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FEBRUARY 1999 ^
VOLUME 79 NUMBER
2
SURVEY of CURRENT BUSINESS
U.S. DEPARTMENT OF COMMERCE < ^ ECONOMICS AND STATISTICS ADMINISTRATION
BUREAU OF ECONbMIC ANALYSIS
FEBRUARY 1999
VOLUME 7 9 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
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BUSINESS, Bureau of Economic Analysis,
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THIS ISSUE of the SURVEY went to the printer on February 10,1999.
Itincorporates datafromthe following monthly BEAnews releases:
US, International Trade in Goods and Services (January 21),
Gross Domestic Product (January 29), and
Personal Income and Outlays (February 1).
February 1999
SURVEY OF CURRENT BUSINESS
TABLE
OF
CONTENTS
{Jpecial in this issue
8 Note on the Personal Saving Rate
10 Upcoming Changes in the Classification of Current and Capital
Transactions in the U.S. International Accounts
12 U.S. Resource Flows to Developing Countries and Multilateral
Organizations, 1993-97
l\egular features
1 Business Situation
U.S. economic activity picked up in the fourth quarter of 1998: Real GDP
increased 5.6 percent after increasing3.7percent in the third quarter. Inflation
remained low: The price index for gross domestic purchases increased 0.9
percent after increasing 0.7 percent.
16 Personal Income by State and Region, Third Quarter 1998
Personal income in the Nation increased $78.9 billion, or 1.1 percent, in the
third quarter of 1998. By region, the largest increases were in the Southeast and
the Far West. By State, personal income grew rapidly in Nevada, Colorado,
Washington, and Arizona. Personal income declined in Montana and grew
slowly in Indiana, South Dakota, and Iowa.
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 —
it
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
Upcoming Comprehensive Revision of the NIPA'S. Beginning in late October 1999, BEA
plans to release the results of an upcoming comprehensive, or benchmark, revision
of the national income and product accounts (NIPA'S). The annual revision of the
NIPA'S that would normally take place this summer will instead be combined with the
upcoming comprehensive revision. For more information, see the box on page 7.
February 1999
February 1999
SURVEY OF CURRENT BUSINESS
BUSINESS
This article was
prepared by Daniel
Larkins, Larry R.
Moran, Ralph W.
Morris, and
Deborah Y. Sieff.
SITUATION
(current-dollar saving as a percentage of currentdollar disposable personal income) continued its
downtrend, decreasing to zero from 0.2 percent.
The acceleration in real GDP growth from 3.7
percent to 5.6 percent was more than accounted
for by a sharp turnaround in motor vehicle output that at least partly reflected a recovery from
a midsummer strike at a major manufacturer;
excluding motor vehicles, real GDP increased
3.5 percent after increasing 4.2 percent. Partly
reflecting the strength in motor vehicles, exports and producers' durable equipment (PDE)
turned up, and personal consumption expenditures (PCE) for durable goods accelerated. The
acceleration in GDP was moderated by a step-up
in imports, a slowdown in PCE for services, and
a downturn in inventory investment.
The largest contributors to the 5.6-percent
fourth-quarter increase in real GDP were exports,
Q CONOMIC GROWTH accelerated in the fourth
O quarter of 1998, according to the "advance"
estimates of the national income and product
accounts (NIPA'S): Real gross domestic product (GDP) increased 5.6 percent after increasing
3.7 percent in the third quarter (chart 1 and
table 1).1 Prices increased at about the same
rate as in the third quarter, as the price index
for gross domestic purchases increased 0.9 percent after increasing 0.7 percent. Real disposable
personal income increased 3.6 percent after increasing 3.2 percent, and the personal saving rate
1. Quarterly estimates in the NIPA'S are expressed at seasonally adjusted
annual rates. Quarter-to-quarter dollar changes are the differences between
the published estimates. Quarter-to-quarter percent changes are annualized
and are calculated from unrounded data unless otherwise specified.
Real estimates are calculated using a chain-type Fisher formula with annual weights for all years and quarters except those in the most recent year,
which are calculated using quarterly weights; real estimates are expressed both
as index numbers (1992=100) and as chained (1992) dollars. Price indexes
(1992=100) are also calculated using a chain-type Fisher formula.
Table 1.—Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Quarterly estimates seasonally adjusted at annual rates]
Billions of chained (1992) dollars
Percent change from preceding period
Change from preceding period
1998
1997
1997
1998
1998
Gross domestic product
275.0
280.1
100.1
33.9
67.9
103.5
3.9
3.9
5.5
1.8
3.7
5.6
Less: Exports of goods and services ..
Plus: Imports of goods and services ...
110.0
134.9
14.2
119.6
-6.9
42.6
-19.8
26.9
-6.8
7.0
42.4
46.3
12.8
13.9
1.5
10.8
-2.8
15.7
-7.7
9.3
-2.8
2.3
18.8
16.0
Equals: Gross domestic purchases .
295.4
370.1
142.8
73.7
80.2
105.2
4.2
5.0
7.8
3.9
4.2
5.5
Less: Change in business inventories .
Nonfarm
Farm
33.2
35.6
-2.8
-4.7
-7.7
3.4
24.9
23.2
1.6
-53.2
-56.0
3.4
17.5
17.1
.4
-6.8
-5.3
-1.3
262.2
374.6
120.1
124.2
63.4
111.0
3.7
5.1
6.6
6.7
3.3
5.9
161.1
42.5
35.4
84.8
87.4
82.8
13.5
71.1
237.7
67.3
56.8
117.9
130.9
102.4
75.1
19.1
19.7
37.5
39.2
28.5
-1.2
32.5
10.6
51.6
4.3
8.2
38.0
6.8
-1.7
.1
-2.0
7.4
56.0
36.4
12.3
12.0
44.7
37.8
2.8
37.5
7.7
3.4
6.8
2.4
3.2
8.3
10.7
7.1
12.1
2.5
4.8
10.1
3.8
4.3
11.5
11.9
-.1
16.7
10.4
6.1
6.1
11.2
5.3
5.4
13.4
4.1
2.4
2.1
5.4
2.2
-7
.2
-1.0
9.9
4.4
21.4
3.2
1.7
14.8
16.7
5.5
21.0
10.1
1.5
-1.4
4.3
3.1
4.1
7.9
1.2
21.8
2.1
2.8
6.0
Equals: Final sales to domestic purchasers
Personal consumption expenditures
,
Durable goods
Nondurable goods
Services
Gross private domestic fixed investment
Nonresidential fixed investment
Structures
Producers' durable equipment
Residential investment
Government consumption expenditures and
gross investment
Federal
National defense
Nondefense
State and local
Addendum: Final sales of domestic product
6.9
110.7
29.3
74.1
25.5
26.9
24.5
55.4
45.7
-2.6
52.4
10.6
16.8
-7.6
-10.2
2.4
24.4
12.5
-4.5
-8.5
3.7
17.2
-6.2
-10.4
-15.4
4.6
4.2
11.8
8.0
7.0
1.0
3.8
4.8
-1.6
3.2
-4.5
6.4
13.1
8.7
1.0
7.5
4.4
1.3
-1.6
-3.2
1.7
3.1
1.0
-1.0
-2.7
2.5
2.1
-1.9
-8.8
-18.5
13.1
2.1
3.7
7.3
9.9
2.6
1.8
77.7
83.9
51.2
109.3
3.5
4.0
4.3
4.6
242.1
-.2
284.6
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,
15.8
7.4
3.5
20.4
22.2
-4.9
34.3
15.6
12.8
-2.3
18.8
15.0
-11.5
which measure the extent of nonadditivity in each table, are in NIPA tables 1.2, 1.4, and 1.6.
Percent changes are calculated from unrounded data. Percent changes in major aggregates are
in NIPA table 8.1.
2
•
February 1999
SURVEY OF CURRENT BUSINESS
PCE for durable goods, and PDE (table 2).2 PCE
for durable goods increased 21.4 percent and contributed 1.68 percentage points to GDP growth;
purchases of motor vehicles and parts increased
sharply. Exports increased 18.8 percent and con2. The growth rate of GDP in the third and fourth quarters was not
affected by the privatization in late July of the United States Enrichment
Corporation (USEC) by the Federal Government, but the composition of GDP
was affected. In the third quarter, government spending was reduced and
private investment increased by $6.4 billion. As a result, the third-quarter
change in government spending was reduced, and the fourth-quarter change
was increased; the sale had the opposite effect on gross private domestic
investment.
tributed 1.94 percentage points; most categories
of goods contributed to the increase, as did
services, PDE increased 21.0 percent and contributed 1.57 percentage points; transportation
equipment and information processing equipment both increased sharply. Most other final
sales components also contributed to the increase. The increase was damped by an increase
in imports, mainly capital goods and autos,
and by a decrease in inventory investment, as
the pace of inventory accumulation slowed; in-
Fourth-Quarter 1998 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 invest-
ment 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, 1998:1V
[Billions of dollars, seasonally adjusted at annual rates]
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
Net exports: 2
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 put 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.
August
September
October
November
December1
169.4
172.2
172.3
174.7
174.6
175.3
52.4
41.9
44.1
67.2
60.2
55.1
188.9
23.8
190.0
23.2
191.8
24.8
193.6
25.4
197.1
25.3
203.2
25.1
20.4
41.7
39.2
12.2
43.4
-20.3
645.9
643.2
646.3
639.8
672.1
665.7
700.1
690.2
682.0
674.1
676.2
673.2
898.3
893.1
-252.4
-249.9
919.2
910.0
-272.9
-270.2
921.7
914.0
942.1
944.6
-249.6
-248.3
934.0
-242.0
-243.8
937.4
-262.6
-263.3
948.0
943.6
-271.8
-270.4
131.7
132.0
134.5
131.2
133.3
134.4
SURVEY OF CURRENT BUSINESS
February 1999
vestment in motor vehicle inventories swung
from liquidation to accumulation, but accumulation of non-motor-vehicle inventories dropped
substantially.
Selected Measures:
Change From Preceding Quarter
Percent
Table 2.—Contributions to Percent Change in Real Gross
Domestic Product
[Quarterly estimates seasonally adjusted at annual rates]
1998
1998
1997
10
5
n
..Ilii I 1.1
1 . 1
L ,1 .11. IIll III
REAL GROSS DOMESTIC PURCHASES
•
•
1996
1997
3.7
5.6
4.09
1.23
1.41
1.40
4.09
2.14
2.78
.20
.42
2.15
3.03
1.68
.64
.71
4.07
2.82
2.21
-.15
-.75
1.95
1.35
-.07
1.22
.33
1.08
.20
1.54
1.59
1.17
0
-.08
.01
1.86
2.17
1.73
.16
.10
.47
1.17
.43
-.06
2.36 1.42 -.09 1.57
.44
.60
.41
.60
-.31
1.22 -2.66
5.5
Percentage points:
Personal consumption expenditures
Durable goods
Nondurable goods
Services
2.31
.56
.49
1.26
3.30
.80
.76
1.74
1.65
1.18
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
•
1998
Note—Percent change at annual rats from preceding quarter;
based on seasonally adjusted estimates.
U.S. Department of Commerce, Bureau of Economic Analysis
.91
1.01
-.27 -1.17 -2.24 -2.08
.18 -.33 -.92
1.43
.19 -.29 -.98
1.21
.06
.22 -.01 -.04
-1.71 -1.35 -1.94 -1.18
-1.51 -1.23 -1.75 -1.19
.01
-.20 -.12 -.19
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
-5
1995
1.8
3.9
•
11II 111 1III!
IV
3.9
GROSS DOMESTIC PURCHASES PRICE INDEX
n
III
Percent change:
Gross domestic product
-.34
-.57
-.84
.26
.24
-.03
-.32 1.94
.04 1.66
.27
-.36
-.30 -1.96
-.32 -1.87
.01 -.09
.72
.47
.05
.42
.25
21
-.09
.17
-.26
.35
N O T E . - N I P A table 8.2 also shows contributions for 1997:111 and 1997:1V.
Table 3.—Motor Vehicle Output, Sales, and Inventories
[Seasonally adjusted at annual rates)
Billions of chained (1992) dollars
Percent change from preceding
quarter
Level
Change from preceding quarter
1998
1998
1998
Output
Autos
Trucks
IV
I
293.4
-6.2
-5.7
-.4
120.7
172.1
IV
80.7
-7.8
-9.7
1.8
-7.7
4.5
-12.1
40.4
9.3
30.9
-8.6
-17.5
-1.0
-11.2
-29.2
4.8
-11.2
17.8
-27.9
37.9
120.6
-54.0
-37.9
-70.3
80.3
159.3
-7.0
-9.2
-14.6
27.0
74.5
77.1
61.4
Less. Exports ....
Autos
Trucks
24.9
16.8
-.1
.1
-.2
-.9
-.8
-.1
-1.6
-2.9
3.4
3.5
-.2
-2.3
.6
-6.2
-12.2
-17.0
-5.2
Plus: Imports
Autos
Trucks
93.2
78.4
14.7
6.4
6.1
.3
-1.1
.8
-1.9
-1.9
-2.7
.7
12.1
10.4
1.7
37.5
44.7
7.5
-4.9
4.8
Equals: Gross domestic purchases
Autos
Trucks
361.6
.5
.4
.1
.6
-8.1
0
-5.2
3.3
-8.4
49.1
182.3
178.8
16.3
32.6
1.0
.1
-9.5
-17.7
.1
-6.4
8.4
-20.2
45.4
124.0
Less: Change in business inventories
Autos
Trucks
8.3
3.3
4.9
-7.7
-4.3
-3.4
-25.2
-12.2
-12.7
13.4
9.3
4.2
17.5
6.3
10.9
353.3
179.0
173.9
8.2
4.6
3.5
17.1
-18.6
-5.9
-12.8
31.7
10.2
21.5
10.8
11.5
10.0
22.9
3.8
13.3
9.2
39.7
-20.2
-12.7
-27.5
45.7
26.4
69.3
212.7
3.6
5.4
-.7
9.1
6.3
1.9
-5.8
-11.3
-2.0
19.5
9.5
2.7
19.1
-24.4
20.5
21.3
121.8
-11.2
-29.9
-56.8
47.2
35.3
191.1
Equals: Final sales to domestic purchasers
Autos
Trucks
Addenda:
Personal consumption expenditures
Producers' durable equipment
Gross government investment
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
130.4
11.2
7.9
motor vehicle output, auto and truck output, and residuals, which measure
nonadditivity in each table, are in NIPA tables 1.4, 8.5. and 8.7.
79.1
the extern of
SURVEY OF CURRENT BUSINESS
February
Motor vehicles.—The sharp increase in motor vehicle output in the fourth quarter partly reflected
a rebound from a strike at a motor vehicle manufacturer from June 5 to July 29. Truck output
accounted for most of the increase (table 3).
Final sales of motor vehicles to domestic purchasers increased 45.7 percent after decreasing
20.2 percent.
Both autos and trucks contributed to the upswing. Purchases by consumers, businesses, and governments all turned
up.
Consumer purchases turned up even though
the factors frequently considered in analyses of
consumer spending did not improve dramatically
from the third quarter. Real disposable personal
income increased 3.6 percent after increasing 3.2
percent. The Index of Consumer Sentiment
(prepared by the University of Michigan Survey
Research Center) decreased but remained high.
The unemployment rate decreased from 4.5 percent to 4.4 percent. Among factors specific to
motor vehicle purchases, the strike in the industry may have held down purchases in the third
quarter and boosted them in the fourth. Interest rates on new-car loans at commercial banks
changed little.
Imports and exports of motor vehicles also
turned up, largely reflecting autos.
Motor vehicle inventory investment increased
more than in the third quarter; the fourthquarter increase reflected a swing from liquidation to accumulation in both auto and
truck inventories. For new domestic autos, the
inventory-sales ratio (calculated from units data)
decreased to 2.0 at the end of the fourth quarter
from 2.1 at the end of the third; the traditional
industry target is 2.4.
Prices
The price index for gross domestic purchases,
which measures the prices paid for goods and
services purchased by U.S. residents, increased
0.9 percent in the fourth quarter after increasing 0.7 percent in the third (chart 2 and table 4).
Prices of gross domestic purchases less food and
energy increased 1.0 percent after increasing 0.7
percent.
Prices of PCE increased 1.2 percent after increasing 1.0 percent. Food prices increased less than
in the third quarter, as prices of poultry and of
fats and oils decelerated and as prices of beef and
veal turned down. Energy prices decreased less
than in the third quarter, reflecting smaller decreases in the prices of gasoline and oil, of fuel
oil and coal, and of electricity and gas. Prices of
PCE excluding food and energy increased about
the same in both quarters.
Prices of nonresidential fixed investment decreased 2.3 percent after decreasing 3.6 percent.
PDE prices decreased less than in the third quarter, reflecting smaller decreases in the prices of
Table 4.—Price Indexes
[Percent change at annual rates; quarterly estimates based on seasonally adjusted
index numbers (1992=100)]
1998
1997
1998
III
Gross domestic product
Less. Exports of goods and services ...
Plus: Imports of goods and services ...
Equals: Gross domestic purchases
IV
0.9
0.9
1.0
0.8
-2.0
-3.7
-2.1 -3.4
-5.3 -10.4
-1.8
-4.5
-2.8
-4.8
-.9
-.2
1.6
-.2
1.6
-.1
.7
.9
1.9
2.4
1.1
0
1.7
1.1
-8.0 -20.2
1.0
1.9
1.0
Less: Change in business inventories
Equate Final sales to domestic
purchasers
Gross Domestic Purchases Prices:
Change From Preceding Quarter
Personal consumption expenditures
Food
Energy
Personal consumption
expenditures less food and
energy
1995
1996
1997
U.S. Department of Commerce, Bureau of Economic Analysis
1998
2.8
-5.8
1.2
2.0
-3.1
1.8
1.2
1.1
1.3
1.1
1.2
-1.3
3.4
-3.0
-2.4
2.8
-4.3
-3.0
2.7
-5.0
-3.1
3.1
-5.2
-3.6
1.2
-5.3
-2.3
1.6
-3.6
Private residential investment
2.6
2.1
1.7
3.7
3.2
Government consumption
expenditures and gross
investment
Federal
National defense
Nondefense
State and local
2.2
2.0
1.8
2.4
2.2
1.5
.4
.4
1.4
1.3
1.4
1.0
1.5
Private nonresidential fixed
investment
Structures
Producers' durable equipment
Note-Percent change at annual rate tram precedng quarter;
based on seasonaBy adjusted index numbers (1992=100).
.9
1.3
-7.5
Addendum:
Gross domestic purchases less food
and energy
1.6
1.1
2.7
2.9
2.2
-.6
1.2
r
2.\
1.0
NOTE—Percent changes in major aggregates are in NIPA table 8.1. Index number levels are
in tables 7.1. 7.2, and 7.4.
SURVEY OF CURRENT BUSINESS
computers and peripheral equipment and larger
increases in the prices of "other" PDE and of
industrial equipment. Prices of nonresidential structures increased more than in the third
quarter, and prices of residential investment, less.
Prices of government consumption expenditures and gross investment increased 1.4 percent
after increasing 1.5 percent. Prices paid by State
and local governments slowed; prices paid by the
Federal Government picked up, reflecting stepups in both national defense and nondefense
prices.
The GDP price index, which measures the prices
paid for goods and services produced in the
United States, increased 0.8 percent after increasing l.o percent. This index, unlike the price index
for gross domestic purchases, includes the prices
of exports and excludes the prices of imports.
Export prices decreased 0.9 percent after decreasing 2.8 percent; prices of nonautomotive capital
February
goods and of industrial supplies and materials
decreased less than in the third quarter. Import prices decreased 0.2 percent after decreasing
4.8 percent; prices of petroleum products and of
nonautomotive capital goods decreased less than
in the third quarter.
Personal income
Real disposable personal income (DPI) increased
3.6 percent in the fourth quarter after increasing
3.2 percent in the third (chart 3). Current-dollar
DPI increased 4.8 percent after increasing 4.3 percent. The personal saving rate (saving as a
percentage of current-dollar DPI) decreased to
zero from 0.2 percent, as personal outlays increased more than DPI. The fourth-quarter rate
was the lowest since the quarterly series began in
the first quarter of 1946. (The saving rate is discussed in the "Note on the Personal Saving Rate"
beginning on page 8.)
Personal income increased $87.1 billion after increasing $78.9 billion (table 5). In each quarter,
Table 5.—Personal Income and Its Disposition
Selected Personal Income and
Saving Measures
[Billions of dollars; quarterly estimates seasonally adjusted at annual rates]
Change from preceding period
Level
Billions $
140
1997 1998
1998
IV
120
Wage and salary disbursements .
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government
100
80
60
40
20
Illllllllllllll
0
Percent
10
CHANGE IN REAL DPI
5
0
1998
1998
CHANGE IN PERSONAL INCOME
1
1
-5
Percent
10
4,149.2 4,240.0 258.7 259.4
3,459.6 3,539.9 235.5 233.9
1,026.9 1,037.3 66.0 51.9
751.5
938.5
1,494.3
689.5
753.9 44.9 32.0
957.1 56.5 58.7
1,545.5 112.9 123.5
700.1 23.3 25.3
IV
72.0 55.7
64.0 49.4
15.3 42
.4
9.1
14.4
34.3
8.1
13.3
31.9
6.3
59.5
52.6
4.8
.1
13.6
34.2
6.9
62.9
55.5
9.3
3.0
11.3
34.9
7.4
Other labor income
406.9
411.0
5.9
14.0
5.8!
2.9
Proprietors' income with IVA and CCAdj
Farm
Nonfarm
575.5
27.1
548.4
590.0
28.3
561.7
23.5
-3.4
27.0
24.3
-8.4
32.6
6.2
-4.0;
10.2
7.5
.3
7.2
4.4
-2.5
6.9
13.9
3.1
10.8
Rental income of persons with CCAdj .
Personal dividend income
Personal interest income
162.0
263.1
764.9
165.0
265.7
770.2
8.0
12.1
27.9
3.8
2.8
17.6
-.5
.3
4.0
2.7
.5
6.0
2.6'
.9
6.2
1.4
2.7
1,149.5
1,160.2
42.4
39.1
18.5
6.8
7.1
347.4
354.2
19.9
21.2
7.3
4.2
4.4
Personal income
7,123.6 7,247.9 358.8 339.6
99.0
78.0
78.9
Less. Personal tax and nontax payments
1,098.1 1,124.3
98.5 109.1
41.3
26.1
15.5
Equals: Disposable personal income
6,025.5 6,123.6 260.4 230.4
57.7
51.8
63.5
Less: Personal outlays
5,998.1
6,125.4 297.9 324.0
82.8
99.3
76.5
Transfer payments to persons
I I 11I • 1 11 1 111
I
Less: Personal contributions for social insurance
PERSONAL SAVING RATE
Equals: Personal saving
27.4
2.6
-1.8 -37.5 -93.6 -25.2 -47.4 -13.0
1.0
7.3
4.7
87.1
15.9
71.2
85.6
-14.4
Addenda: Special factors in personal income:
Illlllllllll.
1995
1996
1997
_
0
1998
Note-Changes arefromprece*ig quarter; based on seasonally adjusted annual
rates.
U.S. Department of Commerce, Bureau of Economic Analysis
In wages and salaries:
Strike in motor vehicle industry
0
0
In farm proprietors' income;
Subsidies
3.7
0
3.7
1.2
-1.1
1.2
10.2
9.8
.4
In transfer payments to persons:
Social security retroactive payments
Cost-of-living adjustments in Federal transfer
programs
NOTE.—Most dollar levels are in NIPA table 2.1
!VA Inventory valuation adjustment
CCAdj Capital consumption adjustment
-1.2
-1.3
2.5
6 • February 1999
SURVEY OF CURRENT BUSINESS
about three-fourths of the increase was accounted
for by wage and salary disbursements, which increased $62.9 billion after increasing $59.5 billion.
Private wages and salaries increased $55.5 billion
after increasing $52.6 billion; service industries
accounted for about two-thirds of the increase
in each quarter. Government wages and salaries
increased $7.4 billion after increasing $6.9 billion.
Proprietors' income increased $13.9 billion after
increasing $4.4 billion. Farm proprietors' income
increased after decreasing. Most^bf the upturn
was accounted for by an acceleration in subsidy
payments; the acceleration largely reflected payments that were authorized by the Federal 1998
Omnibus Budget Resolution to farmers who were
already participating in the Federal farm program. The remainder of the upturn in farm
proprietors' income was accounted for by upturns in the prices of both crops and livestock.
Nonfarm proprietors' income increased more
than in the third quarter; most of the acceleration
reflected an upturn in retail trade.
Personal interest income increased $1.0 billion after increasing $6.2 billion. The slowdown
reflected a decline in interest rates.
Most other components of personal income
increased about as much as in the third quarter.
Personal tax and nontax payments increased
$15.9 billion, about the same as in the third
quarter.
The Year 1998
In 1998, the U.S. economy experienced strong
growth in production and income and very
little inflation. Real GDP increased 3.9 percent, the same as in 1997 and higher than any
other year since 1984. Real DPI increased 3.1
percent—the biggest increase since 1988—after
increasing 2.8 percent. The price index for gross
domestic purchases increased 0.6 percent—the
smallest increase since 1949—after increasing 1.6
percent.
The growth in real GDP in 1998 was more
than accounted for by PCE and by nonresidential fixed investment.
PCE increased 4.8
percent and contributed 3.30 percentage points
to real GDP growth; about half of the PCE increase was in services. Nonresidential fixed
investment increased 11.9 percent and contributed 1.17 percentage points to real GDP
growth; PDE more than accounted for the increase. In contrast, a 10.8-percent increase in
imports contributed a negative 1.35 percentage
points.
The growth in real DPI reflected a sizable increase in current-dollar DPI and a small increase
in consumer prices. The increase in currentdollar DPI was more than accounted for by wage
and salary disbursements, which increased $259.4
billion. The personal saving rate decreased to 0.5
percent from 2.1 percent.
The small increase in the price index for gross
domestic purchases reflected a decrease in PDE
prices and a small increase in PCE prices. The
decrease in PDE prices was largely accounted for
by a drop in the prices of computers and peripheral equipment; the increase in PCE prices was
constrained by decreases in durable goods prices
and in energy prices. £ |
SURVEY OF CURRENT BUSINESS
February 1999
Upcoming Comprehensive Revision of the National Income and Product Accounts
Beginning on October 28, 1999, the Bureau of Economic Analysis (BEA) plans to release the results of its 11th comprehensive, or
benchmark, revision of the national income and product accounts
(NIPA'S). The annual revision of the NIPA'S that would normally
take place this summer will instead be combined with the upcoming
comprehensive revision.
Comprehensive revisions, which are usually prepared at least once
every 5 years, incorporate three major types of improvements: (1)
Definitional and classifkational changes that update the accounts to
more accurately portray the evolving U.S. economy, (2) statistical
changes that update the accounts to reflect the introduction of new
and improved methodologies and the incorporation of newly available and revised source data, and (3) presentational changes that
update the NIPA tables to reflect the aforementioned changes and to
make the tables more informative.
Comprehensive revisions, and to a lesser extent annual revisions,
provide the opportunity to introduce the major changes that are
outlined in BEA'S strategic plan for maintaining and improving its
economic accounts, BEA periodically updates its strategic plan,
1. In the spring of 2000, the regional estimates of personal income will be revised
to reflect the results of the NIPA revision; for more information, see the box "Upcoming
Comprehensive Revision of State and Local Area Personal Income" on page 16.
which is available on our Web site at <www.bea.doc.gov>; click on
"BEA'S mission."
For the upcoming comprehensive revision, BEA is considering
several major improvements—including the capitalization of investments in computer software, the treatment of government retirement
plans symmetrically with private plans, and the integration of BEA'S
wealth estimates with the NIPA estimates. However, constraints on
time, resources, and source data will play a role in deciding which
improvements will be implemented.
During the year, BEA will provide additional information on
the comprehensive revision in articles in the SURVEY OF CURRENT
BUSINESS that preview the proposed changes and will solicit input
through discussions at group meetings of experts.
If you have comments or suggestions on BEA'S strategic plan or
on the upcoming comprehensive revision, please contact
Steve Landefeld, Director
202-606-9600, steve.landefeld@bea.doc.gov
Bob Parker, Chief Statistician
202-606-9607, robert.parker@bea.doc.gov
Brent Moulton, Associate Director
for National Income, Expenditure, and Wealth Accounts
202-606-9606, brent.moulton@bea.doc.gov
SURVEY OF CURRENT BUSINESS
February 10.99
Note on the Personal Saving Rate
saving rate—personal saving as a
percentage of disposable personal income—decreased
to 0.5 percent in 1998 (and reached zero in the fourth
quarter of 1998). These decreases, which continue
a two-decade long downtrend, are not surprising in
light of the large gains in household wealth, the steady
growth in income, and the high levels of consumer
sentiment (chart 1).1
Another measure of the personal saving rate, the
Federal Reserve Board (FRB) measure of household
saving as a percentage of NIPA disposable personal
income, is also shown in chart 1. This rate is conceptually equivalent to the NIPA rate, but because it is based
on different source data, the estimated values of the
two rates usually differ.2 Nevertheless, whether saving
is calculated in terms of flows (as in the NIPA'S) or in
terms of net change in assets (as in the FRB measure),
it shows a clear downtrend. Moreover, in 1997 (the
latest year for which the FRB measure is available), the
FRB'S rate was 1.5 percent, close to the NIPA rate of 2.1
percent, and the lowest rate since the beginning of the
series in 1946.
Although the personal saving rate is low, total saving in the U.S. economy is not. The national saving
rate—gross saving as a percentage of gross national
product—was 17.3 percent in the third quarter of 1998,
a little higher than the average rate for the past two
decades and up from 13.8 percent in the fourth quarter of 1992.3 In recent years, as personal saving has
fallen, saving by business (mainly in the form of retained earnings and consumption of fixed capital)
and by government (in the form of the NIPA surplus
THE NIPA PERSONAL
1. The personal saving rate was discussed in connection with the redefinition of dividend income in last year's annual revision in the box
"Recent Trends in the NIPA Personal Saving Rate," in Eugene P. Seskin,
"Annual Revision of the National Income and Product Accounts: Annual Estimates, 1995-97and Quarterly Estimates, 1995:1-1998:1," SURVEY OF CURRENT
BUSINESS 78 (August 1998): 30.
2. The NIPA measure is the difference between income and outlays; the
FRB measure is the net increase in financial and tangible assets less the net
increase in liabilities. The two measures are conceptually equivalent because
every dollar of income not used for consumer outlays must be used to Increase holdings of some financial or tangible asset or to reduce financial
liabilities. In the FRB'S flow of funds accounts, the featured measure of personal saving defines both residential structures and consumer durables as
tangible assets and includes the credits and insurance and pension funds for
government employees. The alternative measure shown in chart 1 is definitionally consistent with the NIPA measure; it excludes consumer durables and
government-employee insurance and pensions, which are included in NIPA
government saving. For additional information on the FRB measures, see
Guide to the Flow of Funds Account! (Washington, DC: Board of Governors
of the Federal Reserve System, 1993).
3. Estimates of national saving and gross national product for the fourth
quarter of 1998 (and for the year 1998) are scheduled to be released on March
31,1999-
NOTE.—This note was prepared by Daniel Larkins.
and consumption of fixed capital) have risen. Personal, business, and government saving are published
in NIPA table 5.1 and are shown as a percentage of
gross national product (GNP) in chart 2.4
Gross saving combined with net foreign investment,
which reflects the acquisition of U.S. assets by foreign residents, has been adequate to finance high levels
of investment in recent years. From 1991 to 1997,
real gross private domestic investment (shown in NIPA
4. A version of this chart is published monthly in the SURVEY (see page
D-45 in this issue).
CHART 1
Perspectives on Personal Saving
1966=100
220
FACTORS AFFECTING PERSONAL SAVING
200
180
Household wealth'
160
140
HZ
120
100
Pef capita personal income
80
Consumer sentiment'
60
40
14
PERSONAL SAVING RATE
12
FRB measure'
10
\
BEA measure'
\
1980
82
84
86
90
92
94
96
98
Note.- m the top panel, at series converted to indexes, 198fe=100, by BEA.
1.Netwrfto(hDU««hoWsandnon?m«oitianto8ona Data: Federal Reserve Board.
2. Data: Unhecsity ol McMgarfs Surwy Research Center.
3. Personal Sating (NB* concept, "Row of Funds' data). Data: Federal Reserve Beard.
U.S. Department of Commerce, Bureau ol Economic Analysis
SURVEY OF CURRENT BUSINESS
table 5.3) increased at an annual average rate of 8.5 percent; net of consumption of fixed capital, the growth
was even stronger, at 20.2 percent.
The NIPA'S focus on the production of goods and
services in the U.S. economy and on the income arising from that production. Changes in the value of
existing assets play a role in that production, but these
changes fall outside the scope of the NIPA'S. Thus,
gross domestic product, the featured NIPA measure of
production, does not include income from the sales
of existing assets—such as stocks or houses—or the
capital gains and losses on those assets. Likewise, NIPA
measures of income and saving do not include income
from the sale of existing assets or changes in wealth
that are associated with the revaluation of existing
assets.
The NIPA'S provide a consistent set of double-entry
accounts in which output, income, and expenditures
CHART 2
Saving as Percentage erf Gross National
Product
25
20
/ \ - * - Gross saving
15
10
Corporate and other private saving y^
X/yMh-Personalsaving
Gross government saving
I I II I i I
1980
82
84
86
88
90
92
U.aOBpartmerto(Conm6ree,Bi»8auo<Eoonon*;Anaiy»is
94
96
96
February 1999
are equal and in which saving and investment are
equal for the economy as a whole in each accounting period. These identities are central components
of an analytical framework that facilitates the analysis of economic fluctuations and growth. For analyses
of economic subjects that are affected by other influences, such as household spending being influenced
by capital gains, additional information is useful.
Nonetheless, the low NIPA personal saving rate is of
analytical value in itself in that a low saving rate suggests a rate of spending that might not be sustained
in the longer run.
The NIPA definitions of income and saving are not
the only reasonable definitions, and they are not necessarily the best concepts to use in all circumstances.
For instance, the NIPA measures of personal income
and saving may be supplemented with information
on various types of household wealth in order to obtain a broader measure of household ability to spend.
These broader measures can provide useful additional
information about the economy in general and about
consumer spending in particular.
In fact, the NIPA'S themselves provide information
that can be used to construct alternative or supplementary measures of saving. For example, a measure
of personal saving that treats purchases of consumer
durables as a form of household saving can be compiled from data on stocks of these assets that are
included in BEA'S tangible wealth estimates. In addition, the NIPA treatment of private and government
pensions has important implications for the income
and saving estimates and for the interpretation of these
estimates. As previously noted, the FRB measure of
saving treats both private and government-employee
pension plans symmetrically.5 BEA will be investigating a number of supplementary saving measures in
the coming months. H
5. Data on employer contributions to private and government pension
plans can be found in NIPA table 8.15. Benefit payments by these plans can
be found in NIPA tables 6.11c (private) and 3.12 (government). Investment
income of private plans, excluding capital gains and losses, is included in the
line for imputed interest paid by life insurance carriers and private noninsured
pension plans in NIPA table 8.18.
SURVEY OF CURRENT BUSINESS
10
February 1999
Upcoming Changes in the Classification of Current and Capital Transactions
in the U.S. International Accounts
BEGINNING WITH THE release of the U.S. international transactions accounts in June, the treatment of
current-account and capital-account transactions in
the U.S. accounts will be modified to bring them into
closer alignment with international guidelines. The
Bureau of Economic Analysis (BEA) is among those
agencies in the United States and in other countries
that have been both a strong supporter of, and a major
contributor to, the development of the international
guidelines recommended in the fifth edition of the
International Monetary Fund's Balance of Payments
Manual1 Many important changes in the international guidelines are patterned after the innovations
and changes undertaken by BEA in the U.S. international transactions and direct investment accounts in
recent years, BEA has already adopted many of the
most important changes included in the Manual, and
with this reclassification of certain current-account
transactions, it is moving forward to eliminate one of
the few remaining differences between the guidelines
and the U.S. international accounts.
In the June revision of the U.S. international
accounts, U.S. international transactions will be classified into three groups—the current account, the
capital account, and the financial account; the transactions are presently classified into the current account
and the capital account. The current account will
be redefined by removing a small part of the present
measure of unilateral transfers and including it in the
new capital account.2 The present capital account
transactions will become the new financial account.
Both the new and the present versions of the U.S.
international transactions accounts are presented in
table 1.
The newly defined capital account consists of capital
transfers and the acquisition and disposal of nonproduced nonfinancial assets. The major types of capital
transfers are debt forgiveness and migrants' transfers
(goods and financial assets accompanying migrants as
they leave or enter the country). "Other" capital transfers includes the transfer of title to fixed assets and
the transfer of funds linked to the sale or acquisition
of fixed assets, gift and inheritance taxes, death duties,
uninsured damage to fixed assets, and legacies. The
acquisition and disposal of nonproduced nonfinancial
assets includes the sales and purchases of nonproduced
assets, such as the rights to natural resources, and
the sales and purchases of intangible assets, such as
patents, copyrights, trademarks, franchises, and leases.
Though conceptually important, capital-account
transactions are believed to be generally small in the
U.S. accounts, and extensive source data have not been
developed. However, they are important to other
countries and may occasionally be significant for the
U.S. accounts, especially in the case of debt forgiveness and the transfer of major U.S. Government assets.
The new capital account will include estimates of U.S.
Government debt forgiveness (which will be shown
as an outflow) and a limited measure of immigrants'
transfers (shown as an inflow).3 Each of these types
of transactions accounts for less than 0.1 percent of
net capital outflows or inflows.4 Estimates of "other"
types of capital transfers have not been developed,
because of the lack of source data. Capital transactions in nonproduced nonfinancial assets are believed
to be small, but only partial information is available.5
No details of the new capital account will be shown
because the estimates are small and incomplete.
Some capital transactions will remain in the current
account because they cannot be disentangled from
other current-account transactions or because they
are conceptually difficult to classify as either current
or capital transactions. However, large transactions
will be judged on a case-by-case basis and classified
as capital transactions if they clearly fit the definition of capital transactions, such as U.S. Government
transfers of air bases abroad.
The estimates of net current transfers and net capital transactions for the fourth quarter of 1998 will
be posted on the BEA Web site <www.bea.doc.gov>
by the end of March 1999, and estimates for the first
quarter of 1999 will be posted by the end of June 1999.
Table 1 follows. Q
1. See John B. McLenaghan, "Standards for the Dissemination of Economic and Financial Statistics," in the October 1996 SURVEY OF CURRENT
BUSINESS; Mr. McLenaghan was formerly the Director, Statistics Department,
of the International Monetary Fund. See also "How U.S. Economic Statistics
Comply With the New IMF Standards" in the October 1996 SURVEY.
2. Generally, capital transfers result in a change in the stock of assets of
an economy, while current transfers affect the level of disposable income and
influence the consumption of goods and services.
3. Both items were previously included in the current account.
4. BEA will be attempting to improve the coverage of migrants' transfers,
but the source data are difficult to develop. However, even if the estimates
were to be revised by several multiples of their present levels, they would
remain a small item in the U.S. international accounts.
5. Data on purchases and sales of rights to natural resources are being
collected by BEA and will be classified in the capital account when significant
transactions are reported.
SURVEY OF CURRENT BUSINESS
February 1999
Table 1.—U.S. International Transactions
[Millions of dollars, quarters seasonally adjusted]
1998
1995
Line
1997
NEW VERSION
Current account
1,179,380
299,061
292,483
287,751
-1,080,107 -1,158,309 -1,294,904
-336,316
-339,731
-338,966
999,491
Exports of goods, services, and income
Imports of goods, services, and income
1
Current unilateral transfers, net
Balance on current account (lines 1, 2, and 3)
.
1,063,971
-34,737
-41,099
-39,851
-9,564
-9,530
-10,153
-115,353
-135,437
-155,375
-46,819
-56,778
-61,368
99
522
160
84
-109,787
-48,052
Capital and financial account
Capital account
Capital account, net
Financial account
-327,453
-368,801
-478,502
-45,648
Foreign assets in the United States, net (increase/capital inflows (+))
465,449
563,357
733,441
95,529
Net capital and financial account flows (lines 5, 6, and 7)
138,095
195,078
255,099
49,965
55,160
64,879
-22,742
-59,641
-99,724
-3,146
1,618
-3,511
999,491
1,063,971
1,179,380
299,061
292,483
287,751
-1,080,107 -1,158,309 -1,294,904
U.S. assets abroad, net (increase/capital outflows (-))
112,862
Allocations of special drawing rights
Statistical discrepancy (sum of lines 4, 8, and 9 with sign reversed) ..
PRESENT VERSION
Exports of goods, services, and income
Imports of goods, services, and income
-336,316
-339,731
-338,966
-34,638
-40,577
-39,691
-9,480
-9,442
-10,084
Balance on current account (lines 1, 2, and 3)
-115,254
-134,915
-155,215
-46,735
-56,690
-61,299
U.S. assets abroad, net (increase/capital outflows (-))
-327,453
-368,801
-478,502
-45,648
-109,787
-48,052
Foreign assets in the United States, net (increase/capital inflows (+))
465,449
563,357
733,441
95,529
164,859
112,862
Net capital flows (lines 5 and 6)
137,996
194,556
254,939
49,881
55,072
64,810
-22,742
-59,641
-99,724
-3,146
1,618
-3,511
Unilateral transfers, net
Allocations of special drawing rights
Statistical discrepancy (sum of lines 4, 7, and 8 with sign reversed) ..
•
11
SURVEY OF CURRENT BUSINESS
12
February 1999
U.S. Resource Flows to Developing Countries
and Multilateral Organizations, 1993-97
THE BUREAU OF Economic Analysis (BEA) prepares
annual estimates of U.S. resource flows to developing countries and multilateral organizations as part of
the annual U.S. statistical submission to the Development Assistance Committee (DAC) of the Organisation
for Economic Co-operation and Development (OECD).
These resource flows consist of grants, loans, arid
contributions from the U.S. Government and of direct investments, securities, bank credits, and transfers
from the U.S. private sector. As shown in table 1,
U.S. resource flows are separately estimated, on a net
disbursements basis, for two DAC groups of aid recipients: "Part I—Developing Countries" and "Part
II—Developing Countries in Transition."1 Resource
flows to multilateral organizations oriented fully or
t partly to development in these countries are also
included.
U.S. resource flows to Part I countries decreased
from $58.2 billion in 1993 to $47.0 billion in 1995 before
surging to $75.0 billion in 1997. Overall U.S. resource
flows to Part I countries approached 1 percent of U.S.
gross national product (GNP) (System of National Accounts basis) in 1997. Flows from the private sector
accounted for 81-90 percent of annual Part I totals.
Direct investment abroad increased from $20.6 billion
in 1993 to $30.0 billion in 1997; net flows of securities
and bank credits decreased from $23.8 billion in 1993
to $13.4 billion in 1995 before surging to $36.4 billion
in 1997.
In contrast, official flows decreased significantly in
1993-97. For official development assistance (ODA),
bilateral country grants and capital subscriptions to
multilateral organizations both decreased, and the
amortization of loans by developing countries exceeded-the extension of new credits in each year of
1993-97- For other official flows, net totals were small,
1. Known as the "List of Developing Countries and Territories" for many
years, the DAC List of Aid Recipients was split into two parts in 1993 in
recognition of the new aid requirements for transition economies of Eastern
Europe and of the rapid progress of some developing countries with reduced
aid needs. Part I countries are the "traditional" developing countries to which
aid can be counted as official development assistance. Part II countries are
the "more advanced" developing countries of Central and Eastern Europe
(Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland,
Romania, and the Slovak Republic) and of the Newly Independent States
of the former Soviet Union (Belarus, Russia, and Ukraine). In 1996, the
Bahamas, Brunei, Kuwait, Qatar, Singapore, and the United Arab Emirates
were reclassified from Part I to Part Us more advanced developing status. In
1997, Bermuda, Cayman Islands, Cyprus, Falkland Islands, Hong Kong, Israel,
and Taiwan were reclassified from Part I to Part II status, and Moldova shifted
from Part 11 to Part I status. For the history, structure, and functions of the
OECD and the DAC, as well as an enumeration of member countries and the
classification of aid recipients, go to the OECD Web site at <www.oecd.org>.
NOTE.—This
McCormick.
report
was prepared
by William
but the conversion of defaulted credits of foreign
borrowers under U.S. Government loan guarantee
programs into long-term credits under rescheduling
agreements was substantial in 1993-97. (For a description of how the flow estimates are organized, see
the section on "Classification of Flows") Two special
developments affected official flows in 1995-97: The
1995-96 flows were disrupted by the shutdown of U.S.
Government operations related to the budget stalemate late in 1995, which deferred significant resources
to early 1996, and the level of total assistance to Part
I countries fell as Israel and 12 other countries were
reclassified to Part II status in 1996-97.
U.S. resource flows to Part II countries increased
sharply from $3.9 billion in 1993 to $18.3 billion in 1997,
largely reflecting the reclassification of 13 countries
from Part I to Part II status in 1996-97.
Historical Perspective
As shown in table 2, the composition and distribution
of U.S. resource flows to Part I countries have changed
markedly. Official flows were over 70 percent of total
flows in the 1960^, but private flows have been the
dominant source of resources in the 1990's, exceeding
90 percent of total flows in 1997. Although its composition changed dramatically, total U.S. resource flows
were stable at 0.7 percent of GNP in the 1960's and
i97o's, fell to 0.5 percent in the 1980^, and returned
to 0.7 percent in the 1990^.
Within official flows, bilateral ODA grants were the
primary form of assistance (peaking at $12.1 billion in
1991), and net ODA flows to multilateral organizations
grew through the 1980^ but leveled off in the 1990*8.
Net ODA loans grew in the 1960^ and 1970's, slowed
in the 1980^, and became negative in the 1990^ as the
amortization of credits exceeded new lending. After a
surge in the 1970^, net other official flows decreased
over 40 percent in the 1980^ and remained at that level
in the i99o's. As the debt burden of developing countries increased in the late 1980^ and early 1990^, the
United States joined other creditor nations to forgive
and reschedule significant amounts of official credits.
Within private flows, direct investment abroad totaled $9.8 billion in the 1960's and rocketed to $150.8
billion in 1990-97. Similarly, net securities and bank
credits were a cumulative $5.3 billion in the 1960^
and soared to a cumulative $98.3 billion in 1990-97;
the growth slowed in the 1980^, when inflows to the
United States from Part I countries exceeded outflows for several years, but surged in the 1990^ and
reached a record $36.4 billion in 1997. Net grants by
SURVEY OF CURRENT BUSINESS
Table 1.—U.S. Resource Flows to Developing Countries and Multilateral
Organizations, 1993-97
[Millions of dollars]
(ouflows +; inflows -)
Flows to Part I-Developing countriesl
Official development assistance (ODA),
net
Bilateral grants, net
.„..
Program aid
Technical cooperation
Food aid
Emergency and distress relief
Debt forgiveness (principal and
interest)
Other2
Bilateral loans, net
Food aid loans, amounts extended ...
Other loans, amounts extended
ODA rescheduling, amounts
extended3
Amounts received and offsetting
entries 4
1996
1997
55,730
74,991
7,367
9,377
6,878
6,387
1,422
7,672
3,244
2,787
420
585
5,633
1,030
2,741
.718
340
636
175
629
-773
109
10
-755
152
-£94
153
-1,243
-892
-916
2,806
749
302
2,643
852
283
1,753
718
258
2,460
732
178
1,939
739
253
227
1,541
208
1,312
196
594
266
1,300
264
700
-13
-12
-13
-16
-17
140
867
1,473
1,118
287
1993
1994
58,235
59,738
10,123
9,927
8,496
2,101
3,310
1,095
8,301
2,311
2,796
1,187
1,132
2,614
667
654
226
649
128
-1,179
-1,017
146
27
293
1995
771
789
22
9
53
nongovernmental organizations grew steadily from the
1960^ through the i98o's but slowed in the 1990'$.
The destination of U.S. resource flows was influenced by major foreign policy initiatives and worldwide economic developments, ODAflowswent primarily to Asia in the 1960^ and I97o's as part of the
U.S. support of that area. During the 1980^ and into
the 1990^, implementation of the Sinai Accords made
Israel and Egypt the top recipients of ODA resources.
ODA flows to the Americas relative to overall ODA flows
decreased in the 1970's, but they rebounded in the
i98o's and 1990^ with new U.S. initiatives to developing countries of the Western Hemisphere. For private
flows, the Americas were the largest recipients; however, the share to Asia increased strongly over the past
30 years.
271
694
-1,125
-2,188
Multilateral grants, capital subscriptions,
and lending, net
Grants to UN agencies
Food aid through UN
Grants to other international
organizations
Capital subscriptions (issuances)
Concessional lending to multilateral
agencies, net
7
February 1999
Table 2.—U.S. Resource Flows to Part I Developing Countries and
Multilateral Organizations, Select Aggregates and Distributions, 1960-97
1960-69 1970-79 1980-89 1990-97
Millions of dollars
361,021
Total resource flows, net
Other official flows (OOF), net
Export-related transactions, amounts
extended
Investment-related and other
transactions, amounts extended
OOF rescheduling, amounts extended5
Amounts received and offsetting
entries4
Private flows at market terms, net
Direct investment abroad, net
Securities and bank credits, net
Private export credits under guarantee
programs, net
Multilateral securities, net
Grants by nongovernmental
organizations, net
Flows to Part Il-Developing countries in
transition'
Official aid, net 6
Other official flows, net
Private flows at market terms, net
Grants by nongovernmental organizations,
net
450
715
612
922
1,265
518
1,760
553
1,261
595
2,156
636
1,590
672
975
-2,588
-1,662
-1,890
-2,030
-2,625
45,405
46,330
35,642
42,726
65,308
20,562
23,817
21,407
19,838
23,228
13,404
23,308
19,472
29,962
36,417
-621
1,647
4,479
606
-780
-210
943
-997
2,697
-3,768
2,567
2,614
2,502
2,509
2,518
3,851
2,949
3,289
4,904
18,308
1,647
1,071
825
2,422
87
146
1,280
-8
1,720
1,694
-24
2,939
2,516
5
14,740
308
294
297
295
1,047
Addenda:
U.S. GNP at current prices7
6,372,300 6,744,400 7,070,400 7,446,500 7,853,100
ODA as a percentage of GNP (percent)....
.16
.09
.15
.10
.13
Total flows to Part I countries as a
percentage of GNP (percent)
.95
.66
.75
.91
1. Flows are net disbursements to Part I and Part II developing countries (includes development-oriented multilateral organizations) on the list of aid recipients as designated by the Development Assistance Committee of the
Organisation for Economic Co-operation and Development.
2. Includes primarily administrative costs of agencies dedicated to foreign assistance.
3. Includes new loans to retire outstanding credits and capitalize interest.
4. Includes credit repayments, retirement of existing loans with proceeds from rescheduling, and offsetting entries
related to debt forgiveness (principal only).
5. Includes new loans to retire outstanding credits, capitalize interest, and convert defaulted credits of foreign
borrowers under U.S. Government loan guarantee programs into long-term credits.
6. Official flows to Part II countries that have the same concessional and qualitative features as ODA are designated official aid. Only flows to Part I countries are eligible to be recorded as ODA.
7. GNP entries are standardized System of National Accounts data.
NOTE—In 1996, the Bahamas, Brunei, Kuwait, Qatar, Singapore, and the United Arab Emirates were reclassified
from Part I to Part II status. In 1997, Bermuda, Cayman Islands, Cyprus, Falkland Islands, Hong Kong, Israel,
and Taiwan were reclassified from Part I to Part II status, and Moldova shifted from Part II to Part I status.
Source: U.S. Department of Commerce, Bureau of Economic Analysis, from information made available by operating agencies.
GNP Gross national product
78,038
65,758
-8,065
20,345
3,964
258,320
150,783
98,259
20,698
Official development assistance, net
Bilateral grants, net
Bilateral loans, net
Multilateral grants, subscriptions, and lending, net
Other official flows, net
Private flows at market terms, net
Direct investment abroad, net
Securities and bank credits, net
Grants by nongovernmental organizations, net
Percent
Distribution:
Official development assistance, net
Bilateral grants, net
Bilateral loans, net
Multilateral grants, subscriptions, and lending, net..
Other official flows, net
Private flows at market terms, net
Direct investment abroad, net
Securities and bank credits, net
Grants by nongovernmental organizations, net
43
17
8
3
29
19
10
n.a.
Percent of GNP at current prices: >
Total resource flows, net
Official flows, net 2
Private flows, net 3
.7
.2
.5
Geographic distribution:
Official development assistance, net bilateral:
Europe
Africa
America
Asia
Oceania
Unspecified 4
Private flows at market terms, net bilateral:
Europe
Africa
America
Asia
Oceania
Unspecified
22
18
-2
6
1
72
42
27
6
1
36
16
28
2
15
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1
3
58
39
O
* Less than 0.5 percent,
n.a. Not available.
1. Percentages based on cumulative totals for both GNP and select aggregates.
2. Includes both official development assistance and other official flows.
3. Includes both private flows at market terms and grants by nongovernmental organizations.
4. Includes multi-regional disbursements and administrative costs of agencies dedicated to foreign assistance.
NOTE.—Flows are on a net disbursements basis. Part I countries are the "traditional" developing countries on
the Development Assistance Committee List of Aid Recipients to which aid can be counted as official development
assistance.
Source: U.S. Department of Commerce, Bureau of Economic Analysis, from information made available by operating agencies.
GNP Gross national product
14 • February 1999
SURVEY OF CURRENT BUSINESS
Background
The OECD, which consists of 29 countries with advanced market economies, aims to promote policies
among members to achieve the highest sustainable
economic growth and employment, to contribute to
economic and social welfare, to coordinate efforts in
favor of developing countries, and to expand multilateral, nondiscriminatory trade. Within the OECD,
the DAC is the specialized committee that addresses
economic and social issues of developing countries by
providing a forum for member countries to coordinate assistance policies and monitor resource flows in
order to enhance efforts for sustainable development.
As part of this mission, the DAC collects and publishes statistics on resource flows from members to
developing countries.2
Through an agreement with the U.S. Agency for
International Development (the U.S. representative
to the DAC), BEA has compiled data on U.S. resource flows to developing countries and multilateral
organizations for the DAC since the i96o's. BEA'S
compilations follow DAC reporting conventions at aggregate and bilateral levels. Tables 1 and 2 of this
report are adaptations of the main data elements
submitted to the DAC.
• Military assistance is not included except when
the military agency is the executive agent for development or humanitarian efforts (including incountry narcotics support, threat reduction and
demobilization, and post-conflict peacebuilding
operations).
• Only long-term credits (repayment terms that
exceed 1 year) are included.
• Annuity/pension transfers and personal remittances are not included.
• Only direct investment and private unilateral
transfers to developing countries are included;
comparable flows to DAC member countries from
developing countries are not included.
• Certain transactions are included that do not
enter the balance of payments accounts (for example, refugee costs for the first year within the
donor country).
• Banking flows through 13 select developing countries are not included, because the financial intermediation performed by these countries primarily
facilitates financial flows to developed countries
rather than to developing countries.4
Classification of Flows
DAC Reporting Directives
DAC reporting directives follow closely most of the
balance of payments accounting guidelines outlined
in the International Monetary Fund's Balance of Payments Manual, 5th Edition. Accordingly, most of the
concepts used in BEA'S data submissions to the DAC
are similar to those in the U.S. balance of payments
accounts, but DAC reporting directives require special
treatment in some situations.3 Examples of special
treatment follow:
• Capital subscriptions to international and regional banks are reported on an issuance basis
(when lines of credit are established) and not on
an encashment basis (when drawdowns are made
on the lines of credit).
2. Aid statistics for DAC members are available in two annual publications, Development Co-operation Report: Efforts and Policies of the Members of
the Development Assistance Committee (Paris: OECD Publications, 1999) and
Geographical Distribution of Financial Flows to Aid Recipients (Paris: OECD
Publications, 1999).
3. Estimates are based on details used to estimate the following lines in
table 1 of the U.S. international accounts published in the January, April, July,
and October issues of the SURVEY OF CURRENT BUSINESS:
Line 14, U.S. Government income receipts
Line 30, U.S. Government grants
Line 31, U.S. Government pensions and other transfers
Line 32, Private remittances and other transfers
Line 40, U.S. credits and other long-term assets
Line 41, Repayments on U.S. credits and other long-term assets
Line 42, U.S. foreign currency holdings and U.S. short-term assets,
net
Line 44, Direct investment, U.S. private assets abroad, net
Line 45, Foreign securities, U.S. private assets abroad, net
Line 47, U.S. claims reported by U.S. banks, not included elsewhere
U.S. resource flows originate from either the public
sector ("official flows") or the private sector. Flows
from the public sector are divided into two categories:
Official development assistance (ODA) and other official flows. For flows to be classified as ODA, they
must be official in nature (originate from Federal,
State, and local agencies); have a development or
welfare motive (the main objective promotes economic and social development in the aid recipient);
be concessional in character; and be directed to Part
I countries or development-oriented multilateral organizations. Bilateral ODA grants are classified into
the following categories: Program aid ("cash" or "inkind" transfers for budget or balance of payments
support, financing of capital goods and commodities, and wide-ranging development plans in a defined
sector in which the recipient country concurrently executes its own development plans in the same sector);
technical cooperation (transfers that increase the stock
of human intellectual capital and its use); food aid
(including freight donations); emergency and distress
relief (including aid to refugees and for migration);
debt forgiveness (principal and interest for qualifying
official credits); and other (primarily administrative
costs of agencies dedicated to foreign assistance). Bilateral ODA grants are dominated by disbursements
from the U.S. Agency for International Development,
but many other agencies participate in the delivery of
U.S. assistance abroad.
4. The 13 countries are Aruba, the Bahamas, Bahrain, Bermuda, Cayman Islands, Hong Kong, Lebanon, Liberia, Netherlands Antilles, Panama,
Singapore, Vanuatu, and the Virgin Islands (UK).
SURVEY OF CURRENT BUSINESS
Bilateral loans from the U.S. Government may also
be classified as ODA if they have a development motive
and a "grant element" of 25 percent or more—-a DAC
concept of concessionality for financial instruments
that is measured as the difference between the face
value of the loan and the present value of associated
service payments over the lifetime of the loan (calculated at a 10-percent discount rate), with the difference
expressed as a percentage of the face value. These ODA
loans are primarily food aid credits extended under
the Title I program of Public Law 480, but they also
include significant credits extended to replace qualifying official loans under rescheduling agreements and
the capitalization of related interest. Offsetting entries
consist of ODA loan repayments from recipient countries, liquidation of existing loan balances with new
credits from rescheduling agreements, and entries for
loan forgiveness.
Both voluntary and assessed contributions to multilateral organizations with a development orientation,
as well as capital subscriptions and lending to international and regional development banks, may be
classified as multilateral ODA. Commodity donations
February 1999 •
through both the World Food Program and the International Emergency Food Reserve of the United
Nations are also classified as multilateral ODA.
Official resource flows that do not qualify as ODA
are designated other official flows (OOF). These flows
primarily consist of credits extended by the ExportImport Bank and the Commodity Credit Corporation
in support of U.S. exports, but they also include
credits extended by the Overseas Private Insurance
Corporation and other U.S. Government agencies, the
rescheduling of OOF loans, the capitalization of related interest, and the conversion of subrogated assets
into long-term credit instruments. Offsetting entries
include principal repayments on OOF loans and the
retirement of outstanding loans under rescheduling
agreements.
Private flows include U.S. direct investment abroad,
securities transactions, banking transactions, and export credits of private banks participating in guarantee
programs of the U.S. Government.
Grants by nongovernmental organizations include
institutional remittances and private contributions to
UNICEF. [ 3
15
16
SURVEY OF CURRENT BUSINESS
February
Personal Income by State and Region,
Third Quarter 1998
By Duke Tran
The quarterly
estimates of State
personal income
are prepared by the
Regional Economic
Measurement
Division.
N THE third quarter of 1998, U.S. personal
income increased $78.9 billion, or 1.1 percent
(table A).1 By region, the Southeast (22.1 percent)
and the Far West (21.0 percent) accounted for
the largest shares of the increase in U.S. personal
income (chart 1). These increases were largely ac1. This estimate of U.S. personal income—the sum of the estimates of
State persona] income for each State—differs slightly from the estimate of
personal income in the national income and product accounts (NIPA'S) because of differences in coverage, in the methodologies used to prepare the
estimates, and in the timing of the availability of source data. For a detailed
description of the differences, see the box "Relation of Personal Income in
the National Income and Product Accounts (NIPA'S) and in the State Personal Income Series" in Wallace K. Bailey, "State Personal Income, Revised
Estimates for 1982-97," SURVEY OF CURRENT BUSINESS 78 (October 1998): 21.
Upcoming Comprehensive Revisions of State and
Local Area Personal Income
In the spring of 2000, BEA will release the results of
comprehensive revisions of State personal income and
of local area personal income. These revisions will incorporate the results of the upcoming comprehensive
revision of the national income and product accounts
(NIPA'S) that will be released in the fall of 1999. This
schedule will accelerate the availability of State and local area estimates of personal income that are consistent
with the national estimates: For the State estimates,
nearly half a year sooner than for previous comprehensive revisions, and for the local area estimates, about a
year sooner.
To accomplish this speedup in timing, the annual revision of State personal income that would normally be
scheduled for this September will instead be combined
with the upcoming comprehensive revision. The regular release of the preliminary annual State estimates for
1998 will be on April 27, 1999; in July, there will be a
limited revision to those estimates that will incorporate
the fourth quarter 1998 tabulations by the Bureau of
Labor Statistics of data on employment and wages for
workers covered by State unemployment insurance.
The regular release of the local area estimates, which
will cover 1995-97, will be on May 6, 1999.
1. Comprehensive revisions, which are usually prepared about every 5 years, provide the opportunity for BEA to introduce major
improvements into its economic accounts.
2. For information on the comprehensive revision of the NIPA'S, including a list of several major improvements that are being considered
and a call for comments by data users, see the box "Upcoming Comprehensive Revision of the National Income and Product Accounts" on
page 7.
counted for by Florida, Virginia, North Carolina,
and Georgia in the Southeast and by California
in the Far West.
By type of income, most of the increase in
U.S. personal income was accounted for by a
$62.1 billion increase in net earnings.2 Dividends, interest, and rent increased $9.7 billion,
and transfer payments increased $7.2 billion.3
U.S. earnings by place of work increased $66.5
billion (table B). Earnings increased in all the
industries except farms and manufacturing; the
2. Net earnings is calculated as earnings by place of work less personal
contributions for social insurance plus an adjustment that converts these
earnings to a place-of-residence basis. Earnings by place of work is the
sum of wage and salary disbursements (payrolls), other tabor income, and
proprietors' income.
Net earnings is used to analyze changes in the composition of personal
income; earnings by place of work is used to analyze changes in the industrial
structure of earnings. Net earnings by industry is not available, because
the source data used to adjust earnings to a place-of-residence basis are not
available by industry and because personal contributions for social insurance
are not estimated by industry. For the definitions of the components of
earnings, see U.S. Department of Commerce, Bureau of Economic Analysis,
State Personal Income, 1929—93 (Washington, DC: U.S. Government Printing
Office, 1995), or go to BEA'S Web site at <www.bea.doc.gov/bea/mp.htm>,
and look under Regional programs for State Personal Income, 1929-93.
3. Dollar changes are expressed at seasonally adjusted annual rates.
CHART 1
Regional Shares of the U.S. Dollar
Change in Personal Income,
1998:11-1998:111
(U.& dollar change=$78.9 billion)
Southwest (10.8%)
Great Lakes (12.7%)
New England
(5.7%)
Plains (5.2%)
Rocky
Mideast
(18.9%)
Mountain
(3.6%)
Southeast (22.1%)
Far West (21.0%)
U.S. Department 0! Commerce, Bureau of Economic Analysis
SURVEY OF CURRENT BUSINESS
largest increases were in services ($32.5 billion)
and in finance, insurance, and real estate ($7.6 billion). The decline in earnings in farms reflected
declines in farm proprietors' income; the decline
in manufacturing earnings partly reflected the effects of a strike in the motor vehicle industry in
the second and third quarters of 1998.
Table 1 at the end of this article presents the
quarterly estimates of personal income for each
State and region, beginning with the first quarter
of 1996. Table 2 presents the quarterly estimates
of personal income by major source and of earnings by industry, beginning with the first quarter
of 1996.
By industry, growth in earnings by place of
work was unchanged in manufacturing. The
growth rate accelerated in construction, in transportation and public utilities, in services, and in
government, and it decelerated in farms, in trade,
and in finance, insurance, and real estate.
By region, personal income growth accelerated in the Far West, Rocky Mountain, Great
Lakes, and Southwest regions; in these regions,
growth in net earnings contributed the most to
the growth in both the second and third quarters. Personal income growth decelerated in the
Southeast, New England, Mideast, and Plains
regions.
Growth rates by type of income, by industry,
and by region
Growth rates by State
The growth in personal income of 1.1 percent in
the third quarter was the same rate as that in the
second.4 By type of income, growth rates were
also unchanged in the third quarter: 1.3 percent
in net earnings; 0.8 percent in dividends, interest,
and rent; and 0.6 percent in transfer payments.
4. In this article, percent changes are expressed at quarterly rates.
February 1999
In the third quarter, the growth rates in personal
income in 48 States and the District of Columbia
exceeded the 0.3-percent increase in the prices
paid by U.S. consumers (as measured by the price
index for personal consumption expenditures).
Personal income declined in Montana, and it
grew only 0.1 percent in Indiana.
The States with the fastest rates of growth
in personal income were Nevada (1.9 percent),
Personal Income: Percent Change, 1998:11-1998:111
MA 1.1
UNITED STATES 1.1%
HI 0.7
\y
|
n
I
| Fastest growing States
Slowest growing States
I All other States
U.S. Department of Commerce, Bureau of Economic Analysis
•
17
l8
• February 1999
SURVEY OF CURRENT BUSINESS
Colorado (1.7 percent), Washington (1.6 percent),
and Arizona (1.6 percent) (chart 2). By type
of income, net earnings accounted for most of
the personal income growth in all these States
(table A). By industry, earnings in services was
the major contributor to growth in earnings by
place of work in all these States (tables C and D).
In Nevada, earnings in construction and government also contributed substantially; the rapid
growth in construction earnings reflected the
construction of hotels and casinos. In Colorado,
earnings in retail trade and in transportation
and public utilities also contributed substantially. In Washington and Arizona, earnings in
manufacturing also contributed substantially.
The States with the slowest rates of growth in
personal income were Montana (-0.7 percent),
Indiana (0.1 percent), South Dakota (0.4 percent), and Iowa (0.4 percent). The decline in
Montana and the slow growth in Indiana reflected declines in net earnings; the slow growth
in South Dakota and Iowa reflected small increases in net earnings. By industry, in Montana
and Indiana, declines in earnings by place of work
mainly reflected declines in manufacturing earn-
ings. In Montana, the decline in manufacturing
earnings reflected an unusually high level in the
second quarter, when large lump-sum payments
were made to employees in the primary metal
industries to settle a lawsuit; in Indiana, the decline in manufacturing earnings mainly reflected
the effects of a strike in the motor vehicle industry in the second and third quarters of 1998. In
Montana, declines in earnings in transportation
and public utilities and in government also contributed to the decline in earnings by place of
work; in Indiana, declines in earnings in farms, in
construction, in transportation and public utilities, and in government also contributed to the
decline. In South Dakota and Iowa, slow growth
in earnings by place of work mainly reflected declines in earnings in farms as a result of declines
in cash receipts from crops. In South Dakota,
declines in earnings in construction, in wholesale
trade, in finance, insurance, and real estate, and
in government also contributed to slow growth
in earnings by place of work; in Iowa, a decline in
manufacturing earnings also contributed to the
slow growth.
Tables A to D and 1 and 2 follow. H
SURVEY OF CURRENT BUSINESS
February 1999
•
19
Table A.—Personal Income by Component, 1998:11-1998:11
[Seasonally adjusted]
Percent change'
Personal
income
Net earnings 2
Dividends,
interest,
and rent
Transfer
payments
Contribution to percent change
in personal income
Percent
(percentage points)
change in
personal
Diviincomel Net earnTransfer
dends,
2
ings
interest, payments
and rent
Dollar change (millions) -
Personal
income
Net earnings 2
Dividends,
interest,
and rent
Transfer
payments
United States
1.1
1.3
0.8
0.6
1.1
0.9
0.1
0.1
78,893
62,064
9,665
7,164
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
1.1
1.0
1.3
1.1
.6
.8
1.2
1.2
1.2
1.8
1.3
.6
1.0
1.5
.8
.8
.6
.9
.8
.6
.9
.5
.6
.5
.5
.6
.5
.5
1.1
1.0
1.3
1.1
.6
.8
1.2
.8
.8
1.1
.9
.4
.6
1.0
.1
.1
.1
.2
.1
.1
.2
.1
.1
.1
.1
.1
.1
.1
4,489
1,243
3,525
339
90
30
157
25
25
12
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
1.1
1.2
.8
1.2
1.1
1.1
1.1
1.4
1.4
1.0
1.4
1.5
1.3
1.3
.6
.8
.4
.7
.6
.6
.6
.5
.8
.4
.5
.3
.6
.6
1.1
1.2
.8
1.2
1.1
1.1
1.1
.9
1.0
.7
1.0
1.0
.9
.8
.1
.1
.1
.1
.1
.1
.1
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
.9
1.1
.1
.7
1.0
1.1
.9
1.4
-.3
A
1.1
1.3
.8
.8
.8
.8
.7
.9
.9
.5
.9
1.8
.9
.6
.9
1.1
.1
.7
1.0
1.1
.6
.9
-.2
.3
.8
.9
Plains
.9
.4
1.2
1.1
.9
1.0
.6
.4
1.0
.3
1.4
1.2
1.0
1.1
.6
.2
.7
.5
1.0
.7
.7
.5
.7
.7
.6
.5
.5
.5
.6
.6
.9
.7
.9
.4
1.2
1.1
.9
1.0
.6
.4
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
1.1
1.1
.6
1.4
.9
1.0
1.0
1.0
1.0
1.3
.9
1.2
1.0
1.3
1.2
.5
2.0
.9
1.2
1.2
1.2
1.1
1.6
.9
1.5
1.3
.9
1.0
1.0
.7
1.1
.9
.9
.9
1.1
1.0
1.0
.8
.6
.7
.6
.8
.6
.7
.6
.8
.7
.7
.7
.7
.6
.5
Southwest
Arizona
New Mexico
Oklahoma
Texas
1.2
1.6
1.0
1.4
2.0
1.1
.9
1.1
1.1
1.3
1.2
1.3
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
1.3
1.7
1.6
2.0
1.6
-.7
1.3
1.4
-1.5
1.4
1.8
1.0
1.1
1.1
.7
1.2
.9
.6
.6
.6
.5
.7
.6
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
1.4
.8
1.4
.7
1.9
.9
1.6
1.7
1.1
1.7
.7
2.3
1.0
2.0
.9
.8
.9
.8
1.5
1.0
.9
.4
-.2
.4
.5
.4
.5
.8
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
1.4
376
975
315
2,266
1,791
219
213
172
146
163
135
624
178
31
317
48
25
24
.1
.1
.1
.1
0
.1
.1
14,936
12,172
1,503
1,261
269
154
214
126
1,807
3,076
6,220
3,409
1,508
2,660
4,963
2,702
30
12
191
321
604
345
25
16
109
95
653
363
.1
.1
.1
.1
.1
.1
.1
.1
.1
.3
.2
.1
10,055
3,932
1,543
1,653
74
6,861
3,208
-292
1,719
2,878
1,451
2,121
1,146
507
181
343
319
193
216
186
698
439
113
.7
.2
1.0
.9
.6
.8
.4
.1
.1
4,116
3,139
.2
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.2
.1
271
797
152
638
1,374
1,140
1,130
387
85
61
835
314
47
23
578
66
112
152
176
35
17
21
400
53
47
92
130
38
22
18
1.1
1.1
.6
1.4
.9
1.0
1.0
1.0
1.0
1.3
.9
1.2
1.0
.9
.8
.3
1.2
.6
.8
.8
.8
.8
1.1
.6
1.0
.7
.1
.1
.1
.2
.2
.1
.1
.1
.2
.1
.1
.1
.1
.1
.1
.2
.1
.1
.1
.2
.2
.1
.1
.1
.1
.1
17,428
13,346
2,233
1,849
986
312
750
150
5,508
1,618
4,424
1,144
839
962
530
637
704
391
1,848
1,067
1,141
2,279
1,349
336
260
121
72
627
292
108
113
59
289
112
172
236
31
116
90
456
182
95
146
81
210
105
160
164
44
1.2
1.6
1.0
1.0
1.3
.7
.1
.2
.1
.1
.1
.1
8,497
1,696
6,928
1,419
.9
.6
.5
.7
244
908
195
46
661
81
47
.8
.7
.1
.1
.1
.1
582
4,683
99
1.0
763
5,700
83
.6
1.1
1.2
.8
.9
584
432
1.1
1.4
1.1
.1
2,839
1,883
2,302
1,594
347
279
-119
-161
.1
.1
573
154
466
124
357
201
45
24
66
21
180
88
23
18
41
10
.1
0
.1
.1
.1
.1
.1
16,534
13,792
1,919
130
120
15
11,978
10,095
1,349
220
904
752
151
762
544
2,548
2,122
43
118
147
247
822
-5
534
26
26
61
180
1. Percent changes are expressed at quarterly rates.
2. Net earnings is earnings by place of work, after the deduction of personal contributions for social insurance,
plus an adjustment to convert earnings—the sum of wage and salary disbursements (payrolls), other labor income,
.1
1.4
1.1
.2
.2
.2
.1
.2
.2
1.4
.8
1.1
.8
1.1
.5
1.6
.7
1.4
.2
.1
.2
.1
.3
.2
.2
1.3
1.7
1.4
-.7
1.3
1.4
.7
1.9
.9
1.6
-.9
1.1
.1
.1
.1
and proprietors' income—to a place-of-residence basis.
3. Dollar changes are expressed at annual rates.
NOTE.—Estimates may not add to totals due to rounding.
337
678
850
808
1,879
20 • February 2999
SURVEY OF CURRENT BUSINESS
Table B.—Earnings by Place of Work: Dollar Change by Industry Group, 1998:11-1998:111
[Millions of dollars, seasonally adjusted at annual rates]
Private goods-producing industries
Earnings
by place
of work l
United States
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
,
2,706
4,549
7,265
7,615
32,547
7,166
3,627
31
5
68
-33
-84
24
54
21
10
2
9
1
-1
0
211
40
57
113
-7
5
3
-252
3,325
837
238
-178
1,819
-84
17
48
186
164
84
^4
-74
8
42
10
14
-3
374
101
23
217
29
4
1
369
92
42
156
38
22
19
572
179
34
282
28
40
9
2,014
-59
4
272
79
36
180
-7
-28
13
896
52
-7
-3
411
298
144
29
-3
0
-1
5
17
10
928
49
1
137
181
524
35
-173
11,029
6,627
36
-151
1,129
2,142
5,171
2,198
810
6
1
35
232
398
136
1,876
173
215
482
13
-5
33
187
163
91
1,234
3
-12
92
370
820
-1,057
-210
92
69
-22
2
14
28
678
141
85
143
196
112
1,037
1,029
-56
-43
6
191
73
-79
-48
122
124
-1,159
426
220
143
263
270
141
491
123
56
209
150
481
43
76
80
257
27
4
-4
123
-9
167
16
3,025
394
370
-37
25
18
1,032
-115
-124
839
298
65
26
-10
49
-10
4
303
23
40
107
111
22
9
-8
622
60
97
237
149
37
12
29
467
63
22
193
179
45
13
-48
1,670
-20
-56
-77
-60
-10
-45
-925
1,436
11,500
6,778
105
54
601
92
77
75
39
251
134
84
244
66
1
356
228
34
32
21
244
76
78
190
277
114
-3
-3
799
26
24
260
128
58
58
7
64
75
28
65
1,347
92
44
297
182
22
168
126
82
96
128
182
796
32
11
226
225
45
35
-17
102
54
13
57
1,780
-52
-3
21
14
7
24
19
-267
710
711
78
63
-58
32
463
417
4,255
658
138
22
28
469
3,306
182
35
699
76
8
59
556
590
-68
-10
2,049
1,396
217
76
301
60
232
216
17
-15
15
0
142
117
2
10
7
7
319
1,068
48
13
288
199
15
10
53
11
10,439
87
7,595
446
8
272
18
27
14
108
854
3
1,192
1,380
6,567
919
342
7,244
3,458
-415
Plains
709
-992
-952
2,301
1,192
246
219
-112
3,457
74
178
696
-245
-559
-291
1,234
916
353
52
29
14,365
805
171
4,757
1,213
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
733
751
408
1,476
921
847
2,006
276
7,406
1,527
260
621
4,998
2,447
1,701
236
45
44
1
-10
6
926
170
-96
626
-70
-193
-137
79
203
116
-47
224
-34
189
-2
5
-307
-24
63
779
420
-58
93
325
59
-184
496
137
111
52
14,832
2,989
138
36
10,837
2,357
161
829
582
-41
172
-93
556
2,284
-135
-561
126
32
-259
298
-5
...t
'•<.
-131
-3
7
-9
6
-1
-6
-11
0
-67
6
1
20
28
1. Earnings by place of work is the sum of wage and salary disbursements (payrolls), other labor income, and
proprietors' income.
Government
54,682
1,471
2,611
5,677
2,850
Southwest
Arizona
New Mexico
Oklahoma
Texas
Services
-202
251
306
,
Finance,
insurance,
and real
estate
Retail
trade
5,879
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Wholesale
trade
-1,926
13,166
Kansas
Minnesota
Missouri
Nebraska
North Dakota .
South Dakota.
Total
Transportation
and public utilities
4,696
92
160
149
Iowa
Farms
Construc- Manufaction
turing
66,544
1,965
Mideast
Delaware
District of Columbia .
Maryland
New Jersey
New York
Pennsylvania
Total
2
Private services-producing industries
247
185
19
4
22
19
1,674
11
1,402
-35
165
-28
159
198
-278
67
371
-887
-938
209
88
24
2
48
186
121
-12
332
<
7,351
2,714
590
1,446
1,728
873
506
204
-591
3,877
1,520
173
60
-19
514
461
159
144
140
-177
-16
32
1,094
189
5,964
288
999
294
-73
82
-108
-217
-71
16
-269
94
14
1,101
1
865
-13
-4
-99
351
647
745
1,568
204
127
536
596
1,497
26
25
109
238
477
359
127
21
30
413
61
509
218
23
16
598
7
25
46
175
2. Also includes mining and agricultural services, forestry, and fishing.
NOTE.—Estimates may not add to totals because of rounding.
11
827
10
76
66
201
-176
132
220
1,393
272
539
131
1,122
81
84
58
1,265
2,740
1,340
4,515
1,793
261
982
1,039
442
223
193
610
410
145
41
49
2,434
847
300
261
109
433
308
542
1,012
140
580
180
239
2,308
646
160
55
178
29
13
52
1,061
4,837
16
59
70
160
76
349
400
853
1,242
26
97
345
58
208
508
951
322
-13
215
327
100
358
29
90
159
34
53
-4
-3
1,938
129
65
255
253
140
89
134
429
50
137
248
9
663
110
25
110
418
340
181
49
-1
83
27
1,403
15
885
73
120
80
230
SURVEY OF CURRENT BUSINESS
February 1999
21
Table C—Earnings by Place of Work: Percent Change by Industry Group, 1998:11-1998:111
[Seasonally adjusted at quarterly rates]
Private goods-producing industries
Earnings
by place
of work l
Total 2
Farms
Private services-producing industries
Construc- Manufaction
turing
1.3
0.4
-4.8
2.0
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont ...
1.2
1.1
1.8
1.3
.4
1.0
1.5
0
0
1.4
-.1
-1.3
.6
1.8
3.9
6.7
3.3
5.5
2.4
-3.6
0
1.4
1.0
4.4
1.6
-.5
.6
.4
-.5
—3
!i
-.7
-1.7
.6
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
1.4
1.4
.8
1.5
1.5
1.3
1.3
.5
.9
-.4
0
1.1
.4
.2
2.0
-3.8
-5
2.6
4.9
1.7
2.1
4.3
.2
2.1
2.2
3.4
.3
-.1
.1
-1.2
-1.7
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
.9
1.4
-.4
.4
1.1
1.3
-.4
.6
-2.4
-1.4
.4
.7
-4.8
-3.6
-4.5
1.1
-8.6
-17.2
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
1.0
.4
1.5
1.2
.9
1.2
.6
.3
.1
-1.5
1.7
.2
.2
0
-.5
.2
1.3
1.2
.5
2.0
.8
1.2
1.2
1.2
1.1
1.6
.9
1.5
1.3
.3
.9
-.8
1.6
-1.6
.4
1.1
1.0
-.1
1.2
-.1
.7
1.0
1.4
2.0
1.1
1.3
1.3
United States
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
Far West
Alaska
California .....
Hawaii
Nevada
Oregon
Washington
...
..
Transportation
and public utilities
Wholesale
trade
Retail
trade
Finance,
insurance,
and real
estate
Services
Government
0.8
1.4
1.6
1.7
2.2
1.0
0
-1.7
.7
.5
.8
1.6
-.5
1.9
1.8
2.3
2.2
1.9
.5
.2
1.4
1.4
1.9
1.3
1.5
1.4
1.9
1.8
1.6
2.8
1.8
1.8
3.0
1.7
2.1
2.1
2.5
2.1
1.3
1.5
2.1
.8
.9
1.2
1.1
-.3
-1.0
.9
1.7
1.9
1.1
1.9
.8
1.7
-.4
.6
1.4
.9
.3
.6
1.7
1.8
2.9
1.2
1.4
1.5
-7.9
1.6
2.2
2.2
2.4
2.6
.9
1.3
.7
1.7
.7
-.5
1.8
1.8
1.3
.7
1.4
1.6
1.7
1.7
1.4
1.6
2.3
2.1
.2
.4
.1
1.7
.6
1.1
1.8
1.6
2.0
1.9
.4
.5
-1.1
-.5
1.1
2.1
-.5
.8
-2.7
-1.6
1.6
1.7
1.2
1.6
.2
.4
-.4
0
1.2
.8
1.4
1.2
1.4
1.1
1.5
1.6
1.7
1.9
2.0
.6
2.1
2.4
1.1
2.2
.9
1.1
-1
.9
.4
1.6
.1
1.4
1.4
1.5
2.0
1.3
.3
1.8
.5
2.0
1.7
2.4
2.0
.8
-7.4
-12.6
-1.7
-6.2
-8.1
-4.5
-6.3
-6.5
2.2
1.4
2.7
1.3
4.1
1.4
.6
-.5
.2
-.1
1.9
.1
-.7
.6
.2
2.8
1.5
1.6
1.5
1.8
1.5
1.7
1.1
.4
-.1
.8
.5
-1.7
-.1
1.8
-1.2
.5
1.2
.7
1.2
1.4
1.7
1.1
1.1
-1.1
1.9
1.3
2.1
2.6
1.6
1.3
1.2
2.3
1.8
1.7
.8
2.1
2.4
2.0
2.4
-5.9
1.9
2.0
1.8
2.3
1.6
1.9
1.6
1.7
.8
.4
1.2
1.3
.3
1.1
-2
-.2
-8.1
-5.9
-9.6
-4.1
-10.4
-12.7
-.4
.8
-12.7
-5.9
-1.0
-.9
2.1
2.2
2.0
2.0
2.2
.6
3.1
5.4
.9
2.4
2.2
2.3
1.5
.1
.9
-.1
1.6
-2.5
1.4
.7
-.3
.5
1.0
-.9
-.1
.9
1.8
1.5
1.1
2.4
1.7
1.7
1.3
.9
1.6
2.3
1.3
2.1
1.8
1.0
.8
.4
1.5
1.7
1.0
.7
-7
1.2
1.7
.2
.6
.8
1.2
.7
1.3
1.7
1.0
1.8
1.6
.4
.8
2.5
.5
.9
.7
1.6
1.7
1.3
2.2
.7
1.3
1.2
1.1
1.9
2.1
.8
2.2
1.1
1.8
1.7
.1
1.6
2.1
1.2
.9
1.3
2.8
2.3
1.2
2.0
2.0
2.3
1.8
1.5
3.0
2.2
2.2
1.5
1.4
1.4
2.4
2.1
2.6
2.5
1.1
1.1
1.2
.7
1.2
1.5
.8
2.0
2.0
.5
1.1
.9
.2
-6.4
.5
2.3 , - 1 1 . 0
-1.2
-3.0
.7
-7.9
.3
-5.3
2.1
3.2
2.0
1.4
1.9
.2
2.7
-3.9
1.1
-2
2.0
2.1
2.3
1.7
1.9
1.6
1.7
.6
1.5
1.7
1.7
2.6
2.1
1.3
1.6
1.4
.9
2.3
1.3
1.5
1.8
2.0
1.8
1.2
1.8
2.4
2.6
2.7
2.1
2.3
.9
1.0
.4
1.3
.8
1.6
2.0
1.6
-1.5
1.4
1.8
.2
.7
.6
-9.1
1.3
2.1
-.2
1.1
-1.3
1.6
-.5
-5.4
2.0
2.8
1.2
.4
.8
2.9
-1.1
-.7
.5
-23.8
1.9
3.3
2.2
2.6
2.3
1.1
1.5
1.7
1.7
2.7
1.4
-1.7
.6
0
1.6
2.3
.2
1.6
.3
2.6
2.0
2.7
1.1
1.1
1.3
1.7
2.4
2.8
1.6
1.4
2.0
3.1
2.5
2.6
3.7
1.7
1.9
2.1
1.4
1.5
1.6
0
1.5
1.6
1.7
1.1
1.7
.7
2.3
1.0
2.0
1.4
1.4
1.6
-1.6
2.5
-.5
1.9
-.1
0
-1.0
3.6
1.9
3.3
2.5
3.3
1.2
4.2
-2.6
4.0
-.6
2.3
.8
.2
.9
-1.6
1.9
1.4
1.9
.9
.8
.6
.7
1.0
1.6
.8
1.5
.9
1.4
.9
1.4
.4
1.9
2.6
1.9
.9
2.3
1.9
2.3
1.1
1.1
.4
1.0
1.3
-.2
-.9
1.8
2.2
1.8
2.2
1.3
.4
1.4
1.6
1.0
2.5
2.2
1.0
1.9
23
1.7
2.3
24
2.6
2.5
2.7
1.0
1.3
1. Earnings by place of work is the sum of wage and salary disbursements (payrolls), other labor income, and
proprietors' income.
2. Also includes mining and agricultural services, forestry, and fishing.
0
Total
1.8
2.4
1.7
1.6
2.2
1.8
1.4 '
1.6
1.6
22 • February 1999
SURVEY OF CURRENT BUSINESS
Table D—Earnings by Place of Work: Contribution to Percent Change by Industry Group, 1998:11-1998:11
[Seasonally adjusted]
Percentage points
Percent
change in
earnings
by place
of work l
Private services-producing industries
Private goods-producing industries
Transportation
and public utilities
Total
Total 2
Farms
Construction
Manufacturing
Wholesale
trade
Finance,
insurance,
and real
estate
Retail
trade
Government
Services
United States
1.3
0.1
0
0.1
0
1.1
0.1
0.1
0.1
0.1
0.6
0.1
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
...
1.2
1.1
1.8
1.3
.4
1.0
1.5
0
0
.4
0
-.4
.1
.6
0
0
0
0
0
0
0
.1
0
.3
.1
0
0
0
-.1
-.1
0
-.1
-.4
.1
.5
1.1
1.0
1.3
1.2
.8
1.0
.9
0
-.1
0
0
0
.1
0
.1
.1
.1
.1
.1
0
0
.1
.1
.2
.1
.2
.1
.2
.2
.2
.2
.2
.1
.2
.1
.7
.6
.7
.8
.4
.5
.6
.1
.1
.2
.1
0
-.2
.1
Mideast
Delaware
District of Columbia .
Maryland
New Jersey
New York
Pennsylvania
1.4
1.4
.8
1.5
1.5
1.3
1.3
.1
.3
0
0
.2
.1
.1
0
0
0
0
0
0
0
.1
.3
.1
.1
.1
0
0
0
0
-.2
.1
-.1
0
1.1
1.0
.6
1.2
1.2
1.2
1.0
0
.1
0
0
.1
0
0
.1
0
0
0
.1
.1
.1
.1
.1
.1
.1
.1
.1
.2
.2
.2
-.5
.1
.1
.3
.1
.7
.5
1.0
.8
.7
.7
.6
.1
.1
.3
.4
0
0
.2
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
.9
1.4
-.4
.4
1.1
1.3
-.1
.2
0
0
-.1
0
.1
.1
-.1
.1
-.9
-.5
.1
.1
.9
1.1
.6
.8
.9
.9
0
0
0
0
0
0
.1
.1
.1
.1
.1
.1
.1
.1
-.5
.1
.2
0
0
0
0
-.1
0
.1
.2
.1
0
.1
.2
.5
.7
.3
.5
.5
.5
.1
.1
0
.1
.2
.1
Plains
1.0
.4
1.5
1.2
.9
1.2
.6
.3
0
-.5
.5
0
0
0
-.1
.1
-.2
-.6
0
-.1
-.1
-.2
-.1
-.4
.1
.1
.2
.1
.3
.1
0
0
0
0
.4
0
-.1
.1
0
.4
.9
.8
.8
1.0
.9
1.0
.7
.2
0
.1
0
.1
.1
.1
.1
.1
-.1
.2
.1
.1
0
.2
.2
.1
.1
-.4
.5
.5
.4
.6
.4
.5
.4
.4
.1
.1
.2
.2
0
.2
0
0
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina ..
South Carolina ..
Tennessee
,
Virginia
West Virginia ...,
1.3
1.2
.5
2.0
.8
.1
.3
-.3
.3
-.4
.1
.3
.3
0
.4
-.1
-.1
-.4
0
-1
-.2
0
0
-.2
0
.1
.1
.1
.1
.1
0
.3
A
.1
.2
0
.2
0
.1
-.4
.3
1.1
.8
.6
1.7
1.1
.9
.7
.5
.8
1.1
.1
0
0
.1
0
.2
.2
.2
.3
.1
.1
0
.2
.2
.1
0
.2
.2
.2
0
0
.1
-.2
0
0
0
.1
.1
0
.1
.8
1.2
Southwest
Arizona
New Mexico
Oklahoma
Texas
1.4
2.0
-.1
0
-.1
0
.1
.2
.1
.1
.1
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
1.6
2.0
1.6
0
.1
.2
-1.5
-2.2
1.4
1.8
.3
.7
0
0
0
0
0
-1
.2
.2
.1
0
.1
.3
1.7
1.1
1.7
.7
2.3
1.0
2.0
.3
0
0
0
0
0
0
0
.2
.1
.2
-.2
.5
0
.1
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota .
South Dakota.
Far West
Alaska
California
Hawaii
Nevada
Oregon
,
Washington
1.2
1.2
1.2
1.1
1.6
.9
1.5
1.3
1.1
1.3
1.3
-1.0
.1
.3
.1
.6
-2
.2
.1
.3
.4
-.2
.5
-.2
.5
I * . _A
1. Earnings by place of work is the sum of wage and salary disbursements (payrolls), other labor income, and
proprietors' income. Percent changes are expressed at quarterly rates.
0
.1
-.1
.1
.2
.1
0
-1
0
.2
-1
0
.1
.2
.1
.1
0
.1
.1
0
.9
.1
0
.4
-.3
.2
0
1.1
1.3
1.2
.1
.1
-.1
-.1
.1
.3
.2
1.3
1.6
1.2
.6
.9
.8
.3
.1
-.1
0
0
.1
0
.1
-.1
0
-.2
.3
1.2
.7
1.2
.6
1.5
1.0
1.3
.1
.1
0
.1
.1
0
.1
-2.2
.9
1.1
0
.1
.1
.1
.1
.1
.1
.2
.1
.2
.2
.2
.1
.1
.3
.1
0
0
.1
.1
.1
.2
.2
.2
.1
.6
.4
.3
1.0
.6
.5
.4
.3
.3
.5
0
.1
.2
.1
.1
.1
.1
.6
.1
.1
.8
.6
.2
0
.1
.1
.1
.6
.8
.8
.5
.6
.1
.1
.1
.2
.1
.7
.8
.9
.5
.1
.1
.1
.1
.1
0
.1
.2
.1
.1
.1
.1
.1
.3
.1
.1
.1
.2
.1
.1
.1
.1
.2
.2
.1
.4
.3
.2
.2
0
.1
0
.1
.2
.3
.1
.1
.1
.2
.1
'.4
.2
.2
.3
0
.2
.4
.1
0
.1
0
.1
.1
.2
.1
.1
.1
0
.2
.1
.2
.2
.1
.2
.1
.2
.1
.1
.7
.4
.8
.3
1.0
.7
.8
.2
.1
.1
.3
.3
.1
.2
.1
.1
2. Also includes mining and agricultural services, forestry, and fishing.
NOTE—Estimates may not add to totals becasue of rounding.
.1
.1
.2
c
February 1999
SURVEY OF CURRENT BUSINESS
•
2$
Table 1.—Personal Income by State and Region
[Millions of dollars, seasonally adjusted at annual rates]
1996
1997
Percent change l
1998
Area name
I
II
III
IV
I
II
III
IV
I'
II'
III''
1998:11998:11
1998:111998:111
1.1
1.1
429,059
123,303
28,654
202,095
34,238
26,475
14,294
1.4
.7
2.2
1.8
1.4
.9
1.3
1.1
1.0
1.3
1.1
Mideast
Delaware
District ol Columbia
Maryland
New Jersey
New York
Pennsylvania
1,221,822 1,240,073 1,252,618 1,268,123 1,286,623 1,294,001 1,307,359 1,325,111 1,339,594 1,356,951 1,371,887
19,894
19,557
21,854
19,188
20,338
20,461
20,984
21,592
22,123
20,535
21,253
18,114
18,041
18,304
18,516
18,810
19,106
19,288
19,442
18,518
18,556
18,785
135,367
137,271
150,167
139,168
140,885
149,076
152,551
154,358
143,530
145,008
146,626
242,577
272,697
246,138
248,770
251,583
256,574
264,072
269,248
269,621
257,195
260,425
517,969
525,046
528,586
535,929
543,202
551,121
558,018
562,883
545,785
573,893
580,113
288,607
294,019
297,896
300,872
304,338
306,921
309,418
313,883
316,598
319,746
323,155
1.3
1.2
1.0
1.6
.1
2.0
1.0
1.1
1.2
.8
1.2
1.1
1.1
1.1
Great Lakes
Illinois ....
Indiana .
Michigan
Ohio
Wisconsin
1,033,924 1,050,139 1,063,992 1,072,260 1,089,826 1,102,775 1,112,544 1,128,280 1,143,889 1,151,924 1,161,979
308,925
313,159
317,533
320,850
338,659
342,267
345,941
325,755
330,778
333,773
349,873
141,744
126,961
129,059
130,819
133,922
135,332
138,446
140,458
131,890
136,081
141,670
229,192
233,247
235,191
240,721
254,542
256,462
236,881
242,939
245,346
248,308
254,743
256,422
275,434
252,533
260,150
269,357
280,134
283,012
261,335
266,513
271,661
278,763
116,312
118,252
121,304
120,299
127,433
130,887
122,915
124,369
125,683
127,860
129,436
.7
1.1
.9
.1
.5
1.2
.9
1.1
.1
.7
1.0
1.1
469,782
68,277
65,993
130,956
134,052
40,959
13,374
16,170
1.0
.9
1.4
.9
.9
1.6
.4
1.0
.9
.4
1.2
1.1
.9
1.0
.6
.4
1,367,913 1,394,180 1,415,301 1,429,538 1,458,543 1,473,455 1,489,403 1,507,310 1,526,389 1,547,470 1,564,898
83,276
84,773
85,991
91,487
86,601
90,682
93,474
88,320
88,980
89,630
92,488
47,867
51,124
45,853
47,100
47,670
48,605
49,280
49,646
50,281
50,789
51,436
335,661
341,387
357,042
346,580
350,981
365,944
369,115
374,763
380,461
361,288
385,969
162,790
167,154
170,174
171,867
176,047
177,802
179,814
181,816
185,786
188,443
190,061
73,702
75,097
76,466
77,071
79,137
83,402
84,241
80,111
81,836
82,716
80,926
83,507
84,830
85,778
87,634
86,350
90,825
91,901
93,191
94,153
88,603
89,315
46,178
47,045
47,678
48,574
47,790
50,240
50,893
51,383
49,183
49,548
51,913
156,392
160,437
162,905
165,042
171,247
175,072
176,902
169,423
179,048
180,896
172,550
71,575
72,985
74,191
74,876
76,399
77,101
78,017
79,083
79,379
80,889
81,956
113,205
115,098
116,739
117,933
124,373
128,006
129,147
120,220
121,295
122,656
125,086
165,494
167,897
163,260
173,447
174,637
169,745
177,257
179,640
182,089
184,260
186,539
33,414
32,515
32,781
33,233
34,346
35,112
33,696
33,926
34,099
34,598
34,776
1.4
1.1
.7
1.5
1.4
.8
1.4
1.0
1.2
1.9
2.3
1.2
.5
1.1
1.1
.6
1.4
.9
1.0
1.0
1.0
1.0
1.3
.9
1.2
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
6,269,149 6,373,076 6,459,289 6,534,446 6,652,349 6,729,607 6,807,743 6,893,137 6,992,631 7,070,631 7,149,524
375,401
108,076
25,357
175,454
30,109
23,602
12,801
416,904
61,593
57,616
114,644
118,805
36,779
12,728
14,740
381,684
109,850
25,742
178,711
30,502
23,935
12,945
424,059
62 644
58,354
116,850
120,589
37,550
12,985
15,087
386,940
111,408
26,130
181,154
30,954
24,168
13,126
430,228
63596
59,244
118,705
122,100
37,990
13,286
15,308
392,636
112,865
26,516
184,185
31,373
24,530
13,167
434,037
63 687
59,959
119,487
123,703
38,644
13,204
15,354
400,057
115,568
26,860
187,604
31,770
24,886
13,368
439,487
65 011
60,909
120,635
126,407
38,546
12,720
15,260
404,197
116,716
27,117
189,401
32,264
25,235
13,465
445,613
65,973
62,031
122,568
127,403
39,103
12,901
15,634
408,687
117,801
27,250
191,843
32,863
25,404
13,527
450,253
66,344
62,753
124,079
128,724
39,473
13,050
15,828
416,018
120,173
27,718
194,783
33,536
25,939
13,869
454,888
67110
63,555
125,545
130,068
39,656
13,146
15,808
418,664
121,269
27,671
196,225
33,533
26,029
13,936
460,906
67 432
64,265
128,416
131,682
39,927
13,242
15,942
424,570
122,060
28,278
199,829
34,019
26,262
14,122
465,666
68 006
65,196
129,582
132,912
40,572
13,289
16,109
.6
.8
1.2
Southwest
Arizona
New Mexico
Oklahoma
Texas ...
600,186
91,126
31,338
62,584
415,138
610,071
92,654
31,706
63,506
422,205
619,471
94,329
32,014
64,167
428,961
628,078
95,380
32,251
64,978
435,469
644,274
97,701
32,771
66,605
447,197
655,280
99,266
33,242
67,061
455,712
666,804
100,940
33,449
67,492
464,924
674,515
102,821
33,724
67,052
470,919
690,325
104,442
34,004
68,201
483,678
697,217
106,471
34,395
68,479
487,873
705,714
108,167
34,732
69,242
493,573
1.0
1.9
1.1
.4
.9
1.2
1.6
1.0
1.1
1.2
Rocky Mountain
Colorado
Idaho ....
Montana
Utah
Wyoming
182,156
95,225
22,926
16,252
37,632
10,121
185,753
97,008
23,428
16,473
38,577
10,268
188,626
98,654
23,612
16,665
39,266
10,429
191,109
100,169
23,753
16,837
39,825
10,525
195,137
102,352
24,225
17,042
40,785
10,734
198,256
104,256
24,563
17,226
41,423
10,787
201,525
106,213
24,905
17,392
42,109
10,905
203,850
107,813
25,029
17,603
42,440
10,965
209,092
111,758
25,439
17,800
43,006
11,089
211,079
112,402
25,635
18,104
43,777
11,161
213,918
114,285
25,982
17,985
44,350
11,315
1.0
.6
.8
1.7
1.8
.6
1.3
1.7
1.4
-.7
1.3
1.4
1,203,772 1,215,753 1,232,287
15,763
15,698
15,828
884,237
877,393
896,215
30,900
30,985
31,205
46,984
46,188
47,888
80,267
81,023
81,775
153,261
156,827
159,375
1.0
-.4
.8
.3
1.7
.9
2.3
1.4
.8
1.4
.7
1.9
.9
1.6
Far West .
Alaska ...
California
Hawaii ..
Nevada ,
Oregon .,
Washington
1,070,844 1,087,117 1,102,112 1,118,664 1,138,403 1,156,030 1,171,168 1,183,167
14,627
14,837
14,631
14,751
15,352
14,986
15,229
15,230
802,404
814,814
781,805
793,055
861,047
828,319
841,373
853,328
29,642
29,824
29,570
29,756
30,162
30,704
30,390
30,659
39,971
41,977
40,990
42,754
43,660
44,297
45,470
44,670
70,917
72,387
75,017
73,855
76,524
77,276
78,275
79,090
133,954
136,412
139,368
141,418
144,753
147,465
148,960
151,549
p Preliminary.
r
Revised.
1. Percent changes are expressed at quarterly rates.
NOTE.—The personal income level shown for the United States is derived as the sum of the State estimates,
It differs from the estimate of personal income in the national income and product accounts (NIPA's) because of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability
of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal
civilian and military personnel stationed abroad and of U.S residents employed abroad temporarily by private U.S.
firms.
SURVEY OF CURRENT BUSINESS
24 • February 1999
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
United States
1997
Item
Line
New England
1997
1998
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
6,652,349 6,729,607 6,807,743 6,893,137 6,992,631 7,070,631 7,149,524
6,606,242 6,682,096 6,761,224 6,850,451 6,953,582 7,030,587 7,111,406
46,108
46,519
40,044
47,510
42,687
39,049
38,118
404,197
403,586
611
408,687
408,055
632
416,018
5,154,015 277,890 281,354
349,001 18,097 18,313
-4,146
5,541
5,515
4,800,868 265,333 268,556
1,195,773 73,912 74,197
1,152,883 60,812 61,444
19,139
1,494
1,398
1,133,744 59,318 60,046
285,001
18,538
5,656
272,119
292,076
19,012
400,057
399,481
575
418,664
418,142
424,570
424,025
545
429,059
428,493
566
293,593 298,720
19,148
19,474
5,795
6,035
278,796 280,240 285,281
302,347
19,686
6,145
288,806
415,444
574
521
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
4,717,528
319,056
-3,694
4,394,777
1,157,256
1,100,316
20,448
1,079,868
4,786,270
323,224
-3,776
4,459,271
1,163,612
1,106,724
19,444
1,087,280
4,855,971
327,692
-3,852
4,524,427
1,169,428
1.113,888
19,172
1,094,716
3,793.352
389,432
534,744
30,648
504,096
3,850,864
391,312
544,094
32,018
512,076
3.911,348 3,985,992 4,058,597 4,114,394 4,173,891
393,340 396,764 402,519 405,438 408,118
551,283 553,931 560,077 567,639 572,006
31,051
21,055
27,291
23,262
23,618
520,232 526,640 536,815 544,021 550,951
4,936,687
333,088
-3,925
4,599,673
1,173,016
1,120,448
18,944
1,101,504
5,021,193
340,434
-4,022
4,676,737
1,176,971
1,138,923
19,195
1,119,728
5,087,471
344,592
-4,075
4,738,804
1,186,108
1,145,719
19,183
1,126,536
5,731
76,104
64,148
60,721
74,643
62,580
1,336
61,243
225,469
23,141
29,280
221
29,059
228,512 231,690
23,131
23,143
29,710 30,169
257
280
29,453 29,889
238,107
23,496
30,473
225
30,248
238,989 243,430
23,543 23,797
31,060
31,493
164
173
30,896
31,320
246,500
23,902
31,945
179
31,766
575
277,315
243,895
1,499
225
13,740
52,216
35,082
17,135
14,907
17,803
24,719
611
280,743
247,080
1,537
233
632
284,369
250,449
1,595
236
13,932
53,830
36,498
17,333
15,464
18,527
25,207
29,208
92,450
33,920
5,414
1,244
27,262
574
291,502
257,280
1,617
242
521
293,072
259,117
1,698
244
14,962
54,874
37,115
17,759
16,465
19,361
25,714
31,125
94,674
33,954
5,481
1,204
27,269
545
298,175
566
301,782
263,414
266,749
1,786
261
15,386
54,982
62,098
1,377
74,892
75,480
63,531
63,809
1,309
62,500
1,373
62,158
1,287
62,862
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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
42,687
47.510
46,519
39,049
40,044
4,738,760 4,809,452 4,894,000 4,982,144 5,047,427
4,026,308 4,091,856 4,171,680 4,251,330 4,309,857
29,920
31,208
28,996
30,848
32,005
33,008
42,232
42,832
43,748
44,095
41,620
43,400
272,492 275,820 282,400 290,431 295,753
268,364
847,236 859,788 881,272 891,712
835,404
520,296 529,200 545,140 551,774 549,574
511,392
326,940 330,588 336,132 339,938 342,115
324,012
327,072 334,120
343,502 344,711
321.328
302,776 307,672 313,892 319,499 324,530
297,152
435,356 441,152 448,384 455,948 464,408
432,060
406,528 415,356 423,048 435,480 446,137
400,736
1,337,984 1,362.696 1,384,268 1,407,744 1,438,658 1,466,221
712,452 717,596 722,320 730,814 737,570
707,776
134,600 133,684 133,544 135,581 136,214
135,264
47,517
47,424
47,832
47,652
47,528
48,081
524,680
530,324 536,260 541,352 547,152 553,839
46,108
4,671,420
3,963,644
38,118
5,115,897
4,371,161
33,872
43,481
301,632
891,487
547,141
344,345
347,417
329,079
471,673
453,752
1,498,768
744,736
137,063
47,482
560,192
13,720
52,830
35,671
17,158
15,314
18,319
24,867
28,990
91,270
33,663
5,465
89,917
33,420
5,519
1,256
26,644
1,254
26,943
New Hampshire
I
II
IV
17,652
15,948
19,022
26,080
29,468
95,050
34,222
5,437
1,223
27,562
1997
1998
III
37,804
17,935
16,225
19,581
26,378
31,048
97,777
34,761
5,529
1,196
28,035
36,920
18,062
16,221
19,955
26,747
31,620
99,791
35,033
5,564
1,186
28,283
Rhode Island
1997
Line
14,397
55,456
1,741
255
15,175
55,234
37,299
IIr
I'
I
III''
II
1998
III
\r
IV
\\\P
IK
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
31,770
31,727
32,264
32,219
32,863
32,817
33,536
33,494
33,533
33,493
34,019
33,977
34,238
34,197
24,886
24,854
25,235
25,201
25,404
25,370
25,939
25,908
26,029
26,002
26,262
26,235
26,475
26,449
43
45
45
42
41
41
42
32
34
34
30
27
28
27
20,444
1,437
2,711
21,718
5,936
4,116
20,916
1,469
2,711
22,157
5,961
4,147
21,482
1,510
2J25
22,697
5,984
4,182
22,114
1,555
2,765
23,325
5,999
4,213
21,992
1,547
2,807
23,252
6,018
4,264
22,351
1,573
2,893
23,671
6,062
4,286
22,443
1,578
2,951
23,817
6,110
4,311
15,761
1,251
1,001
15,510
4,316
5,060
16,043
1,266
1,005
15,782
4,325
5,128
16,076
1,262
1,029
15,843
4,335
5,227
16,576
1,299
1,040
16,318
4,341
5,280
16,569
1,301
1,063
16,331
4,348
5,349
16,751
1,315
1,095
16,531
4,371
5,360
16,911
1,326
1,109
16,694
4,396
5,385
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
34
31
33
37
31
31
34
169
142
158
151
151
135
133
4,082
4,116
4,149
4,176
4,233
4,255
4,277
4,892
4,985
5,069
5,128
5,199
5,225
5,253
16,283
1,756
2,405
16,693
1,779
2,444
17,196
1,809
2,478
17,747
1,847
2.520
17,599
1,821
2,572
17,920
1,842
2,590
17,999
1,833
2,611
13,038
1,259
1,464
13,294
1,260
1,490
13,325
1,242
1,509
13,790
1,271
1,516
13,759
1,265
1,546
13,924
1,271
1,556
14,063
1,277
1,571
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income5
Farm proprietors' income
Nonfarm proprietors' income
17
18
19
15
13
13
12
21
23
23
20
16
16
15
2,388
2,426
2,459
2,505
2,558
2,577
2,599
1,442
1,466
1,485
1,496
1,529
1,540
1,556
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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
45
45
42
41
41
42
32
34
34
30
27
28
27
20.400
18,068
20,870
18,505
21,437
19,007
22,072
19,660
21,952
19,571
22,310
19,850
22,402
19,949
15,728
13,127
16,009
13,327
16,042
13,455
16,546
13,903
16,542
13,834
16,723
14.032
16,884
14,220
100
8
754
103
9
753
108
9
768
111
10
780
109
10
839
116
10
819
119
10
824
3,100
1,914
1,187
3,023
1,914
1,109
3,022
1,927
1,095
3,131
2,031
1,099
3,101
2,059
1,043
3,076
1,997
1,078
3,093
1,999
1,094
111
19
113
19
117
19
120
21
134
18
132
20
137
21
1,202
4,614
3,288
1,326
1,226
1,413
2,403
1,380
5,699
2,332
1,226
4.801
3,442
1,359
1,248
1,449
2,439
1,416
5,794
2,365
1,230
4.967
3,596
1,371
1,262
1,564
2,480
1,449
5,918
2,430
1,288
5,197
3,790
1,407
1,310
1,557
2,574
1,542
6,051
2,413
1,358
4,968
3,537
1,432
1,334
1,565
2,561
1,543
6,090
2,380
1,340
5,029
3,620
1,409
1,322
1,563
2,612
1,549
6,282
2,460
1,333
4,945
3,488
1,456
1.332
1,592
2,650
1,577
6,363
2,453
806
796
830
807
821
818
850
852
849
815
861
843
875
847
1,456
1,115
4,991
2,602
1,482
1.198
5,121
2,682
1,518
1,183
5,208
2,586
1,548
1,284
5,339
2,643
1,541
1,290
5,280
2,708
1,562
1,322
5,422
2,692
1,584
1,362
5,506
2,664
381
44
376
44
380
44
390
44
398
42
400
42
393
42
533
230
536
231
536
224
532
219
537
221
543
223
549
217
1,907
1,946
2,006
1,979
1,940
2,018
2,017
1,838
1,916
1,826
1,892
1,950
1,926
1,898
SURVEY OF CURRENT BUSINESS
February 1999
and Earnings by Industry, 1997:1-1998:111'
adjusted at annual rates]
Connecticut
Maine
1997
I
II
III
IV
II'
I'
Massachusetts
1997
1998
II
I
III**
1997
1998
IV
III
1'
II'
1
III''
115,568
115,413
116,716
116,549
117,801
117,627
120,173
120,017
121,269
121,128
122,060
121,911
123,303
123,144
26,860
26,794
27,117
27,051
27,250
27,187
27,718
27,660
27,671
27,610
28,278
28,217
28,654
28,591
155
166
173
157
141
149
159
66
66
62
58
61
61
63
78,278
5,020
4,864
78,122
22,207
15,240
79,314
5,077
4,831
79,068
22,273
15,375
80,081
5,118
4,970
79,933
22,338
15,529
82,384
5,266
5,022
82,139
22,381
15,653
83,154
5,328
5,068
82,894
22,451
15,924
83,470
5,340
5,326
83,456
22,619
15,985
84,389
5,390
5,431
84,431
22,797
16,075
17,648
1,261
17,848
1,275
17,915
1,278
18,359
1,310
18,188
1,299
18,784
1,340
19,126
1,364
228
237
251
261
261
263
260
16,615
4,699
5,546
16,810
4,712
5,594
16,888
4,725
5,637
17,309
4,734
5,675
17,150
4,744
5,777
17,707
4,774
5,797
18,022
4,805
5,827
1998
II
III
IV
Line
II'
I'
III''
187,604
187,437
168
89,401
89,216
191,843
191,645
194,783
194,603
196,225
196,075
199,829
199,666
202,095
201,923
185
198
180
150
163
172
136,643
38,045
8,595
-3,350
26,100
34,237
29,064
140,230
8,738
-3,412
128,080
34,391
29,372
143,079
8,924
-3,449
130,706
34,485
29,592
144,098
9,013
-3,492
131,594
34,618
30,013
147,609
9,235
-3,632
134,742
34,919
30,169
149,574
9,348
-3,694
136,533
35,236
30,326
8,502
-3,339
124,801
34,073
28,730
383
347
339
332
344
308
295
116
110
100
95
104
90
83
740
719
701
674
694
700
699
14,857
15,028
15,190
15,321
15,580
15,677
15,779
5,431
5,485
5,537
5,580
5,673
5,707
5,744
27,990
28,345
28,671
28,919
29,319
29,469
29,627
63,219
6,587
8,471
64,092
6,593
8,628
64,738
6,573
8,770
66,790
6,706
8,887
67,319
6,767
9,068
67,568
6,731
9,171
68,315
6,748
9,327
14,058
1,526
2,063
14,245
1,522
2,081
14,306
1,502
2,107
14,708
1,524
2,127
14,521
1,500
2,168
15,010
1,541
2,233
15,296
1,558
2,272
111,677
12,937
11,186
13,922
114,855
11,233
14,142
117,487
11,341
14,251
118,206
11,382
14,510
121,293
11,597
14,719
122,981
11,662
14,931
11,215
13,751
59
70
77
61
43
47
54
-10
-10
-13
-17
-15
-19
-20
72
89
102
85
53
62
67
8,413
8,558
8,693
8,826
9,024
9,124
9,273
2,074
2,091
2,120
2,144
2,183
2,252
2,292
13,679
13,833
14,040
14,165
14,457
14,657
14,864
168
136,475
121,028
668
71
155
166
173
157
141
149
159
66
66
62
58
61
61
63
78,122
69,426
79,147
70,412
79,908
70,953
82,227
73,412
83,013
74,408
83,321
74,435
84,230
75,266
17,582
14,656
17,782
14,856
17,853
14,939
18,301
15,339
18,127
15,228
18,723
15,715
19,063
16,019
396
99
404
101
423
101
432
103
458
109
460
111
474
111
167
5
175
6
183
5
185
5
195
6
205
5
210
5
3,690
16,082
1,1,309
4,773
4,052
5,039
6,145
10,418
23,504
8,696
1,087
3,706
16,362
11,524
4,838
4,063
5,376
6,143
10,319
23,938
8,735
1,059
3,725
16,421
11,542
4,878
4,185
5,309
6,216
10,337
24,237
8,955
1,035
3,873
16,929
12,009
4,920
4,269
5,570
6,508
10,807
24,921
8,815
1,029
3,945
16,947
11,839
5,107
4,687
5,622
6,347
11,342
24,951
8,605
1,032
3,874
16,903
11,698
5,205
4,419
5,663
6,461
11,083
25,461
8,886
1,039
3,914
16,844
11,642
5,202
4,345
5,764
6,553
11,262
26,000
8,965
1,035
1,210
3,324
1,626
1,698
1,037
1.155
3,351
1,633
1,718
1,072
1,138
3,329
1,602
1,727
1,071
1,130
3,451
1,675
1,776
1,094
1,006
2,198
1,189
5,082
2,962
1,163
3,297
1,598
1,699
1,146
1,298
3,403
1,695
1,709
1,110
1,355
3,407
1,683
1,724
1,118
1,016
2,311
1,265
5,332
3,044
934
958
973
2,109
1,137
4,733
2,926
2,125
1,167
4,847
2,926
2,162
1,161
4,916
2,914
950
993
2,205
1,251
5,015
2,899
2,269
1,231
5,201
3,008
386
388
387
374
356
349
336
614
207
603
203
597
202
601
204
602
204
605
202
619
206
7,223
7,288
7,534
7,412
7,217
7,497
7,593
2,106
2,119
2,115
2,157
2,094
2,201
2,219
Vermont
II
1'
IV
180
150
163
172
142,899
126,970
143,948
127,995
147,446
131,156
149,402
132,932
681
75
702
78
708
79
734
78
755
86
774
90
6,254
23,423
15,800
7,622
7,574
9,263
11,694
14,371
48,950
15,574
2,656
6,444
24,215
16,474
7,741
7,591
9,387
11,836
14,559
49,556
15,665
2,632
6,672
24,799
16,880
7,919
7,878
9,551
12,238
14,111
50,935
15,929
2,651
6,949
24,538
16,583
7,955
7,883
9,947
12,057
15,181
50,628
15,953
2,675
7,089
24,852
16,847
8,005
7,951
10,037
12,450
15,326
52,610
16,290
2,698
7,202
24,674
16,646
8,028
7,993
10,254
12,606
15,608
53,732
16,470
2,722
347
346
346
342
340
340
344
12,434
12,572
12,687
12,936
12,938
13,252
13,404
II'
III*
13,368
13,257
13,465
13,350
13,527
13,407
13,869
13,761
13,936
13,835
14,122
14,019
14,294
14,190
111
115
119
107
102
103
103
9,117
9,189
9,217
9,564
9,591
9,754
9,903
626
76
630
.81
632
92
658
93
660
88
671
91
681
87
8,567
2,682
2,119
8,640
2,690
2,136
8,678
2,697
2,151
8,999
2,702
2,167
9,019
2,713
2,204
9,174
2,736
2,212
9,309
2,760
2,224
52
50
47
47
49
44
43
2,067
2,086
2,104
2,120
2,154
2,167
2,181
7,194
7,251
7,270
7,585
7,585
7,715
7,846
797
791
783
808
809
816
824
1,126
1,146
1,164
1,172
1,198
1,224
1,233
1997
1998
1998
II
III
IV
I'
II'
III''
1,286,623
1,285,141
1,482
1,294,001
1,292,500
1,501
1,307,359
1,305,850
1,509
1,325,111
1,323,707
1,403
1,339,594
1,338,223
1,371
1,356,951
1,355,521
1,430
1,371,887
1,370,428
1,459
904,991
60,630
-12,744
831,617
230,661
224,345
4,992
219,353
911,119
60,924
-12,614
837,582
231,373
225,046
4,746
220,299
923,974
941,320
61,723 \- 62,859
-12,911 " -12,888
849,343
865,573
232,058
232,513
225,958
227,025
4,634
4,636
221,324
222,389
953,031
969,163
63,87264,914
-13,164- •- -13,510
875,995
890,739
233,099
234,505
231,707
230,500
4,572
4,456
225,929
227,251
982,329
65,767
-13,651
902,911
236,008
232,968
4,317
228,651
-1,240
13,688
3,873
2,900
70
68
60
53
66
65
70
2,830
2,835
2,843
2,854
2,908
2,928
2,949
733,908
73,149
97,933
739,387
72,844
98,888
750,769
73,129
100,075
776,017
74,517
102,497
801,764
75,956
104,608
12,548
1,415
1,961
12,629
1,405
1,953
13,093
1,445
1,999
13,370
1,457
2,007
13,629
1,483
2,043
13,872
1,507
2,042
14,087
1,519
2,067
790,078
75,417
103,668
I
II
IV
III
1'
II'
20,461
20,368
20,535
20,444
20,984
20,890
21,253
21,177
21,592
21,520
21,854
21,776
22,123
22,048
93
91
94
76
72
78
75
15,923
15,986
1,001
-1,243
13,743
3,889
2,903
16,536
1,036
-1,322
14,177
3,905
2,902
16,834
1,056
-1,347
14,431
3,915
2,907
17,155
1,081
-1,383
14,692
3,927
2,973
17,422
1,098
-1,417
14,906
3,955
2,993
17,673
1,114
-1,440
15,120
3,985
3,018
995
63
67
72
60
53
53
51
342
359
371
276
216
228
210
65
62
66
48
43
48
44
1,079
1,092
1,112
1,145
1,171
1,182
97,591
98,530
99,705
100,524
102,281
103,440
104,399
1,896
1,890
1,933
1,959
2,000
1,994
2,023
1,482
903,508
764,381
3,811
2,112
41,182
129,886
65,101
64,786
58,265
54,774
69,501
121,867
282,983
139,127
34,747
4,167
100,214
1,501
909,618
767,611
3,839
2,186
41,162
131,034
65,438
65,596
59,470
55,623
69,768
118,344
286,185
142,007
34,764
4,184
103,060
1,509
922,465
780,968
3,971
2,228
41,291
132,110
65,536
66,574
60,954
56,362
70,590
123,224
290,238
141,497
34,750
4,194
102,553
1,403
939,916
797,202
4,136
2,256
42,278
135,930
67,958
67,972
61,818
57,481
71,951
125,494
295,859
142,714
34,724
4,188
103,803
1,371
951,659
808,034
4,190
2,252
43,794
136,920
68,381
68,539
61,447
58,597
72,477
128,187
300,169
143,625
35,175
4,240
104,210
1,430
967,732
822,291
4,252
2,283
44,035
138,157
68,659
69,498
62,279
59,487
73,268
131,313
307,217
145,441
35,233
4,197
106,011
1,459
980,870
834,187
4,346
2,301
44,963
137,984
68,210
69,774
62,761
60,297
74,502
133,189
313,844
146,683
35,423
4,230
107,030
111
115
119
107
102
103
103
9,074
7,694
9,098
7,728
9,457
7,995
9,490
8,081
9,651
8,226
9,800
8,362
58
21
617
59
23
625
61
23
627
62
24
655
67
23
708
71
24
754
73
25
757
1,894
1,381
1,870
1,358
1,877
1,356
1,950
1,418
2,022
1,499
1,971
1,442
2,019
1,462
513
515
462
974
498
512
527
466
984
519
520
534
476
997
519
532
547
487
523
566
462
529
561
481
558
558
482
1,025
1,044
2,552
1,417
2,620
1,380
2,616
1,369
1,013
1,003
535
519
537
546
2,723
1,461
2,709
1,409
2,801
1,425
2,859
1,438
238
41
237
41
236
41
234
40
238
41
243
40
246
40
1,137
1,103
1,093
1,187
1,129
1,142
1,152
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
III*
1,063
9,006
7,590
12
13
14
15
16
Line
I
766,663
73,857
100,800
4
5
6
7
8
9
10
11
Delaware
1997
1998
III
198
140,032
124,367
Mideast
1997
1
6,268
23,202
15,564
7,638
7,271
9,158
11,632
14,321
48,437
15,447
2,666
185
37,860
22,286
1
2
3
93
91
94
76
72
78
75
15,830
13,866
15,896
13,940
16,442
14,462
16,758
14,775
17,083
15,047
17,344
15,294
17,598
15,522
64
8
66
9
68
9
70
9
72
9
76
9
79
9
1,207
4,316
1,090
4,189
1,141
4,398
1,153
4,376
1,222
4,476
1,149
4,759
1,023
3,736
1,198
4,762
1,030
3,732
859
823
923
968
991
3,458
3,367
3,476
3,408
3,485
696
607
710
616
733
624
758
649
788
637
752
658
765
664
1,390
2,425
4,030
2,035
1,407
2,383
4,102
2,050
1,433
2,419
4,194
2,076
1,340
2,007
3,620
1,964
1,332
2,249
3,679
1,956
1,355
2,296
3,838
1,980
1,375
2,446
3,940
1,983
253
166
248
164
246
162
246
160
250
162
251
159
254
159
1,546
1,544
1,572
1,576
1,624
1,640
1,663
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
26 • February 1999
SURVEY OF CURRENT BUSINESS
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
District of Columbia
Item
Line
Maryland
1997
I
1998
II
III
IV
I'
1997
II'-
I
III*
1998
II
III
IV
\r
II r
III''
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
18.518
18.518
18,556
18,556
18.785
18,785
18,810
18,810
19,106
19,106
19,288
19,288
19,442
19,442
143,530
143,297
145,008
144,773
146,626
146,388
149,076
148,859
150,167
149,961
152,551
152,330
154,358
154,138
0
0
0
0
0
0
0
234
235
238
216
206
221
220
34,810
2,250
-21,097
11,464
3,157
3,897
34,600
2,235
-20,896
11,470
3,139
3,947
35,318
2,285
-21,355
11,678
3,125
3,982
35,079
2,266
-21,132
11,681
3,118
4,010
36,093
2,342
-21,818
11,932
3,120
4,054
36,517
2,368
-22,058
12,092
3,131
4,065
36,823
2,385
-22,221
12,218
3,143
4,081
89,519
6,117
13,880
97,282
25,174
21,075
90,843
6,200
13,754
98,398
25,284
21,326
91,829
6,258
14,081
99,652
25,388
21,586
94,311
6,425
13,958
101,844
25,455
21,776
94,555
6,460
14,435
102,530
25,528
22,109
96,616
6,599
14,580
104,597
25,707
22,247
98,087
6,696
14,714
106,105
25,898
22,356
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
69
73
67
64
64
60
58
344
332
346
343
328
335
306
3,828
3,874
3,915
3,946
3.990
4,006
4,023
20,731
20,994
21,240
21,433
21,782
21,912
22,050
29,929
2,642
2,240
29,734
2,601
2,265
30,397
2,632
2,289
30,192
2,582
2,304
31,095
2,660
2,338
31,478
2,677
2,362
31.753
2,680
2,391
74,489
7,010
8,020
75,667
7,036
8,140
76,531
7,036
8,262
78,784
7,178
8,349
78,904
7,167
8,484
80,726
7,299
8,591
82,043
7,357
8,687
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income5
Farm proprietors' income
Nonfarm proprietors' income
,
0
0
0
0
0
0
0
119
120
123
103
90
100
94
2,240
2,265
2,289
2,304
2,338
2,362
2,391
7,901
8,019
8,138
8,246
8,394
8,490
8,593
Earnings by Industry
Farm earnings ..
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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
0
0
0
0
0
0
0
234
235
238
216
206
221
220
34,810
20,762
34,600
20,492
35.318
21,039
35,079
20,951
36,093
21,776
36,517
22,137
36,823
22,347
89,285
70,359
90,608
71,339
91,591
72,246
94,095
74,628
94,349
74,683
96,395
76,355
97,867
77,483
331
17
412
953
126
827
298
13
400
957
107
849
339
18
426
989
115
874
424
18
428
961
124
837
312
15
409
998
129
869
300
17
418
304
17
419
1,036
1,024
1,357
1,302
1.332
1,396
1,456
148
887
129
895
1,281
1.276
309
883
289
868
323
869
324
850
321
882
327
867
328
892
1,971
14,530
14,049
11,476
1,970
14,395
14,109
11,559
2.039
14,705
14,278
11,635
2,014
14,536
14,127
11,579
2,014
15,369
14,317
11,702
2,232
15,660
14,380
11,711
2.056
16,030
14,477
11,789
727
726
727
733
742
739
742
1,846
1.824
1,916
1,816
1,872
1,931
1,945
500
80
507
82
516
80
535
82
544
91
554
90
567
89
6,194
8.163
4,381
3,782
5,172
5,023
8,573
7,119
29,534
18,927
7,809
1,328
9,789
6,219
8,240
4,430
3,810
5,237
5,126
8,557
7,309
30,061
19,270
7,897
1,357
10,016
6,206
8,376
4,544
3,832
5,320
5,230
8,672
7,432
30,413
19,345
7,932
1.357
10,056
6,343
8,934
4,970
3,964
5,460
5,330
8,897
7,936
31,111
19,468
7,948
1,354
10,165
6,478
9,115
5,068
4,047
5,449
5,334
8,929
7,291
31,452
19,666
8,160
1,377
10,130
6,508
9,127
5,137
3,990
5,519
5,396
9,052
8,159
31,951
20,040
8,151
1,353
10,536
6,645
8,976
4,959
4,016
5,552
5,431
9,161
8,291
32,771
20,385
8,188
1,362
10,835
Great Lakes
Illinois
1997
Line
1998
1997
1998
\\\P
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
1,089,826 1,102,775 1,112,544 1,128,280 1,143,889 1,151,924 1,161,979
1,084,513
5,313
1,097,258
5,517
782,786
52,481
186,341
170,121
3,694
166,427
794,891
53,231
3,086
744,746
186,863
171,167
3,477
167,689
803,523
i £3,795
s
.3,120
752,848
187,370
172,326
3,413
168,913
818,925
54,804
3,156
767,277
187,689
173,314
3.356
644,713
68,512
69,560
3.461
66.099
654,841
69,434
70,617
3,668
66,948
662,547
676,402
70,957
71,565
3,213
68,352
688,410
71,986
72,170
2,570
69,600
5,517
5,274
798,249
696,975
3,753
2,473
45,187
211,527
146,846
64,681
49,056
5,079
4,483
828,083
725,073
3,896
2,563
47,713
220,580
152,777
67,803
50,270
333,773 338,659
331,896 336,957
342,267
340,688
1,579
345,941
344,405
349,873
348,393
1,536
1,480
251,008
254,156
16,494
-638
237,024
60,984
257,614
16,708
-675
240,232
61,491
48,150
1,029
47,121
325,755
323,903
1,852
330,778
328,873
1,905
1,877
1,701
240,570 243,224
15,716
15,543
248,082
16,043
-603
-633
226,905
60,142
46,726
174,261
235,642
15,229
-525
219,888
59,628
46,239
1,224
45,015
1,152
45,575
231,406
60,293
46,960
1,124
45,836
16,302
-630
234,077
60,503
47,687
1,124
46,563
693,891
71,976
72,798
2,384
70,414
700,655
72,027
73,228
2,097
71,131
190,418
19,976
25,248
1,524
23,724
194,669
20,245
25,656
1,576
24,080
197,099
20,284
25,841
1,546
24,295
201,656
20,547
25,880
1,370
24,510
204,131
20,671
26,206
1,239
24,967
206,838
1,182
25,342
209,860
20,938
26,816
1,113
25,703
4,375
834,291
4,165
841,745
729,916
1,852
233,790
204,649
1,081
747
12,873
45,871
27,678
18,193
17,044
16,964
19,323
23,229
67,517
29,141
4,670
1,877
1,905
238,665 241,348
209,192 211,721
1,142
1,116
1,701
736,419
4,227
1,579
249,429
219,347
1,196
692
13,519
49,235
29,701
19,534
18,252
18,173
20,010
25,374
72,897
30,082
4,657
1,260
24,165
1,536
252,620
222,017
1,256
679
13,844
49,097
29,557
19,541
18,282
18,333
20,853
25,473
74,198
30,603
1,480
256,134
225,209
1,289
684
13,917
49,468
29,901
19,567
18,351
18,474
21,073
25,964
75,991
30,925
4,691
4,690
1,219
24,694
1,276
24,958
1,107,270 1,123,201 1,139,406
5,274
5,079
4,483
1,147,550
4,375
1,157,815
4,165
832,567
: 55,989
838,666
56,352
3,283
845,910
56,806
3,354
792,458
191,335
178,187
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits .
3,059
733,364
3,208
779,786
188,333
175,769
3,379
172,391
785,597
189,792
176,534
3,235
173,299
3,926
-590
224,437
59,894
46,447
1,154
45,293
47,934
1,100
46,834
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
71,044
3,422
67,622
20,794
26,524
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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.
5.313
777,473
677,638
3,541
2,472
44,439
206,573
143,089
63,485
47,114
51,393
68,943
56,038
197,124
99,835
14,386
2,485
82,964
789,374
689,187
3,654
2,546
45,361
209,143
145,029
64,114
48,355
52,243
69,299
57,879
200,707
100,188
14,241
2,441
83,505
52,879
70,211
58,275
203,613
101,274
14,109
2,523
84,641
813,846
711,826
3,826
2,566
46,559
217,062
151,243
65,818
54,133
71,462
59,225
207,046
102,020
14,050
2,485
85,484
55,251
72,801
60,939
211,059
103,011
14,306
2,538
86,167
4,116
2,503
48,322
217,791
150,600
67,191
50,510
56,114
74,591
61,503
214,465
104,375
14,389
2,481
87,505
2,513
48,513
216,632
149,184
67,449
50,602
56,792
75,628
62,532
218,980
105,326
14,486
2,529
88,311
1,192
23,279
751
13,320
47,195
28,683
18,512
17,676
17,243
19,348
23,842
68,702
29,473
4,615
1,157
23,701
713
12,915
48,435
29,564
18,871
17,948
17,339
19,712
24,036
29,627
4,579
1,235
23,812
246,381
216,506
1,170
731
13,503
49,632
30,340
19,292
17,802
19,867
24,540
70,863
29,875
4,569
1,211
24,095
February 1999 •
SURVEY OF CURRENT BUSINESS
2J
and Earnings by Industry, 1997:1-1998:1111—Continued
adjusted at annual rates]
New York
New Jersey
1997
I
II
III
IV
II r
I'
Pennsylvania
1997
1998
I
III*
1997
1998
II
III
IV
\r
I
\\\P
II'-
II
1998
III
IV
\r
Line
Ilk
II"
256,574
256,369
257,195
256,988
260,425
260,217
264,072
263,879
269,248
269,063
269,621
269,430
272,697
272,502
543,202
542,848
545,785
545,420
551,121
550,755
558,018
557,680
562,883
562,547
573,893
573,545
580,113
579,747
304,338
303,741
306,921
306,318
309,418
308,814
313,883
313,303
316,598
316,026
319,746
319,152
323,155
322,551
205
207
208
194
185
190
195
354
365
365
338
336
348
365
597
603
604
580
572
594
604
1
2
3
169,637
11,890
14,801
172,548
49,420
34,606
1,217
33,389
169,629
11,832
14,943
172,740
49,632
34,824
1,119
33,705
172,326
11,993
15,175
175,508
49,828
35,090
1,084
34,006
175,475
12,192
15,497
178,780
49,953
35,339
1,083
34,256
180,556
12,616
15,291
183,231
50,073
35,944
1,147
34,797
179,290
12,493
16,363
183,160
50,374
36,087
1,088
34,999
181,901
12,665
16,584
185,820
50,695
36,182
35,213
390,340
25,207
-20,850
344,283
94,983
103,935
1,830
102,105
392,871
25,319
-20,879
346,672
95,305
103,808
1,740
102,068
398,649
25,659
-21,293
351,698
95,609
103,814
1,668
102,146
406,001
26,127
-21,686
358,188
95,804
104,025
1,614
102,412
409,119
26,394
-21,641
361,084
96,044
105,755
1,606
104,150
421,045
27,197
-22,877
370,971
96,612
106,310
1,511
104,799
426,722
27,554
-23,235
375,934
97,216
106,963
1,477
105,486
204,761
14,170
1,762
192,352
54,053
57,933
1,462
56,470
207,190
14,338
1,708
194,560
54,124
58,238
1,415
56,823
209,316
14,490
1,804
196,630
54,204
58,583
1,410
57,174
213,619
14,792
1,822
200,649
54,267
58,967
1,479
57,488
215,553
14,979
1,951
202,526
54,407
59,665
1,361
58,303
218,273
15,158
1,899
205,014
54,727
60,005
1,397
58,608
221,123
15,354
1,947
207,716
55,072
60,368
1,437
58,930
4
5
6
7
8
9
10
11
139,190
13,902
16,545
139,201
13,720
16,708
141,690
13,787
16,849
144,619
13,892
16,964
149,078
14,227
17,251
147,840
14,025
17,425
150,116
14,144
17,641
314,707
29,798
45,835
316,839
29,668
46,363
321,710
29,838
47,101
328,440
30,118
47,443
330,547
30,253
48,319
341,080
31,047
48,918
346,124
31,273
49,325
163,046
18,382
23,332
165,316
18,414
23,460
167,349
18,391
23,576
171,257
18,631
23,732
172,765
18,726
24,062
175,081
18,862
24,331
177,642
18,983
24,497
12
13
14
15
16
970
63
65
66
53
41
40
39
-60
-48
-47
-70
-82
-87
-86
155
160
162
142
123
127
119
16,482
16,643
16,783
16,912
17,209
17,385
17,602
45,894
46,411
47,147
47,513
48,401
49,005
49,411
23,177
23,300
23,414
23,590
23,939
24,204
24,378
205
207
208
194
185
190
195
354
365
365
338
336
348
365
597
603
604
580
572
594
604
169,432
145,457
169,422
145,337
172,118
148,020
175,282
150,923
180,370
155,208
179,099
153,848
181,706
156,396
389,987
335,491
1,263
392,505
336,028
1,279
398,284
342,637
1,309
405,663
348,973
1,332
408,783
352,573
1,406
420,697
363,505
1,434
426,357
368,957
1,462
204,163
178,447
206,587
180,476
208,712
182,563
934
958
986
1,460
11,884
42,561
24,999
17,562
13,963
11,686
19,174
15,773
61,011
25,717
5,184
1,524
11,837
43,120
25,323
17,797
14,136
11,886
19,214
15,944
61,856
26,111
5,144
1,524
11,789
43,212
25,180
18,032
14,363
12,055
19,414
15,950
63,269
26,150
5,114
213,039
186,953
1,016
1,568
12,003
44,933
25,948
18,985
14,624
12,393
19,651
16,242
64,522
26,087
5,145
214,981
188,747
1,056
1,555
12,176
44,655
26,097
18,558
14,841
12,517
19,755
17,217
64,974
26,235
5,186
217,679
191,152
1,088
1,578
12,415
44,913
25,950
18,963
14,874
12,738
20,013
17,162
66,369
26,528
5,244
220,519
193,482
1,114
1,584
12,450
44,980
25,870
19,110
14,965
12,874
20,372
17,434
67,709
27,036
5,270
718
227
731
232
752
235
760
244
800
259
799
250
821
255
7,747
26,226
9,469
16,756
14,707
14,858
13,536
15,812
51,627
23,975
3,377
7,745
26,644
9,582
17,062
14,932
15,005
13,533
14,275
52,241
24,085
3,347
7,725
26,942
9,602
17,340
15,214
15,221
13,705
15,214
53,012
24,098
3,315
7,878
27,382
9,805
17,577
15,347
15,517
13,901
15,800
54,094
24,359
3,313
8,141
27,597
9,806
17,792
14,811
16,145
14,260
17,846
55,350
25,162
3,309
8,086
27,535
9,497
18,038
14,898
16,242
14,220
15,731
56,086
25,251
3,317
8,267
27,733
9,478
18,255
15,085
16,474
14,458
15,951
57,351
25,309
3,342
320
327
362
335
323
340
347
13,738
47,667
25,266
22,401
22,369
22,292
25,995
79,185
122,661
54,496
6,648
13,871
47,883
25,173
22,711
23,153
22,701
26,264
76,597
123,953
56,477
6,568
14,004
48,194
25,173
23,021
23,991
22,908
26,575
80,294
125,002
55,647
6,508
14,474
49,344
26,142
23,202
24,233
23,267
27,276
81,055
127,656
56,691
6,492
15,368
50,079
26,291
23,789
24,103
23,644
27,260
81,394
128,995
56,210
6,568
15,459
50,788
26,903
23,885
24,954
24,127
27,709
85,646
133,049
57,192
6,559
15,983
50,510
26,744
23,766
25,117
24,525
28,186
87,039
135,789
57,400
6,580
503
509
516
516
518
510
531
895
892
898
898
912
919
917
549
536
534
526
529
518
520
20,095
20,228
20,268
20,530
21,335
21,424
21,437
46,954
49,017
48,242
49,300
48,729
49,715
49,903
19,984
20,431
20,501
20,415
20,520
20,765
21,247
Michigan
Indiana
1997
\r
I
II
III
IV
133,922
132,883
1,040
135,332
134,216
1,116
136,081
135,021
1,060
138,446
137,343
1,103
140,458
139,490
141,670
140,721
141,744
140,838
240,721
240,178
968
949
906
543
97,157
6,602
2,342
92,897
20,923
20,102
98,405
6,676
2,405
94,133
21,014
20,185
98,962
6,710
2,441
94,693
21,098
20,291
101,318
6,862
2,484
96,940
21,148
20,358
103,126
7,024
2,500
98,602
21,228
20,628
104,091
7,089
2,528
99,531
21,399
20,740
103,676
7,054
2,617
99,239
21,580
20,926
II'
Ohio
1997
1998
III*
I
II
1998
ll r
f
1997
III
IV
242,939
242,391
245,346
244,798
248,308
247,767
254,542
254,004
254,743
254,186
256,462
255,900
548
548
541
538
557
563
172,689
11,622
174,701
11,737
176,931
11,874
179,786
12,051
185,785
12,5t4
185,514
12,481
186,223
12,522
717
728
736
760
746
769
779
161,784
41,164
37,773
163,692
41,110
38,136
165,794
41,077
38,476
168,496
41,061
38,752
174,017
41,203
39,321
173,802
41,529
39,412
III'
254
246
259
236
237
249
329
975
932
893
876
925
822
19,848
19,939
20,032
20,123
20,391
20,491
20,597
36,797
37,204
37,582
37,876
38,396
38,590
174,480
41,872
40,110
1,314
38,796
79,025
8,780
9,352
80,028
8,879
9,497
80,534
8,904
9,524
82,549
9,085
9,685
84,179
9,250
9,696
85,074
9,271
9,747
84,797
9,139
9,740
145,891
15,779
11,019
147,366
16,138
11,196
149,117
16,456
11,359
151,570
16,727
11,489
156,801
17,313
11,671
156,617
17,128
11,770
157,382
17,030
11,811
820
896
840
882
741
713
661
63
71
71
58
42
41
27
8,532
8,601
8,684
8,803
8,955
9,034
9,079
10,956
11,126
11,288
11,432
11,629
11,728
11,784
1,040
96,118
84,526
1,116
97,288
85,554
1,060
97,901
86,151
1,103
100,215
88,246
968
949
906
543
548
548
541
538
557
563
102,158
90,196
103,143
90,887
102,770
90,528
172,146
149,675
174,153
151,807
176,383
153,491
179,245
156,213
185,247
161,743
184,957
161,476
185,660
161,964
1998
Line
I
II
III
IV
266,513
264,906
1,606
269,357
267,720
1,637
271,661
270,169
1,492
275,434
273,866
1,568
278,763
277,413
1,349
280,134
278,830
1,304
283,012
281,820
1,192
1
2
3
190,785
13,366
-1,404
176,016
43,026
47,471
193,380
13,530
-1,434
178,416
43,205
47,735
195,381
13,669
-1,458
180,254
43,373
48,034
199,058
13,907
-1,504
183,648
43,480
48,306
201,903
14,179
-1,523
186,201
43,609
48,953
202,776
14,227
-1,515
187,034
43,908
49,192
205,077
14,387
-1,535
189,155
44,227
49,631
4
5
6
7
8
9
10
11
II'-
III*
759
687
658
648
627
616
791
46,713
47,049
47,376
47,658
48,326
48,575
48,839
157,426
15,830
17,529
1,334
16,195
159,674
15,987
17,720
1,365
16,355
161,591
16,078
17,712
1,218
16,493
164,799
16,301
17,958
1,294
16,664
167,394
16,478
18,032
1,068
16,964
168,203
16,427
18,146
1,011
17,135
170,372
16,510
18,196
1,606
189,179
164,125
1,637
191,743
166,744
1,492
193,889
168,601
1,568
197,490
172,353
1,349
200,554
174,826
1,304
201,473
175,595
1,192
203,885
177,681
888
17,308
403
387
426
402
439
399
450
424
453
419
477
399
491
402
763
423
776
433
801
427
816
437
824
480
878
454
905
455
836
791
853
832
874
806
889
841
919
835
953
829
978
831
6,396
30,458
21,604
8,853
5,765
5,502
9,123
5,565
20,928
11,591
1,766
6,435
30,673
21,947
8,726
5,866
5,582
9,164
5,740
21,265
11,734
1,725
6,431
30,826
21,948
8,878
5,900
5,629
9,229
5,813
21,485
11,750
1,699
6,760
31,726
22,767
8,959
6,052
5,781
9,378
5,922
21,753
11,970
1,694
7,007
32,784
23,173
9,611
6,141
5,807
9,523
5,946
22,116
11,962
1,711
7,060
32,412
23,103
9,309
6,145
5,923
9,619
6,101
22,751
12,255
1,726
6,981
31,525
22,217
9,307
6,123
6,008
9,762
6,224
23,012
12,242
1,735
8,993
54,196
43,037
11,159
8,664
11,017
14,623
9,410
41,585
22,471
2,587
9,208
54,433
43,349
11,084
8,853
11,172
14,834
9,782
42,318
22,345
2,558
9,383
54,997
43,848
11,149
8,892
11,388
14,973
9,547
43,085
22,892
2,535
9,564
55,971
44,620
11,351
8,983
11,642
15,539
9,706
43,555
23,032
2,498
9,938
58,733
47,145
11,588
9,172
12,008
16,020
10,215
44,353
23,505
2,622
9,989
57,355
45,708
11,647
9,188
12,400
16,485
10,168
44,558
23,482
2,629
9,941
56,417
44,791
11,626
9,190
12,543
16,748
10,224
45,540
23,697
2,667
10,652
51,543
35,567
15,976
10,589
12,587
18,009
12,007
47,112
25,054
4,113
10,783
51,862
35,634
16,227
10,841
12,866
18,029
12,559
48,120
24,999
4,094
10,850
52,102
35,831
16,271
11,072
13,021
18,290
12,653
48,933
25,288
4,059
11,003
53,760
37,275
16,485
11,232
13,279
18,511
12,959
49,879
25,137
4,045
11,322
54,013
36,750
17,263
11,443
13,583
19,016
13,269
50,426
25,728
4,057
11,388
53,240
36,250
16,990
11,420
13,720
19,147
13,522
51,375
25,877
4,074
11,510
53,449
36,404
17,046
11,434
13,916
19,417
13,731
52,414
26,204
4,114
226
224
226
224
225
222
221
253
252
252
250
249
249
248
628
620
618
608
610
598
593
9,599
9,785
9,826
10,052
10,026
10,308
10,285
19,632
19,535
20,104
20,284
20,633
20,604
20,782
20,313
20,286
20,612
20,485
21,061
21,205
21,497
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
28 • February 1999
SURVEY OF CURRENT BUSINESS
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Wisconsin
Item
Line
Plains
1997
I
1998
II
III
IV
\r
IK
1997
III''
1998
I
II
III
IV
439,487
429,875
9,611
445,613
435,812
9,802
450,253
440,715
9,538
454,888
446,495
8,393
324,291
22,965
-3,731
297,595
78,793
69,226
1,019
68,206
328,179
23,263
-3,779
301,137
79,447
69,668
1,002
68,666
332,468
23,641
-3,851
304,976
79,849
70,063
K
IK
III*
460,906
453,274
7,632
465,666
458,108
7,558
469,782
462,783
6,999
342,019
24,476
-3,985
313,557
80,627
71,481
345,476
24,749
-4,031
316,696
81,205
71,881
973
959
69,075
337,786
24,177
-3,928
309,681
80,081
71,145
1,026
70,119
70,509
70,922
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
122,915
122,643
124,369
124,059
125,683
125,386
127,433
127,268
127,860
127,809
129,436
129,407
130,887
130,864
272
310
297
165
50
29
24
86,512
5,662
1,929
82,779
21,599
18,536
87,835
5,745
1,977
84,067
21,639
18,663
89,025
5,826
2,004
85,203
21,681
18,800
90,680
5,941
2,050
86,788
21,707
18,938
90,745
5,970
2,114
86,889
21,790
19,180
92,128
6,060
2,139
88,207
21,972
19,257
93,320
6,135
2,168
89,353
22,165
19,370
:
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
483
459
452
472
465
448
463
18,054
18,204
18,348
18,466
18,715
18,809
18,907
318,899
22,583
-3,688
292,628
78,050
68,809
1,067
67,742
71,954
8,146
6,412
-280
6,692
73,103
8,185
6,548
-238
6,786
74,206
8,210
6,609
-253
6,861
75,828
8,297
6,554
-390
6,944
75,905
8,274
6,565
-519
7,085
77,160
8,356
6,611
-563
7,175
78,245
8,410
6,665
-592
7,257
253,811
27,189
37,899
7,964
29,935
258,261
27,367
38,662
8,160
30,502
261,796
27,461
38,922
7,900
31,022
266,520
27,680
38,268
6,754
31,514
271,588
28,073
38,125
5,952
32,172
275,317
28,323
38,379
5,810
32,570
278,846
28,461
38,168
5,183
32,985
9,611
309,287
263,253
1,875
1,558
19,313
61,195
35,865
25,330
24,388
22,866
29,879
22,710
79,469
46,035
7,822
2,487
35,725
9,802
314,489
267,919
1,945
1,623
19,746
61,873
36,665
25,208
24,242
23,313
30,261
23,838
81,079
46,570
7,816
2,461
36,293
9,538
318,641
271,711
2,015
1,613
19,928
62,909
37,147
25,762
24,477
23,554
30,691
24,124
82,400
46,930
7,746
2,455
36,729
8,393
324,075
277,427
2,041
1,652
20,507
64,765
38,542
26,223
24,701
24,121
31,104
24,528
84,008
46,648
7,700
2,435
36,513
7,632
330,153
282,509
2,103
1,618
21,260
64,959
38,755
26,204
25,063
24,236
31,963
25,259
86,048
47,644
7,863
2,452
37,329
7,558
334,461
286,754
2,227
1,656
21,512
65,629
39,072
26,557
25,186
24,530
32,245
26,369
87,399
47,707
7,939
2,410
37,358
6,999
338,477
290,412
2,287
1,625
21,993
65,752
38,758
26,994
25,149
24,833
32,867
26,836
89,069
48,065
8,029
2,408
37,629
988
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
Earnings by Industry
Farm earnings ...
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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
272
310
297
165
50
29
24
86,240
74,663
87,525
75,890
88,728
77,011
90,515
78,509
90,695
78,961
92,099
79,941
93,296
81,038
457
124
484
128
497
128
502
133
504
137
552
142
565
141
5,525
24,505
15,202
9,303
5,053
5,323
7,866
5,828
19,982
11,577
1,250
5,615
24,981
15,416
9,565
5,120
5,381
7,924
5,955
20,303
11,635
1,250
5,608
25,168
15,655
9,513
5,244
5,503
8,007
6,226
20,630
11,717
1,238
5,729
25,973
16,242
9,731
5,281
5,630
8,167
6,097
20,996
12,006
1,245
5,927
25,816
16,008
9,808
5,261
5,680
8,234
6,135
21,267
11,734
1,258
6,040
25,686
15,982
9,704
5,475
5,738
8,487
6,239
21,581
12,158
1,270
6,164
25,774
15,871
9,902
5,503
5,850
8,628
6,389
22,023
12,258
1,279
186
188
192
193
194
193
191
10,141
10,197
10,287
10,568
10,282
10,695
10,788
Missouri
Nebraska
1997
Item
Line
1997
1998
1998
I
II
III
IV
126,407
125,311
1,096
127,403
126,274
1,129
128,724
127,608
1,116
130,068
129,034
1,035
131,682
130,733
132,912
131,956
134,052
133,174
950
956
879
38,546
36,978
1,568
39,103
37,437
1,666
39,473
37,858
1,616
39,656
38,254
1,402
39,927
38,623
1,305
40,572
39,247
1,325
40,959
39,694
1,265
91,208
6,242
-3,411
81,554
23,182
21,671
91,860
6,283
-3,364
82,213
23,324
21,866
92,944
6,359
-3,396
83,188
23,453
22,084
94,178
6,446
-3,422
84,310
23,531
22,227
95,515
6,575
-3,469
85,471
23,610
22,601
96,491
6,636
-3,480
86,375
23,777
22,759
97,407
6,698
-3,499
87,210
23,953
22,889
28,460
2,035
-534
25,890
6,906
5,749
28,883
2,058
-533
26,293
7,024
5,786
29,135
2,081
-539
26,515
7,126
5,833
29,244
2,105
-540
26,599
7,189
5,869
29,442
2,131
-542
26,769
7,200
5,959
30,075
2,175
-559
27,341
7,232
5,999
30,428
2,204
-569
27,655
7,267
6,037
K
IK
I
III*
II
IV
III
K
IK
III*
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits .
263
246
262
240
263
290
281
45
40
45
43
41
46
47
21,408
21,620
21,822
21,988
22,338
22,469
22,608
5,704
5,747
5,788
5,825
5,919
5,953
5,990
74,027
8,105
9,075
74,581
8,083
9,195
75,542
8,123
9,279
76,715
8,173
9,289
77,952
8,259
9,304
78,796
8,307
9,388
79,654
8,327
9,426
21,952
2,344
4,164
1,284
2,880
22,190
2,331
4,363
1,383
2,980
22,426
2,325
4,384
1,334
3,050
22,708
2,325
4,210
1,123
3,088
22,902
2,329
4,211
1,018
3,193
23,410
2,374
4,291
1,026
3,264
23,760
2,395
4,274
1,568
26,891
22,277
1,666
27,217
22,560
1,616
27,519
22,859
1,402
27,841
23,195
1,305
28,137
23,429
1,325
28,750
23,992
1,265
29,163
24,352
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
895
928
915
833
743
741
655
8,180
8,266
8,363
8,456
8,561
8,647
8,770
1,096
90,111
77,594
1,129
90,730
78,073
1,116
91,828
79,124
1,035
93,143
80,474
950
956
879
94,565
81,575
95,536
82,404
96,528
83,363
955
3,319
Earnings by Industry
Farm earnings ..
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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.
434
229
451
241
463
240
468
244
479
256
512
285
526
259
267
62
281
65
297
64
299
65
311
64
325
66
334
67
5,970
17,898
9,973
7,925
7,728
6,250
8,501
6,541
24,042
12,517
2,817
5,958
17,718
9,995
7,722
7,674
6,334
8,596
6,720
24,380
12,657
2,829
5,983
18,151
10,163
7,989
7,743
6,364
8,704
6,798
24,678
12,703
2,769
6,091
18,504
10,471
8,033
7,856
6,466
8,783
6,939
25,123
12,669
2,702
6,119
18,289
10,358
7,932
7,914
6,537
8,997
7,217
25,766
12,990
2,782
6,194
18,484
10,519
7,965
7,865
6,668
9,069
7,325
26,003
13,131
2,829
6,451
18,360
10,347
8,013
7,855
6,779
9,218
7,504
26,413
13,165
2,866
1,617
3,978
1,994
1,984
2,980
1,843
2,604
1,970
6,956
4,614
1,711
4,085
2,050
2,035
2,741
1,875
2,620
2,087
7,094
4,657
1,707
4,177
2,078
2,098
2,742
1,885
2,653
2,083
7,251
4,661
1,660
4,300
2,162
2,138
2,751
1,958
2,686
2,110
7,365
4,647
1,838
4,199
2,128
2,071
2,651
1,975
2,738
2,107
7,546
4,708
1,935
4,340
2,152
2,188
2,684
1,991
2,756
2,219
7,676
4,758
1,962
4,364
2,143
2,221
2,733
2,013
2,793
2,264
7,821
4,811
637
629
637
626
614
604
609
669
390
666
385
669
381
675
380
683
385
679
378
689
374
9,298
9,341
9,594
9,698
3,611
3,592
3,639
3,700
3,748
9,063
9,198
9,690
3,556
3,606
SURVEY OF CURRENT BUSINESS
February 1999 •
29
1998
Line
and Earnings by Industry, 1997:1-1998:111x—Continued
adjusted at annual rates]
Iowa
Kansas
1997
I
II
\r
IV
III
II'
Minnesota
1997
1998
I
III*
1998
II
IV
III
1997
If
'
III*
I
II
III
IV
I'
II'
III*
65,011
61,633
3,378
65,973
62,656
3,318
66,344
63,199
3,145
67,110
64,413
2,697
67,432
64,997
2,435
68,006
65,691
2,315
68,277
66,253
2,024
60,909
59,666
1,243
62,031
60,735
1,296
62,753
61,463
1,290
63,555
62,348
1,207
64,265
63,099
1,165
65,196
63,986
1,210
65,993
64,803
1,190
120,635
119,406
1,228
122,568
121,377
1,191
124,079
122,948
1,131
125,545
124,484
1,060
128,416
127,492
129,582
128,685
130,956
130,114
925
898
842
46,133
3,251
47,011
3,321
47,236
3,348
47,985
3,439
48,203
3,488
48,705
3,532
48,883
3,565
306
294
301
283
291
298
305
43,188
11,633
10,189
43,984
11,769
10,221
44,189
11,887
10,268
44,828
11,961
10,321
45,006
11,980
10,445
45,471
12,042
10,493
45,623
12,108
10,546
42,342
3,031
1,208
40,519
11,181
9,209
43,400
3,105
1,161
41,456
11,302
9,273
43,997
3,148
1,168
42,018
11,409
9,326
44,752
3,206
1,166
42,711
11,472
9,372
45,304
3,263
1,183
43,224
11,526
9,514
46,171
3,323
1,167
44,016
11,633
9,547
46,867
3,374
1,161
44,654
11,745
9,594
90,946
6,531
-803
83,613
20,146
16,876
92,827
6,673
-827
85,327
20,308
16,934
94,267
6,783
-842
86,641
20,452
16,986
95,664
6,881
-860
87,923
20,541
17,080
98,509
7,129
-910
90,470
20,598
17,348
99,588
7,204
-931
91,453
20,741
17,388
100,822
7,294
-946
92,583
20,893
17,480
191
175
173
177
162
158
155
142
143
136
128
142
127
124
379
366
343
359
373
318
311
9,998
10,046
10,096
10,143
10,283
10,335
10,391
9,068
9,130
9,191
9,244
9,372
9,420
9,470
16,497
16,567
16,643
16,721
16,975
17,070
17,170
34,830
3,810
7,493
3,094
4,399
35,595
3,855
7,560
3,033
4,527
35,900
3.847
7,489
2,861
4,628
36,937
3,919
7,129
2,412
4,717
37,319
3,944
6,941
2,143
4,797
37,845
3,978
6,882
2,012
4,870
38,259
3,991
6,632
1,709
4,923
33,245
3,665
5,432
34,579
3,742
5,676
1,025
4,651
35,287
3,786
5,678
35,772
3,810
5,721
36,484
3,869
5,819
37,107
3,910
5,850
74,907
7,733
8,307
76,641
7,823
8,363
77,995
7,874
8,398
79,291
7,922
8,452
81,832
8,154
8,523
82,815
8,213
8,560
83,984
8,255
8,583
943
895
928
898
837
802
741
667
521
478
406
4,457
34,088
3,724
5,588
1,029
4,559
4,735
4,826
4,890
4,952
7,470
7,561
7,656
7,786
8,002
8,082
8,177
3,378
42,755
35,941
3,318
43,693
36,879
3,145
44,091
37,252
2,697
45,288
38,409
2,435
45,769
38,725
2,315
46,390
39,356
2,024
46,859
39,797
1,243
41,098
34,210
1,296
42,104
35,064
1,290
42,707
35,615
1,207
43,544
36,400
1,165
44,139
37,007
1,210
44,962
37,681
1,190
45,676
38,306
1,228
89,718
78,012
1,191
91,636
79,757
1,131
93,136
81,018
1,060
94,604
82,813
925
898
842
97,584
85,402
98,691
86,788
99,980
87,918
975
336
82
348
85
357
89
365
91
385
92
396
91
406
93
266
436
271
454
281
444
287
452
290
457
307
436
316
440
387
448
399
462
415
460
422
478
427
448
465
484
477
477
2,758
9,615
5,946
3,669
2,762
3,071
4,244
3,179
9,895
6,814
2,854
9,841
6,096
3,745
2,831
3,160
4,275
3,373
10,112
6,814
2,857
9,964
6,196
3,768
2,854
3,174
4,340
3,375
10,242
6.839
2,914
10,449
6,510
3,939
2,881
3,267
4,404
3,562
10,477
6,879
2,956
10,455
6,502
3,953
2,954
3,200
4,535
3,479
10,668
7,044
3,039
10,464
6,444
4,021
3,020
3,179
4,592
3,683
10,892
7,033
3,082
10,455
6,378
4,078
3,045
3,202
4,652
3,746
11,115
7,062
2,546
7,885
5,033
2,852
3,471
3,171
4,198
2,476
9,760
6,888
1,149
2,637
8,171
5,242
2,929
3,411
3,201
4,278
2,601
10,041
7,040
1,142
2,658
8,345
5,398
2,947
3,423
3,256
4,356
2,633
10,218
7,092
1,150
2,719
8,650
5,654
2,996
3,478
3,342
4,398
2,669
10,404
7,145
1,157
2,801
8,576
5,529
3,047
3,504
3,418
4,509
2,708
10,743
7,132
1,169
2,852
8,779
5,659
3,120
3,493
3,433
4,584
2,793
11,004
7,280
1,190
2,928
8,946
5,798
3,148
3,511
3,473
4,681
2,815
11,197
7,370
1,204
5,187
19,605
11,446
8,159
5,880
7,127
8,213
7,370
23,796
11,706
1,558
5,305
19,767
11,736
8,031
6,011
7,281
8,346
7,823
24,362
11,879
1,555
5,392
19,956
11,751
8,205
6,157
7,392
8,453
7,969
24,823
12,118
1,546
5,705
20,516
12,164
8,352
6,177
7,575
8,624
7,967
25,348
11,792
1,555
6,088
20,950
12,508
8,442
6,456
7,599
8,940
8,493
26,000
12,182
1,578
6,071
21,061
12,573
8,489
6,579
7,718
8,990
8,991
26,427
11,903
1,586
6,151
21,077
12,333
8,744
6,464
7,825
9,227
9,184
27,037
12,062
1,612
854
126
847
127
835
129
835
131
851
133
871
132
876
131
5,834
5,840
5,875
5,914
6,060
6,030
6,055
667
663
659
657
675
661
668
196
195
196
194
194
194
192
5,072
5,234
5,284
5,331
5,288
5,429
5,498
9,952
10,129
10,376
10,042
10,410
10,123
10,258
North Dakota
South Dakota
1997
I
II
IV
III
I'
II'
I
III*
1998
ni
II
IV
I'
I'
1997
II
111*
12,720
12,504
12,901
12,672
13,050
12,786
13,146
12,923
13,242
13,099
13,289
13,130
13,374
13,225
15,260
14,378
15,634
14,661
5,828
4,853
15,808
15,039
15,942
15,232
16,109
15,414
16,170
15,521
216
229
265
223
143
159
149
881
974
975
768
710
695
650
8,952
9,113
9,254
9,345
9,411
9,440
9,492
10,858
11,198
1,346
J1.300
11,402
11,548
11,577
713
724
731
740
754
755
759
780
801
812
823
838
851
856
-286
7,953
2,317
2,450
-290
8,100
2,323
2,478
-294
8,229
2,329
2,493
-299
8,306
2,332
2,507
-299
8,358
2,338
2,547
-297
8,388
2,353
2,548
-298
8,435
2,370
2,570
-168
9,910
2,686
2,664
-174
10,223
2,743
2,668
-176
0,358
2,792
2,678
-179
10,298
2,822
2,688
-181
10,383
2,829
2,730
-184
10,513
2,849
2,747
-185
10,536
2,870
2,765
31
35
28
25
30
18
26
16
14
16
15
14
15
15
2,419
2,443
2,465
2,482
2,517
2,530
2,544
2,648
2,654
2,662
2,672
2,716
2,732
2,749
7,148
7,267
7,352
7,459
7,574
7,588
7,643
7,900
8,002
8,123
8,238
3,378
676
682
680
683
692
690
690
856
868
869
872
884
893
£,439
893
1,129
1,164
1,221
1,204
1,145
1,162
1,159
2,299
2,430
2,475
2,305
2,280
2,278
2,245
532
1,712
7,703
104
118
155
114
31
42
27
774
867
869
663
602
583
1,024
1,046
1,067
1,090
1,114
1,120
1,132
1,525
1,563
1,606
1,643
1,679
,695
768
10,532
216
229
265
223
143
159
149
881
974
975
8,737
6,945
8,885
7,069
8,989
7,191
9,122
7,330
9,268
7,443
9,281
7,468
9,343
7,534
9,976
8,274
10,224
8,516
0,371
8,653
64
190
588
732
449
283
840
759
945
484
66
202
616
747
458
289
837
781
942
511
66
200
637
762
472
290
818
788
976
523
68
208
686
783
486
297
811
800
982
528
73
193
706
818
513
306
825
809
997
528
78
197
679
815
503
312
813
818
998
547
79
190
683
817
500
317
803
827
121
112
646
128
114
663
1,482
1,025
457
727
645
560
690
722
743
754
727
2,344
1,792
2,367
1,816
2,420
1,797
2,466
1,792
2,494
1,825
2,523
1,813
2,564
1,809
2,677
1,703
2,724
1,708
2,768
1,719
2,825
1,725
2,831
1,763
346
317
343
309
354
311
346
303
353
292
431
141
431
138
430
138
434
137
446
140
437
139
1,164
1,164
1,151
1,154
1,177
1,213
429
140
1,216
345
329
1,118
345
323
1,148
1,135
1,140
1,159
1,010
1,174
1,131
710
695
650
8,807
10,692
8,929
10,853
3,064
10,927
9,141
137
115
693
133
114
733
137
108
751
144
97
741
149
99
737
1,545
1,089
1,553
1,088
1,563
1,095
1,672
1,218
1,685
1,223
456
737
680
465
740
694
468
746
712
454
759
697
463
733
723
1,247
1,257
811
1,733
1,259
473
737
715
1,286
763
2,873
1,789
2,922
1,786
1,204
1,138
1,209
1,227
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
Southeast
1997
1998
1
2
3
1998
III
Line
IV
I'
II r
III*
1,458,543
1,444,754
13,789
1,473,455 1,489,403
1,459,251 1,475,788
4,204
13,615
1,507,310
1,494,950
12,359
1,526,389
1,515,469
10,920
1,547,470
1,536,044
11,426
1,564,898
1,554,397
10,501
1
2
3
1,000,669
68,995
5,851
937,524
253,228
267,790
3,067
264,723
1,012,920
59,768
5,753
948,905
254,705
269,844
2,995
266,850
1,026,162
70,688
5,914
961,388
256,051
271,965
2,998
268,966
1,042,789
71,872
5,791
976,709
256,875
273,726
2,858
270,868
1,056,964
73,239
6,025
989,750
257,859
278,780
2,964
275,816
1,075,114
74,399
6,070
1,006,785
259,971
280,715
3,050
277,665
1,089,479
75,403
6,054
1,020,131
262,204
282,564
2,942
279,622
4
5
6
7
8
9
10
11
815,602
85,461
99,605
10,928
88,677
825,862
35,563
101,495
1,339
30,156
837,857
85,744
102,561
10,761
91,800
853,674
86,437
102,679
9,533
93,146
866,792
87,340
102,832
8,022
94,810
881,927
88,390
104,797
8,410
96,387
895,306
89,080
105,093
7,369
97,724
12
13
14
15
16
13,789
986,879
819,426
6,473
8,849
62,412
171,205
89,577
81,628
71,167
62,578
102,401
66,497
267,844
167,453
33,467
18,920
115,066
14,204
998,716
831,550
6,615
9,010
52,990
172,900
31,043
31,857
72,563
53,293
102,572
59,247
272,359
167,166
33,133
18,842
115,191
13,615
1,012,547
843,362
6,921
9,117
64,311
173,593
91,229
82,365
74,243
64,373
104,188
69,663
276,953
169,184
32,823
18,928
117,433
12,359
1,030,430
859,705
6,877
9,324
65,989
178,006
94,441
83,565
75,981
65,508
105,543
71,234
281,244
170,725
32,800
18,972
118,953
10,920
1,046,044
873,600
7,024
9,385
66,700
178,265
94,973
83,292
76,069
66,177
107,635
73,815
288,531
172,444
33,332
19,128
119,984
11,426
1,063,688
889,845
7,456
9,156
69,018
179,625
95,197
84,428
77,093
67,474
109,833
75,446
294,744
173,844
33,489
18,922
121,433
10,501
1,078,978
903,197
7,665
9,176
70,454
179,811
95,445
84,367
77,889
68,273
111,613
76,793
301,522
175,782
33,738
18,967
123,076
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
$0 • February 1999
SURVEY OF CURRENT BUSINESS
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Alabama
Item
Line
Arkansas
1997
1998
1997
1998
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
89,630
90,682
89,776
91,487
92,488
90,668
907
820
91,605
883
88,320
87,188
1,131
87,832
1,148
88,593
1,037
61,577
4,499
694
57,771
12,435
18,114
208
17,906
62,040
4,530
708
58,218
12,485
18,277
200
18,077
62,505
4,573
721
58,653
12,533
18,444
201
18,242
63,444
4,650
737
59,531
12,560
18,591
207
18,384
49,850
5,352
6,375
997
5,378
50,223
5,342
6,476
1,011
5,464
50,720
5,336
6,449
900
5,549
1,148
1,037
61,468
93,474
92,643
831
48,605
46,858
1,747
49,280
47,476
1,804
49,646
47,933
50,281
48,773
50,789
51,124
1,508
49,489
1,301
49,723
1,713
33,869
2,317
-328
31,223
7,080
34,453
2,352
-337
31,764
7,136
10,381
199
35,320
2,434
-348
32,537
7,215
10,529
187
10,342
2,488
-364
32,837
7,247
10,706
189
10,517
35,870
2,489
-345
33,036
7,315
10,773
191
10,582
36,041
2,509
-346
33,186
7,387
10,182
34,703
2,375
-332
31,995
7,186
10,465
197
10,268
26,395
2,888
5,170
1,576
3,594
26,665
2,885
5,153
1,486
3,667
27,374
2,935
5,011
1,281
3,729
27,872
2,962
4,855
1,069
3,786
27,921
2,958
4,991
1,159
3,832
28,189
2,965
4,887
1,015
3,873
1,508
33.812
28,469
266
181
2,086
8,081
4,508
3,574
1,301
34,389
29,129
282
184
2,114
8,025
4,473
3,551
1,400
34,470
29,110
284
179
2,160
8,072
4,491
3,581
1,265
34,776
29,352
292
178
2,204
8,060
4,511
2,898
2,964
1,875
4,243
1,795
7,647
5,260
922
298
4,040
2,930
1,880
2,941
1,790
4,117
1,777
4,171
1,778
7,824
5,424
1,400
51,436
50,170
1,265
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
4,705
762
59,945
64,664
4,752
782
210
18,717
12,729
19,065
224
18,841
4,812
787
61,444
12,850
19,181
208
18,973
51,664
5,387
6,393
771
5,622
52,075
5,400
6,413
681
5,732
52,669
5,434
6,561
739
5,821
53,421
5,474
6,574
681
5,892
907
62,538
820
63,069
51,905
373
614
4,061
13,784
7,776
6,008
4,178
3,699
6,212
3,748
15,237
11,164
2,542
847
7,775
12,615
18,927
10,302
208
10,094
10,863
212
10,651
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors'income5
Farm proprietors' income
Nonfarm proprietors' income
25,988
2,869
5,012
1,516
3,495
Earnings by industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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
'.,
1,131
60,445
49,313
338
632
3,858
13,312
7,431
5,882
4,074
3,518
5,907
3,459
14,215
11,132
2,584
846
7,701
49,775
340
638
3,891
13,432
7,511
5,921
4,051
3,575
5,956
3,535
14,356
11,117
2,556
835
7,726
351
632
3,904
13,381
7,432
5,949
4,123
3,606
6,028
3,680
14,565
11,199
2,531
840
7,828
51,179
353
616
3,962
13,831
7,737
6,094
4,197
3,692
6,154
3,632
14,743
11,359
2,533
839
7,987
63,780
52,428
391
617
4,194
13,840
7,716
6,124
4,187
3,782
6,298
831
64,637
53,155
403
614
4,286
13,961
7,819
6,142
4,219
3,799
3,808
6,403
3,865
15,320
15,597
11,353
2,557
11,482
2,569
835
8,078
833
7,963
1,747
1,804
1,713
32,122
32,649
27,491
247
32,990
27,767
257
177
177
2,033
7,744
4,264
26,983
242
169
1,925
7,603
4,212
3,391
2,746
2,012
7,732
4,285
3,447
2,807
1,727
3,805
1,772
3,766
1,634
7,132
1,686
7,292
5,157
5,139
905
283
3,950
895
285
3,977
3,479
2,852
1,789
3,811
1,673
7,433
5,223
890
286
4,047
Louisiana
Item
Line
3,893
1,709
7,565
5,344
4,157
7,710
5,359
928
296
4,135
3,549
1,904
934
289
4,202
Mississippi
1997
1998
1997
1998
\\\p
Income by Place of Residence
87,634
87,132
501
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
89,315
90.825
91,901
505
88,781
535
90,360
465
91,458
443
61,086
4,036
61,727
4.072
-175
i-172
57,483
64,042
4,247
-175
19,225
116
19,109
-189
60,679
13,164
19,347
124
19,224
93,191
92,735
455
94,153
49,548
50,240
49,602
50,893
50,287
607
51,383
50,763
619
51,913
51,289
624
33,471
2,588
1,045
31,928
6,193
11,427
122
11.305
34,126
2,649
1,065
32,543
6,211
11,486
113
34,594
2,698
1,064
34,922
2,719
1,104
32,960
6,237
33,306
6,294
11,373
11,696
110
11,586
11,782
117
11,665
35,330
2,747
1,114
33,697
6,353
11,863
114
11,749
26,497
2,873
3,842
565
3,277
26,706
27,371
2,905
3,850
468
3,382
27,777
2,933
3,884
431
3,452
28,036
2,947
3,938
437
3,501
28,372
2,963
3,995
435
3,560
737
32,475
26,165
211
300
1,969
7,223
4,468
2,756
2,224
1,565
3,387
1,542
7,743
6,310
1,119
730
32,741
26,344
607
33,988
27,403
619
34,303
27,698
254
300
2,068
7,201
4,447
2,754
2,284
1,587
3,436
1,514
7,739
6,397
1,104
638
33,488
27,089
227
317
2,149
7,472
4,675
2,797
2,319
1,648
3,506
1,548
7,905
6,399
1,105
624
34,706
27,967
261
324
2,445
7,515
4,702
2,813
2,293
1,751
3,637
1,664
8,077
6,739
1,149
669
4,522
662
4,631
656
4,639
694
4,766
93,701
453
48,574
47,842
732
49,183
48,446
737
48,818
730
65,938
4,365
-191
32,654
2,520
1,014
61,383
13,277
19,493
148
19,346
31,148
6,126
11,300
128
11,172
33,212
2,567
1,022
31,667
6,161
11.355
118
11,237
53,151
5,541
7,247
281
6,966
26,024
2,854
3,776
558
3,217
453
732
31,922
25,659
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
65,187
145
126
18,621
18,668
124
18,727
63,258
4,180
-185
58,893
13,011
18,921
120
18,801
48,133
5,304
6,698
344
6,354
48,964
5,318
6,804
349
6,455
49,498
5,307
6,922
380
6,543
50,936
5,395
6,927
310
6,617
51,557
5,438
7,047
285
6,762
52,509
5,513
7,164
290
6,874
501
59,634
49,349
293
3,109
4,347
8,340
3,381
4,960
4,663
3,352
5,683
3,138
16,424
10,286
1,576
771
7,939
505
60,581
50,219
302
3,128
4,499
8,428
3,486
535
61,193
50,739
465
62,793
52,274
328
3,371
4,692
4,942
4,769
310
3,200
4,555
8,582
3,545
5,037
4,853
443
63,599
52,891
326
3,590
5,044
3,441
5.711
3,282
3,493
5,763
3,264
16,660
16,720
10,454
1,542
782
8,130
8,908
3,805
5,102
5,042
3,601
5,899
3,343
17,092
10,518
1,540
783
8,195
8,854
3,765
5,088
4,939
3,632
6,083
3,212
17,211
10,708
1,576
775
8,357
455
64,732
54,002
344
3,393
5,384
8,928
3,776
5,152
5,038
60,136
3,977
-173
55,985
12,882
18,766
56,875
12,934
18,794
12,982
18,851
59,620
13,056
4,319
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
,
559
3.340
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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.
10,362
1,552
773
8,037
3,699
6,092
3,485
17,638
10,730
1,584
753
8,394
54,667
353
3,361
5,552
8,988
3,829
5,159
5,073
3,757
6,167
3,517
17,899
10,819
1,590
779
8,450
214
276
1,910
7,129
4,401
2,728
2,200
1,534
3,361
1,457
7,576
6,263
1,124
677
4,462
214
241
323
2,241
7,540
4,743
2,798
2,261
1,707
3,587
1,542
7,960
6,584
1,125
327
2,319
7,534
4,724
2,810
2,310
1,744
3,598
1,643
7,968
6,605
1,132
695
4,778
SURVEY OF CURRENT BUSINESS
February 1999
and Earnings by Industry, 1997:1-1998:1111—Continued
adjusted at annual rates]
Kentucky
Georgia
Florida
1997
1997
1998
lr
I
II
III
IV
357,042
355,171
1,871
361,288
359,339
1,949
365,944
364,053
1,891
369,115
367,409
1,706
374,763
373,085
1,677
380,461
378,737
1,724
215,380
14,618
218,713
14,847
222,560
15,122
225,099
15,295
229,527
15,665
519
514
519
539
545
201,281
87,358
68,403
204,380
87,849
69,059
207,956
88,298
69,690
210,343
88,586
70,186
214,406
88,859
71,497
1997
1998
lr
1998
Line
I
II
III
IV
385,969
384,315
1,654
176,047
173,830
2,217
177,802
175,516
2,286
179,814
177,578
2,236
181,816
179,833
1,983
185,786
184,105
1,681
188,443
186,587
1,856
190,061
188,398
1,663
79,137
77,923
1,214
80,111
78,807
1,304
80,926
79,607
1,319
81,836
80,618
1,217
82,716
81,679
1,037
83,402
82,323
1,079
84,241
83,299
234,416
15,987
239,173
16,313
541
535
218,971
89,445
72,046
223,395
90,072
72,502
132,312
8,683
-264
123,365
26,638
26,044
133,854
8,770
-264
124,819
26,845
26,138
135,691
8,893
-267
126,531
27,031
26,252
137,600
9,027
-264
128,309
27,141
26,366
141,286
9,339
-329
131,619
27,278
26,890
143,617
9,471
-313
133,833
27,556
27,055
144,830
9,549
-304
134,977
27,848
27,237
55,554
4,019
-480
51,055
11,913
16,169
56,281
4,058
-484
51,739
11,981
16,391
56,835
4,089
-483
52,264
12,043
16,619
57,612
4,146
-473
52,992
12,080
16,763
58,261
4,224
-483
53,554
12,129
17,033
58,750
4,253
-489
54,008
12,231
17,163
59,483
4,315
-523
54,645
12,339
17,258
II'
III*
II'
II
I
III''
III
IV
I'
II'
III''
942
687
691
687
635
643
704
645
288
276
268
246
274
254
240
222
222
245
229
217
242
225
67,717
68,368
69,003
69,551
70,854
71,341
71,857
25,756
25,862
25,984
26,120
26,616
26,801
26,997
15,947
16,169
16,375
16,535
16,816
16,921
17,033
177,204
18,671
19,505
183,549
18,772
20,239
185,980
18,783
20,336
189,761
19,094
20,672
193,935
19,429
21,052
198,217
19,732
21,225
784
732
741
633
20,592
117,621
11,595
14,401
1,605
12,796
118,791
11,612
14,427
1,402
13,025
44,900
4,930
5,724
1,019
4,705
45,442
4,973
5,865
1,110
4,755
45,874
4,991
5,970
1,127
4,843
46,643
5,047
5,922
1,028
4,895
732
20,312
115,825
11,461
14,000
1,440
12,560
877
19,940
112,378
11,180
14,042
1,747
12,295
842
19,551
110,482
11,135
14,074
1,999
12,075
48,510
5,153
5,819
959
108,837
11,099
13,917
2,049
11,869
47,728
5,104
5,918
19,279
107,613
11,103
13,596
1,982
11,614
47,336
5,093
5,831
18,557
180,104
18,698
19,910
1,018
18,892
4,989
5,041
5,087
1,871
213,510
180,001
2,192
1,949
216,764
183,507
2,236
1,891
220,669
186,753
2,405
1,706
223,393
188,767
2,236
1,677
227,849
193,217
2,247
1,724
232,692
197,748
2,415
1,654
237,519
202,320
2,472
2,217
130,095
110,373
2,286
131,568
111,787
2,236
133,455
113,433
1,983
135,617
115,364
1,681
139,605
118,911
1,856
141,761
120,960
1,663
143,167
122,113
1,214
54,340
45,099
1,304
54,977
45,915
1,319
55,516
46,338
1,217
56,394
47,218
1,037
57,224
48,007
1,079
57,671
48,496
58,540
49,226
949
340
354
373
362
351
378
388
708
348
729
376
751
369
772
382
790
388
824
379
852
392
12,767
19,121
11,993
7,128
14,262
14,396
25,405
19,229
72,288
33,509
5,534
3,033
24,942
13,041
19,454
12,327
7,127
14,641
14,643
25,344
20,160
73,634
33,257
5,498
3,080
24,680
13,483
19,615
12,411
7,203
14,884
14,900
25,767
20,414
74,913
33,916
5,460
3,085
25,371
13,807
20,037
12,763
7,274
14,930
14,930
25,789
21,230
75,446
34,626
5,455
3,112
26,059
14,009
20,385
12,996
7,389
14,955
14,608
26,375
22,129
78,159
34,632
5,564
3,077
25,991
14,589
20,510
12,769
7,741
15,518
15,038
27,048
22,356
79,895
34,944
5,581
3,031
26,332
14,886
20,842
13,022
7,820
15,744
15,298
27,649
22,712
82,329
35,199
5,630
2,967
26,602
7,404
21,967
9,853
12,114
12,352
11,467
12,401
9,462
34,264
19,721
4,263
2,231
13,227
7,566
21,881
10,023
11,858
12,647
11,469
12,461
9,950
34,708
19,781
4,217
2,209
13,355
7,651
21,946
10,054
11,892
13,163
11,687
12,649
9,904
35,314
20,022
4,177
2,233
13,612
7,956
22,058
10,107
11,951
13,328
11,947
12,920
10,019
35,982
20,253
4,181
2,269
13,804
8,136
22,324
10,145
12,179
13,414
12,659
13,165
10,612
37,425
20,694
4,256
2,311
14,128
8,408
23,206
10,732
12,474
13,155
12,833
13,356
10,884
37,916
20,801
4,327
2,273
14,201
8,590
22,615
10,269
12,346
13,380
12,961
13,448
11,112
38,763
21,054
4,378
2,273
14,402
North Carolina
358
370
386
396
402
423
434
1,301
3,378
12,102
7,321
4,781
4,078
2,958
5,689
2,768
12,468
9,241
1,547
1,116
6,578
1,349
3,334
12,352
7,501
4,851
4,151
3,044
5,721
2,893
12,700
9,062
1,528
1,101
6,433
1,309
3,429
12,423
7,525
4,899
4,242
3,090
5,779
2,852
12,828
9,178
1,523
1,119
6,536
1,345
3,422
12,901
7,875
5,025
4,322
3,124
5,860
2,867
12,982
9,176
1,523
1,119
6,534
1,323
3,521
12,875
7,985
4,890
4,427
3,186
6,017
2,882
13,374
9,217
1,519
1,131
6,566
1,303
3,553
12,753
7,840
4,913
4,616
3,250
6,122
2,942
13,535
9,175
1,507
1,125
6,543
1,313
3,575
12,926
7,946
4,981
4,661
3,308
6,199
2,976
13,835
9,315
1,557
1,136
6,622
South Carolina
1997
1998
1998
1997
II
III
IV
169,423
166,203
3,220
171,247
167,966
3,281
172,550
169,583
2,967
175,072
172,199
2,873
176,902
174,541
2,361
179,048
176,640
2,408
180,896
178,795
2,101
76,399
75,892
77,101
76,591
78,017
77,500
79,083
78,642
79,379
78,963
80,889
80,483
81,956
81,575
120,220
119,924
508
511
517
441
416
406
382
296
125,489
8,941
-909
115,639
25,507
28,277
126,979
9,031
-922
117,025
25,722
28,500
127,940
9,111
-920
117,909
25,915
28,727
130,322
9,278
-942
120,103
26,030
28,939
131,559
9,444
-958
121,158
26,164
29,580
133,333
9,554
-959
122,821
26,439
29,788
134,809
9,675
-964
124,170
26,728
29,998
53,644
3,978
54,225
4,017
55,040
4,076
56,041
4,151
55,968
4,160
57,379
4,266
58,300
4,334
827
837
840
855
897
886
884
50,493
11,262
14,645
51,045
11,300
14,757
51,805
11,336
14,876
52,745
11,358
14,979
52,706
11,408
15,265
54,000
11,515
15,375
54,850
11,627
15,480
88,695
5,791
-957
81,947
16,599
21,674
II'
I
III''
II
IV
III
1'
I
\\\P
II'
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Line
1998
I'
III
IV
121,295
120,980
122,656
122,344
124,373
124,077
125,086
124,812
128,006
127,718
129,147
128,863
315
312
296
274
287
284
89,631
5,844
-972
82,815
16,645
21,835
90,890
5,922
-999
83,969
16,691
21,996
92,573
6,029
-1,027
85,517
16,717
22,139
92,802
6,064
-991
85,747
16,796
22,543
95,678
6,259
-1,072
88,347
16,960
22,699
96,525
6,304
-1,065
89,155
17,132
22,859
II
Ilk
II'
368
364
361
361
410
397
374
186
173
167
160
165
170
165
318
316
314
309
320
328
333
27,909
28,136
28,365
28,579
29,170
29,391
29,625
14,458
14,584
14,709
14,820
15,100
15,204
15,315
21,356
21,519
21,682
21,830
22,223
22,370
22,526
101,502
10,472
13,515
2,850
10,665
102,724
10,469
13,785
2,912
10,873
103,797
10,448
13,695
2,602
11,093
105,951
10,553
13,818
2,514
11,304
107,441
10,655
13,464
1,992
11,471
108,847
10,722
13,765
2,025
11,740
110,410
10,802
13,596
1,703
11,894
44,635
4,692
4,318
45,154
4,702
4,369
45,879
4,717
4,445
46,837
4,769
4,435
46,761
4,740
4,468
48,018
4,832
4,529
48,872
4,874
4,555
70,793
7,608
10,294
71,560
7,626
10,445
72,619
7,652
10,619
74,092
7,757
10,724
74,242
7,730
10,829
76,746
7,939
10,993
77,426
7,942
11,158
3,220
122,269
102,300
3,281
123,698
103,627
2,967
124,973
104,649
2,873
127,449
106,955
2,361
129,198
108,237
2,408
130,925
109,835
2,101
132,708
111,189
404
406
412
336
310
295
266
163
183
181
166
141
149
141
3,914
3,964
4,033
4,099
4,158
4,234
4,288
10,131
10,263
10,438
10,558
10,688
10,844
11,017
508
511
517
441
416
406
382
296
315
312
296
274
287
284
53,137
43,485
53,714
44,030
54,523
44,609
55,601
45,647
55,552
45,520
56,973
46,961
57,919
47,856
88,399
76,695
89,316
77,611
90,577
79,004
92,278
80,647
92,528
80,738
95,390
82,911
96,241
83,625
715
192
730
197
753
197
769
205
783
206
840
193
868
199
315
78
331
80
337
82
339
83
348
76
395
79
406
80
404
300
415
261
433
331
442
269
460
316
478
271
494
273
8,358
30,248
14,751
15,497
7,765
7,577
12,001
7,965
27,478
19,969
2,554
3,028
14,387
8,489
30,289
14,748
15,541
7,874
7,682
12,126
8,111
28,128
20,071
2,531
3,033
14,507
8,586
30,234
14,742
15,493
7,998
7,808
12,399
8,200
28,473
20,325
2,520
3,039
14,765
8,812
30,932
15,220
15,711
8,164
7,976
12,543
8,307
29,247
20,494
2,532
3,005
14,957
8,690
31,064
15,471
15,592
8,130
7,963
12,617
8,827
29,958
20,961
2,567
3,071
15,324
9,225
30,849
15,504
15,345
8,315
8,087
13,075
8,785
30,466
21,090
2,568
3,047
15,475
9,307
30,993
15,633
15,360
8,417
8,151
13,326
9,029
30,899
21,519
2,576
3,053
15,889
3,835
13,140
5,393
7,747
2,942
2,656
5,976
2,814
11,729
9,651
1,220
1,156
7,275
3,800
13,327
5,512
7,815
2,983
2,725
5,967
2,993
11,824
9,685
1,225
1,119
7,341
3,853
13,412
5,534
7,878
3,053
2,786
6,062
2,994
12,030
9,914
1,225
1,172
7,518
3,951
13,779
5,767
8,012
3,147
2,877
6,167
3,029
12,274
9,954
1,228
1,147
7,579
3,909
13,595
5,705
7,890
3,123
2,875
6,211
3,063
12,320
10,032
1,239
1,148
7,645
4,083
13,765
5,787
7,979
3,133
3,008
6,417
3,238
12,843
10,013
1,249
1,133
7,631
4,179
13,905
5,866
8,038
3,187
3,083
6,551
3,314
13,151
10,063
1,263
1,234
7,566
5,537
19,256
11,003
8,252
6,628
5,732
9,537
5,367
23,933
11,705
2,552
5,559
19,435
11,117
8,318
6,740
5,794
9,529
5,595
24,283
11,706
2,486
5,796
19,553
11,180
8,374
6,674
5,931
9,687
5,655
24,944
11,574
2,443
6,033
20,025
11,492
8,533
7,195
6,096
9,778
5,799
25,011
11,631
2,393
5,821
19,782
11,500
8,282
7,128
6,007
9,957
5,822
25,446
11,790
2,469
5,947
20,142
11,467
8,675
7,200
6,162
10,223
6,282
26,206
12,479
2,525
6,075
19,965
11,488
8,477
7,213
6,190
10,307
6,360
26,748
12,616
2,491
4
5
6
7
8
9
10
11
Tennessee
1997
I
1'
942
1
2
3
271
267
260
251
251
263
286
8,881
8,953
8,870
8,987
9,069
9,691
9,839
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
$2 • February 1999
SURVEY OF CURRENT BUSINESS
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Virginia
West Virginia
1997
Item
Line
1997
1998
1998
Income by Place of Residence
173,447
173,079
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
174,637
174,261
376
177,257
176,888
121,103
8,120
5,582
118,565
30,641
179,640
179,298
343
182,089
181,767
123,346
8,269
5,700
120,777
30,841
25,638
171
25,467
125,749
8,424
5,549
127,592
8,584
5,753
124,761
31,058
106,755
321
184,260
183,935
325
186,539
129,441
8,703
5,805
126,543
131,447
8,831
5,805
128,422
186,217
322
33,696
33,711
33,926
33,937
-16
-11
21,166
21,343
1,594
244
34,099
34,109
-10
34,346
34,363
21,645
-17
34,598
34,616
-18
34,776
34,793
-17
35,112
35,132
-20
21,755
1,622
304
20,437
5,012
9,149
141
21,858
1,629
318
20,548
5,042
9,187
134
22,134
1,649
322
20,808
5,073
9,231
131
9,008
9,053
9,100
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
120,194
8,068
5,671
117,798
30,418
25,231
168
25,063
25,431
165
25,266
122,874
30,964
25,802
157
25,646
26,101
31,281
31,517
26,436
26,600
164
26,271
148
26,452
110,030
10,061
9,351
138
111,834
10,155
9,458
128
9,212
9,330
325
129,116
101,866
727
630
7,797
16,593
8,540
8,053
9,013
6,916
11,305
9,324
39,562
27,250
8,580
5,377
13,293
322
131,125
103,627
748
635
7,979
16,577
8,513
8,064
9,070
6,981
11,549
9,514
40,574
27,498
8,625
5,327
13,547
19,820
5,012
8,864
140
8,724
19,993
5,006
8,927
145
8,783
21,453
1,598
261
20,116
5,002
8,981
141
8,840
17,232
1,880
2,053
-42
2,095
17,411
1,884
2,048
-37
2,085
17,508
1,868
2,077
-36
2,113
17,693
1,866
2,086
-42
2,128
17,772
1,859
2,125
-44
2,169
17,868
1,857
2,134
-44
2,178
18,114
1,868
2,153
-48
2,200
-11
21,354
17,280
72
1,505
1,320
3,358
1,876
1,482
-10
21,463
17,402
75
1,487
1,354
3,344
1,854
-17
21,662
-18
21,181
17,131
72
1,466
1,450
3,223
1,780
21,773
-17
21,875
17,831
80
1,408
1,358
3,432
1,851
1,581
1,677
-20
22,154
1,075
1,082
2,207
951
5,826
4,054
978
1,583
238
1,609
286
20,322
5,000
9,023
134
8,890
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
,
101,727
102,550
9,726
9,691
8,740
188
8,552
8,862
197
8,665
104,560
9,769
9,018
191
8,826
368
119,826
93,039
621
638
7,643
15,763
8,058
7,705
7,795
6,596
10,537
8,355
35,091
26,787
8,704
5,410
12,672
376
120,727
94,142
631
645
7,509
15.988
8,189
7,799
8,002
6,525
10,513
8,613
35,716
26,585
8,607
5,374
12,603
122,978
96,057
649
661
7,599
16,159
8,242
7,917
8,424
6,633
10,712
8,631
36,589
26,921
8,477
5,351
13,093
9,860
9,135
168
8,966
108,372
9,975
9,245
142
9,103
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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
,
343
125,406
98,489
667
683
7,774
16,560
8,557
8,003
8,741
6,759
10,915
8,861
37,528
26,917
8,470
5,407
13,039
321
127,271
99,973
684
616
7,754
16,676
8,588
8,088
8,785
6,888
11,005
9,325
27,298
8,601
5,426
13,271
1,443
1,663
1,065
2,098
848
5,246
4,050
904
96
3,050
1,490
1,694
1,675
1,059
1,063
2,097
882
5,406
2,091
887
5,315
4,074
919
4,061
931
97
3,033
96
3,058
Oklahoma
889
5,469
4,054
941
97
3,016
17,669
89
1,399
1,400
3,362
1,826
1,536
1,763
1,080
2,164
858
5,555
4,104
954
99
3,052
2,183
932
5,686
4,045
952
97
2,995
18,100
82
1,419
1,379
3,464
1,846
1,617
1,691
97
2,980
Texas
1997
Item
Line
17,608
83
1,511
1,346
3,423
1,934
1,489
1,698
1,068
2,121
1998
1997
1998
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
67,492
66,634
858
67,052
66,231
821
68,201
67,469
732
68,479
67,746
732
69,242
1,569
674
447,197
444,367
2,830
455,712
45,744
3,242
773
43,276
10,333
13,452
99
13,353
46,035
3,260
786
43,561
13,542
840
43,994
10,527
13,958
103
13,855
47,069
3,341
848
44,576
10,610
14,057
112
13,945
338,761
13,453
46,341
3,293
835
43,883
10,447
13,870
101
13,770
46,448
3,294
94
45,393
3,202
815
43,005
10,413
13,634
92
34,986
3,967
6,496
627
5,868
35,102
3,922
6,720
729
5.991
35,338
3,900
6,797
705
6,092
34,779
3,803
6,811
671
6,140
35,628
3,890
6,823
578
6,245
35,686
3,875
6,887
572
6,315
36,259
3,913
6,898
507
6,390
778
44,671
36,072
235
2,186
2,217
7,322
4,752
2,570
3,820
2,305
4,552
2,321
11,114
8,599
2,029
944
5,625
881
44,863
36,316
237
2,211
2,203
7,322
4,750
2,572
3,693
2,331
4,569
2,464
11,286
8,546
1,990
934
5,622
858
45,177
36,536
245
2,203
2,184
7,323
4,771
2,552
3,803
821
44,572
35,988
238
2,226
2,115
7,319
4,777
2,543
3,811
2,316
4,510
2,335
11,117
8,585
1,953
945
5,687
732
45,610
732
45,716
36,936
252
2,198
2,216
7,531
4,855
2,676
3,907
2,389
4,612
2,367
11,464
8,780
2,000
943
5,837
674
66,605
65,827
778
67,061
66,179
45,449
3,235
755
42,969
10,277
13,359
107
13,252
464,924
461,950
470,919
2,917
2,974
2,571
483,678
481,241
2,437
487,873
485,382
2,491
493,573
452,795
346,645
21,799
-948
64,565
67,249
355,337
22,335
-995
332,007
65,135
67,782
979
66,270
66,811
360,949
22,685
-1,011
337,253
65,480
68,186
880
67,307
373,135
23,617
-1,084
348,434
65,733
69,511
864
68,647
376,292
23,765
-1,083
351,444
66,286
70,143
994
69,148
381,290
24,064
-1,099
356,127
66,870
70,575
897
69,679
256,795
25,755
56,211
2,070
54,141
263,110
26,013
57,522
2,148
55,374
270,114
26,359
58,864
2,204
56,661
275,064
26,512
59,372
1,814
57,558
285,287
27,449
60,399
1,661
58,739
287,491
27,450
61,351
1,683
59,668
291,579
27,629
62,081
1,520
60,561
2,830
335,931
288,111
1,830
15,059
20,562
54,385
29,663
24,722
30,939
22,535
30,993
23,316
88,491
47,820
8,274
4,064
35,482
2,917
343,728
295,529
1,898
15,030
21,151
56,112
31,113
24,999
31,424
23,273
31,382
24,161
91,099
48,198
8,277
4,047
35,875
2,974
352,363
303,617
1,998
15,528
21,886
57,692
32,212
25,481
32,235
23,978
31,946
24,943
93,412
48,746
8,302
2,571
358,377
309,241
2,025
15,975
22,425
58,656
32,719
25,938
33,012
24,526
32,433
25,205
94,983
49,137
8,276
4,009
36,851
2,437
370,698
320,700
2,094
2,491
373,802
16,762
23,378
61,366
34,988
26,378
33,857
25,308
33,375
26,618
16,323
24,185
60,791
34,270
26,521
33,643
26,168
33,915
26,494
99,581
50,508
8,484
4,112
2,360
378,930
328,005
2,255
16,362
24,648
60,683
34.026
26,657
468,348
491,213
2,360
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
10,383
13,547
21,327
-911
316,523
63,921
66,753
1,020
65,733
971
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income5
Farm proprietors' income
Nonfarm proprietors' income
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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.
2,349
4,551
2,418
11,460
8,641
1,962
949
5,730
238
2,188
2,178
7,595
4,915
,2,680
13,961
2,311
4,619
2,353
11,456
8,711
1,994
956
5,761
46,395
37,505
258
2,229
2,248
7,613
4,819
2,795
3,966
2,419
4,673
2,395
11,703
8,890
2,011
943
5,936
4,039
36,406
97,942
49,998
8,409
4,163
37,426
323,293
2,193
37,912
34,199
26,581
34,424
26,963
101,889
50,926
8,477
4,068
38,381
SURVEY OF CURRENT BUSINESS
February 1999
•
33
and Earnings by Industry, 1997:1-1998:1111—Continued
adjusted at annual rates]
Southwest
rslew Mexicc
Arizona
1997
1998
IIr
I'
1998
1997
I
II
I
II
III
IV
644,274
639,667
4,607
655,280
650,417
4,863
666,804
661,914
4,890
674,515
670,159
4,357
690,325
686,251
4,073
697,217
693,043
4,174
705,714
701,807
3,907
97,701
97,072
474,939
31,105
484,937
31,711
495,582
32,385
502,596
32,828
517,176
33,982
522,543
34,276
189
180
152
167
133
136
444,024
96,539
103,711
1,362
102,349
453,406
97,429
104,445
1,301
103,144
463,349
98,221
105,235
1,290
103,945
469,934
98.699
105,882
1,197
104,685
483,328
99,104
107,894
1.182
106,712
365,840
37,131
71,968
3,290
68.678
373,771
37,398
73,767
3,523
70,244
382,439
37,766
75,378
3,543
71,835
388,714
37,915
75,966
3,020
72,946
4,607
470,332
397,783
2,829
18,725
29,210
72.900
43,317
29,583
40,224
30,089
45,641
32,639
125,527
72,550
13,562
6,326
52,662
4,863
480,074
407,006
2,933
18,830
30,061
74,814
44,862
29,951
40,560
30,998
46,130
33,829
128,851
73,068
13,544
6,282
53,242
4,890
490,691
416,870
3,068
19,309
30,920
76,662
46,238
30,425
41,603
31,876
46,875
34,717
131,839
73,822
13,520
6,274
54,029
4,357
498,239
424,079
3,097
19,814
31,537
78,117
47,147
30,970
42,497
32,544
47,645
35,161
133,667
74,161
13,482
6,231
54,447
I'
1997
I
II
1998
1'
Line
III
IV
99,266
98,608
100,940
100,276
102,821
102,232
104,442
103,882
106,471
105,855
108,167
107,619
32,771
32,402
33,242
32,836
33,449
33,054
33,724
33,348
34,004
33,659
34,395
34,060
34,732
34,407
630
658
664
589
560
616
548
369
407
395
376
345
335
325
529,949
34,752
68,207
4,821
69,561
4,915
71,055
5,021
72,851
5,152
74,170
5,266
75,965
5,388
77,492
5,498
22,523
1,722
22,987
1,755
23,154
1,768
23,402
1,789
23,530
1,806
23,837
1,829
24,097
1,849
134
261
266
265
264
271
267
270
84
88
96
100
111
113
116
488,403
99,966
108,848
1,379
107,469
495,331
100,874
109,509
1,238
108,271
63,647
17,133
16,921
64,912
17,298
17,055
66,299
17,446
17,195
67,963
17,534
17,324
69,176
17,633
17,633
70,845
17,819
17,807
72,264
18,014
17,888
20,885
5,208
6,678
21,321
5,233
6,688
21,482
5,257
6,711
21,714
5,272
6,738
21,834
5,290
6,879
22,120
5,334
6,941
22,364
5,380
6,988
157
149
150
153
139
193
146
78
74
75
73
78
89
83
16,765
16,906
17,046
17,171
17,494
17,614
17,742
6,600
6,615
6,636
6,666
6,801
6,852
6,905
400,990
39,030
77,156
2,703
74,453
405,025
39.132
78,386
2,748
75,639
411,311
39,455
79,183
2,425
76,758
55,796
5,533
6,878
56,951
5,571
7,038
58,231
5,619
7,205
59,875
5,711
7,266
60,962
5,796
7,412
62,465
5,899
7,601
63,848
5,997
7,647
18,263
1,876
2,384
18,609
1,892
2,486
18,755
1,888
2,511
18,996
1,889
2,518
19,113
1,896
2,521
19,382
1,908
2,547
19,625
1,915
2,557
4,073
513,103
437,833
3,191
20,398
32,740
81,429
49,840
31,589
43,624
33,348
48,785
36,761
137,557
75.270
13,681
6,414
55,176
4,174
518,369
442,221
3,374
19,980
33,892
80,732
48,983
31,749
43,323
34,511
49,489
36,867
140,053
76,148
13,777
6,324
56.047
3,907
526,042
449,231
3,471
20,030
34,602
80,921
48,872
32,049
44,022
35,101
50,200
37,525
143,359
76,811
13,815
6,259
56,737
Ilk
II'
Ilk
IV
III
374
395
396
319
283
328
249
218
252
237
216
181
164
148
6,644
6,809
6,947
7,129
7,273
7,398
2,166
2,234
2,274
2,301
2,340
2,382
2,408
630
658
664
589
560
616
548
369
407
395
376
345
335
325
67,577
57,109
68,903
58,328
70,391
59,716
72,263
61,591
73,610
62,798
75,349
64,340
76.944
65,825
22,154
16,491
22,580
16,832
22,759
17,001
23,027
17,259
23,186
17,437
23,502
17,651
23,772
17,896
610
678
641
763
662
760
664
777
680
635
755
668
778
663
155
802
158
826
163
818
170
835
179
814
174
792
180
776
4,908
9,376
7,574
1,802
4,095
4,304
7,554
5,891
19,692
10,468
1,912
5,056
9,557
7,681
1,876
4,094
4,429
7,615
6,039
20,133
10,576
1,939
5,192
9,777
7,893
1,884
4,187
4,568
7,779
6,182
20,610
10,676
1,935
5,353
10,224
8.268
1,955
4,307
4,704
8,047
6,412
21,104
10,672
1,940
5,517
10,498
8,511
1,987
4,388
4,748
8,101
6,616
21,616
10,812
1,950
5,737
10,524
8,543
1,980
4,390
4,956
8,232
6,781
22,298
11,009
1,989
5,919
10,812
8,766
2,046
4,466
6,083
8,310
6,919
22,878
11,119
2,025
1,522
1,817
1,327
1,651
1,822
1,318
1,658
1,870
1,362
1,644
1,918
1,383
1,667
1,970
1,426
1,753
1,886
1,315
1,788
1,813
1,261
489
504
508
535
544
571
552
1,369
1,349
1,378
1,368
1,418
1,384
945
964
982
998
981
997
2,542
1,111
6,229
5,662
1,347
2,565
1,165
6,332
5,748
1,339
2,600
1,174
6,357
5,758
1,321
2,655
1,208
6,463
5,767
1,313
2,691
1,175
6,543
5,748
1,328
2,730
1,225
6,709
5,851
1,304
1,392
1,018
2,793
1,247
6,889
5,876
1,301
794
788
785
784
795
780
772
523
512
501
493
499
489
476
7,763
7,848
7,955
7,947
8,067
8,240
8,321
3,792
3,897
3,937
3,962
3,921
4,058
4,099
Colorado
II
III
IV
195,137
193,166
1,971
198,256
196,207
2,049
201,525
199,442
2,083
203,850
201,831
2,019
209,092
207,196
1,896
211,079
209,095
1,984
142,861
9,668
145,660
9,844
148,653
10,047
150,742
10,182
155,650
10,566
280
287
283
296
286
133,473
33.473
28,191
136,103
33,737
28,415
138,889
33,975
28,661
140,855
34,117
28,877
145,371
34.288
29,433
I'
1998
1997
1998
II
III
IV
I'-
213,918
211,937
1,981
102,352
101,711
104,256
103,576
106,213
105,526
107,813
107,152
l l 1,758
111,137
112,402
111,760
114,285
113,636
24,225
23,521
24,563
23,836
24,905
24,159
25,029
24,307
25,439
24,782
25,635
24,951
25,982
25,307
641
680
687
661
621
642
649
705
727
746
721
657
684
675
157,183
10,651
159,630
10,801
75,589
4,924
77,311
5,028
79,103
5.145
80,600
5,240
84,484
5,530
84,849
5,536
86,550
5,643
17,142
1,226
17,436
1,247
17,746
1,273
17,816
1,280
18,146
1,314
18,267
1,321
18,565
1,344
306
311
65
64
61
60
47
52
51
237
245
245
256
257
271
276
146,838
34,626
29.615
149,140
34,983
29,795
70,730
18,229
13,393
72,347
18,383
13,526
74,020
18,521
13,672
75,421
18,604
13,789
79,001
18.701
14,057
79,365
18.892
14,145
80,959
19,093
14,233
16,153
4.108
3,964
16,434
4,151
3,978
16,718
4,190
3,997
16,792
4,213
4,024
17,088
4,233
4,117
17,218
4,276
4,141
17,497
4,321
4,164
Ilk
II'
II
I
Ilk
IV
III
I'
II'
453
422
418
418
452
439
412
173
153
153
148
156
147
132
108
104
103
107
122
117
109
27,993
28,243
28,459
28,981
29.176
29,382
13,219
13,373
13,520
13,641
13,901
13,998
14,101
3,856
3,874
3,895
3,917
3,995
4,024
4,055
113,053
11,360
18,448
1,046
17,403
115,301
11,431
18,928
1,095
17,833
117,858
11,541
19,254
1,108
18.146
119,715
11,576
19,451
1,031
18,419
123,867
11,924
19,859
124,996
11,987
20,200
127,060
12,086
20,484
60,328
5,897
9,364
61,730
5,941
9,640
63,275
6,017
9,811
64,602
6,064
9,934
67,932
6,348
10,204
68,103
6,345
10,402
69,524
6,430
10,596
12,817
1,324
3,001
13,017
1,328
3,091
13,273
1,338
3,134
13,359
1,328
3,129
13,665
1,356
3,124
13,755
1,356
3,157
14,014
1,370
3,181
884
931
887
358
390
391
361
314
322
316
379
390
401
370
297
309
286
18,976
19,269
19,597
9,006
9,250
9,420
9,573
9,890
10,080
10,280
2,622
2,701
2,734
2,759
2,827
2,848
2,895
1,971
140,890
117,571
2,049
143,611
120,053
1,001
3,535
11,316
18,267
12,384
5,883
12,336
8,371
15,111
10,429
39,687
23,558
5,266
1,762
16.529
2.083
146,570
122,785
1,046
3.536
11,401
18,674
12,739
5,935
12,876
8,524
15,382
10.654
40.693
23.785
5,233
1,771
16.780
2,019
148,723
124,889
1,067
3,575
11,624
18,990
12,954
6,036
13,019
8,724
15,588
10,904
41,400
23,834
5,238
1,781
16,815
1.896
153,754
129,509
1,098
3,612
12,384
19,310
13,247
6,064
13,521
8,875
15,737
11,039
43,932
24,246
5,389
1,828
17,029
1,984
155,199
130,568
1,142
3,595
12,581
19,458
13,314
6,143
13,398
8,932
16,020
11,886
43,557
24,630
5,463
1.804
17,364
1,981
157,649
132,679
1,179
3.590
12,828
19,241
13,165
6,076
13,630
9,074
16,339
12,174
44,625
24,970
5,525
1,803
17,642
963
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Ilk
27,738
3,512
10,941
18,025
12,314
5,711
12,245
8,159
14.901
9,999
38.825
23.319
5,279
1.781
16,260
4
5
6
7
8
9
10
11
Line
1
II'
1
2
3
Idaho
1997
1998
I
ilk
6,504
Rocky Mountain
1997
II'
641
680
687
661
621
642
649
705
727
746
721
657
684
675
74,948
63,482
76,631
65,084
78,416
66,770
79,939
68,231
83,863
71,923
84,207
72,125
85,901
73,639
16,437
13,613
16,709
13,856
16,999
14,161
17,095
14,252
17,489
14,561
17,584
14,606
17,890
14,863
478
498
510
523
554
575
594
1,475
5,546
9,036
6,183
2,854
7,070
4,578
7,484
5,868
21,948
11,466
2,579
1,064
7,823
1,433
5,716
9,139
6,215
2,924
7,170
4,697
7,595
6,199
22,637
11,548
2,572
1,049
7,927
1,463
5,766
9,340
6,412
2,928
7,618
4,802
7,683
6,381
23,207
11,647
2,560
1,055
8,032
1,456
5,918
9,587
6,573
3,014
7,729
4,924
7,826
6,571
23,697
11,708
2,555
1,068
8,086
1,526
6,433
9,834
6,747
3,086
8,163
5,013
7,912
6,656
25,833
11,940
2,609
1,101
8,230
1,522
6,622
9,790
6,683
3,106
8,104
5,026
8,066
7.232
25,188
12,082
2,647
1,084
8,351
1,508
6,807
9,719
6,657
3,062
8,320
5,143
8,284
7,431
25,834
12,263
2,692
1,079
8,492
225
177
230
184
252
180
248
179
249
183
256
181
263
180
1,486
3,050
2,096
1,553
3,064
2,081
1,523
3,190
2,199
1,516
3,141
2,148
1,567
3,207
2,250
1,525
3,163
2,168
1,544
3,179
2,176
1,003
1,270
1,016
2,025
954
983
991
993
957
994
1,154
1,174
1,208
1,209
1,257
941
960
974
991
990
1,253
1,014
2,002
1,844
1,869
1,884
1,928
1,970
837
860
876
900
923
943
958
3,900
2,825
3,961
2,854
4,074
2,838
4,139
2,842
4,215
2,928
4,268
2,978
4,428
3,027
556
176
544
178
536
179
533
180
567
188
580
184
601
185
2,093
2,132
2,123
2,129
2,173
2,215
2,242
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
34 • February 1999
Table 2.—Personal Income by Major Source
[Millions of dollars, seasonally
Utah
Montana
Line
1997
Item
1997
1998
1998
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
17,042
16,711
331
17,226
16,889
337
17,392
17,052
340
17,603
17,258
345
17,800
17,464
335
18,104
17,739
366
17,985
17,613
372
40,785
40,600
185
41,423
41,229
194
42,109
41,912
197
42,440
42,256
184
43,006
42,828
178
43,777
43,595
44,350
44,170
182
181
11,134
909
-10
10,216
3,349
3,477
69
3,409
11,279
921
-9
10,348
3,375
3,502
64
3,438
11,409
931
-9
10,469
3,398
3,525
59
3,467
11,598
945
-10
10,643
3,413
3,547
56
3,491
11,732
958
-10
10,765
3,423
3,612
64
3,547
12,021
983
-11
11,027
3,447
3,630
62
3,568
11,837
963
-8
10,866
3,471
3,648
57
3,590
31,767
2,105
7
32,366
33,016
2,187
5
33,773
2,242
9
30,834
5,546
5,729
78
5,651
31,540
5,596
5,869
82
5,787
2,288
8
32,210
5,659
5,909
85
5,824
34,985
2,319
5,477
5,639
73
5,566
33,301
2,203
7
31,106
5,565
5,770
81
5,689
34,489
2,143
7
30,230
5,513
5,681
72
5,609
8,359
898
1,877
185
8,476
901
1,902
187
1,715
900
1,941
187
1,754
8,715
905
1,978
191
1,787
8,797
911
2,024
177
1,847
9,042
936
2,043
201
1,842
8,873
903
2,061
201
1,861
25,919
2,689
3,159
89
3,070
26,427
2,712
3,227
95
3,133
27,001
2,736
3,280
96
3,183
27,253
2,733
3,315
81
3,234
27,623
2,759
3,391
73
3,317
28,230
2,800
3,459
73
3,386
331
10,803
8,637
90
288
816
835
525
310
989
581
1,398
603
3,036
2,166
535
150
1,481
337
10,942
8,739
93
299
840
865
552
314
944
594
1,414
624
3,066
2,203
534
149
1,521
340
11,069
8,855
99
297
899
860
543
316
924
597
1,429
635
3,116
2,213
526
150
1,537
345
11,253
9,019
102
303
947
891
565
326
907
613
1,462
641
3,152
2,234
533
150
1,550
335
11,397
9,164
107
282
1,037
890
567
323
911
623
1,456
674
3,184
2,232
552
153
1,528
366
11,655
9,378
110
276
967
1,131
802
329
887
616
1,473
694
3,224
2,277
556
151
1,570
372
11,465
9,189
113
273
971
862
562
300
872
626
1,489
704
3,279
2,276
552
153
1,571
185
31,582
26,344
120
194
32,172
26,850
128
465
2,623
4,795
3,370
1,424
2,381
1,861
3,490
2,415
8,692
5,322
1,321
197
32,819
27,377
184
33,118
27,706
138
451
2,645
4,964
3,501
1,464
2,506
1,927
3,624
2,465
8,985
5,412
1,324
178
33,594
28,115
132
454
2,713
4,961
3,513
1,447
2,528
1,978
3,629
2,464
9,255
5,480
1,365
252
3,863
182
34,307
28,687
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments .
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits .
9
32,676
5,725
5,950
88
5,863
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income 5
Farm proprietors' income
Nonfarm proprietors' income
2,824
3,499
67
3,432
Earnings by Industry
Farm earnings
,
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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
448
2,546
4,709
3,350
1,359
2,349
1,809
3,437
2,342
8,585
5,238
1,318
258
3,662
254
3,746
132
449
2,611
4,879
3,420
1,458
2,459
1,889
3,642
2,435
8,882
5,442
1,317
254
3,871
California
Hawaii
1997
Item
Line
251
3,837
140
444
2,807
4,956
3,492
1,464
2,502
2,003
3,705
2,664
9,467
5,620
1,377
251
3,992
181
34,804
29,101
146
434
2,829
5,050
3,592
1,458
2,517
2,010
3,753
2,717
9,645
5,703
1,378
252
4,073
1998
1998
1997
III''
Income by Place of Residence
Personal income (lines 4-11)
Nonfarm personal income
Farm income (line 17)
828,319
821,505
6,814
841,373
834,364
590,783
39,881
-807
550,095
150,864
127,360
2,734
124,626
603,240
40,583
7,009
853,328
846,300
7,028
861,047
854,445
6,602
614,406
41,214
-885
572,307
877,393
896,215
889,688
6,526
30,162
30,002
160
30,390
30,232
6,265
884,237
877,644
6,593
636,674
42,864
641,707
43,129
652,544
43,851
-915
597,663
155,027
-936
607,758
131,547
2,664
128,883
156,376
132,081
2,436
129,646
21,409
1,401
0
20,008
5,075
5,078
160
4,918
871,128
30,704
30,548
156
30,659
30,503
30,985
30,819
156
30,900
30,740
160
21,597
1,410
0
20,188
5,077
5,125
157
21,876
1,426
0
20,450
5,080
5,174
156
5,017
21,783
1,414
0
20,369
5,082
5,208
149
5,060
21,927
1,427
0
20,499
5,095
5,306
145
5,161
21,925
20,501
5,137
5,347
148
5,199
22,086
1,434
0
20,652
5,180
5,373
134
5,239
17,167
1,714
2,527
4
2,523
17,313
1,717
2,567
4
2,563
17,544
1,725
2,608
4
2,604
17,438
1,698
2,647
4
2,643
17,539
1,700
2,687
3
2,684
17,525
1,694
2,707
3
2,704
17,673
1,698
2,714
3
2,712
160
157
21,440
16,008
139
17
1,389
156
21,720
156
21,626
16,065
144
16
1,354
160
21,767
16,122
144
16
166
172
21,914
16,249
157
166
31,205
31,033
172
Derivation of Personal Income
Earnings by place of work (lines 12-16 or 17-34)
Less: Personal contributions for social insurance2
Plus: Adjustment for residence3
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 4
Plus: Transfer payments
State unemployment insurance benefits
Transfers excluding State unemployment insurance benefits
127,701
2,578
152,767
128,254
2,589
621,361
41,596
-881
578,884
153,313
128,850
2,614
125,122
125,665
126,236
-915
592,894
153,743
130,756
2,593
128,163
461,038
46,132
83,613
2,909
80,704
471,510
46,659
85,071
3,114
81,957
480,854
47,108
86,445
3,159
83,286
487,240
47,202
86,920
2,768
84,152
500,198
48,308
88,167
2,334
85,833
503,998
48,361
89,348
2,503
86,845
513,280
48,917
90,348
2,278
88,070
6,814
583,968
496,465
6,074
2,182
29,940
92,490
64,309
28,181
37,050
36,527
53,342
47,798
191,062
87,503
13,176
5,826
68,502
7,009
596,230
508,738
6,340
2,199
30,769
94,923
66,056
28,867
38,114
37,305
54,368
49,107
195,613
87,493
13,077
5,728
68,687
7,028
607,378
519,410
6,265
630,408
539,438
6,593
635,114
544,485
-845
561,811
151,862
1,424
0
Earnings by Place of Work
Components of earnings:
Wage and salary disbursements
Other labor income
Proprietors' income5
Farm proprietors' income
Nonfarm proprietors' income
Earnings by Industry
Farm earnings
Nonfarm earnings
Private earnings
Agricultural services, forestry, fishing, and other 6
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
6,399
2,277
31,372
98,203
29,171
39,057
37,974
54,787
50,339
199,002
87,968
12,834
5,695
69,439
614,759
525,937
6,407
2,261
31,718
99,636
70,180
29,455
39,566
38,619
55,458
51,690
200,583
88,822
12,811
5,621
70,390
p Preliminary.
r
Revised.
1. The estimates of earnings for 1997-98 are based on the 1987 Standard Industrial Classification.
2. Personal contributions for social insurance are included in earnings by type and by industry, but they are
excluded from personal income.
3. 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
6,721
2,006
6,509
1,959
6,526
646,018
554,504
6,670
1,955
33,163
102,337
71,995
30,342
40,147
39,635
57,155
53,343
33,469
34,871
101,150
70,984
102,015
71,072
30,943
40,267
40,305
59,321
204,930
90,970
12,951
5,768
72,252
30,166
39,995
39,707
58,494
55,863
207,339
90,629
12,956
: 5,703
71,971
56,924
212,176
91,514
12,970
5,621
72,922
21,249
15,858
139
16
1,414
780
197
582
1,802
780
2,644
1,729
6,553
5,392
1,276
1,568
2,548
794
191
603
1,813
804
2,652
1,789
16,060
141
16
1,354
812
187
625
1,839
798
2,662
6,610
5,432
1,768
6,672
5,660
1,299
1,324
1,566
2,566
1,564
2,772
149
150
1,370
17
1,354
811
817
17
1,319
804
193
611
1,809
821
2,635
1,805
197
620
1,839
811
2,662
1,759
6,671
5,561
1,344
1,571
2,646
21,760
16,168
614
1,813
807
2,658
1,735
6,767
5,645
1,355
1,585
2,704
196
621
1,791
814
2,625
1,789
6,813
5,592
6,889
5,665
1,366
1,375
1,546
1,534
2,756
2,679
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.
4. Rental income of persons includes the capital consumption adjustment.
5. Proprietors' income includes the inventory valuation adjustment and the capital consumption adjustment.
6. "Other" consists of the wage and salary disbursements of U.S. residents employed by international organizations and foreign embassies and consulates in the United States,
SURVEY OF CURRENT BUSINESS
February 1999
•
35
and Earnings by Industry, 1997:1-1998:1111—Continued
adjusted at annual rates]
Wyoming
Far West
1997
I
II
II r
I'-
IV
III
10,787
10,676
10,905
10,793
10,965
10,857
ll,089
10,985
11,161
11,050
11,315
11,211
110
111
112
108
104
111
105
7,230
7,267
7,379
7,426
7,516
7,556
7,693
504
-20
505
-19
512
-19
514
-18
522
-17
523
-15
533
-18
6,705
2,311
1,718
6,744
2,315
1,728
6,848
2,320
1,737
6,894
2,324
1,747
6,977
2,333
1,778
7,018
2,352
1,790
7,142
2,373
1,800
31
29
26
26
27
28
26
1,687
1,699
1,711
1,721
1,751
1,762
1,774
5,630
5,651
5,741
5,785
5,849
5,867
5,989
553
549
549
547
550
550
558
1,047
1,067
1,088
1,095
1,117
1,140
1,146
35
34
34
29
23
26
17
1,012
1,034
1,054
1,066
1,094
1,113
1,130
110
111
112
108
104
111
105
7,119
5,494
7,157
5,525
7,267
5,622
7,318
5,681
7,412
5,746
7,446
5,773
7,588
5,888
51
52
55
55
57
61
63
1,123
1,153
1,148
1,186
1,167
1,172
1,195
547
394
160
234
683
250
739
351
583
404
165
238
668
260
742
332
602
406
164
241
667
262
743
328
597
407
168
239
667
268
748
326
634
419
169
250
662
271
768
322
658
418
169
249
652
272
774
353
677
432
177
254
652
279
787
364
1,356
1,625
1,332
1,632
1,414
1,644
1,427
1,637
1,445
1,666
1,411
1,673
1,440
1,700
291
133
295
133
295
132
293
132
296
135
303
134
302
134
1,202
1,203
1,218
1,213
1,236
1,236
1,264
IV
IV
\r
IIr
III/'
1,138,403
1 129,644
8,759
1,156,030
1,147,066
8,965
1,171,168
1,162,189
8,978
1,183,167
1,174,663
8,504
1,203,772
1,195,621
8,151
1,215,753
1,207,201
8,552
1,232,287
1,223,746
8,541
14,986
14,974
15,229
15,217
15,230
15,219
15,352
15,342
15,763
15,753
15,698
15,687
15,828
15,818
11
11
11
10
10
10
10
814,494
55,498
-2,182
756,814
205,052
176,537
4,318
172,219
831,099
56,469
-2,252
772,378
206,515
177,138
4,085
173,053
844,898
57,255
-2,288
785,354
207,836
177,977
4,040
173,937
855,772
57,891
-2,327
795,554
208,632
178,980
4,156
174,824
874,426
59,462
-2,377
812,587
209,316
181,870
4,248
177,622
884,063
60,050
-2,411
821,602
211,141
183,010
4,343
178,667
898,895
61,038
-2,462
835,394
213,060
183,832
4,059
179,773
11,812
12,030
11,970
12,076
12,478
12,342
12,480
95
96
97
91
103
120
96
2,760
2,814
2,864
2,900
2,950
2,968
2,988
640,955
63,489
110,050
3,395
106,654
654,929
64,143
112,027
3,617
108,410
666,392
64,624
113,881
3,667
110,214
676,197
64,846
114,729
3,238
111,491
691,942
66,105
116,378
2,752
113,626
699,730
66,416
117,917
2,934
114,982
712,447
67,151
119,296
2,705
116,590
9,496
9,675
9,613
9,708
10,036
1,016
1,426
9,927
10,042
1,002
1,436
8,759
805,735
679,698
8,004
4,168
47,127
123,403
87,048
36,355
53,018
49,491
76,074
62,117
256,295
126,037
20,482
10,411
95,144
8,965
822,134
695,903
8,396
4,269
48,137
126,376
89,204
37,172
54,231
50,616
77,348
63,973
262,558
126,231
20,369
10,303
95,559
8,978
835,919
708,736
8,480
4,320
48,850
130,482
92,968
37,514
55,446
51,577
78,007
65,491
266,083
127,183
20,089
10,263
96,831
8,504
847,269
719,271
8,547
4,320
49,509
132,947
95,052
37,895
56,073
52,359
79,011
67,036
269,469
127,997
20,114
10,109
97,775
8,151
866,275
735,654
8,806
4,022
50,879
135,374
96,686
38,688
57,043
53,653
80,835
68,355
276,687
130,620
20,355
10,277
99,989
8,552
875,511
744,847
8,701
3,971
51,218
135,062
96,449
38,613
56,697
53,900
82,584
71,704
281,010
130,664
20,396
10,182
100,085
8,541
890,354
758,287
8,912
3,985
52,892
136,163
96,589
39,573
57,143
54,754
83,776
73,084
287,577
132,067
20,484
10,101
101,483
I
I
III/'
II
III*
845
861
857
864
897
886
895
-774
10,193
1,937
2,855
-790
10,379
1,939
2,911
-786
10,327
1,942
2,961
-795
10,417
1,944
2,992
-821
10,760
1,950
3,053
-812
10,644
1,965
3,089
-822
10,764
1,980
3,084
981
996
982
983
1,335
1,360
1,375
1,385
996
1,419
8
8
8
7
6
7
6
1,327
1,352
1,367
1,378
1,420
1,413
1,430
11
11
11
10
10
10
10
11,801
8,165
12,019
8,391
11,959
8,405
12,065
8,529
12,469
8,815
12,332
8,711
12,470
8,833
192
850
895
616
191
426
206
893
913
615
187
428
199
889
909
575
189
386
203
887
909
584
194
391
207
926
623
174
449
209
925
904
574
161
413
215
943
915
575
145
430
1,164
1,225
1,274
1,318
1,340
1,337
1,345
1,013
345
354
353
355
371
380
383
1,143
1,164
1,175
1,192
1,203
1,210
1,221
451
475
476
488
477
496
509
2,508
3,636
2,546
3,628
2,554
3,553
2,593
3,536
2,654
3,654
2,676
3,621
2,728
3,636
857
623
847
613
842
617
829
618
841
633
853
634
857
640
2,156
2,168
2,095
2,090
2,180
2,134
2,139
1997
1998
III
II'
IV
If
III*
I
II
43,660
43,610
44,297
44,246
44,670
44,618
45,470
45,420
46,188
46,137
46,984
46,931
47,888
47,834
76,524
75,931
77,276
76,681
78,275
77,681
79,090
78,506
80,267
79,680
81,023
80,415
81,775
81,147
144,753
143,622
50
51
52
50
51
53
54
592
595
594
584
587
608
628
1,131
32,477
1,941
-634
29,902
7,746
6,013
33,051
1,978
-644
30,429
7,771
6,097
33,337
1,995
-643
30,699
7,795
6,176
34,137
2,044
-664
31,430
7,806
6,234
34,716
2,085
-670
31,961
7,868
6,358
35,402
2,124
-686
32,591
7,980
6,412
36,231
2,173
-705
33,353
8,098
6,438
55,172
4,003
-1,519
49,650
14,082
12,791
55,845
4,045
-1,523
50,278
14,214
12,785
56,806
4,111
-1,560
51,136
14,332
12,807
57,554
4,158
-1,569
51,827
14,402
12,861
58,492
4,242
-1,592
52,658
14,469
13,140
59,044
4,278
-1,591
53,174
14,609
13,240
59,626
4,315
-1,593
53,718
14,756
13,301
102,841
7,427
1,552
96,965
25,348
22,439
147,465
146,325
1,140
148,960
147,824
1,137
151,549
150,448
1,101
153,261
152,182
1,079
156,827
155,704
1,122
159,375
158,225
1,150
1
2
3
105,335
7,592
1,550
99,293
25,652
22,519
106,502
7,654
1,586
100,435
25,921
22,605
108,862
7,815
1,582
102,628
26,085
22,836
110,139
7,947
1,622
103,813
26,190
23,257
113,644
8,209
1,594
107,029
26,423
23,375
115,928
8,371
1,594
109,151
26,670
23,555
4
5
6
7
8
9
10
11
IIr
III/'
157
163
164
168
179
157
407
384
378
385
432
445
414
774
713
655
753
807
787
821
6,012
6,071
6,189
6,234
6,281
12,385
12,401
12,429
12,476
12,708
12,795
12,887
21,665
21,806
21,950
22,083
22,450
22,588
22,733
26,627
2,274
3,575
27,138
2,295
3,618
27,359
2,285
3,693
28,070
2,316
3,751
28,528
2,346
3,843
29,111
2,379
3,911
29,832
2,422
3,977
43,993
4,518
6,661
44,542
4,509
6,794
45,348
4,547
6,912
45,983
4,557
7,014
46,733
4,615
7,144
47,204
4,640
7,200
47,692
4,646
7,288
82,634
7,869
12,338
84,750
7,967
12,618
85,676
7,978
12,849
87,759
8,091
13,012
88,907
8,121
13,111
91,966
8,346
13,332
93,929
8,467
13,532
8
9
8
6
6
6
6
107
111
113
107
98
100
100
359
372
375
346
304
316
313
3,567
3,609
3,685
3,745
3,837
3,905
3,972
6,555
6,682
6,798
6,907
7,046
7,100
7,188
11,979
12,246
12,474
12,666
12,807
13,016
13,219
1,140
04,195
86,681
1,046
1,137
105,365
87,653
1,060
1,101
107,761
90,155
1,077
1,079
109,060
91,395
1,011
1,122
112,521
94,518
1,097
1,150
114,777
96,544
1,114
50
51
52
50
51
53
54
592
595
594
584
587
608
628
1,131
32,427
28,281
33,000
28,804
33,285
29,018
34,087
29,778
34,666
30,249
35,349
30,821
36,177
31,529
54,580
46,663
55,250
47,281
56,212
48,189
56,970
48,807
57,905
49,634
58,436
50,145
58,998
50,627
101,710
186
831
188
861
197
837
211
850
216
815
235
786
244
787
459
81
476
84
484
84
504
88
506
82
503
83
518
82
954
207
3,852
1,538
1,019
3,819
1,552
1,019
3,861
1,590
1,038
3,924
1,629
1,068
4,010
1,680
1,110
4,093
1,707
1,100
4,258
1,703
1,122
4,198
10,803
8,495
2,308
3,534
4,041
5,996
3,565
13,986
7,917
1,390
4,330
10,679
8,318
2,361
3,495
4,158
6,051
3,735
14,273
7,969
1,395
4,364
10,961
8,577
2,385
3,635
4,324
6,094
3,900
14,342
8,023
1,357
4,437
11,151
8,741
2,410
3,633
4,298
6,164
3,935
14,595
8,163
1,398
4,468
11,449
9,029
2,420
3,638
4,397
6,349
3,830
14,914
8,271
1,420
4,342
11,583
9,150
2,433
3,665
4,406
6,362
4,064
15,137
8,291
1,429
4,314
11,484
9,047
2,436
3,679
4,452
6,428
4,134
15,537
8,371
1,438
6,828
17,177
12,838
4,339
7,632
6,414
9,767
6,353
28,935
17,443
3,147
1,968
12,329
533
552
561
570
607
581
1,911
1,464
3,293
2,358
13,507
4,267
1,975
1,484
3,393
2,430
13,882
4,309
1,995
1,533
3,404
2,471
14,126
4,417
2,020
1,557
3,525
2,579
14,319
4,528
2,047
1,582
3,601
2,638
14,668
4,648
636
284
638
282
634
280
633
279
656
284
661
283
678
284
3,226
3,276
3,353
3,397
3,476
3,584
3,686
143
144
147
148
149
149
150
6,384
6,430
6,519
6,616
6,701
6,713
6,783
NOTE.—The personal income level shown for the United States is derived as the sum of the State estimates.
It differs from the estimate of personal income in the national income and product accounts (NIPA's) because of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability
of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal
civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S.
firms.
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Line
1998
I'
5,941
1,942
1,437
3,221
2,308
13,477
4,196
12
13
14
15
16
IV
148
519
4
5
6
7
8
9
10
11
III
5,865
1,837
1,384
3,182
2,220
13,251
4,146
1
2
3
Washington
1997
IK
\r
IV
III
II
Oregon
I-
Line
III
1998
III
1998
II
Nevada
1997
II
1997
1998
I
Ilk
10,734
10,623
I
Alaska
1997
1998
84,266
214
217
219
177
201
202
6,917
17,812
13,433
4,380
7,642
6,559
9,892
6,559
30,040
17,514
3,113
1,970
12,431
6,990
18,340
13,945
4,395
7,729
6,665
9,995
6,651
30,005
17,713
3,098
1,961
12,654
7,166
19,138
14,681
4,458
7,742
6,792
10,143
6,733
31,145
17,606
3,098
1,872
12,635
6,855
18,474
14,182
4,293
8,108
6,911
10,065
6,498
33,296
17,665
3,132
1,857
12,676
7,056
19,231
14,859
4,373
7,888
7,037
10,369
6,914
34,725
18,003
3,132
1,868
13,004
7,215
19,582
15,010
4,572
7,996
7,212
10,570
7,074
35,578
18,233
3,165
1,872
13,196
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Now available on a CD-ROM
STATE PERSONAL INCOME FOR 1929-97
The latest State estimates are now available on this CD-ROM from the Regional Economic
Information System of the Bureau of Economic Analysis.
This CD-ROM contains the following detailed annual
estimates for all States:
• Personal income by major source
• Per capita personal income
• Earnings by industry
• Wage and salary disbursements by
industry
• Full- and part-time employment by
industry for 1969-97
• Wage and salary employment by
industry for 1969-97
• Transfer payments by major program
• Farm income and expenses
• Personal tax and nontax payments
This CD-ROM includes
• Gross state product for 1977-96
• State economic profiles
• BEA Regional Fact Sheet (BEARFACTS)
• The sources and methods used to prepare the estimates
/
«**•• <V
V
*
U.S. DEPARTMENT OF COMMERCE
Economics and Statistics Administration
Bureau of Economic Analysis
Regional Economic Measurement Division
This CD-ROM features
• Windows retrieval software you can use to display, print,
or export tables
• Easy-to-use help menus
• The Catalog of Products
• Telephone contacts
To order your copy now for $35 (product number RCN-0208), call the Order Desk at
1-800-704-0415 (outside the United States, call 202-606-9666). Visa and MasterCard
are accepted. To order by mail, send a check payable to the "Bureau of Economic Analysis,
B E - 5 3 " to the BEA Order Desk, BE-53, Bureau of Economic Analysis,
Washington, DC 20230.
The Catalog of Products is also available on our Web site at <www.bea.doc.gov>.
Get the details first!
Recent issues of the SURVEY are now available on the Internet at
www.bea.doc.gov
Monthly features
• The Business Situation-—discusses the latest estimates of
gross domestic product, corporate profits, and government
sector receipts and expenditures
• BEA Current and Historical Data—presents
selected national, international, and regional
estimates in tables and charts
42
Quarterly features
• U.S. International Transactions
• Personal Income by State and Region
Annual features
• Gross Product by Industry
• Gross State Product
• U.S. International Investment Position
SURVEY o/CURRENT BUSINESS
in
Special features
• Annual Revision of the NIPA's for 1995-97
• Manufacturing Earnings in BEA Component
Economic Areas, 1996
• Price Indexes for Selected Semiconductors, 1974-96
• State Personal Income: Revised Estimates for 1982-97
• U.S. International Transactions: Revised
Estimates for 1986-97
• U.S. Travel and Tourism Satellite Accounts for 1992
Go to www.bea.doc.gov
Business leaders, Researchers, Economists, Marketers, Policymakers
Get a comprehensive view of the worldwide operations of U.S.
multinational companies!
U.S. DIRECT INVESTMENT ABROAD
Operations of U.S. Parent Companies and their Foreign Affiliates
Revised 1995 Estimates and Preliminary 1996 Estimates
Presents the data from the annual surveys of U.S. direct investment abroad
for 1995 and for 1996. The data are presented by industry of the parent and
by industry and country of the affiliate.
Find out about
• The financial structure and operations
of the parent companies and their
affiliates
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• Balance sheets and income statements
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U.S. DIRECT INVESTMENT ABROAD
OPERATTONS OF U.S, PARENT COMPANIES
U.S. DIRECT INVESTMENT ABROAD
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send E-mail to orders@gpo.gov, or go to
<www.access.gpo.gov/su_docs/sale/prf/prf.html>. For the revised
1995 estimates, specify stock number 003-010-00276-0, and for the
preliminary 1996 estimates, specify stock number 003-010-00277-8.
SURVEY OF CURRENT BUSINESS
February 1999
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 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 <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 <www.whitehouse.gov/fsbr> provides summary statistics for GDP and
a handful of other NIPA aggregates. The Commerce Department's STAT-USA Web site <www.stat-usa.gov> provides detailed
databases and news releases from BEA and 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
International Data
A. Selected NIPA Tables: [QA]
1. National product and income
D-2
2. Personal income and outlays
D-6
3. Government receipts, current expenditures,
and gross investment
D-7
4. Foreign transactions
D-11
5. Saving and investment
D-13
6. Income and employment by industry
D-16
7. Quantity and price indexes
D-17
8. Supplemental tables
D-24
B. Other NIPA and NiPA-related tables:
D-27
D-27
Annual estimates: [A]
B.3. GDP by industry
D-28
B.4. Personal consumption expenditures by type of
expenditure
D-29
B.5. Private purchases of structures by type
D-30
B.6. Private purchases of producers' durable
equipment by type
D-30
B.7. Compensation and wage and salary accruals
by industry
D-31
B.8. Employment by industry
D-32
B.9. Wage and salary accruals and employment
by industry per full-time equivalent
D-33
B.10. Farm sector output, gross product,
and national income
D-34
B.11. Housing sector output, gross product,
and national income
D-34
B.12. Net stock of fixed private capital, by type ... D-35
C. Historical tables: [A]
C.i. Historical estimates for major NIPA
aggregates
D-36
C.2.-C.7. Growth rates of selected components
of real GDP
D-39
D. Domestic perspectives [MA, QA]
D-41
E. Charts:
Selected NIPA series
Other indicators of the domestic economy
D-51
D-52
D-53
D-56
G. Investment tables:
G.i. International investment position of the United
States [A]
D-57
G.2. USDIA: Selected items [A]
Monthly estimates: [MA]
B.i. Personal income
B.2. Disposition of personal income
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-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-60
G.5. Selected financial and operating data of nonbank
U.S. affiliates of foreign companies [A]
D-61
H. International perspectives [MA, QA]
D-62
I. Charts
D-64
Regional Data
J. State and regional tables:
J.i. Total and nonfarm personal income [QA]
J.2. Percent of personal income for selected
components [A]
J.3. Per capita personal income and
disposable personal income [A]
J.4. Gross state product [A]
D-66
K. Local area table
D-69
L. Charts
D-71
D-65
D-67
D-68
Appendixes
Appendix A: Additional information about
BEA'S NIPA estimates:
Statistical conventions.
Reconciliation tables [QA]
D-73
D-74
Appendix B: Suggested reading
D-75
D-43
D-49
D-2
• National Data
SURVEY OF CURRENT BUSINESS
February 1999
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 29,1999 and include the "advance" estimates for the fourth quarter of
1998.
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 1998 SURVEY OF CURRENT BUSINESS; table 8.26 was presented in the September 1998 SURVEY; and
the remaining "annual only" tables—tables 3.15-3.20 and 9.1-9.6—were presented in the October 1998 SURVEY.
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-USAJS 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" a day or two later, on BEA'S Web site <www.bea.doc.gov>.
The "Selected NIPA Tables" are also 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).
NOTE.—Beginning in late October 1999, BEA plans to release the results of an upcoming comprehensive
revision of the NIPA'S. For more information, see the box on page 7.
1. National Product and Income.
Table 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
Seasonally adjusted at annual rates
1997
1998
1997
1997
1998
1997
1998
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
8,110.9 8,508.9 8,170.8 8,254.5 8,384.2 8,440.6 8,537.9 8,672.8
IV
I
7,269.8 7,549.9 7,311.2 7,364.6 7,464.7 7,498.6 7,566.5 7,670.0
5,493.7 5,806.0 5,540.3 5,593.2 5,676.5 5,773.7 5,846.7 5,927.1
Personal consumption
expenditures
4,913.5 5,151.2 4,947.0 4,981.0 5,055.1 5,130.2 5,181.8 5,237.8
673.0 723.5 681.2 682.2 705.1 720.1 718.9 749.8
1,600.6 1,662.0 1,611.3 1,613.2 1,633.1 1,655.2 1,670.0 1,689.5
3,220.1 3,420.5 3,247.9 3,297.8 3,338.2 3,398.4 3,457.7 3,487.8
Durable goods
Nondurable goods
Services
668.6 735.9 679.6 684.8 710.3 729.4 733.7 770.1
1,486.3 1,543.1 1,495.7 1,494.3 1,521.2 1,540.9 1,549.1 1,561.4
2,761.5 2,879.4 2,775.4 2,804.8 2,829.3 2,866.8 2,904.8 2,916.8
1,256.0 1,369.2 1,265.7 1,292.0 1,366.6 1,345.0 1,364.4 1,400.9
1,188.6 1,308.8 1,211.1 1,220.1 1,271.1 1,305.8 1,307.5 1,350.9
860.7 939.4 882.3 882.8 921.3 941.9 931.6 962.9
240.2 246.8 243.8 246.4 245.0 245.4 246.2 250.6
620.5
327.9
692.6
369.4
638.5
328.8
636.4
337.4
676.3
349.8
363.8
685.4
375.8
712.3
388.1
67.4
60.4
54.6
71.9
95.5
39.2
57.0
50.0
-93.4 -154.1
-94.7
-98.8 -123.7 -159.3 -165.5 -167.8
965.4 958.5 981.7 988.6 973.3 949.6 936.2 975.1
688.
680.3 700.2 708.9 694.5 668.8 663.3 694.6
277.1 278.2 281.5 279.7 278.8 280.8 272.9 280.5
1,058.8 1,112.6 1,076.4 1,087.4 1,097.1 1,108.9 1,101.7 1,142.9
888.3 934.7 902.7 912.4 920.9 931.8 924.7 961.4
170.4 177.9 173.6 174.9 176.2 177.1 177.0 181.4
1,454.6 1,487.8 1,459.5 1,468.1 1,464.9 1,481.2 1,492.3 1,512.6
520.2
346.0
174.3
934.4
520.7
340.3
180.4
967.1
521.0
347.1
173.9
938.5
520.1
346.5
173.6
947.9
511.6
331.6
180.0
953.3
520.7
339.8
180.9
960.4
519.4
343.7
175.7
972.9
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Gross domestic product
1998
IV
531.0
346.0
185.1
981.6
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
1,206.4 1,332.4 1,215.8 1,241.9 1,321.8 1,306.5 1,331.6 1,369.8
1,138.0 1,268.9 1,159.3 1,169.5 1,224.9 1,264.1 1,270.9 1,315.6
859.4 961.8 882.2 886.2 931.9 960.4 958.7 996.5
203.2 203.0 205.2 205.7 203.1 201.9 202.0 204.8
660.9
282.8
771.6
312.1
682.6
282.3
686.4
287.9
738.8
298.5
771.3
309.1
769.3
316.5
806.8
324.2
63.2
58.5
51.0
66.5
91.4
38.2
55.7
48.9
-136.1 -241.4 -142.4 -149.0 -198.5 -245.2 -259.0 -262.9
970.0 984.2 988.1 998.8 991.9 972.1 965.3 1,007.7
726,
742.0 740.6 754.9 748.5 726.3 727.3 766.1
247.0 246.5 251.1 248.6 247.8 248.8 242.1 247.2
1,106.1 1,225.7 1,130.5 1,147.8 1,190.4 1,217.3 1,224.3 1,270.6
945.7 1,057.0 966.7 981.8 1,021.0 1,048.8 1,056.3 1,101.8
161.8 171.4 165.2 167.5 171.3 171.0 170.8 172.5
1,285.0 1,297.5 1,288.9 1,289.2 1,283.0 1,294.8 1,299.6 1,312.7
458.0
308.9
148.6
827.1
453,
300.4
152,
844,
458.9
310.2
148.2
830.1
456.5
308.7
147.
832.9
446.1
293.3
151.9
837.1
454.1
300.3
152.9
840.9
452
303.5
148.4
847.3
461.2
304.5
155.9
851.7
-7 3
-10.8
-8.9
-8.9
-14.2
-8.4
-6.1
-14.1
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.
Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.
Chain-type quantity indexes for the series in this table appear in table 7.1.
SURVEY OF CURRENT BUSINESS
February 1999
National Data •
D-3
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
1998
1997
Seasonally adjusted at annual rates
1997
1997
1998
1998
1997
IV
8,110.9 8,508.9 8,170.8 8,254.5 8,384.2 8,440.6 8,537.9 8,672.8
Gross domestic product
Final sales of domestic
product
Change in business
inventories
....
8,043.5 8,448.5 8,116.2 8,182.6 8,288.7 8,401.3 8,480.9 8,622.8
67.4
60.4
54.6
71.9
95.5
39.2
57.0
50.0
2,978.5 3,101.8 2,998.9 3,020.5 3,101.3 3,064.5 3,085.9 3,155.6
; 2,911.1 3,041.4 2,944.3 2,948.7 3,005.8 3,025.3 3,029.0 3,105.6
Goods
Final sales
i
Change in business
inventories
,
Durable goods
Final sales
Change in business
inventories
39.2
50.0
57.0
95.5
60.4
67.4
71.9
54.6
1,343.8 1,415.2 1,357.0 1,368.2 1,426.9 1,385.4 1,392.5 1,455.9
1,310.1 1,389.3 1,337.1 1,334.3 1,376.9 1,380.8 1,373.0 1,426.5
29.4
4.5
19.5
49.9
34.0
19.9
25.8
33.6
1,634.8 1,686.7 1,641.8 1,652.3 1,674.4 1,679.1 1,693.4 1,699.7
1,601.0 1,652.1 1,607.2 1,614.4 1,628.8 1,644.4 1,655.9 1,679.1
Nondurable goods
Final sales
Change in business
inventories
34.7
20.5
37.5
45.6
37.9
34.6 34.7
33.8
4,414.1 4,641.0 4,448.0 4,501.2 4,538.4 4,619.5 4,678.5 4,727.7
718.3 766.1 723.9 732.7 744.6 756.6 773.5 789.6
Services
Structures
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output
293.7
301.1
299.7
306.4
300.3
289.7
284.8
329.5
7,817.2 8,207.8 7,871.0 7,948.1 8,083.9 8,150.9 8,253.1 8,343.3
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
Gross domestic product less
motor vehicle output
IV
I
7,269.8 7,549.9 7,311.2 7,364.6 7,464.7 7,498.6 7,566.5 78670.0
7,203.7 7,488.3 7,256.3 7,294.8 7,372.5 7,456.4 7,507.6 7,616.9
55.7
91.4
48.9
38.2
51.0
63.2
66.5
58.5
4.2
3.2
4.0
3.9
2.9
3.3
3.1
2,867.9 3,008.9 2,890.2 2,917.0 3,000.8 2,969.7 2,995.0 3,070.1
2,799.7 2,945.8 2,834.0 2,844.8 2,904.3 2,927.7 2,934.8 3,016.3
55.7
38.2
91.4
63.2
48.9
66.5
51.0
58.5
1,364.8 1,474.9 1,384.8 1,404.8 1,470.3 1,437.1 1,457.1 1,535.1
1,331.9 1,449.6 1,365.8 1,371.4 1,420.4 1,434.1 1,438.2 1,505.6
18.5
4.2
32.2
18.7
31.6
28.1
47.3
24.5
1,509.6 1,545.4 1,512.7 1,520.4 1,541.6 1,541.6 1,547.8 1,550.6
1,475.1 1,508.9 1,477.1 1,482.4 1,495.2 1,505.4 1,508.3 1,526.5
37.4 20.7
34.1
44.1
34.2
32.3
34.1
31.5
3,798.7 3,916.6 3,816.4 3,841.1 3,854.8 3,907.3 3,940.1 3,964.2
612.5 637.4 614.6 617.2 625.2 632.1 641.7 650.7
-11.5 -21.2 -13.7 -13.9 -22.3 -18.6 -17.7 -25.8
260.8
268.9
265.1
274.7
268.5
260.7
253.0
293.4
7,008.8 7,280.7 7,046.0 7,089.7 7,195.9 7,237.6 7,313.0 7,376.4
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
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 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
Chain-type quantity indexes for the series in this table appear in table 7.17.
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Billions of dollars]
[Billions of chained (1992) dollars]
8,110.9 8,508.9 8,170.8 8,254.5 8,384.2 8,440.6 8,537.9 8,672.8
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases
Less: Change in business
inventories
965.4
958.5
981.7
936.2
973.3
975.1
1,058.8: 1,112.6 1,076.4 1,087.4 1,097.1 1,108.9 1,101.7 1,142.9
8,204.3 8,663.0 8,265.5 8,353.3 8,508.0 8,599.9 8,703.4 8,840.6
67.4
Equals: Final sales to
domestic purchasers
60.4
54.6
71.9
95.5
39.2
57.0
50.0
8,136.9 8,602.5 8,210.9 8,281.4 8,412.5 8,560.6 8,646.4 8,790.6
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
7,269.8 7,549.9 7,311.2 7,364.6 7,464.7 7,498.6 7,566.5 7,670.0
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
970.0
984.2
988.1
998.8
991.9
972.1
7,396.5 7,766.6 7,443.1 7,502.1 7,644.9 7,718.6 7,798.8 7,904.0
63.2
58.5
51.0
66.5
91.4
38.2
Table 1.8.—Real Gross Domestic Product by Sector
[Billions of chained (1992) dollars]
Nonfarm'
Nonfarm less housing ......
Housing
Farm
Households and institutions .
Private households
Nonprofit institutions
2
..,
General government .............
Federal
State and local
8,110.9 8,508.9 8,170.8 8,254.5 8,384.2 8,440.6 8,537.9 8,672.8
6,836.5 7,187.3 6,890.9 6,967.0 7,083.1 7,126.3 7,209.5 7,330.3
6,746.3 7,103.4 6,799.7 6,880.0 6,999.3 7,041.4 7,126.3 7,246.5
6,047.2 6,371.0 6,096.8 6,170.6 6,285.4 6,315.0 6,387.1 6,496.3
699.1 732.4 702.9 709.4 713.9 726.4 739.2 750.2
91.2
87.0 83.8 84.9 83.2 83.8
90.2
83.9
361.4 380.6 363.5 366.9 371.1 377.9 383.9 389.4
12.0
12.2
12.4
12.1
12.0
12.0
11.8
12.0
349.4 368.5 351.5 355.0 359.2 365.9 371.7 377.1
936.3 944.5 953.1
912.9 941.0
916.3 920.5 930.1
281.2 281.8 283.1
281.3 282.1
281.0 278.8 282.1 655.2 662.6 669.9
631.7 658.9
635.3 641.7 648.0
1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Gross 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.
48.9
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.
Chain-type quantity indexes for the series in this table appear in table 7.2.
[Billions of dollars]
Gross domestic product
55.7
7,330.2 7,704.8 7,388.0 7,432.1 7,552.2 7,676.4 7,739.8 7,850.8
Table 1.7.—Gross Domestic Product by Sector
Business'
965.3 1,007.7
1,106.1 1,225.7 1,130.5 1,147.8 1,190.4 1,217.3 1,224.3 1,270.6
Gross domestic product
Business'
Nonfarm'
Nonfarm less housing
Housing
Farm
Households and institutions ...
Private households
Nonprofit institutions
General government2
Federal
State and local
Residual
7,269.8 7,549.9 7,311.2
6,164.9 6,431.4 6,203.0
6,074.3 6,338.5 6,109.2
5,470.5 5,726.1 5,504.4
604.5 614.0 605.6
90.3
321.5
10.2
311.3
786.2
235.4
551.3
-3.7
92.2
328.8
319.0
793.9
232.1
562.5
-5.9
93.7
323.1
10.2
313.0
788.1
235.5
553.2
-4.4
7,364.6 7,464.7 7,498.6 7,566.5
6,255.6 6,352.3 6,382.6 6,445.9
6,165.8 6,260.4 6,290.5 6,351.8
5,559.6 5,655.9 5,680.5 5,736.1
607.3 606.2 611.5 617.3
88.8 91.1
91.4 93.6
325.1 326.7 327.7 329.4
10.0
10.0
9.8
9.9
315.1 316.9 317.9 319.5
787.3 789.6 792.2 795.4
232.5 232.4 231.9 232.0
555.5 557.9 561.1 564.2
-6.2
-4.2
-5.5
-5.6
7,670.0
6,544.9
6,451.2
5,832.1
621.1
92.7
331.6
10.0
321.6
798.4
232.3
566.9
-6.7
1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Gross 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.
Chain-type quantity indexes for the series in this table appear in table 7.14.
D-4 • National Data
SURVEY OF CURRENT BUSINESS
February 1999
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
1997
1998
1997
Seasonally adjusted at annual rates
1998
1997'
1998
1997
IV
8,110.9 8,508.9 8,170.8 8,254.5 8,384.2 8,440.6 8,537.9 8,672.8
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
274.3
266.3
270.3
270.6
273.5
283.0
285.9
285.1
289.3 292.1
,
Less: Indirect business tax and
nontax liability
Business transfer
payments
Statistical discrepancy ..
Plus: Subsidies less current
surplus of government
Equals: Gross national
product
871.8
720.2
908.0
753.4
877.0
725.2
887.6
734.7
894.5
741.1
902.3
748.5
912.3
757.3
922.9
766.6
760.5
810.4
765.8
778.2
790.5
803.2
816.8
831.0
40.4
151.6
57.0
154.6
40.6
151.8
43.5
152.9
49.4
153.4
54.7
153.7
59.5
155.0
64.4
156.3
128.3
130.3
128.3
129.1
129.4
129.6
130.6
131.6
23.4
24.3
23.5
23.7
24.0
24.2
24.4
24.7
7,231.1
7,285.1 7,347.3 7,474.9 7,519.6 7,598.5
627.2
655.6
35.1
-55.8
36.1
21.9
24.8
6,646.5
634.5
641.9
647.7
656.5
676.2
35.4 35.6
-65.1 -67.3
35.6
-54.1
36.3
36.0
-85.7 -102.0
36.4
23.4
23.5
632.0
22.0
23.9
24.6
27.1
Less: Consumption of fixed
capital
Private
Government
General
government
Government
enterprises
8,166.7
8,235.9 8,321.8 8,438.4 8,526.3 8,639.9
8,158.7
8,227.1 8,302.2 8,423.6 8,507.6 8,612.8
7,239.1 7,600.9 7,293.8 7,366.9 7,489.8 7,538.3 7,625.6 7,749.9
I
IV
238.0
245.6
237.6
241.0
241.0
235.7
240.7
248.9
250.5
249.6
252.8
254.6
7,307.0 7,350.7 7,455.2 7,485.9 7,546.7
7,266.2
,
672.2
137.4
861.5
713.9
139.4
814.0
676.0
137.7
829.3
683.1
138.1
841.1
694.4
138.6
854.4
707.2
139.0
867.8
719.8
139.8
882.5
734.0
140.3
116.1
117.5
116.3
116.6
116.9
117.2
117.8
118.1
20.6
21.2
20.7
20.9
21.0
21.1
21.3
21.5
6,493.3 6,525.1 6,617.8 6,635.8 6,683.8
Equals: Net national product
6,457.3
Addenda:
Gross domestic income !
Gross national income2
Net domestic product
7,319.7
7,369.5 7,424.7 7,512.9 7,574.8 7,656.8
7,316.2
7,365.2 7,410.8 7,503.4 7,562.1 7,637.0
6,460.8 6,693.5 6,497.6 6,539.4 6,627.8 6,649.0 6,704.0 6,793.0
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.
Chain-type quantity indexes for the series in this table appear in table 7.3.
Table 1.11.—Command-Basis Real Gross National Product
[Billions of chained (1992) dollars]
6,704.8 6,767.9 6,875.0 6,945.5 7,032.3
Less: Corporate profits with
inventory valuation and capital
840.9 820.8 829.2 820.6 827.0
817.9
consumption adjustments
Net interest
433.3 432.4 440.5 447.1 454.0
432.0
Contributions for social
727.0 767.6 730.8 740.9 755.0 762.9 771.6 780.9
insurance
Wage accruals less
3.7
4.0
4.0
4.0
disbursements
4.0
4.0
3.7
3.7
753.0 757.0 763.0 769.2 770.2
Plus: Personal interest income ...
747.3 764.9
750.
Personal dividend
261.3 261.6 262.1 263.0 265.7
income
260.3 263.1
260.4
Government transfer
1,093.1 1,111 1,117.7 1,124.6 1,131.6
1,083.3 1,121.3
payments to persons
1,086.7
Business transfer
27.8 28.1
27.2
27.5
28.3 28.6
28.2
payments to persons
27.;
Equals: Personal income
6,784.0 7,123.6 6,820.9 6,904.9 7,003.9 7,081.9 7,160.8 7,247.9
Addenda:
Gross domestic income
Gross national income
Net domestic product
IV
7,269.8 7,549.9 7,311.2 7,364.6 7,464.7 7,498.6 7,566.5 7,670.0
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
265.0
8,162.0 8,234.9 8,369.4 8,421.8 8,510.9
8,102.9
Equals: Net national product
Equals: National income
265.5
1998
Gross national product
7,266.2
7,307.0 7,350.7 7,455.2 7,485.9 7,546.7
Less: Exports of goods and
services and receipts of factor
income from the rest of the
world
Plus: Command-basis exports of
goods and services and
receipts of factor income'
1,208.2
1,234.2 1,235.8 1,232.8 1,213.7 1,201.1
1,246.7
1,277.2 1,280.2 1,296.5 1,283.4 1,275.1
7,304.7
7,350.1 7,395.1 7,518.9 7,555.6 7,620.7
Equals: Command-basis gross
national product
Addendum:
Terms of trade 2
103.2
103.5
103.6
105.2
105.7
106.2
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.
Chain-type quantity indexes for the series in this table appear in table 7.3.
Table 1.14.—National Income by Type of Income
D-5
National Data
SURVEY OF CURRENT BUSINESS
February 1999
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
[Billions of dollars]
Seasonally adjusted at annual rates
1997
1997
6,646.5
1997
I
IV
National income
Seasonally adjusted at annual rates
1998
Rental income of persons with
capital consumption
adjustment
Rental income of persons
Capital consumption
adjustment
Corporate profits with
inventory valuation and
capital consumption
adjustments
Corporate profits with
inventory valuation
adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits ...
Inventory valuation
adjustment
Capital consumption
adjustment
.....
Net interest
Addenda:
Corporate profits after tax with
inventory valuation and
capital consumption
adjustments
Net cash flow with inventory
valuation and capital
consumption adjustments ...
Undistributed profits with
inventory valuation and
capital consumption
adjustments
Consumption of fixed
capital
Less: Inventory valuation
adjustment
Equals: Net cash flow
551.2
35.5
575.5
27.1
556.5
36.3
558.0
31.4
564.2
27.4
571.7
27.7
576.1
25.2
590.0
28.3
43.0
34.3
43.8
38.8
34.7
35.0
32.3
35.4
-7.5
515.8
485.3
-7.2
548.4
514.5
-7.5
520.2
-7.4
526.6
495.5
-7.3
536.8
502.9
-7.2
544.0
511.6
-7.2
550.9
516.9
-7.2
561.7
526.5
1.0
.4
.5
2.4
-.1
.7
1.1
29.9
32.9
30.0
30.6
31.5
32.4
33.3
34.2
158.2
208.6
162.0
213.8
158.6
209.4
158.8
210.2
158.3
209.5
161.0
212.2
163.6
215.7
165.0
217.7
-50.4
-51.8
-50.8
-51.4
-51.2
-51.3
-52.0
-52.7
817.9
741.2
734.4
246.1
488.3
275.1
213.2
840.9
279.2
6.9
76.6
92.2
432.0
763.7
758.9
254.2
504.7
275.1
229.5
820.8
829.2
740.7
736.4
249.3
487.1
276.4
210.6
744.3
719.1
239.9
479.2
277.3
201.8
820.6
731.3
723.5
241.6
481.8
278.1
203.7
827.0
732.1
720.5
243.2
477.3
279.0
198.3
4.8
4.3
25.3
7.8
11.7
77.2
80.1
84.9
89.4
94.8
433.3
432.4
440.5
447.1
454.0
571.8
586.7
571.4
589.3
579.0
583.7
774.1
792.3
782.6
804.5
798.7
807.9
311.5
295.0
312.0
300.9
304.8
480.8
487.7
492.5
497.8
503.1
4.8
787.5
4.3
778.4
25.3
779.2
7.8
790.9
11.7
796.2
296.7
477.3
6.9
767.2
1997
1998
6,704.8 6,767.9 6,875.0 6,945.5 7,032.3
Compensation of employees ... 4,687.2 4,980.3 4,715.5 4,798.0 4,882.8 4,945.2 5,011.6 5,081.8
Wage and salary accruals
3,893.6 4,153.2 3,919.3 3,993.6 4,065.9 4,121.6 4,181.1 4,244.1
Government
671.4 679.5 685.8 692.7 700.1
664.2 689.5
1,322.2 3,386.4
1,386.4 3,435.8
1,463.7 3,252.6 3,322.2
1,229.4 3,463.7
3,229.4
1,435.8 3,488.4 3,543.9
Other
Supplements to wages and
793.7 827.1 796.2 804.4 816.8 823.5 830.5 837.7
salaries
,
Employer contributions for
400.7 420.2 402.7 407.4 414.1 417.9 422.1 426.7
social insurance
Other labor income
392.9 406.9 393.6 397.0 402.8 405.7 408.4 411.0
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
1998
500.7
Billions of dollars
Gross domestic product
of 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
99.7
509.4
477.3
500.7
477.8
4,005.7
480.8
487.7
492.5
497.8
503.1
509.4
4,534.7 4,603.2 4,668.0 4,712.2 4,782.8
4,483.5
506.2
484.7 489.1 495.0 499.2 506.5
4,049.9 4,114.0 4,173.0 4,213.0 4,276.3
524.2
3,139.8 3,352.8 3,160.8 3,228.8 3,283.2 3,327.8 3,375.1 3,425.1
Wage and salary
accruals
2,644.4 2,836.5 2,664.1 2,728.3 2,773.3 2,813.7 2,856.7 2,902.1
Supplements to wages
and salaries
495.5 516.3 496.7 500.5 509.9 514.1 518.4 522.9
Corporate profits with
inventory valuation and
capital consumption
adjustments
738.6 728.8 730.6 723.3 737.0
718.9
635.4
Profits before tax
656.6 644.5 620.5 626.2 630.5
Profits tax liability
254.2 249.3 239.9 241.6 243.2
246.1
402.3 395.1 380.6 384.5 387.3
Profits after tax
389.3
229.7 244.0 240.6 259.9 251.0
234.7
Dividends
172.7 151.2 140.0 124.6 136.3
154.5
Undistributed profits
Inventory valuation
adjustment
25.3
7.8
11.7
4.3
4.8
6.9
Capital consumption
89.4
94.8
99.7
92.2
adjustment
84.9
80.1
77.2
76.6
147.1
Net interest
150.5 156.4 159.2 161.9 164.1
Gross domestic product
of financial corporate
business
546.4
Gross domestic product
of nonfinancial
corporate business
4,414.5
Consumption of fixed capital
282.3
5,015.5 5,090.8 5,160.6 5,210.0 5,286.0
4,960.9
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
415.4
553.6
418.4
424.4
461.1
442.1 445.0
3,601.4 3,643.8
428.5
433.1
450.5
454.2
3.695.2 3,731.4
2,416.6 2,592.2 2,434.3 2,494.2
455.5
458.4
594.2
505.4
169.8
335.6
229.3
106.3
615.2
528.0
178.1
349.9
226.1
123.8
6.9
81.9
96.9
591.2
597.1
437.4
442.8
4,043.4 4,088.8 4,145.7 4,185.7 4,251.4
2,871.2 3,065.9 2,889.8 2,952.6
454.6
586.4
4,461.9 4,513.2 4,574.2 4,618.8
435.5
3,999.1
436.8
3,562.3
577.7
473.7
96.2
3.002.3 3,043.1
2,534.5 2,571.4
461.1
3,790.3
478.3
3,086.3 3,132.0
2,610.7 2,652.2
475.6
467.8
471.7
599.3
509.8
170.1
339.6
239.6
100.1
599.3
484.2
159.7
324.5
237.3
87.2
593.2
491.8
162.1
329.6
254.3
75.3
607.5
497.3
163.8
333.5
247.3
86.2
4.8
4.3
25.3
7.8
11.7
82.5
96.3
85.3
91.9
89.8
93.6
93.7
95.2
98.5
96.5
479.8
102.6
Billions of chained (1992) dollars
Gross domestic product
of nonfinancial
corporate business' ..
4,154.4
Consumption of fixed capital2 ...
Net domestic product3
394.6
3,759.8
4,198.5 4,247.5 4,309.2 4,352.0 4,417.2
422.4
397.2 402.1 409.3 417.7 426.6
3,801.3 3,845.5 3,899.9 3,934.3 3,990.6
436.0
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.
D-6
® National Data
SURVEY OF CURRENT BUSINESS
February 1999
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
1997
1997
IV
Personal income
Seasonally adjusted at annual rates
1998
I
IV
3,989.9 4,061.9 4,117.6 4,177.1 4,240.0
3,318.4 3,382.4 3,431.8 3,484.4 3,539.9
1,003.7 1,019.0 1,023.2 1,028.0 1,037.3
741.3 750.4 750.8 750.9 753.9
904.5 918.9 932.2 945.8 957.1
1,410.2 1,444.5 1,476.4 1,510.6 1,545.5
671.4 679.5 685.8 692.7 700.1
Other labor income
392.9
406.9
393.6
397.0
402.8
405.7
408.4
411.0
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Nonfarm
551.2
35.5
515.8
575.5
27.1
548.4
556.5
36.3
520.2
558.0
31.4
526.6
564.2
27.4
536.8
571.7
27.7
544.0
576.1
590.0
28.3
561.7
25.2
550.9
Rental income of persons
with capital consumption
adjustment
158.2
162.0
158.6
158.8
158.3
161.0
163.6
165.0
Personal dividend income ...
260.3
263.1
260.4
261.3
261.6
262.1
263.0
265.7
Personal interest income
747.3
764.9
750.5
753.0
757.0
763.0
769.2
770.2
Transfer payments to
1,110.4 1,149.5 1,114.0 1,120.5 1,139.0 1,145.8 1,152.9 1,160.2
persons
Old-age, survivors,
disability, and health
insurance benefits
565.9 586.7 568.3 572.2 581.6 585.0 589.0 591.3
Government unemployment
19.4
insurance benefits
19.5
19.5
19.6
19.3 19.6
19.5
19.9
23.4
22.3 23.3 23.2 23.3
22.4
22.6
23.8
Veterans benefits
Government employees
retirement benefits .........
151.4 159.2 152.2 153.8 156.8 158.4 160.3 161.4
Other transfer payments ....
350.8 360.6 351.3 352.9 357.6 359.6 360.9 364.3
17.1
17.6
19.1
18.7
18.0
16.7
Family assistance!
19.7
19,
Other
331.1 343.0 331.8 333.8 338.9 341.6 343.8 347.5
Less: Personal tax and nontax
payments
326.2
347.4
989.0 1,098.1
328.2
333.6
340.9
345.1
349.5
354.2
999.0 1,025.5 1,066.8 1,092.9 1,108.4 1,124.3
Equals: Disposable personal
income
5,795.1 6,025.5 5,821.8 5,879.4 5,937.1 5,988.9 6,052.4 6,123.6
Less: Personal outlays
5,674.1 5,998.1 5,723.3 5,781.2 5,864.0 5,963.3 6,039.8 6,125.4
Personal consumption
expenditures
Interest paid by persons
Personal transfer payments to
the rest of the world (net)
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of chained
(1992) dollars 2 ..
Per capita:
Current dollars
Chained (1992) dollars
Population (mid-period,
millions)
Personal saving as a
percentage of disposable
personal income
18.9
19.9
19.5
121.0
27.4
98.5
19.8
19.1
19.9
20.0
20.4
73.0
25.6
12.6
-1.8
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
21,633 22,299 21,709 21,871 22,046 22,192 22,373 22,584
19,349 19,785 19,385 19,478 19,632 19,719 19,829 19,958
267.9
2.1
268.8
270.2
1.;
1.
269.3
269.9
270.
271.1
1.2
IV
I
5,493.7 5,806.0 5,540.3 5,593.2 5,676.5 5,773.7 5,846.7 5,927.1
673.0
723.5
681.2
682.2
705.^1
720.1
718.9
749.8
269.5
289.4
274.5
271.6
277.0
288.8
282.6
309.2
271.4
132.1
292.0
142.0
273.8
132.8
276.0
134.6
288.5
139.6
288.9
142.3
294.1
142.2
296.6
144.0
1,600.6 1,662.0 1,611.3 1,613.2 1633.1 1,655.2 1,670.0 1,689.5
780.9
278.0
126.5
11.2
403.9
814.2
293.7
112.6
9.5
431.9
785.3
280.9
125.7
11.2
408.1
787.1
280.7
125.9
10.7
408.8
796.9
291.0
116.2
9.5
419.4
810.2
295.
111.6
9.8
428.3
818.7
293.7
111.7
9.8
436.2
831.1
294.9
110.8
9.0
443.7
3,220.1 3,420.5 3,247.9 3,297.8 3,338.2 3,398.4 3,457.7 3,487.8
829.8 877.8
327.3 339.3
126.2 122.9
201.1 216.4
240.3 252.5
843.4 888.0
979.3 1,062.9
835.4 847.0 859.1 871.9
896.5
330.4 337.0 327.6 339.2 348.4 342.0
127.0 129.2 116.8 124.1 129.8 120.8
203.4 207.8 210.9 215.1 218.5 221.2
242.2 246.3 249.5 253.2 253.4 254.1
848.7 857.9 871.5 884.2 893.0 903.1
991.3 1,009.5 1,030.5 1,049.8 1,079.1 1,092.1
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
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
Residual.
5,183.1 5,346.1 5,198.4 5,235.8 5,287.1 5,321.5 5,364.1 5,411.5
1998
1997
IV
Personal consumption
expenditures
Services ...
5,493.7 5,806.0 5,540.3 5,593.2 5,676.5 5,773.7 5,846.7 5,927.1
172.C 163.5 168.2 168.3 169.8 173.2 177.9
161.
1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating
under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1998
6,784.0 ',123.6 6,820.9 6,904.9 7,003.9 7,081.9 7,160.8 7,247.9
"Wage and salary
disbursements
3,889.8 4,149.2 3,915.5
3,225.7 3,459.6 3,248.9
Private industries
Goods-producing
industries
975.0 ,026.9 979.4
Manufacturing
719.5 751.5 722.3
Distributive industries .....
879.8 938.5 886.3
Service industries
,370.8 ,494.3 1,383.2
Government
664.2 689.5 666.7
Less: Personal
contributions for social
insurance
1997
4,913.5 5,151.2 4,947.0 4,981.0 5,055.1 5,130.2 5,181.8 5,237.8
668.6
735.9
679.6
684.8
710.3
729.4
733.7
770.1
239.3
258.7
244.4
242.7
247.8
258.9
252.6
275.6
307.7
127.7
347.1
138.5
312.7
128.5
318.1
130.8
335.8
135.1
339.3
138.6
352.0
139.1
361.3
1,486.3 1,543.1 1,495.7 1,494.3 1,521.2 1,540.9 1,549.1
1,561.4
699.3
288.4
117.9
10.3
373.0
717.0
310.3
119.8
9.6
390.5
700.6
291.9
118.4
10.7
377.0
706.8
141.2
718.9
309.8
121.1
9.9
393.4
726.1
312.5
121.3
9.3
396.1
2,761.5 2,879.4 2,775.4 2,804.8 2,829.3 2,866.8 2,904.8
2,916.8
292.3 307.4
118.1
10.1
376.8
118.5
9.2
383.5
716.3
311.4
118.4
9.7
389.2
717.4
301.3
116.0
185.1
212.2
701.7
830.5
735.0
317.5
116.9
200.4
220.3
723.0
885.7
719.5
305.0
117.2
187.7
213.7
704.2
834.8
723.9
311.1
118.4
192.5
215.9
709.4
846.6
728.7
306.3
110.5
195.6
217.9
714.9
862.9
732.7
316.5
117.4
198.9
221.4
721.6
876.7
737.1
326.3
123.8
202.4
220.5
725.3
898.2
741.4
320.9
115.8
204.8
221.2
730.1
905.1
-13.0
-21.6
-14.3
-14.5
-19.5
-20.3
-22.3
-24.0
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.
Chain-type quantity indexes for the series in this table appear in table 7.4.
National Data •
SURVEY OF CURRENT BUSINESS
February 1999
3. Government Receipts, Current Expenditures, and Gross InvestmentTable 3.1.—Government Receipts and Current Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
1997
1998
1998
1997
IV
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Current expenditures
I
II
2,616.0 2,650.3 2,703.6 2,745.2 2,779.7
2,589.2
989.0 1,098.1
246.1
627.2 655.6
727.0 767.6
999.0 1,025.5 1,066.8 1,092.9 1,108.4 1,124.3
254.2 249.3 239.9 241.6 243.2
632.0 634.5 641.9 647.7 656.5 676.2
730.8 740.9 755.0 762.9 771.6 780.9
2,476.1 2,536.7 2,479.8 2,506.7 2,504.6 2,529.5 2,538.9 2,573.6
Consumption expenditures
1,219.2 1,250.4 1,222.3 1,231.6 1,227.5 1,248.7 1,252.6 1,272.7
Transfer payments (net)
To persons
To the rest of the world (net)
1,096.0 1,134.0 1,096.6 1,114.6 1,121.1 1,126.7 1,135.8 1,152.2
1,083.3 1,121.3 1,086.7 1,093.1 1,111.2 1,117.7 1,124.6 1,131.6
9.9
21.5
9.9
9.0
11.2
20.6
12.7
12.7
Net interest paid
Interest paid
To persons and business
To the rest of the world
Less: Interest received by government
153.8
316.9
229.4
87.5
163.1
169.1
Less: Dividends received by government
14.8
16.1
14.8
Subsidies less current surplus of government enterprises .
Subsidies
Less: Current surplus of government enterprises
21.9
33.4
11.5
24.8
31.7
7.0
22.0
33.3
11.3
Less: Wage accruals less disbursements
Current surplus or deficit (-), national income and product accounts
Social insurance funds
Other
143.6
312.7
0
0
113.1
138.5
-25.4
136.2
161.8
148.2 146.2
314.3 314.5
224.4 223.4
141.9
312.0
221.7
166.1
91.0
168.3
90.3
170.1
15.2
15.7
16.0
16.0
16.6
23.4
32.7
9.3
23.5
31.8
8.4
23.9
31.4
24.6
31.0
7.5
6.4
27.1
32.7
5.5
0
0
0
143.6
199.0
215.7
148.5
-4.9
152.0
47.0
158.3
57.4
153.7 152.3
317.7 317.2
226.9 226.5
90.7
90.8
164.0 164.9
140.8
-4.6
138.2
309.9
171.7
0
240.7
163.8
76.9
173.0
D-7
D-8
• National Data
February 1999
SURVEY OF CURRENT BUSINESS
Table 3.2.—Federal Government Receipts and Current Expenditures
[Billions of dollars]
Table 3.3.—State and Local Government Receipts and Current
Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
1997
1997
Seasonally adjusted at annual rates
1998
1997
IV
1,719.9
Personal tax and nontax receipts
Income taxes
Estate and gift taxes
Nontaxes
769.1
745.8
20.6
2.7
Corporate profits tax accruals ....
Federal Reserve banks
Other
210.0
20.6
Indirect business tax and nontax
accruals
Excise taxes
Customs duties
Nontaxes
Contributions for social insurance
Current expenditures
Consumption expenditures
189.5
863.8
836.5
23.8
3.5
212.8
21.2
191.6
204.8
21.6
183.2
206.2
21.5
184.7
207.5
21.8
185.7
875.4
844.8
26.8
3.8
95.2
61.9
19.3
13.9
98.3
63.8
20.7
13.7
97.2
64.6
19.2
13.5
647.0
685.5
650.6
660.3
673.9
681.2
689.2
697.7
1,741.0 1,769.8 1,739.9 1,763.4 1,750.3 1,763.9 1,766.7 1,798.1
460.4
461.1
460.0
460.1
464.0
458.7
471.0
829.3
9.0
817.0
805.8
11.2
231.8 228.7
226.9
231.4
237.9
228.3
250.6
159.6
225.7
248.0
157.7
223.5
245.7
163.6
231.8
253.8
163.1
90.8
90.7
91.0
90.3
22.2
22.5
22.0
21.8
22.3
22.3
22.2
34.3
31.3
32.5
32.9
33.7
32.4
33.4
31.5
33.5
31.0
34.0
30.6
36.3
32.3
-1.4
-1.9
-2.5
-3.4
12.7
791.2
781.2
9.9
805.9
784.4
21.5
225.0
231.2
231.2
253.6
166.1
87.5
226.6
248.8
22.4
32.5
33.0
808.5
798.6
811.1
802.1
9.9
224.4
231.9
254.4
-3.0
0
0
-21.1
70.3
-91.4
450.9
94.1
228.8
250.7
160.7
0
Receipts
Personal tax and nontax receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals
93.9
60.7
19.1
14.1
Less: Wage accruals less
disbursements
855.7
826.3
26.2
3.2
93.8
60.8
18.9
14.2
Grants-in-aid to State and local
governments
Social insurance funds
Other
217.0
20.8
196.2
21.6
2.8
836.5
810.0
23.5
3.0
95.1
59.7
20.5
14.9
816.5
803.8
Current surplus or deficit
(-), national income
and product accounts
798.6
774.2
96.2
62.8
19.6
13.8
791.9
779.2
12.7
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of
government enterprises
776.9
753.7
20.5
2.7
93.8
59.5
19.6
14.6
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
III
1,739.6 1,765.5 1,809.1 1,838.3 1,858.8
857.8
829.4
25.1
3.3
808.7
20.6
Indirect business tax and nontax
accruals
Sales taxes
Property taxes
Other
Contributions for social insurance
Federal grants-in-aid
0
2.2
58.8
74.4
92.0
72.9
-73.3
80.9
-78.7
84.5
-25.7
90.6
-16.2
96.4
-4.4
219.9
164.3
32.0
23.6
III
IV
1,100.8 1,116.5 1,123.3 1,133.8 1,152.3
240.3
180.7
34.5
25.0
36 0
533.4
261.5
209.1
62 8
II
559.4
271.6
217.4
705
222.1
166.1
32.3
23.8
226.9
169.9
32.9
24.1
230.4
172.3
33.6
24.5
237.2
178.3
34.2
24.7
244.6
184.5
34.9
25.3
37 3
36 5
351
354
357
536.9
261.9
209.9
651
540.7
265.7
211.5
635
548.0
268.4
213.9
65 7
552.5
270.4
216.3
659
558.2
271.1
218.5
686
248.9
187.7
35.5
25.7
579.0
276.4
220.9
81 6
79.9
82.1
80.2
80.6
81.1
81.7
82.4
83.2
225.0
231.2
224.4
231.8
228.7
226.9
231.4
237.9
960.1
998.1
964.3
975.1
983.0
992.5 1,003.6 1,013.4
758.8
789.2
762.2
771.5
776.7
784.7
793.9
Transfer payments to persons ...
304.1
317.5
305.5
308.6
312.6
315.6
318.8
322.9
Net interest paid
Interest paid
Less: Interest received by
government
-77.4
63.3
-83.0
63.9
-78.2
63.3
-79.5
63.4
-80.7
63.6
-82 2
63.8
-83.7
64.0
-85.4
64.2
140 6
1469
141 5
142 9
1443
146 0
147 7
149 5
14 8
161
148
152
157
160
160
166
-10.6
.4
-9.5
.4
-10.5
.4
-10.3
.4
-9.9
.4
-9.6
.4
-9.4
.4
-9.2
4
10.9
9.9
10.9
10.7
10.3
10.0
9.8
9.6
0
0
0
0
0
0
0
0
Current expenditures
Less: Dividends received by
government
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of
government enterprises
Less: Wage accruals less
disbursements
Social insurance funds
Other
105.0
1,094.3
1998
I
IV
Consumption expenditures
Current surplus or deficit
(-), national income
and product accounts
-.3
1997
1998
134.1
68.1
66 0
67.7
136.6
141.4
140.2
141.3
148.7
67.9
68.7
67.6
73.8
67.5
72.7
67.7
73.6
67.4
81.3
801.7
67.9
National Data
SURVEY OF CURRENT BUSINESS
February 1999
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
1997
1998
1997
Seasonally adjusted at annual rates
1997
1998
Government consumption
expenditures and
gross investment'
, 1,454.6 1,487.8 1,459.5 1,468.1 1,464.9 1,481.2 1,492.3 1,512.6
520.2
520.7
521.0
520.1
511.6
520.7
519.4
531.0
National defense
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of
general government
employees, except
force-account
construction3
Consumption of
general government
fixed capital 4
Other services
Gross investment
Structures
Equipment
346.0
306.3
20.7
7.4
278.2
340.3
301.4
21.0
6.7
273.7
347.1
306.0
19.6
7.4
279.1
346.5
304.8
20.8
7.2
276.7
331.6 339.8
293.3 303.0
20.4 20.8
6.5
6.4
266.4 275.8
343.7
302.9
21.8
7.3
273.8
346.0
306.4
20.9
6.6
278.9
133.3
132.3
133.1
131.9
133.4
132.2
132.3
131.2
56.3
88.6
39.7
5.7
34.0
54.8
86.7
38.9
5.2
33.7
56.0
90.0
41.1
5.7
35.4
55.7
89.1
41.7
5.7
36.1
55.3
77.7
38.3
5.4
32.9
54.8
88.9
36.8
4.9
31.9
54.5
87.0
40.9
5.5
35.4
54.5
93.2
39.5
5.0
34.5
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 capital 4
Other services
Gross investment
Structures
Equipment
174.3
154.2
1.0
6.8
180.4
159.7
-.3
7.9
173.9
154.0
173.6
185.1
.9
7.4
180.9
160.9
1.3
7.6
175.7
.9
6.7
180.0
157.6
1.2
7.3
155.8
-4.8
8.1
164.6
1.1
8.4
-.1
6.9
146.3
.5
7.4
152.2
-.2
6.9
146.4
.1
7.3
147.0
0
7.3
149.1
.2
7.4
152.0
7.3
152.5
7.5
155.1
80.3
79.5
81.5
82.3
82.7
85.0
12.0
57.2
20.7
10.9
9.8
11.5
54.6
19.8
10.8
9.1
11.7
55.8
18.3
8.7
9.6
11.8
55.8
22.4
10.6
11.8
11.9
57.9
20.0
10.4
9.6
12.2
57.5
19.9
11.3
8.6
12.3
57.8
20.5
11.1
9.4
934.4 967.1
758.8 789.2
16.8
16.2
79.7 78.1
662.9 694.3
938.5
762.2
16.3
79.2
666.8
947.9
953.3
776.7
16.6
78.0
960.4
784.7
16.7
78.4
972.9
981.6
801.7
17.1
77.7
706.8
566.7
591.0
570.1
575.4
581.1
587.8
594.2
600.6
60.5
35.7
175.6
142.4
33.2
63.5
39.8
177.8
142.3
35.5
60.8
36.0
176.3
142.8
33.4
61.8
37.8
176.4
142.6
33.9
62.4
38.6
176.6
142.0
34.6
62.9
38.9
175.7
140.6
35.2
63.9
40.4
179.0
143.2
35.8
64.8
41.4
179.9
143.4
36.5
784.7
213.5
571.2
810.7
215.3
595.4
788.0
213.4
574.6
791.4
211.5
579.9
800.6
215.0
585.6
806.8
214.6
592.2
813.9
215.2
598.8
821.5
216.3
605.2
Federal
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
Addenda:
Compensation of general
government employees 3 ....
Federal
State and local
80.2
11.5
54.7
20.1
10.0
10.0
155.3
771.5
16.4
80.1
675.0
793.9
16.9
78.4
682.1
Federal
1997
1998
1,285.0 1,297.5 1,288.9 1,289.2 1,283.0 1,294.8 1,299.6 1,312.7
458.0
453.5
458.9
456.5
446.1
454.1
452.5
461.2
National defense
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of
general government
employees, except
force-account
construction3
Consumption of
general government
fixed capital 4 .........
Other services
Gross investment
Structures
Equipment
308.9
272.4
20.4
7.0
244.9
300.4
264.1
20.8
7.1
236.3
310.2
272.3
19.2
7.1
245.7
308.7
270.0
20.6
6.9
242.4
293.3
257.9
20.1
6.7
231.1
300.3
266.1
20.7
6.7
238.7
303.5
265.1
21.7
7.8
235.9
304.5
267.3
20.8
7.1
239.4
112.9
109.5
112.9
111.4
110.6
109.5
109.4
108.3
50.5
81.8
36.5
4.5
31.9
49.1
78.0
36.3
4.1
32.2
50.3
82.9
37.9
4.5
33.3
50.0
81.5
38.7
4.5
34.2
49.6
70.8
35.4
4.3
31.0
49.3
80.3
34.1
3.8
30.3
49.0
77.8
38.5
4.3
34.2
48.6
83.0
37.1
3.9
33.3
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 capital 4
Other services
Gross investment
Structures
Equipment
148.6
152.3
131.6
.3
7.2
148.2
128.5
1.3
6.0
147.3
129.0
1.3
151.9
130.0
1.5
152.9
148.4
132.9
1.7
6.9
128.4
-3.3
7.6
155.9
135.2
1.4
7.8
121.4
6.6
124.3
-.2
6.2
121.3
.2
6.5
121.2
0
6.5
122.0
.3
6.6
124.5
124.5
1.1
6.7
126.3
60.8
61.6
61.0
59.9
60.7
61.4
61.5
63.0
11.0
50.3
19.8
8.6
11.6
11.6
52.1
20.7
9.0
12.1
11.1
50.0
19.6
9.2
10.6
11.2
51.1
18.1
7.3
11.3
11.3
51.0
22.2
8.8
14.1
11.4
52.8
19.9
8.6
11.7
11.7
52.2
19.9
9.3
10.7
11.8
52.3
20.6
9.1
11.8
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
827.1
672.3
15.1
73.4
844.3
689.4
15.6
75.7
832.9
598.2
678.5
15.3
74.3
589.1
837.1
682.8
15.4
74.9
592.7
840.9
583.9
830.1
674.7
15.2
73.7
586.0
596.5
847.3
691.6
15.7
76.0
600.1
851.7
695.8
15.9
76.6
603.6
492.8
502.0
494.4
496.2
498.1
500.9
503.4
505.6
54.8
37.7
154.8
121.0
34.3
57.0
41.2
154.8
117.8
38.3
55.0
38.0
155.3
121.0
34.8
55.6
38.9
154.3
119.5
35.5
56.1
40.2
154.2
118.5
36.7
56.7
40.7
153.5
117.0
37.7
57.2
41.5
155.6
118.2
38.8
57.8
42.3
155.8
117.5
39.9
-2.9
-4.8
-2.6
-4.0
-3.9
-4.3
-5.1
-5.1
670.2
174.2
496.7
676.5
171.7
505.7
671.9
174.3
498.3
670.8
171.7
500.0
672.8
171.8
501.9
675.1
171.5
504.6
677.7
171.6
507.1
680.4
172.1
509.3
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 for goods
transferred to foreign countries by the Federal Government.
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 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.
Government consumption
expenditures and
gross investment'
1998
Addenda:
Compensation of general
government employees 3 ....
Federal
State and local
128.7
1.4
6.1
-1
6.2
687.3
15.6
75.4
1.0
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, excluding the
lines in the addenda.
Chain-type quantity indexes for the series in this table appear in table 7.11.
See footnotes to table 3.7.
D-10
• National Data
SURVEY OF CURRENT BUSINESS
February 1999
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
1997
1997
National defense
consumption
expenditures and
gross investment' ....
346.0
340.3
Consumption expenditures...
306.3
301.4
20.7
9.6
2.6
.7
.9
2.6
4.3
21.0
9.9
2.4
.6
1.0
2.5
4.6
7.4
6.7
2.9
1.5
3.0
1.9
1.7
3.1
7.4
3.1
1.2
3.2
278.2
273.7
279.1
Durable goods2
Aircraft
Missiles
Ships
Vehicles
Electronics
Other durable goods
,
Nondurable goods
Petroleum,products
Ammunition
..,
Other nondurable goods
Services
Compensation of general
government employees,
except 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
339.8
303.0
343.7
346.0
National defense
consumption
expenditures and
gross investment' ...
302.9
306.4
Consumption expenditures..
20.8
10.1
2.2
.6
20.9
.9
2.-5
4.6
21.8
9.9
2.7
.6
1.0
2.5
5.1
6.5
6.4
7.3
6.6
2.0
1.4
3.1
2.0
1.2
3.1
2.0
2.3
3.0
1.7
1.8
3.2
266.4
275.8
273.8
278.9
347.1
306.0
346.5
331.6
304.8
293.3
19.6
8.7
2.5
.7
20.8
9.7
2:7
.7
1.0
2.4
4.4
20.4
9.3
2.4
.7
1.0
2.6
4.4
7.2
2.5
1.7
3.1
276.7
.9
2:7
4.1
132.3
84.5
47.8
133.1
84.1
48.9
131.9
83.7
48.2
133.4
85.0
48.4
132.2
84.4
47.8
132.3
84.5
47.8
131.2
84.1
47.1
56.3
88.6
54.8
86.7
56.0
90.0
55.7
89.1
55.3
77.7
54.8
88.9
54.5
87.0
54.5
93.2
28.9
26.3
6.4
27.0
25.6
6.1
29.3
22.0
25.1
5.6
18.6
27.5
25.8
6.4
21.5
28.4
25.2
5.8
20.3
30.1
26.5
6.6
23.1
4.7
3.5
4.7
3.5
-.8
4.7
3.5
-1.3
36.8
39.5
4.9
40.9
5.5
31.9
4.3
2.7
6.0
1.8
3.6
13.5
35.4
6.1
2.9
6.5
1
3.3
15.1
34.5
7.1
2.9
6.8
1.4
3.2
13.2
132.2
132.3
131.2
20.1
20.9
6.9
20.4
4.6
3.6
4.7
3.5
4.5
3.6
4.7
3.6
4.6
3.5
-1.3
-1.1
-1.5
-1.4
-1.8
38.9
41.1
41.7
38.3
Structures
39.7
5.7
Equipment
Aircraft
Missiles
Ships
Vehicles
Electronics
Other equipment.
34.0
6.0
3.0
6.1
1.5
3.6
13.9
5.2
33.7
5.6
2.9
6.4
1.5
3.4
13.8
5.7
35.4
7.1
3.1
6.4
1
3.6
13.6
5.7
36.1
8.3
3.1
5.8
1.4
3.2
14.3
5.4
32.9
5.1
3.2
6.3
1.3
34
13.6
133.1
131.9
Addendum:
Compensation of general
government employees3
10.2
2.2
.7
1.1
2.3
4.4
133.3
84.2
49.1
28.6
25.7
7.0
21.0
Gross investment
Seasonally adjusted at annual rates
1998
26.9
5.0
,
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
capital 4
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
133.3
132.:
133.;
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.
Durable goods2
Aircraft
Missiles
Ships
Vehicles
Electronics
Other durable goods
Addendum:
Compensation of general
government employees 3 .
1997
1998
308.9
272.4
20.4
9.4
2.7
.7
.8
300.4
310.2
300.3
303.5
304.5
264.1
272.3
266.1
265.1
267.3
20.7
9.9
2.3
.6
.7
2.7
4.4
6.7
21.7
20.8
10.0
2.4
.6
2.7
1.2
2.9
1997
308J 293.3
270.0 257.9
19.2 20.6 20.1
9.1
8.5
9.6
2.5
2.6
2.8
.7
.7
.6
.8
.8
.8
2.8
2.9
2.6
4.2
3.8
4.2
6.7
7.1
6.9
4.1
20.8
9.7
2.5
.6
.8
2.7
4.4
7.0
7.1
2.8
1.4
2.8
2.6
1.6
2.9
3.2
1.1
3.0
2.5
1.6
2.9
2.5
1.3
2.9
244.9
236.3
245.7
242.4
112.9
74.8
38.3
109.5
73.2
36.5
112.9
74.9
38.2
50.5
81.8
49.1
78.0
28.5
23.8
5.6
17.5
26.1
22.7
5.3
4.5
3.4
2.8
2.9
.6
.8
2.8
4.8
.9
2.6
4.2
7.8
7.1
2.8
2.2
2.8
2.4
1.7
3.0
231.1
238J 235.9
239.4
111.4
74.3
37.3
110.6
73.8
37.0
109.5
73.1
36.7
109.4
73.2
36.5
108.3
72.7
35.8
50.3
82.9
50.0
81.5
49.6
70.8
49.3
80.3
49.0
77.8
48.6
83.0
27.9
17.4
28.7
24.3
6.1
17.8
23.1
6.1
18.0
21.4
22.6
•4.9
15.8
26.6
23.1
5.6
18.1
27.4
22.2
5.0
16.8
28.9
23.1
5.7
19.0
4.5
3.1
4.3
3.3
4,6
3.3
4.5
3.1
-1.2
-1.5
4.5
3.1
-.7
4.6
3.1
-1.3
45
3.1
-5
38.7
35.4
34.1
38.5
4.5
34.2
7.0
3.2
5.1
1.:
4.3
310
4.
3.2
5.6
1
3.8
4.3
5.0
12.7
30.3
3.5
2.8
5.4
1.6
5.4
12,6
34.2
5.4
2.9
5.8
1.4
5.3
14.1
3.9
33.3
6.0
3.0
6.2
1.3
5.1
12.3
- Q
-1.8
-2.1
-1.5
-1.1
36.5
36.3
4.5
31.9
4.9
3.1
5.4
1
4.9
13.0
4.1
37.9
4.5
32.2
4.8
3.0
5.8
1.4
5.2
12.9
33.3
5.9
3.3
5.6
1.4
5.1
12.7
-1.5
-1.6
-1.5
-1.4
112.9
111.4
112.9
9.7
109.;
4.6
13.4
110.6
109.5
109.
-1.1
37.1
108.3
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.
Chain-type indexes for the series in the table appear in table 7.12.
See footnotes to table 3.10.
SURVEY OF CURRENT BUSINESS
February 1999
D-ll
National Data
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
1997
Receipts from the rest of
the world
Exports of goods and services...
Goods l
.,
Durable
Nondurable
Servicesl
Receipts of factor income
1998
1998
1,256.0 1,254.9 1,243.6 1,220.2 1,201.2
1,230.9
965.4
688.3
483.0
205.3
277.1
1997
958.5
680.3
487.5
192.8
278.2
265.5
981.7
700.2 708.9
495.3 498.7
204.9 210.2
281.5 279.7
274.3
266.3
973.3 949.6
694.5
495.4 474.3
199.2 194.5
278.8 280.8
936.2
663.3
476.6
186.6
272.9
270.3
265.0
270.6
975.1
694.6
503.7
190.9
280.5
Capital grants received by the
United States (net)
Payments to the rest of
the world
Imports of goods and services .
Goods •
.
Durable
Nondurable
Services'
1,058.8 1,112.6 1,076.4 1,087.4 1,097.1 1,108.9 1,101.7 1,142.9
888.3 934.7 902.7 912.4 920.9 931.8 924.7 961.4
589.5 639.3 600.5 608.7 625.6 634.1 630.1 667.4
298.8 295.4 302.3 303.7 295.2 297.7 294.6 294.0
170.4 177.9 173.6 174.9 176.2 177.1 177.0 181.4
Payments of factor income
273.5
Transfer payments (net)
From persons (net)
From government (net)
From business
39.5
18.9
12.7
8.0
Net foreign investment
-140.9
283.0
40.4
19.9
12.7
7.9
37.6
19.5
9.9
8.1
285.9 285.1
49.4
19.8
21.5
8.1
37.0
19.2
9.9
7.9
289.3 292.1
36.8
19.9
9.0
7.9
39.1
20.0
11.2
8.0
48.8
20.4
20.6
7.7
-141.0 -167.8 -175.6 -214.8 -231.6
1. Exports and imports of certain goods, p
ment, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
Receipts of factor income
Imports of goods and services
Goods l
Durable
Nondurable
Services'
Payments of factor income
1,256.0 1,254.9 1,243.6 1,220.2 1,201.2
1,230.9
Exports of goods and services
Goods l
Durable
Nondurable
Services'
1997
1998
970.0
726.5
554.5
180.8
247.0
984.2
238.0
742.0
573.5
179.1
246.5
1997
1998
IV
I
988.1
740.6
570.4
180.4
251.1
998.8
991.9
972.1
754.9
578.1
186.3
248.6
748.5
577.9
181.1
247.8
726.3
556.2
179.3
248.8
965.3 1,007.7
727.3 766.1
562.9 596.9
174.9 181.1
242.1 247.2
245.6
237.6
241.0
241.0
235.7
IV
1,106.1 1,225.7 1,130.5 1,147.8 1,190.4 1,217.3 1,224.3 1,270.6
945.7 1,057.0 966.7 981.8 1,021.0 1,048.8 1,056.3 1,101.8
667.7 754.8 681.2 696.6 726.9 745.5 749.8 797.1
280.3 306.0 287.7 288.1 297.6 306.7 309.9 310.0
161.8 171.4 165.2 167.5 171.3 171.0 170.8 172.5
240.7
248.9
250.5
249.6
252.8
254.6
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
NOTE.-Chained (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.
Chain-type quantity indexes for the series in this table appear in table 7.9.
D-12 • National Data
SURVEY OF CURRENT BUSINESS
February 1999
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
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 services1 ...
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 •
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
goods
1997
1998
965.4
688.3
958.5
981.7
680.3
700.2
1997
Seasonally adjusted at annual rates
1997
1998
973.3 949.6
694.5 668.8
49.8 44.9
936.2
663.3
42.4
975.1
51.5
45.8
49.4
708.9
54.0
152.5
55.1
97.5
142.7
53.9
88.9
155.1
55.7
99.4
154.4
55.8
98.6
148.6
56.4
92.1
144.2
53.6
90.5
138.1
51.8
86.3
140.1
53.6
86.5
295.3
301.0
305.7
306.5
302.0
288.4
299.2
314.2
41.4
54.6
42.8
43.6
48.9
44.8
58.0
66.9
694.6
46.2
49.4
204.6
45.3
201.0
51.9
211.0
49.1
213.9
45.5
207.7
44.8
198.9
45.1
196.1
45.8
201.5
74.0
72.6
74.8
76.6
77.7
72.2
65.3
75.0
77.4
39.9
37.6
37.5
18.8
18.8
277.1
79.6
40.8
38.8
38.6
19.3
19.3
278.2
77.5
40.3
37.2
37.7
18.9
18.9
281.5
78.8
40.5
38.3
38.5
19.2
19.2
279.7
78.3
40.2
38.1
38.1
19.1
19.1
278.8
80.1
40.5
39.6
39.1
19.6
19.6
280.8
80.3
41.4
39.0
37.9
19.0
19.0
272.9
79.8
41.3
38.5
39.3
19.7
19.7
280.5
17.5
73.3
20.9
27.9
33.7
82.2
21.6
16.1
72.0
20.8
27.5
33.2
86.3
22.3
18.9
73.3
20.8
27.7
34.3
84.7
21.7
15.8
72.8
21.5
28.3
33.5
86.0
21.8
17.9
72.8
21.4
27.2
33.1
84.4
21.9
15.6
73.9
21.8
26.9
33.9
86.4
22.2
15.7
68.2
19.6
27.4
32.5
87.0
22.5
15.3
73.2
20.4
28.5
33.1
87.2
22.8
1,058.8 1,112.6 1,076.4 1,087.4 1,097.1 1,108.9 1,101.7 1,142.9
888.3 934.7 902.7 912.4 920.9 931.8 924.7 961.4
39.7 41.1
40.6
40.5
41.7
41.8
40.5
40.
135.4
69.3
66.2
71.8
143.
76.4
66.9
51.6
137.8
70.4
67.4
70.
139.0
71.8
67.2
68.6
141.3
73.4
67.9
54.9
144.4
77.2
67.2
53.9
144.8
77.7
67.0
49.2
142.6
77.3
65.3
48.1
254.2
271.4
260.9
264.8
268.9
270.5
267.0
279.3
16.6
21.7
19.0
18.1
17.9
22.4
21.9
24.6
70.2
167.4
72.8
176.9
72.8
169.1
70.9
175.8
72.4
178.7
71.7
176.4
71.1
173.9
76.1
178.6
140.8
148.0
150.3
141.7
141.0
146.0
143.5
163.6
193.0 215.9
98.5 110.7
94.
105.3
53.4 61.1
26.7 30.5
26/
30.5
196.0
99.6
96.3
55.
27.8
27.8
202.3 209.3 217.
102.9 107.0 111.6
99.4 102.3 105.9
57.7
56.5 56.7
219.8
113.5
28.2
28.;
28.4
28.4
170.4
177.9
176.2
10.2
47.3
7.2
12.2
51.3
18.:
29.9
10.3
45.9
7.1
12.6
52.7
18.3
29.1
11.5
44.9
7.2
177.0
12.2
181.4
12.3
52.7
18.2
30.0
173.6
11.8
51.6
18.8
29.1
10.
45.0
7.2
174.9
11.!
51.2
18.
29.3
9.43.8
7.0
28.9
28.9
177.1
12,
53.2
18.5
29.6
10.0
46.4
7.2
217.2
110.6
106.6
62.6
31
31.3
58.-
52.5
57.3
60.5
56.4
52.0
629.!
627.8
642.9
638.1
616.8
816.6
883.1
832.4
648.843.8
865.9
877.8
51.3
17.7
30.4
9."
48.4
7.3
49.0
106.3
67.3
33.6
33.6
12.3
53.5
18.3
30.9
9.7
49.5
7.3
52.6
614.3 642.0
875.
913.3
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.
1998
Exports of goods and
services
970.0 984.2
Exports of goods l
726.5 742.0
Foods, feeds, and beverages
42.8
43.9
Industrial supplies and
materials
132.4 130.8
Durable goods
49.8
48.8
81.1
83.6
Nondurable goods
Capital goods, except
388.6 408.1
automotive
Civilian aircraft, engines,
and parts
45.7
35.0
Computers, peripherals,
and parts
143.9 153.4
Other
242.8 241.2
Automotive vehicles, engines,
70.4
68.9
and parts
Consumer goods, except
73.7
automotive
75.9
Durable goods
38.5
39.5
Nondurable goods
35.3
36.3
Other
37.2
39.2
Durable goods
18.6
19.6
Nondurable goods
18.6
19.6
[
247.0 246.5
Exports of services
Transfers under U.S. military
15.3
16.1
agency sales contracts
Travel
61.2
64.0
Passenger fares
19.8
19.7
Other transportation
26.8
26.3
Royalties and license fees
29.5
30.2
Other private services
78.2
75.0
Other
16.2
16.1
-56.8 -60.7
Residual
Imports of goods and
services
1,106.1 1,225.7
Imports of goods'
945.7 1,057.0
38.0
Foods, feeds, and beverages
35.
Industrial supplies and
materials, except petroleum
123.7 137.6
and products
61.8
Durable goods
71.6
61.8
65.8
Nondurable goods
66.7
72.4
Petroleum and products
Capital goods, except
373.3 428.2
automotive
Civilian aircraft, engines,
18.1
14.1
and parts
Computers, peripherals,
163.5 203.5
and parts
217.6 238.5
Other
Automotive vehicles, engines,
129.4 137.9
and parts
Consumer goods, except
188.8 214.0
automotive
.....
97.7 112.6
Durable goods
91.1 101.4
Nondurable goods
49.9
57.3
Other
24.9
28.6
Durable goods
24.9
28.6
Nondurable goods
Imports of services'
161.8 171.4
Direct defense expenditures ...
12.9
11.6
Travel
47.
50.1
Passenger fares
16.1
16.3
Other transportation
29.4
28.1
8.4
Royalties and license fees
9.1
44.1
Other private services
47.8
Other
6.5
6.3
Residual
-44.9 -63.2
Addenda:
Exports of agricultural goods2
48.6
49.3
Exports of nonagricultural
681.1 697.
Imports of nonpetroleum
goods
878.3 984.3
1997
1998
740.6
42.3
998.8
754.9
47.4
991.9
748.5
45.6
972.1
726.3
41.7
965.3 ,007.7
727.3 766.1
44.2
39.9
134.2
49.1
85.1
134.7
50.2
84.6
132.8
51.4
81.5
130.7
49.2
81.6
127.9
48.2
79.8
131.8
50.4
81.5
404.7
408.7
405.5
389.7
407.6
429.6
36.1
36.7
41.0
37.4
48.6
55.7
156.2
250.7
152.4
254.9
146.2
248.4
149.2
238.3
156.4
235.6
161.8
242.8
71.1
72.9
73.9
68.7
62.1
71.0
73.7
38.8
34.9
37.5
18.7
18.7
251.1
74.8
39.0
35.8
38.3
19.2
19.2
248.6
74.4
38.7
35.6
38.3
19.2
19.2
247.8
76.3
39.2
37.0
39.5
19.8
19.8
248.8
76.6
40.1
36.5
38.7
19.4
19.4
242.1
76.2
40.2
36.1
40.4
20.2
20.2
247.2
17.7
64.1
19.3
26.3
30.7
77.3
16.1
-65.1
14.9
62.8
20.4
26.6
29.9
78.
16.1
-62.4
16.7
62.5
20.3
26.4
29.5
76.7
16.2
-57.1
14.6
62.7
21.2
26.2
30.2
78.3
16.2
-59.2
15.4
57.7
19.2
26.6
28.9
78.8
16.2
-63.5
14.6
61.8
18.7
28.2
29.4
78.9
16.2
-64.2
1,130.5 1,147.8 1,190.4 1,217.3 1,224.3 1,270.6
966.7 981.8 1,021.0 1,048.8 1,056.3 1,101.8
38.2
37.8
37.6
38.3
36.
36.3
140.3 140.0
73.3
74.3
66.7 " 65.3
73.4
73.3
426.2
448.5
18.3
20.4
202.3 226.0
237.0 241.5
125.9
62.4
63.5
69.1
127.:
64.5
62.7
132.8
67.2
65.6
68.3
137.3
71.4
65.6
74.5
385.0
396.7
413.6
424.7
16.1
15.2
15.0
18.8
171.9
220.2
173.1
231.1
187.9
238.5
197.7
237.2
130.2
129.1
135.5
133.9
132.
150.2
191.9
99.0
92.8
51.9
25.9
25.9
165.2
12.2
47.6
16.6
28.1
198.6
102.9
95.7
52.8
26.4
26.4
167.
12.6
48.4
16.:
206.3
107.8
98.
53.4
26.7
26.
171.3
13/
50.6
16.3
28.9
10.3
45.3
6J
-57.
215.5
216.1
113.3
102.8
58.8
29.4
,29.4
218.3
116.2
102.3
63.1
31.6
31.6
172.5
53.9
27.0
27.0
171.0
13.1
50/
16.4
29.1
170.8
12.7
49.4
12.2
49.6
8.9
46.7
6.5
15.5
29.6
8.6
48.9
6.6
-61.1
-62.9
50.9
47.6
45.8
706.-
701.5
682.9
720.2
914.!
952.2
974.6
982.8 1,027.5
29.0
9.:
9.2
45.4
6.5
-48.4
46.1
6.4
-50.4
48.6
52.:
896.9
113.4
102.2
16.1
30.0
8.6
50.1
6.5
-72.8
50.4
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-doilar estimates are usually not additive.
The residual line following the detail for exports is the difference between the aggregate "exports of goods and
services" and the sum of the detailed lines for exports of goods and 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.
Chain-type quantity indexes for the series in this table appear in table 7.10.
See footnotes to table 4.3.
D-13
National Data
SURVEY OF CURRENT BUSINESS
February 1999
5. Saving and Investment.
Table 5.1.—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1997
1998
1997
1998
I
Gross saving
1,406.3
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
-
1,141.6
121.0
296.7
213.2
6.9
76.6
477.3
242.8
3.7
264.7
49.5
70.6
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 .
1,427.0 1,428.0 1,482.5 1,448.5 1,474.5
27.4
92.2
500.7
252.6
4.0
69.7
-21.1
215.2
81.1
134.1
Capital grants received by the United States (net)
1,139.0 1,131.6 1,130.1 1,079.0 1,078.7
98.5 98.2 73.0 25.6
12.6
311.5 295.0 312.0 300.9 304.8
229.5 210.6 201.8 203.7 198.3
4.8
4.3
11.7
25.3
7.8
77.2 80.1 84.9 89.4 94.8
480.8 487.7 492.5 497.8 503.1
244.4 247.0 248.6 250.7 254.2
3.7
4.0
4.0
4.0
3.7
288.0
70.0
70.3
-.3
218.0
81.4
136.6
0
Gross investment
1,350.5
Gross private domestic investment
Gross government investment
Net foreign investment
296.4 352.4
72.3 128.7
70.2 69.9
2.2 58.8
369.4
143.9
69.5
74.4
223.7
83.5
225.6
84.3
140.2
141.3
224.1
82.7
141.4
0
0
-1.8
99.7
509.4
257.2
4.0
395.7
161.6
69.6
92.0
234.2
85.4
148.7
0
69.7
0
1,361.9 1,360.7 1,428.4 1,362.7 1,372.5
1,256.0 1,369.2 1,265.7 1,292.0 1,366.6 1,345.0 1,364.4 1,400.9
235.4 237.4 237.3 236.5 237.4 232.5 239.7 239.9
...
-140.9
Statistical discrepancy
Addendum:
Gross saving as a percentage of gross national product.
-141.0 -167.8 -175.6 -214.8 -231.6
-55.8
-65.1
-67.3
-54.1
17.4
17.5
17.3
17.7
-102.0
17.2
17.3
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
1997
1997
1997
1997
1998
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
1,188.6 1,308.8 1,211.1 1,220.1 1,271.1 1,305.8 1,307.5 1,350.9
860.7
939.4
882.3
882.8
921.3
941.9
931.6
962.9
240.2
246.8
243.8
246.4
245.0
245.4
246.2
250.6
177.3
33.5
183.6
34.8
180.0
34.1
178.9
34.1
180.6
34.2
181.8
34.7
183.7
35.0
188.1
35.3
22.7
6.7
21.6
6.8
23.8
6.1
24.3
9.2
23.5
6.6
22.4
6.5
20.7
6.8
20.0
7.1
620.5
692.6
638.5
636.4
676.3
685.4
712.3
206.6
233.5 213.0
213.6
226.5
231.6
235.2
240.8
81.1
125.5
138.6
95.2
138.3
147.3
84.0
129.0
140.7
83.7
129.9
142.1
91.8
134.7
145.4
94.8
136.8
146.8
95.6
139.5
147.4
98.7
142.1
149.6
152.0
123.3
175.9
135.9
158.8
126.0
155.9
124.8
172.4
132.0
181.2
137.0
164.0
138.8
186.0
135.9
327.9
369.4
328.8
337.4
349.8
363.8
375.8
388.1
319.9
164.4
22.6
132.8
360.9
329.4
168.7
23.8
136.8
341.5
175.8
25.1
140.6
355.4
183.8
23.5
148.1
367.3
190.9
23.9
152.6
379.5
187.3
24.4
149.2
320.8
164.0
22.0
134.7
8.0
8.5
8.0
8.0
8.3
8.5
8.5
8.6
1. Includes new computers and peripheral equipment only.
198.7
25.2
155.6
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
Residual
1998
IV
I
II
IV
1,138.0 1,268.9 1,159.3 1,169.5 1,224.9 1,264.1 1,270.9 1,315.6
859.4
961.8
882.2
886.2
931.9
960.4
958.7
996.5
203.2
203.0
205.2
205.7
203.1
201.9
202.0
204.8
150.5
28.7
150.6
29.6
152.0
29.1
149.5
29.2
150.1
29.2
149.8
29.5
150.1
29.7
152.5
29.9
17.9
5.8
16.9
5.7
18.6
5.2
18.9
7.8
17.9
5.6
17.0
5.5
16.4
5.8
16.3
6.0
660.9
771.6
682.6
686.4
738.8
771.3
769.3
806.8
298.0
388.4
311.5
320.7
353.4
376.8
399.6
423.8
214.8
126.6
125.9
352.6
141.2
132.9
229.9
130.0
127.7
242.9
131.5
128.6
292.2
136.7
131.5
331.5
139.7
132.5
370.5
142.8
133.1
416.5
145.5
134.3
140.3
113.0
162.8
123.2
145.9
115.6
143.8
114.1
159.6
120.2
167.9
124.6
151.7
125.8
171.8
122.3
282.8
312.1
282.3
287.9
298.5
309.1
316.5
324.2
275.1
303.9
153.1
21.3
130.1
280.1
139.0
21.0
120.9
290.5
145.2
22.1
123.8
300.9
137.2
20.2
118.5
274.5
136.1
19.5
119.7
151.3
20.7
129.6
308.3
155.6
20.8
132.6
315.9
160.2
21.7
134.6
7.7
8.2
7.8
7.8
8.0
8.2
8.2
8.3
-69.1 -159.3
-77.8
-85.5 -117.2 -143.7 -172.2 -204.3
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,
Chain-type quantity indexes for the series in this table appear in table 7.6.
D-14 • National Data
February 1999
SURVEY OF CURRENT BUSINESS
Table 5.10.—Change in Business Inventories by Industry Group
Table 5.11.—Real Change in Business Inventories by Industry Group
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1997
1998
1997
67.4
4.3
60.4
54.6
71.9
6.7
7.3
4.9
63.1
53.7
47.3
66.9
Change in book value•
52.1
34.0
41.8
61.1
Inventory valuation adjustment 2 ....
11.0
19.7
5.5
5.9
21.4
24.1
16.9
12.5
8.9
23.3
13.8
9.5
15.7
8.8
19.6
16.7
11.4
Change in business inventories
Farm
Nonfarm
..,
Manufacturing
Durable goods
Nondurable goods
8.4
8.0
18.7
8.4
10.4
17.5
4.6
21.5
12.9
12.6
15.6
19.0
10.8
3.7
7.3
8.2
5.9
11.9
11.7
3.8
2.5
1.9
Durable goods
2.4
2.0
.9
Nondurable goods
1.4
.4
1.0
7.3
2.4
5.1
-2.5
5.5
3.7
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Retail trade
Durable goods
3
19.1
12.8
6.3
8.9
2.5
17.8
15.3
1.3
-5.2
.8
11.7
3
3.9
2.7
2.9
3.5
Nondurable goods
2.2
4.8
1.7
2.5
11.0
2.2
8.8
8.1
-.2
7.4
8.9
2.7
4.7
1.4
7.5
Motor vehicle dealers
Other
Other
Durable goods
Nondurable goods
8.3
95.5 39.2
5.0 7.7
90.5 31.5
56.3 21.2
34.3 10.3
31.8
25.1
21.9
19.9
5.3
7.9
9.9
28.1
25.8
2.3
26.0
23.3
2.7
2.0
2.4
-.4
1.6
III
IV
57.0
7.7
49.3
32.0
50.0
17.3
16.9
Durable goods
20.1
12.3
7.7
19.4
Nondurable goods
10.8
Durable goods
30.5
10.1
8.4
1.7
Nondurable goods
15.5
6.6
43.3
26.5
8.6
6.2
15.0
4.8
29.2
6.6
-.1
13.8
5.0
15.4
3.0
1.3
1.8
18.3 -12.7
1.7
-.4
-5.5
6.1
.4
3.5
2.2
1.2
9.4
1.8 -17.8
-8.2
14.4
-15.3
5.9 -2.5
16.5
5.1
-10.0
1.8
8.7
2.7
-5.0
11.2
4.3
-.1
4.4
4.5
-1.9
6.4
1.2
-4.1
12.3
.4
11.9
.8
10.4
5.6
1. Beginning with 1982, this series is derived from the Census Bureau series "current cost inventories." For
earlier periods, it is derived from the Census Bureau "book value inventories" series. The series differ in the treatment of inventories reported on a last-in, first-out (UFO) basis: The series prior to 1982 is a mix of UFO and
non-LIFO inventories; the series beginning with 1982 is entirely on a non-UFO basis.
2. Beginning with 1973, the inventory valuation adjustment (IVA) shown in this table differs from the IVA that
adjusts business incomes. The IVA in this table reflects the mix of methods (first-in, first-out; last-in, first-out; etc.)
underlying inventories derived primarily from Census Bureau statistics (see footnote 1). This mix differs from that
underlying business income derived primarily from Internal Revenue Service statistics. Prior to 1973, the two IVA's
are the same because information required for separate estimates is not available.
3. Prior to 1981, inventories of auto and home supply stores are included in motor vehicle dealers. Beginning
with 1981, these inventories are included in "other durable goods."
1997
1997
1998
II
63.2
58.5
51.0
4.3
7.7
7.3
58.8
51.1
44.0
66.5
3.7
62.7
20.1
23.0
15.8
12.0
15.1
8.4
7.9
7.4
22.0
13.3
8.7
18.5
16.7
18.5
16.1
11.0
10.5
7.5
5.6
3.6
2.4
Durable goods
2.3
2.0
Nondurable goods
1.2
6.8
4.7
1.1
3.6
.4
Change in business inventories
Farm
Nonfarm ...
Manufacturing
Wholesale trade
Merchant wholesalers .......
Durable goods
Nondurable goods
Nonmerchant wholesalers
Retail trade
Durable goods
Motor vehicle dealers
Other
Nondurable goods
Other
8.1
2.1
9.9
Durable goods
1.9
Nondurable goods
8.1
Residual
1998
0
12.5
6.0
4.5
11.8
14.9
3.6
10.9
1.8
48.9
91.4
38.2
55.7
5.3
8.7
9.1
7.8
29.9
47.0
41.7
17.7
30.2
23.9
19.2
18.9
8.1
9.5
20.2
21.0
9.2
19.1
12.0
7.2
8.6
11.4
4.9
7.6
29.6
25.1
1.6
15.2
2.3
5.9
17.8
24.8
4.7
14.3
28.3
27.0
7.0
22.6
-.2
13.5
10.5
2.6
4.7
14.5
2.4
2.1
3.0
1.5
2.4
1.8
1.7
.9
-.3
1.2
-.4
-5.3
-7.7
2.2
5.0
3.4
2.5
4.7
2.7
1.6
10.5
3.3
2.5
7.5
-.2
6.5
8.1
2.3
1.2
8.0
4.2
6.9
-1.0
IV
85.9
-2.3
-4.7
.7
III
16.9
14.1
17.3
-11.9
1.6
-3.7
-16.3
-13.8
5.5
16.1
-2.3
4.9
11.5
.4
10.4
.7
11.5
10.0
-1.2
-1.5
1.3
8.4
10.4
9.9
8.3
1.7
6.5
6.0
.6
3.5
2.2
1.2
8.8
13.1
-9.1
1.7
7.8
2.6
-4.8
4.0
-.1
4.3
-1.3
5.3
4.2
-1.7
6.3
-.6
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.
SURVEY OF CURRENT BUSINESS
February 1999
D-15
National Data
Table 5.12,—Inventories and Domestic Final Sales of Business by
Industry Group
Table 5.13.—Real Inventories and Real Domestic Final Sales of Business
by Industry Group
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted quarterly totals
1997
Seasonally adjusted quarterly totals
1998
1997
1998
IV
Inventories
1
15339.9 1,348.4 1,363.6 1,366.5 1,369.1 1,371.5
110.5
Farm
109.1
110.8
108.9
103.9
102.4
1,229.4 1,239.3 1,252.8 1,257.6 1,265.2 1,269.0
704.1 711.0 721.5 720.0 721.8 725.5
525.2 528.3 531.3 537.6 543.4 543.5
458.6 462.0 466.1 469.1 471.1 470.4
286.0 287.9 292.1 295.4 296.1 295.3
172.7 174.1 174.0 173.7 175.0 175.1
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods -..
Retail trade
Durable goods
Motor vehicle dealers
Other
Nondurable goods
Other
Durable goods
Nondurable goods
317.8
199.1
118.8
321.0
200.5
120.5
324.8 326.0
206.2 205.6
332.0
208.4
120.4
272.9
276.0
173.6
102.5
280.7
177.9
102.8
45.2
27.7
123.6
286.7
172.4
100.4
45.0
26.6
18.4
318.1
172.1
85.6
86.5
146.0
....:.
134.8
.
Final sales of domestic business2
Final sales of goods and structures of
domestic business2
47.1
87.8
569.7
305.7
44.9
26.9
18.0
321.4
118.6
280.2
178.7
101.4
44.6
27.4
180.4
106.3
45.4
28.0
17.2
17.5 17.3
325.3 323.6 323.0
175.3 175.8 171.3 169.8
83.2
81.2
88.0
86.9
87.4
146.0
135.0
47.3
87.7
574.6
306.8
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
108.6 109.6 110.9 113.1 115.3 117.3
1,151.7 1,167.4 1,188.9 1,196.4 1,208.1 1,218.5
664.4 672.4 664.2 685.3 689.9 697.0
487.3 494.9 504.6 511.0 518.1 521.5
430.8 435.2 442.8 448.7 453.5 458.3
273.8 275.8 281.1 285.9 288.9 291.0
157.1 159.5 161.8 163.0 164.8 167.4
Retail trade
Durable goods
Motor vehicle dealers
Other
Nondurable goods
Other
:
Durable goods
Nondurable goods
173.5
83.5
88.6
153.2
90.1
152.2
136.6
47.4
138.9
47.6
89.2
582.3
91.3
139.1
47.5
91.6
138.8
46.8
92.0
590.6
596.0
606,7
316.9
Nonfarm
Durable gbods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
325.8
88.1
152.3
315.2
1,260.8 1,277.5 1,300.3 1,309.9 1,323.8 1,336.0
Wholesale trade
Durable goods
Nondurable goods
88.8
149.5
312.5
Inventories
Farm
334.1
209.9
124.2
288.4
181.4
107.0
45.7
28.5
17.2
324.6
Ratio of inventories to final sales of domestic
business
2.35
2.16
2.35
2.16
2.34
2.15
2.31
2.13
2.30
2.12
2.26
2.09
4.02
4.04
4.01
3.99
3.99
3.91
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in 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 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.
1
,
299.8
192.4
.".
Merchant wholesalers
Durable goods
,
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Final sales of domestic business2
Final sales of goods and structures of
domestic business2
,.
275.7
177.0
277.3
261.3
267.5
168.0
93.5
43.6
26.5
17.1
173.6
94.1
44.1
27.1
17.0
95.3
44.8
27.6
17.3
28.0
17.2
178.5
99.1
46.0
28.6
17.5
302.9
161.2
79.6
81.5
141.3
307.3
161.6
78.7
82.9
145.3
304.3
157.5
75.3
82.3
146.6
302.9
155.6
73.0
82.8
147.2
305.1
158.8
74.9
84.1
146.0
124.4
41.0
83.5
127.3
41.0
86.4
129.9
41.2
88.9
130.9
41.2
90.0
.4
512.3
.6
515.5
521.6
-.2
528.4
-.6
532.2
131.9
40.8
91.5
-.7
541.0
287.3
288.4
294.0
296.5
298.0
305.4
2.46
2.25
2.48
2.26
2.49
2.28
2.48
2.26
2.49
2.27
2.47
2.25
4.01
4.05
4.04
4.03
4.05
3.99
166.2
90.9
43.0
26.2
16.9
157.6
77.0
Residual
323.4
207.0
311.6
200,8
111.2
298.7
,
320.9
205.0
116.2
194.5
110.6
107.7
256.8
.'.
304.9
80.7
140.7
122.4
40.7
81.8
.2
313.5
201.2
112.6
268.7
173.6
99.0
45.2
116.6
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. 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.
D-16
• National Data
February 1999
SURVEY OF CURRENT BUSINESS
6. Income and Employment by IndustryTable 6.16C—Corporate Profits by Industry Group
Table 6.1 C—National Income Without Capital Consumption Adjustment
by Industry Group
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1997
National income without
capital consumption
adjustment
1998
1997
Corporate profits with inventory
valuation and capital
consumption adjustments
6,655.8 6,716.0 6,817.1 6,882.3 6,963.3
Domestic industries ...
6,606.0
6,664.5 6,735.4 6,832.2 6,901.3 6,990.6
Private industries
5,728.5
5,783.9 5,849.7 5,937.2 5,999.1 6,080.4
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
1,151.0
659.4
491.6
480.9
208.0
139.3
107.5
52.8
306.0
103.0
53.8
99.9
54.9
312.5 320.1
102.0
51.2
326.7
100.9
49.0
334.3
1,168.8 1,175.1 1,170.9 1,169.3 1,170.3
674.1 680.0 678.8 680.2 682.7
494.6 495.1 492.1 489.1 487.6
484.4
210.6
141.4
489.4
213.6
142.0
497.3
213.7
148.5
495.1
214.9
147.3
503.9
217.2
150.8
133.6
132.4
133.8
135.0
132.9
136.0
384.2
543.2
389.4
546.6
390.3 400.9
552.8 567.0
408.5
576.5
414.0
584.4
1,192.0
1,513.6
1,201.9 1,223.0 1,245.4 1,264.4 1,281.8
1,526.5 1,549.8 1,580.6 1,605.4 1,641.6
Government
877.5
880.6
885.7
895.0
902.2
910.2
Rest of the world
-8.0
-8.7
-19.6
-14.8
-18.8
-27.0
Domestic industries
Financial
Nonfinancial
Rest of the world
106.0
52.5
305.1
1997
1998
III
6,598.0
Agriculture, forestry, and
fishing
Mining
Construction
1997
1998
1998
IV
I
II
III
817.9
840.9 820.8 829.2 820.6 827.0
718.9
738.6 728.8 730.6 723.3 737.0
124.7
594.2
123.3 129.5 131.3 130.1 129.5
615.2 599.3 599.3 593.2 607.5
99.0
102.3
92.0
98.6
97.3
89.9
Receipts from the rest of the world
Less: Payments to the rest of the world
149.5
50.4
157.2 142.5 146.1 146.0 140.5
54.8 50.6 47.5 48.7 50.5
Corporate profits with inventory
valuation adjustment
741.2
763.7 740.7 744.3 731.3 732.1
642.2
130.0
23 3
106.6
512.3
214.4
107.3
56
15.5
661.4
128.6
23.6
105.0
532.8
228.9
120.0
6.6
17.3
648.7
134.7
24.1
110.6
514.0
212.3
107.5
5.8
15.7
645.8
136.3
24.5
111.8
509.4
197.1
100.8
6.3
12.6
633.9
134.4
24.4
110.0
499.5
194.6
104.5
5.7
15.5
642.2
133.2
24.7
108.5
509.0
195.0
109.4
4.9
17.5
27 6
31.5
30.1
23.2
28.5
30.4
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
24.8
3.8
30 0
107.1
22.7
28.1
18.0
38.3
88.4
17.6
31 2
39.7
49 8
61.2
985
99.0
27.6 24.0 21.9
62
21
60
31.0 29.8 30.7
109.0 104.8 96.2
22.2 25.9 20.6
28.9 28.4 27.0
18.2 14.9 10.9
39.7 35.7 37.8
88.3 88.6 91.7
18.0 17.0 17.3
32 3 31 3 341
38 0 403 40 3
52 7 47 6 51 5
62.7 62.2 67.4
1001 103 4 101 8
102.3
92.0
98.6
NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification.
19.8 20.5
46
49
30.1 31.5
90.2 85.6
21.4 22.0
18.9 18.4
7.2
10.0
39.8 38.0
87.5 92.7
17.5 18.5
32 5 34 8
37 5 39 5
53 5 53 9
67.4 67.1
96 5 100 2
97.3
89.9
IV
D-17
National Data
SURVEY OF CURRENT BUSINESS
February 1999
7. Quantity and Price Indexes.
Table 7.1.—Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1992=100]
Seasonally adjusted
1997
Seasonally adjusted
1998
1997
1997
1998
129.89
116.42
111.57
111.57
136.26
120.91
112.71
112.70
130.85
117.08
111.77
111.76
132.19
117.94
112.09
112.08
134.27
119.54
112.33
112.32
135.17
120.09
112.57
112.56
136.73
121.17
112.85
112.84
138.89
122.83
113.09
113.07
130.19
116.44
111.81
111.81
137.59
122.07
112.71
112.71
131.29
117.23
112.00
111.99
132.55
118.04
112.30
112.29
134.52
119.79
112.30
112.29
136.82
121.58
112.55
112.54
138.55
122.80
112.84
112.83
140.46
124.12
113.17
113.16
Exports of goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
153.42 151.62 156.05 157.99 154.79 149.06 147.83 154.82
161.92 165.39 165.07 168.25 166.82 161.87 162.10 170.76
94.75 91.67 94.54 93.89 92.78 92.07 91.18 90.65
94.75 91.68 94.54 93.90 92.79 92.09 91.20 90.66
Durable goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
137.77
136.86
100.66
100.66
148.09
150.63
98.33
98.32
139.43 139.64
139.12 140.17
100.23 99.62
100.23 99.63
144.34
145.39
99.27
99.28
147.39 147.15 153.49
149.30 150.18 157.64
98.72 97.98 97.35
98.73 97.99 97.36
Exports of services:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
145.25
129.48
112.18
112.18
Nondurable goods:
Current dollars
Chain-type quantity index...
Chain-type price index
Implicit price deflator
121.09
112.44
107.69
107.69
125.73
116.74
107.69
107.70
121.90
113.16
107.72
107.72
122.04
113.05
107.95
107.96
123.55
115.09
107.35
107.36
125.22
116.57
107.41
107.42
126.34
117.19
107.80
107.81
127.81
118.12
108.20
108.20
Services:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
Imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
158.27 166.32 160.90 162.55 164.00 165.76 164.69 170.84
165.35 183.22 169.00 171.59 177.95 181.97 183.02 189.93
95.72 90.69 95.16 94.62 92.05 90.98 89.87 89.84
95.72 90.78 95.21 94.73 92.16 91.09
89.95
133.64
114.61
116.61
116.61
141.96
119.51
118.80
118.79
134.80
115.19
117.04
117.03
136.87
116.41
117.59
117.58
138.55
117.42
118.00
117.99
141.04
118.98
118.55
118.54
143.51
120.56
119.05
119.04
144.75
121.06
119.59
119.58
Imports of goods:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
163.04 171.55 165.68 167.46 169.01 171.02 169.71 176.45
173.56 193.99 177.43 180.19 187.38 192.49 193.87 202.22
93.94 88.34 93.32 92.81 90.07 88.72 87.42 87.14
87.54 87.26
93.94 88.43 93.38 92.94 90.19
158.90
152.62
104.10
104.11
173.23
168.57
102.75
102.76
160.13
153.82
104.12
104.10
163.46
157.12
103.99
104.03
172.90
167.22
103.39
103.39
170.16
165.29
102.92
102.95
172.62
168.46
102.43
102.47
177.23
173.30
102.25
102.27
Imports of services:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
137.34
130.39
105.33
105.33
143.37
138.12
103.78
103.81
139.92
133.11
105.10
105.12
140.97
135.01
104.40
104.42
141.98
138.03
102.85
102.87
142.70
137.82
103.52
103.54
142.61
137.60
103.63
103.65
146.21
139.03
105.14
105.16
Fixed investment:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
151.72
145.25
104.45
104.45
167.06
161.97
103.20
103.15
154.59
147.98
104.50
104.47
155.74
149.28
104.37
104.33
162.25
156.36
103.81
103.77
166.67
161.36
103.33
103.29
166.89
162.23
102.91
102.87
172.44
167.92
102.73
102.69
Nonresidential:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator ......
154.28
154.04
100.15
100.15
168.39
172.41
97.72
97.67
158.16 158.24
158.13 158.86
100.04 99.64
100.02 99.61
165.14
167.04
98.90
98.86
168.85 166.99 172.60
172.15 171.84 178.62
98.12 97.21 96.66
97.18 96.63
115.10
101.68
113.20
113.20
117.72
102.67
114.65
114.66
115.49
101.99
113.24
113.24
116.17
102.01
113.87
113.87
115.91
101.53
114.17
114.17
117.20
102.45
114.39
114.40
118.09
102.84
114.82
114.83
119.69
103.87
115.23
115.23
141.97
145.86
144.13 145.64
144.79
145.02 145.55 148.10
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
Gross private domestic
investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Structures:
Current dollars
Chain-type quantity
index
Chain-type price index
Implicit price deflator
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
Government consumption
expenditures and gross
investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1998
150.98 149.91 153.52 154.61 152.22 148.51 146.41 152.50
151.70 153.93 154.53 156.21 155.12 152.03 150.96 157.60
99.53 97.39 99.36 98.97 98.13 97.68 96.98 96.76
99.53 97.39 99.35 98.97 98.13 97.68 96.98 96.76
145.87
129.23
112.89
112.88
147.58
131.64
112.11
112.11
146.64
130.32
112.53
112.53
146.17
129.91
112.52
112.52
147.21
130.46
112.84
112.84
143.08
126.93
112.73
112.72
147.04
129.60
113.46
113.45
Federal:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
98.53 98.62 98.68 98.51 96.90 98.63 98.38 100.58
86.75
86.92 86.46 84.50 86.00 85.71 87.34
113.58 114.81 113.52 113.91 114.66 114.66 114.77 115.13
113.58 114.82 113.52 113.93 114.67 114.68 114.79 115.15
120.09 119.97 121.29 121.56 120.06 119.36 119.42 121.03
118.22 121.56 118.83 119.79 120.58 121.49 121.85 122.34
118.22 121.59 118.83 119.81 120.60 121.51 121.87 122.36
National defense:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
92.07 90.55 92.38 92.21 88.24 90.43 91.47 92.06
82.20 79.95 82.56 82.15 78.06 79.93 80.78 81.02
112.00 113.25 111.90 112.23 113.04 113.12 113.22 113.62
112.00 113.27 111.90 112.25 113.05 113.14 113.24 113.63
159.64
178.20
170.04
93.88
93.88
198.50 175.62
89.84 93.54
89.77 93.53
176.58
92.75
92.72
190.08 198.43 197.91 207.58
91.57 90.35 89.13 88.31
91.54 90.32 89.10 88.28
Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index ...
Implicit price deflator
114.50
97.64
117.27
117.27
118.54 114.22 114.07 118.26
100.04 97.36 96.79 99.83
118.48 117.32 117.83 118.46
118.49 117.32 117.85 118.46
118.87 115.43 121.59
100.48 97.47 102.40
118.30 118.44 118.73
118.31 118.43 118.74
145.37
125.36
115.96
115.96
163.77
138.36
118.35
118.37
149.58
127.64
117.20
117.19
155.10
132.34
117.21
117.20
State and local:
Current dollars
Chain-type quantity index ...
Chain-type price index
Implicit price deflator
126.99
112.42
112.96
112.96
131.43
114.74
114.55
114.55
130.54
114.28
114.23
114.22
164.27 163.72 174.00 179.21 176.33 183.26
145.77
125.14
116.50
116.49
161.30
137.05
117.71
117.69
166.63
140.31
118.77
118.76
172.05
143.73
119.71
119.70
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-
Exports of goods and
services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1997
127.55
112.82
113.07
113.06
128.83
113.19
113.83
113.82
129.56
113.77
113.89
113.88
132.23
115.16
114.83
114.82
133.41
115.76
115.25
115.25
dollar output multiplied by 100.
Percent changes from preceding period for items in this table are shown in table 8.1. (Contributions to the percent
change in real gross domestic product are shown in table 8.2).
D-18
• National Data
SURVEY OF CURRENT BUSINESS
February
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
1997
1998
Gross domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
129.89
1.16.42
111.57
111.57
136.26
120.91
112.71
112.70
130.85
117.08
111.77
111.76
132.19
117.94
112.09
112.08
134.27
119.54
112.33
112.32
135.17
120.09
112.57
112.56
136.73
121.17 122.83
112.85 113.09
112.84 113.07
Final sales of domestic
product:
Current dollars
Chain-type quantity index ......
Chain-type price index
Implicit price deflator
128.95
115.49
111.1
111.66
135.45
120.06
112.84
112.82
130.12
116.33
111.87
111.85
131.19
116.95
112.19
112.17
132.89
118.20
112.45
112.43
134.69
119.54
112.69
112.67
135.97
120.36
112.99
112.97
Gross domestic purchases:
Current dolfars
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 ....
1997
1998
Chain-type quantity indexes
130.77
117.89
110.92
110.92
138.08
123.79
111.54
111.54
131.74
118.63
111.06
111.05
133.14
119.57
111.34
111.35
135.61
121.85
111.29
111.29
137.07
123.03
111.42
111.42
138.72
124.30
111.60
111.60
138.24
122.12
113.23
113.21
140.91
125.98
111.85
111.85
129.84
116.97
111.00
111.00
137.27
122.94
111.66
111.65
131.02
117.89
111.15
111.14
132.14
118.59
111.44
111.43
134.23
120.51
111.40
111.39
136.60
122.49
111.53
111.52
137.97
123.50
111.72
111.71
140.27
125.27
111.98
111.97
111.24 112.90 111.62 111.95 112.18 112.50 113.16 113.76
107.69 98.28 106.54 107.09 100.84 98.80 97.22 96.27
111.05 112.00 111.23 111.49 111.69 111.88 112.09 112.36
Table 7.3.—Quantity and Price Indexes for Gross National Product and
Command-Basis Gross National Product
[Index numbers, 1992=100]
129.53
116.16
111.51
111.52
130.48
116.81
111.72
111.70
131.64
117.51
112.04
112.03
133.79
119.18
112.28
112.26
134.63
119.67
112.51
112.50
136.05
120.64
112.79
112.78
Less: Exports of goods and
services and receipts of
factor income:
Chain-type quantity index
155.43
158.77 158.99 158.60 156.14 154.52
Plus: Command-basis exports
of goods and services and
receipts of factor income:
Chain-type quantity index
160.36
164.29 164.67 166.77 165.08
164.02
Equals: Command-basis gross
national product:
Chain-type quantity index
116.77
117.50 118.22 120.19 120.78
121.82
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Personal consumption
expenditures .............
Durable goods
.........
Motor vehicles and parts
Furniture and household
equipment
Other
116.44
136.86
115.66
Food
Clothing and shoes
Gasoline and oil
....
Fuel oil and coal
Other
118.15 117.33
119.79
145.39
119.77
121.58 122.80
149.30 150.18
125.13 122.10
124.12
157.64
133.21
179.20 185.88
150.12 150.74
115.19 116.41
177.34
146.43
115.09
107.10
136.29
111.18
84.48
120.30
117.42
118.98 120.56
190.82
152.97
118.12
110.02
138.55
113.80
85.59
124.22
121.06
113.28
127.48
110.13
140.42
140.09
111.60
123.53
114.62
129.27
108.68
144.56
139.96
112.90
127.53
110.92
121.36
108.85
130.63
134.28
108.52
117.02
113.63
127.90
109.67
141.47
139.35
111.80
124.80
111.24
122.87
109.94
132.46
135.22
108.90
117.63
111.93
125.31
111.09
135.87
136.61
109.70
119.29
112.67
123.38
103.67
138.04
137.85
110.55
121.58
111.81
100.66
112.65
112.71 112.00
112.30
99.62
111.88
112.30 112.55 112.84 113.17
88.20
103.41
107.69
111.67
96.39
107.33
109.60
108.30
116.61
115.66
108.65
108.79
108.68
113.23
120.18
117.91
84.18 87.57
102.56 103.34
85.92 85.14 83.55 82.09
103.29 102.74 102.21 102.00
116.11
108.31
108.38
108.38
113.32
120.52
118.77
86.75
102.92
107.95
112.45
96.00
106.60
106.02
108.52
117.59
117.00
108.33
109.12
107.95
114.06
120.95
119.28
111.67
108.13
113.54 112.10
99.48 107.17
112.45
107.79
112.74 113.10
101.89 99.93
113.88 114.46
98:44 97.67
112.10
113.41 112.32
112.59
112.89 113.25
113.57 113.92
105.96
127.87
110.59
93.96
116.99
Housing
Household operation
,
Electricity and gas
Other household operation
Transportation
Medical care
Other
117.23 118.04
139.12 140.17
114.61
112.44
Nondurable goods
122.07
150.63
125.05
183.31
150.07
116.74
108.65
137.57
112.42
87.56
122.49
119.51
162.50
138.41
Services
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Gross national product:
Current dollars
Chain-type quantity index .
Chain-type price index
Implicit price deflator
1998
1997
1997
165.15 168.01
139.26 141.74
113.16 113.05
106.15
129.44
111.08
97.69
118.25
106.06
129.62
110.79
92.27
118.17
116.57 117.19
108.54
138.07
111.10
89.08
122.06
108.93
137.36
113.60
91.10
123.39
113:95
131.47
116.21
142.87
139.49
112.17
126.57
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
Energy'
Personal consumption
expenditures less food
and energy
98.33 100.23
111.85 112.31
107.69 107.72
113.54
94.67
93.92
99.80
110.59
112.10
96.20
106.11
105.38
108.26
118.80 117.04
119.44
106.86
105.16
107.95
114.66
122.82
120.02
99.27
98.72
97.98
97.35
111.79 111.55 111.89 112.18
107.35 107.41 107.80 108.20
112.74 113.10 113.88 114.46
94.68 94.84 94.79 94.38
98.05 94.17 92.19 91.27
103.44 101.20 98.30 96.24
109.36 110.06 110.90 112.04
118.00 118.55 119.05 119.59
117.90
106.96
105.69
107.80
114.51
121.92
119.45
1. Consists of prices for gasoline and oil, fuel oil and coal, and electricity and gas.
119.00
107.19
105.76
108.12
114.35
122.54
119.78
119.92
106.73
104.86
107.93
114.92
123.13
120.17
120.94
106.56
104.34
107.96
114.86
123.70
120.69
National Data •
SURVEY OF CURRENT BUSINESS
February 1999
Table 7.6.—Chain-Type Quantity and Price Indexes for Private Fixed
Investment by Type
[Index numbers, 1992=100]
D-19
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
1997
1998
Seasonally adjusted
1997
1997
1997
1998
Chain-type quantity indexes
Private fixed
investment
Nonresidential
Chain-type quantity indexes
.....
145.25 161.97 147.98 149.28 156.36 161.36 162.23 167.92
.....
154.04 172.41 158.13 158.86 167.04 172.15 171.84 178.62
Structures
Nonresidential buildings,
including farm
Utilities
Mining exploration, shafts,
and wells
Other structures
Producers' durable
equipment
Information processing and
related equipment
Computers and
peripheral equipmentl
Other
Industrial equipment
Transportation and related
equipment
Other
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable
equipment
,
120.09 119.97 121.29 121.56 120.06 119.36 119.42 121.03
132.99 133.06 134.27
84.35
83.31
132.12 132.62
84.59 84.77
132.32
85.64
132.58 134.71
86.71
134.77 127.10 139.96
70.12 69.79 63.73
141.90 134.72
95.34 68.64
127.70
67.01
123.57 122.39
70.27 73.24
170.04 198.50 175.62
176.58 190.08
198.43
197.91 207.58
222.13 289.48 232.17
239.04 263.41
280.84
297.80 315.88
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 equipmentl
Other
Industrial equipment
...
Transportation and related
equipment
Other
488.82 802.44 523.22
140.28 156.46 144.09
140.93 148.76 143.00
552.78 664.79
145.72 151.52
144.03 147.28
166.94
144.39
125.14 127.64
125.07 127.62
116.78 119.34
149.30 160.01
133.12 134.47
162.83 188.91 169.27
142.95 155.93 146.25
125.36 138.36
125.33 138.44
117.72 131.40
154.04 162.90
131.79 144.74
754.21
154.79
148.36
843.02 947.72
158.26 161.26
148.98 150.40
185.27 194.89 176.07 199.40
152.09 157.63 159.20 154.80
132.34 137.05 140.31 143 73
132.34 137.10 140.43 143.89
124.67 129.88 133.54 137.50
169.09 158.07 158.70 165.72
137.71 144.15 147.42 149.68
126.88 135.09 128.14 128.56 132.40 135.23 135.42 137.30
104.37 103.81 103.33 102.91
118.22 121.56
104.50
100.04
118.83
119.79 120.58 121.49 121.85
102.73
96.66
122.34
117.79 121.85
116.62 117.60
118.41
117.05
119.57 120.29 121.38 122.38
116.73 117.13 117.36 117.91
123.33
118.00
126.85 127.96
115.51. 118.22
127.82
115.87
128.91 131.00 131.83 126.05
117.39 117.66 117.60 118.43
122.95
119.19
104.45 103.20
100.15
97.72
99.64
98.90
98.12
97.21
93.88
89.84
93.54
92.75
91.57
90.35
89.13
88.31
69.31
60.34
68.31
66.63
64.12
61.49
58.89
56.85
37.75 27.20
99.14 98.04
110.12 110.87
36.25
99.24
110.17
34.25 31.23 28.40 25.65
98.84 98.58 98.04 97.79
110.46 110.52 110.77 110.80
23.54
97.75
111.40
108.37 107.99 107.91 108.06
109.34 109.84 109.97 110.33
Structures
Single family
Multifamily
Other structures ...,
108.87
109.01
115.96 118.35 116.50
116.29 118.75 116.85
119.90 122.30 120.52
112.20 114.42 112.79
112.11 114.67 112.59
108.24
111.06
119.71
120.16
124.02
116.02
115.66
Producers' durable
equipment
104.03 103.67
Residential
108.35 108.05
109.15 110.30
1. Includes new computers and peripheral equipment only.
Receipts of factor income
Imports of goods and services
Goods1
Durable
Nondurable
,
Servicesl
Payments of factor income
151.70
161.92
184.30
122.31
129.48
172.59
165.35
173.56
192.73
141.26
130.39
189.82
153.93
165.39
190.60
121.19
129.23
183.22
193.99
217.87
154.24
138.12
154.53
165.07
189.57
122.04
131.64
178.10
169.00
177.43
196.63
144.99
133.11
196.25
156.21
168.25
192.15
126.07
130.32
172.29
171.59
180.19
201.07
145.23
135.01
197.50
155.12
166.82
192.06
122.56
129.91
174.77
177.95
187.38
209.81
149.97
138.03
152.03
161.87
184.87
121.32
130.46
174.79
181.97
192.49
215.18
154.59
137.82
150.96
162.10
187.09
118.34
126.93
157.60
170.76
198.39
122.53
129.60
170.96
183.02
193.87
216.42
156.18
137.60
189.93
202.22
230.07
156.22
139.03
196.82 199.34 200.76
Chain-type price indexes
Chain-type price indexes
Private fixed
investment
Exports of goods and services
Goods l
Durable
Nondurable
Servicesl
117.20 117.21 117.71 118.77
117.58
121.36
113.49
113.19
103.54 103.18
117.58 118.10 119.17
121.04 121.45 122.68
113.25 113.62 114.78
113.59 114.27 115.14
103.92
103.41 103.92 103.45
Exports of goods and services
foods» „.
Durable
Nondurable
Services'
.....
Receipts of factor income
99.53
97.39 99.36
94.75 91.67 94.54
87.10 84.98 86.84
113.58 107.69 113.58
112.18 112.89 112.11
111.56
95.72
111.70
90.69
98.97
93.89
86.23
112.85
112.53
112.09
94.62
98.13
92.78
85.69
109.99
112.52
112.16
97.68
92.07
85.23
108.54
112.84
112.27
90.98
96.98 96.76
91.18
84.64
106.75
112.73
112.42
89.87
90.65
84.35
105.47
113.46
Imports of goods and services
Goods l
Durable
Nondurable
Services1
93.94 88.34
88.29 84.68
106.63 96.32
105.33 103.78
95.16
92.05
93.32 92.81 90.07 88.72 87.42 87.14
88.14 87.33 86.02 85.01 83.98 83.69
104.91 105.15 98.99 96.82 94.86 94.62
105.10 104.40 102.85 103.52 103.63 105.14
Payments of factor income
113.61
113.74 114.15 114.23 114.46 114.71
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods
to services.
D-20
• National Data
SURVEY OF CURRENT BUSINESS
February 1999
Table 7.10.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Type of Product
[Index numbers, 1992=100]
Seasonally adjusted
1997
1998
1997
Seasonally adjusted
1998
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'
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 servicesl
Direct defense expenditures ...
Travel
,
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural
goods 2
Exports of nonagricultural
goods
Imports of nonpetroleum
NOTE.—See footnotes to table 4.3.
1998
Chain-type price indexes
Chain-type quantity indexes
Exports of goods and
services
1997
1997
99.03
157.60
170.76
109.53
126.02 124.49 127.73 128.26 126.37 124.42 121.74
132.60 135.19 133.37 136.26 139.53 133.62 130.85
122.56 118.89 124.76 124.05 119.48 119.62 116.99
125.42
136.76
119.47
151.70 153.93 154.53 156.21 155.12 152.03 150.96
161.92 165.39 165.07 168.25 166.82 161.87 162.10
108.86 106.20 104.84 117.42 112.93 103.30
220.70 231.79 229.84 232.10 230.31 221.33 231.50 244.00
99.20 128.77
147.71
500.14 533.29 542.94 529.93 508.13 518.86 543.70
221.55 220.16 228.74 232.61 226.64 217.43 214.98
562.48
221.58
149.78 146.52 151.26 154.96 157.10 146.00 131.96
151.04
143.37
144.74
141.93
129.34
129.34
129.33
148.17
151.16
145.06
140.31
140.31
140.31
129.60
92.90 121.08
147.51
148.87
146.08
136.44
136.44
136.44
95.72
143.24
146.08
140.26
130.34
130.34
130.33
97.25 108.63
145.41
146.71
144.04
133.18
133.18
133.18
144.58
145.75
143.35
133.29
133.29
133.29
148.30
147.63
148.97
137.45
137.45
137.45
148.97
150.92
146.94
134.70
134.70
134.70
129.48 129.23 131.64 130.32 129.91 130.46 126.93
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 servicesl
112.31
118.86
146.74
158.22
108.71
Transfers under U.S. military
agency sales contracts
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
165.35 183.22
173.56 193.99
128.72 137.50
169.00 171.59 177.95 181.97 183.02 189.93
Imports of goods and
services
150.31
157.94
143.27
129.39
167.12
182.77
152.46
140.32
152.87
159.28
147.00
133.93
278.05
318.98 286.75 295.47 308.05 316.31 317.47 334.10
148.15
116.82
118.43
111.02
150.73
150.52
107.75
140.54
111.76
119.42
113.25
147.32
156.81
108.49
162.54
117.01
116.43
111.13
153.42
155.06
108.04
137.1
153.02 133.79 141.39 133.96
114.80 114.23 114.53 105.36 112.90
122.84
112.39
149.34
156.81
108.17
122.28
111.43
147.50
153.83
108.35
127.59
110.38
150.86
157.10
108.42
115.50
112.31
144.17
158.11
108.47
177.43 180.19 187.38 192.49 193.87 202.22
131.31 131.58 138.43 138.70 136.81 136.07
154.60
164.62
145.31
129.65
161.33
171.48
151.91
132.43
166.75
182.43
152.05
144.40
170.39
187.31
154.51
142.28
170.01
189.84
151.35
142.17
111.94
143.99 127.70 121.20 119.07 149.04 145.70 162.15
515.96
241.80
642.11 542.54 546.41 593.05 623.78 638.48 713.14
265.08 244.71 256.88 265.09 263.60 263.33 268.33
140.97
150.2
141.80 140.64 147.58 145.91 144.00 163.59
153.94
152.86
155.06
143.99
143.99
143.99
130.39
174.50
176.22
172.72
165.38
165.38
165.38
156.43
154.92
158.01
149.71
149.71
149.7
138.1
133.11 135.01 138.03 137.82 137.60 139.03
84.16
122.50
154.42
110.19
166.13
176.1
112.75
93.39
129.92
152.22
115.49
179.25
190.83
116.3"
88.07
123.34
157.21
110.41
180.51
181.45
115.18
161.90
160.95
162.89
152.39
152.39
152.39
91.30
125.49
153.25
113.78
181.2:
184.40
114.22
168.17
168.64
167.69
154.04
154.04
154.04
98.95
131.26
154.12
113.68
202.68
180.90
116.08
175.70
177.35
173.98
155.65
155.65
155.65
94.55
131.60
155.69
114.09
175.60
186.59
116.05
176.17
177.18
175.11
169.68
169.68
169.68
92.10
128.23
146.85
116.20
169.12
195.46
117.26
177.97
181.72
174.12
182.17
182.17
182.17
87.98
128.57
152.23
118.01
169.61
200.38
115.85
118.52 115.46 108.01
103.87
114.37
168.32 172.43 172.10 174.59 173.38 168.77
169.57
177.99
178.06 199.54 181.83 185.39 193.04 197.57
199.24
208.31
111.85 110.43 110.4
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'
Direct defense expenditures ...
Travel
Passenger fares
Other transportation
Royalties and license fees
Other private services
Other
Addenda:
Exports of agricultural
goods 2
Exports of nonagricultural
goods
Imports of nonpetroleum
goods
97.39
91.67
99.36 98.97
94.54 93.89
97.68 96.98 96.76
92.07 91.18 90.65
117.30 107.12 116.76 114.31 109.56 107.87 106.26 104.81
99.53
94.75
98.13
92.78
115.23 109.12 115.59 114.60 111.90 110.29 107.99 106.32
112.74 108.15 113.34 111.17 109.79 109.01 107.47 106.33
116.60 109.55 116.82 116.52 113.02 110.89 108.13 106.15
75.99
73.68
75.52
74.93
74.40
73.93
73.33
73.07
118.02 119.51 118.43 118.73 119.11 119.52 119.38 120.02
34.31
84.26
29.39
83.28
33.04 32.01
84.19 83.85
30.94 29.83
83.57 83.41
28.66
83.20
28.14
82.94
105.10 105.29 105.18 105.17 105.17 105.16 105.23 105.59
105.05 104.97 105.18 105.32 105.35 104.98 104.87 104.67
103.71 103.24 103.77 103.91 103.79 103.22 103.16 102.79
106.48 106.83 106.70 106.84 107.04 106.88 106.71 106.70
100.84 98.46 100.65 100.50 99.46 99.01 97.89 97.47
100.84 98.43 100.65 100.48 99.43 98.99 97.87 97.45
97.87 97.45
100.84 98.43 100.65 100.48 99.43
112.18 112.89 112.11 112.53 112.52 112.84 112.73 113.46
108.28
114.57
106.17
106.20
111.61
109.51
134.50
105.79
117.71
104.97
102.45
112.41
110.35
138.06
95.72
93.94
88.34
107.67
117.86
102.80
102.85
112.33
110.35
137.30
102.47
118.32
102.08
102.76
112.48
110.41
139.13
92.05
90.98
89.87
90.07
88.72
107.00
114.43
107.75
105.34
111.76
109.58
134.33
105.95
115.87
105.11
106.11
112.15
110.05
135.34
107.77
116.46
105.51
102.90
112.22
110.12
135.46
95.16
94.62
93.32
92.81
111.70 108.43 111.82 110.85 109.24 109.1
87.42
105.25
118.38
109.50
101.29
112.66
110.52
140.37
87.14
107.21 108.13
109.45 104.09 109.39 109.15 106.32 105.09 103.14 101.82
112.02 106.87 112.91 111.40 109.30 108.11 106.02 104.02
106.97 101.40 105.95 106.99 103.40 102.12 100.32 99.75
107.54 71.39 101.78 102.62 80.40 72.43 67.07 65.66
68.09
63.30
67.72
66.63
64.90
63.58
62.53
62.17
117.86 119.86 118.31 118.78 119.41 119.73 119.56 120.74
42.92
76.94
35.77
74.07
42.24
76.79
40.78
75.96
38.3'
74.81
36.1:
74.27
35.04
73.31
33.56
73.89
108.80 108.94 108.87 109.25 109.24 109.01 108.55 108.94
101.85
99.99
103.88
106.90
106.90
106.90
100.89
98.22
103.80
106.5;
106.5;
106.5;
105.33 103.78
102.12
100.59
103.80
107.05
107.05
107.05
98.67
108.45
111.88
104.30
111.64
99.33
111.47
96.36 96.66
108.49 106.03
113.43 112.7'
103.47 103.10
111.76 112.15
99.03 99.48
111.32 110.86
102.24
100.86
103.76
107.14
107.14
107.14
95.63
105.17
113.2101.90
112.42
99.00
110.98
101.45
99.22
103.89
106.26
106.26
106.26
100.50
97.59
103.68
106.40
106.40
106.40
100.69
97.70
103.07
106.60
106.60
106.60
105.10 104.40 102.85 103.52 103.63 105.14
91.97
104.1
112.26
100.30
112.22
99.14
109.98
118.59 108.13 117.75 116.08 111.0:
92.49
100.92
98.38
103.68
107.03
107.03
107.03
93.35
104.80
112.56
101.87
112.33
99.33
110.87
96.00
103.85
114.46
102.62
112.48
110.70
101.20
107.87
113.67
102.79
112.66
98.69
112.36
109.55 107.22 104.66
89.97
92.34
91.77
90.94
90.30
89.51
89.69
92.79
92.2
90.88
90.02
89.02
89.12
SURVEY OF CURRENT BUSINESS
February 1999
D-21
National Data
Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type
[Index numbers, 1992=100]
Seasonally adjusted
1997
Seasonally adjusted
1998
1997
1997
Chain-type quantity indexes
Government consumption
expenditures and gross
investment'
Federal
National defense
Consumption expenditures
Durable goods2
Nondurable goods
Services
Compensation of
general government
employees, except
force-account
construction3
Consumption of
general government
fixed capital 4 .........
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
meral government
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
construction3
Consumption of general
government fixed
capital4
Other services ................
Gross investment
Structures
Equipment
Addenda:
Compensation of general
government employees3 ....
Federal
State and local....................
1997
1998
Chain-type price indexes
101.68 102.67 101.99 102.01 101.53 102.45 102.84 103.87
86.75
86.92 86,46
84.50
86.00
85.71
87.34
82.20
85.20
67.69
73.78
87.41
79.95
82.62
69.17
74.64
84.35
82.56 82.15
84.48
68.51
73.04
86.55
78.06
80.68
66.85
70.67
82.50
79.93
85.20
63.92
75.60
87.72
83.25
68.76
70.54
85.21
80.78
82.94
71.98
82.71
84.23
81.02
83.63
69.09
74.64
85.48
78.91
76.49
78.87
77.81
77.29
76.52
76.48
75.67
93.02
98.89
65.05
86.49
62.69
90.60
94.22
64.63
77.76
63.28
92.78
100.20
67.53
86.11
65.51
92.18
98.45
68.89
85.60
67.11
91.52
85.52
63.03
81.96
60.95
90.92 90.26
96.98 94.05 100.32
60.76 68.59 66.14
73.21 81.62 74.23
59.47 67.26 65.43
97.64 100.04
97.99 100.18
97.36
97.82
96.79
99.83 100.48
98.96 101.14
98.17
97.47 102.40
97.74 102.89
90.44 91.27
97.28 97.95
92.77
99.91
92.11
94.22
101.40
88.53
89.68
90.69
90.87
93.16
118.62 124.30 119.13 120.19
105.56 109.32 105.02 107.23
95.18 99.28 94.22 86.82
83.49 87.05 89.17 71.25
110.14 114.54 100.36 107.12
121.32
106.99
106.68
85.90
133.92
122.27
110.76
95.76
83.93
110.55
114.28
113.86
125.59
123.88
112.48
86.09
97.40
92.59 86.27
99.79 97.38
91.10
90.11
112.42 114.74 112.82 113.19 113.77
111.38 114.21 111.78 112.41 113.12
122.03 126.15 122.60 123.36 124.47
120.55 124.36 120.95 122.00 122.94
110.11 112.81 110.50 111.08 111.76
126.31 127.31
109.65 109.86
95.72 98.95
90.07 88.27
101.53 112.15
115.16 115.76
114.58 115.28
126.71 127.85
124.83 125.79
113.16 113.82
Government consumption
expenditures and gross
investmentl
113.91 114.66 114.66
National defense
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of
general government
employees, except
force-account
construction3
Consumption of
general government
fixed capital 4
Other services
Gross investment
Structures
Equipment
112.00
112.45
101.39
106.50
113.61
113.24
113.52
113.25 111.90
114.12 112.38
100.73 101.64
95.17 103.41
115.85 113.59
113.87 114.17 114.39
113.58 114.81
112.23
112.86
101.05
104.81
114.13
118.01 120.85
117.88
118.43 120.65 120.72
111.36
108.55
108.41
126.85
106.07
111.36
109.41
107.72
126.60
105.33
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 capital 4
Other services
Gross investment
Structures
Equipment
117.27
119.76
111.42
111.14
106.99
127.90
104.34
118.48
121.37
112.06
120.57
110.93
122.38
112.55 112.30
120.63 121.24
111.36 110.86 111.02 110.50
122.14 122.09 122.50 122.78
131.80
134.44
131.65 132.70
134.30 134.06 134.53 134.86
104.37
108.69
101.35
116.95
86.56
112.96
112.86
106.77
108.52
113.53
104.23
109.90
100.05
120.99
81.40
114.55
114.49
107.65
103.16
116.06
104.13
109.08
101.18
117.46
85.82
113.07
112.98
106.91
107.49
113.80
114.99
117.73
115.30 115.97
110.45
94.83
113.46
117.75
96.79
111.48
96.75
114.87
120.77
92.87
110.47
94.78
113.53
117.99
96.23
111.19 111.13 111.08 111.63
97.37 96.11 95.48 97.54
114.37 114.51 114.49 115.01
119.27 119.82 120.13 121.14
95.57 94.35 93.28 92.28
112.09
97.87
115.46
121.97
91.56
117.09
122.57
115.00
119.83 117.28
125.32 122.43
117.74 115.31
117.97 119.00 119.50 120.09
123.15 125.15 125.10 125.37
115.99 116.69 117.37 118.08
120.74
125.68
118.83
107.91
109.92
108.26
108.65 109.07 109.68
110.22
110.70
117.41
139.74
117.11
111.88
142.55
122.11
152.71
117.13
108.96
159.11
117.97
140.80
117.49
111.95
144.55
119.13
144.16
116.72
110.52
147.45
120.31
149.08
116.71
109.60
152.56
122.70
153.72
117.74
109.31
161.21
123.91
156.98
117.91
108.72
165.86
100.64 101.03 101.43
81.33 81.38 81.62
109.70 110.25 110.73
Addenda:
Compensation of general
government employees3 ....
Federal
State and local
99.90 100.85 100.16 100.00
82.61 81.45 82.68 81.42
107.98 109.95 108.33 108.71
100.29
81.48
109.11
121.50
151.07
116.15
108.20
156.83
114.82
114.77
113.22
114.23
100.47
93.70
116.04
113.20 114.65
Federal
State and local
Consumption expenditures
Durable goods 2
Nondurable goods
Services
Compensation of general
government
employees, except
force-account
construction3
Consumption of general
government fixed
capital4
Other services
Gross investment
Structures
Equipment
1. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods
transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new force-account construction and related expenditures
1998
111.51
108.31
108.78
126.09
106.61
113.04
113.741
101.27
97.81
115.30
111.45
109.72
108.04
126.74
105.67
117.32 117.83 118.46
119.84 120.42 121.20
104.62
109.16
101.29
118.82
84:99
113.83
113.71
107.29
107.73
114.60
113.12
113.88
100.78
95.53
115.57
111.06
110.72
107.59
127.27
105.08
118.30
121.12
115.23
115.13
113.62
114.62
100.40
93.63
116.49
120.87 121.17
111.22
111.83
105.96
128.23
103.13
118.44
121.38
111.96
112.31
106.39
129.35
103.48
118.73
121.77
104.48
109.44
100.98
120.10
83.67
104.27 104.08 104.08
109.65 110.13 110.38
100.29 99.61 99.31
120.56 121.31 121.98
82.23 80.40 79.31
113.89
113.76
107.40
104.14
115.10
114.23
114.18
107.43
103.87
115.63
114.83
114.80
107.83
103.18
116.41
115.25
115.22
107.95
101.47
117.11
116.68 117.36 118.06 118.81
for goods and services are classified as investment in structures. The compensation of all general government employees is shown in the addenda.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial
measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net
return on these assets.
D-22
• National Data
SURVEY OF CURRENT BUSINESS
February 1999
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 Group
[Index numbers, 1992=100]
[Index numbers, 1992=100]
Seasonally adjusted
1997
1998
1997
Seasonally adjusted
1998
1997
Chain-type quantity indexes
Gross domestic
product
Business'
Nonfarm'
Nonfarm less housing
Housing
Farm
Households and institutions
Inventories'
Farm
116.42 120.91 117.08 117.94 119.54 120.09 121.17 122.83
118.91 124.06 119.65 120.66 122.53 123.11 124.33 126.24
119.02
119.95
111.29
112.04
124.19
125.56
113.04
114.43
119.70
120.70
111.50
116.25
120.81
121.90
111.81
110.25
122.66
124.02
111.60
113.12
123.25
124.56
112.58
113.40
124.45
125.77
113.64
116.17
126.40
127.88
114.35
115.05
115.20 117.83 115.79 116.49 117.06 117.43 118.04 118.81
Nonprofit institutions
101.12 98.50 100.63 99.38 97.46 98.19 98.78 99.57
115.74 118.58 116.38 117.15 117.82 118.17 118.78 119.55
General government2
100.66 101.65 100.91 100.81 101.10 101.44 101.84 102.23
Private househojds
Federal
State and local
Chain-type price indexes
Gross domestic
product
Business
l
Nonfarmf
Nonfarm less housing .....
Housing
Farm
Households and institutions
Private households
Nonprofit institutions
General government2
Federal
State and local
85.80 84.61 85.82 84.75 84.71 84.51 84.55 84.66
108.83 111.04 109.20 109.64 110.12 110.76 111.37 111.91
111.57 112.71 111.77 112.09 112.33 112.57 112.85 113.09
110.89 111.76 111.11 111.38 111.52 111.66 111.86 112.01
111.06 112.09 111.32 111.60 111.83 111.96 112.21 112.35
110.54 111.29 110.78 111.01 111.16 111.19 111.37 111.42
115.66 119.27 116.07 116.81 117.76 118.79 119.75 120.77
99.93 90.20 97.13 96.93 91.17 92.03 88.09 89.53
117.56 121.63 118.17 119.63 120.13 121.10 122.21 123.08
112.24 115.52 112.30 112.64 113.36 115.13 116.34 117.27
116.12 118.53 116.28 116.92 117.80 118.19 118.75 119.37
119.48 121.49 119.33 119.89 121.38 121.25 121.47 121.86
114.57 117.14 114.85 115.53 116.16 116.77 117.46 118.18
Table 7.15.—Current-Dollar Cost and Profit Per Unit of Real Gross
Domestic Product of Nonfinancial Corporate Business
[Dollars]
1.063
1.063
1.063
1.061
1.061
1.062
Consumption of fixed capital
.100
.100
.100
.099
.100
.099
Net domestic Droduct
.963
.963
.963
.962
.962
.962
.105
.857
.105
.858
.105
.858
.105
.858
.104
.857
.104
.858
.688
.695
.697
.699
.699
143
.041
.042
.147
.040
.141
.037
.139
.037
.136
.037
.138
.102
.023
.104
.023
.101
.022
.102
.022
.099
.022
.100
.022
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
.691
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted
two places to the left.
101.73
99.58
Nonfarm
Durable goods
,
Nondurable goods .
106.74 106.16
105.99 105.74
107.78 106.74
Manufacturing
,
Durable goods
Nondurable goods .
106.46 106.15
104.43 104.38
109.13
Wholesale
Durable goods
Nondurable goods
106.02 105.29
103.48 103.07
110.25 108.97
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
,
,
106.24
103.74
110.49
104.68
101.77
109.03
105.65
103.33
109.57
103.15
101.37
105.72
Retail trade
Durable goods
Motor vehicle dealers.
Other
Nondurable goods
106.49
109.15
111.11
107.18
103.79
106.08
108.80
110.44
107.16
103.32
Other
Durable goods
Nondurable goods
110.15 108.48
115.75 115.40
107.30 105.00
104.86 104.33 103.42 102.65
99.90 96.34 90.08 87.32
105.37 105.12 104.72 104.14
105.45 105.06 104.63 104.10
105.29 105.21 104.87 104.22
105.28 104.54 103.88 102.65
103.93 103.34 102.51 101.49
107.53 106.53 106.17 104.58
104.23 103.98 103.46 103.31
102.68 102.21 101.68 101.38
106.70 106.85 106.37 106.48
104.74 104.49 103.97 103.97
102.94 102.47 101.93 101.62
107.74 107.88 107.39 107.95
101.12 100.89 100.44 99.33
101.00 100.52 100.04 99.79
101.08 101.26 100.86 98.34
105.87 106.36 106.61 106.76
108.79 108.78 109.14 109.24
110.42 110.62 111.32 111.41
107.14 106.95 107.00 107.11
102.88 103.90 104.05 104.25
107.33 106.97 106.26 105.20
115.55 115.50 115.25 114.70
103.23 102.72 101.80 100.51
112.42 115.73 112.50 112.88 113.59 115.33 116.54 117.46
1. Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Gross 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.
Current-dollar cost and
profit per unit of real
gross domestic
product'
106.27 105.55
,
1. Implicit price deflators are as of the end of the quarter and are consistent with the inventory stocks shown
in tables 5.12 and 5.13.
SURVEY OF CURRENT BUSINESS
February 1999
Table 7.17.—Chain-Type Quantity Indexes for Gross Domestic Product
by Major Type of Product
D-23
National Data
Table 7.18.—Chain-Type Quantity Indexes for Auto Output
[Index numbers, 1992=100]
[Index numbers, 1992=100]
Seasonally adjusted
Seasonally adjusted
1997
1997
1998
III
Gross domestic product
Final sales of domestic
product
Change in business
inventories
Goods
.
.
1997
1998
IV
I
II
III
III
IV
116.42 120.91 117.08 117.94 119.54 120.09 121.17 122.83
115.49 120.06 116.33 116.95 118.20 119.54 120.36 122.12
123.56 129.64 124.52 125.68 129.29 127.95 129.04 132.27
Final sales
Change in business
inventories .
120.99 127.30 122.47 122.94 125.51 126.52 126.83 130.35
Durable goods
Final sales
Change in business
inventories
142.91 154.44 145.00 147.10 153.95 150.48 152.58 160.74
137.89 150.07 141.40 141.97 147.05 148.46 148.90 155.87
Nondurable goods
Final sales
Change in business
inventories
110.51 113.13 110.74 111.30 112.85 112.86 113.31 113.52
109.42 111.93 109.57 109.97 110.92 111.67 111.89 113.23
Services
111.36 114.82 111.88 112.61 113.01 114.55 115.51 116.22
Structures
119.55 124.42 119.96 120.47 122.03 123.37 125.25 127.01
Addenda:
Motor vehicle output
Gross domestic product less
motor vehicle output
1997
1998
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
1998
IV
t
It
(II
IV
98.92
93.70 101.19 100.64
95.91
87.97
91.64
99.30
98.12
95.70 100.34
95.55
97.46
93.58
96.20
96.83
105.24 109.14 107.51 104.46 106.90 108.92 107.68 113.05
95.62 100.79 98.73 96.21 97.93 104.40 96.43 104.41
124.47 125.89 125.06 120.99 124.86 118.13 130.15 130.41
125.32 122.34 126.61. 118.10 123.90 127.06 113.54 124.86
127.54 125.28 128.25 121.98 126.51 129.83 115.24 129.54
128.69 127.43 128.55 125.58 128.18 131.70 115.82 134.04
110.27 106.37 109.64 109.57 109.74 104.74 92.99 118.01
139.33 152.61 140.27 135.54 148.67 150.41 144.57 166.78
89.31 94.59 92.71 91.78 79.51 96.67 100.29 101.88
Change in business
inventories of new and used
autos
New
Used
Addenda:
Domestic output of new
autos l
Sales of imported new autos2
110.36 104.86 113.34 110.46 105.39 97.38 105.25 111.41
106.63 118.40 108.62 106.69 115.47 121.68 108.48 127.99
127.05 131.00 129.15 133.81 130.82 126.99 123.27 142.93
116.06 120.56 116.67 117.40 119.15 119.85 121.09 122.14
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.
167.41 184.55 169.26 181.39 180.93 183.04 168.66 205.55
166.62 190.32 171.77 176.79 180.63 198.82 178.98 202.86
130.57 153.92 134.74 138.92 140.51 155.09 145.52 174.57
209.96 235.13 213.92 220.36 229.67 243.87 225.78 241.22
184.82 174.94 192.25 207.30 203.99 201.28 148.59 145.91
134.35 127.16 140.97 130.51 132.89 115.33 122.43 137.99
122.69 118.19 141.46 112.14 106.46 130.04 98.50 137.76
D-24
• National Data
February 1999
SURVEY OF CURRENT BUSINESS
8. Supplemental TablesTable 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
1997
1997
1998
IV
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
Seasonally adjusted at annual rates
1998
I
II
1997
5.4
4.2
1.2
1.2
4.2
3.0
1.1
1.2
6.4
5.5
.9
.8
2.7
1.8
.9
.9
4.7
3.7
1.0
1.0
6.5
5.6
.8
.8
5.3
3.4
1.9
1.9
5.7
4.8
.8
.8
7.7
6.2
1.3
1.4
3.9
2.8
1.1
1.1
6.1
6.1
0
0
7.0
6.1
.9
.9
5.2
4.1
1.0
1.0
5.6
4.4
1.2
1.2
7.5
13.5
16.8
-2.8
-2.8
.6
3.1
14.1
15.8
-1.4
-1.4
8.7
11.2
-2.2
-2.2
-.6
2.4
-3.0
-3.0
18.4
21.4
-2.5
-2.5
Durable goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator .......................
-2.0
-2.0
10.1
-2.3
-2.3
Nondurable goods:
Current dollars
Chain-type quantity index
Chain-type price index .....................
Implicit price deflator .......................
4.0
2.4
1.5
1.5
3.8
3.8
0
0
5.9
5.1
.8
.8
.5 5.0
-.4
7.4
.9 -2.2
.9 -2.2
5.5
5.3
.2
.2
3.6
2.1
1.5
1.5
4.7
3.2
1.5
1.5
Services:
Current dollars
Chain-type quantity index ................
Chain-type price index
Implicit price deflator
6.2
3.2
2.9
2.9
6.2
4.3
1.9
1.9
7.4
4.7
2.5
2.5
6.3
4.3
1.9
1.9
7.4
5.4
1.9
1.9
7.2
5.4
1.7
1.7
3.5
1.7
1.8
1.8
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
11.0
11.3
-.3
_g
8.1
8.3
-.2
-.2
9.0
10.4
-1.3
-1.3
10.1
11.5
-1.2
-1.2
9.2
9.1
10.7
-1.3
-1.3
11.9
-2.4
-2.5
10.7
7.1
3.4
3.4
8.7
12.1
-3.0
-3.0
12.3
12.0
.4
.3
15.8
17.0
-1.0
-1.0
25.2
28.3
— 5 -2.3
_g -2.4
3.0
3.6
17.8
20.4
— 5 -2.1
— 5 -2.1
.2 18.6
1.8 22.2
-1.6
-1.6
-3.0
-3.0
-6.2
-4.5
-1.8
-1.7
11.4
13.4
-1.8
-1.8
11.1
12.0
-1.9
-1.9
-.7
-.8
.5
2.2
14.0
14.8
-1.6
-1.6
-.7
-7
9.3
-4.3
12.8
-3.1
-3.1
-.7
.7
-3.6
-3.6
14.1
16.7
-2.3
-2.3
4.3
c
-2.3
-4.9
-2.3
4.3
4.3
3!3
3.3
2.7
2.7
3.1
3.1
1.4
.2
1.2
1.2
7.2
5.5
1.6
1.6
11.6
16.7
-4.3
-4.4
15.3
18.8
-2.9
-3.0
-1.3
27.6
34.3
-5.0
-5.0
12.5
18.8
-5.2
-5.3
-6.3
-1.0
-5.3
-5.3
16.7
21.0
-3.6
-3.6
3.6
-.4
4.0
4.0
10.9
15.6
15.6
17.0
15.0
13.9
13.7
10.1
8.8
2.9
4.4
12.7
10.4
Exports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
10.5
12.8
-2.0
-2.0
-.7
1.5
Exports of goods:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
11.3
15.4
-3.5
-3.5
2.1
2.1
-2.1
-2.1
-1.2
10.6
-1.6
-1.6
2.2
-3.3
-3.5
8.2
2.4
2.4
-1.6
-1.5
5.1
7.9
0
0
-6.0
-2.8
-3.4
-3.4
1.7
1.7
9.9
3.7
3.7
-9.4
-7.7
-1.8
-1.8
-5.5
-2.8
-2.8
-2.8
17.7
18.8
-3.3
20.3
23.1
-2.3
-2.3
10.5
12.5
-1.8
-1.8
-2.7
-2.7
-7.9 -14.0
-3.4 -11.3
-4.7 -3.0
-4.7 -3.0
4.8
5.9
-2.5
-4.0
-1.3
-1.2
.6 -1.0
1.5
2.1
-3.2
-3.2
mL
~.t
0
.6
-3.8
-3.8
2.9 -10.8
1.7 -10.4
1.1 -.4
NOTE.— Contributions to the percent change in real gross domestic product are shown in table 8.2.
5.9
7.9
17.2
12.4
5.2
2.5
2.6
2.6
8.4
6.6
1.8
.3
8.6
8.9
2.7
-.1
2.8
2.9
Residential:
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
1.9
1.5
.2
5.0
3.5
1.4
1.4
1998
III
Implicit price deflator
4.9
3.9
1.0
1.0
-2.4
-2.4
1997
IV
III
5.9
3.9
1.9
1.9
4.6
6.8
1998
3.2
3.2
-.9
-.9
11.5
8.7
2.6
Imports of goods and services:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
1.8
-1.0
1.5
IV
1.1
-.4
2.6
9.7
13.9
-3.7
-3.7
5.1
10.8
-5.3
-5.2
11.3
13.5
-2.1
-1.9
4.1
6.3
-2.3
-2.0
3.6
15.7
-10.4
-10.4
4.4
9.3
-4.5
-4.5
-2.6
2.3
-4.8
-4.8
15.8
16.0
-.2
-.1
Imports of goods:
Current dollars
Chain-type quantity index .....
Chain-type price index
Implicit price deflator
9.8
14.7
-4.2
-4.2
5.2
11.8
-6.0
-5.9
11.2
13.1
-1.9
-1.7
4.4
3.8
6.4 17.0
-2.2 •11.3
-1.9 -11.3
4.8
11.4
-5.9
-5.9
-3.0
2.9
-5.8
16.9
18.4
-1.3
-1.3
Imports of services:
Current dollars
Chain-type quantity index .....
Chain-type price index
Implicit price deflator
9.3
9.9
-.6
-.6
4.4
5.9
12.1
15.8
-3.2
-3.2
3.0
5.8
-2.6
-2.6
2.9
2.0
-.6
2.7
2.7
-.2
9.3
-5.8
-5.8
10.5
4.2
6.0
6.0
Government consumption expenditures
and gross investment:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
-1.5
-1.4
-5.8
3.5
1.3
2.2
2.2
2.3
1.0
1.3
1.3
2.2
1.4
2.4
.1
2.2
2.3
-.9
-1.9
1.1
1.1
4.5
3.7
.8
.8
3.0
1.5
1.5
1.5
5.6
4.1
1.4
1.4
.3
-1.6
2.0
2.0
.1
-1.0
1.1
1.1
-1.4
-7
-2.1
1.4
-6.4
-8.8
2.7
2.6
7.3
7.3
0
0
-1.0
-1.4
.4
.4
9.2
7.9
1.3
1.3
-1.4
-3.2
-1.6
-21
1.1
1.1
-2.2
-1.8
-.4
-.4
-.7 -16.1
-2.0 -18,
1.2 2.9
10.3
9.9
1.8
1.8
4.7
4.3
.4
.4
2.6
1.2
1.4
1.4
4.1
1.7
2.4
2.4
3.5
2.5
1.0
1.0
2.1 -11.1
2.6 -11.5
-.6
23.1
21.8
1.0
1.1
State and local:
Current dollars
Chain-type quantity index ,
Chain-type price index
Implicit price deflator
5.4
3.1
2.
2.
3.
2.1
1.4
1.4
Addenda:
Final sales of domestic product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
5.4
3.5
1.9
1.9
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
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
-1.2
-.2
-.2
1.5
1
2.9
-2.3
1.8
1.8
13.1
2.2
2.1
4
2.9
1.4
1.4
4.1
1 3
27
2.7
2.3
2.1
5.0
4.0
1.1
1.0
7.0
5.8
1
1.2
3.3
2.1
1.:
1.1
5.8
4.2
1.6
1.6
5.6
5.0
.6
.6
5.8
4.6
1.1
1.1
4.3
Z.2
1.0
1.1
7.6
7.8
5.4
3.7
1.6
1.6
5.7
5.1
.6
.6
73
6!2
1.1
1.1
3.
2.4
1.0
1.0
6.5
6.6
-.1
-.1
5.6
3.7
5.0
3.8
1.2
1
3.6
2.4
1.1
1.2
6.7
5.8
.9
.8
2.!
1.7
.8
.9
Command-basis gross national product:
Chain-type quantity index
3.9
3.9
6.9
2.0
Disposable personal income:
Current dollars
Chained (1992) dollars
A:
2.8
4.0
4.0
3.5
2.6
Nondefense:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
Gross national product:
Current dollars
Chain-type quantity index
Chain-type price index
Implicit price deflator
4.0
3.1
-1
3.8
2.4
4.0
2.9
3.0
5.3
3.1
2.1
2.1
3.6
2.1
1.5
1.5
6.9
6.0
Q
3.8
2.8
1.0
1.0
4.4
3.9
4.9
4.2
6.5
5.5
.9
1.8
1
1
5.5
4.6
9
.9
.9
4.1
3.3
6.8
5.9
.9
.9
4.3
3.3
1.0
1.0
4.8
3.6
February 1999
National Data •
SURVEY OF CURRENT BUSINESS
Table 8.2.—Contributions to Percent Change in Real Gross Domestic
Product
D-25
Table 8.3.—Selected Per Capita Product and Income Series in Current
and Chained Dollars
[Dollars]
Seasonally adjusted at annual rates
1997
1997
Seasonally adjusted at annual rates
1998
III
IV
1997
1998
30,278
31,490
30,468
30,707
31,132
31,277
31,561
30,248
25,325
26,363
30,436
25,435
30,634
25,686
31,077
26,007
31,207
26,242
31,461
26,470 '26731
21,633
22,299
21,709
21,871
22,046
22,192
22,373
22,584
20,508
2,512
21,487
2,677
20,660
2,540
20,807
2,538
21,078
2,618
21,394
2,668
21,612
2,657
21,859
2,765
5,975
12,021
6,151
12,659
6,008
12,111
6,001
12,268
6,064
12,396
6,134
12,593
6,173
12,782
6,231
12,863
27,138
27,941
27,263
27,397
27,718
27,786
27,970
28,288
27,248
27,345
27,683
27,739
27,897
1997
1998
Percent change at annual rate:
Gross domestic product
3.9
3.9
4.2
3.0
5.5
1.8
3.7
5.6
2.31
3.30
4.19
1.88
4.09
4.09
2.78
3.03
.56
.49
1.26
.80
.76
1.74
1.30
1.00
1.85
.26
-.08
1.70
1.23
1.41
1.40
.91
1.01
2.14
.20
.42
2.15
1.68
.64
.71
1.65
1.54
.23
1.34
4.07
-.75
1.22
1.86
1.18
1.08
.20
.88
.10
.47
1.59 1.66
1.17 1.67
.00
.35
1.17 1.32
.43 -.02
-.06 -1.41
.48
.16
.03
.13
.32
.85
Percentage points at annual rates:
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
........
-.27 -1.17
2.82 1.95
2.21 1.35
-.15 -.07
2.36 1.42
.60
.60
1.22 -2.66
.33 2.17
.41
.89
1.73
.16
1.57
.44
-.31
-.03
.01
-.47
-.30 -2.24 -2.08
-.62
1.43
1.22
1.21
.19 1.02
.22 -.01
.20
-1.71 -1.35 -1.69
-1.51 -1.23 -1.38
-.20 -.12 -.31
.53 -.33 -.92
.67 -.29 -.98
-.14 -.04
,06
-.83 -1.94 -1.18
-.71 -1.75 -1.19
-.12 -.19
.01
-.32 1.94
.04 1.66
-.36
.27
-.30 -1.96
-.32 -1.87
.01
.24
.19
.25
.02
-.34
.64
.27
.72
-.11 -.06
-.151 -.10
.04
.04
.24
.35
-.08
-.08
.00
.33
-.14
-.57
-.84
.26
.24
.44
.38
.06
.20
-.09
.17
-.26
.35
.47
.05
.42
.25
-.09
-.05
.15
Current dollars:
Gross domestic
product
Gross national
product
Personal income
Disposable personal
income
Personal
consumption
expenditures
Durable goods ....
Nondurable
goods
Services
31,986
Chained (1992)
dollars:
Gross domestic
product
Gross national
product
Disposable personal
income
Personal
consumption
expenditures
Durable goods ....
Nondurable
goods
Services
Population (mid-period,
thousands)
27,125
19,349
19,785
19,385
19,478
19,632
19,719
19,829
19,958
18,342
2,496
19,064
2,723
18,447
2,534
18,529
2,547
18,770
2,637
19,010
2,703
19,155
2,712
19,317
2,840
5,548
10,309
5,711
10,656
5,578
10,349
5,559
10,434
5,649
10,506
5,710
10,623
5,726
10,738
5,758
10,757
267,880 270,211 268,171 268,815 269,309 269,867 270,523 271,144
D-26 • National Data
SURVEY OF CURRENT BUSINESS
February 1999
Table 8.4.—Auto Output
Table 8.5.—Real Auto Output
[Billions of dollars]
[Billions of chained (1992) dollars]
Seasonally adjusted at annual rates
1997
1998
1997
Seasonally adjusted at annual rates
1998
1997
III
Change in business inventories of new
and used autos
New
Used
Addenda:
Domestic output of, new autos'
Sales of imported new autos2
134.8 130.3 137.5 131.8 130.1 132.5 127.8 130.9
143.5 147.5 145.7 141.0 144.2 146.9 145.5 153.3
86.2 90.2 89.0 86.3 87.7 93.3 86.5 93.3
57.3 57.3 56.6 54.7 56.5 53.6 59.0 60.0
45.7 44.8 46.9 43.7 45.8 46.7 41.7 45.2
79.9 78.0 80.4 76.1 78.8 80.7 7.1.9 80.5
-34.2 -33.1 -33.5 -32.4 -33.0 -34.0 -30.2 -35.3
-56.4 -64.2 -57.2 -55.0 -61.7 -63.3 -61.7 -69.9
16.8 16.3 16.7 16.7 16.7 16.0 14.2 18.2
73.1 80.4 73.9 71.7 78.5 79.3 75.9 88.1
2.0
2.2
2.1
2.2
2.3
2.1
2.3
1.8
-.1
.2
-.3
-2.9
-.7
-2.3
1.3
1.4
-.1
3.4
3.0
.4
.4 -14.4
1.8 -17.4
-1.4
3.0
-1.7
6.1
-7.8
4.0
6.9
-3.0
Change in business inventories of new
and used autos
New
Used
119.8 116.8
123.7 128.3
78.5 82.8
44.1 44.6
44.2 43.1
72.8 71.5
-28.1 -27.8
-49.8 -56.6
15.7 15.2
65.5 71.8
U
1,9
122.5
126.4
81.1
44.3
44.6
73.2
-28.1
-50.3
15.6
66.0
1.9
-3.0
-.9
-1.9
.5
.6
-.1
-.2
118.2 116.6 119.0
122.8 125.7 128.1
79.0 80.4 85.7
42.9 44.3 41.9
41.6 43.7 44.8
69.7 72.2 74.1
-27.4 -28.0 -28.8
-48.1 -54.3 -55.8
15.6 15.7 14.9
63.8 69.9 70.7
1.9
1.6
2.0
4.2
4.0
.3
110.3 104.8 113.3 110.4 105.3
57.5 63.8 58.6 57.5 62.3
Table 8.7.—Real Truck Output
[Billions of chained (1992) dollars]
Change in business inventories
158.9 173.7 161.0 171.3 169.9 171.5 158.6 194.6
155.6 176.2 160.6 164.3 166.9 183.3 165.6 188.9
69.2 81.0 71.4 73.5 74.0 81.4 76.6 92.0
82.3 91.3 83.9 85.7 88.8 94.2 87.5 94.6
-4.9 -4.7 -5.2 -3.1 -3.6 -1.7 -5.8 -7.9
8.9 8.7
10.9 10.5 11.3 12.3 12.2 12.0
15.8 15.2 16.6 15.5 15.8 13.8 14.7 16.6
8.2 7.7 9.4 7.2 10.2
9.0 8.6 10.4
3.3
-2.5
.4
7.0
3.0 -11.7
-$.9
5.8
126.6 132.9
79.2 85.7
46.1 46.2
40.0 44.0
65.8 74.0
-25.3 -29.3
-54.7 -61.6
13.3 16.8
68.0 78.4
2.1
2.0
45
3.3
6.2
-2.5
-.1
97.3 105.2 111.4
65.6 58.5 69.0
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.
Chain-type quantity indexes for the series in this table appear in table 7.18.
[Billions of dollars]
Truck output'
-.1 -12.3
1.3 -15.8
-1.2
2.6
114.2 117.4
1.0
Addenda:
Domestic output of new autos'
Sales of imported new autos 2
Table 8.6—Truck Output
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Gross government investment
120.2 113.9 123.0 122.3 116.6 106.9 111.4 120.7
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
Residual
120.0 114.1 124.5 119.3 114.8 104.8 115.6 121.1
63.1
64.3 62.9 67.9 71.4 63.9 75.1
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.
1. Includes new trucks only.
1998
1997
IV
134.7 127.4 138.8 135.2 130.4 118.1 126.2 134.8
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
1998
140.2 154.5 141.7 151.9 151.5 153.3 141.2 172.1
Truck output'
Final sales ....:
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
,
Imports
Gross government investment
Change in business inventories
Residual
t
137.3 156.9 141.6 145.7 148.9 163.9 147.5 167.2
59.8 70.5 61.7 63.6 64.4 71.1 66.7 80.0
73.7 82.5 75.1 77.4 80.6 85.6 79.2 84.7
-4.0 -3.8 -4.3 -2.4 -2.8 -1.1 -4.8 -6.6
9.7 10.7 11.5 11.3 11.2
8.3 8.1
10.3
14.3 13.5 15.0 13.9 14.2 12.3 13.0 14.7
8.1 7.8 9.3 7.4 7.0 8.6 6.5 9.1
2.8
-.2
-2.2
.4
-.3
-.5
5.9
2.5 -10.2
0
-.1
-.7
-6.0
4.9
-.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.
Chain-type quantity indexes for the series in this table appear in table 7.19.
B. Other
National Data • D-27
SURVEY OF CURRENT BUSINESS
February 1999
and NiPA-Related Tables.
NIPA
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 i, 1999 and include "preliminary" estimates for December 1998 and "revised" estimates
for October and November 1998.
Table B.1.—Personal Income
[Billions of dollars; monthly estimates seasonally adjusted at annual rates]
1997
1997
Nov.
Personal income
Wage and salary disbursements
Private industries
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Nov.'
Dec.''
7,033.9
7,055.3
7,085.9
7,104.4
7,133.7
7,164.1
7,184.6
7,215.2
7,245.1
7,283.5
4,007.7
3,335.0
1,012.1
746.8
906.3
1,416.7
672.7
4,040.0
3,362.9
1,016.7
748.7
915.3
1,430.8
677.2
4,066.4
3,386.5
1,020.2
750.8
920.8
1,445.5
680.0
4,079.3
3,397.9
1,020.1
751.8
920.5
1,457.3
681.4
4,097.6
3,414.0
1,022.8
750.8
926.4
1,464.7
683.6
4,124.3
3,438.6
1,025.5
753.2
935.6
1,477.5
685.7
4,131.0
3,442.8
1,021.3
748.3
934.4
1,487.1
688.1
4,153.6
3,463.4
1,020.9
743.8
941.5
1,501.0
690.2
4,183.4
3,490.6
1,030.6
752.4
946.3
1,513.8
692.8
4,194.3
3,499.2
1,032.7
756.4
949.6
1,516.9
695.1
4,217.9
3,519.5
1,034.2
754.4
952.3
1,533.0
698.4
4,240.3
3,540.0
1,035.9
752.7
957.6
1,546.4
700.4
4,261.9
3,560.3
1,041.7
754.5
961.5
1,557.2
701.6
396.9
399.7
401.7
402.8
403.8
404.7
405.7
406.6
407.5
408.3
409.2
410.1
411.0
411.9
557.7
31.5
526.2
557.5
29.1
528.4
559.8
28.2
531.6
563.9
27.3
536.6
568.8
26.6
542.2
570.2
27.2
543.0
570.2
27.7
542.5
574.8
28.2
546.6
577.2
26.8
550.5
574.7
25.2
549.5
576.4
23.5
552.9
583.6
26.4
557.2
589.2
27.7
561.5
597.2
30.7
566.5
,
3,889.8
3,225.7
975.0
719.5
879.8
1,370.8
664.2
4,149.2
3,459.6
1,026.9
751.5
938.5
1.494.3
689.5
3,998.0
3,326.3
1,004.0
741.8
908.7
1,413.7
671.6
,
392.9
406.9
551.2
35.5
515.8
575.5
27.1
548.4
,
Personal interest income
Oct.'
7,007.3
6,910.9
Rental income of persons with CCAdj
Personal dividend income
Sept.
6,970.5
7,123.6
Proprietors' income with IVA and CCAdj
Parm
Nonfarm
.'
Transfer payments to persons
Old-age, survivors, disability, and health insurance benefits
Government unemployment insurance benefits
Other
Less: Personal contributions for social insurance
Jan.
Dec.
6,784.0
,
1998
1998
Feb.
Apr.
May
June
July
Aug.
158.2
162.0
158.8
158.9
158.3
158.4
158.3
159.4
160.9
162.6
163.0
163.5
164.4
164.7
164.9
165.3
260.3
263.1
261.3
261.4
261.5
261.6
261.8
262.0
262.1
262.3
262.4
262.8
263.7
264.7
265.7
266.7
747.3
764.9
753.0
753.3
754.7
757.0
759.3
761.2
762.8
765.0
767.3
769.4
770.7
770.8
770.3
769.5
1,110.4
565.9
19.9
524.6
1,149.5
586.7
19.5
543.3
1,119.3
570.7
19.8
528.9
1,124.7
575.1
19.9
529.7
1,133.8
579.3
19.6
534.9
1,138.4
581.2
19.5
537.7
1,144.7
584.4
19.7
540.6
1,143.8
583.7
19.6
540.5
1,145.3
585.1
19.4
540.8
1,148.3
586.2
19.6
542.5
1,150.4
588.0
19.5
542.9
1,151.8
588.5
19.4
544.0
1,156.6
590.4
19.6
546.6
1,156.0
588.7
19.4
548.0
1,157.9
589.6
19.4
548.8
1,166.7
595.6
19.3
551.8
326.2
347.4
334.1
334.9
339.3
341.2
342.2
343.6
345.5
346.2
347.7
349.9
350.8
352.6
354.2
355.8
p Preliminary.
r Revised.
CCAdj Capital consumption adjustment.
IVA Inventory valuation adjustment.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
Table B.2.—The Disposition of Personal Income
[Monthly estimates seasonally adjusted at annual rates]
1997
1997
1998
1998
Nov.
Dec.
Jan.
Feb.
|
Mar. |
Apr.
[
May
|
June
|
July
|
Aug. |
Sept.
| Oct.'
Nov.'
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 the rest of the world (net)
Equdls: Personal saving
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 income:
6,784.0
7,123.6
7,245.1
7,283.5
6,970.5
7,007.3
7,033.9
7,055.3
7,085.9
7,104.4
7,133.7
7,164.1
7,184.6
7,215.2
7,245.1
989.0
1,098.1
1,124.3
1,131.5
1,058.7
1,069.4
1,072.4
1,083.3
1,094.9
1,100.5
1,102.0
1,110.8
1,112.4
1,117.2
1,124.3
1,131.5
5,795.1
6,025.5
6,120.8
6,152.0
5,911.8
5,937.9
5,961.5
5,972.0
5,990.9
6,004.0
6,031.7
6,053.3
6,072.2
6,098.1
6,120.8
6,152.0
5,674.1
5,998.1
6,113.4
6,159.9
5,837.3
5,870.0
5,884.7
5,914.4
5,970.4
6,005.2
6,009.5
6,036.4
6,073.7
6,102.8
6,113.4
6,159.9
5,493.7
673.0
1,600.6
3,220.1
5,806.0
723.5
1,662.0
3,420.5
5,914.9
737.6
1,691.5
3,485.7
5,960.4
768.9
5,682.7
708.2
1,636.7
3,337.8
5,697.5
697.6
1,638.8
3,361.0
5,723.9
698.6
1,646.8
3,378.5
5,782.1
724.3
1,657.9
3,399.9
5,615.0
737.3
1,661.0
3,416.7
5,817.7
707.4
3,497.9
5,649.3
709.6
1,623.8
3,315.9
3,440.4
5,843.1
715.4
1,669.4
3,458.2
5,879.2
733.8
1,670.8
3,474.7
5,905.9
742.9
1,683.2
3,479.7
5,914.9
737.6
1,691.5
3,485.7
5,960.4
768.9
1,693.6
3,497.9
161.5
18.9
172.3
19.9
178.1
20.4
179.1
20.4
168.8
19.2
168.1
19.2
168.0
19.2
170.6
19.9
168.4
19.9
170.4
19.9
171.9
20.0
173.3
20.0
174.5
20.0
176.6
20.4
178.1
20.4
179.1
20.4
121.0
27.4
7.4
-8.0
74.5
67.9
76.8
57.6
20.5
-1.2
22.2
16.9
-1.4
-4.8
7.4
-8.0
5,183.1
5,346.1
5,408.8
5,432.9
5,264.9
5,287.0
5,309.5
5,311.7
5,318.8
5,334.0
5,347.1
5,363.0
5,382.3
5,392.7
5,408.8
5,432.9
21,633
19,349
267,880
22,299
19,785
270.211
22,573
19,948
271,153
22,675
20,025
271,307
21,965
19,562
269,143
22,049
19,632
269,302
22,122
19,703
269,482
22,145
19,697
22,200
19,709
269,862
22,231
19,751
270,069
22,316
19,783
270,289
22,376
19,825
270,522
22,427
19,879
270,757
22,504
19,901
270,973
22,573
19,948
271,153
22,675
20,025
271,307
4,913.5
668.6
1,486.3
2,761.5
111.81
5,151.2
735.8
1,543.1
2,879.4
112.71
5,226.9
757.4
1,564.6
2,913.9
113.16
5,263.7
791.8
1,563.7
2,921.7
113.24
5,031.1
713.8
1,508.6
2,814.9
112.29
5,059.7
713.1
1,523.7
2,829.0
112.31
5,074.3
703.8
1,531.4
2,843.8
112.28
5,091.1
704.2
1,536.8
2,854.3
112.43
5,133.4
734.0
1,540.7
2,866.1
112.64
5.166.1
749.8
1,545.2
2,880.0
112.56
5,157.4
719.3
1,551.2
2,891.5
112.80
5,176.8
729.8
1,546.6
2,905.4
112.87
5,211.2
751.8
1,549.3
2,917.5
112.82
5,222.8
761.2
1,555.8
2,914.8
113.08
5,226.9
757.4
1,564.6
2,913.9
113.16
5,263.7
791.8
1,563.7
2,921.7
113.24
.1
-.1
1.3
1.1
1.3
1.0
.3
.4
.3
-.1
.1
-.1
0.4
0.4
0.5
2.1
7,283.5
Percent change from preceding period, monthly changes at monthly rates
Personal income, current dollars .
Disposable personal income:
Current dollars
Chained (1992) dollars
Personal consumption expenditures:
Current dollars
Chained (1992) dollars
5.6
5.0
0.4
0.5
0.5
0.4
0.4
0.3
0.4
.6
-.2
0.4
0.3
,
.7
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.
0.6
.7
.7
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 1999
Annual Estimates:
Except as noted, these tables are derived from the NIPA tables published in the August 1998 SURVEY OF
BUSINESS; they are consistent with the most recent comprehensive and annual revisions.
CURRENT
Table B.3.—Gross Domestic Product by Industry, Current-Dollar and Real Estimates for 1995-97
Billions of dollars
1995
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
1996
1997
Billions of chained
(1992) dollars
1995
1996
7,269.6 7,661.6 8,110.9 6,761.7 6,994.8 7,269.8
6,306.9 6,667.9 7,083.3 5,896.5 6,119.9 6,395.3
109.5
72.3
37.2
130.4
131.7
90.2
41.5
106.2
72.0
34.7
114.2
78.6
36.2
127.6
91.6
38.8
98.7
6.7
12.0
70.5
9.4
113.8
6.1
12.9
84.3
10.4
120.5
5.8
13.2
90.1
11.4
107.4
5.5
15.4
77.4
103.0
109.9
9.3
5.7
17.2
70.6
10.2
6.2
18.1
75.4
10.8
286.4
311.9
328.8
254.2
268.5
274.4
616.4
226.1
22.9
12.2
98.0
10.9
53.9
4.9
649.3
237.0
23.4
13.0
92.9
11.7
65.2
5.
676.3
255.!
24.1
13.8
97.9
12.8
74.4
5.6
592.2
216.1
26.1
11.4
89.1
11.0
50.6
4.9
626.4
229.7
28.2
11.3
86.5
10.7
63.5
6.
90.3
38.0
644.3
241.5
28.2
11.3
87.3
11.0
72.6
6.8
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 business product.
1995
Billions of chained
(1992) dollars
1996
1997
1996
1997
23.2
193.3
145.2
48.1
197.0
25.5
207.5
157.0
50.4
204.9
26.8
211.6
158.6
53.1
209.2
23.2
180.7
138.6
24.0
191.5
152.4
41.8
195.5
39.5
205.3
25.1
196.4
160.6
37.3
206.3
Wholesale trade
491.4
519.8
562.8
455.8
486.6
532.0
Retail trade
641.0
673.0
712.9
626.4
665.9
713.5
1997
Manufacturing
1,282.2 1,309.1 1,378.9 1,271.6 1,293.8 1,369.9
Durable goods
711.6 737.3 784.0 727.0 769.0 838.6
33.1
42.8
31.7
31.4
Lumber and wood products
39.1
40.9
19.7
18.7
22.1
18.6
19.4
Furniture and fixtures
20.5
29.3
27.2
33.7
27.6
30.2
Stone, clay, and glass products
31.3
48.0
44.1
46.9
51.7
Primary metal industries
51.5 53.2
93.0
87.8
88.6
99.3
Fabricated metal products
93.1
87.6
Industrial machinery and equipment
141.5 148.8 158.9 162.9 183.2 215.2
261.2
178.7
213.2
Electronic and other electric equipment ...
136.7 141.6 157.3
77.8
73.2
85.4 77.7
82.4
Motor vehicles and equipment
85.2
44.1
43.9
50.7 43.3
Other transportation equipment
46.1
49.0
36.3
42.0
40.2
55.9
Instruments and related products
55.5
49.1
23.1
22.8
23.3
24.8
Miscellaneous manufacturing industries ...
23.3 24.6
537.6
545.1
527.8
594.9
Nondurable goods
571.8
570.5
Food and kindred products
123.2 116.0 118.5 125.8 105.7 106.7
21.3
23.8
22.5
18.4
Tobacco products
17.0
17.3
25.7
26.4
25.6
25.5
24.7
Textile mill products
24.5
28.2
28.6
27.0
28.4
26.7
Apparel and other textile products
27.4
48.9
44.4
46.4
55.0
Paper and allied products
58.9 56.6
76.7
77.1
76.1
98.4
Printing and publishing
84.7 92.4
141.2
139.6
140.3
Chemicals and allied products ..................
156.1 155.8 158.8
32.4
30.4
32.3
35.2
29.6
28.3
Petroleum and coal products
53.7
47.1
49.5
52.0
Rubber and miscellaenous plastics
44.9 48.6
4.3
4.7
4.1
4.8
4.4
Leather and leather products
5.2
Transportation and public utilities .................
Transportation
Railroad transportation
Local and interurban passenger transit ....
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Billions of dollars
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
1995
Finance, insurance, and real estate
Depository instituions
,
Nondepository institutions
,
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and services
Real estate
Nonfarm housing services
Other real estate
Holding and other investment offices
1,362.3 1,448.6 1,570.3 1,206.2 1,246.0 1,286.0
229.1 240.6 266.4 193.4 192.0 191.9
39.7 44.3
32.6
35.4
39.3
56.3
73.4 96.5 106.6 78.4 104.1 120.5
118.5 122.0 146.0
91.2
87.6
93.5
46.7
48.0
42.1
41.7 43.1
50.7
843.8 892.2 935.0 776.6 799.5 814.8
643.1 675.8 712.7 588.4 600.0 616.1
200.7 216.4 222.4 188.2 199.7 198.7
11.0
5.1
12.6
12.5
12.2
9.4
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
1,445.4 1,544.2 1,656.8 1,305.3 1,349.1 1,398.6
61.3
47.4
284.9
63.6
20.5
26.3
56.6
428.9
96.6
55.3
46.4
47.0
198.8
11.8
65.6
47.8
322.1
68.3
21.7
28.4
61.3
445.5
100.7
58.1
49.0
49.2
214.6
11.9
69.0
51.5
364.7
73.3
23.2
30.5
66.7
460.1
106.6
61.5
52.2
50.8
234.6
12.0
56.2
43.2
271.3
56.5
16.9
24.4
50.5
373.3
85.7
49.0
43.4
42.6
183.7
10.8
57.5
42.4
295.7
60.2
15.2
25.2
52.7
192.8
10.
56.8
44.1
323.1
64.4
14.7
26.6
56.2
379.0
87.0
50.4
46.3
44.1
201.3
10.2
-26.5
-32.2
-55.8
-23.1
-27.1
-45.4
962.7
993.7 1,027.6
876.5
877.8
884.0
Federal
General government
Government enterprises ....
327.7
275.4
52.3
334.8
279.2
55.5
338.1
281.3
56.8
296.8
290.2
248.2
48.8
240.7
49.8
286.9
235.4
51.9
State and local
General government
Government enterprises ....
635.0
582.
52.8
658.9
604.4
54.!
579.7
631.7
57.9
532.1
47.5
587.6
540.8
46.8
597.4
551.3
46.2
-53.7
-68.8 -114.3
Statistical discrepancy'
Government
Not allocated by industry2
377.3
86.0
49.4
44.6
43.3
2. Equals GDP in chained (1992) dollars less the statistical discrepancy and the sum of GPO of the detailed
industries.
NOTE—Estimates are based on the 1987 Standard Industrial Classification. The table is derived from tables 10
and 13 in "Gross Product by Industry, 1995-97" in the November 1998 SURVEY.
SURVEY OF CURRENT BUSINESS
February 1999
National Data •
D-29
Table B.4.—Personal Consumption Expenditures by Type of Expenditure
Billions of dollars
Personal consumption expenditures .
Billions of chained
(1992) dollars
1995
1996
1997
4,953.9
5,215.7
780.4
805.2
477.0
268.8
8.8
.4
832.3
494.2
277.2
50.2
669.0
54.8
27.9
1995
1996
5,493.7 4,605.6 4,752.4
736.8
Billions of dollars
9.1
.4
434.9
246.1
8.0
.4
740.0
436.6
247.4
8.1
.4
51.4
692.4
47.4
609.4
47.5
611.4
745.7
442.3
248.4
8.2
.4
46.4
617.5
57.1
28.9
58.6
30.0
54.4
25.7
55.4
25.8
56.1
25.9
321.8
36.9
216.8
140.5
76.4
.3
12.2
39.4
16.1
338.0
38.5
226.9
146.5
80.4
.3
12.7
41.4
18.2
353.3
39.8
237.9
152.9
85.0
.3
13.1
43.1
19.2
324.2
37.2
222.7
145.4
77.2
.3
11.4
37.7
15.0
345.7
39.0
236.9
155.7
81.2
.3
11.7
41.2
16.7
361.8
40.4
247.7
162.5
85.3
.3
11.7
44.5
17.2
Personal care
Toilet articles and preparations (n.d.)....
Barbershops, beauty parlors, and health clubs (s.)
71.8
47.2
24.6
75.0
49.7
25.3
79.4
52.6
26.8
68.1
45.3
22.8
70.1
47.4
22.7
73.0
49.8
23.3
Housing
Owner-occupied nonfarm. dwellingsspace rent 4 (s.)
Tenant-occupied nonfarm dwellingsrent5 (s.)
Rental value of farm dwellings (s.)
Other 6 (s)
750.4
532.4
184.8
787.4
559.1
193.2
6.1
29.1
590.3
203.2
6.3
30.0
487.4
171.4
5.2
24.7
700.9
496.0
717.4
508.9
174.7
178.7
5.0
24.9
Food and tobacco
Food purchased for off-premise consumption (n.d.)
Purchased meals and beverages l (n.d.)
Food furnished to employees (including military) (n.d.)
Food produced and consumed on farms (n.d.)
Tobacco products (n.d.)
Addenda: Food excluding alcoholic beverages (n.d.)
Alcoholic beverages purchased for off-premise
consumption (n.d.)
Other alcoholic beverages (n.d.) ...
Clothing, accessories, and jewelry
Shoes (n.d.)
..
..
Clothing and accessories except shoes 2
Women's and children's (n.d.)
Men's and boys' (n.d.)
Standard clothing issued to military personnel (n.d)
Cleaning, storage, and repair of clothing and shoes (s.)
Jewelry and watches (d.)
Other * (s.)
.
461.9
261.0
8.5
.5
48.6
649.1
5.9
27.3
5.1
25.2
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.)
559.4
47.7
27.2
25.2
54.6
28.7
52.3
15.8
168.0
87.9
31.3
37.9
10.9
87.7
12.8
39.3
54.6
16.8
176.6
90.3
35.2
38.9
12.2
97.1
12.5
40.4
56.5
18.0
178.5
90.2
36.0
41.1
11.2
104.2
13.2
42.7
50.3
14.4
159.0
84.3
30.5
33.1
11.2
85.5
11.7
35.8
51.2
14.7
161.9
85.1
32.9
32.8
11.2
94.7
11.0
35.5
Medical care
Drug preparations and sundries 11 (n.d.)
Ophthalmic products and orthopedic appliances (d.)
Physicians (s.)
Dentists (s.)
r professional services 12 (s.) .
>'tais and nursing homes 13 ....
als
>nprofit (s.)
Proprietary (s.)
Government (s.)
Nursing homes (s.)
Health insurance
Medical care and hospitalization14 (s.)
Income loss 1 5 (s.)
Workers' compensation 16 (s.)
875.0
85.5
912.4
91.1
14.6
191.5
47.6
198.2
49.5
111.9
957.3
98.1
15.7
205.2
52.6
766.9
13.3
782.6
83.0
13.3
170.8
40.8
100.5
341.1
283.3
189.7
31.4
62.0
57.9
36.2
34.0
2.7
1.7
104.9
374.3
310.8
206.4
34.7
69.8
63.5
57.9
45.6
2.3
10.0
592.8
50.6
28.5
27.0
57.9
30.7
389.8
321.7
212.9
36.6
72.2
68.1
57.4
45.0
2.6
9.8
620.7
54.8
29.7
28.6
61.8
32.8
119.4
408.1
334.3
220.0
40.7
73.5
73.9
58.0
46.1
2.8
9.2
533.0
44.3
26.7
25.2
53.7
26.8
79.6
12.3
166.2
41.1
95.9
336.9
280.4
188.5
30.5
61.4
56.4
37.1
34.8
2.5
1.8
555.6
46.4=
27.9
27.3
56.8
28.7
578.4
50.4
29.3
29.1
60.4
30.6
52.5
15.0
160.1
84.6
31.5
33.8
10.3
105.0
11.2
36.4
1996
1995
1996
1997
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.)
Expense of handling life insurance 17 (s.)
Legal services (s.)
Funeral and burial expenses (s.)
Other I 8 (s.)
388.8
39.1
416.2
46.6
459.1
54.4
354.3
42.1
364.6
51.1
377.2
61.2
33.9
37.3
41.5
27.9
29.0
30.8
159.1
75.7
49.4
12.2
19.4
167.5
77.4
53.0
13.3
21.1
190.9
80.2
55.9
13.8
22.4
144.2
68.8
44.4
10.5
17.3
145.3
66.2
46.1
10.9
18.3
148.1
65.2
46.7
10.7
18.9
Transportation
User-operated transportation
New autos (d.)
Net purchases of used autos (d.)
Other motor vehicles (d.)
Tires, tubes, accessories, and other parts (d.)
Repair, greasing, washing, parking, storage, rental, and
leasing (s.)
Gasoline and oil (n.d.)
Bridge, tunnel, ferry, and road tolls (s.)
Insurance19 (s.)
Purchased local transportation ....
Mass transit systems (s.)
Taxicab (s.)
Purchased intercity transportation
Railway (s.)
Bus (s.)
Airline (s.)
Other 20 (s.) .
574.1
611.6
567.3
85.8
55.8
84.7
38.5
636.4
588.3
86.2
57.3
87.2
38.8
531.5
491.1
80.2
41.4
72.0
36.7
551.7
509.0
78.2
42.4
75.0
39.1
569.7
525.3
78.5
44.1
76.5
39.7
128.7
115.6
2.8
29.4
9.1
6.0
3.2
33.0
.8
1.1
27.9
3.3
143.6
124.5
2.8
31.5
10.0
6.5
3.5
34.3
.8
154.9
126.5
117.5
114.3
2.5
26.0
8.5
5.5
3.0
31.9
.7
1.2
27.2
2.8
128.6
116.0
2.5
26.7
8.4
5.5
3.0
137.0
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.j
Radio and television repair (s.)
Flowers, seeds, and potted plants (n.d.)
Admissions to specified spectator amusements
Motion picture theaters (s.)
Legitimate theaters and opera, and entertainments of
nonprofit institutions (except athletics) (s.)
Spectator sports 21 (s.)
Clubs and fraternal organizations 22 (s.)
Commercial participant amusements 23 (s.)
Pari-mutuel net receipts (s.)
Other 24 (s.)
404.2
22.4
25.7
42.3
432.3
24.2
27.6
45.1
462.9
399.1
21.0
23.1
41.9
429.9
25.2
29.1
47.8
21.8
23.9
44.5
466.9
22.5
25.0
47.6
Education and research
Higher education 25 (s.)
Nursery, elementary, and secondary schools 26 (s.)
Other 27 (s.)
531.9
86.6
53.0
79.7
36.2
1.1
28.5
3.9
1997
3.0
34.4
10.4
6.8
3.6
37.7
.8
1.2
31.5
4.1
34.4
.7
1.2
29.2
3.3
117.9
2.5
28.3
8.6
5.7
3.0
35.9
.7
1.2
30.4
3.4
39.3
42.3
48.1
38.0
40.9
46.8
86.4
4.9
13.8
20.1
5.8
92.0
5.0
14.8
21.9
6.2
96.5
5.4
15.9
23.3
103.6
4.4
13.3
18.2
5.3
123.8
4.4
14.8
18.9
5.3
146.8
4.6
16.5
19.6
5.6
8.7
5.5
12.7
41.3
3.3
92.1
9.3
6.4
13.0
44.7
3.4
98.3
10.0
6.7
13.8
49.1
3.5
105.1
7.9
5.0
11.5
37.9
3.0
85.9
8.0
5.6
11.6
40.0
2.9
8.4
5.6
12.1
42.9
2.9
91.4
112.0
119.7
65.7
23.5
30.4
129.4
69.6
25.7
34.1
98.7
53.7
20.7
24.4
102.0
54.0
20.9
27.3
106.8
54.8
22.4
30.0
803.6
88.2
14.1
174.5
41.5
103.3
350.2
289.6
192.2
34.6
62.6
60.5
35.8
33.6
2.9
1.6
1. Consists of purchases (including tips) of meals and beverages from retail, service, and amusement establishments, hotels, dining and buffet cars, schools, school fraternities, institutions, clubs, and industrial lunchrooms. Includes meals and beverages consumed both on- and off-premise.
2. Includes luggage.
3. Consists of watch, clock, and jewelry repairs, costume and dress suit rental, and miscellaneous personal services.
4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting fixtures, kitchen cabinets, linoleum, storm windows and doors, window screens, and screen doors, but excludes rent for appliances and
furniture and purchases of fuel and electricity.
5. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture.
6. Consists of transient hotels, motels, clubs, schools, and other group housing.
7. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, room air conditioners, sewing machines, vacuum cleaners, and other appliances.
8. Includes such house furnishings as floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors,
art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools.
9. Consists largely of textile house furnishings, including piece goods allocated to house furnishing use. Also
includes lamp shades, brooms, and brushes.
10. Consists of maintenance services for appliances and house furnishings, moving and warehouse expenses,
postage and express charges, premiums for fire and theft insurance on personal property less benefits and dividends, and miscellaneous household operation services.
11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services.
12. Consists of osteopathic physicians, chiropractors, private duty nurses, chiropodists, podiatrists, and others providing health and allied services, not elsewhere classified.
13. Consists of (1) current expenditures (including consumption of fixed capital) of nonprofit hospitals and nursing
homes, and (2) payments by patients to proprietary and government hospitals and nursing homes.
14. Consists of (1) premiums, less benefits and dividends, for health, hospitalization, and accidental death and
dismemberment insurance provided by commercial insurance carriers, and (2) administrative expenses (including consumption of fixed capital) of nonprofit and self-insured health plans.
15. Consists of premiums, less benefits and dividends, for income loss insurance.
16. Consists of premiums, less benefits and dividends, for privately administered workers' compensation.
17. Consists of (1) operating expenses of 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.
1995
1997
4,913.5
Billions of chained
(1992) dollars
62.4
22.9
26.7
Religious and welfare activities 28 (s.) .
138.6
151.1
157.6
127.8
137.0
140.4
Foreign travel and other, net
Foreign travel by U.S. residents 29 (s.)
Expenditures abroad by U.S. residents (n.d.)
Less: Expenditures in the United States by
nonresidents30 (s.)
Less: Personal remittances in kind to nonresidents (n.d.)
-22.7
51.2
2.7
-26.1
54.7
2.5
-24.4
59.9
3.0
-20.1
48.3
2.4
-21.4
50.5
2.3
-17.7
54.5
3.1
75.2
1.4
82.0
1.3
86.0
1.3
1.3
73.0
1.2
74.1
1.2
-11.1
-20.7
-33.5
Residual
19. Consists of premiums, less benefits and dividends, for motor vehicle insurance.
20. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, and airport bus fares.
21. Consists of admissions to professional and amateur athletic events and to racetracks.
22. Consists of dues and fees excluding insurance premiums.
23. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement
devices and parks; golf courses; sightseeing buses and guides; private flying operations; casino gambling; and other
commercial participant amusements.
24. Consists of net receipts of lotteries and expenditures for purchases of pets and pet care services, cable
TV, film processing, photographic studios, sporting and recreation camps, video cassette rentals, and recreational
services, not elsewhere classified.
25. For private institutions, equals current expenditures (including consumption of fixed capital) less receiptssuch as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and
less expenditures for research and development financed under contracts or grants. For government institutions,
equals student payments of tuition.
26. For private institutions, equals current expenditures (including consumption of fixed capital) less receiptssuch as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures. For government institutions, equals student payments of tuition. Excludes child day care services, which are included in
religious and welfare activities.
27. Consists of (1) fees paid to commercial, business, trade, and correspondence schools and for educational
services, not elsewhere classified, and (2) current expenditures (including consumption of fixed capital) by research
organizations and foundations for education and research.
28. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious, social welfare, foreign relief, and political organizations, museums, libraries, and foundations. The expenditures are
net of receipts—such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and excludes relief payments within the United States and expenditures by foundations for education
and research. For proprietary and government institutions, equals receipts from users.
29. Beginning with 1981, includes U.S. students' expenditures abroad; these expenditures were $0.3 billion in
1981.
30. Beginning with 1981, includes nonresidents' student and medical care expenditures in the United States; student expenditures were $2.2 billion and medical expenditures were $0.4 billion in 1981.
NOTE.—Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.).
Chained (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.
D-30 • National Data
Table B.6.—Private Purchases of Producers' Durable Equipment by Type
Table B.5.—Private Purchases of Structures by Type
Billions of chained
(1992) dollars
Billions of dollars
Private purchases of structures ....
Nonresidential
New
Nonresidential buildings, excluding farm
Industrial
Commercial
Office buildings'
Other2
Religious
Educational
Hospital and institutional
Other3
1995
1996
478.8
521.2
201.3
216.9
200.9
216.6
1997
1996
560.1
430.5
458.4
478.4
240.2
180.7
189.7
203.2
238.9
180.3
189.4
202.0
1997
137.7
28.6
173.3
31.4
87.0
38.2
48.8
5.7
9.5
15.3
24.4
126.1
11.2
13.0
11.5
18.0
Utilities
Railroads
..,
Telecommunications .......
Electric light and power
Gas
Petroleum pipelines
33.9
3.5
11.0
12.3
6.2
.9
31.7
4.4
11.7
9.8
4.8
1.0
33.5
5.1
11.5
11.1
4.8
1.0
30.6
3.1
10.1
11.0
5.6
27.8
3.7
10.2
8.7
4.3
F a r m •.
Mining exploration, shafts, and wells .
Petroleum and natural gas
Other
Other4
3.0
16.3
14.8
1.5
6.9
3.8
18.1
16.5
1.6
5.8
4.0
22.7
20.8
1.9
5.4
2.7
14.4
1.6
1.8
2.0
29.1
63.4
26.7
36.7
3.8
5.6
13.1
1.3
6.3
1.5
69.0
28.4
40.5
3.9
6.7
147.2
26.7
73.8
32.4
41.4
4.9
8.1
13.0
20.7
28.7
4.1
9.9
9.7
4.2
.8
3.3
15.3
13.8
3.4
17.9
1.4
1.6
4.6
5.1
1.7
16.3
1.8
-1.3
-1.5
-.7
-1.1
-1.3
-.6
277.5
304.3
319.9
249.8
268.6
275.1
246.7
269.7
282.7
220.6
236.0
240.4
New housing units
Permanent site
Single-family structures.
Multifamily structures ....
Mobile homes
Improvements
Other5
174.2
162.9
145.0
17.9
11.3
72.0
.5
192.1
179.4
159.1
20.3
12.6
77.0
200.4
187.1
164.4
22.6
152.9
143.4
126.8
16.9
9.5
67.3
165.3
154.9
A
18.7
10.3
70.2
.5
167.7
156.9
137.2
20.2
10.7
72.0
.7
Brokers' commissions on sale of
structures
Net purchases of used structures .
32.1
-1.3
36.4
-1.8
30.3
-1.1
34.2
-1.5
37.1
-2.0
Net purchases of used structures .
Residential
New
Residual
13.3
81.5
.8
39.7
-2.5
-.1
136.6
-.5
1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for
their own use.
2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings
used for commercial purposes.
3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not
elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories and fraternity and sorority houses.
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.
Private purchases of producers'
durable equipment
Nonresidential equipment
157.1
32.7
78.8
32.4
46.3
4.4
7.7
13.1
20.5
Billions of chained
(1992) dollars
Billions of dollars
1995
140.8
32.5
70.8
29.8
41.0
4.2
6.2
12.5
14.5
Brokers' commissions on sale of
structures
....
February 1999
SURVEY OF CURRENT BUSINESS
Information processing and related
equipment
Office, computing, and accounting
machinery
Computers and peripheral
equipment'
Other
Communication equipment
Instruments
Photocopy and related equipment
Industrial equipment
Fabricated metal products
Engines and turbines
Metalworking machinery
Special industry machinery, n.e.c
General industrial, including materials
handling, equipment
Electrical transmission, distribution, and
industrial apparatus
Transportation and related equipment
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
1995
1996
533.7
578.6
526.4
1997
1995
1996
628.5
538.7
597.1
668.5
571.0
620.5
531.7
589.8
660.9
173.0
189.4
206.6
201.5
245.4
298.0
73.4
83.0
90.3
107.1
154.1
212.7
64.9
8.5
59.1
22.8
17.7
74.4
8.6
64.1
24.5
17.7
81.1
9.2
71.1
26.1
19.1
100.8
8.2
151.3
8.4
68.5
22.8
214.8
123.8
131.7
12.9
4.7
29.7
138.6
13.4
3.8
32.7
33.5
115.4
11.1
4.0
26.0
30.2
34.0
11.8
4.2
28.3
32.5
26.0
28.6
30.3
20.9
126.2
63.6
22.2
24.4
152.0
137.2
71.3
79.9
45.7
61.9
21.6
16.8
1997
9.0
76.5
24.3
16.4
17.6
120.5
11.8
4.3
26.8
125.9
12.0
3.4
29.3
30.5
30.7
26.2
27.4
23.0
140.3
1.7
5.2
20.9
127.6
63.4
44.7
11.5
2.1
5.1
24.2
19.9
119.4
56.9
42.7
12.2
71.5
44.2
1.8
5.8
44.8
13.0
2.3
5.8
Other equipment
Furniture and fixtures
Tractors
Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Service industry machinery
Electrical equipment, n.e.c
Other
108.2
28.2
10.4
10.8
13.4
1.9
14.0
11.7
17.7
117.1
29.7
10.8
11.5
15.8
1.9
14.9
12.9
19.6
128.3
33.7
11.7
12.3
17.6
2.3
15.1
14.0
21.7
101.4
26.2
9.8
10.0
12.4
1.7
13.1
11.3
16.7
107.8
27.0
10.1
10.4
14.2
1.8
13.7
12.5
18.1
116.9
30.1
10.8
11.0
15.6
2.0
13.7
13.8
19.9
Less: Sale of equipment scrap, excluding
autos
4.7
4.4
5.0
3.5
3.6
4.0
7.3
7.6
8.0
Residential equipment
41.6
13.4
17.9
2.4
6.1
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
533.7
6.1
578.6
6.6
628.5
6.8
1.0
37.8
.5
4.8
1.2
39.5
.4
4.5
1.2
39.9
615.2
15.6
2.2
5.4
7.0
7.3
7.7
-9.4
-29.1
-59.0
5.1
666.0
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 1999
Table B.7.—Compensation and Wage and Salary Accruals by Industry
[Millions of dollars]
Compensation
1995
1997
1995
1996
39,623
16,457
42,006
16,849
21,361
23,166
32,857
3,148
6,138
18,932
33,639
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric
equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products ...
Miscellaneous manufacturing
industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics
products
Leather and leather products ..........
,
Mining
Metal mining
Coal mining
....
Oil and gas extraction
Nonmetallic minerals, except fuels
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger
transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
1997
71,435
53,990
17,445
54,600
74,923
55,989
18,934
54,601
81,661
Wholesale trade
276,103
Retail trade
382,895
Finance, insurance, and real estate ....
Depository institutions
Nondepository institutions
...
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and
service
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services ...
Health services
Legal services
Educational services
Social services and membership
organizations
Social services
Membership organizations
Other services \
Private households
1995
1996
1997
19,963
55,966
44,650
14,632
43,704
62,430
46,500
15,930
43,982
68,416
51,605
16,811
45,185
289,402
310,690
234,475
246,964
266,289
399,459
421,469
329,863
346,009
324,678
80,121
21,684
59,440
72,682
353,791
84,098
25,075
72,090
75,941
384,579
88,915
29,586
81,931
79,931
273,048
65,613
18,319
51,922
60,182
300,194
69,512
21,307
63,625
63,383
327,555
73,794
25,387
72,330
66,907
30,988
42,175
17,588
32,787
44,988
18,812
35,180
48,891
20,145
26,363
35,423
15,226
28,025
37,990
16,352
30,184
41,486
17,467
1,050,535
35,640
23,836
193,807
27,784
11,239
16,864
34,578
344,286
58,219
51,938
1,121,835
37,432
24,872
221,435
30,242
12,059
18,613
37,277
357,093
60,101
54,476
1,208,628
39,606
26,058
256,237
32,184
12,493
20,060
40,646
372,635
63,231
57,683
894,790
30,319
20,757
165,266
23,798
9,646
14,412
29,223
289,645
49,738
44,001
965,621 1,048,260
32,135
34,275
21,831
23,021
190,945 223,291
26,180
28,054
10,445
10,875
16,030
17,444
31,843
34,980
303,770 319,192
51,862
54,852
46,704
49,737
91,106
45,464
45,642
149,417
11,821
95,523
47,864
47,659
160,769
11,943
100,368
51,087
49,281
175,437
11,990
78,026
37,970
40,056
128,396
11,563
82,766
40,468
42,298
139,425
11,685
87,633
43,581
44,052
153,175
11,731
823,619
258,024
207,395
124,063
83,332
50,629
565,595
527,777
278,320
249,457
37,818
848,492
263,137
211,310
125,217
622,718
174,778
140,441
84,825
55,616
34,337
447,940
417,438
218,026
199,412
30,502
640,877
175,633
140,449
85,622
54,827
35,184
465,244
434,225
228,386
205,839
31,019
664,176
290,385
256,613
38,357
877,502
266,971
213,508
127,483
86,024
53,464
610,531
571,175
304,733
266,442
39,356
-2,702
1,284
3,986
-2,732
1,298
4,030
-3,082
1,252
4,334
-2,702
1,284
3,986
-2,732
1,298
4,030
331,370 345,034
3,129,403 3,291,981
361,412
3,527,365
3,387,953 3,563,288 3,812,807 2,821,887 3,002,276 3,232,458
36,988
15,627
Agriculture, forestry, and fishing
Farms
Agricultural services forestry, and
fishing
;
Wage and salary accruals
1996
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services ....
4,211,572 4,411,780 4,690,309 3,444,605 3,643,153 3,896,634
.;
Private industries
31,941
13,336
34,535
14,203
36,611
14,408
25,157
18,605
20,332
22,203
3,352
5,965
19,544
4,778
36,046
3,321
5,939
21,742
5,044
26,809
2,515
4,847
15,635
3,812
27,658
2,705
4,739
16,257
3,957
29,935
2,684
4,750
18,292
4,209
193,550
208,925
227,550
157,729
172,253
189,068
813,922
502,834
23,790
15,441
22,040
37,102
58,501
100,778
829,590
511,897
24,811
15,756
22,871
37,598
877,630
545,567
26,227
16,788
676,711
417,035
20,458
12,986
18,560
28,845.
48,517
86,683
720,554
447,678
21,756
13,921
19,575
29,866
51,797
95,263
105,029
38,722
63,405
114,334
651,191
397,941
19,399
12,583
17,650
27,962
46,796
82,178
77,006
63,604
46,080
45,513
57,115
46,843
47,940
87,277
59,791
50,630
50,404
62,580
44,871
36,125
36,963
66,392
46,678
37,255
39,428
72,555
48,708
40,635
41,746
12,979
311,088
60,983
2,932
18,924
20,960
32,886
60,325
65,201
10,744
13,352
317,693
62,316
2,993
18,787
20,350
33,561
62,415
67,460
10,669
14,030
332,063
64,563
3,030
19,457
20,308
34,808
65,957
71,577
11,026
10,834
253,250
49,508
2,209
15,691
17,290
27,039
50,084
52,485
7,804
11,233
259,676
50,745
2,281
15,629
16,800
27,649
51,995
54,617
7,861
11,856
272,876
52,843
2,316
16,196
16,817
28,797
55,218
58,427
8,165
35,262
2,871
36,423
2,719
38,620
2,717
28,771
2,369
29,852
2,247
31,845
2,252
276,425
150,390
15,335
287,024
304,209
222,041
157,500
15,677
166,582
15,974
119,055
11,286
9,303
66,708
10,002
7,831
35,720
1,050
14,443
7,961
48,000
1,000
14,995
10,559
63,109
8,541
51,066
1,012
16,321
7,662
52,526
6,324
28,408
868
11,981
232,331
125,919
11,568
247,490
8,287
47,032
6,485
39,214
8,794
50,493
6,939
828
12,505
133,889
11,815
41,309
847
13,692
1. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
2. includes Coast tauard.
, . , ,
_, J
. . . .
.
3. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory
Compensation
1995
1997
4,208,870 4,409,048 4,687,227 3,441,903 3,640,421 3,893,552
Total
Domestic industries
1996
Wage and salary accruals
Government
Federal
General government
Civilian
Military2
Government enterprises
State and local
General government
Education
Other
Government enterprises
,
'.'.'.
Rest of the world
Receipts from the rest of the world
Less: Payments to the rest of the world 3
Addenda:
Households and institutions
Nonfarm business
51,827
585,355
177,508
141,405
86,375
55,030
36,103
454,783
240,476
214,307
31,885
-3,082
1,252
4,334
workers employed temporarily in the United States.
in
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
table 8.15 of the August 1998 SURVEY OF CURRENT BUSINESS.
D-32
• National Data
SURVEY OF CURRENT BUSINESS
February 1999
Table B.8.—Employment by Industry
[Thousands]
Persons engaged in
production i
Full-time and part-time
employment
Full-time and part-time
employment
1995
1996
1997
1995
1996
1997
Total
124,576
127,015
129,980
121,660
123,917
126,751
Domestic industries
125,146
127,567
130,567
122,148
124,390
127,254
...
103,188
105,606
108,498
103,795
106,057
108,851
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing .
2,004
868
1,136
2,079
870
1,209
2,133
876
1,257
3,403
2,000
1,403
3,360
3,345
1,846
1,499
Private industries
1,859
1,501
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
.,
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics
products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
587
52
106
321
108
583
54
99
321
109
53
97
340
110
590
52
103
327
108
586
54
97
327
108
603
53
95
346
109
5,386
5,671
5,951
6,657
6,956
7,247
18,591
18,575
10,835
801
506
546
18,758
11,054
819
513
555
710
1,485
18,636
10,822
866
525
549
700
1,442
2,084
1,615
10,722
790
512
541
707
1,444
2,070
1,625
709
18,583 18,773
10,915 11,134
859
865
521
530
564
565
707
706
1,446
1,481
2,095
2,171
1,654
1,680
960
976
820
855
850
859
439
446
7,668
7,639
1,664
1,676
40
40
632
618
881
831
677
677
1,536
1,560
1,027
1,026
138
135
143
1,452
2,116
1,659
967
821
855
403
7,740
1,697
41
630
874
682
1,565
1,032
139
978
109
981
99
997
92
967
111
971
102
987
89
6,176
6,294
4,063
224
440
6,462
4,170
220
457
6,178
4,048
220
431
1,658
177
1,119
1,704
183
1,139
2,051
178
734
6,320
4,182
212
444
1,854
174
1,050
6,469
4,279
208
480
1,877
179
1,066
970
817
842
404
7,869
1,688
41
664
945
692
1,570
1,039
3,961
232
420
1,912
178
781
2,173
1,690
983
858
864
404
7,704
1,694
963
41
616
829
685
816
835
427
7,814
1,659
41
661
951
686
1,577
1,036
137
1,036
142
1,560
1. Equals the number of full-time equivalent employees plus the number of self-employed persons. Unpaid family
workers are not included.
2. Consists of museums, botanical and zoological gardens; engineering and management services; and services,
not elsewhere classified.
15
423
1,309
916
393
906
14
431
1,349
937
412
14
453
1,422
1,004
418
1995
15
419
1,221
852
369
909
1996
14
434
1,260
874
386
878
1997
14
455
1,325
939
386
865
870
Wholesale trade
Retail trade
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
1997
1995
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
production l
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices ...
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership
organizations
Social services
Membership organizations
Other services2
Private households
Government
Federal
General government
Civilian
Military3
Government enterprises
State and local
General government
Education
Other
Government enterprises
Rest of the world 4
6,563
6,595
6,735
19,487
19,877
20,272
1,481
242
7,218
1,937
466
621
1,451
856
1,648
239
7,316
1,923
506
647
1,449
873
1,681
237
7,420
1,922
562
680
1,459
877
1,689
231
36,536
1,794
1,317
7,484
1,205
389
539
1,591
9,813
1,063
2,134
37,991
1,828
1,323
8,161
1,245
389
563
1,668
10,033
1.083
2,196
35,063
1,594
1,783
7,116
1,362
593
544
1,327
8,909
1,173
1,913
36,464
1,631
1,812
7,671
1,480
575
572
1,422
9,174
1,147
1,980
37,987
1,673
1,802
8,293
1,507
588
594
1,513
9,404
1,203
2,017
4,618
2,435
2,183
3,050
1,281
4,759
2,515
2,244
3,202
1,246
4,925
2,622
2,303
3,344
1,233
4,490
2,675
1,815
3,440
819
4,624
2,758
1,866
3,580
796
4,802
2,887
1,915
3,803
788
21,958
5,552
4,570
2,026
2,544
982
16,406
15,482
8,383
7,099
924
21,961
5,386
4,398
1,952
2,446
988
16,575
15,662
8,536
7,126
913
22,069
5,263
4,282
1,899
2,383
981
18,353
4,564
3,764
2,026
1,738
800
13,789
12,903
6,765
6,138
18,333
4,415
3,614
1,952
1,662
801
13,918
13,042
6,880
6,162
876
18,403
4,307
3,513
1,899
1,614
794
14,096
13,230
7,044
6,186
-570
-552
-587
-473
-503
6,476
6,561
21,867
22,255
6,929
2,023
463
553
7,052
2,018
513
581
1,505
746
22,620
7,243
2,028
573
630
1,522
767
1,442
247
35,172
1,757
1,300
6,935
1,132
374
507
1,517
9,572
1,056
2,073
1,500
732
1,410
248
6,740
15,905
8,751
7,154
901
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
SURVEY OF CURRENT BUSINESS
February 1999
D-33
Table B.9.—Wage and Salary Accruals Per Full-Time Equivalent Employee and Full-Time Equivalent Employees by Industry
Wages and salaries per
full-time equivalent
Full-time equivalent
employees
Dollars
Wages and salaries per
full-time equivalent
Thousands
1996
1997
Dollars
1995
1996
1997
Total l
31,014
32,143
33,557
110,980
113,256
116,029
Domestic industries
30,902
32,034
33,438
111,468
113,729
116,532
Private industries
30,305
31,472
32,941
93,115
95,396
98,129
18,200
19,017
19,951
1,755
1,816
1,835
17,925
18,403
19,039
19,002
19,185
20,482
744
1,011
746
1,070
751
1,084
Agriculture, forestry, and fishing
Farms
Agricultural services, forestry, and fishing
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
46,624
48,365
47,058
49,635
36,305
48,353
50,093
48,856
51,610
37,330
50,910
50,642
50,000
54,931
39,336
575
52
103
315
105
572
54
97
315
106
53
95
333
107
Construction
30,444
31,641
32,944
5,181
5,444
5,739
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics
products
Leather and leather products
35,803
37,684
25,128
25,066
33,302
40,118
32,932
40,067
38,966
46,692
44,654
44,695
28,214
33,200
30,151
53,878
23,992
18,814
39,531
34,541
51,105
54,958
37,256
39,118
26,161
26,129
34,887
40,973
34,047
41,815
40,384
48,724
45,712
46,771
28,951
34,610
30,680
57,025
25,046
19,858
40,901
35,983
53,546
56,964
39,291
18,188
10,560
772
502
530
18,164
10,661
782
18,339
41,170
27,470
27,786
35,983
42,363
35,453
44,536
43,420
50,008
47,806
49,113
30,636
36,554
32,007
57,900
26,551
20,943
42,726
37,743
57,338
60,481
497
532
704
501
544
705
1,461
2,139
1,671
974
850
850
387
7,465
1,651
40
610
803
674
1,463
1,019
135
29,907
22,140
30,935
23,653
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
38,402
32,264
51,300
19,953
29,377
37,868
39,022
39,479
33,285
54,566
20,614
30,343
39,066
37,597
697
1,421
2,051
1,606
961
809
827
384
7,628
1,642
41
654
919
684
1,450
1,425
2,073
1,644
958
815
843
388
7,503
1,654
40
624
846
676
1,445
10,874
792
1,027
142
1,020
32,462
25,303
962
107
965
95
981
41,030
34,507
56,803
21,038
31,717
40,579
38,934
5,782
3,690
220
384
1,788
167
728
5,885
6,032
3,880
208
418
1,592
171
1,061
138
3,783
212
402
1,550
166
1,043
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 and zoological gardens; engineering and management services; and services,
Full-time equivalent
employees
Thousands
1995
1996
1997
57,867
30,879
49,525
53,282
40,758
48,831
59,143
31,578
50,756
54,386
42,480
50,438
60,500
32,913
52,872
56,461
44,239
52,663
Wholesale trade .
37,812
39,319
41,272
6,201
6,281
6,452
Retail trade
18,296
18,823
19,562
18,029
18,382
18,745
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and services ..
Real estate
Holding and other investment offices
41,674
33,909
41,074
97,598
41,476
37,824
28,293
63,707
45,237
36,185
43,395
114,228
43,743
39,639
29,819
48,283
38,414
46,496
120,349
45,858
41,691
31,863
75,615
6,552
1,935
446
532
1,451
697
1,252
239
6,636
1,921
491
557
1,449
707
1,274
237
6,784
1,921
546
601
1,459
724
1,302
231
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 services2
Private households
29,003
19,920
18,224
25,936
22,430
28,122
36,579
23,778
34,092
53,082
24,459
29,973
20,586
18,787
27,774
23,046
29,176
38,076
24,589
34,606
54,939
25,083
31,184
21,435
19,863
29,622
23,795
30,208
25,664
35,529
57,019
26,013
30,852
1,522
1,139
6,372
1,061
343
394
1,229
8,496
937
1,799
32,216
1,561
1,162
6,875
1,136
358
421
1,295
8,778
944
1,862
33,615
1,599
1,159
7,538
1,179
360
442
1,363
8,984
962
1,912
19,839
17,927
22,069
45,725
14,118
20,361
18,403
22,668
47,055
20,771
18,915
23,004
49,252
14,887
3,933
2,118
1,815
2,808
819
4,065
2,199
1,866
2,963
796
4,219
2,304
1,915
3,110
788
33,930
38,295
37,312
41,868
32,000
42,921
32,485
32,352
32,229
32,488
34,427
34,958
39,781
38,862
43,864
32,989
43,925
33,428
33,294
33,196
33,405
35,410
36,091
41,214
40,252
45,484
34,095
45,470
34,525
34,375
34,139
34,644
36,819
18,353
4,564
3,764
2,026
1,738
800
13,789
12,903
6,765
6,138
18,333
4,415
3,614
1,952
1,662
801
13,918
13,042
6,880
6,162
876
18,403
4,307
3,513
1,899
1,614
794
14,096
13,230
7,044
6,186
866
-488
-473
-503
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Government
Federal
General government
Civilian
Military3
Government enterprises ,
State and local
General government
Education
Other
Government enterprises .
Rest of the world 4
1997
1995
15
388
1,197
838
359
895
14
396
1,230
855
375
872
14
416
1,294
914
380
not elsewhere classified,
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).
D-34 • National Data
Table B. 10.—Farm Sector Output, Gross Product, and National Income
Billions of dollars
Farm output
Cash receipts from farm marketings
Crops
Livestock
Farm housing
Farm products consumed on farms
Other farm income
Change in farm inventories
Crops
Livestock
Less: Intermediate goods and services
purchased
Intermediate goods and services, other
than rent
Rent paid to nonoperator landlords ......
1995
1996
1997
196.7
222.1
225.3
194.1
107.2
87.0
5.9
.5
5.5
-9.3
-9.6
.2
201.7
108.7
93.0
6.1
.4
6.3
7.6
8.8
-1.1
207.2
110.6
96.5
6.3
.5
7.1
4.3
5.1
-.7
1995
1996
1997
190.7
195.7
208.3
188.8
97.1
91.3
5.2
.5
5.0
-11.0
-9.2
.3
177.3
87.1
90.6
5.1
.4
5.3
7.1
6.5
-1.3
191.0
96.0
95.1
5.0
.4
6.2
4.3
4.2
-.8
130.5
135.1
118.5
116.9
118.2
109.9
14.5
113.5
17.0
119.6
15.5
104.0
14.5
100.7
16.4
103.6
14.6
Equals: Gross farm product
72.3
91.6
90.2
72.0
78.6
90.3
Less: Consumption of fixed capital
24.8
25.8
26.6
22.8
23.2
23.7
Equals: Net farm product
47.5
65.9
63.6
49.0
55.2
66.6
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
5.1
61
5.1
61
5.5
62
48.4
15.7
13.3
2.4
66.9
16.5
14.2
23
64.4
16.9
14.4
25
23.3
22.4
.8
9.5
40.6
38.9
1.7
9.8
37.3
35.5
1.8
10.2
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.
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
Table B. 11.—Housing Sector Output, Gross Product, and National
Income
Billions of chained
(1992) dollars
124.4
Less: Indirect business tax and nontax
liability
Plus: Subsidies to operators
February 1999
SURVEY OF CURRENT BUSINESS
Billions of dollars
Housing output'
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing
Less: Intermediate goods and services
consumed
Billions of chained
(1992) dollars
1995
1996
1995
1996
723.1
758.4
799.8
663.9
675.8
692.6
717.2
532.4
184.8
752.3
559.1
193.2
6.1
793.5
590.3
203.2
6.3
658.7
487.4
171.4
5.2
670.7
496.0
687.6
508.9
178.7
5.0
5,9
1997
174.7
5.1
1997
88.5
91.1
95.3
82.1
82.7
83.8
Equals: Gross housing product
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing
634.6
629.6
463.0
166.5
5.0
667.2
581.8
577.4
423.3
154.2
4.4
593.0
588.7
430.5
175.6
5.2
704.5
699.1
513.4
185.8
5.3
158.3
4.4
608.7
604.5
441.9
162.6
4.2
Less-. Consumption of fixed capital
Capital consumption allowances
Less: CCAdj
119.6
63.0
-56.5
126.2
67.1
-59.1
103.7
104.6
107.2
59.7
-56.2
Equals: Net housing product
518.7
547.7
578.3
478.3
488.7
501.7
Less: Indirect business tax and nontax
liability plus business transfer payments
116.0
119.9
123.5
Plus: Subsidies less current surplus of
government enterprises
Equals: Housing national income
Compensation of employees
,
Proprietors' income with IVA and CCAdj
Rental income of persons with CCAdj...
Corporate profits with IVA and CCAdj ...
Net interest
115.9
662.1
486.4
20.8
21.9
22.3
423.5
449.6
477.1
8.1
25.0
105.2
8.5
26.5
119.7
9.1
27.9
127.7
5.0
280.1
5.2
289.7
5.5
306.9
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
SURVEY OF CURRENT BUSINESS
February 1999
D-35
National Data
Table B.12.—Net Stock of Fixed Private Capital, by Type
[Yearend estimates]
Current-cost valuation (billions of dollars)
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
1993
1994
1995
1996
13,484.1
14,198.8
15,064.5
15,736.1
16,496.7
17,316.3
2,642.7
2,742.1
2,881.7
3,040.9
3,180.1
3,322.9
2,590.0
2,686.7
2,823.1
2,980.2
3,116.5
3,257.8
629.0
120.7
101.0
650.4
128.3
107.9
20.4
333.0
117.9
71.2
673.8
138.5
118.0
20.6
335.3
124.1
75.8
691.7
149.3
128.4
20.9
332.2
130.5
79.7
724.0
159.1
138.2
768.3
170.9
149.4
21.5
372.7
140.8
991.4
90.3
1,052.5
1,090.1
99.1
.,
19.7
330.8
109.9
67.5
Industrial equipment
Fabricated metal products
,
Engines and turbines
Steam engines
,
Internal combustion engines
Metalworking machinery
Special industry machinery, n.e.c
General industrial, including materials handling, equipment.
Electrical transmission, distribution, and industrial apparatus
916.8
86.7
51.8
47.1
4.7
168.8
199.4
189.0
221.0
945.7
87.0
53.2
48.2
5.0
Transportation and related equipment
Trucks, buses, and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
510.0
169.1
107.6
121.2
45.1
67.1
538.9
185.5
111.7
127.1
45.6
69.0
534.2
146.1
9.1
137.0
54.1
42.4
11.7
64.9
66.0
15.3
60.3
44.6
4.6
40.1
83.0
551.8
153.8
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
Private structures
Nonresidential structures
,
,
,
,
52.6
10,841.4
4,302.7
56.8
51.5
5.4
183.0
218.2
202.5
240.5
174.4
2Q7.5
194.9
228.7
581.2
210.1
124.6
129.2
44.7
72.7
576.6
163.0
9.7
153.3
57.2
45.1
12.1
67.1
9.4
144.4
55.1
43.2
11.9
65.6
66.8
14.6
1,062.0
272.4
185.3
423.8
143.1
37.5
1,120.2
290.1
194.0
443.4
153.0
39.6
183.5
259.0
229.3
29.7
112.1
194.3
260.1
229.2
31.0
119.4
201.6
274.5
241.6
32.9
128.4
6,538.7
6,927.8
5,327.0
5,226.1
4,465.3
760.7
100.9
1,185.1
26.6
5,667.3
5,557.9
4,796.1
761.9
5,182.3
773.8
122.2
1,299.8
670.1
717.2
7.2
710.1
129.4
114.7
276.7
290.6
145.9
73.7
71.0
109.4
1,232.6
27.8
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 and fraternity and sorority houses.
609.4
640.6
186.5
10.6
175.9
60.7
48.4
12.4
72.7
77.3
13.5
73.5
52.6
5.4
47.2
103.8
670.2
196.7
11.0
185.7
62.6
49.8
12.8
74.9
82.2
13.5
77.0
55.0
5.6
49.5
175.7
10.2
165.5
59.2
47.2
12.0
70.4
73.0
12,182.8
Utilities
Railroad
Telecommunications
Electric light and power
Gas
Petroleum pipelines
Housing units
Permanent site
1 -to-4-unit
5-or-more-unit
Mobile homes
Improvements
Other residential5
692.3
282.3
11,456.7
123.5
297.9
307.0
153.7
78.6
74.7
1,159.7
294.0
204.8
459.6
160.0
41.2
Residential structures
661.8
260.6
137.0
140.1
45.3
78.7
60.6
2,834.9
636.2
3,011.3
673.6
707.8
765.0
7.9
757.1
136.6
102.9
60.3
54.1
6.2
626.6
236.2
130.5
136.3
44.8
78.7
58.6
4,775.6
83.9
1,127.0
232.9
211.8
256.5
87.7
4,528.9
20.9
346.8
135.8
82.4
1997
59.7
53.7
6.0
205.6
243.2
220.5
262.1
55.4
61.0
47.2
4.7
42.5
2,686.1
613.0
625.4
678.7
6.6
672.1
123.5
108.0
259.8
277.6
139.2
70.2
68.2
96.1
58.3
52.5
5.7
196.9
69.6
14.0
64.5
48.9
4.9
44.0
92.4
Nonresidential buildings, excluding farm
Industrial buildings
Office buildings'
Commercial buildings
Mobile structures
Other commercial2
Religious buildings
Educational buildings
Hospital and institutional buildings
Other
Hotels and motels
Amusement and recreational buildings
Other nonfarm buildings3
Farm related buildings and structures
Mining exploration, shafts, and wells
Petroleum and natural gas
Other mining
Other nonfarm structures4
Chain-type quantity indexes (1992=100)
13.8
69.1
50.8
5.2
45.6
97.5
214.6
251.2
228.6
269.4
138.8
146.2
45.5
79.4
108.2
63.6
65.1
12,695.2
13,316.6
13,993.3
4,976.9
5,194.7
5,467.5
3,145.6
700.9
735.3
803.6
8.3
795.3
141.4
130.2
314.6
319.5
161.0
83.2
75.3
1,204.1
300.3
221.6
476.8
163.8
41.6
3,306.1
730.0
3,512.9
763.0
816.0
909.1
9.1
900.1
768.9
851.2
8.7
842.5
147.0
155.3
150.9
138.9
330.5
339.7
173.4
89.3
77.0
351.8
366.8
189.5
97.7
79.6
1,235.7
312.4
233.1
482.3
166.1
41.9
1,269.3
315.5
239.2
496.5
174.2
43.8
204.6
284.2
250.6
33.7
138.4
209.2
299.0
264.4
34.6
144.7
215.8
316.3
280.1
36.2
153.3
7,407.2
7,718.3
8,121.9
6,078.4
5,956.2
6,320.3
6,187.9
5,395.1
792.8
132.4
6,641.2
6,499.9
5,673.3
826.6
141.3
1,450.8
8,525.9
6,965.1
6,815.5
5,960.2
855.3
149.6
1,529.9
30.8
29.0
1,368.8
29.3
29.9
1992
1993
1994
1995
1996
1997
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
101.94
104.15
106.66
109.50
112.54
102.74
106.62
111.65
117.49
124.22
102.72
106.61
111.67
117.55
124.32
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
124.85
187.01
208.02
103.44
112.65
112.62
112.48
139.04
253.74
295.81
104.23
120.48
116.24
114.89
155.94
345.30
419.64
107.17
129.70
120.90
118.15
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
106.41
102.07
105.22
104.65
110.74
106.22
107.82
104.43
108.97
109.17
103.43
105.88
104.99
114.51
109.57
110.85
107.17
112.09
112.33
104.89
105.19
103.91
117.60
113.95
113.94
110.34
115.96
102.30
105.33
100.93
102.25
98.25
99.65
106.91
115.39
109.20
100.57
95.33
100.79
111.71
126.93
112.47
101.75
92.92
102.33
117.10
140.35
116.34
102.22
91.48
103.55
123.22
154.34
118.77
106.08
90.14
105.16
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
106.40
110.44
104.11
110.86
103.29
105.77
94.52
100.63
102.97
83.98
107.23
110.80
108.68
111.04
109.67
110.23
115.22
107.37
115.73
105.24
108.05
95.31
102.46
106.75
80.12
112.34
116.00
113.47
116.28
114.50
114.82
120.87
110.86
121.53
108.10
111.31
96.82
104.81
111.41
79.64
116.49
122.92
118.62
123.41
120.05
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
103.36
107.18
111.08
115.01
119.30
101.75
103.57
105.50
107.67
109.92
101.16
102.20
103.64
105.29
107.09
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
105.07
103.06
104.07
106.60
105.22
106.62
103.23
108.63
109.12
103.73
104.22
106.80
99.59
107.51
104.48
105.99
109.91
107.71
109.94
104.46
112.85
111.58
107.33
109.23
111.56
99.09
110.20
105.37
108.47
113.27
110.77
113.30
106.47
118.26
114.56
111.81
115.14
117.76
100.59
99.08
101.66
100.86
101.42
100.18
100.76
98.22
103.71
100.77
101.99
100.25
101.39
97.40
105.97
101.42
103.47
100.10
101.98
96.83
108.19
102.12
104.02
100.13
102.25
96.42
110.18
102.14
104.18
100.00
102.10
99.14
98.97
100.48
104.32
101.29
98.31
97.82
101.99
107.95
100.41
97.06
96.42
101.90
111.12
99.99
96.20
95.44
102.08
113.15
99.50
96.38
95.55
102.87
115.61
102.14
104.47
106.72
109.25
111.79
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
104.20
104.17
105.01
99.05
105.56
105.87
98.53
106.34
106.27
107.35
99.61
110.08
108.67
108.79
108.66
110.00
100.39
115.22
111.64
97.58
111.29
111.10
112.69
101.31
120.49
114.46
99.67
97.93
NOTE.—The data in this table are from "Fixed Reproducible Tangible Wealth in the United States: Revised Estimates for 1995-97 and Summary Estimates for 1925-97" in the September 1998 SURVEY OF CURRENT BUSINESS.
n.e.c. Not elsewhere classified.
D-36
• National Data
SURVEY OF CURRENT BUSINESS
February 1999
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 1998 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
period
Billions of chained (1992) dollars
Year and
quarter
Gross domestic
product
Final sales of
domestic
product
Gross national
product
1959
2,210.2
2,206.9
2,222.0
7.4
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
4.3
5.8
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
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
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
1980
1981
1982
1983
1984
4,615.0
4,720.7
4,620.3
4,803.7
5,140.1
1985
1986
1987
1988
1989
Chain-type price indexes
Percent change from preceding period
Implicit price deflators
Implicit price deflators
Gross national
product
Gross domestic Gross domestic Gross domestic Gross national
product
product
product
purchases
Chain-type price index
Gross domestic
product
Gross domestic
purchases
6.5
22.95
22.44
22.95
22.96
1.0
1.0
1.0
1.0
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
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
.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
10.2
5.3
5.2
4.2
5.6
9.0
5.3
5.2
4.2
5.6
8.9
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
9.3
5.8
6.9
7.4
9.0
9.4
5.8
6.5
7.3
8.5
9.4
5.9
6.5
7.3
8.5
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
-2.1
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
10.7
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
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
1995
1996
1997
1998
6,761.7
6,994.8
7,269.8
7,549.9
6,731.7
6,961.6
7,203.7
7,488.3
6,779.5
7,008.4
7,266.2
2.3
3.4
3.9
3.9
2.8
3.4
3.5
4.0
107.51
109.54
111.57
112.71
107.28
109.18
110.92
111.54
107.51
109.53
111.57
112.70
107.49
109.50
111.52
2.3
1.9
1.9
1.0
2.3
1.8
1.6
.6
2.3
1.9
1.9
1.0
2.3
1.9
1.8
1959:1
II
Ill
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
11.2
-.3
1.7
9.2
7.3
5.3
-1.3
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
1.11.1
.7
1.5
.8
-.3
.6
1.6
.8
-.3
.6
1.6
1960:I
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
8.9
-2.4
.5
-5.1
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
HI
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
II
HI
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:I
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
i'.8
2.1
.9
.9
1.8
2.1
1965: I
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
10.5
5.4
7.6
10.3
6.4
7.3
7.7
11.3
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
HI
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
10.0
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
lll"Z!"Z
Gross domestic
product
Final sales of
domestic
product
Gross domestic
product
February 1999
National Data •
SURVEY OF CURRENT BUSINESS
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
period
Billions of chained (1992) dollars
Year and
quarter
Gross domestic
product
Final sales of
domestic
product
3,127.2
3,129.5
3,154.2
3,178.0
3,085.6
3,119.0
3,134.2
3,161.5
1968:1
II
HI
IV
3,236.2
3,292.1
3,316.1
3,331.2
1969:1
II
HI
IV
1970: |
Chain-type price indexes
Implicit price deflators
Percent change from preceding perioc
Implicit price»1 Hoflntnrs
(JellaKJiS
Chain-type price index
Gross national
Gross domestic
product
product
Final sales of
domestic
product
3,145.9
3,147.7
3,174.4
3,197.5
3.2
.3
3.2
3.1
4.1
4.4
2.0
3.5
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
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
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
1971:1
II
HI
IV
3,481.4
3,500.9
3,523.8
3,533.8
1972:1
II
Ill
IV
Gross domestic Gross domestic
product
purchases
Gross domestic
product
Gross national
product
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
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
4.1
3.8
5.5
4.8
4.1
3.8
5.5
6.2
1.0
2.3
-2.0
4.0
1.9
2.0
-1
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
3,406.0
3,411.9
3,442.9
3,407.4
-.7
.6
3.7
-3.9
1.0
-.7
3.6
-.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
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
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
||
HI
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
11.2
2.8
-1.2
4.2
9.0
1.8
.7
.2
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
7.5
7.6
5.0
6.9
7.9
7.8
5.0
6.9
7.9
7.8
1974:1
II
HI
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
-3.9
1.5
-4.3
-2.6
-.4
1.1
-1.8
-6.1
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
8.4
9.0
12.7
13.0
11.1
11.9
12.5
12.2
8.2
8.7
12.9
12.6
8.2
8.7
12.9
12.5
1975:I
II
Ill
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
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
1976:|
||
Ill
IV
4,044.6
4,072.2
4,088.5
4,126.4
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
4.5
4.7
6.1
6.9
4.7
4.2
5.7
7.3
4.7
4.2
5.7
7.3
1977:1
||
Ill
IV
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
7.3
6.4
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
1.6
16.1
3.7
4.6
.3
16.6
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
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
.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
9.0
10.2
10.4
10.2
9.1
8.8
8.9
8.1
9.1
8.8
8.9
8.1
1980: I
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
2.0
-9.3
-.4
8.1
1.1
-8.0
5.2
3.4
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
11.2
12.0
10.7
9.3
10.5
9.2
9.7
10.2
10.8
9.2
9.7
10.2
10.8
1981: |
' ||
HI
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
7.7
-3.5
4.9
-4.9
1.4
.5
.3
-2.6
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
10.7
7.4
8.2
7.4
10.7
7.5
7.0
7.3
10.3
7.8
8.0
7.5
10.4
7.8
8.0
7.5
1982:1
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
-6.5
1.7
-2.0
.5
-1.4
-.4
-2.9
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
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
1983:I
||
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
3.3
5.7
6.4
4.9
72.12
72.84
73.50
74.19
72.33
73.03
73.65
74.24
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
1984:1
||
HI
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
9.6
6.4
3.0
2.6
3.4
7.4
2.9
5.2
75.00
75.62
76.25
76.82
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
1985:1
||
Ill
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
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
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
1986:I
||
HI
IV
5,460.8
5,466.9
5,496.3
5,526.8
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
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
1987:1
||
HI
IV
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
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
1967:I
III'!!!!!!!!!!!!
IV
Gross domestic Gross domestic Gross domestic
purchases
product
product
Gross national
product
D-38 • National Data
SURVEY OF CURRENT BUSINESS
February 1999
Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases—Continued
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (1992) dollars
Year and
quarter
Gross domestic
product
Final sales of
domestic
product
1988:1
II
III
IV
5,785.3
5,844.0
5,878.7
5,952.8
5,774.2
5,840.1
5,869.2
5,937.0
1989:1
II
Ill
IV
6,011.0
6,055.6
6,088.0
6,093.5
1990:1
||
Ill
IV
1991:1
II
Ill
IV
Percent change from preceding
period
Chain-type price indexes
Implicit price deflators
Gross national
Gross domestic
product
product
Final sales of
domestic
product
5,802.3
5,857.5
5,889.4
5,964.9
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
5,970.0
6.010.9
6.063.1
6,070.8
6,023.1
6,065.5
6,101.8
6,112.3
4.0
3.0
2.2
.4
2.2
2.8
3.5
.5
88.44
89.40
90.13
90.91
88.47
89.52
90.14
90.98
88.45
89.39
90.13
90.88
6,152.6
6,171.6
6,142.1
6,079.0
6,144.6
6,127.5
6.126.6
6,108.1
6,172.8
6,188.0
6,155.7
6,111.3
3.9
1.2
-1.9
-4.0
5.0
-1.1
-.1
-1.2
92.01
93.20
94.19
95.14
92.17
93.14
94.32
95.68
6,047.5
6,074.7
6,090.1
6,105.3
6.065.4
6,095.9
6,085.4
6,083.8
6,074.3
6,086.4
6.099.2
6,119.5
-2.1
1.8
1.0
1.0
-2.8
2.0
-.7
-.1
96.26
97.02
97.70
98.30
IV
6,175.7
6,214.2
6,260.7
6,327.1
6,175.8
6,203.8
6,249.5
6,320.7
6,192.0
6,225.2
6.270.3
6,334.6
4.7
2.5
3.0
4.3
6.2
1.8
3.0
4.6
1993:I
II
Ill
IV
6,327.9
6,359.9
6,393.5
6,476.9
6,297.3
6.344.9
6.379.3
6,453.8
6,351.3
6,375.9
6,415.3
6.489.7
.1
2.0
2.1
5.3
1994:
I
||
Ill
IV
6,524.5
6.600.3
6,629.5
6,688.6
6,473.0
6,526.7
6.580.4
6,624.8
6,540.5
6,609.3
6,635.6
6.691.2
1995:1
II
III
IV
6.717.5
6,724.2
6,779.5
6,825.8
6,661.8
6,700.0
6,761.7
6,803.3
1996:
|
II
Ill
IV
6,882.0
6,983.9
7,020.0
7,093.1
1997:1
||
Ill
IV
1992:1
in
1998:1
II .
Ill
IV
Z
.....
Percent change from preceding period
Implicit price deflators
Chain-type price index
Gross domestic Gross domestic Gross domestic
product
purchases
product
Gross national
product
Gross domestic Gross domestic
product
purchases
Gross domestic
product
Gross national
product
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
88.48
89.42
90.16
90.91
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
92.00
93.18
94.14
95.11
92.04
93.21
94.17
95.13
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
96.42
96.95
97.58
98.27
96.27
97.00
97.70
98.31
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.t
2.9
2.5
4.9
3.1
2.9
2.5
99.14
99.81
100.17
100.88
99.04
99.76
100.28
100.92
99.13
99.79
100.17
100.88
99.13
99.79
100.17
100.88
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
-1.5
3.1
2.2
4.8
101.85
102.38
102.83
103.52
101.71
102.28
102.64
103.28
101.84
102.35
102.83
103.51
101.84
102.34
102.83
103.50
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
3.0
4.7
1.8
3.6
1.2
3.4
3.3
2.7
104.16
104.74
105.39
106.07
103.80
104.46
105.24
105.88
104.13
104.71
105.39
106.09
104.14
104.71
105.38
106.06
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
6,735.9
6,746.3
6,788.9
6,846.8
1.7
.4
3.3
2.8
2.2
2.3
3.7
2.5
106.74
107.26
107.76
108.30
106.47
107.11
107.52
107.99
106.75
107.24
107.75
108.29
106.73
107.22
107.72
108.26
2.5
2.0
1.9
2.0
2.2
2.4
1.6
1.8
2.5
1.8
1.9
2.0
2.6
1.8
1.9
2.0
6,863.6
6,954.7
6,970.3
7,057.9
6,902.1
6,999.0
7,027.1
7,105.3
3.3
6.1
2.1
4.2
3.6
5.4
.9
5.1
108.90
109.28
109.77
110.21
108.56
108.94
109.34
109.90
108.91
109.24
109.74
110.23
108.88
109.21
109.70
110.19
2.2
1.4
1.8
1,6
2.1
1.4
1.5
2.1
2.3
1.2
1.8
1.8
2.3
1.2
1.8
1.8
7,166.7
7,236.5
7,311.2
7,364.6
7,108.1
7,155.5
7,256.3
7,294.8
7,167.8
7,239.3
7,307.0
7,350.7
4.2
4.0
4.2
3.0
2.9
2.7
5.8
2.1
110.97
111.45
111.77
112.09
110.51
110.76
111.06
111.34
111.00
111.43
111.76
112.08
110.95
111.37
111.70
112.03
2.8
1,7
1.2
1.1
2.2
.9
1.1
1.0
2.8
1.6
1.2
1.2
2.8
1.5
1,2
1.2
7,464.7
7,498.6
7,566.5
7.670.0
7,372.5
7,456.4
7.507.6
7,616.9
7,455.2
7,485.9
7,546.7
5.5
1.8
3.7
5.6
4.3
4.6
2.8
6.0
112.33
112.57
112.85
113.09
111.29
111.42
111.60
111.85
112.32
112.56
112.84
113.07
112.26
112.50
112.78
.9
.9
1.0
.8
-.2
.4
.7
.9
.8
.9
1.0
.8
.8
.9
1.0
National Data • D-39
SURVEY OF CURRENT BUSINESS
February 1999
Table C.2.—Real Gross Domestic Product
[Average annual percent change, based on chain-type quantity indexes (1992=100)]
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
2.7
2.7
2.7
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
1973
2.6
2.6
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
1974
2.8
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
1975
2.9
2.9
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
2.8
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
2.7
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
1978
2.6
2.5
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
1979
2.5
2.5
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
1980
2.7
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
2.7
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
3.1
3.0
3.0
3.0
3.0
3.1
3.1
3.6
4.0
4.1
4.1
4.4
4.8
5.5
4.0
1983
3.0
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
1984
2.7
2.6
2.5
2.5
2.4
2.5
2.4
3.0
3.4
3.4
3.2
3.3
3.6
1985
2.6
2.5
2.4
2.4
2.3
2.3
2.2
2.9
3.3
3.3
3.0
3.1
1986
2.6
2.5
2.3
2.4
2.2
2.2
2.1
2.8
3.4
3.4
2.9
1987
1988
2.4
2.2
2.1
2.0
1.7
1.6
1.2
2.3
3.4
2.6
2.4
2.3
2.3
2.1
2.0
1.9
2.8
3.6
3.8
1989
2.3
2.1
1.8
1.7
1.3
1.0
.1
1.2
1990
2.5
2.2
2.0
1.9
1.4
.9
-.9
1991
3.0
2.8
2.7
2.8
2.5
2.7
1992
3.1
2.9
2.7
2.9
23
1993
3.3
3.1
2.9
3.5
1994
3.2
2.9
2.3
1995
3.7
3.4
1996
3.9
Table C.3.—Price Index for Gross Domestic Product
[Average annual percent change, based on chain-type price indexes (1992=100)]
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
4.9
5.0
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
7.0
6.8
6.7
6.8
7.0
6.3
4.9
4.2
1972
4.9
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
7.4
7.3
7.3
7.5
80
7.3
5.6
1973
4.9
5.0
5.2
5.3
5.5
5.6
5.8
5.9
6.0
6.1
6.3
6.6
6.9
7.2
7.6
7.9
8.1
8.0
7.7
7.6
7.7
8.1
9.2
8.9
1974
4.7
4.9
5.0
5.2
5.3
5.5
5.6
5.7
5.8
5.9
6.1
6.4
6.7
7.0
7.4
7.8
8.0
7.8
7.5
7.2
7.2
7.6
9.4
1975
4.5
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
7.0
6.5
6.1
5.8
1976
4.5
4.6
4.7
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
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
1978
4.2
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
1979
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
8.3
9.3
9.3
1980
3.7
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
3.3
3.4
3.5
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
3.1
3.2
3.3
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
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
1984
3.0
3.1
3.2
3.3
3.4
3.5
3.6
3.6
3.4
3.2
3.0
3.0
3.4
1985
3.0
3.1
3.2
3.3
3.4
3.5
3.6
3.6
3.4
3.1
2.8
2.6
1986
3.0
3.1
3.3
3.4
3.5
3.7
3.8
3.8
3.6
3.4
3.1
1987
3.0
3.1
3.3
3.4
3.6
3.8
4.0
4.1
3.9
3.7
1988
2.9
3.1
3.2
3.4
3.6
3.8
4.2
4.3
4.2
1989
2.8
2.9
3.1
3.2
3.4
3.7
4.1
4.4
1990
2.5
2.6
2.8
2.9
3.1
3.3
3.9
1991
2.3
2.4
2.5
2.6
2.7
2.8
1992
2.2
2.3
2.4
2.5
2.6
1993
2.1
2.2
2.3
2.4
1994
2.0
21
2.3
1995
1.9
1.9
1996
1.9
Table C.4.—Real Gross Domestic Purchases
[Average annual percent change, based on chain-type quantity indexes (1992=100)]
Initial year
T*£irminQl woof
1 ©rmiriai 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
2.8
2.8
2.7
2.7
2.7
2.7
2.7
2.9
3.0
3.0
3.0
3.1
3.0
3.0
2.5
2.3
2.7
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
2.6
2.6
2.5
2.5
2.7
2.9
2.9
2.9
2.9
2.8
2.8
23
2.0
2.4
2.3
3.0
3.1
2.7
2.0
.6
1.6
4.8
1973
2.6
2.5
2.5
2.5
2.4
2.4
2.4
2.6
2.7
2.7
2.7
2.7
2.7
2.6
2.0
1.6
2.1
2.0
2.7
2.8
2.2
1.1
-1.4
-1.5
1974
2.8
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
-1.3
1975
3.0
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
2.8
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
2.7
2.6
2.6
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
2.6
2.5
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
2.6
2.5
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
-2.0
1980
2.9
2.8
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
2.9
2.8
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
-1.6
1982
3.2
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
1983
3.0
3.0
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
2.5
2.4
2.4
2.3
2.2
2.1
2.7
3.1
3.2
3.3
3.6
3.9
1985
2.5
2.4
2.3
2.3
2.1
1.9
1.8
2.5
2.9
3.0
3.0
3.3
1986
2.5
2.3
2.1
2.1
1.9
1.7
1.5
2.3
2.8
2.8
2.7
1987
2.4
2.2
2.1
2.1
1.8
1.5
1.2
2.1
2.8
2.9
1988
2.4
2.2
2.0
1.9
1.5
1.2
.6
1.8
2.7
1989
2.3
2.1
1.8
1.8
1.2
.7
-.4
.8
1990
2.6
2.3
2.0
2.0
1.4
.6
-1.6
1991
3.3
3.1
3.0
3.2
2.9
2.8
1992
3.3
3.1
3.0
3.4
2.9
1993
3.4
3.2
3.0
3.9
1994
3.3
2.9
2.1
1995
3.9
3.6
1996
4.2
D-40
• National Data
February 1999
SURVEY OF CURRENT BUSINESS
Table C.5.—Price Index for Gross Domestic Purchases
[Average annual percent change, based on chain-type price indexes (1992=100)]
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
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
4.7
4.9
5.0
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
4.5
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
4.6
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
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
4.2
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
1979
4.0
4.1
4.2
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
3.2
3.3
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
3.0
3.1
3.2
3.3
3.4
3.5
3.6
3.6
3.4
3.3
3.2
3.1
3.4
3.5
1984
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
2.9
3.1
3.2
3.3
3.4
3.5
3.7
3.7
3.5
3.2
3.0
2.6
1986
3.0
3.1
3.3
3.4
3.5
3.7
3.9
3.9
3.7
3.5
3.4
1987
2.9
3.1
3.2
3.4
3.6
3.8
4.0
4.1
3.9
3.6
1988
2.9
3.0
3.2
3.3
3.5
3.8
4.1
4.4
4.2
1989
2.7
2.8
3.0
3.2
3.4
3.7
4.1
4.5
1990
2.4
2.6
2.7
2.8
3.0
3.2
3.7
1991
2.2
2.3
2.5
2.5
2.6
2.8
1992
2.1
2.2
2.4
2.4
2.5
1993
2.0
2.1
2.3
2.3
1994
1.9
2.0
2.3
1995
1.7
1.8
1996
1.6
10.7
10.2
Table C.6.—Real Final Sales of Domestic Product
[Average annual percent change, based on chain-type quantity indexes (1992=100)]
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
2.9
2.7
2.6
3.0
3.2
3.5
3.5
3.3
3.0
2.8
3.4
5.3
5.4
1972
2.7
2.7
2.6
2.6
2.6
2.7
2.7
2.9
2.9
2.9
2.9
2.9
2.8
2.7
2.5
2.3
2.7
2.9
3.2
3.2
2.8
1973
2.6
2.6
2.5
2.5
2.5
2.5
2.5
2.7
2.8
2.8
2.7
2.7
2.6
2.4
2.2
2.0
2.4
2.6
2.9
2.8
2.2
2.4
1.9
1.5
.3
2.5
5.3
-.3
1974
2.7
2.7
2.7
2.7
2.7
2.7
2.7
2.9
3.0
3.0
2.9
2.9
2.9
2.7
2.5
2.3
2.8
3.1
3.6
3.6
3.1
2.4
.9
1975
2.8
2.8
2.8
2.8
2.8
2.8
2.8
3.0
3.1
3.2
3.1
3.1
3.1
2.9
2.7
2.5
3.1
3.5
4.3
4.6
4.2
4.0
1976
2.8
2.7
2.7
2.7
2.7
2.7
2.7
3.0
3.1
3.1
3.0
3.0
3.0
2.8
2.5
2.3
2.9
3.4
4.3
4.8
4.4
1977
1978
2.7
2.6
2.6
2.6
2.6
2.6
2.6
2.9
3.0
3.0
2.9
2.9
2.8
2.6
2.2
1.9
2.6
3.1
4.3
5.3
1979
2.6
2.5
2.4
2.4
2.4
2.4
2.4
2.7
2.8
2.7
2.6
2.6
2.5
2.5
2.4
2.4
2.4
2.3
2.3
2.3
2.6
2.7
2.7
2.5
2.5
2.3
2.1
1.5
1.0
1.7
1.9
1.1
2.0
3.4
.3
.8
.6
1980
2.6
2.6
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
2.7
2.7
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
1982
3.0
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
1983
2.9
2.9
2.8
2.8
2.8
2.9
2.9
3.5
3.8
4.0
3.9
4.4
4.8
5.0
1984
2.8
2.7
2.6
2.6
2.6
2.6
2.7
3.2
3.6
3.7
3.6
4.1
1985
2.6
2.5
2.4
2.4
2.3
2.4
2.3
3.0
3.3
3.4
3.1
3.5
1986
2.5
2.4
2.3
2.3
2.2
2.2
2.1
2.8
3.2
3.4
2.6
1987
2.5
2.4
2.3
2.2
2.1
2.1
2.0
2.9
3.5
4.1
1988
2.3
2.2
2.0
1.9
1.7
1.6
1.3
2.3
3.0
1989
2.3
2.1
1.9
1.7
1.4
1.1
.4
1.6
1990
2.3
2.2
1.9
1.7
1.3
.9
-.7
1991
2.9
2.7
2.6
2.5
2.3
2.5
1992
2.9
2.8
2.6
2.5
2.1
1993
3.1
3.0
2.8
2.9
1994
3.2
3.1
2.8
1995
3.4
3.4
1996
3.5
4.6
-.9
Table C.7.—Real Disposable Personal Income
[Average annual percent change, based on chained (1992) dollar estimates]
Initial year
lerminai 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
2.7
2.7
2.7
2.7
2.8
2.8
2.8
3.0
3.1
3.1
3.1
3.1
3.1
3.2
2.8
2.8
3.0
3.1
3.4
3.5
3.3
3.3
3.1
3.6
5.8
4.6
1972
2.7
2.7
2.7
2.6
2.7
2.7
2.7
2.9
3.0
3.0
3.0
3.0
3.0
3.0
2.7
2.7
2.9
2.9
3.3
3.4
3.0
3.0
2.6
3.1
7.1
1973
2.5
2.5
2.5
2.4
2.5
2.5
2.5
2.7
2.7
2.8
2.7
2.7
2.7
2.7
2.2
2.2
2.4
2.4
2.7
2.6
2.0
1.6
.5
-7
1974
2.6
2.6
2.6
2.6
2.6
2.7
2.7
2.9
2.9
3.0
2.9
3.0
3.0
3.0
2.6
2.5
2.8
2.9
3.4
3.5
3.0
2.8
1.7
1975
2.7
2.7
2.7
2.7
2.7
2.8
2.8
2.9
3.0
3.1
3.0
3.1
3.2
3.2
2.7
2.7
3.0
3.1
3.8
4.1
3.6
3.9
1976
2.6
2.6
2.6
2.6
2.6
2.7
2.7
2.9
3.0
3.0
2.9
3.1
3.1
3.1
2.5
2.5
2.8
2.9
3.7
4.2
3.2
1977
2.6
2.6
2.6
2.5
2.6
2.6
2.6
2.9
2.9
3.0
2.9
3.0
3.0
3.1
2.4
2.3
2.7
2.8
3.9
5.2
1978
2.4
2.4
2.4
2.4
2.4
2.5
2.4
2.7
2.7
2.8
2.7
2.8
2.7
2.7
1.8
1.6
1.9
1.7
2.7
1979
2.4
2.4
2.4
2.4
2.4
2.4
2.4
2.7
2.7
2.8
2.7
2.8
2.7
2.7
1.6
1.2
1.5
.6
1980
2.5
2.5
2.5
2.5
2.5
2.6
2.6
2.9
3.0
3.1
3.0
3.1
3.2
3.3
1.9
1.5
2.3
1981
2.5
2.5
2.5
2.5
2.5
2.6
2.6
2.9
3.1
3.2
3.1
3.3
3.4
3.6
1.7
.8
1982
2.7
2.7
2.7
2.6
2.7
2.8
2.8
3.2
3.4
3.6
3.5
4.0
4.3
5.0
2.7
1983
2.7
2.7
2.7
2.6
2.7
2.8
2.8
3.3
3.5
3.8
3.8
4.4
5.1
7.4
1984
2.3
2.3
2.2
2.2
2.2
2.3
2.2
2.6
2.8
3.0
2.6
2.9
2.9
1985
2.3
2.2
2.2
2.1
2.1
2.2
2.1
2.5
2.7
3.0
2.4
2.9
1986
2.2
2.1
2.1
2.0
1.9
2.1
1.9
2.4
2.7
3.0
1.9
1987
2.2
2.2
2.1
2.0
2.0
2.1
1.9
2.6
3.0
4.1
1988
2.0
1.9
1.8
1.7
1.5
1.6
1.2
1.9
2.0
1989
2.0
1.9
1.8
1.6
1.4
1.4
.8
1.8
1990
2.1
2.0
1.8
1.5
1.3
1.3
-.1
1991
2.4
2.4
2.3
2.1
2.0
2.7
1992
2.4
2.3
2.1
1.8
1.3
1993
2.7
2.6
2.5
23
1994
2.8
2.8
2.8
1995
2.8
2.8
1996
2.8
D-41
National Data
SURVEY OF CURRENT BUSINESS
February 1999
D. Domestic Perspectives.
This table presents data collected from other government agencies and private organizations, as noted. Quarterlydata are shown in the middle month of the quarter.
Table D.1.—Domestic Perspectives
1997
1998
1997
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Consumer and producer prices, (monthly data seasonally adjusted)'
Consumer price index for all urban consumers,
1982-84=100:
All items
Less food and energy
Services
160.5
169.5
179.4
163.0
173.4
184.2
161.8
171.0
181.4
161.9
171.4
181.7
161.9
171.7
181.9
162.0
172.2
182.3
162.0
172.4
182.7
162.4
172.9
183.4
162.9
173.3
183.9
163.0
173.5
184.1
163.3
173.8
184.4
163.6
174.2
184.8
163.6
174.5
185.2
164.0
174.8
185.5
164.3
175.1
186.0
164.5
175.6
186.3
Producer price index, 1982=100:
Finished goods
Less food and energy
Finished consumer goods
Capital equipment
Intermediate materials
Crude materials
131.8
142.4
130.2
138.2
125.6
111.1
130.6
143.7
128.9
137.5
123.0
96.7
131.6
142.5
130.0
137.9
125.6
115.0
131.4
142.4
129.8
137.7
125.3
108.6
130.6
142.4
128.8
137.6
124.5
102.3
130.5
142.5
128.6
137.6
124.1
100.4
130.4
143.2
128.5
137.7
123.6
99.2
130.6
143.4
128.9
137.6
123.7
100.5
130.7
143.4
129.0
137.4
123.6
100.1
130.5
143.3
128.8
137.3
123.2
97.5
130.7
143.6
129.1
137.4
123.2
97.6
130.3
143.6
128.5
137.2
122.8
93.7
130.6
144.1
128.9
137.6
122.5
92.5
130.9
144.2
129.3
137.6
122.3
94.1
130.7
144.4
128.9
137.7
122.0
92.8
131.2
145.8
129.5
137.6
121.3
89.3
Money, interest rates, and stock prices
Money stock (monthly and quarterly data
seasonally adjusted):2
Percent change:
M1
M2
Ratio:
Gross domestic product to M1
Personal income to M2
Interest rates (percent, not seasonally adjusted):2
Federal funds rate
.........
Discount rate on new 91-day Treasury bills
Yield on new high-grade corporate bonds
10-Year U.S. Treasury bonds
Yield on municipal bonds, 20-bond average
Mortgage commitment rate
Average prime rate charged by banks
Index of stock prices (not seasonally adjusted):3
500 common stocks, 1941-43=10
0.69
.61
0.64
.57
-0.21
.62
0.26
.81
0.43
.70
-0.04
-0.28
.24
-0.30
.43
-0.24
.39
-0.27
.68
0.31
1.21
0.63
1.06
0.85
.90
0.40
.84
7.580
1.725
7.892
1.686
7.722
1.718
1.712
1.696
7.784
1.707
1.702
1.694
7.833
1.697
1.694
1.694
7.972
1.690
1.675
1.664
7.981
1.656
1.651
5.46
5.07
7.40
6.35
5.52
7.60
8.44
5.35
4.81
6.44
5.26
5.09
6.94
8.35
5.52
5.15
6.79
5.88
5.33
7.21
8.50
5.50
5.16
6.68
5.81
5.19
7.10
8.50
5.56
5.09
6.62
5.54
5.06
6.99
8.50
5.51
5.11
6.66
5.57
5.10
7.04
8.50
5.49
5.03
6.63
5.65
5.21
7.13
8.50
5.45
5.00
6.59
5.64
5.23
7.14
8.50
5.49
5.03
6.63
5.65
5.20
7.14
8.50
5.56
4.99
6.43
5.50
5.12
7.00
8.50
5.54
4.96
6.35
5.46
5.14
6.95
8.50
5.55
4.94
6.34
5.34
5.10
6.92
8.50
5.51
4.74
6.27
4.81
4.99
6.72
8.49
5.07
4.08
6.21
4.53
4.93
6.71
8.12
4.83
4.44
6.42
4.83
5.03
6.87
7.89
4.68
4.42
6.13
4.65
4.98
6.72
7.75
872.72 1,084.31
938.92
962.37
963.36 1,023.74 1,076.83 1,112.20 1,108.42 1,108.39 1,156.58 1,074.62 1,020.64 1,032.47 1,144.43 1,190.05
Labor markets (thousands, monthly and quarterly data seasonally adjusted, unless otherwise noted)'
Civilian labor force
Labor force participation rates (percent):
Males 20 and over
Females 20 and over
16_19 years of age
Civilian employment
Ratio, civilian employment to working-age
population (percent)
Persons engaged in nonagricultural activities ....
Employees on nonagricultural payrolls
uoods-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.
136,297
137,673 136,835 137,086 137,288 137,384 137,340 137,232 137,369 137,498 137,407 137,481 138,081
77.0
60.5
51.6
129,558
76.7
76.7
76.9 ,1 76.9 76.9
76.8
76.9
76.9
76.8
76.5
76.8
60.4
60.4 60.7
60.4
60.4
60.4
60.4
60.6
60.5
60.2
60.6
52.4
52.0
53.0
51.9
53.1
52.9
51.5
52.8
52.6
52.3
53.0
131,463 130,546 130,638 130,943 131,021 130,908 131,280 131,330 131,253 131,176 131,264
63.8
126,159
122,690
24,934
97,756
42.0
64.1
128,085
125,833
25,256
100,577
41.7
64.0
127,169
123,944
25,099
98,845
42.1
64.0
127,255
124,289
25,193
99,096
42.2
64.1
127,606
124,640
25,297
99,343
42.1
64.1
127,676
124,832
25,314
99,518
42.0
64.0
127,735
124,914
25,276
99,638
41.8
64.1
127,899
125,234
25,339
99,895
41.4
64.1
127,979
125,562
25,301
100,261
41.8
64.0
127,890
125,751
25,304
100,447
41.8
63.9
127,753
125,869
25,135
100,734
41.7
63.9
127,772
126,191
25,253
100,938
41.7
138,116 138,193 138,547
76.8
76.8
76.7
76.8
60.4
60.4
60.6
60.4
52.9
52.4
53.5
53.1
131,818 131,858 132,113 132,526
64.1
64.1
64.2
64.0
128,348 128,300 128,765 129,304
126,363 126,527 126,778 127,156
25,241 25,209 25,184 25,272
101,122 101,318 101,594 101,884
41.8
41.6
41.7
41.6
4.8
4.6
4.9
4.9
4.9
4.8
4.8
4.5
4.6
4.6
4.6
4.6
4.5
4.5
4.5
4.5
6,739
6,210
6,289
6,448
6,345
6,363
6,432
5,952
6,039
6,245
6,231
6,217
6,263
6,258
6,080
6,021
4.9
1.5
15.8
4.5
1.2
14.5
4.6
1.3
15.4
4.7
1.4
16.0
4.6
1.3
15.5
4.6
1.3
15.4
4.7
1.3
14.6
4.3
1.1
14.5
4.4
1.1
14.7
4.5
1.2
14.1
4.5
1.2
14.3
4.5
1.2
13.7
4.5
1.2
14.3
4.5
1.2
14.1
4.4
1.2
4.3
1.1
14.4
14.1
105.1
109.0
114.5
105.9
109.9
116.3
106.8
110.2
117.6
106.8
111.2
118.8
107.6
111.5
120.0
D-42
• National Data
SURVEY OF CURRENT BUSINESS
February 1999
Table D .1 —Domestic Perspectives—Continued
1997
1997
1998
1998
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Construction (monthly data seasonally adjusted at annual rates)4
Total new private construction put in
place (billions of dollars)
Residential
Nonresidential .
471.2
265.6
165.1
510.8
297.1
170.9
475.3
268.9
164.8
478.4
273.0
164.9
487.8
279.0
167.6
490.9
282.5
167.0
494.3
286.0
165.4
500.1
289.7
169.4
496.5
288.0
166.3
503.6
291.9
169.6
511.5
299.3
169.4
516.6
300.6
172.2
521.0
305.0
172.3
525.1
306.1
174.2
530.7 537.2
310.3 315.3
176.8 179.2
Housing starts (thousands of units):
Total
1-unit structures
1,474
1,134
1,616
1,270
1,523
1,167
1,540
1,130
1,545
1,225
1,616
1,263
1,585
1,239
1,546
1,237
1,538
1,224
1,620
1,269
1,704
1,300
1,621
1,261
1,569
1,250
1,693
1,291
1,662 1,720
1,367 1,357
804
888
875
805
853
878
836
892
892
919
877
839
845
907
New 1-family houses sold
(thousands of units)
1,015
978
4
Manufacturing and trade, inventories and sales (millions of dollars, monthly data seasonally adjusted)
Inventories:
Total manufacturing and trade
Manufacturing
Merchant wholesalers
Retail trade
1,050,726 1,053,078 1,055,034 1,062,460 1,068,754 1,070,555 1,070,022 1,070,515 1,070,875 1,074,870 1,080,866 1,083,366 1,088,217
457,766 456,133 458,197 461,178 461,948 464,668 465,729 466,701 467,636 468,445 468,552 471,031 471,720
271,168 273,298 272,130 275,750 277,624 275,933 277,699 277,518 277,466 280,591 284,128 283,776 285,365
321,792 323,647 324,707 325,532 329,182 329,954 326,594 326,296 325,773 325,834 328,186 328,559 331,132
1,053,078
456,133
273,298
323,647
Sales:
Total manufacturing and trade ..... 8,995,737
Manufacturing
3,929,419
Merchant wholesalers
2,500,109
Retail trade
2,566,209
756,422
331,404
208,934
216,084
763,107
336,424
209,816
216,867
761,165
331,937
210,224
219,004
768,061
335,883
211,312
220,866
773,877
338,991
213,781
221,105
772,160
335,553
213,900
222,707
772,405
333,622
213,413
225,370
774,639
335,110
213,904
225,625
773,762
335,380
214,229
224,153
772,454
336,445
211,713
224,296
779,478
340,481
213,856
225,141
781,447
340,133
213,429
227,885
784,861
341,370
214,145
229,346
Industrial production indexes and capacity utilization rates (monthly data seasonally adjusted)2
Industrial production indexes,
1992=100:
Total
By industry:
Durable manufactures
Nondurable manufactures ....
By market category:
Consumer goods
Capacity utilization rates (percent):
Total industry
Manufacturing
126.8
131.4
129.9
130.3
130.3
130.2
130.7
131.3
131.9
130.6
130.5
132.4
131.9
132.6
132.5 132.8
147.1
111.3
157.5
112.0
153.3
112.6
154.0
112.7
153.9
113.1
154.0
112.8
155.2
112.4
156.2
113.0
157.2
113.0
154.8
112.0
154.4
112.1
159.8
111.3
159.6
110.6
161.1
111.2
160.9 161.5
111.8 111.8
114.1
115.4
115.9
115.4
116.0
115.2
115.8
116.4
116.8
115.1
114.0
116.1
114.8
115.6
115.8 115.8
82.9
82.0
81.9
80.9
83.4
82.6
83.4
82.5
83.0
82.2
82.6
81.8
82.6
81.6
82.6
81.7
82.6
81.6
81.5
80.2
81.1
79.8
82.0
80.7
81.3
80.1
81.4
80.4
Credit market borrowing (billions of dollars, quarterly data seasonally adjusted at annual rates)2
All sectors, by instrument:
Total
Open market paper
U.S. government securities
Municipal securities
Corporate and foreign bonds ...
Bank loans, n.e.c
Other loans and advances
Mortgages
Consumer credit
Sources:
1. Bureau of Labor Statistics
2. Federal Reserve Board
1,470.7
184.1
235.9
71.4
345.4
129.3
102.2
349.9
52.5
1,985.3
257.7
338.9
103.2
452.7
185.1
196.8
413.1
37 8
1,830.3
347.3
197.3
1167
4870
79.9
108.9
436.1
573
2 037 6
1166
342.5
1001
641.8
172.9
109.4
489.2
651
3. Standard and Poor's, Inc.
4. Bureau of the Census
n.e.c. Not elsewhere classified
1 8963
236.2
4251
841
212 0
187 2
157.6
505 8
88.2
81.0
80.1
80.9
79.9
National Data • D-43
SURVEY OF CURRENT BUSINESS
February 1999
E. Charts.
Percent changes shown in this section are based on quarter-to-quarter changes and are expressed at seasonally
adjusted annual rates; likewise, levels of series are expressed at seasonally adjusted annual rates as appropriate.
SELECTED NIPA SERIES
Chained (1992) dollars
Dec Nov
Apr Fab
30000
REAL GROSS DOMESTIC PRODUCT PER CAPITA
JanJIyJIy
Nov Mar
Nov
Jly Mar
30000
28000-
-28000
26000-
26000
24000
-24000
22000-
-22000
20000
-20000
18000 -
-18000
16000
-16000
14000-
-14000
12000
12000
59
161
|63|
651
67
Apr Feb
169
71 |
Dec Nov
731
Nov
J75
|77|
Mar
791
1811
JanJIyJIy
|83
185
871
Nov
l|
91 |
)93| : J95f;
|97|
Jly Mar
20
REAL GROSS DOMESTIC PRODUCT (PERCENT CHANGE)
15 -
-15
10 -
-10
- 5
iJiiiililililllilil
r
T
-5 -
-10
- 0
-10
59
|61|
|63|
651
|671
69|
71 |
U.S. Department o* Commerce, Bureau cif Economic Analysis
173
|75|
1771
|79
|81|
j 831
j SSJ
871
91
93
95
97
D-44 • National Data
SURVEY OF CURRENT BUSINESS
February 1999
SELECTED NIPA SERIES
Percent
Apr Feb
60
Dec N w
Jan Jly Jly
Nov Mar
Nov
Jly Mar
60
SHAgJS OF GROSS DOMESTIC PRODUCT BYTYPE OF PRODUCT
Output of services
50-
-50
40-
-40
30-
-30
20
-20
Output of structures
10-
-10
61
63
65
67
69
75
73
71
77
79
81
83
85
91
87
93
95
87
Percent
Apr Feb
14
Nov
Dec Nov
Jan Jly Jly
Mar
Nov
Jly Mar
14
EXPORTS AS SHARE OF GROSS DOMESTIC PRODUCT
IMPORTS AS SHARE OF GROSS DOMESTIC PURCHASES
•*^>/
12
-
10
-
8
-
12
Imports>f / ~~*^
-10
f
/
^
r\r
\
- 8
Exports
6
-
- 6
/
4 _
-
4
2
59|
Percent
60
Apr Feb
;esi
Vl
69|
71
73
75
177
79
81
sal
8s| \m\
891
911 Issl !«s| 197
Dec Nov
60
SHAfBB OF PERSONAL CONSUMPTION EXPENDTTURES BY TYPE OF PRODUCT
Services
50
-50
40"
-40
30
-30
20
"20
Durable goods
10
10
59| 1611 [631 I65| |671 1631 j71 | 173
U.S. Dop&iinwfft of Coiiwrwc©, Bureau of Economic Analysis
77
79
I 81
83
85
87
91
93
95
97
National Data •
SURVEY OF CURRENT BUSINESS
February 1999
D-45
SELECTED NIPA SERIES
Dec Nov
25
Nov
JanJty Jly
Mar
Nov
Jly Mar
25
RAT©, SAVING TO GROSS NATIONAL PRODUCT
20-
-20
15-
-15
-10
-
5
Gross government saving
59
Percent
25
1611
|63|
.651'
71
67
Apr Fob
73
Dec Nov
75
77
79
81
Jan Jly Jly
Nov Mar
83
85
87
89
Nov
91
93
95
97
Jly Mar
25
RATIO, INVESTMENT TO GROSS NATIONAL PRODUCT
20-
15
10-
-10
Gross government investment
5-
-5
Net foreign investment
61|
Percent
60
63
65
71
67
Apr Fob
73
Dec (toy
Nov
75
77
79
81
Jan Jly Jly
Mar
83
85
87
|93t
Nov
|97|
Jly Mar
60
SHARES OF GROSS PRIVATE DOMESTIC FIXED INVESTMENT
Producers' durable equipment, nonresidential
50-
-50
40
-40
30-
-30
20-
-20
10
10
59|
1611
last
|65i
|67|
|69f
f?1 |
US. Department c* Commerce, Bureau of Economic Analysis
73
75
77
79
81
83
85
87
89
9T
95
97
D-46
• National Data
SURVEY OF CURRENT BUSINESS
February 1999
SELECTED NIPA SERIES
SHARES OF NATIONAL INCOME
Wage and salary
accruals, 62.8% /
s^
^ \
1959
Wage and salary
accruals, 58.6%
^\
——4
Net interest, 2.5%
Net interest, 6.5%
Corporate profits
with IVAandCCAdj, 12.8%
Corporate profits
with IVA and CCAdj, 12.3%
Rental income of persons
wth IVA, 4.3%
Proprietors' income
with IVA and CCAdj, 12.5%
Supplements to
wages and salaries, 5.2%
Rental income of persons
Proprietors' income
wth IVA, 2.4%
with IVA and CCAdj, 8.3%
SHARES OF GROSS DOMESTIC PRODUCT BY SECTOR
1959
1997
Business, 86.1%
Business, 84.3%
General
government, 11.4%
General
government, 11.3%
Households and
institutions, 2.4%
Households and
institutions, 4.5%
SHARES OF GROSS DOMESTIC PURCHASES
1959
Personal
consumption
expenditures, 62.5%
Personal
consumption
expenditures, 67.0%
Government consumption
expenditures and gross
investment, 17.7%
Government consumption
expenditures and gross
investment, 22.0%
Nonresidential
investment, 10.0%
Residential investment, 5.5%
U.& Department ol Commerce, Bureau of Economic Analysis
1997
Nonresidential
investment, 11.3%
Residential investment, 4.0%
National Data •
SURVEY OF CURRENT BUSINESS
February 1999
D-47
SELECTED NIPA SERIES
Percent
Apr Feb
JS/V
Dec Nov
Mar
Nov
Jan Jly Jly
Jly Mar
Nov
60
OU
SHARES OF FEDERAL GOVERNMENT RECEIPTS
Personal tax and nontax payments
50 -
- 50
^y—
40 -
- 40
Contributions for soc^l insurance
30 ~
- 30
20 ~
- 20
Corporate profits tax
10 ~
—
•
—
~
10
_
—
^—
y ^
s-
--—^^\_
Indirect business taxes
0
59
61
63
65|
67
69
71
73|
75
77)
79
81|
83
|85
87
1891
91
93
95
97
Percent
Apr Feb
70
Dec Nov
Nov
Jan Jly Jly
Mar
Nov
Jly Mar
70
SHARES OF FEDERAL GOVERNMENT CURRENT EXPENDITURES
-60
-50
Transfer payments
-40
30
-20
Grants to State and local governments
10
Net interest
Percent
59
61
671
63
Apr Feb
169
|71
Dec Nov
|73|
|75|
|77|
|79|
[81|
JanJyJy
Nov Mar
[831
87
]93|
89
Nov
|95|
|97|
Jly Mar
RATIO, GOVERNMENT SURPLUS/DEFICIT (NIPA) TO GROSS DOMSStlC PRODUCT
4 ~
Total
2 "
-2
-
-4 -
—4
-6 -
—6
-8
59|
|81|
|63|
|65|
|871
|69|
|71
U.S. Department of Commerce, Bureau of Economic Analysis
|73|
|75|
|77|
|79|
|87|
189|
|95|
87
D-48
• National Data
February 1999
SURVEY OF CURRENT BUSINESS
SELECTED NIPA SERIES
Percent
20
Apr Fob
Dec N w
Nov
JanJIy Jly
Mar
Nov
Jty Mar
20
PRORT MARGIN, DOMESTIC NONFINANCIAL CORPORATIONS*
16-
-16
12-
-12
'Ratio of corporate profits per unit to cost and profit per unit
set
Rati0
| e i | |63| |as| |67| tea! |711
Apr Feb
Dec Nov
|T3|
|rs |
\TT\
Nov Mar
\n\
| s i | |as| |as|
JanJIy Jty
|ST|
Nov
| as|
|9i| | u
|95| |97|
Jly Mar
INVENTORY/SALES RATIOS, CURRENT-DOLLAR*
Nonfarm inventories to
final sales of goods and structures
Inventories to
final sales of domestic business
Nonfarm inventories to
final sales of domestic business
'Based on current-dollar estimates of inventories and sales
59|
Ratio
5
611 63! J65| 671 691 |71 | |73| |75| |77| |79| 1811 |83 185j j871 189 |91 | 193| |95|
Dec Nov
Apr Feb
Nov
Mar
JanJty Jty
Nov
197|
Jly Mar
INVBJTORY/SALES RATIOS, REAL'
Nonfarm inventories to
final sales of goods and structures
Inventories to
final sales of domestic business
Nonfarm im«entories to
final sales of domestic business
-2
"Based on chained (1992) dollar estimates of inventories and sales
59
61
63
65
67
U.S. Department of Commerce, Bureau of Economic Analysis
71
73
75
77
79
81
83
85
87
91
93
95
97
February 1999
National Data •
SURVEY OF CURRENT BUSINESS
OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent
Nov Mar
JanJIyJIyNov
JtyMar
Percent
32
Nov Mar
JlyMar
JanJtyJIyNov
PRODUCER PRICE MDQC (PERCENT CHANGE)
CONSUMER PRICE INDEX (PERCENT CHANGE)
I Finished goods less tood and energy
-4-
I I II I I I I I I I I FM T T T I IT I I II
73 75 77 79 81 83 85 87 89 91 93 95 97
Index
Nov Mar
140
Mar
JanJIyJIy Nov
73
XP7WUWJVWJWIU
Percent
JlyMar
JanJIyJIy Nov
95 JCAWCITY
*
UTILIZATION RATE
90-
85-
80-
75-
70Manufacturing
7J w y w w u u y u w y u w
Hours
Nov Mar
43
JanJIyJIyNov
65
II I II I I I I I I II I I II II I I I II I
73
JlyMar
75
77
79
81
83
85
87
89
91
93
95
97
JlyMar
AVERAGE WEEKLY HOURS, MANUFACTURING
««RAGE WEEKLY OVERTIME HOURS, MANUFACTURING
42-
41
-
40-
393 38-
37
I I I I I I I I I I I I I | I• | I I I I I I I I
73 75
77 79 81
83 85 87
89
US. Department of Commerce, Bureau of Economic Analysis
91 93 95 "
II I 1 I I I I I I I b I I I I I I I I I I I I I
73 75 77 79 81 83 85 87 89 91 93 95 97
D-49
D-50
• National Data
February 1999
SURVEY OF CURRENT BUSINESS
OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent
Nov Mar
JanJIyJIyNov
12
JyMar
18
UNEMPLOYMENT RATE
10-
Mar
JlyMar
JanJIyJIyNov
INTEREST RATES
1510-Year Treasury Bonds
12-
4-
2-
I ! I I I I I I IT M l
73 75
Percent
Nov Mar
77
79
81
83
85
JanJIyJIyNov
111 I I I t I I I
87
89
91
93
95
IT
73' W W W 811 '83'
97
Ratio
Nov Mar
JlyMar
M
JanJIyJIyNov
87'
'93'
JlyMar
MONEY SUPPLY (PERCENTCHANGE)
W V ¥ ¥ U ¥ W U 9, y W W
Millions
Nov Mar
3.0
2.5
-
2.0
-
1.5
-
JanJIyJIyNov
JtyMar
Thousands
1000
SALES OF NEW ONE-FAMILY HOUSES
800
400-
1.0 2000.5
-
I I I I I I I I I I I I I I I I I I I I I II
73 75 77 79 81 83 85 87 8 " 91 93 95
U.S. Department of Commerce, Bureau of Economic Analysis
II
97
II II I I I II II t I II I II I I II I II
73 75 77 79 81 83 85 87 89 91 93 95 97
International Data •
SURVEY OF CURRENT BUSINESS
February
D-51
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 21,1999 and include "preliminary" estimates for November 1998 and "revised" estimates for
October. 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
1998
1997
Oct.
Nov.
Dec.
79,088
79,784
Jan.
850,775
937,593
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
Adjustmentsl
611,983
55,534
147,652
252,895
65,021
70,138
33,836
-13,092
679,325
51,507
158,226
294,470
74,029
77,446
33,505
-9,858
58,467
4,503
13,304
25,614
6,448
6,752
2,896
-1,050
57,482
4,533
13,064
24,883
6,576
6,521
2,575
-670
58,336
4,476
13,087
25,755
6,138
-513
25,459
6,497
6,609
2,695
-636
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
238,792
69,751
20,413
26,074
32,823
73,073
15,765
893
258,268
73,268
20,895
26,911
33,676
84,465
18,269
784
22,122
21,606
6,083
1,799
2,226
2,793
7,348
1,294
63
21,448
5,959
1,753
2,246
2,776
7,302
1,351
61
21,766
6,253
1,803
2,237
2,863
7,217
1,328
65
75,298
74,977
3,493
17,198
22,438
11,929
17,269
2,548
423
3,375
17,277
Exports of goods and services
6,162
1,812
2,337
2,812
7,420
1,513
6,416
2,978
959,349 1,047,799
89,240
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
Adjustmentsl
803,320
35,710
204,482
229,050
128,938
171,007
26,102
8,031
877,279
39,694
213,767
254,175
140,779
192,918
29,338
6,609
74,738
3,306
18,191
22,207
11,594
16,472
2,713
255
74,087
3,263
18,088
21,543
11,738
16,778
2,435
242
Services
Travel
156,029
48,048
15,818
27,403
7,854
43,138
11,081
2,687
170,520
51,220
18,235
28,949
9,411
48,421
11,488
2,796
14,502
14,601
14,691
4,173
1,482
2,499
861
4,230
1,020
237
4,337
1,541
2,369
860
4,250
1,011
233
4,313
1,534
2,530
857
4,202
1,024
231
-191,337 -197,955
82,763
87,748
-108,574 -110,207
-16,270
7,620
-8,650
-16,605
7,005
-9,600
-16,962
6,757
-10,205
Imports of goods and services .
Other transportation
Royalties and license fees
Other private services
Direct defense expenditures2
U.S. Government miscellaneous services .
Memoranda:
Balance on goods
Balance on services
Balance on goods and services
p Preliminary.
r
Revised.
1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and
57,902
4,238
13,040
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.'
Nov.*7
77,813
79,058
77,707
76,650
76,225
74,994
74,988
77,467
80,219
78,653
56,350
4,220
12,553
24,807
6,350
6,425
57,217
55,335
3,758
12,471
23.790
6,468
54,719
3,664
54,767
3,794
53,825
3,716
56,005
3,276
58,339
12,562
12,052
11,864
23,799
5,983
6,562
2,905
-756
24,369
24,843
4,732
53,862
3,601
12,037
23,863
5,601
6,692
3,382
-1,314
3,989
12,477
26,851
5,983
6,811
3,429
-1,202
56,837
3,796
12,376
25,878
6,372
6,548
3,434
-1,567
21,126
5,557
1,555
2,137
2,842
7,647
1,322
66
21,462
5,681
1,590
2,178
2,839
7,704
1,404
21,880
5,951
1,613
2,237
2,870
7,717
1,428
64
21,816
5,987
1,632
2,229
2,902
7,647
1,354
65
3,995
12,861
11,915
26,099
2,802
-807
24,881
6,578
6,550
3,233
-882
-698
6,658
2,977
-965
21,463
5,994
1,737
2,120
2,893
7,263
1,391
65
21,841
5,720
1,658
2,103
2,919
7,423
1,953
65
22,372
6,427
1,824
2,149
2,973
7,597
1,337
65
21,931
6,032
1,744
2,120
2,977
7,578
1,414
21,458
5,682
1,655
2,022
2,958
7,738
1,337
66
21,169
5,490
1,527
2,089
2,862
7,711
1,425
65
89,427
92,555
91,725
92,291
90,438
91,662
91,836
93,807
94,146
74,470
3,511
16,829
22,236
12,188
16,871
2,609
226
77,720
3,546
16,733
23,090
12,974
18,213
2,657
508
76,670
3,398
17,294
22,307
12,183
18,274
2,892
322
77,297
3,455
17,448
23,132
12,542
17,893
2,539
288
75,297
3,590
16,610
22,179
11,774
18,174
2,615
355
74,854
3,436
16,629
22,284
10,677
18,267
3,204
358
76,597
3,353
16,807
22 223
12,236
17,981
3,302
76,806
3,330
16,495
22,236
12,960
18,014
3,226
546
78,506
3,342
16,853
22,952
13,365
18,190
3,248
556
78,718
3,348
16,335
23,394
13,640
18,275
3,219
508
14,588
4,452
1,545
2,355
832
4,123
1,047
234
14,957
14,835
4,408
1,542
2,550
819
4,234
1,047
235
15,055
4,567
1,613
2,417
14,994
4,420
1,564
2,497
921
4,343
1,014
235
15,057
4,288
1,548
2,565
923
4,481
1,016
236
15,030
4,372
1,500
2,476
874
4,554
1,017
237
15,301
4,462
1,543
2,564
879
4,598
1,021
234
15,428
905
4,297
1,021
235
15,141
4,478
1,580
2,516
933
4,388
1,010
236
15,065
4,449
1,563
2,346
1,199
4,114
1,051
235
-17,076
7,178
-18,120
6,506
-11,614
-20,504
7,006
-13,498
-21,335 -22,578 -20,530 -21,029 -22,735 -20,802
7,317
6,937
6,112
6,317
6,061
6,432
-20,168
6,579
-13,589
-21,881
6,388
-15,493
11,834
17,200
2,815
578
6,590
2,913
-655
-14,018
-15,641
5,601
6,864
2,985
-14,213
-14,917
4,348
1,520
2,582
873
4,488
1,017
237
-16,674
5,993
6,735
2,928
-940
-14,370
definitions used to prepare BEA's international and national accounts.
2. Contains goods that cannot be separately identified.
Source: U.S. Department of Commerce, Bureau of Economic Analysis and Bureau of the Census.
4,511
1,573
2,605
895
4,585
1,025
234
D-52
• International Data
SURVEY OF CURRENT BUSINESS
February 2999
Table F.2.—U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
(Credits +; debits - ) l
Line
1997
Seasonally adjusted
1997
1998
1997
I
IV
1,179,380
296,689
298,106
302,613
296,986
294,063
284,967
295,287
300,481
299,843
299,061
292,483
287,751
Goods, adjusted, excluding military2
679,325
172,420
166,214
177,996
170,589
168,303
157,196
169,240
172,302
174,284
171,469
164,821
163,560
Services3
Transfers under U.S. military agency sales contracts 4
258,268
18,269
62,807
4,890
69,984
4,883
64,468
4,158
63,344
4,672
63,677
4,088
67,790
4,151
64,776
4,890
65,628
4,883
65,175
4,158
65,070
4,672
65,762
4,088
63,757
•4,151
73,268
20,895
26,911
18,157
5,027
6,719
21,890
5,988
6,721
17,149
5,072
6,897
15,817
4,877
6,290
17,741
5,053
6,279
20,055
5,322
6,470
18,542
5,189
6,724
18,325
5,212
6,678
18,204
5,364
6,809
17,967
5,198
6,460
18,141
5,223
6,292
16,728
4,672
6,404
33,676
84,465
784
8,158
19,665
191
8,483
21,819
200
8,949
22,053
190
8,443
23,050
195
8,615
21,704
8,457
23,138
197
8,407
20,833
191
8,580
21,750
200
8,381
8,675
21,903
195
8,908
22,069
22,913
197
8,543
23,062
197
241,787
109,407
128,845
3,535
61,462
61,908
28,157
60,149
25,286
32,041
750
32,717
1,034
34,069
62,083
26,212
35,105
766
62,551
28,935
32,717
62,522
26,391
35,302
61,900
25,848
35,105
60,434
24,738
34,810
794
63,053
26,828
35,302
923
61,271
28,671
829
947
-1,294,904
-321,456
-336,982
-335,517
-324,587
-339,452 -347,273
-321,342
-329,130
-332,549 -336,316 -339,731 -338,966
Goods, adjusted, excluding military2
-877,279
-217,227
-225,472
-229,229
-218,744
-227,804
-232,110
-218,336
-221,598
-224,123
Services3
Direct defense expenditures
-170,520
-11,488
-43,026
-2,699
-46,952
-2,938
-42,170
-3,055
-41,417
-3,145
-45,985
-3,045
-48,803
-3,050
-42,195
-2,699
-43,437
-2,938
-43,795
-3,055
-44,379
-3,145
-45,190
-3,045
-45,152
-3,050
Other transportation
-51,220
-18,235
-28,949
-13,601
-4,975
-7,288
-15,667
-5,304
-7,330
-11,084
-4,003
-7,437
-11,290
-4,260
-7,066
-14,318
-5,079
-7,390
-15,917
-5,126
-7,771
-12,764
-4,663
-7,317
-12,897
-4,704
-7,200
-12,823
-4,557
-7,397
-13,309
-4,650
-7,250
-13,465
-4,757
-7,430
-13,008
-4,568
-7,623
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services .
-9,411
-48,421
-2,796
-2,045
-11,739
-2,573
-12,410
-730
-2,707
-13,183
-701
-2,835
-12,117
-704
-2,590
-12,857
-2,695
-13,534
-12,409
-730
-2,850
-12,471
-704
-2,670
-710
-2,578
-12,684
-701
-2,759
-706
-2,168
-11,905
-679
-2,559
-679
-13,028
-706
-13,523
-710
-247,105
-45,674
-113,959
-87,472
-61,203
-11,279
-28,023
-21,901
-64,558
-13,011
-28,849
-22,698
-64,118
-11,061
-30,382
-22,675
-64,426
-10,458
-31,285
-22,683
-65,663
-11,059
-31,644
-22,960
-66,360
-11,517
-32,066
-22,777
-60,811
-10,887
-28,023
-21,901
-64,095
-12,548
-28,849
-22,698
-64,631
-11,574
-30,382
-22,675
-64,770
-10,802
-31,285
-22,683
-65,277
-10,673
-31,644
-22,960
-65,894
-11,051
-32,066
-22,777
-39,691
-8,626
-9,346
-12,568
-9,617
-9,034
-9,822
-9,035
-9,445
-12,337
-9,480
-9,442
-10,084
-12,090
-4,193
-23,408
-2,274
-836
-5,516
-2,362
-931
-6,053
-5,213
-1,359
-5,996
-2,266
-1,019
-6,332
-2,063
-898
-2,582
-838
-6,073
-6,402
-2,274
-1,055
-5,706
-2,362
-1,056
-6,027
-5,213
-1,069
-6,055
-2,266
-1,126
-6,088
-2,063
-1,126
-6,253
-2,582
-1,132
-6,370
U.S. assets abroad, net (increase/capital outflow (-)) .
-478,502
-88,005
-124,276
-118,465
-48,591
-111,123
-49,126
-86,606
-123,317
-123,441
-45,648
-109,787
-48,052
U.S. official reserve assets, net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
-1,010
-236
-730
^,524
-444
-1,945
-2,026
-236
-730
-4,524
-444
-1,945
-2,026
-350
-3,575
2,915
-133
54
-150
188
-2,078
-136
-133
54
-139
-463
-128
-150
-182
-85
-177
72
-1,031
-986
188
-2,078
-157
72
-1,031
-986
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net
174
-5,302
5,504
-28
-269
-1,616
1,358
-11
-388
-1,189
1,177
-376
^33
-1,159
722
4
-477,666
-121,843
-87,981
,
Foreign assets in the United States, net (increase/capital inflow (+)) ...
Exports of goods, services, and income .
Travel
Passenger fares
Other transportation
Royalties and license fees 5
Other private services5
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 .
Travel ....
Income payments on foreign assets in the United States .
Direct investment payments
Other private payments
U.S. Government payments
Unilateral transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers6
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. claims reported by U.S. banks, not included elsewhere
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
Other U.S. Government liabilities n
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. currency
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
197
59,981
24,181
34,810
^63
-128
-4,221
-153
-182
-85
-177
436
-1,421
1,878
-21
29
-1,097
1,097
29
-388
-1,189
1,177
-376
-433
-1,159
722
4
194
-1,266
1,344
116
-87,500
-27,787
-23,263
-123,982
-28,447
-41,167
-113,970
-30,494
-8,030
-47,759
-37,264
-6,973
-108,745
-41,925
-27,878
-47,294
-22,317
-120,403
-147,439
-9,825
-26,625
-24,791
-29,577
-47,907
-27,539
-6,596
3,074
-14,327
-24,615
733,441
150,160
182,507
219,472
95,172
15,817
-2,936
-7,270
4,334
-2,521
21,928
-654
-5,411
-10,862
-11,689
827
-523
5,043
931
21,258
9,353
6,686
2,667
-1,167
12,439
633
-26,979
11,324
13,946
11,336
2,610
-32,811
1,007
-956
-20,318
254
-422
9,380
832
717,624
93,449
161,249
20,033
35,432
6,576
60,327
246,451
27,434
35,301
9,900
36,783
83,848
25,574
-1,701
746
77,019
175,676
19,684
26,916
2,349
71,017
160,375
146,710
24,782
196,845
155,571
20,536
42,614
4,822
54,258
107,779
148,059
5,274
28,067
26,275
12,606
47,390
89,643
32,707
-50,497
18,040
37,670
-99,724
-28,762
-10,009
-55,535
-9,363
-197,954
87,748
-110,206
-5,318
-44,807
19,781
-25,026
259
-59,258
23,032
-36,226
-2,650
-51,233
22,298
-28,935
-3,969
-48,155
21,927
-26,228
-1,373
-115,524
-39,691
-155,215
-24,767
-8,626
-33,393
-38,876
-9,346
-48,222
-32,904
-12,568
-45,472
-27,601
-9,617
-37,218
-24,492
-24,578
86
-244
-3,250
-1,059
-607
28,286
32,041
944
-157
-269
899
436
-1,421
190
60,384
25,470
34,069
845
-4,221
-153
29
-227,167 -229,264 -227,920
-136
194
-1,266
-11
-21
-1,097
1,097
29
16,970
-86,101
-26,388
-23,263
-123,023
-27,488
-41,167
-118,946
-35,470
-8,030
-44,816
-34,321
-6,973
-107,409
-40,589
-27,878
-46,220
-21,243
16,970
-13,612
-28,335
-9,825
-26,625
-24,791
-29,577
-47,907
-27,539
-6,596
3,074
-14,327
-24,615
-13,612
-28,335
165,402
114,005
149,773
181,438
220,491
95,529
-10,274
-20,064
-46,370
-30,905
-5,411
-10,862
-11,689
827
-523
5,043
931
21,258
9,353
6,686
2,667
-1,167
12,439
633
-26,979
11,324
-24,492
-24,578
86
-244
-3,250
1,007
-1,059
-607
-956
-10,274
-20,064
-20,318
254
^22
9,380
832
-46,370
-30,905
-32,811
1,906
-414
-12,607
-2,444
22,938
155,184
20,149
42,614
4,822
54,258
160,180
18,964
35,432
6,576
60,327
247,470
28,453
35,301
9,900
36,783
84,205
25,931
-1,701
746
77,019
175,133
19,141
26,916
2,349
71,017
159,232
27,065
-257
7,277
22,938
19,529
82,680
5,274
28,067
26,275
12,606
47,390
89,643
32,707
-50,497
18,040
37,670
19,529
82,680
7,249
-28,077
-20,027
-10,018
-52,007
3,528
-3,146
6,217
1,618
1,474
-3,511
-10,760
-59,501
17,692
-41,809
-3,580
-74,914
18,987
-49,096
22,581
-49,296
22,191
-49,839
21,380
-64,360
18,605
-26,515
460
-27,105
-1,544
-28,459
-4,247
-55,698
20,691
-35,007
-2,248
-64,443
20,572
-55,927
-6,379
-43,871
-3,377
^5,755
-5,460
-45,389
-9,034
-54,423
-62,306
-9,822
-72,128
-26,055
-9,035
-35,090
-28,649
-9,445
-38,094
-32,706
-12,337
-45,043
-37,255
-9,480
^6,735
-47,248
-9,442
-56,690
-51,215
-10,084
-61,299
1,906
-414
-12,607
-2,444
28,208
-257
7,277
-1,616
1,358
1,878
13,946
11,336
2,610
1,344
116
112,862
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
Of which seasonal adjustment discrepancy
65
Memoranda:
Balance on goods (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 65 and 66)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 67 and
68) 13
Unilateral transfers, net (line 29)
Balance on current account (lines 1, 15, and 29 or lines 69 and 7 0 ) l 3
See footnotes to table F.3.
International Data •
SURVEY OF CURRENT BUSINESS
February 2999
D-53
Table F.3.—U.S. International Transactions, by Area
[Millions of dollars]
Western Europe
European Union l 4
United Kingdom
1998
1998
(Credits +; debits - ) ]
Line
European Union (6) l
1998
III''
Exports of goods, services, and income
Goods, adjusted, excluding military2
Services3
Transfers under U S military agency sales contracts4
Travel
Passenger fares
Other transportation
Royalties and license fees 5
Other private services5
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 fees 5
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
U.S. Government grants 4
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 unaffiliated 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 securities
U.S. Treasury securities 9
Other 10
Other U.S. Government liabilities11
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. currency
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
91,028
41,590
21,582
1,066
4,883
1,541
1,873
4,252
7,927
40
27,856
12,970
14,606
280
-93,117
^4,938
-15,721
-1,734
-3,267
-1,904
-2,517
-1,572
-4,433
-294
-32,458
-7,606
-15,120
-9,732
-41
-70
-333
362
-42,410
-151
90,139
39,537
23,053
1,100
5,570
1,758
1,849
4,480
8,256
40
27,549
13,236
14,135
178
-99,829
-48,104
-19,017
-1,601
-5,335
-2,657
-2,660
-1,582
-4,886
-296
-32,708
-7,182
-15,634
-9,892
-52
-153
-327
428
-73,296
-148
-151
187
-93
273
7
-42,446
-22,106
-1,060
-148
-5,201
-14,079
78,157
-3,511
5
-59
126
-62
-73,153
-25,519
-10,414
-11,559
-25,661
112,503
37,213
24,622
1,107
6,872
1,940
1,933
4,401
8,329
40
26,498
12,053
14,162
283
-101,089
-48,330
-1,595
-5,499
-2,694
-2,920
-1,662
-5,199
-300
-32,890
-7,393
-15,614
-9,883
-68
-170
-323
425
-14,403
-50
-50
212
-76
277
11
-14,565
-9,532
9,005
-14,038
96,763
83,138
38,711
19,257
675
4,502
1,489
1,619
4,002
6,935
35
25,170
11,385
13,549
236
-84,530
-40,618
-14,067
-1,436
-3,002
-1,728
-2,090
-1,364
-4,195
-252
-29,845
-6,868
-13,938
-9,039
171
81,685
36,424
20,636
696
5,082
1,705
1,569
4,264
7,285
35
24,625
11,458
13,009
158
-90,721
-43,946
-16,758
-1,384
-4,630
-2,413
-2,135
-1,334
-4,608
-254
-30,017
-6,462
-14,436
-9,119
208
79,508
34,151
22,048
701
6,367
1,868
1,595
4,174
7,308
35
23,309
10,255
12,815
239
-92,165
-43,841
-17,622
-1,380
-4,937
-2,462
-2,242
-1,435
-4,908
-258
-30,702
-7,182
-14,372
-9,148
222
-289
460
-38,517
-420
-291
499
-67,368
-135
-293
515
4,145
-3
•^420
136
-77
204
-135
-10
-38
30
-2
-67,223
-23,990
-12,346
179
-31
203
7
3,969
-8,040
5,915
-7,058
-9,247
-569
-45,434
-14,583
-5,801
7,022
-3,116
-1,493
-10,651
-20,236
103,234
6,094
93,214
-3,670
6,428
61,970
-1,622
-23,428
62,719
11,631
52,277
-38,233
-20,009
-4,128
-13,148
75,869
(18)
5,245
a
(.8)
n
n10
168
(18)
(18)
(18)
(18)
(18)
n
-97
7
81,668
20,441
(17)
107,258
14,642
(17)
51,675
56,874
16,866
(17)
-33,617
-29,465
-3,348
5,861
2,513
-4,602
-8,567
4,036
-4,531
-5,159
-11,117
4,753
-6,364
-6,392
-2,089
-9,690
-52
-9,742
-12,756
-68
40,903
131
(18)
(.8)
(18)
(18)
(.8)
16,661
15,036
14,413
(.8)
23,367
(17)
(18)
(18)
47,178
50,245
28,307
18
-16,287
15,837
8
21,948
-36,131
-27,038
-1,907
5,190
3,283
-4,675
-7,522
3,878
-3,644
-1,392
-9,036
171
-1,221
208
-8,828
(18)
26,341
10,070
6,129
89
1,655
585
405
809
2,573
13
10,142
3,234
6.908
26,418
9,761
6,792
91
2,060
668
405
-30,897
-8,111
-5,348
-131
-1,006
-736
-564
-541
-2,346
-24
-17,438
-2,322
-9,882
-5,234
-31,995
-8,674
-5,994
-119
-1,405
-964
-557
-429
-2,494
-26
-17,327
-1,999
-10,174
-5,154
2,689
13
3,032
6,833
346
-50
396
-7,058
(18)
(.8)
(.8)
(18)
13
(.8)
(18)
-32,014
-8,495
-6,213
-110
-1,401
-1,003
-597
-493
-2,583
-26
-17,306
-1,895
-10,247
-5,164
388
-50
419
-45,432
-48
436
7,021
42,361
21,149
9,843
165
2,125
812
761
41,074
2,315
3,337
17
11,545
6,669
4,731
145
-42,504
-25,671
-6,850
-1,218
-1,496
-689
-1,063
2,450
3,563
17
-1,507
-187
-9,983
-3,979
-3,405
-2,599
30
2,430
3,533
17
11,369
6,845
4,382
142
-45,754
-27,651
-8,383
-1,173
-2,392
-1,031
-1,077
-755
-1,768
-187
-9,720
-3,422
-3,570
-2,728
37
-159
189
-14,637
-420
-161
198
-12,137
-135
-420
-135
-8
-3
-14,226
-7,151
296
-11,994
-7,139
-1,725
-4,401
-4,522
3,405
4,272
-11,643
10,785
-7,859
4,729
34,309
-3,284
46
(.8)
(.8)
5,613
37
(18)
(18)
(18)
6,404
(18)
(18)
30,946
31,551
39,907
25,486
18
-2,777
19,387
18
6,122
-84,924
-50,702
-12,079
1,959
-6,019
19,829
10,904
166
2,979
948
781
10,341
5,909
4,277
155
-46,474
-27,299
-8,663
-1,180
-2,499
-974
-1,110
-763
-1,946
-191
-10,512
-4,295
-3,459
-2,758
48
-166
214
^,399
-3
5
32,068
(18)
(.8)
(18)
(18)
(18)
R
18)
(18)
(.8)
38,763
18
43,343
22,473
9,325
160
1,999
713
784
(18)
(18)
8,302
(18)
25,995
9,294
7,104
92
2,396
686
385
874
2,658
13
9,597
2,839
6,758
139
113
(18)
(18)
(18)
(18)
(.8)
(.8)
7,932
13,021
(.8)
(18)
23,266
13,261
16,230
29,716
1,718
18
-10,635
-3,984
8
13,992
-53,667
2,983
-18,816
-22,317
799
891
1,690
-7,709
-3,198
2,475
-723
1,562
-6,502
1,460
-5,042
1,649
-7,470
2,241
30
-3,393
37
-3,356
-5,400
48
-5,352
18
"H374
8
4,560
Allocations of special drawing rights
Statistical discrepancy, and transfers of funds between foreign areas,
net (sum of above items with sign reversed) .
Memoranda:
Balance on goods (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 65 and 66)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 67 and
68) «3
71
Unilateral transfers, net (line 29)
Balance on current account (lines 1,15, and 29 or lines 69 and 70) 1 3
-41
-2,130
-12,824
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 1998" in the January issue of the SURVEY.
-5,392
4,426
-5,264
-7,393
-7,296
1,087
798
1,885
-7,462
-12,657
222
-12,435
-4,556
346
-4,210
-5,577
oen
-5,208
781
2,740
388
-5,631
-5,229
-171
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, 1998, were as follows in millions of dollars: Line 34, 75,675;
line 35, 11,044; line 36, 10,106; line 37, 21,644; line 38, 32,882. Data are preliminary.
D-54
• International Data
February 1999
SURVEY OF CURRENT BUSINESS
Table F.3.—U.S. International Transactions, by Area
[Millions of dollars]
Line
(Credits +; debits - )
Eastern Europe
Canada
1998
1998
l
Japan
Latin America and Other Western
Hemisphere
1998
1998
III*
111"
Exports of goods, services, and income
Goods, adjusted, excluding military2
Services3
Transfers under U.S. military agency sales contracts 4
Travel
Passenger fares
Other transportation
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services
Income receipts 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 fees 5 ..
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
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers6
3,448
2,008
950
89
254
39
79
61
418
10
490
231
173
86
-3,273
-2,418
-493
-41
-137
-51
-67
-5
-177
-15
-362
-1
-120
-241
-671
-296
-10
-365
U.S. assets abroad, net (increase/capital outflow (-))
3,582
2,319
968
60
374
44
72
339
10
295
68
179
48
-3,914
-2,847
-650
-30
-265
-99
-57
-3
-181
-15
-417
-2
-130
-285
-823
-459
-10
-354
-1,086
3,067
1,669
1,071
96
393
46
69
63
394
10
327
74
182
71
-4,075
-2,869
-771
-30
-368
-108
-64
-3
-183
-15
-435
-2
-147
-286
-944
-598
-9
-337
1,173
49,825
39,575
5,258
23
1,823
444
580
343
2,041
4
4,992
2,493
2,499
50,815
40,877
5,198
24
1,857
379
594
367
1,973
4
4,740
2,251
2,489
44,759
35,671
4,759
24
1,336
320
582
-48,896
-43,891
-3,127
-12
-772
-99
-726
-105
-1,377
-36
-1,878
-618
-997
-263
-132
-51,129
-44,917
-4,030
-16
-1,501
-165
-754
-86
-1,472
-36
-2,182
-963
-996
-223
-104
-48,822
-42,043
-5,019
-15
-2,439
-178
-762
-89
-1,500
-36
-1,760
-519
-1,040
-201
-129
-120
-12
-4,664
-119
15
-4,186
-125
-4
-14,072
363
2,130
4
4,329
1,782
2,547
61,402
35,281
10,583
158
4,309
1,200
836
535
3,507
38
15,538
4,651
10,818
69
-55,814
-34,847
-8,357
-93
-3,802
-772
-571
-51
-2,957
-111
-12,610
-684
-9,080
-2,846
-2,953
-315
-160
-2,478
-16,386
62,180
61,648
34,351
11,932
166
5,122
1,315
-27
-174
147
35
-10
10
35
71
-267
273
65
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. claims reported by U.S. banks, not included elsewhere
-138
-703
4
-1,121
-659
-392
1,102
-302
427
-4,665
-3,440
46
-4,185
-1,966
-1,591
136
425
-241
171
Foreign assets in the United States, net (increase/capital inflow (+)) ..
States, net
Foreign official assets in the United St;
U.S. Government securities
U.S. Treasury securities9 ...
Other 10
Other U.S. Government liabilities n
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. currency
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 includedelsewhere '.! '.'.'..
102
-245
347
-26
-838
34
-427
429
32
10
2
14,900
17,712
-1,877
4
251
38
18
-1,509
-972
-180
-934
-645
-992
-34
-9,026
-1,828
-2,294
-4,904
-51
-22
-29
-4,099
569
-14,744
1,247
-14,362
-3,052
-22,106
-15,000
7,844
-1,572
20,938
-270
19,290
-7,024
7,629
10,925
70,496
-10,810
-20,119
-21,938
27,525
(18)
(18)
(18)
(18)
(.8)
(18)
(18)
(18)
(18)
(18)
(18)
-879
C1998)
-4,057
-300
-1,580
952
1,531
(18)
(18)
R
n
n
-1,073
791
-29,774
-494
-3,972
(18)
(18)
(18)
(18)
(.8)
-42,857
-4,014
-523
3,533
(18)
(18)
(18)
(18)
11
1,676
422
1,244
10
-15,522
-4,619
-3,747
4,240
(18)
1,396
2,036
-39,109
-3,880
-10.071
458
-44
(18)
(18)
(18)
2,674
1,072
717
0
977
14
8,015
109
-16,488
-5,300
1,927
-2,010
<•;>
-25
-1
16,876
-838
14,083
-14,072
-2,983
3,655
-1,303
PI
R
-24
-51
14,884
-26
3,854
38
15,365
3,840
11,425
100
-58,114
-36,405
-8,706
-78
-3,762
-697
-607
-55
-3,396
-111
-13,003
-576
-9,467
-2,960
-3,128
-290
-146
-2,692
-15,488
23,774
166
-138
311
-7
-662
-609
l7
23,879
14,086
7,802
109
2,541
1,060
740
1,485
1,856
11
1,991
377
1,603
11
-42,135
-29,972
-3,871
-308
-720
-208
-1,023
-634
-944
-34
-8,292
-1,325
-1,994
-4,973
-26
10,729
154
4,238
1,298
823
569
3,609
38
15,752
4,322
11,330
100
-57,944
-36,728
-6,545
-78
-3,861
-641
-613
-51
-3,190
-111
-12,671
^13
-9,323
-2,935
-2,911
-229
-151
-2,531
-38,943
U.S. official reserve assets, net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net
25,947
14,782
8,456
638
2,085
1,159
717
1,614
2,232
11
2,709
740
1,940
29
-42,280
-30,353
-3,764
-362
-625
-181
-990
-502
-1,070
-34
-8,163
-639
-2,354
-5,170
-75
5,119
1,695
(17)
1,703
-539
-33
393
-6
(17)
( 1? )
10,861
9,626
(17)
626
3
-625
(18)
(.8)
(18)
1
(.8)
(18)
(18)
1,014
(18)
298
(.8)
3,200
(18)
-939
(.8)
3J3
22,842
10,301
-10,450
-2,583
3,637
9,729
18
-22,153
1,276
18
57,976
16,500
18
-16,490
-1,855
18
-18,625
-2,261
18
-24,101
(18)
(18)
(.8)
(18)
(18)
571
(18)
144
(.8)
(.8)
18
25,120
Allocations of special drawing rights
Memoranda:
Balance on goods (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 65 and 66)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 67 and
68) 13
Unilateral transfers, net (line 29)
Balance on current account (lines 1,15, and 29 or lines 69 and 70) l 3 ....
1,964
3,232
2,789
3,409
364
10,635
2,826
-32,878
25,892
21,643
23,344
-4,292
-410
457
47
128
-528
318
-210
-122
-1,200
300
-900
-108
-4,316
2,131
-2,185
3,114
^,040
1,168
-2,872
2,558
-6,372
-260
-6,632
2,569
434
2,226
2,660
2,928
-1,029
2,184
1,155
3,081
-2,054
3,226
1,172
2,362
-15,571
4,692
-10,879
-5,454
-15,886
3,931
-11,955
-6,301
-15,691
3,958
-11,733
-7,350
175
-671
-496
-332
-823
-1,155
-1,008
-944
-1,952
929
-132
797
-314
-104
-418
^,063
-129
-4,192
5,588
-2,953
2,635
4,236
-2,911
1,325
3,534
-3,128
406
-16,333
-75
-16,408
-18,256
-26
-19,083
-51
-19,134
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 1998" in the January 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.
-18,282
13. Conceptually, the sum of lines 71 and 63 is equal to "net foreign investment" in the national income and
product accounts (NIPA's). However, the foreign transactions account in the NIPA's (a) includes adjustments to the
international transactions accounts for the treatment of gold, (b) includes adjustments for the different geographical
treatment of transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment
by financial pension plans except life insurance carriers and private noninsured pension plans. A reconciliation of
the balance on goods and services from the international accounts and the NIPA net exports appears on page
D-74 of this issue. 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).
February 1999
D-55
International Data
SURVEY OF CURRENT BUSINESS
Table F.3.—U.S. International Transactions, by Area
[Millions of dollars]
Line
(Credits +; debits - )
l
Australia
Other countries in Asia and Africa
1998
1998
International organizations and
unallocated16
1998
III''
I
5,849
5,999
6,199
1,503
1,472
1,532
130
134
170
434
939
444
894
923
Exports of goods, services, and income
5,698
5,618
5,681
53,789
51,851
51,506
Goods, adjusted, excluding military 2
3,109
2,858
2,931
34,244
32,927
31,278
Services3
Transfers under U.S. military agency sales contracts4
1,306
212
1,358
219
1,470
220
13,706
2,486
13,097
2,422
14,389
2,429
337
117
76
356
120
77
448
132
82
2,126
377
1,999
2,805
3,210
394
1,990
497
2,049
158
402
4
180
400
6
175
407
6
1,046
5,584
88
1,021
4,377
1,051
5,065
88
1,283
508
775
1,402
631
771
1,280
530
750
5,839
2,916
2,646
277
5,827
2,862
2,731
234
5,839
2,829
4,527
2,465
1,867
195
4,667
2,651
316
4,346
2,319
1,845
182
-2,748
-2,547
-2,552
-1,054
-720
-786
Travel
Passenger fares
Other transportation
5
Royalties and license fees
Other private services5
U.S. Government miscellaneous services
Income receipts on U.S. assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
2,694
1,806
210
Imports of goods, services, and income
-2,441
-2,438
-2,500
-76,018
-79,516
-87,264
Goods, adjusted, excluding military2
-1,262
-1,434
-1,313
-61,035
-63,802
-71,376
-722
-11
-555
-9
-731
-9
-8,179
-892
-8,597
-1,003
-8,864
-1,023
Travel
Passenger fares
Other transportation
-260
-150
-67
-159
-112
-40
-294
-131
-51
-2,427
-1,103
-1,796
-2,477
-1,197
-1,885
-2,583
-1,138
-2,019
-332
-358
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services .
-17
-205
-12
-9
-214
-12
-9
-225
-12
-38
-1,721
-202
-38
-1,795
-202
-35
-1,864
-202
-545
-177
-187
-175
-197
-175
-457
-190
-172
-95
-449
-213
-160
-76
-456
-237
-158
-61
-6,804
182
-2,653
-4,333
-7,117
15
-1,694
-902
-2,569
-4,563
-7,024
34
-2,579
-4,479
-789
-3
-1,827
-976
-838
-13
-1,766
-996
-767
>-3
-40
-39
-36
-3,433
-2,940
-3,509
-2,272
-2,139
-1,957
-999
-120
-1,821
-1,410
-122
-1,977
-247
-241
-1,784
-223
-137
-1,779
-114
-82
-1,761
3,797
-3,037
-3,481
-5,031
-267
-959
-1,890
-182
-85
72
-1,031
188
-2,078
167
-205
365
7
-286
-317
-317
-291
-291
3,630
-2,087
4,379
-2,205
-2,302
158
-15
-46
-2,850
-2,027
119
1,388
-2,330
Services3
Direct defense expenditures
Income payments on foreign assets in the United States .
Direct investment payments
Other private payments
U.S. Government payments
Unilateral transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers 6
U.S. assets abroad, net (increase/capital outflow (-)}
-9
-31
-9
-30
-9
-27
-1,338
-122
-1,973
-1,431
-7,496
-1,003
4,618
U.S. official reserve assets, net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns .
U.S. claims reported by U.S. banks, not included elsewhere
Foreign assets in the United States, net (increase/capital inflow (+))
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities 9
O t n e r 10
Other U.S. Government iiabilities 11 "Z!!!!!!!"!!!!"!!!!Z!!!!!!!"!!""""""!"!!"""!"""
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. currency
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
-374
-391
410
-393
-322
-635
275
811
-1
-1
-1,430
-1,316
-15
-1,003
-244
-401
128
-227
-7,495
-4,743
-1,348
129
-1,533
-358
4,992
-2,178
-3,778
-690
11,638
-674
2,738
-3,025
19,974
(18)
(18)
(18)
(.8)
(18)
(18)
(18)
-178
(18)
(18)
-13
.8
(18)
(18)
(18)
(18)
(18)
1,475
(18)
487
(18)
182
(18)
175
-159
-1,987
-325
1,623
8
1,132
-1,112
1,617
-167
(18)
(18)
(18)
-2,116
(18)
3,217
18
-3,034
38
2,261
4,318
i"338
-2,484
-1,727
-125
18
-650
-1,760
-12,581
7,754
114
10,514
(.8)
(18)
(18)
(.8)
(18)
(18)
\7
-270
(.8)
(18)
7,754
811
114
838
(18)
10,514
851
(18)
-979
-4,789
R
2
(.8)
138
(.8)
-5,193
(18)
746
-74
57
8
6,214
31,876
48,051
-5,546
2,054
-7,173
-30,875
4,500
-26,375
-1,290
-27,665
-40,098
5,525
-34,573
449
449
2,652
3,101
-2,272
752
752
2,700
3,452
-2,139
1,313
746
746
2,901
3,647
-1,957
1,690
(18)
1,563
18
17,477
655
59
18
-2,533
1,070
-26,791
5,527
-7,256
18
2,349
8
215
73
-3,361
7,277
-203
3,029
-440
18
Allocations of special drawing rights
Statistical discrepancy, and transfers of funds between foreign areas, net (sum of
above items with sign reversed)
Memoranda:
Balance on goods (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 65 and 66)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 67 and 6 8 ) ! 3
Unilateral transfers, net (line 29)
Balance on current account (lines 1,15, and 29 or lines 69 and 70} 1 3
1,847
584
1,424
803
2,431
826
3,257
-40
3,217
2,227
953
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
3,180
-39
3,141
1,618
739
2,357
824
3,181
-36
3,145
-21,264
-965
-22,229
-3,433
-25,662
-2,940
-30,605
-1,185
-35,758
-3,509
-39,267
829
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 62.
NOTE.—The data in tables F.2 and F.3 are from tables 1 and 10 in "U.S. International Transactions, Third Quarter
1998" in the January issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent estimates from
the balance of payments accounts.
D-56
• International Data
SURVEY OF CURRENT BUSINESS
February 1999
Table F.4—Private Service Transactions
[Millions of dollars]
Seasonally adjusted
Line
1996
1997
1997
II
1998
I
IV
III
II'
III"
222,134
239,215
59,695
60,545
60,827
60,203
61,477
59,409
Travel (table F.2, line 5)
Passenger fares (table F.2, line 6)
Other transportation (table F.2, line 7)
Freight
Port services
69,751
20,413
26,074
11,146
14,929
73,268
20,895
26,911
11,773
15,137
18,542
5,189
6,724
2,910
3,814
18,325
5,212
6,678
2,919
3,759
18,204
5,364
6,809
3,031
3,778
17,967
5,198
6,460
2,901
3,559
18,141
5,223
6,292
2,715
3,577
16,728
4,672
6,404
2,656
3,748
7
8
9
10
11
12
13
Royalties and license fees (table F.2, line 8)
Affiliated
U.S. parents' receipts
U.S. affiliates' receipts
Unaffiliated
Industrial processesl
Other2
32,823
24,710
22,781
1,929
8,113
3,488
4,625
33,676
25,515
23,457
2,058
8,161
3,272
4,889
8,407
6,373
5,897
8,580
6,543
5,929
8,381
6,330
5,724
8,675
6,600
5,905
8,908
6,803
6,182
8,543
6,405
6,009
819
812
809
811
815
820
1,215
1,225
1,242
1,264
1,290
1,318
14
15
16
17
18
19
20
21
22
23
24
25
26
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 services3
73,073
23,779
14,772
9,007
49,295
7,888
8,382
1,971
5,978
4,007
3,270
17,599
10,185
84,465
26,336
16,164
10,172
58,128
8,278
11,064
2,391
5,952
3,561
3,771
21,304
11,321
20,833
6,579
4,045
2,534
14,254
2,052
2,598
21,750
6,791
4,128
2,663
14,959
2,108
2,914
22,069
6,717
4,198
2,519
15,352
2,105
3,157
21,903
6,644
4,101
2,543
15,259
2,100
2,891
22,913
6,876
4,201
2,675
16,037
2,096
3,617
23,062
6,923
4,245
2,678
16,139
2,155
3,580
892
938
879
956
875
987
880
969
890
940
902
914
5,293
2,780
5,500
2,876
5,564
2,923
5,669
3,001
5,755
2,987
5,790
3,044
142,261
156,236
38,817
39,769
40,039
40,530
41,439
41,392
48,048
15,818
27,403
16,539
10,864
51,220
18,235
28,949
17,644
11,305
12,764
4,663
7,317
4,581
2,736
12,897
4,704
7,200
4,408
2,792
12,823
4,557
7,397
4,454
2,943
13,309
4,650
7,250
4,461
2,789
13,465
4,757
7,430
4,730
2,700
13,008
4,568
7,623
4,978
2,645
7,854
5,506
9,411
7,087
2,168
1,600
2,559
1,941
2,578
1,980
2,850
1,877
2,759
2,154
2,670
2,032
766
955
220
235
284
247
182
196
4,740
2,347
1,233
1,115
6,132
2,324
1,265
1,060
1,380
1,706
1,696
1,630
1,972
1,836
568
315
253
618
313
305
598
317
282
973
324
649
605
335
270
638
347
292
12,409
4,635
2,427
2,208
7,774
12,684
4,801
2,445
2,356
7,883
12,471
4,419
2,324
2,095
8,052
13,523
5,254
2,640
2,614
8,269
-64,360
18,017
-46,343
Exports of private services
2
3
4
5
6
27
Imports of private services
476
614
606
695
621
396
2,034
2,037
2,051
2,075
2,105
2,138
592
605
616
629
642
656
1,485
1,483
1,491
1,508
1,531
1,557
28
29
30
31
32
Travel (table F.2, line 19)
Passenger fares (table F.2, line 20)
Other transportation (table F.2, line 21)
Freight
Port services
33
34
35
36
37
38
39
Royalties and license fees (table F.2, line 22)
Affiliated
U.S. parents' payments
U.S. affiliates' payments
Unaffiliated
Industrial processes!
Other2
40
41
42
43
44
45
46
47
48
49
50
51
52
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 ....
Other unaffiliated services3
43,138
16,668
8,089
8,579
26,469
1,247
2,995
3,773
14,652
10,879
8,304
5,550
4,600
48,421
18,324
9,407
8,917
30,098
1,347
3,906
5,208
15,036
9,828
8,113
6,571
4,952
11,905
4,473
2,355
2,118
7,432
333
346
1,002
1,261
3,735
2,474
1,999
1,615
1,221
1,093
1,381
3,787
2,406
2,028
1,676
1,251
349
965
348
999
1,452
3,832
2,380
2,080
1,737
1,299
1,477
3,869
2,392
2,121
1,832
1,275
13,028
4,825
2,494
2,331
8,203
364
1,069
1,471
3,900
2,429
2,103
1,905
1,291
Memoranda:
Balance on goods (table F.2, line 65)
Balance on private services (line 1 minus line 27)
Balance on goods and private services (lines 53 and 54)
-191,337
79,873
-111,464
-197,954
82,979
-114,975
-49,096
20,878
-28,218
-49,296
20,776
-28,520
^9,839
20,788
-29,051
-55,698
19,673
-36,025
-64,443
20,038
-44,405
,
p Preliminary.
r
Revised.
1. Patented techniques, processes, and formulas and other intangible property rights that are
used in goods production.
2. Copyrights, trademarks, franchises, rights to broadcast live events, and other intangible property rights.
3. Other unaffiliated services receipts (exports) include mainly expenditures of foreign govern-
377
1,051
1,451
3,928
2,477
2,088
1,973
1,329
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.
NOTE.—The data in table F.4 are from table 3 in "U.S. International Transactions, Third Quarter
1998" in the January issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent
estimates from the balance of payments accounts.
International Data •
SURVEY OF CURRENT BUSINESS
February 1999
G. Investment Tables.
Table G.1.—International Investment Position of the United States at Yearend, 1996 and 1997
[Millions of dollars]
Changes in position in 1997 (decrease (-))
Attributable to:
Position
1996-
Type of investment
Line
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)
Total
Capital
flows
Price
(a)
(b)
Position
1997'
Exchange
Other
rate
changes2
changes *
(c)
(a+b+c+d)
(d)
-767,076
-743,656
-254,939
-254,939
-51,669
-116,094
-127,725
-197,805
-22,159
-9,961
-456,492 -1,223,568
-578,799 -1,322,455
U.S. assets abroad:
With direct investment positions at current cost (lines 5+10+15) .... 3,767,018
With direct investment positions at market value (lines 5+10+16) ... 4,347,148
478,502
478,502
175,135
416,045
-155,352
-224,102
-27,992
-10,474
470,293 4,237,311
659,971 5,007,119
-20,762
-20,762
-6,144
160,739
96,698
10,312
15,435
38,294
U.S. official reserve assets
Gold
Special drawing rights
Reserve position in the International Monetary Fund .
Foreign currencies
Direct investment abroad:
At current cost
At market value
Foreign securities
Bonds
Corporate stocks
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. claims reported by U.S. banks, not included elsewhere
Foreign assets in the United States:
With direct investment at current cost (lines 26+33)..
With direct investment at market value (lines 26+34).
Foreign official assets in the United States
U.S. Government securities
U.S. Treasury securities
Other
Other U.S. Government liabilities7
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets
,
Other foreign assets:
With direct investment at current cost (lines 35+37+38+39+42+43) ..
With direct investment at market value (lines 36+37+38+39+42+43)
Direct investment in the United States:
At current cost
At market value
U.S. Treasury securities
U.S.currency
U.S. securities other than U.S. Treasury securities
Corporate and other bonds
Corporate stocks
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
p Preliminary.
r
Revised.
1. Represents gains or losses on foreign-currency-denominated assets due to their revaluation
at current exchange rates.
2. Includes changes in coverage, statistical discrepancies, and other adjustments to the value
of assets.
3. Reflects changes in the value of the official gold stock due to fluctuations in the market
price of gold.
4. Reflects changes in gold stock from U.S. Treasury sales of gold medallions and commemorative and bullion coins; also reflects replenishment through open market purchases. These demonetizations/monetizations are not included in international transactions capital flows.
3
4
-7
-7
-25,903
-20,769
-285
2,636
-7,485
134,836
75,929
10,027
18,071
30,809
-194
-213
-172
-41
19
81,483
79,573
78,942
631
1,910
^35
-939
-4,570
-174
-202
-168
-34
28
-17
-8
79,114
672
1,891
3,524,602
4,104,732
477,666
477,666
195,897 -149,191
436,807 -217,941
-27,982
-10,464
4,020,992
686,068 4,790,800
936,954
1,517,084
1,280,159
403,373
876,786
121,843
121,843
87,981
46,723
41,258
9,325 -28,998
250,235 -97,748
186,572 -108,411
8,671 -13,718
177,901 -94,693
-15,252
2,266
86,918
276,596
166,142
41,676
124,466
1,023,872
1,793,680
1,446,301
445,049
1,001,252
449,978
857,511
120,403
147,439
-7,724
-4,058
-261
-12,469
112,418
130,912
562,396
988,423
4,534,094
5,090,804
733,441
733,441
226,804
532,139
801,062
16,968
4,615
4,174
441
113,098
52,209
15,817
-2,936
-7,270
4,334
-2,521
21,928
-654
3,733,032
4,289,742
717,624
717,624
209,836
515,171
-27,627
-26,297
666,962
1,223,672
504,792
186,843
1,199,460
588,043
611,417
93,449
93,449
146,710
24,782
196,845
130,879
65,966
-2,680
302,655
10,459
-1,330
202,057
19,532
182,525
-20,378
-20,378
346,727
828,248
107,779
148,059
79,786
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) ,
1,010
350
3,575
-2,915
81,677
U.S. Government assets, other than official reserve assets
U.S. credits and other long-term assets5
Repayable in dollars
Other6
U.S. foreign currency holdings and U.S. short-term assets
Valuation adjustments
612,656
592,891
19,765
23,099
-27,627
-26,297
-5,833
926,785 5,460,879
-513 1,238,770 6,329,574
54
55
55
-1
12,353
380
-6,299
32,839
1,734
-3,041
4,775
-2,522
21,928
11,699
833,901
614,390
589,850
24,540
20,577
135,026
63,908
-5,887
893,946 4,626,978
-567 1,205,931 5,495,673
-4,556
764
84,883
751,845
396,868 1,620,540
157,169
661,961
24,782
211,625
378,524 1,577,984
130,033
718,076
248,491
859,908
-1,331
106,828
141,760
453,555
970,008
5. Also includes paid-in capital subscriptions to international financial institutions and outstanding
amounts of miscellaneous claims that have been settled through international agreements to be
payable to the U.S. Government over periods in excess of 1 year. Excludes World War I debts
that are not being serviced.
6. Includes indebtedness that the borrower may contractually, or at its option, repay with its
currency, with a third country's currency, or by delivery of materials or transfer of services.
7. Primarily U.S. Government liabilities associated with military sales contracts and other transactions arranged with or through foreign official agencies.
NOTE.—The data in this table are from table 1 in "International Investment Position of the United States in 1997" in the July 1998 issue of the SURVEY.
D-57
D-58 • International Data
February 1999
SURVEY OF CURRENT BUSINESS
Table G.2.—U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 1995-97
[Millions of dollars]
Direct investment position on a
historical-cost basis
1995
1997
777,203
All countries, all industries .
860,723
Capital outflows (inflows (-))
1995
92,074
1996
1997
74,833
114,537
Income
1995
1996
1997
87,346
92,105
100,703
By country
91,301
99,859
8,602
7,260
10,734
8,799
9,024
10,692
Europe
Of which:
France
Germany
Netherlands
United Kingdom .
344,596
382,366
420,934
52,275
35,992
60,558
40,853
43,179
47,869
33,358
44,242
42,113
106,332
33,746
44,651
54,437
122,692
34,615
43,931
64,648
138,765
5,196
3,349
9,386
13,830
4,750
1,467
6,914
12,080
2,707
4,215
7,456
10,921
3,389
3,842
8,667
12,016
2,637
4,117
10,240
12,898
Latin America and Other Western Hemisphere
Of which:
Brazil
Mexico
131,377
83,498
Canada .
Africa
147,535
172,481
16,040
16,081
3,166
3,002
14,329
22,435
23,784
16,210
17,810
19,992
25,002
16,873
19,900
35,727
25,395
6,954
2,983
3,812
2,713
6,545
5,933
3,759
1,585
4,104
2,862
4,551
3,969
6,017
6,832
10,253
352
739
3,790
1,797
1,797
1,887
7,198
7,793
538
1,111
1,373
1,411
1,562
122,711
136,481
142,704
14,342
12,190
13,815
18,146
18,562
18,325
24,328
37,309
28,409
35,684
26,125
35,569
5,537
2,336
3,071
-326
1,101
781
2,769
4,091
2,846
3,414
3,288
3,198
3,618
4,896
5,533
-416
2,034
746
167
322
376
68,639
74,499
85,726
675
5,058
11,455
9,036
11,692
12,114
243,954
28,896
61,374
11,555
29,626
27,514
34,076
50,913
272,244
32,998
72,209
14,178
31,597
31,623
33,839
55,801
288,290
38,380
73,487
14,732
33,563
33,833
36,439
57,855
44,472
3,718
16,924
1,570
4,408
7,060
4,903
25,149
2,700
5,657
5,283
2,565
3,883
561
4,500
32,280
6,325
8,026
1,054
4,529
3,930
3,846
4,570
34,325
4,480
8,614
1,380
4,251
4;466
3,709
7,425
34,365
4,826
9,525
1,353
4,555
4,217
3,182
6,707
37,532
5,116
9,415
1,535
5,083
4,861
4,842
6,679
Wholesale trade
68,102
69,638
8,880
5,701
3,403
9,118
8,488
9,041
Depository institutions
29,181
33,673
34,359
1,032
1,488
2,935
3,242
3,083
2,953
218,313
240,972
280,920
22,001
23,035
45,410
24,589
27,817
29,815
Services
29,721
35,793
40,874
4,014
3,343
5,464
4,136
3,588
5,258
Other industries .
41,105
50,384
61,475
11,000
11,061
13,591
2,902
3,072
3,991
Middle East
Asia and Pacific ,
Of whiclr.
Australia ....,
Japan .........
International
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
Finance (except depository institutions), 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, 1997" in the October 1998
issue of the SURVEY.
SURVEY OF CURRENT BUSINESS
February 1999
International Data •
Table G.3.—Selected Financial and Operating Data for Nonbank Foreign Affiliates of U.S. Companies, by Country and by
Industry of Affiliate, 1996
Number of
affiliates
Millions of dollars
Total assets
Sales
Net income
Thousands of
employees
21,901
3,075,516
2,227,014
135,108
7,616.5
2,027
276,622
253,783
10,866
921.8
10,745
1,751,550
1,178,077
68,478
3,194.2
1,257
1,374
761
1,051
520
2,447
141,315
222,802
60,524
161,889
81,964
813,742
134,816
244,658
72,170
122,760
61,964
310,685
4,549
7,766
2,049
13,823
7,336
14,998
451.5
607.9
186.1
160.8
52.4
976.4
3,366
370,529
223,869
24,112
1,529.2
417
847
60,037
67,437
56,026
71,739
4,101
7,021
318.2
733.9
Africa
522
28,979
23,170
2,475
122.0
Middle East
346
34,991
23,667
3,309
79.1
4,791
592,420
517,020
24,869
1,756.9
878
1,005
94,457
248,312
70,036
204,364
3,322
5,684
275.1
405.4
104
20,424
7,427
Petroleum
1,575
295,592
380,364
18,166
236.0
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Industrial machinery and equipment
Electronic and other electric equipment
Transportation equipment
8,162
778
1,990
733
1,012
859
526
2,264
846,555
111,189
204,573
42,238
110,215
77,154
133,225
167,960
1,041,357
121,167
199,326
43,005
167,313
99,884
233,763
176,900
54,026
6,973
16,417
1,594
6,782
5,841
4,970
11,449
4,477.9
557.1
611.1
244.7
527.2
838.5
707.5
991.9
4,976
210,485
393,052
14,229
563.3
2,940
1,333,484
117,435
35,223
196.2
2,676
131,702
115,569
4,950
829.1
1,572
257,698
179,235
8,514
1,314.0
Ail countries, all industries ....
By country
Canada
Europe
Of which:
France
Germany
Italy
Netherlands
Switzerland
United Kingdom
Latin America and Other Western Hemisphere
Of which:
Brazil
Mexico
Asia and Pacific .
Of which:
Australia
japan
International
13.2
By industry
Other manufacturing
Wholesale trade
Finance (except depository institutions), insurance, and real estate
Services
Other industries .
NOTE.—The data in this table are from "U.S. Multinational Companies: Operations in 1996"
in the September 1998 issue of the SURVEY.
D-59
International Data
SURVEY OF CURRENT BUSINESS
February 1999
Table G.4.—Foreign Direct Investment in the United States: Selected Items, by Country of Foreign Parent and by Industry of
Affiliate, 1995-97
[Millions of dollars]
Direct investment position on a
historical-cost basis
All countries, all industries
1995
1996
1997
535,553
594,088
681,651
Capital inflows (outflows (-))
Income
1995
1996
1997
1995
1996
1997
58,772
76,453
90,748
30,931
31,970
42,502
By country
Canada
Europe
Of which:
France
Germany
Netherlands
United Kingdom
Latin America and Other Western Hemisphere
Of whick
Brazil
Mexico
45,618
54,799
64,022
4,824
8,235
9,411
) 3,658
3,295
3,215
332,374
368,322
425,220
39,686
51,672
60,021
21,745
24,759
31,245
36,167
46,017
65,116
116,272
41,132
59,863
74,320
121,288
47,088
69,701
84,862
129,551
2,725
7,908
-1,526
16,255
5,983
18,995
11,487
11,000
8,728
10,712
10,274
8,582
1,729
1,642
5,003
10,630
2,570
2,283
6,592
9,593
3,037
3,003
7,175
11,700
27,873
29,180
35,701
2,886
3,266
5,921
1,206
1,566
2,003
750
1,850
689
1,436
698
1,723
116
-263
-60
38
48
145
91
23
48
28
44
180
-105
Africa
1,113
645
1,608
-117
^60
942
31
-118
Middle East
5,801
5,977
6,882
-360
538
866
140
166
607
122,774
135,166
148,218
11,854
13,202
13,587
4,152
2,303
5,537
10,356
104,997
13,877
114,534
16,229
123,514
2,003
8,118
3,739
10,214
2,557
9,430
435
3,611
362
3,159
61
6,363
34,907
43,770
47,679
3,863
8,842
4,462
3,274
4,369
4,721
214,504
27,032
72,125
14,193
37,098
64,056
242,320
27,897
76,708
17,364
39,114
81,238
267,070
27,473
88,767
20,454
46,027
84,349
28,739
5,652
11,771
403
3,516
7,398
34,500
1,829
6,692
4,968
2,429
18,583
36,228
-133
14,494
2,235
7,400
12,233
15,431
1,736
5,806
1,245
2,209
4,435
16,220
1,983
5,159
1,046
1,207
6,824
19,172
1,838
6,125
1,487
2,836
6,886
66,871
75,115
87,564
6,556
8,247
11,275
3,847
2,448
3,617
12,533
13,733
16,093
1,336
2,506
1,320
538
513
33,883
32,161
37,099
6,879
555
5,840
4,578
2,883
34,803
37,658
42,526
4,009
4,443
5,078
472
1,182
2,108
50,647
54,715
69,092
3,807
7,409
11,090
1,837
2,794
5,050
30,170
33,179
34,118
-639
541
658
-609
-69
511
Services
32,058
32,358
45,604
1,551
3,838
7,164
-132
404
974
Other industries .
25,176
29,080
34,806
2,672
5,572
7,632
1,695
1,225
2,191
Asia and Pacific ,
Of which:
Australia
Japan
By industry
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
Wholesale trade
Retail trade
Depository institutions
Finance, except depository institutions
Insurance
,
,
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.
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, 1997" in the
September 1998 issue of the SURVEY.
International Data •
SURVEY OF CURRENT BUSINESS
February 1999
Table G.5.—Selected Financial and Operating Data of Nonbank U.S. Affiliates of Foreign Companies, by Country of Ultimate
Beneficial Owner and by Industry of Affiliate, 1996
Millions of dollars
Number of
affiliates
Total assets
Sales
Millions of dollars
Net income
Gross
product
Thousands of
employees
U.S.
exports of
goods
shipped by
affiliates
U.S.
imports of
shipped to
affiliates
12,626
2,613,985
1,596,022
21,110
339,485
4,977.5
136,588
252,990
Canada
1,289
263,862
121,650
5,035
30,026
618.6
5,658
14,123
Europe
Of which:
France
Germany
Netherlands
Switzerland
United Kingdom
5,411
1,507,678
881,931
15,885
218,174
3,103.9
63,104
86,533
667
1,328
127,434
168,151
111,395
96,026
277,026
3,120
3,096
2,785
310
5,890
32,584
40,467
29,299
19,461
73,960
411.8
610.2
378.8
306.2
972.6
18,386
13,493
4,468
6,457
12,354
12,888
28,304
397
623
1,203
274,775
249,891
180,292
275,890
413,966
Latin America and Other Western Hemisphere .
Of which:
Brazil
Mexico
1,088
57,482
53,767
147
12,699
155.4
5,725
10,621
78
275
10,652
8,454
4,462
7,982
160
-643
283
1,439
4.5
35.8
1,192
688
1,241
2,248
All countries, all industries
By country
Africa
Middle East.
Asia and Pacific
Of which:
Australia ....
Japan
United States
7,550
13,267
74
11,708
10,605
733
2,555
22.7
522
560
430
26,501
21,024
-258
5,292
61.8
607
5,481
4,249
635,683
487,580
-3,370
65,469
972.9
60,077
134,416
171
3,240
44,617
549,408
23,013
418,320
243
-2,271
5,539
54,560
77.4
776.4
1,268
52,555
1,375
117,433
85
111,071
19,466
2,938
5,270
42.2
1,255
By industry
236
114,735
152,832
5,586
32,733
111.8
9,984
21,080
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
2,950
257
338
407
736
1,212
578,886
58,624
180,996
60,804
95,234
183,228
552,023
49,562
134,451
62,902
124,066
181,042
7,153
3,591
549
1,010
-737
2,738
156,354
11,783
42,095
16,079
31,863
54,534
2,213.6
205.4
409.8
233.3
536.8
828.4
58,821
2,848
15,656
4,066
20,575
15,677
78,531
3,379
14,254
7,390
28,733
24,776
Wholesale trade
2,230
233,829
466,700
2,839
41,973
488.6
62,792
147,958
50,063
94,028
377
24,544
821.0
1,507
3,408
64
6,001
49.3
15
21
5,306
10,658
152.0
0
0
Petroleum
Retail trade
„
352
Finance, except depository institutions .
907
Insurance
161
Real estate
3,507
Services
1,283
Other industries
1,000
D
705,181
575,947
89,625
100,549
13,903
105,297
56,247
149,497
112,434
Suppressed to avoid disclosure of data of individual companies.
NOTE.—The data in this table are from "Foreign Direct Investment in the United States: New
Investment in 1997 and Affiliate Operations in 1996" in the June 1998 issue of the SURVEY.
58,230
-1,718
4,984
27.1
7
1
-3,402
21,840
633.8
738
1,173
4,907
40,398
480.3
2,725
818
D-61
D-62
• International Data
SURVEY OF CURRENT BUSINESS
February 1999
H. International PerspectivesQuarterly data in this table are shown in the middle month of the quarter.
Table H.1.—International Perspectives
1997
1996
1998
1997
Oct.
Nov. Dec.
Jan.
Feb.
Mar.
Apr.
May
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'
1.3638
5.1158
1.5049
15.4276
1.0878
7.6004
1.5607
1.3849
5.8393
1.7348
17.0381
1.2106
7.9177
1.6376
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
1.4271
5.9542
1.7788
17.4386
1.2973
8.1271
1.6597
1.4409
6.0832
1.8165
17.8787
1.2955
8.2272
1.6350
1.4334
6.0744
1.8123
17.8828
1.2585
8.5021
1.6408
1.4166
6.1257
1.8272
17.9907
1.2908
8.5681
1.6619
1.4298
6.0782
1.8132
17.9124
1.3175
8.5017
1.6723
1.4452
5.9528
1.7753
17.5079
1.3490
8.5848
1.6382
1.4655
6.0118
1.7928
17.6632
1.4033
8.9200
1.6504
1.4869
6.0280
1.7976
17.7242
1.4079
8.8990
1.6437
1.5346
5.9912
1.7869
17.6301
1.4468
9.3712
1.6342
1.5218
5.6969
1.6990
16.7892
1.3448
10.2192
1.6823
1.5452
5.4925
1.6381
16.2096
1.2105
10.1594
1.6944
1.5404
5.6422
1.6827
16.6491
1.2029
87.34
96.38
97.07
96.37
98.82
100.52
99.93
100.47
100.30
99.61
100.90
101.38
101.80
97.17
93.69
95.46
1.6611
Unemployment rates (percent, monthly data seasonally adjusted)
9.7
9.2
9.1
9.0
8.6
8.9
8.6
8.5
8.4
8.4
8.4
8.4
8.3
8.3
8.1
,
,
12.3
10.4
12.5
11.8
12.2
11.5
12.1
11.5
12.0
11.5
11.9
11.3
11.8
10.9
11.8
10.8
11.7
10.7
11.6
10.6
8.0
11.5
10.6
3.4
3.7
5.5
3.5
3.2
5.1
3.5
3.5
5.0
3.5
3.4
4.9
3.5
3.5
4.9
120
3.6
3.4
4.8
11.9
11.2
12.4
11.8
11.0
1?1
3.4
5.5
7.3
12.4
11.8
12.2
12.3
11.8
Italy
Japan
,
Mexico
United Kingdom
12.5
11.5
12.3
3.9
3.3
4.8
4.1
3.3
4.8
4.1
3.2
4.8
4.3
3.4
4.8
4.1
3.0
4.7
124
4.3
3.0
4.6
4.3
3.1
4.6
4.3
3.1
4.6
4.4
2.8
4.6
Addendum:
United States
5.4
4.9
4.7
4.6
4.7
4.6
4.6
4.7
4.3
4.4
4.5
4.5
4,5
4.5
4.5
4.4
Canada
France
Germany
Consumer prices (monthly data seasonally adjusted, 1990=100)
Canada
France
Germany (1991=100)
Italy
Japan
Mexico
United Kingdom
113.5
113.8
116.5
132.8
107.1
301.7
121.1
115.3
115.2
118.6
135.2
109.0
364.0
124.9
115.7
115.5
118.9
135.7
109.9
376.2
126.5
115.5
115.7
118.9
136.1
109.7
380.4
126.5
115.4
115.7
119.1
136.1
109.6
385.7
126.9
116.0
115.3
119.1
136.5
109.6
394.1
126.5
116.1
115.7
119.4
136.9
109.7
401.0
127.1
116.2
115.9
119.2
136.9
109.9
405.7
127.5
116.1
116.2
119.5
137.1
109.6
409.5
128.9
116.5
116.3
119.9
137.4
109.6
412.7
129.6
116.7
116.4
120.0
137.5
109.5
417.6
129.6
116.7
115.9
120.3
137.5
109.2
421.7
129.2
116.7
116.1
120.2
137.7
109.1
425.6
129.8
116.4
116.1
119.9
137.8
109.5
432.6
130.3
116.9
116.0
119.7
138.0
110.1
438.8
130.4
116.9
116.0
119.7
138.2
110.5
446.6
130.3
Addendum:
United States
120.0
122.9
123.7
123.8
123.9
123.9
124.0
124.0
124.3
124.7
124.8
125.0
125.2
125.2
125.5
125.7
Real gross domestic product (percent change from preceding quarter, quarterly data seasonally adjusted at annual rates)
Canada
France
Germany
Italy
Japan
3.1
2.8
5.9
3.8
2.3
2.3
1.5
1.4
7.0
3.5
2.8
3.2
1.3
1.1
-3.7
-1.7
United Kingdom
1.6
1.3
.7
5.1
5.2
2.6
2.9
-4.8
6.2
3.1
Addendum:
United States
3.4
3.9
3.0
5.5
Mexico
See footnotes at the end of the table.
1.2
1.4
3.4
.2
2.3
-2.9
7.8
1
2.0
1.9
3.5
2.0
-2.6
8.1
1.5
1.8
3.7
5.6
SURVEY OF CURRENT BUSINESS
February 1999
International Data
D-63
Table H.1.—International Perspectives—Continued
1997
1998
1997
Oct.
Nov. Dec.
Jan.
| Feb. | Mar. | Apr. | May | June | July | Aug. | Sept. | Oct. | Nov.
Short-term, 3-month, interest rates (percent, not seasonally adjusted)
Mexico
United Kingdom .
4.43
3.94
3.31
8.82
.59
32.91
6.02
3.53
3.46
3.33
6.88
.60
21.26
6.83
3.76
3.59
3.58
6.65
.53
19.91
7.25
3.99
3.69
3.74
6.49
.55
22.01
7.54
4.58
3.69
3.74
6.08
.89
19.88
7.62
4.62
3.62
3.57
6.09
.95
19.37
7.48
4.96
3.57
3.51
6.13
1.10
19.63
7.45
4.85
3.57
3.52
5.62
.81
20.76
7.48
4.88
3.63
3.63
5.23
.70
19.47
7.44
5.00
3.61
3.63
5.11
.59
18.85
7.41
5.00
3.57
3.56
5.12
.58
20.99
7.62
5.02
3.56
3.54
4.88
.74
22.04
7.70
5.15
3.56
3.50
4.89
.73
25.54
7.66
5.59
3.54
3.49
4.97
.55
42.54
7.37
5.27
3.56
3.57
4.53
.61
38.10
7.13
Addendum:
United States ,
5.02
5.07
4.95
5.15
5.16
5.09
5.11
5.03
5.00
5.03
4.99
4.96
4.94
4.74
4.08
4.44
Canada...
France ....
Germany
Italy.
5.13
3.59
3.63
3.97
.63
34.36
Long-term interest rates, government bond yields (percent, not seasonally adjusted)
Canada
France
Germany
Italy
japan
Mexico
United Kingdom .
Addendum:
United States .
7.54
6.51
6.20
9.40
3.10
6.47
5.67
5.70
6.86
2.37
5.94
5.80
5.60
6.20
1.99
5.76
5.66
5.60
6.13
1.94
5.85
5.45
5.30
5.74
1.94
5.58
5.26
5.10
5.43
1.95
5.60
5.11
5.00
5.38
2.00
5.64
5.04
4.90
5.20
1.86
5.50
5.12
4.90
5.15
1.87
5.52
5.05
5.00
5.21
1.66
5.45
4.95
4.80
5.08
1.54
5.46
4.91
4.70
4.97
1.68
5.65
4.61
4.40
4.79
1.50
5.39
4.39
4.10
4.53
1.10
5.17
4.51
4.10
4.49
.89
5.39
4.43
4.10
4.38
7.82
7.04
6.50
6.61
6.36
6.08
6.03
5.95
5.79
5.83
5.73
5.75
5.54
5.12
5.00
4.91
6.44
6.35
6.03
5.88
5.81
5.54
5.57
5.65
5.64
5.65
5.50
5.46
5.34
4.81
4.53
4.83
Share price indices (not seasonally adjusted, 1990=100)
Canada
France
Germany
Italy
Japan
Mexico
United Kingdom .
154
118
116
96
74
555
167
189
152
158
131
64
779
189
200
159
171
149
62
815
203
190
151
161
145
57
873
194
196
157
171
154
55
917
200
196
163
177
175
56
801
205
207
175
188
189
58
839
216
221
195
201
214
58
880
226
224
208
214
238
56
894
232
222
216
219
232
56
795
237
215
223
227
225
55
751
236
203
228
237
239
58
745
238
162
211
215
224
54
525
222
164
189
191
191
50
501
207
181
177
175
180
47
592
201
185
197
193
204
51
661
219
Addendum:
United States .
195
249
272
268
275
275
290
306
315
313
311
320
294
276
279
308
1. Index of weighted average exchange value of U.S. dollar against currencies of other G-10 countries. March
1973=100. Weights are 1972-76 global trade of each of the 10 countries. Series revised as of August 1978. For
description and back data, see "Index of the weighted-average exchange value of the U.S. dollar: Revision" on
page 700 of the August 1978 Federal Reserve Bulletin.
NOTE.—All exchange rates are from the Board of Governors of the Federal Reserve System. U.S. interest rates,
unemployment rates, and GDP growth rates are from the Federal Reserve, the Bureau of Labor Statistics, and
BEA, respectively. All other data (including U.S. consumer prices and U.S. share prices, both of which have been
rebased to 1990 to facilitate comparison) are © OECD, January 1999, OECD Main Economic Indicators and are
reproduced with permission of the OECD.
D-64
• International Data
February 1999
SURVEY OF CURRENT BUSINESS
I. Charts.
THE U.S. IN THE INTERNATIONAL ECONOMY
BiHion $
40
BALANCE ON CURRENT ACCOUNT
COMPONENTS OF CURRENT ACCOUNT BALANCE
Services
20Investment income
Unilateral transfers
''
V ~ V
V
V
~^\r-^-
-20-
-40-
-60-
-80
i ' jvrt *' *i a * *•*** ' W^v ^••r*
83 84'85 86;87
MI' :'&W §1, $£ W \S* 96 96' 97 98 '
Billion $
120
U.S. DIRECT INVESTMENT ABROAD AND
FOREIGN DIRECT INVESTMENT IN THE U.S.
-«**9S(;94 95 96 97 98
FINANCIAL INVESTMENT
40
30
I
10
-10
*20
82 83 84 85;'06 8Tml 8 9 W $1 92 P
82, 83 84 Us 86 87 & 89 90 Bf 92 93 9 f « 96 97 98
94'95 96 97
Billion$
300
Billion $
7000
NET INTERNATIONAL INVESTMENT POSITION
VALUED AT CURRENT COST
250-
Foreign assets in the United States
200-
U..S. assets abroad
1S0-
100-1000^
Net investment position
-2000
82 63 84 05 66 07 B8^ 89 00 91 92 03 94 95 96 97 98
U.S. Department of Commerce, Bureau of Economic Analysis
82 83 84 85 88 67 86 69 90 91 92 93 94 95 96 97 98
Regional Data •
SURVEY OF CURRENT BUSINESS
February 1999
D-65
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 l
Millions of dollars, seasonally adjusted at annual rates
Area name
1997
1996
I
II
111
IV
I
ii
1998
IV
III
I
II
III
1997:1111997:1V
1997:1 V 1998:1
1998:11998:11
1998:111998:111
1.3
1.4
1.1
1.1
429 059
123,303
28,654
202,095
34,238
26,475
14,294
1.8
2.0
1.7
1.5
2.0
2.1
2.5
.6
.9
-.2
.7
0
.3
.5
1.4
.7
2.2
1.8
1.4
.9
1.3
1.1
1.0
1.3
1.1
.6
.8
1.2
Mideast....
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
1,221,822 1,240,073 1,252,618 1,268,123 1,286,623 1,294,001 1,307,359 1,325,111 1,339,594 1,356,951 1,371,887
19,894
19,188
19,557
20,338
20,461
20,984
21,854
20,535
21,253
21,592
22,123
18,114
18,041
18,304
18,516
18,518
19,442
18,556
18,785
18,810
19,106
19,288
135,367
137,271
139,168
140,885
143,530
145,008
146,626
149,076
150,167
152,551
154,358
242,577
256,574
248,770
264,072
246,138
251,583
257,195
260,425
269,621
272,697
269,248
543,202
517,969
525,046
528,586
535,929
545,785
551,121
558,018
580,113
562,883
573,893
288,607
300,872
297,896
304,338
306,921
294,019
309,418
313,883
319,746
323,155
316,598
1.4
1.3
.1
1.7
1.4
1.3
1.4
1.1
1.6
1.6
.7
2.0
.9
.9
1.3
1.2
1.0
1.6
.1
2.0
1.0
1.1
1.2
.8
1.2
1.1
1.1
1.1
Great Lakes
Illinois ...
Indiana .
Michigan
Ohio
Wisconsin
1,033,924 1,050,139 1,063,992 1,072,260 1,089,826 1,102,775 1,112,544 1,128,280 1,143,889 1,151,924 1,161,979
308,925
317,533
325,755
313,159
320,850
330,778
333,773
338,659
342,267
345,941
349,873
126,961
131,890
133,922
135,332
141,744
129,059
130,819
136,081
138,446
140,458
141,670
229,192
233,247
240,721
235,191
236,881
245,346
256,462
242,939
248,308
254,542
254,743
252,533
256,422
266,513
269,357
275,434
260,150
261,335
271,661
280,134
283,012
278,763
116,312
121,304
118,252
120,299
122,915
124,369
125,683
127,433
130,887
127,860
129,436
1.4
1.5
1.7
1.2
1.4
1.4
1.4
1.1
1.5
2.5
1.2
.3
.7
1.1
.9
.1
.5
1.2
.9
1.1
.1
.7
1.0
1.1
469,782
68,277
65,993
130,956
134,052
40,959
13,374
16,170
1.0
1.2
1.3
1.2
1.0
.5
.7
-.1
1.3
.5
1.1
2.3
1.2
.7
.7
.8
1.0
.9
1.4
.9
.9
1.6
.4
1.0
.9
.4
1.2
1.1
.9
1.0
.6
.4
1,367,913 1,394,180 1,415,301 1,429,538 1,458,543 1,473,455 1,489,403 1,507,310 1,526,389 1,547,470 1,564,898
83,276
84,773
85,991
86,601
88,320
90,682
88,980
89,630
91,487
93,474
92,488
47,867
45,853
48,605
47,100
47,670
49,280
49,646
50,281
51,124
50,789
51,436
335,661
341,387
350,981
357,042
365,944
346,580
361,288
369,115
374,763
380,461
385,969
167,154
170,174
171,867
176,047
162,790
177,802
179,814
181,816
185,786
188,443
190,061
73,702
75,097
77,071
79,137
76,466
80,111
80,926
81,836
84,241
82,716
83,402
83,507
87,634
84,830
85,778
86,350
88,603
89,315
90,825
91,901
93,191
94,153
48,574
46,178
47,045
47,678
47,790
49,183
49,548
50,240
50,893
51,383
51,913
156,392
160,437
165,042
162,905
169,423
171,247
175,072
172,550
176,902
179,048
180,896
71,575
72,985
74,191
74,876
76,399
78,017
77,101
79,083
79,379
80,889
81,956
115,098
116,739
117,933
120,220
113,205
121,295
122,656
124,373
129,147
125,086
128,006
163,260
165,494
167,897
173,447
169,745
174,637
177,257
179,640
182,089
184,260
186,539
33,414
32,515
32,781
33,233
33,696
33,926
34,099
34,346
35,112
34,598
34,776
1.2
1.2
1.3
.9
1.1
1.1
1.7
1.4
1.5
1.4
1.4
1.3
.7
1.3
.9
1.0
1.5
2.2
1.1
1.2
1.3
1.0
.4
.6
1.4
.7
1.4
1.1
.7
1.5
1.4
.8
1.4
1.0
1.2
1.9
2.3
1.2
.5
1.1
1.1
.6
1.4
.9
1.0
1.0
1.0
1.0
1.3
.9
1.2
1.0
United Slates
New England
Connecticut
Maine ...
Massachusetts
New Hampshire
Rhode Island
Vermont
Plains
Iowa
Kansas .
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida ..
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia .
West Virginia
6,269,149 6,373,076 6,459,289 6,534,446 6,652,349 6,729,607 6,807,743 6,893,137 6,992,631 7,070,631 7,149,524
375,401
108,076
25,357
175,454
30,109
23,602
12,801
416,904
61,593
57,616
114,644
118,805
36,779
12,728
14,740
381,684
109,850
25,742
178,711
30,502
23,935
12,945
424,059
62,644
58,354
116,850
120,589
37,550
12,985
15,087
386,940
111,408
26,130
181,154
30,954
24,168
13,126
430,228
63,596
59,244
118,705
122,100
37,990
13,286
15,308
392,636
112,865
26,516
184,185
31,373
24,530
13,167
434,037
63,687
59,959
119,487
123,703
38,644
13,204
15,354
400,057
115,568
26,860
187,604
31,770
24,886
13,368
439,487
65,011
60,909
120,635
126,407
38,546
12,720
15,260
404,197
116,716
27,117
189,401
32,264
25,235
13,465
445,613
65,973
62,031
122,568
127,403
39,103
12,901
15,634
408,687
117,801
27,250
191,843
32,863
25,404
13,527
450,253
66,344
62,753
124,079
128,724
39,473
13,050
15,828
416018
120,173
27,718
194,783
33,536
25,939
13,869
454,888
67,110
63,555
125,545
130,068
39,656
13,146
15,808
418,664
121,269
27,671
196,225
33,533
26,029
13,936
460,906
67,432
64,265
128,416
131,682
39,927
13,242
15,942
424,570
122,060
28,278
199,829
34,019
26,262
14,122
465,666
68,006
65,196
129,582
132,912
40,572
13,289
16,109
Southwest
Arizona .
New Mexico
Oklahoma
Texas ...
600,186
91,126
31,338
62,584
415,138
610,071
92,654
31,706
63,506
422,205
619,471
94,329
32,014
64,167
428,961
628,078
95,380
32,251
64,978
435,469
644,274
97,701
32,771
66,605
447,197
655,280
99,266
33,242
67,061
455,712
666,804
100,940
33,449
67,492
464,924
674,515
102,821
33,724
67,052
470,919
690,325
104,442
34,004
68,201
483,678
697,217
106,471
34,395
68,479
487,873
705,714
108,167
34,732
69,242
493,573
1.2
1.9
.8
-.7
1.3
2.3
1.6
.8
1.7
2.7
1.0
1.9
1.1
.4
.9
1.2
1.6
1.0
1.1
1.2
Rocky Mountain
Colorado
Idaho ....
Montana
Utah
Wyoming
182,156
95,225
22,926
16,252
37,632
10,121
185,753
97,008
23,428
16,473
38,577
10,268
188,626
98,654
23,612
16,665
39,266
10,429
191,109
100,169
23,753
16,837
39,825
10,525
195,137
102,352
24,225
17,042
40,785
10,734
198,256
104,256
24,563
17,226
41,423
10,787
201,525
106,213
24,905
17,392
42,109
10,905
203,850
107,813
25,029
17,603
42,440
10,965
209,092
111,758
25,439
17,800
43,006
11,089
211,079
112,402
25,635
18,104
43,777
11,161
213,918
114,285
25,982
17,985
44,350
11,315
1.2
1.5
.5
1.2
.8
.6
2.6
3.7
1.6
1.1
1.3
1.1
1.0
.6
.8
1.7
1.8
.6
1.3
1.7
1.4
-.7
1.3
1.4
1,070,844 1,087,117 1,102,112 1,118,664 1,138,403 1,156,030 1,171,168 1,183,167 1,203,772 1,215,753 1,232,287
14,627
14,837
14,986
14,631
14,751
15,229
15,230
15,352
15,698
15,828
15,763
802,404
814,814
781,805
793,055
828,319
861,047
841,373
853,328
884,237
877,393
896,215
29,824
30,162
29,642
30,704
29,570
29,756
30,390
30,659
30,900
30,985
31,205
42,754
39,971
41,977
43,660
44,297
40,990
44,670
45,470
46,984
47,888
46,188
76,524
70,917
75,017
72,387
73,855
77,276
78,275
79,090
80,267
81,775
81,023
144,753
133,954
136,412
141,418
139,368
147,465
148,960
151,549
156,827
153,261
159,375
1.0
.8
.9
-.1
1.8
1.0
1.7
1.7
2.7
1.9
.8
1.6
1.5
1.1
1.0
-.4
.8
.3
1.7
.9
2.3
1.4
.8
1.4
.7
1.9
.9
1.6
Far West.,
Alaska .
California
Hawaii .
Nevada ,
Oregon ,
Washington
1. Percent changes are expressed at quarterly rates.
NOTE.-The personal income level shown for the United States is derived as the sum of the State estimates,
It differs from the estimate of personal income in the national income and product accounts (NIPA's) because of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability
of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal
civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S.
l _ . . , . „_
. ,
. _, x
. _ .
_ . . _ _, tMlm
. iU. .
. 1U „
Source: Table 1 in "Personal Income by State and Region, Third Quarter 1998" in th.s issue of the SURVEY
nrn s
OF CURRENT BUSINESS.
D-66
• Regional Data
February 1999
SURVEY OF CURRENT BUSINESS
Table J.2.—Annual Personal 1ncome and Disposable Personal Income for States and Regions
Personal income
Area name
1995
1996
Disposable personal income
Percent change !
Millions of dollars
1997
1995-96
Percent change l
Millions of dollars
1996-97
1995
1996
1997
6,060,138
6,408,990
6,770,709
5.8
5.6
5,266,018
5,519,456
5,782,771
364,235
104,777
24,646
170,141
29,051
23,242
12,378
384,165
110,550
25,936
179,876
30,734
24,059
13,010
407,240
117,564
27,236
190,908
32,608
25,366
13,557
5.5
5.5
5.2
5.7
5.8
3.5
5.1
6.0
6.3
5.0
6.1
6.1
5.4
4.2
310,142
87,710
21,767
143,513
25,780
20,444
10,928
322,864
91,150
22,775
149,655
26,933
21,014
11,338
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
1,183,517
18,369
17,783
131,290
235,337
500,433
280,305
1,245,659
19,744
18,244
138,173
247,267
526,883
295,349
1,303,273
20,808
18,667
146,060
259,567
549,531
308,640
5.3
7.5
2.6
5.2
5.1
5.3
5.4
4.6
5.4
2.3
5.7
5.0
4.3
4.5
1,014,319
15,762
15,274
112,283
201,584
425,229
244,187
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
1,009,168
298,369
124,104
226,261
247,517
112,917
1,055,079
315,117
129,682
233,628
257,610
119,042
1,108,356
332,241
135,945
244,329
270,741
125,100
4.5
5.6
4.5
3.3
4.1
5.4
5.0
5.4
4.8
4.6
5.1
5.1
398,029
58,123
55,368
109,451
115,067
34,489
11,728
13,803
426,307
62,880
58,793
117,421
121,299
37,741
13,051
15,122
447,560
66,110
62,312
123,207
128,151
39,195
12,954
15,632
7.1
8.2
6.2
7.3
5.4
9.4
1,322,289
81,346
44,494
321,415
155,990
71,761
81,498
44,623
150,880
69,508
110,562
158,426
31,785
1,401,733
85,160
47,122
343,652
167,996
75,584
85,117
47,173
161,194
73,407
115,744
166,599
32,986
Southwest
Arizona
New Mexico
Oklahoma
Texas
576,249
86,455
30,358
60,718
398,718
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
United States
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Plains .
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
1996-97
4.8
4.8
338,807
95,844
23,664
157,289
28,316
21,968
11,725
4.1
3.9
4.6
4.3
4.5
2.8
3.7
4.9
5.2
3.9
5.1
5.1
4.5
3.4
1,058,161
16,818
15,403
117,199
210,077
442,766
255,898
1,096,276
17,561
15,599
122,404
218,716
457,170
264,826
4.3
6.7
.8
4.4
4.2
4.1
4.8
3.6
4.4
1.3
4.4
4.1
3.3
3.5
870,278
256,666
107,496
195,048
214,290
96,779
902,634
268,591
111,768
199,665
221,498
101,113
940,038
280,555
116,286
206,863
231,071
105,263
3.7
4.6
4.0
2.4
3.4
4.5
4.1
4.5
4.0
3.6
4.3
4.1
345,678
50,916
48,213
92,684
100,814
30,136
10,454
12,462
367,590
54,944
50,806
97,903
105,563
32,991
11,687
13,695
382,544
57,369
53,437
101,664
110,663
33,887
11,458
14,065
6.3
7.9
5.4
5.6
4.7
9.5
4.1
4.4
5.2
3.8
4.8
2.7
11.8
-2.0
9.6
5.0
5.1
6.0
4.9
5.6
3.9
-.7
3.4
9.9
2.7
1,482,178
89,403
49,453
363,347
178,870
80,503
89,094
49,386
172,073
77,650
122,136
176,245
34,017
6.0
4.7
5.9
6.9
7.7
5.3
4.4
5.7
6.8
5.6
4.7
5.2
3.8
5.7
5.0
4.9
5.7
6.5
6.5
4.7
4.7
6.7
5.8
5.5
5.8
3.1
1,163,967
72,328
39,567
282,893
135,874
62,812
73,270
40,617
131,204
61,397
99,137
136,427
28,441
1,225,611
75,505
41,797
298,779
145,240
65,909
76,078
42,850
139,857
64,517
103,038
142,556
29,486
1,286,299
78,864
43,698
313,157
153,501
69,816
78,930
44,646
148,185
67,823
107,991
149,438
30,250
5.3
4.4
5.6
5.6
6.9
4.9
3.8
5.5
6.6
5.1
3.9
4.5
3.7
5.0
4.4
4.5
4.8
5.7
5.9
3.7
4.2
6.0
5.1
4.8
4.8
2.6
614,451
93,372
31,827
63,809
425,443
660,218
100,182
33,297
67,052
459,688
6.6
8.0
4.8
5.1
6.7
7.4
7.3
4.6
5.1
8.0
513,740
75,760
27,095
53,722
357,162
543,549
81,022
28,250
56,117
378,160
580,867
86,140
29,335
58,582
406,809
5.8
6.9
4.3
4.5
5.9
6.9
6.3
3.8
4.4
7.6
174,662
90,884
22,071
15,906
35,897
9,903
186,911
97,764
23,430
16,557
38,825
10,336
199,692
105,158
24,681
17,316
41,689
10,848
7.0
7.6
6.2
4.1
8.2
4.4
6.8
7.6
5.3
4.6
7.4
5.0
151,139
78,112
19,280
14,052
30,947
8,748
160,589
83,279
20,432
14,557
33,403
8,917
170,127
88,701
21,377
15,103
35,665
9,281
6.3
6.6
6.0
3.6
7.9
1.9
5.9
6.5
4.6
3.8
6.8
4.1
1,031,987
14,419
754,269
29,333
37,512
67,822
128,633
1,094,684
14,711
798,020
29,698
41,423
73,044
137,788
1,162,192
15,199
846,017
30,479
44,524
77,791
148,182
6.1
2.0
5.8
1.2
6.2
3.3
6.0
2.6
7.5
6.5
7.5
896,754
12,346
654,979
25,652
32,371
57,945
113,460
938,457
12,566
682,407
25,826
35,352
62,094
120,213
987,813
12,903
717,166
26,363
37,669
65,389
128,322
4.7
1.8
4.2
.7
9.2
7.2
6.0
5.3
2.7
5.1
2.1
6.6
5.3
6.7
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
1995-96
11.3
10.4
7.7
7.1
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 1 and 3 in "State Personal Income, Revised Estimates for 1982-97" in the
October 1998 issue of the SURVEY.
SURVEY OF CURRENT BUSINESS
February 2999
Regional Data •
Table J.3.-Per Capita Personal Income and Per Capita Disposable Personal Income for States and Regions
Per capita personal income 1
Area name
1995
Per capita disposable personal income'
Rank in U.S.
Dollars
1997
1996
23,063
24,169
25,298
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
27,426
32,073
19,970
28,073
25,341
23,480
21,237
28,828
33,835
20,941
29,559
26,490
24,344
22,184
30,440
35,954
21,928
31,207
27,806
25,689
23,018
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
26,630
25,666
32197
26,115
29,581
27,578
23,270
27,993
27,291
33,830
27,305
30,901
29,055
24,530
29,245
28,443
35,290
28,671
32,233
30,299
25,678
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
23,208
25,297
21,442
23,434
22,233
22,084
24,136
26,603
22,251
24,009
23,078
23,132
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
21,686
20,462
21,547
23,759
21,610
21,078
18,287
18,782
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
1997
Rank in U.S.
Dollars
1995
1996
1997
1997
20,041
20,814
21,607
23353
26,849
17,638
23,680
22,487
20,653
—^750-
24,228
27,898
18,388
24,593
23,214
21,263
19,333
25,325
29,311
19,053
25,711
24,146
22,248
19,908
5
2
4
17
22,823
22,024
27 655
22,334
25,338
23,434
20,271
23,779
23,246
28 563
23,161
26,254
24,416
21,254
24,600
24,005
29 490
24,028
27,160
25,206
22,033
6
2
4
16
25,253
27,929
23,183
24,998
24,203
24,199
7
29
18
21
22
20,014
21,761
18,573
20,201
19,249
18,927
20,649
22,675
19,178
20,519
19,842
19,648
21,418
23,584
19,830
21,165
20,657
20,362
8
33
20
22
27
23,083
22,078
22,796
25,260
22,615
22,891
20,308
20,503
24,100
23,177
24,014
26.295
23,723
23,656
20,213
21,183
30
23
12
26
27
45
37
18,834
17,925
18,763
20,119
18,933
18,417
16,300
16,956
19,904
19,292
19,699
21,061
19,681
20,011
18,187
18,567
20,599
20,113
20,594
21,697
20,485
20,452
17,878
19,060
23
17
25
26
41
35
20,817
19,086
17,935
22,665
21,689
18,609
18,828
16,585
20,994
18,871
21,118
24,000
17,446
21,800
19,864
18,802
23,833
22,906
19,470
19,608
17,402
22,054
19,751
21,808
24,992
18,120
22,776
20,699
19,602
24,795
23,893
20,599
20,473
18,087
23,174
20,651
22,752
26,172
18,734
47
20
25
40
41
50
31
39
33
14
49
18,324
16,971
15,949
19,949
18,892
16,288
16,927
15,096
18,256
16,669
18,936
20,667
15,610
19,061
17,612
16,677
20,721
19,803
16,978
17,526
15,807
19,135
17,359
19,414
21,385
16,198
19,766
18,259
17,321
21,370
20,504
17,864
18,138
16,351
19,957
18,037
20,117
22,192
16,660
38
45
18
24
42
39
50
31
40
29
15
49
Southwest
Arizona
New Mexico
Oklahoma
Texas
20,578
20,068
18,003
18,560
21,279
21,535
21,057
18,599
19,363
22,285
22,734
21,994
19,249
20,214
23,647
35
48
44
28
18,346
17,585
16,068
16,422
19,061
19,050
18,271
16,508
17,029
19,808
20,002
18,911
16,959
17,661
20,927
48
44
21
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
21,227
24,290
18,947
18,310
18,182
20,695
22,310
25,618
19,729
18,886
19,244
21,532
23,436
27,015
20,393
19,704
20,246
22,611
42
46
43
34
18,369
20,877
16,551
16,175
15,675
18,281
19,168
21,823
17,205
16,605
16,556
18,577
19,967
22,787
17,663
17,186
17,320
19,347
10
43
47
46
34
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
23,753
23,965
23,901
24,883
24,525
21,579
23,664
24,901
24,318
25,050
25,105
25,876
22,852
24,964
26,061
24,945
26,218
25,686
26,553
23,984
26,412
20,640
20,520
20,755
21,761
21,164
18,436
20,872
21,347
20,771
21,421
21,832
22,084
19,427
21,780
22151
19
13
16
10
24
11
United States
1. Per capita personal income and per capita disposable personal income were computed using
midyear population estimates from the Bureau of the Census.
NOTE—The personal income level shown for the United States is derived as the sum of the
State estimates. It differs from the national income and product accounts (NIPA) estimate of personal income because, by definition, it omits the earnings of Federal civilian and military personnel
1
36
3
8
15
32
6
~
38
9
21,177
22,225
22,217
22,465
20,160
22,872
1
36
3
5
12
32
7
30
37
19
13
14
11
28
9
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 1982-97" in the
October 1998 issue of the SURVEY.
D-67
D-68
• Regional Data
SURVEY OF CURRENT BUSINESS
February 1999
Table J.4.—Gross State Product for States and Regions by Industry, 1996
[Millions of dollars]
State and region
Rank of
total gross
state
product
Total
sta
product
DSS
Agriculture,
forestry,
and fishing
Mining
Construction
Manufacturing
Transportation and Wholesale
public
trade
utilities
Retail
trade
Finance,
insurance,
and real
Services
Government
United States .
7,631,022
129,842
113,631
306,052
1,332,093
648,280
516,777
667,903
1,445,535
1,539,525
931,384
New England
Connecticut
,
Maine
Massachusetts
New Hampshire ...,
Rhode Island
Vermont
435,880
124,046
28,894
208,591
34,108
25,629
14,611
3,409
893
513
1,212
252
208
332
292
52
15
130
31
19
46
14,686
4,055
1,297
6,606
1,198
895
635
72,794
20,712
5,333
32,265
7,557
4,282
2,645
2,151
13,128
2,590
1,835
1,234
29,226
8,229
1,723
14,845
2,113
1,426
890
35,538
9,211
3,197
16,373
3,098
2,242
1,416
107,237
35,041
5,340
50,880
7,566
5,802
2,607
101,792
27,029
5,410
53,879
6,617
5,814
3,043
42,271
11,126
3,915
19,273
3,088
3,106
1,762
1,440,922
28,331
51,197
143,190
276,377
613,287
328,540
9,244
290
14
1,338
1,524
2,780
3,298
2,464
6
12
100
128
471
1,748
48,440
970
442
7,216
9,675
17,629
12,509
197,808
5,993
1,285
12,317
37,985
72,154
68,074
121,614
1,509
2,769
11,307
27,540
49,518
28,971
92,909
1,124
580
9,046
25,132
37,741
19,286
106,168
1,698
1,369
12,514
20,221
42,056
28,310
358,390
10,026
8,863
30,573
64,187
182,389
62,352
324,047
4,042
16,684
33,229
60,211
140,228
69,654
179,839
2,673
19,180
25,552
29,773
68,323
34,338
1,233,424
370,778
155,797
263,336
304,353
139,160
16,660
5,052
2,735
2,526
3,331
3,016
4,670
1,282
715
1,173
1,134
365
50,574
15,476
7,228
10,131
11,753
5,986
313,739
71,444
49,338
71,683
82,669
38,605
97,437
34,029
12,578
17,509
23,506
9,816
87,053
28,507
9,382
18,874
21,535
8,756
107,524
29,877
14,212
23,420
27,984
12,030
201,866
71,023
20,426
41,538
46,511
22,367
226,610
76,832
23,893
48,791
53,989
23,105
127,292
37,257
15,289
27,691
31,941
15,114
514,201
76,315
68,014
141,573
145,123
47,187
15,701
20,289
23,553
5,771
2,986
4,174
2,621
4,330
1,668
2,003
3,406
177
983
877
522
114
482
251
22,473
3,138
2,838
6,195
6,697
2,097
764
745
99,777
18,292
12,451
27,115
31,122
6,662
1,184
2,951
47,400
6,123
7,340
10,876
14,920
4,853
1,695
1,591
39,066
5,213
5,311
11,776
10,659
3,495
1,377
1,236
45,461
6,296
6,540
12,275
13,223
3,906
1,427
1,795
79,404
10,915
8,608
25,352
21,345
7,007
1,989
4,188
92,293
11,655
11,360
27,558
27,768
8,055
2,741
3,156
61,367
8,735
9,597
15,374
16,246
1,674,519
99,190
56,417
360,496
216,033
95,410
121,143
56,406
204,229
89,476
140,750
197,809
37,160
30,754
2,016
2,886
6,520
3,801
2,438
1,488
1,798
4,757
1,208
1,651
1,952
240
29,524
1,474
570
787
906
2,448
17,973
507
259
223
399
997
2,980
71,440
4,144
2,240
17,031
8,356
3,752
5,086
2,192
8,563
4,195
5,527
8,635
1,720
315,211
22,131
13,898
29,286
39,079
26,833
22,989
13,208
55,075
23,768
32,244
6,716
152,763
9,301
6,163
32,296
24,166
7,933
10,690
6,003
16,135
7,107
11,076
17,021
4,873
111,941
6,259
3,469
26,417
18,940
5,565
6,451
3,150
13,094
5,172
10,396
11,068
1,960
161,015
9,781
5,729
40,362
19,333
8,472
9,502
5,630
18,242
9,180
15,368
16,168
3,248
265,718
12,694
6,453
78,695
35,515
10,733
14,709
6,474
29,719
11,861
19,450
35,268
4,147
308,111
15,996
8,344
84,406
38,919
14,293
19,054
9,032
31,418
13,505
27,633
39,364
6,147
228,041
15,395
6,664
44,696
27,019
12,944
13,201
8,410
26,968
13,258
17,005
37,351
5,129
Southwest
Arizona
New Mexico
Oklahoma
778,815
111,520
42,698
72,767
551,830
11,565
1,899
808
1,531
7,327
49,688
1,480
3,050
3,879
41,278
34,892
6,442
1,979
2,332
24,138
125,482
16,143
7,027
12,587
89,725
77,631
8,644
3,262
7,289
58,436
53,480
6,997
1,823
4,421
40,239
70,763
11,743
3,800
7,267
47,953
115,141
21,120
5,937
9,064
79,020
141,929
22,546
7,468
12,634
99,282
98,243
14,505
7,545
11,762
64,431
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
229,833
116,227
27,898
18,509
50,352
16,847
5,684
2,053
1,744
943
583
361
9,956
1,936
174
903
1,620
5,323
12,246
6,219
1,653
893
2,858
622
29,427
14,226
5,754
1,430
7,051
967
24,530
12,957
2,442
2,331
4,400
2,400
13,873
7,355
1,689
1,192
3,094
543
22,154
11,274
2,774
5,167
1,101
35,767
19,815
3,431
2,473
8,304
1,744
44,767
25,161
4,548
3,557
9,892
1,610
31,430
15,231
3,691
2,948
7,383
2,177
1,323,429
24,161
962,696
36,317
53,687
86,967
159,602
28,973
355
20,564
445
406
2,590
4,612
13,631
5,424
5,776
28
1,969
104
332
51,301
983
31,656
1,753
4,495
4,731
7,683
177,855
1,161
134,179
1,123
2,589
17,868
20,934
3,770
67,135
3,732
4,146
6,711
12,775
89,229
710
65,857
1,446
2,478
6,937
11,802
119,281
1,576
85,443
4,192
5,053
7,586
15,432
282,013
2,584
218,439
7,768
9,877
14,140
29,205
299,977
2,871
222,748
8,077
17,336
15,939
33,006
162,901
4,728
110,900
7,752
5,339
10,361
23,823
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
,
,
,
,
Texas
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
42
NOTE.—Totals shown for the United States differ from the national income and product account estimates of gross
domestic product (GDP) because GSP is derived from gross domestic income, which differs from GDP by the statistical discrepancy. In addition, GSP excludes and GDP includes the compensation of Federal civilian and military
personnel stationed abroad and government consumption of fixed capital for military structures located abroad and
U
2,374
2,373
for military equipment, except office equipment. Also, GSP and GDP have different revision schedules.
Source: Tables 6 and 7 in "Gross State Product by Industry, 1977-96" in the June 1998 issue of the SURVEY.
February 1999
Regional Data •
SURVEY OF CURRENT BUSINESS
D-69
K. Local Area Table.
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1994-96
Per capita personal income 3
Personal income
Area name
1994
United States'
Metropolitan portion
Nonmetropolitan portion
Percent
change 2
Millions of dollars
1995
1996
5,774,875 6,137,878 6,480,031
4,883,837 5,201,691 5,490,338
936,187
"
1995-96
5.6
5.5
5.7
Rank in
U.S.
Dollars
1994
1995 1996
22,186
23,494
23,359 24,436
24,794 25,926
17,675 18,530
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
222,978
42,644
68,194
106,085
56,092
132,287
98,543
238,058
45,357
72,543
114,316
60,771
141,283
105,839
250,787
47,786
75,712
122,834
65,084
147,044
112,597
5.3
5.4
4.4
7.5
7.1
4.1
6.4
26,242
22,511
23,485
24,294
25,657
24,802
24,046
27,866
23,787
24,957
25,663
27,262
26,264
25,424
341 769
75,283
39,656
360,329 378,298
80,181 84,660
42,156 44,087
5.0
5.6
4.6
22,417
22,150
24,268
23,533 24,522
23,294 24,341
25,768 26,923
590,202
626,539
5.2
29,970 31,732 33,303
152,556
44,697
35,322
161,128 169,717
48,636 52,531
37,783 39,619
5.3
8.0
4.9
25,587 26,989 28,413
22,508 24,000 25,343
22,283 23,518 24,288
188,817
81,292
203,046 217,884
87,159 93,546
7.3
7.3
28,990 30,989 32,933
25,287 26,716 28,269
195,280
205,681 215,836
4.9
27,766 29,018 30,204
29,195
24,901
26,025
26,906
28,650
27,113
26,556
Metropolitan Statistical Areas 4
2,161
14,721
2,066
20,327
13,132
2,303
13,828
2,391
3,930
6,907
2,333
15,812
2,187
21,010
14,255
2,413
14,551
2,488
4,211
7,057
2,452
16,562
2,305
21,708
14,943
2,477
15,228
2,616
4,377
7,209
5.1
4.7
5.4
3.3
4.8
2.7
4.7
5.1
4.0
2.2
17,824
21,873
17,768
23,069
20,331
18,294
22,649
18,079
19,776
27,471
19,057
23,386
18,790
23,850
21,598
19,048
23,804
18,849
20,610
28,129
22,353
19,656
24,866
19,919
21,215
28,908
Ann Arbor, Ml*
Anniston, AL
Appleton-Oshkosh-Neenah, Wl
Asheville, NC
Athens, GA
Atlanta, GA
Atlantic-Cape May, NJ*
Augusta-Aiken, GA-SC
Austin-San Marcos, TX
Bakersfield, CA ,
13,561
1,921
7,201
4,119
2,424
81,442
8,582
8,442
20,642
10,255
14,687
2,034
7,730
4,430
2,623
89,020
9,060
8,868
22,704
10,671
15,464
2,107
8,158
4,706
2,802
26,441
16,553
21,704
20,205
18,187
24,451
26,067
18,848
21,350
16,790
28,165
17,439
23,026
21,407
19.487
25,938
27,360
19,604
22,615
17,335
29,137
18,082
24,030
22,454
20,463
27,241
28,266
20,161
23,669
17,810
Baltimore, MD* .,
Bangor, ME (NECMA)
Barnstable-Yarmouth, MA
(NECMA)
Baton Rouge, LA
Beaumont-Port Arthur, TX
Bellingham, WA
Benton Harbor, Ml
Bergen-Passaic, NJ*
Billings, MT
Biloxi-Gulfport-Pascagoula, MS
59,932
2,615
62,952
2,706
96,193
9,413
9,134
24,632
11,073
65,994
2,805
5.3
3.6
5.5
6.2
6.8
8.1
3.9
3.0
8.5
3.8
228
90
247
82
146
249
77
239
187
28
25
290
98
142
218
37
31
230
109
295
4.8
3.7
24,429
17,909
25,558 26,731
18,728 19,495
261
5,115
11,251
6,996
2,760
3,234
42,747
2,510
5,814
5,515
11,880
7,354
2,956
3,422
44,777
2,674
6,061
5,870
12,404
7,598
3,170
3,523
46,943
2,791
6,291
6.4
4.4
3.3
7.2
3.0
26,188
20,176
18,729
26
164
225
203
2.8
5.5
5.4
5.7
6.0
5.0
19,680
21,787
19,440
17,933
22,483
22,408
27,700 29,009
21,135 21,910
19,621 20,292
20,827
21,168 21,861
33,920 35,371
21,482 22,235
17,775 18,440
20,403 21,274
23,101 24,227
20,386 21,227
18,687 19,646
23,271 24,504
23,693 24,096
175,769
7,705
4,498
4,812
5.6
6.8
6.2
5.5
27,095
26,897
18,798
20,024
28,925
28,448
19,631
20,193
30,366
29,914
20,405
20,815
16
19
221
204
3,684
2,083
26,750
4,369
8,558
1,578
4,354
3,405
9,501
5,653
3,911
2,202
27,677
4,632
8,890
1,620
4,592
3,580
9,889
5,889
6.1
5.7
3.5
6.0
3.9
2.6
5.5
5.1
4.1
4.2
11,734
15,207
21,464
21,673
20,133
23,008
23,237
19,495
17,709
21,513
12,029
15,862
22,659
23,279
21,278
24,733
24,323
20,400
18,643
22,225
12,461
16,748
23,588
24,445
22,077
25,454
25,521
21,312
19,678
23,149
313
306
114
88
157
62
61
178
248
124
31,350
3,607
9,538
1,685
219,619
3,482
38,440
3,091
33,556
3,826
10,009
7.0
6.1
4.9
2.6
5.4
5.8
5.3
6.3
22,819
23,926
20,357
20,588
26,897
17,453
22,925
15,486
24,350
25,338
21,571
21,518
28,587
18,040
24,216
16,465
25,446
26,461
22,517
21,974
29,948
19,084
25,359
16,933
63
49
138
159
18
276
65
304
Binghamton, NY
Birmingham, AL
Bismarck, ND
Bloomington, IN
Bloomington-Normal, IL
Boise City, ID
Boston-Worcester-Lawrence-LowellBrockton, MA-NH (NECMA)
Boulder-Longmont, CO*
Brazoria, TX*
Bremerton, WA*
5,152
19,172
1,710
2,037
3,067
7,804
5,255
20,521
1,816
2,154
3,226
8,555
5,403
21,659
1,914
2,277
3,420
154,929
6,705
3,990
4,330
166,492
7,217
4,235
4,560
Brownsville-Harlingen-San Benito,
TX
Bryan-College Station, TX
Buffalo-Niagara Falls, NY
Burlington, VT (NECMA)
Canton-Massillon, OH
Casper, WY
Cedar Rapids, IA
Champaign-Urbana, IL
Charleston-North Charleston, SC ...
Charleston, WV
3,505
1,986
25,457
4,035
8,083
1,468
4,105
3,238
9,195
5,465
28,714
3,354
8,926
1,604
205,523
3,349
36,190
2,851
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
See footnotes at the end of the table.
1,729
231,378
3,682
40,465
3,287
3.8
20,063
32,518
20,468
17,259
153
287
180
94
185
251
85
97
Percent
change 2
Millions of dollars
1994
1995
1996
1995-96
Rank in
U.S.
Dollars
1994
1995
1996
1996
Cleveland-Lorain-Elyria, OH*
Colorado Springs, CO
53,474
9,005
56,730
9,812
59,150
10,544
4.3
7.5
23,971 25,434 26,529
19,872 21,112 22,320
46
148
Columbia, MO ....
Columbia, SC
Columbus, GA-AL
Columbus, OH ...
Corpus Christi, TX
Cumberland, MD-WV
Dallas, TX*
Danville, VA
Davenport-Moline-Rock Island, IAIL
Dayton-Springfield, OH
2,457
9,846
4,827
32,316
6,526
1,680
74,328
1,862
2,655
10,556
2,824
11,212
5,398
20,286
20,332
17,665
22,738
17,387
16,637
25,596
16,970
21,509
21,513
18,777
23,910
18,127
17,249
27,145
17,806
22,424
22,529
19,890
24,863
19,034
18,052
28,513
18,404
137
243
78
277
292
29
288
1,739
80,498
1,947
7,285
1,807
86,785
2,005
6.4
6.2
5.9
4.9
6.1
3.9
7.8
3.0
7,332
20,870
7,729
22,184
8,122
23,017
5.1
3.8
20,543 21,635
21,885 23,292
22,746
24,239
7,903
2,626
2,438
46,819
10,016
109,265
2,364
2,162
1,770
4,539
8,460
2,788
2,546
50,815
10,669
116,667
2,508
2,318
1,866
4,775
8,959
2,911
2,719
54,449
11,339
121,458
2,579
2,481
1,952
5,024
5.9
4.4
6.8
7.2
6.3
4.1
2.8
7.0
4.6
5.2
17,892
18,998
20,902
26,119
23,996
24,897
17,669
18,123
20,088
18,863
18,783
19,984
21,905
27,810
25,246
26,373
18,707
19,155
21,139
20,068
6,133
2,587
9,004
3,632
1,769
1,071
5,541
5,782
6,146
3,179
6,479
2,768
9,491
3,823
1,848
1,110
5,758
6,217
6,384
3,373
6,823
2,921
9,919
3,958
1,933
1,161
5,989
6,601
6,748
3,680
5.3
5.5
4.5
3.5
4.6
4.6
4.0
6.2
5.7
9.1
23,519
18,271
13,536
22,170
18,749
18,897
19,775
19,351
21,478
19,654
24,790
19,468
14,026
22,948
19,630
19,419
20,552
20,520
22,247
20,622
Fayetteville, NC
Fayetteville-Springdale-Rogers, AR
Flagstaff, AZ-UT
Flint, Ml*
Florence, AL
Florence, SC
Fort Collins-Loveland, CO
Fort Lauderdale, FL*
Fort Myers-Cape Coral, FL
Fort Pierce-Port St. Lucie, FL
4,892
4,711
1,829
9,461
2,401
2,194
4,449
34,500
8,340
6,428
5,251
5,124
1,965
9,929
2,567
2,303
4,855
36,990
5,549
5,449
2,105
10,121
2,668
2,441
5,280
39,081
9,578
7,321
5.7
6.3
7.1
1.9
3.9
6.0
8.8
5.7
6.8
6.6
17,261
19,346
16,049
21,892
17,744
18,136
20,959
24,883
22,706
23,110
18,468
20,217
16,885
22,875
18,884
19,565
20,706
23,582
29,234
26,557
27,250
19,334
20,374
22,096
21,141
25,946
20,452
14,480
23,449
20,651
20,417
21,389
21,534
23,430
22,335
19,556
20,856
17,847
23,240
19,508
22,378
26,167
23,903
24,281
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
3,249
3,071
10,391
31,757
14,666
1,743
3,681
4,759
12,795
2,242
3,449
3,211
11,017
33,817
15,260
1,834
3,936
5,046
13,435
2,347
3,599
3,514
11,513
36,048
16,097
1,867
4,140
5,322
14,151
2,436
4.3
9.4
4.5
6.6
5.5
1.8
5.2
5.5
5.3
3.8
17,576
19,109
22,205
21,710
17,526
17,096
19,039
20,270
20,725
18,418
18,311
19,666
23,400
22,711
18,043
17,978
20,131
21,256
21,676
19,181
1,751
1,793
1,881
1,880
2,016
1,990
2,026
2,145
5.8
7.8
6.4
21,577
1,524
2,568
4,645
23,213
1,627
2,739
4,984
24,508
1,701
2,931
5,234
24,599
2,165
26,488
2,342
16,753
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 ....
2,303
6,454
13,782
31,062
1,646
5,988
22,372
2,952
5,330
Huntsville, AL
Indianapolis, IN
Daytona Beach, FL
Decatur, AL
Decatur, IL
Denver, CO*
Des Moines, IA
Detroit, Ml*
Dothan, AL
Dover, DE
Dubuque, IA
Duluth-Superior, MN-WI
Abilene, TX
Akron, OH*
Albany, GA
Albany-Schenectady-Troy, NY
Albuquerque, NM
Alexandria, LA
Allentown-Bethlehem-Easton, PA ...
Altoona, PA
Amarillo, TX
Anchorage, AK
20,198
24,371
Area name
1996
Consolidated Metropolitan
Statistical Areas
Per capita personal income 3
Personal income
Dutchess County, NY*
Eau Claire, Wl
El Paso, TX
Elkhart-Goshen, IN
Elmira NY
Enid, OK
Erie, PA
Eugene-Springfield, OR
Evansville-Henderson, IN-KY
Fargo-Moorhead, ND-MN
Goldsboro, NC
Grand Forks, ND-MN
Grand Junction, CO
Grand Rapids-Muskegon-Holland,
37
Greeley, CO*
Green Bay, Wl
Greensboro-Winston-Salem-High
Point, NC
Greenville, NC
Greenville-Spartanburg-Anderson,
SC
Iowa City, IA
Jackson, Ml
Jackson, MS
Jackson, TN
Jacksonville, FL
Jacksonville, NC
Jamestown, NY
Janesville-Beloit, Wl.
Jersey City, NJ*
Johnson City-Kingsport-Bristol, TNVA
Johnstown, PA
5.098
34,293
6,866
132
93
255
210
116
24
45
36
268
223
156
191
219
312
118
212
220
176
172
119
147
256
202
294
123
259
245
103
40
71
16,111 17,004
17,206 18,081
18,257 18,999
23,841
27,129
25,144
25,269
18,841
21,218
24,281
23,690
18,727
18,248
20,968
22,154
22,783
19,902
17,798
19,583
19,806
281
186
92
106
284
289
200
155
130
242
296
254
246
5.6
4.5
7.0
5.0
21,807
18,803
17,776
22,421
23,158
20,120
18,475
23,706
24,139
21,051
19,328
24,638
95
195
269
83
28,025
2,478
5.8
5.8
22,212 23,578
18,671 19,877
24,597
20,800
205
18,099
19,030
5.1
19,233 20,511 21,267
2,427
6,917
14,551
96,557
5,499
2,535
7,321
15,343
33,713
1,876
6,598
23,507
3,310
102,778
5,663
4.5
5.8
5.4
3.8
5.7
4.9
1.3
6.4
6.4
3.0
18,255
20,438
22,635
27,916
15,912
19,574
25,768
15,781
24,593
16,852
19,119
21,652
23,816
29,322
16,763
20,280
26,693
16,541
26,028
17,385
6,799
34,870
2,200
2,890
8,000
1,841
20,826
2,027
2,494
3,038
7,172
36,666
2,278
3,073
8,655
1,979
22,486
2,152
2,568
3,288
7,456
38,557
2,406
3,188
9,105
2,068
24,041
2,313
2,652
3,402
4.0
5.2
5.6
3.8
5.2
4.5
6.9
7.4
3.3
3.5
20,769
23,915
21,903
18,967
19,440
19,191
21,452
14,194
17,598
21,884
24,884
22,495
20,025
20,831
20,355
22,828
15,118
18,175
22,184
12,244
12,879
13,433
4.3
22,305 23,465
19,917
22,640
25,002
30,473
17,386
20,988
27,040
17,476
27,195
17,922
22,595
25,898
23,687
20,644
21,592
21,029
23,679
16,184
18,793
22,685
24,456
4,394
8,902
4,569
4.7
4.0
17,671 18,742
17,511 18,291
19,482
19,105
7,943
4,211
32,492
1,775
6,291
23,200
3,110
182
240
134
74
15
300
197
41
299
39
293
135
56
107
213
169
196
108
308
282
133
87
264
274
D-70
• Regional Data
SURVEY OF CURRENT BUSINESS
February 1999
Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1994-96—Continued
Per capita personal income 3
Personal income
Area name
Percent
change 2
Millions of dollars
Rank in
U.S.
Dollars
1994
1995
1996
1994
1995
1996
Jonesboro, AR ...
Joplin, MO
Kalamazoo-Battle Creek, Ml
Kankakee, IL*
Kansas City, MO-KS
Kenosha, Wl*
Killeen-Temple, TX
1,219
2,554
9,241
1,898
38,562
2,761
4,555
1,337
2,754
9,771
2,040
41,353
2,964
4,875
1,415
2,942
10,204
2,159
43,810
3,098
5,114
5.8
6.8
4.4
5.8
5.9
4.5
4.9
16,638
18,024
20,967
18,783
23,281
20,102
15,816
17,891
19,182
22,078
20,142
24,738
21,268
16,744
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
12,954
2,223
2,448
6,143
3,201
3,184
7,756
9,804
9,213
1,930
13,906
2,418
2,554
6,481
3,343
3,390
8,278
10,287
9,697
2,007
14,420
2,512
2,705
6,916
3,531
3,577
8,797
10,870
10,092
2,160
3.7
3.9
5.9
6.7
5.6
5.5
6.3
5.7
4.1
7.6
20,588
22,372
20,395
17,042
19,040
18,336
18,061
22,147
20,747
11,732
21,740
24,258
21,175
17,779
19,690
19,287
18,977
22,997
21,784
11,675
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 ...
Longview-Marshall, TX
2,136
23,990
1,511
1,814
1,931
9,063
2,993
4,817
11,025
3,668
2,295
26,739
1,627
1,904
1,992
9,805
3,122
5,136
11,850
3,886
2,383
29,588
1,717
1,965
2,071
10,522
3,222
5,451
12,531
4,114
3.9
10.7
5.6
3.2
4.0
7.3
3.2
6.1
5.7
5.9
13,627
22,244
17,350
15,436
18,718
21,061
19,200
21,305
20,541
18,234
14,378
23,481
18,431
16,525
19,416
22,579
20,069
22,413
21,878
19,086
18,590
20,195
22,962
21,261
25,949
21,913
17,117
22,247
25,053
22,320
18,785
20,640
20,084
19,905
24,138
22,587
12,199
14,529
24,706
19,147
17,090
20,385
23,929
20,727
23,591
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
Melboume-Titusville-Palm Bay, FL
204,873
21,942
4,373
3,942
5,755
9,797
3,214
4,954
3,150
8,961
216,269
23,298
4,586
4,133
6,127
10,510
3,379
5,303
3,392
9,412
226,592
24,487
4,874
4,309
6,487
11,080
3,517
5,680
3,605
9,836
4.8
5.1
6.3
4.3
5.9
5.4
4.1
7.1
6.3
4.5
22,584
22,418
19,000
19,435
18,771
25,161
18,340
10,680
19,447
20,245
23,885
23,666
19,824
20,256
19,853
26,798
19,275
11,032
20,502
20,922
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
23,677
3,068
40,783
25,603
2,999
43,190
26,826
3,294
45,579
4.8
9.8
5.5
22,492 24,048 24,945
15,641 15,505 17,064
20,268 21,292 22,370
33,091
35,578
70,644
9,038
7,149
28,071
2,537
35,459
37,81
75,469
9,608
7,404
29,758
2,728
37,473
39,526
80,878
10,156
7,884
31,199
2,881
5.7
4.5
7.2
5.7
6.5
4.8
5.6
31,051
24,510
26,246
17,664
17,602
27,162
17,398
32,928
26,040
27,682
18,627
18,037
28,359
18,619
34,366
27,202
29,299
19,508
18,953
29,343
19,621
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*
6,217
2,311
2,800
5,820
25,676
82,459
6,620
2,411
3,092
6,073
27,852
85,472
6,956
2,491
3,318
6,577
29,266
89,919
5.1
3.3
7.3
8.3
5.1
5.2
19,989
19,435
18,407
32,737
24,040
31,187
21,088
20,304
19,626
33,204
25,507
32,237
21,973
21,063
20,271
34,830
26,262
33,837
55,291
59,964
63,249
5.5
34,063
36,964 38,962
6,289
26,769
253,351
6,643
28,209
270,487
6,927
29,021
285,207
4.3
2.9
5.4
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*
59,212
7,383
62,635
7,739
65,78;
8,069
5.0
4.3
24,956 26,228 27,385
20,474 21,527 22,179
29,498 31,474 33,177
30,675 32,401 33,952
20,81 21,583 22,279
34
154
11
9
150
29,902
59,219
3,830
4,840
19,53'
3,984
14,997
67,828
31,397
62,872
4,114
5,121
20,515
4,253
16,094
71,734
32,726
66,728
4,392
5,392
21,620
4,538
17,206
75,793
4.2
6.1
6.8
5.3
5.4
6.7
6.9
5.7
19,616
26,910
17,460
20,520
19,429
21,279
22,641
26,534
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
27,897
1,671
2,488
2,867
6,52'
7,45'
126,715
53,320
1,327
54,830
29,832
1,747
2,563
2,992
6,913
7,776
133,692
58,994
1,397
57,665
31,98'
1,824
2,819
3,11'
7,409
8,20;
140,79
64,359
1,456
60,194
7.2
4.4
10.0
4.1
7.2
5.6
5.3
9.1
4.3
4.4
20,455
18,552
3,146
1,186
5,945
39,034
3,329
1,26
6,29'
42,504
3,470
1,326
6,614
45,997
4.2
5.1
5.1
8.2
23,203
16,476
24,059
23,252
20,507
28,405
18,217
21,607
20,244
22,11
24,021
27,735
21,43;
19,301
18,060
19,740
18,282
22,486
26,993
22,166
16,732
24,167
24,635
17,269
25,39
24,809
21,311
29,842
18,975
22,493
21,148
23,068
25,291
28,936
22,425
20,104
19,487
20,581
19,146
23,70'
28,447
23,377
17,567
25,359
25,759
18,073
26,479
26,228
179
20
278
140
190
127
67
27
143
233
262
215
273
105
30
121
298
65
59
291
47
53
20,364
4,305
2,209
2,456
4,077
21,480
4,772
2,416
2,645
4,34
22,173
5,156
2,520
2,824,56'
3.2
8.0
4.3
6.9
5.1
22.36E
14.26C
17,320
19,518
22,342
23,668
15,352
18,674
20,469
23,61
24,478
16,099
19,235
21,535
24,72
309
270
171
80
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*
1995-96
17,832
18,925
17,568
21,670
25,588
20,91
15,763
22,880
19,950
24,945
24,764
21,065
20,962
20,791
28,087
20,067
11,478
21,410
21,640
286
229
128
183
54
162
301
152
72
148
283
214
234
241
96
136
314
311
81
272
302
222
101
209
113
129
238
75
79
193
201
206
32
236
315
175
168
75
303
145
7
38
23
259
279
22
252
161
194
226
6
51
10
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 differ 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
1994-96 reflect county population estimates available as of March 1998.
4. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's designated by *), and
Per capita personal income 3
Personal income
Area name
Percent
change 2
Millions of dollars
Rank in
U.S.
Dollars
1994
1995
1996
Raleigh-Durham-Chapel Hill, NC ...
22,796
24,901
26,843
7.8
23,643 25,061 26,255
52
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
1,630
8,085
3,053
7,495
3,581
22,776
52,445
5,192
2,652
25,426
1,734
8,481
3,137
8,178
3,709
23,991
54,696
5,566
2,792
26,696
1,805
8,890
3,262
8,819
3,808
25,213
57,446
5,804
2,996
27,751
4.1
4.8
4.0
7.8
2.7
5.1
5.0
4.3
7.3
4.0
18,848
23,198
19,111
26,468
20,597
24,860
17,979
22,730
23,486
23,399
19,917
24,209
19,499
28,126
20,690
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
7,421
2,472
32,231
8,497
2,765
1,800
60,119
5,663
8,021
22,195
7,931
2,635
34,506
9,014
2,921
1,881
64,142
6,132
8,477
24,130
8,293
2,801
36,201
9,426
3,132
1,971
67,118
6,534
8,761
26,085
4.6 21,479 22,738 23,523
6.3 17,606 18,510 19,474
4.9 22,397 23,661 24,444
4.6 21,101 22,394 23,390
7.2 17,662 18,425 19,594
4.8 18,399 19,311 20,298
4.6 23,733 25,238 26,337
6.6 18,441 19,578 20,480
3.4 23,304 24,580 25,032
8.1 18,731 20,015 21,271
San Angelo, TX
San Antonio, TX
San Diego, CA
San Francisco, CA*
San Jose, CA*
San Luis Obispo-Atascadero-Paso
Robles, CA
Santa Barbara-Santa MariaLompoc, CA
Santa Cruz-Watsonville, CA*
Santa Fe, NM
Santa Rosa, CA*
1,843
27,806
58,191
57,102
46,175
1,947
29,887
61,380
61,301
51,238
2,040
31,553
65,008
65,512
56,218
4.8
5.6
5.9
6.9
9.7
19,996
21,237
24,282
39,746
35,395
207
69
231
21
192
43
275
64
48
60
117
265
89
120
253
224
50
217
73
181
237
184
91
1
4
4,397
4,652
4,941
6.2
19,645 20,515 21,483
173
9,415
5,835
3,113
10,196
9,874
6,207
3,421
10,761
10,395
6,631
3,535
11,524
24,589
24,846
23,714
24,813
25,764
26,288
25,255
25,860
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 Falls, SD
14,472
5,596
15,575
5,952
16,443
6,320
5.3
6.8
3.3
7.1
5.6
6.2
27,937 29,674 30,931
20,299 21,343 22,477
42
33
58
35
14
141
12,364
60,298
2,156
2,331
1,751
7,310
2,325
3,500
12,924
64,801
2,267
2,478
1,880
7,630
2,492
3,719
13,398
69,844
2,370
2,581
2,014
7,865
2,659
4,018
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
5,472
7,803
4,403
5,704
12,639
2,389
2,441
9,456
1,552
15,479
5,782
8,303
4,579
6,139
13,451
2,538
2,531
9,885
1,638
16,133
5,943
8,701
4,819
6,444
13,949
2,662
2,615
10,410
1,743
16,581
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
12,680
4,813
13,544
5,169
14,353
5,450
3.7 19,470 20,462 21,363
7.8 27,736 29,494 31,372
4.5 17,695 18,579 19,386
4.2 21,729 22,811 23,583
7.1 17,998 19,159 20,080
3.1 19,395 20,156 20,756
6.7 19,475 20,693 21,974
8.0 22,632 23,724 25,246
2.8 21,468 22,543 23,095
4.8 19,712 20,691 21,555
5.3 21,779 22,556 23,633
5.0 19,766 20,884 21,702
3.7 21,240 22,687 23,601
4.9 18,435 19,460 20,135
3.3 17,445 18,165 18,919
5.3 18,274 18,845 19,531
6.4 14,616 15,357 16,298
2.8 20,622 21,552 22,253
6.0 19,895 20,928 21,913
5.4 18,891 20,069 20,985
177
13
267
115
235
208
159
70
126
170
110
167
112
232
280
258
307
151
162
199
46,279
2,686
2,082
13,336
3,561
10,220
13,838
15,668
49,670
2,805
2,198
14,094
3,770
10,891
14,828
16,525
52,738
2,872
2,306
14,628
3,936
11,296
15,766
17,456
21,503
18,002
16,981
21,804
21,620
31,114
18,840
21,182
22,817
18,772
17,916
23,066
22,883
33,078
19,647
22,170
23,984
19,226
18,666
23,955
23,888
34,292
20,535
23,141
2,850
3,242
5,849
10,291
16,624
1,605
2,785
5,417
3,535
133,045
3,011
3,469
6,006
10,666
17,630
1,696
2,882
5,569
3,793
140,302
3,159
3,706
6,101
11,271
18,467
1,801
2,964
5,918
3,960
147,306
6.2
2.4
4.9
3.8
4.4
3.7
6.3
5.6
4.9
6.8
1.6
5.7
4.7
6.2
2.8
6.3
4.4
5.0
18,277
20,316
18,573
21,419
23,714
20,066
19,672
15,712
18,267
29,874
19,003
21,457
19,511
22,197
24,937
21,048
20,409
16,035
19,099
31,192
19,887
22,506
20,220
23,267
25,839
22,065
20,987
16,905
19,655
32,376
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
2,401
2,366
32,694
2,835
10,952
2,507
2,169
14,474
3,774
3,718
2,522
2,519
35,409
2,917
11,630
2,716
2,239
15,494
4,083
3,885
2,624
2,656
37,933
3,023
12,430
2,849
2,325
16,548
4,388
4,204
4.0
5.4
7.1
3.6
6.9
4.9
3.8
6.8
7.5
8.2
19,419
19,700
34,066
17,991
21,317
18,961
17,986
26,844
19,518
17,751
20,565
20,864
36,213
18,657
22,470
20,081
18,689
28,429
20,389
18,216
21,463
21,865
38,081
19,483
23,753
20,706
19,538
30,103
21,187
19,454
99
271
285
100
102
8
216
125
244
139
227
122
57
158
198
305
250
12
174
165
3
263
104
210
257
17
189
266
Yolo CA* .
York, PA
:
Youngstown-Warren, OH
Yuba City, CA
Yuma, AZ
3,090
7,838
11,660
2,249
1,726
3,278
8,301
12,306
2,344
2,025
3,418
8,686
12,670
2,446
1,946
4.3
4.6
3.0
4.4
21,158
21,780
19,35
16,695
14,357
22,104
22,773
20,51
17,19
16,62
22,747
23,610
21,192
17,739
15,52
131
111
188
297
310
Tuscaloosa, AL
Tyler, TX
Utica-Rome, NY
Vallejo-Fairfield-Napa, CA*
Ventura, CA*
Victoria, TX
Vineland-Millville-Bridgeton, NJ*
Visalia-Tulare-Porterville, CA
Waco, TX
:
Washington, DC-MD-VA-WV*
1995-96
-3.9
1994
18,276
19,457
22,111
34,932
29,757
1995
25T9Q9
18,453
24,382
24,834
24,588
19,193
20,499
23,201
37,391
32,707
1996
20,770
25,248
20,144
29,528
21,120
~2S$H
19,090
25,387
26,478
25,543
27,003
27,896
25,774
27,353
1996
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 "Local Area Personal Income, 1969-96" in the May 1998 issue of the SURVEY.
Regional Data •
SURVEY OF CURRENT BUSINESS
February 1999
L. Charts.
SELECTED REGIONAL ESTIMATES
SHARES OF U.S. PERSONAL INCOME BY REGION
1969
1997
Great Lakes
20.8%
,
New England
6.4%
Southeast
17.3%
New England
6.0%
Rocky Mountain
Rocky Mountain
2.9%
2 2 %
Southwest
7.0%
SHARES OF U.S. GROSS STATE PRODUCT BY REGION
1977
Great Lakes
19.6%
Mideast
20.1%
1996
Great Lakes
16.2%
Mideast
18.9%
/
x
Plains
6.7%
^ ^ ^ ^ A New England
^ ^ ^ ^ ^ ^ H
5.2%
Plains
7.5%
^
^
Far West
15.7%
Southeast
19.7%
^
^
m
Southeast
21.9%
Rocky Mountain
2.8%
Southwest
9.3%
-
^ ^ H
^ H
^ ^ ^ ^ ^ ^ k
^^^^^^^H
f
U.S. average
8.1 %
Rocky Mountain
3.0%
Southwest
10.2%
U.S. average
8.1 %
STATES WITH SLOWEST GROWTH
Nevada
Indiana
Arizona
Rhode Island
Florida
West Virginia
Colorado
North Dakota
Utah
Pennsylvania
Illinois
Georgia
Michigan
Texas
New York
New Hampshire
Ohio
New Mexico
Iowa
4
5
6
7
8
Percent
U.S. Department of Commerce, Bureau of Economic Analysis
9
10
5.7%
Far West
17.3%
AVERAGE ANNUAL GROWTH RATE OF PERSONAL INCOME, 1969-97
STATES WITH FASTEST GROWTH
New England
7
8
Percent
9
D-71
D-72
• Regional Data
SURVEY OF CURRENT BUSINESS
February 1999
SELECTED REGIONAL ESTIMATES
PER CAPITA PERSONAL INCOME, 1997
UNITED STATES $25,298
] States with highest levels
HI
$25,686
I States with lowest levels
] All other States
PERSONAL INCOME GROWTH: AVERAGE QUARTERLY PERCENT CHANGE, 1997:111-1998:111
MA 1.3
UNITED STATES 1.2%
HI 0.4
Q
States with largest percent change
[~]
States with smallest percent change
I
I All other States
U.S. Department of Commerce, Bureau of Economic Analysis
February 1999
Appendixes •
SURVEY OF CURRENT BUSINESS
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.)
The annual changes in quantities and prices are
calculated using a Fisher formula that incorporates
weights from 2 adjacent years. (Similar formulas
are used to calculate the quarterly indexes for the
most recent quarters, called the "tail" period, and
for the indexes for the other quarters, called the
"historical period") For example, the 1996-97 annual percent change in real GDP uses prices for 1996
and 1997 as weights, and the 1996-97 annual percent
change in price uses quantities for 1996 and 1997 as
weights. These annual changes are "chained" (multiplied) together to form time series of quantity and
price. Because the Fisher formula allows for the effects
of changes in relative prices and in the compostion
of output over time, the resulting quantity or price
changes are not affected by the substitution bias that
is associated with changes in quantities and prices calculated using a fixed-weighted formula. The Fisher
formula also produces changes in quantites and prices
that are not affected by the choice of base periods. In
addition, because the changes in quantities and prices
calculated in this way are symmetric, the product of
a quantity index and the corresponding price index is
generally equal to the current-dollar index.
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. NIPA table 8.2 provides accurate measures
of the contributions of the major components to the
percentage change in real GDP for all periods.
BEA also publishes the "implicit price deflator
(IPD)," which is calculated as the ratio of currentdollar value to the corresponding chained-dollar value,
multiplied by 100; the values of the IPD and of the
corresponding "chain-type" price index are very close.
For quarters and months, the estimates are presented at annual rates, which show the value that would
be registered if the rate of activity measured for a
quarter or a month were maintained for a full year.
Annual rates are used so that time periods of different lengths—for example, quarters and years—may be
compared easily. These annual rates are determined
simply by multiplying the estimated rate of activity by
4 (for quarterly data) or 12 (for monthly data).
Percent changes in the estimates are also expressed
at annual rates. Calculating these changes requires a
variant of the compound interest formula:
r=
XoJ
J
xlOO,
where r is the percent change at an annual rate;
Xt is the level of activity in the later period;
Xo is the level of activity in the earlier period;
m is the yearly periodicity of the data (for
example, 1 for annual data, 4 for quarterly,
or 12 for monthly); and
n is the number of periods between the
earlier and later periods (that is, t - 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-73
D-74
• Appendixes
SURVEY OF CURRENT BUSINESS
February 1999
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
1997
1998'
1997
BEA-derived compensation per hour of all persons, BEA/BLS'
3.7
4.2
3.9
5.0
4.6
4.0
4.2
-.5
-.8
-.1
-.4
-.2
-.4
-.6
-.2
.1
.1
-.2
-.1
-.1
-.1
-.3
4.9
4.6
4.5
4.5
4.0
1.3
.4
.2
.2
.2
Less: Contribution of supplements to wages and salaries per hour
-.6
-.3
Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit institutions
-.2
-.2
Less: Contribution of wages and salaries per hour of persons in government enterprises, unpaid
family workers, and self-employed
-.1
-.1
-.5
Equals: BEA-derived wages and salaries per hour of ail employees in the private nonfarm
sector
4.2
4.4
4.2
.1
-.2
Less: Contribution of wages and salaries per hour of nonproduction workers in manufacturing
2
3.5
.2
.6
-.7
-1.1
.2
-.3
.9
.6
Equals: BLS average hourly earnings of production or nonsupervisory workers on private
nonfarm payrolls
3.9
4.0
4.0
4.6
3.9
4.6
3.4
3.2
Addendum:
BLS estimates of compensation per hour in the nonfarm business sector3
3.7
3.9
4.9
4.6
4.0
4.0
Less: Other differences
p Preliminary
1. Includes BLS data on compensation and hours of nonfarm proprietors' and hours worked
of unpaid family workers.
2. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates
also include differences in BEA and BLS benchmark procedures; quarterly estimates also include
differences in seasonal adjustment procedures.
3. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates
include compensation and hours of tenant-occupied housing.
BEA Bureau of Economic Analysis
BLS Bureau of Labor Statistics
Table 2.—Relation of Net Exports of Goods and Services and Net Receipts of Factor Income in the NIPA's to Balance on
Goods, Services, and Income in the BPA's
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1996
1997
1997
1998
I
Exports of goods, services, and income, BPA's
Less: Gold, BPA's
Statistical differences1
Other items
Plus: Adjustment for grossing of parent/affiliate interest payments
Adjustment for U.S. territories and Puerto Rico
Services furnished without payment by financial intermediaries except life
insurance carriers and private noninsured pension plans
1,064.0
1,179.4
1,181.1
1,201.9
1,199.4
1,196.2
1,169.9
1,151.0
6.9
0
1.1
5.7
0
.8
9.3
0
.6
3.4
0
3.4
0
.9
5.3
4.8
.8
4.2
3.9
.7
5.2
3.3
3.4
34.4
3.9
37.0
3.6
37.4
4.2
36.8
4.6
37.9
3.9
37.0
4.3
37.2
4.3
37.4
15.5
17.1
17.2
17.1
17.3
17.3
17.6
17.8
Equals: Exports of goods and services and receipts of factor income, NIPA's
1,109.3
1,230.9
1,229.4
1,256.0
1,254.9
1,243.6
1,220.2
1,201.2
Imports of goods, services, and income, BPA's
1,158.3
1,294.9
1,285.4
1,316.5
1,330.2
1,345.3
1,358.9
1,355.9
7.7
0
0
6.6
0
0
11.0
0
0
3.0
0
0
3.8
0
0
6.7
1.8
0
5.5
2.7
0
7.3
1.3
0
-3.8
3.4
22.4
15.5
-3.5
3.9
26.5
17.1
-3.8
3.6
25.8
17.2
-3.4
4.2
28.0
17.1
-3.3
4.6
28.3
17.3
-3.2
3.9
27.4
17.3
-3.0
4.3
28.5
17.6
-2.8
4.3
27.1
17.8
1,188.1
1,332.3
1,317.3
1,359.4
1,373.3
1,382.2
1,398.2
1,393.7
-94.3
-115.5
-104.3
-114.6
-130.8
-149.1
-189.0
-204.9
-4.6
0
1.1
-4.4
0
.8
-5.5
0
.6
-3.0
0
.6
-3.7
0
.9
-4.6
3.0
.8
-4.3
1.2
.7
-4.9
2.0
11.6
8.8
9.6
9.6
8.7
10.3
-87.9
-103.4
-118.4
-138.6
-178.0
-192.5
Less: Gold, BPA's
Statistical differences1
Other items
Plus: Gold, NIPA's
Adjustment for grossing of parent/affiliate interest payments
Adjustment for U.S. territories and Puerto Rico
Imputed interest paid to rest of world
Equals: Imports of goods and services and payments of factor income,
NIPA's
Balance on goods, services, and income, BPA's (1-9)
Less: Gold (2-10+13)
Statistical differences (3-11) •
Other items (4-12)
Plus: Adjustment for U.S. territories and Puerto Rico (6-15)
Equals: Net exports of goods and services and net receipts of factor income,
NIPA's (8-17)
1. Consists of statistical revisions in the NIPA's that have not yet been incorporated into the
BPA's (1998:111) and statistical revisions in the BPA's that have not yet been incorporated into
the NIPA's (1998:1-1998:111).
BPA's Balance of payments accounts
NIPA's National income and product accounts
12.0
-78.8
10.5
-101.4
.9
Appendixes •
SURVEY OF CURRENT BUSINESS
February 1999
Appendix B
Suggested Reading
Mid-Decade Strategic Plan
BEA has published the following articles in the SURon 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)
VEY OF CURRENT BUSINESS
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)
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. 1, 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) [Revised version forthcoming]
GNP: An Overview of Source Data and Estimating
Methods (NIPA Methodology Paper No. 4, 1987)
[Largely superseded by "A Guide to the NIPA'S"
(March 1998 SURVEY)]
Government Transactions (NIPA Methodology
Paper No. 5, 1988)
Personal Consumption Expenditures (NIPA Methodology Paper No. 6, 1990)
NIPA
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
revisions.
SURVEY
articles that cover these
"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 1998
issue, describes the annual NIPA revisions and the
improvements in methodology.
"Completion of the Comprehensive Revision of the
National Income and Product Accounts, 1929-96"
(May 1997) is the last in a series of SURVEY articles
that describe the most recent comprehensive revision
of the NIPA'S.
"A Guide to the NIPA'S" (March 1998 SURVEY) provides the definitions of the major NIPA aggregates and
components; discusses the measures of real output and
prices; explains how production is classified and how
the NIPA'S are presented; describes the statistical conventions that are used; and lists the principal source
data and methods used to prepare the estimates of
gross domestic product (GDP).
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.
"BEA'S Chain Indexes, Time Series, and Measures
of Long-Term Economic Growth" (May 1997) is the
most recent in a series of SURVEY articles that describe
the conceptual basis for the chain-type measures of
real output and prices used in the NIPA'S.
"Reliability of the Quarterly and Annual Estimates
of GDP and Gross Domestic Income" (December 1998
SURVEY) evaluates the reliability of these estimates by
examining the record of revisions to them.
Availability
Most of the items listed here are available on BEA'S
Web site at <www.bea.doc.gov>. In addition, see the
inside back cover of this issue for the availability of
some of the publications.
The Catalog of BEA Products is available on BEA'S Web
site; a printed copy can be obtained by writing to the
Public Information Office, BE-53, Bureau of Economic
Analysis, U.S. Department of Commerce, Washington,
DC 20230, or by calling 202-606-9900.
D-75
D-76
• Appendixes
SURVEY OF CURRENT BUSINESS
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.
Gross product by industry
"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) and "Gross Product by Industry,
1995-97" (November 1998 SURVEY) present the most
recent revisions to the estimates of gross product by
industry and briefly describe changes in methodology.
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.
Satellite accounts
Satellite accounts that extend the analytical capacity of
the national accounts by focusing on a particular aspect of activity are presented in the following SURVEY
articles.
"Integrated Economic and Environmental Satellite
Accounts" and "Accounting for Mineral Resources:
Issues and BEA'S Initial Estimates" (April 1994)
"A Satellite Account for Research and Development" (November 1994)
"U.S. Transportation Satellite Accounts for 1992"
(April 1998)
"U.S. Travel and Tourism Satellite Accounts for
1992" (July 1998)
International
Balance of payments accounts (BPA'S)
The Balance of Payments of the United States: ConceptSy 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 1998 issue, describes
February 1999
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: 1994 Benchmark
Survey, Final Results (1998)
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)
Surveys of international services
U.S. International Transactions in Private Services: A
Guide to the Surveys Conducted by the Bureau of Economic Analysis (1998) provides information on the
11 surveys that BEA conducts on these transactions—
including classifications, definitions, release schedules,
and methods used to prepare the estimates—and
samples of the survey forms.
Regional
Personal income
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, 1929-9/]
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, 1969-96]
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.
"Gross State Product by Industry, 1977-96" (June
1998 SURVEY) presents the most recent revision to the
estimates of gross state product by industry and briefly
describes changes in methodology. 5 j |
BEA INFORMATION
The economic information prepared by the Bureau of Economic Analysis (BEA) is
available in news releases, in publications, on diskettes, on CD-ROM'S, and on the Internet.
For a description of these products in the free Catalog ofProducts, write to the Public
Information Office, BE-53, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230, or call 202-606-9900. The catalog and; other information
are also available on BEA'S Web site at < wwwibea.doc.gov>.
The free publication I/.S. International Transactions in Private Services:\A GuideYfo
the Surveys Conducted by the Bureau ofEconomic Analysis provides Information about
11 surveys. For each survey, it details the frequency of the survey, the transactions covered,
and the methods used to prepare the estimates that are derived from the survey data; it :
includes a sample of each survey. To receive your copy, write to Sylvia Bargas, BE-50,
Bureau of Economic Analysis, U.S. Department of Commerce, Washington, pc 20230, or
call 202-606-9804,
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 cheek to the Superintendent of Documents or charge to a
GPO deposit account, to Visaj or to MasterCard.
National Income and Product Accounts of the United States, 1929-94,
(1998) This two-volume set presents the estimates of the national income
and product accounts (NIPA'S) that reflect the most recent comprehensive
revision and the 1997 annual revision. The text describes the definitions
and classifications that underlie the NIPA'S and the statistical conventions
used in the NIPA'S; an appendix lists the principal source data and methods
that are used in preparing the estimates. $58.00, stock no. 003-010-00272-
'£
r
" [
'
'
Benchmark Input-Output Accounts of the United States, 1992, (1998)
This publication presents the summary and detailed make and use tables for
industries and commodities and the total output multipliers for 1992 for the
U.S. economy. It includes a discussion of the concepts and classifications
underlying the accounts, the methods used to prepare the accounts, and the
uses of the accounts. It also includes appendixes that present the measures
of output and of the commodity composition of personal consumption
expenditures by type and of purchases ofproducers5 durable equipment by
type in the national income and product accounts. $40.00, stock no.
063-010-00275-1.
Regional Multipliers: A User Handbook for the Regional Input-Output
Modeling System (RIMS n), Third Edition. (1997) This handbook describes
thefivetypes ofRIMS U 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 II multipliers to analyze
the economic and industrial impact of public and private projects and
programs oh State andlbcal areas. The handbook also includes case studies
that illustrate the uses of the RIMS II multipliers and a description of the
methodology that the Bureau; of Economic Analysis uses to estimate the
multipliers. $6.00, stock no. 003^-010^00264-6.
Foreign Direct Investment in the United States? 1992 Benchmark Survey, Final Results. (1995) Presents detailed data on the financial structure
and operations of US. affiliates of foreign direct investors, on the foreign
direct investment position in the United States, aiid on the balance-ofpayments transactions between US. 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 comprehensive
benchmark surveys. The data are classified by industry of affiliate and by
country of ultimate beneficial owner, and selected data are classified by
State, The text describes the coverage, the concepts and definitions, and
the classifications used in the survey. $20.00, stock no. 003-010-00259-0.
Foreign Direct Investment nx the United States: Operations of U.S.
Affiliates of Foreign Companies. (1998) Two publications: One presents
the revised estimates for 1995, and the other, the preliminary estimates
for 1996 from BEA'S annual surveys of the financial structure and operations of noilbank U.S. affiliates of foreign direct investors. The estimates
are presented by industry of the U.S. affiliate arid by country of tlie
ultimate beneficial owner (UBO) and for selected estimates, by industry
of UBG and by State* Revised 1995 Estimates, $9*50, stock no. 003-01000274-3; Preliminary; 1996 Estimates, $9.50, stock no, 003-010-00273^5.
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,
arid shipments or sales of foreign-owned U.S. establishmentsin more
than 800 industries at the Standard Industrial Classification fourdigit 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. $28.00, stock no. 003010-00265-4.
U.S. Direct Investment Abroad; 1994 Benchmark Survey, Final Results.
(1998) This publication presents the data on the worldwide operations of U.S.
multinational companies in 1994 from the most recent comprehensive
survey of U.S. direct investment abroad It contains 243 tables that present
data on thefinancialstructure and operations ofU.S. parent companies and
their foreign affiliates and data on the direct investment position and balance
of payments between the parents and their affiliate The data are presented
by industry of the parent and by industry and country of the affiliate. The
text describes the coverage, the definitions and concepts, and the classifications used in the survey. $37.00, stock no. 003-010-00271-9.
U.S. Direct Investment Abroad: Operations of U.S. Parent Companies and Their Foreign Affiliates. (1998) Two publications: One presents the revised estimates for 1995, and the other, the preliminary
estimates for 1996 from the annual surveys of the worldwide operations
of U.S. multinational companies. Each publication presents data on
the financial structure and operations of U.S. parent companies and
their foreign afSliates by industry of the parent and by industry and
country of the affiliate. Revised 1995 Estimates, $11.00, stock no. 003—
010-00276-0; Preliminary 1996 Estimates, $11.00, stock no. 003-01000277-8.
UNITED STATES
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Schedule of Upcoming BEA News Releases
Subject
Release
Date
U.S. International Trade in Goods and Services, December 1998
Gross Domestic Product, 4th quarter 1998 (preliminary)
* Feb. 19
Feb. 26
Personal Income and Outlays, January 1999
U.S. International Transactions, 4th quarter 1998
U.S. International Trade in Goods and Services, January 1999
Gross Domestic Product, 4th quarter 1998 (final) and Corporate Profits, 4th quarter 1998
Mar. 1
Mar. 11
* Mar. 18
Mar. 31
Personal Income and Outlays, February 1999
U.S. International Trade in Goods and Services, February 1999
State Personal Income, 4th quarter 1998 and Per Capita Personal Income, 1998 (preliminary)
Gross Domestic Product, 1st quarter 1999 (advance)
Apr. 1
* Apr. 20
Apr. 27
Apr. 30
Personal Income and Outlays, March 1999.,
Metropolitan Area Personal Income, 1997
U.S. International Trade in Goods and Services, March 1999
Gross Domestic Product, 1st quarter 1999 (preliminary) and Corporate Profits, 1st quarter 1999
(preliminary).
Personal Income and Outlays, April 1999
May 3
May 6
* May 20
May 27
* 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 28
@FedFRASER