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FEBRUARY 2 0 0 3
Survey of C urrent B usiness
In This Issue . . .
BEA's International Accoun ts
State Personal Income, 2002:111
BUREAU OF ECONOMIC ANALYSIS
ECONOMICS AND STATISTICS ADMINISTRATION
U.S. DEPARTMENT OF COMMERCE
U.S. Department of Commerce
Donald L. Evans, Secretary
Economics and Statistics Administration
Kathleen B. Cooper, Under Secretary fo r Economic Affairs
Bureau of Economic Analysis
J. Steven Landefeld, Director
Rosemary D. Marcuss, Deputy Director
Dennis J. Fixler, Chief Statistician
Barbara M. Fraumeni, Chief Economist
Suzette Kern, Associate Director for Management
and Chief Administrative Officer
Ralph Kozlow, Associate Director for International Economics
Alan C. Lorish, Jr., Chief Information Officer
Brent R. Moulton, Associate Director for National
Economic Accounts
Sumiye Okubo, Associate Director for Industry Accounts
John W. Ruser, Associate Director for Regional Economics
BEA Advisory Committee
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Editor-in-Chief: Douglas R. Fox
Production Manager: Delores J. Barber
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This issue went to the printer on Febuary 12, 2003.
It incorporates data from the following monthly BEA
news releases:
U.S. International Trade in Goods and
Services (January 17),
Gross Domestic Product (January 30), and
Personal Incom e and Outlays (January 31).
S u r v ey
of
C u r r en t B usiness
F eb ru ary 2 0 0 3
V o lu m e 8 3 • N u m b e r 2
1 B u s in e s s S itu a tio n : A d v a n c e E s tim a te s fo r th e F o u rth Q u a rte r o f
2002
The irregular pattern of U.S. economic growth continued in the fourth quarter
of 2002: Real GDP increased 0.7 percent after increases of 4.0 percent in the third
quarter, 1.3 percent in the second quarter, and 5.0 percent in the first quarter. The
fourth-quarter deceleration reflected a slowdown in consumer spending and
downturns in inventory investment and exports. U.S. inflation stepped up but
remained in the moderate range: The price index for gross domestic purchases
increased 1.8 percent after increasing 1.2 percent in the third quarter.
7 B E A ’s In te rn a tio n a l A c c o u n ts
BEA’s international accounts present estimates of the transactions between U.S.
and foreign residents and estimates of the value of accumulated stocks of U.S.owned assets abroad and of foreign-owned assets in the United States. BEA also
collects, processes, and provides comprehensive data on international services and
on U.S. direct investment abroad and foreign direct investment in the United
States. In addition, BEA conducts a variety of research and analytical activities in
support of the international accounts.
29 P e rs o n a l In c o m e by S ta te , T h ird Q u a rte r 2 0 0 2
The growth in personal income for the Nation slowed to 0.9 percent in the third
quarter of 2002 from 1.2 percent in the second quarter. In half of the States,
personal income grew at least as fast in the third quarter as in the second, but
several large States— including California, New York, Texas, and Illinois— were
among the States whose growth slowed in the third quarter. Growth ranged from
1.5 percent in Montana to 0.5 percent in Michigan.
ii
D -1 B E A C u rre n t a n d H is to ric a l D a ta
Inside back cover: BEA W eb Site and BEA Contacts
Back cover: Schedule of Upcom ing New s R eleases
February 2003
1
February 2003
Business Situation
Advance Estimates for the Fourth Quarter of 2002
The deceleration in real GDP reflected a slowdown
in consumer spending and downturns in inventory in
vestment and exports.
• Consumer spending increased only 1.0 percent, its
smallest increase since early 1993.2 It contributed
only 0.67 percentage point to the growth of real
GDP in the fourth quarter after contributing 2.93
percentage points in the third (table 2). Purchases of
autos and trucks decreased sharply after surging in
the third quarter in response to aggressive salesincentive programs that included zero-rate financ
ing and generous rebates.
• Inventory accumulation slowed, subtracting 0.56
percentage point from fourth-quarter GDP growth.
In the third quarter, a step-up in accumulation had
added 0.58 percentage point.
HE U.S. economy grew slowly in the fourth quar
ter of 2002, according to the “advance” estimates
of the national income and product accounts (NIPA’s).
Production, purchases, and income increased less than
in the third quarter. Prices increased somewhat more.
• Real gross domestic product (GDP) increased 0.7
percent after increasing 4.0 percent (table 1 and
chart l) .1
• Gross domestic purchases slowed to a 1.4-percent
increase after increasing 3.9 percent.
• Real disposable personal income increased 2.6 per
cent after increasing 3.1 percent.
•The price index for gross domestic purchases rose
1.8 percent after rising 1.2 percent.
T
1. Quarterly estimates in the NIPA’s are expressed at seasonally adjusted
annual rates, unless otherwise specified. Quarter-to-quarter dollar changes
are differences between these published estimates. Percent changes are cal
culated from unrounded data and annualized. “Real” estimates are in
2. In this article, “consumer spending” is shorthand for the NIPA series
chained (1996) dollars, and price indexes are chain-type measures.
“personal consumption expenditures,” “government spending” is short
hand for “government consumption expenditures and gross investment,”
and “inventory investment” is shorthand for “change in private invento
ries.”
This article was prepared by Daniel Larkins.
Table 1. Change in Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Change from preceding period; quarterly estim ates seasonally adjusted at annual rates]
Percent
Billions of chained (1996) dollars
2002
2001
2002
2002
2001
II
I
III
2002
I
IV
II
IV
III
Gross domestic product.....................................
23.1
221.6
114.4
29.2
93.2
17.6
0.3
2.4
5.0
1.3
4.0
0.7
Less: Exports of goods and services..................
Plus: Imports of goods and services....................
-61.1
-44.0
-14.4
51.9
8.8
29.9
34.9
75.8
12.2
12.8
-4.7
14.2
-5.4
-2.9
-1.3
3.5
3.5
8.5
14.3
22.2
4.6
3.3
-1.7
3.7
0.4
2.9
5.6
2.6
3.9
1.4
39.5
279.9
132.9
62.6
93.9
33.9
-126.4
60.9
69.5
33.8
13.9
-15.5
Equals: Final sales to domestic purchasers..
154.2
225.1
72.1
31.6
80.1
47.3
1.6
2.3
3.0
1.3
3.3
1.9
Personal consumption expenditures...............
Durable goods................................................
Nondurable goods.........................................
Services..........................................................
153.3
53.0
36.0
70.4
195.8
68.6
58.2
78.7
49.8
-16.1
36.4
25.6
28.6
4.8
-0.5
24.0
67.5
51.7
4.9
20.8
15.8
-19.5
18.4
12.1
2.5
6.0
2.0
2.0
3.1
7.4
3.1
2.2
3.1
-6.3
7.9
2.9
1.8
2.0
-0.1
2.7
4.2
22.8
1.0
2.3
1.0
-7.3
3.9
1.3
Private fixed investment....................................
Nonresidential................................................
Structures...................................................
Equipment and software..........................
Residential......................................................
-64.5
-69.1
-4.6
-67.8
1.1
-51.3
-72.3
-44.4
-17.8
14.1
-2.0
-18.0
-9.5
-6.6
12.6
-3.8
-7.3
-11.5
7.7
2.5
-1.0
-2.4
-13.5
15.8
1.0
12.0
4.5
-5.3
12.1
6.5
-3.8
-5.2
-1.7
-6.4
0.3
-3.2
-5.8
-16.4
-1.8
3.8
-0.5
-5.8
-14.2
-2.7
14.2
-1.0
-2.4
-17.6
3.3
2.7
-0.3
-0.8
-21.4
6.7
1.1
3.1
1.5
-9.3
5.0
6.8
Government consumption expenditures and
gross investment............................................
Federal............................................................
National defense.......................................
Nondefense................................................
State and local...............................................
57.9
26.2
17.3
8.8
32.0
72.4
42.3
34.0
8.6
30.6
22.8
10.6
10.5
0.2
12.2
6.0
10.9
7.3
3.6
-4.6
12.3
6.4
6.7
-0.2
5.9
19.5
15.1
10.8
4.3
4.7
3.7
4.8
5.0
4.5
3.1
4.4
7.4
9.3
4.2
2.9
5.6
7.4
11.6
0.4
4.6
1.4
7.5
7.8
6.9
-1.7
2.9
4.3
6.9
-0.3
2.2
4.6
10.1
11.2
8.3
1.7
137.3
167.2
54.5
-1.5
79.3
31.0
1.5
1.8
2.4
-0.1
3.4
1.3
Equals: Gross domestic purchases................
Addendum: Final sales of domestic product
Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the
1996 cunent-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 conesponding chained-dollar estimates usually are
not additive. Chained (1996) dollar levels and residuals, which measure the extent of nonadditivity in each
N o te.
table, are shown in NIPA tables 1.2,1.4, and 1.6. Percent changes are calculated from unrounded data. Percent
changes in major aggregates are shown in NIPA table S.1 (See “Selected NIPA Tables," which begins on page
D-2 in this issue.)
February 2003
Business Situation
2
• Exports decreased after increasing. Imports (which in nonresidential fixed investment.
• Federal Government spending increased more than
are subtracted in the calculation of GDP) increased
twice as much as in the third quarter; it added 0.65
about as much in the fourth quarter as in the third.3
percentage point to fourth-quarter growth after
The dampening effects of consumer spending, in
adding 0.29 percentage point to third-quarter
ventory investment, and exports on GDP growth were
growth. Defense spending accelerated, and nonde
partly offset by step-ups in Federal Government
fense spending turned up.
spending and residential investment and by an upturn
• Residential investment increased substantially more
than in the third quarter. The increase was the
3. Imports of goods and services are included in gross domestic purchases
but not in GDP. Exports of goods and services are included in GDP but not
fourth in a row.
in gross domestic purchases.
• Nonresidential fixed investment registered a small
increase after eight consecutive quarterly declines—
declines that became progressively smaller in the
Chart 1. Selected Measures: Change from
first three quarters of 2002. In the fourth quarter,
Preceding Quarter
structures decreased much less than in the third.
Percent
The advance estimates for the fourth quarter also
10
REAL GROSS DOM ESTIC PRODUCT
Table 2. Contributions to Percent Change in Real Gross Domestic
Product
[Q uarterly estim ates seasonally adjusted at annual rates]
2002
2001
-5
2002
I
III
IV
Percent change at annual rate:
Gross domestic product.......................
0.3
2.4
5.0
1.3
4.0
0.7
Percentage points at annual rates:
Personal consumption expenditures.......
Durable g oo d s......................................
Nondurable goods................................
Services.................................................
1.67
0.48
0.39
0.80
2.12
0.60
0.62
0.89
2.22
-0.55
1.57
1.20
1.22
0.16
-0.02
1.08
2.93
1.74
0.22
0.97
0.67
-0.64
0.77
0.55
Gross private domestic investment.........
Fixed investment...................................
Nonresidential...................................
Structures.....................................
Equipment and software.............
Residential........................................
Change in private inventories.............
-1.90
-0.65
-0.66
-0.05
-0.61
0.01
-1.24
0.08
-0.51
-0.68
-0.52
-0.16
0.17
0.60
2.53
-0.07
-0.66
-0.44
-0.22
0.60
2.60
1.16
-0.15
-0.27
-0.53
0.26
0.12
1.31
0.55
-0.03
-0.08
-0.62
0.53
0.05
0.58
-0.10
0.46
0.16
-0.24
0.40
0.30
-0.56
Net exports of goods and services.........
Exports..................................................
G oods................................................
Services.............................................
Imports....................................................
Goods................................................
Services.............................................
-0.18
-0.59
-0.47
-0.13
0.42
0.40
0.01
-0.61
-0.14
-0.24
0.10
-0.47
-0.40
-0.07
-0.75
0.33
-0.23
0.56
-1.08
-0.40
-0.68
-1.40
1.29
0.99
0.30
-2.69
-2.74
0.05
-0.01
0.45
0.28
0.17
-0.47
-0.40
-0.07
-0.68
-0.17
-0.47
0.30
-0.51
-0.31
-0.20
Government consumption expenditures
and gross investment...........................
Federal....................................................
National defense...............................
Nondefense......................................
State and local......................................
0.65
0.29
0.19
0.10
0.36
0.81
0.47
0.37
0.10
0.35
1.04
0.47
0.46
0.01
0.56
0.27
0.47
0.32
0.16
-0.21
0.56
0.29
0.29
-0.01
0.27
0.86
0.65
0.46
0.19
0.21
GROSS DO M ESTIC PURCHASES PRICE INDEX
2002
1999
2000
2001
Note. Percent change at annual rate from preceding quarter;
based on seasonally adjusted estimates.
II
N ote. More detailed contributions to percent change in real gross domestic product are shown in NIPA table
5.2. Contributions to percent change in major components of real gross domestic product are shown in tables
J.3 through 8.6.
U.S. Bureau of Economic Analysis
Table 3. Change in Real Gross Domestic Product by Type of Product
[Change from preceding period; quarterly estim ates seasonally adjusted at annual rates]
Billions of chained (1996) dollars
Percent
2002
2001
2002
2002
2001
II
I
III
2002
1
IV
II
III
IV
Gross domestic product.......................................................
23.1
221.6
114.4
29.2
93.2
17.6
0.3
2.4
5.0
1.3
4.0
0.7
Goods....................................................................................
Services................................................................................
Structures..............................................................................
-84.4
97.5
-0.8
117.9
132.3
-22.4
72.6
34.1
11.6
3.6
42.3
-17.2
80.4
30.9
-10.9
-23.9
33.1
3.6
-2.3
2.1
-0.1
3.3
2.7
-2.8
8.3
2.8
6.1
0.4
3.5
-8.4
9.0
2.5
-5.5
-2.5
2.7
1.9
Addenda:
Motor vehicle output............................................................
Gross domestic product less motor vehicle output..........
-20.6
41.8
40.6
184.7
7.9
106.9
6.7
23.3
28.5
67.9
-13.1
29.0
-6.1
0.5
12.8
2.1
9.9
4.9
8.1
1.0
37.1
3.0
-13.3
1.3
9.1
0.2
13.0
2.3
-7.8
5.1
13.1
1.2
78.5
3.6
26.6
0.6
Gross domestic product less final sales of computers....
N ote.
See note to table 1 for an explanation of chained (1996) dollar series. Chained (1996) dollar levels and residuals for most items are shown in NIPA table 1.4. Detail on motor vehicle output is shown in NIPA table 8.9B.
February 2003
Survey
of
3
C u r r e n t B u sin ess
show the following:
• The deceleration in GDP growth can be attributed
to a downturn in the production o f goods (table 3).
In contrast, the construction o f structures turned
up, and the production o f services increased about
as much as in the third quarter.
• Real m otor vehicle output decreased 13.3 percent
after jum ping 37.1 percent. GDP less m otor vehicle
output increased 1.3 percent after increasing 3.0
percent.
• Real final sales o f computers increased 26.6 percent
after surging 78.5 percent. Computer prices
decreased a little less than in the third quarter.
• Final sales o f domestic product— GDP less inven
tory investment— increased 1.3 percent after
increasing 3.4 percent.
• The personal saving rate increased to 4.3 percent
from 3.8 percent.4
4. The personal saving rate is measured as personal saving as a percentage
of current-dollar disposable personal income. The fourth-quarter estimate
of the national saving rate (which is measured as gross saving as a percent
age of gross national product) will be available at the end of March along
with the “final” estimates of fourth-quarter GDR
Fourth-Quarter 2002 Advance NIPA Estimates: Source Data and Assum ptions
The “advance” estimate for the fourth quarter is based on
the following major source data; as more and better data
become available, the estimates will be revised. (The
number of months for which data were available is
shown in parentheses.)
Personal consumption expenditures: Sales of retail stores
(3), unit auto and truck sales (3), and consumers’ shares
of auto and truck sales (2);
Nonresidential fixed investment: Unit auto and truck
sales (3), construction put in place (2), manufacturers’
shipments of machinery and equipment other than air
craft (3), shipments of civilian aircraft (2), and exports
and imports of machinery and equipment (2);
Residential investment: Construction put in place (2),
single-family housing starts (3), sales of new houses (3),
and sales of existing houses (3);
Change in private inventories: Trade and nondurable
manufacturing inventories (2), durable manufacturing
inventories other than semiconductors (3), and unit auto
and truck inventories (3);
Net exports o f goods and services: Exports and imports of
goods and services (2);
Government consumption expenditures and gross invest
ment: Some Federal outlays were available for 2 months,
others for 3, State and local construction put in place (2),
and State and local employment (3);
GDP prices: Consumer price indexes (3), producer price
indexes (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 list is available on BEA’s Web site at
< www.bea.gov>.
Table A. Summary of Major Data Assumptions for Advance Estimates, 2002:1V
[Billions of dollars, seasonally adjusted at annual rates]
2002
August
July
September
October
November
December1
Private fixed investment:
Nonresidential structures:
Buildings:
Value of new nonresidential construction put in place.............................................................
163.7
159.8
156.5
158.9
158.7
158.9
Equipment and software:
Manufacturers' shipments of complete aircraft..............................................................................
38.6
28.6
31.9
32.2
31.1
23.1
Residential structures:
Value of new residential construction put in place:.......................................................................
1-unit structures............................................................................................................................
2-unit-or-more................................................................................................................................
261.8
33.4
259.3
33.4
263.8
33.0
267.1
32.0
271.3
32.1
274.2
32.5
Change in private inventories:
Change in inventories for nondurable manufacturing....................................................................
Change in inventories for merchant wholesale and retail industries other than motor vehicles
and equipment...............................................................................................................................
10.2
10.9
16.4
2.0
-7.3
-2.2
31.0
12.4
26.3
-34.4
14.7
-5.1
Net exports:2
Exports of goods:
U.S. exports of goods, international-transactions-accounts basis.............................................
Excluding g old ...............................................................................................................................
Imports of goods:
U.S. imports of goods, international-transactions-accounts basis.............................................
Excluding g o ld ...............................................................................................................................
Net exports of goods..............................................................................................................................
Excluding gold....................................................................................................................................
709.3
705.3
699.3
696.0
699.2
695.7
688.4
684.9
695.6
691.3
691.8
688.2
1,177.7
1,174.6
-468.4
-469.3
1,207.4
1,204.3
-508.0
-508.3
1,194.8
1,191.9
-495.6
-496.3
1,163.1
1,159.4
-474.7
-474.5
1,227.5
1,224.6
-531.9
-533.3
1,224.0
1,220.4
-532.2
-532.2
Government:
State and local:
Structures:
Value of new construction put in place.......................................................................................
185.8
186.4
190.5
187.9
191.9
189.9
1. Assumption.
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.
Business Situation
4
February 2003
P rice s
Inflation stepped up somewhat in the fourth quarter.
The price index for gross domestic purchases, which
measures the prices o f goods and services purchased by
U.S. residents, increased 1.8 percent after increasing
1.2 percent (table 4). The acceleration partly reflected
step-ups in food and energy prices; excluding these
items, the price index increased 1.4 percent after in
creasing 1.2 percent (chart 2).
Prices o f goods and services purchased by consum
ers increased 1.9 percent after increasing 1.7 percent.
The small step-up was more than accounted for by ac
celerations in food and energy prices; prices o f other
consumer purchases increased less than in the third
quarter (1.5 percent versus 1.8 percent). The accelera
tion in energy prices mainly reflected a step-up in the
price o f gasoline and oil, but prices o f other energy
products (“electricity and gas” and “fuel oil and coal”)
also contributed.
Prices paid by government increased 1.7 percent, a
little more than in the third quarter. A step-up in
prices paid by State and local governments was partly
offset by a slowdown in prices paid by the Federal Gov
ernment.
Prices o f private nonresidential fixed investment in
creased after five consecutive quarterly decreases. An
increase in the price o f structures more than offset a
small decrease in the price o f equipment and software.
Prices o f inform ation processing equipment and soft
ware decreased at about the average rate o f the past 3
years. However, prices o f transportation equipment
swung up sharply, mainly because o f an upturn in m o
tor vehicle prices. The increase in prices o f transporta
tion equipment was the largest since 1986; the thirdquarter drop had been the largest since 1972. Prices of
residential investment increased after no change.
The GDP price index, which measures the prices
paid for goods and services produced in the United
States, increased 1.8 percent in the fourth quarter, the
same as the price index for gross domestic purchases.
Table 4. Price Indexes
[Percent change at annual rates; q uarterly estim ates based on seasonally adjusted index
num bers (1996=100)]
2002
2001
2002
I
II
III
IV
Gross dom estic p ro d u c t...........................
2.4
1.1
1.3
1.2
1.0
1.8
Less: Exports of goods and services..........
Plus: Imports of goods and services...........
-0.8
-2.9
-0.2
0.3
-0.8
-1.6
3.0
11.1
3.5
4.4
0.8
1.4
1.9
1.2
1.2
2.3
1.2
1.8
Equals: Gross dom estic purchases
Less: Change in private inventories............
Chart 2. Gross Domestic Purchases Prices:
Change From Preceding Quarter
Percent
■ Total
1 Less Food and Energy
2
ilillllbluvlii
1999
2000
2001
Note-Percent change at annual rate from preceding quarter;
based on seasonally adjusted index numbers (1996=100).
U.S. Bureau of Economic Analysis
2002
Equals: Final sales to domestic purchasers
1.9
1.2
1.1
2.3
1.3
1.8
Personal consumption expenditures.......
Durable goods......................................
Nondurable goods................................
Services.................................................
2.0
-1.9
1.5
3.1
1.4
-2.8
0.4
2.7
1.1
-4.2
0.2
2.7
2.7
-2.9
4.6
3.0
1.7
-1.9
0.6
3.0
1.9
-2.2
1.6
3.0
Private fixed investment...........................
Nonresidential.......................................
Structures..........................................
Equipment and software..................
Residential.............................................
1.2
0.2
5.0
-1.5
4.1
-0.4
-1.4
-0.7
-1.6
2.0
-1.5
-2.0
-3.6
-1.5
0.0
-0.2
-1.4
0.7
-2.1
3
-0.9
-1.3
0.4
-1.9
0.0
1.4
0.4
2.1
-0.2
4.0
Government consumption expenditures
and gross investment...........................
Federal...................................................
National defense..............................
Nondefense......................................
State and local......................................
2.4
1.7
1.6
1.9
2.7
1.7
2.8
2.4
3.5
1.1
3.6
8.4
7.3
10.4
1.1
2.8
2.3
2.0
2.9
3.1
1.4
1.3
1.5
1.0
1.5
1.7
0.6
1.2
-0.4
2.2
3.0
2.3
1.8
1.9
-6.3
1.4
2.4
-8.7
1.4
0.4
29.9
1.5
0.7
3.8
1.2
1.7
12.0
1.4
3.0
2.8
1.8
2.0
-6.1
1.5
2.4
-9.1
1.4
0.5
29.6
1.9
0.9
3.3
1.8
1.7
10.5
1.5
Addenda:
Gross domestic purchases:
Food........................................................
E nergy...................................................
Less food and energy..........................
Personal consumption expenditures:.....
Food........................................................
Energy goods and services1..............
Less food and energy..........................
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
N o t e . Percent changes in major aggregates are shown in NIPA table 8.1. Index numbers are shown in tables
7.1,7.2, and 7.4.
February 2003
Su r v e y
of
5
C u r r e n t B u sin ess
P e rs o n a l In c o m e
The growth of personal income stepped up in the
fourth quarter, but the growth of disposable personal
income slowed. In the third quarter, tax payments had
fallen, boosting disposable income; in the fourth quar
ter, tax payments changed little.
Personal income, which is measured only in current
dollars, increased $88.3 billion (or 4.0 percent) after
increasing $79.3 billion (3.6 percent) (table 5). The
larger fourth-quarter increase reflected step-ups in
nonfarm proprietors’ income and in wage and salary
disbursements of service and distributive industries. In
addition, transfer payments increased a little more
than in the third quarter; the fourth-quarter increase
included $2.0 billion in retroactive social security pay
ments.5
These accelerations were partly offset by changes in
5. These payments result when the Social Security Administration recal
culates benefits of recent retirees on the basis of updated information on
the earnings base.
farm proprietors’ income, which increased less in the
fourth quarter than in the third, and in personal inter
est income, which decreased more in the fourth quar
ter than in the third. The deceleration in farm
proprietors’ income reflected, at least in part, a down
turn in crop prices. The weakness in interest income
reflected a slowdown in the accumulation of interestbearing assets.
Personal tax and nontax payments decreased
slightly in the fourth quarter after a bigger drop in the
third quarter. The smaller fourth-quarter decrease was
more than accounted for by Federal taxes and prima
rily reflected the pattern of nonwithheld tax collec
tions.
Current-dollar disposable personal income (DPI)
slowed to a 4.6-percent increase in the fourth quarter
after increasing 4.9 percent in the third. Real DPI
slowed to a 2.6-percent increase after increasing 3.1
percent (chart 3).
Table 5. Personal Income and Its Disposition
[Billions of dollars; q uarterly estim ates seasonally adjusted at annual rates]
Change from preceding period
Level
2002
2002
2002
2001
2002
IV
II
I
Wage and salary disbursements..........................................................
Private industries...............................................................................
Goods-producing industries
Manufacturing
Distributive industries
Service industries
Government...........
5,023.9
4,171.0
1,123.1
764.5
1,118.9
1,929.0
852.9
5,096.7
4,231.0
1,128.1
766.1
1,129.9
1,973.1
865.7
114.3
72.4
-21.3
-40.0
14.4
79.3
41.9
73.3
31.2
-19.3
-24.9
9.7
40.8
42.1
26.4
11.2
-6.4
-10.5
11.5
6.1
15.2
Other labor income.................................................................................
610.8
630.9
26.2
40.4
Proprietors’ income with IVA and CCAdj.............................................
Farm....................................................................................................
Nonfarm ..............................................................................................
756.9
12.7
744.2
772.9
10.9
761.9
13.1
-3.6
16.6
29.0
-6.3
35.4
Rental income of persons with CCAdj.................................................
Personal dividend income.....................................................................
Personal interest income.......................................................................
143.9
433.8
1,077.3
136.7
443.8
1,076.1
-8.7
33.5
14.3
Transfer payments to persons..............................................................
1,287.1
1,315.4
Less: Personal contributions for social insurance..............................
385.5
391.0
Personal incom e.......................................................................................
8,948.1
9,081.6
IV
III
39.5
31.5
4.4
5.9
5.2
22.0
8.0
46.3
37.6
4.7
1.7
5.0
27.8
8.7
53.1
44.5
2.1
-0.9
9.6
32.9
8.6
14.5
13.3
13.4
13.4
17.1
2.5
14.6
-0.9
-14.2
13.3
11.2
3.2
8.0
14.2
0.2
13.9
6.0
24.6
-14.0
2.0
6.4
-3.0
12.2
6.6
12.4
-9.4
7.0
-1.6
-7.4
6.5
-4.6
100.1
116.7
47.0
30.6
15.8
17.0
13.9
13.2
7.8
3.1
3.4
4.0
278.7
262.8
102.5
110.6
79.3
88.3
Less: Personal tax and nontax payments................................................
1,118.1
1,106.6
5.7
-174.0
-172.9
-15.0
-14.5
-0.7
Equals: Disposable personal income.......................................................
7,830.0
7,975.0
273.0
436.8
275.5
125.5
93.8
89.0
Less: Personal outlays...............................................................................
7,521.7
7,629.6
304.9
298.2
66.7
81.6
105.1
46.6
Equals: Personal saving............................................................................
308.2
345.3
-31.8
138.5
208.9
43.9
-11.3
42.3
9.0
2.3
8.4
-0.5
0.6
0.3
0.0
-0.2
0.0
-1.0
2.0
13.3
-1.8
12.8
0.0
0.0
0.0
0.0
2.0
-0.2
0.0
-0.5
0.1
-0.1
0.0
-42.9
0.0
-42.6
-0.2
-0.3
0.2
0.0
1.0
0.0
0.1
Addenda: Special factors in personal income:
In government wages and salaries:
In transfer payments to persons:
Cost-of-living adjustments in Federal transfer programs..............
Correction for error in indexing for social security and
supplemental security income benefits......................................
In personal tax and nontax payments:
Refunds and State tax law changes................................................
Note. Most dollar levels are in NIPA table 2.1.
IVA Inventory valuation adjustment.
CCAdj Capital consumption adjustment.
Business Situation
6
February 2003
T h e Year 2002
In 2002, production and purchases increased consider
ably more than in 2001, but they increased less than
was typical during the expansion of the 1990s. Real
DPI also increased more than in 2001— and more than
during the 1990s. Inflation slowed.
Real GDP increased 2.4 percent in 2002 after in
creasing 0.3 percent in 2001 (table l).6 Real gross do
mestic purchases accelerated more, increasing 2.9
percent after increasing 0.4 percent. The 2002 increases
were about a percentage point lower than the average
growth rates of these measures during the expansion of
6. The 2002 increase is calculated from annual levels for 2001 and 2002.
From the fourth quarter of 2001 to the fourth quarter of 2002, real GDP
increased 2.8 percent, real DPI increased 5.9 percent, and the price index
for gross domestic purchases increased 1.6 percent.
Chart 3. Selected Personal Income and Saving
Measures
Billion $
300
CHANGE IN PERSONAL INCOME
CHANGE IN REAL DISPOSABLE PERSONAL INCOM E
10
I . .
I..
I . . I .
.1
■
-10
Percent
PERSONAL SAVING RATE
. 1
. 1
. 1
. 1
i . l
.
1
■
II
iH
I
I
h
i i
111
-5
1999
2000
2001
Note. Changes are from preceding quarter; based on
rates.
U.S. Bureau of Economic Analysis
2002
the 1990s.7
Inventory investment was the largest contributor to
the step-up in GDP; it added 0.60 percentage point to
GDP growth in 2002 after subtracting 1.24 percentage
points in 2001 (table 2). The negative contribution in
2001 had reflected a swing from inventory accumula
tion to inventory liquidation; the positive contribution
in 2002 reflected a virtual cessation of the liquidation.
Consumer spending increased 3.1 percent in 2002
year after increasing 2.5 percent in 2001. Spending on
durable goods, nondurable goods, and services all in
creased more than in 2001. Consumer spending con
tributed 2.12 percentage points to growth in 2002, 0.45
percentage point more than in 2001.
Government spending also increased more than in
2001. Federal Government spending on national de
fense more than accounted for the step-up.
Nonresidential fixed investment was weak again in
2002, falling 5.8 percent and subtracting 0.68 percent
age point from GDP growth. It had fallen a compara
ble amount in 2001. In 2002, investment in structures
was mainly responsible for the decrease; in 2001, in
vestment in equipment and software had mainly been
responsible.
Exports decreased less than in 2001, and imports
turned up. The net effect was to subtract more from
GDP growth in 2002 than in 2001.
The price index for gross domestic purchases in
creased 1.2 percent after increasing 1.9 percent (table
4). The slowdown partly reflected a downturn in en
ergy prices and a deceleration in food prices. In addi
tion, prices of investment in nonresidential structures
turned down, and prices of residential investment and
prices paid by State and local governments decelerated.
Real DPI increased 4.5 percent in 2002, more than
twice as much as in 2001 and more than its 3.1-percent
average rate of growth in the 1990s. The acceleration
reflected a step-up in current-dollar DPI and a deceler
ation in the prices of goods and services purchased by
consumers (tables 4 and 5). The step-up in currentdollar DPI, in turn, mirrored a downturn in personal
tax and nontax payments that partly resulted from the
Economic Growth and Tax Relief Reconciliation Act of
2001. The personal saving rate increased to 3.9 percent
from 2.3 percent.
annual
7. From the trough of the recession in the first quarter of 1991 to the peak
in the fourth quarter of 2000, real GDP increased at an average annual rate
of 3.5 percent, and real gross domestic purchases increased 3.9 percent.
7
February 2003
The following is a reprint of a set of fliers that present an overview
of the principal statistics prepared by BEA’s international econom
ics program.
U.S. Department of Commerce
m
B E A ’s International Accounts
he Bureau of Economic Analysis prepares and
publishes estimates of transactions between U.S.
and foreign residents and of the value of accumulated
stocks of U.S.-owned assets abroad and of foreignowned assets in the United States. These estimates are
presented in the international transactions accounts
and the international investment position accounts. In
addition, the Bureau has work programs devoted to
international services, to direct investment, and to
research and analysis.
T
International transactions accounts
The international transactions accounts are a quarterly
statistical summary of transactions between U.S. and
foreign residents organized into three major catego
ries: The current account, the capital account, and the
financial account. The current account includes ex
ports and imports of goods, services, income, and cur
rent transfers. The capital account includes capital
transfers, such as debt forgiveness. The financial ac
count includes transactions for official assets, for U.S.
Government assets other than official reserve assets,
for direct investment, for portfolio investment, and for
other investment.
International investm ent position accounts
The international investment position is an annual sta
tistical summary of the value of accumulated stocks of
U.S.-owned assets abroad and of foreign-owned assets
in the United States, as well as the value of the net in
ternational investment position of the United States.
Two alternative official measures of the international
investment position are presented, one with direct in
vestment recorded at current cost, and the other with
direct investment recorded at market value. Separate
estimates are available for the value of accumulated
stocks of official assets, of U.S. Government assets
other than official reserve assets, of direct investment,
of portfolio investment, and of other investment.
k
Bureau of Economic Analysis
International services
The Bureau provides annual statistical detail on U.S.
cross-border exports and imports of private services
and on sales of services by nonbank majority-owned
U.S. and foreign affiliates of multinational companies.
U.S. cross-border exports and imports are transactions
between U.S. and foreign residents; they represent in
ternational trade in the conventional sense and are
recorded, in summary form, in the international trans
actions accounts. Sales of services to foreign residents
by foreign affiliates of U.S. companies and purchases
by U.S. residents from U.S. affiliates of foreign compa
nies are not recorded in the U.S. international transac
tions accounts, because these transactions are not
between U.S. and foreign residents. (However, they are
reflected in an ownership-based framework of the U.S.
current account, which the Bureau publishes
periodically.)
Direct investm ent
The Bureau produces comprehensive data on U.S. di
rect investment abroad and foreign direct investment
in the United States that are essential to the compila
tion of the U.S. economic accounts and for the analysis
of multinational companies. For both types of invest
ment, data are provided on transactions between par
ent companies and their affiliates, on direct investment
positions (stocks), and on the financial and operating
characteristics of the firms involved. For foreign direct
investment in the United States, an additional data set
relating to newly acquired or established U.S. affiliates
of foreign companies also is provided. In addition, establishment-level data on foreign-owned firms are
provided for selected years for which BEA links its en
terprise-level (or company-level) data to the Census
Bureau’s establishment-level (or plant-level) data.
Research and analysis
The Bureau conducts a variety of research and
8
BEA’s International Accounts
analytical activities in support of the international ac
counts. The topics covered include all the areas in
which it produces international statistics. The results
of the research may be published in the S u r v e y o f
C u r r e n t B u s in e s s , presented in outside publications,
or used in-house to improve the accounts. Among the
topics covered by recent research projects have been
the intra-firm trade of U.S. and foreign multinational
companies, the structure of production and origin of
content of production by foreign affiliates of U.S.
February 2003
companies and U.S. affiliates of foreign companies,
and the expansion strategies of U.S. multinational
firms.
For m ore inform ation
Call the Balance of Payments Division at 20 2 -6 0 6 9545 or the International Investment Division at 2 0 2 606-9800, or e-mail internationalaccounts@bea.gov.
For additional information about the international
accounts, go to our Web site at <www.bea.gov>.
February 2003
Su r v e y
of
C u r r e n t B usin ess
9
International Transactions Accounts
he Bureau of Economic Analysis prepares and
publishes estimates of transactions between U.S.
and foreign residents. These estimates are presented in
the international transactions accounts (table 1).
Transactions are defined as the transfer of owner
ship of something that has an economic value measur
able in monetary terms from residents of one country
to residents of another. Transactions in goods, services,
income, and current transfers constitute the current
account. Capital transfers, such as debt forgiveness,
largely constitute the capital account. Transactions in
financial assets constitute the financial account.
Current-account transactions in goods, services,
and income involve real resources, which are
intrinsically capable of satisfying an economic want
or need. Exports of goods and services accounted for
10 percent of the current-dollar value of U.S. gross
domestic product in 2001. Imports of goods and
services accounted for 13 percent of the current-dol
lar value of U.S. gross domestic purchases in 2001.
Exports and imports of goods are much larger
than other current-account transactions, and the defi
cit on goods has been the largest component of the
current-account balance for many years. Exports and
imports of services are much smaller, and the surplus
on services partly offsets the deficit on goods.
Receipts and payments of income have grown fastest
in recent years, mainly as a result of the rapid
expansion of cross-border holdings of financial
T
assets.
Financial-account transactions may involve ex
changes of financial assets for other financial assets
or for real resources, or they may involve the gift or
grant of financial assets where nothing of economic
value is received in return. Financial-account transac
tions have grown very rapidly since the early 1990s as a
result of the easing of governmental restrictions on fi
nancial institutions and markets, rapid innovation in
financial techniques and instruments, and economic
growth.
Financial-account transactions are organized into
two major categories. The first major category is U.S.owned assets abroad, which includes— among other
transactions— U.S. purchases and sales of foreign secu
rities, U.S. bank lending to foreigners, and U.S. direct
investment abroad. The second major category is foreign-owned assets in the United States, which in
cludes— among other transactions— foreign purchases
and sales of U.S. securities, U.S. bank borrowing from
foreigners, and foreign direct investment in the United
States.
For more inform ation
Call Christopher L. Bach, Chief of the Balance of
Payments Division, at 202-606-9545, or e-mail
chris.bach@bea.gov. For additional information about
the international accounts, go to our Web site at
<www.bea.gov>.
BEA’s International Accounts
10
February 2003
Table 1. U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
Line
(Credits +; debits - ) 1
2001
2001
I
II
Seasonally adjusted
2002
III
IV
I
IIr
2001
111"
I
II
2002
III
IV
I
II'
III"
Current account
1 Exports of goods and services and income re c e ip ts..............
1,281,793 347,304 332,942 306,844 294,703 289,712 306,297 309,507 349,040 331,612 309,477 291,667 291,348 305,262 312,881
2
Exports of goods and services...................................................
998,022 263,736 258,016 239,744 236,526 231,262 245,458 246,063 266,004 256,766 242,325 232,930 233,252 244,540 249,409
3
Goods, balance of payments basis2 .....................................
718,762 192,909 187,647 167,292 170,914 163,810 175,254 169,268 193,284 184,846 173,274 167,358 164,649 172,426 175,727
4
Services3...............................................................................
279,260
70,827
70,369
72,452
65,612
67,452
70,204
76,795
72,720
71,920
69,051
65,572
68,603
72,114
73,682
5
Transfers under U.S. military agency sales contracts4 ....
12,220
3,079
3,108
2,806
3,227
2,990
3,087
2,922
2,806
3,227
3,087
3,079
3,108
2,990
2,922
6
Travel.................................................................................
73,119
18,299
20,276
20,628
13,916
15,056
17,622
20,221
20,735
19,803
17,845
17,038
17,200
14,736
17,586
7
Passenger fares.................................................................
18,007
4,639
4,788
5,100
3,480
3,842
4,120
5,083
5,007
4,849
4,522
3,629
4,171
4,172
4,503
8
Other transportation..........................................................
7,308
6,667
28,306
7,163
7,168
6,523
6,983
7,482
7,495
7,170
6,674
6,805
6,968
6,986
7,159
9
9,314
Royalties and license fees5...............................................
38,668
9,428
9,534
10,392
9,651
10,796
10,727
9,717
9,743
9,537
9,672
11,085
9,931
11,020
10
Other private services5.....................................................
108,109
28,270
27,855
27,397
25,175
26,809
29,195
30,160
26,738
26,927
26,886
27,559
27,473
29,385
30,292
11
U.S. Government miscellaneous services........................
831
222
214
194
201
195
222
199
200
201
214
194
195
199
200
12
Income receipts..........................................................................
283,771
67,100
58,177
83,568
74,926
58,450
60,839
63,444
83,036
74,846
67,152
60,722
58,737
58,096
63,472
13
Income receipts on U.S.-owned assets abroad.....................
281,389
82,976
66,503
57,577
74,333
57,839
60,225
62,826
82,444
74,253
66,555
58,137
57,485
60,108
62,854
14
Direct investment receipts.................................................
30,084
125,996
35,713
33,217
26,982
28,946
31,132
33,665
35,270
33,078
30,211
27,436
28,679
30,958
33,763
15
Other private receipts........................................................
35,494
151,832
46,281
29,659
27,994
40,398
28,486
27,994
28,231
46,281
40,398
35,494
29,659
28,486
28,231
16
U.S. Government receipts..................................................
3,561
982
718
925
936
899
607
930
893
777
850
1,042
812
664
860
17
Compensation of employees..................................................
2,382
597
592
593
600
611
614
592
618
593
597
614
600
611
618
Imports
of
goods
and
services
and
income
paym
ents............
-1,625,701
-433,352
-378,004
18
-419,632 -394,713
-373,988 -420,224 -435,249 -445,154 -418,930 -388,448 -373,174 -387,786 -419,862 -426,701
19
Imports of goods and services................................................... -1,356,312 -351,464 -350,111 -328,351 -326,386 -315,033 -353,557 -368,828 -363,164 -350,090 -322,103 -320,958 -328,744 -353,853 -360,270
20
Goods, balance of payments basis2 ..................................... -1,145,927 -298,773 -290,463 -281,518 -275,173 -261,179 -292,767 -303,642 -306,316 -292,565 -279,025 -268,021 -271,073 -294,893 -298,903
21
Sen/ices3...............................................................................
-210,385 -52,691
-59,648 -46,833 -51,213 -53,854 -60,790 -65,186 -56,848 -57,525 -43,078 -52,937 -57,671
-58,960 -61,367
22
Direct defense expenditures..............................................
-15,198
-3,548
-3,512
-4,353
-4,488
-3,785
-4,766
-5,005
-3,548
-3,512
-3,785
-4,353
-4,766
-4,488
-5,005
23
Travel.................................................................................
-60,117 -13,545 -18,466 -17,253 -10,853 -12,389 -16,036 -17,888 -16,003 -16,698 -14,468 -12,948 -14,587 -14,454 -14,995
24
Passenger fares.................................................................
-22,418
-5,237
-6,571
-3,847
-6,763
-4,609
-5,522
-5,978
-5,810
-6,213
-5,944
-4,451
-5,113
-5,028
-5,352
25
Other transportation..........................................................
-38,823 -10,064 -10,057
-9,094
-8,457
-9,608
-9,623 -10,141
-10,521
-10,130
-9,178
-8,997
-9,739
-9,709
-8,858
26
Royalties and license fees5...............................................
-16,359
-3,990
-3,939
-4,474
-3,956
-4,653
-4,835
-5,051
-4,097
-4,038
-4,113
-4,110
-4,764
-5,264
-4,951
27
Other private services5......................................................
-54,588 -15,584 -16,185
-4,934 -17,885 -18,517 -19,283 -20,398 -16,146 -16,208
-4,864 -17,371
-19,120 -19,297 -20,317
28
U.S. Government miscellaneous services........................
-2,882
-707
-741
-723
-726
-726
-725
-725
-726
-723
-726
-707
-741
-725
-725
29
-269,389 -81,888 -69,521
-66,362 -51,618 -58,955 -66,667 -66,421
-81,990 -68,840 -66,345 -52,216 -59,042 -66,009 -66,431
Income payments.......................................................................
30
Income payments on foreign-owned assets in the United
-260,850 -79,875 -67,503 -64,174 -49,298 -56,822 -64,504 -64,177 -79,881
-66,727 -64,210 -50,035 -56,803 -63,737 -64,229
States.................................................................................
31
-23,401
-6,022
-13,015
-6,267
1,903
-6,629 -12,930 -14,890 -13,021
-5,246
-6,303
1,166
Direct investment payments...............................................
-6,610 -12,163 -14,942
32
-156,784 -45,512 -40,886 -38,156 -32,230 -31,679 -32,943 -31,114 -45,512 -40,886 -38,156 -32,230 -31,679 -32,943 -31,114
Other private payments.....................................................
33
-80,665
-21,348
-20,595
-19,751
-18,971
-18,514
-18,631
-18,173 -21,348 -20,595 -19,751
-18,971
-18,514 -18,631
-18,173
U.S. Government payments...............................................
34
-6,539
-2,320
-2,013
-2,018
-2,188
-2,133
-2,163
-2,244
-2,109
-2,113
-2,135
-2,181
-2,239
-2,272
-2,202
Compensation of employees..................................................
-49,463 -11,827 -11,250 -12,157 -14,229 -16,381 -12,305 -12,854 -11,608 -11,916 -12,360 -13,579 -16,016 -13,011
35 Unilateral current transfers, n e t..................................................
-13,221
36
U.S. Government grants4...........................................................
-11,628
-2,419
-2,522
-3,782
-6,273
-2,905
-3,312
-3,147
-2,419
-2,522
-2,905
-3,782
-6,273
-3,312
-3,147
37
-5,798
-1,167
US. Government pensions and other transfers.........................
-934
-1,027
-1,330
-2,670
-1,005
-932
-1,316
-1,291
-1,305
-1,886
-1,348
-1,368
-1,356
38
Private remittances and other transfers6 ..................................
-32,037
-8,241
-7,794
-8,225
-7,777
-8,778
-7,988
-8,775
-7,873
-8,103
-8,150
-7,911
-8,395
-8,343
-8,706
Capital and financial account
Capital account
39 Capital account transactions, n e t...............................................
826
208
207
206
205
208
200
-370,962 -218,586
-28,121
-132,756
223
208
207
-80,036
206
205
208
200
223
-25,918 -131,079
390
-1,843
23,920
-1,416
Financial account
40 U.S.-owned assets abroad, net (increase/financial outflow (-))
41
U.S. official reserve assets, net..................................................
4?
Gold7......................................................................................
43
Special drawing rights............................................................
44
Reserve position in the International Monetary Fund...........
45
Foreign currencies.................................................................
46
U.S. Government assets, other than official reserve assets, net
47
U.S. credits and other long-term assets................................
48
Repayments on U.S. credits and other long-term assets8
49
U.S. foreign currency holdings and U.S. short-term assets,
net......................................................................................
50
U.S. private assets, net...............................................................
51
Direct investment...................................................................
52
Foreign securities...................................................................
53
U.S. claims on unaffiliated foreigners reported by U.S.
nonbanking concerns.........................................................
54
U.S. claims reported by U.S. banks, not included elsewhere
55 Foreign-owned assets in the United States, net (increase/
financial inflow (+ ))...................................................................
56
Foreign official assets in the United States, n e t........................
57
U.S. Government securities...................................................
58
U.S. Treasury securities9 ..................................................
59
Other10..............................................................................
60
Other U.S. Government liabilities " .......................................
61
U.S. liabilities reported by U.S. banks, not included
elsewhere...........................................................................
62
Other foreign official assets12................................................
63
Other foreign assets in the United States, net............................
64
Direct investment...................................................................
65
U.S. Treasury securities.........................................................
66
U.S. securities other than U.S. Treasury securities...............
67
U.S. currency.........................................................................
68
U.S. liabilities to unaffiliated foreigners reported by U.S.
nonbanking concerns.........................................................
69
U.S. liabilities reported by U.S. banks, not included
elsewhere...........................................................................
70 Statistical discrepancy (sum of above items with sign
reversed)....................................................................................
70a
Of which: Seasonal adjustment discrepancy.............................
See footnotes at end of table.
-81,594
23,140
-93,922
-4,911
190
-1,343
-3,559
-199
390
-1,843
21,240 -215,815
-1,416
190
-630
-3,600
-681
-486
-4,431
3,873
-189
574
-195
77
-1,094
1,071
-156
-1,015
-172
-783
-1,330
573
-145
-3,242
-172
77
-1,011
1,118
-140
83
-142
143
-996
1,111
-109
652
-153
133
-853
994
-107
-1,607
-129
42
-565
566
-132
-1,136
-148
172
-897
1,190
72
100
-365,565 -218,853
-127,840 -26,285
-94,662 -26,895
-26
-79,468
-36,689
-51,764
-30
26,622
-43,562
10,087
28
-93,866
-21,304
-26,090
-14,358 -51,759
-128,705 -113,914
9,670
-685
-9,479
69,576
37,210
-83,682
65
727
24,978 -100,088
-1,343
-3,559
-199
-189
574
-195
77
-1,094
1,071
-156
-1,015
-172
-783
-1,330
573
-145
-3,242
-172
77
-1,011
1,118
-140
83
-142
143
-996
1,111
-121
100
22,484 -216,082
-30,143 -23,514
18,295 -26,895
-26
-77,910
-35,131
-51,764
-16,693
-68,655
-12,087 -51,759
46,419 -113,914
9,670
-685
-9,479
69,576
37,210
-83,682
65
727
-16,693
-68,655
-12,087
46,419
-8
41
-28,644 -130,955
-31,483 -35,932
2,047
-9,675
-30
28
28,460 -100,032
-41,724 -27,470
10,087 -26,090
-109
652
-153
133
-853
994
-107
-1,607
-129
42
-565
566
-132
-1,136
-148
172
-897
1,190
-8
41
-26,441 -129,278
-29,280 -34,255
2,047
-9,675
-121
25,164
-27,463
18,295
752,806
5,224
31,665
10,745
20,920
-1,882
303,125
4,087
2,547
-1,027
3,574
-676
182,749
-20,831
-10,866
-20,798
9,932
-791
18,136
16,882
15,594
15,810
-216
89
248,796
5,086
24,390
16,760
7,630
-504
113,921
7,641
6,714
-582
7,296
-790
205,861
47,252
21,741
15,193
6,548
54
148,682
9,319
12,309
1,424
10,885
999
302,510
4,087
2,547
-1,027
3,574
-676
181,610
-20,831
-10,866
-20,798
9,932
-791
17,889
16,882
15,594
15,810
-216
89
250,797
5,086
24,390
16,760
7,630
-504
113,496
7,641
6,714
-582
7,296
-790
204,307
47,252
21,741
15,193
6,548
54
148,510
9,319
12,309
1,424
10,885
999
-30,278
5,719
747,582
130,796
-7,670
407,653
23,783
1,213
1,003
299,038
44,204
-4,744
129,990
2,311
-10,202
1,028
203,580
52,241
-14,685
113,556
2,772
-782
1,981
1,254
14,455
-15,470
64,787
8,203
-20,507
1,707
243,710
19,896
27,229
99,320
10,497
991
726
106,280
16,648
-7,282
71,095
4,525
24,531
926
158,609
-1,150
-5,124
104,404
7,183
-4,824
835
139,363
11,209
54,691
46,647
2,556
1,213
1,003
298,423
43,589
-4,744
129,990
2,311
-10,202
1,028
202,441
51,102
-14,685
113,556
2,772
-782
1,981
1,007
14,208
-15,470
64,787
8,203
-20,507
1,707
245,711
21,897
27,229
99,320
10,497
991
726
105,855
16,223
-7,282
71,095
4,525
24,531
926
157,055
-2,704
-5,124
104,404
7,183
-4,824
835
139,191
11,037
54,691
46,647
2,556
82,353
111,644
-5,307
-25,154
1,170
32,345
21,056
15,961
111,644
-5,307
-25,154
1,170
32,345
21,056
15,961
110,667
15,633
55,003
-45,567
85,598
-11,051
32,240
8,299
15,633
55,003
-45,567
85,598
-11,051
32,240
8,299
10,701
13,128
-3,422
58,544
-57,549
14,649
52,927
-31,549
20,819
7,691
-2,547
875
48,258
-10,286
-55,828
1,721
24,668
10,019
54,183
1,256
-45,612
-14,063
February 2003
Su r v e y
of
11
C u r r e n t B usin ess
Table 1. U.S. International Transactions—Continued
[M illions of dollars]
Not seasonally adjusted
Line
(Credits +; debits - ) 1
2001
1
71
72
73
74
75
76
Memoranda:
Balance on goods (lines 3 and 20)................................................
Balance on services (lines 4 and 21).............................................
Balance on goods and services (lines 2 and 19)...........................
Balance on income (lines 12 and 29)............................................
Unilateral current transfers, net (line 35)........................................
Balance on current account (lines 1,18, and 35 or lines 73,74,
and 7 5)13....................................................................................
II
III
-97,875
-97,940 -100,026
1. Credits, +: Exports of goods and services and income receipts; unilateral current transfers to the United States; capital
account transactions receipts; financial inflows—increase in foreign-owned assets (U.S. liabilities) or decrease in U.S.-owned
assets (U.S. claims).
Debits,-; Imports of goods and services and income payments; unilateral current transfers to foreigners; capital account
transactions payments; financial outflows—decrease in foreign-owned assets (U.S. liabilities) or increase in U.S.-owned assets
(U.S. claims).
2. Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents, excludes
imports of goods under direct defense expenditures identified in Census import documents, and reflects various other adjust
ments (for valuation, coverage, and timing) of Census statistics to balance of payments basis.
3. Includes some goods: Mainly military equipment in line 5; major equipment, other materials, supplies, and petroleum
products purchased abroad by U.S. military agencies in line 22; and fuels purchased by airline and steamship operators in
lines 8 and 25.
4. Includes transfers of goods and services under U.S. military grant programs.
5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude U.S.
parents' payments to foreign affiliates and to include U.S. affiliates’ receipts from foreign parents. The definition of imports is
revised to include U.S. parents' payments to foreign affiliates and to exclude U.S. affiliates' receipts from foreign parents.
6. Beginning in 1982, the “other transfers” component includes taxes paid by U.S. private residents to foreign governments
and taxes paid by private nonresidents to the U.S. Government.
7. At the present time, all U.S. Treasury-owned gold is held in the United States.
IV
-427,165 -105,864 -102,816 -114,226 -104,259
10,721
68,875
18,136
25,619
14,399
-358,290 -87,728 -92,095 -88,607 -89,860
14,382
1,680
5,405
738
6,559
-49,463 -11,827 -11,250 -12,157 -14,229
-393,371
Seasonally adjusted
I
IIr
2002
2001
2002
2001
III"
1
II
III
IV
I
II'
II I'’
-97,369 -117,513 -134,374 -113,032 -107,719 -105,751 -100,663 -106,424 -122,467 -123,176
13,154
13,598
9,414
15,872
14,395
25,973
12,635
10,932
12,315
11,609
-83,771 -108,099 -122,765 -97,160 -93,324 -79,778 -88,028 -95,492 -109,313 -110,861
-5,287
-2,977
807
6,521
-946
-2,959
-505
-5,828
1,046
6,006
-13,221
-16,381
-12,305 -12,854 -11,608 -11,916 -12,360 -13,579 -16,016 -13,011
-97,530 -100,657 -126,232 -138,596 -107,722
-99,234
-91,331
-95,086 -112,454 -127,611
-127,041
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-lmport 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.
12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State and local
governments.
13. Conceptually, line 76 is equal to “net foreign investment" in the national income and product accounts (NIRA’s). However,
the foreign transactions account in the NIPA’s (a) includes adjustments to the international transactions accounts for the treat
ment 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 NIRA
net exports appears in reconciliation table 2 of appendix A in the January 2003 issue of the S u r v e y o f C u r r e n t B u s in e s s . 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 in
the August 2002 issue of the S u r v e y .
BEA’s International Accounts
12
February 2003
International Investm ent Position A ccounts
he Bureau of Economic Analysis prepares and
publishes estimates of the value of accumulated
stocks of U.S.-owned assets abroad and of foreignowned assets in the United States, as well as the value
of the net international investment position of the
United States (table 1). These estimates are produced
annually and reflect values as of yearend. The estimates
for transactions, which are presented in the interna
tional transactions accounts, and several types of valu
ation adjustments explain the year-to-year change in
investment positions.
Assets are recorded in the international investment
position accounts at current cost or at market value.
Direct investment is recorded at current cost and at
market value, and supplemental information is avail
able at historical cost (or book value). Equity, long
term marketable debt securities, and gold are recorded
at market value. For other types of assets, face value is
generally presumed to represent market value.
Changes in the value of stocks of assets in the inter
national investment position consist of two elements.
The first is the change attributable to international fi
nancial transactions, which are recorded in the inter
national transactions accounts. The second is the
change attributable to valuation adjustments, includ
ing price changes, exchange rate changes, and other
factors.
The international investment position accounts
provide information on the composition of U.S.owned assets abroad and of foreign-owned assets in
the United States. This information facilitates analyses
T
of the economic effects of international lending and
investment. For example, the economic effects of di
rect investment can be much different from the eco
nomic effects of portfolio investment. Within portfolio
investment, the relative importance of foreign owner
ship of domestic stocks, bonds, bank loans, and depos
its is often of interest to government policymakers,
private individuals, and companies.
The value of U.S.-owned assets abroad includes the
value of U.S. official reserve assets, of U.S. Government
assets other than official reserve assets, and of U.S. pri
vate assets. U.S. private assets consist of the value of
U.S. direct investment abroad, of U.S. holdings of for
eign securities, and of U.S. claims on unaffiliated for
eigners reported by U.S. banks and nonbanking
concerns.
The value of foreign-owned assets in the United
States includes the value of foreign official assets in the
United States and of other foreign assets in the United
States. Other foreign assets consist of the value of for
eign direct investment in the United States, of foreign
holdings of U.S. securities, of foreign holdings of U.S.
currency, and of U.S. liabilities to unaffiliated foreign
ers reported by U.S. banks and nonbanking concerns.
For more inform ation
Call Christopher A. Gohrband, Chief of the Private
Capital Branch, at 202-606-9564, or e-mail
christopher.gohrband@bea.gov. For additional infor
mation about the international accounts, go to our
Web site at <www.bea.gov>.
February 2003
Su r v ey
of
13
C u r r e n t B usin ess
Table 1. International Investment Position of the United States at Yearend, 2000 and 2001
[M illions of dollars]
Changes in position in 2001 (decrease (-))
Attributable to:
Valuation adjustments
Line
Type of investment
Position,
2000 '
Financial
flows
Position,
Total
Price
changes
(a)
Exchange
rate
changes1
Other
changes2
(c)
(d)
2001 p
(a+b+c+d)
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}'””..
-1,350,791
-1,583,153
-381,845
-381,845
-116,510
-215,482
-103,402
-145,572
4,414
16,935
-597,343
-725,964
-1,948,134
-2,309,117
U.S.-owned assets abroad:
With direct investment positions at current cost (lines 5+10+15)..............
With direct investment positions at market value (lines 5+10+16)^........
6,191,934
7,350,862
370.962
370.962
-258,272
-715,843
-124,662
-163,854
16,177
20,816
4,205
-487,919
6,196,139
6,862,943
U.S. official reserve assets...........................................................................................
Gold.............................................................................................................................
Special drawing rights..............................................................................................
Reserve position in the International Monetary Fund..........................................
Foreign currencies.....................................................................................................
128,400
71,799
10,539
14,824
31,238
4,911
536
3 536
-3,879
-7
4 -7
1,561
529
244
3,045
-2,257
129,961
72,328
10,783
17,869
28,981
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.................................
85,164
82,570
82,289
281
2,594
486
558
561
-3
-72
486
558
561
-3
-7 2
85,650
83,128
82,850
278
2,522
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)........................
5,978,370
7,137,298
365.565
365.565
-258,808
-716,379
-120,783
-159,975
16,184
20,823
2,158
-489,966
5,980,528
6,647,332
1,515,279
2,674,207
2,389,427
557,019
1,832,408
821,564
1,252,100
127.840
127.840
94,662
-12,147
106,809
14,358
128,705
19,533
-438,038
-278,341
18,214
-296,555
-17,713
-56,905
-95,228
-17,304
-77,924
-5,811
-2,031
-21,817
-17,178
38,001
107,843
-384,281
-278,907
-11,237
-267,670
8,547
164,675
1,623,122
2,289,926
2,110,520
545,782
1.564.738
830,111
1,416,775
7,542,725
8,934,015
752.807
752.807
-141,762
-500,361
-21,260
-18,282
11,763
3,881
601,548
238,045
8,144,273
9,172,060
Foreign official assets in the United States
U.S. Government securities.
U.S. Treasury securities..
O ther.................................
Other U.S. Government liabilities7
U.S. liabilities reported by U.S. banks, not included elsewhere............................
Other foreign official assets.......................................................................................
1,008,890
749,904
625,161
124,743
13,739
153,403
91,844
5,225
31,666
10,745
20,921
-1,882
-30,278
5,719
1,623
11,274
8,796
2,478
6,000
6,000
-1
-9,651
12,848
48,940
25,542
23,398
-1,882
-30,278
-3,932
1.021.738
798,844
650,703
148,141
11,857
123,125
87,912
Other foreign assets:
With direct investment at current cost (lines 35+37+38+41+42+43)...............
With direct investment at market value (lines 36+37+38+41+42+43).............
6,533,835
7,925,125
747.582
747.582
-143,385
-501,984
-21,260
-18,282
5,763
-2,119
588,700
225,197
7,122,535
8,150,322
Direct investment in the United States:
At current cost.........................................................................................................
At market value.......................................................................................................
U.S. Treasury securities.............................................................................................
U.S. securities other than U.S. Treasury securities................................................
Corporate and other bonds...................................................................................
Corporate stocks....................................................................................................
U.S. currency................................................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns.
U.S. liabilities reported by U.S. banks, not included elsewhere............................
1,374,752
2,766,042
400,966
2,623,628
1,075,988
1,547,640
251,786
729,340
1,153,363
130.796
130.796
-7,670
407,653
288,200
119,453
23,783
82,353
110,667
14,214
-344,385
4,719
-162,318
40,741
-203,059
-2,978
-17,860
-25,742
-9,241
124,172
-239,331
-12,192
233,026
316,632
-83,606
23,783
75,077
144,834
1,498,924
2,526,711
388,774
2,856,654
1,392,620
1,464,034
275,569
804,417
1,298,197
Direct investment abroad:
At current cost.......................................................................................................
At market value
Foreign securities
Bonds......
Corporate stocks
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns..
U.S. claims reported by U.S. banks, not included elsewhere..............................
Foreign-owned assets in the United States:
With direct investment at current cost (lines 26+33).....................................
With direct investment at market value (lines 26+34)....................................
630
3,600
681
-386
-555
-2,938
6,001
-12,309
-12,309
-2,140
-3,833
-5,136
38,000
Preliminary.
not included in international transactions financial flows.
' Revised.
5. Also includes paid-in capital subscriptions to international financial institutions and outstanding amounts of
1. Represents gains or losses on foreign-currency-denominated assets due to their revaluation at current miscellaneous claims that have been settled through international agreements to be payable to the U.S. Govern
ment over periods in excess of 1 year. Excludes World War I debts that are not being serviced.
exchange rates.
2. Includes changes in coverage, statistical discrepancies, and other adjustments to the value of assets.
6. Includes indebtedness that the borrower may contractually, or at its option, repay with its currency, with a
3. Reflects changes in the value of the official gold stock due to fluctuations in the market price of gold.
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
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 arranged with or through foreign official agencies.
p
BEA’s International Accounts
14
February 2003
International Services
he Bureau of Economic Analysis prepares and
publishes estimates of U.S. cross-border trade in
private services and of sales of services by nonbank
majority-owned U.S. and foreign affiliates of multina
tional companies (tables 1, 2, and 3). The two data sets
correspond to the two distinct channels through which
services are delivered to international markets.
U.S. cross-border trade in private services consists
of transactions between U.S. and foreign residents.
Cross-border exports and imports of private services
represent international trade in the conventional sense
and are recorded, in summary form, in the interna
tional transactions accounts. These services transac
tions consist of both trade within multinational
companies (intrafirm trade) and trade between unaf
filiated parties.
Cross-border services transactions are classified
into five broad “standard components.” The
components are (1) travel; (2) passenger fares; (3)
other transportation, such as freight and port services;
(4) royalties and license fees; and (5) other private
services, such as financial services, insurance services,
and business, professional, and technical services.
Sales of services by nonbank majority-owned
U.S. and foreign affiliates of multinational
companies are usually transactions between residents
of the same country. Sales of services to foreign resi
dents by foreign affiliates of U.S. companies are con
T
sidered transactions between foreign residents.
Purchases of services by U.S. residents from U.S. affili
ates of foreign companies are considered transactions
between U.S. residents. These sales and purchases are
not recorded in the U.S. international transactions ac
counts, but they are reflected in an ownership-based
framework of the U.S. current account, which the Bu
reau publishes periodically. The estimates are drawn
from larger data sets on the operations of U.S. multi
national companies and of U.S. affiliates of foreign
companies.
Services delivered through nonbank majorityowned affiliates have exceeded those delivered through
cross-border trade in recent years. However, for spe
cific types of services, the relative importance of the
two channels is often determined by the nature of the
service being delivered.
For m ore inform ation
Call Michael A. Mann, Chief of the Current Account
Services Branch, at 202-606-9573, or e-mail
michael.mann@bea.gov. For more information on
sales of services by affiliates of multinational
companies, call Maria Borga of the International
Investment Division at 202-606-9853, or e-mail
maria.borga@bea.gov. For additional information
about the international accounts, go to our Web site
at <www.bea.gov>.
■
February 2003
Su r v e y
15
C u r r e n t B usin ess
of
Table 1. Private Services Trade by Type, 1996-2001
[Millions of dollars]
Exports
Imports
2001
1996
1997
1998
1999
2000
2001
277,478
266,209
137,102
151,791
167,466
173,241
202,060
192,305
74,731
63,947
6,670
4,114
82,267
70,050
7,055
5,162
73,119
61,315
6,484
5,320
48,078
37,436
4,670
5,972
52,051
40,667
4,904
6,480
56,509
44,395
5,718
6,396
58,865
46,925
6,135
5,805
64,788
51,775
6,367
6,646
60,117
46,933
6,477
6,707
20,098
19,785
20,760
18,007
15,809
18,138
19,971
21,315
24,306
22,418
27,006
11,789
15,217
25,604
11,048
14,557
26,916
11,560
15,356
30,137
12,994
17,143
28,306
11,930
16,376
27,403
16,539
10,864
28,959
17,654
11,305
30,363
19,412
10,950
34,139
22,218
11,925
41,598
27,388
14,210
38,823
25,667
13,156
32,470
24,556
22,719
1,837
7,914
3,566
4,348
33,228
24,465
23,091
1,374
8,763
3,544
5,219
35,626
26,313
24,362
1,951
9,314
3,499
5,815
36,902
26,507
24,807
1,700
10,395
3,900
6,496
39,607
26,816
24,585
2,231
12,791
4,705
8,086
38,668
25,873
23,502
2,371
12,795
4,852
7,943
7,837
5,406
761
4,645
2,431
1,319
1,112
9,161
6,749
1,379
5,370
2,412
1,417
995
11,235
8,547
1,782
6,765
2,688
1,319
1,369
12,609
9,876
1,812
8,064
2,733
1,568
1,164
16,115
12,180
1,946
10,234
3,935
1,695
2,240
16,359
13,008
2,026
10,982
3,351
1,815
1,536
Other private services..............................................................................
Affiliated services...................................................................................
U.S. parents’ transactions..................................................................
U.S. affiliates’ transactions...............................................................
Unaffiliated services...............................................................................
Education.............................................................................................
Financial services...............................................................................
Insurance, net.....................................................................................
Premiums.......................................................................................
Losses.............................................................................................
Telecommunications..........................................................................
Business, professional, and technical services
Accounting, auditing, and bookkeeping services......................
Advertising......................................................................................
Computer and data processing services....................................
Construction, engineering, architectural, and mining services.
Construction...............................................................................
Engineering, architectural, and other technical services......
Mining services.........................................................................
Data base and other information services..................................
Industrial engineering....................................................................
Installation, maintenance, and repair of equipment...................
Legal services................................................................................
Management, consulting, and public relations services...........
Medical services............................................................................
Miscellaneous disbursements......................................................
Operational leasing........................................................................
Research, development, and testing services
Sports and performing arts...........................................................
Training services............................................................................
Other business, professional and technical services1.............
73,858
22,931
14,118
8,813
50,927
7,887
8,229
2,168
5,929
3,761
3,301
19,466
222
543
1,617
3,553
n.a.
n.a.
n.a.
1,158
870
3,648
1,943
1,460
1,005
333
1,482
681
149
388
415
84,456
27,107
17,288
9,819
57,349
8,346
10,243
2,473
6,118
3,645
3,918
21,547
316
607
2,011
3,503
n.a.
n.a.
n.a.
1,479
1,186
3,369
2,223
1,632
1,113
144
2,012
893
149
447
463
91,318
28,176
18,135
10,041
63,142
9,036
11,327
2,224
7,278
5,054
5,567
22,676
412
445
1,941
3,884
793
2,541
550
1,764
1,271
3,189
2,406
1,888
1,204
148
2,367
867
99
396
396
98,158
28,564
17,977
10,587
69,594
9,615
13,410
1,011
6,760
5,749
4,549
27,701
294
481
3,312
5,834
2,643
2,620
571
2,131
1,865
3,491
2,465
1,832
1,353
109
2,671
994
131
389
351
104,707
32,580
19,846
12,734
72,127
10,348
16,307
2,050
8,458
6,408
4,756
24,373
363
551
3,050
2,275
680
1,309
286
2,165
716
3,931
3,232
1,751
1,501
102
2,890
1,046
123
402
274
108,109
36,243
21,237
15,006
71,866
11,493
15,209
18
8,658
8,640
4,796
25,720
403
513
2,644
2,623
823
1,573
228
2,192
780
4,546
3,143
1,859
1,676
160
2,753
1,317
141
505
467
37,975
15,548
7,084
8,464
22,427
1,253
2,907
3,885
14,522
10,637
8,290
5,547
218
971
276
465
n.a.
n.a.
n.a.
146
197
239
615
497
n.a.
750
325
379
200
140
129
43,482
17,625
9,012
8,613
25,857
1,396
3,347
5,873
15,211
9,338
8,346
6,407
279
773
636
463
n.a.
n.a.
n.a.
128
211
307
539
687
n.a.
1,075
189
564
260
153
142
49,388
19,437
10,415
9,022
29,951
1,587
3,590
9,240
20,398
11,158
7,682
7,392
403
912
917
554
n.a.
n.a.
n.a.
152
206
242
655
872
n.a.
1,136
175
637
228
168
137
46,313
23,261
12,951
10,310
23,052
1,807
3,418
2,684
20,857
18,173
6,601
8,110
592
881
984
510
n.a.
n.a.
n.a.
171
262
315
742
842
n.a.
1,351
173
749
206
162
168
55,253
25,971
13,433
12,538
29,282
2,052
4,472
8,175
26,930
18,755
5,473
8,636
567
923
922
518
n.a.
n.a.
n.a.
178
261
822
874
755
n.a.
1,225
187
903
159
207
138
54,588
28,410
13,467
14,943
26,178
2,378
4,016
4,906
39,895
34,989
4,298
10,040
928
881
1,016
471
264
156
50
260
260
996
755
998
n.a.
1,306
212
1,064
221
367
305
Other unaffiliated services2..............................................................
9,874
10,821
12,312
13,309
14,293
14,630
546
487
460
433
473
540
1996
1997
1998
1999
2000
222,633
238,984
243,932
256,492
T ra v e l...........................................................................................................
Overseas.................................................................................................
Canada....................................................................................................
Mexico......................................................................................................
69,809
59,963
6,842
3,004
73,426
63,041
6,945
3,440
71,286
61,262
6,206
3,818
Passenger fa re s ........................................................................................
20,422
20,868
Other transportation.................................................................................
Freight.......................................................................................................
Port services............................................................................................
26,074
11,146
14,929
Royalties and license f e e s ......................................................................
Affiliated...................................................................................................
U.S. parents’ transactions..................................................................
U.S. affiliates’ transactions...............................................................
Unaffiliated...............................................................................................
Industrial processes..........................................................................
Other....................................................................................................
Total private services.................................................................
n.a. Not available
* Less than $500,000.
D Suppressed to avoid disclosure of data of individual companies.
1.
For exports, other business, professional, and technical services consists of agricultural services;
language translation sen/ices; security services; collection services; salvage services; satellite photography
and remote sensing/satellite imagery services; merchanting services; transcription services; waste treatment
and depollution services; mailing, reproduction, and commercial art services; personnel supply services;
management of health care facilities services; auction services, and other trade-related services. For imports,
other business, professional, and technical services consists of all of the components above with the exception
of merchanting services.
2. Exports include mainly film and tape rentals and expenditures of foreign governments and international
organizations in the United States. Imports include mainly expenditures of U.S. residents temporarily working
abroad and film and tape rentals.
16
B E A ’s International Accounts
February 2003
Table 2. Sales of Services to Foreign Persons by U.S. MNC’s Through Their Nonbank MOFA’s, Industry of Affiliate by Country of Affiliate, 2000
[M illions of dollars]
Europe
All
countries
A ll in du strie s..........................................................................
M anufacturing..........................................................................................
Of which:
Food....................................................................................................
Chemicals..........................................................................................
Primary and fabricated metals........................................................
Machinery..........................................................................................
Computers and electronic products...............................................
Electrical equipment, appliances, and components.....................
Transportation equipment...............................................................
Wholesale tra d e ......................................................................................
Of which:
Motor vehicles and motor vehicle parts and supplies..................
Professional and commercial equipment and supplies...............
Retail tra d e ...............................................................................................
Info rm a tio n ...............................................................................................
Publishing industries.............................................................................
Newspaper, periodical, book, and database publishers.............
Software publishers..........................................................................
Motion picture and sound recording industries.................................
Motion picture and video industries...............................................
Sound recording industries.............................................................
Broadcasting and telecommunications..............................................
Broadcasting, cable networks, and program distribution............
Telecommunications........................................................................
Information services and data processing services.........................
Information services........................................................................
Data processing services................................................................
Finance (except depository institutions) and insurance..............
Finance (except depository institutions)............................................
Nondepository credit intermediation and related services..........
Securities, commodity contracts, and other intermediation and
related activities............................................................................
Funds, trusts, and other financial vehicles....................................
Insurance carriers and related activities............................................
Insurance carriers, except life insurance carriers........................
Life insurance carriers.....................................................................
Agencies, brokerages, and other insurance related activities....
Real estate and rental and leasing......................................................
Real estate.............................................................................................
Rental and leasing (except real estate).............................................
Professional, scientific, and technical services..............................
Architectural, engineering, and related services...............................
Computer systems design and related services...............................
Management, scientific, and technical consulting.............................
Other.......................................................................................................
Legal services...................................................................................
Accounting, tax preparation, bookkeeping, and payroll services
Specialized design services...........................................................
Scientific research and development services..............................
Advertising and related services.....................................................
Other professional, scientific, and technical services..................
Other industries.......................................................................................
Agriculture, forestry, fishing, and hunting...........................................
M ining.....................................................................................................
Utilities....................................................................................................
Construction1........................................................................................
Transportation and warehousing.........................................................
Of which:
Air transportation..........................................................................
Rail transportation.......................................................................
Water transportation....................................................................
Truck transportation.....................................................................
Support activities for transportation...........................................
Management of companies and enterprises....................................
Administration, support, and waste management.............................
Administrative and support services..............................................
Of which:
Employment services..............................................................
Travel arrangement and reservation services......................
Waste management and remediation services.............................
Health care and social assistance......................................................
Accommodation and food services.....................................................
Accommodation................................................................................
Food services and drinking places................................................
Miscellaneous services.........................................................................
Educational services........................................................................
Arts, entertainment, and recreation...............................................
Other services (except public administration and private
households)...................................................................................
* Less than $500,000.
D Suppressed to avoid disclosure of data of individual companies.
MNC Multinational company
MOFA Majority-owned foreign affiliate
Germany
Nether
lands
Switzerland
United
Kingdom
(4)
(5)
(6)
(7)
(8)
(9)
Canada
Total
(2)
(1)
France
Latin
America
and Other
Western
Hemi
sphere
Of which:
(3)
Other countries
Of which:
Total
Australia
Japan
(10)
(11)
(12)
392,784
9,532
44,317
1,960
204,815
5,598
19,291
710
28,981
2,717
11,935
102
4,413
17
101,413
598
50,277
1,218
93,375
756
14,903
148
33,277
124
150
547
80
1,249
5,839
79
1,068
18,809
41
25
1
73
0
0
0
0
17
0
0
741
2
155
60
176
130
1
2
1,579
13
53
0
(D)
(D)
459
(D)
(D)
(D)
8,602
45
(*)
0
22
0
0
0
757
43
20
6
581
(D)
0
150
7
19
469
4
3
1,409
0
128
3
21
(D)
(O)
52
449
73
382
3,876
10
13
35
0
38
10
0
50
397
0
12
0
0
59
0
0
970
(D)
(D)
7,969
19
(D)
(D)
(D)
5,849
5,749
4,778
971
15,207
2,026
13,181
9,791
2,799
6,992
43,284
24,305
5,929
1,379
4
2,674
661
280
381
673
592
81
513
0
678
0
4,415
1,631
284
1,347
1,671
1,625
46
569
0
679
0
1,015
206
42
164
58
29
29
80
0
80
671
(D)
(D)
342
(D)
(D)
(D)
18,195
181
18,979
14,608
1,867
2,505
7,758
769
6,989
39,310
6,749
16,143
5,705
10,712
637
226
59
1,735
6,485
1,571
206
1
689
309
(D)
12,728
1,104
66,038
14,432
5,778
8,655
(D)
7,457
(D)
28,036
2,542
25,494
(D)
4,311
(D)
101,843
38,633
11,847
25,565
1,222
63,210
36,025
24,037
3,148
11,427
(D)
(D)
69,696
11,268
(D)
(D)
15,625
865
721
98
2,700
8,753
2,487
114,335
91
10,406
39,187
(D)
20,348
1,648
1,500
4,013
1,793
4,568
(D)
(D)
6
674
(D)
3,779
(D)
(D)
311
1,042
(D)
(D)
(D)
0
(D)
1,628
(D)
(D)
8,105
3,456
(D)
1,645
(D)
4,649
(D)
1,592
(D)
1,545
57
1,488
5,007
2,094
1,252
639
1,023
7
317
1
151
466
81
9
(D)
B
(D)
(D)
827
116
711
1,443
753
547
(D)
(D)
1,587
391
1,196
3,618
240
1,360
480
1,539
167
72
2
144
1,030
125
7,846
424
6
(D)
(D)
614
(D)
(D)
12,940
31
2,646
615
2,031
(D)
(D)
(D)
(D)
1,190
139
9,134
15
0
349
8,274
2,271
6,003
4,039
512
786
4,785
845
2,741
(D)
(D)
420
364
(D)
(D)
(D)
6,043
5,836
0
207
581
26
555
4,839
97
2,521
974
1,247
62
0
0
220
904
61
4,382
0
41
18
0
(D)
164
0
(D)
(D)
(D)
(D)
(D)
(D)
(D)
0
0
7
1,692
199
1,493
149
0
0
104
240
(D)
0
0
0
292
9
5,562
5,562
11,060
68
(D)
(D)
543
265
279
1,114
(D)
383
0
0
2
70
65
5
771
1,050
820
391
1,905
509
(D)
(D)
(D)
(D)
6,054
5
6,049
1,245
288
957
6,846
803
52
0
(D)
0
350
9
589
589
108
(D)
0
446
6
9,094
1,039
466
573
756
71
0
1
(D)
269
9
557
557
61
0
0
566
17,164
(D)
516
3
1,592
(D)
2,728
22,042
14
8,236
21
688
342
43
1,967
0
834
11
822
2,026
478
950
187
411
0
0
0
30
301
80
2,688
4
365
(D)
0
725
2,869
6,958
0
2,243
(D)
(D)
0
0
(D)
49
(*)
49
1,163
27
237
519
379
1
0
0
96
184
99
1,086
0
64
0
0
341
9
0
139
0
89
(*)
219
219
795
821
24
23
(D)
(D)
(D)
(D)
32
7
117
53
22
774
359
247
42
(D)
(D)
(D)
(D)
1,390
(*)
15,433
4,265
2,658
1,607
1,528
(D)
(D)
5,014
619
4,395
4,626
1,472
3,154
28,346
18,158
3,588
14,556
13
10,189
7,325
1,279
1,585
2,829
285
2,544
(D)
4,560
(D)
1,896
4,166
302
(D)
(D)
755
2,258
697
•9
1,602
20,728
6
3,357
411
1,050
354
346
581
269
4,035
4,035
2,826
3
0
119
3,340
985
2,355
4
(D)
1,098
(D)
0
1,009
28
10,914
677
402
274
606
474
131
8,631
231
8,400
1,001
354
647
15,573
3,538
1,876
(D)
1,502
160
12,035
10,432
1,383
221
9%
69
927
5,603
468
2,712
1,272
1,152
2
20
7
118
764
240
14,846
25
3,080
4,916
13
2,572
106
(D)
1,413
(D)
296
604
836
817
3,075
(D)
(D)
(D)
(D)
2,220
(D)
(D)
404
(D)
285
(D)
(D)
(D)
1,227
34,881
7,335
(D)
4,222
0
340
0
2,678
569
253
315
361
291
70
973
239
734
775
(D)
(D)
2,297
1,881
875
(D)
1,133
1,157
(D)
(D)
461
6
454
(D)
(D)
175
17,250
2,874
1,191
(D)
655
352
416
234
(D)
(D)
6,806
(D)
335
(D)
482
62
420
(D)
27,547
19,196
1,127
(D)
(D)
(D)
19,775
1,957
(D)
455
(D)
(D)
(D)
2,738
218
158
31
697
1,038
596
396
366
13
663
131
1,759
(D)
2,025
(D)
2,318
(D)
(D)
(D)
"8
10
114
2,136
(D)
425
7
0
0
615
35
131
44
0
140
5
958
956
(D)
0
13
7
(D)
12
822
822
(D)
103
78
(D)
524
1,071
268
930
361
64
(D)
(D)
(0)
110
7,966
264
107
3,332
1,343
239
174
(D)
(D)
83
205
27
614
1
3
2
1,119
194
925
446
36
49
1,281
25
(*)
(D)
(D)
(D)
(D)
9
1,728
5,271
(D)
7,298
1,683
14,376
546
55
(D)
0
221
22
19
170
2,209
636
1,573
422
64
90
(D)
(D)
(D)
841
0
3,336
(D)
24
0
0
17
17
0
(D)
1. Because sales resulting from construction activities are recorded as sales of goods rather than as sales of services,
the sales of services through MOFA’s in construction represent sales in secondary, nonconstruction, industries. In 2000,
°f S!00^ t0 foreign residents by MOFA's classified in construction were $10.5 billion.
February 2003
Su r v ey
of
17
C u r r e n t B u sin ess
Table 3. Sales of Services to U.S. Persons by Foreign MNC’s Through Their Nonbank MOUSA's, Industry of Affiliate by Country of UBO, 2000
[M illions of dollars]
Europe
All
countries
All industries..............................................................................
Manufacturing..............................................................................................
Of which:
Food........................................................................................................
Chemicals..............................................................................................
Primary and fabricated metals............................................................
Machinery..............................................................................................
Computers and electronic products...................................................
Electrical equipment, appliances, and components.........................
Transportation equipment....................................................................
Wholesale tra d e ..........................................................................................
Of which:
Motor vehicles and motor vehicle parts and supplies......................
Professional and commercial equipment and supplies....................
Retail tra d e ...................................................................................................
Information...................................................................................................
Publishing industries......................................
Newspaper, periodical, book, and database publishers.................
Software publishers.............................................................................
Motion picture and sound recording industries
Motion picture and video industries.........
Sound recording industries.......................
Broadcasting and telecommunications........
Broadcasting, cable networks, and program distribution................
Telecommunications............................................................................
Information services and data processing services.............................
Information services............................................................................
Data processing services....................................................................
Finance (except depository institutions) and insurance...................
Finance (except depository institutions)................................................
Nondepository credit intermediation and related services..............
Securities, commodity contracts, and other intermediation and
related activities................................................................................
Funds, trusts, and other financial vehicles........................................
Insurance carriers and related activities................................................
Insurance carriers, except life insurance carriers............................
Life insurance carriers.........................................................................
Agencies, brokerages, and other insurance related activities.........
Canada
Total
(2)
(1)
(3)
France
Germany
Nether
lands
(4)
(5)
(6)
(7)
(8)
(9)
233,282
31,853
30,098
2,565
43,767
40,160
(D)
31,152
589
73,093
4,228
13,971
(D)
(D)
2
1
(D)
(D)
0
0
26
(D)
405
2,937
2,227
0
14
0
37
217
0
0
519
0
276
0
74
2
223
0
224
(D)
(D)
2
0
30
0
63
0
0
0
0
20
1,276
722
3,109
8,088
(D)
(D)
10,244
(D)
2,960
409
47,977
17,542
15,248
2,294
12,439
(D)
(D)
13,009
169
12,840
4,987
4,683
304
13
(D)
0
76
139
0
0
22
10,167
(D)
(D)
171
(D)
(D)
(D)
(D)
117
(D)
9
(D)
(D)
4,348
33
1,436
203
24,750
13,155
11,300
1,854
603
(D)
(D)
(D)
(*)
(D)
(D)
(*)
3,987
9
(D)
107,392
28,195
1,076
16,753
4,376
332
85,396
21,600
360
27,072
47
79,197
37,498
37,268
4,431
4,044
0
12,377
2,919
21,228
12
63,795
31,897
27,676
4,222
(D)
(D)
0
(D)
(D)
124
79
524
0
47
43
0
0
6
820
710
(D)
(D)
28
28
0
72
0
72
10
0
10
8,891
2,328
22
2,306
0
6,563
1,475
(D)
(D)
2,887
2,738
149
7,616
4,650
2,966
477
202
275
Professional, scientific, and technical services..................................
Architectural, engineering, and related services...................................
Computer systems design and related services...................................
Management, scientific, and technical consulting.................................
Other...........................................................................................................
Legal services.......................................................................................
Accounting, tax preparation, bookkeeping, and payroll services
Specialized design services...............................................................
Scientific research and development services..................................
Advertising and related services
Other professional, scientific, and technical services......................
25,836
4,170
4,209
3,531
13,927
23
39
29
701
12,068
1,066
1,537
276
594
6
660
21,831
3,535
2,288
3,256
12,753
13,078
661
855
(D)
(D)
0
4
0
8
Other industries.......................
Agriculture, forestry, fishing, and hunting...............................................
Mining.........................................................................................................
Utilities....................................
Construction1........................
Transportation and warehousing.............................................................
Of which:
Air transportation.............................................................................
Rail transportation...........................................................................
Water transportation........................................................................
Truck transportation.........................................................................
Support activities for transportation...............................................
Management of companies and enterprises........................................
Administration, support, and waste management.................................
Administrative and support services..................................................
Of which:
Employment services.................................................................
Travel arrangement and reservation services..........................
Waste management and remediation services.................................
Health care and social assistance..........................................................
Accommodation and food services.........................................................
Accommodation....................................................................................
Food services and drinking places....................................................
Miscellaneous services............................................................................
Educational services............................................................................
Arts, entertainment, and recreation...................................................
Other services (except public administration and private
households)......................................................................................
(D)
(D)
(D)
(D)
762
33
17
0
(D)
(D
(D)
(D)
(D)
(D)
(D)
83
1,755
353
(D)
(D)
(D)
(D)
(D)
(D)
69
(D)
69
1
0
(*)
1
1
0
(D)
(D)
14,369
4,096
19,797
1,886
82
(D)
0
(D)
(D)
(*)
0
0
0
1
0
1
(D)
(D)
0
21,121
9,080
10
(D)
(D)
(D)
(D)
3
312
(D)
(D)
3
117
fl»
(D)
(D)
(D)
240
(D)
(D)
(D)
(D)
(D)
695
19,450
3,971
144
2,268
67
8
(D)
(D)
3,825
3
15,478
(D)
(D)
41
0
8
6
2
4
4
0
483
375
(D)
(D)
(D)
1,306
26
672
(D)
0
6
2
53
342
0
111
0
(D)
(D)
91
1
679
0
4,038
0
471
465
0
0
0
0
1
0
0
0
57
(*)
76
0
1,863
0
465
460
0
0
2
0
0
0
(D)
(D)
12
394
6
0
0
0
12
392
6
(D)
(D)
(D)
(D)
(D)
(D)
(*)
1
1
198
833
231
0
220
2,891
2,282
609
711
191
475
0
238
0
0
4
(D)
11
46
10,658
2,080
140
5,656
15,380
0
16
5
1,189
10,646
1,395
129
4
454
129
3
27
3
0
1,697
375
0
2
(D)
1
0
0
(D)
8,323
4,001
4,322
141
99
42
50
20
22
(D)
(D)
9
(D)
35
107
(D)
(D)
(D)
(D)
79
0
79
19
0
2
599
5
230
0
37
0
(D)
723
546
176
49
12
27
0
17
363
10
1,736
510
0
0
3,819
6,585
5,818
767
(D)
(D)
69
1,235
(D)
850
0
3,502
3,502
(*)
0
142
0
217
0
(D)
(D)
6
(D)
(D)
(*)
(D)
(D)
2,146
1,475
143
(D)
(D)
2,592
(D)
26
(D)
(D)
(D)
(D)
676
160
0
0
8
(D)
(*)
(D)
(D)
(D)
16
0
(D)
(D)
(D)
0
0
0
1,142
9
0
9
(*)
(*)
0
1,133
0
1,133
0
0
0
4
10
0
3,081
(*)
0
(*)
0
2,832
154
2,448
2,448
19
(D)
(D)
(D)
1
1
0
2,985
(D)
1,501
70
1,737
180
46
133
9
(D)
(D)
(D)
0
0
0
0
282
0
0
0
0
(D)
(*)
1
2
0
1,572
0
288
288
(D)
(D)
0
47
5,379
8,828
5
5
0
0
760
15
0
2
0
(D)
0
700
571
(D)
1,524
(D)
41
14,507
12
(D)
(D)
(D)
(D)
61
(D)
1,430
(D)
6,073
154
17,110
16,980
1,427
(D)
(D)
13
(D)
86
(D)
87
0
249
244
87
414
159
0
167
2,038
2,539
985
10,309
154
18,143
18,003
(D)
0
0
0
0
0
0
0
0
(*)
0
0
0
65
1,685
2
(D)
2
1,315
61
18
20
109
316
4
29
254
29
0
0
0
12
0
17
4,564
13
(D)
61
42
522
6,366
7
121
1
(D)
1,799
4,315
299
2,588
0
0
0
0
0
0
0
26
5,440
1,023
498
563
3,357
13
0
1
159
2,717
466
24,090
6
24
10,007
176
5,958
4,217
28
51
13
20
75
(D)
(D)
172
0
1
14
157
0
27
18
(D)
(D)
(D)
(D)
(D)
57,286
48
362
11,756
1,415
13,159
77
9
1,315
510
(D)
(D)
0
18,429
0
175
(D)
(D)
4,759
(D)
(D)
(D)
(D)
(D)
351
216
24
85
26
0
0
0
26
0
0
2,052
(*)
12,041
7,403
95,068
74
3,412
21,899
2,102
23,933
(D)
(D)
(D)
(D)
(D)
(D)
0
(13)
28,531
0
0
19
10
10
0
(12)
8,731
61
0
47
5,592
n
(11)
1,939
937
1,002
(D)
(D)
(D)
(D)
(D)
0
914
26
15,801
6,078
5,284
794
Japan
(D)
(D)
0
165
(D)
Australia
198
198
1
(D)
(D)
9,070
(D)
(D)
11
135
2,120
(D)
United
States
1,016
931
84
10,273
1,796
8
17,911
37
19
377
11,565
(*)
(D)
Of which:
Total
49
10
2,201
2,199
0
3
935
919
16
(D)
(*)
2
0
138
245
(D)
(D)
48
20
1,099
Other countries
(10)
51,328
1,394
18,150
14,249
3,900
United
Kingdom
346,669
41,593
Real estate and rental and leasing..........................................................
Real estate.................................................................................................
Rental and leasing (except real estate).................................................
* Less than $500,000.
D Suppressed to avoid disclosure of data of individual companies.
MNC Multinational company
MOUSA Majority-owned U.S. affiliate
UBO Ultimate beneficial owner
Switzer
land
Latin
America
and Other
Western
Hemi
sphere
Of which:
11
964
619
346
28
0
28
0
(D)
(*)
(D)
(*)
(*)
(*)
1,959
356
(D)
0
0
10
174
0
0
0
“8
(*)
(D)
(D)
5
3,426
3,055
371
1,260
74
951
9
226
0
0
10
155
31
30
(P)
(*)
(*)
0
(D)
(D)
0
0
126
125
2
194
0
(D)
3
(D)
0
0
0
1
(D)
(*)
4
(*)
0
(*)
0
1. Because sales resulting from construction activities are recorded as sales of goods rather than as sales of services,
the sales of services through MOUSA’s classified in construction represent sales in secondary, nonconstruction industries.
In 2000, sales of goods to U.S. residents by MOUSA’s in construction were estimated to be $25.1 billion. These sales of
goods were estimated by subtracting exports of goods from the total sales of goods.
18
B E A ’s International Accounts
February 2003
U.S. Direct Investm ent Abroad
he Bureau of Economic Analysis produces com
prehensive data on U.S. direct investment abroad
that are essential to the compilation of the U.S. eco
nomic accounts and for the analysis of multinational
companies. The data, which are widely recognized to
be the world’s most complete and accurate, are ob
tained from mandatory surveys.
U.S. direct investment abroad is defined as owner
ship by a U.S. investor of at least 10 percent of a foreign
business. The direct investor is known as a U.S. parent,
and the U.S.-owned foreign business is known as a for
eign affiliate. The combined global operations of a U.S.
parent company and its foreign affiliates constitute a
U.S. multinational company.
The Bureau collects and publishes two broad sets of
data on U.S. direct investment abroad: (1) Interna
tional transactions and direct investment position
data, and (2) financial and operating data of U.S. mul
tinational companies. Both sets are available in consid
erable detail by industry and by country.
T
International transactions and direct
investm ent position data
The international transactions data cover the foreign
affiliates’ transactions with their U.S. parent, so these
data focus on the U.S. parent’s share, or interest, in its
affiliates rather than on the affiliates’ overall size or
level of operations. These data are essential to the com
pilation of the U.S. international transactions ac
counts, the international investment position, and the
national income and product accounts. The major
data items include capital flows, which measure the
funds that U.S. parents provide to their foreign affili
ates, and income, which measures the return on those
funds. The data also cover royalties and license fees and
other service charges that parents receive from or pay
to their affiliates. All of these items are flow data and
provide measurement for a particular time frame, such
as for a quarter or a year.
Direct investment position data are stock data and
are cumulative; they measure the total outstanding
level of U.S. direct investment abroad at yearend. Esti
mates are provided both at historical cost and in terms
of current-period prices. Two alternative official mea
sures of the position are presented in current-period
prices— one with direct investment recorded at current
cost, and the other with direct investment recorded at
market value. For the historical-cost estimates, tables
are published by country and by industry.
Financial and operating data
The financial and operating data provide a picture of
the overall activities of foreign affiliates and U.S. par
ent companies using a wide variety of indicators of
their financial structure and operations. The data on
foreign affiliates cover the entire operations of the affil
iate, irrespective of the percentage of U.S. ownership.
These data cover items that are needed in analyzing the
characteristics, performance, and economic impact of
multinational companies, such as sales, gross product
(value added), employment and compensation of em
ployees, capital expenditures, exports and imports,
and research and development expenditures. Separate
tabulations are available for affiliates that are majority
owned by their U.S. parent because the concept of ma
jority control is often important in the analysis of mul
tinational companies.
Uses of the data
The data can be used to measure the scale of the global
business activity of U.S. multinational companies and
its impact on the U.S. economy and on foreign-host
February 2003
Su r v e y
of
economies. For example, the data can be used to mea
sure:
• The current-dollar value of, and returns on, U.S.
direct investment abroad
•The shares of U.S. and foreign gross domestic prod
uct, employment, exports and imports of goods,
capital stock, and research and development
accounted for by U.S. multinational companies
• Researchers have used the data to analyze:
•The characteristics of firms, industries, and coun
tries that influence the decision to undertake direct
investment abroad
•The impact of U.S. direct investment abroad on
employment, wages, productivity, and tax revenues
C u r r e n t B u sin ess
cal-Cost Position and Related Capital and Income
Flows,” usually in the September issue of the S u r v e y
• “Direct Investment Positions: Country and Industry
Detail,” usually in the July issue of the S u r v e y
• “U.S. Multinational Companies: Operations”
The S u r v e y articles referenced above are available
on our Web site at <www.bea.gov>.
Detailed tables on the operations of U.S. multina
tional companies are available in annual data publica
tions and in compressed files that can be downloaded
free of charge from our Web site. For information on
these and other data products, see the International In
vestment Division Product Guide under the “Interna
tional” section of our Web site.
Availability
For more inform ation
For more information on these data, see the following
articles that appear annually in the S u r v e y o f C u r r e n t
B u s in e s s , the monthly journal of the Bureau:
• “U.S. Direct Investment Abroad: Detail for Histori
Call Patricia C. Walker, Chief of the Direct
Investment Abroad Branch of the International
Investment Division, at 202-606-9889 or e-mail
patricia.walker@bea.gov.
19
20
B E A ’s International Accounts
February 2003
Table 1. U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 1999-2001
[M illions of dollars]
Direct investment position on a
historical-cost basis
All countries, all industries...........................................................
By country
Canada.....................................................................................................
Capital outflows (inflows (-))
1999
2000
2001
1,173,122
1,293,431
1,381,674
1999
2000
174,576
Income
2001
164,969
1999
113,977
2000
112,359
2001
135,109
111,089
111,747
128,814
139,031
18,122
18,950
14,440
12,103
14,688
11,773
611,958
679,457
725,793
99,224
92,427
56,133
57,704
66,523
55,667
39,960
48,445
110,321
44,499
228,574
38,752
50,963
117,557
55,854
241,663
38,457
61,437
131,884
62,897
249,201
512
4,268
8,253
8,407
47,839
2,011
3,099
2,953
9,959
35,763
655
11,360
16,058
6,629
13,231
1,386
4,621
12,598
7,098
14,915
2,404
4,588
11,858
7,025
20,655
1,920
2,690
13,417
7,576
12,051
Latin America and Other Western Hemisphere
Of which:
Berm uda.........................................................................................
Brazil................................................................................................
Mexico.............................................................................................
Panama...........................................................................................
237,748
251,863
269,556
34,277
23,442
26,510
19,636
18,703
18,718
51,613
37,383
32,888
33,143
56,594
39,033
37,332
29,316
61,929
36,317
52,168
25,296
7,786
3,484
5,978
2,259
6,532
3,091
5,302
1,231
5,865
-17
15,078
753
4,373
1,511
4,448
2,365
6,036
1,579
4,371
501
5,045
756
4,409
452
Africa........................................................................................................
13,621
14,417
15,872
498
1,151
798
1,876
2,675
2,063
Middle E as t.............................................................................................
10,712
11,087
12,643
5
1,635
1,269
1,180
2,254
1,314
Asia and Pacific.......................................................................................
Of which:
Australia...........................................................................................
Japan...............................................................................................
184,313
205,317
216,501
21,890
27,333
15,012
19,927
29,983
21,153
34,743
56,393
35,364
59,441
34,041
64,103
3,244
9,449
2,421
6,279
-423
5,474
2,472
4,749
3,586
7,805
1,690
5,683
International............................................................................................
3,024
2,476
2,278
560
31
-184
-68
282
402
Europe......................................................................................................
Of which:
France..............................................................................................
Germany..........................................................................................
Netherlands....................................................................................
Switzerland......................................................................................
United Kingdom..............................................................................
By industry
Petroleum.................................................................................................
90,493
95,834
102,074
9,481
10,594
12,668
10,174
18,667
13,866
Manufacturing..........................................................................................
Food and kindred products................................................................
Chemicals and allied products.........................................................
Primary and fabricated m etals.........................................................
Industrial machinery and equipment...............................................
Electronic and other electric equipment..........................................
Transportation equipment..................................................................
Other manufacturing..........................................................................
306,156
34,225
81,656
18,328
35,337
36,996
36,045
63,569
353,550
35,933
100,872
18,773
41,199
49,065
40,052
67,656
376,259
35,496
108,663
21,488
52,392
48,391
39,142
70,687
34,939
1,359
7,346
1,088
6,393
3,940
6,687
8,126
58,049
2,913
16,462
633
7,305
16,156
7,159
7,420
36,381
1,692
10,800
2,895
12,039
905
578
7,473
33,213
3,821
9,250
1,381
4,445
3,679
4,416
6,220
38,965
3,868
9,882
1,631
6,652
5,683
3,613
7,637
28,806
4,029
10,355
1,211
4,940
2,768
612
4,890
Wholesale tra d e ......................................................................................
74,215
83,724
92,836
6,413
12,434
9,289
10,837
12,524
12,093
Depository institutions............................................................................
38,365
38,071
49,319
533
-2,221
9,925
856
1,826
2,520
Finance, (except depository institutions), insurance,
and real estate...................................................................................
498,468
542,641
572,545
86,419
54,147
34,983
45,906
52,938
46,135
Services...................................................................................................
72,054
80,144
86,491
14,473
10,785
7,513
8,050
8,912
6,817
Other industries.......................................................................................
93,371
99,469
102,150
22,318
21,182
3,217
3,323
1,277
854
N o t e . 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 16 and 17 in “U.S. Direct Investment Abroad: Detail for Historical-Cost
Position and Related Capital and Income Flows, 2001" in the September 2002 issue of the S u r v e y o f C u r r e n t
B u s in e s s .
February 2003
Su r v e y
of
21
C u r r e n t B u sin ess
Table 2. Selected Financial and Operating Data for Nonbank Foreign Affiliates of U.S. Companies by Country and by Industry of Affiliate, 2000
Majority-owned nonbank foreign affiliates (MOFA's)
All nonbank affiliates
Millions of dollars
Millions of dollars
Net
income
U.S.
exports of
goods
shipped to
MOFA’s
U.S.
imports of
goods
shipped by
MOFA’s
Thousands
of
employees
605,888
195,951
201,374
8,064.7
16,712
105,202
72,398
333,375
59,508
50,816
77,827
36,594
1,038.7
3,687.9
124,751
200,192
126,261
3,445
8,347
15,735
35,754
54,819
23,371
5,005
8,535
7,572
3,124
4,467
1,770
544.0
605.2
169.0
1,272,450
656,101
397,179
295,893
29,590
33,412
110,643
70,401
13,340
40,277
10,842
45,111
1,185.7
1,583.8
403.6
100,130
61,895
2,998
19,413
3,650
2,182
343.5
1,048.1
86,056
99,466
5,321
20,180
31,017
37,408
804.4
237.7
44,127
34,726
3,709
13,877
771
1,972
127.0
(D)
94.1
2,027.0
21,578
708,976
16,131
509,119
2,166
29,913
6,910
108,927
857
43,722
1,831
38,039
64.7
1,562.5
U.S.
exports of
goods
shipped to
affiliates
U.S.
imports of
goods
shipped by
affiliates
Thousands
of
employees
Sales
9,606.9
4,647,439
2,486,855
191,115
82,226
38,244
1,145.4
4,095.8
376,574
2,840,082
328,026
1,302,959
3,391
4,488
(D)
10,848
47,582
586.3
657.8
197.0
163,929
258,561
343,897
1,266.6
2,006.8
(D)
38,957
831
(D)
1,068
46,106
1,831
Sales
5,260,182
2,891,497
209,605
203,007
215,300
428,185
3,046,124
366,701
1,438,611
18,897
113,288
61,511
51,783
186,053
300,512
361,574
137,511
236,095
145,337
3,307
9,806
17,345
(D)
8,590
7,611
1,315,404
797,682
413,467
360,845
29,948
37,864
41,708
137,776
80,024
3,341
3,722
114,653
123,970
6,162
32,000
Africa..........................................................................
59,118
43,595
4,436
Middle East...............................................................
54,491
874,581
33,111
648,635
4,185
30,937
All countries, all industries.......................
Net
income
Total
assets
Total
assets
Gross
product
By country
Canada......................................................................
Europe.......................................................................
Of which:
France................................................................
Germany...........................................................
Netherlands......................................................
United Kingdom...............................................
Latin America and Other Western Hemisphere
Of which:
Brazil..................................................................
M exico..............................................................
Asia and Pacific........................................................
Of which:
Australia............................................................
Japan................................................................
(D)
116,562
69,807
3,619
4,228
(D)
324.0
103,055
56,605
3,497
18,646
4,100
1,216
257.4
342,967
240,240
4,813
15,281
7,188
432.2
257,953
159,593
5,979
36,277
13,815
2,627
233.7
M ining........................................................................
226,750
103,583
21,088
1,335
8,316
157.6
198,715
92,211
18,487
60,060
1,034
7,585
136.7
Utilities.......................................................................
163,071
1,176,742
66,065
1,380,870
4,558
65,861
9
143,189
13
186,356
105.8
5,067.4
102,414
996,919
39,624
1,197,293
2,767
61,830
10,839
317,339
3
137,960
11
173,295
57.7
4,352.5
68,547
261,128
64,704
74,811
175,761
94,095
225,477
49,753
79,741
227,081
3,618
19,791
2,321
3,017
12,056
2,338
19,091
4,110
7,506
35,555
3,479
14,502
4,857
8,200
46,899
406.2
620.4
269.4
389.6
816.9
61,536
228,750
58,134
60,548
168,785
84,377
200,982
43,213
64,429
222,380
3,372
17,955
2,155
2,949
12,134
19,139
58,200
13,249
18,035
41,886
2,258
17,962
3,907
7,101
35,268
3,402
13,889
4,660
7,126
46,065
355.6
559.2
245.9
343.6
777.1
By industry
Manufacturing...........................................................
Of which:
Food...................................................................
Chemicals.........................................................
Primary and fabricated metals.......................
Machinery.........................................................
Computer and electronic products................
Electrical equipment, appliances, and
components.................................................
Transportation equipment...............................
Wholesale trade........................................................
Information.................................................................
Finance (except depository institutions) and
insurance ..............................................................
Professional, scientific, and technical services ...
Other industries........................................................
28,900
31,024
1,333
3,434
4,123
272.1
25,370
27,341
1,223
7,350
3,317
3,529
232.0
194,785
308,096
5,424
57,144
86,907
982.0
156,162
256,286
6,624
48,851
54,817
77,984
872.4
382,980
668,048
26,924
50,106
17,909
717.8
365,091
629,051
26,130
87,025
48,977
17,847
669.1
283,101
153,265
4,445
863
220
698.8
119,966
76,042
307
22,364
846
220
333.0
1,841,581
207,633
24,502
4
0
343.7
1,770,932
194,933
24,007
23,307
4
0
309.8
121,023
1,064,934
85,531
226,501
6,698
55,529
2,032
5,469
(D)
(D)
450.8
2,065.1
118,038
975,364
81,458
176,243
6,576
51,012
33,050
51,904
2,029
5,097
844
1,572
422.9
1,782.9
D Suppressed to avoid disclosure of data of individual companies.
N o t e . The data in this table are from “U .S . Multinational Companies: Operations in 2000” in the December 2002 issue of the S u r v e y o f
C u r r e n t B u s in e s s .
22
B E A ’s International Accounts
February 2003
Foreign Direct Investm ent in the United States
he Bureau of Economic Analysis produces com
prehensive data on foreign direct investment in
the United States that are essential to the compilation
of the U.S. economic accounts and for the analysis of
multinational companies. The data, which are widely
recognized to be the worlds most comprehensive and
accurate, are obtained from mandatory surveys.
Foreign direct investment in the United States is de
fined as the ownership by a foreign investor of 10 per
cent or more of a U.S. business. The direct investor is
known as a foreign parent, and the foreign-owned U.S.
business is known as a U.S. affiliate.
The Bureau collects and publishes three broad sets
of data on foreign direct investment in the United
States: (1) International transactions and direct invest
ment position data, (2) financial and operating data of
U.S. affiliates of foreign companies, and (3) new
investment data.
T
International transactions and direct
investm ent position data
International transactions data cover the U.S. affili
ates’ transactions with their foreign parents, so these
data focus on the foreign parents’ share, or interest,
in their U.S. affiliates rather than on the affiliates’
overall size or level of operations. These data are essen
tial to the compilation of the U.S. international trans
actions accounts, the international investment
position, and the national income and product ac
counts. The major data items include capital flows,
which measure the funds that foreign parents provide
to their U.S. affiliates, and income, which measures
the return on those funds. The data also cover royalties
and license fees and other service charges that
affiliates pay to or receive from their parents. All of
these items are flow data and provide measurement
for a particular time frame, such as for a quarter or
for a year.
Direct investment position data are stock data and
are cumulative; they measure the total outstanding
level of foreign direct investment in the United States
at yearend. Estimates are provided both at historical
cost and in terms of current-period prices. Two alter
native official measures of the position are presented in
current-period prices— one with direct investment re
corded at current cost, and the other with direct invest
ment recorded at market value. For the historical-cost
estimates, tables are published by country and by
industry.
Financial and operating data of U.S. affiliates
Financial and operating data provide a picture of the
overall activities of U.S. affiliates and contain a wide
variety of indicators of their financial structure and
operations. The data cover the entire operations of the
U.S. affiliate, irrespective of the percentage of foreign
ownership. These data cover items that are needed in
analyzing the characteristics, performance, and eco
nomic impact of multinational companies, such as
sales, gross product (value added), employment and
compensation of employees, capital expenditures, ex
ports and imports, and research and development ex
penditures. Tables are published by country, by
industry, and (for selected items) by State. More de
tailed tables by industry and State on affiliate opera
tions at the establishment level are available for
selected years as a result of a special project that linked
the Bureau’s enterprise data for U.S. affiliates with the
establishment data for all U.S. companies from the
Bureau of the Census.
New investm ent data
These data cover the outlays by foreign direct investors
to acquire or establish new U.S. affiliates. In addition,
the new investment data contain selected data on the
operations of the newly acquired or established
affiliates, such as total assets, net income, and em
ployment. These data cover the entire operations of
the affiliate, regardless of the percentage of foreign
ownership.
February 2003
Su r v e y
of
C u r r e n t B u sin ess
Uses of the data
Availability
The data on foreign direct investment in the United
States and the operations of U.S. affiliates can be used
to measure the scale of foreign-controlled business
activity in the United States and its impact on the U.S.
economy. For example, the data can be used to
measure:
•The current dollar value of, and returns on, foreign
direct investment in the United States
•The shares of U.S. gross domestic product, employ
ment, exports and imports of goods, and research
and development accounted for by U.S. affiliates of
foreign companies
Researchers have used the data to analyze:
•The effects of tax policies on foreign direct invest
ment in the United States;
•Differences between foreign- and domestically
owned firms in terms of domestic content, profit
ability, and productivity;
• The impact of foreign direct investment on U.S.
wages;
• Differences between foreign- and domestically
owned establishments in terms of such characteris
tics as wage rates, plant size, capital intensity, and
productivity; and
• The extent of foreign direct investment by individ
ual State and industry, expressed both in absolute
terms (such as in dollars or numbers of employees)
and as percentages of the values for all U.S.
establishments.
For more information on these data, see the following
articles that were published in the S u r v e y o f C u r r en t
B usin ess , the monthly journal of the Bureau:
• “Foreign Direct Investment in the United States:
Detail for Historical-Cost Position and Related
Capital and Income Flows,” usually in the
September issue of the Su r v e y
• “Direct Investment Positions: Country and
Industry Detail,” usually in the July issue of the
23
Su r v e y
• “U.S. Affiliates of Foreign Companies: Operations,”
usually in the August issue of the S u r v e y
• “Foreign Direct Investment in the United States:
New Investment,” usually in the June issue of the
Su r v e y .
The S u r v e y articles referenced above are available on
our Web site at <www.bea.gov>.
Detailed tables on the operations of U.S. affiliates
are available in annual data publications and in
compressed files that can be downloaded free of
charge from our Web site. For information on these
and other data products, see the International
Investment Division Product Guide under the
“International” section of our Web site.
For m ore inform ation
Call David H. Galler, Chief of the Direct Investment
in U.S. Branch, International Investment Division, at
202-606-9835 or e-mail david.galler@bea.gov.
24
February 2003
B E A ’s International Accounts
Table 1. Foreign Direct Investment in the United States
Selected Items, by Country of Foreign Parent and by Industry of U.S. Affiliate, 1999-2001
[M illions of dollars]
Direct investment position
on a historical-cost basis
1999
A ll countries, all in d u strie s......................................................................
By co u ntry
955,726
2000
1,214,254
Capital inflows (outflows (-))
2001
1,321,063
Income
1999
2000
2001
1999
283,376
300,912
124,435
2000
46,385
2001
52,465
15,965
Canada...................................................................................................................
90,559
114,599
108,600
26,367
26,036
4,627
2,215
1,057
-7,736
Europe....................................................................................................................
Of which:
France............................................................................................................
Germany........................................................................................................
Luxembourg..................................................................................................
Netherlands...................................................................................................
Switzerland....................................................................................................
United Kingdom............................................................................................
639,923
835,137
946,758
223,406
238,740
118,059
36,753
41,511
26,043
89,945
112,126
35,644
125,010
52,973
153,797
131,484
124,839
53,794
146,493
69,240
213,820
147,207
152,760
40,232
158,020
125,521
217,746
29,834
23,478
6,887
41,689
2,503
108,566
49,436
14,290
25,230
32,599
16,697
75,654
14,676
28,015
-13,801
15,171
51,959
14,226
2,954
6,123
2,241
7,299
2,844
11,899
3,930
2,390
4,672
8,990
4,113
14,046
7,663
-6,273
3,172
4,368
1,816
11,823
Latin America and Other Western Hemisphere................................................
Of w hich:...........................................................................................................
Bermuda........................................................................................................
Mexico............................................................................................................
Panama.........................................................................................................
United Kingdom Islands, Caribbean..........................................................
40,771
54,463
58,881
16,929
12,253
954
2,397
2,407
-1,399
14,798
1,999
5,275
11,573
18,502
7,832
3,726
15,353
15,748
7,418
4,199
18,244
10,338
1,273
-226
4,137
2,523
5,266
-1,477
3,865
-3,223
-84
449
3,966
41
175
752
1,527
-457
-68
647
1,829
-1,602
-1,070
480
118
A frica.......................................................................................................................
1,361
2,756
3,264
423
652
407
-66
6
-193
Middle East.............................................................................................................
4,362
6,189
6,039
376
2,142
-159
156
259
311
Asia and Pacific.....................................................................................................
Of which:
Australia.........................................................................................................
Japan..............................................................................................................
178,749
201,110
197,522
15,876
21,088
547
4,931
7,225
-1,060
15,616
153,815
20,701
163,577
23,488
158,988
4,193
11,555
5,963
7,773
3,649
-1,550
643
4,006
1,074
5,825
-918
169
By industry
Petroleum...............................................................................................................
51,231
87,055
95,922
4,778
44,869
10,308
4,510
11,435
8,971
Manufacturing........................................................................................................
Food and kindred products..............................................................................
Chemicals and allied products........................................................................
Primary and fabricated metals........................................................................
Machinery..........................................................................................................
Other manufacturing.........................................................................................
385,253
18,864
97,009
19,778
92,038
157,564
479,851
23,975
122,446
24,741
151,237
157,453
508,535
23,847
127,139
25,683
166,198
165,668
69,851
-1,460
7,562
1,839
39,483
22,428
100,693
5,293
26,196
9,057
40,040
20,107
29,246
-233
3,062
-965
14,695
12,687
24,674
1,570
6,317
1,083
2,181
13,524
23,860
1,792
5,906
1,320
6,847
7,996
3,177
1,051
4,472
802
-6,444
3,297
Wholesale trade.....................................................................................................
Retail trade.............................................................................................................
Depository institutions..........................................................................................
Finance, except depository institutions..............................................................
Insurance
Real estate
Services..
Other industries
100,251
24,199
61,756
65,453
83,760
40,209
64,335
79,281
110,286
29,666
68,128
84,383
112,482
42,682
109,504
90,219
112,997
35,811
78,094
85,990
120,400
44,163
125,660
113,491
16,195
4,156
19,326
17,964
23,026
2,492
21,675
103,913
11,320
5,243
9,672
19,957
34,562
998
60,539
13,058
1,855
7,245
8,427
6,414
8,496
1,873
14,718
35,853
5,813
1,641
2,994
816
2,963
1,075
1,873
25
7,016
1,677
3,948
399
4,767
2,291
-920
-2,008
5,549
816
3,370
-5,921
3,183
1,095
-1,853
-2,422
N o t e . 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, 2001" in the September 2002 issue of the
S u r v e y o f C u r r e n t B u s in e s s .
February 2003
Su r v ey
of
25
C u r r e n t B usin ess
Table 2. Selected Financial and Operating Data of Nonbank U.S. Affiliates and Majority-Owned Nonbank U.S. Affiliates
of Foreign Companies by Country of Ultimate Beneficial Owner and by Industry of Affiliate, 2000
All nonbank affiliates
Majority-owned nonbank affiliates
Millions of dollars
Millions of dollars
Total assets
All countries, all industries
Sales
Net income
Gross
product
Millions of dollars
Thousands
U.S. exports U.S. imports
of
of goods
of goods
employees
Total assets
shipped by shipped to
affiliates
affiliates
Millions of dollars
Net income
Sales
Gross
product
Thousands
U.S.
U.S. exports
of
imports of
of goods
employees
goods
shipped by
shipped to
affiliates
affiliates
4,847,267
2,334,692
30,641
522,238
6,429.2
165,321
366,647
4,180,503
2,053,022
22,086
449,396
5,562.6
151,521
348,741
434,177
3,274,267
168,457
1,420,093
-3,670
27,465
40,514
349,863
643.0
4,361.9
9,019
89,063
19,509
145,037
416,420
3,020,496
159,257
1,247,041
-3,792
22,226
36,272
301,085
555.2
3,815.7
8,859
81,543
19.365
139,222
469,643
572,565
582,054
66,738
695,092
734,634
193,135
320,249
254,092
42,435
132,392
363,251
2,516
3,186
4,965
-214
2,513
14,877
57,762
57,995
46,620
11,096
39,924
111,871
648.8
729.8
561.4
234.2
554.0
1,189.9
15,194
32,770
7,498
4,003
6,004
16,970
16,294
53,080
21,895
(D)
8,540
25,105
390,343
558,092
560,755
66,068
671,046
637,335
144,432
308,197
2,765
2,730
(D)
(D)
41,520
120,011
331,175
-186
2,154
12,270
38,854
54,033
42,641
10,724
34,015
100,143
401.0
691.4
546.9
225.5
459.0
1,102.8
(D)
32,167
7,214
3,982
5,917
16,303
(D)
52,740
21,827
4,696
8,373
24,701
146,009
105,033
-599
26,597
275.8
9,272
20,978
136,603
95,183
-813
25,073
262.1
8,998
17,488
60,491
19,507
1,679
35,792
16,278
1,238
-762
46
18
11,872
2,952
524
135.7
57.2
6.8
(D)
(D)
58,264
18,080
1,563
35,179
14,977
1,170
-715
110
6
11,796
2,759
498
132.2
53.8
6.7
(D)
(D)
1,592
126
1,597
3,291
109
126
109
39,199
13,297
11,758
29,912
705,084
9,576
29,800
6,449
16,011
576,943
-360
656
181
568
1,072
1,673
6,480
1,322
3,150
89,282
34.1
8.3
14.2
50.9
1,019.5
1,947
10,590
269
1,846
177,721
38,679
9,298
-348
1,584
32.3
403
474
802
54,686
(D)
(D)
(D)
(D)
(D)
(D)
(D)
H
(D)
(D)
27,434
557,549
14,301
513,157
489
3,868
1,283
2,434
77,928
14.0
38.1
848.2
(D)
789
48,943
1,947
(D)
266
1,758
169,450
69,095
558,934
246,060
31,948
477,831
41,707
-643
4,316
5,625
9,319
72,041
11,510
83.3
826.8
63.9
1,428
44,130
2,004
1,438
151,368
1,287
60,519
445,551
25,605
429,732
-741
5,015
(D)
(D)
(D)
(D)
69.6
699.9
29.4
40,894
(D)
7,909
62,241
5,320
(D)
147,125
1,192
1,108,046
979,597
11,796
237,032
2,658.3
101,248
149,875
1,000,442
852,164
10,985
217,358
2,441.9
91,048
134,932
45,143
257,094
47,388
160,496
302
3,887
11,018
44,832
147.6
386.8
2,467
15,528
4,398
16,388
44,099
238,314
45,567
145,362
296
3,195
10,631
40,821
140.8
356.7
2,374
14,295
4,377
16,099
65,699
66,528
66,282
54,207
1,244
-885
17,282
15,506
219.2
230.6
4,930
6,735
7,719
7,849
57,252
64,744
57,196
52,612
669
-36
15,069
15,323
204.9
223.6
4,125
6,545
6,830
7,375
173,303
129,225
-4,847
28,705
337.4
19,329
37,731
137,673
117,587
-3,755
27,229
305.3
14,645
30,463
66,099
199,695
407,715
74,259
318,489
60,221
205,220
637,978
114,977
121,684
280
3,890
14,530
-279
-4,387
19,878
35,016
86,444
24,676
41,878
284.4
390.8
574.4
674.4
408.9
8,717
30,731
57,844
1,535
709
4,284
46,806
207,041
65,680
192,444
398,811
60,826
169,464
59,765
193,099
616,015
102,648
69,125
254
3,519
13,683
163
-4,050
19,737
32,278
82,849
22,346
19,959
282.7
358.3
543.7
603.5
242.8
8,583
29,213
54,431
(D)
687
4,231
(D)
204,816
(D)
161
By country
Canada............................................
Europe.............................................
Of which;
France......................................
Germany.................................
Netherlands...........................
Sweden...................................
Switzerland............................
United Kingdom.....................
Latin America and Other Western
Hemisphere................................
Of which;
Bermuda.................................
M exico....................................
Panama..................................
United Kingdom Islands,
Caribbean..........................
Venezuela...............................
A frica...............................................
Middle East.....................................
Asia and Pacific..............................
Of which:
Australia..................................
Japan......................................
United States..................................
(D)
(D)
By industry >
Manufacturing.................................
Of which:
Food.........................................
Chemicals...............................
Primary and fabricated
metals.................................
Machinery...............................
Computers and electronic
products..............................
Electrical equipment,
appliances, and
components.......................
Transportation equipment....
Wholesale tra d e ............................
Retail trade.....................................
Information.....................................
Of which:
Publishing industries.............
Broadcasting and
telecommunications..........
Finance (except depository
institutions) and insurance........
Real estate and rental and leasing
Professional, scientific, and
technical services......................
Other industries..............................
(D)
240
71,021
35,582
98
13,764
139.2
■ (D)
127
(D)
30,415
-385
10,695
122.8
(D)
(D)
165,541
59,205
-3,848
21,895
178.4
5
(D)
38,335
13,517
-3,692
2,837
35.1
(*)
1
2,472,481
122,797
243,337
25,691
10,543
1,331
41,433
10,936
291.8
49.5
(*)
(D)
5
649
2,162,327
110,543
211,823
22,589
3,396
1,069
33,260
9,418
252.0
38.7
(*)
(D)
5
649
51,405
292,075
32,241
179,186
-1,135
-1,759
9,672
70,167
148.9
1,623.1
366
(D)
336
(D)
46,919
231,172
29,665
148,994
-634
-2,527
9,038
55,169
133.4
1,306.7
356
3,242
336
(D)
Notes. The data in this table are from BEA’s annual survey of the operations of U .S . affiliates of foreign companies; see
D Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000.
“U.S. Affiliates of Foreign Companies: Operations in 2000,” in the August 2002 issue of the S u r v e y o f C u r r e n t B u s in e s s .
1. The industry classification system used tc classify the data for U.S. affiliates is based on the North American Industry
Size ranges are given in employment cells that are suppressed. The size ranges are: A—1 to 499; F—500 to 999; G—
1,000 to 2,499; H -2,500 to 4,999; 1-5,000 to 9,999; J—10,000 to 24,999; K-25,000 to 49,999; L-50,000 to 99,999;
Classification System. Prior to 1997, the affiliate data were classified using an industry classification system based on the
M— 100,000 or more.
Standard Industrial Classification system.
BEA’s International Accounts
26
February 2003
Research and Analysis
he Bureau of Economic Analysis conducts a vari
ety of research and analytical activities in support
of the international accounts. The topics covered in
clude all the major areas in which the Bureau produces
international statistics— the international transactions
accounts, the international investment position, and
the operations of U.S. parent companies, their foreign
affiliates, and U.S. affiliates of foreign companies. The
results of the research may be published in the S u r v e y
o f C u r r e n t B u s i n e s s , presented in outside publications
or meetings, or used in-house to improve the accounts.
To interpret the accounts and place them in context,
the Bureau’s economists relate developments in the in
ternational accounts to developments in the U.S. and
foreign economies, such as macroeconomic develop
ments, changes in exchange rates, and events in mar
kets for particular types of goods, services, and
financial assets. The results of this work are included in
regular and special analytical S u r v e y o f C u r r e n t
B u s in e s s articles and in news releases presenting the
accounts.
Some of the research conducted by the Bureau’s in
ternational accounts staff has resulted in the develop
ment of new methodologies that have improved the
usefulness of the accounts or expanded their scope and
application. An example is the development of tech
niques for valuing direct investment in terms of current-period prices in the international transactions
accounts and the international investment position.
Valuation on this basis gives a more meaningful pic
ture of U.S. international investment, and of the in
come earned on that investment, than can be obtained
from statistics based on historical-cost accounting.
Another research project resulted in the construc
tion of a breakdown of the U.S. current account along
ownership lines, to supplement the conventional
breakdown based primarily on the types of goods and
services traded. Presentation on this basis gives a more
detailed picture of the role and importance of multina
tional companies in U.S. international trade and
T
investment than is available from the conventional
breakdown. It also provides an alternative measure of
U.S. economic performance that reflects the net effect
on the U.S. economy, not only of cross-border exports
and imports but also of the participation of U.S. firms
in international markets through locally established af
filiates.
In the area of operations of affiliates, the Bureau’s
researchers have developed techniques for deriving es
timates of gross product (value added) of multina
tional companies from accounting data reported for
these companies in the Bureau’s surveys. Recently, a
methodology was introduced for valuing the gross
product of majority-owned foreign affiliates of U.S.
companies in real terms, thus isolating movements in
production in real terms from movements attributable
to changes in prices and exchange rates.
As the collector of primary source data on U.S. di
rect investment abroad and foreign direct investment
in the United States, the Bureau conducts significant
research to analyze and interpret these data. This work
may be done at the level of statistical aggregates for
countries and industries, or it may involve the analysis
of microdata for individual companies. In some cases,
the research has been done in collaboration with out
side researchers. In all cases, the research is done under
strict guidelines and procedures that protect the confi
dentiality of company-specific data, as required by law.
Among the topics covered by recent research projects
have been intrafirm trade of U.S. and foreign multina
tional companies, rates of return on foreign direct in
vestment in the United States, the structure of
production and origin of content of production by for
eign affiliates of U.S. companies and U.S. affiliates of
foreign companies, and expansion strategies of U.S.
multinational firms. The results of some of these and
several other projects were published in a compen
dium, International Direct Investment: Studies by the
Bureau of Economic Analysis (Washington, DC: U.S.
Government Printing Office, 1999).
February 2003
Su r v e y
of
The Bureau’s international accounts staff have
participated in numerous outside activities. Staff
have been involved in the development of
international statistical guidelines. For example, they
have participated in exercises, coordinated by
international organizations, to prepare international
manuals for balance-of-payments compilation, for
statistics on trade in services, and in an ongoing exer
cise to prepare a manual on indicators of
globalization. Staff have also given papers and pre
sentations at a number of outside meetings and con
ferences, both academic and business-related.
Recently, papers have been presented on trade-in-services statistics, on intrafirm trade, and on multinational-company expansion strategies. Some of the
papers have subsequently been included in outside
publications.
Some research projects are undertaken with a view
to improving the quality of the data. One recent
project examined services related to e-commerce and
the Internet, to ensure that these and other new types
C u r r e n t B usin ess
27
of services were adequately covered and properly de
scribed in BEA’s surveys of international trade in ser
vices. Another recent project compared U.S. data on
trade in goods with similar data for selected partner
countries to see if they suggested undercounting in the
U.S. data.
The Bureau’s international accounts staff also pre
pare methodologies and users’ guides explaining the
accounts, documenting their methodologies and pro
cedures, and describing implementation strategies for
new and evolving international standards. Much of
this research material is available on the Bureau’s Web
site at <www.bea.gov>.
For more information
Call Christopher L. Bach, Chief of the Balance of
Payments Division, at 202-606-9545, or e-mail
chris.bach@bea.gov; or call Ned G. Howenstine,
Chief of the Research Branch, International Invest
ment Division, at 202-606-9845, or e-mail
ned.howenstine@bea.gov.
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February 2003
29
Personal Incom e by State, Third Q uarter 2002
By G. Andrew Bernat, Jr. and John R. Kort
ERSONAL income for the Nation grew 0.9 percent
in the third quarter o f 2002, down from increases
o f 1.2 percent in the prior two quarters o f 2 002.1 This
third-quarter growth is 0.5 percentage point less than
P
1. Estimates of personal income are only available in current dollars. Per
cent changes from the preceding quarter are expressed at quarterly rates.
N o te.
T he quarterly estim ates o f State person al
incom e are p rep ared by the R egional E conom ic M easure
m ent Division.
the average increase o f 1.4 percent during the 1990s ex
pansion. In the midst o f the national slowdown in
growth, one-half o f the States grew at least as fast in the
third quarter as in the second. Several large States— in
cluding California, New York, Texas, and Illinois—
grew more slowly in the third quarter (table A).
Growth ranged from 1.5 percent in M ontana to 0.5
percent in Michigan (chart 1).
Table 1 at the end o f this article presents the quar
terly estimates o f personal income for each State and
Chart 1. Personal Income: Percent Change 2002:ll-2002:lll
MA 0.6
Rl 0.6
CT 0.7
NJ 1.0
DE 0.9
MD 1.0
DC 0.7
O
U.S. growth rate = 0.9 percent
Highest quintile
HI 0.8
□
Fourth quintile
1
Third quintile
I
i Second quintile
Lowest quintile
U.S. Bureau o f Econom ic A nalysis
30
Personal Incom e by State
region, beginning with the fourth quarter of 1998. Ta
ble 2 presents the quarterly estimates of personal in
come by major source and of earnings by industry,
beginning with the first quarter of 2001.
The slowdown in personal income reflected a down
February 2003
turn in rental income and decelerations in transfer
payments and interest income. These changes were
partly offset by an upturn in farm proprietors’ income
and a small step-up in wage and salary disburse
ments.
Table A. Personal Income, by State and Region, 2001:11-2002:111
[M illions of dollars, seasonally adjusted at annual rates]
2002
2001
II
United States............................................
III
IV
lr
ilr
Percent change from preceding quarter1
III"
2001:1V
2002:1
2002:ll
Rank
based on
2002: II2 0 0 2 :lll2
2002:iil
8,669,921
8,697,999
8,692,940
8,794,858
8,904,317
8,984,227
-0.1
1.2
1.2
0.9
145,566
34,276
248,478
42,993
31,865
17,500
145,221
34,443
247,285
42,966
32,200
17,583
144,408
34,608
246,759
42,965
32,049
17,662
145,916
35,390
248,342
43,243
32,947
17,864
146,949
35,641
252,490
44,158
33,215
17,986
147,969
36,057
254,029
44,627
33,399
18,202
-0.6
0.5
-0.2
0.0
-0.5
0.5
1.0
2.3
0.6
0.6
2.8
1.1
0.7
0.7
1.7
2.1
0.8
0.7
0.7
1.2
0.6
1.1
0.6
1.2
42
9
44
15
47
6
25,796
23,036
188,899
325,753
683,235
376,868
26,072
22,972
189,959
327,663
683,650
378,925
25,972
23,019
190,170
327,982
683,421
377,825
26,598
23,383
193,805
334,061
677,906
386,342
26,594
23,803
196,235
334,624
691,539
389,668
26,846
23,982
198,130
337,930
696,973
393,136
-0.4
0.2
0.1
0.1
0.0
-0.3
2.4
1.6
1.9
1.9
-0.8
2.3
0.0
1.8
1.3
0.2
2.0
0.9
0.9
0.7
1.0
1.0
0.8
0.9
23
20
36
30
411,340
169,454
297,595
327,376
157,802
413,747
170,505
298,898
329,274
158,761
411,479
170,282
297,954
328,568
158,613
414,510
172,151
297,220
332,418
160,884
420,811
174,730
305,693
336,642
162,143
423,819
176,624
307,213
338,454
164,163
-0.5
-0.1
-0.3
-0.2
-0.1
0.7
1.1
-0.2
1.2
1.4
1.5
1.5
2.9
1.3
0.8
0.7
1.1
0.5
0.5
1.2
41
12
50
48
5
79,761
76,689
164,370
158,423
49,299
16,370
20,093
80,123
77,419
165,031
159,641
49,751
16,565
20,326
80,046
77,296
164,912
159,673
49,933
16,481
20,378
81,898
79,462
166,762
161,952
51,522
17,065
20,711
82,108
79,978
168,282
162,461
51,799
16,875
20,946
82,736
80,917
169,751
163,320
52,357
17,049
21,119
-0.1
-0.2
-0.1
0.0
0.4
-0.5
0.3
2.3
2.8
1.1
1.4
3.2
3.5
1.6
0.3
0.7
0.9
0.3
0.5
-1.1
1.1
0.8
1.2
0.9
0.5
1.1
1.0
0.8
38
7
31
49
14
18
33
109,740
61,380
474,193
240,495
100,934
108,827
61,969
225,430
100,766
154,840
234,189
41,096
110,160
61,843
477,155
241,700
101,980
110,406
62,278
225,125
101,537
155,587
233,312
41,403
110,182
62,186
478,044
242,091
101,801
111,263
62,611
224,959
101,249
155,165
234,224
41,651
111,555
63,049
485,585
245,543
103,113
112,952
63,840
229,957
102,993
158,508
234,810
42,288
112,688
63,910
492,866
248,863
104,149
113,808
64,321
230,465
104,114
160,626
239,063
42,543
113,648
64,421
500,141
250,507
105,594
114,894
64,798
233,155
105,109
162,073
241,423
42,783
0.0
0.6
0.2
0.2
-0.2
0.8
0.5
-0.1
-0.3
-0.3
0.4
0.6
1.2
1.4
1.6
1.4
1.3
1.5
2.0
2.2
1.7
2.2
0.3
1.5
1.0
1.4
1.5
1.4
1.0
0.8
0.8
0.2
1.1
1.3
1.8
0.6
0.9
0.8
1.5
0.7
1.4
1.0
0.7
1.2
1.0
0.9
1.0
0.6
32
34
2
43
4
26
40
8
25
29
21
46
137,088
42,070
86,432
607,435
138,817
42,709
87,104
610,014
137,895
43,092
87,460
611,359
140,427
43,917
88,536
615,587
142,207
44,290
89,110
622,865
143,711
44,774
90,041
627,503
-0.7
0.9
0.4
0.2
1.8
1.9
1.2
07
1.3
0.8
0.6
1.2
1.1
1.1
1.0
0.7
16
11
17
39
148,167
32,484
21,633
54,918
14,445
147,797
32,697
21,947
55,070
14,681
147,150
32,684
21,726
55,267
14,831
147,976
33,478
22,001
55,911
15,155
149,711
33,362
22,260
56,191
15,218
150,579
33,684
22,589
56,799
15,440
-0.4
0.0
-1.0
0.4
1.0
0.6
2.4
1.3
1.2
2.2
1.2
-0.3
1.2
0.5
0.4
0.6
1.0
1.5
1.1
1.5
45
24
1
13
3
19,650
1,128,323
35,411
63,059
97,723
194,386
19,780
1,126,393
35,684
63,712
97,903
192,225
19,798
1,126,948
35,569
62,781
97,851
190,644
20,327
1,138,909
36,579
64,337
99,344
195,831
20,470
1,155,581
37,068
64,888
100,669
197,643
20,664
1,166,906
37,355
65,399
101,820
199,614
0.1
0.0
-0.3
-1.5
-0.1
-0.8
2.7
1.1
2.8
2.5
1.5
2.7
0.7
1.5
1.3
0.9
1.3
0.9
0.9
1.0
0.8
0.8
1.1
1.0
27
22
37
35
10
19
520,678
1,623,587
1,363,568
565,003
1,913,861
873,026
271,647
1,538,552
519,699
1,629,240
1,371,186
568,855
1,922,486
878,644
272,192
1,535,698
518,451
1,628,390
1,366,898
568,720
1,925,425
879,806
271,659
1,533,591
523,703
1,642,094
1,377,183
579,372
1,954,192
888,468
274,520
1,555,326
530,439
1,662,463
1,400,019
582,449
1,977,416
898,471
276,742
1,576,318
534,283
1,676,997
1,410,273
587,249
1,998,546
906,030
279,092
1,591,757
-0 2
-0.1
-0.3
0.0
0.2
0.1
-0.2
-0.1
10
0.8
0.8
1.9
1.5
1.0
1.1
1.4
1.3
1.2
1.7
0.5
1.2
1.1
0.8
1.3
0.7
0.9
0.7
0.8
1.1
0.8
0.8
1.0
New England
Connecticut..............................................
M aine........................................................
Massachusetts........................................
New Hampshire.......................................
Rhode Island............................................
Vermont.....................................................
Mideast
Delaware..................................................
District of Columbia.................................
Maryland...................................................
New Jersey...............................................
New \fork..................................................
Pennsylvania............................................
28
Great Lakes
Illinois........................................................
Indiana......................................................
Michigan....................................................
Ohio...........................................................
Wisconsin.................................................
Plains
Iowa...........................................................
Kansas......................................................
Minnesota..................................................
Missouri.....................................................
Nebraska...................................................
North Dakota..............................................
South Dakota............................................
Southeast
Alabama....................................................
Arkansas..................................................
Florida.......................................................
G eorgia.....................................................
Kentucky....................................................
Louisiana..................................................
Mississippi................................................
North Carolina..........................................
South C arolina.........................................
Tennessee.................................................
V irginia......................................................
West Virginia............................................
Southwest
Arizona......................................................
New Mexico..............................................
Oklahoma..................................................
Texas.........................................................
Rocky Mountain
Colorado....................................................
Idaho.........................................................
Montana....................................................
Utah...........................................................
W yoming...................................................
Far West
Alaska.......................................................
California...................................................
Hawaii........................................................
Nevada......................................................
O regon......................................................
Washington..............................................
BEA regions
New England................................................
Mideast..........................................................
Great Lakes
Plains.......
Southeast.
Southwest
Rocky Mountain
Far West..,
' Revised.
” Preliminary.
1. Percent changes are expressed at quarterly rates.
2. Ranks based on unrounded growth rates.
February 2003
Su r v e y
of
C u r r e n t B u sin ess
31
P e rs o n a l in c o m e g ro w th by c o m p o n e n t
Net earnings for the Nation grew 1.1 percent in the
third quarter, compared with 0.8 percent in the second
(table B ).2 Net earnings increased in all States in the
third quarter, and 37 States recorded faster growth in
the third quarter than in the second. In contrast, net
earnings had declined in 14 States in the second quar
ter.
Transfer payments grew more slowly in the third
quarter than at any time since the third quarter o f
2000. Growth in transfer payments picked up in only
three States— California, Vermont, and Alaska. The
widespread slowdown in transfer payments was partly
attributable to a substantial deceleration in State un
employment insurance benefits, as the unemployment
rate dipped to 5.7 percent in the third quarter from 5.9
percent in the second. State unemployment insurance
benefits declined in 37 States. However, unemploy
m ent benefits increases in California, Oregon, Wash
ington, Vermont, and New Jersey had relatively large
effects on total personal income in these States. Except
2. Net earnings is calculated as earnings by place o f 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 labor income, and pro
prietors’ 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 indus
trial 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 insur
ance are not estimated by industry. For the definitions of the components
of earnings, see U.S. Bureau of Economic Analysis, State Personal Income,
19 2 9 -9 7 (Washington, DC: U.S. Government Printing Office, 1999), or go
to BEA’s Web site at <www.bea.gov/bea/mp.htm> , and look under
“Regional programs” for “State Personal Income, 1 9 29-97.”
Chart 2. Industry Composition of Net Earnings
Growth, 2002:11-2002:111
G overnm ent (19%)
U.S. Bureau of Economic Analysis
for Vermont, these States had increases in extended
benefits, which are available to workers who have ex
hausted regular unemployment insurance benefits
during periods o f high unemployment.
Property incom e (dividends, interest, and rent) de
clined 0.2 percent in the third quarter, in contrast to an
increase o f 1.9 percent in the second. In all States,
rental income and interest incom e declined, but divi
dend incom e increased. The downturn in rental in
come reflected an upturn in expenses, specifically
closing costs associated with mortgage originations,
spurred by record refinancing in the quarter. Lower in
terest income reflected lower short-term and
long-term interest rates.
E a rn in g s g ro w th by in d u s try
For the Nation, services, government, and finance, in
surance, and real estate contributed 0.8 percentage
point to the 1.1-percent growth in earnings in the third
quarter (table C). Earnings growth in services contrib
uted the most to total earnings growth in 34 States, and
in most o f the other States, earnings growth in govern
ment was the m ajor contributor. In Idaho, New M ex
ico, Wyoming, and North Dakota, farming was the
m ajor contributor, and in Nebraska, earnings in nondurable-goods manufacturing was the m ajor contribu
tor. Manufacturing earnings registered a small increase
for the Nation, but earnings in durable goods declined
in 19 States— particularly in Michigan, Mississippi,
and Connecticut— and earnings in nondurable goods
declined in 14 States. The remaining five industries ac
counted for about a fourth o f total net earnings growth
among the States (chart 2).
Manufacturing earnings. Manufacturing earnings
increased in the second and third quarters o f 2002 after
declining for six consecutive quarters, the longest se
ries o f declines in more than 30 years. In the recession
in the early 1990s, manufacturing earnings declined
for only two consecutive quarters, and in the recession
in the early 1980s, manufacturing earnings declined
for five consecutive quarters, but only one o f these de
clines was as large as the declines in 2001 and 2002
(chart 3).
A consequence o f the recent declines in m anufac
turing earnings was a further reduction in m anufac
turing’s share o f net earnings. In the third quarter of
2002, manufacturing accounted for 15.1 percent o f to
tal net earnings, down from 17.3 percent in the first
quarter o f 2000 and down from 25.1 percent in 1981.
The decline in the importance o f manufacturing as a
source o f earnings is evident in almost all States. For
example, in the third quarter o f 2002, manufacturing
32
February 2003
Personal Incom e by State
accounted for 20 percent or more of net earnings in 10
States; Michigan had the highest share at 29 percent
(table D). These shares are substantially lower than 10
years earlier, when manufacturing’s share of net earn
ings exceeded 20 percent in nearly half the States and
when the shares in Michigan, Indiana, Delaware, and
Table B. Personal Income by Component, by State and Region, 2002:111
[Seasonally adjusted]
Percent change
Personal
income
Net
earnings1
Dividends,
interest,
and rent
Transfer
payments
Contribution to percent change in personal
income (percentage points)
Percent
change in
personal
income
Net
earnings'
Dividends,
interest,
and rent
Transfer
payments
Dollar change (millions)2
Personal
income
Net
earnings1
Dividends,
interest,
and rent
Transfer
payments
United S tates................................................
0.9
1.1
-0 .2
1.2
0.9
0.77
-0.04
0.18
79,910
68,130
-3,988
15,768
New England
Connecticut............................................
M aine......................................................
Massachusetts......................................
New Hampshire.....................................
Rhode Island..........................................
Vermont...................................................
0.7
1.2
0.6
1.1
0.6
1.2
1.0
1.6
0.8
1.5
0.7
1.2
-0.3
-0.1
-0.3
-0.3
-0.4
0
0.6
1.1
0.9
0.8
0.8
2.7
0.7
1.2
0.6
1.1
0.6
1.2
0.68
1.00
0.54
1.03
0.47
0.78
-0.05
-0.02
-0.06
-0.05
-0.07
0
0.07
0.19
0.13
0.08
0.16
0.43
1,020
416
1,539
469
184
216
1,000
358
1,370
456
156
139
-79
-9
-148
-2 3
-2 3
-1
97
67
317
37
51
77
Mideast
Delaware................................................
District of Columbia...............................
Maryland................................................
New Jersey.............................................
New York................................................
Pennsylvania..........................................
0.9
0.7
1.0
1.0
0.8
0.9
1.3
1.1
1.3
1.1
1.1
1.1
-0.4
-0.3
-0.4
-0.2
-0.1
-0.2
1.0
0.5
1.2
2.0
0.3
1.3
0.9
0.7
1.0
1.0
0.8
0.9
0.91
0.74
0.92
0.76
0.75
0.70
-0.09
-0.06
-0.08
-0.03
-0.02
-0.03
0.12
0.07
0.12
0.25
0.05
0.22
252
179
1,895
3,306
5,434
3,468
242
177
1,805
2,558
5,192
2,744
-2 3
-14
-153
-99
-111
-123
33
16
243
847
355
846
Great Lakes
Illinois......................................................
Indiana...................................................
Michigan.................................................
Ohio.........................................................
W isconsin...............................................
0.7
1.1
0.5
0.5
1.2
1.0
1.4
0.5
0.8
1.7
-0.1
0.2
0.2
-0.2
0
0.3
0.6
1.0
0.4
0.8
0.7
1.1
0.5
0.5
1.2
0.70
0.95
0.30
0.51
1.12
-0.01
0.04
0.03
-0.04
0.01
0.03
0.09
0.16
0.06
0.12
3,008
1,894
1,520
1,812
2,020
2,932
1,664
931
1,714
1,824
-56
65
101
-121
10
133
165
489
219
187
Plains
Iowa.........................................................
Kansas....................................................
Minnesota...............................................
Missouri...................................................
Nebraska................................................
North Dakota..........................................
South Dakota..........................................
0.8
1.2
0.9
0.5
1.1
1.0
0.8
1.0
1.4
1.1
0.7
1.3
1.4
1.0
0
0
0
-0.2
0.2
0
0.2
0.9
1.8
1.0
0.8
1.4
1.0
1.3
0.8
1.2
0.9
0.5
1.1
1.0
0.8
0.63
0.93
0.76
0.44
0.84
0.87
0.60
0
0.01
-0.01
-0.04
0.04
-0.01
0.04
0.13
0.24
0.12
0.13
0.19
0.17
0.18
628
939
1,469
859
558
174
173
517
741
1,279
707
437
147
126
2
5
-13
-59
23
-1
8
110
194
205
210
99
29
38
Southeast
Alabama.................................................
Arkansas................................................
Florida,
Georgia
Kentucky
Louisiana
Mississippi
North Carolina........................................
South C arolina......................................
Tennessee
Virginia....................................................
West V irginia..........................................
0.9
0.8
1.5
0.7
1.4
1.0
0.7
1.2
1.0
0.9
1.0
0.6
1.1
1.0
2.3
0.9
1.9
1.2
0.9
1.6
1.3
1.3
1.3
0.6
-0.2
0
-0.1
-0.3
-0.1
-0.1
0
-0.3
-0.3
-0.6
-0.6
-0.4
1.0
1.0
0.9
0.9
1.0
1.0
1.0
1.3
0.9
0.7
1.2
1.1
0.9
0.8
1.5
0.7
1.4
1.0
0.7
1.2
1.0
0.9
1.0
0.6
0.72
0.61
1.34
0.61
1.23
0.77
0.54
1.02
0.86
0.86
0.96
0.36
-0.04
0
-0.01
-0.05
-0.02
-0.02
-0.01
-0.06
-0.05
-0.09
-0.11
-0.06
0.17
0.20
0.15
0.11
0.18
0.20
0.21
0.21
0.15
0.13
0.13
0.26
960
511
7,275
1,644
1,445
1,086
477
2,690
995
1,447
2,360
240
815
387
6,622
1,513
1,278
881
345
2,349
892
1,385
2,302
155
-50
-2
-68
-135
-24
-19
-5
-132
-5 2
-140
-257
-26
196
126
722
265
190
222
137
474
154
203
316
112
Southwest
Arizona....................................................
New Mexico............................................
Oklahoma...............................................
Texas.......................................................
1.1
1.1
1.0
0.7
1.4
1.3
1.4
0.9
-0.4
-0.3
-0.2
-0.3
1.2
1.6
1.1
1.1
1.1
1.1
1.0
0.7
0.95
0.87
0.89
0.66
-0.07
-0.05
-0.03
-0.05
0.18
0.28
0.19
0.14
1,504
484
931
4,638
1,345
384
790
4,082
-102
-22
-30
-290
261
123
172
847
Rocky Mountain
Colorado..................................................
Idaho.......................................................
Montana..................................................
Utah.........................................................
W yoming................................................
0.6
1.0
1.5
1.1
1.5
0.7
1.2
2.4
1.4
1.9
-0.3
0
-0.1
-0.4
0.3
1.0
1.3
0.4
1.1
1.6
0.6
1.0
1.5
1.1
1.5
0.53
0.77
1.43
1.03
1.18
-0.05
0.01
-0.02
-0.07
0.08
0.10
0.19
0.07
0.12
0.20
868
322
329
608
222
794
257
317
581
180
-71
3
-4
-41
12
146
62
15
68
30
Far West
A laska.....................................................
California................................................
Hawaii......................................................
Nevada....................................................
Oregon....................................................
W ashington............................................
0.9
1.0
0.8
0.8
1.1
1.0
1.1
1.0
1.2
1.2
1.3
1.2
0
-0.7
-0.3
-0.4
-0.2
-0.4
1.3
3.3
0
0.5
2.3
2.0
0.9
1.0
0.8
0.8
1.1
1.0
0.72
0.69
0.83
0.81
0.81
0.78
0
-0.13
-0.06
-0.08
-0.03
-0.07
0.22
0.42
0
0.06
0.36
0.28
194
11,325
287
511
1,151
1,971
147
7,916
307
527
819
1,545
1
-1,451
-21
-52
-33
-131
45
4,860
0
37
365
557
BEA regions
New England..............................................
Mideast........................................................
Great Lakes................................................
Plains...........................................................
Southeast....................................................
Southwest
Rocky Mountain..........................................
Far West..
0.7
0.9
0.7
0.8
1.1
0.8
0.8
1.0
1.0
1.1
1.0
1.0
1.5
1.0
1.1
1.1
-0.3
-0.2
0
0
-0.2
-0.3
-0.2
-0.6
0.9
0.9
0.6
1.1
1.0
1.2
1.0
2.8
0.7
0.9
0.7
0.8
1.1
0.8
0.8
1.0
0.66
0.77
0.65
0.68
0.96
0.73
0.77
0.71
-0.05
-0.03
0
-0.01
-0.05
-0.05
-0.04
-0.11
0.12
0.14
0.09
0.15
0.16
0.16
0.12
0.37
3,844
14,534
10,254
4,800
21,130
7,559
2,350
15,439
3,481
12,719
9,063
3,952
18,924
6,599
2,129
11,262
-283
-523
-2
-36
-911
-444
-101
-1,687
646
2,339
1,192
885
3,116
1,404
321
5,864
1. Net earnings is earnings by place of work—the sum of wage and salary disbursements (payrolls), other labor income,
and proprietors’ income—less personal contributions for social insurance plus an adjustment to convert earnings by place
of work to a place-of-residence basis.
2. Dollar changes are expressed at annual rates,
Estimates may not add to totals because of rounding,
N o te.
February 2003
Su r v ey
of
33
C u r r e n t B usin ess
Ohio were 30 percent or more. Over this 10-year pe
riod, North Dakota, South Dakota, and Nevada were
the only States in which manufacturing’s share of net
earnings increased; in each of these States, manufac
turing accounted for a relatively small share of net
earnings.
Table C. Earnings by Major Industry, by State and Region, 2002:111
[Seasonally adjusted]
Percent change
Earnings by industry
Earnings by
place of work
Farms
Construction
Mining
Durable
Nondurable Transportation
and public
goods
goods
manufacturing manufacturing
utilities
Wholesale
trade
Retail trade
Finance,
insurance,
and real
estate
Services
Government
United S ta te s .......................................
1.1
13.4
0
0.7
0.1
0.8
0.6
1.0
0.6
1.8
1.3
1.3
New England
Connecticut...................................
M aine.............................................
Massachusetts.............................
New Hampshire............................
Rhode Island.................................
Vermont..........................................
0.9
1.6
0.8
1.6
0.7
1.2
6.1
8.7
18.9
10.1
3.4
4.0
-0.7
0.9
1.0
8.4
5.7
-4.6
1.7
2.4
-0.3
2.4
-2.6
1.6
-2.1
1.8
0.7
2.9
-0.3
-0.4
1.2
0.9
0.1
-0.1
0
-0.4
0
1.1
0.5
-2.4
0.9
2.8
0.2
1.3
-0.2
1.9
2.8
-0.4
1.4
0.9
-0.3
0.2
0.1
0.6
1.8
1.9
2.0
2.7
1.9
2.3
1.3
1.5
1.1
1.2
0.6
1.3
1.3
1.5
0.3
2.7
1.5
2.1
1.3
0.9
1.3
1.1
1.2
1.1
18.4
Maryland.......................................
New Jersey....................................
New York.......................................
Pennsylvania.................................
19.0
6.8
2.4
22.8
(2)
(2)
3.1
-0.2
3.5
-0.3
-1.8
2.6
3.2
0.9
1.5
1.4
6.4
-3.1
1.4
0.9
-0.2
-1.2
-0.1
1.7
-0.2
0.5
-0.3
2.0
1.4
0.4
-0.1
1.0
0.1
1.0
-0.1
0.5
0.6
1.2
1.0
1.1
1.0
1.4
0.3
0.9
0.6
0.4
1.8
2.4
1.8
2.2
1.7
1.9
1.5
0.5
1.2
1.3
1.5
1.7
1.4
1.0
1.6
0
0.8
0.3
Great Lakes
Illinois.............................................
Indiana...........................................
Michigan.........................................
Ohio................................................
Wisconsin......................................
1.0
1.4
0.4
0.8
1.7
17.6
14.9
0
-25.8
O
-0.3
-0.4
4.7
-0.2
1.6
2.7
1.3
0.4
0.4
1.5
0
1.2
-1 .9
-0.7
2.2
0.4
2.5
0.2
1.4
-1.1
0.8
0.4
0.9
0.3
1.2
0.5
1.8
0.5
1.2
0.2
0.4
-0.1
0
0.8
0.9
2.1
1.6
2.3
2.2
2.6
1.3
1.5
1.3
1.1
2.1
0.4
2.0
0.8
0.9
0.5
Plains
Iowa................................................
Kansas...........................................
Minnesota......................................
Missouri..........................................
Nebraska........................................
North Dakota.................................
South Dakota.................................
1.0
1.5
1.1
0.6
1.3
1.3
0.9
-6.8
-0.3
(1)
5.5
31.1
0
0.6
0.1
0.6
2.1
-0 .3
-6.4
4.5
2.2
3.4
0
0.9
-2.3
-0.6
3.3
-0.6
1.8
0.2
0.9
0.7
-3.2
-2.2
1.6
2.4
0.6
-2.2
5.9
3.2
1.4
0.4
0.3
0.1
1.6
1.3
0.8
0.7
1.0
0.9
0.1
0.4
2.2
2.7
2.1
0.8
0.5
0.4
0.5
0.4
0.3
0.1
2.4
1.8
2.3
1.5
2.3
2.0
2.3
1.4
1.4
1.3
0.9
0.4
1.1
0.7
1.0
1.7
1.6
0.4
0.7
1.6
1.5
Southeast
Alabama.........................................
Arkansas........................................
Florida............................................
Georgia..........................................
Kentucky........................................
Louisiana........................................
Mississippi.....................................
North Carolina...............................
South Carolina..............................
Tennessee.....................................
Virginia...........................................
West V irginia.................................
1.1
1.0
2.3
0.8
2.0
1.2
0.8
1.5
1.3
1.3
1.4
0.5
16.5
0.6
7.4
20.4
17.2
13.5
15.5
28.4
17.2
(’ )
6.3
(’ )
1.3
-1.0
-2.3
0.6
0
0.7
1.0
0.6
-1.5
1.9
0.8
-3.4
1.5
0.2
1.5
-4.6
3.6
-0.1
0.2
-0.4
2.0
-0.2
1.4
-4.2
-0.2
-1.0
2.0
0.7
0.5
2.5
-2 .7
1.4
1.2
3.3
3.5
1.9
1.8
3.1
6.3
1.5
2.3
2.6
-0.1
1.3
-0 .3
1.5
0
-1 .8
0.5
0.8
0.8
1.1
1.2
0.6
0.3
0.1
0.7
1.1
0
0.4
0.9
0.9
1.3
1.6
1.5
0.8
0.3
1.7
1.0
0.2
1.6
0.8
0.5
0.6
0.8
-0.3
1.1
0.9
0.3
0.8
0.2
0.6
0.9
0.1
1.7
2.7
1.7
1.3
2.2
1.5
1.5
2.1
2.1
1.8
1.9
2.2
1.2
1.1
2.0
1.3
1.7
1.3
1.6
1.8
1.4
1.5
1.1
1.6
1.0
1.0
4.7
0.7
2.8
0.9
1.5
1.2
1.9
0.1
1.7
1.1
S outhwest
A rizona...........................................
New Mexico...................................
Oklahoma......................................
Texas..............................................
1.4
1.3
1.4
0.9
16.9
38.0
0.6
-0.1
-3.5
-2.7
1.5
-0.2
1.5
1.6
1.0
0.3
0.1
-3.5
3.7
0.7
1.5
-2.0
0.9
0.6
0.1
-2.0
0.6
0.8
0.8
1.5
1.3
1.0
0.6
0.4
0.8
0.5
1.4
-0.2
2.5
1.7
1.3
1.8
1.6
0.9
2.7
1.3
0.7
1.3
Rocky M ountain
Colorado........................................
Idaho..............................................
M ontana........................................
Utah................................................
W yom ing.......................................
0.7
1.1
2.3
1.4
1.9
17.5
19.8
(1)
17.2
30.0
0.8
-0.4
1.7
-3.5
2.7
-0.1
-3.2
4.1
1.5
-0.2
-1.6
0.8
-0.5
5.9
1.3
-0.4
2.7
6.2
2.4
1.0
-0.5
0.1
-1.6
-0.5
-0.9
0.9
1.3
2.1
0.8
1.8
-0.1
1.0
0.1
-0.1
0.9
0.9
2.1
3.0
1.8
1.5
1.5
0.8
1.0
0.1
-0.5
0.7
-0.3
1.3
2.6
3.6
Far West
Alaska............................................
California.......................................
Hawaii.............................................
Nevada..........................................
O regon...........................................
W ashington...................................
1.0
1.0
1.2
1.2
1.3
1.1
13.8
10.7
3.4
19.6
11.4
3.5
-5.0
0.3
1.0
-0.1
5.5
0.8
3.2
0.1
-1.5
1.1
0
1.7
-7 .0
-1.0
2.4
2.2
1.5
-0.3
-2.9
-1 .0
1.9
5.4
0.8
1.1
0.3
0.5
1.1
1.7
0.8
0.1
0.8
1.3
1.6
1.0
-0.2
1.1
1.6
1.1
0.7
0.7
0.8
0.3
0.9
1.7
2.1
2.3
1.9
1.8
2.2
1.1
1.9
0.6
1.4
1.3
1.6
1.5
0.9
1.3
1.3
1.6
BEA regions
New England.....................................
Mideast...............................................
Great Lakes.......................................
Plains..................................................
Southeast...........................................
Southwest...........................................
Rocky Mountain.................................
Far W est.............................................
0.9
1.1
1.0
1.0
1.5
1.0
1.1
1.0
8.7
11.5
295.8
4.6
16.5
6.7
26.5
9.6
0.6
0.7
0.8
-0.2
-0.1
-0.2
1.0
-0.8
0.6
1.6
1.4
0.9
0.1
0.6
0.1
0.4
0
-0.2
-0.3
0.4
1.4
0.7
0.8
-0.6
0.5
0.7
0.7
0.7
1.7
0.6
1.2
-0.5
0.3
0.6
0.7
0.8
0.7
0.6
-0.6
0.5
0.3
1.0
0.8
0.7
1.2
1.0
1.0
1.2
0.3
0.6
0.4
0.5
0.6
0.5
0.1
1.0
2.0
1.8
2.1
2.0
1.8
1.7
1.3
1.7
1.2
1.4
1.4
1.1
1.6
1.1
1.0
1.2
1.0
0.7
0.8
1.1
2.0
1.4
1.2
1.4
Mideast
Delaware.......................................
1. Not meaningful.
2. Data are suppressed to avoid disclosure of confidential information.
Personal Incom e by State
34
Chart 3. U.S. Manufacturing Earnings Growth
February 2003
In general, the States with the highest manufactur
ing shares o f net earnings had slower than average
growth in overall net earnings in recent years (chart 4).
Except for the last four quarters, the States with the
highest manufacturing share o f net earnings in the
third quarter o f 2002 had below-average growth in ev
ery quarter since the second half o f 1995. The
above-average growth in these States in the most recent
quarters is partly due to a relative improvement in the
manufacturing job market in these States. Preliminary
evidence indicates that job losses may have slowed
more for the States with the highest manufacturing
shares in the past three quarters than for other States.
Percent change from preceding quarter
R e c e n t tre n d s in S ta te p e rs o n a l in c o m e
g ro w th
Quarters from business cycle peak
U.S. Bureau of Economic Analysis
Table D. Manufacturing’s Share of Net Earnings
[Percent]
1972:111
1982:111
1992:111
2002:lll
United S ta te s ................................................
26
24
20
15
Michigan..........................................................
Indiana............................................................
Wisconsin........................................................
Ohio..................................................................
Arkansas.........................................................
Kentucky..........................................................
Delaware.........................................................
Iowa..................................................................
South C arolina...............................................
North Carolina................................................
42
42
34
39
25
25
38
24
32
33
39
38
33
36
26
23
40
26
31
32
34
32
29
30
25
23
32
23
28
28
29
28
24
23
21
20
20
20
20
20
Tennessee.......................................................
Minnesota........................................................
Pennsylvania..................................................
Alabama..........................................................
Vermont...........................................................
O regon............................................................
Mississippi.......................................................
Kansas............................................................
Idaho...............................................................
Missouri...........................................................
31
24
34
27
25
25
26
17
16
27
29
26
30
26
29
24
25
21
17
26
26
24
23
24
23
20
25
18
18
22
19
19
19
19
18
18
17
17
17
17
Illinois..............................................................
New Hampshire..............................................
Connecticut.....................................................
Oklahoma........................................................
Massachusetts...............................................
M aine..............................................................
Rhode Island..................................................
Georgia...........................................................
West Virginia..................................................
W ashington.....................................................
31
29
33
16
27
27
30
24
25
21
26
29
33
16
29
29
31
22
21
23
21
22
23
18
20
21
21
18
18
18
17
16
16
15
15
14
14
14
14
14
Nebraska.........................................................
California.........................................................
Utah..................................................................
Louisiana.........................................................
Texas................................................................
New Jersey......................................................
South Dakota..................................................
Arizona............................................................
New York.........................................................
Virginia ............................................................
15
21
16
17
19
28
7
15
23
18
16
21
17
16
19
24
11
18
22
17
15
17
16
15
16
18
12
15
16
14
13
13
13
13
13
13
12
12
11
10
Colorado..........................................................
North Dakota..................................................
Florida.............................................................
M ontana..........................................................
M aryland.........................................................
New Mexico.....................................................
Nevada............................................................
W yoming.........................................................
Alaska.............................................................
Hawaii..............................................................
16
4
13
9
15
6
4
6
6
6
16
7
13
10
12
7
5
5
5
5
13
7
11
8
9
8
4
5
6
4
10
9
8
7
7
6
5
5
4
3
Because quarter-to-quarter changes in State personal
income are subject to large swings, it is useful to look
at the change in State personal income in the current
quarter relative to the same quarter a year earlier. Table
E and chart 5 show the growth in quarterly State per
sonal income from the fourth quarter o f 1999 through
the third quarter o f 2002.
U.S. personal income increased 3.3 percent from the
third quarter o f 2001 to the third quarter o f 2002, up
from an increase o f 2.7 percent from the second quar
ter o f 2001 to the second quarter o f 2002. After peaking
at an 8.7-percent annual increase in the third quarter
o f 2000, the annual change in U.S. personal income
slowed through the fourth quarter o f 2001 and picked
up thereafter. Similar growth trends are evident for the
top-growth and bottom-growth quintile States, where
Chart 4. Change in Total Net Earnings: Four-Quarter
Moving Average
Percent
U.S. Bureau of Economic Analysis
February 2003
Su r v e y
of
35
C u r r e n t B usin ess
the quintiles are based on income growth in third
quarter of 2002 (chart 1). However, these top-quintile
States have not always out-performed the other quin
tiles. Growth in personal income has been higher in
the top-quintile States than in the bottom-quintile
States since the fourth quarter of 2000; previously, the
growth in the top-quintile States was slower than aver
age (chart 4).
Table E. Growth in Personal Income from the Same Quarter a Year Earlier, 1999:IV-2002:III
[Seasonally adjusted]
Percent change
m ea name
1999:1V
2000:ll
2000:1
2000:111
2000:IV
2001:1
2001:11
2001:111
2001:1V
2002:ll
2002:1
2002:lll
United S tates................................................
5.1
7.3
8.1
8.7
7.7
5.5
4.0
2.6
1.4
1.6
2.7
3.3
Nebraska................................................
W yom ing................................................
New Mexico
Florida
Maine
Hawaii
Kansas
Alaska
District of Columbia...............................
Maryland................................................
Tennessee..............................................
5.7
6.0
2.6
4.6
3.3
2.9
4.4
3.1
1.6
5.1
5.3
5.1
6,0
4.5
5.8
7.6
4.6
4.8
6.1
7.0
6.9
6.8
6.0
6.7
5.3
6.6
7.6
6.0
6.9
6.8
8.2
7.6
6.6
5.6
6.4
5.7
7.4
5.6
4.7
8.1
8.1
8.3
8.1
6.8
3.3
7.7
5.6
7.8
7.3
6.0
4.0
6.4
8.8
8.6
6.0
5.1
6.1
7.0
5.8
6.7
5.4
6.2
4.8
5.4
6.5
4.2
4.1
6.2
6.0
5.1
4.8
3.4
3.8
5.3
4.7
5.7
3.5
3.6
6.9
6.7
4.3
4.3
3.7
2.5
4.5
3.3
4.5
2.7
3.6
5.0
6.3
2.9
3.6
1.7
3.0
3.9
1.2
2.8
1.7
5.2
6.6
5.7
3.5
3.5
3.4
3.9
5.1
2.5
3.3
2.9
5.1
5.4
5.3
3.9
4.0
4.7
4.3
4.2
3.3
3.9
3.7
5.2
5.2
4.8
4.8
4.7
4.7
4.5
4.5
4.4
4.3
4.2
Arkansas................................................
Louisiana................................................
Mississippi..............................................
O regon...................................................
South Dakota.........................................
New Hampshire.....................................
W ashington............................................
Pennsylvania..........................................
Rhode Island..........................................
G eorgia..................................................
4.3
1.9
3.4
4.9
5.1
5.9
8.3
3.5
3.6
6.5
5.3
4.0
5.0
6.9
7.5
12.5
9.4
5.8
6.5
8.0
5.7
4.8
6.0
7.5
6.8
11.8
9.1
6.4
7.0
8.8
6.9
5.5
5.5
8.0
6.2
11.6
6.1
7.1
7.1
9.4
5.0
4.9
4.4
6.0
4.5
11.1
4.3
6.9
7.0
8.1
5.1
5.6
5.0
4.5
3.5
5.6
1.3
5.4
5.7
5.5
4.3
5.2
3.6
2.8
3.1
4.5
4.6
3.9
4.5
4.3
3.1
5.7
3.2
1.5
3.7
2.5
3.4
3.1
4.0
3.2
3.8
5.6
3.5
1.3
3.2
0.6
1.2
1.4
2.4
2.2
3.3
4.8
3.3
1.6
4.1
0.5
3.2
2.7
3.4
2.6
4.1
4.6
3.8
3.0
4.2
2.7
1.7
3.4
4.2
3.5
4.2
4.1
4.0
4.0
3.9
3.9
3.8
3.8
3.7
3.6
California................................................
Indiana....................................................
North Carolina.......................................
Kentucky.................................................
Arizona....................................................
Vermont..................................................
South Carolina......................................
Virginia....................................................
Wisconsin...............................................
Oklahoma...............................................
7.2
3.9
5.2
4.1
6.0
5.9
4.7
5.9
4.8
4.6
9.9
6.6
6.6
7.7
10.2
7.1
6.4
6.6
6.2
5.6
10.2
7.8
7.5
7.9
8.1
8.1
7.6
9.2
6.7
7.0
12.4
8.2
9.7
8.3
8.9
6.8
7.4
9.5
6.6
8.4
9.5
5.5
7.4
7.0
8.6
7.6
6.7
9.0
5.7
7.7
5.8
3.7
5.5
4.3
5.0
6.7
5.9
6.9
4.9
6.7
4.1
2.4
3.7
3.5
5.9
5.0
3.3
6.1
3.6
4.9
0.5
1.7
2.1
3.2
5.3
5.2
3.1
3.8
3.1
3.7
0.3
2.0
1.1
2.1
3.1
3.3
1.9
2.5
2.0
2.7
0.7
1.7
2.0
2.5
3.7
2.8
2.1
1.8
2.3
2.9
2.4
3.1
2.2
3.2
3.7
2.8
3.3
2.1
2.8
3.1
3.6
3.6
3.6
3.5
3.5
3.5
3.5
3.5
3.4
3.4
West Virginia..........................................
Iowa.........................................................
Alabama
Utah...
New Jersey
Idaho.
Delaware
Montana
North Dakota..........................................
Texas.......................................................
2.6
2.6
4.1
4.4
4.3
7.8
4.6
3.3
1.8
5.9
4.5
6.3
4.9
7.5
7.5
8.1
7.2
5.7
8.2
8.3
5.8
8.1
5.6
8.0
10.4
9.1
9.1
6.2
8.8
9.0
5.6
7.0
5.4
7.5
11.0
8.6
9.4
8.8
9.5
9.9
5.6
5.3
5.1
7.3
10.6
7.2
9.7
6.2
5.4
8.2
5.4
4.4
4.8
5.4
6.0
5.2
6.2
6.0
3.7
6.6
4.3
2.6
3.9
4.7
3.1
4.1
5.2
5.4
1.8
4.2
4.3
2.2
3.7
4.0
2.5
3.8
4.4
5.0
2.5
2.6
3.6
1.7
2.6
3.1
0.4
2.4
1.9
3.0
2.2
1.9
3.7
2.8
2.3
3.0
2.6
3.9
4.0
2.9
4.6
1.1
3.5
2.9
2.7
2.3
2.7
2.7
3.1
2.9
3.1
2.5
3.3
3.3
3.2
3.1
3.1
3.0
3.0
2.9
2.9
2.9
Minnesota...............................................
Ohio..
Michigan
Massachusetts......................................
Nevada
Illinois
Missouri
New York
Connecticut
Colorado.................................................
5.0
3.7
4.4
6.6
5.5
3.4
3.9
4.3
4.9
9.3
7.0
5.5
6.8
11.3
7.1
6.4
5.9
6.1
7.6
9.4
8.1
5.4
6.6
11.2
8.9
7.2
7.4
8.1
8.2
11.7
9.1
5.7
6.4
12.0
9.3
8.3
7.9
7.5
8.0
13.7
8.2
4.2
5.1
10.6
8.0
7.5
6.5
10.1
8.0
10.7
6.4
2.6
1.6
6.3
7.0
5.3
5.1
6.7
6.2
8.8
4.1
2.6
1.5
4.4
5.6
3.3
3.3
3.6
3.9
4.6
2.8
2.3
1.3
1.1
5.4
2.2
2.7
2.2
2.0
1.4
1.4
1.8
0.8
-0.2
2.3
0.5
2.2
-0.3
-0.1
-0.1
1.7
2.0
0.4
-0 .8
3.2
0.6
2.6
-1.6
-0.2
-0.2
2.4
2.8
2.7
1.6
2.9
2.3
2.5
1.2
1.0
1.0
2.9
2.8
2.8
2.7
2.6
2.4
2.3
1.9
1.9
1.9
N ote.
Percent changes are calculated as growth from the previous year's quarter to the current quarter. States are shown ranked according to 2001 :lll-2002:lll growth rates.
36
Personal Incom e by State
In 38 States, personal income grew faster from the
third quarter of 2001 to the third quarter of 2002 than
it did from the second quarter of 2001 to the second
quarter of 2002. Third-quarter to third-quarter growth
ranged from 5.2 percent in Nebraska to 1.9 percent in
New York, Connecticut, and Colorado. Annual U.S.
personal income growth was the strongest since the
second quarter of 2001.
Tables 1 and 2 follow.
Chart 5. Growth in Personal Income from
February 2003
Upcom ing Com prehensive Revisions of State
and Local Area Personal Income
In the spring of 2004, BEA plans to release the
results of comprehensive revisions of State personal
income and of local area personal income.1 These
revisions will incorporate the results of the upcom
ing comprehensive revision of the national income
and product accounts (NIPA’s), which is scheduled
for release in late 2003.2
As in the past, the annual revision of State per
sonal 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 2002 will be on April 23, 2003; in July, there will
be a limited revision to those estimates that will
incorporate the fourth-quarter 2002 tabulations by
the Bureau of Labor Statistics of data on employ
ment and wages for workers covered by State
unemployment insurance.
The next regular release of the local area esti
mates, which will cover 1999-2001, will be on May
6, 2003.
1. Comprehensive revisions, which are usually prepared about every
5 years, provide the opportunity for B E A to introduce major improve
ments into its economic accounts.
2. For information on the comprehensive revision o f the NIPA’s,
including a list o f several major improvements that are being consid
ered, see “Note on the Upcoming Comprehensive Revision o f the
National Income and Product Accounts,” Survey o f C urrent B usiness
82 (November 2002): 6; and Stephanie H. McCulla and Carol E. Moylan, “Preview o f Revised NIPA Estimates for 1997,” Survey 83 (Janu
ary 2003): 10 -1 6 .
February 2003
Su r v e y
of
37
C u r r e n t B usin ess
Table 1. Personal Income by State and Region
[M illions of dollars, seasonally adjusted at annual rates]
1998
1999
Percent
change1
2002
2001
2000
Area name
IV
United States........
II
III
7,568,387 7,647,688 7,715,358 7,801,465
IV
I
II
7,953,533 8,203,812 8,340,348
IV
III
I
II
8,481,147 8,569,877 8,652,160 8,669,921
III
IV
lr
llr
III”
8,697,999 8,692,940 8,794,858 8,904,317 8,984,227
2002:112002:111
0.9
523,703
145,916
35,390
248,342
43,243
32,947
17,864
530,439
146,949
35,641
252,490
44,158
33,215
17,986
534,283
147,969
36,057
254,029
44,627
33,399
18,202
0.7
0.7
1.2
0.6
1.1
0.6
1.2
1,617,843 1,626,431 1,623,587
25,572
25,495
25,796
22,743
22,807
23,036
184,933
187,539
188,899
326,553
325,495
325,753
685,410
688,789
683,235
376,229
372,709
376,868
1,629,240 1,628,390 1,642,094
26,072
25,972
26,598
22,972
23,019
23,383
189,959
190,170
193,805
327,982
334,061
327,663
683,650
683,421
677,906
377,825
386,342
378,925
1,662,463
26,594
23,803
196,235
334,624
691,539
389,668
1,676,997
26,846
23,982
198,130
337,930
696,973
393,136
0.9
0.9
0.7
1.0
1.0
0.8
0.9
1,350,276
409,590
166,879
295,496
322,811
155,500
1,360,571
412,233
169,300
295,990
325,760
157,288
1,363,568
411,340
169,454
297,595
327,376
157,802
1,371,186 1,366,898 1,377,183
413,747
411,479
414,510
170,282
172,151
170,505
297,954
298,898
297,220
329,274
328,568
332,418
158,761
158,613
160,884
1,400,019
420,811
174,730
305,693
336,642
162,143
1,410,273
423,819
176,624
307,213
338,454
164,163
0.7
0.7
1.1
0.5
0.5
1.2
556,687
78,673
75,049
162,672
156,248
48,182
16,125
19,738
563,250
79,642
76,487
164,043
157,887
48,973
16,318
19,899
565,003
79,761
76,689
164,370
158,423
49,299
16,370
20,093
582,449
82,108
79,978
168,282
162,461
51,799
16,875
20,946
587,249
82,736
80,917
169,751
163,320
52,357
17,049
21,119
0.8
0.8
1.2
0.9
0.5
1.1
1.0
0.8
1,672,523 1,694,819 1,709,104 1,721,949 1,752,727 1,800,702 1,831,731 1,856,700 1,877,505 1,900,422 1,913,861 1,922,486 1,925,425 1,954,192 1,977,416 1,998,546
98,104
99,116
100,033
102,163
105,585
106,244
107,387
109,740
110,182
112,688
113,648
100,816
103,969
109,010
110,160
111,555
64,421
55,160
57,056
58,841
59,922
61,041
61,380
61,843
62,186
63,049
63,910
54,693
55,691
56,110
58,101
59,956
500,141
478,044
411,861
418,844
423,249
430,674
464,427
474,193
477,155
485,585
492,866
426,135
443,255
451,126
457,616
469,110
205,842
219,127
230,687
248,863
250,507
210,045
211,956
214,040
226,798
234,246
236,983
239,297
240,495
241,700
242,091
245,543
89,511
89,526
90,365
93,177
100,934
101,801
104,149
105,594
91,305
96,405
97,525
98,850
99,719
100,591
101,980
103,113
114,894
98,029
98,742
98,949
100,470
101,992
103,477
108,827
111,263
112,952
113,808
98,633
104,421
105,409
107,745
110,406
64,321
56,056
56,052
56,442
57,961
59,810
60,521
62,611
63,840
64,798
57,225
58,835
60,357
61,795
61,969
62,278
196,993
217,427
222,454
229,957
230,465
200,510
201,069
207,140
213,692
220,574
225,421
225,430
225,125
224,959
233,155
202,258
104,114
88,942
99,384
101,537
101,249
105,109
89,545
90,673
91,618
93,161
95,281
97,533
98,439
100,888
100,766
102,993
149,624
152,544
160,626
136,750
138,365
140,368
141,762
143,971
147,778
151,432
154,840
155,587
155,165
158,508
162,073
154,051
215,897
234,189
233,312
234,224
239,063
241,423
198,038
202,601
202,094
205,299
209,754
220,691
224,854
228,549
230,703
234,810
41,096
42,543
42,783
37,102
37,025
37,234
37,621
38,072
38,699
39,405
39,712
40,206
40,771
41,403
41,651
42,288
1.1
0.9
0.8
1.5
0.7
1.4
1.0
0.7
1.2
1.0
0.9
1.0
0.6
New England.............
Connecticut............
Maine.......................
Massachusetts.......
New Hampshire......
Rhode Island..........
Vermont...................
447,023
127,594
30,138
209,727
36,297
28,256
15,011
M ideast.......................
Delaware................
District of Columbia
M aryland.................
New Jersey.............
New Y ork................
Pennsylvania..........
1,421,284
22,222
20,574
161,960
283,122
596,684
336,723
Great Lakes...............
Illinois......................
Indiana.....................
Michigan..................
O hio.........................
W isconsin...............
1,228,958
368,550
152,112
269,260
298,672
140,365
Plains..........................
Iowa.........................
Kansas....................
Minnesota...............
M issouri...................
Nebraska................
North Dakota..........
South Dakota..........
503,371
72,789
69,095
143,235
141,130
44,128
15,026
17,969
Southeast...................
Alabam a..................
Arkansas ................
Florida.....................
Georgia....................
Kentucky..................
Louisiana................
Mississippi..............
North Carolina........
South Carolina........
Tennessee..............
V irginia....................
West V irginia..........
I
499,073
140,059
32,693
238,015
41,151
30,486
16,668
509,572
142,385
33,022
244,559
41,918
30,968
16,720
1,438,991 1,445,865 1,465,140
22,464
22,463
22,826
20,216
20,348
20,539
164,610
165,981
168,105
285,764
286,113
288,093
608,705
610,166
622,436
337,232
340,792
343,141
1,480,655 1,531,383 1,563,518
23,243
24,518
24,083
22,012
20,900
21,634
170,286
176,048
178,670
295,277
307,154
315,871
622,305
645,590
659,799
348,645
356,874
362,649
1,585,269
24,971
22,242
181,761
319,804
668,911
367,581
1,235,779 1,245,648
371,626
367,926
153,571
153,063
274,884
272,781
300,836
302,825
141,174
142,743
1,277,147 1,313,496
381,115
391,540
158,111
163,208
281,152
291,320
309,709
317,512
149,917
147,061
448,822
127,910
29,793
211,381
36,212
28,319
15,208
503,233
71,740
68,693
144,211
141,849
44,309
14,543
17,889
454,620
129,499
30,378
214,040
36,802
28,480
15,420
507,623
71,928
69,121
146,001
142,888
44,655
14,782
18,249
463,459
131,798
31,263
218,268
37,547
28,927
15,657
1,255,059
373,645
154,930
277,349
304,691
144,443
512,874
73,279
69,883
147,027
143,998
45,472
14,760
18,454
472,177
133,841
31,126
223,600
38,451
29,270
15,890
524,706
74,699
72,143
150,326
146,698
46,662
15,298
18,880
492,215
137,643
32,056
235,357
40,723
30,152
16,283
534,339
76,285
72,019
154,243
150,256
46,575
15,738
19,223
1,328,376 1,343,526
398,199
404,792
167,661
165,511
293,083
295,077
319,216
321,969
152,366
154,027
545,868
77,775
73,888
157,886
153,412
47,344
16,079
19,483
553,632
78,428
75,539
160,468
155,402
48,034
16,167
19,593
516,386
144,518
33,403
247,339
42,728
31,305
17,094
522,932
146,171
34,210
250,286
43,020
31,868
17,378
520,678
145,566
34,276
248,478
42,993
31,865
17,500
519,699
145,221
34,443
247,285
42,966
32,200
17,583
568,855
80,123
77,419
165,031
159,641
49,751
16,565
20,326
518,451
144,408
34,608
246,759
42,965
32,049
17,662
568,720
80,046
77,296
164,912
159,673
49,933
16,481
20,378
579,372
81,898
79,462
166,762
161,952
51,522
17,065
20,711
Southwest..................
Arizona....................
New Mexico............
Oklahoma...............
Texas.......................
752,962
116,148
37,430
75,584
523,800
758,063
117,100
37,149
76,271
527,543
769,139
119,715
37,670
77,046
534,708
777,229
121,059
37,882
77,503
540,784
795,139
123,155
38,386
79,075
554,524
819,645
129,038
38,837
80,578
571,192
834,563
129,392
39,676
82,405
583,090
850,355
131,796
40,025
84,030
594,504
859,502
133,700
40,549
85,127
600,126
872,148
135,454
41,543
86,002
609,149
873,026
137,088
42,070
86,432
607,435
878,644
138,817
42,709
87,104
610,014
879,806
137,895
43,092
87,460
611,359
888,468
140,427
43,917
88,536
615,587
898,471
142,207
44,290
89,110
622,865
906,030
143,711
44,774
90,041
627,503
0.8
1.1
1.1
1.0
0.7
Rocky Mountain........
Colorado.................
Idaho.......................
M ontana..................
Utah.........................
Wyoming..................
228,817
121,719
27,640
19,237
47,855
12,367
232,570
124,591
28,339
19,094
47,896
12,649
236,012
126,788
28,587
19,330
48,564
12,744
238,695
128,293
29,006
19,218
49,263
12,915
245,840
133,095
29,790
19,878
49,968
13,110
251,980
136,267
30,631
20,173
51,505
13,404
259,380
141,628
31,195
20,525
52,431
13,602
264,940
145,827
31,504
20,909
52,960
13,739
268,028
147,285
31,925
21,103
53,593
14,123
270,446
148,326
32,235
21,386
54,280
14,219
271,647
148,167
32,484
21,633
54,918
14,445
272,192
147,797
32,697
21,947
55,070
14,681
271,659
147,150
32,684
21,726
55,267
14,831
274,520
147,976
33,478
22,001
55,911
15,155
276,742
149,711
33,362
22,260
56,191
15,218
279,092
150,579
33,684
22,589
56,799
15,440
0.8
0.6
1.0
1.5
1.1
1.5
1,313,449 1,335,412 1,347,348
17,399
17,474
17,368
956,511
972,756
984,034
32,084
32,087
32,322
53,841
54,378
54,834
87,527
86,876
88,410
171,264
170,273
166,768
1,367,061
17,501
996,943
32,881
55,301
89,299
175,136
1,405,142 1,460,052
17,907
18,459
1,025,715 1,068,886
33,002
33,569
58,248
56,806
93,544
91,099
187,344
180,613
1,477,839
18,659
1,084,368
34,262
59,720
95,043
185,786
1,517,153
18,920
1,120,994
34,425
60,455
96,457
185,901
1,535,698 1,533,591
19,780
19,798
1,126,393 1,126,948
35,684
35,569
63,712
62,781
97,851
97,903
192,225
190,644
1,555,326
20,327
1,138,909
36,579
64,337
99,344
195,831
1,576,318 1,591,757
20,664
20,470
1,155,581 1,166,906
37,068
37,355
64,888
65,399
100,669
101,820
199,614
197,643
1.0
0.9
1.0
0.8
0.8
1.1
1.0
Far W e st.....................
Alaska......................
C alifornia................
Hawaii......................
Nevada....................
O regon....................
Washington.............
'’Preliminary.
'Revised.
1. Percent change was calculated from unrounded data.
N o t e . The personal income level shown lor the United States Is derived as the sum of the State estimates. It differs from
1,523,649 1,535,960 1,538,552
19,337
19,650
19,056
1,123,250 1,131,361 1,128,323
35,375
35,411
34,976
61,367
63,059
62,313
97,776
97,723
96,578
188,422
189,797
194,386
the estimate of personal income in the national income and product accounts (NIWs) 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.
38
Personal Incom e by S tate
February 2003
Table 2. Personal Income by Major Source
[Millions of dollars, seasonally
United States
Line
Item
2001
I
Income by place of residence
1 Personal income (lines 4-11)..............................................................
2
Nonfarm personal income...............................................................
3
Farm income (line 17).....................................................................
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34).............................
b Less: Personal contributions for social insurance2............................
6 Plus: Adjustment for residence3.........................................................
/ Equals: Net earnings by place of residence........................................
8 Plus: Dividends, interest, and rent4....................................................
9 Plus: Transfer payments......................................................................
10
State unemployment insurance benefits...............................
11
Transfers excluding State unemployment insurance benefits
Earnings by place of work
Components of earnings:
12
Wage and salary disbursements....................................................
13
Other labor income.........................................................................
14
Proprietors’ income5......................................................................
15
Farm proprietors’ income...........................................................
16
Nonfarm proprietors’ income......................................................
Earnings by industry
17
Farm earnings.................................................................................
18
Nonfarm earnings...........................................................................
19
Private earnings.........................................................................
20
Agricultural services, forestry, fishing, and other6................
21
Mining.........
22
Construction.
23
Manufacturing........................................................................
24
Durable goods
25
Nondurable goods
26
Transportation and public utilities...........................................
2/
Wholesale trade
28
Retail trade...
29
Finance, insurance, and real estate......................................
30
Services......
31
Government and government enterprises.................................
32
Federal, civilian......................................................................
33
Military........
34
State and local.......................................................................
Alabama
II
2002
III
IV
I'
II'
2001
2002
I
II
III
IV
lr
II'
111"
109,010
107,736
1,275
109,740
108,438
1,303
110,160
108,904
1,256
110,182
108,901
1,282
111,555
110,661
894
112,688
112,137
551
113,648
113,006
642
6,251,276 6,231,913 6,289,199 6,340,023 6,411,669
372,480
372,088
379,868
382,935
386,442
-1,089
-1,081
-1,144
-1,155
-1,163
5,877,707 5,858,744 5,908,187 5,955,933 6,024,063
1,637,080 1,628,424 1,633,896 1,665,010 1,661,022
1,183,212 1,205,772 1,252,775 1,283,374 1,299,142
66,957
67,177
32,776
40,668
51,922
1,150,436 1,165,104 1,200,853 1,216,417 1,231,965
73,960
4,679
908
70,189
20,252
18,568
275
18,294
74,601
4,733
906
70,774
20,118
18,848
313
18,534
74,853
4,764
903
70,992
20,075
19,092
298
18,794
74,749
4,763
902
70,889
19,946
19,347
348
18,999
75,468
4,898
920
71,490
20,003
20,063
448
19,615
75,880
4,941
928
71,867
20,370
20,450
567
19,884
76,727
4,980
935
72,682
20,320
20,646
494
20,152
4,957,848 4,954,236 4,951,168 4,929,208 4,955,095 4,993,609 5,040,675
559,932
567,484
571,344
598,887
563,380
585,691
612,222
732,624
731,361
748,413
747,527
758,772
723,626
728,757
21,726
20,593
19,488
19,277
21,752
7,510
10,753
708,164
701,900
713,136
712,084
740,017
726,661
748,019
58,646
7,279
8,034
1,120
6,914
59,095
7,369
8,137
1,138
6,999
59,295
7,422
8,137
1,082
7,054
59,074
7,487
8,188
1,102
7,086
59,833
7,737
7,898
710
7,188
60,338
7,906
7,636
361
7,275
60,835
8,072
7,820
447
7,373
40,587
39,657
40,183
39,852
42,808
6,200,819 6,206,190 6,211,619 6,192,061 6,246,391
5,225,879 5,218,025 5,209,344 5,178,922 5,210,732
43,686
44,709
45,489
45,268
46,254
53,659
53,958
55,079
53,243
54,489
378,038
386,115
383,754
390,074
382,013
941,188
904,427
894,319
929,993
916,071
587,382
579,341
564,971
557,138
546,444
353,807
350,653
351,100
347,289
347,875
428,014
428,449
425,441
426,859
425,151
375,817
375,147
372,499
373,984
365,333
549,148
551,724
550,548
546,913
557,545
614,115
599,789
597,576
600,360
599,605
1,842,213 1,859,981 1,856,840 1,848,712 1,869,311
974,940
988,165 1,002,275 1,013,139 1,035,659
189,551
191,134
190,778
189,073
196,694
80,073
78,796
79,250
80,222
86,980
718,137
732,345
705,316
743,844
751,985
1,275
72,686
58,011
498
649
4,808
13,583
7,610
5,973
4,922
4,263
6,812
4,332
18,144
14,674
3,467
1,248
9,959
1,303
73,298
58,411
501
629
4,918
13,426
7,617
5,809
4,937
4,240
6,816
4,441
18,501
14,888
3,490
1,231
10,167
1,256
73,597
58,812
516
642
4,910
13,489
7,649
5,840
4,847
4,264
6,918
4,513
18,712
14,785
3,477
1,237
10,071
1,282
73,468
58,533
505
671
4,874
13,265
7,669
5,596
4,890
4,132
6,990
4,555
18,650
14,935
3,436
1,287
10,212
894
74,574
59,240
515
677
4,858
13,417
7,877
5,540
4,900
4,294
7,055
4,712
18,811
15,334
3,577
1,386
10,372
551
75,329
59,773
513
666
4,758
13,509
8,020
5,489
4,971
4,337
7,026
4,674
19,318
15,557
3,597
1,389
10,571
642
76,085
60,375
538
675
4,831
13,590
8,002
5,588
4,994
4,378
7,063
4,755
19,550
15,710
3,629
1,408
10,673
III'’
8,652,160 8,669,921 8,697,999 8,692,940 8,794,858 8,904,317 8,984,227
8,611,573 8,629,738 8,658,342 8,653,087 8,752,050 8,875,081 8,951,079
40,587
39,657
40,183
39,852
42,808
29,236
33,148
6,241,406
370,588
-1,106
5,869,712
1,646,872
1,135,576
23,808
1,111,768
6,246,373
371,604
-1,096
5,873,673
1,636,476
1,159,772
28,876
1,130,896
29,236
6,310,787
5,262,401
45,122
54,154
389,646
903,226
554,426
348,800
427,164
376,171
562,393
614,878
1,889,648
1,048,386
198,890
88,436
761,060
33,148
6,378,520
5,316,524
47,565
54,146
392,429
906,651
555,167
351,484
429,579
379,900
565,651
626,177
1,914,427
1,061,997
201,416
89,390
771,191
California
Line
Item
2001
I
Income by place of residence
1 Personal income (lines 4-11)..............................................................
Nontarm personal income...............................................................
2
3
Farm income (line 17).....................................................................
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34).............................
5 Less: Personal contributions for social insurance2............................
6 Plus: Adjustment for residence3
7 Equals: Net earnings by place of residence
8 Plus: Dividends, interest, and rent4....
9 Plus: Transfer payments.....................
10
State unemployment insurance benefits...............................
11
Transfers excluding State unemployment insurance benefits
Earnings by place of work
Components of earnings:
Wage and salary disbursements....................................................
12
13
Other labor income.........................................................................
14
Proprietors' income5......................................................................
15
Farm proprietors’ income...........................................................
16
Nonfarm proprietors’ income......................................................
Earnings by industry
17
Farm earnings.................................................................................
18
Nonfarm earnings...........................................................................
19
Private earnings
20
Agricultural services, forestry, fishing, and other6................
21
Mining.....................................................................................
22
Construction23
Manufacturing ........................................................................
24
Durable goods...................................................................
25
Nondurable goods.............................................................
26
Transportation and public utilities...........................................
27
Wholesale trade.....................................................................
28
Retail trade....
29
Finance, insurance, and real estate.......................................
30
Services, .
31
Government and government enterprises..................................
32
Federal, civilian......................................................................
33
Military,,
34
State and local.......................................................................
See footnotes at the end of table.
Colorado
II
2002
III
IV
I'
1,131,361 1,128,323 1,126,393 1,126,948 1,138,909
1,125,113 1,121,807 1,119,798 1,120,363 1,130,652
6,248
6,595
6,585
8,257
6,516
2001
2002
II'
III"
I
II
III
IV
1'
II'
III*
1,155,581
1,148,671
6,909
1,166,906
1,159,256
7,650
148,326
147,616
710
148,167
147,460
707
147,797
147,089
708
147,150
146,437
713
147,976
146,796
1,179
149,711
148,847
864
150,579
149,564
1,015
838,909
48,815
130
790,223
212,441
128,697
2,553
126,145
833,063
48,440
189
784,813
211,068
132,442
3,090
129,352
826,578
48,046
227
778,759
211,462
136,172
3,689
132,483
825,556
48,111
211
777,656
210,193
139,099
4,375
134,724
831,211
48,887
234
782,557
211,245
145,107
6,124
138,983
839,327
49,363
229
790,194
216,669
148,718
7,880
140,838
847,608
49,734
236
798,110
215,218
153,578
10,888
142,690
115,474
6,273
98
109,300
26,507
12,520
164
12,356
115,182
6,261
104
109,024
26,347
12,796
238
12,558
114,459
6,219
111
108,350
26,345
13,102
338
12,764
113,612
6,175
114
107,551
26,200
13,398
479
12,919
113,832
6,215
124
107,741
26,309
13,925
628
13,297
114,626
6,255
127
108,498
26,876
14,336
876
13,461
115,435
6,274
131
109,292
26,805
14,482
857
13,625
655,921
69,297
113,691
1,434
112,257
649,151
69,224
114,688
1,527
113,161
642,432
69,170
114,977
1,473
113,504
641,384
69,806
114,365
1,367
112,999
641,862
71,086
118,263
2,896
115,367
647,852
72,818
118,658
1,349
117,309
652,938
74,352
120,318
1,891
118,428
89,336
10,514
15,624
340
15,284
88,954
10,521
15,707
332
15,374
88,164
10,478
15,816
329
15,487
87,281
10,497
15,834
331
15,503
86,527
10,685
16,621
790
15,831
87,045
10,890
16,691
464
16,228
87,344
11,061
17,030
604
16,426
6,248
832,661
708,236
8,419
2,834
49,377
119,338
86,058
33,280
50,414
47,548
73,754
78,841
277,711
124,424
17,462
9,371
97,592
6,516
826,547
699,421
8,655
2,856
50,147
116,074
82,712
33,361
51,199
47,043
73,602
74,682
275,163
127,126
17,492
9,355
100,280
6,595
819,983
691,206
8,545
2,877
50,252
110,762
77,653
33,110
51,547
46,747
73,253
75,802
271,423
128,777
17,575
9,403
101,799
6,585
818,971
687,366
8,532
3,016
49,329
110,191
76,724
33,468
50,589
45,882
73,007
75,737
271,083
131,605
17,408
9,400
104,797
8,257
822,953
691,031
9,054
3,060
51,333
108,151
75,495
32,657
50,138
47,125
73,845
76,464
271,862
131,922
18,013
10,132
103,777
6,909
832,418
697,370
8,688
2,881
51,262
107,365
74,297
33,068
50,737
47,639
74,949
78,622
275,226
135,048
18,236
10,332
106,480
7,650
839,958
702,940
9,119
2,891
51,294
106,280
73,538
32,742
50,970
48,273
75,768
79,956
278,389
137,019
18,590
10,507
107,922
710
114,764
98,230
837
1,955
9,888
11,269
7,836
3,433
11,347
6,543
10,127
11,291
34,973
16,534
3,620
1,846
11,069
707
114,474
97,578
881
1,817
9,719
10,972
7,575
3,396
11,776
6,426
10,154
10,657
35,177
16,896
3,644
1,814
11,438
708
113,751
96,618
908
2,223
9,768
10,718
7,477
3,241
11,129
6,312
10,208
10,744
34,609
17,133
3,645
1,792
11,696
713
112,899
95,466
916
1,829
9,633
10,571
7,262
3,309
11,471
6,062
10,167
10,430
34,388
17,433
3,598
1,796
12,039
1,179
112,653
94,706
905
1,795
9,540
10,507
7,253
3,254
11,505
6,236
10,173
10,898
33,147
17,946
3,753
1,951
12,242
864
113,762
95,493
905
1,813
9,704
10,537
7,263
3,274
11,267
6,242
10,311
10,477
34,235
18,269
3,731
2,016
12,522
1,015
114,420
96,031
972
1,827
9,696
10,409
7,149
3,261
11,206
6,298
10,297
10,567
34,758
18,389
3,763
2,039
12,588
February 2003
Su r v e y
39
C u r r e n t B u sin ess
of
and Earnings by Industry,1 2001:1-2002:111
adjusted at annual rates]
Alaska
Arkansas
Arizona
2001
I
II
IV
III
\r
II'
III"
2001
2002
2002
2001
I
II
III
IV
\r
IIr
III"
I
II
III
2002
IV
r
Line
IIr
IIIp
19,337
19,326
11
19,650
19,638
11
19,780
19,768
12
19,798
19,787
12
20,327
20,314
13
20,470
20,460
10
20,664
20,652
11
135,454
134,708
746
137,088
136,384
705
138,817
138,149
667
137,895
137,165
729
140,427
139,153
1,274
142,207
141,569
638
143,711
142,965
746
61,041
59,943
1,097
61,380
60,294
1,086
61,843
60,757
1,087
62,186
61,088
1,099
63,049
62,084
965
63,910
63,039
870
64,421
63,545
876
1
2
3
14,637
759
-894
12,985
3,247
3,105
102
3,003
14,971
779
-917
13,274
3,233
3,142
111
3,031
15,104
787
-925
13,391
3,228
3,161
98
3,063
15,095
788
-924
13,383
3,214
3,201
113
3,088
15,500
820
-949
13,731
3,222
3,374
195
3,179
15,573
821
-949
13,803
3,264
3,403
184
3,218
15,734
826
-957
13,950
3,265
3,448
191
3,257
95,866
5,864
467
90,489
26,829
18,136
196
17,940
97,106
5,961
465
91,610
26,752
18,727
250
18,477
98,313
6,062
455
92,705
26,815
19,296
293
19,003
96,935
5,988
454
91,401
26,689
19,805
424
19,381
98,635
6,133
457
92,960
26,786
20,681
577
20,104
99,597
6,223
454
93,828
27,372
21,007
587
20,419
101,010
6,294
457
95,173
27,270
21,268
534
20,734
41,402
2,688
-301
38,413
11,515
11,113
254
10,859
41,586
2,706
-297
38,583
11,438
11,359
284
11,075
41,849
2,730
-306
38,813
11,425
11,606
313
11,293
42,059
2,748
-310
39,000
11,372
11,814
360
11,454
42,517
2,822
-309
39,386
11,408
12,255
430
11,825
42,986
2,856
-316
39,815
11,598
12,497
510
11,986
43,398
2,879
-317
40,202
11,596
12,623
475
12,148
4
5
6
7
8
9
10
11
11,071
1,761
1,805
5
1,799
11,349
1,799
1,823
5
1,817
11,449
1,818
1,836
5
1,831
11,432
1,827
1,836
5
1,831
11,709
1,913
1,878
6
1,872
11,719
1,945
1,909
3
1,906
11,807
1,987
1,940
4
1,936
77,804
8,134
9,949
402
9,546
78,764
8,298
10,045
357
9,688
79,823
8,472
10,017
317
9,700
78,554
8,491
9,890
377
9,513
79,233
8,705
10,698
915
9,784
80,363
8,959
10,274
268
10,006
81,312
9,191
10,507
365
10,141
32,342
3,936
5,124
834
4,290
32,432
3,988
5,166
811
4,355
32,615
4,010
5,224
801
4,423
32,705
4,078
5,276
806
4,470
33,078
4,198
5,241
665
4,575
33,461
4,320
5,205
561
4,644
33,740
4,409
5,248
557
4,691
12
13
14
15
16
11
14,626
9,955
226
1,091
1,108
546
168
378
1,516
358
1,275
593
3,242
4,671
1,171
1,079
2,420
11
14,959
10,227
228
1,202
1,148
544
155
390
1,554
370
1,267
616
3,298
4,732
1,176
1,068
2,488
12
15,092
10,317
230
1,115
1,174
560
145
415
1,587
366
1,300
615
3,369
4,776
1,173
1,049
2,554
12
15,083
10,317
228
1,150
1,171
548
138
410
1,544
364
1,299
619
3,393
4,766
1,147
1,046
2,573
13
15,487
10,596
233
1,124
1,229
562
146
416
1,591
382
1,336
626
3,514
4,890
1,193
1,139
2,558
10
15,563
10,568
228
1,113
1,263
516
134
382
1,570
384
1,327
626
3,542
4,994
1,185
1,155
2,654
11
15,723
10,650
232
1,057
1,303
496
125
371
1,575
387
1,348
632
3,620
5,073
1,208
1,170
2,695
746
95,140
79,950
888
576
7,574
11,912
9,942
1,970
5,521
5,959
9,983
9,462
28,075
15,191
3,030
1,340
10,821
705
96,401
80,564
915
560
7,735
11,434
9,505
1,929
5,623
5,992
10,035
9,685
28,584
15,837
3,089
1,315
11,433
667
97,645
81,448
947
547
7,780
11,379
9,491
1,888
5,600
6,024
10,179
9,989
29,004
16,198
3,132
1,303
11,763
729
96,206
79,477
926
532
7,517
11,170
9,306
1,864
5,516
5,872
10,113
9,586
28,246
16,728
3,154
1,318
12,256
1,274
97,361
80,649
899
518
7,717
11,064
9,080
1,984
5,505
5,844
10,214
9,886
29,002
16,712
3,283
1,428
12,001
638
98,959
81,663
940
544
7,668
10,933
9,065
1,868
5,553
6,026
10,452
10,000
29,546
17,295
3,351
1,450
12,494
746
100,264
82,501
995
525
7,783
10,967
9,071
1,896
5,556
6,077
10,515
10,138
29,944
17,763
3,396
1,476
12,891
1,097
40,305
33,324
413
248
2,419
8,379
4,587
3,792
3,611
2,109
4,813
1,987
9,345
6,981
1,278
478
5,226
1,086
40,500
33,275
385
248
2,518
8,284
4,533
3,751
3,630
2,125
4,657
1,989
9,440
7,224
1,287
473
5,464
1,087
40,763
33,620
402
252
2,583
8,245
4,466
3,778
3,676
2,120
4,817
1,996
9,529
7,142
1,295
473
5,375
1,099
40,960
33,620
405
259
2,564
8,126
4,367
3,759
3,677
2,121
4,808
2,022
9,638
7,340
1,297
505
5,537
965
41,552
34,077
376
272
2,744
8,154
4,430
3,724
3,764
2,188
4,923
1,973
9,683
7,475
1,344
555
5,576
870
42,116
34,441
383
258
2,793
8,225
4,481
3,744
3,888
2,202
4,842
2,028
9,821
7,675
1,359
563
5,753
876
42,522
34,774
406
256
2,799
8,295
4,437
3,858
3,917
2,222
4,870
2,083
9,925
7,748
1,374
564
5,810
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Connecticut
2001
I
II
2002
IV
III
District of Columbia
Delaware
lr
II'
2002
2001
III"
I
II
III
IV
lr
IIr
2002
2001
III"
I
II
III
IV
I'
IIr
Line
III"
146,171 145,566 145,221 144,408 145,916 146,949 147,969
145,978 145,375 145,033 144,220 145,742 146,791 147,801
188
168
192
191
189
173
158
25,572
25,400
172
25,796
25,633
164
26,072
25,909
163
25,972
25,805
167
26,598
26,474
124
26,594
26,510
84
26,846
26,747
99
22,807
22,807
0
23,036
23,036
0
22,972
22,972
0
23,019
23,019
0
23,383
23,383
0
23,803
23,803
0
23,982
23,982
0
1
2
3
102,530 102,020 101,576 100,687 102,156 101,872 102,818
5,964
5,927
5,980
6,023
5,902
5,858
6,020
6,904
6,773
6,712
6,666
6,764
6,745
6,358
103,471 102,867 102,386 101,574 102,495 102,559 103,559
27,159 26,964 26,882 26,676 26,733 27,233 27,154
17,158 17,255
15,540 15,735 15,954 16,159 16,688
442
621
785
1,097
1,035
366
526
15,174
16,220
15,293 15,427 15,537 15,902 16,061
19,605
1,185
-1,084
17,336
5,147
3,088
86
3,003
19,898
1,205
-1,129
17,564
5,103
3,129
87
3,042
20,218
1,228
-1,175
17,815
5,089
3,168
82
3,086
20,073
1,220
-1,152
17,701
5,049
3,223
103
3,120
20,651
1,276
-1,198
18,177
5,063
3,358
128
3,231
20,343
1,254
-1,119
17,971
5,168
3,455
177
3,279
20,616
1,268
-1,135
18,213
5,145
3,488
162
3,327
48,710
2,487
-30,982
15,241
4,749
2,817
51
2,766
49,517
2,549
-31,473
15,495
4,699
2,841
58
2,783
49,182
2,543
-31,201
15,437
4,669
2,866
62
2,804
49,275
2,564
-31,230
15,481
4,621
2,918
97
2,821
50,085
2,632
-31,750
15,703
4,627
3,053
170
2,882
50,977
2,676
-32,284
16,017
4,713
3,073
164
2,909
51,460
2,695
-32,571
16,194
4,699
3,089
154
2,935
4
5
6
7
8
9
10
11
81,124
9,168
12,526
23
12,503
16,184
1,841
1,580
133
1,447
16,432
1,876
1,590
124
1,466
16,701
1,918
1,599
123
1,476
16,549
1,921
1,603
127
1,476
17,047
2,010
1,593
82
1,511
16,749
2,021
1,573
41
1,532
16,941
2,074
1,601
56
1,545
38,811
7,071
2,828
0
2,828
39,420
7,232
2,865
0
2,865
39,047
7,237
2,898
0
2,898
39,133
7,237
2,905
0
2,905
39,569
7,566
2,950
0
2,950
40,209
7,765
3,003
0
3,003
40,507
7,914
3,038
0
3,038
12
13
14
15
16
192
173
158
168
191
188
189
102,338 101,829 101,387 100,498 101,983 101,714 102,651
90,063 89,208 88,681
87,463 89,072 88,400 89,164
552
582
595
578
621
591
622
157
157
150
146
158
155
148
5,583
5,377
5,485
5,401
5,606
5,491
5,506
16,594 16,425
17,826 18,339 17,116 17,265 17,131
11,562 11,547 11,500 11,211
10,980
12,090 12,701
5,383
5,446
5,736
5,638
5,555
5,718
5,631
5,054
4,949
4,957
4,956
5,216
5,168
5,185
5,762
5,685
5,674
5,951
6,187
5,138
5,697
7,922
8,202
8,042
8,152
7,895
8,077
7,931
16,866 17,168
17,738 15,745 16,173 16,640 16,811
30,018
30,406
29,635 29,852 29,709 29,296 29,833
13,314 13,487
12,622 12,706 13,035 12,911
12,275
1,456
1,460
1,481
1,426
1,429
1,413
1,426
630
635
541
534
569
645
535
10,661
11,053
10,826
11,219
11,361
10,308
10,743
172
19,433
16,813
(°)
(D)
1,203
3,657
848
2,810
898
870
1,677
3,277
5,128
2,620
353
277
1,991
164
19,734
17,083
(0)
(D)
1,233
3,771
1,002
2,770
881
823
1,657
3,363
5,245
2,652
349
273
2,030
163
20,055
17,387
(D)
(D)
1,252
3,872
1,000
2,872
884
828
1,686
3,521
5,235
2,668
353
269
2,046
167
19,906
17,169
(D)
(D)
1,286
3,701
892
2,809
878
837
1,687
3,384
5,286
2,737
351
277
2,109
124
20,527
17,732
(D)
(0)
1,331
3,750
884
2,866
873
880
1,733
3,715
5,338
2,795
368
304
2,123
84
20,260
17,198
(D)
(D)
1,274
3,585
988
2,597
859
877
1,741
3,322
5,428
3,061
375
312
2,374
99
20,517
17,412
(D)
(D)
1,252
3,646
1,052
2,594
871
876
1,758
3,380
5,511
3,105
387
319
2,400
0
48,710
29,042
(D)
(D)
542
966
131
835
1,461
373
1,068
2,919
20,624
19,668
16,479
1,310
1,880
0
49,517
29,529
(0)
(D)
532
934
124
810
1,561
366
1,077
3,114
20,863
19,989
16,655
1,297
2,036
0
49,182
29,429
(D)
(D)
528
916
129
787
1,576
383
1,043
2,860
21,087
19,752
16,495
1,276
1,981
0
49,275
29,843
(0)
(D)
549
911
118
793
1,627
377
1,040
2,930
21,181
19,432
16,117
1,281
2,034
0
50,085
29,834
(D)
(D)
570
914
138
776
1,525
396
1,068
2,826
21,322
20,251
16,861
1,388
2,001
0
50,977
30,275
0
51,460
30,551
(0)
(D)
623
908
99
809
1,559
392
1,117
3,082
21,656
20,908
17,178
1,425
2,306
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
82,133
8,613
11,784
64
11,720
81,439
8,640
11,941
60
11,880
80,955
8,641
11,980
55
11,924
80,129
8,688
11,869
54
11,815
81,090
8,897
12,169
36
12,134
80,518
8,989
12,365
17
12,348
(D)
607
898
102
796
1,554
390
1,102
3,009
21,557
20,702
17,036
1,396
2,270
February 2003
Personal Income by State
40
Table 2. Personal Income by Major Source
[Millions of dollars, seasonally
Georgia
Florida
Line
item
Income by place of residence
1 Personal income (lines 4-11)..............................................................
Nonfarm personal income...............................................................
2
Farm income (line 17).....................................................................
3
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34).............................
5 Less: Personal contributions for social insurance2............................
6 Plus: Adjustment for residence3..........
7 Equals: Net earnings by place of residence
8 Plus: Dividends, interest, and rent4.....
9 Plus: Transfer payments.......................
State unemployment insurance benefits...............................
10
Transfers excluding State unemployment insurance benefits
11
Earnings by place of work
Components of earnings:
Wage and salary disbursements...................................................
12
13
Other labor income.........................................................................
14
Proprietors’ income5......................................................................
Farm proprietors’ income...........................................................
15
Nonfarm proprietors’ income......................................................
16
Earnings by industry
17
Farm earnings.................................................................................
Nonfarm earnings...........................................................................
18
Private earnings.
19
Agricultural services, forestry, fishing, and other®................
20
21
Mining...........
Construction...
22
Manufacturing
23
24
Durable goods
Nondurable goods
25
Transportation and public utilities..........................................
26
27
Wholesale trade
28
Retail trade....
Finance, insurance, and real estate......................................
29
30
Services........
31
Government and government enterpnses.................................
32
Federal, civilian
Military..........
33
34
State and local
2002
2001
2002
2001
I
II
III
IV
lr
II'
in '1
I
II
III
IV
I'
II'
III"
469,110
467,386
1,724
474,193
472,437
1,757
477,155
475,396
1,759
478,044
475,989
2,054
485,585
483,259
2,326
492,866
491,100
1,766
500,141
498,245
1,896
239,297
237,444
1,852
240,495
238,538
1,957
241,700
239,774
1,926
242,091
240,158
1,933
245,543
243,944
1,599
248,863
247,812
1,051
250,507
249,241
1,266
292,775
18,194
1,047
275,628
121,972
71,510
792
70,718
296,939
18,521
1,031
279,449
121,948
72,796
941
71,855
298,423
18,678
1,018
280,763
122,385
74,007
973
73,034
298,244
18,711
1,013
280,546
122,194
75,304
1,372
73,932
303,026
19,235
1,004
284,795
122,663
78,127
1,865
76,262
307,057
19,487
1,016
288,586
124,724
79,555
2,279
77,277
314,107
19,913
1,014
295,208
124,656
80,277
1,987
78,290
182,176
10,429
-473
171,275
40,914
27,107
430
26,677
183,122
10,506
-485
172,131
40,677
27,687
578
27,109
183,808
10,558
-481
172,769
40,725
28,206
644
27,562
183,937
10,569
-491
172,877
40,518
28,697
785
27,912
186,199
10,854
-491
174,854
40,748
29,940
1,071
28,869
187,948
10,968
-503
176,477
41,765
30,622
1,335
29,286
189,508
11,027
-491
177,990
41,630
30,887
1,185
29,702
236,343
27,458
28,974
642
28,332
239,693
27,959
29,287
599
28,689
240,950
28,059
29,414
536
28,877
240,530
28,294
29,420
789
28,631
243,524
29,127
30,375
1,031
29,344
246,623
29,967
30,468
431
30,036
252,090
31,108
30,910
522
30,388
143,828
17,160
21,188
1,535
19,653
144,433
17,355
21,334
1,616
19,718
144,758
17,510
21,540
1,565
19,975
144,448
17,697
21,791
1,559
20,232
146,095
18,251
21,853
1,216
20,637
147,566
18,705
21,677
656
21,021
148,417
19,045
22,045
858
21,187
1,724
291,051
245,153
2,962
417
18,362
21,599
13,741
7,858
19,052
18,958
32,131
29,083
102,590
45,898
8,000
4,692
33,206
1,757
295,182
246,909
3,013
435
18,596
21,337
13,545
7,792
18,939
19,083
32,216
29,424
103,866
48,273
8,054
4,609
35,610
1,759
296,664
249,154
3,169
452
19,076
21,382
13,656
7,725
19,229
19,043
32,796
29,606
104,401
47,510
8,082
4,630
34,798
2,054
296,190
247,565
3,043
425
19,176
21,050
13,436
7,614
18,957
18,903
32,695
29,407
103,909
48,625
7,987
4,720
35,918
2,326
300,700
251,736
3,093
396
19,435
21,169
13,662
7,507
19,027
19,322
32,866
30,193
106,235
48,964
8,348
5,194
35,422
1,766
305,292
254,645
3,078
451
19,654
21,454
13,718
7,735
18,946
19,612
33,058
30,483
107,910
50,646
8,407
5,241
36,998
1,896
312,212
259,165
3,232
440
19,941
22,218
13,996
8,222
19,095
19,860
33,323
31,014
110,043
53,047
8,494
5,298
39,255
1,852
180,324
152,080
1,130
418
11,135
24,866
11,600
13,266
18,987
14,901
16,138
13,834
50,671
28,244
6,156
3,993
18,095
1,957
181,165
152,346
1,133
414
10,989
24,615
11,552
13,063
19,197
14,732
16,344
13,567
51,355
28,819
6,205
4,007
18,606
1,926
181,882
152,708
1,177
417
11,089
23,995
10,941
13,054
19,375
14,851
16,450
13,964
51,389
29,174
6,210
3,954
19,010
1,933
182,004
152,443
1,211
413
11,010
23,981
11,047
12,934
19,730
14,605
16,365
13,881
51,248
29,560
6,199
3,940
19,421
1,599
184,600
154,122
1,187
449
11,309
24,082
11,111
12,971
19,139
14,759
16,544
14,274
52,379
30,479
6,515
4,231
19,732
1,051
186,897
155,868
1,169
426
11,194
24,046
10,954
13,092
19,537
15,022
16,920
14,210
53,344
31,029
6,613
4,315
20,100
1,266
188,242
156,989
1,241
429
10,678
24,317
11,029
13,288
19,760
15,256
16,863
14,390
54,057
31,253
6,638
4,328
20,286
Iowa
Indiana
Line
I
Income by place of residence
1 Personal income (lines 4-11)..............................................................
2
Nonfarm personal income...............................................................
3
Farm income (line 17).....................................................................
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34).............................
5 Less: forsonal contributions for social insurance2............................
6 Plus: Adjustment for residence3.........................................................
7 Equals: Net earnings by place of residence........................................
8 Plus: Dividends, interest, and rent4....................................................
9 Plus: Transfer payments......................................................................
10
State unemployment insurance benefits...............................
11
Transfers excluding State unemployment insurance benefits
Eamings by place of work
Components of earnings:
12
Wage and salary disbursements....................................................
13
Other labor income.........................................................................
14
Proprietors' income5 ......................................................................
15
Farm proprietors’ income...........................................................
16
Nonfarm proprietors’ income......................................................
Earnings by industry
17
Farm earnings.................................................................................
18
Nonfarm earnings...........................................................................
19
Private earnings.
20
Agricultural services, forestry, fishing, and other6 ................
21
Mining............
Construction...
22
Manufacturing
23
24
Durable goods
25
Nondurable goods
26
Transportation and public utilities...........................................
27
Wholesale trade
28
Retail trade.............................................................................
29
Finance, insurance, and real estate......................................
30
Services.........
Government and government enterpnses..................................
31
32
Federal, civilian
Military..........
33
34
State and local.......................................................................
See footnotes at the end of table.
2002
2001
Item
II
III
IV
I'
II '
2001
111"
I
II
2002
III
IV
I'
II'
III"
169,300
168,577
723
169,454
168,787
668
170,505
169,893
613
170,282
169,639
643
172,151
171,385
766
174,730
174,400
331
176,624
176,244
380
79,642
78,063
1,580
79,761
78,289
1,471
80,123
78,789
1,334
80,046
78,748
1,299
81,898
80,187
1,711
82,108
80,974
1,134
82,736
81,679
1,057
117,346
7,298
3,460
113,508
32,796
22,995
452
22,544
117,350
7,320
3,442
113,472
32,544
23,438
571
22,866
118,141
7,389
3,471
114,223
32,477
23,806
594
23,212
117,659
7,371
3,426
113,714
32,359
24,210
726
23,484
118,587
7,512
3,424
114,499
32,513
25,139
855
24,284
120,057
7,625
3,452
115,884
33,053
25,794
1,161
24,632
121,772
7,719
3,494
117,548
33,118
25,959
979
24,980
54,868
3,500
571
51,939
16,710
10,993
243
10,750
54,955
3,520
579
52,014
16,592
11,155
294
10,862
55,171
3,552
585
52,203
16,603
11,317
333
10,984
55,001
3,547
586
52,039
16,555
11,453
371
11,081
56,612
3,680
566
53,498
16,607
11,793
408
11,385
56,296
3,686
575
53,185
16,856
12,067
550
11,517
56,844
3,721
579
53,702
16,858
12,177
528
11,649
95,126
11,566
10,655
453
10,201
95,039
11,615
10,696
386
10,310
95,620
11,796
10,725
320
10,405
95,042
11,880
10,737
344
10,393
95,391
12,080
11,116
460
10,656
96,787
12,472
10,798
16
10,782
98,014
12,801
10,958
57
10,901
43,102
4,935
6,831
1,232
5,600
43,205
4,978
6,771
1,106
5,666
43,481
5,037
6,653
954
5,698
43,279
5,085
6,637
908
5,728
44,214
5,269
7,128
1,312
5,816
44,276
5,356
6,665
723
5,942
44,712
5,476
6,657
635
6,022
723
116,623
100,529
611
432
7,753
31,301
22,636
8,665
7,438
6,764
10,817
8,026
27,387
16,094
2,424
377
13,293
668
116,682
100,665
627
463
7,805
31,481
22,812
8,669
7,210
6,718
10,587
7,968
27,808
16,017
2,430
372
13,216
613
117,528
101,115
658
461
7,990
31,400
22,622
8,778
7,229
6,562
10,701
7,903
28,212
16,413
2,459
370
13,584
643
117,015
100,376
636
475
8,020
30,851
22,144
8,707
7,147
6,572
10,670
7,674
28,332
16,639
2,425
443
13,771
766
117,821
101,167
643
482
8,346
30,653
22,247
8,406
7,091
6,456
10,937
7,908
28,651
16,654
2,508
504
13,641
331
119,726
102,706
631
500
8,084
31,911
23,109
8,802
7,333
6,664
10,886
7,732
28,966
17,019
2,553
512
13,954
380
121,392
104,034
666
498
8,187
32,402
23,381
9,021
7,362
6,781
10,879
7,856
29,403
17,358
2,538
514
14,306
1,580
53,288
44,422
407
107
3,375
10,704
6,664
4,041
3,509
3,562
5,063
4,506
13,188
8,866
1,138
222
7,506
1,471
53,483
44,427
426
96
3,475
10,705
6,664
4,041
3,487
3,580
5,071
4,484
13,104
9,056
1,139
218
7,699
1,334
53,837
44,699
434
100
3,460
10,679
6,593
4,085
3,539
3,448
5,117
4,590
13,334
9,137
1,143
218
7,777
1,299
53,702
44,353
431
100
3,509
10,384
6,312
4,072
3,567
3,375
5,149
4,506
13,332
9,350
1,137
274
7,938
1,711
54,901
45,416
428
117
3,530
10,419
6,359
4,060
3,549
3,726
5,178
4,836
13,634
9,484
1,190
318
7,977
1,134
55,163
45,600
424
113
3,641
10,659
6,495
4,164
3,617
3,642
5,174
4,698
13,631
9,563
1,199
323
8,040
1,057
55,787
46,127
442
114
3,720
10,688
6,458
4,230
3,631
3,680
5,214
4,811
13,827
9,660
1,215
323
8,123
February 2003
Su r v e y
of
41
C u r r e n t B usin ess
and Earnings by Industry,12001:1-2002:111— Continued
adjusted at annual rates]
Hawaii
Idaho
Illinois
I
II
III
IV
I'
IIr
III'’
I
II
2001
2002
2001
III
IV
\r
II'
III'
2002
2002
2001
Line
I
II
III
IV
\'
IIr
III'’
35,375
35,194
180
35,411
35,227
184
35,684
35,497
188
35,569
35,378
190
36,579
36,384
195
37,068
36,872
196
37,355
37,152
203
32,235
31,239
996
32,484
31,532
952
32,697
31,761
936
32,684
31,716
968
33,478
32,208
1,270
33,362
32,594
769
33,684
32,764
921
412,233
410,983
1,250
411,340
410,248
1,092
413,747
412,729
1,018
411,479
410,477
1,003
414,510
413,188
1,322
420,811
420,439
372
423,819
423,381
437
1
2
3
25,628
1,429
0
24,199
6,914
4,262
100
4,162
25,627
1,432
0
24,195
6,891
4,324
117
4,207
25,857
1,451
0
24,406
6,899
4,379
123
4,256
25,614
1,440
0
24,174
6,874
4,521
227
4,293
26,523
1,513
0
25,010
6,893
4,675
277
4,399
26,893
1,531
0
25,362
7,001
4,705
260
4,444
27,216
1,546
0
25,669
6,980
4,705
215
4,490
22,615
1,301
487
21,801
6,203
4,231
124
4,106
22,793
1,322
496
21,967
6,186
4,330
145
4,185
22,904
1,332
482
22,055
6,204
4,438
171
4,267
22,805
1,325
476
21,955
6,196
4,533
203
4,329
23,388
1,360
484
22,512
6,222
4,745
247
4,497
23,060
1,365
485
22,180
6,324
4,858
287
4,571
23,314
1,370
493
22,437
6,327
4,920
276
4,644
300,842
17,271
-1,224
282,347
83,619
46,267
1,434
44,834
299,608
17,226
-1,169
281,213
83,150
46,977
1,696
45,280
301,427
17,365
-1,162
282,900
83,124
47,722
1,965
45,757
298,425
17,204
-1,096
280,125
82,784
48,570
2,440
46,130
299,887
17,481
-1,015
281,391
83,061
50,058
2,858
47,200
303,568
17,736
-1,096
284,736
84,452
51,622
3,957
47,666
306,666
17,889
-1,109
287,668
84,396
51,755
3,624
48,131
4
5
6
7
8
9
10
11
19,866
2,993
2,769
-1
2,770
19,835
2,992
2,800
-1
2,801
20,029
3,022
2,806
-1
2,807
19,809
3,029
2,776
-1
2,778
20,490
3,202
2,831
-1
2,831
20,728
3,274
2,890
-5
2,895
20,948
3,354
2,914
-3
2,917
16,727
1,975
3,913
626
3,287
16,910
1,984
3,898
577
3,321
16,978
2,020
3,906
558
3,347
16,827
2,008
3,970
588
3,382
17,009
2,087
4,291
884
3,408
17,067
2,112
3,881
372
3,509
17,126
2,143
4,046
515
3,531
241,757
26,686
32,399
867
31,532
240,395
26,735
32,478
690
31,788
241,722
27,070
32,635
600
32,035
238,725
27,019
32,681
574
32,108
238,895
27,543
33,450
884
32,566
242,288
28,345
32,936
-79
33,014
244,452
28,874
33,340
-26
33,366
12
13
14
15
16
180
25,448
17,883
159
29
1,541
791
244
547
2,017
875
2,925
1,974
7,573
7,564
1,994
2,585
2,986
184
25,443
17,962
157
26
1,515
773
236
537
1,993
884
2,921
1,980
7,713
7,481
1,992
2,558
2,931
188
25,669
18,074
163
26
1,531
771
232
539
2,008
884
2,933
1,998
7,759
7,595
1,969
2,536
3,090
190
25,424
17,687
156
27
1,513
751
229
522
1,904
853
2,822
1,988
7,673
7,737
1,926
2,547
3,264
195
26,328
18,241
163
29
1,563
759
229
530
1,852
886
2,860
2,318
7,810
8,087
2,022
2,740
3,325
196
26,696
18,447
164
28
1,667
752
236
516
1,856
886
2,936
2,123
8,034
8,250
2,051
2,759
3,440
203
27,013
18,692
169
28
1,642
768
242
526
1,876
901
2,955
2,167
8,186
8,320
2,092
2,795
3,433
996
21,619
17,556
312
151
1,877
3,700
2,684
1,015
1,492
1,211
2,277
1,180
5,357
4,063
761
313
2,989
952
21,841
17,847
315
146
1,944
3,754
2,713
1,041
1,436
1,236
2,306
1,208
5,502
3,994
788
310
2,896
936
21,969
17,714
318
141
1,921
3,617
2,599
1,018
1,436
1,243
2,304
1,206
5,528
4,254
821
306
3,127
968
21,836
17,686
315
141
1,867
3,566
2,522
1,045
1,446
1,222
2,293
1,183
5,652
4,151
804
310
3,037
1,270
22,117
17,732
317
141
1,743
3,527
2,522
1,005
1,621
1,193
2,329
1,199
5,663
4,385
823
349
3,212
769
22,291
18,034
318
146
1,866
3,751
2,750
1,001
1,476
1,217
2,336
1,235
5,689
4,257
848
356
3,053
921
22,393
18,147
333
145
1,807
3,799
2,771
1,028
1,477
1,233
2,359
1,261
5,732
4,246
867
348
3,031
1,250
299,592
259,909
1,575
871
17,636
50,295
29,953
20,342
21,713
21,165
23,467
32,724
90,463
39,682
6,300
2,026
31,357
1,092
298,516
258,256
1,620
863
17,815
49,176
29,333
19,843
21,800
20,998
22,988
32,005
90,990
40,260
6,301
2,039
31,920
1,018
300,409
259,398
1,624
893
18,130
48,992
28,788
20,204
21,674
21,364
23,300
32,200
91,222
41,011
6,266
2,015
32,730
1,003
297,423
256,523
1,626
939
18,199
47,973
28,304
19,669
21,322
20,735
23,275
32,464
89,990
40,900
6,156
2,069
32,675
1,322
298,565
256,662
1,546
939
18,207
47,509
27,420
20,089
20,993
21,015
23,359
32,093
91,001
41,903
6,358
2,190
33,355
372
303,197
260,307
1,575
932
17,960
48,015
27,879
20,135
21,893
20,696
23,775
33,855
91,606
42,889
6,344
2,187
34,359
437
306,229
263,188
1,665
929
18,446
48,096
27,883
20,213
22,063
20,801
23,870
34,551
92,769
43,040
6,356
2,042
34,642
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
2002
2001
I
II
III
IV
Louisiana
Kentucky
Kansas
I'
2002
2001
r
2001
Line
2002
IIr
III'’
I
II
III
IV
I'
II'
III"
I
II
III
IV
lf
IIr
III"
76,487
75,713
774
76,689
76,017
671
77,419
76,788
632
77,296
76,715
580
79,462
78,075
1,386
79,978
78,609
1,369
80,917
79,553
1,365
100,591
99,640
951
100,934
99,930
1,004
101,980
101,020
960
101,801
100,823
978
103,113
102,268
845
104,149
103,473
676
105,594
104,802
792
107,745
107,397
348
108,827
108,514
314
110,406
110,086
320
111,263
110,925
338
112,952
112,528
424
113,808
113,508
300
114,894
114,554
340
1
2
3
53,508
3,313
954
51,149
15,480
9,858
202
9,656
53,667
3,335
946
51,278
15,405
10,005
224
9,781
54,293
3,387
949
51,855
15,409
10,156
241
9,914
54,048
3,379
958
51,626
15,359
10,310
291
10,019
55,835
3,487
971
53,318
15,408
10,735
412
10,323
55,921
3,486
956
53,391
15,644
10,943
488
10,455
56,738
3,533
927
54,132
15,649
11,137
549
10,588
69,936
4,252
-1,039
64,645
18,432
17,514
350
17,163
70,175
4,277
-1,041
64,857
18,318
17,759
410
17,349
71,114
4,352
-1,077
65,685
18,286
18,009
451
17,558
70,773
4,337
-1,072
65,364
18,187
18,250
520
17,730
71,480
4,448
-1,088
65,944
18,246
18,922
610
18,312
71,701
4,465
-1,064
66,173
18,570
19,407
841
18,566
73,108
4,537
-1,119
67,451
18,546
19,597
778
18,819
73,444
3,994
-108
69,342
18,939
19,463
212
19,251
74,120
4,041
-118
69,961
18,698
20,168
209
19,959
75,007
4,094
-132
70,781
18,777
20,849
230
20,619
75,509
4,125
-136
71,249
18,675
21,339
272
21,067
76,570
4,236
-140
72,195
18,727
22,029
382
21,648
76,758
4,241
-134
72,383
19,029
22,397
496
21,900
77,689
4,285
-140
73,264
19,010
22,619
466
22,153
4
5
6
7
8
9
10
11
42,332
5,135
6,041
403
5,638
42,484
5,169
6,013
282
5,731
43,041
5,277
5,975
228
5,747
42,810
5,301
5,937
167
5,770
43,504
5,502
6,829
961
5,867
43,475
5,559
6,887
927
5,959
44,073
5,714
6,952
906
6,046
55,455
7,423
7,058
744
6,314
55,585
7,445
7,145
783
6,361
56,390
7,578
7,145
727
6,419
56,008
7,590
7,175
737
6,438
56,574
7,792
7,114
599
6,515
56,763
7,911
7,027
424
6,603
57,701
8,163
7,244
534
6,710
57,259
7,470
8,715
162
8,553
57,815
7,600
8,705
118
8,587
58,458
7,687
8,862
117
8,744
58,745
7,829
8,935
130
8,805
59,400
8,043
9,127
210
8,917
59,454
8,205
9,099
79
9,020
60,086
8,392
9,211
112
9,099
12
13
14
15
16
774
52,734
43,315
401
544
3,151
9,164
5,995
3,169
5,133
3,583
4,964
3,557
12,819
9,419
1,623
1,132
6,664
671
52,995
43,529
411
549
3,327
9,183
6,031
3,152
5,006
3,603
4,937
3,598
12,914
9,466
1,629
1,115
6,722
632
53,662
43,919
419
559
3,246
9,159
5,938
3,222
5,166
3,670
5,007
3,635
13,056
9,743
1,617
1,133
6,992
580
53,467
43,765
415
574
3,310
9,033
5,804
3,229
5,178
3,604
4,998
3,645
13,008
9,702
1,605
1,142
6,955
1,386
54,448
44,388
439
536
3,318
9,118
5,833
3,284
5,566
3,573
5,027
3,764
13,048
10,060
1,673
1,219
7,169
1,369
54,552
44,450
420
539
3,314
9,049
5,759
3,290
5,217
3,640
5,086
3,837
13,347
10,102
1,685
1,219
7,197
1,365
55,373
45,096
444
540
3,425
9,235
5,865
3,371
5,231
3,672
5,112
3,905
13,532
10,277
1,687
1,273
7,317
951
68,985
55,961
511
1,241
4,259
13,834
8,945
4,889
5,454
3,884
6,822
3,792
16,164
13,024
2,114
2,044
8,866
1,004
69,171
56,100
519
1,305
4,321
13,768
8,988
4,780
5,344
3,883
6,766
3,718
16,475
13,070
2,141
2,027
8,902
960
70,154
56,739
529
1,370
4,397
13,603
8,751
4,852
5,577
3,886
6,852
3,840
16,687
13,415
2,144
2,017
9,255
978
69,795
56,403
527
1,426
4,343
13,341
8,574
4,767
5,599
3,788
6,911
3,753
16,714
13,393
2,154
2,006
9,233
845
70,635
56,819
513
1,417
4,272
13,223
8,435
4,788
5,419
3,941
7,006
4,047
16,982
13,816
2,141
2,109
9,566
676
71,025
57,257
496
1,402
4,185
13,565
8,630
4,935
5,416
3,964
7,094
3,930
17,205
13,769
2,135
2,115
9,519
792
72,315
58,163
522
1,401
4,335
13,725
8,676
5,050
5,479
4,024
7,171
4,015
17,492
14,152
2,259
2,126
9,767
348
73,096
59,133
480
3,732
5,278
9,235
3,774
5,461
5,894
3,904
6,746
3,990
19,875
13,963
2,224
1,339
10,400
314
73,807
59,358
502
3,730
5,331
9,206
3,785
5,421
5,978
3,934
6,658
3,965
20,055
14,449
2,253
1,334
10,862
320
74,687
60,164
514
3,748
5,512
9,148
3,767
5,381
5,959
3,965
6,811
3,987
20,520
14,522
2,255
1,317
10,951
338
75,171
60,228
514
3,789
5,429
9,170
3,741
5,429
6,010
3,942
6,825
3,976
20,572
14,943
2,243
1,356
11,344
424
76,146
61,007
511
3,690
5,442
9,262
3,798
5,464
5,958
4,068
6,929
4,119
21,028
15,139
2,304
1,473
11,362
300
76,458
60,945
511
3,607
5,377
9,246
3,788
5,458
6,019
4,059
6,950
4,134
21,042
15,513
2,308
1,499
11,707
340
77,349
61,692
538
3,632
5,373
9,482
3,882
5,600
6,056
4,092
7,016
4,198
21,305
15,657
2,336
1,505
11,815
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Personal Income by State
42
February 2003
Table 2. Personal Income by Major Source
[Millions of dollars, seasonally
Maryland
Maine
Item
Line
I
Income by place of residence
1 Personal income (lines 4-11)..............................................................
2
Nonfarm personal income...............................................................
Farm income (line 17).....................................................................
3
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34).............................
5 Less: Personal contributions for social insurance2............................
6 Plus: Adjustment for residence3........
7 Equals: Net earnings by place of residence.......................................
8 Plus: Dividends, interest, and rent4....
9 Plus: Transfer payments.....................
10
State unemployment insurance benefits...............................
11
Transfers excluding State unemployment insurance benefits
Earnings by place of work
Components of earnings:
Wage and salary disbursements....................................................
12
13
Other labor income
14
Proprietors’ income5......................................................................
15
Farm proprietors’ income...........................................................
16
Nonfarm proprietors’ income......................................................
Earnings by industry
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Farm earnings................................................................................
N ^farm earnings.
• Private earnings
Agricultural services, forestry, fishing, and other6................
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.......................................................................
2002
2001
II
III
IV
r
II'
2002
2001
III'’
I
II
III
IV
34,443
34,332
111
34,608
34,494
114
35,390
35,257
133
35,641
35,529
112
36,057
35,936
122
187,539
187,100
440
188,899
188,478
422
189,959
189,539
420
190,170
189,749
421
193,805
193,370
435
196,235
195,938
296
198,130
197,777
353
22,905
1,412
347
21,840
6,640
5,730
90
5,640
22,896
1,414
346
21,828
6,621
5,827
101
5,726
22,973
1,422
339
21,890
6,624
5,929
112
5,817
23,092
1,432
337
21,997
6,596
6,015
128
5,886
23,738
1,493
295
22,541
6,614
6,235
161
6,075
23,743
1,490
312
22,564
6,727
6,350
194
6,157
24,117
1,510
316
22,922
6,718
6,417
178
6,239
121,134
7,303
19,938
133,769
35,034
18,736
320
18,416
121,911
7,374
20,380
134,918
34,903
19,078
386
18,692
122,912
7,453
20,090
135,549
34,976
19,433
452
18,981
122,966
7,476
20,089
135,579
34,811
19,780
575
19,205
125,988
7,763
20,162
138,387
34,953
20,465
644
19,821
126,779
7,803
20,566
139,542
35,719
20,974
885
20,089
128,466
7,888
20,768
141,347
35,566
21,217
860
20,356
17,968
2,368
2,569
24
2,545
17,927
2,375
2,595
25
2,570
17,967
2,397
2,608
21
2,587
18,037
2,433
2,623
23
2,600
18,515
2,541
2,682
40
2,642
18,482
2,576
2,685
17
2,667
18,735
2,645
2,737
25
2,712
98,024
12,602
10,508
305
10,203
98,576
12,750
10,585
284
10,301
99,311
12,937
10,664
280
10,384
99,253
13,026
10,688
280
10,408
101,505
13,601
10,882
291
10,591
101,990
13,868
10,921
149
10,772
103,127
14,219
11,121
202
10,919
110
22,795
18,656
316
6
1,640
3,456
1,774
1,683
1,166
1,163
2,740
1,609
6,560
4,139
896
316
2,928
113
22,784
18,611
323
6
1,635
3,369
1,714
1,654
1,150
1,166
2,690
1,613
6,660
4,173
895
313
2,965
111
22,862
18,636
334
6
1,628
3,326
1,711
1,615
1,149
1,167
2,710
1,589
6,725
4,226
910
310
3,006
114
22,979
18,694
330
7
1,679
3,307
1,720
1,587
1,150
1,144
2,698
1,612
6,769
4,284
911
325
3,048
133
23,605
19,157
340
6
1,668
3,284
1,703
1,580
1,173
1,192
2,813
1,718
6,963
4,449
953
361
3,135
112
23,631
19,128
337
8
1,638
3,259
1,670
1,589
1,197
1,204
2,795
1,695
6,996
4,503
952
356
3,195
122
23,995
19,423
357
8
1,678
3,303
1,700
1,603
1,210
1,219
2,820
1,728
7,100
4,572
961
365
3,246
440
120,695
93,271
769
138
8,727
9,623
5,370
4,252
7,057
6,476
10,421
9,464
40,598
27,424
11,715
2,239
13,470
422
121,490
93,756
786
139
8,871
9,645
5,430
4,215
7,206
6,451
10,220
9,852
40,585
27,733
11,865
2,206
13,662
420
122,493
94,101
809
157
8,969
9,515
5,278
4,237
7,149
6,439
10,342
9,785
40,937
28,392
11,917
2,217
14,258
421
122,545
94,367
809
152
9,026
9,527
5,358
4,169
7,104
6,409
10,362
9,976
41,002
28,178
11,887
2,214
14,077
435
125,553
96,112
808
144
9,194
9,521
5,362
4,159
6,921
6,509
10,649
9,890
42,477
29,441
12,449
2,371
14,621
296
126,483
96,667
787
142
9,240
9,437
5,248
4,189
6,929
6,629
10,660
10,352
42,492
29,816
12,582
2,365
14,870
353
128,114
97,828
834
146
9,539
9,502
5,323
4,179
6,923
6,670
10,688
10,539
42,987
30,285
12,820
2,417
15,048
Missouri
2001
I
See footnotes at the end of table.
lllf
34,276
34,163
113
Item
Income by place of residence
1 Personal income (lines 4-11)..............................................................
2
Nonfarm personal income...............................................................
3
Farm income (line 17).....................................................................
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34).............................
5 Less: Personal contributions for social insurance2............................
6 Plus: Adjustment for residence3 ....
7 Equals: Net earnings by place of residence........................................
8 Pitts: Dividends, interest, and rent4....
9 Plus: Transfer payments.....................
10
.i
State unemployment insurance benefits...............................
* Transfers excluding State unemployment insurance benefits
11
Earnings by place of work
Components of earnings:
12
Wage and salary disbursements....................................................
13
Other labor income
14
Proprietors' income5 ......................................................................
15
Farm proprietors’ income...........................................................
16
Nonfarm proprietors’ income......................................................
Earnings by industry
17
Farm earnings.................................................................................
18
Nonfarm earnings...........................................................................
19
Private earnings.........................................................................
20
Agricultural services, forestry, fishing, and other6................
21
Mining....................................................................................
22
Construction.,
23
Manufacturing........................................................................
24
Durable goods...................................................................
25
Nondurable goods.............................................................
26
Transportation and public utilities...........................................
27
Wholesale trade.....................................................................
28
Retail trade....
29
Finance, insurance, and real estate.......................................
30
Services.......
31
. Government and government enterprises.................................
32
Federal, civilian......................................................................
Military...................................................................................
33
34
State and local.......................................................................
II'
34,210
34,100
110
Mississippi
Line
\'
II
2002
III
IV
lr
IIr
2001
III'’
2002
I
II
III
IV
lr
II'
III"
61,795
60,931
864
61,969
61,112
857
62,278
61,422
856
62,611
61,749
863
63,840
63,311
528
64,321
63,925
396
64,798
64,341
457
157,887
157,243
644
158,423
157,846
577
159,641
159,131
510
159,673
159,131
542
161,952
161,797
155
162,461
162,977
-516
163,320
163,888
-568
40,139
2,524
1,474
39,089
10,473
12,232
157
12,076
40,127
2,532
1,487
39,082
10,360
12,527
183
12,344
40,152
2,537
1,501
39,116
10,359
12,802
189
12,613
40,348
2,555
1,486
39,278
10,306
13,027
214
12,813
41,117
2,660
1,503
39,960
10,355
13,525
264
13,262
41,093
2,661
1,526
39,958
10,556
13,807
350
13,457
41,420
2,672
1,554
40,303
10,551
13,944
292
13,652
112,903
6,770
-3,711
102,422
31,733
23,732
396
23,336
113,247
6,811
-3,713
102,723
31,500
24,200
456
23,744
114,260
6,899
-3,747
103,614
31,406
24,622
455
24,166
114,106
6,910
-3,757
103,439
31,202
25,032
544
24,488
115,620
7,115
-3,825
104,680
31,260
26,012
696
25,316
114,995
7,092
-3,780
104,123
31,743
26,595
918
25,677
115,722
7,126
-3,766
104,830
31,684
26,805
767
26,038
31,047
4,268
4,825
677
4,148
30,997
4,283
4,847
661
4,186
30,939
4,302
4,911
652
4,259
31,037
4,364
4,947
654
4,293
31,821
4,534
4,762
315
4,447
31,822
4,600
4,671
176
4,495
31,957
4,690
4,773
231
4,542
90,309
10,714
11,880
372
11,508
90,507
10,787
11,953
291
11,662
91,390
10,955
11,915
214
11,701
91,201
11,047
11,857
239
11,619
92,494
11,403
11,723
-155
11,878
92,152
11,549
11,294
-836
12,130
92,621
11,736
11,364
-898
12,262
864
39,275
30,288
354
352
2,364
7,331
4,667
2,664
2,708
1,799
3,963
1,903
9,514
8,987
1,566
1,208
6,213
857
39,270
30,203
356
358
2,354
7,248
4,631
2,618
2,603
1,785
3,943
1,906
9,650
9,067
1,572
1,170
6,324
856
39,297
30,187
360
354
2,427
7,101
4,482
2,619
2,585
1,795
4,001
1,923
9,640
9,110
1,570
1,144
6,395
863
39,485
30,259
367
350
2,495
7,014
4,427
2,587
2,563
1,791
4,004
1,887
9,787
9,226
1,552
1,192
6,482
528
40,588
31,247
364
355
2,780
7,251
4,629
2,622
2,663
1,850
4,038
1,977
9,969
9,342
1,603
1,299
6,439
396
40,697
31,240
363
333
2,731
7,139
4,598
2,540
2,642
1,853
4,062
2,029
10,088
9,457
1,611
1,300
6,546
457
40,963
31,359
384
336
2,735
7,011
4,472
2,539
2,649
1,860
4,076
2,059
10,250
9,604
1,649
1,312
6,643
644
112,259
94,902
623
296
7,950
17,653
10,133
7,519
9,468
7,348
10,454
9,876
31,235
17,356
3,722
1,131
12,504
577
112,670
95,163
625
312
8,101
17,622
10,218
7,404
9,338
7,395
10,388
9,696
31,687
17,507
3,713
1,118
12,675
510
113,749
95,992
639
300
8,071
17,873
10,493
7,380
9,369
7,385
10,554
9,705
32,096
17,757
3,702
1,092
12,963
542
113,563
95,718
634
281
8,048
17,868
10,429
7,439
9,324
7,219
10,627
9,684
32,034
17,846
3,680
1,126
13,040
155
115,465
97,174
679
326
8,082
17,567
9,946
7,621
9,896
7,404
10,778
9,968
32,474
18,291
3,818
1,241
13,233
-516
115,511
97,050
643
271
8,085
17,730
10,173
7,556
9,438
7,571
10,764
9,969
32,580
18,460
3,854
1,290
13,317
-568
116,290
97,761
676
276
8,159
17,650
10,261
7,389
9,592
7,600
10,818
10,115
32,874
18,529
3,855
1,267
13,406
February 2003
Su r v ey
43
C u r r e n t B u sin ess
of
and Earnings by Industry,1 2001:1-2002:111— Continued
adjusted at annual rates]
Minnesota
Michigan
Massachusetts
2001
2001
2002
2002
in '1
I
II
III
IV
lr
IIr
305,693
305,891
-198
307,213
307,232
-19
164,043
163,264
778
164,370
163,603
767
165,031
164,273
757
164,912
164,223
689
166,762
166,358
404
168,282
168,797
-515
169,751
170,084
-333
1
2
3
208,991
13,024
1,010
196,977
54,858
45,385
2,032
43,353
215,437
13,455
982
202,964
55,647
47,081
3,158
43,924
216,363
13,474
1,005
203,895
55,748
47,570
3,076
44,494
120,848
7,711
-1,126
112,011
34,008
18,024
460
17,564
120,917
7,732
-1,118
112,068
33,747
18,555
623
17,933
121,126
7,755
-1,096
112,275
33,719
19,037
737
18,300
120,806
7,757
-1,096
111,954
33,577
19,381
813
18,569
121,971
7,953
-1,098
112,920
33,758
20,084
939
19,145
122,247
8,016
-1,112
113,119
34,439
20,723
1,327
19,396
123,594
8,077
-1,119
114(398
34,426
20,928
1,281
19,647
4
5
6
7
8
9
10
11
172,225
21,026
17,994
-156
18,150
169,839
20,948
18,203
-275
18,477
175,402
22,107
17,929
-791
18,720
175,700
22,385
18,278
-629
18,907
99,900
10,257
10,691
271
10,420
99,819
10,341
10,757
258
10,499
99,820
10,413
10,893
249
10,644
99,517
10,501
10,788
180
10,608
100,481
10,777
10,714
-116
10,831
101,239
11,016
9,992
-1,052
11,044
102,047
11,254
10,293
-885
11,178
12
13
14
15
16
409
210,837
181,444
1,137
618
12,374
58,462
45,278
13,184
10,845
12,056
17,752
12,699
55,502
29,393
3,565
449
25,378
302
208,688
178,815
1,159
536
12,673
54,901
41,635
13,265
10,840
11,899
17,928
12,777
56,103
29,873
3,627
505
25,741
-198
215,635
185,682
1,146
604
12,367
60,631
47,128
13,504
10,887
12,306
17,861
13,032
56,848
29,954
3,690
514
25,750
-19
216,383
186,188
1,213
632
12,417
59,770
46,235
13,535
10,982
12,366
17,863
13,331
57,615
30,195
3,770
515
25,910
778
120,070
104,323
664
399
7,741
22,377
13,444
8,934
7,583
9,189
11,111
12,047
33,211
15,747
2,180
317
13,249
767
120,150
103,930
668
373
7,611
22,097
13,162
8,935
7,771
9,214
10,905
11,718
33,575
16,220
2,180
315
13,725
757
120,369
104,011
696
366
8,007
22,046
12,994
9,052
7,646
9,174
11,108
11,587
33,382
16,358
2,180
315
13,863
689
120,118
103,612
687
357
8,044
21,453
12,553
8,900
7,509
9,161
11,054
11,970
33,378
16,506
2,164
375
13,967
404
121,567
104,815
713
335
8,069
22,023
12,963
9,060
7,385
9,244
11,159
11,918
33,970
16,752
2,256
421
14,075
-515
122,762
105,602
700
353
8,043
21,936
12,963
8,973
7,498
9,295
11,427
11,789
34,561
17,160
2,268
430
14,462
-333
123,927
106,494
I 43
J55
8,041
22,011
12,983
9,029
-7*SQ7
$,309
11,467
12,057
35,004
17,433
2,311
428
14,695
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
II
III
IV
I'
IIr
III'’
I
II
III
IV
lr
250,286
250,193
93
248,478
248,382
96
247,285
247,187
99
246,759
246,656
104
248,342
248,245
97
252,490
252,411
79
254,029
253,935
94
295,990
295,570
419
297,595
297,224
371
298,898
298,543
355
297,954
297,545
409
297,220
296,918
302
190,907
10,862
-4,840
175,205
45,389
29,691
862
28,830
188,483
10,722
-4,730
173,031
45,071
30,376
1,134
29,241
186,366
10,598
-4,588
171,179
45,003
31,104
1,440
29,664
185,256
10,559
-4,566
170,130
44,690
31,939
1,956
29,983
185,492
10,687
-4,461
170,345
44,853
33,144
2,362
30,782
187,671
10,799
-4,539
172,334
45,839
34,317
3,188
31,129
189,142
10,867
-4,571
173,704
45,691
34,634
3,157
31,477
211,350
12,915
988
199,423
55,705
40,862
1,266
39,596
212,266
13,020
982
200,227
55,314
42,053
1,551
40,502
212,984
13,098
987
200,872
55,033
42,993
1,597
41,396
211,246
13,007
981
199,220
54,719
44,016
1,974
42,042
156,763
16,256
17,888
-14
17,902
154,342
16,070
18,072
-14
18,085
152,222
16,013
18,130
-13
18,143
151,214
16,043
17,999
-10
18,008
150,723
16,346
18,423
-18
18,441
152,241
16,726
18,704
-39
18,743
153,259
17,042
18,842
-27
18,869
173,142
20,564
17,644
-143
17,786
173,746
20,812
17,707
-193
17,900
174,121
21,025
17,838
-209
18,047
93
190,814
168,763
1,026
134
10,396
27,582
19,046
8,535
9,268
11,723
15,050
24,404
69,181
22,051
3,750
543
17,758
96
188,387
166,674
1,053
131
10,582
27,279
18,606
8,673
9,082
11,571
15,007
22,855
69,115
21,714
3,789
541
17,384
99
186,267
164,089
1,086
137
10,765
26,319
17,478
8,841
8,950
11,284
15,120
22,580
67,849
22,178
3,826
542
17,809
104
185,152
163,053
1,087
147
10,836
25,850
17,475
8,375
8,820
10,941
15,014
23,195
67,165
22,099
3,803
590
17,707
97
185,395
162,524
1,111
153
11,259
24,901
16,931
7,970
8,764
11,141
15,143
22,616
67,436
22,872
3,989
672
18,211
79
187,592
164,576
1,079
155
11,192
25,378
16,984
8,393
8,843
11,188
15,531
23,240
67,971
23,016
4,041
682
18,293
94
189,048
165,952
1,148
156
11,155
25,504
17,101
8,403
8,885
11,161
15,488
23,716
68,738
23,096
4,097
690
18,309
419
210,931
182,544
1,129
575
12,367
60,037
46,580
13,458
10,842
12,648
17,873
12,419
54,654
28,386
3,584
406
24,397
371
211,894
183,179
1,152
598
12,328
60,230
46,994
13,236
10,947
12,601
17,685
12,559
55,079
28,715
3,599
403
24,714
355
212,629
183,310
1,168
588
12,418
59,688
46,368
13,320
10,928
12,353
17,831
12,721
55,614
29,319
3,607
404
25,308
Nevada
Nebraska
2002
2001
2002
2001
I
II
Line
2002
2001
IIr
III"
64,337
64,221
116
64,888
64,805
83
65,399
65,299
100
1
2
3
46,134
2,513
-859
42,762
13,095
6,924
432
6,492
47,459
2,618
-892
43,949
13,127
7,261
514
6,747
47,549
2,613
-888
44,048
13,424
7,416
559
6,858
48,114
2,639
-901
44,575
13,372
7,453
484
6,969
4
5
6
7
8
9
10
11
37,652
4,423
5,236
34
5,203
36,678
4,347
5,109
40
5,069
37,637
4,538
5,284
54
5,230
37,552
4,587
5,411
19
5,392
37,930
4,699
5,486
34
5,452
12
13
14
15
16
94
47,216
40,220
324
680
4,840
2,190
1,457
733
2,772
2,029
4,776
4,065
18,544
6,996
1,018
504
5,474
101
46,033
39,115
325
685
4,653
2,191
1,466
724
2,717
2,021
4,694
3,926
17,904
6,918
1,013
512
5,393
116
47,343
40,121
330
710
4,732
2,094
1,384
710
2,742
2,012
4,832
4,106
18,564
7,222
1,036
566
5,620
83
47,466
40,280
321
691
4,887
2,100
1,394
706
2,635
2,071
4,908
4,133
18,534
7,186
1,059
588
5,540
100
48,014
40,737
344
690
4,940
2,169
1,425
744
2,681
2,092
4,941
4,227
18,654
7,278
1,098
603
5,576
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
III
IV
I
II
III
IV
lr
IIr
III?
I
II
III
IV
lr
II'
in '1
21,386
21,147
239
21,633
21,358
275
21,947
21,586
361
21,726
21,628
98
22,001
21,845
155
22,260
22,263
-4
22,589
22,453
136
48,973
47,718
1,256
49,299
48,117
1,182
49,751
48,631
1,119
49,933
48,832
1,101
51,522
49,410
2,113
51,799
49,930
1,869
52,357
50,385
1,972
62,313
62,217
96
63,059
62,967
92
63,712
63,618
94
62,781
62,680
101
13,782
901
1
12,883
5,024
3,479
70
3,409
14,043
921
1
13,123
5,001
3,509
75
3,434
14,339
938
1
13,402
5,004
3,542
78
3,464
14,108
944
0
13,164
4,986
3,576
87
3,489
14,281
964
0
13,317
4,997
3,686
101
3,585
14,418
984
-1
13,433
5,071
3,756
129
3,627
14,745
994
-1
13,750
5,067
3,771
103
3,668
34,825
2,144
-665
32,016
10,723
6,234
64
6,170
35,106
2,174
-674
32,259
10,675
6,365
78
6,287
35,454
2,206
-683
32,565
10,693
6,493
87
6,406
35,559
2,218
-686
32,656
10,678
6,600
104
6,496
36,918
2,269
-686
33,963
10,722
6,837
123
6,715
36,891
2,277
-686
33,928
10,884
6,987
177
6,810
37,359
2,299
-695
34,365
10,907
7,086
181
6,905
46,008
2,486
-850
42,672
13,368
6,273
221
6,051
46,749
2,533
-876
43,340
13,259
6,460
248
6,213
47,311
2,572
-893
43,846
13,216
6,650
276
6,374
10,244
1,393
2,146
89
2,057
10,424
1,422
2,196
122
2,074
10,582
1,454
2,303
207
2,097
10,610
1,464
2,035
-57
2,092
10,668
1,494
2,119
-3
2,122
10,882
1,546
1,990
-165
2,155
10,996
1,584
2,165
-29
2,194
26,929
3,149
4,748
891
3,857
27,218
3,198
4,690
800
3,890
27,552
3,247
4,655
723
3,932
27,613
3,283
4,664
696
3,968
27,821
3,373
5,723
1,696
4,027
27,913
3,442
5,536
1,437
4,099
28,195
3,522
5,641
1,524
4,118
36,585
4,302
5,122
37
5,085
37,175
4,360
5,214
32
5,182
239
13,544
10,465
143
363
1,071
960
620
341
1,050
657
1,574
846
3,800
3,079
797
262
2,020
275
13,768
10,621
152
353
1,075
937
597
340
1,122
659
1,578
864
3,880
3,146
799
258
2,090
361
13,978
10,760
159
375
1,111
960
618
342
1,082
667
1,609
871
3,926
3,218
825
255
2,138
98
14,010
10,797
156
373
1,101
957
613
344
1,099
664
1,619
866
3,962
3,213
790
261
2,161
155
14,126
10,903
181
354
1,088
941
593
348
1,083
664
1,628
900
4,065
3,222
811
283
2,129
-4
14,421
11,113
166
378
1,097
932
590
341
1,154
674
1,660
902
4,150
3,308
821
287
2,200
136
14,609
11,256
176
384
1,142
950
588
363
1,135
688
1,661
929
4,190
3,353
846
289
2,218
1,256
33,570
27,700
247
102
2,139
4,476
2,181
2,295
3,389
2,170
2,987
2,811
9,381
5,870
937
599
4,334
1,182
33,924
27,932
253
102
2,192
4,479
2,120
2,359
3,534
2,166
2,991
2,806
9,408
5,993
947
589
4,457
1,119
34,335
28,252
255
103
2,234
4,473
2,085
2,388
3,508
2,187
3,009
2,830
9,653
6,083
940
580
4,563
1,101
34,458
28,299
254
111
2,239
4,426
2,026
2,400
3,572
2,158
3,052
2,789
9,698
6,160
924
582
4,654
2,113
34,805
28,541
245
115
2,296
4,333
2,028
2,305
3,539
2,226
3,018
3,058
9,710
6,263
962
637
4,664
1,869
35,021
28,623
246
114
2,355
4,454
2,074
2,380
3,605
2,243
3,042
2,858
9,707
6,398
968
650
4,779
1,972
35,387
28,942
255
114
2,302
4,608
2,088
2,520
3,650
2,292
3,054
2,925
9,744
6,444
982
656
4,806
96
45,912
39,253
292
715
4,597
2,060
1,337
723
2,770
1,980
4,666
3,979
18,194
6,659
987
508
5,164
92
46,657
39,937
307
699
4,699
2,260
1,535
725
3,051
1,986
4,706
3,969
18,260
6,720
1,005
505
5,211
Line
2002
III?
I
Montana
2001
lr
Personal Income by State
44
February 2003
Table 2. Personal Income by Major Source
[Millions of dollars, seasonally
New Hampshire
Item
Line
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Farm earnings.................................................................................
Nonfarm earnings...........................................................................
Private earnings
Agricultural services, forestry, fishing, and other6................
Mining.........
Construction.
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities...........................................
Wholesale trade
Retail trade...
Finance, insurance, and real estate......................................
Services......
Government and government enterpnses.................................
Federal, civilian
Military........
State and local.......................................................................
2002
2001
I
Income by place of residence
1 Personal income (lines 4-11)..............................................................
2
Nonfarm personal income...............................................................
3
Farm income (line 17).....................................................................
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34).............................
5 Less: Personal contributions for social insurance2............................
6 Plus: Adjustment for residence3.........................................................
7 Equals: Net earnings by place of residence.......................................
8 Plus: Dividends, interest, and rent4....................................................
9 Plus: Transfer payments......................................................................
10
State unemployment insurance benefits...............................
11
Transfers excluding State unemployment insurance benefits
Earnings by place of work
Components of earnings:
12
Wage and salary disbursements....................................................
13
Other labor income.........................................................................
14
Proprietors’ income5......................................................................
15
Farm proprietors’ income...........................................................
16
Nonfarm proprietors’ income......................................................
Earnings by industry
New Jersey
III
II
IV
1'
II'
2001
III'’
2002
1
II
III
IV
I'
II'
111"
43,020
42,985
35
42,993
42,958
35
42,966
42,929
36
42,965
42,928
38
43,243
43,204
40
44,158
44,123
35
44,627
44,589
38
325,495
325,259
236
325,753
325,517
237
327,663
327,418
245
327,982
327,740
243
334,061
333,808
253
334,624
334,391
234
337,930
337,680
250
28,299
1,755
3,911
30,454
8,180
4,385
31
4,355
28,340
1,762
3,837
30,416
8,114
4,463
44
4,419
28,310
1,761
3,775
30,324
8,087
4,555
69
4,486
28,322
1,766
3,745
30,301
8,016
4,648
113
4,535
28,456
1,792
3,752
30,417
8,037
4,789
132
4,657
29,172
1,837
3,743
31,078
8,211
4,868
158
4,710
29,629
1,862
3,767
31,534
8,188
4,905
142
4,763
221,237
13,587
21,643
229,293
60,237
35,965
1,204
34,761
221,744
13,644
21,003
229,103
59,960
36,690
1,371
35,319
223,296
13,774
20,684
230,206
59,959
37,498
1,608
35,889
223,115
13,794
20,634
229,955
59,648
38,380
2,063
36,317
229,755
14,421
19,030
234,364
59,829
39,868
2,512
37,355
225,974
14,109
20,349
232,215
60,938
41,471
3,664
37,807
228,405
14,238
20,606
234,773
60,839
42,318
4,059
38,259
22,570
2,334
3,395
-5
3,400
22,573
2,340
3,427
-6
3,433
22,504
2,350
3,456
-6
3,462
22,485
2,376
3,462
-5
3,467
22,467
2,416
3,573
-4
3,577
23,027
2,510
3,636
-10
3,646
23,345
2,580
3,703
-7
3,711
177,963
17,223
26,052
48
26,004
177,999
17,400
26,345
45
26,301
179,091
17,662
26,543
49
26,494
178,704
17,805
26,606
45
26,561
183,988
18,626
27,141
52
27,090
179,937
18,485
27,553
27
27,526
181,640
18,882
27,883
38
27,845
35
28,263
25,100
190
26
1,999
5,676
4,245
1,431
1,229
2,104
3,329
2,134
8,414
3,163
538
73
2,552
35
28,304
25,138
198
26
2,058
5,444
4,080
1,364
1,233
2,101
3,337
2,200
8,541
3,166
531
72
2,564
36
28,274
25,062
203
26
2,153
5,196
3,851
1,344
1,216
2,131
3,367
2,219
8,551
3,212
544
72
2,597
38
28,285
25,005
205
28
2,234
5,120
3,835
1,285
1,222
2,041
3,384
2,197
8,575
3,280
532
88
2,660
40
28,417
25,103
203
28
2,355
4,980
3,658
1,323
1,252
2,092
3,459
2,205
8,528
3,314
553
103
2,658
35
29,138
25,708
203
29
2,344
4,993
3,669
1,324
1,330
2,157
3,457
2,383
8,813
3,429
550
106
2,774
38
29,590
26,068
217
31
2,399
5,098
3,775
1,323
1,299
2,197
3,463
2,446
8,918
3,522
559
105
2,858
236
221,002
191,211
1,087
268
10,797
31,479
10,964
20,515
18,941
19,021
17,744
23,626
68,250
29,791
4,528
819
24,444
237
221,508
191,609
1,085
264
11,287
31,085
10,927
20,159
19,683
18,799
17,645
22,653
69,109
29,899
4,531
794
24,574
245
223,051
192,567
1,127
270
11,615
30,955
10,912
20,042
19,804
18,531
17,890
23,057
69,317
30,484
4,496
773
25,216
243
222,873
192,041
1,144
288
11,875
29,826
10,526
19,300
19,548
18,511
17,958
23,936
68,955
30,831
4,458
795
25,579
253
229,502
197,598
1,202
302
12,097
30,487
10,847
19,640
19,533
19,879
18,370
25,259
70,469
31,904
4,635
884
26,385
234
225,740
194,915
1,135
270
11,745
29,654
10,343
19,310
19,664
19,227
18,536
24,464
70,221
30,825
4,652
898
25,275
250
228,155
197,334
1,202
270
11,854
29,849
10,438
19,411
19,870
19,455
18,711
25,001
71,123
30,821
4,721
881
25,218
North Dakota
Line
Item
I
Income by place of residence
1 Personal income (lines 4-11)..............................................................
2
Nonfarm personal income...............................................................
3
Farm income (line 17).....................................................................
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34)..............................
5 Less: Personal contributions for social insurance2.............................
6 Plus: Adjustment for residence3.........................................................
7 Equals: Net earnings by place of residence........................................
8 Plus: Dividends, interest, and rent4....................................................
9 Plus: Transfer payments......................................................................
10
State unemployment insurance benefits................................
11
Transfers excluding State unemployment insurance benefits
Eamings by place of work
Components of eamings:
12
Wage and salary disbursements....................................................
13
Other labor income.........................................................................
14
Proprietors’ income5......................................................................
15
Farm proprietors’ income...........................................................
16
Nonfarm proprietors’ income......................................................
Earnings by industry
17
Farm earnings.................................................................................
18
Nonfarm earnings...........................................................................
19
Private earnings.........................................................................
20
Agricultural services, forestry, fishing, and other6................
21
Mining.........
22
Construction.
23
Manufacturing
24
Durable goods
25
Nondurable goods
26
Transportation and public utilities...........................................
27
Wholesale trade
28
Retail trade...
29
Finance, insurance, and real estate.......................................
30
Services......
31
Government and government enterpnses..................................
32
Federal, civilian
33
Military........
34
State and local.......................................................................
See footnotes at the end of table.
Ohio
2002
2001
II
III
IV
I'
II'
2002
2001
III"
I
II
III
IV
I'
II'
III"
16,318
16,012
306
16,370
16,014
356
16,565
16,283
282
16,481
16,274
207
17,065
16,559
506
16,875
16,718
157
17,049
16,843
206
325,760
325,006
755
327,376
326,635
741
329,274
328,556
718
328,568
327,847
722
332,418
331,738
680
336,642
336,276
366
338,454
338,182
272
11,294
743
-377
10,173
3,506
2,639
33
2,606
11,367
746
-377
10,244
3,479
2,647
35
2,612
11,587
770
-396
10,421
3,489
2,654
31
2,624
11,483
768
-392
10,323
3,484
2,675
38
2,637
12,008
795
-402
10,811
3,495
2,758
43
2,715
11,697
795
-397
10,504
3,549
2,821
72
2,749
11,852
801
-400
10,651
3,548
2,850
66
2,783
229,425
12,829
-1,396
215,200
62,614
47,947
961
46,986
230,538
12,912
-1,387
216,240
62,327
48,810
1,167
47,642
231,827
13,002
-1,378
217,447
62,264
49,563
1,245
48,318
230,652
12,949
-1,343
216,361
61,940
50,267
1,440
48,828
233,067
13,255
-1,354
218,459
62,050
51,909
1,805
50,104
235,363
13,385
-1,387
220,591
62,981
53,070
2,410
50,660
237,156
13,467
-1,384
222,305
62,860
53,289
2,073
51,216
8,731
1,119
1,444
158
1,286
8,744
1,126
1,496
200
1,295
8,997
1,159
1,431
121
1,310
8,954
1,165
1,364
42
1,322
9,127
1,209
1,672
336
1,336
9,122
1,236
1,338
-19
1,358
9,192
1,266
1,394
23
1,371
187,697
21,108
20,620
413
20,207
188,338
21,406
20,794
384
20,411
189,156
21,726
20,945
347
20,598
187,788
21,902
20,962
341
20,620
189,316
22,462
21,289
292
20,998
191,103
22,958
21,302
-34
21,335
192,336
23,386
21,433
-139
21,573
306
10,987
8,487
101
219
732
907
594
313
931
839
1,086
715
2,957
2,500
517
464
1,519
356
11,011
8,478
99
227
721
904
591
313
945
844
1,078
721
2,940
2,532
522
457
1,553
282
11,305
8,703
102
223
733
938
608
330
964
850
1,097
725
3,070
2,602
529
453
1,620
207
11,276
8,664
100
227
768
910
596
314
972
849
1,105
722
3,012
2,612
524
458
1,629
506
11,503
8,830
106
206
735
912
602
310
965
861
1,124
751
3,169
2,673
544
502
1,627
157
11,540
8,805
97
220
734
944
624
319
986
856
1,117
743
3,107
2,735
558
515
1,662
206
11,646
8,866
102
206
730
934
604
330
994
880
1,121
758
3,142
2,780
567
528
1,686
755
228,670
195,158
1,160
891
13,224
52,564
35,623
16,940
13,152
14,872
21,768
16,899
60,628
33,512
5,677
969
26,866
741
229,797
195,284
1,194
867
13,238
52,290
35,401
16,889
12,964
14,891
21,823
16,710
61,306
34,513
5,674
942
27,897
718
231,109
195,874
1,207
909
13,414
52,019
34,983
17,036
12,840
14,789
21,900
16,999
61,797
35,234
5,681
934
28,619
722
229,931
193,905
1,193
927
13,274
50,822
33,980
16,841
12,725
14,476
21,834
17,116
61,539
36,026
5,573
1,030
29,423
680
232,387
195,561
1,206
864
13,607
50,325
33,196
17,129
13,025
14,675
21,977
17,625
62,256
36,827
5,757
1,152
29,918
366
234,997
198,190
1,199
906
13,493
51,825
34,408
17,416
13,105
14,775
22,282
17,633
62,973
36,807
5,788
1,177
29,842
272
236,884
199,758
1,260
904
13,545
51,815
34,158
17,657
13,140
14,947
22,466
18,019
63,662
37,126
5,803
1,194
30,129
February 2003
Su r v e y
45
C u r r e n t B u sin ess
of
and Earnings by Industry,12001:1-2002:111— Continued
adjusted at annual rates]
New Mexico
New York
2001
I
II
41,543
40,868
675
42,070
41,410
660
28,817
1,689
118
27,245
7,557
6,740
83
6,657
2002
III
North Carolina
2001
2002
2001
2002
Line
IV
lr
II ’
III'’
I
II
III
IV
1'
IIr
III p
I
II
III
IV
lr
II'
III?
42,709
42,034
676
43,092
42,370
722
43,917
43,060
857
44,290
43,845
444
44,774
44,161
613
688,789
688,006
783
683,235
682,444
791
683,650
682,847
803
683,421
682,615
806
677,906
677,343
563
691,539
690,987
552
696,973
696,409
565
225,421
222,662
2,759
225,430
222,844
2,586
225,125
222,561
2,565
224,959
222,442
2,517
229,957
227,395
2,562
230,465
229,104
1,361
233,155
231,407
1,748
1
2
3
29,205
1,717
113
27,601
7,578
6,891
92
6,799
29,682
1,749
108
28,042
7,626
7,042
98
6,944
29,941
1,765
104
28,279
7,624
7,189
135
7,054
30,503
1,814
98
28,786
7,645
7,486
165
7,321
30,642
1,846
94
28,889
7,759
7,641
203
7,438
31,034
1,855
94
29,273
7,737
7,764
210
7,554
521,377
31,186
-29,565
460,626
123,894
104,269
1,938
102,331
513,490
30,658
-28,758
454,074
123,368
105,793
2,335
103,458
512,054
30,616
-28,399
453,040
123,213
107,396
2,747
104,649
510,827
30,686
-28,441
451,699
122,641
109,081
3,508
105,573
499,023
30,171
-26,378
442,474
122,933
112,499
4,354
108,145
510,493
30,859
-27,908
451,726
124,755
115,057
5,793
109,265
516,385
31,188
-28,279
456,918
124,644
115,412
5,029
110,383
162,518
10,017
-1,014
151,488
42,936
30,997
626
30,371
161,958
10,011
-990
150,957
42,641
31,832
863
30,969
160,649
9,956
-968
149,926
42,599
32,601
1,014
31,587
160,214
9,940
-944
149,330
42,318
33,311
1,255
32,056
164,047
10,321
-1,002
152,723
42,477
34,757
1,501
33,256
162,625
10,275
-964
151,386
43,414
35,664
1,885
33,779
165,114
10,397
-981
153,735
43,282
36,138
1,837
34,301
4
5
6
7
8
9
10
11
22,584
3,081
3,152
488
2,664
22,896
3,156
3,153
470
2,683
23,271
3,226
3,185
485
2,700
23,425
3,279
3,237
530
2,707
23,710
3,388
3,405
662
2,743
24,115
3,513
3,014
244
2,770
24,241
3,585
3,208
408
2,800
418,933
39,294
63,150
342
62,807
410,416
38,887
64,186
339
63,848
408,657
39,161
64,236
341
63,896
408,218
39,582
63,026
337
62,689
395,284
39,297
64,442
86
64,356
404,148
40,463
65,882
64
65,818
408,588
41,379
66,418
67
66,352
130,775
15,440
16,303
2,292
14,011
130,250
15,465
16,243
2,083
14,160
129,149
15,414
16,287
2,031
14,256
128,507
15,562
16,146
1,963
14,183
131,415
16,221
16,412
1,997
14,415
130,772
16,430
15,423
779
14,645
132,373
16,827
15,914
1,149
14,765
12
13
14
15
16
675
28,141
20,236
206
929
1,955
1,998
1,486
512
1,721
1,111
2,945
1,457
7,913
7,906
1,865
741
5,299
660
28,546
20,310
210
938
1,977
1,932
1,420
511
1,740
1,111
2,937
1,456
8,008
8,236
1,930
732
5,574
676
29,006
20,540
208
939
1,993
1,916
1,406
511
1,736
1,109
2,990
1,467
8,183
8,466
1,961
718
5,787
722
29,219
20,649
209
942
1,976
1,952
1,446
506
1,761
1,120
2,972
1,465
8,252
8,570
1,985
714
5,872
857
29,645
20,855
222
897
1,992
1,835
1,326
509
1,740
1,143
3,020
1,532
8,473
8,790
2,063
778
5,949
444
30,197
21,123
207
868
1,938
1,861
1,359
503
1,733
1,150
3,031
1,756
8,579
9,074
2,155
790
6,129
613
30,421
21,225
217
845
1,969
1,804
1,311
493
1,698
1,167
3,041
1,753
8,732
9,195
2,207
807
6,181
783
520,594
449,983
2,395
527
20,465
52,564
27,147
25,417
29,297
26,676
32,892
124,861
160,308
70,611
8,935
1,569
60,106
791
512,698
444,101
2,459
528
20,796
52,321
26,909
25,411
29,442
26,546
32,913
118,720
160,375
68,598
8,943
1,569
58,086
803
511,252
440,889
2,471
511
20,702
51,273
26,372
24,901
29,230
26,664
32,907
116,902
160,230
70,362
8,977
1,570
59,815
806
510,021
439,329
2,466
563
20,905
51,566
26,937
24,629
29,313
26,234
32,586
117,549
158,147
70,692
8,906
1,649
60,137
563
498,460
425,961
2,509
585
20,521
48,955
25,110
23,845
29,337
26,358
33,175
105,807
158,714
72,499
9,320
1,775
61,404
552
509,941
439,269
2,432
561
20,575
49,263
25,507
23,756
28,653
26,713
33,318
116,356
161,398
70,672
9,481
1,794
59,397
565
515,821
444,558
2,556
581
20,881
49,158
25,468
23,690
28,673
26,991
33,512
118,336
163,871
71,263
9,567
1,822
59,873
2,759
159,759
130,877
1,152
252
11,216
32,234
17,151
15,084
9,628
9,416
15,335
12,292
39,352
28,882
3,681
5,147
20,055
2,586
159,372
130,236
1,161
235
11,272
31,756
16,915
14,841
9,415
9,307
15,024
12,260
39,807
29,135
3,697
5,125
20,313
2,565
158,285
129,340
1,181
248
11,307
30,893
16,297
14,596
9,221
9,218
15,146
12,144
39,983
28,945
3,714
5,077
20,154
2,517
157,698
127,857
1,172
250
11,039
30,190
15,973
14,217
9,159
8,939
15,132
12,014
39,962
29,841
3,736
5,084
21,021
2,562
161,484
130,894
1,205
261
11,065
30,249
15,526
14,724
9,544
9,646
15,280
13,001
40,642
30,591
3,881
5,498
21,211
1,361
161,264
130,094
1,166
248
10,970
29,931
15,311
14,619
9,196
9,592
15,336
12,675
40,980
31,170
3,959
5,606
21,605
1,748
163,366
131,813
1,237
249
10,925
30,333
15,531
14,802
9,203
9,755
15,454
12,947
41,710
31,553
3,987
5,678
21,888
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Oklahoma
Oregon
2001
2002
Pennsylvania
2002
2001
2001
III
IV
I'
IIr
IN '1
I
II
III
IV
lr
II'
III"
86,002
85,305
697
86,432
85,732
700
87,104
86,406
698
87,460
86,740
720
88,536
87,984
552
89,110
88,588
522
90,041
89,516
525
97,776
97,161
616
97,723
97,089
634
97,903
97,251
652
97,851
97,184
668
99,344
98,631
713
100,669
100,023
646
101,820
101,101
719
376,229
375,392
837
376,868
376,029
839
378,925
378,087
838
377,825
376,979
846
386,342
385,909
432
389,668
389,373
295
393,136
392,774
363
1
2
3
59,442
3,498
919
56,862
15,685
13,455
152
13,303
59,715
3,526
915
57,104
15,589
13,739
177
13,562
60,145
3,564
921
57,502
15,572
14,029
208
13,822
60,369
3,577
919
57,711
15,497
14,253
239
14,014
60,944
3,671
925
58,198
15,557
14,781
329
14,452
60,935
3,653
937
58,219
15,833
15,058
415
14,643
61,764
3,699
944
59,009
15,803
15,230
397
14,833
69,471
4,324
-2,316
62,831
21,276
13,669
483
13,186
69,096
4,308
-2,234
62,554
21,118
14,051
593
13,458
68,965
4,306
-2,239
62,420
21,046
14,437
698
13,739
68,673
4,298
-2,232
62,143
20,914
14,794
843
13,951
69,263
4,384
-2,217
62,661
20,954
15,729
1,236
14,492
69,986
4,428
-2,255
63,303
21,261
16,105
1,377
14,728
70,884
4,475
-2,287
64,122
21,228
16,470
1,506
14,963
258,716
15,900
1,612
244,427
71,099
60,703
1,740
58,963
258,857
15,949
1,635
244,544
70,664
61,659
2,042
59,617
260,050
16,049
1,679
245,680
70,660
62,585
2,256
60,328
258,155
15,939
1,746
243,962
70,260
63,603
2,708
60,895
264,926
16,638
1,674
249,961
70,371
66,009
3,384
62,625
265,614
16,640
1,559
250,534
71,428
67,707
4,329
63,378
268,491
16,792
1,579
253,278
71,305
68,553
4,423
64,131
4
5
6
7
8
9
10
11
43,456
6,094
9,892
497
9,394
43,633
6,135
9,946
488
9,458
43,950
6,193
10,003
475
9,528
43,958
6,243
10,168
490
9,678
44,420
6,415
10,109
318
9,792
44,190
6,517
10,228
281
9,947
44,755
6,667
10,342
278
10,064
55,691
6,215
7,566
-47
7,613
55,246
6,261
7,589
-53
7,642
55,003
6,335
7,627
-54
7,681
54,687
6,404
7,582
-52
7,634
54,941
6,536
7,786
-27
7,813
55,473
6,691
7,822
-124
7,946
56,074
6,860
7,950
-79
8,030
203,745
22,025
32,947
358
32,589
203,561
22,146
33,151
347
32,803
204,167
22,387
33,496
337
33,160
202,029
22,391
33,735
338
33,397
207,702
23,397
33,828
-85
33,912
207,642
23,770
34,202
-233
34,436
209,608
24,269
34,614
-178
34,791
12
13
14
15
16
697
58,744
46,308
315
3,283
3,158
8,738
4,964
3,774
4,758
2,907
5,626
3,250
14,273
12,436
2,984
1,548
7,904
700
59,014
46,381
331
3,192
3,327
8,760
4,973
3,788
4,687
2,785
5,590
3,229
14,479
12,633
2,996
1,537
8,099
698
59,447
46,647
333
3,226
3,330
8,690
4,847
3,843
4,770
2,785
5,658
3,263
14,592
12,800
2,964
1,512
8,324
720
59,649
46,751
330
3,329
3,191
8,483
4,582
3,901
4,879
2,840
5,637
3,236
14,826
12,898
2,921
1,539
8,437
552
60,392
47,288
346
3,356
3,183
8,532
4,612
3,920
4,679
3,158
5,745
3,329
14,961
13,103
3,059
1,670
8,375
522
60,413
47,097
338
3,300
3,157
8,608
4,693
3,915
4,778
2,849
5,645
3,373
15,049
13,316
3,089
1,712
8,514
525
61,239
47,834
354
3,350
3,189
8,814
4,865
3,949
4,807
2,885
5,692
3,457
15,286
13,405
3,122
1,716
8,566
616
68,856
57,634
891
99
5,009
12,337
9,867
2,471
4,262
4,837
7,095
4,754
18,351
11,221
1,970
246
9,006
634
68,462
57,025
912
95
4,751
12,003
9,533
2,470
4,245
4,675
7,110
4,800
18,434
11,437
1,980
242
9,215
652
68,313
56,632
969
93
4,616
11,861
9,394
2,466
4,087
4,571
7,123
4,819
18,492
11,681
2,022
241
9,418
668
68,005
56,193
928
92
4,459
12,024
9,570
2,454
4,100
4,457
7,051
4,764
18,318
11,812
1,948
280
9,584
713
68,550
56,577
967
101
4,640
11,560
9,135
2,425
3,994
4,654
7,179
5,007
18,474
11,973
2,018
320
9,635
646
69,341
57,235
935
106
4,803
11,555
9,107
2,448
4,215
4,703
7,200
4,998
18,719
12,105
2,040
324
9,741
719
70,165
57,901
997
112
4,802
11,714
9,247
2,467
4,249
4,693
7,261
5,093
18,979
12,264
2,124
327
9,813
837
257,879
225,229
1,389
1,639
15,198
48,974
26,595
22,379
18,072
14,344
22,583
22,393
80,636
32,650
7,067
854
24,730
839
258,018
224,974
1,442
1,630
15,464
48,462
26,133
22,329
18,170
14,460
22,489
21,335
81,523
33,045
7,183
846
25,016
838
259,212
225,514
1,458
1,705
15,717
48,145
25,576
22,569
18,197
14,422
22,682
21,609
81,578
33,698
7,240
853
25,605
846
257,309
223,577
1,446
1,695
15,663
47,148
25,005
22,142
18,120
14,214
22,744
21,146
81,402
33,732
7,178
936
25,618
432
264,494
229,849
1,489
1,742
16,028
48,326
25,053
23,273
18,705
14,562
23,159
21,812
84,026
34,645
7,493
1,033
26,118
295
265,319
229,978
1,446
1,722
16,008
47,768
25,109
22,659
18,967
14,622
23,106
22,089
84,249
35,341
7,636
1,046
26,659
363
268,128
232,696
1,526
1,717
16,232
47,924
24,805
23,119
19,153
14,782
23,189
22,510
85,663
35,433
7,661
1,063
26,709
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
II
III
IV
\'
llf
Line
II
I
2002
I
III"
Personal Income by State
46
February 2003
Table 2. Personal Income by Major Source
[Millions of dollars, seasonally
Rhode Island
Line
Item
2001
1
Income by place of residence
1 Personal income (lines 4-11)..............................................................
2
Nonfarm personal income...............................................................
3
Farm income (line 17).....................................................................
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34).............................
5 Less: Personal contributions for social insurance2............................
6 Plus: Adjustment for residence3.........................................................
7 Equals: Net earnings by place of residence.......................................
8 Plus: Dividends, interest, and rent4....................................................
9 Plus: Transfer payments......................................................................
10
State unemployment insurance benefits...............................
11
Transfers excluding State unemployment insurance benefits
Earnings by place of work
Components of earnings:
12
Wage and salary disbursements....................................................
13
Other labor income.........................................................................
14
Proprietors' income5......................................................................
15
Farm proprietors’ income...........................................................
16
Nonfarm proprietors’ income......................................................
Earnings by industry
17
Farm earnings.................................................................................
18
Nonfarm earnings...........................................................................
19
Private earnings.........................................................................
20
Agricultural services, forestry, fishing, and other6................
21
Mining....................................................................................
22
Construction..
23
Manufacturing
24
Durable goods
25
Nondurable goods
26
Transportation and public utilities..........................................
2/
Wholesale trade
28
Retail trade....
29
Finance, insurance, and real estate......................................
30
Services.......
31
Government and government enterpnses.................................
32
Federal, civilian
33
Military.........
34
State and local.......................................................................
South Carolina
II
2002
III
IV
lr
IIr
2001
III"
2002
I
II
III
IV
32,200
32,185
15
32,049
32,033
15
32,947
32,933
15
33,215
33,200
15
33,399
33,384
15
100,888
100,313
575
100,766
100,185
582
101,537
100,982
556
101,249
100,704
544
102,993
102,430
563
104,114
103,726
388
105,109
104,654
455
20,590
1,407
1,289
20,473
6,043
5,352
149
5,203
20,478
1,401
1,265
20,342
6,021
5,502
170
5,332
20,739
1,423
1,214
20,531
6,026
5,643
185
5,459
20,474
1,405
1,213
20,281
5,995
5,772
222
5,550
21,288
1,484
1,151
20,955
6,012
5,981
247
5,734
21,241
1,477
1,179
20,944
6,126
6,145
331
5,814
21,393
1,484
1,191
21,100
6,103
6,196
303
5,894
69,415
4,203
1,254
66,466
18,757
15,666
284
15,382
69,031
4,185
1,260
66,107
18,614
16,045
370
15,676
69,563
4,230
1,234
66,568
18,583
16,387
405
15,981
69,051
4,208
1,225
66,069
18,461
16,719
504
16,215
70,064
4,323
1,265
67,007
18,537
17,450
616
16,834
70,397
4,341
1,250
67,305
18,941
17,869
765
17,103
71,315
4,387
1,269
68,197
18,889
18,023
651
17,372
16,656
1,985
1,949
1
1,948
16,526
1,985
1,967
1
1,966
16,730
2,024
1,985
1
1,985
16,469
2,001
2,003
1
2,002
17,124
2,109
2,055
0
2,055
17,035
2,123
2,083
0
2,083
17,128
2,169
2,096
0
2,096
56,020
6,934
6,461
432
6,029
55,575
6,935
6,521
427
6,093
56,005
7,028
6,530
392
6,138
55,518
7,059
6,474
375
6,100
56,169
7,303
6,592
389
6,203
56,388
7,454
6,554
209
6,346
57,006
7,613
6,696
270
6,426
15
20,576
16,890
137
13
1,116
3,076
2,105
970
1,094
1,007
2,030
1,815
6,603
3,685
749
383
2,554
15
20,463
16,732
144
14
1,131
3,019
2,056
964
1,101
972
2,002
1,748
6,602
3,731
755
376
2,600
15
20,724
16,888
149
15
1,142
3,055
2,099
956
1,067
990
1,997
1,827
6,646
3,836
756
374
2,707
15
20,458
16,771
148
15
1,175
2,977
2,004
973
1,062
978
1,993
1,793
6,630
3,687
746
370
2,571
15
21,273
17,423
153
15
1,266
2,914
1,977
937
1,070
1,007
2,064
1,956
6,978
3,850
777
397
2,676
15
21,227
17,416
149
14
1,251
2,938
1,977
961
1,103
1,024
2,106
1,955
6,876
3,811
779
384
2,648
15
21,378
17,509
156
15
1,218
2,932
1,970
962
1,113
1,052
2,108
1,993
6,921
3,869
795
398
2,676
575
68,839
54,904
466
81
4,892
13,813
6,604
7,209
4,570
3,447
7,211
4,362
16,062
13,936
1,728
2,136
10,072
582
68,449
54,442
470
74
4,916
13,629
6,484
7,146
4,540
3,421
7,099
4,335
15,957
14,008
1,745
2,101
10,162
556
69,008
54,824
501
74
4,944
13,534
6,430
7,104
4,645
3,411
7,250
4,338
16,127
14,184
1,738
2,076
10,370
544
68,507
54,309
473
75
4,802
13,391
6,344
7,047
4,631
3,320
7,187
4,366
16,064
14,198
1,730
2,093
10,374
563
69,501
54,822
475
75
4,813
13,335
6,438
6,897
4,574
3,538
7,163
4,550
16,301
14,680
1,775
2,290
10,615
388
70,008
55,198
474
75
4,910
13,426
6,382
7,044
4,661
3,519
7,297
4,540
16,297
14,811
1,801
2,389
10,621
455
70,860
55,770
500
74
5,006
13,477
6,457
7,020
4,695
3,555
7,309
4,637
16,519
15,090
1,809
2,313
10,969
Vermont
2001
I
See footnotes at the end of table.
III"
31,865
31,850
15
Item
Income by place of residence
1 Personal income (lines 4-11)..............................................................
2
Nonfarm personal income...............................................................
3
Farm income (line 17).....................................................................
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34).............................
5 Less: Personal contributions for social insurance2............................
6 Plus: Adjustment for residence3.........
7 Equals: Net earnings by place of residence
8 Plus: Dividends, interest, and rent4....
9 Plus: Transfer payments......................
10
State unemployment insurance benefits...............................
11
Transfers excluding State unemployment insurance benefits
Earnings by place of work
Components of earnings:
12
Wage and salary disbursements....................................................
Other labor income.........................................................................
13
14
Proprietors’ income5......................................................................
15
Farm proprietors' income...........................................................
16
Nonfarm proprietors’ income......................................................
Earnings by industry
17
Farm earnings.................................................................................
18
Nonfarm earnings...........................................................................
19
Private earnings.........................................................................
20
Agricultural services, forestry, fishing, and other6................
Mining...........
21
22
Construction...
Manufacturing
23
24
Durable goods
25
Nondurable goods
26
Transportation and public utilities...........................................
27
Wholesale trade
28
Retail trade..
29
Finance, insurance, and real estate......................................
30
Services........
31
Government and government enterprises.................................
32
Federal, civilian......................................................................
33
Military..........
34
State and local.......................................................................
II'
31,868
31,853
15
Utah
Line
r
II
2002
III
IV
I'
IIr
2001
III"
I
II
2002
III
IV
\r
IIr
III"
54,280
53,978
302
54,918
54,611
307
55,070
54,778
292
55,267
54,979
288
55,911
55,630
281
56,191
56,000
191
56,799
56,576
223
17,378
17,243
135
17,500
17,366
134
17,583
17,449
134
17,662
17,532
131
17,864
17,785
79
17,986
17,912
74
18,202
18,124
77
41,761
2,370
27
39,418
9,200
5,662
131
5,531
42,343
2,411
25
39,957
9,180
5,781
157
5,624
42,350
2,413
29
39,966
9,207
5,897
176
5,721
42,463
2,429
24
40,058
9,167
6,043
248
5,795
42,862
2,484
27
40,405
9,197
6,308
315
5,993
42,776
2,477
28
40,327
9,393
6,471
391
6,079
43,384
2,504
28
40,908
9,352
6,539
373
6,166
11,922
754
127
11,296
3,605
2,477
52
2,425
12,013
761
123
11,375
3,606
2,519
58
2,461
12,050
764
119
11,405
3,617
2,561
60
2,500
12,084
768
119
11,435
3,610
2,617
86
2,531
12,201
789
109
11,521
3,623
2,721
98
2,623
12,176
786
125
11,515
3,684
2,787
124
2,663
12,320
793
128
11,654
3,683
2,864
161
2,703
33,434
4,115
4,212
194
4,018
33,911
4,172
4,260
198
4,062
33,857
4,234
4,259
182
4,078
33,968
4,284
4,211
177
4,034
34,213
4,408
4,240
168
4,073
34,103
4,436
4,237
75
4,162
34,487
4,578
4,319
105
4,214
9,350
1,078
1,495
77
1,418
9,414
1,089
1,511
75
1,435
9,424
1,097
1,529
73
1,456
9,441
1,111
1,531
70
1,461
9,560
1,139
1,501
17
1,484
9,519
1,152
1,505
11
1,495
9,607
1,184
1,530
12
1,518
302
41,459
33,722
200
467
3,159
5,295
3,700
1,594
3,097
2,332
4,107
3,330
11,736
7,738
2,047
451
5,240
307
42,035
34,260
204
474
3,230
5,270
3,690
1,580
3,025
2,332
4,101
3,378
12,245
7,776
2,082
445
5,249
292
42,058
33,971
204
494
3,286
5,209
3,610
1,600
3,025
2,323
4,080
3,357
11,993
8,087
2,100
439
5,547
288
42,175
34,072
204
480
3,233
5,277
3,581
1,697
3,107
2,308
4,060
3,354
12,049
8,103
2,044
482
5,577
281
42,581
34,174
197
457
3,063
5,036
3,408
1,628
3,323
2,324
4,212
3,343
12,219
8,408
2,048
552
5,807
191
42,586
34,272
201
473
3,075
5,079
3,483
1,596
3,074
2,321
4,208
3,465
12,377
8,313
2,040
567
5,706
223
43,161
34,631
215
456
3,121
5,323
3,688
1,635
3,059
2,339
4,203
3,529
12,387
8,530
2,169
579
5,781
135
11,787
9,896
100
30
846
2,347
1,771
576
612
559
1,205
681
3,517
1,892
351
69
1,471
134
11,879
9,951
105
27
858
2,283
1,742
541
613
575
1,212
681
3,596
1,928
357
68
1,502
134
11,917
9,973
108
28
885
2,256
1,717
538
622
566
1,227
686
3,596
1,944
364
68
1,511
131
11,953
9,952
108
29
888
2,225
1,674
552
621
576
1,238
697
3,570
2,000
352
83
1,565
79
12,122
10,107
110
31
890
2,188
1,633
555
647
601
1,256
697
3,686
2,015
349
95
1,571
74
12,102
10,048
108
29
851
2,140
1,612
529
647
596
1,260
703
3,713
2,054
356
95
1,603
77
12,243
10,146
114
28
865
2,131
1,604
527
666
594
1,267
719
3,763
2,096
370
99
1,628
February 2003
Su r v e y
of
47
C u r r e n t B u sin ess
and Earnings by Industry,12001:1-2002:111— Continued
adjusted at annual rates]
I
II
2002
III
Texas
Tennessee
South Dakota
2001
2001
2002
2002
2001
Line
IV
lr
IIr
111"
I
II
III
IV
I'
IIf
in '1
I
II
III
IV
lr
IIr
III'’
19,899
19,044
856
20,093
19,255
837
20,326
19,495
831
20,378
19,539
839
20,711
19,773
938
20,946
20,051
895
21,119
20,224
895
154,051
153,761
290
154,840
154,555
285
155,587
155,301
285
155,165
154,857
308
158,508
158,457
51
160,626
160,856
-230
162,073
162,245
-172
609,149
606,452
2,697
607,435
604,725
2,710
610,014
607,287
2,727
611,359
608,597
2,762
615,587
613,017
2,570
622,865
620,336
2,529
627,503
624,976
2,527
1
2
3
13,505
856
-213
12,436
4,700
2,763
19
2,745
13,699
875
-216
12,608
4,682
2,802
21
2,781
13,893
892
-219
12,782
4,704
2,840
20
2,819
13,910
895
-217
12,798
4,705
2,875
26
2,849
14,155
917
-221
13,017
4,731
2,963
32
2,931
14,268
925
-223
13,120
4,818
3,009
41
2,967
14,403
932
-225
13,246
4,826
3,047
44
3,003
112,242
6,768
-1,105
104,369
24,888
24,794
482
24,312
112,831
6,823
-1,109
104,899
24,762
25,179
568
24,611
113,291
6,869
-1,116
105,306
24,747
25,534
587
24,947
112,680
6,845
-1,105
104,731
24,544
25,890
669
25,221
115,229
7,114
-1,156
106,959
24,566
26,983
837
26,146
116,308
7,188
-1,188
107,932
25,069
27,624
1,076
26,548
117,796
7,269
-1,210
109,317
24,929
27,827
876
26,951
475,424
26,679
-1,122
447,623
92,942
68,583
1,119
67,464
474,185
26,656
-1,100
446,428
90,987
70,020
1,391
68,629
474,718
26,680
-1,082
446,957
91,549
71,509
1,679
69,830
475,523
26,752
-1,083
447,687
90,733
72,939
2,199
70,740
476,498
27,068
-1,048
448,381
90,979
76,227
3,179
73,048
480,595
27,194
-1,047
452,354
92,802
77,709
3,656
74,053
484,849
27,365
-1,048
456,436
92,512
78,556
3,499
75,056
4
5
6
7
8
9
10
11
9,847
1,265
2,393
722
1,671
10,016
1,293
2,390
698
1,692
10,173
1,325
2,395
686
1,709
10,161
1,341
2,407
691
1,716
10,257
1,377
2,521
786
1,736
10,347
1,411
2,510
737
1,772
10,429
1,444
2,530
732
1,799
86,408
9,770
16,064
134
15,930
86,750
9,888
16,193
118
16,075
87,021
9,988
16,282
108
16,174
86,391
10,037
16,252
124
16,128
88,438
10,464
16,327
-137
16,464
89,319
10,706
16,283
-423
16,706
90,348
10,938
16,510
-370
16,879
356,492
39,352
79,580
1,834
77,746
355,116
39,350
79,719
1,798
77,921
354,522
39,578
80,619
1,773
78,846
354,364
40,016
81,143
1,780
79,363
353,118
40,727
82,652
1,570
81,082
354,621
41,577
84,397
1,506
82,891
356,970
42,411
85,468
1,479
83,989
12
13
14
15
16
856
12,649
10,148
113
54
805
1,727
1,182
545
843
839
1,373
1,074
3,320
2,502
634
250
1,618
837
12,862
10,286
114
56
833
1,671
1,155
516
852
834
1,373
1,098
3,453
2,576
644
245
1,687
831
13,062
10,405
115
54
852
1,670
1,140
530
867
863
1,395
1,115
3,472
2,657
650
244
1,762
839
13,071
10,373
116
55
860
1,646
1,094
552
890
869
1,401
1,097
3,439
2,697
645
258
1,795
938
13,217
10,518
116
50
858
1,585
1,095
490
889
854
1,422
1,131
3,614
2,699
676
295
1,728
895
13,372
10,598
115
47
889
1,613
1,095
518
878
859
1,431
1,117
3,650
2,774
683
300
1,792
895
13,508
10,692
117
49
918
1,595
1,071
525
884
877
1,432
1,143
3,677
2,815
697
307
1,812
290
111,952
96,623
578
274
7,369
20,564
12,182
8,381
8,648
6,944
11,618
8,244
32,385
15,330
3,489
504
11,337
285
112,546
96,909
602
268
7,309
20,392
12,156
8,236
8,736
6,857
11,639
8,391
32,715
15,637
3,535
491
11,611
285
113,006
97,142
619
263
7,297
20,250
11,922
8,328
8,692
6,803
11,758
8,206
33,254
15,864
3,533
482
11,850
308
112,372
96,539
610
282
7,206
19,968
11,793
8,174
8,686
6,746
11,696
8,208
33,138
15,833
3,473
572
11,789
51
115,179
98,763
618
261
7,374
20,217
11,962
8,255
8,861
7,072
11,741
8,585
34,034
16,416
3,680
651
12,085
-230
116,538
99,981
609
276
7,198
20,640
12,224
8,416
9,011
7,084
11,967
8,565
34,631
16,557
3,717
656
12,183
-172
117,968
101,390
642
282
7,182
21,172
12,633
8,540
9,107
7,097
12,033
8,715
35,159
16,578
3,652
650
12,276
2,697
472,728
405,964
2,770
21,900
31,306
60,855
37,931
22,924
46,724
32,960
42,226
38,362
128,862
66,764
11,572
7,044
48,149
2,710
471,475
403,756
2,876
21,474
31,888
59,734
37,145
22,589
44,301
33,160
42,187
38,362
129,774
67,719
11,545
6,963
49,210
2,727
471,991
403,070
2,886
21,483
32,017
58,989
36,235
22,753
43,738
31,968
43,091
38,537
130,361
68,922
11,597
6,909
50,416
2,762
472,761
403,027
2,870
22,345
31,640
58,948
36,109
22,838
44,623
31,198
43,164
38,210
130,030
69,734
11,436
7,043
51,255
2,570
473,928
401,987
2,911
21,898
32,080
56,526
33,938
22,587
43,456
31,427
43,483
38,905
131,302
71,941
11,978
7,591
52,372
2,529
478,066
404,991
2,783
21,975
32,286
58,293
35,366
22,927
43,485
31,417
43,654
39,373
131,725
73,075
12,128
7,723
53,224
2,527
482,322
408,330
2,937
21,926
32,389
58,674
35,613
23,061
43,848
31,742
43,855
40,056
132,903
73,992
12,220
7,800
53,972
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
West Virginia
Washington
Virginia
2002
2001
2001
2002
2001
1
II
III
IV
I'
II'
III'’
I
II
III
IV
I'
IIr
III"
230,703
230,251
452
234,189
233,736
453
233,312
232,861
451
234,224
233,770
454
234,810
234,535
275
239,063
238,830
233
241,423
241,175
248
189,797
188,718
1,080
194,386
193,294
1,093
192,225
191,099
1,126
190,644
189,506
1,139
195,831
194,408
1,423
197,643
196,200
1,444
199,614
198,119
1,495
40,771
40,761
10
41,096
41,085
11
41,403
41,391
12
41,651
41,638
13
167,423
10,028
9,072
166,466
41,974
22,262
204
22,058
170,778
10,285
9,062
169,555
41,798
22,837
269
22,568
169,123
10,190
9,118
168,050
41,864
23,398
321
23,077
169,674
10,251
9,119
168,541
41,605
24,078
626
23,451
168,764
10,301
9,605
168,067
41,723
25,019
755
24,265
171,557
10,460
9,657
170,754
42,636
25,673
1,054
24,619
173,928
10,583
9,710
173,056
42,379
25,989
1,016
24,973
136,040
8,330
2,441
130,151
36,447
23,199
1,037
22,162
140,502
8,665
2,355
134,192
36,263
23,931
1,284
22,647
137,384
8,457
2,387
131,315
36,300
24,610
1,475
23,135
135,257
8,333
2,392
129,317
36,107
25,221
1,726
23,495
138,952
8,661
2,378
132,669
36,230
26,932
2,625
24,307
139,412
8,663
2,415
133,163
36,993
27,488
2,828
24,660
141,010
8,745
2,443
134,708
36,862
28,045
3,031
25,013
25,288
1,633
393
24,048
7,296
9,427
126
9,301
25,518
1,656
403
24,265
7,276
9,555
137
9,418
25,733
1,674
382
24,441
7,280
9,682
143
9,539
136,347
18,480
12,596
265
12,331
139,355
18,779
12,643
253
12,390
137,658
18,731
12,735
241
12,494
138,002
18,876
12,796
237
12,559
136,583
19,339
12,842
53
12,789
138,635
19,859
13,062
6
13,056
140,307
20,389
13,232
15
13,217
109,916
11,946
14,178
29
14,149
113,902
12,323
14,276
5
14,271
110,807
12,200
14,377
10
14,367
108,798
12,200
14,260
3
14,256
111,373
12,731
14,848
256
14,593
111,353
12,943
15,116
231
14,885
112,439
13,255
15,316
237
15,079
19,871
2,715
2,702
-14
2,716
20,068
2,750
2,700
-14
2,714
452
166,970
127,936
933
891
10,446
17,095
9,201
7,894
11,150
8,234
13,343
12,723
53,120
39,035
12,027
9,206
17,802
453
170,325
131,037
962
872
10,445
16,824
9,072
7,752
11,445
8,569
13,384
12,635
55,900
39,288
12,079
9,037
18,172
451
168,672
129,290
999
897
10,671
16,829
9,074
7,754
11,272
8,227
13,618
12,784
53,995
39,382
11,957
8,976
18,449
454
169,220
129,754
986
937
10,670
17,044
9,389
7,655
10,888
8,113
13,662
12,589
54,864
39,466
11,751
8,872
18,842
275
168,489
127,640
1,009
931
10,866
16,633
8,951
7,682
10,975
8,023
13,781
13,099
52,323
40,850
12,283
9,492
19,075
233
171,324
129,942
994
923
11,115
16,732
8,985
7,747
11,103
8,322
14,061
13,098
53,594
41,381
12,438
9,690
19,253
248
173,680
131,599
1,054
931
11,265
17,046
9,296
7,751
11,102
8,452
14,189
13,353
54,207
42,082
12,605
9,985
19,491
1,080
134,960
110,788
1,510
254
9,183
19,619
14,802
4,818
9,304
7,795
12,870
9,341
40,913
24,172
4,445
3,158
16,569
1,093
139,409
114,622
1,503
263
9,064
18,671
13,799
4,871
9,620
7,837
12,690
9,447
45,527
24,787
4,512
3,145
17,129
1,126
136,258
111,110
1,600
259
9,094
18,721
13,833
4,888
9,372
7,685
12,763
9,489
42,128
25,149
4,587
3,139
17,423
1,139
134,119
108,389
1,561
267
8,815
18,261
13,467
4,794
9,151
7,615
12,599
9,480
40,640
25,730
4,610
3,176
17,944
1,423
137,529
111,258
1,584
254
9,067
19,724
14,474
5,250
9,374
7,842
12,718
9,648
41,047
26,271
4,767
3,420
18,085
1,444
137,968
111,142
1,523
270
9,215
18,202
13,299
4,902
9,754
7,853
12,953
9,885
41,488
26,826
4,865
3,524
18,437
1,495
139,515
112,265
1,595
272
9,375
18,215
13,260
4,955
9,767
7,939
12,996
10,067
42,038
27,250
4,994
3,587
18,669
10
25,278
19,760
112
1,467
1,564
3,427
1,876
1,551
1,890
1,155
2,397
1,100
6,647
5,517
1,381
168
3,968
11
25,507
19,929
118
1,518
1,536
3,490
1,908
1,582
1,840
1,170
2,342
1,106
6,811
5,578
1,400
165
4,013
I
II
2002
III
IV
I'
Line
IIr
III'’
42,288
42,310
-23
42,543
42,609
-66
42,783
42,831
-48
1
2
3
25,945
1,691
372
24,625
7,243
9,783
150
9,632
26,356
1,745
347
24,958
7,254
10,075
197
9,878
26,283
1,738
381
24,927
7,372
10,244
259
9,985
26,422
1,742
401
25,082
7,346
10,356
264
10,092
4
5
6
7
8
9
10
11
20,229
2,782
2,722
-15
2,737
20,359
2,831
2,755
-14
2,769
20,686
2,923
2,747
-51
2,798
20,595
2,963
2,725
-95
2,820
20,653
3,012
2,757
-77
2,834
12
13
14
15
16
12
25,721
20,082
121
1,553
1,585
3,495
1,896
1,599
1,820
1,173
2,378
1,092
6,867
5,639
1,408
163
4,068
13
25,931
20,179
121
1,591
1,646
3,397
1,855
1,542
1,844
1,181
2,384
1,081
6,935
5,752
1,401
208
4,143
-23
26,378
20,484
124
1,630
1,610
3,389
1,875
1,514
1,853
1,201
2,449
1,138
7,090
5,894
1,459
241
4,194
-66
26,349
20,385
122
1,546
1,525
3,416
1,907
1,509
1,861
1,194
2,413
1,152
7,156
5,964
1,472
248
4,243
-48
26,470
20,443
128
1,494
1,461
3,425
1,943
1,482
1,868
1,204
2,416
1,177
7,271
6,027
1,488
245
4,294
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
Personal Income by State
48
February 2003
Table 2. Personal Income by Major Source
[Millions of dollars, seasonally
Wisconsin
Line
Item
Income by place of residence
1 Personal income (lines 4-11)..............................................................
2
Nonfarm personal income...............................................................
3
Farm income (line 17).....................................................................
Derivation of personal income
4 Earnings by place of work (lines 12-16 or 17-34).............................
5 Less: Personal contributions for social insurance2............................
6 Plus: Adjustment for residence3.........................................................
7 Equals: Net earnings by place of residence........................................
8 Plus: Dividends, interest, and rent4....................................................
9 Plus: Transfer payments......................................................................
10
State unemployment insurance benefits...............................
11
Transfers excluding State unemployment insurance benefits
Earnings by place of work
Components of earnings:
12
Wage and salary disbursements....................................................
Other labor income.........................................................................
13
14
Proprietors’ income5......................................................................
15
Farm proprietors’ income...........................................................
Nonfarm proprietors’ income......................................................
16
Earnings by industry
17
Farm earnings.................................................................................
18
Nonfarm earnings...........................................................................
19
Private earnings.........................................................................
20
Agricultural services, forestry, fishing, and other6................
Mining.......
21
22
Construction...........................................................................
23
Manufacturing........................................................................
24
Durable goods
25
Nondurable goods.............................................................
26
Transportation and public utilities...........................................
27
Wholesale trade.....................................................................
Retail trade.
28
29
Finance, insurance, and real estate......................................
30
Services....
31
Government and government enterprises.................................
32
Federal, civilian......................................................................
Military...................................................................................
33
34
State and local.......................................................................
Wyoming
2001
2002
2001
1
2002
I
II
III
IV
lr
IIr
111"
157,288
156,717
572
157,802
157,266
537
158,761
158,222
539
158,613
158,076
536
160,884
160,836
47
162,143
162,809
-666
164,163
164,423
-260
14,219
14,084
135
14,445
14,311
134
14,681
14,546
135
14,831
14,698
133
15,155
14,886
269
15,218
15,051
168
15,440
15,222
218
108,815
6,747
2,749
104,817
32,320
20,152
635
19,517
109,081
6,784
2,725
105,022
32,080
20,700
811
19,889
109,737
6,834
2,731
105,634
31,987
21,140
875
20,264
109,505
6,833
2,703
105,375
31,808
21,429
887
20,543
110,930
7,051
2,703
106,582
31,907
22,394
1,212
21,183
111,114
7,095
2,732
106,751
32,439
22,953
1,491
21,461
113,006
7,179
2,748
108,575
32,449
23,140
1,400
21,740
9,327
559
-32
8,735
3,793
1,691
26
1,665
9,557
576
-35
8,946
3,784
1,716
25
1,690
9,774
590
-38
9,147
3,791
1,743
26
1,717
9,921
601
-41
9,280
3,785
1,767
29
1,738
10,172
615
-41
9,516
3,805
1,834
42
1,792
10,132
617
^f0
9,474
3,876
1,868
53
1,815
10,320
624
-41
9,654
3,888
1,898
59
1,838
89,416
10,382
9,017
-57
9,074
89,596
10,433
9,051
-95
9,146
89,979
10,589
9,169
-93
9,263
89,662
10,655
9,188
-97
9,285
91,122
11,008
8,800
-600
9,399
91,658
11,192
8,264
-1,331
9,596
92,774
11,457
8,775
-943
9,718
6,991
858
1,478
57
1,421
7,187
880
1,490
55
1,435
7,353
908
1,513
55
1,458
7,472
922
1,527
53
1,474
7,534
949
1,689
187
1,501
7,552
965
1,614
85
1,530
7,644
997
1,679
133
1,546
572
108,244
92,276
688
174
7,169
26,890
16,533
10,357
6,456
6,447
9,897
7,768
26,786
15,968
1,794
307
13,866
537
108,544
92,658
721
176
7,109
26,632
16,461
10,171
6,534
6,597
9,963
7,785
27,141
15,886
1,803
307
13,776
539
109,198
92,759
739
182
7,325
26,403
16,143
10,260
6,558
6,452
9,710
7,885
27,505
16,439
1,835
309
14,295
536
108,969
92,499
725
189
7,347
25,863
15,694
10,168
6,569
6,448
9,950
7,862
27,546
16,470
1,838
358
14,274
47
110,883
93,903
739
185
7,136
25,959
15,836
10,123
6,607
6,540
10,300
8,133
28,303
16,980
1,901
405
14,675
-666
111,780
95,071
727
191
7,270
26,278
16,058
10,220
6,650
6,766
10,393
8,196
28,601
16,709
1,936
411
14,362
-260
113,266
96,473
767
194
7,378
26,525
16,416
10,109
6,729
6,782
10,490
8,412
29,197
16,792
1,953
412
14,427
135
9,192
7,016
80
1,371
777
488
201
287
743
319
878
471
1,890
2,176
420
227
1,529
134
9,423
7,204
83
1,450
800
477
199
278
775
322
878
479
1,938
2,219
431
223
1,566
135
9,640
7,302
85
1,450
864
482
200
282
774
338
883
473
1,953
2,338
447
218
1,673
133
9,788
7,445
85
1,449
894
486
199
287
765
354
891
493
2,028
2,342
436
221
1,686
269
9,903
7,500
86
1,506
893
467
202
265
777
340
899
502
2,029
2,403
443
241
1,718
168
9,964
7,540
87
1,462
902
463
206
258
815
353
907
498
2,054
2,424
445
243
1,736
218
10,102
7,591
92
1,502
900
468
208
260
808
359
915
505
2,042
2,511
468
246
1,797
II
III
Plains
Line
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
Item
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 rent4....................................................
Plus: Transfer payments......................................................................
State unemployment insurance benefits...............................
Transfers excluding State unemployment insurance benefits
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 other6................
Mining.......................................................................
Construction...........................................................................
Manufacturing........................................................................
Durable goods...................................................................
Nondurable goods.............................................................
Transportation and public utilities...........................................
Wholesale trade.....................................................................
Retail trade..........................
Finance, insurance, and real estate.......................................
Services..............................
Government and government enterprises..................................
Federal, civilian......................................................................
Military...................................................................................
State and local.......................................................................
r
IIr
III"
Southeast
2001
2002
2001
II
III
IV
lr
IIf
563,250
557,055
6,194
565,003
559,142
5,861
568,855
563,389
5,466
568,720
563,463
5,257
579,372
572,159
7,213
582,449
578,056
4,393
587,249 1,900,422
582,656 1,888,224
12,198
4,593
1,913,861
1,901,665
12,196
1,922,486 1,925,425
1,910,455 1,913,043
12,031
12,382
1,954,192 1,977,416
1,943,184 1,970,120
11,008
7,296
401,751
25,038
-4,567
372,147
116,859
74,244
1,417
72,826
402,957
25,192
-4,572
373,193
116,079
75,730
1,731
73,999
405,783
25,461
-4,607
375,715
116,022
77,119
1,905
75,214
404,912
25,474
-4,604
374,835
115,560
78,325
2,187
76,138
413,118
26,215
-4,695
382,208
115,981
81,183
2,652
78,531
412,314
26,277
-4,667
381,371
117,933
83,145
3,573
79,572
416,512 1,310,719
79,410
26,490
10,110
-4,699
385,323 1,241,420
117,897
378,348
280,654
84,030
3,417
4,193
276,461
80,613
1,320,788
80,277
10,109
1,250,621
376,648
286,592
5,126
281,467
1,323,766 1,323,183
80,632
80,742
10,075
10,059
1,253,210 1,252,499
377,104
375,368
292,172
297,558
7,077
5,568
286,605
290,481
1,340,837 1,350,594 1,370,531
82,957
83,620
84,671
10,458
10,590
10,626
1,268,338 1,277,563 1,296,487
376,708
384,044
383,133
309,147
315,809
318,925
11,419
8,975
10,321
300,172
304,390
308,605
321,150
36,574
44,028
4,050
39,978
321,993
36,894
44,071
3,635
40,436
324,456
37,411
43,916
3,176
40,740
323,535
37,723
43,654
2,923
40,732
327,898
38,909
46,311
4,819
41,491
328,523
39,570
44,221
1,917
42,304
331,269
40,411
44,831
2,036
42,795
6,194
395,557
333,297
2,556
1,723
25,892
67,008
40,192
26,816
30,855
27,528
37,038
34,586
106,111
62,260
10,751
4,114
47,394
5,861
397,096
333,746
2,596
1,714
26,260
66,661
39,942
26,719
30,933
27,638
36,744
34,121
107,079
63,350
10,773
4,058
48,519
5,466
400,317
335,980
2,659
1,705
26,602
66,838
39,851
26,986
31,060
27,578
37,288
34,188
108,062
64,337
10,761
4,035
49,541
5,257
399,655
334,783
2,636
1,705
26,778
65,720
38,815
26,906
31,011
27,235
37,385
34,413
107,900
64,872
10,679
4,215
49,978
7,213
405,905
339,683
2,726
1,685
26,888
65,957
38,826
27,131
31,789
27,888
37,706
35,426
109,619
66,223
11,118
4,633
50,472
4,393
407,921
340,728
2,644
1,657
27,061
66,384
39,184
27,201
31,239
28,107
38,040
35,011
110,584
67,193
11,217
4,728
51,249
12,198
4,593
411,918 1,298,521
343,979 1,064,050
2,780
9,590
10,022
1,653
84,111
27,295
66,722
185,961
39,329
101,939
84,023
27,393
31,488
96,515
79,014
28,310
127,327
38,218
97,642
35,713
373,867
111,799
67,940
234,471
11,313
47,111
4,782
32,163
51,844
155,198
1. The estimates of earnings for 2001 and 2002 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 adjust
III"
I
1,044,342
128,333
138,044
8,824
129,221
II
2002
I
pPreliminary.
' Revised.
0Not shown to avoid disclosure of confidential information, but the estimates for this item are included In the total.
IV
III
IV
lr
IIr
III"
1,998,546
1,990,046
8,500
1,052,049 1,053,466 1,051,325 1,063,616 1,071,737 1,085,512
129,817
130,512
135,931
131,705
139,026
142,659
138,921
139,788
140,154
141,290
139,831
142,360
8,237
8,593
8,460
6,999
3,165
4,247
130,328
131,551
131,693
134,291
136,666
138,113
12,196
12,031
12,382
1,308,592 1,311,735 1,310,801
1,069,157 1,072,063 1,067,689
9,722
10,089
9,936
10,086
10,270
10,469
84,506
85,796
85,254
183,975
181,962
179,937
101,185
99,332
98,616
82,790
82,630
81,321
96,605
96,896
96,634
79,106
78,757
77,580
126,888
128,796
128,659
97,738
98,393
97,739
380,531
381,103
381,481
239,436
239,672
243,112
47,459
47,382
46,960
31,770
31,544
31,835
160,207
160,746
164,317
11,008
7,296
8,500
1,329,828 1,343,298 1,362,031
1,080,849 1,089,769 1,103,531
9,990
9,877
10,422
10,414
10,211
10,198
86,568
86,410
86,530
180,381
181,326
184,091
98,693
98,999
100,352
81,688
82,327
83,739
96,676
97,250
97,925
79,902
80,762
81,753
129,774
131,028
131,782
101,668
101,518
103,342
385,477
391,387
397,488
248,979
253,528
258,500
49,419
48,910
49,921
34,419
35,011
35,412
165,650
169,098
173,167
ments for border workers: Wage and salary disbursements to U.S. residents commuting to Canada less wage and salary disburse
ments to Canadian and Mexican residents commuting into the United States.
4. Rental income of persons includes the capital consumption adjustment.
5. Proprietors’ income incudes 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.
February 2003
Su r v e y
of
49
C u r r e n t B u sin ess
and Earnings by Industry,12001:1-2002:111— Continued
adjusted at annual rates]
New England
Great Lakes
Mideast
2001
I
II
III
IV
lf
II'
111"
522,932 520,678 519,699 518,451 523,703 530,439 534,283
522,352 520,093 519,116 517,862 523,166 529,966 533,769
584
590
580
583
537
514
473
I
II
III
IV
lr
IIr
III "
2002
I
II
III
2001 Line
IV
lr
II'
III"
1,626,431 1,623,587 1,629,240 1,628,390 1,642,094 1,662,463 1,676,997 1,360,571 1,363,568 1,371,186 1,366,898 1,377,183 1,400,019 1,410,273
1,623,964 1,621,135 1,626,772 1,625,907 1,640,287 1,661,003 1,675,369 1,356,852 1,360,159 1,367,943 1,363,585 1,374,066 1,399,814 1,409,463
810
2,453
2,469
1,807
3,313
3,117
205
2,468
2,483
1,461
1,629
3,719
3,409
3,243
1
2
3
377,154 374,231 372,014 369,914 373,332 375,876 379,418 1,190,780 1,185,418 1,187,713 1,184,411 1,190,429 1,200,180 1,213,823
22,154 21,987 21,870 21,789 22,264 22,369 22,540
71,649
71,378
71,663
72,901
73,341
74,069
71,679
7,739
7,614
7,572
7,593
7,205
7,595
-18,439
-18,342
-18,322
-18,835
-19,032
7,486
-18,355
-18,461
362,739 359,858 357,715 355,718 358,272 360,993 364,474 1,100,693 1,095,698 1,097,728 1,094,377 1,099,067 1,108,004 1,120,723
97,017 96,397 96,239 95,583 95,872 97,820 97,537
300,161
298,698
298,567
297,028
297,776
302,721
302,198
63,176 64,423 65,745 67,150 69,558 71,626 72,272
225,578
229,191
232,946
251,738
254,077
236,985
245,251
3,127
1,550
1,949
2,393
3,786
5,092
4,977
5,339
6,280
7,208
11,192
15,012
14,686
9,053
61,627 62,473 63,353 64,023 65,772 66,534 67,295
225,738
220,239
222,911
227,932
234,059
236,726
239,391
967,778
57,060
4,577
915,295
267,054
178,223
4,747
173,476
968,843
57,262
4,593
916,174
265,416
181,977
5,797
176,180
974,115
57,688
4,649
921,076
264,886
185,224
6,277
178,947
967,487
57,364
4,672
914,795
263,610
188,492
7,465
181,027
971,462
58,323
4,769
917,908
264,389
194,886
8,762
186,124
985,539
59,297
4,684
930,927
268,573
200,520
12,176
188,343
994,964
59,729
4,755
939,990
268,571
201,712
11,152
190,560
4
5
6
7
8
9
10
11
305,440 302,220 299,803 297,775 299,480 300,822 303,196
32,634 32,499 32,522 32,653 33,449 34,075 34,788
39,080 39,512 39,689 39,486 40,404 40,978 41,435
148
142
132
71
132
-4
26
38,932 39,370 39,557 39,354 40,332 40,982 41,409
960,411
108,737
144,675
184
144,491
787,137
90,306
90,334
1,533
88,801
787,115
91,001
90,726
1,171
89,555
790,598
92,205
91,312
965
90,347
783,443
92,482
91,562
1,005
90,557
784,563
94,041
92,857
762
92,096
797,237
97,073
91,229
-2,219
93,448
803,276
98,903
92,784
-1,681
94,465
12
13
14
15
16
580
584
583
537
514
2,453
2,469
1,807
590
473
2,468
2,483
1,461
1,629
376,575 373,647 371,431 369,324 372,795 375,403 378,904 1,188,313 1,182,966 1,185,244 1,181,928 1,188,622 1,198,720 1,212,194
999,887
329,369 326,313 323,329 320,938 323,385 325,276 328,262 1,005,549 1,001,050
997,087 1,008,303 1,020,379
996,326
2,321
2,405
2,476
2,467
6,941
7,052
2,456
2,538
2,616
6,808
6,990
7,182
7,311
7,429
360
2,794
358
351
383
390
391
393
2,596
2,581
2,664
2,718
2,715
2,734
21,374 21,749 22,079 22,212 23,045 22,766 22,897
58,183
59,304
59,741
59,448
56,933
58,783
60,380
59,963 59,734 57,268 56,745 55,398 55,302 55,393
146,219
140,987
147,262
144,676
142,679
141,952
140,606
41,032 40,900 38,419 38,256 37,402 37,122 37,130
71,055
70,525
68,837
67,298
67,184
69,268
67,393
18,834 18,849 18,489 17,996 18,180 18,263
18,931
76,207
75,693
73,842
73,307
75,408
74,559
73,803
18,584 18,364 18,172 17,927 17,855 18,078 18,128
76,944
76,894
75,725
76,840
76,590
76,625
77,049
22,335 22,325 20,817 21,795 21,854 21,920
67,444
68,457
69,167
22,231
67,758
67,266
66,582
68,584
32,248 32,170 32,499 32,259 32,937 33,191
86,383
86,002
86,551
86,377
88,155
88,463
33,299
88,976
48,380 44,841
45,074 46,135 46,003 46,841
179,037
47,770
186,540
177,733
178,921
169,309
179,591
182,847
123,910 124,365 123,075 122,005 123,425 124,387 125,845
377,700
378,384
385,347
375,543
375,973
382,346
390,810
47,206 47,333 48,102 48,386 49,410 50,127 50,642
191,534
190,417
182,763
181,915
185,357
185,602
191,815
7,710
7,753
7,759
51,127
7,830
8,077
8,139
8,263
49,075
49,526
49,477
48,897
51,761
52,334
1,925
1,905
6,984
1,900
2,025
2,257
2,257
2,302
7,067
7,152
7,754
7,811
7,927
6,960
37,571
37,676 38,372 38,603 39,077 39,731 40,078
126,621
125,405
128,921
130,845
131,554
129,553
132,653
3,719
964,059
830,417
5,163
2,943
58,149
221,088
151,326
69,762
59,601
61,896
83,823
77,836
259,918
133,643
19,780
4,085
109,778
3,409
965,434
830,042
5,316
2,966
58,295
219,810
151,001
68,809
59,455
61,804
83,047
77,027
262,323
135,392
19,806
4,063
111,523
3,243
970,872
832,456
5,395
3,032
59,277
218,502
148,905
69,598
59,228
61,521
83,442
77,707
264,351
138,416
19,848
4,032
114,536
3,313
964,175
824,747
5,317
3,148
59,214
213,969
145,400
68,569
58,608
60,287
83,482
77,814
262,908
139,427
19,557
4,349
115,521
3,117
968,345
826,108
5,294
3,006
59,969
209,347
140,335
69,012
58,557
60,584
84,501
78,536
266,314
142,236
20,150
4,756
117,330
205
985,335
841,956
5,278
3,132
59,174
218,659
148,582
70,077
59,869
61,207
85,196
80,448
268,995
143,378
20,311
4,801
118,266
810
994,154
849,642
5,570
3,156
59,973
218,608
148,073
70,535
60,275
61,678
85,567
82,169
272,645
144,512
20,421
4,676
119,415
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
953,660
100,056
137,065
1,186
135,878
946,404
100,291
138,723
1,139
137,584
946,973
101,302
139,437
1,129
138,308
Southwest
943,886
101,963
138,563
1,126
137,437
945,096
104,497
140,836
427
140,410
Rocky Mountain
2002
2001
Far West
2001
I
II
III
IV
lr
IIr
III'’
872,148
867,333
4,815
873,026
868,251
4,775
878,644
873,876
4,768
879,806
874,873
4,933
888,468
883,214
5,254
898,471
894,338
4,133
659,569
37,731
382
622,220
143,013
106,915
1,550
105,364
660,211
37,861
393
622,743
140,906
109,377
1,909
107,467
662,859
38,055
403
625,206
141,562
111,876
2,277
109,599
662,767
38,084
394
625,078
140,543
114,185
2,997
111,188
666,580
38,686
432
628,326
140,967
119,175
4,249
114,925
500,337
56,661
102,572
3,222
99,350
500,410
56,939
102,862
3,113
99,749
501,566
57,469
103,824
3,050
100,774
500,300
58,029
104,438
3,177
101,261
4,815
654,754
552,458
4,180
26,687
43,993
83,503
54,323
29,180
58,724
42,936
60,780
52,531
179,123
102,296
19,450
10,673
72,173
4,775
655,436
551,012
4,333
26,165
44,927
81,861
53,043
28,818
56,352
43,048
60,749
52,731
180,846
104,424
19,561
10,547
74,316
4,768
658,091
551,705
4,373
26,195
45,120
80,974
51,979
28,994
55,844
41,886
61,917
53,256
182,140
106,386
19,654
10,442
76,290
4,933
657,834
549,904
4,335
27,148
44,324
80,552
51,443
29,109
56,779
41,029
61,885
52,498
181,353
107,931
19,497
10,614
77,820
2002
Line
2002
2001
III
IV
I'
II'
III"
1,538,552
1,530,021
8,530
1,535,698
1,527,031
8,666
1,533,591
1,524,898
8,694
1,555,326
1,544,609
10,717
1,576,318
1,567,030
9,288
1,591,757
1,581,579
10,178
1
2
3
1,130,694
66,143
-1,490
1,063,061
293,693
179,205
4,496
174,709
1,130,008
66,158
-1,482
1,062,368
291,832
184,351
5,443
178,908
1,121,199
65,619
-1,442
1,054,138
292,151
189,409
6,361
183,048
1,116,329
65,483
-1,412
1,049,434
290,398
193,760
7,716
186,044
1,128,907
66,883
-1,446
1,060,578
291,671
203,078
10,971
192,106
1,138,739
67,418
-1,449
1,069,872
298,612
207,834
13,088
194,746
1,150,566
67,966
-1,466
1,081,134
296,925
213,698
16,315
197,383
4
5
6
7
8
9
10
11
157,597
20,363
29,238
1,328
27,910
889,049
96,514
145,130
1,457
143,673
886,659
96,959
146,391
1,515
144,875
877,372
96,968
146,859
1,467
145,393
872,787
97,614
145,928
1,362
144,567
878,011
100,007
150,890
3,184
147,706
884,676
102,257
151,806
1,474
150,332
892,135
104,507
153,924
2,083
151,841
12
13
14
15
16
2,513
204,685
167,656
1,788
4,314
16,665
20,950
14,403
6,547
17,685
10,916
19,436
16,791
59,110
37,029
8,113
3,501
25,415
8,232
1,122,462
943,750
11,496
5,022
70,814
154,692
112,475
42,217
70,283
63,392
102,585
99,482
365,984
178,712
28,029
16,947
133,736
8,530
1,121,478
939,195
11,762
5,140
71,324
150,325
107,971
42,354
71,663
62,795
102,296
95,495
368,395
182,283
28,156
16,874
137,253
8,666
1,112,533
927,559
11,832
5,050
71,507
144,865
102,714
42,151
71,373
62,282
102,148
96,788
361,715
184,974
28,343
16,872
139,759
8,694
1,107,635
919,068
11,730
5,238
69,940
143,966
101,594
42,372
70,004
61,190
101,471
96,515
359,012
188,567
28,052
16,961
143,555
10,717
1,118,190
927,825
12,331
5,280
72,564
142,849
100,862
41,987
69,691
62,901
102,770
98,169
361,269
190,365
29,050
18,316
142,999
9,288
1,129,451
935,042
11,859
5,089
73,095
140,490
98,467
42,023
70,767
63,536
104,273
100,389
365,543
194,410
29,436
18,682
146,291
10,178
1,140,389
943,184
12,457
5,050
73,357
139,642
97,836
41,805
71,118
64,284
105,269
102,142
369,866
197,204
30,105
18,991
148,109
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
I
II
III
IV
lr
I
II
II'
III"
906,030
901,619
4,411
270,446
268,064
2,382
271,647
269,272
2,375
272,192
269,760
2,431
271,659
269,458
2,201
274,520
271,365
3,155
276,742
274,755
1,987
279,092
276,579
2,513
1,535,960
1,527,728
8,232
671,769
38,916
438
633,291
143,766
121,414
4,862
116,553
678,656
39,213
448
639,890
143,322
122,818
4,640
118,178
202,960
11,404
581
192,137
50,727
27,582
516
27,066
203,917
11,490
591
193,018
50,499
28,131
640
27,491
203,827
11,492
585
192,920
50,551
28,721
788
27,932
202,909
11,473
573
192,009
50,334
29,317
1,046
28,270
204,535
11,638
594
193,491
50,531
30,498
1,334
29,164
205,011
11,698
599
193,913
51,541
31,289
1,736
29,552
207,198
11,766
610
196,042
51,440
31,610
1,669
29,941
500,481
59,234
106,865
3,465
103,400
503,289
60,566
107,913
2,298
105,615
507,277
61,854
109,525
2,530
106,995
156,733
18,854
27,373
1,306
26,067
157,386
18,979
27,552
1,285
26,266
156,934
19,094
27,798
1,331
26,467
156,157
19,175
27,576
1,092
26,484
155,952
19,624
28,960
2,026
26,934
156,650
19,948
28,413
830
27,583
5,254
661,326
550,779
4,378
26,668
44,972
77,957
48,956
29,001
55,380
41,571
62,462
53,652
183,739
110,547
20,383
11,468
78,696
4,133
667,635
554,875
4,268
26,688
45,049
79,696
50,483
29,213
55,549
41,442
62,781
54,503
184,899
112,760
20,723
11,675
80,362
4,411
674,245
559,890
4,503
26,646
45,331
80,258
50,860
29,398
55,910
41,871
63,103
55,403
186,865
114,355
20,945
11,800
81,610
2,382
200,578
166,989
1,571
4,307
16,773
21,711
15,041
6,671
17,728
11,062
18,963
17,118
57,756
33,589
7,644
3,100
22,845
2,375
201,542
167,510
1,636
4,240
16,769
21,410
14,775
6,636
18,135
10,976
19,017
16,586
58,742
34,032
7,744
3,050
23,238
2,431
201,396
166,365
1,675
4,683
16,950
20,986
14,503
6,483
17,445
10,882
19,083
16,651
58,009
35,031
7,839
3,011
24,181
2,201
200,708
165,467
1,676
4,272
16,727
20,858
14,177
6,681
17,888
10,611
19,030
16,326
58,079
35,241
7,672
3,070
24,499
3,155
201,380
165,016
1,686
4,253
16,326
20,478
13,977
6,501
18,308
10,758
19,242
16,841
57,122
36,364
7,879
3,377
25,108
1,987
203,024
166,452
1,677
4,271
16,643
20,763
14,292
6,471
17,787
10,806
19,421
16,577
58,506
36,573
7,885
3,470
25,217
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 N IW estimate because, by defini-
950,674
106,371
143,135
48
143,087
tion, it omits the earnings of Federal civilian and military personnel stationed abroad and of the U.S. residents employed abroad temporarily
by private U.S. firms,
F o r th e la te s t on U .S. e c o n o m ic activity,
’«■■■■ v is it o u r W eb s ite.
P G e t th e la te s t e s tim a te s
• G ro s s d o m e s tic p ro d u c t
• G ro s s p ro d u c t by in d u s try
• S ta te an d lo cal a re a p e rs o n a l in c o m e
• G ro s s s ta te p ro d u c t
• B a la n c e o f p a y m e n ts
• In te rn a tio n a l in v e s tm e n t
B ro w s e o r d o w n lo a d th e la te s t is s u e o f th e
S u r v e y o f C u r r e n t B u s in e s s
• M a jo r e s tim a te s fro m th e n a tio n a l, re g io n a l,
in te rn a tio n a l, a n d in d u s try a c c o u n ts
• T a b les o f c u rre n t a n d h is to ric a l d a ta
• C h a rts h ig h lig h tin g th e m a jo r e s tim a te s
• R e s u lts o f s ta tis tic a l re s e a rc h a n d a n a ly s is
D-1
February 2003
BEA C u rre n t and H is to ric a l Data
National, International, and Regional Data
This section presents an extensive selection of economic statistics prepared by the Bureau of Economic Analysis (BEA) and
a brief selection of collateral statistics prepared by other Government agencies and private organizations. Series that origi
nate in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided
through the courtesy of the compilers and are subject to their copyrights.
BEA’s economic statistics are available on BEA’s Web site at <www.bea.gov>. The site contains data, articles, news releases,
and other information from BEA’s national, industry, international, and regional programs.
The tables present annual [A], quarterly [Q], and monthly [M] data
National Data
In te r n a tio n a l D a ta
A. Selected NIPA tables [A, Q]
S. Summary tables..........................................................D-2
1. National product and incom e................................. D-3
2. Personal income and outlays................................... D-7
3. Government current receipts and expenditures.... D-8
4. Foreign transactions................................................D-12
5. Saving and investment............................................D -14
6. Income and employment by industry.................. D -17
7. Quantity and price indexes.................................... D -18
8. Supplemental tables................................................ D-25
B. Other NIPA and NIPA-related tables
B.l Personal income [A, M ] ...................................... D-30
B.2 Disposition of personal income [A, M ].............D-30
B.3 Gross domestic product by industry [A]...........D-31
B.4 Personal consumption expenditures by
type [A]................................................................. D-32
B.5 Private fixed investment in structures by
type [A]................................................................. D-33
B.6 Private fixed investment in equipment and
software by type [A]............................................D-33
B.7 Compensation and wage and salary accruals by
industry [A]..........................................................D-34
B.8 Employment by industry [A]..............................D-3 5
B.9 Wage and salary accruals by employee and by
industry [A]..........................................................D-3 6
B.10 Farm sector output, gross product, and
national income [A]............................................D-37
B.l 1 Housing sector output, gross product, and
national income [A]............................................D-37
B.l 2 Net stock of private fixed assets by
type [A]................................................................. D-38
C. Historical measures
C.l GDP and other major NIPA aggregates............D-39
D. Domestic perspectives [A, Q, M ]............................... D-42
E. Charts
Selected NIPA series..................................................... D-44
Other indicators of the domestic economy..............D-50
F. Transactions tables
F.l U.S. international transactions in goods
and services [A, M ] ................................................. D -5 2
F.2 U.S. international transactions [A, Q ] ................ D -5 3
F.3 U.S. international transactions by area [ Q ] ....... D -5 4
F.4 Private services transactions [A ]............................ D -5 7
G. Investm ent tables [A]
G..1 U.S. international investment p o s itio n ..............D -5 8
G .2 U S D IA : Selected items ........................................... D -5 9
G.3 Selected financial and operating data o f foreign
affiliates o f U.S. com panies................................... D -6 0
G .4 FD IU S : Selected item s..............................................D -6 1
G.5 Selected financial and operating data o f U.S.
affiliates o f foreign companies............................. D -6 2
H . In tern atio n al perspectives [A, Q , M ] .........................D -6 3
I. Charts
The U nited States in the international econom y......D -6 4
R e g io n a l D a t a
J. State and regional tables
J.l Personal incom e [ Q ] ....................................................D -6 5
J.2 Personal income and per capita
personal incom e [ A ] ...............................................D -6 6
J.3 Disposable personal income and per capita
disposable personal incom e [ A ] ..........................D -6 7
J.4 Gross state product [ A ] ..............................................D -6 8
K. Local area table
K. 1 Personal incom e and per capita personal income
by m etropolitan area [ A ] .......................................D -6 9
L. Charts
Selected regional estim ates..............................................D -7 1
A p p e n d ix e s
A: A d d itio n a l in fo rm atio n about the NIPA estimates
Statistical conventions....................................................... D -7 3
Reconciliation tables [A, Q ] ........................................... D -7 4
B: Suggested reading............................................................... D -7 5
D -2
February 2003
National Data
A . S e le c te d N IPA T a b les
The tables in this section include the most recent estimates of gross domestic product and its components; these
estimates were released on January 30, 2003, and include the “advance” estimates for the fourth quarter of 2002.
The selected set of NIPA tables shown in this section presents quarterly estimates, which are updated monthly.
In most of these tables, annual estimates are also shown.
The news release on gross domestic product is available within minutes of the time of release, and the
“Selected NIPA Tables” are available later that day, on BEA’s Web site <www.bea.gov>.
The “Selected NIPA Tables” are also available on printouts or diskettes from BEA. To order NIPA subscription
products, call the BEA Order Desk at 1-800-704-0415 (outside the United States, 202-606-9666).
S. Sum m ary Tables
Table S.1. Summary of Percent Change From Preceding Period in Real
Gross Domestic Product and Related Measures
Table S.2. Summary of Contributions to Percent Change in Real Gross
Domestic Product
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
2002
2001
IV
Gross domestic product..
Personal consumption
expenditures.......................
Durable goods......................
Nondurable goods................
Services.................................
Gross private domestic
investment..........................
.3
2.4
2.5
3.1
6.0
2.0
2.0
7.4
3.1
2.2
II
1.3
4.0
6.0
3.1
33.6
3.6
1.8
2.0
-.1
4.2
22.8
1.0
2.1
-6 .3
7.9
2.9
2.7
2.3
-7 .3
3.9
1.3
7.9
-1.0
3.6
-.7
-.3
3.1
1.5
-9 .3
5.0
6.8
.5
-17.3
18.2
-3 .8
-5 .2
-1 .7
-6.4
.3
-3 .2
-5 .8
-16.4
-8 .9
-10.9
-30.1
-2.5
-3 .5
-.5
-5 .8
-14.2
-2 .7
14.2
-1.8
3.8
IV
-2 .4
-17.6
3.3
2.7
-.8
-21.4
6.7
1.1
.7
1.0
Net exports of goods and
services..............................
Exports...................................
Goods................................
Services.............................
Imports..................................
Goods.................................
Services.............................
-5.4
-5 .9
-4 .0
-2 .9
-3 .3
-.5
-1 .3
-3 .3
3.4
3.5
3.7
1.9
-9 .6
-7 .9
-13.8
-5 .3
-3 .3
-16.5
Government consumption
expenditures and gross
investment..........................
3.7
4.4
Federal...................................
National defense...............
Nondefense......................
State and local......................
4.8
5.0
4.5
3.1
7.4
9.3
4.2
2.9
1.5
.4
1.6
.2
1.8
-2.1
4.6
4.1
5.9
3.3
3.4
3.1
10.5
5.6
1.4
2.9
4.6
13.5
14.3
7.5
7.8
6.9
-1 .7
4.3
6.9
-.3
10.1
8.9
7.4
11.6
.4
4.6
2.2
8.3
1.7
1.8
2.9
4.2
2.9
2.4
5.6
-.1
2.6
3.4
3.9
1.3
1.4
2.3
4.3
3.7
-7 .6
3.0
3.7
14.5
1.3
.4
3.9
3.3
4.4
3.1
1.9
12.1
14.3
15.9
10.7
-1 .7
-6 .7
10.3
3.7
2.7
8.6
3.5
-3 .4
21.7
8.5
3.7
35.7
22.2
27.9
11.2
Addenda:
Final sales of domestic
product..............................
Gross domestic purchases..
Final sales to domestic
purchasers.........................
Gross national product........
Disposable personal income
4.5
2.6
Note. Percent changes from preceding period in the current-dollar and price measures for these series are
shown in table 8.1.
Percent change at annual rate:
Gross domestic product....
Percentage points at annual
rates:
Personal consumption
expenditures...................
2002
2001
IV
III
5.0
-10.7
Fixed investment..................
Nonresidential..................
Structures.....................
Equipment and software
Residential.........................
Change in private inventories
2002
2002
I
2.7
2001
I
II
.3
2.4
2.7
5.0
III
IV
1.3
4.0
.7
1.67
2.12
4.05
2.22
1.22
2.93
.67
Durable goods..................
Nondurable goods...........
Services.............................
.48
.39
.80
.60
.62
.89
2.45
.73
.87
-.55
1.57
1.20
.16
-.02
1.08
1.74
.22
.97
-.64
.77
.55
Gross private domestic
investment......................
-1.90
.08
Fixed investment.............
Nonresidential...............
Structures.................
Equipment and
software................
Residential....................
Change in private
inventories....................
Net exports of goods and
services..........................
Exports..............................
Goods............................
Services.........................
Imports..............................
Goods............................
Services.........................
Government consumption
expenditures and gross
investment......................
Federal...............................
National defense..........
Nondefense...................
State and local..................
-2.88
2.53
1.16
.55
-.6 5
-.66
-.05
-.51
-.68
-.52
-1.49
-1.33
-1.12
-.07
-.66
-.44
-.10
-.15
-.27
-.53
-.03
-.08
-.62
.46
.16
-.24
-.61
.01
-.16
.17
-.21
-.16
-.22
.60
.26
.12
.53
.05
.40
.30
-1.24
.60
-1.39
2.60
1.31
.58
-.56
-.18
-.61
-.28
-.75
-1.40
-.14
-.24
.10
-.47
-.4 0
-.07
-.99
-.56
-.4 2
.70
.37
.33
.33
-.23
.56
-1.08
-.40
-.68
1.29
.99
.30
-2.69
-2.74
.05
-.01
-.5 9
-.4 7
-.13
.42
.40
.01
-.68
.65
.81
1.85
1.04
.47
.37
.10
.35
.80
.54
.26
1.05
.47
.46
.01
.56
.29
.19
.10
.36
.45
.28
.17
-.47
-.40
-.07
-.17
-.47
.30
-.51
-.31
-.20
.27
.56
.47
.32
.16
-.21
.86
.29
.29
-.01
.27
.65
.46
.19
.21
Note More detailed contributions to percent change in real gross domestic product are shown in table 8.2.
Contributions to percent change in major components of real gross domestic product are shown in tables 8.3
through 8.6.
February 2003
Su r v ey
of
D -3
C u r r en t B usiness
1. National Product and Income
Table 1.1. Gross Domestic Product
Table 1.2. Real Gross Domestic Product
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
2002
2001
IV
Gross domestic
product.............
Personal consumption
expenditures............
Seasonally adjusted at annual rates
2002
I
II
2001
III
IV
10,082.2 10,442.1 10,152.9 10,313.1 10,376.9 10,506.2 10,572.3
6,987.0
7,300.9
7,099.9
7,174.2
7,254.7
7,360.7
7,413.8
835.9
2,041.3
4,109.9
872.4
2,113.9
4,314.5
882.6
2,044.4
4,172.9
859.0
2,085.1
4,230.1
856.9
2,108.2
4,289.5
897.8
2,116.9
4,346.0
876.0
2,145.4
4,392.5
Gross private domestic
investment...............
1,586.0
1,586.3
1,500.7
1,559.4
1,588.0
1,597.3
1,600.5
1,584.6
1,115.8
275.2
1,579.7
1,109.8
259.4
1,597.5
1,115.1
254.4
1,646.3
1,201.6
324.5
1,587.8
1,116.9
269.3
1,597.2
1,149.8
302.3
1,589.4
1,126.8
288.3
877.1
444.8
847.6
470.9
847.4
447.4
838.5
462.6
840.7
468.7
850.4
469.9
860.7
482.4
-60.3
-1.5
-96.5
-29.9
3.4
17.6
3.0
-418.1
-344.5
-360.1
Net exports of goods
and services...........
-348.9
Exports......................
Goods....................
Services.................
Imports.....................
Goods....................
Services.................
1,034.1
733.5
300.6
1,383.0
1,167.2
215.8
1,017.6
705.9
311.7
1,435.7
1,190.0
245.7
971.1
687.7
283.4
1,315.6
1,098.3
217.3
977.5
679.8
297.7
1,337.5
1,102.3
235.2
-425.6
1,018.1
709.4
308.8
1,443.7
1,202.9
240.8
-432.9
-453.9
1,038.6
722.6
316.0
1,471.5
1,220.9
250.6
1,036.2
711.9
324.3
1,490.1
1,233.8
256.2
Government
consumption
expenditures and
gross investment....
1,858.0
1,973.1
1,896.8
1,939.5
2,011.9
628.1
399.9
228.2
1,229.9
1,959.8
1,981.1
Federal........................
National defense...
Nondefense..........
State and local
693.5
447.5
246.0
1,279.6
646.9
412.8
234.1
1,249.8
672.0
431.7
240.3
1,267.5
688.2
442.1
246.1
1,271.6
697.7
451.2
246.5
1,283.3
716.0
464.8
251.2
1,295.9
Note. Percent changes from preceding period for selected items in this table are shown in table 8.1.
2001
IV
Durable goods..........
Nondurable goods....
Services....................
Fixed investment......
Nonresidential......
Structures.........
Equipment and
software........
Residential............
Change in private
inventories............
2002
Gross domestic product..
Personal consumption
expenditures.......................
Durable goods......................
Nondurable goods................
Services................................
Gross private domestic
investment..........................
Fixed investment..................
Nonresidential..................
Structures.....................
Equipment and software
Residential.........................
Change in private inventories
2002
I
II
III
IV
9,214.5 9,436.1 9,248.8 9,363.2 9,392.4 9,485.6 9,503.2
6,377.2 6.573.0 6.464.0 6,513.8 6,542.4 6,609.9 6,625.7
931.9
1.869.8
3.594.9
1,000.5
1.928.0
3,673.6
992.0
1.885.0
3,616.6
975.9
1,921.4
3,642.2
980.7
1,920.9
3,666.2
1,032.4
1,925.8
3,687.0
1,012.9
1,944.2
3,699.1
1,574.6 1.582.8 1.490.3 1,554.0 1,583.9 1,598.0 1,595.3
1,627.4
1,255.1
270.9
988.2
373.5
-61.4
1,576.1
1.182.8
226.5
970.4
387.6
-.5
1.578.4
1.206.4
252.7
960.3
371.0
-98.4
1.576.4
1.188.4
243.2
953.7
383.6
-28.9
1,572.6
1,181.1
231.7
961.4
386.1
4.9
1.571.6
1.178.7
218.2
977.2
387.1
18.8
1,583.6
1,183.2
212.9
989.3
393.6
3.3
Net exports of goods and
services..............................
-415.9
-482.2
-425.3
-446.6
-487.4
-488.0
-506.9
Exports...................................
Goods................................
Services.............................
Imports..................................
Goods................................
Services.............................
1,076.1
785.2
292.0
1,492.0
1,270.5
222.4
1,061.7
759.4
301.9
1,543.9
1,317.2
226.6
1,021.8
744.6
278.2
1,447.2
1,238.7
208.9
1,030.6
738.1
292.2
1,477.1
1,250.0
225.5
1,065.5
765.8
299.7
1,552.9
1,329.2
224.3
1.077.7
773.5
304.0
1.565.7
1,340.3
226.0
1,073.0
760.3
311.6
1,579.9
1,349.2
230.7
Government consumption
expenditures and gross
investment..........................
1.640.4 1,712.8 1,674.5 1.697.3 1,703.3 1.715.6 1,735.1
Federal...................................
National defense...............
Nondefense......................
State and local......................
Residual.....................................
570.6
366.0
204.4
1.069.4
22.6
612.9
400.0
213.0
1,100.0
19.5
587.2
378.0
209.1
1,087.1
20.2
597.8
388.5
209.3
1.099.3
20.2
608.7
395.8
212.9
1,094.7
25.1
615.1
402.5
212.7
1.100.6
12.1
630.2
413.3
217.0
1,105.3
20.3
Note. Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines.
Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to
the percent change in real gross domestic product are shown in table 8.2.
Chain-type quantity indexes for the series in this table are shown in table 7.1.
D -4
National D ata
February 2003
Table 1.3. Gross Domestic Product by Major Type of Product
Table 1.4. Real Gross Domestic Product by Major Type of Product
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
Gross domestic
product...............
Final sales of
domestic product.
Change in private
inventories............
1 0,0 8 2 .2
10,142.5
2002
10,442.1
10,443.6
2001
Seasonally adjusted at annual rates
2001
2002
IV
I
II
III
IV
1 0,1 5 2 .9
10,313.1
10,3 76 .9
1 0,5 06 .2
10,5 72 .3
10,249.4
10,343.0
10,373.5
10,488.7
10,569.3
-60.3
-1 .5
-96.5
-29.9
3.4
17.6
3.0
G oods..............................
3 ,5 9 3.7
3 ,6 9 2 .0
3,599.1
3 ,6 6 4 .2
3,659.1
3 ,7 3 2 .7
3 ,7 1 2.0
Final sales..............
Change in private
inventories........
Durable goods..........
Final sales....?........
Change in private
inventories 1......
Nondurable goods....
Final sales..............
Change in private
inventories 1.....
3,654.0
3,693.5
3,695.5
3,694.1
3,655.7
3,715.2
3,709.0
-60.3
1,611.4
1,676.4
-1 .5
1,646.9
1,647.2
-96.5
1,594.1
1,689.1
-29.9
1,621.2
1,641.5
3.4
1,612.0
1,616.8
17.6
1,683.1
1,678.3
3.0
1,671.3
1,652.0
-65.0
1,982.3
1,977.6
-.2
2,045.1
2,046.4
-95.0
2,005.0
2,006.4
-20.3
2,042.9
2,052.6
-4.8
2,047.1
2,038.9
4.8
2,049.6
2,036.9
19.3
2,040.7
2,057.0
4.7
-1.3
-1.5
-9 .7
8.2
12.7
-16.3
S ervices.........................
Structures.......................
Addenda:
5,535.1
953.3
5 ,8 1 3 .4
936.7
5,613.1
940.7
5 ,6 9 6.6
9 52.3
5 ,7 8 1.5
936.3
5,8 4 9.7
923.8
5 ,9 2 5.8
934.5
Motor vehicle output
Gross domestic
product less motor
vehicle output
312.0
344.5
327.7
331.8
334.7
360.7
350.8
10,097.6
9,825.2
9,770.2
9,981.3
10,042.1
10,145.5
10,221.5
2002
2001
2002
IV
I
II
III
IV
Gross domestic product..
9 ,2 1 4.5
9 ,436.1
9 ,2 4 8 .8
9,3 6 3.2
9,3 9 2.4
9 ,4 8 5.6
9 ,5 0 3.2
Final sales of domestic
product..............................
Change in private inventories
Residual................................
9,258.4
-61.4
17.5
9,425.6
-.5
11.0
9,324.9
-98.4
22.3
9,379.4
-28.9
12.7
9,377.9
4.9
9.6
9,457.2
18.8
9.6
9,488.2
3.3
11.7
G oods...........................................
3 ,589.9
3 ,7 0 7.8
3 ,5 9 8.2
3 ,670.8
3 ,674.4
3,754.8
3 ,730.9
Final sales..........................
Change in private
inventories....................
Durable goods......................
Final sales..........................
Change in private
inventories 1..................
Nondurable goods................
Final sales..........................
Change in private
inventories'..................
3,643.3
3,700.9
3,686.8
3,693.4
3,663.0
3,728.1
3,719.1
-61.4
1,754.9
1,823.9
-.5
1,825.1
1,823.1
-98.4
1,741.7
1,843.8
-28.9
1,781.1
1,801.6
4.9
1,784.6
1,787.6
18.8
1,872.5
1,864.6
3.3
1,862.1
1,838.4
-67.9
1,834.2
1,825.6
-.1
1,884.2
1,879.8
-99.3
1,853.1
1,849.1
-20.3
1,886.8
1,890.7
-4.4
1,887.2
1,874.5
5.0
1,888.0
1,870.2
19.5
1,874.7
1,883.7
4.8
-.3
-.8
-8 .8
9.0
13.6
-15.1
S ervices.......................................
Structures....................................
4 ,8 2 6 .4
797.1
4 ,9 5 8 .7
774.7
4 ,869.1
780.5
4 ,9 0 3.2
792.1
4 ,9 4 5.5
774.9
4 ,9 7 6.4
764.0
5,0 0 9.5
767.6
Residual.....................................
4.6
.2
6.4
4.7
5.3
-8.2
-.4
315.9
356.5
332.6
340.5
347.2
375.7
362.6
8,896.6
9,081.3
8,915.7
9,022.6
9,045.9
9,113.8
9,142.8
Addenda:
Motor vehicle output...........
Gross domestic product less
motor vehicle output
1. Estimates for durable goods and nondurable goods for 1997 and earlier periods are based on the 1987 Stan
1. Estimates for durable goods and nondurable goods for 1997 and earlier periods are based on the 1987 Stan
dard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry
dard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry
Classification System (NAICS).
Classification System (NAICS).
Note. Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
Note Percent changes from preceding period for gross domestic product and for final sales of domestic
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
product are shown in table 8.1.
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. The residual line following change in private inventories is the difference between gross domestic product
and the sum of final sales of domestic product and of change in private inventories; the residual line following
structures is the difference between gross domestic product and the sum of the detailed lines of goods, of
services, and of structures.
Percent changes from preceding period for gross domestic product and for final sales of domestic product are
shown in table 8.1.
Chain-type quantity indexes for the series in this table are shown in table 7.17.
Table 1.5. Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.6. Relation of Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Billions of dollars]
[Billions of chained (1996) dollars]
Gross domestic product
1 0,0 82 .2
10,442.1
1 0,1 52 .9
10,313.1
1 0,3 76 .9
1 0,5 06 .2
10,5 72 .3
1,034.1
1,017.6
971.1
977.5
1,018.1
1,038.6
1,036.2
1,383.0
1,435.7
1,315.6
1,337.5
1,443.7
1,471.5
1,490.1
Less: Exports of goods and
services..................................
Plus: Imports of goods and
services.................................
Equals: Gross domestic
purchases..................
10,4 31 .0
10,8 60 .2
10,4 97 .4
10,673.1
10,8 02 .4
10,939.1
11,0 26 .2
Less: Change in private
inventories.................
-60.3
-1.5
-96.5
-29.9
3.4
17.6
Equals: Final sales to
domestic purchasers
1 0,4 91 .4
1 0,8 61 .7
1 0,5 93 .9
10,703.1
1 0,7 9 9 .0 1 0,9 21 .5
Less: Exports of goods
and services.............
Plus: Imports of goods
and services.............
N ote.
9,214.5
9,436.1
9,248.8
9,363.2
9 ,392.4
9,485.6
9,503.2
1,076.1
1,061.7
1,021.8
1,030.6
1,065.5
1,077.7
1,073.0
1,492.0
1,543.9
1,447.2
1,477.1
1,552.9
1,565.7
1,579.9
Equals: Gross domestic
purchases...............................
9 ,6 0 0.7
9 ,8 8 0 .6
9 ,6 4 5.3
9 ,7 7 8.2
9 ,8 4 0.8
9 ,9 3 4.7
9,968.6
3.0
Less: Change in private
inventories............................
-61.4
-.5
-98.4
-28.9
4.9
18.8
3.3
1 1,0 23 .2
Equals: Final sales to
domestic purchasers...........
9 ,6 4 4.9
9 ,8 7 0.0
9 ,7 2 2.3
9 ,7 9 4.4
9,8 2 6.0
9,906.1
9,9 5 3.4
Percent changes from preceding period for selected items in this table are shown in table 8.1.
Gross domestic product..........
Note Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive.
Percent changes from preceding period for selected series in this table are shown in table 8.1.
Chain-type quantity indexes for selected series in this table are shown in table 7.2.
Table 1.7. Gross Domestic Product by Sector
Table 1.8. Real Gross Domestic Product by Sector
[Billions of dollars]
[Billions of chained (1996) dollars]
Gross domestic
product..............
B usiness1......................
1 0,0 82 .2
8 ,4 8 2.7
10,442.1
8 ,7 5 4.8
1 0,1 52 .9
8,5 2 5.2
10,313.1
8,6 5 6.2
1 0,3 76 .9
8,700.1
10,5 06 .2
8,8 0 8.6
10,5 72 .3
8,8 5 4.4
Gross domestic product..
B usiness1....................................
9,2 1 4.5
7 ,8 3 8.3
9,436.1
8 ,0 2 8.9
9 ,2 4 8.8
7 ,8 5 9 .4
9 ,3 6 3.2
7 ,9 6 6 .9
9,3 9 2.4
7 ,9 8 9.2
9,4 8 5.6
8,075.1
9,5 0 3.2
8,0 8 4.4
Nonfarm2..............................
Nonfarm less housing....
Housing.............................
Farm.......................................
7,724.7
7,012.9
712.6
114.3
7,914.0
7,205.0
711.8
114.6
7,739.2
7,032.2
708.3
124.4
7,849.1
7,140.4
710.9
119.8
7,876.8
7,157.0
721.0
110.8
7,961.0
7,252.6
711.7
112.9
7,968.9
7,269.9
703.5
115.1
Nonfarm2.................
Nonfarm less
housing..............
Housing.................
Farm...........................
8,402.1
8,675.7
8,443.7
8,567.6
8,631.5
8,731.3
8,772.5
7,571.1
831.1
80.6
7,809.7
866.0
79.1
7,601.5
842.1
81.6
7,712.8
854.8
88.6
7,757.5
874.1
68.6
7,862.0
869.2
77.4
7,906.6
865.9
81.8
Households and institutions..
398.7
407.6
401.0
403.4
406.4
409.0
411.7
Households and
institutions.................
10.1
388.7
459.6
4 86.0
Private households..............
Nonprofit institutions..........
8.8
398.9
9.0
392.0
8.7
394.8
8.8
397.7
466.6
472.5
481.4
490.5
499.6
8.9
400.3
9.0
402.8
Private households...
Nonprofit institutions
11.9
447.7
10.8
475.2
10.7
455.9
10.5
462.0
10.7
470.8
10.8
479.7
11.0
488.5
General governm ent3..............
978.5
1 ,0 0 1.0
9 88.9
994 .3
998.1
1 ,0 0 3.2
1 ,0 0 8.3
General governm ent3.
1 ,139.8
1 ,2 0 1.3
1,161.1
1 ,1 8 4.4
1,195.3
1,207.1
1,2 1 8.4
Federal.......................
State and local
332.8
807.0
355.7
845.6
334.3
826.8
350.1
834.3
354.1
841.3
357.7
849.3
360.9
857.5
Federal...................................
State and local......................
Residual.....................................
291.3
687.0
-2 .4
297.5
703.2
-3 .7
292.0
696.5
-5 .6
294.3
699.7
-5 .4
296.0
701.7
-.6
298.5
704.4
-3 .7
301.1
706.9
-5.1
1. Equals gross domestic product less gross product of households and institutions and of general govern
ment.
2. Equals gross domestic business product less gross farm product.
3. Equals compensation of general government employees plus general government consumption of fixed
capital as shown in table 3.7.
1. Equals gross domestic product less gross product of households and institutions and of general govern
ment.
2. Equals gross domestic business product less gross farm product.
3. Equals compensation of general government employees plus general government consumption of fixed
capital as shown in table 3.8.
Note. Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
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 addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.14.
February 2003
Su r v ey
D -5
C u r r en t B usiness
of
Table 1.9. Relation of Gross Domestic Product, Gross National Product,
Net National Product, National Income, and Personal Income
Table 1.10. Relation of Real Gross Domestic Product, Real Gross
National Product, and Real Net National Product
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
Gross domestic product
Plus: Income receipts
from the rest of the
world..........................
2002
1 0,0 82 .2
2002
2001
10,442.1
316.9
2001
I
II
III
IV
10,1 52 .9
10,313.1
1 0,3 76 .9
10,5 06 .2
10,5 72 .3
269.0
264.7
276.0
287.3
product........................
Less: Consumption of
295.0
233.7
262.8
10,104.1
10,188.1
1 0,3 14 .9
296.1
1 0,3 56 .8 1 0,4 95 .3
fixed capital...............
Private.........................
Capital
consumption
allowances
Less: Capital
consumption
adjustment
Government...............
General
government
Government
enterprises
Equals: Net national
1,329.3
1,106.8
1,393.2
1,163.7
1,338.6
1,114.4
1,363.5
1,136.9
1,389.8
1,161.2
1,405.3
1,174.8
1,414.4
1,181.8
1,168.4
1,320.0
1,331.9
1,324.0
1,322.0
1,317.9
1,315.9
61.6
222.4
156.3
229.5
217.5
224.2
187.0
226.5
160.8
228.6
143.1
230.5
134.1
232.6
187.7
195.0
190.4
192.5
194.1
195.7
197.5
34.8
34.6
35.0
product........................
Less: Indirect business
8 ,7 7 4.8
tax and nontax liability
Business transfer
payments................
Statistical discrepancy
Plus: Subsidies less
current surplus of
government
enterprises................
Equals: National
incom e........................
Less: Corporate profits
with inventory
valuation and capital
consumption
adjustments..............
Net interest.................
Contributions for
social insurance
Wage accruals less
disbursements
Plus: Personal interest
income......................
Personal dividend
income....................
Government transfer
payments to
persons..................
Business transfer
payments to
persons..................
Equals: Personal
incom e........................
Addenda:
Gross domestic
income...................
Gross national income
Net domestic product
33.8
34.0
34.4
34.8
8,9 5 1.5
8 ,9 6 7.0
9,0 9 0.0
774.8
800.1
779.9
786.2
795.1
806.9
812.1
42.5
-117.3
44.2
42.8
-132.6
43.8
-110.0
43.9
-165.0
44.4
-120.3
44.5
47.3
31.8
37.5
37.0
35.1
29.1
25.9
8 ,1 2 2.0
8,1 9 6.8
8,2 6 8.5
8,3 2 8.0
8,388.1
731.6
649.8
682.4
811.4
653.9
797.6
672.8
785.0
678.1
771.0
687.6
691.3
726.1
749.7
725.8
740.4
746.1
752.5
759.7
.0
.0
.0
.0
.0
.0
.0
1,091.3
1,077.3
1,072.9
1,069.9
1,082.3
1,080.7
1,076.1
409.2
433.8
417.3
423.7
430.3
437.3
443.8
1,137.0
1,252.0
1,171.0
1,217.4
1,247.7
1,263.1
1,279.8
33.4
35.1
34.0
34.6
34.9
35.3
35.6
8 ,9 9 3.3
9 ,0 8 1.6
10,626.5
10,615.6
9,101.0
9,157.9
8,6 8 5.3
8,948.1
8 ,7 0 0.9
8,8 0 3.4
8 ,9 1 4 .0
10,199.4
10,221.4
8,752.9
9,048.9
10,285.5
10,320.7
8,814.3
10,423.1
10,424.9
8,949.6
10,541.8
10,521.8
8,987.0
9 ,2 4 8.8
9 ,3 6 3.2
9 ,3 9 2.4
9.4 8 5.6
292.0
247.4
242.8
251.8
261.3
rest of the world...................
269.2
Equals: Gross national product 9 .2 3 7.3
Less: Consumption of fixed
1,320.8
capital.....................................
Private..................................... 1.110.7
Government...........................
210.9
General government.........
179.2
Government enterprises...
31.7
Equals: Net national product.. 7,928.1
213.1
239.2
268.2
269.5
9 .2 8 3 .5
9 ,3 6 7.5
9.3 7 6.7
9 .4 7 7.9
1.333.5
1,122.2
212.1
181.5
30.6
1,357.9
1,144.8
214.0
183.2
30.9
1,390.9
1,176.2
215.8
184.7
31.1
1,417.0
1.200.9
217.5
186.1
31.3
7.961.1
8 022.0 8 ,001.6 8 .0 7 8.2
9.369.5
9.404.2
7,926.7
9,463.1
9,467.4
8,017.7
Gross domestic product..........
Plus: Income receipts from the
9.2 1 4.5
rest of the world...................
9,436.1
9 ,5 0 3.2
Less: Income payments to the
298.2
8 ,849.5
2002
2001
II
IV
Less: Income payments
to the rest of the
world..........................
Equals: Gross national
2002
1,399.9
1,184.5
216.6
185.4
31.2
,
1,433.8
1,216.1
219.1
187.5
31.6
Addenda:
Gross domestic income1....
Gross national income2......
Net domestic product..........
9.321.7
9.344.5
7.905.4
8,052.1
9.541.7
9.526.0
8.017.0
9.594.2
9.586.6
8,085.5
8,088.2
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
2. Gross national income deflated by the implicit price deflator for gross national product.
Norn. Except as noted in footnotes 1 and 2, chained (1996) dollar series are calculated as the product of the
chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because
the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chaineddollar estimates are usually not additive.
The chain-type quantity index for gross national product is shown in table 7.3.
Table 1.11. Command-Basis Real Gross National Product
[Billions of chained (1996) dollars]
9,2 3 7.3
9 ,2 8 3.5
9,3 6 7.5
9,3 7 6.7
9,4 7 7.9
1,366.5
1,264.7
1,268.0
1,311.9
1,334.2
1,410.0
1,314.9
1,321.2
1,345.6
1,365.6
national product...................
Addendum:
9 ,2 8 0.9
9,3 3 3.7
9 ,4 2 0.6
9 ,4 1 0.3
9 ,5 0 9.3
Terms of trade2....................
103.2
104.0
104.2
102.6
102.4
Gross national product............
Less: Exports of goods and
services and income receipts
from the rest of the world...
Plus: Command-basis exports
of goods and services and
income receipts from the
rest of the world1................
Equals: Command-basis gross
1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of
goods and services and income payments.
2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corre
sponding implicit price deflator for imports divided by 100.
Note. Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive.
Percent changes from preceding period for gross national product are shown in table 8.1.
Chain-type quantity indexes for the series in this table are shown in table 7.3.
D -6
February 2003
National D ata
Table 1.14. National Income by Type of Income
Table 1.16. Gross Product of Corporate Business in Current Dollars and
Gross Product of Nonfinancial Corporate Business in Current and Chained
Dollars
[Billions of dollars]
Seasonally adjusted at annual rates
2002
2001
2001
Seasonally adjusted at annual rates
2002
2001
IV
National inc o m e ..............
Compensation of em ployees.
Wage and salary accruals....
Government........................
O ther....................................
Supplements to wages and
salaries................................
Employer contributions for
social insurance............
Other labor income...........
Proprietors' income with
inventory valuation and
capital consumption
adjustm ents............................
Farm ..........................................
Proprietors' income with
inventory valuation
adjustment......................
Capital consumption
adjustment......................
Nonfarm...................................
Proprietors' income..........
Inventory valuation
adjustment......................
Capital consumption
adjustment......................
Rental income of persons with
capital consumption
adjustment..............................
Rental income of persons....
Capital consumption
adjustment...........................
Corporate profits with
inventory valuation and
capital consumption
adjustments............................
Corporate profits with
inventory valuation
adjustment...........................
Profits before tax ...............
Profits tax liability........
Profits after ta x .............
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 flo w ...........
,
8 122.0
5 ,8 7 4.9
5 .9 9 8.8
8 .1 9 6 .8
5 .8 6 0 .9
8 ,2 6 8 .5
5 .9 0 8 .4
8 ,3 2 8 .0
5 .9 6 3.9
8,388.1
6 ,0 2 6.6
6 ,0 9 6 .4
4,950.6
810.8
4,139.8
5.023.9
852.9
4,171.0
4,931.4
825.2
4,106.2
4,957.8
840.4
4.117.4
4,997.3
848.4
4.148.9
5,043.6
857.1
4,186.5
5,096.7
865.7
4,231.0
924.3
975.0
929.4
950.7
966.6
982.9
999.7
353.9
570.4
364.2
610.8
353.2
576.3
359.9
590.8
362.5
604.1
365.4
617.5
368.8
630.9
7 27 .9
7 56 .9
7 31 .3
748 .4
12.7
19.2
21.7
747 .5
7.5
758 .7
19.0
772.9
10.9
10.7
26.7
21.4
27.1
30.0
16.1
19.6
20.0
-7 .7
708.8
621.6
-8 .7
744.2
630.5
-7 .8
712.1
594.1
- 8 .2
726.7
612.5
-8.7
740.0
626.9
-8 .9
748.0
635.0
-9.1
761.9
647.6
.9
-.9
3.6
- .2
-1.1
-1 .7
-.5
86.3
114.5
114.3
114.4
114.2
114.6
114.8
137.9
1 43.9
1 39.3
141.3
153.5
144.1
136.7
204.4
213.4
206.9
209.1
221.9
214.5
208.3
-66.5
-69.5
-67.8
-68.4
-70.3
-67.6
7 31.6
8 11 .4
797 .6
785.0
771.0
675.1
670.2
199.3
470.9
409.6
61.2
626.3
599.1
170.6
428.5
417.7
641.3
639.4
202.4
437.0
424.2
12.8
652.2
657.9
213.7
444.3
430.8
13.5
653.4
668.5
214.7
453.8
437.7
16.1
434.3
10.8
-71.6
444.3
27.2
1.9
-5 .7
-15.1
56.5
129.1
185.1
156.3
132.8
117.6
109.9
649.8
6 82.4
6 53 .9
6 72 .8
678.1
687.6
691.3
5.0
532.3
640.8
595.2
571.3
556.3
911.8
1,015.6
979.3
966.7
954.7
122.7
223.0
171.0
140.5
118.6
792.6
808.3
826.1
836.1
27.2
988.4
1.9
977.4
-5 .7
972.4
-15.1
969.8
789.1
5.0
906.8
827.4
839.1
2002
2001
2002
Billions of dollars
Gross product of
corporate business.....
Consumption of fixed capital..
Net product..................................
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies..
Domestic incom e..................
Compensation of
em ployees......................
Wage and salary
accruals.......................
Supplements to wages
and salaries................
Corporate profits with
inventory valuation and
capital consumption
adjustments...................
Profits before ta x ..........
Profits tax liability....
Profits after t a x ........
Dividends..............
Undistributed
profits.................
Inventory valuation
adjustment.................
Capital consumption
adjustment.................
Net interest.........................
Gross product of financial
corporate business.....
Gross product of
nonfinancial corporate
business.........................
Consumption of fixed c ap ital..
Net product..................................
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies..
Domestic incom e..................
Compensation of
em ployees......................
Wage and salary
accruals.......................
Supplements to wages
and salaries................
Corporate profits with
inventory valuation and
capital consumption
adjustments...................
Profits before ta x ..........
Profits tax liability....
Profits after ta x ........
Dividends..............
Undistributed
profits.................
Inventory valuation
adjustment.................
Capital consumption
adjustment.................
Net interest.........................
6 ,1 5 3 .4
6 ,2 4 9.2
6,3 2 0.3
6,3 6 6.9
789.1
5,328.4
827.4
792.6
5,360.8
808.3
5,440.9
826.1
5,494.1
836.1
5,530.8
839.1
565.7
4,762.7
592.4
576.7
4,784.1
582.1
4,858.9
588.8
4,905.3
598.0
4,932.7
600.5
3,945.6
4,003.8
3,921.6
3,941.7
3,979.5
4,022.4
4,071.6
3,378.6
3,404.3
3,351.4
3,360.6
3,386.5
3,416.9
3,453.1
567.0
599.5
570.2
581.1
593.1
605.5
618.5
580.9
519.4
199.3
320.1
383.1
646.7
434.4
170.6
263.8
391.9
665.6
507.4
202.4
305.0
402.8
669.9
542.9
213.7
329.2
385.1
654.9
552.4
214.7
337.7
379.2
-63.0
-128.1
-97.9
-56.0
-41.5
6 ,1 1 7.5
5.0
56.5
236.3
129.1
763.3
5 ,3 5 4.2
27.2
1.9
-5 .7
-15.1
185.1
215.8
156.3
251.6
132.8
255.8
117.6
255.4
761.8
825.5
831.3
833.8
109.9
5 ,3 9 1.6
5 ,4 2 3 .8
5 ,4 8 9.0
5 ,5 3 3.0
652.8
4,701.4
686.5
657.0
4,734.6
670.7
4,753.1
685.1
4,803.8
693.7
4,839.3
696.6
523.7
4,177.7
548.9
534.3
4,200.3
539.3
4,213.9
545.6
4,258.2
554.2
4,285.2
556.4
3,573.5
3,626.4
3,551.8
3,570.1
3,604.4
3,643.2
3.687.8
3,056.4
3,079.6
3,031.8
3,040.2
3,063.5
3,091.0
3.123.8
517.1
546.7
520.0
529.9
540.8
552.2
564.0
407.4
328.8
123.5
205.3
278.5
449.0
234.3
94.0
140.3
285.2
452.4
289.2
119.8
169.5
293.1
459.3
324.4
130.8
193.6
280.2
447.6
336.3
133.4
202.9
275.9
-73.2
-144.9
-123.6
-86.6
-73.0
5.0
27.2
1.9
-5 .7
-15.1
187.4
199.5
161.3
191.4
140.6
194.6
126.4
194.3
73.6
196.8
136.7
118.7
Billions of chained (1996) dollars
Gross product of
nonfinancial corporate
business1.......................
Consumption of fixed capital2
Net product3...............................
5 .1 4 1 .8
671.9
4.469.9
720.8
5 ,1 8 9 .3
5 ,2 3 1.3
5,2 9 8.7
5,3 4 8.0
681.0
4,508.4
695.2
4,536.0
715.4
4,583.3
731.4
4,616.6
741.2
1. Effective November 26,2002, the estimates of chained-dollar gross product of nonfinancial corporate busi
ness beginning with 1999 have been revised to reflect the 2002 annual revision to the gross product price index
for nonfinancial industries.
2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product
of the chain-type quantity index and the 1996 current-doliar value of the corresponding series, divided by 100.
3. Chained-dollar net product of nonfinancial corporate business is the difference between the gross product
and the consumption of fixed capital.
February 2003
Su r v ey
D -7
C u r r e n t B u siness
of
2. Personal Income and Outlays
Table 2.1. Personal Income and Its Disposition
Table 2.2. Personal Consumption Expenditures by Major Type of Product
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
2002
2002
2001
IV
I
II
2001
III
IV
8 ,6 8 5.3
8,948.1
8 ,7 0 0 .9
8 ,8 0 3.4
8 ,9 1 4.0
8 ,9 9 3.3
9 ,0 8 1.6
4 ,9 5 0 .6
5 ,0 2 3.9
4 ,9 3 1 .4
4 ,9 5 7 .8
4 ,9 9 7 .3
5 ,0 4 3.6
5 ,0 9 6 .7
Private industries..............
Goods-producing
industries..................
Manufacturing..........
Distributive industries..
Service industries........
Government......................
4,139.8
4,171.0
4,106.2
4,117.4
4,148.9
4,186.5
4,231.0
1,142.4
789.4
1,109.2
1,888.2
810.8
1,123.1
764.5
1,118.9
1,929.0
852.9
1,123.3
769.9
1,098.6
1,884.3
825.2
1,116.9
759.4
1,110.1
1,890.4
840.4
1,121.3
765.3
1,115.3
1,912.4
848.4
1,126.0
767.0
1,120.3
1,940.2
857.1
1,128.1
766.1
1,129.9
1,973.1
865.7
Other labor in c o m e .............
Proprietors' income with
inventory valuation and
capital consumption
adjustm ents.......................
570.4
610.8
576.3
590.8
604.1
6 17 .5
6 30 .9
727.9
756.9
731.3
7 48 .4
747.5
758.7
772 .9
Farm...................................
Nonfarm............................
19.0
708.8
12.7
744.2
19.2
712.1
21.7
726.7
7.5
740.0
10.7
748.0
10.9
761.9
Rental income of persons
with capital consumption
adjustm ent.........................
Personal dividend in c o m e .
Personal interest incom e...
Transfer payments to
persons...............................
137.9
409 .2
1 ,0 9 1.3
143 .9
433.8
1 ,0 7 7.3
1 39.3
417 .3
1,0 7 2.9
1 41.3
4 2 3 .7
1 ,0 6 9.9
153.5
4 30.3
1 ,0 8 2.3
144.1
4 37 .3
1 ,0 8 0.7
136.7
443 .8
1,076.1
1 ,1 7 0 .4
1,287.1
1 ,2 0 5.0
1 ,2 5 2 .0
1 ,2 8 2.6
1 ,2 9 8 .4
1 ,3 1 5.4
664.3
699.3
674.0
690.2
696.3
701.9
708.9
31.9
26.7
447.6
19.2
428.3
62.9
29.5
495.4
19.3
476.0
41.0
27.7
462.4
19.4
443.0
52.3
28.5
481.0
19.3
461.7
67.3
29.3
489.8
19.3
470.4
67.6
30.0
498.9
19.3
479.6
64.3
30.4
511.8
19.4
492.4
372.3
385.5
372 .7
380 .5
383 .6
387 .0
391 .0
1,292.1
1,118.1
1,3 0 9.7
1 ,1 3 6 .8
1 ,1 2 1.8
1 ,1 0 7.3
1 ,1 0 6.6
7 ,3 9 3.2
7 ,2 2 3.5
7 ,8 3 0 .0
7 ,5 2 1.7
7 ,3 9 1.2
7 ,3 2 9.6
7 ,6 6 6 .7
7 ,3 9 6 .3
7 ,7 9 2.2
7 ,4 7 7 .9
7 ,8 8 6.0
7 ,5 8 3.0
7 ,9 7 5.0
7 ,6 2 9.6
7,413.8
182.7
Personal incom e.......................
Wage and salary
disbursem ents..................
Old-age, survivors,
disability, and health
insurance benefits........
Government
unemployment
insurance benefits........
Veterans benefits..............
Other transfer payments..
Family assistance1......
Other..............................
Less: Personal
contributions for social
insurance............................
Less: Personal tax and nontax
paym ents.................................
Equals: Disposable personal
incom e.....................................
Less: Personal outlays............
Personal consumption
expenditures.....................
Interest paid by persons......
Personal transfer payments
to the rest of the world
(net)....................................
Equals: Personal s avin g ........
Addenda:
Disposable personal income:
Total, billions of chained
(1996) dollars2............
Per capita:
Current dollars.............
Chained (1996) dollars
Population (mid-period,
millions).........................
Personal saving as a
percentage of disposable
personal incom e..............
6,987.0
205.4
7,300.9
188.5
7,099.9
199.1
7,174.2
190.6
7,254.7
191.3
7,360.7
189.3
31.1
32.4
30.6
31.5
31.9
32.9
33.1
169.7
308.2
61.5
270 .4
314.3
303.0
345.3
6,748.0
7,049.2
6,729.1
6,961.0
7,027.2
7,081.6
7,127.2
25,957
23,692
27,239
24,523
25,853
23,537
26,759
24,296
27,144
24,479
27,404
24,609
27,645
24,706
284.8
287.5
285.9
286.5
287.1
287.8
288.5
2.3
3 .9
.8
3.5
4.0
3.8
4 .3
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 expendi
tures.
Note. Percent changes from preceding period for disposable personal income are shown in table 8.1.
2002
2001
2002
IV
I
II
III
IV
7 ,0 9 9.9
882.6
7,1 7 4.2
859.0
7 ,2 5 4.7
856.9
7 ,3 6 0.7
897.8
7 ,4 1 3.8
876.0
Personal consumption
expenditures.................
Durable goods............................
6 ,9 8 7.0
835.9
7 ,3 0 0 .9
872 .4
Motor vehicles and parts....
Furniture and household
equipment.........................
Other......................................
361.3
376.1
399.5
365.8
362.1
400.7
375.9
306.1
168.4
319.1
177.2
311.5
171.5
317.1
176.1
319.1
175.8
319.2
177.9
321.1
178.9
Nondurable goods.....................
2 ,041.3
2 ,1 1 3.9
2 ,0 4 4.4
2,085.1
2,108.2
2 ,116.9
2 ,1 4 5.4
Food.......................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods....................
Gasoline and oil................
Fuel oil and coal................
Other......................................
992.4
315.3
1,028.0
324.2
1,002.8
317.4
1,025.0
325.8
1,023.9
323.9
1,024.8
321.0
1,038.3
326.1
178.6
162.1
16.5
555.0
173.7
158.9
14.8
588.0
156.7
142.2
14.5
567.5
156.2
142.3
13.9
578.0
174.7
160.7
14.0
585.6
178.2
163.5
14.7
592.9
185.6
168.9
16.7
595.3
Services......................................
4 ,1 0 9.9
4 ,3 1 4 .5
4 ,1 7 2 .9
4,230.1
4 ,2 8 9.5
4 ,3 4 6.0
4 ,3 9 2 .5
1,014.5
406.3
154.5
251.8
271.4
1,072.2
271.9
1,073.6
1,071.5
403.1
145.7
257.5
275.9
1,149.0
285.1
1,129.8
1,035.5
396.9
143.1
253.8
269.0
1,103.1
276.6
1,091.8
1,051.7
399.2
143.9
255.4
273.3
1,119.0
279.0
1,107.8
1,066.0
400.9
144.9
256.1
275.6
1,139.3
283.8
1,123.8
1,078.0
406.3
147.4
258.9
276.1
1,158.8
285.9
1,140.9
1,090.4
406.0
146.6
259.5
278.7
1,179.0
291.6
1,146.7
333.0
319.4
299.8
300.1
319.6
325.6
332.2
5,661.6
5,953.5
5,797.3
5,849.1
5,911.1
6,010.3
6,043.3
Housing..................................
Household operation...........
Electricity and gas...........
Other household operation
Transportation......................
Medical care..........................
Recreation.............................
Other......................................
Addenda:
Energy goods and services'
Personal consumption
expenditures less food and
energy ...............................
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Table 2.3. Real Personal Consumption Expenditures by Major Type of
Product
[Billions of chained (1996) dollars]
Personal consumption
expenditures.................
Durable goods............................
6 ,3 7 7.2
931.9
6 ,5 7 3.0
1 ,0 0 0 .5
6 ,4 6 4.0
992.0
Motor vehicles and parts....
Furniture and household
equipment.........................
Other......................................
361.9
382.3
398.0
175.3
438.7
186.0
Nondurable goods....................
1,8 6 9.8
Food.......................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods....................
Gasoline and oil................
Fuel oil and coal................
Other......................................
887.0
337.7
S ervices......................................
Housing..................................
Household operation...........
Electricity and gas...........
Other household operation
Transportation......................
Medical care..........................
Recreation.............................
Other......................................
Residual.....................................
6 ,5 4 2.4
980.7
400.4
370.0
369.1
407.6
382.6
413.6
178.9
428.2
184.2
435.2
184.1
441.4
187.0
449.8
188.7
1 ,9 2 8 .0
1 ,8 8 5.0
1 ,9 2 1.4
1 ,9 2 0.9
1 ,925.8
1,9 4 4.2
901.1
356.9
887.1
344.8
901.4
355.8
899.2
355.1
897.9
355.3
906.0
361.3
151.2
138.8
12.6
495.5
157.3
144.9
12.6
515.9
153.4
141.4
12.2
502.0
157.2
145.1
12.4
510.1
156.5
144.7
12.1
513.1
157.5
145.4
12.4
518.0
157.9
144.6
13.5
522.5
3 ,5 9 4 .9
3 ,6 7 3 .6
3 ,6 1 6 .6
3 ,6 4 2 .2
3 ,6 6 6.2
3,6 8 7.0
3,699.1
866.0
382.6
134.5
248.2
251.1
938.3
233.2
922.7
-23.6
880.1
382.8
134.1
248.8
250.4
978.6
237.4
942.4
-37.2
869.6
377.7
130.2
247.8
248.6
954.9
234.8
929.2
-31.5
874.0
381.3
133.5
248.0
250.9
963.4
235.6
935.3
-34.1
878.5
382.9
133.6
249.5
250.3
974.7
237.1
941.0
-34.9
882.1
384.7
135.7
249.1
249.8
984.4
237.1
947.0
-40.3
885.8
382.3
133.8
248.7
250.5
992.1
239.9
946.3
-40.4
285.6
291.5
283.6
290.7
290.1
293.3
291.7
5,204.5
5,380.9
5,293.6
5,322.1
5,353.5
5,419.6
5,428.6
Addenda:
Energy goods and services'
Personal consumption
expenditures less food and
energy ...............................
6,6 0 9.9
1 ,0 3 2.4
6 ,6 2 5.7
1,0 1 2.9
6 ,5 1 3.8
975.9
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Noie Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.4.
Contributions to the percent change in real personal consumption expenditures are shown in table 8.3.
D -8
National D ata
February 2003
3. Governm ent Current Receipts and Expenditures
Table 3.1. Government Current Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
2001
2002
2001
IV
Current receipts..........................................................................................................................................
2 ,9 9 2.3
Personal tax and nontax receipts............................................................................................................
Corporate profits tax accruals..................................................................................................................
Indirect business tax and nontax accruals............................................................................................
Contributions for social insurance..........................................................................................................
1,292.1
199.3
774.8
726.1
1,118.1
Current expenditures................................................................................................................................
Consumption expenditures......................................................................................................................
Transfer payments (net)...
To persons.....................
To the rest of the world (net)
Net interest paid................
Interest paid............................................................................................................................................
To persons and business..................................................................................................................
To the rest of the world.....................................................................................................................
Less: Interest received by government...............................................................................................
Less: Dividends received by government...............................................................................................
Subsidies less current surplus of government enterprises.................................................................
Subsidies.................................................................................................................................................
Less: Current surplus of government enterprises............................................................................
Less: Wage accruals less disbursements...............................................................................................
2002
I
II
III
IV
2,986.1
2 ,8 6 5.7
2 ,8 7 6.7
2 ,8 8 1.5
1,136.8
202.4
786.2
740.4
1,121.8
213.7
795.1
746.1
1,107.3
214.7
806.9
752.5
1,106.6
800.1
749.7
1,309.7
170.6
779.9
725.8
2,951.6
3 ,1 2 4.8
2 ,994.9
3 ,0 6 7.3
3 ,1 1 7.4
3 ,1 3 4.6
3 ,179.9
1,522.2
1,146.6
1,137.0
9.6
236.0
341.1
260.4
80.7
105.1
.4
47.3
55.3
8.0
.0
1,620.9
1,266.3
1,252.0
14.3
206.3
314.1
1,551.8
1,186.3
1,171.0
15.3
219.9
326.1
250.2
75.9
106.2
.4
37.5
46.1
8.6
.0
1,584.0
1,240.2
1,217.4
22.8
206.6
312.7
238.7
74.0
106.2
.4
37.0
46.4
9.4
.0
1,611.6
1,258.3
1,247.7
10.6
212.8
319.5
244.9
74 7
106.7
.5
35.1
46.0
11.0
.0
1,629.4
1,272.8
1,263.1
9.7
203.8
312.2
239.4
72.8
108.4
.5
29.1
46.6
17.5
.0
1,658.5
1,293.9
1,279.8
14.1
202.1
312.0
Current surplus or deficit ( - ) , national income and product accounts.....................................
4 0.7
Social insurance funds..............................................................................................................................
Other..........................................................................................................................................................
93.2
-52.5
107.8
.5
31.8
45.8
14.1
.0
55.6
- 8 .9
-2 0 1 .6
-2 4 0 .7
-2 5 3 .1
76.3
-8 5 1
63.9
-265 5
49.6
-2 90 3
51.7
-3 04 9
-105.6
-8 .9
224.2
34.7
345.0
10.6
-305.6
-201.6
226.5
35.8
355.5
10.8
-341.3
-240.7
228.6
29.7
348.2
10.6
-350.0
-253.1
230.5
35.7
351.7
11.4
812.1
759.7
109.9
.5
25.9
44.3
18.4
.0
57.1
Addenda:
Net lending or net borrowing ( - ) .........................................................................................................
Current surplus or deficit (-), national income and product accounts......................................
Plus: Consumption of fixed capital.................................................................................................
Plus: Capital transfers received (net)..............................................................................................
Less: Gross investment....................................................................................................................
Less: Net purchases of nonproduced assets................................................................................
-46.9
40.7
222.4
35.4
335.8
9.6
229.5
32.9
352.2
11.0
232.6
30.4
353.4
11.0
February 2003
Su r v ey
D -9
C u r r en t B usiness
of
Table 3.2. Federal Government Current Receipts and Expenditures
Table 3.3. State and Local Government Current Receipts and
Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
2001
2002
2001
I
IV
Current receipts................
2 ,0 0 8 .4
Personal tax and nontax
receipts..................................
Income taxes.........................
Nontaxes................................
Corporate profits tax accruals.
Federal Reserve banks........
Other......................................
Indirect business tax and
nontax accruals....................
Excise taxes...........................
Customs duties....................
Nontaxes................................
Contributions for social
insurance...............................
Current expenditures......
Seasonally adjusted at annual rates
2002
II
III
2001
IV
1,9 9 2.3
1 ,8 8 4.7
1 ,8 8 3.7
1 ,8 7 4.0
1,010.9
1,000.3
10.6
170.2
27.1
143.2
850.3
840.9
9.4
1,025.5
1,015.1
10.4
142.9
24.3
118.6
874.8
864.8
10.0
170.5
22.7
147.8
856.6
847.0
9.6
180.2
23.2
157.0
837.5
828.4
9.1
181.1
22.2
158.8
832.5
823.5
9.0
110.3
66.3
20.6
23.4
110.3
69.4
20.3
20.6
107.3
64.9
19.9
22.5
108.4
68.4
18.8
21.2
110.2
69.9
19.4
20.9
112.4
69.8
22.4
20.2
110.1
69.5
20.6
20.0
716.9
740.3
716.6
731.1
736.7
743.0
750.3
1 ,9 3 6.4
2,0 7 3.9
1 ,9 7 1.0
2 ,0 3 0.5
2 ,0 7 9.3
2,0 7 4.6
2 ,1 1 1.2
528.4
842.2
832.6
9.6
586.3
930.7
916.5
14.3
543.6
870.9
855.6
15.3
566.3
916.9
894.1
22.8
581.0
927.6
917.0
10.6
589.8
934.1
924.4
9.7
608.0
944.4
930.4
14.1
277.4
238.1
257.8
177.2
80.7
305.7
208.2
228.9
289.4
221.6
242.1
166.2
75.9
292.3
208.5
228.3
154.2
74.0
309.6
214.9
234.6
159.9
74.7
305.0
205.8
226.8
154.0
72.8
315.8
203.8
226.1
Consumption expenditures....
Transfer payments (net)..........
To persons............................
To the rest of the world (net)
Grants-in-aid to State and local
governments.........................
Net interest paid.......................
Interest paid..........................
To persons and business.
To the rest of the world....
Less: Interest received by
government......................
Subsidies less current surplus
of government enterprises..
Subsidies..............................
Less: Current surplus of
government enterprises...
Less: Wage accruals less
disbursements......................
19.7
20.7
20.5
19.8
19.7
21.0
22.3
50.3
47.5
43.0
45.0
45.5
43.1
46.6
44.9
46.3
45.5
39.9
45.0
39.0
44.6
-2 .8
2.1
-2 .4
-1 .7
-.7
5.0
5.6
.0
.0
.0
.0
.0
.0
.0
Current surplus or deficit
( - ) , national income
and product accounts..
72.0
Social insurance funds............
Other...........................................
93.3
-21.3
55.7
21.3
-1 4 5 .8
-1 9 5 .6
-2 0 0 .7
76.4
-55.1
64.1
-209.9
49.7
-245.3
51.8
-252.5
57.2
Addenda:
Net lending or net borrowing
( - ) ......................................
Current surplus or deficit
(-), national income and
product accounts.........
Plus: Consumption of
fixed capital...................
Plus: Capital transfers
received (net)................
Less:Gross investment...
Less: Net purchases of
nonproduced assets ..
58.9
3.3
72.0
21.3
-169.5
-145.8
-223.2
-195.6
-223.7
-200.7
98.7
101.9
99.7
100.6
101.3
102.2
103.5
-12.9
99.7
-19.1
107.2
-14.3
103.4
-18.3
105.7
-21.8
107.1
-16.8
107.9
-19.5
107.9
-.7
.2
.1
.2
-.1
.6
.1
Current receipts................
Personal tax and nontax
receipts..................................
Income taxes.........................
Nontaxes...............................
Other......................................
Corporate profits tax accruals.
Indirect business tax and
nontax accruals....................
Sales taxes............................
Property taxes......................
Other......................................
Contributions for social
insurance..............................
Federal grants-in-aid................
2002
2001
1,2 6 1.3
2002
IV
I
II
III
IV
1 ,2 8 3 .2
1 ,2 7 3.3
1,3 0 2.5
1,3 1 2.6
281.2
218.7
41.9
20.6
29.1
267.8
202.0
45.1
20.7
284.3
220.5
43.1
20.7
27.7
262.0
197.4
43.9
20.7
32.0
265.3
199.9
44.7
20.7
33.5
269.9
203.7
45.5
20.7
33.7
274.1
206.9
46.4
20.8
664.4
321.2
257.4
85.8
689.8
333.6
267.8
88.4
672.5
326.0
261.0
85.6
677.8
327.4
263.5
86.9
684.9
330.6
265.9
88.3
694.5
337.2
268.6
88.7
702.0
339.0
273.2
89.8
9.2
277.4
9.4
305.7
9.2
289.4
9.3
292.3
9.4
309.6
9.4
305.0
9.5
315.8
Current expenditures......
1 ,2 9 2.6
1 ,3 5 6 .6
1 ,3 1 3.3
1,329.1
1 ,3 4 7.6
1 ,3 6 5.0
1 ,3 8 4.5
Consumption expenditures....
Transfer payments to persons.
Net interest paid.......................
Interest paid..........................
Less: Interest received by
government......................
Less: Dividends received by
government...........................
Subsidies less current surplus
of government enterprises..
Subsidies..............................
Less: Current surplus of
government enterprises...
less: Wage accruals less
disbursements.....................
993.7
304.4
-2.1
83.3
1,034.6
335.6
-1 .9
85.2
1,008.2
315.4
84.0
1,017.7
323.4
-1 .9
84.5
1,030.6
330.7
-2 .0
84.9
1,039.6
338.7
-2 .0
85.4
1,050.5
349.4
-1 .8
85.9
85.4
87.1
85.7
86.4
87.0
87.4
87.7
.4
.5
.4
.4
.5
.5
.5
-3.1
7.8
-11.2
.8
-8.1
2.9
-9 .6
1.4
-11.2
.5
-10.8
1.7
-13.1
-.4
10.9
12.0
11.0
11.0
11.7
12.5
12.8
.0
.0
.0
.0
.0
.0
.0
-3 0 .2
-5 5 .8
-4 5 .1
-5 2 .5
-.2
-30.0
-.2
-55.6
-.1
-44.9
-.1
-52.4
-105.8
-108.8
-136.1
-118.1
-126.3
-31.3
-30.2
-55.8
-45.1
-52.5
128.3
129.1
Current surplus or deficit
( - ) , national income
and product accounts..
-3 1 .3
Social insurance funds............
Other..........................................
-.1
-31.2
-.1
-1 .8
-.1
Addenda:
Net lending or net borrowing
H ......................................
Current surplus or deficit
(-), national income and
product accounts.........
Plus: Consumption of
fixed capital...................
Plus: Capital transfers
received (net)................
Less:Gross investment...
Less: Net purchases of
nonproduced assets....
123.7
127.6
124.5
125.9
127.3
48.3
236.2
52.0
245.0
49.0
241.7
54.1
249.7
51.5
241.1
52.5
243.8
49.8
245.4
10.3
10.8
10.5
10.6
10.7
10.9
10.9
D -10
National Data
February 2003
Table 3.7. Government Consumption Expenditures and Gross Investment
by Type
Table 3.8. Real Government Consumption Expenditures and Gross
Investment by Type
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
2002
Government consumption
expenditures and gross
investm ent1..................
Fe d e ra l.........................................
National defense..................
Consumption
expenditures.................
Durable goods2...........
Nondurable goods.......
Services.........................
Compensation of
general
government
employees, except
own-account
investment3.........
Consumption of
general
government fixed
capital4.................
Other services..........
Gross investment............
Structures.....................
Equipment and software
N ondefense............................
Consumption
expenditures.................
Durable goods2...........
Nondurable goods.......
Commodity Credit
Corporation
inventory change.Other nondurables....
Services.........................
Compensation of
general
government
employees, except
own-account
investment3.........
Consumption of
general
government fixed
capital4.................
Other services..........
Gross investment............
Structures.....................
Equipment and software
2001
2002
2001
IV
Seasonally adjusted at annual rates
I
II
III
IV
1 ,8 5 8.0
628.1
399 .9
1,973.1
693.5
447 .5
1 ,8 9 6 .8
646.9
412.8
1 ,9 3 9 .5
672.0
431 .7
1 ,9 5 9 .8
688.2
442.1
1,981.1
697.7
451 .2
2 ,0 1 1 .9
716.0
464 .8
344.5
24.2
10.5
309.8
386.6
25.2
11.5
349.9
356.0
24.0
11.3
320.7
372.1
24.7
10.9
336.5
382.5
24.9
11.7
345.9
388.9
26.3
350.6
402.9
25.0
11.4
366.6
143.7
154.4
143.9
152.7
155.0
155.8
154.0
63.5
102.5
55.5
5.4
50.0
64.2
131.3
60.9
5.3
55.6
63.6
113.2
56.8
5.7
51.1
63.8
59.7
5.1
54.6
64.0
127.0
59.6
5.4
54.2
64.3
130.5
62.4
5.4
57.0
64.8
147.8
61.9
5.4
56.5
228 .2
246.0
234.1
2 40.3
246.1
246 .5
251.2
120.0
12.0
205.1
1.5
9.4
Government consumption
expenditures and gross
investm ent' ...................
Federal.........................................
National defense..................
Consumption
expenditures.................
Durable goods2............
Nondurable goods.......
Services.........................
Compensation of
general
government
employees, except
own-account
investment3..........
Consumption of
general
government fixed
capital4.................
Other services..........
Gross investment............
Structures.....................
Equipment and software
N ondefense............................
Consumption
expenditures.................
Durable goods2............
Nondurable goods.......
Commodity Credit
Corporation
inventory change..
Other nondurables...
Services.........................
Compensation of
general
government
employees, except
own-account
investment3..........
Consumption of
general
government fixed
capital4.................
Other services..........
Gross investment............
Structures.....................
Equipment and software
184.0
1.3
8.7
199.7
1.4
9.4
187.5
1.4
8.2
194.2
1.4
8.6
198.6
1.4
10.1
200.9
1.4
9.4
.8
7.9
174.0
-.2
9.6
188.9
.0
8.3
177.9
- .2
.3
9.8
187.1
- .2
-.6
8.8
184.3
9.6
190.1
194.3
95.2
104.4
95.6
101.7
102.7
104.6
108.7
28.7
50.1
44.2
10.4
33.8
30.8
53.7
46.3
12.3
34.0
29.5
52.8
46.6
11.6
35.0
30.0
52.6
46.1
13.3
32.8
30.5
53.9
47.5
12.1
35.4
31.0
54.5
45.5
11.3
34.3
31.6
53.9
46.1
12.4
33.7
State and lo c a l...........................
1 ,2 2 9.9
1,2 7 9.6
1 ,2 4 9 .8
1 ,2 6 7 .5
1 ,2 7 1 .6
1 ,2 8 3 .3
1 ,2 9 5.9
State and lo c a l..........................
Consumption expenditures..
Durable goods2...............
Nondurable goods...........
Services.............................
Compensation of
general government
employees, except
own-account
investment3.............
Consumption of general
government fixed
capital4.....................
Other services...............
Gross investment.................
Structures..........................
Equipment and software..
993.7
18.3
118.7
856.7
1,034.6
19.4
121.1
894.1
1,008.2
18.8
113.9
875.5
1,017.7
19.1
115.3
883.3
1,030.6
19.3
120.2
891.1
1,039.6
19.5
122.6
897.5
1,050.5
19.7
126.4
904.4
700.4
733.9
718.1
723.9
730.1
737.1
744.4
95.4
60.9
236.2
177.6
58.6
99.9
60.2
245.0
188.5
56.5
97.3
60.1
241.7
183.1
58.6
98.6
60.8
249.7
192.5
57.2
99.6
61.3
241.1
184.4
56.6
100.4
59.9
243.8
187.4
56.4
101.1
58.8
245.4
189.5
55.9
Consumption expenditures.
Durable goods2 ...............
Nondurable goods...........
Services.............................
Compensation of
general government
employees, except
own-account
investment3..............
Consumption of general
government fixed
capital4.....................
Other services...............
Gross investment.................
Structures..........................
Equipment and software..
Residual.....................................
952.1
240.5
711.6
1,006.3
260.7
745.6
970.7
241.2
729.5
991.9
256.2
735.7
1,001.2
259.6
741.6
1,011.3
262.5
748.9
1,020.9
264.5
756.4
10.0
Addenda:
Compensation of general
government employees3
Federal...............................
State and local5...............
1. Gross government investment consists of general government and government enterprise expenditures for
fixed assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for
goods transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new own-account investment and related expenditures
for goods and services are classified as investment in structures and in software. The compensation of all general
government employees is shown in the addenda.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a
partial measure of the value of the services of general government fixed assets; use of depreciation assumes a
zero net return on these assets.
5. Beginning with 2001, in accordance with the Consolidated Appropriations Act of 2001, includes compensa
tion of employees of Indian tribal governments reclassified from the private sector.
2002
2001
2002
IV
I
II
III
IV
1 ,6 4 0 .4
570.6
366.0
1 ,7 1 2 .8
6 12.9
4 00 .0
1,6 7 4.5
587.2
3 78.0
1,6 9 7.3
597.8
388 .5
1 ,703.3
608.7
395.8
1 ,715.6
615.1
402.5
1,735.1
630.2
4 13.3
308.9
24.3
9.9
275.1
336.9
25.3
11.4
300.5
319.1
24.2
11.3
284.0
326.7
24.8
11.5
290.7
333.9
24.9
11.7
297.6
338.0
26.4
11.6
300.5
349.1
25.1
10.8
313.3
121.2
123.4
121.3
122.4
123.8
124.3
122.9
62.4
91.7
57.3
4.6
53.0
62.6
114.9
63.5
4.4
59.6
62.4
100.6
59.0
4.7
54.6
62.4
106.2
62.2
4.2
58.5
62.5
111.6
62.2
4.5
58.2
62.6
113.8
65.0
4.4
61.1
62.8
128.2
64.4
4.4
60.5
2 04 .4
213 .0
209.1
209.3
212.9
212.7
2 17.0
161.1
1.5
8.9
167.6
1.7
8.5
163.7
1.6
7.8
164.3
1.7
7.8
166.5
1.7
9.6
167.9
1.7
8.3
171.6
1.8
8.2
1.7
7.2
151.6
-.1
8.6
157.5
.0
7.8
154.4
-.4
8.3
154.6
.8
8.8
155.8
-.1
8.4
157.9
-.6
8.9
161.5
79.0
80.7
79.0
79.4
79.2
80.4
83.8
28.0
45.4
43.6
8.9
35.4
30.1
47.7
45.8
10.3
35.9
28.8
47.6
45.9
9.9
36.6
29.3
47.0
45.4
11.3
34.4
29.8
47.9
47.0
10.2
37.3
30.3
48.3
45.1
9.5
36.3
30.9
47.7
45.6
10.4
35.7
1 ,0 6 9 .4
1 ,1 0 0 .0
1,087.1
1 ,0 9 9.3
1,0 9 4.7
1,1 0 0.6
1 ,105.3
856.8
18.3
108.7
731.1
881.2
19.3
113.0
750.5
870.7
18.7
110.7
742.7
875.9
19.0
111.8
746.6
879.4
19.2
112.6
749.2
883.0
19.4
113.3
751.9
886.4
19.6
114.1
754.3
589.6
601.8
597.6
599.4
600.8
602.6
604.4
88.7
53.2
212.8
148.6
65.9
-6 .8
92.6
56.8
218.9
155.1
64.7
-7 .0
90.2
55.3
216.5
151.7
66.4
-6 .5
91.4
56.5
223.7
159.4
65.0
-6 .2
92.2
56.8
215.3
151.9
64.6
-7 .7
93.0
57.0
217.6
153.9
64.7
-7.3
93.7
56.9
219.0
155.4
64.3
-6.6
800.5
201.6
598.9
817.0
205.6
611.4
808.7
201.7
607.0
812.4
203.4
609.1
814.8
204.5
610.3
818.6
206.4
612.2
822.3
208.2
614.1
Addenda:
Compensation of general
government employees3.
Federal...............................
State and local5...............
Note Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the
lines in the addenda.
See footnotes to table 3.7.
Chain-type quantity indexes for the series in this table are shown in table 7.11.
Contributions to percent change in real government consumption expenditures and gross investment are
shown in table 8.6.
February 2003
Su r v e y
D -1 1
C u r r en t B usiness
of
Table 3.10. National Defense Consumption Expenditures and Gross
Investment
Table 3.11. Beal National Defense Consumption Expenditures and Gross
Investment
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
2002
2001
IV
2002
I
II
2001
III
IV
National defense
consumption
expenditures and gross
investm ent1.................
Consumption expenditures....
Durable goods2....................
399.9
344.5
24.2
447.5
386.6
25.2
412 .8
356.0
24.0
431 .7
372.1
24.7
442.1
382.5
24.9
451.2
388.9
26.3
Aircraft...............................
Missiles.............................
Ships..................................
Vehicles.............................
Electronics.........................
Other durable goods........
11.2
2.5
1.2
1.0
3.0
5.3
11.3
2.7
1.3
1.1
3.1
5.6
11.4
2.1
1.1
1.0
3.1
5.3
11.1
2.6
1.3
1.0
3.1
5.6
11.3
2.5
1.3
1.1
3.2
5.5
Nondurable goods................
10.5
11.5
11.3
10.9
Petroleum products.........
Ammunition......................
Other nondurable goods..
4.0
2.1
4.4
4.2
2.5
4.8
3.6
2.1
5.6
3.8
2.4
4.7
Services...................................
309.8
349.9
320.7
3 36.5
Compensation of general
government employees,
except own-account
investment3.................
Military...........................
Civilian...........................
Consumption of general
government fixed
capital4.........................
Other services...................
Research and
development.............
Installation support......
Weapons support.........
Personnel support.......
Transportation of
material.....................
Travel of persons.........
Other..............................
2002
2001
IV
2002
I
II
III
IV
464.8
402 .9
25.0
National defense
consumption
expenditures and gross
investm ent1...................
Consumption expenditures....
Durable goods2.....................
366 .0
308 .9
24.3
400 .0
336 .9
2 5.3
378.0
319.1
24.2
388.5
3 26.7
24.8
3 95.8
3 33 .9
24.9
4 02.5
338 .0
26.4
413.3
349.1
25.1
11.6
3.0
1.5
1.0
3.3
5.8
11.4
2.9
1.2
1.2
2.8
5.5
Aircraft...............................
Missiles.............................
Ships..................................
Vehicles.............................
Electronics.........................
Other durable goods........
11.2
2.5
1.2
.8
3.4
5.2
11.3
2.7
1.3
.8
3.6
5.6
11.5
2.1
1.1
.8
3.6
5.3
11.1
2.6
1.3
.8
3.6
5.6
11.2
2.6
1.3
.8
3.7
5.5
11.6
3.0
1.5
.8
3.9
5.8
11.3
2.9
1.2
1.0
3.3
5.5
11.7
12.0
11.4
Nondurable goods................
9.9
11.4
11.3
11.5
11.7
11.6
10.8
4.3
2.6
4.8
4.7
2.7
4.6
4.0
2.4
5.0
Petroleum products.........
Ammunition......................
Other nondurable goods..
3.4
2.1
4.2
4.3
2.6
4.5
3.7
2.2
5.3
4.6
2.5
4.4
4.4
2.7
4.5
4.5
2.8
4.3
3.6
2.5
4.6
345.9
350.6
366.6
Services...................................
275.1
300.5
284.0
290.7
297.6
300.5
313.3
121.2
80.7
40.7
123.4
83.7
39.9
121.3
81.4
40.0
122.4
83.0
39.6
123.8
84.0
40.0
124.3
84.5
40.1
122.9
83.3
39.8
62.4
91.7
62.6
114.9
62.4
100.6
62.4
106.2
62.5
111.6
62.6
113.8
62.8
128.2
26.9
23.4
10.7
23.4
37.5
25.6
15.9
28.6
31.2
24.7
12.2
24.8
33.7
24.8
13.9
26.3
36.7
24.5
14.9
27.6
35.6
26.4
16.6
29.4
43.9
26.8
18.0
31.0
4.6
4.1
-1 .7
4.5
3.9
-1 .6
4.7
4.2
-1.5
4.5
3.8
-1 .4
4.5
3.8
-1.1
4.5
3.9
-3 .2
4.6
4.1
-.7
143.7
94.1
49.6
154.4
102.0
52.3
143.9
94.8
49.1
152.7
101.2
51.4
155.0
102.4
52.5
155.8
103.0
52.8
154.0
101.4
52.6
63.5
102.5
64.2
131.3
63.6
113.2
63.8
120.0
64.0
127.0
64.3
130.5
64.8
147.8
29.6
25.5
12.2
28.0
41.9
28.6
18.3
35.5
34.6
27.0
14.0
30.2
37.5
27.2
16.0
32.2
40.9
27.1
17.2
34.2
40.0
29.6
19.2
36.6
49.4
30.3
20.8
38.8
4.9
4.2
-2 .0
4.9
4.0
-1 .9
5.1
4.3
-1 .9
4.8
4.0
-1 .7
4.9
4.0
-1.3
5.0
4.0
-3 .9
5.1
4.2
-.9
Compensation of general
government employees,
except own-account
investment3..................
Military..........................
Civilian...........................
Consumption of general
government fixed
capital4..........................
Other services..................
Research and
development............
Installation support......
Weapons support.........
Personnel support.......
Transportation of
material.....................
Travel of persons.........
Other..............................
Gross investm ent......................
Structures...............................
Equipment and s o ftw a re ....
55.5
5.4
50.0
60.9
5.3
55.6
56.8
5.7
51.1
59.7
5.1
54.6
59.6
5.4
54.2
62.4
5.4
57.0
61.9
5.4
56.5
Gross investm ent......................
Structures...............................
Equipment and softw are....
57.3
4 .6
53.0
63.5
4 .4
59.6
5 9.0
4 .7
54.6
62.2
4.2
58.5
6 2.2
4 .5
58.2
65.0
4.4
61.1
6 4.4
4 .4
60.5
Aircraft...............................
Missiles.............................
Ships..................................
Vehicles.............................
Electronics and software.
Other equipment..............
8.3
3.3
7.2
1.8
13.7
15.7
9.3
3.1
8.7
2.7
14.9
16.8
8.0
3.0
7.3
2.0
14.3
16.4
8.6
3.6
8.1
2.1
14.9
17.2
9.0
3.1
8.5
2.8
14.7
16.2
9.9
2.6
8.9
3.0
15.3
17.1
9.9
3.2
9.0
3.0
14.8
16.7
Aircraft...............................
Missiles.............................
Ships..................................
Vehicles.............................
Electronics and software.
Other equipment...............
Residual.....................................
9.6
3.5
7.1
1.9
15.3
15.5
-.7
11.2
3.4
8.5
2.9
17.0
16.5
-1 .2
9.6
3.2
7.3
2.1
16.1
16.1
-.8
10.4
3.9
8.1
2.2
16.9
17.0
-1 .3
10.8
3.4
8.4
2.9
16.7
15.9
-.9
11.9
2.9
8.7
3.2
17.5
16.8
-1.5
11.7
3.5
8.8
3.1
17.0
16.4
-1.1
144.3
155.3
144.6
153.6
155.9
156.8
154.9
121.7
124.1
121.8
123.1
124.5
125.1
123.6
Addendum:
Compensation of general
government employees3
1. Gross government investment consists of general government and government enterprise expenditures for
fixed assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for
goods transferred to foreign countries.
3. Compensation of government employees engaged in new own-account investment and related expenditures
for goods and services are classified as investment in structures and in software. The compensation of all general
government employees is shown in the addendum.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a
partial measure of the value of the services of general government fixed assets; use of depreciation assumes a
zero net return on these assets.
Addendum:
Compensation of general
government employees3.
Norn. Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the
line in the addendum.
Chain-type indexes for the series in this table are shown in table 7.12.
See footnotes to table 3.10.
D -1 2
National D ata
February 2003
4. Foreign Transactions
Table 4.1. Foreign Transactions in the National Income and Product
Accounts
Table 4.2. Real Exports and Imports of Goods and Services and Receipts
and Payments of Income
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
Receipts from the rest of
the w o rld ........................
1,351.1
Exports of goods and services
Goods1..................................
Durable..............................
Nondurable........................
Services 1..............................
Income receipts........................
1,034.1
733.5
522.4
211.2
300.6
316.9
Payments to the rest ot
the w o rld ........................
1,351.1
Imports of goods and services
Goods1..................................
Durable..............................
Nondurable........................
Services 1..............................
Income payments....................
Transfer payments (net)..........
From persons (n et).............
From government (net).......
From business......................
Net foreign investment............
1,383.0
1,167.2
754.4
412.8
215.8
295.0
49.8
31.1
9.6
9.1
-376.7
2002
1,017.6
705.9
495.5
210.4
311.7
1,435.7
1,190.0
770.0
420.0
245.7
55.7
32.4
14.3
9.1
Seasonally adjusted at annual rates
2002
2001
2001
IV
I
II
III
1 ,2 4 0.0
1 ,2 4 2 .2
1,294.1
1 ,3 2 5.9
971.1
687.7
481.8
205.8
283.4
269.0
977.5
679.8
477.2
202.6
297.7
264.7
1,018.1
709.4
499.3
210.0
308.8
276.0
1,038.6
722.6
509.5
213.1
316.0
287.3
1,2 4 0.0
1 ,2 4 2.2
1,294.1
1,3 2 5.9
1,315.6
1,098.3
721.0
377.3
217.3
233.7
54.6
30.6
15.3
8.8
-363.9
1,337.5
1,102.3
732.4
369.9
235.2
262.8
63.5
31.5
22.8
9.2
-421.7
1,443.7
1,202.9
781.6
421.3
240.8
296.1
51.5
31.9
10.6
9.0
-497.2
1,471.5
1,220.9
783.8
437.2
250.6
298.2
51.8
32.9
9.7
9.2
-495.6
1,036.2
711.9
495.9
216.0
324.3
1,490.1
1,233.8
782.3
451.5
256.2
56.1
33.1
14.1
8.9
1.
Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified
from goods to services.
2002
IV
2001
2002
IV
I
II
III
IV
Exports of goods and services
1,076.1
1 ,0 6 1.7
1,0 2 1.8
1,0 3 0.6
1 ,0 6 5.5
1 ,0 7 7.7
1 ,0 7 3 .0
Goods1..................................
Durable..............................
Nondurable.......................
Services1..............................
785.2
558.3
226.7
292.0
759.4
531.8
227.4
301.9
744.6
517.3
227.1
278.2
738.1
512.3
225.7
292.2
765.8
536.3
229.3
299.7
773.5
546.6
226.7
304.0
760.3
532.1
227.9
311.6
Income re c eip ts ........................
Imports of goods and services
292 .0
1 ,4 9 2.0
1 ,5 4 3.9
247.4
1,447.2
242.8
1,477.1
251.8
1 ,5 5 2.9
261.3
1,5 6 5.7
1,5 7 9.9
Goods1..................................
Durable..............................
Nondurable........................
Services 1..............................
1,270.5
865.6
402.3
222.4
1,317.2
900.2
413.9
226.6
1,238.7
838.2
397.1
208.9
1,250.0
856.0
391.5
225.5
1,329.2
912.5
414.3
224.3
1,340.3
915.5
421.7
226.0
1,349.2
917.0
428.2
230.7
Income payments......................
269.2
213.1
239.2
268.2
269.5
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified
from goods to services.
Note Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive.
Chain-type quantity indexes for the series in this table are shown in table 7.9.
February 2003
Su r v ey
Table 4.3. Exports and Imports of Goods and Services by Type of Product
[Billions of dollars]
Table 4.4. Real Exports and Imports of Goods and Services by Type of
Product
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
2002
2001
IV
Exports of goods and
services...........................
Exports of goods1....................
I
II
III
971.1
687.7
977.5
679.8
1,018.1
709 .4
1,0 3 8.6
722.6
1,0 3 6.2
711.9
49.4
49.3
49.7
49.7
48.6
49.5
49.6
155.3
57.1
98.2
153.6
56.0
97.6
147.2
53.6
93.6
144.9
53.5
91.3
155.6
57.2
98.4
156.3
56.9
99.4
157.7
56.4
101.2
321.7
293.5
288.7
284.4
294.1
301.7
293.6
52.6
51.4
48.1
49.4
50.2
56.4
49.9
47.6
221.6
38.7
203.3
41.8
198.9
39.0
196.0
38.6
205.4
37.8
207.5
39.4
204.3
75.4
78.5
74.3
73.8
80.4
82.5
77.4
88.3
46.5
41.9
43.3
84.9
44.4
40.5
46.1
84.5
43.6
40.9
43.3
82.2
43.1
39.2
44.8
84.2
44.3
39.9
46.4
86.0
45.1
40.9
46.7
87.3
45.3
42.0
46.4
300.6
311.7
283.4
297.7
308.8
316.0
324.3
11.2
73.1
18.0
28.3
38.7
108.1
23.2
11.4
70.7
17.5
28.1
42.0
117.1
24.9
11.6
58.9
14.5
26.7
38.7
110.2
22.7
11.1
68.7
16.7
26.9
40.4
110.5
23.5
11.6
69.3
16.8
27.7
42.6
115.9
24.7
11.1
70.9
18.2
28.4
42.3
119.6
25.6
11.6
74.0
18.4
29.3
42.8
122.3
25.9
1 ,3 8 3.0
1,1 6 7.2
1,4 3 5.7
1 ,1 9 0.0
1,3 1 5.6
1,0 9 8.3
1 ,3 3 7.5
1 ,1 0 2.3
1,4 4 3.7
1 ,2 0 2.9
1,4 7 1.5
1 ,2 2 0.9
1,490.1
1 ,2 3 3.8
46.6
49.5
47.1
47.5
49.4
50.4
50.8
164.8
80.0
84.8
103.6
158.7
80.4
78.3
104.0
149.0
75.9
73.1
81.0
149.5
77.5
71.9
76.7
159.0
79.5
79.5
108.1
163.5
82.2
81.3
110.7
162.8
82.3
80.5
120.6
298.0
283.8
272.3
277.4
288.4
285.3
284.2
31.4
25.4
32.5
29.0
24.9
22.2
25.5
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
Foods, feeds, and beverages
Industrial supplies and
materials, except
petroleum and products..
Durable goods..................
Nondurable goods...........
Petroleum and products
Capital goods, except
automotive.........................
Civilian aircraft, engines,
and parts.......................
Computers, peripherals,
and parts.......................
Other.................................
Automotive vehicles,
engines, and parts...........
Consumer goods, except
automotive.........................
Durable goods..................
Nondurable goods...........
Other......................................
Imports of s ervic es 1...............
Direct defense expenditures
Travel......................................
Passenger fares....................
Other transportation............
Royalties and license fees...
Other private services..........
Other......................................
74.0
192.6
75.7
182.8
68.5
171.3
75.6
172.7
76.6
186.9
74.7
188.4
75.7
183.0
189.8
204.2
187.5
190.4
207.5
210.0
208.7
284.5
146.7
137.8
79.9
307.0
160.3
146.8
82.7
278.6
143.9
134.8
82.8
285.4
149.4
136.0
75.4
307.2
164.5
142.7
83.2
315.0
163.2
151.8
86.0
320.5
164.0
156.5
86.3
215.8
245 .7
217.3
235 .2
240.8
250.6
256.2
15.2
60.1
22.4
38.8
16.4
54.6
8.3
18.8
60.4
21.3
39.1
19.0
78.4
8.7
17.4
51.8
17.8
36.0
16.4
69.5
8.4
17.4
58.8
20.5
36.1
18.9
74.9
8.6
18.4
59.2
20.6
39.6
18.0
76.4
8.6
19.4
61.4
21.9
39.5
19.2
80.4
8.7
19.9
62.2
22.4
41.2
19.8
82.0
8.8
Addenda:
Exports of agricultural
goods2..............................
Exports of nonagricultural
goods .................................
Imports of nonpetroleum
goods.................................
54.9
54.2
55.8
55.1
54.1
53.4
54.4
678.6
651.7
631.8
624.7
655.3
669.1
657.5
1,063.6
1,086.0
1,017.3
1,025.6
1,094.7
1,110.2
1,113.3
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 nondu
rable nonautomotive consumer goods.
2001
IV
1,0 1 7.6
705.9
Exports of services 1...............
services..........................
Imports of g o o d s '....................
Seasonally adjusted at annual rates
2002
1,034.1
733.5
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......................................
D -13
C u r r e n t B usiness
of
Exports of goods and
services..........................
Exports of goods 1.....................
Foods, feeds, and beverages
Industrial supplies and
materials............................
Durable goods..................
Nondurable goods...........
Capital goods, except
automotive.......................
Civilian aircraft, engines,
and parts.......................
Computers, peripherals,
and parts * ....................
Other..................................
Automotive vehicles,
engines, and parts...........
Consumer goods, except
automotive.......................
Durable goods..................
Nondurable goods...........
Other......................................
1,076.1
785.2
2002
1 ,0 6 1.7
759.4
2002
2001
IV
I
II
III
IV
1 ,0 2 1.8
744.6
1,0 3 0.6
738.1
1 ,0 6 5.5
765.8
1,0 7 7.7
773.5
1 ,0 7 3.0
760.3
62.3
60.7
63.1
63.4
61.3
59.4
58.7
162.2
61.7
100.4
162.7
60.4
102.1
159.8
58.6
101.0
158.5
58.5
99.8
165.8
62.0
103.6
163.1
60.9
101.9
163.5
60.4
102.9
355.8
327.2
320.9
316.0
327.7
336.8
328.3
44.8
42.6
40.4
41.2
41.7
46.6
40.9
75.4
238.6
64.6
220.8
67.7
215.4
63.9
212.2
63.8
222.9
63.6
225.5
67.1
222.5
73.4
76.1
72.3
71.7
78.1
79.9
74.7
87.9
46.0
41.9
44.5
85.0
44.2
40.8
47.4
83.9
43.1
40.8
44.9
82.3
42.7
39.6
46.6
84.5
44.2
40.3
47.9
86.0
44.8
41.2
47.7
87.2
45.0
42.2
47.2
Exports of services 1................
292.0
301 .9
278 .2
292.2
2 99.7
3 04.0
3 11 .6
Transfers under U.S. military
agency sales contracts....
Travel .....................................
Passenger fares....................
Other transportation............
Royalties and license fees...
Other private services
Other......................................
Residual.....................................
11.5
65.5
17.0
26.6
35.6
119.1
19.3
-7.5
11.8
64.1
16.0
26.4
38.2
127.4
21.1
-3 .0
12.1
53.9
13.7
25.6
35.5
122.3
19.0
-7 .6
11.6
62.9
15.8
26.2
37.0
121.8
19.8
-4.1
12.1
62.7
15.8
26.2
38.8
126.4
20.9
-3 .2
11.6
64.2
15.8
26.3
38.4
129.3
21.7
-1.1
12.0
66.7
16.7
26.8
38.7
132.0
22.0
-3.5
1 ,4 9 2.0
1,2 7 0.5
1 ,5 4 3.9
1 ,3 1 7.2
1,4 4 7.2
1 ,2 3 8.7
1,477.1
1 ,2 5 0.0
1 ,5 5 2.9
1 ,3 2 9.2
1,5 6 5.7
1 ,3 4 0.3
1 ,5 7 9.9
1 ,3 4 9.2
51.7
54.3
52.6
53.2
54.6
55.0
54.3
160.9
81.0
79.7
89.2
165.2
84.5
80.5
86.7
158.5
80.7
86.7
160.8
82.7
78.0
82.3
165.1
83.3
81.6
88.6
169.1
85.9
83.0
85.5
165.9
86.3
79.5
90.4
400.0
393.0
371.5
382.1
398.2
394.9
396.9
Imports of goods and
services..........................
Imports of goods1.....................
Foods, feeds, and beverages
Industrial supplies and
materials, except
petroleum and products..
Durable goods..................
Nondurable goods...........
Petroleum and products
Capital goods, except
automotive.......................
Civilian aircraft, engines,
and parts.......................
Computers, peripherals,
and parts * ....................
Other..................................
Automotive vehicles,
engines, and parts...........
Consumer goods, except
automotive.......................
Durable goods..................
Nondurable goods...........
Other......................................
111
27.3
21.7
28.1
25.0
21.4
18.9
21.7
138.4
236.6
153.0
229.2
135.8
211.3
150.9
215.9
153.0
234.5
151.3
236.2
157.1
230.3
186.7
200.2
184.2
187.3
203.8
205.9
204.0
298.9
159.6
139.4
79.8
326.0
177.3
149.1
83.4
294.2
157.8
136.6
83.6
302.4
164.6
138.1
76.4
326.4
181.7
145.4
84.0
334.4
180.6
154.0
86.6
340.8
182.2
158.7
86.4
Imports of s ervices1................
2 22.4
226.6
208.9
225.5
224.3
226.0
230 .7
Direct defense expenditures
Travel.....................................
Passenger fares....................
Other transportation............
Royalties and license fees...
Other private services
Other......................................
Residual.....................................
17.5
63.5
17.7
33.6
15.0
69.8
8.0
-2 .5
20.8
61.1
16.1
35.0
17.3
70.4
8.3
-5 .0
21.0
63.1
16.0
33.1
17.3
69.0
8.4
-5.2
21.0
60.9
15.7
35.9
16.4
68.4
8.2
-5.5
20.2
54.7
13.9
32.5
15.1
66.7
8.2
.8
20.6
60.0
15.5
35.1
17.5
71.2
8.2
-5 .3
20.8
60.1
16.9
36.0
17.9
72.8
8.2
-3 .7
Addenda:
Exports of agricultural
goods2..............................
Exports of nonagricultural
goods................................
Imports of nonpetroleum
goods................................
70.5
68.6
72.7
72.3
70.3
65.8
65.9
714.9
691.2
673.1
667.1
696.0
707.4
694.2
1,177.1
1,226.8
1,148.1
1,164.1
1,236.5
1,252.3
1,254.2
* Because of rapid changes in relative prices, the chained-dollar estimates for computers are especially
misleading as a measure of the contribution or relative importance of this component.
Note. Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. For exports and for imports, the residual line is the difference between the aggregate line and the sum of the
most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.10.
Contributions to the percent change in real exports and in real imports of goods and services are shown in table
8.5.
See footnotes to table 4.3.
D -14
National Data
February 2003
5. Saving and Investm ent.
Table 5.1. Gross Saving and investment
[Billions of dollars]
Seasonally adjusted at annual rates
2001
Gross saving......................................................................................................................................
Gross private saving................................................................................................................................
Personal saving......................................................................................................................................
Undistributed corporate profits with inventory valuation and capital consumption adjustments
Undistributed profits..........................................................................................................................
Inventory valuation adjustment.......................................................................................................
Capital consumption adjustment.....................................................................................................
Corporate consumption of fixed capital..............................................................................................
Noncorporate consumption of fixed capital.......................................................................................
Wage accruals less disbursements....................................................................................................
Gross government saving........................................................................................................................
Federal......................................................................................................................................................
Consumption of fixed capital...........................................................................................................
Current surplus or deficit (-), national income and product accounts......................................
State and local........................................................................................................................................
Consumption of fixed capital...........................................................................................................
Current surplus or deficit (-), national income and product accounts......................................
Gross investment..............................................................................................................................
Gross private domestic investment.........................................................................................................
Gross government investment.................................................................................................................
Net foreign investment..............................................................................................................................
Statistical discrepancy....................................................................................................................
Addendum:
Gross saving as a percentage of gross national product.................................................................
2001
2002
1 ,6 6 2 .4
1 ,3 9 9.3
169.7
122.7
61.2
5.0
56.5
789.1
317.7
308.2
.0
263.1
.0
129.1
827.4
336.3
2002
1 ,6 1 4 .4
1 ,3 9 9.0
1 .6 0 3.2
1 .5 7 8.3
1 .6 0 4 .0
1.616.1
1,5 7 3.7
1.5 9 6.4
61.5
223.0
10.8
27.2
185.1
792.6
321.9
270.4
171.0
303.0
118.6
16.1
-15.1
117.6
836.1
338.7
345.3
1.9
156.3
808.3
328.6
314.3
140.5
13.5
-5 .7
132.8
826.1
335.1
.0
12.8
.0
24.9
.0
-1 2 .1
.0
- 2 2 .7
99.7
21.3
94.3
124.5
-30.2
-45.2
100.6
-145.8
70.1
125.9
-55.8
-94.3
101.3
-195.6
82.2
127.3
-45.1
-98.4
102.2
-200.7
75.8
128.3
-52.5
1,4 8 1.8
1 ,4 9 3.2
1 .4 3 9.0
1 .4 5 3.4
1,500.7
345.0
-363.9
1.559.4
355.5
-421.7
1.588.0
348.2
-497.2
1,597.3
351.7
-495.6
-1 1 7 .3
-1 3 2 .6
-
110.0
-1 6 5 .0
-1 2 0 .3
16.5
15.8
15.5
15.5
15.0
170.7
98.7
72.0
92.4
123.7
-31.3
101.9
"127.6
1,545.1
1,586.0
335.8
-376.7
1,586.3
352.2
.0
215.3
121.1
109.9
839.1
342.7
103.5
129.1
1,600.5
353.4
Table 5.4. Private Fixed Investment by Type
Table 5.5. Real Private Fixed Investment by Type
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
Private fixed investment.
Nonresidential............................
Structures...............................
2002
2001
Seasonally adjusted at annual rates
2002
2001
IV
I
II
III
IV
1 ,6 4 6.3
1,2 0 1.6
324.5
1 ,5 8 7 .8
1 ,1 1 6.9
269 .3
1 ,5 9 7.2
1,1 4 9.8
302.3
1 ,5 8 9 .4
1 ,1 2 6 .8
288.3
1 ,5 8 4 .6
1 ,1 1 5.8
275.2
1 ,5 7 9.7
1 ,1 0 9.8
259.4
1 ,5 9 7 .5
1,115.1
254.4
216.3
55.0
178.9
53.3
200.4
54.4
192.4
56.3
182.3
53.9
171.1
51.5
169.6
51.5
42.7
10.5
30.6
6.5
40.4
7.2
32.3
7.3
31.7
7.3
31.0
5.8
27.6
5.7
Nonresidential buildings,
including farm...............
Utilities..............................
Mining exploration, shafts,
and wells.......................
Other structures...............
877.1
847.6
847 .4
838.5
8 40.7
850.4
860.7
Equipment and softw are....
404.3
399.9
385.5
388.7
397.1
406.9
407.0
74.2
180.4
149.8
159.0
165.8
148.0
74.4
183.2
142.4
151.9
148.5
147.3
69.3
178.9
137.3
149.8
168.3
143.8
71.9
177.2
139.6
153.4
154.1
142.3
72.8
181.0
143.3
150.5
145.2
148.0
76.8
186.3
143.8
153.3
141.7
148.5
75.9
188.3
142.8
150.3
153.0
150.3
R esidential..................................
Structures...............................
444 .8
435 .4
470 .9
4 61 .4
447 .4
438 .0
4 62.6
453 .0
4 68.7
459 .2
469 .9
4 60 .4
482 .4
4 72 .8
Single family.....................
Multifamily.........................
Other structures..............
232.1
30.7
172.7
246.2
33.6
181.6
234.3
31.8
171.9
241.1
34.2
177.7
244.3
34.2
180.7
245.3
33.4
181.7
253.9
32.4
186.5
Equipm ent..............................
9.3
9.6
9.4
9.5
9.6
9.5
9.6
Nonresidential buildings,
including farm..............
Utilities..............................
Mining exploration, shafts,
and wells.......................
Other structures..............
Equipment and s o ftw a re ....
Information processing
equipment and software
Computers and
peripheral
equipment1..............
Software2....................
Other..............................
Industrial equipment........
Transportation equipment
Other..................................
1. Includes new computers and peripheral equipment only.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
Private fixed investment
N onresidential..........................
Structures...............................
2002
2001
2002
IV
I
II
III
IV
1 ,6 2 7.4
1,255.1
270.9
1,576.1
1 ,1 8 2.8
226.5
1,578.4
1 ,2 0 6.4
252.7
1 ,576.4
1 ,1 8 8.4
243.2
1,572.6
1,181.1
231.7
1,5 7 1.6
1,1 7 8.7
218.2
1,5 8 3.6
1,1 8 3.2
212.9
178.7
50.3
145.3
47.5
163.5
49.3
157.1
50.8
148.2
48.4
139.1
45.6
137.0
45.4
34.0
9.3
29.3
5.6
34.8
6.3
30.2
6.3
30.3
6.3
29.9
5.0
26.7
4.9
988.2
970.4
960.3
953.7
961.4
977.2
989.3
548.5
563.4
531.8
540.4
557.0
575.2
580.8
239.9
182.0
163.9
153.8
163.6
140.7
284.1
186.1
157.9
146.6
146.6
139.2
243.3
180.6
151.2
144.7
165.4
136.2
262.1
179.0
154.1
148.3
151.5
134.6
271.6
184.3
158.5
145.6
143.4
140.1
297.6
189.4
159.7
147.9
141.7
140.3
304.9
191.9
159.2
144.8
149.8
141.9
Residential..................................
Structures...............................
373 .5
3 64 .0
387.6
377 .9
371.0
361.5
383.6
3 73.9
386.1
376.4
387.1
377.4
393.6
383.8
Single family.....................
Multifamily.......................
Other structures...............
192.6
24.4
146.9
199.9
26.3
151.5
191.3
25.1
145.1
197.2
27.0
149.6
198.4
26.8
151.0
199.8
26.2
151.3
204.4
25.1
154.2
Information processing
equipment and software
Computers and
peripheral
equipment1..............
Software2......................
Other..............................
Industrial equipment.......
Transportation equipment
Other..................................
Equipm ent..............................
9.5
9.7
9.6
9.7
9.7
9.7
9.8
Residual.....................................
-62.2
-99.5
-68.0
-81.1
-90.0
-111.6
-116.4
1. Includes new computers and peripheral equipment only. Because of rapid changes in relative prices, the
chained-dollar estimates for computers are especially misleading as a measure of the contribution or relative
importance of this component; accurate estimates of these contributions are shown in table 8.4.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
N o te Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines.
Chain-type quantity indexes for the series in this table are shown in table 7.6.
Contributions to the percent change in real private fixed investment are shown in table 8.4.
February 2003
Survey
D -15
C u r r e n t B usiness
of
Table 5.10B. Change in Private Inventories by Industry
Table 5.11B. Real Change in Private Inventories by Industry
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
2002
2001
IV
Change in private
inventories....................
Farm...........................................
Construction, mining, and
utilities...................................
Manufacturing...........................
Durable goods industries....
Nondurable goods industries
Wholesale trade.......................
Durable goods industries....
Nondurable goods industries
Retail trade.................................
Motor vehicle dealers..........
Food and beverage stores...
General merchandise stores
Other retail stores.................
Other industries.......................
2001
2002
I
II
III
IV
- 1 .5
-9 6 .5
-2 9 .9
3 .4
17.6
3.0
1.6
-.7
3.0
5.3
.4
-2 .3
-6.4
7.6
-35.9
-29.3
-6 .5
-15.6
-19.7
4.0
-20.7
-15.5
.6
-.5
-5.3
2.7
-.1
-11.3
-11.1
-.2
-6.5
-4 .0
-2.5
14.6
10.4
-.5
.3
4.3
2.6
4.7
-39.6
-34.3
-5 .3
-25.4
-26.6
1.3
-41.5
-34.7
1.3
-3 .3
2.3
1.6
-31.1
-25.4
-5 .8
-19.5
-16.2
-3 .3
13.8
13.9
-2 .2
-4 .5
6.7
.0
-1.1
-14.2
-14.9
.6
-9 .0
-7 .4
-1 .6
22.2
15.4
.1
.0
6.8
5.1
-2 .5
-2 .7
-10.2
7.6
7.1
6.1
.9
15.6
4.6
1.7
2.6
6.6
2.3
1.6
2.9
6.3
-3 .4
-4 .5
1.5
-6.1
6.6
7.8
-1.4
3.3
-3 .0
2.9
-60.3
-65.0
-1.5
-.2
-96.5
-95.0
-29.9
-20.3
3.4
-4 .8
17.6
4.8
3.0
19.3
4.7
-61.9
-1.3
-.8
-1 .5
-99.5
-9 .7
-35.3
8.2
3.0
12.7
19.8
-16.3
9.4
-75.5
8.6
-133.4
-37.1
13.4
38.1
19.9
13.6
-15.6
-12.6
-9 .3
-6.5
-7 .0
33.9
-25.4
-21.9
1.8
-19.5
-16.2
-10.4
-9 .0
-8 .4
-18.2
7.1
3.9
-10.5
-4 .5
-7 .3
Addenda:
Change in private inventories
Durable goods industries.
Nondurable goods
industries......................
Nonfarm industries..............
Nonfarm change in book
value 1...........................
Nonfarm inventory
valuation adjustment2.
Wholesale trade....................
Merchant wholesale trade
Durable goods
industries..................
Nondurable goods
industries..................
Nonmerchant wholesale
trade..............................
-16.8
-4 .7
-23.2
-14.2
-7.1
3.8
-1 .3
4.2
-2.3
1.3
-2.1
-1 .3
.1
-5 .9
-3.1
.5
-3 .5
-3 .3
-.6
3.2
2.7
1. This series is derived from the Census Bureau series “current cost inventories.”
2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business
incomes. The IVA in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) under
lying inventories derived primarily from Census Bureau statistics (see footnote 1). This mix differs from that
underlying business income derived primarily from Internal Revenue Service statistics.
Note. Estimates in this table are based on the North American Industry Classification System (NAICS).
2001
IV
-6 0 .3
-4 .7
2002
Change in private
inventories....................
Farm..........................................
Construction, mining, and
utilities...................................
Manufacturing...........................
Durable goods industries....
Nondurable goods industries
Wholesale trade.......................
Durable goods industries....
Nondurable goods industries
Retail trade................................
Motor vehicle dealers
Food and beverage stores...
General merchandise stores
Other retail stores.................
Other industries.......................
Residual.....................................
2002
II
I
III
-6 1 .4
-.5
-9 8 .4
-2 8 .9
4.9
18.8
3.3
2.0
-.3
3.6
6.4
.8
-2 .2
-6.4
6.4
-36.2
-30.1
-6 .3
-16.5
-21.8
4.3
-20.3
-15.5
.5
-.4
-5 .2
2.6
2.1
.0
-11.4
-11.2
-.3
-6 .3
-2.1
14.4
10.5
-.4
.3
4.3
2.5
.4
4.3
-40.2
-35.2
-5.1
-26.8
-29.9
1.9
-40.6
-34.8
1.1
-3.2
-4.7
2.3
1.3
1.6
-31.9
-25.9
-6 .0
-19.8
-17.0
-3 .2
13.8
14.0
-2 .0
-4 .4
6.7
.0
.9
-1 .0
-14.1
-15.0
.8
-8 .7
-7 .7
-1 .3
22.0
15.6
.1
.0
6.7
5.0
.9
-2.3
-2 .6
-10.3
7.4
7.9
6.5
1.6
15.5
4.7
1.6
2.6
6.6
2.3
.3
1.5
2.9
6.3
-3 .2
-4 .6
1.4
-5.4
6.3
7.8
-1.3
3.1
-2 .9
2.8
-.4
-61.4
-67.9
-.5
-.1
-98.4
-99.3
-28.9
-20.3
4.9
-4 .4
18.8
5.0
3.3
19.5
4.8
-63.2
-16.5
-13.3
-.3
-.2
-6 .3
-6 .9
-.8
-101.5
-26.8
-23.3
-8 .8
-35.1
-19.8
-16.4
9.0
4.2
-8.7
-8 .2
13.6
20.8
7.9
4.6
-15.1
9.4
-4 .6
-7 .5
-18.7
-5 .0
-26.1
-14.8
-7.5
4.0
-1 .8
4.5
-1 .9
1.9
-2 .0
-.9
.8
-5 .4
-3 .2
.5
-3.6
-3 .4
-.6
3.2
2.8
-4 2
Addenda:
Change in private inventories
Durable goods industries
Nondurable goods
industries......................
Nonfarm industries..............
Wholesale trade....................
Merchant wholesale trade
Durable goods
industries..................
Nondurable goods
industries..................
Nonmerchant wholesale
trade..............................
IV
Note Estimates in this table are based on the North American Industry Classification System (NAICS). Chained
(1996) dollar series for real change in private inventories are calculated as the period-to-period change in
chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual
rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corre
sponding 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 -16
National D ata
Table 5.12B. Private Inventories and Domestic Final Sales by Industry
[B illio n s o f d o lla rs ]
IV
Table 5.13B. Real Private Inventories and Real Domestic Final Sales by
Industry
[Billions of chained (1996) dollars]
Seasonally adjusted quarterly totals
2001
February 2003
Seasonally adjusted quarterly totals
2002
I
II
III
2001
IV
2002
IV
Private inventories1...............................
Farm ......................................................................
Construction, m ining, and u tilitie s ..............
M anufacturing....................................................
Durable goods in d u s trie s ..........................
Nondurable goods in d u s trie s ...................
W holesale tra d e ................................................
Durable goods in d u s trie s ..........................
N ondurable goods in d u s trie s ...................
Retail tra d e ..........................................................
M otor vehicle d ealers..................................
Food and beverage s to re s .........................
General m erchandise s to re s ......................
Other retail store s.........................................
Other in d u s trie s ................................................
Addenda:
Private inventories........................................
Durable goods industries.......................
Nondurable goods industries................
Nonfarm industries......................................
Wholesale tra d e .............................................
Merchant wholesale tra d e ......................
Durable goods in du strie s..................
Nondurable goods in du strie s...........
Nonm erchant w holesale tra d e .............
Final sales of domestic business2....
Final sales of goods and structures of
domestic business2 ...........................
Ratios of private inventories to final sales
of domestic business:
Private inventories to final sales..............
Nonfarm inventories to final sa le s...........
Nonfarm inventories to final sales of
goods and stru cture s..............................
1,430.1
100.8
39.3
451.9
282.0
170.0
337.3
198.5
138.8
388.9
118.3
33.5
63.9
173.3
111.9
1 ,4 2 9.4
104.7
39.5
447.0
275.8
171.2
334.5
194.5
140.0
392.4
121.1
33.1
62.6
175.6
111.4
1,438.1
104.0
41.9
445.7
273.2
172.5
335.1
193.6
141.6
398.0
124.5
32.9
62.7
177.9
113.4
1,4 4 6.9
100.1
41.3
447.9
270.2
177.7
341.2
195.1
146.1
402.3
125.1
33.4
63.3
180.4
114.1
1,4 5 1.9
103.5
43.8
447.4
271.3
176.1
338.7
195.2
143.5
403.3
125.6
33.1
64.4
180.2
115.1
1,430.1
676.9
753.2
1,329.4
337.3
290.3
171.1
119.3
47.0
7 18.5
1,429.4
671.5
757.9
1,324.7
334.5
287.4
167.6
119.9
47.0
7 23.8
1,438.1
672.3
765.8
1,334.1
335.1
287.5
166.6
120.9
47.6
724.7
1,446.9
672.9
774.0
1,346.8
341.2
292.1
167.6
124.5
49.1
732.6
1,451.9
675.3
776.6
1,348.4
338.7
289.3
167.0
122.3
49.5
737.6
386.4
387.2
382.7
386.6
387.0
1.99
1.85
1.97
1.83
1.98
1.84
1.98
1.84
1.97
1.83
3.44
3.42
3.49
3.48
3.48
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from
current-dollar inventories in this table is not the current-dollar change in the private inventories component of
GDP. The former is the difference between two inventory stocks, each valued at its respective end-of-quarter
prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In
addition, changes calculated from this table are at quarterly rates, whereas, the change in private inventories is
stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less
gross product of households and institutions and of general government, and it includes a small amount of final
sales by farm and by government enterprises.
Note. Estimates in this table are based on the North American Industry Classification System (NAICS).
Private inventories 1..............................
F a rm ....................................................................
Construction, m ining, and u tilitie s ..............
M anufacturing....................................................
Durable goods in d u strie s..........................
Nondurable goods in d u s trie s ...................
W holesale tra d e ................................................
Durable goods in d u strie s..........................
Nondurable goods in d u s trie s ...................
Retail trade..........................................................
M o to r vehicle d ealers..................................
Food and beverage s to re s .........................
General merchandise sto re s......................
Other retail stores.........................................
Other in d u s trie s................................................
Residual..............................................................
Addenda:
Private inventories........................................
Durable goods in d u s trie s ......................
Nondurable goods in d u s trie s ..............
Nonfarm in d u s trie s .....................................
W holesale trade.............................................
M erchant wholesale tra d e ......................
Durable goods in du strie s..................
Nondurable goods in d u strie s...........
N onm erchant wholesale tra d e .............
Final sales of domestic business2. ..
Final sales of goods and structures of
domestic business2...........................
Ratios of private inventories to final sales
of domestic business:
Private inventories to final sales..............
Nonfarm inventories to final sales...........
Nonfarm inventories to final sales of
goods and s tru c tu re s .............................
I
1 ,4 5 8.7
106.0
40.0
459.6
286.7
172.8
357.6
217.3
139.2
381.3
118.9
30.5
62.1
169.4
112.4
II
1 ,4 5 1.5
107.6
40.4
451.7
280.3
171.3
352.6
213.1
138.4
384.7
122.4
30.0
61.1
171.1
112.4
III
1,4 5 2.7
107.8
40.2
448.1
276.5
171.5
350.4
211.2
138.1
390.2
126.3
30.1
61.1
172.8
113.7
IV
1 ,4 5 7.4
107.2
39.6
447.5
273.9
173.3
352.4
212.8
138.5
394.1
127.5
30.5
61.7
174.4
114.3
1 ,4 5 8.2
105.7
40.0
448.2
275.5
172.5
351.3
213.1
137.1
395.7
129.4
30.1
62.5
173.7
115.0
3.4
3.4
3.4
3.7
3.6
1,458.7
701.6
754.5
1,351.8
357.6
308.5
187.7
119.9
49.2
661.4
1,451.5
696.5
752.3
1,343.1
352.6
304.4
184.0
119.4
48.3
665.3
1,452.7
695.4
754.6
1,344.1
350.4
302.3
182.1
119.2
48.2
6 64.6
1,457.4
696.6
758.0
1,349.3
352.4
303.5
183.1
119.4
49.0
670.6
1,458.2
701.5
754.2
1,351.6
351.3
301.6
182.6
118.1
49.6
672.5
371 .6
373.3
369.2
373.3
373.0
2.21
2.04
2.18
2.02
2.19
2.02
2.17
2.01
2.17
2.01
3.64
3.60
3.64
3.61
3.62
1. Inventories are as of the end of the quarter. The quarter-to-quarter changes calculated from this table are at
quarterly rates, whereas the change in private inventories component of GDP is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less
gross product of households and institutions and of general government, and it includes a small amount of final
sales by farm and by government enterprises.
N ote. Estimates in this table are based on the North American Industry Classification System (NAICS). Chained
(1996) dollar inventory series are calculated to ensure that the chained (1996) dollar change in inventories for
1996 equals the current-dollar change in inventories for 1996 and that the average of the 1995 and 1996 end-ofyear chain-weighted and fixed-weighted inventories are equal. Chained (1996) dollar final sales are calculated as
the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided
by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corre
sponding 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.
February 2003
Survey
of
D -1 7
C u r r en t B u siness
6. Income and Em ploym ent by Industry
Table 6.1C. National Income Without Capital Consumption Adjustment by
Industry Group
Table 6.16C. Corporate Profits by Industry Group
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
National income without
capital consumption
adjustm ent.....................
Domestic industries.................
Private industries.................
Agriculture, forestry, and
fishing............................
Mining................................
Construction.....................
Manufacturing..................
Durable goods..............
Nondurable goods.......
Transportation and public
utilities...........................
Transportation...............
Communications..........
Electric, gas, and
sanitary services......
Wholesale trade................
Retail trade.......................
Finance, insurance, and
real estate.....................
Services.............................
Governm ent............................
Rest of the w o rld .......................
2002
2001
8,0 5 3.5
8,0 3 1.5
6,9 6 9.4
7.972.8
7 ,937.6
6,8 5 7.4
8 .073.8
8 .0 7 1.9
6 ,9 7 0.6
8.158.0
8.178.1
7.067.0
8,235.0
8,245.9
7,124.6
111.1
69.5
438.9
1,132.2
640.5
491.8
110.6
60.8
435.0
1,075.3
597.0
478.3
116.8
58.2
439.3
1.092.9
610.3
482.6
102.8
57.5
440.6
1,126.8
634.2
492.6
108.4
57.5
443.9
1.140.8
641.3
499.4
529.9
236.6
148.4
496.1
226.0
137.1
508.5
231.0
139.8
514.3
233.8
135.9
513.7
238.0
135.8
144.9
458.4
686.1
132.9
452.7
686.1
137.6
457.4
695.2
144.6
463.9
705.5
139.9
467.9
706.3
1,571.1
1,972.0
1.578.9
1,961.8
1,613.2
1,989.1
1.649.0
2,006.6
1.652.8
2.033.3
1,062.1
21.9
1,080.2
35.2
1 ,1 0 1.4
1.9
1 111.1 1 .121.3
.
-2 0 .0
Note. Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
2001
2002
2002
2001
2002
-1 0 .9
Corporate profits with
inventory valuation and
capital consumption
adjustments.................
Domestic industries................
Financial................................
Nonfinancial..........................
Rest of the world.....................
Receipts from the rest of the
world..................................
Less: Payments to the rest of
the world...........................
Corporate profits with
inventory valuation
adjustment...................
Domestic industries................
Financial................................
Federal Reserve banks....
Other..................................
Nonfinancial..........................
Manufacturing..................
Durable goods.............
Primary metal
industries.............
Fabricated metal
products................
Industrial machinery
and equipment....
Electronic and other
electric equipment
Motor vehicles and
equipment............
Other..........................
Nondurable goods.......
Food and kindred
products................
Chemicals and allied
products................
Petroleum and coal
products................
Other..........................
Transportation and public
utilities...........................
Transportation...............
Communications..........
Electric, gas, and
sanitary services......
Wholesale trade................
Retail trade........................
Other..................................
Rest of the world.....................
731.6
580.9
8 11.4
6 46.7
7 97.6
665.6
7 85 .0
669.9
771 .0
654.9
173.5
407.4
197.8
449.0
213.2
452.4
210.7
459.3
207.3
447.6
150.8
164.7
1 32.0
115.1
116.1
172.4
156.1
161.4
173.4
185.9
21.6
-8.5
29.4
58.3
675.1
524.4
6 26.3
4 61.6
200.1
6 41 .3
5 09.3
652.2
537.1
653.4
537.3
218.2
23.4
194.8
291.1
68.9
2.5
218.5
23.9
194.6
318.6
91.9
17.8
216.1
22.9
193.2
321.2
100.5
190.6
27.9
162.8
333.7
83.4
9.9
25.0
175.2
261.5
50.9
-14.9
22.8
-1 .6
-2 .2
.5
9.0
6.8
5.2
5.8
4.7
1.3
- .6
-7 .5
-4 .9
-2 .9
-.1
-3 .2
-8 .4
-6 .2
-.9
4.0
-9 .4
15.7
73.5
-13.3
9.7
65.8
11.8
19.7
66.4
-4.4
20.0
74.1
- 6 .6
16.6
18.3
18.9
19.2
21.0
15.2
18.5
15.1
16.7
17.0
25.7
16.0
19.4
9.5
14.1
18.3
15.4
22.8
17.4
22.3
27.7
-5 .8
6.5
-5.1
- 11.2
15.0
-.5
-9 .3
17.1
-1 .7
-12.7
13.2
-.3
-13.1
32.2
44.8
79.1
98.8
22.7
46.9
80.5
76.7
24.8
41.2
81.4
84.6
31.4
44.8
78.9
26.5
44.5
82.5
80.6
150.8
164.7
132.0
115.1
116.1
1.2
-
86.0
Non. Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
19.5
77.6
D -1 8
National D ata
February 2003
7. Quantity and Price Indexes
Table 7.1. Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1996=100]
Seasonally adjusted
2001
2002
2001
Seasonally adjusted
2002
2001
IV
I
II
III
IV
129.04
117.94
109.42
109.42
133.65
120.77
110.66
110.66
129.95
118.37
109.78
109.78
132.00
119.84
110.14
110.14
132.81
120.21
110.48
110.48
134.47
121.41
110.76
110.76
135.31
121.63
111.24
111.25
133.40
121.76
109.56
109.56
139.40
125.50
111.07
111.07
135.56
123.42
109.84
109.84
136.98
124.37
110.14
110.14
138.51
124.92
110.89
110.89
140.54
126.20
111.36
111.36
141.55
126.51
111.90
111.89
Durable goods:
Current dollars.....................................
Chain-type quantity index..................
Chain-type price index.......................
Implicit price deflator..........................
134.30
122.49
109.63
109.64
129.88
119.76
108.45
108.45
132.47
122.07
108.52
108.52
133.93
122.03
109.75
109.75
134.49
122.35
109.92
109.92
136.30
123.51
110.35
110.35
134.88
117.98
114.32
114.32
141.60
120.57
117.44
117.45
136.95
118.69
115.39
115.38
138.83
119.54
116.15
116.14
140.78
120.32
117.00
117.00
142.63
121.01
117.88
117.88
144.16
121.40
118.75
118.75
127.62
126.71
100.76
100.73
127.65
127.37
100.22
100.22
120.77
119.93
100.73
100.70
125.49
125.05
100.35
100.35
127.78 128.54 128.79
127.46 128.59 128.38
100.24 99.96 100.31
100.25 99.96 100.32
135.76
134.20
101.16
101.16
130.93
129.96
100.74
100.74
131.71
130.16
101.19
101.19
131.06
129.99
100.82
100.82
130.66
129.68
100.76
100.76
131.73
130.59
100.87
100.88
119.70
100.66
118.93
118.92
134.38
112.30
119.66
119.67
128.16
108.09
118.56
118.57
122.30 115.29 113.07
102.97 96.97 94.62
118.77 118.89 119.50
118.78 118.90 119.50
Current d ollars...................................
Chain-type quantity index.................
Chain-type price index......................
Implicit price deflator.......................
117.53
114.18
102.94
102.94
121.87
118.03
103.26
103.25
110.81
108.77
101.89
101.87
116.38
114.24
101.90
101.87
120.72
117.18
103.04
103.02
123.56
118.87
103.97
103.95
126.81
121.82
104.12
104.10
Current dollars.......................................
Chain-type quantity index.....................
Chain-type price in d ex..........................
Implicit price deflator............................
143.60 149.07 136.60 138.87 149.90 152.78 154.71
154.91 160.30 150.26 153.37 161.24 162.56 164.04
92.70 93.02 90.97 90.61 93.03 94.05 94.38
92.70 92.99 90.91 90.55 92.97 93.98 94.32
Current dollars ...................................
Chain-type quantity index.................
Chain-type price index......................
Implicit price deflator........................
144.39 147.21 135.87 136.36 148.81 151.04 152.64
157.18 162.95 153.24 154.63 164.44 165.81 166.91
91.87 90.36 88.71 88.24 90.55 91.15 91.50
91.87 90.34 88.66 88.19 90.49 91.09 91.45
Current d ollars...................................
Chain-type quantity index.................
Chain-type price index......................
Implicit price deflator........................
139.44
143.71
97.03
97.03
158.75
146.43
108.46
108.41
140.41
134.98
104.08
104.02
151.98
145.69
104.37
104.31
155.59
144.92
107.43
107.37
161.87
146.02
110.92
110.86
165.54
149.08
111.11
111.04
Current dollars.......................................
Chain-type quantity index.....................
Chain-type price in d ex..........................
Implicit price deflator............................
130.67
115.36
113.27
113.27
138.76
120.46
115.19
115.19
133.39
117.76
113.27
113.27
136.40
119.37
114.27
114.27
137.83
119.79
115.06
115.06
139.32
120.65
115.47
115.47
141.49
122.02
115.95
115.95
Current dollars...................................
Chain-type quantity index.................
Chain-type price index......................
Implicit price deflator.......................
118.16
107.33
110.09
110.09
130.45
115.31
113.13
113.14
121.70
110.46
110.18
110.18
126.42
112.46
112.42
112.41
129.46
114.50
113.07
113.06
131.25
115.71
113.44
113.43
134.69
118.54
113.62
113.62
Current dollars...............................
Chain-type quantity index............
Chain-type price index..................
Implicit price deflator....................
112.02
102.51
109.27
109.27
125.34
112.05
111.86
111.86
115.63
105.87
109.21
109.22
120.93
108.82
111.14
111.14
123.84
110.87
111.71
111.70
126.40
112.74
112.12
112.11
130.19
115.77
112.46
112.46
Current dollars...............................
Chain-type quantity index............
Chain-type price index..................
Implicit price deflator....................
130.72
117.10
111.64
111.63
140.91
121.99
115.52
115.52
134.12
119.78
111.99
111.97
137.64
119.91
114.79
114.79
140.95
121.93
115.61
115.60
141.18
121.83
115.89
115.89
143.88
124.27
115.78
115.78
138.13
120.11
115.01
115.01
143.72
123.54
116.33
116.33
140.37
122.09
114.97
114.97
142.35
123.47
115.29
115.29
142.82
122.95
116.17
116.16
144.14
123.62
116.60
116.60
145.55
124.14
117.24
117.24
State and local:
141.98
119.22
119.09
119.09
150.33
123.73
121.49
121.50
142.83
118.44
120.60
120.60
147.67
122.44
120.61
120.61
149.63
123.25
121.40
121.40
150.01
123.59
121.38
121.38
154.00
125.65
122.57
122.57
N ote. 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-
118.62 114.15 111.20 109.93 114.71 116.85 115.12
126.97 122.81 120.40 119.36 123.84 125.08 122.95
93.42 92.98 92.39 92.14 92.67 93.45 93.67
93.42 92.95 92.36 92.10 92.63 93.41 93.63
Nondefense:
130.05 125.67 125.65 124.32 124.65 126.09 127.61
146.51 143.88 142.39 141.41 142.55 144.88 146.68
88.76 87.36 88.26 87.93 87.46 87.04 87.01
88.76 87.34 88.25 87.92 87.44 87.03 87.00
Residential:
Current dollars.................................
Chain-type quantity index.............
Chain-type price index...................
Implicit price deflator.....................
Current dollars...................................
Chain-type quantity index.................
Chain-type price index.......................
Implicit price deflator.......................
National defense:
144.22
120.43
119.76
119.76
Equipment and software:
Current dollars............................
Chain-type quantity index..........
Chain-type price index................
Implicit price deflator.................
118.30 116.41 111.09 111.82 116.47 118.81 118.54
123.10 121.45 116.89 117.89 121.89 123.28 122.74
96.10 95.87 95.06 94.88 95.58 96.41 96.60
96.10 95.85 95.03 94.85 95.55 96.38 96.57
Federal:
133.59 124.18 127.83 125.28 124.06 123.39 123.97
139.55 131.51 134.13 132.13 131.32 131.05 131.55
95.73 94.43 95.31 94.82 94.48 94.17 94.25
95.73 94.42 95.31 94.81 94.47 94.16 94.24
Structures:
Current dollars............................
Chain-type quantity index
Chain-type price index................
Implicit price deflator.................
Current dollars.......................................
Chain-type quantity index.....................
Chain-type price in d ex..........................
Implicit price deflator............................
Government consumption expenditures
and gross investment:
130.27
129.60
100.52
100.52
Nonresidential:
Current dollars.................................
Chain-type quantity index.............
Chain-type price index...................
Implicit price deflator.....................
IV
Imports of services:
Fixed investment:
Current dollars.....................................
Chain-type quantity index..................
Chain-type price index.......................
Implicit price deflator..........................
III
Imports of goods:
Gross private domestic investment:
Current dollars........................................
Chain-type quantity index......................
Chain-type price index............................
Implicit price deflator.............................
II
Imports of goods and services:
129.68
118.79
109.17
109.17
Services:
Current dollars.....................................
Chain-type quantity index..................
Chain-type price index........................
Implicit price deflator..........................
I
Exports of services:
135.60 141.52 143.17 139.34 139.01 145.63 142.09
151.16 162.29 160.91 158.30 159.08 167.47 164.31
89.70 87.19 88.95 88.00 87.36 86.94 86.46
89.70 87.20 88.97 88.02 87.38 86.96 86.48
Nondurable goods:
Current dollars.....................................
Chain-type quantity index..................
Chain-type price index.......................
Implicit price deflator..........................
IV
Exports of goods:
Personal consumption expenditures:
Current dollars........................................
Chain-type quantity index......................
Chain-type price index............................
Implicit price deflator.............................
2002
2001
Exports of goods and services:
Gross domestic product:
Current dollars................................
Chain-type quantity index.............
Chain-type price index...................
Implicit price deflator.....................
2002
Current dollars ...................................
Chain-type quantity index.................
Chain-type price index......................
Implicit price deflator........................
to chained-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.
February 2003
Survey
of
D -19
C u r r en t B usiness
Table 7.2. Quantity and Price Indexes for Gross Domestic Product, Final
Sales, and Purchases
Table 7.4. Chain-Type Quantity and Price Indexes for Personal
Consumption Expenditures by Major Type of Product
[Index numbers, 1996=100]
[Index numbers, 1996=100]
Seasonally adjusted
Seasonally adjusted
2001
2002
2001
2002
I
IV
II
2001
III
2002
IV
IV
129.04
117.94
109.42
109.42
133.65
120.77
110.66
110.66
129.95
118.37
109.78
109.78
132.00
119.84
110.14
110.14
132.81
120.21
110.48
110.48
134.47
121.41
110.76
110.76
135.31
121.63
111.24
111.25
Final sales of domestic
product:
Current dollars.....................
Chain-type quantity index....
Chain-type price index
Implicit price deflator..........
130.31
118.95
109.55
109.55
134.18
121.10
110.80
110.80
131.69
119.81
109.91
109.91
132.89
120.51
110.28
110.27
133.28
120.49
110.62
110.62
134.76
121.51
110.91
110.91
135.80
121.91
111.40
111.39
132.00
121.50
108.65
108.65
137.43
125.04
109.91
109.91
132.84
122.06
108.84
108.83
135.07
123.74
109.15
109.15
136.70
124.53
109.77
109.77
138.43
125.72
110.11
110.11
139.53
126.15
110.60
110.61
133.27
122.52
108.78
108.78
137.98
125.38
110.05
110.05
134.57
123.50
108.97
108.97
135.96
124.42
109.28
109.28
137.18
124.82
109.90
109.90
138.74
125.84
110.25
110.25
140.03
126.44
110.75
110.75
101.79
420.15
24.23
24.23
90.91
474.67
19.28
19.15
96.08
431.75
22.28
22.25
87.91
423.11
20.80
20.78
86.34
436.31
19.81
19.79
94.26
504.33
18.71
18.69
95.14
534.91
17.80
17.79
129.32
116.43
111.08
111.07
134.08
119.15
112.52
112.53
130.29
116.84
111.51
111.51
132.44
118.31
111.94
111.94
133.28
118.66
112.32
112.32
134.87
119.73
112.65
112.65
135.72
119.90
113.19
113.19
132.27
119.61
110.59
110.58
137.74
122.87
112.09
112.10
133.17
120.11
110.88
110.87
135.38
121.68
111.25
111.25
137.03
122.43
111.92
111.92
138.72
123.51
112.32
112.32
139.83
123.87
112.88
112.88
Gross domestic purchases:
Current dollars.....................
Chain-type quantity index....
Chain-type price index
Implicit price deflator
Final sales to domestic
purchasers:
Current dollars.....................
Chain-type quantity index....
Chain-type price index
Implicit price deflator..........
Addenda:
Final sales of computers:1
Current dollars..................
Chain-type quantity index
Chain-type price index
Implicit price deflator
Gross domestic product less
final sales of computers:
Current dollars..................
Chain-type quantity index
Chain-type price index
Implicit price deflator
Gross domestic purchases
less final sales of
computers:
Current dollars..................
Chain-type quantity index
Chain-type price index
Implicit price deflator
Chain-type price indexes for
gross domestic product:
Food...................................
Energy goods and services
Gross domestic product
less food and energy....
Chain-type price indexes for
gross domestic
purchases:
Food...................................
Energy goods and services
Gross domestic purchases
less food and energy....
III
IV
124.92
159.08
126.20
167.47
126.51
164.31
I
II
Chain-type quantity indexes
Gross domestic product:
Current dollars.....................
Chain-type quantity index....
Chain-type price index
Implicit price deflator
2002
2001
110.45
114.15
112.60
104.61
111.58
108.19
112.23
105.15
112.31
104.09
112.71
103.44
113.13
105.74
109.17
110.66
109.65
110.10
110.51
110.81
111.24
111.48
116.41
113.58
109.10
112.62
104.96
113.29
102.60
113.40
109.54
113.58
110.56
114.06
113.72
108.05
109.58
108.62
109.01
109.42
109.75
110.14
1. For some components of final sales of computers, includes computer parts.
Note. Percent changes from preceding period for selected items in this table are shown in table 8.1.
Personal consumption
expenditures.............
Durable goods............................
121.76
151.16
Motor vehicles and parts....
Furniture and household
equipment.........................
Other......................................
Nondurable goods....................
Food.......................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods....................
Gasoline and oil................
Fuel oil and coal................
Other......................................
S ervices......................................
Housing..................................
Household operation...........
Electricity and gas...........
Other household operation
Transportation......................
Medical care..........................
Recreation.............................
Other......................................
125.50
162 .29
123.42
160.91
124.37
158.30
141.21
149.17
156.21
144.35
144.00
159.04
149.29
168.03
142.19
185.18
150.85
174.62
145.09
180.78
149.38
183.72
149.34
186.34
151.66
189.89
153.02
118.79
122.49
119.76
122.07
122.03
122.35
123.51
112.85
130.61
114.65
138.02
112.87
133.34
114.69
137.62
114.42
137.32
114.24
137.41
115.27
139.74
108.21
111.75
81.16
127.12
112.56
116.72
81.08
132.36
109.75
113.88
78.39
128.80
112.53
116.85
79.75
130.87
111.98
116.51
77.75
131.64
112.74
117.08
79.91
132.89
113.00
116.45
86.90
134.03
117.98
120 .57
118.69
119.54
120.32
121.01
121.40
112.09
120.60
104.46
131.68
117.24
115.21
122.07
125.12
113.92
120.65
104.18
131.99
116.91
120.16
124.27
127.79
112.56
119.04
101.13
131.45
116.07
117.25
122.91
125.99
113.14
120.18
103.65
131.57
117.17
118.29
123.31
126.83
113.71
120.68
103.79
132.34
116.88
119.67
124.09
127.59
114.19
121.24
105.40
132.14
116.63
120.87
124.10
128.42
114.65
120.48
103.89
131.92
116.94
121.81
125.58
128.33
106.37
108.56
105.63
108.28
108.07
109.23
108.66
124.42
128.64
126.55
127.23
127.98
129.56
129.78
111.36
86.94
111.90
86.46
Addenda:
Energy goods and services1
Personal consumption
expenditures less food and
energy...............................
Chain-type price indexes
Personal consumption
expenditures.............
Durable goods............................
109.56
89.70
111.07
87.19
1 09.84
88.95
110.14
8 8.00
110.89
8 7.36
Motor vehicles and parts....
Furniture and household
equipment.........................
Other......................................
99.84
98.37
99.79
98.86
98.10
98.30
98.23
76.92
96.08
72.74
95.27
75.28
95.88
74.02
95.61
73.29
95.48
72.29
95.13
71.36
94.85
Nondurable goods....................
109.17
1 09.63
108.45
108.52
109.75
109.92
110.35
Food.......................................
Clothing and shoes...............
Gasoline, fuel oil, and other
energy goods....................
Gasoline and oil................
Fuel oil and coal................
Other......................................
111.89
93.35
114.08
90.84
113.05
92.03
113.72
91.56
113.87
91.22
114.13
90.34
114.61
90.24
118.11
116.80
130.74
112.01
110.30
109.46
117.78
113.97
102.08
100.44
119.25
113.04
99.23
97.95
112.27
113.31
111.53
110.95
115.93
114.14
113.02
112.32
118.83
114.46
117.41
116.62
124.11
113.96
S ervices......................................
114.32
1 17 .44
115.39
116.15
117.00
117.88
118.75
117.15
106.18
114.84
101.45
108.08
114.27
116.58
116.35
121.75
105.32
108.62
103.47
110.21
117.41
120.07
119.88
119.08
105.08
109.92
102.41
108.20
115.53
117.80
117.51
120.34
104.71
107.83
102.95
108.92
116.16
118.43
118.44
121.35
104.71
108.42
102.65
110.10
116.90
119.71
119.44
122.21
105.63
108.64
103.94
110.52
117.73
120.57
120.47
123.11
106.22
109.60
104.33
111.28
118.85
121.55
121.17
116.62
109.56
105.72
103.22
110.14
111.04
113.85
108.78
110.64
109.52
109.91
110.42
110.91
111.33
Housing..................................
Household operation...........
Electricity and gas...........
Other household operation
Transportation......................
Medical care..........................
Recreation.............................
Other......................................
Addenda:
Table 7.3. Quantity and Price Indexes for Gross National Product and
Command-Basis Gross National Product
[Index numbers, 1996=100]
Energy goods and services1
Personal consumption
expenditures less food and
energy ...............................
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas
Gross national product:
Current dollars.....................
Chain-type quantity index....
Chain-type price index.........
Implicit price deflator..........
Less: Exports of goods and
129.02
117.96
109.39
109.38
130.10
118.54
109.75
109.74
131.72
119.62
110.11
110.11
132.25
119.73
110.45
110.45
134.02
121.03
110.73
110.73
122.04
112.94
113.25
117.17
119.16
125.93
117.44
118.00
120.18
121.96
118.51
119.19
120.30
120.16
121.43
services and income
receipts from the rest of the
world:
Chain-type quantity index....
Plus: Command-basis exports
of goods and services and
income receipts from the
rest of the world:
Chain-type quantity index....
Equals: Command-basis gross
national product:
Chain-type quantity index....
Note. Percent changes from preceding period for selected items in this table are shown in table 8.1.
National Data
D -2 0
February 2003
Table 7.6. Chain-Type Quantity and Price Indexes for Private Fixed
Investment by Type
Table 7.9. Chain-Type Quantity and Price Indexes for Exports and Imports
of Goods and Services and for Receipts and Payments of Income
[Index numbers, 1996=100]
[Index numbers, 1996=100]
Seasonally adjusted
Seasonally adjusted
2001
2002
2002
2001
IV
I
II
2001
III
2002
IV
IV
Chain-type quantity indexes
Private fixed
investm ent.................
Nonresidential............................
Structures...............................
N onresidential buildings,
including fa rm ................
U tilitie s ................................
M ining exploration, shafts,
and w e lls .........................
Other s tru c tu re s ................
Equipment and s o ftw a re ....
Inform ation processing
equipm ent and software
C om puters and
peripheral
e q u ip m e n t1...............
S o ftw a re 2......................
O ther................................
Industrial equipm ent........
Transportation equipm ent
O th e r....................................
R esidential..................................
Structures...............................
Single fa m ily .......................
M u ltifa m ily..........................
Other s tru c tu re s ................
E quipm ent..............................
129.96
131.51
100.66
130.16
134.13
112.30
129.99
132.13
108 .09
129.68
131.32
102.97
129.60
131.05
96.97
130.59
131.55
94.62
110.52
139.52
89.91
131.90
101.14
136.88
97.17
141.04
91.65
134.15
86.07
126.53
84.74
125.87
161.41
149.20
146.51
138.84
90.58
143.88
164.84
101.33
142.39
143.20
101.75
141.41
143.55
100.97
142.55
141.96
80.03
144.88
126.67
79.57
146.68
190.92
196.11
185.12
188.13
193.91
200.24
202.17
400.92
195.63
130.19
107.47
105.53
124.52
123.73
123.65
125.66
129.42
120.10
127.27
343.30
189.82
124.66
106.02
119.08
121.77
118.44
118.30
120.22
123.31
114.98
125.10
369.90
188.10
127.03
108.69
109.04
120.36
122.44
122.35
123.91
132.84
118.56
126 .36
383.36
193.67
130.74
106.71
103.23
125.33
123.25
123.17
124.70
131.98
119.71
127.32
420.05
199.09
131.65
108.38
102.02
125.47
123.59
123.51
125.53
129.14
119.95
127.23
430.36
201.67
131.32
106.10
107.83
126.91
125.65
125.59
128.48
123.73
122.19
1 28.18
Chain-type price indexes
Private fixed
investm ent.................
N onresidential............................
Structures...............................
Nonresidential buildings,
including fa rm ................
U tilitie s ................................
M ining exploration, shafts,
and w e lls .........................
Other s tru c tu re s ................
Equipment and s o ftw a re ....
Inform ation processing
equipm ent and software
Com puters and
peripheral
e q u ip m e n t1...............
S o ftw a re 2......................
O ther................................
Industrial equipm ent........
Transportation equipm ent
O th e r....................................
Residential..................................
Structures...............................
Single fa m ily .......................
M u ltifa m ily...........................
Other s tru c tu re s ................
E quipm ent..............................
101.16
95.73
119.76
100.74
94.43
118.93
101.19
95.31
119.66
100 .82
94.8 2
118.56
100.76
94.48
118.77
100.52
94.17
118.89
1 00.87
94.25
119.50
121.05
109.45
123.01
112.12
122.47
110.23
122.43
110.68
122.97
111.50
122.92
112.82
123.71
113.49
125.45
113.16
88.7 6
104.45
116.02
87.36
116.10
113.89
88.26
106.93
115.35
8 7.93
104.41
115.93
87.46
103.41
116.35
8 7.04
103.06
116.46
87.01
73.72
71.04
72.52
71.96
71.31
70.76
70.12
30.91
99.10
91.37
103.40
101.32
105.16
119.09
119.61
120.50
125.60
117.49
98.50
26.27
98.42
90.22
103.56
101.28
105.76
121.49
122.08
123.10
127.64
119.85
98.17
28.53
99.05
90.86
103.54
101.78
105.60
120.60
121.16
122.47
126.98
118.49
98.5 0
27.48
98.99
90.68
103.42
101.73
105.70
120.61
121.16
122.30
126.81
118.76
98.66
26.84
98.24
90.39
103.33
101.25
105.58
121.40
121.98
123.10
127.64
119.62
9 8.14
25.84
98.34
90.10
103.67
100.03
105.84
121.38
121.98
122.80
127.33
120.04
97.91
24.94
98.12
89.71
103.84
102.13
105.92
122.57
123.19
124.20
128.78
120.98
97.97
1. Includes new computers and peripheral equipment only.
2. Excludes software “ embedded,” or bundled, in computers and other equipment.
2002
I
II
III
IV
Chain-type quantity indexes
134.20
139.55
120.43
338.61
191.35
135.16
112.69
117.80
125.83
119.22
119.12
121.05
120.21
116.48
123.67
2001
Exports of goods and services
Goods 1.....................................
D urable................................
N ondurable.........................
Services 1................................
Income receipts........................
Imports of goods and services
Goods 1.....................................
D urable................................
N ondurable.........................
S e rv ic e s 1................................
Income payments......................
123.10
126.97
132.39
115.23
114.18
118.90
154.91
157.18
162.31
146.27
143.71
118.35
121 .45
122.81
126.12
115.59
118.03
Exports of goods and services
Goods 1.....................................
D urable................................
N ondurable.........................
S e rv ic e s 1................................
Income receipts........................
Imports of goods and services
Goods 1.....................................
D urable................................
N ondurable.........................
S e rvice s1................................
Income payments......................
96.10
93.42
93.56
93.17
102.94
108.55
92.70
91.87
87.16
102.59
97.03
109.57
9 5.87
92.98
93.18
92.55
103.26
160 .30
162.95
168.81
150.48
146.43
116.89
120.40
122.68
115.45
108.77
100.73
150.26
153.24
157.17
144.37
134.98
93.6 8
117.89
119.36
121.50
114.72
114.24
98.87
153.37
154.63
160.51
142.32
145.69
1 05.14
121.89
123.84
127.18
116.56
117.18
1 02.55
1 61.24
164.44
171.12
150.62
144.92
117.90
123.28
125.08
129.63
115.23
118.87
106.41
1 62.56
165.81
171.66
153.30
146.02
118.46
1 22 .74
122.95
126.18
115.86
121.82
96.41
93.45
93.23
94.02
103.97
109.95
94.05
91.15
85.65
103.71
110.92
110.64
96.60
93.67
93.22
94.78
104.12
164.04
166.91
171.95
155.67
149.08
C hain-type price indexes
93.02
90.36
85.57
101.36
108.46
95.06
92.39
93.16
90.64
101.89
108.73
90.97
88.71
86.05
95.04
104.08
109.66
94.88
92.14
93.17
89.78
101.90
109.02
90.61
88.24
85.60
94.52
104.37
109.86
95.58
92.67
93.13
91.61
103.04
109.61
93.03
90.55
85.67
101.73
107.43
1 10.36
94.38
91.50
85.35
105.49
111.11
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.
February 2003
Survey
of
D-21
C u r r en t B usiness
Table 7.10. Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Type of Product
[Index numbers, 1996=100]
Seasonally adjusted
Seasonally adjusted
2001
2002
2001
IV
2002
I
II
2001
III
IV
2002
IV
123.10
126.97
112.18
114.96
121.06
111.41
140.47
145.39
172.40
133.48
112.92
125.52
128.91
121.99
132.94
114.18
121.45
122.81
109.32
115.35
118.63
113.29
129.20
138.41
147.75
123.52
117.01
121.36
123.72
118.91
141.43
118.03
116.89
120.40
113.67
113.29
115.10
112.06
126.71
131.17
154.95
120.52
111.16
119.81
120.65
118.97
134.17
108.77
123.28
125.08
106.97
115.60
119.61
113.14
132.98
151.37
145.57
126.15
122.83
122.79
125.50
119.96
142.46
118.87
122.74
122.95
105.79
115.88
118.46
114.19
129.62
132.83
153.53
124.48
114.89
124.51
126.00
122.96
141.09
121.82
79.09
93.87
83.16
102.07
109.54
164.44
96.08
154.91
157.18
144.74
81.11
91.88
78.60
101.21
117.72
175.89
105.32
160.30
162.95
152.02
79.67
83.08
79.19
83.20
77.24
89.85
91.99
90.11
67.24
77.45
77.54
77.54
98.19 100.51 100.43 101.06
109.42 113.85 119.51 118.41
168.96 168.24 174.52 178.52
94.80
98.98 104.34 108.19
150.26 153.37 161.24 162.56
153.24 154.63 164.44 165.81
147.33 149.04 152.82 154.14
82.49
95.58
81.86
102.86
119.09
182.26
109.75
164.04
166.91
152.06
128.51
128.33
128.38
122.65
175.36
215.81
224.98
153.73
144.79
173.70
176.62
170.62
175.02
143.71
158.92
132.22
111.68
122.45
191.99
183.69
119.89
132.01
133.95
129.74
119.19
172.33
171.43
248.80
148.96
155.30
189.43
196.19
182.39
182.74
146.43
189.01
127.06
101.46
127.76
220.16
185.32
123.72
126.66
127.86
125.13
119.23
162.89
221.53
220.78
137.29
142.87
170.94
174.61
167.10
183.36
134.98
182.87
113.80
87.90
118.48
192.65
175.52
122.42
135.07
136.08
133.72
117.54
173.17
149.01
245.89
153.52
159.66
194.30
199.89
188.44
189.78
146.02
187.00
124.92
98.26
128.09
222.74
187.59
122.51
132.57
136.78
128.10
124.28
174.04
171.09
255.38
149.68
158.21
198.02
201.63
194.17
189.44
149.08
188.22
125.11
106.97
131.25
227.74
191.65
122.40
114.66 111.52 118.23
128.37 124.11 120.87
160.02 166.77 156.08
117.89
119.36
114.08
112.39
114.84
110.81
124.79
133.90
146.04
118.71
110.26
117.51
119.61
115.32
139.16
114.24
128.49
130.97
125.63
113.11
167.52
197.04
245.29
140.29
145.23
175.71
182.15
169.03
167.51
145.69
190.22
131.42
101.37
120.62
221.31
181.81
126.33
121.89
123 .84
110.45
117.52
121.59
115.02
129.40
135.55
145.85
124.73
120.04
120.66
123.76
117.42
143.00
117.18
131.91
131.98
131.50
121.82
174.57
168.58
248.65
152.35
158.09
189.68
201.09
177.92
184.22
144.92
190.62
126.80
99.25
131.09
208.87
180.22
123.63
117.65 114.27 107.00 107.18
119.78 124.98 127.02 124.65
158.25 168.10 170.24 170.50
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.
I
II
III
IV
Chain-type price indexes
Chain-type quantity indexes
Exports of goods and services.....
Exports o f goo d s 1..........................................
Foods, feeds, and beverages..................
Industrial supplies and m aterials...........
Durable g o o d s ........................................
Nondurable g o o d s ................................
Capital goods, except autom otive..........
Civilian aircraft, engines, and parts...
Com puters, peripherals, and p a rts ...
O th e r.........................................................
A utom otive vehicles, engines, and parts
C onsum er goods, except a uto m o tiv e ...
Durable g o o d s ........................................
N ondurable g o o d s ................................
O th e r.............................................................
Exports of s ervices1.....................................
Transfers under U.S. m ilitary agency
sales c o n tra c ts ......................................
Travel.............................................................
Passenger fares..........................................
Other tra n sp orta tio n ..................................
Royalties and license fe e s .......................
Other private services...............................
O th er.............................................................
imports of goods and services....
Imports of goods1..........................................
Foods, feeds, and beverages..................
Industrial supplies and materials, except
petroleum and p ro d u c ts ......................
Durable g o o d s .......................................
Nondurable g o o d s .................................
Petroleum and p ro d u cts..........................
Capital goods, except autom otive..........
Civilian aircraft, engines, and parts...
C om puters, peripherals, and p a rts ...
O th e r........................................................
A utom otive vehicles, engines, and parts
Consum er goods, except a uto m o tiv e ...
Durable g o o d s ........................................
Nondurable g o o d s ................................
O th e r.............................................................
Imports of servic es 1.....................................
Direct defense expenditures...................
Travel.............................................................
Passenger fares..........................................
Other tra n sp orta tio n ..................................
Royalties and license fe e s .......................
Other private services...............................
O th er.............................................................
Addenda:
Exports of agricultural g o o d s 2..........
Exports of nonagricultural g o o d s .....
Im ports of nonpetroleum goods
2002
2001
Exports of goods and services ....
Exports of goods1..........................................
Foods, feeds, and b ev era g es.................
Industrial supplies and m a te ria ls ........
Durable g o o d s ......................................
Nondurable g o o d s ...............................
Capital goods, except a u to m o tiv e .......
Civilian aircraft, engines, and parts .
Com puters, peripherals, and parts ..
Other .......................................................
Autom otive vehicles, engines, and parts
C onsum er goods, except autom otive ..
Durable g o o d s ......................................
Nondurable g o o d s ...............................
Other ............................................................
Exports of s ervices1.....................................
Transfers under U.S. m ilitary agency
sales c o n tra c ts .....................................
Travel ...........................................................
Passenger fares ........................................
Other tra n s p o rta tio n ................................
Royalties and license fe e s ......................
Other private s e rv ic e s .............................
Other ............................................................
Imports of goods and services ...
Imports of goo d s ' ..........................................
Foods, feeds, and b e vera g es.................
Industrial supplies and materials, except
petroleum and p ro d u c ts ....................
Durable g o o d s ......................................
Nondurable g o o d s ...............................
Petroleum and p ro d u c ts .........................
Capital goods, except a u to m o tiv e .......
Civilian aircraft, engines, and parts .
C om puters, peripherals, and parts ..
Other .......................................................
Autom otive vehicles, engines, and parts
Consum er goods, except a u to m o tiv e ..
Durable g o o d s ......................................
Nondurable g o o d s ...............................
Other ............................................................
Imports of s ervices1.....................................
Direct defense e xp e n d itu re s..................
Travel ...........................................................
Passenger fa r e s ........................................
Other tra n s p o rta tio n ................................
Royalties and license fe e s ......................
Other private s e r v ic e s .............................
Other ............................................................
Addenda:
Exports of agricultural g o o d s 2..........
Exports o f nonagricultural goods ....
Im ports of nonpetroleum goods
94.88
92.1 4
78.42
91.42
91.50
91.49
90.02
119.65
61.21
92.42
103.01
99.90
100.81
98.91
96.13
101.90
95.58 96.41
96.60
92.67 93.45 93.67
83.24
79.17
84.34
95.87
93.92
96.51
93.37
92.42
93.53
97.48
98.40
94.92
89.62
89.79
89.46
120.08 120.94 121.81
59.48
60.61
58.81
92.17
92.08
91.87
103.07 103.28 103.62
99.96 100.04
99.66
100.27 100.49 100.55
99.39
99.49
99.01
97.87
96.86
98.22
103.04 103.97 104.12
96.10
93.42
79.31
95.78
92.53
97.85
90.44
117.54
63.09
92.86
102.74
100.46
100.88
99.99
97.34
102.94
95.8 7
92.98
81.29
94.43
92.70
95.57
89.72
120.62
60.03
92.13
103.25
99.89
100.53
99.20
97.27
103.26
95.06
92.39
78.70
92.18
91.45
92.73
90.00
118.93
61.79
92.36
102.74
100.66
101.21
100.06
96.37
101.89
96.95
111.68
106.08
106.37
108.72
90.79
120.46
92.70
91.87
90.23
95.87
110.34
109.13
106.43
109.94
91.89
118.10
93.02
90.36
91.18
95.32
95.68
95.91
96.58
95.68
109.41 109.25 110.60 110.44 111.06
105.76 105.53 106.36 114.72 109.90
104.33 102.54 106.01 107.98 109.18
108.89 109.18 109.77 110.11 110.70
92.47
90.68 91.72
92.68
90.09
119.44 118.50 118.21 117.98 117.72
90.97 90.61
93.03 94.05 94.38
88.24 90.55 91.15 91.50
88.71
91.45
93.57
89.45
89.21
90.50
102.44
98.78
106.41
116.10
74.51
114.68
53.47
81.43
101.66
95.17
91.93
98.80
100.11
97.03
86.72
94.63
126.91
115.69
108.70
78.26
104.05
96.13
95.11
97.43
119.51
72.29
116.98
49.54
79.77
101.96
94.20
90.43
98.45
99.19
108.46
90.11
99.02
132.82
111.74
109.92
110.85
105.47
94.09
94.11
94.28
93.36
73.37
115.78
50.53
81.11
101.81
94.72
91.20
98.68
98.92
104.08
86.32
94.72
127.89
110.93
108.87
103.74
102.95
93.06
93.84
92.47
93.17
72.67
116.05
50.23
80.04
101.70
94.40
90.77
98.48
98.68
104.37
82.94
93.18
127.76
109.22
109.16
107.88
102.37
96.41
95.49
97.59
122.01
72.51
116.45
50.17
79.77
101.81
94.12
90.54
98.14
99.00
107.43
87.74
97.20
130.81
110.40
109.75
111.03
104.86
96.83
95.75
98.16
129.50
72.32
117.68
49.48
79.79
102.02
94.22
90.37
98.56
99.31
110.92
94.07
102.27
140.45
112.64
110.09
112.37
106.87
98.24
95.36
101.49
133.38
71.66
117.74
48.27
79.47
102.31
94.06
90.04
98.60
99.76
111.11
95.68
103.43
132.27
114.70
110.68
112.12
107.79
77.86
94.93
90.36
79.20
94.32
88.55
76.81
93.90
88.64
76.19
93.69
88.14
76.96
94.19
88.57
81.19
94.64
88.69
82.46
94.76
88.80
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of
nondurable nonautomotive consumer goods,
D -22
February 2003
National D ata
Table 7.11. Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type
[Index numbers, 1996=100]
Seasonally adjusted
Seasonally adjusted
2001
2002
2002
2001
IV
I
II
2001
III
IV
I
II
III
IV
Chain-type price indexes
117.76 119.37 119.79 120.65 122.02
110.46 112.46 114 .50 115.71 118 .54
105.87 108.82 110.87 112 .74 115.77
105.55 108.05 110.42 111.80 115.46
115.45 118.29 118.91 125.79 119.61
147.67 149.88 152.03 151.30 140.49
103.74 106.22 108.71 109.77 114.44
115.36
107.33
102.51
102.17
116.02
129.00
100.50
120.46
115.31
112 .05
111.43
120.65
148.43
109.79
91.09
92.70
91.13
91.99
93.03
93.44
92.33
99.03
118.09
104.87
68.01
110.58
117.10
112.76
99.35
148.02
116.15
65.38
124.25
121.99
117.25
99.01
129.50
108.08
70.49
113.87
119.78
114.55
99.06
136.73
113.93
63.21
122.04
119.91
114.99
99.22
143.65
113.83
66.47
121.32
121.93
116.48
99.42
146.55
119.04
66.30
127.46
121.83
117.48
99.70
165.14
117.82
65.53
126.17
124.27
120.05
111.07 132.13 119.91 127.22 135.70 129.39 136.21
111.72 116.02 113.74 113.95 114.83 116.35 118.97
103.40
105.67
103.41
103.95
103.75
105.28 109.68
155.81
109.87
137.77
80.33
172.20
120.11
117.93
139.80
136.09
115.40
167.02
115.48
144.47
92.74
174.92
1 23.54
121.29
147.53
141.40
118.46
159.86
115.13
144.89
88.85
178.17
122.09
119.84
143.12
138.57
117.22
162.56
113.63
143.43
101.08
167.59
123.47
120.56
145.10
139.93
117.84
165.47
115.97
148.22
91.85
181.69
122.95
121.04
146.72
140.90
118.25
168.46
116.86
142.28
84.94
176.60
123.62
121.54
148.34
141.89
118.68
171.61
115.44
143.97
93.09
173.81
124.14
122.00
149.97
142.89
119.06
108.72
110.97 110.19
110.53
110.79
111.13
111.45
129.92 135.67 132.15 133.88 135.17 136.31 137.31
231.02 246.53 240.18 245.08 246.56 247.35 247.16
129.86 133.61 132.17 136.57 131.41 132.83 133.65
121.33 126.66 123.86 130.10 123.97 125.67 126.90
159.28 156.44 160.55 157.30 156.32 156.51 155.60
105.41 107.59 106.48 106.98 107.30 107.79 108.29
97.45
96.94
97.80
98.67
95.56
95.59
96.38
109.21 111.49 110.69 111.06 111.29 111.63 111.98
1. Gross government investment consists of general government and government enterprise expenditures for
fixed assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for
goods transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new own-account investment and related expendi
tures for goods and services are classified as investment in structures and in software. The compensation of all
2002
IV
Chain-type quantity indexes
Government consumption
expenditures and gross
investm ent1.......................................
F e d e ra l..............................................................
National defense......................................
C onsum ption expenditures.................
Durable g o o d s 2..................................
Nondurable g o o d s ............................
S ervice s...............................................
Com pensation of general
governm ent employees,
except ow n-account
in ve stm e n t3...............................
Consum ption of general
governm ent fixed c a p ita l4......
Other se rvice s...............................
Gross in ve stm e n t..................................
S tructu res............................................
Equipm ent and s o ftw a re .................
N ondefense................................................
Consum ption expenditures.................
Durable g o o d s 2..................................
Nondurable g o o d s ............................
C om m odity Credit C orporation
inventory change......................
Other nondurables........................
S ervices...............................................
Compensation o f general
governm ent employees,
except ow n-account
in ve stm e n t3...............................
C onsum ption of general
governm ent fixed c a p ita l4......
Other se rvice s................................
Gross in ve stm e n t..................................
S tructu res............................................
Equipment and s o ftw a re .................
State and lo c a l...............................................
Consum ption expenditures......................
Durable g o o d s 2......................................
Nondurable g o o d s .................................
S ervices....................................................
Compensation o f general
governm ent employees, except
ow n-account in ve stm e n t3...........
C onsum ption o f general
governm ent fixed c a p ita l4..........
Other services....................................
Gross in ve stm e n t.......................................
S tructu res................................................
Equipm ent and so ftw a re ......................
Addenda:
Com pensation o f general governm ent
e m plo ye e s3.............................................
Federal......................................................
State and lo c a l5......................................
2002 2001
Government consumption
expenditures and gross
investm ent1.......................................
F e d e ra l............................................................
National d e fe n s e .....................................
C onsum ption e x p e n d itu re s ...............
Durable g o o d s 2..................................
Nondurable g o o d s ...........................
S e rv ic e s ..............................................
Compensation of general
governm ent employees,
except own-account
in ve stm e n t3...............................
C onsum ption o f general
governm ent fixed c a p ita l4......
Other s e rv ic e s ..............................
Gross in v e s tm e n t................................
S tru c tu re s ..........................................
Equipm ent and s o ftw a re ................
N o n d efen se...............................................
Consum ption expenditures ...............
Durable g o o d s 2..................................
Nondurable g o o d s ..........................
C om m odity Credit Corporation
inventory ch a n g e .....................
Other n o n d u ra b le s ......................
S e rv ic e s ..............................................
Compensation of general
governm ent employees,
except ow n-account
in ve stm e n t3...............................
C onsum ption o f general
governm ent fixed c a p ita l4......
Other s e rv ic e s ..............................
Gross in v e s tm e n t.................................
S tru c tu re s ..........................................
Equipm ent and s o ftw a re ................
State and lo c a l..............................................
Consum ption e x p e n d itu re s ...................
Durable g o o d s 2 .....................................
Nondurable g o o d s ...............................
S e rv ic e s .................................................
Com pensation of general
governm ent employees, except
ow n-account in ve stm e n t3.........
C onsum ption of general
governm ent fixed c a p ita l4.........
Other s e rv ic e s ...................................
Gross in v e s tm e n t.....................................
S tru c tu re s ..............................................
Equipm ent and s o ftw a re .....................
Addenda:
Com pensation of general governm ent
em plo ye e s3.............................................
Federal ....................................................
State and lo c a l5.....................................
113.27
110.09
109.27
111.50
99.37
106.08
112.61
115.19 113.27 114.27 115.06 115.47 115.95
113.13 110.18 112.42 113.07 113.44 113.62
111.86 109.21 111.14 111.71 112.12 112 .46
114.72 111.55 113.89 114.56 115.04 115.40
99.31
99.52 99.72 99.65
99.61
99.55
100.69
99.09
94.31
99.84 103.19 105.42
116.42 112.95 115.74 116.26 116.67 117.01
118.58
125.14
101.84
111.79
96.77
118.80
94.40
111.64
114.18
102.60 101.89 102.30 102.37 102.60
114.20 112.61 113.04 113.84 114.66
95.96
96.11
95.88 95.89
95.95
121.67 119.97 120.94 121.56 121.89
93.30
93.58
93.26
93.23
93.27
115.52 111.99 114.79 115.61 115.89
119.20 114.58 118.21 119.31 119.70
118.68
124.71
125.19 125.33 125.33
103.13
115.24
96.13
122.29
93.43
115.78
119.57
108.99 110.94 105.96
114.75 120.00 115.30
106.60 111.34
119.16 120.07
120.51
129.38
121.05
128.03
129.63
130.11
129.75
102.45
110.27
101.39
116.73
95.58
115.01
115.99
100.11
109.20
117.18
102.48
112.54
101.15
118.71
94.74
116.33
117.40
100.57
107.16
119.13
102.71 102.68 102.44
110.99 111.93 112.39
101.55 101.39 101.18
117.67 117.97 118.42
95.55
95.26
94.85
114.97 115.29 116.17
115.79 116.19 117.19
100.29 100.58 100.67
102.88 103.13 106.74
117.89 118.31 118.94
102.34
112.79
101.04
118.91
94.54
116.60
117.72
100.55
108.10
119.36
102.45
113.06
101.00
119.55
94.32
117.24
118.51
100.50
110.69
119.90
118.80
121.96
120.18
107.64
114.44
111.00
119.49
88.96
107.96 107.92 107.94 108.04 107.99 107.89
105.88 108.42 107.45 107.86 104.98 103.21
111.93 111.60 111.62 111.97 112.02 112.10
121.48 120.67 120.81 121.47 121.74 121.92
88.28
88.02
87.43
87.62
87.14 86.94
118.94
119.30
118.80
123.17
126.78
121.96
120.04
119.58
120.19
120.79 121.53
122.10 122.88
125.98 126.91
120.80 121.53
113.42 112.41
120.42 120.34
122.33 123.18
123.56 124.15
127.19 127.04
122.34 123.18
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.
5. Beginning with 2001, in accordance with the Consolidated Appropriations Act of 2001, includes compensa
tion of employees of Indian tribal governments reclassified from the private sector.
February 2003
Survey
of
D -2 3
C u r r en t B usiness
Table 7.14. Chain-Type Quantity and Price Indexes for Gross Domestic
Product by Sector
Table 7.16B. Implicit Price Deflators for Private Inventories by Industry
[Index numbers, 1996=100]
[Index numbers, 1996=100]
Seasonally adjusted
Seasonally adjusted
2001
2002
IV
I
II
III
Gross domestic product
B usiness1...................................
117.94
119.56
120.77
122.47
118.37
119 .88
1 19 .84
1 21.52
120.21
121.86
121.41
123.17
121.63
123.31
Nonfarm2.............................
Nonfarm less housing....
Housing.............................
Farm.......................................
119.51
120.48
110.86
124.00
122.44
123.78
110.73
124.34
119.73
120.81
110.18
134.98
121.43
122.67
110.59
129.90
121.86
122.95
112.17
120.17
123.16
124.60
110.72
122.49
123.29
124.89
109.44
124.81
Households and institutions..
114.39
116.95
115 .04
1 15 .74
116.59
117 .35
118.12
Private households...............
Nonprofit institutions..........
84.25
115.49
73.60
118.53
75.03
116.49
72.41
117.31
73.19
118.17
73.92
118.93
74.88
119.69
General governm ent3.............
1 07.69
110.16
108.83
109 .42
109 .84
110.41
110.97
Federal....................................
State and local......................
99.77
111.40
101.88
114.03
100.02
112.95
100.78
113.46
101.39
113.79
102.24
114.22
103.12
114.63
Chain-type price indexes
Gross domestic product
Business1...................................
109.42
108.23
110.66
109.04
1 09.78
108.47
110 .14
1 08.65
110.48
1 08.89
110.76
109.08
111.24
109.52
Nonfarm2.............................
Nonfarm less housing....
Housing.............................
Farm.......................................
108.78
107.97
116.62
70.50
109.63
108.40
121.67
68.06
109.11
108.11
118.89
64.85
109.16
108.02
120.25
73.18
109.59
108.39
121.22
61.18
109.68
108.41
122.13
67.77
110.09
108.76
123.08
70.11
Households and institutions..
115.28
119.22
1 16 .37
1 17.13
118.47
119.93
121.34
Private households...............
Nonprofit institutions..........
117.43
115.20
121.68
119.14
118.44
116.30
120.48
117.03
121.29
118.38
122.18
119.85
122.75
121.28
General governm ent3.............
116.48
120.02
117.42
1 19.13
1 19.77
120.33
120 .84
Federal....................................
State and local......................
114.23
117.47
119.57
120.27
114.47
118.71
118.97
119.25
119.60
119.90
119.83
120.59
119.85
121.32
1. Equals gross domestic product less gross product of households and institutions and of general govern
ment.
2. Equals gross domestic business product less gross farm product.
3. Equals compensation of general government employees plus general government consumption of fixed
capital.
Table 7.15. Price, Costs, and Profit Per Unit of Real Gross Product of
Nonfinancial Corporate Business
[Dollars]
Consumption of fixed capital
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies..
Net interest............................
Corporate profits with
inventory valuation and
capital consumption
adjustments (unit profits
from current production)....
Profits tax liability.................
Profits after tax with
inventory valuation and
capital consumption
adjustments......................
1.041
1.039
1.037
1.036
1.035
.695
.267
.684
.268
.682
.268
.680
.269
.681
.270
.127
.127
.128
.129
.130
.102
.038
.103
.038
.103
.037
.103
.037
.104
.036
.079
.087
.086
.087
.084
.024
.018
.023
.025
.025
.055
.068
.064
.062
.059
1. The im plicit price deflator for gross product of nonfinancial corporate business divided by 100.
Noie Effective November 26, 2002, the estimates beginning with 1999 have been revised to reflect the 2002
annual revision to the industry-based price ipdex for the gross product of nonfinancial corporate business.
II
III
IV
IV
I
Private inventories1..............................
9 8.0 4
98.48
98.99
99.28
99.56
Farm................................................................
Construction, mining, and utilities.............
Manufacturing................................................
Durable goods industries.........................
Nondurable goods industries..................
Wholesale trade.............................................
Durable goods industries.........................
Nondurable goods industries..................
Retail trade......................................................
Motor vehicle dealers...............................
Food and beverage stores.......................
General merchandise stores....................
Other retail stores......................................
Other industries.............................................
95.07
98.19
98.32
98.34
98.36
94.34
91.33
99.73
102.00
99.48
109.59
102.86
102.26
99.52
97.32
97.69
98.96
98.41
99.93
94.85
91.26
101.16
102.00
98.93
110.32
102.59
102.61
99.07
96.53
104.47
99.45
98.81
100.57
95.62
91.66
102.50
101.98
98.59
109.41
102.62
102.96
99.71
93.35
104.34
100.10
98.65
102.52
96.80
91.68
105.46
102.08
98.17
109.59
102.67
103.44
99.86
97.97
109.70
99.83
98.48
102.08
96.43
91.58
104.66
101.92
97.04
109.96
103.07
103.72
100.12
98.04
96.49
99.82
98.34
94.34
94.12
91.15
99.45
95.65
98.48
96.41
100.74
98.63
94.85
94.44
91.07
100.39
97.39
98.99
96.68
101.49
99.25
95.62
95.10
91.49
101.44
98.80
99.28
96.58
102.12
99.81
96.80
96.23
91.51
104.27
100.30
99.56
96.26
102.97
99.76
96.43
95.91
91.42
103.58
99.62
IV
Chain-type quantity indexes
Price per unit of real gross
product of nonfinancial
corporate business1...........
Compensation of employees
(unit labor cost)....................
Unit nonlabor cost.....................
2002
2001
2002
2001
Addenda:
Private inventories.....................................
Durable goods industries....................
Nondurable goods industries..............
Nonfarm industries...................................
Wholesale trade..........................................
Merchant wholesale trade....................
Durable goods industries.................
Nondurable goods industries..........
Nonmerchant wholesale trade............
1. Im plicit price deflators are as of the end of the quarter and are consistent with the inventory stocks shown in
tables 5.12Band 5.136.
Noie Estimates in this table are based on the North American Industry Classification System (NAICS).
D -2 4
February 2003
National D ata
Table 7.17. Chain-Type Quantity Indexes for Gross Domestic Product by
Major Type of Product
Table 7.18B. Chain-Type Quantity Indexes for Motor Vehicle Output
[Index numbers, 1996=100]
[Index numbers, 1996=100]
Seasonally adjusted
Seasonally adjusted
2001
Gross domestic product..
Final sales o f dom estic
p ro d u c t.................................
Change in private inventories
G oods............................................
Final sales............................
Change in private
in ve ntorie s......................
Durable g o o d s ........................
Final sales............................
Change in private
in ve n to rie s......................
Nondurable g o o d s .................
Final sales............................
Change in private
in ve n to rie s......................
S ervice s ......................................
Structures....................................
Addenda:
M o to r vehicle o u tp u t............
Gross dom estic product less
m o to r vehicle o utp ut
2002
2001
2002
2001
IV
I
II
III
IV
117.94
120.77
118.37
119.84
120.21
121.41
121.63
118.95
121.10
119.81
120.51
120.49
121.51
121.91
121.64
124.71
125.63
126.69
121.92
126.21
124.38
126.43
124.50
125.39
127.23
127.62
126.42
127.31
129.90
136.94
135.10
136.88
128.92
138.44
131.84
135.27
132.10
134.22
138.60
140.00
137.84
138.03
114.62
114.86
117.74
118.27
115.79
116.34
117.90
118.96
117.93
117.94
117.98
117.67
117.15
118.51
115.16
118.80
118.32
115.47
116.18
116.33
1 17.00
118.06
118.01
115.51
118.74
113.88
119.53
114.42
114.63
129.35
120.66
123.54
125.97
136.32
131.55
118.03
120.48
118.28
119.70
120.01
120.91
121.30
2002
Motor vehicle output...
A uto o u tp u t................
Truck o u tp u t1............
Final sales of domestic
product.....................................
Personal consumption
expenditures......................
New m otor vehicles..........
A u to s ...............................
L ight tru c k s ....................
Net purchases o f used
a uto s.................................
Private fixed investm ent....
New m o to r veh icles..........
A u to s ...............................
Tru cks..............................
L ight tru c k s ................
O th er............................
Net purchases of used
a uto s................................
Gross government
investm ent.........................
A u to s ....................................
New tru c k s .........................
Net exports.............................
E xp orts................................
A u to s ...............................
Tru cks..............................
Im p o rts................................
A u to s ...............................
T ru cks..............................
Change in private inventories
Autos.........................................
N e w ......................................
D o m e s tic........................
Foreign.............................
U sed.....................................
New trucks..............................
D o m estic.............................
F oreig n ................................
Addenda:
Final sales of m o to r vehicles
to dom estic p urchasers...
Private fixed investm ent in
new autos and new ligh t
tru c k s ...................................
D om estic output of new
a u to s 2 .................................
Sales of im ported new
a u to s 3 ..................................
2001
2002
IV
I
II
III
IV
114.63
89.86
135.17
1 29.35
94.14
158.39
120.66
92.77
143.75
123 .54
95.00
147.17
125.97
93.02
153.18
136.32
97.86
168.04
131.55
90.70
165.18
119.40
122.49
132.37
117.53
115.98
131.99
124.45
143.85
152.65
131.93
177.01
152.51
164.33
130.18
204.44
161.11
178.16
145.74
216.21
146.80
159.22
130.40
193.06
146.73
156.46
129.18
188.48
164.00
179.76
138.70
227.97
152.50
161.89
122.42
208.24
117.43
106.83
106.87
95.08
118.27
137.74
82.30
117.35
1 02.92
104.15
91.95
115.92
135.22
80.13
110.58
104.88
103.77
88.51
118.41
140.85
77.15
109.88
95.86
96.41
84.78
107.62
126.81
72.21
117.67
100.72
102.26
90.77
113.36
132.07
78.64
117.26
106.73
107.74
95.56
119.50
136.71
87.11
124.60
108.38
110.17
96.67
123.18
145.31
82.57
106.65
108.28
99.52
98.10
107.53
111.10
116.38
126.36
97.37
142.63
125.36
97.58
140.98
131.08
102.43
147.13
125.94
101.19
139.76
117.17
92.55
130.97
115.74
87.91
131.45
142.61
108.68
161.75
92.55
101.19
77.15
153.19
157.44
132.92
102.95
114.16
82.92
161.48
167.06
134.86
95.81
107.12
75.64
150.61
152.16
142.97
94.07
104.95
74.65
150.99
155.00
131.76
102.26
116.09
77.57
164.52
171.40
131.82
109.72
121.85
88.05
164.33
171.52
130.20
105.74
113.75
91.40
166.06
170.32
145.67
129.80
133.60
139.68
127.60
129.04
141.60
136.15
112.41
109.55
109.79
101.87
107.57
112.31
116.43
92.85
98.28
92.11
96.57
101.17
104.43
90.94
152.80
158.43
159.00
151.28
153.87
166.84
161.73
1. Except for exports and imports, consists of new trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government invest
ment.
February 2003
Survey
of
D -2 5
C u r r en t B usiness
8. Supplemental Tables
Table 8.1. Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
2001
2002
2001
IV
Gross domestic product:
Current d ollars................................
Chain-type quantity index..............
Chain-type price index....................
Im plicit price deflator.....................
I
II
III
2.6
.3
2.4
2.4
3.6
2.4
1.1
1.1
2.2
2.7
-.5
-.5
6.5
5.0
1.3
1.3
2.5
1.3
1.2
1.2
4.5
2.5
2.0
2.0
4.5
3.1
1.4
1.4
6.8
6.0
.8
.8
4.3
3.1
1.1
1.1
4.6
1.8
2.7
2.7
4.0
6.0
-1.9
-1.9
4.4
7.4
-2.8
-2.8
31.6
33.6
-1.5
-1.5
-10.3
-6.3
-4.2
-4.2
3.5
2.0
1.5
1.5
3.6
3.1
.4
.4
.0
3.6
-3.5
-3.5
8.2
7.9
.2
.3
5.2
2.0
3.1
3.1
5.0
2.2
2.7
2.7
5.7
2.1
3.5
3.5
5.6
2.9
2.7
2.7
-9.7
-10.7
1.2
1.2
.0
.5
-.5
-.5
-17.5
-17.3
- .2
-.3
16.6
18.2
-1.5
-1.4
-2.7
-3.8
1.2
1.2
-3.6
-3.2
-.4
-.4
-9.0
-8.9
-.1
-.1
-2.0
-.5
-1.5
-1.5
-5.1
-5.2
.2
.2
-7.0
-5.8
-1.4
-1.4
-12.3
-10.9
-1.6
-1.6
-7.8
-5.8
-2.0
-2.0
3.3
-1.7
5.0
5.0
-17.0
-16.4
-.7
-.7
-31.2
-30.1
-1.6
-1.6
-17.3
-14.2
-3.6
-3.6
-7.8
-6.4
-1.5
-1.5
-3.4
-1.8
-1.6
-1.6
-4.0
-2.5
-1.6
-1.6
-4.2
-2.7
-1.5
-1.5
4.4
.3
4.1
4.1
5.9
3.8
2.0
2.0
.1
-3.5
3.7
3.7
14.2
14.2
.0
.0
-6.1
-5.4
-.8
-.8
-1.6
-1.3
-.2
-.3
-13.1
-9.6
-3.8
-3.8
2.7
3.5
-.8
-.8
-6.6
-5.9
-.7
-.7
-3.8
-3.3
-.5
-.5
-11.3
-7.9
-3.7
-3.7
-4.5
-3.4
-1.1
-1.1
Exports of services:
Current dolla rs.........................................
Chain-type quantity index.......................
Chain-type price index.............................
Implicit price deflator..............................
-4.9
-4.0
-1.0
-1.0
3.7
3.4
.3
.3
-17.4
-13.8
-4.2
-4.2
21.7
21.7
.0
.0
Imports of goods and services:
Current dolla rs..............................................
Chain-type quantity index............................
Chain-type price index..................................
Implicit price deflator..................................
-5.7
-2.9
-2.9
-2.9
3.8
3.5
.3
.3
-.8
-5.3
4.7
4.7
6.8
8.5
-1.6
-1.6
Imports of goods:
Current d olla rs.........................................
Chain-type quantity index.......................
Chain-type price index.............................
Implicit price deflator..............................
-6.1
-3.3
-2.9
-2.9
2.0
3.7
-1.6
-1.7
-14.0
-3.3
-11.1
-11.1
1.5
3.7
-2.1
-2.1
Personal consumption expenditures:
Current dolla rs..............................................
Chain-type quantity index............................
Chain-type price index.................................
Implicit price deflator
Durable goods:
Current dolla rs.........................................
Chain-type quantity index.......................
Chain-type price index.............................
Implicit price deflator..............................
Nondurable goods:
Current dollars.........................................
Chain-type quantity index.......................
Chain-type price index.............................
Implicit price deflator..............................
Services:
Current d ollars.........................................
Chain-type quantity index.......................
Chain-type price index.............................
Implicit price deflator..............................
Gross private domestic investment:
Current dollars..............................................
Chain-type quantity index............................
Chain-type price index.................................
Implicit price deflator..................................
Fixed investment:
Current dollars.........................................
Chain-type quantity index.......................
Chain-type price index.............................
Implicit price deflator..............................
Nonresidential:
Current dolla rs.....................................
Chain-type quantity index...................
Chain-type price index........................
Implicit price deflator.........................
Structures:
Current dolla rs................................
Chain-type quantity index..............
Chain-type price index....................
Implicit price deflator.....................
Equipment and software:
Current d ollars................................
Chain-type quantity index..............
Chain-type price index....................
Implicit price deflator.....................
Residential:
Current d ollars.....................................
Chain-type quantity index...................
Chain-type price index........................
Im plicit price deflator.........................
Exports of goods and services:
Current dolla rs.............................................
Chain-type quantity index............................
Chain-type price index.................................
Implicit price deflator..................................
Exports of goods:
Current dolla rs.........................................
Chain-type quantity index.......................
Chain-type price index.............................
Im plicit price deflator..............................
5.1
4.0
1.0
1.0
2002
IV
2.5
.7
1.8
1.8
2002
2001
IV
Imports of services:
Current d o lla rs ........................................
Chain-type quantity in d e x......................
Chain-type price in de x............................
Im plicit price d e fla to r.............................
Government consumption expenditures and
gross investment:
Current d o lla rs ............................................
Chain-type quantity in d e x...........................
Chain-type price in de x................................
Implicit price d e fla to r.................................
6.0
2.9
4.2
1.0
1.7
1.9
1.7
1.9
Federal:
-.9
-9.4
20.5
Current d o lla rs ........................................
Chain-type quantity in d e x ......................
2.0
22.8
-7.3
-2.9
-1.9
-2.2
Chain-type price in de x............................
-2.9
-1.9
-2.2
Implicit price d e fla to r.............................
National defense:
4.5
1.7
5.5
Current d o lla rs ....................................
-.1
3.9
Chain-type quantity in d e x..................
1.0
4.6
1.6
Chain-type price index.......................
.6
4.6
1.6
Implicit price d e fla to r........................
.6
Nondefense:
5.7
5.4
Current d o lla rs ....................................
4.3
2.7
Chain-type quantity in d e x..................
2.3
1.3
Chain-type price index.......................
3.0
3.0
3.0
3.0
Implicit price d e fla to r.........................
3.0
3.0
State and local:
7.5
2.4
.8
Current d o lla rs ........................................
7.9
3.6
-.7
Chain-type quantity in de x......................
-.4
-1.1
1.4
Chain-type price in de x............................
-.4
-1.2
1.5
Im plicit price d e fla to r.............................
Addenda:
-1.2
-1.2
4.6 Final sales of domestic product:
-1.0
-.3
3.1
Current d o lla rs ............................................
-.2
1.4
Chain-type quantity in de x...........................
-.9
-.3
1.4
-.9
Chain-type price index................................
Implicit price d e fla to r.................................
-3.8
-2.1
1.9 Gross domestic purchases:
-2.4
-.8
1.5
Current d o lla rs ............................................
-1.4
.4
-1.3
Chain-type quantity in d e x...........................
-1.4
.4
-1.3
Chain-type price in de x................................
Implicit price d e fla to r.................................
-17.1
-21.0
-7.5 Final sales to domestic purchasers:
-17.6
-21.4
-9.3
Current d o lla rs ............................................
.7
.4
2.1
Chain-type quantity in d e x...........................
.7
.4
2.1
Chain-type price in de x................................
Im plicit price d e fla to r.................................
1.1
4.7
4.9 Gross national product:
3.3
6.7
5.0
Current d o lla rs ............................................
-2.1
-.2
-1.9
Chain-type quantity in d e x...........................
-2.1
-.1
-1.9
Chain-type price in de x................................
Im plicit price d e fla to r.................................
11.1 Command-basis gross national product:
5.4
1.0
2.7
1.1
6.8
Chain-type quantity in d e x...........................
2.6
.0
4.0 Disposable personal income:
2.6
.0
4.0
Current d o lla rs ............................................
Chained (1996) d o lla rs ...............................
17.7
-.9 Final sales of computers:1
8.3
-1.7
14.3
4.6
Current d o lla rs ............................................
3.5
.8
Chain-type quantity in d e x...........................
3.0
3.0
3.5
.8
Chain-type price in de x................................
Implicit price d e fla to r.................................
7.7
-5.8 Gross domestic product less final sales of
18.6
-6.7
15.9
4.1
computers:
3.4
.9
2.3
Current d o lla rs ............................................
2.3
3.4
.9
Chain-type quantity in de x...........................
Chain-type price index................................
Implicit price d e fla to r.................................
15.8
9.8
10.9 Gross domestic purchases less final sales of
computers:
10.7
5.9
10.3
4.6
3.7
.6
Current d o lla rs ............................................
3.7
.6
Chain-type quantity in de x...........................
4.6
Chain-type price index................................
Implicit price d e fla to r.................................
35.7
7.9
5.2 Chain-type price indexes for gross domestic
3.3
3.7
product:
22.2
4.4
1.4
F o o d ..............................................................
11.1
11.1
4.4
1.4
Energy goods and se rvice s.......................
Gross domestic product less food and
energy .......................................................
4.3 Chain-type price indexes for gross domestic
41.8
6.1
3.4
2.7
purchases:
27.9
F o o d ..............................................................
10.9
2.7
1.6
10.9
2.7
1.6
Energy goods and se rvice s .......................
Gross domestic purchases less food and
energy .......................................................
1. For some components of final sales of computers, includes computer parts.
Note. Contributions to the percent change in real gross domestic product are shown in table 8.2.
Seasonally adjusted at annual rates
2001
2002
I
II
III
IV
-3.4
-.5
-2.9
-2.9
13.8
1.9
11.8
11.7
123.2
-16.5
167.5
167.4
37.3
35.7
1.1
1.1
9.9
-2.1
12.2
12.2
17.1
3.1
13.6
13.6
9.4
8.6
.7
.7
6.1
3.7
2.4
2.4
6.2
4.4
1.7
1.7
10.1
10.5
-.3
-.3
9.3
5.6
3.6
3.6
4.3
1.4
2.8
2.8
4.4
2.9
1.4
1.4
6.4
4.6
1.7
1.7
6.6
4.8
1.7
1.7
10.4
7.4
2.8
2.8
13.0
13.5
-.4
-.4
16.4
7.4
8.4
8.4
10.0
7.5
2.3
2.3
5.7
4.3
1.3
1.3
10.9
10.1
.6
.7
6.7
5.0
1.6
1.6
11.9
9.3
2.4
2.4
13.1
14.3
-1.1
-1.0
19.7
11.6
7.3
7.2
9.9
7.8
2.0
2.0
8.5
6.9
1.5
1.5
12.6
11.2
1.2
1.2
6.5
4.5
1.9
1.9
7.8
4.2
3.5
3.5
12.9
12.1
.7
.6
10.9
.4
10.4
10.4
10.0
6.9
2.9
2.8
.7
-.3
1.0
1.0
7.9
8.3
-.4
-.4
5.9
3.1
2.7
2.7
4.0
2.9
1.1
1.1
8.6
8.9
-.3
-.3
5.8
4.6
1.1
1.1
1.3
-1.7
3.1
3.0
3.7
2.2
1.5
1.5
4.0
1.7
2.2
2.2
3.9
1.5
2.4
2.4
3.0
1.8
1.1
1.1
3.6
4.2
-.5
-.5
3.7
2.4
1.3
1.3
1.2
-.1
1.2
1.2
4.5
3.4
1.1
1.1
3.1
1.3
1.8
1.8
2.4
.4
1.9
1.9
4.1
2.9
1.2
1.2
3.4
2.9
.4
.4
6.9
5.6
1.2
1.2
4.9
2.6
2.3
2.3
5.2
3.9
1.2
1.2
3.2
1.4
1.8
1.8
3.6
1.6
1.9
1.9
3.5
2.3
1.2
1.2
4.8
4.3
.5
.5
4.2
3.0
1.1
1.1
3.6
1.3
2.3
2.3
4.6
3.3
1.3
1.3
3.8
1.9
1.8
1.8
2.6
.2
2.4
2.4
3.2
3.7
-.5
-.5
5.1
3.7
1.3
1.4
1.6
.4
1.2
1.2
5.5
4.4
1.0
1.0
.5
2.5
3.8
-.4
4.3
3.8
1.8
5.9
4.5
-6.9
-7.6
15.8
14.5
6.7
3.9
4.9
3.1
4.6
2.6
-14.4
9.1
-21.6
-21.6
-10.7
13.0
-20.4
-20.9
3.1
28.9
-19.9
-20.0
-29.9
-7 .8
-24 .0
-24.0
-6.9
13.1
-17.7
-17.7
42.0
78.5
-20.4
-20.4
3.8
26.6
-18.0
-18.0
2.8
.2
2.6
2.6
3.7
2.3
1.3
1.3
2.2
2.6
-.4
-.4
6.8
5.1
1.5
1.6
2.6
1.2
1.4
1.4
4.9
3.6
1.2
1.2
2.5
.6
1.9
1.9
2.6
.4
2.2
2.2
4.1
2.7
1.4
1.4
3.3
2.6
.7
.7
6.8
5.3
1.4
1.4
5.0
2.5
2.4
2.4
5.0
3.5
1.4
1.4
3.3
1.2
2.0
2.0
3.1
10.1
1.9
-8.4
1.8
-19.8
2.4
-10 .7
.3
-4 .0
1.4
-2.5
1.5
9.2
2.0
1.4
.0
1.6
1.5
1.1
1.6
3.0
2.3
1.9
-6.3
2.3
-33.0
2.4
-8.7
.4
29.9
.7
3.8
1.7
12.0
1.8
1.4
2.0
1.4
1.5
1.2
1.4
February 2003
National Data
D -26
Table 8.2. Contributions to Percent Change in Real Gross Domestic
Product
Table 8.3. Contributions to Percent Change in Real Personal
Consumption Expenditures by Major Type of Product
Seasonally adjusted at annual rates
2001
2002
2001
IV
Percent change at annual rate:
Gross domestic product.............
Percentage points at annual rates:
Personal consumption
expenditures..................................
Durable g o o d s ...............................
M o to r vehicles and p a rts .......
Furniture and household
e q u ip m e n t..............................
O ther.............................................
Nondurable g o o d s ........................
Food..............................................
Clothing and sh o e s..................
Gasoline, fuel oil, and other
energy g o o d s ........................
O th er.............................................
Services............................................
H o u s in g .......................................
Household operation................
Electricity and g a s ................
Other household operation.
Transportation............................
M edical care...............................
Recreation...................................
O ther.............................................
Gross private domestic investment
Fixed investm ent.........................
N onresidential............................
S tru c tu re s..............................
Equipm ent and softw are.....
Inform ation processing
equipm ent and software
Com puters and
peripheral
e q u ip m e n t................
S o ftw a re 1......................
O ther...............................
Industrial e q u ip m e n t......
Transportation equipm ent
O th e r...................................
R esidential..................................
Change in private inventories..
F a rm ............................................
N onfarm .......................................
Net exports of goods and services
Exports.............................................
G o o d s..........................................
S ervices.......................................
Im ports............................................
G oo d s..........................................
S ervices......................................
Government consumption
expenditures and gross
investm ent.....................................
Federal.............................................
National d e fe n se .......................
Consum ption expenditures
Gross in vestm ent.................
Nondefense.................................
C onsum ption expenditures
Gross in ve stm e n t.................
State and local..............................
Consum ption expenditures
Gross in ve stm e n t.................
Addenda:
G oods...............................................
Services...........................................
S tructu res........................................
M o to r vehicle o u tp u t...................
Final sales of c o m p u te rs 2
.3
2 .4
2.7
Seasonally adjusted at annual rates
2002
I
II
5 .0
2001
III
1.3
4 .0
IV
2001
IV
.7
1.67
.48
.24
2.12
.60
.20
4.05
2.45
1.88
2.22
-.5 5
-1 .1 8
1.22
.16
-.0 3
2.93
1.74
1.46
.67
-.6 4
-.9 3
.19
.06
.39
.09
.08
.30
.10
.62
.16
.17
.42
.15
.73
.13
.28
.43
.20
1.57
.65
.40
.20
.00
-.0 2
-.0 9
-.0 3
.18
.11
.22
-.0 5
.01
.23
.06
.77
.35
.21
.02
.21
.80
.17
.05
-.0 3
.08
-.0 2
.43
.08
.09
-1 .9 0
- .6 5
-.6 6
-.0 5
-.61
.06
.23
.89
.17
.00
-.01
.01
-.01
.46
.05
.23
.08
- .5 1
-.6 8
-.5 2
-.1 6
.07
.25
.87
.12
- .1 8
- .1 0
- .0 8
-.0 6
.48
.13
.38
-2 .8 8
- 1 .4 9
-1 .3 3
-1 .1 2
-.2 1
.16
.37
1.20
.22
.15
.14
.01
.10
.40
.04
.30
2.53
- .0 7
-.6 6
-.4 4
-.2 2
-.0 3
.13
1.08
.21
.06
.01
.06
-.0 3
.51
.07
.26
1.16
- .1 5
- .2 7
-.5 3
.26
.05
.22
.97
.18
.07
.09
-.0 1
-.0 2
.45
.00
.29
.55
- .0 3
-.0 8
- .6 2
.53
.02
.19
.55
.17
-.1 0
-.0 8
-.0 2
.03
.35
.13
-.0 3
- .1 0
.46
.16
-.2 4
.40
-.2 6
.10
- .0 5
.25
.46
.50
.15
-.0 2
-.0 2
-.2 2
-.0 7
-.2 3
-.0 4
.01
-1 .2 4
.04
-1 .2 8
- .1 8
- .5 9
-.4 7
-.1 3
.42
.40
.01
.12
.04
-.0 6
-.0 7
-.1 7
-.0 2
.17
.60
-.0 3
.62
-.6 1
- .1 4
-.2 4
.10
-.4 7
-.4 0
-.0 7
.22
.01
- .2 7
-.1 8
.22
-.2 0
-.1 6
-1 .3 9
.05
-1 .4 3
- .2 8
- .9 9
-.5 6
-.4 2
.70
.37
.33
.21
-.0 6
.10
.15
-.5 6
-.0 6
.60
2.60
.09
2.51
- .7 5
.33
-.2 3
.56
-1 .0 8
-.4 0
-.6 8
.10
.20
.16
-.1 1
-.3 2
.23
.12
1.31
- .2 0
1.51
- 1 .4 0
1 .29
.99
.30
-2 .6 9
-2 .7 4
.05
.26
.20
.04
.09
-.0 6
.01
.05
.58
- .1 0
.68
- .0 1
.45
.28
.17
- .4 7
-.4 0
- .0 7
.07
.09
-.0 1
-.1 2
.31
.06
.30
-.5 6
-.1 7
- .4 0
- .6 8
- .1 7
-.4 7
.30
- .5 1
-.3 1
-.2 0
.65
.29
.19
.16
.02
.10
.08
.01
.36
.30
.07
.81
.47
.37
.31
.06
.10
.07
.02
.35
.28
.07
1 .8 5
.80
.54
.53
.01
.26
.11
.15
1 .05
.41
.64
1 .0 4
.47
.46
.34
.12
.01
.03
-.0 2
.56
.25
.32
.27
.47
.32
.32
.00
.16
.10
.06
-.2 1
.16
- .3 7
.56
.29
.29
.19
.11
-.0 1
.07
- .0 7
.27
.17
.10
.86
.65
.46
.49
- .0 2
.19
.17
.02
.21
.15
.06
-.8 5
1.11
-.0 1
-.2 1
.08
1.16
1.51
-.2 7
.39
.08
1.52
1.75
- .5 4
.48
.19
2.89
1.60
.56
.31
-.0 6
.14
1.91
- .8 0
.25
.08
3.10
1.43
- .5 0
1.06
.39
-.9 0
1.48
.17
-.4 8
.17
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2. For some components of final sales of computers, includes computer parts.
Note. The quantity indexes on which the estimates in this table are based are shown in tables 7 .1 ,7 .2 ,7 .4 ,7.6,
7.9, 7.11, and 7.17.
2002
Percent change at annual rate:
Personal consumption
expenditures.............................
Percentage points at annual rates:
Durable goods...................................
M otor vehicles and p a rts ............
Furniture and household
equipm ent...................................
O th e r................................................
Nondurable goods............................
F o o d .................................................
Clothing and shoes.......................
Gasoline, fuel oil, and other
energy goo d s.............................
Gasoline and o il........................
Fuel oil and co a l........................
O th e r................................................
Services...............................................
H ousing...........................................
Household o p e ra tio n ...................
Electricity and g as.....................
Other household o p e ra tio n ....
T ransportation...............................
M edical c a re ...................................
R ecreation......................................
O th e r................................................
Addenda:
Energy goods and se rv ic e s ' ..........
Personal consum ption
expenditures less food and
energy...............................................
2002
I
III
II
IV
2.5
3.1
6.0
3.1
1.8
4.2
1.0
.71
.35
.87
.29
3.56
2.72
- .8 0
-1 .7 0
.23
-.0 5
2.49
2.09
- .9 2
-1 .3 3
.28
.08
.58
.13
.12
.43
.15
.90
.23
.25
.62
.21
1.08
.20
.41
.61
.29
2.23
.92
.57
.29
.00
-.0 3
-.1 3
-.0 4
.25
.15
.32
-.0 8
.01
.33
.09
1.10
.50
.30
.03
.05
-.0 3
.30
1.17
.25
.07
-.0 4
.12
-.0 3
.64
.11
.13
.09
.09
.00
.33
1.30
.24
.00
-.0 1
.01
-.0 1
.66
.07
.33
.10
.10
.00
.37
1.33
.19
-.2 5
- .1 4
-.1 2
- .0 8
.72
.19
.57
.22
.21
.01
.52
1.69
.30
.21
.20
.01
.14
.56
.05
.41
-.0 4
-.0 2
-.0 2
.19
1.56
.30
.09
.01
.08
-.0 4
.73
.10
.37
.07
.05
.02
.31
1.38
.25
.11
.12
-.0 2
-.0 3
.64
.00
.41
.02
-.0 5
.07
.28
.78
.24
-.1 4
-.11
-.0 2
.04
.49
.18
-.0 4
-.0 1
.08
- .0 4
.42
- .0 3
.19
-.0 9
2.35
2.76
5.81
1.78
1.94
4.07
.54
1. Consists of gasoline, fuel oil, and other energy goods, and of electricity and gas.
Noie The quantity indexes on which the estimates in this table are based are shown in table 7.4. The estimates
in this table differ from those in table 8.2 because this table shows contributions to real personal consumption
expenditures, whereas table 8.2 shows contributions to real gross domestic product.
February 2003
Survey
of
D -27
C u r r en t B u siness
Table 8.6. Contributions to Percent Change in Real Government
Consumption Expenditures and Gross Investment by Type
Table 8.4. Contributions to Percent Change in Real Private Fixed
Investment by Type
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2001
2002
IV
Percent change at annual rate:
Private fixed investm ent............
Percentage points at annual rates:
N onresidential...................................
Structures.......................................
Nonresidential buildings,
including fa rm .......................
U tilitie s.........................................
M ining exploration, shafts, and
w e lls .........................................
Other stru cture s........................
Equipment and softw are............
Inform ation processing
equipm ent and so ftw are.....
Com puters and peripheral
e q u ip m e n t1.......................
S o ftw a re 2 ..............................
O th er........................................
Industrial equipm ent................
Transportation equipm ent......
O ther............................................
R esidential.........................................
Structures......................................
Single fa m ily ..............................
M u ltifa m ily ..................................
Other stru ctu re s........................
Equipm ent......................................
2002
2001
I
II
2001
III
- 3 .2
- 8 .9
-.5
- 1 .0
-.3
3.1
-3 .8 8
-.3 1
-4 .2 1
-3 .2 3
-8 .0 3
-6 .8 7
-4 .2 9
-2 .8 3
-1 .7 4
-3 .4 4
-.5 8
-4 .0 5
1.09
-1 .5 9
-.9 5
-.01
-2 .4 8
-.1 9
-3 .1 4
-.0 8
-1 .9 8
.42
-2 .7 5
-.6 9
-2.8 1
-.7 8
-.6 7
-.0 7
.48
.16
-3 .5 7
-.31
-.2 5
- .9 8
-.3 3
-3 .3 3
-1 .1 6
-1 .2 8
.01
-1 .4 6
.02
-.01
1.70
-.0 9
-.3 8
3 .47
-.8 4
-.01
2.68
-1 .5 4
.62
-.2 4
1.57
2.99
3.26
.99
-.1 3
-.1 3
-1 .2 7
-.4 3
-1 .3 7
-.2 3
.07
.07
.11
.11
-.1 5
.00
.72
.24
-.3 4
-.4 5
-1 .0 6
-.0 9
1.05
1.04
.56
.15
.33
.02
1.36
.03
-1 .6 3
-1.11
1.39
-1 .2 0
- .8 8
- .9 2
-.7 7
.24
- .3 9
.04
1.32
-.41
.66
.95
-3 .5 6
-.4 2
3.79
3 .7 7
1.80
.62
1.35
.02
.65
1.31
1.02
-.7 0
-2 .0 6
1.48
.78
.76
.38
-.0 6
.43
.02
1.73
1.28
.25
.60
-.4 3
.04
.32
.32
.41
-.1 9
.09
.00
.47
.61
-.0 9
-.81
2.07
.43
2.00
1.98
1.47
-.3 6
.87
.02
1. Includes new computers and peripheral equipment only.
2. Excludes software “ embedded,” or bundled, in computers and other equipment.
Note The quantity indexes on which the estimates in this table are based are shown in table 7.6. The estimates
in this table differ from those in table 8.2 because this table shows contributions to real private fixed investment,
whereas table 8.2 shows contributions to real gross domestic product.
Table 8.5. Contributions to Percent Change in Real Exports and in Real
Imports of Goods and Services by Type of Product
Seasonally adjusted at annual rates
2002
2001
IV
Percent change at annual rate:
Exports of goods and services..
Percentage points at annual rates:
Exports of goods1.............................
Foods, feeds, and beverages.....
Industrial supplies and materials
Capital goods, except autom otive
A utom otive vehicles, engines,
and parts.....................................
Consum er goods, except
auto m otive ..................................
O th e r................................................
Exports of s ervices1........................
Percent change at annual rate:
Imports of goods and services.
Percentage points at annual rates:
Imports of g o ods1............................
Foods, feeds, and beverages.....
Industrial supplies and materials,
except petroleum and products
Petroleum and p ro d u c ts.............
Capital goods, except autom otive
A utom otive vehicles, engines,
and p arts.....................................
Consum er goods, except
a u to m otive ..................................
O th e r................................................
Imports of s ervices1.......................
2002
I
II
III
IV
- 5 .4
- 1 .3
- 9 .6
3.5
14.3
4.6
- 1 .7
-4 .2 3
.13
-.5 8
-3.21
-2 .3 3
-.1 2
.04
-2 .5 0
-5 .4 5
.82
.39
-5 .9 4
-2 .4 3
.08
-.4 7
-1 .7 9
10.92
-.6 1
2.84
4.48
2.86
-.6 1
-.9 9
3.21
-4 .7 5
-.21
.15
-2 .9 3
-.4 7
.27
-1 .1 0
-.2 5
2.73
.74
-2 .0 5
- .0 7
-.0 3
- 1 .1 4
-.2 8
.27
.99
- .4 6
.83
-4 .1 8
-.6 7
.67
5 .89
.96
.54
3.36
.59
-.0 7
1.77
.46
-.1 7
3 .03
- 2 .9
3 .5
- 5 .3
8.5
22.2
3.3
3.7
-2 .7 8
.14
3 .00
.17
-2 .7 6
- .2 5
3.2 4
.18
22.25
.41
2.81
.12
2.24
-.1 8
-.4 5
.27
-2 .7 3
.29
-.1 5
-.3 9
- .1 5
.27
-1 .4 0
.68
-1 .2 5
2.40
1.38
2.13
3.77
1.06
-1 .0 7
-.6 3
- .8 2
1.75
.40
-.41
1.00
-1 .4 7
.98
5.21
.57
-.51
.33
.07
-.0 8
1.85
.24
.48
-.6 2
.86
-2 .5 4
2.42
-2 .1 6
5.31
7.03
2.32
- .1 0
2.07
.69
.52
1.65
-.0 4
1.44
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services. Beginning with 1986, repairs and alterations of equipment were reclassified
from goods to services.
Note. The quantity indexes on which the estimates in this table are based are shown in table 7.10. The esti
mates in this table differ from those in table 8.2 because this table shows contributions to real exports and to real
imports, whereas table 8.2 shows contributions to real gross domestic product. Because imports are subtracted
in the calculation of gross domestic product, the contributions of components of real imports have opposite signs
in this table and in table 8.2.
2001
IV
IV
- 3 .8
2001
2002
Percent change at annual rate:
Government consumption
expenditures and gross
investm ent1...............................
Percentage points at annual rates:
F e d e ra l................................................
National defen se.........................
C onsum ption expenditures....
Durable g o o d s 2.....................
Nondurable g oo d s................
S e rvice s.................................
Compensation of general
governm ent employees,
except own-account
in ve stm e n t3..................
Consum ption o f general
governm ent fixed
c a p ita l4 ...........................
Other services ..................
Gross investm ent......................
S tru c tu re s..............................
Equipm ent and s o ftw a re ....
Nondefense....................................
Consum ption expenditures....
Durable g o o d s 2.....................
Nondurable goods................
S ervices..................................
Compensation of general
governm ent employees,
except own-account
in ve stm e n t3...................
Consum ption of general
governm ent fixed
c a p ita l4 ...........................
Other services ..................
Gross investm ent......................
S tru c tu re s..............................
Equipm ent and s o ftw a re ....
State and lo c a l..................................
Consum ption expenditures
Durable g o o d s 2.........................
Nondurable g o o d s ...................
S ervices......................................
Com pensation of general
governm ent employees,
except own-account
in ve stm e n t3.......................
C onsum ption o f general
governm ent fixed c a p ita l4
Other service s.......................
Gross in ve stm e n t.........................
S tructu res...................................
Equipm ent and softw are ..
2002
I
III
II
IV
3 .7
4 .4
10.5
5.6
1 .4
2.9
4.6
1.61
1.06
.92
.09
.03
.80
2.52
2.01
1.69
.05
.08
1.56
4.49
3.01
2.94
-.4 5
.34
3.04
2.53
2.46
1.81
.13
.04
1.65
2.52
1.68
1.69
.03
.03
1.63
1.50
1.53
.98
.29
-.01
.70
3.47
2.46
2.59
-.2 6
-.1 7
3.02
.05
.14
.09
.30
.36
.14
-.3 7
-.01
.76
.14
-.0 1
.14
.55
.47
.01
.13
.34
.01
1.40
.32
-.0 1
.33
.52
.40
.01
.03
.37
.00
2.94
.08
.13
- .0 6
1.48
.63
.02
.10
.51
.01
1.34
.65
-.1 2
.77
.07
.16
.01
.07
.08
.02
1.25
-.01
.05
- .0 7
.84
.52
.00
.22
.29
.03
.53
.56
.00
.56
- .0 4
.35
.01
-.1 7
.51
.04
3.35
-.1 3
-.01
-.11
1.01
.89
.01
.01
.87
-.0 3
.12
-.0 5
.11
-.0 4
.31
.89
.11
.26
.08
-.0 4
.11
2.05
1.66
.06
.36
1.24
.11
.14
.12
.09
.03
1.89
1.52
.05
.24
1.22
.12
.44
.85
.38
.46
5.98
2.43
.07
.34
2.02
.11
-.1 4
-.1 0
.34
-.4 3
3 .03
1.33
.06
.24
1.03
.11
.22
.32
-.2 5
.57
-1 .1 0
.84
.04
.17
.63
.11
.09
-.3 9
-.1 9
-.2 0
1.42
.89
.04
.17
.67
.12
-.1 3
.11
.22
-.1 1
1.15
.84
.04
.18
.62
.79
.79
1.28
.50
.36
.46
.47
.24
.21
.39
.23
.16
.23
.21
.37
.43
-.0 5
.26
.48
3.56
3.61
-.0 6
.27
.26
1.70
1.95
-.2 5
.20
.08
-1 .9 4
-1 .8 7
-.0 7
.17
.04
.53
.52
.02
.15
-.01
.31
.38
-.0 6
1. Gross government investment consists of general government and government enterprise expenditures for
fixed assets; inventory investment is included in government consumption expenditures.
2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for
goods transferred to foreign countries by the Federal Government.
3. Compensation of government employees engaged in new own-account investment and related expenditures
for goods and services are classified as investment in structures and in software.
4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a
partial measure of the value of the services of general government fixed assets; use of depreciation assumes a
zero net return on these assets.
Note. The quantity indexes on which the estimates in this table are based are shown in table 7.11. The esti
mates in this table differ from those in table 8.2 because this table shows contributions to real government
consumption expenditures and gross investment, whereas table 8.2 shows contributions to real gross domestic
product.
D -28
National D ata
February 2003
Table 8.7. Selected Per Capita Product and Income Series in Current and Chained Dollars
[Dollars]
Seasonally adjusted at annual rates
2001
2002
2001
2002
IV
Current dollars:
Gross dom estic p ro d u ct................................................................................................................................
G ross national p ro d u c t...................................................................................................................................
Personal incom e...............................................................................................................................................
Disposable personal in c o m e ........................................................................................................................
Personal consum ption e xpenditures..........................................................................................................
Durable g o o d s ..............................................................................................................................................
Nondurable g o o d s .......................................................................................................................................
Services..........................................................................................................................................................
Chained (1996) dollars:
Gross dom estic p ro d u ct................................................................................................................................
Gross national p ro d u ct...................................................................................................................................
Disposable personal in c o m e ........................................................................................................................
Personal consum ption e xpenditures..........................................................................................................
Durable g o o d s ..............................................................................................................................................
Nondurable g o o d s .......................................................................................................................................
S ervices..........................................................................................................................................................
Population (m id-period, th o u sa n d s)..............................................................................................................
35,398
35,475
30,494
25,957
24,531
2,935
7,167
14,430
32,352
32,432
23,692
22,390
3,272
6,565
12,622
284,822
36,326
31,129
27,239
25,398
3,035
7,354
15,009
32,826
24,523
22,866
3,480
6,707
12,780
287,456
I
II
IV
III
35,512
35,636
30,434
25,853
24,834
3,087
7,151
14,596
35,996
36,002
30,727
26,759
25,040
2,998
7,278
14,765
36,147
36,077
31,052
27,144
25,271
2,985
7,344
14,942
36,509
36,471
31,252
27,404
25,579
3,120
7,356
15,102
32,350
32,471
23,537
22,609
3,470
6,593
12,650
285,898
32,681
32,696
24,296
22,735
3,406
6,706
12,712
286,507
32,718
32,663
24,479
22,790
3,416
6,691
12,771
287,072
32,962
32 936
24,609
22,969
3,588
6,692
12,812
287,770
36,649
31,481
27,645
25,700
3,036
7,437
15,227
32,943
24,706
22,968
3,511
6,739
12,823
288,475
Table 8.8B. Motor Vehicle Output
Table 8.9B. Real Motor Vehicle Output
[Billions of dollars]
[Billions of chained (1996) dollars]
Seasonally adjusted at annual rates
2001
Motor vehicle output..............
Auto o u tp u t............................
Truck o u tp u t1.......................
Final sales of domestic product......
Personal consumption
expenditures..................................
New m o to r v e h icle s......................
A u to s ...........................................
Light tru c k s................................
Net purchases of used a u to s .....
Private fixed investm ent................
New m o to r v e h icle s......................
A u to s ...........................................
T ru cks..........................................
L ight tru c k s ............................
O th e r........................................
Net purchases of used a u to s .....
Gross government investm ent.....
A u to s ................................................
New tr u c k s .....................................
Net exports.........................................
E xp orts.............................................
A u to s ...........................................
T ru cks..........................................
Im p o rts.............................................
A u to s ............................................
T ru cks..........................................
Change in private inventories...........
Autos.....................................................
N e w ...................................................
D om estic......................................
Foreign.........................................
U se d ..................................................
New trucks..........................................
D o m e s tic.........................................
Fo reig n .............................................
Addenda:
Final sales of m o to r vehicles to
dom estic p u rch a se rs...................
Private fixed investm ent in new
autos and new ligh t tru c k s ..........
Dom estic output of new a u to s 2 ....
Sales of im ported new a u to s 3
2002
2001
Seasonally adjusted at annual rates
2002
IV
I
344.5
112.0
232.5
3 30.7
327.7
112.7
215.0
364.4
3 31.8
114.1
217.7
3 20.4
288 .4
299.7
241.2
227.8
105.9
103.3
121.8
137.9
58.5
60.6
127.7
122.4
164.2
157.8
67.4
70.6
90.4
93.6
70.2
66.8
23.4
23.6
-3 5 .4
-3 6 .5
13.7
13.6
3.8
3.9
9.6
9.9
-1
0
5
.0
-1 0 0 .5
25.4
28.6
17.8
20.3
7.6
8.3
133.6
125.9
106.7
114.0
19.6
19.2
-1 7 .3
13.8
-6 .1
7.9
-6 .7
7.5
6.2
-7 .4
.7
1.2
.4
.6
- 1 1 .3
6.0
-1 0 .7
4.3
1.7
- .5
322.6
266.2
117.2
149.0
56.4
125.7
159.3
65.8
93.5
71.2
22.3
-3 3 .5
14.2
4.0
10.2
-9 8 .1
26.4
18.9
7.4
124.4
103.7
20.7
-3 6 .7
-1 2 .4
-1 2 .9
-1 3 .5
.6
.5
-2 4 .4
-2 3 .7
- .7
287.5
290.6
321.8
299.0
228.8
262.9
235.1
238.0
104.1
102.2
109.6
97.1
131.0
126.6
153.3
140.9
58.7
55.5
59.0
61.0
119.9
129.9
114.9
125.0
147.5
155.1
161.5
167.0
66.4
62.5
69.8
70.9
88.7
85.0
91.8
96.1
65.7
64.0
66.0
71.5
23.0
25.7
21.0
24.6
-3 2 .6
-3 5 .2
-3 6 .6
-37.1
13.7
12.7
12.4
15.4
4.1
3.7
3.6
4.3
9.0
9.7
8.9
11.0
-9 8 .9 -1 0 7 .5 -1 0 5 .4 -1 0 8 .3
25.9
28.3
30.5
29.6
18.6
20.6
21.6
20.4
7.4
7.7
8.8
9.2
135.8
124.8
135.9
137.9
105.7
116.6
116.9
116.7
19.2
19.1
19.0
21.3
11.4
22.1
6.9
14.9
7.6
10.5
5.7
7.7
7.1
10.4
4.4
7.9
6.9
9.1
7.9
1.2
.2
1.3
-3 .4
6.7
.1
.5
1.3
- .2
3.8
11.6
1.2
7.2
11.6
2.4
2.2
1.0
1.4
.1
-1 .0
6.2
312.0
109.6
202.4
329.3
II
2001
334.7
110.3
224.4
312 .6
III
360.7
115.8
244.9
3 53.8
IV
350.8
107.6
243.3
335 .9
429.8
435.7
462.5
419.3
420.1
459.2
444.2
140.8
107.3
82.9
134.2
112.8
85.0
136.9
106.0
87.0
126.5
111.2
81.6
132.1
115.8
82.3
135.8
119.3
89.1
142.4
104.9
86.7
1. Except for exports and imports, consists of new trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government invest
ment.
2002
IV
Motor vehicle output..............
A uto o u tp u t............................
Truck o u tp u t' ........................
Final sales ot domestic product......
Personal consumption
expenditures..................................
New m otor veh icles......................
A u to s ...........................................
Light tru c k s................................
Net purchases of used a u to s .....
Private fixed investm ent................
New m o to r veh icles......................
A u to s ...........................................
T ru cks..........................................
Light tru c k s ............................
O ther........................................
Net purchases of used a u to s .....
Gross government investm ent.....
A u to s ................................................
New tru c k s .....................................
Net exports.........................................
E xp orts ............................................
A u to s ...........................................
Tru cks..........................................
Im p o rts............................................
A u to s ...........................................
T rucks..........................................
Change in private inventories...........
Autos.....................................................
N e w ..................................................
D o m es tic....................................
Foreign.........................................
U sed.................................................
New trucks..........................................
D o m estic.........................................
Foreign............................................
R esidual....................................................
Addenda:
Final sales of m o to r vehicles to
dom estic purchasers...................
Private fixed investm ent in new
autos and new ligh t t r u c k s ........
Dom estic output of new a u to s 2.....
Sales of im ported new a u to s 3
315.9
113.4
202.0
3 33 .9
2002
2001
I
II
III
356 .5
118.8
236.7
342 .5
332.6
117.0
214.9
370.2
340.5
119.8
220.0
328.7
290 .0
3 07 .4
229.2
246.7
108.0
106.6
120.9
139.6
60.4
60.4
129.1
124.3
165.8
161.6
71.9
69.6
94.0
92.2
72.0
70.7
22.4
21.8
-3 6 .7
-3 7 .2
13.7
13.6
3.7
3.7
10.0
9.9
-9 7 .8 -1 0 1 .7
24.0
26.7
17.2
19.4
7.0
7.5
121.8
128.4
103.7
110.0
18.2
18.4
-1 5 .9
12.5
-6 .2
8.2
-6 .8
7.6
-7 .6
6.5
.7
1.1
.6
.5
-8 .8
4.4
-8 .3
3.2
- .5
1.4
324 .8
267.5
119.3
147.6
56.9
126.7
161.0
67.0
94.1
73.7
21.0
-3 4 .2
14.2
3.9
10.3
-9 4 .9
24.9
18.2
6.8
119.8
100.2
19.6
-3 3 .5
-1 2 .7
-1 3 .2
-1 4 .0
.6
.5
-1 8 .8
-1 8 .0
- .7
295.9
330.6
307.4
295.8
234.9
269.9
243.1
239.1
106.8
105.8
113.6
100.2
131.8
128.7
155.6
142.2
56.5
60.3
64.1
60.5
115.8
121.7
128.9
130.9
149.6
158.7
167.2
171.0
64.1
68.7
72.3
73.1
85.6
90.1
97.9
95.0
66.3
69.1
76.0
71.5
19.7
21.4
23.7
22.5
-3 3 .7
-3 7 .0
-3 8 .2
-4 0 .0
13.6
12.7
15.5
12.5
3.9
3.4
4.2
3.5
9.8
9.2
9.2
11.3
-9 5 .7 -1 0 4 .3 -1 0 2 .2 -1 0 4 .6
24.4
26.6
28.5
27.5
17.8
19.7
20.7
19.3
6.7
7.9
7.0
8.2
120.1
130.9
130.7
132.1
102.1
112.9
112.2
113.0
18.0
18.0
17.8
19.9
10.2
20.1
13.4
6.3
7.8
10.8
6.0
8.0
7.2
10.7
4.6
8.0
7.1
9.5
1.1
8.3
.2
1.2
6.4
-3 .3
.5
.1
- .2
1.4
2.8
8.7
.9
5.3
1.7
8.6
.9
1.6
1.3
.1
5.3
- .9
.1
2.0
- .6
.1
347.2
117.3
229.0
324.3
375.7
123.4
251.2
369.1
IV
362.6
114.4
246.9
348.0
-3 .9
.2
-6 .5
432.5
445.2
465.4
425.2
430.0
471.8
453.7
143.8
108.4
84.6
140.2
114.7
87.7
140.5
107.5
88.0
130.4
112.7
83.7
137.6
118.1
85.1
143.7
121.9
92.3
149.0
106.1
89.5
1. Except for exports and imports, consists of new trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government invest
ment.
Noie Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the
lines in the addenda.
Chain-type quantity indexes for the series in this table are shown in table 7.18B.
February 2003
Survey
of
D -29
C u r r en t B usiness
Table 8.30. Contributions to Percent Change in the Gross Domestic Purchases Price Index
Seasonally adjusted at annual rates
2001
2002
2001
2002
IV
Percent change at annual rate:
Gross domestic purchases.....................................................................................................................
Percentage points at annual rates:
Personal consumption expenditures.......................................................................................................
Durable g o o d s .............................................................................................................................................
M o to r vehicles and p a rts .....................................................................................................................
Furniture and household e q u ip m e n t.................................................................................................
O ther...........................................................................................................................................................
Nondurable g o o d s ......................................................................................................................................
Food............................................................................................................................................................
Clothing and s h o e s ................................................................................................................................
Gasoline, fuel oil, and other energy g o o d s......................................................................................
O ther...........................................................................................................................................................
S ervices.........................................................................................................................................................
H o u s in g ....................................................................................................................................................
Household operation..............................................................................................................................
Electricity and g a s ..............................................................................................................................
Other household o peration..............................................................................................................
Transportation..........................................................................................................................................
Medical care.............................................................................................................................................
Recreation.................................................................................................................................................
O ther...........................................................................................................................................................
Gross private domestic investm ent..........................................................................................................
Fixed investm ent.......................................................................................................................................
Nonresidential..........................................................................................................................................
S tru c tu re s............................................................................................................................................
Equipm ent and softw are...................................................................................................................
Inform ation processing equipm ent and s o ftw a re .................................................................
Com puters and peripheral e quipm ent..................................................................................
S o ftw a re ' ....................................................................................................................................
O ther.............................................................................................................................................
Industrial e q u ip m e n t....................................................................................................................
Transportation equipm ent............................................................................................................
Other equipm ent.............................................................................................................................
R esidential................................................................................................................................................
Change in private inventories................................................................................................................
F a rm ...........................................................................................................................................................
N onfarm ....................................................................................................................................................
Government consumption expenditures and gross investm ent......................................................
Federal...........................................................................................................................................................
National d e fe nse .....................................................................................................................................
Consum ption expen d itu res.............................................................................................................
Gross in ve stm e n t...............................................................................................................................
Nondefense..............................................................................................................................................
Consum ption e xp en d itu res.............................................................................................................
Gross in ve stm e n t...............................................................................................................................
State and local............................................................................................................................................
Consum ption e xp en d itu res.............................................................................................................
Gross in ve stm e n t...............................................................................................................................
Addenda:
Final sales of c o m p u te rs 2.........................................................................................................................
Gross dom estic purchases less final sales of co m p u te rs ................................................................
F o o d ...............................................................................................................................................................
Energy goods and services.......................................................................................................................
Gross dom estic purchases less food and e n e rg y ..............................................................................
1.9
1.2
.4
1.34
- .1 6
.01
-.1 7
.01
.29
.28
-.0 6
-.0 6
.12
1.21
.37
.15
.15
.00
.05
.37
.08
.19
.19
.19
.02
.15
-.1 4
- .1 6
- .1 7
.03
-.0 3
.01
-.0 1
.02
.17
.00
.00
.00
.41
.10
.06
.07
.00
.04
.04
.00
.31
.26
.05
.93
-.2 3
-.0 5
-.1 6
-.0 1
.08
.19
-.0 8
-.1 1
.09
1.07
.38
-.0 3
-.0 8
.05
.05
.29
.08
.31
- .0 9
- .0 6
-.1 5
-.0 2
-.1 3
- .1 4
-.11
-.0 1
-.0 2
.00
.00
.01
.09
- .0 2
.00
-.0 2
.31
.17
.09
.10
.00
.08
.08
.00
.14
.12
.02
.55
-.1 2
.04
-.1 5
-.0 1
- .6 9
.22
-.0 7
-.9 3
.08
1.37
.44
-.1 3
-.2 4
.11
.02
.46
.07
.52
- .0 4
- .0 2
-.1 8
-.0 5
-.1 3
- .1 6
-.1 4
.00
-.0 2
.00
.01
.02
.16
- .0 2
.00
-.0 2
- .0 6
-.0 3
-.0 4
-.0 2
-.0 2
.01
.01
.00
- .0 4
-.0 8
.05
- .2 7
2.21
.28
.09
1.57
- .1 9
1.34
.18
- .2 6
1.23
-.2 3
.68
.22
-1 .5 2
1.74
1. Excludes software “embedded," or bundled, in computers and other equipment.
2. For some components of final sales of computers, includes computer parts.
Note The price indexes on which the estimates in this table are based are shown in tables 7.1, 7 .2 ,7 .4 , 7.6, and 7.11.
I
•
II
III
IV
1.2
2 .3
1.2
1.8
.74
-.3 5
-.1 3
-.2 0
-.0 2
.05
.23
-.0 6
-.1 7
.05
1.05
.42
-.0 5
-.1 0
.05
.07
.23
.06
.33
- .2 2
- .2 2
-.2 2
-.1 0
-.1 2
-.11
-.1 0
.00
-.01
-.01
.00
.01
.00
.00
.00
.00
.64
.50
.28
.29
-.0 1
.22
.23
.00
.13
.13
.00
1 .83
-.2 3
-.1 0
-.1 2
-.0 1
.89
.05
-.0 4
.72
.16
1.18
.33
.00
.03
-.0 3
.11
.27
.11
.35
-.0 6
- .0 3
-.1 5
.02
-.1 7
-.1 3
-.0 6
-.0 5
-.0 2
-.01
-.0 3
-.01
.11
-.0 3
.00
-.0 3
.51
.15
.08
.08
.00
.06
.07
.00
.36
.33
.03
1.15
-.1 6
.03
-.1 6
-.0 2
.12
.09
-.11
.09
.06
1.19
.28
.13
.01
.12
.04
.30
.08
.36
-.1 6
- .1 4
-.1 4
.01
-.1 5
-.11
-.1 0
.01
-.0 2
.02
-.0 6
.01
.00
- .0 3
.00
-.0 2
.26
.08
.06
.06
.00
.02
.02
.00
.18
.17
.00
1 .30
-.1 8
-.01
-.1 5
-.0 2
.30
.16
-.01
.25
-.1 0
1.18
.29
.08
.05
.04
.07
.40
.09
.24
.20
.21
.04
.05
-.01
-.1 4
-.1 0
-.01
-.0 2
.01
.11
.00
.17
.00
.00
.00
.30
.04
.05
.05
.00
-.01
-.01
.00
.26
.25
.01
-.1 9
1.35
.23
-.3 2
1.25
-.11
2.39
.04
.93
1.31
-.1 6
1.41
.06
.14
1.05
-.1 9
2.00
.16
.42
1.23
D -30
February 2003
B. O th e r N IPA a n d N IP A -R e la te d T ab le s
Monthly Estim ates
Tables B. 1 and B.2 include the most recent estimates of personal income and its components; these estimates
were released on January 31, 2003, and they include “preliminary” estimates for December 2002 and “revised”
estimates for October and November 2002.
Table B.1. Personal Income
[Billions of dollars; m onthly estim ates seasonally adjusted at annual rates]
2001
2001
2002
2002
Nov.
Dec.
Jan.
Feb.
March
April
May
June
July
Aug.
Sep.
O ct.'
Nov.r
Dec. "
Personal Income.....................................................................
Wage and salary disbursements........................................
Private industries
Goods-producing industries......................................
Manufacturing.........................................................
Distributive industries
Service industries........................................................
Government.......
Other labor income.
Proprietors’ income with IVA and CCAdj..........................
Farm..................................................................................
Nonfarm ............................................................................
8,685.3
4,950.6
4,139.8
1,142.4
789.4
1,109.2
1,888.2
810.8
570.4
727.9
19.0
708.8
8,948.1
5,023.9
4,171.0
1,123.1
764.5
1,118.9
1,929.0
852.9
610.8
756.9
12.7
744.2
8,686.7
4,922.3
4,097.6
1,121.7
768.6
1,096.1
1,879.8
824.6
576.2
729.4
19.2
710.2
8,730.9
4,948.6
4,120.8
1,123.0
768.2
1,102.4
1,895.4
827.8
577.9
736.8
19.4
717.4
8,766.8
4,941.0
4,104.7
1,115.2
759.1
1,103.6
1,885.9
836.3
586.1
743.3
20.8
722.4
8,807.2
4,956.9
4,116.0
1,116.1
759.0
1,109.6
1,890.3
840.9
590.7
750.0
21.8
728.2
8,836.3
4,975.4
4,131.4
1,119.4
760.2
1,117.1
1,894.8
844.1
595.5
751.9
22.5
729.4
8,865.5
4,968.8
4,123.0
1,116.4
760.5
1,107.9
1,898.7
845.8
599.8
751.4
14.0
737.4
8,904.9
4,989.0
4,140.7
1,119.3
764.3
1,113.2
1,908.2
848.3
603.9
746.0
5.1
740.9
8,971.7
5,034.0
4,183.1
1,128.2
771.2
1,124.7
1,930.2
851.0
608.5
745.1
3.3
741.7
8,965.0
5,016.7
4,163.1
1,121.8
765.6
1,115.6
1,925.7
853.6
613.0
755.0
7.7
747.4
8,992.9
5,045.7
4,188.0
1,128.1
768.4
1,120.1
1,939.7
857.7
617.5
757.4
10.7
746.7
9,022.2
5,068.5
4,208.6
1,128.2
766.9
1,125.2
1,955.1
860.0
622.1
763.8
13.8
750.0
9,051.2
5,082.4
4,219.0
1,128.3
767.1
1,127.8
1,963.0
863.4
626.5
770.6
12.6
757.9
9,079.1
5,096.5
4,230.9
1,126.6
765.1
1,128.9
1,975.4
865.6
630.8
771.9
11.0
760.9
9,114.4
5,111.3
4,243.1
1,129.4
766.2
1,132.9
1,980.8
868.2
635.5
776.1
9.1
767.0
Rental income of persons with CCAdj...............................
Personal dividend income...................................................
137.9
409.2
143.9
433.8
139.6
417.2
137.3
419.6
139.4
421.8
141.3
423.8
143.2
425.5
148.3
428.0
153.5
430.3
158.7
432.7
152.4
435.0
144.1
437.3
135.9
439.4
136.2
441.6
136.8
443.8
137.2
446.0
Personal interest income.....................................................
Transfer payments to persons............................................
Old-age, survivors, disability, and health insurance
benefits........................................................................
Government unemployment insurance benefits..........
O ther.................................................................................
Less. Personal contributions for social insurance................
1,091.3
1,170.4
1,077.3
1,287.1
1,072.2
1,201.9
1,071.9
1,212.9
1,070.9
1,243.5
1,069.9
1,255.0
1,069.0
1,257.6
1,075.7
1,275.0
1,082.3
1,282.9
1,088.9
1,289.9
1,084.8
1,293.2
1,080.7
1,297.3
1,076.7
1,304.6
1,076.4
1,307.4
1,076.1
1,314.2
1,075.8
1,324.6
664.3
31.9
474.2
372.3
699.3
62.9
524.9
385.5
673.5
39.0
489.4
372.1
678.2
42.3
492.4
374.0
688.7
48.1
506.7
379.2
693.2
52.6
509.1
380.4
688.6
56.2
512.8
381.8
695.1
63.5
516.4
381.6
696.3
67.7
518.9
383.0
697.4
70.8
521.7
386.1
699.2
68.1
525.9
385.2
701.9
66.9
528.5
387.2
704.6
67.8
532.3
388.8
703.1
66.0
538.2
389.9
708.3
63.8
542.1
391.0
715.3
63.1
546.3
392.1
July
Aug.
Sep.
Oct. '
Nov. '
Dec. f
'’ Preliminary.
'Revised.
CCAdj Capital consumption adjustment.
IVA Inventory valuation adjustment.
Source: U.S. Bureau of Economic Analysis.
Table B.2. The Disposition of Personal Income
[M onthly estim ates seasonally adjusted at annual rates]
2001
2001
2002
2002
Nov.
Dec.
Jan.
Feb.
March
April
May
June
Billions of dollars, unless otherwise indicated
Personal income.....................................................................
Less: Personal tax and nontax payments..............................
8,685.3
1,292.1
8,948.1
1,118.1
8,686.7
1,304.5
8,730.9
1,312.0
8,766.8
1,140.1
8,807.2
1,136.1
8,836.3
1,134.0
8,865.5
1,123.9
8,904.9
1,119.6
8,971.7
1,122.0
8,965.0
1,108.8
8,992.9
1,107.1
9,022.2
1,106.2
9,051.2
1,105.9
9,079.1
1,105.6
9,114.4
1,108.3
E quals: 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)
7,393.2
7,223.5
6,987.0
835.9
2,041.3
4,109.9
205.4
31.1
7,830.0
7,521.7
7,300.9
872.4
2,113.9
4,314.5
188.5
32.4
7,382.2
7,316.9
7,087.4
878.4
2,036.1
4,172.8
198.9
30.6
7,418.9
7,325.1
7,097.9
856.2
2,050.7
4,191.0
196.7
30.6
7,626.7
7,355.7
7,130.6
853.6
2,074.1
4,202.8
193.7
31.5
7,671.1
7,408.9
7,186.8
863.5
2,089.1
4,234.2
190.6
31.5
7,702.2
7,424.3
7,205.3
859.8
2,092.1
4,253.4
187.6
31.5
7,741.6
7,464.1
7,242.7
868.2
2,110.9
4,263.5
189.4
31.9
7,785.3
7,467.9
7,244.6
845.2
2,101.9
4,297.4
191.3
31.9
7,849.7
7,501.8
7,276.7
857.4
2,111.7
4,307.6
193.2
31.9
7,856.2
7,579.9
7,355.7
901.6
2,117.8
4,336.3
191.3
32.9
7,885.8
7,601.6
7,379.3
919.0
2,117.3
4,343.0
189.3
32.9
7,916.0
7,567.5
7,347.2
872.8
2,115.6
4,358.8
187.4
32.9
7,945.2
7,590.3
7,372.1
853.2
2,137.6
4,381.3
185.1
33.1
7,973.5
7,617.4
7,401.5
861.2
2,146.6
4,393.7
182.7
33.1
8,006.2
7,681.3
7,467.8
913.4
2,151.9
4,402.5
180.3
33.1
E quals: Personal saving.......................................................
169.7
308.2
65.3
93.8
271.0
262.2
277.9
277.5
317.5
347.9
276.3
284.2
348.4
354.9
356.1
324.9
6,748.0
7,049.2
6,718.7
6,761.9
6,938.8
6,965.7
6,978.3
6,983.2
7,024.4
7,073.9
7,070.1
7,080.7
7,093.7
7,104.7
7,124.8
7,151.9
25,957
23,692
284,822
27,239
24,523
287,456
25,821
23,500
285,906
25,929
23,633
286,124
26,636
24,234
286,328
26,774
24,312
286,512
26,867
24,342
286,681
26,987
24,343
286,865
27,120
24,470
287,067
27,324
24,623
287,284
27,324
24,590
287,519
27,403
24,606
287,768
27,484
24,629
288,024
27,562
24,647
288,263
27,640
27,733
24,698
24,774
288,480 288,682
6,377.2
931.9
1,869.8
3,594.9
109.56
6,572.9
1,000.5
1,928.0
3,673.6
111.07
6,450.3
987.1
1,877.2
3,614.7
109.88
6,469.3
962.4
1,904.4
3,626.3
109.72
6,487.4
963.6
1,920.5
3,627.3
109.92
6,526.0
982.9
1,926.1
3,644.0
110.13
6,528.1
981.2
1,917.5
3,655.2
110.38
6,533.2
992.5
1,915.9
3,653.2
110.86
6,536.6
966.3
1,919.7
3,672.4
110.83
6,557.5
983.2
1,926.9
3,672.9
110.97
6,619.7
1,036.4
1,931.0
3,688.5
111.12
6,625.9
1,057.3
1,926.2
3,683.4
111.37
6,584.0
1,003.5
1,920.2
3,689.0
111.59
6,592.2
982.5
1,935.8
3,697.5
111.83
6,613.7
995.7
1,944.4
3,700.1
111.91
6,671.1
1,060.6
1,952.3
3,699.7
111.95
2.3
3.9
0.9
1.3
3.6
3.4
3.6
3.6
4.1
4.4
3.5
3.6
4.4
4.5
4.5
4.1
Addenda:
Disposable personal income:
Billions of chained (1996) dollars1.................................
Per capita:
Current dollars..................................................................
Chained (1996 dollars)....................................................
Population (thousands)2......................................................
Personal consumption expenditures:
Billions of chained (1996) dollars..................................
Durable goods..............................................................
Nondurable goods.......................................................
Services.......................................................................
Implicit price deflator, 1996=100...................................
Personal saving as percentage of disposable personal
income...............................................................................
Percent change from preceding period, monthly changes at monthly rates
Personal income, current dollars........................................
Disposable personal income:
Current dollars......................................................................
Chained (1996) dollars........................................................
Personal consumption expenditures:
Current dollars......................................................................
Chained (1996) dollars........................................................
3.3
3.0
0.0
0.5
0.4
0.5
0.3
0.3
0.4
0.7
-0.1
0.3
0.3
0.3
0.3
0.4
3.8
1.8
5.9
4.5
0.1
0.2
0.5
0.6
2.8
2.6
0.6
0.4
0.4
0.2
0.5
0.1
0.6
0.6
0.8
0.7
0.1
-0.1
0.4
0.2
0.4
0.2
0.4
0.2
0.4
0.3
0.4
0.4
4.5
2.5
4.5
3.1
-0.4
-0.3
0.1
0.3
0.5
0.3
0.8
0.6
0.3
0.0
0.5
0.1
0.0
0.1
0.4
0.3
1.1
0.9
0.3
0.1
-0.4
-0.6
0.3
0.1
0.4
0.3
0.9
0.9
" Preliminary.
' Revised.
1. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
2. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized
population. The monthly estimate is the average of estimates for the first of the month and the first of the following month;
the annual estimate is the average of the monthly estimates.
Source: U.S. Bureau of Economic Analysis.
February 2003
Su r v e y
of
D-31
C u r r e n t B u s in e s s
Annual Estimates
Except as noted for table B .3 below, these tables are derived from the NIPA tables that were published in the
August and September 2002 issues of the S u r v e y o f C u r r e n t B u s in e s s , and the estimates reflect the most recent
comprehensive and annual NIPA revisions.
Table B.3. Gross Domestic Product by Industry, Current-Dollar and Real Estimates for 1999-2001
Billions of dollars
1999
2000
Gross domestic product........
9,274.3
9,824.6
Private industries................................
8,123.0
Agriculture, forestry, and fishing
Farms............................................
Agricultural services, forestry,
and fish in g ...............................
M ining...............................................
Metal m ining ................................
Oil and gas extraction..................
Nonmetallic minerals, except
fu e ls..........................................
Billions of chained (1996) dollars
2001
1999
2000
2001
10,082.2
8,859.0
9,191.4
9,214.5
8,606.9
8,800.8
7,851.0
8,157.8
8,189.4
127.7
75.2
134.3
77.8
140.6
80.6
154.6
108.1
166.7
120.5
163.9
114.3
52.5
56.5
60.1
46.2
47.6
49.1
104.1
5.6
10.8
76.4
133.1
5.2
9.2
106.5
139.0
5.7
10.5
110.3
114.7
9.0
13.5
82.0
101.9
8.0
11.9
70.5
106.8
9.6
13.9
72.9
11.4
12.2
12.6
10.7
12.2
12.4
Construction.....................................
425.4
461.3
480.0
367.8
378.0
371.9
Manufacturing.................................
1,481.3
853.8
44.1
25.8
1,520.3
886.4
42.1
26.1
1,423.0
812.8
39.2
25.0
1,513.9
949.3
40.9
23.7
1,585.4
1,044.3
41.8
24.1
1,490.3
990.1
39.0
22.4
41.4
50.5
106.9
40.6
50.2
109.6
36.7
45.1
100.8
37.4
57.0
97.7
37.2
56.1
102.7
33.9
53.5
92.3
152.3
173.1
148.2
206.7
249.2
222.5
Lumber and wood products
Stone, clay, and glass
products...............................
Primary metal industries........
Fabricated metal products......
Industrial machinery and
equipm ent...........................
Electronic and other electric
equipment............................
Motor vehicles and equipment
Other transportation
equipment............................
Instruments and related
products...............................
Miscellaneous manufacturing
in d u strie s............................
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
Leather and leather products
Transportation and public utilities ...
Railroad transportation..............
Local and interurban passenger
transit........................................
Water transportation...................
Pipelines, except natural gas......
161.2
119.4
143.1
111.4
249.2
115.0
311.8
117.3
65.1
66.3
71.4
61.7
60.5
58.2
63.5
61.7
47.6
51.0
28.9
627.5
136.6
19.4
24.9
32.5
633.9
127.0
21.2
23.8
30.2
610.2
123.7
21.1
22.1
27.4
570.8
120.5
6.8
23.0
31.3
558.0
111.2
6.2
23.2
24.7
56.8
105.4
167.3
30.4
24.7
60.2
106.5
169.0
38.5
23.3
55.9
100.2
163.5
40.6
22.9
56.1
90.4
160.6
35.3
23.3
53.1
90.1
162.8
29.9
58.7
3.4
59.3
3.7
56.6
3.3
57.6
3.2
61.3
3.6
57.0
3.1
770.1
301.9
23.1
809.3
313.7
24.8
819.5
306.1
25.8
732.2
268.6
22.4
781.9
282.5
25.0
780.5
270.3
25.0
17.9
121.4
13.4
90.0
6.2
18.3
123.3
15.0
91.9
6.3
19.1
126.0
15.7
80 2
6.5
16.8
100.2
12.0
80.7
6.6
17.2
103.4
13.4
84.8
6.4
17.2
99.3
13.3
78.3
6.0
1. The current-dollar statistical discrepancy equals gross domestic product (GDP) measured as the sum of
expenditures less gross domestic income— that is, GDP measured as the costs incurred and profits earned in
domestic production. The chained (1996) dollar statistical discrepancy equals the current-dollar statistical
discrepancy deflated by the implicit price deflator for gross domestic business product.
2. Equals GDP in chained (1996) dollars less the statistical discrepancy and the sum of GDP by industry of the
2000
2001
1999
2000
2001
Transportation services...........
Communications...........................
Telephone and telegraph.........
Radio and television.................
Electric, gas, and sanitary
services.....................................
29.9
257.2
193.7
63.6
34.1
279.1
208.0
71.1
32.9
291.5
218.5
72.9
29.8
255.3
205.3
51.5
32.4
286.7
236.7
53.4
31.2
321.9
265.7
60.0
211.0
216.5
221.9
208.8
213.9
194.3
Wholesale trade...............................
645.3
696.8
680.7
708.6
750.2
748.7
831.7
887.3
931.8
846.2
909.2
951.2
1,798.8
330.3
57.7
128.2
153.8
1,976.7
361.1
69.5
150.8
182.4
2,076.9
359.8
88.8
175.0
170.1
1,688.3
274.9
65.4
174.8
133.0
1,793.5
287.4
79.0
216.8
146.0
1,843.5
290.4
91.9
245.1
141.2
61.5
1,050.5
766.9
283.5
61.6
1,123.7
811.4
312.3
66.5
1,171.7
845.1
326.6
54.6
982.1
704.1
279.3
51.9
1,016.7
722.9
295.5
53.5
1,022.0
725.6
298.2
Finance, insurance, and real
estate............................................
Depository institutions.................
Nondepository institutions..........
Security and commodity brokers
Insurance carriers........................
Insurance agents, brokers, and
Real estate.....................................
Nonfarm housing services......
Other real estate.......................
Holding and other investment
offices
........................................
Services............................................
335.2
Hotels and other lodging places
108.5
Personal services.........................
Business services
........................
62.0
Auto repair, services, and
parking.......................................
Miscellaneous repair services....
46.1
Motion pictures.............................
Amusement and recreation
28.5
518.3
106.5
Health services.............................
Legal services...............................
5.0
20.7
Educational services....................
Social services..............................
22.3
Membership organizations.........
49.7
Other services...............................
80.8
Private households......................
157.8
24.6
Statistical discrepancy1.................
162.0
120.4
Billions of chained (1996) dollars
Billions of dollars
1999
16.8
27.7
45.0
10.0
13.7
22.7
1,977.2
80.0
58.5
501.0
2,116.4
87.4
59.3
534.4
2,226.6
88.4
62.7
544.1
1,768.4
64.5
53.6
449.6
1,826.0
68.4
52.9
460.1
1,843.3
65.6
53.3
459.4
89.2
24.9
31.2
94.9
27.7
32.5
99.5
27.0
35.5
81.8
19.9
28.5
84.8
20.9
27.9
87.5
17.7
29.5
72.6
515.4
123.6
72.3
61.9
58.0
276.0
12.7
76.6
548.5
134.4
77.9
67.7
61.4
300.3
13.6
79.3
589.8
145.6
84.4
74.7
63.0
320.7
11.9
63.6
470.7
111.0
62.4
53.9
48.1
250.2
11.7
63.6
487.9
116.8
64.1
56.0
47.8
263.9
12.0
62.6
501.2
120.2
66.5
58.4
46.6
267.1
10.1
-3 8 .8
-12 8 .5
-11 7 .3
-37 .3
-121.3
-108.3
1,151.3
1,217.7
1,281.3
1,061.1
1,088.8
1,107.5
Federal...............................................
General governm ent....................
369.8
307.6
62.2
389.5
323.4
66.1
396.2
332.8
63.4
346.5
285.2
61.4
355.0
289.4
66.0
350.9
291.3
59.4
State and local.................................
General governm ent...................
781.5
715.9
65.6
828.2
758.7
69.4
885.1
807.0
78.1
714.4
653.7
60.7
733.6
669.0
64.7
756.1
687.0
69.4
-97.1
-159.1
-204.4
detailed industries. The value of not allocated by industry reflects the nonadditivity of chained-dollar estimates
and the differences in source data used to estimate real GDP by industry and the expenditures measure of real
GDP.
N ote . Estimates are based on the 1987 Standard Industrial Classification. The table is derived from tables 1
and 6 in “Gross Domestic Product by Industry for 1999-2001 ” in the November 2002 S ur vey .
D -3 2
February 2003
National D ata
Table B.4. Personal Consumption Expenditures by Type of Expenditure
Billions of chained (1996)
dollars
Billions of dollars
1999
2000
2001
1999
2000
2001
632.5
634.3
514.2
550.0
72.2
88.4
74.2
80.0
98.9
550.1
86.2
258.1
259.5
96.2
62.4
16.5
31.0
102.8
65.2
16.4
33.2
103.9
70.4
17.5
35.3
82.3
54.7
14.6
28.1
82.0
54.4
14.1
28.9
80.3
55.7
14.6
29.4
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 .)........................
O th e r20 (s .)...................................................................
707.8
768.9
794.8
704.8
726.8
750.4
654.7
98.4
57.7
118.7
44.4
711.9
105.5
59.4
125.9
45.9
742.0
105.9
60.6
149.0
45.8
653.1
99.9
59
116.8
45.3
673.9
107.0
60.4
123.9
46.7
699.8
108.0
60.4
147.3
45.4
165.1
129.3
4.4
36.8
12.4
175.5
164.4
4.6
30.7
12.7
9.1
3.6
44.3
156.7
136.4
3.8
34.1
12.5
8.7
3.8
39.3
.7
162.1
135.7
3.9
34.3
162.2
138.8
3.9
34.3
12.7
9.1
3.5
38.0
1.5
36.7
5.2
181.6
162.1
4.9
32.1
13.2
9.5
3.7
39.7
.9
1.5
32.4
4.8
Recreation.................................................................................
Books and maps (d .)........................................................
Magazines, newspapers, and sheet music (n.d.)....
Nondurable toys and sport supplies (n .d .)...............
Wheel goods, sports and photographic equipment,
boats, and pleasure aircraft (d .)..............................
Video and audio goods, including musical
instruments, and computer goods ( d .)................
Video and audio goods, including musical
instruments (d .)........................................................
Computers, peripherals, and softw are*(d.).........
Radio and television repair (s .)......................................
Flowers, seeds, and potted plants (n.d.)....................
Admissions to specified spectator amusements ....
Motion picture theaters (s .).....................................
Legitimate theaters and opera, and
entertainments of nonprofit institutions
(except athletics) (s .)............................................
Spectator s ports21 (s .)................................................
Clubs and fraternal organizations22 (s .)....................
Commercial participant am usem ents23 ( s .) ............
Pari-mutuel net receipts (s .)...........................................
O th e r21 ( s . ) ..........................................................................
526.5
564.7
593.9
558.3
30.8
32.5
60.4
33.2
34.2
62.7
35.1
35.2
66.7
30.2
30
50.4
55.3
60,
Education and res e arc h ......................................................
Higher education25 (s .)...................................................
Nursery, elementary, and secondary schools26 (s.)
O ther27 (s .)..........................................................................
5 ,964.5
6 ,223.9
1 ,068.7
888.9
919.4
926.0
537.7
351.5
568.6
376.5
589.0
393.2
512.4
325.4
530.0
339.8
533.6
344.0
9.1
.5
65.9
9.4
.5
72.2
9.7
.5
76.3
8.5
.5
43.4
8.7
.5
42.8
8.8
.5
42.1
786.2
834.2
866.2
741.0
768.8
775.2
65.2
47.4
70.3
50.5
73.1
53.1
62.5
43.3
65.4
44.8
66.5
45.3
Clothing, accessories, and je w e lry .................................
Shoes (n .d .)..........................................................................
Clothing and accessories except s hoes2....................
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
391.2
409.8
412.6
404.9
428.4
435.9
44.7
256.1
164.1
92.0
.3
46.3
267.1
171.9
95.2
.3
47.0
267.9
172.6
95.3
.3
46.4
265.4
172.6
92.9
.3
48.8
280.3
183.1
97.3
.3
49.9
287.5
187.1
100.5
.3
14.6
48.5
27.0
15.5
51.1
29.5
15.6
51.0
30.8
13.8
53.7
25.6
14.3
58.1
27.1
13.7
58.0
27.0
Personal c a re ...........................................................................
Toilet articles and preparations (n .d .).........................
Barbershops, beauty parlors, and health clubs (s.)
84.0
87.8
89.1
80.0
81.7
81.5
55.1
28.9
56.5
31.2
56.5
32.6
53.4
26.6
54.1
27.6
53.6
27.8
H ousing..................................................................................
Owner-occupied nonfarm dwellings-space ren t4
912.6
960.0
1 ,014.5
835.0
851.3
866.0
666.4
202.8
7.2
36.1
704.9
207.8
7.6
39.6
751.0
217.1
8.0
38.5
610.7
185.8
6.1
32.5
627.3
184.0
6.0
34.1
643.5
184.3
5.9
32.5
677.7
723.9
747.3
677.7
712.2
721.8
......................................
(s.).................................................................
Tenant-occupied nonfarm dwellings—ren t5 (s .)...
Rental value of farm dwellings (s .)..........................
O ther6 (s .).........................................................................
Household operation...........................................................
Furniture, including mattresses and bedsprings
....................................
Kitchen and other household appliances7 (d .)....
China, glassware, Tableware, and utensils (d .).....
Other durable house furnishings8 (d .).....................
Semidurable house furnishings9 (n .a .)..................
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.)
O th e r10 ( s . ) ...................
60.3
34.1
31.4
61.6
36.8
64.4
35.7
33.3
65.1
38.3
64.0
36.1
34.1
66.4
38.7
60.6
35.5
31.8
61.9
38.9
65.0
37.5
34.2
65.9
41.6
65.7
38.3
35.9
68.0
43.0
56.9
22.6
190.1
96.7
33.3
46.6
13.6
122.3
14.9
46.6
59.3
23.4
209.2
101.5
40.8
48.8
18.1
130.6
16.0
48.5
61.7
23.5
221.7
105.3
49.1
50.7
16.5
136.5
14.6
50.0
54.4
21.2
190.1
101.0
31.6
43.0
14.7
127.1
13.7
43.0
54.4
22.3
195.0
104.4
32.9
43.9
14.0
141.1
14.1
42.9
54.6
22.4
191.3
101.2
33.3
44.4
12.6
151.2
12.4
42.9
Medical care.............................................................
1 ,097.9
1 ,171.1
1 ,270.2
1 ,025.5
1 ,062.0
1 ,110.2
Drug preparations and sundries 11 (n .d .)................
Ophthalmic products and orthopedic appliances
139.2
156.3
176.4
129.4
140.6
152.3
21.6
230.3
58.3
137.0
445.8
370.7
245.9
42.4
82.5
75.1
65.7
57.7
1.5
6.5
22.9
244.3
62.7
142.8
471.5
392.3
259.7
44.8
87.8
79.2
70.6
63.0
1.7
5.9
21.6
266.7
67.5
153.5
509.6
425.9
281.0
50.8
94.1
83.6
75.0
66.8
1.8
6.4
20.6
218.7
51.1
126.5
418.1
350.7
229.8
41.0
79.9
67.5
61.3
49.5
.9
10.8
21.3
228.0
52.5
128.5
427.4
359.8
234.8
42.2
82.8
67.7
63.8
51.4
1.0
11.4
19.4
242.1
54.4
133.9
443.9
376.8
244.1
46.6
86.2
67.5
64.5
51.6
1.0
12.1
( d .)
....................................
Physicians (s .)..................................................................
(d.)
Dentists (s .).......................................................................
Other professional services12 (s .).............................
Hospitals and nursing homes 13..................................
Hospitals.................
Nonprofit ( s . ) ...
Proprietary (s.)
Government (s .)...................................................
Nursing homes (s .)...................................................
Health insurance...............................................................
Medical care and hospitalization 14 ( s .) ..............
Income loss 15 (s .)......................................................
Workers' compensation 16 (s .)...............................
* Because of rapid changes in relative prices, the chained-dollar estimates for computers are especially misleading as a
measure of the contribution or relative importance of this component.
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 miscella
neous 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 dismem
berment insurance provided by commercial insurance carriers, and (2) administrative expenses (including consumption of
fixed capital) of nonprofit and self-insured health plans.
15. Consists of premiums, less benefits and dividends, for income loss insurance.
16. Consists of premiums, less benefits and dividends, for privately administered workers' compensation.
17. Consists of (1) operating expenses of commercial life insurance carriers, (2) administrative expenses of private
noninsured pension plans and publicly administered government employee retirement plans, and (3) premiums, less bene
fits and dividends, of fraternal benefit societies. For commercial life insurance carriers, excludes expenses for accident and
health insurance and includes profits of stock companies and services furnished without payment by banks, credit agen
cies, and investment companies. For pension and retirement plans, excludes services furnished without payment by banks,
credit agencies, and investment companies.
2001
575.2
6 ,987.0
1 ,027.2
( s .)
2000
Brokerage charges and investment counseling (s.)
Bank service charges, trust services, and safe
deposit box rental ( s . ) ...............................................
Services furnished without payment by financial
intermediaries except life insurance carriers (s.)
Expense of handling life insurance and pension
plans 17 (s .)....................................................................
Legal services (s .).............................................................
Funeral and burial expenses (s .)..................................
O th er18 (s .).........................................................................
6 ,683.7
964.7
Jewelry and watches ( d .) .................................................
O th er3 (s .)..............................................................................
1999
6 ,377.2 Personal business.................................................................
6 ,246.5
Food and tobacco....................................................................
Food purchased for off-premise consumption
(n .d .).................................................................................
Purchased meals and beverages 1 (n .d .)...................
Food furnished to employees (including military)
(n .d .).................................................................................
Food produced and consumed on farms (n .d .)......
Tobacco products (n .d .)..................................................
Addenda: Food excluding alcoholic beverages
(n .d .)..................................................................................
Alcoholic beverages purchased for offpremise consumption (n .d .)...........
Other alcoholic beverages (n .a .).........
Personal consumption e xpenditures.
Billions of chained (1996)
dollars
Billions of dollars
8.6
3.8
40.7
.7
2.0
32.7
5.3
.8
1
31.7
5.0
12.6
9.0
3.5
40.3
.8
1.3
33.4
4.7
604.
32.5
31.8
74.5
.8
1.3
31.6
4.3
644.6
34.1
32.1
82.6
58.1
64.5
185.5
211.5
90.7
99.0
152.6
4.1
17.9
23.9
7.1
66.7
31.4
4.1
16.7
25.0
7.6
71.8
34.5
4.1
17.5
27.1
7.8
72.7
32.9
4.2
18.5
29.4
8.7
8.9
8.5
15.9
63.0
4.5
125.1
9.9
9.5
16.7
68.4
4.7
134.4
10.6
8.1
17.3
73.3
4.8
142.9
7.7
14.7
58.8
4.2
114.2
8.4
8.1
14.9
61.6
4.3
118.7
122.2
152.1
164.0
174.9
136.8
141.3
144.9
79.3
32.0
40
83.1
34.0
46.9
87.6
35.5
51.7
71.5
29.2
36.1
72.2
29.8
39.2
73.6
29.9
41.3
10.1
78.3
91.0
3.9
17.4
22.6
6.9
122.0
4.0
17.5
23.1
6.6
8.7
8.1
14.9
63.9
4.3
Religious and welfare a ctiv ities 2! (s.).
172.9
190.1
199.6
157.5
164.9
166.4
Foreign travel and other, n e t.............................................
Foreign travel by U.S. residents29 (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 .)..................................................................................
- 16.0
- 16.1
- 12.9
- 11.7
76.3
3.6
70.9
3.6
- 7.5
- 5.0
89.6
98.3
90
84.2
88.2
80.6
1.9
2.0
1.9
1.9
2.1
-7 2 .6
-1 0 0 .5
Residual
72.3
3.2
80.9
3.3
2.2
-4 1 .6
78.7
4.0
73.3
4.4
18. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associa
tions, employment agency fees, money order fees, spending for classified advertisements, tax return preparation services,
and other personal business services.
19. Consists of premiums, less benefits and dividends, for motor vehicle insurance.
20. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, and airport bus fares.
21. Consists of admissions to professional and amateur athletic events and to racetracks.
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 else
where classified.
25. For private institutions, equals current expenditures (including consumption of fixed capital) less receipts— such as
those from meals, rooms, and entertainments— accounted for separately in consumer expenditures, and less expenditures
for research and development financed under contracts or grants. For government institutions, equals student payments of
tuition.
26. For private institutions, equals current expenditures (including consumption of fixed capital) less receipts— such as
those from meals, rooms, and entertainments— accounted for separately in consumer expenditures. For government institu
tions, equals student payments of tuition. Excludes child day care services, which are included in religious and welfare activ
ities.
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 propri
etary 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.
N o te . Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.).
Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 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.
February 2003
Su r v e y
of
Table B.5. Private Fixed Investment in Structures by Type
1999
2000
Table B.6. Private Fixed Investment in Equipment and Software by Type
Billions of chained (1996)
dollars
Billions of dollars
2001
1999
2000
Private fixed investment in structures..........
678.5
731.0
759.9
617.9
638.5
634.9
283.7
314.2
324.5
258.6
275.5
270.9
New.....................................................................
283.1
313.5
320.8
258.0
274.7
267.7
Nonresidential buildings, excluding farm
Industrial.................................................
Commercial.............................................
Office b u ild in g s 1.............................
O th e r2................................................
Religious.................................................
Educational..............................................
Hospital and institutional......................
O ther3.....................................................
201.8
28.7
110.1
55.4
54.7
7.2
10.3
15.1
30.4
217.9
28.0
122.8
64.7
58.1
7.8
12.4
16.1
30.8
210.1
25.6
118.5
60.5
58.0
8.1
13.7
16.8
27.4
181.0
25.8
98.7
49.6
49.1
6.4
9.3
13.5
27.2
187.1
24.0
105.5
55.6
49.9
6.7
10.6
13.8
26.5
173.6
21.1
97.9
50.0
48.0
6.7
11.3
13.9
22.6
Utilities..........................................................
Railroads..................................................
Telecommunications..............................
Electric light and power..........................
Gas............................................................
Petroleum pipelines................................
47.3
4.7
18.3
14.7
8.1
1.5
53.7
4.3
18.7
21.3
8.5
1.0
55.0
4.1
18.4
22.7
8.9
.9
45.7
4.7
18.2
14.0
7.6
1.4
50.4
4.2
18.2
19.5
7.6
.9
50.3
4.2
17.3
20.1
7.8
.8
Farm .............................................................
Mining exploration, shafts, and w e lls .....
Petroleum and natural g a s ....................
O ther.........................................................
O ther4...........................................................
5.1
22.8
21.6
1.2
6.2
6.0
29.2
28.0
1.1
6.7
6.1
42.7
41.3
1.4
6.8
4.5
21.6
20.4
1.1
5.7
5.1
27.0
26.0
1.0
6.0
5.1
34.0
32.8
1.2
5.9
2.2
2.4
2.5
2.5
2.3
2.4
Net purchases of used structures..................
-1.8
-1.9
1.2
-1.6
-1.6
1.0
Residential.............................................................
394.8
416.8
435.4
359.4
363.0
364.0
New.....................................................................
344.4
363.6
377.8
311.7
315.1
315.2
New housing u nits.......................................
Permanent site ........................................
Single-family structures....................
Multifamily structures.......................
Manufactured hom es.............................
Im provements..............................................
O ther5 ...........................................................
250.1
236.1
208.6
27.4
14.0
93.0
1.3
259.7
248.9
220.7
28.3
10.8
102.4
1.4
271.6
262.8
232.1
30.7
8.8
104.6
1.6
225.6
212.2
189.0
23.4
13.2
84.9
1.2
224.2
213.9
191.0
23.0
10.0
89.7
1.2
225.5
217.0
192.6
24.4
8.1
88.4
1.4
Brokers’ commissions on sale of structures
Net purchases of used structures..................
53.9
-3.5
56.2
-2.9
60.0
-2.3
51.0
-3.1
50.6
-2.5
50.9
-1.9
-.9
-.9
-1.0
1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for
their own use.
2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other build
ings used for commercial purposes.
3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings
not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields.
5. Consists primarily of dormitories and of fraternity and sorority houses.
Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. The residual line is the difference between the first line and the sum of the most detailed lines.
Billions of chained (1996)
dollars
Billions of dollars
1999
2001
Nonresidential........................................................
Brokers’ commissions on sale of structures
D -33
C u r r e n t B u s in e s s
2000
2001
1999
2000
2001
Private fixed investment in equipment
and software...........................................
898.7
960.8
886.4
984.8
1,065.4
997.6
Nonresidential equipment and software............
889.8
951.6
877.1
975.9
1,056.0
988.2
Information processing equipment and
software............................................................
Computers and peripheral equipm ent' ........
Software2........................................................
Communication equipm ent..........................
Instruments.....................................................
Photocopy and related equipment...............
Office and accounting equipment.................
402.3
90.4
162.5
93.7
38.2
10.5
7.0
446.9
93.3
179.4
116.6
40.6
9.5
7.5
404.3
74.2
180.4
90.6
43.6
8.0
7.6
508.1
207.4
169.3
102.5
37.9
10.7
7.1
583.3
246.4
184.4
132.1
40.1
9.5
7.5
548.5
239.9
182.0
105.8
42.6
8.0
7.8
Industrial equipment..........................................
Fabricated metal products
Engines and turbines..
Metalworking machinery.
Special industry machinery, n.e.c.................
General industrial, including materials
handling, equipm ent.................................
Electrical transmission, distribution, and
industrial apparatus.....................................
150.4
13.4
5.7
34.2
38.3
164.9
13.8
7.0
35.3
44.4
159.0
13.7
9.3
31.3
41.0
147.5
13.5
5.4
33.6
37.2
160.8
13.9
6.6
34.6
43.0
153.8
13.4
8.8
30.5
39.4
34.0
36.6
34.4
24.8
27.8
29.3
33.0
24.8
35.3
27.3
32.9
28.7
Transportation equipment.................................
Trucks, buses, and truck trailers..................
Autos...............................................................
Aircraft.............................................................
Ships and boats.............................................
Railroad equipm ent.......................................
194.7
112.3
43.1
29.1
2.7
7.6
189.7
107.4
40.5
31.5
3.2
7.1
165.8
90.1
34.1
33.7
3.2
4.7
193.2
112.4
42.5
28.3
2.6
7.7
186.6
106.5
40.8
29.3
2.9
7.2
163.6
90.5
35.4
29.8
2.9
4.8
Other equipm ent.................................................
Furniture and fixtures....................................
Tractors............................................................
Agricultural machinery, except tractors.......
Construction machinery, except tractors
Mining and oilfield machinery......................
Service industry m achinery.........................
Electrical equipment, n.e.c............................
Other................................................................
145.6
38.1
12.8
9.9
21.6
5.6
16.5
14.4
26.8
153.4
40.6
13.7
10.8
21.7
5.2
16.4
16.4
28.4
150.8
35.7
14.5
12.0
19.9
6.5
16.1
17.9
28.2
141.8
37.1
12.5
9.5
20.4
5.3
15.9
14.9
26.2
148.5
39.2
13.4
10.3
20.4
5.0
15.7
17.3
27.4
144.5
34.0
14.1
11.3
18.5
5.9
15.3
19.0
26.8
Less: Sale of equipment scrap, excluding
autos ...............................................................
3.2
3.3
2.8
4.1
3.8
3.5
Residential equipment...........................................
8.8
9.3
9.3
9.0
9.4
9.5
-37.8
-56.3
-56.5
Addenda:
Private fixed investment in equipment and
898.7
8.1
960.8
8.8
886.4
8.6
1.0
39.3
.4
3.3
1.0
38.5
-.2
3.4
.9
32.5
.0
2.9
932.6
992.7
912.4
Net purchases of used equipment from
Equals: Private fixed investment in new
N o te.
1. Includes new computers and peripheral equipment only. Because of rapid changes in relative prices, the
chained-dollar estimates for computers are especially misleading as a measure of the contribution or relative
importance of this component.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
N o t e . Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive. The residual line is the difference between the first line and trie sum of the most detailed lines.
n.e.c. Not elsewhere classified.
D -34
February 2003
National D ata
Table B.7. Compensation and Wage and Salary Accruals by Industry
[M il l i o n s o f d o lla r s ]
Compensation
1999
2000
1999
2000
Total......................................................... 5,308,801 5,723,399 5,874,879 4,475,588 4,836,329 4,950,605
5,314,546 5,729,274 5,881,042 4,481,333 4,842,204 4,956,768
Private industries1 ...............................
4,361,287 4,721,994 4,818,943 3,757,166 4,073,263 4,145,921
49,786
19,341
52,656
19,314
57,497
21,544
43,643
16,478
46,253
16,563
50,496
18,394
30,445
33,342
35,953
27,165
29,690
32,102
Mining.................................................
Metal mining..................................
Coal m in in g ....................................
Oil and gas extraction...................
Nonmetallic minerals, except fuels
34,234
2,917
5,129
20,749
5,439
36,534
2,600
4,869
23,512
5,553
39,627
2,421
5,258
26,240
5,708
29,256
2,446
4,328
17,827
4,655
31,204
2,161
4,091
20,205
4,747
33,844
1,996
4,422
22,555
4,871
Construction.......................................
272,904
298,999
313,027
233,740
256,839
268,645
Manufacturing....................................
926,201
981,781
939,155
782,635
829,413
789,402
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
585,734
28,712
18,727
626,444
29,146
19,707
590,814
28,559
18,929
493,369
24,464
15,955
527,421
24,814
16,759
495,186
24,256
16,047
25,799
37,240
66,605
27,661
38,213
69,559
27,313
35,730
67,318
21,702
30,851
56,015
23,250
31,572
58,339
22,904
29,317
56,259
121,216
132,198
118,992
104,321
113,783
102,037
97,771
68,743
114,454
70,613
103,720
65,296
82,973
54,741
97,365
56,015
87,785
51,167
Transportation and public utilities
Transportation................................
Railroad transportation..............
Local and interurban passenger
transit.......................................
Trucking and warehousing2......
Water transportation...................
Transportation by a ir 2................
Pipelines, except natural g as....
Transportation services.............
51,965
51,649
52,500
43,375
42,954
43,615
53,491
57,079
56,364
45,974
48,993
48,311
15,465
340,467
66,468
2,758
18,269
16,165
355,337
70,102
2,946
18,054
16,093
348,341
71,808
3,130
16,411
12,998
289,266
56,619
2,168
15,709
13,577
301,992
59,780
2,321
15,520
13,488
294,216
60,977
2,464
13,990
18,462
34,474
69,716
77,224
10,040
17,721
35,062
73,248
83,713
9,810
16,594
34,378
71,895
80,990
10,149
15,757
29,663
60,196
64,397
8,288
15,085
30,154
63,280
69,950
8,070
14,010
29,399
61,773
67,159
8,317
40,582
2,474
42,232
2,449
40,731
2,255
34,345
2,124
35,730
2,102
34,208
1,919
350,019
187,764
17,023
375,096
198,545
16,749
382,099
203,768
16,759
291,871
155,015
12,656
312,956
163,976
12,415
317,673
167,777
12,383
11,952
70,671
9,068
59,591
1,000
18,459
12,684
74,287
9,667
64,005
1,018
20,135
13,272
75,765
10,043
66,426
1,092
20,411
10,185
58,645
7,588
49,281
850
15,810
10,814
61,625
8,100
52,887
865
17,270
2000
2001
Communications.......................
Telephone and telegraph.......
Radio and television..............
Electric, gas, and sanitary
services....................................
103,714
78,733
24,981
114,010
86,828
27,182
113,175
84,956
28,219
58,541
62,541
65,156
49,212
52,574
54,610
Wholesale tra d e .............................
359,519
385,755
379,752
309,254
332,293
325,688
Retail trade......................................
478,563
511,114
531,075
420,523
449,515
465,818
458,091
98,577
40,714
107,093
91,260
501,923
100,040
41,510
135,094
94,360
531,995
106,840
49,161
138,866
98,832
395,757
83,358
34,787
95,771
77,637
434,720
84,543
35,473
120,994
80,274
459,937
90,230
42,046
124,161
83,936
38,697
57,599
41,075
61,891
44,766
66,628
33,701
49,811
35,800
53,588
38,956
57,620
24,151
27,953
26,902
20,692
24,048
22,988
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.......................................
1999
87,644
66,277
21,367
2000
96,406
73,142
23,264
2001
95,286
71,216
24,070
S ervices........................................... 1,431,970 1,578,136 1,644,716 1,250,487 1,380,070 1,434,418
46,437
43,495
43,722
49,802
40,453
Hotels and other lodging places
50,191
28,441
26,784
32,128
28,563
30,078
25,313
Personal services.......................
405.062
412,930
309,610
363,879
355,624
351,919
Business services.......................
Auto repair, services, and
36,637
39,809
32,594
41,571
parking.....................................
36,996
35,172
12,844
13,947
11,856
Miscellaneous repair services...
14,652
13,499
12,256
21,435
24,443
19,779
22,480
23,933
21,052
Motion pictures...........................
Amusement and recreation
47,274
45,082
45,929
51,547
41,316
services..................................
52,647
408,567 430,446
368,492
396,845
349,595
464.063
Health services............................
75,067
Legal services.............................
79,170
63,581
85,255
72,180
69,846
68,314
66,841
57,978
78,808
63,057
72,643,
Educational services...................
Social services and membership
organizations...........................
123,692
114,376
109,876
116,749
101,619
131,746
65,086
51,339
62,197
59,270
56,420
Social services........................
71,803
50,280
54,552
Membership organizations....
55,106
53,456
58,606
59,943
236.574
184,404
221,113
Other services3...........................
210,248
207.845
252,269
Private households.....................
12,712
13,565
12,389
13,234
11,576
11,881
Government..........................................
Federal...............................................
General government....................
Civilian.....................................
M ilita ry4 ..................................
Government enterprises.............
State and local.................................
General government....................
Education.................................
O ther1......................................
Government enterprises1...........
Rest of the w o rld ......................................
Receipts from the rest of the world....
Less: Payments to the rest of the
w o rld 5...............................................
953,259 1,007,280 1,062,099
293,678
277,699
300,286
221,496 233,437
240,534
142,052
134,369
144,305
87,127
91,385
96,229
56,203
60,241
59,752
675,560 713,602
761,813
669,207
633,337
711,554
340,095 360.574
382,057
293,242
308,633
329,497
42,223
44,395
50,259
-5 ,7 45
2,210
-5,8 75
2,341
-6,1 63
2,382
11,291
7,955
8,545
8,216
62,623
8,392
54,721 Addenda:
431,088
Households and institutions................
403,143
459,628
925
Nonfarm business................................ 4,037,229 4,376,228 4,447,782
17,442
1. Beginning with 2001, reflects the reclassification of employees of Indian tribal governments from the
private sector in accordance with the Consolidated Appropriations Act of 2001.
2. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air.
3. Consists of museums, botanical and zoological gardens; engineering and management services; and
services, not elsewhere classified.
Wage and salary accruals
1999
2001
Domestic industries..................................
Agriculture, forestry, and fishing...
Farm s..............................................
Agricultural services, forestry, and
fishing.........................................
Compensation
Wage and salary accruals
2001
724,167
184,222
146,475
90,174
56,301
37,747
539,945
505,640
269,529
236,111
34,305
768,941
195,598
154.845
96,000
58,845
40,753
573,343
537,090
287,229
249,861
36,253
810,847
197,378
157,914
95,609
62,305
39,464
613,469
572,373
305,171
267,202
41,096
-5,7 45
2,210
-5,8 75
2,341
-6,163
2,382
7,955
8,216
8,545
4. Includes Coast Guard.
5. Includes estimates of foreign professional workers and undocumented Mexican migratory workers
employed temporarily in the United States.
N ote.
Estimates in this table are based on the 1987 Standard Industrial Classification (SIC).
February 2003
Su r v e y
of
D -35
C u r r e n t B u s in e s s
Table B.8. Employment by Industry
[Thousands]
Persons engaged in
production 1
Full-time and part-time
employees
1999
2000
2001
1999
2000
Persons engaged in
production1
Full-time and part-time
employees
2001
1999
2000
194
1,297
13
488
1,665
1,195
470
857
2001
192
1,286
14
480
1,700
1,220
480
860
1999
2000
185
1,163
13
474
1,423
1,011
412
860
191
1,216
13
476
1,522
1,088
434
851
2001
197
1,205
14
467
1,554
1,107
447
857
Total ..............................................................
136,294
139,207
138,840
132,149
134,723 134,288
Domestic in du strie s............................................
136,861
139,787
139,448
132,635
135,220 134,809
Private industries2.........................................
114,320
116,778
116,014
113,888
116,177 115,364
Agriculture, forestry, and fishing ............
Farms.......................................................
Agricultural services, forestry, and
fish in g ..................................................
2,294
923
2,319
890
2,341
870
3,393
1,693
3,341
1,635
3,342
1,608
Water transportation.............................
Transportation by a ir3..........................
Pipelines, except natural gas..............
Transportation services.......................
Communications.......................................
Telephone and telegraph......................
Radio and television.............................
Electric, gas, and sanitary services........
1,371
1,429
1,471
1,700
1,706
1,734
Wholesale trade...........................................
6,992
7,104
6,832
7,015
7,098
6,794
M in in g ..........................................................
Metal m ining...........................................
Coal m in in g ............................................
Oil and gas extraction............................
Nonmetailic minerals, except fu e ls......
539
44
86
296
113
541
40
79
308
114
568
35
82
338
113
544
45
85
304
110
546
42
77
315
112
581
36
81
354
110
Retail trade....................................................
23,542
24,049
24,147
20,954
21,423
21,485
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......
7,705
2,049
709
727
1,608
795
1,567
250
7,743
2,036
686
797
1,585
800
1,581
258
7,856
2,047
716
820
1,583
820
1,615
255
7,809
1,928
691
796
1,526
873
1,759
236
7,840
1,904
667
873
1,497
893
1,764
242
7,861
1,904
690
855
1,488
909
1,777
238
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 services4.........................................
Private households...................................
40,975
1,935
1,363
9,438
1,326
390
612
1,783
10,359
1,142
2,350
42,337
1,981
1,387
10,048
1,366
381
609
1,856
10,483
1,163
2,442
42,412
1,942
1,414
9,622
1,388
384
589
1,811
10,775
1,188
2,536
40,637
1,759
1,831
9,567
1,557
552
659
1,547
9,647
1,219
2,164
42,040
1,818
1,879
10,197
1,589
538
652
1,636
9,770
1,222
2,265
42,217
1,792
1,878
9,850
1,601
564
634
1,601
10,040
1,261
2,371
5,387
2,859
2,528
3,639
1,251
5,581
2,992
2,589
3,832
1,208
5,671
3,143
2,528
3,971
1,121
5,188
3,086
2,102
4,085
862
5,354
3,201
2,153
4,287
833
5,432
3,330
2,102
4,420
773
Government.....................................................
Federal..........................................................
General government................................
Civilian...................................................
Military 5................................................
Government enterprises.........................
State and local..............................................
General government................................
Education...............................................
Other2 ...................................................
Government enterprises2.......................
22,541
5,141
4,146
1,855
2,291
995
17,400
16,546
9,149
7,397
854
23,009
5,237
4,260
1,976
2,284
977
17,772
16,903
9,383
7,520
869
23,434
5,076
4,114
1,825
2,289
962
18,358
17,382
9,623
7,759
976
18,747
4,167
3,370
1,821
1,549
797
14,580
13,705
7,367
6,338
875
19,043
4,198
3,416
1,869
1,547
782
14,845
13,964
7,567
6,397
881
19,445
4,119
3,338
1,790
1,548
781
15,326
14,334
7,784
6,550
992
-567
-580
-608
-486
-497
-521
C onstruction................................................
6,704
7,007
7,038
8,023
8,368
8,350
M anufacturing............................................
Durable g oods.......................................
Lumber and wood products............
Furniture and fixtures.......................
Stone, clay, and glass products......
Primary metal industries..................
Fabricated metal products...............
Industrial machinery and equipment
Electronic and other electric
equipment.......................................
Motor vehicles and equipment........
Other transportation equipment......
Instruments and related products...
Miscellaneous manufacturing
industries........................................
Nondurable goods................................
Food and kindred products.............
Tobacco products.............................
Textile mill products.........................
Apparel and other textile products..
Paper and allied products................
Printing and publishing....................
Chemicals and allied products........
Petroleum and coal products..........
Rubber and miscellaneous plastics
products.........................................
Leather and leather products..........
18,673
11,178
858
550
572
698
1,529
2,141
18,567
11,179
849
558
582
700
1,544
2,119
17,702
10,632
804
524
572
646
1,470
2,006
18,663
11,223
916
562
573
697
1,517
2,135
18,507
11,214
899
569
580
696
1,537
2,106
17,682
10,671
854
530
573
642
1,452
2,002
1,671
1,023
874
854
1,719
1,020
836
843
1,627
941
812
840
1,657
1,018
872
841
1,705
1,018
834
836
1,610
943
811
835
408
7,495
1,697
37
560
697
669
1,576
1,037
131
409
7,388
1,700
35
534
640
657
1,569
1,038
126
390
7,070
1,702
34
475
564
629
1,508
1,017
124
435
7,440
1,680
36
556
708
664
1,557
1,026
131
434
7,293
1,675
34
536
616
651
1,544
1,029
125
419
7,011
1,681
33
471
560
623
1,498
1,011
124
1,012
79
1,017
72
954
63
1,002
80
1,007
76
945
65
Transportation and public u tilitie s ..........
Transportation..........................................
Railroad transportation.......................
Local and interurban passenger
tra n sit................................................
Trucking and warehousing3................
6,896
4,480
221
7,111
4,589
212
7,118
4,558
203
6,850
4,567
209
7,014
4,641
201
7,052
4,641
192
489
1,848
500
1,885
506
1,877
503
2,020
503
2,041
521
2,045 Restofthe w orld6..............................................
1. Equals the number of full-time equivalent employees plus the number of self-employed persons. Unpaid
family workers are not included.
2 Beginning with 2001, reflects the reclassification of employees of Indian tribal governments from the
private sector in accordance with the Consolidated Appropriations Act of 2001.
3. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air.
4. Consists of museums, botanical and zoological gardens; engineering and management services; and
188
1,245
13
476
1,553
1,107
446
863
services, not elsewhere classified.
5. Includes Coast Guard.
6. Includes estimates of foreign professional workers and undocumented Mexican migratory workers
employed temporarily in the United States.
N ote. E stim ates in this table are based on the 1 9 8 7 S tandard Industrial C lassification (S IC ).
D -3 6
National D ata
February 2003
Table B.9. Wage and Salary Accruals Per Full-Time Equivalent Employee and Full-Time Equivalent Employees by Industry
Wage and salary accruals per
full-time equivalent employee
Full-time
equivalent employees1
Dollars
1999
Wage and salary accruals per
full-time equivalent employee
Thousands
2000
2001
1999
2000
Dollars
2001
2000
2001
43,114
42,520
65,385
36,178
62,336
66,079
53,020
57,965
44,751
43,817
66,538
38,549
64,057
67,661
54,868
62,365
46,883
45,715
66,071
39,641
62,157
64,683
55,718
64,399
45,986
48,738
49,701
6,725
6,818
6,553
21,445
22,264
23,009
19,609
20,190
20,245
55,374
43,370
51,999
139,608
50 876
45,358
36 492
87,678
60,817
44,473
54,997
161,541
53 623
48,118
39 115
99 372
63,738
47,440
62,849
161,879
56 409
51,325
41 364
96,588
7,147
1,922
669
686
1 526
743
1 365
236
7,148
1,901
645
749
1 497
744
1 370
242
7,216
1,902
669
767
1 488
759
1 393
238
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 services4..........................................
Private households...................................
34,236
23,657
21,024
35,235
25,685
32,482
40,781
28,513
37,765
62,580
28,104
36,396
24,727
21,811
38,706
26,788
34,235
43,406
29,446
39,256
67,484
29,356
37,647
25,229
22,759
39,444
27,321
35,383
45,413
30,763
41,022
71,019
30,538
36,525
1,710
1,204
8,787
1,269
365
485
1,449
9,257
1,016
2,063
37,918
1,759
1,228
9,401
1,313
358
485
1,531
9,387
1,035
2,148
38,102
1,733
1,255
9,016
1,341
363
472
1,493
9,674
1,057
2,237
21,901
20,228
23,920
53,951
14,372
22,786
21,139
24,829
57,447
15,887
23,729
22,071
25,952
58,682
14,975
4,640
2,538
2,102
3,418
862
4,822
2,669
2,153
3,618
833
4,920
2,818
2,102
3,768
773
Government......................................................
Federal...........................................................
General government................................
Civilian.......
M ilita ry5 ....
Government enterprises.........................
State and local..............................................
General government
Education...
O ther2....................................................
Government enterprises2.......................
38,628
44,210
43,464
49,519
36,347
47,361
37,033
36,895
36,586
37,253
39,206
40,379
46,593
45,329
51,364
38,038
52,114
38,622
38,462
37,958
39,059
41,150
41,700
47,919
47,308
53,413
40,249
50,530
40,028
39,931
39,205
40,794
41,427
18,747
4,167
3,370
1,821
1,549
797
14,580
13,705
7,367
6,338
875
19,043
4,198
3,416
1,869
1,547
782
14,845
13,964
7,567
6,397
881
19,445
4,119
3,338
1,790
1,548
781
15,326
14,334
7,784
6,550
992
-486
-49 7
-521
Total..............................................................
36,677
38,759
39,784 122,028 124,779 124,438
36,578
38,652
39,667 122,514 125,276 124,959
Private industries2.........................................
36,208
38,343
39,293 103,767 106,233 105,514
Agriculture, forestry, and fishing............
Farms........................................................
Agricultural services, forestry, and
fish in g ..................................................
21,124
20,832
22,258
21,708
24,219
24,657
2,066
791
2,078
763
2,085
746
Water transportation.............................
Transportation by a ir3...........................
Pipelines, except natural g a s ..............
Transportation services........................
Communications.......................................
Telephone and telegraph......................
Radio and television..............................
Electric, gas, and sanitary services........
21,306
22,578
23,975
1,275
1,315
1,339
Wholesale trade.............................................
M ining..........................................................
Metal mining...........................................
Coal m in in g .............................................
Oil and gas extraction............................
Nonmetallic minerals, except fu e ls .....
55,409
55,591
51,524
61,472
42,318
58,875
54,025
53,130
66,904
42,766
60,871
57,029
55,275
68,142
44,282
528
44
84
290
110
530
40
77
302
111
556
35
80
331
110
Construction................................................
36,138
37,899
39,385
6,468
6,777
6,821
Manufacturing.............................................
Durable g oods.......................................
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 g oods................................
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..........
42,821
44,835
28,986
29,601
38,616
44,582
37,145
49,629
45,675
47,930
30,005
30,694
40,718
45,493
38,305
54,703
45,580
47,409
30,978
31,465
40,900
45,808
39,096
51,717
18,277
11,004
844
539
562
692
1,508
2,102
18,159
11,004
827
546
571
694
1,523
2,080
17,319
10,445
783
510
560
640
1,439
1,973
50,348
53,879
50,087
54,993
57,307
55,296
51,877
58,957
54,729
54,783
54,315
58,347
1,648
1,016
866
836
1,699
1,013
828
831
1,604
934
803
828
33,243
39,773
34,149
60,222
28,458
23,344
44,876
41,061
62,949
63,754
34,635
42,207
35,990
68,265
29,394
25,268
46,462
43,254
68,311
64,560
36,356
42,801
36,755
74,667
29,957
25,944
47,265
43,533
66,825
67,618
391
7,273
1,658
36
552
675
661
1,466
1,023
130
392
7,155
1,661
34
528
597
649
1,463
1,024
125
371
6,874
1,659
33
467
540
622
1,419
1,005
123
34,483
27,947
35,623
29,606
36,199
31,459
996
76
1,003
71
945
61
Transportation and public utilities..........
Transportation..........................................
Railroad transportation.......................
Local and interurban passenger
tra n sit................................................
Trucking and warehousing3................
45,449
37,201
60,555
47,310
38,429
61,766
48,009
39,607
64,495
6,422
4,167
209
6,615
4,267
201
6,617
4,236
192
22,785
33,977
23,663
35,014
24,439
35,744
447
1,726
457
1,760
462
1,752 Rest of the w orld1..............................................
Finance, insurance, and real estate.........
Depository in stitutions..............................
Nondepository institutions.......................
Security and commodity brokers.............
Insurance agents, brokers, and service...
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. Beginning with 2001, reflects the reclassification of employees of Indian tribal governments from the
private sector in accordance with the Consolidated Appropriations Act of 2001.
3. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air.
Thousands
1999
Domestic industries............................................
Full-time
equivalent employees1
1999
176
1,159
13
437
1,406
1,003
403
849
2000
181
1,207
13
448
1,505
1,081
424
843
2001
179
1,197
14
440
1,533
1,101
432
848
4. Consists of museums, botanical and zoological gardens; engineering and management services; and
services, not elsewhere classified.
5. Includes Coast Guard.
6. Includes estimates of foreign professional workers and undocumented Mexican migratory workers
employed temporarily in the United States.
N ote. E stim ates in this table are based on the 1 9 8 7 S tandard Industrial C lassification (S IC ).
February 2003
Su r v e y
of
Table B.10. Farm Sector Output, Gross Product, and National Income
1999
2000
Table B.11. Housing Sector Output, Gross Product, and National Income
Billions of chained (1996)
dollars
Billions of dollars
2001
1999
2000
D -3 7
C u r r e n t B u s in e s s
Billions of chained (1996)
dollars
Billions of dollars
1999
2001
2000
2001
1999
2000
2001
Farm output..........................................................
207.5
214.3
221.3
244.1
249.2
246.1
Housing output1..................................................
876.4
920.3
976.0
802.5
817.2
833.6
Cash receipts from farm marketings............
Crops ............................................................
Livestock.......................................................
Farm housing...................................................
Farm products consumed on fa rm s .............
Other farm incom e..........................................
Change in farm inventories.............................
C rops............................................................
Livestock.......................................................
191.4
95.7
95.7
7.2
.5
9.9
-1.5
-.9
-.6
199.4
99.8
99.7
7.6
.6
8.9
-2.2
-1.6
-.6
200.9
94.3
106.6
8.0
.6
10.3
1.6
2.1
-.5
226.2
125.2
101.1
6.1
.5
11.8
-2.0
-1.4
-.6
233.4
130.9
102.9
6.0
.5
10.6
-2.5
-2.2
-.6
224.4
122.9
101.3
5.9
.5
12.2
2.0
3.6
-.4
Nonfarm housing............................................
Owner-occupied.........................................
Tenant-occupied.........................................
Farm housing...................................................
869.2
666.4
202.8
7.2
912.7
704.9
207.8
7.6
968.1
751.0
217.1
8.0
796.4
610.7
185.8
6.1
811.2
627.3
184.0
6.0
827.8
643.5
184.3
5.9
Less: Intermediate goods and services
Less: Intermediate goods and services
consumed........................................................
116.9
116.3
138.4
105.5
101.3
115.9
Equals: Gross housing product........................
Nonfarm housing..............................
Owner-occupied...........................
Tenant-occupied..........................
Farm housing.....................................
759.5
753.6
576.3
177.4
5.9
804.0
797.8
615.5
182.2
6.3
837.6
831.1
642.3
188.8
6.5
697.0
691.9
529.1
162.8
5.1
716.1
711.0
549.9
161.1
5.1
717.5
712.6
552.1
160.5
4.9
Less: Consumption of fixed capital...................
purchased .........................................................
Intermediate goods and services, other
than rent....................................................
Rent paid to nonoperator landlords
132.3
136.5
140.7
137.2
133.3
134.6
118.6
13.8
122.2
14.2
126.1
14.7
123.1
14.1
119.5
13.8
120.8
13.8
80.6
108.1
120.5
114.3
Less: Capital consumption adjustment
166.1
88.4
-77.7
140.0
77.8
152.5
81.8
-70.7
132.7
75.2
145.4
77.8
-67.6
132.2
Equals: Gross farm product...............................
614.1
651.5
671.4
478.7
494.5
489.4
135.7
140.7
146.0
Less: Consumption of fixed capital...................
28.9
28.7
29.4
27.7
27.0
27.3
Equals: Net housing product.............................
Equals: Net farm product..................................
46.3
49.2
51.2
80.9
97.9
89.5
Less: Indirect business tax and nontax liability
Less: Indirect business tax and nontax liability
5.3
18.4
5.4
19.5
5.6
17.7
59.3
19.3
16.5
2.9
63.3
19.3
16.6
2.7
63.2
21.5
18.4
3.1
Equals: Farm national income..........................
Compensation of employees..........................
Supplements to wages and salaries.........
Proprietors’ income and corporate profits
with inventory valuation and capital
Net interest........................................................
29.6
27.7
1.9
10.3
33.2
22.6
10.6
10.9
30.9
19.0
11.8
10.8
N o t e . Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive.
Plus: Subsidies less current surplus of
Equals: Housing national income....................
23.7
23.8
24.3
502.2
534.6
549.8
10.0
10.9
11.3
Proprietors’ income with inventory
valuation and capital
Rental income of persons with
capital consumption adjustment
Corporate profits with inventory
valuation and capital
19.7
18.5
18.1
130.7
128.1
118.9
4.1
337.6
4.1
373.1
4.0
397.5
1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in
table B.4.
N o t e . Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996
current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity
indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not addi
tive.
■38
National D ata
February 2003
Table B.12. Net Stock of Private Fixed Assets; Equipment, Software, and Structures; by Type
[Yearend estimates]
C u rre n t-c o s t v a lu a tio n (B illio n s o f d o lla rs )
1996
1996
1997
1998
1999
2000
2001
100.00
102.96
106.36
109.89
113.63
116.62
4,411.0
4,335.1
1,287.8
138.6
345.5
498.6
226.6
58.5
19.8
1,328.7
106.1
67.1
57.3
9.8
254.4
303.4
276.9
320.7
898.1
397.4
156.9
210.8
49.1
83.8
820.6
236.0
10.3
225.6
74.0
58.9
15.1
82.2
107.5
25.3
84.5
63.8
3.0
60.8
147.2
75.9
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
105.94
105.98
111.57
142.35
116.25
108.02
104.07
99.34
105.39
102.97
100.28
100.11
99.28
106.25
103.54
103.09
102.69
104.29
104.95
111.12
101.49
101.56
99.16
101.34
104.58
104.92
100.37
105.16
106.36
105.88
108.56
102.00
104.53
106.90
103.57
106.49
99.49
106.97
104.39
103.62
113.09
113.19
126.01
201.39
137.85
118.26
109.35
99.11
106.55
106.11
101.26
100.99
99.44
112.51
107.42
106.33
105.84
108.04
111.35
125.02
100.75
106.89
98.31
103.91
110.18
111.13
102.37
111.59
112.79
111.71
117.67
104.37
110.53
113.17
107,69
116.43
100.73
117.51
109.56
107.61
120.44
120.59
142.40
279.41
160.73
131.85
114.95
94.93
102.73
108.90
104.08
99.32
95.90
124.76
110.15
109.32
108.36
111.94
118.15
140.52
103.40
107.49
96.27
107.32
114.97
117.33
105.65
117.95
114.59
112.75
122.83
102.87
115.85
123.07
112.25
125.56
102.27
127.17
115.27
112.38
128.62
128.83
160.15
355.94
180.67
151.45
120.96
90.04
101.21
112.88
106.94
103.46
99.38
133.79
113.35
114.44
111.46
116.67
125.16
151.11
105.31
117.85
96.47
109.74
120.23
124.23
109.33
125.02
117.87
115.42
128.80
102.54
120.61
129.52
115.99
137.79
104.57
140.10
121.30
117.44
133.36
133.57
169.75
398.10
191.64
161.64
127.52
83.07
97.60
115.95
109.33
110.97
107.53
136.56
114.39
117.72
113.23
121.65
128.15
153.83
104.55
127.34
96.48
109.07
123.93
127.24
111.57
128.07
121.70
119.51
131.55
103.31
122.74
139.95
117.65
151.19
107.97
154.19
125.87
122.13
S tructures...................... ............................................................................. 13,306.3 14,067.9 14,870.4 15,867.2 16,926.9 17,779.4
Nonresidential structures..................................................................... 5,175.0 5,487.0 5,746.2 6,069.9 6,480.0 6,767.2
3,285.6
4,296.2
Nonresidential buildings, excluding fa rm .......................................
3,498.9
3,740.8
4,012.5
4,506.6
729.2
765.4
806.4
843.0
Industrial buildings ......................................................................
878.1
898.2
Office buildings2...........................................................................
756.3
804.9
936.1
1,015.8
865.5
1,075.1
843.8
902.7
Commercial buildings....................................................................
965.3
1,035.8
1,109.2
1,165.8
8.5
Mobile structures......................................................................
8.9
9.3
9.9
10.4
10.9
835.2
Other com m ercial3....................................................................
893.7
956.0
1,025.9
1,098.9
1,154.9
145.7
153.9
176.0
Religious buildings........................................................................
163.5
189.1
199.2
137.9
149.7
163.7
Educational buildings....................................................................
179.1
197.0
212.8
327.7
371.1
Hospital and institutional buildings............................................
348.7
397.9
426.0
448.8
O ther................................................................................................
345.1
373.6
405.3
444.5
481.0
506.7
177.5
Hotels and m o te ls ....................................................................
194.8
215.3
238.7
261.8
278.3
92.7
119.9
Amusement and recreational buildings.................................
101.0
109.8
129.3
135.8
Other nonfarm buildings4........................................................
75.0
77.7
85.9
80.3
90.0
92.5
1,229.0
1,264.7
Utilities............................................................................................
1,283.0
1,321.6
1,383.6
1,420.3
Railroad.......................................................................................
299.2
301.2
295.4
286.2
287.1
278.8
235.3
258.7
Telecommunications...
239.5
243.0
280.5
301.9
483.4
Electric light and power
503.9
512.7
560.4
532.3
580.0
168.9
176.7
Gas................................
187.6
198.1
207.9
212.0
42.1
43.4
47.7
Petroleum pipelines.....
44.3
46.3
47.5
204.4
Farm related buildings and structures........................................
210.7
218.1
236.8
226.8
243.3
347.4
Mining exploration, shafts, and w ells.........................................
311.2
360.8
344.3
389.8
415.2
277.4
Petroleum and natural g a s......................................................
325.5
311.2
307.0
351.6
376.3
Other m ining..............................................................................
33.8
35.2
36.2
37.2
38.2
38.8
Other nonfarm structures5...........................................................
152.1
144.8
156.9
164.6
173.6
181.8
Residential structures..........................................................................
8,131.2 8,580.8 9,124.2 9,797.4 10,447.0 11,012.3
Housing units
6,995.2
7,449.5
8,545.6
6,624.6
8,016.1
9,017.7
Permanent site
6,483.0
6,845.0
7,289.1
7,845.4
8,369.8
8,837.3
1 -to-4-umt
5,663.1
5,959.4
6,334.9
6,844.5
7,309.2
7,733.3
Farm.
126.9
130.4
135.0
149.4
143.1
154.5
Nonfarm .................................................................................
5,536.2
5,829.0
6,199.9
6,701.4
7,159.8
7,578.8
5-or-more-umt
819.9
885.6
954.2
1,000.9
1,060.6
1,104.0
Manufactured hom es....................................................................
141.6
150.2
160.4
170.7
175.8
180.4
Farm.....
16.7
13.6
15.1
17.8
18.7
19.9
Nonfarm
135.1
128.0
143.6
157.1
152.9
160.6
Improvements
1,477.1
1,555.1
1,642.9
1,747.2
1,865.4
1,956.6
Other residential6
29.6
30.5
34.1
31.9
36.0
37.9
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
102.21
102.04
102.71
101.24
102.63
103.19
102.63
103.20
101.88
104.61
102.61
104.49
105.90
105.11
100.35
100.87
99.54
102.15
101.01
101.34
99.85
99.42
101.65
101.82
100.25
101.40
104.70
104.33
105.66
102.57
106.13
106.22
106.13
106.22
104.09
110.04
105.08
109.23
112.59
109.88
100.42
102.20
99.33
104.16
101.85
105.96
100.34
99.00
102.77
103.17
99.25
102.97
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
102.31
102.25
102.19
102.38
99.96
102.44
100.94
104.68
109.38
104.18
102.65
100.33
104.95
104.85
104.75
105.18
100.05
105.29
101.92
109.71
118.90
108.73
105.40
101.11
107.35
106.70
108.59
102.83
109.99
109.20
109.33
109.20
107.31
115.52
108.00
114.53
119.38
114.96
102.44
104.18
98.82
110.96
103.18
107.89
101.25
98.72
102.63
103.18
97.95
104.62
107.77
107.64
107.50
108.17
100.92
108.34
103.08
113.94
123.24
112.95
108.42
102.94
110.10
109.30
111.63
102.85
114.58
112.27
112.96
112.27
110.68
121.93
110.98
119.02
125.77
118.95
103.04
106.33
98.16
117.70
105.12
109.81
100.98
98.88
104.21
105.15
96.41
106.43
110.61
110.39
110.27
111.20
101.42
111.43
104.19
115.74
127.90
114.44
111.69
104.79
112.70
111.56
114.11
102.52
118.15
115.01
116.05
115.01
113.67
128.34
113.94
122.19
130.34
121.84
103.24
108.39
97.55
123.44
107.20
111.82
100.55
99.01
106.58
107.90
95.49
108.06
113.44
113.14
113.08
114.26
101.85
114.54
105.33
116.09
132.81
114.31
114.84
107.03
Private fixed assets..
Equipment and s o ftw a re ..........................................................................
Nonresidential equipment and so ftw are ..........................................
Information processing equipment and software..........................
Computers and peripheral equipment
Software1......................................
Communication equipment........
Instruments...................................
Photocopy and related equipment
Office and accounting equipment
Industrial equipment.......................
Fabricated metal products..........
Engines and turbines.....................................................................
Steam engines...........................................................................
Internal combustion engines..
Metalworking machinery............
Special industry machinery, n.e.c
General industrial, including materials handling, equipmem
Electrical transmission, distribution, and industrial apparatus
Transportation equipm ent................................................................
Trucks, buses, and truck trailers.................................................
Autos...............................................................................................
Aircraft ............................................................................................
Ships and b oats.............................................................................
Railroad equipment
Other equipm ent.....
Furniture and fixtures
Household furniture
Other furniture...........................................................................
Tractors...........................................................................................
Farm tractors..............................................................................
Construction tra cto rs...............................................................
Agricultural machinery, except tractors......................................
Construction machinery, except tractors....................................
Mining and oilfield machinery.....................................................
Service industry machinery..........................................................
Electrical equipment, n.e.c............................................................
Household appliances..............................................................
O ther...........................................................................................
Other nonresidential equipm ent..................................................
Residential equipm ent.........................................................................
1997
16,722.5 17,653.1
3,416.3
3,352.2
906.0
101.5
173.7
363.8
175.0
71.5
20.5
1,119.1
98.7
57.3
50.4
6.9
219.2
253.1
234.9
255.9
690.4
260.7
159.0
147.1
46.5
77.1
636.8
178.2
9.0
169.2
59.3
48.6
10.6
74.9
82.1
16.6
68.8
44.7
2.9
41.9
112.2
64.1
3,585.3
3,519.8
974.8
112.2
200.7
388.2
181.9
70.2
21.6
1,156.9
98.6
58.5
51.2
7.3
227.8
262.1
243.0
266.8
716.5
283.0
159.9
149.6
46.9
77.1
671.6
189.3
9.1
180.2
63.4
51.7
11.7
77.2
87.2
18.1
72.1
46.9
2.8
44.1
117.4
65.5
1998
2000
2001
18,649.6 19,880.4 21,215.2 22,190.4
3,779.2
3,711.6
1,035.9
117.5
236.4
399.9
191.3
69.2
21.5
1,199.5
99.3
59.3
51.5
7.8
237.8
274.3
253.1
275.6
764.2
321.8
157.8
158.5
46.9
79.1
712.0
200.4
9.3
191.1
67.8
54.9
13.0
79.9
94.0
19.3
75.6
50.9
2.9
48.0
124.2
67.6
1. Excludes software “embedded” or bundled in computers and other equipment.
2. Consists of office buildings except those occupied by electric and gas utility companies.
3. Consists primarily of stores, restaurants, garages, service stations, warehouses, and other buildings used for commercial purposes.
4. Consists of buildings not elsewhere classified, such as passenger terminals, greenhouses, and
1999
C h a in -ty p e q u a n tity in d e x e s ( 1 9 9 6 = 1 0 0 )
4,013.2
3,943.9
1,137.4
137.9
280.3
430.2
201.3
66.4
21.3
1,240.7
101.3
59.4
50.5
8.8
244.1
282.9
260.4
292.6
816.4
366.5
157.3
163.4
46.9
82.3
749.4
213.5
9.6
203.9
69.3
55.6
13.8
79.6
100.3
21.2
79.5
53.9
2.9
51.0
132.2
69.3
4,288.3
4,215.5
1,259.0
153.4
324.5
482.9
213.7
63.7
20.8
1,292.7
104.0
62.3
52.8
9.5
252.9
296.6
269.9
306.9
873.7
395.8
155.4
189.6
48.3
84.6
790.1
228.5
10.0
218.5
71.4
56.9
14.5
80.2
105.1
22.8
82.7
58.5
2.9
55.6
140.9
72.8
animal hospitals.
5. Consists primarily of streets, dams, reservoirs, sewer and water facilities, parks, and airfields.
6. Consists primarily of dormitories and of fraternity and sorority houses,
n.e.c. Not elsewhere classified
D -39
February 2003
C . H is to ric a l M e a s u re s
This table is derived from the “GDP and Other Major NIPA Series” tables that were published in the August 2002 issue
of the S u r v e y O f C u r r e n t B u sin es s 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. GDP and Other Major NIPA Aggregates
[Quarterly estimates are seasonally adjusted at annual rates]
Percent change from
preceding period
Billions of chained (1996) dollars
Year and
quarter
Chain-type price indexes
Implicit price deflators
Percent change from preceding period
Implicit price deflators
Chain-type price indexes
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Gross
domestic
product
Final sales of
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
Gross
domestic
product
195 9 ................
2,319.0
2,317.4
2,332.8
7.2
6.3
21.88
21.41
21.88
21.88
1.1
1.1
1.1
1.1
196 0 ...............
196 1 ...............
1962...............
196 3 ...............
1 9 6 4 ...............
2,376.7
2,432.0
2,578.9
2,690.4
2,846.5
2,378.5
2,435.5
2,569.5
2,683.6
2,844.1
2,391.9
2,448.8
2,598.0
2,710.8
2,868.5
2.5
2.3
6.0
4.3
5.8
2.6
2.4
5.5
4.4
6.0
22.19
22.43
22.74
22.99
23.34
21.71
21.94
22.23
22.50
22.85
22.19
22.44
22.74
23.00
23.34
22.18
22.43
22.74
22.99
23.34
1.4
1.1
1.4
1.1
1.5
1.4
1.1
1.3
1.2
1.6
1.4
1.1
1.4
1.1
1.5
1.4
1.1
1.4
1.1
1.5
196 5 ...............
1966................
196 7 ...............
196 8 ...............
196 9 ...............
3,028.5
3,227.5
3,308.3
3,466.1
3,571.4
3,008.5
3,191.1
3,288.2
3,450.0
3,555.9
3,051.7
3,248.9
3,330.4
3,489.8
3,594.1
6.4
6.6
2.5
4.8
3.0
5.8
6.1
3.0
4.9
3.1
23.77
24.45
25.21
26.29
27.59
23.26
23.91
24.61
25.66
26.92
23.78
24.46
25.21
26.30
27.59
23.77
24.45
25.21
26.29
27.59
1.9
2.8
3.1
4.3
4.9
1.8
2.8
2.9
4.3
4.9
1.9
2.9
3.1
4.3
4.9
1.9
2.9
3.1
4.3
4.9
1 97 0 ...............
197 1 ...............
197 2 ...............
197 3 ...............
197 4 ...............
3,578.0
3,697.7
3,898.4
4,123.4
4,099.0
3,588.6
3,688.1
3,887.7
4,094.3
4,080.7
3,600.6
3,722.9
3,925.7
4,161.0
4,142.3
.2
3.3
5.4
5.8
-.6
.9
2.8
5.4
5.3
-.3
29.05
30.52
31.81
33.60
36.60
28.37
29.84
31.17
32.99
36.35
29.06
30.52
31.82
33.60
36.62
29.05
30.52
31.82
33.60
36.62
5.3
5.0
4.2
5.6
9.0
5.4
5.2
4.5
5.8
10.2
5.3
5.0
4.3
5.6
9.0
5.3
5.1
4.2
5.6
9.0
1 975...............
1 97 6 ...............
197 7 ...............
1 97 8 ...............
1 979...............
4,084.4
4,311.7
4,511.8
4,760.6
4,912.1
4,118.5
4,288.8
4,478.8
4,722.9
4,894.4
4,117.7
4,351.4
4,556.6
4,805.3
4,973.9
-.4
5.6
4.6
5.5
3.2
.9
4.1
4.4
5.5
3.6
40.03
42.29
45.02
48.22
52.24
39.69
41.93
44.80
48.02
52.26
40.03
42.30
45.02
48.23
52.25
40.03
42.31
45.03
48.24
52.26
9.4
5.7
6.4
7.1
8.3
9.2
5.7
6.8
7.2
8.8
9.3
5.7
6.4
7.1
8.3
9.3
5.7
6.4
7.1
8.3
1 98 0 ...............
1981...............
1 98 2 ...............
1983...............
1 98 4 ...............
4,900.9
5,021.0
4,919.3
5,132.3
5,505.2
4,928.1
4,989.5
4,954.9
5,154.5
5,427.9
4,962.3
5,075.4
4,973.6
5,184.9
5,553.8
-.2
2.5
-2.0
4.3
7.3
.7
1.2
-.7
4.0
5.3
57.05
62.37
66.26
68.87
71.44
57.79
63.05
66.71
69.05
71.46
57.04
62.37
66.25
68.88
71.44
57.05
62.38
66.26
68.89
71.45
9.2
9.3
6.2
3.9
3.7
10.6
9.1
5.8
3.5
3.5
9.2
9.3
6.2
4.0
3.7
9.2
9.3
6.2
4.0
3.7
198 5 ...............
1 98 6 ...............
1 987...............
198 8 ...............
1 98 9 ...............
5,717.1
5,912.4
6,113.3
6,368.4
6,591.8
5,698.8
5,912.6
6,088.8
6,352.6
6,565.4
5,750.9
5,932.5
6,130.8
6,391.1
6,615.5
3.8
3.4
3.4
4.2
3.5
5.0
3.8
3.0
4.3
3.3
73.69
75.32
77.58
80.22
83.27
73.56
75.22
77.70
80.36
83.45
73.69
75.31
77.58
80.21
83.27
73.70
75.32
77.58
80.22
83.28
3.2
2.2
3.0
3.4
3.8
2.9
2.3
3.3
3.4
3.8
3.2
2.2
3.0
3.4
3.8
3.2
2.2
3.0
3.4
3.8
1 99 0 ...............
1991...............
1 99 2 ...............
1 99 3 ...............
1 99 4 ...............
6,707.9
6,676.4
6,880.0
7,062.6
7,347.7
6,695.6
6,681.5
6,867.7
7,043.8
7,285.8
6,740.0
6,703.4
6,905.8
7,087.8
7,364.3
1.8
-.5
3.0
2.7
4.0
2.0
-.2
2.8
2.6
3.4
86.53
89.66
91.85
94.05
96.01
86.85
89.81
92.03
94.14
96.06
86.51
89.66
91.84
94.05
96.01
86.53
89.67
91.84
94.06
96.02
3.9
3.6
2.4
2.4
2.1
4.1
3.4
2.5
2.3
2.0
3.9
3.6
2.4
2.4
2.1
3.9
3.6
2.4
2.4
2.1
1995...............
1 99 6 ...............
1 9 9 7 ...............
1 99 8 ...............
1 9 9 9 ...............
7,543.8
7,813.2
8,159.5
8,508.9
8,859.0
7,512.2
7,783.2
8,095.2
8,431.8
8,793.9
7,564.0
7,831.2
8,168.1
8,508,4
8,883.7
2.7
3.6
4.4
4.3
4.1
3.1
3.6
4.0
4.2
4.3
98.10
100.00
101.95
103.20
104.69
98.20
100.00
101.64
102.43
103.97
98.10
100.00
101.95
103.20
104.69
98.11
100.00
101.93
103.17
104.65
2.2
1.9
1.9
1.2
1.4
2.2
1.8
1.6
.8
1.5
2.2
1.9
1.9
1.2
1.4
2.2
1.9
1.9
1.2
1.4
2 0 0 0 ...............
2001 ...............
2 0 0 2 ...............
9,191.4
9,214.5
9,436.1
9,121.1
9,258.4
9,425.6
9,216.2
9,237.3
3.8
.3
2.4
3.7
1.5
1.8
106.89
109.42
110.66
106.58
108.65
109.91
106.89
109.42
110.66
106.86
109.38
2.1
2.4
1.1
2.5
1.9
1.2
2.1
2.4
1.1
2.1
2.4
1959:
I .........
I I ........
I ll.......
IV .......
2,273.0
2,332.4
2,331.4
2,339.1
2,275.1
2,314.9
2,344.3
2,335.5
2,286.2
2,345.5
2,345.5
2,354.1
8.6
10.9
-.2
1.3
9.1
7.2
5.2
-1.5
21.79
21.84
21.90
21.99
21.33
21.37
21.43
21.52
21.83
21.83
21.88
21.98
21.82
21.83
21.88
21.98
.9
.9
1.2
1.7
1.2
.9
1.1
1.7
.1
.1
.9
1.8
.1
.1
.9
1.8
1960:
I .........
II ........
I ll .......
IV.......
2,391.0
2,379.2
2,383.6
2,352.9
2,060.4
2,382.7
2,380.0
2,391.1
2,405.4
2,393.9
2,398.9
2,369.3
9.2
-2 .0
.7
-5.0
4.3
3.8
-.5
1.9
22.04
22.14
22.23
22.33
21.57
21.66
21.76
21.86
22.08
22.15
22.23
22.30
22.07
22.15
22.23
22.29
.9
1.7
1.8
1.8
.8
1.8
1.8
1.9
1.7
1.4
1.5
1.2
1.8
1.3
1.5
1.1
1961:
I .........
II........
I ll .......
IV......
2,366.5
2,410.8
2,450.4
2,500.4
2,392.9
2,418.3
2,437.7
2,493.2
2,383.7
2,427.1
2,467.2
2,517.5
2.3
7.7
6.8
8.4
.3
4.3
3.2
9.4
22.36
22.40
22.45
22.51
21.88
21.91
21.96
22.01
22.35
22.40
22.46
22.53
22.34
22.39
22.45
22.53
.5
.7
.9
1.0
.4
.5
.9
.9
1.0
.8
1.1
1.4
1.0
.8
1.1
1.4
1962:
I .........
II........
I ll.......
IV.......
2,544.0
2,571.5
2,596.8
2,603.3
2,522.5
2,564.6
2,586.2
2,604.6
2,561.0
2,590.3
2,615.7
2,625.1
7.2
4.4
4.0
1.0
4.8
6.8
3.4
2.9
22.64
22.71
22.77
22.84
22.13
22.20
22.26
22.34
22.67
22.71
22.76
22.83
22.67
22.70
22.75
22.83
2.4
1.1
1.1
1.4
2.2
1.3
1.0
1.4
2.5
.6
1.0
1.3
2.5
.6
1.0
1.3
1963:
I .........
II........
I ll.......
IV.......
2,634.1
2,668.4
2,719.6
2,739.4
2,619.3
2,663.9
2,712.0
2,739.6
2,654.8
2,688.2
2,739.8
2,760.3
4.8
5.3
7.9
2.9
2.3
7.0
7.4
4.1
22.93
22.95
22.98
23.12
22.42
22.45
22.49
22.63
22.91
22.94
22.98
23.16
22.90
22.93
22.97
23.15
1.4
.3
.6
2.5
1.6
.4
.8
2.6
1.3
.6
.6
3.2
1.3
.6
.6
3.2
1964:
I .........
I I .......
I ll......
IV......
2,800.5
2,833.8
2,872.0
2,879.5
2,799.3
2,833.5
2,868.3
2,875.5
2,823.2
2,855.7
2,894.7
2,900.5
9.2
4.8
5.5
1.0
9.0
5.0
5.0
1.0
23.20
23.27
23.39
23.49
22.72
22.79
22.90
22.99
23.22
23.28
23.37
23.49
23.22
23.27
23.37
23.48
1.4
1.2
2.0
1.8
1.5
1.3
1.8
1.7
1.2
.9
1.6
2.0
1.2
.9
1.6
2.0
D -4 0
National D ata
February 2003
Table C.1. GDP and Other Major NIPA Aggregates
[Quarterly estimates are seasonally adjusted at annual rates]
Percent change from
preceding period
Billions of chained (1996) dollars
Year and
quarter
Chain-type price indexes
Implicit price deflators
Percent change from preceding period
Chain-type jrice indexes
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Gross
domestic
product
Final sales of
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
Gross
domestic
product
Implicit pric e deflators
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
2,950.1
2,989.9
3,050.7
3,123.6
2,920.2
2,973.2
3,029.4
3,111.4
2,974.0
3,014.6
3,073.6
3,144.5
10.2
5.5
8.4
9.9
6.4
7.4
7.8
11.3
23.60
23.71
23.81
23.97
23.08
23.19
23.30
23.46
23.61
23.71
23.81
23.97
23.60
23.71
23.80
23.97
1.9
1.8
1.8
2.6
1.6
1.8
1.9
2.9
2.1
1.8
1.5
2.8
2.1
1.8
1.5
2.8
3,201.1
3,213.2
3,233.6
3,261.8
3,165.1
3,180.0
3,205.0
3,214.5
3,222.6
3,234.8
3,254.7
3,283.7
10.3
1.5
2.6
3.5
7.1
1.9
3.2
1.2
24.11
24.33
24.57
24.79
23.59
23.81
24.03
24.22
24.13
24.32
24.58
24.79
24.12
24.32
24.58
24.79
2.4
3.8
4.0
3.5
2.1
3.8
3.7
3.3
2.6
3.3
4.3
3.5
2.6
3.3
4.3
3.5
3,291.8
3,289.7
3,313.5
3,338.3
3,246.9
3,281.5
3,297.4
3,326.9
3,313.4
3,310.7
3,336.6
3,360.8
3.7
-.3
2.9
3.0
4.1
4.3
2.0
3.6
24.90
25.06
25.29
25.57
24.32
24.47
24.70
24.96
24.89
25.05
25.31
25.59
24.89
25.04
25.31
25.59
1.9
2.5
3.8
4.4
1.6
2.5
3.8
4.3
1.6
2.5
4.3
4.5
1.6
2.5
4.3
4.5
3,406.2
3,464.8
3,489.2
3,504.1
3,394.2
3,428.5
3,478.1
3,499.5
3,429.2
3,488.3
3,513.4
3,528.1
8.4
7.1
2.8
1.7
8.3
4.1
5.9
2.5
25.86
26.15
26.39
26.76
25.24
25.51
25.77
26.13
25.88
26.14
26.39
26.76
25.87
26.14
26.39
26.76
4.6
4.5
3.8
5.7
4.6
4.2
4.1
5.7
4.5
4.1
3.9
5.7
4.5
4.1
3.9
5.7
3,558.3
3,567.6
3,588.3
3,571.4
3,535.0
3,551.3
3,569.0
3,568.3
3,582.2
3,590.6
3,610.3
3,593.3
6.3
1.0
2.3
-1.9
4.1
1.9
2.0
-.1
27.02
27.39
27.79
28.15
26.37
26.73
27.11
27.46
27.03
27.39
27.79
28.15
27.03
27.38
27.79
28.15
3.9
5.5
6.0
5.3
3.8
5.6
5.8
5.3
4.1
5.3
6.0
5.3
4.1
5.3
6.0
5.3
3,566.5
3,573.9
3,605.2
3,566.5
3,578.9
3,573.2
3,605.0
3,597.4
3,589.1
3,597.4
3,628.3
3,587.6
-.6
.8
3.6
-4.2
1.2
-.6
3.6
-.8
28.54
28.94
29.17
29.55
27.85
28.24
28.51
28.89
28.55
28.94
29.18
29.56
28.54
28.94
29.17
29.56
5.6
5.8
3.2
5.3
5.8
5.6
3.9
5.5
5.8
5.7
3.3
5.3
5.8
5.7
3.3
5.3
3,666.1
3,686.2
3,714.5
3,723.8
3,643.1
3,667.8
3,698.9
3,742.5
3,691.3
3,712.8
3,738.4
3,749.2
11.6
2.2
3.1
1.0
5.2
2.7
3.4
4.8
30.00
30.40
30.71
30.96
29.31
29.71
30.04
30.30
30.00
30.40
30.71
30.96
30.00
30.40
30.71
30.96
6.1
5.5
4.1
3.3
6.0
5.5
4.6
3.5
6.1
5.4
4.2
3.3
6.1
5.4
4.2
3.3
3,796.9
3,883.8
3,922.3
3,990.5
3,802.2
3,862.7
3,897.2
3,988.5
3,823.4
3,910.0
3,950.7
4,018.7
8.1
9.5
4.0
7.1
6.5
6.5
3.6
9.7
31.42
31.61
31.92
32.30
30.76
30.98
31.30
31.67
31.41
31.61
31.92
32.32
31.41
31.61
31.92
32.32
6.1
2.5
4.0
4.8
6.1
2.9
4.2
4.8
5.8
2.6
4.0
5.1
5.8
2.6
4.0
5.1
I
II........
I ll.......
IV.......
4,092.3
4,133.3
4,117.0
4,151.1
4,075.5
4,094.4
4,100.7
4,106.3
4,125.0
4,168.3
4,158.0
4,192.5
10.6
4.1
-1.6
3.4
9.0
1.9
.6
.5
32.73
33.27
33.90
34.48
32.09
32.69
33.29
33.91
32.71
33.25
33.86
34.58
32.71
33.25
33.86
34.58
5.4
6.8
7.9
7.0
5.4
7.7
7.6
7.6
4.9
6.9
7.5
8.7
4.9
6.9
7.5
8.7
1974:
I .........
II ........
I ll.......
IV .......
4,119.3
4,130.4
4,084.5
4,062.0
4,101.8
4,105.6
4,089.8
4,025.8
4,168.1
4,176.5
4,126.5
4,098.0
-3.0
1.1
-4.4
-2.2
-.4
.4
-1.5
-6.1
35.18
35.97
37.07
38.20
34.80
35.79
36.87
37.93
35.20
36.02
37.09
38.20
35.20
36.02
37.08
38.19
8.4
9.2
12.8
12.7
10.9
11.9
12.7
12.0
7.4
9.6
12.4
12.5
7.4
9.6
12.4
12.5
1975:
I .........
I I ........
Ill.......
IV .......
4,010.0
4,045.2
4,115.4
4,167.2
4,054.7
4,099.2
4,135.9
4,184.3
4,040.1
4,075.6
4,148.4
4,206.7
-5.0
3.6
7.1
5.1
2.9
4.5
3.6
4.8
39.08
39.63
40.35
41.05
38.76
39.33
39.99
40.67
39.08
39.63
40.33
41.05
39.08
39.63
40.33
41.05
9.6
5.8
7.5
7.1
9.0
6.0
7.0
6.9
9.6
5.7
7.3
7.3
9.6
5.7
7.3
7.3
1976:
I .........
I I ........
I ll.......
IV.......
4,266.1
4,301.5
4,321.9
4,357.4
4,248.8
4,264.1
4,289.7
4,352.4
4,304.2
4,341.2
4,362.0
4,398.4
9.8
3.4
1.9
3.3
6.3
1.4
2.4
6.0
41.49
41.93
42.51
43.25
41.11
41.56
42.18
42.88
41.50
41.92
42.50
43.27
41.50
41.92
42.51
43.28
4.3
4.3
5.6
7.1
4.4
4.5
6.1
6.8
4.5
4.1
5.7
7.4
4.5
4.1
5.7
7.4
1977:
I .........
II ........
I ll.......
IV.......
4,410.5
4,489.8
4,570.6
4,576.1
4,393.8
4,464.0
4,509.7
4,547.5
4,457.6
4,535.9
4,616.4
4,616.6
5.0
7.4
7.4
.5
3.9
6.5
4.2
3.4
43.97
44.69
45.32
46.08
43.68
44.45
45.14
45.92
43.97
44.69
45.23
46.16
43.97
44.71
45.25
46.17
6.9
6.7
5.8
6.9
7.7
7.2
6.4
7.0
6.6
6.8
4.9
8.5
6.6
6.8
4.9
8.4
1978:
I .........
II........
I ll.......
IV.......
4,588.9
4,765.7
4,811.7
4,876.0
4,552.0
4,730.8
4,774.7
4,834.2
4,636.0
4,804.8
4,854.6
4,925.8
1.1
16.3
3.9
5.5
.4
16.7
3.8
5.1
46.86
47.79
48.64
49.62
46.67
47.60
48.45
49.37
46.86
47.77
48.60
49.59
46.87
47.78
48.61
49.60
6.9
8.2
7.3
8.3
6.8
8.2
7.3
7.8
6.2
8.0
7.1
8.4
6.2
8.0
7.1
8.4
1979:
I
II........
I ll.......
IV.......
4,888.3
4,891.4
4,926.2
4,942.6
4,855.1
4,852.9
4,921.9
4,947.7
4,939.6
4,949.3
4,995.6
5,011.4
1.0
.3
2.9
1.3
1.7
-.2
5.8
2.1
50.58
51.73
52.79
53.86
50.38
51.58
52.89
54.20
50.55
51.71
52.81
53.90
50.56
51.72
52.82
53.90
8.0
9.4
8.5
8.3
8.4
9.9
10.5
10.3
7.9
9.5
8.8
8.5
7.9
9.5
8.8
8.5
1980:
I .........
II........
I ll.......
IV.......
4,958.9
4,857.8
4,850.3
4,936.6
4,961.4
4,861.6
4,923.9
4,965.2
5,028.8
4,922.5
4,911.3
4,986.3
1.3
-7.9
-.6
7.3
1.1
-7.8
5.2
3.4
55.08
56.35
57.62
59.16
55.73
57.14
58.43
59.89
55.11
56.34
57.60
59.13
55.12
56.35
57.61
59.14
9.4
9.5
9.4
11.1
11.8
10.5
9.3
10.4
9.3
9.2
9.2
11.0
9.3
9.2
9.2
11.1
1981:
I
II........
I ll.......
IV.......
.....
5,032.5
4,997.3
5,056.8
4,997.1
4,985.6
4,995.9
5,003.5
4,972.9
5,086.4
5,048.1
5,110.5
5,056.8
8.0
-2.8
4.9
-4.6
1.7
.8
.6
-2.4
60.67
61.75
62.95
64.10
61.42
62.53
63.56
64.70
60.66
61.76
62.95
64.10
60.67
61.77
62.97
64.11
10.6
7.3
8.0
7.5
10.7
7.4
6.7
7.4
10.8
7.5
8.0
7.5
10.8
7.5
8.0
7.5
1982:
I
II........
I ll.......
IV.......
.....
4,914.3
4,935.5
4,912.1
4,915.6
4,959.7
4,954.2
4,916.8
4,989.1
4,969.4
4,996.9
4,963.4
4,964.8
-6.5
1.7
-1.9
.3
-1.1
-.4
-3.0
6.0
65.00
65.84
66.75
67.44
65.56
66.29
67.16
67.83
64.99
65.83
66.75
67.45
65.00
65.84
66.76
67.46
5.8
5.3
5.6
4.2
5.4
4.6
5.4
4.0
5.7
5.3
5.7
4.3
5.7
5.2
5.7
4.3
1983:
I
I I ........
I ll.......
IV.......
.....
4,972.4
5,089.8
5,180.4
5,286.8
5,036.1
5,113.1
5,200.3
5,268.5
5,021.5
5,142.2
5,233.9
5,342.0
4.7
9.8
7.3
8.5
3.8
6.3
7.0
5.4
67.98
68.59
69.17
69.75
68.22
68.80
69.35
69.83
67.95
68.56
69.16
69.77
67.96
68.57
69.18
69.79
3.3
3.6
3.4
3.4
2.3
3.5
3.2
2.8
3.0
3.7
3.6
3.6
3.0
3.7
3.6
3.6
1965:
I .........
II ........
Ill.......
IV.......
1966:
I
II........
I ll.......
IV.......
1967:
I
II ........
I l l .......
IV.......
1968:
I
II........
I l l .......
IV.......
1969:
I
II ........
I ll.......
IV.......
1970:
I
II ........
Ill.......
IV.......
1971:
I
I I ........
I ll.......
IV.......
1972:
I
II........
I ll.......
IV.......
1973:
.....
.....
.....
.....
.....
.....
.....
.....
.....
February 2003
Survey
of
D-41
C u r r e n t B usin ess
Table C.1. GDP and Other Major NIPA Aggregates
[Quarterly estimates are seasonally adjusted at annual rates]
Percent change from
preceding period
Billions of chained (1996) dollars
Year and
quarter
Chain-type price indexes
Percent change from preceding period
Implicit price deflators
Implicit price deflators
Chain-type price indexes
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Final sales of
domestic
product
Gross
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
Gross
domestic
product
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
1984:
I .........
II........
I ll.......
IV.......
5,402.3
5,493.8
5,541.3
5,583.1
5,313.9
5,410.8
5,456.0
5,531.0
5,452.6
5,544.3
5,591.1
5,627.1
9.0
7.0
3.5
3.1
3.5
7.5
3.4
5.6
70.59
71.18
71.74
72.24
70.67
71.25
71.72
72.18
70.59
71.16
71.73
72.24
70.60
71.17
71.74
72.25
4.9
3.4
3.2
2.8
4.9
3.3
2.7
2.5
4.8
3.3
3.2
2.9
4.7
3.3
3.2
2.9
1985:
I .........
II ........
I ll .......
IV.......
5,629.7
5,673.8
5,758.6
5,806.0
5,619.8
5,657.0
5,746.0
5,772.5
5,664.3
5,710.9
5,788.6
5,839.6
3.4
3.2
6.1
3.3
6.6
2.7
6.4
1.9
73.01
73.49
73.88
74.40
72.80
73.32
73.73
74.38
73.00
73.50
73.85
74.39
73.01
73.50
73.86
74.40
4.3
2.7
2.1
2.9
3.5
2.8
2.3
3.6
4.3
2.7
2.0
3.0
4.2
2.8
1.9
3.0
1986:
I .........
II
Ill .......
IV.......
5,858.9
5,883.3
5,937.9
5,969.5
5,828.7
5,872.6
5,956.0
5,993.1
5,887.3
5,901.9
5,959.0
5,981.7
3.7
1.7
3.8
2.1
3.9
3.1
5.8
2.5
74.69
75.04
75.51
76.05
74.71
74.85
75.37
75.94
74.68
75.05
75.51
76.01
74.69
75.05
75.51
76.02
1.5
1.9
2.5
2.9
1.8
.7
2.9
3.0
1.5
2.0
2.5
2.7
1.5
2.0
2.5
2.7
1987:
I .........
II........
I ll.......
IV.......
6,013.3
6,077.2
6,128.1
6,234.4
5,985.4
6,066.8
6,138.7
6,164.1
6,027.6
6,095.8
6,145.8
6,254.1
3.0
4.3
3.4
7.1
-.5
5.6
4.8
1.7
76.73
77.27
77.83
78.46
76.76
77.40
78.01
78.64
76.70
77.27
77.84
78.46
76.71
77.27
77.84
78.46
3.6
2.9
2.9
3.3
4.4
3.4
3.2
3.3
3.7
3.0
3.0
3.2
3.7
3.0
3.0
3.2
1988:
1.........
II
I ll.......
IV.......
6,275.9
6,349.8
6,382.3
6,465.2
6,263.0
6,334.0
6,365.9
6,447.5
6,302.0
6,372.8
6,402.0
6,487.4
2.7
4.8
2.1
5.3
6.6
4.6
2.0
5.2
78.99
79.79
80.73
81.36
79.21
80.01
80.75
81.46
78.98
79.79
80.71
81.33
78.99
79.79
80.72
81.34
2.7
4.1
4.8
3.2
2.9
4.1
3.8
3.6
2.7
4.1
4.7
3.1
2.7
4.1
4.7
3.1
1989:
I .........
II ........
I ll.......
IV.......
6,543.8
6,579.4
6,610.6
6,633.5
6,492.7
6,542.8
6,605.8
6,620.4
6,565.6
6,599.7
6,633.4
6,663.4
5.0
2.2
1.9
1.4
2.8
3.1
3.9
.9
82.20
83.02
83.62
84.24
82.36
83.26
83.74
84.43
82.20
83.01
83.62
84.24
82.20
83.02
83.63
84.25
4.2
4.0
2.9
3.0
4.5
4.4
2.4
3.3
4.3
4.0
2.9
3.0
4.3
4.0
3.0
3.0
1990:
I .........
II ........
I ll.......
IV.......
6,716.3
6,731.7
6,719.4
6,664.2
6,705.8
6,697.6
6,699.2
6,680.0
6,743.6
6,760.8
6,742.6
6,713.3
5.1
.9
-.7
-3.2
5.3
-.5
.1
-1.1
85.19
86.17
87.00
87.76
85.48
86.27
87.26
88.41
85.18
86.16
86.99
87.74
85.20
86.17
87.00
87.76
4.6
4.7
3.9
3.5
5.1
3.7
4.7
5.3
4.5
4.7
3.9
3.5
4.6
4.6
3.9
3.5
1991:
I .........
II........
Ill.......
IV.......
6,631.4
6,668.5
6,684.9
6,720.9
6,652.5
6,692.5
6,689.2
6,692.0
6,667.4
6,692.1
6,704.7
6,749.4
-2.0
2.3
1.0
2.2
-1.6
2.4
-.2
.2
88.78
89.41
89.99
90.47
89.09
89.51
90.04
90.60
88.76
89.40
89.99
90.47
88.78
89.41
90.00
90.48
4.7
2.9
2.6
2.2
3.1
1.9
2.4
2.5
4.8
2.9
2.7
2.2
4.7
2.9
2.6
2.2
1992:
I .........
II........
I ll.......
IV.......
6,783.3
6,846.8
6,899.7
6,990.6
6,788.9
6,827.1
6,882.7
6,972.4
6,811.1
6,873.8
6,923.3
7,015.1
3.8
3.8
3.1
5.4
5.9
2.3
3.3
5.3
91.16
91.68
91.98
92.56
91.25
91.81
92.26
92.81
91.16
91.67
91.97
92.55
91.15
91.67
91.97
92.55
3.1
2.3
1.3
2.5
2.9
2.5
2.0
2.4
3.1
2.3
1.3
2.5
3.0
2.3
1.3
2.5
1993:
I .........
I I ........
I ll.......
IV.......
6,988.7
7,031.2
7,062.0
7,168.7
6,953.6
7,008.8
7,057.9
7,154.8
7,020.9
7,056.0
7,092.4
7,182.1
-.1
2.5
1.8
6.2
-1.1
3.2
2.8
5.6
93.33
93.83
94.26
94.79
93.42
93.98
94.32
94.83
93.32
93.82
94.24
94.79
93.32
93.83
94.26
94.81
3.4
2.2
1.8
2.3
2.7
2.4
1.5
2.2
3.4
2.2
1.8
2.4
3.4
2.2
1.8
2.4
1994:
1.........
II
I ll.......
IV.......
7,229.4
7,330.2
7,370.2
7,461.1
7,187.1
7,250.2
7,318.5
7,387.2
7,249.8
7,346.3
7,385.1
7,476.0
3.4
5.7
2.2
5.0
1.8
3.6
3.8
3.8
95.28
95.72
96.29
96.74
95.22
95.74
96.43
96.86
95.28
95.71
96.28
96.74
95.29
95.73
96.29
96.74
2.1
1.8
2.4
1.9
1.7
2.2
2.9
1.8
2.0
1.8
2.4
1.9
2.1
1.8
2.4
1.9
1995:
I .........
II ........
I ll .......
IV.......
7,488.7
7,503.3
7,561.4
7,621.9
7,427.3
7,469.6
7,549.7
7,602.5
7,510.2
7,528.6
7,572.3
7,645.2
1.5
.8
3.1
3.2
2.2
2.3
4.4
2.8
97.45
97.86
98.31
98.79
97.51
98.04
98.42
98.85
97.45
97.86
98.30
98.78
97.45
97.87
98.31
98.79
3.0
1.7
1.8
2.0
2.7
2.2
1.6
1.8
3.0
1.7
1.8
2.0
3.0
1.7
1.8
2.0
1996:
I .........
II........
I ll.......
IV.......
7,676.4
7,802.9
7,841.9
7,931.3
7,669.6
7,773.4
7,792.1
7,897.6
7,703.1
7,820.4
7,853.5
7,947.9
2.9
6.8
2.0
4.6
3.6
5.5
1.0
5.5
99.40
99.74
100.23
100.63
99.42
99.74
100.16
100.68
99.39
99.74
100.22
100.63
99.39
99.74
100.22
100.63
2.5
1.4
2.0
1.6
2.3
1.3
1.7
2.1
2.5
1.4
1.9
1.7
2.5
1.4
1.9
1.6
1997:
I .........
II........
Ill .......
IV.......
8,016.4
8,131.9
8,216.6
8,272.9
7,966.4
8,043.2
8,164.9
8,206.3
8,025.1
8,145.6
8,225.1
8,276.9
4.4
5.9
4.2
2.8
3.5
3.9
6.2
2.0
101.36
101.82
102.12
102.49
101.28
101.49
101.74
102.07
101.34
101.82
102.12
102.49
101.33
101.80
102.10
102.46
2.9
1.9
1.2
1.4
2.4
.8
1.0
1.3
2.9
1.9
1.2
1.4
2.8
1.8
1.2
1.4
1998:
I .........
II........
I ll.......
IV.......
8,396.3
8,442.9
8,528.5
8,667.9
8,286.6
8,397.2
8,454.9
8,588.5
8,405.4
8,448.7
8,517.6
8,662.0
6.1
2.2
4.1
6.7
4.0
5.4
2.8
6.5
102.76
103.02
103.38
103.66
102.09
102.26
102.54
102.84
102.76
103.01
103.38
103.65
102.73
102.98
103.34
103.62
1.1
1.0
1.4
1.1
.1
.7
1.1
1.2
1.1
1.0
1.4
1.1
1.1
1.0
1.4
1.1
1999:
I .........
I I........
I ll.......
IV.......
8,733.2
8,775.5
8,886.9
9,040.1
8,654.3
8,741.0
8,833.6
8,946.6
8,755.5
8,801.8
8,906.4
9,071.1
3.0
2.0
5.2
7.1
3.1
4.1
4.3
5.2
104.12
104.52
104.84
105.28
103.19
103.72
104.21
104.77
104.12
104.51
104.83
105.27
104.08
104.48
104.80
105.24
1.8
1.5
1.2
1.7
1.4
2.1
1.9
2.2
1.8
1.5
1.2
1.7
1.8
1.5
1.2
1.7
2000:
I .........
II........
I ll.......
IV.......
9,097.4
9,205.7
9,218.7
9,243.8
9,042.9
9,111.1
9,150.4
9,179.8
9,119.7
9,233.0
9,238.2
9,274.0
2.6
4.8
.6
1.1
4.4
3.1
1.7
1.3
106.08
106.69
107.13
107.68
105.72
106.30
106.87
107.43
106.07
106.68
107.12
107.68
106.04
106.64
107.08
107.64
3.1
2.3
1.6
2.1
3.7
2.2
2.2
2.1
3.1
2.3
1.6
2.1
3.1
2.3
1.7
2.1
2001:
I .........
II........
I ll.......
IV......
9,229.9
9,193.1
9,186.4
9,248.8
9,243.8
9,234.3
9,230.5
9,324.9
9,241.7
9,224.3
9,199.8
9,283.5
-.6
-1.6
-.3
2.7
2.8
-.4
-.2
4.2
108.66
109.32
109.92
109.78
108.30
108.76
108.72
108.84
108.65
109.32
109.92
109.78
108.62
109.29
109.89
109.74
3.7
2.5
2.2
-.5
3.3
1.7
-.2
.4
3.7
2.5
2.2
-.5
3.7
2.5
2.2
-.5
2002:
I .........
II ........
I ll.......
IV
9,363.2
9,392.4
9,485.6
9,503.2
9,379.4
9,377.9
9,457.2
9,488.2
9,367.5
9,376.7
9,477.9
5.0
1.3
4.0
.7
2.4
-.1
3.4
1.3
110.14
110.48
110.76
111.24
109.15
109.77
110.11
110.60
110.14
110.48
110.76
111.25
110.11
110.45
110.73
1.3
1.2
1.0
1.8
1.2
2.3
1.2
1.8
1.3
1.2
1.0
1.8
1.4
1.2
1.0
....
....
....
D -42
February 2003
D. D o m e s tic P e rs p e c tiv e s
This table presents data collected from other government agencies and private organizations, as noted.
Quarterly data are shown in the middle month of the quarter.
Table D.1. Domestic Perspectives
2002
2001
2001
2002
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 item s................................................................
Commodities
Services
All items less food and energy..........................
F ood.................................................................
Energy..............................................................
177.1
150.7
203.4
186.1
173.1
129.3
179.9
149.7
209.8
190.5
176.2
121.7
177.3
148.2
206.1
188.3
174.8
113.2
177.6
148.3
206.8
188.6
175.4
114.2
178.0
148.4
207.4
189.1
175.8
113.3
178.6
149.3
207.7
189.3
176.1
117.6
179.5
150.4
208.4
189.8
176.2
122.9
179.5
149.7
209.2
190.1
175.8
122.0
179.7
149.7
209.5
190.2
175.8
122.0
179.9
149.7
210.0
190.5
176.1
122.5
180.5
150.0
210.8
191.1
176.0
123.2
180.8
150.3
211.2
191.3
176.4
124.1
181.3
150.5
211.8
191.6
176.5
126.4
181.5
150.4
212.4
191.9
176.9
126.1
181.6
150.1
212.9
192.0
177.4
125.6
Producer price index, 1982=100:
Finished goods....................................................
Consumer goods............................................
Capital equipm ent..........................................
Less food and energy....................................
Intermediate materials.......................................
Less food and energy....................................
Crude materials..................................................
Less energy.....................................................
140.7
141.5
139.7
150.0
129.7
136.4
121.0
130.7
138.8
139.3
139.1
150.2
127.8
135.8
108.1
135.6
137.8
137.7
139.6
150.4
125.9
134.7
95.5
125.8
137.8
137.8
139.5
150.1
125.6
134.6
99.9
125.8
138.1
138.2
139.6
150.3
125.3
134.6
98.7
127.7
139.3
139.9
139.5
150.2
126.5
135.0
103.6
128.4
139.1
139.6
139.2
150.3
127.5
135.3
108.0
131.1
138.5
138.8
139.1
150.3
127.2
135.4
108.9
134.1
138.7
139.0
139.3
150.5
127.4
135.6
104.9
137.8
138.4
138.9
138.7
149.9
127.8
136.0
106.3
140.5
138.5
139.1
138.6
149.8
128.2
136.3
108.3
139.9
138.6
139.1
138.7
150.0
128.9
136.6
108.6
139.3
140.1
141.0
139.2
150.7
129.8
136.7
112.3
140.6
139.5
140.4
138.9
150.3
129.7
136.9
118.0
141.1
139.5
140.5
138.4
149.8
129.6
136.7
120.3
141.4
Money, interest rates, and stock prices
Money stock (monthly and quarterly data
seasonally adjusted):2
Percent change:
M 1 ....................................................................
M 2 ....................................................................
Ratio:
Gross domestic product to M 1 .....................
Personal income to M 2..................................
8.867
1.664
8.764
1.592
Interest rates (percent, not seasonally
adjusted):2
Prime rate charged by banks.............................
3-month Treasury bills, secondary market
3-Year U.S. Treasury bonds...............................
10-Year U.S. Treasury bonds.............................
Federal funds rate...............................................
New home mortgages........................................
6.92
3.39
4.09
5.02
3.88
7.00
Index of stock prices (not seasonally adjusted):3
500 common stocks, 1941-43=10....................
1,427.22
1.33
0.82
0.31
0.18
0.16
0.56
0.25
-0.11
-0.93
-0.30
0.57
1.20
0.57
0.61
0.60
1.06
-1.19
0.79
0.68
0.44
0.72
0.86
0.10
0.83
1.51
0.23
1.599
1.603
8.702
1.602
1.609
1.619
8.768
1.607
1.609
1.591
8.824
1.583
1.581
1.573
8.762
1.565
1.567
4.68
1.60
3.10
4.61
1.67
4.84
1.69
3.62
5.09
1.82
6.79
4.75
1.65
3.56
5.04
1.73
6.87
4.75
1.73
3.55
4.91
1.74
6.82
4.75
1.79
4.14
5.28
1.73
6.76
4.75
1.72
4.01
5.21
1.75
6.74
4.75
1.73
3.8
5.16
1.75
6.59
4.75
1.70
3.49
4.93
1.75
6.47
4.75
1.68
3.01
4.65
1.73
6.37
4.75
1.62
2.52
4.26
1.74
6.26
4.75
1.63
2.32
3.87
1.75
6.17
4.75
1.58
2.25
3.94
1.75
6.09
4.35
1.23
2.32
4.05
1.34
4.25
1.19
2.23
4.03
1.24
1,194.18
1,129.68
1,144.93
1,140.21
1,100.67
1,153.79
1,112.03
1,079.27
1,014.05
903.59
912.55
867.81
854.63
909.93
Labor markets (thousands, monthly and quarterly data seasonally adjusted, unless otherwise noted)1
Civilian labor force..................................................
Labor force participation rates (percent):
Total......................................................................
Males, age 20 and over.................................
Females, age 20 and over............................
Both sexes, age 1 6-1 9 ..................................
Civilian employment................................................
Ratio, civilian employment to working-age
population (percent)............................................
141,815
142,535
142,314
141,390
142,211
142,005
142,570
142,769
142,476
142,390
142,616
143,277
143,123
142,733
142,542
66.9
74.4
60.1
50.0
135,073
66.6
73.9
59.9
47.6
134,269
66.8
74.2
60.0
48.2
134,055
66.4
73.6
59.6
47.8
133,468
66.7
73.8
60.1
47.8
134,319
66.6
73.8
59.8
48.9
133,894
66.8
74.0
60.1
47.7
133,976
66.8
74.4
59.8
47.7
134,417
66.6
74.1
59.7
47.6
134,053
66.5
73.9
59.7
47.1
134,045
66.6
73.8
59.8
47.1
134,474
66.8
74.1
60.0
48.6
135,185
66.7
73.9
60.0
47.7
134,914
66.4
73.7
59.7
47.3
134,225
66.3
73.3
59.8
46.3
133,952
63.8
62.7
63.0
62.6
63.0
62.8
62.8
62.9
62.7
62.6
62.8
63.0
62.9
62.5
62.3
Employees on nonagricultural payrolls.................
Goods-producing industries..............................
Services-producing industries..........................
Hours of production workers:
Average weekly hours, total private sector......
Average weekly hours, manufacturing.............
Average weekly overtime hours,
manufacturing.................................................
131,922
24,944
106,978
130,793
23,836
106,957
130,890
24,261
106,629
130,871
24,130
106,741
130,706
24,041
106,665
130,701
23,975
106,726
130,680
23,905
106,775
130,702
23,870
106,832
130,736
23,861
106,875
130,790
23,812
106,978
130,913
23,801
107,112
130,829
23,748
107,081
130,898
23,688
107,210
130,810
23,625
107,185
130,709
23,566
107,143
34.2
40.7
34.1
40.9
34.1
40.6
34.1
40.6
34.2
40.7
34.2
41.0
34.2
40.9
34.2
40.9
34.3
41.1
34.0
40.7
34.1
40.9
34.2
40.8
34.2
40.7
34.2
40.6
34.1
40.9
3.9
4.1
3.8
3.9
3.9
4.1
4.2
4.2
4.3
4.0
4.2
4.1
4.1
4.0
4.2
Number of persons unemployed...........................
Unemployment rates (percent):
Total......................................................................
Males, age 20 and over.................................
Females, age 20 and over............................
Both sexes, age 16-1 9 ..................................
15 weeks and over..............................................
Average weeks unemployed..................................
Median weeks unemployed...................................
6,742
8,266
8,259
7,922
7,891
8,111
8,594
8,351
8,424
8,345
8,142
8,092
8,209
8,508
8,590
4.8
4.2
4.1
14.7
1.2
13.2
6.8
5.8
5.3
5.1
16.5
2.0
16.6
9.1
5.8
5.2
5.2
16.2
1.7
14.5
8.2
5.6
5.2
4.8
16.1
1.8
14.6
8.8
5.5
5.0
5.0
15.6
1.8
15.0
8.1
5.7
5.2
5.0
16.4
1.9
15.4
8.1
6.0
5.4
5.4
16.8
2.0
16.6
8.9
5.8
5.2
5.2
16.9
2.1
17.1
9.8
5.9
5.4
5.1
17.6
2.2
17.3
11.7
5.9
5.2
5.2
17.7
2.0
16.4
8.6
5.7
5.2
4.9
17.2
2.0
16.2
8.4
5.6
5.2
4.9
15.7
2.0
17.8
9.5
5.7
5.2
5.2
14.6
2.1
17.5
9.6
6.0
5.7
5.0
16.8
2.1
17.7
9.3
6.0
5.6
5.3
16.1
2.3
18.5
9.6
Productivity and costs, nonfarm business sector,
1992=100:
Indexes:
Output per hour of all persons......................
Unit labor costs...............................................
Percent change from preceding quarter,
annual rate:
Output per h our..............................................
Unit labor costs...............................................
Real hourly compensation.............................
See footnotes at end of table.
117.5
116.3
136.6
121.8
113.4
138.2
122.3
114.0
139.5
123.8
114.0
141 2
1.1
1.6
-0.1
8.6
-5.3
1.4
1.7
2.2
0.5
5.1
-0 2
3.0
February 2003
Survey
of
D -4 3
C u r r e n t B u sin ess
Table D.1. Domestic Perspectives
2001
Dec.
2002
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Construction (monthly data seasonally adjusted at annual rates)4
New construction put in place (billions of dollars)
Private construction............................................
Residential buildings......................................
Nonresidential buildings................................
Public construction.............................................
842.2
649.5
388.0
201.6
192.7
Housing starts (thousands of units):
Total......................................................................
1-unit structures..................................................
1,603
1,273
New 1-family houses sold (thousands of units)...
908
841.8
640.8
395.2
184.4
201.0
860.2
651.5
403.3
185.6
208.7
874.3
659.4
413.5
183.2
214.9
855.2
655.3
413.8
178.5
199.9
856.9
656.7
411.8
179.6
200.2
847.1
642.2
413.5
170.5
204.9
833.7
634.6
410.8
166.7
199.1
837.8
635.7
414.0
163.7
202.1
829.8
627.1
409.3
159.8
202.8
832.2
626.5
412.2
156.5
205.7
840.5
635.6
417.3
158.9
204.9
843.2
635.3
421.1
158.7
207.9
1,705
1,360
1,583
1,294
1,713
1,344
1,788
1,472
1,675
1,298
1,566
1,261
1,742
1,380
1,692
1,344
1,652
1,319
1,631
1,249
1,808
1,452
1,660
1,375
1,747
1,404
1,835
1,473
976
979
870
937
915
932
974
947
958
1,047
1,056
1,006
1,045
1,082
Manufacturing and trade, inventories and sales (millions of dollars, monthly data seasonally adjusted)4
Inventories:
Total manufacturing and trade
Manufacturing.......................
Retail trade..........................
Merchant wholesalers........
Sales:
Total manufacturing and trade
Manufacturing......................
Retail trade..........................
Merchant wholesalers........
9,781,327
3,897,730
3,167,842
2,715,755
Inventory-sales ratio:
Total manufacturing and trade
Manufacturing......................
Retail trade..........................
Merchant wholesalers........
1,122,990
439,162
395,814
288,014
1,122,911
436,648
399,269
286,994
1,120,288
434,087
401,693
284,508
1,116,303
431,434
401,137
283,732
1,113,864
430,153
402,518
281,193
1,116,527
428,592
406,855
281,080
1,119,454
428,230
408,884
282,340
1,124,317
427,996
412,238
284,083
1,125,024
428,574
412,102
284,348
1,132,074
429.385
417,303
285.386
1,133,221
429,074
420,176
283,971
1,136,014
427,792
423,731
284,491
803,005
316,191
266,434
220,380
811,196
321,171
267,002
223,023
804,624
311,476
268,410
224,738
808,644
315,593
268,196
224,855
822,615
322,962
271,522
228,131
820,227
323,736
268,439
228,052
822,795
320,810
272,347
229,638
833,564
326,101
276,110
231,353
834,562
323,729
277,519
233,314
828,454
322,608
273,048
232,798
832,466
326,339
273,236
232,891
834,967
323,730
275,565
235,672
1.40
1.39
1.49
1.31
1.38
1.36
1.50
1.29
1.39
1.39
1.50
1.27
1.38
1.37
1.50
1.26
1.35
1.33
1.48
1.23
1.36
1.32
1.52
1.23
1.36
1.33
1.50
1.23
1.35
1.31
1.49
1.23
1.35
1.32
1.48
1.37
1.33
1.53
1.23
1.36
1.31
1.54
1.22
1.36
1.32
1.54
1.22
1.21
1idustrial prod uction indexe s and capacrty utilization ates (month I) data season ally adjusted ) 2
Industrial production indexes, 1997=100:
Total.........................................................
Final products....................................
Consumer goods..........................
Business equipment.....................
Nonindustrial supplies......................
Materials.............................................
111.2
109.0
106.5
117.3
115.3
111.8
110.5
107.2
107.6
107.4
114.7
112.3
108.3
106.3
105.7
108.6
112.3
108.8
109.0
106.6
106.2
108.8
112.4
110.0
109.2
106.8
106.7
108.1
112.8
110.2
109.6
107.2
107.4
107.8
113.3
110.7
110.1
107.2
107.5
107.7
113.9
111.6
110.4
107.1
107.3
108.0
114.6
112.2
110.8
107.5
107.8
108.0
114.8
112.6
111.6
107.9
108.5
107.3
115.5
113.8
111.3
107.6
107.8
108.1
115.4
113.6
111.2
107.4
107.9
106.9
115.8
113.4
110.7
106.7
107.1
106.2
115.4
112.9
110.8
107.1
107.7
106.0
114.9
113.0
110.6
106.6
107.1
105.5
114.7
113.2
Capacity utilization rates (percent):
Total industry..........................................
Manufacturing.........................................
77.3
75.6
75.6
73.8
74.6
73.0
75.0
73.3
75.1
73.4
75.3
73.5
75.6
73.6
75.7
73.9
75.9
74.1
76.4
74.3
76.1
74.3
76.0
74.1
75.6
73.8
75.6
73.8
75.4
73.6
Credit market rarrowing (bi ions of dolla s, quarterly ata seasona ly adjusted a 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....
M ortgages..............................
Consumer credit.....................
Sources:
1. Bureau of Labor Statistics
2. Federal Reserve Board
2,041.0
-164.4
623.8
117.6
663.5
-75.8
60.4
705.8
110.2
1,863.4
-269.2
730.9
70.3
576.6
-4.6
-25.7
703.4
81.7
2,495.1
-165.8
1,013.9
181.2
597.9
-139.0
91.5
838.8
76.4
3. Standard and Poor’s, Inc.
4. Bureau of the Census
n.e.c. Not elsewhere classified
2,148.5
59.4
691.4
152.8
143.7
-54.7
154.6
941.2
60.1
February 2003
D-44
E. C h a rts
Percent changes shown in this section are based on quarter-to-quarter changes and are expressed at seasonally
adjusted annual rates; likewise, levels of series are expressed at seasonally adjusted annual rates as appropriate.
SELECTED NIPA SERIES
Chained (1996) dollars
Apr Feb
36000
Dec Nov
Nov
Mar
J a n J Iy J ly
Nov
Jly Mar
36000
34000-
-3 4 0 0 0
32000-
32000
30000-
30000
28000-
- 28000
26000-
-2 6 0 0 0
24000-
- 24000
22000 -
-
22000
20000 -
-
20000
18000-
i— 18000
1 6 00 0 -
-1 6 0 0 0
1 4 00 0 -
-1 4 0 0 0
12000
12000
Percent
20
A
I
I
97
U.S. Bureau of Economic Analysis
r
99
February 2003
SELECTED NIPA SERIES
Survey
of
C u r r e n t B usin ess
D-45
D-46
National Data
February 2003
SELECTED NIPA SERIES
Percent Apr Feb
60
Dec Nov
Nov Mar
----- c-------SHARES OF GROSS PRIVATE DOMESTIC FIXED INVESTMENT
Jan Jly Jly
Nov
Jly Mar
60
---- -
50-
-5 0
Equipment and software, nonresidential
40-
A
-4 0
/ v —
' u . - / ----------
X
/
30-
,v
V
, "
a
\
r« >
\
X' - .
/
Residential investment
IM
/ S
-3 0
,
a
r - " " ' . . , . __________ ____
2 0 -
Structures, nonresidential
^2 0
***♦,«—•.........
10-
-1 0
59
I
I
61
I
I
63
I
U.S. Bureau of Economic Analysis
I
65
I
I
67
I
I
69
I
I
71
I
I
73
I
I
75
I
I
77
I
I
79
I
I
81
I
I
83
I
I
85
I
I
87
I
I
89
I
I
91
I
I
93
I
I
95
I
I
97
I
I
99
I
I
01
I
February 2003
Survey
of
D-47
C u r r e n t B u sin ess
SELECTED NIPA SERIES
SHARES OF NATIONAL INCOME
1959
W age and salary
accruals, 63.1%
2001
W age and salary
accruals, 61.0%
Net interest, 2.4%
Net interest, 8.0%
Corporate profits
with IVA and CCAdj, 13.0%
n
Supplem ents to
wages and salaries, 5.2%
. ..
.
Supplem ents to
Corporate profits
w ith IVA and CCAdj, 9.0%
x
Rental incom e of persons
Proprietors' income
w ith CCAdj, 1.7%
w ith IVA and CCAdj, 9.0%________________________
Proprietors' income
with IVA and CCAdj, 12.6%
SHARES O F G ROSS DO MESTIC PRODUCT BY SECTOR
S HARES OF GROSS DOMESTIC PURCHASES
Personal
consumption
expenditures, 62.5%
1959
2001
Personal
consum ption
expenditures, 67.0%
Governm ent consum ption
expenditures and gross
investment, 17.8%
G overnm ent consum ption
expenditures and gross
investment, 22.1%
Nonresidential
investment, 9.9%
U.S. Bureau of Economic Analysis
Residential investment, 5.5%
Nonresidential
investment, 10.9%
Residential investment, 4.3%
February 2003
National Data
D-48
SELECTED NIPA SERIES
Percent
A pr Feb
Dec Nov
Nov
Mar
J a n J Iy J ly
Nov
Jly Mar
SHARES O F G ROSS DO MESTIC PRODUCT BY TYPE OF
Output of services
-5 0
--------- O utput of goods
-4 0
-3 0
-2 0
Output of structures
-1 0
Dec Nov
Nov
Mar
Jly Jly
EXPORTS AS SHARE OF G ROSS DOM ESTIC PRODUCT
IMPORTS AS SHARE O F GROSS DO MESTIC PURCHASES
— 14
12
-
—
12
—
10
Exports
P e rc e n t
Dec Nov
Apr Feb
60
Ini
Nov
M ar
J a n J Iy J ly
Nov
SHARES OF PERSONAL CO NSUM PTIO N EXPENDITURES BY TYPE OF PRODUCT
Jly Mar
Services
-5 0
-4 0
Nondurable goods
-3 0
-20
Durable goods
-10
59
61
63
U.S. Bureau of Economic Analysis
65
67
69
71
73
75
77
79
81
83
85
87
89
91
93
95
97
99
01
February 2003
SELECTED NIPA SERIES
Percent
U.S. Bureau of Economic Analysis
Sur v ey
of
C u r r e n t B u sin ess
D-49
National Data
D-50
February 2003
OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent
Jan Jly Jly N ov
Ju ly M ar
Percent
Percent
Hours
U.S. Bureau of Economic Analysis
Jan Jly J ly Nov
July M ar
February 2003
Su r v e y
of
D-51
C u r r e n t B u sin ess
OTHER INDICATORS OF THE DOMESTIC ECONOMY
Percent
Percent
Millions
U.S. Bureau of Economic Analysis
Percent
Ratio
78
Thousands
80
82
84
86
88
90
92
94
96
98 2000
02
D -52
February 2003
International Data
F. T ra n s a c tio n s T ab le s
Table F.l contains estimates of U.S. international trade in goods and services that were released on January 17, 2003,
including “preliminary” estimates for November 2002 and “revised” estimates for October 2002. 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]
2001
2000
2002
2001
Oct.
Nov.
Dec.
Jan.
Feb.
March
April
May
June
July
Aug.
Sept.
Oct. ’
Nov. "
Exports of goods and services.................
1,064,239
998,022
77,549
77,905
77,477
77,528
77,332
78,391
80,550~
81,528
82,462
83,352
83,154
82,825
82,294
83,191
G oods.........................................................
Foods, feeds, and beverages..............
Industrial supplies and materials.........
Capital goods, except autom otive.......
Automotive vehicles, engines, and
p a rts....................................................
Consumer goods (nonfood), except
automotive..........................................
Other goods............................................
Adjustments1.........................................
771,994
47,871
172,615
356,934
718,762
49,407
160,104
321,714
56,360
4,149
12,611
24,373
56,007
4,168
12,464
24,294
54,991
4,104
12,445
23,511
55,014
4,232
12,296
23,661
54,656
4,289
12,244
23,310
54,978
3,901
12,291
24,129
56,848
3,891
13,117
24,118
57,329
3,993
13,314
24,277
58,249
4,258
13,325
25,139
59,105
4,305
13,236
25,266
58,278
4,038
13,382
24,978
58,265
4,020
13,331
25,189
57,368
3,872
13,132
24,608
57,967
4,277
13,640
24,541
80,356
75,435
6,285
6,269
6,009
6,018
6,200
6,244
6,689
6,762
6,660
7,092
6,833
6,695
6,620
6,341
89,377
34,765
-9,924
88,331
34,110
-10,339
7,054
2,821
-934
6,945
2,746
-878
7,126
2,674
-878
6,955
2,584
-732
6,856
2,638
-881
6,748
2,714
-1,048
7,081
2,803
-850
6,874
3,045
-936
7,106
2,636
-875
7,254
2,895
-943
7,135
2,922
-1,010
7,107
2,772
-849
7,229
2,876
-970
7,274
2,811
-917
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..............................................
292,245
82,267
20,760
30,137
39,607
104,707
279,260
73,119
18,007
28,306
38,668
108,109
21,189
4,359
1,120
2,296
3,196
9,146
21,898
5,011
1,198
2,199
3,220
9,209
22,486
5,366
1,311
2,179
3,256
9,205
22,514
5,520
1,373
2,249
3,267
9,035
22,676
5,630
1,376
2,225
3,307
9,075
23,413
5,888
1,422
2,331
3,357
9,363
23,702
5,642
1,343
2,332
3,626
9,611
24,199
5,827
1,441
2,325
3,711
9,829
24,213
5,731
1,388
2,329
3,748
9,945
24,247
5,636
1,441
2,388
3,670
10,076
24,876
6,074
1,579
2,421
3,670
10,090
24,560
5,876
1,483
2,350
3,680
10,127
24,926
6,003
1,483
2,398
3,697
10,282
25,224
6,115
1,498
2,460
3,711
10,364
13,981
12,220
1,006
997
1,105
1,005
998
987
1,082
1,000
1,005
969
975
978
997
1,011
786
831
66
64
64
65
65
65
66
66
67
67
67
66
66
65
Imports of goods and services................
1,442,920
1,356,312
108,389
107,813
104,756
107,356
110,447
110,942
116,318
118,439
119,095
118,517
121,248
119,924
117,510
123,288
Goods.........................................................
Foods, feeds, and beverages..............
Industrial supplies and materials.........
Capital goods, except autom otive.......
Automotive vehicles, engines, and
p a rts....................................................
Consumer goods (nonfood), except
automotive..........................................
Other goods............................................
Adjustments1.........................................
1,224,417
45,979
298,980
347,025
1,145,927
46,641
273,870
297,993
91,394
3,966
21,021
22,838
90,102
3,983
19,637
22,771
86,525
3,821
18,258
22,464
88,481
3,870
18,934
22,859
91,009
4,029
18,993
23,066
91,583
3,975
19,936
23,413
96,998
4,075
22,781
23,836
99,027
4,144
23,065
24,086
98,868
4,132
22,532
24,181
98,143
4,243
22,803
23,981
100,615
4,206
23,776
23,790
99,564
4,139
23,449
23,565
96,923
3,992
24,491
22,220
102,291
4,393
24,070
24,343
195,875
189,782
15,555
15,823
15,507
15,275
16,351
15,984
17,007
17,651
17,223
17,233
17,585
17,686
16,778
17,501
281,832
48,331
6,395
284,293
48,421
4,928
23,765
4,036
213
23,620
4,062
206
22,222
4,085
169
23,244
4,064
235
24,414
3,928
229
23,672
4,328
274
25,007
3,971
320
25,620
4,141
321
26,145
4,376
280
25,570
4,038
275
26,887
4,092
278
26,260
4,170
296
25,014
4,119
309
27,758
3,938
288
Services......................................................
Travel.......................................................
Passenger fa re s....................................
Other transportation..............................
Royalties and license fees....................
Other private services..........................
Direct defense expenditures2 .............
U.S. Government miscellaneous
services..............................................
218,503
64,788
24,306
41,598
16,115
55,253
13,560
210,385
60,117
22,418
38,823
16,359
54,588
15,198
16,995
3,846
1,365
3,007
1,367
5,759
1,416
17,711
4,411
1,488
2,945
1,367
5,807
1,458
18,231
4,691
1,598
3,045
1,376
5,805
1,479
18,875
4,751
1,685
3,017
1,391
6,311
1,475
19,438
4,789
1,689
2,928
1,953
6,337
1,494
19,359
5,047
1,739
2,913
1,420
6,473
1,519
19,320
4,703
1,671
3,266
1,511
6,366
1,560
19,412
4,706
1,606
3,271
1,568
6,431
1,589
20,227
5,045
1,751
3,202
1,872
6,499
1,617
20,374
5,003
1,791
3,271
1,723
6,693
1,651
20,633
5,095
1,839
3,257
1,760
6,769
1,671
20,360
4,897
1,722
3,181
1,781
6,855
1,683
20,587
4,900
1,801
3,285
1,789
6,883
1,688
20,997
5,079
1,805
3,452
1,799
6,916
1,706
2,883
2,882
235
235
237
245
248
248
243
241
241
242
242
241
241
240
-452,423
73,742
-378,681
-427,165
68,875
-358,290
-35,034
4,194
-30,840
-34,095
4,187
-29,908
-31,534
4,255
-27,279
-33,467
3,639
-29,828
-36,353
3,238
-33,115
-36,604
4,054
-32,550
-40,149
4,382
-35,767
-41,698
4,787
-36,911
-40,619
3,986
-36,633
-39,037
3,873
-35,164
-42,337
4,243
-38,094
-41,299
4,200
-37,099
-39,555
4,339
-35,216
-44,324
4,227
-40,097
Memoranda:
Balance on goods......................................
Balance on services..................................
Balance on goods and services..............
p Preliminary.
' Revised.
1. Reflects adjustments necessary to bring the Census Bureau’s component data in line with the concepts and definitions used to prepare BEA’s international and national accounts.
2. Contains goods that cannot be separately identified.
Source: U.S. Bureau of Economic Analysis and U.S. Bureau of the Census.
February 2003
Survey
D -53
C u r r e n t B u sin ess
of
Table F.2. U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
Line
(Credits +; debits - ) 1
Current account
1 Exports of goods and services and income receipts..............
2
Exports of goods and services.................................................
3
Goods, balance of payments basis2 ....................................
2001
1,281,793
998,022
718,762
Seasonally adjusted
2001
2002
2002
2001
1
II
III
IV
I
II'
III'’
I
II
III
IV
I
IIr
III"
347,304
263,736
192,909
332,942
258,016
187,647
306,844
239,744
167,292
294,703
236,526
170,914
289,712
231,262
163,810
306,297
245,458
175,254
309,507
246,063
169,268
349,040
266,004
193,284
331,612
256,766
184,846
309,477
242,325
173,274
291,867
232,930
167,358
291,348
233,252
164,649
305,262
244,540
172,426
312,881
249,409
175,727
4
Services3...............................................................................
5
Transfers under U.S. military agency sales contracts4 ....
6
Travel.................................................................................
7
Passenger fares................................................................
8
Other transportation..........................................................
9
Royalties and license fees5...............................................
10
Other private services5.....................................................
11
U.S. Government miscellaneous services........................
12
Income receipts..........................................................................
13
Income receipts on U.S.-owned assets abroad....................
14
Direct investment receipts................................................
15
Other private receipts.......................................................
16
U.S. Government receipts................................................
17
Compensation of employees................................................
18 Imports of goods and services and income payments...........
279,260
70,827
72,452
65,612
70,204
72,114
73,682
70,369
67,452
76,795
72,720
71,920
69,051
65,572
68,603
12,220
2,806
3,227
3,087
3,079
3,108
2,990
3,087
2,922
2,806
3,227
2,922
3,079
3,108
2,990
73,119
18,299
20,276
20,628
17,622
20,221
17,200
17,586
13,916
15,056
20,735
19,803
17,845
14,736
17,038
18,007
4,639
5,100
4,171
4,788
3,480
3,842
4,120
5,083
5,007
4,849
4,522
4,172
4,503
3,629
28,306
7,163
7,168
7,308
6,667
6,523
6,983
7,482
7,495
7,170
6,968
6,674
6,986
7,159
6,805
9,534
38,668
9,428
9,314
10,392
10,727
9,717
9,672
11,020
9,651
10,796
9,743
9,537
9,931
11,085
108,109
28,270
25,175
26,809
27,855
29,195
27,397
30,160
26,738
26,927
27,559
30,292
26,886
27,473
29,385
214
194
831
222
201
195
199
200
222
201
214
194
195
199
200
283,771
83,568
74,926
67,100
58,177
58,450
60,839
63,444
83,036
74,846
67,152
58,737
60,722
63,472
58,096
281,389
82,976
74,333
66,503
57,577
57,839
62,826
82,444
60,225
74,253
66,555
58,137
57,485
60,108
62,854
125,996
35,713
33,217
30,084
26,982
28,946
31,132
33,665
35,270
33,078
30,211
27,436
28,679
30,958
33,763
151,832
46,281
40,398
35,494
29,659
27,994
28,486
28,231
46,281
40,398
35,494
29,659
27,994
28,486
28,231
3,561
982
718
607
925
936
899
930
893
777
850
1,042
664
812
860
2,382
592
597
593
600
611
614
618
592
593
597
600
611
614
618
-1,625,701 -433,352 -419,632 -394,713 -378,004 -373,988 -420,224 -435,249 -445,154 -418,930 -388,448 -373,174 -387,786 -419,862 -426,701
19
Imports of goods and services...................................................
-1,356,312 -351,464 -350,111
20
21
22
23
24
25
26
27
28
29
30
Goods, balance of payments basis2 .....................................
Services3...............................................................................
Direct defense expenditures..............................................
Travel.................................................................................
Passenger fares................................................................
Other transportation..........................................................
Royalties and license fees5..............................................
Other private sen/ices5.....................................................
U.S. Government miscellaneous services........................
Income payments..................................................................
Income payments on foreign-owned assets in the United
States............................................................................
Direct investment payments
Other private payments
U.S. Government payments
Compensation of employees
Unilateral current transfers, net
U.S. Government grants4......
U.S. Government pensions and other transfers........................
Private remittances and other transfers6 ..................................
Capital and financial account
31
32
33
34
35
36
37
38
-328,351
-326,386 -315,033 -353,557 -368,828 -363,164 -350,090 -322,103 -320,958 -328,744 -353,853 -360,270
-1,145,927 -298,773 -290,463 -281,518 -275,173 -261,179 -292,767 -303,642 -306,316 -292,565 -279,025 -268,021 -271,073 -294,893 -298,903
-210,385 -52,691
-59,648 -46,833 -51,213 -53,854 -60,790 -65,186 -56,848 -57,525 -43,078 -52,937 -57,671 -58,960 -61,367
-15,198
-3,548
-3,512
-3,785
-4,353
-4,488
-4,766
-5,005
-3,548
-3,512
-4,766
-3,785
-4,353
-4,488
-5,005
-60,117 -13,545 -18,466 -17,253 -10,853 -12,389 -16,036 -17,888 -16,003 -16,698 -14,468 -12,948 -14,587 -14,454 -14,995
-22,418
-5,237
-6,763
-6,571
-3,847
-4,609
-5,522
-5,978
-5,810
-6,213
-5,944
-4,451
-5,113
-5,028
-5,352
-38,823 -10,064 -10,057
-9,608
-9,094
-8,457
-9,623 -10,141 -10,521 -10,130
-9,178
-8,997
-9,709
-8,858
-9,739
-16,359
-3,990
-3,939
-4,474
-3,956
-4,653
-4,835
-5,051
-4,097
-4,038
-4,764
-4,951
-5,264
-4,113
-4,110
-54,588 -15,584 -16,185
-4,934 -17,885 -18,517 -19,283 -20,398 -16,146 -16,208
-4,864 -17,371 -19,120 -19,297 -20,317
-2,882
-723
-726
-726
-707
-741
-725
-725
-707
-723
-726
-726
-741
-725
-725
-269,389 -81,888 -69,521
-66,362 -51,618 -58,955 -66,667 -66,421
-81,990 -68,840 -66,345 -52,216 -59,042 -66,009 -66,431
-260,850
-23,401
-156,784
-80,665
-8,539
-49,463
-11,628
-5,798
-32,037
-79,875
-13,015
-45,512
-21,348
-2,013
-11,827
-2,419
-1,167
-8,241
-67,503
-6,022
-40,886
-20,595
-2,018
-11,250
-2,522
-934
-7,794
-64,174
-6,267
-38,156
-19,751
-2,188
-12,157
-2,905
-1,027
-8,225
-49,298
1,903
-32,230
-18,971
-2,320
-14,229
-3,782
-2,670
-7,777
-56,822
-6,629
-31,679
-18,514
-2,133
-16,381
-6,273
-1,330
-8,778
-64,504
-12,930
-32,943
-18,631
-2,163
-12,305
-3,312
-1,005
-7,988
-64,177
-14,890
-31,114
-18,173
-2,244
-12,854
-3,147
-932
-8,775
-79,881
-13,021
-45,512
-21,348
-2,109
-11,608
-2,419
-1,316
-7,873
-66,727
-5,246
-40,886
-20,595
-2,113
-11,916
-2,522
-1,291
-8,103
-64,210
-6,303
-38,156
-19,751
-2,135
-12,360
-2,905
-1,305
-8,150
-50,035
1,166
-32,230
-18,971
-2,181
-13,579
-3,782
-1,886
-7,911
-56,803
-6,610
-31,679
-18,514
-2,239
-16,016
-6,273
-1,348
-8,395
-63,737
-12,163
-32,943
-18,631
-2,272
-13,011
-3,312
-1,356
-8,343
-64,229
-14,942
-31,114
-18,173
-2,202
-13,221
-3,147
-1,368
-8,706
826
208
207
206
205
208
200
223
208
207
206
205
208
200
223
-370,962 -218,586
190
-4,911
-81,594
-1,343
23,140
-3,559
-93,922
-199
21,240 -215,815
-1,416
190
-80,036
-1,343
-25,918 -131,079
390
-1,843
23,920
-1,416
-189
574
-195
77
-1,094
1,071
-156
-1,015
-172
-783
-1,330
573
-145
-3,242
-172
77
-1,011
1,118
-140
83
-142
143
-996
1,111
-107
-1,607
-129
42
-565
566
-132
-1,136
-148
172
-897
1,190
72
100
-365,565 -218,853
-127,840 -26,285
-94,662 -26,895
-26
-79,468
-36,689
-51,764
-30
26,622
-43,562
10,087
28
-93,866
-21,304
-26,090
-8
41
-26,441 -129,278
-29,280 -34,255
2,047
-9,675
-121
25,164
-27,463
18,295
-14,358 -51,759
-128,705 -113,914
9,670
-685
-9,479
69,576
37,210
-83,682
65
727
Capital account
39 Capital account transactions, net..............................................
Financial account
40 U.S.-owned assets abroad, net (increase/financial outflow (-))
41
U.S. official reserve assets, net.................................................
42
Gold7.....................................................................................
43
Special drawing rights..........................................................
44
Reserve position in the International Monetary Fund...........
Foreign currencies.................................................................
45
46
U.S. Government assets, other than official reserve assets, net
47
U.S. credits and other long-term assets...............................
48
Repayments on U.S. credits and other long-term assets8 ..
49
U.S. foreign currency holdings and U.S. short-term assets,
net......................................................................................
50
U.S. private assets, net
Direct investment...
51
52
Foreign securities.,
53
U.S. claims on unaffiliated foreigners reported by U.S.
nonbanking concerns........................................................
54
U.S. claims reported by U.S. banks, not included elsewhere
55 Foreign-owned assets in the United States, net (increase/
financial inflow (+))..................................................................
56
Foreign official assets in the United States, net........................
57
U.S. Government securities
58
U.S. Treasury securities3..................................................
59
Other10.............................................................................
60
Other U.S. Government liabilities11.......................................
U.S. liabilities reported by U.S. banks, not included
61
elsewhere..........................................................................
62
Other foreign official assets12................................................
63
Other foreign assets in the United States, net..........................
64
Direct investment..................................................................
65
U.S. Treasury securities........................................................
66
U.S. securities other than U.S. Treasury securities...............
67
U.S. currency.........................................................................
68
U.S. liabilities to unaffiliated foreigners reported by U.S.
nonbanking concerns.......................................................
69
U.S. liabilities reported by U.S. banks, not included
elsewhere..........................................................................
70 Statistical discrepancy (sum of above Items with sign
reversed)...................................................................................
O f which: Seasonal adjustment discrepancy............................
70a
Memoranda:
71 Balance on goods (lines 3 and 20)................................................
72 Balance on services (lines 4 and 2 1)............................................
73 Balance on goods and services (lines 2 and 19)..........................
74 Balance on income (lines 12 and 29)............................................
75 Unilateral current transfers, net (line 35).......................................
76 Balance on current account (lines 1,18, and 35 or lines 73,74,
and 75)13....................................................................................
-630
-3,600
-681
-486
-4,431
3,873
-109
652
-153
133
-853
994
-107
-1,607
-129
42
-565
566
-189
574
-195
77
-1,094
1,071
-156
-1,015
-172
-783
-1,330
573
-121
100
22,484 -216,082
-30,143 -23,514
18,295 -26,895
-26
-77,910
-35,131
-51,764
-16,693
-68,655
-12,087 -51,759
46,419 -113,914
9,670
-685
-9,479
69,576
37,210
-83,682
65
727
-16,693
-68,655
-12,087
46,419
41
-8
-28,644 -130,955
-31,483 -35,932
2,047
-9,675
-132
-1,136
-148
172
-897
1,190
24,978 -100,088
-3,559
-199
-145
-3,242
-172
77
-1,011
1,118
-140
83
-142
143
-996
1,111
-30
28
28,460 -100,032
-41,724 -27,470
10,087 -26,090
-109
652
-153
133
-853
994
752,806
5,224
31,665
10,745
20,920
-1,882
303,125
4,087
2,547
-1,027
3,574
-676
182,749
-20,831
-10,866
-20,798
9,932
-791
18,136
16,882
15,594
15,810
-216
89
248,796
5,086
24,390
16,760
7,630
-504
113,921
7,641
6,714
-582
7,296
-790
205,861
47,252
21,741
15,193
6,548
54
148,682
9,319
12,309
1,424
10,885
999
302,510
4,087
2,547
-1,027
3,574
-676
181,610
-20,831
-10,866
-20,798
9,932
-791
17,889
16,882
15,594
15,810
-216
89
250,797
5,086
24,390
16,760
7,630
-504
113,496
7,641
6,714
-582
7,296
-790
204,307
47,252
21,741
15,193
6,548
54
148,510
9,319
12,309
1,424
10,885
999
-30,278
5,719
747,582
130,796
-7,670
407,653
23,783
1,213
1,003
299,038
44,204
-4,744
129,990
2,311
-10,202
1,028
203,580
52,241
-14,685
113,556
2,772
-782
1,981
1,254
14,455
-15,470
64,787
8,203
-20,507
1,707
243,710
19,896
27,229
99,320
10,497
991
726
106,280
16,648
-7,282
71,095
4,525
24,531
926
158,609
-1,150
-5,124
104,404
7,183
-4,824
835
139,363
11,209
54,691
46,647
2,556
1,213
1,003
298,423
43,589
-4,744
129,990
2,311
-10,202
1,028
202,441
51,102
-14,685
113,556
2,772
-782
1,981
1,007
14,208
-15,470
64,787
8,203
-20,507
1,707
245,711
21,897
27,229
99,320
10,497
991
726
105,855
16,223
-7,282
71,095
4,525
24,531
926
157,055
-2,704
-5,124
104,404
7,183
-4,824
835
139,191
11,037
54,691
46,647
2,556
82,353
111,644
-5,307
-25,154
1,170
32,345
21,056
15,961
111,644
-5,307
-25,154
1,170
32,345
21,056
15,961
110,667
15,633
55,003
-45,567
85,598
-11,051
32,240
8,299
15,633
55,003
-45,567
85,598
-11,051
32,240
8,299
10,701
13,128
-3,422
58,544
-57,549
14,649
52,927
-31,549
20,819
7,691
-2,547
875
48,258
-10,286
-55,828
1,721
24,668
10,019
54,183
1,256
-45,612
-14,063
-427,165 -105,864 -102,816 -114,226 -104,259
10,721
14,399
68,875
18,136
25,619
-358,290 -87,728 -92,095 -88,607 -89,860
14,382
1,680
5,405
738
6,559
-49,463 -11,827 -11,250 -12,157 -14,229
-393,371
-97,875
-97,940 -100,026
"Preliminary.
'Revised.
See footnotes on page D-57.
Source: Table 1 in “U.S. International Transactions, Third Quarter 2002” in the January 2003 issue of the S u r v e y o f C u r r e n t
-28,121 -132,756
390
-1,843
-97,369 -117,513 -134,374 -113,032 -107,719 -105,751 -100,663 -106,424 -122,467 -123,176
13,154
13,598
9,414
11,609
15,872
14,395
25,973
12,635
10,932
12,315
-83,771 -108,099 -122,765 -97,160 -93,324 -79,778 -88,028 -95,492 -109,313 -110,861
-505
-5,828
-2,977
1,046
6,006
807
-946
-5,287
-2,959
6,521
-16,381
-12,305 -12,854 -11,608 -11,916 -12,360 -13,579 -16,016 -13,011
-13,221
-97,530 -100,657 -126,232 -138,596 -107,722
B u s in e s s .
-99,234
-91,331
-95,086 -112,454 -127,611
-127,041
D -54
International D ata
February 2003
Table F.3. U.S. International Transactions, by Area
[M illio n s o f d o llars ]
Line
Western Europe
European U nion14
United Kingdom
2002
2002
2002
(Credits +; debits - ) 1
I
II r
1
III"
III"
IIr
I
European Union (6)15
2002
III"
II'
I
II'
III'’
Current account
1 Exports of goods and services and income receipts.........................
2
Exports of goods and services....................................................................
3
Goods, balance of payments b asis2......................................................
4
Services3 ...................................................................................................
Transfers under U.S. military agency sales contracts4...................
5
6
Travel......................................................................................................
7
Passenger fares...................................................................................
8
Other transportation............................................................................
9
Royalties and license fe e s5 ................................................................
10
Other private services5 .......................................................................
U.S. Government miscellaneous services.........................................
11
12
Income receipts.............................................................................................
13
Income receipts on U.S.-owned assets abroad....................................
14
Direct investment receipts...................................................................
15
Other private receipts..........................................................................
1fi
U.S. Government receipts...................................................................
17
Compensation of employees...................................................................
18 imports of goods and services and income payments......................
19
Imports of goods and services....................................................................
20
Goods, balance of payments basis2......................................................
21
Services3 ...................................................................................................
22
Direct defense expenditures...............................................................
Travel......................................................................................................
23
24
Passenger fares...................................................................................
Other transportation.............................................................................
25
Royalties and license fe e s5 ................................................................
26
27
Other private services5 .......................................................................
28
U.S. Government miscellaneous services........................................
29
Income payments..........................................................................................
30
Income payments on foreign-owned assets in the United States.......
Direct investment payments................................................................
31
32
Other private payments.......................................................................
33
U.S. Government payments...............................................................
34
Compensation of employees...................................................................
35 Unilateral current transfers, net..........................................................
3fi
U.S. Government g rants4.............................................................................
37
U.S. Government pensions and other transfers.......................................
38
Private remittances and other transfers6 ..................................................
87,531
91,183
91,809
78,477
81,104
82,111
22,578
23,554
24,474
41,948
43,868
44,150
62,432
39,414
23,018
677
4,179
1,140
2,070
4,529
10,389
34
25,099
25,058
12,132
12,662
264
41
64,448
38,636
25,812
838
5,328
1,344
2,225
5,234
10,808
35
26,735
26,694
13,469
13,049
176
41
64,058
35,945
28,113
795
6,243
1,733
2,436
5,161
11,710
35
27,751
27,708
14,453
12,991
264
43
56,916
36,165
20,751
567
3,770
1,109
1,793
4,150
9,332
30
21,561
21,523
9,697
11,607
219
38
58,262
35,127
23,135
511
4,842
1,305
1,935
4,709
9,802
31
22,842
22,804
10,862
11,787
155
38
58,056
32,979
25,077
485
5,703
1,678
2,139
4,559
10,482
31
24,055
24,015
11,922
11,885
208
40
14,702
8,265
6,437
92
1,583
483
413
821
3,041
4
7,876
7,856
2,454
5,402
15,966
8,317
7,649
62
2,120
583
456
1,188
3,236
4
7,588
7,568
2,094
5,474
16,088
7,775
8,313
58
2,485
762
503
1,192
3,309
4
8,386
8,365
2,617
5,748
20
20
21
31,497
21,905
9,592
284
1,517
511
931
1,871
4,458
20
10,451
10,438
5,534
4,752
152
13
31,918
21,541
10,377
188
1,890
584
1,012
1,956
4,725
22
11,950
11,937
6,914
4,879
144
13
31,903
20,470
11,433
178
2,300
757
1,099
2,029
5,048
22
12,247
12,233
7,327
4,762
144
14
-106,813
-120,970
-122,577
-95,682
-107,207
-109,569
-31,993
-36,227
-34,962
-47,091
-51,945
-55,346
-76,608
-55,245
-21,363
-2,184
-3,526
-2,283
-2,745
-2,038
-8,300
-287
-30,205
-30,040
-5,784
-19,177
-5,079
-165
-87,927
-62,395
-25,532
-2,271
-6,245
-3,187
-3,159
-2,186
-8,182
-302
-33,043
-32,891
-8,490
-19,462
-4,939
-152
-89,062
-62,075
-26,987
-2,367
-6,522
-3,350
-3,361
-2,314
-8,768
-305
-33,515
-33,366
-10,330
-18,406
-4,630
-149
-69,563
-51,173
-18,390
-1,795
-3,290
-2,016
-2,256
-1,535
-7,254
-244
-26,119
-25,978
-3,754
-17,684
-4,540
-141
-78,930
-56,706
-22,224
-1,860
-5,695
-2,884
-2,627
-1,748
-7,151
-259
-28,277
-28,143
-6,076
-17,679
-4,388
-134
-80,309
-56,888
-23,421
-1,987
-5,812
-3,031
-2,801
-1,839
-7,689
-262
-29,260
-29,127
-8,330
-16,697
-4,100
-133
-15,500
-9,132
-6,368
-156
-1,196
-771
-520
-367
-3,340
-1 8
-16,493
-16,457
-2,181
-12,361
-1,915
-36
-17,760
-10,611
-7,149
-184
-1,532
-938
-600
-367
-3,508
-2 0
-18,467
-18,433
-4,103
-12,305
-2,025
-34
-17,953
-10,334
-7,619
-190
-1,808
-1,027
-648
-344
-3,581
-21
-17,009
-16,975
-3,356
-11,564
-2,055
-34
-40,271
-30,581
-9,690
-1,506
-1,627
-859
-1,116
-934
-3,452
-196
-6,820
-6,727
-655
-4,340
-1,732
-93
-45,116
-33,451
-11,665
-1,548
-3,119
-1,381
-1,330
-1,150
-2,928
-209
-6,829
-6,739
-870
-4,353
-1,516
-90
-45,911
-34,098
-11,813
-1,667
-2,713
-1,315
-1,405
-1,266
-3,236
-211
-9,435
-9,346
-3,918
-4,138
-1,290
-89
-561
-327
-419
-100
34
-22
320
372
365
-193
-131
-169
-209
-393
41
-175
-369
217
-182
-373
136
-3
-331
234
-331
365
-3
-340
321
-5 8
378
-5 8
430
-55
420
-179
-1 4
-179
48
-193
24
Capital account
Capital account transactions, net.......................................................
36
37
38
33
34
35
8
8
8
20
21
21
Financial account
40 U.S.-owned assets abroad, net (increase/financial outflow (-))..........
-57,727
-57,624
16,835
-21,808
-52,116
6,572
-8,151
-31,750
-8,798
-10,460
-21,909
13,957
-152
-129
-148
-152
-129
-97
-99
-84
-2
-152
260
-129
142
-152
155
-129
69
-2
115
27
-57,637
-23,059
-12,323
155
-21,811
-6,693
4,710
40
29
-52,056
-20,261
-12,717
-97
17
-123
154
-1 4
6,652
-16,520
9,506
-84
2
259
1
-57,835
-8,857
6,244
-148
-53
-298
276
-31
17,036
-18,747
9,217
-28,544
-26,678
7,369
-29,624
26,566
-24,884
5,056
8,582
-27,660
13,666
80,524
30,557
56,426
21,010
63
3,838
1,987
(1 8 )
(17)
(17)
(,7)
43,684
(18)
(18
n
n
n
n
n(1 8 )
-91
(17)
(17l
26,719
-8,239
(17)
45,579
(17
(1?)
477
(17)
(17l
54,439
4,063
(,7)
11,775
27,838
(17)
5,052
(17)
-2,990
57,144
-15,831
1,655
-14,176
-5,106
-561
-19,843
-23,759
280
-23,479
-6,308
-327
-30,114
Capital and financial account
39
41
47
43
44
45
4fi
47
48
49
50
51
52
5H
54
G old7..........................................................................................................
Special drawing rights..............................................................................
Foreign currencies....................................................................................
U.S. Government assets, other than official reserve assets, net............
U.S. credits and other long-term assets................................................
Repayments on U.S. credits and other long-term assets8 .................
U.S. foreign currency holdings and U.S. short-term assets, net.........
U.S. private assets, net
Direct investment....
Foreign securities....
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns..............
U.S. claims reported by U.S. banks, not included elsewhere.............
Foreign owned assets In the United States, net (increase/financial
inflow (+))..........................................................................................
55
56
57
58
59
60
61
62
63
64
65
66
67
Foreign official assets in the United States, n e t.......................................
U.S. Government securities....................................................................
U.S. Treasury securities9.....................................................................
O th er10...................................................................................................
Other U.S. Government liabilities11.......................................................
U.S. liabilities reported by U.S. banks, not included elsewhere..........
Other foreign official assets12.................................................................
Other foreign assets in the United States, net...........................................
Direct investment.......................................................................................
U.S. Treasury securities...........................................................................
U.S. securities other than U.S. Treasury securities..............................
U.S. currency.............................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns................................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere..........
BH
69
70 Statistical discrepancy (sum of above items with sign reversed)......
-5 4
(17)
n
80,461
20,918
(17)
41,440
-4 9
46,036
(1 8 )
16
-1 4
-9 9
1
-8,151
-1,316
1,534
16
-31,766
-6,993
-13,967
-1 4
-8,784
-5,058
6,201
-10,362
-4,010
1,344
2
-21,827
-9,374
925
13,959
-9,210
1,841
-18,616
10,247
6,393
-17,199
-9,927
-5 115
-2,581
-1,020
-12,358
21,328
329
(18)
(18
49,530
34,834
11,737
-11,798
4,952
(1 8 )
(1 8 )
(18 )
(18)
(1 8 )
(18
H
n
(1 8 )
(18
1
(18
(18
( 18
(18)
146
(18)
486
(18)
(1 8 )
H
H
(18
(18
-9
27
(1 8 )
(1 8 )
(1 8 )
(1 8 )
(1S )
n
(18)
H
(18 )
8,084
(18i
(18)
(,8)
-4,875
<18)
35,944
18
n
<18)
(18
n
(18
H
40
(18)
-7 5
(18)
(18i
(1 8 )
(1 8 )
-2,027
9,377
(18)
(18)
15,966
(18)
8,022
4,165
-1,683
(18)
563
18 6,008
63
(1S)
64
(1 8 )
M
(1 8 )
(18 )
22,327
37,911
-6,450
f 8)
42,378
10,022
3,109
(18)
26,040
(17)
19,499
18-58,678
9,605
18-1,995
1827,444
12,640
18—41,451
7,870
1810,564
1817,656
7 983
18—20,159
1 346
18- 1 5,345
-42,112
18,070
34,467
-25,163
16,909
-5,487
-15,921
4,039
41,894
-7,565
-26,130
1,126
-25,004
-5,764
-419
-31,187
-15,008
2,361
-12,647
-4,558
-100
-17,305
-21,579
911
-20,668
-5,435
34
-26,069
-23,909
1,656
-22,253
-5,205
-2 2
-27,480
-867
69
-798
-8,617
320
-9,095
-2,294
500
-1,794
-10,879
372
-12,301
-2,559
694
-1,865
-8,623
365
-10,123
-8,676
-9 8
-8,774
3,631
-19 3
-5,336
-11,910
-1,288
-13,198
5,121
-131
-8,208
-13,628
-380
-14,008
2,812
-169
-11,365
(1 8 )
(1 8 )
(1 8 )
(1 8 )
7,761
(1 8 )
(1 8 )
Memoranda:
71
72
73
74
75
76
Balance on goods (lines 3 and 20)..................................................................
Balance on services (lines 4 and 2 1 )..............................................................
Balance on goods and services (lines 2 and 1 9 )..........................................
Balance on income (lines 12 and 2 9)..............................................................
Unilateral current transfers, net (line 3 5 )........................................................
Balance on current account (lines 1,18, and 35 or lines 73,74, and 7 5 )13
See footnotes on page D-57.
February 2003
Sur v ey
of
D -55
C u r r e n t B u s in e ss
Table F.3. U.S. International Transactions, by Area—Continued
[Millions of dollars]
Line
(Credits +; debits - ) 1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
3fi
37
38
Current account
Exports of goods and services and income receipts............................
Exports of goods and services....................................................................
Goods, balance of payments b asis2......................................................
S ervices3 ..................................................................................................
Transfers under U.S. military agency sales contracts4...................
Travel......................................................................................................
Passenger fa re s...................................................................................
Other transportation............................................................................
Royalties and license fe e s5 ...............................................................
Other private services5 .......................................................................
U.S. Government miscellaneous services........................................
Income receipts.............................................................................................
Income receipts on U.S.-owned assets abroad....................................
Direct investment receipts...................................................................
Other private receipts..........................................................................
U.S. Government receipts...................................................................
Compensation of employees...................................................................
Imports of goods and services and income payments.........................
Imports of goods and services....................................................................
Goods, balance of payments b asis2......................................................
Services3 ..................................................................................................
Direct defense expenditures...............................................................
Travel......................................................................................................
Passenger fares...................................................................................
Other transportation............................................................................
Royalties and license fe e s5 ...............................................................
Other private services5 .......................................................................
U.S. Government miscellaneous services........................................
Income payments..........................................................................................
Income payments on foreign-owned assets in the United States.......
Direct investment payments...............................................................
Other private payments
U.S. Government payments...............................................................
Compensation of employees
Unilateral current transfers, net
U.S. Government grants4.............................................................................
U.S. Government pensions and other transfers.......................................
Private remittances and other transfers6 ..................................................
Capital and financial account
Eastern Europe
Canada
Latin America and Other
Western Hemisphere
Japan
2002
2002
2002
2002
1
llr
I
III'’
3,541
2,656
1,519
1,137
111
245
16
56
92
609
8
885
880
367
375
138
5
-3,573
-3,029
-2,561
-468
-41
-161
-56
-51
-2 6
-118
-1 5
-544
-519
-65
-117
-337
-25
-880
-362
-13
-505
3,477
2,728
1,641
1,087
147
309
13
58
99
450
11
749
744
367
368
9
5
-5,185
-4,505
-3,804
-701
-52
-323
-111
-57
-12
-132
-14
-680
-660
-171
-127
-362
-20
-987
-512
-14
-461
3,652
2,716
1,580
1,136
91
335
13
61
99
526
11
936
931
432
365
134
5
-5,716
-4,960
-4,082
-878
-5 0
-476
-114
-64
-1 2
-148
-1 4
-756
-738
-216
-130
-392
-18
-960
-442
-11
-507
6
6
134
II'
1
III"
48,535
44,463
38,329
6,134
23
1,663
422
512
567
2,927
20
4,072
4,051
1,906
2,145
53,186
48,936
42,839
6,097
23
1,823
375
589
672
2,593
22
4,250
4,230
2,125
2,105
49,585
44,969
38,890
6,079
22
1,603
384
578
680
2,790
22
4,616
4,595
2,532
2,063
21
-55,761
-55,004
-51,195
-3,809
-18
-969
-122
-849
-254
-1,552
-4 5
-757
-657
591
-915
-333
-100
-220
20
-61,486
-60,182
-55,374
-4,808
-1 8
-1,612
-180
-959
-336
-1,659
-4 4
-1,304
-1,208
75
-966
-317
-9 6
-177
21
-60,037
-58,742
-52,676
-6,066
-18
-2,710
-214
-962
-353
-1,765
-4 4
-1,295
-1,200
20
-965
-255
-95
-224
-133
-87
-134
-43
6
26
595
-708
-8,452
45
-6
51
-21
-40
19
5
-6 7
72
89
224
465
616
-692
358
-713
-476
-548
-8,452
-7,532
332
35
-635
82
868
311
1,324
12,285
(18)
(18
7,570
(18)
(18
( 18)
(18
61
(18)
(18|
( 1S)
(18
62
(18)
II'
III »
1
IIr
II) p
62,323
50,892
37,695
13,197
114
4,804
1,264
752
905
5,316
42
11,431
11,397
4,073
7,216
108
34
-76,005
-64,272
-51,663
-12,609
-92
-4,273
-604
-731
-602
-6,179
-128
-11,733
-10,031
-245
-7,439
-2,347
-1,702
-4,212
-472
-181
-3,559
63,548
52,151
37,697
14,454
159
5,541
1,538
818
859
5,497
42
11,397
11,363
4,207
7,084
72
34
-78,372
-66,936
-53,955
-12,981
-80
-4,295
-710
-733
-616
-6,421
-126
-11,436
-9,623
-48
-7,163
-2,412
-1,813
-4,422
-528
-172
-3,722
22,297
19,868
12,186
7,682
111
2,173
655
759
1,759
2,200
25
2,429
2,427
1,728
698
1
2
-37,939
-33,052
-28,593
-4,459
-368
-560
-201
-1,110
-1,264
-907
-4 9
-4,887
-4,863
1,353
-1,609
-4,607
-24
-122
22,202
19,940
12,334
7,606
211
2,023
640
802
1,823
2,085
22
2,262
2,259
1,602
657
23,985
21,601
12,962
8,639
199
2,532
865
834
1,835
2,352
22
2,384
2,382
1,729
653
3
-43,380
-34,659
-29,922
-4,737
-365
-676
-250
-1,258
-1,142
-1,016
-3 0
-8,721
-8,701
-1,933
-2,173
-4,595
-20
-56
-147
-77
57,860
46,938
34,669
12,269
122
4,292
1,160
705
810
5,138
42
10,922
10,888
3,755
7,062
71
34
-69,542
-57,794
-46,035
-11,759
-60
-4,286
-625
-655
-241
-5,759
-133
-11,748
-10,173
-780
-7,273
-2,120
-1,575
-4,342
-518
-205
-3,619
-32
-90
-33
-23
2
-44,053
-35,414
-30,291
-5,123
-365
-694
-234
-1,334
-1,412
-1,054
-30
-8,639
-8,621
-2,234
-1,727
-4,660
-18
-95
-13
-25
-57
26
43
102
105
94
6
7
7
-3,280
-697
55,087
-54,951
32,862
-2,767
-1
-3,964
-5,881
131
-94
255
-30
32,731
-1,847
-1,474
-7
7
-697
-2,381
1,367
44
-106
142
8
-54,995
-1,467
-2,492
-1
1
-3,280
-3,610
3,860
43
-99
149
-7
55,044
-2,471
-1,774
1
-2,767
-1,625
-3,036
-7
-3,957
-1,570
-370
7
-5,888
-1,101
2,992
1,167
-2,419
2,067
-5,597
317
29,508
29,781
-24,846
-26,190
813
35,239
-400
2,294
-1,944
-7 3
-7,779
4,797
867
(17)
W
637
-3,197
(17)
(17)
-432
-872
( 17)
( ,7)
-1,898
(18)
(18
74,576
23,799
( 18)
(18
H
-1,187
(18)
39,186
-1
16
10
8
(17)
H
(17)
H
3,930
-2,462
3,834
541
Capital account
39 Capital account transactions, net...............................................................
Financial account
40 U.S.-owned assets abroad, net (increase/financial outflow (-))...........
41
U.S. official reserve assets, n et..................................................................
4?
G old 7..........................................................................................................
43
Special drawing rights.............................................................................
44
Reserve position in the International Monetary Fund.........................
4^
Foreign currencies....................................................................................
4fi
U.S. Government assets, other than official reserve assets, net............
47
U.S. credits and other long-term assets................................................
4R
49
50
U.S. private assets, n e t................................................................................
51
Direct investment......................................................................................
Foreign securities.....................................................................................
52
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
SH
concerns................................................................................................
54
U.S. claims reported by U.S. banks, not included elsewhere.............
Foreign owned assets in the United States, net (increase/financial
55
inflow {+))......................................................................................................
56
Foreign official assets in the United States, n e t.......................................
57
U.S. Government securities....................................................................
U.S. Treasury securities9....................................................................
58
O th er10..................................................................................................
59
Other U.S. Government liabilities11.......................................................
60
U.S. liabilities reported by U.S. banks, not included elsewhere..........
61
Other foreign official assets12.................................................................
62
Other foreign assets in the United States, net...........................................
63
64
Direct investment......................................................................................
U.S. Treasury securities..........................................................................
65
U.S. securities other than U.S. Treasury securities.............................
66
67
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
68
U.S.
liabilities reported by U.S. banks, not included elsewhere..........
69
70 Statistical discrepancy (sum of above items with sign reversed).......
Memoranda:
71 Balance on goods (lines 3 and 20)..................................................................
72 Balance on services (lines 4 and 2 1).............................................................
73 Balance on goods and services (lines 2 and 19)..........................................
74 Balance on income (lines 12 and 29).............................................................
75 Unilateral current transfers, net (line 3 5 )........................................................
76 Balance on current account (lines 1,18, and 35 or lines 73,74, and 7 5 )13
See footnotes on page D-57.
H
(18
n
H
31
(18)
(18)
(18)
285
(18)
-178
4,985
n
-393
2,374
(18)
-596
123
181,063
-552
206
18 7,426
-10,191
-1,042
669
-373
341
-880
-912
-2,163
386
-1,777
69
-987
-2,695
(18)
H
(18)
M
(18)
n(18)
33,949
(18)
(18
(18)
(18)
n
(I"
10
-50
(17)
(18)
(18)
(18j
440
281
(.8)
-6,218
(18)
25,228
(18)
n
(18)
235
( 18)
4,223
-5,541
<18)
-3,671
(18)
3,820
(18)
22,699
1,881
n
16,629
(18)
(18)
(18)
(18
-121
(18)
(18)
(«)
( 1S)
n
-122
(18)
(18)
(1S)
50
(18)
(18)
(1S)
6,889
2,749
891
(18)
1,598
(18)
14,882
18 5,730
-3,844
92
(17)
11,075
3,564
(17)
11,094
( 17)
11,762
2,603
18—20,989
-37,267
10,153
1845,403
-1,836
18,944
18447
-37,509
1,269
186,877
19,712
-946
1813,735
-13,995
1815,389
-7,912
-2,502
258
-2,244
180
-960
-3,024
-12,866
2,325
-10,541
3,315
-220
-7,446
-12,535
1,289
-11,246
2,946
-177
-8,477
-13,786
13
-13,773
3,321
-224
-10,676
-11,366
510
-10,856
-826
-4,342
-16,024
-13,968
588
-13,380
-302
-4,212
-17,894
-16,258
1,473
-14,785
-3 9
-4,422
-19,246
-16,407
3,223
-13,184
-2,458
-122
-15,764
-17,588
2,869
-14,719
-6,459
-56
-21,234
-17,329
3,516
-13,813
-6,255
-95
-20,163
(17)
(17)
(,7)
D -56
International D ata
February 2003
Table F.3. U.S. International Transactions, by Area—Continued
[Millions of dollars]
Australia
Line
(Credits+; d e b its -)1
2002
I
Current account
Exports of goods and services and income receipts..................................................................
Exports of goods and services.........................................................................................................
Goods, balance of payments b asis2..........................................................................................
Services3 ......................................................................................................................................
Transfers under U.S. military agency sales contracts4.......................................................
1
2
3
4
S
6
7
Passenger fares........................................................................................................................
Other transportation..................................................................................................................
8
9
Royalties and license fe e s5 ...................................................................................................
Other private services5 ...........................................................................................................
10
11
U.S. Government miscellaneous services..............................................................................
12
Income receipts..................................................................................................................................
13
Income receipts on U.S.-owned assets abroad.........................................................................
14
Direct investment receipts........................................................................................................
15
Other private receipts....
16
U.S. Government receipts
17
Compensation of employees
18 Imports of goods and services and income payments..............................................................
19
Imports of goods and services.........................................................................................................
?n
Goods, balance of payments basis2..........................................................................................
21
Services3 ......................................................................................................................................
??
Direct defense expenditures
?3
Travel................................
?4
Passenger fares.............
Other transportation.......
25
26
Royalties and license fe e s5 ....................................................................................................
27
Other private services5 ...........................................................................................................
?8
U.S. Government miscellaneous services..............................................................................
29
Income payments...............................................................................................................................
30
Income payments on foreign-owned assets in the United States............................................
31
Direct investment payments.....................................................................................................
32
Other private payments............................................................................................................
33
U.S. Government payments.....................................................................................................
34
Compensation of employees........................................................................................................
35 Unilateral current transfers, net........................................................................................................
36
U.S. Government grants4.................................................................................................................
37
U.S. Government pensions and other transfers............................................................................
38
Private remittances and other transfers6 ......................................................................................
Capital and financial account
International organizations and
unallocated16
Other countries in Asia and Africa
2002
IIr
III"
I
2002
IIr
III"
I
56,348
49,517
34,863
14,654
1,904
2,211
355
2,243
1,199
6,678
64
6,831
6,809
4,528
1,965
328
22
59,915
52,561
38,881
13,680
1,686
2,994
409
2,366
1,294
4,867
64
7,354
7,332
5,085
2,041
62,396
54,396
38,826
15,570
1,601
3,611
458
2,562
1,321
5,952
65
8,000
7,978
5,621
2,029
8,305
1,404
8,272
1,462
8,415
1,465
1,404
1,462
1,465
119
513
772
121
570
771
118
567
780
22
22
6,901
6,416
3,951
2,356
109
485
6,810
6,322
3,881
2,333
108
488
6,950
6,460
3,994
2,334
132
490
-106,304
-98,718
-87,939
-10,779
-1,939
-2,620
-1,066
-3,071
-69
-1,817
-197
-7,586
-7,418
-23
-1,803
-5,592
-168
-4,758
-1,904
-131
-2,723
-117,562
-110,172
-98,807
-11,365
-2,100
-2,634
-1,170
-3,296
-69
-1,900
-196
-7,390
-7,244
-165
-1,732
-5,347
-146
-5,033
-1,738
-133
-3,162
-4,154
-1,109
-3,918
-871
-3,686
-684
-1,109
-871
-684
-273
-752
-83
-1
-334
-464
-7 3
-342
-250
-9 2
-3,045
-3,045
-1,906
-769
-370
-3,047
-3,047
-1,820
-850
-377
-3,002
-3,002
-1,791
-850
-361
-1,810
-169
-413
-1,228
-1,710
-249
-130
-1,331
-1,616
-244
-5 8
-1,314
-3,812
543
-4,170
-1,714
-16,247
-1,268
-109
652
-107
-1,607
-132
-1,136
5,295
5,739
6,117
3,984
2,830
1,154
42
293
94
59
182
482
2
1,311
1,310
579
731
1
4,491
3,228
1,263
68
341
75
70
199
507
3
1,248
1,247
530
717
316
1
4,707
3,368
1,339
55
356
92
75
205
553
3
1,410
1,409
697
712
206
1
-2,369
-2,254
-2,976
-2,423
-3,246
-2,858
-1,386
-868
-2 4
-353
-199
-5 7
-20
-206
-9
-115
-109
104
-116
-97
-6
-7 7
-1,670
-753
-29
-287
-124
-54
-24
-225
-10
-553
-548
-323
-123
-102
-5
-78
-1,756
-1,102
-25
-557
-186
-49
-25
-250
-10
-388
-383
-126
-141
-116
-5
-85
-13
-64
-13
-65
-13
-72
-93,837
-86,183
-76,164
-10,019
-1,793
-2,534
-1,123
-2,717
-58
-1,592
-202
-7,654
-7,416
-142
-1,703
-5,571
-238
-8,369
-5,015
-128
-3,226
1
1
1
31
18
34
-2,330
-2,125
1,691
-8,254
-7,237
-6,615
III"
IIr
Capital account
39 Capital account transactions, net.....................................................................................................
Financial account
40 U.S.-owned assets abroad, net (increase/financial outflow (-))................................................
41
U.S. official reserve assets, net........................................................................................................
4?
G old7..............................................................................................................................................
43
44
Reserve position in the International Monetary Fund..............................................................
4Fi
Foreign currencies..........................................................................................................................
46
U.S. Government assets, other than official reserve assets, net.................................................
47
U.S. credits and other long-term assets.....................................................................................
48
Repayments on U.S. credits and other long-term assets8 .....................................................
49
U.S. foreign currency holdings and U.S. short-term assets, net..............................................
50
U.S. private assets, n e t.....................................................................................................................
Direct investment............................................................................................................................
51
52
Foreign securities..........................................................................................................................
53
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns......................
54
U.S. claims reported by U.S. banks, not included elsewhere..................................................
55 Foreign owned assets in the United States, net (increase/financial inflow (+ ))....................
56
Foreign official assets in the United States, n e t.............................................................................
57
U.S. Government securities.........................................................................................................
58
U.S. Treasury securities9.........................................................................................................
59
O ther10.......................................................................................................................................
an
Other U.S. Government liabilities11...........................................................................................
61
U.S. liabilities reported by U.S. banks, not included elsewhere...............................................
6?
Other foreign official assets12.....................................................................................................
63
Other foreign assets in the United States, net................................................................................
64
Direct investment............................................................................................................................
65
U.S. Treasury securities................................................................................................................
66
U.S. securities other than U.S. Treasury securities...................................................................
67
U.S. currency..................................................................................................................................
68
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns...................
69
U.S. liabilities reported by U.S. banks, not included elsewhere...............................................
70 Statistical discrepancy (sum of above items with sign reversed)............................................
Memoranda:
71 Balance on goods (lines 3 and 20).......................................................................................................
72 Balance on services (lines 4 and 2 1 )..................................................................................................
73 Balance on goods and services (lines 2 and 1 9 )...............................................................................
74 Balance on income (lines 12 and 29)..................................................................................................
75 Unilateral current transfers, net (line 3 5 ).............................................................................................
76 Balance on current account (lines 1,18, and 35 or lines 73,74, and 7 5 )13..................................
-2,330
-2,473
-202
-827
1,172
-2,125
-264
-395
-527
-939
1,691
918
907
5,481
( 18)
3,944
( 18)
5,069
(18)
H
88
-444
535
-3
-8,342
-5,210
-385
-874
-1,873
21,864
( 18 )
(18)
(1 S )
(1 8 )
(1 8
18
M
35
(1 8 )
M
(1 8 )
(1 8
H
( 181
4
(« )
H
( 18)
2,180
(1 8
-251
-251
-4,051
-3,539
403
-2,194
-3,693
110
-9,821
22,000
( 18)
-915
3,016
13
1,389
14,749
-14,728
-3,904
356
-12,900
1,720
301
5
(1 8
9,518
7,911
2,405
1819,259
28,439
-49,058
2,901
-46,157
-232
-4,758
-51,147
( 18
(id)
-497
631
18 241
18 956
-6,001
-4,505
-9,547
268
1813,276
32,217
1,444
286
1,730
1,196
-7 7
2,849
1,558
510
2,068
695
-78
2,685
1,612
237
1,849
1,022
-85
2,786
-41,301
4,635
-36,666
-823
-8,369
-45,858
C u r r e n t B u s in e s s .
-262
-262
(1 8 )
-701
(18)
(1 8)
122
18 2,412
' Revised.
See footnotes on page D-57.
Source: Table 10 in “U.S. International Transactions, Third Quarter 2002" in the January 2003 issue of the S u r v e y o f
-304
-304
(1 8 )
16
H
888
(1 8 )
333
-187
587
-67
-6,948
-2,605
5,478
H
H
429
(18)
( 1S
n
778
( ia)
9,931
n
-35
n
4,132
760
( 18 )
2,152
p Preliminary.
-134
146
-157
290
13
-7,383
-1,577
1,577
1,106
-8,489
29,927
(18)
H
(18
(1 8 )
176
( 18 )
(1 8
(1 8 )
176
5
13
3,003
1,587
1810,862
44,780
63
4 525
30
18-3,202
-1,545
14,749
1,605
( 1S)
-257
7183
-9
18 6,227
-13,223
-338
2 556
2 983
18 -£71
12,833
-5 9 981
4,205
-55,776
610
-5,033
-60,199
295
295
3,856
-1,810
2,341
591
591
3,763
-1,710
2,644
781
781
3,948
-1,616
3,113
(1 8 )
296
1,632
(1 8 )
February 2003
Su r v e y
of
D -57
C u r r e n t B u sin ess
Table F.4. Private Services Transactions
[M illions of dollars]
Not seasonally adjusted
Line
2001
2001
I
1 Exports of private services................................
2
Travel (table 1, line 6 ) ........................................
Passenger fares (table 1, line 7).......................
3
4
Other transportation (table 1, line 8 ) ...............
Freight.............................................................
5
Port services..................................................
6
II
Seasonally adjusted
2002
III
IV
I
II'
2002
2001
III/’
I
II
III
IV
IIr
I
III'’
266,209
73,119
18,007
28,306
11,930
16,376
67,799
18,299
4,639
7,163
3,047
4,116
66,941
20,276
4,788
7,168
3,000
4,168
69,159
20,628
5,100
7,308
2,925
4,383
62,310
13,916
3,480
6,667
2,958
3,709
64,267
15,056
3,842
6,523
2,884
3,639
66,916
17,622
4,120
6,983
3,001
3,982
73,673
20,221
5,083
7,482
3,101
4,381
69,692
20,735
5,007
7,495
3,094
4,401
68,492
19,803
4,849
7,170
2,990
4,180
65,758
17,845
4,522
6,968
2,937
4,031
62,270
14,736
3,629
6,674
2,910
3,764
65,418
17,038
4,171
6,805
2,931
3,874
68,828
17,200
4,172
6,986
2,993
3,993
70,560
17,586
4,503
7,159
3,113
4,046
7
8
9
10
11
12
13
Royalties and license fees (table 1, line 9 )......
Affiliated..........................................................
U.S. parents’ receipts................................
U.S. affiliates’ receipts..............................
Unaffiliated......................................................
Industrial processes1................................
O th er2.........................................................
38,668
25,873
23,502
2,371
12,795
4,852
7,943
9,428
6,192
5,688
504
3,236
1,209
2,027
9,534
6,342
5,868
474
3,192
1,208
1,984
9,314
6,138
5,669
469
3,176
1,214
1,962
10,392
7,201
6,277
924
3,191
1,221
1,970
9,651
6,399
6,020
379
3,252
1,242
2,009
10,796
7,458
6,572
886
3,338
1,270
2,068
10,727
7,292
6,373
919
3,435
1,300
2,136
9,717
6,481
5,908
573
3,236
1,209
2,027
9,743
6,551
5,968
583
3,192
1,208
1,984
9,537
6,361
5,827
534
3,176
1,214
1,962
9,672
6,481
5,799
682
3,191
1,221
1,970
9,931
6,679
6,258
421
3,252
1,242
2,009
11,085
7,747
6,680
1,067
3,338
1,270
2,068
11,020
7,585
6,557
1,028
3,435
1,300
2,136
14
15
16
17
18
19
20
21
22
23
24
25
Other private services (table 1, line 1 0 )..........
Affiliated services...........................................
U.S. parents’ receipts................................
U.S. affiliates’ receipts..............................
Unaffiliated services......................................
Education...................................................
Financial services.....................................
Insurance, n e t...........................................
Premiums received...............................
Losses paid............................................
Telecommunications..................................
Business, professional, and technical
services..................................................
Other unaffiliated services3.....................
108,109
36,243
21,237
15,006
71,866
11,493
15,209
18
8,658
8,640
4,796
28,270
8,657
5,028
3,629
19,613
4,549
4,043
129
2,122
1,993
1,209
25,175
8,637
5,263
3,374
16,538
1,433
3,940
-1 3
2,137
2,150
1,201
26,809
8,713
5,154
3,559
18,096
3,104
3,531
-1 8
2,224
2,242
1,194
27,855
10,236
5,792
4,444
17,619
2,407
3,695
-7 9
2,175
2,254
1,192
29,195
8,508
4,841
3,667
20,687
4,996
3,770
91
2,204
2,113
1,277
27,397
9,695
5,420
4,275
17,702
1,571
3,832
128
2,304
2,176
1,351
30,160
10,400
5,551
4,849
19,760
3,445
3,626
352
2,324
1,972
1,426
26,738
8,824
5,208
3,616
17,914
2,760
4,047
129
2,122
1,993
1,209
26,927
8,969
5,288
3,681
17,958
2,831
3,935
-1 3
2,137
2,150
1,201
26,886
9,043
5,360
3,683
17,843
2,922
3,535
-1 8
2,224
2,242
1,194
27,559
9,408
5,381
4,027
18,151
2,980
3,692
-79
2,175
2,254
1,192
27,473
8,638
5,011
3,627
18,835
3,052
3,767
91
2,204
2,113
1,277
29,385
10,109
5,442
4,667
19,276
3,123
3,821
128
2,304
2,176
1,351
30,292
10,784
5,770
5,014
19,508
3,260
3,633
352
2,324
1,972
1,426
25,720
14,630
6,144
3,539
6,352
3,625
6,566
3,718
6,658
3,747
6,817
3,736
6,940
3,880
6,864
4,047
6,144
3,625
6,352
3,652
6,566
3,643
6,658
3,709
6,817
3,831
6,940
3,913
6,864
3,974
27 Imports of private services................................
26
192,305
48,420
55,410
42,322
46,153
48,625
55,299
59,456
52,577
53,287
38,567
47,877
52,442
53,469
55,637
28
29
30
31
32
Travel (table 1, line 2 3 )......................................
Passenger fares (table 1, line 24).....................
Other transportation (table 1, line 2 5 ).............
Freight.............................................................
Port services..................................................
60,117
22,418
38,823
25,667
13,156
13,545
5,237
10,064
6,756
3,308
18,466
6,763
10,057
6,626
3,431
17,253
6,571
9,608
6,191
3,417
10,853
3,847
9,094
6,094
3,000
12,389
4,609
8,457
5,585
2,872
16,036
5,522
9,623
6,421
3,202
17,888
5,978
10,141
6,801
3,340
16,003
5,810
10,521
7,094
3,427
16,698
6,213
10,130
6,681
3,449
14,468
5,944
9,178
5,878
3,300
12,948
4,451
8,997
6,015
2,982
14,587
5,113
8,858
5,881
2,977
14,454
5,028
9,739
6,521
3,218
14,995
5,352
9,709
6,479
3,230
33
34
35
36
37
38
39
Royalties and license fees (table 1, line 26)....
Affiliated..........................................................
U.S. parents’ payments............................
U.S. affiliates’ payments...........................
Unaffiliated......................................................
Industrial processes1................................
O th er2.........................................................
16,359
13,008
2,026
10,982
3,351
1,815
1,536
3,990
3,190
497
2,693
800
439
361
3,939
3,112
494
2,618
827
448
379
3,956
3,105
517
2,588
851
458
393
4,474
3,601
518
3,083
873
470
403
4,653
3,240
507
2,733
1,413
483
931
4,835
3,685
589
3,096
1,150
497
654
5,051
4,106
633
3,473
945
510
434
4,097
3,297
497
2,800
800
439
361
4,038
3,211
494
2,717
827
448
379
4,113
3,262
517
2,745
851
458
393
4,110
3,237
518
2,719
873
470
403
4,764
3,351
507
2,844
1,413
483
931
4,951
3,801
589
3,212
1,150
497
654
5,264
4,319
633
3,686
945
510
434
40
41
42
43
44
45
46
47
48
49
50
51
Other private services (table 1, line 2 7 ) ..........
Affiliated services...........................................
U.S. parents’ payments............................
U.S. affiliates’ payments...........................
Unaffiliated services
Education.........
Financial services
Insurance, n e t..
Premiums paid
Losses recovered
Telecommunications
Business, professional, and technical
services..................................................
Other unaffiliated services3.....................
54,588
28,410
13,467
14,943
26,178
2,378
4,016
4,906
39,895
34,989
4,298
15,584
6,492
3,183
3,309
9,092
449
1,146
3,818
9,068
5,250
1,185
16,185
6,934
3,341
3,593
9,251
591
1,084
3,859
9,542
5,684
1,111
4,934
7,178
3,311
3,867
-2,244
777
882
-7,640
10,130
17,770
1,038
17,885
7,806
3,632
4,174
10,079
561
904
4,869
11,155
6,286
965
18,517
7,056
2,977
4,079
11,461
499
974
6,177
12,510
6,333
950
19,283
6,964
3,551
3,413
12,319
657
1,012
6,738
13,142
6,403
978
20,398
7,524
3,824
3,700
12,874
863
817
7,178
13,581
6,403
1,017
16,146
6,935
3,417
3,518
9,211
568
1,146
3,818
9,068
5,250
1,185
16,208
6,958
3,372
3,586
9,250
590
1,084
3,859
9,542
5,684
1,111
4,864
7,273
3,384
3,889
-2,409
612
882
-7,640
10,130
17,770
1,038
17,371
7,244
3,294
3,950
10,127
608
904
4,869
11,155
6,286
965
19,120
7,529
3,194
4,335
11,591
630
974
6,177
12,510
6,333
950
19,297
6,983
3,590
3,393
12,314
652
1,012
6,738
13,142
6,403
978
20,317
7,629
3,910
3,719
12,688
677
817
7,178
13,581
6,403
1,017
10,040
540
2,367
127
2,474
132
2,562
138
2,638
143
2,714
147
2,783
150
2,845
154
2,367
127
2,474
132
2,562
138
2,638
143
2,714
147
2,783
150
2,845
154
52
Memoranda:
53 Balance on goods (table 1, line 71)...................... -427,165 -105,864 -102,816
73,904
54 Balance on private services (line 1 minus line 27)
19,379
11,531
55 Balance on goods and private services (lines 53
and 5 4 )................................................................ -353,261
-86,485
-91,285
-114,226 -104,259
26,837
16,157
-87,389
-88,102
f Preliminary.
' Revised.
1. Includes royalties, license fees, and other fees associated with the use of intangible assets, including patents, trade
secrets, and other proprietary rights, that are used in connection with the production of goods.
2. Includes royalties, license fees, and other fees associated with the use of copyrights, trademarks, franchises, rights to
broadcast live events, software licensing fees, and other intangible property rights.
-97,369 -117,513 -134,374 -113,032 -107,719 -105,751
14,217
27,191
15,642
11,619
17,115
15,205
-81,727
-105,894
-120,157
-95,917
-92,514
-78,560
-100,663 -106,424 -122,467 -123,176
14,923
14,393
12,976
15,359
-86,270
-93,448
-107,108
C u r r e n t B u s in e s s .
Footnotes to Tables F.2. and F.3.
Footnotes to Tables F.2 and F.3:
1. Credits, +: Exports of goods and services and income receipts; unilateral current transfers to the
United States; capital account transactions receipts; financial inflows— increase in foreign-owned assets
(U.S. liabilities) or decrease in U.S.-owned assets (U.S. claims).
Debits,-: Imports of goods and services and income payments; unilateral current transfers to foreigners;
capital accounts transactions payments; financial outflows— decrease in foreign-owned assets (U.S. lia
bilities) or increase in U.S.-owned assets (U.S. claims).
2. Excludes exports of goods under U.S. military agency sales contracts Identified in Census export doc
uments, excludes imports of goods under direct defense expenditures identified in Census import docu
ments, and reflects various other adjustments (for valuation, coverage, and timing) of Census statistics to
balance of payments basis; see table 2.
3. Includes some goods: Mainly military equipment in line 5; major equipment, other materials, supplies,
and petroleum products purchased abroad by U.S. military agencies in line 22; and fuels purchased by air
line and steamship operators in lines 8 and 25.
4. Includes transfers of goods and services under U.S. military grant programs.
5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to
exclude U.S. parents' payments to foreign affiliates and to include U.S. affiliates’ receipts from foreign par
ents. The definition of imports is revised to include U.S. parents' payments to foreign affiliates and to ex
clude U.S. affiliates' receipts from foreign parents.
6. Beginning in 1982, the “other transfers” component includes taxes paid by U.S. private residents to
foreign governments and taxes paid by private nonresidents to the U.S. Government.
7. At the present time, all U.S. Treasury-owned gold is held in the United States.
8. Includes sales of foreign obligations to foreigners.
9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and non
convertible bonds and notes.
10. Consists of U.S. Treasury and Export-lmport 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
-108,253
3. Other unaffiliated services receipts (exports) include mainly expenditures of foreign governments and international
organizations in the United States and film and television tape rentals. Payments (imports) include mainly expenditures of
U.S. residents temporarily working abroad and film and television tape rentals.
Source: Table 3 in “U.S. International Transactions, Third Quarter 2002" in the January 2003 issue of the S u r v e y o f
other transactions arranged with or through foreign official agencies; see table 4.
12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and
State and local governments.
13. Conceptually, line 76 is equal to “net foreign investment” in the national income and product ac
counts (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 fur
nished without payment by financial pension plans except life insurance carriers and private noninsured
pension plans. A reconciliation of the balance on goods and services from the international accounts and
the NIPA net exports appears in reconciliation table 2 in appendix A in this issue of the S ur vey of C urrent
B u s in e s s . 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 in the August issue of the S ur vey .
Additional footnotes to Table F.3:
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 Demo
cratic 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 petro
leum trading. Also includes taxes withheld; current-cost adjustments associated with U.S. and foreign di
rect investment; before 1996, small transactions in business services that are not reported by country;
and net U.S. currency flows, for which geographic source data are not available.
17. Details are not shown separately; see totals in lines 56 and 63.
18. Details not shown separately are included in line 69.
-58
February 2003
G . In v e s tm e n t T ab les
Table G.1. International Investment Position of the United States at Yearend, 2000 and 2001
[Millions of dollars]
Changes in position in 2001 (decrease i
Attributable to:
Valuation adjustm ents
Line
Type of investm ent
Position,
2000r
Financial
flow s
(a)
Position,
2001 p
Total
Price
changes
Exchange
rate
ch a ng e s1
Other
changes2
(b)
(c)
(d)
(a+b+c+d)
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).
-1,350,791
-1,583,153
-381,845
-381,845
-116,510
-215,482
-103,402
-145,572
4,414
16,935
-597,343
-725,964
-1,948,134
-2,309,117
U.S.-owned assets abroad:
With direct investment positions at current cost (lines 5+10+15)....
With direct investment positions at market value (lines 5+10+16)...
6,191,934
7,350,862
370.962
370.962
-258,272
-715,843
-124,662
-163,854
16,177
20,816
4,205
-487,919
6,196,139
6,862,943
U.S. official reserve assets....................................................................
Gold......................................................................
Special drawing rights.......................................
Reserve position in the International Monetary Fund...................
Foreign currencies..............................................
128,400
71,799
10,539
14,824
31,238
4,911
536
3 536
-3,879
1,561
529
244
3,045
-2,257
129,961
72,328
10,783
17,869
28,981
U.S. Government assets, other than official reserve assets.............
U.S. credits and other long-term assets5
Repayable in d ollars..........................
Other6..............................................................................................
U.S. foreign currency holdings and U.S. short-term assets.........
85,164
82,570
82,289
281
2,594
486
558
561
-3
-72
486
558
561
-3
-72
85,650
83,128
82,850
278
2,522
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)..
5,978,370
7,137,298
365.565
365.565
-258,808
-716,379
-120,783
-159,975
16,184
20,823
2,158
-489,966
5,980,528
6,647,332
1,515,279
2,674,207
2,389,427
557,019
1,832,408
821,564
1,252,100
127.840
127.840
94,662
-12,147
106,809
14,358
128,705
19,533
-438,038
-278,341
18,214
-296,555
-17,713
-56,905
-95,228
-17,304
-77,924
-5,811
-2,031
-21,817
-17,178
38,001
107,843
-384,281
-278,907
-11,237
-267,670
8,547
164,675
1,623,122
2,289,926
2,110,520
545,782
1,564,738
830,111
1,416,775
7,542,725
8,934,015
752.807
752.807
-141,762
-500,361
-21,260
-18,282
11,763
3,881
601,548
238,045
8,144,273
9,172,060
Foreign official assets in the United States.......................................
U.S. Government securities....
U.S. Treasury securities.......
O ther.............................................................................................
Other U.S. Government liabilities7
U.S. liabilities reported by U.S. banks, not included elsewhere.
Other foreign official assets............................................................
1,008,890
749,904
625,161
124,743
13,739
153,403
91,844
5,225
31,666
10,745
20,921
-1,882
-30,278
5,719
1,623
11,274
8,796
2,478
6,000
-1
12,848
48,940
25,542
23,398
-1,882
-30,278
-3,932
1,021,738
798,844
650,703
148,141
11,857
123,125
87,912
Other foreign assets:
With direct investment at current cost (lines 35+37+38+41+42+43)...
With direct investment at market value (lines 36+37+38+41+42+43)..
6,533,835
7,925,125
747.582
747.582
-143,385
-501,984
-21,260
-18,282
5,763
-2,119
588,700
225,197
7,122,535
8,150,322
1,374,752
2,766,042
400,966
2,623,628
1,075,988
1,547,640
251,786
729,340
1,153,363
130.796
130.796
-7,670
407,653
288,200
119,453
23,783
82,353
110,667
14,214
-344,385
4,719
-162,318
40,741
-203,059
-2,978
-17,860
-25,742
-9,241
124,172
-239,331
-12,192
233,026
316,632
-83,606
23,783
75,077
144,834
1,498,924
2,526,711
388,774
2,856,654
1,392,620
1,464,034
275,569
804,417
1,298,197
Direct investment abroad:
At current cost.......................................................................................................
At market value......................................................................................................
Foreign securities
Bonds......................................................................................................................
Corporate stocks...................................................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.
U.S. claims reported by U.S. banks, not included elsewhere..............................
Foreign-owned assets in the United States:
With direct investment at current cost (lines 26+33)...
With direct investment at market value (lines 26+34).
Direct investment in the United States:
At current cost..........................................................................................................
At market value..................................
U.S. Treasury securities........................
U.S. securities other than U.S. Treasury securities..................................................
Corporate and other bonds..............
Corporate stocks...............................
U.S. currency..........................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns..
U.S. liabilities reported by U.S. banks, not included elsewhere.............................
p Preliminary.
r Revised.
1. Represents gains or losses on foreign-currency-denominated assets due to their revaluation at current
exchange rates.
2. Includes changes in coverage, statistical discrepancies, and other adjustments to the value of assets.
3. Reflects changes in the value of the official gold stock due to fluctuations in the market price of gold.
4. Reflects changes in gold stock from U.S. Treasury sales of gold medallions and commemorative and bullion
coins; also reflects replenishment through open market purchases. These demonetizations/monetizations are not
included in international transactions financial flows.
630
3,600
681
-386
-555
-2,938
6,000
6,001
-9,651
-12,309
-12,309
-2,140
-3,833
-5,136
38,000
5. Also includes paid-in capital subscriptions to international financial institutions and resources provided to
foreigners under foreign assistance programs requiring repayment over several years. 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.
Source: Table 1 in “The International Investment Position of the United States at Yearend 2001” in the July
2002 issue of the S u rvey of C urrent B u s in e s s .
February 2003
Su r v e y
of
D -59
C u r r e n t B u sin ess
Table G.2. U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 1999-2001
[Millions of dollars]
D irect investm ent position on a
historical-cost basis
1999
All countries, all industries............................................................
1,173,122
2000
1,293,431
2001
1,381,674
Capital outflow s (inflow s (- ))
1999
2000
174,576
Income
2001
164,969
1999
113,977
2001
2000
112,359
135,109
111,089
By country
Canada.....................................................................................................
111,747
128,814
139,031
18,122
18,950
14,440
12,103
14,688
11,773
Europe......................................................................................................
Of whictr.
France .............................................................................................
Germany..........................................................................................
Netherlands....................................................................................
Switzerland....................................................................................
United Kingdom ............................................................................
611,958
679,457
725,793
99,224
92,427
56,133
57,704
66,523
55,667
39,960
48,445
110,321
44,499
228,574
38,752
50,963
117,557
55,854
241,663
38,457
61,437
131,884
62,897
249,201
512
4,268
8,253
8,407
47,839
2,011
3,099
2,953
9,959
35,763
655
11,360
16,058
6,629
13,231
1,386
4,621
12,598
7,098
14,915
2,404
4,588
11,858
7,025
20,655
1,920
2,690
13,417
7,576
12,051
Latin America and Other Western Hemisphere..................................
Of whicfr.
Bermuda..........................................................................................
B razil...............................................................................................
M exico............................................................................................
Panama...........................................................................................
237,748
251,863
269,556
34,277
23,442
26,510
19,636
18,703
18,718
51,613
37,383
32,888
33,143
56,594
39,033
37,332
29,316
61,929
36,317
52,168
25,296
7,786
3,484
5,978
2,259
6,532
3,091
5,302
1,231
5,865
-1 7
15,078
753
4,373
1,511
4,448
2,365
6,036
1,579
4,371
501
5,045
756
4,409
452
2,063
Africa........................................................................................................
13,621
14,417
15,872
498
1,151
798
1,876
2,675
Middle East.............................................................................................
10,712
11,087
12,643
5
1,635
1,269
1,180
2,254
1,314
Asia and Pacific......................................................................................
Of whictr.
Australia..........................................................................................
Japan ..............................................................................................
184,313
205,317
216,501
21,890
27,333
15,012
19,927
29,983
21,153
34,743
56,393
35,364
59,441
34,041
64,103
3,244
9,449
2,421
6,279
-423
5,474
2,472
4,749
3,586
7,805
1,690
5,683
International............................................................................................
3,024
2,476
2,278
560
31
-184
-6 8
282
402
By industry
Petroleum................................................................................................
90,493
95,834
102,074
9,481
10,594
12,668
10,174
18,667
13,866
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 m anufacturing..................
306,156
34,225
81,656
18,328
35,337
36,996
36,045
63,569
353,550
35,933
100,872
18,773
41,199
49,065
40,052
67,656
376,259
35,496
108,663
21,488
52,392
48,391
39,142
70,687
34,939
1,359
7,346
1,088
6,393
3,940
6,687
8,126
58,049
2,913
16,462
633
7,305
16,156
7,159
7,420
36,381
1,692
10,800
2,895
12,039
905
578
7,473
33,213
3,821
9,250
1,381
4,445
3,679
4,416
6,220
38,965
3,868
9,882
1,631
6,652
5,683
3,613
7,637
28,806
4,029
10,355
1,211
4,940
2,768
612
4,890
Wholesale trade......................................................................................
74,215
83,724
92,836
6,413
12,434
9,289
10,837
12,524
12,093
Depository institutions..........................................................................
38,365
38,071
49,319
533
-2,221
9,925
856
1,826
2,520
Finance, (except depository institutions), insurance,
and real estate....................................................................................
498,468
542,641
572,545
86,419
54,147
34,983
45,906
52,938
46,135
Services..................................................................................................
72,054
80,144
86,491
14,473
10,785
7,513
8,050
8,912
6,817
Other industries......................................................................................
93,371
99,469
102,150
22,318
21,182
3,217
3,323
1,277
854
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.
N ote .
The data in this table are from tables 16 and 17 in “U.S. Direct Investment Abroad: Detail for Historical-Cost
Position and Related Capital and Income Flows, 2001” in the September 2002 issue of the S urvey of C urrent
B u s in e s s .
D -6 0
International D ata
February 2003
Table G.3. Selected Financial and Operating Data for Nonbank Foreign Affiliates of U.S. Companies by Country and by Industry of Affiliate, 2000
All nonbank affiliates
M ajority-ow ned nonbank foreign affiliates (MOFA’s)
M illions of dollars
All countries, all industries.........
Total
assets
Sales
5,260,182
2,891,497
M illions o f dollars
U.S.
exports of
goods
shipped to
affiliates
U.S.
im ports of
goods
shipped by
affiliates
Thousands
of
employees
209,605
203,007
215,300
9,606.9
Net
income
Total
assets
Sales
4,647,439
2,486,855
Net
incom e
191,115
Gross
product
U.S.
exports of
goods
shipped to
MOFA’s
605,888
195,951
U.S.
Thousands
of
im ports of
employees
goods
shipped
by MOFA’s
201,374
8,064.7
By country
Canada........................................................................
428,185
366,701
18,897
61,511
82,226
1,145.4
376,574
328,026
16,712
72,398
59,508
77,827
1,038.7
Europe........................................................................
O f which:
France................................................................
Germany............................................................
Netherlands......................................................
United Kingdom................................................
3,046,124
1,438,611
113,288
51,783
38,244
4,095.8
2,840,082
1,302,959
105,202
333,375
50,816
36,594
3,687.9
186,053
300,512
361,574
1,315,404
137,511
236,095
145,337
413,467
3,307
9,806
17,345
29,948
(D)
8,590
7,611
(D)
3,391
4,488
(D)
10,848
586.3
657.8
197.0
1,266.6
163,929
258,561
343,897
1,272,450
124,751
200,192
126,261
397,179
3,445
8,347
15,735
29,590
35,754
54,819
23,371
110,643
5,005
8,535
7,572
13,340
3,124
4,467
1,770
10,842
544.0
605.2
169.0
1,185.7
797,682
360,845
37,864
41,708
47,582
2,006.8
656,101
295,893
33,412
70,401
40,277
45,111
1,583.8
137,776
114,653
80,024
123,970
3,341
6,162
3,722
32,000
38,957
403.6
1,048.1
100,130
86,056
61,895
99,466
2,998
5,321
19,413
20,180
3,650
31,017
2,182
37,408
343.5
804.4
127.0
Latin America and Other Western Hemisphere
Of which:
Brazil..................................................................
Mexico...............................................................
Africa..........................................................................
59,118
43,595
4,436
831
(D)
237.7
44,127
34,726
3,709
13,877
771
1,972
Middle East................................................................
54,491
33,111
4,185
1,068
1,831
94.1
21,578
16,131
2,166
6,910
857
1,831
64.7
Asia and Pacific.........................................................
Of which:
Australia............................................................
Japan.................................................................
874,581
648,635
30,937
46,106
(D)
2,027.0
708,976
509,119
29,913
108,927
43,722
38,039
1,562.5
116,562
342,967
69,807
240,240
3,619
4,813
4,228
15,281
7,188
324.0
432.2
103,055
257,953
56,605
159,593
3,497
5,979
18,646
36,277
4,100
13,815
1,216
2,627
257.4
233.7
M ining........................................................................
226,750
103,583
21,088
1,335
8,316
157.6
198,715
92,211
18,487
60,060
1,034
7,585
136.7
U tilities.......................................................................
163,071
66,065
4,558
9
13
105.8
102,414
39,624
2,767
10,839
3
11
57.7
Manufacturing...........................................................
Of which:
Food...................................................................
Chemicals..........................................................
Primary and fabricated metals.......................
Machinery..........................................................
Computer and electronic products................
Electrical equipment, appliances, and
components..................................................
Transportation equipment...............................
1,176,742
1,380,870
65,861
143,189
186,356
5,067.4
996,919
1,197,293
61,830
317,339
137,960
173,295
4,352.5
68,547
261,128
64,704
74,811
175,761
94,095
225,477
49,753
79,741
227,081
3,618
19,791
2,321
3,017
12,056
2,338
19,091
4,110
7,506
35,555
3,479
14,502
4,857
8,200
46,899
406.2
620.4
269.4
389.6
816.9
61,536
228,750
58,134
60,548
168,785
84,377
200,982
43,213
64,429
222,380
3,372
17,955
2,155
2,949
12,134
19,139
58,200
13,249
18,035
41,886
2,258
17,962
3,907
7,101
35,268
3,402
13,889
4,660
7,126
46,065
355.6
559.2
245.9
343.6
777.1
28,900
194,785
31,024
308,096
1,333
5,424
3,434
57,144
4,123
86,907
272.1
982.0
25,370
156,162
27,341
256,286
1,223
6,624
7,350
48,851
3,317
54,817
3,529
77,984
232.0
872.4
Wholesale trade.........................................................
382,980
668,048
26,924
50,106
17,909
717.8
365,091
629,051
26,130
87,025
48,977
17,847
669.1
Information................................................................
283,101
153,265
4,445
863
220
698.8
119,966
76,042
307
22,364
846
220
333.0
Finance (except depository institutions) and
insurance...............................................................
1,841,581
207,633
24,502
4
0
343.7
1,770,932
194,933
24,007
23,307
4
0
309.8
121,023
85,531
6,698
2,032
(D)
450.8
118,038
81,458
6,576
33,050
2,029
844
422.9
1,064,934
226,501
55,529
5,469
(D)
2,065.1
975,364
176,243
51,012
51,904
5,097
1,572
1,782.9
By industry
Professional, scientific, and technical services
Other industries.........................................................
D Suppressed to avoid disclosure of data of individual companies.
The data in this table are from “U.S. Multinational Companies: Operations in 2000” in the December 2002 issue of the
N ote .
S urvey of C urrent B us in e s s .
February 2003
Su r v e y
of
D-61
C u r r e n t B u sin ess
Table G.4. Foreign Direct Investment in the United States: Selected Items, by Country of Foreign Parent
and by Industry of U.S. Affiliate, 1999-2001
[Millions of dollars]
Direct investm ent position
on a historical-cost basis
1999
All countries, all industries..............................................................
955,726
2000
1,214,254
Income
Capital inflow s (outflow s ( -))
2001
1,321,063
1999
2000
2001
283,376
300,912
124,435
2000
1999
46,385
2001
52,465
15,965
By country
Canada....................................................................................................................
90,559
114,599
108,600
26,367
26,036
4,627
2,215
1,057
-7,736
Europe....................................................................................................................
Of which:
France.............................................................................................................
Germany..
Luxembourg
Netherlands
Switzerland
United Kingdom
639,923
835,137
946,758
223,406
238,740
118,059
36,753
41,511
26,043
89,945
112,126
35,644
125,010
52,973
153,797
131,484
124,839
53,794
146,493
69,240
213,820
147,207
152,760
40,232
158,020
125,521
217,746
29,834
23,478
6,887
41,689
2,503
108,566
49,436
14,290
25,230
32,599
16,697
75,654
14,676
28,015
-13,801
15,171
51,959
14,226
2,954
6,123
2,241
7,299
2,844
11,899
3,930
2,390
4,672
8,990
4,113
14,046
7,663
-6,273
3,172
4,368
1,816
11,823
Latin America and Other Western Hemisphere.................................................
O f which:...........................................................................................................
Bermuda..
Mexico.....
Panama...
United Kingdom Islands, Caribbean...........................................................
40,771
54,463
58,881
16,929
12,253
954
2,397
2,407
-1,399
14,798
1,999
5,275
11,573
18,502
7,832
3,726
15,353
15,748
7,418
4,199
18,244
10,338
1,273
-226
4,137
2,523
5,266
-1,477
3,865
-3,223
-84
449
3,966
41
175
752
1,527
-45 7
-6 8
647
1,829
-1,602
-1,070
480
118
-193
Africa......................................................................................................................
1,361
2,756
3,264
423
652
407
-66
6
Middle East.............................................................................................................
4,362
6,189
6,039
376
2,142
-159
156
259
311
Asia and Pacific.....................................................................................................
Of which:
Australia........................................................................................................
Japan..............................................................................................................
178,749
201,110
197,522
15,876
21,088
547
4,931
7,225
-1,060
15,616
153,815
20,701
163,577
23,488
158,988
4,193
11,555
5,963
7,773
3,649
-1,550
643
4,006
1,074
5,825
-918
169
By industry
Petroleum...............................................................................................................
51,231
87,055
95,922
4,778
44,869
10,308
4,510
11,435
8,971
Manufacturing.......................................................................................................
Food and kindred products.
Chemicals and allied products
Primary and fabricated metals
Machinery.............................
Other manufacturing...........
385,253
18,864
97,009
19,778
92,038
157,564
479,851
23,975
122,446
24,741
151,237
157,453
508,535
23,847
127,139
25,683
166,198
165,668
69,851
-1,460
7,562
1,839
39,483
22,428
100,693
5,293
26,196
9,057
40,040
20,107
29,246
-233
3,062
-965
14,695
12,687
24,674
1,570
6,317
1,083
2,181
13,524
23,860
1,792
5,906
1,320
6,847
7,996
3,177
1,051
4,472
802
-6,444
3,297
Wholesale trade.......................
5,549
100,251
110,286
112,997
16,195
11,320
1,855
5,813
7,016
Retail trade.............................................................................................................
24,199
29,666
35,811
4,156
5,243
7,245
1,641
1,677
816
Depository institutions.........................................................................................
61,756
68,128
78,094
19,326
9,672
8,427
2,994
3,948
3,370
Finance, except depository institutions..............................................................
65,453
84,383
85,990
17,964
19,957
6,414
816
399
-5,921
Insurance................................................................................................................
83,760
112,482
120,400
23,026
34,562
8,496
2,963
4,767
3,183
Real estate..............................................................................................................
40,209
42,682
44,163
2,492
998
1,873
1,075
2,291
1,095
Services..................................................................................................................
64,335
109,504
125,660
21,675
60,539
14,718
1,873
-920
-1,853
Other industries.....................................................................................................
79,281
90,219
113,491
103,913
13,058
35,853
25
-2,008
-2,422
N ote , 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, 2001" in the September 2002 issue of the
S ur vey of C u r rent B u s in e s s .
D -62
International D ata
February 2003
Table G.5. Selected Financial and Operating Data of Nonbank U.S. Affiliates and Majority-Owned Nonbank U.S. Affiliates of Foreign Companies by
Country of Ultimate Beneficial Owner and by Industry of Affiliate, 2000
All nonbank affiliates
M ajority-ow ned nonbank affiliates
M illions of dollars
Total assets
All countries, all industries
4,847,267
Sales
M illions o f dollars
Net incom e
2,334,692
30,641
Gross
product
522,238
Thousands
of
employees
U.S.
exports of
goods
shipped by
affiliates
6,429.2
165,321
M illions of dollars
U.S.
im ports of
goods
Total assets
shipped to
affiliates
366,647
4,180,503
Sales
M illions of dollars
Net incom e
2,053,022
22,086
Gross
product
449,396
Thousands
of
employees
5,562.6
U.S.
U.S.
exports of im ports of
goods
goods
shipped by shipped to
affiliates
affiliates
151,521
348,741
By country
Canada.............................................
434,177
168,457
-3,670
40,514
643.0
9,019
19,509
416,420
159,257
-3,792
36,272
555.2
8,859
19,365
Europe..............................................
Of whictr.
France......................................
Germany.................................
Netherlands............................
Sweden....................................
Switzerland.............................
United Kingdom.....................
3,274,267
1,420,093
27,465
349,863
4,361.9
89,063
145,037
3,020,496
1,247,041
22,226
301,085
3,815.7
81,543
139,222
469,643
572,565
582,054
66,738
695,092
734,634
193,135
320,249
254,092
42,435
132,392
363,251
2,516
3,186
4,965
-214
2,513
14,877
57,762
57,995
46,620
11,096
39,924
111,871
648.8
729.8
561.4
234.2
554.0
1,189.9
15,194
32,770
7,498
4,003
6,004
16,970
16,294
53,080
21,895
(D)
8,540
25,105
390,343
558,092
560,755
66,068
671,046
637,335
144,432
308,197
2,765
2,730
-ffl
2,154
12,270
401.0
691.4
546.9
225.5
459.0
1,102.8
32.ISI
« &
120,011
331,175
38,854
54,033
42,641
10,724
34,015
100,143
7,214
3,982
5,917
16,303
5 2 $
21,827
4,696
8,373
24,701
146,009
105,033
-599
26,597
275.8
9,272
20,978
136,603
95,183
-813
25,073
262.1
8,998
17,488
60,491
19,507
1,679
35,792
16,278
1,238
-762
46
18
11,872
2,952
524
135.7
57.2
6.8
l D)
1,597
3,291
109
58,264
18,080
1,563
35,179
14,977
1,170
-715
110
6
11,796
2,759
498
132.2
53.8
6.7
! D)
pj
126
1,592
39,199
13,297
9,576
29,800
-360
656
1,673
6,480
34.1
8.3
1,947
10,590
38,679
-348
(D)
1,584
(D)
32.3
H
(D)
1,947
(D)
9,298
(D)
11,758
6,449
181
1,322
14.2
269
(D)
(D)
(D)
1,283
14.0
Latin America and Other Western
Hemisphere................................
Of whictr.
Bermuda.................................
Mexico.....................................
Panama...................................
United Kingdom Islands,
Caribbeaa...........................
Venezuela...............................
Africa................................................
(Dj
126
474
P)
P)
IS !
(D)
266
Middle E ast.....................................
29,912
16,011
568
3,150
50.9
802
1,846
27,434
14,301
489
2,434
38.1
789
1,758
Asia and Pacific..............................
Ofwhiclr.
Australia..................................
Japan.......................................
United States...................................
705,084
576,943
1,072
89,282
1,019.5
54,686
177,721
557,549
513,157
3,868
77,928
848.2
48,943
169,450
69,095
558,934
246,060
31,948
477,831
41,707
-643
4,316
5,625
9,319
72,041
11,510
83.3
826.8
63.9
1,428
44,130
2,004
1,438
151,368
1,287
60,519
445,551
(D)
25,605
429,732
-741
5,015
(D)
69.6
699.9
29.4
40,894
(D)
7,909
62,241
5,320
P)
147,125
1,192
M anufacturing................................
Of whictr.
Food........................................
Chemicals..............................
Primary and fabricated
metals..................................
Machinery...............................
Computers and electronic
products.............................
Electrical equipment,
appliances, and
components........................
Transportation equipment.....
1,108,046
979,597
11,796
237,032
2,658.3
101,248
149,875
1,000,442
852,164
10,985
217,358
2,441.9
91,048
134,932
45,143
257,094
47,388
160,496
302
3,887
11,018
44,832
147.6
386.8
2,467
15,528
4,398
16,388
44,099
238,314
45,567
145,362
296
3,195
10,631
40,821
140.8
356.7
2,374
14,295
4,377
16,099
65,699
66,528
66,282
54,207
1,244
-885
17,282
15,506
219.2
230.6
4,930
6,735
7,719
7,849
57,252
64,744
57,196
52,612
669
-3 6
15,069
15,323
204.9
223.6
4,125
6,545
6,830
7,375
173,303
129,225
-4,847
28,705
337.4
19,329
37,731
137,673
117,587
-3,755
27,229
305.3
14,645
30,463
66,099
199,695
60,221
205,220
280
3,890
19,878
35,016
284.4
390.8
8,717
30,731
4,284
46,806
65,680
192,444
59,765
193,099
254
3,519
19,737
32,278
282.7
358.3
8,583
29,213
4,231
Wholesale trade..............................
407,715
637,978
14,530
86,444
574.4
57,844
207,041
398,811
616,015
13,683
82,849
543.7
54,431
204,816
Retail trade......................................
74,259
114,977
-279
24,676
674.4
1,535
(D)
60,826
102,648
163
22,346
603.5
(D)
P)
Inform ation.....................................
Of which:
Publishing industries............
Broadcasting and
telecommunications.........
318,489
121,684
-4,387
41,878
408.9
709
240
169,464
69,125
-4,050
19,959
242.8
687
161
71,021
35,582
98
13,764
139.2
(D)
127
(D)
30,415
-385
10,695
122.8
(D)
P)
165,541
59,205
-3,848
21,895
178.4
5
(D)
38,335
13,517
-3,692
2,837
35.1
(*)
1
Finance (except depository
institutions) and insurance.......
2,472,481
243,337
10,543
41,433
291.8
(*)
5
2,162,327
211,823
3,396
33,260
252.0
(*)
5
Real estate and rental and leasing
122,797
25,691
1,331
10,936
49.5
(D)
649
110,543
22,589
1,069
9,418
38.7
P)
649
Professional, scientific, and
technical services......................
Other industries..............................
51,405
292,075
32,241
179,186
-1,135
-1,759
9,672
70,167
148.9
1,623.1
366
336
(D)
46,919
231,172
29,665
148,994
-634
-2,527
9,038
55,169
133.4
1,306.7
356
3,242
336
(D)
P)
By industry1
(D)
(D)
P)
Suppressed to avoid disclosure of data of individual companies.
N o tes . The data in this table are from BEA’s annual survey of the operations of U .S . affiliates of foreign companies; see
* Less than $500,000.
“U.S. Affiliates of Foreign Companies: Operations in 2000," in the August 2002 issue of the
S u rvey of C u rrent B u s in e s s .
1. The industry classification system used to classify the data for U.S. affiliates is based on the North American Industry
Size ranges are given in employment cells that are suppressed. The size ranges are: A— 1 to 499; F— 500 to 999; G—
Classification System. Prior to 1997, the affiliate data were classified using an industry classification system based on the
1,000 to 2,499; H— 2,500 to 4,999; 1— 5,000 to 9,999; J— 10,000 to 24,999; K— 25,000 to 49,999; L— 50,000 to 99 999Standard Industrial Classification system.
M— 100,000 or more.
D
D -63
February 2003
H. In te rn a tio n a l P e rs p e c tiv e s
The quarterly data in this table are shown in the middle month of the quarter.
Table H.1. International Perspectives
2001
2000
2002
2001
Oct.
Nov.
Dec.
Jan.
1.5997
0.8832
1.3268
9.1640
1.4322
1.5964
0.8707
1.3364
9.1050
1.4227
1.5877
0.8766
1.3106
9.0640
1.4230
1.5815
0.8860
1.3077
9.1650
1.4429
1.5502
0.9170
1.2638
9.5100
1.4598
129.26
130.03
129.27
128.95
127.35
Feb.
March
April
May
July
Aug.
Sept.
1.5318
0.9561
1.2329
9.7670
1.4837
1.5456
0.9935
1.1790
9.7790
1.5565
1.5694
0.9781
1.1899
9.8390
1.5368
1.5761
0.9806
1.2108
10.0710
1.5563
1.5780
0.9812
1.2391
10.0940
1.5575
1.5715
1.0013
1.2161
10.1950
1.5711
125.96
124.20
125.64
126.67
127.69
126.38
7.7
9.0
9.8
7.6
9.0
9.9
10.0
5.4
2.9
3.1
5.5
2.6
3.1
3.1
6.0
June
Oct.
Nov.
Exchange rates per U.S. dollar (not seasonally adjusted)1
Canada (Can.$/US$)...........................
Euro area (US$/Euro)2 .......................
Japan (¥/US0)......................................
Mexico (Peso/US$)................................
United Kingdom (U S$/£).....................
1.4855
0.9234
1.0782
9.4590
1.5159
1.5490
0.8955
1.2152
9.3408
1.4401
1.5717
0.9050
1.2145
9.3390
1.4501
1.5922
0.8883
1.2241
9.2250
1.4356
1.5788
0.8912
1.2759
9.1570
1.4413
Addendum:
Exchange value of the U.S. dollar3
119.67
126.09
126.86
127.33
127.52
Unemployment rates (percent, monthly data seasonally adjusted)
Canada..............
France................
Germany............
Italy.....................
Japan..................
M exico...............
United Kingdom.
6.8
9.5
9.6
10.6
4.7
2.2
3.6
7.2
8.7
9.4
9.5
5.0
2.5
3.2
Addendum:
United States.
4.0
4.8
7.4
8.7
9.5
8.0
8.8
9.5
7.9
8.8
9.6
5.3
2.8
3.2
7.6
8.8
9.5
9.2
5.4
2.6
3.2
7.7
8.9
9.6
7.6
8.9
9.6
5.3
2.8
3.2
7.9
8.8
9.6
9.1
5.3
2.5
3.1
5.5
2.8
3.2
5.4
5.6
5.8
7.5
9.0
9.8
7.6
9.0
9.8
5.2
2.7
3.2
7.7
8.9
9.7
9.1
5.4
2.7
3.2
5.4
2.6
3.2
5.4
2.9
3.1
7.5
9.0
9.8
9.0
5.4
2.8
3.1
5.2
2.7
3.1
5.6
5.5
5.7
6.0
5.8
5.9
5.9
5.7
5.6
5.7
Consumer prices (monthly data seasonally adjusted, 1995=100)
Canada..............
France................
Germany............
Italy.....................
Japan..................
M exico...............
United Kingdom.
109.0
106.3
107.0
112.8
101.5
239.9
114.2
111.7
108.1
109.6
115.9
100.8
255.2
116.3
112.1
108.7
109.7
116.5
100.7
259.0
116.9
111.1
108.4
109.5
116.7
100.2
260.0
116.5
111.2
108.5
109.6
116.8
100.1
260.3
116.3
111.5
109.0
110.6
117.3
99.9
262.7
116.3
112.2
109.1
110.9
117.7
99.4
262.6
116.6
113.0
109.6
111.1
118.0
99.6
263.9
117.1
113.6
110.1
111.2
118.3
99.9
265.3
117.9
113.8
110.2
111.2
118.6
100.2
265.9
118.2
114.2
110.2
111.1
118.7
100.1
267.2
118.2
114.8
110.2
111.3
118.9
99.7
267.9
118.0
115.3
110.4
111.2
119.1
100.0
269.0
118.3
115.3
110.6
111.1
119.3
100.0
270.6
119.2
115.6
110.8
111.1
119.6
99.8
271.8
119.4
274.0
119.6
Addendum:
United States.
113.0
116.2
116.6
116.5
116.4
116.6
116.8
117.2
117.8
117.8
117.9
118.1
118.5
118.7
119.0
119.1
110.8
110.7
120.0
Real gross domestic product (percent change from preceding quarter, quarterly data seasonally adjusted at annual rates)
Canada..............
France................
Germany............
Italy.....................
Japan..................
United Kingdom.
4.5
3.8
3.1
2.9
2.4
3.1
1.5
1.8
0.7
1.8
0.3
2.0
2.9
-1.6
-1.2
-0.6
-1.9
0.9
5.7
2.4
1.1
0.5
0.2
0.5
4.4
1.7
0.6
0.8
3.8
2.5
3.1
0.9
1.1
1.1
3.2
3.3
Addendum:
United States.
3.8
0.3
2.7
5.0
1.3
4.0
Canada..............
Euro area...........
M exico...............
United Kingdom.
5.78
4.39
16.15
6.11
3.98
4.26
12.24
4.97
2.84
3.60
9.68
4.36
2.24
3.39
8.69
3.93
2.10
3.34
7.53
3.99
2.01
3.34
7.35
3.98
2.11
3.36
8.17
3.98
2.22
3.39
7.31
4.06
2.39
3.41
6.16
4.11
2.59
3.47
6.69
4.08
2.76
3.46
7.49
4.11
2.85
3.41
7.88
3.99
2.93
3.35
7.07
3.92
2.90
3.31
7.82
3.93
2.87
3.26
8.23
3.90
2.82
3.12
7.83
Addendum:
United States.
5.82
3.40
2.16
1.87
1.69
1.65
1.73
1.79
1.72
1.73
1.70
1.68
1.62
1.63
1.58
1.23
Canada..............
Euro area...........
France.................
Germany............
Italy.....................
Japan..................
United Kingdom.
5.89
5.44
5.89
5.3
5.58
1.74
5.31
5.47
5.03
5.38
4.8
5.19
1.32
4.94
4.86
4.82
5.04
4.6
4.96
1.36
4.83
5.36
4.67
5.07
4.5
4.80
1.33
4.63
5.44
4.96
5.35
4.7
5.05
1.33
4.90
5.42
5.02
5.39
4.9
5.14
1.42
4.94
5.31
5.07
5.42
4.9
5.20
1.50
4.97
5.79
5.32
5.57
5.2
5.41
1.42
5.25
5.64
5.30
5.56
5.2
5.40
1.39
5.26
5.49
5.30
5.59
5.2
5.41
1.37
5.29
5.37
5.16
5.45
5.0
5.26
1.33
5.12
5.23
5.03
5.48
4.9
5.11
1.30
5.01
5.14
4.73
4.99
4.6
4.83
1.26
4.71
4.92
4.52
4.89
4.4
4.62
1.13
4.49
5.16
4.62
5.14
4.5
4.76
1.10
4.61
Addendum:
United States.
6.03
5.02
4.57
4.65
5.09
5.04
4.91
5.28
5.21
5.16
4.93
4.65
4.26
3.87
3.94
Canada..............
France................
Germany............
Italy.....................
Japan.................
M exico...............
United Kingdom,
216.7
321.7
260.3
319.0
97.7
293.6
178.5
174.4
260.1
196.4
258.8
69.3
275.7
147.9
155.3
220.4
163.8
216.6
59.9
249.5
132.8
167.5
234.5
175.5
225.7
61.8
262.8
137.8
173.4
236.5
178.9
228.7
60.9
287.1
136.9
172.5
237.3
182.8
229.5
57.8
312.2
136.6
172.3
229.7
176.2
223.0
61.2
303.4
135.1
177.1
243.9
187.5
238.3
63.7
340.7
139.5
172.8
241.6
184.1
239.7
66.4
337.1
137.6
172.7
234.5
176.0
229.4
68.0
316.8
135.2
161.2
212.8
159.8
209.1
61.4
291.1
124.9
149.0
188.9
145.2
192.8
57.1
271.3
111.9
149.1
183.5
134.3
190.1
55.6
280.1
111.3
139.4
167.4
118.6
177.7
54.2
258.1
104.9
140.9
160.7
109.6
169.3
50.0
268.9
103.6
277.4
106.1
Addendum:
United States,
221.4
207.8
191.0
197.6
200.2
199.8
195.6
206.3
201.8
197.8
187.0
167.0
168.9
161.8
158.0
165.8
0.7
Short-term, 3-month, interest rates (percent, not seasonally adjusted)
Long-term interest rates, government bond yields (percent, not seasonally adjusted)
4.59
4.80
4.5
4.74
4.05
Share price indices (not seasonally adjusted, 1995=100)
1. All exchange rates are from the Board of Governors of the Federal Reserve System.
2. Rates for selected euro-area currencies can be derived by using the following conversion rates: 1 euro = 6.55957
French francs, 1.95583 German marks, and 1936.27 Italian lire.
3. The rate shown for the United States is an index of the weighted average of the foreign exchange value of the U.S.
dollar against the currencies of a broad group of major U.S. trading partners, January 1997=100. For more information on
the exchange rate indexes, see “New Summary Measures of the Foreign Exchange Value of the Dollar,” Federal Reserve
172.8
118.4
182.0
Bulletin, vol. 84 (October 1998), pp. 811-18.
N o t e . U.S. interest rates, unemployment rates, and GDP growth rates are from the Federal Reserve, the Bureau of
Labor Statistics, and BEA, respectively. GDP growth rates for other countries are calculated from levels published by those
countries. Most other data (including U.S. consumer prices and U.S. share prices, both of which have been rebased to
1995 to facilitate comparison) are © OECD and are reproduced with permission.
February 2003
D-64
I. C h a rts
THE U.S. IN THE INTERNATIONAL DOMESTIC ECONOMY
B illion $
B illion $
B illio n $
B illio n $
Billion $
U.S. Bureau of Economic Analysis
February 2003
D -65
Regional Data
J. S ta te an d R e g io n a l T ab le s
T h e tables in this section include the m ost recent estimates o f State personal incom e and gross state pro d u ct. T h e
sources o f these estimates are noted.
T h e q u arterly and annual estimates o f State personal incom e and the estimates o f gross state p ro d u ct are
available on C D - R O M . For in fo rm a tio n on State personal incom e, e -m a il reis.rem d@ bea.gov; w rite to the
R egional E c onom ic In fo rm a tio n System, B E -5 5 , B ureau o f E conom ic Analysis, U.S. D e p a rtm e n t o f C om m erce,
W ash ington , D C 20230; or call 2 0 2 -6 0 6 -5 3 6 0 . For in fo rm a tio n on gross state product, e -m a il gspread@ bea.gov;
w rite to the Regional Econom ic Analysis D ivisio n , B E -6 1 , B ureau o f Econom ic Analysis, U .S. D e p a rtm e n t o f
C o m m erce, W ashington, D C 20230; o r call 2 0 2 -6 0 6 -5 3 4 0 .
Table J.1 . Personal Income by State and Region
[Millions of dollars, seasonally adjusted at annual rates]
1998
1999
2000
Percent
change1
2002
2001
Area name
2002 :ll2002:lll
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
United States
New England...............
7,568,387
447,023
7,647,688
448,822
7,715,358
454,620
7,801,465
463,459
7,953,533
472,177
8,203,812
492,215
8,340,348
499,073
8,481,147
509,572
8,569,877
516,386
8,652,160
522,932
8,669,921
520,678
8,697,999
519,699
8,692,940
518,451
8,794,858
523,703
8,904,317
530,439
8,984,227
534,283
0.9
0.7
Connecticut...............
Maine........................
Massachusetts
New Hampshire
Rhode Island............
Vermont....................
127,594
30,138
209,727
36,297
28,256
15,011
127,910
29,793
211,381
36,212
28,319
15,208
129,499
30,378
214,040
36,802
28,480
15,420
131,798
31,263
218,268
37,547
28,927
15,657
133,841
31,126
223,600
38,451
29,270
15,890
137,643
32,056
235,357
40,723
30,152
16,283
140,059
32,693
238,015
41,151
30,486
16,668
142,385
33,022
244,559
41,918
30,968
16,720
144,518
33,403
247,339
42,728
31,305
17,094
146,171
34,210
250,286
43,020
31,868
17,378
145,566
34,276
248,478
42,993
31,865
17,500
145,221
34,443
247,285
42,966
32,200
17,583
144,408
34,608
246,759
42,965
32,049
17,662
145,916
35,390
248,342
43,243
32,947
17,864
146,949
35,641
252,490
44,158
33,215
17,986
147,969
36,057
254,029
44,627
33,399
18,202
0.7
1.2
0.6
1.1
0.6
1.2
Mideast.......................
1,421,284
1,438,991
1,445,865
1,465,140
1,480,655
1,531,383
1,563,518
1,585,269
1,617,843
1,626,431
1,623,587
1,629,240
1,628,390
1,642,094
1,662,463
1,676,997
0.9
Delaware...................
District of Columbia
Maryland...................
New Jersey..............
New York..................
Pennsylvania............
22,222
20,574
161,960
283,122
596,684
336,723
22,463
20,216
164,610
285,764
608,705
337,232
22,464
20,348
165,981
286,113
610,166
340,792
22,826
20,539
168,105
288,093
622,436
343,141
23,243
20,900
170,286
295,277
622,305
348,645
24,083
21,634
176,048
307,154
645,590
356,874
24,518
22,012
178,670
315,871
659,799
362,649
24,971
22,242
181,761
319,804
668,911
367,581
25,495
22,743
184,933
326,553
685,410
372,709
25,572
22,807
187,539
325,495
688,789
376,229
25,796
23,036
188,899
325,753
683,235
376,868
26,072
22,972
189,959
327,663
683,650
378,925
25,972
23,019
190,170
327,982
683,421
377,825
26,598
23,383
193,805
334,061
677,906
386,342
26,594
23,803
196,235
334,624
691,539
389,668
26,846
23,982
198,130
337,930
696,973
393,136
0.9
0.7
1.0
1.0
0.8
0.9
Great Lakes................
1,228,958
1,235,779
1,245,648
1,255,059
1,277,147
1,313,496
1,328,376
1,343,526
1,350,276
1,360,571
1,363,568
1,371,186
1,366,898
1,377,183
1,400,019
1,410,273
0.7
Illinois.......................
Indiana......................
Michigan...................
Ohio..........................
Wisconsin.................
368,550
152,112
269,260
298,672
140,365
367,926
153,063
272,781
300,836
141,174
371,626
153,571
274,884
302,825
142,743
373,645
154,930
277,349
304,691
144,443
381,115
158,111
281,152
309,709
147,061
391,540
163,208
291,320
317,512
149,917
398,199
165,511
293,083
319,216
152,366
404,792
167,661
295,077
321,969
154,027
409,590
166,879
295,496
322,811
155,500
412,233
169,300
295,990
325,760
157,288
411,340
169,454
297,595
327,376
157,802
413,747
170,505
298,898
329,274
158,761
411,479
170,282
297,954
328,568
158,613
414,510
172,151
297,220
332,418
160,884
420,811
174,730
305,693
336,642
162,143
423,819
176,624
307,213
338,454
164,163
0.7
1.1
0.5
0.5
1.2
Plains..........................
503,371
503,233
507,623
512,874
524,706
534,339
545,868
553,632
556,687
563,250
565,003
568,855
568,720
579,372
582,449
587,249
0.8
Iowa..........................
Kansas......................
Minnesota................
Missouri....................
Nebraska...................
North Dakota............
South Dakota...........
72,789
69,095
143,235
141,130
44,128
15,026
17,969
71,740
68,693
144,211
141,849
44,309
14,543
17,889
71,928
69,121
146,001
142,888
44,655
14,782
18,249
73,279
69,883
147,027
143,998
45,472
14,760
18,454
74,699
72,143
150,326
146,698
46,662
15,298
18,880
76,285
72,019
154,243
150,256
46,575
15,738
19,223
77,775
73,888
157,886
153,412
47,344
16,079
19,483
78,428
75,539
160,468
155,402
48,034
16,167
19,593
78,673
75,049
162,672
156,248
48,182
16,125
19,738
79,642
76,487
164,043
157,887
48,973
16,318
19,899
79,761
76,689
164,370
158,423
49,299
16,370
20,093
80,123
77,419
165,031
159,641
49,751
16,565
20,326
80,046
77,296
164,912
159,673
49,933
16,481
20,378
81,898
79,462
166,762
161,952
51,522
17,065
20,711
82,108
79,978
168,282
162,461
51,799
16,875
20,946
82,736
80,917
169,751
163,320
52,357
17,049
21,119
0.8
1.2
0.9
0.5
1.1
1.0
0.8
Southeast....................
1,672,523
1,694,819
1,709,104
1,721,949
1,752,727
1,800,702
1,831,731
1,856,700
1,877,505
1,900,422
1,913,861
1,922,486
1,925,425
1,954,192
1,977,416
1,998,546
1.1
Alabama....................
Arkansas...................
Florida.......................
Georgia.....................
Kentucky...................
Louisiana..................
Mississippi...............
North Carolina..........
South Carolina
Tennessee.................
Virginia
West Virginia............
98,104
54,693
411,861
205,842
89,511
98,633
56,056
196,993
88,942
136,750
198,038
37,102
99,116
55,160
418,844
210,045
89,526
98,029
56,052
200,510
89,545
138,365
202,601
37,025
100,033
55,691
423,249
211,956
90,365
98,742
56,442
202,258
90,673
140,368
202,094
37,234
100,816
56,110
426,135
214,040
91,305
98,949
57,225
201,069
91,618
141,762
205,299
37,621
102,163
57,056
430,674
219,127
93,177
100,470
57,961
207,140
93,161
143,971
209,754
38,072
103,969
58,101
443,255
226,798
96,405
101,992
58,835
213,692
95,281
147,778
215,897
38,699
105,585
58,841
451,126
230,687
97,525
103,477
59,810
217,427
97,533
149,624
220,691
39,405
106,244
59,956
457,616
234,246
98,850
104,421
60,357
220,574
98,439
151,432
224,854
39,712
107,387
59,922
464,427
236,983
99,719
105,409
60,521
222,454
99,384
152,544
228,549
40,206
109,010
61,041
469,110
239,297
100,591
107,745
61,795
225,421
100,888
154,051
230,703
40,771
109,740
61,380
474,193
240,495
100,934
108,827
61,969
225,430
100,766
154,840
234,189
41,096
110,160
61,843
477,155
241,700
101,980
110,406
62,278
225,125
101,537
155,587
233,312
41,403
110,182
62,186
478,044
242,091
101,801
111,263
62,611
224,959
101,249
155,165
234,224
41,651
111,555
63,049
485,585
245,543
103,113
112,952
63,840
229,957
102,993
158,508
234,810
42,288
112,688
63,910
492,866
248,863
104,149
113,808
64,321
230,465
104,114
160,626
239,063
42,543
113,648
64,421
500,141
250,507
105,594
114,894
64,798
233,155
105,109
162,073
241,423
42,783
0.9
0.8
1.5
0.7
1.4
1.0
0.7
1.2
1.0
0.9
1.0
0.6
752,962
758,063
769,139
777,229
795,139
819,645
834,563
850,355
859,502
872,148
873,026
878,644
879,806
888,468
898,471
906,030
0.8
Arizona..
New Mexico.............
Oklahoma
Texas
116,148
37,430
75,584
523,800
117,100
37,149
76,271
527,543
119,715
37,670
77,046
534,708
121,059
37,882
77,503
540,784
123,155
38,386
79,075
554,524
129,038
38,837
80,578
571,192
129,392
39,676
82,405
583,090
131,796
40,025
84,030
594,504
133,700
40,549
85,127
600,126
135,454
41,543
86,002
609,149
137,088
42,070
86,432
607,435
138,817
42,709
87,104
610,014
137,895
43,092
87,460
611,359
140,427
43,917
88,536
615,587
142,207
44,290
89,110
622,865
143,711
44,774
90,041
627,503
1.1
1.1
1.0
0.7
Rocky Mountain..........
228,817
232,570
236,012
238,695
245,840
251,980
259,380
264,940
268,028
270,446
271,647
272,192
271,659
274,520
276,742
279,092
0.8
Colorado...................
Idaho
Montana
Utah
Wyoming
121,719
27,640
19,237
47,855
12,367
124,591
28,339
19,094
47,896
12,649
126,788
28,587
19,330
48,564
12,744
128,293
29,006
19,218
49,263
12,915
133,095
29,790
19,878
49,968
13,110
136,267
30,631
20,173
51,505
13,404
141,628
31,195
20,525
52,431
13,602
145,827
31,504
20,909
52,960
13,739
147,285
31,925
21,103
53,593
14,123
148,326
32,235
21,386
54,280
14,219
148,167
32,484
21,633
54,918
14,445
147,797
32,697
21,947
55,070
14,681
147,150
32,684
21,726
55,267
14,831
147,976
33,478
22,001
55,911
15,155
149,711
33,362
22,260
56,191
15,218
150,579
33,684
22,589
56,799
15,440
0.6
1.0
1.5
1.1
1.5
1,313,449
1,335,412
1,347,348
1,367,061
1,405,142
1,460,052
1,477,839
1,517,153
1,523,649
1,535,960
1,538,552
1,535,698
1,533,591
1,555,326
1,576,318
1,591,757
1.0
17,368
956,511
32,084
53,841
86,876
17,399
972,756
32,087
54,378
87,527
17,474
984,034
32,322
54,834
88,410
17,501
996,943
32,881
55,301
89,299
17,907
1,025,715
33,002
56,806
91,099
18,459
1,068,886
33,569
58,248
93,544
18,659
1,084,368
34,262
59,720
95,043
18,920
1,120,994
34,425
60,455
96,457
19,056
1,123,250
34,976
61,367
96,578
19,337
1,131,361
35,375
62,313
97,776
19,650
1,128,323
35,411
63,059
97,723
19,780
1,126,393
35,684
63,712
97,903
19,798
1,126,948
35,569
62,781
97,851
20,327
1,138,909
36,579
64,337
99,344
20,470
1,155,581
37,068
64,888
100,669
20,664
1,166,906
37,355
65,399
101,820
0.9
1.0
0.8
0.8
1.1
166,768
171,264
170,273
175,136
180,613
187,344
185,786
185,901
188,422
189,797
194,386
192,225
190,644
195,831
197,643
199,614
1.0
Southwest.
Far West...
Alaska...
California...................
Hawaii..
Nevada.
Oregon......................
Washington..............
1. Percent change was calculated from unrounded data.
N ote . The personal income level shown for the United States is derived as the sum of the State estimates. It differs from the
estimate of personal income in the national income and product accounts (NIPA’s) because of differences in coverage, in the
methodologies used to prepare the estimates, and in the timing of the availability of source data. In particular, it differs from
the NIPA estimate because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and
of U.S. residents employed abroad temporarily by private U.S. firms,
Source: Table 1 in “Personal Income by State, Third Quarter 2 003” in the February 2003 issue of the S ur vey of C urrent B u s i n ess .
D -66
Regional D ata
February 2003
Table J.2. Annual Personal Income and Per Capita Personal Income for States and Regions
Personal income
Area name
1996
United States........................
New England.................................
Connecticut................................
Maine
Massachusetts...........................
New Hampshire........................
Rhode Island
Vermont....
Mideast
Delaware...
District of Columbia
Maryland....................................
New Jersey................................
New York....................................
Pennsylvania.............................
Great Lakes....................................
Illinois
Indiana
Michigan.....................................
Ohio
Wisconsin..................................
Plains..............................................
Iowa............................................
Kansas........................................
Minnesota.
M issouri...
Nebraska..
North Dakota.............................
South Dakota
Southeast
Alabama....
Arkansas...
Florida
Georgia
Kentucky...
Louisiana..
Mississippi
North Carolina
South Carolina...........................
Tennessee.
Virginia
West Virginia
Southwest....
Arizona
New M exico...............................
Oklahoma...................................
Texas..........................................
Rocky Mountain............................
Colorado.....................................
Idaho
Montana.....................................
Utah
Wyoming
Far West
Alaska
California
Hawaii.........................................
Nevada........................................
Oregon
Washington...............................
Per capita personal incom e1
Millions of dollars
1997
1998
1999
2000
6,538,103 6,928,545 7,418,497 7,779,511 8,398,796
384,144
437,134
408,231
459,770
504,311
109,354
116,421
124,880
130,762
141,151
26,434
27,773
29,469
30,640
32,793
180,237
205,176
216,822
191,596
241,318
32,397
30,228
35,198
37,253
41,630
24,818
26,293
27,673
28,749
30,728
13,073
13,752
14,738
15,544
16,691
1,255,345 1,315,810 1,400,562 1,457,663 1,574,504
19,369
24,767
20,145
21,879
22,749
18,517
19,135
20,255
20,501
22,158
140,809
148,826
158,501
167,246
180,353
246,659
260,705
278,788
288,812
317,346
530,990
553,543
590,406
615,903
664,927
299,001
313,457
342,452
330,733
364,953
1,079,799 1,138,557 1,206,886 1,253,408 1,333,919
322,790
340,594
362,081
373,578
401,030
132,890
154,919
139,459
149,318
165,815
238,095
250,216
264,520
276,541
293,744
264,162
279,367
320,377
293,208
304,515
121,864
128,920
137,759
143,855
152,953
439,948
462,173
493,714
512,109
547,631
64,696
67,938
71,280
72,912
77,790
60,074
63,728
67,896
69,960
74,124
122,080
129,020
146,891
158,817
140,031
123,992
131,144
138,987
143,858
153,830
39,618
40,724
43,313
45,274
47,534
13,607
13,332
14,709
14,846
16,027
17,497
15,883
16,288
18,368
19,509
1,445,912 1,532,165 1,639,428 1,719,649 1,841,660
87,221
91,284
96,481
100,532
105,796
48,700
51,055
53,784
56,004
59,205
355,136
377,673
405,146
424,726
454,106
183,757
172,935
200,104
213,792
232,179
78,221
82,927
88,148
91,093
98,125
87,879
92,286
97,458
99,047
103,824
48,898
51,598
55,072
56,920
59,881
167,638
179,691
192,577
202,744
218,537
76,287
86,672
91,249
81,045
97,659
119,287
125,457
134,241
141,117
150,344
169,938
180,190
193,007
204,937
222,498
33,771
35,202
36,738
37,488
39,506
624,034
677,462
736,392
774,892
841,016
95,787
103,702
112,895
120,257
130,982
33,232
34,860
36,857
37,772
39,772
66,289
69,951
74,677
77,474
83,035
428,726
468,950
511,964
539,390
587,228
192,141
206,847
223,322
238,279
261,082
100,012
108,765
118,413
128,192
142,752
24,173
25,226
27,066
31,314
28,931
16,992
18,942
17,726
19,380
20,678
40,354
43,696
46,772
48,923
52,622
10,609
13,717
11,433
12,129
12,855
1,116,779 1,187,299 1,281,057 1,363,741 1,494,673
15,762
16,488
17,138
17,570
18,773
812,404
861,557
931,564
994,862 1,099,375
31,841
30,393
31,218
32,573
34,308
43,331
47,258
52,017
55,330
59,948
75,561
80,575
85,305
89,084
95,406
139,328
150,203
163,192
174,321
186,863
1. Per capita personal income was computed using midyear population estimates of the
Bureau of the Census.
2. Percent change was calculated from unrounded data.
N o t e . 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
2001
8,678,255
520,440
145,341
34,384
248,202
42,986
31,995
17,531
1,626,912
25,853
22,959
189,142
326,723
684,774
377,461
1,365,555
412,200
169,885
297,609
327,745
158,116
566,457
79,893
76,973
164,589
158,906
49,489
16,434
20,174
1,915,549
109,773
61,613
474,626
240,896
101,326
109,560
62,163
225,234
101,110
154,911
233,107
41,230
875,906
137,314
42,354
86,750
609,489
271,486
147,860
32,525
21,673
54,884
14,544
1,535,950
19,641
1,128,256
35,510
62,966
97,814
191,763
Percent
change2
3.3
3.2
3.0
4.9
2.9
3.3
4.1
5.0
3.3
4.4
3.6
4.9
3.0
3.0
3.4
2.4
2.8
2.5
1.3
2.3
3.4
3.4
2.7
3.8
3.6
3.3
4.1
2.5
3.4
4.0
3.8
4.1
4.5
3.8
3.3
5.5
3.8
3.1
3.5
3.0
4.8
4.4
4.1
4.8
6.5
4.5
3.8
4.0
3.6
3.9
4.8
4.3
6.0
2.8
4.6
2.6
3.5
5.0
2.5
2.6
Dollars
1996
1997
1998
1999
2000
2001
24,270
28,340
32,773
21,163
29,166
25,733
24,310
22,019
27,661
26,140
32,352
27,545
30,266
28,566
24,467
24,408
26,672
22,501
24,398
23,496
23,301
23,520
22,464
22,977
25,904
22,828
23,670
20,921
21,399
22,038
20,138
18,934
23,909
23,055
19,957
19,978
17,793
22,350
20,096
22,022
25,173
18,527
21,504
20,883
18,964
19,846
22,167
22,432
25,514
20,093
19,173
19,514
21,732
25,201
25,901
25,373
25,249
26,004
23,270
25,015
25,412
29,924
34,759
22,134
30,773
27,238
25,643
23,026
28,868
26,807
33,704
28,857
31,720
29,670
25,635
25,589
27,950
23,418
25,509
24,772
24,481
24,517
23,499
24,182
27,086
23,926
24,148
20,520
21,885
22,986
20,899
19,628
24,869
23,911
20,979
20,874
18,580
23,468
20,998
22,814
26,385
19,351
22,868
21,892
19,641
20,739
23,756
23,651
27,067
20,534
19,920
20,613
23,360
26,353
26,898
26,521
25,765
26,789
24,385
26,469
26,893
31,829
37,108
23,404
32,714
29,187
26,837
24,547
30,565
28,662
35,836
30,455
33,640
31,478
27,008
26,983
29,505
24,891
26,860
25,921
26,004
26,001
24,555
25,519
29,092
25,171
25,541
22,716
23,453
24,242
21,904
20,479
26,161
25,447
22,118
21,948
19,635
24,661
22,115
24,101
27,968
20,234
24,352
23,118
20,551
21,930
25,398
25,041
28,764
21,612
21,225
21,594
24,714
27,972
27,645
28,240
26,201
28,069
25,446
28,285
27,880
33,226
38,614
24,187
34,322
30,485
27,632
25,705
31,616
29,354
35,953
31,829
34,549
32,617
27,924
27,873
30,227
25,628
27,942
26,864
26,976
26,769
24,990
26,121
30,141
25,865
26,558
23,043
24,477
25,079
22,693
21,119
26,951
26,571
22,671
22,204
20,124
25,504
22,958
25,026
29,276
20,691
25,137
23,937
20,891
22,540
26,237
26,200
30,334
22,679
21,593
22,202
26,139
29,324
28,122
29,698
26,913
28,598
26,248
29,836
29,770
36,167
41,392
25,681
37,960
33,576
29,258
27,376
33,956
31,500
38,801
33,959
37,649
35,016
29,713
29,505
32,248
27,228
29,516
28,202
28,471
28,429
26,572
27,537
32,207
27,452
27,756
25,007
25,823
26,501
23,766
22,108
28,286
28,212
24,244
23,227
21,017
27,055
24,273
26,367
31,320
21,861
26,796
25,358
21,837
24,046
28,035
28,190
33,018
24,101
22,895
23,476
27,767
31,669
29,913
32,334
28,301
29,696
27,821
31,627
30,472
37,115
42,435
26,723
38,907
34,138
30,215
28,594
34,968
32,472
40,150
35,188
38,509
36,019
30,720
30,103
33,023
27,783
29,788
28,816
29,270
29,313
27,331
28,565
33,101
28,226
28,886
25,902
26,664
27,246
24,589
22,887
28,947
28,733
24,923
24,535
21,750
27,514
24,886
26,988
32,431
22,881
27,439
25,872
23,155
25,071
28,581
28,859
33,470
24,621
23,963
24,180
29,416
32,047
30,936
32,702
29,002
29,897
28,165
32,025
Rank in
U.S.
1
35
2
6
16
26
11
5
3
4
15
9
31
18
24
20
33
28
8
29
23
37
36
43
48
22
25
40
44
50
32
41
34
12
49
38
47
39
27
7
42
46
45
19
14
10
21
17
30
13
estimates, and in the timing of the availability of source data. In particular, it differs from the NIPA
estimate because, by definition, it omits the earnings of Federal civilian and military personnel
stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms.
Source: Table 1 “ State Personal Income, Revised Estimates for 1999-2001” in the October
2002 issue of the S u r v e y o f C u r r e n t B u s in e s s .
February 2003
Sur v ey
of
D -67
C u r r e n t B u sin ess
Table J.3. Disposable Personal Income and Per Capita Disposable Personal Income for States and Regions
Disposable personal incom e
Area name
1996
1997
United States....................... 5,669,393 5,960,749
New England.................................
326,543
342,605
Connecticut................................
91,536
95,724
Maine..........................................
23,257
24,200
Massachusetts...........................
159,674
151,896
28,200
New Hampshire........................
26,610
22,851
Rhode Island.............................
21,780
Vermont......................................
11,955
11,463
Mideast.......................................... 1,073,172 1,114,511
16,987
Delaware.....................................
16,547
District of Columbia
15,862
16,120
125,597
M aryland...................................
119,755
220,964
New Jersey................................
211,334
New York ..............................
450,040
464,468
Pennsylvania
259,634
270,375
Great Lakes
930,464
975,464
Illinois
278,447
291,507
Indiana..................................
119,826
114,831
Michigan...............................
204,949
214,500
Ohio..
227,746
239,900
Wisconsin.............................
104,491
109,732
Plains..
382,827
399,625
59,294
Iowa..
56,896
52,367
Kansas
55,113
Minnesota
103,586
109,183
Missouri
108,364
114,001
Nebraska....
34,932
35,531
11,853
North Dakota
12,226
South Dakota
14,456
14,650
Southeast
1,269,457 1,336,061
Alabama......
77,079
80,342
Arkansas.....
43,230
45,063
Florida
312,805
329,682
Georgia
150,182
158,350
Kentucky
71,915
68,160
Louisiana
78,079
81,431
M ississippi..
43,943
46,245
North Carolina
145,935
155,311
South Carolina
66,986
70,880
Tennessee..................................
106,568
111,632
Virginia.......................................
146,489
154,028
West Virginia.............................
30,001
31,182
Southwest......................................
552,859
596,546
Arizona.......................................
83,726
90,217
New Mexico...............................
29,502
30,758
Oklahoma
58,473
61,222
Texas
381,159
414,349
Rocky Mountain............................
166,565
178,194
92,927
Colorado
86,111
Idaho
21,208
22,044
Montana
15,037
15,621
Utah.
35,002
37,715
W yom ing....................................
9,207
9,886
Far West
967,506 1,017,744
Alaska
13,919
14,497
California....................................
701,878
735,173
Hawaii
26,730
27,371
Nevada
37,634
41,126
Oregon........................................
68,539
64,801
Washington...............................
122,543
131,039
1998
1999
2000
2001
6,349,151
364,015
101,699
25,480
169,596
30,578
23,898
12,764
1,178,249
18,470
16,921
133,060
234,080
491,784
283,933
1,029,255
307,987
128,475
225,186
250,838
116,768
425,703
62,181
58,652
118,006
120,352
37,620
13,143
15,748
1,423,978
84,855
47,302
351,912
171,711
76,215
86,139
49,256
165,760
75,481
119,346
163,510
32,491
645,743
97,615
32,496
65,310
450,321
191,724
100,489
23,639
16,670
40,460
10,466
1,090,483
15,003
789,557
27,846
44,903
72,660
140,515
6,621,480
379,838
105,830
26,400
177,269
32,116
24,787
13,436
1,217,422
19,202
16,795
140,126
240,089
507,736
293,475
1,067,782
316,463
133,378
235,489
260,567
121,886
441,836
63,449
60,275
124,709
124,478
39,248
13,245
16,432
1,490,466
88,376
49,265
368,190
183,084
78,557
87,744
50,865
174,214
79,457
125,616
171,953
33,144
679,123
103,776
33,215
67,744
474,388
203,495
108,190
25,148
16,997
42,112
11,047
1,141,518
15,400
827,255
28,378
47,583
75,398
147,503
7,113,559
410,306
112,817
28,111
193,290
35,516
26,237
14,336
1,309,804
20,935
18,024
150,250
262,179
546,368
312,047
1,138,249
339,330
143,459
251,045
273,908
130,508
471,343
67,935
63,777
133,731
133,054
41,068
14,302
17,475
1,594,045
93,060
51,959
391,323
198,513
84,884
91,807
53,590
187,686
85,289
134,141
186,890
34,902
733,704
112,945
34,781
72,462
513,516
221,749
119,717
27,021
18,084
45,258
11,669
1,234,359
16,411
897,310
29,786
51,332
80,241
159,278
7,387,363
428,879
117,239
29,593
202,402
37,003
27,503
15,139
1,360,181
21,967
18,782
158,291
272,356
565,238
323,546
1,167,753
349,489
147,316
254,749
280,623
135,576
488,468
69,760
66,307
139,216
137,633
42,868
14,635
18,049
1,661,737
96,677
54,192
410,136
206,772
87,686
96,994
55,779
194,234
88,456
138,241
196,098
36,472
767,047
119,007
37,173
75,846
535,022
231,908
124,947
28,240
19,000
47,302
12,419
1,281,390
17,171
932,835
30,930
54,069
82,917
163,467
1. Per capita disposable personal income was computed using midyear population estimates
of the Bureau of the Census.
2. Percent change was calculated from unrounded data.
N o t e . 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
Per capita disposable personal in c o m e 1
M illions of dollars
Percent
ch a ng e 2
3.8
4.5
3.9
5.3
4.7
4.2
4.8
5.6
3.8
4.9
4.2
5.4
3.9
3.5
3.7
2.6
3.0
2.7
1.5
2.5
3.9
3.6
2.7
4.0
4.1
3.4
4.4
2.3
3.3
4.2
3.9
4.3
4.8
4.2
3.3
5.6
4.1
3.5
3.7
3.1
4.9
4.5
4.5
5.4
6.9
4.7
4.2
4.6
4.4
4.5
5.1
4.5
6.4
3.8
4.6
4.0
3.8
5.3
3.3
2.6
Dollars
1996
1997
1998
1999
2000
2001
21,045
24,091
27,433
18,620
24,580
22,652
21,334
19,308
23,647
22,332
27,712
23,426
25,932
24,211
21,246
21,032
23,008
19,443
21,002
20,257
19,979
20,466
19,756
20,029
21,980
19,951
20,871
18,798
19,477
19,348
17,797
16,807
21,060
20,021
17,390
17,750
15,990
19,456
17,646
19,674
21,699
16,459
19,051
18,253
16,836
17,506
19,708
19,446
21,967
17,628
16,967
16,926
18,861
21,833
22,872
21,921
22,206
22,585
19,957
22,001
21,863
25,114
28,580
19,286
25,646
23,709
22,286
20,018
24,452
22,605
28,393
24,353
26,885
24,896
22,111
21,924
23,922
20,121
21,868
21,273
20,837
21,199
20,509
20,913
22,921
20,799
21,069
18,244
19,684
20,044
18,394
17,325
21,709
20,605
18,194
18,419
16,653
20,284
18,364
20,300
22,554
17,141
20,137
19,045
17,330
18,151
20,990
20,375
23,126
17,944
17,554
17,792
20,199
22,590
23,650
22,630
22,590
23,313
20,742
23,092
23,016
26,505
30,219
20,236
27,041
25,356
23,176
21,258
25,714
24,196
29,937
25,566
28,245
26,220
23,186
23,011
25,097
21,417
22,866
22,175
22,041
22,420
21,421
22,045
24,516
21,796
22,184
20,297
21,109
21,056
19,265
18,011
22,724
21,836
19,124
19,399
17,561
21,226
19,259
21,426
23,694
17,895
21,354
19,989
18,119
19,179
22,340
21,498
24,410
18,876
18,679
18,680
21,324
23,811
24,201
23,935
22,914
24,230
21,674
24,354
23,729
27,450
31,252
20,839
28,061
26,282
23,824
22,220
26,405
24,777
29,454
26,668
28,720
26,889
23,930
23,745
25,606
22,064
23,794
22,987
22,856
23,096
21,747
22,505
25,589
22,380
23,022
20,558
21,897
21,737
19,949
18,577
23,363
22,755
19,551
19,670
17,984
21,915
19,991
22,278
24,564
18,294
22,030
20,657
18,370
19,709
23,075
22,376
25,601
19,714
18,939
19,112
22,464
24,546
24,649
24,695
23,447
24,594
22,216
25,246
25,214
29,425
33,083
22,014
30,406
28,645
24,982
23,513
28,247
26,628
31,562
28,291
31,104
28,772
25,406
25,177
27,286
23,557
25,226
24,112
24,293
24,469
23,206
23,694
27,120
23,745
23,980
22,315
23,130
22,938
20,905
19,402
24,375
24,121
20,972
20,539
18,810
23,236
21,198
23,525
26,308
19,314
23,377
21,866
19,097
20,984
24,516
23,943
27,690
20,797
20,023
20,191
23,621
26,153
26,149
26,391
24,570
25,428
23,399
26,958
25,939
30,586
34,230
23,000
31,728
29,387
25,973
24,693
29,235
27,591
32,845
29,449
32,101
29,732
26,332
25,742
27,999
24,092
25,498
24,673
25,098
25,278
23,864
24,607
27,998
24,448
25,022
23,068
23,856
23,636
21,655
20,130
25,014
24,663
21,568
21,721
19,517
23,727
21,771
24,084
27,282
20,241
24,029
22,423
20,322
21,920
25,089
24,652
28,283
21,378
21,008
20,840
25,118
26,736
27,045
27,038
25,262
25,673
23,876
27,299
Rank in
U.S.
1
37
3
6
16
25
10
5
2
4
15
8
30
18
26
21
33
28
9
29
23
36
34
42
49
24
27
43
41
50
35
40
31
12
48
38
47
39
22
7
44
45
46
20
13
14
19
17
32
11
estimates, and in the timing of the availability of source data. In particular, it differs from the NIPA
estimate because, by definition, it omits the earnings of Federal civilian and military personnel
stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms.
Source: Table 1 “State Personal Income, Revised Estimates for 1999-2001” in the October
2002 issue of the S u r v e y o f C u r r e n t B u s in e s s .
D -68
Regional Data
February 2003
Table J.4. Gross State Product (GSP) by Industry for States and Regions, 2000
[Millions of dollars]
State and region
Rank of
total GSP
Total GSP
Agriculture,
forestry, and
fishing
M ining
Construction
M anufac
turing
Transporta
tion and
public
utilities
Wholesale
trade
Retail trade
Finance,
insurance,
and real
estate
Services
G overnm ent
United S tates ............
9,9 4 1,55 2
135,750
127,084
463,635
1,5 6 6,57 9
825,016
674,145
893,855
1,9 3 6,30 4
2,164,630
1 ,1 5 4,55 5
New England...........................
C onnecticut..........................
M aine ....................................
M assachusetts...................
New H a m p s h ire .................
Rhode Island.......................
V e rm o n t...............................
582,776
159,288
35,981
284,934
47,708
36,453
18,411
4,298
1,090
693
1,545
341
227
401
297
112
5
97
36
11
36
24,619
5,579
1,693
12,556
2,060
1,898
831
85,821
24,897
5,561
37,956
9,777
4,450
3,179
34,328
9,399
2,457
16,075
2,707
2,343
1,346
38,418
9,726
2,138
20,467
3,212
1,854
1,021
48,794
12,876
4,253
22,004
4,617
3,244
1,799
149,028
47,045
6,667
69,651
11,587
10,796
3,281
143,603
35,235
7,422
79,674
9,685
7,465
4,121
53,570
13,328
5,090
24,908
3,684
4,164
2,396
16
8
2
6
1,848,116
36,336
59,397
186,108
363,089
799,202
403,985
11,090
317
21
1,600
1,919
3,385
3,848
3 ,6 6 7
2
29
153
242
615
2,627
70,536
1,578
571
10,519
14,235
25,958
17,674
228,623
5,535
833
14,955
50,198
81,644
75,457
146,359
1,876
3,044
14,137
34,131
58,750
34,421
118,790
1,482
746
11,392
33,575
46,841
24,754
1 38,089
2,579
1,672
16,164
27,339
54,630
35,705
481,675
13,840
8,017
38,915
85,452
259,929
75,522
436,048
5,790
22,753
45,895
81,545
188,190
91,875
213,239
3,336
21,711
32,377
34,453
79,260
42,102
Great Lakes.............................
Illin o is ...................................
Indiana..................................
M ichigan..............................
O hio ......................................
W isco n sin ............................
5
15
9
7
20
1,530,982
467,284
192,195
325,384
372,640
173,478
15,630
4,163
2,225
2,910
3,481
2,851
4,414
1,058
674
881
1,531
271
74,009
22,310
9,836
16,619
16,809
8,434
351,203
73,413
58,906
85,465
89,399
44,021
116,507
41,203
14,436
21,335
27,100
12,433
109,716
37,013
11,448
23,548
26,483
11,225
13L490
37,669
17,365
30,046
36,183
16,227
257,073
96,849
25,422
46,417
60,960
27,424
306,776
107,674
32,755
64,863
69,897
31,588
158,165
45,932
19,128
33,301
40,799
19,005
P lains........................................
Io w a ......................................
Kansas..................................
M in ne so ta ............................
M isso u ri...............................
Nebraska..............................
North Dakota.......................
South D akota......................
30
31
17
18
36
50
46
635,821
89,600
85,063
184,766
178,845
56,072
18,283
23,192
16,886
3,678
2,204
3,318
2,517
2,471
952
1,745
3,449
210
1,236
684
423
86
686
125
31,195
3,822
4,018
9,575
9,150
2,710
924
995
1 11,677
19,747
14,004
32,459
32,849
8,022
1,580
3,015
60,941
7,758
11,408
13,842
18,299
6,082
1,783
1,769
4 7,702
6,338
6,449
14,555
12,985
4,289
1,561
1,524
59,475
7,950
8,380
17,069
17,040
4,918
1,797
2,322
104,091
13,938
11,141
35,354
27,394
8,763
2,846
4,655
126,218
15,392
14,851
39,566
37,761
11,031
3,518
4,100
7 4,188
10,768
11,373
18,344
20,425
7,701
2,636
2,941
Southeast................................
A labam a...............................
A rkansas..............................
Florida...................................
G eorgia................................
K entucky..............................
L ou isia n a .............................
M ississippi..........................
North Carolina.....................
South C arolina ...................
Tennessee............................
V irg in ia .................................
W est V irg in ia ......................
25
34
4
10
27
24
35
12
28
19
13
40
2,156,521
119,921
67,724
472,105
296,142
118,508
137,700
67,315
281,741
113,377
178,362
261,355
42,271
32,736
2,166
2,246
8,084
3,894
2,693
1,281
1,600
4,979
1,359
1,805
2,320
309
30,526
1,448
474
899
1,127
2,135
18,526
770
521
177
541
1,044
2,863
108,230
5,845
3,300
25,357
14,821
5,538
6,635
3,222
13,913
6,814
8,243
12,561
1,980
3 51,257
22,959
15,065
32,590
49,553
31,633
20,145
13,307
67,502
23,897
36,055
31,792
6,760
190,197
10,544
7,036
39,503
33,355
9,605
12,233
6,401
18,773
10,397
14,790
23,009
4,551
148,028
7,788
4,466
36,250
26,471
7,316
7,519
3,912
16,689
7,071
13,301
15,007
2,237
212,493
12,134
7,868
52,887
27,206
10,976
11,790
7,270
24,119
12,037
19,943
22,024
4,239
361,852
18,027
8,117
100,537
47,076
13,664
19,005
8,158
54,987
15,819
25,678
45,969
4,816
434,586
20,849
10,769
118,762
58,036
19,211
24,039
11,753
45,998
18,522
37,475
61,451
7,719
286,617
18,161
8,382
57,236
34,603
15,735
16,526
10,923
34,260
17,285
20,531
46,178
6,795
Southwest...............................
A rizona..................................
New M e xico ........................
Oklahoma.............................
Texas.....................................
23
37
29
3
1,0 4 4,71 4
156,303
54,364
91,773
742,274
15,067
2,246
1,043
2,138
9,639
57,581
1,136
5,051
5,146
46,247
51,262
9,292
2,290
3,614
36,066
1 49,173
24,382
8,862
14,824
101,105
106,628
11,154
4,067
8,480
82,927
75,069
10,124
2,186
5,375
57,384
1 00,350
16,463
4,838
9,338
69,711
156,992
28,714
7,219
11,383
109,676
209,961
34,652
9,787
16,849
148,674
122,632
18,140
9,022
14,625
80,845
Rocky M ountain.....................
C o lora d o ..............................
Idaho ....................................
M ontana...............................
U ta h .......................................
W y o m in g .............................
21
41
47
33
48
314,569
167,918
37,031
21,777
68,549
19,294
6,145
2,261
1,870
846
713
454
9,800
2,913
169
812
1,208
4,698
20,135
11,084
2,414
1,218
4,405
1,014
36,1 95
16,257
8,468
1,578
8,559
1,333
34,3 40
20,376
2,874
2,563
5,901
2,626
19,342
10,726
2,277
1,352
4,254
733
29,9 99
15,911
3,632
2,180
6,881
1,394
51,0 85
28,734
4,306
3,074
12,685
2,286
67,5 22
40,342
6,180
4,566
14,268
2,166
40,0 06
19,313
4,842
3,587
9,675
2,589
Far W est...................................
A laska...................................
C a lifo rn ia .............................
H aw aii...................................
Nevada..................................
O regon..................................
W ashington.........................
45
1
39
32
26
14
1,828,052
27,747
1,344,623
42,364
74,745
118,637
219,937
33,898
433
24,587
509
582
3,066
4,722
17,350
6,041
9,233
44
1,392
159
481
83,651
1,266
55,472
1,853
7,399
6,365
11,296
252,629
1,073
189,962
1,296
3,066
30,608
26,625
135,717
4,401
94,183
4,288
5,924
8,199
18,722
117,080
837
87,392
1,602
3,386
8,521
15,341
167,165
1,858
121,300
4,663
7,920
9,630
21,795
374,507
2,852
293,110
9,520
13,379
16,768
38,877
439,917
3,690
328,274
9,515
24,131
21,218
53,089
206,137
5,296
141,109
9,074
7,566
14,102
28,990
M ideast....................................
Delaware..............................
D istrict of C olum bia..........
M aryland..............................
New Je rse y .........................
New Y o rk .............................
Pennsylvania.......................
22
44
11
38
42
49
43
N o te . Totals shown tor the United States differ from the national income and product account estimates of gross
domestic product (GDP) because GSP is derived from gross domestic income, which differs from GDP by the statistical
discrepancy. In addition, GSP excludes and GDP includes the compensation of Federal civilian and military personnel
stationed abroad and government consumption of fixed capital for military structures located abroad and for military
equipment, except office equipment. Also, GSP and GDP have different revision schedules,
Source: This table reflects the GSP estimates for 2000 that were released on June 10, 2002. Detailed estimates are
available on BEA’s Web site at <www.bea.gov> under "State and local area data.”
K. L o c al A re a T ab le
Table K.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 1998-2000
Personal incom e
Per capita personal in c o m e 1
Percent
chan g e 2
ns of dollars
1999
2000
,769,367
,622,851
,146,516
8,314,032
7,103,560
1,210,472
298,505
57,245
85,770
160,079
85,196
169,368
142,509
1999-
Rank
in
U.S.
Dollars
Area nam e
1998
1999
2000
7.0
7.3
5.6
26,893
28,528
20,277
27,843
29,569
20,822
29,469
31,332
21,847
316,620
60,249
89,742
174,907
94,440
178,609
155,001
6.1
5.2
4.6
9.3
10.9
5.5
8.8
31,878
28,078
28,294
30,167
31,947
29,973
30,405
32,820
29,075
29,115
31,267
33,652
31,114
30,982
34,506
30,384
30,464
33,289
36,370
32,694
33,025
451,458
98,951
51,775
482,176
105,353
54,331
6.8
6.5
4.9
26,909
25,637
29,698
27,892
25,937
30,734
29,329
27,033
32,137
774,361
836,234
8.0
35,723
36,956
39,568
D ubuque,IA.............................................
194,772
64,272
50,012
206,743
69,210
54,157
6.1
7.7
8.3
30,592
27,732
26,894
31,598
28,687
28,299
33,377
30,453
29,951
Duluth-Superior, M N - W I...................
Dutchess County, N Y * .........................
Eau Claire, W l.........................................
283,762
121,281
328,725
127,818
15.8
5.4
37,277
32,207
40,660
34,412
46,586
35,877
El Paso, T X ..............................................
Elkhart—Goshen, IN ...............................
Elmira, N Y ...............................................
2000
283,865
8.0
33,416
34,955
37,168
2,964
19,186
2,635
24,816
17,372
2,901
17,530
3,031
5,047
8,599
18,414
2,369
9,545
5,706
3,407
126,048
10,373
2,021
10,817
36,972
12,921
77,608
3,244
7,430
14,542
8,798
3,707
3,096
20,194
2,770
26,233
18,503
3,006
18,614
3,165
5,333
9,108
19,765
2,364
10,179
6,032
3,589
136,832
10,954
2,135
11,389
40,483
13,787
82,502
3,426
8,128
15,176
9,146
3,876
4.5
5.3
5.1
5.7
6.5
3.6
6.2
4.4
5.7
5.9
7.3
-0 .2
6.6
5.7
5.3
8.6
5.6
5.6
5.3
9.5
6.7
6.3
5.6
9.4
4.4
3.9
4.6
22,971
26,893
21,313
27,587
24,043
22,509
26,606
22,284
23,404
32,668
31,002
20,146
25,858
25,142
22,001
30,121
29,262
17,466
22,320
28,382
19,559
29,354
21,605
32,223
23,787
22,974
22,048
23,460
27,680
21,864
28,392
24,598
23,006
27,593
23,361
23,387
33,156
32,312
20,620
26,864
25,506
22,542
31,435
29,420
17,901
22,800
30,659
19,714
30,551
22,387
33,932
24,312
22,851
22,525
24,487
29,023
22,920
29,942
25,894
23,777
29,146
24,533
24,429
34,950
33,987
21,232
28,332
26,618
23,311
33,013
30,824
18,484
23,816
32,039
20,767
32,265
23,653
36,417
25,117
23,756
23,133
214
90
267
71
164
239
88
210
217
24
32
298
10?
144
253
37
63
313
236
44
304
42
242
20
190
240
261
4,018
53,692
3,179
8,027
4,171
58,721
3,376
8,429
3.8
9.4
6.2
5.0
23,776
38,142
24,285
21,773
24,799
39,239
24,697
22,234
25,659
42,726
26,057
23,097
1 /0
4
160
262
5,959
25,652
6,244
26,814
4.8
4.5
22,798
26,791
23,575
27,966
24,779
29,057
198
89
2,272
2,779
4,212
11,091
2,426
2,955
4,475
12,349
6.8
6.3
6.2
11.3
23,487
22,308
26,819
25,483
24,107
23,098
28,244
26,343
25,586
24,503
29,670
28,329
212,497
10,392
5,625
5,636
235,164
11,521
6,014
5,916
10.7
10.9
6.9
5.0
33,411
34,181
22,984
23,777
35,287
36,347
23,675
24,568
4,683
2,856
30,160
5,514
10,086
1,917
5,718
4,296
12,686
6,698
5,023
3,058
31,371
5,904
10,523
2,137
6,089
4,554
13,463
7,014
7.3
7.1
4.0
7.1
4.3
11.5
6.5
6.0
6.1
4.7
13,919
18,708
25,043
26,791
24,258
28,117
29,112
23,329
22,074
25,925
43,205
4,598
11,761
2,178
46,600
4,947
12,472
2,291
7.9
7.6
6.0
5.2
276,206
4,280
48,408
4,290
66,584
13,738
3,436
14,089
6,489
44,389
8,409
292,932
4,549
50,946
4,619
69,549
14,957
3,646
14,932
6,823
47,299
8,879
6.1
6.3
5.2
7.7
4.5
8.9
6.1
6.0
5.1
6.6
5.6
Percent
chan g e 2
M illions of dollars
1999-
J.S.
1998
000
27,327
19,190
31,840
81
305
23
5.2
19,461
303
4.8
3.9
6.1
2.9
3.3
11.0
4.7
25,824
26,572
21,519
22,707
25,353
32,532
29,503
134
99
276
228
124
18
53
5.4
4.3
5.7
30,410
21,566
22,348
36
259
238
2,287
5.2
24,481
172
6,339
8,687
3,785
6.0
9.1
5.6
23,893
28,160
23,435
162
57
178
5.5
5.0
17,318
24,578
312
149
6.4
22,711
191
1998
1999
2000
Corvallis, OR............................................
Cumberland, M D -W V ..........................
Dallas, T X * ..............................................
2,157
1,971
106,605
2,196
2,010
113,699
2,291
2,102
124,705
Danville, V A .............................................
2,150
2,199
2,314
Davenport-Moline-Rock Island,
IA -IL ....................................................
Dayton—Springfield, O H .......................
Daytona Beach, FL................................
Decatur, A L ..............................................
Decatur, IL ...............................................
Denver, C O *.............................................
Des Moines, IA ......................................
9,260
25,427
10,308
3,274
2,927
65,598
13,074
9,250
26,056
10,587
3,423
3,049
70,982
13,700
9,690
27,084
11,232
3,521
3,150
78,793
14,340
Detroit, M l * .............................................
Dothan, AL...............................................
Dover, DE..................................................
134,925
2,943
2,772
140,283
3,071
2,862
147,828
3,202
3,025
2,173
2,174
5,789
7,710
3,432
5,978
7,964
3,584
11,624
4,372
11,988
4,627
12,643
4,857
2,085
2,145
2,281
2000
262,832
P ere a
Personal incom e
2000
4.3
4.6
9.7
Enid, OK.....................................................
1,328
1,326
1,373
3.5
22,841
237
6,504
7,590
7,640
4,258
6,862
6,356
2,432
10,470
2,877
2,790
6,219
43,721
10,924
8,644
4,113
4,093
12,805
43,532
17,465
2,072
4,938
6,251
15,702
2,698
2,217
2,264
2,562
6,649
7,904
7,896
4,535
7,105
6,806
2,528
10,672
2,956
2,902
6,670
44,556
11,196
8,932
4,319
4,254
13,195
46,380
18,462
2,119
5,063
6,387
16,146
2,751
2,222
2,264
2,709
6,944
8,271
8,310
4,720
7,542
7,306
2,700
11,017
3,060
3,085
7,376
47,997
11,834
9,367
4,625
4,530
13,878
50,202
19,556
2,219
5,347
6,660
17,196
2,893
2,443
2,388
2,885
4.4
4.6
5.2
4.1
6.2
7.4
6.8
3.2
3.5
6.3
10.6
7.7
5.7
4.9
7.1
6.5
5.2
8.2
5.9
4.7
5.6
4.3
6.5
5.2
9.9
5.5
6.5
23,082
23,744
25,940
24,914
22,912
21,588
20,111
24,171
20,254
22,336
25,830
28,015
25,893
27,779
20,384
24,363
25,924
26,729
19,454
19,852
23,217
25,446
24,947
21,856
19,543
22,657
22,738
199
175
108
133
193
251
288
186
295
211
87
80
142
85
282
148
118
82
301
294
212
145
129
256
292
208
201
27,695
1,881
3,521
6,102
28,933
1,896
3,822
6,365
30,550
1,978
4,126
6,659
5.6
4.3
8.0
4.6
26,095
23,304
21,144
27,442
202
278
83
32,570
2,936
33,716
2,911
35,799
3,299
6.2
13.3
26,716
22,499
98
207
174
213
74
103
Erie, PA......................................................
Eugene—Springfield, OR.......................
Evansville-Henderson, IN—
KY.......
Fargo-Moorhead, N D -M N ..................
Fayetteville, N C .......................................
Fayetteville—Springdale—Rogers, AR
Flagstaff, A Z -U T ....................................
Flint, M l * ..................................................
Florence, AL.............................................
Florence, S C ............................................
Fort Collins—Loveland, C O ..................
Fort Lauderdale, F L *.............................
Fort Myers-Cape Coral, F L ................
Fort Pierce—Port St. Lucie, FL...........
Fort Smith, A R -O K ...............................
Fort Walton Beach, F L .........................
Fort Wayne, IN ........
Fort Worth—Arlington, T X * ................
Fresno, CA ...............
Gadsden, A L ...........
Gainesville, F L ........................................
Galveston-Texas City, T X *..................
Gary, I N * .................
Glens Falls, N Y ......
Goldsboro, N C ........
Grand Forks, N D - M N ..........................
Grand Junction, CO
Grand Rapids-Muskegon-Holland,
M l .........................................................
Great Falls, M T .......................................
Greeley, C O *............................................
Green Bay, W l.........................................
G reensboro-Winston-Salem -High
Point, NC.............................................
Greenville, N C .........................................
Greenville-Spartanburg-Anderson,
S C .........................................................
Hagerstown, M D * ..................................
Hamilton-Middletown, O H *...............
Harrisburg—Lebanon—Carlisle, PA....
21,965
2,945
8,397
17,221
22,964
3,012
8,837
17,838
24,403
3,206
9,303
18,653
6.3
6.5
5.3
4.6
23,404
22,570
25,580
27,505
184
221
114
76
38,758
39,347
24,723
25,443
16
14
200
179
Hartford, CT (N E C M A ).........................
Hattiesburg, M S .....................................
Hickory-Morganton-Lenoir, N C ......
Honolulu, H I ............................................
37,637
2,195
7,725
24,914
39,103
2,288
8,092
25,263
41,761
2,393
8,633
26,235
6.8
4.6
6.7
3.8
33,179
20,035
23,209
28,091
21
296
189
70
14,179
19,015
25,710
27,985
24,783
28,920
30,106
24,049
23,227
26,523
14,906
20,033
26,846
29,611
25,863
32,112
31,686
25,331
24,458
27,898
317
308
139
77
165
43
50
182
216
113
Houma, LA...............................................
Houston, T X * ..........................................
Huntington-Ashland, W V -K Y -O H ...
Huntsville, A L .........................................
Indianapolis, I N .....................................
Iowa City, IA ............................................
Jackson, M l .............................................
Jackson, M S ............................................
Jackson, T N .............................................
Jacksonville, F L .....................................
4,031
124,991
6,247
8,576
44,755
2,888
3,514
10,716
2,404
28,638
3,970
130,497
6,348
8,881
46,852
3,058
3,704
11,095
2,512
29,383
4,185
142,327
6,653
9,471
49,836
3,276
3,865
11,666
2,674
31,413
5.4
9.1
4.8
6.6
6.4
7.1
4.3
5.1
6.4
6.9
20,817
31,136
19,709
25,483
28,589
26,788
22,524
24,692
22,969
26,673
293
33
302
119
59
79
219
151
196
28,212
28,927
24,477
25,674
29,360
29,223
25,422
26,885
30,901
30,875
26,781
28,035
60
62
140
109
3,166
2,821
3,683
14,950
3,284
2,842
3,780
15,660
3,433
2,959
3,918
16,760
4.5
4.1
3.7
7.0
21,000
20,036
24,416
24,990
270
299
169
122
32,665
20,433
28,582
20,168
28,723
25,874
25,094
25,621
22,694
27,896
21,646
33,632
21,262
29,551
20,938
29,557
26,988
25,623
26,519
23,694
29,114
22,029
35,336
22,325
30,891
22,250
30,909
28,804
26,851
27,741
24,813
30,619
23,323
22
279
61
281
58
92
138
116
197
66
250
Jacksonville, N C ....................................
Jamestown, N Y .....
Janesville—Beloit, W l ...........................
Jersey City, N J * .....................................
Johnson City—Kingsport—Bristol,
T N -V A ..................
Johnstown, P A .......................................
Jonesboro, A R ........................................
Joplin, M O ...............................................
Kalamazoo-Battle Creek, M l..............
K ankakee,IL *.........................................
Kansas City, M O -K S .............................
Kenosha, W l * .........................................
Killeen—Temple, T X ...............................
Knoxville, T N ..........................................
Kokomo, I N .............................................
9,857
4,865
1,615
3,224
11,108
2,302
50,305
3,620
6,365
16,490
2,654
10,121
5,069
1,699
3,351
11,333
2,358
53,017
3,795
6,759
17,021
2,784
10,712
5,262
1,793
3,505
11,759
2,494
56,591
3,998
7,132
18,153
2,918
5.8
3.8
5.5
4.6
3.8
5.8
6.7
5.3
5.5
6.7
4.8
20,756
20,634
20,154
20,928
24,700
22,297
28,865
24,731
20,671
24,441
26,292
280
275
290
283
163
230
48
143
273
153
95
110
100
Regional D ata
D -70
February 2003
Table K.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 1998-2000— Continued
Per capita personal in c o m e 1
P ersonal incom e
P ercent
c hang e2
M illions of dollars
Area nam e
1998
1999
19992000
1999
2000
2000
24,438
21,511
22,738
21,841
21,469
25,806
24,474
14,053
16,376
26,320
20,941
19,771
22,463
26,121
22,894
26,611
25,598
22,492
27,208
27,866
22,851
22,169
25,100
21,219
23,179
22,103
21,919
26,706
25,780
14,347
16,705
26,985
21,461
20,235
23,333
26,975
23,909
27,717
26,327
22,804
28,111
28,670
23,235
22,976
26,165
22,210
24,330
22,701
23,285
28,195
26,895
15,114
17,321
27,558
22,747
21,332
24,045
28,597
24,890
28,752
27,417
23,992
29,522
30,191
24,613
24,141
156
284
220
272
255
106
136
316
314
121
271
297
229
97
194
94
126
232
78
68
205
226
Macon, G A ...............................................
7,490
7,814
8,234
5.4
23,505
24,357
25,474
177
Madison, W l.............................................
Mansfield, OH..........................................
McAllen—Edinburg—Mission, T X ........
Medford-Ashland, O R ..........................
Melbourne—Titusville—Palm Bay, FL..
Memphis, T N -A R -M S ..........................
13,090
3,826
6,720
4,005
11,116
30,687
13,737
3,908
7,105
4,246
11,374
31,775
14,679
4,101
7,659
4,468
12,261
33,329
6.9
4.9
7.8
5.2
7.8
4.9
31,152
21,746
12,492
22,670
23,772
27,625
32,456
22,156
12,782
23,687
24,090
28,222
34,301
23,347
13,344
24,563
25,650
29,275
30
249
318
209
171
84
Merced, CA................................................
Miami, F L * ...............................................
Middlesex-Som erset-Hunterdon,
N J * ........................................................
Milwaukee-Waukesha, W l* ................
Minneapolis-St. Paul, M N -W I...........
Missoula, M T............................................
Mobile, A L .................................................
Modesto, CA.............................................
Monmouth-Ocean, N J *........................
Monroe, L A ..............................................
Montgomery, AL.....................................
Muncie, IN .................................................
Myrtle Beach, S C....................................
Naples, F L .................................................
Nashville, T N ............................................
Nassau-Suffolk, N Y *.............................
New H aven-B ridgeport-Stam fordDanbury-Waterbury, C T *...............
New London-Norwich, CT (NECMA)
New Orleans, LA.....................................
New York, N Y * ........................................
3,545
52,180
3,742
54,395
3,924
57,356
4.9
5.4
17,528
23,935
18,100
24,492
18,536
25,320
311
183
43,472
44,776
96,082
2,093
11,393
9,178
35,161
3,109
7,860
2,735
4,043
8,951
34,143
101,028
45,564
46,566
101,215
2,161
11,774
9,650
36,478
3,258
8,251
2,813
4,309
9,538
35,748
105,063
49,749
48,860
109,236
2,315
12,280
10,302
39,362
3,396
8,584
2,952
4,616
10,198
38,263
111,360
9.2
4.9
7.9
7.1
4.3
6.8
7.9
4.2
4.0
5.0
7.1
6.9
7.0
6.0
38,155
30,032
33,308
22,307
21,378
21,407
31,952
21,055
23,899
22,889
21,737
38,357
28,598
37,229
39,393
31,122
34,518
22,802
21,930
22,001
32,721
22,135
24,915
23,683
22,461
38,916
29,429
38,387
42,392
32,538
36,666
24,111
22,677
22,889
34,812
23,061
25,740
24,877
23,315
40,121
30,962
40,353
5
39
19
227
274
268
28
265
167
195
252
10
56
9
71,036
7,690
33,225
321,204
74,358
7,918
33,710
337,522
79,510
8,235
34,842
365,961
6.9
4.0
3.4
8.4
42,134
29,967
24,878
35,123
43,806
30,741
25,187
36,504
46,542
31,745
26,056
39,259
3
49
161
15
72,871
9,167
75,398
9,590
81,529
10,211
8.1
6.5
36,321
24,411
37,298
25,125
40,061
26,211
37,362
78,163
5,251
6,287
24,684
5,055
20,377
87,686
38,426
2,038
3,274
3,320
8,788
9,219
156,407
77,874
1,575
66,086
3,726
1,469
7,649
53,544
38,836
84,680
5,448
5,994
25,793
5,267
21,682
92,823
40,731
2,086
3,345
3,421
9,038
9,360
162,631
82,677
1,606
68,840
3,817
1,523
8,026
56,273
41,180
95,167
5,780
6,414
27,606
5,513
22,895
99,583
43,921
2,220
3,483
3,567
9,522
9,689
172,229
90,309
1,670
72,206
4,051
1,597
8,447
60,856
6.0
12.4
6.1
7.0
7.0
4.7
5.6
7.3
7.8
6.5
4.1
4.3
5.4
3.5
5.9
9.2
4.0
4.9
6.1
4.9
5.3
8.1
24,154
33,581
20,996
25,995
23,226
25,018
28,932
31,619
24,508
22,421
22,274
21,826
21,491
26,532
30,868
25,329
18,619
27,806
27,445
19,629
29,309
28,700
24,929
35,819
21,367
24,968
23,969
25,711
30,459
32,963
25,330
22,837
22,575
22,565
22,043
26,893
31,985
26,013
19,080
29,096
28,226
20,162
30,408
29,672
25,106
6,142
2,861
3,253
5,076
33,005
2,100
9,620
3,605
26,176
6,551
2,985
3,331
5,209
35,371
2,209
9,934
3,781
27,693
7,089
3,146
3,511
5,470
38,912
2,340
10,509
4,032
5.8
8.2
5.4
5.4
5.0
10.0
5.9
5.8
6.6
26,519
17,380
20,780
23,638
27,042
29,253
24,056
26,208
22,247
27,393
18,114
21,291
23,751
27,654
30,443
25,090
26,781
23,339
Newark, N J *.....
Newburgh, NY-PA*
Norfolk—Virginia Beach-Newport
News, VA-NC
Oakland, CA*....
Ocala, F L ...........
Odessa-Midland, T X .............................
Oklahoma City, OK
Olympia, W A * .
Omaha, N E-IA .
Orange County, CA*
Orlando, FL.......
Owensboro, KY
Panama City, FL
Parkersburg-Marietta, W V -O H .........
Pensacola, FL..,
Peoria—Pekin, IL
Philadelphia, P A -N J * ............................
Phoenix-Mesa, AZ
Pine Bluff, AR...
Pittsburgh, PA.
Pittsfield, MA (NECMA)
Pocatello, ID .............................................
Portland, ME (NECM A).........................
Portland-Vancouver, O R -W A *..........
Providence-W arwick-Pawtucket, Rl
(N ECM A)..............................................
Provo-Orem , U T ....................................
Pueblo, C O ................................................
Punta Gorda, F L .....................................
Racine, W l * ..............................................
Raleigh-Durham-Chapel Hill, NC .....
Rapid City, S D .........................................
Reading, PA..............................................
Redding, C A .............................................
3,064
8,201
4,093
3,988
10,122
11,981
10,949
2,572
2,818
37,556
2,043
2,285
2,316
12,170
3,555
6,509
14,634
4,677
253,406
28,201
5,475
4,704
3,323
8,572
4,455
4,166
11,306
13,298
12,050
2,945
3,032
43,615
2,278
2,443
2,497
13,743
3,864
7,217
16,045
5,009
281,835
31,008
5,978
5,194
5.0
5.2
5.9
2.8
7.9
6.4
4.5
8.6
4.4
7.5
6.7
4.0
3.5
7.5
4.4
5.2
5.3
5.2
6.2
6.0
6.9
5.8
1998
Area nam e
Reno, N V ..................................................
Richland-Kennewick-Pasco, W A ....
Richmond-Petersburg, V A ................
Riverside-San Bernardino, C A *.......
Roanoke, VA
Rochester, M N ........................................
Rochestei, NY
Rockford, I L ............................................
Rocky Mount, N C ..................................
Sacramento, C A *...................................
Saginaw-Bay City—Midland, M l ........
St. Cloud, MN
St. Joseph, M O .......................................
St. Louis, M O -IL ...................................
Salem, OR*
Salinas, CA
Salt Lake City—Ogden, U T ...................
San Angelo, TX
San Antonio, TX .....................................
San Diego, CA
San Francisco, C A * ..............................
San Jose, CA*
San Luis Obispo-Atascadero-Paso
Robles, C A .........................................
Santa Barbara-Santa M ariaLompoc, C A .......................................
Santa Cruz-Watsonville, C A * ...........
Santa Fe, N M ..........................................
Santa Rosa, CA*
Sarasota-Bradenton, F L .....................
Savannah, GA..
Scranton-W ilkes-Barre-Hazleton,
P A .........................................................
Seattle—Bellevue—Everett, W A * .........
La Crosse, W I-M N .................................
Lafayette, L A ............................................
Lafayette, IN .............................................
Lake Charles, LA.....................................
Lakeland-Winter Haven, FL................
Lancaster, PA............................................
Lansing-East Lansing, M l...................
Laredo, TX .................................................
Las Cruces, N M .......................................
Las Vegas, NV-AZ
Lawrence, K S ..........................................
Lawton, OK
Lewiston-Auburn, ME (N E C M A )......
Lexington, KY
Lima, OH
Lincoln, NE
Little Rock-North Little Rock, AR .....
Longview-Marshall, T X ........................
Los Angeles-Long Beach, C A *..........
Louisville, KY—IN ....................................
Lubbock, TX
Lynchburg, VA.........................................
3,164
8,151
4,205
4,054
10,478
12,495
11,526
2,712
2,905
40,561
2,135
2,349
2,413
12,785
3,702
6,858
15,240
4,764
265,291
29,247
5,594
4,910
2000
Rank
in
U.S.
Dollars
Percent
c h an g e 2
M illions o f dollars
1998
1999
2000
10,552
4,150
27,932
66,827
6,288
3,622
29,626
9,165
3,250
42,528
10,028
3,700
2,204
75,458
7,574
10,442
31,226
2,338
36,977
78,156
78,465
66,666
11,195
4,269
29,358
71,205
6,493
3,867
30,133
9,419
3,080
45,671
10,320
3,826
2,303
77,468
7,999
11,127
32,672
2,404
38,704
84,493
85,983
76,769
11,911
4,598
31,271
76,593
6,883
4,151
31,213
9,769
3,524
49,567
10,772
4,067
2,455
81,709
8,354
11,970
34,868
2,520
41,169
91,850
99,425
92,880
19992000
6.4
7.7
6.5
7.6
6.0
7.3
3.6
3.7
14.4
8.5
4.4
6.3
6.6
5.5
4.4
7.6
6.7
4.8
6.4
8.7
15.6
21.0
Rank
in
U.S.
Dollars
1998
1 99 9
2000
32,502
22,279
28,635
21,500
26,766
30,171
27,024
25,083
22,739
27,086
24,846
22,650
21,715
29,184
22,391
26,919
23,953
22,475
23,903
28,558
45,683
40,185
33,636
22,582
29,744
22,325
27,579
31,547
27,488
25,570
21,488
28,509
25,590
23,124
22,601
29,855
23,253
28,081
24,738
23,136
24,612
30,289
49,830
45,928
34,879
23,872
31,292
23,350
29,181
33,283
28,419
26,253
24,629
30,252
26,733
24,210
23,944
31,354
24,000
29,695
26,075
24,235
25,741
32,515
57,414
55,157
25
235
54
248
86
35
101
154
204
67
141
224
234
52
231
73
159
223
166
41
1
2
2000
5,869
6,231
6,669
7.0
24,453
25,592
26,932
135
11,416
7,686
4,226
13,452
19,092
7,316
12,132
8,398
4,395
14,202
19,594
7,601
13,085
9,610
4,626
16,046
20,503
8,008
7.9
14.4
5.2
13.0
4.6
5.4
28,920
30,636
29,261
30,168
33,319
25,362
30,567
33,107
30,007
31,321
33,672
26,066
32,734
37,567
31,249
34,863
34,577
27,289
38
17
55
26
29
128
14,638
84,997
14,950
93,159
15,708
98,384
5.1
5.6
23,206
35,880
23,827
38,858
25,191
40,686
188
8
Sharon, P A ..............................................
Sheboygan, W l.......................................
Sherman-Denison, T X .........................
Shreveport-Bossier City, LA ..............
Sioux City, IA -N E ...................................
Sioux Falls, S D .......................................
South Bend, IN .......................................
Spokane, W A ..........................................
Springfield, IL .........................................
Springfield, M O .....................................
Springfield, MA (NECM A)...................
State College, PA...................................
Steubenville—Weirton, O H -W V .........
Stockton-Lodi, CA................................
2,559
2,895
2,306
8,780
2,933
4,671
6,727
9,650
5,541
7,296
15,250
3,080
2,751
11,542
2,623
3,031
2,426
9,031
2,974
4,958
6,930
9,977
5,695
7,561
15,780
3,251
2,785
12,297
2,774
3,190
2,597
9,404
3,091
5,322
7,261
10,692
5,976
8,000
16,832
3,428
2,891
13,209
5.8
5.3
7.1
4.1
3.9
7.3
4.8
7.2
4.9
5.8
6.7
5.4
3.8
7.4
21,107
25,852
21,546
22,529
23,791
28,406
25,495
23,336
27,466
23,032
25,173
22,871
20,426
21,364
21,720
27,039
22,218
23,083
24,008
29,413
26,156
24,015
28,286
23,510
25,990
24,026
20,893
22,261
23,080
28,278
23,400
23,972
24,902
30,675
27,335
25,550
29,651
24,473
27,653
25,237
21,969
23,242
263
104
247
233
192
64
127
176
75
215
117
185
289
258
1,964
17,807
16,548
6,569
2,040
18,316
17,219
6,864
2,148
19,126
18,004
7,237
5.3
4.4
4.6
5.4
18,620
24,260
24,371
23,649
19,464
25,010
24,859
24,429
20,493
26,130
25,587
25,382
306
158
173
181
11
155
Sumter, S C ..............................................
Syracuse, N Y ..........................................
Tacoma, W A * .........................................
Tallahassee, F L .......................................
Tam pa-St. Petersburg-Clearwater,
FL...
Terre Haute IN
61,218
3,173
63,331
3,265
67,824
3,424
7.1
4.9
26,197
21,192
26,732
21,844
28,214
22,977
105
266
26,159
39,611
22,191
27,139
25,436
26,460
31,866
34,862
26,523
24,238
23,479
23,610
23,063
27,908
33,742
27,564
19,826
30,644
30,054
21,141
31,773
31,620
157
13
285
131
180
150
46
27
147
222
246
244
264
111
34
120
309
65
69
300
47
51
Texarkana, TX-Texarkana, A R...........
Toledo, OH
Topeka, KS
Trenton, N J * ............................................
Tucson, AZ
Tulsa, OK
Tuscaloosa, A L .......................................
Tyler, TX
Utica-Rom e, N Y ....................................
Vallejo—Fairfield—Napa, C A *...............
Ventura, C A * ..........................................
Victoria, T X ..............................................
Vineland—Millville—Bridgeton, N J * ...
Visal ia—Tu Iare—Porterv iMe, CA...........
Waco, T X ..................................................
Washington, D C -M D -V A -W V * ........
W aterloo-Cedar Falls, IA ....................
Wausau, W l .............................................
West Palm Beach-Boca Raton, FL...
Wheeling, W V -O H ................................
Wichita, KS..............................................
Wichita Falls, T X ....................................
2,564
15,919
4,369
12,521
18,089
21,450
3,605
4,389
6,583
12,820
20,632
2,025
3,126
6,631
4,467
170,533
2,966
3,088
42,948
3,324
14,502
3,252
2,673
16,490
4,478
13,071
19,037
21,984
3,753
4,518
6,764
13,731
22,140
2,078
3,182
6,972
4,705
182,212
2,946
3,209
44,169
3,382
14,638
3,341
2,808
17,011
4,724
14,385
20,117
23,157
3,903
4,810
7,038
15,597
24,166
2,231
3,412
7,396
4,897
198,156
3,116
3,381
46,589
3,541
15,236
3,537
5.0
3.2
5.5
10.1
5.7
5.3
4.0
6.5
4.0
13.6
9.2
7.3
7.2
6.1
4.1
8.8
5.8
5.3
5.5
4.7
41
5.9
19,916
25,739
25,799
36,397
22,239
27,244
22,062
25,662
21,897
25,628
28,232
24,305
21,421
18,426
21,293
35,871
23,216
24,782
39,182
21,368
26,868
23,143
20,647
26,667
26,418
37,512
22,967
27,529
22,826
26,152
22,557
26,888
29,783
24,748
21,748
19,117
22,241
37,588
23,053
25,591
39,545
21,926
26,908
23,746
21,636
27,521
27,784
40,954
23,705
28,775
23,652
27,421
23,505
29,880
31,919
26,533
23,303
20,043
22,878
40,046
24,373
26,860
41,007
23,170
27,904
25,208
291
123
115
7
241
93
243
125
245
72
45
146
254
307
269
12
218
137
6
260
112
187
28,709
19,128
22,174
24,650
28,949
32,537
26,361
28,078
24,606
96
310
286
203
91
40
152
107
206
Williamsport, PA....................................
W ilm ington-Newark, D E -M D * .........
Wilmington, N C .....................................
Yakima, WA
Yolo, CA*
York, PA
Youngstown-W arren, O H ...................
Yuba City, CA
Yuma, A Z..................................................
2,563
17,935
5,363
4,551
4,049
9,518
13,592
2,717
2,445
2,632
18,587
5,625
4,593
4,341
9,805
13,926
2,983
2,491
2,788
20,149
6,034
4,906
4,589
10,387
14,356
3,158
2,578
5.9
8.4
7.3
6.8
5.7
5.9
3.1
5.9
3.5
21,257
31,301
23,777
20,709
25,035
25,328
22,649
19,828
16,404
21,904
32,010
24,443
20,730
26,265
25,877
23,312
21,600
16,004
23,252
34,262
25,738
22,022
27,038
27,142
24,173
22,624
16,002
257
31
168
287
132
130
225
277
315
1. Per capita personal income was computed using Census Bureau midyear population estimates. Estimates
tor 1998-2000 reflect county population estimates available as of April 2002.
2. Percent change calculated from unrounded data.
3. The personal income level shown for the United States is derived as the sum of the county estimates. It
differs from the estimate of personal income in the national income and product accounts (NIPA’s) because of
differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability
of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of
P er capita personal in c o m e 1
Personal incom e
Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by
private U.S. firms.
4. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's designated by *),
and New England County Metropolitan Areas (NECMA’s). The New Haven-Bridgeport-Stamford-Danbury-Waterbury, CT NECMA is presented as a PMSA (part of the New York CMSA).
Source: Table 1 in “ Local Area Personal Income, 1998-2000” in the May 2002 issue of the S u r v e y o f C u r r e n t
B u s in e s s .
February 2003
D-71
L. C h a rts
SELECTED REGIONAL ESTIMATES
AVERAGE ANNUAL GROW TH RATE O F PERSONAL INCOME, 1991-2001
STATES W ITH FASTEST GROWTH
U.S^average
Nevada
Colorado
Arizona
Georgia
Utah
Idaho
Texas
North Carolina
New Hampshire
W ashington
1
U.S. Bureau of Economic Analysis
2
3
4
5
Percent
6
7
8
9
1
2
3
4
5
Percent
6
7
8
9
D-72
Regional Data
SELECTED REGIONAL ESTIMATES
U.S. Bureau of Economic Analysis
February 2003
February 2003
D -7 3
Appendix A
Additional Information About the NIPA Estimates
S ta tis tic a l C o n v e n tio n s
Changes in current-dollar GDP measure changes in the
market value of goods and services produced in the econ
omy in a particular period. For many purposes, it is nec
essary 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 avail
able.)
The annual changes in quantities and prices are calcu
lated using a Fisher formula that incorporates weights
from 2 adjacent years. For example, the annual percent
change in real GDP in 1997-98 uses prices for 1997 and
1998 as weights, and the 1997-98 annual percent change
in the GDP price index uses quantities for 1997 and 1998
as weights. Because the Fisher formula allows for the
effects of changes in relative prices and in the composi
tion 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 calcu
lated using a fixed-weighted formula.1 These annual
changes are “chained” (multiplied) together to form time
series of quantity and price; the percent changes that are
calculated from these time series are not affected by the
choice of reference period.
The quarterly changes in quantities and prices are cal
culated with weights from two adjacent quarters. As part
of an annual or comprehensive revision, the quarterly
indexes through the most recent complete year are
adjusted to ensure that the average of the quarterly
indexes conforms to the corresponding annual index.
In addition, BEA prepares measures of real GDP and
its components in a dollar-denominated form, desig
nated “chained (1996) dollar estimates.” These estimates
are computed by multiplying the 1996 current-dollar
value of GDP, or of a GDP component, by the corre
sponding quantity index number. For example, if a cur
rent-dollar GDP component equaled $100 in 1996 and if
real output for this component increased by 10 percent in
1997, then the “chained (1996) dollar” value of this com
ponent in 1997 would be $110 ($100x1.10). Note that
percentage changes in the chained (1996) dollar estimates
and the percentage changes calculated from the quantity
indexes are identical, except for small differences due to
rounding.
Because of the formula used for calculating real GDP,
the chained (1996) dollar estimates for detailed GDP
components do not add to the chained-dollar value of
GDP or to any intermediate aggregates. A “residual” line
is shown as the difference between GDP and the sum of
the most detailed components shown in each table. The
residual generally is small close to the base period but
tends to become larger as one moves further from it.
Accurate measures of component contributions to the
percentage changes in real GDP and its major compo
nents are shown in NIPA tables 8.2-8.6.
BEA also publishes the “implicit price deflator” (IPD),
which is calculated as the ratio of current-dollar value to
the corresponding chained-dollar value, multiplied by
100; the values of the IPD and of the corresponding
“chain-type” price index are very close.
For quarters and months, the estimates are presented
at annual rates, which show the value that would be regis
tered 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 exam
ple, quarters and years— may be compared easily. These
annual rates are determined simply by multiplying the
estimated rate of activity by 4 (for quarterly data) or by
12 (for monthly data).
Percent changes in the estimates are also expressed at
annual rates. Calculating these changes requires a variant
of the compound interest formula:
where r is the percent change at an annual rate; xt is the
level of activity in the later period; x0 is the level of activ
ity in the earlier period; m is the periodicity of the data
(for example, 1 for annual data, 4 for quarterly, or 12 for
monthly); and n is the number of periods between the
earlier and later periods (that is, t - o).
Quarterly and monthly NIPA estimates are seasonally
adjusted, if necessary. Seasonal adjustment removes from
the time series the average impact of variations that nor
mally 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, cycli
1.
In addition, because the changes in quantities and prices calculated using these
cal
and other short-term changes in the economy stand
weights are symmetric, the product of a quantity index and the corresponding price
out more clearly.
index is generally equal to the current-dollar index.
Appendix A
D -7 4
February 2003
R e c o n c ilia tio n T ab les
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
2001
BEA-derived compensation per hour of all persons in the nonfarm
business sector (less housing)1........................................................................................................
2002
2001
2002
III
IV
I
II
III
IV p
2.7
2.8
1.0
1.5
2.9
3.9
5.0
4.9
0.3
0.6
0.1
0.1
1.4
0.9
0.5
0.6
0.0
0.0
0.0
-0.5
0.2
0.1
0.1
-0.1
enterprises, unpaid family workers, and self-employed............................................................................
0.0
0.0
-0.4
0.2
0.0
0.0
0.1
-0.1
Equals. BEA-derived wages and salaries per hour of all employees in the private
nonfarm sector............................................................................................................................................
2.5
2.1
1.3
0.7
1.8
3.1
4.5
4.3
manufacturing.................................................................................................................................................
-0.1
0.0
0.0
0.2
-0.2
0.0
0.2
0.0
Less. Other differences2.................................................................................................................................
-1.5
-1.1
-2.5
-3.2
-1.0
0.7
1.1
0.9
Equals. BLS average hourly earnings of production or nonsupervisory workers on
private nonfarm payrolls...........................................................................................................................
4.1
3.2
3.8
3.8
3.0
2.4
3.2
3.4
Addendum:
BLS estimates of compensation per hour in the nonfarm business sector3.........................................
2.7
1.0
1.5
2.9
3.9
4.9
Less. Contribution of supplements to wages and salaries per hour..........................................................
Plus. Contribution of wages and salaries per hour of persons in housing and in
nonprofit institutions......................................................................................................................................
Less. Contribution of wages and salaries per hour of persons in government
Less. Contribution of wages and salaries per hour of nonproduction workers in
* 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.
BLS Bureau of Labor Statistics
Table 2. Relation of Net Exports of Goods and Services and Net Receipts of Income in the NIPA’s
to Balance on Goods and Services and Income in the ITA’s
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2000
2001
2001
II
Exports of goods and services and income receipts, ITA’s ..................................................................
Zess/Gold, ITA’s.......................................................................
Statistical differences1..................................................
Other item s.....................................................................
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
1
2
3
4
5
6
7
1,417.2
6.0
0.0
1.2
6.5
46.9
21.1
1,281.8
4.9
0.0
1.0
6.2
50.7
18.3
1,326.4
7.6
0.0
1.1
6.4
49.6
18.4
III
2002
IV
I
II
1,237.9
2.4
0.0
1.0
6.0
49.3
18.0
1,166.7
2.9
0.0
0.8
5.9
53.3
17.8
1,165.4
2.5
-0.4
0.9
4.6
56.6
18.6
1,221.0
3.5
4.2
1.1
5.5
56.6
19.8
III
1,251.5
3.6
4.5
0.9
5.1
57.7
20.6
Equals: Exports of goods and services and income receipts, NIPA’s ...............................................
8
1,484.5
1,351.1
1,392.2
1,307.8
1,240.0
1,242.2
1,294.1
1,325.9
Imports of goods and services and income payments, ITA’s ..............................................................
Z.ess.Gold, ITA’s.................................................................................................................................................
Statistical differences1
Other items......
/%/s: Gold, NIPA’s ....
Adjustment for grossing of parent/affiliate interest payments...........................................................
Adjustment for U.S. territories and Puerto R ico..................................................................................
Imputed interest paid to rest of w o rld ...................................................................................................
9
10
11
12
13
14
15
16
1,774.1
5.9
0.0
0.0
-3.2
6.5
34.0
21.1
1,625.7
4.3
0.0
0.0
-3.4
6.2
35.6
18.3
1,675.7
6.5
0.0
0.0
-3.5
6.4
36.1
18.4
1,553.8
2.2
0.0
0.0
-3.6
6.0
36.9
18.0
1,492.7
2.4
0.0
0.0
-3 .3
5.9
38.6
17.8
1,551.1
2.0
-1.2
0.0
-3.3
4.6
30.1
18.6
1,679.4
3.5
-4.9
0.0
-3.6
5.5
37.2
19.8
1,706.8
3.0
-2.6
0.0
-3.5
5.1
41.1
20.6
E quals: Imports of goods and services and income payments, NIPA’s ............................................
17
1,826.6
1,678.0
1,726.7
1,608.9
1,549.3
1,600.4
1,739.8
1,769.7
Balance on goods and services and income ITA’s (1 -9 ).......................................................................
Zess: Gold (2-10+13)...........
Statistical differences (3 -1 1 )1
Other items (4-12)......
Plus: Adjustment for U.S. territories and Puerto Rico (6-1 5 )......................................................................
18
19
20
21
22
-356.9
-3.1
0.0
1.2
12.9
-343.9
-2.8
0.0
1.0
15.1
-349.3
-2.4
0.0
1.1
13.5
-315.9
-3.4
0.0
1.0
12.4
-326.0
-2.8
0.0
0.8
14.7
-385.7
-2.8
0.8
0.9
26.5
-458.4
-3.6
9.1
1.1
19.4
-455.3
-2.9
7.1
0.9
16.6
E quals: Net exports of goods and services and net receipts of income, NIPA’s (8-17)................
23
-342.1
-326.9
-334.5
-301.1
-309.3
-358.2
-445.7
-443.8
1. Consists of statistical revisions in the NIRVs that have not yet been incorporated into the ITA's (2002:lll) and statistical revisions in the ITA’s that have not yet been incorporated into the NIPA's (2002:1-2002:111).
ITA's International transactions accounts
NIFA’s National income and product accounts
February 2003
D-75
Appendix B
Suggested Reading
The Bureau of Economic Analysis (BEA) has published a
wealth of information about the methodologies that are
used to prepare its national, industry, international, and
regional accounts. In addition, most of this information
is available on BEA’s Web site at <www.bea.gov>. Look
under “Methodologies”; for articles from the S u r v e y o f
C u r r e n t B u sin e s s , look under “Publications.”
National accounts
The national accounts encompass the detailed estimates
in the national income and product accounts (including
gross domestic product) and the estimates of wealth and
related estimates.
National income and product accounts (NIPA’s).
This series of papers documents the conceptual frame
work of the NIPA’s and the methodologies that have been
used to prepare the estimates.
An Introduction to N ational Economic Accounting
(1985) [also i n the March 1985 S u r v e y ]
Corporate Profits: Profits Before Tax, Profits Tax Liabil
ity, and Dividends (1985) [An updated version
(March 2002) is available on BEA’s Web site.]
Foreign Transactions (1987)
GNP: An Overview o f Source D ata and Estimating
M ethods (1987)
Government Transactions (1988)
Personal Consumption Expenditures (1990)
The methodologies described in these papers have
been updated and improved, typically as part of the com
prehensive and annual revisions o f the NIPA’s. For more
information, see the following.
N ational Incom e and Product Accounts o f the United
States, 1929-97 (2001) provides the definitions of the ma
jor NIPA aggregates and components, discusses the mea
sures of real output and prices, explains how production
is classified and how the NIPA’s are presented, describes
the statistical conventions that are used, and lists the
principal source data and methods that are used to pre
pare the estimates of gross domestic product (GDP). [Go
to <www.bea.gov/bea/an/nipaguid.htm>.]
Information about the sources and methods that are
used to prepare the national estimates of personal in
come, which are the basis for the State estimates, is in
State Personal Income, 1929-97 (1999).
In addition, see the following articles in the S u r v e y .
“Updated Summary NIPA Methodologies” (Octo
ber 2002) briefly describes the principal source
data and methods used to prepare the currentdollar and real estimates of GDP.
“Annual Revision of the National Income and Prod
uct Accounts” (August 2002).
“BEA’s Chain Indexes, Time Series, and Measures of
Long-Term Economic Growth” (May 1997) is
the most recent in a series of articles that
describe the conceptual basis for the chain-type
measures of real output and prices that are used
in the NIPA’s.
“Reliability of GDP and Related NIPA Estimates”
(January 2002) evaluates the principal NIPA
estimates by examining the record of revisions to
them.
Wealth and related estimates. Fixed Reproducible Tan
gible Wealth in the United States, 1925-94 (1999) dis
cusses the concepts and statistical considerations that
underlie the estimates and their derivation.
“Fixed Assets and Consumer Durable Goods for
1925-98” (April 2000) describes the definitional and sta
tistical improvements that were incorporated in the com
prehensive revision o f the estimates.
Industry accounts
The industry accounts consist of the estimates of gross
domestic product by industry, the input-output
accounts, and two satellite accounts.
Gross product by industry. “Improved Estimates of
Gross Product by Industry for 1947-98” (June 2000) de
scribes the most recent comprehensive revision o f these
estimates.
Mission Statem ent and Strategic Plan
The mission statement of the Bureau of Economic
Analysis and the latest update to its strategic plan for
improving the accuracy, reliability, and relevance of
the national, industry, regional, and international
a cco u n ts are av ailab le on BEA’s Web site at
<www.bea.gov>. See also “BEA’s Strategic Plan for
2001-2005” in the May 2002 issue of the S u r v e y o f
C u r r en t B u sin ess .
D -76
Appendix B
February 2003
“Gross Domestic Product by Industry for 1998-2000”
(November 2001) describes the most recent annual revi
sion of the these estimates.
Input-output accounts. “Benchmark Input-Output
Accounts for the U.S. Economy, 1997” (December 2002)
presents the 1997 accounts and describes the improve
ments that were incorporated.
“Annual Input-Output Accounts of the U.S. Econ
omy” presents annual tables that update the 1992 bench
mark accounts
For 1996 (January 2000)
For 1997 (January 2001)
For 1998 (December 2001)
Satellite accounts. These accounts extend the analyti
cal capacity of the input-output accounts by focusing on
a particular aspect of economic activity.
“U.S. Transportation Satellite Accounts”
For 1992 (April 1998)
For 1996 (May 2000)
“U.S. Travel and Tourism Satellite Accounts”
For 1992 (July 1998)
For 1996 and 1997 (July 2000)
Results (1998)
“A Guide to BEA Statistics on U.S. Multinational
Companies,” which is also available in the March
1995 S u r v ey
“A Guide to BEA Statistics on Foreign Direct Invest
ment in the United States,” which is also available
in the February 1990 S u r v ey
In addition, the updated methodology for foreign di
rect investment in the United States is available in Foreign
Direct Investment in the United States: Final Results From
the 1997 Benchmark Survey (2001)
International services. U.S. International Transac
tions in Private Services: A Guide to the Surveys Conducted
by the Bureau of Economic Analysis (1998) describes 11
surveys. It includes classifications, definitions, release
schedules, the methods used to prepare the estimates, and
samples of the survey forms.
“Selected Issues in the Measurement of U.S. Interna
tional Services” (June 2002) describes key issues in defin
ing and measuring insurance, wholesale and retail trade,
finance, construction, and utilities services and explores
possible actions to address these issues.
International accounts
Regional accounts
The international accounts encompass the international
transactions accounts, direct investment, and interna
tional transactions in services.
International transactions accounts (ITA’s). The Bal
ance of Payments of the United States: Concepts, Data
Sources, and Estimating Procedures (1990) describes the
methodologies used to prepare the estimates in the ITAs
and the international investment position of the United
States. These methodologies are usually updated and im
proved as part of the annual revisions of the ITAs.
The annual revisions of the ITAs are described in a se
ries of articles, the latest of which is published in the July
The regional accounts include estimates of personal in
come and gross state product.
Personal income. Estimates of personal income are
prepared for States and for local areas.
“Comprehensive Revision of State Personal Income
for 1969-99” (June 2000) summarizes the changes in the
methodology that is used to prepare the estimates. The
detailed methodology is available on the CD-ROM State
Personal Income, 1929-2000.
“Comprehensive Revision of Local Area Personal In
come for 1969-98” (July 2000) summarizes the changes
in the methodology that is used to prepare the estimates
for counties and metropolitan areas. The detailed meth
odology is available on the CD-ROM Regional Economic
Information System, 1969-2000.
Gross state product. “Comprehensive Revision of
Gross State Product by Industry, 1977-94” (June 1997)
summarizes the sources and the methods that are used to
prepare the estimates. “Gross State Product by Industry,
1977-98” (October 2000) describes the most recent com
prehensive revision of these estimates.
2 0 0 2 S u r v ey .
Direct investment. International Direct Investment:
Studies by the Bureau of Economic Analysis (1999) is a col
lection of previously published articles on U.S. direct in
vestment abroad and foreign direct investment in the
United States. It also includes the following information.
The “Methodology for U.S. Direct Investment
Abroad,” which is also available in U.S. Direct
Investment Abroad: 1994 Benchmark Survey, Final
@FedFRASER