Full text of Survey of Current Business : February 2004
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FEBRUARY 2004 S urvey of C urrent B usiness In This Issue . . . Improved NIPA Estimates fo r 19 29 -20 02 State Personal Income, Third Quarter 2003 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 for 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 The BEA Advisory Committee advises the Director o f BEA on matters related to the development and improvement o f BEA’s national, regional, industry, and international econom ic accounts, especially in areas o f new and rapidly growing econom ic activities arising from innovative and advancing technologies, and it provides recom m endations from the perspective o f businessm en, academicians, researchers, and experts in government and international affairs. William D. Nordhaus, Chair, Yale University Alan J. Auerbach, University o f California, Berkeley Richard B. Berner, Morgan Stanley Michael J. Boskin, Stanford University Barry P. Bosworth, The Brookings Institution Robert J. Gordon, Northwestern University Maurine A. Haver, Haver Analytics, Inc. Charles R. Hulten, University o f M aryland Dale W. Jorgenson, H arvard University Edward E. Learner, University o f California, Los Angeles Karen R. Polenske, Massachusetts Institute o f Technology Joel L. Prakken, Macroeconomic Advisers, LLC The S urvey of C urrent B usiness (ISSN 0039-6222) is published monthly by the Bureau o f Economic Analysis o f the U.S. Departm ent o f Com merce. Editorial correspondence should be addressed to the Editor-in-Chief, S urvey of C urrent B usiness, Bureau o f Economic Analysis, U.S. Department o f Commerce, Washington, D C 20230. Subscriptions to the S u r v e y o f C u r r e n t B u s i n e s s are m ain tained, and the prices are set, by the U.S. Government Printing Office, an agency o f the U.S. Congress. To subscribe, call 202-512-1800, or go to <bookstore.gpo.gov>. To inquire about your subscription, call 202-512-1806. Send changes of address to Superintendent o f Docum ents, U.S. Government Printing Office, Washington, DC 20402. Periodicals postage paid at Washington, D C and at additional mailing offices (USPS 337-790). Subscription and single-copy prices Periodicals second-class mail: $63.00 domestic, $88.20 foreign First-class mail: $105.00 Single copy: $25.00 domestic, $35.00 foreign Unless stated otherwise, the information in this journal is in the public dom ain and may be reprinted without the perm ission o f the Bureau o f Economic Analysis. Citation o f the S u r v e y o f C u r r e n t B u s i n e s s as the source is appreciated. The Secretary o f Com merce has determined that the publication o f this periodical is necessary in the transaction o f the public business required by law o f this Department. Acting Editor-in-Chief: M. Gretchen Gibson Production M anager: Delores J. Barber Graphic Designer: W. Ronnie Foster M anuscript Editor: M. Gretchen Gibson Production Editor: Ernestine T. Gladden Production Editor: Kristina L. Maze This issue went to the printer on February 23, 2004. It incorporates data from the following monthly BEA news releases: U.S. International Trade in G oods and Services (Feb. 13), Personal Incom e and Outlays (Feb. 2) and Gross Dom estic Product (Jan. 30). S urvey of C u rren t B u sin ess February 2 0 0 4 Volum e 8 4 • N um ber 2 1 Business Situation: Advance Estim ates for the Fourth Q uarter of 2003 and for the Year 2003 The pace of U.S. production moderated in the fourth quarter, as real GDP increased 4.0 percent after increasing 8.2 percent in the third quarter. The deceleration mainly reflected slower growth of consumer spending. Inflation slowed: The price index for gross domestic purchases increased 1.0 percent after increasing 1.8 percent, mainly reflecting a downturn in energy prices. In 2003, real GDP increased 3.1 percent after increasing 2.2 percent in 2002. The step-up mainly reflected upturns in nonresidential investment and exports; consumer spending slowed, and inventory investment turned down. 7 Improved Estim ates of the National Incom e and Product Accounts for 1929-2002: Results of the Com prehensive Revision The Bureau of Economic Analysis has released the results of the 12th compre hensive revision of the NIPAs. The revised estimates incorporate a number of major improvements that are designed to better measure the ever-changing U.S. economy. The revisions to GDP and the other major NIPA aggregates and their components are described, and the revisions that are attributable to the various improvements are identified. The picture of the economy shown by the revised estimates is similar to that shown by the previously published estimates: Real GDP grew at about the same rate as in the previously published estimates, and the most recent recession and the current expansion are slightly milder than previously estimated. 31 National Incom e and Product A ccounts Tables An extensive set of tables presents estimates from the 2003 comprehensive NIPA revision. It includes annual estimates for 2000-2003 and quarterly estimates for the second quarter of 2000 through the fourth quarter of 2003 in the selected set of tables that are published monthly. It also includes annual estimates for 1999-2002 and monthly estimates for 1999-2003 that are a part of the extended set of NIPA tables. 152 GDP and O ther M ajor NIPA Series, 1929-2003 A set of tables presents the historical series from the 2003 comprehensive NIPA revision. Specifically, it presents estimates of GDP and its components in current dollars, in chained dollars, and in chain-type quantity and price indexes, and estimates of national income and personal income. w w w .bea.gov February 2004 /'/■ 177 A nnual C u sto m er S atisfaction S u rvey R ep ort for Fiscal Year 2003 BEA’s survey received feedback in three critical areas: C u stom er satisfaction, p rod u ct use, and Web site features. 178 Real Inventories, Sales, and In ventory-S ales R atios for M an ufacturin g and Trade, 1997:1-2003:111 The quarterly and m onthly estim ates o f inventories, sales, and inventory-sales ratios have been revised to reflect the results o f the 2003 com prehensive NIPA revision . 192 S tate Personal Incom e: Third Q u a rter 2003 Personal incom e for the N ation grew 1.1 percent, up from 1.0 percent in the second quarter. Reflecting continued strong grow th in farm earnings, 3 o f the 10 fastest grow ing states are in the Plains region, and 2 are in the Rocky M ountain region. Earnings grew in every in du stry for the first tim e in m ore than 2 years and in all the states and the D istrict o f C olum bia. D-1 BEA Current and Historical Data Inside back cover: BEA Web Site and BEA Contacts Back cover: Schedule of Upcoming News Releases L ooking A head Preview of the Comprehensive Revision of the Industry Accounts. An arti cle that describes the integration o f BEA’s annual in pu t-o u tpu t accounts with the G D P-by-industry accounts is scheduled for an upcom in g issue o f the S u rv e y . February 2004 1 Business Situation Advance Estimates for the Fourth Quarter of 2003 and for the Year 2003 • Prices o f g oo d s and services p urch ased by U.S. resi dents increased 1.0 percent in the fourth quarter after increasing 1.8 percent in the third quarter and 0.4 percent in the second. The deceleration in the fourth quarter (and the acceleration in the third) partly reflected changes in fo o d and energy prices. • Real D PI tu rn ed dow n in the fourth quarter after accelerating in the third; this pattern prim arily reflects the pattern o f the advance paym ents o f child tax credits enacted in the spring. The deceleration in real G D P grow th in the fourth quarter m ainly reflected slower grow th in con sum er spending; other contributors were a deterioration in The Fourth Q uarter of 2003 the trade balance an d slower grow th in nonresidential T he advance estim ates for the fourth quarter show the and in residential fixed investm ent.2 These develop follow ing: m ents were partly offset by an uptu rn in inventory in • Real G D P increased 4.0 percent— less than h alf as vestm ent. m uch as in the third quarter, b u t m ore than in the C o n su m er spen ding increased 2.6 percent in the secon d quarter. fourth quarter— roughly 4 percentage p oin ts less than 1. “Real” estimates are in chained (2000) dollars, and price indexes are in the third quarter— and contributed 1.84 percentage I N 2003, real gross d om estic p rod u ct (G D P ) in creased 3.1 percent, alm ost 1 percentage p o in t m ore than in 2002; grow th o f gross d om estic purch ases also stepped up, th ough not as m uch (table l ) . 1 Inflation, th ough higher than in 2002, rem ained m oderate. Grow th o f real disposable p erson al incom e (D PI) slowed. T hese developm ents are discu ssed at the end o f this article. In the fourth quarter o f 2003, the grow th o f real G D P an d o f gross dom estic purch ases m oderated, in flation slowed, and real D PI dip p ed (chart 1). chain-type measures. Quarterly estimates in the NIPAs are expressed at seasonally adjusted annual rates, unless otherwise specified. Quarter-to-quarter dollar changes are differences between these published estimates. Percent changes are cal culated from unrounded data and annualized. This article was prepared by Daniel Larkins. 2. In this article, “consumer spending” is shorthand for the NIPA series “personal consumption expenditures,” “government spending” is short hand for “government consumption expenditures and gross investment,” and “inventory investment” is shorthand for “change in private invento ries.” Table 1. Real Gross Domestic Product and Components [Quarterly estimates are seasonally adjusted at annual rates] Change from preceding period (percent) 2003 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 pnvate 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...................................................... Addenda: Final sales of domestic product........................... Gross domestic purchases.................................. 2003 2003 2002 I II III IV 2.2 3.4 6.5 3.0 3.0 -1.2 -3.7 -7.2 -18.4 -2.8 4.9 3.1 3.1 7.4 3.7 2.0 4.1 4.3 2.8 -4.7 5.2 7.6 2.0 2.5 0.5 5.7 1.5 -3.5 1.1 -0.6 -4.0 0.5 4.5 3.1 3.3 17.7 1.2 1.7 4.7 6.1 7.0 3.9 8.0 4.5 8.2 6.9 28.0 7.3 2.8 14.8 15.8 12.8 -1.8 17.6 21.9 4.0 2.6 0.9 4.4 2.1 12.4 8.1 6.9 -3.0 10.0 10.6 -2.4 -4.0 1.4 3.3 3.7 1.4 1.9 1.8 2.3 3.7 4.5 -0.1 -2.0 1.9 -10.1 -6.8 -6.6 -7.5 -1.1 -1.7 0.2 9.1 13.7 -10.9 9.9 8.6 12.7 0.8 -1.5 13.4 3.8 7.9 8.9 6.2 1.8 3.4 8.7 10.5 5.4 0.6 -0.4 -0.2 -5.6 10.5 -0.5 7.4 23.5 41.9 -5.0 -0.8 1.8 2.8 3.2 3.3 2.7 1.1 3.3 4.3 2003 2003 I II III IV IV 19.1 19.2 18.9 11.3 12.2 7.0 2.2 2.38 0.55 0.60 1.23 -0.18 -0.60 -0.82 -0.59 -0.23 0.23 041 -0.70 -0.24 -0.29 0.04 -0.45 -0.42 -0.03 3.1 2.19 0.61 0.75 0.83 0.61 0.65 0.28 -0.12 0.40 0.37 -0 04 -0.32 0.19 0.12 0.07 -0.51 -0.51 0.00 2.0 1.80 0.04 1.13 0.63 -0.57 0.16 -0.06 -0.10 0.04 0.22 -0 74 0.81 -0.19 0.13 -0.31 1.00 0.81 0.19 3.1 2.34 1.38 0.25 0.71 0.73 0.90 0.68 0.09 0.59 0.22 -0 1 7 -1.34 -0.11 -0.11 0.01 -1.24 -1.51 0.27 8.2 4.89 2.23 1.48 1.19 2.17 2.30 1.25 -0.04 1.30 1.05 -0 1 3 0.80 0.92 0.56 0.36 -0.12 0.18 -0.30 4.0 1.84 0.08 0.89 0.87 1.84 1.23 0.69 -0.07 0.76 0.54 0 61 0.19 1.69 1.17 0.52 -1.50 -1.34 -0.16 100.0 70.2 8.6 20.1 41.6 15.6 15.5 10.2 2.3 7.9 5.3 00 -4.3 9.8 6.8 3.0 14.1 11.7 2.4 1.8 1.2 -1.3 6.5 2.1 0.8 0.7 1.8 -1.6 0.9 0.69 0.48 0.35 0.14 0.21 0.63 0.56 0.44 0.12 0.07 -0.07 -0.01 -0.25 0.24 -0.06 1.36 1.46 1.58 -0.12 -0.10 0.34 0.09 -0.06 0.15 0.25 0.16 0.05 0.08 -0.04 0.11 18.5 6.9 4.5 2.3 11.6 8.3 7.0 3.4 3.7 Note . Percent changes are from NIRA table 1.1.1, and contributions to percent change are from NIPA table 1.1.2. Shares are from NIPA table 1.1.10. Share of current-dollar GDP (percent) Contribution to percent change in real GDP (percentage points) 2 Business Situation poin ts to G D P grow th in the fourth quarter after con tributin g 4.89 percentage p oin ts in the third quarter. Purchases o f durable goo d s, o f n on du rable g oo d s, and o f services all increased less than in the third quarter. The slow dow n in durable goo d s w as the m o st p ro n oun ced; it m ainly reflected a dow nturn in purchases o f m o to r vehicles. The slow dow n in n on du rable goo ds w as m ainly accounted for by purch ases o f fo od an d o f clothing; purch ases o f gasoline an d oil, in contrast, in creased m ore than in the third quarter. The largest con tributors to the slow dow n in services were net fo r eign travel an d brokerage charges an d investm ent counseling. The trade balance (net exports) ad d ed 0.19 percent age p oin t to G D P grow th in the fourth quarter after ad din g 0.80 percentage p oin t in the third. Im ports, which are subtracted in the calculation o f GDP, in creased m ore than in the third quarter an d subtracted 1.50 percentage p oin ts from G D P grow th after su b tractin g 0.12 percentage point. All m ajo r categories o f g o o d s except p etroleum and in du strial supplies and m aterials con tributed to the step-up in im ports. Ex p o rts also increased m ore than in the third quarter, bu t the step-up w as sm aller than that in im p orts; exports contributed 1.69 percentage p oin ts to G D P grow th af ter con tributin g 0.92 percentage poin t. E xports o f both Chart 1. Selected Measures: Change From Preceding Quarter Percent 10 10 REAL GROSS DOMESTIC PRODUCT REAL GROSS DOMESTIC PURCHASES -5 10 GROSS DOMESTIC PURCHASES PRICE INDEX I . .I . ..I . ..I . i M .I . . I . B B -5 2000 2001 2002 Note. Percent change at annual rate from preceding quarter, based on seasonally adjusted estimates. U.S. Bureau of Economic Analysis i l » » B 2003 February 2004 g oo d s an d services increased m ore than in the third quarter; the step-up in g o o d s w as spread across m ost m ajor categories except for the civilian aircraft and com pu ter categories. R esidential investm ent increased 10.6 percent, abo u t h alf its th ird-quarter increase, an d it contributed 0.54 percentage po in t to G D P grow th after con tribut in g 1.05 percentage poin ts. The slow dow n w as p rim a rily accounted for by brokers’ com m ission s, which tu rn ed dow n, reflecting the fall in h ouse sales from a record level in the third quarter. N on residen tial fixed investm ent increased 6.9 per cent, also abo u t h alf its th ird-quarter increase, an d it contributed 0.69 percentage poin t to G D P grow th after contributin g 1.25 percentage poin ts. M ost o f the slow dow n w as accounted for by investm ent in equipm ent an d softw are; tran spo rtation equ ipm en t turn ed up, b u t other m ajor categories o f equ ipm en t did not m atch their th ird-quarter gains. Investm ent in stru c tures decreased m odestly, as it h ad in the third quarter. The increase in equ ipm en t an d softw are w as the 7th in a row; the decrease in structures w as the 10th in the last 12 quarters. G overnm ent spen din g increased 0.8 percent after increasing 1.8 percent, and it contributed 0.16 percent age poin t to G D P grow th after contributing 0.34 p e r centage point. Inventory investm ent added 0.61 percentage poin t to G D P grow th after subtractin g 0.13 percentage poin t. In the fourth quarter, inventory liquidation gave way to inventory accu m u lation , partly reflecting a step-up in the accum ulation o f auto dealer inventories; in the third quarter, the pace o f liquidation had in tensified, partly reflecting a slow dow n in the accum ulation by auto dealers. The advance estim ates for the fourth quarter also show the follow ing: • Real final sales o f dom estic prod u ct (G D P less the change in private inventories) increased 3.4 percent after increasing 8.3 percent. • Real gross dom estic purch ases increased 3.7 percent after increasing 7.0 percent. •T h e p rod u ction o f g o o d s an d o f structures slowed, while the prod u ction o f services increased a little m ore than in the third quarter (table 2). • Final sales o f com pu ters slowed sharply after regis tering an un usually large increase in the third q u ar ter. Excluding final sales o f com puters, real G D P increased 3.8 percent after increasing 7.6 percent. • The personal saving rate decreased from 2.3 percent to 1.5 percent.3 3. The personal saving rate is measured as personal saving as a percentage of current-dollar disposable personal income. An estimate of the national saving rate (measured as gross saving as a percentage of gross national income) will be available at the end of March along with the final estimates of the NIPAs for the fourth quarter. February 2004 S u rv ey of 3 C u r r e n t B u sin e ss Table 2. Change in Real Gross Domestic Product by Type of Product [Quarterly estimates are seasonally adjusted at annual rates] Change from preceding period (percent) Contributions to percent change in real GDP (percentage points) 2003 2002 2003 2003 2002 I II III 2003 IV I II III IV Gross domestic product........................................................... 2.2 3.1 2.0 3.1 8.2 4.0 22 3.1 2.0 3.1 8.2 4.0 Goods...................................................................................... Services.................................................................................. Structures................................................................................ Addenda: Final sales of computers......................................................... Gross domestic product less final sales of computers...................................................... 2.1 3.1 -3.0 4.3 2.6 2.6 4.3 1.0 -0.3 2.2 3.6 2.8 18.3 2.1 13.9 6.7 2.3 5.3 0.71 1.77 -0.29 1.39 1.48 0.25 1.37 0.62 -0.02 0.75 2.08 0.26 5.67 1.27 1.27 2.18 1.35 0.50 11.1 40.6 34.6 32.8 93.4 27.5 0.10 0.31 0.26 0.25 0.65 0.25 2.1 2.8 1.7 2.8 7.6 3.8 2.09 2.81 1.71 2.83 7.56 3.78 Note. Percent changes are from NIRA table 1.2.1, and contributions to percent change are from NIPA table 1.2.2. Fourth-Quarter 2003 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 o f 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 o f civilian aircraft (2), and exports and imports of machinery and equipment (2); Residential investment: Construction put in place (2), single-family housing starts (3), and sales o f new and existing houses (3); Change in private inventories: Trade and nondurable manufacturing inventories (2), durable manufacturing inventories (3), and unit auto and truck inventories (3); Net exports o f goods and services: Exports and imports o f goods and services (2); Government consumption expenditures and gross investment: Some Federal outlays (3), state and local construction put in place (2), and state and local employ ment (3); GDP prices: Consumer price indexes (3), producer price indexes (3), U.S. import and export price indexes (3), and values and quantities o f 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, 2003:1V [Billions of dollars, seasonally adjusted at annual nates] 2003 July Private fixed investment: Nonresidential structures: Value of new total private construction put in place less residential (include improvements)...... Equipment and software: Manufacturers’ shipments of complete aircraft............................................................................. Residential structures: Value of new residential construction put in place: Single family............................................................................................................................... Multifamily................................................................................................................................... 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........................................................................................................................... August September October November December1 217.2 214.4 216.7 216.2 215.1 215.6 27.2 25.4 24.3 26.0 33.1 18.2 299.4 34.0 307.2 34.9 315.5 34.9 324.2 34.8 333.5 34.9 341.4 35.7 -4.6 6.6 -0.8 -3.4 -0.1 1.8 15.2 3.9 43.0 20.4 37.8 28.5 Net exports:2 Exports of goods: U.S. exports of goods, international-transactions-accounts basis............................................ Excluding goid............................................................................................................................ Imports of goods: U.S. imports of goods, international-transactions-accounts basis................................................ Excluding goid................................................................................................................................ Net exports of goods.......................................................................................................................... Excluding gold................................................................................................................................ 724.2 720.5 692.1 685.1 716.5 711.3 739.7 734.8 765.8 761.3 746.2 742.0 1,264.6 1,262.1 -540.4 -541.6 1228.8 1223.4 -536.6 -538.3 1275.4 1271.0 -558.9 -559.7 1305.1 1301.0 -565.3 -566.2 1289.1 1285.0 -523.3 -523.7 1295.7 1292.1 -549.6 -550.2 Government: State and local: Structures: Value of new construction put in place................................................................................. 200.7 201.7 202.8 203.4 205.7 204.6 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. 4 Business Situation February 2004 Prices Inflation as m easured by the price index for gross d o m estic purch ases slow ed from 1.8 percent in the third quarter to 1.0 percent in the fourth (table 3). The slow dow n m ainly reflected a dow nturn in energy prices; excluding fo od an d energy item s, inflation slowed from 1.3 percent to 1.1 percent (chart 2). Prices o f g oo d s and services purch ased by co n su m ers increased 0.6 percent after increasing 1.8 percent. The price o f gasoline and oil turned dow n, as did the price o f electricity and gas. Fo od prices, in contrast, in creased m ore than in the third quarter. The prices o f other con sum er purchases, which is som etim es viewed as an in dicator o f the underlying, or core, rate o f infla tion, increased 0.7 percent— m arkin g the fourth con secutive quarter in which this m easure increased 1.0 percent or less. Prices o f private nonresidential fixed investm ent in creased 1.9 percent after increasing 1.6 percent. Prices o f structures increased 4.1 percent, the largest increase in m ore than 2 years. Prices o f equ ipm en t and software increased about as m uch as in the third quarter. The rare back-to-back increases m ainly reflected increases in the prices o f tran spo rtation equipm ent. Prices p aid by governm ent increased 0.5 percent af ter increasing 1.7 percent. The slow dow n w as evident at both the Federal level and at the state and local level. The G D P price index, which m easures the prices p aid for goods and services produ ced in the United States, increased 1.1 percent, 0.1 percentage point m ore than the price index for gross dom estic p u r chases. The slightly larger increase in the G D P index reflects a bigger increase in export prices (which are in cluded in the G D P price index) than in im p ort prices (which are included in the price index for gross d o m estic purchases). Chart 2. Gross Domestic Purchases Prices: Change From Preceding Quarter Percent 6 4 2 0 -2 2000 2001 2002 2003 Note. Percent change at annual rate from preceding quarter, based on seasonally adjusted index numbers (2000=100). U.S. Bureau of Economic Analysis Table 3. Prices for Gross Domestic Purchases [Quarterly estimates are seasonally adjusted at annual rates] Change from preceding period (percent) Contributions to percent change (percentage points) 2003 2002 Gross domestic purchases.................................................... Personal consumption expenditures................................... Durable goods........................................................................ Services.................................................................................. Gross private domestic investment...................................... Fixed investment.................................................................... Nonresidential..................................................................... Structures........................................................................ Equipment and software.................................................. Government consumption expenditures and gross investment........................................................................... Federal.................................................................................... National defense................................................................. Nondefense......................................................................... State and local....................................................................... Addenda: Gross domestic purchases: Food....................................................................................... Energy goods and services.................................................. 2003 2003 2002 I II III I III IV 1.4 1.4 -2.9 0.5 2.7 0.0 0.1 -0.9 1.4 -1.7 2.4 1.9 1.8 -3.7 2.1 2.8 0.9 1.1 -0.2 2.0 -0.9 3.8 3.4 2.8 -4.4 5.1 3.2 1.3 1.9 -0.3 3.8 -1.6 6.4 0.4 0.5 -3.9 -2.1 2.7 0.0 0.0 -1.2 1.1 -1.8 2.2 1.8 1.8 -4.0 3.8 2.0 2.0 2.1 1.6 2.7 1.2 3.1 1.0 0.6 -3.8 0.4 1.6 3.2 3.4 1.9 4.1 1.3 6.2 1.4 0.92 -0.25 0.10 1.07 0.01 0.01 -0.10 0.04 -0.13 0.11 0.00 1.9 1.21 -0.23 0.25 1.19 0.15 0.16 -0.03 0.05 -0.08 0.19 -0.01 3.4 1.87 -0.37 0.96 1.28 0.24 0.26 -0.03 0.09 -0.12 0.29 -0.02 0.4 0.29 -0.33 -0.42 1.05 0.07 -0.01 -0.11 0.02 -0.14 0.10 0.07 1.8 1.18 -0.34 0.71 0.81 0.29 0.30 0.15 0.06 0.09 0.15 -0.01 1.0 0.41 -0.32 0.08 0.64 0.46 0.49 0.19 0.09 0.10 0.30 -0.03 2.6 2.7 2.5 3.2 2.5 2.9 2.5 2.6 2.3 3.1 7.3 7.7 8.0 7.2 7.1 0.1 1.4 1.2 1.6 -0.7 1.7 1.3 1.3 1.3 2.0 0.5 0.3 0.4 0.1 0.6 0.44 0.16 0.09 0.07 0.28 0.51 0.15 0.10 0.05 0.36 1.27 0.48 0.32 0.16 0.79 0.01 0.09 0.05 0.04 -0.08 0.31 0.09 0.06 0.03 0.22 0.09 0.02 0.02 0.00 0.06 1.9 -6.0 1.7 1.9 13.1 1.4 1.8 52.5 1.8 2.4 -14.1 0.9 2.5 11.2 1.3 4.2 -9.5 1.1 0.17 0.12 0.17 0.22 0.23 0.39 1.9 -5.9 1.7 1.5 1.9 12.6 1.2 1.6 1.7 45.3 0.9 2.3 2.4 -8.6 0.8 1.1 2.5 12.3 1.0 1.6 4.2 -11.1 0.7 1.1 Personal consumption expenditures: Gross domestic product............................................................ Note. Most percent changes are from NIPA table 1.6.7; percent changes for personal consump tion expenditures on energy goods and services and for personal consumption expenditures excluding food and energy are calculated from index numbers in table 2.3.4. Contributions to percent change are from table 1.6.8. 2003 IV II February 2004 S urv ey of 5 C u rr e n t B u sin ess Personal Incom e Real disposable person al incom e decreased in the fourth quarter after increasing sharply in the third (ch art 3). T his pattern m ainly reflects the pattern o f person al current taxes (table 4). In the third quarter, taxes were reduced by the in troduction o f lower w ith h oldin g rates an d by the advance paym ents o f child tax credits provided by the Jobs and Grow th Tax Relief R econciliation Act o f 2003 (signed into law M ay 28, 2003). Taxes rose in the fourth quarter because the bu lk o f the advance paym ents w as m ad e in the third quarter. Personal incom e, which is m easured only in current dollars, increased $70.1 billion (or 3.1 percent) after increasing $96.6 billion (4.3 percent). The slowdown m ainly reflected slow dow ns in transfer receipts, co m pensation o f em ployees, and p rop rieto rs’ incom e. In contrast, rental incom e stepped up. The deceleration in transfer receipts reflected a dow nturn in benefits received from state an d local governm ents (prim arily M edicaid) an d a deceleration in benefits received from the Federal governm ent (p ri m arily un em ploym en t p rogram s). The deceleration in com pen sation w as accounted for both by wage an d salary d isbursem en ts an d by su p plem ents to w ages an d salaries. The slow dow n in d is bursem en ts w as m ore than accounted for by private service-producing industries. The deceleration in p rop rietors’ incom e m ainly re flected dow nturns in com m ission s o f real estate b ro kers an d o f security and com m odity brokers. The step-up in rental incom e prim arily reflected a dow nturn in expenses associated with m ortgage refi nancings (m ortgage closing costs and other expenses are subtracted in the calculation o f rental in com e). In the fourth quarter, refinancing activity dropped m ark edly. Chart 3. Selected Personal Income and Saving Measures Billion $ 300 CHANGE IN PERSONAL INCOME 240 180 120 60 Percent 2 0 CHANGE IN REAL DISPOSABLE PERSONAL INCOME 10 I I I __ _I I ■_ _■I I -1 0 Percent 5 PERSONAL SAVING RATE -5 2000 2001 2002 2003 Note. Changes are from preceding quarter, based on seasonally adjusted annual rates. U.S. Bureau of Economic Analysis T he Year 2003, next page. February 2004 Business Situation 6 The Year 2003 Real G D P increased 3.1 percent in 2003 after increas ing 2.2 percent in 2002, an d real gross dom estic p u r chases increased 3.3 percent after increasing 2.8 percent (table l ) . 4 (In the expan sion o f the 1990s, grow th o f real G D P averaged 3.5 percent a year, and grow th o f gross d om estic purch ases averaged 4.0 p er cent.)5 The step-up in real G D P m ainly reflected u pturn s in nonresidential fixed investm ent an d in exports that were p artly offset by a dow nturn in inventory invest m ent an d a sm all slow dow n in con sum er spending. N onresidential fixed investm ent increased 2.8 per cent in 2003 an d contributed 0.28 percentage poin t to G D P grow th; in 2002, it h ad decreased 7.2 percent and subtracted 0.82 percentage poin t. Investm ent in equ ip m ent an d software tu rn ed up, an d investm ent in stru c tures decreased less than in 2002. The up tu rn in equ ipm en t an d softw are w as m ain ly accoun ted for by a step-up in in form ation p rocessin g equ ipm en t and software. E xports increased 1.9 percent in 2003 an d con trib uted 0.19 percentage p o in t to G D P grow th; in 2002, exports h ad decreased 2.4 percent an d subtracted 0.24 percentage point. (E xports h ad also decreased in 2 0 0 1 .) Inventory stocks were reduced in 2003 after having been built up in 2002. The sw ing from accum ulation to liquidation subtracted 0.04 percentage p oin t from G D P grow th in 2003. In 2002, inventory investm ent sw ung in the op po site direction and added 0.41 per centage poin t to G D P grow th in 2002. C o n su m er spen din g increased 3.1 percent in 2003 an d contributed 2.19 percentage p oin ts to G D P grow th; in 2002, it h ad increased 3.4 percent an d co n tributed 2.38 percentage points. Spen din g on services m ore than accounted for the slow dow n in 2003. The price index for gross dom estic purch ases in creased 1.9 percent after increasing 1.4 percent (table 3). The step-up w as accounted for by prices o f energy g oo d s an d services, w hich increased 13.1 percent after decreasing 6.0 percent. The price index for gross d o m estic purchases excluding fo od an d energy increased 1.4 percent after increasing 1.7 percent. Real D PI increased 2.5 percent after increasing 3.8 percent. The sm aller increase in 2003 m ain ly reflected a sm aller reduction in person al current taxes. 4. All 2003 increases cited in the text are calculated from annual levels for 2002 and 2003. From the fourth quarter of 2002 to the fourth quarter of 2003, real GDP increased 4.3 percent, real gross domestic purchases increased 4.0 percent, real DPI increased 3.2 percent, and the price index for gross domestic purchases increased 1.6 percent. 5. Growth rates are calculated from the trough of real GDP in the first quarter of 1991 to the peak of real GDP in the fourth quarter of 2000. Table 4. Personal Income and Its Disposition [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Change from proceeding period Level 2003 2003 2002 2003 2003 IV 1 78.7 31.7 -12.4 -33.7 -33.4 21.2 -0.2 21.4 44.1 46.9 27.1 -10.7 37.8 9.9 3.6 -21.3 25.0 99.6 21.8 IV III 51.8 39.0 29.4 -2.4 -4.0 31.8 4.5 27.2 9.5 12.7 25.3 7.0 18.3 -9.8 1.6 -5.7 7.3 32.1 3.6 47.4 31.9 31.4 2.6 0.4 28.8 6.6 22.2 0.5 15.7 22.1 1.5 20.6 3.6 -1.0 -7.9 6.9 29.0 4.6 34.5 24.5 23.0 8.3 3.9 14.7 5.5 9.2 1.5 9.9 11.8 1.0 10.8 25.0 -0.1 -7.3 7.3 2.1 3.3 277.1 67.4 -65.6 342.8 362.2 -19.4 -36.2 103.6 99.1 4.6 97.2 96.6 70.1 -9.2 106.6 68.4 38.0 -64.2 160.8 161.8 -0.9 68.3 1.7 62.7 -60.9 5.9 1.4 4.1 -0.9 -1.0 2.5 -2.0 0.0 0.0 2.5 -57.3 -4.5 0.0 -107.5 54.7 6,185.6 5,084.5 4,186.8 1,007.4 668.7 3,179.4 863.0 2,316.4 897.7 1,101.0 846.5 19.2 827.2 163.9 1,389.3 960.6 428.7 1,376.7 774.5 6,248.1 5,128.6 4,227.1 1,014.3 670.8 3,212.8 871.6 2,341.2 901.5 1,119.5 872.7 22.5 850.2 182.0 1,389.1 949.7 439.5 1,400.8 780.2 Equals: Personal income............................................................................................... 9,187.4 9,312.6 197.2 Less: Personal current taxes............................................................................................. Equals: Disposable personal income............................................................................... Less: Personal outlays...................................................................................................... Equals: Personal saving................................................................................................... Addenda: Special factors in personal income: In government wage and salary disbursements: 987.5 8,200.0 8,036.2 163.8 1,004.3 8,308.3 8,181.2 127.2 -190.6 387.8 331.8 56.0 166.5 109.9 72.1 -3.5 -7.0 75.7 18.3 57.4 37.8 56.5 48.8 4.9 43.8 -9.1 10.8 -21.8 32.5 84.5 24.2 II 56.4 34.1 17.9 -1.3 -2.1 19.2 7.4 11.9 16.2 22.4 1.3 -3.3 4.6 4.2 -3.4 -10.6 7.2 22.0 13.2 Compensation of employees, received............................................................................. Wage and salary disbursements.................................................................................. Private industries......... Goods-producing industries Manufacturing...... Services-producing industries Trade, transportation, and utilities................................................................... Other services-producing industries Government.............. Supplements to wages and salaries............................................................................. Proprietors' income with IVA and CCAdj Farm........................................... Nonfarm....................................... Rental income of persons with CCAdj Personal income receipts on assets................................................................................. Personal interest income.............................................................................................. Personal dividend income............................................................................................. Personal current transfer receipts..................................................................................... Less: Contributions for government social insurance...................................................... In personal current transfer receipts: In personal current taxes: Note. Dollar levels are from NIPA tables 2.1 and 2.1B. IVA Inventory valuation adjustment CCAdj Capital consumption adjustment February 2004 7 Improved Estimates of the National Income and Product Accounts for 1929-2002 R esults o f th e C o m p reh en sive R evision By Eugene P. Seskin and Daniel Larkins N D ecem ber 10, 2003, the Bureau o f E con om ic A nalysis (BEA ) released the initial results from the 12th com prehensive revision o f the nation al incom e an d p rod u ct accounts (N IPA s), begin n in g w ith revised estim ates for 1929; the results o f the last com preh en sive revision were released in O ctober 1999. In m an y im p ortan t respects, the picture o f the econ om y show n by the revised estim ates is very sim ilar to the picture show n by the previously publish ed esti m ates. • Lon g-ru n grow th rates o f current-dollar an d real gross d om estic p rod u ct (G D P ) are the sam e, or vir tually the sam e, as in the previously p ublish ed esti m ates (table 1). • For the expan sion o f the 1990s, the high rate o f grow th previously estim ated is n ot changed in the revised estim ates. • The m o st recent recession an d the current expan sion are both slightly m ilder than previously esti m ated ; for both , the differences between the revised estim ates an d the previously p ublish ed estim ates are very sm all.1 • Like the previously publish ed estim ates, the revised estim ates show that G D P grow th slow ed in the sec on d h alf o f 2000. However, th ird-quarter G D P now show s a sm all decrease instead o f a sm all increase, an d fourth -quarter G D P now show s a larger increase. • The dow ntrend in the p erson al saving rate since the early 1990s is sim ilar to the dow ntrend in the previ ously publish ed estim ates. However, the level o f the person al saving rate, like the level o f the national saving rate, is lower than that previously publish ed (table 2). T he dow nw ard revision to the level reflects upw ard revisions to con sum er spending, especially for services. The revised estim ates in corporate a n um ber o f m a jo r definitional and statistical im provem en ts that are designed to better m easure the ever-changing U.S. economy. These im provem ents were preview ed last year in a series o f articles in the S u r v e y o f C u r r e n t B u s i O n e ss. 1. From the fourth quarter of 2000 to the third quarter of 2001, real GDP is now estimated to have decreased 0.5 percent, not 0.6 percent; from the third quarter of 2001 to the second quarter of 2003, the growth rate is now 2.6 percent, not 2.7 percent. Table 1. Real Gross Domestic Product [Percent change from preceding year] \fear 1930................................................................. 1931................................................................. 1932................................................................. 1933................................................................. 1934................................................................. 1935................................................................. 1936................................................................. 1937................................................................. 1938................................................................. 1939................................................................. 1940................................................................. 1941................................................................. 1942................................................................. 1943................................................................. 19 44................................................................. 1945................................................................. 1946................................................................. 1947................................................................. 1948................................................................. 1949................................................................. 1950................................................................. 1951................................................................. 1952................................................................. 1953................................................................. 1954................................................................. 1955................................................................. 1956................................................................. 1957................................................................. 1958................................................................. 1959................................................................. 1960................................................................. 1961................................................................. 1962................................................................. 1963................................................................. 1964................................................................. 1965................................................................. 1966................................................................. 1967................................................................. 1968................................................................. 1969................................................................. 1970................................................................. 1971................................................................. 1972................................................................. 1973................................................................. 1974................................................................. 1975................................................................. 1976................................................................. 1977................................................................. 1978................................................................. 1979................................................................. 1980................................................................. 1981................................................................. 1982................................................................. 1983................................................................. 1984................................................................. 1985................................................................. 1986................................................................. 1987................................................................. 1988................................................................. 1989................................................................. 1990................................................................. 1991................................................................. 1992................................................................. 1993................................................................. 1994................................................................. 1995................................................................. 1996................................................................. 1997................................................................. 1998................................................................. 1999................................................................. 20 0 0 ................................................................. 2001 ................................................................. 20 02................................................................. Revised -8 .6 -6 .4 -13.0 -1 .3 10.8 8.9 13.0 5.1 -3 .4 8.1 8.8 17.1 18.5 16.4 8.1 -1.1 -11.0 -0 .9 4.4 -0 .5 8.7 7.7 3.8 4.6 -0 .7 7.1 1.9 2.0 -1 .0 7.1 2.5 2.3 6.1 4.4 5.8 6.4 6.5 2.5 4.8 3.1 0.2 3.4 5.3 5.8 -0 .5 -0 .2 5.3 4.6 5.6 3.2 -0 .2 2.5 -1 .9 4.5 7.2 4.1 3.5 3.4 4.1 3.5 1.9 -0 .2 3.3 2.7 4.0 2.5 3.7 4.5 4.2 4.5 3.7 0.5 2.2 Previously published -8 .6 -6 .4 -13.0 -1 .4 10.8 9.0 12.9 5.3 -3 .5 8.1 8.5 17.1 18.4 16.5 8.2 -1 .2 -11.1 -0 .7 4.3 -0 .6 8.7 7.6 4.0 4.6 -0 .7 7.1 2.0 2.0 -1 .0 7.2 2.5 2.3 6.0 4.3 5.8 6.4 6.6 2.5 4.8 3.0 0.2 3.3 5.4 5.8 -0 .6 -0 .4 5.6 4.6 5.5 3.2 -0 .2 2.5 -2 .0 4.3 7.3 3.8 3.4 3.4 4.2 3.5 1.8 -0 .5 3.0 2.7 4.0 2.7 3.6 4.4 4.3 4.1 3.8 0.3 2.4 Revision 0.0 0.0 0.0 0.1 0.0 -0.1 0.1 -0 .2 0.1 0.0 0.3 0.0 0.1 -0.1 -0.1 0.1 0.1 -0 .2 0.1 0.1 0.0 0.1 -0 .2 0.0 0.0 0.0 -0.1 0.0 0.0 -0.1 0.0 0.0 0.1 0.1 0.0 0.0 -0.1 0.0 0.0 0.1 0.0 0.1 -0.1 0.0 0.1 0.2 -0 .3 0.0 0.1 0.0 0.0 0.0 0.1 0.2 -0.1 0.3 0.1 0.0 -0.1 0.0 0.1 0.3 0.3 0.0 0.0 -0 .2 0.1 0.1 -0.1 0.4 -0.1 0.2 -0 .2 Comprehensive NIPA Revision 8 Changes in definitions an d classifications, which were described in the June 2003 issue, include the fol lowing: • A m ore com plete an d accurate m easure o f in sur ance services that results from estim ating im plicit services provided by prop erty and casualty in su r ance com pan ies, •A n im proved m easure o f ban kin g services that iden tifies services received by borrow ers as well as by depositors, • A new treatm ent o f governm ent that recognizes that governm ents produce services an d that g oo d s and services p urch ased by governm ents are interm ediate inputs, and • A n expan ded definition o f national incom e that includes all net in com es earned in p rod u ction — a definition m ore consistent with international guidelines.2 The statistical changes, which were described in the 2. Brent R. Moulton and Eugene P. Seskin, “Preview o f the 2003 Com pre hensive Revision o f the National Income and Product Accounts: Changes in Definitions and Classifications,” Survey o f Current Business 83 (June 2003): 17-34; Baoline Chen and Dennis J. Fixler, “Measuring the Services o f Property-Casualty Insurance in the NIPAs: Changes in Concepts and Methods,” Survey 83 (October 2003): 10-26; and Dennis J. Fixler, Marshall B. Reinsdorf, and George M. Smith, “Measuring the Services o f Commercial Banks in the NIPAs: Changes in Concepts and Methods,” Survey 83 (September 2003): 33-44. Table 2. Personal and National Saving Rates [Percent] Personal saving rate1 Year 1970............................. 1971............................. 1972............................. 1973............................. 1974............................. 1975............................. 1976............................. 1977............................. 1978............................. 1979............................. 1980............................. 1981............................. 1982............................. 1983............................. 1984............................. 1985............................. 1986............................. 1987............................. 1988............................. 1989............................. 1990............................. 1991............................. 1992............................. 1993............................. 1994............................. 1995............................. 1996............................. 1997............................. 1998............................. 1999............................. 2000............................. 2001 ............................. 2002............................. Revised 9.4 10.1 8.9 10.5 10.6 10.6 9.4 8.7 8.9 8.9 10.0 10.9 11.2 9.0 10.8 9.0 8.2 7.0 7.3 7.1 7.0 7.3 7.7 5.8 4.8 4.6 4.0 3.6 4.3 2.4 2.3 1.7 2.3 Previously published 9.4 10.0 8.9 10.5 10.7 10.6 9.4 8.7 9.0 9.2 10.2 10.8 10.9 8.8 10.6 9.2 8.2 7.3 7.8 7.5 7.8 8.3 8.7 7.1 6.1 5.6 4.8 4.2 4.7 2.6 2.8 2.3 3.7 National saving rate2 Revision 0.0 0.1 0.0 0.0 -0.1 0.0 0.0 0.0 -0.1 -0.3 -0.2 0.1 0.3 0.2 0.2 -0.2 0.0 -0.3 -0.5 -0.4 -0.8 -1.0 -1.0 -1.3 -1.3 -1.0 -0.8 -0.6 -0.4 -0.2 -0.5 -0.6 -1.4 Revised 18.6 18.6 19.2 21.1 20.0 18.2 18.8 19.6 20.9 21.1 19.7 20.9 19.1 17.3 19.6 18.1 16.5 16.8 17.8 17.3 16.3 16.2 15.1 14.7 15.4 16.2 16.6 17.7 18.2 17.9 17.7 16.2 14.6 Previously published 18.6 18.6 19.3 21.1 20.0 18.1 18.6 19.4 20.8 21.0 19.6 20.7 19.0 17.0 19.4 18.2 16.5 17.0 18.3 17.6 16.8 16.9 15.9 15.6 16.3 16.9 17.2 18.0 18.8 18.3 18.4 16.5 15.0 Revision 0.0 0.0 -0.1 0.0 0.0 0.1 0.2 0.2 0.1 0.1 0.1 0.2 0.1 0.3 0.2 -0.1 0.0 -0.2 -0.5 -0.3 -0.5 -0.7 -0.8 -0.9 -0.9 -0.7 -0.6 -0.3 -0.6 -0.4 -0.7 -0.3 -0.4 1. Personal saving as a percentage of disposable personal income. 2. The previously published estimate is gross saving as a percentage of gross national product; the revised estimate is gross saving as a percentage or gross national income. February 2004 Septem ber 2003 issue, include the follow ing: • The in corporation o f in fo rm ation from the 1997 ben ch m ark in pu t-o u tpu t accounts, • For recent p eriods, a new adju stm en t to corporate profits estim ates that m akes use o f addition al in for m ation on the expenses associated with employee stock options, • N ew BEA price indexes for the deflation o f n on resi dential structures and o f ph otocopying equipm ent that accoun t for changes in key characteristics o f these products, • N ew m eth odologies that provide better estim ates o f purchases o f used m o to r vehicles an d a better allo cation o f exports an d im p o rts o f autos and trucks, and • The use o f m ore reliable source data for the estim a tion o f state and local current taxes.3 The presentation o f the N IPA estim ates has been changed to reflect these im provem ents. These changes, which were described in an article in the A ugust 2003 issue, include the follow ing: • M oving the reference year for chain-type quantity and price indexes and for chained-dollar estim ates from 1996 to 2000 and show ing in du stry estim ates on the basis o f the N orth A m erican Indu stry C lassi fication System , and • A redesigned set o f tables that provides m ore in fo r m ation in an easier-to-use fo rm at and that offers m ore flexibility for the addition o f new tables in the future.4 T his article discu sses the m ajor sources o f the revi sion s that are attributable to the various definitional and statistical changes for each o f the m ajo r N IPA ag gregates and their com pon ents. Specifically, it d is cusses the revisions to the annual current-dollar estim ates in detail. It then discu sses the revisions to the annual estim ates o f real G D P an d o f prices. It co n cludes with a d iscu ssion o f the revisions to the q u ar terly estim ates o f real GDP. A nnual C u rre n t-D o llar E stim ates Before 1959, the revisions to G D P are sm all, averaging 0.1 percent in absolute value; dow nw ard revisions are m ost com m on , bu t upw ard revisions are n ot unusual. For the quarter century that follow s, the revisions re m ain sm all, b u t are generally negative (only two are positive). From the early 1980s to 2002, the revisions 3. Carol E. Moylan and Brooks B. Robinson, “Preview of the 2003 Com prehensive Revision of the National Income and Product Accounts: Statisti cal Changes,” S u r v ey , 83 (September 2003): 17-32. 4. Nicole Mayerhauser, Shelly Smith, and David F. Sullivan, “Preview of the 2003 Comprehensive Revision of the National Income and Product Accounts: New and Redesigned Tables,” S u r v ey , 83 (August 2003): 7-31. February 2004 S u rv ey of C u rr e n t B u sin ess 9 increase som ew hat, averaging 0.2 percent, and they are ab o u t evenly divided between upw ard and dow nw ard revisions (table 3). The dow nw ard revisions to G D P before 1980 gener ally reflect the statistical changes that are p art o f this com prehensive revision. After that tim e, the statistical changes tend to raise GDP, while the changes in defini tion s an d classifications tend to lower G D P (ch art 1 an d ap p en d ix A). From 1987, the reduction in G D P as a result o f the changes in definitions and classifications p rim arily re flects the new treatm ent o f ban kin g services that is partly offset by the new treatm ent o f insurances ser vices. As a result o f the reallocation o f a p o rtio n o f the im plicit services o f com m ercial banks from depositors to borrow ers, relatively large reductions in G D P occur, begin n in g with 1987.5 In contrast, G D P is raised as a result o f the recognition o f the im plicit services p ro vided by the investm ent incom e o f prop erty and casu alty insurance com panies. Excluding the changes in definitions and classifica tions, current-dollar G D P is revised dow n by sm all am o u n ts for 1959-78 and for 1980; it is revised up slightly for 1979. For 1981 forw ard, the upw ard and dow nw ard revisions tend to be larger; the largest is a 1-percent upw ard revision for 2002. All the revisions to n ational incom e are upw ard, and they grow progressively larger; the largest revision is about 10 percent for 2002. The revisions m ainly reflect the redefinition o f national incom e to include all net incom es (net o f con sum ption o f fixed capital) earned in production, m ost notably taxes on produ ction and im ports; these taxes grew from $6.8 billion for 1929 to $760.1 billion for 2002.6 In addition, there are notable, som etim es offsetting, revisions to com pon en ts o f n a tional incom e, such as com pen sation o f employees, corporate profits, and net interest. For 1929-81, the revisions to personal incom e are sm all. For 1982 forw ard, the revisions are m ore n o ta ble, an d their pattern is m ixed; person al interest in com e tends to be the m ain contributor to the upw ard revisions through 1986. For 1987 forw ard, other co m ponents also contribute (see the section “ Personal in com e and its disposition” ). A dditional detail on GDP, gross dom estic incom e, an d other NIPA aggregates and their m ajor co m p o nents is presented below. For 1959, 1987, 1992, and 5. GDP is reduced because the consumption of these services by business 1997-2002, the revisions are sum m arized in appendix borrowers is treated as intermediate purchases that are not part of GDP. B. Table 3. Revisions to Gross Domestic Product, Gross Domestic Income, and Personal Income 1959 1987 1992 1997 2000 2001 2002 18.6 -74.6 -92.0 15.7 1.7 93.2 13.6 -75.9 -92.0 15.7 0.4 89.5 27.8 -63.8 -90.1 26.6 -0.3 91.6 34.6 -70.9 -82.3 9.1 2.3 105.5 2.9 -72.3 -82.3 9.2 0.8 75.2 -11.9 -64.6 -80.7 16.1 0.0 52.7 Billions of dollars Gross domestic product........................ Definitional............................................. New treatment of banking services... New treatment of insurance services Other................................................. Statistical............................................... Gross domestic income......................... Definitional............................................. New treatment of banking services... New treatment of insurance services Other................................................. Statistical............................................... Personal income...................................... Definitional............................................. New treatment of banking services... New treatment of insurance services Other................................................. Statistical............................................... -0.8 -0.3 -0.6 0.2 0.0 -0.5 -0.5 -0.3 -0.6 0.2 0.0 -0.2 -1.2 -1.0 -1.2 0.2 0.0 -0.2 -3.0 -16.0 -23.4 7.4 0.0 13.0 -21.3 -16.0 -23.4 7.4 0.0 -5.3 -15.1 -24.9 -33.0 8.1 0.0 9.8 18.8 -26.8 -34.5 6.0 1.8 45.6 -40.2 -27.5 -34.5 6.0 1.0 -12.7 -28.4 -30.1 -39.7 8.7 0.9 1.7 -14.1 -7.6 -79.6 -81.9 -84.6 -104.0 19.4 3.3 1.7 2.7 65.5 74.3 -9.0 -54.9 -80.4 -83.6 -84.6 -104.0 3.4 19.4 0.7 1.0 25.5 74.6 -21.9 23.1 -82.6 -81.9 -86.4 -105.4 4.2 22.4 0.4 0.3 105.7 60.0 Revision as a percentage of previously published Gross domestic product........................ Definitional............................................. New treatment of banking services... New treatment of insurance services Other................................................. Statistical............................................... Gross domestic Income......................... Definitional............................................. New treatment of banking services... New treatment of insurance services Other................................................. Statistical............................................... Personal income...................................... Definitional............................................. New treatment of banking services... New treatment of insurance services Other................................................. Statistical............................................... -0.2 -0.1 -0.1 0.0 0.0 -0.1 -0.1 -0.1 -0.1 0.0 0.0 0.0 -0.3 -0.3 -0.3 0.1 0.0 -0.1 -0.1 -0.3 -0.5 0.2 0.0 0.3 -0.4 -0.3 -0.5 0.2 0.0 -0.1 -0.4 -0.6 -0.8 0.2 0.0 0.2 0.3 -0.4 -0.5 0.1 0.0 0.7 -0.6 -0.4 -0.5 0.1 0.0 -0.2 -0.5 -0.6 -0.7 0.2 0.0 0.0 -0.2 -1.0 -1.0 0.0 0.0 0.8 -0.7 -1.0 -1.0 0.0 0.0 0.3 -0.3 -1.2 -1.2 0.1 0.0 0.9 -0.1 -0.8 -1.1 0.2 0.0 0.8 -0.1 -0.8 -1.0 0.2 0.0 0.7 0.3 -1.0 -1.3 0.3 0.0 1.3 0.2 -0.7 -0.9 0.2 0.0 0.9 0.1 -0.7 -0.9 0.2 0.0 0.9 0.3 -0.7 -1.0 0.3 0.0 1.1 0.3 -0.7 -0.8 0.1 0.0 1.0 0.0 -0.7 -0.8 0.1 0.0 0.7 -0.1 -0.7 -0.9 0.2 0.0 0.6 6. “Taxes on production and imports” includes the largest components of the discontinued series “indirect business tax and nontax liability” and con sists of Federal excise taxes, custom duties, state and local sales taxes, prop erty taxes, motor vehicle licenses, severance taxes, and other taxes and special assessments. Chart 1. Sources of Revision to Current-Dollar Comprehensive NIPA Revision 10 The rem ainder o f this section on revisions to the an nual current-dollar estim ates is organized according to the new seven-account fram ew ork for the NIPAs that w as in troduced in the com prehensive revision and that February 2004 replaces the old five-account fram ew ork.7 (Because o f the differences between the new an d the old fram e7. See, Mayerhauser, Smith, and Sullivan, 8-15. Acknowledgm ents Carol E. Moylan, Chief o f the National Income and Wealth Division, supervised the preparation o f this com prehensive revision o f the national income and product accounts. Brooks B. Robinson, Chief o f the Government Division, directed major parts of the revision. Brent R. Moulton, Associate Director for National Economic Accounts, provided overall supervision. Kali K. Kong— together with Stephen H. Andrews, Arnold J. Katz, Daniel Larkins, Karin E. Moses, Charles S. Robinson, David E Sullivan, Shelly Smith, and Ernest D. Wilcox— coordinated and conducted the estimation and review process. David F. Sullivan— together with Mary Carol Barron, Nicole M. Mayerhauser, Karin E. Moses, Shelly Smith, and Ernest D. Wilcox— coordinated the extensive presentational changes associated with the revision. Ernest D. Wilcox led the review o f the conversion o f the industry estimates o f income and employment from the 1987 Standard Industrial Classification basis to the 1997 North American Industry Classification System basis. Eugene P. Seskin and Daniel Larkins wrote the article with the assistance o f Teresa L. Weadock. Debra M. Blagburn, John L. Brougher, Arnold J. Katz, Kali K. Kong, Leonard J. Loebach, Karin E. Moses, and Shelly Smith prepared the tables for the article. Duane G. Hackmann, Andrew K. Hummel, Charles Ian Mead, Karin E. Moses, Todd P. Siebeneck, and Teresa L. Weadock prepared anal yses and other review materials for both the article and the news release. Mary Carol Barron, Michael J. Boehm, Ross F. Metzger, Lisa C. Ninomiya, James J. Raley III, John Sporing, Jr., and Mary D. Young, under the direc tion o f Robert A. Hill, developed and operated the com puter systems that were used to compile, check, analyze, and report the final estimates. Other BEA staff who made significant contributions to the revision are listed below. Personal consumption expenditures: Clinton P. McCully. Goods: M. Greg Key, Harvey L. Davis, Jr., Everette P. Johnson, Ralph W. Morris. Services: Michael Armah, Robert N. Ganz III, Brendan J. Leary, Farah Naz. Investment and foreign transactions: Paul R. Lally. Inventories and structures: Jennifer A. Ribarsky, Velma P. Henry, Soo J. Kim, Christopher Lucas, Tony Troy. Foreign transactions, equipment, software, and prices: David B. Wasshausen, Jeffrey W. Crawford, Andrew K. Hummel, Nadia F.P. Sadee, Todd P. Siebeneck, Linden L. Webber. Federal Government: Pamela A. Kelly, W. Robert Arm strong, Peter G. Beall, Aaron G. Brodsky, Maryan M. Chirayath, Christopher G. Falcone, Raymen G. LaBella, Andrea L. Cook, Brian T. Grube, Alex E. Kreston, Claire G. Pitzer, Michelle D. Robinson, Jay M. Rogers, Mary L. Roy, Benyam Tsehaye, Andrew E. Vargo, Ann M. Weidman. Special studies: Steven Payson, Jennifer A. Bennett, Wanda Y. Chambers, Thae S.Park, Charles S. Robinson, David F. Sullivan. State and local government: Bruce E. Baker, Steven J. Andrews, Benjamin D. Cowan, Alyssa E. Holdren, Janet H. Kmitch, Michael A. Mascaro, Andrew K. Strauss. Chain-type quantity and price measures: Michael J. Boehm, Karl V. Rohrer, John Sporing, Jr. Personal income: Kurt Kunze, Thae S. Park, Toui C. Pomsouvan. Employee compensation: Kurt Kunze, Sandra L. Clark, M. Terri Davenport, Mollie B. Knight, Jennifer R. Mykijewycz, James E. Rankin, Elijah S. Slack, Ernest D. Wilcox. Business income: Kenneth A. Petrick, Scott Okrent, Jerry L. Stone, Garth K. Trinkl, Dennis R. Weikel. Property income: Nicole M. Mayerhauser. Farm output and income: Bonnie A. Retus. Interest income: Shaunda M. Villones. Rental income o f persons and housing output: Denise A. McBride. Consumption o f fixed capital: Paul R. Lally. Private: Randal T. Matsunaga, Michael T. Cusick, Michael D. Glenn, Nadia F.P. Sadee. Government: Steven Payson, Jennifer A. Bennett, D. Timothy Dobbs, Charles S. Rob inson. NIPA information: Marilyn E. Baker, Virginia H. Mannering, Teresa L. Weadock. Secretarial and program assistance: Esther M. Carter, Katherine Dent, Angela P. Pointer. Other contributors to the definitional and statistical improvements include Gerard P. Aman, Baoline Chen, Ann E. Dunbar, Christian Ehemann, Dennis J. Fixler, Jennifer Frankovich, Barbara M. Fraumeni, Brad M. Gabel, Bruce T. Grimm, Melissa M. Hall, Leonard J. Loe bach, Charles Ian Mead, Joshua Phillips, Marshall B. Reinsdorf, Brian K. Sliker, George M. Smith, Karla L. Stanley-Alien, and Clifford H. Woodruff. February 2004 S urv ey of 11 C u rr e n t B u sin e ss w orks, it is not possible to show revisions for every ag gregate.) The discu ssion focuses on account 1, the dom estic incom e and p rod u ct account, which show s the consolidated p rod u ction o f all sectors o f the econ om y as the sum o f g o o d s and services sold to final u s ers an d as the su m o f incom es generated by the prod u ction o f those g oo d s and services. A new account 2, the private enterprise incom e account, is discu ssed next; this account provides ad dition al in form ation on the sources and uses o f incom e by private enterprises. The d iscu ssion s o f accounts 3 an d 4 follow ; these ac coun ts show the receipts an d expenditures o f the p e r son al sector an d the governm ent sector, respectively. A ccount 5 (show ing receipts an d expenditures o f the foreign sector) an d account 7 (show ing capital tran sac tion s w ith the rest o f the w orld) are discu ssed in the section “ Foreign transactions.” A b rie f d iscu ssion o f accoun t 6, which show s the saving an d investm ent o f the d om estic sectors o f the econom y, concludes this section o f the article. Domestic income and product 1987-90, G D I is revised dow n m ore than G D P; for 1991-94, G D I is revised dow n an d G D P is revised up; for 1995 an d 1997-2000, G D I is again revised dow n m ore than G D P (for 1996, G D I is revised dow n, and G D P is revised u p ); and for 2001 and 2002, G D I is re vised up less than GDP. For 1994-2002, the revised es tim ates o f the statistical discrepancy average 1.0 percent o f GDP, 0.3 percentage poin t m ore than in the previously publish ed estim ates. In the revised esti m ates, current-dollar G D P increases at an average a n nual rate o f 5.0 percent, 0.4 percentage poin t less than the increase in G D I. In the previously publish ed esti m ates, this difference w as 0.3 percentage point. Product-side com ponents Personal consumption expenditures (PCE) for goods. PC E for goo ds is revised dow n for 1983 an d 1984 an d revised up for 1985-2002; until 1989, the re vision s are less than $5.0 billion in absolute value (ta ble 4). U ntil 1994, upw ard revisions to PC E for goo d s Table 4. Revisions to Personal Consumption Expenditures [Billions of dollars] GDP. Before 1959, the revisions to G D P are sm all; through 1979, they rem ain below $4.0 billion in ab so lute value. For 1980 forw ard, the revisions becom e larger. For 1929-2002, the average annual grow th rate o f GDP, at 6.5 percent, is unrevised from the previ ously publish ed rate. As a percentage o f the level o f GDP, the revisions are dow nw ard for 1947-74 an d are m ixed thereafter: The revision is - 0 .2 percent for 1959, is 0.3 percent for 1992, an d is 0.3 percent for 2002. The largest revision is - 0 .4 percent for 1998. Gross domestic income (GDI) and the statistical discrepancy. Before 1959, the revisions to G D I are 1959 Total revision................................ Definitional................................................. New treatment of banking services...... New treatment of insurance services.... Statistical................................................... Source of revision by component Durable goods.......................................... Nondurable goods................................... Services.................................................... Definitional............................................. New treatment of banking services... New treatment of insurance services Statistical............................................... 1987 1992 1997 2000 2001 2002 -0.5 -5.1 25.6 18.1 55.7 58.4 81.6 -0.3 -15.8 -23.5 -67.1 -67.2 -51.5 -53.8 -0.5 -23.9 -32.1 -71.3 -89.6 -78.1 -69.9 8.1 8.7 4.2 22.4 26.6 16.1 0.2 -0.2 10.7 49.1 85.2 122.9 109.9 135.4 0.0 2.0 12.8 50.2 59.4 46.0 39.4 0.0 0.0 7.6 -22.6 -25.7 -27.7 -29.0 -0.5 -7.0 5.3 -9.4 21.9 39.9 71.2 -0.3 -15.8 -23.5 -67.1 -67.2 -51.5 -53.8 -0.5 -23.9 -32.1 -71.3 -89.6 -78.1 -69.9 0.2 8.7 4.2 22.4 26.6 16.1 8.1 -0.2 8.8 28.8 57.7 89.1 91.4 125.0 sm all. For 1959-77, the revisions to G D I are in the sam e direction as those to G D P and are o f sim ilar m ag nitude. As a result, there is little effect on the statistical discrepancy, w hich is the difference between G D P and G D I.8 For 1978-86, the revisions to G D P and to G D I continue to be in the sam e direction, bu t the m ag n i tudes differ m ore; thus, for som e o f these years, the sta tistical discrepancy is revised up, and for others, it is revised dow n. The revised estim ates (w ithout regard to sign) o f the statistical discrepan cy average 1.0 percent o f GDP, 0.2 percentage p o in t m ore th an in the previ ously publish ed estim ates. For 1987 forw ard, the statistical discrepancy is re vised up (becom in g m ore positive or less negative): For reflect upw ard revisions to both PC E for durable goo ds an d PC E for n on du rable goods; for 1994-2002, the re vision s reflect upw ard revisions to P C E for durable g o o d s that are partly offset by dow nw ard revisions to PC E for n ondurable goods. The revisions for all years reflect im proved estim ates o f used m o to r vehicles. For 1988-97, the revisions also reflect the in corporation o f the estim ates from the 1997 ben ch m ark in pu t-o utpu t (I-O ) accounts, an d for 1998-2002, the revisions reflect the extrapolation o f the 1997 1 -0 estim ates, usin g retail sales data for 1998-2000, newly available sales data fro m the 2001 A nnual Retail Trade Survey, and revised 2002 m onthly retail sales data.9 For 1985-90, the upw ard revisions to P C E for d u ra 8. In theory, GDP should equal GDI; in practice, GDP and GDI differ because their components are estimated using largely independent and less-than-perfect source data. See the box “The Statistical Discrepancy” in Robert P. Parker and Eugene P. Seskin, “Annual Revision of the National Income and Product Accounts,” S u r v ey , 77 (August 1997): 19. 9. The revised PCE estimates reflect the 1997 benchmark 1-0 accounts, except for the definitional and statistical changes that were implemented after the completion of the benchmark. See Ann M. Lawson, Kurt S . Bersani, Mahnaz Fahim-Nader, and Jiemin Guo, “Benchmark Input-Output Accounts of the United States, 1997,” S u r vey , 82 (December 2002): 19-109. 12 Comprehensive NIPA Revision February 2004 pied n on farm space rent, the revisions also reflect the in corporation o f newly available data on m ean gross rent from the 2001 A m erican H o u sin g Survey. The revisions to h ou seh old operation services never exceed $5 billion in absolute value. R evisions are gen erally dow nw ard from the m id-1970s to the early 1990s and upw ard thereafter. T h rough 1991, the revi sion s partly reflect the new treatm ent o f in suran ce ser vices as it pertain s to h ou seh old insurance; reupholstery and furniture repair services also con trib ute to the revisions, reflecting an im proved estim ate o f the con sum er share o f these services m ade possible by the conversion to the N orth A m erican Industrial C las sification System (N A IC S). A fter 1991, upw ard revi sion s prim arily reflected the in co rporatio n o f results from the 1997 1 -0 estim ates. U pw ard revisions to tran spo rtation services becom e notable from the m id-1980s. T h rough 1996, the largest contributor to the revisions is user-operated tra n sp o r tation, reflecting the new treatm ent o f insurance ser vices as it pertains to m otor vehicles. For 1997-2001, the revisions to “repair, greasing, w ashing, parking, storage, rental, an d leasing” also contribute, reflecting the results from the in co rporatio n o f the 1997 ben ch m ark 1 -0 estim ates and revised data for 2000 an d 2001 from the C en sus Bureau Service A nnual Survey (SA S). For 2002, the upw ard revision to tran sp o rtation ser vices is prim arily accoun ted for by insurance for m otor vehicles. M edical services is revised up, and the upw ard revi sion s increase over tim e, becom in g n otable in the 1980s. T hrough 1989, the revisions are prim arily a t tributable to insurance, reflecting the new treatm ent o f insurance services (in particular, w orkers’ co m p en sa tion ), an d to n ursin g h om es, reflecting the im proved allocation s to P C E co m m o d ity categories that are m ade possible as a result o f the conversion to N A ICS. Beginning w ith the estim ates for 1990, other categories o f m edical services becom e im p ortan t con tributors to the revisions. U pw ard revisions to “other professional services” reflect im proved estim ates o f paym ents to m edical laboratories b ased on newly in corporated SAS data for 1998; dow nw ard revisions to physicians’ ser vices reflect im proved allocations to PC E co m m o dity categories due to the conversion to N A IC S; an d for 2000-2002, upw ard revisions to n on profit h ospitals re flect the use o f newly available h ospital expense data for 2000 and 2001 from the A m erican H ospital A ssoci 10. The revised estimates reflect a revised consumer share for household ation and o f prelim inary SAS data for 2002. lodging expenditures, using newly incorporated source data on expendi Recreational services is revised up beginn in g with tures by U.S. residents, and the estimates now include spending by foreign 1978, an d the revisions generally increase over tim e. visitors on lodging in the United States. For additional details, see Moylan T hrough 1992, the revisions are prim arily to clubs and and Robinson, 22. ble g o o d s are prim arily due to m o to r vehicles and parts, reflecting the im proved estim ates o f net tran sac tions in used trucks that are based on valuing the change in unit stocks held by p erson s, a procedure sim ilar to that used fo r estim atin g net tran sactions in used autos. The valuation o f used trucks is b ased on average dealer used vehicle prices that are adju sted to w holesale values. For 1991-2002, d ata on auction prices are used to value used trucks an d used autos. For 1993-2002, upw ard revisions to new trucks, to used auto an d tru ck m argin s, an d to furniture an d h ou se h old equ ipm en t also contribute to the revisions to PC E for durable goo d s, prim arily reflecting the in co rp o ra tion o f results from the 1 9 9 7 1 -0 estim ates. For 1988-92, the upw ard revisions to PC E for n o n durable g oo d s are to gasoline and oil. For 1993-2002, the dow nw ard revisions to PC E for n on durable goo ds reflect dow nw ard revisions to fo od and to clothing and shoes that are partly offset by upw ard revisions to g as oline an d oil an d to “other n on durable goods.” The re vision s to gasoline and oil reflect im proved estim ates o f con su m p tion for rental vehicles, an im proved m eth o d o lo gy for in corp oratin g average price data from the Energy In form ation A dm in istration , an d the in co rp o ration o f ben ch m ark Federal Highw ay A dm in istration d ata on m otor vehicle fuel con sum ption . PCE for services. For 1929-73, the revisions to PC E fo r services are less than $1 billion in absolute value. For 1974 forw ard, the revisions generally becom e m ore notable; often sizable offsetting revisions occur am on g the subcategories o f services. The largest revisions to services are the upw ard revisions for 2000-2002. R evisions to h ou sin g services begin with 1968 and becom e larger over tim e. T hrough 1990, the upw ard revisions are prim arily attributable to “other h ou sin g services,” reflecting im proved estim ates o f hotel and m otel services.10 B egin n in g with the estim ates for 1991, the revisions to the im p uted space rent for ow ner-occupied dw ellings an d to rental paym ents for ten ant-occupied dw ellings becom e increasingly im p ortan t con tributors. T hese revisions prim arily reflect the in corporation o f revised h ou sin g-u nits data from the 2000 decennial C en sus o f Population an d H ousing. For 200 0 -2 0 0 2, the revisions to the space-rent esti m ates reflect new units d ata from the 2001 A m erican H ou sin g Survey an d from the 2002 C urrent P opula tion Survey/H ousin g Vacancy Survey. For tenant-occu February 2004 S u rv ey of C u r r e n t B u sin ess fraternal organizations, reflecting the im proved alloca tion s to P C E com m od ity categories. For 1993-2002, the revisions are also attributable to revisions to co m m ercial participant am usem ents, reflecting the in cor p o ratio n o f the 1997 ben ch m ark 1 -0 estim ates, o f revised SAS data for 2000 an d 2001, and o f prelim inary SAS d ata for 2002. “ O ther services” is revised dow n, and the revisions through 1977 are sm all. For 1978 forw ard, the revi sion s m ostly reflect dow nw ard revisions to “ services furnish ed w ithout paym ent by financial interm ediaries except life insurance carriers” as a result o f the new treatm ent o f banking services. “ R eligious and welfare activities” is also revised dow n, reflecting the im proved allocations to PC E categories. D ow nw ard revisions to “ expense o f h an dlin g life insurance an d pension plan s” reflect im proved estim ates o f accident an d health in surance expenses excluded from life insurance co m pany expenses, revised data on pension plan expenses and, for 2001 an d 2002, new expense data on legal re serve life insurance com panies. Beginning with the 1980s, the dow nw ard revisions to “other services” are m od erated by upw ard revisions to p erson al care ser vices, reflecting the in corporation o f the 1997 bench m ark 1 -0 estim ates, o f revised SAS data for 2000 and 2001, an d o f prelim inary SAS data for 2002. Nonresidential structures. In private fixed invest m ent, nonresidential structures is revised beginning with 1978; except for the revisions for 1997 and 1998, the revisions do n ot exceed $3.0 billion in absolute value (table 5). The revisions p rim arily reflect the inTable 5. Revisions to Gross Private Domestic Investment [Billions of dollars] Total revision........................... Definitional................................................. Inclusion of materials and supplies in farm inventories.................................. Statistical................................................... Source of revision by component Private fixed investment......................... Nonresidential........................................ Structures.......................................... Equipment and software................... Residential............................................. Change in private inventories................ Definitional............................................. Statistical............................................... 1959 1987 1992 1997 2000 2001 2002 0.0 0.0 3.5 0.0 -1.8 1.3 -0.7 -19.9 0.4 0.6 21.2 -0.6 -4.0 -0.2 0.0 0.0 0.0 3.5 1.3 -3.1 0.4 0.6 -1.1 -20.5 -0.6 21.8 -0.2 -3.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.5 -3.1 -9.9 -12.8 -2.9 -5.4 -2.6 -14.0 -30.7 -33.7 -27.5 -37.2 2.1 0.4 -5.5 -1.0 -2.4 -3.0 -4.8 -14.3 -25.3 -32.7 -25.1 -34.2 6.1 10.8 20.9 20.9 24.4 31.8 0.0 1.3 9.1 -7.1 24.2 1.5 0.0 1.3 0.4 0.6 -0.6 -0.2 0.0 0.0 8.7 -7.7 24.8 1.7 13 m ent, dow nw ard revisions to equipm en t an d software begin w ith 1978 and becom e increasingly large, bu t they do n ot exceed $5 billion until 1988. For 1988-98, the revisions prim arily reflect dow nw ard revisions to com pu ter softw are and to tran sportation equ ipm en t.12 The revisions to softw are m ainly reflect the im prove m en ts in the m easurem ent o f com puter softw are that were in troduced in the 1997 ben ch m ark 1 -0 ac co u n ts.13 The revisions to tran sportation equipm en t m ainly reflect im proved estim ates o f net purchases o f used light tru ck s.14 For 1999 forw ard, the dow nw ard revisions to equipm en t and softw are are m oderated by upw ard revisions to com puters and peripheral equ ip m ent that prim arily reflect the recognition o f selected services o f system s integrators as capital investm ent.15 Residential fixed investment. N otable upw ard revi sions to residential fixed investm ent begin with 1987. The m ajor con tributors to the revisions are “residential im provem en ts” an d single-fam ily structures. The revi sions to im provem ents prim arily reflect the use o f a new m oving-average m eth odology that reduces the volatility o f the estim ates due to the erratic nature o f the source d ata.16 The revisions to single-fam ily stru c tures reflect the in corporation o f revised an d newly available C en sus Bureau data on the value o f co n stru c tion put-in-place. Change in private inventories. C h ange in private inventories is calculated by adju stin g inventories re ported by businesses on a book-value basis to a current-period, replacem ent-cost basis by rem oving inventory profits and losses. The inventory valuation adju stm en t (IVA), which is calculated as the change in private inventories less the change in b o o k values, re flects inventory price changes for firm s that value in ventory w ithdraw als at acquisition (historical) cost. The revisions to farm inventories begin with 1991 and do n ot exceed $4.0 billion in absolute value. The revisions th rough 1995 reflect the definitional change that added farm m aterials and supplies to the change 12. The revisions to “other information processing equipment and soft ware” that offset the revisions to “other equipment and software” result from the reclassification of electromedical equipment between these cate gories that was implemented in the 1997 benchmark 1-0 accounts. 13. The improvements include the capitalization of software originals used for reproduction, more direct calculation of the total costs of produc corporation o f revised data from C en sus Bureau su r ing own-account software, improved estimates of intermediate consump tion of software (embedded or bundled with other equipment), and the veys o f the value o f con struction put-in -place and the expansion of the coverage of international trade in software; see Lawson, et in corp oration o f the 1997 ben ch m ark 1 -0 estim ates.11 al., 26-28. 14. See Moylan and Robinson, 21-22. Equipment and software. In private fixed invest 15. Computer systems integrators plan and design computer systems that integrate computer hardware, software, and communication technologies 11. For 1997 forward, estimates of nonresidential structures reflect the for their customers. Most output of systems integrators was capitalized for new Census Bureau classification of a structure by its function instead of by the first time in the 19971-0 accounts; see Lawson, et al., 28. its type; see Mayerhauser, Smith, and Sullivan, 22. 16. For further details, see Moylan and Robinson, 23. 14 Comprehensive NIPA Revision in farm inventories.17 For 1996 forward, the revisions also reflect revised data on crop harvest and sales and on livestock inventory change from the U.S. Depart ment of Agriculture (USDA).18 The revisions to private nonfarm inventories begin with 1997 and show both upward revisions and down ward revisions. The revisions primarily reflect the in corporation of newly available and revised Census Bureau data on inventory book values, of new com modity weights from the 1997 benchmark 1-0 ac counts, of newly available and revised Census Bureau data on the accounting methods used in inventory re porting, of revised BEA unit-labor-cost indexes, and of revised producer price indexes from the Bureau of La bor Statistics (BLS). The relatively large upward revi sion for 2001 is mostly to manufacturing and to retail trade inventories, primarily reflecting the incorpora tion of newly available annual Census Bureau data on inventory book values. Net exports of goods and services. Through 1987, the revisions to net exports of goods and services are small, at first upward and then downward, and they do not exceed $5.0 billion in absolute value (table 6). For February 2004 of banking services.19 The revisions for 1983-86 are small. For 1987 forward, exports of services are gener ally revised down, primarily reflecting the new treat ment of banking services, and imports of services are generally revised up, primarily reflecting the new treat ment of insurance services. For some years, the statisti cal changes contribute to the upward revisions to the services estimates; for other years, they moderate the revisions. The statistical changes primarily reflect re vised estimates from the international transactions ac counts (ITAs) that were not previously incorporated into the NIPAs.20 The revisions to exports and imports of goods begin with 1989, reflecting the incorporation of revised esti mates from the ITAs. The revisions are relatively small; in absolute value, the largest revision is a downward re vision of $5.8 billion to exports of goods for 2002. Government consumption expenditures and gross investment. The revisions to government consump tion expenditures and gross investment (hereafter re ferred to as “government spending”) for 1929-59 are small (table 7). The revisions to government spending Table 6. Revisions to Net Exports of Goods and Services Table 7. Revisions to Government Consumption Expenditures and Gross Investment [Billions of dollars] [Billions of dollars] Total revision................................. Definitional.................................................. Statistical.................................................... Source of revision by component Exports...................................................... Goods..................................................... Services.................................................. Definitional.......................................... New treatment of banking services New treatment of insurance services....................................... Reclassification of military grants Statistical............................................ Im ports...................................................... Goods..................................................... Services.................................................. Definitional.......................................... New treatment of insurance services....................................... Statistical............................................ 1959 1987 1992 2.1 2.1 0.0 -2.9 -4.0 1.1 -5 J3 -12.3 -14.0 -17.6 -2.7 -5.9 -10.3 -15.4 -20.5 -16.3 0.6 -2.0 1.4 2.9 13.6 1997 2.1 0.0 2.1 2.1 0.1 -1.7 0.0 -1.7 -2.8 -3.3 -1.5 -11.1 -4.8 -0.7 -1.2 -0.7 -0.7 -9.9 -4 2 -2.1 -9.2 -9.7 -3 7 -9.6 -12.3 0.0 2.0 0.0 0.0 0.0 0.0 0.0 0.5 0.1 1.1 1.2 0.0 1.2 12 0.6 1.0 1.4 4.0 0.0 3.8 3.8 0.1 0.3 -0.7 1.1 0.2 0.8 1.0 0.0 0.0 1.2 0.0 3.8 0.0 1.0 -0.2 2000 2001 2002 1.0 -2.0 3.0 -4.2 -8.9 -8.1 -5.8 -2.2 -6.8 -9.4 2.4 0.2 5.5 9.2 0.4 8.8 5.7 4.5 0.3 7.2 18.7 0.8 17.8 16.3 2.4 0.3 4.6 -6.4 -1.8 -3.7 9.6 5.7 3.1 16.3 9.6 1.5 -13.3 1988-2001, the revisions are downward and tend to be larger; for 2002, the revision is small and downward. Through 1982, the revisions are only to exports of ser vices and are mainly upward, reflecting the reclassifica tion of military grants-in-kind and the new treatment 17. The stock of farm inventories includes materials and supplies begin ning with the first quarter of 1991. For that quarter, the change in invento ries is based on an unpublished estimate o f the stock for the fourth quarter of 1990 that also includes materials and supplies. For the first quarter of 1991, therefore, the published change in farm inventories does not equal the difference between the published levels of the stocks. This definitional change is discussed in Moulton and Seskin, 27. 18. Farm inventories are measured on a current-market-price basis; therefore, the IVA is not needed. Total revision.................................. Definitional................................................... New treatment of insurance services...... New treatment of banking services........ Reclassification of military grants........... Reclassification of Indian tnbal governments........................................ Statistical..................................................... Source of revision by component Federal........................................................ National defense.................................... Consumption expenditures.................. Definitional....................................... Military grants.............................. Statistical.................... .................... Investment........................................... Nondefense............................................ Consumption expenditures.................. Definitional....................................... New treatment of banking services Statistical......................................... Investment........................................... State and loca l........................................... Consumption expenditures..................... Definitional........................................... New treatment of insurance services...................................... New treatment of banking services. Reclassification of Indian tribal governments................................ Statistical............................................. Investment............................................... Definitional........................................... Statistical............................................. 1959 1987 1992 -2.5 -2.1 0.0 -0.2 -2.0 1.6 3.7 -0.1 3.9 -0.1 0.5 -19.2 -29.4 -43.3 -40.4 1.3 -2.5 0.0 -2.2 -0.5 0.1 0.5 0.9 0.3 0.3 -5.1 -3.0 1.3 -3.6 -2.1 -1.0 -0.3 -0.2 -0.3 -0.3 0.0 -0.4 0.0 -2.1 2.1 2.3 2.5 0.5 1.3 -0.8 -16.7 -29.4 -41.1 -39.9 -2.0 -2.2 -2.1 -2.0 -2.0 -0.1 0.0 0.1 0.1 0.1 -0.3 -1.2 -1.2 -0.1 -0.1 -1.1 0.0 0.7 0.7 0.8 -0.6 -1.6 -1.6 -1.0 -1.0 -0.6 0.0 1.0 1.0 1.0 0.1 0.0 0.0 -0.4 -0.4 -0.2 0.8 -0.1 0.0 1.9 1.9 3.0 0.7 -0 ./ -0.3 1.0 -0.4 0.7 5.2 5.5 8.5 0.0 0.0 -4.6 -11.7 -13.2 -13.4 1.0 -11.9 -19.0 -28.1 -26.1 1.1 -7.5 -20.1 -27.6 -29.9 1.3 -1.8 -0.5 -1.2 -0.1 0.0 -0.2 -0.1 3.1 0.5 0.3 0.0 -0.2 0.0 0.0 0.0 0.0 -1.1 0.0 0.0 0.0 0.5 -0.2 0.0 0.0 0.0 1997 2000 2001 2002 -7.3 -10.4 -15.2 -14.2 -3.0 -4.6 -8.9 -9.1 0.1 -1.7 -3.9 0.5 -0.3 -0.2 -0.3 -0.3 -0.3 -0.2 -0.3 -0.3 0.8 0.3 -1.4 -3.6 -3.5 -4.7 -5.3 -5.1 -4.3 -5.8 -8.3 -5.1 5.9 4.8 8.2 0.3 -0.4 0.7 -0.7 -0.3 0.1 -3.2 0.3 -2.9 0.9 -4.4 0.3 -2.9 2.1 1.3 2.3 2.5 -5.7 -19.6 -26.4 -29.8 -4.4 3.7 1.1 -0.4 0.0 0.0 0.0 0.0 -4.4 3.7 1.1 -0.4 19. Military grants-in-kind are reclassified from Federal Government consumption expenditures and gross investment to exports of services; for a further discussion o f this reclassification, see Moulton and Seskin, 30. 20. The annual revisions of the ITAs are usually published in the July issue of the S u r v e y , most recently in Christopher L. Bach, “Annual Revision of the U.S. International Accounts, 1992-2002,” S u r v e y , 83 (July 2003): 32-57. February 2004 S u rv ey of 15 C u r r e n t B u sin e ss for 1959 forw ard are dow nw ard (except for 1985-88 an d 1992), and they do not exceed $7 billion in a b so lute value until 1997. T hrough 1975, the revisions are prim arily accounted for by Federal G overnm ent spen din g; for 1976-84, they are attributable to both Federal G overnm ent spen din g an d state and local gov ernm en t spen din g. For 1985-88, upw ard revisions to state an d local governm ent spen din g m ore than offset dow nw ard revisions to Federal G overnm ent spending. For 1989-96, both Federal G overnm ent spen ding and state an d local governm ent spen din g contribute to the revisions, and for 1997 forw ard, state an d local govern m en t spen din g is the larger con tributor to the revi sions. For Federal G overnm ent spen din g, the dow nw ard revisions through 1972 are m ainly to nation al defense spen din g an d reflect the reclassification o f m ilitary grants-in-kind, b u t the statistical changes (new source data an d m eth odologies) also contribute. For 1973-86, the statistical changes are often the p rim ary con trib u tor to the dow nw ard revisions. T hrough 2002, the sta tistical changes m ainly affect general governm ent con sum p tion o f fixed capital and reflect im proved esti m ates o f prices for m ilitary equipm ent; for 1993-2002, the statistical changes also reflect revised estim ates o f softw are investm ent. The new treatm ent o f ban king services also contributes to the revisions to Federal G overnm ent spen din g; m o st notably, it raises spen ding for 1985-94 an d 1999, an d it reduces spen din g for 1995-98 an d for 2000-2002. For state an d local governm ent spen din g, the revi sion s through 1996 are generally sm all; the exception is a relatively large upw ard revision for 1986, prim arily reflecting the new treatm ent o f ban kin g services.21 For 1997 an d 1998, the large dow nw ard revisions are prim arily to em ployee com pen sation an d reflect the in corp oration o f newly available m edical insurance data for governm ent em ployees from the BLS survey on em ployer costs for em ployee com pen sation. For 1999-2002, the large dow nw ard revisions prim arily re flect the in corp oration o f G overnm ent F in an ces data. Incom e-side com ponents Compensation of employees, paid. This aggregate show s the incom e accruin g to em ployees for their w ork for dom estic p rod u ction ; it includes com pen sation paid to the rest o f the w orld and excludes co m pen sa tion received from the rest o f the w orld.22 The revisions to com pen sation reflect revisions to w age an d salary disbursem ents and to supplem en ts to w ages an d salaries (table 8). (“ R evisions” refers to the Table 8. Revisions to Compensation of Employees, Paid [Billions of dollars] Total revision1.............................. Definitional.................................................. Statistical.................................................... Source of revision by component Wage and salary accruals...................... Definitional.............................................. Reclassification of miscellaneous compensation.................................. Mass transit benefits........................... Statistical................................................ Supplements to wages and salaries...... Definitional.............................................. Statistical................................................ Employer contributions for employee pension and insurance funds2....... Definitional.......................................... Reclassification of miscellaneous compensation............................. Statistical............................................ Employer contributions for government social insurance ....... 1959 1987 1992 1997 2000 2001 2002 0.0 0.0 0.0 -5.3 0.0 -5.3 -9.7 0.0 -9.7 9.9 0.0 9.9 58.0 0.0 58.0 64.4 0.1 64.3 48.2 0.1 48.1 0.0 0.0 0.5 0.4 -2.6 -11.7 0.6 0.8 -8.4 0.9 -8.9 -23.1 1.1 1.1 0.0 0.0 0.0 -0.1 0.0 -0.1 0.4 0.0 0.1 -5.9 -0.4 -5.5 0.8 0.6 0.0 0.0 -3.2 -12.5 -7.0 21.7 -0.6 -0.8 -6.4 22.5 1.0 0.9 1.0 0.1 0.1 0.0 -9.3 -10.0 -24.2 66.3 73.3 71.4 -0.9 -1.0 -1.0 67.2 74.3 72.4 -0.1 0.0 -5.9 -0.4 -7.0 -0.6 22.1 -0.8 65.7 -0.9 72.2 -1.0 69.8 -1.0 0.0 -0.1 -0.4 -5.5 -0.6 -6.4 -0.8 22.9 -0.9 66.6 -1.0 73.2 -1.0 70.8 0.0 0.0 0.0 -0.4 0.6 1.0 1.6 1. Revisions are calculated by comparing the new series ‘compensation of employees, paid’ with the previ ously published estimates of “compensation of employees, domestic industries" (NIRA table 6.2, line 2). 2. Revisions are calculated by comparing this new series with the previously published estimates of ‘other labor income”. differences between this new series an d the previously publish ed estim ates o f “com pen sation o f em ployees, dom estic in du stries” show n in N IPA table 6.2.) For 1929-88, the revisions to w ages an d salaries are u p w ard an d sm all, reflecting the reclassification o f m is cellaneous com pen sation fro m sup plem en ts to w ages and salaries. For 1989 forw ard, the revisions are dow n w ard an d becom e larger, bu t they rem ain less than $5 billion in absolute value until 1995. T he dow nw ard re vision s generally reflect dow nw ard revisions to private w ages an d salaries, resulting from m ore fully in co rp o rating the 1996 an d 2000 nonfiler tab ulation s an d im provem ents in the estim ation o f other m isreported w ages an d salaries. These dow nw ard revisions to p ri vate w ages an d salaries also reflect the reclassification o f the w ages an d salaries o f em ployees o f Indian tribal governm ents from the private sector to the govern m ent sector. The large dow nw ard revision for 2002 prim arily reflects the m ore com plete in corporation o f BLS tabulation s o f wage an d salary data for private-sector em ployees an d state an d local governm ent em ployees w ho are covered by state unem ploym ent 21. For 1990 forward, state and local government spending is also raised 22. This measure o f compensation differs from the measure that is a com as a result o f the reclassification o f Indian tribal governments and enter ponent o f national income. The national income measure excludes com prises from the private sector to the state and local government sector; see pensation paid to the rest o f the w orld and includes compensation received M oulton and Seskin, 28. from the rest o f the world. Comprehensive NIPA Revision 16 in suran ce.23 T he revisions to supplem en ts are dow nw ard and sm all through 1986; for 1987-95, they rem ain dow n w ard b u t are generally larger. For 1996 forw ard, the re vision s are upw ard an d are very large for 1997-2002. The revisions reflect the pattern o f revisions to em ployer con tribution s for pension an d insurance funds. T he revisions to em ployer con tribution s for pen sion s begin with 1988 an d reflect im provem ents in m eth od ology an d the use o f m ore com plete source data, espe cially pension d ata from the D ep artm en t o f Lab or (D O L ) for 1988-98. The relatively large revisions for 1995 forw ard reflect the in corporation o f D O L tab u la tions o f pension d ata for 1995-98 that becam e available subsequ en t to the 1999 N IPA com prehensive revision. D ow nw ard revisions to em ployer con tribution s for health insurance for 1987-95 reflect an im proved m eth od ology that m akes the estim ates for these years consistent with the estim ates for 1996 forw ard, which in corporate data fro m the annual m edical expenditure panel survey (M E P S) from the D ep artm en t o f H ealth an d H u m an Services.24 The dow nw ard revision for 1996 reflects the in corp oration o f M EPS d ata for that year. For 1997 forw ard, upw ard revisions reflect the in23. For the final GDP estimate each quarter, unemployment insurance (UI) data for the preceding quarter are incorporated; however, subsequent revisions to the wage and salary estimates occur during annual and com prehensive revisions for at least three reasons: (1) The UI data for the gov ernment sector and for the households and institutions sector are not incorporated until the annual and comprehensive revisions to avoid revis ing GDP for the preceding quarter, (2) the UI data may be revised, and (3) revised seasonal factors are incorporated. 24. The estimates of employer contributions for health insurance first incorporated the MEPS data on a “best-level” basis for 1997 forward during the 2000 annual revision of the NIPAs; see Eugene P. Seskin and David F. Sullivan, “Annual Revision of the National Income and Product Accounts,” S urvey , 80 (August 2000):28. Table 9. Revisions to Other Income Components [Billions of dollars] 2000 2001 2002 -0.8 -21.4 -26.8 -34.2 -44.7 0.0 0.0 0.0 -43.7 0.0 -45.0 -47.3 -40.3 -46.8 1959 Taxes on production and imports1...... Definitional............................................ Reclassification of nontaxes as transfers......................................... Statistical............................................... Less: Subsidies....................................... Definitional............................................ Statistical............................................... Business current transfer payments.... Definitional............................................ Reclassification of nontaxes as transfers......................................... New treatment of insurance services Reclassification of nonresident taxes paid by domestic corporations...... Statistical............................................... Current surplus of government enterprises........................................... Definitional............................................ Reclassification of Indian tribal governments.................................. Statistical............................................... 1987 1992 1997 0.0 -43.7 -47.3 -46.8 0.0 0.0 0.0 2.3 -0.8 -21.4 -26.8 -34.2 -1.0 6.5 0.0 -0.1 0.2 0.0 -8.0 0.0 -1.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.0 -8.0 0.0 -1.1 0.0 -0.1 0.4 9.6 14.3 13.1 43.4 50.0 45.7 -4.3 -9.8 -16.6 40.3 -0.1 43.9 47.1 0.0 0.0 0.0 -0.9 0.0 -4.3 0.0 -7.7 43.7 10.4 47.3 9.0 46.8 2.7 -0.1 0.5 -3.4 13.9 -5.5 24.1 -8.9 -10.2 29.7 -0.5 -9.2 2.9 -9.2 5.4 0.0 0.0 0.0 0.0 0.1 0.1 -1.3 0.4 -4.8 0.6 -6.8 -10.9 0.7 0.8 0.0 0.0 0.0 0.0 0.1 0.0 0.4 -1.7 0.6 -5.4 0.7 0.8 -7.5 -11.7 1. Revisions are calculated by comparing the new series laxes on production and imports” with the previ ously published series Indirect business tax and nontax liabilities." February 2004 corporation o f m ore com plete and newly available source data. Taxes on production and imports. For all years, taxes on p rodu ction an d im p orts (form erly, indirect business taxes) are reduced by the reclassification o f m ost nontaxes as transfers and o f Federal O uter C o n ti nental Shelf royalties an d state and local rents and roy alties as incom e receipts on assets (table 9). Revisions reflecting this reclassification are generally larger (in absolute value) than those reflecting statistical changes. For 2000-2002, the statistical changes include upw ard revisions to state and local property taxes that reflect newly available G overnm ent F in an ces data. The revisions to p roperty taxes are partly offset by dow n w ard revisions to Federal taxes that reflect data from the Alcohol an d Tobacco Tax an d Trade B ureau for fis cal years 2001 an d 2002 and from the Internal Revenue Service (IR S) Statistics o f Incom e for fiscal year 2001 and partial data for fiscal year 2002. Subsidies. The revisions to subsidies, which is now presented separately from current surplu s o f govern m ent enterprises, are less than $2.0 billion in absolute value for all years except 2002, when it is revised down $8.0 billion. The revision for 2002 prim arily reflects the in corporation o f revised data on agricultural su b si dies from the USDA. Net operating surplus. T his new com ponent is a profits-like m easure that show s business incom e after subtracting the costs o f com pen sation o f employees, taxes on produ ction and im p orts (less subsidies), and con sum ption o f fixed capital from gross produ ct (or value added) b u t before subtractin g financing costs (such as net interest) an d bu sin ess transfer paym ents. N et operating surplu s consists o f net operating surplus o f private enterprises an d the current surplu s o f gov ernm ent enterprises.25 Current surplus of government enterprises. The revisions to the current surplu s o f governm ent enter prises begin with 1988. T hrough 1999, the revisions re m ain less than $2.0 billion in absolute value; relatively large dow nw ard revisions for 2 000-2002 reflect the in corporation o f newly available G overnm ent Fin ances data for state and local governm ents, o f data from the Tennessee Valley A uthority for 2000-2002, o f data from the U.S. Postal Service for 2002, an d o f data from the fiscal year 2004 Budget on Federal crop insurance. Consumption of fixed capital (CFC). C FC , which is the charge for the using up o f private an d governm ent 25. The net operating surplus of private enterprises is a new aggregate; therefore, revisions to the aggregate cannot be discussed. Revisions to its components are discussed in the section, “Private enterprise income.” February 2004 S u rv ey of 17 C u rr e n t B u sin e ss fixed capital, is revised dow n for m o st years (table 10). The revisions are less than $5.0 billion in absolute value through 1980 an d becom e larger thereafter. The revisions are m ostly accounted for by dow nw ard revi sion s to the private com pon en t (com prisin g b u si nesses, h ouseholds and institutions, an d n on profit in stitution s serving h ou seh old s); these dow nw ard revi sion s reflect the in corporation o f revised estim ates o f C F C for autos an d software, revised estim ates o f in vestm ent for 1992 forw ard, an d revised prices.26 C ap ital con su m p tion allow ances (C C A )— th at is, tax-return -based depreciation for corp oration s and n on farm proprietorsh ips an d BEA estim ates o f historical-cost depreciation (usin g consistent service lives) for farm proprietorsh ips, an d rental incom e o f p erson s— is revised dow n for all years. The revisions p rim arily reflect the reclassification o f ow ner-occupied h ou sing an d o f fixed assets ow ned and used by n on profit in sti tu tion s from the bu sin ess sector to the h ou seholds and in stitution s sector. For 2 0 0 0-2002, the revisions to C C A for corporation s and for n on farm p rop rieto r ships also reflect revised IRS tabulation s o f tax returns o f co rp oratio n s for 2000, newly available tabulation s for 2001, an d newly available tabulation s o f tax returns o f sole prop rietorsh ip s an d p artn ersh ips for 2001. vate enterprise incom e.27 Because o f the new account structure, the discu ssion o f revisions will focus on the com pon en ts show n in national incom e. Proprietors’ income with inventory valuation ad justment (IVA) and capital consumption adjustment (CCAdj).28 For 1929-97, m ost o f the revisions are dow nw ard, and they rem ain below $5.0 billion in a b solute value until 1991 (table 11). For 1998, the reviTable 11. Revisions to Proprietors’ Income with Inventory Valuation and Capital Consumption Adjustments [Billions of dollars] Total revision........................... Definitional............................................ Statistical.............................................. Source of revision by component Farm..................................................... Definitional........................................ Inclusion of materials and supplies in farm inventories.... Reclassification of farm housing Statistical.......................................... Nonfarm............................................... 1959 1987 1992 1997 2000 2001 2002 -1.1 -1.4 0.3 -1.7 -2.3 0.6 -6.7 -3.4 -3.3 -5.2 -5.4 0.2 13.6 -5.6 19.2 42.7 -7.0 49.7 41.2 -6.3 47.5 -0.9 -1.4 -0.3 -2.3 1.8 -3.4 4.5 -5.4 0.1 -5.6 6.0 -7.0 1.4 -6.3 0.0 -1.4 0.5 -0.3 0.0 -2.3 2.0 -1.3 0.9 -4.3 5.2 -8.7 0.3 -5.7 9.9 -9.7 0.4 -6.0 5.7 13.5 -0.4 -6.6 13.0 36.8 -0.1 -6.2 7.7 39.7 sion is upw ard and sm all, an d for 1999, it is dow nw ard and slight; for 2000-2002, the revisions are upw ard and large. T hrough 1987, the revisions generally reflect dow nw ard revisions to both farm an d n on farm p ro p ri etors’ incom e. For 1988 and 1989, the upw ard revi sions reflect sm all upw ard revisions to both farm and Private enterprise income n on farm proprietors’ incom e. For 1990 forw ard, the T he private enterprise incom e accoun t is a new su m revisions prim arily reflect the pattern o f revisions to m ary account that presents the sources and uses o f pri- non farm proprietors’ incom e. The revisions to farm proprietors’ incom e reflect the reclassification o f farm h ou sin g services from p ro 26. The estimates of investment and prices are direct inputs into the cal culation of both private and government net capital stocks, which are used prietors’ incom e to rental incom e o f person s.29 For to calculate CFC. 1987 forw ard, the revisions also reflect newly in co rpo rated data on farm ou tpu t, interm ediate purchases, subsidies, and factor incom es from the USDA. Table 10. Revisions to Consumption of Fixed Capital For 1973-2000, the revisions to non farm p rop ri [Billions of dollars] etors’ incom e (w ithout IVA an d C C A dj) prim arily re 2002 1959 1987 1992 1997 2000 2001 flect a num ber o f statistical im provem ents. The Total revision.......................................... -1.8 -24.2 -35.6 -38.9 -41.1 -62.4 -104.9 estim ates for 1987 forw ard reflect an adjustm en t to 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.8 -24.2 -35.6 -38.9 -41.1 -62.4 -104.9 rem ove the double-counting o f partnership incom es Source of revision by component an d a new m eth odology to fully in corporate portfolio Private................................................................. -1.6 -22.9 -34.9 -32.1 -27.2 -45.8 -86.1 -8.1 -92.5 -131.8 -157.3 -181.9 -213.2 -261.4 interest received from financial partn ersh ips.30 The -4.3 -40.5 -67.9 -68.0 -93.2 -137.3 -143.4 Definitional............................................... -4.4 -35.9 -58.2 -75.7 -94.9 -102.5 -108.0 large revisions for 2001 and 2002 also reflect the incor Reclassification of owner-occupied housing and nonprofit fixed assets1 -4.4 -35.9 -58.2 -75.7 -94.9 -102.5 -108.0 p oration o f newly available tabulations o f tax returns -9.7 -12.3 1.7 -34.8 -35.4 0.1 -4.6 63.9 88.7 Less: Capital consumption adjustment....... 3.8 52.0 69.3 75.9 118.0 o f sole proprietorsh ips and partn ersh ips for 2001 from 2.0 Reclassification of owner-occupied housing and nonprofit fixed assets1. Statistical.................................................. Households and institutions............................. 33.6 38.6 49.4 59.9 64.9 67.2 27. Private enterprises consist of private businesses, owner-occupied housing, and (for purposes of estimating monetary and imputed interest payments and imputed interest receipts) nonprofit institutions serving households. 28. The CCAdj is the difference between depreciation based on tax return data and consumption of fixed capital (the NIPA estimate of depreciation). 1. Owner-occupied housing and fixed assets owned and used by nonprofit institutions have been reclassified from the 29. For further details, see Moulton and Seskin, 28-29. 30. See Moylan and Robinson, 26. business sector to the households and institutions sector. 2.0 1.8 6.4 6.4 Government........................................................ -0.1 General government........................................ -0.1 Government enterprises.................................. 0.0 33.6 18.4 69.5 69.5 -1.1 -1.1 0.0 38.6 25.3 96.8 96.8 -0.7 -0.7 0.0 49.4 19.9 125.1 125.1 -6.8 -6.4 -0.4 59.9 28.8 154.8 154.8 -13.9 -13.1 -0.9 64.9 11.0 167.4 167.4 16.5 -15.3 -1.3 67.2 50.8 175.2 175.2 -18.8 -17.4 -1.4 February 2004 Comprehensive NIPA Revision 18 the IRS. Rental income of persons with CCAdj. T hrough 1977, the revisions to rental incom e o f p erson s with C C A dj are upw ard an d sm all. For 1978-1991, the p a t tern o f revisions is m ixed, an d the sizes o f the revisions rem ain below $4.0 billion in absolute value (table 12). Table 12. Revisions to Rental Income of Persons with Capital Consumption Adjustment [Billions of dollars] Total revision................................. 1959 1987 1992 1997 2000 2001 2002 1.0 1.4 1.4 -0.4 -2.3 2.3 2.3 -4.6 14.7 4.3 4.3 10.4 0.5 5.7 5.7 -5.2 3.7 6.0 6.0 -2.3 25.2 6.6 6.6 18.6 30.6 6.2 6.2 24.4 For 1992 forw ard, the revisions are m ostly upw ard; for 2001 an d 2002, they are particularly large. For all years, the revisions reflect the reclassification o f farm h o u s ing services to rental incom e. The revisions for 2001 an d 2002 also reflect the in co rp oratio n o f newly avail able source d ata from the C en sus Bureau’s 2001 A m er ican H ou sin g Survey an d the 2002 C urrent P opulation Survey/H ousin g V acancy Survey. Corporate profits with IVA and CCAdj. T hrough 1980, the revisions to corporate p rofits w ith IVA and C C A dj are generally upw ard an d below $3.0 billion in absolute value. For 1981 forw ard, the revisions are all upw ard an d becom e larger; the revision for 2002 is very large (table 13). T h rough 1999, the revisions largely reflect the pattern o f revisions to the C C A dj.31 The revisions for 200 0 -2 0 0 2 also reflect the in co rp o ra tion o f revised IRS tabulation s o f corporate tax returns for 2000 an d newly available IRS tab ulation s for 2001. In addition , the revision for 2002 reflects a new stock-option s adju stm en t to the extrapolation o f the tax return data for 2001 to reflect the anticipated change in exercised stock o p tio n s that will be included in the tax return d ata for 2002 w hen the data becom e available. For 1982 forw ard, profits from the rest o f the w orld are revised; the revisions are below $5.0 billion in absolute value an d generally upw ard th rough 2000; for 2001 an d 2002, the revisions are upw ard an d larger. The C C A dj for all years except 1978 an d 1979 is re vised up. T hrough 1980, the revisions are less than $3.0 billion, and then they becom e larger. They reflect the revisions to C C A and C F C discu ssed earlier. For 1997 forw ard, the IVA is revised up. The revi sion s reflect the use o f revised co m m o d ity weights from the 1997 ben ch m ark 1 -0 accounts an d revised price data (see the section “ C h ange in private invento\ n e s » ). Net interest and miscellaneous payments. T hrough 1974, the revisions to “ net interest an d m is cellaneous paym en ts” (form erly, net interest) are less than $1.0 billion in absolute value (table 14). For 1975-86, the pattern o f revisions is m ixed, an d the sizes o f the revisions are larger. For 1987-2002, the re vision s are all dow nw ard an d generally becom e even larger. The revisions to net interest an d m iscellaneous paym ents reflect m ostly dow nw ard revisions that are attributable to the new treatm ent o f ban kin g services 31. For 1959 forward, the revisions also reflect the reclassification of non resident taxes paid by domestic corporations. Nonresident taxes—that is, taxes paid by domestic corporations to foreign governments— are reclassi fied as part of profits tax liability and included in a new component that consists of tax payments to the rest of the world; see Moulton and Seskin, 31. Table 13. Revisions to Corporate Profits with Inventory Valuation Adjustment (IVA) and Capital Consumption Adjustment (CCAdj) Table 14. Revisions to Net Interest and Miscellaneous Payments [Billions of dollars] [Billions of dollars] Total revision......................... Definitional....................................................... Reclassification of nonresident taxes paid by domestic corporations......................... Statistical......................................................... Source of revision by industry Domestic industries...................................... Financial...................................................... Nonfinancial................................................. Rest of the world........................................... Receipts from the rest of the world............. Less: Payments to the rest of the world...... Source of revision by component Profits before tax (without IVA and CCAdj) Taxes on corporate income......................... Definitional............................................... Reclassification of nonresident taxes paid by domestic corporations........ Statistical................................................. Profits after tax (without IVA and CCAdj).... Net dividends........................................... Undistributed profits (without IVA and CCAdj)................................................. Inventory valuation adjustment.................. Capital consumption adjustment............... 1959 1987 1992 1997 2000 2.0 0.1 22.2 3.4 26.2 5.5 34.7 8.9 29.8 10.2 38.8 9.2 116.8 9.2 0.1 1.9 3.4 18.8 5.5 20.7 8.9 25.8 10.2 19.6 9.2 29.6 9.2 107.6 2.0 0.2 1.8 0.0 0.0 0.0 22.3 10.8 11.4 0.0 -0.4 -0.4 21.9 11.5 10.4 4.4 3.4 -0.9 34.5 16.7 17.8 0.2 -0.6 -0.8 27.5 1.7 25.7 2.4 -1.4 -3.7 28.1 39.8 -11.7 10.7 6.2 -4.5 82.7 49.4 33.3 34.1 25.4 -8.6 0.1 0.1 0.1 3.0 3.4 3.4 9.5 5.5 5.5 5.8 8.9 8.9 -8.9 5.8 10.2 26.6 1.8 9.2 79.8 -18.3 9.2 0.1 0.0 0.0 0.0 3.4 0.0 -0.4 0.1 5.5 0.0 3.9 2.4 8.9 0.0 -3.1 -0.7 10.2 -4.4 -14.7 1.8 9.2 -7.4 24.8 -36.4 9.2 -27.5 98.0 -36.0 0.0 0.0 1.9 -0.5 0.0 19.3 1.5 0.0 16.8 -2.4 5.7 23.3 -16.5 0.9 37.8 61.2 4.2 8.0 134.0 4.6 32.4 2001 2002 1987 1992 1997 2000 -0.4 -0.4 -0.4 -0.6 0.2 0.0 0.0 0.0 0.0 -2.8 -2.8 -15.1 -23.4 8.3 12.3 0.0 0.0 0.0 -18.3 -18.3 -24.2 -34.5 10.3 5.9 0.0 0.0 0.0 -17.7 -17.5 -73.5 -84.6 11.1 56.0 -0.2 0.0 -0.2 -63.3 -63.9 -95.1 -104.0 9.0 31.2 0.6 0.0 0.6 0.0 0.0 0.0 -0.5 -0.4 -0.6 0.2 -0.1 0.0 0.0 0.0 4.8 0.0 4.8 -7.6 -15.1 -23.4 8.3 7.5 0.0 0.0 0.0 0.8 0.0 0.8 -19.1 -24.2 -34.5 10.3 5.1 0.0 0.0 0.0 -8.9 36.6 0.0 0.0 36.6 -8.9 -54.1 -55.0 -73.5 -95.1 -84.6 -104.0 11.1 9.0 19.4 40.1 -0.2 0.6 0.0 0.0 -0.2 0.6 1959 Total revision................................ Net interest............................................... Definitional............................................. New treatment of banking services... New treatment of insurance services. Statistical............................................... Miscellaneous payments........................ Definitional............................................. Statistical............................................... Source of revision by component Net monetary interest.............................. Definitional............................................. Statistical............................................... Net imputed interest................................ Definitional............................................. New treatment of banking services... New treatment of insurance services. Statistical............................................... Miscellaneous payments........................ Definitional............................................. Statistical............................................... 2001 2002 -94.0 -112.2 -94.9 -113.8 -85.3 -75.9 -92.0 -82.3 6.7 6.4 -37.9 -9.6 0.9 1.6 0.0 0.0 0.9 1.6 -27.9 0.0 -27.9 -67.0 -85.3 -92.0 6.7 18.3 0.9 0.0 0.9 -33.6 0.0 -33.6 -80.2 -75.9 -82.3 6.4 -4.3 1.6 0.0 1.6 N ote . The new aggregate “net interest and miscellaneous payments’’ combines the previously published series “net interest” and “rents and royalties." Revisions to miscellaneous payments are calculated in comparison with previously published estimates of “rents and royalties.” February 2004 S urv ey of an d that are partly offset by upw ard revisions that are attributable to the new treatm ent o f insurance services. The revisions also reflect the in corp oration o f revised an d newly available source data from the Federal Re serve B o ard on m ortgage debt ou tstan din g, revised es tim ates from the ITAs, an d for 2 0 0 0-2002, IRS tabulation s o f bu sin ess tax returns. Business current transfer payments (net). This com pon en t consists o f “transfer paym ents to persons (net),” which has been redefined to include net in sur ance settlem ents, “ bu sin ess transfer paym en ts to gov ernm ent (net),” an d “ bu sin ess transfer paym ents to the rest o f the w orld (net).” The revisions prim arily reflect the inclusion o f the net insurance settlem ents. “ B u si ness tran sfer paym ents to governm ent (n et)” is a new aggregate that consists o f Federal d eposit insurance p rem iu m s an d Federal and state an d local fines, fees, an d other paym ents, as well as net insurance settle m en ts p aid to governm ents. “ B usin ess transfer pay m en ts to the rest o f the w orld (n et)” h as been redefined to include net insurance settlem ents p aid to the rest o f the w orld and to exclude nonresident taxes p aid by dom estic corp oration s to foreign governm ents (these taxes have been reclassified as taxes on corporate incom e). Personal income and its disposition Personal income. T hrough 1977, the revisions to p e r son al incom e are dow nw ard (except for 1975) an d less than $4.0 billion in absolute value; afterw ards, the revi sion s are generally larger, and the pattern is m ixed (ta ble 15). The revisions partly reflect the revisions to the com p on en ts o f national incom e that are included in p erson al incom e (w age an d salary disbursem en ts, su p plem en ts to w ages an d salaries, p rop rieto rs’ incom e, an d rental incom e o f person s) an d to the com pon en ts o f person al incom e (personal interest in com e an d p er son al dividend incom e) that are derived from related com p on en ts o f nation al incom e. The revisions also re flect revisions to “person al current transfer receipts” (form erly, tran sfer paym ents to person s, which has been redefined to include net insurance settlem ents) an d to “con tribution s for governm ent social in su r ance.” Compensation of employees, received. T his co m pon en t consists o f wage an d salary disbursem ents and supplem en ts to w ages an d salaries received by U .S. res idents, including w ages an d salaries received from the rest o f the world. The m ajo r sources o f revision to this aggregate are identical to those already discu ssed in the section “C om p en satio n o f em ployees, paid.” In the new presentation, em ployer con tribution s for govern m ent social insurance is included as a com pon en t o f 19 C u r r e n t B u sin e ss com pen sation , b u t total contribution s for governm ent social insurance— which includes both em ployer con tribu tion s an d em ployee an d self-em ployed con tribu tions— is deducted in the calculation o f personal incom e, so this change in presentation does not affect Table 15. Revisions to Personal Income and Its Disposition [Billions of dollars] Total revision..................................... Definitional...................................................... New treatment of banking services........... New treatment of insurance services........ Other........................................................... Statistical........................................................ Source of revision by component Compensation of employees, received1 Definitional.............................................. Reclassification of employer contributions for social insurance Statistical................................................ Proprietors’ income with inventory valuation and capital consumption adjustments........................................... Definitional.............................................. Statistical................................................ Rental income of persons with capital consumption adjustment.................... Definitional.............................................. Statistical................................................ Personal income receipts on assets...... Personal interest income....................... Definitional.......................................... New treatment of banking services New treatment of insurance services..................................... Statistical............................................ Personal dividend income...................... Definitional.......................................... Statistical............................................ Personal current transfer receipts......... Definitional.............................................. New treatment of insurance services. Statistical................................................ Less: Contributions for government social insurance2 ................................. Definitional.............................................. Reclassification of employer contributions for social insurance.... Statistical................................................ Less: Personal current taxes1 ................... Definitional.................................................. Reclassification of personal nontaxes as transfers.............................................. Statistical.................................................... Equals: Disposable personal income........ Definitional.................................................. New treatment of banking services....... New treatment of insurance services.... Reclassification of personal nontaxes as transfers.............................................. Other....................................................... Statistical.................................................... Less: Personal outlays................................. Personal consumption expenditures.......... Definitional.............................................. Statistical................................................ Interest paid by persons............................. Definitional.............................................. New treatment of banking services.... Statistical................................................ Personal current transfer payments4......... Definitional.............................................. Reclassification of personal nontaxes as transfers..................................... Statistical................................................ Equals: Personal saving.............................. Definitional.................................................. Statistical.................................................... 1959 1987 1992 1997 -1.2 -1.0 -1.2 0.2 0.0 -0.2 -15.1 -24.9 -33.0 8.1 0.0 9.8 -28.4 -30.1 -39.7 8.7 0.9 1.7 7.8 7.9 160.9 166.3 219.1 228.4 7.9 0.0 -0.1 166.3 0.0 -5.4 -1.1 -1.4 0.3 2000 2001 2002 23.1 -21.9 -81.9 -82.6 -86.4 -105.4 22.4 4.2 0.4 0.3 60.0 105.7 27.8 -63.8 -90.1 26.6 -0.3 91.6 -11.9 -64.6 -80.7 16.1 0.0 52.7 300.3 289.5 402.2 343.5 419.4 355.0 412.1 364.2 228.4 0.0 -9.3 289.5 0.0 10.8 343.5 0.0 58.7 354.9 0.1 64.4 364.1 0.1 47.9 -1.7 -2.3 0.6 -6.7 -3.4 -3.3 -5.2 -5.4 0.2 13.6 -5.6 19.2 42.7 -7.0 49.7 41.2 -6.3 47.5 1.0 1.4 -0.4 -1.0 -1.0 -1.0 -1.2 -2.3 2.3 -4.6 -4.7 -4.8 -24.3 -33.0 14.7 4.3 10.4 -24.6 -26.7 -28.1 -39.7 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 8.7 19.5 0.1 0.0 0.1 -1.0 -0.6 -0.6 -0.4 11.6 1.4 2.1 0.0 2.1 -2.3 -2.9 -2.9 0.6 12.6 58.5 -1.9 0.0 -1.9 -11.0 -8.4 -8.4 -2.6 13.0 26.4 0.4 0.0 0.4 13.7 9.4 9.4 4.3 13.6 -11.1 -38.0 0.0 -38.0 22.2 13.0 13.0 9.2 13.8 -29.2 -37.6 0.0 -37.6 4.2 2.3 2.3 1.9 7.8 7.9 166.3 166.3 228.4 228.4 289.3 289.5 344.3 343.5 356.2 354.9 366.3 364.1 7.9 -0.1 -0.5 -0.3 166.3 0.0 -13.9 -13.2 228.4 0.0 -25.2 -26.0 289.5 -0.2 -42.5 -38.2 343.5 0.8 -50.7 -50.0 354.9 1.3 -48.4 -54.6 364.1 2.2 -58.8 -58.6 -0.3 -0.2 -0.7 -0.6 -1.2 0.2 -13.2 -0.7 -1.2 -11.7 -33.0 8.1 -26.0 0.8 -3.2 -3.7 -39.7 8.7 -38.2 -50.0 -0.7 -4.3 73.8 20.6 -43.6 -32.4 -86.4 -105.4 4.2 22.4 -54.6 6.2 76.2 -9.5 -90.1 26.6 -58.6 -0.2 46.9 -6.2 -80.7 16.1 0.3 0.0 -0.1 -0.8 -0.5 -0.3 -0.2 -0.6 -0.7 -0.7 0.1 0.3 0.3 13.2 0.0 10.5 10.2 -5.1 -15.8 10.7 2.1 -9.1 -9.1 11.2 13.2 13.2 26.0 1.3 0.5 44.5 25.6 -23.5 49.1 -6.9 -7.6 -7.6 0.7 25.8 26.0 38.2 0.4 64.2 55.2 18.1 -67.1 85.2 -0.9 -15.0 -15.0 14.1 38.0 38.2 50.0 0.6 106.2 107.0 55.7 -67.2 122.9 -0.7 15.7 15.7 -16.4 52.0 50.0 54.6 -0.6 85.7 118.7 58.4 -51.5 109.9 3.7 -12.0 -12.0 15.7 56.6 54.6 58.6 -0.2 53.1 149.5 81.6 -53.9 135.5 6.3 -10.7 -10.7 17.0 61.7 58.6 0.3 0.0 0.2 0.0 0.2 13.2 0.0 -11.4 0.0 -11.4 26.0 -0.2 -47.7 0.9 -48.6 38.2 -0.2 -34.6 0.3 -34.9 50.0 2.0 -33.0 0.4 -33.4 54.6 58.6 2.0 3.1 -42.5 -102.6 -0.3 0.0 -42.2 -102.6 3.7 0.5 25.2 30.6 5.7 6.0 6.6 6.2 -5.2 -2.3 18.6 24.4 -17.2 -65.6 -125.6 -133.7 -15.3 -66.0 -87.6 -96.1 -73.8 -92.4 -76.5 -66.9 -86.4 -105.4 -90.1 -80.7 1. “Compensation of employees, received" is a new NIPA category. Revisions are shown in comparison with the sum of previously published estimates of “wage and salary disbursements’ and of “other labor income.” 2. “Contributions for government social insurance’’ is a new category in personal income that includes both personal and employer contributions for government social insurance. Revisions are shown in comparison with the previously published series “personal contributions for social insurance.’’ 3. “Personal current taxes' is a new NIFft category. Revisions are shown in comparison with the previously published series “personal tax and nontax payments.” 4. “Personal current transfer payments” is a new NIPA category. Revisions are shown in comparison with the previously published series “personal transfer payments to the rest of the world (net).” Comprehensive NIPA Revision 20 p erson al incom e. T his com pon en t also differs from “com p en sation o f em ployees, p a id ” by “ wage accruals less d isbu rsem en ts” (W A LD ).32 Personal income receipts on assets. T his new ag gregate con sists o f p erson al interest incom e and per son al dividen d incom e. Personal interest incom e consists o f m on etary an d im p uted interest received by p erson s from all sources, and it is calculated as net in terest plu s interest p aid by person s an d interest p aid by governm ent less interest received by governm ent. T hrough 1977, the revisions are generally dow nw ard an d less than $3.0 billion in absolute value; afterw ards, the revisions are larger, and the pattern is m ixed. The revisions p rim arily reflect the revisions to net interest an d the in corp oration o f data on con sum er debt o u t stan din g from the Federal Reserve B oard. The revisions to person al dividend in com e begin w ith 1982 and are less than $4.0 billion in absolute value except for 1999, 2001, an d 2002. The revisions th rough 2000 prim arily reflect newly in corporated data on dividends from the rest o f the w orld from the ITAs. For 2001 an d 2002, large dow nw ard revisions p rim arily reflect the in corp oration o f newly available IRS tabulation s o f corporate tax return data for 2001 and data from com pan y financial statem ents. Personal current transfer receipts.33T h rough 1983, the revisions are generally upw ard; non e exceeds $2.5 billion in absolute value; afterw ards, the revisions tend to be larger, and the pattern is m ixed. The revisions m ostly reflect the pattern o f the revisions to “other current transfer receipts, from bu sin ess (n et)” an d re sult from the new treatm ent o f insurance services. For 2002, the revision also reflects an upw ard revision to “old-age, survivors, disability, an d health insurance benefits” as a result o f the in corporation o f newly available d ata on M edicare benefits from the Centers for M edicare an d M edicaid Services (C M S) an d dow n w ard revisions to governm ent un em ploym en t in su r ance benefits as a result o f the in corp oration o f data from the O ffice o f W orkforce Security in the D ep art m ent o f L abor an d to state and local M edicaid benefits based on C M S data. Contributions for government social insurance. 32. WALD is the difference between wages earned, or accrued, and wages paid, or disbursed. In the NIPAs, wages accrued is the appropriate measure for national income, and wages disbursed is the appropriate measure for personal income. To estimate WALD, BEA converts annual disbursements data based on BLS tabulations of wages and salaries to an accrual basis. WALD primarily consists of BEA estimates of bonus payments that are declared at the end of a year but that are actually paid the next year. 33. “Personal current transfer receipts” consists of income payments to persons for which no current services are performed and of net insurance settlements. It is the sum of “government social benefits” and “current transfer receipts from business (net).” Government social benefits—for merly, transfer payments to persons from government— includes benefits from government social insurance funds and from certain other programs. February 2004 T his new category in the person al in com e an d outlay account is deducted in the calculation o f p erson al in com e; it includes both p erson al and em ployer contri bution s. The revisions, which are calculated in co m parison with the previously publish ed “personal con tribution s for social insurance,” begin with 1993 and are sm all. The largest is an upw ard revision for 2002 o f $3.8 billion. Personal current taxes. T h is com pon en t consists o f tax com pon en ts that were included in the form er “per sonal tax and n on tax p aym en ts” (the n on tax co m p o nents have been reclassified as “person al current transfer paym ents to governm ent” ).34 A s a result o f the reclassification, the pattern o f this new series is sim ilar to that o f the previously pub lish ed series, bu t the level o f the series is som ew hat lower. Disposable personal income (DPI). T he pattern o f revisions to D PI (which is equal to person al incom e less person al current taxes) reflects the revisions to these two com pon en ts. T h rough 1974, the revisions to D PI do n ot exceed $1.5 billion in absolute value. For 1975 forw ard, the revisions tend to be larger, an d the pattern is m ixed. Personal outlays. T his series now consists o f p e r sonal con su m ption expenditures (P C E ), person al in terest paym ents, an d person al current transfer paym ents. The revisions to person al outlays p rim arily reflect the revisions to PCE. In addition , the revisions reflect the inclusion o f p erson al current transfer pay m ents to governm ent, w hich w as form erly classified as person al nontaxes. Personal saving. Personal saving is the difference between D PI and person al outlays. T h ro u gh 1977, the revisions do not exceed $1.0 billion in absolute value. For 1978-86, the revisions are generally larger and show a m ixed pattern. For 1987 forw ard, the revisions are dow nw ard an d tend to be even larger. The dow n w ard revisions generally reflect the dow nw ard revi sion s to person al incom e an d the upw ard revisions to PCE. The dow nw ard revisions to person al saving result in correspon din g dow nw ard revisions to the personal saving rate— person al saving as a percentage o f D PI— that range from 0.2 percentage p o in t for 1999 to 1.4 percentage poin ts for 2002. The revised estim ates, like the previously publish ed estim ates, show a dow ntrend in the saving rate for 1992 forw ard. Government current receipts and expenditures In the new account structure, current receipts includes several com ponen ts— specifically, taxes from the rest 34. See Moulton and Seskin, 32. February 2004 S u rv ey of o f the w orld, interest receipts, dividends, and current su rp lu s o f governm ent enterprises— that were previ ou sly included as negative entries on the expenditures side.35 The reclassification o f com pon en ts from current expenditures to current receipts does n ot affect “net governm ent saving,” (form erly, “governm ent current su rp lu s or deficit ( - ) , nation al incom e and p rod u ct ac co u n ts” ). Federal Government. Federal G overnm ent current receipts is unrevised for 1929-58, is revised dow n slightly for 1959, is revised up for 1960-2001 by gener ally increasing am o un ts, an d is revised dow n for 2002 (table 16). The upw ard revisions through 2001 p rim a rily reflect the reclassification o f interest receipts as a current receipt. Previously, interest receipts were net ted again st interest paym ents and included in Federal G overnm ent current expenditures. The dow nw ard re vision to current receipts for 2002 prim arily reflects a dow nw ard (statistical) revision to taxes on corporate incom e; this statistical revision b egin s w ith 2000. Federal G overnm ent current expenditures shows sm all or no revisions before 1960, and it show s upw ard revisions for 1960-2002. These upw ard revisions p ri m arily reflect the reclassification o f interest receipts as a current receipt. Statistical revisions before 1999 are upw ard an d sm all. For 1999-2002, the statistical revi sion s are upw ard and larger; they prim arily reflect u p w ard revisions to con sum ption expenditures that result from the reallocation o f spen d in g to co n su m p tion expenditures from investm ent. For 1999-2001, the revisions to governm ent social benefits also co n tribute to the upw ard revisions, prim arily reflecting re vision s to the estim ates o f M edicare benefits, which in corporate a new m eth od ology b ased on accrual rather than cash accoun ting.36 For 1960-94, the upw ard revisions to current re ceipts are abo u t the sam e as the upw ard revisions to current expenditures; as a result, Federal G overnm ent net saving is essentially unrevised. For 1995-2001, net Federal G overnm ent saving is revised dow n, reflecting larger upw ard revisions to current expenditures than to current receipts. For 2002, a dow nw ard revision to net saving reflects an upw ard revision to current ex penditures an d a dow nw ard revision to current re ceipts. State and local government. State an d local govern m ent current receipts is revised up for m ost years. For 1929-45, the upw ard revisions reflect the reclassifica tion o f the current surp lu s o f state an d local govern m ent enterprises as current receipts. For 1946-66, the 35. The new presentation, with fewer receipts items netted against expen ditures, is more consistent with international guidelines. 36. See Moylan and Robinson, 27. 21 C u rr e n t B u sin ess upw ard revisions reflect the reclassification o f the cu r rent surplu s o f state an d local governm ent enterprises an d the reclassification o f interest receipts as a current receipt. Previously, interest receipts were netted against interest paym ents an d included in state an d local gov ernm ent current expenditures. For 1935 forw ard, state an d local governm ent cu r rent expenditures is revised up. The revisions reflect the reclassification o f the current surplu s o f state and local governm ent enterprises an d the reclassification o f interest receipts as a current receipt. T hrough 1987, the upw ard revisions to current re ceipts are abo u t the sam e as the upw ard revisions to current expenditures; as a result, state an d local gov ernm ent net saving is essentially unrevised. A fter 1987, state an d local governm ent net saving is revised up for all years except 1993 and 1995. Statistical revisions to current receipts an d current expenditures m ainly reflect the in corporation o f newly available d ata fro m G overnm ent Fin ances, including d ata on local governm ents for fiscal years 2000 and Table 16. Revisions to Government Current Receipts and Expenditures [Billions of dollars] Federal Current receipts....................................................... Definitional............................................................. Reclassification of current surplus of government enterprises................................. Reclassification of interest receipts.................. New treatment of banking services.............. Reclassification of taxes paid by the rest of the world.............................................................. Statistical...... Current expenditures Definitional.... Reclassification of current surplus of government enterprises................................. Reclassification of interest receipts.................. Reclassification of taxes paid by the rest of the world.............................................................. Statistical............................................................... Net Federal Government saving............................. Definitional............................................................. Statistical............................................................... State and local Current receipts....................................................... Definitional............................................................. Reclassification of current surplus of government enterprises................................. Reclassification of Indian tribal governments Reclassification of interest receipts................... New treatment of banking services.............. New treatment of insurance services........... Reclassification of dividend receipts................. Statistical............................................................... Current expenditures.............................................. Definitional............................................................. Reclassification of current surplus of government enterprises................................. Reclassification of interest receipts.................. Reclassification of dividend receipts................. Reclassification of Indian tribal governments.... Statistical............................................................... Net state and local government saving................ Definitional............................................................. Statistical............................................................... Addenda: Net government saving....................................... Definitional......................................................... Statistical........................................................... 1959 1987 1992 1997 2000 -0.1 0.0 26.2 25.6 25.9 25.6 27.6 26.8 19.9 25.1 9.5 -12.7 21.0 20.0 -0.1 0.0 0.0 -2.0 25.6 0.8 -0.1 23.1 1.0 0.3 21.4 -0.4 -2.3 20.1 0.7 -4.1 17.9 -0.7 0.1 -0.1 -0.2 0.0 2.0 0.6 23.3 25.6 2.6 0.3 25.7 25.6 5.1 0.8 30.1 26.8 7.3 7.2 7.2 -5.2 -11.5 -32.7 37.3 30.9 25.2 25.1 21.0 20.0 -0.1 0.0 -2.0 25.6 -0.1 23.1 0.3 21.4 -2.3 20.1 0.1 -0.2 0.1 0.0 0.1 2.0 -2.3 2.9 0.0 2.9 2.6 0.1 0.1 0.0 0.1 1.8 2.0 54.6 55.9 73.4 67.8 86.1 85.3 1.1 0.0 0.9 -0.2 0.0 0.0 -0.2 1.8 2.0 3.1 0.0 52.6 -2.6 -0.1 0.2 -1.3 54.4 55.9 7.7 0.1 59.6 -2.8 0.5 0.5 5.6 67.8 68.2 12.3 0.4 71.5 -5.5 0.1 1.5 0.8 77.9 86.2 1.1 0.9 0.0 0.0 -0.2 0.0 0.0 0.0 3.1 52.6 0.2 0.0 -1.6 0.2 0.0 0.2 7.7 59.6 0.5 0.4 0.0 5.6 -0.4 6.0 7.7 5.4 12.3 5.9 71.5 84.0 86.7 86.0 1.9 2.0 2.1 1.5 1.5 1.6 1.7 0.9 -7.4 -20.3 -21.2 -22.7 8.2 32.0 48.6 48.8 -0.9 -1.5 -1.6 -1.7 33.5 50.2 50.5 9.1 0.1 0.0 0.1 3.1 0.0 3.1 5.8 -0.4 6.2 5.7 -0.9 6.6 2001 -4.1 17.9 2002 -3.1 15.9 -0.3 -3.1 15.9 7.3 7.2 7.2 5.1 5.2 3.3 12.2 9.9 -2.5 -17.4 -21.5 -37.9 0.0 0.0 0.0 0.0 -2.5 -17.4 -21.5 -37.9 105.3 121.4 120.2 93.6 94.1 94.0 7.7 0.6 84.0 -6.4 0.3 1.9 11.7 73.3 95.1 14.6 -1.5 16.0 5.4 0.7 86.7 -4.6 0.9 2.0 27.3 72.8 95.7 27.2 -1.6 28.8 5.9 0.8 86.0 -4.0 0.3 2.1 26.2 71.4 95.7 10.8 -1.7 12.6 February 2004 Comprehensive NIPA Revision 22 2001, data on state governm ents for fiscal year 2001, an d state tax d ata for fiscal year 2002. For 20 0 0 -2 0 0 2 , upw ard revisions to receipts reflect large upw ard revisions to local p rop erty taxes, and dow nw ard revisions to expenditures reflect large dow nw ard revisions to p urch ased services. Together, these revisions result in large upw ard revisions to net state an d local governm ent saving. puted interest p aid to the rest o f the w orld). Foreign transactions G ross saving consists o f net saving and con sum ption o f fixed capital (C F C ). N et saving consists o f net private saving and net governm ent saving. T hrough 1978, the revisions to gross saving are m ostly dow nw ard an d do not exceed $5.0 billion in absolute value (table 18). For 1979-81 and 1985-2002, the revisions are dow nw ard an d generally larger, especially after 1986. For 1979 and 1980, the revisions prim arily reflect dow nw ard revi sion s to person al saving; for 1981, a dow nw ard revi sion to C F C is partly offset by an upw ard revision to undistributed corporate profits with IVA and CCAdj. For 1982-84, the revisions are upw ard and less than $4.0 billion, and they reflect upw ard revisions to per sonal saving and to un distributed corporate profits with IVA and CC A dj that are partly offset by dow n w ard revisions to C FC . For m ost years after 1984, dow nw ard revisions to C F C and to p erson al saving are partly offset by upw ard revisions to un distributed cor- Current receipts from the rest of the world. This ag gregate consists o f the exports o f g o o d s an d services an d incom e receipts from the rest o f the w orld. The re vision s to exports were d iscu ssed above. The revisions to incom e receipts begin with 1952, an d they are dow nw ard through 1985, prim arily reflecting the new treatm ent o f ban kin g services, w hich now includes im p uted interest associated with borrow er services that is received from the rest o f the w orld (table 17). For 1986-99, 2001, an d 2002, in com e receipts is revised up, prim arily reflecting the new treatm ent o f insurance services, which now includes insurance p rem iu m su p plem ents. For 2000, incom e receipts is revised dow n slightly. Current payments to the rest of the world (net). T his aggregate con sists o f the im p orts o f g o o d s and services, incom e paym ents, an d “current taxes and transfer paym ents to the rest o f the w orld (net).” The revisions to im p o rts were d iscu ssed above. The revi sion s to incom e paym en ts for 1929-2002 are dow n w ard for m ost years, prim arily reflecting the new treatm en t for estim ating im plicit ban k services (im Table 17. Revisions to Foreign Transactions [Billions of dollars] Current receipts from the rest of the world............ Statistical.................................................................. Source of revision by component Income receipts........................................................... Definitional............................................................... 1959 1987 1992 1997 2000 2001 2002 2.0 2.0 0.0 -1.4 -2.2 0.8 0.2 -0.4 0.6 -5.7 -7.5 1.8 -5.6 -5.2 -0.4 3.0 3.4 -0.4 13.1 2.3 10.8 2.1 0.0 -0.1 -0.1 0.0 0.0 -1.7 0.3 0.6 -0.7 1.2 -0.3 -1.5 -11.1 5.4 1.6 1.7 1.7 -0.5 -1.2 2.2 2.9 -0.1 3.7 -4.8 -0.7 4.5 -1.8 6.2 -5.2 1.0 2.1 7.6 -1.4 9.0 -5.5 -8.1 21.1 9.1 -1.2 10.3 12.0 2.0 2.0 0.0 -1.4 -2.2 0.8 0.2 -0.4 0.6 -5.7 -7.5 1.8 -5.6 -5.2 -0.4 3.0 3.5 -0.5 13.1 2.3 10.8 0.0 0.0 0.0 0.0 0.0 0.0 1.2 -3.9 -3.5 -4.0 0.5 -0.4 1.1 9.2 18.7 -5.4 4.0 -4.6 -20.5 -16.3 -11.2 -10.0 -3.5 -9.6 -12.1 -8.3 -8.0 -4.2 -10.8 -14.1 -10.3 -10.7 0.7 1.2 2.7 2.0 1.9 -1.1 -10.9 -4.2 -2.9 -2.0 1.9 2.0 0.0 2.0 -0.1 0.0 0.0 0.0 0.1 0.1 0.0 0.1 0.0 1.2 0.0 1.2 Current payments to the rest of the world and Definitional............................................................... Statistical.................................................................. Source of revision by component Imports of goods and services.................................... Current taxes and transfer payments to the rest of the world (net)................................................................ Statistical.................................................................. -0.8 -0.7 -1.7 1.0 -0.1 1.8 0.0 1.8 0.8 1.1 0.8 0.3 -0.3 12.9 0.0 12.9 2.4 1.2 1.0 0.2 1.2 -0.8 0.0 -0.8 -2.8 -4.5 -4.7 0.3 1.7 -1.7 0.0 -1.7 3.6 0.7 0.4 0.3 2.9 24.8 0.0 24.8 Balance on current account, national income and product accounts. This com pon en t (form erly, net for eign investm ent) is no longer included in paym ents to the rest o f the w orld. It is derived as current receipts from the rest o f the w orld less current paym ents to the rest o f the world. Saving and investment Table 18. Revisions to Saving and Investment [Billions of dollars] 1959 Gross saving................................................ Definitional................................................. Statistical.... Net saving1.... Net private saving1 Personal saving..................................... Definitional Statistical Undistributed corporate profits with IVA and CCAdj.......................................... Wage accruals less disbursements...... Net government saving.............................. Definitional......................................... Statistical........................................... Federal................................................... State and local....................................... Consumption of fixed capital..................... Private........................................................ Domestic business................................. Households and institutions.................. Government............................................... Federal................................................... State and local....................................... Gross domestic investment, capital account transactions, and net lending, NIPAs......................................................... Gross domestic investment........................ Gross private domestic investment....... Definitional......................................... Statistical........................................... Gross government investment.............. Capital account transactions (net)2.......... Net lending or net borrowing (-), NIPAs2.. Statistical discrepancy................................ Addendum: Gross saving as a percentage of gross national income.......................................... 0.4 0.0 0.4 2.2 2.0 0.2 0.0 0.2 1.9 0.0 0.1 0.0 0.1 0.1 0.0 -1.8 -1.6 -8.1 6.4 -0.1 -0.2 0.0 1987 1992 1997 2000 2001 -13.6 0.0 -13.6 10.5 7.3 -11.4 0.0 -11.4 -59.2 0.5 -59.7 -23.6 -29.4 -47.7 0.9 -48.6 -41.2 -0.6 -40.6 -2.4 -8.0 -34.6 0.3 -34.9 -37.4 -1.1 -36.3 3.7 -10.8 -33.0 0.4 -33.4 -4.4 -25.7 -1.7 -1.9 -2.5 -24.0 79.2 58.0 30.8 68.3 -42.5 -102.6 -0.3 0.0 -42.2 -102.6 2002 22.2 73.3 170.9 18.8 18.3 26.6 0.0 0.0 0.0 0.0 0.0 0.0 3.1 5.8 5.6 14.6 27.1 10.8 -0.4 -1.7 0.0 -0.9 -1.5 -1.6 6.2 3.1 6.6 16.0 28.8 12.6 2.9 0.1 -2.5 -17.4 -21.5 -37.9 0.2 5.6 8.1 32.0 48.6 48.8 -24.2 -35.6 -38.9 -41.1 -62.4 -104.9 -22.9 -34.9 -32.1 -27.2 -45.8 -86.1 -92.5 -131.8 -157.3 -181.9 -213.2 -261.4 69.5 96.8 125.1 154.8 167.4 175.2 -0.7 -6.8 -13.9 -16.5 -18.8 -1.1 -1.1 -0.7 -8.7 -10.5 -12.8 -4.3 -0.1 0.0 -2.6 -5.2 -6.0 -6.0 0.0 0.0 0.0 0.0 0.0 0.0 4.7 3.5 3.5 0.0 3.5 0.0 -0.1 -1.8 -1.8 0.9 -2.7 0.0 -0.4 -13.2 -0.7 0.3 -1.0 -12.4 -36.1 -35.2 -19.9 0.4 -20.3 -15.3 0.7 2.4 21.2 -0.4 21.6 -18.8 6.0 -18.8 -4.0 -0.1 -3.9 -14.8 -0.3 18.4 59.0 41.0 1.3 5.1 31.6 -0.3 -0.9 -0.4 -0.4 -0.1 -0.2 0.1 1. “Net private saving” is a new series. Revisions are shown in comparison with previously published estimates of “gross private saving’ less consumption of fixed capital (CFC). Similarly, “net saving" is a new series. Revisions are shown in comparison with the sum of previously published estimates of “gross private saving” less CFC and of “gross government saving'' less CFC. 2. “Capital account transactions (net)" and “net lending or net borrowing (-), NIRAs” are new series. Their sum equals the balance on current accounts. February 2004 S urv ey of C u rr e n t B u sin e ss p orate profits with IVA an d C C A dj an d to net govern m en t saving. “ G ro ss investm ent, capital account tran sactions, an d net lending, NIPAs” is revised for 1996 forw ard, an d the revisions for m o st years rem ain below $5.0 bil lion in absolute value. For 1998-2000, the revisions are dow nw ard an d relatively large, reflecting dow nw ard revisions to b o th gross private d om estic investm ent an d gross governm ent investm ent. For 2001, the revi sion is upw ard an d sm all. For 2002, the revision is u p w ard an d larger, reflecting an upw ard revision to “ net lending o r net borrow ing ( - ) , N IPA s” that is offset by dow nw ard revisions to gross governm ent investm ent an d to gross private d om estic investm ent. Annual Estim ates of Real GDP and Real DPI Real GDP R evisions to year-to-year grow th rates o f real G D P are generally sm all: For 59 o f the 73 years since 1929, the revision is between -0 .1 percentage p oin t an d +0.1 percentage p oin t (table 19 an d chart 2). Table 19. Distribution of Revisions to Percent Change in Real Gross Domestic Product S ize of revision (percentage point) N um ber of revisions -0 .3 1 -0 .2 5 - 0 .1 11 0 28 0.1 20 0 .2 3 0 .3 4 0 .4 1 Chart 2. Revision to Percent Change in Real GDP Percentage point U.S. Bureau of Economic Analysis 23 The revisions to real G D P result from the follow ing: •R e v isio n s to the current-dollar com p on en ts o f G D P for w hich chained-dollar estim ates are prepared by deflation, •R e v isio n s to the prices u sed to estim ate com ponents o f real G D P by deflation, and •R e v isio n s to the quantities used to estim ate the com pon en ts o f real G D P by extrapolation or direct valuation. In contrast, changing the reference year (from 1996 to 2000) does n ot affect the percent changes in real GDP. (N either does it affect the percent changes in the price indexes.) For 28 years, the rate o f grow th o f real G D P is re vised up. Eight o f the revisions are larger than 0.1 per centage poin t; the largest revision, at 0.4 percentage po in t (from 4.1 percent to 4.5 percent), is for 1999. U pw ard revisions to current-dollar G D P play a role in seven o f these eight revisions, an d dow nw ard revisions to prices play a role in three o f these revisions. For 17 years, the rate o f grow th o f real G D P is re vised dow n. Six o f the revisions are larger th an 0.1 p er centage point; the largest revision, at -0 .3 percentage po in t (from 5.6 percent to 5.3 percent), is for 1976. U pw ard revisions to prices play a role in five o f these six revisions, and dow nw ard revisions to curren t-dol lar G D P play a role in three o f these revisions. For 28 years, the rate o f grow th o f real G D P is un re vised. The p eriod 1929-2002 can be usefully divided into three su bperio ds: 1929-59, 1959-92, an d 1992-2002. For the entire tim e span an d for each su bperio d, the average rate o f grow th o f real G D P in the revised esti m ates is the sam e as in the previously pu b lish ed esti Comprehensive NIPA Revision 24 m ates (table 20). Sim ilarly, the average grow th rates for three o f the m ajo r com pon en ts o f real G D P are also unrevised: G ro ss private d om estic investm ent, n on res idential fixed investm ent, an d exports o f goods. In con trast, the average grow th rates o f the other m ajor com p on en ts o f real G D P are revised for at least som e o f the p eriods. For 1929-59 an d 1959-92, the largest February 2004 revisions are to exports o f services; the average grow th rate for 1929-59 is revised up 1.3 percentage points, an d for 1959-92, it is revised dow n 1.4 percentage points. For 1992-2002, m o st com p on en ts are revised; the largest revision, at -0 .6 percentage point, is to n o n residential structures. N onzero revisions are m ore co m m o n for the m ost Table 20. Gross Domestic Product and Its Major Components Revisions to Average Annual Rate of Change Over Selected Period [Percent] Current dollars Chained dollars Current dollars Chained dollars Previously Revision Revised Previously Revision Revised Previously Revision Revised Previously Revision Revised published published published published 1929-2002 1929-59 Gross domestic product........................... Personal consumption expenditures.......... Durable goods............................................. Nondurable goods....................................... Services...................................................... Gross private domestic investment............ Fixed investment......................................... Nonresidential........................................ Structures......................................... Equipment and software.................. Residential............................................. 6.5 6.4 6.5 5.7 7.0 6.5 6.6 6.5 5.5 7.1 6.8 6.5 6.4 6.4 5.7 7.0 6.5 6.6 6.5 5.5 7.1 6.8 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.4 3.3 4.6 2.7 3.5 4.0 3.6 3.8 1.5 5.0 2.9 3.4 3.3 4.5 2.7 3.5 4.0 3.6 3.8 1.5 4.9 2.8 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 5.4 4.8 5.2 4.7 4.9 5.3 5.5 4.9 4.1 5.6 6.7 5.4 4.8 5.2 4.7 4.9 5.3 5.5 4.9 4.1 5.6 6.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.5 2.9 3.2 2.7 3.1 3.6 2.7 2.1 1.0 2.9 3.6 3.5 2.9 3.2 2.7 3.1 3.6 2.6 2.1 0.9 2.8 3.6 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.1 0.1 0.0 Exports........................................................ Goods Services Imports.. Goods Services Government consumption expenditures and gross investment.................................. Federal........................................................ National defense.................................... Nondefense............................................ State and local............................................ Addendum: Disposable personal income......................... 7.3 6.9 8.9 7.9 7.9 7.7 7.3 6.9 8.9 7.9 7.9 7.7 0.0 0.0 0.0 0.0 0.0 0.0 4.7 4.6 5.4 4.9 5.0 4.5 4.7 4.6 5.5 4.9 5.0 4.5 0.0 0.0 -0.1 0.0 0.0 0.0 4.6 3.9 8.2 4.7 4.2 6.4 4.3 3.9 6.7 4.7 4.2 6.4 0.3 0.0 1.5 0.0 0.0 0.0 2.7 2.1 5.1 2.8 2.2 4.6 2.4 2.1 3.8 2.8 2.2 4.6 0.3 0.0 1.3 0.0 0.0 0.0 7.6 8.6 8.8 8.1 7.2 7.6 8.6 8.9 8.2 7.3 0.0 0.0 -0.1 -0.1 -0.1 3.8 4.8 5.2 4.4 3.1 3.8 4.9 5.2 4.5 3.1 0.0 -0.1 0.0 -0.1 0.0 8.5 12.9 14.6 9.3 6.1 8.6 13.1 14.8 9.3 6.1 -0.1 -0.2 -0.2 0.0 0.0 6.1 10.4 12.1 6.8 2.9 6.2 10.5 12.2 6.9 2.9 -0.1 -0.1 -0.1 -0.1 0.0 6.4 6.4 0.0 3.3 3.3 0.0 4.9 4.9 0.0 3.0 3.0 0.0 Current dollars Chained dollars Current dollars Chained dollars Previously Previously Revision Revised Previously Revision Revised published Revision Revised published Revision Revised Previously published published 1992-2002 1959-92 Gross domestic product........................... Personal consumption expenditures.......... Durable goods............................................. Fixed investment......................................... Structures......................................... Residential............................................. Exports........................................................ Goods.................................................... Services.................................................. Government consumption expenditures and gross investment.................................. Federal........................................................ National defense.................................... Nondefense............................................ State and local............................................ Addendum: 8.0 8.2 7.6 6.9 9.4 7.5 7.6 8.1 7.1 8.7 6.7 7.9 8.1 7.5 6.9 9.3 7.5 7.7 8.2 7.1 8.8 6.5 0.1 0.1 0.1 0.0 0.1 0.0 -0.1 -0.1 0.0 -0.1 0.2 3.4 3.6 4.9 2.6 4.0 3.7 3.7 4.6 2.1 5.9 1.8 3.4 3.5 4.8 2.6 4.0 3.7 3.7 4.6 2.1 5.9 1.7 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 5.2 5.7 6.5 4.6 6.1 6.3 6.4 5.8 4.4 6.4 7.9 5.2 5.7 6.4 4.8 6.0 6.3 6.4 6.0 4.6 6.5 7.7 0.0 0.0 0.1 -0.2 0.1 0.0 0.0 -0.2 -0.2 -0.1 0.2 3.2 3.8 7.8 3.1 3.3 5.9 6.0 6.5 0.8 8.6 4.3 3.2 3.7 7.6 3.3 3.0 5.9 5.9 6.5 1.4 8.3 4.2 0.0 0.1 0.2 -0.2 0.3 0.0 0.1 0.0 -0.6 0.3 0.1 10.6 10.5 10.8 10.9 11.4 9.1 11.0 10.5 12.2 10.8 11.4 9.0 -0.4 0.0 -1.4 0.1 0.0 0.1 6.6 6.8 6.1 5.8 6.4 4.1 6.9 6.8 7.5 5.7 6.3 4.0 -0.3 0.0 -1.4 0.1 0.1 0.1 4.7 4.5 5.1 7.9 8.1 7.0 4.8 4.6 5.2 8.0 8.1 7.5 -0.1 -0.1 -0.1 -0.1 0.0 -0.5 4.9 5.3 3.8 8.7 9.3 5.7 5.0 5.3 4.1 8.7 9.3 5.9 -0.1 0.0 -0.3 0.0 0.0 -0.2 7.7 6.6 6.1 8.2 8.9 7.6 6.5 6.0 8.3 8.8 0.1 0.1 0.1 -0.1 0.1 2.4 1.5 0.9 3.2 3.3 2.3 1.4 0.9 3.1 3.3 0.1 0.1 0.0 0.1 0.0 4.3 2.4 1.5 4.4 5.5 4.5 2.6 1.7 4.7 5.7 -0.2 -0.2 -0.2 -0.3 -0.2 1.7 -0.7 1.6 2.8 2.0 0.3 -0.4 1.8 3.0 -0.3 -0.3 -0.3 -0.2 -0.2 8.2 8.2 0.0 3.6 3.6 0.0 5.2 5.1 0.1 3.2 3.1 0.1 February 2004 S u rv ey of recent su bp erio d than for the two earlier ones (table 21). For 1992-2002, the revisions to alm ost 90 percent G overnm ent contributes 0.05 percentage poin t less in the revised estim ates than in the previously publish ed estim ates; spendin g b y the Federal G overnm ent and by state and local governm ents are both revised down. The revisions to the con tributions o f b oth residential and nonresidential fixed investm ent and o f both ex p o rts and im p orts are smaller. Table 21. Summary of Revisions to Year-to-Year Growth Rates of Real Gross Domestic Product for Selected Periods 1 9 2 9 -2 0 0 2 In percentage points: Average revision...................... Average absolute revision... Largest negative revision.... Largest positive revision...... N um ber of: Upward revisions.................... Dow nward revisions.............. Zero revisions......................... 1 9 2 9 -5 9 0.0 0.1 - 0 .3 0 .4 28 17 28 1 9 5 9 -9 2 0.0 0.1 -0 .2 0 .3 0 .0 0.1 - 0 .3 0 .3 1 9 9 2 -2 0 0 2 0 .0 0.2 - 0 .2 0 .4 14 6 14 10 8 12 25 C u r r e n t B u sin e ss Real disposable personal income For 1929-2002, real disposable person al in com e (D PI) increases at an average annual rate o f 3.3 percent, the sam e as in the previously publish ed estim ates (table 20). The average rates o f grow th for 1929-59 (3.0 per cent) and for 1959-92 (3.6 percent) are also the sam e as those previously published. For 1992-2002, the av erage rate o f grow th is revised from 3.1 percent to 3.2 percent. The revisions to real D PI result from the follow ing: • R evisions to the current-dollar D PI, an d • R evisions to the im plicit price deflator (IP D ) for PC E, which is used to deflate DPI. The revisions to real D PI grow th exceed 0.1 percen t age p oin t (in absolute value) for 22 years (o f the 73 years). For all b u t 2 o f these 22 years (1932 an d 1995), the revisions to current-dollar D PI play a role; the revi sion s to the IPD for PC E play a role for 9 o f the 22 years. 19 2 9 -5 9 . T he grow th o f real D PI is revised up for 8 years, an d it is revised dow n for 11 years. The average revision is zero, an d the average o f the absolute values 5 4 2 o f the year-to-year grow th rates are nonzero; for 192959 an d 1959-92, less than 60 percent o f the revisions are nonzero. The revisions are not only m ore co m m o n for 1992-2002 than for the earlier su bp erio d s, b u t they also tend to be som ew hat larger. For 1929-59 and 1959-92, the con tribution s that the m ajor com ponen ts m ake to the percent change in real G D P differ little, on average, from the previously publish ed estim ates. In al m o st all the cases, the revisions to con tributions fall between -0 .0 1 percentage p oin t an d +0.01 percentage po in t (table 22). For 1992-2002, revisions to the con tribution s are larger. O n average, PC E contributes 0.11 percentage poin t m ore to G D P grow th in the revised estim ates than in the previously p ublish ed estim ates; upw ard re vision s to services an d to durable g oo d s are partly off set by dow nw ard revisions to n on du rable goods. Table 22. Contributions to Percent Change in Real Gross Domestic Product, Averages for Selected Periods 1929-2002 1929-59 1959-92 Previously published Revision Previously published Revision Previously published Revision Revised Previously published Revision 3.4 3.4 0.0 3.5 3.5 0.0 3.4 3.4 0.0 3.2 3.2 0.0 2.14 0.38 0.77 0.99 0.56 0.50 0.37 0.04 0.33 0.13 0.06 -0.06 0.32 0.23 0.08 -0.38 -0.31 -0.07 2.12 0.37 0.78 0.96 0.56 0.50 0.37 0.04 0.33 0.13 0.06 -0.06 0.32 0.24 0.08 -0.38 -0.31 -0.07 0.02 0.01 -0.01 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 0.00 0.00 0.00 0.00 1.88 0.26 0.96 0.66 0.38 0.28 0.12 -0.01 0.14 0.16 0.11 -0.01 0.10 0.06 0.04 -0.11 -0.06 -0.06 1.89 0.26 0.97 0.67 0.38 0.28 0.12 -0.01 0.13 0.16 0.11 -0.03 0.09 0.06 0.03 -0.11 -0.06 -0.06 -0.01 0.00 -0.01 -0.01 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.02 0.01 0.00 0.01 0.00 0.00 0.00 2.29 0.43 0.67 1.19 0.68 0.62 0.50 0.09 0.41 0.12 0.06 0.04 0.45 0.33 0.12 -0.42 -0.36 -0.06 2.26 0.43 0.66 1.17 0.68 0.62 0.50 0.09 0.41 0.12 0.06 0.03 0.45 0.33 0.12 -0.42 -0.35 -0.06 0.03 0.00 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 -0.01 0.00 2.51 0.62 0.60 1.29 0.94 0.89 0.68 0.01 0.68 0.21 0.04 -0.48 0.54 0.42 0.12 -1.03 -0.92 -0.10 2.40 0.58 0.65 1.18 0.94 0.90 0.70 0.02 0.68 0.20 0.04 -0.48 0.55 0.42 0.13 -1.02 -0.92 -0.10 0.11 0.04 -0.05 0.11 0.00 -0.01 -0.02 -0.01 0.00 0.01 0.00 0.00 -0.01 0.00 -0.01 -0.01 0.00 0.00 0.91 0.62 0.51 0.11 0.29 0.92 0.62 0.52 0.10 0.30 -0.01 0.00 -0.01 0.01 -0.01 1.56 1.35 1.19 0.16 0.21 1.56 1.35 1.20 0.15 0.21 0.00 0.00 -0.01 0.01 0.00 0.52 0.16 0.06 0.10 0.35 0.52 0.17 0.07 0.09 0.35 0.00 -0.01 -0.01 0.01 0.00 0.28 -0.03 -0.08 0.05 0.31 0.33 -0.01 -0.06 0.05 0.34 -0.05 -0.02 -0.02 0.00 -0.03 Revised Percent change at annual rate: Gross domestic product...................................... Percentage points at annual rates: Personal consumption expenditures...................... Durable goods........................................................... Nondurable goods..................................................... Services. Gross private domestic investment......................... Fixed investment Nonresidential Structures Equipment and software..................................... Residential Change in private inventories.................................... Net exports of goods and services.......................... Exports... Goods. Services Imports...................................................................... Goods.................................................................... Services................................................................. Government consumption expenditures and gross investment............................................................... Federal.............. National defense Nondefense.... State and local... Revised Revised 1992-2002 February 2004 Comprehensive NIPA Revision 26 o f the revisions is 0.1 percentage point. O nly three o f the revisions are larger than 0.1 percentage p o in t in a b solute value: The upw ard revisions for 1932 an d 1943 are 0.2 percentage poin t, an d the dow nw ard revision for 1946 is 0.4 percentage point. 1959-92. The grow th o f real D PI is revised up for 15 years, an d it is revised dow n for 14 years. The average revision is zero, an d the average o f the absolute values o f the revisions is 0.2 percentage point. T he largest u p w ard revision is 0.7 percentage p oin t for 1982. The u p w ard revisions for 1975, 1980, an d 1981 (0.4 percentage p oin t) an d for 1983 an d 1992 (0.3 percent age p oin t) are relatively large. For 7 years, the grow th rate o f real D PI is unrevised. The largest dow nw ard re vision s, at 0.4 percentage p oin t, are for 1 9 7 6,1979, and 1987. The dow nw ard revisions for 1978 an d 1990 are each 0.3 percentage point. 1992-2002. T he grow th o f real D PI is revised up for 7 years, an d it is revised dow n for 4 years. The average revision is 0.1 percentage p oin t, an d the average o f the absolute values o f the revisions is 0.3 percentage point. All b u t one o f the upw ard revisions are larger than 0.1 percentage poin t; the largest revision, at 0.5 percentage poin t, is for 1996. The dow nw ard revisions for 1993 an d 2002 are each 0.4 percentage point. A nnual Prices The revisions to the chain-type price indexes result from the in co rp oratio n o f revised an d newly available source data an d o f revised w eights into the chain fo r m ula. For 1929-2002 an d for each o f the su bperio ds, the revised estim ates o f the average an nu al increase in the price index for gross dom estic purch ases are the sam e as the previously publish ed estim ates; the sam e is true for G D P prices (table 23). For each period, the prices o f equ ipm en t an d softw are are revised dow n, an d the prices o f exports o f services are revised up. T he largest revisions to the prices o f equ ip m en t an d softw are are for 1992-2002 an d prim arily reflect the im proved prices for ph otocopyin g equipm ent, for softw are, and for light trucks. The revisions to the prices o f the other com pon en ts are as follow s: • For 1929-2002, the prices o f residential fixed invest m ent are revised up, an d the prices o f P C E are revised dow n. • For 1929-59, the prices p aid by governm ent (at both the Federal level an d at the state an d local lev els) are revised up. • For 1959-92, the prices o f P C E for services an d o f Federal nondefense spen din g are revised dow n. • For 1992-2002, the revisions to co m po n en t prices are m ore w idespread than those for the earlier p e ri ods. In PC E, upw ard revisions to prices o f durable g o o d s and o f non du rable g o o d s are offset by dow n w ard revisions to prices o f services. In n on residen tial fixed investm ent, dow nw ard revisions to prices Table 23. Prices of Gross Domestic Product and Its Major Components: Revisions to Average Annual Rates of Change Over Selected Periods [Percent] Revised Previously published Revision Revised 1929-2002 Previously published Revision Revised Previously published Revision Revised 1959-92 1929-59 Previously published Revision 1992-2002 Gross domestic product........................... Personal consumption expenditures........... Durable goods................................................ Nondurable goods.......................................... Services......................................................... Gross private domestic investment.............. Fixed investment............................................ Nonresidential............................................. Structures................................................. Equipment and software........................... Residential.................................................. 3.0 3.0 1.8 2.9 3.4 2.4 2.9 2.6 3.9 2.0 3.9 3.0 3.1 1.8 2.9 3.4 2.4 2.9 2.6 3.9 2.1 3.8 0.0 -0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 0.1 1.9 1.9 1.9 1.9 1.7 1.7 2.8 2.8 3.1 2.7 3.0 1.9 1.9 1.9 1.9 1.7 1.7 2.8 2.8 3.1 2.8 3.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 4.4 4.4 2.6 4.2 5.1 3.7 3.8 3.4 4.8 2.6 4.7 4.4 4.5 2.6 4.2 5.2 3.7 3.8 3.4 4.8 2.7 4.7 0.0 -0.1 0.0 0.0 -0.1 0.0 0.0 0.0 0.0 -0.1 0.0 1.9 1.9 -1.1 1.5 2.8 0.4 0.5 -0.6 3.6 -2.1 3.4 1.9 1.9 -1.2 1.4 2.9 0.4 0.5 -0.5 3.1 -1.7 3.3 0.0 0.0 0.1 0.1 -0.1 0.0 0.0 -0.1 0.5 -0.4 0.1 Exports........................................................... Goods.......................................................... Services Imports.... Goods... Services Government consumption expenditures and gross investment federal........................................................... National defense......................................... Nondefense................................................. State and local............................................... Addendum: Gross domestic purchases............................ 2.4 2.2 3.4 2.8 2.8 3.0 2.4 2.2 3.3 2.8 2.8 3.0 0.0 0.0 0.1 0.0 0.0 0.0 1.8 1.7 2.9 1.9 2.0 1.7 1.8 1.7 2.8 1.9 2.0 1.7 0.0 0.0 0.1 0.0 0.0 0.0 3.8 3.5 4.5 4.8 4.8 4.8 3.8 3.5 4.4 4.8 4.8 4.8 0.0 0.0 0.1 0.0 0.0 0.0 -0.2 -0.7 1.3 -0.7 -1.1 1.2 -0.2 -0.7 1.0 -0.6 -1.0 1.5 0.0 0.0 0.3 -0.1 -0.1 -0.3 3.6 3.5 3.5 3.5 4.0 3.6 3.5 3.5 3.5 4.0 0.0 0.0 0.0 0.0 0.0 2.3 2.3 2.2 2.3 3.1 2.2 2.1 2.2 2.1 3.0 0.1 0.2 0.0 0.2 0.1 5.2 5.0 5.1 4.9 5.4 5.2 5.0 5.1 5.0 5.4 0.0 0.0 0.0 -0.1 0.0 2.6 2.4 2.3 2.7 2.6 2.5 2.3 2.1 2.8 2.6 0.1 0.1 0.2 -0.1 0.0 3.0 3.0 0.0 1.9 1.9 0.0 4.5 4.5 0.0 4.5 4.5 0.0 February 2004 S u rv ey of 27 C u r r e n t B u sin e ss o f equ ipm en t an d softw are are largely offset by upw ard revisions to prices o f structures. Prices o f residential investm ent are also revised up. Im p o rt prices are revised dow n, reflecting dow nw ard revi sion s to both g oo d s an d services. G overnm ent prices are revised up, as upw ard revisions to Federal n ation al defense spen din g m ore than offset dow n w ard revisions to Federal nondefense spending. Q u arterly Real G D P The revisions to the quarterly (an d m onthly) N IPA es tim ates reflect the revisions to the annual estim ates, the in corp oration o f new an d revised m on th ly and quarterly source d ata (including the up d atin g o f sea son al factors), an d the in troduction o f changes in m ethodology. T his section focuses on the effect o f the revisions on bu sin ess cycles th at are m easured by the tu rn ing p oin ts in quarterly real G D P (table 24) an d on the quarters o f the current expan sion (table 2 5 ).37 In general, the revisions have very little effect on bu sin ess cycles. However, as a result o f the revisions, the tim in g o f one p eak in real G D P is changed slightly. In the previously publish ed estim ates, the expansion that b egan in the third quarter o f 1982 peaked in the secon d quarter o f 1990, an d real G D P decreased slightly in the third quarter o f 1990. In the revised esti m ates, real G D P is virtually the sam e in the third q u ar ter o f 1990 as in the secon d quarter, so the third quarter is taken to b e the peak.38 There have been 10 business-cycle contraction s since 1947. In the revised estim ates, three o f the first four con traction s show slightly steeper declines than in the p reviously publish ed estim ates, while three o f the last five show slightly less steep declines. The largest re vision affects the con traction that began in 1973; in the revised estim ates, the average annual rate o f decrease o f real G D P is 0.2 percentage p o in t less th an in the p re viously publish ed estim ates. For the third quarter o f 2000, the percent change in real G D P is revised from an increase o f 0.6 percent to a decrease o f 0.5 percent. However, the fourth quarter o f 2000 rem ains the cyclical peak for the expansion o f the 1990s. O f the nine com plete expansions since 1947, the one that began in 1958 has a slightly weaker increase than in the previously publish ed estim ates. Three o f the ex pan sio n s have slightly stronger increases, and five are unchanged. For the current expansion, real G D P grow th is re vised dow n for five quarters, an d it is revised up for two. T he average revision, w ithout regard to sign, is 0.5 percentage point; all o f the revisions are less than 1.0 percentage point. Table 24. Revisions to Cyclical Fluctuations in Real Gross Domestic Product, 1948-2002 [Average annual rate of change, in percent] Revised Previously published Revision -1 .7 -3 .5 -7 .4 -2 .2 -0 .5 - 2 .5 -4 .3 -5 .6 - 2 .5 - 0 .7 -1 .6 -3 .6 -7 .3 -2 .1 -0 .5 -2 .7 -4 .3 -5 .6 -2 .6 -0 .8 -0 .1 0.1 -0 .1 -0 .1 0 .0 0 .2 0 .0 0.0 0.1 0.1 7.5 3 .7 6 .2 5 .0 5 .2 4 .3 4 .4 3.8 3 .5 3 .3 7.5 3 .7 6 .3 4 .9 5 .2 4 .3 4 .3 3 .7 3 .5 3.4 0 .0 0.0 -0 .1 0.1 0 .0 0 .0 0.1 0.1 0 .0 -0 .1 C o n tra c tio n s 1 9 4 8 :IV -1 9 4 9 :IV .............................................. 1953:11-1954:1................................................... 1957:111-1958:1.................................................. 1960:1-19 6 0 :IV .................................................. 1969:111-1970:1V............................................... 1 9 7 3 :IV -1 975:1.................................................. 1980:1-1980:111................................................. 1981:111-1982:1................................................. 1990:111-1991:11................................................ 2000:IV —2001 :lll............................................... E xp a n s io n s 1949:1V—1953:11................................................ 1954:1-1957:111................................................. 1 958:1-1960:1.................................................... 1 9 6 0 .IV -1 969:111............................................... 1970:IV —19 7 3 :IV .............................................. 1975:1-1980:1.................................................... 1980:111-1981:111............................................... 1982:1-1990:1111............................................... 1991 :l—2 0 0 0 :IV .................................................. 2001:111-2003:1112............................................. 1. In the previously published estimates, real GDP peaked in the second quarter of 1990. Real GDP is now estimated to have grown at an average rate of 4.2 percent from the preceding peak (1982:111) until 1990:11,0.1 percentage point more man in the previously published estimates. Real GDP decreased at an annual rate of 1.7 percent from 1990:11 until the subsequent business cycle trough (1991 :l), compared with a 2.0-percent rate of decrease in the previously published data. 2. The current expansion is shown through the third quarter of 2003. Table 25. Rates of Growth of Real Gross Domestic Product, 2001:1V—2003:11 Revised 37. Turning points in quarterly real GDP do not always coincide with the business-cycle turning points determined by the National Bureau of Eco nomic Research. 38. Real GDP increased in the third quarter o f 1990 but by less than 0.05 percent. In identifying turning points in “cases of equal values, the rule is to choose the last one as the cyclical turn” in Gerhard Bry and Charlotte Boschan, “Cyclical Analysis of Time Series: Selected Procedures and Com puter Programs” (technical paper 20, New York: National Bureau of Eco nomic Research, 1971): 12. 2001 :IV ................................................................. 2002:1................................................................... 2002:11.................................................................. 2002:111................................................................. 2002:1V................................................................. 2003:1................................................................... 2003:11.................................................................. Appendixes A and B follow. 2.0 4 .7 1.9 3.4 1.3 2.0 3.1 Previously published Revision 2.7 5.1 1.2 4.1 1.4 1.5 3.3 -0 .7 - 0 .4 0.7 - 0 .7 -0 .1 0 .5 - 0 .2 Com prehensive NIPA Revision February 2004 Appendix A. Gross Domestic Product, 1959-2002 [Billions of dollars unless otherwise noted] Definitional changes Statistical changes Total revision as a percentage of previously published -0.3 -0.4 -0.3 -0.3 -0.2 0.0 -0.1 -0.6 -0.5 -0.3 0.5 0.2 0.1 0.4 0.0 1.4 5.6 3.7 1.8 -0.7 -3.2 -6.0 -4.2 -5.2 1.2 -1.0 2.1 2.9 -16.0 -20.6 -23.6 -26.1 -30.8 -26.8 -35.2 -43.6 -57.8 -56.8 -79.6 -75.6 -74.2 -81.9 -74.6 -70.9 -0.5 -0.6 -0.7 -0.6 -0.8 -0.8 -0.9 -0.9 -1.0 -1.2 -1.2 -1.4 -1.6 -2.5 -2.8 -2.4 -2.5 -2.3 -2.3 -0.5 0.1 -0.1 1.3 1.0 0.6 1.5 5.2 7.0 13.0 16.1 18.9 26.0 40.5 45.3 50.3 60.8 53.9 59.7 65.2 41.1 68.0 74.2 93.1 105.4 -0.2 -0.2 -0.2 -0.2 -0.2 -0.1 -0.1 -0.2 -0.2 -0.2 -0.1 -0.1 -0.1 -0.2 -0.2 -0.1 0.2 0.1 0.0 -0.1 -0.1 -0.2 -0.1 -0.1 0.1 0.0 0.2 0.2 -0.1 -0.1 -0.1 0.0 0.2 0.3 0.2 0.3 0.0 0.0 -0.2 -0.4 -0.1 -0.1 0.2 0.3 Revision Year 1959.................................................................................................. 1960.................................................................................................. 1961.................................................................................................. 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985. 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002.................................................................................................. Revised 506.6 526.4 544.7 585.6 617.7 663.6 719.1 787.8 832.6 910.0 984.6 1,038.5 1,127.1 1,238.3 1,382.7 1,500.0 1,638.3 1,825.3 2,030.9 2,294.7 2,563.3 2,789.5 3,128.4 3,255.0 3,536.7 3,933.2 4,220.3 4,462.8 4,739.5 5,103.8 5,484.4 5,803.1 5,995.9 6,337.7 6,657.4 7,072.2 7,397.7 7,816.9 8,304.3 8,747.0 9,268.4 9,817.0 10,100.8 10,480.8 Previously published 507.4 527.4 545.7 586.5 618.7 664.4 720.1 789.3 834.1 911.5 985.3 1,039.7 1,128.6 1,240.4 1,385.5 1,501.0 1,635.2 1,823.9 2,031.4 2,295.9 2,566.4 2,795.6 3,131.3 3,259.2 3,534.9 3,932.7 4,213.0 4,452.9 4,742.5 5,108.3 5,489.1 5,803.2 5,986.2 6,318.9 6,642.3 7,054.3 7,400.5 7,813.2 8,318.4 8,781.5 9,274.3 9,824.6 10,082.2 10,446.2 Total -0.8 -1.0 -1.0 -0.9 -1.0 -0.8 -1.0 -1.5 -1.5 -1.5 -0.7 -1.2 -1.5 -2.1 -2.8 -1.0 3.1 1.4 -0.5 -1.2 -3.1 -6.1 -2.9 -4.2 1.8 0.5 7.3 9.9 -3.0 -4.5 -4.7 -0.1 9.7 18.8 15.1 17.9 -2.8 3.7 -14.1 -34.5 -5.9 -7.6 18.6 34.6 February 2004 S u rv ey of 29 C u r r e n t B u sin e ss Appendix Table B. Revisions to Current-Dollar Gross Domestic Product and Measures of Income [Billions of dollars] 1959 Gross domestic product (GDP)..................................................................... Personal consumption expenditures Durable goods................... Nondurable goods............. Services............................ Gross private domestic investment.................................................................................... Fixed investment............................................................................................................ Nonresidential Structuies Equipment and software........................................................................................ Residential Change in pnvate 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............................................................................................................... Measures of income: Gross domestic income...................................................................................................... Personal income.... Disposable personal income Personal outlays. Personal saving, Personal saving as a percentage of disposable personal income..................................... Selected personal income components: Wage and salary disbursements........................................................................................ Employer contributions for employee................................................................................ Employer contributions for employee pension and insurance funds................................. Proprietors’ income with inventory valuation and capital consumption adjustments Farm............................................................................................................................... Nonfarm.................................................... Rental income of persons with capital consumption adjustment....................................... Personal interest income.............................. Personal dividend income............................ Personal current transfer receipts................ Selected national income components: Compensation of employees.............................................................................................. Wage and salary accruals.............................................................................................. Supplements to wages and salaries............................................................................. Proprietors’ income with inventory valuation and capital consumption adjustments Rental income of persons with capital consumption adjustment....................................... Corporate profits with inventory valuation and capital consumption adjustments............ Net interest and miscellaneous payments......................................................................... 1987 1992 1997 1998 1999 2000 2001 2002 -0.8 -0.5 0.0 0.0 -0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.1 2.1 0.0 2.1 0.0 0.0 0.0 -2.5 -2.0 -2.2 0.1 -0.4 -3.0 -5.1 2.0 0.0 -7.0 3.5 3.5 -2.6 2.1 -4.8 6.1 0.0 -2.9 -1.7 0.0 -1.7 1.2 0.0 1.2 1.6 -0.3 -1.2 0.7 1.9 18.8 25.6 12.8 7.6 5.3 -1.8 -3.1 -14.0 0.4 -14.3 10.8 1.3 -5.3 -1.5 -0.7 -0.7 4.0 0.0 3.8 0.5 -0.6 -1.6 1.0 1.0 -14.1 18.1 50.2 -22.6 -9.4 -0.7 -9.9 -30.7 -5.5 -25.3 20.9 9.1 -12.3 -11.1 -1.2 -9.9 1.1 0.2 0.8 -19.2 -7.3 -3.0 -4.3 -11.9 -34.5 23.5 57.0 -24.9 -8.6 -29.6 -27.2 -48.6 -7.2 -41.6 21.4 -2.3 -8.2 -9.0 -0.4 -8.5 -0.8 -1.0 0.2 -20.2 -8.8 -3.4 -5.4 -11.4 -5.9 36.0 61.7 -25.3 -0.5 -11.0 -18.4 -39.6 -1.5 -38.1 21.2 7.4 -10.6 1.9 -0.1 2.0 12.5 0.2 12.4 -20.2 -9.2 -3.7 -5.5 -11.0 -7.6 55.7 59.4 -25.7 21.9 -19.9 -12.8 -33.7 -1.0 -32.7 20.9 -7.1 -14.0 -4.8 -0.7 -4.2 9.2 0.4 8.8 -29.4 -10.4 -4.6 -5.8 -19.0 18.6 58.4 46.0 -27.7 39.9 21.2 -2.9 -27.5 -2.4 -25.1 24.4 24.2 -17.6 1.0 -2.0 3.0 18.7 0.8 17.8 -43.3 -15.2 -6.9 -8.3 -28.1 34.6 81.6 39.4 -29.0 71.2 -4.0 -5.4 -37.2 -3.0 -34.2 31.8 1.5 -2.7 -8.1 -5.8 -2.2 -5.4 -1.8 -3.7 -40.4 -14.2 -9.1 -5.1 -26.1 -0.5 -1.2 -0.7 -0.8 0.2 0.0 -21.3 -15.1 -1.2 10.2 -11.4 -0.3 -40.2 -28.4 -3.2 44.5 -47.7 -1.0 -54.9 -21.9 20.6 55.2 -34.6 -0.6 -50.9 -3.0 40.3 65.0 -24.7 -0.4 -9.0 15.9 67.6 83.1 -15.4 -0.2 -9.0 23.1 73.8 107.0 -33.0 -0.5 13.6 27.8 76.2 118.7 -42.5 -0.6 2.9 -11.9 46.9 149.5 -102.6 -1.4 0.0 0.5 -2.3 -11.3 -9.4 -4.1 -7.1 -7.7 -21.8 -0.1 -1.1 -0.9 -0.3 1.0 -1.0 0.0 0.0 -5.9 -1.7 -0.3 -1.3 -2.3 -4.8 0.1 -1.0 -7.0 -6.7 1.8 -8.7 14.7 -26.7 2.1 -2.3 22.1 -5.2 4.5 -9.7 0.5 -15.3 -1.9 -11.0 39.1 4.0 3.8 0.2 -1.1 -31.2 1.6 -5.1 52.2 -0.1 0.9 -1.0 -1.8 -40.6 7.6 3.6 65.7 13.6 0.1 13.5 3.7 -66.0 0.4 13.7 72.2 42.7 6.0 36.8 25.2 -87.6 -38.0 22.2 69.8 41.2 1.4 39.7 30.6 -96.1 -37.6 4.2 0.0 0.0 -0.1 -1.1 1.0 2.0 -0.4 -5.4 0.5 -5.9 -1.7 -2.3 22.2 2.8 -9.4 -2.3 -7.0 -6.7 14.7 26.2 -18.3 10.4 -11.3 21.7 -5.2 0.5 34.7 -17.7 29.8 -9.4 39.2 4.0 -1.1 24.2 -33.1 48.3 -4.2 52.5 -0.1 -1.8 45.5 -39.6 59.3 -7.1 66.3 13.6 3.7 29.8 -63.3 65.5 -7.7 73.3 42.7 25.2 38.8 -94.0 49.6 -21.8 71.4 41.2 30.6 116.8 -112.2 F e a t u r i n g : M a i n p a g e s i n d u s t r y , f o r r e g i o n a l , i n t e r n a t i o n a l I n t e r a c t i v e I m p r o v e d t h e n a t i o n a l , a n d a c c o u n t s d a t a f e a t u r e s n a v i g a t i o n February 2004 31 National Incom e and Product A ccounts Tables This section presents estimates from the 2003 comprehen sive revision of the national income and product accounts (NIPAs) and subsequent updates. Elsewhere in this issue, an article discusses the sources and impacts o f the comprehen sive revision in detail. The “selected” tables, which are published each month, present annual estimates for 2000-2003 and quarterly esti mates for the second quarter of 2000 through the fourth quarter o f 2003. The “advance” estimates for the fourth quarter o f 2003 were released on January 30, 2004. Other tables that were available on February 9, 2004, present annual estimates for 1999-2002 or monthly esti mates for 1999-2003. Additional revised NIPA estimates will be released on BEA’s Web site at < www.bea.gov> as they become available. These estimates are available without charge. Note. Tables 2.2B, 2.7B, and 6.16D present quarterly or monthly estimates for 2001-2003 on the basis o f the North American Industry Classification System. Estimates for ear lier years are shown on the basis o f the Standard Industrial Classification system on BEA’s Web site in tables 2.2A,2.7A,6.16A, 6.16B, and 6.16C. Summary Tables A. Summary National Income and Product Accounts, 2002................................................................................................ 37 1. Domestic Product and Income 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product 39 1.1.2. Contributions to Percent Change in Real Gross Domestic Product 39 1.1.3. Real Gross Domestic Product, Quantity Indexes 40 1.1.4. Price Indexes for Gross Domestic Product 1.1.5. Gross Domestic Product 40 41 1.1.6. Real Gross Domestic Product, Chained Dollars 41 1.1.7. Percent Change From Preceding Period in Prices for Gross Domestic Product 42 1.1.8. Contributions to Percent Change in the Gross Domestic Product Price Index 42 1.1.9. Implicit Price Deflators for Gross Domestic Product 43 1.1.10. Percentage Shares o f Gross Domestic Product 43 1.2.1. Percent Change From Preceding Period in Real Gross Domestic Product by Major Type o f Product 44 1.2.2. Contributions to Percent Change in Real Gross Domestic Product by Major Type o f Product 44 1.2.3. Real Gross Domestic Product by Major Type of Product, Quantity Indexes 45 1.2.4. Price Indexes for Gross Domestic Product by Major Type of Product 1.2.5. Gross Domestic Product by Major Type o f Product 45 46 1.2.6. Real Gross Domestic Product by Major Type o f Product, Chained Dollars 46 1.3.1. Percent Change From Preceding Period in Real Gross Value Added by Sector 47 1.3.3. Real Gross Value Added by Sector, Quantity Indexes 47 1.3.4. Price Indexes for Gross Value Added by Sector 47 1.3.5. Gross Value Added by Sector 1.3.6. Real Gross Value Added by Sector, Chained D ollars 48 48 1.4.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers................................................................................................................ 48 1.4.3. Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers, Quantity Indexes............................................................................................................................................................... 49 1.4.4. Price Indexes for Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers........................................................................................................................................................................... 49 1.4.5. Relation o f Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers...... 49 1.4.6. Relation o f Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers, Chained Dollars............................................................................................................................................ 49 1.5.1. Percent Change From Preceding Period in Real Gross Domestic Product, Expanded D etail.............................. 50 32 National Income and Product Accounts Tables February 2004 1.5.2. Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail ..51 1.5.3. Real Gross Domestic Product, Expanded Detail, Quantity Indexes ..52 1.5.4. Price Indexes for Gross Domestic Product, Expanded D etail .53 1.5.5. Gross Domestic Product, Expanded Detail .54 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained Dollars .55 1.6.4. Price Indexes for Gross Domestic Purchases................................................................................................................ .56 1.6.7. Percent Change From Preceding Period in Prices for Gross Domestic Purchases ..57 1.6.8. Contributions to Percent Change in the Gross Domestic Purchases Price Index .58 1.7.1. Percent Change from Preceding Period in Real Gross Domestic Product, Real Gross National Product, and Real Net National Product ..59 1.7.3. Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity Indexes ..59 1.7.4. Price Indexes for Gross Domestic Product, Gross National Product, and Net National Product ..59 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income ..60 1.7.6. Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Chained D ollars................................................................................................................................................................ ..61 1.8.3. Command-Basis Real Gross National Product, Quantity Indexes ..61 1.8.6. Command-Basis Real Gross National Product, Chained D ollars ..61 * 1.9.3. Real Net Value Added by Sector, Quantity Indexes * 1.9.4. Price Indexes for Net Value Added by Sector * 1.9.5. Net Value Added by Sector * 1.9.6. Real Net Value Added by Sector, Chained Dollars 1.10. Gross Domestic Income by Type of Income .62 1.11. Percentage Shares o f Gross Domestic Income ..62 1.12. National Income by Type of Income ..63 * 1.13. National Income by Sector, Legal Form o f Organization, and Type o f Income 1.14. Gross Value Added o f Domestic Corporate Business in Current Dollars and Gross Value Added of Nonfinancial Domestic Corporate Business in Current and Chained Dollars ..64 1.15. Price, Costs, and Profit Per Unit of Real Gross Value Added o f Nonfinancial Domestic Corporate Business .... 65 1.16. Sources and Uses o f Private Enterprise Incom e ..65 2. P e r so n a l I n c o m e a n d O u tla y s 2.1. Personal Income and Its Disposition ..66 2.2B. Wage and Salary Disbursements by Industry ..67 2.3.1. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product ..67 2.3.2. Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type o f Product ..68 2.3.3. Real Personal Consumption Expenditures by Major Type o f Product, Quantity Indexes ..68 2.3.4. Price Indexes for Personal Consumption Expenditures by Major Type of Product ..69 2.3.5. Personal Consumption Expenditures by Major Type o f Product ..69 2.3.6. Real Personal Consumption Expenditures by Major Type o f Product, Chained D ollars ..70 2.4.3. Real Personal Consumption Expenditures by Type of Product, Quantity Indexes ..71 2.4.4. Price Indexes for Personal Consumption Expenditures by Type of Product ..72 2.4.5. Personal Consumption Expenditures by Type of Product ..73 2.4.6. Real Personal Consumption Expenditures by Type o f Product, Chained D ollars ..74 2.5.3. Real Personal Consumption Expenditures by Type o f Expenditure, Quantity Indexes ..75 2.5.4. Price Indexes for Personal Consumption Expenditures by Type of Expenditure ..76 * These tables are scheduled to be published in an upcoming issue. Please see the introduction. February 2004 S u rvey of 33 C u r r e n t B u sin ess 2.5.5. Personal Consumption Expenditures by Type of Expenditure ..77 2.5.6. Real Personal Consumption Expenditures by Type of Expenditure, Chained D ollars ..78 2.6. Personal Income and Its Disposition, Monthly ..79 2.7B. Wage and Salary Disbursements by Industry, Monthly ..82 2.8.1. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product, Monthly.............................................................................................................................................................. 83 2.8.3. Real Personal Consumption Expenditures by Major Type o f Product, Monthly, Quantity Indexes .84 2.8.4. Price Indexes for Personal Consumption Expenditures by Major Type o f Product, M onthly .85 2.8.5. Personal Consumption Expenditures by Major Type o f Product, Monthly .86 2.8.6. Real Personal Consumption Expenditures by Major Type o f Product, Monthly, Chained D ollars .87 * 2.9. Personal Income and Its Disposition by Households and by Nonprofit Institutions Serving Households 3. G o v e r n m e n t C u r r e n t R e c e ip ts a n d E x p e n d itu r e s 3.1. Government Current Receipts and Expenditures .88 3.2. Federal Government Current Receipts and Expenditures .89 3.3. State and Local Government Current Receipts and Expenditures .90 3.4. Personal Current Tax Receipts .91 3.5. Taxes on Production and Im ports .91 3.6. Contributions for Government Social Insurance .91 3.7. Government Current Transfer Receipts .92 3.8. Current Surplus o f Government Enterprises .92 3.9.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross Investment.......................................................................................................................................................................... 92 3.9.2. Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment.... 93 3.9.3. Real Government Consumption Expenditures and Gross Investment, Quantity Indexes .93 3.9.4. Price Indexes for Government Consumption Expenditures and Gross Investment .94 3.9.5. Government Consumption Expenditures and Gross Investment .94 3.9.6. Real Government Consumption Expenditures and Gross Investment, Chained Dollars .95 3.10.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and General Government Gross Output............................................................................................................................................ 96 3.10.3. Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes .. 98 3.10.4. Price Indexes for Government Consumption Expenditures and General Government Gross O utput .100 3.10.5. Government Consumption Expenditures and General Government Gross O utput ..102 3.10.6. Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars.... 104 3.11.1. Percent Change From Preceding Period in Real National Defense Consumption Expenditures and Gross Investment by Type................................................... ..................................................................................................... 106 3.11.3. Real National Defense Consumption Expenditures and Gross Investment by Type, Quantity Indexes .107 3.11.4. Price Indexes for National Defense Consumption Expenditures and Gross Investment by Type .108 3.11.5. National Defense Consumption Expenditures and Gross Investment by T ype .109 3.11.6. Real National Defense Consumption Expenditures and Gross Investment by Type, Chained D ollars .110 3.12. Government Social Benefits............................................................................................................................................. I l l 3.13. Subsidies.............................................................................................................................................................................. I l l 3.14. Government Social Insurance Funds Current Receipts and Expenditures............................................................... I l l * 3.15.3. Real Government Consumption Expenditures and Gross Investment by Function, Quantity Indexes * 3.15.5. Government Consumption Expenditures and Gross Investment by Function * 3.15.6. Real Government Consumption Expenditures and Gross Investment by Function, Chained Dollars * 3.16. Government Current Expenditures by Function * These tables are scheduled to be published in an upcoming issue. Please see the introduction. 34 National Income and Product Accounts Tables February 2004 * 3.17. Selected Government Current Expenditures by Function * 3.18B. Relation o f Federal Government Current Receipts and Expenditures in the National Income and Product Accounts to the Budget, Fiscal Years * 3.19. Relation o f State and Local Government Current Receipts and Expenditures in the National Income and Product Accounts to Bureau o f Census Government Finances Data, Fiscal Years * 3.20. Relation o f Commodity Credit Corporation Expenditures in the National Income and Product Accounts to Commodity Credit Corporation Outlays in the Budget 4. Foreign Transactions 4.1. Foreign Transactions in the National Income and Product Accounts......................................................................... 112 4.2.1. Percent Change From Preceding Period in Real Exports and in Real Imports o f Goods and Services by Type o f Product........................................................................................................................................................................... 113 4.2.2. Contributions to Percent Change in Real Exports and in Real Imports o f Goods and Services by Type of Product............................................................................................................................................................................... 114 4.2.3. Real Exports and Imports o f Goods and Services by Type o f Product, Quantity Indexes ..115 4.2.4. Price Indexes for Exports and Imports of Goods and Services by Type o f Product ..116 4.2.5. Exports and Imports o f Goods and Services by Type o f Product ..117 4.2.6. Real Exports and Imports o f Goods and Services by Type o f Product, Chained D ollars ..118 * 4.3B. Relation o f Foreign Transactions in the National Income and Product Accounts to the Corresponding Items in the International Transactions Accounts 5. Saving and Investment 5.1. Saving and Investment......................................................................................................................................................... 119 * 5.2.3 Real Gross and Net Domestic Investment by Major Type, Quantity Indexes * 5.2.5. Gross and Net Domestic Investment by Major Type * 5.2.6 Real Gross and Net Domestic Investment by Major Type, Chained Dollars 5.3.1. Percent Change From Preceding Period in Real Private Fixed Investment by Type ..120 5.3.2. Contributions to Percent Change in Real Private Fixed Investment by Type ..121 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes ..122 5.3.4. Price Indexes for Private Fixed Investment by Type ..123 5.3.5. Private Fixed Investment by T ype ..124 5.3.6. Real Private Fixed Investment by Type, Chained D ollars ..125 5.4.1B. Percent Change From Preceding Period in Real Private Fixed Investment in Structures by Type ..126 5.4.2B. Contributions to Percent Change in Real Private Fixed Investment in Structures by Type ..126 5.4.3B. Real Private Fixed Investment in Structures by Type, Quantity Indexes ..127 5.4.4B. Price Indexes for Private Fixed Investment in Structures by Type ..127 5.4.5B. Private Fixed Investment in Structures by Type ..128 5.4.6B. Real Private Fixed Investment in Structures by Type, Chained D ollars ..128 5.5.1. Percent Change From Preceding Period in Real Private Fixed Investment in Equipment and Software by Type.................................................................................................................................. 129 5.5.2. Contributions to Percent Change in Real Private Fixed Investment in Equipment and Software by Type ..129 5.5.3. Real Private Fixed Investment in Equipment and Software by Type, Quantity Indexes ..129 5.5.4. Price Indexes for Private Fixed Investment in Equipment and Software by Type ..129 5.5.5. Private Fixed Investment in Equipment and Software by Type ..130 5.5.6. Real Private Fixed Investment in Equipment and Software by Type, Chained D ollars ..130 5.6.5B. Change in Private Inventories by Industry ..131 5.6.6B. Real Change in Private Inventories by Industry, Chained Dollars ..131 5.7.5B. Private Inventories and Domestic Final Sales by Industry ..132 5.7.6B. Real Private Inventories and Real Domestic Final Sales by Industry, Chained D ollars ..133 * These tables are scheduled to be published in an upcoming issue. Please see the introduction. February 2004 S u rv ey of C u rr e n t B u sin ess 5.7.9B. Implicit Price Deflators for Private Inventories by Industry................................................................................... 35 133 * 5.8.3B. Real Gross Government Fixed Investment by Type, Quantity Indexes * 5.8.4B. Price Indexes for Gross Government Fixed Investment by Type * 5.8.5B. Gross Government Fixed Investment by Type * 5.8.6B. Real Gross Government Fixed Investment by Type, Chained Dollars * 5.9. Changes in Net Stock o f Produced Assets (Fixed Assets and Inventories) 5.10. Capital Transfers (N et)..................................................................................................................................................... 134 6. Income and Employment by Industry * 6.ID. National Income Without Capital Consumption Adjustment by Industry * 6.2D. Compensation o f Employees by Industry * 6.3D. Wage and Salary Accruals by Industry * 6.4D. Full-Time and Part-Time Employees by Industry * 6.5D. Full-Time Equivalent Employees by Industry * 6.6D. Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry * 6.7D. Self-Employed Persons by Industry * 6.8D. Persons Engaged in Production by Industry * 6.9D. Hours Worked by Full-Time and Part-Time Employees by Industry * 6.10D. Employer Contributions for Government Social Insurance by Industry * 6.1 ID. Employer Contributions for Employee Pension and Insurance Funds by Industry and by Type * 6.12D. Nonfarm Proprietors’ Income by Industry 6.13D. Noncorporate Capital Consumption Allowances by Industry................................................................................ ..135 * 6.14D. Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry * 6.15D. Net Interest by Industry 6.16D. Corporate Profits by Industry...................................................................................................................................... ..136 6.17D. Corporate Profits Before Tax by Industry................................................................................................................... ..137 6.18D. Taxes on Corporate Income by Industry........................................................................................................................138 6.19D. Corporate Profits After Tax by Industry..................................................................................................................... ..139 6.20D. Net Corporate Dividend Payments by Industry...........................................................................................................140 6.21D. Undistributed Corporate Profits by Industry...............................................................................................................141 6.22D. Corporate Capital Consumption Allowances by Industry..........................................................................................142 7. Supplemental Tables 7.1. Selected Per Capita Product and Income Series in Current and Chained D ollars.................................................... ..143 7.2.IB. Percent Change from Preceding Period in Real Motor Vehicle O utput................................................................ ..144 7.2.3B. Real Motor Vehicle Output, Quantity Indexes.............................................................................................................145 7.2.4B. Price Indexes for Motor Vehicle Output..................................................................................................................... ..146 7.2.5B. Motor Vehicle O utput................................................................................................................................................... ..147 7.2.6B. Real Motor Vehicle Output, Chained D ollars..............................................................................................................148 7.3.5. Farm Sector Output, Gross Value Added, and Net Value A dded.............................................................................. ..149 7.3.6. Real Farm Sector Output, Real Gross Value Added, and Real Net Value Added, Chained Dollars..................... ..149 7.4.5. Housing Sector Output, Gross Value Added, and Net Value Added...........................................................................149 7.4.6. Real Housing Sector Output, Real Gross Value Added, and Real Net Value Added, Chained D ollars............... ..149 7.5. Consumption o f Fixed Capital by Legal Form o f Organization and Type o f Income............................................... ..150 7.6. Capital Consumption Adjustment by Legal Form o f Organization and Type o f Adjustm ent................................ ..150 * 7.7. Business Current Transfer Payments by Type * 7.8. Supplements to Wages and Salaries by Type * These tables are scheduled to be published in an upcoming issue. Please see the introduction. National Income and Product Accounts Tables 36 February 2004 7.9. Rental Income o f Persons by Legal Form o f Organization and by Type of Incom e.................................................. 150 7.10. Dividends Paid and Received by Sector.......................................................................................................................... 150 7.11. Interest Paid and Received by Sector and Legal Form of Organization..................................................................... 151 * 7.12. Imputations in the National Income and Product Accounts * 7.13. Relation of Consumption of Fixed Capital in the National Income and Product Accounts to Depreciation and Amortization as Published by the Internal Revenue Service * 7.14. Relation o f Nonfarm Proprietors’ Income in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue Service * 7.15. Relation o f Net Farm Income in the National Income and Product Accounts to Net Farm Income as Published by the U.S. Department of Agriculture * 7.16. Relation o f Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue Service * 7.17. Relation o f Monetary Interest Paid and Received in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue Service * 7.18. Relation o f Wages and Salaries in the National Income and Product Accounts to Wages and Salaries as Published by the Bureau of Labor Statistics * 7.19. Comparison o f Personal Income in the National Income and Product Accounts with Adjusted Gross Income as Published by the Internal Revenue Service * 7.20. Comparison o f Receipts and Outlays o f Nonprofit Institutions Serving Households with Receipts and Expenses as Published by the Internal Revenue Service 8. Seasonally Unadjusted Estimates * 8.1. Gross Domestic Product, Not Seasonally Adjusted * 8.2. Personal Consumption Expenditures by Major Type o f Product, Not Seasonally Adjusted * 8.3. Federal Government Current Receipts and Expenditures, Not Seasonally Adjusted * 8.4. State and Local Government Current Receipts and Expenditures, Not Seasonally Adjusted * 8.5. Foreign Transactions in the National Income and Product Accounts, Not Seasonally Adjusted * 8.6. Corporate Profits with Inventory Valuation Adjustment, Not Seasonally Adjusted * These tables are scheduled to be published in an upcoming issue. Please see the introduction. February 2004 S urvey of C u rren t B u sin ess 37 Table A. Summary National Income and Product Accounts, 2002 [Billions of dollars] Account 1. Domestic Income and Product Account Line 1 2 3 4 5 6 7 8 9 10 11 Line Compensation of employees, paid....................................................................... Wage and salary accruals....................... Disbursements (3-12 and 5-11)......... Wage accruals less disbursements (4-9 and 6-11).................................... Supplements to wages and salaries (3-14) Taxes on production and imports (4-16)..... Less: Subsidies (4 -8 ).................................. Net operating surplus................................... Private enterprises (2-19)............................................................................... Current surplus of government enterprises (4-26).......................................... Consumption of fixed capital (6-13)..................................................................... 6,024.3 4,979.8 4,979.8 0.0 1,044.5 760.1 38.2 2,523.2 2,520.3 2.8 1,288.6 12 Gross domestic Income..................................................................................... 10,558.0 13 Statistical discrepancy (6-19).............................................................................. -77.2 14 GROSS DOMESTIC PRODUCT......................................................................... 10,480.8 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Personal consumption expenditures (3-3)........................................................... Durable goods................................................................................................... Nondurable goods Services........ Gross private domestic investment...................................................................... Fixed investment (6-2) Nonresidential Structures Equipment and software........................................................................... Residential....................... Change in private inventories (6-4) Net exports of goods and services Exports (5-1)......................... Imports (5-9)..................................................................................................... Government consumption expenditures and gross investment (4-1 and 6-3).... Federal.............................................................................................................. National defense........................................................................................... Nondefense................................................................................................... State and local.................................................................................................. 7,385.3 911.3 2,086.0 4,388.0 1,589.2 1,583.9 1,080.2 266.3 813.9 503.7 5.4 -426.3 1,006.8 1,433.1 1,932.5 679.5 438.3 241.2 1,253.1 34 GROSS DOMESTIC PRODUCT.......................................................................... 10,480.8 Account 2. Private Enterprise Income Account Line Line 1 Income payments on assets................................................................................. ? Interest and miscellaneous payments (3-20 and 4-21).................................. 3 Dividend payments to the rest of the world (5-14).......................................... 4 Reinvested earnings on foreign direct investment in the United States (5-15) 5 Business current transfer payments (net)............................................................ 6 To persons (net) (3-24)..................................................................................... 7 To government (net) (4-24)............................................................................... 8 To the rest of the world (net) (5-19)................................................................. 9 Proprietors’ income with inventory valuation and capital consumption adjustments (3-17)............................................................................................ 10 Rental income of persons with capital consumption adjustment (3-18)............. 11 Corporate profits with inventory valuation and capital consumption adjustments 12 Taxes on corporate income............................................................................... To government (4-17)................................................................................... 13 14 To the rest of the world (5-19)..................................................................... 15 Profits after tax with inventory valuation and capital consumption adjustments Net dividends (3-21 and 4-22).................................................................... 16 17 Undistributed corporate profits with inventory valuation and capital consumption adjustments (6-10)............................................................. 2,316.7 2,267.7 42.1 6.9 89.8 42.6 46.8 0.4 18 USES OF PRIVATE ENTERPRISE INCOME...................................................... 4,281.5 19 Net operating surplus (1-9)................................................................................... 20 21 Interest (3-20)................................................................................................... 22 Dividend receipts from the rest of the world (5-6)............................................ 23 Reinvested earnings on U.S. direct investment abroad (5-7).......................... 2,520.3 1,761.1 1,558.7 81.5 121.0 24 SOURCES OF PRIVATE ENTERPRISE INCOME.............................................. 4,281.5 797.7 173.0 904.2 195.0 185.9 9.2 709.1 398.3 310.8 Account 3. Personal Income and Outlay Account Line 1 Personal current taxes (4-15)............................................................................... 2 Personal outlays............................... Personal consumption expenditures (1-15)..................................................... 3 Personal interest payments (3-20) 4 5 Personal current transfer payments To government (4-25)............. 6 7 To the rest of the world (net) (5-17) 8 Personal saving (6 -9 )........................................................................................... 9 PERSONAL TAXES, OUTLAYS, AND SAVING................................................. Line 1,053.1 7,674.0 7,385.3 194.7 94.0 58.6 35.4 183.2 8,910.3 10 Compensation of employees, received................................................................. 11 Wage and salary disbursements...................................................................... 12 Domestic (1-3 less 5 -1 1 )............................................................................ 13 Rest of the world (5-3).................................................................................. 14 Supplements to wages and salaries (1-5)....................................................... 15 Employer contributions for employee pension and insurance funds............ Employer contributions for government social insurance............................. 16 17 Proprietors’ income with inventory valuation and capital consumption 6,019.1 4,974.6 4,971.4 3.2 1,044.5 680.4 364.1 797.7 173.0 1,378.5 18 Rental income of persons with capital consumption adjustment (2-10)............. 19 Personal income receipts on assets..................................................................... 20 Personal interest income (2-2 and 3-4 and 4-7 and 5-5 less 2-21 less 4-21 less 5-13)............................................................................................. 21 Personal dividend income (2-16 less 4-22)..................................................... 22 Personal current transfer receipts......................................................................... Government social benefits (4 -4 ).................................................................... 23 24 From business (net) (2-6)................................................................................. 25 Less: Contributions for government social insurance (4-19)............................... 982.4 396.2 1,292.2 1,249.5 42.6 750.3 26 PERSONAL INCOME........................................................................................... 8,910.3 Summary NIPAs 38 February 2004 Account 4. Government Receipts and Expenditures Account Line Line 1 Consumption expenditures (1-29).......................................................... 2 Current transfer payments....................................................................... Government social benefits 3 4 To persons (3-23)....... To the rest of the world (5-18) 5 Other current transfer payments to the rest of the world (net) (5-18). Interest payments (3-20)........................................................................ Subsidies (1 -7 )........................................................................................ Less: Wage accruals less disbursements (1-4)...................................... Net government saving (6-12)................................................................ Federal................................................................................................. State and local..................................................................................... 1,595.4 1,271.1 1,252.3 1,249.5 2.7 18.8 319.3 38.2 0.0 -243.3 -240.0 -3.2 14 15 16 17 18 19 20 21 22 23 24 25 26 Current tax receipts........................................................ Personal current taxes (3 -1 )...................................... Taxes on production and imports (1-6) Taxes on corporate income (2—13).. Taxes from the rest of the world (5-18) Contributions for government social insurance (3-25)... Income receipts on assets................... Interest and miscellaneous receipts (2-2 and 3-20).. Dividends (3—21).............................. Current transfer receipts................................................. Rom business (net) (2 -7 ).......................................... Rom persons (3-6).................................................... Current surplus of government enterprises (1-10)....... 2,006.2 1,053.1 760.1 185.9 7.2 750.3 116.1 114.0 2.1 105.3 46.8 58.6 2.8 GOVERNMENTCURRENTEXPENDITURESANDNETSAVING.. 2,980.7 27 GOVERNMENTCURRENTRECEIPTS. 2,980.7 Account 5. Foreign Transactions Current Account Line Line Exports of goods and services (1-27)............................................... Income receipts from the rest of the world......................................... Wage and salary receipts (3-13) Income receipts on assets Interest (3-20)............. Dividends (2-22)......... Reinvested earnings on U.S. direct investment abroad (2-23).. 1,006.8 299.1 3.2 296.0 93.5 81.5 121.0 CURRENTRECEIPTSFROMTHERESTOFTHEWORLD.. 1,306.0 9 Imports of goods and services (1-28)............................................................ 10 Income payments to the rest of the world Wage and salary payments (1-3).... 11 Income payments on assets........... 12 Interest (3-20)......................................................................................... 13 14 Dividends (2-3)....................................................................................... Reinvested earnings on foreign direct investment in the United States 15 (2-4).................................................................................................... 16 Current taxes and transferpayments to the rest of the world (net)................ 17 Rom persons (net) (3-7)............................................................................. Rom government (net) (4-5 and 4-6 less 4-18)....................................... 18 From business (net) (2-8 and 2-14).......................................................... 19 20 Balance on current account, national income and product accounts (7-1).... 21 CURRENTRAYMENTSTOTHERESTOFTHEWORLDANDBALANCEON CURRENTACCOUNT................................................................... 1,433.1 277.6 8.4 269.2 220.2 42.1 6.9 59.3 35.4 14.3 9.6 -464.1 1,306.0 Account 6. Domestic Capital Account Line Line 250.8 183.2 1 Gross domestic investment................................................................................... Private fixed investment (1-20)... 2 Government fixed investment (1-29) 3 4 Change in private inventories (1-25) 5 Capital accounts transactions (net) (7-2) 6 Net lending or net borrowing (-), national income and product accounts (7-3) 1,926.3 1,583.9 337.1 5.4 1.3 -465.4 8 Net saving.............................................................................................................. Personal saving (3-8)........................................................................................ 9 Undistributed corporate profits with inventory valuation and capital 10 consumption adjustments (2-17).................................................................. Wage accruals less disbursements (private) (1 -4 ).......................................... 11 Net government saving (4-10)................... 12 13 Plus: Consumption of fixed capital (1-11)...... 14 Private......................................................... Government................................................. 15 General government................................ 16 17 Government enterprises.......................... 18 Equals: Gross saving............................................................................................ 19 Statistical discrepancy (1-13)............................................................................... 310.8 0.0 -243.3 1,288.6 1,077.8 210.8 177.6 33.2 1,539.4 -77.2 GROSSDOMESTICINVESTMENT, CAPITALACCOUNTSTRANSACTIONS, ANDNETLENDING...................................................................... 1,462.2 20 GROSSSAVINGANDSTATISTICALDISCREPANCY.............................. 1,462.2 7 Account 7. Foreign Transactions Capital Account Line Line 1 BALANCEONCURRENTACCOUNT, NATIONALINCOMEANDPRODUCT ACCOUNTS(5-20)....................................................................... -464.1 2 Capital account transactions (net) (6-5)............................................................... 3 Net lending or net borrowing (-), national income and product accounts (6-6) 1.3 -465.4 CAPITALACCOUNTTRANSACTIONS(NET) ANDNETLENDING, NATIONALINCOMEANDPRODUCTACCOUNTS............................... -464.1 4 February 2004 S urvey 39 C u rr e n t B u sin ess of 1. Dom estic Product and Incom e Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 III IV IV I II 2003 III IV I II IV I II III 1 3.7 0.5 22 3.1 6.4 -0.5 2.1 -0.2 -0.6 -1.3 2.0 4.7 1.9 3.4 1.3 2.0 3.1 8.2 4.0 2 3 4 5 4.7 7.3 3.8 4.5 2.5 4.1 1.9 2.4 3.4 6.5 3.0 3.0 3.1 7.4 3.7 2.0 2.5 -9.5 5.7 3.9 3.9 6.0 2.3 4.3 3.4 0.7 3.7 3.9 0.5 1.7 0.4 0.3 2.3 9.8 -1.1 2.4 1.9 0.7 2.9 1.6 6.2 27.3 4.7 2.8 4.1 1.6 6.1 3.8 2.6 0.5 0.4 4.1 2.0 5.0 0.2 2.2 2.2 0.3 4.6 1.5 2.5 0.5 5.7 1.5 3.3 17.7 1.2 1.7 6.9 28.0 7.3 2.8 2.6 0.9 4.4 2.1 6 7 8 9 10 11 12 5.7 6.5 8.7 6.8 9.4 0.8 -8.4 -3.2 -4.5 -2.5 -5.2 0.4 -1.2 -3.7 -7.2 -18.4 -2.8 4.9 4.1 4.3 2.8 -4.7 5.2 7.6 29.1 9.5 14.8 18.0 13.7 -3.5 -9.9 -0.6 2.2 9.6 -0.2 -8.0 -2.3 0.7 0.9 1.2 0.8 0.4 -11.1 -2.7 -4.5 -5.9 -4.0 2.6 -16.4 -9.2 -13.6 -5.6 -16.4 3.7 -8.5 -5.2 -8.4 2.2 -12.2 3.1 -17.7 -10.8 -14.0 -35.3 ^ .1 -2.5 11.1 -2.5 -7.0 -23.9 -0.2 8.7 4.6 0.6 -3.0 -14.5 1.2 8.9 11.4 0.6 -1.1 -14.6 3.7 4.2 -0.6 2.1 -0.1 -5.6 1.7 6.8 -3.5 1.1 -0.6 -4.0 0.5 4.5 4.7 6.1 7.0 3.9 8.0 4.5 14.8 15.8 12.8 -1.8 17.6 21.9 12.4 8.1 6.9 -3.0 10.0 10.6 13 14 15 16 17 18 19 8.7 11.2 2.9 13.1 13.5 11.1 -5.2 -6.1 -3.1 -2.6 -3.2 0.4 -2.4 -4.0 1.4 3.3 3.7 1.4 1.9 1.8 2.3 3.7 4.5 -0.1 12.3 13.8 8.5 16.5 17.7 10.7 10.7 18.3 -6.6 14.1 14.1 14.1 -2.7 -5.4 4.4 -1.6 -1.6 -1.9 -4.5 -5.4 -2.0 -6.2 -6.8 -3.1 -13.4 -18.1 -0.6 -8.6 -12.2 12.5 -17.7 -18.9 -14.7 -10.8 -9.2 -18.2 -9.8 -7.6 -15.0 -3.8 -3.2 -6.9 4.4 -2.6 22.8 8.4 6.3 19.2 8.7 12.0 1.6 17.1 21.9 -3.6 4.3 4.3 4.5 4.1 4.8 0.7 -3.7 -9.1 9.4 8.2 7.4 12.2 -2.0 1.9 -10.1 -6.8 -6.6 -7.5 -1.1 -1.7 0.2 9.1 13.7 -10.9 9.9 8.6 12.7 0.8 -1.5 13.4 19.1 19.2 18.9 11.3 12.2 7.0 20 21 22 23 24 2.1 0.9 -0.5 3.5 2.7 2.8 3.7 3.9 3.5 2.2 3.8 7.9 8.9 6.2 1.8 3.4 8.7 10.5 5.4 0.6 5.5 17.2 17.0 17.6 0.1 -2.1 -8.2 -7.4 -9.7 1.3 1.3 -1.0 1.7 -5.7 2.5 5.8 8.9 7.7 11.2 4.3 5.8 6.7 2.6 14.4 5.3 -4.1 0.0 2.4 -4.3 -6.1 7.4 9.9 14.2 2.6 6.1 4.6 8.4 8.2 8.7 2.7 4.0 10.5 9.5 12.2 0.7 2.5 3.9 4.5 2.9 1.7 7.1 18.2 22.1 11.4 1.5 -0.4 -0.2 -5.6 10.5 -0.5 7.4 23.5 41.9 -5.0 -0.8 1.8 1.2 -1.3 6.5 2.1 0.8 0.7 1.8 -1.6 0.9 III IV II Gross domestic product.... Personal consumption expenditures........................... Durable goods.......................... Nondurable goods................... Services................................... Gross private domestic investment............................... Fixed investment...................... Nonresidential..................... Structures........................ Equipment and software... Residential............................ Change in private inventories... Net exports of goods and services................................... Exports... Goods. Services Imports... Goods. Services Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Nondefense.......................... State and local.......................... 2002 2001 III Table 1.1.2. Contributions to Percent Change in Real Gross Domestic Product Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Percent change at annual rate: Gross domestic product.... Percentage points at annual rates: Personal consumption expenditures........................... Durable goods.......................... Nondurable goods.................... Services................................... Gross private domestic investment............................... Fixed investment...................... Nonresidential..................... Structures......................... Equipment and software... Residential............................ Change in private inventories... Net exports of goods and services................................... Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Nondefense......................... State and local.......................... III 2002 2001 IV I II III IV II I 2003 III IV I II 1 3.7 0.5 22 3.1 6.4 -0.5 2.1 -0.2 -0.6 -1.3 2.0 4.7 1.9 3.4 1.3 2.0 3.1 8.2 4.0 2 3 4 5 3.17 0.63 0.74 1.80 1.68 0.36 0.37 0.96 2.38 0.55 0.60 1.23 2.19 0.61 0.75 0.83 1.78 -0.89 1.11 1.55 2.62 0.50 0.44 1.67 2.29 0.06 0.72 1.51 0.28 0.15 0.06 0.07 1.52 0.80 -0.22 0.94 1.27 0.06 0.57 0.64 4.20 2.14 0.91 1.15 2.92 0.14 1.19 1.58 1.81 0.04 0.07 1.70 1.39 0.43 0.04 0.92 1.57 0.02 0.90 0.65 1.80 0.04 1.13 0.63 2.34 1.38 0.25 0.71 4.89 2.23 1.48 1.19 1.84 0.08 0.89 0.87 6 7 8 9 10 11 12 0.99 1.09 1.06 0.21 0.85 0.03 -0.10 -1.47 -0.54 -0.56 -0.08 -0.47 0.02 -0.93 -0.18 -0.60 -0.82 -0.59 -0.23 0.23 0.41 0.61 0.65 0.28 -0.12 0.40 0.37 -0.04 4.65 1.60 1.76 0.53 1.23 -0.16 3.05 -1.84 -0.10 0.28 0.29 -0.02 -0.38 -1.74 -0.36 0.13 0.11 0.04 0.07 0.02 -0.49 -1.96 -0.45 -0.56 -0.20 -0.37 0.12 -1.51 -2.92 -1.60 -1.76 -0.19 -1.57 0.16 -1.32 -1.39 -0.88 -1.02 0.07 -1.09 0.14 -0.51 -2.98 -1.83 -1.71 -1.36 -0.35 -0.12 -1.15 1.60 -0.41 -0.81 -0.77 -0.03 0.40 2.01 0.69 0.08 -0.33 -0.41 0.09 0.41 0.61 1.66 0.08 -0.12 -0.40 0.28 0.20 1.58 -0.09 0.31 -0.01 -0.14 0.13 0.32 -0.40 -0.57 0.16 -0.06 -0.10 0.04 0.22 -0.74 0.73 0.90 0.68 0.09 0.59 0.22 -0.17 2.17 2.30 1.25 -0.04 1.30 1.05 -0.13 1.84 1.23 0.69 -0.07 0.76 0.54 0.61 13 14 15 16 17 18 19 -0.86 0.93 0.84 0.09 -1.79 -1.55 -0.25 -0.19 -0.58 -0.48 -0.10 0.39 0.39 -0.01 -0.70 -0.24 -0.29 0.04 -0.45 -0.42 -0.03 -0.32 0.19 0.12 0.07 -0.51 -0.51 0.00 -0.98 1.30 1.03 0.26 -2.27 -2.03 -0.24 -0.87 1.14 1.36 -0.22 -2.01 -1.70 -0.32 -0.07 -0.31 -0.45 0.14 0.24 0.19 0.04 0.46 -0.50 -0.44 -0.06 0.96 0.88 0.08 -0.25 -1.54 -1.52 -0.02 1.29 1.57 -0.28 -0.42 -1.99 -1.50 -0.48 1.57 1.10 0.47 -0.50 -1.02 -0.54 -0.47 0.52 0.35 0.16 -0.65 0.40 -0.19 0.59 -1.05 -0.66 -0.39 -1.32 0.80 0.75 0.05 -2.12 -2.20 0.09 -0.15 0.41 0.28 0.13 -0.56 -0.55 -0.02 -1.47 -0.37 -0.64 0.27 -1.10 -0.83 -0.27 0.81 -0.19 0.13 -0.31 1.00 0.81 0.19 -1.34 -0.11 -0.11 0.01 -1.24 -1.51 0.27 0.80 0.92 0.56 0.36 -0.12 0.18 -0.30 0.19 1.69 1.17 0.52 -1.50 -1.34 -0.16 20 21 22 23 24 0.36 0.05 -0.02 0.07 0.31 0.48 0.22 0.15 0.07 0.26 0.69 0.48 0.35 0.14 0.21 0.63 0.56 0.44 0.12 0.07 0.96 0.96 0.61 0.35 0.01 -0.37 -0.51 -0.29 -0.22 0.15 0.22 -0.07 0.06 -0.13 0.29 0.99 0.50 0.27 0.23 0.49 1.00 0.38 0.10 0.28 0.62 -0.74 0.00 0.09 -0.09 -0.74 1.28 0.57 0.53 0.04 0.71 0.85 0.52 0.33 0.20 0.33 0.72 0.64 0.38 0.27 0.08 0.46 0.26 0.19 0.07 0.20 1.29 1.11 0.85 0.26 0.18 -0.07 -0.01 -0.25 0.24 -0.06 1.36 1.46 1.58 -0.12 -0.10 0.34 0.09 -0.06 0.15 0.25 0.16 0.05 0.08 -0.04 0.11 Comprehensive Revision of the NIPAs 40 February 2004 Table 1.1.3. Real Gross Domestic Product, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Gross domestic product.... Personal consumption expenditures........................... Durable goods.......................... Nondurable goods................... Services................................... Gross private domestic investment............................... Fixed investment....................... Nonresidential..................... Structures......................... Equipment and software... Residential............................ Change in private inventories... Net exports of goods and Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Nondefense.......................... State and local.......................... III 2002 2001 IV I II III IV I II 2003 III IV I II III IV 1 100.000 100.506 102.710 105.911 100.315 100.200 100.721 100.664 100.503 100.180 100.679 101.843 102.324 103.172 103.502 104.008 104.801 106.887 107.947 2 3 4 5 6 7 8 9 10 11 12 100.424 100.056 100.398 100.521 101.270 100.238 101.309 101.475 100.000 91.650 90.580 94.251 100.000 96.826 93.258 97.291 100.000 95.517 88.683 91.131 100.000 97.465 79.492 75.753 100.000 94.825 92.144 96.961 100.000 100.351 105.228 113.255 103.060 100.600 100.526 99.785 100.778 100.786 100.411 100.443 101.066 102.088 100.723 98.718 99.838 96.933 92.686 90.646 86.337 88.634 89.645 92.090 91.953 91.135 92.186 95.424 98.260 100.619 99.932 97.560 96.258 93.554 92.969 93.106 93.238 93.718 93.968 95.378 98.932 100.886 101.282 100.125 96.535 94.453 90.955 89.314 88.641 88.399 88.378 88.248 89.751 92.485 94.042 102.383 100.843 99.406 99.958 89.654 83.728 80.523 77.412 76.304 75.523 76.244 75.906 75.338 100.912 99.885 95.506 92.437 91.470 91.420 91.693 92.536 92.927 93.047 94.851 98.779 101.166 98.807 99.451 100.354 101.120 100.480 102.596 104.805 105.884 107.629 108.828 110.021 115.616 118.553 105.951 110.868 104.949 105.420 101.400 100.669 101.400 101.547 101.971 103.039 101.124 102.150 1S 14 15 16 17 18 19 100.000 94.773 92.512 94.312 99.608 102.163 101.458 100.304 96.774 100.000 93.903 90.163 91.756 99.017 103.270 101.852 100.443 95.558 100.000 96.950 98.348 100.656 101.092 99.384 100.469 99.956 99.810 100.000 97.377 100.609 104.312 99.371 102.700 102.286 100.659 98.434 100.000 96.802 100.400 104.877 99.427 102.756 102.352 100.570 97.346 100.000 100.404 101.787 101.678 99.076 102.402 101.924 101.118 104.151 20 21 22 23 24 100.000 100.000 100.000 100.000 100.000 102.750 103.746 103.890 103.490 102.248 106.697 111.958 113.086 109.956 104.047 110.333 121.688 124.931 115.937 104.627 100.517 99.995 100.318 102.139 99.970 99.722 101.841 99.901 100.334 102.669 100.091 98.639 99.696 100.007 100.618 101.742 101.878 102.202 101.300 101.672 103.185 103.549 102.871 104.757 103.000 102.446 103.219 101.857 102.558 92.188 90.691 95.924 95.673 95.032 99.054 102.119 103.539 103.491 103.622 101.404 105.043 110.076 104.556 104.236 105.715 110.202 104.652 105.298 106.229 111.557 104.703 105.869 106.819 111.638 105.885 106.276 107.489 111.779 107.358 106.664 108.378 116.420 107.685 107.115 110.904 124.100 110.806 108.404 99.465 98.609 99.835 99.474 102.452 104.144 101.852 102.382 103.989 109.648 103.029 103.273 110.197 123.834 109.607 107.849 109.242 119.033 108.864 107.508 100.000 100.000 100.000 100.000 89.829 90.802 92.721 93.709 92.818 92.353 92.097 94.290 88.918 88.323 90.863 91.814 89.651 90.076 89.693 91.572 92.111 96.959 97.347 98.426 100.660 98.010 98.068 101.033 94.741 96.674 100.567 101.587 103.610 101.810 104.059 104.277 94.260 95.704 100.561 101.748 103.586 101.829 105.144 104.739 97.293 101.670 100.730 100.906 103.842 101.828 98.938 102.100 103.955 106.019 106.995 104.282 102.916 105.138 108.175 109.132 106.477 103.610 106.168 110.907 111.647 109.592 103.779 106.814 111.986 112.894 110.374 104.207 108.666 116.764 118.672 113.381 104.593 108.563 116.713 116.972 116.252 104.463 110.527 123.025 127.675 114.781 104.248 IV I II 111.008 123.406 127.247 116.596 104.779 98.508 95.685 105.512 107.103 107.795 103.845 111.235 123.608 127.831 116.120 105.019 Table 1.1.4. Price Indexes for Gross Domestic Product [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Gross domestic product ... Personal consumption expenditures........................... Durable goods.......................... Nondurable goods................... Services................................... Gross private domestic investment............................... Fixed investment...................... Nonresidential..................... Structures......................... Equipment and software... Residential............................ Change in private inventories... Net exports of goods and Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Nondefense.......................... State and local.......................... 1 100.000 102.376 103.949 105.658 2 3 4 5 III 2001 IV I II 2002 III IV I II 2003 III III IV 99.780 100.241 100.687 101.478 102.273 102.676 103.078 103.364 103.738 104.123 104.571 105.163 105.440 105.870 106.159 100.000 102.039 103.429 105.298 99.777 100.239 100.687 101.475 102.115 102.231 102.334 102.507 103.245 103.761 104.203 104.927 105.065 105.522 105.680 100.000 98.086 95.208 91.690 100.337 99.715 99.477 99.163 98.379 97.678 97.124 96.268 95.574 94.855 94.136 93.074 92.147 91.207 90.330 100.000 101.530 102.075 104.175 99.717 100.562 100.905 101.220 102.152 101.933 100.815 100.780 102.194 102.538 102.789 104.079 103.529 104.488 104.603 100.000 103.168 105.946 108.960 99.685 100.194 100.845 102.114 102.925 103.388 104.243 104.754 105.485 106.371 107.174 108.028 108.758 109.306 109.746 101.433 101.486 99.933 106.686 97.591 105.652 101.441 101.484 99.626 106.997 97.079 106.407 100.000 99.628 99.273 100.000 99.316 98.668 100.000 100.400 100.740 100.000 97.537 96.519 100.000 97.035 95.345 100.000 100.177 102.665 101.355 99.989 100.223 '100.327 100.344 100.043 99.513 100.687 100.032 100.118 100.208 100.173 99.781 99.133 102.968 99.876 100.486 100.628 100.775 100.697 100.450 100.043 99.487 100.506 100.686 99.967 98.439 97.106 98.126 99.474 100.570 100.773 99.826 98.149 96.484 110.265 99.554 100.164 100.227 100.747 99.995 100.352 98.610 98.176 99.678 94.637 93.681 99.615 100.000 100.000 100.000 100.000 100.000 108.228 107.508 107.424 107.660 108.598 6 7 8 9 10 11 12 100.000 100.000 100.000 100.000 100.000 100.000 1S 14 15 16 17 18 19 20 21 22 23 24 101.070 101.087 99.770 105.518 97.786 104.628 102.587 102.065 102.158 101.900 102.853 101.119 101.155 98.859 106.974 96.121 107.105 105.207 104.858 104.666 105.208 105.382 102.041 99.788 100.253 102.273 99.788 100.252 98.676 99.841 100.191 109.128 99.366 100.455 95.294 100.005 100.102 111.171 99.635 100.418 99.395 99.223 99.482 98.765 99.483 100.486 100.449 100.377 100.576 100.504 100.463 100.479 100.195 101.697 99.681 101.263 101.149 100.838 100.614 101.238 101.306 100.542 100.492 99.731 103.322 98.499 102.587 101.822 101.343 101.504 101.053 102.068 100.865 100.885 99.790 105.068 97.973 103.868 102.385 101.756 101.903 101.494 102.707 102.887 102.359 102.516 102.079 103.156 103.253 102.803 102.710 102.974 103.481 101.589 101.796 98.293 108.559 94.961 110.485 102.093 102.319 98.678 109.288 95.251 111.321 102.895 103.168 99.154 110.395 95.561 112.996 98.309 99.007 99.812 99.964 100.842 101.044 97.842 98.356 99.163 99.311 100.159 100.589 99.453 100.582 101.381 101.543 102.491 102.166 94.249 96.631 97.503 97.694 100.435 99.381 93.188 95.596 96.234 96.364 99.086 97.353 99.780 102.032 104.168 104.681 107.525 110.212 ioi.434 100.529 103.587 100.042 97.972 111.108 102.100 101.469 103.628 100.314 98.092 112.213 108.433 107.755 107.654 107.942 108.778 108.563 107.843 107.773 107.968 108.933 101.266 101.274 99.300 106.759 96.746 106.478 104.169 104.292 104.014 104.796 104.091 101.097 101.096 98.925 106.888 96.228 106.762 105.013 104.876 104.618 105.345 105.071 100.852 100.908 98.554 106.975 95.730 106.998 105.590 105.199 105.090 105.397 105.785 101.259 101.341 98.658 107.274 95.781 108.184 106.055 105.066 104.941 105.293 106.580 101.586 101.808 98.579 108.268 95.404 109.881 107.951 107.032 106.968 107.148 108.435 107.966 107.399 107.300 107.581 108.246 February 2004 S urvey of 41 C u rr e n t B u sin ess Table 1.1.5. Gross Domestic Product [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2000 2003 II III 1 9,817.0 10,100.8 10,480.8 10,983.9 9,822.8 9,862.1 Gross domestic product.... Personal consumption expenditures........................... Durable goods......................... Nondurable goods................... Services................................... Gross private domestic investment............................... Fixed investment...................... Nonresidential..................... Structures........................ Equipment and software... Residential............................ Change in private inventories... Net exports of goods and services................................... Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Nondefense.......................... State and local.......................... 2001 IV I II 2003 2002 III IV I III II IV I II m IV 9,953.6 10,024.8 10,088.2 10,096.2 10,193.9 10,329.3 10,428.3 10,542.0 10,623.7 10,735.8 10,846.7 11,107.0 11,246.3 2 6,739.4 7,045.4 7,385.3 7,752.3 6,688.1 6,783.9 6,871.6 6,934.3 7,017.4 7,058.1 7,171.6 7,256.5 7,355.5 7,428.2 7,501.2 7,600.7 7,673.6 7,836.3 7,898.4 3 881.9 941.8 875.3 919.6 914.9 909.3 907.3 898.2 926.2 975.1 967.8 863.3 911.3 854.2 861.3 860.9 862.0 870.6 913.6 4 1,947.2 2,013.6 2,086.0 2,208.3 1,938.3 1,965.8 1,990.5 1,998.6 2,011.5 2,021.8 2,022.6 2,051.8 2,082.5 2,090.5 2,119.2 2,175.7 2,170.8 2,230.0 2,256.9 5 3,928.8 4,149.8 4,388.0 4,602.1 3,895.6 3,956.7 4,020.3 4,073.8 4,130.5 4,165.7 4,229.4 4,289.7 4,363.6 4,424.1 4,474.7 4,526.8 4,576.6 4,631.2 4,673.8 6 1,735.5 1,607.2 1,589.2 1,667.5 1,781.7 1,749.0 1,738.9 1,688.3 1,620.3 1,594.3 1,526.1 1,553.1 1,580.9 1,608.2 1,614.7 1,605.3 1,624.3 1,689.1 1,751.5 7 1,679.0 1,643.4 1,583.9 1,670.8 1,685.4 1,690.6 1,697.5 1,686.2 1,652.7 1,640.3 1,594.2 1,580.8 1,580.4 1,579.7 1,594.6 1,606.2 1,630.1 1,699.5 1,747.5 8 1,232.1 1,174.1 1,080.2 1,108.0 1,236.5 1,247.5 1,250.3 1,230.3 1,186.9 1,162.9 1,116.4 1,092.7 1,080.4 1,073.4 1,074.3 1,071.8 1,086.9 1,124.4 1,148.9 334.1 259.2 259.8 313.2 322.1 310.4 326.4 327.2 300.6 280.0 269.6 259.4 256.3 256.1 260.5 9 266.3 258.9 321.1 326.0 817.9 888.4 10 918.9 852.0 849.1 926.1 926.5 924.2 903.9 859.6 828.8 815.8 812.7 810.8 814.0 827.7 864.6 813.9 815.8 11 446.9 469.2 503.7 443.1 455.9 465.8 477.4 477.8 488.2 500.0 520.3 534.4 543.2 575.1 598.6 562.8 448.8 447.2 506.3 5.4 58.4 -32.4 0.5 20.2 -0.9 -5.8 -10.5 4.0 12 56.5 -36.1 -3.3 96.3 41.4 2.0 -46.0 -68.1 -27.8 28.6 13 -379.5 -366.5 -426.3 -491.5 -366.9 -400.7 -403.9 -381.3 -368.2 -364.9 -351.7 -365.6 -427.3 -435.9 -476.1 -487.6 -505.5 -490.6 -482.5 14 1,096.3 1,035.1 1,006.8 1,048.1 1,091.8 1,122.4 1,115.8 1,103.1 1,061.1 1,005.4 970.8 978.5 1,006.3 1,025.3 1,017.2 1,021.0 1,020.2 1,048.5 1,102.6 714.1 707.7 731.5 724.7 800.4 788.9 704.9 684.5 677.7 698.3 722.1 761.5 15 784.3 697.8 776.9 810.9 747.6 700.9 707.6 286.4 326.4 305.4 311.2 318.8 312.5 314.2 313.5 300.5 341.0 16 311.9 303.6 309.1 323.3 315.0 311.5 315.4 300.8 313.3 17 1,475.8 1,401.7 1,433.1 1,539.6 1,458.7 1,523.1 1,519.7 1,484.4 1,429.3 1,370.4 1,322.5 1,344.1 1,433.6 1,461.3 1,493.3 1,508.5 1,525.7 1,539.0 1,585.0 18 1,243.5 1,168.0 1,190.3 1,279.1 1,229.6 1,284.9 1,282.3 1,247.8 1,187.4 1,139.5 1,097.4 1,108.5 1,194.9 1,217.1 1,240.8 1,254.2 1,272.4 1,275.6 1,314.4 233.6 242.7 260.4 241.9 238.7 244.1 252.5 253.3 263.5 270.7 19 232.3 229.1 238.3 237.3 236.6 230.9 225.1 235.6 254.3 20 1,721.6 1,814.7 1,932.5 2,055.7 1,720.0 1,729.9 1,746.9 1,783.5 1,818.8 1,808.8 1,847.8 1,885.4 1,919.3 1,941.5 1,983.9 2,017.4 2,054.2 2,072.1 2,078.8 673.2 764.7 21 612.9 757.2 581.2 597.5 613.3 630.8 652.9 681.8 710.0 723.0 769.6 771.5 578.8 679.5 586.6 582.0 609.8 393.0 375.2 371.3 384.1 420.3 432.5 439.3 463.3 507.3 507.2 510.1 22 370.3 438.3 497.0 373.8 388.2 392.8 406.9 461.1 240.7 257.4 262.4 261.4 260.2 211.4 209.9 213.4 220.5 223.9 232.6 242.5 248.9 259.7 23 208.5 219.9 241.2 208.2 221.6 24 1,142.8 1,201.8 1,253.1 1,298.5 1,133.4 1,148.6 1,164.9 1,185.9 1,209.0 1,195.4 1,217.1 1,232.5 1,246.1 1,259.7 1,273.9 1,294.5 1,289.6 1,302.5 1,307.4 Table 1.1.6. Real Gross Domestic Product, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 Gross domestic product.... Personal consumption expenditures........................... Durable goods......................... Nondurable goods................... Services................................... Gross private domestic investment............................... Fixed investment...................... Nonresidential...................... Structures........................ Equipment and software... Residential............................ Change in private inventories... Net exports of goods and services................................... Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Nondefense......................... State and local.......................... Residual....................................... 2001 2000 II III IV I II 2002 III IV I II 2003 ill IV I II III IV 1 9,817.0 9,866.6 10,083.0 10,397.2 9,847.9 9,836.6 9,887.7 9,882.2 9,866.3 9,834.6 9,883.6 9,997.9 10,045.1 10.12&4 10,160.8 10,210.4 10,288.3 10,493.1 10,597.1 2 6,739.4 6,904.6 7,140.4 7,362.2 6,703.3 6,768.0 6,825.0 6,833.7 6,872.2 6,904.2 7,008.2 7,079.2 7,124.5 7,159.2 7,198.9 7,244.1 951.4 863.3 899.1 957.2 1,027.6 863.8 865.4 869.1 950.3 963.1 963.8 965.0 3 851.3 889.6 891.1 946.6 4 1,947.2 1,983.3 2,043.6 2,119.8 1,944.0 1,955.0 1,972.7 1,974.5 1,969.1 1,983.4 2,006.2 2,035.9 2,037.8 2,038.8 2,061.8 2,090.5 5 3,928.8 4,022.4 4,141.8 4,223.8 3,908.2 3,949.3 3,986.8 3,989.6 4,013.3 4,029.3 4,057.4 4,095.3 4,137.0 4,159.4 4,175.4 4,190.7 7,304.0 1,005.1 2,096.9 4,208.4 7,426.6 7,474.2 1,069.1 1,071.4 2,134.3 2,157.6 4,237.2 4,259.0 6 1,735.5 1,590.6 1,572.0 1,635.7 1,788.6 1,742.6 1,732.7 1,682.2 1,608.5 1,573.1 1,498.4 1,538.2 1,555.8 1,598.2 1,595.8 1,581.6 1,599.9 1,656.1 1,705.3 7 1,679.0 1,625.7 1,565.8 1,633.5 1,689.1 1,686.4 1,689.4 1,677.8 1,638.0 1,616.1 1,570.7 1,560.9 1,563.2 1,565.4 1,573.5 1,577.7 1,601.4 1,661.0 1,693.9 8 1,232.1 1,176.8 1,092.6 1,122.8 1,238.6 1,245.2 1,247.9 1,233.6 1,189.4 1,163.7 1,120.6 1,100.4 1,092.1 1,089.1 1,088.9 1,087.3 1,105.8 1,139.5 1,158.7 235.9 319.7 9 313.2 249.0 237.2 315.8 313.1 280.8 262.2 252.2 242.4 239.0 236.5 238.8 237.7 305.2 312.5 320.6 311.3 853.9 907.7 929.6 918.9 846.7 925.5 917.8 849.4 840.0 842.6 850.3 855.0 871.6 10 871.3 891.0 926.0 927.3 877.6 840.5 468.4 491.7 516.7 529.8 446.9 441.2 444.4 458.5 473.2 481.0 486.4 11 448.5 470.3 506.1 450.4 441.6 448.5 451.9 449.0 6.1 56.2 -23.5 -8.0 32.8 21.5 1.6 -4.5 -9.1 12 56.5 -36.0 5.7 -1.5 99.3 43.5 4.3 -28.8 -44.0 -75.5 13 -379.5 -398.1 -470.6 -505.5 -374.5 -395.6 -397.2 -385.9 -391.7 -401.3 -413.4 -431.2 -467.6 -471.9 -511.5 -490.0 -526.0 -505.2 -500.7 14 1,096.3 1,039.0 1,014.2 1,033.9 1,092.0 1,120.0 1,112.3 1,099.6 1,060.9 1,010.6 995.4 1,016.5 1,027.3 1,017.5 1,012.4 1,009.6 1,033.7 1,079.9 984.8 712.7 703.2 703.5 718.2 750.5 784.3 707.2 719.7 810.0 787.8 711.3 697.4 692.8 720.1 706.5 15 736.5 776.6 798.9 749.5 303.7 314.0 305.7 305.9 315.2 329.1 16 311.9 302.4 306.8 310.0 313.4 311.8 299.2 287.3 302.5 307.0 314.0 315.3 311.3 17 1,475.8 1,437.1 1,484.7 1,539.4 1,466.5 1,515.6 1,509.5 1,485.5 1,452.7 1,411.9 1,398.2 1,426.7 1,484.1 1,499.2 1,529.0 1,502.5 1,535.7 1,538.9 1,580.6 18 1,243.5 1,203.7 1,248.4 1,304.1 1,236.3 1,277.7 1,272.7 1,250.6 1,210.5 1,181.7 1,172.1 1,190.1 1,250.4 1,265.2 1,288.1 1,266.2 1,307.4 1,302.4 1,340.4 241.2 237.2 241.2 232.3 233.2 236.4 230.1 234.9 241.9 230.1 236.2 234.0 234.4 236.5 229.8 19 236.2 237.9 236.8 226.0 20 1,721.6 1,768.9 1,836.9 1,899.5 1,730.5 1,721.5 1,727.1 1,751.6 1,776.4 1,758.1 1,789.7 1,810.1 1,827.8 1,838.9 1,870.8 1,869.0 1,902.8 1,911.1 1,915.0 715.4 589.7 599.3 599.3 626.1 641.9 648.2 675.8 675.5 712.0 714.3 21 578.8 600.5 648.0 591.2 578.6 577.2 704.3 613.6 473.4 377.1 413.4 433.2 472.8 471.2 22 370.3 384.7 418.8 369.9 371.5 378.5 383.2 396.2 404.1 418.1 439.5 462.6 380.9 242.1 229.2 208.7 236.4 242.4 239.3 243.1 23 208.5 215.8 241.7 214.0 205.6 211.2 218.4 216.0 217.4 222.0 228.5 230.1 24 1,142.8 1,168.5 1,189.1 1,195.7 1,139.3 1,142.9 1,149.9 1,161.9 1,177.1 1,158.9 1,176.1 1,184.1 1,186.0 1,190.9 1,195.3 1,193.8 1,191.4 1,197.4 1,200.2 -6.0 0.2 2.4 0.0 1.0 1.8 5.3 5.8 4.6 -6.0 25 1.8 -0.2 0.3 0.0 0.9 3.6 2.3 0.0 3.8 N ote . Chained (2 000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Comprehensive Revision of the NIPAs 42 February 2004 Table 1.1.7. Percent Change From Preceding Period in Prices for Gross Domestic Product [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 II Gross domestic product.... Personal consumption expenditures........................... Durable goods.......................... Nondurable goods................... Services................................... Gross private domestic investment............................... Fixed investment...................... Nonresidential..................... Structures......................... Equipment and software... Residential............................ Change in private inventories... Net exports of goods and Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Nondefense......................... State and local.......................... Addendum: Gross national product............ 2001 2000 III IV I II 2002 IV III 1 II 2003 III IV I III II IV 1 2.2 2.4 1.5 1.6 2.0 1.9 1.8 3.2 3.2 1.6 1.6 1.1 1.5 1.5 1.7 2.3 1.1 1.6 1.1 2 3 4 5 2.5 -1.6 4.0 2.7 2.0 -1.9 1.5 3.2 1.4 -2.9 0.5 2.7 1.8 -3.7 2.1 2.8 2.0 -0.5 3.7 1.7 1.9 -2.5 3.4 2.1 1.8 -1.0 1.4 2.6 3.2 -1.3 1.3 5.1 2.5 -3.1 3.7 3.2 0.5 -2.8 -0.9 1.8 0.4 -2.2 -4.3 3.3 0.7 -3.5 -0.1 2.0 2.9 -2.9 5.7 2.8 2.0 -3.0 1.4 3.4 1.7 -3.0 1.0 3.1 2.8 -4.4 5.1 3.2 0.5 -3.9 -2.1 2.7 1.8 -4.0 3.8 2.0 0.6 -3.8 0.4 1.6 6 7 8 9 10 11 12 1.0 1.1 -0.1 3.9 -1.3 4.4 1.1 1.1 -0.2 5.5 -2.2 4.6 0.0 0.1 -0.9 1.4 -1.7 2.4 0.9 1.1 -0.2 2.0 -0.9 3.8 1.2 1.2 0.3 3.6 -0.8 3.9 1.9 1.9 1.4 4.5 0.4 3.2 0.8 0.9 0.0 5.0 -1.7 3.4 0.3 0.1 -1.8 6.5 -4.7 5.3 1.3 1.6 0.2 6.9 -2.1 5.1 2.3 2.4 0.6 6.3 -1.6 7.0 0.0 0.0 -1.2 1.2 -2.1 2.9 -0.7 -0.8 -1.3 -0.9 -1.4 0.3 -0.7 -0.7 -1.5 0.5 -2.1 1.1 -1.0 -0.7 -1.5 0.3 -2.1 0.9 1.6 1.7 0.4 1.1 0.2 4.5 1.3 1.9 -0.3 3.8 -1.6 6.4 0.0 0.0 -1.2 1.1 -1.8 2.2 2.0 2.1 1.6 2.7 1.2 3.1 3.2 3.4 1.9 4.1 1.3 6.2 13 14 15 16 17 18 19 1.7 1.1 3.1 4.2 4.8 1.4 -0.4 -0.7 0.4 -2.5 -3.0 0.2 -0.4 -0.7 0.3 -1.0 -1.7 2.5 2.1 2.0 2.2 3.7 2.9 7.4 2.1 1.6 3.5 0.7 1.2 -2.0 0.9 0.3 2.5 4.2 4.5 2.5 0.4 0.4 0.6 0.7 0.8 0.3 0.1 -0.1 0.6 -2.8 -3.7 2.1 -1.2 -1.6 -0.3 -6.0 -6.6 -3.0 -2.1 -2.6 -1.0 -5.3 -6.6 1.4 -3.6 -3.8 -3.0 -9.8 -11.1 -2.9 -1.2 -1.4 -0.9 -1.6 -2.1 0.7 2.9 2.1 4.6 10.5 10.7 9.3 3.3 3.3 3.2 3.7 2.7 8.6 0.6 0.6 0.6 0.8 0.5 2.0 3.6 3.5 3.8 11.7 11.8 11.3 0.8 1.7 -1.3 -4.1 -6.8 10.4 1.6 -0.2 5.7 2.7 2.6 3.3 2.7 3.8 0.2 1.1 0.5 4.0 20 21 22 23 24 4.1 3.2 3.2 3.2 4.5 2.6 2.1 2.2 1.9 2.9 2.6 2.7 2.5 3.2 2.5 2.9 2.5 2.6 2.3 3.1 1.7 -1.1 -0.2 -2.6 3.2 4.5 5.0 3.6 7.5 4.2 2.7 1.6 0.9 2.7 3.2 2.7 2.0 3.6 -0.7 3.0 2.2 1.6 1.6 1.8 2.5 2.0 2.4 2.4 2.3 1.8 1.4 1.7 0.8 3.6 1.3 3.6 5.9 5.2 7.3 2.4 3.3 2.3 2.3 2.1 3.8 2.2 1.2 1.8 0.2 2.7 1.8 -0.5 -0.6 -0.4 3.0 7.3 7.7 8.0 7.2 7.1 0.1 1.4 1.2 1.6 -0.7 1.7 1.3 1.3 1.3 2.0 0.5 0.3 0.4 0.1 0.6 25 2.2 2.4 1.5 2.0 1.9 1.8 3.2 3.1 1.6 1.6 1.1 1.5 1.5 1.7 2.3 1.1 1.7 Table 1.1.8. Contributions to Percent Change in the Gross Domestic Product Price Index Seasonally adjusted at annual rates Line 2000 2001 2002 2003 Percent change at annual rate: Gross domestic product.... Percentage points at annual rates: Personal consumption expenditures........................... Durable goods......................... Nondurable goods.................... Services................................... Gross private domestic investment............................... Fixed investment....................... Nonresidential..................... Structures......................... Equipment and software... Residential............................ Change in private inventories... Net exports of goods and services................................... Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross Investment............................... Federal..................................... National defense.................. Nondefense......................... State and local.......................... 2001 2000 II IV III I II 2002 III IV I 2003 III II IV I II III IV 1 2.2 2.4 1.5 1.6 2.0 1.9 1.8 3.2 3.2 1.6 1.6 1.1 1.5 1.5 1.7 2.3 1.1 1.6 1.1 2 3 4 5 1.69 -0.14 0.78 1.06 1.41 -0.17 0.31 1.28 0.96 -0.26 0.11 1.11 1.31 -0.23 0.26 1.28 1.33 -0.05 0.73 0.65 1.29 -0.21 0.68 0.82 1.27 -0.08 0.28 1.07 2.28 -0.10 0.26 2.12 1.81 -0.27 0.75 1.33 0.35 -0.24 -0.17 0.76 0.30 -0.20 -0.88 1.38 0.46 -0.32 -0.03 0.80 2.02 -0.25 1.11 1.16 1.41 -0.26 0.27 1.41 1.21 -0.26 0.20 1.27 1.95 -0.39 1.00 1.33 0.35 -0.34 -0.43 1.12 1.24 -0.36 0.74 0.85 0.42 -0.34 0.09 0.67 6 7 8 9 10 11 12 0.18 0.19 -0.01 0.12 -0.13 0.20 -0.01 0.18 0.18 -0.03 0.17 -0.20 0.21 0.00 0.01 0.01 -0.10 0.04 -0.14 0.11 0.00 0.16 0.17 -0.03 0.05 -0.08 0.20 -0.01 0.20 0.21 0.03 0.11 -0.08 0.18 -0.01 0.31 0.32 0.17 0.14 0.03 0.14 -0.01 0.11 0.15 0.00 0.16 -0.16 0.15 -0.04 -0.02 -0.01 -0.24 0.21 -0.45 0.23 -0.01 0.18 0.26 0.03 0.22 -0.19 0.23 -0.08 0.33 0.39 0.07 0.20 -0.13 0.32 -0.06 -0.01 0.01 -0.13 0.04 -0.16 0.13 -0.02 -0.10 -0.11 -0.12 -0.03 -0.09 0.01 0.01 -0.10 -0.10 -0.15 0.01 -0.16 0.05 -0.01 -0.15 -0.11 -0.15 0.01 -0.16 0.04 -0.04 0.25 0.26 0.05 0.03 0.02 0.22 -0.01 0.25 0.27 -0.03 0.09 -0.12 0.31 -0.03 0.08 -0.01 -0.12 0.03 -0.14 0.11 0.09 0.30 0.31 0.16 0.06 0.09 0.15 -0.01 0.49 0.51 0.20 0.09 0.10 0.32 -0.03 13 14 15 16 17 18 19 -0.41 0.19 0.09 0.10 -0.59 -0.56 -0.03 0.32 -0.04 -0.05 0.01 0.36 0.37 0.00 0.11 -0.04 -0.05 0.01 0.15 0.20 -0.06 -0.38 0.22 0.15 0.07 -0.60 -0.41 -0.20 0.14 0.23 0.12 0.11 -0.09 -0.14 0.05 -0.50 0.10 0.02 0.08 -0.60 -0.55 -0.06 -0.06 0.04 0.02 0.02 -0.10 -0.09 -0.01 0.45 -0.01 -0.03 0.02 0.46 0.51 -0.05 0.79 -0.13 -0.12 -0.01 0.92 0.85 0.07 0.56 -0.22 -0.19 -0.03 0.77 0.81 -0.03 1.03 -0.35 -0.26 -0.09 1.38 1.32 0.07 0.11 -0.10 -0.08 -0.02 0.21 0.23 -0.02 -1.06 0.28 0.14 0.13 -1.33 -1.13 -0.21 -0.18 0.32 0.22 0.09 -0.50 -0.30 -0.19 -0.05 0.06 0.04 0.02 -0.11 -0.06 -0.05 -1.24 0.33 0.22 0.11 -1.57 -1.31 -0.26 0.62 0.07 0.11 -0.04 0.55 0.80 -0.24 -0.22 0.15 -0.02 0.16 -0.37 -0.29 -0.08 0.10 0.25 0.25 0.00 -0.15 -0.06 -0.09 20 21 22 23 24 0.71 0.19 0.12 0.07 0.52 0.46 0.12 0.08 0.04 0.34 0.46 0.17 0.10 0.07 0.29 0.55 0.16 0.11 0.05 0.39 0.30 -0.06 -0.01 -0.06 0.37 0.77 0.29 0.14 0.16 0.48 0.46 0.09 0.04 0.05 0.37 0.47 0.12 0.14 -0.02 0.35 0.40 0.10 0.06 0.04 0.30 0.35 0.14 0.09 0.05 0.21 0.26 0.11 0.03 0.08 0.15 0.64 0.36 0.20 0.16 0.28 0.59 0.14 0.09 0.05 0.45 0.41 0.08 0.07 0.01 0.33 0.33 -0.03 -0.02 -0.01 0.36 1.32 0.49 0.33 0.17 0.83 0.01 0.09 0.06 0.04 -0.08 0.33 0.09 0.06 0.03 0.23 0.09 0.02 0.02 0.00 0.07 February 2004 S urvey of 43 C u rren t B u sin ess Table 1.1.9. Implicit Price Deflators for Gross Domestic Product [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Gross domestic product.... Personal consumption expenditures........................... Durable goods.......................... Nondurable goods................... Services................................... Gross private domestic investment............................... Fixed investment...................... Nonresidential...................... Structures......................... Equipment and software... Residential............................ Change in private inventories... Net exports of goods and services................................... Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Nondefense......................... State and local.......................... Addendum: Gross national product............ 1 100.000 102.373 103.945 105.643 2 3 4 5 III 2002 2001 IV I II III IV I II 2003 III IV I II III IV 99.745 100.259 100.666 101.443 102.248 102.660 103.139 103.315 103.814 104.084 104.556 105.146 105.427 105.851 106.126 100.000 102.038 103.429 105.298 99.772 100.236 100.684 101.472 102.113 102.229 102.332 102.503 103.241 103.757 104.199 104.923 105.060 105.517 105.676 100.000 98.086 95.209 91.647 100.334 99.715 99.482 99.181 98.401 97.702 97.146 96.278 95.580 94.858 94.137 93.075 92.148 91.208 90.331 100.000 101.530 102.075 104.176 99.707 100.555 100.901 101.221 102.155 101.937 100.818 100.779 102.191 102.534 102.785 104.075 103.525 104.485 104.599 100.000 103.168 105.946 108.957 99.678 100.188 100.840 102.109 102.921 103.383 104.239 104.748 105.479 106.364 107.167 108.021 108.751 109.299 109.739 6 7 8 9 10 11 12 100.000 100.000 100.000 100.000 100.000 100.000 11 14 15 16 17 18 19 20 21 22 23 24 101.049 101.087 99.770 105.518 97.785 104.629 101.097 101.155 98.859 106.974 96.121 107.106 101.947 99.614 100.367 102.286 99.783 100.249 98.682 99.838 100.188 109.121 99.330 100.425 95.304 100.010 100.101 111.200 99.648 100.431 101.347 101.496 99.930 106.738 97.573 105.642 101.852 101.491 99.623 107.047 97.064 106.395 100.000 99.628 99.274 100.000 99.316 98.668 100.001 100.400 100.740 100.000 97.537 96.520 100.000 97.035 95.345 100.000 100.178 102.666 101.366 99.985 100.216 100.316 100.320 100.014 99.464 100.699 100.030 100.111 100.195 100.143 99.745 99.096 102.976 99.877 100.485 100.623 100.764 100.683 100.435 100.011 99.472 100.496 100.673 99.929 98.394 97.057 98.086 99.457 100.557 100.757 99.779 98.094 96.426 110.265 99.549 100.165 100.231 100.746 99.993 100.347 98.584 98.144 99.663 94.590 93.626 99.611 100.000 100.000 100.000 100.000 100.000 108.221 107.507 107.425 107.656 108.595 102.587 102.066 102.158 101.900 102.853 105.206 104.858 104.666 105.208 105.381 99.393 99.226 99.482 98.776 99.478 100.485 100.453 100.378 100.588 100.502 100.360 100.480 100.193 101.681 99.673 101.274 101.149 100.841 100.614 101.248 101.305 100.358 100.501 99.732 103.349 98.482 102.586 101.821 101.339 101.501 101.051 102.067 100.729 100.896 99.790 105.111 97.955 103.862 102.383 101.750 101.897 101.489 102.706 102.883 102.350 102.508 102.073 103.154 103.248 102.794 102.700 102.967 103.479 101.530 101.795 98.293 108.553 94.968 110.475 101.995 102.318 98.678 109.283 95.258 111.311 102.709 103.166 99.154 110.390 95.568 112.985 98.295 98.999 99.808 99.962 100.841 101.042 97.829 98.349 99.162 99.313 100.161 100.590 99.442 100.572 101.372 101.535 102.484 102.157 94.213 96.597 97.471 97.662 100.403 99.349 93.146 95.558 96.200 96.332 99.053 97.321 99.773 102.024 104.157 104.671 107.514 110.201 101.432 100.531 103.579 100.011 97.939 111.098 102.098 101.471 103.619 100.282 98.059 112.203 108.423 107.748 107.644 107.938 108.774 108.554 107.836 107.764 107.964 108.930 100.966 101.276 99.297 106.778 96.743 106.468 104.162 104.284 104.004 104.792 104.088 101.613 101.096 98.923 106.897 96.229 106.752 105.005 104.870 104.609 105.342 105.068 100.628 100.907 98.554 106.974 95.735 106.987 105.581 105.192 105.081 105.393 105.781 101.186 101.340 98.658 107.269 95.788 108.173 106.046 105.059 104.933 105.289 106.576 101.495 101.806 98.579 108.264 95.411 109.871 107.941 107.025 106.960 107.143 108.431 107.957 107.392 107.291 107.577 108.242 99.741 100.262 100.672 101.447 102.243 102.653 103.129 103.304 103.804 104.069 104.541 105.138 105.425 105.853 25 100.000 102.368 103.932 Table 1.1.10. Percentage Shares of Gross Domestic Product [Percent] Line 2000 2001 2002 2000 2003 Gross domestic product.... Personal consumption expenditures........................... Durable goods......................... Nondurable goods.................... Services................................... Gross private domestic investment............................... Fixed investment...................... Nonresidential...................... Structures......................... Equipment and software... Residential............................ Change in private inventories... Net exports of goods and services................................... Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross Investment............................... Federal..................................... National defense.................. Nondefense......................... State and local......................... 2001 III IV 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 2 3 4 5 68.7 8.8 19.8 40.0 69.8 8.7 19.9 41.1 70.5 8.7 19.9 41.9 70.6 8.6 20.1 41.9 68.1 8.7 19.7 39.7 68.8 8.7 19.9 40.1 69.0 8.6 20.0 40.4 69.2 8.6 19.9 40.6 69.6 8.7 19.9 40.9 69.9 8.6 20.0 41.3 70.4 9.0 19.8 41.5 70.3 8.9 19.9 41.5 70.5 8.7 20.0 41.8 70.5 8.7 19.8 42.0 70.6 8.5 19.9 42.1 70.8 8.4 20.3 42.2 70.7 8.5 20.0 42.2 70.6 8.8 20.1 41.7 70.2 8.6 20.1 41.6 6 7 8 9 10 11 12 17.7 17.1 12.6 3.2 9.4 4.6 0.6 15.9 16.3 11.6 3.2 8.4 4.6 -0.4 15.2 15.1 10.3 2.5 7.8 4.8 0.1 15.2 15.2 10.1 2.4 7.7 5.1 0.0 18.1 17.2 12.6 3.2 9.4 4.6 1.0 17.7 17.1 12.6 3.3 9.4 4.5 0.6 17.5 17.1 12.6 3.3 9.3 4.5 0.4 16.8 16.8 12.3 3.3 9.0 4.5 0.0 16.1 16.4 11.8 3.2 8.5 4.6 -0.3 15.8 16.2 11.5 3.3 8.2 4.7 -0.5 15.0 15.6 11.0 2.9 8.0 4.7 -0.7 15.0 15.3 10.6 2.7 7.9 4.7 -0.3 15.2 15.2 10.4 2.6 7.8 4.8 0.0 15.3 15.0 10.2 2.5 7.7 4.8 0.3 15.2 15.0 10.1 2.4 7.7 4.9 0.2 15.0 15.0 10.0 2.4 7.6 5.0 0.0 15.0 15.0 10.0 2.4 7.6 5.0 -0.1 15.2 15.3 10.1 2.3 7.8 5.2 -0.1 15.6 15.5 10.2 2.3 7.9 5.3 0.0 13 14 15 16 17 18 19 -3.9 11.2 8.0 3.2 15.0 12.7 2.4 -3.6 10.2 7.2 3.0 13.9 11.6 2.3 -4.1 9.6 6.7 2.9 13.7 11.4 2.3 -4.5 9.5 6.6 2.9 14.0 11.6 2.4 -3.7 11.1 7.9 3.2 14.9 12.5 2.3 -4.1 11.4 8.2 3.2 15.4 13.0 2.4 -4.1 11.2 8.0 3.2 15.3 12.9 2.4 -3.8 11.0 7.9 3.1 14.8 12.4 2.4 -3.7 10.5 7.4 3.1 14.2 11.8 2.4 -3.6 10.0 7.0 3.0 13.6 11.3 2.3 -3.4 9.5 6.7 2.8 13.0 10.8 2.2 -3.5 9.5 6.6 2.9 13.0 10.7 2.3 -4.1 9.6 6.7 2.9 13.7 11.5 2.3 -4.1 9.7 6.8 3.0 13.9 11.5 2.3 -4.5 9.6 6.6 3.0 14.1 11.7 2.4 -4.5 9.5 6.6 2.9 14.1 11.7 2.4 -4.7 9.4 6.5 2.9 14.1 11.7 2.3 -4.4 9.4 6.5 2.9 13.9 11.5 2.4 -4.3 9.8 6.8 3.0 14.1 11.7 2.4 20 21 22 23 24 17.5 5.9 3.8 2.1 11.6 18.0 6.1 3.9 2.2 11.9 18.4 6.5 4.2 2.3 12.0 18.7 6.9 4.5 2.4 11.8 17.5 6.0 3.8 2.2 11.5 17.5 5.9 3.8 2.1 11.6 17.6 5.8 3.8 2.1 11.7 17.8 6.0 3.8 2.1 11.8 18.0 6.0 3.8 2.2 12.0 17.9 6.1 3.9 2.2 11.8 18.1 6.2 4.0 2.2 11.9 18.3 6.3 4.1 2.3 11.9 18.4 6.5 4.1 2.3 11.9 18.4 6.5 4.2 2.3 11.9 18.7 6.7 4.3 2.3 12.0 18.8 6.7 4.3 2.4 12.1 18.9 7.0 4.7 2.4 11.9 18.7 6.9 4.6 2.4 11.7 18.5 6.9 4.5 2.3 11.6 IV II III IV I II 2003 100.0 III I 2002 1 II III IV I II Comprehensive Revision of the NIPAs 44 February 2004 Table 1.2.1. Percent Change From Preceding Period in Real Gross Domestic Product by Major Type of Product [Percent] Seasonally adjusted at annual rates Line Gross domestic product.... Final sales of domestic product......................... Change in private inventories.................... Goods.......................................... Final sales............................ Change in private inventories Durable goods.......................... Final sales............................ Change in private inventories'...................... Nondurable goods................... Final sales............................ Change in private inventories1..................... Services2..................................... Structures................................... Addenda: Motor vehicle output........... Gross domestic product excluding motor vehicle output.............................. Final sales of computers3 ... Gross domestic product excluding final sales of computers........................ Gross domestic purchases excluding final sales of computers to domestic purchasers...................... 2000 2001 2002 2003 2001 2000 -0.5 - 2.0 10.5 0.6 1.6 -5.0 - 13.8 1.4 2.0 - 1.1 -3.3 1.7 -3.4 1.0 - -0.7 -0.9 8.0 0.6 3.1 -3.0 1.8 -4.8 11.4 2.5 -14.7 -18.1 31.2 13.6 11.1 40.6 49.6 3.4 0.4 2.1 2.8 6.0 4.1 0.6 2.6 3.0 6.7 0.6 -1.3 4.0 0.7 -0.7 3.4 - 6.0 - 2.1 -4.1 -2.5 -10.3 -2.4 -11.5 -9.7 0.2 1.4 2.3 -0.4 - 19 0.2 - 1.3 -5.9 4.1 - 1.1 - 1.8 - 1.1 - 2.8 -2.9 - 1.6 - 6.5 -4.4 2.5 -2.4 12.0 5.4 -4.1 -3.3 1.5 -0.7 - 2003 2002 1.4 -6.4 2.9 -9.6 - 11.3 4.2 3.9 1.0 - -3.2 -6.3 -1.3 4.3 -2.4 2.5 18.3 18.7 6.7 4.8 8.3 11.7 26.3 30.7 1.8 2.6 11.9 9.4 5.0 7.4 2.1 13.9 2.3 5.3 - -3.8 1.0 1.1 2.4 -1.4 -0.3 5.5 10.8 -6.4 2.1 26.6 1.6 12.6 -14.6 19.1 1.5 30.2 9.2 18.6 52.2 -17.1 -17.9 27.2 50.9 34.8 34.6 32.8 93.4 27.5 0.6 1.9 -0.7 -0.4 - 1.1 1.8 3.0 1.0 1.7 2.8 7.6 3.8 0.2 2.0 -0.9 -0.3 -0.7 2.1 3.0 2.5 0.9 3.9 6.5 3.4 - 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these sen/ices are valued at their cost of production. 3. For some components of final sales of computers, includes computer parts. Table 1.2.2. Contributions to Percent Change in Real Gross Domestic Product by Major Type of Product Seasonally adjusted at annual rates Line Percent change at annual rate: Gross domestic product.... Percentage points at annual rates: Final sales of domestic product........................ Change in private inventories................... Goods.......................................... Final sales............................ Change in private inventories Durable goods......................... Final sales............................ Change in private inventories1...................... Nondurable goods................... Final sales............................ Change in private inventories1...................... Services2..................................... Structures................................... Addenda: Motor vehicle output................ Gross domestic product excluding motor vehicle output................................... Final sales of computers3 ....... Gross domestic product excluding final sales of computers............................. 2000 2001 3.7 - 3.1 6.4 -0.5 2.1 - 0.2 - 2003 2002 2001 0.6 -1.3 2.0 4.7 1.9 3.4 1.3 2.0 3.1 8.2 4.0 3.76 1.43 1.78 3.15 3.37 1.28 2.57 1.28 0.68 -0.76 3.14 2.71 1.30 1.78 1.69 2.71 3.25 8.34 3.42 -0.93 -0.71 0.41 0.71 0.30 0.41 0.31 -0.18 -0.04 1.39 1.43 -0.04 0.85 0.89 3.05 3.64 0.59 3.05 2.33 0.26 -1.74 -1.19 0.55 -1.74 -1.44 -0.49 0.10 0.58 -0.49 -1.51 -1.17 0.34 -1.51 -1.15 1.38 2.53 -1.15 0.79 1.37 0.99 -0.70 0.61 -0.37 -0.98 0.61 0.38 -0.37 1.58 2.12 0.54 1.58 1.74 0.80 -0.40 -0.92 -0.52 -0.40 -0.50 -0.97 -0.74 1.37 -0.15 -0.51 -1.40 -0.89 -0.51 -1.89 -1.62 2.01 0.10 -1.32 -2.08 -0.75 -1.32 -1.75 -0.41 -0.74 -0.18 0.62 -0.17 0.75 0.92 -0.17 1.17 1.62 -0.13 5.67 5.80 -0.13 3.62 4.15 0.61 2.18 1.57 0.61 1.29 0.28 0.49 0.40 0.48 -0.04 0.54 0.54 2.07 1.31 0.33 -1.54 0.25 0.45 0.03 0.22 0.74 -0.15 -0.32 -1.34 -0.32 -0.35 -0.26 0.49 0.74 -0.58 0.59 1.16 1.69 1.56 1.24 0.76 -0.75 -0.61 0.94 0.38 -0.27 0.47 -0.42 0.45 -0.80 1.55 1.49 -0.44 -0.43 -0.70 -0.53 2.05 1.65 0.89 1.29 -0.08 1.77 -0.29 0.00 1.48 0.25 0.99 2.63 0.15 - 0.20 0.17 0.85 0.09 1.05 0.38 -0.25 0.77 -0.65 -0.57 1.61 -0.15 2.38 - 0.10 0.64 1.37 -0.13 0.06 0.62 1.00 0.32 2.25 -0.08 -0.87 0.80 -0.07 -0.52 1.95 0.03 0.02 1.26 -0.04 0.02 0.27 2.08 0.26 0.40 1.27 1.27 -0.40 1.35 0.50 0.31 0.14 0.10 0.31 0.47 0,10 0.19 0.45 - 0.20 -0.19 0.22 0.06 0.06 0.35 0.26 0.26 0.25 0.65 0.25 3.35 0.37 2.09 2.81 5.95 -0.56 1.90 0.68 -0.44 -1.09 1.77 4.66 1.85 3.01 1.03 1.71 2.83 7.56 3.78 0.10 1.03 1.07 18 2.2 2000 2003 0.10 1.46 1.56 - 0.5 2002 0.21 -0.93 -0.84 -0.03 -0.04 0.43 0.50 -0.81 -0.06 1.90 0.30 - 0.12 0.24 0.12 - 0.12 - 1.01 0.67 - - 1.68 - 2.54 0.54 2.01 2.11 2.02 0.19 - 1.01 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. For some components of final sales of computers, includes computer parts. February 2004 S urvey of 45 C u rren t B u sin ess Table 1.2.3. Real Gross Domestic Product by Major Type of Product, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Gross domestic product.... Final sales of domestic product......................... Change in private inventories................... Goods.......................................... Final sales............................ Change in private inventories Durable goods.......................... Final sales............................ Change in private inventories1..................... Nondurable goods................... Final sales............................ Change in private inventories1...................... Services2..................................... Structures................................... Addenda: Motor vehicle output................ Gross domestic product excluding motor vehicle output................................... Final sales of computers3 ....... Gross domestic product excluding final sales of computers............................. Gross domestic purchases excluding final sales of computers to domestic purchasers............................ III 2001 IV I II 2002 III IV I 2003 II III IV I II III IV 1 100.000 100.506 102.710 105.911 100.315 100.200 100.721 100.664 100.503 100.180 100.679 101.843 102.324 103.172 103.502 104.008 104.801 106.887 107.947 2 100.000 101.441 103.242 106.500 a 4 5 6 7 8 99.876 100.204 100.859 101.199 101.381 101.193 101.992 102.660 102.990 103.442 103.877 104.569 105.420 107.553 108.457 100.000 97.953 100.034 104.319 101.032 100.183 100.237 99.362 97.840 100.000 100.622 101.511 105.992 99.785 100.195 100.626 100.885 100.339 96.810 97.797 99.636 99.350 100.929 100.222 101.286 101.844 106.204 107.940 99.694 101.571 101.965 101.222 101.632 101.226 102.859 103.590 108.127 109.394 100.000 100.000 92.650 93.844 97.878 100.010 95.037 99.823 96.965 102.603 101.900 99.808 98.685 104.729 100.063 100.217 99.631 98.140 95.512 99.992 101.012 100.393 95.342 98.893 95.933 98.283 98.697 99.587 97.888 97.976 97.573 99.541 105.529 107.768 99.006 101.775 108.828 109.305 9 10 100.000 100.695 102.917 106.027 100.196 100.544 100.825 100.544 100.050 100.697 101.490 103.627 102.543 103.058 '102.440 104.728 104.050 107.011 108.320 11 100.000 101.364 104.078 107.227 99.521 100.175 101.233 100.784 100.307 101.360 103.005 104.754 103.890 103.508 104.161 106.323 105.287 107.681 109.617 1? 13 100.000 102.266 105.450 108.147 99.885 100.249 101.137 101.542 102.029 102.383 103.109 104.105 105.182 105.798 106.718 106.995 107.947 108.510 109.137 14 100.000 99.622 96.680 99.193 100.160 99.986 100.084 100.333 101.328 99.657 97.172 96.926 96.660 96.322 96.813 96.748 97.421 100.650 101.953 15 100.000 95.245 106.114 108.786 102.251 97.282 94.056 90.420 94.460 94.815 101.284 104.040 105.434 108.171 106.813 105.066 105.603 112.016 112.458 1fi 17 100.000 113.558 126.217 177.435 100.165 102.397 106.864 118.694 113.245 107.807 114.487 115.896 117.775 130.540 140.659 151.506 162.631 191.792 203.811 18 100.000 100.373 102.493 105.393 100.314 100.174 100.653 100.484 100.374 100.095 100.541 101.695 102.162 102.925 103.189 103.631 104.361 106.291 107.289 19 100.000 100.559 103.168 106.261 100.259 100.301 100.793 100.567 100.500 100.326 100.845 102.048 102.815 103.585 104.223 104.444 105.448 107.129 108.023 (NAICS)'mateS *°r C*ura^ 6 ®°°C'S anC* nonc*ura^ e 9°°^s *or 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. For some components of final sales of computers, includes computer parts. Table 1.2.4. Price Indexes for Gross Domestic Product by Major Type of Product [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Gross domestic product.... Final sales of domestic product......................... Change in private inventories.................... Goods.......................................... Final sales............................ Change in private inventories Durable goods.......................... Final sales............................ Change in private inventories' ..................... Nondurable goods.................... Final sales............................ Change in private inventories1..................... Services2..................................... Structures................................... Addenda: Motor vehicle output................ Gross domestic product excluding motor vehicle output................................... Final sales of computers3....... Gross domestic product excluding final sales of computers............................. III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 1 100.000 102.376 103.949 105.658 99.780 100.241 100.687 101.478 102.273 102.676 103.078 103.364 103.738 104.123 104.571 105.163 105.440 105.870 106.159 2 100.000 102.381 103.955 105.695 99.779 100.241 100.691 101.473 102.279 102.687 103.086 103.365 103.737 104.132 104.585 105.198 105.474 105.906 106.202 U 4 100.000 100.655 100.176 5 100.000 100.664 100.196 99.508 100.119 100.097 100.053 100.184 100.869 100.878 100.688 100.471 100.244 100.026 99.610 100.125 100.093 100.056 100.158 100.876 100.907 100.714 100.480 100.248 100.056 99.961 99.999 99.436 99.534 99.451 99.542 99.572 99.671 99.572 99.692 7 100.000 8 100.000 94.174 100.033 94.201 100.030 95.931 95.958 95.170 95.183 94.402 94.418 93.802 93.831 93.321 93.372 fi 98.515 98.523 96.624 96.642 99.960 99.956 99.829 99.839 99.047 99.062 98.660 98.676 98.339 98.346 98.013 98.006 97.579 97.579 96.822 96.842 96.162 96.190 9 10 100.000 102.650 103.449 104.412 100.205 100.229 100.264 '101.254 102.932 103.241 103.172 103.151 103.396 103.582 103.670 103.358 104.083 104.875 105.333 11 100.000 102.685 103.513 104.617 100.217 100.224 100.258 101.190 102.958 103.325 103.267 103.210 103.431 103.656 103.756 103.566 104.274 105.075 105.555 V? 13 100.000 103.047 105.741 108.625 14 100.000 104.712 107.032 110.382 99.601 100.294 100.958 102.058 102.836 103.290 104.004 104.622 105.365 106.133 106.845 107.974 108.356 108.934 109.237 99.558 100.461 101.455 102.832 104.111 105.610 106.293 106.441 106.797 107.070 107.819 109.252 109.864 110.543 111.868 15 100.000 98.899 96.777 95.076 100.292 100.036 99.874 99.500 98.889 98.884 98.321 97.950 97.091 95.865 96.199 95.813 94.680 94.640 95.171 16 17 100.000 78.948 63.635 53.540 101.556 97.437 94.850 85.020 81.278 76.812 72.684 68.472 65.396 61.932 58.739 56.177 54.287 52.165 51.532 18 100.000 102.661 104.462 106.357 99.759 100.272 100.753 101.674 102.528 102.991 103.452 103.800 104.221 104.661 105.164 105.806 106.120 106.597 106.905 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. For some components of final sales of computers, includes computer parts. Comprehensive Revision of the NIPAs 46 February 2004 Table 1.2.5. Gross Domestic Product by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 II Gross domestic product.... Final sales of domestic product......................... Change in private inventories.................... Goods.......................................... Final sales............................ Change in private inventories Durable goods.......................... Final sales............................ Change in private inventories1..................... Nondurable goods.................... Final sales............................ Change in private inventories1..................... Services2..................................... Structures................................... Addenda: Motor vehicle output................ Gross domestic product excluding motor vehicle Final sales of computers3........ Gross domestic product excluding final sales of computers............................. 2001 2000 IV III 1 9,817.0 10,100.8 10,480.8 10,983.9 9,822.8 9,862.1 I II 2002 III IV I 2003 III II IV I II III IV 9,953.6 10,024.8 10,088.2 10,096.2 10,193.9 10,329.3 10,428.3 10,542.0 10,623.7 10,735.8 10,846.7 11,107.0 11,246.3 2 9,760.5 10,136.9 10,475.5 10,987.2 9,726.5 9,803.7 9,912.2 10,022.8 10,120.6 10,142.2 10,262.0 10,357.1 10,427.8 10,513.4 10,603.6 10,736.7 10,852.4 11,117.4 11,242.3 3 4 5 6 7 8 56.5 3,449.3 3,392.8 56.5 1,689.4 1,653.3 9 36.1 10 1,760.0 11 1,739.5 58.4 -32.4 41.4 2.0 3,461.0 3,457.4 3,430.3 3,401.8 3,402.6 3,416.0 3,428.3 3,434.2 58.4 41.4 -32.4 2.0 1,685.4 1,680.3 1,642.1 1,591.9 1,656.2 1,650.5 1,654.3 1,637.8 -46.0 3,367.2 3,413.2 -46.0 1,539.2 1,591.4 -68.1 3,402.7 3,470.8 -68.1 1,553.9 1,620.5 -27.8 3,448.4 3,476.1 -27.8 1,571.8 1,595.4 -45.9 -52.2 -44.2 1.5 67.1 29.3 29.8 -12.3 6.1 1,818.7 1,873.4 1,946.8 1,764.1 1,775.5 1,777.1 1,788.2 1,809.9 1,828.0 1,810.6 1,874.1 1,951.6 1,734.9 1,746.4 1,765.5 1,774.0 1,796.4 1,821.8 -66.6 1,848.8 1,850.3 -23.6 -4.3 19.8 1,876.6 1,874.0 1,875.2 1,880.7 1,869.2 1,866.4 -36.1 3,400.5 3,436.6 -36.1 1,581.8 1,626.0 5.4 3,456.2 3,450.9 5.4 1,582.8 1,576.8 -3.3 3,578.9 3,582.2 -3.3 1,632.1 1,630.6 96.3 3,486.1 3,389.8 96.3 1,722.0 1,654.9 0.5 28.6 20.2 -0.9 -5.8 3,443.3 3,478.7 3,454.5 3,472.6 3,492.8 3,442.8 3,450.1 3,434.4 3,473.5 3,498.5 0.5 28.6 20.2 -0.9 -5.8 1,569.3 1,603.6 1,586.7 1,568.9 1,587.6 1,573.6 1,583.7 1,554.4 1,558.0 1,588.7 -10.5 3,646.0 3,656.5 -10.5 1,672.5 1,688.3 4.0 3,704.1 3,700.1 4.0 1,699.3 1,687.4 -15.8 32.3 10.9 -1.1 11.9 1,867.8 1,903.7 1,905.1 1,973.6 2,004.9 1,968.2 2,012.8 1,880.0 1,915.5 1,909.8 5.4 -7.9 13.4 -1.5 -4.1 4.8 8.8 -12.1 -11.8 -4.7 29.2 29.1 11.6 6.2 12 20.4 8.1 -0.7 -4.8 14.3 13 5,425.6 5,717.6 6,049.8 6373.4 5,397.4 5,454.8 5,539.6 5,622.4 5,692.4 5,737.4 5,818.0 5,909.0 6,012.5 6,091.7 6,185.9 6,267.5 6,345.6 6,412.8 6,467.7 995.7 1,008.3 1,048.1 1,074.4 972.1 973.2 972.0 972.5 971.5 14 942.1 982.7 939.4 956.6 994.0 991.6 983.3 974.8 1,031.6 946.3 15 365.0 343.8 374.8 377.5 374.2 355.2 342.9 328.3 341.0 342.2 363.5 372.0 373.6 378.6 375.1 367.5 365.0 387.0 390.7 1fi 17 109.9 98.6 88.3 i 04.6 112.1 110.0 111.7 110.9 101.1 90.9 91.4 87.5 85.0 89.3 91.4 94.1 97.6 110.6 116.1 18 9,707.0 10,002.2 10,392.5 10,879.3 9,710.7 9,752.1 9,841.9 9,913.9 9,987.1 10,005.3 10,102.5 10,241.8 10,343.2 10,452.7 10,532.3 10,641.7 10,749.0 10,996.3 11,130.1 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. For some components of final sales of computers, includes computer parts. Table 1.2.6. Real Gross Domestic Product by Major Type of Product, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 2002 2001 III Gross domestic product.... Final sales of domestic product......................... Change in private inventories................... Residual........................... Goods.......................................... Final sales............................ Change in private inventories Durable goods.......................... Final sales............................ Change in private inventories1...................... Nondurable goods.................... Final sales............................ Change in private inventories1...................... Services2..................................... Structures................................... Residual....................................... Addenda: Motor vehicle output................ Gross domestic product excluding motor vehicle output................................... Final sales of computers3........ Gross domestic product excluding final sales of computers............................. IV 2003 II IV 9.817.0 9.866.6 10,083.0 10,397.2 9.847.9 9.836.6 9,887.7 9.882.2 9.866.3 9,834.6 9,883.6 9,997.9 10,045.1 10.128.4 10,160.8 10.210.4 10,288.3 10,493.1 10,597.1 9,760.5 9.901.1 10,076.9 10,394.9 9.748.4 9.780.4 9,844.3 9.877.5 9.895.3 9.876.9 9,954.9 10,020.1 10,052.3 10.096.4 10,138.9 10.206.4 10,289.5 10,497.7 10,585.9 5.7 0.4 3.450.5 3.444.1 5.7 1.638.1 1.631.6 99.3 0.2 3.484.9 3,385.6 99.3 1.721.5 1.654.4 56.5 0.0 3.449.3 3,392.8 56.5 1.689.4 1,653.3 -36.0 1.5 3.378.7 3,414.0 -36.0 1,605.5 1.650.4 36.1 1.760.0 1.739.5 6.2 67.2 -44.8 1.5 1.772.2 1.811.3 1,866.0 1.763.4 1.763.3 1,810.5 1,865.2 1.731.2 -1.5 3.8 3,598.3 3.596.2 -1.5 1.733.3 1.731.5 56.2 0.0 3.455.7 3.399.5 56.2 1,686.1 1,656.9 43.5 -0.1 3.457.5 3.414.1 43.5 1.683.1 1.653.2 4.3 0.4 3.427.3 3.422.9 4.3 1.657.9 1,670.0 -28.8 -0.2 3.374.8 3.404.3 -28.8 1.613.6 1.659.8 -44.0 1.7 3,339.3 3,382.5 -44.0 1.565.2 1.618.2 29.8 -12.4 -46.3 -52.8 29.2 1.769.5 1.774.5 1.769.5 1.760.8 1.772.2 1.742.6 1,761.0 1.753.2 1.744.9 1.763.2 -23.5 32.8 -75.5 -8.0 -0.8 4.2 1.3 0.8 3.373.3 3,436.8 3.426.9 3.481.4 3.446.1 3,459.5 3,434.3 3.448.2 -23.5 32.8 -75.5 -8.0 1.585.4 1.610.7 1.620.7 1.667.4 1,635.0 1.646.5 1.653.5 1.624.9 21.5 0.4 3.457.0 3,434.4 21.5 1,653.7 1.619.9 1.6 2.4 3.493.7 3.489.8 1.6 1.648.4 1.636.9 -4.5 3.3 3,512.9 3.514.7 -4.5 1,681.6 1.682.7 -9.1 4.5 3.663.3 3,668.6 -9.1 1,782.8 1.799.3 20.2 11.1 -67.7 -24.0 32.8 -1.0 -16.0 -4.3 1.786.2 1.823.8 1.804.7 1,813.8 1.802.9 1,843.2 1,831.2 1.883.4 1,791.8 1,822.2 1,807.2 1.800.6 1.811.9 1.849.5 1,831.5 1,873.1 -0.4 16.6 8.3 -7.7 0.4 12.5 -8.9 -3.4 6.1 20.4 8.4 32.0 27.0 13.8 16.5 -3.8 -10.6 -2.8 5.425.6 5.548.5 5.721.3 5.867.6 5.419.3 5,439.1 5.487.3 5.509.2 5.535.7 5.554.9 5.594.3 5,648.3 5.706.7 5.740.2 5.790.1 5,805.1 5.856.8 5,887.3 907.4 911.4 945.2 954.6 942.8 938.8 915.4 913.1 910.6 912.0 917.8 948.2 942.1 910.8 934.5 943.6 941.9 938.5 4.7 -4.9 3.0 0.2 0.5 1.0 -0.2 4.0 4.0 2.9 3.8 1.0 5.3 3.9 0.0 -0.3 -0.1 2.3 365.0 347.6 387.3 397.0 373.2 355.0 343.3 330.0 344.7 346.0 369.7 379.7 384.8 394.8 389.8 383.5 385.4 408.8 109.9 124.8 138.8 195.1 110.1 112.6 117.5 130.5 124.5 118.5 125.9 127.4 129.5 143.5 154.6 166.6 178.8 210.8 20 9,707.0 9,743.2 9,949.0 10,230.5 9,737.5 9,723.9 9,770.4 9,754.0 224.1 ),743.3 9,716.3 9,759.5 9,871.6 9,916.9 9,991.0 10,016.6 10,059.5 10,130.4 10,317.7 10,414.6 1. Estimates tor durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. For some components of final sales of computers, includes computer parts. N ote . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line 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. February 2004 S urvey 47 C u rren t B u sin e ss of Table 1.3.1. Percent Change From Preceding Period in Real Gross Value Added by Sector [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Gross domestic product.... Business1.................................... Nonfarm2.................................. Farm......................................... Households and institutions.... Households.............................. Nonprofit Institutions serving households3......................... General government4................ Federal..................................... State and local.......................... Addendum: Gross housing value added 2001 III IV I II 2002 III IV I 2003 II III IV I II III IV 1 2 3 4 5 6 3.7 3.9 3.8 13.7 3.7 4.2 0.5 0.1 0.1 -4.2 2.2 3.1 2.2 2.3 2.3 1.9 2.2 2.4 3.1 3.7 3.7 1.5 1.1 0.9 6.4 7.5 7.5 5.2 1.8 1.3 -0.5 -0.8 -0.8 4.8 2.8 4.6 2.1 2.0 2.2 -18.2 3.7 4.8 -0.2 -0.8 -0.8 -2.0 0.9 1.6 -0.6 -1.2 -1.0 -15.8 0.7 0.1 -1.3 -2.6 -2.5 -16.6 5.6 9.3 2.0 2.2 1.6 100.1 0.8 -0.2 4.7 5.6 6.7 -64.2 2.0 2.0 1.9 1.4 0.8 94.9 5.6 8.0 3.4 4.3 4.0 50.5 -1.0 -2.9 1.3 1.6 1.6 -1.5 -1.6 -3.8 2.0 1.9 2.4 -39.5 2.5 3.5 3.1 4.2 3.8 59.0 -1.9 -4.0 8.2 10.3 10.4 -3.2 2.9 4.1 4.0 3.7 4.2 -35.8 9.9 15.8 7 8 9 10 3.0 1.7 0.9 2.1 1.1 1.7 0.2 2.3 1.8 1.6 1.7 1.6 1.4 1.4 3.3 0.6 2.4 3.8 8.4 1.9 0.6 -1.2 -7.1 1.3 2.2 1.1 -2.0 2.5 -0.1 3.2 3.9 2.9 1.4 1.9 0.2 2.6 0.9 1.3 0.3 1.8 2.1 1.7 0.1 2.4 1.9 1.3 2.7 0.8 2.4 1.7 2.0 1.5 1.7 15 2.3 1.2 1.5 2.4 4.9 1.4 1.1 1.7 4.3 0.6 1.0 1.1 5.0 -0.5 1.3 0.1 0.0 0.1 2.7 0.6 -0.6 1.1 11 3.5 2.7 2.4 0.7 1.0 3.9 4.0 0.7 0.6 9.3 -0.4 2.4 7.5 -2.9 -3.6 3.5 -4.3 3.3 14.9 1. Equals gross domestic product excluding gross value added of households and institutions and of general government. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit insti tutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. Table 1.3.3. Real Gross Value Added by Sector, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line Gross domestic product.... Business1.................................... Nonfarm2.................................. Farm......................................... Households and institutions.... Households.............................. Nonprofit institutions serving households3........................ General government4................ Federal..................................... State and local......................... Addendum: Gross housing value added..... 2000 2001 2002 2003 2001 2000 II III IV I 100.315 100.423 100.418 100.970 99.537 99.233 100.200 100.223 100.204 102.169 100.230 100.345 100.721 100.723 100.755 97.168 101.137 101.519 100.664 100.509 100.547 96.677 101.355 101.913 II 2002 III 1 2 3 4 5 6 100.000 100.000 100.000 100.000 100.000 100.000 100.506 100.090 100.132 95.757 102.229 103.064 102.710 102.374 102.421 97.569 104.450 105.568 105.911 106.138 106.210 99.078 105.627 106.533 7 8 9 10 100.000 100.000 100.000 100.000 101.127 101.720 100.232 102.340 102.973 103.345 101.930 103.935 104.443 99.939 100.077 100.635 100.619 100.970 101.190 104.793 100.319 100.009 100.290 101.080 101.561 101.902 105.277 101.559 99.714 99.201 100.153 100.196 100.278 104.592 99.801 100.131 100.745 101.467 102.131 102.579 11 100.000 102.672 105.160 105.912 IV I II 2003 III 100.503 100.180 100.679 101.843 102.324 103.172 100.211 99.545 100.096 101.473 101.821 102.902 100.287 99.656 100.040 101.666 101.873 102.871 92.597 88.501 105.254 81.406 96.187 106.541 101.522 102.921 103.119 103.620 105.039 104.775 101.939 104.230 104.173 104.695 106.728 105.938 101.728 102.336 100.303 103.182 102.201 102.678 100.964 103.391 102.811 103.104 101.464 103.787 103.241 103.494 102.036 104.101 IV I II III IV 103.502 103.301 103.276 106.144 104.365 104.914 104.008 103.799 103.895 93.608 105.002 105.828 104.801 104.861 104.856 105.113 104.501 104.743 106.887 107.457 107.487 104.270 105.243 105.801 107.947 108.434 108.602 93.325 107.763 109.758 103.637 104.106 103.255 104.462 103.911 104.534 104.342 104.617 104.166 104.816 105.632 104.477 104.502 104.836 105.643 104.501 105.194 104.985 105.492 104.775 99.341 100.293 101.275 101.455 101.595 103.876 103.760 104.378 106.271 105.479 104.510 105.421 104.269 105.121 108.838 1. Equals gross domestic product excluding gross value added of households and institutions and of general government. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit insti tutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. Table 1.3.4. Price Indexes for Gross Value Added by Sector [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 1 2 3 4 5 6 100.000 100.000 100.000 100.000 100.000 100.000 102.376 101.946 101.869 110.272 104.371 104.247 103.949 102.768 102.779 101.347 108.650 108.361 105.658 99.780 100.241 100.687 104.162 99.898 100.166 100.552 104.040 99.850 100.206 100.533 116.788 104.942 95.976 102.659 110.717 99.421 100.443 101.240 109.197 99.694 100.151 100.912 7 8 9 10 100.000 100.000 100.000 100.000 104.535 103.416 102.884 103.636 109.039 107.547 107.425 107.599 112.758 111.139 110.807 111.274 2003 2000 II Gross domestic product . .. Business1.................................... Nonfarm2.................................. Farm......................................... Households and institutions.... Households............................. Nonprofit institutions serving households3........................ General government4................ Federal..................................... State and local.......................... Addendum: Gross housing value added ... 11 100.000 104.262 108.227 109.331 99.059 99.291 98.894 99.458 III 100.828 100.579 100.605 100.568 2002 2001 IV 101.675 101.095 100.853 101.196 2003 I II III IV I II III IV 1 II III IV 101.478 101.234 101.169 107.946 102.794 102.088 102.273 102.003 101.900 113.010 103.739 103.513 102.676 102.189 102.043 118.256 104.848 104.911 103.078 102.358 102.365 101.876 106.102 106.478 103.364 102.318 102.185 118.594 107.656 107.620 103.738 102.575 102.659 92.596 108.436 108.229 104.123 102.857 102.916 95.615 109.195 108.857 104.571 103.321 103.355 98.584 109.316 108.739 105.163 103.746 103.739 103.534 110.057 109.241 105.440 103.972 103.925 108.260 110.281 108.815 105.870 104.321 104.207 115.663 111.080 109.116 106.159 104.610 104.290 139.695 111.452 109.618 103.740 101.892 101.667 101.987 104.044 102.721 102.232 102.924 104.763 103.938 103.212 104.237 105.592 105.113 104.424 105.397 107.701 106.410 107.158 106.107 108.712 107.209 107.590 107.055 109.649 107.946 107.758 108.024 110.092 108.623 107.193 109.212 111.156 110.245 110.358 110.193 112.251 110.941 110.844 110.978 113.716 111.582 111.011 111.818 113.909 111.787 111.015 112.108 99.632 100.192 101.020 102.186 103.567 104.902 106.391 107.477 108.077 108.678 108.677 109.222 108.989 109.319 109.795 1. Equals gross domestic product excluding gross value added of households and institutions and of general government. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit insti tutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. 48 C om prehensive Revision of the NIPAs February 2004 Table 1.3.5. Gross Value Added by Sector [Billions of dollars] Seasonally adjusted at annual rates Line Gross domestic product.... Business1.................................... Nonfarm2.................................. Farm......................................... Households and institutions.... Households.............................. Nonprofit institutions serving households3........................ General government4................ Federal..................................... State and local.......................... Addendum: Gross housing value added. 1 2 3 4 5 6 2000 9,817.0 7,666.7 7,595.1 71.5 1,080.7 615.6 2001 10,100.8 7,822.5 7,747.0 75.5 1,153.1 661.5 2002 2003 10,480.8 8,065.6 7,994.9 70.7 1,226.4 704.3 10,983.9 8,474.3 8,392.3 82.1 1,263.9 716.2 2000 2001 2002 III IV I II III IV 1 II III IV 1 II III IV 9,822.8 7,688.0 7,615.2 72.9 1,069.4 609.0 9,862.1 7,698.3 7,626.2 72.2 1,087.9 618.7 9,953.6 7,762.7 7,693.2 69.5 1,106.5 630.6 10,024.8 7,797.4 7,725.6 71.8 1,125.9 640.4 10,088.2 7,834.3 7,761.5 72.8 1,138.1 649.5 10,096.2 7,797.4 7,723.4 73.9 1,166.1 673.1 10,193.9 7,861.1 7,777.5 83.6 1,182.3 682.8 10,329.3 7,955.2 7,890.1 65.1 1,205.5 693.6 10,428.3 8,015.1 7,942.5 72.6 1,230.9 711.1 10,542.0 8,110.7 8,040.0 70.7 1,236.4 710.0 10,623.7 8,181.3 8,106.7 74.6 1,233.0 702.4 10,735.8 8,254.3 8,185.4 69.0 1,248.9 711.8 10,846.7 8,357.5 8,275.8 81.7 1,245.5 701.7 11,107.0 8,592.4 8,506.5 85.9 1,263.4 710.8 11,246.3 8,693.1 8,601.5 91.6 1,298.0 740.7 7 491.6 547.7 460.4 485.4 465.1 522.2 469.2 475.8 488.6 493.0 499.5 511.9 519.8 8 1,069.6 1,125.1 1,188.8 1,245.7 1,065.4 1,075.9 1,084.4 1,101.6 1,115.8 1,132.8 1,150.5 1,168.6 1,182.2 315.4 325.2 9 345.3 367.9 316.8 316.4 315.5 321.1 323.0 326.4 330.3 341.2 344.3 754.2 799.9 877.8 748.6 780.4 806.4 820.2 827.4 10 843.5 759.5 768.9 792.8 838.0 11 794.3 850.3 904.0 919.8 2003 II 786.1 798.1 812.6 823.3 865.4 835.6 876.7 891.0 526.4 537.1 543.8 557.2 530.6 552.6 1,194.9 1,209.5 1,232.6 1,243.7 1,251.1 1,255.2 346.7 349.1 363.1 369.2 369.3 369.8 860.4 869.4 848.1 874.5 881.3 885.9 912.3 910.5 902.2 914.6 902.7 912.8 949.2 1. Equals gross domestic product excluding gross value added of households and institutions and of general government. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit insti tutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. Table 1.3.6. Real Gross Value Added by Sector, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line Gross domestic product.... Business1.................................... Nonfarm2.................................. Farm......................................... Households and Institutions.... Households.............................. Nonprofit institutions serving households3......................... General government4................ Federal..................................... State and local......................... Residual....................................... Addendum: Gross housing value added 1 2 3 4 5 6 2000 9,817.0 7,666.7 7,595.1 71.5 1,080.7 615.6 7 465.1 8 1,069.6 315.4 9 754.2 10 11 0.1 12 794.3 2001 9,866.6 7,673.6 7,605.2 68.5 1,104.8 634.5 2002 2003 2001 2000 2002 III IV I II III IV I II III IV I II III IV 9,834.6 7,631.8 7,569.0 63.3 1,112.3 641.7 9,883.6 7,674.0 7,598.2 75.3 1,114.4 641.3 9,997.9 7,779.6 7,721.7 58.2 1,119.8 644.6 10,045.1 7,806.3 7,737.4 68.8 1,135.2 657.1 10,128.4 7,889.2 7,813.2 76.2 1,132.3 652.2 10,160.8 7,919.7 7,844.0 75.9 1,127.9 645.9 10,210.4 7,957.9 7,891.0 67.0 1,134.8 651.5 10,288.3 8,039.3 7,964.0 75.2 1,129.4 644.8 10,493.1 8,238.4 8,163.8 74.6 1,137.4 651.4 10,597.1 8,313.3 8,248.5 66.8 1,164.6 675.7 484.4 480.1 482.0 483.3 486.0 1,107.0 1,113.5 1,118.1 1,121.1 1,121.3 321.8 333.2 325.6 329.1 333.1 785.2 788.0 787.9 789.0 788.2 -0.3 -0.5 -0.5 -1.2 -4.1 489.2 1,122.9 332.7 790.2 -6.0 10,083.0 7,848.7 7,779.0 69.8 1,128.8 649.9 10,397.2 8,137.2 8,066.8 70.9 1,141.5 655.9 9,847.9 7,699.1 7,626.9 72.2 1,075.7 610.9 9,836.6 7,683.8 7,610.6 73.1 1,083.2 617.8 9,887.7 7,722.1 7,652.5 69.5 1,093.0 625.0 9,882.2 7,705.7 7,636.7 69.1 1,095.4 627.4 9,866.3 7,682.8 7,616.9 66.2 1,097.2 627.6 470.3 478.9 1,088.0 1,105.4 321.4 316.1 771.9 783.9 0.1 0.1 485.7 1,120.9 332.0 788.9 -3.0 464.8 1,073.0 320.3 752.7 0.1 465.4 468.0 1,069.7 1,072.7 314.5 312.8 755.2 759.8 0.0 0.1 467.9 1,081.1 315.8 765.3 0.0 470.6 473.1 469.6 475.3 478.1 1,086.3 1,089.9 1,094.6 1,098.2 1,102.8 316.2 316.0 316.3 318.4 320.0 773.7 770.3 778.2 779.8 782.8 -0.3 0.1 1.2 -0.1 0.9 835.3 841.2 789.1 804.4 805.8 815.5 2003 II 796.6 807.0 825.1 824.1 829.1 844.1 837.8 830.1 837.3 828.2 835.0 864.5 1. Equals gross domestic product excluding gross value added of households and institutions and of general government. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit insti tutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained- dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Table 1.4.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Gross domestic product........... Less: Exports of goods and services.................................... Plus: Imports of goods and services.................................... Equals: Gross domestic purchases................................ Less: Change in private inventories................................ Equals: Final sales to domestic purchasers.............................. Addendum: Final sales of domestic product 1 3.7 2 8.7 3 4 III 0.5 2.2 3.1 6.4 -5.2 -2.4 1.9 12.3 13.1 -2.6 3.3 3.7 4.4 0.7 2.8 3.3 6 4.5 1.6 2.4 7 3.8 1.4 1.8 2001 IV I II 2002 III -0.5 2.1 -0.2 -0.6 10.7 -2.7 -4.5 -13.4 16.5 14.1 -1.6 -6.2 7.2 0.4 2.1 -0.7 3.3 4.2 2.1 2.6 3.2 3.3 1.3 2.6 IV I II 2003 III IV II I III IV -1.3 2.0 4.7 1.9 3.4 1.3 2.0 3.1 8.2 4.0 -17.7 -9.8 4.4 8.7 4.3 -3.7 -2.0 -1.1 9.9 19.1 -8.6 -10.8 -3.8 8.4 17.1 4.1 8.2 -6.8 9.1 0.8 11.3 -0.4 -0.8 2.4 5.2 3.1 3.4 2.7 1.1 4.3 7.0 3.7 0.9 0.9 -0.3 3.6 3.2 2.5 1.8 3.1 1.8 4.5 7.2 3.1 1.4 0.7 -0.7 3.2 2.6 1.3 1.8 1.7 2.7 3.3 8.3 3.4 5 February 2004 S urvey of 49 C u rr e n t B u sin ess Table 1.4.3. Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Gross domestic product........... Less: Exports of goods and services.................................... Plus: Imports of goods and services.................................... Equals: Gross domestic purchases................................ Less: Change in private inventories................................ Equals: Final sales to domestic purchasers.............................. Addendum: Final sales of domestic product III 2001 IV I 2002 II IV III I 2003 II III IV I II III IV 1 100.000 100.506 102.710 105.911 100.315 100.200 100.721 100.664 100.503 100.180 100.679 101.843 102.324 103.172 103.502 104.008 104.801 106.887 107.947 2 100.000 94.773 94.312 99.608 102.163 101.458 100.304 96.774 92.188 89.829 90.802 3 100.000 97.377 100.609 104.312 92.512 99.371 102.700 102.286 100.659 98.434 95.673 94.741 96.674 100.567 101.587 103.610 101.810 104.059 104.277 107.103 92.721 93.709 92.818 92.353 92.097 94.290 98.508 4 100.000 100.672 103.482 106.895 100.255 100.350 100.866 100.699 100.604 100.391 100.996 102.286 103.079 103.938 104.625 104.915 106.016 107.836 108.811 <i 6 100.000 101.575 103.998 107.467 99.832 100.355 101.000 101.214 101.451 101.370 102.266 103.076 103.725 104.201 104.992 105.459 106.619 108.483 109.307 7 100.000 101.441 103.242 106.500 99.876 100.204 100.859 101.199 101.381 101.193 101.992 102.660 102.990 103.442 103.877 104.569 105.420 107.553 108.457 Table 1.4.4. Price Indexes for Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Gross domestic product........... Less: Exports of goods and services.................................... Plus: Imports of goods and services.................................... Equals: Gross domestic purchases................................ Less: Change in private inventories................................ Equals: Final sales to domestic purchasers.............................. Addendum: Final sales of domestic product III 2002 2001 IV I II IV III I II 2003 III IV I II III IV 1 100.000 102.376 103.949 105.658 99.780 100.241 100.687 101.478 102.273 102.676 103.078 103.364 103.738 104.123 104.571 105.163 105.440 105.870 106.159 2 100.000 99.628 99.273 101.355 99.989 100.223 100.327 100.344 100.043 99.513 98.610 98.309 99.007 99.812 99.964 100.842 101.044 101.434 102.100 3 100.000 97.537 96.519 100.043 99.487 100.506 100.686 97.106 94.637 94.249 96.631 97.503 97.694 100.435 4 100.000 101.974 103.374 105.302 99.967 98.439 99.381 100.042 100.314 99.714 100.283 100.727 101.381 101.958 102.211 102.346 102.592 103.213 103.625 104.065 104.934 105.031 105.496 105.747 R 6 100.000 101.978 103.379 105.337 99.714 100.283 100.732 101.375 101.963 102.222 102.353 102.594 103.212 103.633 104.077 104.968 105.062 105.531 105.789 7 100.000 102.381 103.955 105.695 99.779 100.241 100.691 101.473 102.279 102.687 103.086 103.365 103.737 104.132 104.585 105.198 105.474 105.906 106.202 Table 1.4.5. Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Gross domestic product........... Less: Exports of goods and services.................................... Plus: Imports of goods and services.................................... Equals: Gross domestic purchases................................ Less: Change in private inventories................................ Equals: Final sales to domestic purchasers.............................. Addendum: Final sales of domestic product III IV 1 9,817.0 10,100.8 10,480.8 10,983.9 9,822.8 9,862.1 2 1,096.3 1,035.1 1,006.8 1,048.1 3 1,475.8 1,401.7 1,433.1 I II III IV I II 2003 III IV II 1 III IV 9,953.6 10,024.8 10,088.2 10,096.2 10,193.9 10,329.3 10,428.3 10,542.0 10,623.7 10,735.8 10,846.7 11,107.0 11,246.3 1,091.8 1,122.4 1,115.8 1,103.1 1,539.6 1,458.7 1,523.1 2002 2001 1,519.7 1,484.4 978.5 1,006.3 1,025.3 1,017.2 1,021.0 1,020.2 1,048.5 1,102.6 1,429.3 1,370.4 1,322.5 1,344.1 1,433.6 1,461.3 1,493.3 1,508.5 1,525.7 1,539.0 1,585.0 1,061.1 1,005.4 970.8 4 10,196.4 10,467.3 10,907.1 11,475.5 10,189.7 10,262.8 10,357.5 10,406.1 10,456.4 10,461.2 10,545.5 10,694.9 10,855.6 10,977.9 11,099.9 11,223.4 11,352.2 11,597.5 11,728.7 5 56.5 -36.1 5.4 -3.3 96.3 58.4 41.4 2.0 -32.4 -46.0 -68.1 -27.8 28.6 0.5 20.2 -0.9 -10.5 -5.8 4.0 6 10,140.0 10,503.4 10,901.7 11,478.7 10,093.4 10,204.4 10,316.0 10,404.1 10,488.9 10,507.2 10,613.6 10,722.7 10,855.1 10,949.4 11,079.7 11,224.3 11,357.9 11,608.0 11,724.8 7 9,760.5 10,136.9 10,475.5 10,987.2 9,726.5 9,803.7 9,912.2 10,022.8 10,120.6 10,142.2 10,262.0 10,357.1 10,427.8 10,513.4 10,603.6 10,736.7 10,852.4 11,117.4 11,242.3 Table 1.4.6. Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Gross domestic product........... Less: Exports of goods and services.................................... Plus: Imports of goods and services.................................... Equals: Gross domestic purchases................................ Less: Change in private inventories................................ Equals: Final sales to domestic purchasers.............................. Addendum: Final sales of domestic product III 2001 IV I II 2003 2002 III IV I II III IV II I III IV 1 9,817.0 9,866.6 10,083.0 10,397.2 9,847.9 9,836.6 9,887.7 9,882.2 9,866.3 9,834.6 9,883.6 9,997.9 10,045.1 10,128.4 10,160.8 10,210.4 10,288.3 10,493.1 10,597.1 2 1,096.3 1,039.0 1,014.2 3 1,475.8 1,437.1 1,033.9 1,484.7 1,539.4 1,092.0 1,120.0 1,112.3 1,099.6 1,466.5 1,515.6 1,509.5 1,485.5 1,060.9 1,010.6 1,452.7 1,411.9 984.8 1,398.2 995.4 1,016.5 1,426.7 1,484.1 1,027.3 1,017.5 1,012.4 1,009.6 1,033.7 1,079.9 1,499.2 1,529.0 1,502.5 1,535.7 1,538.9 1,580.6 4 10,196.4 10,265.0 10,551.5 10,899.4 10,222.4 10,232.1 10,284.7 10,267.7 10,258.0 10,236.3 10,298.0 10,429.5 10,510.4 10,598.0 10,668.0 10,697.6 10,809.9 10,995.4 11,094.9 5 56.5 -36.0 5.7 -1.5 99.3 56.2 43.5 4.3 -28.8 -44.0 -75.5 -23.5 -8.0 32.8 21.5 1.6 -4.5 -9.1 6.1 6 10,140.0 10,299.7 10,545.4 10,897.1 10,122.9 10,176.0 10,241.4 10,263.1 10,287.1 10,278.9 10,369.7 10,451.9 10,517.7 10,565.9 10,646.1 10,693.5 10,811.1 11,000.1 11,083.7 7 9,760.5 9,901.1 10,076.9 10,394.9 9,748.4 9,780.4 9,844.3 9,877.5 9,895.3 9,876.9 9,954.9 10,020.1 10,052.3 10,096.4 10,138.9 10,206.4 10,289.5 10,497.7 10,585.9 N ote . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Comprehensive Revision of the NIPAs 50 February 2004 Table 1.5.1. Percent Change From Preceding Period in Real Gross Domestic Product, Expanded Detail [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 II Gross domestic product.... Personal consumption expenditures........................... Durable goods.......................... Motor vehicles and parts..... Furniture and household equipment......................... Other............ Nondurable goods Food............. Clothing and shoes Gasoline, fuel oil, and other energy goods................... Other.................................... Services................................... Housing................................ Household operation........... Electricity and gas........... Other household operation Transportation...................... Medical care........................ Recreation............................ Other.................................... Gross private domestic investment............................... Fixed investment................... Nonresidential..................... Structures........................ Equipment and software... information processing equipment and software................... Computers and peripheral equipment........... Software1................ Other........................ Industrial equipment.... Transportation equipment............... Other equipment......... Residential............................ Change in private inventories Nonfarm................................ Net exports of goods and services................................... Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Consumption expenditures Gross investment............. Nondefense.......................... Consumption expenditures Gross investment............. State and local.......................... Consumption expenditures... Gross investment................. III IV 2002 IV I II 2003 I II III 1 3.7 0.5 2.2 3.1 6.4 -0.5 2.1 -0.2 -0.6 -1.3 2.0 4.7 1.9 3.4 1.3 2.0 3.1 8.2 4.0 2 3 4 4.7 7.3 3.8 2.5 4.1 4.9 3.4 6.5 4.4 3.1 7.4 4.2 2.5 -9.5 -24.3 3.9 6.0 7.7 3.4 0.7 0.4 0.5 1.7 1.1 2.3 9.8 18.6 1.9 0.7 -3.3 6.2 27.3 46.6 4.1 1.6 -10.0 2.6 0.5 -5.9 2.0 5.0 7.5 2.2 0.3 -8.0 2.5 0.5 -4.2 3.3 17.7 15.3 6.9 28.0 39.7 2.6 0.9 -10.3 5 6 7 8 9 11.5 8.0 3.8 3.5 5.3 5.9 -0.9 1.9 1.3 1.9 10.0 4.8 3.0 2.3 5.1 9.9 10.3 3.7 3.8 4.8 6.1 2.3 5.7 4.2 7.2 6.1 2.1 2.3 0.9 6.5 2.4 -1.5 3.7 1.5 1.3 6.1 -4.3 0.4 2.3 -2.5 5.3 -1.4 -1.1 -0.4 0.4 7.8 -2.2 2.9 0.2 5.1 13.7 10.3 4.7 1.4 6.5 15.4 8.4 6.1 5.8 11.4 7.7 3.4 0.4 2.0 0.4 3.7 1.3 0.2 0.3 -0.4 8.2 7.0 4.6 2.3 7.5 1.3 11.0 5.7 6.7 3.0 19.4 20.0 1.2 2.4 7.8 22.9 12.5 7.3 7.3 9.4 11.7 10.0 4.4 3.2 1.1 10 11 12 13 14 15 16 17 18 19 20 -0.6 4.8 4.5 2.9 4.9 3.7 5.6 2.8 3.8 4.1 7.8 1.7 2.8 2.4 2.7 0.0 -1.5 1.0 -0.6 4.3 2.3 1.8 2.3 3.5 3.0 2.7 1.1 2.9 0.0 -1.7 5.7 3.8 2.1 -0.8 4.7 2.0 2.2 0.6 0.2 0.8 -2.3 5.1 2.3 -0.2 -2.9 10.9 3.9 3.1 13.6 26.3 7.3 2.7 4.5 5.3 0.4 -2.3 3.9 4.3 2.7 4.2 5.2 3.5 -0.4 4.0 3.7 8.1 13.5 5.4 3.9 2.8 11.1 30.2 0.5 0.2 4.1 1.5 3.6 6.2 -3.5 0.3 3.2 -5.7 -8.0 -4.7 0.9 3.4 3.2 -4.5 -17.0 3.2 2.4 2.5 -7.0 -25.6 7.3 -0.2 4.4 -0.8 6.0 5.0 5.8 1.6 2.0 -1.0 -2.5 -0.2 -4.8 5.8 2.0 -0.6 20.2 4.9 2.8 2.4 -4.1 -8.4 -1.7 -4.8 5.6 5.5 4.6 6.0 3.8 3.8 3.3 4.6 14.2 -0.6 3.7 6.7 6.9 -0.1 -11.1 1.2 4.1 3.0 9.6 20.3 3.7 -1.6 5.5 2.4 3.9 -4.9 2.0 2.2 2.5 -3.5 -3.4 -3.7 -4.1 4.5 1.8 3.4 12.7 4.5 1.5 2.3 0.9 6.1 -2.0 -3.1 6.1 3.2 -3.3 4.2 5.9 1.5 2.3 1.0 0.4 1.4 0.5 5.1 0.0 -2.8 -18.6 3.6 1.7 1.8 -3.3 -12.7 3.2 -4.0 4.6 3.6 1.3 3.7 7.6 2.8 2.2 3.5 4.1 3.2 -2.2 5.0 2.6 1.9 11.1 6.2 2.1 1.3 3.2 5.6 1.8 -2.1 4.5 5.0 -0.2 21 22 23 24 25 5.7 6.5 8.7 6.8 9.4 -8.4 -3.2 -4.5 -2.5 -5.2 -1.2 -3.7 -7.2 -18.4 -2.8 4.1 4.3 2.8 -4.7 5.2 29.1 9.5 14.8 18.0 13.7 -9.9 -0.6 2.2 9.6 -0.2 -2.3 0.7 0.9 1.2 0.8 -11.1 -2.7 -4.5 -5.9 ^ .0 -16.4 -9.2 -13.6 -5.6 -16.4 -8.5 -5.2 -8.4 2.2 -12.2 -17.7 -10.8 -14.0 -35.3 -4.1 11.1 -2.5 -7.0 -23.9 -0.2 4.6 0.6 -3.0 -14.5 1.2 11.4 0.6 -1.1 -14.6 3.7 -0.6 2.1 -0.1 -5.6 1.7 -3.5 1.1 -0.6 ^*.0 0.5 4.7 6.1 7.0 3.9 8.0 14.8 15.8 12.8 -1.8 17.6 12.4 8.1 6.9 -3.0 10.0 26 17.4 -2.1 0.4 13.7 22.2 7.1 12.7 -4.3 -17.0 -12.7 -3.5 2.6 9.7 14.2 -1.5 17.3 16.8 27.1 15.2 2/ 28 29 30 21.2 12.1 20.3 7.7 2.3 -2.5 -4.1 -8.9 13.8 -2.5 -2.9 -6.2 32.5 8.8 9.9 -3.9 53.3 10.6 18.6 8.8 12.4 1.1 10.1 5.7 5.6 11.8 17.5 -6.9 17.1 -3.8 -13.8 2.5 -20.6 -12.4 -19.4 -28.9 -27.5 -8.8 -9.0 -18.9 28.8 -11.9 -7.8 -15.2 32.5 -2.8 -4.7 21.0 8.5 6.0 13.8 -14.4 41.7 14.0 2.8 0.1 12.0 -3.4 -5.9 -3.1 29.2 11.6 17.4 -7.4 48.6 9.9 9.7 -1.3 53.4 15.2 26.8 1.5 28.9 13.6 10.0 -6.8 31 32 33 34 -4.1 3.5 0.8 -11.4 -3.7 0.4 -10.1 -1.7 4.9 -10.0 3.1 7.6 2.2 7.0 -3.5 -16.8 -9.3 -8.0 -20.3 -2.4 0.4 -16.3 4.8 2.6 0.3 -14.9 3.7 -16.5 3.2 3.1 18.6 -15.3 -2.5 -22.5 -3.0 8.7 -17.4 15.0 8.9 -19.4 0.1 4.2 18.1 3.1 6.8 -27.4 -10.5 4.5 -7.6 4.3 4.5 -4.8 25.2 21.9 6.8 12.7 10.6 III IV 37 38 39 40 41 42 43 8.7 11.2 2.9 13.1 13.5 11.1 -5.2 -6.1 -3.1 -2.6 -3.2 0.4 -2.4 -4.0 1.4 3.3 3.7 1.4 1.9 1.8 2.3 3.7 4.5 -0.1 12.3 13.8 8.5 16.5 17.7 10.7 10.7 18.3 -6.6 14.1 14.1 14.1 -2.7 -5.4 4.4 -1.6 -1.6 -1.9 -4.5 -5.4 -2.0 -6.2 -6.8 -3.1 -13.4 -18.1 -0.6 -8.6 -12.2 12.5 -i'7.7 -18.9 -14.7 -10.8 -9.2 -18.2 -9.8 -7.6 -15.0 -3.8 -3.2 -6.9 4.4 -2.6 22.8 8.4 6.3 19.2 8.7 12.0 1.6 17.1 21.9 -3.6 4.3 4.3 4.5 4.1 4.8 0.7 -3.7 -9.1 9.4 8.2 7.4 12.2 -2.0 1.9 -10.1 -6.8 -6.6 -7.5 -1.1 -1.7 0.2 9.1 13.7 -10.9 9.9 8.6 12.7 0.8 -1.5 13.4 19.1 19.2 18.9 11.3 12.2 7.0 44 45 46 47 48 49 50 51 52 53 54 2.1 0.9 -0.5 -1.0 2.5 3.5 5.8 -8.2 2.7 1.9 5.7 2.8 3.7 3.9 3.9 3.8 3.5 4.0 0.4 2.2 2.2 2.5 3.8 7.9 8.9 8.4 11.7 6.2 6.1 7.0 1.8 1.4 3.4 3.4 8.7 10.5 10.8 8.1 5.4 5.8 3.1 0.6 0.7 0.1 5.5 17.2 17.0 19.6 1.2 17.6 16.3 25.1 0.1 1.7 -6.4 -2.1 -8.2 -7.4 -8.8 2.3 -9.7 -6.9 -23.8 1.3 1.0 2.2 1.3 -1.0 1.7 3.5 -9.1 -5.7 -3.2 -19.5 2.5 2.2 3.5 5.8 8.9 7.7 9.1 -2.2 11.2 10.6 14.9 4.3 3.1 9.0 5.8 6.7 2.6 0.0 22.5 14.4 10.8 38.2 5.3 2.3 18.3 -4.1 0.0 2.4 0.8 13.6 -4.3 -1.0 -21.7 -6.1 1.4 -31.4 7.4 9.9 14.2 15.8 4.6 2.6 3.0 0.1 6.1 2.2 24.3 4.6 8.4 8.2 9.1 2.3 8.7 7.5 16.3 2.7 0.2 13.8 4.0 10.5 9.5 6.4 34.0 12.2 8.1 41.5 0.7 1.8 -3.7 2.5 3.9 4.5 2.5 18.9 2.9 6.5 -17.0 1.7 1.2 3.6 7.1 18.2 22.1 28.2 -12.6 11.4 13.7 -2.6 1.5 1.9 -0.3 -0.4 -0.2 -5.6 -4.8 -11.2 10.5 12.8 -4.1 -0.5 0.6 -4.9 7.4 23.5 41.9 41.9 42.1 -5.0 -11.7 53.7 -0.8 -0.5 -2.2 1.8 1.2 -1.3 -4.7 26.4 6.5 11.9 -22.8 2.1 -0.3 12.2 0.8 0.7 1.8 2.8 -4.6 -1.6 -1.7 -1.1 0.9 0.4 2.9 I III II IV 36 1. Excludes software “embedded,” or bundled, in computers and other equipment. 2001 2000 February 2004 S urvey of 51 C u rren t B u sin ess Table 1.5.2. Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II III IV 2002 I II III IV I II 2003 III I IV II IV III 1 3.7 0.5 2.2 3.1 6.4 -0.5 2.1 -0.2 -0.6 -1.3 2.0 4.7 1.9 3.4 1.3 2.0 3.1 8.2 4.0 2 3 4 3.17 0.63 0.15 1.68 0.36 0.19 2.38 0.55 0.18 2.19 0.61 0.16 1.78 -0.89 -1.12 2.62 0.50 0.28 2.29 0.06 0.01 0.28 0.15 0.04 1.52 0.80 0.67 1.27 0.06 -0.13 4.20 2.14 1.58 2.92 0.14 -0.44 1.81 0.04 -0.25 1.39 0.43 0.29 1.57 0.02 -0.33 1.80 0.04 -0.16 2.34 1.38 0.54 4.89 2.23 1.36 1.84 0.08 -0.43 5 6 7 8 9 0.35 0.13 0.74 0.33 0.16 0.18 -0.01 0.37 0.12 0.06 0.30 0.08 0.60 0.22 0.15 0.29 0.16 0.75 0.37 0.13 0.19 0.04 1.11 0.39 0.21 0.19 0.03 0.44 0.09 0.19 0.07 -0.02 0.72 0.14 0.04 0.18 -0.07 0.06 0.22 -0.08 0.16 -0.02 -0.22 -0.03 0.01 0.23 -0.04 0.57 0.02 0.15 0.40 0.16 0.91 0.14 0.19 0.45 0.13 1.19 0.56 0.33 0.23 0.05 0.07 0.19 0.01 0.12 0.02 0.04 0.03 -0.01 0.24 0.11 0.90 0.22 0.21 0.04 0.17 1.13 0.63 0.09 0.54 0.30 0.25 0.23 0.21 0.65 0.21 1.48 0.71 0.27 0.34 0.16 0.89 0.31 0.03 10 11 12 13 14 15 16 17 18 19 20 -0.01 0.26 1.80 0.29 0.19 0.05 0.14 0.08 0.40 0.11 0.72 0.03 0.15 0.96 0.28 0.00 -0.02 0.02 -0.02 0.45 0.06 0.18 0.04 0.20 1.23 0.29 0.04 0.04 0.00 -0.05 0.63 0.11 0.20 -0.02 0.26 0.83 0.24 0.02 0.00 0.02 -0.06 0.59 0.07 -0.02 -0.06 0.56 1.55 0.31 0.51 0.33 0.18 0.08 0.47 0.14 0.05 -0.05 0.21 1.67 0.27 0.16 0.07 0.08 -0.01 0.41 0.10 0.75 0.25 0.29 1.51 0.28 0.41 0.40 0.01 0.01 0.42 0.04 0.34 0.12 -0.19 0.07 0.33 -0.27 -0.15 -0.12 0.03 0.35 0.09 -0.45 -0.37 0.17 0.94 0.26 -0.31 -0.49 0.17 -0.01 0.47 -0.02 0.56 0.09 0.31 0.64 0.21 -0.05 -0.04 -0.01 -0.15 0.62 0.06 -0.06 0.32 0.27 1.15 0.25 -0.17 -0.13 -0.04 -0.14 0.61 0.15 0.45 0.10 0.22 1.58 0.35 0.18 0.20 -0.02 0.10 0.75 0.19 0.00 -0.20 0.07 1.70 0.33 0.36 0.27 0.09 -0.05 0.61 0.07 0.38 -0.09 0.11 0.92 0.28 -0.14 -0.05 -0.09 -0.12 0.51 0.05 0.34 0.21 0.25 0.65 0.25 0.04 0.09 -0.05 -0.09 0.69 0.09 -0.33 0.08 0.33 0.63 0.26 0.04 0.01 0.03 0.01 0.59 0.00 -0.28 -0.40 0.20 0.71 0.20 -0.13 -0.21 0.08 -0.11 0.53 0.10 0.13 0.07 0.43 1.19 0.25 0.14 0.06 0.08 -0.06 0.60 0.08 0.19 0.20 0.35 0.87 0.14 0.12 0.08 0.04 -0.06 0.53 0.15 -0.02 21 22 23 24 25 0.99 1.09 1.06 0.21 0.85 -1.47 -0 5 4 -0.56 -0.08 -0.47 -0.18 -0.60 -0.82 -0.59 -0.23 0.61 0.65 0.28 -0.12 0.40 4.65 1.60 1.76 0.53 1.23 -1.84 -0.10 0.28 0.29 -0.02 -0.36 0.13 0.11 0.04 0.07 -1.96 -0.45 -0.56 -0.20 -0.37 -2.92 -1.60 -1.76 -0.19 -1.57 -1.39 -0.88 -1.02 0.07 -1.09 -2.98 -1.83 -1.71 -1.36 -0.35 1.60 -0.41 -0.81 -0.77 -0.03 0.69 0.08 -0.33 -0.41 0.09 1.66 0.08 -0.12 -0.40 0.28 -0.09 0.31 -0.01 -0.14 0.13 -0.57 0.16 -0.06 -0.10 0.04 0.73 0.90 0.68 0.09 0.59 2.17 2.30 1.25 -0.04 1.30 1.84 1.23 0.69 -0.07 0.76 26 0.75 -0.10 0.02 0.53 0.96 0.33 0.58 -0.20 -0.84 -0.58 -0.15 0.09 0.37 0.53 -0.06 0.64 0.64 1.05 0.62 27 28 29 30 0.20 0.20 0.35 0.12 0.02 -0.04 -0.08 -0.14 0.11 -0.04 -0.05 -0.09 0.24 0.14 0.16 -0.05 0.45 0.18 0.33 0.14 0.12 0.02 0.19 0.09 0.06 0.20 0.32 -0.12 0.16 -0.07 -0.28 0.04 -0.22 -0.24 -0.39 -0.53 -0.26 -0.16 -0.16 -0.30 0.19 -0.21 -0.14 -0.22 0.22 -0.05 -0.08 0.26 0.06 0.09 0.21 -0.21 0.28 0.21 0.05 0.00 0.09 -0.06 -0.10 -0.04 0.21 0.18 0.26 -0.10 0.33 0.15 0.15 -0.02 0.39 0.24 0.41 0.02 0.24 0.22 0.17 -0.08 31 32 33 34 35 36 -0.07 0.05 0.03 -0.10 0.02 -0.12 -0.18 -0.05 0.02 -0.93 0.02 -0.94 -0.14 -0.02 0.23 0.41 -0.03 0.44 -0.12 0.04 0.37 -0.04 0.02 -0.05 0.04 0.09 -0.16 3.05 0.88 2.18 -0.31 -0.13 -0.38 -1.74 -0.36 -1.38 -0.36 -0.03 0.02 -0.49 0.34 -0.83 -0.27 0.06 0.12 -1.51 0.03 -1.54 0.00 -0.21 0.16 T -0.34 -0.99 -0.25 0.04 0.14 -0.51 0.14 -0.65 0.24 -0.21 -0.12 -1.15 -0.26 -0.89 -0.34 -0.04 0.40 2.01 0.39 1.62 -0.24 0.17 0.41 0.61 -0.64 1.25 -0.26 0.00 0.20 1.58 0.34 1.25 0.20 0.04 0.32 -0.40 -0.02 -0.38 -0.37 -0.13 0.22 -0.74 0.15 -0.88 -0.09 0.05 0.22 -0.17 -0.09 -0.08 -0.05 0.28 1.05 -0.13 -0.03 -0.10 0.07 0.15 0.54 0.61 0.02 0.59 37 38 39 40 41 42 43 -0.86 0.93 0.84 0.09 -1.79 -1.55 -0.25 -0.19 -0.58 -0.48 -0.10 0.39 0.39 -0.01 -0.70 -0.24 -0.29 0.04 -0.45 -0.42 -0.03 -0.32 0.19 0.12 0.07 -0.51 -0.51 0.00 -0.98 1.30 1.03 0.26 -2.27 -2.03 -0.24 -0.87 1.14 1.36 -0.22 -2.01 -1.70 -0.32 -0.07 -0.31 -0.45 0.14 0.24 0.19 0.04 0.46 -0.50 -0.44 -0.06 0.96 0.88 0.08 -0.25 -1.54 -1.52 -0.02 1.29 1.57 -0.28 -0.42 -1.99 -1.50 -0.48 1.57 1.10 0.47 -0.50 -1.02 -0.54 -0.47 0.52 0.35 0.16 -0.65 0.40 -0.19 0.59 -1.05 -0.66 -0.39 -1.32 0.80 0.75 0.05 -2.12 -2.20 0.09 -0.15 0.41 0.28 0.13 -0.56 -0.55 -0.02 -1.47 -0.37 -0.64 0.27 -1.10 -0.83 -0.27 0.81 -0.19 0.13 -0.31 1.00 0.81 0.19 -1.34 -0.11 -0.11 0.01 -1.24 -1.51 0.27 0.80 0.92 0.56 0.36 -0.12 0.18 -0.30 0.19 1.69 1.17 0.52 -1.50 -1.34 -0.16 44 45 46 47 48 49 50 51 52 53 54 0.36 0.05 -0.02 -0.03 0.01 0.07 0.10 -0.03 0.31 0.18 0.13 0.48 0.22 0.15 0.13 0.02 0.07 0.07 0.00 0.26 0.20 0.06 0.69 0.48 0.35 0.29 0.06 0.14 0.12 0.02 0.21 0.13 0.08 0.63 0.56 0.44 0.39 0.04 0.12 0.11 0.01 0.07 0.06 0.00 0.96 0.96 0.61 0.60 0.01 0.35 0.28 0.07 0.01 0.16 -0.15 -0.37 -0.51 -0.29 -0.30 0.01 -0.22 -0.13 -0.09 0.15 0.10 0.05 0.22 -0.07 0.06 0.11 -0.05 -0.13 -0.06 -0.07 0.29 0.21 0.08 0.99 0.50 0.27 0.29 -0.01 0.23 0.19 0.04 0.49 0.29 0.20 1.00 0.38 0.10 0.00 0.10 0.28 0.19 0.09 0.62 0.22 0.40 -0.74 0.00 0.09 0.03 0.06 -0.09 -0.02 -0.07 -0.74 0.13 -0.88 1.28 0.57 0.53 0.50 0.02 0.04 0.06 -0.02 0.71 0.21 0.50 0.85 0.52 0.33 0.32 0.01 0.20 0.14 0.06 0.33 0.01 0.31 0.72 0.64 0.38 0.22 0.15 0.27 0.15 0.11 0.08 0.17 -0.09 0.46 0.26 0.19 0.09 0.10 0.07 0.13 -0.06 0.20 0.11 0.09 1.29 1.11 0.85 0.93 -0.07 0.26 0.26 0.00 0.18 0.19 -0.01 -0.07 -0.01 -0.25 -0.19 -0.06 0.24 0.25 -0.01 -0.06 0.06 -0.12 1.36 1.46 1.58 1.39 0.19 -0.12 -0.26 0.14 -0.10 -0.05 -0.05 0.34 0.09 -0.06 -0.20 0.13 0.15 0.23 -0.08 0.25 -0.02 0.27 0.16 0.05 0.08 0.11 -0.03 -0.04 -0.04 0.00 0.11 0.04 0.07 1. Excludes software “embedded,” or bundled, in computers and other equipment. CM CO Percent change at annual rate: Gross domestic product.... Percentage points at annual rates: Personal consumption expenditures........................... Durable goods......................... Motor vehicles and parts..... Furniture and household equipment........................ Other.................................... Nondurable goods................... Food..................................... Clothing and shoes.............. Gasoline, fuel oil, and other energy goods................... Other.................................... Services................................... Housing................................ Household operation........... Electricity and gas........... Other household operation Transportation...................... Medical care......................... Recreation............................ Other.................................... Gross private domestic investment............................... Fixed investment.................... Nonresidential..................... Structures......................... Equipment and software... Information processing equipment and software................... Computers and peripheral equipment........... Software’ ................ Other........................ Industrial equipment.... Transportation equipment............... Other equipment......... Residential............................ Change in private inventories Farm..................................... Nonfarm................................ Net exports of goods and services................................... Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Consumption expenditures Gross investment............. Nondefense.......................... Consumption expenditures Gross investment............. State and local......................... Consumption expenditures... Gross investment................. 2001 Comprehensive Revision of the NIPAs 52 February 2004 Table 1.5.3. Real Gross Domestic Product, Expanded Detail, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Gross domestic product.... Personal consumption expenditures........................... Durable goods.......................... Motor vehicles and parts..... Furniture and household equipment......................... Other.................................... Nondurable goods................... Food..................................... Clothing and shoes.............. Gasoline, fuel oil, and other energy goods................... Other.................................... Services................................... Housing................................ Household operation........... Electricity and gas........... Other household operation Transportation....................... Medical care........................ Recreation............................ Other.................................... Gross private domestic investment............................... Fixed investment................... Nonresidential...................... Structures......................... Equipment and software... Information processing equipment and software.................... Computers and peripheral equipment........... Software1................ Other........................ Industrial equipment.... Transportation equipment............... Other equipment......... Residential............................ III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 1 100.000 100.506 102.710 105.911 100.315 100.200 100.721 100.664 100.503 100.180 100.679 101.843 102.324 103.172 103.502 104.008 104.801 106.887 107.947 2 100.000 102.452 105.951 109.242 3 100.000 104.144 110.868 119.033 4 100.000 104.879 109.522 114.172 99.465 100.424 101.270 101.400 101.971 102.446 103.989 105.043 105.715 106.229 106.819 107.489 108.378 110.197 110.904 98.609 100.056 100.238 100.669 103.039 103.219 109.648 110.076 110.202 111.557 111.638 111.779 116.420 123.834 124.100 97.309 99.133 99.223 99.485 103.812 102.943 113.277 110.341 108.679 110.672 108.395 107.228 111.116 120.794 117.549 5 6 7 8 9 100.000 100.000 100.000 100.000 100.000 105.920 99.098 101.852 101.280 101.941 116.544 103.870 104.949 103.573 107.183 128.052 99.480 100.956 114.545 99.974 100.489 108.864 99.835 100.398 107.507 100.045 100.280 112.323 99.554 101.139 103.065 99.024 101.400 101.227 100.822 104.398 98.678 101.124 101.138 100.932 106.375 98.124 101.857 101.200 102.195 109.843 100.564 103.029 101.557 103.817 113.840 102.617 104.556 103.003 106.667 115.958 103.478 104.652 103.514 106.771 117.021 103.809 104.703 103.588 106.673 119.356 105.576 105.885 104.188 108.622 119.740 108.357 107.358 105.885 109.416 125.172 113.405 107.685 106.508 111.495 131.794 116.799 109.607 108.390 114.037 135.501 119.617 110.806 109.246 114.344 10 11 12 13 14 15 16 17 18 19 20 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 101.719 102.844 102.382 102.726 100.033 98.513 100.952 99.420 104.295 102.298 101.835 104.060 106.466 105.420 105.508 101.117 101.352 100.959 97.774 110.250 106.169 103.935 103.209 99.311 98.736 101.916 103.467 111.431 99.819 100.787 102.114 101.219 107.508 99.474 100.521 101.475 101.547 107.847 99.687 100.342 101.036 101.839 101.690 99.603 100.623 103.303 101.787 101.558 99.064 100.326 107.162 104.961 101.792 99.976 100.829 100.965 99.757 95.569 100.206 100.105 100.155 100.380 115.864 99.529 100.514 101.523 102.364 108.569 99.767 100.686 101.050 101.860 103.717 98.830 100.764 101.663 100.509 98.755 102.011 102.150 102.476 99.958 97.483 101.540 100.333 103.473 101.644 101.990 99.968 103.454 102.558 102.989 99.717 96.857 101.478 99.096 104.950 102.160 101.841 104.684 104.693 103.273 103.600 98.669 94.751 101.033 97.873 106.393 103.527 103.001 106.231 105.678 104.236 104.436 99.775 97.950 100.869 98.773 108.138 105.266 102.977 103.162 105.990 105.298 105.223 102.096 102.572 101.794 98.383 109.596 105.881 103.955 101.874 106.503 105.869 105.886 101.180 101.689 100.845 97.356 110.804 106.346 104.839 104.974 107.690 106.276 106.487 101.418 103.198 100.329 96.582 112.462 107.184 103.968 106.047 109.252 106.664 107.106 101.675 103.302 100.678 96.697 113.880 107.180 103.237 100.743 110.227 107.115 107.581 100.838 99.842 101.483 95.714 115.157 108.124 103.570 101.664 112.274 107.849 108.173 101.717 100.859 102.274 95.188 116.563 108.812 104.058 104.380 113.972 108.404 108.529 102.530 102.231 102.733 94.676 117.855 110.160 104.002 21 22 23 24 25 100.000 100.000 100.000 100.000 100.000 91.650 96.826 95.517 97.465 94.825 90.580 93.258 88.683 79.492 92.144 100.411 100.443 101.066 102.088 100.723 99.838 96.933 100.619 99.932 101.282 100.125 102.383 100.843 100.912 99.885 92.686 97.560 96.535 99.406 95.506 90.646 96.258 94.453 99.958 92.437 86.337 93.554 90.955 89.654 91.470 88.634 92.969 89.314 83.728 91.420 89.645 93.106 88.641 80.523 91.693 92.090 93.238 88.399 77.412 92.536 91.953 93.718 88.378 76.304 92.927 91.135 93.968 88.248 75.523 93.047 92.186 95.378 89.751 76.244 94.851 26 100.000 97.855 98.211 111.655 99.588 101.315 104.384 103.238 98.547 95.245 94.392 94.998 97.227 100.502 100.115 104.182 108.297 114.996 119.145 27 28 29 30 94.251 97.291 91.131 75.753 96.961 103.060 100.600 100.526 99.785 100.778 100.000 102.321 116.477 154.294 100.704 100.000 97.538 95.068 103.474 99.775 100.000 95.930 93.181 102.365 98.784 100.000 91.086 85.452 82.108 100.278 31 100.000 88.646 79.729 71.790 103.842 32 100.000 96.334 94.721 97.689 101.807 33 100.000 100.351 105.228 113.255 100.786 34 IS 36 101.557 100.122 101.309 100.650 101.471 103.683 105.111 109.350 103.213 100.043 102.880 101.882 98.576 101.198 105.360 101.508 96.189 101.673 99.873 100.497 92.273 99.169 99.352 98.718 93.707 98.748 98.807 95.424 98.260 98.932 100.886 92.485 94.042 75.906 75.338 98.779 101.166 95.248 101.473 108.868 111.106 121.228 124.706 132.950 146.791 163.361 174.073 96.343 93.351 92.692 94.060 97.184 96.336 99.021 101.393 105.045 108.439 93.949 92.071 90.965 93.955 94.612 93.191 96.996 99.259 105.335 107.871 87.554 84.022 88.125 84.776 84.791 84.117 82.516 82.247 82.554 81.115 89.641 89.703 85.754 89.488 83.956 80.040 75.848 79.073 73.002 71.581 70.701 71.876 99.911 95.952 96.706 92.766 92.068 95.350 95.364 96.101 93.460 94.445 99.913 102.941 99.451 100.354 101.120 100.480 102.596 104.805 105.884 107.629 108.828 110.021 115.616 118.553 Net exports of goods and Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption investment............................... Federal..................................... National defense.................. Consumption expenditures Gross investment............. Nondefense.......................... Consumption expenditures Gross investment............. State and local.......................... Consumption expenditures... Gross investment................. V 38 39 40 41 42 43 100.000 94.773 92.512 94.312 99.608 102.163 101.458 100.304 96.774 100.000 93.903 90.163 91.756 99.017 103.270 101.852 100.443 95.558 100.000 96.950 98.348 100.656 101.092 99.384 100.469 99.956 99.810 100.000 97.377 100.609 104.312 99.371 102.700 102.286 100.659 98.434 100.000 96.802 100.400 104.877 99.427 102.756 102.352 100.570 97.346 100.000 100.404 101.787 101.678 99.076 102.402 101.924 101.118 104.151 92.188 90.691 95.924 95.673 95.032 99.054 44 45 46 47 48 49 50 51 52 53 54 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.517 102.139 101.841 102.064 100.385 102.669 102.050 106.251 99.696 99.841 99.102 102.119 103.539 103.491 103.049 106.483 103.622 104.363 99.286 101.404 102.358 97.472 102.750 103.746 103.890 103.897 103.833 103.490 104.025 100.373 102.248 102.176 102.544 106.697 111.958 113.086 112.664 116.016 109.956 110.398 107.396 104.047 103.568 106.021 110.333 121.688 124.931 124.864 125.405 115.937 116.816 110.756 104.627 104.260 106.139 1. Excludes software “embedded," or bundled, In computers and other equipment. 99.995 99.970 99.901 99.743 100.960 100.091 100.240 99.256 100.007 100.096 99.641 100.318 99.722 100.334 100.600 98.576 98.639 99.437 94.023 100.618 100.649 100.495 101.742 101.878 102.202 102.822 98.035 101.300 101.982 97.346 101.672 101.426 102.686 103.185 103.549 102.871 102.832 103.134 104.757 104.624 105.553 103.000 102.004 107.100 89.829 90.802 92.721 93.709 92.818 92.353 92.097 94.290 88.918 88.323 90.863 91.814 89.651 90.076 89.693 91.572 92.111 96.959 97.347 98.426 100.660 98.010 98.068 101.033 94.741 96.674 100.567 101.587 103.610 101.810 104.059 104.277 94.260 95.704 100.561 101.748 103.586 101.829 105.144 104.739 97.293 101.670 100.730 100.906 103.842 101.828 98.938 102.100 103.955 106.019 106.995 106.887 107.680 104.282 105.129 99.309 102.916 102.915 102.919 105.138 108.175 109.132 109.244 108.288 106.477 107.054 103.126 103.610 102.954 106.308 106.168 110.907 111.647 110.954 116.501 109.592 109.148 112.469 103.779 103.404 105.324 106.814 111.986 112.894 111.650 121.655 110.374 110.890 107.343 104.207 103.707 106.269 108.666 116.764 118.672 118.810 117.620 113.381 114.500 106.644 104.593 104.207 106.184 108.563 116.713 116.972 117.355 114.165 116.252 118.011 105.540 104.463 104.361 104.857 110.527 123.025 127.675 128.087 124.649 114.781 114.406 117.511 104.248 104.231 104.288 111.008 123.406 127.247 126.569 132.174 116.596 117.676 110.132 104.779 104.165 107.326 98.508 95.685 105.512 107.103 107.795 103.845 111.235 123.608 127.831 127.444 130.633 116.120 117.171 109.840 105.019 104.281 108.087 February 2004 S urvey of 53 C u rren t B usin ess Table 1.5.4. Price Indexes for Gross Domestic Product, Expanded Detail [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Gross domestic product.... Personal consumption expenditures........................... Durable goods......................... Motor vehicles and parts..... Furniture and household equipment......................... Other.................................... Nondurable goods................... Food..................................... Clothing and shoes.............. Gasoline, fuel oil, and other energy goods................... Other.................................... Services................................... Housing................................ Household operation........... Electricity and gas........... Other household operation Transportation...................... Medical care........................ Recreation............................ Other.................................... Gross private domestic investment............................... Fixed investment................... Nonresidential..................... Structures........................ Equipment and software... Information processing equipment and software................... Computers and peripheral equipment........... Software1................ Other....................... Industrial equipment.... Transportation equipment............... Other equipment......... Residential............................ Farm..................................... 1 100.000 102.376 103.949 105.658 III 2002 2001 IV I II III IV I II 2003 III IV I II III IV 99.780 100.241 100.687 101.478 102.273 102.676 103.078 103.364 103.738 104.123 104.571 105.163 105.440 105.870 106.159 2 100.000 102.039 103.429 105.298 99.777 100.239 100.687 101.475 102.115 102.231 102.334 102.507 103.245 103.761 104.203 104.927 105.065 105.522 105.680 3 100.000 98.086 95.208 91.690 100.337 99.715 99.477 99.163 98.379 97.678 97.124 96.268 95.574 94.855 94.136 93.074 92.147 91.207 90.330 4 100.000 100.375 98.766 96.016 100.206 99.838 100.203 100.746 100.557 100.152 100.046 99.695 98.960 98.449 97.959 97.029 96.514 95.785 94.733 5 6 7 8 9 100.000 94.139 88.778 83.542 100.677 99.595 98.217 96.491 94.715 93.329 92.020 90.300 89.450 88.281 87.082 85.873 84.212 82.409 81.676 100.000 100.348 99.531 97.883 99.983 99.647 100.183 100.573 100.328 100.303 100.189 99.892 99.659 99.406 99.168 98.115 97.790 98.195 97.433 100.000 101.530 102.075 104.175 99.717 100.562 100.905 101.220 102.152 101.933 100.815 100.780 102.194 102.538 102.789 104.079 103.529 104.488 104.603 100.000 102.944 104.942 106.984 99.626 100.458 100.918 101.769 102.546 103.420 104.039 104.517 104.792 105.007 105.449 105.898 106.527 107.197 108.314 100.000 98.020 95.405 93.054 99.912 99.717 99.835 99.756 98.341 97.361 96.623 96.033 95.781 95.071 94.734 93.555 92.642 92.816 93.203 96.767 102.750 103.168 103.850 104.405 110.652 100.827 101.543 103.643 103.422 101.831 105.797 102.317 102.925 103.323 105.015 112.929 100.497 101.379 103.398 103.177 101.531 21 22 23 24 25 100.000 101.070 101.119 102.041 99.788 100.000 101.087 101.155 102.273 99.788 100.000 99.770 98.859 98.676 99.841 100.000 105.518 106.974 109.128 99.366 100.000 97.786 96.121 95.294 100.005 100.253 100.252 100.191 100.455 100.102 100.463 100.542 100.865 101.433 101.441 101.266 101.097 100.852 101.259 101.586 101.589 102.093 102.895 100.479 100.492 100.885 101.486 101.484 101.274 101.096 100.908 101.341 101.808 101.796 102.319 103.168 100.195 99.731 99.790 99.933 99.626 99.300 98.925 98.554 98.658 98.579 98.293 98.678 99.154 101.697 103.322 105.068 106.686 106.997 106.759 106.888 106.975 107.274 108.268 108.559 109.288 110.395 99.681 98.499 97.973 97.591 97.079 96.746 96.228 95.730 95.781 95.404 94.961 95.251 95.561 2/ 28 29 30 99.956 99.164 97.043 96.032 94.705 93.672 92.966 91.534 105.086 105.485 107.431 102.858 104.662 101.827 102.860 105.865 106.148 104.635 92.088 91.335 90.553 109.497 104.975 108.028 109.612 106.555 110.177 104.443 103.781 108.033 108.714 108.002 89.512 89.077 107.390 105.439 109.306 110.676 107.998 114.730 104.070 106.523 109.887 110.066 108.317 103.229 105.127 109.746 111.368 107.486 112.828 104.358 106.951 110.856 110.444 108.239 102.857 100.797 100.845 101.259 101.616 104.750 99.854 101.037 101.236 101.234 99.496 88.749 100.140 80.733 104.150 104.754 106.564 102.893 104.408 102.013 101.953 105.159 105.035 103.873 102.030 104.993 108.758 110.043 107.827 114.549 103.906 105.014 109.041 109.358 108.392 102.463 100.542 100.194 100.376 100.319 101.330 99.758 100.330 100.478 100.647 99.467 91.736 83.309 103.828 104.243 105.482 103.009 105.726 101.459 101.848 104.627 104.516 103.640 95.987 105.159 107.174 108.958 104.355 105.478 103.733 103.628 107.375 107.726 107.077 105.536 99.186 105.133 99.947 108.960 99.685 110.425 99.562 107.466 99.208 113.071 97.818 104.194 99.990 105.567 99.681 109.454 99.524 109.645 99.441 108.237 100.253 95.363 97.697 103.394 103.388 104.399 104.549 110.567 101.142 101.505 104.006 103.935 101.573 93.864 105.549 106.371 108.191 103.853 104.879 103.286 102.862 106.564 106.993 106.091 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 26 100.000 90.530 104.986 105.946 107.786 103.490 104.857 102.715 102.826 106.241 106.476 105.419 100.264 101.460 102.114 102.197 105.046 113.388 100.210 101.439 102.539 102.059 100.579 10 11 12 13 14 15 16 17 18 19 20 88.684 87.723 100.000 82.098 70.466 62.067 101.104 98.583 95.852 87.718 84.323 80.229 76.120 73.689 71.939 69.283 66.951 64.232 62.648 61.254 60.136 100.000 100.947 100.279 99.290 99.498 100.952 101.122 101.044 101.317 100.723 100.704 100.731 100.112 100.208 100.067 99.417 99.439 100.013 98.290 100.000 97.490 96.068 95.228 100.192 99.770 99.141 98.429 97.567 97.090 96.873 96.640 96.135 95.884 95.613 95.451 95.479 95.016 94.966 100.000 100.793 101.049 101.873 99.922 100.109 100.168 100.556 100.799 100.801 101.015 100.876 100.848 101.194 101.279 101.552 101.683 102.058 102.197 31 100.000 99.070 99.792 104.120 32 100.000 101.455 102.272 103.295 33 100.000 104.628 107.105 111.171 34 35 3fi 99.793 100.463 100.083 98.705 98.208 99.910 99.456 99.868 99.684 98.332 101.286 102.079 100.133 103.593 110.676 99.876 100.146 100.432 100.995 101.284 101.516 102.024 102.057 101.981 102.399 102.653 102.996 103.344 103.488 103.354 99.635 100.418 101.263 102.587 103.868 105.652 106.407 106.478 106.762 106.998 108.184 109.881 110.485 111.321 112.996 Net exports of goods and Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption investment............................... Federal..................................... National defense.................. Consumption expenditures Gross investment............. Nondefense.......................... Consumption expenditures Gross investment............. State and local......................... Consumption expenditures... Gross investment................. 37 38 39 40 41 42 43 100.000 99.628 99.273 100.000 99.316 98.668 100.000 100.400 100.740 100.000 97.537 96.519 100.000 97.035 95.345 100.000 100.177 102.665 44 45 46 47 48 49 50 51 52 53 54 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.587 102.065 102.158 102.641 98.986 101.900 102.081 100.831 102.853 103.020 102.175 105.207 104.858 104.666 105.643 98.279 105.208 106.021 100.356 105.382 105.694 104.116 101.355 99.989 100.223 100.327 100.344 100.043 99.513 100.687 100.032 100.118 100.208 100.173 99.781 99.133 102.968 99.876 100.486 100.628 100.775 100.697 100.450 100.043 99.487 100.506 100.686 99.967 98.439 97.106 98.126 99.474 100.570 100.773 99.826 98.149 96.484 110.265 99.554 100.164 100.227 100.747 99.995 100.352 98.610 98.176 99.678 94.637 93.681 99.615 102.887 102.359 102.516 103.018 99.222 102.079 102.288 100.854 103.156 103.371 102.281 103.253 102.803 102.710 103.462 97.803 102.974 103.310 100.976 103.481 103.627 102.888 108.228 107.508 107.424 108.809 98.309 107.660 108.926 99.995 108.598 109.252 105.967 1. Excludes software “embedded,” or bundled, in computers and other equipment. 99.395 99.223 99.482 99.418 99.906 98.765 98.584 99.801 99.483 99.406 99.800 100.486 100.449 100.377 100.439 99.956 100.576 100.637 100.218 100.504 100.514 100.464 101.149 100.838 100.614 100.719 99.914 101.238 101.357 100.523 101.306 101.365 101.064 101.822 101.343 101.504 101.818 99.414 101.053 101.151 100.471 102.068 102.176 101.623 102.385 101.756 101.903 102.265 99.504 101.494 101.574 101.021 102.707 102.905 101.907 98.309 99.007 99.812 99.964 100.842 101.044 97.842 98.356 99.163 99.311 100.159 100.589 99.453 100.582 101.381 101.543 102.491 102.166 94.249 96.631 97.503 97.694 100.435 99.381 93.188 95.596 96.234 96.364 99.086 97.353 99.780 102.032 104.168 104.681 107.525 110.212 104.169 104.292 104.014 104.940 97.954 104.796 105.497 100.587 104.091 104.228 103.530 105.013 104.876 104.618 105.587 98.282 105.345 106.161 100.478 105.071 105.324 104.044 105.590 105.199 105.090 106.121 98.367 105.397 106.274 100.181 105.785 106.130 104.387 106.055 105.066 104.941 105.926 98.512 105.293 106.153 100.176 106.580 107.095 104.502 107.951 107.032 106.968 108.295 98.249 107.148 108.329 100.000 108.435 109.195 105.372 107.966 107.399 107.300 108.677 98.237 107.581 108.838 99.973 108.246 108.813 105.971 101.434 100.529 103.587 100.042 97.972 111.108 102.100 101.469 103.628 100.314 98.092 112.213 108.433 107.755 107.654 109.057 98.417 107.942 109.218 100.226 108.778 109.456 106.056 108.563 107.843 107.773 109.208 98.335 107.968 109.320 99.780 108.933 109.546 106.467 Com prehensive Revision of the NIPAs 54 February 2004 Table 1.5.5. Gross Domestic Product, Expanded Detail [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Gross domestic product.... Personal consumption expenditures........................... Durable goods.......................... Motor vehicles and parts..... Furniture and household equipment......................... Other.................................... Nondurable goods................... Food..................................... Clothing and shoes.............. Gasoline, fuel oil, and other energy goods................... Other.................................... Services................................... Housing................................ Household operation........... Electricity and aas........... Other household operation Transportation...................... Medical care......................... Recreation............................ Other.................................... Gross private domestic investment............................... Fixed investment................... Nonresidential..................... Structures......................... Equipment and software... Information processing equipment and software.................... Computers and peripheral equipment........... Software'................ Other........................ Industrial equipment.... Transportation equipment............... Other equipment......... Residential............................ Change in private inventories Farm..................................... Nonfarm................................ Net exports of goods and services................................... Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Consumption expenditures Gross investment............. Nondefense.......................... Consumption expenditures Gross investment............. State and local.......................... Consumption expenditures... Gross investment................. 1 9,817.0 10,100.8 10,480.8 10,983.9 9,822.8 9,862.1 IV I II 2002 III IV I II 2003 III IV I II III IV 9,953.6 10,024.8 10,088.2 10,096.2 10,193.9 10,329.3 10,428.3 10,542.0 10,623.7 10,735.8 10,846.7 11,107.0 11,246.3 2 6,739.4 7,045.4 7,385.3 7,752.3 6,688.1 6,783.9 6,871.6 6,934.3 7,017.4 7,058.1 7,171.6 7,256.5 7,355.5 7,428.2 7,501.2 7,600.7 7,673.6 7,836.3 7,898.4 919.6 914.9 913.6 907.3 898.2 926.2 975.1 967.8 941.8 854.2 861.3 860.9 862.0 875.3 870.6 909.3 3 863.3 881.9 911.3 430.4 423.6 376.9 382.6 384.3 387.4 403.5 398.5 438.1 425.2 415.7 421.1 410.4 402.1 414.5 447.2 4 418.1 386.5 406.9 346.4 313.4 314.7 312.2 311.3 309.5 310.8 316.4 321.7 324.6 323.3 325.3 321.8 329.9 339.9 334.5 5 312.9 312.0 323.7 164.1 164.4 165.1 168.0 169.0 191.0 169.4 183.8 163.8 163.2 162.3 161.3 169.1 171.6 174.3 181.8 188.0 6 163.9 163.0 7 1,947.2 2,013.6 2,086.0 2,208.3 1,938.3 1,965.8 1,990.5 1,998.6 2,011.5 2,021.8 2,022.6 2,051.8 2,082.5 2,090.5 2,119.2 2,175.7 2,170.8 2,230.0 2,256.9 922.1 932.0 939.7 977.5 996.0 1,003.6 1,006.3 1,016.4 1,037.4 1,049.7 1,074.9 1,094.7 925.2 953.1 959.5 968.3 8 964.6 1,005.6 1,064.2 306.4 315.1 317.3 298.7 300.3 301.6 299.5 295.5 305.0 304.5 301.9 304.8 307.5 297.7 304.4 311.2 296.1 296.3 9 297.5 10 191.5 188.5 11 532.9 563.1 12 3,928.8 4,149.8 13 1,006.5 1,073.7 407.4 14 390.1 15 143.3 156.2 16 246.8 251.2 17 291.3 294.0 18 1,026.8 1,109.9 19 268.3 283.8 20 945.9 980.9 164.4 208.7 193.7 200.8 200.4 167.3 188.6 198.9 187.3 180.4 624.3 531.5 539.9 548.4 547.1 556.1 569.9 579.2 586.5 595.6 4,388.0 4,602.1 3,895.6 3,956.7 4,020.3 4,073.8 4,130.5 4,165.7 4,229.4 4,289.7 998.8 1,013.6 1,029.6 1,047.4 1,065.6 1,082.1 1,099.8 1,120.0 1,144.6 1,198.6 385.4 393.7 409.4 406.7 400.5 426.3 417.0 409.5 396.5 408.2 138.7 145.4 146.5 164.5 160.6 170.3 157.6 153.4 143.5 152.3 246.7 254.0 261.8 246.7 248.3 248.8 251.9 253.3 253.0 255.9 294.7 293.8 290.9 292.5 296.6 296.3 293.0 290.3 293.3 292.8 1,202.7 1,302.2 1,017.0 1,036.9 1,055.2 1,077.7 1,098.5 1,120.7 1,142.9 1,167.5 271.8 274.4 296.6 319.3 266.1 278.9 281.3 284.8 290.3 303.3 948.2 956.2 979.5 978.4 1,009.7 1,011.8 1,036.4 1,061.9 937.3 956.9 183.2 180.9 593.5 599.0 4,363.6 4,424.1 1,137.7 1,152.9 409.7 409.9 153.8 152.8 257.1 255.8 291.7 294.8 1,191.2 1,212.3 305.2 301.5 1,028.9 1,052.1 222.4 193.0 196.9 603.4 611.1 616.7 4,474.7 4,526.8 4,576.6 1,167.7 1,181.5 1,191.4 412.9 424.2 422.6 156.0 163.1 163.9 256.9 259.5 260.3 291.5 292.3 292.8 1,239.8 1,263.1 1,289.2 309.7 312.6 317.2 1,053.0 1,054.7 1,061.9 206.4 209.2 638.4 630.8 4,631.2 4,673.8 1,204.9 1,216.4 429.9 428.5 165.3 165.8 262.7 264.6 294.9 295.3 1,315.1 1,341.4 326.4 321.3 1,066.2 1,064.8 21 1,735.5 1,607.2 1,589.2 1,667.5 1,781.7 1,749.0 1,738.9 1,688.3 1,620.3 1,594.3 1,526.1 1,553.1 1,580.9 1,608.2 1,614.7 1,605.3 1,624.3 1,689.1 1,751.5 22 1,679.0 1,643.4 1,583.9 1,670.8 1,685.4 1,690.6 1,697.5 1,686.2 1,652.7 1,640.3 1,594.2 1,580.8 1,580.4 1,579.7 1,594.6 1,606.2 1,630.1 1,699.5 1,747.5 23 1,232.1 1,174.1 1,080.2 1,108.0 1,236.5 1,247.5 1,250.3 1,230.3 1,186.9 1,162.9 1,116.4 1,092.7 1,080.4 1,073.4 1,074.3 1,071.8 1,086.9 1,124.4 1,148.9 259.4 310.4 326.4 327.2 334.1 280.0 269.6 256.3 259.2 260.5 24 258.9 321.1 326.0 300.6 256.1 259.8 313.2 322.1 266.3 812.7 888.4 924.2 810.8 814.0 817.9 815.8 827.7 849.1 926.1 926.5 903.9 859.6 828.8 815.8 864.6 25 918.9 852.0 813.9 26 467.6 436.4 421.3 463.4 466.5 473.6 484.0 468.3 442.3 421.6 413.3 413.0 418.8 429.4 424.1 436.2 451.2 477.0 488.9 27 28 29 30 101.4 176.2 190.0 159.2 85.2 173.4 177.7 146.2 83.3 167.9 170.1 137.5 97.1 181.0 185.2 133.2 103.5 174.8 188.1 159.5 103.8 177.9 191.9 162.1 102.2 183.2 198.5 159.3 97.1 181.3 189.8 160.9 88.1 175.9 178.3 148.1 77.4 170.9 173.3 140.5 78.3 165.6 169.4 135.1 81.5 164.5 167.0 141.5 81.2 165.9 171.6 136.1 85.4 171.6 172.4 136.6 84.9 169.8 169.3 135.6 86.8 173.4 175.9 133.4 93.5 177.6 180.1 133.2 101.8 185.1 190.2 134.1 106.5 187.8 194.7 132.0 31 32 33 34 35 36 160.8 131.2 446.9 56.5 -1.3 57.8 141.3 128.2 469.2 -36.1 0.1 -36.2 128.0 127.1 503.7 5.4 -3.4 8.7 120.2 132.4 562.8 -3.3 -3.1 -0.2 166.7 133.4 448.8 96.3 3.3 93.0 160.3 130.6 443.1 58.4 -0.8 59.2 150.8 130.1 447.2 41.4 3.7 37.7 142.3 132.4 455.9 2.0 3.3 -1.3 141.7 127.5 465.8 -32.4 -4.4 -28.0 137.8 128.8 477.4 -46.0 0.2 -46.2 143.2 124.2 477.8 -68.1 1.3 -69.4 134.9 123.3 488.2 -27.8 0.4 -28.2 128.3 127.6 500.0 0.5 -3.0 3.5 119.9 128.1 506.3 28.6 -6.1 34.7 128.8 129.4 520.3 20.2 -4.8 25.0 119.8 126.3 534.4 -0.9 0.2 -1.2 115.3 128.1 543.2 -5.8 -2.7 -3.0 117.8 135.7 575.1 -10.5 -4.3 -6.2 127.9 139.6 598.6 4.0 -5.6 9.6 37 -379.5 -366.5 -426.3 -491.5 -366.9 -400.7 -403.9 -381.3 -368.2 -364.9 -351.7 970.8 38 1,096.3 1,035.1 1,006.8 1,048.1 1,091.8 1,122.4 1,115.8 1,103.1 1,061.1 1,005.4 800.4 724.7 776.9 810.9 788.9 747.6 704.9 684.5 39 784.3 731.5 697.8 309.1 315.0 311.5 315.4 40 311.9 303.6 323.3 314.2 313.5 300.5 286.4 41 1,475.8 1,401.7 1,433.1 1,539.6 1,458.7 1,523.1 1,519.7 1,484.4 1,429.3 1,370.4 1,322.5 42 1,243.5 1,168.0 1,190.3 1,279.1 1,229.6 1,284.9 1,282.3 1,247.8 1,187.4 1,139.5 1,097.4 225.1 242.7 260.4 229.1 238.3 237.3 236.6 241.9 230.9 43 232.3 233.6 -365.6 -427.3 -435.9 -476.1 -487.6 -505.5 -490.6 -482.5 978.5 1,006.3 1,025.3 1,017.2 1,021.0 1,020.2 1,048.5 1,102.6 677.7 714.1 722.1 761.5 700.9 698.3 707.6 707.7 305.4 300.8 311.2 341.0 318.8 313.3 312.5 326.4 1,344.1 1,433.6 1,461.3 1,493.3 1,508.5 1,525.7 1,539.0 1,585.0 1,108.5 1,194.9 1,217.1 1,240.8 1,254.2 1,272.4 1,275.6 1,314.4 270.7 235.6 238.7 244.1 252.5 254.3 253.3 263.5 44 1,721.6 1,814.7 1,932.5 2,055.7 1,720.0 1,729.9 1,746.9 1,783.5 1,818.8 1,808.8 1,847.8 1,885.4 1,919.3 1,941.5 1,983.9 2,017.4 2,054.2 2,072.1 2,078.8 673.2 586.6 581.2 582.0 597.5 609.8 613.3 652.9 681.8 710.0 723.0 764.7 769.6 771.5 45 578.8 612.9 679.5 757.2 630.8 375.2 384.1 388.2 406.9 420.3 432.5 439.3 510.1 46 497.0 371.3 373.8 392.8 461.1 463.3 507.3 507.2 370.3 393.0 438.3 326.2 325.7 368.5 447.4 47 382.7 322.1 336.6 338.1 341.3 355.5 376.6 380.9 404.6 408.6 447.5 443.7 321.5 342.8 436.8 58.4 62.7 55.7 49.0 49.3 48.1 47.6 50.1 51.6 51.4 51.8 55.9 56.6 54.7 59.8 48 48.8 50.2 60.2 63.5 211.4 240.7 261.4 49 209.9 208.2 213.4 221.6 220.5 223.9 232.6 242.5 248.9 259.7 257.4 262.4 208.5 219.9 241.2 260.2 178.9 179.4 179.2 183.4 189.8 193.1 200.8 206.0 209.5 227.3 221.4 227.8 50 177.8 188.8 208.1 226.3 189.0 216.1 228.5 32.5 32.7 30.7 30.7 31.8 34.6 33.0 32.7 32.4 33.6 30.7 30.5 29.0 30.0 36.0 33.8 51 31.0 33.0 33.9 52 1,142.8 1,201.8 1,253.1 1,298.5 1,133.4 1,148.6 1,164.9 1,185.9 1,209.0 1,195.4 1,217.1 1,232.5 1,246.1 1,259.7 1,273.9 1,294.5 1,289.6 1,302.5 1,307.4 923.4 971.1 984.8 910.8 936.3 951.1 963.3 978.8 999.5 1,010.1 1,024.2 1,045.8 1,040.9 1,046.3 1,048.4 53 917.8 966.1 1,004.6 1,045.3 224.4 247.7 249.7 248.7 54 248.4 253.1 222.6 225.3 228.6 234.8 245.6 238.3 246.6 249.6 248.7 256.2 259.0 225.0 235.8 1. Excludes software “embedded,” or bundled, in computers and other equipment. III 2001 February 2004 S urvey of 55 C urrent B u sin ess Table 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Gross domestic product.... Personal consumption expenditures........................... Durable goods......................... Motor vehicles and parts..... Furniture and household equipment........................ Other.................................... Nondurable goods................... Food..................................... Clothing and shoes.............. Gasoline, fuel oil, and other energy goods.................... Other.................................... Services................................... Housing................................ Household operation........... Electricity and gas........... Other household operation Transportation...................... Medical care......................... Recreation............................ Other.................................... Gross private domestic investment............................... Fixed investment................... Nonresidential..................... Structures........................ Equipment and software... Information processing equipment and software................... Computers and peripheral equipment1.......... Software2................ Other....................... Industrial equipment.... Transportation equipment............... Other equipment......... Residential............................ Change in private inventories Farm..................................... Nonfarm................................ Net exports of goods and services................................... Exports..................................... Goods................................... Services............................... Imports..................................... Goods................................... Services............................... Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Consumption expenditures Gross investment............. Nondefense......................... Consumption expenditures Gross investment............. State and local......................... Consumption expenditures... Gross investment................. Residual....................................... III 2002 2001 IV I II III IV I II 2003 III IV I II III IV 1 9,817.0 9,866.6 10,083.0 10,397.2 9,847.9 9,836.6 9,887.7 9,882.2 9,866.3 9,834.6 9,883.6 9,997.9 10,045.1 10,128.4 10,160.8 10,210.4 10,288.3 10,493.1 10,597.1 2 6,739.4 6,904.6 7,140.4 7,362.2 6,703.3 6,768.0 6,825.0 6,833.7 6,872.2 6,904.2 7,008.2 7,079.2 7,124.5 7,159.2 7,198.9 7,244.1 7,304.0 7,426.6 7,474.2 3 863.3 899.1 957.2 1,027.6 851.3 863.8 865.4 869.1 889.6 891.1 946.6 950.3 951.4 963.1 963.8 965.0 1,005.1 1,069.1 1,071.4 4 376.1 383.2 383.5 386.5 405.4 423.3 441.3 384.5 401.3 397.9 437.8 426.5 420.1 427.8 419.0 414.5 429.5 466.9 454.3 5 312.9 6 163.9 7 1,947.2 8 925.2 9 297.7 331.4 364.7 400.7 315.9 311.3 317.8 322.5 326.7 332.9 343.7 356.2 362.8 366.2 374.7 391.7 412.4 424.0 373.5 162.4 170.2 187.7 164.7 163.9 164.1 162.3 161.7 160.8 164.8 168.2 169.6 185.9 191.4 196.1 170.1 173.0 177.6 1,983.3 2,043.6 2,119.8 1,944.0 1,955.0 1,972.7 1,974.5 1,969.1 1,983.4 2,006.2 2,035.9 2,037.8 2,038.8 2,061.8 2,090.5 2,096.9 2,134.3 2,157.6 937.0 958.2 927.8 931.2 935.7 957.7 958.4 994.6 925.6 936.5 936.3 939.6 952.9 985.4 1,002.8 1,010.7 963.9 979.6 296.4 303.5 319.1 334.4 302.1 300.2 304.2 317.9 340.4 301.1 300.5 309.1 317.6 317.6 323.4 325.7 339.5 331.9 10 190.2 191.5 194.8 199.3 197.6 189.1 189.1 191.4 203.4 194.7 195.2 198.1 200.5 197.5 195.1 201.0 203.1 192.9 199.9 11 532.9 548.0 567.3 593.8 531.9 537.1 544.1 539.4 567.5 607.3 543.6 551.3 557.9 563.1 564.8 573.8 582.2 587.4 598.3 12 3,928.8 4,022.4 4,141.8 4,223.8 3,908.2 3,949.3 3,986.8 3,989.6 4,013.3 4,029.3 4,057.4 4,095.3 4,137.0 4,159.4 4,175.4 4,190.7 4,208.4 4,237.2 4,259.0 13 1,006.5 1,033.9 1,061.9 1,085.4 1,003.3 1,009.9 1,016.9 1,025.0 1,031.4 1,036.5 1,042.7 1,051.1 1,059.0 1,065.7 1,071.7 1,078.0 1,082.8 1,088.7 1,092.3 14 390.1 390.2 394.5 396.7 388.6 392.5 403.0 397.1 384.9 389.2 394.7 389.9 389.0 398.3 393.4 396.8 400.0 395.6 396.6 15 141.2 143.3 145.2 145.5 142.0 143.8 153.6 150.4 139.7 138.8 135.8 140.4 147.0 145.7 147.9 148.0 143.1 144.5 146.5 16 246.8 249.2 249.2 251.2 246.8 248.9 249.2 246.2 250.6 250.5 249.4 249.0 251.2 252.4 253.6 248.9 247.6 248.5 250.5 17 291.3 289.6 284.8 278.3 291.9 291.6 291.7 292.4 287.7 275.7 292.2 288.6 285.1 286.5 283.6 277.2 281.3 281.6 278.8 18 1,026.8 1,070.9 1,132.1 1,189.7 1,022.0 1,032.1 1,042.5 1,051.1 1,062.5 1,077.6 1,092.5 1,110.4 1,125.3 1,137.8 1,154.8 1,169.3 1,182.4 1,196.9 1,210.2 19 268.3 274.4 284.8 291.3 267.6 271.1 272.7 274.1 270.1 273.3 277.7 282.4 284.0 285.3 291.9 295.5 287.5 287.5 290.1 961.7 20 945.9 963.3 983.2 981.1 934.9 953.2 974.1 991.7 950.8 964.8 963.4 974.3 983.4 979.7 984.3 983.8 983.5 976.6 21 1,735.5 1,590.6 1,572.0 1,635.7 1,788.6 1,742.6 1,732.7 1,682.2 1,608.5 1,573.1 1,498.4 1,538.2 1,555.8 1,598.2 1,595.8 1,581.6 1,599.9 1,656.1 1,705.3 22 1,679.0 1,625.7 1,565.8 1,633.5 1,689.1 1,686.4 1,689.4 1,677.8 1,638.0 1,616.1 1,570.7 1,560.9 1,563.2 1,565.4 1,573.5 1,577.7 1,601.4 1,661.0 1,693.9 23 1,232.1 1,176.8 1,092.6 1,122.8 1,238.6 1,245.2 1,247.9 1,233.6 1,189.4 1,163.7 1,120.6 1,100.4 1,092.1 1,089.1 1,088.9 1,087.3 1,105.8 1,139.5 1,158.7 24 319.7 313.2 305.2 249.0 237.2 312.5 320.6 315.8 311.3 313.1 280.8 262.2 252.2 242.4 237.7 235.9 239.0 236.5 238.8 25 918.9 871.3 846.7 891.0 926.0 925.5 927.3 917.8 877.6 849.4 840.5 840.0 842.6 850.3 907.7 929.6 853.9 855.0 871.6 26 467.6 457.6 459.3 522.1 465.7 473.8 488.1 482.8 460.8 445.4 441.4 444.2 454.7 470.0 468.2 487.2 506.4 537.7 557.1 n 28 29 30 176.2 190.0 159.2 171.8 182.3 145.0 167.5 177.1 136.1 182.3 194.5 130.7 175.8 187.7 159.7 176.2 192.3 161.9 181.2 200.2 159.0 179.5 192.9 160.0 173.7 182.8 146.9 169.7 178.5 139.4 164.4 175.0 133.8 163.3 172.9 140.3 165.7 178.5 135.0 171.2 179.8 135.0 169.7 177.1 133.9 174.4 184.3 131.4 178.6 188.6 131.0 185.0 200.2 131.4 191.0 205.0 129.1 31 32 33 34 35 36 160.8 131.2 446.9 56.5 -1.3 57.8 142.6 126.4 448.5 -36.0 0.2 -36.3 128.2 124.3 470.3 5.7 -3.3 9.3 115.5 128.2 506.1 -1.5 -1.6 0.4 167.0 133.6 450.4 99.3 6.1 93.2 159.5 130.4 441.2 56.2 -2.7 58.8 150.7 129.6 441.6 43.5 5.7 37.8 144.2 131.1 444.4 4.3 6.2 -2.1 144.3 125.9 448.5 -28.8 -1.9 -27.0 137.9 126.9 451.9 -44.0 1.6 -45.8 143.9 121.7 449.0 -75.5 -5.2 -70.3 135.0 120.8 458.5 -23.5 5.0 -28.6 128.7 125.1 468.4 -8.0 -11.8 4.2 122.0 125.1 473.2 32.8 -3.0 36.0 127.2 126.1 481.0 21.5 -3.5 25.4 117.4 122.6 486.4 1.6 1.2 0.3 115.1 123.9 491.7 -4.5 -2.0 -2.4 113.7 131.1 516.7 -9.1 -2.8 -5.9 115.6 135.1 529.8 6.1 -2.7 9.7 3 / -379.5 -398.1 -470.6 -505.5 -374.5 -395.6 -397.2 -385.9 -391.7 -401.3 -413.4 -431.2 -467.6 -471.9 -511.5 -490.0 -526.0 -505.2 -500.7 995.4 1,016.5 1,027.3 1,017.5 1,012.4 1,009.6 1,033.7 1,079.9 38 1,096.3 1,039.0 1,014.2 1,033.9 1,092.0 1,120.0 1,112.3 1,099.6 1,060.9 1,010.6 984.8 707.2 719.7 39 784.3 736.5 776.6 810.0 697.4 712.7 718.2 750.5 798.9 787.8 749.5 711.3 692.8 720.1 703.2 706.5 703.5 313.4 40 311.9 302.4 306.8 314.0 315.3 310.0 299.2 303.7 305.7 315.2 329.1 311.8 311.3 287.3 302.5 307.0 314.0 305.9 41 1,475.8 1,437.1 1,484.7 1,539.4 1,466.5 1,515.6 1,509.5 1,485.5 1,452.7 1,411.9 1,398.2 1,426.7 1,484.1 1,499.2 1,529.0 1,502.5 1,535.7 1,538.9 1,580.6 42 1,243.5 1,203.7 1,248.4 1,304.1 1,236.3 1,277.7 1,272.7 1,250.6 1,210.5 1,181.7 1,172.1 1,190.1 1,250.4 1,265.2 1,288.1 1,266.2 1,307.4 1,302.4 1,340.4 232.3 233.2 236.4 236.2 230.1 237.9 234.9 241.9 234.4 241.2 43 236.8 230.1 226.0 236.2 234.0 241.2 236.5 229.8 237.2 44 1,721.6 1,768.9 1,836.9 1,899.5 1,730.5 1,721.5 1,727.1 1,751.6 1,776.4 1,758.1 1,789.7 1,810.1 1,827.8 1,838.9 1,870.8 1,869.0 1,902.8 1,911.1 1,915.0 45 578.8 600.5 648.0 704.3 591.2 578.6 577.2 589.7 715.4 599.3 599.3 613.6 626.1 641.9 648.2 675.8 675.5 712.0 714.3 370.3 384.7 462.6 377.1 369.9 473.4 46 418.8 371.5 378.5 380.9 383.2 396.2 404.1 413.4 433.2 472.8 471.2 418.1 439.5 320.7 47 321.5 334.0 362.2 401.4 328.1 323.4 351.2 356.7 409.7 330.6 330.6 331.3 343.6 358.9 382.0 377.3 411.8 406.9 48.8 50.7 61.2 59.4 48 56.6 49.0 49.3 48.1 47.9 50.3 52.0 52.6 52.9 57.4 55.7 60.8 64.5 63.8 56.9 49 208.5 215.8 229.2 241.7 214.0 208.7 205.6 211.2 218.4 216.0 217.4 222.0 228.5 230.1 236.4 242.4 239.3 243.1 242.1 50 177.8 185.0 196.3 207.7 181.5 178.2 176.8 181.3 186.0 185.6 186.9 190.4 194.1 197.2 203.4 209.3 208.4 203.6 209.9 30.7 30.4 51 30.8 32.9 34.0 32.6 32.4 30.4 30.4 34.5 32.7 33.7 28.8 29.8 31.6 32.9 32.4 36.0 33.8 52 1,142.8 1,168.5 1,189.1 1,195.7 1,139.3 1,142.9 1,149.9 1,161.9 1,177.1 1,158.9 1,176.1 1,184.1 1,186.0 1,190.9 1,195.3 1,193.8 1,191.4 1,197.4 1,200.2 937.7 918.7 957.1 53 917.8 950.5 956.9 916.3 923.7 930.9 936.2 939.4 944.5 944.9 949.0 951.8 956.4 957.8 956.6 956.0 224.2 243.2 54 225.0 230.8 238.6 238.9 223.0 219.4 231.6 239.2 237.0 239.2 234.7 241.5 226.2 231.1 241.0 239.0 236.0 1.1 -18.7 -0.2 -0.3 -4.1 -27.4 -32.2 55 0.1 -3.3 0.2 0.9 -0.3 3.7 0.5 -0.6 -11.5 -4.6 -2.5 -4.5 1. The quantity index for computers can be used to accurately measure the real growth of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component's relative importance or its contribution to the growth rate of more aggregate series; accurate estimates of these contributions are shown in table 1.5.2 and real growth rates are shown in table 1.5.1. 2. Excludes software “embedded,” or bundled, in computers and other equipment. N ote . The residual line is the difference between the first line and the sum of the most detailed lines. 56 Com prehensive Revision of the NIPAs February 2004 Table 1.6.4. Price Indexes for Gross Domestic Purchases [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Gross domestic purchases... Personal consumption expenditures........................... Durable goods.......................... Motor vehicles and parts..... Furniture and household equipment......................... Other.................................... Nondurable goods................... Food..................................... Clothing and shoes.............. Gasoline, fuel oil, and other energy goods................... Other.................................... Services................................... Housing................................ Household operation........... Electricity and gas........... Other household operation Transportation...................... Medical care......................... Recreation............................ Other.................................... Gross private domestic investment............................... Fixed investment................... Nonresidential..................... Structures........................ Equipment and software... Information processing equipment and software................... Computers and peripheral equipment........... Software1................ Other....................... Industrial equipment.... Transportation equipment............... Other equipment......... Residential............................ Nonfarm................................ Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Consumption expenditures Gross investment............. Nondefense.......................... Consumption expenditures Gross investment............. State and local........................ Consumption expenditures Gross investment............. Addenda: Final sales of computers to domestic purchasers2......... Gross domestic purchases excluding final sales of computers to domestic purchasers............................ Food......................................... Energy goods and services..... Gross domestic purchases excluding food and energy.... Gross domestic product.......... Gross domestic product excluding final sales of computers................... Food................................. Energy goods and services........................ Gross domestic product excluding food and energy.......................... Final sales of domestic product Final sales to domestic purchasers............................ 1 100.000 101.974 103.374 105.302 IV I II 2002 III IV I II 2003 III IV I II III IV 99.714 100.283 100.727 101.381 101.958 102.211 102.346 102.592 103.213 103.625 104.065 104.934 105.031 105.496 105.747 2 100.000 102.039 103.429 105.298 99.777 100.239 100.687 101.475 102.115 102.231 102.334 102.507 103.245 103.761 104.203 104.927 105.065 105.522 105.680 3 100.000 98.086 95.208 91.690 100.337 99.715 99.477 99.163 98.379 97.678 97.124 96.268 95.574 94.855 94.136 93.074 92.147 91.207 90.330 4 100.000 100.375 98.766 96.016 100.206 99.838 100.203 100.746 100.557 100.152 100.046 99.695 98.960 98.449 97.959 97.029 96.514 95.785 94.733 5 6 7 8 9 100.000 94.139 88.778 83.542 100.677 99.595 98.217 96.491 94.715 93.329 92.020 90.300 89.450 88.281 87.082 85.873 84.212 82.409 81.676 100.000 100.348 99.531 97.883 99.983 99.647 100.183 100.573 100.328 100.303 100.189 99.892 99.659 99.406 99.168 98.115 97.790 98.195 97.433 100.000 101.530 102.075 104.175 99.717 100.562 100.905 101.220 102.152 101.933 100.815 100.780 102.194 102.538 102.789 104.079 103.529 104.488 104.603 100.000 102.944 104.942 106.984 99.626 100.458 100.918 101.769 102.546 103.420 104.039 104.517 104.792 105.007 105.449 105.898 106.527 107.197 108.314 100.000 98.020 95.405 93.054 99.912 99.717 99.835 99.756 98.341 97.361 96.623 96.033 95.781 95.071 94.734 93.555 92.642 92.816 93.203 10 11 12 13 14 15 16 17 18 19 20 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 105.536 99.186 105.133 99.947 108.960 99.685 110.425 99.562 107.466 99.208 113.071 97.818 104.194 99.990 105.567 99.681 109.454 99.524 109.645 99.441 108.237 100.253 102.463 100.542 100.194 100.376 100.319 101.330 99.758 100.330 100.478 100.647 99.467 102.857 100.797 100.845 101.259 101.616 104.750 99.854 101.037 101.236 101.234 99.496 21 22 23 24 25 100.000 101.070 101.119 102.041 99.788 100.000 101.087 101.155 102.273 99.788 100.000 99.770 98.859 98.676 99.841 100.000 105.518 106.974 109.128 99.366 100.000 97.786 96.121 95.294 100.005 100.253 100.252 100.191 100.455 100.102 100.463 100.542 100.865 101.433 101.441 101.266 101.097 100.852 101.259 101.586 101.589 102.093 102.895 100.479 100.492 100.885 101.486 101.484 101.274 101.096 100.908 101.341 101.808 101.796 102.319 103.168 100.195 99.731 99.790 99.933 99.626 99.300 98.925 98.554 98.658 98.579 98.293 98.678 99.154 101.697 103.322 105.068 106.686 106.997 106.759 106.888 106.975 107.274 108.268 108.559 109.288 110.395 99.681 98.499 97.973 97.591 97.079 96.746 96.228 95.730 95.781 95.404 94.961 95.251 95.561 26 100.000 2/ 28 29 30 96.767 102.750 103.168 103.850 104.405 110.652 100.827 101.543 103.643 103.422 101.831 95.363 90.530 104.986 105.946 107.786 103.490 104.857 102.715 102.826 106.241 106.476 105.419 91.736 88.749 100.140 99.956 99.164 100.264 101.460 102.114 102.197 105.046 113.388 100.210 101.439 102.539 102.059 100.579 97.043 105.797 102.317 102.925 103.323 105.015 112.929 100.497 101.379 103.398 103.177 101.531 96.032 97.697 103.394 103.388 104.399 104.549 110.567 101.142 101.505 104.006 103.935 101.573 94.705 83.309 103.828 104.243 105.482 103.009 105.726 101.459 101.848 104.627 104.516 103.640 93.672 80.733 104.150 104.754 106.564 102.893 104.408 102.013 101.953 105.159 105.035 103.873 92.966 91.534 105.086 105.485 107.431 102.858 104.662 101.827 102.860 105.865 106.148 104.635 92.088 93.864 105.549 106.371 108.191 103.853 104.879 103.286 102.862 106.564 106.993 106.091 91.335 95.987 105.159 107.174 108.958 104.355 105.478 103.733 103.628 107.375 107.726 107.077 90.553 109.497 104.975 108.028 109.612 106.555 110.177 104.443 103.781 108.033 108.714 108.002 89.512 102.030 104.993 108.758 110.043 107.827 114.549 103.906 105.014 109.041 109.358 108.392 89.077 107.390 105.439 109.306 110.676 107.998 114.730 104.070 106.523 109.887 110.066 108.317 88.684 103.229 105.127 109.746 111.368 107.486 112.828 104.358 106.951 110.856 110.444 108.239 87.723 100.000 82.098 70.466 62.067 101.104 98.583 95.852 87.718 84.323 80.229 76.120 73.689 71.939 69.283 66.951 64.232 62.648 61.254 60.136 100.000 100.947 100.279 99.290 99.498 100.952 101.122 101.044 101.317 100.723 100.704 100.731 100.112 100.208 100.067 99.417 99.439 100.013 98.290 100.000 97.490 96.068 95.228 100.192 99.770 99.141 98.429 97.567 97.090 96.873 96.640 96.135 95.884 95.613 95.451 95.479 95.016 94.966 100.000 100.793 101.049 101.873 99.922 100.109 100.168 100.556 100.799 100.801 101.015 100.876 100.848 101.194 101.279 101.552 101.683 102.058 102.197 31 100.000 99.070 99.792 104.120 32 100.000 101.455 102.272 103.295 33 100.000 104.628 107.105 111.171 M 99.793 100.463 100.083 98.705 98.208 99.910 99.456 99.868 99.684 98.332 101.286 102.079 100.133 103.593 110.676 99.876 100.146 100.432 100.995 101.284 101.516 102.024 102.057 101.981 102.399 102.653 102.996 103.344 103.488 103.354 99.635 100.418 101.263 102.587 103.868 105.652 106.407 106.478 106.762 106.998 108.184 109.881 110.485 111.321 112.996 36 37 38 39 40 41 42 43 44 45 46 47 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.587 102.065 102.158 102.641 98.986 101.900 102.081 100.831 102.853 103.020 102.175 105.207 104.858 104.666 105.643 98.279 105.208 106.021 100.356 105.382 105.694 104.116 48 100.000 79.262 65.658 99.395 99.223 99.482 99.418 99.906 98.765 98.584 99.801 99.483 99.406 99.800 100.486 100.449 100.377 100.439 99.956 100.576 100.637 100.218 100.504 100.514 100.464 101.149 100.838 100.614 100.719 99.914 101.238 101.357 100.523 101.306 101.365 101.064 101.822 101.343 101.504 101.818 99.414 101.053 101.151 100.471 102.068 102.176 101.623 102.385 101.756 101.903 102.265 99.504 101.494 101.574 101.021 102.707 102.905 101.907 102.887 102.359 102.516 103.018 99.222 102.079 102.288 100.854 103.156 103.371 102.281 103.253 102.803 102.710 103.462 97.803 102.974 103.310 100.976 103.481 103.627 102.888 104.169 104.292 104.014 104.940 97.954 104.796 105.497 100.587 104.091 104.228 103.530 105.013 104.876 104.618 105.587 98.282 105.345 106.161 100.478 105.071 105.324 104.044 105.590 105.199 105.090 106.121 98.367 105.397 106.274 100.181 105.785 106.130 104.387 106.055 105.066 104.941 105.926 98.512 105.293 106.153 100.176 106.580 107.095 104.502 107.951 107.032 106.968 108.295 98.249 107.148 108.329 100.000 108.435 109.195 105.372 107.966 107.399 107.300 108.677 98.237 107.581 108.838 99.973 108.246 108.813 105.971 108.433 107.755 107.654 109.057 98.417 107.942 109.218 100.226 108.778 109.456 106.056 108.563 107.843 107.773 109.208 98.335 107.968 109.320 99.780 108.933 109.546 106.467 56.185 101.478 98.073 94.650 86.147 81.667 76.850 72.385 69.226 67.220 64.571 61.613 58.959 56.985 54.951 53.846 108.228 107.508 107.424 108.809 98.309 107.660 108.926 99.995 108.598 109.252 105.967 49 100.000 102.316 103.971 106.130 50 100.000 102.921 104.841 106.832 51 100.000 102.181 96.072 108.633 99.688 100.314 100.815 101.607 102.263 102.593 102.801 103.109 103.777 104.246 104.752 105.691 105.832 106.355 106.640 99.638 100.435 100.912 101.757 102.533 103.391 104.003 104.503 104.748 104.841 105.274 105.751 106.384 107.042 108.150 98.155 101.959 104.199 106.382 108.266 102.317 91.761 89.960 96.435 98.030 99.863 110.972 106.843 109.714 107.003 52 100.000 101.864 103.557 104.996 53 100.000 102.376 103.949 105.658 99.793 100.191 100.549 101.110 101.602 102.078 102.663 102.976 103.364 103.755 104.132 104.585 104.811 105.151 105.439 99.780 100.241 100.687 101.478 102.273 102.676 103.078 103.364 103.738 104.123 104.571 105.163 105.440 105.870 106.159 54 100.000 102.661 104.462 106.357 55 100.000 103.083 105.072 107.316 99.759 100.272 100.753 101.674 102.528 102.991 103.452 103.800 104.221 104.661 105.164 105.806 106.120 106.597 106.905 99.694 100.350 100.982 101.827 102.647 103.688 104.168 104.659 104.881 105.178 105.570 105.993 106.771 107.501 108.998 56 100.000 109.591 101.024 109.606 100.013 100.838 101.539 108.867 115.966 110.395 103.136 100.535 100.397 100.726 102.436 107.947 109.705 112.103 108.670 b / 100.000 102.059 103.928 105.353 58 100.000 102.381 103.955 105.695 99.782 100.210 100.627 101.194 101.775 102.306 102.962 103.322 103.729 104.125 104.537 104.987 105.162 105.498 105.767 99.779 100.241 100.691 101.473 102.279 102.687 103.086 103.365 103.737 104.132 104.585 105.198 105.474 105.906 106.202 59 100.000 101.978 103.379 105.337 99.714 100.283 100.732 101.375 101.963 102.222 102.353 102.594 103.212 103.633 104.077 104.968 105.062 105.531 105.789 1. Excludes software “embedded,” or bundled, in computers and other equipment. 2. For some components of final sales of computers, includes computer parts. III 2001 February 2004 S urvey 57 C urrent B u sin ess of Table 1.6.7. Percent Change From Preceding Period in Prices for Gross Domestic Purchases [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Gross domestic purchases... Personal consumption expenditures........................... Durable goods.......................... Motor vehicles and parts..... Furniture and household equipment......................... Other.................................... Nondurable goods.................... Food..................................... Clothing and shoes.............. Gasoline, fuel oil, and other energy goods................... Other.................................... Services................................... Housing................................ Household operation........... Electricity and aas........... Other household operation Transportation...................... Medical care......................... Recreation............................ Other.................................... Gross private domestic investment............................... Fixed investment................... Nonresidential..................... Structures......................... Equipment and software... Information processing equipment and software.................... Computers and peripheral equipment........... Software'................ Other........................ Industrial equipment.... Transportation equipment............... Other equipment......... Residential............................ Change in private inventories Farm..................................... Nonfarm................................ Government consumption expenditures and gross investment............................... Federal..................................... National defense................... Consumption expenditures Gross investment............. Nondefense.......................... Consumption expenditures Gross investment............. State and local........................ Consumption expenditures Gross investment............. Addenda: Final sales of computers to domestic purchasers2 ......... Gross domestic purchases excluding final sales of computers to domestic purchasers............................ Food......................................... Energy goods and services..... Gross domestic purchases excluding food and energy.... Gross domestic product.......... Gross domestic product excluding final sales of computers................... Food................................. Energy goods and services........................ Gross domestic product excluding food and energy......................... Final sales of domestic product Final sales to domestic purchasers............................ III 2002 2001 IV I II III IV I II 2003 III IV I II III IV 1 2.5 2.0 1.4 1.9 1.8 2.3 1.8 2.6 2.3 1.0 0.5 1.0 2.4 1.6 1.7 3.4 0.4 1.8 1.0 2 3 4 2.5 -1.6 0.4 2.0 -1.9 0.4 1.4 -2.9 -1.6 1.8 -3.7 -2.8 2.0 -0.5 1.8 1.9 -2.5 -1.5 1.8 -1.0 1.5 3.2 -1.3 2.2 2.5 -3.1 -0.7 0.5 -2.8 -1.6 0.4 -2.2 -0.4 0.7 -3.5 -1.4 2.9 -2.9 -2.9 2.0 -3.0 -2.0 1.7 -3.0 -2.0 2.8 -4.4 -3.7 0.5 -3.9 -2.1 1.8 ^*.0 -3.0 0.6 -3.8 -4.3 5 6 7 8 9 -4.5 -0.8 4.0 2.3 -1.3 -5.9 0.3 1.5 2.9 -2.0 -5.7 -0.8 0.5 1.9 -2.7 -5.9 -1.7 2.1 1.9 -2.5 -3.2 -0.8 3.7 2.6 -2.5 -4.2 -1.3 3.4 3.4 -0.8 -5.4 2.2 1.4 1.8 0.5 -6.8 1.6 1.3 3.4 -0.3 -7.2 -1.0 3.7 3.1 -5.6 -5.7 -0.1 -0.9 3.5 -3.9 -5.5 -0.5 -4.3 2.4 -3.0 -7.3 -1.2 -0.1 1.9 -2.4 -3.7 -0.9 5.7 1.1 -1.0 -5.1 -1.0 1.4 0.8 -2.9 -5.3 -1.0 1.0 1.7 -1.4 -5.4 -4.2 5.1 1.7 -4.9 -7.5 -1.3 -2.1 2.4 -3.8 -8.3 1.7 3.8 2.5 0.8 -3.5 -3.1 0.4 4.2 1.7 10 11 12 13 14 15 16 17 18 19 20 28.6 2.6 2.7 3.2 1.9 5.7 -0.2 2.5 2.9 3.7 2.0 -3.2 2.8 3.2 3.9 4.4 10.7 0.8 1.5 3.6 3.4 1.8 -6.4 2.2 2.7 3.8 -0.9 -5.2 1.9 1.3 2.5 3.0 3.5 16.6 0.1 2.8 2.4 3.8 7.8 1.4 2.7 3.0 3.0 2.7 16.4 5.1 1.7 3.1 1.4 7.3 -1.6 3.0 3.1 3.1 -2.1 13.9 2.4 2.1 3.3 4.6 15.2 -0.9 2.6 3.9 4.9 -3.1 1.5 1.0 2.6 3.6 5.3 14.2 0.4 2.8 3.1 2.4 0.1 -9.7 2.7 5.1 3.8 14.2 37.3 1.4 1.6 5.2 3.3 4.4 24.0 3.4 3.2 4.5 -0.1 -1.6 1.2 -0.2 3.4 4.5 3.8 -27.3 4.3 1.8 4.2 -1.8 -8.1 2.6 0.5 2.4 3.0 0.2 -47.1 1.7 3.3 4.2 -5.8 -16.4 1.3 1.4 2.4 2.3 8.4 -11.8 1.2 2.0 4.2 -0.4 -4.9 2.2 0.4 2.0 2.0 0.9 65.2 3.6 2.8 3.3 -0.1 1.0 -0.7 3.6 2.7 4.3 3.0 10.6 1.8 3.4 2.9 3.9 0.8 5.9 0.0 2.7 3.2 5.7 9.4 -1.5 3.1 2.9 1.9 2.3 1.7 3.0 3.1 2.8 3.8 69.3 -0.7 3.2 2.4 8.7 19.0 2.8 0.6 2.5 3.7 3.5 -24.6 0.1 2.7 1.6 4.9 16.8 -2.0 4.8 3.8 2.4 1.5 22.7 1.7 2.0 2.3 0.6 0.6 0.6 5.9 3.1 2.6 -0.3 -14.6 -1.2 1.6 2.5 -1.9 -6.5 1.1 1.6 3.6 1.4 -0.3 21 22 23 24 25 1.0 1.1 -0.1 3.9 -1.3 1.1 1.1 -0.2 5.5 -2.2 0.0 0.1 -0.9 1.4 -1.7 0.9 1.1 -0.2 2.0 -0.9 1.2 1.2 0.3 3.6 -0.8 1.9 1.9 1.4 4.5 0.4 0.8 0.9 0.0 5.0 -1.7 0.3 0.1 -1.8 6.5 -4.7 1.3 1.6 0.2 6.9 -2.1 2.3 2.4 0.6 6.3 -1.6 0.0 0.0 -1.2 1.2 -2.1 -0.7 -0.8 -1.3 -0.9 -1.4 -0.7 -0.7 -1.5 0.5 -2.1 -1.0 -0.7 -1.5 0.3 -2.1 1.6 1.7 0.4 1.1 0.2 1.3 1.9 -0.3 3.8 -1.6 0.0 0.0 -1.2 1.1 -1.8 2.0 2.1 1.6 2.7 1.2 3.2 3.4 1.9 4.1 1.3 26 -3.0 -4.6 -3.8 -3.3 -2.4 -0.7 -3.1 -8.3 -4.1 -5.4 -4.3 -3.0 -3.7 -3.2 -3.4 -4.5 -1.9 -1.8 -4.3 2/ 28 29 30 -12.8 3.0 -2.8 0.6 -17.9 0.9 -2.5 0.8 -14.2 -0.7 -1.5 0.3 0.0 0.0 -0.9 0.8 -12.2 4.4 -2.8 0.5 -9.6 6.0 -1.7 0.8 -10.6 0.7 -2.5 0.2 -29.9 -0.3 -2.8 1.6 -14.6 1.1 -3.5 1.0 -18.1 -2.3 -1.9 0.0 -19.0 -0.1 -0.9 0.9 -12.2 0.1 -1.0 -0.5 -9.2 -2.4 -2.1 -0.1 -14.0 0.4 -1.0 1.4 -12.8 -0.6 -1.1 0.3 -15.3 -2.6 -0.7 1.1 -9.5 0.1 0.1 0.5 -8.6 2.3 -1.9 1.5 0.0 0.0 -0.2 0.5 31 32 33 34 ,35 3fi 0.0 0.5 4.4 -0.9 1.5 4.6 0.7 0.8 2.4 4.3 1.0 3.8 0.5 1.3 3.9 2.7 1.1 3.2 -1.5 1.1 3.4 -5.4 2.3 5.3 -2.0 1.1 5.1 7.1 0.9 7.0 -1.8 2.0 2.9 1.7 0.1 0.3 -0.7 -0.3 1.1 -5.3 1.6 0.9 12.6 1.0 4.5 3.2 1.3 6.4 -7.4 1.4 2.2 14.6 0.6 3.1 30.3 -0.5 6.2 3/ 38 39 40 41 42 43 44 45 46 47 4.1 3.2 3.2 3.7 -0.2 3.2 3.6 1.0 4.5 4.8 3.3 2.6 2.1 2.2 2.6 -1.0 1.9 2.1 0.8 2.9 3.0 2.2 2.6 2.7 2.5 2.9 -0.7 3.2 3.9 -0.5 2.5 2.6 1.9 2.9 2.5 2.6 3.0 0.0 2.3 2.7 -0.4 3.1 3.4 1.8 1.7 -1.1 -0.2 0.0 -1.3 -2.6 -3.3 1.4 3.2 2.8 4.7 4.5 5.0 3.6 4.2 0.2 7.5 8.6 1.7 4.2 4.5 2.7 2.7 1.6 0.9 1.1 -0.2 2.7 2.9 1.2 3.2 3.4 2.4 2.7 2.0 3.6 4.4 -2.0 -0.7 -0.8 -0.2 3.0 3.2 2.2 2.2 1.6 1.6 1.8 0.4 1.8 1.7 2.2 2.5 2.9 1.1 2.0 2.4 2.4 3.0 -1.1 2.3 2.8 -0.7 1.8 1.8 1.5 1.4 1.7 0.8 1.7 -5.6 3.6 4.1 0.5 1.3 1.0 2.4 3.6 5.9 5.2 5.8 0.6 7.3 8.7 -1.5 2.4 2.3 2.5 3.3 2.3 2.3 2.5 1.3 2.1 2.5 -0.4 3.8 4.3 2.0 2.2 1.2 1.8 2.0 0.3 0.2 0.4 -1.2 2.7 3.1 1.3 1.8 -0.5 -0.6 -0.7 0.6 -0.4 -0.5 0.0 3.0 3.7 0.4 7.3 7.7 8.0 9.3 -1.1 7.2 8.5 -0.7 7.1 8.1 3.4 0.1 1.4 1.2 1.4 0.0 1.6 1.9 -0.1 -0.7 -1.4 2.3 1.7 1.3 1.3 1.4 0.7 1.3 1.4 1.0 2.0 2.4 0.3 0.5 0.3 0.4 0.6 -0.3 0.1 0.4 -1.8 0.6 0.3 1.6 48 -15.2 -20.7 -17.2 -14.4 -15.4 -12.8 -13.2 -31.4 -19.2 -21.6 -21.3 -16.3 -11.1 -14.9 -17.1 -16.1 -12.7 -13.5 -7.8 49 50 51 2.8 2.3 19.3 2.3 2.9 2.2 1.6 1.9 -6.0 2.1 1.9 13.1 2.1 2.5 10.7 2.5 3.2 16.4 2.0 1.9 9.1 3.2 3.4 8.6 2.6 3.1 7.3 1.3 3.4 -20.2 0.8 2.4 -35.3 1.2 1.9 -7.6 2.6 0.9 32.1 1.8 0.4 6.8 2.0 1.7 7.7 3.6 1.8 52.5 0.5 2.4 -14.1 2.0 2.5 11.2 1.1 4.2 -9.5 52 53 1.9 2.2 1.9 2.4 1.7 1.5 1.4 1.6 1.3 2.0 1.6 1.9 1.4 1.8 2.3 3.2 2.0 3.2 1.9 1.6 2.3 1.6 1.2 1.1 1.5 1.5 1.5 1.5 1.5 1.7 1.8 2.3 0.9 1.1 1.3 1.6 1.1 1.1 64 55 2.4 2.3 2.7 3.1 1.8 1.9 1.8 2.1 2.2 2.9 2.1 2.7 1.9 2.5 3.7 3.4 3.4 3.3 1.8 4.1 1.8 1.9 1.4 1.9 1.6 0.9 1.7 1.1 1.9 1.5 2.5 1.6 1.2 3.0 1.8 2.8 1.2 5.7 bti 5.8 9.6 -7.8 8.5 10.2 3.3 2.8 32.1 28.7 -17.9 -23.8 -9.7 -0.5 1.3 7.0 23.3 6.7 9.0 -11.7 6/ 58 2.0 2.2 2.1 2.4 1.8 1.5 1.4 1.7 1.6 2.0 1.7 1.9 1.7 1.8 2.3 3.1 2.3 3.2 2.1 1.6 2.6 1.6 1.4 1.1 1.6 1.4 1.5 1.5 1.6 1.8 1.7 2.4 0.7 1.1 1.3 1.6 1.0 1.1 59 2.5 2.0 1.4 1.9 1.8 2.3 1.8 2.6 2.3 1.0 0.5 0.9 2.4 1.6 1.7 3.5 0.4 1.8 1.0 1. Excludes software “embedded,” or bundled, in computers and other equipment. 2. For some components of final sales of computers, includes computer parts. February 2004 C om prehensive Revision of the NIPAs 58 Table 1.6.8. Contributions to Percent Change in the Gross Domestic Purchases Price Index Seasonally adjusted at annual rates Line 2000 2001 2002 2003 Percent change at annual rate: Gross domestic purchases... Percentage points at annual rates: Personal consumption expenditures........................... Durable goods......................... Motor vehicles and parts..... Furniture and household equipment......................... Other.................................... Nondurable goods................... Food..................................... Clothing and shoes.............. Gasoline, fuel oil, and other energy goods................... Other.................................... Services................................... Housing................................ Household operation........... Electricity and gas........... Other household operation Transportation....................... Medical care........................ Recreation............................ Other.................................... Gross private domestic investment............................... Fixed investment................... Nonresidential..................... Structures......................... Equipment and software... Information processing equipment and software................... Computers and peripheral equipment........... Software1................ Other....................... Industrial equipment.... Transportation equipment............... Other equipment......... Residential............................ Change in private inventories Farm..................................... Nonfarm................................ Government consumption expenditures and gross investment............................... Federal..................................... National defense.................. Consumption expenditures Gross investment............. Nondefense......................... Consumption expenditures Gross investment............. State and local........................ Consumption expenditures Gross investment............. Addenda: Final sales of computers to domestic purchasers2 ......... Gross domestic purchases excluding final sales of computers to domestic purchasers............................ Food......................................... Gross domestic purchases excluding food and energy.... III I IV II 2002 IV III I 2003 III II IV I II IV III 1 2.5 2.0 1.4 1.9 1.8 2.3 1.8 2.6 2.3 1.0 0.5 1.0 2.4 1.6 1.7 3.4 0.4 1.8 1.0 2 3 4 1.64 -0.14 0.02 1.36 -0.17 0.01 0.92 -0.25 -0.06 1.21 -0.23 -0.08 1.29 -0.04 0.07 1.25 -0.20 -0.05 1.23 -0.08 0.06 2.19 -0.10 0.08 1.75 -0.26 -0.03 0.33 -0.24 -0.06 0.29 -0.19 -0.02 0.44 -0.31 -0.06 1.97 -0.24 -0.11 1.36 -0.25 -0.08 1.16 -0.25 -0.07 1.87 -0.37 -0.14 0.29 -0.33 -0.08 1.18 -0.34 -0.11 0.41 -0.32 -0.17 5 6 7 8 9 -0.14 -0.01 0.75 0.21 -0.04 -0.19 0.01 0.29 0.27 -0.06 -0.18 -0.01 0.10 0.18 -0.08 -0.13 -0.02 0.25 0.13 -0.05 -0.10 -0.01 0.71 0.23 -0.07 -0.13 -0.02 0.66 0.31 -0.02 -0.17 0.03 0.27 0.17 0.01 -0.21 0.02 0.25 0.31 -0.01 -0.22 -0.02 0.72 0.28 -0.16 -0.17 0.00 -0.16 0.31 -0.11 -0.17 -0.01 -0.85 0.22 -0.09 -0.23 -0.02 -0.03 0.17 -0.07 -0.11 -0.01 1.08 0.10 -0.03 -0.16 -0.02 0.26 0.08 -0.08 -0.16 -0.01 0.19 0.15 -0.04 -0.16 -0.07 0.96 0.16 -0.14 -0.23 -0.02 -0.42 0.22 -0.11 -0.25 0.03 0.71 0.23 0.02 -0.11 -0.05 0.08 0.39 0.05 10 11 12 13 14 15 16 17 18 19 20 0.44 0.14 1.03 0.31 0.07 0.08 0.00 0.07 0.29 0.10 0.18 -0.06 0.15 1.23 0.38 0.17 0.15 0.02 0.04 0.37 0.09 0.17 -0.12 0.12 1.07 0.39 -0.03 -0.08 0.04 0.03 0.27 0.08 0.33 0.17 0.00 1.19 0.27 0.14 0.11 0.04 0.07 0.35 0.09 0.27 0.28 0.26 0.63 0.30 0.05 0.09 -0.04 0.09 0.31 0.08 -0.20 0.25 0.13 0.80 0.32 0.18 0.20 -0.02 0.07 0.39 0.13 -0.29 0.03 0.05 1.03 0.35 0.22 0.21 0.01 0.08 0.31 0.06 0.01 -0.19 0.14 2.03 0.38 0.57 0.54 0.04 0.04 0.54 0.09 0.42 0.42 0.18 1.28 0.45 0.01 -0.02 0.03 -0.01 0.35 0.12 0.36 -0.59 0.23 0.73 0.43 -0.06 -0.12 0.06 0.01 0.25 0.08 0.02 -1.08 0.09 1.33 0.43 -0.22 -0.25 0.03 0.04 0.26 0.06 0.76 -0.20 0.07 0.78 0.43 -0.02 -0.08 0.05 0.02 0.22 0.05 0.08 0.81 0.20 1.13 0.34 -0.01 0.01 -0.02 0.10 0.30 0.12 0.28 0.17 0.10 1.35 0.30 0.14 0.01 0.13 0.00 0.29 0.09 0.53 0.15 -0.08 1.22 0.30 0.07 0.03 0.04 0.08 0.34 0.08 0.35 0.98 -0.04 1.28 0.25 0.31 0.25 0.06 0.02 0.27 0.10 0.33 -0.53 0.00 1.05 0.16 0.17 0.22 -0.05 0.12 0.41 0.06 0.13 0.36 0.09 0.81 0.24 0.02 0.01 0.01 0.15 0.35 0.07 -0.03 -0.28 -0.06 0.64 0.26 -0.07 -0.09 0.03 0.04 0.40 0.04 -0.03 21 22 23 24 25 0.18 0.19 -0.01 0.12 -0.12 0.17 0.18 -0.03 0.17 -0.19 0.01 0.01 -0.10 0.04 -0.13 0.15 0.16 -0.03 0.05 -0.08 0.19 0.20 0.03 0.11 -0.08 0.30 0.31 0.17 0.14 0.03 0.11 0.14 0.00 0.16 -0.16 -0.02 -0.01 -0.23 0.20 -0.44 0.17 0.25 0.03 0.21 -0.18 0.32 0.38 0.07 0.19 -0.12 -0.01 0.01 -0.12 0.03 -0.16 -0.10 -0.10 -0.12 -0.03 -0.09 -0.10 -0.09 -0.14 0.01 -0.15 -0.14 -0.10 -0.14 0.01 -0.15 0.24 0.25 0.04 0.03 0.02 0.24 0.26 -0.03 0.09 -0.12 0.07 -0.01 -0.11 0.02 -0.14 0.29 0.30 0.15 0.06 0.09 0.46 0.49 0.19 0.09 0.10 26 -0.14 -0.21 -0.16 -0.15 -0.11 -0.04 -0.16 -0.41 -0.19 -0.23 -0.17 -0.10 -0.14 -0.12 -0.13 -0.18 -0.08 -0.07 -0.18 27 28 29 30 -0.14 0.05 -0.05 0.01 -0.18 0.02 -0.05 0.01 -0.12 -0.01 -0.02 0.00 -0.12 -0.02 -0.02 0.01 -0.13 0.07 -0.05 0.01 -0.11 0.10 -0.03 0.01 -0.12 0.01 -0.05 0.00 -0.35 0.00 -0.06 0.02 -0.14 0.02 -0.07 0.01 -0.15 -0.04 -0.03 0.00 -0.15 0.00 -0.01 0.01 -0.09 0.00 -0.01 -0.01 -0.07 -0.04 -0.03 0.00 -0.11 0.01 -0.02 0.02 -0.11 -0.01 -0.02 0.00 -0.13 -0.04 -0.01 0.01 -0.08 0.00 0.00 0.01 -0.08 0.04 -0.03 0.02 -0.07 -0.11 0.00 0.01 31 32 33 34 35 36 0.00 0.01 0.19 -0.01 0.00 -0.01 -0.01 0.02 0.20 0.00 0.00 0.00 0.01 0.01 0.11 0.00 0.00 0.00 0.05 0.01 0.19 -0.01 0.02 -0.03 0.01 0.02 0.17 -0.01 -0.01 0.00 0.04 0.01 0.14 -0.01 0.00 0.00 -0.02 0.01 0.15 -0.04 0.00 -0.04 -0.07 0.03 0.23 -0.01 0.00 -0.01 -0.03 0.01 0.22 -0.08 0.00 -0.08 0.09 0.01 0.31 -0.06 0.00 -0.06 -0.03 0.02 0.13 -0.02 0.00 -0.02 0.02 0.00 0.01 0.01 0.00 0.01 -0.01 0.00 0.05 -0.01 0.01 -0.01 -0.06 0.02 0.04 -0.04 -0.02 -0.02 0.13 0.01 0.21 -0.01 0.00 -0.01 0.03 0.02 0.29 -0.02 0.05 -0.08 -0.08 0.02 0.10 0.07 0.06 0.01 0.14 0.01 0.15 -0.01 0.00 -0.01 0.28 -0.01 0.30 -0.03 -0.01 -0.01 37 38 39 40 41 42 43 44 45 46 47 0.69 0.18 0.12 0.12 0.00 0.07 0.06 0.00 0.50 0.43 0.07 0.44 0.12 0.08 0.08 0.00 0.04 0.04 0.00 0.32 0.27 0.05 0.44 0.16 0.09 0.10 0.00 0.07 0.07 0.00 0.28 0.24 0.04 0.51 0.15 0.10 0.10 0.00 0.05 0.05 0.00 0.36 0.32 0.04 0.30 -0.06 -0.01 0.00 -0.01 -0.05 -0.06 0.00 0.36 0.25 0.10 0.75 0.29 0.13 0.13 0.00 0.15 0.15 0.01 0.46 0.40 0.06 0.45 0.09 0.04 0.04 0.00 0.05 0.05 0.00 0.36 0.31 0.05 0.45 0.11 0.13 0.14 -0.01 -0.02 -0.02 0.00 0.34 0.29 0.05 0.38 0.09 0.06 0.06 0.00 0.03 0.03 0.01 0.29 0.26 0.02 0.34 0.14 0.09 0.10 -0.01 0.05 0.05 0.00 0.20 0.17 0.03 0.25 0.10 0.03 0.06 -0.03 0.08 0.07 0.00 0.14 0.09 0.05 0.62 0.35 0.19 0.19 0.00 0.15 0.16 0.00 0.27 0.21 0.06 0.58 0.14 0.09 0.09 0.01 0.05 0.05 0.00 0.44 0.39 0.05 0.39 0.08 0.07 0.07 0.00 0.01 0.01 0.00 0.31 0.28 0.03 0.31 -0.03 -0.02 -0.03 0.00 -0.01 -0.01 0.00 0.35 0.34 0.01 1.27 0.48 0.32 0.32 -0.01 0.16 0.16 0.00 0.79 0.72 0.07 0.01 0.09 0.05 0.05 0.00 0.04 0.04 0.00 -0.08 -0.13 0.05 0.31 0.09 0.06 0.05 0.00 0.03 0.03 0.00 0.22 0.22 0.01 0.09 0.02 0.02 0.02 0.00 0.00 0.01 -0.01 0.06 0.03 0.03 48 -0.24 -0.31 -0.22 -0.17 -0.24 -0.20 -0.20 -0.51 -0.27 -0.28 -0.27 -0.20 -0.13 -0.18 -0.22 -0.20 -0.16 -0.18 -0.10 49 50 51 2.75 0.22 2.28 0.27 1.60 0.17 2.04 0.12 2.02 0.23 2.50 0.30 1.99 0.18 3.14 0.32 2.57 0.29 1.28 0.31 0.79 0.22 1.17 0.18 2.57 0.09 1.79 0.03 1.93 0.15 3.59 0.17 0.53 0.22 1.96 0.23 1.06 0.39 52 1. Excludes software “embedded," or bundled, in computers and other equipment. 2. For some components of final sales of computers, includes computer parts. 2001 2000 II February 2004 S urvey of 59 C u rren t B u sin ess Table 1.7.1. Percent Change from Preceding Period in Real Gross Domestic Product, Real Gross National Product, and Real Net National Product [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Gross domestic product........... Plus: Income receipts from the rest of the world........................ Less: Income payments to the rest of the world............................... Equals: Gross national product Less: Consumption of fixed capital Private......................... Government................. General government. Government enterprises.......... Equals: Net national product.... Addenda: Gross domestic income1......... Gross national income2........... Net domestic product.............. Net domestic income3............. 3.7 0.5 III 6.4 3.1 -0.5 2001 IV 2.1 I II 2002 III -0.2 -0.6 -1.3 IV I 4.7 2.0 2003 II III 1.9 IV 3.4 I II 1.3 2.0 III IV 3.1 8.2 16.4 -18.2 25.2 -8.5 23.0 -40.6 -25.5 -28.6 -25.8 0.4 19.4 11.6 -6.2 -13.3 3.2 15.4 16.8 3.7 6.7 7.5 3.0 2.9 -19.0 0.5 5.9 6.5 3.3 2.5 22.2 6.6 7.2 8.1 2.9 2.8 -2.6 -0.7 6.8 7.6 2.8 2.7 -2.9 3.0 6.3 7.1 2.6 2.5 -22.5 -1.3 2.2 2.2 2.5 2.5 -28.0 -0.6 8.4 9.6 2.4 2.3 -13.8 -1.9 20.4 21.5 15.1 2.4 -74.5 4.6 -15.3 -16.5 -9.0 2.4 145.6 2.6 2.8 2.9 2.1 2.2 48.9 1.3 5.6 6.3 2.3 2.4 -4.0 3.8 4.1 4.4 2.3 2.4 -29.4 2.0 3.1 3.2 2.4 2.4 0.5 1.5 1.4 1.2 2.5 2.5 -3.9 3.3 -0.9 -1.6 2.5 2.6 11.3 8.3 1.6 1.4 2.6 2.6 3.6 3.3 7.6 -0.3 3.5 6.5 3.2 -1.7 2.9 2.6 2.7 -1.8 2.5 -1.8 104.9 -4.8 -49.0 7.8 1.8 2.5 2.0 0.7 2.0 3.8 2.0 1.9 2.2 1.6 2.2 3.9 2.1 9.3 1.9 2.1 6.3 1.2 3.5 3.2 -1.4 3.0 -0.4 0.5 1.5 -1.2 0.4 -0.7 -0.6 0.1 -1.9 -1.9 -1.8 -3.3 -0.6 -1.3 -4.1 -3.4 3.3 5.8 4.8 6.2 3.6 1.5 5.0 3.7 2.7 2.1 1.4 2.3 0.2 0.6 3.3 -0.4 0.0 0.7 1.0 -0.5 0.5 0.1 2.0 0.4 4.3 4.5 3.6 5.0 5.8 5.9 9.1 6.4 0.3 0.3 -0.2 -0.4 3.3 4.0 1.1 0.8 2.7 2.7 2.3 4.4 1. Gross domestic income deflated by the implicit price deflator for grass domestic product. 2. Gross national income deflated by the implicit price deflator for gross national product. 3. Net domestic income deflated by the implicit price deflator for net domestic product. Table 1.7.3. Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line Gross domestic product........... Plus: Income receipts from the rest of the world....................... Less: Income payments to the rest of the world............................... Equals: Gross national product Less: Consumption of fixed capital Private......................... Government................. General government. Government enterprises.......... Equals: Net national product.... Addendum: Net domestic product.............. 2000 2001 2002 2003 2000 2002 2001 2003 100.000 100.506 102.710 105.911 100.315 100.200 100.721 100.664 100.503 100.180 100.679 101.843 102.324 103.172 103.502 104.008 104.801 106.887 107.947 100.000 81.795 75.802 101.182 100.000 100.000 100.000 100.000 100.000 100.000 80.953 100.462 105.937 106.465 103.291 102.492 78.053 102.527 108.180 108.842 104.868 104.883 101.761 100.298 99.215 99.125 99.669 99.674 110.205 110.749 107.450 107.529 98.953 104.218 101.093 100.121 100.863 100.963 100.363 100.352 100.352 100.870 102.422 102.702 101.011 100.984 91.512 85.005 78.139 72.524 72.588 75.879 77.988 76.753 74.059 74.640 77.366 94.145 100.536 102.983 103.252 101.637 101.599 86.731 100.382 105.083 105.651 102.232 102.188 83.561 99.905 110.083 110.922 105.880 102.789 59.376 101.024 105.600 106.034 103.416 103.390 74.332 101.668 106.328 106.799 103.964 103.955 82.104 102.004 107.799 108.444 104.566 104.575 81.271 102.959 108.885 109.629 105.163 105.185 74.505 103.476 109.708 110.495 105.777 105.815 74.593 103.873 110.102 110.835 106.432 106.482 73.848 104.711 109.846 110.388 107.099 107.167 75.847 106.825 110.288 110.782 107.778 107.867 110.585 110.992 108.491 108.601 100.000 107.625 104.827 107.068 99.641 100.425 101.157 101.843 102.469 122.591 103.595 104.049 104.559 105.085 105.615 106.201 106.778 107.347 107.947 100.000 99.718 101.759 100.446 100.019 100.657 100.201 99.743 98.530 100.398 101.031 101.217 102.155 102.631 103.028 104.007 106.335 100.000 99.765 101.963 100.466 100.109 100.487 100.344 99.877 98.835 100.003 101.226 101.576 102.392 102.657 103.178 104.106 106.404 Table 1.7.4. Price Indexes for Gross Domestic Product, Gross National Product, and Net National Product [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II IV I II 2002 III IV I II 2003 III IV I II III IV 1 100.000 102.376 103.949 105.658 99.780 100.241 100.687 101.478 102.273 102.676 103.078 103.364 103.738 104.123 104.571 105.163 105.440 105.870 106.159 ? 100.000 101.903 103.131 99.715 100.283 100.820 101.585 101.989 101.959 102.080 102 402 102 995 103.326 103.800 104.754 104.895 105.442 u 4 5 6 7 8 99.841 99.775 99.881 99.886 99.856 99.865 Gross domestic product........... Plus: Income receipts from the Less: Income payments to the rest of the world............................... Equals: Gross national product Less: Consumption of fixed capital Private......................... Government................. General government. Government enterprises.......... Equals: Net national product.... Addendum: Net domestic product.............. III 2001 100.000 100.000 100.000 100.000 100.000 100.000 101.992 102.372 100.682 100.581 101.194 101.086 103.486 103.936 100.284 99.892 99.939 99.277 102.071 103.089 101.777 102.655 100.180 100.245 100.161 100.131 100.309 100.292 100.642 100.693 100.390 100.348 100.605 100.528 101.470 101.482 100.584 100.520 100.906 100.825 102.104 102.268 100.705 100.611 101.182 101.102 102.087 102.669 100.740 100.629 101.310 101.209 102.306 103.068 100.698 100.566 101.380 101.206 102.676 103.353 100.682 100.472 101.766 101.519 103.264 103.727 100.491 100.202 101.982 101.693 103.765 104.108 100.182 99.804 102.141 101.815 104.242 104.556 99.780 99.277 102.395 102.081 104.913 105.156 99.828 99.277 102.695 102.291 104.869 105.438 99.884 99.277 103.040 102.622 105.231 105.872 99.918 99.938 99.277 99.277 103.248 103.374 102.827 102.880 9 100.000 101.770 103.630 105.415 1(1 100.000 102.611 104.461 99.806 100.400 101.027 101.343 101.609 101.848 102.281 103.064 103.514 103.871 104.069 104.856 105.276 105.501 106.027 99.761 100.256 100.735 101.606 102.488 102.944 103.408 103.736 104.192 104.672 105.245 105.926 106.240 106.732 11 100.000 102.618 104.478 99.766 100.252 100.728 101.603 102.494 102.952 103.421 103.750 104.206 104.692 105.265 105.936 106.246 106.732 60 C om prehensive Revision of the NIPAs February 2004 Table 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2000 2003 III II Gross domestic product........... Plus: Income receipts from the rest of the world........................ Less: Income payments to the rest of the world............................... Equals: Gross national product Less: Consumption of fixed capital Private.......................... Domestic business... Capital consumption allowances...... Less: Capital consumption adjustment...... Households and institutions........... Government................. General government. Government enterprises.......... Equals: Net national product.... Less: Statistical discrepancy.... Equals: National income........... Less: Corporate profits with inventory valuation and capital Taxes on production and imports less subsidies.. Contributions for government social insurance..................... Net interest and miscellaneous payments on assets.... Business current transfer payments (net)............ Current surplus of government enterprises Wage accruals less disbursements............. Plus: Personal income receipts on assets....................................... Personal current transfer receipts......................... Equals: Personal income.......... Addenda: Gross domestic income........... Net domestic product.............. Net national factor income2..... 382.7 319.0 299.1 3 343.7 283.8 277.6 4 9,855.9 10,135.9 10,502.3 5 1,187.8 1,266.9 1,288.6 990.8 1,061.0 1,077.8 6 7 836.1 893.6 902.6 386.0 I IV 1 9,817.0 10,100.8 10,480.8 10,983.9 9,822.8 9,862.1 ? 2001 379.7 II 2002 IV III II 2003 III IV I II IV III 9,953.6 10,024.8 10,088.2 10,096.2 10,193.9 10,329.3 10,428.3 10,542.0 10,623.7 10,735.8 10,846.7 11,107.0 11,246.3 402.1 355.8 331.8 304.9 283.3 284.4 299.0 308.3 304.8 296.8 299.5 312.1 262.4 349.2 348.1 347.2 328.5 304.5 293.3 291.4 289.9 266.9 266.2 208.9 269.0 274.3 9,859.6 9,893.6 10,008.4 10,052.1 10,115.5 10,107.8 10,268.3 10,351.3 10,435.9 10,560.5 10,661.6 10,763.7 10,880.0 11,144.8 1,307.8 1,177.0 1,199.9 1,221.3 1,230.4 1,257.0 1,317.3 1,263.1 1,271.6 1,286.8 1,295.8 1,300.4 1,305.7 1,303.4 1,309.1 1,312.9 1,089.6 981.0 1,001.6 1,021.1 1,028.4 1,053.2 1,106.0 1,056.6 1,063.2 1,076.7 1,084.2 1,087.1 1,090.4 1,086.0 1,089.9 1,092.0 845.4 861.7 881.1 939.2 907.8 908.4 905.9 827.8 866.8 887.3 891.5 902.6 908.0 902.8 905.1 907.7 951.2 967.7 949.8 959.2 943.9 1,031.1 1,176.6 1,272.0 935.6 9 107.8 137.5 274.1 366.1 107.8 105.8 105.9 83.0 78.1 94.3 10 11 12 154.8 197.0 166.4 167.4 205.9 172.4 175.2 210.8 177.6 183.7 218.2 183.7 153.2 196.0 165.6 156.2 198.3 167.5 159.4 200.2 168.9 161.6 202.0 170.4 172.1 203.8 171.9 166.8 211.3 173.1 30.6 33.2 13 33.5 14 8,668.1 8,869.0 9,213.7 1*S -127.2 -112.2 -77.2 1fi 8,795.2 8,981.2 9,290.8 34.5 8 I 1,177.1 1,176.5 1,176.4 1,176.4 294.6 285.7 273.9 268.6 268.0 169.3 206.5 174.1 171.7 208.4 175.6 174.1 210.1 176.9 176.4 211.6 178.2 178.7 213.3 179.7 1,033.5 1,181.9 30.4 30.8 31.3 31.9 38.2 32.4 32.8 31.6 33.1 8,682.6 8,693.7 8,787.2 8,821.7 8,858.5 8,790.6 9,005.2 9,079.8 9,149.1 -87.7 -104.1 -136.5 -110.7 -132.0 -67.8 -164.6 -104.6 -120.6 8,750.4 8,858.3 8,891.7 8,942.2 8,946.2 8,894.7 9,141.8 9,190.5 9,281.1 1,175.0 1,268.9 1,309.9 1,334.1 266.9 366.1 404.8 426.4 182.4 215.3 181.2 183.2 217.4 183.0 184.8 219.2 184.5 184.3 220.9 185.9 33.4 34.1 34.4 34.7 33.6 9,264.7 9,361.2 9,457.9 9,576.6 9,835.7 -50.3 -15.7 23.2 -8.3 54.0 9,314.9 9,376.9 9,434.8 9,584.9 9,781.7 35.0 17 817.9 770.4 904.2 833.0 811.8 794.3 755.8 748.6 713.6 863.6 880.1 901.9 899.8 934.9 927.1 1,022.8 1,124.2 18 664.6 674.5 721.8 738.8 662.6 667.9 674.6 672.6 668.9 660.3 696.2 705.7 719.7 729.1 732.8 729.4 725.2 745.2 755.6 19 702.7 728.5 750.3 774.5 696.3 707.7 711.2 726.3 727.6 729.2 731.1 743.7 749.6 752.1 755.5 768.7 772.3 776.9 780.2 20 559.0 568.4 582.4 582.3 560.6 564.3 563.0 563.9 566.7 568.0 575.2 581.2 572.8 585.7 589.7 589.3 581.7 579.9 578.1 21 87.1 92.5 89.8 95.1 85.0 88.9 93.1 97.0 102.4 71.1 99.5 94.7 90.6 87.8 86.2 90.1 92.5 97.1 100.8 22 5.3 1.2 2.8 4.9 7.1 4.2 2.2 3.0 1.6 0.6 -0.3 1.2 0.6 5.4 4.1 6.3 5.8 3.7 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 -1.4 0.0 0.0 1,374.9 1,378.5 1,389.3 1,385.6 1,406.2 1,406.5 1,391.8 1,378.1 1,367.4 1,362.3 1,359.3 1,375.4 1,387.5 1,392.0 23 0.0 24 1,387.0 1,388.6 1,390.2 1,389.2 1,389.1 25 1,084.0 1,192.6 1,292.2 1,376.7 1,080.8 1,094.8 1,106.0 1,148.0 1,181.9 1,208.0 1,232.3 1,260.5 1,291.1 1,301.6 1,315.6 1,337.6 1,369.7 1,398.7 1,400.8 26 8,429.7 8,713.1 8,910.3 9,187.4 8,372.3 8,514.4 8,565.8 8,663.5 8,690.2 8,727.4 8,771.2 8,803.6 8,912.2 8,944.0 8,981.3 9,048.7 9,145.9 9,242.5 9,312.6 77 9,944.1 10,213.0 ?8 9,983.1 10,248.2 9,226.1 9,479.9 30 8,629.1 8,833.8 11 8,756.3 8,946.1 32 8,038.3 8,213.0 9,890.6 10,026.6 10,558.0 9,927.4 10,058.2 10,579.5 9,172.9 9,297.1 9,765.0 9,192.2 9,676.2 8,645.8 8,662.1 9,269.3 8,713.6 8,826.7 8,476.4 7,995.8 8,097.2 10,058.2 10,113.0 9,343.2 8,732.3 8,836.9 8,121.9 10,145.3 10,172.6 9,400.0 8,794.4 8,914.9 8,169.6 10,175.9 10,203.2 9,430.2 8,831.2 8,918.9 8,173.2 10,200.3 10,211.9 9,480.0 8,779.0 8,883.1 8,162.7 10,330.4 10,404.9 9,609.5 8,930.8 9,067.3 8,346.4 10,440.0 10,462.0 9,660.5 9,057.7 9,168.4 8,388.9 10,560.2 10,567.8 9,756.9 9,141.5 9,273.5 8,470.1 10,592.3 10,610.7 9,788.4 9,246.2 9,296.5 8,492.6 10,639.4 10,677.3 9,854.1 9,323.3 9,339.0 8,553.7 10,712.7 10,740.5 9,914.7 9,430.1 9,406.9 8,609.0 10,855.0 10,888.3 10,064.9 9,543.3 9,551.6 8,761.5 11,053.0 11,090.8 10,244.8 9,797.9 9,933.4 9,743.9 8,935.7 1. Consists of compensation of employees, proprietors’ income with inventory valuation adjustment (IVA) and capital consumption adjustment (CCAdj), rental income of persons with CCAdj, corporate profits with IVA and CCAdj, net interest and miscella neous payments, and consumption of fixed capital. 2. Consists of gross national factor income less consumption of fixed capital. February 2004 S urvey 61 C u rren t B u sin ess of Table 1.7.6. Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2000 2003 II Gross domestic product........... Plus: Income receipts from the rest of the world....................... Less: Income payments to the rest of the world............................... Equals: Gross national product Less: Consumption of fixed capital Private.......................... Government................. General government. Government enterprises.......... Equals: Net national product.... Addenda: Gross domestic income1......... Gross national income2........... Net domestic product.............. Net domestic income3............. 313.0 387.2 290.0 343.7 278.3 268.3 9,855.9 9.901.4 10.105.0 1,187.8 1.258.4 1,285.0 990.9 1.054.9 1.078.5 197.0 203.5 206.6 170.5 166.4 174.5 30.6 32.9 32.1 8.668.1 8,643.6 8.820.5 9.944.1 9.983.1 8.629.1 8,756.3 2001 IV I 2002 III II IV I 2003 II III IV I II III IV 10.083.0 10,397.2 9,847.9 9,836.6 9,887.7 9,882.2 9,866.3 9,834.6 9,883.6 9,997.9 10,045.1 10,128.4 10,160.8 10,210.4 10,288.3 10,493.1 10,597.1 9.817.0 382.7 III 9.976.3 10,011.1 8.608.9 8.718.3 378.7 398.8 350.2 325.3 299.0 277.5 277.7 298.4 290.3 293.7 283.4 296.1 285.6 349.8 347.5 344.9 204.1 279.4 256.4 260.7 323.6 298.1 287.2 255.5 282.2 256.1 253.8 9,885.3 9,867.8 9,941.6 9,908.7 9,893.5 9,846.5 9,956.8 10,020.3 10,053.4 10,147.5 10,198.5 10,237.6 10,320.2 10,528.6 1,309.1 1,178.5 1,198.1 1,216.6 1,223.3 1,248.2 1,307.6 1,254.4 1,263.0 1,280.5 1,293.4 1,303.1 1,307.8 1,304.8 1,310.0 1,313.6 1,097.4 982.2 1,000.4 1,017.6 1,023.1 1,046.8 1,099.1 1,050.6 1,058.2 1,074.5 1,086.3 1,094.8 1,098.2 1,093.8 1,097.7 1,099.8 211.7 196.3 197.7 199.0 200.2 201.4 203.7 208.6 204.8 206.0 207.2 208.4 209.7 211.0 212.3 213.7 178.9 165.8 167.0 168.0 169.0 170.0 171.0 172.0 173.0 174.0 175.0 177.2 180.7 176.1 178.3 179.5 32.8 30.5 30.7 31.0 31.2 31.4 31.7 32.2 32.7 32.8 37.5 31.8 32.0 32.3 32.5 8,706.7 8,669.7 8,725.0 8,685.5 8,645.8 8,540.6 8,702.6 8,757.4 8,773.6 8,854.9 8,896.1 8,930.5 9,015.4 9,217.2 10,157.3 9,915.9 10,179.2 9,953.2 8.798.5 9,087.6 8,669.3 8,872.4 8,737.4 10,000.7 10,031.9 8,638.5 8,802.7 9,991.6 10,045.5 8,671.2 8,775.0 10,001.0 10,027.5 8,658.8 8,777.6 9,952.2 9,979.3 8,618.5 8,704.1 9,936.0 9,948.0 8,528.6 8,629.7 10,016.0 10,089.2 8,629.4 8,761.3 10,105.0 10,127.4 8,734.9 8,841.7 10,172.3 10,180.6 8,765.1 8,891.7 10,176.7 10,195.9 8,835.5 8,883.6 10,175.8 10,213.5 8,858.4 8,873.3 10,188.4 10,215.6 8,903.4 8,881.5 10,296.2 10,328.0 8,983.4 8,991.3 33.0 10,442.0 10,477.5 9,181.7 9,281.7 9,131.2 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. 3. Net domestic income deflated by the implicit price deflator for net domestic product. Note. Except as noted in footnotes 1,2 and 3, chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Table 1.8.3. Command-Basis Real Gross National Product, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II 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 national product.................... Addendum: Percent change from preceding period in command-basis real gross national product... III 2001 IV I II 2002 III IV I 2003 II III IV I II IV III 1 100.000 100.462 102.527 100.298 100.121 100.870 100.536 100.382 99.905 101.024 101.668 102.004 102.959 103.476 103.873 104.711 106.825 ? 100.000 91.387 88.137 100.013 101.333 102.178 98.018 93.709 88.522 85.299 86.026 88.311 89.597 88.613 87.555 87.521 89.858 3 100.000 93.123 90.387 100.377 101.121 101.953 98.461 95.103 90.480 88.466 89.313 90.313 91.501 90.480 88 015 88 944 91 137 4 100.000 100.722 102.865 5 3.4 0.7 100.352 100.089 100.836 100.602 100.591 100.198 101.499 102.161 102.304 103.244 103.756 103.942 104.924 107.017 2.1 6.8 -1.0 3.0 -0.9 0.0 -1.6 5.3 2.6 3.7 0.6 0.7 2.0 3.8 8.2 1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and services and income payments. Table 1.8.6. Command-Basis Real Gross National Product, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II 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 national product.................... Addendum: Terms of trade2........................ III 2002 2001 IV I II III IV I II 2003 III IV I II III 1 9,855.9 9,901.4 10,105.0 9,885.3 9,867.8 9,941.6 9,908.7 9,893.5 9,846.5 9,956.8 10,020.3 10,053.4 10,147.5 10,198.5 10,237.6 10,320.2 10,528.6 ? 1,478.9 1,351.6 1,479.1 3 1,478.9 1,303.5 1,377.2 1,336.8 1,498.7 1,511.2 1,484.6 1,495.6 1,507.9 1,309.2 1,261.5 1,272.3 1,306.1 1,325.1 1,310.5 1,294.9 1,294.4 1,328.9 1,406.6 1,338.2 1,308.4 1,320.9 1,335.7 1,353.3 1,338.2 1,301.7 1,315.5 1,347,9 1,449.6 1,385.9 1,456.2 4 9,855.9 9,927.1 10,138.2 9,890.7 9,864.7 9,938.4 9,915.3 9,914.2 9,875.5 10,003.7 10,069.0 10,083.1 10,175.7 10,226.1 10,244.5 10,341.3 10,547.5 5 100.000 101.900 102.553 100.368 99.794 IV 99.783 100.455 101.491 102.215 103.716 103.825 102.271 102.128 102.111 100.528 101.630 101.427 1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and services and income payments. 2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding implicit price deflator for imports divided by 100. Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. February 2004 Com prehensive Revision of the NIPAs 62 Table 1.10. Gross Domestic Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2000 2003 II Gross domestic income.... Compensation of employees, paid.......................................... Wage and salary accruals....... Disbursements.................... To persons........................ To the rest of the world.... Wage accruals less disbursements................. Supplements to wages and salaries................................. Taxes on production and im ports.................................... Less: Subsidies............................ Net operating surplus............... Private enterprises.................. Net interest and miscellaneous payments, domestic industries......... Business current transfer payments (net)................ Proprietors' income with inventory valuation and capital consumption adjustments...................... Rental income of persons with capital consumption adjustment........................ Corporate profits with inventory valuation and capital consumption adjustments, domestic industries.......................... Taxes on corporate income......................... Profits after tax with inventory valuation and capital consumption adjustments................. Net dividends.............. Undistributed corporate profits with inventory valuation and capital consumption adjustments............. Current surplus of government enterprises........................... Consumption of fixed capital.... Private...................................... Government.............................. Addendum: Statistical discrepancy............. 5,945.4 4.947.9 4.947.9 4.939.8 8.1 2001 I IV II 2002 IV III I 2003 III II IV I II 6.024.3 6.190.9 5,731.8 5,841.9 5,876.7 4.979.8 5.089.9 4,787.8 4,879.4 4,903.5 4.979.8 5.089.9 4,787.8 4,879.4 4,903.5 4.971.4 4,780.3 4,872.0 4,895.8 8.4 7.4 7.7 7.5 5,940.4 4,956.8 4,956.8 4,948.7 8.1 5,941.0 4,950.0 4,950.0 4,941.9 8.0 5,945.8 4,943.8 4,943.8 4,935.7 8.1 5,954.5 4,941.1 4,941.1 4,932.8 8.2 5,977.6 4,950.3 4,950.3 4,941.9 8.4 6,020.2 4,978.5 4,978.5 4,970.0 8.5 6,036.2 4,986.0 4,986.0 4,977.8 8.2 6,063.3 5,004.5 5,004.5 4,996.0 8.5 6,121.3 5,040.2 5,038.8 5,030.0 8.7 6,170.0 5,076.1 5,077.4 5,069.0 8.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 -1.4 953.4 997.6 1.044.5 1,101.0 944.0 962.5 973.1 983.7 991.0 1,002.1 1,013.5 1,027.3 1,041.7 1,050.2 1,058.8 1,081.2 1,093.9 708.9 729.8 760.1 44.3 38.2 55.3 2,304.5 2,326.1 2.523.2 2.299.1 2.324.9 2.520.3 788.0 49.2 6,218.9 6,253.4 5,109.4 5,133.9 5,109.4 5,133.9 5,100.8 8.6 0.0 0.0 1,109.6 1,119.5 739.4 767.4 712.2 718.7 725.2 727.2 745.8 769.5 774.2 782.1 791.5 706.9 727.5 757.6 38.2 36.7 58.3 67.2 43.2 40.1 37.9 44.7 56.9 46.3 44.4 44.3 44.1 52.5 2,319.2 2,316.9 2,285.6 2,301.9 2,309.0 2,277.0 2,416.6 2,485.2 2,533.5 2,531.1 2,542.9 2,556.2 2,656.4 2,780.2 2,312.2 2,312.7 2,283.5 2,298.9 2,307.4 2,276.4 2,416.8 2,484.0 2,532.9 2,525.8 2,538.7 2,549.9 2,650.6 2,776.5 804.4 48.8 661.2 689.8 709.0 657.7 672.9 672.1 681.1 687.2 695.5 695.2 705.4 703.9 713.3 713.4 704.7 691.7 695.0 87.1 92.5 89.8 95.1 85.0 88.9 93.1 97.0 102.4 71.1 99.5 94.7 90.6 87.8 86.2 90.1 92.5 97.1 100.8 728.4 770.6 797.7 846.5 726.5 735.6 742.1 761.3 766.4 769.2 785.7 779.3 796.2 803.2 812.2 813.5 838.8 860.9 872.7 150.3 163.1 173.0 163.9 148.5 148.2 150.5 153.0 155.6 171.1 172.6 175.9 184.4 172.7 159.0 163.2 153.4 157.0 182.0 672.2 608.9 750.8 694.5 667.2 625.7 606.5 595.8 569.6 663.8 728.8 757.8 748.7 767.9 778.4 874.3 966.5 265.2 201.1 195.0 272.5 260.3 247.1 219.1 217.2 198.2 170.1 181.6 197.1 198.6 202.9 213.9 211.4 230.6 407.0 348.4 407.8 337.9 555.8 358.9 422.0 353.1 406.9 368.9 378.6 343.3 387.3 339.0 378.6 324.6 371.4 344.6 493.8 343.5 547.2 351.3 560.7 362.4 550.1 346.6 565.0 375.6 564.5 375.7 662.8 388.4 735.9 382.7 58.6 69.9 196.8 68.9 38.0 35.3 48.4 54.1 26.8 150.2 196.0 198.3 203.5 189.5 188.8 274.5 353.2 5.4 4.1 1.2 4.9 5.3 7.1 4.2 2.2 1.6 0.6 1.2 0.6 4.1 5.8 3.7 2.8 3.0 -0.3 6.3 1,187.8 1,266.9 1,288.6 1,307.8 1,177.0 1,199.9 1,221.3 1,230.4 1,257.0 1,317.3 1,263.1 1,271.6 1,286.8 1,295.8 1,300.4 1,305.7 1,303.4 1,309.1 1,312.9 990.8 1,061.0 1,077.8 1,089.6 981.0 1,001.6 1,021.1 1,028.4 1,053.2 1,106.0 1,056.6 1,063.2 1,076.7 1,084.2 1,087.1 1,090.4 1,086.0 1,089.9 1,092.0 198.3 200.2 203.8 208.4 211.6 217.4 219.2 218.2 197.0 205.9 196.0 202.0 211.3 206.5 210.1 213.3 215.3 210.8 220.9 -127.2 -112.2 -77.2 -67.8 -164.6 -104.6 -120.6 -87.7 -104.1 -110.7 -136.5 -132.0 -50.3 -15.7 23.2 -8.3 Table 1.11. Percentage Shares of Gross Domestic Income [Percent] Line Gross domestic income.................................................................................................................................................................. Compensation of employees, paid......................................................................................................................................................... Wage and salary accruals....................................................................................................................................................................... Disbursements.................................................................................................................................................................................... To persons.......................... 5 To the rest of the world........ Wage accruals less disbursements Supplements to wages and salaries 8 Taxes on production and imports Less: Subsidies....... Net operating surplus Private enterprises Net interest and miscellaneous payments, domestic industries........................................................................................................ Business current transfer payments (net).......................................................................................................................................... Proprietors' income with inventory valuation and capital consumption adjustments Rental income of persons with capital consumption adjustment.................. Corporate profits with inventory valuation and capital consumption adjustments, domestic industries........................................... Taxes on corporate income........................................................................ Profits after tax with inventory valuation and capital consumption adjustments Net dividends.......................................................................................... Undistributed corporate profits with inventory valuation and capital consumption adjustments.............................................. Current surplus of government enterprises Consumption of fixed capital Private.............................. Government.................... IV III 9,890.6 10,026.6 10,058.2 10,145.3 10,175.9 10,200.3 10,330.4 10,440.0 10,560.2 10,592.3 10,639.4 10,712.7 10,855.0 11,053.0 9.944.1 10,213.0 10,558.0 5.787.3 4.833.8 4.833.8 4.826.3 7.5 III 1999 1 2 3 4 100.0 57.6 48.1 48.1 48.0 0.1 0.1 6 7 9.5 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 7.2 0.5 23.8 23.7 6.2 0.7 7.3 1.6 7.8 2.8 5.1 3.2 1.9 0.1 11.8 9.8 2.0 2000 100.0 58.2 48.6 48.6 48.5 0.1 0.0 9.6 7.1 0.4 23.2 23.1 6.6 0.9 7.3 1.5 6.8 2.7 4.1 3.5 0.6 0.1 11.9 10.0 2.0 2001 100.0 58.2 48.4 48.4 48.4 0.1 0.0 9.8 7.1 0.5 22.8 22.8 6.8 0.9 7.5 1.6 6.0 2.0 4.0 3.3 0.7 0.0 12.4 10.4 2.0 2002 100.0 57.1 47.2 47.2 47.1 0.1 0.0 9.9 7.2 0.4 23.9 23.9 6.7 0.9 7.6 1.6 7.1 1.8 5.3 3.4 1.9 0.0 12.2 10.2 2.0 54.0 February 2004 S urvey of 63 C u rrent B u sin ess Table 1.12. National Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II National income................. Compensation of employees.... Wage and salary accruals....... Government......................... Other.................................... Supplements to wages and salaries................................. Employer contributions for employee pension and insurance funds............... Employer contributions for government social insurance......................... Proprietors’ income with IVA and CCAdj............................... Farm......................................... Nonfarm.................................... Rental income of persons with CCAdj...................................... Corporate profits with IVA and CCAdj...................................... Profits after tax with IVA and CCAdj................................... Net dividends........................ Undistributed profits with IVA Net interest and miscellaneous payments................................. Taxes on production and imports.................................... Less: Subsidies........................... Business current transfer payments (net)....................... To persons (net)....................... To government (net)................ To the rest of the world (net).... Current surplus of government enterprises.............................. Cash flow: Net cash flow with IVA and CCAdj................................... Undistributed profits with IVA Consumption of fixed capital Less: Inventory valuation adjustment............................ Addenda: Proprietors’ income with IVA and CCAdj............................ Farm..................................... Proprietors’ income with IVA................................ Capital consumption adjustment................... Nonfarm................................ Proprietors’ income (without IVA and CCAdj) Inventory valuation adjustment................... Capital consumption adjustment................... Rental income of persons with CCAdj................................... Rental income of persons (without CCAdj)............... Capital consumption adjustment....................... Corporate profits with IVA and CCAdj................................... Corporate profits with IVA.... Profits before tax (without IVA and CCAdj)........... Taxes on corporate income..................... Profits after tax (without IVA and CCAdj)....... Net dividends.......... Undistributed profits (without IVA and CCAdj)................. Inventory valuation adjustment................... Capital consumption adjustment....................... 2002 2001 2003 III IV I II III IV I II lil IV I II 8,858.3 5,837.4 4,874.9 779.2 4,095.8 8,891.7 5,871.9 4,898.8 784.9 4,113.9 8,942.2 5,935.6 4,951.9 798.8 4,153.2 8,946.2 5,936.0 4,945.0 809.1 4,135.9 8,894.7 5,940.8 4,938.8 821.4 4,117.4 9,141.8 5,949.3 4,935.8 833.8 4,102.1 9,190.5 5,972.4 4,945.1 846.6 4,098.5 9,281.1 6,014.8 4,973.1 856.0 4,117.1 9,314.9 6,031.1 4,980.9 863.2 4,117.7 9,376.9 6,058.0 4,999.1 873.8 4,125.4 9,434.8 6,115.8 5,034.6 891.4 4,143.3 9,584.9 6,164.8 5,070.8 898.1 4,172.7 944.0 962.5 973.1 983.7 991.0 1,002.1 1,013.5 1,027.3 1,041.7 1 2 3 4 5 8,795.2 5,782.7 4,829.2 774.7 4,054.5 8,981.2 5,940.4 4,942.9 815.8 4,127.1 6 953.4 997.6 / 609.9 642.6 680.4 723.5 603.7 616.5 625.6 629.6 636.5 647.0 657.5 666.6 677.9 685.2 692.1 706.3 8 343.5 354.9 364.1 377.6 340.3 346.0 347.6 354.1 354.5 355.1 356.0 360.7 363.9 365.1 366.7 9 10 11 728.4 22.7 705.7 770.6 25.0 745.6 797.7 14.3 783.4 846.5 19.2 827.2 726.5 23.8 702.7 735.6 23.0 712.6 742.1 20.7 721.4 761.3 24.9 736.5 766.4 24.8 741.5 769.2 23.5 745.7 785.7 26.8 758.9 779.3 12.1 767.2 796.2 15.2 780.9 803.2 13.5 789.7 163.9 148.5 148.2 150.5 153.0 155.6 171.1 172.6 175.9 184.4 833.0 272.5 811.8 260.3 794.3 247.1 755.8 219.1 748.6 217.2 713.6 198 2 863.6 170.1 880.1 181.6 560.5 377.3 551.5 386.6 547.2 387.6 536.7 380.0 531.4 371.5 515.5 368.7 693.5 372.6 183.2 164.9 159.6 156.6 159.9 146 8 9,290.8 8,750.4 6,019.1 6,185.6 5,727.2 4,974.6 5,084.5 4,783.2 859.9 897.7 772.8 4,114.7 4,186.8 4,010.5 1,044.5 1,101.0 1,050.2 1,058.8 III IV 9,781.7 6,213.6 6,248.1 5,104.1 5,128.6 900.0 901.5 4,204.1 4,227.1 1,109.6 1,119.5 717.3 730.7 739.5 374.9 376.6 378.8 380.0 812.2 16.3 795.9 813.5 13.0 800.5 838.8 20.0 818.8 860.9 21.5 839.4 872.7 22.5 850.2 172.7 159.0 163.2 153.4 157.0 182.0 901.9 1971 899.8 198.6 934.9 202.9 927.1 1,022.8 1,124.2 213.9 211.4 230.6 698.6 382.3 704.8 393.5 701.2 404.3 732.0 413.1 713.2 420.3 811.3 427.5 893.7 434.3 320.9 316.3 311 3 296.9 318.9 292.9 383.8 459.3 1,081.2 1,093.9 12 150.3 163.1 173.0 13 14 817.9 265.2 770.4 201.1 904.2 195.0 15 16 552.7 377.9 569.3 373.2 709.1 398.3 17 174.8 196.0 310.8 18 559.0 568.4 582.4 582.3 560.6 564.3 563.0 563.9 566.7 568.0 575.2 581.2 572.8 585.7 589.7 589.3 581.7 579.9 578.1 19 20 708.9 44.3 729.8 55.3 760.1 38.2 788.0 49.2 706.9 44.4 712.2 44.3 718.7 44.1 725.2 52.5 727.2 58.3 727.5 67.2 739.4 43.2 745.8 40.1 757.6 37.9 767.4 38.2 769.5 36.7 774.2 44.7 782.1 56.9 791.5 46.3 804.4 48.8 21 22 23 24 87.1 42.4 43.7 1.0 92.5 49.9 47.3 -4.7 89.8 42.6 46.8 0.4 95.1 45.9 46.7 2.6 85.0 41.8 43.2 0.0 88.9 43.1 44.0 1.9 93.1 44.1 45.2 3.7 97.0 43.3 46.2 7.5 102.4 46.2 46.7 9.5 71.1 65.3 49.3 -43.5 99.5 44.9 46.9 7.7 94.7 44.3 46.5 3.9 90.6 43.2 46.6 0.8 87.8 42.1 46.9 -1.2 86.2 41.0 47.1 -1.8 90.1 45.3 45.4 -0.6 92.5 44.5 46.2 1.8 97.1 46.1 47.3 3.7 100.8 47.7 47.8 5.3 2b 5.3 1.2 2.8 4.9 7.1 4.2 2.2 3.0 1.6 0.6 -0.3 1.2 0.6 5.4 4.1 6.3 5.8 3.7 4.1 1,053.8 1,059.0 1,049.0 1,070.8 1,043.3 1,129.4 1,206.6 311 3 747.7 296.9 752.1 318.9 751.9 292.9 750.4 383.8 745.6 459.3 747.2 12.1 0.9 1,041.7 1,058.1 -11.1 1,060.2 -10.8 1,081.7 -28.1 1,071.4 803.2 13.5 812.2 16.3 813.5 13.0 430.9 ?fi 864.8 937.3 1,058.2 8662 863.0 871.6 873 9 888.3 931 9 1,055.3 71 28 174.8 690.0 196.0 741.3 310.8 747.3 183.2 683.0 164.9 698.2 159.6 712.0 156.6 717.3 159.9 728.4 146 8 785.1 W 30 -14.1 878.9 9.1 928.2 -2.2 1,060.4 -11.3 877.5 -6.3 869.3 -10.1 881.7 -4.9 878.7 -1.6 889.9 14.3 28.7 917.5 1,026.6 31 32 728.4 22.7 770.6 25.0 797.7 14.3 726.5 23.8 735.6 23.0 742.1 20.7 761.3 24.9 766.4 24.8 769.2 23.5 748.1 846.5 19.2 320.9 734.3 785.7 26.8 316.3 737.5 779.3 12.1 796.2 15.2 441.5 749.1 1.2 -1.8 1,128.2 1,208.4 838.8 20.0 860.9 21.5 872.7 22.5 33 28.5 30.9 20.1 25.0 29.5 28.8 26.8 30.7 30.7 29.4 32.7 18.0 21.1 19.3 22.0 18.8 25.8 27.2 28.2 34 35 -5.8 705.7 -5.9 745.6 -5.8 783.4 -5.7 827.2 -5.7 702.7 -5.9 712.6 -6.0 721.4 -5.9 736.5 -5.9 741.5 -5.9 745.7 -5.9 758.9 -5.9 767.2 -5.8 780.9 -5.8 789.7 -5.8 795.9 -5.8 800.5 -5.7 818.8 -5.7 839.4 -5.7 850.2 684.9 36 641.8 654.4 654.1 672.8 639.7 646.3 653.4 662.4 663.1 660.5 631.5 641.0 653.3 659.6 662.4 665.9 663.0 677.6 3/ -1.6 1.3 -0.5 -1.5 -1.3 -0.6 -1.3 -0.4 -0.2 2.0 3.8 0.9 -0.5 -1.2 -1.3 -4.0 1.0 -0.8 -2.0 38 65.5 90.0 129.9 155.9 64.3 66.8 69.3 74.4 78.7 83.2 123.6 125.3 128.1 131.3 134.8 138.6 154.8 162.6 167.3 39 150.3 163.1 173.0 163.9 148.5 148.2 150.5 153.0 155.6 171.1 172.6 175.9 184.4 172.7 159.0 163.2 153.4 157.0 182.0 40 160.8 174.2 184.4 176.1 158.8 158.8 161.5 163.7 167.5 182.0 183.7 187.1 195.8 184.2 170.7 175.4 165.5 169.2 194.4 41 -10.5 -11.1 -11.4 -12.2 -10.3 -10.6 -11.0 -10.7 -11.9 -10.9 -11.1 -11.2 -11.4 -11.5 -11.7 -12.1 -12.1 -12.2 -12.4 4'r> 43 817.9 759.3 770.4 705.9 904.2 742.7 833.0 773.5 811.8 756.3 794.3 740.7 755 8 730.7 748.6 731.4 713 6 685.8 8636 675.7 880.1 702.7 901 9 738.9 899.8 745.1 934.9 784.2 9271 780.9 44 773.4 696.8 745.0 784.8 762.6 750.8 735.5 733.0 671.5 647.0 690.6 738 0 756.3 795.0 809.0 792.5 865.9 4S 265.2 201.1 195.0 272.5 260.3 247.1 219.1 217.2 198.2 170.1 181.6 197.1 198.6 202.9 213.9 211.4 230.6 4fi 47 508.2 377.9 495.6 373.2 549.9 398.3 512.2 377.3 502.3 386.6 503.7 387.6 516.4 380.0 515.8 371.5 473.3 368.7 477.0 372.6 509.0 382.3 540.9 393.5 557.7 404.3 592.1 413.1 595.0 420.3 581.0 427.5 635.4 434.3 430.9 1,022.8 1,124 2 793.6 864.2 48 130.3 122.4 151.6 135.0 115.7 116.1 136.4 144.3 104.6 104.4 126.7 147.4 153.4 179.1 174.7 153.5 201.1 4M -14.1 9.1 -2.2 -11.3 -6.3 -10.1 -4.9 -1.6 14.3 28.7 12.1 09 -11.1 -10.8 -281 1.2 -1 8 bO 58.6 64.5 161.5 59.6 55.5 53.6 25.1 17.2 27.8 187.9 177.4 163.0 154.7 150.7 146.3 229.2 260.1 IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 228.2 441.5 277.1 Comprehensive Revision of the NIPAs 64 February 2004 Table 1.14. Gross Value Added of Domestic Corporate Business in Current Dollars and Gross Value Added of Nonfinancial Domestic Corporate Business in Current and Chained Dollars [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Gross value added of corporate business1..... Consumption of fixed capital....... Net value added........................... Compensation of employees.... Wage and salary accruals.... Supplements to wages and salaries............................. Taxes on production and imports less subsidies......... Net operating surplus.............. Net interest and miscellaneous payments.. Business current transfer payments.......................... Corporate profits with IVA and CCAdj....................... Taxes on corporate income.......................... Profits after tax with IVA and CCAdj.................... Net dividends.............. Undistributed profits with IVA and CCAdj.. Gross value added of financial corporate business1........................ Gross value added of nonfinancial corporate business1........................ Consumption of fixed capital....... Net value added........................... Compensation of employees.... Wage and salary accruals.... Supplements to wages and salaries............................. Taxes on production and imports less subsidies......... Net operating surplus.............. Net interest and miscellaneous payments.. Business current transfer payments......................... Corporate profits with IVA and CCAdj....................... Taxes on corporate income.......................... Profits after tax with IVA and CCAdj................... Net dividends.............. Undistributed profits with IVA and CCAdj.. Addenda: Corporate business: Profits before tax (without IVA and CCAdj)............... Profits after tax (without IVA and CCAdj)...................... Inventory valuation adjustment....................... Capital consumption adjustment........................ Nonfinancial corporate business: Profits before tax (without IVA and CCAdj)............... Profits after tax (without IVA and CCAdj)....................... Inventory valuation adjustment........................ Capital consumption adjustment........................ 2001 2002 2003 Ilf IV I II III IV 1 II III IV I II 6.233.4 6,017.4 747.3 683.0 748.1 5,334.4 5,486.1 3,989.9 4,084.5 3,914.9 3.326.4 3,384.7 3,305.4 6,103.4 698.2 5,405.3 3,994.8 3,375.4 6,121.9 712.0 5,409.9 4,029.7 3,402.7 6,102.5 717.3 5,385.2 4,035.8 3,396.3 6,101.7 728.4 5,373.3 4,027.0 3,384.8 6,071.1 785.1 5,286.0 4,018.3 3,373.2 6,137.3 734.3 5,403.0 3,995.6 3,348.5 6,163.3 737.5 5,425.8 3,949.9 3,305.3 6,239.0 747.7 5,491.3 3,988.6 3,330.7 6,246.3 752.1 5,494.2 4,001.5 3,331.6 6,285.1 751.9 5,533.2 4,019.6 3,337.8 6,321.2 750.4 5,570.8 4,037.2 3,349.7 6,437.7 745.6 5,692.2 4,068.4 3,373.2 687.6 695.2 704.6 711.9 511.6 506.8 1,022.0 1,117.0 524.3 1,214.4 530.4 164.6 III 6.051.8 690.0 5.361.8 3,957.7 3,343.0 6.103.1 741.3 5,361.9 4.019.2 3,375.7 614.7 643.5 663.6 699.8 609.5 619.4 627.0 639.5 642.2 645.1 647.1 644.6 657.9 669.9 681.8 477.1 926.9 474.9 867.7 501.1 995.1 518.3 473.9 945.6 481.4 929.1 487.9 892.3 478.1 871.2 472.9 873.3 462.7 805.0 486.0 921.4 499.2 494.1 981.7 1,003.4 502.2 990.5 508.7 1,004.9 178.1 172.1 168.1 176.8 183.2 183.3 176.1 173.2 171.1 167.9 169.1 167.4 168.5 167.6 165.6 163.4 76.6 86.7 76.2 74.3 78.8 83.4 88.7 104.2 64.3 89.7 83.8 78.2 73.4 69.4 78.0 79.4 83.3 672.2 608.9 750.8 694.5 667.2 625.7 606.5 595.8 569.6 663.8 728.8 757.8 748.7 767.9 778.4 874.3 966.5 265.2 201.1 195.0 272.5 260.3 247.1 219.1 217.2 198.2 170.1 181.6 197.1 198.6 202.9 213.9 211.4 230.6 407.0 348.4 407.8 337.9 555.8 358.9 422.0 353.1 406.9 368.9 378.6 343.3 387.3 339.0 378.6 324.6 371.4 344.6 493.8 343.5 547.2 351.3 560.7 362.4 550.1 346.6 565.0 375.6 564.5 375.7 662.8 388.4 735.9 382.7 58.6 69.9 196.8 68.9 38.0 35.3 48.4 54.1 26.8 150.2 196.0 198.3 203.5 189.5 188.8 274.5 353.2 779.6 803.8 822.9 764.7 786.5 799.4 802.2 800.6 786.3 826.2 840.4 831.0 814.3 805.8 842.0 856.1 880.4 5.272.2 567.8 4.704.3 3.544.4 2,989.8 5,299.3 610.5 4,688.9 3,597.0 3,016.7 5,252.7 5,410.6 562.2 618.2 621.1 4,792.4 4,690.5 3,570.1 3.654.9 3,506.0 2,971.8 3.023.9 2,956.2 5,316.9 574.3 4,742.6 3,577.5 3,018.8 5,322.4 585.3 4,737.1 3,608.9 3,043.2 5,300.3 592.1 4,708.2 3,611.9 3,035.1 5,301.0 602.3 4,698.7 3,604.0 3,024.8 5,284.8 640.8 4,644.0 3,596.3 3,014.4 5,311.1 606.6 4,704.5 3,576.0 2,992.4 5,322.9 609.2 4,713.7 3,534.2 2,953.0 5,408.0 617.8 4,790.2 3,568.9 2,975.7 5,432.0 622.4 4,809.6 3,580.5 2,976.5 5,479.3 623.4 4,856.0 3,596.8 2,982.1 5,479.2 622.9 4,856.3 3,612.6 2,992.7 5,581.7 619.4 4,962.3 3,640.5 3,013.7 IV 6,589.2 747.2 749.1 5,842.0 4,103.2 4,129.1 3,398.6 3,417.2 5,708.8 621.3 623.5 5,087.4 3,671.7 3,694.9 3,036.4 3,053.0 554.5 580.4 598.3 631.0 549.9 558.7 565.7 576.8 579.2 581.9 583.6 581.2 593.2 604.0 614.7 619.9 626.8 635.3 641.9 443.4 716.5 440.3 651.5 464.5 757.7 480.1 440.3 744.2 447.6 717.5 453.9 674.4 444.0 652.3 438.5 656.2 427.9 619.8 450.8 677.7 458.3 721.1 462.9 758.4 465.4 763.6 471.5 787.6 474.1 769.6 469.0 852.8 486.0 929.7 491.4 191.7 205.8 206.9 189.7 196.0 197.6 204.9 205.8 207.0 205.7 207.1 205.9 207.8 207.0 204.5 201.4 202.9 48.4 50.0 59.1 47.9 48.1 49.3 51.2 55.8 37.3 55.8 56.9 58.2 59.7 61.4 55.1 56.7 59.6 476.4 395.6 491.7 506.6 473.5 427.5 396.2 394.6 375.5 416.1 457.2 494.3 496.1 519.3 510.0 594.7 667.3 170.2 108.7 101.6 181.4 165.9 150.0 124.2 126.2 111.1 73.4 83.5 101.1 107.3 114.5 119.8 117.7 133.6 306.2 251.3 286.9 248.2 390.2 257.2 325.2 255.8 307.6 264.2 277.5 244.2 272.1 246.4 268.4 238.9 264.4 254.6 342.8 252.8 373.7 255.6 393.2 260.6 388.9 246.7 404.8 265.7 390.2 265.8 477.0 274.8 533.7 270.8 54.8 38.7 133.0 69.4 43.4 33.3 25.6 29.5 9.7 89.9 118.1 132.6 142.1 139.1 124.4 202.2 262.9 627.7 535.3 591.6 646.2 618.0 582.2 586.2 580.3 527.4 447.3 539.3 593.9 605.2 628.1 660.2 644.0 708.2 362.5 334.1 396.5 373.7 357.7 335.1 367.1 363.1 329.2 277.2 357.7 396.8 406.5 425.2 446.3 432.5 477.6 -14.1 9.1 -2.2 -11.3 -6.3 -10.1 -4.9 -1.6 14.3 28.7 12.1 0.9 -11.1 -10.8 -28.1 1.2 -1.8 58.6 64.5 161.5 59.6 55.5 53.6 25.1 17.2 27.8 187.9 177.4 163.0 154.7 150.7 146.3 229.2 260.1 228.2 423.9 309.6 336.5 451.3 415.8 373.7 357.9 360.4 316.3 204.1 271.7 333.3 356.2 384.7 398.4 383.4 433.6 253.7 200.9 234.9 269.9 249.9 223.7 233.7 234.2 205.2 130.7 188.3 232.2 248.9 270.3 278.6 265.7 299.9 -14.1 9.1 -2.2 -11.3 -6.3 -10.1 -4.9 -1.6 14.3 28.7 12.1 0.9 -11.1 -10.8 -28.1 1.2 -1.8 76.8 157.5 66.6 64.0 63.9 43.3 35.8 44.9 183.4 173.3 160.1 151.1 145.4 139.7 210.1 235.5 208.5 277.1 248.8 Value added, in billions of chained (2000) dollars Gross value added of nonfinancial corporate business2....................... Consumption of fixed capital3........................ Net value added4 ........... 40 5,272.2 5,235.4 5,339.0 5,257.7 5,302.7 5,301.2 5,272.5 5,237.1 5,207.1 5,225.1 5,255.0 5,326.6 5,368.7 5,405.7 5,412.1 5,505.2 5,618.3 1. Estimates for financial corporate business and nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Effective December 10,2003, the price index used to estimate chained- dollar gross value added of nonfinancial corporate business has been revised to reflect the 2000 reference year. Effective with the estimates scheduled for release in July 2004, the current-dollar value added will be deflated by a revised chain-type price index calculated using the gross value added chain-type price index for nonfinancial industries from the comprehensive revision to the GDP-by-industry accounts. 3. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. 4. Chained-dollar net value added of nonfinancial corporate business is the difference between the gross product and the consumption of fixed capital. IVA Inventory valuation adjustment CCAdj Capital consumption adjustment February 2004 S urvey of 65 C u rren t B u sin ess Table 1.15. Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Domestic Corporate Business [Dollars] Seasonally adjusted Line Price per unit of real grass value added of nonfinancial corporate business1.............. Compensation of employees (unit labor cost)..................... Unit nonlabor cost..................... Consumption of fixed capital.... Taxes on production and imports less subsidies plus business current transfer payments.............................. Net interest and miscellaneous payments.............................. Corporate profits with IVA and CCAdj (unit profits from current production)............... Taxes on corporate income..... Profits after tax with IVA and CCAdj................................... 2000 2001 2002 2003 2000 2001 1.000 1.012 1.013 0.999 1.003 1.004 0.672 0.237 0.108 0.687 0.250 0.117 0.669 0.253 0.116 0.667 0.236 0.107 0.675 0.238 0.108 0.681 0.242 0.110 0.685 0.245 0.112 0.093 0.094 0.098 0.093 0.093 0.095 0.036 0.039 0.039 0.036 0.037 0.037 0.090 0.032 0.076 0.021 0.092 0.019 0.096 0.035 0.089 0.031 0.058 0.055 0.073 0.062 0.058 1.005 1.012 2003 2002 1.014 1.016 0.668 0.251 0.115 0.661 0.245 0.113 0.654 0.244 0.111 0.099 0.098 0.095 0.097 0.038 0.038 0.037 0.036 0.092 0.020 0.096 0.021 0.094 0.022 0.108 0.021 0.119 0.024 0.072 0.075 0.072 0.087 0.095 1.015 1.012 1.014 0.673 0.253 0.116 0.670 0.253 0.116 0.667 0.253 0.116 0.665 0.252 0.115 0.097 0.098 0.098 0.098 0.039 0.039 0.039 0.039 0.072 0.021 0.080 0.014 0.087 0.016 0.093 0.019 0.051 0.066 0.071 0.074 1.015 1.016 0.688 0.248 0.115 0.691 0.252 0.123 0.684 0.252 0.116 0.094 0.094 0.089 0.039 0.039 0.040 0.081 0.028 0.075 0.024 0.075 0.024 0.052 0.052 0.051 1.013 1.012 I.The implicit price deflator for gross value added of nonfinancial corporate business divided by 100. Estimates for nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later esti mates for these industries are based on the North American Industry Classification System (NAICS). N ote : Effective December 10,2003, the price index used to estimate chained-dollar gross value added of nonfinancial corporate business has been revised to reflect the 2000 reference year. Effective with the estimates scheduled for release in July 2004, the current- dollar value added will be deflated by a revised chain-type price index calculated using the gross value added chain-type price index for nonfinancial industries from the comprehensive revision to the GDP-by-industry accounts. IVA Inventory valuation adjustment CCAdj Capital consumption adjustment Table 1.16. Sources and Uses of Private Enterprise Income [Billions of dollars] Line Sources of private enterprise income............................................................................................................................. Net operating surplus............................. Income receipts on assets..................... Interest................................................ Dividend receipts from the rest of the world............................................................................................................................ Reinvested earnings on U.S. direct investment abroad Uses of private enterprise income.................... Income payments on assets.......................................... Interest and miscellaneous payments1..................... Dividend payments to the rest of the world............................................................................................................................. Reinvested earnings on foreign direct investment in the United States Business current transfer payments (net)............................................. To persons (net)................................................................................ To government (net).......................................................................... To the rest of the world (net)............................................................. Proprietors’ income with inventory valuation and capital consumption adjustments Rental income of persons with capital consumption adjustment.......... Corporate profits with inventory valuation and capital consumption adjustments...................................................................... Taxes on corporate income........................................................................................................................... To government....... To the rest of the world 21 Profits after tax with inventory valuation and capital consumption adjustments.......................................... Net dividends.................................................................................................................... Undistributed corporate profits with inventory valuation and capital consumption adjustments........................................ 1. Includes rent paid by private enterprises to government. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 22 23 24 1999 9.9 3,844.2 2,200.6 1,643.6 1,466.8 92.7 84.1 3,844.2 2,100.0 2,044.7 51.0 4.3 67.4 34.1 35.9 -2.6 678.3 147.3 851.3 258.6 248.8 592.6 337.4 255.3 2000 10.2 4,263.6 2,299.1 1,964.5 1,762.0 86.3 116.1 4,263.6 2,480.0 2,423.2 56.8 -0.1 87.1 42.4 43.7 1.0 728.4 150.3 817.9 265.2 255.0 552.7 377.9 174.8 2001 2002 4,228.1 2,324.9 1,903.2 1,724.6 81.2 97.3 4,228.1 2,431.5 2,414.4 46.0 -28.9 92.5 49.9 47.3 -4.7 770.6 163.1 770.4 201.1 192.0 9.2 4,281.5 2,520.3 1,761.1 1,558.7 81.5 121.0 4,281.5 2,316.7 2,267.7 42.1 6.9 89.8 42.6 46.8 0.4 797.7 173.0 904.2 195.0 185.9 9.2 569.3 373.2 196.0 709.1 398.3 310.8 66 February 2004 Personal Incom e and Outlays 2. P ersonal Incom e and Outlays. Table 2.1. Personal Income and Its Disposition [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Personal income......................... Compensation of employees, received................................ Wage and salary disbursements................. Private industries............. Government...................... Supplements to wages and salaries............................. Employer contributions for employee pension and insurance funds........... Employer contributions for government social insurance..................... Proprietors’ income with inventory valuation and capital consumption adjustments.......................... Farm..................................... Nonfarm................................ Rental income of persons with capital consumption adjustment............................ Personal income receipts on assets................................... Personal interest income..... Personal dividend income.... Personal current transfer receipts................................. Government social benefits to persons......................... Old-age, survivors, disability, and health insurance benefits....... Government unemployment insurance benefits....... Veterans benefits............. Family assistance1.......... Other................................ Other current transfer receipts, from business (net).................................. Less: Contributions for government social insurance Less: Personal current taxes.... Equals: Disposable personal income..................................... Less: Personal outlays.............. Personal consumption expenditures......................... Personal interest payments2 .... Personal current transfer payments.............................. To government..................... To the rest of the world (net) Equals: Personal saving........... Personal saving as a percentage of disposable personal income................ Addenda: Disposable personal income: Total, billions of chained (2000) dollars3................. Per capita: Current dollars................. Chained (2000) dollars.... Population (midperiod, thousands)............................ Percent change from preceding period: Disposable personal income, current dollars.. Disposable personal income, chained (2000) dollars.............................. 1 8,429.7 8,713.1 III 2001 IV I II 2002 III IV I II 2003 III IV II III IV 2 5,782.7 5,940.4 6,019.1 6,185.6 5,727.2 5,837.4 5,871.9 5,935.6 5,936.0 5,940.8 5,949.3 5,972.4 6,014.8 6,031.1 6,058.0 6,114.4 6,166.2 6,213.6 6,248.1 3 4,829.2 4,942.9 4,974.6 5,084.5 4,783.2 4,874.9 4,898.8 4,951.9 4,945.0 4,938.8 4,935.8 4,945.1 4,973.1 4,980.9 4,999.1 5,033.2 5,072.2 5,104.1 5,128.6 4 4,054.5 4,127.1 4,114.7 4,186.8 4,010.5 4,095.8 4,113.9 4,153.2 4,135.9 4,117.4 4,102.1 4,098.5 4,117.1 4,117.7 4,125.4 4,143.3 4,172.7 4,204.1 4,227.1 774.7 859.9 897.7 779.2 821.4 815.8 772.8 784.9 798.8 809.1 833.8 846.6 5 856.0 863.2 873.8 890.0 899.5 900.0 901.5 6 953.4 997.6 7 609.9 642.6 680.4 8 343.5 354.9 9 10 11 728.4 22.7 705.7 12 150.3 1,044.5 1,101.0 944.0 962.5 973.1 983.7 991.0 1,002.1 1,013.5 723.5 603.7 616.5 625.6 629.6 636.5 647.0 657.5 666.6 364.1 377.6 340.3 346.0 347.6 354.1 354.5 355.1 356.0 770.6 25.0 745.6 797.7 14.3 783.4 846.5 19.2 827.2 726.5 23.8 702.7 735.6 23.0 712.6 742.1 20.7 721.4 761.3 24.9 736.5 766.4 24.8 741.5 769.2 23.5 745.7 163.1 173.0 163.9 148.5 148.2 150.5 153.0 155.6 171.1 13 1,387.0 1,374.9 1,378.5 982.4 14 1,011.0 1,003.7 371.2 396.2 15 376.1 1,389.3 1,385.6 1,406.2 1,406.5 1,391.8 1,378.1 960.6 1,010.2 1,021.4 1,020.8 1,013.7 1,008.5 428.7 375.4 384.7 385.7 378.1 369.6 1,027.3 1,041.7 1,050.2 1,058.8 1,081.2 677.9 685.2 692.1 706.3 717.3 730.7 739.5 360.7 363.9 365.1 366.7 374.9 376.6 378.8 380.0 785.7 26.8 758.9 779.3 12.1 767.2 796.2 15.2 780.9 803.2 13.5 789.7 812.2 16.3 795.9 813.5 13.0 800.5 838.8 20.0 818.8 860.9 21.5 839.4 872.7 22.5 850.2 172.6 159.0 163.2 153.4 157.0 182.0 1,392.0 1,388.6 1,390.2 1,389.2 981.2 964.9 957.0 970.6 410.8 418.0 425.3 432.2 1,389.1 949.7 439.5 175.9 184.4 172.7 1,367.4 1,362.3 1,359.3 991.7 1,000.7 979.1 366.7 370.6 380.2 1,375.4 984.0 391.4 1,387.5 985.3 402.2 1,093.9 1,109.6 1,119.5 16 1,084.0 1,192.6 1,292.2 1,376.7 1,080.8 1,094.8 1,106.0 1,148.0 1,181.9 1,208.0 1,232.3 1,260.5 1,291.1 1,301.6 1,315.6 1,337.6 1,369.7 1,398.7 1,400.8 17 1,041.6 1,142.6 1,249.5 1,330.8 1,038.9 1,051.6 1,061.8 1,104.7 1,135.6 1,142.7 1,187.5 1,216.2 1,247.9 1,259.4 1,274.6 1,292.4 1,325.3 1,352.6 1,353.1 18 620.8 668.4 710.3 743.3 621.5 625.2 631.0 655.1 663.3 674.7 680.4 699.4 707.0 713.8 721.1 732.3 741.8 745.6 753.4 19 20 21 22 20.3 25.1 18.4 357.0 31.7 26.7 18.6 397.2 53.4 29.9 19.7 436.2 55.2 32.5 20.3 479.6 19.5 25.0 18.4 354.6 20.1 25.1 18.5 362.8 21.3 25.4 18.5 365.6 25.3 26.0 18.4 380.0 28.2 26.4 18.5 399.2 33.0 26.7 18.7 389.6 40.4 27.8 18.9 420.0 42.3 28.7 19.4 426.5 60.2 29.6 19.6 431.4 57.3 30.4 19.9 438.1 53.8 30.9 20.1 448.8 51.9 31.8 20.2 456.3 56.3 32.4 20.3 474.5 58.6 33.0 20.3 495.1 54.1 32.8 20.4 492.5 23 42.4 49.9 42.6 45.9 41.8 43.1 44.1 43.3 46.2 65.3 44.9 44.3 43.2 42.1 41.0 45.3 44.5 46.1 47.7 702.7 750.3 24 728.5 25 1,235.7 1,243.7 1,053.1 774.5 987.5 696.3 1,231.1 707.7 1,248.0 711.2 726.3 1,256.6 1,302.1 727.6 1,308.7 743.7 749.6 1,069.9 1,043.7 752.1 1,053.0 755.5 1,045.6 768.7 772.3 1,009.4 1,000.2 776.9 936.0 780.2 1,004.3 729.2 731.1 1,120.9 1,243.0 26 7,194.0 7,469.4 7,857.2 8,200.0 7,141.2 7,266.4 7,309.3 7,361.3 7,381.6 7,606.4 7,528.1 7,733.7 7,868.6 7,891.0 7,935.6 8,039.2 8,145.8 8,306.6 8,308.3 27 7,025.6 7,342.2 7,674.0 8,036.2 6,970.0 7,076.3 7,168.1 7,219.7 7,302.3 7,395.7 7,451.0 7,538.1 7,646.8 7,722.0 7,789.2 7,888.3 7,956.7 8,118.5 8,181.2 28 6,739.4 7,045.4 7,385.3 7,752.3 6,688.1 6,783.9 6,871.6 6,934.3 7,017.4 7,058.1 7,171.6 7,256.5 7,355.5 7,428.2 7,501.2 7,600.7 7,673.6 7,836.3 7,898.4 204.7 194.7 210.4 184.8 201.0 213.3 209.9 211.9 211.0 203.6 196.1 196.2 187.7 183.2 185.1 29 209.1 198.9 186.2 184.6 30 31 32 33 81.5 50.0 31.5 168.5 87.7 54.6 33.1 127.2 94.0 58.6 35.4 183.2 99.1 63.1 36.0 163.8 81.0 49.4 31.6 171.3 82.0 50.7 31.3 190.1 83.1 51.9 31.2 141.2 75.4 53.0 22.4 141.7 73.0 54.1 18.9 79.3 126.7 55.1 71.6 210.7 75.8 56.1 19.7 77.1 85.5 57.0 28.5 195.6 92.5 58.0 34.5 221.7 97.6 59.1 38.6 169.0 100.3 60.1 40.2 146.4 101.3 61.3 40.1 151.0 100.0 62.5 37.5 189.0 97.6 63.7 33.9 188.1 97.6 64.9 32.7 127.2 34 2.3 1.7 2.3 2.0 2.4 2.6 1.9 1.9 1.1 2.8 1.0 2.5 2.8 2.1 1.8 1.9 2.3 2.3 1.5 35 7,194.0 7,320.2 7,596.7 7,787.4 7,157.5 7,249.3 7,259.6 7,254.6 7,228.8 7,440.6 7,356.6 7,544.8 7,621.5 7,605.2 7,615.8 7,662.0 7,753.5 7,872.3 7,862.1 26,250 25,652 26,903 26,246 27,303 26,314 27,675 26,376 27,971 26,624 28,443 26,956 28,371 26,847 36 37 25,467 25,467 26,156 25,633 27,223 26,320 28,116 26,701 25,320 25,378 25,688 25,627 25,764 25,589 25,884 25,508 25,887 25,352 26,599 26,019 27,302 26,445 27,381 26,278 38 282,479 285,574 288,627 291,652 282,037 282,873 283,699 284,402 285,142 285,970 286,781 287,468 288,202 289,019 289,818 290,492 291,221 292,043 292,851 39 7.5 3.8 5.2 4.4 4.7 7.2 2.4 2.9 1.1 12.8 -4.1 11.4 7.2 1.1 2.3 5.3 5.4 8.1 0.1 40 4.8 1.8 3.8 2.5 2.7 5.2 0.6 -0.3 -1.4 12.2 -4.4 10.6 4.1 -0.9 0.6 2.4 4.9 6.3 -0.5 1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. 2. Consists of nonmortgage interest paid by households. 3. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. I 8,910.3 9,187.4 8,372.3 8,514.4 8,565.8 8,663.5 8,690.2 8,727.4 8,771.2 8,803.6 8,912.2 8,944.0 8,981.3 9,048.7 9,145.9 9,242.5 9,312.6 February 2004 S urvey 67 C u rren t B u sin ess of Table 2.2B. Wage and Salary Disbursements by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2001 2003 I Wage and salary disbursements Private industries..................... Goods-producing industries. Manufacturing.................. Services-producing industries......................... Trade, transportation, and utilities.......................... Other services-producing industries1.................... Government.............................. 2002 II III IV I II 2003 III IV I II IV III 1 2 3 4 4,829.2 4,054.5 1,066.5 749.3 4,942.9 4,127.1 1,044.6 709.1 4,974.6 4,114.7 1,010.9 675.7 5,084.5 4,186.8 1,007.4 668.7 4,951.9 4,153.2 1,076.8 748.0 4,945.0 4,135.9 1,054.7 718.3 4,938.8 4,117.4 1,031.7 692.6 4,935.8 4,102.1 1,015.3 677.4 4,945.1 4,098.5 1,011.1 673.9 4,973.1 4,117.1 1,014.9 680.1 4,980.9 4,117.7 1,010.7 676.3 4,999.1 4,125.4 1,007.1 672.6 5,033.2 4,143.3 1,005.8 670.5 5,072.2 4,172.7 1,003.4 666.5 5.104.1 4.204.1 1,006.0 666.9 5,128.6 4,227.1 1,014.3 670.8 5 2,988.0 3,082.5 3,103.7 3,179.4 3,076.4 3,081.2 3,085.7 3,086.8 3,087.5 3,102.1 3,107.0 3,118.3 3,137.5 3,169.3 3,198.1 3,212.8 6 826.5 844.9 844.7 863.0 847.7 843.8 843.3 844.8 838.9 844.7 847.6 847.6 855.0 859.5 866.1 871.6 7 8 2,161.5 774.7 2,237.6 815.8 2,259.0 859.9 2,316.4 897.7 2,228.7 798.8 2,237.4 809.1 2,242.4 821.4 2,242.0 833.8 2,248.5 846.6 2,257.4 856.0 2,259.4 863.2 2,270.7 873.8 2,282.6 890.0 2,309.8 899.5 2,332.0 900.0 2,341.2 901.5 1. Other services-producing industries consists of information; finance and insurance; real estate and rental and leasing; professional, scientific, and technical services; management of companies and enterprises, administrative and support and waste management and remediation services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services. N ote. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS). Table 2.3.1. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Personal consumption expenditures.................. Durable goods............................ Motor vehicles and parts......... Furniture and household equipment............................. Other........................................ Nondurable goods..................... Food......................................... Clothing and shoes.................. Gasoline, fuel oil, and other energy goods........................ Gasoline and oil................... Fuel oil and coal.................. Other........................................ Services.... ........... Housing. ........... Household operation............... Electricity and gas............... Other household operation... Transportation........................... Medical care............................. Recreation................................ Other........................................ Addenda: Energy goods and services1.... Personal consumption expenditures excluding food and energy............................ IV I II III IV I II 2003 III IV I II III IV 1 2 3 4.7 7.3 3.8 2.5 4.1 4.9 3.4 6.5 4.4 3.1 7.4 4.2 2.5 -9.5 -24.3 3.9 6.0 7.7 3.4 0.7 0.4 0.5 1.7 1.1 2.3 9.8 18.6 1.9 0.7 -3.3 6.2 27.3 46.6 4.1 1.6 -10.0 2.6 0.5 -5.9 2.0 5.0 7.5 2.2 0.3 -8.0 2.5 0.5 -4.2 3.3 17.7 15.3 6.9 28.0 39.7 2.6 0.9 -10.3 4 5 6 7 8 11.5 8.0 3.8 3.5 5.3 5.9 -0.9 1.9 1.3 1.9 10.0 4.8 3.0 2.3 5.1 9.9 10.3 3.7 3.8 4.8 6.1 2.3 5.7 4.2 7.2 6.1 2.1 2.3 0.9 6.5 2.4 -1.5 3.7 1.5 1.3 6.1 -4.3 0.4 2.3 -2.5 5.3 -1.4 -1.1 -0.4 0.4 7.8 -2.2 2.9 0.2 5.1 13.7 10.3 4.7 1.4 6.5 15.4 8.4 6.1 5.8 11.4 7.7 3.4 0.4 2.0 0.4 3.7 1.3 0.2 0.3 -0.4 8.2 7.0 4.6 2.3 7.5 1.3 11.0 5.7 6.7 3.0 19.4 20.0 1.2 2.4 7.8 22.9 12.5 7.3 7.3 9.4 11.7 10.0 4.4 3.2 1.1 9 10 11 12 13 14 15 16 17 18 19 20 21 -0.6 -0.3 -3.5 4.8 4.5 2.9 4.9 3.7 5.6 2.8 3.8 4.1 7.8 1.7 2.3 -4.3 2.8 2.4 2.7 0.0 -1.5 1.0 -0.6 4.3 2.3 1.8 2.3 2.1 5.1 3.5 3.0 2.7 1.1 2.9 0.0 -1.7 5.7 3.8 2.1 -0.8 -1.0 1.7 4.7 2.0 2.2 0.6 0.2 0.8 -2.3 5.1 2.3 -0.2 -2.9 -5.1 28.0 10.9 3.9 3.1 13.6 26.3 7.3 2.7 4.5 5.3 0.4 -2.3 -3.3 9.5 3.9 4.3 2.7 4.2 5.2 3.5 -0.4 4.0 3.7 8.1 13.5 13.4 14.3 5.4 3.9 2.8 11.1 30.2 0.5 0.2 4.1 1.5 3.6 6.2 8.7 -16.8 -3.5 0.3 3.2 -5.7 -8.0 -4.7 0.9 3.4 3.2 -4.5 -17.0 -15.9 -29.0 3.2 2.4 2.5 -7.0 -25.6 7.3 -0.2 4.4 -0.8 6.0 5.0 4.4 11.9 5.8 1.6 2.0 -1.0 -2.5 -0.2 -4.8 5.8 2.0 -0.6 20.2 21.9 2.3 4.9 2.8 2.4 -4.1 -8.4 -1.7 -4.8 5.6 5.5 4.6 6.0 7.4 -8.8 3.8 3.8 3.3 4.6 14.2 -0.6 3.7 6.7 6.9 -0.1 -11.1 -13.7 26.8 1.2 4.1 3.0 9.6 20.3 3.7 -1.6 5.5 2.4 3.9 -4.9 -5.9 7.7 2.0 2.2 2.5 -3.5 -3.4 -3.7 -4.1 4.5 1.8 3.4 12.7 10.5 40.2 4.5 1.5 2.3 0.9 6.1 -2.0 -3.1 6.1 3.2 -3.3 4.2 7.0 -21.7 5.9 1.5 2.3 1.0 0.4 1.4 0.5 5.1 0.0 -2.8 -18.6 -17.8 -26.8 3.6 1.7 1.8 -3.3 -12.7 3.2 ^ .0 4.6 3.6 1.3 3.7 1.5 31.1 7.6 2.8 2.2 3.5 4.1 3.2 -2.2 5.0 2.6 1.9 11.1 9.6 28.3 6.2 2.1 1.3 3.2 5.6 1.8 -2.1 4.5 5.0 -0.2 22 1.3 0.3 2.6 -0.3 8.6 1.0 20.7 -0.2 -20.9 1.6 6.2 9.5 2.2 -4.3 9.6 2.5 -16.1 3.9 8.6 23 5.1 2.8 3.7 3.2 1.9 4.6 2.7 0.2 4.4 2.1 7.0 3.5 2.7 2.6 1.8 1.9 4.8 7.0 2.1 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. III 2002 2001 Personal Incom e and O utlays 68 February 2004 Table 2.3.2. Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Percent change at annual rate: Personal consumption expenditures.................. Percentage points at annual rates: Durable goods............................ Motor vehicles and parts......... Furniture and household equipment............................. Other........................................ Nondurable goods...................... Food......................................... Clothing and shoes.................. Gasoline, fuel oil, and other energy goods....................... Gasoline and oil................... Fuel oil and coal.................. Other........................................ Services....................................... Housing.................................... Household operation............... Electricity and gas............... Other household operation... Transportation........................... Medical care............................. Recreation................................ Other........................................ Addenda: Energy goods and services1.... Personal consumption expenditures excluding food and energy........................... III 2001 IV I II 2002 IV III I II 2003 III IV I II IV III 1 4.7 2.5 3.4 3.1 2.5 3.9 3.4 0.5 2.3 1.9 6.2 4.1 2.6 2.0 2.2 2.5 3.3 6.9 2.6 2 3 0.93 0.22 0.52 0.28 0.79 0.25 0.87 0.23 -1.30 -1.64 0.76 0.43 0.09 0.02 0.27 0.06 1.19 0.99 0.09 -0.19 3.14 2.32 0.19 -0.63 0.05 -0.35 0.61 0.41 0.03 -0.46 0.06 -0.23 1.98 0.77 3.13 1.92 0.11 -0.61 4 5 6 7 8 0.52 0.19 1.09 0.49 0.24 0.27 -0.02 0.53 0.18 0.08 0.43 0.11 0.87 0.31 0.21 0.41 0.23 1.05 0.52 0.19 0.28 0.05 1.61 0.57 0.31 0.28 0.05 0.66 0.13 0.28 0.11 -0.04 1.07 0.21 0.06 0.30 -0.09 0.12 0.32 -0.11 0.23 -0.03 -0.31 -0.05 0.02 0.33 -0.05 0.85 0.03 0.21 0.58 0.23 1.34 0.20 0.27 0.64 0.19 1.68 0.79 0.46 0.33 0.08 0.10 0.27 0.02 0.16 0.03 0.05 0.04 -0.02 0.34 0.15 1.28 0.32 0.30 0.06 0.24 1.59 0.89 0.12 0.77 0.43 0.35 0.32 0.30 0.92 0.29 2.08 0.99 0.37 0.49 0.23 1.26 0.44 0.04 9 10 11 12 13 14 15 16 17 18 19 20 21 -0.02 -0.01 -0.01 0.38 2.65 0.43 0.28 0.08 0.21 0.12 0.59 0.16 1.07 0.05 0.06 -0.01 0.23 1.40 0.41 0.00 -0.03 0.03 -0.02 0.66 0.09 0.26 0.06 0.05 0.01 0.28 1.76 0.42 0.06 0.06 0.00 -0.07 0.90 0.15 0.29 -0.02 -0.02 0.00 0.37 1.18 0.34 0.03 0.00 0.03 -0.09 0.83 0.09 -0.03 -0.08 -0.14 0.05 0.81 2.25 0.45 0.73 0.47 0.26 0.12 0.67 0.20 0.07 -0.07 -0.09 0.02 0.31 2.49 0.40 0.23 0.11 0.13 -0.02 0.61 0.15 1.12 0.37 0.34 0.03 0.43 2.25 0.42 0.62 0.60 0.02 0.01 0.63 0.06 0.51 0.18 0.22 -0.05 -0.27 0.13 0.48 -0.39 -0.22 -0.17 0.04 0.52 0.13 -0.65 -0.53 -0.45 -0.08 0.25 1.40 0.38 -0.45 -0.70 0.25 -0.01 0.68 -0.03 0.82 0.14 0.11 0.02 0.46 0.94 0.31 -0.07 -0.06 -0.01 -0.21 0.91 0.08 -0.08 0.47 0.47 0.00 0.40 1.68 0.37 -0.24 -0.18 -0.06 -0.20 0.89 0.22 0.65 0.14 0.15 -0.02 0.30 2.24 0.50 0.26 0.28 -0.02 0.14 1.06 0.27 0.00 -0.28 -0.32 0.04 0.09 2.43 0.47 0.52 0.39 0.13 -0.07 0.88 0.10 0.54 -0.12 -0.14 0.01 0.16 1.30 0.39 -0.20 -0.07 -0.13 -0.17 0.72 0.07 0.48 0.30 0.23 0.07 0.36 0.92 0.35 0.05 0.12 -0.07 -0.13 0.98 0.13 -0.47 0.11 0.17 -0.06 0.47 0.88 0.36 0.06 0.01 0.05 0.02 0.84 0.00 -0.39 -0.56 -0.49 -0.07 0.29 1.02 0.28 -0.18 -0.29 0.11 -0.16 0.75 0.15 0.18 0.10 0.04 0.06 0.61 1.68 0.35 0.20 0.09 0.11 -0.08 0.84 0.11 0.27 0.28 0.22 0.06 0.49 1.23 0.20 0.18 0.12 0.06 -0.08 0.75 0.20 -0.03 22 0.06 0.01 0.12 -0.02 0.39 0.04 0.97 -0.04 -1.23 0.08 0.29 0.42 0.11 -0.19 0.43 0.12 -0.86 0.19 0.40 23 4.12 2.26 2.98 2.61 1.59 3.74 2.23 0.24 3.55 1.76 5.67 2.91 2.21 2.11 1.49 1.52 3.88 5.71 1.76 I II 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. Table 2.3.3. Real Personal Consumption Expenditures by Major Type of Product, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2000 2003 II Personal consumption expenditures.................. Durable goods............................ Motor vehicles and parts......... Furniture and household equipment............................. Other........................................ Nondurable goods...................... Food......................................... Clothing and shoes.................. Gasoline, fuel oil, and other energy goods........................ Gasoline and oil.................... Fuel oil and coal.................. Other........................................ Services....................................... Housing.................................... Household operation............... Electricity and gas............... Other household operation... Transportation........................... Medical care............................. Recreation................................ Other........................................ Addenda: Energy goods and services1.... Personal consumption expenditures excluding food and energy........................... 1 100.000 102.452 105.951 109.242 2 100.000 104.144 110.868 119.033 3 100.000 104.879 109.522 114.172 IV I II 2002 III IV I II 2003 III IV III IV 99.465 100.424 101.270 101.400 101.971 102.446 103.989 105.043 105.715 106.229 106.819 107.489 108.378 110.197 110.904 98.609 100.056 100.238 100.669 103.039 103.219 109.648 110.076 110.202 111.557 111.638 111.779 116.420 123.834 124.100 97.309 99.133 99.223 99.485 103.812 102.943 113.277 110.341 108.679 110.672 108.395 107.228 111.116 120.794 117.549 4 5 6 7 8 100.000 100.000 100.000 100.000 100.000 105.920 99.098 101.852 101.280 101.941 116.544 103.870 104.949 103.573 107.183 128.052 99.480 100.956 114.545 99.974 100.489 108.864 99.835 100.398 107.507 100.045 100.280 112.323 99.554 101.139 104.398 98.678 101.124 101.138 100.932 106.375 98.124 101.857 101.200 102.195 109.843 100.564 103.029 101.557 103.817 113.840 102.617 104.556 103.003 106.667 115.958 103.478 104.652 103.514 106.771 117.021 103.809 104.703 103.588 106.673 119.356 105.576 105.885 104.188 108.622 119.740 108.357 107.358 105.885 109.416 125.172 113.405 107.685 106.508 111.495 131.794 116.799 109.607 108.390 114.037 135.501 119.617 110.806 109.246 114.344 9 10 11 12 13 14 15 16 17 18 19 20 21 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 101.719 102.272 95.745 102.844 102.382 102.726 100.033 98.513 100.952 99.420 104.295 102.298 101.835 104.060 104.375 100.648 106.466 105.420 105.508 101.117 101.352 100.959 97.774 110.250 106.169 103.935 103.209 99.311 98.736 101.916 103.467 98.755 103.306 99.298 98.474 101.622 103.758 99.361 102.340 99.484 101.766 105.215 100.491 92.239 111.431 99.819 100.787 102.114 101.219 102.011 107.508 99.474 100.521 101.475 101.547 102.150 107.847 99.687 100.342 101.036 101.839 102.476 101.690 99.603 100.623 103.303 101.787 99.958 101.558 99.064 100.326 107.162 104.961 97.483 101.792 99.976 100.829 100.965 99.757 101.540 95.569 100.206 100.105 100.155 100.380 100.333 115.864 99.529 100.514 101.523 102.364 103.473 108.569 99.767 100.686 101.050 101.860 101.644 103.717 98.830 100.764 101.663 100.509 101.990 99.968 100.432 94.861 103.454 102.558 102.989 99.717 96.857 101.478 99.096 104.950 102.160 101.841 104.684 105.536 95.391 104.693 103.273 103.600 98.669 94.751 101.033 97.873 106.393 103.527 103.001 106.231 107.437 93.227 105.678 104.236 104.436 99.775 97.950 100.869 98.773 108.138 105.266 102.977 103.162 103.542 98.932 105.990 105.298 105.223 102.096 102.572 101.794 98.383 109.596 105.881 103.955 101.874 101.970 100.777 106.503 105.869 105.886 101.180 101.689 100.845 97.356 110.804 106.346 104.839 104.974 104.549 109.656 107.690 106.276 106.487 101.418 103.198 100.329 96.582 112.462 107.184 103.968 106.047 106.327 103.146 109.252 106.664 107.106 101.675 103.302 100.678 96.697 113.880 107.180 103.237 100.743 101.257 95.420 110.227 107.115 107.581 100.838 99.842 101.483 95.714 115.157 108.124 103.570 101.664 101.638 102.112 112.274 107.849 108.173 101.717 100.859 102.274 95.188 116.563 108.812 104.058 104.380 104.000 108.682 113.972 108.404 108.529 102.530 102.231 102.733 94.676 117.855 110.160 104.002 101.557 100.122 101.309 100.650 101.471 103.065 99.024 101.400 101.227 100.822 22 100.000 100.294 102.868 102.517 99.180 23 100.000 102.783 106.544 109.955 99.388 100.513 101.189 101.249 102.349 102.894 104.639 105.554 106.258 106.940 107.423 107.919 109.195 111.057 111.649 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. III 2001 99.433 104.231 104.181 98.245 98.634 100.117 102.414 102.979 101.855 104.225 104.872 100.383 101.348 103.464 February 2004 S urvey of 69 C u rren t B u sin ess Table 2.3.4. Price Indexes for Personal Consumption Expenditures by Major Type of Product [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Personal consumption expenditures.................. Durable goods............................ Motor vehicles and parts......... Furniture and household equipment............................. Other........................................ Nondurable goods..................... Food......................................... Clothing and shoes.................. Gasoline, fuel oil, and other energy goods........................ Gasoline and oil................... Fuel oil and coal................... Other........................................ Services....................................... Housing.................................... Household operation............... Electricity and gas............... Other household operation... Transportation........................... Medical care............................. Recreation................................ Other........................................ Addenda: Energy goods and services1.... Personal consumption expenditures excluding food and energy........................... III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 1 100.000 102.039 103.429 105.298 99.777 100.239 100.687 101.475 102.115 102.231 102.334 102.507 103.245 103.761 104.203 104.927 105.065 105.522 105.680 2 100.000 98.086 95.208 91.690 100.337 99.715 99.477 99.163 98.379 97.678 97.124 96.268 95.574 94.855 94.136 93.074 92.147 91.207 90.330 3 100.000 100.375 98.766 96.016 100.206 99.838 100.203 100.746 100.557 100.152 100.046 99.695 98.960 98.449 97.959 97.029 96.514 95.785 94.733 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 100.000 94.139 88.778 83.542 100.677 99.595 98.217 96.491 94.715 93.329 92.020 90.300 89.450 88.281 87.082 85.873 84.212 82.409 81.676 100.000 100.348 99.531 97.883 99.983 99.647 100.183 100.573 100.328 100.303 100.189 99.892 99.659 99.406 99.168 98.115 97.790 98.195 97.433 100.000 101.530 102.075 104.175 99.717 100.562 100.905 101.220 102.152 101.933 100.815 100.780 102.194 102.538 102.789 104.079 103.529 104.488 104.603 100.000 102.944 104.942 106.984 99.626 100.458 100.918 101.769 102.546 103.420 104.039 104.517 104.792 105.007 105.449 105.898 106.527 107.197 108.314 100.000 98.020 95.405 93.054 99.912 99.717 99.835 99.756 98.341 97.361 96.623 96.033 95.781 95.071 94.734 93.555 92.642 92.816 93.203 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 96.767 96.337 101.695 102.750 103.168 103.850 104.405 110.652 100.827 101.543 103.643 103.422 101.831 22 100.000 102.655 90.530 90.415 91.778 104.986 105.946 107.786 103.490 104.857 102.715 102.826 106.241 106.476 105.419 105.536 99.186 105.104 99.598 110.048 94.599 105.133 99.947 108.960 99.685 110.425 99.562 107.466 99.208 113.071 97.818 104.194 99.990 105.567 99.681 109.454 99.524 109.645 99.441 108.237 100.253 96.601 108.768 23 100.000 101.850 103.581 104.811 102.463 102.611 100.754 100.542 100.194 100.376 100.319 101.330 99.758 100.330 100.478 100.647 99.467 102.857 102.359 108.200 100.797 100.845 101.259 101.616 104.750 99.854 101.037 101.236 101.234 99.496 100.264 99.400 109.955 101.460 102.114 102.197 105.046 113.388 100.210 101.439 102.539 102.059 100.579 105.797 105.997 103.178 102.317 102.925 103.323 105.015 112.929 100.497 101.379 103.398 103.177 101.531 97.697 97.438 100.716 103.394 103.388 104.399 104.549 110.567 101.142 101.505 104.006 103.935 101.573 83.309 82.512 92.932 103.828 104.243 105.482 103.009 105.726 101.459 101.848 104.627 104.516 103.640 80.733 80.202 87.083 104.150 104.754 106.564 102.893 104.408 102.013 101.953 105.159 105.035 103.873 91.534 91.623 90.348 105.086 105.485 107.431 102.858 104.662 101.827 102.860 105.865 106.148 104.635 98.621 101.955 103.626 105.885 108.845 103.174 92.716 90.688 97.116 93.864 93.914 93.151 105.549 106.371 108.191 103.853 104.879 103.286 102.862 106.564 106.993 106.091 95.987 95.923 96.529 105.159 107.174 108.958 104.355 105.478 103.733 103.628 107.375 107.726 107.077 109.497 108.891 115.989 104.975 108.028 109.612 106.555 110.177 104.443 103.781 108.033 108.714 108.002 102.030 101.339 109.557 104.993 108.758 110.043 107.827 114.549 103.906 105.014 109.041 109.358 108.392 107.390 107.304 107.978 105.439 109.306 110.676 107.998 114.730 104.070 106.523 109.887 110.066 108.317 103.229 102.881 106.669 105.127 109.746 111.368 107.486 112.828 104.358 106.951 110.856 110.444 108.239 98.559 100.040 109.830 107.378 110.533 107.330 99.872 100.098 100.472 101.162 101.643 101.976 102.618 102.871 103.349 103.861 104.243 104.474 104.680 104.951 105.140 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. Table 2.3.5. Personal Consumption Expenditures by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Personal consumption expenditures.................. Durable goods............................ Motor vehicles and parts......... Furniture and household equipment............................. Other........................................ Nondurable goods..................... Food......................................... Clothing and shoes.................. Gasoline, fuel oil, and other energy goods........................ Gasoline and oil.................... Fuel oil and coal................... Other........................................ Services....................................... Housing.................................... Household operation............... Electricity and gas............... Other household operation... Transportation........................... Medical care............................. Recreation................................ Other........................................ Addenda: Energy goods and services1.... Personal consumption expenditures excluding food and energy........................... III 2002 2001 IV I II III IV I II 2003 III IV I II III IV 1 6,739.4 7,045.4 7,385.3 7,752.3 6,688.1 6,783.9 6,871.6 6,934.3 7,017.4 7,058.1 7,171.6 7,256.5 7,355.5 7,428.2 7,501.2 7,600.7 7,673.6 7,836.3 7,898.4 2 863.3 881.9 911.3 941.8 854.2 861.3 860.9 862.0 875.3 870.6 919.6 914.9 909.3 913.6 907.3 898.2 926.2 975.1 967.8 3 418.1 386.5 406.9 423.6 376.9 382.6 387.4 425.2 415.7 384.3 403.5 398.5 438.1 421.1 410.4 447.2 430.4 402.1 414.5 4 312.9 312.0 323.7 313.4 314.7 334.5 312.2 316.4 321.7 311.3 309.5 310.8 324.6 339.9 346.4 323.3 325.3 321.8 329.9 5 163.9 163.0 169.4 183.8 163.8 164.1 164.4 163.2 165.1 162.3 161.3 168.0 169.0 169.1 191.0 171.6 174.3 181.8 188.0 6 1,947.2 2,013.6 2,086.0 2,208.3 1,938.3 1,965.8 1,990.5 1,998.6 2,011.5 2,021.8 2,022.6 2,051.8 2,082.5 2,090.5 2,119.2 2,175.7 2,170.8 2,230.0 2,256.9 7 925.2 964.6 1,005.6 1,064.2 922.1 932.0 939.7 953.1 959.5 968.3 977.5 996.0 1,003.6 1,006.3 1,016.4 1,037.4 1,049.7 1,074.9 1,094.7 297.7 8 297.5 304.4 311.2 296.1 300.3 301.6 299.5 295.5 296.3 298.7 305.0 304.5 301.9 306.4 304.8 307.5 315.1 317.3 9 191.5 188.5 10 175.7 173.1 11 15.8 15.4 12 532.9 563.1 13 3,928.8 4,149.8 14 1,006.5 1,073.7 407.4 15 390.1 16 143.3 156.2 17 246.8 251.2 18 291.3 294.0 19 1,026.8 1,109.9 20 268.3 283.8 21 945.9 980.9 22 334.8 180.4 165.8 14.6 595.6 4,388.0 1,144.6 408.2 152.3 255.9 292.8 1,202.7 303.3 1,036.4 344.7 332.7 23 5,479.4 5,736.1 6,047.1 208.7 188.6 193.7 200.4 200.8 198.9 187.3 167.3 191.0 173.7 177.5 181.4 172.2 153.2 182.8 185.3 16.2 17.8 14.9 15.1 18.0 17.5 15.0 14.0 624.3 531.5 539.9 547.1 548.4 556.1 569.9 579.2 4,602.1 3,895.6 3,956.7 4,020.3 4,073.8 4,130.5 4,165.7 4,229.4 1,198.6 998.8 1,013.6 1,029.6 1,047.4 1,065.6 1,082.1 1,099.8 426.3 385.4 393.7 409.4 417.0 409.5 406.7 396.5 164.5 138.7 145.4 157.6 153.4 143.5 160.6 170.3 261.8 246.7 248.3 246.7 248.8 251.9 253.3 253.0 293.8 290.9 292.5 294.7 296.6 296.3 293.0 290.3 1,302.2 1,017.0 1,036.9 1,055.2 1,077.7 1,098.5 1,120.7 1,142.9 319.3 266.1 271.8 274.4 278.9 281.3 284.8 290.3 1,061.9 948.2 937.3 956.9 956.2 978.4 1,009.7 979.5 373.3 339.1 361.4 369.2 358.0 340.7 6,314.8 5,438.8 5,512.8 5,570.6 5,612.0 5,699.9 5,749.1 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. 327.2 310.8 164.4 151.6 12.8 586.5 4,289.7 1,120.0 400.5 146.5 254.0 293.3 1,167.5 296.6 1,011.8 180.9 166.8 14.1 593.5 4,363.6 1,137.7 409.7 153.8 255.8 294.8 1,191.2 301.5 1,028.9 183.2 168.4 14.8 599.0 4,424.1 1,152.9 409.9 152.8 257.1 291.7 1,212.3 305.2 1,052.1 193.0 176.3 16.7 603.4 4,474.7 1,167.7 412.9 156.0 256.9 291.5 1,239.8 309.7 1,053.0 222.4 203.6 18.9 611.1 4,526.8 1,181.5 422.6 163.1 259.5 292.3 1,263.1 312.6 1,054.7 196.9 180.4 16.5 616.7 4,576.6 1,191.4 424.2 163.9 260.3 292.8 1,289.2 317.2 1,061.9 209.2 191.7 17.4 630.8 4,631.2 1,204.9 428.5 165.8 262.7 295.3 1,315.1 321.3 1,066.2 206.4 188.1 18.3 638.4 4,673.8 1,216.4 429.9 165.3 264.6 294.9 1,341.4 326.4 1,064.8 310.9 334.8 336.0 349.0 385.6 360.8 375.0 371.7 5,883.3 5,949.6 6,017.1 6,085.8 6,135.8 6,177.8 6,263.1 6,386.4 6,432.0 February 2004 Personal Incom e and Outlays 70 Table 2.3.6. Real Personal Consumption Expenditures by Major Type of Product, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Personal consumption expenditures.................. Durable goods............................ Motor vehicles and parts......... Furniture and household equipment............................. Other........................................ Nondurable goods...................... Food......................................... Clothing and shoes.................. Gasoline, fuel oil, and other energy goods....................... Gasoline and oil................... Fuel oil and coal.................. Other........................................ Services....................................... Housing.................................... Household operation............... Electricity and gas............... Other household operation... Transportation........................... Medical care............................. Recreation................................ Other........................................ Residual....................................... Addenda: Energy goods and services1.... Personal consumption expenditures excluding food and energy........................... III 2001 IV I II 2003 2002 III IV I II III IV I II III IV 1 6,739.4 6,904.6 7,140.4 7,362.2 6,703.3 6,768.0 6,825.0 6,833.7 6,872.2 6,904.2 7,008.2 7,079.2 7,124.5 7,159.2 7,198.9 7,244.1 7,304.0 7,426.6 7,474.2 865.4 889.6 891.1 946.6 950.3 951.4 963.1 963.8 965.0 1,005.1 1,069.1 1,071.4 863.3 957.2 1,027.6 851.3 863.8 2 899.1 869.1 405.4 383.2 401.3 426.5 427.8 419.0 429.5 3 386.5 423.3 441.3 376.1 383.5 384.5 397.9 437.8 420.1 414.5 466.9 454.3 326.7 331.4 364.7 400.7 315.9 317.8 4 312.9 311.3 322.5 164.7 161.7 162.4 187.7 164.1 5 163.9 170.2 163.9 162.3 6 1,947.2 1,983.3 2,043.6 2,119.8 1,944.0 1,955.0 1,972.7 1,974.5 1,969.1 927.8 931.2 935.7 7 925.2 937.0 958.2 994.6 925.6 936.5 297.7 319.1 334.4 296.4 301.1 302.1 300.5 8 303.5 300.2 356.2 366.2 391.7 412.4 332.9 343.7 362.8 373.5 374.7 424.0 168.2 191.4 160.8 164.8 169.6 170.1 173.0 177.6 185.9 196.1 1,983.4 2,006.2 2,035.9 2,037.8 2,038.8 2,061.8 2,090.5 2,096.9 2,134.3 2,157.6 958.4 985.4 1,002.8 1,010.7 952.9 957.7 963.9 936.3 939.6 979.6 304.2 309.1 317.6 317.9 317.6 323.4 325.7 331.9 339.5 340.4 203.4 192.9 191.5 197.6 190.2 189.1 195.2 189.1 191.4 200.5 197.5 195.1 201.0 203.1 194.7 199.9 9 194.8 199.3 198.1 176.4 185.4 188.7 181.9 179.1 183.6 186.8 177.9 178.5 182.7 175.7 179.6 181.5 174.4 173.0 178.5 182.3 174.5 10 183.3 16.7 15.1 15.7 15.9 17.4 16.2 15.8 15.2 15.9 16.2 15.7 16.1 14.6 15.0 14.8 16.3 15.1 17.2 11 15.9 537.1 557.9 567.5 587.4 532.9 593.8 544.1 539.4 543.6 551.3 563.1 564.8 573.8 582.2 598.3 607.3 12 548.0 567.3 531.9 13 3,928.8 4,022.4 4,141.8 4,223.8 3,908.2 3,949.3 3,986.8 3,989.6 4,013.3 4,029.3 4,057.4 4,095.3 4,137.0 4,159.4 4,175.4 4,190.7 4,208.4 4,237.2 4,259.0 14 1,006.5 1,033.9 1,061.9 1,085.4 1,003.3 1,009.9 1,016.9 1,025.0 1,031.4 1,036.5 1,042.7 1,051.1 1,059.0 1,065.7 1,071.7 1,078.0 1,082.8 1,088.7 1,092.3 394.7 393.4 390.2 396.7 392.5 403.0 397.1 389.9 389.0 389.2 398.3 395.6 396.8 15 390.1 394.5 388.6 384.9 396.6 400.0 143.3 141.2 145.2 145.5 143.8 153.6 150.4 139.7 138.8 135.8 140.4 147.0 145.7 147.9 148.0 143.1 144.5 146.5 16 142.0 252.4 246.8 249.2 249.2 251.2 248.9 249.2 246.2 250.6 250.5 249.4 249.0 251.2 248.9 247.6 248.5 250.5 253.6 17 246.8 292.2 285.1 287.7 283.6 277.2 291.3 278.3 291.9 291.6 291.7 292.4 288.6 286.5 281.3 281.6 278.8 275.7 18 289.6 284.8 19 1,026.8 1,070.9 1,132.1 1,189.7 1,022.0 1,032.1 1,042.5 1,051.1 1,062.5 1,077.6 1,092.5 1,110.4 1,125.3 1,137.8 1,154.8 1,169.3 1,182.4 1,196.9 1,210.2 274.4 271.1 272.7 274.1 277.7 282.4 285.3 287.5 268.3 284.8 291.3 267.6 270.1 273.3 284.0 287.5 290.1 291.9 295.5 20 953.2 961.7 964.8 963.4 974.1 983.4 991.7 979.7 945.9 963.3 983.2 981.1 934.9 950.8 974.3 983.5 976.6 984.3 983.8 21 -0.4 -10.5 -0.5 0.3 -0.3 -2.7 -3.9 -2.4 -2.1 -3.0 -8.2 -16.1 22 -0.1 -2.8 -0.5 0.9 -0.1 -2.8 -15.3 23 334.8 335.8 344.4 343.2 332.0 332.9 348.9 348.8 328.9 24 5,479.4 5,631.9 5,838.0 6,024.9 5,445.9 5,507.5 5,544.6 5,547.9 5,608.1 330.2 335.2 342.9 344.8 341.0 348.9 351.1 336.1 339.3 346.4 5,638.0 5,733.6 5,783.8 5,822.3 5,859.7 5,886.2 5,913.3 5,983.3 6,085.3 6,117.7 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 2004 S urvey of 71 C u rren t B u sin ess Table 2.4.3. Real Personal Consumption Expenditures by Type of Product, Quantity Indexes [Index numbers, 2000=100] Line Personal consumption expenditures.................................... Durable goods...................................................................................... Motor vehicles and parts................................................................... New autos (70).............................................................................. Net purchases of used autos (71)................................................. Other motor vehicles (72).............................................................. Tires, tubes, accessories, and other parts (73)............................ Furniture and household equipment.................................................. Furniture, including mattresses and bedsprings (29)................... Kitchen and other household appliances (30).............................. China, glassware, tableware, and utensils (31)............................ Video and audio goods, including musical instruments, and computer goods (91)................................................................. Video and audio goods, including musical instruments (92).... Computers, peripherals, and software (93)............................... Other durable house furnishings (32)............................................ Other.................................................................................................. Ophthalmic products and orthopedic appliances (46).................. Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (90)................................................................. Jewelry and watches (18).............................................................. Books and maps (87).................................................................... Nondurable goods................................................................................ Food................................................................................................... Food purchased for off-premise consumption (3)......................... Purchased meals and beverages (4)............................................. Food furnished to employees (including military) and food produced and consumed on farms (5+6)................................. Addenda: Food excluding alcoholic beverages(8)........................ Alcoholic beverages purchased for off-premise consumption (9)........................................................ Other alcoholic beverages (10).................................... Clothing and shoes............................................................................ Shoes (12)...................................................................................... Women’s and children’s clothing and accessories except shoes (14)............................................................................................. Men’s and boys’ clothing and accessories except shoes (15+16). Gasoline, fuel oil, and other energy goods........................................ Gasoline and oil (75)..................................................................... Fuel oil and coal (40)..................................................................... Other.................................................................................................. Tobacco products (7).............. Toilet articles and preparations (21) Semidurable house furnishings (33) Cleaning and polishing preparations, and miscellaneous household supplies and paper products (34)........................... Drug preparations and sundries (45)............................................. Nondurable toys and sport supplies (89)....................................... Stationery and writing supplies (35).............................................. Net foreign remittances (111 less 113).......................................... Magazines, newspapers, and sheet music (88)........................... Flowers, seeds, and potted plants (95)......................................... Services................................................................................................. Housing.............................................................................................. Owner-occupied nonfarm dwellings-space rent (24)................... 1999 95.537 93.192 96.357 94.115 101.746 95.860 96.219 89.717 93.533 95.087 93.360 2000 100.000 104.879 109.522 100.000 100.170 99.265 100.000 96.645 100.000 112.674 100.000 97.592 100.000 105.920 100.000 101.149 94.282 124.565 97.285 116.544 107.180 100.000 102.011 106.276 100.000 102.822 110.303 83.173 88.470 75.050 93.768 92.555 96.932 100.000 113.268 100.000 106.353 100.000 126.034 100.000 101.794 100.000 99.098 100.000 89.032 90.368 92.585 93.432 96.374 96.586 96.841 96.124 100.000 103.281 110.529 100.000 97.156 100.000 101.595 100.000 101.852 100.000 101.280 100.000 101.673 100.000 100.630 133.981 117.919 166.796 106.402 103.870 90.504 103.633 102.035 104.949 103.573 103.958 102.963 98.277 100.000 101.800 103.007 96.641 100.000 101.414 103.808 95.656 97.134 94.950 95.033 100.000 101.108 101.448 100.000 98.711 102.444 100.000 101.941 107.183 100.000 101.937 106.473 94.440 95.759 100.619 100.351 103.680 95.447 101.274 99.284 93.658 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.313 91.065 91.205 95.816 100.000 100.661 103.929 100.000 108.705 115.429 100.000 106.776 116.402 100.000 96.276 96.149 97.201 99.589 95.652 97.228 96.629 101.669 102.400 101.719 102.272 95.745 102.844 98.432 97.457 102.382 100.000 96.613 97.101 100.000 102.382 100.000 102.726 100.000 103.951 100.000 Line 2002 100.000 102.452 105.951 100.000 104.144 110.868 Note. The figures in parentheses are the line numbers of the corresponding items in table 2.5.5. 2001 107.301 107.348 104.060 104.375 100.648 106.466 97.262 97.942 108.170 93.878 97.800 105.420 105.508 106.733 Tenant-occupied nonfarm dwellings-rent (25).............................. Rental value of farm dwellings (26)................................................ Other (27)....................................................................................... Household operation.......................................................................... Electricity (37)................................................................................ Gas (38).......................................................................................... Water and other sanitary services (39).......................................... Telephone and telegraph (41)........................................................ Domestic service (42).................................................................... Other (43)....................................................................................... Transportation.................................................................................... User-operated transportation......................................................... Repair, greasing, washing, parking, storage, rental, and leasing (74)............................................................................ Other user-operated transportation (76+77)............................. Purchased local transportation...................................................... Mass transit systems (79).......................................................... Taxicab (80)................................................................................ Purchased intercity transportation................................................. Railway (82)............................................................................... Bus (83)...................................................................................... Airline (84)................................................................................. Other (85).................................................................................. Medical care....................................................................................... Physicians (47).............................................................................. Dentists (48).................................................................................. Other professional services (49).................................................... Hospitals and nursing homes (50)................................................. Health insurance (56).................................................................... Recreation.......................................................................................... Admissions to specified spectator amusements (96)................... Other (94+100+101+102+103)...................................................... Other................................ Personal care.............. Cleaning, storage, and repair of clothing and shoes (17)......... Barbershops, beauty parlors, and health clubs (22)................. Other (19).................................................................................. Personal business.......................................................................... Brokerage charges and investment counseling (61)................. Bank service charges, trust services, and safe deposit box rental (62).............................................................................. Services furnished without payment by financial intermediaries except life insurance carriers (63).......................................... Expense of handling life insurance and pension plans (64)..... Legal services (65).................................................................... Funeral and burial expenses (66).............................................. Other (67)................................................................................... Education and research................................................................. Higher education (105).............................................................. Nursery, elementary, and secondary schools (106).................. Other (107)................................................................................ Religious and welfare activities (108)............................................ Net foreign travel............................................................................ Foreign travel by U.S. residents (110)....................................... Less: Expenditures in the United States by nonresidents (112) 50 51 52 53 54 55 56 57 58 59 60 61 1999 2000 2001 2002 99.606 98.127 95.015 95.326 96.530 96.056 98.428 91.428 96.770 98.511 97.305 97.277 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 101.538 101.105 92.171 100.033 97.916 99.923 99.835 105.054 88.352 96.779 99.420 100.136 105.085 100.945 92.301 101.117 102.588 98.342 98.893 105.897 91.270 94.949 97.774 97.573 62 96.684 100.000 99.739 96.209 63 99.504 100.000 101.659 102.820 64 98.907 100.000 100.799 100.189 65 96.046 100.000 101.137 99.930 66 107.189 100.000 99.820 100.936 67 97.026 100.000 95.381 98.586 68 91.582 100.000 102.908 101.708 69 98.631 100.000 96.428 92.281 70 95.054 100.000 95.848 99.800 71 106.231 100.000 92.453 95.251 72 96.315 100.000 104.295 110.250 73 94.824 100.000 105.414 113.267 74 97.087 100.000 103.840 108.012 75 97.296 100.000 105.220 111.938 76 97.269 100.000 103.716 108.872 77 92.627 100.000 103.047 108.261 78 96.106 100.000 102.298 106.169 79 99.317 100.000 102.870 106.793 80 95.701 100.000 102.224 106.089 81 92.777 100.000 101.835 103.935 82 95.904 100.000 99.741 100.351 83 98.188 100.000 96.141 92.134 84 96.342 100.000 101.067 105.731 85 94.302 100.000 99.920 98.064 86 91.878 100.000 100.131 101.932 87 73.468 100.000 86.645 87.072 88 95.922 100.000 104.740 112.819 89 95.052 100.000 107.958 114.000 90 95.098 100.000 95.470 91.441 91 100.543 100.000 101.116 99.353 92 103.163 100.000 100.826 93.418 93 99.126 100.000 101.995 102.778 94 96.040 100.000 102.820 105.006 95 96.403 100.000 102.993 104.814 96 98.462 100.000 101.091 103.373 97 93.327 100.000 103.864 106.717 98 94.083 100.000 104.016 109.272 qq 100 90.170 100.000 94.303 86.271 101 95.868 100.000 90.002 86.231 Personal Incom e and O utlays 72 February 2004 Table 2.4.4. Price Indexes for Personal Consumption Expenditures by Type of Product [Index numbers, 2000=100] Line Personal consumption expenditures................................... Durable goods...................................................................................... Motor vehicles and parts................................................................... New autos (70).............................................................................. Net purchases of used autos (71)................................................. Other motor vehicles (72).............................................................. Tires, tubes, accessories, and other parts (73)............................ Furniture and household equipment................................................. Furniture, including mattresses and bedsprings (29)................... Kitchen and other household appliances (30).............................. China, glassware, tableware, and utensils (31)............................ Video and audio goods, including musical instruments, and computer goods (91)................................................................. Video and audio goods, including musical instruments (92).... Computers, peripherals, and software (93).............................. Other durable house furnishings (32)............................................ Other................................................................................................. Ophthalmic products and orthopedic appliances (46)................. Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (90)................................................................. Jewelry and watches (18).............................................................. Books and maps (87).................................................................... Nondurable goods............................................................................... Food................................................................................................... Food purchased for off-premise consumption (3)......................... Purchased meals and beverages (4)............................................. Food furnished to employees (including military) and food produced and consumed on farms (5+6)................................. Addenda: Food excluding alcoholic beverages(8)....................... Alcoholic beverages purchased lor off-premise consumption (9)........................................................ Other alcoholic beverages (10).................................... Clothing and shoes............................................................................ Shoes (12)...................................................................................... Women’s and children’s clothing and accessories except shoes (14)............................................................................................ Men’s and boys’ clothing and accessories except shoes (15+16) Gasoline, fuel oil, and other energy goods....................................... Gasoline and oil (75)..................................................................... Fuel oil and coal (40)..................................................................... Other.................................................................................................. Tobacco products (7)..................................................................... Toilet articles and preparations (21).............................................. Semidurable house furnishings (33).............................................. Cleaning and polishing preparations, and miscellaneous household supplies and paper products (34)........................... Drug preparations and sundries (45)............................................ Nondurable toys and sport supplies (89)...................................... Stationery and writing supplies (35)............................................. Net foreign remittances (111 less 113)......................................... Magazines, newspapers, and sheet music (88)........................... Flowers, seeds, and potted plants (95)........................................ Services................................................................................................ Housing............................................................................................. Owner-occupied nonfarm dwellings-space rent (24).................. 1999 2000 97.575 100.000 102.039 103.429 101.626 100.000 98.086 95.208 99.557 99.990 98.730 99.568 99.668 104.679 100.363 101.062 101.184 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 12 13 14 15 16 17 111.513 105.251 122.772 101.036 100.841 97.189 100.000 87.452 77.338 100.000 94.952 89.338 100.000 76.052 60.401 100.000 98.511 96.898 100.000 100.348 99.531 100.000 103.194 103.873 100.375 98.766 99.546 98.370 101.145 98.071 100.036 97.839 102.493 104.244 94.139 88.778 98.326 96.311 99.174 97.971 97.337 93.889 18 101.078 100.000 99.189 97.300 19 102.693 100.000 99.968 97.276 20 100.118 100.000 101.154 104.172 21 96.173 100.000 101.530 102.075 22 97.711 100.000 102.944 104.942 23 97.833 100.000 102.861 104.358 24 97.496 100.000 103.132 105.954 25 26 Line 2002 1 2 3 4 5 6 7 8 9 10 11 98.265 100.000 100.988 102.950 97.796 100.000 102.971 104.896 27 97.080 100.000 102.119 104.163 28 97.058 100.000 103.930 107.463 29 101.288 100.000 98.020 95.405 30 101.564 100.000 99.369 98.055 31 101.318 100.000 98.262 95.522 32 101.100 100.000 96.946 93.890 33 77.740 100.000 96.767 90.530 34 78.207 100.000 96.337 90.415 35 72.656 100.000 101.695 91.778 36 97.442 100.000 102.750 104.986 37 90.075 100.000 107.669 116.852 38 98.664 100.000 100.976 100.808 39 102.749 100.000 97.677 94.815 40 95.814 100.000 103.662 104.438 41 96.496 100.000 104.579 108.995 42 105.886 100.000 95.879 90.656 43 101.681 100.000 100.100 100.313 44 45 98.211 100.000 101.946 103.823 46 95.767 100.000 103.410 103.644 47 97.393 100.000 103.168 105.946 48 96.920 100.000 103.850 107.786 49 97.113 100.000 103.853 108.088 N ote. The figures in parentheses are the line numbers of the corresponding items in table 2.5.5. 2001 Tenant-occupied nonfarm dwellings—rent (25)............................... Rental value of farm dwellings (26)................................................ Other (27)...... Household operation Electricity (37). Gas (38)......... Water and other sanitary services (39).......................................... Telephone and telegraph (41)........................................................ Domestic service (42).................................................................... Other (43)....................................................................................... Transportation..................................................................................... User-operated transportation......................................................... Repair, greasing, washing, parking, storage, rental, and leasing (74)............................................................................. Other user-operated transportation (76+77).............................. Purchased local transportation...................................................... Mass transit systems (79).......................................................... Taxicab (80)................................................................................ Purchased intercity transportation Railway (82)...................... Bus (83)............................. Airline (84)........................ Other (85).......................... Medical care.............................. Physicians (47)..................... Dentists (48)................................................................................... Other professional services (49).................................................... Hospitals and nursing homes (50)................................................. Health insurance (56).................................................................... Recreation.......................................................................................... Admissions to specified spectator amusements (96).................... Other (94+100+101+102+103)...................................................... Other................................................................................................... Personal care.................................................................................. Cleaning, storage, and repair of clothing and shoes (17)......... Barbershops, beauty parlors, and health clubs (22)................. Other (19)................................................................................... Personal business........................................................................... Brokerage charges and investment counseling (61)................. Bank service charges, trust services, and safe deposit box rental (62)............................................................................... Services furnished without payment by financial intermediaries except life insurance carriers (63).......................................... Expense of handling life insurance and pension plans (64)..... Legal services (65)..................................................................... Funeral and burial expenses (66).............................................. Other (67)................................................................................... Education and research.................................................................. Higher education (105).............................................................. Nursery, elementary, and secondary schools (106).................. Other (107)................................................................................. Religious and welfare activities (108)............................................ Net foreign travel................... Foreign travel by U.S. residents (110)........................................ Less: Expenditures in the United States by nonresidents (112) 1999 2000 2001 2002 50 96.604 100.000 104.341 108.319 51 97.538 100.000 105.432 105.377 52 95.642 100.000 101.401 101.657 53 98.093 100.000 104.405 103.490 54 98.430 100.000 107.081 106.027 55 84.897 100.000 119.487 101.723 56 97.598 100.000 102.880 106.188 57 103.542 100.000 97.961 98.046 58 95.803 100.000 103.769 107.645 59 96.338 100.000 104.937 109.453 60 97.528 100.000 101.543 102.826 61 97.920 100.000 103.057 105.812 62 97.274 100.000 103.304 105.973 63 100.347 100.000 102.121 105.192 64 98.605 100.000 103.004 105.292 65 98.604 100.000 103.001 105.290 66 98.605 100.000 103.010 105.297 67 95.331 100.000 93.580 87.272 68 96.951 100.000 104.871 108.751 69 95.631 100.000 103.268 106.544 70 95.505 100.000 91.332 83.313 71 94.371 100.000 100.548 98.971 72 97.186 100.000 103.643 106.241 73 98.296 100.000 102.844 102.834 74 95.647 100.000 104.053 108.711 75 97.512 100.000 103.182 105.657 76 96.621 100.000 104.227 108.112 77 97.864 100.000 103.148 104.629 78 96.422 100.000 103.422 106.476 79 94.163 100.000 104.792 108.607 80 96.716 100.000 103.246 106.202 81 98.073 100.000 101.831 105.419 82 96.741 100.000 104.044 106.462 83 97.523 100.000 104.108 106.930 84 96.224 100.000 103.479 105.749 85 96.969 100.000 104.676 107.091 86 99.247 100.000 99.855 102.640 87 114.170 100.000 89.644 87.349 88 89 90 91 92 93 94 95 96 97 98 <W 100 101 94.597 100.000 102.646 104.882 98.875 93.210 95.052 97.222 96.048 95.679 96.067 95.998 94.618 95.303 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 99.341 103.130 105.332 103.586 104.386 104.697 104.819 104.301 104.768 103.855 102.371 107.668 111.453 108.626 108.236 109.266 110.127 107.735 108.757 107.311 99.242 100.000 101.417 106.261 95.465 100.000 101.048 101.233 February 2004 S urvey of 73 C u rr en t B u sin ess Table 2.4.5. Personal Consumption Expenditures by Type of Product [Billions of dollars] Line Personal consumption expenditures................................. Durable goods................................................................................... Motor vehicles and parts............ New autos (70)........................ Net purchases of used autos (71) Other motor vehicles (72)....... Tires, tubes, accessories, and other parts (73)......................... Furniture and household equipment............................................... Furniture, including mattresses and bedsprings (29)................ Kitchen and other household appliances (30)........................... China, glassware, tableware, and utensils (31).......................... Video and audio goods, including musical instruments, and computer goods (91).............................................................. Video and audio goods, including musical instruments (92).. Computers, peripherals, and software (93)........................... Other durable house furnishings (32)......................................... Other............................................................................................... Ophthalmic products and orthopedic appliances (46)............... Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (90).............................................................. Jewelry and watches (18)........................................................... Books and maps (87)................................................................. Nondurable goods............................................................................ Food................................................................................................ Food purchased for off-premise consumption (3)......................... Purchased meals and beverages (4)............................................. Food furnished to employees (including military) and food produced and consumed on farms (5+6)................................. Addenda: Food excluding alcoholic beverages(8)........................ Alcoholic beverages purchased for off-premise consumption (9)........................................................ Other alcoholic beverages (10)..................................... Clothing and shoes............................................................................ Shoes (12)...................................................................................... Women’s and children's clothing and accessories except shoes (14)............................................................................................. Men’s and boys’ clothing and accessories except shoes (15+16). Gasoline, fuel oil, and other energy goods........................................ Gasoline and oil (75)..................................................................... Fuel oil and coal (40) Other.................. Tobacco products (7) Toilet articles and preparations (21).............................................. Semidurable house furnishings (33).............................................. Cleaning and polishing preparations, and miscellaneous household supplies and paper products (34)........................... Drug preparations and sundries (45)............................................. Nondurable toys and sport supplies (89)....................................... Stationery and writing supplies (35).............................................. Net foreign remittances (111 less 113).......................................... Magazines, newspapers, and sheet music (88)........................... Flowers, seeds, and potted plants (95)......................................... Services................................................................................................. Housing.............................................................................................. Owner-occupied nonfarm dwellings-space rent (24)................... 1999 2000 2002 6,282.5 6.739.4 7,045.4 7,385.3 817.6 863.3 881.9 911.3 370.8 386.5 406.9 418.1 97.5 103.6 101.1 103.3 60.7 60.9 56.1 59.3 165.4 173.2 195.3 211.1 47.0 49.0 49.7 49.1 312.9 293.9 312.0 323.7 63.5 67.6 69.8 67.2 30.4 31.7 29.2 30.8 29.3 31.0 32.1 31.0 108.1 67.8 40.4 63.8 153.0 20.8 116.6 72.8 43.8 67.3 163.9 22.1 115.5 73.5 42.0 67.5 163.0 20.3 120.8 76.7 44.2 69.4 169.4 20.8 52.6 57.6 61.9 59.0 48.1 50.6 51.0 49.1 33.7 31.5 35.8 34.6 1,804.8 1,947.2 2.013.6 2,086.0 873.1 925.2 964.6 1.005.6 566.7 592.7 614.8 536.9 326.9 348.8 362.0 380.5 10.2 9.3 771.7 9.7 816.5 9.9 852.6 889.1 66.1 35.4 286.3 45.4 71.2 37.5 297.7 47.0 73.5 38.5 297.5 47.6 75.2 41.3 304.4 49.1 149.9 91.0 149.8 137.9 11.9 495.6 71.6 53.9 35.1 156.7 94.0 191.5 175.7 15.8 532.9 78.5 55.0 36.5 156.5 93.3 188.5 173.1 15.4 563.1 83.2 54.1 36.5 160.6 94.7 180.4 165.8 14.6 595.6 89.3 54.3 37.4 59.2 61.6 66.8 64.3 169.4 148.9 192.6 213.1 54.7 59.7 56.6 58.0 18.5 19.0 18.3 18.3 3.2 4.2 3.1 3.6 33.5 35.0 34.2 34.5 17.1 18.0 18.2 18.0 3,660.0 3,928.8 4,149.8 4,388.0 948.4 1.006.5 1.073.7 1.144.6 668.4 712.2 768.9 821.7 N ote. The figures in parentheses are the line numbers of the corresponding items in table 2.5.5. 2001 Line Tenant-occupied nonfarm dwellings-rent (25).............................. Rental value of farm dwellings (26)................................................ Other (27)...................................................................................... Household operation Electricity (37).., Gas (38)........... Water and other sanitary services (39).......................................... Telephone and telegraph (41)........................................................ Domestic service (42) Other (43)....................................................................................... Transportation..................................................................................... User-operated transportation......................................................... Repair, greasing, washing, parking, storage, rental, and leasing (74)............................................................................ Other user-operated transportation (76+77)............................. Purchased local transportation...................................................... Mass transit systems (79).......................................................... Taxicab (80)............................................................................... Purchased intercity transportation................................................. Railway (82) Bus (83) Airline (84) Other (85) Medical care Physicians (47) Dentists (48).................................................................................. Other professional services (49) Hospitals and nursing homes (50) Health insurance (56)............. Recreation................................... Admissions to specified spectator amusements (96)................... Other (94+100+101+102+103) Other............................................ Personal care................................................................................. Cleaning, storage, and repair of clothing and shoes (17)......... Barbershops, beauty parlors, and health clubs (22)................. Other (19)................................................................................... Personal business.......................................................................... Brokerage charges and investment counseling (61)................. Bank service charges, trust services, and safe deposit box rental (62).............................................................................. Services furnished without payment by financial intermediaries except life insurance carriers (63).......................................... Expense of handling life insurance and pension plans (64)..... Legal services (65).................................................................... Funeral and burial expenses (66).............................................. Other (67)................................................................................... Education and research................................................................. Higher education (105).............................................................. Nursery, elementary, and secondary schools (106).................. Other (107)................................................................................. Religious and welfare activities (108)............................................ Net foreign travel............................................................................ Foreign travel by U.S. residents (110)........................................ Less: Expenditures in the United States by nonresidents (112) 1999 219.0 10.2 50.9 364.8 97.2 33.4 48.8 118.4 16.1 50.8 276.4 220.6 2000 227.5 10.7 56.0 390.1 102.3 41.0 50.8 125.1 17.4 53.6 291.3 231.6 2001 241.1 11.4 52.4 407.4 107.3 48.9 52.2 128.7 15.9 54.4 294.0 239.0 2002 259.0 11.3 52.6 408.2 111.3 41.0 53.4 129.9 17.0 55.7 292.8 239.1 187.1 183.5 189.1 172.6 52.0 48.0 48.1 49.9 12.9 11.9 12.2 12.7 9.1 8.6 9.5 9.6 3.1 3.3 3.3 3.2 47.4 40.8 43.9 42.3 0.5 0.6 0.5 0.6 2.4 2.4 2.3 2.2 36.7 32.1 30.5 33.3 7.4 7.8 7.8 7.3 961.1 1,026.8 1,109.9 1,202.7 236.8 220.8 256.8 275.9 57.4 61.8 72.6 66.8 175.4 153.3 161.6 191.1 482.6 521.7 568.0 453.6 95.1 76.1 84.0 89.3 268.3 283.8 303.3 248.6 30.4 35.3 28.4 32.8 220.2 237.9 251.0 268.0 860.7 945.9 980.9 1,036.4 80.7 87.0 93.0 90.3 15.7 15.5 15.1 15.8 38.4 42.9 35.6 40.1 34.4 34.6 30.1 32.9 491.6 539.1 539.0 564.0 84.4 76.5 100.6 78.1 58.3 64.2 69.1 76.0 157.2 85.2 61.0 14.0 31.6 150.5 80.0 32.7 37.8 154.5 -16.6 75.5 92.1 167.2 96.1 63.9 14.0 33.1 163.8 86.4 34.6 42.8 172.3 -16.2 84.4 100.7 179.3 94.6 68.0 14.6 35.3 176.3 93.2 36.5 46.6 186.1 195.2 94.6 70.7 14.2 36.9 187.9 99.7 38.6 49.7 202.0 -10.5 77.4 87.9 - 10.8 80.7 91.5 74 Personal Incom e and Outlays February 2004 Table 2.4.6. Real Personal Consumption Expenditures by Type of Product, Chained Dollars [Billions of chained (2000) dollars] Line Personal consumption expenditures................................. Durable goods................................................................................... Motor vehicles and parts................................................................ New autos (70)............................................................................ Net purchases of used autos (71).............................................. Other motor vehicles (72)........................................................... Tires, tubes, accessories, and other parts (73).......................... Furniture and household equipment............................................... Furniture, including mattresses and bedsprings (29)................ Kitchen and other household appliances (30)........................... China, glassware, tableware, and utensils (31)......................... Video and audio goods, including musical instruments, and computer goods (91).............................................................. Video and audio goods, including musical instruments (92).. Computers, peripherals, and software (93)1.......................... Other durable house furnishings (32)......................................... Other............................................................................................... Ophthalmic products and orthopedic appliances (46)............... Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (90).............................................................. Jewelry and watches (18)........................................................... Books and maps (87).................................................................. Nondurable goods............................................................................. Food................................................................................................ Food purchased for off-premise consumption (3).......................... Purchased meals and beverages (4)............................................. Food furnished to employees (including military) and food produced and consumed on farms (5+6).................................. Addenda: Food excluding alcoholic beverages(8)......................... Alcoholic beverages purchased for off-premise consumption (9 )........................................................ Other alcoholic beverages (10)..................................... Clothing and shoes............................................................................. Shoes (12)...................................................................................... Women’s and children's clothing and accessories except shoes (14)............................................................................................. Men’s and beys’ clothing and accessories except shoes (15+16). Gasoline, fuel oil, and other energy goods........................................ Gasoline and oil (75)...................................................................... Fuel oil and coal (40).. Other.............................. Tobacco products (7).. Toilet articles and preparations (21).............................................. Semidurable house furnisnmgs (33).............................................. Cleaning and polishing preparations, and miscellaneous household supplies and paper products (34)............................ Drug preparations and sundries (45)............................................. Nondurable toys and sport supplies (89)....................................... Stationery and writing supplies (35).............................................. Net foreign remittances (111 less 113).......................................... Magazines, newspapers, and sheet music (88)............................ Flowers, seeds, and potted plants (95)......................................... Services................................................................................................. Housing.............................................................................................. Owner-occupied nonfarm dwellings—space rent (24)................. 1999 2000 2001 97.0 64.4 63.1 151.7 21.4 116.6 72.8 67.3 163.9 22.1 132.1 77.4 68.5 162.4 19.7 Line 2002 6,438.6 6,739.4 6,904.6 7,140.4 804.6 863.3 899.1 957.2 405.4 423.3 372.4 386.5 103.6 103.8 97.5 102.8 61.7 60.7 58.6 57.2 173.2 195.2 215.8 166.1 47.2 49.0 47.9 47.7 331.4 364.7 280.7 312.9 68.4 63.2 67.6 72.4 28.9 30.4 31.0 32.3 31.9 28.9 31.0 34.2 156.2 85.8 71.6 170.2 20.0 52.0 57.6 59.5 63.6 52.4 46.8 50.6 49.1 31.4 33.7 34.2 34.3 1,876.6 1,947.2 1,983.3 2,043.6 925.2 937.0 958.2 893.6 566.7 576.2 589.1 548.8 335.3 348.8 351.0 359.1 9.5 789.1 9.7 816.5 828.0 9.9 847.6 36.4 282.7 44.7 68.1 71.2 37.5 297.7 47.0 72.0 37.0 303.5 47.9 72.2 38.4 319.1 50.1 148.0 90.0 192.7 176.3 16.4 508.6 79.5 54.6 34.2 156.7 94.0 191.5 175.7 15.8 532.9 78.5 55.0 36.5 159.3 96.2 194.8 179.6 15.2 548.0 77.3 53.6 37.3 168.1 100.9 199.3 183.3 15.9 567.3 76.4 53.9 39.4 61.6 64.0 61.8 62.0 169.4 184.2 154.3 195.6 56.6 60.4 65.9 51.6 18.2 19.0 18.3 18.3 2.7 3.2 3.9 3.6 34.1 35.0 33.9 32.9 17.9 18.0 17.6 17.5 3,758.0 3,928.8 4,022.4 4.141.8 978.6 1,006.5 1,033.9 1.061.9 712.2 740.4 760.2 688.2 Tenant-occupied nonfarm dwellings—rent (25)................... Rental value of farm dwellings (26)...................................... Other(27).............................................................................. Household operation Electricity (37) Gas (38)........ Water and other sanitary services (39)................................ Telephone and telegraph (41)............................................... Domestic service (42) Other (43)........... .................................................................. Transportation............................................................................ User-operated transportation............................................... Repair, greasing, washing, parking, storage, rental, and leasing (74)................................................................... Other user-operated transportation (76+77)................... Purchased local transportation............................................. Mass transit systems (79)................................................ Taxicab (80)....................................................................... Purchased intercity transportation Railway (82)...................... Bus (83)............................. Airline (84)........................ Other(85)......................... Medical care.............................. Physicians (47)..................... Dentists (48).......................................................................... Other professional services (49).......................................... Hospitals and nursing homes (50)........................................ Health insurance (56)........................................................... Recreation................................................................................. Admissions to specified spectator amusements (96).......... Other (94+100+101+102+103)............................................. Other......................................................................................... Personal care................................................................................. Cleaning, storage, and repair of clothing and shoes (17)......... Barbershops, beauty parlors, and health clubs (22)................. Other (19)................................................................................... Personal business.......................................................................... Brokerage charges and investment counseling (61)................ Bank service charges, trust services, and safe deposit box rental (62)............................................................................... Services furnished without payment by financial intermediaries except life insurance carriers (63)......................................... Expense of handling life insurance and pension plans (64)..... Legal services (65)..................................................................... Funeral and burial expenses (66) Other(67)......................... Education and research....... Higher education (105)..... Nursery, elementary, and secondary schools (106)................. Other (107)................................................................................. Religious and welfare activities (108)............................................ Net foreign travel............................................................................ Foreign travel by U.S. residents (110)....................................... Less: Expenditures in the United States by nonresidents (112) Residual............................................................................................. 1999 2000 226.7 10.5 53.2 371.9 98.8 39.3 50.0 114.3 16.8 52.8 283.4 225.3 227.5 10.7 56.0 390.1 102.3 41.0 50.8 125.1 17.4 53.6 291.3 231.6 177.4 47.9 183.5 48.1 12.1 12.2 8.7 9.1 3.4 3.1 46.0 47.4 0.5 0.5 2.3 2.4 36.7 34.9 8.3 7.8 989.0 1,026.8 224.6 236.8 60.0 61.8 157.2 161.6 469.4 482.6 77.8 84.0 257.8 268.3 30.2 30.4 237.9 227.6 877.6 945.9 83.5 87.0 15.5 15.7 37.0 38.4 32.9 31.1 495.3 539.1 73.9 100.6 2001 231.0 10.8 51.6 390.2 100.2 40.9 50.7 131.4 15.3 51.9 289.6 231.9 183.0 48.9 12.3 9.2 3.1 45.2 0.5 2.3 35.2 7.2 1,070.9 249.7 64.2 170.0 500.5 86.5 274.4 31.3 243.2 963.3 86.8 15.1 38.8 32.9 539.8 87.1 61.6 64.2 67.3 158.9 91.4 64.2 14.4 32.9 157.3 83.3 34.1 39.9 162.1 -20.4 76.1 96.5 -5.5 167.2 96.1 63.9 14.0 33.1 163.8 86.4 34.6 42.8 172.3 -16.2 84.4 100.7 0.0 180.5 91.7 64.6 14.1 33.8 168.4 88.9 35.0 44.4 179.2 - 11.0 79.6 90.6 -0.5 1. The quantity index for computers can be used to accurately measure the real growth rate of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate series. N ote. The figures in parentheses are the line numbers of the corresponding items in table 2.5.5. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed line February 2004 S urvey of 75 C u rr e n t B u sin ess Table 2.5.3. Real Personal Consumption Expenditures by Type of Expenditure, Quantity Indexes [Index numbers, 2000=100] Line Personal consumption expenditures.................................... Food purchased for off-premise consumption (n.d.)......................... Purchased meals and beverages (n.d.)1........................................... Food furnished to employees (including military) (n.d.).................... Food produced and consumed on farms (n.d.)................................. Alcoholic beverages purchased for off-premise consumption (n.d.)........................................................ Other alcoholic beverages (n.d.)....................................... Clothing, accessories, and jewelry.................................................... Shoes (n.d.)........................................................................................ Clothing and accessories except shoes2.......................................... Women’s and children’s (n.d.)....................................................... Men's and boys’ (n.d.)................................................................... Standard clothing issued to military personnel (n.d.)....................... Cleaning, storage, and repair of clothing and shoes (s.).................. Jewelry and watches (d.)................................................................... Other (s.)3........................................................................................... Personal care........................................................................................ Toilet articles and preparations (n.d.)................................................ Barbershops, beauty parlors, and health clubs (s.).......................... Housing................................................................................................. Owner-occupied nonfarm dwellings—space rent (s.)4..................... Tenant-occupied nonfarm dwellings—rent (s.)5................................ Rental value of farm dwellings (s.).................................................... Other (s.)6........................................................................................... Household operation........................................................................... Furniture, including mattresses and bedsprings (d.)........................ Kitchen and other household appliances (d.)7................................. China, glassware, tableware, and utensils (d.)................................. Other durable house furnishings (d.)8............................................... Semidurable house furnishings (n.d.)9.............................................. Cleaning and polishing preparations, and miscellaneous household supplies and paper products (n.d)................................................. Stationery and writing supplies (n.d.)................................................ Household utilities............................................................................. Electricity (s.)............. Gas (s.)....................... Water and other sanitary services (s.)........................................... Fuel oil and coal (n.d.). Telephone and telegraph (s ) Domestic service (s.)...... Other (s.)10..................... Medical care.......................................................................................... Drug preparations and sundries (n.d.)11........................................... Ophthalmic products and orthopedic appliances (d.)........................ Physicians (s.)12................................................................................ Dentists (s.)........................................................................................ Other professional services (s.)13...................................................... Hospitals and nursing homes14......................................................... Hospitals......... Nonprofit (s.) Proprietary (s ) Government (s.)........................................................................ Nursing homes (s ) Health insurance. Medical care and hospitalization (s.)15.......................................... Workers’ compensation (s.)17........................................................ 1999 2000 2001 1 95.537 100.000 102.452 ? 96.939 100.000 101.053 3 96.841 100.000 101.673 4 96.124 100.000 100.630 5 98.038 100.000 101.950 6 102.398 100.000 99.332 7 101.274 100.000 98.432 8 96.641 100.000 101.414 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 95.656 97.134 94.720 95.033 94.938 94.440 95.773 91.576 98.188 92.585 94.302 98.085 99.284 96.342 97.228 96.629 99.606 98.127 95.015 95.422 93.533 95.087 93.360 93.768 93.658 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 101.108 98.711 100.921 101.937 101.936 101.669 102.385 106.953 96.141 97.156 99.920 98.950 97.457 101.067 102.726 103.951 101.538 101.105 92.171 100.475 101.149 102.011 102.822 101.794 102.382 2002 105.951 103.055 103.958 102.963 103.018 102.951 97.262 103.808 101.448 102.444 105.291 106.473 107.317 107.301 107.339 110.068 92.134 103.633 98.064 101.189 97.942 105.731 105.508 106.733 105.085 100.945 92.301 103.179 107.180 106.276 110.303 106.402 108.170 34 100.313 100.000 100.661 103.929 35 95.816 100.000 96.276 96.149 36 97.395 100.000 98.623 100.701 37 96.530 100.000 97.916 102.588 38 96.056 100.000 99.923 98.342 39 98.428 100.000 99.835 98.893 40 103.680 100.000 95.745 100.648 41 91.428 100.000 105.054 105.897 42 96.770 100.000 88.352 91.270 43 98.511 100.000 96.779 94.949 44 95.598 100.000 104.634 110.617 4fi 91.065 100.000 108.705 115.429 46 96.932 100.000 89.032 90.504 47 94.824 100.000 105.414 113.267 48 97.087 100.000 103.840 108.012 49 97.296 100.000 105.220 111.938 50 97.269 100000 103.716 108 872 51 96.726 100.000 104.427 110.641 5? 97.112 100.000 103.154 108.641 53 97.220 100.000 109.228 124.172 Religious and welfare activities (s.)29............................................... 54 95.281 100.000 106.005 110.120 99.772 100.000 100.488 100.884 56 92.627 100.000 103.047 108.261 Foreign travel by U.S. residents (s.)30................................................ 57 91.882 100.000 102.920 107.497 Expenditures abroad by U.S. residents (n.d.).................................... 58 93.657 100.000 105.818 112.604 59 96.108 100.000 103.343 111.743 Less: Personal remittances in kind to nonresidents (n.d.)................ 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, lino leum, 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, other traveler accommodations, 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, picture frames, mirrors, art products, portable lamps, clocks, blinds, shades, drapery hardware, and telephone equipment. 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 repair and maintenance services for appliances and house furnishings, moving and warehouse expenses, postage and parcel delivery charges, premiums plus premium supplements less normal losses and dividends paid to policy holders for insurance on personal property (except motor vehicles), and miscellaneous household operation services. 11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 12. Consists of offices of physicians, HMO medical centers, and freestanding ambulatory surgical and emergency centers. 13. Consists of chiropractors, optometrists, mental health practitioners (except physicians), physical, occupational and speech therapists, and audiologists, podiatrists, all other miscellaneous health practitioners, ambulance services, kidney dial ysis centers, family planning services, outpatient mental health and substance abuse centers, all other outpatient care centers, blood and organ banks, all other miscellaneous ambulatory health care services, home health furniture and equip ment rental, medical and diagnostic laboratories, and home health care. 14. 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. 15. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance. 16. Consists of premiums less benefits for income loss insurance. 17. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately administered workers’ compensation. 18. Consists of (1) operating expenses of commercial life insurance carriers and fraternal benefit life insurance and (2) administrative expenses of private noninsured pension plans and publicly administered government employee retirement plans. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of stock companies and services furnished without payment by banks, credit agencies, and investment companies. For pension and retirement plans, excludes services furnished without payment by banks, credit agencies, and investment companies. Line Personal business............................................................................... Brokerage charges and investment counseling (s.)........................... Bank service charges, trust services, and safe deposit box rental (s.)................................................................................................... Services furnished without payment by financial intermediaries except life insurance carriers (s.)................................................... Expense of handling life insurance and pension plans (s.)18............ Legal services (s.)............................................................................. Funeral and burial expenses (s.)....................................................... Other (s.)19.......................................................................................... Transportation................ User-operated transportation New autos (d.).......... Net purchases of used autos (d.).................................................. Other motor vehicles (d.)............................................................... Tires, tubes, accessories, and other parts (d.)............................. Repair, greasing, washing, parking, storage, rental, and leasing (s.)............ Gasoline and oil (n d ) Bridge, tunnel, ferry, and road tolls (s.).......................................... Insurance (s.)20 Purchased local transportation.......................................................... Mass transit systems (s ) Taxicab (s.) .... Purchased intercity transportation..................................................... Railway (s.).... Bus (s.)......... Airline (s.)..... Other (s.)21.... Recreation.......... Books and maps (d ) Magazines, newspapers, and sheet music (n.d.)............................... Nondurable toys and sport supplies (n.d.)......................................... Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (d.)....................................................................... Video and audio goods, including musical instruments, and computer goods (d .)...................................................................... Video and audio goods, including musical instruments (d.).......... Computers, peripherals, and software (d.).................................... Radio and television repair (s.).......................................................... Flowers, seeds, and potted plants (n.d.)............................................ Admissions to specified spectator amusements................................ Motion picture theaters (s.)............................................................ Legitimate theaters and opera, and entertainments of nonprofit institutions (except athletics) (s.)............................................... Spectator sports (s.)22................................................................... Clubs and fraternal organizations (s.)23............................................. Commercial participant amusements (s.)24....................................... Pari-mutuel net receipts (s.)............................................................... Other (s.)25.......................................................................................... Education and research..................................................................... Higher education (s.)26...................................................................... Nursery, elementary, and secondary schools (s.)27.......................... Other (s.)28.......................................................................................... 1999 2000 2001 2002 60 61 91.878 100.000 100.131 101.932 73.468 100.000 86.645 87.072 62 95.922 100.000 104.740 112.819 63 95.052 100.000 107.958 114.000 64 95.098 100.000 95.470 91.441 65 100.543 100.000 101.116 99.353 bb 103.163 100.000 100.826 93.418 67 99.126 100.000 101.995 102.778 68 97.437 100.000 102.475 104.414 69 97.439 100.000 102.911 104.823 70 94.115 100.000 100.170 99.265 71 101.746 100.000 96.645 94.282 72 95.860 100.000 112.674 124.565 73 96.219 100.000 97.592 97.285 74 96.684 100.000 99.739 96.209 75 100.351 100.000 102.272 104.375 76 98.455 100.000 100.713 101.465 77 99.625 100.000 101.771 102.982 78 98.907 100.000 100.799 100.189 79 96.046 100.000 101.137 99.930 80 107.189 100.000 99.820 100.936 81 97.026 100.000 95.381 98.586 82 91.582 100.000 102.908 101.708 83 98.631 100.000 96.428 92.281 84 95.054 100.000 95.848 99.800 85 106.231 100.000 92.453 95.251 86 92.356 100.000 104.347 111.193 87 93.432 100.000 101.595 102.035 88 97.201 100.000 96.613 93.878 89 91.205 100.000 106.776 116.402 90 90.368 100.000 103.281 110.529 91 92 93 94 95 96 97 83.173 88.470 75.050 99.236 99.589 99.317 98.268 100.000 100.000 100.000 100.000 100.000 100.000 100.000 113.268 106.353 126.034 96.145 97.101 102.870 101.005 133.981 117.919 166.796 94.210 97.800 106.793 104.694 98 101.932 100.000 106.094 109.141 99 97.752 100.000 101.382 106.236 100 97.636 100.000 101.318 111.225 1U1 94.171 100.000 101.467 104.896 1U2 100.112 100.000 99.229 101.383 103 96.014 100.000 103.080 106.571 104 96.040 100.000 102.820 105.006 105 96.403 100.000 102.993 104.814 98.462 100.000 101.091 103.373 m 107 93.327 100.000 103.864 106.717 108 94.083 100.000 104.016 109.272 mq 110 m 11? 113 90.170 89.220 95.868 99.871 100.000 94.303 86.271 100.000 111.151 117.954 100.000 90.002 86.231 100.000 110.345 110.764 19. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associations, employment agency fees, money order fees, spending for classified advertisements, tax return preparation sen/ices, and other personal business services. 20. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor vehicle insurance. 21. Consists of baggage charges, coastal and inland waterway fares, travel agents’ fees, airport bus fares, and limousine services. 22. Consists of admissions to professional and amateur athletic events and to racetracks. 23. Consists of current expenditures (including consumption of fixed capital) of nonprofit clubs and fraternal organizations and dues and fees paid to proprietary clubs. 24. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement devices and parks; golf courses; skiing facilities; marinas; sightseeing; private flying operations; casino gambling; recreational equipment rental, and other commercial participant amusements. 25. Consists of lotteries, pets and pet care services, cable TV, film processing, photographic studios, sporting and recre ation camps, video rentals, internet access fees, and recreational services, not elsewhere classified. 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, and less expenditures for research and development financed under contracts or grants. For government institutions, equals student payments of tuition. 27. 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 sen/ices, which are included in religious and welfare activi ties. 28. Consists of (1) fees paid to business schools and computer and management training, technical and trade schools, other schools and instruction, and educational support services, and (2) current expenditures (including consumption of fixed capital) by nonprofit research organizations and by grantmaking foundations for education and research. 29. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious organizations, child day care services (excluding educational programs), social advocacy organizations, human rights organizations, civic and social organizations, residential mental health and substance abuse facilities, homes for the elderly, other residential care facilities, social assistance services, political organizations, museums, libraries, and grantmaking and giving services. The expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and exclude relief payments within the United States and expenditures by grantmaking foundations for education and research. For proprietary and government institutions, equals receipts from users. 30. Beginning with 1981, includes U.S. students’ expenditures abroad. 31. Beginning with 1981, includes nonresidents' student and medical care expenditures in the United States. Beginning with 1986, includes migratory worker and foreign professional expenditures in the U.S. N ote. Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.) 76 Personal Incom e and Outlays February 2004 Table 2.5.4. Price Indexes for Personal Consumption Expenditures by Type of Expenditure [Index numbers, 2000=100] Line Personal consumption expenditures.................................... Food purchased for off-premise consumption (n.d.)......................... Purchased meals and beverages (n.d.)1........................................... Food furnished to employees (including military) (n.d.).................... Food produced and consumed on farms (n.d.)................................. Tobacco products (n.d.)...................................................................... Addenda: Food excluding alcoholic beverages (n.d.)....................... Alcoholic beverages purchased for off-premise consumption (n.d.)........................................................ Other alcoholic beverages (n.d.)....................................... Clothing, accessories, and jewelry.................................................... Shoes (n.d.)........................................................................................ Clothing and accessories except shoes2 .......................................... Women’s and children’s (n.d.)....................................................... Men’s and boys” (n.d.)................................................................... Standard clothing issued to military personnel (n.d)........................ Cleaning, storage, and repair of clothing and shoes (s.).................. Jewelry and watches (d.)................................................................... Other (s.)3........................................................................................... Personal care........................................................................................ Toilet articles and preparations (n.d.)................................................ Barbershops, beauty parlors, and health clubs (s.).......................... Housing................................................................................................. Owner-occupied nonfarm dwellings—space rent (s.)4...................... Tenant-occupied nonfarm dwellings—rent (s.)5................................. Rental value of farm dwellings (s.).................................................... Other (s.)6........................................................................................... Household operation............................................................................ Furniture, including mattresses and bedsprings (d.)........................ Kitchen and other household appliances (d.)' .................................. China, glassware, tableware, and utensils (d.).................................. Other durable house furnishings (d.)8.... Semidurable house furnishings (n.d.)9... Cleaning and polishing preparations, and miscellaneous household supplies and paper products (n.d.)................................................ Stationery and writing supplies (n.d.)................................................ Household utilities.............................................................................. Electricity (s.).............. Gas (s.)....................... Water and other sanitary services (s.)........................................... Fuel oil and coal (n.d.)................................................................... Telephone and telegraph (s.)............................................................. Domestic service (s.)...... Other (s.)10..................... Drug preparations and sundries (n.d.)11........................................... Ophthalmic products and orthopedic appliances (d.)....................... Physicians (s.)12.................................................................................. Dentists (s.)........................................................................................ Other professional services (s.)13...................................................... Hospitals and nursing homes14......................................................... Hospitals..................... Nonprofit (s.)........... Proprietary (s.)....... Government (s.)..... Health insurance................................................................................ Medical care and hospitalization (s.)15.......................................... Income loss (s.)16........................................................................... Workers’ compensation (s.)17........................................................ 1999 2000 2001 1 ? 3 4 5 6 7 8 97.575 97.100 97.833 97.496 98.814 89.425 90.075 97.796 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.039 103.309 102.861 103.132 101.048 99.981 107.669 102.971 9 10 11 12 13 14 15 16 U 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 97.080 97.058 100.955 101.564 101.238 101.318 101.105 99.718 97.523 102.693 96.969 97.671 98.664 96.224 96.920 97.113 96.604 97.538 95.642 98.377 100.363 101.062 101.184 101.036 102.749 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.119 103.930 99.049 99.369 97.765 98.262 96.937 99.512 104.108 99.968 104.676 102.015 100.976 103.479 103.850 103.853 104.341 105.432 101.401 102.169 98.326 99.174 97.337 98.511 97.677 34 95.814 100.000 103.662 35 101.681 100.000 100.100 36 93.596 100.000 108.094 37 98.430 100.000 107.081 38 84.897 100.000 119.487 39 97.598 100.000 102.880 40 72.656 100.000 101.695 41 103.542 100.000 97.961 42 95.803 100.000 103.769 43 96.338 100.000 104.937 44 97.092 100.000 103.768 45 96.496 100.000 104.579 46 97.189 100.000 103.194 47 98.296 100.000 102.844 48 95.647 100.000 104.053 49 97.512 100.000 103.182 50 96.621 100.000 104.227 51 96.890 100.000 103.933 5? 96.638 100.000 104.411 53 97.418 100.000 102.971 54 97.416 100.000 102.955 55 95.409 100.000 105.597 56 97.864 100.000 103.148 57 97.143 100.000 103.681 58 96.780 100.000 102.845 59 101.475 100.000 100.554 2002 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, lino leum, 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, other traveler accommodations, 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, picture frames, mirrors, art products, portable lamps, clocks, blinds, shades, drapery hardware, and telephone equipment. 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 repair and maintenance services for appliances and house furnishings, moving and warehouse expenses, postage and parcel delivery charges, premiums plus premium supplements less normal losses and dividends paid to policy holders for insurance on personal property (except motor vehicles), and miscellaneous household operation services. 11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 12. Consists of offices of physicians, HMO medical centers, and freestanding ambulatory surgical and emergency centers. 13. Consists of chiropractors, optometrists, mental health practitioners (except physicians), physical, occupational and speech therapists, and audiologists, podiatrists, all other miscellaneous health practitioners, ambulance services, kidney dial ysis centers, family planning services, outpatient mental health and substance abuse centers, all other outpatient care centers, blood and organ banks, all other miscellaneous ambulatory health care services, home health furniture and equip ment rental, medical and diagnostic laboratories, and home health care. 14. 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. 15. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance. 16. Consists of premiums less benefits for income loss insurance. 17. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately administered workers’ compensation. 18. Consists of (1) operating expenses of commercial life insurance carriers and fraternal benefit life insurance and (2) administrative expenses of private noninsured pension plans and publicly administered government employee retirement plans. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of stock companies and services furnished without payment by banks, credit agencies, and investment companies. For pension and retirement plans, excludes services furnished without payment by banks, credit agencies, and investment companies. Line 103.429 Personal business................................................................................ Brokerage charges and investment counseling (s.)........................... 105.846 Bank service charges, trust services, and safe deposit box rental 104.358 (s.)................................................................................................... 105.954 Services furnished without payment by financial intermediaries 103.620 except life insurance carriers (s.)................................................... 91.771 Expense of handling life insurance and pension plans (s.)18............ 116.852 Legal services (s.).............................................................................. 104.896 Funeral and burial expenses (s.)....................................................... 104.163 107.463 Transportation...................................................................................... User-operated transportation............................................................. 97.021 New autos (d.)................................................................................ 98.055 Net purchases of used autos (d.).................................................. 94.904 Other motor vehicles (d.)............................................................... 95.522 Tires, tubes, accessories, and other parts (d.).............................. 93.874 Repair, greasing, washing, parking, storage, rental, and leasing 98.448 (s.).............................................................................................. 106.930 Gasoline and oil (n.d.)................................................................... 97.276 Bridge, tunnel, ferry, and road tolls (s.).......................................... 107.091 Insurance (s.)20............................................................................... 102.882 Purchased local transportation.......................................................... 100.808 Mass transit systems (s.)............................................................... 105.749 Purchased intercity transportation..................................................... 107.786 Railway (s.)..................................................................................... 108.088 Bus (s.)........................................................................................... 108.319 Airline (s.)....................................................................................... 105.377 Other (s.)21..................................................................................... 101.657 Recreation............................................................................................ 100.835 Books and maps (d.)........................................................................... 96.311 Magazines, newspapers, and sheet music (n.d.)............................... 97.971 Nondurable toys and sport supplies (n.d.)......................................... 93.889 Wheel goods, sports and photographic equipment, boats, and 96.898 pleasure aircraft (d.)........................................................................ 94.815 Video and audio goods, including musical instruments, and computer goods (d.)....................................................................... 104.438 Video and audio goods, including musical instruments (d.).......... 100.313 Computers, peripherals, and software (d .).................................... 104.191 Radio and television repair (s.).......................................................... 106.027 Flowers, seeds, and potted plants (n.d.)............................................ 101.723 Admissions to specified spectator amusements................................ 106.188 Motion picture theaters (s.)............................................................ 91.778 Legitimate theaters and opera, and entertainments of nonprofit 98.046 institutions (except athletics) (s.)............................................... 107.645 Spectator sports (s.)22.................................................................... 109.453 Clubs and fraternal organizations (s.)23............................................. 106.600 Commercial participant amusements (s.)24....................................... 108.995 Pari-mutuel net receipts (s.)............................................................... 103.873 Other (s.)25.......................................................................................... 102.834 108.711 Education and research...................................................................... Higher education (s.)26....................................................................... 105.657 Nursery, elementary, and secondary schools (s.)27........................... 108.112 Other (s.)28.......................................................................................... 107.790 108.301 106.776 Religious and welfare activities (s.)29............................................... 106.738 109.618 Foreign travel and other, net............................................................... 104.629 Foreign travel by U.S. residents (s.)30................................................ Expenditures abroad by U.S. residents (n.d.).................................... 106.732 104.487 Less: Expenditures in the United States by nonresidents (s.)31....... 94.424 Less: Personal remittances in kind to nonresidents (n.d.)................ 1999 2000 60 99.247 100.000 61 114.170 100.000 2001 2002 99.855 102.640 89.644 87.349 62 94.597 100.000 102.646 104.882 63 64 65 66 67 68 69 70 71 72 73 98.875 93.210 95.052 97.222 96.048 94.407 94.287 99.990 98.730 99.568 99.668 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 99.341 103.130 105.332 103.586 104.386 99.937 100.256 99.546 101.145 100.036 102.493 102.371 107.668 111.453 108.626 108.236 98.382 98.909 98.370 98.071 97.839 104.244 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 97.274 78.207 96.083 100.847 98.605 98.604 98.605 95.331 96.951 95.631 95.505 94.371 100.948 100.118 98.211 105.886 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 103.304 96.337 104.561 101.835 103.004 103.001 103.010 93.580 104.871 103.268 91.332 100.548 98.727 101.154 101.946 95.879 105.973 90.415 108.325 104.825 105.292 105.290 105.297 87.272 108.751 106.544 83.313 98.971 97.328 104.172 103.823 90.656 90 101.078 100.000 99.189 97.300 91 111.513 100.000 87.452 77.338 92 105.251 100.000 94.952 89.338 93 122.772 100.000 76.052 60.401 94 99.678 100.000 100.428 101.699 95 95.767 100.000 103.410 103.644 96 94.163 100.000 104.792 108.607 97 93.998 100.000 103.659 106.933 98 99 100 101 102 103 104 105 106 10/ 93.971 94.465 97.105 96.411 97.239 96.718 95.679 96.067 95.998 94.618 108 95.303 100.000 103.855 107.311 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 103.687 106.655 103.621 103.160 102.790 103.343 104.697 104.819 104.301 104.768 mq 110 99.242 100.000 101.417 111 108.758 100.000 99.706 112 95.465 100.000 101.048 113 96.798 100.000 101.008 107.012 111.329 105.730 105.249 104.795 106.986 109.266 110.127 107.735 108.757 106.261 105.664 101.233 100.367 19. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associations, employment agency fees, money order fees, spending for classified advertisements, tax return preparation services, and other personal business services. 20. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor vehicle insurance. 21. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, airport bus fares, and limousine services. 22. Consists of admissions to professional and amateur athletic events and to racetracks. 23. Consists of current expenditures (including consumption of fixed capital) of nonprofit dubs and fraternal organizations and dues and fees paid to proprietary clubs. 24. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement devices and parks; golf courses; skiing facilities; marinas; sightseeing; private flying operations; casino gambling; recreational equipment rental, and other commercial participant amusements. 25. Consists of lotteries, pets and pet care services, cable TV, film processing, photographic studios, sporting and recre ation camps, video rentals, internet access fees, and recreational services, not elsewhere classified. 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, and less expenditures for research and development financed under contracts or grants. For government institutions, equals student payments of tuition. 27. 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 activi ties. 28. Consists of (1) fees paid to business schools and computer and management training, technical and trade schools, other schools and instruction, and educational support services, and (2) current expenditures (including consumption of fixed capital) by nonprofit research organizations and by grantmaking foundations for education and research. 29. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious organizations, child day care services (excluding educational programs), social advocacy organizations, human rights organizations, civic and social organizations, residential mental health and substance abuse facilities, homes for the elderly, other residential care facilities, social assistance services, political organizations, museums, libraries, and grantmaking and giving services. The expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and exclude relief payments within the United States and expenditures by grantmaking foundations for education and research. For proprietary and government institutions, equals receipts from users. 30. Beginning with 1981, includes U.S. students' expenditures abroad. 31. Beginning with 1981, includes nonresidents’ student and medical care expenditures in the United States. Beginning with 1986, includes migratory worker and foreign professional expenditures in the U.S. N ote . Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.). February 2004 S urvey of 77 C u rr e n t B u sin ess Table 2.5.5. Personal Consumption Expenditures by Type of Expenditure [Billions of dollars] ine Personal consumption expenditures.................................... Food and tobacco................................................................................. Food purchased for off-premise consumption (n.d.).......................... Purchased meals and beverages (n.d.) 1........................................... Food furnished to employees (including military) (n.d.).................... Food produced and consumed on farms (n.d.)................................ Tobacco products (n.d.)..................................................................... Addenda: Food excluding alcoholic beverages (n.d.)....................... Alcoholic beverages purchased for off-premise consumption (n.d.)........................................................ Other alcoholic beverages (n.d.)....................................... Clothing, accessories, and jewelry.................................................... Shoes (n.d.)....................................................................................... Clothing and accessories except shoes2.......................................... Women’s and children’s (n.d.)....................................................... Men’s and boys’ (n.d.)................................................................... Standard clothing issued to military personnel (n.d.)....................... Cleaning, storage, and repair of clothing and shoes (s.).................. Jewelry and watches (d.)................................................................... Other (s.)3........................................................................................... Personal care........................................................................................ Toilet articles and preparations (n.d.)................................................ Barbershops, beauty parlors, and health clubs (s.).......................... Housing................................................................................................. Owner-occupied nonfarm dwellings-space rent (s.)4....................... Tenant-occupied nonfarm dwellings-rent (s.)5................................. Rental value of farm dwellings (s.).................................................... Other (s.)6........................................................................................... Household operation........................................................................... Furniture, including mattresses and bedsprings (d.)........................ Kitchen and other household appliances (d.)' ................................. China, glassware, tableware, and utensils (d.)................................. Other durable house furnishings (d.)8............................................... Semidurable house furnishings (n.d.)9.............................................. Cleaning and polishing preparations, and miscellaneous household supplies and paper products (n.d)................................................. Stationery and writing supplies (n.d) Household utilities....................... Electricity (s.)............................ Gas (s.)..................................... Water and other sanitary services (s ) Fuel oil and coal (n.d.)............. Telephone and telegraph (s.)............................................................. Domestic service (s ) Other (s.)10.......... Medical care............ Drug preparations and sundries (n.d.)11........................................... Ophthalmic products ana ortnopeaic appliances (a.)....................... Physicians (s.)12................................................................................. Dentists (s.)..................... Other professional services (s ) 13 Hospitals and nursing homes14 Hospitals...................... Nonprofit (s.)............ Proprietary (s.)........ Government (s.)........................................................................ Nursing homes (s.)......................................................................... Health insurance............................................................................... Medical care and hospitalization (s.)15.......................................... Income loss (s.)16.......................................................................... Workers’ compensation (s.)17........................................................ 1999 2000 2001 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, lino leum, 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, other traveler accommodations, 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, picture frames, minors, art products, portable lamps, clocks, blinds, shades, drapery hardware, and telephone equipment. 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 repair and maintenance services for appliances and house furnishings, moving and warehouse expenses, postage and parcel delivery charges, premiums plus premium supplements less normal losses and dividends paid to policy holders for insurance on personal property (except motor vehicles), and miscellaneous household operation services. 11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 12. Consists of offices of physicians, HMO medical centers, and freestanding ambulatory surgical and emergency centers. 13. Consists of chiropractors, optometrists, mental health practitioners (except physicians), physical, occupational and speech therapists, and audiologists, podiatrists, all other miscellaneous health practitioners, ambulance services, kidney dial ysis centers, family planning services, outpatient mental health and substance abuse centers, all other outpatient care centers, blood ana organ banks, all other miscellaneous ambulatory health care services, home health furniture and equip ment rental, medical and diagnostic laboratories, and home health care. 14. 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. 15. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance. 16. Consists of premiums less benefits for income loss insurance. 17. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately administered workers’ compensation. 18. Consists of (1) operating expenses of commercial life insurance carriers and fraternal benefit life insurance and (2) administrative expenses of private noninsured pension plans and publicly administered government employee retirement plans. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of stock companies and sen/ices furnished without payment by banks, credit agencies, and investment companies. For pension and retirement plans, excludes sen/ices furnished without payment by banks, credit agencies, and investment companies. 19. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associations, Line 2002 1 6,282.5 6,739.4 7,045.4 7,385.3 Personal business.............................................................................. Brokerage charges and investment counseling (s.)......................... 2 944.8 1,003.7 1,047.8 1,094.8 Bank service charges, trust services, and safe deposit box rental 3 566.7 536.9 592.7 614.8 (s.).................................................................................................. 4 326.9 348.8 362.0 380.5 Services furnished without payment by financial intermediaries 5 8.8 9.1 9.4 9.7 except life insurance carriers (s.).................................................. 6 0.5 0.6 0.5 0.6 Expense of handling life insurance and pension plans (s.)18........... 7 71.6 78.5 83.2 89.3 Legal services (s.)............................................................................. 771.7 8 816.5 852.6 889.1 Funeral and burial expenses (s.)....................................................... Other (s.)19......................................................................................... 9 66.1 71.2 75.2 73.5 35.4 10 37.5 38.5 41.3 Transportation................... User-operated transportation 11 379.6 397.0 396.8 405.5 New autos (d.)............. 45.4 12 47.0 47.6 49.1 Net purchases of used autos (d.).................................................. 250.4 13 240.6 249.5 255.0 Other motor vehicles (d ) 14 149.9 156.7 156.5 160.6 Tires, tubes, accessories, and other parts (d.)............................. 90.7 93.7 94.4 15 93.0 Repair, greasing, washing, parking, storage, rental, and leasing 16 0.3 0.3 0.3 0.3 (s.)........................................................................................... 17 15.1 15.7 15.8 15.5 Gasoline and oil (n.d.)................................................................... 48.1 51.0 18 50.6 49.1 Bridge, tunnel, ferry, and road tolls (s.)......................................... 30.1 32.9 34.4 34.6 19 Insurance (s.)20............................................................................. 20 89.5 93.4 97.2 94.3 Purchased local transportation......................................................... 21 53.9 55.0 54.1 54.3 Mass transit systems (s.).............................................................. 22 35.6 38.4 40.1 42.9 Taxicab (s.).................................................................................... Purchased intercity transportation.................................................... 948.4 1,006.5 1,073.7 1,144.6 23 Railway (s ) 24 668.4 712.2 768.9 821.7 Bus (s.).. 241.1 25 219.0 227.5 259.0 Airline (s ) 10.2 10.7 26 11.4 11.3 Other (s.)21 27 50.9 52.4 52.6 56.0 675.2 28 719.3 738.4 748.3 Recreation.. Books and maps (d.).......................................................................... 29 63.5 67.6 67.2 69.8 Magazines, newspapers, and sheet music (n.d.).............................. 29.2 30.4 31.7 30 30.8 Nondurable toys and sport supplies (n.d.)........................................ 31 29.3 31.0 32.1 31.0 Wheel goods, sports and photographic equipment, boats, and 69.4 32 63.8 67.3 67.5 pleasure aircraft (d.)...................................................................... 37.4 33 36.5 36.5 35.1 Video and audio goods, including musical instruments, and computer goods (d.)...................................................................... 59.2 34 61.6 64.3 66.8 Video and audio goods, including musical instruments (d.)......... 18.5 19.0 18.3 18.3 35 Computers, peripherals, and software (d.).................................... 191.4 209.9 223.8 220.3 36 Radio and television repair (s.)......................................................... 37 97.2 102.3 107.3 111.3 Flowers, seeds, and potted plants (n.d.)........................................... 33.4 41.0 41.0 38 48.9 Admissions to specified spectator amusements.............................. 53.4 39 48.8 50.8 52.2 Motion picture theaters (s.)........................................................... 40 11.9 15.8 15.4 14.6 Legitimate theaters and opera, and entertainments of nonprofit 118.4 41 125.1 128.7 129.9 institutions (except athletics) (s.)............................................... 42 17.4 15.9 17.0 16.1 Spectator sports (s.)22........... 55.7 43 50.8 53.6 54.4 Clubs and fraternal organizations (s )23 44 1,130.8 1,218.3 1,322.8 1,436.6 Commercial participant amusements (s.)24...................................... 169.4 45 148.9 192.6 213.1 Pari-mutuel net receipts (s.)........ 22.1 20.8 46 20.8 20.3 Other (s.)25.................................. 47 220.8 236.8 256.8 275.9 Education and research.............. 57.4 61.8 72.6 48 66.8 Higher education (s.)26...................................................................... 49 153.3 161.6 175.4 191.1 Nursery, elementary, and secondary schools (s.)27......................... 50 453.6 482.6 521.7 568.0 Other (s.)28......................................................................................... 51 371.1 396.0 429.8 472.3 250.7 267.1 52 287.7 314.3 Religious and welfare activities (s.)29. 43.1 57.2 53 40.9 48.5 54 79.6 85.7 93.6 100.8 82.4 86.6 91.9 95.8 Foreign travel and other, net....................................................... 55 Foreign travel by U.S. residents (s.)30......................................... 56 76.1 84.0 89.3 95.1 Expenditures abroad by U.S. residents (n.d.)............................ 57 68.4 78.5 61.1 73.0 1.7 58 1.5 2.0 1.8 Less: Expenditures in the United States by nonresidents (s.)31. 14.4 14.6 Less: Personal remittances in kind to nonresidents (n.d.)......... 59 13.5 13.8 1999 2000 2001 2002 60 61 491.6 84.4 539.1 100.6 539.0 78.1 564.0 76.5 62 58.3 64.2 69.1 76.0 63 64 65 66 67 68 69 70 71 72 73 157.2 85.2 61.0 14.0 31.6 785.0 729.3 97.5 60.9 165.4 47.0 167.2 96.1 63.9 14.0 33.1 853.4 793.8 103.6 60.7 173.2 49.0 179.3 94.6 68.0 14.6 35.3 874.0 819.0 103.3 59.3 195.3 49.1 195.2 94.6 70.7 14.2 36.9 876.7 823.0 101.1 56.1 211.1 49.7 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 172.6 137.9 4.8 43.2 11.9 8.6 3.3 43.9 0.5 2.2 33.3 7.8 546.1 31.5 33.5 54.7 183.5 175.7 5.1 43.0 12.2 9.1 3.1 47.4 0.5 2.4 36.7 7.8 585.7 33.7 35.0 56.6 189.1 173.1 5.3 44.6 12.7 9.5 3.2 42.3 0.6 2.4 32.1 7.3 603.4 34.6 34.5 58.0 187.1 165.8 5.6 46.5 12.9 9.6 3.3 40.8 0.6 2.3 30.5 7.4 633.9 35.8 34.2 59.7 90 52.6 57.6 59.0 61.9 91 92 93 94 95 96 97 108.1 67.8 40.4 4.1 17.1 28.4 7.9 116.6 72.8 43.8 4.2 18.0 30.4 8.6 115.5 73.5 42.0 4.0 18.0 32.8 9.0 120.8 76.7 44.2 4.0 18.2 35.3 9.6 98 99 100 101 102 103 104 105 106 107 9.9 10.6 18.0 68.8 4.9 124.3 150.5 80.0 32.7 37.8 10.3 11.5 19.0 75.8 5.0 133.9 163.8 86.4 34.6 42.8 11.4 12.4 20.0 79.4 5.1 142.6 176.3 93.2 36.5 46.6 12.1 13.6 22.4 83.7 5.3 152.6 187.9 99.7 38.6 49.7 108 154.5 172.3 186.1 202.0 109 110 111 11? 113 -13.5 75.5 4.4 92.1 1.3 -13.0 84.4 4.6 100.7 1.4 -7.2 80.7 5.1 91.5 1.5 -€.3 77.4 5.7 87.9 1.5 employment agency fees, money order fees, spending for classified advertisements, tax return preparation services, and other personal business services. 20. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor vehicle insurance. 21. Consists of baggage charges, coastal and inland waterway fares, travel agents’ fees, airport bus fares, and limousine services. 22. Consists of admissions to professional and amateur athletic events and to racetracks. 23. Consists of current expenditures (including consumption of fixed capital) of nonprofit dubs and fraternal organizations and dues and fees paid to proprietary clubs. 24. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement devices and parks; golf courses; skiing facilities; marinas; sightseeing; private flying operations; casino gambling; recreational equipment rental, and other commercial participant amusements. 25. Consists of lotteries, pets and pet care services, cable TV, film processing, photographic studios, sporting and recre ation camps, video rentals, internet access fees, and recreational services, not elsewhere classified. 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, and less expenditures for research and development financed under contracts or grants. For government institutions, equals student payments of tuition. 27. 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 activi ties. 28. Consists of (1) fees paid to business schools and computer and management training, technical and trade schools, other schools and instruction, and educational support services, and (2) current expenditures (including consumption of fixed capital) by nonprofit research organizations and by grantmaking foundations for education and research. 29. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious organizations, child day care services (excluding educational programs), social advocacy organizations, human rights organizations, civic and social organizations, residential mental health and substance abuse facilities, homes for the elderly, other residential care facilities, social assistance services, political organizations, museums, libraries, and grantmaking and giving services. The expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and exclude relief payments within the United States and expenditures by grantmaking foundations for education and research. For proprietary and government institutions, equals receipts from users. 30. Beginning with 1981, includes U.S. students’ expenditures abroad; these expenditures were $0.3 billion in 1981. 31. 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. Beginning with 1986, includes migratory worker and foreign professional expenditures in the U.S.; migratory worker expenditures were $1.0 billion and foreign profes sional expenditures were $0.1 billion in 1986. N ote . Consumer durable goods are designated (d.), nondurable goods (n.d.), and sen/ices (s.). Personal Incom e and Outlays 78 February 2004 Table 2.5.6. Real Personal Consumption Expenditures by Type of Expenditure, Chained Dollars [Billions of chained (2000) dollars] Line Personal consumption expenditures.................................... Food and tobacco................................................................................. Food purchased for off-premise consumption (n.d.)......................... Purchased meals and beverages (n.d.)1........................................... Food furnished to employees (including military) (n.d.).................... Food produced and consumed on farms (n.d.)................................. Tobacco products (n.d.)...................................................................... Addenda: Food excluding alcoholic beverages (n.d.)....................... Alcoholic beverages purchased for off-premise consumption (n.d.)........................................................ Other alcoholic beverages (n d ) Clothing, accessories, and jewelry...... Shoes (n.d.).......................................... Clothing and accessories except shoes2 .......................................... Women’s and children’s (n.d.)....................................................... Men’s and boys” (n.d.).................................................................... Standard clothing issued to military personnel (n.d.)....................... Cleaning, storage, and repair of clothing and shoes (s.).................. Jewelry and watches (d.).................................................................... Other (s.)3........................................................................................... Personal care........................................................................................ Toilet articles and preparations (n.d.)................................................ Barbershops, beauty parlors, and health clubs (s.)........................... Housing............................................................... Owner-occupied nonfarm dwellings—space rent (s.)4..................... Tenant-occupied nonfarm dwellings—rent (s.)5 Rental value of farm dwellings (s.).................. Other (s.)6......................................................... Household operation.......................................... Furniture, including mattresses and bedsprings (d.)......................... Kitchen and other household appliances (d.)7, China, glassware, tableware, and utensils (d.). Other durable house furnishings (d.)8............................................... Semidurable house furnishings (n.d.)9.............................................. Cleaning and polishing preparations, and miscellaneous household supplies and paper products (n.d)................................................. Stationery and writing supplies (n.d.)................................................ Household utilities.............................................................................. Electricity (s.).................................................................................. Gas (s.)........................................................................................... Water and other sanitary services (s.)........................................... Fuel oil and coal (n.d.).................................................................... Telephone and telegraph (s.)............................................................. Domestic service (s.).......................................................................... Other (s.)10......................................................................................... Medical care.......................................................................................... Drug preparations and sundries (n.d.)11........................................... Ophthalmic products and orthopedic appliances (d.)....................... Physicians (s.)12................................................................................. Dentists (s.)........................................................................................ Other professional services (s.)13...................................................... Hospitals and nursing homes14 Hospitals................... Nonprofit (s.)......... Proprietary (s.)..... Government (s.) ... Nursing homes (s.)... Health insurance.......... Medical care and hospitalization (s.)15.......................................... Income loss (s.)16..... Workers’ compensation (s.)17........................................................ 1999 2000 2001 1 6,438.6 6,739.4 6,904.6 7,140.4 Personal business................................................................................ Brokerage charges and investment counseling (s.)........................... ? 973.0 1,003.7 1,014.3 1,034.4 Bank service charges, trust services, and safe deposit box rental 3 566.7 576.2 589.1 548.8 (s-)..................................................... .............................................. 4 348.8 351.0 359.1 335.3 Services furnished without payment by financial intermediaries s 9.4 89 91 93 except life insurance carriers (s.)................................................... 6 06 06 06 06 Expense of handling life insurance and pension plans (s.)18............ 7 76.4 78.5 77.3 79.5 Legal services (s.)............................................................................... R 789.1 816.5 828.0 847.6 Funeral and burial expenses (s.)........................................................ Other (s.)19.......................................................................................... 72.2 9 68.1 71.2 72.0 38.4 Transportation...................................................................................... 36.4 37.5 37.0 10 User-operated transportation............................................................. 11 376.0 397.0 400.6 418.0 New autos (d.)..................... 50 1 12 447 47 0 47 9 Net purchases of used autos (d.)................................................... 13 250.4 255.2 268.7 237.7 Other motor vehicles (d.).... 14 156.7 159.3 168.1 148.0 Tires, tubes, accessories, and other parts (d .).............................. 15 89.7 93.7 95.9 100.6 Repair, greasing, washing, parking, storage, rental, and leasing 0.3 03 03 03 1fi (s.)............................................................................................... 17 14.5 155 157 15 1 Gasoline and oil (n.d.)..................................................................... 49 1 18 52.4 468 50 6 Bridge, tunnel, ferry, and road tolls (s.).......................................... 19 32.3 32 9 32 9 31 1 Insurance (s.)20....... 93.4 92.4 94.5 20 91.6 Purchased local transportation 53.9 21 54.6 55.0 53.6 Mass transit systems (s.)................................................................ 38.4 22 37.0 38.8 40.6 Taxicab (s.).............. 23 978.6 1,006.5 1,033.9 1,061.9 Purchased intercity transportation..................................................... 24 712.2 740.4 760.2 688.2 Railway (s.)..................................................................................... 226.7 25 227.5 231.0 239.1 Bus (s.)............................................................................................ 10.5 10.7 10.8 10.8 26 Airline (s.)........................................................................................ 27 53.2 56.0 51.6 51.7 Other (s.)21...................................................................................... 722.7 742.1 Recreation............................................................................................. 28 686.3 719.3 68.4 72.4 29 63.2 67.6 Books and maps (d.)........................................................................... 30.4 30 28.9 31.0 32.3 Magazines, newspapers, and sheet music (n.d.)............................... 34.2 31 28.9 31.0 31.9 Nondurable toys and sport supplies (n.d.)......................................... 68.5 32 63.1 67.3 71.6 Wheel goods, sports and photographic equipment, boats, and 34.2 36.5 37.3 39.4 33 pleasure aircraft (d.)........................................................................ Video and audio goods, including musical instruments, and 34 61.8 61.6 62.0 64.0 computer goods (d.)........................................................................ 35 18.2 19.0 18.3 18.3 Video and audio goods, including musical instruments (d.).......... 3fi 211.4 204.5 209.9 207.1 100.2 105.0 37 98.8 102.3 Radio and television repair (s.).......................................................... 41.0 40.9 38 39.3 40.3 Flowers, seeds, and potted plants (n.d.)............................................ 50.0 50.8 50.7 50.3 39 Admissions to specified spectator amusements................................ 16.4 15.8 15.2 15.9 40 Motion picture theaters (s.)............................................................ 131.4 132.4 41 114.3 125.1 Legitimate theaters and opera, and entertainments of nonprofit 17.4 42 16.8 15.3 15.8 institutions (except athletics) (s.)................................................ 52.8 53.6 51.9 50.9 43 Spectator sports (s.)23.................................................................... Clubs and fraternal organizations (s.)24............................................. 44 1,164.7 1,218.3 1,274.8 1,347.7 Commercial participant amusements (s.)25....................................... 169.4 45 154.3 184.2 195.6 Pari-mutuel net receipts (s.)............................................................... 46 21.4 22.1 19.7 20.0 Other (s.)26.......................................................................................... 47 236.8 249.7 268.3 224.6 48 60.0 61.8 64.2 66.8 Education and research....................................................................... 157.2 49 161.6 170.0 180.9 Higher education (s.)27........................................................................ 469.4 50 482.6 500.5 525.4 Nursery, elementary, and secondary schools (s.)28........................... 413.5 438.1 51 383.0 396.0 Other (s.)29.......................................................................................... 62 259.4 267.1 275.5 290.2 53 41.9 43.1 47.1 53.6 Religious and welfare activities (s.)30............................................... 85.7 54 81.7 90.9 94.4 Foreign travel and other, net.............................................................. 86.4 87.0 87.4 Foreign travel by U.S. residents (s.)31................................................ 55 86.6 Expenditures abroad by U.S. residents (n.d.).................................... 84.0 86.5 90.9 56 77.8 Less: Expenditures in the United States by nonresidents (s.)32....... 57 68.4 70.4 62.9 73.6 1.7 Less: Personal remittances in kind to nonresidents (n.d.)................ 58 1.6 1.8 1.9 59 13.3 13.8 14.3 15.5 Residual.................................................................................................. 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 sen/ices. 4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting fixtures, kitchen cabinets, lino leum, 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, other traveler accommodations, 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, picture frames, mirrors, art products, portable lamps, clocks, blinds, shades, drapery hardware, and telephone equipment. 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 repair and maintenance services for appliances and house furnishings, moving and warehouse expenses, postage and parcel delivery charges, premiums plus premium supplements less normal losses and dividends paid to policy holders for insurance on personal property (except motor vehicles), and miscellaneous household operation services. 11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 12. Consists of offices of physicians, HMO medical centers, and freestanding ambulatory surgical and emergency centers. 13. Consists of chiropractors, optometrists, mental health practitioners (except physicians), physical, occupational and speech therapists, and audiologists, podiatrists, all other miscellaneous health practitioners, ambulance services, kidney dial ysis centers, family planning services, outpatient mental health and substance abuse centers, all other outpatient care centers, blood and organ banks, all other miscellaneous ambulatory health care services, home health furniture and equip ment rental, medical and diagnostic laboratories, and home health care. 14. 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. 15. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance. 16. Consists of premiums less benefits for income loss insurance. 17. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately administered workers' compensation. 18. Consists of (1) operating expenses of commercial life insurance carriers and fraternal benefit life insurance and (2) administrative expenses of private noninsured pension plans and publicly administered government employee retirement plans. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of stock companies and services furnished without payment by banks, credit agencies, and investment companies. For pension and retirement plans, excludes services furnished without payment by banks, credit agencies, and investment companies. 19. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associations, employment agency fees, money order fees, spending for classified advertisements, tax return preparation services, and Line 2002 1999 2000 2001 2002 60 61 495.3 73.9 539.1 100.6 539.8 87.1 549.5 87.6 t>2 61.6 64.2 67.3 72.5 63 64 6b 6b 67 68 69 /O 71 /2 /3 158.9 91.4 64.2 14.4 32.9 831.6 773.4 97.5 61.7 166.1 47.2 167.2 96.1 63.9 14.0 33.1 853.4 793.8 103.6 60.7 173.2 49.0 180.5 91.7 64.6 14.1 33.8 874.6 816.9 103.8 58.6 195.2 47.9 190.6 87.9 63.4 13.1 34.1 891.1 832.1 102.8 57.2 215.8 47.7 /4 lb /6 // 78 79 80 81 82 83 84 85 86 87 88 89 177.4 176.3 5.0 42.9 12.1 8.7 3.4 46.0 0.5 2.3 34.9 8.3 540.9 31.4 34.1 51.6 183.5 175.7 5.1 43.0 12.2 9.1 3.1 47.4 0.5 2.4 36.7 7.8 585.7 33.7 35.0 56.6 183.0 179.6 5.1 43.8 12.3 9.2 3.1 45.2 0.5 2.3 35.2 7.2 611.2 34.2 33.9 60.4 176.5 183.3 5.2 44.3 12.3 9.1 3.2 46.8 0.5 2.2 36.7 7.4 651.3 34.3 32.9 65.9 90 52.0 57.6 59.5 63.6 91 92 93 94 95 96 97 97.0 64.4 116.6 72.8 132.1 77.4 156.2 85.8 4.1 17.9 30.2 8.4 4.2 18.0 30.4 8.6 4.0 17.5 31.3 8.7 3.9 17.6 32.5 9.0 98 99 100 101 102 103 104 105 106 107 10.5 11.2 18.6 71.4 5.0 128.5 157.3 83.3 34.1 39.9 10.3 11.5 19.0 75.8 5.0 133.9 163.8 86.4 34.6 42.8 11.0 11.6 19.3 76.9 4.9 138.0 168.4 88.9 35.0 44.4 11.3 12.2 21.2 79.5 5.1 142.7 172.0 90.5 35.8 45.7 108 109 110 111 112 113 114 162.1 -17.7 76.1 4.1 96.5 1.4 -5.4 172.3 -13.0 84.4 4.6 100.7 1.4 0.2 179.2 -7.4 79.6 5.1 90.6 1.5 -0.5 188.3 -10.1 72.8 5.4 86.8 1.5 -9.2 other personal business services. 20. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor vehicle insurance. 21. Consists of baggage charges, coastal and inland waterway fares, travel agents’ fees, airport bus fares, and limousine services. 22. The quantity index for computers can be used to accurately measure the real growth rate of this component. However because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate series. 23. Consists of admissions to professional and amateur athletic events and to racetracks. 24. Consists of current expenditures (including consumption of fixed capital) of nonprofit clubs and fraternal organizations and dues and fees paid to proprietary clubs. 25. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement devices and parks; golf courses; skiing facilities; marinas; sightseeing; private flying operations; casino gambling; recreations equipment rental, and other commercial participant amusements. 26. Consists of lotteries, pets and pet care services, cable TV, film processing, photographic studios, sporting and recre ation camps, video rentals, internet access fees, and recreational services, not elsewhere classified. 27. 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 fo research and development financed under contracts or grants. For government institutions, equals student payments of tuition. 28. 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 ties. 29. Consists of (1) fees paid to business schools and computer and management training, technical and trade schools, other schools and instruction, and educational support services, and (2) current expenditures (including consumption of fixe capital) by nonprofit research organizations and by grantmaking foundations for education and research. 30. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious organization! child day care services (excluding educational programs), social advocacy organizations, human rights organizations, civic and social organizations, residential mental health and substance abuse facilities, homes for the elderly, other residential car facilities, social assistance services, political organizations, museums, libraries, and grantmaking and giving services. The expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and exclude relief payments within the United States and expenditures by grantmaking foundations for education and research. For proprietary and government institutions, equals receipts from users. 31. Beginning with 1981, includes U.S. students' expenditures abroad. 32. Beginning with 1981, includes nonresidents’ student and medical care expenditures in the United States. Beginning with 1986, includes migratory worker and foreign professional expenditures in the U.S. N ote . Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.). February 2004 S urvey of 79 C urrent B u sin ess Table 2.6. Personal Income and Its Disposition, Monthly [Billions of dollars; months seasonally adjusted at annual rates] 1999 Line Jan. Personal income................................................ Compensation of employees, received........... Wage and salary disbursements................ Private industries..................................... Government............................................. Supplements to wages and salaries........... Proprietors’ income with inventory valuation and capital consumption adjustments........ Farm............................................................ Nonfarm....................................................... Rental income of persons with capital consumption adjustment............................. Personal income receipts on assets............... Personal interest income............................. Personal dividend income.......................... Personal current transfer receipts................... Government social benefits to persons...... Other current transfer receipts, from business (net).......................................... Less: Contributions for government social insurance..................................................... Less: Personal current taxes............................ Equals: Disposable personal income............. Less: Personal outlays...................................... Personal consumption expenditures............... Personal interest payments1.......................... Personal current transfer payments................ Equals: Personal saving................................... Personal saving as a percentage of disposable personal income................... Addenda: Disposable personal income: Total, billions of chained (2000) dollars2..... Per capita: Current dollars......................................... Chained (2000) dollars........................... Population (midperiod, thousands)3............... Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 1 2 3 4 5 6 7,635.6 5,218.2 4,354.5 3,638.5 716.1 863.7 7,661.2 5,249.5 4,381.9 3,663.4 718.5 867.5 7,678.5 5,260.7 4,390.8 3,670.9 719.9 869.9 7,699.0 5,274.4 4,401.4 3,678.6 722.8 873.0 7,730.5 5,302.0 4,424.7 3,701.0 723.6 877.3 7,756.9 5,315.5 4,434.7 3,708.3 726.3 880.9 7,785.2 5,340.4 4,454.9 3,726.1 728.7 885.5 7,834.2 5,373.2 4,482.9 3,750.5 732.4 890.3 7,851.8 5,399.9 4,505.1 3,769.4 735.7 894.8 7,930.8 5,449.4 4,547.1 3,808.1 739.0 902.3 7,992.1 5,490.8 4,582.8 3,840.4 742.4 908.0 8,073.4 5,549.5 4,634.3 3,888.1 746.1 915.2 7 8 9 660.6 35.4 625.3 664.6 35.2 629.4 667.7 34.2 633.6 670.0 30.9 639.1 669.6 29.3 640.3 676.4 27.8 648.6 678.7 27.1 651.6 684.2 26.2 658.1 679.0 23.4 655.6 688.0 24.9 663.1 697.3 24.6 672.7 703.1 24.2 678.9 10 11 12 13 14 15 144.1 1,256.1 914.4 341.8 1,006.7 976.3 145.2 1,247.7 909.7 338.0 1,008.0 977.2 146.1 1,244.3 909.5 334.8 1,014.0 982.7 146.9 1,253.2 920.5 332.7 1,009.3 977.2 147.6 1,255.4 924.0 331.4 1,013.3 980.6 148.3 1,257.5 926.7 330.8 1,017.3 983.8 148.5 1,257.0 925.9 331.0 1,020.4 986.2 149.3 1,261.6 929.5 332.1 1,028.6 993.7 135.7 1,268.5 934.5 333.9 1,033.3 996.1 150.9 1,276.2 939.8 336.5 1,035.7 999.6 152.3 1,288.7 948.8 339.9 1,036.3 999.1 153.0 1,304.3 960.3 344.1 1,042.2 1,003.9 16 30.3 30.8 31.3 32.1 32.8 33.4 34.2 34.9 37.2 36.2 37.2 38.3 17 18 19 20 21 22 23 24 650.2 1,064.4 6,571.2 6,311.3 6,067.4 174.3 69.6 259.8 653.7 1,072.8 6,588.5 6,344.1 6,099.7 174.3 70.0 244.4 654.4 1,078.0 6,600.5 6,383.6 6,138.0 175.1 70.4 216.9 654.8 1,082.6 6,616.4 6,453.0 6,202.5 178.2 72.4 163.4 657.4 1,090.8 6,639.7 6,497.5 6,245.1 179.5 72.8 142.2 658.1 1,097.1 6,659.8 6,517.9 6,264.1 180.6 73.2 141.8 659.7 1,105.5 6,679.7 6,551.5 6,297.3 180.7 73.6 128.2 662.7 1,115.7 6,718.5 6,594.4 6,338.6 181.9 74.0 124.0 664.6 1,125.3 6,726.5 6,633.6 6,375.7 183.5 74.4 92.9 669.4 1,140.0 6,790.8 6,657.0 6,396.7 185.8 74.5 133.7 673.2 1,151.8 6,840.3 6,696.0 6,433.2 187.8 75.0 144.3 678.7 1,165.8 6,907.6 6,796.6 6,531.3 189.9 75.5 111.0 25 4.0 3.7 3.3 2.5 2.1 2.1 1.9 1.8 1.4 2.0 2.1 1.6 26 6,797.4 6,816.7 6,824.7 6,805.5 6,821.6 6,839.3 6,843.0 6,870.7 6,854.3 6,909.5 6,953.7 7,003.4 27 28 29 23,647 24,461 277,891 23,691 24,512 278,095 23,715 24,521 278,324 23,750 24,429 278,584 23,810 24,463 278,859 23,857 24,500 279,148 23,903 24,488 279,448 24,016 24,560 279,752 24,019 24,475 280,053 24,224 24,647 280,337 24,378 24,782 280,594 24,596 24,937 280,846 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 2000 Line Personal income................................................ Compensation of employees, received........... Wage and salary disbursements................ Private industries..................................... Government............................................. Supplements to wages and salaries........... Proprietors’ income with inventory valuation and capital consumption adjustments........ Farm............................................................ Nonfarm....................................................... Rental income of persons with capital consumption adjustment............................. Personal income receipts on assets............... Personal interest income............................. Personal dividend income.......................... Personal current transfer receipts................... Government social benefits to persons...... Other current transfer receipts, from business (net).......................................... Less: Contributions for government social insurance..................................................... Less: Personal current taxes........................... Equals: Disposable personal income............. Less: Personal outlays...................................... Personal consumption expenditures............... Personal interest payments1.......................... Personal current transfer payments................ Equals: Personal saving................................... Personal saving as a percentage of disposable personal income................... Addenda: Disposable personal income: Total, billions of chained (2000) dollars2..... Per capita: Current dollars......................................... Chained (2000) dollars........................... Population (midperiod, thousands)3............... See footnotes at the end of the table. 1 2 3 4 5 6 8,206.7 5,662.3 4,733.8 3,975.5 758.2 928.5 8,267.2 5,694.7 4,760.5 3,999.2 761.2 934.2 8,324.7 5,725.2 4,785.6 4,019.2 766.4 939.6 8,337.7 5,722.0 4,781.5 4,011.2 770.3 940.5 8,367.5 5,708.9 4,765.8 3,993.4 772.4 943.1 8,411.8 5,750.7 4,802.3 4,026.7 775.6 948.3 8,488.1 5,825.8 4,866.4 4,088.7 777.8 959.4 8,511.4 5,829.1 4,867.3 4,088.4 778.9 961.7 8,543.6 5,857.4 4,891.1 4,110.3 780.8 966.3 8,560.6 5,866.0 4,895.4 4,112.8 782.7 970.6 8,562.5 5,873.2 4,900.0 4,115.3 784.7 973.2 8,574.4 5,876.7 4,901.0 4,113.8 787.3 975.6 7 8 9 701.3 23.3 678.0 707.7 23.2 684.5 719.0 23.2 695.9 720.3 23.8 696.4 726.3 23.9 702.4 733.1 23.7 709.3 730.7 23.5 707.2 738.4 23.0 715.4 737.6 22.4 715.2 744.4 20.6 723.9 744.1 20.5 723.6 737.7 21.2 716.6 10 11 12 13 14 15 154.3 1,332.0 981.0 351.0 1,050.1 1,010.1 154.1 1,351.2 992.4 358.8 1,055.1 1,014.5 153.1 1,366.6 1,001.2 365.5 1,058.6 1,017.6 149.6 1,376.0 1,005.1 370.9 1,066.5 1,025.1 148.3 1,386.1 1,010.5 375.6 1,091.9 1,050.0 147.7 1,394.7 1,015.1 379.6 1,084.0 1,041.7 147.9 1,402.2 1,019.5 382.8 1,088.3 1,045.6 148.1 1,406.9 1,021.9 385.0 1,095.6 1,052.4 148.5 1,409.4 1,023.0 386.4 1,100.4 1,056.9 150.0 1,408.6 1,021.9 386.6 1,101.9 1,057.8 150.6 1,407.0 1,021.0 386.0 1,098.9 1,054.7 151.0 1,403.9 1,019.3 384.6 1,117.1 1,073.1 16 40.0 40.6 41.1 41.4 41.8 42.3 42.7 43.1 43.5 44.1 44.2 44.1 17 18 19 20 21 22 23 24 693.3 1,197.0 7,009.7 6,809.4 6,538.0 192.0 79.5 200.3 695.5 1,206.9 7,060.4 6,892.5 6,618.5 194.1 79.9 167.9 697.9 1,217.3 7,107.5 6,962.0 6,685.3 196.3 80.4 145.5 696.7 1,226.9 7,110.8 6,943.0 6,664.2 198.3 80.5 167.8 694.0 1,228.8 7,138.7 6,969.8 6,688.0 200.9 81.0 168.9 698.3 1,237.6 7,174.2 6,997.1 6,712.1 203.7 81.4 177.0 706.8 1,245.6 7,242.4 7,035.6 6,745.8 208.2 81.6 206.9 706.5 1,246.5 7,265.0 7,059.3 6,766.7 210.6 82.0 205.7 709.8 1,251.8 7,291.8 7,134.0 6,839.3 212.3 82.4 157.8 710.3 1,251.5 7,309.2 7,142.2 6,846.2 213.3 82.7 167.0 711.2 1,255.9 7,306.6 7,156.8 6,860.2 213.6 83.1 149.8 712.1 1,262.3 7,312.1 7,205.1 6,908.5 213.2 83.5 106.9 25 2.9 2.4 2.0 2.4 2.4 2.5 2.9 2.8 2.2 2.3 2.1 1.5 26 7,083.5 7,113.4 7,132.5 7,136.8 7,160.7 7,175.2 7,231.0 7,259.7 7,257.4 7,271.4 7,256.7 7,250.9 27 28 29 24,938 25,201 281,083 25,099 25,288 281,299 25,245 25,334 281,541 25,236 25,328 281,773 25,311 25,389 282,035 25,413 25,417 282,303 25,630 25,589 282,579 25,683 25,664 282,873 25,751 25,630 283,166 25,787 25,654 283,444 25,754 25,579 283,704 25,751 25,536 283,950 80 Personal Incom e and O utlays February 2004 Table 2.6. Personal Income and Its Disposition, Monthly—Continued [Billions of dollars; months seasonally adjusted at annual rates] 2001 Line Jan. Personal income................................................ Compensation of employees, received........... Wage and salary disbursements................ Private industries..................................... Government............................................. Supplements to wages and salaries........... Proprietors’ income with inventory valuation and capital consumption adjustments........ Farm............................................................ Nonfarm....................................................... Rental income of persons with capital consumption adjustment............................. Personal income receipts on assets............... Personal interest income............................. Personal dividend income........................... Personal current transfer receipts.................... Government social benefits to persons...... Other current transfer receipts, from business (net).......................................... Less: Contributions for government social insurance..................................................... Less: Personal current taxes............................ Equals: Disposable personal income............. Less: Personal outlays...................................... Personal consumption expenditures............... Personal interest payments1........................... Personal current transfer payments................ Equals: Personal saving................................... Personal saving as a percentage of disposable personal income................... Addenda: Disposable personal income: Total, billions of chained (2000) dollars2..... Per capita: Current dollars......................................... Chained (2000) dollars............................ Population (midperiod, thousands)3............... Mar. Feb. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 1 2 3 4 5 6 8,647.4 5,921.7 4,941.1 4,147.1 794.0 980.6 8,666.1 5,941.8 4,957.6 4,157.9 799.8 984.1 8,676.9 5,943.4 4,957.1 4,154.5 802.6 986.3 8,684.5 5,938.3 4,949.5 4,143.1 806.3 988.9 8,685.5 5,932.4 4,941.9 4,132.9 809.0 990.5 8,700.7 5,937.1 4,943.6 4,131.6 812.0 993.6 8,729.4 5,947.8 4,948.4 4,131.3 817.1 999.4 8,727.5 5,941.8 4,939.7 4,120.1 819.6 1,002.1 8,725.2 5,932.9 4,928.1 4,100.7 827.4 1,004.8 8,756.0 5,942.6 4,932.5 4,101.2 831.3 1,010.2 8,769.7 5,949.7 4,936.3 4,102.3 834.0 1,013.4 8,787.8 5,955.6 4,938.8 4,102.7 836.1 1,016.9 7 8 9 760.2 24.1 736.0 759.3 25.0 734.3 764.5 25.5 739.0 762.2 25.0 737.2 766.9 24.9 742.0 770.0 24.6 745.4 771.2 23.2 748.0 779.1 23.3 755.8 757.2 23.9 733.3 785.9 28.3 757.6 784.8 27.5 757.4 786.3 24.6 761.7 10 11 12 13 14 15 152.4 1,397.4 1,015.8 381.6 1,140.0 1,096.8 153.0 1,391.6 1,013.6 378.0 1,147.4 1,104.1 153.6 1,386.5 1,011.7 374.8 1,156.6 1,113.1 152.9 1,382.5 1,010.6 371.9 1,176.1 1,129.7 154.5 1,377.9 1,008.6 369.3 1,181.1 1,136.8 159.4 1,373.8 1,006.3 367.5 1,188.4 1,140.3 167.9 1,370.0 1,003.5 366.5 1,202.4 1,142.7 171.6 1,367.2 1,000.8 366.5 1,196.9 1,137.0 173.8 1,365.1 997.9 367.2 1,224.8 1,148.3 171.8 1,363.5 995.2 368.3 1,222.1 1,177.2 172.6 1,362.1 991.8 370.3 1,231.6 1,186.7 173.5 1,361.2 988.0 373.2 1,243.3 1,198.5 16 43.2 43.3 43.5 46.4 44.2 48.1 59.7 59.8 76.4 45.0 44.9 44.7 17 18 19 20 21 22 23 24 724.2 1,294.4 7,353.0 7,218.1 6,932.7 210.3 75.1 134.9 727.0 1,303.8 7,362.3 7,218.7 6,933.5 209.7 75.4 143.6 727.6 1,308.1 7,368.8 7,222.3 6,936.7 209.8 75.8 146.5 727.4 1,312.8 7,371.7 7,265.9 6,981.6 211.7 72.6 105.9 727.3 1,309.6 7,376.0 7,319.6 7,034.7 212.0 73.0 56.4 728.1 1,303.7 7,397.0 7,321.3 7,036.0 212.0 73.3 75.7 729.8 1,189.9 7,539.5 7,398.1 7,059.5 212.2 126.3 141.4 729.3 1,051.8 7,675.7 7,437.8 7,099.9 211.2 126.7 237.9 728.4 1,121.1 7,604.1 7,351.3 7,014.8 209.5 127.0 252.8 730.0 1,249.9 7,506.1 7,464.3 7,182.7 206.1 75.4 41.9 731.1 1,241.5 7,528.2 7,442.3 7,162.9 203.7 75.8 85.8 732.1 1,237.7 7,550.1 7,446.5 7,169.3 201.2 76.1 103.6 25 1.8 1.9 2.0 1.4 0.8 1.0 1.9 3.1 3.3 0.6 1.1 1.4 26 7,256.4 7,252.6 7,254.5 7,242.4 7,219.4 7,224.9 7,370.0 7,503.6 7,448.3 7,330.9 7,356.5 7,382.4 27 28 29 25,874 25,535 284,179 25,887 25,502 284,397 25,889 25,487 284,631 25,877 25,422 284,880 25,868 25,319 285,137 25,917 25,314 285,408 26,391 25,798 285,685 26,841 26,239 285,970 26,564 26,020 286,256 26,197 25,585 286,529 26,250 25,652 286,784 26,304 25,720 287,030 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 2002 Line Personal income................................................ Compensation of employees, received........... Wage and salary disbursements................ Private industries..................................... Government............................................. Supplements to wages and salaries........... Proprietors’ income with inventory valuation and capital consumption adjustments........ Farm............................................................ Nonfarm....................................................... Rental income of persons with capital consumption adjustment............................. Personal income receipts on assets............... Personal interest income............................. Personal dividend income........................... Personal current transfer receipts.................... Government social benefits to persons...... Other current transfer receipts, from business (net).......................................... Less: Contributions for government social insurance..................................................... Less: Personal current taxes............................ Equals: Disposable personal income............. Less: Personal outlays...................................... Personal consumption expenditures............... Personal interest payments1........................... Personal current transfer payments................ Equals: Personal saving................................... Personal saving as a percentage of disposable personal income.................... Addenda: Disposable personal income: Total, billions of chained (2000) dollars2..... Per capita: Current dollars......................................... Chained (2000) dollars............................ Population (midperiod, thousands)3............... See footnotes at the end of the table. 1 2 3 4 5 6 8,781.2 5,959.7 4,936.6 4,093.9 842.6 1,023.1 8,804.2 5,971.3 4,944.2 4,097.1 847.1 1,027.1 8,825.3 5,986.3 4,954.6 4,104.5 850.0 1,031.7 8,882.2 5,997.5 4,959.8 4,107.0 852.8 1,037.7 8,910.6 6,011.8 4,970.1 4,113.5 856.6 1,041.7 8,943.9 6,035.1 4,989.3 4,130.7 858.6 1,045.8 8,934.4 6,015.0 4,968.1 4,108.6 859.5 1,046.9 8,939.8 6,030.4 4,980.5 4,117.5 863.0 1,050.0 8,957.7 6,048.0 4,994.2 4,126.9 867.3 1,053.8 8,967.4 6,048.5 4.992.8 4.121.8 871.0 1,055.7 8,982.3 6,058.0 4,999.5 4,126.0 873.5 1,058.6 8,994.1 6,067.4 5,005.1 4,128.4 876.8 1,062.2 7 8 9 775.3 14.3 760.9 780.4 11.5 768.9 782.2 10.5 771.7 789.9 14.9 775.0 796.2 15.4 780.8 802.4 15.4 787.0 810.7 13.4 797.3 801.0 13.4 787.6 798.0 13.8 784.2 809.2 15.7 793.5 815.4 16.4 799.0 812.0 16.8 795.3 10 11 12 13 14 15 173.9 1,357.5 980.7 376.8 1,256.8 1,212.2 175.7 1,358.7 978.4 380.3 1,261.8 1,217.5 178.0 1,361.6 978.1 383.5 1,262.9 1,218.9 184.6 1,370.4 982.9 387.5 1,287.1 1,243.6 185.2 1,375.5 984.1 391.4 1,291.0 1,247.8 183.5 1,380.2 985.0 395.2 1,295.1 1,252.2 176.9 1,384.5 985.6 398.9 1,297.1 1,254.6 172.8 1,387.8 985.4 402.3 1,299.9 1,257.7 168.4 1,390.1 984.7 405.4 1,307.7 1,265.9 163.9 1,391.6 983.3 408.3 1,308.6 1,267.3 159.1 1,392.3 981.4 411.0 1,313.1 1,272.1 154.0 1,392.1 978.9 413.2 1,325.1 1,284.6 16 44.6 44.3 43.9 43.5 43.2 42.9 42.5 42.1 41.8 41.3 41.0 40.6 17 18 19 20 21 22 23 24 742.0 1,078.5 7,702.7 7,487.0 7,204.7 197.1 85.2 215.8 743.6 1,069.8 7,734.4 7,550.5 7,269.2 195.7 85.5 183.9 745.6 1,061.5 7,763.8 7,576.8 7,295.5 195.5 85.9 187.0 747.3 1,046.0 7,836.2 7,644.0 7,353.1 198.8 92.2 192.2 749.1 1,041.8 7,868.8 7,627.6 7,336.0 199.1 92.5 241.2 752.5 1,043.3 7,900.6 7,668.9 7,377.2 198.8 92.8 231.7 749.9 1,051.1 7,883.3 7,726.0 7,430.8 197.9 97.3 157.3 752.0 1,053.6 7,886.2 7,731.7 7,437.7 196.4 97.6 154.5 754.5 1,054.4 7,903.4 7,708.2 7,416.0 194.2 98.0 195.2 754.4 1,050.9 7,916.5 7,735.8 7,444.5 191.4 99.9 180.7 755.7 1,046.4 7,935.9 7,783.3 7,495.0 187.9 100.3 152.6 756.5 1,039.6 7,954.5 7,848.6 7,564.1 183.9 100.7 105.9 25 2.8 2.4 2.4 2.5 3.1 2.9 2.0 2.0 2.5 2.3 1.9 1.3 26 7,531.1 7,546.7 7,556.5 7,597.0 7,623.8 7,643.9 7,613.2 7,601.2 7,601.2 7,612.4 7,618.9 7,616.4 27 28 29 26,815 26,218 287,249 26,906 26,253 287,459 26,986 26,265 287,698 27,214 26,383 287,945 27,304 26,454 288,197 27,388 26,499 288,465 27,303 26,367 288,738 27,286 26,300 289,019 27,319 26,275 289,300 27,339 26,289 289,568 27,382 26,288 289,823 27,423 26,258 290,063 February 2004 S urvey of 81 C u rren t B u sin ess Table 2.6. Personal Income and Its Disposition, Monthly—Continued [Billions of dollars; months seasonally adjusted at annual rates] 2003 Line Jan. Personal income................................................ Compensation of employees, received........... Wage and salary disbursements................ Private industries..................................... Government............................................. Supplements to wages and salaries........... Proprietors' income with inventory valuation and capital consumption adjustments........ Farm............................................................ Nonfarm....................................................... Rental income of persons with capital consumption adjustment............................ Personal income receipts on assets............... Personal interest income............................. Personal dividend income.......................... Personal current transfer receipts................... Government social benefits to persons...... Other current transfer receipts, from business (net).......................................... Less: Contributions for government social insurance..................................................... Less: Personal current taxes............................ Equals: Disposable personal income............. Less: Personal outlays...................................... Personal consumption expenditures............... Personal interest payments1........................... Personal current transfer payments................ Equals: Personal saving................................... Personal saving as a percentage of disposable personal Income................... Addenda: Disposable personal income: Total, billions of chained (2000) dollars2..... Per capita: Current dollars......................................... Chained (2000) dollars........................... Population (midperiod, thousands)3............... Feb. 1 2 3 4 5 6 9,012.5 6,088.2 5,015.3 4,130.8 884.5 1,072.9 7 8 9 10 11 12 13 14 15 Mar. Apr. May Jun. Jul. 9,046.9 6,118.9 5,037.0 4,145.7 891.2 1,081.9 9,086.6 6,136.2 5,047.5 4,153.3 894.2 1,088.8 9,100.8 6,142.1 5,051.6 4,155.4 896.2 1,090.4 9,151.0 6,171.4 5,077.4 4,178.7 898.7 1,094.0 9,186.0 6,184.9 5,087.6 4,183.9 903.7 1,097.3 813.0 11.7 801.3 809.5 13.1 796.5 818.0 14.2 803.9 822.6 16.2 806.4 839.5 20.0 819.5 158.3 1,390.2 974.6 415.6 1,329.4 1,285.1 163.3 1,388.5 970.5 418.0 1,335.9 1,290.7 168.1 1,387.1 966.7 420.4 1,347.5 1,301.3 160.8 1,388.4 965.5 422.9 1,357.4 1,311.9 153.3 1,390.2 964.9 425.3 1,368.6 1,324.1 Aug. Oct. Sep. 9,219.6 6,200.2 5,096.0 4,196.3 899.6 1,104.2 9,239.6 6,214.9 5,105.4 4,204.9 900.6 1,109.5 9,268.4 6,225.8 5,110.8 4,211.1 899.8 1,115.0 854.3 23.8 830.5 859.8 22.5 837.2 858.1 21.4 836.7 864.8 20.5 844.3 146.2 1,391.9 964.3 427.6 1,383.1 1,339.7 151.4 1,390.5 960.7 429.8 1,393.5 1,348.4 157.0 1,389.2 957.1 432.2 1,397.4 1,351.3 162.6 1,388.0 953.4 434.6 1,405.2 1,358.1 Nov. Dec. 9,317.0 6,259.5 5,139.2 4,238.2 900.9 1,120.4 9,335.8 6,246.4 5,125.7 4,222.6 903.1 1,120.7 865.0 20.5 844.5 872.5 22.0 850.5 880.6 25.0 855.6 172.4 1,388.4 951.5 436.9 1,400.3 1,352.5 181.9 1,389.1 949.7 439.4 1,395.6 1,347.9 191.7 1,389.9 947.8 442.1 1,406.6 1,359.0 9,285.1 r 6,238.4 5,120.9 4,220.6 900.3 1,117.5 16 44.3 45.3 46.2 45.5 44.5 43.4 45.1 46.1 47.1 47.8 47.7 47.6 17 18 19 20 21 22 23 24 766.6 1,014.8 7,997.7 7,864.3 7,578.3 185.0 100.9 133.4 769.2 1,009.6 8,037.3 7,876.6 7,589.0 186.2 101.3 160.7 770.4 1,003.9 8,082.7 7,923.9 7,634.7 187.5 101.7 158.8 770.4 1,000.0 8,100.8 7,907.7 7,622.9 185.2 99.6 193.1 772.1 1,000.0 8,151.0 7,956.8 7,673.7 183.2 100.0 194.2 774.4 1,000.5 8,185.6 8,005.8 7,724.2 181.2 100.4 179.8 775.8 924.6 8,294.9 8,072.4 7,792.4 182.9 97.1 222.5 777.0 882.2 8,357.4 8,142.2 7,860.1 184.6 97.6 215.2 778.1 1,001.0 8,267.4 8,140.8 7,856.6 186.3 98.0 126.6 779.4 1,001.4 8,283.7 8,141.6 7,858.7 185.7 97.2 142.1 781.7 1,005.5 8,311.4 8,183.4 7,900.7 185.1 97.6 128.0 779.5 1,005.9 8,329.9 8,218.6 7,936.0 184.5 98.1 111.3 25 1.7 2.0 2.0 2.4 2.4 2.2 2.7 2.6 1.5 1.7 1.5 1.3 26 7,647.7 7,656.9 7,681.4 7,716.4 7,763.3 7,780.6 7,874.4 7,920.7 7,821.7 7,838.5 7,873.5 7,874.4 27 28 29 27,552 26,346 290,275 27,669 26,359 290,481 27,802 26,422 290,719 27,841 26,520 290,964 27,990 26,658 291,215 28,082 26,693 291,483 28,431 26,989 291,759 28,617 27,122 292,043 28,281 26,757 292,327 28,311 26,789 292,598 28,381 26,885 292,856 28,420 26,866 293,098 1. Consists of nonmortgage interest paid by households. 2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of the estimates for the first of the month and the first of the following month; the annual estimate is the average of the monthly estimates. Personal Incom e and O utlays 82 February 2004 Table 2.7B. Wage and Salary Disbursements by Industry, Monthly [Billions of dollars; months seasonally adjusted at annual rates] 2001 Line Jan. 1 2 3 4 5 6 7 8 Wage and salary disbursements............. Private industries.............................................. Goods-producing industries............................ Manufacturing.............................................. Services-producing industries........................ Trade, transportation, and utilities.............. Other services-producing industries1......... Government....................................................... 4,941.1 4,147.1 1,074.7 748.9 3,072.4 848.7 2,223.7 794.0 Feb. 4,957.6 4,157.9 1,076.6 747.9 3,081.3 847.3 2,234.0 799.8 Mar. 4,957.1 4,154.5 1,079.1 747.2 3,075.4 847.0 2,228.4 802.6 Apr. 4,949.5 4,143.1 1,063.5 730.4 3,079.7 843.3 2,236.3 806.3 May 4,941.9 4,132.9 1,054.3 717.3 3,078.6 842.2 2,236.5 809.0 Jun. Jul. 4,943.6 4,131.6 1,046.3 707.2 3,085.2 845.9 2,239.3 812.0 4,948.4 4,131.3 1,041.6 702.7 3,089.8 843.5 2,246.3 817.1 Aug. 4,939.7 4,120.1 1,029.8 690.4 3,090.4 843.5 2,246.9 819.6 Sep. 4,928.1 4,100.7 1,023.7 684.8 3,077.0 842.9 2,234.1 827.4 Oct. 4,932.5 4,101.2 1,017.1 679.4 3,084.0 845.2 2,238.8 831.3 Nov. 4,936.3 4,102.3 1,015.1 677.2 3,087.1 846.4 2,240.7 834.0 Dec. 4,938.8 4,102.7 1,013.6 675.5 3,089.1 842.7 2,246.4 836.1 2002 Line Jan. 1 2 3 4 5 6 7 8 Wage and salary disbursements............. Private industries.............................................. Goods-producing industries Manufacturing.......... Services-producing industries......................... Trade, transportation, and utilities.............. Other services-producing industries1......... Government....................................................... 4,936.6 4,093.9 1,009.7 672.4 3,084.2 838.5 2,245.7 842.6 Feb. 4,944.2 4,097.1 1,010.2 672.7 3,087.0 837.1 2,249.9 847.1 Mar. 4,954.6 4,104.5 1,013.3 676.7 3,091.2 841.2 2,250.1 850.0 Apr. 4,959.8 4,107.0 1,011.8 676.5 3,095.2 840.9 2,254.3 852.8 May 4,970.1 4,113.5 1,014.9 680.3 3,098.7 844.5 2,254.2 856.6 Jun. Jul. 4,989.3 4,130.7 1,018.2 683.6 3,112.5 848.8 2,263.7 858.6 4,968.1 4,108.6 1,010.4 676.7 3,098.3 845.4 2,252.9 859.5 Aug. 4,980.5 4,117.5 1,010.9 676.4 3,106.7 847.4 2,259.2 863.0 Sep. 4,994.2 4,126.9 1,010.8 675.8 3,116.0 850.0 2,266.0 867.3 Oct. 4,992.8 4,121.8 1,006.2 672.3 3,115.6 847.9 2,267.7 871.0 Nov. 4,999.5 4,126.0 1,006.8 672.7 3,119.1 847.9 2,271.3 873.5 Dec. 5,005.1 4,128.4 1,008.2 672.8 3,120.2 846.9 2,273.3 876.8 2003 Line Jan. Wage and salary disbursements............. Private industries.............................................. Goods-producing industries............................ Manufacturing.............................................. Services-producing industries........................ Trade, transportation, and utilities.............. Other services-producing industries1......... Government....................................................... 1 2 3 4 5 6 7 8 5,015.3 4,130.8 1,006.0 670.9 3,124.8 850.9 2,273.9 884.5 Feb. 5,037.0 4,145.7 1,005.8 671.1 3,139.9 855.3 2,284.6 891.2 Mar. 5,047.5 4,153.3 1,005.4 669.5 3,147.8 858.7 2,289.2 894.2 Apr. 5,051.6 4,155.4 1,000.0 664.2 3,155.4 857.3 2,298.1 896.2 May 5,077.4 4,178.7 1,003.4 666.6 3,175.3 860.2 2,315.1 898.7 Jun. 5,087.6 4,183.9 1,006.8 668.7 3,177.1 860.9 2,316.2 903.7 Jul. 5,096.0 4,196.3 1,002.3 664.9 3,194.0 864.0 2,330.1 899.6 Aug. 5,105.4 4,204.9 1,006.0 666.7 3,198.9 866.9 2,332.0 900.6 Sep. 5,110.8 4,211.1 1,009.8 669.0 3,201.2 867.4 2,333.9 899.8 Oct. 5,120.9 4,220.6 1,011.2 669.2 3,209.4 871.7 2,337.7 900.3 Nov. 5,139.2 4,238.2 1,016.1 672.2 3,222.2 874.4 2,347.8 900.9 Dec. 5,125.7 4,222.6 1,015.6 671.0 3,206.9 868.7 2,338.3 903.1 1. Other services-producing industries consists of information; finance and insurance; real estate and rental and leasing; professional, scientific, and technical services; management of companies and enterprises; administrative and support and waste management and remediation services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services. N ote. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS). February 2004 S urvey of 83 C u rren t B u sin e ss Table 2.8.1. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product, Monthly [Percent change at monthly rates] 1999 Line Jan. 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... Feb. Mar. -0.1 -4.0 0.2 0.6 Apr. May 0.6 0.8 0.4 0.6 0.6 2.2 0.8 0.1 Jun. 0.5 1.5 0.2 0.5 0.6 2.0 0.7 0.2 Jul. 0.3 1.6 -0.5 0.3 Aug. Sep. Oct. 0.5 0.7 0.8 0.3 0.3 -0.2 -0.2 0.6 0.2 0.4 0.3 0.2 Nov. Dec. 0.2 -1.0 0.6 0.2 1.3 2.7 2.3 0.4 0.5 0.4 0.6 0.4 2000 Line Jan. 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... Feb. Mar. -0.2 2.2 -2.5 0.4 0.9 2.7 0.5 0.8 Apr. 0.6 -1.2 1.7 0.5 May Jun. -0.3 -2.6 0.1 0.0 0.3 0.4 0.1 0.4 Jul. 0.1 -0.8 -0.3 0.4 Aug. Sep. Oct. 0.4 1.3 0.1 0.3 0.3 0.1 0.5 0.3 0.7 2.7 0.5 0.3 Nov. 0.1 -1.5 0.3 0.3 Dec. 0.5 0.1 0.8 0.5 0.0 -0.8 -0.1 0.3 2001 Line Jan. Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 Feb. -0.1 -0.2 0.2 -0.3 Mar. -0.2 1.2 -0.6 -0.2 Apr. May 0.4 0.7 0.1 0.5 0.0 0.1 -0.4 0.1 Jun. 0.4 1.2 0.6 0.1 Jul. -0.2 1.2 -1.1 0.0 Aug. Oct. Sep. 0.6 1.4 0.6 0.4 0.4 -0.7 1.3 0.3 -1.0 -3.5 -1.1 -0.4 Nov. 2.1 11.4 1.2 0.6 Dec. -0.2 -3.1 0.1 0.3 0.1 -2.3 1.3 0.1 2002 Line Jan. 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... Mar. Feb. 0.5 0.7 0.5 0.4 0.7 3.4 0.3 0.3 Apr. Jun. May 0.4 0.7 0.3 0.4 0.1 0.2 -0.3 0.3 -0.3 -3.2 -0.5 0.4 Jul. 0.4 1.1 0.7 0.2 Aug. 0.5 2.3 0.0 0.4 Sep. -0.1 0.6 -0.2 -0.2 Oct. -0.5 -3.3 -0.2 -0.1 Nov. 0.4 -0.4 0.8 0.3 Dec. 0.7 4.6 0.2 0.1 0.5 1.5 0.7 0.2 2003 Line Jan. Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 Feb. 0.1 -3.3 1.2 0.2 Mar. -0.2 -0.9 -0.5 0.0 Apr. 0.4 1.9 0.4 0.1 Jun. May 0.1 1.7 -0.5 0.0 0.7 1.6 0.8 0.4 Jul. 0.5 1.2 0.7 0.2 Aug. 0.8 3.1 0.8 0.3 Sep. 0.7 3.4 0.7 0.1 -0.2 -1.3 -0.6 0.2 Oct. Nov. 0.0 -1.6 0.6 0.1 Dec. 0.6 1.3 1.0 0.3 0.2 2.1 -0.2 0.1 Personal Incom e and Outlays 84 February 2004 Table 2.8.3. Real Personal Consumption Expenditures by Major Type of Product, Monthly, Quantity Indexes [Index numbers, 2000=100; seasonally adjusted] 1999 Line Jan. 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 93.129 87.370 94.323 93.858 Feb. 93.645 89.302 95.108 93.912 Mar. 94.171 90.002 95.471 94.478 Apr. 94.663 91.393 95.646 94.916 May 95.206 93.181 96.293 95.122 Jun. Jul. 95.453 94.680 95.836 95.427 95.724 94.510 95.641 96.028 Aug. 96.183 95.167 96.372 96.310 Sep. 96.402 95.521 96.655 96.468 Oct. 96.575 94.598 97.219 96.698 Nov. 97.040 94.985 97.827 97.112 Dec. 98.257 97.592 100.103 97.498 2000 Line Jan. Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 Feb. Mar. 98.943 102.383 98.053 98.619 99.546 101.192 99.715 99.099 Jan. Feb. Mar. Apr. May 101.518 99.821 101.940 101.667 101.349 101.048 101.320 101.419 101.332 101.137 100.940 101.555 101.776 101.846 101.077 102.093 102.165 103.026 101.697 102.201 98.033 99.718 97.605 97.871 Apr. 99.245 98.601 99.857 99.087 May 99.543 98.985 99.970 99.457 Jul. Aug. Sep. Oct. Nov. Dec. 99.937 98.339 100.136 100.192 100.332 99.593 100.269 100.528 101.004 102.235 100.790 100.844 101.060 100.750 101.119 101.101 101.097 99.921 101.023 101.390 101.652 100.042 101.785 101.933 Jun. Jul. Aug. Sep. Oct. Nov. Dec. 101.972 104.244 100.597 102.158 102.395 103.483 101.860 102.417 102.988 104.909 102.423 102.850 101.955 101.265 101.287 102.406 104.090 112.832 102.508 103.041 103.861 109.312 102.637 103.312 104.016 106.801 103.941 103.466 Jun. 99.608 98.241 99.678 99.878 2001 Line 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services................................................................ 2002 Line 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 104.522 107.548 104.453 103.921 105.245 111.251 104.756 104.243 105.360 111.428 104.458 104.544 105.775 112.189 104.740 104.956 105.464 108.603 104.247 105.389 105.908 109.814 104.968 105.549 106.481 112.389 104.932 106.019 106.373 113.031 104.702 105.822 105.833 109.252 104.475 105.765 106.219 108.852 105.295 106.095 106.771 110.514 106.076 106.321 107.466 115.549 106.284 106.411 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 107.528 111.730 107.608 106.619 107.277 110.749 107.038 106.660 107.661 112.859 107.429 106.714 107.742 114.729 106.887 106.752 108.448 116.572 107.721 107.185 108.943 117.958 108.446 107.407 109.762 121.630 109.304 107.679 110.535 125.753 110.094 107.827 110.293 124.120 109.425 108.042 110.341 122.153 110.111 108.155 111.054 123.793 111.265 108.490 111.317 126.353 111.041 108.567 2003 Line Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services................................................................ 1 2 3 4 February 2004 S urvey of 85 C urrent B u sin ess Table 2.8.4. Price Indexes for Personal Consumption Expenditures by Major Type of Product, Monthly [Index numbers, 2000=100; seasonally adjusted] 1999 Line 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 96.679 102.698 94.727 96.356 96.660 102.291 94.514 96.513 96.723 101.888 94.457 96.735 97.231 102.059 95.758 96.917 97.342 101.846 95.803 97.129 97.385 101.594 95.841 97.237 97.624 101.561 96.295 97.428 97.795 101.440 96.640 97.576 98.146 101.365 97.319 97.855 98.292 101.139 97.452 98.088 98.379 100.985 97.373 98.310 98.642 100.645 97.900 98.568 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 98.968 100.588 98.041 99.069 99.264 100.328 98.680 99.321 99.657 100.497 99.726 99.440 99.643 100.334 99.438 99.593 99.698 100.479 99.424 99.663 99.991 100.197 100.289 99.797 100.163 99.955 100.575 100.004 100.077 99.546 100.112 100.175 100.477 99.645 100.999 100.402 100.524 99.421 100.827 100.615 100.690 99.498 100.957 100.821 100.847 99.512 100.932 101.100 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 101.333 99.471 101.168 101.829 101.514 99.171 101.404 102.088 101.577 98.848 101.089 102.424 101.788 98.666 101.568 102.589 102.172 98.284 102.359 102.941 102.384 98.186 102.529 103.245 102.302 98.228 101.863 103.422 102.295 97.678 101.454 103.734 102.095 97.128 102.483 103.007 102.393 97.082 101.541 103.995 102.336 97.126 100.792 104.257 102.274 97.165 100.111 104.479 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 102.283 96.790 100.386 104.442 102.491 96.110 100.680 104.811 102.748 95.905 101.275 105.008 103.154 95.725 102.349 105.219 103.218 95.719 102.002 105.501 103.362 95.279 102.231 105.736 103.552 95.011 102.365 106.058 103.753 94.777 102.545 106.372 103.979 94.777 102.704 106.682 104.000 94.527 102.813 106.721 104.165 94.195 102.811 107.082 104.445 93.687 102.743 107.718 2000 Line 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 2001 Line 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 2002 Line 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 2003 Line Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. 104.581 93.301 103.113 107.860 104.972 93.043 104.304 108.000 105.228 92.878 104.820 108.224 104.987 92.577 103.859 108.357 104.998 92.061 103.185 108.834 105.209 91.803 103.544 109.083 105.345 91.508 103.823 109.256 105.518 91.232 104.475 109.299 105.703 90.881 105.167 109.364 105.684 90.627 104.765 109.597 105.567 90.300 104.395 109.660 105.788 90.064 104.649 109.981 86 Personal Incom e and O utlays February 2004 Table 2.8.5. Personal Consumption Expenditures by Major Type of Product, Monthly [Billions of dollars; seasonally adjusted at annual rates] 1999 Line Jan. 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 6,067.4 774.9 1,739.7 3,552.9 Feb. 6,099.7 788.8 1,750.2 3,560.7 Mar. 6,138.0 791.9 1,755.8 3,590.4 Apr. 6,202.5 805.4 1,783.2 3,613.8 May 6,245.1 819.5 1,796.1 3,629.6 Jun. Jul. 6,264.1 830.6 1,788.3 3,645.3 6,297.3 828.8 1,793.1 3,675.5 Aug. 6,338.6 833.5 1,813.2 3,691.8 Sep. 6,375.7 836.0 1,831.3 3,708.5 Oct. 6,396.7 826.1 1,844.5 3,726.1 Nov. 6,433.2 828.2 1,854.5 3,750.5 Dec. 6,531.3 848.0 1,907.9 3,775.4 2000 Line Jan. Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 6,538.0 866.0 1,863.0 3,809.1 Feb. 6,618.5 886.8 1,883.7 3,847.9 Mar. 6,685.3 877.9 1,936.0 3,871.3 Apr. 6,664.2 854.1 1,933.3 3,876.8 May 6,688.0 858.6 1,935.2 3,894.1 Jun. Jul. 6,712.1 849.8 1,946.4 3,915.8 6,745.8 848.6 1,960.9 3,936.3 Aug. 6,766.7 855.9 1,954.5 3,956.3 Sep. 6,839.3 879.5 1,982.1 3,977.7 Oct. 6,846.2 864.8 1,985.2 3,996.3 Nov. 6,860.2 858.4 1,985.9 4,015.9 Dec. 6,908.5 859.6 2,000.4 4,048.6 2001 Line Jan. 1 2 3 4 Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 6,932.7 857.4 2,008.2 4,067.2 Feb. 6,933.5 865.3 2,000.6 4,067.6 Mar. 6,936.7 863.3 1,987.0 4,086.5 Apr. 6,981.6 867.8 1,999.1 4,114.7 May 7,034.7 874.4 2,027.0 4,133.2 Jun. Jul. 7,036.0 883.9 2,008.5 4,143.7 7,059.5 877.7 2,020.5 4,161.3 Aug. 7,099.9 884.9 2,023.5 4,191.5 Sep. 7,014.8 849.3 2,021.4 4,144.2 Oct. 7,182.7 945.9 2,027.0 4,209.8 Nov. 7,162.9 916.8 2,014.5 4,231.6 Dec. 7,169.3 896.1 2,026.3 4,246.9 2002 Line Jan. Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 7,204.7 898.9 2,041.8 4,264.0 Feb. 7,269.2 923.3 2,053.7 4,292.3 Mar. 7,295.5 922.7 2,059.9 4,312.8 Apr. 7,353.1 927.2 2,087.4 4,338.5 May 7,336.0 897.5 2,070.5 4,368.0 Jun. Jul. 7,377.2 903.3 2,089.5 4,384.4 7,430.8 921.9 2,091.5 4,417.4 Aug. 7,437.7 924.9 2,090.6 4,422.2 Sep. 7,416.0 894.0 2,089.3 4,432.7 Oct. 7,444.5 888.4 2,107.9 4,448.2 Nov. 7,495.0 898.8 2,123.5 4,472.7 Dec. 7,564.1 934.7 2,126.3 4,503.1 2003 Line Jan. Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 7,578.3 900.0 2,160.5 4,517.8 Feb. 7,589.0 889.6 2,173.9 4,525.5 Mar. 7,634.7 905.0 2,192.6 4,537.1 Apr. 7,622.9 917.0 2,161.6 4,544.3 May 7.673.7 926.5 2,164.3 4.582.8 Jun. 7,724.2 934.9 2,186.4 4,602.8 Jul. 7,792.4 960.9 2.209.7 4.621.8 Aug. 7,860.1 990.5 2,239.6 4,630.0 Sep. 7.856.6 973.9 2.240.7 4,642.0 Oct. 7.858.7 955.8 2,246.2 4.656.7 Nov. 7.900.7 965.1 2.261.7 4.673.8 Dec. 7,936.0 982.5 2.262.7 4.690.8 February 2004 S urvey of 87 C u rren t B u sin ess Table 2.8.6. Real Personal Consumption Expenditures by Major Type of Product, Monthly, Chained Dollars [Billions of chained (2000) dollars; seasonally adjusted at annual rates] 1999 Line Jan. Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services................................................................ 1 2 3 4 6,276.3 754.3 1,836.7 3,687.5 Feb. 6,311.1 771.0 1,852.0 3,689.6 Mar. 6,346.5 777.0 1,859.0 3,711.9 Apr. 6,379.7 789.0 1,862.4 3,729.1 May 6,416.3 804.5 1,875.0 3,737.2 Jun. Jul. 6,432.9 817.4 1,866.1 3,749.2 6,451.2 815.9 1,862.3 3,772.8 Aug. 6,482.1 821.6 1,876.6 3,783.9 Sep. 6,496.9 824.7 1,882.1 3,790.1 Oct. 6,508.6 816.7 1,893.1 3,799.1 Nov. 6,539.9 820.0 1,904.9 3,815.4 Dec. 6,621.9 842.5 1,949.2 3,830.5 2000 Line Jan. Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 6,606.8 860.9 1,900.6 3,845.2 Feb. 6,668.1 883.9 1,909.3 3,874.6 Mar. 6,708.8 873.6 1,941.7 3,893.4 Apr. 6,688.5 851.2 1,944.4 3,893.0 May 6,708.6 854.6 1,946.6 3,907.5 Jun. Jul. 6,713.0 848.1 1,940.9 3,924.0 6,735.1 849.0 1,949.9 3,936.4 Aug. 6,761.8 859.8 1,952.5 3,949.6 Sep. 6,807.0 882.6 1,962.6 3,962.0 Oct. 6,810.8 869.8 1,969.0 3,972.1 Nov. 6,813.3 862.6 1,967.1 3,983.4 Dec. 6,850.7 863.7 1,982.0 4,004.8 2001 Line Jan. Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 6,841.7 861.8 1,985.0 3,994.3 Feb. 6,830.3 872.4 1,972.9 3,984.6 Mar. 6,829.1 873.1 1,965.5 3,989.9 Apr. 6,859.1 879.3 1,968.2 4,011.1 May 6,885.3 889.5 1,980.3 4,015.3 Jun. Jul. 6,872.3 900.0 1,958.8 4,013.6 6,900.8 893.4 1,983.4 4,023.8 Aug. 6,940.8 905.7 1,994.4 4,040.8 Sep. 6,871.1 874.2 1,972.3 4,023.4 Oct. 7,015.0 974.1 1,996.1 4,048.3 Nov. 6,999.6 943.7 1,998.6 4,059.0 Dec. 7,010.0 922.0 2,024.0 4,065.0 2002 Line Jan. Personal consumption expenditures..... Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 7,044.1 928.5 2,033.9 4,082.9 Feb. 7,092.9 960.5 2,039.8 4,095.5 Mar. 7,100.6 962.0 2,034.0 4,107.4 Apr. 7,128.6 968.6 2,039.5 4,123.5 May 7,107.6 937.6 2,029.9 4,140.6 Jun. Jul. 7,137.5 948.1 2,044.0 4,146.8 7,176.2 970.3 2,043.3 4,165.3 Aug. 7,168.9 975.8 2,038.8 4,157.6 Sep. 7,132.5 943.2 2,034.4 4,155.3 Oct. 7,1585 939.7 2,050.3 4,168.3 Nov. 7,195.7 954.1 2,065.5 4,177.2 Dec. 7,242.5 997.6 2,069.6 4,180.7 2003 Line Jan. Personal consumption expenditures Durable goods..................................................... Nondurable goods............................................... Services............................................................... 1 2 3 4 7,246.7 964.6 2,095.4 4,188.9 Feb. 7,229.8 956.1 2,084.3 4,190.5 Mar. 7,255.7 974.3 2,091.9 4,192.6 Apr. 7.261.1 990.5 2,081.3 4.194.1 May 7,308.7 1,006.4 2,097.6 4,211.1 Jun. 7,342.1 1,018.4 2.111.7 4.219.8 Jul. 7.397.3 1,050.1 2.128.4 4.230.5 Aug. 7,449.4 1.085.7 2.143.8 4,236.3 Sep. 7,433.1 1.071.6 2.130.7 4.244.8 Oct. 7,436.3 1,054.6 2.144.1 4.249.2 Nov. 7.484.3 1,068.7 2,166.6 4.262.4 Dec. 7.502.1 1,090.8 2.162.2 4,265.4 N ote. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Government Current Receipts and Expenditures 88 February 2004 3. G overnm ent Current Receipts and Expenditures Table 3.1. Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 II Current receipts..................... Current tax receipts.......................... Personal current taxes................. Taxes on production and imports.. Taxes from the rest of the world... Contributions for government social insurance...................................... Income receipts on assets................ Interest and miscellaneous receipts..................................... Dividends...................................... Current transfer receipts.................. From business (net)...................... From persons............................... Current surplus of government enterprises................................... Current expenditures............ Consumption expenditures.............. Current transfer payments............... Government social benefits......... To persons................................ To the rest of the world............ Other current transfer payments to the rest of the world (net)........ Interest payments............................. To the rest of the world................ Subsidies.......................................... Less: Wage accruals less disbursements.............................. Social insurance funds.................... Other................................................ Addenda: Total receipts.............................. Total expenditures..................... Current expenditures............... Gross government investment.. Capital transfer payments........ Net purchases of nonproduced assets................................... Less: Consumption of fixed capital................................... Net lending or net borrowing (-) 1 3,125.9 3,124.2 2,980.7 ? 2,206.8 2,172.6 2,006.2 3 1,235.7 1,243.7 1,053.1 4 760.1 708.9 729.8 5 255.0 192.0 185.9 7.2 7.2 6 7.3 III 2002 2001 2000 IV II I III IV I 2003 III II IV I II III IV 3,121.1 3,142.3 3,149.3 3,193.3 3,200.8 2,999.4 3,103.5 2,960.1 2,967.0 2,995.9 2,999.9 2,993.9 2,996.3 2,966.0 2,207.8 2,218.0 2,219.2 2,244.2 2,250.2 2,045.1 2,151.0 1,995.4 1,996.8 2,016.6 2,016.0 1,995.3 1,992.0 1,955.7 936.0 1,004.3 987.5 1,231.1 1,248.0 1,256.6 1,302.1 1,308.7 1,120.9 1,243.0 1,069.9 1,043.7 1,053.0 1,045.6 1,009.4 1,000.2 767.4 774.2 712.2 718.7 725.2 727.2 739.4 757.6 769.5 782.1 791.5 804.4 788.0 706.9 727.5 745.8 236.4 209.7 207.8 172.4 189.2 194.2 204.9 202.9 262.2 250.5 189.5 160.9 187.8 221.6 6.4 6.7 7.2 7.2 7.7 7.3 7.7 7.0 6.8 6.9 6.7 6.9 6.8 7.6 7.5 7.3 7 8 702.7 117.4 728.5 120.0 750.3 116.1 774.5 117.7 696.3 117.4 707.7 117.8 711.2 119.6 726.3 120.6 727.6 120.6 729.2 120.1 731.1 118.6 743.7 116.2 749.6 115.3 752.1 115.9 755.5 117.1 768.7 116.9 772.3 117.5 776.9 118.7 780.2 117.6 9 10 11 12 13 115.6 1.9 93.7 43.7 50.0 118.0 2.0 101.9 47.3 54.6 114.0 2.1 105.3 46.8 58.6 115.5 2.2 109.8 46.7 63.1 115.5 1.9 92.6 43.2 49.4 115.9 1.9 94.6 44.0 50.7 117.6 1.9 97.1 45.2 51.9 118.7 1.9 99.2 46.2 53.0 118.6 2.0 100.8 46.7 54.1 118.1 2.0 104.4 49.3 55.1 116.6 2.0 103.0 46.9 56.1 114.1 2.1 103.6 46.5 57.0 113.2 2.1 104.7 46.6 58.0 113.8 2.1 106.0 46.9 59.1 114.8 2.2 107.2 47.1 60.1 114.6 2.3 106.7 45.4 61.3 115.3 2.2 108.7 46.2 62.5 116.6 2.1 111.0 47.3 63.7 115.7 2.0 112.7 47.8 64.9 14 15 16 17 18 19 20 5.3 2,886.5 1,417.1 1,062.4 1,044.1 1,041.6 2.5 1.2 3,056.4 1,497.7 1,159.2 1,145.3 1,142.6 2.7 2.8 3,224.0 1,595.4 1,271.1 1,252.3 1,249.5 2.7 4.9 3,423.4 1,708.4 1,356.8 1,333.7 1,330.8 2.8 7.1 2,880.2 1,416.0 1,055.7 1,041.4 1,038.9 2.5 4.2 2,902.1 1,424.8 1,070.2 1,054.2 1,051.6 2.5 2.2 2,941.4 1,441.3 1,093.9 1,064.3 1,061.8 2.5 3.0 3,001.2 1,471.1 1,119.0 1,107.4 1,104.7 2.7 1.6 3,047.2 1,490.4 1,150.0 1,138.3 1,135.6 2.6 0.6 3,067.9 1,502.1 1,158.7 1,145.4 1,142.7 2.7 -0.3 3,109.4 1,527.4 1,209.3 1,190.2 1,187.5 2.7 1.2 3,156.3 1,554.1 1,246.2 1,218.9 1,216.2 2.7 0.6 3,211.0 1,582.1 1,265.5 1,250.6 1,247.9 2.7 5.4 3,232.1 1,600.5 1,276.2 1,262.2 1,259.4 2.7 4.1 3,296.7 1,644.9 1,296.5 1,277.4 1,274.6 2.8 6.3 3,354.9 1,681.7 1,320.2 1,295.1 1,292.4 2.8 5.8 3,435.7 1,709.8 1,352.4 1,328.1 1,325.3 2.8 3.7 3,452.3 1,718.6 1,378.3 1,355.4 1,352.6 2.8 4.1 3,450.7 1,723.6 1,376.2 1,356.0 1,353.1 2.9 21 22 ?3 ?4 25 18.3 362.8 279.8 83.0 44.3 14.0 344.1 263.4 80.7 55.3 18.8 319.3 245.4 73.9 38.2 23.1 309.1 14.2 364.2 282.0 82.2 44.4 16.1 362.8 278.8 83.9 44.3 29.6 362.0 275.9 86.2 44.1 11.6 358.6 273.2 85.4 52.5 11.8 348.6 266.2 82.4 58.3 13.3 339.9 260.8 79.0 67.2 19.2 329.5 253.6 75.9 43.2 27.3 315.8 241.3 74.5 40.1 14.9 325.5 249.5 76.0 37.9 14.0 317.1 242.4 74.7 38.2 19.1 318.6 248.2 70.5 36.7 25.1 309.7 242.3 67.4 44.7 24.3 315.3 250.2 65.1 56.9 22.9 309.1 243.8 65.3 46.3 20.2 302.2 26 ?7 28 0.0 239.4 114.4 125.1 0.0 67.8 88.4 -20.6 0.0 -243.3 51.9 -295.1 0.0 0.0 240.9 107.2 133.7 0.0 240.2 116.2 124.0 0.0 207.9 114.7 93.2 0.0 192.2 103.2 89.0 0.0 153.6 95.3 58.3 0.0 -68.5 82.3 -150.8 0.0 -5.9 72.9 -78.8 0.0 -196.2 66.5 -262.6 0.0 -244.0 47.5 -291.5 0.0 -236.1 46.8 -282.9 0.0 -296.8 46.7 -343.4 1.4 -361.0 49.7 -410.8 -1.4 -439.3 39.5 -478.9 0.0 -486.3 38.4 -524.8 0.0 30 31 3? 33 34 35 36 3,161.6 3,125.9 35.7 3,002.6 2,886.5 304.5 0.0 3,159.9 3,124.2 35.6 3,175.4 3,056.4 317.0 0.0 3,156.5 3,121.1 35.3 2,995.9 2,880.2 304.0 0.0 3,177.8 3,142.3 35.4 3,018.1 2,902.1 305.0 0.1 3,185.1 3,149.3 35.8 3,055.1 2,941.4 305.6 0.0 3,230.1 3,193.3 36.7 3,116.3 3,001.2 312.4 0.0 3,236.8 3,200.8 36.0 3,179.2 3,047.2 328.4 0.0 3,034.1 2,999.4 34.7 3,174.2 3,067.9 306.6 0.0 3,138.5 3,103.5 35.0 3,232.0 3,109.4 320.5 0.0 2,996.2 2,960.1 36.1 3,288.0 3,156.3 331.3 0.0 2,997.0 2,967.0 30.0 3,346.7 3,211.0 337.1 0.1 3,031.8 2,995.9 35.9 3,371.0 3,232.1 341.0 0.3 3,030.4 2,999.9 30.5 3,431.5 3,296.7 339.0 0.4 3,024.8 2,993.9 30.9 3,481.7 3,354.9 335.8 0.4 3,022.3 2,996.3 26.0 3,570.6 3,435.7 344.5 0.1 2,994.8 2,966.0 31.7 28.8 3,598.7 3,593.7 3,452.3 3,450.7 353.5 355.3 0.7 0.1 49.2 41.8 3,013.9 2,980.7 33.1 3,359.3 3,224.0 3,423.4 337.1 347.2 0.2 48.8 39.4 37 8.5 7.9 8.8 8.4 7.7 9.2 8.2 4.7 7.3 10.9 8.7 8.8 8.5 9.2 8.7 5.9 7.7 12.0 7.9 38 39 197.0 159.0 205.9 -15.6 210.8 -345.4 218.2 196.0 160.6 198.3 159.6 200.2 130.0 202.0 113.8 203.8 57.6 211.3 -140.1 206.5 -93.5 208.4 -291.7 210.1 -349.7 211.6 -339.2 213.3 -401.1 215.3 -456.9 217.4 -548.3 219.2 -603.9 220.9 February 2004 S urvey of 89 C u rren t B u sin ess Table 3.2. Federal Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Current receipts...................... Current tax receipts......................... Personal current taxes................. Taxes on production and imports.. Excise taxes............................. Customs duties......................... Taxes on corporate income......... Federal Reserve banks........... Other........................................ Taxes from the rest of the world... Contributions for government social insurance...................................... Income receipts on assets............... Interest receipts............................ Rents and royalties...................... Current transfer receipts.................. From business.............................. From persons............................... Current surplus of government enterprises................................... Current expenditures............ Consumption expenditures.............. Cunent transfer payments............... Government social benefits......... To persons................................ To the rest of the world............ Other current transfer payments... Grants-in-aid to state and local governments......................... To the rest of the world (net).... Interest payments............................. To persons and business............. To the rest of the world................. Subsidies.......................................... Less: Wage accruals less disbursements.............................. Net Federal Government saving.................................. Social insurance funds.................... Other................................................ Addenda: Total receipts.............................. Current receipts....................... Capital transfer receipts........... Total expenditures..................... Current expenditures............... Gross government investment.. Capital transfer payments........ Net purchases of nonproduced assets................................... Less: Consumption of fixed capital................................... Net lending or net borrowing (-) 1 2,053.8 2,017.8 1,860.7 ? 1,313.6 1,254.9 1,080.7 3 999.1 1,000.0 831.1 4 86.0 87.8 87.6 5 66.7 65.3 67.7 6 21.1 20.6 19.9 7 219.4 161.8 154.8 8 27.1 25.3 24.5 q 194.1 134.7 130.3 10 7.3 7.2 7.2 11 12 13 14 15 16 17 691.7 25.2 20.1 5.1 25.7 14.9 10.8 715.4 24.4 17.9 6.5 27.4 15.9 11.5 736.7 20.6 15.9 4.7 25.8 14.1 11.7 762.4 88.0 66.8 21.2 6.8 760.7 23.8 19.2 4.6 26.5 14.6 11.9 III 2001 IV I 2003 2002 III II IV I II IV III I II III IV 2,044.9 2,066.8 2,068.0 2,088.5 2,082.9 1,901.8 1,998.2 1,857.7 1,865.4 1,859.9 1,859.7 1,863.5 1,863.9 1,784.3 1,309.4 1 a?? 6 1,320.4 1,324 4 1 319.9 11389 1 ?36 5 1 085 2 1 088 8 1 0761 1 072 7 1 060 3 1 0571 9721 987.4 1,011.7 1,021.7 1,051.2 1,050.2 887.0 1,011.5 849.0 815.4 794.6 696.3 836.6 823.6 794.3 88.9 87.5 86.8 84.4 85.4 87.7 88.1 87.9 84.9 88.1 87.9 89.0 88.3 86.3 67.0 66.5 66.5 65.8 66.2 66.4 68.4 67.4 64.5 64.9 68.3 67.6 66.8 64.6 22.0 21.0 22.1 21.6 20.6 19.9 19.1 19.7 20.9 21.7 20.0 20.3 20.6 20.9 203.7 225.5 215.6 178.1 176.5 160.2 132.4 143.4 161.7 167.9 156.4 1575 171 0 182.8 25.0 26.1 25.6 29.6 28.0 26.6 24.3 25.4 25.6 242 22.8 22.7 22.0 20.2 200.6 189.9 177.6 148 5 148.5 1336 1081 1180 1308 1389 1483 1459 1626 133 3 7.6 7.2 7.5 7.2 6.4 7.3 7.7 7.3 7.7 6.7 6.9 6.7 7.0 6.8 685.6 25.5 20.7 4.8 25.3 14.6 10.7 696.5 25.0 19.6 5.4 25.8 14.9 10.9 699.4 25.9 19.9 6.0 26.7 15.7 11.1 713.7 26.1 19.5 6.6 27.4 16.1 11.3 714.5 25.0 18.3 6.7 27.5 16.1 11.4 715.7 24.0 17.6 6.5 27.5 15.9 11.5 717.5 22.3 16.1 6.2 27.1 15.5 11.6 730.3 20.2 14.9 5.3 26.1 14.5 11.6 736.1 19.7 14.6 5.1 25.8 14.2 11.7 738.6 20.5 15.8 4.7 25.7 14.0 11.7 741.9 22.0 18.3 3.8 25.4 13.6 11.7 755.1 22.5 18.9 3.6 26.0 14.2 11.8 758.5 23.6 19.2 4.5 26.3 14.4 11.9 763.1 24.9 19.8 5.1 26.9 14.9 11.9 764.3 89.8 68.5 21.4 6.9 766.2 24.3 19.0 5.3 26.8 14.8 12.0 -4.1 1b -2.3 -3.1 -1.5 -0.9 -3.1 -4.5 -3.1 -4.1 -4.3 -5.1 -4.0 -5.2 -1.0 -2.3 -0.4 -1.6 -2.5 -1.6 19 1,864.4 1,967.3 2,100.7 2,261.5 1,863.5 1,875.5 1,895.5 1,932.4 1,953.9 1,981.9 2,001.1 2,046.5 2,097.4 2,102.8 2,156.1 2,184.0 2,288.5 2,283.7 2,289.9 20 531.7 499.3 590.8 663.1 505.1 505.0 501.5 520.0 527.0 531.1 569.4 590.4 620.7 668.9 672.3 675.2 548.6 582.6 635.9 21 1,038.1 1,130.5 1,243.4 1,333.8 1,028.8 1,047.8 1,067.4 1,094.2 1,120.6 1,135.8 1,171.3 1,211.9 1,241.6 1,249.2 1,270.8 1,287.3 1,339.5 1,348.9 1,359.3 22 840.2 971.7 772.5 920.0 771.8 785.1 830.3 848.7 928.4 935.4 969.7 776.8 817.0 864.8 894.0 922.2 951.5 979.7 985.8 23 770.0 837.6 968.8 827.7 917.3 769.3 774.2 782.6 846.1 862.1 948.7 966.8 814.3 891.3 919.5 925.7 932.6 976.9 983.0 24 2.7 2.7 2.5 2.8 2.5 2.5 2.5 2.7 2.6 2.7 2.7 2.7 2.7 2.7 2.8 2.8 2.8 2.9 2.8 25 265.6 290.3 323.4 362.1 271.1 282.2 287.1 257.0 277.2 317.9 335.4 290.3 306.5 319.4 335.9 369.8 369.2 373.5 320.8 26 27 28 ?9 an 31 247.3 18.3 283.3 200.3 83.0 43.8 276.3 14.0 257.5 176.8 80.7 47.6 304.6 18.8 229.3 155.4 73.9 37.2 339.0 23.1 215.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.4 38.3 181.4 105.3 761 191.2 114.1 771 172.5 112.2 60.2 156.1 100.2 55.9 128.9 92.0 36.9 -80.1 78.8 -158.9 -2.8 69.3 -72.1 -188.8 63.0 -251.8 -232.0 44.1 -276.2 -242.9 43.4 -286.4 -296.3 43.3 -339.7 -320.4 46.4 -366.8 1,886.2 2,072.7 1,860.7 2,044.9 22.1 25.6 27.8 2,144.8 2,400.4 1,892.6 2,100.7 2,261.5 1,863.5 88.7 94.1 81.5 44.9 44.3 35.8 2,094.7 2,066.8 27.9 1,904.3 1,875.5 79.8 36.0 2,096.3 2,068.0 28.3 1,922.3 1,895.5 77.1 37.9 2,117.6 2,088.5 29.1 1,956.6 1,932.4 77.6 38.5 2,111.2 2,082.9 28.4 1,988.4 1,953.9 82.8 41.3 1,928.8 1,901.8 27.0 2,019.8 1,981.9 82.3 41.8 2,025.5 1 998 2 27.3 2,036.7 2,001.1 82.1 41.7 1,886.2 1,857.7 28.5 2,087.5 2,046.5 83.6 45.8 1,887.7 1,8654 22.4 2,142.6 2,097.4 90.5 43.7 1,888.3 1 859 9 28.4 2,150.5 2,102.8 91.4 44.9 1,882.8 1 859 7 23.0 2,198.5 2,156.1 89.3 42.9 1,887.1 1 8635 23.5 2,215.7 2,184.0 87.1 37.3 1,882.6 1 863.9 18.7 2,339.9 2,288.5 95.8 47.1 1,806.0 1 784 3 21.7 24.6 2,344.5 2,337.8 2,283.7 2,289.9 97.3 96.3 44.1 51.3 48.8 242.8 14.2 285.7 203.5 82.2 43.8 255.0 16.1 282.5 198.6 83.9 43.7 252.6 29.6 279.6 193.5 86.2 43.5 265.7 11.6 273.7 188.3 85.4 44.5 278.5 11.8 262.4 180.0 82.4 43.9 273.7 13.3 252.7 173.6 79.0 62.3 287.3 19.2 241.4 165.5 75.9 39.8 290.6 27.3 227.1 152.6 74.5 38.2 304.6 14.9 235.9 159.9 76.0 37.2 306.8 14.0 226.7 1520 74 7 36.5 316.4 19.1 227.6 157.2 70.5 37.0 310.8 25.1 217.7 150.3 67.4 44.5 345.5 24.3 222.5 157.4 65.1 56.3 346.3 22.9 215.6 150.3 65.3 47.0 353.3 20.2 207.8 -1.4 0.0 0.0 -424.7 36.1 -460.8 -499.4 35.0 -534.4 35.8 47.6 32 0.0 0.0 0.0 33 34 35 189.5 112.3 77.1 50.5 85.1 -34.5 -240.0 48.5 -288.5 36 37 38 39 40 41 42 2,081.9 2,053.8 28.1 1,892.6 1,864.4 79.5 36.2 2,045.8 2,017.8 27.9 2,000.4 1,967.3 81.2 40.8 43 -0.3 -0.7 0.2 -0.2 -1.2 0.4 -0.5 -3.9 -1.3 2.3 0.1 0.2 -0.1 0.6 0.1 -2.7 -1.0 3.4 -0.7 44 45 87.2 189.4 88.2 45.4 89.1 -258.6 90.9 87.0 180.0 87.4 190.4 87.6 174.0 87.9 161.0 88.3 122.8 88.5 -91.1 88.3 -11.2 88.6 -201.3 88.8 -254.9 89.1 -262.3 89.8 -315.8 90.0 -328.6 90.5 -457.3 91.3 -538.5 91.8 90 G overnm ent C urrent Receipts and Expenditures February 2004 Table 3.3. State and Local Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 II Current receipts..................... Personal current taxes................. Income taxes............................ Other........................................ Taxes on production and imports.. Sales taxes............................... Property taxes.......................... Other........................................ Taxes on corporate income......... Contributions for government social insurance...................................... Income receipts on assets............... Interest receipts............................ Dividends...................................... Rents and royalties...................... Current transfer receipts................... Federal grants-in-aid.................... From business (net)...................... From persons............................... Current surplus of government enterprises................................... Current expenditures............ Consumption expenditures.............. Government social benefit payments to persons..................................... Interest payments............................. Subsidies.......................................... Less: Wage accruals less disbursements.............................. Net state and local government saving........... Social insurance funds.................... Other................................................ Addenda: Total receipts.............................. Current receipts....................... Capital transfer receipts........... Total expenditures..................... Current expenditures............... Gross government investment.. Net purchases of nonproduced assets................................... Less: Consumption of fixed capital................................... Net lending or net borrowing (-) 1 1,319.5 1,382.7 1,424.7 ? 893.2 917.7 925.5 243.7 221.9 3 236.6 224.1 201.7 4 217.3 19.4 20.2 5 19.6 621.1 643.8 672.5 6 7 316.6 322.7 328.8 8 254.6 269.6 291.0 49.9 51.6 52.6 9 10 35.5 30.2 31.1 11 12 13 14 15 16 17 18 19 11.0 92.2 84.0 1.9 6.3 315.4 247.3 28.8 39.2 13.2 95.6 86.7 2.0 7.0 350.8 276.3 31.4 43.1 13.5 95.5 86.0 2.1 7.4 384.2 304.6 32.7 46.9 225.1 204.2 20.9 700.0 339.9 304.3 55.8 13.8 93.9 84.0 2.2 7.8 422.3 339.0 32.1 51.2 2001 2000 III IV I 2002 III II IV I II 2003 III IV 1,319.0 1,330.5 1,333.9 1,370.5 1,396.5 1,371.4 1,392.6 1,393.0 1,406.2 1,442.8 1,456.6 930.2 898.4 895.4 898.8 919.8 906.3 914.5 910.2 908.0 940.5 943.3 258.4 207.1 229.4 243.7 236.3 234.8 250.9 233.9 231.6 220.9 230.3 215.7 231.8 238.9 214.2 211.6 201.3 186.9 209.1 209.6 224.5 216.6 20.4 20.7 19.2 19.7 19.2 19.1 19.6 19.7 19.9 19.6 20.2 624.1 631.2 640.5 643.1 680.5 618.0 637.3 654.5 660.3 669.5 679.5 315.7 317.0 320.3 322.9 321.8 320.1 325.9 324.8 328.4 332.4 329.7 262.7 266.9 271.7 288.9 293.6 297.9 252.9 256.1 259.5 276.9 283.6 51.7 51.8 51.7 52.3 53.5 52.9 49.4 51.1 51.5 51.3 51.9 31.3 31.3 31.6 32.5 36.7 35.0 32.8 31.6 29.3 28.5 29.0 10.7 91.9 83.9 1.9 6.2 310.0 242.8 28.6 38.7 11.2 92.8 84.5 1.9 6.4 323.8 255.0 29.1 39.8 11.8 93.7 85.1 1.9 6.7 323.0 252.6 29.6 40.8 12.6 94.5 85.8 1.9 6.8 337.5 265.7 30.1 41.7 13.1 95.6 86.7 2.0 7.0 351.8 278.5 30.6 42.7 13.4 96.1 87.0 2.0 7.1 350.7 273.7 33.4 43.6 13.6 96.3 87.1 2.0 7.2 363.3 287.3 31.5 44.5 13.5 96.1 86.7 2.1 7.2 368.0 290.6 32.0 45.4 13.5 95.6 86.2 2.1 7.3 383.4 304.6 32.5 46.4 13.5 95.4 85.9 2.1 7.4 387.1 306.8 32.9 47.3 13.6 95.0 85.3 2.2 7.5 398.2 316.4 33.4 48.4 I II III IV 1,441.2 1,477.9 1,528.0 935.0 934.9 983.6 239.7 215.1 205.6 194.6 185.2 218.4 20.5 20.4 21.3 685.9 694.4 705.1 332.3 337.5 343.2 299.4 301.6 305.5 54.3 55.2 56.5 33.9 38.8 35.0 13.7 94.4 84.5 2.3 7.6 391.5 310.8 31.3 49.5 13.8 93.9 84.0 2.2 7.7 427.9 345.5 31.8 50.6 13.9 93.9 83.9 2.1 7.8 430.4 346.3 32.4 51.7 240.0 218.5 21.5 714.5 346.6 310.6 57.4 14.0 93.3 83.4 2.0 7.9 439.2 353.3 32.9 52.9 5.7 4.9 5.2 5.7 6.5 6.6 7.4 7.7 5.4 5.9 8.0 7.3 6.6 6.0 4.8 6.3 6.2 5.6 20 6.5 21 1,269.5 1,365.4 1,427.9 1,500.9 1,259.5 1,281.6 1,298.5 1,334.4 1,371.8 1,359.7 1,395.6 1,400.3 1,418.2 1,436.1 1,457.0 1,481.8 1,492.6 1,514.9 1,514.2 923.4 963.3 971.1 999.5 1,010.1 1,024.2 1,045.8 1,040.9 1,046.3 1,048.4 22 917.8 966.1 1,004.6 1,045.3 910.8 936.3 951.1 978.8 984.8 23 24 25 271.7 79.5 0.5 305.1 86.6 7.7 332.3 89.9 1.0 362.0 93.2 0.3 269.6 78.5 0.5 277.4 80.3 0.6 279.2 82.4 0.6 290.4 84.9 8.0 307.9 86.2 14.4 296.6 87.2 4.8 325.4 88.1 3.4 324.9 88.8 1.9 328.4 89.6 0.7 333.8 90.4 1.8 342.1 91.0 -0.3 343.7 92.0 0.3 358.4 92.7 0.6 375.7 93.5 -0.7 370.2 94.4 1.2 26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 77 28 29 50.0 2.0 47.9 17.3 3.4 14.0 -3.2 3.4 -6.6 3.4 59.5 1.9 57.7 49.0 2.1 46.8 35.4 2.4 33.0 36.1 3.0 33.1 24.6 3.3 21.3 11.6 3.5 8.1 -3.0 3.6 -6.6 -7.4 3.4 -10.8 -11.9 3.4 -15.3 6.8 3.4 3.4 -0.4 3.4 -3.8 -40.6 3.4 -44.0 -14.7 3.4 -18.1 13.1 3.5 9.6 3.5 30 31 32 33 34 35 Tfi 1,363.2 1,319.5 43.7 1,393.5 1,269.5 225.0 1,431.2 1,382.7 48.5 1,492.2 1,365.4 235.8 1,476.3 1,424.7 51.7 51.8 1,563.2 1,635.3 1,427.9 1,500.9 248.4 253.1 1,362.3 1,319.0 43.4 1,381.8 1,259.5 222.6 1,373.9 1,330.5 43.4 1,404.8 1,281.6 225.3 1,379.3 1,333.9 45.4 1,423.3 1,298.5 228.6 1.416.5 1.370.5 46.1 1,463.8 1,334.4 234.8 1.445.4 1.396.5 49.0 1,510.6 1,371.8 245.6 1,420.8 1,371.4 49.5 1,469.9 1,359.7 224.4 1,441.9 1,392.6 49.3 1,524.3 1,395.6 238.3 1,446.4 1,393.0 53.5 1,536.9 1,400.3 247.7 1,457.4 1,406.2 51.2 1,552.2 1,418.2 246.6 1,495.0 1,442.8 52.1 1,571.9 1,436.1 249.6 1,506.5 1,456.6 50.0 1,591.8 1,457.0 249.7 1,485.4 1,441.2 44.2 1,613.7 1,481.8 248.7 1,532.1 1,477.9 54.2 1,623.1 1,492.6 248.7 1,586.3 1,528.0 50.4 58.3 1,651.7 1,652.6 1,514.9 1,514.2 256.2 259.0 37 8.8 8.6 8.6 8.6 8.8 8.8 8.7 8.7 8.6 8.6 8.6 8.6 8.6 8.6 8.6 8.6 8.6 8.6 8.6 38 39 109.8 -30.4 117.7 -61.0 121.7 -86.9 127.3 109.0 -19.5 110.9 -30.8 112.5 -44.0 114.1 -47.3 115.4 -65.2 122.8 -49.0 118.2 -82.4 119.8 -90.5 121.2 -94.8 122.5 -76.9 123.5 -85.3 125.3 -128.3 126.9 -90.9 127.9 -65.4 129.2 February 2004 S urvey of 91 C u rren t B u sin ess Table 3.4. Personal Current Tax Receipts [Billions of dollars] Line Personal current taxes1............................ Federal............................................................... Income taxes................................................... Withheld...................................................... Declarations and settlements...................... Less: Refunds............................................. Other taxes2.................................................... State and local................................................... Income taxes................................................... Motor vehicle licenses..................................... Property taxes................................................. Other taxes3.................................................... 1 2 3 4 5 6 7 8 9 10 11 12 1999 1,107.5 893.0 893.0 717.8 300.4 125.2 0.0 214.5 195.5 10.8 5.1 3.0 2000 1,235.7 999.1 999.1 782.8 350.3 134.1 0.0 236.6 217.3 11.4 4.8 3.1 2001 1,243.7 1,000.0 1,000.0 807.3 341.6 148.8 0.0 243.7 224.1 11.3 5.1 3.2 2002 1,053.1 831.1 831.1 735.4 277.2 181.5 0.0 221.9 201.7 11.8 5.0 3.4 1. Excludes estate and gift taxes, which are classified in the NIPAs as capital transfers. 2. Consists of the dividends tax in 1933-34 and of the automobile use tax in 1942-46. 3. Consists largely of hunting, fishing, and other personal licenses. Table 3.5. Taxes on Production and Imports Table 3.6. Contributions for Government Social Insurance [Billions of dollars] [Billions of dollars] Line Taxes on production and imports........... Federal................................................................ Excise taxes Gasoline Alcoholic beverages.................................... Tobacco. Diesel fuel Air transport Crude oil windfall profits ta x ....................... Other1................ ......................................... Customs duties................................................ Other2.............................................................. State and local................................................... Sales taxes...................................................... State............................................................ General......... Gasoline...... Alcoholic beverages................................ Tobacco........ Public utilities Insurance receipts Other............ Local............................................................ General Public utilities........................................... Other. Property taxes Motor vehicle licenses..................................... Severance taxes Special assessments....................................... Other taxes3.................................................... 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 1999 2000 2001 2002 674.0 83.9 64.7 23.4 7.7 5.6 8.3 8.8 708.9 87.8 66.7 23.4 7.8 6.7 8.6 9.9 729.8 86.0 65.3 23.3 7.9 7.1 8.6 9.1 760.1 87.6 67.7 23.3 8.0 7.5 8.9 10.2 10.9 19.2 0.0 590.2 301.6 245.9 169.1 29.6 4.0 8.2 9.4 9.7 16.0 55.6 39.5 8.5 7.6 242.8 6.3 3.5 3.8 32.2 10.2 21.1 0.0 621.1 316.6 255.5 177.8 30.4 4.1 8.5 8.8 9.8 16.0 61.1 43.5 9.2 8.4 254.6 6.7 5.3 3.9 34.0 9.3 20.6 0.0 643.8 322.7 259.5 179.3 31.5 4.2 8.6 9.6 10.4 16.0 63.2 44.5 9.7 9.0 269.6 6.6 5.7 4.0 35.4 9.7 19.9 0.0 672.5 328.8 264.0 180.7 32.4 4.3 10.2 9.6 11.2 15.7 64.8 45.1 10.0 9.6 291.0 6.8 4.2 4.1 37.5 1. Consists largely of taxes on telephone services, tires, coal, nuclear fuel, and trucks, and of refunds other than those for alcoholic beverages and tobacco. 2. Consists of the capital stock tax in 1933-45. 3. Consists largely of business licenses and of documentary and stamp taxes. Line Contributions for government social insurance................................................ Employer contributions..................................... Federal social insurance funds........................ Old-age, survivors, disability, and hospital insurance................................................. Old-age, survivors, and disability insurance............................................. Hospital insurance................................... Unemployment insurance............................ State unemployment insurance.............. Federal unemployment tax...................... Railroad employees unemployment insurance............................................. Federal employees unemployment insurance............................................. Railroad retirement...................................... Pension benefit guaranty............................. Veterans life insurance................................. Workers’ compensation............................... Military medical insurance1........................ State and local social insurance funds........... Temporary disability insurance................... Workers’ compensation............................... Employee and self-employed contributions.... Federal social insurance funds....................... Old-age, survivors, disability, and hospital insurance................................................. Employees............................................... Old-age, survivors, and disability insurance......................................... Hospital insurance............................... Self-employed.......................................... Supplementary medical insurance............. State unemployment insurance.................. Railroad retirement...................................... Veterans life insurance................................. State and local social insurance funds2.......... 1999 2001 2000 2002 1 2 3 661.4 323.3 315.4 702.7 343.5 335.4 728.5 354.9 345.9 750.3 364.1 354.9 4 281.4 300.3 311.0 318.1 5 6 7 8 9 219.1 62.4 27.1 19.8 6.8 233.3 67.0 28.0 20.5 7.1 242.5 68.5 27.7 20.1 7.0 248.7 69.4 29.5 21.7 7.0 10 0.1 0.1 0.1 0.1 11 12 13 14 15 16 17 18 19 20 21 0.4 2.8 0.9 0.0 2.0 1.0 8.0 0.0 7.9 338.1 336.3 0.4 2.9 0.8 0.0 2.2 1.2 8.2 0.0 8.1 359.2 356.3 0.5 2.8 0.9 0.0 2.2 1.3 9.0 0.0 9.0 373.6 369.4 0.7 2.7 0.8 0.0 2.4 1.4 9.2 0.0 9.1 386.2 381.8 22 23 313.7 281.4 333.7 299.7 344.6 309.4 354.8 318.7 24 25 26 27 28 29 30 31 217.5 63.8 32.4 20.4 0.1 1.4 0.7 1.8 231.3 68.4 34.0 20.4 0.1 1.4 0.6 2.8 239.4 70.0 35.2 22.8 0.1 1.4 0.6 4.2 247.7 70.9 36.2 24.8 0.1 1.4 0.6 4.4 1. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facilities. 2. Consists of contributions for temporary disability insurance. Government Current Receipts and Expenditures 92 February 2004 Table 3.7. Government Current Transfer Receipts Table 3.8. Current Surplus of Government Enterprises [Billions of dollars] [Billions of dollars] Line Current transfer receipts.......................... From business (net).......................................... Federal......................... Deposit insurance premiums...................... Other1....................... State and local (net)..... Fines......................... Net insurance settlements Other2....................... From persons..................................................... Federal3........................................................... State and local................................................. Fines............................................................ Other4.......................................................... 1999 1 2 3 4 5 6 7 8 9 10 11 12 13 14 2000 2001 93.7 43.7 14.9 3.3 11.6 28.8 7.9 0.0 20.9 50.0 10.8 39.2 11.9 27.4 80.6 35.9 12.9 2.1 10.7 23.0 7.2 0.1 15.7 44.7 9.8 34.9 10.7 24.1 2002 101.9 47.3 15.9 3.7 12.2 31.4 8.7 0.7 22.0 54.6 11.5 43.1 13.0 30.1 Line Current surplus of government enterprises......................................... Federal................................................................ Postal Service...................... Federal Housing Administration Tennessee Valley Authority... Other1................................... State and local....................... Water and sewerage............ Gas and electricity............... 105.3 46.8 14.1 3.5 10.5 32.7 9.4 0.0 23.3 58.6 11.7 46.9 14.1 32.8 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Air and water terminals.................................... Housing and urban renewal............................. Public transit.................................................... 1. Consists largely of fines and of fees. 2. Consists lamely of donations. Beginning with 1997, includes settlements of lawsuits with tobacco companies. 3. Consists of fines, immigration fees, certain penalty taxes, and excise taxes paid by nonprofit institutions serving house holds. 4. Consists largely of donations and other miscellaneous transfers, including unclaimed bank deposits. 1999 2000 10.1 -0.3 -5.4 3.1 2.6 -0.7 10.4 2001 5.3 -2.3 -6.1 2.9 1.5 -0.7 7.7 2002 1.2 -4.1 -6.7 2.8 1.7 -2.0 5.4 2.8 -3.1 -5.3 2.7 1.S -2 A 5.S 1. Consists largely of the Bonneville Power Administration, other electric power agencies, and insurance agencies other thai those insuring deposits in financial institutions. 2. Consists of lotteries, gaming administered by Indian tribal governments, off-track betting, local parking, and miscellaneou: activities. Table 3.9.1 Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross Investment [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Government consumption expenditures and gross investment...................... Consumption expenditures1.............. Gross investment2........... Structures.................... Equipment and software Federal......................................... Consumption expenditures... Gross investment................. Structures........................ Equipment and software... National defense..................... Consumption expenditures... Gross investment................. Structures......................... Equipment and software... Nondefense............................. Consumption expenditures... Gross investment.................. Structures........................ Equipment and software... State and local............................ Consumption expenditures...... Gross investment...................... Structures............................. Equipment and software...... III 2002 2001 IV I II III IV I II 2003 III IV I II III IV 1 2.1 2.8 3.8 3.4 5.5 -2.1 1.3 5.8 5.8 -4.1 7.4 4.6 4.0 2.5 7.1 -0.4 7.4 1.8 0.8 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 1.7 3.6 3.3 4.0 0.9 1.3 -1.9 -18.3 2.1 -0.5 -1.0 2.5 -3.6 3.2 3.5 5.8 -8.2 -25.2 0.1 2.7 1.9 5.7 5.4 6.7 2.8 2.5 1.5 4.2 3.7 3.9 2.5 -5.7 4.2 3.9 3.9 3.8 -11.6 5.6 3.5 4.0 0.4 -2.2 1.4 2.2 2.2 2.5 2.1 4.3 3.6 5.0 3.8 7.3 7.9 7.6 9.9 7.5 10.4 8.9 8.4 11.7 -5.1 13.4 6.2 6.1 7.0 14.2 4.2 1.8 1.4 3.4 3.5 3.0 3.8 1.7 0.0 4.7 8.7 9.1 6.2 3.0 6.9 10.5 10.8 8.1 6.1 8.3 5.4 5.8 3.1 1.7 3.8 0.6 0.7 0.1 -0.2 1.4 7.3 -2.3 -9.9 11.4 17.2 18.4 10.0 -1.8 12.6 17.0 19.6 1.2 70.5 -4.3 17.6 16.3 25.1 -27.1 54.6 0.1 1.7 -€.4 -10.5 9.7 -2.3 -0.8 0.9 -3.6 -8.2 -8.1 -8.8 -7.8 -9.0 -7.4 -8.8 2.3 19.1 0.5 -9.7 -€.9 -23.8 -21.8 -24.5 1.3 1.0 2.2 1.6 4.4 1.8 -1.1 -0.8 -1.6 -1.0 1.0 -13.2 -35.4 -7.9 1.7 3.5 -9.1 -41.2 -4.3 -5.7 -3.2 -19.5 -31.3 -14.7 2.5 2.2 3.5 2.4 7.5 5.4 7.8 9.5 4.9 8.9 9.7 4.0 10.2 2.9 7.7 9.1 -2.2 -8.8 -1.5 11.2 10.6 14.9 24.0 12.0 4.3 3.1 9.0 9.4 7.6 2.8 20.8 22.2 18.3 6.7 3.8 28.4 -1.9 35.1 2.6 0.0 22.5 -10.8 26.7 14.4 10.8 38.2 3.7 52.7 5.3 2.3 18.3 24.0 -0.9 1.0 -24.6 -35.8 -1.7 0.0 0.2 -1.5 2.4 -2.2 2.4 0.8 13.6 -32.2 19.4 -4.3 -1.0 -21.7 27.7 -34.3 -6.1 1.4 -31.4 -37.9 -0.9 5.3 18.3 30.1 1.2 9.9 11.1 2.9 20.7 -0.3 14.2 15.8 4.6 28.1 2.6 2.6 3.0 0.1 17.2 -6.1 6.1 2.2 24.3 30.8 3.4 3.1 12.1 15.1 7.2 8.4 8.5 7.3 6.9 7.4 8.2 9.1 2.3 -17.8 4.5 8.7 7.5 16.3 21.3 14.1 2.7 0.2 13.8 15.7 6.8 3.6 5.6 -4.5 25.3 10.5 7.0 36.8 5.3 43.8 9.5 6.4 34.0 -0.2 37.5 12.2 8.1 41.5 8.0 58.1 0.7 1.8 -3.7 -5.2 2.6 2.2 3.7 3.5 4.2 3.9 3.9 4.0 4.6 3.9 4.5 2.5 18.9 8.5 19.8 2.9 6.5 -17.0 2.9 -24.1 1.7 1.2 3.6 3.4 4.6 9.3 -2.7 0.8 -8.4 18.2 22.9 -9.1 4.6 -11.5 22.1 28.2 -12.6 -4.4 -13.3 11.4 13.7 -2.6 8.9 -7.3 1.5 1.9 -0.3 0.5 -3.5 0.8 -5.9 -6.8 -4.4 -0.2 1.1 -8.7 -10.9 -8.2 -5.6 -4.8 -11.2 3.3 -12.4 10.5 12.8 -4.1 -16.7 2.1 -0.5 0.6 -4.9 -6.5 1.5 7.1 9.0 -1.9 30.2 23.5 20.5 46.3 19.3 52.2 41.9 41.9 42.1 -8.8 47.6 -5.0 -11.7 53.7 34.4 62.8 -0.8 -0.5 -2.2 -3.3 2.5 0.1 10.4 14.4 4.0 1.2 0.6 5.7 13.9 4.3 -1.3 -4.7 26.4 67.0 23.5 6.5 11.9 -22.8 -4.1 -29.8 2.1 -0.3 12.2 14.4 3.6 0.8 1.1 2.1 -0.5 0.7 1.2 -3.4 -12.3 -1.6 1.8 2.8 -4.6 1.2 -5.1 -1.6 -1.7 -1.1 -18.3 7.7 0.9 0.4 2.9 3.3 1.2 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Exdudes government sales to other sectors and government own-account investment (construction and software). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is induded in government consumption expenditures. February 2004 S urvey 93 C u rr e n t B u sin ess of Table 3.9.2 Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Percent change at annual rate: Government consumption expenditures and gross investment..................... Percentage points at annual rates: Consumption expenditures1.............. Gross investment2........... Structures..................... Equipment and software Federal......................................... Consumption expenditures... Gross investment................. Structures......................... Equipment and SoftwareNational defense.................... Consumption expenditures... Gross investment.................. Structures......................... Equipment and software... Nondefense............................. Consumption expenditures... Gross investment.................. Structures......................... Equipment and software... State and local............................ Consumption expenditures...... Gross investment..................... Structures............................. Equipment and software III 2001 IV I 2002 III II 1 2.1 2.8 3.8 3.4 5.5 -2.1 1.3 5.8 5.8 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 1.43 0.63 0.36 0.27 0.30 0.39 -0.09 -0.18 0.08 -0.11 -0.19 0.07 -0.01 0.08 0.42 0.58 -0.16 -0.17 0.00 1.75 1.03 0.72 0.53 0.19 2.30 0.45 0.17 0.28 1.26 1.14 0.11 -0.04 0.16 0.84 0.73 0.11 -0.03 0.14 0.42 0.41 0.01 -0.01 0.02 1.49 1.16 0.33 0.21 0.12 2.96 0.88 0.41 0.46 2.68 2.24 0.44 0.05 0.38 1.92 1.60 0.32 -0.01 0.33 0.76 0.64 0.12 0.07 0.05 1.16 0.73 0.44 0.36 0.08 3.10 0.31 0.01 0.30 3.05 2.76 0.29 0.03 0.26 2.37 2.14 0.23 0.01 0.22 0.68 0.62 0.06 0.02 0.04 0.36 0.35 0.02 -0.02 0.04 5.96 -0.41 -1.15 0.74 5.50 5.04 0.46 -0.01 0.47 3.48 3.44 0.04 0.15 -0.11 2.02 1.60 0.42 -0.16 0.59 0.05 0.93 -0.87 -1.14 0.27 -1.91 -0.15 0.10 -0.24 -2.90 -2.46 -0.43 -0.07 -0.37 -1.66 -1.72 0.06 0.05 0.01 -1.24 -0.74 -0.50 -0.12 -0.38 0.84 0.55 0.28 0.16 0.12 1.49 -0.19 -0.09 -0.11 -0.33 0.31 -0.64 -0.33 -0.32 0.37 0.64 -0.27 -0.16 -0.11 -0.70 -0.32 -0.37 -0.17 -0.20 1.63 1.18 0.45 0.24 0.21 4.46 1.34 1.02 0.32 2.92 2.75 0.17 0.07 0.10 1.60 1.67 -0.07 -0.03 -0.04 1.32 1.08 0.24 0.09 0.15 2.88 1.71 1.17 0.95 0.22 2.35 3.44 2.32 1.13 2.24 1.10 1.14 -0.01 1.15 0.57 0.01 0.56 -0.03 0.59 1.67 1.09 0.58 0.02 0.56 3.56 1.25 2.31 2.33 -0.02 ^ .1 0.81 -4.88 -4.77 -0.11 -0.01 0.06 -0.07 0.02 -0.08 0.51 0.16 0.36 -0.10 0.45 -0.52 -0.10 -0.42 0.11 -0.54 -4.06 0.75 -4.81 -4.79 -0.02 IV II I 2003 IV III I III II IV 7.4 4.6 4.0 2.5 7.1 -0.4 7.4 1.8 0.8 4.40 2.98 2.90 0.09 3.33 3.20 0.13 0.14 0.00 3.02 2.88 0.13 0.06 0.07 0.32 0.31 0.00 0.08 -0.07 4.05 1.21 2.85 2.76 0.09 2.58 2.05 1.60 0.45 2.83 2.50 0.33 0.05 0.28 1.81 1.73 0.07 -0.05 0.12 1.02 0.76 0.26 0.10 0.16 1.80 0.08 1.72 1.55 0.17 3.00 0.98 -0.51 1.49 3.54 2.08 1.46 0.04 1.43 2.09 1.24 0.85 0.00 0.85 1.45 0.84 0.62 0.04 0.58 0.44 0.92 -0.48 -0.55 0.06 1.80 0.66 0.38 0.28 1.37 1.18 0.20 0.03 0.16 1.02 0.50 0.52 0.02 0.50 0.35 0.68 -0.33 0.01 -0.34 1.08 0.62 0.46 0.35 0.12 7.59 -0.47 0.09 -0.56 6.13 6.56 -0.43 0.03 -0.47 4.74 5.13 -0.39 -0.01 -0.38 1.39 1.43 -0.04 0.04 -0.09 0.99 1.03 -0.04 0.05 -0.09 0.64 -1.03 -0.75 -0.28 -0.06 0.34 -0.40 -0.08 -0.32 -1.33 -1.00 -0.33 0.01 -0.34 1.27 1.34 -0.07 -0.09 0.02 -0.32 0.31 -0.63 -0.66 0.04 5.95 1.49 -0.19 1.68 7.95 6.20 1.75 0.13 1.62 8.59 7.57 1.02 -0.02 1.04 -0.64 -1.37 0.73 0.15 0.58 -0.52 -0.25 -0.26 -0.32 0.06 0.07 1.68 1.43 0.25 0.46 0.20 0.26 0.10 0.16 -0.33 -1.03 0.70 0.12 0.58 0.79 1.23 -0.44 -0.02 -0.42 1.29 -0.13 1.42 1.33 0.09 0.63 0.19 0.23 -0.03 0.24 0.40 -0.16 -0.10 -0.06 0.45 0.59 -0.14 0.00 -0.15 -0.21 -0.19 -0.02 -0.10 0.08 0.58 0.23 0.35 0.32 0.03 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. Table 3.9.3 Real Government Consumption Expenditures and Gross Investment, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Government consumption expenditures and gross investment...................... Consumption expenditures'.............. Gross investment2........... Structures..................... Equipment and software Federal......................................... Consumption expenditures... Gross investment.................. Structures......................... Equipment and software... National defense.................... Consumption expenditures... Gross investment.................. Structures......................... Equipment and software... Nondefense............................. Consumption expenditures... Gross investment................. Structures......................... Equipment and software... State and local............................ Consumption expenditures...... Gross investment..................... Structures............................. Equipment and software 1 100.000 102.750 106.697 110.333 100.517 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.797 102.532 101.518 104.236 103.746 103.943 102.493 94.257 104.186 103.890 103.897 103.833 88.386 105.627 103.490 104.025 100.373 97.762 101.367 102.248 102.176 102.544 102.067 104.306 106.484 107.708 105.335 111.807 111.958 111.858 112.661 101.285 115.019 113.086 112.664 116.016 83.881 119.829 109.956 110.398 107.396 111.691 105.662 104.047 103.568 106.021 105.641 107.398 110.495 109.548 105.336 117.039 121.688 121.996 119.695 104.368 122.925 124.931 124.864 125.405 88.991 129.738 115.937 116.816 110.756 113.557 109.653 104.627 104.260 106.139 105.412 108.916 100.625 100.026 99.289 101.228 102.139 102.065 102.646 103.560 102.453 101.841 102.064 100.385 104.312 99.943 102.669 102.050 106.251 103.118 107.390 99.696 99.841 99.102 98.966 99.574 III 2001 IV I II 2003 2002 III IV I II III IV I II III IV 99.995 100.318 101.742 103.185 102.119 103.955 105.138 106.168 106.814 108.666 108.563 110.527 111.008 111.235 100.038 99.813 99.504 100.316 99.970 99.925 100.304 101.467 100.069 99.901 99.743 100.960 108.980 100.056 100.091 100.240 99.256 96.985 100.101 100.007 100.098 99.641 99.356 100.647 100.480 99.542 99.308 99.922 99.722 100.167 96.820 90.952 98.019 100.334 100.600 98.576 95.418 98.950 98.639 99.437 94.023 88.282 96.198 100.618 100.649 100.495 99.941 102.490 101.809 101.420 101.582 101.118 101.878 102.513 97.778 93.189 98.716 102.202 102.822 98.035 93.236 98.580 101.300 101.982 97.346 93.155 98.958 101.672 101.426 102.686 102.218 104.382 102.519 106.324 106.811 105.464 103.549 103.467 104.086 92.742 106.430 102.871 102.832 103.134 90.615 104.581 104.757 104.624 105.553 94.006 110.002 103.000 102.004 107.100 107.876 104.142 102.767 99.068 95.594 105.021 103.539 103.521 103.688 93.302 105.833 103.491 103.049 106.483 82.219 109.322 103.622 104.363 99.286 99.925 99.027 101.404 102.358 97.472 95.766 103.919 104.094 103.314 102.085 105.343 106.019 106.272 104.422 97.796 105.764 106.995 106.887 107.680 87.476 110.024 104.282 105.129 99.309 103.964 97.480 102.916 102.915 102.919 102.409 104.782 104.893 106.314 105.743 107.183 108.175 108.467 106.286 99.446 107.670 109.132 109.244 108.288 83.286 111.230 106.477 107.054 103.126 109.109 100.748 103.610 102.954 106.308 106.219 106.526 105.835 107.760 104.532 113.397 110.907 110.312 114.939 100.750 117.908 111.647 110.954 116.501 83.245 120.452 109.592 109.148 112.469 111.217 112.964 103.779 103.404 105.324 104.818 107.203 106.408 108.754 105.430 114.565 111.986 111.380 116.078 101.891 119.043 112.894 111.650 121.655 84.968 126.023 110.374 110.890 107.343 112.008 105.453 104.207 103.707 106.269 105.699 108.410 108.802 108.004 105.633 112.084 116.764 117.274 113.343 103.055 115.457 118.672 118.810 117.620 84.027 121.611 113.381 114.500 106.644 114.431 103.484 104.593 104.207 106.184 105.830 107.454 109.012 106.373 103.797 110.835 116.713 117.589 110.805 100.118 113.010 116.972 117.355 114.165 84.714 117.644 116.252 118.011 105.540 109.325 104.024 104.463 104.361 104.857 104.076 107.866 110.903 108.695 103.309 118.384 123.025 123.212 121.869 104.634 125.522 127.675 128.087 124.649 82.781 129.677 114.781 114.406 117.511 117.704 117.497 104.248 104.231 104.288 103.212 108.523 110.927 111.406 106.838 119.548 123.406 123.401 123.581 108.099 126.835 127.247 126.569 132.174 94.099 136.701 116.596 117.676 110.132 116.464 107.540 104.779 104.165 107.326 106.746 109.480 111.137 111.718 107.400 119.387 123.608 123.784 122.526 104.619 126.333 127.831 127.444 130.633 94.372 134.932 116.120 117.171 109.840 110.736 109.550 105.019 104.281 108.087 107.613 109.794 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 94 Government Current Receipts and Expenditures February 2004 Table 3.9.4 Price Indexes for Government Consumption Expenditures and Gross Investment [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Government consumption expenditures and gross investment..................... Consumption expenditures1............... Gross investment2........... Structures.................... Equipment and software Federal......................................... Consumption expenditures... Grass investment................. Structures......................... Equipment and software... National defense.................... Consumption expenditures... Gross investment................. Structures......................... Equipment and software... Nondefense............................. Consumption expenditures... Gross investment.................. Structures......................... Equipment and software... State and local............................ Consumption expenditures...... Gross investment...................... Structures............................. Equipment and software 1 100.000 102.587 105.207 108.228 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.815 101.525 103.427 98.444 102.065 102.441 99.688 103.794 98.905 102.158 102.641 98.986 103.916 98.478 101.900 102.081 100.831 103.727 99.769 102.853 103.020 102.175 103.400 97.820 105.729 102.783 106.492 96.856 104.858 105.775 99.068 106.114 97.759 104.666 105.643 98.279 106.402 97.494 105.208 106.021 100.356 105.966 98.270 105.382 105.694 104.116 106.518 95.616 III 2001 IV I II 2002 III IV I 2003 III II IV I II III IV 99.395 100.486 101.149 101.822 102.385 102.887 103.253 104.169 105.013 105.590 106.055 107.951 107.966 108.433 108.563 109.116 99.303 104.093 99.817 109.306 99.723 95.875 99.964 107.508 99.223 108.850 99.115 98.956 99.867 109.025 99.604 97.119 99.918 107.424 99.482 108.809 99.418 98.309 99.906 109.340 99.681 97.296 99.936 107.660 98.765 108.926 98.584 99.995 99.801 108.863 99.557 96.627 99.885 108.598 99.483 109.252 99.406 105.967 99.800 109.324 99.733 94.132 100.029 100.511 100.357 100.557 100.026 100.449 100.505 100.060 100.545 99.957 100.377 100.439 99.956 100.592 99.882 100.576 100.637 100.218 100.524 100.100 100.504 100.514 100.464 100.558 100.120 101.223 100.825 101.443 99.814 100.838 100.963 100.150 101.471 99.882 100.614 100.719 99.914 101.460 99.736 101.238 101.357 100.523 101.490 100.165 101.306 101.365 101.064 101.440 99.722 101.968 101.157 102.496 98.968 101.343 101.591 99.819 102.523 99.288 101.504 101.818 99.414 102.575 99.066 101.053 101.151 100.471 102.493 99.726 102.068 102.176 101.623 102.492 98.537 102.590 101.436 102.971 98.922 101.756 102.020 100.087 103.291 99.465 101.903 102.265 99.504 103.302 99.095 101.494 101.574 101.021 103.282 100.187 102.707 102.905 101.907 102.948 98.190 103.152 101.647 103.577 98.510 102.359 102.753 99.849 104.291 99.008 102.516 103.018 99.222 104.444 98.685 102.079 102.288 100.854 104.206 99.638 103.156 103.371 102.281 103.526 97.835 103.549 101.862 104.665 97.376 102.803 103.400 98.997 105.071 97.860 102.710 103.462 97.803 105.344 97.065 102.974 103.310 100.976 104.926 99.527 103.481 103.627 102.888 104.636 96.717 104.564 102.325 105.552 97.148 104.292 105.133 98.949 105.434 97.738 104.014 104.940 97.954 105.653 97.202 104.796 105.497 100.587 105.317 98.838 104.091 104.228 103.530 105.560 96.353 105.501 102.744 106.344 96.980 104.876 105.788 99.114 105.857 97.857 104.618 105.587 98.282 106.200 97.512 105.345 106.161 100.478 105.685 98.549 105.071 105.324 104.044 106.378 95.782 106.154 102.976 106.925 96.682 105.199 106.174 99.058 106.263 97.723 105.090 106.121 98.367 106.614 97.572 105.397 106.274 100.181 106.087 97.988 105.785 106.130 104.387 106.971 95.245 106.696 103.085 107.148 96.614 105.066 106.006 99.150 106.901 97.718 104.941 105.926 98.512 107.140 97.688 105.293 106.153 100.176 106.774 97.704 106.580 107.095 104.502 107.164 95.086 108.872 103.655 108.360 96.192 107.032 108.306 98.918 108.022 97.245 106.968 108.295 98.249 108.363 97.306 107.148 108.329 100.000 107.849 97.025 108.435 109.195 105.372 108.383 94.734 108.802 104.080 109.302 95.847 107.399 108.733 98.901 108.710 97.106 107.300 108.677 98.237 109.045 97.241 107.581 108.838 99.973 108.539 96.724 108.246 108.813 105.971 109.344 94.084 109.342 104.201 109.487 95.875 107.755 109.113 99.107 109.261 97.254 107.654 109.057 98.417 109.536 97.397 107.942 109.218 100.226 109.118 96.851 108.778 109.456 106.056 109.501 93.925 109.450 104.435 110.074 95.586 107.843 109.247 98.900 110.105 96.870 107.773 109.208 98.335 110.413 97.240 107.968 109.320 99.780 109.946 95.908 108.933 109.546 106.467 110.069 93.783 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. Table 3.9.5 Government Consumption Expenditures and Gross Investment [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Government consumption expenditures and gross investment...................... Consumption expenditures1.............. Gross investment2........... Structures.................... Equipment and software Federal......................................... Consumption expenditures... Gross investment.................. Structures......................... Equipment and software... National defense.................... Consumption expenditures... Grass investment................. Structures......................... Equipment and software... Nondefense............................. Consumption expenditures... Gross investment.................. Structures......................... Equipment and software... State and local............................ Consumption expenditures...... Gross investment...................... Structures............................. Equipment and software 1 1,721.6 1,814.7 1,932.5 2,055.7 1,720.0 III 1,729.9 2001 IV I 1,746.9 1,783.5 II 2002 III 1,818.8 1,808.8 IV 1,847.8 I II 1,885.4 1,919.3 2003 III 1,941.5 IV I II III 1,983.9 2,017.4 2,054.2 2,072.1 IV 2,078.8 2 1,417.1 1,497.7 1,595.4 1,708.4 1,416.0 1,424.8 1,441.3 1,471.1 1,490.4 1,502.1 1,527.4 1,554.1 1,582.1 1,600.5 1,644.9 1,681.7 1,709.8 1,718.6 1,723.6 317.0 312.4 328.4 3 304.5 337.1 347.2 304.0 305.0 305.6 306.6 337.1 320.5 331.3 341.0 339.0 335.8 344.5 353.5 355.3 212.4 4 189.3 198.8 190.8 197.1 208.2 187.5 213.4 218.0 187.5 189.5 202.3 211.3 210.5 214.3 212.9 213.8 221.5 223.8 115.2 118.2 124.7 114.9 120.2 119.2 5 129.2 116.6 115.6 115.3 118.2 119.9 126.7 127.6 124.7 122.8 130.7 132.0 131.5 6 578.8 612.9 679.5 757.2 581.2 582.0 597.5 609.8 613.3 673.2 764.7 586.6 630.8 652.9 681.8 710.0 723.0 769.6 771.5 7 499.3 531.7 590.8 505.1 501.5 505.0 520.0 527.0 590.4 620.7 635.9 663.1 531.1 548.6 569.4 582.6 668.9 675.2 672.3 81.2 88.7 94.1 77.1 77.6 82.8 82.3 8 79.5 81.5 79.8 82.1 90.5 91.4 89.3 87.1 95.8 83.6 97.3 96.3 12.7 12.7 9 13.3 13.0 14.3 15.1 13.7 13.6 12.3 12.9 13.7 14.2 14.4 14.6 14.4 13.9 15.1 15.7 15.3 68.2 74.4 10 66.2 79.0 67.7 66.2 64.8 64.9 70.1 69.3 77.0 74.7 72.7 80.7 68.5 69.6 76.3 81.6 81.0 11 370.3 393.0 438.3 375.2 384.1 388.2 497.0 371.3 373.8 392.8 432.5 439.3 461.1 463.3 507.3 406.9 420.3 507.2 510.1 12 382.7 322.1 325.7 338.1 321.5 342.8 436.8 326.2 336.6 341.3 368.5 380.9 404.6 408.6 447.5 355.5 376.6 443.7 447.4 55.7 60.2 48.8 50.2 48.1 47.6 50.1 51.6 58.4 54.7 13 49.0 49.3 51.4 51.8 55.9 56.6 59.8 62.7 63.5 4.4 14 5.0 4.6 5.2 5.4 4.8 4.8 4.7 4.3 4.8 4.6 4.4 4.4 4.5 4.5 4.6 4.5 5.1 5.2 43.8 45.6 43.3 45.5 47.3 52.1 50.2 15 51.2 55.3 43.8 43.8 42.8 46.8 47.4 51.5 53.9 55.3 58.4 57.5 219.9 211.4 208.2 213.4 16 208.5 241.2 260.2 209.9 221.6 220.5 223.9 240.7 242.5 248.9 259.7 257.4 232.6 262.4 261.4 17 179.4 179.2 183.4 189.0 189.8 177.8 188.8 208.1 226.3 178.9 193.1 200.8 206.0 209.5 216.1 227.3 221.4 228.5 227.8 18 30.7 31.0 33.0 29.0 32.7 30.7 33.9 32.5 30.5 30.0 30.7 31.8 34.6 33.0 32.7 32.4 36.0 33.8 33.6 8.4 7.9 8.7 19 8.3 8.1 7.5 8.1 9.9 10.3 8.6 9.1 9.6 9.8 9.9 10.2 9.8 10.6 10.6 10.1 22.4 20 22.3 22.6 23.2 23.7 24.0 21.5 22.0 24.6 22.0 21.7 24.9 22.2 23.1 22.6 22.5 25.4 23.3 23.5 21 1,142.8 1,201.8 1,253.1 1,298.5 1,133.4 1,148.6 1,164.9 1,185.9 1,209.0 1,195.4 1,217.1 1,232.5 1,246.1 1,259.7 1,273.9 1,294.5 1,289.6 1,302.5 1,307.4 22 917.8 910.8 923.4 936.3 951.1 963.3 971.1 999.5 1,010.1 1,024.2 1,045.8 1,040.9 1,046.3 1,048.4 966.1 1,004.6 1,045.3 978.8 984.8 248.4 224.4 23 225.0 235.8 253.1 222.6 225.3 228.6 234.8 245.6 247.7 246.6 249.6 249.7 248.7 248.7 256.2 238.3 259.0 24 184.4 176.0 185.8 198.1 202.9 173.8 175.9 178.5 195.5 174.5 197.4 196.3 199.0 199.6 198.7 188.6 198.6 205.8 208.5 50.4 25 49.0 50.0 50.3 50.3 48.8 49.4 50.1 50.1 49.8 49.7 50.3 50.1 50.1 50.3 50.6 50.0 50.4 50.5 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. February 2004 S urvey of 95 C u rr e n t B u sin ess Table 3.9.6. Real Government Consumption Expenditures and Gross Investment, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2000 2003 II Government consumption expenditures and gross investment...................... Consumption expenditures'.............. Gross investment2........... Structures.................... Equipment and software Federal......................................... Consumption expenditures... Gross investment................. Structures........................ Equipment and software... National defense..................... Consumption expenditures... Gross investment.................. Structures......................... Equipment and software... Nondefense............................. Consumption expenditures... Gross investment.................. Structures......................... Equipment and software... State and local............................ Consumption expenditures...... Gross investment..................... Structures............................. Equipment and software...... Residual....................................... 1 1,721.6 1,768.9 1,836.9 1,899.5 III 2002 2001 IV 1,730.5 1,721.5 1,727.1 I II III 1,751.6 1,776.4 1,758.1 IV I 1,789.7 1,810.1 II 2003 III IV I 1,827.8 1,838.9 1,870.8 1,869.0 II III 1,902.8 1,911.1 IV 1,915.0 2 1,417.1 1,456.7 1,509.0 1,565.8 1,425.9 1,417.6 1,423.9 1,442.7 1,452.8 1,456.3 1,475.1 1,486.4 1,499.8 1,507.9 1,541.8 1,544.8 1,571.6 1,571.9 1,574.9 339.2 340.2 323.9 331.0 301.7 314.6 323.7 328.1 331.2 328.9 304.5 312.2 328.0 303.9 308.8 323.8 3 333.6 304.6 303.1 203.3 202.3 197.9 200.0 196.5 195.6 199.4 188.4 192.3 202.2 181.0 193.3 200.2 199.6 4 189.3 192.2 199.4 188.0 188.0 137.5 127.7 136.4 137.7 121.3 130.6 129.1 115.2 116.5 121.0 123.5 132.0 5 128.8 116.6 115.6 115.1 121.5 120.1 134.8 648.2 715.4 675.5 714.3 589.7 599.3 599.3 613.6 626.1 641.9 675.8 712.0 578.8 648.0 591.2 578.6 577.2 6 600.5 704.3 587.1 615.2 616.2 618.1 550.8 556.1 585.6 500.2 511.9 516.9 530.6 541.6 7 499.3 519.0 558.5 509.6 498.9 516.6 609.1 97.4 98.2 77.7 91.3 92.2 90.1 88.1 96.8 79.7 82.7 82.4 83.0 84.5 8 79.5 81.4 89.5 81.6 76.9 95.1 14.4 13.7 13.3 13.9 12.4 13.0 13.2 13.4 13.9 13.5 12.1 12.4 13.5 9 13.3 12.5 13.5 13.9 13.8 12.3 83.6 76.4 74.8 83.9 70.0 71.2 78.0 83.1 66.2 66.2 65.3 70.4 70.0 78.8 10 68.9 76.1 81.3 67.8 64.9 473.4 471.2 396.2 413.4 418.1 439.5 433.2 472.8 383.2 404.1 11 370.3 384.7 418.8 377.1 369.9 371.5 378.5 380.9 462.6 409.7 356.7 382.0 377.3 411.8 406.9 320.7 323.4 330.6 331.3 343.6 351.2 358.9 12 321.5 362.2 401.4 328.1 330.6 334.0 57.4 55.7 64.5 63.8 56.9 59.4 60.8 49.3 47.9 52.0 52.6 52.9 13 48.8 50.7 56.6 61.2 49.0 48.1 50.3 4.7 4.7 4.1 4.2 4.2 4.1 5.4 4.1 4.3 4.1 4.2 14 5.0 4.4 4.2 4.4 5.2 4.7 4.6 4.5 59.2 51.6 56.9 59.9 43.2 47.9 48.2 52.8 55.3 53.3 43.8 43.8 43.9 43.4 45.9 48.8 15 46.3 52.5 56.9 242.1 236.4 242.4 243.1 217.4 228.5 230.1 239.3 208.7 211.2 218.4 216.0 222.0 16 208.5 215.8 229.2 241.7 214.0 205.6 208.4 209.9 203.4 209.3 186.9 190.4 194.1 197.2 203.6 17 178.2 181.3 185.6 177.8 185.0 196.3 207.7 181.5 176.8 186.0 33.7 32.4 33.8 32.7 36.0 30.4 30.4 30.4 34.5 32.9 30.7 28.8 29.8 32.4 31.6 18 30.8 32.9 34.0 32.6 9.2 9.7 8.7 9.1 9.8 9.1 9.3 9.3 9.5 8.3 9.3 8.6 8.1 7.3 7.8 7.8 8.3 19 8.1 9.5 23.2 24.0 24.5 25.2 26.2 22.4 22.1 22.1 21.8 22.5 23.5 23.1 20 22.3 23.6 24.0 21.5 24.6 22.6 24.5 21 1,142.8 1,168.5 1,189.1 1,195.7 1,139.3 1,142.9 1,149.9 1,161.9 1,177.1 1,158.9 1,176.1 1,184.1 1,186.0 1,190.9 1,195.3 1,193.8 1,191.4 1,197.4 1,200.2 957.1 956.4 957.8 956.0 939.4 944.5 949.0 956.6 918.7 923.7 930.9 936.2 944.9 951.8 22 917.8 937.7 950.5 956.9 916.3 243.2 236.0 234.7 241.5 219.4 231.6 239.2 237.0 239.2 239.0 224.2 226.2 231.1 23 225.0 230.8 238.6 238.9 223.0 241.0 187.9 189.4 183.2 181.7 180.3 184.5 186.1 186.3 24 179.7 174.2 174.9 179.9 189.9 168.6 187.0 175.9 176.0 186.0 185.6 53.7 53.8 52.7 52.9 53.2 51.2 51.4 52.2 52.5 53.1 49.0 53.4 48.8 49.3 50.2 51.0 50.9 25 51.1 52.6 -1.0 -1.0 -0.4 -0.3 -0.2 -0.9 0.2 0.0 -0.1 0.0 -0.1 -0.5 0.1 -0.3 0.0 -0.1 -0.1 26 0.0 -0.8 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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. 96 Government Current Receipts and Expenditures February 2004 Table 3.10.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and General Government Gross Output [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Government consumption expenditures1............ Gross output of general government............. Value added............ Compensation of general 1 1.7 2.8 3.6 3.8 2001 IV III I 7.3 -2.3 1.8 2.9 1.1 II 5.4 2002 III IV I II 2.8 1.0 4.8 3.2 2.9 1.9 1.2 1.3 5.5 1.7 3.3 1.3 3.0 1.7 5.3 3.1 2003 IV III 3.6 22 I II III IV 9.3 0.8 7.1 0.1 0.8 3.1 1.5 7.6 2.4 1.1 1.7 7.0 1.1 0.4 0.1 0.9 0.6 2 3 2.2 1.7 3.0 1.7 3.6 1.6 3.7 1.4 6.4 3.8 -1.1 -1.2 4 1.5 1.6 1.5 1.2 4.0 -1.9 0.9 3.3 1.8 1.2 1.6 1.2 1.5 1.4 2.4 1.5 0.8 -0.4 0.2 5 2.9 2.5 2.3 2.5 2.8 2.7 2.5 2.5 2.3 2.4 2.4 2.2 2.4 2.4 2.4 2.5 2.6 2.6 2.7 6 7 8 9 3.2 2.2 5.3 2.6 5.4 3.4 5.3 5.7 7.3 3.3 4.8 8.5 7.5 4.6 2.2 9.6 11.3 0.1 2.2 16.1 -0.8 3.4 2.2 -2.2 6.2 -7.7 5.5 8.0 7.7 0.7 5.8 9.1 4.8 22.4 13.5 0.2 1.0 16.1 -4.7 1.5 12.5 -20.5 9.6 17.7 6.9 5.6 6.2 7.2 5.4 10.8 7.2 4.3 5.9 15.7 -1.0 7.4 17.1 -9.9 1.4 25.7 0.1 -11.3 0.5 1.1 17.4 42.1 7.6 18.7 1.0 1.2 -0.8 1.6 1.5 2.4 3.5 0.8 10 11 0.4 5.8 8.7 4.0 1.0 4.1 0.3 3.3 -7.9 1.9 15.4 5.8 -1.5 10.5 29.1 -0.6 22.2 2.2 -20.4 4.8 0.2 7.3 14.0 3.8 -10.3 0.4 13.6 8.2 -4.5 -1.1 -3.8 3.4 3.4 6.4 2.4 2.4 4.3 1.6 12 1.3 3.9 7.6 9.1 18.4 -8.1 1.0 9.7 3.8 0.2 11.1 8.5 7.0 3.9 22.9 1.1 20.5 0.6 1.2 13 14 1.5 0.9 3.7 0.2 7.4 1.7 8.9 3.3 16.8 8.4 -7.5 -7.1 2.8 -2.0 7.7 3.9 2.7 0.2 0.3 0.3 11.9 0.1 8.0 2.7 5.6 2.0 5.8 2.3 20.1 4.9 1.2 4.3 21.7 5.0 0.1 0.0 0.5 -0.6 15 0.8 0.1 2.0 3.8 11.2 -9.7 -2.9 5.1 0.1 0.3 -0.1 3.4 2.3 2.7 6.0 5.1 6.0 -0.6 -1.5 16 0.9 0.5 0.7 1.7 0.8 0.8 0.5 0.4 0.3 0.5 0.6 0.4 0.9 1.0 1.3 1.7 2.0 2.2 2.6 14.0 -5.4 5.6 18.1 6.7 38.2 86.2 ^*.1 0.2 29.8 -42.7 3.1 32.0 -35.5 49.1 44.2 16.0 10.9 28.3 15.4 10.9 22.2 36.4 6.9 10.7 28.3 -24.0 13.4 43.5 -18.2 -7.9 60.9 -2.5 -20.6 -10.9 0.6 46.2 88.3 45.8 42.2 0.2 1.3 -19.4 2.1 1.9 3.9 10.7 0.9 n n u e rn mIOI1 o n t1 yUVQI 1III employees Consumption of general government fixed capital2 .... Intermediate goods and services purchased3.......... Durable goods... Nondurable goods Services.............. Less: Own-account investment4............. Sales to other sectors Federal consumption expenditures........................... Gross output of general government.................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital................... Intermediate goods and services purchased.. Durable goods.... Nondurable goods.... Services.................. Less: Own-account investment.................... Sales to other sectors............ Defense consumption expenditures.................. Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital................... Intermediate goods and services purchased.. Durable goods......... Nondurable goods.... Services.................. Less: Own-account investment.................... Sales to other sectors............ Nondefense consumption expenditures................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital................... Intermediate goods and services purchased.. Durable goods Nondurable goods.... Commodity Credit Corporation inventory change............ Other nondurable goods.............. Services.................. See footnotes at the end of the table. 17 18 19 20 2.6 -0.1 11.1 2.2 9.3 2.2 9.1 10.5 21 -18.5 22.3 -0.9 -1.5 15.6 14.8 0.6 103.3 12.3 -17.9 -0.4 3.6 -8.7 22.9 -11.9 4.7 6.3 -24.2 -0.1 22 37.7 -25.5 -10.7 -5.5 -62.4 43.8 287.1 -80.1 -68.7 28.7 170.0 -33.5 -77.4 670.7 -92.0 28.8 467.0 -33.7 -65.6 23 -1.0 3.9 8.4 10.8 19.6 -8.8 3.5 9.1 0.0 0.8 15.8 9.1 6.4 2.5 28.2 -4.8 41.9 -4.7 2.8 24 25 -1.0 -0.7 4.0 0.2 8.4 1.4 10.6 3.3 16.7 1.3 -7.8 -0.1 2.0 -1.0 12.1 2.0 -2.0 -0.7 1.2 -0.5 16.2 0.7 8.9 3.1 5.9 3.3 5.3 0.4 24.1 -0.3 -4.6 6.2 42.5 8.0 -4.6 1.1 2.0 -1.1 26 -0.7 0.6 2.1 4.1 2.2 0.1 -1.1 3.1 -0.7 -0.4 1.1 4.6 4.5 0.5 -0.7 8.2 10.6 0.9 -2.1 16.1 5.4 13.2 17.9 16.5 7.5 -0.9 19.5 32.1 -2.3 -7.6 45.4 -8.3 1.1 -13.7 -9.0 11.2 -15.4 13.0 15.7 27 -0.8 -0.7 -0.2 1.0 -0.8 -0.6 -0.8 -0.6 -0.8 -0.6 -0.2 -0.6 0.2 0.2 0.6 1.2 1.2 1.4 1.7 28 29 30 31 -1.4 -0.8 4.9 -2.2 9.9 1.4 2.4 12.8 18.8 4.3 12.7 22.4 20.0 8.8 -4.5 24.0 46.2 -3.4 -13.7 72.8 -18.6 0.1 -43.8 -19.4 7.0 -17.7 -5.5 15.2 29.4 -6.6 21.4 39.3 ^ .0 40.8 45.5 -15.0 3.8 31.3 -24.8 1.5 42.7 -38.4 72.9 67.2 17.5 9.3 20.6 18.9 9.5 23.2 20.0 6.3 12.2 28.8 -28.4 13.8 62.1 -20.9 -13.4 92.2 -16.0 -18.2 30.7 -18.5 95.5 100.3 8.0 103.7 -10.4 -0.6 -48.1 -8.7 5.4 4.5 19.0 4.8 32 -17.2 27.1 28.3 4.9 10.4 4.5 13.8 125.0 -28.2 14.5 99.8 63.2 -5.7 4.7 15.5 0.2 6.3 -18.9 66.0 33 11.0 0.4 -8.5 -29.2 -97.0 575.0 -95.1 7,167.2 -95.4 101.8 47.7 -47.4 -63.4 7,911.0 -99.7 104.3 680.6 17.0 -97.1 34 5.8 4.0 6.1 5.8 16.3 -6.9 -3.2 10.6 10.8 -1.0 3.0 7.5 8.1 6.5 13.7 12.8 -11.7 11.9 -1.7 35 36 6.2 3.6 3.2 0.3 5.5 2.1 5.7 3.3 17.0 21.7 -7.1 -17.9 4.3 -3.8 0.4 7.3 11.7 1.7 -1.4 1.7 4.6 -0.9 6.2 2.0 5.1 -0.2 6.5 5.6 13.2 14.2 12.7 1.1 -9.5 0.2 10.1 -1.7 -2.2 0.4 37 3.1 -0.5 1.9 3.3 25.6 -22.2 -5.6 8.3 1.4 1.3 -1.8 1.8 -0.9 6.1 16.8 0.7 -0.5 -2.8 -0.5 38 6.0 3.8 3.0 3.4 5.6 4.8 4.1 3.4 3.4 3.4 2.9 3.1 2.8 3.1 3.1 2.9 4.0 4.1 4.7 39 40 41 10.9 8.3 8.2 12.6 11.0 18.0 9.4 -7.0 9.0 13.4 14.8 14.7 19.1 18.7 -9.7 8.5 29.8 11.3 -6.1 12.7 14.1 11.0 13.1 30.8 13.7 11.8 7.9 23.4 11.7 17.0 32.1 -42.9 -22.1 -13.4 29.8 31.8 -5.8 -3.6 8.9 9.9 18.4 6.8 22.0 10.4 4.2 11.0 1.4 10.1 33.0 11.1 19.8 16.6 10.5 -10.3 15.1 17.8 29.7 5.8 25.8 12.2 37.8 9.3 25.1 8.1 -8.2 12.7 7.7 13.8 -36.8 51.0 63.3 -32.0 39.2 31.4 3.7 -7.3 42 43 44 February 2004 S urvey of 97 C u rr e n t B u sin ess Table 3.10.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and General Government Gross Output—Continued [Percent] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Less: Own-account investment.................... Sales to other sectors............ State and local consumption expenditures........................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods......... Nondurable goods.... Services.................. Less: Own-account investment.................... Sales to other sectors............ Tuition and related educational charges........... Health and hospital charges Other sales III 2002 2001 IV I II III IV 1 II 2003 III IV I II III IV 45 -19.2 19.8 -17.5 -7.1 18.5 20.8 -5.8 92.1 41.9 -30.7 -35.7 -27.8 -11.2 41.0 -30.6 9.0 6.3 -28.9 -42.2 46 50.0 -36.5 -12.3 11.6 51.3 -28.7 1,275.9 -98.5 47.1 0.7 279.7 -25.7 -82.2 -20.7 23.5 6.5 386.8 -51.9 -4.7 47 1.9 2.2 1.4 0.7 1.7 1.0 2.2 3.1 2.3 1.4 2.2 0.2 1.8 1.2 1.9 0.6 -0.5 -0.3 0.4 48 49 2.6 2.1 2.7 2.3 2.0 1.6 1.2 0.6 2.1 1.9 1.9 1.3 2.9 2.5 3.5 2.9 3.0 2.6 1.6 1.8 2.8 2.4 1.3 0.8 1.9 1.5 1.9 1.2 2.2 1.4 1.0 0.6 0.4 -0.5 0.6 0.1 1.1 1.1 50 1.8 2.1 1.3 0.3 1.6 0.9 2.2 2.7 2.4 1.5 2.2 0.4 1.3 0.9 1.1 0.3 -1.0 -0.3 0.8 51 4.8 4.4 3.9 3.3 4.8 4.7 4.6 4.4 4.3 4.2 4.0 3.9 3.7 3.6 3.4 3.3 3.1 3.0 2.9 52 53 54 55 3.5 5.1 4.5 2.9 3.5 4.9 4.7 2.8 2.7 1.0 3.5 2.5 2.4 1.0 2.7 2.3 2.5 3.1 3.8 1.8 3.1 6.2 4.7 2.1 3.8 2.2 4.4 3.6 4.7 8.0 5.8 3.8 3.8 6.6 5.1 2.9 1.4 1.5 3.2 0.5 3.5 1.6 4.6 3.1 2.2 0.0 3.0 2.0 2.5 -1.2 2.8 2.6 3.3 1.7 3.6 3.3 3.7 1.6 3.0 4.1 1.8 1.1 2.4 1.6 2.1 0.7 2.5 2.0 1.6 1.0 2.5 1.2 1.2 0.5 2.4 0.7 56 5.7 5.7 1.4 0.7 -12.2 15.5 -2.0 15.8 24.8 -21.0 0.3 16.8 -10.7 11.3 -2.5 -5.9 2.7 10.5 5.4 57 5.1 4.9 4.4 3.4 4.8 4.9 6.2 4.3 4.7 4.4 5.2 4.9 3.1 4.3 3.4 3.1 3.6 3.3 3.3 58 4.1 2.4 1.5 2.4 2.6 4.9 3.3 1.7 2.5 0.6 1.2 2.3 0.5 1.4 2.9 2.7 2.7 2.7 2.7 59 60 4.6 6.4 6.0 4.9 5.0 5.3 2.9 4.9 5.7 4.8 4.1 6.1 6.1 8.3 7.2 1.6 5.7 4.7 6.0 4.6 5.9 6.7 6.1 4.7 3.2 4.6 4.3 6.2 2.2 5.6 2.7 3.9 2.7 5.4 2.7 4.5 2.7 4.5 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5. 98 G overnm ent C urrent Receipts and Expenditures February 2004 Table 3.10.3. Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2000 2003 II Government consumption expenditures1............ Gross output of general government............. Value added............ Compensation of general government employees Consumption of general government fixed capital2 .... Intermediate goods and services purchased3.......... Durable goods Nondurable goods Services.............. Less: Own-account investment4............. Sales to other sectors Federal consumption expenditures........................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors............ Defense consumption expenditures.................. Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital................... Intermediate goods and services purchased.. Durable goods..... Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors............ Nondefense consumption expenditures................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital................... Intermediate goods and services purchased.. Durable goods Nondurable goods.... Commodity Credit Corporation inventory change ............ Other nondurable goods.............. Services.................. See footnotes at the end of the table. III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 1 100.000 102.797 106.484 110.495 100.625 100.038 100.480 101.809 102.519 102.767 104.094 104.893 105.835 106.408 108.802 109.012 110.903 110.927 111.137 2 100.000 103.031 106.763 110.668 100.343 100.072 100.790 101.973 102.714 103.025 104.411 105.268 106.055 106.874 108.856 109.151 111.009 111.130 111.382 3 100.000 101.720 103.345 104.793 100.319 100.009 100.290 101.080 101.561 101.902 102.336 102.678 103.104 103.494 104.106 104.534 104.816 104.836 104.985 4 100.000 101.579 103.070 104.314 100.438 5 100.000 102.492 104.883 107.529 6 7 8 9 100.000 100.000 100.000 100.000 105.415 103.435 105.294 105.672 113.061 106.859 110.332 114.648 99.945 100.163 100.985 101.447 101.741 102.145 102.447 102.840 103.192 103.801 104.188 104.402 104.308 104.360 99.674 100.352 100.984 101.599 102.188 102.789 103.390 103.955 104.575 105.185 105.815 106.482 107.167 107.867 108.601 121.575 100.385 100.186 101.694 103.594 111.726 100.085 100.924 98.932 99.105 112.758 99.533 100.065 101.405 102.839 125.630 100.722 100.151 102.102 104.351 10 100.000 108.668 109.731 110.041 11 100.000 104.039 108.262 111.795 104.804 104.247 106.138 104.398 105.058 108.207 104.881 104.789 108.205 102.180 107.318 109.148 110.017 103.586 108.950 111.066 111.476 106.270 110.853 112.252 113.096 110.205 110.565 114.270 117.654 107.376 110.959 121.002 117.698 104.212 111.103 121.343 122.510 113.779 113.144 126.647 122.821 114.115 112.908 127.144 123.268 114.799 113.876 127.387 97.812 101.369 100.978 107.645 113.178 106.899 106.950 110.517 107.567 111.051 109.790 108.725 109.649 110.307 111.483 98.787 100.180 102.707 102.546 103.102 104.327 106.181 107.182 107.297 109.431 109.137 110.053 111.783 112.454 112.891 12 100.000 103.943 111.858 121.996 102.065 99.925 100.167 102.513 103.467 103.521 106.272 108.467 110.312 111.380 117.274 117.589 123.212 123.401 123.784 13 100.000 103.679 111.330 121.209 101.779 14 100.000 100.232 101.930 105.277 101.559 99.804 100.507 102.396 103.081 103.150 106.089 108.141 109.625 111.169 116.386 116.744 122.622 122.654 122.817 99.714 99.201 100.153 100.196 100.278 100.303 100.964 101.464 102.036 103.255 104.342 105.632 105.643 105.492 15 100.000 100.139 102.174 106.058 102.132 99.571 16 100.000 100.503 101.177 102.848 17 18 19 20 100.000 100.000 100.000 100.000 109.322 102.207 109.072 110.470 126.895 107.680 123.429 130.280 147.796 115.790 122.325 155.694 98.841 100.082 100.114 100.187 100.171 101.020 101.605 102.282 103.788 105.085 106.622 106.464 106.062 99.923 100.121 100.238 100.348 100.427 100.543 100.695 100.791 101.029 101.279 101.608 102.034 102.530 103.088 103.742 102.135 99.954 102.640 106.059 107.795 107.838 115.596 100.748 101.023 96.896 95.548 103.602 110.576 99.101 100.563 96.929 99.936 101.297 118.322 102.931 113.740 102.552 100.164 103.886 108.309 107.189 108.012 118.371 119.969 101.708 121.056 122.676 123.112 106.942 130.823 124.749 126.287 113.825 122.162 128.725 138.210 108.246 119.674 144.969 137.337 102.168 116.284 145.178 151.007 119.684 127.780 158.544 151.074 120.079 121.061 159.353 151.768 121.230 124.174 159.702 21 100.000 122.339 121.298 119.461 99.097 102.587 102.750 122.692 126.316 120.236 120.111 121.180 118.464 124.719 120.830 122.213 124.097 115.774 115.759 22 100.000 81.493 74.496 66.494 62.819 23 100.000 103.897 112.664 124.864 102.064 89.242 125.177 83.564 62.508 66.573 85.338 77.073 53.166 88.583 47.156 50.238 77.522 69.947 53.571 99.743 100.600 102.822 102.832 103.049 106.887 109.244 110.954 111.650 118.810 117.355 128.087 126.569 127.444 24 100.000 103.958 112.715 124.656 101.857 99.817 100.320 103.215 102.685 102.998 106.932 109.248 110.825 112.276 118.511 117.121 127.970 126.457 127.078 25 100.000 100.219 101.657 104.979 100.154 100.132 99.884 100.369 100.189 100.071 100.247 101.006 101.834 101.936 101.852 103.407 105.418 105.696 105.396 26 100.000 100.599 102.711 106.957 100.187 100.222 99.956 100.711 100.538 100.437 100.711 101.843 102.977 103.103 102.922 104.972 107.647 107.895 107.315 27 100.000 99.719 28 29 30 31 100.000 100.000 100.000 100.000 99.324 109.933 101.395 102.409 112.769 99.107 100.069 100.078 130.598 105.743 115.417 138.001 156.703 115.097 110.249 171.120 99.926 99.562 99.366 99.060 99.106 99.265 99.566 104.570 99.322 101.017 107.744 106.658 107.659 117.673 122.526 125.329 100.969 100.995 96.193 94.575 103.028 110.281 97.697 99.884 105.241 106.456 92.182 90.896 95.403 104.774 97.575 111.881 117.238 122.705 105.229 99.704 103.285 112.212 107.744 108.147 122.972 128.414 130.384 99.212 99.154 98.999 128.993 112.116 112.860 134.659 145.547 105.731 108.868 158.546 139.332 100.561 116.402 150.644 99.857 100.214 100.640 164.759 119.628 118.676 179.963 160.295 119.441 100.722 175.894 162.427 120.756 105.195 177.980 32 100.000 127.063 163.043 170.961 99.239 100.331 103.622 126.905 116.822 120.849 143.675 162.400 160.047 161.902 167.824 167.903 170.482 161.800 183.661 33 100.000 100.395 69.206 111.552 91.911 65.052 34 100.000 104.025 110.398 116.816 102.050 100.240 52.495 153.271 70.825 84.418 93.066 79.242 61.619 184.347 42.436 50.733 84.799 88.187 36.488 99.437 101.982 104.624 104.363 105.129 107.054 109.148 110.890 114.500 118.011 114.406 117.676 117.171 35 100.000 103.188 108.891 115.144 101.643 36 100.000 100.255 102.398 105.793 103.983 99.785 100.837 100.948 103.784 103.419 104.599 106.190 107.512 109.217 112.647 116.073 113.217 115.964 115.322 98.993 98.031 99.779 100.208 100.635 100.399 100.894 100.834 102.211 105.654 105.943 106.004 105.562 105.663 37 100.000 98.613 99.458 101.379 104.731 105.001 97.208 99.154 99.490 99.819 99.370 99.804 99.579 101.072 105.063 105.252 105.108 104.351 104.212 38 100.000 103.813 106.978 110.647 99.487 100.671 101.697 102.555 103.404 104.277 105.014 105.812 106.548 107.370 108.180 108.955 110.033 111.154 112.448 39 100.000 108.197 120.093 131.392 40 100.000 112.598 132.912 123.569 41 97.673 101.112 105.625 102.952 109.884 108.168 111.785 115.281 119.045 121.324 124.723 133.716 125.630 134.098 132.123 97.941 101.360 105.792 107.973 110.899 114.255 117.267 125.406 128.962 135.925 141.354 122.865 118.537 127.010 125.867 42 43 100.000 118.437 144.492 150.593 44 100.000 106.782 117.862 130.819 95.381 102.420 107.153 109.860 113.802 121.458 128.626 139.352 147.382 144.261 146.971 131.028 148.114 160.890 162.342 98.290 100.906 104.856 102.045 106.308 107.809 110.966 113.452 115.695 119.194 123.108 136.464 123.925 132.687 130.202 February 2004 S urvey of C urrent 99 B u s in e s s Table 3.10.3. Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes— Continued [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2000 2003 II Less: Own-account investment.................... Sales to other sectors............ State and local consumption expenditures........................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods......... Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors............ Tuition and related educational charges........... Health and hospital charges Other sales 45 100.000 119.786 46 100.000 63.532 98.831 55.699 91.793 62.160 III 2002 2001 IV I II III IV 99.019 103.807 102.277 120.417 131.433 119.907 107.387 87.146 80.068 154.208 53.555 58.984 59.094 82.493 I 98.980 76.582 2003 IV I II III 96.082 104.701 95.560 97.635 99.146 91.028 79.362 49.755 49.502 50.291 74.700 62.195 61.454 II III 46.958 IV 47 100.000 102.176 103.568 104.260 99.841 100.098 100.649 101.426 102.004 102.358 102.915 102.954 103.404 103.707 104.207 104.361 104.231 104.165 104.281 48 100.000 102.746 104.753 106.037 49 100.000 102.340 103.935 104.592 99.709 100.189 100.914 101.787 102.552 102.970 103.674 104.003 104.482 104.981 105.546 105.813 105.908 106.068 106.360 99.801 100.131 100.745 101.467 102.131 102.579 103.182 103.391 103.787 104.101 104.462 104.617 104.477 104.501 104.775 50 100.000 102.082 103.381 103.694 99.847 100.075 100.624 101.299 101.911 102.283 102.834 102.945 103.270 103.507 103.802 103.870 103.613 103.541 103.753 51 100.000 104.396 108.421 111.992 99.437 100.574 101.701 102.799 103.876 104.940 105.970 106.980 107.962 108.914 109.829 110.726 111.587 112.422 113.232 52 53 54 55 99.534 99.293 99.382 99.628 100.000 100.000 100.000 100.000 103.520 104.899 104.734 102.816 106.330 105.896 108.404 105.359 108.847 106.928 111.367 107.770 100.299 100.809 100.532 100.143 101.236 101.365 101.617 101.037 102.397 103.346 103.058 101.995 103.356 105.020 104.351 102.734 103.715 105.403 105.166 102.870 104.612 105.827 106.360 103.665 105.176 105.815 107.157 104.167 105.816 105.484 107.912 104.827 106.681 105.934 108.864 105.683 107.648 106.351 109.683 106.760 108.134 106.631 110.336 107.180 108.689 106.805 111.024 107.699 109.118 107.071 111.724 108.010 109.446 107.203 112.386 108.190 56 100.000 105.681 107.211 108.009 97.534 101.107 100.595 104.359 110.308 103.984 104.073 108.200 105.196 108.061 107.386 105.775 106.484 109.166 110.611 57 100.000 104.920 109.505 113.250 99.305 100.507 102.036 103.115 104.313 105.451 106.803 108.080 108.907 110.059 110.974 111.827 112.810 113.720 114.644 58 100.000 102.427 103.924 106.465 99.356 100.560 101.370 101.804 102.430 102.579 102.895 103.469 103.595 103.947 104.683 105.391 106.104 106.822 107.544 59 100.000 106.013 111.310 114.488 60 100.000 104.868 110.414 115.867 99.460 100.475 101.977 103.771 105.218 106.756 108.308 109.914 110.790 111.964 112.571 113.333 114.099 114.872 115.649 99.041 100.519 102.543 102.958 104.149 105.320 107.046 108.289 109.511 111.171 112.684 113.779 115.289 116.551 117.849 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5. 100 G overnm ent Current Receipts and Expenditures February 2004 Table 3.10.4. Price Indexes for Government Consumption Expenditures and General Government Gross Output [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Government consumption expenditures1............ Gross output of general government............. Value added............ Compensation of general nAuornmont yuvci i ii iici u employees.,, Consumption of general government fixed capital2 .... Intermediate goods and services purchased3.......... Durable goods. Nondurable goods Services.............. Less: Own-account investment4 ............. Sales to other sectors Federal consumption expenditures........................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors............ Defense consumption expenditures.................. Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 1 100.000 102.815 105.729 109.116 99.303 100.511 101.223 101.968 102.590 103.152 103.549 104.564 105.501 106.154 106.696 108.872 108.802 109.342 109.450 2 100.000 102.850 105.865 109.513 3 100.000 103.416 107.547 111.139 99.330 100.503 101.201 101.958 102.596 103.203 103.643 104.640 105.565 106.301 106.955 109.015 109.129 109.801 110.107 99.291 100.579 101.095 101.892 102.721 103.938 105.113 106.410 107.209 107.946 108.623 110.245 110.941 111.582 111.787 4 100.000 103.847 108.621 112.723 99.185 100.631 101.200 102.089 103.020 104.443 105.838 107.319 108.235 109.087 109.842 111.729 112.494 113.217 113.451 5 100.000 101.086 101.777 102.655 99.865 100.292 100.528 100.825 101.102 101.209 101.206 101.519 101.693 101.815 102.081 102.291 102.622 102.827 102.880 6 7 8 9 100.000 101.846 102.969 106.719 100.000 100.247 100.610 100.938 100.000 99.006 97.277 105.006 100.000 103.041 105.249 107.981 99.404 100.365 101.384 102.055 102.357 101.897 101.076 101.584 102.730 103.472 104.090 99.958 99.922 100.153 100.094 100.338 100.235 100.319 100.546 100.673 100.559 100.660 98.656 100.638 102.677 101.439 101.643 99.015 93.926 93.937 96.990 98.180 99.999 99.611 100.315 101.054 102.489 102.832 103.120 103.723 104.422 104.991 105.661 105.923 106.846 100.799 108.649 106.987 106.044 100.877 102.773 107.752 106.762 100.958 103.878 108.409 107.222 101.117 104.722 108.777 10 100.000 102.949 105.847 109.041 11 100.000 103.061 106.707 111.988 99.408 100.550 101.181 101.856 102.594 103.437 103.910 104.607 105.532 106.262 106.984 108.477 108.701 109.348 109.639 99.489 100.449 101.069 101.908 102.636 103.499 104.202 105.110 105.962 107.210 108.547 109.928 111.175 112.661 114.188 12 100.000 102.441 105.775 108.850 99.115 100.505 100.963 101.591 102.020 102.753 103.400 105.133 105.788 106.174 106.006 108.306 108.733 109.113 109.247 13 100.000 102.446 105.783 108.868 14 100.000 102.884 107.425 110.807 99.116 100.501 100.973 101.597 102.028 102.758 103.400 105.135 105.791 106.184 106.022 108.317 108.749 109.133 109.274 98.894 100.605 100.853 101.667 102.232 103.212 104.424 107.158 107.590 107.758 107.193 110.358 110.844 111.011 111.015 15 100.000 103.686 109.651 114.015 98.545 100.769 101.089 102.129 102.755 104.054 105.805 109.387 109.928 110.123 109.166 113.508 114.109 114.209 114.232 16 100.000 100.592 101.041 101.533 99.905 100.128 100.172 100.350 100.740 100.804 100.472 100.771 100.883 100.968 101.543 101.254 101.400 101.764 101.714 17 18 19 20 100.000 101.760 103.414 100.000 99.848 99.998 100.000 97.363 95.552 100.000 102.600 104.884 106.158 99.486 100.335 101.153 101.459 101.681 102.038 101.861 102.243 103.219 103.920 104.274 105.495 105.859 100.321 100.036 99.946 99.856 99.867 99.993 99.785 99.749 99.991 100.063 99.903 100.037 100.187 100.268 101.018 97.189 100.752 104.420 99.806 99.018 97.957 92.672 91.030 95.680 97.510 97.989 103.847 99.818 107.610 99.682 100.347 100.963 101.903 102.270 102.903 103.325 103.978 104.610 105.290 105.659 106.534 107.373 106.491 106.785 100.382 100.445 100.571 99.838 108.057 108.478 21 100.000 103.737 108.196 111.962 98.803 100.965 101.505 102.243 103.024 104.218 105.461 107.099 108.099 108.833 108.755 110.866 111.774 112.436 112.771 22 100.000 102.121 104.870 108.496 99.376 100.017 101.313 101.792 102.249 102.388 102.056 103.947 104.484 105.258 105.791 107.354 108.057 108.880 109.694 23 100.000 102.641 105.643 108.809 99.418 100.439 100.719 101.818 102.265 103.018 103.462 104.940 105.587 106.121 105.926 108.295 108.677 109.057 109.208 24 100.000 102.656 105.669 108.843 25 100.000 103.170 107.278 110.526 99.416 100.442 100.725 101.828 102.279 103.034 103.483 104.962 105.610 106.147 105.956 108.323 108.710 109.093 109.245 99.469 100.466 100.299 101.972 102.578 103.557 104.573 107.060 107.435 107.741 106.874 110.202 110.539 110.675 110.687 26 100.000 104.385 109.966 114.328 99.247 100.628 100.445 102.741 103.479 104.818 106.500 109.803 110.291 110.647 109.124 113.984 114.391 114.461 114.479 27 100.000 100.350 100.978 101.532 99.983 100.089 n r tu a r1nIII mIodn11 t fivoH yt/VCl IIA9U capital.................. Intermediate goods and services purchased.. Durable goods.... Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors............ Nondefense consumption expenditures................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital................... Intermediate goods and services purchased.. Durable goods. Nondurable goods.... Commodity Credit Corporation inventory change............ Other nondurable goods.............. Services................... See footnotes at the end of the table. 28 29 30 31 99.964 100.194 100.492 100.628 100.085 100.637 100.737 100.918 101.619 101.258 101.423 101.723 101.722 100.000 101.877 103.420 106.541 99.340 100.402 101.384 101.586 101.801 102.229 101.893 102.074 103.100 103.946 104.560 105.819 106.258 106.894 107.192 100.000 100.055 100.516 101.103 100.016 99.956 99.902 100.013 100.178 100.009 100.019 100.403 100.548 100.454 100.657 100.954 101.068 101.150 101.239 100.000 95.324 91.622 98.955 95.351 101.117 107.109 99.303 97.445 96.128 88.422 85.639 90.778 93.891 96.179 103.261 97.761 97.449 97.350 100.000 102.995 105.268 108.421 99.608 100.431 101.156 102.194 102.643 103.402 103.741 104.167 104.923 105.721 106.263 107.203 108.177 108.971 109.331 32 100.000 103.755 107.631 111.031 98.843 101.266 101.452 102.072 103.036 104.277 105.636 106.451 107.558 108.492 108.022 109.862 110.889 111.608 111.766 33 100.000 104.515 108.633 113.270 99.403 100.333 101.337 103.458 104.201 104.978 105.424 107.790 108.335 108.990 109.419 112.178 112.906 113.693 114.304 34 100.000 102.081 106.021 108.926 98.584 100.637 101.357 101.151 101.574 102.288 103.310 105.497 106.161 106.274 106.153 108.329 108.838 109.218 109.320 35 100.000 102.074 105.995 108.923 36 100.000 102.394 107.673 111.284 98.587 100.603 101.407 101.187 101.583 102.271 103.256 105.454 106.123 106.254 106.148 108.313 108.828 109.217 109.333 97.916 100.834 101.805 101.140 101.640 102.624 104.171 107.325 107.854 107.785 107.729 110.623 111.361 111.580 111.571 37 100.000 102.656 109.190 113.564 97.524 100.964 102.042 101.218 101.686 102.932 104.789 108.781 109.401 109.354 109.226 112.818 113.706 113.852 113.882 38 100.000 101.258 101.236 101.564 99.686 100.242 100.757 100.788 101.426 101.293 101.525 101.149 101.293 101.128 101.375 101.271 101.368 101.895 101.721 39 100.000 101.544 103.411 105.395 99.758 100.203 100.730 101.226 101.457 101.686 101.806 102.583 103.464 103.887 103.712 104.859 105.062 105.686 105.973 40 100.000 97.375 94.229 91.907 100.289 99.812 99.273 98.122 97.779 97.083 96.515 95.306 94.612 93.773 93.224 91.931 91.652 92.145 91.900 41 42 43 100.000 99.808 100.430 104.782 44 100.000 101.959 104.262 106.163 99.203 100.364 101.931 100.833 101.081 100.019 97.299 97.031 100.927 102.533 101.228 105.668 103.193 104.945 105.323 99.803 100.206 100.648 101.430 101.661 102.091 102.653 103.712 104.121 104.589 104.627 105.372 105.947 106.391 106.942 February 2004 101 S u r v e y o f C u r r e n t B u sin e ss Table 3.10.4. Price Indexes for Government Consumption Expenditures and General Government Gross Output—Continued [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 II Less: Own-account investment................... Sales to other sectors............ State and local consumption expenditures........................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital................... Intermediate goods and services purchased.. Durable goods......... Nondurable goods.... Services................... Less: Own-account investment................... Sales to other sectors............ Tuition and related educational charges........... Health and hospital charges Other sales...... III 2002 2001 2000 IV I II III IV I II 2003 III IV I II III IV 45 100.000 103.726 108.607 112.695 98.780 100.804 101.536 102.344 103.024 104.188 105.349 107.605 108.488 109.034 109.298 111.661 112.458 113.066 113.596 46 100.000 100.814 102.658 105.958 98.861 47 100.000 103.020 105.694 109.252 99.406 100.514 101.365 102.176 102.905 103.371 103.627 104.228 105.324 106.130 107.095 109.195 108.813 109.456 109.546 48 100.000 103.029 105.897 109.806 49 100.000 103.636 107.599 111.274 99.425 100.503 101.302 102.119 102.849 103.400 103.749 104.405 105.451 106.346 107.388 109.333 109.289 110.107 110.497 99.458 100.568 101.196 101.987 102.924 104.237 105.397 106.107 107.055 108.024 109.212 110.193 110.978 111.818 112.108 50 100.000 103.903 108.267 112.271 99.412 100.583 101.237 102.077 103.112 104.576 105.849 106.610 107.652 108.729 110.077 111.102 111.926 112.873 113.182 51 100.000 101.553 102.464 103.684 99.828 100.452 100.869 101.278 101.448 101.594 101.891 102.218 102.447 102.602 102.591 103.245 103.740 103.804 103.948 52 53 54 55 99.362 100.380 101.499 102.361 102.703 101.827 100.664 101.223 102.456 103.215 103.990 107.698 99.869 99.896 100.503 100.363 100.744 100.768 100.994 101.204 101.396 101.339 101.401 101.524 98.873 100.622 102.425 101.685 102.048 99.173 94.121 94.411 97.186 98.263 100.305 109.402 99.570 100.296 101.108 102.852 103.179 103.249 103.970 104.700 105.223 105.884 106.064 107.281 100.000 101.889 102.721 107.063 100.000 100.717 101.335 101.671 100.000 99.257 97.541 105.623 100.000 103.312 105.468 108.204 99.675 102.667 101.719 101.313 100.611 99.614 101.625 102.215 103.086 103.706 104.799 105.489 106.340 107.204 106.143 101.599 103.221 107.983 106.919 101.637 104.385 108.615 107.491 101.923 105.485 108.936 56 100.000 102.764 105.273 108.324 99.541 100.456 101.109 101.770 102.498 103.254 103.535 103.998 104.905 105.634 106.554 107.894 107.945 108.588 108.869 57 100.000 103.087 106.751 112.063 99.493 100.463 101.059 101.913 102.650 103.528 104.256 105.141 105.998 107.256 108.608 109.986 111.244 112.743 114.281 58 100.000 105.113 112.299 121.666 99.606 100.601 101.534 102.701 104.099 105.947 107.676 109.312 111.081 113.442 115.320 117.269 119.316 123.552 126.529 59 100.000 103.050 106.631 111.996 60 100.000 101.887 103.559 106.418 99.350 100.664 101.237 101.885 102.786 103.453 104.078 104.801 105.759 107.105 108.860 110.217 111.499 112.485 113.783 99.626 100.066 100.487 101.456 101.538 102.139 102.414 103.091 103.253 103.725 104.166 105.241 106.004 106.681 107.743 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and sen/ices sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5. 102 G overnm ent Current Receipts and Expenditures February 2004 Table 3.10.5. Government Consumption Expenditures and General Government Gross Output [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Government consumption expenditures1............ Gross output of general government............. Value added............ Compensation of general government employees Consumption of general government fixed capital2 .... Intermediate goods and services purchased3.......... Durable goods Nondurable goods Services.............. Less: Own-account investment4............. Sales to other sectors Federal consumption expenditures........................... Gross output of general government.................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods......... Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors............ Defense consumption expenditures.................. Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors............ Nondefense consumption expenditures.................. Gross output of general government.................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods. Nondurable goods.... Commodity Credit Corporation inventory change............ Other nondurable goods.............. Services.................. See footnotes at the end of the table. 1 1,417.1 III 1,497.7 1,595.4 1,708.4 1,416.0 2001 IV 1,424.8 2 1,662.4 1,761.6 1,878.9 2,014.6 1,656.8 1,671.9 3 1,069.6 1,125.1 1,188.8 1,245.7 1,065.4 1,075.9 I II 1,441.3 1,471.1 2002 III IV I II 2003 III IV I II III IV 1,490.4 1,502.1 1,527.4 1,554.1 1,582.1 1,600.5 1,644.9 1,695.6 1,728.3 1,751.7 1,767.4 1,084.4 1,101.6 1,115.8 1,132.8 1,798.8 1,831.0 1,150.5 1,168.6 1,861.0 1,182.2 1,888.4 1,935.3 1,977.9 2,013.6 2,028.2 2,038.5 1,194.9 1,209.5 1,232.6 1,243.7 1,251.1 1,255.2 1,681.7 1,709.8 1,718.6 1,723.6 4 903.2 952.8 1,011.2 1,062.0 899.8 908.4 915.5 931.1 943.9 959.7 976.4 993.0 1,005.3 1,016.7 1,029.8 5 166.4 172.4 177.6 183.7 165.6 167.5 168.9 170.4 171.9 173.1 174.1 175.6 176.9 178.2 179.7 181.2 6 7 8 9 592.8 44.1 145.3 403.4 636.4 45.7 151.5 439.2 690.1 47.4 156.0 486.8 768.9 49.7 172.0 547.2 591.4 44.1 142.6 404.7 596.0 44.5 146.3 405.2 611.2 43.7 151.3 416.2 626.8 43.7 151.6 431.4 636.0 46.1 156.8 433.0 634.6 47.8 151.0 435.9 648.3 45.2 146.5 456.6 662.4 45.9 148.7 467.8 678.7 47.2 156.2 475.3 693.5 48.9 157.7 487.0 725.8 47.7 161.2 516.9 10 11 18.1 227.2 20.2 243.6 21.0 262.5 21.7 284.4 17.6 223.3 18.4 228.6 18.5 235.8 19.8 237.4 21.0 240.4 20.0 245.3 20.1 251.3 20.9 255.9 20.5 258.3 21.4 266.5 12 499.3 531.7 590.8 663.1 505.1 501.5 505.0 520.0 527.0 531.1 548.6 569.4 582.6 13 14 509.2 315.4 540.8 325.2 599.6 345.3 671.9 367.9 513.6 316.8 510.7 316.4 516.7 315.5 529.7 321.1 535.5 323.0 539.6 326.4 558.5 330.3 578.9 341.2 15 233.8 242.7 261.9 282.7 235.3 234.6 233.6 238.9 240.5 243.7 247.7 16 81.6 82.5 83.4 85.2 81.5 81.8 81.9 82.2 82.6 82.7 17 18 19 20 193.8 24.0 18.9 150.9 215.6 24.5 20.1 171.0 254.3 25.9 22.3 206.1 304.0 27.9 23.4 252.7 196.9 24.2 18.5 154.2 194.3 24.3 18.5 151.6 201.2 23.2 19.8 158.2 208.6 22.9 19.1 166.5 212.4 24.9 22.2 165.4 21 3.2 4.1 4.2 4.3 3.2 3.3 3.4 4.1 22 6.6 5.0 4.6 4.5 5.4 5.9 8.4 5.6 23 321.5 342.8 382.7 436.8 326.2 322.1 325.7 336.6 24 25 324.6 199.2 346.4 205.9 386.6 217.2 440.4 231.1 328.7 198.4 325.4 200.4 328.0 199.5 341.1 203.8 26 138.9 145.9 156.9 169.9 138.2 140.1 139.5 143.8 60.3 61.2 60.3 60.2 60.0 128.4 21.4 10.2 96.8 1,051.4 1,060.7 1,066.6 1,069.3 183.0 184.5 185.9 745.3 46.3 175.4 523.6 769.9 50.6 168.9 550.4 777.1 50.8 170.4 555.9 783.3 51.2 173.2 558.9 21.3 269.1 21.3 274.8 21.6 282.3 21.8 287.8 22.1 292.8 590.4 620.7 635.9 668.9 672.3 675.2 590.5 344.3 601.0 346.7 628.2 349.1 643.8 363.1 678.9 369.2 681.5 369.8 683.3 369.3 258.3 261.1 263.3 264.9 278.8 284.4 284.2 283.2 82.6 82.9 83.2 83.4 84.2 84.3 84.8 85.6 86.1 213.3 26.5 19.1 167.7 228.2 23.8 19.9 184.5 237.7 24.4 20.8 192.4 246.2 25.7 23.7 196.8 254.3 27.3 22.5 204.4 279.2 26.0 22.2 231.0 280.7 24.6 22.8 233.2 309.7 28.8 24.1 256.7 311.7 29.0 23.0 259.7 314.0 29.3 23.4 261.3 4.2 4.1 4.1 4.2 4.1 4.4 4.2 4.4 4.5 4.2 4.2 4.2 4.5 5.8 5.3 3.7 6.2 3.3 3.6 5.5 5.0 3.9 338.1 341.3 355.5 368.5 376.6 380.9 404.6 408.6 447.5 443.7 447.4 340.9 204.7 344.4 206.4 359.1 208.8 372.2 215.4 379.9 217.9 386.8 218.7 407.5 216.8 411.8 227.0 451.5 232.1 447.7 233.0 450.6 232.4 144.6 146.3 149.0 155.4 157.8 158.5 156.1 166.2 171.1 171.6 170.7 60.1 60.1 60.1 59.8 60.0 60.1 60.2 60.8 60.7 61.0 61.4 61.7 137.3 21.1 9.9 106.3 136.2 23.0 10.7 102.5 138.0 24.6 9.8 103.7 150.3 21.8 10.3 118.3 156.8 22.3 10.5 124.0 162.0 23.6 11.6 126.8 168.0 25.1 11.1 131.9 190.7 23.7 10.9 156.1 184.8 22.6 12.5 149.6 219.4 26.9 12.1 180.4 214.7 26.9 10.2 177.6 218.2 27.2 10.7 180.3 27 60.2 60.0 28 29 30 31 125.4 22.3 10.4 92.7 140.4 22.6 10.2 107.7 169.4 23.7 11.0 134.7 209.3 25.9 11.4 172.0 130.3 22.5 10.6 97.2 125.1 22.5 9.8 92.8 32 1.1 1.5 2.0 2.2 1.1 1.2 1.2 1.5 1.4 1.4 1.7 2.0 2.0 2.0 2.1 2.1 2.1 2.0 2.3 33 1.9 2.0 1.9 1.4 1.3 2.2 1.0 3.1 1.4 1.7 1.9 1.7 1.3 3.9 0.9 1.1 1.9 2.0 0.8 34 177.8 188.8 208.1 226.3 178.9 179.4 179.2 183.4 189.0 189.8 193.1 200.8 206.0 209.5 216.1 227.3 221.4 228.5 227.8 35 36 184.6 116.2 194.4 119.3 213.1 128.1 231.5 136.8 185.0 118.3 185.3 116.0 188.8 116.0 188.5 117.3 194.6 118.3 195.2 120.0 199.4 121.5 206.7 125.8 210.6 126.4 214.2 128.0 220.7 132.2 232.1 136.2 227.4 137.2 233.8 136.9 232.7 137.0 37 94.8 96.8 105.0 112.8 97.1 94.4 94.1 95.2 95.9 97.4 98.7 102.9 103.3 104.8 108.8 112.6 113.3 112.6 112.5 38 21.4 22.5 23.1 24.0 21.2 21.6 21.9 22.1 22.4 22.6 22.8 22.9 23.1 23.2 23.4 23.6 23.8 24.2 24.4 39 40 41 68.4 1.8 8.5 75.2 1.9 9.9 85.0 2.2 11.3 94.7 2.0 12.0 66.6 1.7 7.9 69.3 1.8 8.7 72.8 1.9 9.6 71.3 1.9 9.2 76.3 1.9 11.5 75.2 2.0 9.3 77.8 2.0 9.6 80.9 2.1 10.4 84.2 2.2 12.1 86.2 2.2 11.5 88.5 2.3 11.3 95.9 2.0 10.3 90.3 1.9 12.0 96.9 2.1 12.8 95.8 2.0 12.8 42 0.8 0.8 0.1 -0.1 0.6 0.8 1.2 0.7 2.7 -0.1 0.0 0.0 0.6 0.1 -0.2 -0.3 0.3 -0.2 -0.4 43 44 7.7 58.1 9.1 63.3 11.1 71.5 12.1 80.7 7.3 57.0 7.9 58.8 8.4 61.4 8.5 60.2 8.8 62.8 9.3 64.0 9.6 66.2 10.4 68.4 11.4 70.0 11.4 72.5 11.4 74.9 10.6 83.6 11.7 76.3 13.0 82.1 13.1 81.0 February 2004 103 S u r v e y o f C u r r e n t B u sin e ss Table 3.10.5. Government Consumption Expenditures and General Government Gross Output—Continued [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Less: Own-account investment................... Sales to other sectors............ State and local consumption expenditures........................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods......... Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors ............ Tuition and related educational charges........... Health and hospital charges Other sales III 2001 IV I il 2002 III IV I II 2003 IV III II I III IV 45 2.1 2.6 2.3 2.2 2.1 2.2 2.2 2.6 2.8 2.6 2.4 2.2 2.2 2.4 2.2 2.3 2.3 2.2 1.9 46 4.7 3.0 2.7 3.1 4.0 3.7 7.3 2.5 2.8 2.8 3.9 3.6 2.4 2.3 2.4 2.5 3.7 3.1 3.1 47 917.8 966.1 1,004.6 1,045.3 910.8 923.4 936.3 951.1 1,010.1 1,024.2 1,045.8 1,040.9 1,046.3 1,048.4 48 1,153.2 1,220.8 49 754.2 799.9 1,279.3 1,342.7 843.5 877.8 1,143.1 748.6 1,161.1 759.5 1,287.4 1,307.0 860.4 848.1 1,334.0 869.4 1,334.7 874.5 1,346.7 881.3 1,355.2 885.9 779.3 664.5 673.8 772.5 776.3 782.4 786.1 50 669.4 710.1 749.3 963.3 971.1 978.8 984.8 999.5 1,178.8 1,198.6 1,216.3 768.9 780.4 792.8 1,227.8 806.4 1,240.3 820.2 1,252.1 827.4 1,270.5 838.0 703.4 716.0 728.6 734.7 744.2 681.9 692.2 753.4 764.9 51 84.8 89.9 94.2 98.5 84.2 85.6 87.0 88.3 89.3 90.4 91.5 92.7 93.8 94.7 95.5 96.9 98.1 98.9 99.8 52 53 54 55 399.0 20.1 126.4 252.5 420.8 21.2 131.4 268.2 435.8 21.5 133.6 280.6 464.9 21.8 148.6 294.5 394.5 19.9 124.2 250.5 401.7 20.2 127.8 253.6 410.0 20.4 131.6 258.0 418.2 20.8 132.5 264.9 423.5 21.2 134.6 267.7 421.4 21.3 131.9 268.2 420.2 21.4 126.6 272.2 424.7 21.5 127.9 275.4 432.5 21.5 132.5 278.5 439.3 21.5 135.2 282.6 446.6 21.6 139.0 285.9 464.6 21.7 152.5 290.3 460.2 21.8 144.8 293.7 465.4 21.8 147.4 296.2 469.3 21.9 149.8 297.6 56 14.9 16.1 16.8 17.4 14.4 15.1 15.1 15.8 16.8 16.0 16.0 16.7 16.4 17.0 17.0 17.0 17.1 17.6 17.9 57 220.6 238.6 257.8 279.9 217.9 222.7 227.4 231.8 236.1 240.8 245.6 250.6 254.6 260.3 265.8 271.2 276.8 282.8 288.9 58 44.3 47.7 51.7 57.4 43.9 44.8 45.6 46.3 47.3 48.2 49.1 50.1 51.0 52.3 53.5 54.8 56.1 58.5 60.3 59 60 105.5 70.7 115.3 75.6 125.2 80.9 135.3 87.2 104.2 69.8 106.7 71.1 108.9 72.9 111.5 73.9 114.1 74.8 116.5 76.1 118.9 77.5 121.5 79.0 123.6 80.0 126.5 81.6 129.3 83.0 131.8 84.7 134.2 86.4 136.3 87.9 138.8 89.8 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5. 104 G overnm ent C urrent Receipts and Expenditures February 2004 Table 3.10.6. Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 Government consumption expenditures1............ Gross output of general government............. value added............ Compensation of general government employees....... Consumption of general government fixed capital2 .... Intermediate goods and services purchased3.......... Durable goods..... Nondurable goods Services.............. Less: Own-account investment4............. Sales to other sectors Federal consumption expenditures........................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors............ Defense consumption expenditures.................. Gross output of general government.................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods......... Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors............ Nondefense consumption expenditures................... Gross output of general government.................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital................... Intermediate goods and services purchased.. Durable goods......... Nondurable goods.... Commodity Credit Corporation inventory change ............ Other nondurable goods.............. Services................... See footnotes at the end of the table 2001 2000 II III IV I 2002 III II 2003 IV I II III 1,475.1 1,486.4 1,499.8 1,507.9 1,712.7 1,735.7 1,089.9 1,094.6 1,749.9 1,098.2 1,763.0 1,776.6 1,102.8 1,107.0 1 1,417.1 1,456.7 1,509.0 1,565.8 1,425.9 1,417.6 1,423.9 1,442.7 1,452.8 1,456.3 2 1,662.4 3 1,069.6 1,712.8 1,088.0 1,774.8 1,105.4 1,839.7 1,120.9 1,668.1 1,073.0 1,663.6 1,069.7 1,675.5 1,072.7 1,695.2 1,081.1 1,707.5 1,086.3 I IV II III IV 1,541.8 1,544.8 1,571.6 1,571.9 1,574.9 1,809.6 1,113.5 1,814.5 1,118.1 1,845.4 1,121.1 1,847.4 1,851.6 1,121.3 1,122.9 4 903.2 917.5 930.9 942.2 907.2 902.7 904.7 912.1 916.3 918.9 922.6 925.3 928.9 932.0 937.5 941.0 943.0 942.1 942.6 5 166.4 170.5 174.5 178.9 165.8 167.0 168.0 169.0 170.0 171.0 172.0 173.0 174.0 175.0 176.1 177.2 178.3 179.5 180.7 6 7 8 9 592.8 44.1 145.3 403.4 624.9 45.6 153.0 426.3 670.2 47.1 160.3 462.5 720.7 49.3 163.8 506.8 595.1 44.1 144.6 406.3 593.9 44.5 145.4 404.0 602.8 43.6 147.3 411.9 614.1 43.7 149.4 420.9 621.3 46.0 154.2 421.1 622.8 47.7 152.4 422.7 641.4 45.1 155.9 440.3 652.2 45.7 158.3 448.0 660.8 46.9 161.1 452.8 670.4 48.6 160.7 461.0 697.4 47.3 161.2 488.1 697.7 45.9 161.4 489.5 726.2 50.2 164.4 510.9 728.1 50.3 164.1 512.9 730.7 50.6 165.5 513.9 10 11 18.1 227.2 19.7 236.4 19.9 246.0 19.9 254.0 17.7 224.4 18.3 227.6 18.3 233.3 19.5 233.0 20.5 234.2 19.3 237.0 19.4 241.2 20.0 243.5 19.5 243.8 20.1 248.6 19.9 247.9 19.7 250.0 19.8 254.0 20.0 255.5 20.2 256.5 12 499.3 519.0 558.5 609.1 509.6 498.9 500.2 511.9 516.6 516.9 530.6 541.6 550.8 556.1 585.6 587.1 615.2 616.2 618.1 13 14 509.2 315.4 527.9 316.1 566.9 321.4 617.2 332.0 518.2 320.3 508.2 314.5 511.8 312.8 521.4 315.8 524.9 316.0 525.2 316.2 540.2 316.3 550.6 318.4 558.2 320.0 566.0 321.8 592.6 325.6 594.4 329.1 624.4 333.1 624.5 333.2 625.3 332.7 15 233.8 234.1 238.8 247.9 238.7 232.8 231.1 234.0 234.0 234.2 234.2 236.1 237.5 239.1 242.6 245.6 249.2 248.9 247.9 16 81.6 82.0 82.6 83.9 81.5 81.7 81.8 81.9 81.9 82.0 82.2 82.2 82.4 82.6 82.9 83.3 83.7 84.1 84.7 17 18 19 20 193.8 24.0 18.9 150.9 211.9 24.6 20.6 166.7 245.9 25.9 23.3 196.5 286.4 27.8 23.1 234.9 197.9 24.2 19.0 154.7 193.7 24.3 18.3 151.1 198.9 23.3 18.9 156.7 205.6 23.0 19.2 163.4 208.9 24.9 22.4 161.7 209.0 26.6 19.5 163.0 224.0 23.8 21.5 178.6 232.5 24.4 22.9 185.1 238.6 25.7 24.7 188.2 244.8 27.4 23.1 194.2 267.9 26.0 22.6 218.7 266.2 24.5 22.0 219.0 292.7 28.8 24.2 239.2 292.8 28.9 22.9 240.4 294.1 29.1 23.5 240.9 21 3.2 4.0 3.9 3.9 3.2 3.3 3.3 4.0 4.1 3.9 3.9 3.9 3.8 4.0 3.9 4.0 4.0 3.7 3.7 22 6.6 4.9 4.4 4.2 5.4 5.9 8.3 5.5 4.1 4.4 5.7 5.1 3.5 5.9 3.1 3.3 5.1 4.6 3.5 23 321.5 334.0 362.2 401.4 328.1 320.7 323.4 330.6 330.6 331.3 343.6 351.2 356.7 358.9 382.0 377.3 411.8 406.9 409.7 24 25 324.6 199.2 337.4 199.6 365.8 202.5 404.6 209.1 330.6 199.5 324.0 199.4 325.6 198.9 335.0 199.9 333.3 199.5 334.3 199.3 347.1 199.7 354.6 201.2 359.7 202.8 364.4 203.0 384.7 202.9 380.1 206.0 415.4 210.0 410.4 210.5 412.5 209.9 26 138.9 139.8 142.7 148.6 139.2 139.3 138.9 139.9 139.7 139.6 139.9 141.5 143.1 143.3 143.0 145.9 149.6 149.9 149.1 27 60.2 59.8 59.7 60.3 60.3 60.2 60.1 60.0 59.8 59.8 59.7 59.6 59.7 59.7 59.8 60.0 60.1 60.4 60.6 28 29 30 31 125.4 22.3 10.4 92.7 137.9 22.6 10.7 104.6 163.8 23.5 12.0 128.0 196.5 25.6 11.5 158.7 131.1 22.5 11.1 97.6 124.6 22.5 9.6 92.4 126.7 21.4 9.5 95.8 135.1 21.1 9.9 104.0 133.8 22.9 10.9 99.9 135.0 24.6 10.2 100.3 147.6 21.8 11.7 114.0 153.7 22.2 12.2 119.1 157.2 23.4 12.8 120.9 161.8 25.0 11.8 124.9 182.5 23.5 11.3 147.0 174.7 22.4 12.1 139.7 206.6 26.6 12.4 166.9 201.0 26.6 10.5 163.1 203.7 26.9 11.0 165.0 32 1.1 1.4 1.8 1.9 1.1 1.1 1.2 1.4 1.3 1.4 1.6 1.8 1.8 1.8 1.9 1.9 1.9 1.8 2.1 33 1.9 2.0 1.8 1.3 1.3 2.2 1.0 3.0 1.4 1.6 1.8 1.5 1.2 3.6 0.8 1.0 1.7 1.7 0.7 34 177.8 185.0 196.3 207.7 181.5 178.2 176.8 181.3 186.0 185.6 186.9 190.4 194.1 197.2 203.6 209.9 203.4 209.3 208.4 35 36 184.6 116.2 190.5 116.5 201.0 119.0 212.5 122.9 187.6 120.8 184.2 115.0 186.1 113.9 186.3 115.9 191.6 116.4 190.9 116.9 193.1 116.7 196.0 117.2 198.5 117.2 201.6 118.8 207.9 122.8 214.3 123.1 209.0 123.2 214.1 122.7 212.9 122.8 37 94.8 94.3 96.1 99.3 99.6 93.5 92.2 94.0 94.3 94.6 94.2 94.6 94.4 95.8 99.6 99.8 99.7 98.9 98.8 38 21.4 22.2 22.9 23.7 21.3 21.5 21.7 21.9 22.1 22.3 22.4 22.6 22.8 22.9 23.1 23.3 23.5 23.8 24.0 39 40 41 68.4 1.8 8.5 74.0 2.0 9.9 82.1 2.3 11.2 89.9 2.2 11.4 66.8 1.7 7.9 69.2 1.8 8.7 72.3 1.9 9.5 70.4 1.9 9.3 75.2 2.0 11.8 74.0 2.0 9.2 76.5 2.1 9.5 78.9 2.2 10.5 81.4 2.3 11.8 83.0 2.4 11.2 85.3 2.5 11.1 91.5 2.2 9.7 85.9 2.1 11.6 91.7 2.2 12.2 90.4 2.2 12.2 42 0.8 0.8 0.1 -0.1 0.6 0.8 1.2 0.8 3.0 -0.1 -0.4 -0.2 0.5 0.1 -0.2 -0.4 0.3 -0.2 -0.2 43 44 7.7 58.1 9.1 62.1 11.1 68.5 11.6 76.1 7.3 57.2 7.9 58.7 8.2 61.0 8.4 59.3 8.7 61.8 9.3 62.7 9.9 64.5 10.7 66.0 11.3 67.3 11.1 69.3 11.3 71.6 10.1 79.4 11.4 72.1 12.4 77.2 12.5 75.7 February 2004 S urvey C of urrent 105 B u s in e s s Table 3.10.6. Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars—Continued [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Less: Own-account investment................... Sales to other sectors............ State and local consumption expenditures........................... Gross output of general government................. Value added................ Compensation of general government employees........... Consumption of general government fixed capital.................. Intermediate goods and services purchased.. Durable goods......... Nondurable goods.... Services.................. Less: Own-account investment................... Sales to other sectors............ Tuition and related educational charges........... Health and hospital charges Other sales...... Residual....................................... III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 45 2.1 2.5 2.1 1.9 2.1 2.2 2.1 2.5 2.8 2.5 2.3 2.1 2.0 2.2 2.0 2.0 2.1 1.9 1.7 46 4.7 3.0 2.6 2.9 4.1 3.7 7.2 2.5 2.8 2.8 3.9 3.6 2.3 2.2 2.3 2.4 3.5 2.9 2.9 47 917.8 937.7 950.5 956.9 916.3 918.7 923.7 930.9 936.2 939.4 944.5 944.9 949.0 951.8 956.4 957.8 956.6 956.0 957.1 48 1,153.2 49 754.2 1,184.9 771.9 1,163.7 1,173.8 1,182.6 759.8 765.3 770.3 1,187.5 773.7 1,195.6 778.2 1,199.4 779.8 684.7 688.4 689.2 50 669.4 683.4 1,208.0 1,222.8 1,149.8 1,155.4 752.7 755.2 783.9 788.9 692.1 694.2 668.4 669.9 673.6 678.1 682.2 1,204.9 1,210.6 1,217.2 782.8 785.2 787.9 691.3 692.9 694.9 1,220.2 1,221.3 1,223.2 1,226.5 788.2 790.2 789.0 788.0 695.3 693.6 693.1 694.6 51 84.8 88.5 91.9 95.0 84.3 85.3 86.2 87.2 88.1 89.0 89.8 90.7 91.5 92.3 93.1 93.9 94.6 95.3 96.0 52 53 54 55 399.0 20.1 126.4 252.5 413.0 21.0 132.4 259.6 424.2 21.2 137.0 266.1 434.3 21.5 140.8 272.1 397.1 19.9 125.6 251.6 400.2 20.2 127.1 252.9 403.9 20.3 128.4 255.1 408.5 20.7 130.3 257.6 412.4 21.1 131.9 259.4 413.8 21.1 132.9 259.8 417.4 21.2 134.4 261.8 419.6 21.2 135.4 263.0 422.2 21.2 136.4 264.7 425.6 21.3 137.6 266.9 429.5 21.3 138.6 269.6 431.4 21.4 139.5 270.7 433.6 21.4 140.3 272.0 435.4 21.5 141.2 272.8 436.7 21.5 142.0 273.2 56 14.9 15.7 15.9 16.1 14.5 15.0 15.0 15.5 16.4 15.5 15.5 16.1 15.6 16.1 16.0 15.7 15.8 16.2 16.4 57 220.6 231.4 241.5 249.8 219.0 221.7 225.1 227.4 230.1 232.6 235.6 238.4 240.2 242.7 244.8 246.6 248.8 250.8 252.9 58 44.3 45.4 46.1 47.2 44.0 44.6 44.9 45.1 45.4 45.5 45.6 45.9 45.9 46.1 46.4 46.7 47.0 47.3 47.7 59 60 61 105.5 70.7 0.0 111.9 74.2 -0.1 117.4 78.1 -0.4 120.8 82.0 -1.2 104.9 70.1 -0.2 106.0 71.1 -0.1 107.6 72.5 -0.1 109.5 72.8 -0.1 111.0 73.7 -0.2 112.6 74.5 -0.1 114.3 75.7 0.4 116.0 76.6 0.0 116.9 77.5 -0.6 118.1 78.6 -0.7 118.8 79.7 -0.3 119.6 80.5 -0.7 120.4 81.6 -1.0 121.2 82.4 -1.4 122.0 83.4 -1.1 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5. N ote. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Government Current Receipts and Expenditures 106 February 2004 Table 3.11.1. Percent Change From Preceding Period in Real National Defense Consumption Expenditures and Gross Investment by Type [Percent] Seasonally adjusted at annual rates Line National defense consumption expenditures and gross investment...................... Consumption expenditures1 Gross output of general government......................... Value added......................... Compensation of general government employees Military.......................... Civilian.......................... Consumption of general government fixed capital2......................... Intermediate goods and services purchased3 Durable goods................. Aircraft.......................... Missiles....................... Ships............................ Vehicles........................ Electronics................... Other durable goods Nondurable goods........... Petroleum products Ammunition................. Other nondurable goods Services........................... Research and development............ Installation support..... Weapons support Personnel support....... Transportation of material................... Travel of persons Less: Own-account investment4 Sales to other sectors.. Gross Investment5..................... Structures................................. Equipment and software.......... Aircraft.. Missiles. Ships.... Vehicles Electronics and software Other equipment.................. 2000 2001 2002 2003 2000 II III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 1 2 -0.5 -1.0 3.9 3.9 8.9 8.4 10.5 10.8 17.0 19.6 -7.4 -8.8 1.7 3.5 7.7 9.1 2.6 0.0 2.4 0.8 14.2 15.8 8.2 9.1 9.5 6.4 4.5 2.5 22.1 28.2 -5.6 -4.8 41.9 41.9 -1.3 -4.7 1.8 2.8 3 4 -1.0 -0.7 4.0 0.2 8.4 1.4 10.6 3.3 16.7 1.3 -7.8 -0.1 2.0 -1.0 12.1 2.0 -2.0 -0.7 1.2 -0.5 16.2 0.7 8.9 3.1 5.9 3.3 5.3 0.4 24.1 -0.3 -4.6 6.2 42.5 8.0 -4.6 1.1 2.0 -1.1 5 6 7 -0.7 0.9 -3.3 0.6 1.7 -1.3 2.1 3.8 -1.2 4.1 6.5 -0.5 2.2 0.1 6.1 0.1 5.7 -9.2 -1.1 1.9 -6.2 3.1 3.1 2.9 -0.7 -2.3 2.4 -0.4 -1.0 0.6 1.1 6.4 -8.2 4.6 8.0 -1.8 4.5 5.1 3.5 0.5 0.3 1.0 -0.7 -0.4 -1.3 8.2 15.0 -4.0 10.6 19.1 -5.3 0.9 -3.6 11.3 -2.1 -4.0 1.8 8 -0.8 -0.7 -0.2 1.0 -0.8 -0.6 -0.8 -0.6 -0.8 -0.6 -0.2 -0.6 0.2 0.2 0.6 1.2 1.2 1.4 1.7 9 10 11 12 13 14 15 16 17 18 19 20 21 -1.4 -0.8 -6.9 9.9 10.3 -13.3 11.6 0.4 4.9 -7.8 -5.0 21.7 -2.2 9.9 1.4 -1.4 8.5 -7.8 19.1 4.3 1.4 2.4 13.8 18.0 -13.2 12.8 18.8 4.3 0.5 -3.7 5.9 -1.6 8.7 13.9 12.7 10.8 22.6 9.3 22.4 20.0 8.8 7.0 9.9 -0.5 6.0 15.0 10.8 -4.5 -34.8 -0.7 25.2 24.0 46.2 -3.4 -31.2 60.7 21.5 344.7 16.2 0.2 -13.7 -34.2 -13.4 6.7 72.8 -18.6 0.1 27.3 -2.0 -18.0 -30.0 -37.0 -7.7 -43.8 -7.6 219.3 -61.8 -19.4 7.0 -17.7 -36.2 54.3 -34.6 14.9 43.2 -28.7 -5.5 -20.1 -27.9 34.6 15.2 29.4 -6.6 -14.0 10.5 -8.0 3.8 -11.3 1.3 21.4 97.6 0.7 -24.4 39.3 ^1.0 40.8 41.7 -12.8 62.2 33.0 26.3 87.5 45.5 -7.4 59.8 123.9 -15.0 3.8 31.3 86.6 -1.9 -7.6 78.8 11.2 -12.9 -24.8 -2.4 9.0 -52.2 1.5 42.7 -38.4 -51.2 -29.1 -55.6 -36.3 -4.5 -24.4 72.9 131.7 -6.3 82.4 67.2 17.5 9.3 -7.7 -7.4 98.7 -17.5 13.3 44.4 20.6 24.9 66.3 -2.4 18.9 9.5 23.2 29.2 -24.6 10.7 9.1 28.2 43.2 20.0 9.1 39.1 20.2 6.3 12.2 28.8 14.7 129.4 57.0 5.5 22.5 24.4 -28.4 -53.7 8.8 -16.1 13.8 62.1 -20.9 -3.4 5.6 -60.2 10.2 -47.5 -33.2 -13.4 -34.8 -31.4 27.6 92.2 -16.0 -18.2 -26.2 -57.7 36.4 10.7 64.2 -23.5 30.7 84.4 -50.6 50.6 -18.5 95.5 100.3 110.2 115.9 29.0 3.3 57.3 154.4 8.0 -60.9 174.4 64.9 103.7 -10.4 -0.6 -33.1 -7.8 2.6 -1.6 47.8 51.5 -48.1 -90.8 9.1 -17.2 -8.7 5.4 4.5 51.3 206.8 -28.6 -1.9 -47.0 -45.1 19.0 12.9 5.8 28.6 4.8 22 23 24 25 -3.3 -1.8 0.7 -1.5 15.3 7.6 20.8 15.7 29.9 9.0 24.5 30.4 21.4 2.7 31.2 33.0 82.2 21.1 369.1 110.5 -44.2 -0.1 2.5 -19.0 117.2 -7.1 28.8 -21.6 10.2 40.5 37.8 105.1 -3.9 -18.2 -21.6 -27.4 -16.3 14.3 -23.6 14.7 90.4 19.2 134.4 75.6 29.7 26.4 9.5 15.5 25.8 -18.9 -5.2 20.7 -15.2 11.4 59.2 47.5 216.7 30.5 75.6 84.5 -57.4 -28.1 -18.9 -0.9 261.8 63.4 132.5 64.3 -43.9 0.2 7.7 19.4 56.6 -42.9 -5.0 2.6 26 27 28 29 30 31 32 33 34 35 36 37 38 -6.4 -2.6 -17.2 11.0 2.5 -3.6 3.2 17.0 -5.4 -4.8 11.9 4.4 0.4 5.2 2.0 27.1 0.4 3.8 -11.6 5.6 16.4 27.6 9.5 2.4 -2.1 0.1 15.5 6.6 28.3 -8.5 11.7 -5.1 13.4 14.3 -0.2 19.6 33.3 3.1 17.3 81.2 23.4 4.9 -29.2 8.1 6.1 8.3 2.0 -1.2 9.4 23.0 6.5 11.9 -9.1 -1.5 10.4 -97.0 1.2 70.5 -4.3 -66.3 29.8 52.4 54.4 13.1 9.9 -8.2 -27.6 6.9 -21.1 -1.8 -1.3 4.5 13.8 125.0 575.0 -95.1 7,167.2 -9.1 -2.2 2.3 -41.2 -8.8 19.1 -1.5 0.5 -4.3 101.4 -50.3 10.9 -22.2 -32.8 1,008.0 22.2 -7.0 10.9 -19.1 -39.5 28.5 -14.3 20.1 -18.1 -2.4 -10.3 -32.1 17.6 6.9 -28.2 -95.4 22.5 -10.8 26.7 7.3 -6.9 15.0 53.5 -2.3 79.3 42.1 22.1 14.5 101.8 13.6 -32.2 19.4 482.9 -46.9 -26.8 -43.8 3.9 -12.4 70.5 63.9 99.8 47.7 4.6 28.1 2.6 -17.8 19.0 32.2 108.1 8.6 -8.8 -0.1 -15.2 63.2 -47.4 2.3 -17.8 4.5 -66.5 63.8 51.1 17.3 -0.4 48.2 2.6 -10.5 -6.8 -5.3 -5.7 4.7 -63.4 7,911.0 34.0 18.9 -0.2 8.5 37.5 19.8 176.8 32.0 -18.7 -40.2 18.5 16.2 101.9 120.2 1.9 18.4 33.0 20.1 7.6 10.1 15.5 -99.7 -12.6 -4.4 -13.3 10.8 60.6 4.3 -73.4 -18.5 -24.4 1,029.0 53.4 0.2 104.3 -11.2 3.3 -12.4 -40.1 -35.3 -10.0 431.4 12.5 -26.0 -7.7 3.0 6.3 680.6 42.1 -8.8 47.6 -4.2 -0.6 68.4 -24.7 6.0 146.3 -5.2 77.7 -18.9 17.0 26.4 67.0 23.5 -24.1 44.6 -1.4 -25.1 36.3 66.3 14.8 27.0 66.0 -97.1 -4.6 1.2 -5.1 232.4 80.4 -25.2 -10.1 -1.8 -47.4 1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. February 2004 107 S u r v e y o f C u r r e n t B u s in e s s Table 3.11.3. Real National Defense Consumption Expenditures and Gross Investment by Type, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II National defense consumption expenditures and gross investment..................... Consumption expenditures1.... Gross output of general government......................... Value added........................ Compensation of general government employees Military.......................... Civilian.......................... Consumption of general government fixed capital2......................... Intermediate goods and services purchased3....... Durable goods................. Aircraft.......................... Missiles........................ Ships............................ Vehicles........................ Electronics................... Other durable goods.... Nondurable goods........... Petroleum products..... Ammunition................. Other nondurable goods Services........................... Research and development............ Installation support...... Weapons support........ Personnel support....... Transportation of material................... Travel of persons......... Less: Own-account investment4 Sales to other sectors.. Gross investment5..................... Structures................................. Equipment and software.......... Aircraft.................................. Missiles................................. Ships.................................... Vehicles................................ Electronics and software..... Other equipment.................. 1 100.000 103.890 113.086 124.931 101.841 2 100.000 103.897 112.664 124.864 102.064 III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 99.901 100.334 102.202 102.871 103.491 106.995 109.132 111.647 112.894 118.672 116.972 127.675 127.247 127.831 99.743 100.600 102.822 102.832 103.049 106.887 109.244 110.954 111.650 118.810 117.355 128.087 126.569 127.444 3 100.000 103.958 112.715 124.656 101.857 99.817 100.320 103.215 102.685 102.998 106.932 109.248 110.825 112.276 118.511 117.121 127.970 126.457 127.078 4 100.000 100.219 101.657 104.979 100.154 100.132 99.884 100.369 100.189 100.071 100.247 101.006 101.834 101.936 101.852 103.407 105.418 105.696 105.396 5 100.000 100.599 102.711 106.957 100.187 100.222 99.956 100.711 100.538 100.437 100.711 101.843 102.977 103.103 102.922 104.972 107.647 107.895 107.315 6 100.000 101.661 105.559 112.449 99.199 100.582 101.056 101.830 101.244 101.002 102.569 104.572 105.876 105.943 105.844 109.596 114.481 113.432 112.287 7 100.000 98.664 97.525 97.021 101.985 99.559 97.966 98.675 99.255 99.413 97.315 96.868 97.696 97.933 97.605 96.605 95.297 97.873 98.308 8 100.000 99.107 100.069 100.078 99.926 99.719 99.562 99.366 99.212 99.154 98.999 99.060 99.106 99.265 99.566 9 10 11 12 13 14 15 16 17 18 19 20 21 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 109.933 101.395 98.584 108.529 92.239 119.134 104.345 101.413 102.409 113.769 117.995 86.815 112.769 99.324 130.598 105.743 99.084 104.555 97.673 117.256 113.412 115.544 115.417 126.032 144.610 94.890 138.001 156.703 115.097 106.069 114.914 97.180 124.315 130.382 127.999 110.249 82.147 143.655 118.772 171.120 104.570 100.969 97.339 100.197 106.397 112.664 104.475 103.090 106.456 99.559 86.859 119.764 105.229 99.322 100.995 103.396 99.694 101.234 103.059 93.083 101.035 92.182 97.603 116.108 78.178 99.704 101.017 96.193 92.395 111.114 91.027 106.695 101.818 92.846 90.896 92.291 106.982 84.207 103.285 107.744 94.575 88.972 113.932 89.151 107.684 98.800 93.150 95.403 109.426 107.180 78.524 112.212 106.658 103.028 97.070 110.102 100.614 115.649 104.735 109.006 104.774 107.339 120.510 96.049 107.744 107.659 110.281 113.458 109.562 98.652 133.730 107.542 105.297 97.575 106.687 123.147 79.872 108.147 117.673 97.697 94.834 100.519 80.540 119.475 106.305 98.197 111.881 131.625 121.145 92.816 122.972 122.526 99.884 92.960 98.606 95.619 113.865 109.677 107.641 117.238 139.161 137.574 92.263 128.414 125.329 105.241 99.116 91.886 98.074 116.367 116.696 117.760 122.705 142.224 149.396 96.598 130.384 128.993 112.116 102.565 113.083 109.782 117.941 122.770 124.358 112.860 117.327 152.592 92.450 134.659 145.547 105.731 101.694 114.645 87.218 120.849 104.505 112.420 108.868 105.415 138.879 98.250 158.546 139.332 100.561 94.260 92.447 94.252 123.956 118.306 105.132 116.402 122.835 116.409 108.835 150.644 164.759 119.628 113.493 112.061 100.450 124.974 132.487 132.771 118.676 97.118 149.819 123.325 179.963 160.295 119.441 102.660 109.812 101.091 124.469 146.082 147.301 100.722 53.495 153.106 117.650 175.894 162.427 120.756 113.861 145.337 92.928 123.862 124.651 126.793 105.195 55.138 155.287 125.280 177.980 22 23 24 25 100.000 100.000 100.000 100.000 115.343 107.586 120.816 115.738 149.845 117.306 150.385 150.890 181.847 120.465 197.250 200.758 105.990 91.595 111.190 113.920 101.670 101.638 99.771 108.633 106.445 107.114 114.112 123.639 108.944 103.364 97.248 116.385 112.802 103.300 116.326 107.426 107.905 106.812 108.745 111.173 126.746 111.599 134.553 127.969 135.267 118.327 137.625 132.666 143.249 112.273 135.802 139.051 137.476 115.348 152.535 153.241 183.390 123.275 175.579 178.602 148.200 113.521 166.638 178.196 204.388 128.343 205.778 201.734 176.909 128.400 209.626 210.877 197.892 111.596 206.958 212.224 26 27 28 29 30 31 32 33 34 35 36 37 38 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 105.248 102.003 127.063 100.395 103.833 88.386 105.627 116.354 127.596 109.536 102.418 97.864 100.135 121.575 108.722 163.043 91.911 116.016 83.881 119.829 132.957 127.372 130.974 136.566 100.852 117.451 220.290 134.172 170.961 65.052 125.405 88.991 129.738 135.587 125.787 143.246 167.980 107.372 131.414 102.412 101.591 99.239 69.206 100.385 104.312 99.943 88.807 88.997 102.832 108.642 101.550 104.351 97.912 96.589 116.822 70.825 103.134 90.615 104.581 92.789 135.618 112.842 107.693 96.741 106.045 106.897 101.539 120.849 84.418 106.483 82.219 109.322 144.177 115.767 104.392 93.239 97.682 102.598 122.155 114.897 143.675 93.066 107.680 87.476 110.024 137.281 120.921 111.941 111.991 99.722 100.257 122.111 110.251 162.400 79.242 108.288 83.286 111.230 104.465 136.801 124.114 116.558 99.632 110.625 122.896 108.327 160.047 61.619 116.501 83.245 120.452 134.741 129.881 129.483 138.943 100.107 118.807 119.544 106.857 161.902 184.347 121.655 84.968 126.023 144.432 114.224 134.442 169.246 104.433 124.384 121.749 109.455 167.824 42.436 117.620 84.027 121.611 148.189 128.584 135.856 121.517 99.237 115.989 223.170 121.817 167.903 50.733 114.165 84.714 117.644 130.372 115.328 132.320 184.494 102.201 107.564 218.729 122.727 170.482 84.799 124.649 82.781 129.677 128.995 115.169 150.737 171.848 103.700 134.754 215.850 141.706 161.800 88.187 132.174 94.099 136.701 120.403 126.286 150.225 159.883 112.048 153.023 223.410 150.438 183.661 36.488 130.633 94.372 134.932 162.579 146.366 139.702 155.695 111.539 130.316 100.242 101.120 100.331 111.552 100.960 108.980 100.056 105.794 80.591 100.979 103.035 97.703 101.545 92.469 95.310 103.622 52.495 98.576 95.418 98.950 88.837 147.035 103.633 90.862 102.280 92.194 94.027 94.989 126.905 153.271 98.035 93.236 98.580 91.169 138.078 108.970 96.748 97.310 91.641 99.857 100.214 100.640 1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. Government Current Receipts and Expenditures 108 February 2004 Table 3.11.4. Price Indexes for National Defense Consumption Expenditures and Gross Investment by Type [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 II National defense consumption expenditures and gross investment...................... Consumption expenditures1.... Gross output of general government.......................... Value added......................... Compensation of general government employees Military.......................... Civilian.......................... Consumption of general government fixed capital2........................ Intermediate goods and services purchased3 ....... Durable goods................. Aircraft.......................... Missiles........................ Ships............................ Vehicles....................... Electronics.................... Other durable goods.... Nondurable goods........... Petroleum products..... Ammunition................. Other nondurable goods Services........................... Research and development............ Installation support...... Weapons support........ Personnel support....... Transportation of material................... Travel of persons......... Less; Own-account investment4 Sales to other sectors.. Gross investment5..................... Structures................................. Equipment and software.......... Aircraft.................................. Missiles................................. Ships.................................... Vehicles................................ Electronics and software..... Other equipment.................. 2001 2000 III IV I II 2002 III IV I II 2003 III IV I II III IV 1 100.000 102.158 104.666 107.424 2 100.000 102.641 105.643 108.809 99.482 100.377 100.614 101.504 101.903 102.516 102.710 104.014 104.618 105.090 104.941 106.968 107.300 107.654 107.773 99.418 100.439 100.719 101.818 102.265 103.018 103.462 104.940 105.587 106.121 105.926 108.295 108.677 109.057 109.208 3 100.000 102.656 105.669 108.843 4 100.000 103.170 107.278 110.526 99.416 100.442 100.725 101.828 102.279 103.034 103.483 104.962 105.610 106.147 105.956 108.323 108.710 109.093 109.245 99.469 100.466 100.299 101.972 102.578 103.557 104.573 107.060 107.435 107.741 106.874 110.202 110.539 110.675 110.687 5 100.000 104.385 109.966 114.328 6 100.000 105.014 109.978 114.167 7 100.000 103.231 109.991 114.689 99.247 100.628 100.445 102.741 103.479 104.818 106.500 109.803 110.291 110.647 109.124 113.984 114.391 114.461 114.479 99.937 100.587 99.602 103.381 104.103 105.510 107.063 109.990 110.403 110.987 108.533 114.014 114.193 114.228 114.233 97.998 100.693 101.993 101.555 102.334 103.556 105.477 109.493 110.121 110.028 110.323 113.941 114.827 114.973 115.016 8 100.000 100.350 100.978 101.532 99.983 100.089 99.964 100.194 100.492 100.628 100.085 100.637 100.737 100.918 101.619 101.258 101.423 101.723 101.722 9 10 11 12 13 14 15 16 17 18 19 20 21 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 101.877 100.055 100.611 99.466 100.682 99.860 97.968 100.392 95.324 87.789 99.754 100.931 102.995 103.420 100.516 100.822 101.843 100.673 107.953 96.354 100.403 91.622 78.660 99.551 101.616 105.268 106.541 99.340 100.402 101.384 101.586 101.801 102.229 101.893 101.103 100.016 99.956 99.902 100.013 100.178 100.009 100.019 102.500 99.858 100.230 100.314 100.697 100.725 100.493 100.528 102.648 100.822 98.863 98.674 98.410 99.196 100.001 100.258 99.775 99.533 100.115 100.344 100.763 100.749 100.601 100.613 110.138 99.968 97.823 97.445 98.179 100.443 100.054 100.765 94.653 100.139 100.042 99.532 98.678 98.309 97.648 97.238 100.429 99.962 100.168 100.169 100.445 100.523 100.319 100.281 98.955 95.351 101.117 107.109 99.303 97.445 96.128 88.422 94.152 88.756 102.631 116.904 97.229 92.008 89.291 72.626 100.646 99.579 99.943 100.003 100.433 100.120 99.410 99.054 102.077 99.745 100.281 100.503 100.804 101.530 101.121 100.270 108.421 99.608 100.431 101.156 102.194 102.643 103.402 103.741 22 23 24 25 100.000 100.000 100.000 100.000 101.792 102.743 102.703 103.992 103.472 105.093 104.517 107.324 105.625 109.285 106.750 110.672 101.220 102.049 101.966 102.747 101.682 102.268 102.276 103.472 101.983 103.356 103.048 104.293 26 27 28 29 30 31 32 33 34 35 36 37 38 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 104.962 105.142 103.755 104.515 98.986 103.916 98.478 94.099 97.426 99.934 98.386 98.363 100.624 108.587 104.506 107.631 108.633 98.279 106.402 97.494 90.872 96.547 100.533 97.633 96.194 100.890 115.870 99.288 101.001 103.110 103.323 105.046 98.820 99.351 103.788 105.471 111.031 98.843 101.266 101.452 102.072 113.270 99.403 100.333 101.337 103.458 98.309 99.906 99.956 99.914 99.414 109.340 99.681 100.592 101.460 102.575 97.296 99.936 99.882 99.736 99.066 90.371 100.133 98.722 98.162 96.199 98.025 100.326 99.920 99.436 98.316 100.930 99.872 100.499 100.092 99.921 97.597 99.364 97.475 99.691 98.479 94.375 99.767 100.339 100.066 98.869 101.207 99.993 100.164 100.204 100.604 103.658 106.020 103.036 104.201 99.504 103.302 99.095 96.138 97.169 100.207 98.237 99.039 100.736 105.875 105.981 104.277 104.978 99.222 104.444 98.685 95.236 97.149 100.055 98.244 98.041 100.610 99.800 99.585 99.801 99.546 100.311 100.627 100.384 100.475 100.774 100.787 101.022 101.164 102.074 100.403 100.720 100.909 100.610 105.658 97.008 100.525 85.639 66.261 99.583 100.385 104.167 103.100 100.548 100.751 101.394 100.564 109.592 96.695 100.426 90.778 76.538 99.534 101.516 104.923 103.946 100.454 100.817 102.308 100.618 106.364 96.046 100.402 93.891 83.433 99.477 101.893 105.721 104.560 100.657 101.000 102.761 100.901 110.198 95.669 100.257 96.179 88.406 99.609 102.668 106.263 105.819 100.954 101.969 102.725 98.844 111.601 95.043 100.396 103.261 106.137 99.694 102.685 107.203 106.258 101.068 102.301 103.092 98.787 110.278 94.794 100.523 97.761 92.241 100.141 101.654 108.177 106.894 101.150 102.865 101.934 100.562 108.237 94.504 100.547 97.449 89.385 101.162 102.080 108.971 107.192 101.239 102.864 102.841 100.905 110.435 94.270 100.249 97.350 88.846 101.588 101.890 109.331 102.282 103.297 103.524 105.454 102.664 103.343 103.883 106.394 103.166 104.399 104.372 107.049 103.784 106.140 104.681 107.514 104.272 106.489 105.133 108.339 104.923 107.720 105.811 109.732 105.434 108.875 106.488 110.323 105.818 110.090 107.063 110.876 106.324 110.456 107.636 111.758 106.992 103.095 105.636 105.424 97.803 105.344 97.065 88.825 97.072 99.554 98.585 97.502 100.545 106.303 103.998 106.451 107.790 97.954 105.653 97.202 89.593 97.197 99.691 98.191 96.563 100.846 107.463 105.627 107.558 108.335 98.282 106.200 97.512 90.389 96.649 100.210 98.845 96.621 100.964 109.267 104.858 108.492 108.990 98.367 106.614 97.572 91.351 96.223 101.082 95.961 96.031 100.955 111.316 103.543 108.022 109.419 98.512 107.140 97.688 92.153 96.119 101.151 97.534 95.559 100.796 111.410 103.745 109.862 112.178 98.249 108.363 97.306 90.514 96.979 100.868 97.130 94.800 101.165 115.756 105.686 110.889 112.906 98.237 109.045 97.241 89.957 97.759 100.519 97.928 94.613 101.289 119.110 106.336 111.608 113.693 98.417 109.536 97.397 91.010 97.985 100.659 97.337 94.520 101.288 117.203 104.415 111.766 114.304 98.335 110.413 97.240 90.005 99.378 101.672 97.993 93.568 101.086 1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. February 2004 109 S u r v e y o f C u r r e n t B u s in e s s Table 3.11.5. National Defense Consumption Expenditures and Gross Investment by Type [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II National defense consumption expenditures and gross investment...................... Consumption expenditures1.... Gross output of general government.......................... Value added........................ Compensation of general government employees Military.......................... Civilian.......................... Consumption of general government fixed capital2......................... Intermediate goods and services purchased3 .... Durable goods................. Aircraft.......................... Missiles........................ Ships............................ Vehicles........................ Electronics.................... Other durable goods.... Nondurable goods........... Petroleum products..... Ammunition.................. Other nondurable goods Services........................... Research and development............ Installation support.. Weapons support....... Personnel support... Transportation of material................... Travel of persons......... Less: Own-account investment4 Sales to other sectors.. Gross investment5...................... Structures................................. Equipment and software.......... Aircraft.................................. Missiles................................. Ships.................................... Vehicles................................ Electronics and software..... Other equipment.................. 2002 2001 III IV I II III IV I II 2003 III IV I II III IV 1 2 370.3 321.5 393.0 342.8 438.3 382.7 497.0 436.8 375.2 326.2 371.3 322.1 373.8 325.7 384.1 336.6 388.2 338.1 392.8 341.3 406.9 355.5 420.3 368.5 432.5 376.6 439.3 380.9 461.1 404.6 463.3 408.6 507.3 447.5 507.2 443.7 510.1 447.4 3 4 324.6 199.2 346.4 205.9 386.6 217.2 440.4 231.1 328.7 198.4 325.4 200.4 328.0 199.5 341.1 203.8 340.9 204.7 344.4 206.4 359.1 208.8 372.2 215.4 379.9 217.9 386.8 218.7 407.5 216.8 411.8 227.0 451.5 232.1 447.7 233.0 450.6 232.4 5 6 7 138.9 89.4 49.5 145.9 95.5 50.4 156.9 103.8 53.1 169.9 114.8 55.1 138.2 88.7 49.5 140.1 90.5 49.7 139.5 90.0 49.5 143.8 94.1 49.6 144.6 94.2 50.3 146.3 95.3 51.0 149.0 98.2 50.8 155.4 102.9 52.5 157.8 104.5 53.3 158.5 105.1 53.4 156.1 102.7 53.3 166.2 111.7 54.5 171.1 116.9 54.2 171.6 115.9 55.7 170.7 114.7 56.0 8 60.2 60.0 60.3 61.2 60.3 60.2 60.0 60.1 60.1 60.1 59.8 60.0 60.1 60.2 60.8 60.7 61.0 61.4 61.7 9 10 11 12 13 14 15 16 17 18 19 20 21 125.4 22.3 9.8 2.5 1.3 0.8 2.9 5.0 10.4 4.1 1.8 4.6 92.7 140.4 22.6 9.7 2.6 1.2 0.9 3.0 5.1 10.2 4.0 2.1 4.0 107.7 169.4 23.7 9.8 2.6 1.3 1.0 3.2 5.8 11.0 4.0 2.6 4.4 134.7 209.3 25.9 10.7 2.9 1.3 1.1 3.6 6.4 11.4 3.2 2.6 5.5 172.0 130.3 22.5 9.6 2.5 1.4 0.9 3.1 5.1 10.6 3.6 1.6 5.4 97.2 125.1 22.5 10.2 2.4 1.3 0.8 2.7 5.0 9.8 4.1 2.1 3.6 92.8 128.4 21.4 9.1 2.7 1.2 0.8 3.0 4.6 10.2 4.4 1.9 3.9 96.8 137.3 21.1 8.8 2.8 1.2 0.8 2.8 4.7 9.9 4.3 2.0 3.6 106.3 136.2 23.0 9.6 2.7 1.3 0.9 3.0 5.4 10.7 4.0 2.2 4.4 102.5 138.0 24.6 11.2 2.7 1.3 1.0 3.1 5.3 9.8 3.9 2.2 3.7 103.7 150.3 21.8 9.4 2.5 1.1 0.9 3.0 4.9 10.3 3.9 2.2 4.2 118.3 156.8 22.3 9.2 2.4 1.3 0.9 3.1 5.4 10.5 3.8 2.5 4.2 124.0 162.0 23.6 9.8 2.3 1.3 1.0 3.3 5.9 11.6 4.5 2.7 4.5 126.8 168.0 25.1 10.2 2.8 1.5 1.0 3.4 6.2 11.1 4.0 2.8 4.3 131.9 190.7 23.7 10.1 2.9 1.2 1.0 2.9 5.6 10.9 3.8 2.5 4.6 156.1 184.8 22.6 9.4 2.3 1.2 1.1 3.3 5.2 12.5 5.3 2.1 5.1 149.6 219.4 26.9 11.4 2.8 1.3 1.1 3.7 6.6 12.1 3.7 2.7 5.7 180.4 214.7 26.9 10.4 2.7 1.3 1.0 4.0 7.4 10.2 2.0 2.8 5.5 177.6 218.2 27.2 11.5 3.7 1.2 1.1 3.4 6.3 10.7 2.0 2.9 5.8 180.3 22 23 24 25 26.3 24.9 9.6 22.9 30.8 27.5 11.9 27.6 40.7 30.7 15.1 37.2 50.4 32.8 20.2 51.0 27.8 25.2 10.2 24.9 24.1 25.5 10.3 23.8 29.4 25.1 11.0 22.6 30.3 27.6 12.1 27.4 30.1 26.3 11.4 25.5 28.9 27.5 10.7 26.6 34.1 28.7 13.4 31.0 36.5 30.5 13.7 32.4 38.8 29.2 13.6 34.1 37.5 30.5 15.3 37.8 50.2 32.7 17.7 44.4 40.8 30.5 16.9 44.8 56.6 34.8 21.0 51.0 49.1 35.2 21.5 53.6 55.2 30.7 21.3 54.4 26 27 28 29 30 31 32 33 34 35 36 37 38 4.3 4.7 1.1 1.9 48.8 5.0 43.8 7.8 2.7 6.6 1.8 10.1 14.9 4.7 5.0 1.5 2.0 50.2 4.6 45.6 8.5 3.3 7.2 1.8 9.7 15.0 5.7 5.3 2.0 1.9 55.7 4.4 51.2 9.4 3.3 8.7 2.4 9.8 17.6 11.0 6.6 2.2 1.4 60.2 4.8 55.3 9.5 3.3 9.5 3.0 10.2 19.8 4.4 4.7 1.1 1.3 49.0 5.2 43.8 6.9 2.4 6.8 2.0 10.2 15.5 4.4 4.7 1.2 2.2 49.3 5.4 43.8 8.1 2.2 6.7 1.8 9.9 15.1 4.1 4.6 1.2 1.0 48.1 4.8 43.3 6.8 3.9 6.8 1.7 10.3 13.7 4.2 4.7 1.5 3.1 47.6 4.8 42.8 6.8 3.7 7.2 1.7 9.7 13.7 4.4 4.8 1.4 1.4 50.1 4.7 45.5 7.0 3.5 7.4 1.9 9.7 15.9 4.9 5.1 1.4 1.7 51.6 4.3 47.3 10.7 3.0 6.9 1.7 9.7 15.4 5.6 5.6 1.7 1.9 51.4 4.6 46.8 9.5 3.2 7.3 2.0 9.8 15.0 5.6 5.4 2.0 1.7 51.8 4.4 47.4 7.3 3.6 8.1 2.1 9.7 16.6 5.7 5.4 2.0 1.3 55.9 4.4 51.5 9.4 3.4 8.5 2.5 9.8 17.8 5.6 5.3 2.0 3.9 58.4 4.5 53.9 10.2 3.0 8.9 3.0 10.1 18.7 5.8 5.3 2.1 0.9 56.6 4.5 52.1 10.6 3.3 9.0 2.2 9.6 17.4 10.7 5.9 2.1 1.1 54.7 4.6 50.2 9.1 3.0 8.8 3.3 9.8 16.2 10.9 6.1 2.1 1.9 59.8 4.5 55.3 9.0 3.0 10.0 3.1 9.9 20.3 11.1 7.1 2.0 2.0 63.5 5.1 58.4 8.5 3.3 10.0 2.9 10.7 23.1 11.3 7.4 2.3 0.8 62.7 5.2 57.5 11.3 3.9 9.3 2.8 10.6 19.6 1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and sen/ices sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 110 Government Current Receipts and Expenditures February 2004 Table 3.11.6. Real National Defense Consumption Expenditures and Gross Investment by Type, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 National defense consumption expenditures and gross investment..................... Consumption expenditures1.... Gross output of general government.......................... Value added......................... Compensation of general government employees Military.......................... Civilian.......................... Consumption of general government fixed capital2......................... Intermediate goods and services purchased3....... Durable goods................. Aircraft.......................... Missiles........................ Ships............................ Vehicles........................ Electronics................... Other durable goods.... Nondurable goods........... Petroleum products..... Ammunition................. Other nondurable goods Services........................... Research and development............ Installation support...... Weapons support........ Personnel support....... Transportation of material................... Travel of persons......... Less: Own-account investment4 Sales to other sectors.. Gross investment5...................... Structures................................. Equipment and software.......... Aircraft.................................. Missiles................................. Ships.................................... Vehicles................................ Electronics and software..... Other equipment.................. Residual....................................... 2001 2000 II III IV I II 2002 III IV I II 2003 III IV 1 II III IV 1 2 370.3 321.5 384.7 334.0 418.8 362.2 462.6 401.4 377.1 328.1 369.9 320.7 371.5 323.4 378.5 330.6 380.9 330.6 383.2 331.3 396.2 343.6 404.1 351.2 413.4 356.7 418.1 358.9 439.5 382.0 433.2 377.3 472.8 411.8 471.2 406.9 473.4 409.7 3 4 324.6 199.2 337.4 199.6 365.8 202.5 404.6 209.1 330.6 199.5 324.0 199.4 325.6 198.9 335.0 199.9 333.3 199.5 334.3 199.3 347.1 199.7 354.6 201.2 359.7 202.8 364.4 203.0 384.7 202.9 380.1 206.0 415.4 210.0 410.4 210.5 412.5 209.9 5 6 7 138.9 89.4 49.5 139.8 90.9 48.9 142.7 94.4 48.3 148.6 100.6 48.0 139.2 88.7 50.5 139.3 89.9 49.3 138.9 90.4 48.5 139.9 91.1 48.9 139.7 90.5 49.2 139.6 90.3 49.2 139.9 91.7 48.2 141.5 93.5 48.0 143.1 94.7 48.4 143.3 94.7 48.5 143.0 94.7 48.3 145.9 98.0 47.8 149.6 102.4 47.2 149.9 101.4 48.5 149.1 100.4 48.7 8 60.2 59.8 59.7 60.3 60.3 60.2 60.1 60.0 59.8 59.8 59.7 59.6 59.7 59.7 59.8 60.0 60.1 60.4 60.6 9 10 11 12 13 14 15 16 17 18 19 20 21 125.4 22.3 9.8 2.5 1.3 0.8 2.9 5.0 10.4 4.1 1.8 4.6 92.7 137.9 22.6 9.7 2.7 1.2 0.9 3.0 5.0 10.7 4.6 2.1 4.0 104.6 163.8 23.5 9.7 2.6 1.3 0.9 3.3 5.7 12.0 5.1 2.6 4.3 128.0 196.5 25.6 10.4 2.8 1.3 1.0 3.8 6.4 11.5 3.3 2.6 5.4 158.7 131.1 22.5 9.6 2.5 1.4 0.9 3.1 5.1 11.1 4.0 1.6 5.5 97.6 124.6 22.5 10.2 2.4 1.3 0.8 2.7 5.0 9.6 4.0 2.1 3.6 92.4 126.7 21.4 9.1 2.7 1.2 0.8 3.0 4.6 9.5 3.7 1.9 3.8 95.8 135.1 21.1 8.7 2.8 1.2 0.8 2.9 4.6 9.9 4.4 1.9 3.6 104.0 133.8 22.9 9.5 2.7 1.3 0.9 3.1 5.4 10.9 4.3 2.2 4.4 99.9 135.0 24.6 11.1 2.7 1.3 1.0 3.1 5.2 10.2 4.3 2.2 3.6 100.3 147.6 21.8 9.3 2.5 1.1 0.9 3.1 4.9 11.7 5.3 2.2 4.2 114.0 153.7 22.2 9.1 2.4 1.3 0.9 3.2 5.4 12.2 5.6 2.5 4.2 119.1 157.2 23.4 9.7 2.3 1.3 0.9 3.4 5.9 12.8 5.8 2.7 4.4 120.9 161.8 25.0 10.1 2.8 1.4 0.9 3.6 6.2 11.8 4.8 2.8 4.2 124.9 182.5 23.5 10.0 2.8 1.2 0.9 3.1 5.6 11.3 4.3 2.5 4.5 147.0 174.7 22.4 9.3 2.3 1.2 1.0 3.5 5.2 12.1 5.0 2.1 5.0 139.7 206.6 26.6 11.2 2.7 1.3 1.0 3.9 6.6 12.4 3.9 2.7 5.6 166.9 201.0 26.6 10.1 2.7 1.3 1.0 4.3 7.3 10.5 2.2 2.8 5.4 163.1 203.7 26.9 11.2 3.6 1.2 1.0 3.6 6.3 11.0 2.2 2.8 5.7 165.0 22 23 24 25 26.3 24.9 9.6 22.9 30.3 26.8 11.6 26.6 39.4 29.2 14.4 34.6 47.8 30.0 18.9 46.1 27.8 25.3 10.2 25.0 24.1 25.3 10.3 23.7 29.2 24.9 10.9 22.3 29.9 27.1 11.9 26.7 29.6 25.7 11.1 24.7 28.3 26.6 10.4 25.5 33.3 27.8 12.9 29.4 35.5 29.5 13.2 30.4 37.6 28.0 13.0 31.9 36.1 28.7 14.6 35.2 48.2 30.7 16.8 41.0 38.9 28.3 16.0 40.9 53.7 32.0 19.7 46.3 46.5 32.0 20.1 48.4 52.0 27.8 19.8 48.7 26 27 28 29 30 31 32 33 34 35 36 37 38 39 4.3 4.7 1.1 1.9 48.8 5.0 43.8 7.8 2.7 6.6 1.8 10.1 14.9 -0.2 4.5 4.8 1.4 2.0 50.7 4.4 46.3 9.0 3.4 7.2 1.9 9.9 14.9 0.0 5.2 5.1 1.8 1.8 56.6 4.2 52.5 10.3 3.4 8.6 2.5 10.2 17.5 -0.1 9.5 6.3 1.9 1.3 61.2 4.4 56.9 10.5 3.4 9.4 3.1 10.9 19.5 0.1 4.4 4.8 1.1 1.3 49.0 5.2 43.8 6.9 2.4 6.8 2.0 10.3 15.5 -0.3 4.3 4.7 1.1 2.2 49.3 5.4 43.9 8.2 2.2 6.6 1.9 9.9 15.1 0.0 4.0 4.5 1.2 1.0 48.1 4.7 43.4 6.9 4.0 6.8 1.7 10.3 13.7 0.0 4.0 4.5 1.4 3.0 47.9 4.6 43.2 7.1 3.7 7.2 1.8 9.8 13.6 0.1 4.2 4.5 1.3 1.4 50.3 4.5 45.9 7.2 3.6 7.4 2.0 9.8 15.8 0.2 4.6 4.8 1.4 1.6 52.0 4.1 47.9 11.2 3.1 6.9 1.7 9.9 15.3 0.0 5.3 5.4 1.6 1.8 52.6 4.3 48.2 10.6 3.3 7.4 2.0 10.1 14.9 -0.2 5.2 5.2 1.8 1.5 52.9 4.1 48.8 8.1 3.7 8.2 2.1 10.1 16.5 -0.1 5.3 5.1 1.8 1.2 56.9 4.1 52.8 10.5 3.5 8.5 2.5 10.1 17.7 -0.6 5.1 5.0 1.8 3.6 59.4 4.2 55.3 11.2 3.1 8.9 3.1 10.6 18.5 -0.5 5.2 5.1 1.9 0.8 57.4 4.2 53.3 11.5 3.5 8.9 2.2 10.0 17.3 -0.1 9.6 5.7 1.9 1.0 55.7 4.2 51.6 10.1 3.1 8.7 3.4 10.3 16.0 0.5 9.4 5.8 1.9 1.7 60.8 4.1 56.9 10.0 3.1 9.9 3.1 10.5 20.0 0.2 9.3 6.6 1.8 1.7 64.5 4.7 59.9 9.3 3.4 9.9 2.9 11.3 22.8 0.1 9.6 7.1 2.1 0.7 63.8 4.7 59.2 12.6 3.9 9.2 2.8 11.3 19.4 0.0 1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. N ote. Chained (2000) dollar series are calculated as tne product of the chain-type quantity index and the 2000 current-doliar 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 2004 S urvey of 111 C u rren t B u sin ess Table 3.12. Government Social Benefits Table 3.13. Subsidies [Billions of dollars] [Billions of dollars] Line Government social benefits.......... To persons.................................................... Federal...................................................... Benefits from social insurance funds.... Old-age, survivors, and disability insurance....................................... Hospital and supplementary medical insurance....................................... Unemployment insurance................. State.............................................. Railroad employees...................... Federal employees....................... Special unemployment benefits... Railroad retirement........................... Pension benefit guaranty.................. Veterans life insurance..................... Workers’ compensation.................... Military medical insurance1.............. Veterans benefits.................................. Pension and disability....................... Readjustment................................... Other2............................................... Food stamp benefits............................. Black lung benefits............................... Supplemental security income............. Direct relief........................................... Earned income credit........................... Other3................................................... State and local........................................ Benefits from social insurance funds.... Temporary disability insurance........ Workers' compensation................... Public assistance.................................. Medical care..................................... Medicaid....................................... Other medical care4.................... Family assistance5.......................... Supplemental security income........ General assistance........................... Energy assistance............................ Other6.............................................. Education............................................. Employment and training..................... O th e r'.................................................. To the rest of the w o rld 8............................ 1999 2000 1,044.1 1,041.6 770.0 655.5 2002 2001 1 2 3 4 990.4 988.0 735.7 623.4 5 379.8 401.2 425.0 446.6 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 209.1 20.5 20.0 0.1 0.4 0.0 8.2 0.9 1.8 2.0 1.0 22.2 20.9 1.3 219.6 20.4 19.9 0.1 0.4 0.0 8.3 0.9 1.7 2.2 1.2 23.2 21.9 1.3 243.4 31.9 31.4 0.1 0.5 0.0 8.4 1.1 1.7 2.2 1.3 24.8 23.3 1.5 263.8 53.7 42.3 0.1 0.7 10.7 8.7 1.6 1.7 2.4 1.4 27.8 25.9 1.9 1,145.3 1,142.6 837.6 715.0 1,252.3 1,249.5 917.3 779.8 15.5 1.0 26.8 14.9 0.9 27.3 16.0 0.9 28.7 18.6 0.8 29.9 26.2 20.7 252.4 10.6 2.2 8.4 228.3 189.3 184.6 4.7 17.9 4.2 3.6 1.4 11.9 10.5 1.1 1.8 2.4 27.0 21.2 271.7 11.5 2.8 8.7 245.4 205.0 199.5 5.5 18.4 4.4 3.6 1.7 12.3 11.6 1.0 2.1 2.5 26.7 25.5 305.1 12.3 3.3 9.0 276.5 234.6 227.3 7.4 18.6 4.5 3.1 2.5 13.1 12.7 1.4 2.1 2.7 32.9 27.3 332.3 12.7 3.6 9.1 302.5 258.7 250.0 8.6 19.7 4.8 3.7 1.9 13.7 13.4 1.7 2.1 2.7 1. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facilities. 2. Consists of mustering out pay, terminal leave pay, and adjusted compensation benefits. 3. Consists largely of payments to nonprofit institutions, aid to students, and payments for medical services for retired military personnel and their dependents at nonmilitary facilities. 4. Consists of general medical assistance and state child health care programs. 5. 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. 6. Consists of expenditures for food under the supplemental program for women, infants, and children; foster care; adoption assistance; and payments to nonprofit welfare institutions. 7. Consists largely of veterans benefits, Alaska dividends, and crime-victim payments. 8. Consists of Federal Government social benefits to the rest of the world. 1999 Line Subsidies.................................................... Federal................................................................ Agricultural....................................................... Housing............................................................ Maritime........................................................... Air carriers....................................................... Other1.............................................................. State and local................................................... 44.2 43.8 21.5 21.0 0.0 0.0 1.2 0.4 1 2 3 4 5 6 7 8 2001 2000 44.3 43.8 22.9 19.7 0.1 0.0 1.1 0.5 2002 38.2 37.2 11.0 24.2 0.5 0.1 1.5 1.0 55.3 47.6 20.7 20.6 0.2 5.0 1.1 7.7 1. Consists largely of subsidies to railroads and mass transit systems. Table 3.14. Government Social Insurance Funds Current Receipts and Expenditures [Billions of dollars] 1999 Line Federal Current receipts......................................... Contributions for government social insurance.... Employee and self-employed contributions.... Employer contributions.................................... Government................................................. Other............................................................ Interest received.................................................. Current expenditures................................ Administrative expenses (consumption expenditures)................................................... Government social benefits................................. To persons....................................................... To the rest of the world.................................... Net saving................................................... State and local Current receipts......................................... Contributions for government social insurance.... Employee and self-employed contributions.... Employer contributions.................................... Government................................................. Other............................................................ Interest received.................................................. Current expenditures................................ Administrative expenses (consumption expenditures)................................................... Government social benefit payments to persons. Net saving................................................... 2001 2000 2002 1 2 3 4 5 6 7 8 729.6 651.6 336.3 315.4 44.4 271.0 77.9 635.5 780.3 691.7 356.3 335.4 47.1 288.3 88.6 668.0 813.5 715.4 369.4 345.9 49.7 296.2 98.1 728.4 843.1 736.7 381.8 354.9 54.1 300.8 106.3 794.6 9 10 11 12 13 9.8 625.7 623.4 2.4 94.1 10.0 657.9 655.5 2.5 112.3 10.7 717.7 715.0 2.7 85.1 12.0 782.5 779.8 2.7 48.5 14 15 16 17 18 19 20 21 15.1 9.8 1.8 8.0 2.4 5.6 5.4 13.4 16.3 11.0 2.8 8.2 2.2 6.0 5.3 14.2 18.4 13.2 4.2 9.0 2.1 6.8 5.2 15.0 18.9 13.5 4.4 9.2 2.2 7.0 5.3 15.5 22 23 24 2.8 10.6 1.7 2.7 11.5 2.0 2.8 12.3 3.4 2.8 12.7 3.4 112 Foreign Transactions February 2004 4 . F o r e ig n T r a n s a c tio n s Table 4.1. Foreign Transactions in the National Income and Product Accounts [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2000 2003 II Current receipts from the rest of the w o rld ............. Exports of goods and services.. Goods1...................................... Durable.................................. Nondurable............................ Services'................................... Income receipts........................... Wage and salary receipts......... Income receipts on assets........ Interest.................................. Dividends............................... Reinvested earnings on U.S. direct investment abroad... Current payments to the rest of the w o rld ............. Imports of goods and services.. Goods'...................................... Durable.................................. Nondurable............................ Services'................................... income payments....................... Wage and salary payments...... Income payments on assets..... Interest.................................. Dividends............................... Reinvested earnings on foreign direct investment in the United States.............. Current taxes and transfer payments to the rest of the world (net)................................ From persons (net).................... From government (net)............. From business (net).................. Balance on current account, NIPAs............... Addenda: Net lending or net borrowing (-), NIPAs..................................... Balance on current account, NIPAs................................. Less: Capital account transactions (net)2............ 2001 IV III I II 2002 III IV I II 2003 III IV I II III IV 1,478.9 1.354.1 1.306.0 1,477.8 1,502.1 1,517.8 1,458.9 1,392.9 1,310.3 1,254.2 1,262.9 1,305.3 1,333.7 1,322.0 1,317.8 1,319.7 1,360.6 970.8 978.5 1,006.3 1,025.3 1,017.2 1,021.0 1,020.2 1,048.5 1,102.6 1,096.3 1.035.1 1,006.8 1,048.1 1,091.8 1,122.4 1,115.8 1,103.1 1,061.1 1,005.4 800.4 704.9 677.7 714.1 784.3 731.5 697.8 776.9 810.9 788.9 747.6 684.5 700.9 698.3 707.6 707.7 722.1 724.7 761.5 566.4 502.7 569.2 521.2 489.8 498.6 587.6 580.0 570.6 533.9 499.1 481.3 477.9 493.8 484.8 484.5 485.9 497.1 526.8 213.7 207.1 210.2 208.0 210.4 223.2 220.4 218.3 205.8 203.2 199.8 211.4 213.5 223.1 221.7 224.9 234.7 226.1 215.1 323.3 303.6 315.0 311.5 315.4 314.2 313.5 300.5 286.4 300.8 305.4 311.2 318.8 313.3 312.5 326.4 311.9 309.1 341.0 379.7 402.1 284.4 382.7 319.0 299.1 386.0 355.8 331.8 304.9 283.3 299.0 308.3 304.8 296.8 299.5 312.1 2.9 3.2 2.9 2.9 3.0 3.2 3.0 3.1 3.0 3.2 3.1 3.1 3.1 3.2 3.1 3.3 3.3 379.7 376.7 399.1 352.6 328.8 301.8 280.3 281.2 295.9 305.2 301.7 293.6 296.3 308.8 315.9 296.0 383.1 186.7 148.7 177.2 179.3 180.5 167.1 127.5 105.9 97.2 97.0 92.2 87.7 78.2 72.7 137.3 93.5 75.5 81.2 86.8 80.0 97.6 87.0 81.2 77.4 79.4 77.0 82.8 91.5 74.5 82.7 86.3 81.5 79.1 83.8 116.1 97.3 116.9 121.0 116.2 114.8 98.5 98.9 97.0 95.0 106.9 116.1 121.4 139.5 136.2 137.0 153.5 1,875.6 1,732.5 1.770.1 1,858.9 1,925.6 1,937.0 1,859.3 1,779.5 1,709.2 1,582.0 1,670.7 1,779.5 1,807.6 1,822.5 1,847.1 1,859.9 1,879.0 1,475.8 1,401.7 1.433.1 1,539.6 1,458.7 1,523.1 1,519.7 1,484.4 1,429.3 1,370.4 1,322.5 1,344.1 1,433.6 1,461.3 1,493.3 1,508.5 1,525.7 1,539.0 1,585.0 1,243.5 1,168.0 1,190.3 1,279.1 1,229.6 1,284.9 1,282.3 1,247.8 1,187.4 1,139.5 1,097.4 1,108.5 1,194.9 1,217.1 1,240.8 1,254.2 1,272.4 1,275.6 1,314.4 770.4 820.7 842.2 804.9 733.7 721.9 754.8 796.3 815.8 836.9 758.6 737.6 774.5 781.6 788.0 770.9 789.7 788.9 835.6 445.4 442.9 420.4 422.8 413.3 419.9 482.9 413.8 442.6 428.8 405.8 375.5 370.9 435.5 452.8 483.3 482.7 486.7 478.8 229.1 238.3 237.3 236.6 241.9 230.9 238.7 244.1 232.3 242.7 260.4 233.6 225.1 235.6 252.5 254.3 253.3 263.5 270.7 343.7 349.2 347.2 262.4 283.8 277.6 348.1 328.5 304.5 293.3 208.9 291.4 289.9 266.9 269.0 266.2 274.3 8.4 7.4 7.7 8.1 8.2 8.4 8.2 8.7 7.5 8.1 7.5 8.1 8.0 8.5 8.5 8.5 8.6 336.2 275.7 269.2 341.7 340.7 339.5 320.4 285.2 258.4 296.5 200.6 254.0 282.9 281.6 260.2 257.7 266.1 279.4 295.7 284.2 269.2 221.4 211.4 258.6 220.2 276.5 289.1 255.0 226.0 228.1 219.8 193.6 185.4 187.7 51.7 56.8 46.0 42.1 62.6 62.3 53.3 45.9 34.3 53.3 50.3 46.0 33.8 37.0 34.5 44.7 31.1 2.6 -10.6 -9.5 -9.7 -7.0 -23.1 -75.7 -13.4 3.1 28.0 10.0 32.1 27.7 47.3 51.0 31.6 9.1 10.3 54.3 31.3 11.4 11.6 70.1 31.2 24.6 14.4 46.4 22.4 7.0 16.9 45.7 18.9 8.0 18.9 45.5 71.6 8.7 -34.8 50.6 19.7 14.1 16.9 64.2 28.5 22.7 13.0 54.4 34.5 9.8 10.1 56.5 38.6 9.7 8.2 62.2 40.2 15.1 6.9 69.6 40.1 21.1 8.5 68.1 37.5 20.2 10.4 65.7 33.9 19.1 12.7 -381.1 -423.5 -419.2 -400.4 -386.7 -398.8 -327.8 -407.8 -474.1 -473.9 -500.5 -529.3 -540.2 -518.4 -381.9 -424.3 -419.9 -401.5 -387.7 -400.0 -328.8 -408.9 -475.3 -475.4 -501.9 -530.9 -541.5 -521.6 -381.1 -423.5 -419.2 -400.4 -386.7 -398.8 -327.8 -407.8 -474.1 -473.9 -500.5 -529.3 -540.2 -518.4 0.9 0.8 1.1 1.0 1.1 1.0 1.1 1.1 1.5 1.4 1.6 1.3 3.2 -0.1 -28.9 6.9 56.1 31.5 13.5 11.2 47.0 33.1 9.5 4.5 59.3 35.4 14.3 9.6 -396.6 -378.4 -464.1 -397.4 -379.5 -465.4 -396.6 -378.4 -464.1 0.8 1.1 1.3 0.8 66.7 36.0 19.1 11.5 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinanciai assets. 63.4 32.7 16.1 14.6 February 2004 113 S u r v e y o f C u r r e n t B u s in e s s Table 4.2.1. Percent Change From Preceding Period in Real Exports and in Real Imports of Goods and Services by Type of Product [Percent] Seasonally adjusted at annual rates Line Exports of goods and services........................... Exports of goods1..................... Foods, feeds, and beverages.... Industrial supplies and materials............................... Durable goods..................... Nondurable goods............... Capital goods, except automotive............................ Civilian aircraft, engines, and parts................................. Computers, peripherals, and parts................................. Other.................................... Automotive vehicles, engines, and parts.............................. Consumer goods, except automotive............................ Durable goods...................... Nondurable goods............... Other........................................ Exports of services1 ................. Transfers under U.S. military agency sales contracts........ Travel........................................ Passenger fares........................ Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Imports of goods and services........................... Imports of 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........................................ Imports of services1.................. Direct defense expenditures.... Travel........................................ Passenger fares........................ Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Addenda: Exports of durable goods........ Exports of nondurable goods... Exports of agricultural goods2.. Exports of nonagricultural goods.................................... Imports of durable goods......... Imports of nondurable goods.... Imports of nonpetroleum goods 2000 2001 2002 2003 2000 2001 II III IV I II 2003 2002 III IV I II III IV I II III IV 1 2 3 8.7 11.2 5.9 -5.2 -6.1 2.9 -2.4 -4.0 -2.0 1.9 1.8 -0.1 12.3 13.8 7.7 10.7 18.3 34.4 -2.7 -5.4 -24.7 -4.5 -5.4 19.9 -13.4 -18.1 1.6 -17.7 -18.9 -11.3 -9.8 -7.6 11.9 4.4 -2.6 2.2 8.7 12.0 -8.7 4.3 4.3 -10.7 -3.7 -9.1 -3.1 -2.0 1.9 14.5 -1.1 -1.7 -12.1 9.9 8.6 7.6 19.1 19.2 10.2 4 5 6 10.0 15.2 7.0 -3.9 -8.6 -0.9 0.4 -2.1 1.8 2.4 2.4 2.5 1.9 7.0 -1.2 19.1 3.8 29.7 -0.2 4.1 -2.7 -11.0 -13.5 -9.4 -12.1 -21.4 -6.1 -8.0 -17.1 -2.3 2.2 -5.0 6.6 -1.2 1.6 -2.7 14.8 19.4 12.3 -5.0 -6.3 -4.1 2.4 -1.7 4.8 7.5 10.1 6.1 -3.6 1.5 -6.3 1.1 -8.4 6.7 7.9 13.5 4.9 7 15.4 -9.8 -8.7 2.0 37.4 19.9 -6.3 -4.6 -32.6 -27.5 -15.3 -5.2 11.6 10.0 -15.6 -2.5 -1.1 19.7 32.9 8 -12.8 3.7 -6.6 -10.1 82.6 -25.4 -10.7 68.3 -14.0 -18.1 -28.0 2.9 6.4 46.0 -45.5 -21.3 -17.6 34.2 29.9 9 10 25.0 20.6 -11.4 -12.1 -13.6 -8.1 5.8 4.3 47.0 28.1 30.1 29.2 -10.7 -4.5 -7.7 -14.2 -40.8 -34.4 -20.1 -31.0 -18.6 -11.1 -22.2 -3.4 3.2 14.6 4.6 3.2 14.6 -11.0 -7.4 3.6 -11.2 5.1 48.7 11.8 24.6 35.4 11 5.9 -6.4 4.1 0.5 -15.6 -5.7 -3.6 -21.1 13.9 -2.2 -6.2 2.6 26.5 5.0 -14.5 5.9 -0.4 -6.2 14.5 12 13 14 15 16 10.0 10.8 9.2 2.2 2.9 -0.8 -0.8 -0.8 -3.9 -3.1 -4.0 -5.0 -2.9 -1.0 1.4 6.1 4.2 8.0 -6.1 2.3 5.1 -6.5 19.7 -16.4 8.5 13.1 15.6 10.4 49.4 -6.6 -7.6 -10.4 -4.5 8.7 4.4 14.8 23.2 6.2 -21.5 -2.0 -4.0 -3.6 -4.4 -5.9 -0.6 -25.2 -27.8 -22.2 -9.9 -14.7 -4.9 -11.3 2.5 -12.9 -15.0 -5.7 -1.1 -10.4 1.3 22.8 11.0 9.7 12.6 7.8 1.6 3.1 3.9 2.2 22.2 4.5 -0.9 -6.4 5.5 -14.8 9.4 5.4 -8.5 21.6 -16.4 -10.1 7.4 15.5 -0.2 -4.9 0.2 12.2 18.2 6.3 -8.0 12.7 15.2 29.5 1.5 4.1 18.9 17 18 19 20 21 22 23 -14.9 5.1 1.8 0.4 6.3 3.2 4.4 -6.4 -13.1 -14.2 -3.5 -€.8 8.0 2.5 -3.2 -6.3 -7.4 2.4 6.2 6.1 1.1 5.8 -1.3 -13.1 3.0 4.9 5.0 1.6 79.2 4.1 24.2 5.5 4.9 5.6 1.8 -49.9 -14.0 -9.4 -13.0 0.0 4.4 13.5 44.6 2.1 0.8 -6.0 -7.3 11.6 0.5 -63.2 3.8 -13.5 10.8 -16.8 8.7 0.7 214.8 -21.7 -10.2 -7.5 -0.3 8.1 0.2 -19.3 -35.2 -30.3 -10.9 -17.2 2.8 3.0 -35.7 -52.4 -64.3 -11.0 20.2 14.3 1.1 -18.4 76.1 125.8 36.9 -2.2 6.1 1.9 -13.5 -10.8 -0.7 -14.2 33.9 4.6 -0.6 163.9 5.4 -23.2 5.1 4.8 -0.1 0.7 -44.1 48.0 14.6 16.5 -9.5 4.8 1.4 -18.9 -36.1 -51.9 -9.3 14.0 5.9 2.9 28.7 -25.0 -8.1 20.8 0.1 8.4 2.4 51.7 53.0 44.2 -13.7 5.4 1.5 0.8 13.2 49.4 35.7 21.1 5.0 10.5 0.2 24 25 26 13.1 13.5 7.1 -2.6 -3.2 4.6 3.3 3.7 5.3 3.7 4.5 7.6 16.5 17.7 11.6 14.1 14.1 12.4 -1.6 -1.6 -0.2 -6.2 -6.8 -5.6 -8.6 -12.2 6.7 -10.8 -9.2 28.2 -3.8 -3.2 -8.0 8.4 6.3 3.2 17.1 21.9 8.0 4.1 4.8 6.2 8.2 7.4 4.5 -6.8 -6.6 12.5 9.1 13.7 5.2 0.8 -1.5 4.0 11.3 12.2 15.5 27 28 29 30 6.8 6.6 6.9 5.9 -3.7 -6.2 -1.2 3.5 2.9 5.2 0.7 -2.8 2.7 0.1 5.0 6.9 0.4 -3.8 5.4 40.4 5.2 -2.3 13.8 -2.3 -5.2 0.9 -10.6 -6.5 1.9 -6.8 9.7 23.3 -19.6 -23.7 -15.6 7.2 1.5 1.6 1.7 -26.9 -0.8 5.0 -6.1 3.9 2.0 15.2 -10.2 -19.2 10.6 -1.4 25.2 35.0 10.4 12.5 8.5 -10.9 9.3 15.9 3.0 18.9 -7.4 -10.5 -4.4 -12.6 0.5 -12.7 13.6 55.5 10.0 3.1 16.4 -3.0 -3.1 15.8 -17.8 -22.1 31 20.2 -11.4 -1.7 5.5 38.7 22.0 0.5 -19.9 -35.0 -20.4 -5.9 8.3 16.7 0.4 4.8 -2.0 12.6 5.0 19.3 32 7.7 14.6 -19.8 -7.4 27.4 26.3 63.7 3.9 -5.0 -6.7 21.3 -40.7 -45.3 -35.7 118.1 -37.7 0.3 -17.0 28.7 33 34 17.0 23.1 -8.7 -15.5 10.3 -3.1 8.6 6.1 44.9 37.7 35.4 16.6 -12.3 -0.1 -25.7 -20.5 -20.5 -43.1 -10.9 -25.8 9.3 -15.3 38.4 8.7 11.5 33.0 6.5 3.6 0.9 -3.3 -0.4 3.4 18.9 11.9 15.8 4.0 27.4 15.2 35 8.7 -3.0 7.0 2.4 -5.0 3.6 -7.7 -9.8 5.8 1.5 -5.5 7.9 26.1 8.9 -0.3 -8.6 13.8 -14.0 30.3 36 37 38 39 40 41 42 43 44 45 46 47 17.5 19.6 15.3 13.1 11.1 4.6 11.3 7.7 11.0 22.5 11.7 5.5 1.7 -0.8 4.5 1.8 0.4 12.3 -4.8 -14.8 -5.2 -0.4 12.7 2.3 9.4 11.4 7.3 4.7 1.4 23.6 -8.2 -15.7 2.9 13.9 7.0 -2.4 8.2 6.9 9.7 -9.5 -0.1 2.9 -11.5 3.8 2.5 -0.1 5.9 -3.4 23.5 15.2 33.7 -4.9 10.7 30.2 4.1 15.8 18.9 6.7 8.1 9.1 10.9 9.5 12.4 83.1 14.1 16.9 0.6 7.4 17.2 106.8 11.5 8.7 11.8 15.6 7.8 -20.8 -1.9 -26.3 12.6 -26.3 -7.3 -31.1 15.4 -0.9 -3.3 -10.0 4.6 -10.0 -3.1 30.0 -8.5 -28.1 -6.2 -12.6 11.0 2.3 -5.5 -11.7 1.6 16.6 12.5 1.6 26.3 21.4 -12.6 -5.9 22.9 1.4 -6.6 -4.8 -8.5 -9.9 -18.2 22.0 -43.5 -21.0 -26.1 6.0 2.2 0.6 -3.0 1.7 -7.9 3.1 -6.9 92.1 -37.6 -55.2 15.3 20.6 11.3 -0.6 16.5 23.4 9.5 1.7 19.2 27.5 44.0 1.6 -2.4 38.1 15.5 -0.3 30.3 38.0 22.2 18.8 -3.6 1.6 -13.4 -8.2 28.4 13.0 -12.0 -9.4 10.1 0.3 22.1 3.0 0.7 -1.2 -8.2 -16.6 0.0 10.0 11.8 -4.0 11.6 7.5 16.2 4.5 12.2 9.3 18.5 74.9 12.6 -32.1 10.3 0.1 6.4 -2.2 16.0 -51.3 -7.5 4.0 -33.2 -31.6 10.6 5.8 7.1 -3.8 1.0 4.8 -2.8 57.5 -10.9 13.3 -41.5 -10.5 -8.7 11.8 1.9 -6.4 -0.2 6.1 -6.4 -19.3 13.4 -10.7 60.9 56.8 -14.8 13.3 5.1 0.7 24.0 41.2 7.7 -2.3 7.0 -9.5 9.5 33.4 -1.9 3.2 10.9 -4.1 48 49 50 13.0 6.6 8.2 -8.3 -0.3 3.2 -5.5 -0.3 -2.5 1.6 2.1 0.2 18.2 3.0 2.1 14.7 28.4 36.4 -4.6 -7.3 -22.0 -6.7 -2.0 11.5 -23.0 -4.0 4.0 -22.4 -9.4 -3.8 -12.4 5.0 15.0 -2.6 -2.7 -1.5 14.4 6.5 -10.1 7.1 -2.2 -18.3 -13.1 0.9 -1.2 -0.9 8.5 11.5 0.5 -6.4 -3.9 10.1 5.5 14.7 26.0 5.5 0.0 51 52 53 54 11.5 15.3 10.0 14.2 -6.8 -6.2 2.8 -3.9 -4.1 4.1 2.9 4.4 1.9 3.6 6.0 4.2 14.7 15.3 22.7 15.6 17.1 14.6 13.2 16.1 -4.1 -0.1 -6.5 -13.9 8.2 -9.6 -19.6 -18.7 0.9 -14.0 -20.0 -9.4 -8.6 -7.1 -9.3 -2.7 -3.9 -3.7 -2.8 11.5 -2.9 8.7 14.1 21.3 23.2 20.9 6.4 3.9 6.5 6.6 -9.7 5.1 11.8 6.3 1.1 -8.1 ^ .1 -5.9 -1.5 10.1 19.6 9.5 8.1 -1.6 -1.4 -1.4 21.2 25.0 -6.4 17.0 -1.0 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. 114 Foreign Transactions February 2004 Table 4.2.2. Contributions to Percent Change in Real Exports and in Real Imports of Goods and Services by Type of Product Seasonally adjusted at annual rates Line 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............................... Durable goods...................... Nondurable goods............... Capital goods, except automotive............................ Civilian aircraft, engines, and parts................................. Computers, peripherals, and parts................................. Other.................................... Automotive vehicles, engines, and parts.............................. Consumer goods, except automotive............................ Durable goods..................... Nondurable goods............... Other........................................ Exports of services1................. Transfers under U.S. military agency sales contracts........ Travel........................................ Passenger fares........................ Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Percent change at annual rate: imports of goods and services........................... Percentage points at annual rates: 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........................................ Imports of services1................... Direct defense expenditures.... Travel........................................ Passenger fares........................ Other transportation................ Royalties and license fees....... Other private services............. Other........................................ 2000 2001 2002 2003 2000 2001 II III IV I II 2002 III IV I II 2003 III IV I II III IV 1 8.7 -5.2 -2.4 1.9 12.3 10.7 -2.7 -4.5 -13.4 -17.7 -9.8 4.4 8.7 4.3 -3.7 -2.0 -1.1 9.9 19.1 2 3 7.88 0.27 -4.36 0.13 -2.81 -0.10 1.21 0.01 9.76 0.35 12.55 1.36 -3.94 -1.22 -3.90 0.80 -13.19 0.08 -13.35 -0.51 -5.28 0.57 -1.92 0.11 8.23 -0.44 2.97 -0.55 -6.52 -0.15 1.31 0.68 -1.18 -0.65 6.01 0.39 13.25 0.56 4 5 6 1.47 0.83 0.64 -0.58 -0.50 -0.08 0.05 -0.11 0.17 0.37 0.13 0.24 0.30 0.41 -0.11 2.75 0.22 2.53 -0.01 0.23 -0.24 -1.71 -0.82 -0.89 -1.79 -1.25 -0.54 -1.12 -0.93 -0.20 0.34 -0.27 0.61 -0.19 0.09 -0.29 2.18 1.03 1.14 -0.78 -0.36 -0.41 0.36 -0.09 0.46 1.15 0.54 0.61 -0.59 0.09 -0.68 0.18 -0.51 0.68 1.31 0.78 0.53 7 4.78 -3.21 -2.69 0.54 10.63 6.23 -2.14 -1.52 -11.87 -8.94 -4.77 -1.60 3.33 2.81 -4.80 -0.70 -0.31 5.19 8.78 8 -0.69 0.17 -0.34 -0.49 2.80 -1.33 -0.49 2.41 -0.72 -0.94 -1.59 0.14 0.32 1.99 -3.03 -1.10 -0.85 1.35 1.32 9 10 1.14 4.34 -0.57 -2.80 -0.61 -1.74 0.17 0.86 2.00 5.84 1.40 6.15 -0.58 -1.07 -0.41 -3.53 -2.36 -8.79 -0.92 -7.08 -0.86 -2.31 -1.03 -0.71 0.13 2.88 0.17 0.64 0.51 -2.29 -0.29 0.68 -0.44 0.97 1.56 2.28 0.94 6.53 11 0.45 -0.47 0.30 0.05 -1.28 -0.42 -0.26 -1.62 0.93 -0.15 -0.47 0.20 1.93 0.39 -1.21 0.45 -0.03 -0.48 1.10 12 13 14 15 16 0.81 0.45 0.36 0.09 0.86 -0.07 -0.03 -0.03 -0.15 -0.87 -0.34 -0.23 -0.12 -0.04 0.42 0.50 0.18 0.31 -0.25 0.73 0.43 -0.29 0.72 -0.68 2.50 1.04 0.64 0.40 1.59 -1.89 -0.64 -0.46 -0.18 0.33 1.21 1.12 0.89 0.23 -0.96 -0.58 -0.32 -0.15 -0.17 -0.22 -0.16 -2.25 -1.33 -0.92 -0.38 -4.30 -0.41 -0.52 0.10 -0.54 -4.57 -0.49 -0.04 -0.45 0.05 6.32 0.92 0.43 0.50 0.31 0.50 0.26 0.17 0.09 0.83 1.37 -0.07 -0.29 0.22 -0.65 2.77 0.44 -0.37 0.81 -0.71 -3.29 0.61 0.62 -0.01 -0.19 0.07 1.04 0.77 0.27 -0.31 3.86 1.33 1.27 0.07 0.16 5.88 17 18 19 20 21 22 23 -0.23 0.39 0.04 0.01 0.25 0.34 0.06 -0.07 -0.99 -0.27 -0.10 -0.27 0.80 0.03 -0.04 -0.44 -0.13 0.07 0.25 0.70 0.02 0.07 -0.06 -0.22 0.09 0.21 0.61 0.02 0.75 0.33 0.44 0.16 0.20 0.59 0.03 -0.81 -1.13 -0.19 -0.37 0.00 0.45 0.16 0.40 0.15 0.02 -0.16 -0.30 1.10 0.01 -1.03 0.28 -0.27 0.28 -0.70 0.85 0.01 1.21 -1.79 -0.19 -0.21 -0.01 0.83 0.00 -0.25 -2.84 -0.60 -0.29 -0.68 0.33 0.04 -0.51 -4.56 -1.59 -0.32 0.76 1.64 0.02 -0.22 3.62 1.31 0.90 -0.09 0.76 0.03 -0.15 -0.75 -0.01 -0.44 1.29 0.57 -0.01 1.13 0.34 -0.44 0.14 0.21 -0.02 0.01 -0.69 2.62 0.23 0.45 -0.44 0.58 0.02 -0.23 -2.98 -1.14 -0.30 0.59 0.72 0.05 0.28 -1.74 -0.12 0.58 0.01 1.04 0.04 0.51 2.72 0.60 -0.44 0.25 0.20 0.01 0.17 2.92 0.56 0.62 0.24 1.38 0.00 24 13.1 -2.6 3.3 3.7 16.5 14.1 -1.6 -6.2 -8.6 -10.8 -3.8 8.4 17.1 4.1 8.2 -6.8 9.1 0.8 11.3 25 26 11.34 0.24 -2.69 0.14 3.09 0.18 3.66 0.27 14.78 0.38 11.88 0.39 -1.30 -0.01 -5.72 -0.18 -10.51 0.20 -7.53 0.84 -2.63 -0.29 5.29 0.12 17.73 0.29 4.00 0.21 6.21 0.16 -5.49 0.42 11.04 0.19 -1.28 0.14 10.06 0.55 27 28 29 30 0.82 0.42 0.40 0.41 -0.44 -0.37 -0.07 0.26 0.33 0.29 0.04 -0.21 0.28 0.00 0.28 0.53 0.07 -0.23 0.30 2.84 0.63 -0.13 0.77 -0.19 -0.60 0.05 -0.65 -0.57 0.33 -0.34 0.67 1.70 -2.55 -1.50 -1.05 0.55 0.19 0.08 0.11 -2.33 -0.09 0.27 -0.36 0.26 0.20 0.82 -0.62 -1.27 1.19 -0.08 1.27 2.13 1.09 0.66 0.43 -0.88 1.02 0.86 0.16 1.39 -0.85 -0.60 -0.26 -1.11 0.09 -0.72 0.81 3.99 1.10 0.16 0.94 -0.27 -0.33 0.82 -1.16 -2.12 31 4.62 -2.67 -0.35 1.00 8.14 5.02 0.11 -5.05 -9.21 -4.53 -1.26 1.67 3.36 0.07 0.94 -0.38 2.33 0.94 3.53 32 0.15 0.27 -0.45 -0.15 0.44 0.43 0.92 0.08 -0.11 -0.15 0.45 -1.19 -1.14 -0.72 1.31 -0.77 0.00 -0.28 0.40 33 34 1.06 3.42 -0.51 -2.43 0.52 -0.42 0.39 0.76 2.39 5.31 2.00 2.58 -0.80 -0.01 -1.69 -3.44 -1.21 -7.89 -0.57 -3.81 0.46 -2.16 1.77 1.09 0.62 3.88 0.33 0.46 0.05 -0.42 -0.02 0.41 0.88 1.45 0.73 0.50 1.26 1.87 35 1.22 -0.41 0.96 0.38 -0.69 0.49 -1.04 -1.29 0.74 0.20 -0.80 1.11 3.57 1.23 -0.05 -1.21 1.83 -2.04 3.72 36 37 38 39 40 41 42 43 44 45 46 47 3.31 1.93 1.38 0.72 1.80 0.05 0.52 0.13 0.31 0.23 0.53 0.03 0.33 -0.08 0.41 0.10 0.06 0.11 -0.21 -0.26 -0.15 0.00 0.56 0.01 1.90 1.19 0.72 0.27 0.23 0.26 -0.36 -0.26 0.08 0.17 0.37 -0.01 1.72 0.73 0.99 -0.52 0.02 0.04 -0.46 0.06 0.06 0.00 0.33 -0.02 4.30 1.54 2.77 -0.25 1.74 0.27 0.20 0.26 0.52 0.07 0.37 0.05 2.08 0.96 1.12 3.47 2.21 0.16 0.03 0.13 0.48 0.87 0.50 0.05 2.11 1.44 0.67 -1.31 -0.30 -0.27 0.50 -0.50 -0.21 -0.44 0.62 0.00 -0.65 -1.07 0.42 -0.57 -0.49 0.24 -0.37 -0.52 -0.18 -0.15 0.46 0.01 -1.10 -1.25 0.15 0.86 1.95 0.02 1.05 0.32 -0.37 -0.07 1.00 0.01 -1.33 -0.49 -0.84 -0.58 -3.23 0.21 -2.44 -0.39 -0.79 0.07 0.11 0.00 -0.64 0.18 -0.82 0.19 -1.21 0.77 -1.92 -1.26 0.38 0.24 0.58 0.00 3.34 2.39 0.95 0.12 3.13 0.32 1.55 0.02 -0.07 0.45 0.85 0.00 6.10 3.92 2.18 1.10 -0.62 0.02 -0.60 -0.12 0.69 0.18 -0.73 -0.06 2.09 0.03 2.06 0.18 0.11 -0.02 -0.34 -0.24 0.00 0.13 0.61 -0.02 2.47 0.84 1.63 0.27 2.00 0.12 0.69 0.80 0.33 -0.50 0.55 0.00 1.35 -0.24 1.59 -3.71 -1.28 0.06 -1.54 -0.51 0.29 0.07 0.38 -0.02 0.21 0.52 -0.31 2.39 -1.91 0.20 -1.91 -0.14 -0.27 0.14 0.11 -0.04 -0.04 0.65 -0.69 -1.12 2.13 -0.17 1.71 0.61 -0.47 0.16 0.28 0.00 4.83 4.04 0.80 -0.12 1.22 -0.15 0.36 0.43 -0.05 0.04 0.60 -0.02 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 2004 115 S u r v e y o f C u r r e n t B u s in e s s Table 4.2.3. Real Exports and Imports of Goods and Services by Type of Product, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Exports of goods and services........................... Exports of goods1...................... Foods, feeds, and beverages.... Industrial supplies and materials............................... Durable goods..................... Nondurable goods............... Capital goods, except automotive............................ Civilian aircraft, engines, and parts................................. Computers, peripherals, and parts................................. Other.................................... Automotive vehicles, engines, and parts.............................. Consumer goods, except automotive............................ Durable goods..................... Nondurable goods............... Other........................................ Exports of services1................. Transfers under U.S. military agency sales contracts........ Travel........................................ Passenger fares........................ Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Imports of goods and services........................... Imports of 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........................................ Imports of services1.................. Direct defense expenditures.... Travel........................................ Passenger fares........................ Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Addenda: Exports of durable goods........ Exports of nondurable goods... Exports of agricultural goods2.. Exports of nonagricultural goods.................................... Imports of durable goods......... Imports of nondurable goods.... Imports of nonpetroleum goods III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 1 100.000 94.773 92.512 94.312 2 100.000 93.903 90.163 91.756 3 100.000 102.875 100.813 100.722 99.608 102.163 101.458 100.304 96.774 92.188 89.829 90.802 92.721 99.017 103.270 101.852 100.443 95.558 90.691 88.918 88.323 90.863 98.493 106.040 98.792 103.378 103.783 100.731 103.607 104.181 101.846 4 100.000 5 100.000 6 100.000 96.113 96.460 98.808 91.354 89.461 91.584 99.086 100.864 103.370 97.941 102.317 102.265 99.333 99.701 100.626 101.645 98.035 96.849 103.357 102.656 100.143 96.191 92.307 98.591 94.207 88.092 98.016 94.723 86.981 99.595 94.446 97.763 96.530 97.101 98.875 97.982 98.244 100.130 87.335 91.286 89.806 89.417 91.596 91.940 89.953 92.847 98.922 101.826 100.761 101.948 103.468 101.808 103.476 104.728 7 100.000 90.168 83.980 100.015 104.655 102.960 101.750 92.200 85.088 81.632 80.546 8 100.000 103.712 9 100.000 10 100.000 88.588 87.860 82.346 82.791 93.709 91.814 99.000 84.784 80.752 80.523 84.217 90.427 96.861 87.117 108.321 100.653 94.036 94.703 96.175 105.716 90.851 85.564 81.511 87.735 93.660 81.028 84.204 99.639 106.418 103.456 101.400 98.517 105.038 103.847 99.946 88.960 89.943 84.110 81.962 79.882 79.591 75.021 78.911 75.622 81.652 76.476 82.301 79.127 79.935 77.623 80.639 75.355 81.648 83.216 83.962 87.917 90.566 97.922 99.868 96.537 97.942 97.842 96.299 99.605 96.242 96.036 97.299 99.042 101.941 95.580 94.002 91.949 95.317 99.391 96.975 98.292 103.224 103.167 104.766 98.961 95.074 90.909 89.777 87.922 98.426 100.660 98.010 98.068 101.033 105.610 106.033 105.144 88.809 105.512 97.846 111.438 107.303 102.069 11 100.000 93.556 97.411 94.952 94.435 92.929 93.529 99.182 100.395 100.000 100.000 100.000 100.000 100.000 99.185 99.183 99.187 96.128 96.950 95.209 100.973 99.259 102.362 100.357 103.879 102.829 94.194 98.173 98.457 102.094 99.337 104.664 103.713 96.334 104.075 100.138 102.653 101.470 103.009 101.850 95.129 89.354 93.452 103.314 105.491 99.308 97.820 98.348 100.656 101.092 99.384 100.469 99.956 99.810 95.618 95.591 95.647 95.313 95.924 94.413 92.763 96.241 92.071 92.111 93.045 92.514 93.630 92.363 96.959 95.514 94.679 96.439 94.119 97.347 17 18 19 20 21 22 23 100.000 93.584 90.568 100.000 86.861 81.359 100.000 85.837 79.460 100.000 96.461 98.823 100.000 93.250 98.987 100.000 107.980 114.593 100.000 102.460 103.615 95.836 80.328 69.054 101.821 103.814 120.369 105.283 24 100.000 97.377 100.609 104.312 25 100.000 96.802 100.400 104.877 26 100.000 104.601 110.150 118.567 110.252 102.021 102.547 102.475 100.779 99.106 98.495 98.414 92.751 98.235 100.048 98.965 100.768 100.171 101.656 97.519 91.907 101.701 79.231 105.534 100.019 89.550 85.111 82.090 104.625 90.447 85.827 98.748 99.671 93.754 84.132 69.886 80.512 78.236 79.264 87.425 78.177 100.258 96.700 94.131 86.021 66.495 81.511 81.362 76.165 78.802 65.611 97.444 99.985 98.065 95.267 92.528 100.087 96.339 97.536 101.331 98.879 98.866 94.430 94.349 89.994 94.226 93.706 100.794 101.979 99.468 102.785 102.956 105.128 107.204 107.954 111.634 113.311 114.596 114.555 115.908 117.583 101.792 101.973 102.031 102.780 103.058 103.544 103.400 103.579 103.936 104.693 91.412 72.757 64.238 103.661 102.817 119.984 105.324 101.457 80.917 70.392 99.918 104.187 120.439 105.529 104.647 89.460 75.975 104.827 105.466 123.471 105.588 99.371 102.700 102.286 100.659 98.434 95.673 94.741 96.674 100.567 101.587 103.610 101.810 104.059 104.277 107.103 99.427 102.756 102.352 100.570 97.346 95.032 94.260 95.704 100.561 101.748 103.586 101.829 105.144 104.739 107.795 99.214 102.154 102.110 100.641 102.296 108.855 106.613 107.443 109.532 111.194 112.429 115.791 117.274 118.428 122.776 100.000 96.280 99.102 101.811 99.727 100.994 99.642 100.123 94.822 100.000 93.807 98.696 98.826 99.987 99.409 99.633 98.149 91.743 100.000 98.805 99.512 104.501 99.407 102.670 99.822 102.167 97.924 100.000 103.483 100.595 107.571 102.819 102.217 100.513 105.919 107.774 31 100.000 81.264 92.097 94.290 98.508 89.693 91.572 95.685 98.394 100.205 102.677 76.562 80.700 12 13 14 15 16 27 28 29 30 92.818 92.353 89.651 90.076 98.225 101.612 95.183 94.993 92.105 93.230 98.338 96.791 99.641 100.599 95.475 97.917 100.379 102.638 100.689 100.827 103.270 102.459 96.577 96.243 99.119 102.846 100.045 96.710 97.452 101.098 94.215 99.664 101.709 102.459 101.320 104.594 108.636 103.454 95.370 102.808 99.892 104.309 100.868 112.633 111.781 105.003 83.921 88.589 87.117 91.911 99.386 104.451 104.582 84.323 87.644 87.732 88.768 88.310 90.978 92.104 96.250 32 100.000 114.591 91.865 85.096 95.231 100.946 114.182 115.280 113.820 111.864 117.401 103.038 88.627 79.358 96.437 85.668 85.734 81.828 87.154 33 100.000 34 100.000 35 100.000 36 37 38 39 40 41 42 43 44 45 46 47 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 98.944 88.835 91.289 100.666 109.331 84.533 81.911 86.884 99.149 106.961 103.516 99.967 103.885 103.860 96.099 98.081 90.734 85.175 96.959 103.782 106.272 99.737 100.618 96.097 101.703 99.223 104.492 101.836 100.404 112.326 95.218 85.164 94.816 99.581 112.699 102.295 111.249 110.513 112.098 106.584 101.787 138.861 87.414 71.767 97.525 113.433 120.550 99.890 82.655 88.165 79.051 90.156 75.827 97.469 97.827 96.443 120.387 99.257 101.852 104.740 103.858 102.401 118.119 98.793 101.064 104.793 102.067 98.941 122.945 99.782 102.742 104.679 105.871 106.286 96.466 93.607 108.888 102.708 100.037 103.959 101.678 99.076 102.402 101.924 101.118 104.151 142.946 101.542 105.587 97.818 104.458 104.875 77.323 99.424 99.571 102.574 100.328 106.355 74.462 101.909 103.738 96.116 88.513 92.902 99.951 99.520 103.552 101.616 100.012 96.691 113.364 93.555 112.190 102.196 98.812 97.314 127.669 98.196 100.907 104.596 107.367 113.037 96.452 99.549 101.647 101.408 101.988 102.346 100.664 97.731 103.957 101.281 99.054 110.219 92.220 87.582 89.660 98.731 113.653 102.497 99.891 98.153 101.852 102.067 97.293 129.752 81.968 71.657 92.899 103.467 116.737 102.350 98.616 97.790 100.490 102.080 102.304 102.212 106.740 110.731 117.641 77.423 83.143 83.889 83.191 83.885 86.272 87.126 90.254 98.284 104.152 106.393 106.300 103.929 107.339 103.378 110.441 103.787 103.456 104.190 102.500 101.670 137.866 89.796 71.940 92.327 112.164 121.011 102.261 110.881 112.129 109.535 107.014 100.730 138.431 86.621 70.421 98.272 115.636 117.203 99.771 113.578 112.208 115.131 107.817 100.906 138.024 84.781 67.303 98.266 118.420 120.504 98.747 48 100.000 91.745 86.738 88.159 49 100.000 99.661 99.337 101.431 50 100.000 103.230 100.641 100.863 99.582 103.064 101.847 100.094 93.758 87.994 85.136 84.574 87.473 97.524 103.809 101.861 101.360 100.334 97.879 99.069 98.395 99.945 97.768 105.665 99.315 102.060 103.073 102.076 105.712 105.313 102.558 88.987 99.388 97.490 51 52 53 54 99.107 99.154 99.938 99.062 100.000 93.224 89.398 91.091 100.000 93.756 97.646 101.131 100.000 102.804 105.815 112.204 100.000 96.143 100.340 104.549 103.099 102.596 103.083 102.830 116.750 114.260 119.538 109.006 103.842 141.124 88.458 77.403 101.234 107.511 123.480 98.782 118.566 113.626 124.044 91.065 101.828 142.502 79.974 70.393 103.822 109.036 125.606 97.821 118.847 114.969 123.163 102.013 98.938 147.008 69.954 68.473 101.477 112.127 126.193 96.226 118.786 116.690 121.154 96.677 102.100 142.891 78.782 76.626 97.484 115.685 127.769 96.387 85.918 85.718 85.835 87.930 93.152 99.620 101.674 100.006 101.345 102.699 97.202 99.874 98.883 102.342 102.352 102.036 100.328 95.015 89.863 87.689 87.078 90.004 91.410 89.100 89.349 89.014 90.767 95.233 102.568 98.787 93.811 91.529 90.897 93.397 98.019 98.970 100.200 98.103 100.502 100.091 105.828 102.014 104.052 104.274 101.949 100.941 100.192 105.562 107.241 110.265 109.127 114.118 113.723 111.849 102.582 100.021 96.316 94.565 93.668 95.649 100.303 101.916 103.493 101.927 104.276 103.920 108.074 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. 125.348 127.192 123.420 96.108 103.845 139.382 80.581 82.356 97.023 116.608 131.109 95.374 Foreign Transactions 116 February 2004 Table 4.2.4. Price Indexes for Exports and Imports of Goods and Services by Type of Product [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Exports of goods and services........................... Exports of goods1...................... Foods, feeds, and beverages.... Industrial supplies and materials............................... Durable goods..................... Nondurable goods............... Capital goods, except automotive............................ Civilian aircraft, engines, and parts................................. Computers, peripherals, and parts................................. Other.................................... Automotive vehicles, engines, and parts.............................. Consumer goods, except automotive............................ Durable goods...................... Nondurable goods............... Other........................................ Exports of services1................. Transfers under U.S. military agency sales contracts........ Travel........................................ Passenger fares........................ Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Imports of goods and services........................... Imports of 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........................................ Imports of services1.................. Direct defense expenditures.... Travel........................................ Passenger fares....................... Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Addenda: Exports of durable goods Exports of nondurable goods... Exports of agricultural goods2.. Exports of nonagricultural goods.................................... Imports of durable goods......... Imports of nondurable goods.... Imports of nonpetroleum goods III 2001 IV I II 2002 III IV I II 2003 III IV I II III 1 100.000 99.628 99.273 101.355 99.989 100.223 100.327 100.344 100.043 99.513 2 100.000 99.316 98.668 100.687 100.032 100.118 100.208 100.173 99.781 99.133 3 100.000 100.324 102.806 112.319 101.591 97.947 100.163 100.443 99.495 101.794 98.610 98.176 99.564 98.309 99.007 99.812 99.964 100.842 101.044 101.434 102.100 97.842 98.356 99.163 99.311 100.159 100.589 100.529 101.469 99.164 100.088 105.291 106.681 107.186 110.039 111.676 120.377 4 100.000 5 100.000 6 100.000 96.975 98.218 96.235 95.529 102.075 100.050 100.663 100.647 99.877 98.428 102.739 100.236 100.288 99.767 99.031 93.863 101.627 99.948 100.897 101.169 100.343 7 100.000 99.945 98.816 97.779 8 100.000 105.500 108.378 112.491 9 100.000 10 100.000 96.651 99.523 90.663 98.529 88.586 96.621 11 100.000 100.343 100.853 101.596 98.583 98.470 98.600 96.135 98.303 94.849 93.305 97.068 91.147 92.515 97.140 89.899 95.035 98.144 93.253 96.995 99.148 95.742 97.570 100.994 101.936 101.779 103.594 99.278 101.024 102.240 103.047 104.646 96.560 100.894 101.684 101.001 102.930 99.817 100.161 100.114 100.381 100.316 99.699 99.385 99.285 98.933 98.693 98.354 98.171 98.084 97.642 97.218 99.276 100.602 101.941 103.910 105.235 106.090 106.764 107.422 107.819 108.656 109.616 110.862 111.643 113.260 114.198 99.891 99.638 99.902 100.179 99.402 98.916 99.917 100.015 97.704 99.894 95.723 99.234 94.260 98.948 93.086 98.918 91.666 98.621 89.614 98.502 88.285 98.074 88.904 97.422 88.892 97.150 88.144 96.375 88.403 95.536 99.953 100.142 100.125 100.187 100.429 100.404 100.351 100.623 100.686 100.869 101.233 101.416 101.483 101.685 101.803 12 13 14 15 16 100.000 99.641 99.134 99.744 100.057 100.079 99.834 99.666 99.395 99.643 99.861 99.119 98.912 99.214 99.292 99.441 99.571 99.732 100.232 100.000 100.101 99.831 100.286 100.196 100.151 99.816 100.048 99.801 100.104 100.450 100.078 99.575 99.802 99.871 99.907 100.205 100.285 100.747 100.000 99.138 98.375 99.151 99.903 100.001 99.853 99.249 98.950 99.136 99.217 98.078 98.190 98.571 98.660 98.922 98.886 99.129 99.668 100.000 99.601 99.514 102.204 100.061 100.143 100.312 100.297 99.994 99.508 98.605 98.356 99.101 100.142 100.456 101.461 101.972 102.103 103.278 100.000 100.400 100.740 102.968 99.876 100.486 100.628 100.775 100.697 100.450 99.678 99.453 100.582 101.381 101.543 102.491 102.166 103.587 103.628 17 18 19 20 21 22 23 100.000 100.000 100.000 100.000 100.000 100.000 100.000 24 100.000 25 100.000 26 100.000 27 28 29 30 98.093 97.141 98.853 100.080 100.447 99.265 100.768 99.984 100.951 103.699 115.909 100.463 98.934 99.028 104.677 98.554 101.948 103.145 105.121 99.732 100.000 99.987 101.556 99.704 103.224 110.248 105.979 102.821 97.537 97.035 96.975 100.000 99.049 100.000 96.428 100.000 101.726 100.000 83.289 31 100.000 96.932 99.785 100.527 100.189 101.919 100.276 100.620 97.838 99.507 101.061 99.998 103.460 100.810 100.229 96.654 96.519 100.043 99.487 100.506 100.686 95.345 98.126 99.474 100.570 100.773 98.107 102.279 100.540 99.539 98.692 98.678 98.581 98.373 96.740 96.514 100.988 101.583 100.248 98.392 98.249 101.978 99.933 101.309 100.437 100.201 100.383 99.040 99.365 96.950 95.249 101.606 102.047 102.009 102.131 102.422 100.680 99.941 99.815 99.562 99.379 98.381 103.950 104.550 106.016 107.040 99.967 99.826 98.950 98.105 99.904 110.099 106.370 104.690 100.867 109.738 98.218 99.425 113.416 102.403 104.774 101.240 106.404 99.558 101.554 120.069 105.381 105.270 102.123 104.244 99.533 102.189 120.051 104.552 105.749 101.995 103.528 94.637 93.681 96.154 94.249 93.188 95.991 96.631 95.596 97.399 97.503 97.694 100.435 99.381 100.042 100.314 96.234 96.364 99.086 97.353 97.972 98.092 98.472 100.568 102.080 102.010 102.210 102.817 92.485 100.136 98.599 101.260 104.342 107.862 102.217 92.681 94.927 100.855 100.388 98.713 99.164 98.639 92.297 105.761 96.323 102.181 110.095 116.660 105.852 85.601 103.127 95.398 104.136 105.199 91.638 88.150 95.288 96.078 94.556 85.624 90.829 91.832 89.837 66.977 89.773 91.484 88.027 66.795 92.733 93.046 92.429 87.578 93.059 93.272 92.844 92.999 94.376 100.913 99.524 99.681 100.428 92.924 92.923 92.903 95.896 97.983 95.886 109.251 106.486 103.936 103.371 93.762 112.132 96.417 102.073 101.887 96.361 95.347 94.336 94.053 93.752 92.724 93.717 92.298 100.337 83.168 96.610 99.897 99.010 98.558 97.462 77.684 100.430 96.951 100.411 95.641 99.228 92.082 98.782 88.409 98.484 35 100.000 99.927 100.226 100.750 100.026 100.136 100.147 100.098 99.823 99.713 100.075 98.168 97.186 99.243 98.689 102.665 102.864 102.622 114.628 95.363 103.093 103.288 100.906 92.534 92.405 92.351 91.901 99.339 100.597 101.540 102.314 103.562 104.400 104.739 104.969 105.333 106.457 103.516 103.964 104.862 106.505 107.095 90.308 98.698 99.188 98.808 99.607 99.600 100.177 98.954 97.710 109.483 98.485 101.915 100.334 99.274 98.027 99.975 104.405 101.744 103.781 100.190 113.357 97.106 96.484 95.781 33 100.000 34 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 97.145 99.318 108.858 100.547 103.331 100.204 112.424 98.439 98.149 97.015 32 100.000 103.754 105.069 105.607 36 37 38 39 40 41 42 43 44 45 46 47 96.879 99.463 101.691 98.571 103.003 100.174 108.173 99.808 99.852 97.295 99.387 85.099 98.298 84.467 96.963 84.208 96.610 82.953 96.615 81.045 96.252 79.706 96.530 78.399 96.847 77.062 97.230 75.567 97.196 99.971 100.079 100.285 100.568 100.497 100.649 100.648 101.207 97.976 100.006 99.924 99.646 99.621 99.299 99.116 98.717 98.372 98.077 98.184 98.037 96.463 100.028 99.912 99.626 99.564 98.994 98.653 98.021 97.550 97.298 97.125 96.771 99.631 99.980 99.938 99.670 99.691 99.638 99.623 99.476 99.270 98.927 99.348 99.429 100.851 99.814 100.247 100.557 101.166 100.054 98.799 98.381 98.198 98.498 98.854 99.204 110.265 99.554 100.164 100.227 100.747 99.995 100.352 99.615 99.780 102.032 104.168 104.681 121.252 98.826 98.964 100.367 99.846 97.583 99.921 98.465 94.617 100.126 107.391 109.320 114.539 100.348 99.852 97.700 97.878 97.214 97.944 97.886 99.500 101.713 104.372 105.003 116.994 99.179 99.102 104.383 107.882 108.777 110.854 110.418 111.589 114.000 118.181 114.742 107.671 98.667 100.703 102.108 100.914 100.059 98.534 94.432 93.036 94.180 96.220 98.017 105.084 99.697 100.241 100.775 101.571 102.012 101.974 102.096 102.386 102.967 103.295 103.745 105.606 99.547 100.775 99.936 101.064 99.756 100.049 100.469 101.007 103.513 104.162 104.471 107.477 99.912 100.265 99.721 99.836 99.687 99.358 98.215 98.981 100.561 101.760 102.322 97.924 96.556 99.424 100.397 107.525 118.294 109.518 116.064 101.173 104.654 105.339 104.750 97.975 96.501 99.585 100.681 110.212 121.253 115.005 118.351 106.456 104.738 105.569 107.297 97.979 96.468 99.629 100.957 111.108 120.155 114.430 118.980 111.140 105.234 106.060 107.942 98.026 96.326 99.887 101.367 112.213 125.305 119.202 114.579 111.918 105.712 105.455 109.921 48 100.000 99.809 99.198 99.352 99.925 100.170 100.057 100.170 100.066 99.672 49 100.000 98.066 97.333 103.633 100.323 99.980 100.594 100.141 99.010 97.741 50 100.000 100.702 102.581 113.148 101.394 98.022 100.414 100.931 100.106 102.430 99.326 95.371 99.343 99.269 94.425 98.627 99.169 99.232 99.121 99.293 99.444 99.321 99.349 96.351 98.902 99.655 102.029 103.083 103.171 106.250 99.648 105.212 106.837 107.766 109.938 112.044 122.844 51 52 53 54 98.092 96.792 88.068 96.635 97.788 96.231 87.666 96.060 98.256 96.283 94.311 96.458 100.000 100.000 100.000 100.000 99.211 98.092 95.080 98.562 98.360 99.694 99.933 100.270 100.193 100.120 96.141 95.927 100.240 100.026 99.434 99.304 93.857 101.966 98.017 101.617 103.314 100.730 96.427 97.592 99.911 100.171 100.279 100.716 99.760 98.568 97.311 99.239 98.871 97.702 94.209 97.657 98.681 96.228 96.185 96.567 98.714 99.555 99.844 99.610 99.766 95.821 95.744 95.734 96.031 96.200 97.267 104.905 100.195 101.364 101.399 96.624 97.674 97.488 97.526 97.680 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. IV February 2004 S urvey of 117 C u rren t B u sin ess Table 4.2.5. Exports and Imports of Goods and Services by Type of Product [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Exports of goods and services........................... Exports of goods1..................... Foods, feeds, and beverages.... Industrial supplies and materials............................... Durable goods..................... Nondurable goods............... Capital goods, except automotive............................ Civilian aircraft, engines, and parts................................. Computers, peripherals, and parts................................. Other.................................... Automotive vehicles, engines, and parts.............................. Consumer goods, except automotive............................ Durable goods..................... Nondurable goods............... Other........................................ Exports of services1.................. Transfers under U.S. military agency sales contracts........ Travel........................................ Passenger fares........................ Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Imports of goods and services........................... Imports of 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........................................ Imports of services1.................. Direct defense expenditures.... Travel........................................ Passenger fares....................... Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Addenda: Exports of durable goods........ Exports of nondurable goods... Exports of agricultural goods2.. Exports of nonagricultural goods.................................... Imports of durable goods......... Imports of nondurable goods.... Imports of nonpetroleum goods III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 1 1,096.3 1,035.1 1,006.8 1,048.1 1,091.8 1,122.4 1,115.8 1,103.1 1,061.1 1,005.4 2 784.3 731.5 697.8 724.7 776.9 810.9 800.4 704.9 788.9 747.6 3 47.9 49.4 54.2 49.6 47.9 49.7 47.4 49.7 49.4 49.1 970.8 684.5 49.4 978.5 1,006.3 1,025.3 1,017.2 1,021.0 1,020.2 1,048.5 1,102.6 677.7 714.1 707.7 722.1 700.9 698.3 707.6 761.5 49.5 48.8 49.9 50.2 52.2 51.9 53.6 59.2 4 5 6 166.6 63.6 103.0 155.3 57.1 98.2 153.5 56.0 97.5 168.0 59.9 108.2 163.3 63.6 99.7 171.6 64.2 107.4 171.5 64.5 107.0 165.2 61.7 103.5 157.9 57.8 100.1 150.8 55.1 95.8 147.2 53.7 93.5 145.6 54.0 91.6 154.8 57.0 97.8 156.0 56.6 99.3 157.8 56.5 101.4 166.4 58.9 107.5 166.4 59.8 106.6 166.6 59.0 107.6 172.8 61.8 111.0 7 357.0 321.7 290.5 293.1 356.4 374.2 367.9 364.5 330.1 302.7 289.5 285.5 292.4 298.7 285.4 283.0 282.0 293.6 313.9 8 48.1 52.6 50.5 47.1 51.7 48.7 48.0 55.7 54.3 52.1 48.3 48.9 49.9 55.2 47.9 45.6 43.8 47.8 51.4 9 10 55.5 253.4 47.6 221.5 38.6 201.5 39.9 206.1 55.3 249.4 58.9 266.6 57.1 262.9 55.6 253.2 48.2 227.6 44.6 206.0 41.8 199.5 38.8 197.7 38.5 204.0 38.1 205.4 38.8 198.6 38.4 199.1 37.2 201.0 40.8 205.0 43.2 219.2 11 80.4 75.4 78.9 79.9 80.2 79.2 78.5 74.0 76.6 76.2 74.9 75.6 80.2 81.4 78.5 79.8 79.8 78.7 81.5 12 13 14 15 16 89.4 46.7 42.7 43.1 311.9 88.3 46.4 42.0 41.3 303.6 84.4 43.9 40.4 40.8 309.1 90.0 46.0 44.0 39.4 323.3 88.8 46.1 42.7 40.3 315.0 91.6 47.8 43.8 44.6 311.5 89.5 46.3 43.2 45.6 315.4 92.5 48.9 43.6 42.9 314.2 91.4 48.3 43.0 42.2 313.5 85.2 44.7 40.5 40.9 300.5 84.3 43.5 40.7 39.1 286.4 82.4 43.2 39.2 39.2 300.8 84.4 44.0 40.4 40.2 305.4 85.3 44.6 40.8 42.7 311.2 85.2 43.8 41.4 41.2 318.8 86.5 42.9 43.6 39.8 313.3 88.1 44.6 43.5 39.5 312.5 90.9 46.6 44.3 38.7 326.4 94.6 49.9 44.7 39.5 341.0 17 18 19 20 21 22 23 12.8 82.4 20.7 29.8 43.2 109.3 13.7 11.8 71.9 17.9 28.4 41.1 118.0 14.5 11.3 66.5 17.0 29.2 44.1 125.3 15.6 12.2 66.8 16.6 31.8 47.2 133.6 15.3 14.2 84.1 21.3 30.1 43.5 108.0 13.9 11.9 81.4 20.7 30.1 43.7 110.2 13.6 13.0 82.2 20.7 30.1 43.1 112.8 13.5 10.0 82.9 20.4 29.9 41.5 115.7 13.7 13.3 78.5 19.5 28.9 41.6 117.1 14.5 12.6 69.5 18.0 28.2 39.7 117.8 14.7 11.1 56.7 13.8 26.7 41.6 121.5 14.9 10.5 65.2 16.9 28.4 41.5 123.1 15.2 10.2 64.1 17.1 28.3 44.9 125.5 15.3 13.0 64.9 17.2 29.2 45.6 125.5 15.9 11.4 72.0 17.0 30.7 44.6 126.9 16.1 10.8 64.4 14.9 31.3 46.5 129.6 15.7 11.5 59.6 15.1 31.6 46.6 132.8 15.3 13.0 67.7 17.5 31.4 47.4 134.4 15.0 13.4 75.3 18.9 32.7 48.2 137.7 14.9 24 1,475.8 1,401.7 1,433.1 1,539.6 1,458.7 1,523.1 1,519.7 1,484.4 25 1,243.5 1,168.0 1,190.3 1,279.1 1,229.6 1,284.9 1,282.3 1,247.8 49.7 26 46.0 46.6 55.7 45.9 46.8 46.4 45.8 1,429.3 1,370.4 1,322.5 1,344.1 1,433.6 1,461.3 1,493.3 1,508.5 1,525.7 1,539.0 1,585.0 1,187.4 1,139.5 1,097.4 1,108.5 1,194.9 1,217.1 1,240.8 1,254.2 1,272.4 1,275.6 1,314.4 45.7 47.1 47.4 58.0 48.0 49.0 50.3 52.0 54.3 55.0 55.6 27 28 29 30 172.8 88.4 84.4 120.2 164.8 80.0 84.8 103.6 158.4 80.9 77.5 103.5 176.1 83.0 93.1 133.0 169.9 89.2 80.7 117.9 176.7 88.3 88.5 127.9 179.6 87.0 92.6 127.1 186.4 86.1 100.4 116.7 167.3 80.0 87.3 114.2 156.5 78.2 78.3 102.5 148.9 75.7 73.2 81.0 148.0 78.1 69.9 76.6 156.8 79.2 77.6 108.2 161.4 81.8 79.6 111.7 167.3 84.5 82.8 117.5 175.5 82.2 93.3 135.9 173.3 79.5 93.9 130.5 177.8 82.6 95.2 137.1 177.7 87.6 90.1 128.6 31 347.0 298.0 283.3 294.4 346.2 362.2 359.3 338.2 300.2 280.4 273.3 276.0 286.1 285.5 285.7 283.7 291.8 295.3 307.0 32 26.4 31.4 25.5 23.7 24.9 26.8 30.6 31.1 31.1 30.8 32.4 28.5 24.6 22.3 26.4 23.5 23.7 23.0 24.6 33 34 89.8 230.9 74.0 192.6 75.2 182.7 76.2 194.5 89.5 231.8 95.9 239.5 90.4 238.3 82.4 224.6 74.9 194.2 69.9 179.7 68.8 172.0 74.1 173.3 76.0 185.5 76.0 187.2 74.5 184.9 73.2 187.0 75.2 192.9 76.6 195.6 79.8 202.6 35 195.9 189.8 203.7 209.7 195.4 197.4 193.5 188.4 190.6 191.1 189.1 192.5 204.2 209.0 209.4 204.6 211.6 203.8 218.9 36 37 38 39 40 41 42 43 44 45 46 47 282.0 149.5 132.5 79.6 232.3 13.5 64.7 24.3 41.4 16.5 64.0 7.9 284.5 146.6 137.9 80.7 233.6 15.0 60.2 22.6 38.7 16.7 72.4 8.0 308.0 160.6 147.4 83.7 242.7 19.2 58.0 20.0 38.5 19.3 79.7 8.0 332.7 170.4 162.3 77.4 260.4 23.3 57.3 21.1 44.5 19.6 86.3 8.2 280.0 147.8 132.2 74.4 229.1 13.5 64.6 24.5 40.7 15.4 62.6 7.9 287.0 151.0 136.0 86.9 238.3 14.1 64.3 25.0 43.2 18.5 65.1 8.1 294.4 156.1 138.2 82.2 237.3 13.2 64.8 24.4 43.0 17.0 66.9 8.0 291.8 152.0 139.8 80.6 236.6 14.1 63.5 23.2 41.8 16.5 69.5 8.1 286.7 146.5 140.3 82.8 241.9 13.8 66.9 24.5 40.1 16.3 72.2 8.1 281.4 144.2 137.2 79.7 230.9 14.8 58.4 23.6 36.6 16.6 72.8 8.1 278.1 143.9 134.2 79.9 225.1 17.2 51.9 19.2 36.3 17.4 75.1 8.0 287.9 150.9 137.0 80.1 235.6 17.6 57.8 19.5 35.6 18.9 78.3 8.0 306.7 163.2 143.5 83.9 238.7 18.7 57.0 19.5 38.3 19.6 77.7 8.0 314.5 163.0 151.5 84.8 244.1 20.0 57.3 19.3 39.1 20.1 80.4 8.0 322.8 165.4 157.4 86.1 252.5 20.8 60.1 21.6 41.1 18.4 82.6 8.0 327.5 164.1 163.4 72.8 254.3 22.7 56.7 19.8 43.5 18.8 84.7 8.1 328.4 165.9 162.5 81.7 253.3 24.0 52.1 19.7 44.7 19.3 85.3 8.2 328.2 168.4 159.9 77.7 263.5 23.1 58.3 22.1 44.9 20.0 86.7 8.2 346.5 183.2 163.3 77.5 270.7 23.5 62.2 22.9 45.0 20.3 88.5 8.3 48 49 50 569.2 215.1 52.8 521.2 210.2 54.9 489.8 208.0 54.5 498.6 226.1 60.4 566.4 210.4 52.4 587.6 223.2 54.7 580.0 220.4 52.7 570.6 218.3 54.4 533.9 213.7 54.5 499.1 205.8 55.2 481.3 203.2 55.5 477.9 199.8 54.9 493.8 207.1 54.0 502.7 211.4 54.2 484.8 213.5 54.9 484.5 223.1 56.9 485.9 221.7 57.5 497.1 224.9 60.6 526.8 234.7 66.5 51 52 53 54 731.5 820.7 422.8 1,123.3 676.6 643.3 770.4 754.8 413.3 419.9 1,064.4 1,086.8 664.3 796.3 482.9 1,146.1 724.5 815.8 413.8 1,111.7 756.2 747.8 842.2 836.9 442.6 445.4 1,156.9 1,155.3 734.6 804.9 442.9 1,131.1 693.1 758.6 428.8 1,073.2 649.7 733.7 405.8 1,036.9 650.2 661.4 789.7 788.9 482.7 486.7 1,141.9 1,138.4 695.1 835.6 478.8 1,185.8 629.0 622.8 721.9 737.6 375.5 370.9 1,016.4 1,031.9 646.9 659.9 774.5 781.6 420.4 435.5 1,086.7 1,105.5 643.4 650.7 788.0 770.9 452.8 483.3 1,123.3 1,118.3 1. Exports and Imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. Foreign Transactions 118 February 2004 Table 4.2.6. Real Exports and Imports of Goods and Services by Type of Product, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Exports of goods and services........................... Exports of goods1..................... Foods, feeds, and beverages.... Industrial supplies and materials............................... Durable goods..................... Nondurable goods............... Capital goods, except automotive............................ Civilian aircraft, engines, and parts................................. Computers, peripherals, and parts2............................... Other.................................... Automotive vehicles, engines, and parts.............................. Consumer goods, except automotive............................ Durable goods..................... Nondurable goods............... Other........................................ Exports of services1................. Transfers under U.S. military agency sales contracts........ Travel........................................ Passenger fares....................... Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Residual....................................... 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 parts2............................... Other.................................... Automotive vehicles, engines, and parts.............................. Consumer goods, except automotive............................ Durable goods..................... Nondurable goods............... Other........................................ Imports of services1.................. Direct defense expenditures.... Travel........................................ Passenger fares........................ Other transportation................ Royalties and license fees....... Other private services............. Other........................................ Residual....................................... Addenda: Exports of durable goods........ Exports of nondurable goods... Exports of agricultural goods3.. Exports of nonagricultural goods.................................... Imports of durable goods......... Imports of nondurable goods.... Imports of nonpetroleum goods III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 1 1,096.3 1,039.0 1,014.2 1,033.9 1,092.0 1,120.0 1,112.3 1,099.6 1,060.9 1,010.6 719.7 2 784.3 736.5 707.2 776.6 810.0 798.9 787.8 749.5 711.3 48.2 3 47.9 49.2 47.2 50.8 49.7 48.3 47.3 49.5 48.2 984.8 697.4 49.6 995.4 1,016.5 1,027.3 1,017.5 1,012.4 1,009.6 1,033.7 1,079.9 692.8 712.7 720.1 703.2 703.5 718.2 706.5 750.5 49.9 47.4 47.1 48.8 48.0 49.2 47.0 48.6 4 5 6 166.6 63.6 103.0 160.1 58.1 102.1 160.7 56.9 103.9 164.6 58.3 106.5 163.2 63.4 99.8 170.5 64.0 106.5 170.4 64.7 105.7 165.5 62.4 103.2 160.3 58.7 101.6 157.0 56.0 101.0 157.8 55.3 102.6 157.4 55.6 101.9 162.9 58.1 104.9 160.8 57.1 103.8 161.8 56.9 105.0 164.7 58.3 106.6 163.3 58.5 104.9 163.7 57.2 106.6 166.8 59.1 107.9 / 357.0 321.9 294.0 299.8 357.1 373.6 367.6 363.2 329.2 303.8 291.4 287.5 295.6 302.7 290.1 288.3 287.5 300.7 322.8 8 48.1 49.9 46.6 41.9 52.1 48.4 47.1 53.6 51.6 49.1 45.2 45.5 46.3 50.8 43.7 41.1 39.2 42.2 45.0 q 10 253.4 222.6 204.5 213.3 249.6 266.1 263.1 253.2 227.9 207.7 201.7 199.9 206.9 208.5 202.5 204.3 206.9 212.7 229.5 11 80.4 75.2 78.3 78.7 80.3 79.1 78.4 73.9 76.3 75.9 74.7 75.2 79.7 80.7 77.6 78.7 78.6 77.4 80.0 12 13 14 15 16 89.4 46.7 42.7 43.1 311.9 88.7 46.3 42.3 41.4 302.4 85.1 44.0 41.1 41.0 306.8 90.2 45.9 44.4 38.5 314.0 88.7 46.0 42.7 40.3 315.3 91.5 47.7 43.8 44.5 310.0 89.7 46.4 43.3 45.5 313.4 92.8 48.9 44.0 42.8 311.8 91.9 48.4 43.5 42.2 311.3 85.5 44.6 40.8 41.1 299.2 84.4 43.3 41.1 39.7 287.3 83.2 43.2 40.0 39.8 302.5 85.4 44.2 41.2 40.6 303.7 86.0 44.6 41.4 42.7 307.0 85.8 43.9 41.9 41.0 314.0 87.0 42.9 44.0 39.2 305.7 88.5 44.5 44.0 38.7 305.9 91.1 46.4 44.7 37.9 315.2 94.4 49.5 44.9 38.3 329.1 17 18 19 20 21 22 23 24 12.8 82.4 20.7 29.8 43.2 109.3 13.7 0.0 12.0 71.6 17.8 28.7 40.3 118.0 14.0 0.3 11.6 67.0 16.4 29.5 42.8 125.3 14.2 0.3 12.3 66.2 14.3 30.3 44.9 131.6 14.4 -0.8 14.1 84.1 21.2 30.5 43.6 108.3 13.5 0.0 11.9 80.9 20.7 29.5 43.6 109.5 13.9 0.0 13.0 81.4 20.7 29.0 42.7 112.5 13.9 0.1 10.2 82.1 20.0 29.8 40.8 114.9 13.9 0.1 13.5 77.3 19.5 29.2 40.8 117.2 14.0 0.1 12.8 69.3 17.8 28.4 38.9 118.0 14.1 0.2 11.5 57.6 13.8 27.6 40.7 122.0 14.1 -0.1 10.9 66.3 16.9 29.8 40.5 123.9 14.2 0.2 10.5 64.5 16.8 28.7 43.6 125.3 14.1 0.3 13.4 65.3 15.8 29.1 44.1 125.2 14.2 0.7 11.6 72.0 16.3 30.2 43.0 126.7 14.2 0.1 11.0 64.4 13.6 29.5 44.4 128.5 14.3 -0.1 11.7 60.0 13.3 30.9 44.5 131.2 14.4 -0.7 13.0 66.7 14.6 29.8 45.0 131.7 14.4 -0.8 13.4 73.7 15.7 31.2 45.6 135.0 14.4 -1.3 2b 1,475.8 1,437.1 1,484.7 1,539.4 1,466.5 1,515.6 1,509.5 1,485.5 1,452.7 1,411.9 1,398.2 1,426.7 1,484.1 1,499.2 1,529.0 1,502.5 1,535.7 1,538.9 1,580.6 26 1,243.5 1,203.7 1,248.4 1,304.1 1,236.3 1,277.7 1,272.7 1,250.6 1,210.5 1,181.7 1,172.1 1,190.1 1,250.4 1,265.2 1,288.1 1,266.2 1,307.4 1,302.4 1,340.4 27 46.0 48.1 54.5 45.6 47.0 46.9 49.0 49.4 50.4 50.6 46.3 47.0 50.1 51.1 51.7 53.9 53.2 54.5 56.5 28 29 30 31 172.8 88.4 84.4 120.2 166.4 83.0 83.4 124.4 171.2 87.3 83.9 120.9 175.9 87.4 88.2 129.3 172.3 88.4 83.9 123.6 174.5 87.9 86.6 122.8 172.2 88.1 84.2 120.8 173.0 86.8 86.2 127.3 163.9 81.1 82.6 129.5 164.5 81.5 83.0 119.8 164.1 82.5 81.7 120.9 165.0 85.4 79.5 114.6 169.2 85.1 84.1 123.6 173.5 87.7 85.8 120.1 177.4 91.0 86.4 125.4 174.0 88.5 85.5 121.2 174.2 85.5 88.2 135.4 178.5 86.2 91.6 134.3 177.0 89.4 87.3 126.2 32 347.0 307.4 302.3 319.0 344.9 362.5 362.9 343.4 308.3 291.2 286.8 292.6 304.1 304.5 308.0 306.5 315.7 319.6 334.0 33 26.4 30.2 24.2 22.4 25.1 26.6 30.1 30.4 30.0 29.5 31.0 27.2 23.4 20.9 25.4 22.6 22.6 21.6 23.0 •M 3b 230.9 195.2 189.1 200.6 230.8 239.9 239.8 226.5 196.7 182.5 175.1 178.8 192.0 193.7 192.1 193.7 199.2 201.2 208.4 36 195.9 189.9 203.3 208.2 195.4 197.1 193.2 188.2 190.9 191.6 188.9 192.5 204.0 208.4 208.2 203.6 210.3 202.5 216.3 3/ 38 39 40 41 42 43 44 45 46 47 48 49 282.0 149.5 132.5 79.6 232.3 13.5 64.7 24.3 41.4 16.5 64.0 7.9 -0.1 286.8 148.4 138.4 81.1 233.2 15.1 61.6 20.7 39.3 16.4 72.1 8.1 -0.2 313.7 165.3 148.5 84.8 236.4 18.7 56.6 17.4 40.4 18.7 77.2 7.9 -0.5 339.5 176.6 162.9 76.8 236.2 19.3 50.0 18.1 41.4 18.7 81.7 7.6 -2.4 279.9 147.7 132.2 74.5 230.1 13.7 64.3 24.7 41.2 15.4 62.9 7.9 0.2 287.2 151.1 136.1 86.7 237.9 14.2 64.4 25.2 42.9 18.5 64.6 8.1 -0.1 295.4 156.7 138.7 81.8 236.8 13.2 66.4 23.3 42.1 16.8 67.0 8.0 -0.5 292.9 152.6 140.2 79.6 234.9 14.1 64.9 21.5 41.4 16.3 68.7 8.1 0.1 288.8 148.0 140.8 82.8 241.9 14.1 68.8 22.6 40.1 16.0 72.4 8.1 -0.2 283.9 146.1 137.7 80.6 230.1 14.9 59.7 21.3 37.1 16.3 72.8 8.1 0.2 281.7 146.8 134.9 81.2 226.0 17.5 53.0 17.4 38.5 17.0 74.7 8.1 -0.9 292.7 154.7 138.0 81.6 236.2 18.6 58.1 17.5 38.2 18.5 77.5 8.1 0.7 312.7 167.7 145.1 85.2 234.0 18.7 56.0 17.1 40.7 19.0 75.0 7.9 -1.1 320.3 167.8 152.5 85.8 234.4 18.6 54.9 16.3 40.7 19.5 77.1 7.8 -1.1 329.2 170.9 158.4 86.8 241.2 19.0 57.2 18.8 41.9 17.7 79.0 7.8 -0.5 334.4 169.9 164.3 72.5 236.5 19.2 51.7 17.1 43.0 18.0 80.4 7.7 -1.3 335.2 171.9 163.2 81.2 229.8 19.8 45.3 16.6 42.0 18.5 80.8 7.6 -2.1 335.0 174.5 160.5 77.0 237.2 19.3 51.0 18.6 40.4 19.1 81.8 7.6 -2.2 353.5 190.2 163.5 76.5 241.2 18.8 52.1 20.0 40.2 19.2 83.9 7.6 -4.1 50 51 52 569.2 215.1 52.8 522.2 214.4 54.5 493.7 213.7 53.1 501.8 218.2 53.3 566.9 209.8 51.6 586.7 223.3 55.8 579.7 219.1 52.4 569.8 218.0 53.9 533.7 215.8 54.4 500.9 210.5 53.9 484.6 213.1 55.8 481.4 211.7 55.6 497.9 215.0 54.2 506.5 213.8 51.5 489.1 214.3 51.3 487.9 218.7 52.7 488.6 215.1 52.2 500.5 218.0 54.0 530.3 220.9 54.0 731.5 682.0 654.0 820.7 769.4 801.4 447.4 422.8 434.6 1,123.3 1,080.0 1,127.1 666.4 830.0 474.4 1,174.4 725.0 813.7 422.5 1,112.8 754.2 842.0 435.8 1,155.1 746.4 733.9 841.8 810.7 431.3 439.9 1,152.3 1,123.5 695.1 769.9 440.9 1,081.9 657.4 751.2 431.0 1,062.2 641.5 746.0 426.8 1,052.2 637.0 766.5 423.6 1,074.4 658.4 804.4 446.3 1,126.7 668.7 651.8 812.2 822.3 453.4 466.2 1,144.8 1,162.5 653.6 805.1 461.4 1,144.9 651.2 824.8 482.5 1,171.3 53 54 55 56 664.0 696.7 821.4 868.5 480.8 472.9 1,167.3 1,214.0 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. The quantity index for computers can be used to accurately measure the real growth of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate series; accurate estimates of these contributions are shown in table 4.2.2. and real growth rates are shown in table 4.2.1. 3. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. N ote . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. For exports and for imports, the residual line is the difference between the aggregate line and the sum of the most detailed lines. February 2004 S urvey of 119 C u rr e n t B u sin ess 5. Saving and Investment Table 5.1. Saving and Investment [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 III Gross saving....................... Net saving................................... Net private saving.................... Personal saving................... Undistributed corporate profits with inventory valuation and capital consumption adjustments. Undistributed profits........ Inventory valuation adjustment.................... Capital consumption adjustment.................... Wage accruals less disbursements................. Net government saving............ Federal................................. State and local...................... Consumption of fixed capital.... Private...................................... Domestic business.............. Households and institutions. Government.............................. Federal................................. State and local..................... Gross domestic investment, capital account transactions, and net lending, NIPAs... Gross domestic investment......... Gross private domestic investment............................ Gross government investment.. Capital account transactions (net)1........................................ Net lending or net borrowing (-), NIPAs........................................ Statistical discrepancy..... Addenda: Gross private saving................ Gross government saving........ Federal................................. State and local..................... Net domestic investment......... Gross saving as a percentage of gross national income... Net saving as a percentage of gross national incom e...... 1,770.5 1,658.0 1,539.4 582.7 391.1 250.8 323.2 343.3 494.0 127.2 183.2 168.5 174.8 130.3 196.0 122.4 -14.1 9.1 58.6 64.5 1,772.4 1,795.1 595.4 595.2 354.5 355.0 163.8 171.3 190.1 183.2 135.0 164.9 115.7 2.2 -11.3 -6.3 161.5 228.2 59.6 55.5 2003 2002 II IV III IV 1,730.0 1,720.8 1,649.7 1,606.3 1,655.2 1,587.2 1,575.8 1,525.6 1,469.0 1,388.5 1,436.9 1,470.2 508.7 490.4 392.7 315.7 229.7 161.1 392.1 289.1 289.0 168.5 82.8 133.5 647.4 511.8 239.2 465.9 443.9 572.9 300.8 298.3 398.0 533.0 357.5 465.3 141.2 141.7 210.7 77.1 221.7 146.4 151.0 189.0 188.1 79.3 195.6 169.0 159.6 116.1 156.6 136.4 10.1 -4.9 - 53.6 25.1 159.9 144.3 146.8 104.6 320.9 104.4 316.3 126.7 311.3 147.4 1.6 14.3 28.7 12.1 0.9 187.9 177.4 - 17.2 27.8 163.0 296.9 153.4 - 11.1 154.7 318.9 179.1 292.9 174.7 383.8 153.5 10.8 -28.1 1.2 -1.8 146.3 229.2 260.1 - 150.7 127.2 459.3 201.1 277.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 239.4 240.2 207.9 192.2 67.8 -243.3 240.9 153.6 -5.9 -196.2 -244.0 -236.1 -296.8 -361.0 -439.3 -486.3 -68.5 189.5 50.5 -240.0 181.4 191.2 172.5 -2.8 -188.8 -232.0 -242.9 -296.3 -320.4 -424.7 -499.4 156.1 -80.1 128.9 -0.4 -14.7 50.0 17.3 59.5 -3.2 35.4 49.0 36.1 24.6 -7.4 -11.9 11.6 6.8 -40.6 13.1 -3.0 1,187.8 1,266.9 1,288.6 1,307.8 1,177.0 1,199.9 1,221.3 1.230.4 1,257.0 1,317.3 1,263.1 1,271.6 1,286.8 1,295.8 1,300.4 1,305.7 1,303.4 1,309.1 1,312.9 990.8 1,061.0 1,077.8 1,089.6 981.0 1,001.6 1 ,021.1 1.028.4 1,053.2 1,106.0 1,056.6 1,063.2 1,076.7 1,084.2 1,087.1 1,090.4 1,086.0 1,089.9 1,092.0 907.7 908.4 905.1 893.6 836.1 902.6 905.9 827.8 861.7 902.6 845.4 866.8 881.1 939.2 887.3 891.5 907.8 908.0 902.8 176.4 178.7 182.4 183.2 184.8 184.3 167.4 154.8 175.2 183.7 153.2 159.4 174.1 156.2 161.6 172.1 166.8 169.3 171.7 218.2 200.2 208.4 215.3 217.4 219.2 220.9 197.0 205.9 210.8 196.0 198.3 206.5 202.0 203.8 210.1 211.3 211.6 213.3 88.2 87.2 87.4 87.9 89.8 90.0 90.5 91.3 91.8 89.1 90.9 87.0 87.6 88.3 88.6 88.3 88.8 88.5 89.1 127.9 129.2 117.7 109.8 121.7 110.9 112.5 118.2 121.2 114.1 115.4 122.5 123.5 125.3 126.9 127.3 109.0 119.8 122.8 1,643.3 1,545.8 2.040.0 1.924.2 1,735.5 304.5 1.607.2 317.0 1.462.2 1.704.6 1.630.6 1.625.4 1.600.3 1,562.0 1,502.1 1,518.7 1,476.5 1.443.9 1,475.3 1.453.3 1,411.7 1.926.3 2,014.8 2.085.7 2.054.0 2.044.5 2,000.7 1,948.7 1,901.0 1.846.6 1,884.3 1,918.0 1.949.2 1,953.8 1,941.0 1,589.2 337.1 1,667.5 347.2 1.781.7 304.0 1.749.0 305.0 1.738.9 305.6 1.688.3 312.4 1.620.3 328.4 1,594.3 306.6 1,526.1 320.5 1,553.1 331.3 1.580.9 1.608.2 337.1 341.0 1,614.7 1.605.3 335.8 339.0 1,428.6 1.524.1 1.968.8 2,042.6 2,106.7 1,624.3 1.689.1 1,751.5 344.5 353.5 355.3 0.8 1.1 1.3 0.8 0.9 0.8 1.1 1.0 1.1 1.0 1.1 1.1 1.5 1.4 1.6 1.3 3.2 -397.4 -127.2 -379.5 -465.4 -77.2 -381.9 -67.8 -424.3 -164.6 -419.9 -104.6 -401.5 -387.7 -87.7 -400.0 -104.1 -328.8 -136.5 -408.9 -110.7 -475.3 -132.0 -475.4 -50.3 -501.9 -15.7 -530.9 23.2 -541.5 -8.3 -521.6 54.0 1.334.1 436.4 276.6 159.8 852.1 1.384.3 1,571.8 273.7 -32.4 138.8 -150.9 135.0 118.5 637.7 657.3 1,335.5 437.0 268.4 168.6 908.7 1.356.6 1.321.9 408.1 438.5 260.1 278.7 147.9 159.8 854.1 823.3 1,463.5 1.454.6 142.8 200.7 85.5 8.3 115.2 134.5 583.7 583.5 1,575.0 1,609.7 1,550.1 1.552.4 1.534.3 -83.4 -145.7 -33.9 -24.6 -143.2 -153.8 -206.5 -230.4 84.7 109.3 129.2 123.1 631.2 653.4 653.3 635.3 1.658.9 665.4 1,737.3 -267.1 -408.2 141.0 733.5 13.3 1.5 - 112.2 707.0 - 120.6 1,326.7 1.292.4 394.2 357.3 244.0 217.2 150.2 140.1 691.7 770.3 12.2 - 100.2 112.4 612.8 - 222.0 -334.1 112.2 17.7 16.2 14.6 17.9 17.8 17.1 16.9 16.2 15.7 15.9 15.2 14.9 14.4 13.8 12.9 13.2 5.8 3.8 2.4 6.0 5.9 5.0 4.8 3.8 2.8 3.8 3.0 2.7 2.2 1.6 0.8 1.2 1. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets. IV 310.8 151.6 - 2001 2000 793.S 120 Saving and Investm ent February 2004 Table 5.3.1. Percent Change From Preceding Period in Real Private Fixed Investment by Type [Percent] Seasonally adjusted at annual rates Line Private fixed investment.... Nonresidential............................ Structures............................... Commercial and health care Manufacturing...................... Power and communication... Mining exploration, shafts, and wells.......................... Other structures'................. Equipment and software....... Information processing equipment and software ... Computers and peripheral equipment................... Software2 ......................... Other3............................... Industrial equipment............ Transportation equipment.... Other equipment4................ Residential.................................. Structures............................... Permanent site..................... Single family.................... Multifamily........................ Other structures5................. Equipment............................... Addenda: Private fixed investment in structures.............................. Private fixed investment in equipment and software...... Private fixed investment in new structures6............................ Nonresidential structures..... Residential structures.......... 2000 2001 2002 2003 2000 II 2001 II 2002 2003 III IV I III IV III IV III IV 1 2 3 4 5 6 6.5 8.7 6.8 6.3 -6.1 14.7 -3.2 -4.5 -2.5 -6.2 -10.7 3.0 -3.7 -7.2 -18.4 -16.4 -46.1 -1.9 4.3 2.8 -4.7 -7.8 -20.1 -5.1 9.5 14.8 18.0 19.1 29.1 9.6 -0.6 2.2 9.6 12.5 -15.4 19.5 0.7 0.9 1.2 3.1 -0.6 10.7 -2.7 -4.5 -5.9 -7.2 16.4 -5.3 -9.2 -13.6 -5.6 -13.0 -28.7 10.2 -5.2 -8.4 2.2 -25.7 -22.8 -11.7 -10.8 -14.0 -35.3 -21.2 -61.1 -8.3 -2.5 -7.0 -23.9 -17.0 -51.0 7.4 0.6 -3.0 -14.5 -10.1 -43.6 -2.8 0.6 -1.1 -14.6 -12.9 -48.5 -5.6 2.1 -0.1 -5.6 -4.8 -26.7 2.6 1.1 -0.6 -4.0 -16.6 -16.6 12.2 6.1 7.0 3.9 -2.4 8.8 -24.0 15.8 12.8 -1.8 2.2 -2.8 -16.0 8.1 6.9 -3.0 -0.2 -4.6 -8.4 7 8 9 27.8 2.9 9.4 18.4 -4.2 -5.2 -28.3 -17.1 -2.8 16.5 -2.9 5.2 52.7 6.2 13.7 21.8 6.1 -0.2 16.9 -13.1 0.8 18.2 -21.7 -4.0 23.0 -0.9 -16.4 31.4 98.4 -12.2 -32.3 -57.4 -4.1 -56.3 -23.1 -0.2 -44.7 -3.4 1.2 19.1 -24.6 3.7 -15.8 -3.2 1.7 30.1 -0.9 0.5 89.1 13.6 8.0 8.9 -1.4 17.6 4.5 -6.8 10.0 10 17.4 -2.1 0.4 13.7 22.2 7.1 12.7 -4.3 -17.0 -12.7 -3.5 2.6 9.7 14.2 -1.5 17.3 16.8 27.1 15.2 11 12 13 14 15 16 17 18 19 20 21 22 23 21.2 12.1 20.3 7.7 ^1.1 3.5 0.8 0.7 0.8 1.1 -1.7 0.5 5.0 2.3 -2.5 -4.1 -8.9 -11.4 -3.7 0.4 0.4 0.6 0.2 4.4 0.0 0.3 13.8 -2.5 -2.9 -6.2 -10.1 -1.7 4.9 4.9 4.1 4.1 3.9 6.2 2.8 32.5 8.8 9.9 -3.9 -10.0 3.1 7.6 7.6 8.4 9.3 1.4 6.3 10.1 53.3 10.6 18.6 8.8 2.2 7.0 -3.5 -3.6 -5.4 -6.1 1.2 -0.7 -0.1 12.4 1.1 10.1 5.7 -16.8 -9.3 -8.0 -8.1 -13.4 -11.5 -27.8 0.6 0.3 5.6 11.8 17.5 -6.9 -20.3 -2.4 0.4 0.3 0.4 -1.6 19.3 0.2 2.0 17.1 -3.8 -13.8 2.5 -16.3 4.8 2.6 2.7 7.4 7.0 10.9 -4.0 -1.1 -20.6 -12.4 -19.4 -28.9 0.3 -14.9 3.7 3.8 5.0 4.9 5.0 2.0 -2.4 -27.5 -8.8 -9.0 -18.9 -16.5 3.2 3.1 3.1 2.8 2.3 7.1 3.6 1.8 28.8 -11.9 -7.8 -15.2 18.6 -15.3 -2.5 -2.6 -5.2 -7.0 10.8 1.3 6.3 32.5 -2.8 -4.7 21.0 -22.5 -3.0 8.7 8.8 5.8 7.0 -3.9 13.5 2.1 8.5 6.0 13.8 -14.4 -17.4 15.0 8.9 9.0 10.8 10.9 10.6 6.2 4.3 41.7 14.0 2.8 0.1 -19.4 0.1 4.2 4.3 5.0 5.1 3.7 3.2 -1.6 12.0 -3.4 -5.9 -3.1 18.1 3.1 6.8 6.8 6.2 8.3 -9.1 7.5 6.8 29.2 11.6 17.4 -7.4 -27.4 -10.5 4.5 4.5 8.2 8.5 5.7 -1.0 6.5 48.6 9.9 9.7 -1.3 -7.6 4.3 4.5 4.2 -0.4 0.1 -4.8 11.8 21.3 53.4 15.2 26.8 1.5 -4.8 25.2 21.9 22.0 20.8 21.5 15.1 23.8 19.3 28.9 13.6 10.0 -6.8 6.8 12.7 10.6 10.5 24.8 28.1 -1.4 -8.6 14.4 I II I 24 3.2 -0.9 -4.7 3.3 4.7 -1.1 0.7 -1.0 -0.2 2.8 -17.4 -5.0 -0.1 -2.7 2.4 1.6 4.1 13.8 6.1 25 9.3 -5.1 -2.8 5.3 13.6 -0.2 0.8 ^ .0 -16.3 -12.1 -4.0 -0.2 1.2 3.7 1.7 0.6 8.1 17.6 10.1 26 27 28 3.1 6.8 0.3 -1.4 -3.5 0.2 -5.4 -17.6 4.2 2.5 -4.7 6.9 4.4 17.9 -5.0 -1.6 9.5 -9.9 0.3 1.3 -0.5 -0.4 -6.0 4.5 -0.7 -5.5 3.5 -4.3 -12.6 2.8 -12.1 -24.1 -1.8 -7.9 -23.9 5.2 -1.2 -14.4 8.5 -2.4 -14.5 5.8 1.6 -5.6 6.2 2.6 -4.0 6.5 0.7 3.9 -1.0 9.4 -1.8 16.2 10.4 -3.0 18.0 1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 2. Excludes software “embedded,” or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. II February 2004 S urvey of 121 C u rren t B u sin ess Table 5.3.2. Contributions to Percent Change in Real Private Fixed Investment by Type Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Percent change at annual rate: Private fixed investment.... Percentage points at annual rates: Nonresidential............................ Structures............................... Commercial and health care Manufacturing...................... Power and communication... Minina exploration, shafts, and wells.......................... Other structures1................. Equipment and software Information processing equipment and software... Computers and peripheral equipment.................... Software2......................... Other3............................... Industrial equipment............ Transportation equipment.... Other equipment4................ Residential.................................. Structures............................... Permanent site..................... Single family.................... Multifamily........................ Other structures5................. Equipment............................... Addenda: Private fixed investment in structures.............................. Private fixed investment in equipment and software ... Private fixed investment in new structures6............................ Nonresidential structures.... Residential structures.......... III 2002 2001 IV I II III IV I II 2003 IV III I II III IV 1 6.5 -3.2 -3.7 4.3 9.5 -0.6 0.7 -2.7 -9.2 -5.2 -10.8 -2.5 0.6 0.6 2.1 1.1 6.1 15.8 8.1 2 3 4 5 6 6.31 1.25 0.51 -0.13 0.38 -3.27 -0.48 -0.51 -0.21 0.09 -5.09 -3.64 -1.35 -0.84 -0.06 1.93 -0.81 -0.58 -0.21 -0.17 10.47 3.13 1.45 0.51 0.26 1.59 1.69 0.97 -0.32 0.49 0.62 0.21 0.26 -0.01 0.29 -3.37 -1.18 -0.63 0.29 -0.16 -10.17 -1.07 -1.15 -0.64 0.29 -6.11 0.46 -2.41 -0.47 -0.38 -10.06 -8.02 -1.77 -1.46 -0.25 -5.06 -4.86 -1.40 -0.96 0.23 -2.11 -2.69 -0.79 -0.68 -0.09 -0.77 -2.63 -1.00 -0.68 -0.18 -0.08 -0.94 -0.35 -0.28 0.08 -0.39 -0.66 -1.24 -0.15 0.37 4.64 0.62 -0.16 0.07 -0.85 8.59 -0.27 0.15 -0.02 -0.50 4.58 -0.45 -0.02 -0.04 -0.24 7 8 9 0.37 0.12 5.06 0.33 -0.18 -2.79 -0.65 -0.73 -1.45 0.25 -0.11 2.74 0.65 0.26 7.34 0.32 0.24 -0.11 0.27 -0.59 0.41 0.32 -1.00 -2.19 0.46 -0.04 -9.10 0.69 3.03 -6.57 -0.93 -3.61 -2.05 -1.71 -1.02 -0.20 -1.00 -0.13 0.58 0.28 -1.05 1.86 -0.27 -0.12 0.86 0.41 -0.03 0.26 1.10 0.46 4.02 0.16 -0.05 8.85 0.08 -0.24 5.03 10 4.49 -0.58 0.10 3.64 5.72 1.92 3.38 -1.20 -4.87 -3.51 -0.92 0.59 2.41 3.54 -0.43 4.29 4.35 7.16 4.09 11 12 13 14 15 16 17 18 19 20 21 22 23 1.22 1.19 2.07 0.72 -0.44 0.29 0.21 0.19 0.13 0.16 -0.03 0.05 0.02 0.13 -0.26 -0.45 -0.84 -1.08 -0.29 0.10 0.09 0.10 0.02 0.07 0.00 0.00 0.67 -0.27 -0.31 -0.55 -0.87 -0.13 1.40 1.39 0.70 0.63 0.07 0.69 0.01 1.60 0.96 1.08 -0.34 -0.82 0.26 2.40 2.35 1.57 1.53 0.03 0.78 0.05 2.66 1.08 1.98 0.83 0.23 0.56 -0.95 -0.95 -0.88 -0.90 0.02 -0.07 0.00 0.71 0.11 1.10 0.53 -1.79 -0.76 -2.21 -2.21 -2.28 -1.73 -0.55 0.06 0.00 0.32 1.18 1.87 -0.68 -2.10 -0.19 0.09 0.08 0.06 -0.23 0.28 0.02 0.01 0.91 -0.43 -1.68 0.24 -1.59 0.36 0.67 0.68 1.11 0.93 0.17 -0.43 0.00 -1.25 -1.36 -2.26 -3.04 0.02 -1.21 1.01 1.02 0.81 0.72 0.09 0.21 -0.01 -1.59 -0.95 -0.98 -1.80 -1.50 0.24 0.88 0.87 0.47 0.35 0.13 0.40 0.01 1.20 -1.29 -0.84 -1.36 1.50 -1.26 -0.71 -0.74 -0.89 -1.09 0.20 0.15 0.03 1.40 -0.29 -0.52 1.65 -2.20 -0.24 2.58 2.57 1.03 1.11 -0.08 1.54 0.01 0.41 0.61 1.38 -1.36 -1.58 1.11 2.70 2.68 1.93 1.72 0.21 0.75 0.02 1.84 1.40 0.30 0.00 -1.68 0.00 1.33 1.34 0.94 0.86 0.08 0.40 -0.01 0.61 -0.38 -0.65 -0.28 1.31 0.25 2.15 2.12 1.18 1.38 -0.20 0.94 0.03 1.38 1.18 1.73 -0.65 -2.48 -0.89 1.46 1.43 1.56 1.45 0.11 -0.13 0.03 2.26 1.05 1.04 -0.11 -0.57 0.34 1.50 1.40 -0.08 0.02 -0.10 1.49 0.10 2.68 1.65 2.83 0.13 -0.34 1.91 7.18 7.08 4.04 3.73 0.31 3.04 0.09 1.58 1.42 1.10 -0.54 0.49 0.98 3.55 3.49 4.66 4.69 -0.03 -1.17 0.07 24 1.44 -0.39 -2.24 1.54 2.18 -0.52 0.29 -0.51 -0.05 1.33 -8.76 -2.29 -0.01 -1.29 1.18 0.78 2.02 6.81 3.04 25 5.08 -2.79 -1.44 2.78 7.34 -0.10 0.41 -2.19 -9.11 -6.56 -2.02 -0.19 0.60 1.86 0.89 0.29 4.11 8.95 5.09 26 27 28 1.32 1.24 0.08 -0.61 -0.66 0.06 -2.38 -3.42 1.04 1.03 -0.80 1.83 1.92 3.11 -1.18 -0.71 1.68 -2.39 0.12 0.24 -0.12 -0.22 -1.20 0.98 -0.23 -1.06 0.82 -1.93 -2.62 0.69 -5.41 -4.97 -0.43 -3.49 -4.85 1.36 -0.46 -2.67 2.21 -1.04 -2.60 1.56 0.75 -0.94 1.69 1.12 -0.66 1.78 0.34 0.62 -0.28 4.29 -0.27 4.56 4.45 -0.45 4.90 1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 2. Excludes software ‘embedded," or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. 122 Saving and Investm ent February 2004 Table 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes [Index numbers, 2000=100] Seasonally adjusted Line 2000 2001 2002 2003 2000 II Private fixed investment.... Nonresidential............................ Structures............................... Commercial and health care Manufacturing...................... Power and communication... Mining exploration, shafts, and wells.......................... Other structures1................. Equipment and software....... Information processing equipment and software... Computers and peripheral equipment................... Software2 ........................ Other3............................... Industrial equipment............ Transportation equipment.... Other equipment4................ Residential.................................. Structures............................... Permanent site.................... Single family.................... Multifamily........................ Other structures5................. Equipment............................... Addenda: Private fixed investment in structures.............................. Private fixed investment in equipment and software...... Private fixed investment in new structures6............................ Nonresidential structures..... Residential structures.......... 1 2 3 4 5 6 100.000 96.826 93.258 100.000 95.517 88.683 100.000 97.465 79.492 100.000 93.803 78.414 100.000 89.285 48.152 100.000 103.039 101.099 7 100.000 118.437 8 100.000 95.829 9 100.000 94.825 10 100.000 11 12 13 14 15 16 17 18 19 20 21 22 23 97.855 84.947 79.462 92.144 102.321 97.538 95.930 91.086 88.646 96.334 100.351 100.352 100.606 100.164 104.356 99.966 100.293 116.477 95.068 93.181 85.452 79.729 94.721 105.228 105.263 104.698 104.256 108.435 106.126 103.061 24 100.000 99.149 94.525 25 100.000 94.869 92.233 IV I II 2002 III IV I II 2003 III IV I 97.291 100.600 100.443 100.619 99.932 97.560 96.258 93.554 92.969 93.106 93.238 93.718 93.968 91.131 100.526 101.066 101.282 100.125 96.535 94.453 90.955 89.314 88.641 88.399 88.378 88.248 75.753 99.785 102.088 102.383 100.843 99.406 99.958 89.654 83.728 80.523 77.412 76.304 75.523 72.328 99.381 102.358 103.138 101.221 97.751 90.745 85.496 81.609 79.461 76.766 75.818 72.464 38.482 103.770 99.509 99.367 103.213 94.833 88.902 70.192 58.722 50.886 43.106 39.892 38.125 95.898 97.676 102.126 104.744 103.318 105.850 102.594 100.395 102.210 101.487 100.027 100.672 103.600 98.924 98.944 103.955 108.097 112.709 118.695 127.083 115.262 77.191 100.512 102.002 98.485 92.634 92.415 109.675 88.590 96.961 100.778 100.723 100.912 99.885 95.506 92.437 91.470 98.211 111.655 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 III 2001 80.805 82.241 91.693 98.547 95.245 94.392 94.998 103.213 98.576 96.189 92.273 89.703 95.952 100.354 100.367 100.896 100.635 103.089 99.562 99.537 95.248 96.343 93.949 87.554 85.754 96.706 101.120 101.139 101.591 101.201 104.882 100.448 99.974 101.473 93.351 92.071 84.022 89.488 92.766 100.480 100.464 100.255 99.392 107.610 100.785 101.520 108.868 92.692 90.965 88.125 83.956 92.068 102.596 102.605 101.670 101.096 106.538 104.037 102.049 111.106 94.060 93.955 84.776 80.040 95.350 104.805 104.831 104.320 103.736 109.266 105.613 103.117 97.660 100.377 100.108 100.282 100.026 99.967 100.650 95.954 94.734 94.700 97.095 100.771 100.716 100.908 95.538 91.551 91.507 91.786 154.294 103.474 102.365 82.108 71.790 97.689 113.255 113.254 113.530 113.946 109.993 112.826 113.488 99.588 101.315 104.384 103.238 93.698 82.955 91.420 100.704 99.775 98.784 100.278 103.842 101.807 100.786 100.802 101.418 101.224 103.041 99.868 99.832 103.683 100.043 101.198 101.673 99.169 99.352 98.718 98.698 97.825 98.166 94.970 100.024 99.908 105.111 102.880 105.360 99.873 93.707 98.748 98.807 98.780 97.925 97.768 99.245 100.077 100.411 109.350 101.882 101.508 100.497 89.641 99.911 99.451 99.440 99.684 99.428 101.841 99.069 100.141 99.887 92.498 84.421 76.638 92.536 80.863 76.014 92.927 95.378 89.751 76.244 72.032 38.936 96.746 III IV 98.932 100.886 92.485 94.042 75.906 75.338 72.430 72.385 38.662 38.205 92.625 90.618 86.362 101.267 103.455 104.612 75.833 78.285 78.007 76.639 93.047 94.851 98.779 101.166 97.227 100.502 100.115 104.182 108.297 114.996 119.145 124.706 96.336 93.191 84.117 79.073 96.101 107.629 107.680 107.205 107.149 107.671 108.405 104.386 132.950 99.021 96.996 82.516 73.002 93.460 108.828 108.872 109.347 109.368 109.162 108.134 106.050 146.791 101.393 99.259 82.247 71.581 94.445 110.021 110.006 109.229 109.394 107.826 111.196 111.289 94.051 94.613 94.990 95.952 99.107 100.593 92.618 93.020 93.153 94.984 98.922 101.322 121.228 97.184 94.612 84.791 75.848 95.364 105.884 105.934 105.595 105.043 110.267 106.451 102.690 163.361 105.045 105.335 82.554 70.701 99.913 115.616 115.609 114.509 114.842 111.682 117.296 116.316 174.073 108.439 107.871 81.115 71.876 102.941 118.553 118.531 121.034 122.182 111.300 114.680 120.296 26 100.000 98.559 93.263 95.582 100.455 100.045 100.128 100.021 99.852 98.752 95.612 93.663 93.385 92.812 93.192 93.784 93.952 96.097 98.493 27 100.000 96.495 79.540 75.810 99.780 102.071 102.394 100.817 99.390 96.092 89.679 83.757 80.566 77.476 76.362 75.579 76.303 75.965 75.393 28 100.000 100.240 104.439 111.633 101.006 98.404 98.283 99.363 100.218 100.921 100.456 101.739 103.829 105.300 106.888 108.582 108.308 112.440 117.202 1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers' commissions on the sale of structures. 2. Excludes software “embedded,” or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. II February 2004 S urvey of 123 C urrent B usin ess Table 5.3.4. Price Indexes for Private Fixed Investment by Type [Index numbers, 2000=100] Seasonally adjusted Line Private fixed investment.... Nonresidential............................ Structures............................... Commercial and health care Manufacturing...................... Power and communication... Mining exploration, shafts, and wells.......................... Other structures1................. Equipment and software....... Information processing equipment and software... Computers and peripheral equipment.................... Software2......................... Other3............................... Industrial equipment............ Transportation equipment.... Other equipment4................ Residential.................................. Structures............................... Permanent site.................... Single family.................... Multifamily........................ Other structures5.................. Equipment............................... Addenda: Private fixed investment in structures.............................. Private fixed investment in equipment and software...... Private fixed investment in new structures6............................ Nonresidential structures..... Residential structures.......... 1 2 3 4 5 6 2000 100.000 100.000 100.000 100.000 100.000 100.000 2001 101.087 99.770 105.518 103.839 104.002 102.899 2002 101.155 98.859 106.974 106.613 108.449 105.265 2003 102.273 98.676 109.128 108.915 111.042 108.489 2000 2001 2002 2003 II III IV I II III IV I II III IV I II III IV 99.788 99.841 99.366 99.594 99.581 99.752 100.252 100.191 100.455 100.409 100.382 100.328 100.479 100.195 101.697 101.266 101.255 101.241 100.492 99.731 103.322 102.148 102.182 101.881 100.885 99.790 105.068 103.114 103.308 102.500 101.486 99.933 106.686 104.559 105.009 103.472 101.484 99.626 106.997 105.536 106.341 103.745 101.274 99.300 106.759 106.259 107.869 104.333 101.096 98.925 106.888 106.483 108.367 104.841 100.908 98.554 106.975 106.548 108.592 105.762 101.341 98.658 107.274 107.163 109.255 106.124 101.808 98.579 108.268 108.256 110.373 107.071 101.796 98.293 108.559 108.503 110.622 108.046 102.319 98.678 109.288 108.894 111.019 108.952 103.168 99.154 110.395 110.005 112.151 109.887 7 100.000 121.860 111.934 110.206 96.962 101.158 105.580 114.241 123.322 127.043 122.833 114.721 113.079 111.233 108.705 109.203 108.379 110.830 112.410 8 100.000 104.176 106.419 108.769 99.509 100.409 101.512 102.578 103.532 104.855 105.739 106.024 106.225 106.361 107.065 108.092 108.401 108.801 109.782 9 100.000 97.786 96.121 95.294 100.005 100.102 99.681 98.499 97.973 97.591 97.079 96.746 96.228 95.730 95.781 95.404 94.961 95.251 95.561 10 100.000 11 12 13 14 15 16 17 18 19 20 21 22 23 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 95.363 91.736 82.098 100.947 97.490 100.793 99.070 101.455 104.628 104.704 104.776 105.022 102.764 104.593 100.131 70.466 100.279 96.068 101.049 99.792 102.272 107.105 107.231 107.550 107.706 106.260 106.747 99.571 88.749 100.140 97.805 96.150 99.164 90.553 89.512 89.077 88.684 87.723 62.067 101.104 98.583 95.852 87.718 84.323 80.229 76.120 73.689 71.939 69.283 99.290 99.498 100.952 101.122 101.044 101.317 100.723 100.704 100.731 100.112 100.208 95.228 100.192 99.770 99.141 98.429 97.567 97.090 96.873 96.640 96.135 95.884 101.873 99.922 100.109 100.168 100.556 100.799 100.801 101.015 100.876 100.848 101.194 104.120 99.793 100.463 100.083 98.705 98.208 99.910 99.456 99.868 99.684 98.332 103.295 99.876 100.146 100.432 100.995 101.284 101.516 102.024 102.057 101.981 102.399 111.171 99.635 100.418 101.263 102.587 103.868 105.652 106.407 106.478 106.762 106.998 111.408 99.624 100.424 101.286 102.623 103.935 105.744 106.513 106.583 106.883 107.126 111.975 99.672 100.353 101.176 102.499 103.666 105.875 107.066 107.042 107.173 107.279 112.091 99.671 100.373 101.226 102.653 103.906 106.165 107.357 107.233 107.323 107.401 110.911 99.855 100.381 100.912 101.266 101.665 103.430 104.586 105.375 105.830 106.160 110.546 99.553 100.534 101.455 102.811 104.347 105.542 105.671 105.888 106.441 106.894 96.849 100.297 100.048 99.884 100.437 99.899 100.126 100.063 100.150 99.569 99.273 66.951 100.067 95.613 101.279 101.286 102.653 108.184 108.331 108.707 108.820 107.674 107.764 99.291 64.232 99.417 95.451 101.552 102.079 102.996 109.881 110.074 110.780 110.895 109.727 109.006 98.224 62.648 99.439 95.479 101.683 100.133 103.344 110.485 110.712 111.212 111.327 110.155 109.955 96.764 61.254 100.013 95.016 102.058 103.593 103.488 111.321 111.565 111.932 112.047 110.868 111.006 96.593 60.136 98.290 94.966 102.197 110.676 103.354 112.996 113.281 113.976 114.094 112.893 112.217 95.815 94.705 93.672 92.966 92.088 99.517 100.436 101.456 102.913 104.402 106.129 106.712 106.662 106.899 107.088 107.986 109.479 110.002 110.815 112.339 95.306 100.007 100.102 26 100.000 104.948 107.033 110.450 27 100.000 105.527 106.984 109.154 28 100.000 104.489 107.011 111.143 97.043 96.032 91.335 24 100.000 105.039 107.159 110.659 25 100.000 99.956 99.682 98.514 97.989 97.612 97.104 96.774 96.255 95.760 95.811 94.975 95.260 95.560 99.540 100.410 101.394 102.803 104.223 106.032 106.732 106.622 106.788 106.911 107.809 109.360 109.789 110.535 112.114 99.371 100.467 101.681 103.317 105.076 106.711 107.005 106.766 106.897 106.986 107.287 108.289 108.582 109.316 110.430 99.675 100.368 101.167 102.397 103.548 105.501 106.509 106.487 106.675 106.818 108.065 109.931 110.437 111.189 113.016 1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers' commissions on the sale of structures. 2. Excludes software “embedded," or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, sen/ice industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. 95.427 124 February 2004 Saving and Investm ent Table 5.3.5. Private Fixed Investment by Type [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Private fixed investment.... Nonresidential............................ Structures............................... Commercial and health care Manufacturing...................... Power and communication... Mining exploration, shafts, ana wells.......................... Other structures1................. Equipment and software....... Information processing equipment and software... Computers and peripheral equipment................... Software2 ........................ Other3............................... Industrial equipment............ Transportation equipment.... Other equipment4................ Residential.................................. Structures............................... Permanent site.................... Single family.................... Multifamily........................ Other structures5................. Equipment............................... Addenda: Private fixed investment in structures.............................. Private fixed investment in equipment and software...... Private fixed investment in new structures6............................ Nonresidential structures..... Residential structures.......... III 2001 IV I II 2003 2002 III IV I II III I IV III IV 1 1,679.0 1,643.4 1,583.9 1,670.8 1,685.4 1,690.6 1,697.5 1,686.2 1,652.7 1,640.3 1,594.2 1,580.8 1,580.4 1,579.7 1,594.6 1,606.2 1,630.1 1,699.5 1,747.5 2 1,232.1 1,174.1 1,080.2 1,108.0 1,236.5 1,247.5 1,250.3 1,230.3 1,186.9 1,162.9 1,116.4 1,092.7 1,080.4 1,073.4 1,074.3 1,071.8 1,086.9 1,124.4 1,148.9 326.4 269.6 259.4 259.2 259.8 310.4 321.1 326.0 327.2 334.1 300.6 280.0 256.3 256.1 260.5 3 313.2 322.1 258.9 266.3 116.4 111.7 112.5 107.9 107.5 108.5 109.5 4 134.0 108.3 136.1 141.3 143.7 142.3 138.8 130.6 124.2 119.3 137.6 115.0 29.7 17.5 14.9 13.7 13.6 32.9 32.0 33.5 31.2 23.7 20.1 13.9 13.4 13.6 5 31.8 29.5 16.6 13.6 31.8 49.7 49.8 47.2 48.7 45.6 49.6 49.3 50.8 49.9 49.5 50.0 51.9 48.9 46.6 6 46.8 49.6 47.9 48.8 49.8 7 8 9 27.2 69.9 918.9 39.2 69.7 852.0 25.8 59.1 813.9 29.6 58.7 849.1 26.0 69.9 926.1 28.5 71.5 926.5 30.9 69.8 924.2 34.9 66.4 903.9 39.7 66.8 859.6 43.8 80.3 828.8 38.4 65.4 815.8 29.2 61.4 812.7 24.8 61.0 810.8 25.5 57.0 814.0 23.9 56.9 817.9 25.6 57.3 815.8 29.8 59.3 827.7 31.1 59.3 864.6 31.9 58.8 888.4 10 467.6 436.4 421.3 463.4 466.5 473.6 484.0 468.3 442.3 421.6 413.3 413.0 418.8 429.4 424.1 436.2 451.2 477.0 488.9 11 12 13 14 15 16 17 18 19 20 21 22 23 101.4 176.2 190.0 159.2 160.8 131.2 446.9 439.5 265.0 236.8 28.3 174.5 7.4 85.2 173.4 177.7 146.2 141.3 128.2 469.2 461.8 279.4 249.1 30.3 182.4 7.4 83.3 167.9 170.1 137.5 128.0 127.1 503.7 496.1 298.5 265.9 32.6 197.7 7.6 97.1 181.0 185.2 133.2 120.2 132.4 562.8 554.7 337.1 302.6 34.5 217.7 8.1 103.5 174.8 188.1 159.5 166.7 133.4 448.8 441.5 268.0 238.9 29.1 173.5 7.4 103.8 177.9 191.9 162.1 160.3 130.6 443.1 435.7 260.3 233.3 26.9 175.5 7.4 102.2 183.2 198.5 159.3 150.8 130.1 447.2 439.8 262.6 234.3 28.3 177.2 7.4 97.1 181.3 189.8 160.9 142.3 132.4 455.9 448.5 270.8 241.7 29.1 177.7 7.4 88.1 175.9 178.3 148.1 141.7 127.5 465.8 458.5 277.2 247.6 29.6 181.3 7.3 77.4 170.9 173.3 140.5 137.8 128.8 477.4 470.0 285.1 254.4 30.7 185.0 7.4 78.3 165.6 169.4 135.1 143.2 124.2 477.8 470.3 284.5 252.7 31.8 185.8 7.5 81.5 164.5 167.0 141.5 134.9 123.3 488.2 480.6 288.4 256.7 31.7 192.2 7.5 81.2 165.9 171.6 136.1 128.3 127.6 500.0 492.4 296.3 263.6 32.7 196.1 7.6 85.4 171.6 172.4 136.6 119.9 128.1 506.3 498.8 300.2 267.1 33.1 198.5 7.5 84.9 169.8 169.3 135.6 128.8 129.4 520.3 512.7 308.9 276.1 32.8 203.8 7.6 86.8 173.4 175.9 133.4 119.8 126.3 534.4 526.7 321.0 287.2 33.8 205.7 7.7 93.5 177.6 180.1 133.2 115.3 128.1 543.2 535.3 321.9 288.4 33.6 213.3 7.9 101.8 185.1 190.2 134.1 117.8 135.7 575.1 566.9 339.7 304.7 35.0 227.2 8.3 106.5 187.8 194.7 132.0 127.9 139.6 598.6 590.1 365.6 330.1 35.5 224.5 8.5 24 752.7 783.9 762.4 813.6 751.9 756.8 765.9 774.9 785.7 804.2 770.9 760.6 762.0 758.1 769.0 782.8 794.5 826.7 850.6 867.0 836.1 823.3 820.2 818.3 821.5 825.6 823.4 835.6 872.9 896.9 725.7 326.2 399.5 730.1 320.3 409.9 711.6 299.7 411.9 696.3 279.2 417.1 695.2 268.8 426.4 691.7 258.7 433.0 700.4 255.7 444.7 715.0 255.5 459.5 719.1 258.6 460.5 740.5 259.2 481.3 769.8 259.9 509.9 25 926.2 859.4 821.4 857.2 933.5 933.8 931.6 911.3 26 27 28 697.1 312.1 385.0 721.1 317.8 403.2 695.9 265.6 430.3 736.1 258.3 477.8 697.1 309.4 387.7 700.3 320.0 380.3 707.8 324.9 382.9 717.0 325.2 391.7 1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 2. Excludes software “embedded,” or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers' commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. II February 2004 125 S u r v e y o f C u r r e n t B u s in e s s Table 5.3.6. Real Private Fixed Investment by Type, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 2000 II Private fixed investment.... Nonresidential............................ Structures............................... Commercial and health care Manufacturing....................... Power and communication... Mining exploration, shafts, and wells.......................... Other structures1.................. Equipment and software....... Information processing equipment and software... Computers and peripheral Software3 ......................... Other4............................... Industrial equipment............ Transportation equipment.... Other equipment5................. Residential.................................. Structures............................... Permanent site..................... Single family..................... Multifamily........................ Other structures6................. Equipment............................... Residual....................................... Addenda: Private fixed investment in structures.............................. Private fixed investment in equipment and software...... Private fixed investment in new structures7............................ Nonresidential structures..... Residential structures.......... III 2002 2001 IV I II III IV I II 2003 III IV I II III IV 1 1,679.0 1,625.7 1,565.8 1,633.5 1,689.1 1,686.4 1,689.4 1,677.8 1,638.0 1,616.1 1,570.7 1,560.9 1,563.2 1,565.4 1,573.5 1,577.7 1,601.4 1,661.0 1,693.9 2 1,232.1 1,176.8 1,092.6 1,122.8 1,238.6 1,245.2 1,247.9 1,233.6 1,189.4 1,163.7 1,120.6 1,100.4 1,092.1 1,089.1 1,088.9 1,087.3 1,105.8 1,139.5 1,158.7 237.7 235.9 319.7 262.2 252.2 242.4 239.0 236.5 238.8 3 313.2 305.2 249.0 237.2 312.5 320.6 315.8 311.3 313.1 280.8 99.6 4 141.9 139.2 112.3 109.3 105.6 104.3 99.7 99.1 99.6 137.6 129.0 107.9 99.5 136.7 140.8 134.5 124.8 117.6 18.7 13.7 12.7 12.1 12.4 12.3 12.1 28.4 12.2 31.6 30.2 28.3 22.3 16.2 5 31.8 15.3 33.0 31.6 32.8 42.4 47.1 43.4 48.2 44.9 45.7 49.0 48.4 48.0 47.0 47.8 47.5 46.8 48.5 45.3 6 46.8 47.3 47.8 49.5 7 8 9 27.2 69.9 918.9 32.2 66.9 871.3 23.1 55.5 846.7 26.9 53.9 891.0 26.9 70.2 926.0 28.2 71.3 925.5 29.4 68.8 927.3 30.6 64.7 917.8 32.2 64.6 877.6 34.5 76.6 849.4 31.3 61.9 840.5 25.5 58.0 840.0 22.0 57.5 842.6 22.9 53.5 850.3 22.0 53.1 853.9 23.5 53.0 855.0 27.5 54.7 871.6 28.1 54.5 907.7 28.4 53.5 929.6 10 467.6 457.6 459.3 522.1 465.7 473.8 488.1 482.8 460.8 445.4 441.4 444.2 454.7 470.0 468.2 487.2 506.4 537.7 557.1 11 12 13 14 15 16 17 18 19 20 21 22 23 24 176.2 190.0 159.2 160.8 131.2 446.9 439.5 265.0 236.8 28.3 174.5 7.4 -0.1 171.8 182.3 145.0 142.6 126.4 448.5 441.1 266.7 237.2 29.5 174.4 7.4 0.6 167.5 177.1 136.1 128.2 124.3 470.3 462.7 277.5 246.9 30.6 185.2 7.6 -5.0 182.3 194.5 130.7 115.5 128.2 506.1 497.8 300.9 269.8 31.1 196.9 8.4 -17.8 175.8 187.7 159.7 167.0 133.6 450.4 443.1 268.8 239.7 29.1 174.3 7.3 0.2 176.2 192.3 161.9 159.5 130.4 441.2 433.8 259.3 232.4 26.8 174.5 7.4 0.1 181.2 200.2 159.0 150.7 129.6 441.6 434.2 259.5 231.5 28.0 174.6 7.4 -0.1 179.5 192.9 160.0 144.2 131.1 444.4 437.1 264.2 235.4 28.8 172.9 7.4 -1.0 173.7 182.8 146.9 144.3 125.9 448.5 441.2 267.4 238.3 29.1 173.7 7.3 0.3 169.7 178.5 139.4 137.9 126.9 451.9 444.5 269.3 239.6 29.6 175.3 7.4 3.0 164.4 175.0 133.8 143.9 121.7 449.0 441.6 265.7 235.3 30.4 175.9 7.5 -0.2 163.3 172.9 140.3 135.0 120.8 458.5 451.0 269.5 239.4 30.1 181.5 7.5 -2.6 165.7 178.5 135.0 128.7 125.1 468.4 460.8 276.5 245.6 30.9 184.3 7.6 -3.4 171.2 179.8 135.0 122.0 125.1 473.2 465.6 279.9 248.7 31.2 185.8 7.6 -6.5 169.7 177.1 133.9 127.2 126.1 481.0 473.3 284.1 253.7 30.4 189.2 7.7 -7.2 174.4 184.3 131.4 117.4 122.6 486.4 478.5 289.8 259.0 30.8 188.7 7.8 -10.4 178.6 188.6 131.0 115.1 123.9 491.7 483.5 289.5 259.0 30.5 194.0 8.2 -15.4 185.0 200.2 131.4 113.7 131.1 516.7 508.2 303.5 271.9 31.6 204.7 8.6 -20.8 191.0 205.0 129.1 115.6 135.1 529.8 521.0 320.8 289.3 31.5 200.1 8.9 -24.3 25 752.7 746.3 711.5 735.1 755.6 753.5 754.9 752.9 752.5 757.6 722.3 713.1 712.8 707.9 712.2 715.0 722.3 746.0 757.2 26 926.2 878.7 854.3 899.3 933.4 932.9 934.7 925.2 884.9 856.8 848.0 847.6 850.2 857.9 861.6 862.8 879.8 916.3 938.5 27 28 29 697.1 312.1 385.0 687.1 301.2 385.9 650.2 248.3 402.1 666.3 236.6 429.8 700.3 311.5 388.9 697.5 318.6 378.9 698.0 319.6 378.4 697.3 314.7 382.5 696.1 310.2 385.8 688.4 299.9 388.5 666.5 279.9 386.8 653.0 261.4 391.7 651.0 251.5 399.7 647.0 241.8 405.4 649.7 238.4 411.5 653.8 235.9 418.0 655.0 238.2 417.0 669.9 237.1 432.9 686.6 235.3 451.2 1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers' commissions on the sale of structures. 2. The quantity index for computers can be used to accurately measure the real growth rate of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate series; accurate estimates of these contributions are shown in table 5.3.2 and real growth rates are shown in table 5.3.1. 3. Excludes software ‘embedded,’’ or bundled, in computers and other equipment. 4. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 5. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 6. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers' commissions on the sale of residential structures. 7. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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. 126 Saving and Investm ent Table 5.4.1 B. Percent Change From Preceding Period in Real Private Fixed Investment in Structures by Type February 2004 Table 5.4.2B. Contributions to Percent Change in Real Private Fixed Investment in Structures by Type [Percent] Line Line Private fixed investment in structures.... Nonresidential................................................... Commercial and health care........................... Office1......................................................... Health care.................................................. Hospitals and special care...................... Hospitals............................................. Special care Medical buildings Multimerchandise shopping........................ Food and beverage establishments............ Warehouses...... Other commercial2 Manufacturing........ Power and communication.............................. Power................ Electric........... Other power............................................. Communication........................................... Mining exploration, shafts, and wells.............. Petroleum and natural gas.......................... Mining.......................................................... Other structures............................................... Religious...................................................... Educational and vocational........................ Lodging........................................................ Amusement and recreation........................ Transportation Air....... Land3... Farm....... Other4.......................................................... Brokers' commissions on sale of structures Residential......................................................... Permanent site................................................ Single-family structures............................... Multifamily structures................................... Other structures............................................... Manufactured homes................................... Dormitories.................................................. Improvements.............................................. Brokers’ commissions on sale of structures Addenda: Private fixed investment in new structures5.... Nonresidential structures............................. Residential structures.................................. 1999 2000 2001 2002 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 3.3 -0.4 3.2 6.3 -0.6 -5.4 -3.9 -8.9 15.7 10.7 -12.6 3.9 0.9 -22.5 17.4 -1.3 16.6 -26.5 49.5 -8.8 -8.6 -12.5 0.8 7.1 -4.6 3.3 6.7 -13.2 10.8 -17.9 13.3 -9.6 2.0 3.2 6.8 6.3 11.6 1.3 2.2 2.7 1.0 -1.2 -5.7 2.2 4.2 10.0 -6.1 14.7 27.3 45.3 -12.7 0.1 27.8 27.7 28.4 2.9 4.3 15.0 -2.2 -12.1 1.5 38.7 -8.6 13.3 23.7 5.3 -0.9 -2.5 -6.2 -7.9 -4.0 -1.1 6.4 -19.1 -12.4 5.1 -4.5 1.3 -18.3 -10.7 3.0 4.3 4.8 2.4 1.2 18.4 19.7 -8.8 -4.2 0.1 6.0 -14.7 -14.5 0.0 5.6 -2.4 -17.9 -24.6 -7.2 -4.7 -18.4 -16.4 -31.1 11.4 13.9 19.1 -2.4 3.2 -8.5 -12.4 -26.5 -2.5 -46.1 -1.9 2.9 1.2 9.6 -9.3 -28.3 -28.4 -24.0 -17.1 -3.8 -1.8 -30.3 -7.1 -3.9 -35.7 10.4 -3.5 -34.6 -18.3 6.0 7.4 7.4 7.9 3.9 -5.2 27.6 3.6 7.2 0.7 0.8 1.1 -1.7 0.5 -24.4 1.7 2.7 -0.7 0.4 0.6 0.2 4.4 0.0 -20.1 9.2 1.4 1.5 4.9 4.1 4.1 3.9 6.2 -9.9 -7.1 5.8 11.1 45 46 47 3.0 -0.4 5.8 3.1 6.8 0.3 -1.4 -3.5 0.2 -5.4 -17.6 4.2 1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care. 2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealer ships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation. 3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation and development. 5. Excludes net purchases of used structures and brokers' commissions on the sale of structures. Percent change at annual rate: Private fixed investment in structures.... Percentage points at annual rates: Nonresidential.................................................... Commercial and health care............................ Office1......................................................... Health care.................................................. Hospitals and special care....................... Hospitals.............................................. Special care......................................... Medical buildings..................................... Multimerchandise shopping......................... Food and beverage establishments............ Warehouses................................................. Other commercial2 ...................................... Manufacturing.................................................. Power and communication............................... Power........................................................... Electric..................................................... Other power............................................. Communication............................................ Mining exploration, shafts, and wells.............. Petroleum and natural gas........................... Mining.......................................................... Other structures............................................... Religious...................................................... Educational and vocational.......................... Lodging........................................................ Amusement and recreation.......................... Transportation.............................................. Air............................................................ Land3....................................................... Farm............................................................ Other4.......................................................... Brokers’ commissions on sale of structures Net purchases of used structures............... Residential.......................................................... Permanent site................................................. Single-family structures............................... Multifamily structures................................... Other structures............................................... Manufactured homes................................... Dormitories.... Improvements. Brokers’ commissions on saie or structures Net purchases of used structures............... Addenda: Private fixed investment in new structures5.... Nonresidential structures............................. Residential structures.................................. 1999 2000 2001 2002 1 3.3 3.2 -0.9 -4.7 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 -0.18 0.56 0.45 -0.02 -0.13 -0.06 -0.06 0.11 0.21 -0.17 0.07 0.02 -1.39 0.88 -0.04 0.31 -0.35 0.92 -0.30 -0.28 -0.02 0.07 0.07 -0.08 0.09 0.11 -0.14 0.02 -0.16 0.09 -0.06 0.01 -0.01 3.48 2.55 2.26 0.30 0.93 -0.12 0.04 0.51 0.53 -0.03 2.74 1.11 0.86 0.04 0.05 0.04 0.01 -0.01 -0.12 0.02 0.08 0.24 -0.28 0.83 0.82 0.94 -0.12 0.00 0.81 0.77 0.04 0.27 0.04 0.23 -0.06 -0.20 0.01 0.07 -0.06 0.10 0.12 0.02 0.00 0.41 0.29 0.36 -0.07 0.12 -0.51 0.00 0.39 -0.05 0.28 -1.06 -1.13 -0.62 -0.12 -0.02 0.10 -0.12 -0.09 0.10 -0.05 0.02 -0.46 -0.45 0.19 0.16 0.14 0.02 0.03 0.72 0.73 -0.02 -0.39 0.00 0.10 -0.39 -0.20 0.00 0.01 -0.01 -0.14 -0.15 -0.02 0.42 0.21 0.21 0.05 0.16 -0.01 -0.30 0.02 0.19 0.11 -0.03 -7.55 -2.81 -2.27 0.32 0.30 0.31 -0.01 0.02 -0.17 -0.13 -0.51 -0.05 -1.75 -0.12 0.11 0.04 0.08 -0.23 -1.34 -1.31 -0.04 -1.52 -0.04 -0.03 -0.69 -0.08 -0.03 -0.10 0.06 -0.02 -0.16 -0.05 -0.40 2.89 1.45 1.30 0.15 1.43 -0.12 -0.01 0.84 0.86 -0.13 45 46 47 2.81 -0.18 2.98 2.90 2.72 0.17 -1.33 -1.46 0.12 -4.94 -7.10 2.16 1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care. 2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealer ships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation. 3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation and development. 5. Excludes net purchases of used structures and brokers' commissions on the sale of structures. February 2004 S urvey of 127 C u rr en t B u sin ess Table 5.4.3B. Real Private Fixed Investment in Structures by Type, Quantity Indexes Table 5.4.4B. Price Indexes for Private Fixed Investment in Structures by Type [Index numbers, 2000=100] [Index numbers, 2000=100] Line Private fixed investment in structures Nonresidential................................................... Commercial and health care........................... Office1............. Health care Hospitals and special care..................... Hospitals.. Special caie Medical buildings Multimerchandise shopping........................ Food and beverage establishments............ Warehouses Other commercial2 Manufacturing Power and communication............................. Power.............. Electric Other power.. Communication........................................... Mining exploration, shafts, and wells.............. Petroleum and natural gas......................... Mining......................... Other structures.............. Religious...................... Educational and vocational........................ Lodging....................... Amusement and recreation Transportation Air Land3 Farm.... ........ Other4... Brokers’ commissions on sale of structures Net purchases of used structures............... Residential......................................................... Permanent site Single-family structures.............................. Muitifamily structures Other structures... Manufactured homes Dormitories Improvements.., Brokers’ commissions on sale of structures Net purchases of used structures............... Addenda: Private fixed investment in new structures5 Nonresidential structures............................. Residential structures.................................. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 1999 Line 2000 2001 2002 96.945 93.619 94.090 89.615 98.720 97.841 97.356 99.015 101.238 106.093 97.828 95.997 90.909 106.450 87.155 78.542 68.813 114.525 99.861 78.273 78.292 77.907 97.182 95.882 86.940 102.218 113.770 98.570 72.090 109.426 88.249 80.863 94.966 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 99.149 97.465 93.803 92.138 96.002 98.921 106.358 80.917 87.646 105.089 95.477 101.317 81.715 89.285 103.039 104.272 104.774 102.408 101.205 118.437 119.731 91.186 95.829 100.062 106.038 85.253 85.471 99.978 105.589 97.648 82.097 75.384 92.832 94.525 79.492 78.414 63.497 106.937 112.709 126.626 79.014 90.414 96.121 83.665 74.501 79.702 48.152 101.099 107.343 106.048 112.219 91.770 84.947 85.697 69.256 79.462 96.306 104.108 59.396 79.433 96.069 67.897 107.804 79.196 49.289 75.849 99.322 99.197 98.897 101.711 99.512 132.224 98.293 97.327 100.667 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.352 100.606 100.164 104.356 99.966 79.912 109.192 101.365 101.482 105.263 104.698 104.256 108.435 106.126 71.992 101.473 107.254 112.789 96.968 93.646 99.669 100.000 100.000 100.000 98.559 96.495 100.240 93.263 79.540 104.439 1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care. 2. Includes buildings and structures used by the retail, wholesale and selected sen/ice industries. Consists of auto dealer ships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation. 3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation and development. 5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. Private fixed investment in structures.... Nonresidential.................................................... Commercial and health care............................ Office1......................................................... Health care.................................................. Hospitals and special care...................... Hospitals ............ Special care ............ Medical buildings..................................... Multimerchandise shopping......................... Food and beverage establishments............ Warehouses................................................. Other commercial2 ...................................... Manufacturing... Power and communication............................... Power........... Electric..... Other power Communication Mining exploration, shafts, and wells.............. Petroleum and natural gas........................... Mining.......... Other structures Religious...... Educational and vocational......................... Lodging........................................................ Amusement and recreation.......................... Transportation.............................................. A ir............................................................ Land3....................................................... Farm............................................................ Other4.......................................................... Brokers' commissions on sale of structures Net purchases of used structures............... Residential.......................................................... Permanent site................................................. Single-family structures............................... Multifamily structures................................... Other structures............................................... Manufactured homes................................... Dormitories.................................................. Improvements.............................................. Brokers’ commissions on sale of structures Net purchases of used structures............... Addenda: Private fixed investment in new structures5.... Nonresidential structures............................. Residential structures.................................. 1999 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 95.932 96.257 96.052 95.927 95.736 95.736 95.736 95.736 95.736 96.298 96.298 96.298 96.330 96.396 96.926 96.081 96.176 95.815 98.041 96.780 96.834 95.736 95.978 95.736 96.050 95.736 95.736 96.970 95.736 97.388 95.736 95.718 98.066 45 46 47 2000 2001 2002 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 105.039 105.518 103.839 103.020 104.456 104.456 104.456 104.456 104.456 104.487 104.487 104.487 104.439 104.002 102.899 102.834 103.088 101.885 102.999 121.860 122.646 104.456 104.176 104.456 103.694 104.456 104.456 103.783 104.456 103.494 104.456 103.307 104.645 107.159 106.974 106.613 105.626 106.279 106.279 106.279 106.279 106.279 107.865 107.865 107,865 107.784 108.449 105.265 105.619 106.068 103.963 104.678 111.934 112.240 106.279 106.419 106.279 107.178 106279 106.279 105.938 106.279 105.763 106.279 105.758 105.756 95.708 95.570 95.584 95.448 95.917 98.212 95.584 95.906 95.387 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 104.704 104.776 105.022 102.764 104.593 101.715 105.022 104.037 106.181 107.231 107.550 107.706 106.260 106.747 103.281 107.706 106.022 108.746 95.969 96.242 95.754 100.000 100.000 100.000 104.948 105.527 104.489 107.033 106.984 107.011 1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care. 2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealer ships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation. 3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation and development 5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. 128 Saving and Investm ent Table 5.4.5B. Private Fixed Investment in Structures by Type Table 5.4.6B. Real Private Fixed Investment in Structures by Type, Chained Dollars [Billions of dollars] Line Private fixed investment in structures Nonresidential................................................... Commercial and health care........................... Office1.......................................................... Healthcare.................................................. Hospitals and special care..................... Hospitals............................................. Special care........................................ Medical buildings Multimerchandise shopping......................... Food and beverage establishments............ Warehouses... Other commercial2 Manufacturing.... Power and communication.............................. Power.......................................................... Electric...... Other power Communication Mining exploration, shafts, and wells.............. Petroleum and natural ga s......................... Mining............. Other structures.. Religious...................................................... Educational and vocational........................ Lodging...................... Amusement and recreation Transportation............ Air........................... Land3..................... Farm............................................................ Other4.......................................................... Brokers’ commissions on sale of structures Net purchases of used structures............... Residential......................................................... Permanent site................................................ Single-family structures............................... Multifamily structures................................... Other structures............................................... Manufactured homes................................... Dormitories.................................................. Improvements.............................................. Brokers’ commissions on sale of structures Net purchases of used structures............... Addenda: Private fixed investment in new structures5 Nonresidential structures............................. Residential structures.................................. 1999 2000 2001 2002 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 700.1 282.2 124.3 51.8 20.7 15.2 10.7 4.5 5.5 14.5 7.9 13.0 16.5 32.6 39.5 21.1 14.6 6.6 18.4 20.6 19.6 1.0 65.2 7.2 10.9 19.8 11.5 6.3 1.3 5.0 5.1 3.6 2.3 -1.3 417.8 251.3 223.8 27.4 166.6 14.9 1.3 100.0 53.8 -3.4 752.7 313.2 137.6 60.2 21.9 16.2 11.5 4.7 5.7 14.2 8.3 14.1 18.9 31.8 46.8 28.0 22.0 6.0 18.8 27.2 25.8 1.3 69.9 7.8 13.0 20.2 10.5 6.6 1.9 4.7 6.0 4.6 2.4 -1.4 439.5 265.0 236.8 28.3 174.5 11.5 1.4 107.1 56.1 -1.5 783.9 322.1 134.0 57.2 22.0 16.8 12.8 4.0 5.2 15.5 8.3 14.9 16.1 29.5 49.6 30.0 23.8 6.2 19.6 39.2 37.9 1.3 69.7 8.2 14.3 18.0 9.4 6.9 2.1 4.7 5.1 3.6 2.3 1.9 461.8 279.4 249.1 30.3 182.4 9.3 1.6 113.0 60.4 -1.8 762.4 266.3 115.0 40.4 24.9 19.4 15.5 4.0 5.4 14.7 7.5 11.3 16.2 16.6 49.8 31.8 24.8 7.0 18.1 25.8 24.9 1.0 59.1 8.0 14.6 12.7 8.9 6.7 1.4 5.3 5.0 2.4 1.9 -1.2 496.1 298.5 265.9 32.6 197.7 8.5 1.5 121.8 68.7 -2.9 45 46 47 648.8 281.3 367.4 697.1 312.1 385.0 721.1 317.8 403.2 695.9 265.6 430.3 1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care. 2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealer ships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation. 3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation and development. 5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. February 2004 [Billions of chained (2000) dollars] Line Private fixed investment in structures.... Nonresidential.................................................... Commercial and health care............................ Office1......................................................... Health care.................................................. Hospitals and special care....................... Hospitals.............................................. Special care......................................... Medical buildings..................................... Multimerchandise shopping......................... Food and beverage establishments............ Warehouses................................................. Other commercial2 ...................................... Manufacturing.................................................. Power and communication............................... Power........................................................... Electric..................................................... Other power....... Communication...... Mining exploration, shafts, and wells.............. Petroleum and natural gas........................... Mining.................... Other structures......... Religious................ Educational and vocational.......................... Lodging........................................................ Amusement and recreation.......................... Transportation................................ Air Land3 Farm Othei4 Brokers' commissions on sale of structures Net purchases of used structures............... Residential.......................................................... Permanent site................................................. Single-family structures............................... Multifamily structures................................... Other structures............................................... Manufactured homes................................... Dormitories.................................................. Improvements.............................................. Brokers’ commissions on sale of structures Net purchases of used structures................ Residual............................................................... Addenda: Private fixed investment in new structures5.... Nonresidential structures............................. Residential structures.................................. 1999 2000 2001 2002 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 729.7 293.2 129.4 54.0 21.6 15.9 11.2 4.7 5.7 15.0 8.2 13.5 17.1 33.9 40.8 22.0 15.2 6.8 18.8 21.3 20.2 1.0 67.9 7.5 11.3 20.6 12.0 6.5 1.4 5.1 5.3 3.8 2.3 -1.4 436.6 262.9 234.2 28.7 173.6 15.2 1.3 104.3 56.4 -3.6 0.0 752.7 313.2 137.6 60.2 21.9 16.2 11.5 4.7 5.7 14.2 8.3 14.1 18.9 31.8 46.8 28.0 22.0 6.0 18.8 27.2 25.8 1.3 69.9 7.8 13.0 20.2 10.5 6.6 1.9 4.7 6.0 4.6 2.4 -1.4 439.5 265.0 236.8 28.3 174.5 11.5 1.4 107.1 56.1 -1.5 0.0 746.3 305.2 129.0 55.5 21.0 16.1 12.2 3.8 5.0 14.9 8.0 14.3 15.4 28.4 48.2 29.2 23.1 6.1 19.0 32.2 30.9 1.2 66.9 7.8 13.8 17.2 9.0 6.6 2.0 4.6 4.9 3.5 2.2 1.8 441.1 266.7 237.2 29.5 174.4 9.2 1.5 108.6 56.9 -1.7 0.5 711.5 249.0 107.9 38.2 23.4 18.3 14.5 3.7 5.1 13.6 7.0 10.5 15.0 15.3 47.3 30.1 23.4 6.7 17.3 23.1 22.1 0.9 55.5 7.5 13.6 12.0 8.4 6.4 1.3 5.1 4.7 2.3 1.8 -1.2 462.7 277.5 246.9 30.6 185.2 8.3 1.4 114.9 63.2 -2.7 0.1 46 47 48 676.0 292.3 383.7 697.1 312.1 385.0 687.1 301.2 385.9 650.2 248.3 402.1 1. Consists of office buildings, except those constructed at manufacturing sites and those constructed by power utilities for their own use. Includes all financial buildings. Medical buildings are included in health care. 2. Includes buildings and structures used by the retail, wholesale and selected service industries. Consists of auto dealer ships, garages, service stations, drug stores, restaurants, mobile structures, and other structures used for commercial purposes. Bus or truck garages are included in transportation. 3. Consists primarily of railroads. 4. Includes water supply, sewage and waste disposal, public safety, highway and street, and conservation and development. 5. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 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 2004 S urvey of 129 C u rren t B u sin ess Table 5.5.1. Percent Change From Preceding Period in Real Private Fixed Investment in Equipment and Software by Type Table 5.5.2. Contributions to Percent Change in Real Private Fixed Investment in Equipment and Software by Type [Percent] Line Line Private fixed investment in equipment and software...................................... Nonresidential equipment and software........ Information processing equipment and software....................................................... Computers, software, and communication.. Computers and peripheral equipment.... Software1................................................ Communication equipment..................... Medical equipment and instruments........... Nonmedical instruments.............................. Photocopy and related equipment.............. Office ami accounting equipment............... Industrial equipment........................................ Fabricated metal products.......................... Engines and turbines................................... Metalworking machinery............................. Special industry machinery, n.e.c................ General industrial, including materials handling, equipment................................ Electrical transmission, distribution, and industrial apparatus................................. Transportation equipment................................ Trucks, buses, and truck trailers................. Light trucks (including utility vehicles).... Other trucks, buses, and truck trailers.... Autos........................................................... Aircraft......................................................... Ships and boats........................................... Railroad equipment..................................... Other equipment.............................................. Furniture and fixtures.................................. Agricultural machinery................................. Construction machinery.............................. Mining and oilfield machinery..................... Service industry machinery........................ Electrical equipment, n.e.c.......................... Other........................................................... Less: Sale of equipment scrap, excluding autos............................................................ Residential equipment...................................... 1999 2000 2001 2002 1 2 12.7 12.7 9.3 9.4 -5.1 -5.2 -2.8 -2.8 3 4 5 6 7 8 9 10 11 12 13 14 15 16 21.2 26.2 41.6 21.5 19.2 6.2 -0.6 -13.1 -22.0 -0.2 7.2 21.9 -3.2 -2.4 17.4 19.6 21.2 12.1 30.0 9.2 4.0 -4.1 1.7 7.7 5.4 28.7 1.9 10.5 -2.1 -2.7 2.3 -2.5 -6.9 7.0 3.1 -30.5 17.8 -8.9 -2.7 50.8 -15.5 -16.5 0.4 -1.4 13.8 -2.5 -10.6 11.1 9.1 7.7 5.3 -6.2 -0.2 -7.9 -8.7 -8.7 17 -4.1 5.5 -9.7 -5.4 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 8.3 15.3 10.2 8.6 12.8 12.3 44.0 -1.1 9.3 0.5 5.2 -27.2 0.1 48.7 5.3 -1.3 2.9 11.6 -4.1 -8.0 -5.0 -12.5 -1.0 2.8 15.4 -8.9 3.3 4.2 9.5 0.6 -2.3 -0.5 6.5 4.4 -8.4 -11.4 -18.6 -12.8 -27.7 -4.4 2.8 -15.5 -30.7 -4.0 -10.5 5.5 -13.4 12.7 -1.1 6.3 -0.2 -4.2 -10.1 -3.4 -4.9 -0.4 -3.4 -31.7 17.1 -3.0 -1.7 -7.6 12.0 2.4 -24.3 -6.0 1.4 1.6 35 36 -10.4 8.7 -6.4 5.0 -19.9 0.3 -2.4 2.8 1. Excludes software ‘embedded," or bundled, in computers and other equipment, n.e.c. Not elsewhere classified. Percent change at annual rate: Private fixed investment in equipment and software...................................... Percentage points at annual rates: Nonresidential equipment and software........ Information processing equipment and software....................................................... Computers, software, and communication... Computers and peripheral equipment.... Software1................................................. Communication equipment..................... Medical equipment and instruments........... Nonmedical instruments.............................. Photocopy and related equipment.............. Office and accounting equipment............... Industrial equipment........................................ Fabricated metal products.......................... Engines and turbines................................... Metalworking machinery.............................. Special industry machinery, n.e.c................ General industrial, including materials handling, equipment................................ Electrical transmission, distribution, and industrial apparatus................................. Transportation equipment................................ Trucks, buses, and truck trailers.................. Light trucks (including utility vehicles)..... Other trucks, buses, and truck trailers.... Autos............................................................ Aircraft......................................................... Ships and boats........................................... Railroad equipment..................................... Other equipment.............................................. Furniture and fixtures................................... Agricultural machinery................................. Construction machinery............................... Mining and oilfield machinery..................... Service industry machinery........................ Electrical equipment, n.e.c.......................... Other............................................................ Less: Sale of equipment scrap, excluding autos............................................................ Residential equipment...................................... 1999 1 12.7 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 2001 2000 2002 9.3 -5.1 -2.8 12.59 9.29 -5.13 -2.80 9.63 9.76 4.18 3.46 2.12 0.24 -0.01 -0.21 -0.15 -0.03 0.10 0.13 -0.13 -0.10 8.24 7.86 2.24 2.19 3.43 0.34 0.08 -0.05 0.01 1.33 0.07 0.19 0.06 0.41 -1.07 -1.15 0.24 -0.48 -0.92 0.26 0.06 -0.32 0.08 -1.55 -0.04 0.39 -0.51 -0.66 0.18 -0.59 1.29 -0.51 -1.36 0.48 0.20 0.06 0.03 -1.06 0.00 -0.10 -0.26 -0.31 17 -0.25 0.30 -0.52 -0.28 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 0.22 2.86 1.06 0.55 0.51 0.54 1.19 0.00 0.08 0.07 0.22 -0.60 0.00 0.23 0.11 -0.01 0.12 0.30 -0.80 -0.84 -0.32 -0.52 -0.04 0.10 0.05 -0.07 0.50 0.17 0.14 0.02 -0.01 -0.01 0.03 0.17 -0.23 -1.98 -1.63 -0.70 -0.94 -0.17 0.10 -0.06 -0.22 -0.60 -0.42 0.08 -0.34 0.08 -0.02 0.03 -0.01 -0.11 -1.67 -0.26 -0.24 -0.01 -0.14 -1.32 0.06 -0.02 -0.26 -0.29 0.21 0.06 -0.18 -0.12 0.01 0.06 35 36 -0.05 0.07 -0.03 0.04 -0.07 0.00 -0.01 0.02 1. Excludes software “embedded,” or bundled, in computers and other equipment, n.e.c. Not elsewhere classified. Table 5.5.3. Real Private Fixed Investment in Equipment and Software by Type, Quantity Indexes Table 5.5.4. Price Indexes for Private Fixed Investment in Equipment and Software by Type [Index numbers, 2000=100] [Index numbers, 2000=100] Line Private fixed investment in equipment and software...................................... Nonresidential equipment and software........ Information processing equipment and software....................................................... Computers, software, and communication.. Computers and peripheral equipment.... Software1................................................ Communication equipment..................... Medical equipment and instruments........... Nonmedical instruments.............................. Photocopy and related equipment.............. Office and accounting equipment............... Industrial equipment........................................ Fabricated metal products.......................... Engines and turbines................................... Metalworking machinery............................. Special industry machinery, n.e.c................ General industrial, including materials handling, equipment................................ Electrical transmission, distribution, and industrial apparatus................................. Transportation equipment................................ Trucks, buses, and truck trailers................. Light trucks (including utility vehicles).... Other trucks, buses, and truck trailers.... Autos........................................................... Aircraft......................................................... Ships and boats........................................... Railroad equipment..................................... Other equipment.............................................. Furniture and fixtures.................................. Agricultural machinery................................. Construction machinery.............................. Mining and oilfield machinery..................... Service industry machinery........................ Electrical equipment, n.e.c.......................... Other........................................................... Less: Sale of equipment scrap, excluding autos............................................................ Residential equipment...................................... 1999 2001 2002 1 2 91.467 91.437 100.000 100.000 94.869 94.825 92.233 92.144 3 4 5 6 7 8 9 10 11 12 13 14 15 16 85.210 83.614 82.478 89.241 76.898 91.552 96.115 104.268 98.360 92.872 94.891 77.717 98.163 90.485 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 97.855 97.294 102.321 97.538 93.084 107.014 103.067 69.523 117.825 91.086 97.305 150.786 84.478 83.476 98.211 95.939 116.477 95.068 83.180 118.924 112.495 74.868 124.061 85.452 97.092 138.812 77.164 76.238 17 94.746 100.000 90.264 85.428 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 89.610 104.250 108.690 105.297 114.333 100.984 97.311 86.669 109.735 96.826 95.983 91.336 99.397 102.389 100.550 93.864 95.792 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 91.619 88.646 81.445 87.161 72.267 95.562 102.805 84.517 69.277 95.951 89.482 105.498 86.625 112.718 98.883 106.340 99.809 87.792 79.729 78.698 82.852 71.948 92.274 70.177 98.934 67.209 94.331 82.717 118.109 88.673 85.379 92.945 107.865 101.372 35 36 106.809 95.271 100.000 100.000 80.065 100.293 78.110 103.061 1. Excludes software “embedded,” or bundled, in computers and other equipment, n.e.c. Not elsewhere classified. 2000 Line Private fixed investment in equipment and software...................................... Nonresidential equipment and software........ Information processing equipment and software....................................................... Computers, software, and communication... Computers and peripheral equipment.... Software1................................................. Communication equipment..................... Medical equipment and instruments........... Nonmedical instruments.............................. Photocopy and related equipment.............. Office and accounting equipment............... Industrial equipment........................................ Fabricated metal products........................... Engines and turbines................................... Metalworking machinery.............................. Special industry machinery, n.e.c................ General industrial, including materials handling, equipment................................ Electrical transmission, distribution, and industrial apparatus................................. Transportation equipment................................ Trucks, buses, and truck trailers.................. Light trucks (including utility vehicles)..... Other trucks, buses, and truck trailers.... Autos............................................................ Aircraft......................................................... Ships and boats............... Railroad equipment......... Other equipment.................. Furniture and fixtures....... Agricultural machinery.... Construction machinery... Mining and oilfield machinery Service industry machinery Electrical equipment, n.e.c Other............................................................ Less: Sale of equipment scrap, excluding autos............................................................ Residential equipment...................................... 1999 2000 2001 2002 1 2 101.357 101.366 100.000 100.000 97.805 97.786 96.150 96.121 3 4 5 6 7 8 9 10 11 12 13 14 15 16 103.144 103.575 114.709 97.047 104.105 100.633 98.953 103.857 100.552 99.425 100.239 99.483 99.310 99.903 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 95.363 94.553 82.098 100.947 95.985 100.437 100.871 98.691 98.363 100.793 103.050 100.248 100.261 100.324 91.736 90.210 70.466 100.279 93.441 101.072 102.125 95.167 98.038 101.049 105.661 101.000 100.152 99.930 17 99.386 100.000 101.084 102.004 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 98.503 99.972 100.614 101.709 98.888 102.700 95.506 97.368 99.528 99.229 99.270 99.434 99.259 98.704 99.297 99.743 99.063 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.550 99.070 97.153 95.608 99.950 96.891 105.230 102.583 99.797 101.161 101.252 101.055 100.751 103.374 100.986 100.277 101.219 99.273 99.792 96.566 94.176 100.998 99.209 106.929 105.324 99.893 102.057 102.113 102.285 101.868 104.723 101.955 99.774 101.958 35 36 90.438 100.189 100.000 100.000 88.671 100.131 93.246 99.571 1. Excludes software “embedded,” or bundled, in computers and other equipment, n.e.c. Not elsewhere classified. Saving and Investm ent 130 Table 5.5.5. Private Fixed Investment in Equipment and Software by Type Table 5.5.6. Real Private Fixed Investment in Equipment and Software by Type, Chained Dollars [Billions of dollars] Line Private fixed investment in equipment and software...................................... Nonresidential equipment and software........ Information processing equipment and software....................................................... Computers, software, and communication.. Computers and peripheral equipment.... Software1................................................ Communication equipment..................... Medical equipment and instruments........... Nonmedical instruments.............................. Photocopy and related equipment.............. Office and accounting equipment............... Industrial equipment........................................ Fabricated metal products........................... Engines and turbines................................... Metalworking machinery............................. Special industry machinery, n.e.c................ General industrial, including materials handling, equipment................................ Electrical transmission, distribution, and industrial apparatus................................. Transportation equipment................................ Trucks, buses, and truck trailers................. Light trucks (including utility vehicles).... Other trucks, buses, and truck trailers.... Autos........................................................... Aircraft......................................................... Ships and boats........................................... Railroad equipment..................................... Other equipment.............................................. Furniture and fixtures.................................. Agricultural machinery................................. Construction machinery.............................. Mining and oilfield machinery...................... Service industry machinery........................ Electrical equipment, n.e.c.......................... Other........................................................... Less: Sale of equipment scrap, excluding autos............................................................ Residential equipment...................................... Addenda: Private fixed investment in equipment and software....................................................... Less: Dealers’ margin on used equipment..... Net purchases of used equipment from government............................. Plus: Net sales of used equipment.................. Net exports of used equipment.......... Sale of equipment scrap...................... Equals: Private fixed investment in new equipment and software.............................. 1999 2000 Line 1 2 858.7 851.7 926.2 918.9 859.4 852.0 821.4 813.9 3 4 5 6 7 8 9 10 11 12 13 14 15 16 411.0 347.9 96.0 152.6 99.3 31.7 16.9 10.4 4.0 147.0 11.8 5.5 29.3 32.9 467.6 401.7 101.4 176.2 124.1 34.4 17.8 9.6 4.1 159.2 12.4 7.1 30.0 36.4 436.4 369.5 85.2 173.4 110.9 37.0 18.5 6.6 4.7 146.2 12.4 10.7 25.4 30.5 421.3 347.6 83.3 167.9 96.4 41.4 20.4 6.9 5.0 137.5 12.7 10.0 23.2 27.7 17 45.7 48.6 44.3 42.3 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 21.8 167.6 89.5 54.4 35.1 37.9 30.3 2.8 7.1 129.3 34.5 12.4 22.9 5.4 17.5 4.3 32.2 24.7 160.8 81.8 50.8 31.0 36.5 32.6 3.4 6.5 134.6 36.3 13.7 23.2 5.3 17.5 4.6 33.9 22.7 141.3 64.7 42.3 22.4 33.8 35.2 2.9 4.5 130.6 32.8 14.6 20.3 6.2 17.5 4.9 34.3 21.5 128.0 62.2 39.7 22.5 33.4 24.4 3.5 4.4 129.6 30.6 16.6 21.0 4.8 16.6 5.0 35.1 35 36 3.3 7.0 3.4 7.4 2.4 7.4 2.5 7.6 37 38 858.7 10.0 926.2 10.3 859.4 10.4 821.4 10.2 39 40 41 42 0.4 77.6 0.8 3.4 0.5 80.3 0.0 3.5 0.5 78.3 0.1 2.6 0.5 75.5 0.1 2.5 43 930.0 999.2 929.5 888.8 1. Excludes software “embedded," or bundled, in computers and other equipment, n.e.c. Not elsewhere classified. [Billions of chained (2000) dollars] 2002 2001 February 2004 Private fixed investment in equipment and software...................................... Nonresidential equipment and software........ Information processing equipment and software....................................................... Computers, software, and communication... Computers and peripheral equipment1......................................... Software2................................................. Communication equipment..................... Medical equipment and instruments........... Nonmedical instruments Photocopy and related equipment.............. Office and accounting equipment............... Industrial equipment..... Fabricated metal products Engines and turbines. Metalworking machinery Special industry machinery, n.e.c................ General industrial, including materials handling, equipment................................ Electrical transmission, distribution, and industrial apparatus................................. Transportation equipment................................ Trucks, buses, and truck trailers................... Light trucks (including utility vehicles)..... Other trucks, buses, and truck trailers.... Autos............................................................ Aircraft......................................................... Ships and boats........................................... Railroad equipment..................................... Other equipment.............................................. Furniture and fixtures................................... Agricultural machinery................................. Construction machinery............................... Mining and oilfield machinery...................... Service industry machinery......................... Electrical equipment, n.e.c........................... Other............................................................ Less: Sale of equipment scrap, excluding autos............................................................ Residential equipment...................................... Residual............................................................... 1999 2000 2002 2001 1 2 847.2 840.2 926.2 918.9 878.7 871.3 854.3 846.7 3 4 398.5 335.9 467.6 401.7 457.6 390.8 459.3 385.4 5 6 7 8 9 10 11 12 13 14 15 16 157.2 95.4 31.5 17.1 10.0 4.0 147.9 11.8 5.5 29.5 32.9 176.2 124.1 34.4 17.8 9.6 4.1 159.2 12.4 7.1 30.0 36.4 171.8 115.5 36.9 18.3 6.7 4.8 145.0 12.1 10.7 25.4 30.4 167.5 103.2 41.0 20.0 7.2 5.1 136.1 12.0 9.9 23.2 27.7 17 46.0 48.6 43.8 41.5 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 22.1 167.7 88.9 53.5 35.4 36.9 31.7 2.9 7.2 130.3 34.8 12.5 23.1 5.4 17.6 4.3 32.5 24.7 160.8 81.8 50.8 31.0 36.5 32.6 3.4 6.5 134.6 36.3 13.7 23.2 5.3 17.5 4.6 33.9 22.6 142.6 66.6 44.3 22.4 34.9 33.5 2.9 4.5 129.1 32.4 14.5 20.1 6.0 17.3 4.9 33.9 21.7 128.2 64.4 42.1 22.3 33.7 22.9 3.3 4.4 127.0 30.0 16.2 20.6 4.5 16.3 5.0 34.4 35 36 37 3.6 7.0 -0.7 3.4 7.4 0.1 2.7 7.4 -0.4 2.6 7.6 -4.6 1. The quantity index for computers can be used to accurately measure the real growth rate of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate series; accurate estimates of these contributions are shown in table 5.5.2 and real growth rates are shown in table 5.5.1. 2. Excludes software “embedded,” or bundled, in computers and other equipment. N ote . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. n.e.c. Not elsewhere classified. February 2004 S urvey 131 C u rren t B u sin ess of Table 5.6.5B. Change in Private Inventories by Industry [Billions of dollars] Seasonally adjusted at annual rates Line Change in private inventories..................... Farm............................................. Mining, utilities, and construction.. Manufacturing............................... Durable goods industries......... Nondurable goods industries.... Wholesale trade............................ Durable goods industries......... Nondurable goods industries.... Retail trade................................... Motor vehicle and parts dealers Food and beverage stores..... General merchandise stores.... Other retail stores.................... Other industries............................ Addenda: Change in private inventories... Durable goods industries..... Nondurable goods industries Nonfarm industries.................. Nonfarm change in book value1............................... Nonfarm inventory valuation adjustment2..................... Wholesale trade...................... Merchant wholesale trade.... Durable goods industries.. Nondurable goods industries..................... Nonmerchant wholesale trade................................. 2000 2001 2002 2003 2000 2001 II III IV I II 2002 III IV I II 2003 III IV I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 56.5 -1.3 -1.7 7.9 7.3 0.6 17.6 12.0 5.6 21.6 12.3 -0.2 1.1 8.4 12.4 -36.1 0.1 11.4 -23.4 -19.7 -3.7 -12.6 -16.6 4.1 -11.1 -8.9 0.6 -0.1 -2.8 -0.5 5.4 -3.4 -2.2 -7.5 -9.5 2.0 -0.9 -1.5 0.6 19.1 12.7 0.0 1.2 5.2 0.2 -3.3 -3.1 -2.9 -13.7 -11.9 -1.8 -2.5 -2.3 -0.3 18.0 10.8 -0.1 0.5 6.7 0.9 96.3 3.3 -2.2 19.8 14.7 5.1 24.9 23.1 1.8 36.4 24.3 -1.7 2.0 11.7 14.2 58.4 -0.8 0.3 3.8 3.5 0.3 14.5 5.8 8.7 23.1 16.0 0.7 -1.0 7.4 17.5 41.4 3.7 -8.6 10.7 16.1 -5.4 11.6 6.1 5.5 18.9 4.7 0.1 2.6 11.5 5.1 2.0 3.3 10.6 -9.2 -5.0 -4.2 0.1 0.9 -0.8 -4.5 -9.8 1.3 7.4 -3.4 1.6 -32.4 -4.4 16.3 -27.1 -18.7 -8.5 -1.3 -18.0 16.7 -14.9 -8.0 0.6 -0.2 -7.3 -1.0 -46.0 0.2 10.3 -31.9 -29.2 -2.7 -21.2 -23.3 2.1 -2.2 -1.1 0.1 -2.0 0.8 -1.1 -68.1 1.3 8.3 -25.4 -26.1 0.8 -27.9 -26.1 -1.7 -23.0 -16.7 0.3 -5.4 -1.2 -1.4 -27.8 0.4 -0.3 -16.8 -20.8 4.0 -12.8 -13.3 0.5 3.4 4.0 -1.7 -3.1 4.2 -1.7 0.5 -3.0 -2.5 -11.7 -13.0 1.3 -4.7 -5.4 0.7 19.1 12.8 0.2 -0.3 6.4 3.3 28.6 -6.1 -2.5 2.3 -6.1 8.5 7.3 8.8 -1.5 27.4 14.1 2.1 3.3 7.9 0.0 20.2 -4.8 -3.6 -3.8 1.8 -5.7 6.5 3.9 2.5 26.6 20.1 -0.4 4.7 2.2 -0.8 -0.9 0.2 -8.3 -12.4 -13.3 0.9 -5.2 0.6 -5.8 26.9 18.7 0.8 0.3 7.0 -2.2 -5.8 -2.7 -2.5 -15.3 -13.9 -1.3 -5.1 -5.1 0.0 15.2 15.1 -0.9 -0.5 1.5 4.6 -10.5 -4.3 -0.2 -16.1 -15.9 -0.2 -1.4 -7.4 6.1 11.0 1.1 1.4 -0.1 8.5 0.6 4.0 -5.6 -0.4 -11.1 -4.5 -6.5 1.5 2.8 -1.4 18.8 8.5 -1.9 2.4 9.9 0.7 16 17 18 19 56.5 36.1 20.4 57.8 -36.1 -44.2 8.1 -36.2 5.4 6.1 -0.7 8.7 -3.3 1.5 -4.8 -0.2 96.3 67.1 29.2 93.0 58.4 29.3 29.1 59.2 41.4 29.8 11.6 37.7 2.0 -12.3 14.3 -1.3 -32.4 -45.9 13.4 -28.0 -46.0 -52.2 6.2 -46.2 -68.1 -66.6 -1.5 -69.4 -27.8 -23.6 -4.1 -28.2 0.5 -4.3 4.8 3.5 28.6 19.8 8.8 34.7 20.2 32.3 -12.1 25.0 -0.9 10.9 -11.8 -1.2 -5.8 -1.1 -4.7 -3.0 -10.5 -15.8 5.4 -6.2 4.0 11.9 -7.9 9.6 20 78.9 -55.3 14.4 15.3 112.8 68.8 60.7 -2.8 -37.7 -75.2 -105.5 -41.2 7.2 46.7 44.8 48.9 -12.5 -7.2 31.9 21 22 23 24 -21.1 17.6 15.1 10.0 19.1 -12.6 -10.1 -14.5 -5.7 -0.9 -1.8 -2.1 -15.5 -2.5 -0.5 -0.8 -19.8 24.9 22.1 21.3 -9.6 14.5 11.2 3.0 -23.0 11.6 8.9 3.8 1.5 0.1 -0.1 0.6 9.7 -1.3 -0.3 -17.2 29.1 -21.2 -15.2 -18.4 36.1 -27.9 -24.7 -23.1 13.0 -12.8 -11.1 -12.0 -3.7 -4.7 -4.6 -5.5 -12.1 7.3 3.8 6.3 -19.9 6.5 4.6 3.0 -50.1 -5.2 -0.7 3.9 9.4 -5.1 -4.8 -4.2 1.0 -1.4 0.1 -5.6 -22.4 1.5 3.3 2.7 25 5.1 4.5 0.2 0.3 0.8 8.1 5.1 -0.8 16.9 3.3 -1.6 0.8 1.0 -2.6 1.7 -4.6 -0.6 5.7 0.6 26 2.5 -2.5 0.9 -2.0 2.8 3.4 2.7 0.3 -1.1 -6.1 -3.2 -1.6 -0.1 3.5 1.8 -4.5 -0.3 -1.5 -1.9 1. This series is derived from the Census Bureau series “current cost inventories.” 2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business incomes. The IVA in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) underlying inventories derived primarily from Census Bureau statistics (see footnote 1). This mix differs from that underlying business income derived primarily from Internal Revenue Service statistics. N ote . Estimates in this table are based on the North American Industry Classification System (NAICS). Table 5.6.6B. Real Change in Private Inventories by Industry, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted at annual rates Line Change in private inventories...................... Farm............................................. Mining, utilities, and construction.. Manufacturing............................... Durable goods industries......... Nondurable goods industries.... Wholesale trade............................ Durable goods industries......... Nondurable goods industries.... Retail trade................................... Motor vehicle and parts dealers Food and beverage stores....... General merchandise stores.... Other retail stores.................... Other industries............................ Residual....................................... Addenda: Change in private inventories... Durable goods industries..... Nondurable goods industries Nonfarm industries.................. Wholesale trade...................... Merchant wholesale trade.... Durable goods industries.. Nondurable goods industries..................... Nonmerchant wholesale trade................................. 2000 2001 2002 2000 2003 2001 II III IV I II 2002 III IV I II 2003 III IV I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 56.5 -1.3 -1.7 7.9 7.3 0.6 17.6 12.0 5.6 21.6 12.3 -0.2 1.1 8.4 12.4 0.0 -36.0 0.2 11.1 -23.4 -19.9 -3.5 -12.7 -17.1 4.3 -11.1 -8.9 0.6 -0.1 -2.8 -0.5 0.6 5.7 -3.3 -2.1 -7.5 -9.6 2.1 -0.7 -1.5 0.8 19.2 12.9 0.0 1.2 5.2 0.3 -0.3 -1.5 -1.6 -2.4 -13.5 -12.0 -1.7 -2.3 -2.3 0.0 18.1 11.1 -0.1 0.5 6.8 1.0 -0.8 99.3 6.1 -2.6 20.1 14.8 5.1 24.8 23.1 1.7 36.4 24.4 -1.7 2.0 11.7 14.2 0.5 56.2 -2.7 0.1 3.6 3.3 0.2 14.6 5.9 8.7 23.1 16.0 0.7 -1.0 7.4 17.5 0.1 43.5 5.7 -8.0 10.6 16.1 -5.4 11.6 6.2 5.4 18.8 4.7 0.1 2.6 11.5 5.0 -0.4 4.3 6.2 9.0 -9.1 -5.0 -4.1 0.2 0.9 -0.6 -4.5 -9.8 1.3 7.4 -3.4 1.6 0.8 -28.8 -1.9 15.9 -26.9 -18.7 -8.3 -1.3 -18.5 16.7 -14.8 -7.9 0.6 -0.2 -7.3 -1.0 1.8 -44.0 1.6 10.9 -31.9 -29.3 -2.7 -21.5 -23.9 2.2 -2.1 -1.1 0.1 -2.0 0.8 -1.2 0.6 -75.5 -5.2 8.9 -25.8 -26.5 0.9 -28.1 -26.9 -1.3 -23.0 -16.7 0.3 -5.4 -1.2 -1.5 -0.9 -23.5 5.0 -0.3 -17.3 -21.0 3.9 -12.9 -13.7 0.7 3.4 4.0 -1.7 -3.1 4.3 -1.7 0.1 -8.0 -11.8 -2.5 -11.7 -13.1 1.4 -4.6 -5.5 0.8 19.2 13.0 0.2 -0.3 6.5 3.4 -0.1 32.8 -3.0 -2.5 2.6 -6.1 8.7 8.0 9.0 -0.9 27.6 14.4 2.0 3.3 8.0 0.1 -0.2 21.5 -3.5 -3.3 -3.8 1.9 -5.7 6.5 4.0 2.5 26.6 20.4 -0.4 4.7 2.2 -0.7 -0.6 1.6 1.2 -6.9 -12.2 -13.4 1.0 -4.7 0.6 -5.1 27.1 19.1 0.8 0.3 7.2 -2.1 -1.1 -4.5 -2.0 -2.2 -15.1 -14.0 -1.3 -4.6 -5.2 0.4 15.3 15.4 -0.9 -0.5 1.6 4.7 -0.5 -9.1 -2.8 -0.2 -15.8 -15.9 -0.2 -1.3 -7.6 5.8 11.0 1.2 1.4 -0.1 8.5 0.6 0.2 6.1 -2.7 -0.4 -10.8 -4.5 -6.2 1.6 2.9 -1.1 18.8 8.8 -1.7 2.3 9.8 0.7 -1.8 17 18 19 20 21 22 23 56.5 36.1 20.4 57.8 17.6 15.1 10.0 -36.0 -44.8 8.4 -36.3 -12.7 -10.0 -14.9 5.7 6.2 -0.4 9.3 -0.7 -1.6 -2.1 -1.5 1.5 -2.8 0.4 -2.3 -0.2 -0.8 99.3 67.2 32.0 93.2 24.8 22.0 21.3 56.2 29.2 27.0 58.8 14.6 11.2 3.1 43.5 29.8 13.8 37.8 11.6 8.9 3.8 4.3 -12.4 16.5 -2.1 0.2 0.0 0.6 -28.8 -46.3 16.6 -27.0 -1.3 -0.2 -17.5 -44.0 -52.8 8.3 -45.8 -21.5 -15.2 -18.9 -75.5 -67.7 -7.7 -70.3 -28.1 -24.8 -23.7 -23.5 -24.0 0.4 -28.6 -12.9 -11.1 -12.3 -8.0 -4.3 -3.8 4.2 -4.6 -4.5 -5.7 32.8 20.2 12.5 36.0 8.0 4.4 6.5 21.5 32.8 -10.6 25.4 6.5 4.7 3.0 1.6 11.1 -8.9 0.3 -4.7 -0.3 3.9 -4.5 -1.0 -3.4 -2.4 -4.6 -4.3 -4.3 -9.1 -16.0 6.1 -5.9 -1.3 0.1 -5.7 6.1 12.0 -5.2 9.7 1.6 3.5 2.8 24 5.1 4.6 0.5 0.5 0.7 8.1 5.0 -0.6 16.8 3.4 -1.2 1.0 1.1 -1.9 1.7 -4.0 -0.1 5.4 0.8 25 2.5 -2.6 0.9 -2.0 2.8 3.3 2.7 0.2 -1.1 -6.3 -3.3 -1.7 -0.1 3.7 1.8 -4.4 -0.3 -1.5 -1.9 N ote. Estimates in this table are based on the North American Industry Classification System (NAICS). Chained (2000) dollar series for real change in private inventories are calculated as the period-to-period change in chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. 132 Saving and Investm ent February 2004 Table 5.7.5B. Private Inventories and Domestic Final Sales by Industry [Billions of dollars] Seasonally adjusted quarterly totals Line 2000 II Private inventories1.............................................................................. Farm............................................................................................................... Mining, utilities, and construction................................................................... Manufacturing................................................................................................. Durable goods industries.... Nondurable goods industries Wholesale trade...................... Durable goods industries.... Nondurable goods industries Retail trade............................. Motor vehicle and parts dealers................................................................ Food and beverage stores.......................................................................... General merchandise stores...................................................................... Other retail stores....................................................................................... Other industries.............................................................................................. Addenda: Private inventories...................................................................................... Durable goods industries Nondurable goods industries Nonfarm industries............ Wholesale trade................ Merchant wholesale trade Durable goods industries Nondurable goods industries Nonmerchant wholesale trade............................................................... Final sales of domestic business2..................................................... Final sales of goods and structures of domestic business2......... Ratios of private inventories to final sales of domestic business: Private inventories to final sales................................................................ Nonfarm inventories to final sales............................................................. Nonfarm inventories to final sales of goods and structures...................... III 2001 IV I II 2002 III IV I II 2003 III IV I II III IV 1 1,494.1 1,509.6 1,535.9 1,542.4 1,526.9 1,498.0 1,457.3 1,456.1 1,460.3 1,479.6 1,500.2 1,525.8 1,516.9 1,530.8 1,551.2 2 132.1 125.6 121.9 137.3 135.9 130.9 126.3 129.9 126.0 127.7 134.9 136.8 138.2 151.4 159.0 3 41.6 43.6 44.5 49.8 49.5 47.6 48.1 48.3 50.6 49.8 51.7 55.6 54.3 53.3 52.0 4 470.1 473.8 477.0 475.1 467.5 454.8 439.0 436.4 436.2 448.7 441.1 437.7 441.4 440.3 443.0 290.2 292.5 293.7 266.4 254.1 5 294.6 289.0 280.9 271.6 264.5 262.8 263.7 262.3 257.5 255.9 6 179.9 181.3 182.4 181.5 178.5 173.9 167.4 171.7 177.4 170.0 179.2 186.3 183.6 183.6 185.4 7 352.1 357.2 354.8 359.0 355.1 347.5 336.8 335.2 335.5 342.0 344.2 343.7 348.1 345.8 351.5 8 220.1 220.4 220.7 219.2 214.1 207.2 199.6 196.3 195.5 197.9 198.9 199.6 198.0 197.0 199.5 9 132.0 134.4 138.2 137.9 141.0 137.2 144.1 140.3 138.9 140.0 145.3 148.5 145.7 148.8 152.0 407.9 404.2 10 396.8 403.0 409.0 403.5 395.4 395.4 400.1 423.2 425.7 407.6 413.8 428.6 432.8 11 130.2 129.1 133.3 135.6 132.6 130.1 125.0 125.0 127.8 131.0 135.0 140.6 143.1 142.0 142.6 12 31.6 31.9 32.1 33.4 33.2 32.9 33.3 33.5 32.9 33.5 33.5 34.1 34.2 35.1 35.1 13 63.3 63.1 63.8 65.9 66.0 65.6 64.1 63.1 63.1 64.0 65.3 65.6 65.6 65.8 66.5 14 174.7 176.4 174.7 174.1 172.8 177.5 174.3 172.9 176.3 179.1 180.0 182.9 182.8 185.8 188.6 15 107.8 112.6 114.4 115.1 114.8 113.6 111.9 110.9 111.9 112.1 112.6 113.4 114.1 113.9 114.6 16 1,494.1 1,509.6 17 722.1 714.6 779.4 18 787.5 19 1,368.5 1,387.7 20 352.1 354.8 21 302.4 304.1 22 191.5 191.3 23 110.9 112.8 24 50.7 49.6 636.7 25 632.6 26 360.8 362.4 27 28 29 2.36 2.16 3.79 2.37 2.18 3.83 1,535.9 1,542.4 1,526.9 721.9 727.3 709.5 808.6 820.5 817.3 1,403.8 1,405.1 1,391.0 359.0 357.2 355.1 307.4 306.3 304.8 191.2 189.9 185.0 116.2 116.4 119.8 51.5 50.9 50.3 643.4 649.6 655.6 364.4 366.7 369.0 2.39 2.18 3.85 2.37 2.16 3.83 2.33 2.12 3.77 1,498.0 1,457.3 1,456.1 1,460.3 1,479.6 1,500.2 1,525.8 1,516.9 1,530.8 1,551.2 694.6 672.8 666.1 666.8 678.8 682.1 678.4 671.6 685.0 685.0 803.4 784.5 790.0 793.5 807.9 821.4 840.8 834.8 852.5 866.2 1,367.1 1,331.1 1,326.2 1,334.3 1,351.8 1,365.3 1,389.0 1,378.7 1,379.4 1,392.3 347.5 335.2 336.8 335.5 342.0 344.2 348.1 343.7 345.8 351.5 299.5 290.9 289.1 289.1 294.1 295.2 298.3 295.9 297.8 303.0 179.6 172.8 169.9 169.0 171.7 171.1 170.8 171.6 173.0 173.4 119.9 118.1 119.2 120.1 123.2 123.6 124.2 126.7 125.3 129.6 48.0 45.8 46.1 46.3 47.9 49.0 49.8 47.9 48.0 48.5 653.6 660.8 665.2 667.9 673.5 680.1 687.9 696.9 716.9 724.1 367.1 370.3 370.7 367.9 372.4 368.5 368.1 375.6 392.1 397.9 2.29 2.09 3.72 2.21 2.01 3.59 2.19 1.99 3.58 2.19 2.00 3.63 2.20 2.01 3.67 2.21 2.01 3.71 2.22 2.02 3.73 2.18 1.98 3.67 2.14 1.92 3.52 2.14 1.92 3.50 1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in private inventories component of GDR 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 value added 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). February 2004 S urvey of 133 C u rren t B u sin ess Table 5.7.6B. Real Private Inventories and Real Domestic Final Sales by Industry, Chained Dollars [Billions of chained (2000) dollars] Seasonally adjusted quarterly totals Line 2000 II Private inventories1............................................................................. Farm............................................................................................................... Mining, utilities, and construction................................................................... Manufacturing................................................................................................. Durable goods industries........................................................................... Nondurable goods industries..................................................................... Wholesale trade.............................................................................................. Durable goods industries........................................................................... Nondurable goods industries..................................................................... Retail trade..................................................................................................... Motor vehicle and parts dealers................................................................ Food and beverage stores......................................................................... General merchandise stores..................................................................... Other retail stores....................................................................................... Other industries.............................................................................................. Residual......................................................................................................... Addenda: Private inventories..................................................................................... Durable goods industries....................................................................... Nondurable goods industries................................................................. Nonfarm industries.................................................................................... Wholesale trade......................................................................................... Merchant wholesale trade..................................................................... Durable goods industries................................................................... Nondurable goods industries............................................................. Nonmerchant wholesale trade............................................................... Final sales of domestic business2..................................................... Final sales of goods and structures of domestic business2......... Ratios of private inventories to final sales of domestic business: Private inventories to final sales.................................................................... Nonfarm inventories to final sales................................................................. Nonfarm inventories to final sales of goods and structures........................... III 2001 IV I 2002 III II IV I II 2003 III IV I II III IV 1 1,495.7 1,509.8 1,520.7 1,521.7 1,514.5 1,503.5 1,484.7 1,478.8 1,476.8 1,485.0 1,490.4 1,490.8 1,489.6 1,487.4 1,488.9 2 125.7 125.0 126.4 128.0 127.5 127.9 126.6 127.9 124.9 124.2 123.3 123.1 122.4 121.7 123.6 3 43.0 43.1 41.1 47.3 52.1 47.7 43.3 50.0 52.2 51.5 50.9 50.1 47.8 47.6 48.3 4 470.6 471.5 474.2 471.9 457.2 450.7 446.4 443.2 436.4 432.4 465.1 443.5 444.1 440.2 429.7 5 290.8 291.7 295.7 294.4 289.8 282.4 270.5 266.2 259.3 255.4 254.2 275.8 267.3 265.7 262.8 6 175.4 174.7 179.8 179.8 178.5 177.4 174.9 175.9 176.3 178.4 177.0 176.9 176.9 175.4 177.3 7 351.6 358.2 358.2 342.1 355.3 357.9 352.6 345.5 342.3 341.2 343.2 344.8 343.6 342.5 342.5 8 222.6 218.2 212.2 202.1 200.7 219.6 221.0 222.8 205.5 202.9 203.9 204.1 202.8 200.9 201.6 132.1 9 134.2 135.6 135.5 139.6 140.2 140.0 140.2 139.9 140.0 140.6 139.4 139.5 140.9 140.6 10 396.7 407.1 402.4 406.0 402.3 401.8 396.9 401.7 415.2 425.8 396.0 408.6 422.0 428.6 433.3 11 129.1 134.2 133.1 131.8 129.8 129.5 125.4 126.4 146.9 147.2 149.4 129.6 133.2 138.3 143.1 12 32.2 31.5 31.7 31.8 32.1 32.3 31.9 32.0 32.4 32.3 32.7 32.2 32.3 32.5 32.6 13 63.3 63.7 65.5 64.7 64.7 63.0 65.5 65.0 62.8 62.8 63.6 64.8 64.8 65.3 63.6 14 172.7 177.5 174.8 177.4 182.1 184.2 186.7 174.6 176.6 175.0 174.7 175.8 179.4 179.9 181.7 113.7 15 108.1 114.1 113.2 112.8 114.1 112.5 113.9 113.6 113.6 113.7 113.5 113.0 114.3 114.5 16 0.0 0.1 -0.1 0.2 0.5 0.7 0.4 0.1 0.6 0.6 0.5 0.5 0.1 0.1 -0.3 17 1,495.7 1,509.8 1,520.7 1,521.7 1,514.5 1,503.5 1,484.7 1,478.8 1,476.8 1,485.0 1,490.4 1,490.8 1,489.6 1,487.4 1,488.9 18 729.3 726.2 714.7 693.2 714.6 721.9 701.5 684.5 678.5 677.5 690.7 693.5 689.2 692.2 682.5 19 781.1 787.9 791.3 795.5 799.6 801.7 799.9 802.1 799.4 797.2 796.3 797.9 799.8 798.9 796.6 20 1,370.1 1,384.8 1,394.3 1,393.7 1,387.0 1,375.5 1,358.0 1,350.8 1,351.9 1,360.9 1,367.2 1,367.3 1,366.7 1,365.2 1,367.6 21 351.6 358.2 358.2 355.3 357.9 352.6 345.5 342.3 341.2 343.2 344.8 342.5 342.1 343.6 342.5 22 294.2 294.3 295.1 302.0 304.8 307.0 307.0 307.0 303.2 294.2 293.1 294.2 295.4 297.0 295.3 175.7 23 191.1 191.9 192.8 193.0 188.6 183.9 174.8 173.4 175.8 174.3 177.9 175.0 176.8 175.0 24 110.9 114.2 114.1 118.3 119.1 113.0 119.1 119.4 119.3 118.3 119.7 118.9 118.3 119.8 118.8 25 49.6 51.1 51.2 49.4 50.5 50.9 48.1 48.1 49.4 48.3 47.9 47.4 48.5 49.0 48.3 26 581.2 575.0 577.5 581.0 581.5 578.5 582.4 586.3 587.2 589.2 597.8 614.8 589.1 594.0 621.3 27 359.3 360.3 361.6 362.4 361.6 361.7 362.6 360.4 387.4 358.5 360.3 361.1 364.9 367.5 382.8 28 29 30 2.60 2.38 3.81 2.61 2.40 3.84 2.62 2.40 3.86 2.62 2.40 3.85 2.61 2.39 3.84 2.60 2.38 3.84 2.55 2.33 3.75 2.52 2.30 3.73 2.52 2.30 3.75 2.52 2.31 3.77 2.53 2.32 3.79 2.51 2.30 3.75 2.42 2.22 3.57 2.49 2.29 3.72 2.40 2.20 3.53 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 value added 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). Chained (2000) dollar inventory series are calculated to ensure that the chained (2000) dollar change in inventories for 2000 equals the current-dollar change in inventories for 2000 and that the average of the 1999 and 2000 end-of-year chain-weighted and fixed-weighted inventories are equal. The residual line is the difference between the first line and the sum of the most detailed lines for inventories. Table 5.7.9B. Implicit Price Deflators for Private Inventories by Industry [Index numbers, 2000=100] Seasonally adjusted Line Private inventories1............................................................................. Farm............................................................................................................... Mining, utilities, and construction Manufacturing.................... Durable goods industries Nondurable goods industries Wholesale trade................. Durable goods industries Nondurable goods industries Retail trade........................ Motor vehicle and parts dealers Food and beverage stores General merchandise stores Other retail stores.......... Other industries.............................................................................................. Addenda: Private inventories...................................................................................... Durable goods industries....................................................................... Nondurable goods industries................................................................. Nonfarm industries..................................................................................... Wholesale trade......................................................................................... Merchant wholesale trade..................................................................... Durable goods industries................................................................... Nondurable goods industries............................................................. Nonmerchant wholesale trade............................................................... 2002 II III IV I II 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 99.889 99.932 96.719 99.898 99.790 100.081 100.126 100.225 99.967 100.040 100.009 100.174 100.005 100.056 99.734 99.988 97.490 101.254 100.484 100.287 100.817 99.866 99.705 100.132 100.136 100.206 100.410 100.081 100.060 100.092 101.004 104.474 108.409 100.601 99.644 102.189 100.215 99.166 101.936 100.455 101.024 100.973 100.176 100.039 100.557 101.357 107.262 115.057 100.690 99.735 102.275 99.701 98.393 101.838 100.460 100.601 102.646 100.646 99.896 100.849 100.816 106.546 104.717 100.501 99.736 101.773 99.204 98.103 100.998 100.473 100.322 103.305 100.851 99.935 100.782 16 17 18 19 20 21 22 23 24 99.889 99.988 101.004 101.357 100.816 99.632 100.009 100.038 99.720 99.404 99.283 99.021 99.783 99.946 102.186 103.146 102.218 100.211 99.881 100.211 100.687 100.816 100.290 99.386 100.126 99.866 100.215 99.701 99.204 98.580 100.144 99.778 100.129 99.749 99.288 98.793 100.232 99.707 99.163 98.407 98.105 97.672 99.992 99.896 101.759 102.004 101.269 100.667 100.022 100.400 100.729 99.416 98.710 97.295 1. Implicit price deflators are as of the end of the quarter and are consistent with inventory stocks. Estimates in this table are based on the North American Industry Classification System (NAICS). N ote. 2001 2000 III IV I II 2003 III IV I II 99.632 98.161 98.467 98.884 99.635 100.660 102.351 101.828 102.327 99.714 101.599 100.845 102.861 109.398 110.661 112.251 95.317 92.118 92.605 98.307 97.968 103.308 115.114 113.545 99.487 97.386 97.757 98.359 99.126 99.945 101.933 101.072 99.468 98.475 98.488 98.986 98.913 99.073 99.807 99.290 99.539 95.671 96.612 97.386 99.430 101.248 105.108 103.739 98.580 97.465 97.913 98.329 99.667 99.828 101.301 100.369 97.657 97.115 97.138 97.410 97.526 97.516 97.768 97.622 100.086 98.104 99.181 99.812 102.918 103.334 106.587 104.509 100.427 99.833 99.643 99.610 99.763 99.664 100.295 99.984 100.442 99.698 98.939 98.638 98.374 97.612 98.310 97.394 103.829 103.340 104.092 103.070 103.235 103.358 104.579 105.646 100.908 100.731 100.447 100.462 100.601 100.869 101.160 101.415 99.624 98.965 99.049 99.374 99.842 100.074 100.671 100.393 99.987 98.845 98.328 98.498 98.639 99.237 100.419 99.794 98.161 98.467 98.884 99.635 100.660 102.351 98.292 98.167 98.428 98.408 98.283 98.781 98.092 98.769 99.323 100.732 102.748 105.473 98.020 98.176 98.703 99.336 99.860 101.589 97.465 97.913 98.329 99.667 99.828 101.301 97.963 98.264 98.644 99.962 99.938 101.008 97.141 97.173 97.471 97.601 97.605 97.866 99.368 100.076 100.586 103.650 103.591 105.862 94.444 95.792 96.426 97.883 99.155 103.057 101.828 98.399 104.828 100.876 100.369 100.560 97.721 104.964 99.173 III IV 102.921 123.698 111.649 101.213 99.488 103.798 101.063 98.043 105.596 99.999 96.425 107.264 101.613 100.850 99.849 104.188 130.608 109.174 102.706 100.673 105.739 102.608 98.949 108.058 99.904 95.446 108.832 101.856 101.051 100.097 102.921 98.429 106.842 101.037 101.063 101.191 98.153 105.888 100.248 104.188 98.961 108.747 101.800 102.608 102.671 99.102 108.146 102.199 134 Saving and Investm ent February 2004 Table 5.10. Capital Transfers (Net) [Billions of dollars] Line 1 Capital transfers received by government (net)...................................................................................................................................... 2 Federal...................................................... Estate and gift taxes paid by persons.... 3 Less: Capital transfers paid to the rest of the world (net)1 4 Less: Federal investment grants to State and local governments2..................................................................................................... 5 Less: Investment grants to business3 6 7 Slate and local.............................. Estate and gift taxes paid by persons 8 Federal investment grants to State and local governments2............................................................................................................... 9 Capital transfers received by the rest of the world (net)........................................................................................................................ 10 11 Capital transfers received from U.S. government (net)............................................................................................................................ Less: Migrants’ transfers received by persons (net)4............................................................................................................................... 12 1999 2000 2001 2002 32.5 -7.4 28.8 4.2 31.9 35.6 -8.1 28.1 0.0 36.2 35.6 -12.9 27.9 0.0 40.8 32.9 -18.7 25.6 0.2 44.1 39.9 7.9 31.9 4.9 4.2 -0.7 43.7 7.5 36.2 0.8 0.0 -0.8 48.5 7.7 40.8 1.1 0.0 -1.1 51.7 7.6 44.1 1.3 0.2 -1.1 1. Consists of forgiveness of debts owed by foreign governments to the U.S. Government, and the December 1999 transfer to the Republic of Panama of the U.S. Government's assets in the Panama Canal Commis sion. 2. Consists of Federal Government investment grants for highways, transit, air and water transportation, and water treatment plants. 3. Consists of maritime construction subsidies paid by the Federal Government. 4. Consists of immigrants' transfers from the rest of the world, net of emigrants’ transfers to the rest of the world. February 2004 S urvey of 135 C u rren t B u sin ess Income and Employment by Industry_______________________________________________________ __ Table 6.13D. Noncorporate Capital Consumption Allowances by Industry [Millions of dollars] Line Noncorporate capital consumption allowances....................................................................................................................... Agriculture, forestry, fishing, and hunting.............................................................................................................................................. Farms1....................................... Forestry, fishing, and related activities Mining............................................ Utilities.......................................... Construction........................................................................................................................................................................... ........ Manufacturing........................................................................................................................................................................................... Durable goals......................................................................................................................................................................................... Nondurable goods................................................................................................................................................................................... Wholesale trade......................................................................................................................................................................................... Retail trade.................................................................................................................................................................................................. Transportation and warehousing............................................................................................................................................................ Information.......................................................... Finance, insurance, real estate, rental, and leasing Finance and insurance...................................... Real estate and rental and leasing2................. Professional and business services....................................................................................................................................................... Professional, scientific, and technical services....................................................................................................................................... Management of companies and enterprises; administrative and waste management services........................................................... Educational services, health care, and social assistance................................................................................................................... Educational services..................................................... Heath care and social assistance................................. Arts, entertainment, recreation, accommodation, and food services Arts, entertainment, and recreation.............................. Accommodation and food services............................... Other services, except government.............................. 1. Consists of NAICS crop and animal production. 2. Excludes owner-occupied housing and nonprofit institutions serving households. N ote. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS). 1 2 3 4 5 6 7 8 q m 11 1? 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 1999 177,128 15,402 13,364 2,038 7,652 3,128 8,312 13,418 5,368 8,050 2,678 6,684 8,501 20,299 61,621 3,620 58,001 11,846 8,077 3,769 6,028 515 5,513 9,633 2,622 7,011 1,926 2000 195,292 15,525 13,507 2,018 8,967 3,226 9,455 15,319 5,462 9,857 2,993 6,453 9,610 22,706 67,972 4,127 63,845 12,620 8,421 4,199 6,449 542 5,907 12,156 3,473 8,683 1,841 2001 2002 225,296 15,793 13,815 1,978 10,363 4,114 9,587 17,142 5,482 11,660 3,471 7,585 9,916 32,190 78,853 5,690 73,163 14,745 9,700 5,045 7,312 570 6,742 12,426 3,973 8,453 1,799 267,857 16,464 14,196 12,381 4,976 11,373 21,037 6,370 14,667 4,118 8,641 12,031 42,423 90,749 6,337 84,412 17,668 11,479 6,189 8,708 15,022 2,266 February 2004 Incom e and Em ploym ent by Industry 136 Table 6.16D. Corporate Profits by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 2000 2001 2002 2003 I Corporate profits with inventory valuation and capital consumption adjustments............................................. Domestic industries................................................................... Financial1.................................................................................. Nonfinancial............................................................................... Rest of the w o rld ........................................................................ 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 financial2.................................................................... Nonfinancial.............................................................................. Utilities................................................................................... Manufacturing....................................................................... Durable goods.................................................................. Fabricated metal products........ Machinery.................................. Computer and electronic products Electrical equipment, appliances, and components.... Motor vehicles, bodies and trailers, and parts............. Other durable goods3.................................................. Nondurable goods............................................................ Food and beverage and tobacco products.................. Petroleum and coal products........................................ Chemical products....................................................... Other nondurable goods4............................................. Wholesale trade................................................................... Retail trade........................................................................... Transportation and warehousing.......................................... Information........................................................................... Other nonfinancial5 ............................................................. Rest of the w o rld ........................................................................ 934.9 767.9 II 174.3 30.2 174.4 -25.3 199.7 151.3 144.1 198.9 54.8 213.0 61.8 214.0 47.0 215.4 66.6 220.8 72.3 742.7 589.4 730.7 581.3 731.4 578.6 685.8 541.7 675.7 476.0 702.7 551.4 738.9 594.8 745.1 594.0 784.2 617.2 152.8 144.1 199.7 144.1 151.1 166.9 259.1 491.7 255.1 22.9 232.2 334.3 22.0 73.3 8.8 9.7 1.5 -18.4 1.7 -1.0 15.3 64.6 32.8 6.4 17.5 7.9 49.1 76.7 -2.3 - 20.2 135.5 153.4 210.2 396.2 185.5 36.2 228.3 31.3 197.0 353.0 26.0 86.8 13.9 11.4 9.6 -19.3 3.0 -5.8 15.0 72.8 23.0 34.1 5.8 9.8 46.1 64.2 3.8 -23.0 149.2 149.3 201.2 394.6 180.1 27.3 219.9 29.2 190.6 358.8 27.1 79.3 -4.4 10.5 5.8 -38.3 2.7 -8.2 22.9 83.7 27.6 33.4 14.6 8.1 47.7 66.8 3.2 -21.5 156.2 194.1 375.5 211.1 27.4 183.7 330.6 25.0 50.1 -37.6 9.9 -5.2 -60.9 2.2 -4.0 20.4 87.7 28.5 32.5 16.7 10.0 54.1 74.3 0.9 -26.3 152.4 247.7 416.1 243.2 25.2 218.0 232.7 18.4 -0.2 -71.7 6.9 2.5 -79.0 0.3 -10.9 8.5 71.4 31.0 19.6 18.1 2.7 58.5 79.1 -8.3 -38.0 123.3 271.7 457.2 183.9 32.6 267.5 23.8 243.8 283.8 18.5 42.0 -16.4 8.8 2.0 ^ 0 .1 3.1 -5.7 15.5 58.3 31.4 4.1 16.2 6.6 48.8 75.8 -3.0 -25.9 127.5 151.3 263.5 494.3 260.6 23.9 236.7 334.2 25.3 69.2 5.8 9.3 2.6 -23.6 1.5 2.3 13.7 63.3 32.9 5.1 16.6 8.7 53.9 79.7 -5.2 -22.1 133.5 252.5 496.1 151.1 249.0 22.6 226.4 345.0 21.5 87.2 20.4 8.4 2.6 -8.7 1.6 1.1 15.3 66.8 34.4 7.7 17.7 7.0 45.7 77.5 -3.5 -20.1 136.7 248.6 519.3 166.9 243.4 21.2 222.1 373.9 22.8 95.1 25.2 12.1 -1.3 -1.2 0.7 -1.7 16.6 69.9 32.4 8.7 19.4 9.4 47.9 73.9 2.4 -12.6 144.4 III 927.1 1,022.8 1,124.2 778.4 874.3 966.5 144.1 705.9 544.4 161.5 899.8 748.7 I 152.8 759.3 613.6 145.7 901.9 757.8 IV 149.3 202.4 49.1 225.6 28.3 197.3 318.8 24.1 54.0 -24.9 9.7 3.2 -49.4 2.0 -7.2 16.7 78.9 27.5 29.9 13.8 7.7 51.6 71.1 -0.1 -27.2 145.3 880.1 728.8 III 153.4 178.6 17.1 30.8 169.4 413.4 24.4 144.3 60.0 15.5 8.2 4.0 5.6 -1.0 27.7 84.3 25.4 26.9 14.2 17.8 59.7 59.6 14.9 -17.6 128.2 II 713.6 569.6 161.5 200.2 863.6 663.8 I 748.6 595.8 145.7 202.5 56.8 IV 755.8 606.5 770.4 608.9 213.3 395.6 III 904.2 750.8 817.9 672.2 184.7 487.5 II 2003 2002 2001 279.6 594.7 299.2 667.3 148.5 157.7 780.9 632.1 793.6 645.1 864.2 706.4 148.7 148.5 268.4 510.0 148.7 261.8 21.2 240.7 370.3 28.1 87.1 17.1 8.9 -2.8 -5.6 0.7 7.3 8.6 70.0 32.4 20.2 18.9 -1.5 39.8 72.9 5.6 -11.4 148.1 260.6 20.5 240.1 384.5 21.1 80.3 13.9 12.1 -2.7 -1.8 -0.9 -1.9 9.1 66.4 30.6 20.6 15.8 -0.5 42.6 85.0 12.9 -8.0 150.7 236.2 78.4 274.6 18.9 255.7 431.8 21.5 97.7 19.4 12.6 -2.4 -1.5 -1.5 -3.5 15.7 78.4 31.8 19.5 23.7 3.4 51.0 84.3 14.7 2.3 160.2 157.7 1. Consists of finance and insurance and bank and other holding companies. 2. Consists of credit intermediation and related activities; securities, commodity contracts, and other financial investments and related activities; insurance carriers and related activities; funds, trusts, and other financial vehicles; and bank and other holding companies. 3. Consists of wood products; nonmetallic mineral products; primary metals; other transportation equipment; furniture and related products; and miscellaneous manufacturing. 4. Consists of textile mills and textile product mills; apparel; leather and allied products; paper products; printing and related support activities; and plastics and rubber products. 5. Consists of agriculture, forestry, fishing, and hunting; mining; construction; real estate and rental and leasing; professional, scientific, and technical services; administrative and waste management services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services, except government. N ote . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS). February 2004 S urvey of 137 C u rren t B u sin ess Table 6.17D. Corporate Profits Before Tax by Industry [Millions of dollars] Line Corporate profits before tax................ Domestic industries.......................................... Agriculture, forestry, fishing, and hunting.. Farms’ ........................................................ Forestry, fishing, and related activities....... Mining............................................................. Oil and gas extraction................................. Mining, except oil and gas.......................... Support activities for mining....................... U tilities........................................................... Construction.................................................. Manufacturing............................................... Durable goods............................................. Wood products........................................ Nonmetallic mineral products................. Primary metals........................................ Fabricated metal products...................... Machinery............................................... Computer and electronic products......... Electrical equipment, appliances, and components........................................ Motor vehicles, bodies and trailers, and parts.................................................... Other transportation equipment............. Furniture and related products............... Miscellaneous manufacturing................. Nondurable goods....................................... Food and beverage and tobacco products.............................................. Textile mills and textile product mills...... Apparel and leather and allied products. Paper products........................................ Printing and related support activities.... Petroleum and coal products................. Chemical products.................................. Plastics and rubber products................. Wholesale trade............................................. Durable goods............................................. Nondurable goods....................................... Retail trade..................................................... Transportation and warehousing............... Air transportation......................................... Rail transportation....................................... Water transportation.................................... Truck transportation..................................... Transit and ground passenger transportation.......................................... Pipeline transportation................................ Other transportation and support activities2 Warehousing and storage.......................... 1999 775,876 654,363 1,934 935 999 3,509 3,988 1,642 2000 33,237 41,051 148,151 69,967 5,664 7,853 1,949 16,225 12,222 -8,648 773,398 627,695 1,621 836 785 14,733 13,444 1,469 -180 24,896 41,867 153,317 63,085 3,011 5,799 1,213 16,225 8,756 3,008 6,332 5,949 7,123 3,767 7,379 78,184 -632 8,975 3,113 7,668 90,232 30,519 2,126 1,972 6,234 4,814 3,058 23,230 6,231 55,080 33,262 21,818 66,267 16,482 5,372 226 13 3,159 26,510 1.091 2,777 8,256 4.091 28,372 15,892 3,243 61,693 37,592 24,101 61,297 15,164 2,192 2,103 512 2,710 478 512 5,942 780 622 -58 6,455 628 - 2,121 10,101 2001 696,766 535,293 1,297 2002 744,971 591,591 997 16,198 6,161 23,489 44.106 51.106 -26,722 22,372 40,776 72,223 7,625 77,828 64,598 47,732 52,187 70,031 -591 76,320 -1,910 Line information..................................................... Publishing industries (includes software).... Motion picture and sound recording industries................................................. Broadcasting and telecommunications....... Information and data processing services... Finance and insurance.................................. Federal Reserve banks.............................. Credit intermediation and related activities. Securities, commodity contracts, and investments............................................. Insurance carriers and related activities..... Funds, trusts, and other financial vehicles.. Real estate and rental and leasing.............. Real estate.................................................. Rental and leasing services and lessors of intangible assets3.................................... Professional, scientific, and technical services...................................................... Legal services............................................. Computer systems design and related services................................................... Miscellaneous professional, scientific, and technical services4.................................. Management of companies and enterprises5............................................... Administrative and waste management services...................................................... Administrative and support services........... Waste management and remediation services................................................... Educational services..................................... Heath care and social assistance............... Ambulatory health care services................ Hospitals and nursing and residential care facilities.................................................... Social assistance......................................... Arts, entertainment, and recreation....... Performing arts, spectator sports, museums, and related activities........ Amusements, gambling, and recreation industries............................................ Accommodation and food services....... Accommodation...................................... Food services and drinking places........ Other services, except government....... Rest of the world6........................................ Receipts from the rest of the world............ Less: Payments to the rest of the world..... 1999 2000 2001 10,214 12,694 -17,748 75 -427 4,283 -6,336 126,704 26,297 51,902 -17,695 113,371 30,799 53,651 11,575 11,752 25,178 9,807 7,566 -6,380 11,205 24,096 9,407 8,672 2002 -27,601 -20,818 131,415 152,760 9,674 4,792 8,847 13,941 -1,150 1,022 2,241 735 20,686 5,104 1,416 6,495 -1,015 -16,416 16,597 11,337 67.550 86,801 94,230 102,340 9,438 7,980 8,534 7,250 10,033 10,673 1,458 1,588 20.550 13,746 1,284 1,885 24,913 16,423 1,894 31,363 1,688 34,287 5,108 1,696 2,738 5,304 3,186 2,170 2,994 3,417 1,415 1,063 1,323 11,737 3,379 8,358 7,640 121,513 176,804 55,291 1,107 13,934 3,951 9,983 8,424 145,703 202,480 56,777 10,935 11,426 8,141 161,473 178,564 17,091 7,959 153,380 202,449 49,069 1. NAICS crop and animal production. 2. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers. 3. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights. 4. Consists of accounting, tax preparation, bookkeeping, and payroll services; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and development services; advertising and related services; and other professional, scientific, and technical services. 5. Consists of bank and other holding companies. 6. Consists of receipts by all U.S. residents, including both corporations and persons, ot dividends from foreign corporations, and, for U.S. corporations, their share ot reinvested earnings of their incorporated foreign affiliates, and earnings of unincorpo rated foreign affiliates (line 82), net of corresponding payments (line 83). N ote . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS) Incom e and Em ploym ent by Industry 138 February 2004 Table 6.18D. Taxes on Corporate Income by Industry [Millions of dollars] Line Taxes on corporate income................. Domestic industries.......................................... Agriculture, forestry, fishing, and hunting.. Farms'......................................................... Forestry, fishing, and related activities....... Mining............................................................. Oil and gas extraction.................................. Mining, except oil and gas........................... Support activities for mining....................... U tilities........................................................... Construction.................................................. Manufacturing................................................ Durable goods............................................. Wood products........................................ Nonmetallic mineral products................. Primary metals........................................ Fabricated metal products...................... Machinery................................................ Computer and electronic products......... Electrical equipment, appliances, and components......................................... Motor vehicles, bodies and trailers, and parts.................................................... Other transportation equipment............. Furniture and related products............... Miscellaneous manufacturing................. Nondurable goods....................................... Food and beverage and tobacco products.............................................. Textile mills and textile product mills....... Apparel and leather and allied products.. Paper products........................................ Printing and related support activities.... Petroleum and coal products................... Chemical products................................... Plastics and rubber products................... Wholesale trade............................................. Durable goods............................................. Nondurable goods....................................... Retail trade..................................................... Transportation and warehousing................ Air transportation......................................... Rail transportation....................................... Water transportation.................................... Truck transportation..................................... Transit and ground passenger transportation.......................................... Pipeline transportation................................ Other transportation and support activities2 1999 2000 258.634 258.634 537 443 94 1,168 463 579 126 15,544 4,846 72,802 35,242 195.043 195.043 337 2,280 713 11,110 8,494 4,529 47,199 11,074 2,581 3,131 4,885 3,440 961 2,126 37,560 3,364 3,651 810 2,506 41,170 13,793 648 699 2,150 877 4,329 13,669 1,395 12,307 6,949 5,358 17,983 4,787 1,352 395 149 783 10,635 436 738 2,216 813 11,872 13,260 1,210 59 263 1,688 Line 201.144 201.144 342 3,664 3,971 9.097 1,211 2002 265.172 265.172 512 431 81 2,474 1,645 605 224 4,895 77,670 36,500 637 1,434 932 3,708 3,208 13,119 2.096 2001 36,125 6,424 3,526 43,444 8,199 35,245 1,200 13,369 8,042 5,327 18,237 4,417 548 424 219 687 42 242 2,129 8,848 9,792 17,545 2,125 19,225 1,515 Warehousing and storage........................... Information..................................................... Publishing industries (includes software).... Motion picture and sound recording industries................................................. Broadcasting and telecommunications....... Information and data processing services... Finance and insurance.................................. Federal Reserve banks................................ Credit intermediation and related activities.. Securities, commodity contracts, and investments.............................................. Insurance carriers and related activities..... Funds, trusts, and other financial vehicles... Real estate and rental and leasing.............. Real estate................................................... Rental and leasing services and lessors of intangible assets3.................................... Professional, scientific, and technical services...................................................... Legal services.............................................. Computer systems design and related services................................................... Miscellaneous professional, scientific, and technical services4.................................. Management of companies and enterprises5................................................ Administrative and waste management services...................................................... Administrative and support services........... Waste management and remediation services................................................... Educational services.................................... Heath care and social assistance.............. Ambulatory health care services............... Hospitals and nursing and residential care facilities.................................................... Social assistance........................................ Arts, entertainment, and recreation........... Performing arts, spectator sports, museums, and related activities............. Amusements, gambling, and recreation industries................................................. Accommodation and food services.. Accommodation................................ Food services and drinking places... Other services, except government.. Rest of the world.................................... 1999 2000 2001 98 26,215 8,250 126 23,704 7,276 519 15,768 1,678 66,135 25,410 11,478 165 15,390 873 68,557 25,344 11,054 17,667 526 2,734 1,997 9,950 20,287 874 2,540 1,913 737 627 4,389 248 3,655 213 8,279 66,824 12,102 1,893 753 1,315 216 2,826 3,226 21,197 26,348 25,600 1,613 1,429 1,348 1,192 1,433 184 215 2,124 810 156 347 1,959 726 229 2,026 1,133 181 472 972 261 436 217 174 255 2,797 1,073 1,724 769 0 262 2,802 1,083 1,719 792 0 146 2,033 566 0 1. NAICS crop and animal production. 2. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers. 3. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights. 4. Consists of accounting, tax preparation, bookkeeping, and payroll sen/ices; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and development services; advertising and related services; and other professional, scientific, and technical services. 5. Consists of bank and other holding companies. N ote. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS). February 2004 S urvey of 139 C u rren t B u sin ess Table 6.19D. Corporate Profits After Tax by Industry [Millions of dollars] Line Corporate profits after ta x................... Domestic industries.......................................... Agriculture, forestry, fishing, and hunting.. Farms'......................................................... Forestry, fishing, and related activities....... Mining............................................................. Oil and gas extraction.................................. Mining, except oil and gas........................... Support activities for mining....................... U tilities........................................................... Construction.................................................. Manufacturing................................................ Durable goods............................................. Wood products........................................ Nonmetallic mineral products................. Primary metals........................................ Fabricated metal products...................... Machinery................................................ Computer and electronic products......... Electrical equipment, appliances, and components......................................... Motor vehicles, bodies and trailers, and parts.................................................... Other transportation equipment............. Furniture and related products............... Miscellaneous manufacturing................. Nondurable goods....................................... Food and beverage and tobacco products.............................................. Textile mills and textile product mills....... Apparel and leather and allied products.. Paper products........................................ Printing and related support activities.... Petroleum and coal products.................. Chemical products................................... Plastics and rubber products.................. Wholesale trade............................................. Durable goods............................................. Nondurable goods....................................... Retail trade..................................................... Transportation and warehousing................ Air transportation......................................... Rail transportation....................................... Water transportation.................................... Truck transportation..................................... Transit and ground passenger transportation.......................................... Pipeline transportation................................ Other transportation and support activities2 Warehousing and storage.......................... 1999 2000 517,242 395,729 1,397 492 905 2,341 3,525 1,063 -2,247 17,693 36,205 75,349 34.725 4,453 5,757 739 12,561 8,251 -17,745 508,226 362,523 1,109 405 704 12,259 11,799 864 -404 13,786 36,972 75,647 26,585 2,374 4,365 281 12,517 5,548 - 2001 2002 495,622 334,149 955 549,928 396,548 660 13,918 5,448 14,995 39,577 3,907 -37,796 15,948 37,250 28,779 -574 10,111 3,751 2,818 2,238 6,661 2,806 5.253 40,624 -3,996 5,324 2,303 5,162 49,062 16.726 1,478 1,273 4,084 3,937 -1,271 9,561 4,836 42,773 26,313 16,460 48,284 11,695 4,020 -169 -136 2,376 15,875 655 2.039 6.040 3,278 16,500 2,632 2,043 48,324 29,550 18,774 43,060 10,747 1,644 1,679 293 2,023 419 249 4.254 682 580 -300 4,326 502 41,703 38,884 52,486 -2,716 29,353 42,395 57,095 -3,425 Line Information.................................................... Publishing industries (includes software).... Motion picture and sound recording industries................................................ Broadcasting and telecommunications...... Information and data processing services.. Finance and insurance................................. Federal Reserve banks............................... Credit intermediation and related activities. Securities, commodity contracts, and investments............................................. Insurance carriers and related activities.... Funds, trusts, and other financial vehicles.. Real estate and rental and leasing............. Real estate.................................................. Rental and leasing services and lessors of intangible assets3................................... Professional, scientific, and technical services..................................................... Legal services............................................. Computer systems design and related services.................................................. Miscellaneous professional, scientific, and technical services4................................. Management of companies and enterprises5............................................... Administrative and waste management services..................................................... Administrative and support services.......... Waste management and remediation services.................................................. Educational services.................................... Heath care and social assistance.............. Ambulatory health care services............... Hospitals and nursing and residential care facilities................................................... Social assistance........................................ Arts, entertainment, and recreation........... Performing arts, spectator sports, museums, and related activities............ Amusements, gambling, and recreation industries................................................ Accommodation and food services........... Accommodation.......................................... Food services and drinking places............ Other services, except government........... Rest of the w orld6............................................ Receipts from the rest of the world................ Less: Payments to the rest of the world......... 1999 2000 2001 2002 -35,880 -26,917 64,591 89,639 7,781 4,109 8,094 11,614 60,453 68,630 71,997 7,186 6,058 8,600 8,760 1,274 1,373 18,426 12,936 1,128 1,538 22,954 15,697 1,665 29,337 1,458 32,038 3,975 1,515 2,266 4,332 2,925 1,734 2,848 3,379 845 11,132 8,902 8,931 7,575 161,473 178,564 17,091 7,390 153,380 202,449 49,069 -16,001 4,444 -41,452 -7,201 -946 -11,485 -8,014 60,569 887 40,424 -1,315 -14,368 -18,568 44,814 5,455 41,549 521 -5,915 24,652 7,073 5,569 -16,330 -9,082 23,222 6,867 6,759 1,504 108 16,297 4,856 -2,239 6,282 -2,330 -16,632 13,771 8,111 46,353 7,825 6,551 1,198 1,068 8,940 2,306 6,634 6,871 121,513 176,804 55,291 2,868 8,264 7,632 145,703 202,480 56,777 1. NAICS crop and animal production. 2. Consists of scenic and sightseeing transportation; transportation support activities; and couriers and messengers. 3. Intangible assets include patents, trademarks, and franchise agreements, but not copyrights. 4. Consists of accounting, tax preparation, bookkeeping, and payroll sen/ices; architectural, engineering, and related services; specialized design services; management, scientific, and technical consulting services; scientific research and development services; advertising and related services; and other professional, scientific, and technical services. 5. Consists of bank and other holding companies. 6. Consists of receipts by all U.S. residents, including both corporations and persons, of dividends from foreign corporations, and, for U.S. corporations, their share of reinvested earnings of their incorporated foreign affiliates, and earnings of unincorpo rated foreign affiliates (line 82), net of corresponding payments (line 83). N ote . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS) Incom e and Em ploym ent by Industry 140 February 2004 Table 6.20D. Net Corporate Dividend Payments by Industry [Millions of dollars] Line Net corporate dividends...................... Domestic industries.......................................... Agriculture, forestry, fishing, and hunting.. Farms1......................................................... Forestry, fishing, and related activities....... Mining............................................................. Oil and gas extraction.................................. Mining, except oil and gas.......................... Support activities for mining....................... U tilities........................... .................... Construction Manufacturing Durable goods....................... Wood products........................................ Nonmetallic mineral products................. Primary metals........................................ Fabricated metal products Machinery................................................ Computer and electronic products......... Electrical equipment, appliances, and components......................................... Motor vehicles, bodies and trailers, and parts.................................................... Other transportation equipment............. Furniture and related products............... Miscellaneous manufacturing................. Nondurable goods....................................... Food and beverage and tobacco products.............................................. Textile mills and textile product mills....... Apparel and leather and allied products.. Paper products........................................ Printing and related support activities.... Petroleum and coal products.................. Chemical products................................... Plastics and rubber products.................. Wholesale trade............................................. Durable goods............................................. Nondurable goods....................................... Retail trade..................................................... Transportation and warehousing................ Air transportation......................................... Rail transportation....................................... Water transportation.................................... Truck transportation..................................... Transit and ground passenger transportation.......................................... Pipeline transportation................................ Other transportation and support activities2 Warehousing and storage.......................... 1999 2000 337,368 295,671 2,818 1,941 877 2,402 1,195 972 235 13,107 17,555 65,860 25,679 2,980 1,028 1,328 6,138 3,386 -5,098 377,941 348,444 2,703 1,821 882 4,381 2,618 1,599 164 12,476 20,190 74,833 29,438 3,098 888 827 5,828 2,484 -4,939 6,621 8,953 3,770 1,223 838 3,465 40,181 6,205 1,258 800 4,036 45,395 6,842 547 1,184 2,898 1,994 7.230 16,722 2,764 19,183 11,700 7,483 21,882 5,085 385 953 220 1.230 10,587 556 1,097 3,429 1,696 6,813 18,887 2,330 23,693 15,339 8,354 18,927 4,733 356 358 240 1,257 214 525 1,126 432 198 616 1,302 406 2001 2002 373,208 337,929 2,984 398,296 358,946 3,186 4,714 4,143 10,646 21,269 73,217 29,192 11,619 23,818 72,993 27,280 44,025 27,262 20,843 6,208 45,713 27,101 23,638 6,518 2000 Line Information..................................................... Publishing industries (includes software).... Motion picture and sound recording industries................................................. Broadcasting and telecommunications....... Information and data processing services... Finance and insurance.................................. Federal Reserve banks................................ Credit intermediation and related activities.. Securities, commodity contracts, and investments.............................................. Insurance carriers and related activities..... Funds, trusts, and other financial vehicles... Real estate and rental and leasing.............. Real estate................................................... Rental and leasing services and lessors of intangible assets3.................................... Professional, scientific, and technical services...................................................... Legal services.............................................. Computer systems design and related services................................................... Miscellaneous professional, scientific, and technical services4.................................. Management of companies and enterprises5.........................
@FedFRASER