1998
Table 7.17.—Chain-Type Quantity Indexes for Gross Domestic Product
by Major Type of Product
National Data •
Table 7.18.—Chain-Type Quantity Indexes for Auto Output
[Index numbers, 1992=100]
[Index numbers, 1992=100]
Seasonally adjusted
Seasonally adjusted
1996
1997
1996
1997
1996
III
IV
I
II
1997
1996
III
111
IV
Gross domestic product
Final sales of domestic
product
Change in business
inventories
110.95 115.17 111.20 112.38 113.73 114.66 115.53 116.75
Goods
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services
Structures . .
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output
114.72 121.01 115.17 116.51 119.31 120.49 121.30 122.92
113.89 118.38 113.83 115.32 116.66 117.19 119.31 120.37
D-23
110.64 114.22 110.70 111.93 112.77 113.47 114.80 115.83
127.97 138.76 130.25 128.64 133.71 139.00 140.14 142.18
124.84 134.07 125.41 127.35 128.97 132.66 136.70 137.93
105.69 109.06 104.94 108.19 109.52 108.07 108.66 110.00
106.32 107.68 105.82 107.01 108.17 106.63 107.49 108.44
108.08 111.12 108.15 109.17 109.76 110.65 111.54 112.54
113.63 117.01 114.19 115.73 116.16 116.27 117.26 118.34
117.55 122.87 120.25 115.23 120.59 117.22 123.72 129.95
110.73 114.90 110.89 112.28 113.50 114.57 115.25 116.30
Auto output
Final sales
Personal consumption
expenditures
New autos
Net purchases of used
autos
Producers' durable equipment
New autos
Net purchases of used
autos
Net exports
Exports
Imports
Gross government investment
1997
IV
I
II
III
IV
98.69 98.52 105.25 93.58 98.45 96.09 100.49 99.05
101.94 98.40 101.44 99.35 99.31 94.84 100.39 99.06
103.07 103.18 102.94 100.38 105.11
95.25 95.79 93.43 93.83 96.91
99.69 106.36 101.55
89.70 100.20 96.37
128.03 132.73 133.95 127.22 136.19 130.82 136.50 127.42
126.10 126.84 133.00 121.72 130.80 126.22 129.36 120.99
112.16 113.42 112.99 110.84 109.44 119.00 106.05 119.18
126.62 139.83 131.31 125.96 143.81 139.60 143.34 132.59
102.75 100.46 89.32 115.71 103.02 82.28 100.78 115.77
Change in business
inventories of new and used
autos
New
Used
Addenda:
Domesticl output of new
autos
110.93 110.17 120.25 103.63 109.88 108.14 114.28 108.39
Sales of imported new autos 2
98.06 106.71 97.64 99.15 108.82 102.63 109.56 105.80
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and gross government investment.
Table 7.19.—Chain-Type Quantity Indexes for Truck Output
[Index numbers, 1992=100]
Truck output ' .
Final sales
Personal consumption
expenditures
Producers' durable equipment
Net exports
Exports
Imports
Gross government investment
Change in business
inventories
1. Includes new trucks only.
144.61 157.88 141.72 146.38 152.43 147.62 157.14 17433
147.62 156.90 144.35 152.03 150.72 147.96 158.65 17029
121 78 12263 11829 12090 11917 11336 12605 131 95
181.34 199.99 184.46 190.80 193.20 192.36 202.08 212.33
15623 19000 14753 177.17 17557 16989 17636 23817
11645 134.38 12533 113.92 13314 13075 14562 12801
91.90 105.34 79.52 82.80 97.68 109.59 120.72 93.37
SURVEY OF CURRENT BUSINESS
D-24 • National Data
February
8. Supplementary Tables.
Table 8.1 .—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1996 1997
III
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Personal consumption expenditures:
Current dollars
Chain-type quantity index
Chain-tvoe orice index
Implicit price deflator
1996
1997
1996
IV
I
II
Implicit price deflator
5.9
3.8
2.0
2.0
3.6
1.0
2.7
2.6
6.2
4.3
1.9
1.9
7.4
4.9
2.4
2.4
5.2
3.3
1.8
1.8
4.6
3.1
1.4
1.4
5.9
4.3
1.5
1.5
5.0
2.6
2.4
2.4
5.4
3.3
2.0
2.0
3.0
5
2.5
2.5
6.3
3.3
3.0
2.9
7.6
5.3
2.2
2.2
2.0
9
7.2
5.6
1.5
1.5
4.6
3.2
1.3
1.3
1.0
Durable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
2.4
3.9 -2.6
4.3
4.7
5.7 -1.9
3.5
-.4 -1.6
-.6 -1.0
—.7 -1.1
-.4 -1.7
Nondurable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
4.0
1.4
2.6
2.6
3.8
1.9
1.9
1.9
1.6
.6
9
c
5.8
2.1
3.7
3.7
7.2 -2.1
4.7 -2.1
2.4
0
2.4
0
5.7
4.3
1.3
1.3
Services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
5.7
2.7
2.9
2.9
6.5
3.5
2.9
2.9
4.9
1.0
3.9
3.9
7.4
3.9
3.4
3.4
6.6
3.9
2.6
2.6
6.5
3.9
2.5
2.5
4.7
4.5
.2
.2
.4
.1
.3
.3
Gross private domestic investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Fixed investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Nonresidential:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Structures:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Producers' durable equipment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Residential:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Exports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Exports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Exports of services:
Current dollars
Chain-type quantity index
Chain-type price index
7.5
7.8
-.2
-.3
8.2
8.3
-.1
-.1
8.1
9.2
10.8
11.5
r\
-.B
7.5
7.7
—.2
-.2
8.2
9.7
16.8
16.5
1.2
o
11.6
10.1
1.4
1.3
7.3
4.8
2.3
2.3
7.0
3.6
3.3
3.3
14.2
10.0
8.4
8.7
8.5
5.9
2.4
2.4
6.4
8.3
-1.8
-1.8
5.8
9.5
5.9
2.8
3.0
3.0
10.1
12.5
-2.2
-2.2
17.2
17.7
-.6
—4
2.7
2.5
.2
.1
2.6
3.0
-.4
-.4
12.4
12.6
14.7
14.4
3.0
3.9
-9
-!9
_2
-.2
4.4
2.1 12.9
4.1 14.6
5.9
-1.5
-.3 -1.5 -2.0
-1.5
-.3 -1.5 -2.0
-1.4
-1.4
12.2
-4.1
-3.1
.7 15.6
1.6 17.1
— 5 -1.0
_ g -1.3
16.1
16.5
-1.0
-1.0
10.9
-2.3
-2.3
6.3
3.9
2.4
2.4
.7 -1.0
18.2
15.3
-2.1
-4.7
3.9
3.8
2.5
2.5
2.8
2.8
3.9
3.9
16.9
19.1
-1.9
-1.9
-.5
2.6
2.6
6.7
18.7
23.0
-3.5
-3.5
-3.0
-3.0
-3.8
-3.8
5.7
5.7
2.6
2.6
5.4
3.3
2.0
2.0
11.1
-4.5
-1.8
-4.3
-.6
1.9
20.4
25.5
-4.3
-4.1
8.0
9.9
17.6
18.4
-1.8
-1.8
21.8
30.7
-7.3
-6.9
10.2
12.6
-2.1
-2.1
22.2
25.1
-2.3
-2.3
17.1
13.5
2.7
3.7
-.9
6.7
3.2
3.4
1.0
-2.6
-2.4
-2.7
-3.4
-3.4
11.3
15.5
-3.7
-3.7
-5.3
-5.1
8.0
5.5
2.4
7.3
5.5
1.7
4.6
.3
4.3
2.5
3.1
7.4
3.4
3.4
.3
.3
.1
2.6
6.8
7.2
-.4
1.5
.2
1.4
11.8
22.9
-9.0
-9.0
12.1
15.4
-2.9
-2.9
-2.9
-2.9
2.8 17.9
2.1 24.2
.7 -5.1
.7 -5.1
9.2
6.4
8.9 10.1
.2 ^3.3
.2 -3.3
7.9
5.7
2.1
2.1
2.5
.1
25
24
4.5
3.1
1.4
1.4
2.5
1.1
1.4
1.4
4.9
1.6
3.3
3.3
2.1
.9 -2.3 -3.0 -1.1
-1.3 -1.4 -42 -5.2 -5.8
3.4 2.4 2.1 2.5 4.9
3.4 2.3 1.9 2.3 4.9
7.9 -.3
6.6 -1.1
1.3
.9
1.3
.9
4.2
.7
3.5
3.5
2.4 -.6 -2.8 -4.7 -8.0
-1.5 -2.7 -4.6 -7.1 -11.8
3.9 2.4 2.1 2.8 4.3
3.9 2.2 1.9 2.6 4.3
8.7
7.5
1.1
1.1
5.8
2.9
2.8
2.8
Implicit price deflator
Gross domestic purchases:
Current dollars
Chain-type quantity index
9.0
-2.6
-2.6
10.5
16.7
-5.3
-5.3
Addenda:
Final sales of domestic product:
Current dollars
Chain-type quantity index
Implicit orice deflator
3.1
3.1
12.1
16.0
-3.3
-3.3
1.4
7.2
7.7
<>
Imnlirit nriro rtaflatnr
13.8
10.4
.6
3.4
-.4
6.8 9.4 8.9
9.9 14.7 15.7
-2.8 ^.5 -5.6
-2.8 -4.6 -5.9
State and local:
Current dollars
Chain-type quantity index
Chain-type price index
-6.5
-3.9
-2.7
-2.7
11.3
-2.0
-2.0
3.4
-5.3
Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index
1.5
6.7 -2.7
4.2
4.4
4.2
4.4
2.3
4.4
-.9
IV
11.2
14.6
-3.0
^3.0
National defense:
Current dollars
Chain-type quantity index
Chain-type price index
11.2
6.0
2.7
3.2
3.2
III
11.4
20.5
-7.6
-7.6
Federal:
Current dollars
Chain-type quantity index
Chain-type price index
-.8
-.8
20.9
24.1
-2.6
-2.6
3.1
II
6.5 11.7
6.8 17.9
0 r -5.3
Government consumption expenditures
and gross investment:
Current dollars
Chain-type quantity index
Chain-type price index
-4.4
-3.6
-.8
-.8
4.3
I
6.8 93 8.1
9.1 13^9 13.2
-2.2 -3.9 -4.2
-2.2 -4.0 -4.5
Imports of services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
-2.4
-2.4
18.2
19.2
-.7 -2.0
-.7 -2.0
NOTE.-Contributions to the percent change in real gross domestic product are shown in table 8.2.
15.0
18.4
-2.9
-2.9
1.7
IV
Imports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
7.4
5.1
2.1
2.1
-8.2
-5.4
-.7 -3.0
-.7 -3.0
2.4
1997
Imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
.8
-.4
1.2
1.2
13.3
14.1
1996
III
IV
III
5.1
2.8
2.3
2.c
i!o
1997
Final sales to domestic purchasers:
Current dollars
Chain-type quantity index
I
lrnnlirit nrirp ripflstnr
6.6 8.6
5.5 9.7
1.1 -1.0
1.1 -1.0
3.8
5
13
3.3
4.3
1.2
3.1
3.1
3.4 1.8
1.0 -1.1
2.4 3.1
2.3 3.0
—.c
-.4
1.4
-.9
2.3
2.3
4.0 -1.3
.5
1.5 ^3.2 -1.0
2.5 2.2 1.7
2.5 2.0 1.5
4.8
1.6
3.2
3.2
4.8
2.4
2.3
2.3
4.4
.7
3.6
3.6
5.2
2.8
2.3
2.3
5.4
3.2
2.1
2.1
5.2
2.9
2.2
2.2
5.2
3.0
2.2
2.2
3.1
-.4
3.5
3.5
1.8
1.2
.6
.6
-.9
1.3
-2.1
-2.1
-2.4
.5
8.0
6.1
6.1
6.4 -4.3
1.0
4.9 -5.7
-3.8
1.5
1.5
5.1
1.5
1.5 5.0
5.9
3.3
2.5
2.5
5.5
2.7
2.7
2.7
2.6
1.2
1.5
1.5
4.1
2.3
1.7
1.7
5.3
2.1
3.1
3.1
2.9
.2
2.7
2.7
6.6
4.5
1.9
2.0
5.6
3.0
2.5
2.5
4.4
2.5
1.9
1.9
6.3
4.7
1.5
1.5
5.3
3.6
1.6
1.6
5.8
4.1
1.7
1.7
4.7
2.4
2.4
2.2
4.8
2.5
2.4
2.3
7.9
5.9
1.9
1.9
4.6
3.7
.8
.9
5.7
4.3
1.3
1.3
4.6
3.1
1.5
1.5
5.3
3.5
1.8
1.8
4.0
1.5
24
2.4
5.1
2.7
2.4
2.4
6.1
4.0
2.0
2.0
3.9
2.9
.9
.9
7.4
6.0
1.3
1.3
4.0
2.5
1.5
1.5
14.6
Gross national product:
Current dollars
. .
Chain-type quantity index
Chain-type price index
Implicit price deflator
5.0
2.7
2.3
2.3
3.1
.6
?6
2.5
6.8
4.9
19
1.8
6.5
4.0
?4
2.4
4.9
3.0
18
1.8
4.6
3.1
14
1.4
Command-basis gross national product:
Chain-type quantity index
2.8
.8
4.4
4.5
4.0
3.2
Disposable personal income:
Current dollars
Chained (1992) dollars
4.7
2.3
5.2
2.7
3.7
.7
6.8
4.6
4.2
3.1
4.1
2.6
5.0
2.9
6.1
4.7
Table 8.2.—Contributions to Percent Change in Real Gross Domestic
Product
Table 8.3.—Selected Per Capita Product and Income Series in Current
and Chained Dollars
[Dollars]
Seasonally adjusted at annual rates
1996
1996
1997
III
Percent change at annual rate:
Gross domestic product
Percentage points at annual rates:
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment ...
Fixed investment
Nonresident! al
Structures
Producers' durable equipment
Residential
Change in business inventories
Net exports of goods and services ...
Exports
Goods
Services
Imports
Goods
Services
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
Seasonally adjusted at annual rates
1997
II
I
IV
1996
IV
III
1997
1996
III
2.8
3.8
1.0
4.3
4.9
1.8
2.2
.4
2.2
r\
—,£.
o
.0
.1
.4
1.6
.9
.1
.8
.2
0
1.0
.9
.1
.8
.1
.5
-.2
-.3
.9
.7
.2
1.3
1.2
.2
.4
0
l.'l
1.1
1.1
-1.1
-1.0
-.1
.4
.4
1.4
-1.6
-1.4
-.2
3.3
3.1
4.3
3.6
.6
3.8
2.2
.4
1.5
1.1
.9
1.5
_c
-A
1.5
1.4
.8
1.5
.2
-.1
2.0
2.3
.2
2.4
2.5
.4
.7
1.4
1.6
.3
1.3
-.2
.8
.4
.6
.4
.2
-.2
-.2
.6
.4
-.1
.5
.1
1.8
1.7
1.4
-.1
1.6
.3
.8
2.0
1.9
.2
1.7
.1
-1.6
0
-.4
-.1
-.3
.4
.7
-.4
-1.3
1.1
-1.4
.2
.2
0
-1.6
-1.6
0
1.8
2.7
2.2
.4
-8
-.8
0
-1.0
1.1
1.0
.1
-2.1
-1.7
2.0
1.9
.1
-2.5
-2.3
-.5
-.2
D-25
National Data
SURVEY OF CURRENT BUSINESS
February 1998
.5
.3
.2
-1.7
-1.6
-.1
1.3
1.3
0
-.2
-.1
-.1
.1
.2
-.2
0
-.1
.6
.2
.3
-.1
-.1
0
.2
-.1
-.1
0
.3
-.3
-.2
-.1
.1
-.4
-.3
0
.4
-.4
-.6
.2
.3
.4
.3
.1
.1
-.1
.1
-.1
.3
0
.1
-.1
.2
Current dollars:
Gross domestic
product
Gross national
product
Personal income
Disposable personal
income
Personal
consumption
expenditures
Durable goods ....
Nondurable
goods
Services
1997
IV
1
II
III
IV
30,177
28,869
29,243
29,715
30,030
30,295
28,759
24,457
25,663
28,843
24,604
29,254
24,835
29,662
25,268
29,952
25,525
30,218
25,756 "26J02
21,117
21,976
21,229
21,373
21,689
21,865
22,034
22,312
19,608
2,389
20,490
2,462
19,660
2,386
19,919
2,395
20,247
2,466
20,303
2,409
20,612
2,488
20,796
2,484
5,779
11,441
5,946
12,082
5,786
11,488
5,854
11,669
5,945
11,836
5,901
11,993
5,969
12,154
5,967
12,345
26,088
26,847
26,116
26,333
26,599
26,760
26,901
27,124
28,752
30,664
Chained (1992)
dollars:
Gross domestic
product
Gross national
product
Disposable personal
income
Personal
consumption
expenditures
Durable goods ....
Nondurable
aoods . . .
Services
Population (mid-period,
thousands)
26,102
26,354
26,562
26,704
26,844
19,116
19,497
19,161
19,152
19,331
19,439
19,518
19,700
17,750
2,301
18,179
2,411
17,745
2,301
17,848
2,316
18,046
2,389
18,051
2,351
18,258
2,447
18,361
2,457
5,393
10,057
5,448
10,323
5,393
10,052
5,408
10,125
5,460
10,202
5,420
10,278
5,465
10,352
5,447
10,459
26,101
265,579 267,869 265,887 266,491 266,987 267,545 268,171 268,772
D-26 • National Data
SURVEY OF CURRENT BUSINESS
February 1998
Table 8.4.—Auto Output
Table 8.5.—Real Auto Output
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1996
1997
1997
1996
IV
III
I
II
III
134.6 134.7 144.5 128.7 136.4 130.2 138.1 134.2
Auto output
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Gross government investment
. . .
Change in business inventories of new
and used autos ..
New
Used
Addenda:
Domestic output of new autosl
Sales of imported new autos2
140.0 135.3 140.2 138.0 137.9 131.1 137.4 134.6
141.3 140.7 141.5 138.4 145.2 136.7 144.0 136.9
86.1
55.3
45.3
79.2
86.7
54.0
48.4
79.8
84.8
56.7
48.0
84.0
85.3
53.2
45.9
76.9
87.9
57.3
48.8
82.5
81.3
55.4
47.4
79.5
90.7
53.3
50.4
81.4
2.3
-S.4
-5.6
.2
17.3
73.4
2.3
-.5
0
-.6
17.1
68.3
16.8
65.7
2.0
2.6
4.3
3.7
.6
-9.3
-9.0
-.4
16.6
75.0
2.3
-1.5
-.8
-.6
18.1
73.0
1.9
-.9
.3
-1.2
16.2
75.5
2.3
-.4
-.5
0
Change in business inventories of new
and used autos
New
Used
.7
1.1
-.4
18.2
70.1
131.6
113.5
120.8
116.8
126.3
118.6
63.4
58.2
59.2
64.8
61.1
65.1
62.6
58.2
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and gross government investment.
78.2
42.1
45.1
72.0
78.7
41.8
46.8
72.4
76.7
43.2
47.2
75.9
Addenda:
Domestic output of new autos l
Sales of imported new autos2
77.0
40.2
44.9
69.5
16.0
59.6
2.1
16.2
65.8
16.1
61.8
2.0
1.8
.3
-.6
.2
-.7
4.0
3.6
.5
.5
15.8
59.2
.3
-4.7
-5.2
110.9 110.1 120.2
52.9
57.5
2.3
-7.9
-8.1
0
.8
79.6
43.1
48.0
74.7
73.7
42.4
46.1
72.1
82.3
42.0
48.1
73.9
79.1
39.6
44.9
69.1
15.6
67.6
2.1
-1.8
-1.0
-7
.5
17.0
65.7
15.1
67.4
17.0
62.4
1.7
2.0
2.3
.9
2.3
-.6
0
-.5
-.7
-.6
-.1
.5
.6
-1.2
.4
103.6 109.8 108.1 114.2 108.3
52.6
53.5
58.7
55.3
59.1
57.0
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and gross government investment.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines, excluding the
lines in the addenda.
Table 8.7.—Real Truck Output
[Billions of dollars]
[Billions of chained (1992) dollars]
Truck output l
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Gross government investment
Change in business inventories
IV
III
-26.6 -25.6 -28.4 -24.6 -26.6 -25.9 -25.8 -24.2
-43.6 -49.6 -45.6 -43.4 -52.0 -48.7 -52.3 -45.4
Table 8.6.—Truck Output
1. Includes new trucks only.
II
124.4 120.1 123.8 121.3 121.2 115.8 122.6 120.9
121.2 121.3 121.0 118.0 123.6 117.2 125.0 119.4
.6
Residual
121.1 120.6
1997
I
IV
119.9 119.7 127.9 113.7 119.7 116.8 122.1 120.4
Auto output
2.7
86.9
50.0
47.0
75.9
1996
III
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Gross government investment
-33.9 -31.4 -35.9 -31.1 -33.7 -32.1 -31.0 -28.8
-48.9 -56.1 -51.3 ^8.8 -58.4 -54.9 -59.4 -51.9
17.0
65.9
1997
1996
IV
136.7 149.7 134.2 138.5 145.0 140?
1493
1646
141.6 141.1 138,3
1483
66.8
1585
69.8
137.4 146.6 1346
63.7
71.6
65.0
78.5
-47 ^*6
90 112
13.7
68
-.7
15.8
78
3.2
62.1
72.9
63.9
74.9
63.2
76.1
60.1
75.5
793
8? 9
-32 -54 -54 -67 -1 0
102 102 100 10.4 14.2
15?
17.1
15.3
15.7
13.4
14.8
89
68
81
72
61
59
-63
85
-.4
-3.1
3.8
1.8
1.0
6.1
Truck output l .
. .
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
....
Gross government investment
Change in business inventories
Residual
121.1 132.2 118.7 122.6 127.6 123.6 131.6 1460
121.7 129.3 119.0 125.3 124.2 121.9 130.7 140.3
55.8
63.7
56.2
-37
R7
-3.8
702
6.1
106
143
6.9
-.6
_2
-4
12.4
3.0
54.2
64.7
-5.1
55.4
67.0
-?3
8?
98
13.4
121
5?
5.5
-.3
1
-2.9
-1
51.9
57.7
60.5
678
675
709
745
-4.4
-4.5
-57
9.4
98
139 155
72
80
-4
132
136
62
54.6
9.8
142
6.4
3.6
-4
1.7
-2
.9
_2
5.7
-5
1. Includes new trucks only.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
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.
National Data • D-27
SURVEY OF CURRENT BUSINESS
February 1998
B. Other NIPA and NiPA-Related Tables.
Monthly Estimates:
Tables B.i and B.2 include the most recent estimates of personal income and its components; these estimates
were released on February 2,1998 and include "preliminary" estimates for December 1997 and "revised" estimates
for October and November.
Table B.1.—Personal Income
[Billions of dollars; monthly estimates seasonally adjusted at annual rates]
19 97
19 96
1QQR
1QQ7
Nov.
Personal income
Wage and salary disbursements
Private industries
Commodity-producing industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with IVA and CCAdj
Farm
. . .
Nonfarm
Rental income of persons with CCAdj
Personal dividend income
Personal interest income
Transfer payments to persons
Old-age, survivors, disability, and health insurance benefits
Government unemployment insurance benefits
Other
Less' Personal contributions for social insurance
p
r
Dec.
Jan.
Mar.
Feb.
May
Apr.
June
July
Sept.
Aug.
Oct.'
Nov.r
Dec.''
6,495.2
6,874.4
6,615.2
6,664.4
6,700.1
6,750.3
6,788.2
6,800.9
6,822.8
6,863.5
6,873.1
6,912.2
6,935.5
6,971.2
7,022.4
7,052.7
3,632.5
2,989.9
3,877.2
3,211.8
960.1
705.9
876.0
13756
665.4
3,713.4
3,064.4
926.5
684.7
840.8
1 297.1
649.1
3,753.7
3,104.0
935.2
690.4
848.9
1,319.9
649.7
3,754.1
3,098.7
936.3
690.5
847.7
1,314.6
655.5
3,799.1
3,140.9
943.4
693.4
857.9
1 339.6
658.2
3,821.3
3,161.7
948.8
698.4
864.8
1,348.1
659.7
3,822.1
3,161.2
950.3
699.5
863.1
1,347.7
660.9
3,835.1
3,173.1
953.7
700.3
865.0
1 ,354 5
661.9
3,867.6
3,204.5
954.5
701.2
872.9
1 ,377.1
663.1
3,870.0
3,204.6
955.5
701.5
872.2
1,376.8
665.4
3,902.3
3,234.5
962.0
706.5
883.7
1,388.9
667.8
3,916.1
3,246.2
966.6
710.0
886.4
1,393.3
669.8
3,943.8
3,271.7
975.4
717.8
893.1
1,403.1
672.1
3,989.3
3,314.9
9847
724.3
903.2
1,4270
674.4
4,006.0
3,330.0
9905
7273
902.4
1 4371
6760
9091
674.7
823.3
12575
642.6
4076
4166
4087
411.4
4105
412.5
413.9
414.4
4153
415.6
416.6
417.6
418.9
420.1
4214
4226
5203
5447
5284
5298
5322
534.5
537.2
5409
5436
546.5
546.8
546.1
548.7
552.0
5534
5546
39.4
43.0
43.0
40.8
39.0
38.9
372
40.9
40.5
39.9
39.9
41.4
43.8
44.0
38.8
392
483.1
503.8
487.9
490.0
492.8
494.6
495.8
497.9
499.8
502.4
503.9
505.3
509.6
513.1
514.6
515.4
146.3
148.1
149.2
149.1
148.5
149.3
149.2
149.3
148.9
147.8
147.4
148.5
148.2
146.9
146.5
146.5
291.2
321.5
295.0
296.9
310.7
312.5
314.4
316.3
318.3
320.3
322.4
324.5
326.6
328.6
330.7
332.8
735.7
768.8
749.8
751.8
754.3
757.0
760.4
763.4
766.0
768.9
771.0
772.5
774.3
776.3
779.1
7820
1,068.0
537.6
1,121.1
566.7
1,081.8
546.2
1,085.5
548.2
1,105.5
559.5
1,104.1
555.6
1,111.9
561.5
1,114.6
562.4
1,116.6
564.8
1,119.7
565.9
1,122.1
567.3
1,125.9
570.4
1,129.0
570.4
1,131.3
571.9
1,133.0
572.6
1,140.0
577.8
215
5407
22.0
21.8
22.1
22.0
22.0
22.0
21.9
21.9
21.7
21.4
21.6
21.5
21.5
5327
21.1
5146
22.3
5084
515.0
5239
5265
528.4
5302
5299
531 9
533.1
534.1
5370
5379
5389
3063
3236
311.3
313.8
315.8
3187
320.1
320.1
320.9
323.0
323.1
325.2
326.1
327.9
3310
331 8
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
Preliminary.
Revised.
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
Table B.2.—The Disposition of Personal Income
[Monthly estimates seasonally adjusted at annual rates]
1997
1996
1996
1997
Nov.
| Mar.
Feb.
Jan.
Dec.
May
Apr.
June
July
Sept.
Aug.
Oct.'
Ncv.r
Dec./"
7,052.7
Billions of dollars, unless otherwise indicated
Personal income
.
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less* Personal outlays
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Interest paid by persons
. .
Personal transfer payments to rest of world
Equals: Personal savings
Addenda:
Disposable personal income:
Billions of chained (1992) dollars '
Per capita:
Current dollars
Chained (1992) dollars
Population (thousands)
Personal consumption expenditures:
Billions of chained (1992) dollars
Durable goods
Nondurable goods
Services
Implicit price deflator 1992=100
Personal saving as percentage of disposable personal income2
6,495.2
6,874.4
6,615.2
6,664.4
6,700.1
6,750.3
6,788.2
6,800.9
6,822.8
6,863.5
6,873.1
6,912.2
6,935.5
6,971.2
7,022.4
886.9
987.8
921.7
936.8
942.3
957.7
967.0
970.4
978.3
988.9
991.2
999.3
1,003.5
1,010.7
1,021.0
1,023.8
5,608.3
5,886.6
5,693.5
5,727.6
5,757.8
5,792.7
5,821.2
5,830.5
5,844.5
5,874.5
5,881.9
5,913.0
5,932.0
5,960.4
6,001.3
6,028.9
5,368.8
5,661.0
5,470.2
5,505.9
5,565.9
5,578.5
5,579.5
5,592.3
5,592.7
5,623.5
5,690.4
5,699.3
5,712.6
5,745.4
5,767.7
5,784.2
5,207.6
634.5
1,534.7
3,038.4
5,488.6
659.4
1,592.7
3,236.5
5,302.7
638.4
1,558.1
3,106.2
5,336.4
637.4
1,564.6
3,134.5
5,396.7
661.0
1,584.5
3,151.1
5,409.7
659.8
1,589.0
3,160.9
5,410.8
654.4
1,588.6
3,167.8
5,422.0
642.9
1,577.0
3,202.1
5,422.4
643.5
1 ,577.1
3,201.8
5,451.9
647.0
1,582.6
3,222.3
5,518.7
670.8
1,597.6
3,250.3
5,525.8
670.5
1,599.8
3,255.5
5,537.8
660.7
1,604.9
3,272.2
5,569.1
658.8
1,604.5
3,305.9
5,590.9
669.5
1,603.7
3,317.6
5,608.0
674.4
1,603.4
3,330.2
145.2
154.5
150.8
152.8
152.2
151.7
151.6
152.7
152.7
154.0
153.5
155.2
15.9
17.9
16.7
16.7
17.0
17.0
17.0
17.6
17.6
17.6
18.2
18.2
18.2
18.5
18.5
18.5
239.6
225.6
223.3
221.7
191.9
214.2
241.7
238.2
251.8
251.0
191.4
213.7
219.4
215.0
233.7
244.7
5,076.9
5,222.7
5,101.1
5,123.0
5,142.3
5,159.4
5,181.4
5,185.5
5,198.7
5,218.3
5,214.8
5,239.8
5,247.8
5,267.1
5,297.0
5,320.3
21,117
19,116
265,579
21,976
19,497
267,869
21,364
19,142
266,492
21,478
19,211
266,672
21,579
19,272
266,826
21,697
19,326
266,975
21,789
19,394
267,161
21,808
19,396
267,354
21,845
19,431
267,541
21,941
19,490
267,741
21,951
19,462
267,952
22,049
19,539
268,171
22,102
19,553
268,391
22,191
19,610
268,594
22,329
19,708
268,775
22,417
19,782
268,947
4,714.1
611.1
1,432.3
2,671.0
110.47
4,869.7
645.8
1,459.3
2,765.2
112.71
4,751.0
617.2
1,439.3
2,694.7
111.61
4,773.1
618.2
1,440.7
2,714.0
111.80
4,819.8
641.2
1,456.0
2,724.2
111.97
4,818.3
638.4
1,458.1
2,723.2
112.27
4,816.1
633.8
1,459.2
2,724.2
112.35
4,822.2
625.9
1,446.3
2,749.1
112.44
4,823.2
628.1
1,449.1
2,745.5
112.42
4,842.9
633.0
1,454.7
2,755.0
112.58
4,892.8
657.7
1,466.0
2,771.0
112.79
4,896.8
659.9
1,464.8
2,774.1
112.85
4,899.0
650.9
1,465.6
2,783.2
113.04
4,921.3
650.7
1,464.3
2,806.0
113.16
4,934.7
662.6
1,464.0
2,808.9
113.30
4,948.9
667.6
1,463.9
2,818.2
113.32
4.3
3.8
3.9
3.9
3.3
3.7
4.2
4.1
4.3
4.3
3.3
3.6
3.7
3.6
3.9
4.1
156.6
157.8
158.3
157.7
Percent change from preceding period
Personal income current dollars
Disposable personal income:
Current dollars
Chained (1992) dollars
Personal consumption expenditures:
Current dollars
Chained (1992) dollars
5.6
5.8
0.6
0.7
0.5
0.7
0.6
0.2
0.3
0.6
0.1
0.6
0.3
0.5
0.7
0.4
4.7
2.3
5.0
2.9
.5
.3
.6
.4
.5
.4
.6
.3
.5
.4
.2
.1
.2
.3
.5
.4
.1
-.1
.5
.5
.3
.2
.5
.4
.7
.6
.5
.4
5.0
2.6
5.4
3.3
.3
.1
.6
.5
1.1
1.0
.2
0
.5
.4
1.2
1.0
.1
.1
.2
0
.6
.5
.4
.3
.3
.3
p Preliminary.
r
Revised.
1. Disposable personal income in chained (1992) dollars equals the current-dollar figure divided by the implicit
price deflator for personal consumption expenditures.
0
0
.2
.1
0
0
2. Monthly estimates equal personal saving for the month as a percentage of disposable personal income for
that month.
Source: U.S. Department of Commerce, Bureau of Economic Analysis,
D-28 • National Data
SURVEY OF CURRENT BUSINESS
February 1998
Annual Estimates:
Except as noted, these tables are derived from the NIPA tables published in the August 1997 SURVEY OF CURRENT
BUSINESS; they are consistent with the most recent comprehensive and annual revisions.
Table B.3.—Gross Domestic Product by Industry, Current-Dollar and Real Estimates for 1994-96
Billions of dollars
1994
Gross domestic product
Private industries
Agriculture, forestry and fishing
Farms
. .
Agricultural services, forestry and fishing
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals except fuels
Construction
1995
1996
1994
1995
6,013.5 6,301.3 6,639.8 5,763.6 5,921.4 6,094.1
119.2
111.0
129.8
119.1
111.4
111.7
83.5
35.7
73.5
37.5
89.4
40.5
84.9
34.9
74.2
37.0
75.5
37.6
94.9
99.8
113.6
6.8
102.5
5.7
108.4
5.5
101.9
6.3
15.5
72.2
15.7
77.7
16.6
69.4
10.1
5.9
6.8
12.3
71.0
9.2
9.6
12.3
84.4
10.2
268.7
286.4
306.1
9.2
9.5
249.8
254.1
264.3
Manufacturing
1,216.1 1,286.3 1,332.1 1,193.2 1,273.7 1,323.7
679.2 716.8 749.0 671.3 731.2 785.5
Durable goods
38.4
33.6
40.7
41.4
29.8
31.6
Lumber and wood products
18.7
18.8
19.4
20.5
18.0
18.5
Furniture and fixtures
27.7
32.7
29.1
30.7
27.0
28.8
Stone, clay, and glass products
44.4
46.8
45.0
52.0
50.6
Primary metal industries
46.3
89.7
98.2
84.5
94.0
84.2
89.5
Fabricated metal products
. .
122.3 142.4 150.2 131.5 164.5 186.1
Industrial machinery and equipment
Electronic and other electric equipment ... 132.9 134.0 143.8 145.8 175.6 217.4
79.3
76.1
87.4
87.3
85.1
78.0
Motor vehicles and equipment
49.7
47.6
43.8
44.5
49.5
46.9
Other transportation equipment
48.7
49.7
52.3
45.1
42.6
38.3
Instruments and related products
22.8
22.2
24.6
21.5
23.3
Miscellaneous manufacturing industries ...
24.3
Nondurable goods
536.9 569.5 583.1 522.0 543.2 541.0
109.6 118.7 122.6 106.5 120.9 112.9
Food and kindred products
22.3
24.3
23.9
Tobacco products
16.3
17.6
18.1
25.4
25.4
27.3
26.6
Textile mill products
23.6
25.5
28.2
26.6
28.3
28.5
27.3
26.9
Apparel and other textile products
45.4
57.1
52.1
47.3
51.3
59.9
Paper and allied products
90.4
77.5
Printing and publishing
85.0
78.0
74.3
86.0
157.8 131.2 138.9 142.2
Chemicals and allied products
140.6 155.9
30.2
27.6
32.2
30.4
30.1
33.8
Petroleum and coal products
49.7
45.4
48.2
44.4
50.9
46.1
Rubber and miscellaenous plastics
5.2
4.7
4.7
4.5
4.8
5.1
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit ....
Transoortation bv air
Pipelines, except natural gas
598.7
219.9
622.4
228.7
645.3
235.1
584.1
214.3
593.8
216.0
608.9
220.8
24.2
11.4
95.0
10.9
51.7
24.5
12.4
97.5
10.8
54.9
25.3
13.6
92.2
11.2
63.2
25.9
11.0
88.7
10.8
51.4
27.7
12.0
87.4
11.0
49.8
31.0
12.2
80.3
10.7
59.0
4.6
5.7
5.5
4.8
5.4
5.0
1. The current-dollar statistical discrepancy equals gross domestic product (GDP) measured as the sum of expenditures less gross domestic income—that is, GDP measured as the costs incurred and profits earned in domestic
production. The chained (1992) dollar statistical discrepancy equals the current-dollar discrepancy deflated by the
implicit price deflator for gross domestic product.
2. Equals GDP in chained (1992) dollars less the statistical discrepancy and the sum of GPO of the detailed
industries.
1994
1996
6,947.0 7,265.4 7,636.0 6,610.7 6,742.1 6,928.4
13.1
66.7
Billions of dollars
Billions of chained
(1992) dollars
Transportation services
Communications .
Telephone and telegraph
Radio and television
Electric oas and sanitary services
Wholesale trade
Retail trade
22.1
184.6
142.1
42.5
194.2
1995
1996
Billions of chained
(1992) dollars
1994
1995
1996
23.0
24.0
21.7
23.2
24.0
191.6
144.1
200.3
149.6
176.9
137.9
178.4
136.4
181.6
141.2
47.5
50.6
38.8
41.7
40.4
202.0
210.0
193.1
199.6
207.0
468.0 484.4
516.8
448.6
457.5
493.3
615.3
667.9
601.2
622.5
648.5
637.6
Finance, insurance, and real estate
Depository instituions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and services
Real estate
Nonfarm housino services
Other real estate
Holdino and other investment offices
1,267.6 1,361.3 1,448.5
207.4 229.6 247.4
Services
Hotels and other lodging places
Personal services
Business services
Auto repair services and parking
Miscellaneous repair services
Motion pictures .
Amusement and recreation services
Health services
Legal services
Educational services
Social services
Membership organizations . . .
Other services
Private households
1,350.4 1,440.3 1,539.5
36.1
78.5
39.0
79.5
49.9
90.0
108.8
126.5
136.6
45.0
47.1
50.4
802.9
607.3
195.6
-11.1
842.7
642.8
199.9
886.2
673.3
212.9
-12.0
-3.2
1,196.9 1,231.1 1,258.5
197.0 193.4 192.0
33.9
83.0
91.3
41.6
32.6
81.9
35.4
92.2
105.1
110.1
42.1
43.6
758.3
573.3
185.0
775.6
587.9
187.7
793.3
596.8
196.6
12.9
12.6
12.6
1,256.5 1,298.8 1,342.9
57.4
45.8
60.6
46.6
63.7
49.1
54.4
42.6
55.4
42.4
55.8
43.3
256.0
283.3
318.5
247.1
271.3
295.7
59.3
19.2
23.0
51.4
61.1
20.7
25.9
56.2
65.0
22.5
29.9
60.8
53.3
16.7
21.8
47.5
53.3
17.0
23.9
49.7
55.3
15.9
26.2
51.6
410.2
428.9
371.6
376.6
96.5
55.1
46.7
47.0
447.0
100.0
369.7
93.8
52.3
43.2
45.1
58.2
49.3
48.9
86.0
48.9
41.6
42.1
85.5
49.6
43.7
42.5
85.1
50.7
44.9
43.1
182.6
199.9
215.2
175.4
184.6
192.9
11.0
11.8
11.5
10.4
10.8
10.1
14.6
-28.2
-59.9
13.9
-26.3
-54.7
933.5
964.1
OQfi 1
99O.O
878.3
877.4
874.1
Federal
General government
Government enterprises
324.9
275.2
326.2
275.5
331.5
281.4
306.9
258.4
297.1
248.1
290.6
240.9
49.7
50.7
50.2
48.6
49.0
49.7
State and local
General government
Government enterprises
608.6
557.5
637.9
583.4
664.7
607.6
571.3
524.2
51.1
54.5
57.1
Statistical discrepancy
Government
Not allocated by industry 2
47.1
580.3 583.4
532.2 535.2
48.0
48.2
-$0.4 -S7.9 -101.1
NOTE—Estimates are based on the 1987 Standard Industrial Classification. The table is derived from tables 7
and 10 in "Gross Product by Industry, 1947-96" in the November 1997 SURVEY OF CURRENT BUSINESS.
National Data • D-29
SURVEY OF CURRENT BUSINESS
February 1998
Table B.4.—Personal Consumption Expenditures by Type of Expenditure
Billions of dollars
1994
Personal consumption expenditures
Food and tobacco
Food purchased for off-premise consumption (n.d.)
Purchased meals and beverages ' (n d )
Food furnished to employees (including military) (n.d.)
Food produced and consumed on farms (n d )
Tobacco products (n.d.)
Addenda: Food excluding alcoholic beverages (n.d.)
Alcoholic beverages purchased for off-premise
consumption (n.d.)
Other alcoholic beverages (n d )
Clothing, accessories, and jewelry
Shoes (n.d.)
Clothing and accessories except shoes2
Women's and children's (n.d.)
Men's and boys' (n.d.)
Standard clothing issued to military personnel (n. d)
Cleaning, storage, and repair of clothing and shoes (s.) ...
Jewelry and watches (d.)
Other* (s.)
Personal care
Barbershops, beauty parlors, and health clubs (s.)
Housing
Owner-occupied nonfarm dwellings space rent4 (s.)
Tenant-occupied nonfarm dwellings rent5 (s)
Rental value of farm dwellings (s )
Other6 (s)
..
Household operation
Furniture, including mattresses and bedsprings (d.)
Kitchen and other household appliances' (d)
China glassware tableware and utensils (d )
Other 'durable house furnishings8 (d)
Semidurable house furnishings9 (n.d.)
Cleaning and polishing preparations, and miscellaneous
household supplies and paper products (n d)
Stationery and writing supplies (n d )
Household utilities
Electricity (s )
Gas (s )
Water and other sanitary services (s )
Fuel oil and coal (n d )
Telephone and telegraph (s )
Domestic service (s )
Other 10 (s )
Medical care
Drug preparations and sundriesn (n d )
Ophthalmic products and orthopedic appliances (d.)
Physicians (s )
Dentists (s )
Other professional services 12 (s )
Hospitals and nursing homes'^
Hospitals
Nonprofit (s.)
Proprietary (s.)
...:
Government (s.)
Nursing homes (s )
...
. . . .
Health insurance
Medical care15 hospitalization 14 (s )
and
Income loss (s.)
Workers' compensation16 (s.)
1995
1996
4,717.0 4,957.7
761.7
451.6
254.3
8.1
783.8
462.2
264.1
8.4
Billions of dollars
Billic ns of chained
H
992) dollars
1994
1995
805.7
478.4
268.7
8.7
735.0
434.5
245.1
7.8
1994
737.9
433.4
248.7
7.9
4,714.1
736.5
434.7
246.6
8.0
.4
47.3
48.7
49.6
47.2
47.4
46.8
633.6
652.0
669.9
608.7
610.2
608.7
53.9
27.0
54.9
28.2
57.3
28.9
53.7
25.6
54.5
25.9
55.5
25.7
312.7
323.4
336.3
308.5
321.8
335.3
36.0
36.8
38.1
35.7
36.6
37.6
211.6
137.5
217.7
141.3
226.0
145.8
211.2
137.0
220.6
144.2
229.9
150.7
74.1
76.4
79.2
74.1
n!e
76.4
.3
80.2
.3
.3
.3
.3
12.3
39.3
17.1
12.3
41.6
18.1
11.0
35.6
14.7
11.5
36.8
16.0
11.3
39.7
16.6
45.3
23.0
71.9
47.2
24.7
75.7
49.9
25.7
65.5
43.7
21.8
67.9
45.0
22.9
70.1
47.0
23.0
712.7
507.0
174.0
5.8
750.3
532.2
184.6
5.9
787.2
558.3
193.6
6.1
674.3
479.6
165.2
5.2
688.2
487.2
171.1
5.2
700.2
495.3
174.9
5.1
37.7
15.6
68.4
26.0
27.5
29.1
24.3
24.8
25.0
535.0
562.8
591.9
514.5
533.6
548.4
45.9
25.6
24.0
52.3
27.2
48.0
27.2
25.3
54.5
28.9
49.6
27.8
27.4
58.2
30.1
43.2
25.0
23.5
51.4
25.7
44.2
26.6
25.0
53.1
26.9
44.6
27.1
26.9
56.1
28.2
50.8
15.1
52.3
15.8
54.5
17.0
50.2
14.4
50.0
14.4
50.6
14.8
163.8
168.5
177.9
156.3
159.4
163.1
84.2
32.4
36.6
10.5
82.6
11.9
35.8
88.0
31.5
38.8
10.2
90.2
12.8
39.4
90.3
34.9
41.1
11.6
96.9
12.5
40.1
82.6
30.0
33.0
10.7
79.6
11.2
34.2
84.3
30.7
33.8
10.5
86.6
11.7
35.9
85.2
32.7
34.6
10.6
91.1
11.0
35.3
826.1
871.6
912.8
751.0
766.2
782.4
81.6
12.9
85.7
13.1
90.9
13.9
76.7
12.3
79.1
12.2
81.7
12.6
180.0
191.4
196.5
162.4
166.1
169.3
43.9
95.7
47.6
50.9
110.2
394.2
325.1
217.3
41.1
95.6
42.0
99.1
357.0
298.1
200.2
104.4
375.9
310.6
207.9
39.8
89.2
331.5
276.9
187.8
336.6
278.5
188.2
343.1
284.4
191.8
32.1
65.8
58.9
55.0
42.9
34.5
68.2
65.2
53.6
40.7
29.2
59.9
54.6
40.0
36.6
30.3
60.0
69.1
56.3
41.8
58.1
37.5
35.2
31.9
60.7
58.7
36.9
34.7
2.7
9.4
2.9
10.0
37.1
70.7
3.2
11.3
2.4
2.3
2.5
1.8
2.6
1.8
1. Consists of purchases (including tips) of meals and beverages from retail, service, and amusement establishments, hotels, dining and buffet cars, schools, school fraternities, institutions, clubs, and industrial lunchrooms. Includes meals and beverages consumed both on-and off-premise.
2.. Includes luggage.
s of
3. Consists o watch, clock, and jewelry repairs, costume and dress suit rental, and miscellaneous personal services..
4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting fixtures, kitchen cabinets, linoleum, storm windows and doors, window screens, and screen doors, but excludes rent for appliances and
furniture and purchases of fuel and electricity.
5. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture.
6. Consists of transient hotels, motels, clubs, schools, and other group housing.
7. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, room air conditioners, sewing machines, vacuum cleaners, and other appliances.
8. Includes such house furnishings as floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors,
art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools.
9. Consists largely of textile house furnishings, including piece goods allocated to house furnishing use. Also
includes lamp shades, brooms, and brushes.
10. Consists of maintenance services for appliances and house furnishings, moving and warehouse expenses,
postage and express charges, premiums for fire and theft insurance on personal property less benefits and dividends, and miscellaneous household operation services.
11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services.
12. Consists of osteopathic physicians, chiropractors, private duty nurses, chiropodists, podiatrists, and others providing health and allied services, not elsewhere classified.
13. Consists of (1) current expenditures (including consumption of fixed capital) of nonprofit hospitals and nursing
homes, and (2) payments by patients to proprietary and government hospitals and nursing homes.
14. Consists of (1) premiums, less benefits and dividends, for health, hospitalization, and accidental death and
dismemberment insurance provided by commercial insurance carriers, and (2) administrative expenses (including consumption of fixed capital) of Blue Cross and Blue Shield plans and of other independent prepaid and self-insured
health plans.
15. Consists of premiums, less benefits and dividends, for income loss insurance.
16. Consists of premiums, less benefits and dividends, for privately administered workers' compensation.
17. Consists of (1) operating expenses of life insurance carriers and private noninsured pension plans, and (2)
premiums, less benefits and dividends, of fraternal benefit societies. Excludes expenses allocated by commercial
carriers to accident and health insurance.
18. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associations, employment agency fees, money order fees, spending for classified advertisements, tax return preparation
services, and other personal business services.
19. Consists of premiums, less benefits and dividends, for motor vehicle insurance.
20. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, and airport bus fares.
21 . Consists of admissions to professional and amateur athletic events and to racetracks.
1995
1996
1994
1995
1996
Personal business
Brokerage charges and investment counseling (s )
Bank service charges, trust services, and safe deposit
box rental (s )
Services furnished without payment by financial
intermediaries except life insurance carriers and private
noninsured pension plans (s.)
370.4
389.1
421.1
352.1
350.7
363.6
36.2
38.8
47.2
37.8
41.8
50.0
31.6
33.9
37.3
27.5
27.8
28.9
151.5
159.8
169.9
146.5
141.9
143.9
72.6
Legal services (s )
Funeral and burial expenses (s )
Other18 (s)
Transportation
User-operated transportation
New autos (d )
Net purchases of used autos (d )
Other motor vehicles (d )
Tires, tubes, accessories, and other parts (d.)
Repair, greasing, washing, parking, storage, rental, and
leasing (s.)
Gasoline and oil (n d )
48.8
11.1
18.5
75.4
49.1
12.2
68.1
45.3
10.1
17.1
67.9
44.0
10.5
17.6
68.5
45.2
10.4
18.7
1996
5,207.6 4,486.0 4,595.3
Billions of chained
(1992) dollars
Insurance 19 (s.)
Purchased local transportation
Mass transit systems (s )
Taxicab (s )
Purchased intercity transportation
Railway (s)
Bus (s )
Airline2i)(s)
Other (s)
Recreation
Books and maps (d )
Magazines, newspapers, and sheet music (n.d.)
Nondurable toys and sport supplies (n d )
Wheel goods, sports and photographic equipment, boats,
and pleasure aircraft (d.)
Video and audio products, computing equipment, and
musical instruments (d.)
Radio and television repair (s )
Flowers seeds, and potted plants (n.d )
Admissions to specified spectator amusements
Motion picture theaters (s )
Legitimate theaters and opera, and entertainments of
nonprofit institutions (except athletics) (s.)
Spectator sports21 (s)
Clubs and fraternal organizations22 (s.)
Commercial participant amusements (s)
Pari-mutuel net receipts (s )
Other24 (s)
Education and research
Higher education 25 (s )
. ..
Nursery, elementary, and secondary schools26 (s.)
Other27 (s)
Religious and welfare activities28 (s.)
Foreion travel and other net
19.9
79.9
52.2
12.8
21.8
542.2
502.6
572.3
530.1
602.2
557.7
515.3
476.6
528.0
487.8
540.3
497.7
91.2
44.1
76.8
34.5
87.1
52.4
79.4
35.8
86.1
55.3
82.1
37.9
86.2
37.5
71.4
80.6
40.8
71.7
78.2
42.1
35.1
36.2
72.5
38.3
116.4
109.4
2.6
128.7
114.4
2.8
140.1
122.6
2.9
108.5
109.8
2.4
116.5
113.1
2.4
123.3
114.1
2.5
27.5
29.4
30.9
10.1
25.6
26.0
26.2
8.9
5.9
3.0
30.7
.7
1.1
25.8
9.2
6.0
3.2
33.0
.8
1.3
27.7
6.6
3.5
34.4
.8
1.3
28.2
8.6
5.7
2.9
30.1
.7
1.1
25.5
8.5
5.5
3.0
31.7
.7
1.4
26.8
8.5
5.6
3.0
34.2
.7
1.4
28.8
3.2
3.3
4.0
2.8
2.8
3.3
370.2
402.5
431.1
365.2
395.7
424.4
20.6
24.5
39.7
22.1
25.5
42.2
23.2
26.5
45.4
19.6
22.9
38.9
20.6
22.9
41.4
20.8
22.7
43.9
35.6
39.1
42.0
34.8
37.7
40.3
78.5
85.2
89.7
87.4
101.8
4.5
119.5
4.5
13.2
18.2
18.9
4.5
13.4
19.0
4.9
13.9
20.2
5.1
14.9
22.1
4.2
13.4
17.8
5.6
6.0
6.3
5.2
5.4
8.2
5.2
8.7
5.5
9.3
6.4
7.7
4.9
7.9
5.0
11.8
36.2
3.3
12.7
41.5
3.3
13.0
46.2
3.5
11.2
34.1
3.1
11.5
38.0
3.1
14.4
5.4
8.0
5.5
11.8
41.1
3.1
83.1
91.9
99.6
79.1
85.5
89.3
104.7
112.2
119.6
62.2
65.2
24.0
30.3
99.4
53.7
22.8
27.2
96.8
53.1
20.4
23.4
102.7
59.0
21.4
24.4
20.8
25.0
54.0
21.7
27.2
Residual
139.8
150.5
125.6
128.6
136.6
-22.1
-26.5
-16.2
-19.5
-21.5
50.1
Expenditures abroad by U. S. residents (n.d.)
Less: Expenditures in the United States by nonresidents
(s)
Less: Personal remittances in kind to nonresidents (n.d.)
131.2
-18.3
51.9
48.8
48.9
50.8
2.7
69.7
1.4
2.6
75.2
1.4
54.9
2.6
82.7
1.2
2.8
66.4
1.3
-5.7
2.4
69.5
1.3
-10.6
2.4
73.5
1.1
-17.8
22. Consists of dues and fees excluding insurance premiums.
23. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement
devices and parks; golf courses; sightseeing buses and guides; private flying operations; casino gambling; and other
commercial participant amusements.
24. Consists pf net receipts of lotteries and expenditures for purchases of pets and pet care services, cable
TV, film processing, photographic studios, sporting and recreation camps, video cassette rentals, and recreational
services, not elsewhere classified.
25. For private institutions, equals current expenditures (including consumption of fixed capital) less receiptssuch as those from meals, rooms, and entertainments-accounted for separately in consumer expenditures, and
less expenditures for research and development financed under contracts or grants. For government institutions,
equals student payments of tuition.
26. For private institutions, equals current expenditures (including consumption of fixed capital) less receiptssuch as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures. For government institutions, equals student payments of tuition. Excludes child day care services, which are included in
religious and welfare activities.
27. Consists of (1) fees paid to commercial, business, trade, and correspondence schools and for educational
services, not elsewhere classified, and (2) current expenditures (including consumption of fixed capital) by research
organizations and foundations for education and research.
28. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious, social welfare, foreign relief, and political organizations, museums, libraries, and foundations. The expenditures are
net of receipts-such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and excludes relief payments within the United States and expenditures by foundations for education
and research. For proprietary and government institutions, equals receipts from users.
NOTES.—Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.).
Estimates of foreign travel by U. S. residents (line 108) expenditures were $0.3 billion in 1981. Beginning with
1984, estimates of foreign travel by U. S. residents include substantially improved estimates of U. S. residents'
foreign travel and passenger fare expenditures. Estimates of expenditures in the United States by nonresidents (line
110) include, beginning with 1981, nonresidents' student and medical care expenditures in the United States. Student
expenditures were $2.2 billion, and medical expenditures were $0.4 billion in 1981. Beginning with 1984, estimates
of expenditures in the United States by nonresidents include substantially improved estimates of nonresidents' travel
expenditures. Expenditures in the United States by nonresidents are subtracted from total personal consumption expenditures (line 110) because they are included in detailed type of expenditure estimates elsewhere in personal
consumption expenditures.
Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes
uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The
residual line is the difference between the first line and the sum of the most detailed lines.
SURVEY OF CURRENT BUSINESS
D-30 • National Data
Table B.5.—Private Purchases of Structures by Type
Billions of dollars
New .. . .
. .
Farm . . .
Mining exploration, shafts, and wells
Petroleum and natural gas
Other
Other4
Brokers' commissions on sale of
structures
Net purchases of used structures
Residential
New .. . .
New housing units
Permanent site
Single-family structures
Multifamily structures
Mobile homes
Improvements
Other5
Brokers' commissions on sale of
structures
Net purchases of used structures
Residual
1996
463.6
478.4
200.6
184.3
Nonresidential buildings, excluding farm
Industrial
Commercial
Office 2buildings!
Other
Religious
Educational
Hospital and institutional
Other3
Utilities
Railroads . ..
Telecommunications
Electric light and power
Gas
Petroleum pipelines
1995
184.5
Private purchases of structures
Nonresidential
200.2
Table B.6.—Private Purchases of Producers' Durable Equipment by Type
Billions of dollars
Billions of chained
(1992) dollars
1994
1994
1995
517.0
432.8
430.0
453.7
215.2
172.5
179.9
188.7
172.2
179.5
188.2
125.5
140.8
156.1
116.9
126.1
136.7
28.9
61.9
25.8
36.1
32.5
70.8
29.8
41.0
32.1
77.6
32.1
45.5
27.0
57.7
24.1
33.6
29.1
63.4
26.7
36.7
28.1
68.0
28.2
39.8
3.5
5.2
3.8
5.6
3.9
6.6
3.8
5.6
4.2
6.2
4.4
7.5
13.7
11.6
12.5
14.5
13.4
21.1
12.7
10.8
11.2
13.0
11.7
18.5
32.0
33.2
33.3
29.9
30.0
29.3
3.3
3.5
4.6
10.1
13.0
11.0
12.3
11.9
11.0
4.6
1.0
5.5
.9
4.7
1.0
3.2
3.0
16.7
14.7
1.9
6.9
1.5
3.0
9.6
3.1
3.9
10.1
11.0
10.4
12.1
4.2
.9
5.0
.8
9.8
4.2
.9
3.7
3.0
2.7
3.2
16.3
14.8
16.1
14.8
15.8
14.0
14.3
13.0
13.9
12.7
1.5
6.9
1.3
5.7
1.8
6.6
1.3
6.3
1.1
5.0
1.6
1.8
1.4
1.5
1.6
-1.2
-1.3
-1.3
-1.2
-1.1
-1.2
279.1
277.8
301.7
260.3
250.0
265.0
248.5
246.9
267.0
230.8
220.8
233.6
177.2
167.9
153.8
174.4
163.1
145.2
192.1
179.4
159.1
162.0
153.7
140.1
153.1
143.5
126.9
165.2
154.8
136.6
14.1
20.3
12.6
74.4
13.6
16.9
8.3
9.5
71.0
17.9
11.3
72.0
68.4
18.6
10.3
67.7
.3
.5
.6
.3
36.3
-1.6
30.4
9.3
31.6
-1.0
32.1
-1.1
-.9
.3
67.3
.4
30.3
-1.0
-.1
.5
32.7
-1.4
.3
1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for
their own use.
2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings
used for commercial purposes.
3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not
elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consjsts primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories, fraternity and sorority houses, and nurses' homes.
NOTE. Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
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.
1994
1996
214.7
February 1998
Private purchases of producers' durable
equipment
1995
1996
Billions of chained
(1992) dollars
1994
1995
1996
483.0 529.6 573.7 483.5 535.2 593.1
476.1
522.4 566.2 476.8 528.3 586.0
Information processing and related equipment
Office, computing, and accounting machinery
Computers and peripheral equipment!
Other
Communication equipment
Instruments
.
. . . .
Photocopy and related equipment
152.1
172.8 195.1
Industrial equipment
Fabricated metal products
Engines and turbines
Metalworking machinery
Special industry machinery n e e
General industrial, including materials handling,
equipment
Electrical transmission, distribution, and
industrial apparatus
109.3
Transportation and related equipment
Trucks buses and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
.
118.6 125.7 134.5 113.2 118.9 125.0
Nonresidential equipment
Other equipment
Furniture and fixtures
Tractors
Agricultural machinery except tractors
Construction machinery except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n.e.c
Other
Less: Sale of equipment scrap, excluding autos
Residential equipment
59.3
51.8
73.5
65.6
7.5
7.9
52.8
22.1
17.9
59.4
22.4
17.6
165.1 201.8 253.1
73.9 108.1 164.2
67.2 102.8 160.8
9.3
7.3
7.5
9.0
88.1
78.7
65.9
23.4
17.7
121.5 127.5
62.0
21.2
16.6
69.9
21.8
16.4
105.5 113.4
117.0
10.5
11.1
11.7
10.4
10.6
4.8
4.2
4.0
4.6
4.0
3.7
24.4
26.9
28.2
31.2
29.6
32.8
23.3
25.9
26.0
29.0
26.6
29.9
23.6
25.8
28.5
22.6
24.0
26.0
19.0
20.9
20.9
18.6
19.8
19.7
55.0
48.0
8.9
1.5
5.1
99.9
25.6
9.9
9.7
12.0
63.3
42.3
12.8
68.9
45.3
13.4
1.5
5.7
1.6
5.3
106.9
113.7
28.1
10.4
10.4
13.5
30.2
10.9
10.9
14.4
50.6
47.8
11.0
56.7
43.4
11.6
61.3
45.1
11.8
1.4
5.2
1.4
4.6
96.0
24.5
100.3
104.6
26.2
9.5
9.2
9.8
9.6
27.4
10.2
11.4
12.4
8.4
1.5
4.9
9.9
13.0
1.5
1.8
2.3
1.5
1.7
2.1
13.4
10.7
16.9
14.4
10.8
17.5
15.2
11.1
18.6
13.0
10.6
16.3
13.5
10.4
16.5
14.0
10.8
17.2
3.7
4.5
4.6
3.1
3.4
3.8
6.9
7.2
7.5
Residual
Addenda:
Private purchases of producers' durable
equipment
Less' Dealers' margin on used equipment
Net purchases of used equipment from
government
Plus: Net sales of used equipment
Net exports of used equipment
Sale of equipment scrap
Equals: Private purchases of new equipment
53.7
21.2
17.3
6.7
-1.4
7.0
-10.3
7.1
-33.8
483.0 529.6 573.7
4.9
5.3
5.8
1.0
31.3
1.1
37.6
1.2
39.7
.6
.7
1.5
38
46
46
513.7 566.0 611.8
1. Includes new computers and peripheral equipment only.
NOTE. Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive.
The residual line is the difference between the first line and the sum of the most detailed lines.
n.e.c. Not elsewhere classified.
D-31
National Data
SURVEY OF CURRENT BUSINESS
February 1998
Table B.7.—Compensation and Wage and Salary Accruals by Industry
[Millions of dollars]
Total
Domestic industries
Private industries
1995
1996
4,014,482 4,217,968 4,429,472
37,011
15,588
20,303
21,423
23,234
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
32,656
2,791
6,375
19,069
4,421
32,892
3,145
6,174
18,929
4,644
33,678
3,358
5,974
19,539
4,807
182,016
193,746
209,279
792,034
486,844
23,018
14,927
21,564
36,102
56,398
95,407
816,853
505,167
23,802
15,443
22,129
37,261
58,594
100,891
72,726
61,771
47,367
44,806
Nondurable goods
Textile mill products
Apparel and other textile products
Printino and publishino
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics
products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger
transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
1995
3,256,510 3,445,117 3,636,201
31,915
13,309
34,476
14,163
17,527
18,606
20,313
26,378
2,187
4,993
15,606
3,592
26,843
2,518
4,884
15,628
3,813
27,644
2,707
4,739
16,240
3,958
147,425
157,684
172,234
839,754
521,750
24,832
15,754
22,920
37,888
60,161
105,182
625,496
379,616
18,495
11,986
17,054
26,841
44,496
76,720
651,750
398,272
19,401
12,584
17,706
27,990
46,794
82,191
675,067
416,061
20,459
12,964
18,548
28,866
48,553
86,528
77,181
65,047
46,243
45,579
80,895
65,911
47,105
47,745
58,302
42,384
36,861
35,960
62,681
44,886
36,172
37,013
66,179
46,377
37,186
39,158
12,758
305,190
59,381
2,768
19,274
21,352
32,236
58,652
63,653
10,769
12,997
311,686
61,042
2,949
18,956
20,996
32,936
60,387
65,393
10,834
13,357
318,004
62,422
3,014
18,744
20,379
33,661
62,308
67,538
10,738
10,517
245,880
47,614
2,062
15,840
17,442
26,230
48,193
50,743
7,796
10,854
253,478
49,527
2,215
15,697
17,322
27,058
50,087
52,582
7,837
11,243
259,006
50,746
2,268
15,544
16,816
27,672
51,718
54,41 1
7,791
34,133
2,972
35,322
2,871
36,478
2,722
27,527
2,433
28,784
2,369
29,803
2,237
265,575
144,649
15,346
276,517
150,664
15,313
287,023
156,924
15,525
211,840
113,626
11,249
221,770
119,110
11,271
231,072
124,815
11,422
8,911
63,763
7,757
34,424
1,126
13,322
9,374
66,914
7,843
35,714
1,051
14,455
10,101
60,838
7,895
46,492
1,007
15,066
7,292
49,750
6,238
27,189
929
10,979
7,731
52,594
6,323
28,339
869
11,983
8,381
47,040
6,429
38,220
829
12,494
39,619
16,385
29,852
12,325
1. Consists of museums, botanical, zoological gardens; engineering and management services; and services, not
elsewhere classified.
2. Includes Coast Guard.
3. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily in the United States.
Wage and salary accruals
1994
1996
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
3,213,814 3,392,629 3,574,191 2,654,320 2,822,137 2,993,607
34,780
14,477
Instruments and related products
Miscellaneous manufacturing
1994
4,012,002 4,215,434 4,426,912 3,254,030 3,442,583 3,633,641
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and
fishing
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment ...
Electronic and other electric
equipment
Motor vehicles and equipment
Compensation
Wage and salary accruals
Compensation
1994
1995
1996
1994
1995
1996
67,070
51,679
15,391
53,856
71,112
53,701
17,411
54,741
75,153
56,202
18,951
54,946
55,320
42,517
12,803
42,894
58,933
44,315
14,618
43,727
62,279
46,361
15,918
43,978
Wholesale trade .
259,828
276,202
289,438
217,964
234,467
246,452
Retail trade
365,722
383,120
399,951
313,776
329,936
345,994
Finance, insurance, and real estate ....
Depository institutions
Nondepository institutions
Security and commodity brokers
310,211
77,101
21,474
53,798
70,378
324,894
80,243
21,677
59,450
72,737
350,180
83,793
25,089
68,973
75,871
260,045
62,949
18,087
46,857
58,148
273,124
65,664
18,317
51,967
60,125
296,112
69,013
21,223
60,688
63,079
29,514
41,284
16,662
31,008
42,182
17,597
32,828
44,906
18,720
25,039
34,567
14,398
26,384
35,442
15,225
28,031
37,910
16,168
Services .
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services ...
Health services
Legal services
Educational services
Social services and membership
organizations
Social services
Membership organizations
Other services'
Private households
970,992 1,051,394 1,125,269
35,886
34,231
37,676
23,495
22,439
24,609
193,888
221,473
168,265
27,830
25,924
30,388
11,247
10,222
12,103
16,837
18,956
14,426
31,264
34,526
37,235
325,041
344,680
359,179
58,333
60,452
56,886
51,755
54,601
49,079
821,544
28,966
19,383
142,292
22,053
8,709
12,224
26,179
271,678
48,407
41,294
894,648
30,557
20,405
165,300
23,824
9,650
14,399
29,150
289,564
49,761
43,697;
964,556
32,322
21,518
190,526
26,212
10,455
16,289
31,764
303,790
51,905
46,503
86,121
42,375
43,746
136,059
11,035
91,565
45,862
45,703
149,531
11,821
95,877
48,350
47,527
161,263
11,457
73,364
35,109
38,255
116,205
10,790
78,346
38,282
40,064
128,432
11,563
82,749
40,766
41,983
139,316
11,207
Government
Federal
General government
Civilian 2
Military
Government enterprises
State and local
General government
Education
Other
Government enterprises
800,668
258,006
208,312
123,976
84,336
49,694
542,662
506,154
265,457
240,697
36,508
825,339
258,051
207,288
123,427
83,861
50,763
567,288
529,188
279,024
250,164
38,100
855,281
264,853
212,849
125,174
87,675
52,004
590,428
551,031
292,665
258,366
39,397
602,190
173,413
139,744
84,864
54,880
33,669
428,777
399,489
207,472
192,017
29,288
622,980
175,045
140,708
84,540
56,168
34,337
447,935
417,381
217,962
199,419
30,554
642,594
177,228
142,038
85,541
56,497
35,190
465,366
433,845
228,252
205,593
31,521
-2,480
1,239
3,719
-2,534
1,323
3,857
-2,560
1,338
3,898
-2,480
1,239
3,719
-2,534
1,323
3,857
-2,560
1,338
3,898
Insurance agents, brokers, and
service
Real estate
Holding and other investment offices
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world 3
Addenda:
Households and institutions
Nonfarm business
331,760
346,034
312,741
2,972,798 3,134,144 3,303,173
NOTE.—Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
Compensation equals wage and salary accruals plus supplements to wages and salaries. "Supplements" are listed
in table 8.15 of the August 1997 SURVEY OF CURRENT BUSINESS.
SURVEY OF CURRENT BUSINESS
D-32 • National Data
February 1998
Table B.8.—Employment by Industry
[Thousands]
Full-time and part-time
employment
1994
1996
1994
1995
. . . .
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Manufacturing
Durable goods
Furniture and fixtures
Stone clay and class products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics
products
Leather and leather products
TransDortation and oublic utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Truckino and warehousino
Water transportation
Transportation by air
Pipelines except natural gas
124,602
126,992
118,560
121,370
123,666
122,258
Domestic industries
125,171
127,543
119,042
121,858
124,151
100,326
103,195
105,596
100,750
103,531
105,947
1,936
840
1,096
2,004
868
1,136
2,069
860
1,209
3,148
1,791
1,357
3,199
1,810
1,389
3,300
1,818
1,482
606
49
113
339
105
587
52
106
321
108
583
54
99
321
109
607
49
110
345
103
590
52
103
327
108
586
54
97
327
108
5,197
5,383
5,669
6,406
6,654
6,954
18,428
10,507
776
505
535
697
1,396
2,000
1,582
900
852
860
404
7,921
1,683
43
681
982
693
1,566
1,056
147
18,592
10,722
790
512
542
708
1,443
2,069
1,626
969
817
841
405
7,870
1,688
42
664
946
692
1,570
1,039
143
18,574
10,834
801
506
547
709
1,452
2,115
1,658
967
820
855
404
7,740
1,697
42
629
874
682
1,565
1,032
139
18,445
10,584
835
515
544
693
1,390
1,996
1,573
895
850
853
440
7,861
1,654
43
676
998
686
1,551
1,039
145
18,613
10,802
857
525
550
701
1,441
2,083
1,616
952
816
834
427
7,811
1,659
42
661
952
686
1,560
1,032
142
18,577
10,911
858
521
558
707
1,446
2,100
1,653
960
819
850
439
7,666
1,664
42
631
881
677
1,536
1,024
138
954
116
978
108
981
99
951
118
967
110
971
102
6,060
3,834
233
407
1,843
179
750
17
6,175
3,962
232
420
1,916
178
778
15
6,292
4,063
224
440
1,658
177
1,119
14
6,045
3,922
220
437
1,977
175
704
17
6,176
4,048
220
431
2,054
178
731
15
6,318
4,182
212
444
1,854
174
1,050
14
1. Equals the number of full-time equivalent employees (table 6.5) plus the number of self-employed persons
(table 6.7). Unpaid family workers are not included.
2. Consists of museums, botanical, zoological gardens; engineering and management services; and services, not
1994
1996
121,695
Total
Private industries
1995
Full-time and part-time
employment
Persons engaged in
production '
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Wholesale trade
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate . ..
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services ..
Social services and membership
o ga zaions
'""f"
Other services*
Private households
Government
Federal
General government
Civilian 3
Military
Government enterprises
State and local
General government
Education . . .
.
Other
Government enterprises
Rest of the world4
423
1,307
915
392
906
1996
431
1,347
936
411
882
1994
392
1,192
844
348
931
1995
419
1,219
851
368
909
1996
434
1,258
873
385
878
6,235
Finance, insurance, and real estate
if-
1995
6,475
6,558
6,324
6,559
6,589
21,159
Retail trade
u ^J
405
1,293
916
377
933
Persons engaged in
l
production
21,867
22,256
18,897
19,476
19,866
7,021
2,068
488
543
1,522
723
1,422
255
6,926
2,023
463
554
1,497
732
1,410
247
7,051
2,018
513
582
1,503
746
1,441
248
7,251
1,973
485
592
1,468
853
1,635
245
7,216
1,937
466
622
1,449
856
1,648
238
7,315
1,923
506
648
1,447
873
1,680
238
33,684
1,712
1,276
6,352
1,075
350
458
1,421
9,318
1,059
2,024
35,186
1,754
1,300
6,935
1,132
374
506
1,519
9,568
1,056
2,075
36,544
1,791
1,317
7,484
1,205
389
553
1,593
9,809
1,063
2,141
33,627
1,549
1,725
6,538
1,338
568
498
1,264
8,677
1,184
1,860
35,048
1,587
1,776
7,109
1,362
591
543
1,327
8,903
1,173
1,915
36,442
1,625
1,805
7,664
1,480
573
583
1,420
9,168
1,147
1,986
4,478
2,328
2,150
2,877
1,284
4,637
2,454
2,183
3,049
1,281
4,760
2,534
2,226
3,193
1,246
4,351
2,563
1,788
3,254
821
4,504
2,689
1,815
3,439
819
4,623
2,772
1,851
3,572
796
21,932
5,720
4,748
2,100
2,648
972
16,212
15,295
8,220
7,075
917
21,976
5,560
4,573
2,026
2,547
987
16,416
15,485
8,389
7,096
931
21,947
5,357
4,366
1,952
2,414
991
16,590
15,655
8,542
7,113
935
18,292
4,661
3,867
2,052
1,815
794
13,631
12,754
6,635
6,119
877
18,327
4,530
3,725
1,984
1,741
805
13,797
12,910
6,770
6,140
887
18,204
4,368
3,562
1,912
1,650
806
13,836
12,945
6,791
6,154
891
-563
-669
-551
-482
-488
-485
3. Includes Coast Guard.
4. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily in the United States.
NoTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
National Data • D-33
SURVEY OF CURRENT BUSINESS
February 1998
Table B.9.—Wage and Salary Accruals Per Full-Time Equivalent Employee and Full-Time Equivalent Employees by Industry
Dollars
Thousands
Dollars
Thousands
Wages and salaries per
full-time equivalent
Full-time equivalent
employees
Wages and salaries per
full-time equivalent
Full-time equivalent
employees
1994
1995
Total '
Domestic industries
1995
1996
31,032
32,121
107,996
110,935
113,125
30,020
30,919
32,006
108,478
111,423
113,610
29,432
30,314
31,378
90,186
93,096
95,406
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
17,833
17,118
18,372
18,331
17,888
18,662
18,870
18,709
18,984
1,674
720
954
1,741
744
997
1,827
757
1,070
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
44,482
44,633
45,391
47,006
35,216
46,683
48,423
47,417
49,613
36,314
48,329
50,130
48,856
51,556
37,340
593
49
110
332
102
575
52
103
315
105
572
54
97
315
106
Construction
30,191
30,453
31,649
4,883
5,178
5,442
Manufacturing
Durable goods
34,725
36,724
24,400
24,312
32,299
38,788
32,455
39,063
37,277
47,516
43,674
42,506
27,317
32,032
29,157
47,953
23,642
18,169
38,292
33,259
48,932
53,766
35,852
37,751
25,131
25,068
33,345
40,100
32,954
40,093
39,005
47,248
44,712
44,810
28,192
33,226
30,163
52,738
24,002
18,828
39,558
34,543
51,200
55,190
37,165
39,030
26,162
26,085
34,799
41,003
34,072
41,761
40,279
48,410
45,683
46,451
28,902
34,516
30,681
54,000
24,950
19,877
40,935
35,791
53,344
56,457
18,013
10,337
758
493
528
692
1,371
1,964
1,564
892
844
846
385
7,676
1,633
43
670
960
685
1,449
1,037
145
18,179
10,550
772
502
531
698
1,420
2,050
1,607
950
809
826
385
7,629
1,642
42
654
920
684
1,450
1,027
142
18,164
10,660
782
497
533
704
1,425
2,072
1,643
958
814
843
389
7,504
1,654
42
623
846
676
1,445
1,020
138
29,253
21,531
29,921
22,349
30,884
23,547
941
113
962
106
965
95
37,401
31,882
51,132
19,655
28,924
37,353
38,953
54,647
38,369
32,279
51,232
20,133
29,366
37,862
39,088
57,933
39,278
32,994
53,877
20,848
30,348
38,729
36,644
59,214
5,664
3,564
220
371
1,720
167
698
17
5,780
3,690
220
384
1,791
167
725
15
5,883
3,783
212
402
1,550
166
1,043
14
Furniture and fixtures
Stone clay and glass products
Primary metal industries
Fabricated metal products
industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics
1
HIP flnri I "a'ihi'""nrnrii'lrte
Transportation and public utilities
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines except natural gas
1. Full-time equivalent employees equals the number of employees on full-time schedules plus the number of
employees on part-time schedules converted to a full-time basis. The number of full-time equivalent employees in
each industry is the product of the total number of employees and the ratio of average weekly hours per employee
for all employees to average weekly hours per employee on full-time schedules.
2. Consists of museums, botanical, zoological gardens; engineering and management services; and services, not
elsewhere classified.
1994
1995
1996
29,593
46,802
50,736
37,218
46,725
30,884
49,316
52,945
40,832
48,857
31,551
50,716
54,287
42,561
50,433
Wholesale trade
36,504
37,817
39,256
5,971
6,200
6,278
Retail trade
18,130
18,300
18,821
17,307
18,029
18,383
39,282
31,921
38,647
89,937
39,610
36,447
27,456
58,767
41,698
33,935
41,070
97,499
41,494
37,854
28,308
63,971
44,629
35,926
43,224
108,760
43,593
39,648
29,780
67,933
6,620
1,972
468
521
1,468
687
1,259
245
6,550
1,935
446
533
1,449
697
1,252
238
6,635
1,921
491
558
1,447
707
1,273
238
27,886
19,585
17,337
24,554
21,943
27,216
34,434
22,904
32,780
51,497
23,637
28,987
20,117
17,915
25,942
22,454
28,134
36,639
23,680
34,098
53,107
24,263
29,935
20,733
18,518
27,713
23,074
29,204
37,706
24,509
34,624
54,984
24,895
29,461
1,479
1,118
5,795
1,005
320
355
1,143
8,288
940
1,747
30,864
1,519
1,139
6,372
1,061
343
393
1,231
8,492
937
1,801
32,222
1,559
1,162
6,875
1,136
358
432
1,296
8,774
944
1,868
19,266
17,381
21,395
43,984
13,143
19,834
17,931
22,074
45,754
14,118
20,346
18,396
22,681
47,146
14,079
3,808
2,020
1,788
2,642
821
3,950
2,135
1,815
2,807
819
4,067
2,216
1,851
2,955
796
32,921
37,205
36,138
41,357
30,237
42,404
31,456
31,323
31,269
31,380
33,396
33,992
38,641
37,774
42,611
32,262
42,655
32,466
32,330
32,195
32,479
34,446
35,300
40,574
39,876
44,739
34,241
43,660
33,634
33,514
33,611
33,408
35,377
18,292
4,661
3,867
2,052
1,815
794
13,631
12,754
6,635
6,119
877
18,327
4,530
3,725
1,984
1,741
805
13,797
12,910
6,770
6,140
887
18,204
4,368
3,562
1,912
1,650
806
13,836
12,945
6,791
6,154
891
-482
-488
-485
1996
1994
30,131
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric QSS and sanitary services
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership
organizations
Membership organizations
Other services2
Private households
Government
Federal
General government
Civilian 3
Military
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world4
...
1994
371
1,182
838
344
918
1995
388
1,195
837
358
895
1996
396
1,228
854
374
872
3. Includes Coast Guard.
4. Beginning with 1993, incjudes estimates of foreign professional workers and undocumented Mexican migratory
workers employed temporarily in the United States.
NOTE.—Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
D-34 • National Data
SURVEY OF CURRENT BUSINESS
Table B. 10.—Farm Sector Output, Gross Product, and National Income
Billions of dollars
Farm output
Table B.11.—Housing Sector Output, Gross Product, and National
Income
Billions of chained
(1992) dollars
1994
1995
1996
202.9
197.9
219.9
Billions of dollars
1994
1995
1996
199.4
192.0
Less: Intermediate goods and services
purchased
Intermediate goods and services, other
than rent . . .
.
Rent paid to nonoperator landlords
Equ3ls\ Gross farm product
180.9
92.8
88.1
5.8
.5
4.9
10.8
9.7
1.1
193.9
106.9
204.2
111.4
87.0
92.9
5.9
.5
5.6
-7.9
-8.2
.2
6.1
.4
6.3
2.9
4.1
-1.3
178.2
188.5
179.0
88.4
89.9
96.9
91.3
1994
5.2
.5
4.8
11.7
9.2
1.2
5.2
.5
5.2
-9.2
-7.7
.3
5.1
.4
5.3
2.6
3.0
-1.5
119.4
124.4
130.6
114.7
117.6
117.3
105.3
110.0
113.7
100.7
103.4
101.2
14.1
14.3
16.8
14.0
14.2
83.5
73.5
89.4
85.0
74.2
75.5
23.7
24.7
25.6
22.4
22.8
23.2
59.8
48.8
63.8
62.9
51.3
52.2
48
5.1
5.1
6.6
6.1
6.1
61.5
14.6
12.3
49.7
15.7
13.3
64.9
16.5
14.2
2.2
2.4
Less: Intermediate goods and services
consumed
1996
1994
1995
1996
686.7
722.7
758.1
649.9
663.4
675.2
680.9
507.0
174.0
5.8
716.8
532.2
184.6
5.9
752.0
558.3
193.6
6.1
644.8
479.6
165.2
5.2
658.3
487.2
171.1
5.2
670.2
495.3
174.9
5.1
87.6
88.5
94.1
83.1
82.1
85.3
Equals'. Gross housing product
Nonfarm housing
Owner-occupied
..
. . .
Tenant-occupied
Farm housing
599.1
594.4
439.5
155.0
4.7
634.2
629.2
462.8
166.4
5.0
664.0
658.8
484.0
174.9
5.1
566.8
562.7
415.6
147.1
4.2
581.3
577.0
423.1
153.9
4.3
589.9
585.7
428.3
157.5
4.2
Less' Consumption of fixed capital
Capital consumption allowances
Less: CCAdj
120.5
114.8
118.2
112.2
103.6
104.6
60.9
59.6
62.8
-59.6
-55.1
-55.4
Equals: Net housing product
478.6
519.4
545.8
454.5
477.8
485.5
Less: Indirect business tax and nontax
liability plus business transfer payments ...
112.9
116.2
119.5
20.6
20.8
22.6
386.4
424.0
448.9
7.7
8.1
378
247
8.5
27 A
115.8
5.6
292.0
23.4
Equals: Housing national income
386
36.9
Plus: Subsidies less current surplus of
government enterprises
2.3
37.2
.9
1.2
9.4
Compensation of employees
Proprietors' income with IVA and CCAdj .
Rental income of persons with CCAdj
Corporate profits with IVA and CCAdj
Net interest
1.4
9.1
9.8
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
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.
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing
1995
16.2
Equals: Net farm product
Equals'. Farm national income
Compensation of employees
Wage and salary accruals
Supplements to wages and salaries
Proprietors' income and corporate
profits with IVA and CCAdj
Proprietors' income
Corporate profits
Net interest
Housing output
88.9
90.5
Less: Consumption of fixed capital
Less: Indirect business tax and nontax
liability
.
.. ..
Plus: Subsidies to operators
Billions of chained
(1992) dollars
193.1
1
Cash recsipts from farm marketings
Crops
Livestock
Farm housing
Farm products consumed on farms
Other farm income
Change in farm inventories
Crops
Livestock
February 1998
176
96.7
4.2
260.2
252
104.3
5.1
281.3
1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in table
B.4.
NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992
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.
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
D-35
National Data
SURVEY OF CURRENT BUSINESS
February 1998
Table B. 12.—Net Stock of Fixed Private Capital, by Type
[Yearend estimates]
Current-cost valuation (billions of dollars)
1991
Fixed private capital
Private producers' durable equipment
Nonresidential equipment
Information processing and related equipment
Office, computing, and accounting machinery
Computers and peripheral equipment
Other office equipment
Communication equipment
Instruments
Photocopy and related equipment
1992
1994
1993
1995
Chain-type quantity indexes (1992=100)
1996
1991
1992
1993
1994
1995
1996
12,955.2
13,484.1
14,198.8
15,064.5
15,738.6
16,503.4
98.49
100.00
101.94
104.15
106.67
109.58
2,570.3
2,642.7
2,742.1
2,881.7
3,050.3
3,232.9
98.37
100.00
102.74
106.62
111.68
117.63
2,519.5
2,590.0
2,686.7
2,823.1
2,989.3
3,168.9
98.39
100.00
102.72
106.61
111.70
117.69
603.2
119.0
629.0
120.7
101.0
650.4
128.3
107.9
673.8
138.5
118.0
704.0
151.2
130.4
785.4
175.7
153.9
94.86
87.31
85.14
99.35
97.21
95.09
97.52
100.00
100.00
100.00
100.00
100.00
100.00
100.00
106.40
120.18
124.20
101.27
102.41
105.34
104.27
113.96
144.51
154.49
101.08
106.50
109.32
109.02
125.25
189.31
211.49
101.82
112.84
112.73
112.00
140.31
264.83
308.42
108.04
120.39
116.19
113.98
99.38
100.79
97.84
97.48
101.47
100.38
99.14
100.53
97.65
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
101.38
100.07
102.12
102.13
102.06
100.48
101.85
100.70
102.57
103.55
100.95
104.56
104.33
106.76
102.74
104.03
102.25
105.65
106.34
101.72
105.58
104.68
114.34
106.16
107.46
104.37
109.13
108.92
102.72
105.86
104.57
118.43
109.54
109.64
107.35
112.29
98.93
98.99
97.44
97.17
103.69
101.16
100.00
100.00
100.00
100.00
100.00
100.00
102.30
105.33
100.93
102.25
98.25
99.65
106.91
115.39
109.20
100.57
95.33
100.79
111.87
127.18
113.03
101.80
92.42
102.22
116.89
139.25
117.20
103.08
89.79
102.81
100.42
96.81
100.22
96.59
102.77
102.43
103.99
103.85
104.46
110.04
103.27
94.43
99.31
93.87
98.81
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
101.19
103.04
100.43
103.21
99.71
100.28
97.68
98.79
99.09
93.67
99.38
104.87
101.98
105.20
103.18
103.29
105.84
101.74
106.12
101.34
102.61
96.85
99.07
100.51
87.79
103.02
107.43
104.43
107.77
106.40
106.07
110.10
103.22
110.55
103.25
105.11
96.65
99.89
103.15
83.85
107.46
109.26
107.35
109.47
109.34
109.92
115.18
105.88
115.79
105.60
107.84
97.69
101.40
106.11
78.91
117.36
111.42
110.74
111.49
112.59
99.5
19.5
318.9
101.4
19.7
20.4
20.6
20.9
21.8
330.8
109.9
333.0
117.9
335.3
124.1
342.7
130.6
391.5
136.2
64.0
Industrial equipment
Fabricated metal products
Engines and turbines
Steam engines
Internal combustion engines
Metalworking machinery
Special industry machinery n e e ....
General industrial, including materials handling, equipment
Electrical transmission, distribution, and industrial apparatus
Transportation and related equipment
Trucks buses and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
Other equipment
Furniture and fixtures
Household furniture
Other furniture
Tractors
Farm tractors
Construction tractors
,
Agricultural machinery except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n.e c
Household appliances
Other
Other nonresidential equipment
Residential equipment
67.5
71.2
75.8
898.3
916.8
945.7
991.4
87.7
50.8
46.0
86.7
51.8
47.1
87.0
53.2
48.2
90.3
56.8
51.5
93.5
58.4
52.5
95.7
59.7
53.5
4.8
167.1
193.4
185.7
213.6
4.7
168.8
199.4
189.0
221.0
5.0
174.4
207.5
194.9
228.7
5.4
183.0
218.2
202.5
240.5
5.9
197.0
232.1
212.5
256.7
6.3
205.8
240.0
220.8
261.6
491.2
160.6
102.5
114.4
510.0
169.1
107.6
121.2
538.9
185.5
111.7
127.1
581.2
210.1
124.6
129.2
627.2
236.8
131.1
136.2
660.5
259.6
138.0
140.3
45.5
68.2
45.1
67.1
45.6
69.0
44.7
72.7
44.3
78.8
44.4
78.3
526.8
140.0
9.0
131.0
534.2
146.1
9.1
137.0
551.8
153.8
9.4
144.4
576.6
163.0
9.7
153.3
607.7
175.0
639.4
186.2
10.1
10.5
164.9
175.7
54.1
42.3
11.8
65.4
66.7
16.7
61.0
41.5
54.1
42.4
11.7
64.9
66.0
15.3
60.3
44.6
55.1
43.2
11.9
65.6
66.8
14.6
61.0
47.2
57.2
45.1
12.1
67.1
69.6
14.0
64.5
48.9
59.1
46.8
12.3
69.9
73.2
13.8
69.2
50.3
60.9
48.2
12.7
72.2
77.1
13.3
76.7
50.9
4.5
4.7
4.6
4.9
79.4
1,050.3
5.1
37.0
81.2
40.1
83.0
42.5
87.7
44.0
92.4
45.2
97.2
50.8
52.6
55.4
58.6
61.0
82.0
1,083.6
5.2
45.7
102.1
100.00
103.36
107.18
111.01
114.80
10,841.4
11,456.7
12,182.8
12,688.3
13,270.4
98.52
100.00
101.75
103.57
105.50
107.74
4,177.2
. . . .
97.03
10,384.9
Private structures
Nonresidential structures
Nonresidential buildings excluding farm
Industrial buildings
Office buildings !
Commercial buildings
Mobile structures
Other commercial 2
Religious buildings
Educational buildings
Hospital and institutional buildings
Other
Hotels and motels
Amusement and recreational buildings
Other nonfarm buildings3
Utilities
Railroad
Telecommunications
Electric light and power
Gas
.'
Petroleum pipelines
4,302.7
4,528.9
4,775.6
4,970.8
5,163.3
98.92
100.00
101.16
102.20
103.61
105.43
2,593.9
589.7
611.2
653.7
6.4
647.4
119.7
102.6
246.2
270.8
135.6
2,686.1
613.0
625.4
678.7
6.6
672.1
123.5
108.0
259.8
277.6
139.2
2,834.9
636.2
670.1
717.2
7.2
710.1
129.4
114.7
276.7
290.6
145.9
3,011.3
673.6
707.8
765.0
7.9
757.1
136.6
123.5
297.9
307.0
153.7
3,144.1
700.7
736.5
803.8
8.3
795.5
141.4
130.2
311.6
319.9
161.0
3,299.0
725.9
767.1
855.8
8.7
847.1
146.2
138.0
325.6
340.5
173.3
98.44
98.36
98.72
98.46
98.26
98.47
99.10
97.05
96.87
99.67
99.51
98.63
101.07
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
101.38
100.17
101.51
101.96
101.54
101.97
101.10
102.47
102.72
100.79
101.03
101.25
99.84
102.97
101.44
102.54
103.93
103.27
103.94
102.06
105.40
105.71
101.88
101.79
103.20
100.73
105.02
103.03
104.24
106.63
105.36
106.64
103.23
108.64
108.08
103.76
104.25
106.83
99.60
107.92
104.54
106.37
111.20
107.95
111.24
104.47
112.77
110.59
108.01
109.82
111.45
100.81
99.44
100.93
98.21
99.61
97.56
100.12
100.00
100.00
100.00
100.00
100.00
100.00
100.59
99.08
101.66
100.86
101.42
100.18
100.76
98.22
103.71
100.77
101.99
100.25
101.29
97.42
106.33
101.20
102.88
100.00
101.73
96.92
109.22
101.28
103.23
99.92
100.00
100.00
100.00
100.00
100.00
102.10
99.14
98.97
100.48
104.32
101.29
98.31
97.82
101.99
107.95
100.48
97.36
96.76
101.92
111.30
99.14
95.89
95.21
101.14
113.37
67.8
67.4
1,032.3
266.7
181.1
410.9
136.8
70.2
68.2
1,062.0
272.4
185.3
423.8
143.1
73.7
71.0
1,1202
290.1
194.0
443.4
153.0
78.6
74.7
83.2
75.7
1 1597
294.0
204.8
459.6
160.0
1 1997
300.3
218.3
476.5
163.1
64.1
88.7
78.5
1 2364
311.1
229.9
481.8
170.4
36.8
37.5
39.6
41.2
41.5
43.2
182.0
263.8
234.7
Farm related buildings and structures
Mining exploration, shafts, and wells
Petroleum and natural gas
Other mining
Other nonfarm structures4
183.5
259.0
229.3
194.3
260.1
229.2
201.6
274.5
241.6
204.6
283.7
250.0
206.1
278.5
244.5
29.0
29.7
31.0
32.9
33.7
34.1
105.2
112.1
119.4
128.4
138.7
143.3
101.36
101.90
102.17
99.81
94.60
Residential structures
6,207.7
6,538.7
6,927.8
7,407.2
7,717.5
8,107.1
98.25
100.00
102.14
104.47
106.75
109.25
Housing units
Permanent site
1-to-4-unit
5-or-more-unit
Mobile homes
Improvements
Other residential 5
5,057.2
4,959.6
4,226.4
733.2
5,327.0
5,226.1
4,465.3
760.7
100.9
1,185.1
5,667.3
5,557.9
4,796.1
761.9
109.4
1,232.6
6,078.4
5,956.2
5,182.3
773.8
122.2
1,299.8
6,322.4
6,190.1
5,398.5
791.5
132.3
1,365.8
6,639.3
6,497.7
5,662.9
834.8
141.5
1,438.0
98.37
98.36
98.09
99.97
99.10
97.64
100.98
100.00
100.00
100.00
100.00
100.00
100.00
100.00
102.00
102.00
102.37
99.78
102.02
102.83
99.67
104.20
104.17
105.01
99.05
105.56
105.87
98.53
106.43
106.36
107.45
99.64
110.07
108.42
97.95
108.99
108.86
110.22
100.47
115.21
110.75
97.69
. . . .
.
97.6
1,124.7
25.9
26.6
1. Consists of office buildings, except those occupied by electric and gas utility companies.
2. Consists primarily of stores, restaurants, garages, service stations, warehouses, and other buildings used for
commercial purposes.
3. Consists of buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams, reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories, fraternity and sorority houses, and nurses' homes.
27.8
29.0
29.3
n.e.c. Not elsewhere classified.
29.9
D-36
SURVEY OF CURRENT BUSINESS
• National Data
February 1998
C. Historical Tables.
The tables in this section are derived from the "Summary National Income and Product Series" tables that were
published in the August 1997 issue of the SURVEY OF CURRENT BUSINESS and from the "Selected NIPA Tables"
that are published in this issue. (Changes in prices are calculated from indexes expressed to three decimal
places.)
Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases
[Quarterly estimates are seasonally adjusted at annual rates]
Percent change from preceding
per od
Billions of chained (1992) dollars
Chain-type price indexes
Implicit price deflators
Percent change from preceding period
Chain-type price index
Implicit price deflators
Gross domestic Final sales of Gross national Gross domestic Final sales of Gross domestic Gross domestic Gross domestic Gross national
domestic
Gross domestic Gross domestic Gross domestic Gross national
product
product
product
domestic
purchases
product
product
product
product
product
purchases
product
product
product
Year and
quarter
1959
2,210.2
2,206.9
2,222.0
7.4
6.5
22.95
22.44
22.95
22.96
1.0
1.0
1.0
1.0
1960
1961
1962
1963
1964
2,262.9
2,314.3
2,454.8
2,559.4
2,708.4
2,264.2
2,318.0
2,445.4
2,552.4
2,705.1
2,276.0
2,329.1
2,471.5
2,577.3
2,727.8
2.4
2.3
6.1
43
5^8
2.6
2.4
5.5
4.4
6.0
23.27
23.54
23.84
24.12
24.48
22.75
23.00
23.28
23.58
23.94
23.27
23.54
23.84
24.12
24.48
23.28
23.55
23.85
24.13
24.49
1.4
1.2
1.3
1.2
1.5
1.4
1.1
1.2
1.3
1.6
1.4
1.2
1.3
1.2
1.5
1.4
1.2
1.3
1.2
1.5
1965
1966
1967
1968
1969
2,881.1
3,069.2
3,147.2
3,293.9
3,393.6
2,860.4
3,033.5
3,125.1
3,278.0
3,377.2
2,901.4
3,087.8
3,166.4
3,314.5
3,413.3
6.4
6.5
2.5
4.7
3.0
5.7
6.1
3.0
4.9
3.0
24.95
25.66
26.48
27.64
28.94
24.39
25.07
25.83
26.95
28.21
24.96
25.67
26.49
27.64
28.94
24.97
25.68
26.50
27.66
28.96
1.9
2.8
3.2
4.4
4.7
1.9
2.8
3.0
4.3
4.7
2.0
2.8
3.2
4.4
4.7
2.0
2.8
3.2
4.4
4.7
1970
1971
1972
1973
1974
3,397.6
3,510.0
3,702.3
3,916.3
3,891.2
3,406.5
3,499.8
3,689.5
3,883.9
3,873.4
3,417.1
3,532.1
3,726.3
3,950.1
3,930.2
.1
3.3
5.5
5.8
-.6
.9
2.7
5.4
5.3
-.3
30.48
32.05
33.42
35.30
38.46
29.73
31.32
32.71
34.64
38.17
30.48
32.06
33.42
35.30
38.47
30.50
32.08
33.44
35.32
38.49
5.3
5.2
4.2
5.6
8.9
5.4
5.3
4.5
5.9
5.3
5.2
4.2
5.6
9.0
5.3
5.2
4.2
5.6
8.9
1975
1976
1977
1978
1979 .
3,873.9
4,082.9
4,273.6
4,503.0
4,630.6
3,906.4
4,061.7
4,240.8
4,464.4
4,614.4
3,903.3
4,118.8
4,314.5
4,543.7
4,687.4
-.4
5.4
4.7
5.4
2.8
.9
4.0
4.4
5.3
3.4
42.09
44.55
47.42
50.88
55.22
41.72
44.15
47.18
50.65
55.22
42.09
44.55
47.43
50.89
55.23
42.11
44.58
47.46
50.92
55.26
9.4
5.8
6.5
7.3
8.5
9.4
5.8
6.5
7.3
8.5
9.4
5.9
6.5
7.3
8.5
1980
1981
1982
1983
1984
4,615.0
4,720.7
4,620.3
4,803.7
5,140.1
4,641.9
4,691.6
4,651.2
4,821.2
5,061.6
4,670.8
4,769.9
4,662.0
4,844.8
5,178.0
-.3
2.3
4.0
7.0
.6
1.1
-.9
3.7
5.0
60.34
66.01
70.18
73.16
75.92
61.10
66.72
70.64
73.31
75.90
60.33
66.01
70.17
73.16
75.92
60.36
66.05
70.21
73.20
75.97
9.3
9.4
6.3
4.3
3.8
9.2
5.9
3.8
3.5
9.2
9.4
6.3
4.3
3.8
9.2
9.4
6.3
4.3
3.8
1985
1986
1987
1988
1989
5,323.5
5,487.7
5,649.5
5,865.2
6,062.0
5,296.9
5,480.9
5,626.0
5,855.1
6,028.7
5,346.7
5,501.2
5,658.2
5,878.5
6,075.7
3.6
3.1
2.9
3.8
3.4
4.6
3.5
2.6
4.1
3.0
78.53
80.58
83.06
86.10
89.72
78.34
80.40
83.11
86.13
89.78
78.53
80.58
83.06
86.09
89.72
78.57
80.62
83.09
86.12
89.75
3.4
2.6
3.1
3.7
4.2
3.2
2.6
3.4
3.6
4.2
3.4
2.6
3.1
3.7
4.2
3.4
2.6
3.1
3.7
4.2
1990
1991
1992
1993
1994
6,136.3
6,079.4
6,244.4
6,389.6
6,610.7
6,126.7
6,082.6
6,237.4
6,368.9
6,551.2
6,157.0
6,094.9
6,255.5
6,408.0
6,619.1
1.2
-.9
2.7
2.3
3.5
1.6
-.7
2.5
2.1
2.9
93.64
97.32
100.00
102.64
105.09
93.83
97.30
100.00
102.48
104.85
93.60
97.32
100.00
102.64
105.09
93.63
97.33
100.00
102.63
105.08
4.4
3.9
2.8
2.6
2.4
4.5
3.7
2.8
2.5
2.3
4.3
4.0
2.8
2.6
2.4
4.3
4.0
2.7
2.6
2.4
6,742.1
6,928.4
7,191.4
6,712.7
6,901.0
7,124.2
6,748.7
6,932.0
2.0
2.8
3.8
2.5
2.8
3.2
107.76
110.22
112.46
107.52
109.86
111.77
107.76
110.21
112.40
107.73
110.18
2.5
2.3
2.0
2.5
2.2
1.7
2.5
2.3
2.0
2.5
2.3
1959: I
II
III
IV
2,165.0
2,223.3
2,221.4
2,231.0
2,165.5
2,204.2
2,232.6
2,225.3
2,176.2
2,234.5
2,233.5
2,243.9
8.6
9.2
7.3
5.3
22.86
22.92
22.96
23.05
22.35
22.41
22.45
22.53
22.92
22.91
22.94
23.03
22.93
22.91
22.95
23.04
.8
1.1
.7
1.5
1.1
1.1
.7
1.5
.8
-.3
.6
1.6
.8
-.3
.6
1.6
1960: I
||
III
IV
2,279.2
2,265.5
2,268.3
2,238.6
2,248.5
2,268.4
2,265.1
2,274.7
2,291.6
2,278.2
2,281.6
2,252.7
4.2
3.6
-.6
1.7
23.10
23.21
23.32
23.44
22.57
22.69
22.80
22.92
23.13
23.22
23.32
23.40
23.14
23.23
23.33
23.41
.9
2.0
2.0
2.1
.8
2.1
2.0
2.1
1.8
1.5
1.7
1.4
1.9
1.5
1.7
1.4
1961: 1
II
III
IV
2,251.7
2,292.0
2,332.6
2,381.0
2,277.7
2,301.1
2,320.4
2,372.8
2,266.8
2,306.3
2,347.1
2,395.9
2.4
7.4
7.3
8.6
.5
4.2
3.4
9.3
23.48
23.51
23.55
23.61
22.96
22.97
23.01
23.06
23.45
23.51
23.56
23.63
23.46
23.52
23.57
23.64
.7
.5
.7
1.1
.6
.2
.7
.9
.9
1.0
.8
1.2
.9
1.0
.8
1.2
1962: 1
||
III
IV
2,422.6
2,448.0
2,471.9
2,476.7
2,400.3
2,440.7
2,462.0
2,478.7
2,437.4
2,464.4
2,488.4
2,495.9
7.2
4.3
4.0
8
4.7
6.9
3.5
2.7
23.73
23.80
23.86
23.96
23.17
23.24
23.31
23.41
23.75
23.81
23.87
23.94
23.76
23.81
23.87
23.95
2.0
1.1
1.1
1.7
1.9
1.4
1.1
1.8
2.0
1.0
1.0
1.2
2.0
1.0
1.0
1.2
1963: 1
II
Ill
IV
2,508.7
2,538.1
2,586.3
2,604.6
2,492.4
2,533.8
2,578.0
2,605.3
2,526.9
2,555.5
2,604.0
2,622.9
5.3
4.8
7.8
2.9
2.2
6.8
7.2
4.3
24.03
24.07
24.11
24.26
23.48
23.53
23.58
23.72
24.00
24.07
24.12
24.29
24.01
24.08
24.13
24.30
1.2
.6
.7
2.4
1.3
.8
.9
2.5
1.1
1.1
.8
3.0
1.1
1.1
.8
3.0
1964: 1
II
Ill
IV
2,666.7
2,697.5
2,729.6
2,739.7
2,663.1
2,695.0
2,727.6
2,734.5
2,686.8
2,716.8
2,749.5
2,758.1
9.9
4.7
4.8
1.5
9.2
4.9
4.9
1.0
24.33
24.41
24.53
24.64
23.80
23.89
23.99
24.09
24.35
24.41
24.52
24.64
24.36
24.42
24.53
24.65
1.2
1.3
1.9
1.8
1.3
1.5
1.8
1.6
.9
.9
1.8
2.1
.9
.9
1.8
2.1
1965: 1
II
Ill
IV
2,808.9
2,846.3
2,898.8
2,970.5
2,777.2
2,826.7
2,879.8
2,957.8
2,830.0
2,868.2
2,918.9
2,988.6
6.4
7.3
7.7
24.76
24.88
25.01
25.16
24.19
24.31
24.44
24.61
24.77
24.88
25.01
25.17
24.78
24.89
25.02
25.18
2.0
2.0
2.1
2.5
1.6
2.0
2.2
2.8
2.0
1.9
2.1
2.6
2.0
1.9
2.1
2.6
1966- 1
II
Ill
IV
3,042.4
3,055.5
3,076.5
3,102.4
3,008.8
3,023.1
3,047.2
3,054.8
3,061.1
3,074.2
3,094.7
3,121.4
1967: I
II
Ill
IV
3,127.2
3,129.5
3,154.2
3,178.0
3,085.6
3,119.0
3,134.2
3,161.5
3,145.9
3,147.7
3,174.4
3,197.5
1995 .
1996
1997
..
..
.
-2.1
11.2
-.3
1.7
8.9
-2.4
.5
-5.1
10.5
5.4
7.6
10.3
-1.3
11.3
10.2
9.3
5.8
6.9
7.4
9.0
10.7
1.7
2.8
3.4
7.1
1.9
3.2
1.0
25.30
25.50
25.82
26.03
24.73
24.93
25.22
25.41
25.32
25.53
25.79
26.02
25.34
25.54
25.81
26.03
2.2
3.2
5.1
3.4
1.9
3.2
4.8
3.1
2.5
3.2
4.2
3.5
2.5
3.3
4.2
3.5
3.2
.3
3.2
3.1
4.1
4.4
2.0
3.5
26.16
26.32
26.57
26.87
25.52
25.67
25.92
26.21
26.14
26.31
26.60
26.90
26.15
26.32
26.61
26.91
2.0
2.5
3.9
4.6
1.6
2.5
3.9
4.5
1.9
2.5
4.5
4.6
2.0
2.5
4.5
4.6
10.0
SURVEY OF CURRENT BUSINESS
February 1998
National Data •
D-37
Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases—Continued
[Quarterly estimates are seasonally adjusted at annual rates]
Percent change from preceding
iod
Billions of chained (1992) dollars
Year and
quarter
Gross domestic Final sales o
domestic
product
product
Gross nationa Gross domestic Final sales o
domestic
product
product
product
Chain-type price indexes
Implicit price deflators
Percent change from preceding period
Chain-type price index
Implicit price deflators
Gross domestic Gross domestic Gross domestic Gross nationa
purchases
product
product
Gross domestic Gross domesti
product
product
purchases
Gross domestic Gross national
product
product
1968- 1
II
Ill
IV
3,236.2
3,292.1
3,316.1
3,331.2
3,225.3
3,258.0
3,303.9
3,325.1
3,256.2
3,312.5
3,337.3
3,352.2
7.5
7.1
3.0
1.8
8.3
4.1
5.8
2.6
27.19
27.50
27.75
28.12
26.52
26.80
27.06
27.43
27.21
27.49
27.75
28.12
27.22
27.50
27.76
28.13
4.8
4.5
3.7
5.5
4.9
4.2
4.0
5.5
4.7
4.
3.8
5.5
4.8
4.1
3.8
5.5
1969: 1
II
Ill
IV
3,381.9
3,390.2
3,409.7
3,392.6
3,357.5
3,373.0
3,389.6
3,388.9
3,402.8
3,410.3
3,428.5
3,411.4
6.2
1.0
2.3
4.0
1.9
2.0
28.38
28.74
29.14
29.51
27.66
28.02
28.40
28.77
28.39
28.73
29.14
29.51
28.40
28.75
29.16
29.52
3.7
5.2
5.7
5.2
3.5
5.3
5.6
5.2
3.8
5.0
5.8
5.1
3.9
5.0
5.8
5.1
1970: 1
II
Ill
IV
3,386.5
3,391.6
3,423.0
3,389.4
3,397.6
3,391.9
3,421.9
3,414.8
3,406.0
3,411.9
3,442.9
3,407.4
1.C
ae
^3.9
-.8
29.92
30.36
30.60
31.02
29.18
29.59
29.87
30.29
29.94
30.36
30.61
31.02
29.95
30.37
30.63
31.03
5.7
6.0
3.2
5.6
5.9
5.8
3.8
5.7
6.0
5.7
3.4
5.4
6.0
5.7
3.4
5.4
1971: 1
II
Ill
IV
3,481.4
3,500.9
3,523.8
3,533.8
3,458.9
3,481.2
3,509.4
3,549.5
3,503.3
3,524.3
3,544.7
3,556.0
11.3
2.3
2.6
1.1
5.3
2.6
3.3
4.7
31.50
31.93
32.25
32.53
30.75
31.18
31.52
31.81
31.50
31.93
32.27
32.54
31.52
31.94
32.29
32.55
6.3
5.7
4.1
3.5
6.2
5.7
4.5
3.7
6.4
5.5
4.4
3.3
6.4
5.5
4.4
3.3
1972: 1
II
Ill
IV
3,604.7
3,687.9
3,726.2
3,790.4
3,608.0
3,665.7
3,700.0
3,784.3
3,627.9
3,710.7
3,751.2
3,815.3
8.3
9.6
4.2
7.1
6.8
6.5
3.8
9.4
33.01
33.23
33.50
33.93
32.28
32.53
32.82
33.23
33.02
33.20
33.49
33.95
33.03
33.22
33.51
33.97
6.0
2.6
3.3
5.2
6.0
3.1
3.6
5.1
6.0
2.2
3.5
5.6
6.1
2.2
3.5
5.6
1973: 1
II ..
Ill
IV
3,892.2
3,919.0
3,907.1
3,947.1
3,867.0
3,884.5
3,890.9
3,893.1
3,921.5
3,950.4
3,944.1
3,984.4
9.0
1.f
34.38
34.96
35.63
36.24
33.69
34.33
34.95
35.60
34.36
34.94
35.61
36.29
34.38
34.96
35.63
36.31
5.5
6.9
7.8
7.0
5.6
7.8
75
16
5.0
6.9
7.9
7.8
5.0
6.9
7.9
7.8
1974: 1
II
Ill
IV
3,908.1
3,922.6
3,880.0
3,854.1
3,889.1
3,899.7
3,882.5
3,822.2
3,952.4
3,964.3
3,917.6
3,886.1
-A
1.1
1975: 1
II
III
IV
3,800.9
3,835.2
3,907.0
3,952.5
3,848.3
3,887.9
3,922.7
3,966.7
1976: 1
II
Ill
IV
4,044.6
4,072.2
4,088.5
4,126.4
-2.0
.6
3.7
11.2
2.8
-1.2
4.2
-4.3
-2.6
-1.8
-€.1
36.98
37.79
38.93
40.14
36.55
37.59
38.71
39.84
37.01
37.79
38.96
40.13
37.03
37.81
38.98
40.15
3,827.3
3,861.8
3,936.1
3,987.9
-5.4
3.7
7.7
4.7
2.8
4.2
3.6
4.6
41.04
41.67
42.44
43.21
40.69
41.34
42.05
42.79
41.05
41.66
42.41
43.19
41.07
41.68
42.44
43.22
9.2
6.3
7.6
7.4
8.8
6.5
7.0
7.2
9.5
6.1
7.4
7.6
9.5
6.1
7.4
7.6
4,027.0
4,039.1
4,061.7
4,119.0
4,078.8
4,107.9
4,124.8
4,163.7
9.7
2.8
1.6
3.8
6.2
1.2
2.3
5.8
43.68
44.17
44.78
45.56
43.26
43.76
44.42
45.16
43.69
44.15
44.77
45.57
43.72
44.18
44.80
45.60
4.4
4.6
5.7
7.2
45
47
6.1
6.9
4.7
4.2
5.7
7.3
4.7
4.2
5.7
7.3
4,176.3
4,260.1
4,329.5
4,328.3
4,161.4
4,228.4
4,270.0
4,303.3
4,219.4
4,302.2
4,371.2
4,365.0
4.9
8.3
6.7
-.1
4.2
6.6
4.0
3.2
46.31
47.08
47.74
48.55
45.99
46.81
47.55
48.36
46.32
47.07
47.66
48.63
46.34
47.10
47.69
48.66
6.7
6.8
5.7
7.0
7.6
75
64
7.1
6.8
6.6
5.1
8.4
6.7
6.7
5.1
8.4
1978- 1
II .
Ill
IV
4,345.5
4,510.7
4,552.1
4,603.7
4,306.0
4,474.6
4,511.6
4,565.4
4,388.6
4,546.1
4,591.1
4,649.0
.3
7.0
8.6
7.3
7.9
6.7
8.2
7.0
8.7
6.7
8.2
7.1
8.7
1979: 1
II
Ill
IV
4,605.7
4,615.6
4,644.9
4,656.2
4,579.0
4,577.0
4,639.2
4,662.5
4,652.6
4,668.7
4,708.8
4,719.5
9.0
9.1
8.8
8.9
8.1
9.1
8.8
8.9
8.1
1980: 1
II
Ill
IV
4,679.0
4,566.6
4,562.3
4,651.9
4,675.3
4,579.0
4,637.1
4,676.1
4,743.0
4,625.6
4,617.8
4,696.6
1981: 1
II
Ill
IV
4,739.2
4,696.8
4,753.0
4,693.8
4,692.9
4,699.0
4,702.5
4,672.0
4,787.7
4,742.6
4,801.4
4,747.9
1982' I
II
Ill
IV
4,615.9
4,634.9
4,612.1
4,618.3
4,655.4
4,651.2
4,616.9
4,681.3
4,658.5
4,682.9
4,651.1
4,655.6
.5
1983: 1
||
Ill
IV
4,663.0
4,763.6
4,849.0
4,939.2
4,719.4
4,785.3
4,860.7
4,919.5
4,700.1
4,804.4
4,891.3
4,983.5
3.9
8.9
7.4
7.7
1984' I
||
III
IV
5,053.6
5,132.9
5,170.3
5,203.7
4,961.0
5,050.0
5,085.6
5,149.9
5,092.6
5,172.4
5,209.5
5,237.5
1985: 1
||
III
IV
5,257.3
5,283.7
5,359.6
5,393.6
5,231.7
5,261.0
5,336.9
5,358.0
1986: 1
||
Ill
IV
5,460.8
5,466.9
5,496.3
5,526.8
1987: 1
II
Ill
IV
1988: 1
II
Ill
IV
1977-1
II
Ill .
IV
...
^3.9
1.5
8.4
9.0
12.7
13.0
3.7
4.6
3.4
4.9
49.39
50.43
51.32
52.37
49.19
50.22
51.11
52.08
49.42
50.41
51.27
52.35
49.45
50.44
51.30
52.39
7.1
8.6
7.3
8.4
.2
.9
2.6
1.0
1.2
-.2
5.5
2.0
53.46
54.70
55.82
56.92
53.21
54.52
55.89
57.25
53.51
54.65
55.82
56.92
53.54
54.68
55.85
56.95
8.6
9.6
8.5
8.1
1.1
58.25
59.59
60.93
62.57
58.89
60.41
61.77
63.33
58.18
59.55
61.01
62.59
58.22
59.58
61.05
62.64
9.7
9.6
9.3
64.19
65.35
66.65
67.85
64.96
66.15
67.27
68.48
64.15
65.37
66.65
67.87
64.20
65.42
66.69
67.91
5.7
68.85
69.71
70.69
71.46
69.42
70.17
71.10
71.85
68.86
69.72
70.66
71.44
3.3
5.7
6.4
4.9
72.12
72.84
73.50
74.19
72.33
73.03
73.65
74.24
9.6
6.4
3.0
2.6
3.4
7.4
2.9
5.2
75.00
75.62
76.25
76.82
5,280.3
5,310.8
5,378.4
5,417.5
4.2
2.0
5.9
2.6
6.5
2.3
5.9
1.6
5,410.5
5,448.4
5,518.2
5,546.6
5,481.1
5,480.1
5,510.4
5,533.1
5.1
.4
2.2
2.2
5,561.8
5,618.0
5,667.4
5,750.6
5,535.8
5,608.4
5,671.5
5,688.3
5,568.7
5,628.7
5,676.0
5,759.6
5,785.3
5,844.0
5,878.7
5,952.8
5,774.2
5,840.1
5,869.2
5,937.0
5,802.3
5,857.5
5,889.4
5,964.9
1.6
16.1
2.0
-9.3
16.6
-3.0
-.4
8.1
5.2
3.4
7.7
1.4
.5
.3
11.1
11.9
12.5
12.2
10.2
10.4
10.2
12.0
10.7
9.3
8.2
8.7
12.9
12.6
9.2
9.7
11.2
10.5
10.2
10.8
10.7
10.7
10.3
8.2
8.7
12.9
12.5
9.2
9.7
10.2
10.8
10.4
7.4
8.2
7.4
7.5
7.0
7.3
7.8
8.0
7.5
7.8
8.0
7.5
68.91
69.77
70.70
71.47
6.0
5.1
5.7
4.5
5.6
4.4
5.4
4.3
6.0
5.1
5.5
4.4
6.0
5.1
5.5
4.4
72.08
72.83
73.48
74.19
72.12
72.87
73.52
74.24
3.7
4.1
3.7
3.8
2.7
3.9
3.4
3.2
3.7
4.2
3.7
3.9
3.7
4.2
3.7
3.9
75.04
75.65
76.19
76.71
75.02
75.58
76.25
76.81
75.06
75.63
76.29
76.85
4.4
3.3
3.4
3.0
4.4
3.3
2.9
-2.7
4.5
3.1
3.5
3.0
4.5
3.1
3.6
2.9
77.64
78.25
78.80
79.44
77.38
78.02
78.58
79.37
77.63
78.25
78.76
79.45
77.67
78.29
78.80
79.49
4.3
3.2
2.8
3.3
3.6
3.3
2.9
4.1
4.4
3.3
2.6
3.5
4.3
3.2
2.6
3.5
4.0
2.8
5.2
2.1
79.81
80.26
80.81
81.44
79.77
79.97
80.60
81.25
79.81
80.22
80.84
81.45
79.85
80.26
80.88
81.49
1.9
2.2
2.8
3.2
2.0
1.0
3.2
3.3
1.8
2.1
3.1
3.1
1.8
2.1
3.1
3.0
2.6
4.1
3.6
6.0
-.8
5.4
4.6
1.2
82.11
82.68
83.35
84.08
82.07
82.74
83.44
84.19
82.09
82.68
83.33
84.09
82.12
82.71
83.36
84.12
3.3
2.8
3.3
3.6
4.1
3.3
3.4
3.6
3.2
2.9
3.2
3.7
3.2
2.9
3.2
3.7
2.4
4.1
2.4
5.1
6.2
4.6
2.0
4.7
84.69
85.56
86.67
87.46
84.81
85.68
86.58
87.44
84.67
85.56
86.66
87.44
84.69
85.59
86.69
87.47
2.9
4.2
5.3
3.7
3.0
4.2
4.3
4.0
2.7
4.3
5.2
3.7
2.8
4.3
5.2
3.7
-3.5
4.9
-4.B
-6.5
1.7
-2.0
-2.6
-1.4
-.4
-2.9
D-38
SURVEY OF CURRENT BUSINESS
• National Data
February 1998
Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases—Continued
[Quarterly estimates are seasonally adjusted at annual rates]
Percent change from preceding
period
Billions of chained (1992) dollars
Year and
quarter
1989: 1
II
Ill
IV
1990: 1
II
III
IV
19911 1
II
Ill
IV
1992: 1
II
Ill
IV
6,011.0
6,055.6
6,088.0
6,093.5
6,152.6
6,171.6
6,142.1
6,079.0
6,047.5
6,074.7
6,090.1
6,105.3
6,175.7
6,214.2
6,260.7
6,327.1
1996: 1
II
Ill
IV
1997: 1
II
Ill
IV
7,101.6
7,159.6
7,214.0
7,290.3
1994: 1
II
III
IV
1995' I
||
Ill
IV
Implicit price deflators
Percent change from preceding period
Chain-type price index
Implicit price deflators
Gross domestic Final sales of Gross national Gross domestic -Final sales of Gross domestic Gross domestic Gross domestic Gross national
domestic
Gross domestic Gross domestic Gross domestic Gross national
purchases
product
domestic
product
product
product
product
product
product
purchases
product
product
product
product
6,327.9
6,359.9
6,393.5
6,476.9
6,524.5
6,600.3
6,629.5
6,688.6
6,703.7
6,708.8
6,759.2
6,796.5
6,826.4
6,926.0
6,943.8
7,017.4
1993' I
II
Ill
IV
Chain-type price indexes
5,970.0
6,010.9
6,063.1
6,070.8
6,144.6
6,127.5
6,126.6
6,108.1
6,065.4
6,095.9
6,085.4
6,083.8
6,023.1
6,065.5
6,101.8
6,112.3
6,172.8
6,188.0
6,155.7
6,111.3
4.0
3.0
2.2
.4
2.2
2.8
3.5
.5
88.44
89.40
90.13
90.91
3.9
1.2
-1.9
-4.0
5.0
-1.1
-.1
-1.2
92.01
93.20
94.19
95.14
-2.8
2.0
-.7
-.1
-1.5
3.1
2.2
4.8
96.26
97.02
97.70
98.30
99.14
99.81
100.17
100.88
101.85
102.38
102.83
103.52
104.16
104.74
105.39
106.07
6,175.8
6,203.8
6,249.5
6,320.7
6,192.0
6,225.2
6,270.3
6,334.6
6,297.3
6,344.9
6,379.3
6,453.8
6,351.3
6,375.9
6,415.3
6,489.7
-2.1
1.8
1.0
1.0
4.7
2.5
3.0
4.3
.1
2.0
2.1
5.3
6,473.0
6,526.7
6,580.4
6,624.8
6,540.5
6,609.3
6,635.6
6,691.2
3.0
4.7
1.8
3.6
1.2
3.4
3.3
2.7
6,654.3
6,685.3
6,739.3
6,771.9
6,815.0
6,902.3
6,905.0
6,981.7
7,034.1
7,077.7
7,160.3
7,224.6
6,711.3
6,721.0
6,758.3
6,804.2
6,834.7
6,930.1
6,940.2
7,023.1
7,091.8
7,144.4
7,198.8
.9
.3
3.0
2.2
1.8
1.9
3.3
2.0
1.8
6.0
1.0
4.3
2.6
5.2
.2
4.5
4.9
3.3
3.1
4.3
3.0
2.5
4.7
3.6
6,074.3
6,086.4
6,099.2
6,119.5
6.2
1.8
3.0
4.6
106.93
107.49
108.03
108.60
109.35
109.86
110.59
111.10
111.78
112.27
112.67
113.10
88.47
89.52
90.14
90.98
92.17
93.14
94.32
95.68
96.42
96.95
97.58
98.27
88.45
89.39
90.13
90.88
92.00
93.18
94.14
95.11
96.27
97.00
97.70
98.31
88.48
89.42
90.16
90.91
92.04
93.21
94.17
95.13
4.5
4.4
3.3
3.5
4.8
4.8
2.8
3.8
4.7
4.3
3.3
3.4
4.7
4.3
3.3
3.4
4.9
5.2
4.3
4.1
5.4
4.2
5.2
5.9
5.0
5.2
4.2
4.2
5.1
5.2
4.2
4.2
96.29
97.01
97.71
98.32
4.8
3.2
2.8
2.5
3.1
2.2
2.6
2.9
5.0
3.1
2.9
2.5
4.9
3.1
2.9
2.5
99.04
99.76
100.28
100.92
99.13
99.79
100.17
100.88
101.84
102.35
102.83
103.51
104.13
104.71
105.39
106.09
99.13
99.79
100.17
100.88
101.84
102.34
102.83
103.50
104.14
104.71
105.38
106.06
3.4
2.8
1.4
2.8
3.2
2.9
2.1
2.6
3.4
2.7
1.5
2.9
3.4
2.7
1.5
2.9
3.9
2.1
1.8
2.7
3.2
2.3
1.4
2.5
3.9
2.0
1.9
2.7
3.8
2.0
1.9
2.6
2.5
2.2
2.5
2.6
2.0
2.6
3.0
2.5
2.4
2.2
2.6
2.7
2.5
2.2
2.6
2.6
106.94
107.46
108.02
108.61
106.91
107.43
107.99
108.59
109.37
109.82
110.50
111.01
111.67
112.17
112.57
3.3
2.1
2.0
2.1
3.0
2.5
1.7
1.9
3.3
2.0
2.1
2.2
3.2
2.0
2.1
2.2
2.8
1.9
2.7
1.9
2.7
1.8
2.4
2.4
2.9
1.7
2.6
1.9
2.9
1.6
2.5
1.8
2.4
1.8
1.4
1.5
1.9
.8
1.3
1.5
2.4
1.8
1.4
1.5
2.4
1.8
1.4
101.71
102.28
102.64
103.28
103.80
104.46
105.24
105.88
106.66
107.33
107.79
108.29
109.01
109.50
110.15
110.79
111.32
111.55
111.90
112.31
109.39
109.84
110.54
111.05
111.71
112.22
112.62
113.05
National Data • D-39
SURVEY OF CURRENT BUSINESS
February 1998
Table C.2.—Real Gross Domestic Product
[Average annual percent change, based on chained (1992) dollar estimates]
Initial year
Terminal year
1971
1997 . ...
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986 .
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1972
2.8
2.8
2.8
2.8
2.8
2.8
2.8
3.0
3.1
3.1
3.0
3.0
3.0
3.0
2.6
2.5
3.0
3.1
3.5
3.6
3.3
3.1
2.5
3.5
5.6
5.5
1972
1973
1974
1975
2.7
2.6
2.6
2.7
2.6
2.6
2.6
2.8
2.9
2.9
2.9
2.9
2.8
2.8
2.4
2.2
2.7
2.8
3.2
3.3
2.9
2.5
1.5
2.5
5.8
2.6
2.5
2.5
2.5
2.5
2.5
2.5
2.7
2.8
2.7
2.7
2.6
2.6
2.5
2.1
1.9
2.4
2.4
2.8
2.8
2.2
1.4
-.5
-.6
2.7
2.7
2.7
2.7
2.6
2.7
2.7
2.9
3.0
3.0
2.9
2.9
2.9
2.8
2.4
2.2
2.8
2.9
3.5
3.7
3.2
2.4
-.4
2.9
2.8
2.8
2.9
2.8
2.8
2.9
3.1
3.3
3.2
3.2
3.2
3.2
3.2
2.7
2.5
3.3
3.6
4.6
5.1
5.0
5.4
1976
2.7
2.7
2.7
2.7
2.7
2.7
2.7
3.0
3.1
3.1
3.0
3.0
3.0
2.9
2.3
2.1
2.9
3.1
4.3
5.0
4.7
1977
2.6
2.6
2.6
2.6
2.5
2.6
2.5
2.8
3.0
2.9
2.8
2.8
2.8
2.7
2.0
1.6
2.5
2.6
4.1
5.4
1979
1978
2.5
2.4
2.4
2.4
2.4
2.4
2.3
2.6
2.7
2.7
2.6
2.5
2.4
2.2
1.3
.6
1.6
1.2
2.8
1980
2.5
2.4
2.4
2.4
2.3
2.3
2.3
2.6
2.7
2.7
2.5
2.5
2.4
2.1
.9
-.1
1.0
-.3
2.6
2.6
2.6
2.6
2.5
2.6
2.5
2.9
3.1
3.0
2.9
2.9
2.9
2.7
1.3
.1
2.3
1981
2.7
2.6
2.6
2.6
2.6
2.6
2.6
3.0
3.2
3.1
3.0
3.1
3.1
2.9
.9
-2.1
1982
1983
1984
1985
3.0
2.9
2.9
3.0
3.0
3.1
3.1
3.6
4.0
4.1
4.1
4.4
4.8
5.5
4.0
2.9
2.9
2.9
2.9
2.9
3.0
3.0
3.6
4.0
4.1
4.1
4.5
5.3
7.0
2.6
2.5
2.5
2.5
2.4
2.5
2.4
3.0
3.4
3.4
3.2
3.3
3.6
2.5
2.4
2.4
2.4
2.3
2.3
2.2
2.9
3.3
3.3
3.0
3.1
1986
2.5
2.4
2.3
2.4
2.2
2.2
2.1
2.8
3.4
3.4
2.9
1987
2.4
2.3
2.2
2.3
2.1
2.0
1.9
2.8
3.6
3.8
1988
2.3
2.1
2.0
2.0
1.7
1.6
1.2
2.3
3.4
1989
2.2
1.9
1.8
1.7
1.3
1.0
.1
1.2
1990
2.3
2.0
1.9
1.9
1.4
.9
-.9
1991
2.8
2.6
2.6
2.8
2.5
2.7
1992
1993
1994
1995
1996
2.9
2.6
2.6
2.9
2.3
3.0
2.7
2.7
3.5
2.8
2.4
2.0
3.3
2.8
3.8
Table C.3.—Chain-Type Price Index for Gross Domestic Product
[Average annual percent change]
1971
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1972
49
5.1
5.2
5.3
5.4
5.6
5.7
5.8
5.9
6.0
6.1
6.3
6.6
6.9
7.1
7.4
7.5
7.3
70
6.8
67
6.8
70
6.3
49
4.2
1972
50
5.1
5.2
5.3
5.5
5.6
5.8
5.9
6.0
6.1
6.3
6.5
6.8
7.1
7.4
7.7
7.9
7.7
74
7.3
73
7.5
80
7.3
56
1973
1974
48
49
4.9
5.1
5.0
5.2
5.2
5.3
5.3
5.5
5.5
5.6
5.6
5.8
5.7
5.9
6.0 , 5.8
5.9
6.1
6.1
6.3
6.4
6.6
6.7
6.9
7.0
7.2
7.4
7.6
7.8
7.9
8.0
8.1
7.8
8.0
77
7.5
7.2
7.6
77
7.2
7.6
8.1
9.4
92
8.9
1975
46
4.7
4.8
4.9
5.1
5.2
5.4
5.5
5.6
5.7
5.8
6.1
6.4
6.8
7.2
7.6
7.8
7.5
70
6.5
6.1
5.8
1976
45
4.6
4.8
4.9
5.0
5.2
5.3
5.4
5.5
5.6
5.8
6.1
6.5
6.9
7.3
7.9
8.2
7.9
7.4
6.9
6.5
1977
1978
4.4
4.5
4.7
4.8
4.9
5.1
5.3
5.4
5.5
5.6
5.8
6.1
6.5
7.0
7.5
8.2
8.6
8.4
7.9
7.3
1979
43
4.4
4.5
4.6
4.8
4.9
5.1
5.2
5.3
5.4
5.6
5.9
6.4
6.9
7.5
8.4
9.1
8.9
8.5
40
4.1
4.3
4.4
4.5
4.7
4.8
4.9
5.0
5.1
5.2
5.5
6.0
6.6
7.3
8.3
9.3
9.3
1980
37
3.8
3.9
4.0
4.2
4.3
4.4
4.5
4.5
4.5
4.7
4.9
5.4
5.9
6.6
7.8
9.4
1981
34
3.5
3.6
3.6
3.7
3.8
4.0
4.0
3.9
3.9
3.9
4.1
4.4
4.8
5.3
6.3
1982
3.2
3.3
3.4
3.4
3.5
3.6
3.7
3.7
3.6
3.5
3.4
3.5
3.8
4.0
4.3
1983
1984
3.1
3.2
3.3
3.3
3.4
3.5
3.6
3.6
3.5
3.3
3.2
3.3
3.6
3.8
3.1
3.2
3.2
3.3
3.4
3.5
3.6
3.6
3.4
3.2
3.0
3.0
3.4
1985
30
3.1
3.2
3.3
3.4
3.5
3.6
3.6
3.4
3.1
2.8
2.6
1986
3.1
3.2
3.3
3.4
3.5
3.7
3.8
3.8
3.6
3.4
3.1
1987
3.1
3.2
3.3
3.4
3.6
3.8
4.0
4.1
3.9
3.7
1988
3.0
3.1
3.3
3.4
3.6
3.8
4.2
4.3
4.2
1989
2.9
3.0
3.1
3.2
3.4
3.7
4.1
4.4
1990
2.7
2.8
2.9
2.9
3.1
3.3
3.9
1991
2.4
2.5
2.6
2.6
2.7
2.8
1992
2.4
2.5
2.5
2.5
2.6
1993
2.3
2.4
2.5
2.4
1994
23
2.4
2.5
1995
22
2.3
1996
20
Table C.4.—Real Gross Domestic Purchases
[Average annual percent change, based on chained (1992) dollar estimates]
Initial year
1971
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1972
2.8
2.7
2.7
27
2.7
27
2.7
2.9
30
30
3.0
31
3.0
3.0
2.5
2.3
27
2.7
3.3
3.5
3.2
2.7
1.8
2.9
5.2
5.7
1972
2.7
2.6
2.6
26
2.6
25
2.5
2.7
29
29
2.9
29
2.8
2.8
2.3
2.0
24
2.3
3.0
3.1
2.7
2.0
.6
1.6
4.8
1973
2.6
2.5
2.5
25
2.4
24
2.4
2.6
27
2.7
2.7
27
2.7
2.6
2.0
1.6
21
2.0
2.7
2.8
2.2
1.1
-1.4
-1.5
1974
2.7
2.7
2.7
2.7
2.7
2.6
2.6
2.9
3.0
3.1
3.1
3.1
3.1
3.0
2.4
2.0
2.6
2.6
3.5
3.9
3.4
2.5
1975
2.9
2.9
2.9
2.9
2.9
2.9
2.9
3.2
3.4
3.4
3.4
3.5
3.5
3.5
2.9
2.5
3.2
3.4
4.8
5.7
5.9
6.4
1976
2.8
2.7
2.7
2.7
2.7
2.7
2.6
3.0
3.1
3.2
3.2
3.2
3.2
3.1
2.4
1.9
2.6
2.7
4.3
5.3
5.4
1977
2.6
2.6
2.5
2.6
2.5
2.5
2.5
2.8
2.9
3.0
3.0
3.0
2.9
2.8
1.9
1.2
1.9
1.8
3.7
5.3
1978
2.5
2.4
2.4
2.4
2.3
2.3
2.2
2.6
2.7
2.7
2.7
2.7
2.6
2.4
1.2
.2
.9
.1
2.2
1979
2.5
2.4
2.4
2.4
2.3
2.3
2.2
2.6
2.8
2.8
2.8
2.8
2.7
2.5
1.0
-.4
.2
1980
2.8
2.7
2.7
2.8
2.7
2.7
2.6
3.1
3.3
3.4
3.5
3.6
3.7
3.6
2.0
.4
2.4
1981
2.8
2.7
2.7
2.8
2.7
2.7
2.7
3.1
3.4
3.5
3.6
3.8
4.0
4.0
1.8
-16
1982
3.1
3.1
3.1
3.2
3.1
3.1
3.1
3.7
4.2
4.4
4.7
5.2
5.9
6.9
5.3
-2.0
-1.3
NOTE.—In these triangles, the growth rate from one year to any other year can be found at the intersection
of the column for the earlier year and the row for the later year; thus, growth rates from one year to the next
are shown on the main diagonal. For example, from 1985 to 1995, real gross domestic product grew at an average
annual rate of 2.4 percent; from 1984 to 1985, it grew 3.6 percent.
1983
3.0
2.9
2.9
3.0
2.9
2.9
2.9
3.5
4.0
4.2
4.6
5.2
6.2
8.5
1984
2.6
2.4
2.4
2.4
2.3
2.2
2.1
2.7
3.1
3.2
3.3
3.6
3.9
1985
2.4
2.3
2.2
2.3
2.1
1.9
1.8
2.5
2.9
3.0
3.0
3.3
1986
2.4
2.2
2.1
2.1
1.9
1.7
1.5
2.3
2.8
2.8
2.7
1987
2.3
2.1
2.0
2.1
1.8
1.5
1.2
2.1
2.8
2.9
1988
2.3
2.0
1.9
1.9
1.5
1.2
.6
1.8
2.7
1989
2.2
1.9
1.8
1.8
1.2
.7
-.4
.8
1990
2.4
2.1
2.0
2.0
1.4
.6
-1.6
1991
3.1
2.9
2.9
3.2
2.9
2.8
1992
3.1
2.9
2.9
3.4
2.9
1993
3.2
2.9
2.9
3.9
1994
2.9
2.4
1.9
1995
3.5
2.9
1996
4.1
D-40
SURVEY OF CURRENT BUSINESS
• National Data
February 1998
Table C.5.—Chain-Type Price Index for Gross Domestic Purchases
[Average annual percent change]
Initial year
Terminal year
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1972
1971
5.0
5.1
5.3
5.4
5.5
5.7
5.8
5.9
6.0
6.1
6.3
6.5
6.8
7.0
7.3
7.7
7.9
7.7
7.3
7.1
7.1
7.1
7.4
6.8
5.2
4.5
1972
5.0
5.2
5.3
5.4
5.6
5.7
5.9
6.0
6.1
6.2
6.4
6.6
6.9
7.3
7.6
8.0
8.2
8.1
7.8
7.6
7.6
7.8
8.4
8.0
5.9
1973
5.0
5.1
5.3
5.4
5.6
5.7
5.9
6.0
6.1
6.3
6.5
6.7
7.0
7.4
7.8
8.2
8.5
8.4
8.1
7.9
8.0
8.4
9.7
1974
4.8
4.9
5.1
5.2
5.3
5.5
5.7
5.8
5.9
6.0
6.2
6.4
6.8
7.1
7.5
8.0
8.3
8.2
7.7
7.3
7.3
7.5
9.3
1975
4.6
4.7
4.8
5.0
5.1
5.3
5.4
5.6
5.6
5.7
5.9
6.1
6.5
6.9
7.3
7.8
8.1
7.9
7.3
6.7
6.3
5.8
1976
4.5
4.7
4.8
4.9
5.1
5.2
5.4
5.5
5.6
5.7
5.9
6.2
6.6
7.0
7.5
8.1
8.6
8.5
7.7
7.1
6.9
1977
1979
1978
4.4
4.5
4.7
4.8
5.0
5.1
5.3
5.4
5.5
5.6
5.8
6.1
6.5
7.0
7.6
8.4
9.0
9.0
8.2
7.4
4.3
4.4
4.5
4.7
4.8
5.0
5.2
5.3
5.3
5.5
5.7
5.9
6.4
7.0
7.7
8.7
9.6
9.8
9.0
4.0
4.1
4.3
4.4
4.5
4.7
4.8
4.9
5.0
5.1
5.2
5.5
6.0
6.6
7.3
8.6
9.9
1980
3.6
3.7
3.8
3.9
4.1
4.2
4.3
4.4
4.4
4.4
4.5
4.7
5.1
5.6
6.3
7.5
9.2
1981
3.3
3.4
3.5
3.5
3.6
3.7
3.8
3.9
3.8
3.7
3.7
3.8
4.1
4.4
4.8
5.9
1982
3.1
3.2
3.3
3.3
3.4
3.5
3.6
3.6
3.5
3.4
3.3
3.3
3.5
3.7
3.8
1983
1984
3.1
3.2
3.2
3.3
3.4
3.5
3.6
3.6
3.4
3.3
3.2
3.1
3.4
3.5
3.0
3.1
3.2
3.3
3.4
3.5
3.6
3.6
3.4
3.2
3.1
2.9
3.2
1985
3.0
3.1
3.2
3.3
3.4
3.5
3.7
3.7
3.5
3.2
3.0
2.6
1987
1986
3.0
3.2
3.3
3.4
3.5
3.7
3.9
3.9
3.7
3.5
3.4
3.0
3.1
3.3
3.4
3.6
3.8
4.0
4.1
3.9
3.6
1988
2.9
3.1
3.2
3.3
3.5
3.8
4.1
4.4
4.2
1989
2.8
2.9
3.1
3.2
3.4
3.7
4.1
4.5
1990
2.5
2.7
2.8
2.8
3.0
3.2
3.7
1991
2.3
2.5
2.5
2.5
2.6
2.8
1992
1993
1994
1995
1996
2.3
2.4
2.4
2.4
2.5
2.2
2.3
2.4
2.3
2.2
2.4
2.5
1992
1993
1994
1995
1996
2.7
2.6
2.5
2.5
2.1
2.8
2.7
2.7
2.9
2.8
2.6
2.5
3.0
2.8
3.2
2.0
2.2
1.7
10.7
10.2
Table C.6.—Real Final Sales of Domestic Product
[Average annual percent change, based on chained (1992) dollar estimates]
Initial year
1971
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1972
28
2.8
28
2.8
28
2.8
28
3.0
3.1
3.1
3.0
3.0
30
2.9
27
2.6
30
3.2
35
3.5
3.3
30
28
3.4
5.3
5.4
1972
2.7
2.6
26
2.6
26
2.7
27
2.9
2.9
2.9
2.9
2.9
28
2.7
25
2.3
27
2.9
32
3.2
2.8
24
19
2.5
5.3
1973
2.6
2.5
25
2.5
25
2.5
25
2.7
2.8
2.8
2.7
2.7
26
2.4
22
2.0
24
2.6
29
2.8
2.2
15
3
-.3
1974
2.7
2.7
27
2.7
2.7
2.7
2.7
2.9
3.0
3.0
2.9
2.9
29
2.7
25
2.3
28
3.1
36
3.6
3.1
24
9
1975
1976
1977
1978
2.8
2.7
2.7
2.8
2.8
2.8
2.8
3.0
3.1
3.2
3.1
3.1
3.1
2.9
27
2.5
31
3.5
43
4.6
4.2
40
2.7
2.7
2.7
2.7
2.7
2.7
2.7
3.0
3.1
3.1
3.0
3.0
30
2.8
25
2.3
29
3.4
43
4.8
4.4
2.6
2.6
2.6
2.6
2.6
2.6
2.6
2.9
3.0
3.0
2.9
2.9
28
2.6
22
1.9
26
3.1
43
5.3
2.5
2.4
2.4
2.4
2.4
2.4
2.4
2.7
2.8
2.7
2.6
2.6
25
2.1
15
1.0
17
2.0
34
1979
2.4
2.4
2.4
2.4
2.3
2.3
2.3
2.6
2.7
2.7
2.5
2.5
2.3
1.9
1.1
.3
8
.6
1980
2.6
2.5
2.5
2.5
2.5
2.5
2.5
2.8
2.9
2.9
2.8
2.8
2.7
2.2
1.3
.1
1.1
1981
2.6
2.6
2.6
2.6
2.6
2.6
2.6
3.0
3.2
3.2
3.1
3.2
3.1
2.6
1.4
-.9
1982
1983
1984
1985
1986
1987
1988
1989
1990
2.9
2.9
2.9
2.9
2.9
3.0
3.0
3.5
3.8
3.9
3.9
4.2
4.4
4.3
3.7
2.8
2.8
2.8
2.8
2.8
2.9
2.9
3.5
3.8
4.0
3.9
4.4
4.8
5.0
2.7
2.6
2.6
2.6
2.6
2.6
2.7
3.2
3.6
3.7
3.6
4.1
4.6
2.5
2.4
2.4
2.4
2.3
2.4
2.3
3.0
3.3
3.4
3.1
3.5
2.4
2.3
2.3
2.3
2.2
2.2
2.1
2.8
3.2
3.4
2.6
2.4
2.3
2.2
2.2
2.1
2.1
2.0
2.9
3.5
4.1
2.2
2.1
2.0
1.9
1.7
1.6
1.3
2.3
3.0
2.1
1.9
1.8
1.7
1.4
1.1
.4
1.6
2.2
2.0
1.8
1.7
1.3
.9
-.7
1991
2.7
?6
2.5
2.5
2.3
2.5
Table C.7.—Real Disposable Personal Income
[Average annual percent change, based on chained (1992) dollar estimates]
Initial year
1971
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
1985
1984
1983
1982
1981
1980
1979
1978
1977
1976
1975
1974
1973
1972
28
2.8
28
28
2.8
2.8
28
3.0
3.1
31
31
3.2
32
3.2
2.8
2.8
3.0
3.1
3.4
3.5
3.3
3.3
31
3.6
5.8
46
1972
27
2.7
27
27
2.7
2.8
28
2.9
3.0
30
3.0
3.1
31
3.1
2.7
2.7
2.9
2.9
3.3
3.4
3.0
3.0
26
3.1
7.1
1973
25
2.5
25
25
2.5
2.5
25
2.7
2.7
28
27
2.8
27
2.7
2.3
2.2
2.4
2.4
2.7
2.6
2.0
1.6
5
-.7
1974
27
2.7
27
26
2.7
2.7
27
2.9
3.0
30
30
3.1
30
3.1
2.6
2.6
2.8
2.9
3.4
3.5
3.0
2.8
17
1975
2.7
2.7
27
2.7
2.7
2.8
2.8
3.0
3.0
31
3.1
3.2
32
3.2
2.7
2.7
3.0
3.1
3.8
4.1
3.6
3.9
1976
2.6
2.6
27
2.6
2.6
2.7
2.7
2.9
3.0
31
3.0
3.1
31
3.1
2.5
2.5
2.8
2.9
3.7
4.2
3.2
1977
2.6
2.6
26
2.6
2.6
2.7
2.7
2.9
3.0
3.0
3.0
3.1
31
3.1
2.4
2.3
2.7
2.8
3.9
5.2
1978
2.5
2.5
25
2.4
2.4
2.5
2.5
2.7
2.8
28
2.7
2.8
28
2.8
1.9
1.6
1.9
1.7
2.7
1979
2.5
2.4
25
2.4
2.4
2.5
25
2.7
2.8
28
2.7
2.9
28
2.8
1.6
1.3
1.5
.6
1980
2.6
2.6
2.6
2.5
2.6
2.6
2.6
2.9
3.0
3.1
3.0
3.2
3.2
3.3
2.0
1.6
2.3
1981
2.6
2.6
2.6
2.5
2.6
2.7
2.6
2.9
3.1
3.2
3.1
3.4
35
3.6
1.8
.9
1982
2.7
2.7
2.7
2.7
2.7
2.8
2.8
3.2
3.4
3.6
3.6
4.1
4.4
5.0
2.8
1983
2.7
2.7
2.7
2.7
2.7
2.9
2.9
3.3
3.5
3.8
3.8
4.5
51
7.3
1984
2.4
2.3
2.3
2.2
2.2
2.3
2.2
2.6
2.8
3.0
2.6
3.1
30
1985
2.3
2.3
2.3
2.1
2.1
2.2
2.1
2.5
2.7
2.9
2.4
3.2
1986
2.2
2.2
2.1
2.0
2.0
2.0
1.9
2.3
2.5
2.8
1.6
1987
2.3
2.2
2.2
2.1
2.0
2.1
1.9
2.6
2.9
3.9
1988
2.1
2.0
2.0
1.7
1.7
1.7
1.3
1.9
2.0
1989
2.1
2.0
20
1.7
1.6
1.6
.9
1.8
1990
2.2
2.0
2.0
1.7
1.5
1.4
0
1991
2.5
2.4
2.5
2.2
2.2
2.8
1992
2.5
2.3
24
1.9
1.7
1993
2.7
2.6
27
2.2
1994
28
2.8
33
1995
26
2.3
1996
29
D-41
National Data
SURVEY OF CURRENT BUSINESS
February 1998
D. Domestic Perspectives.
This table presents data collected from other government agencies and private organizations, as noted. Quarterly
data are shown in the middle month of the quarter.
Table D.1.—Domestic Perspectives
1997
1996
1996
1997
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Consumer and producer prices, (seasonally adjusted) ]
Consumer price index for all urban consumers,
1982-34=100:
All items
Less food and energy
Services
156.9
165.6
174.1
160.5
169.5
179.4
158.8
167.4
176.3
159.2
167.7
176.8
159.4
167.9
177.2
159.8
168.3
177.6
159.9
168.7
178.0
160.0
169.2
178.5
160.1
169.5
178.8
160.3
169.7
179.3
160.6
170.0
179.8
160.9
170.1
180.0
161.3
170.4
180.4
161.6
170.8
181.0
161.8
171.0
181.4
161.9
171.4
181.7
Producer price index, 1982=100:
Finished goods
Less food and energy
Finished consumer goods
Capital equipment
Intermediate materials
Crude materials
131.3
142.0
129.5
138.3
125.7
113.8
131.8
142.5
130.2
138.3
125.6
110.9
132.7
142.3
131.3
138.5
125.8
115.0
133.4
142.5
132.1
138.5
126.4
122.1
133.0
142.5
131.6
138.6
126.6
126.7
132.6
142.4
131.1
138.5
126.4
116.2
132.3
142.6
130.8
138.5
125.9
107.3
131.6
142.5
129.9
138.4
125.5
107.9
131.3
142.2
129.6
138.1
125.3
110.2
131.1
142.3
129.4
138.2
125.3
106.7
131.0
142.0
129.2
138.0
125.2
106.6
131.4
142.2
129.7
138.0
125.4
107.2
132.0
142.8
130.4
138.4
125.6
108.0
132.1
142.8
130.6
138.3
125.5
112.3
131.9
142.7
130.3
138.2
125.7
114.1
131.7
142.5
130.2
137.9
125.4
107.7
-0.10
.26
0.70
-0.33
38
0.44
.87
-0.83
46
0.62
.34
1.759
7634
1.754
1.752
Money, interest rates, and stock prices
2
Money stock (seasonally adjusted):
Percent change:
Ml
M2
Ratio:
Gross domestic product to M1
Personal income to M2
Interest rates (percent, not seasonally adjusted): 2
Federal funds rate
,
Discount rate on new 91-day Treasury bills
Yield on new high-grade corporate bonds
10- Year U.S. Treasury bonds
Yield on municipal bonds 20-bond average
Mortgage commitment rate
Average prime rate charged by banks
Index of stock prices (not seasonally adjusted):3
500 common stocks 1941-43=10
-0.02
52
6.907
1 734
57
-0.13
.39
0.09
7.574
1 754
7.212
1 741
1.744
1.746
5.30
5.02
7.62
6.44
5.46
5.31
5.29
5.25
507
503
487
505
7.40
6.35
7.43
6.20
576
552
559
7.80
8.27
7.60
8.44
7.62
8.25
7.45
6.30
5.64
7.60
8.25
7.63
6.58
5.72
7.82
8,25
735.67
743.25
670.83
872.72
766.22
.40
-0.50
40
-0.94
.46
-0.24
-07
7355
1.752
1.755
1.750
7553
1.757
1.761
5.39
5.56
0.09
0.02
5.52
5.19
5.00
7.54
6.42
5.63
7.65
8.25
5.51
5.50
514
517
513
492
507
7.85
6.69
5.76
7.90
8.30
8.04
6.89
5.88
8.14
8.50
7.90
6.71
5.70
7.94
8.50
7.71
6.49
5.53
7.69
8.50
7.44
6.22
5.35
7.50
8.50
798.39
792.16
763.93
833.09
876.29
925.29
5.54
5.13
7.30
6.30
5.41
7.48
8.50
927.74
57
53
1 754
7750
1 757
1 755
5.54
5.50
5.52
497
495
515
516
7.04
6.21
5.39
7.43
8.50
6.90
6.03
6.79
5.88
5.33
7.21
8.50
6.68
5.81
5.19
7.10
8.50
937.02
538
7.29
8.50
951 16
93892
5.50
96237
Labor markets (thousands, seasonally adjusted, unless otherwise noted) 1
Civilian labor force
Labor force participation rates (percent):
Males 20 and over
Females 20 and over
16-19 years of age
Civilian employment
Ratio, civilian employment to working-age
population (percent)
Persons engaged in nonagricultural activities
Employees on nonagricultural payrolls
Goods-producing industries
Services-producing industries
Average weekly hours, manufacturing (hours)
Average weekly overtime hours, manufacturing
(hours)
Number of persons unemployed
Unemployment rates (percent):
Total
15 weeks and over
Average duration of unemployment (weeks)
Nonfarm business sector, 1992=100:
Output per hour of all persons
Unit labor costs
Hourly compensation
See footnotes at the end of the table.
133,943 136,297 134,977 135,060 135,729 135,689 136,115 136,043 136,060 136,206 136,294 136,404 136,439 136,406 136,864 137,169
76.8
59.9
52.3
77.0
60.5
51.6
76.9
60.3
51.9
76.8
60.3
52.2
77.1
60.3
51.9
76.9
60.3
52.6
77.1
60.5
52.4
77.1
60.4
52.0
76.9
60.5
51.9
77.0
60.5
51.2
126,708 129,558 127,746 127,899 128,541 128,515 129,035 129,275 129,494 129,392
63.2
63.8
63.4
63.4
63.5
63.5
63.7
63.8
63.8
63.7
77.0
60.5
51.4
76.9
60.6
51.0
76.8
60.6
51.0
76.8
60.5
50.9
77.0
60.4
51.8
77.0
60.7
51.6
129661 129,747 129,761 129,910 130,575 130,777
63.8
63.8
63.7
63.8
64.0
64.1
123,264 126,159 124,383 124,476 125,088 125,175 125,648 125,813 126,076 126,003 126,209 126,368 126,339 126,583 127,191 127,392
119,523 122,257 120,450 120,659 120,909 121,162 121,344 121,671 121,834 122,056 122,440 122,492 122,792 123,083 123,495 123,865
24,431 24,738 24,508 24,540 24,581 24,653 24,670 24,667 24,702 24,714 24,713 24,765 24,771 24,814 24,891 24,980
95,092 97,519 95,942 96,119 96,328 96,509 96,674 97,004 97,132 97,342 97,727 97,727 98,021 98,269 98,604 98,885
41.6
42.0
41.7
42.0
41.8
41.9
42.1
42.1
42.0
41.8
41.8
41.8
41.9
42.0
42.1
42.3
4.5
4.8
4.6
4.7
4.7
4.7
4.9
4.9
4.8
4.6
4.7
4.7
4.7
4.8
4.9
4.9
7,236
6,739
7,231
7,161
7,188
7,174
7,080
6,768
6,566
6,814
6,633
6,657
6,678
6,496
6,289
6,392
5.4
1.7
16.7
102.0
107.9
110.1
4.9
1.5
15.8
5.4
1.6
16.1
102.4
108.9
111.5
5.3
1.6
15.8
5.3
1.6
15.9
5.3
1.6
15.9
102.8
109.7
1128
5.2
1.5
15.4
5.0
1.5
15.4
4.8
1.5
15.3
103.4
110.0
113.7
5.0
1.5
15.3
4.9
1.6
16.5
4.9
1.5
15.8
104.4
109.9
1148
4.9
1.5
15.9
4.8
1.5
16.3
4.6
1.4
15.6
4.7
1.4
16.3
D-42
SURVEY OF CURRENT BUSINESS
• National Data
February 1998
Table D.1.—Domestic Perspectives—Continued
1997
1996
1996
1997
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
July
June
Sept.
Aug.
Oct.
Nov.
Dec.
Construction (seasonally adjusted at annual rates) 4
Total new private construction put in
place (billions of dollars)
Residential
Nonresidential
437.1
247.2
149.4
461.9
260.2
161.2
448.9
248.3
159.9
447.0
247.9
157.4
444.4
246.7
161.0
452.0
251.4
163.7
452.7
254.0
160.5
457.6
259.9
156.5
459.9
259.7
160.0
456.9
257.3
159.2
464.3
258.8
164.5
465.2
260.0
163.4
468.8
263.8
163.3
469.6
265.7
162.0
469.4 472.9
268.1 271.9
159.8 159.1
Housing starts (thousands of units):
Total
1-unit structures
1,477
1,161
1,476
1,134
1,486
1,133
1,353
1,024
1,375
1,125
1,554
1,237
1,479
1,142
1,483
1,133
1,402
1,098
1,503
1,134
1,465
1,149
1,395
1,091
1,507
1,181
1,527
1,122
1,531 1,519
1,161 1,092
788
794
822
826
825
765
812
798
814
790
New 1 -family houses sold
(thousands of units)
757
764
802
830
4
Manufacturing and trade, inventories and sales (millions of dollars, seasonally adjusted)
Inventories:
Total manufacturing and trade
Manufacturing
Merchant wholesalers
Retail trade
1,004,425
434,434
255,808
314,183
Sales:
Total manufacturing and trade
Manufacturing
Merchant wholesalers
Retail trade
8,601,158
3,735,183
2,420,679
2,445,296
1,003,740 1,004,425 1,007,618 1,011,899 1,013,376 1,017,150 1,019,025 1,026,255 1,027,787 1,030,243 1,037,172 1,040,265 1,044,278
435,200 434,434 435,743 437,873 438,560 441,508 443,460 444,823 446,602 448,447 449,152 452,139 453,921
255,670 255,808 257,895 258,088 259,389 258,046 259,029 264,154 262,314 264,899 268,112 268,183 270,627
312,870 314,183 313,980 315,938 315,427 317,596 316,536 317,278 318,871 316,897 319,908 319,943 319,730
730,974
319,296
205,712
205,966
728,760
316,306
205,560
206,894
737,464
319,725
207,506
210,233
747,790
322,967
211,801
213,022
745,460
322,923
210,195
212,342
746,769
326,909
209,926
209,934
742,945
323,567
210,008
209,370
750,027
328,315
210,772
210,940
757,485
332,895
211,041
213,549
752,886
330,178
208,336
214,372
762,543
335,366
213,372
213,805
759,880
334,064
212,299
213,517
758,095
333,138
210,864
214,093
Industrial production indexes and capacity utilization rates (seasonally adjusted) 2
Industrial production indexes,
1992=100:
Total
By industry:
Durable manufactures
Nondurable manufactures ....
By market category:
Consumer goods
Capacity utilization rates (percent):
Total industry
Manufacturing
118.5
124.5
120.6
120.9
121.3
122.1
122.5
123.1
123.3
123.5
124.5
125.2
125.6
126.5
127.5 128.1
131.7
108.0
142.4
111.1
134.9
109.6
135.3
110.3
136.1
110.2
137.8
110.4
138.7
110.5
139.5
110.8
140.1
110.7
141.2
110.5
142.4
110.9
144.3
111.0
144.4
111.3
145.4
112.0
147.8 148.8
112.7 113.1
111.8
114.4
113.1
113.6
113.2
113.1
113.4
113.4
113.9
113.5
113.9
114.6
114.5
115.4
116.3 116.6
82.4
81.4
82.7
81.7
82.5
81.5
82.5
81.5
82.4
81.4
82.6
81.7
82.5
81.6
82.6
81.6
82.4
81.4
82.3
81.3
82.6
81.5
82.8
81.8
82.7
81.6
83.0
81.8
Credit market borrowing (billions of dollars, seasonally adjusted at annual rates)2
All sectors, by instrument:
Total
Open market paper
U.S. government securities
Municipal securities
Corporate and foreign bonds ...
Bank loans n e e
Other loans and advances
Mortgages
Consumer credit
Sources:
1. Bureau of Labor Statistics.
2. Federal Reserve Board.
1,321.0
102.6
376.5
1.3
278.4
1,359.0
142.3
379.7
1,041.4
199.2
186.9
1,284.9
109.5
189.1
1,255.0
172.0
201.9
44.2
23.2
76.5
40.4
332.4
129.3
335.4
341.9
92.6
50.2
61.8
14.0
1538
-4.1
1267
67.2
48.7
85.9
330.6
345.9
283.5
322.7
321.4
88.8
38.6
69.6
578
42.7
3. Standard and Poor's, Inc.
4. Bureau of the Census,
n.e.c. Not elsewhere classified.
83.3
82.4
83.4
82.5
SURVEY OF CURRENT BUSINESS
February 1998
National Data • D-43
E. ChartSPercent changes shown in this section are based on quarter-to-quarter changes and are expressed at seasonally
adjusted annual rates; likewise, levels of series are expressed at seasonally adjusted annual rates as appropriate.
SELECTED NIPA SERIES
Chained (1992) dollars
Apr Feb
Dec Nov
Nov
JanJIyJIy
Mar
Nov
Jty Mar
28000
28000
REALGROSS DOMESTIC PRODUCT PER CAPITA
26000-
-26000
24000-
-24000
22000-
-22000
20000-
-20000
18000-
16000-
14000-
12000-
ioooo
Percent
20
Tn f
59' 'ei 1
' '
'71!
ITS'
ITS'
"77"
"79"
'si'
._ _ .
Apr Feb
/ijlROSS DOMESTIC PRODUCT (PERCENTCHANGE)
15 -
10 -
59
US. Department o« Commerce. Bureau ol Economic Analysis
(93' 195) '97
D-44 • National Data
SURVEY OF CURRENT BUSINESS
February 1998
SELECTED NIPA SERIES
Percent
Dec Nov
APT Fab
60
Nov
Mar
Jan Jlv Jlv
Jlv Mar
Nov
60
OF FEDERAL GOVERNMENT RECEIP
"':";'
Personal tax and nontax paymeflis,.
50 -
-50
40 -
\- 40
30 -
-30
20
- 20
10
- 10
Indirect business taxes
59'
'6V
'63'
'65'
'67 1
'69 1
71 '
'73'
'75'
'77 1
'79 1
' 81'
'83'
'85'
'87 1
'89 1
'91 1
'93 1
'95 '
'97
Percent
70
Dec Nov
APT Feb
Nov
Jan Jlv Jlv
Mar
Nov
Jlv Mar
SHASK OF FEDERAL GOVERNMENT CURREMT.fXPENDITllRES
Grate to Slale and local governments
Percent
59
61
63
65
67
71'
'73'
'75
77
'79'
'si'
'83'
'81'
'83'
'85'
>85 '
RAUtt GOVERNMENT SURPLUS/DEFICIT! NIPMJ8 GROSS DOMESTIC PRODUCT
59'
'61'
I '83' '65' '67' '69'
LJ LJ L,l
-8
'71'
U.S. Department of Commerce, Bureau of Economic Analysis
'73'
'75'
'77'
'79'
'87
91'
'93'
'95'
'97
SURVEY OF CURRENT BUSINESS
February 1998
National Data •
D-45
SELECTED NIPA SERIES
Percent Aof Fob
25
Dec Nov
JanJIv Jtv
Nov Mar
Jlv Mar
Nov
25
RATIQi'SAVING TO GROSS NATIONAL PRODUCT
20-
-20
15
10-
-10
5-
-5
59'
Percent
25
'er
'es'
'es'
'67' '69' 71 ' '73' '75'
Anr Feb
Dec Nov
(WHO, INVESTMENT TO GROSS NATIONAL PRODUCT
Nov Mar
'77' '79' 'sr
Jan Jtv Jlv
'83 ' 'as'
'89' '91' '93' '95' '97
Nov
Jlv Mar
-5
25
20-
-20
15-
-15
Gross private domestic investmert *'"
-10
10-
Gross government investment.,
5-
6567
Percent
Apr Feb
60
'71!
lml
'13 1
Dec Nov
Nov Mar
Jan Jlv Jlv
lal >HI
I
87I
'91'
Nov
-5
97
ln>
Jlv Mar
SHARE OF GROSS PRIVATE DOMESTIC FIXED IIWESTMENT
50Producers' durable equipment, nonreadenlial
40-
Residential investment
30-
20-
10
59
61
63
65
67' '69' '71
US. Department of Commerce, Bureau of Economic Analysis
ITS'
"75"
"77! '79
81'
'83 '
'85'
'89'
'91'
'93'
'95'
'97
-5
D-46
• National Data
SURVEY OF CURRENT BUSINESS
February 1998
SELECTED NIPA SERIES
SHARES OF NATIONAL INCOME
1959
Wage and salary
accruals, 63.3%
1996
Wage and salary
accruals, 58.1%
Net interest, 2.5%
Net interest, 6.8%
Corporate profits
with IVA and CCAdj, 12.2%
wth IVA, 4.4%
Supplements to
wages and salaries, 5.2%
Corporate profits
with IVA and CCAdj, 11.8%
Supplements to
^es and salaries, 12.7%
Rental income of persons
Proprietors' income
wth IVA, 2.3%
with IVA and CCAdj, 8.3%
Proprietors' income
with IVA and CCAdj, 12.3%
SHARES OF GROSS DOMESTIC PRODUCT BY SECTOR
1959
1996
Business, 86.1%
Business, 83.8%
General
government, 11.4%
General
government, 11.6%
Households and
institutions, 2.4%
Households and
institutions, 4.5%
SHARES OF GROSS DOMESTIC PURCHASES
1959
Personal
consumption
expenditures, 62.5%
Nonresidential
investment, 10.0%
Government consumption
expenditures and gross
investment, 18.2%
Government consumption
expenditures and gross
investment, 22.0%
Residential investment, 5.5%
U.S. Department of Commerce, Bureau of Economic Analysis
1996
Personal
consumption
expenditures, 67.4%
Nonresidential
investment, 10.4%
Residential investment, 4.0%
SURVEY OF CURRENT BUSINESS
February 1998
National Data •
D-47
SELECTED NIPA SERIES
Percent
Dae Nov
APT Feb
60
Nov
Mar
Jan Jlv Jlv
Jlv Mar
Nov
60
SHAH63 OF GROSS DOMESTIC PRODUCT BY TVPE OF PRODUCT
Output of services
50 -
r50
40 -
-40
30 -i
-30
20 -
-20
Output of structures
10 -
-10
59'
Percent
14
'69'
'71
to fab
Dec Nov
EXPlfTS AS SHARE OF GROSS DOMESTIC PRODUCT
IMPORTS AS SHARE OF GROSS DOMESTIC PURCHASES
'73'
Nov
7Q
'75'
fl1
Jan Jlv Jlv
Mar
A*?
A7
A*?
flQ
Nov
O1
97
Jlv Mar
14
12 -
-12
10 _
1-10
8 _
h 8
Exports
6 _
- 6
'61'
Percent
60
'63'
'65'
'67'
Anr Fab
71 '
Dae Nov
'731
'75'
'77 1
NOT Mar
'79'
811
Jan Jlv Jlv
SHAR86 OF PERSONAL CONSUMPTION EXPENOTTURES BY TYPE OF PRODUCT
'83
'85'
'87'
'89'
'91 1
'93'
Jlv Mar
Nov
'95'
'97
60
Services
50-
-50
40-
-40
30-
30
20"
20
Durable goods
10"
10
«
ea
67
. TI
U.S. Department of Commerce, Bureau ol Economic Analysis
73
77
79
si
«
93
D-48 • National Data
SURVEY OF CURRENT BUSINESS
February 1998
SELECTED NIPA SERIES
Percent
20
Dec NOT
Apr Feb
Nov
JanJIyJIy
Mar
NOT
Jlv Mar
20
PRQRT MARGIN, DOMESTIC NONFINANCIAL CORPORATIONS'
16 -
-16
12 -
12
8-
- 8
4-
'Ratio of corporate profits per unit to cost and profit per unit
*<
Ratio
l«l
lea'
Us'
I67I W
ITI'
Dec Nw
Apr Feb
'73'
^87^ '39'
Jan Jlv Jly
Nov Mar
Nov
'91'
'93'
'95'
'97
Jlv Mar
INVENTORY/SALES RATIOS, CURRENT-DOLLAR'
Nonfarm inventories to
final sales of goods and structures
-4
Inventories to
final sales of domestic business
3-
-3
Nonfarm inventafws to
final sales of domestic business
~2
'Based on current-dollar$$mates of inventories and sales
Ratio
5
59' '61
, _.
Apr Feb
'es
1
'es
1
]
7il
Dec Nw
173'
ITS'
'77'
Nov Mar
'79'
's"
Jan Jly Jly
'as'
'95!
'as'
Jly Mar
Nov
INVBITORY/SALES RATIOS, REAL'
Nonfarm inventories to
final sales of goods and structures
4-
3-
Inventories to
final sales of domestic business
Nonfarm inventories to
final sales of domestic business
2-
-2
'Based on chained (1992) dollar es&nales of inventories and sales
59!
le,l lnl
lnl
U.S. Department ot Commerce, Bureau of Economic Analysis
ITS' IT/'
T81I
I IH>
|^"™T
W I91I
t
i
i
i
i
1
SURVEY OF CURRENT BUSINESS
February 1998
National Data
OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent NovMar
JanJIyJIyNov
Percent
JlyMar
COrJjIlER PRICE INKX llJRCENT CHANGE)
I
JanJIyJIy Nov
Nov Mar
PRODUCER PRICE INDEX (PERCENT CHANGE)
JlyMar
-4 -
M I I I I TI I I I I I 1 \ I I I I 1 II I I I
72 74
Index
130
Nov Mar
76 78 80
82 84 86 88
JanJIyJIyNov
90 92 94
96
JlyMar
120-
•8
I I I I I M I I I 1 II I I II I I I I I I M
72 74 76 78 80 82 84 86 88 90 92 94 96
Percent
JlyMar
Nov Mar
JanJIyJIyNov
95
90 -
11085 -
10080 -
9075 -
8070 -
70-
60
I I I I I I I I ! I I I I ! I I I I I I I I I I I
72 74 76 78 80 82 84 86 88 90 92 94 96
Hours,
JanJyJtyNov
JlyMar
NovMar
43
E WEEKLY HdtlRSH&NUFACTURING
65
I I I I I I I I I I I I I I II I I I I I I I I I
72 74 76 78 80 82 84 86 88 90 92 94 96
Hours
Nov Mar
JanJIyJIyNov
JlyMar
AV3W6E WEEKLY OVERTIME HOURS, MANUFACTURING
4241 -
40-
39-
38-
37
I I I I I I I I I II
I I I I
72 74 76 78 80 82 84 86
I I I I I I I II
90 92 94 96
U.S. Department o( Commerce, Bureau of Economic Analysis
I III IM
TIT I I M I M I I I I
72 74 76 78 80 82 84 86 88 90 92 94
M
96
D-49
D-50 • National Data
SURVEY OF CURRENT BUSINESS
February 1998
OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent
Nov Mar
12
JanJIyJIyNov
Percent Nov Mar
JanJIyJIyNov
18
INTEREST RATES
JlyMar
UN6MPLOYMENT RATE
10-
15-
8-
12-
6-
9-
4-
6-
2-
JJyMar
3-
u
f i l l
72 74 7
I I I I I I I I I I I I I I I I I I I I I I I I I
72 74 76 78 80 8 2 8 4 8 6 8 8 90 92 94
Percent
Nov Mar
JanJIyJtyNov
JlyMar
96
MONBf SUPPLY (PERCENfCHANGE)
Ratio
8.0
Nov Mar
I FT Fl I I I 1 I I I
I I I F
78 80 8 2 8 4 8 6 8 8 9 0 9 2 9 4 96
JanJIyJIyNov
JlyMar
RATIO, GDP TO M1
7.57.06.56.05.55.04.5-
I I I 'I I I I I I I I I I I I I \ f I i I I I I I
72 74 76 78 80 8 2 8 4 8 6 8 8 9 0 9 2 9 4 96
Millions
Nov Mar
JanJIyJIyNov
JlyMar
3.0
2.5 -
4.0
. I I I I I I I I I I
72 74 76 78 80 82
Thousands
1000
Nov Mar
I I I
I
I
I I I I
84 86 88 90 92 94 96
JanJIyJIyNov
JlyMar
SALESW NEW ONE-FA«ILfiglUSES
800 J
2.0 -
6001.5 400-
1.0 -
200-
0.5-
I I I I ! I I I I I I I I I I I I I I I I I I I I
72 74 76 78 80 8 2 8 4 8 6 8 8 9 0 9 2 9 4 96
US. Department of Commerce, Bureau of Economic Analysis
I ! I I I !!
I I I I I I I I I I I I I I I I I I
72 74 7 6 7 8 8 0 8 2 8 4 8 6 8 8 9 0 9 2 9 4 96
International Data • D-51
SURVEY OF CURRENT BUSINESS
February 1998
International Data
F. Transactions Tables.
Table F.i includes the most recent estimates of U.S. international trade in goods and services; the estimates were
released on January 21,1998 and include "preliminary" estimates for November 1997 and "revised" estimates for
October 1997. The sources for the other tables in this section are as noted.
Table F.1.—U.S. International Transactions in Goods and Services
[Millions of dollars; monthly estimates seasonally adjusted]
1997
1996
1995
1996
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept
Oct.'
794,610
848,833
73,088
73,969
72,444
71,848
74,282
78,124
78,385
77,989
78,365
77,845
78,890
78,116
80,230
79,197
Goods
Foods, feeds, and beverages
Industrial supplies and materials
Capital goods, except automotive
Automotive vehicles engines and parts
Consumer goods (nonfood), except automotive
Other goods
Adjustments1
575,871
50,473
146247
233,046
61828
64,425
28723
-8,871
612,069
55,534
147652
252,895
65021
70,138
33836
-13006
52,503
4,545
12679
22,049
53,209
5,012
12,252
22,211
5,878
6,070
3064
-1,279
52,133
4,398
12,463
22,052
5465
6,015
3056
-1,316
51,686
4,327
12,091
21 ,555
5600
6,068
2595
53,687
4,272
12,706
22,715
5,907
6,264
2,493
57,155
4,181
13,731
24,713
6228
6,481
2808
57,162
4,162
13,507
24,971
6,171
6,339
2709
56,871
4,052
13399
24,760
5935
6,663
3057
57,378
3,929
13,885
24,482
6,251
6,720
2968
57,326
4,234
13,373
24,913
58,450
4,681
13229
25,350
6458
6,752
57,781
4,643
13073
24,649
3010
3021
-671
-988
-697
-995
-857
6,448
3228
-1,044
56,370
4,337
13,133
24,778
5,844
6,400
-551
56,745
3,832
13,169
24,898
6,261
6,397
3,218
-1,031
-1,133
-1,040
-666
Services
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Transfers under U.S. military agency sales contracts2
U S Government miscellaneous services
218,739
63,395
19125
27,412
27383
66,850
13,756
818
236,764
69,908
20557
27,216
29974
73,569
14,647
893
20,585
6,145
20,311
5,823
1,690
2,349
2574
6,426
1,381
68
20,162
5,947
1,711
2,291
20,595
6,243
1,797
2,321
2,563
6,588
1,015
68
20,969
6,366
1,811
2,387
2575
6,662
1,101
67
21,223
6,389
1,880
2,379
2550
6,756
1,205
64
21,118
6,189
20,987
6,027
1,801
2,299
2,532
6,995
1,270
63
21,100
6,098
1,805
2,289
2,541
7,059
1,245
63
21,564
6,342
1,846
2,423
2535
7,108
1,247
63
21,746
6,537
1,920
2,428
2,528
7,022
1,248
63
21,780
6,418
1,877
2,459
21,416
6,186
2,400
2559
6,321
1,299
70
20,760
6,215
1,801
2,393
2,570
6,370
1,342
69
896,467
959,873
81,023
81,634
83,045
83,458
84,138
85,955
86,504
87,178
86,702
87,589
87,945
89,344
89,321
87234
Goods
Foods, feeds and beverages
Industrial supplies and materials
Capital goods except automotive . . .
Automotive vehicles, engines, and parts
Consumer goods (nonfood) except automotive
Other goods
Adjustments '
749,431
33,176
181,849
221,431
123,795
159,905
23,387
5888
803,239
35,710
204,482
229 050
128,938
171 007
26,102
7950
67,823
3,009
18,250
18,943
10,156
14952
2,198
315
68,385
2,976
17,562
19,330
11,234
14,749
2,245
289
69828
3,189
18,698
19,581
10,846
15,149
2,130
235
69,834
3,074
17,944
19,466
11,763
15,117
2,224
247
70,448
3,105
17,641
19,439
12,113
15,256
2,465
429
72,032
3,328
17,969
20,422
11,685
14,927
2,244
1 456
72,689
3,358
17,575
20,686
11,366
16,214
2,472
1 019
73,234
3,378
17,905
20,988
11,625
16079
2,361
897
72,622
3,251
17,565
21 ,250
11,594
15,716
2,355
891
73,593
3,395
17,456
21,574
12,291
16,100
2,549
227
73,885
3,347
17,878
22,060
11,817
16009
2,531
242
74,908
3,395
18,288
21,984
11,821
16,656
2,505
259
74,929
3,304
18,363
22386
11,252
16645
2,738
242
72879
Services
Travel ... .
Passenger fares
Other transportation
Royalties and license fees
Other private services
Direct defense expenditures2
U S Government miscellaneous services
147,036
46,053
14,433
28249
6,503
39285
9,890
2623
156,634
48,739
15,776
28453
7,322
42796
10,861
2687
13,200
4,025
1,344
2478
577
3640
909
227
13,249
4,156
1,367
2,323
589
3680
907
227
13,217
4,061
1,342
2366
604
3707
911
226
13,624
4,295
1,411
2448
588
3739
914
229
13,690
4,312
1,425
2,439
598
3770
917
229
13,923
4,411
1,447
13,815
4,275
1,397
2518
14,080
4,388
1,412
2,478
623
4062
891
226
13,996
4,288
1,398
2,420
659
4,104
899
228
14,060
4,289
1,399
2523
641
14,436
4,524
1,484
2575
651
4074
901
227
14,392
4,471
1,458
2588
660
4069
919
227
14355
4537
2491
13,944
4,340
1,392
2546
615
3933
892
226
Exports of goods and services
Imports of goods and services
Memoranda;
Balance on goods
Balance on services
Balance on goods and services
p
5410
6,141
2744
-1,065
1791
6,510
1,074
68
613
3811
922
228
609
3893
896
227
1830
2,365
2540
6,878
<252
64
4081
900
227
2531
7,168
1,261
66
6910
6597
2576
1827
2437
2533
7110
1,258
65
3192
17129
21 376
11789
16752
2409
233
1480
2493
671
4051
896
227
-173560 -191 170 -15,320 -15,176 -17,695 -18,149 -16,761 -14,877 -15,528 -16363 -15,244 -16,849 -16559 -18538 -16 479 -15 098
7,174
7,094
6,905
6,907
7,104
80,130
7,385
7,511
6,538
7,046
7,408
7,504
71,703
7,310
7,388
7061
-7935 -7,665 -10,601 -1 1 61 1 -9856 -7831 -8,120 -9189 -8,337 -9,745 -9055 -11228 -9091 -8037
-101 857 -111040
Preliminary.
1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and
definitions used to prepare BEA's international and national accounts.
2. Contains goods that cannot be separately identified.
2561
6174
Nov.''
Source: U.S. Department of Commerce, Bureau of Economic Analysis and Bureau of the Census
D-52 • International Data
SURVEY OF CURRENT BUSINESS
February 1998
Table F.2.—U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
(Credits +; debits -) '
Line
1996
II
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
63a
64
65
66
67
68
69
70
Exports of goods, services, and income
Goods adjusted excluding military2
Services 3
Transfers under U S military agency sales contracts4
Travel
Passenger fares
Other transportation
Royalties and license fees 5
Other private services 5
U S Government miscellaneous services
Income receipts on U S assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts .
Imports of goods, services, and income
Goods adjusted excluding military2
Services3
Direct defense expenditures
Travel
Passenger fares .
Other transportation
Royalties and license fees5
Other private services5
U S Government miscellaneous services
Income payments on foreign assets in the United States
Direct investment payments
Other private payments
.
U.S. Government payments
Unilateral transfers net
US Government grants4
U S Government pensions and other transfers
..
Private remittances and other transfers6
U S assets abroad net (increase/capital outflow (-))
U S official reserve assets net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
. . .
U.S. Government assets, other than official reserve assets, net
U S credits and other long-term assets
Repayments on U.S. credits and other long-term assets8
U.S. foreign currency holdings and U.S. short-term assets, net
U S private assets net
Direct investment
Foreign securities
U.S. claims on unaffiiiated foreigners reported by U.S. nonbanking
concerns
U.S. claims reported by U.S. banks, not included elsewhere
Foreign assets in the United States, net (increase/capital inflow (+)) ....
Foreign official assets in the United States net
U S Government securities9
U S Treasury securities
Other10
Other U S Government liabilities "
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States net
Direct investment
U S Treasury securities and U S currency flows
U S securities other than U S Treasury securities
U.S. liabilities to unaffiiiated foreigners reported by U.S. nonbanking
concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
Of which seasonal adjustment discrepancy
Memoranda:
Balance on goods (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 64 and 65)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 66 and
67) 13
Unilateral transfers net (line 29)
Balance on current account (lines 1, 15, and 29 or lines 68 and 69) l3
See footnotes to table F.3.
Seasonally adjusted
1997
1996
III
IV
I
1996
Ik
III''
II
1997
IV
III
I
'!r
III*
1,055,233
261,665
260,424
276,672
278,315
293,478
294,545
262,335
261,979
274,545
279,521
293,868
295,597
612,069
154,198
145,670
160,759
162,812
172,548
165,691
153,411
150,764
157,846
162,527
171,411
170,579
236,764
14,647
57,121
3,961
63,564
3,572
60,669
4,022
59,841
3,190
61,652
3,727
69,075
3,740
58,736
3,961
59,322
3,572
61,656
4,022
61,725
3,190
63,328
3,727
64,410
3,740
69,908
20,557
27,216
17,165
4,769
6,788
21,041
6,104
6,763
16,898
4,916
7,229
16,421
4,976
6,873
18,428
5,302
7,029
22,696
6,513
7,193
17,356
4,952
6,805
17,659
5,237
6,716
18,183
5,282
7,142
18,556
5,319
6,999
18,605
5,511
7,043
18,977
5,571
7,140
29,974
73,569
893
7,170
17,082
187
7,410
18,464
210
8,273
19,124
207
7,389
20,789
203
7,445
19,530
191
7,527
21,217
189
7,345
18,130
187
7,495
18,433
210
7,703
19,117
207
7,699
19,759
203
7,622
20,629
191
7,604
21,189
189
206,400
98,890
102,866
4,644
50,346
24,318
25,053
975
51,190
23,837
25,938
1,415
55,243
27,123
27,232
888
55,663
26,164
28,544
955
59,278
28,380
30,151
747
59,779
27,138
31,643
998
50,188
23,929
25,053
1,206
51,893
24,675
25,938
1,280
55,043
26,898
27,232
913
55,269
25,872
28,544
853
59,129
27,970
30,151
1,008
60,608
28,088
31,643
877
-1,163,450
-289,195
-301,489
^302,337
-300,017
-422,999
-335,255
-289,231
-295,865
-299,493
-310,811
-322,760
-328,549
-803,239
-199,450
-205,518
-210,542
-204,876
-217,230
-225,289
-200,973
-203,257
-206,036
-212,314
-218,545
-222,128
-156,634
-10,861
-40,128
-2,747
-42,415
-2,780
-38,253
-2,727
^38,247
-2,753
-43,073
-2,679
^5,746
-2,700
-38,953
-2,747
-39,345
-2,780
-39,664
-2,727
-41,238
-2,753
-41,839
-2,679
-42,492
-2,700
-48,739
-15,776
-28,453
-13,236
-4,188
-7,222
-14,321
-4,406
-7,380
-10,690
-3,637
-7,203
-10,935
-3,947
-7,191
-14,205
-4,445
-7,514
-15,664
^,789
-7,686
-12,099
-3,943
-7,253
-11,915
-4,920
-7,218
-12,241
-4,053
-7,166
-13,018
-4,283
-7,378
-13,003
-4,201
-7,542
-13,101
-4,281
-7,518
-7,322
-42,796
-2,687
-1,606
-10,473
-2,154
-10,682
-1,865
-11,451
-1,772
-10,962
-1,758
-11,793
-1,963
-12,262
-1,684
-10,570
-2,144
-10,676
-1,770
-11,027
-1,799
-11,321
-1,847
-11,888
-1,951
-12,259
-203,577
-32,132
-100,103
-71,342
^9,616
-8,184
-24,600
-16,832
-657
-692
-680
-686
-679
-682
-657
-53,556
-9,905
-25,158
-18,493
-53,542
-7,554
-26,135
-19,853
-56,895
-6,175
-27,581
-21,139
-62,696
-10,561
-29,341
-22,794
-64,220
-10,992
-29,759
-23,469
-49,305
-7,873
-24,600
-16,832
-692
-680
-53,263
-9,612
-25,158
-18,493
-53,793
-7,805
-26,135
-19,853
-686
-679
-682
-57,259
-6,539
-27,581
-21,139
-62,376
-10,241
-29,341
-22,794
-63,929
-10,701
-29,759
-23,469
-39,968
-5,122
-9,103
-12,305
-8,604
-8,623
^9,061
-6,689
-6,947
-11,926
-8,682
-8,960
-9,204
-14,933
-4,331
-20,704
-2,423
-5,499
-1,407
-5,399
-2,109
-5,700
-2,245
-1,057
-5,321
-2,252
-4,918
-2,690
-1,188
-5,225
-5,873
-2,423
-1,081
-5,185
-2,690
-1,064
-5,193
-5,499
-1,050
-5,377
-2,109
-1,083
-5,490
-2,245
-1,128
-5,587
-2,252
-1,099
-5,853
-352,444
-51,161
-78,638
-149,829
-130,316
-92,849
-103,146
-49,698
-77,542
-154,436
-127,969
-90,935
-101,564
-781
-795
-936
6,668
-523
7,489
-015
4,480
-236
-730
-523
7,489
^315
4,480
-236
-730
370
-1,280
7,578
-133
-220
-170
848
-146
72
1,055
3,353
-133
-139
848
-146
72
1,055
3,353
-133
-139
-463
-128
-183
6,824
-28
-141
-157
-128
-133
-220
-170
-268
54
^63
-183
6,824
-28
-141
54
-157
-690
-358
-4,930
4,134
106
-1,489
870
261
162
-1,127
1,206
83
-1,238
1,045
-91
-21
-1,107
1,111
-25
-1,613
1,358
-13
482
-1,382
1,872
-6
^358
-1,489
870
261
162
-1,127
1,206
83
-1,238
1,045
-91
-21
-1,107
1,111
-25
-1,613
1,358
-13
482
-1,382
1,872
-4
-458,422
-87,813
-108,189
-50,280
-25,097
-20,328
-86,289
-12,200
-23,206
-149,230
-26,258
-00,200
-134,775
-28,773
-14,510
-92,345
-38,573
-21,841
-102,898
-26,243
-37,995
^8,817
-23,634
-20,328
-85,193
-11,104
-23,206
-153,837
-40,865
-30,200
-132,428
-26,426
-14,510
-90,431
-36,659
-21,841
-101,316
-24,661
-37,995
-64,234
-98,186
-6,047
192
-17,294
-33,589
-26,115
-66,657
-29,466
-62,026
-3,984
-27,947
-15,900
-22,760
-5,047
192
-17,294
-43,589
-26,115
-66,657
-29,466
-62,026
-3,984
-27,947
-15,900
-22,760
547,555
106,568
159,231
193,738
181,978
143,508
170,177
106,114
158,629
194,579
182,238
143,015
169,540
122,354
115,634
111,253
4,381
720
4,722
1,278
13,154
-2,125
-3,383
1,258
33,097
35,418
33,564
1,854
160
^,270
1,789
28,891
23,940
23,289
651
478
7,698
-3,225
-5,374
-11,464
-12,108
644
654
4,536
900
22,498
9,148
6,485
2,663
16
12,705
629
13,154
-2,125
-3,383
1,258
14,198
1,285
24,089
26,689
25,472
1,217
907
-1,922
-1,585
14,198
1,285
24,089
26,689
25,472
1,217
907
-1,922
-1,585
33,097
35,418
33,564
1,854
160
^,270
1,789
28,891
23,940
23,289
651
478
7,698
-4,225
-5,374
-11,464
-12,108
644
654
4,536
900
22,498
9,148
6,485
2,663
16
12,705
629
425,201
76,955
172,878
133,798
93,414
17,894
36,152
29,761
135,142
26,579
50,798
35,115
160,641
16,820
75,326
32,447
153,087
30,381
51,289
38,820
148,882
27,101
49,915
51,682
147,679
21,713
43,494
60,770
92,960
17,440
36,152
29,761
134,540
25,977
50,798
35,115
161,482
17,661
75,326
32,447
153,347
30,641
51,289
38,820
148,389
26,608
49,915
51,682
147,042
21,076
43,494
60,770
31,786
9,784
7,288
2,319
20,610
2,040
-2,912
38,960
15,210
17,387
-7,916
28,100
7,600
14,102
7,288
2,319
20,610
2,040
-2,912
38,960
15,210
17,387
-7,916
28,100
7,600
14,102
-46,927
-19,755
-30,424
-5,938
-21,356
-12,515
-17,260
-20,831
-1,076
-38,254
-7,830
-3,269
2,669
-14,297
7,059
-14,228
-1,713
-25,820
-8,560
-191,170
80,130
-111,040
2,824
^5,252
16,993
-28,259
729
-59,848
21,149
-38,699
-2,367
^9,783
22,416
-27,367
1,701
-42,064
21,594
-20,470
-1,232
-44,682
18,579
-26,103
^3,418
-59,598
23,329
-36,269
-4,441
-47,562
19,783
-27,779
883
-52,493
19,977
-32,516
-1,370
-48,190
21,992
-26,198
1,250
^9,787
20,487
-29,300
-1,990
^7,134
21,489
-25,645
-3,247
-51,549
21,918
-29,631
-3,321
-108,216
-09,968
-148,184
-27,530
-6,122
^35,652
-41,066
-9,103
-50,169
-25,666
-12,305
-37,971
-21,702
-8,604
-30,306
-29,521
-4,623
-48,144
-40,710
-9,061
-49,771
-26,896
-8,689
-35,585
-33,886
-6,947
^2,833
-24,948
-11,926
-36,874
-41,290
-8,682
-49,972
-28,892
-6,960
-37,852
-32,952
-9,204
^2,156
-204
-284
-204
-284
-268
D-53
International Data
SURVEY OF CURRENT BUSINESS
February 1998
Table F.3.—Selected U.S. International Transactions, by Area
[Millions of dollars]
European Union I4
Western Europe
Line
I
1 Exports of goods, services, and income
Goods, adjusted, excluding military2
Services3
4
Transfers under U S military agency sales contracts4
c
Travel
Passenger fares . . . .
.
6
Other transportation
7
5
Royalties and license fees
8
9
Other private services 5
U.S. Government miscellaneous services
10
11
Income receipts on U.S. assets abroad
Direct investment receipts
12
Other private receipts
13
14
U S Government receipts
15 Imports of goods, services, and income
Goods adjusted excluding military2
16
Services3 .
.
.
.
.
17
Direct defense expenditures
18
Travel
19
Passenger fares
20
Other transportation
21
22
Royalties and license 5 5
fees
Other private services
23
24
U.S. Government miscellaneous services
Income payments on foreign assets in the United States
25
Direct investment payments
26
27
Other private payments
U S Government payments
28
29 Unilateral transfers, net
30
U.S. Government grants4
U S Government pensions and other transfers
31
32
Private remittances and other transfers6
33 U.S. assets abroad, net (increase/capital outflow (-))
34
U S official reserve assets net 7
Gold . .
.
35
Special drawing rights
36
37
Reserve position in the International Monetary Fund
38
Foreign currencies
39
U S Government assets other than official reserve assets net
U.S credits and other long-term assets
40
41
Repayments on U.S. credits and other long-term assets8
U S foreign currency holdings and U S short-term assets net
42
43
U S private assets net
44
Direct investment
45
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
46
concerns
47
U.S. claims reported by U.S. banks, not included elsewhere
48 Foreign assets in the United States, net (increase/capital inflow (+))
Foreign official assets in the United States net
49
U.S. Government securities
50
51
US Treasury securities9
Other10
52
Other U.S. Government liabilities11
53
54
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
55
56
Other foreign assets in the United States net
57
Direct investment
U S Treasury securities and U S currency flows
58
59
U S securities other than U S Treasury securities
-60
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns
61
U S. liabilities reported by U.S. banks not included elsewhere
62 Allocations of special drawing rights
63 Statistical discrepancy, and transfers of funds between foreign areas, net
(sum of above items with sign reversed)
Memoranda '.
64 Balance on goods (lines 2 and 16)
.
65 Balance on services (lines 3 and 1 7)
66 Balance on goods and services (lines 64 and 65)
67 Balance on investment income (lines 1 1 and 25)
13
68 Balance on goods, services, and income (lines 1 and 15 or lines 66 and 67)
.
.
69 Unilateral transfers net (line 29)
13
70 Balance on current account (lines 1, 15, and 29 or lines 68 and 69)
II'
82,285
38,645
19,651
934
4,678
1,448
1,942
3,711
6,896
42
23,990
12,013
11,695
282
-83,405
-40,901
-14,442
-1,780
-3,057
-1,752
-2,456
-1,213
^3,890
85,940
39,866
21,070
879
5,896
1,728
2,002
3,540
6,990
35
25,004
12,442
12,392
170
-94,876
-45,115
-17,876
-1,594
-5,609
-2,338
-2,683
-1,196
-4,168
-293
-28,063
-6,311
-13,688
-3,064
45
-102
-281
428
-83,486
-288
-31,885
-8,578
-14,475
-8,832
63
-134
-030
84,666
35,404
24,110
928
7,689
2,448
2,107
3,594
7,303
41
25,152
11,931
12,946
275
-94,109
^2,971
-18,784
-1,700
-5,911
-2,529
-2,741
-1,289
-4,324
-590
-32,354
-8,056
-14,827
-9,471
-50
-201
-306
527
457
-21,851
-41,951
-139
-142
-196
-139
-142
I
74,107
35,089
17,350
566
4,247
1,375
1,557
3,542
6,026
37
21,668
10,583
10,843
242
-75,539
-37,268
-12,697
-1,415
-2,871
-1,593
-1,932
-1,035
-3,599
-252
-25,574
-5,521
-12,762
-7,291
243
-17
-249
509
-75,870
12
109
-14
198
-71
274
-5
-83,447
-12,590
-3,366
-21,695
-22,885
4,773
-42,007
-10,479
-19,674
12
141
-35
188
-12
-76,023
-11,023
-2,135
-16,678
-50,813
111,398
11,034
(7)
-5,269
1,686
85,754
1,172
-11,854
110,212
396
-16,590
-46,275
103,122
(,8)
i'i
73
i'i
R
209
100,364
26,390
(,7)
84,582
14,755
7
30,948
32,525
12,825
C7)
-17
-112
17
( )
(
B R
a
284
R
(18)
(18)
IIr
76,451
35,147
18,686
487
5,388
1,639
1,593
3,355
6,194
30
22,618
10,967
11,506
145
-36,504
-41,220
-15,744
-1,263
-5,133
-2,102
-2,062
-995
-3,942
-247
-29,540
-7,951
-13,523
-8,066
288
-11
-282
581
-20,810
-227
1997
IIr
Ilk
23,784
9,554
5,347
213
1,602
358
458
625
2,079
12
8,883
3,795
5,088
24,050
9,327
9,050
3,537
5,513
23,597
8,149
6,393
105
2,379
566
434
706
2,191
12
9,055
3,163
5,892
-28,874
-7,578
-4,671
-136
-1,020
-631
-565
-511
-1,785
-23
-16,626
-2,666
-9,776
-4,184
350
-31,843
-7,949
-5,438
-31,997
-8,100
-5,836
1
\\\P
76,476
32,449
21,434
533
7,031
2,329
1,684
3,405
6,417
35
22,593
10,328
12,034
231
-85,845
-39,192
-16,739
-1,350
-5,529
-2,287
-2,136
-1,108
-4,080
-249
-29,914
-7,311
-13,861
. -8,742
268
-267
535
-28,853
189
-44
394
-34,277
5,673
108
2,023
379
423
630
2,099
11
-132
-100
-1,450
-1,575
-899
-514
-925
-578
-474
-544
-1,946
-23
-18,456
-3,247
-10,345
-4,864
374
-2,091
-23
-18,061
-2,422
-10,477
-6,162
390
-48
422
-44
434
-14,108
-11,745
-5
4
-20,521
-21,951
4,397
-5
^34,272
-2,446
-2,013
4
-14,112
-14,312
1,663
-11,745
2,019
-19,868
-5,152
2,185
84,121
-2,490
103,883
-6,552
-21,261
80,358
-5,037
3,574
40,075
6,'l04
57,025
R
R
(18).
-62
-51
4
-15
1
('•)
C8)
(18)
(18)
157
5
(18)
(18)
20,391
8,859
150
1,937
821
687
2,162
3,086
15
9,462
5,184
4,137
141
-36,856
-23,637
-6,567
-1,168
-1,554
-379
-967
-465
-1,547
-186
-6,652
-2,344
-2,429
-1,879
87
-144
231
-31,031
12
\\\p
40,599
20,776
9,613
109
2,536
1,008
715
2,014
3,217
14
10,210
5,783
4,295
132
-42,988
-26,620
-7,937
-1,044
-2,738
41,155
19,722
11,386
181
3,620
1,421
757
2,087
3,303
17
10,047
5,557
4,354
136
-41,993
-24,612
-8,337
-1,100
-2,959
-920
-1,026
^67
-1,679
-186
'-9,044
-4,060
-2,791
-2,193
67
-828
-1,002
^54
-1,687
-184
-8,431
-4,964
-2,570
-1,897
110
-157
267
-3,431
-227
-152
219
-16,139
189
-17
189
1
-6
-31,035
-6,631
1,504
-17
^3,187
-6,722
1,111
-16,329
-7,457
-796
-7,145
-18,763
11,978
1,708
716
42,247
-8,076
37,090
-227
1
(18)
(18)
(18)
HT
«
R
2)
C
-77
IK
38,711
12
-6
189
170
-35
204
1
-29,212
-6,504
-20,218
-227
I
8
\\
i°i
76
i°!
ioS
11,037
R
&
12$
i;p
B
(18)
109,816
12,979
24,223
12,349
5,920
13,684
1,488
ȣ2
R
i£
29,431
30,234
38,335
21,470
21,027
24,361
6,ffi
7,631
-068
17
( )
C7)
12,560
18
36,81 4
-386
18
41 ,767
,412
59,291
11,576
18
33,705
31 ,238
713
18
-4,952
-914
18
24,387
-26,837
-55,030
-58,768
-26,062
-53,546
-65,929
-41,341
-18,548
-37,270
17,111
-36,537
-20,180
-2,256
5,209
2,953
-4,073
-1,120
45
-1,075
-5,249
3,194
-2,055
-6,881
-8,936
63
-8,873
-7,567
5,326
-2,241
-7,202
-9,443
-50
-9,493
-2,179
4,653
2,474
-3,906
-1,433
243
-1,190
-6,073
2,942
-3,131
-6,922
-10,053
288
-9,765
-6,743
4,695
-2,048
-7,321
-9,369
268
-9,101
1,976
677
2,653
-7,743
-5,090
350
-4,740
1,378
235
1,613
-9,406
-7,793
374
-7,419
49
557
606
-9,006
-8,400
390
-6,010
^3,246
2,292
-5,844
1,676
-4,168
1,779
-2,389
110
-2,279
^,890
3,049
-1,841
1,003
-838
67
-771
R
r)
p Preliminary.
r
Revised.
1. Credits, +: Exports of goods, services, and income; unilateral transfers to United States; capital inflows (increase in foreign assets (U.S. liabilities) or decrease in U.S. assets); decrease in U.S. official reserve assets; increase in foreign official assets in the United States.
Debits, -: Imports of goods, services, and income; unilateral transfers to foreigners; capital outflows (decrease
in foreign assets (U.S. liabilities) or increase in U.S. assets); increase in U.S. official reserve assets; decrease in
foreign offical assets in the United States.
2. Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents,
excludes imports of goods under direct defense expenditures identified in Census import documents, and reflects
various other adjustments (for valuation, coverage, and timing) of Census statistics to balance of payments basis;
see table 2 in "U.S. International Transactions, Third Quarter 1997" in the January 1998 issue of the SURVEY.
Ilk
-196
157
-66
255
-12
1997
1997
1997
(Credits +; debits -) »
European Union (6) 15
United Kingdom
C8)
(18)
(18)
(18)
18
R
(.8)
(18)
(18)
(.8)
18
17,180
18
R
(18)
-954
2,809
1,855
87
1,942
(18)
18
21 ,581
3. Includes some goods: Mainly military equipment in line 4; major equipment, other materials, supplies, and petroleum products purchased abroad by U.S. military agencies in line 18; and fuels purchased by airline and steamship
operators in lines 7 and 21.
4. Includes transfers of goods and services under U.S. military grant programs.
5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude
U.S. parents' payments to foreign affiliates and to include U.S. affiliates' receipts from foreign parents. The definition
of imports is revised to include U.S. parents' payments to foreign affiliates and to exclude U.S. affiliates' receipts
from foreign parents.
6. Beginning in 1982, the "other transfers" component includes taxes paid by U.S. private residents to foreign
governments and taxes paid by private nonresidents to the U.S. Government.
7. For all areas, amounts outstanding September 30,1997, were as follows in millions of dollars: Line 34, 67,148;
line 35,11,050; line 36, 9,997; line 37,14,042; line 38, 32,059. Data are preliminary.
D-54 • International Data
SURVEY OF CURRENT BUSINESS
February 1998
Table F.3.—Selected U.S. International Transactions, by Area
[Millions of dollars]
Canada
Eastern Europe
Line
(Credits +; debits -) '
Latin America and Other Western
Hemisphere
1997
1997
1
I
I
1
If
3,108
3,403
3,205
47,188
49,685
47,024
51,153
55,830
60,431
1,811
2,110
1,749
36,823
39,042
36,795
29,516
32,425
34,444
881
96
846
80
943
61
5,448
24
5,392
22
5,011
23
8,905
114
9,046
95
Travel
Passenger fares
Other transportation
173
20
99
227
22
97
293
30
94
1,954
327
726
1,907
307
768
1,601
226
754
3,543
979
849
Royalties and license fees 5
.
.
Other private services 5
U S Government miscellaneous services
42
442
9
36
374
10
33
422
10
343
2,056
17
329
2,043
16
351
2,052
4
416
247
100
69
447
302
109
36
513
262
133
118
4,917
2,581
2,336
5,251
2,793
2,458
-2,792
-3,108
-3,600
^47,506
-1,864
-2,009
-2,323
-42,004
-580
-722
-645
-100
-420
Exports of goods services, and income
2
Goods adjusted excluding military2
3
4
Services3
Transfers under U S military agency sales contracts4
5
6
7
8
9
10
11
12
13
14
15
Income receipts on U S assets abroad
Direct investment receipts
Other private receipts
U S Government receipts
Imports of goods, services, and income
16
17
18
.
.
.
...
Goods, adjusted excluding military2
Services3
Direct defense expenditures
19
20
21
22
23
24
Royalties and license fees 5
Other private services5
..
.
U S Government miscellaneous services
-79
Travel
Passenger fares
Other transportation
25
26
27
28
29
30
31
32
33
-96
-70
.
-14
-377
-432
5
-99
-0
-99
8
-246
-283
-119
-021
-653
-687
-771
-292
-359
IK
III*
28,710
28,385
28,675
16,448
16,557
15,702
10,671
110
9,753
156
9,266
98
10,689
130
3,551
993
930
4,527
1,226
981
3,486
1,743
774
3,243
1,627
796
4,157
1,829
806
362
3,019
39
390
3,050
37
408
3,381
38
1,445
2,135
14
1,573
1,919
10
1,552
2,204
11
5,218
2,747
2,471
12,732
4,192
8,401
139
14,359
5,450
8,841
68
15,316
5,634
9,562
120
2,509
1,103
1,399
7
2,562
1,148
1,392
22
2,284
904
1,381
-1
-50,077
-48,781
-51,733
-54,841
-56,425
-41,415
-41,837
-44,334
-43,383
-41,319
-32,831
^34,925
-36,046
-30,096
-29,317
-30,803
-3,009
-18
-3,781
-14
-4,659
-15
-6,081
-85
-6,362
-83
-6,723
-85
-3,548
-3,754
-3,948
-257
-293
-275
-619
-1,270
-2,126
-0,713
-3,708
-3,737
-689
-659
-790
-190
-982
-865
-182
-189
-1,018
-1,128
-62
III*
I
-6
-10
-9
-318
-3,738
1,044
-330
-2,607
48
-925
-965
-145
-935
-742
-589
-59
-1,275
-32
-70
-1,308
-33
-76
-1,329
-33
-28
-2,815
-37
-0,134
-38
-3,404
-110
-111
-111
-2,493
-2,913
-2,803
-10,821
-121
Other foreign assets in the United States net
Direct investment
U S Treasury securities and U S currency flows
U S securities other than U S Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns
U S liabilities reported by U S banks not included elsewhere
61
62
Statistical discrepancy, and transfers of funds between foreign areas, net
(sum of above items with sign reversed)
-328
1,057
-2,612
-748
-578
-577
-068
-577
-85
38
-2,954
-31
2,243
1,180
..._„„
3,708
1,690
(18)
R
3
i>)
c( 8)
.0
3
33
1,419
18
3
:
-983
-961
-351
-477
-454
-1 ,277
-529
-550
-565
-7,668
-2,802
-6,240
-2,837
-8,491
-2,711
-7,771
-1,016
-1,610
-5,145
-8,766
-1,408
-1,758
-5,600
-9,583
-2,077
-1,680
-5,826
-102
-102
-2,627
-2,700
-2,785
-66
-25
-11
-111
-276
-140
-74
-11,656
-^342
-161
-302
-144
-1
28
9
-2,211
-2,197
-2,339
-22
-44
-23
-2
-21
10
-12,332
-5,131
7,117
-13,440
-40,996
-68,458
-2,623
-11,820
3,547
49
-18
14
49
-18
14
8
3
-1
-101
-102
32
(18)
(i
(
3
(
'71
-47
3,606
18
-1
1
1
-12,331
-2,563
2,300
-5,132
-2,914
-2,428
681
-12,749
(,8)
228
106
48
-219
-270
-044
386
-10
437
10
391
1
8
3
-1
7, 117
-2, B35
-4, 509
-17,046
-4,657
-6,992
-41,224
-7,024
-11,098
-58,506
-6,771
-1,635
-2,680
-1,045
-3,258
-11,805
3,534
-1,533
-2,410
2,762
-2,552
14" *61
-13,884
8,487
-1,576
-21,526
-15,900
-34,200
155
1,468
67
-1,208
7,477
3,906
7,813
-7, 503
7,023
27,322
29,406
26,740
20,656
9,005
682
7
-1,430
546
R
(
11
S R
R R
IS &
i2 sJ3
R
P
(18)
(18)
(.8)
(18)
1
O)
()
R
<3)
c77)
c
3,224
2,034
i]
-1,051
-24
-1,380
225
-3,749
-374
-1,049
-24
-685
-220
315
-023
-24
-978
-1,279
-1
5
-13
-907
9,243
3,509
&
a
17
)
-7
17
)
17
)
-8, 349
*59
2
7
C)
17
13
ffi «£l
-1,038
-256
3
2,469
3,861
-6,935
21,689
-E
i"
R
1
S
B
%
429
(18)
(18)
R
(18)
C8)
1,219
1,670
3$
999
7,402
5,451
(18)
13,636
7,600
7,083
-514
-10,150
(18)
-111
(18)
-293
1,314
(")
C7)
O7)
2,083
8,847
-2,216
2,245
9,623
15,385
27,831
-11,346
4,641
3,118
-5,181
2,439
-2,742
2,424
-4,341
1,611
-2,730
2,338
-3,315
824
-2,491
1,911
-392
-4,524
352
-4,172
2,415
-1,757
-74
^66
-102
-1,859
-2,627
-0,207
-2,500
684
-1,816
2,805
989
-2,700
-1,711
-1,602
1,948
346
3,660
4,006
-2,785
1,221
-13,648
6,206
-7,442
-5,262
-12,705
-66
-12,771
-12,760
5,512
-7,248
-6,204
-13,452
-25
-13,477
-15,101
6,741
-8,360
-7,299
-15,659
-11
-15,670
18
18
I8
18
18
24,787
18
11, 448
18
-204
Allocations of special drawing rights
63
-11,554
^326
3,500
11
-28
27
12
Foreign official assets in the United States net
U S Government securities
US Treasury securities9 .
Other 10
Other US Government liabilities11
U S liabilities reported by U S banks not included elsewhere
Other foreign official assets 12
56
57
58
59
60
\\\P
3,500
Foreign assets in the United States, net (increase/capital inflow (+))
49
50
51
52
53
54
55
IK
-617
-672
-433
-352
U.S. Government assets, other than official reserve assets, net
U S credits and other long-term assets
Repayments on US credits and other long-term assets8
U o foreign currency holdings and U S short-term assets net
U S private assets n e t . . . . . . .
Direct investment
Foreign securities
. . .
.
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns
U S claims reported by U S banks not included elsewhere
-15
IK
U S official reserve assets net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
43
44
45
46
-146
-15
-348
US Government grants4
U S Government pensions and other transfers
Private remittances and other transfers6
39
40
41
42
-2
-151
-142
.
U.S. assets abroad, net (increase/capital outflow (-))
-96
-66
-1
-2
.
Income payments on foreign assets in the United States
Direct investment payments
Other private payments
U S Government payments
Unilateral transfers, net
-338
-52
-80
.
III*
-51
-212
34
35
36
37
38
47
Japan
1997
1997
64
65
66
67
68
69
70
Memoranda:
Balance on goods (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 64 and 65)
Balance on investment income (lines 1 1 and 25)
..
Balance on goods, services, and income (lines 1 and 15 or lines 66 and 67) 13
Unilateral transfers net (line 29)
Balance on current account (lines 1 15 and 29 or lines 68 and 69) 13
2,896
^4,360
-53
301
248
68
315
101
124
225
70
295
-653
-338
-687
-092
-574
98
-^76
81
-395
-771
-1,166
8. Includes sales of foreign obligations to foreigners.
9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible
bonds and notes.
10. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and of debt securities
of U.S. Government corporations and agencies.
11. Includes, primarily, U.S. Government liabilities associated with military agency sales contracts and other transactions arranged with or through foreign official agencies; see table 4 in "U.S. International Transactions, Third Quarter 1997" in the January 1998 issue of the SURVEY.
12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State
and local governments.
-319
-102
-421
-580
13. Conceptually, the sum of lines 70 and 62 is equal to "net foreign investment" in the national income and
product accounts (NIPA's). However, the foreign transactions accpunt in the NIPA's (a) includes adjustments to the
international transactions accounts for the treatment of gold, (b) includes adjustments for the different geographical
treatment of transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment
by financial pension plans except life insurance carriers and private noninsured pension plans. A reconciliation of
the balance on goods and services from the international accounts and the NIPA net exports appears in Appendix
A of this section of the SURVEY OF CURRENT BUSINESS. A reconciliation of the other foreign transactions in the
two sets of accounts appears in table 4.5 of the full set of NIPA tables (published annually in the August issue
of the SURVEY).
D-55
International Data
SURVEY OF CURRENT BUSINESS
February 1998
Table F.3.—Selected U.S. International Transactions, by Area
[Millions of dollars]
Australia
Line
(Credits +; debits -) '
IIr
I
III*
II r
\\\P
I
If
III*
5,319
6,174
6,107
56,128
59,659
59,787
2,823
3,095
3,080
36,746
39,453
38,517
1,122
35
1,293
46
1,455
56
12,623
1,831
13,380
2,507
14,786
2,432
392
100
72
480
133
79
620
147
85
2,195
359
2,230
3,124
492
2,250
3,809
607
2,232
181
107
134
141
379
3
159
393
3
162
382
3
962
4,967
79
1,033
3,894
80
1,036
4,588
82
382
895
385
867
391
885
1,374
777
597
£
1,786
1,169
617
1,572
944
628
6,760
4,087
2,357
316
6,826
3,912
2,597
317
6,484
3,471
2,657
356
2,966
1,165
1,659
142
3,043
1,164
1,745
134
3,240
1,245
1,865
130
-1,019
-914
-948
-697
-572
-591
-2,074
-1,658
-1,929
-70,072
-75,688
-85,129
-1,159
-1,169
-1,290
-56,021
-61,312
-743
-567
-659
-7,146
-7,439
-632
4,650
1,359
1,410
-505
-2,240
4,402
1,458
-7,537
-513
4,424
-70,537
-21
-12
-20
-972
-977
-61
-60
-56
-1,741
-1,811
-2,360
-1,011
-1,854
-357
-235
-247
-8
-8
-54
-22
-1,483
-19
-1,563
-14
-1,595
-115
-225
-104
-233
-116
-228
-196
-197
-198
-6,905
-6,937
238
-2,530
-4,645
-7,055
-49
-2,495
-4,511
-342
-357
-325
-157
-175
-114
-17
-185
-11
-11
78
213
-172
-£5
-88
-19
-2,219
-203
-130
-187
-155
20
175
-115
-176
-2,423
-4,306
-135
-20
-20
-22
-19
-322
432
429
-726
422
-744
-735
-28
-27
-44
-2,295
-2,026
-595
-2,818
-3,028
-2,115
-2,360
-1,203
-1,205
-121
-125
-121
-226
-112
-207
-297
-111
-218
-1,727
-1,490
-1,702
-1,777
-1,856
-1,966
-16,737
-10,535
-9,454
2,636
-1,534
-1,236
-7
-12
-9
-13
-9
-16
-3,061
-1,213
-25
-104
1,127
-79
72
1,055
-1
-1
32
-1
-1
-11,650
31,640
R
i
Il?!
(,8)
n
c8)
469
£?
(.8)
£3
(•)
2,1 73
-700
12
18
3,509
880
26,265
4,326
7,345
-471
(18)
&
79
18
-473
4,326
^76
-1 6,941
17,266
-5,028
-5,929
2,102
41,032
16,657
1,926
726
2,652
1,864
4,516
-52
4,494
1,790
796
2,586
1,592
4,178
-19
4,159
-19,275
5,477
-13,798
-21,859
5,941
-15,918
-32,020
7,249
-24,771
-111
-16,029
-2,818
-18,847
-571
-25,342
-3,028
-28,370
(18)
<1
2,656
18
1,664
378
2,042
1,202
3,244
-25
3,219
-13,944
-0,061
-17,005
7,345
1,012
(18)
1,741
-1,703
-145
1,012
521
-31
(18)
(18)
3,520
(18)
-417
-496
(18)
514
361
18
-831
133
-3
(18)
(18)
(18)
(18)
(18)
!<i
-153
18
-341
-828
C)
(18)
472
(18)
-1,115
1,648
56
1,065
2"553
§
I!
13
«1
R
2,S
-293
-293
-927
21,167
8
1,874
317
-340
1,842
-9,979
-3,743
-8,789
2,560
-921
272
128
-1,813
-10,406
-8,198
-2,297
123
-6,034
501
-922
^340
-139
-463
54
982
-3
-57
-1,139
-104
-632
-197
-1,092
142
1,153
18
497
-12
-16,769
-5,445
-3,665
24
-7,683
-2,025
-594
-797
-454
443
-21
-£02
-133
-333
-333
525
-129
-614
-390
14. The "European Union" includes the "European Union (6)," United Kingdom, Denmark, Ireland, Greece, Spain,
and Portugal. Beginning with the first quarter of 1995, the 'European Union' also includes Austria, Finland, and
Sweden.
15. The "European Union (6)" includes Belgium, France, Germany (includes the former German Democratic Republic (East Germany) beginning in the fourth quarter of 1990), Italy, Luxembourg, Netherlands, European Atomic
Energy Community, European Coal and Steel Community, and European Investment Bank.
16. Includes, as part of international and unallocated, the estimated direct investment in foreign affiliates engaged
in international shipping, in operating oil and gas drilling equipment internationally, and in petroleum trading. Also
unallocated 16
1997
1997
I
1 Exports of goods, services, and income
9
Goods adjusted excluding military2
Services3
4
Transfers under U S military agency sales contracts4
c
Travel
.
Passenger fares
6
7
Other transportation
8
Royalties and license fees 5
9
Other private services 5
10
U S Government miscellaneous services
11
Income receipts on U S assets abroad
12
Direct investment receipts
.
.
13
Other private receipts
14
U S Government receipts
15 Imports of goods services and income
16
Goods adjusted excluding military2
17
Services 3
18
Direct defense expenditures
Travel .
19
20
Passenger fares
21
Other transportation
22
Royalties and license fees 5
..
23
Other private services5
24
U S Government miscellaneous services
.. .
25
Income payments on foreign assets in the United States
.
26
Direct investment payments
27
Other private payments
28
U.S. Government payments
29 Unilateral transfers, net
30
U.S. Government grants4
U S Government pensions and other transfers
31
32
Private remittances and other transfers6
33 U.S. assets abroad, net (increase/capital outflow (-))
34
U S official reserve assets net 7
35
Gold
36
Special drawing rights
37
Reserve position in the International Monetary Fund
38
Foreign currencies
.
39
U.S Government assets other than official reserve assets net
40
U S credits and other long-term assets
41
Repayments on U.S. credits and other long-term assets8
42
U S foreign currency holdings and U S short-term assets net
43
U S private assets net
. . . .
44
Direct investment
45
Foreign securities
46
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
47
U S claims reported by U S banks not included elsewhere
48 Foreign assets in the United States, net (increase/capital inflow (+))
49
Foreign official assets in the United States net
50
U.S. Government securities9
51
US Treasury securities
52
Other10
.
53
Other U.S. Government liabilities11
54
U.S. liabilities reported by U.S. banks, not included elsewhere
55
Other foreign official assets12
56
Other foreign assets in the United States net
57
Direct investment
58
U S Treasury securities and U S currency flows
59
U.S. securities other than U.S. Treasury securities
60
U S liabilities to unaffiliated foreigners reported by U S nonbanking concerns
61
U.S. liabilities reported by U.S. banks, not included elsewhere
62 Allocations of special drawing rights
63 Statistical discrepancy, and transfers of funds between foreign areas, net (sum of
above items with sign reversed)
Memoranda:
64 Balance on goods (lines 2 and 16)
65 Balance on services (lines 3 and 1 7)
66 Balance on goods and services (lines 64 and 65)
67 Balance on investment income (lines 11 and 25)
13
68 Balance on goods, services, and income (lines 1 and 15 or lines 66 and 67)
69 Unilateral transfers net (line 29)
13
70 Balance on current account (lines 1 15 and 29 or lines 68 and 69)
Internat onal organizations and
Other countries in Asia and Africa
1997
18
24
1,450
18
-25
57
7,786
£
18
4"875
-4,938
-6,939
-4,497
761
761
2,644
3,406
-2,115
1,291
787
787
2,701
3,488
-2,360
1,128
819
819
2,883
3,702
-2,295
1,407
includes taxes withheld; current-cost adjustments associated with U.S. and foreign direct investment; small transactions in business services that are not reported by country; and net U.S. currency flows, for which geographic
source data are not available.
17. Details not shown separately; see totals in lines 49 and 56.
18. Details not shown separately are included in line 61.
NOTE.—The data in tables F.2 and F.3 are from tables 1 and 10 in "U.S. International Transactions, Third Quarter
1997" in the January 1998 issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent estimates
from the balance of payments accounts.
SURVEY OF CURRENT BUSINESS
D-56 • International Data
February 1998
Table FA—Private Service Transactions
[Millions of dollars]
Seasonally adjusted
1995
1996
II'
Ilk
204,165
221,224
54,588
55,540
57,427
58,332
59,410
60,481
Travel (table F 2 line 5)
Passenger fares (table F 2 line 6)
Other transportation (table F 2 line 7)
Freight
Port services
Other
63,395
19,125
27,412
11,420
14,810
1,184
69,908
20,557
27,216
11,161
14,691
1,364
17,356
4,952
6,805
2,823
3,639
342
17,659
5,237
6,716
2,747
3,625
343
18,183
5,282
7,142
2,941
3,861
339
18,556
5,319
6,999
2,909
3,720
370
18,605
5,511
7,043
2,919
3,747
377
18,977
5,571
7,140
2,909
3,857
374
8
9
10
11
12
13
14
Royalties and license fees (table F 2 line 8)
Affiliated
U S parents' receipts
U S affiliates' receipts
Unaffiliated
Industrial processes '
Other2
27,383
21,670
20,210
1,460
5,713
3,583
2,131
29,974
23,760
21,916
1,844
6,214
3,979
2,235
7,345
5,814
5,436
378
1,531
978
554
7,495
5,929
5,505
424
1,566
1,006
560
7,703
6,091
5,445
646
1,612
1,040
573
7,699
6,033
5,761
272
1,666
1,080
587
7,622
5,915
5,460
455
1,707
1,109
598
7,604
5,869
5,383
486
1,735
1,129
607
15
16
17
18
19
20
21
22
23
24
25
26
27
Other private services (table F 2 line 9)
Affiliated services
U S parents' receipts
U S affiliates' receipts
Unaffiliated services
Education
Financial services
Insurance net
Premiums received
.
Losses paid
Telecommunications
Business professional and technical services
Other unaffiliated services 3
66,850
20,272
12,795
7,477
46,578
7,512
7,029
1,390
5,524
4,133
3,183
17,765
9,699
73,569
22,810
13,763
9,047
50,759
7,807
8,034
2,121
6,179
4,058
3,405
19,247
10,145
18,130
5,571
3,429
2,142
12,559
1,938
1,938
513
1,524
1,011
854
4,734
2,583
18,433
5,777
3,410
2,367
12,656
1,998
1,925
561
1,567
1,006
838
4,847
2,486
19,117
5,840
3,431
2,409
13,277
1,955
2,325
597
1,609
1,012
850
4,985
2,565
19,759
6,103
3,622
2,481
13,656
1,992
2,259
620
1,650
1,030
845
5,287
2,654
20,629
6,426
3,802
2,624
14,203
2,009
2,492
637
1,681
1,044
895
5,543
2,627
21,189
6,670
3,839
2,831
14,519
2,080
2,561
648
1,702
1,054
913
5,640
2,677
134,523
143,086
35,549
35,873
36,257
37,800
38,481
39,110
46,053
14,433
28,249
16,759
10,579
911
48,739
15,776
28,453
16,879
10,792
783
12,099
3,943
7,253
4,414
2,647
193
11,915
3,920
7,218
4,312
2,709
198
12,241
4,053
7,166
4,130
2,838
199
13,018
4,283
7,378
4,318
2,845
214
13,003
4,201
7,542
4,636
2,706
200
13,101
4,281
7,518
4,570
2,749
199
6,503
5,128
448
4,680
1,373
962
411
7,322
5,301
554
4,748
2,021
1,126
895
1,684
1,304
137
1,167
380
279
101
2,144
1,264
136
1,128
880
288
592
1,770
1,376
164
1,212
394
292
103
1,799
1,403
155
1,248
396
291
106
1,847
1,462
172
1,290
385
290
95
1,951
1,537
157
1,380
414
289
125
39,285
13,597
6,820
6,777
25,689
949
2,472
5,383
15,187
9,804
7,773
4,691
4,420
42,796
16,026
7,505
8,521
26,770
1,041
3,184
4,387
15,473
11,086
8,385
5,253
4,520
10,570
3,945
1,788
2,157
6,625
256
781
1,089
3,833
2,745
2,103
1,278
1,119
10,676
4,073
1,935
2,138
6,603
262
769
1,047
3,877
2,830
2,066
1,335
1,122
11,027
4,130
1,867
2,263
6,897
269
859
1,064
3,947
2,884
2,089
1,406
1,210
11,321
4,222
1,973
2,249
7,099
275
888
1,139
4,046
2,907
2,076
1,540
1,180
11,888
4,364
2,139
2,225
7,524
278
1,106
1,195
4,119
2,924
2,137
1,612
1,196
12,259
4,573
2,214
2,359
7,686
285
1,147
1,232
4,168
2,936
2,157
1,648
1,217
-173,560 -191,170
69,642
78,138
-103,918 -113,032
-47,562
19,039
-28,523
-52,493
19,667
-32,826
-48,190
21,170
-27,020
-49,787
20,532
-29,255
-47,134
20,929
-26,205
-51,549
21,371
-30,178
Line
II
1 Exports of private services
2
3
4
5
Q
7
28
Imports of private services
29
30
31
32
33
34
Travel (table F2 line 19)
Passenger fares (table F 2 line 20)
Other transportation (table F 2 line 21)
Freiaht
'
Port services
Other
35
36
37
38
39
40
41
Royalties and license fees (table F 2 line 22)
Affiliated,
U S parents' payments
U.S affiliates' payments
Unaffiliated
Industrial processes J
Other2
42
43
44
45
46
47
48
49
50
51
52
53
54
Other private services (table F 2 line 23)
.
Affiliated services
U S parents' payments
U S affiliates' payments
Unaffiliated services
Education
Financial services
.
Insurance net
Premiums paid
Losses recovered
Telecommunications
.
Business professional and technical services
3
Other unaffiliated services
55
56
57
Memoranda:
Balance on goods (table F 2 line 64)
Balance on private services (line 1 minus line 28)
Balance on goods and private services (lines 55 and 56)
. . . .
. . . .
.
p Preliminary.
r
Revised.
1. Patented techniques, processes, and formulas and other intangible property rights that are
1997
1996
III
IV
ments and international organizations in the United States. Payments (imports) include mainly
wages of foreign residents temporarily employed in the United States and Canadian and Mexican
commuters in U.S. border areas.
s, rights «o broadcast to events, and other intake propT& Unaffct«i serves recess (exports) indude mainly expenditures of foreign govern-
I
recent esBmates from
*eb*no'of """* acrounts'
SURVEY OF CURRENT BUSINESS
February 1998
International Data • D-57
G. Investment Tables.
Table G.1.—International Investment Position of the United States at Yearend, 1995 and 1996
[Millions of dollars]
Changes in position in 1996 (decrease (-))
Attributable to:
Position
1995'
Type of investment
Line
Price
changes
(b)
(a)
1
2
Net international investment position of the United States:
With direct investment positions at current cost (line 3 less line 24) ...
With direct investment positions at market value (line 4 less line 25)
3
4
U.S. assets abroad:
With direct investment positions at current cost (lines 5+10+15)
With direct investment positions at market value (lines 5+10+16)
5
6
7
8
9
U S official reserve assets
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
10
11
12
13
14
24
25
-22,195
-46,339
2,446
8,564
-182,822
-193,823
-870,524
-631,303
121,367
267,858
-21,849
-45,567
-5,964
9,373
447,998
584,108
3,720,729
4,284,540
-4,581
-4,581
-4,073
-15,322
96,698
-725
160,739
-4,581
3
-355
-494
-370
1,280
-7,578
786
^3,224
-34
-1
690
796
846
-60
-1
-33
-106
-10,802
1
1
-12
13
657
796
834
-38
-139
10,312
15,435
38,294
82,554
80,754
80,012
742
1,800
358,422
358,422
125,948
272,439
-17,742
-41,460
-3,965
9,372
462,663
598,773
3,477,436
4,041,247
87,813
87,813
108,189
49,403
58,786
64,234
7,375
153,866
118,573
806
117,767
-4,726
-28,444
-7,675
-7,521
-3,954
9,383
86,508
222,618
219,087
42,688
176,399
61,073
970,798
1,534,609
1,273,439
397,972
875,467
369,055
98,186
-2,180
-11
95,995
864,144
547,555
547,555
89,329
228,795
346
772
-6,410
809
630,820
777,931
4,591,253
5,115,843
122,354
115,634
111,253
4,381
720
4,722
1,278
4,345
^,333
-3,802
-1
126,698
111,301
107,451
3,850
4,722
9,956
805,149
610,207
578,959
31,248
25,944
112,116
56,882
3,281,982
3,659,461
425,201
425,201
84,984
224,450
-6,409
810
504,122
651,233
3,786,104
4,310,694
654,502
1,031,981
389,383
192,300
999,537
534,116
465,421
232,891
76,955
76,955
155,578
17,300
133,798
121,194
12,604
31,786
5,356
144,822
-14,411
-426
-7,335
94,039
721
93,318
-1,887
-1,887
74,550
221,661
141,167
17,300
225,950
120,028
105,922
38,644
729,052
1,253,642
530,550
209,600
1,225,487
654,144
571,343
271,535
813.369
33
34
3. Reflects changes in the value of the official gold stock due to fluctuations in the market
price of gold.
4. Also includes paid-in capital subscriptions to international financial institutions and outstanding
32,038
39,063
678,451
498,906
471,508
27,398
25,225
107,394
46,926
Other foreign assets:
With direct investment at current cost (lines 35+37+38+39+42+43)
With direct investment at market value (lines 36+37+38+39+42+43) ....
p Preliminary.
r
Revised.
1. Represents gains or losses on foreign-currency-denominated assets due to their revaluation
at current exchange rates.
2. Includes changes in coverage, statistical discrepancies, and other adjustments to the value
(a+b+c+d)
(d)
3,960,433
4,337,912
Foreign official assets in the United States
U.S. Government securities
U S Treasury securities
Other
Other U S Government liabilities 7
U.S. liabilities reported by U S. banks not included elsewhere
Other foreign official assets
43
(c)
768,149
26
27
28
29
30
31
32
Direct investment in the United States:
At current cost
At market value
U S Treasury securities
U.S.currency
U.S. securities other than U.S. Treasury securities
Corporate and other bonds
Corporate stocks
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns.
U.S. liabilities reported bv U.S. banks, not included elsewhere
1996'
Exchange
Other
rate
changes2
changes '
884,290
1,311,991
1,054,352
355,284
699,068
307,982
Foreign assets in the United States:
With direct investment at current cost (lines 26+33)
With direct investment at market value (lines 26+34)
35
36
37
38
39
40
41
42
Tntal
3,014,773
3,442,474
Direct investment abroad:
At current cost
At market value
Foreign securities
Bonds
Corporate stocks .
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns.
U.S. claims reported by U.S banks, not included elsewhere
23
-6,668
81,897
79,958
79,178
780
1,939
U.S. private assets:
With direct investment at current cost (lines 17+19+22+23)
With direct investment at market value (lines 18+19+22+23)
17
18
19
20
21
22
352,444
352,444
176,061
101,279
11,037
14,649
49,096
U.S. foreign currency holdings and U.S. short-term assets
15
16
-$87,702 -195,111
-637,480 -195,111
3,272,731
3,700,432
U.S. Government assets, other than official reserve assets
U S credits and other long-term assets 4
Repayable in dollars
Position
Valuation adjustments
Capital
flows
9.784
-154
-3,161
-531
-1
8,678
346
772
-116
5,932
-3.273
926
719
6.511
819.880
amounts of miscellaneous claims that have been settled through international agreements to be
payable to the U.S. Government over periods in excess of 1 year. Excludes World War I debts
that are not being serviced.
5. Includes indebtedness that the borrower may contractually, or at its option, repay with its
currency, with a third country's currency, or by delivery of materials or transfer of services.
6. Primarily U.S. Government liabilities associated with military sales contracts and other transactions arranged with or through foreign official agencies.
NOTE.—The data in this table are from table 1 in "International Investment Position of the United States in 1996" in the July 1997 issue of the SURVEY OF CURRENT BUSINESS.
D-58
• International Data
SURVEY OF CURRENT BUSINESS
February
Table G.2.—U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 1994-96
[Millions of dollars]
Direct investment position on a
historical-cost basis
Capital outflows (inflows (-))
1994
1995
1996
Income
1994
1995
1996
1994
1995
640,320
717,554
796,494
68,272
85,115
85,560
68,597
87,448
95,067
78,018
85,441
91,587
6,760
8,435
6,875
5,873
8,812
8,642
Europe
Of which:
France
Germany
Netherlands
United Kingdom
320,135
360,994
399,632
28,785
45,292
45,274
30,468
41,320
46,183
28,204
38,467
29,558
121,321
32,950
44,226
39,344
122,767
34,000
44,259
44,667
142,560
2,586
2,217
6,331
7,177
5,726
4,373
8,420
4,515
5,221
955
7,140
18,310
1,296
3,107
5,081
8,082
2,728
4,783
6,890
11,384
3,322
4,286
7,991
13,862
Latin America and Other Western Hemisphere
Of which:
Brazil
Mexico
115,093
128,252
144,209
19,010
14,753
14,299
16,299
15,221
17,404
18,400
16,169
23,706
15,980
26,166
18,747
3,517
3,674
4,899
2,955
3,064
2,747
4,756
2,497
3,515
1,369
3,879
2,931
5,606
6,383
7,568
332
873
1,221
1,395
1,861
1,963
All countries, all industries
• 1996
By country
Canada
Africa
6,741
International
8,743
242
905
1,044
964
1,393
1,458
125,834
140,402
13,121
15,241
14,752
13,474
18,542
18,937
20,217
36,524
25,003
38,406
28,769
39,593
32
2,384
6,450
1,079
3,789
1,817
2,392
2,379
3,402
4,117
2,979
3,950
3,355
2,981
4,352
22
-484
2,096
124
300
480
67,104
70,229
75,479
1,690
2,437
6,144
7,177
9,730
11,960
211,431
29,588
49,128
10,017
26,781
19,925
29,420
46,572
250,253
32,439
62,151
12,032
33,716
25,242
33,972
50,701
272,564
36,179
69,430
13,603
35,020
29,519
33,543
55,270
23,953
3,764
4,992
819
2,010
2,867
5,993
3,508
42,531
2,871
18,477
1,935
5,286
4,995
4,636
4,330
28,530
3,280
7,835
5,009
2,016
4,513
714
5,163
26,699
4,690
6,839
896
2,177
3,234
3,539
5,324
35,065
4,728
8,877
1,365
4,373
4,494
3,952
7,277
34,975
4,684
10,001
1,004
4,579
4,374
3,429
6,903
62,608
. . .
7,669
111,373
Middle East
Asia and Pacific
Of which:
Australia
Japan
67,222
72,462
6,325
8,511
7,048
7,753
9,191
9,272
By industry
Petroleum
Manufacturing
Food and Kindred products
Chemicals and allied products
Primary and fabricated metals
Industrial machinery and equipment
Electronic and other electric equipment
Transportation equipment
Other manufacturing
Wholesale trade
26,693
28,123
32,504
1,786
714
1,329
3,785
2,889
3,767
213,175
228,744
257,213
22,982
12,109
28,985
18,302
23,757
27,797
Services
26,734
32,769
36,673
5,613
7,702
3,644
2,796
3,815
3,997
Other industries
32,575
40,213
49,600
5,924
11,113
9,880
2,085
3,002
3,299
Banking
...
Finance (except banking) insurance and real estate
NOTE.—In this table, unlike in the international transactions accounts, income and capital outflows are shown without a current-cost adjustment, and income is shown net of withholding taxes,
In addition, unlike in the international investment position, the direct investment position is valued
at historical cost,
The data in this table are from tables 17 and 18 in "U.S. Direct Investment Abroad: Detail
for Historical-Cost Position and Related Capital and Income Flows, 1996" in the September 1997
SURVEY OF CURRENT BUSINESS.
International Data • D-59
SURVEY OF CURRENT BUSINESS
February 1998
Table G.3.—Selected Financial and Operating Data for Nonbank Foreign Affiliates of U.S. Companies, by Country and by
Industry of Affiliate, 1995
Millions of dollars
Number of
affiliates
All countries, all industries
Total assets
21,318
2,815,141
Sales
2,140,438
Net income
124,675
Number of
employees
(thousands)
7,377.0
By country
2,023
8,313
918.1
1,176,126
63,083
3,014.5
135,906
219,538
59,468
139,078
132,464
641,348
124,457
234,169
68,550
112,182
60,128
363,372
4,303
6,467
2,315
11,492
7,203
14,338
413.9
596.3
198.7
138.8
50.6
928.8
3,256
316,495
191,340
23,419
1,485.2
400
823
48,477
59,115
44,536
61,122
5,073
4,732
299.9
743.6
502
Africa
231,081
1,567,904
1,226
1,358
757
999
505
2,393
Latin America and Other Western Hemisphere
Of which:
Brazil
Mexico
246,242
10,435
Canada
Europe
Of which:
France
Germany
Italy
Netherlands
Switzerland
United Kingdom
22,604
20,587
1,845
126.5
338
21,703
2,899
73.4
614,555
492,181
24,464
1,747.6
855
1,006
81,055
280,164
63,056
211,821
2,944
4,979
258.7
414.9
99
International
30,231
4,665
Middle East
Asia and Pacific
Of which:
Australia
Japan
17,110
7,421
653
11.8
By industry
Petroleum
1,520
272,087
428,030
13,981
230.9
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Industrial machinery and equipment
Electronic and other electric equipment
Transportation equipment
Other manufacturing
8,023
764
1,942
722
1,033
855
469
2,238
779,339
99,571
180,964
35,266
112,921
71,483
124,721
154,413
113,166
189,096
36,862
159,205
95,395
218,333
172,811
53,795
7,064
15,695
1,227
7,611
6,443
4,406
11,348
4,376.6
554.4
591.9
195.7
529.4
846.0
697.6
961.5
Wholesale trade
4,878
206,015
367,515
15,124
538.3
Finance (except banking), insurance, and real estate .
2,742
1,229,643
108,441
30,507
191.0
Services
2,671
114,995
100,035
4,050
779.8
Other industries
1,484
213,062
151,548
7,219
1,260.4
NOTE.—The data in this table are from "U.S. Multinational Companies: Operations in 1995"
in the October 1997 SURVEY OF CURRENT BUSINESS.
SURVEY OF CURRENT BUSINESS
D-60 • International Data
February 1998
Table G.4.—Foreign Direct Investment in the United States: Selected Items, by Country of Foreign Parent and by Industry of
Affiliate, 1994-96
[Millions of dollars]
Direct investment position on a
historical-cost basis
1994
All countries, all industries
496,539
1995
1996
560,850
630,045
Income
Capital nflows (outflows (-))
1994
1995
1996
1994
1995
1996
46,995
69,414
78,828
21,286
32,029
33,759
By country
41,959
4,960
7,080
5,670
2,996
3,911
3,285
410,425
28,002
55,300
59,809
16,059
22,975
25,806
38,480
49,269
65,806
126,177
49,307
62,242
73,803
142,607
3,881
7,144
-3,174
8,076
4,500
10,229
-1,789
20,446
10,928
16,283
8,225
18,929
-63
2,256
4,120
7,232
1,722
1,908
5,212
11,006
2,654
2,097
6,294
9,220
26,070
25,240
24,627
4,767
-1,121
131
1,391
1,349
1,557
629
2,412
Latin America and Other Western Hemisphere
Of which:
Brazil
Mexico
53,845
357,193
33,603
40,345
67,210
104,867
Europe
Of which:
France
Germany
Netherlands
United Kingdom
48,258
303,649
Canada
751
1,980
591
1,078
-8
1,248
-99
-470
-447
88
2
91
81
34
-8
-440
97
-19
54
555
54
209
141
8,519
13,104
805
3,531
3,084
1,101
6,238
504
6,591
2,129
11,930
-268
985
112
3,405
-31
3,106
42,343
1,665
3,152
8,113
1,902
2,970
4,190
213,026
26,898
71,367
14,085
37,638
63,037
234,323
28,089
74,810
18,727
37,093
75,604
19,673
-1,375
10,820
1,982
3,826
4,419
27,849
5,596
11,306
312
3,986
6,648
29,112
2,439
6,880
5,280
-35
14,548
10,788
2,134
4,643
1,165
3,063
15,886
1,709
6,202
1,273
2,316
4,386
17,262
1,780
6,247
1,060
1,739
6,436
63,792
66,393
77,937
5,785
6,453
9,799
2,611
3,863
3,548
11,857
12,743
15,008
1,532
1,207
2,140
399
544
496
Depository institutions
27,139
34,076
31,903
3,800
6,566
562
2,837
4,725
2,626
Finance, except depository institutions
41,000
62,369
70,185
3,652
16,681
7,775
831
697
714
3,048
Africa
1,230
1,164
717
44
Middle East
6,674
6,008
6,177
161
116,956
122,986
134,255
9,061
8,080
102,999
7,833
107,933
9,747
118,116
32,290
33,888
189,459
21,411
66,028
14,320
35,196
52,504
Wholesale trade
Retail trade
Asia and Pacific
Of which:
Australia
Jaoan
-66
-298
-113
By industry
Petroleum
Manufacturing
Food and Kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery .
.
.
Other manufacturing
.
-216
Insurance
38,833
50,975
59,566
2,759
4,114
7,739
2,237
1,913
Real estate
31,613
29,704
30,118
259
-880
388
-680
-623
Services
37,045
32,887
38,945
2,303
1,946
8,618
-345
212
396
Other industries
23,511
24,788
29,716
5,570
2,326
4,583
705
1,841
1,418
NOTE.—In this table, unlike in the international transactions accounts, income and capital inflows
are shown without a current-cost adjustment, and income is shown net of withholding taxes. In
addition, unlike in the international investment position, the direct investment position is valued
at historical cost.
62
The data in this table are from tables 16 and 17 in "Foreign Direct Investment in the United
States: Detail for Historical-Cost Position and Related Capital and Income Flows, 1996" in the
September 1997 SURVEYOR CURRENT BUSINESS.
SURVEY OF CURRENT BUSINESS
February 1998
International Data • D-61
Table G.5.—Selected Financial and Operating Data of Nonbank U.S. Affiliates of Foreign Companies, by Country of Ultimate
Beneficial Owner and by Industry of Affiliate, 1995
Millions of dollars
Number of
affiliates Total assets
All countries, all industries
By country
.
12,497
2,383,612
Sales
1,561,879
Millions of dollars
Net income
15,608
Gross
product
326,955
Thousands of
employees
4,928.3
U.S.
exports of
goods
shipped by
affiliates
136,702
U.S.
imports of
goods
shipped to
affiliates
254,895
1,285
267,378
141,292
2,446
36,532
703.7
5,402
13,565
Europe
Of which:
France
Germany
Netherlands
Switzerland
United Kingdom
5,363
1,327,437
832,286
14,273
202,361
2,991.0
59,344
86,349
668
1,291
394
603
1,205
232,662
210,408
154,877
229,335
381,241
111,966
161,099
98,084
92,343
264,355
1,053
1,331
2,790
8,101
24,178
37,182
28,013
18,624
71,049
348.2
580.6
334.2
308.3
986.5
14,882
12,308
5,357
6,398
11,728
11,255
27,753
8,730
7,847
14,367
Latin America and Other Western Hemisphere
Of which:
Brazil
Mexico
1,078
53,830
52,067
917
13,345
166.6
6,193
10,126
75
265
8,661
9,593
3,903
8,540
89
-20
213
1,798
4.3
35.6
866
661
1,310
2,182
68
(D)
10,495
2,393
20.8
551
723
414
25,516
18,121
-198
4,861
46.6
641
4,628
4,212
598,404
489,928
-6,027
62,558
954.6
63,933
138,425
172
3,241
37,003
519,577
22,209
418,656
-577
4,211
52,000
73.6
-3,621
758.2
877
55,519
1,110
119,942
77
(D)
17,690
2,851
4,904
44.9
638
1,079
240
104,358
131,889
2,419
30,525
105.7
9,956
19,522
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
2,896
252
331
396
739
1,178
587,049
57,195
191,614
55,979
96,130
186,132
562,151
50,879
131,892
70,086
123,167
186,128
9,824
632
3,903
1,547
176
3,566
156,991
12,229
39,768
17,804
32,163
55,028
2,276.8
228.6
407.1
246.9
541.6
852.6
55,561
2,790
13,778
3,988
18,861
16,144
81,790
3,238
13,582
8,018
29,219
27,734
Wholesale trade
Canada
Africa
Middle East
Asia and Pacific
Of which:
Australia
Japan
United States
-137
345
By industry
Petroleum
2,228
222,616
466,192
174
39,135
455.5
65,500
148,735
Retail trade
353
47,982
93,624
759
23,951
759.1
1,793
3,742
Finance, except depository institutions
874
568,216
45,074
1,392
2,910
45.3
18
25
Insurance
167
514,601
88,149
3,570
8,557
148.2
0
0
Real estate
3,494
96,852
14,184
-2,283
5,574
24.9
9
1
Services
1,250
110,674
59,264
-1,975
23,753
633.0
492
690
995
131,264
101,352
1,729
35,561
479.9
3,372
389
Other industries
D
Suppressed to avoid disclosure of data of individual companies.
NOTE.—The data in this table are from tables A1 and A2 in Foreign Direct Investment in the
United States: Operations of U.S. Affiliates of Foreign Companies, Preliminary 1995 Estimates.
D-62 • International Data
SURVEY OF CURRENT BUSINESS
February 1998
H. International Perspectives.
Quarterly data in this table are shown in the middle month of the quarter.
Table H.1.—International Perspectives
1997
1996
1995
1996
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Exchange rates per U.S. dollar (not seasonally adjusted)
Canada (Can.$/US$)
France (FFr/US$)
Germany (DM/US$)
... .
Italy (L/US0)
Japan (¥/US0)
Mexico (Peso/US$)
United Kingdom (US$/£)
Addendum:
Exchange value of the U.S. dollar ' ...
1.3725
4.9864
1.4321
16.2945
.9396
6.4467
1.5785
1.3638
5.1158
1.5049
15.4276
1.0878
7.6004
1.5607
1.3508
5.1652
1.5277
15.2382
1.1241
7.7345
1.5863
1.3381
5.1156
1.5118
15.1366
1.1230
7.9119
1.6623
1.3622
5.2427
1.5525
15.2844
1.1398
7.8769
1.6639
1.3494
5.4145
1.6047
15.6791
1.1791
7.8289
1.6585
1.3556
5.6536
1.6747
16.5500
1.2296
7.8023
1.6285
1.3725
5.7154
1.6946
16.9121
1.2277
7.9562
1.6096
1.3942
5.7672
1.7119
16.9452
1.2564
7.9059
1.6293
1.3804
5.7482
1.7048
16.8433
1.1919
7.9037
1.6322
1.3843
5.8293
1.7277
16.9454
1.1429
7.9498
1.6449
1.3775
6.0511
1.7939
17.4591
1.1538
7.8679
1.6694
1.3872
6.2010
1.8400
17.9712
1.1793
7.7818
1.6035
1.3872
6.0031
1.7862
17.4322
1.2089
7.7809
1.6013
1.3869
5.8954
1.7575
17.2109
1.2106
7.8708
1.6330
1.4128
5.8001
1.7323
16.9708
1.2538
8.2716
1.6889
84.25
87.34
87.99
86.98
88.71
91.01
94.52
95.60
96.39
95.29
95.42
97.48
99.96
98.29
97.07
96.37
Unemployment rates (percent, seasonally adjusted)
Canada
France
Germany
Italy
Japan
Mexico
United Kingdom
Addendum:
United States
9.6
11.6
9.4
12.0
9.7
12.3
10.4
12.1
10.0
12.5
10.7
10.0
12.5
10.8
12.0
9.7
12.5
10.9
9.7
12.5
11.2
9.7
12.5
11.2
12.2
9.3
12.5
11.2
9.6
12.5
11.2
9.1
9.5
12.6
11.4
12.5
11.4
12.4
9.0
12.5
11.5
9.0
12.5
11.6
12.1
9.0
12.5
11.7
9.1
12.5
11.8
9.0
12.4
3.1
6.3
8.2
3.4
5.5
7.5
3.3
5.1
7.2
3.3
5.0
6.9
3.3
5.0
6.7
3.3
4.5
6.5
3.3
4.2
6.2
3.2
4.2
6.1
3.3
4.2
5.9
3.6
4.0
5.8
3.5
3.9
5.7
3.4
3.8
5.5
3.4
3.4
5.3
3.4
3.2
5.2
3.4
3.2
5.2
5.1
5.6
5.4
5.3
5.4
5.3
5.3
5.3
5.2
5.0
4.8
5.0
4.9
4.9
4.9
4.8
4.6
Consumer prices (seasonally adjusted, 1990=100)
Canada
France
Germany (1991=100)
Italv
Japan
Mexico
United Kingdom
111.8
111.6
114.8
128.1
107.0
224.5
118.2
113.5
113.8
116.5
133.2
107.1
301.7
121.1
114.0
114.3
116.8
133.9
107.2
318.2
121.9
114.5
114.2
116.7
134.4
107.3
323.0
122.0
114.5
114.4
117.0
134.4
107.5
333.3
122.4
114.8
114.7
117.6
134.9
107.5
341.9
122.4
114.9
114.9
118.1
135.1
107.5
347.6
122.9
115.2
115.0
117.9
135.4
107.4
352.0
123.2
115.2
115.0
117.9
135.6
109.1
355.8
123.9
115.3
115.2
118.4
136.0
109.2
359.0
124.4
115.5
115.2
118.6
136.0
109.6
362.2
124.9
115.5
115.0
119.2
136.0
109.5
365.3
124.9
115.7
115.3
119.3
136.1
109.3
368.6
125.7
115.6
115.5
119.0
136.2
109.7
373.2
126.3
115.7
115.5
118.9
115.5
115.7
118.9
109.9
376.2
126.5
109.6
380.4
126.5
Addendum:
United States
116.6
120.0
121.2
121.5
121.8
122.0
122.3
122.4
122.5
122.5
122.7
122.9
123.1
123.5
123.7
123.8
Real gross domestic product (percent change from preceding quarter, seasonally adjusted at annual rates)
Canada
France
Germany
Italy
Japan
Mexico
United Kingdom
Addendum:
United States
See footnotes at the end of the table.
2.7
1.2
1.5
1.4
.6
3.9
5.1
2.3
2.4
1.3
9
0
43
6.0
42
2.0
2.8
4.3
2.2
2.1
1.9
3.0
1.5
-£.2
4.1
1.4
1.2
-.9
8.3
3.3
5.4
4.6
41
7.7
4.1
3.5
32
46
3.4
1.7
31
4.7
38
4.9
3.3
3.1
-106
19.4
4.3
SURVEY OF CURRENT BUSINESS
February
International Data •
D-63
Table H.1.—International Perspectives—Continued
1997
1996
1995
1996
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Short-term, 3-month, interest rates (percent, not seasonally adjusted)
Canada
France
Germany
l ai
Kaly Y
\ i
Japan
Mexico
United Kingdom
7.07
6.58
4.53
1046
736
.55
21.96
3.20
3.36
3.26
7.43
3.41
3.40
3.23
7.13
3.29
3.48
3.17
6.83
3.22
3.43
3.14
6.88
3.51
3.39
3.14
6.89
3.63
3.43
3.26
6.87
.56
22.32
.56
22.37
.58
20.59
.61
21.40
.67
19.40
6.32
6.19
6.20
6.37
6.45
6.66
5.05
5.00
5.14
5.17
5.13
4.92
4.43
3.94
3.31
3.49
3.51
3.12
3.00
3.47
3.19
3.08
3.44
3.23
48.24
882
.59
32.91
802
.52
27.68
741
.52
28.94
725
.52
26.51
.53
24.60
6.68
6.02
5.94
6.29
6.34
5.51
.
5.02
5.01
5.03
4.87
1.23
.
.
Addendum:
United States
3.11
3.35
3.14
7.23
3.10
3.33
3.19
3.60
3.41
3.31
3.76
3.59
3.58
3.99
3.69
3.74
.59
20.15
667
.56
20.51
665
.53
19.91
649
.55
22.01
6.95
7.15
7.20
7.25
7.54
5.07
5.13
4.97
4.95
5.15
Long-term interest rates, government bond yields (percent, not seasonally adjusted)
Canada
France
Germany
Italy
japan
Mexico
United Kingdom
3.21
6.48
5.79
5.80
7.15
2.44
6.81
5.82
5.70
6.95
2.57
6.99
5.69
5.70
6.76
2.38
6.74
5.39
5.40
6.93
2.40
6.92
5.80
5.60
7.55
2.27
7.09
5.93
5.70
7.37
2.36
6.90
5.96
5.60
7.02
2.55
6.63
5.67
5.60
6.82
2.37
6.30
5.50
5.40
6.38
2.12
6.30
5.65
5.50
6.53
2.01
6.19
5.55
5.50
6.10
1.88
5.94
5.80
5.50
5.90
1.62
5.76
5.66
5.50
5.81
1.73
7.82
7.55
7.61
7.55
7.54
7.20
7.46
7.65
7.16
7.13
7.04
7.08
6.80
6.50
6.61
6.57
.
7.00
6.11
5.90
7.78
2.51
8.24
...
7.54
6.51
6.10
8.85
2.98
6.44
6.53
6.20
6.30
6.58
6.42
6.69
6.89
6.71
6.49
6.22
6.30
6.21
6.03
5.88
201.0
161.0
174.8
138.0
193.0
161.0
176.4
139.0
206.0
160.0
170.2
145.0
200.0
159.0
171.5
149.0
190.0
151.0
161.5
145.0
8.36
7.66
6.80
11.79
Addendum:
United States
Share price indices (not seasonally adjusted, 1990=100)
Canada
France
Germany
Italy
, /
Japan
. .
Mexico
United Kingdom
1300
.
.
Addendum:
United States
.
.
1540
1640
1760
103.0
102.4
950
118.0
115.6
960
121.0
120.3
960
125.0
121.9
990
173.0
128.0
124.9
100.0
179.0
135.0
130.0
114.0
180.0
145.0
138.9
119.0
171.0
148.0
145.8
114.0
175.0
145.0
145.7
116.0
187.0
149.0
154.4
119.0
188.0
151.0
160.2
123.0
63.0
74.0
73.0
72.0
69.0
63.0
64.0
63.0
63.0
68.0
70.0
70.0
68.0
65.0
62.0
57.0
389.3
554.8
639.7
176.0
673.7
179.0
657.4
182.0
658.9
179.0
696.1
185.0
781.9
186.0
888.9
190.0
933.4
1700
589.5
171.0
815.3
1670
563.6
173.0
577.3
1470
1940
1980
815.2
203.0
872.5
194.0
159.0
195.0
204.0
212.0
213.0
220.0
228.0
227.0
219.0
236.0
249.0
262.0
262.0
267.0
272.0
268.0
1. Index of weighted average exchange value of U.S. dollar against currencies of other G-10 countries. March
NOTE.—All exchange rates are from the Board of Governors of the Federal Reserve System. U.S. interest rates,
1973=100. Weights are 1972-76 global trade of each of the 10 countries. Series revised as of August 1978. For unemployment rates, and GDP growth rates are from the Federal Reserve, the Bureau of Labor Statistics, and
description and back data, see: "Index of the weighted-average exchange value of the U.S. dollar: Revision" on BEA, respectively. All other data (including U.S. consumer prices and U.S. share prices, both of which have been
page 700 of the August 1978 Federal Reserve Bulletin.
rebased to 1990 to facilitate comparison) are © OECD, January 1998, OECD Main Economic Indicators and are
reproduced with permission of the OECO.
D-64 • International Data
SURVEY OF CURRENT BUSINESS
February
I. Charts.
THE U.S. IN THE INTERNATIONAL ECONOMY
Billion $
COMPONENTS OF CURRENT ACCOUNT BALANCE
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97
Billion $
SO
U.S. DIRECT INVESTMENT ABROAD AND
FOREIGN DIRECT INVESTMENT IN THE U.S.
Billion $
120
FINANCIAL INVESTMENT
100-
40
Foreign purchases of U.S. securities /
803060-
U..S. purchases of foreign securities
FDIUS
20-
4010-
20.
0-20
-10
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97
82 '33' 84 85 86 87 88 89 90 91 92 93 ' 94 95 96 97
Billion $
5000
Billion $
300
EXPORTS AND IMPORTS
NET INTERNATIONAL INVESTMENT POSITION
VALUED AT CURRENT COST
4000250-
3000-
Foreign assets in the United States
200-
2000-
U..S. assets abroad
150-
1000Exports
Net investment position
100-
-1000
50
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97
U.S. Department of Commerce, Bureau of Economic Analysis
82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97
Regional Data • D-65
SURVEY OF CURRENT BUSINESS
February 1998
Regional Data
J. State and Regional Tables.
The tables in this section include the most recent estimates of State personal income and gross state product.
The sources of these estimates are noted.
The quarterly and annual State personal income estimates and the gross state product estimates are available on diskettes or CD-ROM. For information on personal income, e-mail reis.remd@bea.doc.gov; write
to the Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of
Commerce, Washington, DC 20230; or call 202-606-5360. For information on gross state product, e-mail
gspread@bea.doc.gov; write to the Regional Economic Analysis Division, BE-6i, Bureau of Economic
Analysis, U.S. Department of Commerce, Washington, DC 20230; or call 202-606-5340.
Table J.1.—Quarterly Personal Income for States and Regions
Percent change J
Millions of dollars
1995
Area name
I
II
1997
1996
III
IV
1
II
III
IV
I
II
III
6,040,235 6,102,138 6,166,454 6,242,674 6,344,946 6,446,004 6,526,017 6,602,689 6,730,234 6,813,111 6,890,952
1996:1111996:IV
1996:IV1997:1
1997:t1997:11
1997:111997:111
1.2
1.9
1.2
1.1
412,469
119,092
27,668
193,262
32,896
25,600
13,952
1.7
1.6
1.6
1.8
1.5
1.7
.7
2.1
2.8
1.5
2.0
1.3
1.5
1.8
1.0
1.0
1.1
.8
1.7
.9
1.0
1.3
1.6
1.1
1.3
1.1
1.1
1.3
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
1,186,541 1,194,849 1,203,961 1,216,140 1,237,524 1,251,871 1,264,426 1,280,913 1,304,447 1,311,683 1,325,982
18,424
19,552
19,842
20,252
18,573
19,208
20,735
20,806
20,858
21,170
18,823
18,444
18,097
18,787
17,979
17,999
18,011
18,299
18,629
19,046
18,980
19,128
132,435 133,396
139,245 140,748 142,657 145,585 146,772 148,279
134,073 135,171 137,621
235,873 238,211 239,921 242,202 245,984 249,308 251,460 254,430 259,568 260,234 263,035
500,818 502,971 507,122 512,336 522,825 527,239 532,396 540,159 550,752 552,885 559,445
281,013 283,700 286,012 289,126 293,099 297,938 300,941 304,145 308,691 311,954 314,925
1.3
2.4
.8
1.4
1.2
1.5
1.1
1.8
.3
1.4
2.1
2.0
2.0
1.5
.6
.2
0
.8
.3
.4
1.1
1.1
1.5
.8
1.0
1.1
1.2
1.0
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
1,011,205 1,016,414 1,025,335 1,037,991 1,050,678 1,067,473 1,080,212 1,088,807 1,107,241 1,118,858 1,128,709
297,953 299,874 302,507 306,538 311,898 316,298 320,221 323,827 329,728 334,795 338,706
125,000 125,260
125,840 127,120 128,813 131,434 133,113 134,643 136,273 137,946 139,130
228,072 227,381 229,862 232,862 235,014 238,849 241,129 242,326 246,604 246,771 247,980
247,297 249,836 252,041 254,992 257,084 261,194 264,418 265,610 270,378 273,296 275,415
112,884
121,331 122,402
124,257 126,050
127,478
114,063 115,086 116,480 117,869 119,697
.8
1.1
1.1
.5
.5
.9
1.7
1.8
1.2
1.8
1.8
1.5
1.0
1.5
1.2
.1
1.1
1.4
.9
1.2
.9
.5
.8
1.1
458,272
66,789
63,322
127,214
130,487
40,287
13,933
16,240
1.0
.8
.9
.9
1.3
1.5
0
.7
1.6
1.5
1.6
1.1
2.2
1.7
1.3
1.0
1.5
1.4
1.9
1.8
.8
1.3
1.9
2.5
.9
.4
1.0
1.3
.9
1.1
1.3
.4
1,315,532 1,330,900 1,346,689 1,366,123 1,384,840 1,409,188 1,427,939 1,443,187 1,472,789 1,490,004 1,506,729
84,122
80,849
82,531
83,247
86,740
89,800
90,587
81,643
85,655
87,568
88,998
44,711
44,006
45,284
46,329
46,153
47,567
48,005
48,436
50,187
50,252
48,995
322,062 325,801 330,072 334,334 342,159 346,800 351,320 355,118 362,557 366,848 371,547
162,162 164,063 168,023 170,891 172,857
154,451 156,103 158,784
176,818 178,647 181,433
71,560
72,417
72,972
75,075
77,707
80,934
74,008
76,525
81,762
78,235
79,899
83,917
81,220
82,912
83,053
86,111
81,823
85,273
86,892
88,374
89,748
90,871
44,797
46,721
44,325
45,387
46,079
47,627
48,188
48,402
50,109
50,571
49,263
148,917 151,505
156,724 158,014 161,859 163,920 166,616 170,544 172,999 174,230
153,258
69,009
69,827
72,080
74,607
77,602
70,483
71,511
73,495
75,377
78,662
76,809
114,441 116,169 117,626 118,806 121,368 122,635 123,994
109,635 111,021
112,222 113,817
157,790 159,368 160,764 162,642 165,259 167,219 169,444 171,277 175,302 176,238 178,236
31,708
32,659
31,885
32,021
32,392
32,976
33,381
33,603
33,864
34,258
34,585
1.1
1.0
.9
1.1
1.2
.7
.9
.4
1.6
1.0
1.0
1.1
.7
2.1
1.6
1.2
2.1
2.3
2.1
1.7
1.8
2.4
1.9
2.2
2.3
.8
1.2
.9
2.4
1.2
1.0
1.3
1.6
1.7
1.4
1.0
1.0
.5
1.2
1.1
.9
.1
1.3
1.6
1.0
1.3
.9
.7
1.4
1.1
1.1
1.0
United States
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Plains
Iowa
Kansas
Minnesota .
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
361,426
104,157
24,630
168,247
28,839
23,121
12,433
396,928
58,230
55,452
108,996
114,669
34,259
11,619
13,702
366,632
105,263
24,975
170,826
29,559
23,507
12,502
401,414
58,654
55,957
110,264
116,225
34,631
11,828
13,854
370,349
106,209
24,979
173,256
29,592
23,684
12,630
405,940
59,339
56,483
111,360
117,492
35,324
11,871
14,072
375,186
107,485
25,282
175,702
30,050
23,853
12,815
411,894
60,349
56,978
113,501
118,622
36,008
12,141
14,295
379,607
109,083
25,590
177,592
30,336
23,971
13,034
422,854
62,444
58,546
116,196
121,011
36,963
12,842
14,853
385,048
110,491
25,984
180,415
30,727
24,270
13,160
430,289
63,330
59,253
118,885
122,784
37,686
13,111
15,239
388,521
111,178
26,251
182,334
31,109
24,341
13,307
436,027
64,071
59,992
120,959
124,035
38,117
13,347
15,505
394,993
112,912
26,669
185,678
31,584
24,743
13,407
440,502
64,608
60,546
122,079
125,633
38,681
13,338
15,617
403,164
116,058
27,068
189,306
31,984
25,105
13,643
447,509
65,608
61,519
123,362
128,408
39,335
13,507
15,769
407,102
117,258
27,371
190,836
32,533
25,330
13,773
454,004
66,547
62,694
125,624
129,378
39,833
13,758
16,170
Southwest
Arizona
New Mexico
Oklahoma
Texas
568,008
85,300
30,231
60,341
392,135
576,315
86,460
30,580
61,041
398,234
584,361
88,345
31,009
61,604
403,402
592,619
89,968
31,304
62,385
408,962
603,099
92,200
31,823
63,239
415,838
613,576
93,851
32,152
64,273
423,301
623,327
95,623
32,367
65,003
430,334
630,151
96,709
32,526
65,541
435,376
645,366
99,123
33,301
67,017
445,924
656,488
100,860
33,837
67,547
454,244
665,435
102,407
34,154
68,659
460,215
1.1
1.1
.5
.8
1.2
2.4
2.5
2.4
2.3
2.4
1.7
1.8
1.6
.8
1.9
1.4
1.5
.9
1.6
1.3
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
172,902
89,985
21,944
15,891
35,196
9,885
174,647
90,804
22,135
16,029
35,701
9,977
177,649
92,494
22,446
16,250
36,388
10,072
180,764
93,779
22,945
16,456
37,378
10,205
183,459
95,749
23,112
16,566
37,856
10,177
187,084
97,514
23,581
16,788
38,848
10,354
190,154
99,191
23,795
17,017
39,697
10,453
192,566
100,578
23,877
17,213
40,397
10,501
196,311
102,455
24,354
17,294
41,520
10,687
199,637
104,393
24,760
17,536
42,153
10,795
202,462
105,785
25,169
17,660
42,921
10,926
1.3
1.4
.3
1.2
1.8
.5
1.9
1.9
2.0
.5
2.8
1.8
1.7
1.9
1.7
1.4
1.5
1.0
1.4
1.3
1.7
.7
1.8
1.2
1,027,694 1,040,967 1,052,169 1,061,958 1,082,884 1,101,474 1,115,412 1,131,570 1,153,406 1,175,334 1,190,893
14,615
14,731
14,789
14,826
14,894
15,384
15,574
14,500
14,548
14,590
15,055
752,421 761,430 768,728 775,160 790,291 803,573 812,716 825,321 840,004 855,514 866,436
29,902
30,067
30,150
30,837
29,352
29,669
29,633
29,716
30,169
30,549
31,095
42,207
39,055
40,255
41,286
36,893
37,503
43,050
44,032
44,799
45,490
38,351
71,934
67,167
70,580
74,683
68,155
73,336
75,735
79,098
80,046
69,323
77,505
135,771 138,424
127,361
129,663
131,544 132,832
140,830
142,401 146,261 149,703 152,252
1.4
.5
1.6
.1
2.0
1.4
1.1
1.9
1.1
1.8
1.3
2.3
2.3
2.7
1.9
2.2
1.8
.9
1.7
2.1
2.4
1.3
1.2
1.3
.8
1.5
1.2
1.7
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washinoton
1 . Percent changes are expressed at quarterly rates and are calculated from seasonally adjusted unrounded data,
ft S ^
l M r
r ^
it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed
abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources
"toSrSTttCURRENT BUSINESS.
OF
,000,0 „ State and Retfon, Tnird Quarter 1997' in W, issue o, the SURVEV
SURVEY OF CURRENT BUSINESS
D-66 • Regional Data
February 1998
Table J.2.—Annual Personal Income and Disposable Personal Income for States and Regions
Personal income
Millions of dollars
Area name
1994
United States
1994-95
1995-96
1994
1995
Percent change '
1996
1994-95
1995-96
Southeast
:
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
;
.
Southwest
Arizona
New Mexico
Oklahoma
Texas
.
.
Rocky Mountain
Colorado
Idaho
.
Montana
Utah
Wyoming
.
. . . . .
.
...
.
...
....
5,343,656
5,593,988
6.1
4.7
368,398
105,778
24,966
172,008
29,510
23,541
12,595
387,042
110,916
26,124
181,505
30,939
24,331
13,227
6.6
6.1
4.6
7.3
7.2
5.6
6.9
5.1
4.9
4.6
5.5
4.8
3.4
5.0
295,605
84,190
21,091
135,860
24,522
19,562
10,381
313,755
88,514
22,099
145,105
26,221
20,683
11,132
325,596
91,395
22,963
151,149
27,221
21,247
11,622
6.1
5.1
4.8
6.8
6.9
5.7
7.2
3.8
3.3
3.9
4.2
3.8
2.7
4.4
1,200,373
18,757
18,021
133,769
239,052
505,812
284,963
1,258,684
20,095
18,539
140,068
250,295
530,655
299,031
5.5
7.1
1.3
5.3
5.9
5.6
5.2
4.9
7.1
2.9
4.7
4.7
4.9
4.9
977,624
15,016
15,167
108,911
193,487
407,831
237,212
1,029,807
16,074
15,405
114,640
205,302
429,520
248,867
1,070,910
17,069
15,859
119,139
212,443
447,031
259,369
5.3
7.0
1.6
5.3
6.1
5.3
4.9
4.0
6.2
2.9
3.9
3.5
4.1
4.2
1,022,736
301,718
125,805
229,544
251,041
114,628
1,071,792
318,061
132,001
239,330
262,077
120,325
6.1
6.1
5.1
6.6
5.9
6.4
4.8
5.4
4.9
4.3
4.4
5.0
834,810
245,498
103,684
186,873
206,164
92,591
884,726
260,030
109,145
199,127
217,936
98,488
919,565
271,612
113,693
206,030
225,788
102,442
6.0
5.9
5.3
6.6
5.7
6.4
3.9
4.5
4.2
3.5
3.6
4.0
404,044
59,143
56,218
111,031
116,752
35,055
11,865
13,981
432,418
63,613
59,585
119,530
123,366
37,862
13,159
15,303
5.6
4.1
5.9
6.0
6.5
5.5
1.7
2.8
7.0
7.6
6.0
7.7
5.7
8.0
351,357
51,960
49,000
94,081
102,314
30,756
10,602
12,643
373,267
55,617
51,481
100,058
107,573
32,985
11,748
13,805
5.2
4.1
5.5
5.5
6.3
4.9
1.6
2.4
6.2
7.0
5.1
6.4
5.1
7.2
9.5
333,873
49,894
46,463
89,182
96,242
29,308
10,437
12,348
1,339,811
82,067
45,039
328,067
157,875
72,739
82,252
45,147
152,601
70,208
111,674
160,141
32,001
1,416,289
86,021
47,584
348,849
168,959
76,885
85,548
47,735
162,602
73,890
116,760
168,300
33,155
6.7
6.1
7.0
7.0
8.1
5.9
5.2
6.2
7.9
6.3
7.4
5.7
3.3
5.7
4.8
5.7
6.3
7.0
5.7
4.0
5.7
6.6
5.2
4.6
5.1
3.6
1,109,304
68,892
37,597
271,419
127,646
60,451
70,548
38,700
123,333
58,661
93,528
130,741
27,788
1,181,959
73,043
40,142
289,716
137,701
63,930
74,106
41,143
133,009
62,097
100,278
138,126
28,667
1,240,754
76,151
42,344
305,142
145,978
67,208
76,592
43,420
141,008
65,038
104,146
144,189
29,539
6.5
6.0
6.8
6.7
7.9
5.8
5.0
6.3
7.8
5.9
7.2
5.6
3.2
5.0
4.3
5.5
5.3
6.0
5.1
3.4
5.5
6.0
4.7
3.9
4.4
3.0
541,429
79,868
28,518
58,691
374,353
.
5,036,648
1,255,475
77,344
42,079
306,657
146,103
68,670
78,219
42,507
141,426
66,019
103,989
151,487
30,973
. .
5.6
382,697
56,787
53,088
104,727
109,613
33,218
11,661
13,602
.
6.3
964,118
284,319
119,665
215,266
237,118
107,749
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
6,479,914
1,138,137
17,517
17,795
127,014
225,686
479,156
270,969
Great Lakes
Illinois
Indiana
Michigan
Ohio
6,137,875
345,430
99,703
23,865
160,247
27,532
22,296
11,787
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
580,326
87,518
30,781
61,343
400,683
617,538
94,596
32,217
64,514
426,212
7.2
9.6
7.9
4.5
7.0
6.4
8.1
4.7
5.2
6.4
483,571
70,242
25,388
52,010
335,932
518,174
76,887
27,508
54,409
359,370
547,021
82,509
28,661
56,831
379,020
7.2
9.5
8.4
4.6
7.0
5.6
7.3
4.2
4.5
5.5
163,203
84,643
20,732
15,137
33,171
9,522
176,490
91,766
22,368
16,157
36,166
10,035
188,316
98,258
23,591
16,896
39,199
10,371
8.1
8.4
7.9
6.7
9.0
5.4
6.7
7.1
5.5
4.6
8.4
3.4
141,204
72,629
18,136
13,275
28,761
8,403
152,796
78,826
19,588
14,258
31,239
8,885
161,621
83,523
20,545
14,792
33,633
9,128
8.2
8.5
8.0
7.4
8.6
5.7
5.8
6.0
4.9
3.7
7.7
2.7
984,317
14,125
722,002
28,469
34,292
63,667
121,762
1,045,697
14,563
764,435
29,593
37,951
68,806
130,350
1,107,835
14,810
807,975
30,072
41,699
73,922
139,356
6.2
3.1
5.9
3.9
5.9
1.7
5.7
1.6
9.9
7.4
6.9
860,656
12,247
632,206
24,640
29,699
54,244
107,621
911,081
12,655
665,609
25,916
32,870
58,879
115,154
955,254
12,778
695,767
26,119
35,718
62,833
122,040
5.9
3.3
5.3
5.2
4.8
1.0
4.5
.8
8.7
6.7
6.0
1. Percent changes are calculated from unrounded data.
NOTE.-The personal income level shown for the United States is derived as the sum of the
State estimates. It differs from the national income and product accounts (NIPA) estimate of personal income because, by definition, it omits the earnings of Federal civilian and military personnel
1996
5,774,806
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
1995
Disposable personal income
Millions of dollars
Percent change '
10.7
8.1
7.1
10.9
10.7
8.5
7.0
10.8
9.2
stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. It can
°
from the NIPA estimate because of different data sources and revision schedules.
- Source: Tables 1 and 3 in State Personal Income, Revised Estimates for 1958-96 in the
als differ
SURVEY OF CURRENT BUSINESS
February 1998
Regional Data •
Table J.3.—Per Capita Personal Income and Per Capita Disposable Personal Income for States and Regions, 1994-96
Per capita disposable personal income '
Per capita personal income '
Dollars
Area name
1994
United States
Rank in U.S.
1995
1996
Dollars
1994
1996
1995
Rank in U.S.
1996
1996
19,345
20,327
21,087
22,284
25,722
17,036
22,486
21,599
19,638
17,878
23,582
27,063
17,842
23,901
22,836
20,856
19,036
24,387
27,913
18,469
24,810
23,416
21,457
19,743
6
2
4
17
22,000
21,215
26,702
21,784
24,474
22,412
19,672
23,136
22,417
27,780
22,751
25,826
23,612
20,635
24,028
23,549
29,195
23,491
26,595
24,583
21,514
6
2
4
15
24,575
26,848
22,601
24,945
23,457
23,320
7
28
16
21
22
19,346
20,922
18,032
19,699
18,579
18,211
20,394
22,054
18,828
20,877
19,574
19,228
21,084
22,928
19,466
21,474
20,209
19,854
8
32
17
21
25
22,018
20,802
21,929
24,061
21,949
21,385
18,495
19,165
23,414
22,306
23,165
25,663
23,022
22,917
20,448
20,895
30
23
11
25
27
38
37
18,325
17,616
18,221
19,504
18,244
18,030
16,315
17,051
19,147
18,276
19,114
20,388
19,234
18,763
16,526
17,331
20,211
19,503
20,015
21,482
20,075
19,966
18,255
18,849
31
23
16
22
24
38
35
20,003
18,349
17,142
21,959
20,686
17,949
18,135
15,931
19,979
18,138
20,120
23,129
16,998
21,076
19,327
18,126
23,129
21,901
18,860
18,960
16,745
21,188
19,146
21,284
24,208
17,532
22,016
20,131
18,959
24,226
22,977
19,797
19,664
17,575
22,205
19,977
21,949
25,212
18,160
39
47
20
26
42
43
50
32
40
33
14
49
17,674
16,344
15,316
19,436
18,072
15,801
16,356
14,504
17,423
16,116
18,096
19,961
15,250
18,593
17,202
16,155
20,425
19,1021
16,576
17,083
15,260
18,467
16,934;
19,113!
20,880
15,706!
19,288
17,821
16,872
21,190
19,852
17,305
17,605
15,986
19,256
17,584
19,577
21,600
16,179
39
45
19
26
42
40
50
33
41
30
14
49
19,739
19,562
17,187
18,039
20,308
20,673
20,329
18,215
18,731
21,311
21,614
21,363
18,803
19,544
22,282
35
48
45
31
17,630
17,205
15,301
15,985
18,224
18,459
17,860
16,278
16,614
19,114
19,146
18,633
16,727
17,217
19,815
36
48
44
27
Rocky Mountain
Colorado
Idaho
Montana
Utah
..
Wvomino
20,286
23,109
18,243
17,672
17,334
20,013
21,467
24,487
19,181
18,563
18,468
20,941
22,490
25,704
19,837
19,214
19,595
21,544
10
41
46
44
34
17,552
19,829
15,959
15,499
15,029
17,661
18,585
21,034
16,798
16,382
15,952
18,542
19,302
21,849
17,276
16,821
16,812
18,961
12
43
46
47
34
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washinoton
22,867
23,487
23,022
24,278
23,422
20,575
22,755
24,052
24,170
24,217
25,095
24,748
21,851
23,927
25,173
24,398
25,346
25,404
26,011
23,074
25,187
19
13
12
9
24
15
19,994
20,364
20,158
21,012
20,285
17,530
20,112
20,955
21,002
21,087
21,978
21,435
18,698
21,138
21,706
21,050
21,826
22,065
22,280
19,612
22,057
20
13
10
9
29
11
22,180
23,348
24,426
26,040
30,462
19,277
26,522
24,250
22,383
20,299
27,688
32,341
20,157
28,332
25,700
23,738
21,538
28,989
33,875
21,011
29,792
26,615
24,572
22,470
25,613
24,748
31,327
25,405
28,547
26,332
22,471
26,968
26,159
32,499
26,547
30,071
27,806
23,628
28,242
27,724
34,129
27,618
31,334
29,181
24,803
22,342
24,230
20,811
22,692
21,368
21,192
23,575
25,590
21,702
24,066
22,547
22,379
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska .
North Dakota
South Dakota
21,005
20,049
20,819
22,904
20,779
20,435
18,229
18,783
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
.
West Virainia
New England
Connecticut .
Maine
Massachusetts
New Hampshire
Rhode Island .
Vermont
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Southwest
Arizona
New Mexico
Oklahoma
Texas
.
..
.
.
.
.
.
....
,
1. Per capita personal income and per capita disposable personal income are computed using
midyear population estimates of the Bureau of the Census.
NOTE.—The personal income level shown for the United States is derived as the sum of the
State estimates. It differs from the national income and product accounts (NIPA) estimate of per-
1
36
3
8
18
29
5
1
37
3
7
18
28
5
sonal income because, by definitipn, it omits the earnings of Federal civilian and military personnel
stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. It can
also differ from the NIPA estimate because of different data sources and revision schedules.
Source: Tables 2 and 4 in "State Personal Income, Revised Estimates for 1958-96" in the
October 1997 SURVEY OF CURRENT BUSINESS.
D-67
SURVEY OF CURRENT BUSINESS
D-68 • Regional Data
February 1998
Table J.4.—Gross State Product for States and Regions by Industry, 1994
[Millions of dollars]
Rank of
total
gross
state
product
State and region
United States ..
Total
gross
state
product
Farms
Agricultural
services,
forestry,
and
fishing
K/lanufacturing
Mining
Construction
Total
Durable
goods
Nondurable goods
Transportation
and
public
utilities
Wholesale
trade
Retail
trade
Finance,
insurance,
and real
estate
Services
6,835,641
82,197
35,651
90,058
269,232
1,197,098
673,139
523,959
606,354
461,863
609,908
389259
110449
26,069
186 199
29393
23867
13282
1,182
1,915
280
221
296
94
56
234
504
267
777
138
147
82
237
38
12
113
29
14
31
13,158
3,646
1,142
5943
1,031
66,134
18,612
4,639
30,387
6,053
43,392
12,231
2,200
20,245
4,336
2,776
1,605
22,743
6,381
2,439
10,142
1,718
27,786
7,744
1,864
12,883
2,327
25,962
7,328
1,510
13,237
1,742
1739
1274
691
1,229
872
92,056
30,138
4,742
42,919
6,502
5456
2,299
88,578
22,939
4,816
47,245
5,723
1372
33,195
8,813
3,159
14,784
2,913
2,204
1,323
4,504
4,012
2355
45,626
221
0
601
479
75
13
610
864
4
7
111
152
428
889
428
85,106
1,486
114,721
1,354
2,596
11,144
25,750
46,605
27,272
86,894
1,046
16
8
2
6
1,327798
26697
48,028
132703
254945
570,994
294 431
8,199
23,374
35,683
18,014
100,291
1,513
1,367
11,787
19,096
40,005
26,523
321,733
10,414
6,888
29253
57,125
164,081
53,972
4
15
9
7
19
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
. .. .
21
42
10
40
44
50
41
1,399
1,221
1805
1229
1653
1,111 598
332853
138,190
240 390
274,844
125321
11,265
3,515
1,839
1,486
2,121
2,302
4,418
1,321
4459
531
887
753
938
640
258
17,428
4,238
2529
2,822
1,751
3,160
1,286
1,642
2,562
2,466
29
31
20
17
36
49
46
455,013
68,298
61 758
124641
128,216
41 357
13,494
17250
553
348
534
563
308
84
173
156
815
507
356
98
349
185
1,478,627
88,661
50575
317829
183042
86485
101,101
50587
181,521
79925
126,539
177708
34,654
20,175
1,512
2035
3,399
7,841
25
33
5
11
26
22
32
12
27
18
13
39
21,509
1,184
200
768
442
369
287
786
363
476
737
101
Southwest
Arizona
New Mexico
Oklahoma
Texas
8,347
3,541
24
37
30
3
677,888
94,093
37832
66,189
479 774
810
564
673
178
311
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
23
43
47
35
48
45
1
38
34
28
14
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
2491
1867
882
1256
3,420
724
1,242
1 147
1,591
1,039
460
315
2,735
5381
2,379
198,132
99,767
24,185
16862
41,657
15660
3,989
1,180
1,260
1,120
835
418
297
506
276
135
123
79
1,197,326
22720
875,697
36718
43,958
74366
143867
15,306
10,241
18
356
11,171
7,189
282
142
198
178
734
1481
2212
1,586
1273
1,238
822
574
4148
2,296
Federal
military
government
79,948
604,284
6,712
1,510
2,084
30258
8319
2,528
13804
2326
2026
1256
448
477
317
579
342
678
67
354
65
294,563
3,419
15,636
29531
54,124
129,468
62,385
46,598
7,278
5151
2,704
827
3,134
6536
9,261
16,661
11852
5,676
12,144
35,556
30,091
98,129
3,911
1,114
5766
24,698
34,790
27,850
45,155
14,086
6,493
8,584
10,583
5,409
284,542
62,441
41,843
71,415
73,887
34,956
188,314
35,277
29,115
54,414
48,605
20,903
96,229
27,164
12,728
17,001
25,282
14,053
90,978
31,940
11,407
16,156
22,592
8,882
77,674
26,639
8,382
16,373
18,534
7,745
97,284
27,549
12,734
19,958
25,922
11,120
179,209
63,253
18,448
36,385
41,404
19,719
198,663
66,853
21,325
42,288
47,899
20,298
19,212
6,357
2,725
2,814
5,225
2,091
4,025
1,686
19,202
2,700
2402
5,318
5,823
1,714
88,359
16,699
10727
24,950
27,017
6,031
49,443
9,775
5,638
14,510
14,477
3,088
38,916
6,924
5,090
10,440
12,540
2,944
41,979
5,966
5,956
11,134
12,493
3,488
1,291
1,652
69,161
9,632
7,831
21,869
18,734
5,937
1,673
3,487
79,879
10,090
10,003
23,882
24,172
6,724
2,302
2,706
4,102
445
534
34,207
4,718
4,545
10,061
9,406
3,147
1,255
1,076
10,786
1,263
1,584
2,361
3,549
1,104
534
43,306
5,388
7,444
9,564
13,476
4,559
1,496
1,378
588
657
979
153
1,422
1,956
577
358
16,102
9956
4,186
8,443
7,553
358
567
273
1,166
2117
832
1,804
1 087
479
527
1,032
300
191
1 347
306
892
587
494
288
126,435
9,593
6,757
15,079
13,383
12,545
4,311
7,015
19,739
8,403
16,049
1 1 ,047
2,514
156,537
9,805
5,820
11,533
19192
10,676
13,107
4,839
33,890
13,384
14,562
16,389
3,341
143,740
8,821
6,196
29,914
21 ,865
8,305
11,059
6,228
14,315
6,399
10,646
15,425
4,567
97,808
5,515
3,077
22,644
16,355
4,770
5,784
2,840
11,692
4,367
9,232
9,694
1,836
144,130
8,926
5,193
35,783
16,714
7,651
8,717
5,008
16,338
8,043
13,881
14,820
3,057
226,278
10,860
5,637
68,123
28,563
9,514
13,260
5,680
23,465
10,297
16,217
30,823
3,838
263,453
14,045
7,272
72,639
31,980
12,471
16,738
7,597
26,345
11,632
23,663
33,594
5,477
45,781
4,173
1,179
6,669
5,667
2,683
1,841
1,522
3,148
1,864
4,450
11,646
3,380
14,592
6707
3,429
4,476
1,855
7,078
3,473
4,677
7,443
1,675
282,972
19,398
12,578
26,612
32576
23,221
17,417
11,854
53,629
21,787
30,611
27,435
5,854
939
142
39,652
1,114
2,702
3,281
32555
28,989
5,116
1,781
2,069
20,024
105,712
13,973
5,117
11,060
75,562
61,747
11,155
4,422
6,615
39,555
43,964
2,817
46,743
5,677
1,645
4,051
35,369
62,877
10,034
3,551
6,663
42,630
98,977
17,115
5,130
8,203
68,529
120,958
18,155
6,595
10,788
85,419
17,331
2,538
1,791
2,500
10,502
9,967
1,200
4,445
36,007
72,514
8,345
3,672
7,281
53,216
8,816
1,660
10,271
5,234
1,536
24,790
12,299
4,612
1,317
5,891
15,011
7,197
3,030
9,779
5,102
1,583
22,017
11,014
2,181
2,152
4,008
2,662
11,869
6,341
1,456
1,049
2,532
19,563
10,039
2,502
1,714
4,268
1,040
29,743
16,825
3,092
2,261
5,905
1,661
37,142
20,626
3,771
3,061
8,221
1,464
7,215
3,424
3,034
1,885
760
742
388
268
266
412
202
91,293
3,835
63,122
3,475
3,376
5,909
11,576
80,707
110,589
1,539
79,662
4,063
4,084
6,773
14,467
256,519
2,480
199,078
8,584
8,058
12,464
25,856
259,485
2,653
193,314
7,586
14,967
13,248
27,716
29,015
1,113
18,900
1,745
18,357
1,094
11,187
2,623
382
711
752
2941
9,995
356
229
158
347
1074
169
837
60,747
3,496
1846
695
763
555
1,484
4,666
2,151
3,806
2,086
591
670
215
455
10,563
4238
4,459
46,084
1,038
29,222
2,151
3,090
3,447
7,137
161,354
1,149
121,842
1,128
2,002
14,814
20,418
103,692
57,662
26
1,438
96
306
758
317
833
76,608
45,234
296
1,269
11,260
13,942
832
733
3,554
6,476
492
672
59,860
1,414
1,990
5,888
10,882
State and
local
government
182,651
183,235
5,397
1,267
11 442
36,841
70,346
57,941
NOTE.—Totals shown for the United States differ from the NIPA estimates of gross domestic product (GDP) because State data exclude the statistical discrepancy (the difference between GDP and gross domestic income), the
compensation of Federal civilian and military personnel stationed abroad, and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; they may also differ
from the GDP estimates because of differences in revision schedules.
1,273,678 1,342,720
Federal
civilian
government
1,901
840
2,020
4,397
31,101
1,411
411
4,573
3519
1,803
1,320
1,064
4,882
2,273
694
9,009
834
1,476
6,456
435
223
2,795
115987
1 733
1 981
11 416
22862
54,850
23145
94,713
25938
11,229
22580
23,366
11 600
41,575
6,706
6227
11,334
9,985
4500
1,341
1483
133,092
8,861
4455
29,435
15085
7,387
9,241
5039
16,194
8,545
10,403
14,860
3,587
62,281
9,343
4,272
6,915
41,750
18,564
8,736
2,301
1,734
4,346
1,447
107,814
2,535
76,691
3,442
3,358
7,269
14519
Sources: Tables 9 and 10 in "Comprehensive Revision of Gross State Product by Industry, 1977-94" in the June
1997 SURVEY OF CURRENT BUSINESS.
Regional Data •
SURVEY OF CURRENT BUSINESS
February 1998
D-69
K. Local Area Table.
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1993-95
Personal income
Area name
1993
United States '
Metropolitan portion
Nonmetropolitan portion
Consolidated Metropolitan
Statistical Areas
Chicago-Gary-Kenosha, IL-IN-WI ..
Cincinnati-Hamilton OH-KY-IN
Cleveland-Akron OH
Dallas-Fort Worth TX
Denver-Boulder-Greeley, CO
Detroit-Ann Arbor-Flint, Ml
Houston-Galveston-Brazoria, TX ....
Los Angeles-Riverside-Orange
County CA
Miami-Fort Lauderdale, FL
Milwaukee-Racine Wl
New York-No. New Jersey-Long Island, NY-NJ-CT-PA
Philadelphia-Wilmington-Atlantic
City, PA-NJ-DE-MD
Portland-Salem, OR-WA
Sacramento-Yolo, CA
San Francisco-Oakland-San Jose,
CA
Seattle-Tacoma-Bremerton, WA
Washington-Baltimore, DC-MD-VAWV
Metropolitan Statistical Areas4
Abilene, TX
Akron, OH*
Albany GA
Albany-Schenectady-Troy, NY
Albuquerque NM
Alexandria LA
Allentown-Bethlehem-Easton, PA ...
Altoona PA
Amarillo, TX
.
Anchorage, AK
Ann Arhsir Ml*
Anniston, AL
Appleton-Oshkosh-Neenah, Wl
Asneville NC
Athens GA
Atlanta, GA
Atlantic-Cape May, NJ*
Augusta-Aiken, GA-SC
Austin-San Marcos, TX
Bakersfield, CA
Baltimore MD*
Bangor ME (NECMA)
Barnstable-Yarmouth, MA
(NECMA)
Baton Rouge LA
Beaumont-Port Arthur, TX
Bellingham WA
Benton Harbor Ml
Beroen-Passaic NJ*
Billings, MT .....'
Biloxi-Gulfport-Pascagoula; MS
Binghamton, NY
Birmingham, AL
Bismarck, ND
Bloomington, IN
Bloomington-Normal IL
Boise City ID
Boston-Worcester-Lawrence-LowellBrockton, MA-NH (NECMA)
Boulder-Longmont CO*
Brazoria TA
Bremerton, WA*
Percent
change
M Ilions of dollars
1994
1995
5,471,129 5,739,85 6,097,97
4,627,25 4,850,244 5,162,277
889,60
843,87
935,700
1994-95
6.2
6.4
5.2
234,88
121,25
93,00
220,22
42,52
67,82
105,22
54,92
131,58
97,33
113,633
59,36
140,16
104,07
6.7
6.6
6.3
8.0
8.1
6.5
6.9
331,38
337,71
71,82
74,61
357,57
80,09
42,02
5.9
7.3
6.1
210,07
40,54
64,73
98,73
51,98
37,62
39,59
45,31
72,10
Rank in
Dollars
1993
21,22
22,48
16,23
24,86
21,55
22,38
23,00
1994
U.S.
1995
25,90
22,43
23,35
24,03
25,08
Columbia, MO
Columbia SC
Columbus GA-AL
Columbus OH
Corpus Christ! TX
Cumberland MD-WV
Dallas, TX*
Danville, VA
Davenport-Moline-Rock Island, IA-
25,41
25,11
26,58
26,64
23,04
23,69
24,91
21,82
21,51
23,29
23,03
22,12
21,96
24,18
29,654 31,28
25,63
585,05
619,024
5.8
28,69
147,09
41,382
151,972
44,382
33,41
35,01
160,677
48,170
37,534
5.7
8.5
7.2
24,743 25,497 26,92
21,236 22,308 23,71
21,212 22,052 23,33
181,386
77,103
187,916
80,757
201,544
85,826
7.3
6.3
28,055 28,90 30,802
24,214 25,062 26,23
185,306
194,456
204,023
4.9
26,550 27,584 28,706
2,117
2,153
13,869
14,691
2,063
20,365
13,056
2,332
13,794
2,379
2,299
15,620
21,004
14,188
2,456
14,580
2,495
3,916
6,921
4,188
7,015
6.8
6.3
6.6
3.1
8.7
5.3
5.7
4.9
7.0
1.4
17,407
20,663
16,507
22,194
19,145
17,399
21,754
17,338
18,801
26,465
1,915
2,177
13,250
2,287
3,673
6,616
4,095
4,391
2,416
2,606
87,956
8,964
8,809
22,338
10,860
7.7
5.6
6.9
7.2
7.8
8.8
5.4
4.5
9.9
6.3
62,556
2,728
4.6
4.9
12,251
13,472
1,846
1,916
7,178
6,735
3,920
2,276
75,166
18,737
10,073
80,871
8,502
8,429
20,331
10,218
56,912
59,799
2,518
2,601
8,192
8,114
4,870
10,492
5,106
11,233
6,711
6,951
2,593
3,073
40,789
2,789
3,257
42,024
2,361
2,199
2,515
14,508
2,024
7,672
5,492
11,919
7,348
2,953
3,442
44,345
2,662
5,374
5,852
6,104
5,071
5,172
17,846
18,960
5,269
20,283
1,627
1,939
2,797
6,932
1,697
2,029
3,056
7,629
1,814
2,147
3,213
8,330
164,718
4,108
153,749
6,632
3,970
4,293
3,259
3,476
1,877
1,985
24,140
3,864
7,625
25,509
3,682
2,086
26,766
4,280
8,535
146,890
6,221
3,775
7,114
4,240
4,529
17,720
21,828
17,711
23,082
20,175
18,492
22,554
17,963
19,664
27,484
18,708
23,103
18,849
23,837
21,452
19,352
23,801
18,891
20,464
27,914
::::::::::::
254
92
246
73
142
224
74
244
177
22
24,101
15,859
20,497
19,491
17,390
23,260
24,973
18,297
20,048
16,798
27,829
17,840
22,810
21,181
19,320
25,563
27,020
19,451
22,185
17,625
24
289
102
154
228
42
29
222
123
291
23,282 24,326 25,347
17,228 17,777 18,747
44
252
26,255
16,989
21,596
20,050
18,094
24,229
25,768
18,790
20,977
16,711
7.6
6.1
5.7
5.9
5.7
5.5
5.8
4.3
25,286
18,962
17,973
18,198
19,018
31,489
19,543
16,315
26,090
20,114
18,567
19,097
20,193
32,291
20,472
17,339
27,568
21,159
19,541
19,775
21,284
33,931
21,345
17,856
25
156
221
210
150
4
146
288
1.9
7.0
6.9
5.8
5.1
9.2
19,165
20,644
18,634
17,196
20,722
20,711
19,727
21,547
19,255
17,844
22,417
21,885
20,446
22,830
20,342
18,603
23,229
23,052
178
99
182
261
90
94
7.1
7.3
6.8
5.5
25,773
25,451
18,112
19,292
26,832
26,555
18,662
19,802
28,564
27,978
19,595
20,004
17
20
218
197
5.9
5.1
4.9
6.5
6.0
5.5
6.6
4.8
3.0
5.7
1,246 11,610 11,960
4,524 15,187 15,872
20,254 21,475 22,645
21,053 21,518 22,687
9,014 20,054 21,222
22,476 22,978 24,248
21,928 23,184 24,448
8,442 19,518 20,376
6,919 17,769 18,840
20465 21,352 22,562
313
306
109
105
152
65
61
181
247
112
Brownsville-Harlingen-San Benito,
Bryan-College Station, TX
Buffalo-Niagara Falls, NY
Burlington, VT (NECMA)
Canton-Massillon OH
Casper WY
Cedar Rapids IA
Champaign-Urbana, IL
Charleston-North Charleston, SC ...
Charleston WV
Charlotte-Gastonia-Rock Hill, NCSC
Charlottesville, VA
Chattanooga, TN-GA
Cheyenne, WY
Chicago IL*
Chico-Paradise CA
Cincinnati OH-KY-IN*
Clarksville-Hopkinsville, TN-KY
Cleveland-Lorain-Elyria, OH*
See footnotes at the end of the table.
4,018
8,052
1,414
1,469
1,550
3,835
4,363
3,390
9,447
5,744
3,125
4,094
3,235
8,879
9,168
5,201
5,434
26,536
28,472
30,989
3,172
8,461
1,570
3,318
3,512
8,887
9,453
1,597
1,664
202,969
216,553
3,482
38,428
3,053
56,482
193,676
3,225
34,473
2,694
50,869
3,317
36,084
2,854
53,136
8.8
5.8
6.4
4.2
6.7
5.0
6.5
7.0
6.3
22,580
23,622
20,230
20,458
26,553
7,249
6,881
1,928 22,848
4,943 5,405
22,910 23,809
21,505
22,926
9,450
20,420
25,501
24,022
24,630
21,330
21,201
28,177
8,040
24,199
6,833
25,303
71
56
147
153
19
280
66
298
46
Fort Smith AR-OK
Fort Walton Beach FL
Fort Wayne IN
Fort Worth-Arlington, TX*
Fresno CA
Gadsden, AL
Gainesville, FL
Galveston-Texas City, TX*
Gary, IN*
Glens Falls, NY
Great Falls MT
Greeley CO*
Green Bay Wl
Greensboro-Winston-Salem-High
Point NC
Greenville NC
Greenville-Spartanburg-Anderson,
SC
Hagerstown, MD*
Hamilton-Middletown, OH*
Harrisburg-Lebanon-Carlisle, PA ....
Hartford CT (NECMA)
Hattiesburg MS
Hickory-Morganton-Lenoir, NC
Honolulu HI
Houma LA
Houston TX*
Huntington-Ashland, WV-KY-OH ....
1995
9,66
8.2
19,104
19,68
20,77
166
10,46
32,44
34,61
19,21
19,36
17,02
21,52
20,17
9,81
4,79
6,46
1,68
6,83
1,76
21,13
21,73
18,61
24,13
17,98
17,46
73,63
79,73
1,86
1,96
6.7
6.6
5.4
6.7
5.6
5.0
8.3
5.3
16,39
16,97
17,93
157
131
259
68
285
293
32
286
7,33
7,722
22,132
5.3
6.3
19,64
20,53
21,58
20,734 21,83
23,23
8,464
2,772
7.6
5.7
3.4
8.3
6.9
6.5
5.7
7.7
5.3
5.3
17,12
18,79
19,95
21,64
6,092
2,440
8,39
3,317
1,686
1,03
5,278
5,327
5,853
2,952
4,773
4,319
1,679
8,418
2,256
2,067
4,075
32,716
7,784
6,126
3,014
2,914
9,698
30,015
14,363
20,823
7,86
2,623
2,434
45,764
10014
108,703
2,372
2,177
5,06
2,517
49,546
10,709
115,754
2,506
2,344
1,77
1,865
4,540
4,782
6,132
2,584
8,809
3,564
6,302
2,754
9,299
3,780
1,773
1,063
5,510
1,863
1,099
5,811
5,667
6,071
3,165
6,043
6,360
3,348
4,899
4,696
5,078
1,820
1,948
9,407
2,397
9,908
2,547
2,177
2,301
4,368
34,274
8,259
6,362
4,726
37,008
8,880
6,866
3,244
3,060
10,202
31,585
14,583
3,428
3,237
10,867
33,896
15,274
5,210
1,639
1,727
1,839
3,473
4,497
11,998
3,663
3,905
5,065
13,369
2,364
4,731
2,146
12,613
2,267
1,664
1,707
1,768
1,768
1,809
1,866
2,007
21,591
23,232
1,895
1,906
20,70
17,54
22,82
16,594 17,19
15,894 16,62
24,084 25,29
17,74
19,06
26,80
137
89
27,06
25,33
26,889
17,81
18,777
18,232 19,333
19,01 20,113 21,160
17,959 18,83
19,959
249
200
134
28
45
31
250
226
155
199
17,912
20,106
24,570
22,747
23,395
16,919
17,494
20,85
25,49
23,98
25,32
2.8
6.5
5.6
6.1
5.0
3.3
5.5
6.6
4.8
5.8
23,177
17,292
12,964
20,485
17,745
18,246
18,879
18,036
20,505
18,469
23,474 24,098
18,218 19,335
13,21
13,702
21,719 22,660
18,766 19,817
18,719 19,160
11 9,630 20,704
18,932 19,917
21,184 22,124
19,535 20,433
69
225
312
107
206
235
168
202
124
180
6.4
8.1
7.0
5.3
6.3
5.7
8.2
8.0
7.5
7.9
16,813
18,381
15,124
19,469
16,679
17,285
19,875
24,175
21,672
22,491
17,252
19,293
15,959
21,757
17,801
17,981
20,538
24,736
22,450
22,847
18,289
20,060
16,733
22,815
18,837
18,767
21,747
26,192
23,664
24,313
271
192
299
101
248
251
130
37
78
64
5.7
5.8
6.5
7.3
4.7
6.4
6.6
7.0
6.0
4.3
16,410
18,491
20,803
20,867
17,411
16,425
18,193
19,381
19,472
17,602
17,515
19,007
21,768
21,527
17,384
16,935
18,961
20,130
20,397
18,598
18,167
19,795
23,048
22,665
18,014
18,032
19,984
21,300
21,534
19,326
276
208
95
106
283
281
198
149
139
227
7.2
5.4
7.6
15,408 16,261 17,127
16,492 17,326 18,297
17,553 18,016 18,904
295
270
243
1,500
1,527
1,624
2,466
4,349
2,529
4,622
2,700
4,936
7.6
6.4
6.8
6.8
20,579
18,682
17,548
21,236
23,174
20,043
18,178
23,429
91
194
275
85
23,267
24,511
2,041
2,174
26,357
2,339
7.5
7.6
21,288 22,095 23,428
17,889 18,712 19,813
86
207
15,643
16,664
17,948
7.7
18,140 19,084 20,301
184
2,156
2,296
6,438
13,751
30,762
2,382
6,882
14,533
32,169
3.8
6.9
5.7
4.6
7.7
5.7
2.9
5.5
6.9
4.2
17,134
19,679
21,753
26,813
14,937
18,527
25,150
14,808
23,571
18,162
20,377
22,546
27,587
15,773
19,402
25,602
15,807
24,214
16,865
18,740
21,527
23,752
28,962
16,594
20,235
26,300
16,585
25,449
7,570
253
141
75
14
301
186
35
302
43
292
4.5
5.7
5.2
5.8
7.7
7.3
7.7
5.9
3.7
7.6
20,711
23,583
21,926
18,936
8,190 19,355
7,693 9,032
20,401 91 9^4
3,474 4,005
6,763 7,635
9,580 20,635
21,624
24,664
22,894
20646
20,161
22,617
4,897
8,366
21,865
135
55
98
203
170
190
110
310
269
127
21,714 22,223
3,561
80
8,582
8,425
262
268
6,076
13,179
29,959
1,525
1,635
1,761
5,602
21,675
2,759
84,734
5,945
22,254
2,963
88,628
6,286
22,901
5,123
5,341
Huntsville AL
Indianapolis IN
Iowa City, IA
Jackson Ml
Jackson MS
Jackson TN
Jacksonville FL
Jacksonville NC
Jamestown NY
Janesville-Beloit Wl
6,547
32,605
2,042
6,784
34,440
2,206
2,887
Jersey City NJ*
Johnson City-Kingsport-Bristol, TNJohnstown, PA
1995
2,60
20,059
Goldsboro, NC
Grand Forks, ND-MN
Grand Junction, CO
Grand Rapids-Muskegon-Holland,
U.S.
1994
2,44
7,41
2,46
2,36
43,30
9,387
100,582
2,264
2,069
1,66
4,338
Fort Myers-Cape Coral, FL
Fort Pierce-Port St. Lucie, FL
1993
8,93
Daytona Beach, FL
Decatur, AL
Decatur, IL
Denver CO*
Des Moines IA
Detroit Ml*
Dothan AL
Dover DE
Dubuque IA
Duluth-Superior MN-WI
Fayetteville NC
Fayetteville-Springdale-Rogers, AR
Flagstaff AZ-UT
Flint Ml*
Florence AL
Florence, SC
Fort Collins-Loveland, CO
1994-55
2,29
9,29
4,61
30,32
6,12
1,61
68,71
1,79
7,01
19,88
Dutchess County, NY*
Eau Claire Wl
El Paso TX
Elkhart-Goshen IN
Elmira, NY
Enid, OK
Erie PA
Eugene-Springfield OR
Evansville-Henderson, IN-KY
Fargo-Moorhead, ND-MN
1995
Rank in
Dollars
8,30
Dayton-Springfield OH
23,15
1994
Per capita personal income 3
Percen
change
M Ilions of dollars
1993
Colorado Springs CO
27,48
23,75
24,79
24,21
23,13
Area name
1995
22,044 23,196
24,59
23,32
16,95 17,658
564,13
19,396
12,071
Personal income
Per capita personal income 3
2,715
7,410
1,678
19,606
7,981
1,829
3,126
94,768
5,566
7,091
36,402
2,321
3,055
8,594
1,963
2,385
20,630
2,030
2,503
2,831
3,018
2,595
3,247
11,975
12,241
12,987
6.1
7,596
4,080
7,936
8,442
4,211
4,431
6.4
5.2
1,962
22,209
2,149
6,188
21,811
18,803
17,470
22,267
20,818
22,605
20,612
7,779
6,959
6,934
7,622
7,482
9,913
SURVEY OF CURRENT BUSINESS
D-70 • Regional Data
February 1998
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1993-95—Continued
Area name
Percent
change 2
Millions of dollars
Rank in
Dollars
U.S.
1994
1995
Jonesboro AR
Joplin MO
Kalamazoo-Battle Creek, Ml
Kankakee IL*
Kansas City MO-KS
Kenosha Wl*
Killeen-Temple TX
1,154
2,357
8,737
1,808
36,359
2,597
4,202
1,226
2,543
9,229
1,892
38,533
2,751
4,530
1,335
2,739
9,821
2,020
41,123
2,948
4,828
8.9
7.7
6.4
6.7
6.7
7.2
6.6
15,905
16,857
19,895
18,003
22,290
19,092
15,600
16,704
17,960
20,964
18,699
23,244
19,990
15,682
17,826
19,088
22,203
19,901
24,576
21,117
16,508
290
241
122
204
58
158
303
Knoxville TN
Kokomo, IN
La Crosse, WI-MN
Lafayette, LA
Lafayette, IN
Lake Charles LA
Lakeland-Winter Haven, FL
Lancaster PA
Lansing-East Lansing Ml
Laredo TX
12,153
2,071
2,314
5,720
2,994
2,957
7,175
9,537
8,531
1,730
12,964
2,203
2,430
6,161
3,164
3,176
7,709
9,785
9,168
1,885
13,814
2,368
2,550
6,527
3,353
3,394
8,344
10,321
9,686
1,966
6.6
7.5
4.9
5.9
6.0
6.9
8.2
5.5
5.7
4.3
19,627
20,848
19,385
15,999
18,070
17,188
16,972
21,745
19,553
10,998
20,566
22,130
20,210
17,060
18,806
18,258
17,930
22,084
20,614
11,430
21,558
23,715
21,088
17,867
19,734
19,262
19,126
23,056
21,717
11,402
138
77
159
287
215
230
238
93
132
314
Las Cruces, NM
Las Vegas, NV-AZ
Lawrence, KS
Lawton, OK
Lewiston-Auburn, ME (NECMA)
Lexington KY
Lima OH*
Lincoln, NE
Little Rock-North Little Rock, AR ...
Lonqview-Marshall TX
2,059
21,342
1,417
1,778
1,849
8,660
2,795
4,541
10,489
3,507
2,160
23,786
1,505
1,803
1,918
9,080
2,988
4,831
11,105
3,660
2,343
26,198
1,608
1,880
2,019
9,743
3,117
5,156
11,916
3,905
8.5
6.8
4.3
5.3
7.3
4.3
6.7
7.3
6.7
13,487
21,054
16,483
15,041
17,808
20,331
17,897
20,275
19,680
17,531
13,752
21,974
17,266
15,866
18,558
21,060
19,168
21,325
20,652
18,166
14,643
22,927
18,191
16,870
19,626
22,394
20,042
22,446
21,954
19,132
311
97
274
297
217
116
195
114
126
237
199,770
20,804
4,100
3,723
5,490
9,206
3,039
4,521
2,859
8,564
201,754
21,834
4,330
3,922
5,740
9,765
3,201
4,893
3,070
8,938
213,337
23,232
4,590
4,127
6,085
10,391
3,373
5,248
3,272
9,341
5.7
6.4
6.0
5.2
6.0
6.4
5.4
7.3
6.6
4.5
21,984
21,363
18,027
18,550
18,129
23,822
17,343
10,170
18,080
19,663
22,218
22,267
18,776
19,314
18,686
25,032
18,265
10,525
18,913
20,161
23,501
23,552
19,783
20,199
19,674
26,449
19,243
10,878
19,746
20,747
82
81
209
188
216
33
231
315
213
167
Memphis TN-AR-MS
Merced, CA
Miami, FL*
Middlesex-Somerset-Hunterdon,
NJ*
Milwaukee-Waukesha, Wl*
Minneapolis-St. Paul, MN-WI
Mobile AL
Modesto CA
Monmouth-Ocean NJ*
Monroe LA
21,862
3,025
39,110
23,432
3,043
40,344
25,222
3,017
43,087
7.6
-.9
6.8
20,988 22,215 23,640
15,735 15,494 15,653
19,699 20,056 21,058
79
307
160
31,640
33,779
66,474
8,495
6,992
27,308
2,390
33,117
35,519
70,555
8,967
7,139
28,058
2,528
35,087
37,698
74,901
9,469
7,449
29,635
2,708
5.9
6.1
6.2
5.6
4.3
5.6
7.1
29,967
23,263
25,026
16,811
17,379
26,720
16,395
30,997
24,422
26,197
17,614
17,537
27,089
17,304
32,507
25,906
27,436
18,429
18,122
28,187
18,444
7
38
26
266
278
18
264
Montgomery, AL
Muncie, IN
Myrtle Beach, SC
Naples, FL
Nashville, TN
Nassau-Suffolk, NY*
New Haven-Bridgeport-StamfordDanbury-Waterbury, CT*
New London-Norwich, CT
(NECMA)
New Orleans LA
New York NY*
5,840
2,180
2,544
5,343
23,385
77,581
6,178
2,287
2,771
5,601
25,394
80,864
6,558
2,384
3,034
6,015
27,453
85,250
6.1
4.2
9.5
7.4
8.1
5.4
18,996
18,185
17,143
31,084
22,367
29,373
19,964
19,204
18,177
31,447
23,716
30,527
21,000
20,044
19,220
32,878
25,077
32,108
162
193
234
5
50
9
52,715
54,255
57,566
6.1
32,372 33,352 35,400
3
5,907
25,439
242,044
6,264
26,568
251,831
6,615
28,089
266,669
5.6
5.7
5.9
23,761 25,157 26,436
19,497 20,277 21,374
28,163 29,227 30,896
34
144
11
Los Angeles-Long Beach, CA*
Louisville KY-IN
Lubbock, TX
Lynchburg VA
Macon, GA .
Madison, Wl
Mansfield OH
McAllen-Edinburg-Mission, TX
Medford-Ashland OR
Melbourne-Titusville-Palm Bay, FL
10.1
1993
1994
1995
Area name
21,293
22,694
24,596
8.4
22,661 23,448 24,675
Rapid City SD
Reading PA
Redding CA
Reno, NV
Richland-Kennewick-Pasco, WA ....
Richmond-Petersburg VA
Riverside-San Bernardino, CA*
Roanoke VA
Rochester MN
Rochester NY
1,564
7,698
2,909
6,933
3,388
21,378
50,578
5,017
2,608
24,339
1,645
8,020
3,007
7,506
3,605
22,540
52,250
5,207
2,667
25,451
1,760
8,455
3,146
8,110
3,699
23,940
55,477
5,575
2,784
26,703
7.0
5.4
4.6
8.0
2.6
6.2
6.2
7.1
4.4
4.9
18,181
22,268
18,319
25,189
20,220
23,600
17,584
22,045
23,141
22,372
18,991
23,008
18,785
26,448
20,691
24,587
17,892
22,753
23,574
23,386
20,176
24,139
19,558
27,866
20,618
25,851
18,685
24,378
24,720
24,566
189
67
219
23
171
41
255
62
52
59
Rockford IL
Rocky Mount, NC
Sacramento CA*
Saginaw-Bay City-Midland, Ml
St Cloud MN
St. Joseph, MO
St Louis MO-IL
Salem OR*
Salinas CA
Salt Lake City-Ogden UT
6,837
2,375
30,464
7,973
2,609
1,697
56,970
5,300
7,946
20,413
7,381
2,481
31,962
8,478
2,777
1,781
59,826
5,624
7,922
22,030
7,888
2,656
34,258
8,996
2,902
1,872
63,929
6,010
8,452
23,739
6.9
7.1
7.2
6.1
4.5
5.1
6.9
6.9
6.7
7.8
19,923
17,147
21,306
19,787
16,825
17,251
22,529
17,612
22,577
17,674
21,330
17,631
22,173
21,047
17,708
18,214
23,634
18,278
23,804
18,703
22,602
18,615
23,459
22,342
18,278
19,222
25,170
19,154
25,270
19,825
111
260
84
118
272
233
48
236
47
205
San Angelo TX
San Antonio, TX
San Diego, CA
San Francisco CA*
San Jose CA*
San Luis Obispo-Atascadero-Paso
Robles CA
Santa Barbara-Santa MariaLorn poc CA
Santa Cruz-Watsonviile, CA*
Santa Fe NM
Santa Rosa CA*
1,754
25,644
56,001
55,375
43,786
1,845
27,298
57,820
56,964
45,784
1,958
29,313
61,106
60,853
49,548
6.1
7.4
5.7
6.8
8.2
17,553
18,214
21,484
33,891
28,362
18,247
19,055
22,114
34,745
29,439
19,231
20,034
23,263
36,989
31,487
232
196
88
1
10
4,216
4,361
4,645
6.5
18,970 19,444 20,490
176
9,193
5,618
2,913
9,703
9,378
5,788
3,087
10,103
9,929
6,193
3,350
10,779
5.9
7.0
8.5
6.7
24,216
24,049
22,812
23,799
25,860
26,202
24,691
25,888
40
36
53
39
Sarasota-Bradenton FL . .
Savannah, GA
Scranton-Wilkes-Barre-Hazleton,
PA
Seattle-Bellevue-Everett, WA*
Sharon PA
Sheboygan Wl
Sherman-Denison TX
Shreveport-Bossier City, LA
Sioux City IA-NE
Sioux Fails, SD
13,489
5,292
14,375
5,612
15,557
5,971
8.2
6.4
26,406 27,704 29,641
19,473 20,318 21,351
13
145
11,963
57,079
2,042
2,188
1,677
6,963
2,196
3,208
12,316
59,763
2,141
2,314
1,751
7,296
2,336
3,504
12,927
63,422
2,259
2,456
1,879
7,672
2,517
3,747
5.0
6.1
5.5
6.2
7.3
5.2
7.7
6.9
18,695
26,458
16,702
20,589
17,420
18,495
18,493
21,573
19,363
27,422
17,545
21,526
17,963
19,321
19,544
23,045
20,442
28,773
18,498
22,560
19,090
20,228
20,871
24,320
179
15
263
113
240
187
165
63
South Bend, IN
Spokane WA
Springfield IL
Springfield, MO
Springfield MA (NECMA)
State College PA
Steubenville-Weirton, OH-WV
Stockton-Lodi CA
Sumter SC
Syracuse NY
5,126
7,409
4,145
5,243
12,124
2,247
2,326
9,115
1,463
14,898
5,399
7,849
4,381
5,640
12,566
2,333
2,420
9,385
1,549
15,544
5,741
8,271
4,554
6,053
13,264
2,475
2,521
9,924
1,645
16,171
6.3
5.4
3.9
7.3
5.6
6.1
4.2
5.7
6.2
4.0
20,215
18,932
21,311
18,562
20,321
17,403
16,519
17,826
13,811
19,745
21,150
19,788
21,657
19,556
21,080
17,977
17,278
18,085
14,557
20,676
22,350
20,575
22,426
20,616
22,342
18,957
18,079
18,874
15,387
21,592
117
173
115
172
118
242
279
245
308
136
Tacoma WA*
Tallahassee, FL
Tampa-St. Petersburg-Clearwater,
FL
Terre Haute, IN
Texarkana, TX-Texarkana, AR
Toledo OH
Topeka KS
Trenton, NJ*
Tucson AZ
Tulsa OK
12,125
4,504
12,706
4,784
13,586
5,083
6.9
6.3
19,231 19,899 20,945
18,014 18,760 19,753
163
212
43,934
2,574
1,975
12,583
3,409
9,809
12,644
14,918
45,864
2,654
2,080
13,292
3,554
10,194
13,782
15,473
49,391
2,789
2,215
14,038
3,753
10,770
14,770
16,274
7.7
5.1
6.5
5.6
5.6
5.7
7.2
5.2
20,567
17,160
16,184
20,521
20,775
29,853
17,767
20,192
21,246
17,757
16,939
21,730
21,540
30,964
18,761
20,823
22,646
18,640
17,998
22,971
22,752
32,633
19,556
21,789
108
258
284
96
104
6
220
129
2,678
3,054
5,632
10,108
16,035
1,513
2,720
5,263
3,297
126,237
2,856
3,238
5,892
10,476
16,494
1,594
2,786
5,363
3,474
132,361
3,045
3,456
6,085
11,174
17,485
1,700
2,936
5,615
3,734
139,085
6.6
6.7
3.3
6.7
6.0
6.6
5.4
4.7
7.5
5.1
17,306
19,357
17,729
21,138
23,196
19,197
19,567
15,516
16,963
28,631
18,411
20,245
18,680
21,820
23,527
19,892
20,063
15,517
17,528
29,644
19,281
21,253
19,740
23,328
24,736
21,042
21,312
16,144
18,674
30,824
229
151
214
87
51
161
148
305
257
12
2,258
2,247
30,995
2,717
10,710
2,384
2,119
13,709
3,499
3,599
2,406
2,370
32,424
2,796
10,934
2,519
2,184
14,321
3,741
3,738
2,540
2,530
35,204
2,926
11,617
2,707
2,290
15,249
4,062
3,934
5!6
6.8
8.6
4.7
6.2
7.5
4.9
6.5
8.6
5.2
18,142
18,772
33,197
17,138
21,238
18,295
17,517
25,649
18,667
17,559
19,419
19,689
33,862
17,723
21,574
19,020
18,080
26,507
19,314
17,810
20,660
20,902
36,057
18,682
22,823
19,933
19,102
27,924
20,247
18,427
169
164
2
256
100
201
239
21
185
267
2,952
7,632
11,051
2,191
1,757
3,055
7,823
11,641
2,233
1,687
3,276
8,299
12,302
2,366
1,976
7.2
6.1
5.7
5.9
20,293
21,563
18,249
16,566
14,112
20,864
21,727
19,317
16,569
13,228
22,083
22,759
20,512
17,414
16,221
125
103
175
294
304
62,684
7,729
6.3
4.5
29,599 30,459 32,346
20,037 20,813 21,528
8
140
28,554
56,796
3,533
4,650
18,503
3,791
14,167
65,005
29,768
58,801
3,804
4,875
19,443
3,996
14,958
67,212
31,217
62,995
4,090
5,152
20,474
4,288
16,108
71,272
4.9
7.1
7.5
5.7
5.3
7.3
7.7
6.0
18,826
26,196
16,673
19,829
18,575
20,662
21,535
25,681
19,485
26,973
17,318
20,618
19,277
21,301
22,540
26,213
20,332
28,729
18,130
21,674
20,139
22,258
24,002
27,420
183
16
277
133
191
120
72
27
Orlando FL
Owensboro, KY
Panama City, FL
Parkersburg-Marietta, WV-OH
Pensacola FL
Peoria-Pekin, IL
Philadelphia PA-NJ*
Phoenix-Mesa AZ
Pine Bluff, AR
Pittsburgh PA
26,180
1,562
2,373
2,739
6,229
7,005
122,479
48,394
1,290
53,184
27,690
1,669
2,471
2,853
6,484
7,418
126,364
52,629
1,319
54,634
29,645
1,758
2,592
2,999
6,818
7,692
133,528
58,036
1,397
57,518
7.1
5.3
4.9
5.1
5.1
3.7
5.7
5.8
5.3
19,621
17,468
17,295
18,115
17,195
20,428
24,775
20,180
15,294
22,090
20,313
18,496
17,680
18,816
17,391
21,551
25,521
21,178
15,649
22,760
21,395
19,390
18,229
19,774
18,025
22,235
26,959
21,839
16,685
24,071
143
223
273
211
282
121
30
128
300
70
3,048
1,121
5,649
36,081
3,145
1,182
5,896
38,758
3,326
1,245
6,253
42,160
5.8
5.3
6.1
8.8
22,395
16,056
23,032
21,897
23,151
16,404
23,839
23,046
24,611
17,033
25,127
24,553
57
296
49
60
Waterloo-Cedar Falls, IA
Wausau Wl
West Palm Beach-Boca Raton, FL
Wheeling, WV-OH
Wichita KS .
Wichita Falls, TX
Williamsport, PA
Wilmington-Newark, DE-MD*
Wilmington NC
Yakima, WA
19,832
3,895
2,061
2,294
3,849
20,241
4,248
2,176
2,456
4,073
21,576
4,691
2,390
2,649
4,327
6.6
21,687
13,736
16,378
18,636
21,217
22,185
14,063
17,025
19,483
22,275
23,730
15,099
18,441
20,539
23,498
76
309
265
174
83
Yolo CA*
... .
York, PA
Youngstown-Warren OH
Yuba City CA
Yuma AZ
9.9
7.9
6.2
1. The personal income level shown for the United States is derived as the sum of the county estimates; it
differs from the national income and product accounts (NIPA) estimate of personal income because, by definition,
it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed
abroad temporarily by private U.S. firms. It can also diner from the NIPA estimate because of different data sources
and revision schedules.
2. Percent change was calculated from unrounded data.
3. Per capita personal income was computed using Census Bureau midyear population estimates. Estimates for
U.S.
Raleigh-Durham-Chapel Hill, NC ...
58,947
7,395
10.4
Rank in
Dollars
1995
57,117
7,061
Pittsfield, MA (NECMA)
Pocatello ID
Portland, ME (NECMA)
Portland-Vancouver, OR-WA*
Providence-Warwick-Pawtucket, Rl
(NECMA)
Provo-Orem UT
Pueblo CO
Punta Gorda FL
Racine Wl*
Millions of dollars
1994
1995
Newark, NJ*
Newburgh, NY-PA*
Norfolk-Virginia Beach-Newport
News, VA-NC
Oakland, CA* . .
Ocala FL
Odessa-Midland TX
Oklahoma City OK
Olympia WA*
Omaha, NE-IA
Orange County CA*
10.3
Percent
change2
1993
1993
1994-95
Per capita personal income3
Personal income
Per capita personal income 3
Personal income
Tuscaloosa AL
....
Tyler, TX
Utica-Rome, NY
Vallejo-Fairfield-Napa, CA*
Ventura CA*
Victoria, TX
Vineland-Millville-Bridgeton, NJ*
Visalia-Tulare-PortervHIe, CA
Waco TX
Washington, DC-MD-VA-WV*
1994-55
17.1
1993
1994
24,435
24,587
23,461
24,533
1995
1995
54
1993-95 reflect county population estimates available as of March 1997.
4. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's designated by *), and
New England County Metropolitan Areas (NECMA's). The New Haven-Bridgeport-Stamford-Danbury-Waterbury, CT
NECMA is presented as a PMSA (part of the New York CMSA).
, ,., ; ,
Source: Table 1 in "Comprehensive Revision of Local Area Personal Income, 1969-95" in the September 1997
SURVEY OF CURRENT BUSINESS.
Regional Data • D-71
SURVEY OF CURRENT BUSINESS
February 1998
L. Charts.
SELECTED REGIONAL ESTIMATES
SHARES OF U.S. PERSONAL INCOME BY REGION
1969
1996
Great Lakes
16.5%
Great Lakes
20.8%
New England
6.4%
Plains
6.7%
New England
6.0%
Plains
7.5%
Southeast
17.3%
Southwest
7.0%
Rocky Mountain
2.2%
Rocky Mountain
2.9%
Southwest
9.5%
SHARES OF U.S. GROSS STATE PRODUCT BY REGION
1977
Mideast
20.1%
Great Lakes
19.6%
1994
Great Lakes
16.3%
Mideast
19.4%
Plains
6.7%
New England
5.2%
Plains
7.5%
New England
5.7%
Southeast
21.6%
Southeast
19.6%
Rocky Mountain
2.8%
Rocky Mountain
2.9%
Southwest
AVERAGE ANNUAL GROWTH RATE OF PERSONAL INCOME, 1969-96
STATES WITH FASTEST GROWTH
US
' '
U.S. average
8.2%
STATES WITH SLOWEST GROWTH
North Dakota
Indiana
West Virginia
Rhode Island
Michigan
Pennsylvania
Illinois
New York
Ohio
Iowa
4
U.S. Department of Commerce, Bureau of Economic Analysis
5
6
7
8
Percent
9
10
11
12
SURVEY OF CURRENT BUSINESS
D-72 • Regional Data
February
SELECTED REGIONAL ESTIMATES
PER CAPITA PERSONAL INCOME.1996
! AL GA
MS $20,131 > $22,977
$2^82
$25,404
United States $24,426
$24 398
States with highest levels
States with lowest levels
All other States
PERSONAL INCOME GROWTH: AVERAGE QUARTERLY PERCENT CHANGE, 1996:111-1997:111
v
United States 1.4%
^
States with largest percent change
States with smallest percent change
All other States
U.S. Department of Commerce, Bureau of Economic Analysis
,'
'
February 1998
SURVEY OF CURRENT BUSINESS
Appendixes • D-73
Appendix A
Additional Information About BEA'S NIPA Estimates
Statistical Conventions
Changes in current-dollar GDP measure changes in
the market value of goods and services produced in
the economy in a particular period. For many purposes, it is necessary to decompose these changes into
quantity and price components. To compute the
quantity indexes, changes in the quantities of individual goods and services are weighted by their prices.
(Quantity changes for GDP are often referred to as
changes in "real GDP") For the price indexes, changes
in the prices for individual goods and services are
weighted by quantities produced. (In practice, the
current-dollar value and price indexes for most GDP
components are determined largely using data from
Federal Government surveys, and the real values of
these components are calculated by deflation at the
most detailed level for which all the required data are
available.)
Except for the most recent period, the annual and
quarterly changes in real GDP and prices are "chaintype" measures that are both based on the "Fisher
Ideal" formula that incorporates weights from two adjacent years. For example, the 1992-93 percent change
in real GDP uses prices for 1992 and 1993 as weights,
and the 1992-93 percent change in price uses quantities for 1992 and 1993 as weights. Because the quantity
and price index numbers calculated in this way are
symmetric, the product of the index of real GDP and
the index of prices equals the index of current-dollar
GDP.
In the most recent period, a variant of the formula
is used because only i year's information is available
for computing the index number weights. Accordingly, BEA uses the prices and quantities from the two
adjacent quarters as weights to calculate Fisher chaintype measures for those estimates. For example, the
1996:11-1996:111 percent change in real GDP uses prices
for 1996:11 and 1996:111 as weights, and the 1996:111996:111 percent change in the GDP price index uses
quantities for 1996:11 and 1996:111 as weights.
BEA also presents another measure, known as the
"implicit price deflator," in the NIPA tables. The implicit price deflator is calculated as the ratio of currentdollar value to the corresponding chained-dollar value
multiplied by 100.
In addition, BEA prepares measures of real GDP
and its components in a dollar-denominated form,
designated "chained (1992) dollar estimates!' These estimates are computed by multiplying the 1992 currentdollar value of GDP, or of a GDP component, by the
corresponding quantity index number. For example,
if a current-dollar GDP component equaled $100 in
1992 and if real output for this component increased
by 10 percent in 1993, then the "chained (1992) dollar"
value of this component in 1993 would be $110 ($100
X 1.10). Note that percentage changes in the chained
(1992) dollar estimates and the percentage changes calculated from the quantity indexes are identical, except
for small differences due to rounding.
Because of the formula used for calculating real GDP,
the chained (1992) dollar estimates for detailed GDP
components do not add to the chained-dollar value
of GDP or to any intermediate aggregates. A "residual" line is shown as the difference between GDP and
the sum of the most detailed components shown in
each table. The residual generally is small close to the
base period but tends to become larger as one moves
further from it. In cases where the residual is large,
the table of contributions of the major components
to the change in real GDP provides a better basis for
determining the composition of GDP growth than the
chained-dollar estimates.
For quarters and months, the estimates are presented at annual rates, which show the value that would
be registered if the rate of activity measured for a
quarter or a month were maintained for a full year.
Annual rates are used so that time periods of different lengths— for example, quarters and years— may be
compared easily. These annual rates are determined
simply by multiplying the estimated rate of activity by
4 (for quarterly data) or 12 (for monthly data).
Percent changes in the estimates are also expressed
at annual rates. Calculating these changes requires a
variant of the compound interest formula:
f / Y \™>ln
1 1 100
-[(£) - ] * '
where r is the percent change at an annual rate;
Xt is the level of activity in the later period;
X0 is the level of activity in the earlier period;
m is the yearly periodicity of the data (for
example, i for annual data, 4 for quarterly,
or 12 for monthly); and
n is the number of periods between the
earlier and later periods (that is, t - 0).
Quarterly and monthly NIPA estimates are seasonally
adjusted, if necessary. Seasonal adjustment removes
from the time series the average impact of variations that normally occur at about the same time and
in about the same magnitude each year— for example, weather, holidays, and tax payment dates. After
seasonal adjustment, cyclical and other short-term
changes in the economy stand out more clearly.
D-74
SURVEY OF CURRENT BUSINESS
• Appendixes
February 1998
Reconciliation Tables
Table 1.—Reconciliation of Changes in BEA-Derived Compensation Per Hour With BLS Average Hourly Earnings
[Percent change from preceding period]
Seasonally adjusted at annual rates
1995
1997^
1996
1997
1996
II
I
IV
\MP
III
BEA-derived compensation per hour of all persons in the nonfarm business sector
(less housing)
2.4
3.2
3.8
3.3
4.5
3.3
4.3
4.4
Less: Contribution of supplements to wages and salaries per hour
-.6
-.6
-.5
-1.0
-.4
-.2
-.1
-.8
Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit
institutions
.
0
-.1
-.1
-.4
.1
0
-.2
-.4
.2
.1
.2
-.2
.1
0
.3
2.8
3.6
4.1
4.0
4.9
3.5
3.9
Less: Contribution of wages and salaries per hour of persons in government enterprises,
unpaid family workers and self-employed
Equals: BEA-derived wages and salaries per hour of all employees in the private
nonfarm sector
Less: Contribution of wages and salaries per hour of nonproduction workers in
manufacturing
.
4.8
.1
-.2
-.3
-.3
-.3
-.1
-.1
-.1
Less: Other differences '
-.1
.5
.5
.5
1.1
.6
.2
-.1
Equals: BLS average hourly earnings of production or nonsupervisory workers on
private nonfarm payrolls
2.9
3.3
3.8
3.9
4.2
3.0
3.8
5.0
Addendum:
BLS estimates of comoensation oer hour in the nonfarm business sector2
2.5
3.1
3.3
4.5
3.3
3.9
p Preliminary.
1. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates
also include differences in BEA and BLS benchmark procedures; quarterly estimates also include
differences in seasonal adjustment procedures.
2. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates
include compensation and hours of tenant-occupied housing.
Table 2.—Relation of Net Exports of Goods and Services and Net Receipts of Factor Income in the National Income and
Product Accounts (NIPA's) to Balance on Goods, Services, and Income in the Balance of Payments Accounts (BPA's)
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1995
1997
1996
1996
II
III
IV
II
I
III
Exports of goods, services, and income, BPA's
1
Less" Gold BPA's
Statistical differences l
Other items
2
3
4
5.1
0
.9
6.9
0
1.1
12.5
0
1.0
5.2
0
1.5
3.7
0
1.1
6.7
.6
.8
9.3
5.6
.7
3.4
6.1
.6
Plus' Adjustment for grossing of parent/affiliate interest payments
Adjustment for U S territories and Puerto Rico
Services furnished without payment by financial intermediaries except life insurance
carriers and private noninsured pension plans
5
6
8.0
33.3
8.7
34.0
7.3
34.1
8.4
33.6
8.9
34.9
8.6
35.4
8.4
36.5
9.9
36.0
7
14.5
15.3
14.8
15.9
16.3
16.5
17.0
17.1
Equals: Exports of goods and services and receipts of factor income, NIPA's
8 1,041.2 1,105.1 1,092.0 1,099.0 1,153.4 1,170.4 1,221.9 1,235.2
991.5 1,055.2 1,049.3 1,047.9 1,098.2 1,118.1 1,175.5 1,182.4
9 1,086.5 1,163.4 1,156.9 1,183.5 1,198.0 1,243.2 1,291.0 1,314.2
Imports of goods, services, and income, BPA's
10
11
12
5.3
0
0
7.7
0
0
14.6
0
0
6.2
0
0
3.4
0
0
8.7
-3.4
0
11.0
-3.6
0
3.0
-4.7
0
Plus: Gold, NIPA's
Adjustment for grossing of parent/affiliate interest payments
Adjustment for U S territories and Puerto Rico
Imputed interest paid to rest of world
13
14
15
16
-3.6
8.0
21.9
14.5
-3.8
8.7
22.4
15.3
-3.6
7.3
22.3
14.8
-4.0
8.4
22.4
15.9
-4.2
8.9
23.4
16.3
-3.6
8.6
24.1
16.5
-3.9
8.4
26.1
17.0
-3.6
9.9
27.9
17.1
Equals' Imports of goods and services and payments of factor income, NIPA's
17 1,122.0 1,198.3 1,183.0 1,219.9 1,238.8 1,283.5 1,331.3 1,367.2
Balance on goods, services, and income, BPA's (1-9)
18
Less: Gold, BPA's
Statistical differences l
Other items
less: Gold (2-10+13)
Statistical differences (3-1 1 )!
Other items (4-12)
.
.
.
:
.
-95.0 -108.2 -107.6 -135.6
-99.8 -125.1 -115.5 -131.8
19
20
21
-3.8
0
.9
-4.6
0
1.1
-5.7
0
1.0
-5.0
0
1.5
-0.9
0
1.1
-5.6
4.0
.8
-5.6
9.2
.7
-3.2
10.8
.6
Plus: Adjustment for U S territories and Puerto Rico (&-15)
22
11.4
11.6
11.8
11.2
11.5
11.3
10.4
8.1
Equals-. Net exports of goods and services and net receipts of factor income, NIPA's
(8-17)
23
-60.8
-33.2
. .
1. Consists of statistical revisions in the NIPA's that have not yet been incorporated into the
BPA's (1997:111) and statistical revisions in the BPA's that have not yet been incorporated in the
NIPA's (1997:1-1997:111).
-91.0 -120.9
-85.4 -113.1 -109.4 -132.0
Appendixes • D-75
SURVEY OF CURRENT BUSINESS
February 1998
Appendix B
Suggested Reading
Mid-Decade Strategic Plan
BEA has published the following articles in the SURVEY OF CURRENT BUSINESS on the development and
implementation of its strategic plan for improving
the accuracy, reliability, and relevance of the national,
regional, and international accounts.
"Mid-Decade Strategic Review of BEA'S Economic
Accounts: Maintaining and Improving Their
Performance" (February 1995)*
"Mid-Decade Strategic Review of BEA'S Economic
Accounts: An Update" (April 1995)*
"BEA'S Mid-Decade Strategic Plan: A Progress
Report" (June 1996)*
Mid-Decade Strategic Review of BEA'S Economic
Accounts: Background Papers (1995) presents seven
background papers that evaluate the state of the U.S.
economic accounts and that identify the problems and
the prospects for improving the accounts.
Methodology
BEA has published a wealth of information about the
methodology used to prepare its national, regional,
and international estimates.
National
National income and product accounts (NIPA'S)
NIPA Methodology Papers: This series documents
the conceptual framework of the NIPA'S and the
methodology used to prepare the estimates.
An Introduction to National Economic Accounting
(NIPA Methodology Paper No. i, 1985) [Also
appeared in the March 1985 issue of the SURVEY]
Corporate Profits: Profits Before Tax, Profits Tax
Liability, and Dividends (NIPA Methodology Paper
No. 2,1985)
Foreign Transactions (NIPA Methodology Paper
No. 3,1987)
GNP: An Overview of Source Data and Estimating Methods (NIPA Methodology Paper No. 4,
1987) [Also appeared in the July 1987 issue of the
SURVEY]
Government Transactions (NIPA Methodology
Paper No. 5,1988)*
Personal Consumption Expenditures (NIPA Methodology Paper No. 6,1990)
* Items with an asterisk can be found on BEA'S Internet site at
<http://www.bea.doc.gov>.
The methodologies described in these papers are
subject to periodic improvements that are typically
introduced as part of the annual and comprehensive revisions of the NIPA'S; these improvements are
described in the SURVEY articles that cover these
revisions.
"Annual Revision of the U.S. National Income and
Product Accounts": This series of SURVEY articles,
the latest of which was published in the August 1997
issue,* describes the annual NIPA revisions and the
improvements in methodology.
The most recent comprehensive revision of the
NIPA'S is described in the following series of SURVEY
articles.
"Preview of the Comprehensive Revision of the
National Income and Product Accounts: BEA'S
New Featured Measures of Output and Prices"
(July 1995)*
"Preview of the Comprehensive Revision of the
National Income and Product Accounts: Recog'nition of Government Investment and Incorporation of a New Methodology for Calculating
Depreciation" (September 1995)*
"Preview of the Comprehensive Revision of the
National Income and Product Accounts: New and
Redesigned Tables" (October 1995)*
"Improved Estimates of the National Income
and Product Accounts for 1959-95: Results of
the Comprehensive Revision" (January/February
1996)*
"Completion of the Comprehensive Revision of
the National Income and Product Accounts,
1929-96" (May 1997)*
"Updated Summary NIPA Methodologies" (September 1997 SURVEY)* identifies the principal source data
and estimating methods that are used to prepare the
estimates of gross domestic product (GDP).
Availability
For the availability of some of these publications,
see the inside back cover of this issue. See also the
User's Guide to BEA Information-. To request a copy,
write to the Public Information Office, BE-53, Bureau
of Economic Analysis, U.S. Department of Commerce,
Washington DC 20230, call 202-606-9900, or visit BEA'S
Internet site at <http://www.bea.doc.gov>.
D-76 • Appendixes
SURVEY OF CURRENT BUSINESS
Information on the sources and methods used to
prepare the national estimates of personal income,
which provide the basis for the State estimates of personal income, can be found in State Personal Income,
1929-93 (1995).*
"Gross Domestic Product as a Measure of U.S. Production" (August 1991 SURVEY)* briefly explains the
difference between GDP and gross national product.
The conceptual basis for the chain-type measures of
real output and prices used in the NIPA'S is described
in the following SURVEY articles.
"Alternative Measures of Change in Real Output
and Prices" (April 1992)*
"Economic Theory and BEA'S Alternative Quantity
and Price Indexes" (April 1992)*
"Alternative Measures of Change in Real Output and Prices, Quarterly Estimates for 1959-92"
(March 1993)*
"Preview of the Comprehensive Revision of the
National Income and Product Accounts: BEA'S
New Featured Measures of Output and Prices"
(July 1995)*
"BEA'S Chain Indexes, Time Series, and Measures
of Long-Term Economic Growth" (May 1997)*
"Reliability and Accuracy of the Quarterly Estimates
of GDP" (October 1993 SURVEY)* evaluates GDP estimates by examining the record of revisions in the
quarterly estimates.
"A Look at How BEA Presents the NIPA'S" (May
1996 SURVEY)* explains how to locate the NIPA estimates and some of the conventions used in their
presentation.
Wealth and related estimates
"Improved Estimates of Fixed Reproducible Tangible
Wealth, 1929-95" (May 1997 SURVEY)* describes the
most recent comprehensive revision of the estimates
of fixed reproducible tangible wealth.
February 1998
International
Balance of payments accounts (BPA'S)
The Balance of Payments of the United States: Concepts,
Data Sources, and Estimating Procedures (1990)* describes the methodologies used in preparing the estimates in the BPA'S and of the international investment
position of the United States. These methodologies
are subject to periodic improvements that are typically introduced as part of the annual revisions of
the BPA'S.
"U.S. International Transactions, Revised Estimates": This series of SURVEY articles, the latest of
which was published in the July 1997 issue,* describes
the annual BPA revisions and the improvements in
methodology.
Direct investment
The coverage, concepts, definitions, and classifications used in the benchmark surveys of U.S. direct
investment abroad and of foreign direct investment
in the United States are presented in the publications of the final results of the following benchmark
surveys.
U.S. Direct Investment Abroad: 1989 Benchmark
Survey, Final Results (1992)*
Foreign Direct Investment in the United States: 1992
Benchmark Survey, Final Results (1995)*
The types of data on direct investment that are collected and published by BEA and the clarifications of
the differences between the data sets are presented in
the following SURVEY articles.
"A Guide to BEA Statistics on U.S. Multinational
Companies" (March 1995)*
"A Guide to BEA Statistics on Foreign Direct
Investment in the United States" (February 1990)*
Regional
Gross product by industry
Personal income
"Improved Estimates of Gross Product by Industry,
1959-94" (August 1996 SURVEY)* describes the most
recent comprehensive revision of the estimates of gross
product by industry.
"Gross Product by Industry, 1947-96" (November
1997 SURVEY)* presents the most recent revision to
the estimates of gross product by industry and briefly
describes changes in methodology.
State Personal Income, 1929-93 (1995)* includes a description of the methodology used to prepare the
estimates of State personal income. [Also available on
the CD-ROM "State Personal Income, 1958-96"]
Local Area Personal Income, 1969-92 (1994)* includes a description of the methodology used to
prepare the estimates of local area personal income.
[Also available on the CD-ROM "Regional Economic
Information System, 1969-95"]
Input-output accounts
"Benchmark Input-Output Accounts for the U.S.
Economy, 1992" (November 1997 SURVEY)* describes
the preparation of the 1992 input-output accounts
and the concepts and methods underlying the U.S.
input-output accounts.
Gross state product
"Comprehensive Revision of Gross State Product by
Industry, 1977-94" (June 1997 SURVEY)* summarizes
the sources and methods for BEA'S estimates of gross
state product. £g|
BEA INFORMATION
The economic information prepared by the Bureau of Economic Analysis (BEA) is
available in news releases, in publications, on computer diskettes, on CI>-ROM s, and on
the Internet. For a description of these products in the free User's Guide to BEA
Information, write to the Public Information Office, BB-53, Bureau of Economic
Analysis, U.S. Department of Commerce, Washington, DC 20230, or call (202) 6069900, The User's Guide and other information are also available on BEA'S home page at
http://www.bea»docgov.
In addition, the following publications are available from the Superintendent of
Documents of the Government Printing Office (GPO). To order, write to Superintendent of Documents, P.O.BOX 371954,Pittsburgh,PA 15250-7954,call (202) 512-1800
or fax (202) 512-2250, Pay by check to the Superintendent of Documents or charge to a
GPO deposit account, to VISA, or to MasterCard.
Benchmark Input-Output Accounts of the United States, 1987. (1994)
Presents summary and detailed make and use tables for industries and
commodities; tables showing commodity- and Industry-output-require-mehts per dollar of commodity demanded; and tables showing
the input-output (i-o) commodity composition of personal consumption expenditures and producersT durable equipment expenditures in
the national income and product accounts. Presents concepts and
methods used in the 1987 benchmark accounts; concordance beween i-o
and 1987 Standard Industrial Classification codes; description of the
components of the measures of output, intermediate inputs, and value
added; and mathematical derivation of total requirements tables. (468
pages) $29,00, stock no, 003-010—00251—4.
Regional Multipliers: A User Handbook for the Regional Input- Output Modeling System (RIMS n), Third Edition. (1997) This handbook
describes the five types of RIMS o multipliers that are available for nearly
500 industries and for any county or for any group of counties. It details
the information that the users need in order to effectively use the RIMS n
multipliers to analyze the economic and industrial impact of public and
private projects and programs on State and local areas. The handbook
also includes case studies that illustrate the uses of the RIMS n multipliers
and a description of the methodology that the Bureau of Economic
Analysis uses to estimate the multipliers. (63 pages) $6,00, stock no. 003010-00264-6.
State Personal Income, 1929-93, (1995) Presents detailed annual estimates for States and regions of personal income for 1929-93, including
estimates of per capita personal income, personal income by major
source, and earnings by industry. Also presents annual estimates of disposable personal income and per capita disposable personal income for
1948-93 and quarterly estimates of personal income for 1969-93. Provides information about the sources and methods used to prepare the
estimates for 1987—93 and samples of all the detailed tables of personal
income and employment that are available for regions, States, counties,
and metropolitan areas, (444 pages) $27.00, stock no. 003-010-00257-3.
Foreign Direct Investment in the United States: 1992 Benchmark Survey, Final Results. (1995) Presents detailed data on the financial structure and operations of U.S. affiliates of foreign direct investors, on the
foreign direct investment position in the United States, and on the balance-of-payments transactions between U,S. affiliates and their foreign
parent companies in 1992, Includes data for items, such as employment
covered by collective bargaining agreements and merchandise trade by
product and country of destination and origin, that are only collected in
benchmark surveys. Benchmark surveys are conducted every 5 years
and are BEA'S most comprehensive surveys in terms of both the number
of companies covered and the amount of information gathered. The
data are classified by industry of affiliate and by country of ultimate
beneficial owner, and selected data are classified by State, Provides information about the coverage, the concepts and definitions, and the
classifications used in the survey. (312 pages) $20.00, stock no, 003-01000259-0.
Foreign Direct Investment in the United States: Operations of U.S.
Affiliates of Foreign Companies. (1997) Two publications: One presents
the revised estimates for 1994, and the other, the preliminary estimates
for 1995 from BEA'S annual surveys of the financial structure and operations of nonbank U.S. affiliates of foreign direct investors. The estimates are presented by industry of the U.S. affiliate and by country of
the ultimate beneficial owner (UBO) and for selected estimates, by industry of UBO and by State. Preliminary 1995 Estimates (108 pages)
$8.50, stock no. 003-010-00268-9; Revised 1994 Estimates (108 pages)
$8.50, stock no. 003—010-00267-1.
Foreign Direct Investment in the United States: Establishment Data
for 1992. (1997) This publication, which presents the results of a project
by BEA and the Bureau of the Census, provides the most recently available
data on the number, employment, payroll, and shipments or sales of
foreign-owned U.S. establishments in more than 800 industries at the
Standard Industrial Classification four-digit level and by State and by
country of owner. Presents additional information—such as data on
value added, employee benefits, hourly wage rates of production workers, and expenditures for plant and equipment—for manufacturing
establishments. (364 pages) $28.00, stock no. 003-010-00265-4.
Foreign Direct Investment in the United States: Establishment Data
for Manufacturing, 1991, (1994) A joint effort by BEA and the Bureau of
the Census. Presents the most recently available data for foreign-owned
U.S. manufacturing establishments (plants) by detailed industry (up to
459 industries), by State, and by country of investor. Includes data on
the number of plants, value added, shipments, employment, total employee compensation, employee benefits, the hourly wage rates of production workers, the cost of materials and energy used, inventories by
stage of fabrication, and expenditures for new plant and equipment
(220 pages) $14.00, stock no. 003-010-00250-6.
U.S. Direct Investment Abroad: 1994 Benchmark Survey, Preliminary
Results. (1997) Presents preliminary results from the latest benchmark
survey of the worldwide operations of U.S. multinational companies.
Contains detailed 1994 data on the operations of U.S. parent companies
and their foreign affiliates in 103 tables organized by country and by
industry. (140 pages) $14.00, stock no. 003-010-00263-8.
U.S. Direct Investment Abroad: Operations of U.S. Parent Companies
and Their Foreign Affiliates, Preliminary 1995 Estimates. (1997) Provides revised results for 1995 from BE A's annual survey of the worldwide
operations of U.S. multinational companies. Contains information on
the financial structure and operations of U.S. parent companies and
their foreign affiliates. Data are classified by country and industry of
affiliate and by industry of U.S. parent. (116 pages) $9.00, stock no. 003010-00270-1.
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Schedule of Upcoming BEA News Releases
Subject
Release
Date
U.S. International Trade in Goods and Services, December 1997
Gross Domestic Product, 4th quarter 1997 (preliminary)
* Feb. 19
Feb. 27
Personal Income and Outlays, January 1998
U.S. International Transactions, 4th quarter 1997
U.S. International Trade in Goods and Services, January 1998
Gross Domestic Product, 4th quarter 1997 (final) and Corporate Profits, 4th quarter 1997
Personal Income and Outlays, February 1998
Mar. 2
Mar. 12
* Mar. 19
Mar. 26
Mar. 27
U.S. International Trade in Goods and Services, February 1998
State Personal Income, 4th quarter 1997 and Per Capita Personal Income, 1997 (preliminary)
Gross Domestic Product, ist quarter 1998 (advance)
Apr. 17
Apr. 27
Apr. 30
Personal Income and Outlays, March 1998
Metropolitan Area Personal Income, 1996
U.S. International Trade in Goods and Services, March 1998
Gross Domestic Product, ist quarter 1998 (preliminary) and Corporate Profits, ist quarter 1998
(preliminary).
Personal Income and Outlays, April 1998.
May i
May 4
May 20
May 28
* Joint release by the Bureau of the Census and BEA.
For information, call (202) 606-9900, Bureau of Economic Analysis, U.S. Department of Commerce.
May 29
@FedFRASER