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FEBRUARY 2009
BEA’s MONTHLY JOURNAL
Survey of C urrent B usiness
!
In This Issue . . .
BEA Briefing: How BEA Accounts for Investment
in Private Structures
Research Spotlight: A New Approach to Price Measures
for Health Care
a BEA
BUREAU OF ECONOMIC ANALYSIS
U.S. DEPARTMENT OF COMMERCE
ECONOMICS AND STATISTICS ADMINISTRATION
U.S. Department of Commerce
Economics and Statistics Administration
Bureau of Economic Analysis
J. Steven Landefeld, Director
Rosemary D. Marcuss, Deputy Director
Ana M. Aizcorbe, C hief Economist
Brian M. Callahan, C hief Information Officer
Dennis J. Fixler, C hief Statistician
Brent R. Moulton, Associate Director for National Economic Accounts
Brian C. Moyer, Associate Director for Industry Accounts
Joel D. Platt, Associate Director for Regional Economics
Obie G. Whichard, Associate Director for International Economics
BEA Advisory Committee
The BEA Advisory Committee advises the Director of BEA on matters related to the development and improvement of BEA’s national,
regional, industry, and international economic accounts, especially in areas of new and rapidly growing economic activities arising from
innovative and advancing technologies, and it provides recommendations from the perspective of business economists, academicians,
researchers, and experts in government and international affairs.
Dale W. Jorgenson, Chair, Harvard University
Alan J. Auerbach, University o f California, Berkeley
Richard B. Berner, Morgan Stanley
Michael J. Boskin, Stanford University
Barry P. Bosworth, The Brookings Institution
Susan M. Collins, University of Michigan
Robert J. Gordon, Northwestern University
Maurine A. Haver, Haver Analytics, Inc.
Charles R. Hulten, University of Maryland
Therese J. McGuire, Northwestern University
William D. Nordhaus, Yale University
Joel L. Prakken, Chairman, Macroeconomic Advisers, LLC
Andrew D. Reamer, The Brookings Institution
James Kim, Editor-in-Chief
M. Gretchen Gibson, Managing Editor
Kristina L. Maze, Production Manager
Wm. Ronnie Foster, Graphic Designer
Colby Johnson, Graphic Designer
Danielle M. Wittenberg, Editor
Elizabeth M. Terroni, Intern
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Survey of C urrent B usiness
February 2009
1
Volume 89 • Number 2
GDP and the Economy: Advance Estimates for the Fourth Quarter of 2008
Real GDP decreased 3.8 percent after decreasing 0.5 percent in the third quarter, reflecting a
downturn in exports and a much larger decrease in investment in equipment and software. In 2008,
real GDP increased 1.3 percent after increasing 2.0 percent.
7 The 2008 Financial Crisis and the National Accounts
8 The Upcoming 2009 Comprehensive NIPA Revision
9
BEA Briefing
How BEA Accounts for Investment in Private Structures
A guide to an important component of private business investment: structures. This article also
discusses recent improvements to these statistics, which now better reflect productivity and quality
changes.
17
Research Spotlight
A New Approach to Price Measures for Health Care
A look into the ongoing research at BEA toward developing price indexes that reflect the effects of
substitution in health care spending. The new indexes measure spending on bundles of treatments for
diseases rather than spending on individual treatments.
www.bea.gov
/'/
February 2009
D-1
BEA Current and Historical Data
iii
Director’s Message
iv
Taking Account
BEA’s Web Site and Contacts (inside back cover)
Schedule of Upcoming News Releases (back cover)
Looking Ahead
Preview of the Upcoming 2009 Comprehensive NIPA Revision. A look at the
changes in definitions and tables.
///'
February 2009
Director’s Message
■ MM— —
—
^
^
— IMI■— ■■■■—
—
...............■■■■■'. ■■■— 1—
—
—
—
In this month’s issue, we’re pleased to provide a Research Spotlight
that discusses some exciting research underway at the Bureau of
Economic Analysis (BEA) about health care prices. As part of our
efforts to create a health care satellite account, which would pro
vide a detailed set of statistics about the health care economy,
we’re formulating price indexes that measure spending by bun
dles of treatments for specific diseases rather than by specific
treatments. The main benefit is that such indexes capture the
substitution effects that occur when new, often lower, cost treat
ments emerge.
Also in this issue, a BEA Briefing outlines BEA’s approach to
estimating private investment in structures. The article includes
two tables that describe the source data and the price indexes
used for deflation. We intend to publish similar articles in the fu
ture.
As part of this month’s article on the advance estimates of
gross domestic product for the fourth quarter of 2008, we’ve in
cluded a one-page article about the Troubled Asset Relief Pro
gram and the how the program affects the BEA national
accounts. We certainly intend to stay abreast of major govern
ment initiatives and inform our users how they affect our ac
counts. Please check our FAQ feature on the BEA Web site,
www.bea.gov, for related topics.
Director, Bureau of Economic Analysis
iv
February 2009
Taking Account...
A New Look at the Impact
of the Terms of Trade
In a recent working paper, Mar
shall Reinsdorf, economist at the
Bureau of Economic Analysis
(BEA), takes a new look at the
impact of changes in export and
import prices on the U.S. econ
omy as measured by their effects
on real gross domestic income
(GDI), calculated by deflating
gross domestic product (GDP)
by the gross domestic purchases
price index. Even though trade is
less important for the economy
in the United States than is the
case in many countries, changes
in the terms of trade can have a
significant impact on real GDI.
In the first half of 2008, for ex
ample, a terms-of-trade shock
made the growth rate of real
GDI negative even though real
GDP rose at a rate of 1.8 percent
per year. From 1973 through
2007, the median absolute effect
on annual real GDI growth was
0.2 percentage point.
Export and import prices
have an increased importance in
determining the real income of
many nations as a result of the
vast expansion of global trade
over the past half century. Rising
export prices or falling import
prices increase the gains from
trade, while falling export prices
or rising import prices reduce
the gains from trade. Conse
quently, the change in the terms
of trade— defined as an exports
price index divided by an im
ports price index— indicates the
direction of the influence of
trade prices on GDI. Nations
that export or import large
amounts of volatile commodi
ties, such as crude oil, regu
larly experience terms-of-trade
shocks large enough to cause
significant, short-term swings in
real GDI.
According to Reinsdorf’s pa
per, the petroleum price shocks
that occurred in late 1973 and in
1980 subtracted more than a full
percentage point from annual
growth of real GDI, and in the
first half of 2008, price increases
in petroleum and other im
ported commodities subtracted
2 percentage points from the an
nualized growth of real GDI,
making it negative despite the
steady growth of real GDP.
When petroleum prices are
excluded, the author finds, how
ever, that the U.S. terms of trade
have improved steadily since
1996. Combined with the effects
of declining prices of tradable
goods excluding petroleum,
these terms-of-trade improve
ments contributed an average of
0.15 percentage point to real
GDI growth in the years from
1996 to 2007. On a cumulative
basis, the gains over this period
boosted real GDI by 1.8 percent.
The paper uses an economic
approach to index numbers to
develop theoretical measures of
the terms of trade, trading gains,
and real GDI. Laspeyres and Paasche indexes are shown to pro
vide upper or lower bounds for
these concepts, and the averages
of these bounds, as provided by
Fisher ideal indexes, provide
point estimates that account for
substitution effects. To analyze
the sources of change in real
GDI, the paper develops formu
las for the contributions to
change in real GDI of changes in
the terms of trade and in the rel
ative price of tradable goods and
services.
Reinsdorf’s paper, “Terms of
Trade Effects: Theory and Meth
ods of Measurement,” is avail
able at www.bea.gov/papers/
working_papers.htm.
BEA Economists Present
at AEA/ASSA Meetings
Several BEA economists partici
pated in the American Eco
nomic Association/Allied Social
Sciences Associations meetings
held in San Francisco in January.
Papers presented as part of
the conference session “Imple
mentation of a New Architecture
for the U.S. National Accounts”
included a general overview by
BEA Director Steve Landefeld
and Dale Jorgenson of Harvard
University and chair of the BEA
Advisory Committee.
In addition, Brent R. Moulton
and David B. Wasshausen of
BEA and Michael J. Harper and
Steven Rosenthal of the Bureau
of Labor Statistics presented
their paper on integrating the
GDP accounts with the produc
tivity account.
Dennis Miller of BEA pre
sented his paper “Accounting for
R&D: An Overview.”
For more about papers pre
sented at the meetings, please
visit www.bea.gov/about/
director.htm.
1
February 2009
GDP and the Economy
Advance Estimates for the Fourth Quarter of 2008
R
EAL GROSS domestic product (GDP) decreased at
. an annual rate of 3.8 percent in the fourth quarter
of 2008, the largest decrease since the first quarter of
1982, according to the “advance” estimates of the na
tional income and product accounts (NIPAs) (chart 1
and table l ) .1 Real GDP decreased 0.5 percent in the
third quarter. For the year 2008, real GDP decelerated,
increasing 1.3 percent after increasing 2.0 percent in
2007 (see page 6).
The largest contributors to the much larger fourthquarter decrease in real GDP were a downturn in ex
ports and a much larger decrease in investment in
equipment and software. In contrast, imports de
creased much more in the fourth quarter than in the
third quarter, and inventory investment accelerated.2
• Prices of goods and services purchased by U.S. resi
dents decreased 4.6 percent in the fourth quarter after
increasing 4.5 percent in the third quarter (see page
3). Energy prices turned down sharply, and food
prices decelerated. Excluding food and energy, gross
domestic purchases prices increased 1.2 percent after
increasing 2.8 percent.
• Real disposable personal income (DPI) increased 3.3
percent in the fourth quarter after decreasing 8.8 per
cent in the third quarter. The upturn in real DPI
largely reflected the sharp downturn in the PCE
implicit price deflator that is used to deflate currentdollar DPI; current-dollar DPI decreased 2.4 percent
after decreasing 4.2 percent.
•The personal saving rate, personal saving as a per
centage of current-dollar DPI, was 2.9 percent in the
fourth quarter; in the third quarter, it was 1.2 per
cent.
For a look at how the 2008 financial crisis affects the
national accounts, see page 7. For a description of the
2009 comprehensive NIPA revision, see page 8.
1. “Real” estimates are in chained (2000) dollars, and price indexes are
chain-type measures. Each GDP estimate for a quarter (advance, prelimi
nary, and final) incorporates increasingly comprehensive and improved
source data. More information can be found at www.bea.gov/bea/about/
infoqual.htm and www.bea.gov/bea/faq/national/gdp_accuracy.htm. Quar
terly estimates are expressed at seasonally adjusted annual rates, which
assumes that a rate of activity for a quarter is maintained for a year.
2. In this article, “consumer spending” refers to the NIPA series “personal
consumption expenditures,” “inventory investment” refers to “change in
private inventories,” and “government spending” refers to “government
consumption expenditures and gross investment.”
Chart 1. GDP, Prices, Disposable Personal Income (DPI)
Real GDP: Percent change from the preceding quarter
6
S e a s o n a lly a d ju s te d a n n u a l ra te s
4
2
0
-2
—4
2005
2006
2008
N o n re s id e n tia l fix e d in v e s tm e n t
G o v e rn m e n t s p e n d in g
-
3
-
2
-
1
0
1
Percentage points at an annual rate
2
3
Prices: Percent change from the preceding quarter
6
4
2
0
-2
-4
-6
2005
2006
2007
2008
Real DPI: Percent change from the preceding quarter
12
10
8
6
4
2
0
-2
. t. B
j
j. B
-4
-6
-8
-1 0
J___ I___ I___ I___ I___ I___ I
2005
U.S. Bureau of Economic Analysis
Christopher Swann prepared this article.
2007
Contributions to the percent change in real GDP in 2008:IV
2006
I
I___ I___ I___ I___ I___ I___ L
2007
2008
.
GDP and the Economy
2
February 2009
Real GDP Overview
Table 1. Real Gross Domestic Product and Components
[Seasonally adjusted at annual rates]
Share of
currentdollar
GDP
(percent)
Change from
preceding period
(percent)
2008
2008
IV
2.8
-0.5
1.2
-3.8
I
II
Gross domestic product1....
100.0
0.9
Personal consumption
expenditures...............................
69.6
0.9
6.6
20.0
43.0
Gross private domestic
investment..................................
Fixed investment.........................
13.7
13.7
-5.8 -11.5
-5.6 -1.7
Nonresidential..........................
10.6
2.4
2.5
Structures.............................
Equipment and software.....
4.1
8.6
- 0.6
18.5
-5.0
Change in private inventories.....
Net exports of goods and
services....................................
6.6
I
II
-3.8
0.9
2.8
-3.5
0.61
III
IV
-0.5
-3.8
0.87 -2.75 -2.47
- 2.8 -14.8 -22.4 -0.33 - 0.21 -1.16 -1.71
3.9 -7.1 -7.1 -0.08
0.80 -1.57 -1.49
0.7 - 0.1
1.7
1.02 0.28 -0.03 0.74
-4.3
-0.4
2.4
Residential...............................
2008
III
IV
Durable goods..............................
Nondurable goods.......................
Services.......................................
Contribution to percent
change in real GDP
(percentage points)
0.4 -12.3 -0.89 -1.74
0.06 -1.80
-5.3 - 20.1 - 0.86 -0.25 -0.79 -3.12
-1.7 -19.1
0.27 -0.19
0.26
-
2.26
9.7 - 1.8 0.30 0.64 0.36 - 0 .0 /
-7.5 -27.8 -0.04 -0.37 -0.55 -2.19
3.1 -25.1 -13.3 -16.0 -23.6 - 1.12
- 0.1
-
0.52 -0.60
- 0 0 2 -1.50
-
0.85
1.32
0.84
0.77
2.93
1.05
Exports..........................................
12.3
5.1
12.3
3.0
19.7
0.63
1.54
0.40
Goods.......................................
Services...................................
8.3
4.0
4.5
6.4
16.3
3.8
3.7 -27.7
1.4
0.6
0.39
0.24
1.39
0.15
0.34 -2.87
0.06 0.03
Imports..........................................
16.0
-
0.8
-7.3
-
3.5 -15.7
0.14
1.39
0.65
Goods.......................................
Services...................................
Government consumption
expenditures and gross
investment..................................
13.1
2.9
- 2.0
5.5
-7.1
- 8.0
-4.7 -18.8
0.29
3.3
0.9 -0.15
20.4
1.9
3.9
5.8
1.9
0.38
0.78
1.14
0.38
Federal..........................................
7.7
5.8
6.6
13.8
5.8
0.41
0.47
0.97
0.44
National defense.....................
Nondefense..............................
State and local.............................
5.3
2.5
12.7
7.3
2.9
-0.3
7.3
5.0
2.5
18.0
5.1
1.3
2.1 0.34
14.5 0.06
-0.5 -0.03
0.36
0.85
0.11
0.11
0.12
-3.7
-
0.09
-
2.84
2.93
1.14 0 ./4
2.95
0.25 -0.09 -0.03
0.33
0.17 -0.06
0.31
1. The estimates of GDP under the contribution columns are also percent changes.
N o t e . Percent changes are from NIPA table 1.1.1, contributions are from NIPA table 1.1.2, and shares
are from NIPA table 1.1.10.
Consumer spending decreased slightly less in the
fourth quarter than in the third quarter, and it re
duced the percent change in real GDP by 2.47 percent
age points. The decrease in spending for durable
goods was the largest since the first quarter of 1987.
Nonresidential fixed investment decreased much more
than in the third quarter; it reduced the percent
change in real GDP by 2.26 percentage points. The
27.8 percent decrease in equipment and software fol
lowed a 7.5 percent decrease and was the largest since
the first quarter of 1958. Structures turned down.
Residential investment decreased 23.6 percent after
decreasing 16.0 percent.
Inventory investment picked up and added 1.32 per
centage points to the percent change in real GDP.
Exports turned down sharply, the first decrease since
the second quarter of 2003. The downturn mainly re
flected widespread downturns in exports of goods. Ex
ports of services slowed.
Imports decreased much more than in the third quar
ter. Nonautomotive consumer goods turned down,
and both nonautomotive capital goods and automo
tive vehicles, engines and parts decreased more than in
the third quarter. Petroleum and petroleum products
turned up. Imports of services slowed.
Federal government spending decelerated, reflecting a
slowdown in national defense spending. State and lo
cal government spending turned down.
Table 2. Real Gross Domestic Product (GDP) by Type of Product
[Seasonally adjusted at annual rates]
Share of
currentdollar
GDP
(percent)
Change from
preceding period
(percent)
Contribution to percent
change in real GDP
(percentage points)
2008
2008
2008
IV
I
II
III
IV
I
II
III
IV
-0.5
-3.8
Gross domestic product1 ..............
100.0
0.9
2.8
-0.5
-3.8
0.9
Final sales of domestic product
100.1
- 0.1
0.9
4.4
-1 .3
-5.1
0.89
4.9
1.7
3.3
- 0.02 -1.50 0.84 1.32
-4.2 -12.4 0.29 1.49 -1.29 -3.90
1.7 1.62 1.02 0.87 1.03
1.5
- 1.0 -9.5 -1.03 0.32 -0.09 -0.93
Change in private inventories....
G oods.............................................
Services..........................................
Structures.......................................
29.6
0.9
2.7
61.0
9.4 - 10.1
2.8
4.32 -1.35 -5.12
Addenda:
Motor vehicle output..........................
1.8 -14.2
-
7.3 -63.4 -0.41 - 1.01
33.8
4.0
0.7
GDP excluding motor vehicle output
98.2
1.3
Final sales of computers...................
0.6
8.2
28.4
-1.7
GDP excluding final sales of
computers......................................
99.4
0.8
2.7
-0.5
-
0.16 -2.04
1.28
3.84
-
0.67
-0.4
0.05
0.17
-
0.01
-3.8
0.82
2.66 -0.50 -3.80
- 1.8
-
1.76
0.00
1. The estimates of GDP under the contribution columns are also percent changes.
Note. Percent changes are from NIPA table 1.2.1, contributions are from NIPA table 1.2.2, and shares
are calculated from NIPA table 1.2.5.
Real final sales of domestic product, real GDP less in
ventory investment, decreased 5.1 percent, the largest
decrease since the second quarter of 1980.
Motor vehicle output turned down sharply, decreasing
63.4 percent after increasing 7.3 percent. It subtracted
2.04 percentage points from the percent change in real
GDP. The decrease was the largest decrease since the
fourth quarter of 1970.
Excluding motor vehicle output, real GDP decreased
1.8 percent.
Final sales of computers decreased 0.4 percent after
decreasing 1.7 percent in the third quarter.
February 2009
Sur v ey
of
C u r r e n t B u sin ess
3
Prices
Table 3. Prices for Gross Domestic Purchases
The price index for gross domestic purchases turned
down sharply, decreasing 4.6 percent in the fourth
quarter after increasing 4.5 percent in the third quar
ter. The main contributor to the downturn was a
sharp downturn in prices of energy goods and ser
vices.
[Percent change at annual rates; based on seasonally adjusted index numbers (2000=100)]
Gross domestic purchases1................
Personal consumption expenditures......
Durable goods.......................................
Nondurable goods.................................
Services................................................
Gross private domestic investment.......
Fixed investment...................................
Nonresidential...................................
Structures......................................
Equipment and software.................
Residential.........................................
Change in private inventories.................
Change from
preceding period
(percent)
Contribution to percent
change in gross
domestic purchases prices
(percentage points)
2008
2008
3.5
4.5
-4.6
5.0
Personal consumption expenditures (PCE):
Food.....................................................
Energy goods and services....................
Excluding food and energy.....................
“Market-based” PCE.............................
Excluding food and energy................
Gross domestic product............................
4.2
4.5
2.87
3.37
-5.5
2.43
0.6
-3.9
10.3 -17.8
3.4
0.7
- 0.01
-0.5
- 0.2
2.0
2.0 -0.07
0.05
2.3
1.8 -0.03
0.11
0.27
0.32
0.6
4.2
5.0
0.06
0.23
0.43
2.7
-0.4
7.1
7.7 0.09
3.4 -0.03
0.12
0.12
0.26
0.17
2.6
—3.3
3.6
- 0.1
-
6.7
2.8
-
2.6
-
6.2
-4.6'
- 0.11 -0.04
1.30 1.29 2.02
1.13 1.69 1.39
-
0.10
-
0.12
-
0.11
-5 .9
1.15
1.32
0.85
-3.5
-4.7
-0.7
-7.4
0.38
0.24
0.15
0.77
0.36
0.29
0.06
0.96
0.19
0.15
0.04
4.8
0.44
0.57
0.80
25.1 -68.9
1.21
1.79
1.34
1.85
1.88
2.35
4.7
6.1
24.2
35.5
2.2
2.2
4.9
19.0
6.5
27.4
2.3
2.2
2.4
0.6
3.7
4.3
-6.5
2.1
1.8
2.6
1.1
5.6
2.5
3.9
8.5
2.8
1.2
Prices of residential investment decreased more than
in the third quarter, decreasing 8.2 percent after de
creasing 3.3 percent.
Prices paid by government turned down, decreasing
5.9 percent after increasing 4.4 percent. The downturn
reflected downturns in prices paid both by the federal
government and by state and local governments.
0.66
Consumer prices excluding food and energy, a mea
sure of the “core” rate of inflation, slowed, increasing
0.6 percent after increasing 2.4 percent.
8.5
4.9
31.7 -66.4
0.8
-
Consumer prices turned down sharply, decreasing 5.5
percent after increasing 5.0 percent. The downturn
mainly reflected a sharp downturn in prices paid for
gasoline, fuel oil, and other energy goods. Prices paid
for electricity and gas services also turned down.
Prices paid for nonresidential fixed investment
stepped up, mainly reflecting a pickup in the prices
paid for “other” equipment and for transportation
equipment.
-0.03 -0.06 -0.05
Government consumption expenditures
and gross investment..........................
Federal..................................................
National defense................................
Nondefense.......................................
State and local......................................
Addenda:
Gross domestic purchases:
Food.....................................................
Energy goods and services...................
Excluding food and energy....................
3.5
0.1
1. The estimates under the contribution columns are also percent changes.
Most percent changes are from NIPA table 1.6.7; percent changes for PCE for food and energy
goods and services and for PCE excluding food and energy are calculated from index numbers in NIPA
table 2.3.4. Contributions are from NIPA table 1.6.8.
N o te .
The GDP price index decreased 0.1 percent, while the
gross domestic purchases prices index decreased 4.6
percent. The difference reflects a relatively larger
downturn in import prices than in export prices. Im
port prices decreased 36.7 percent in the fourth quar
ter after increasing 9.2 percent in the third quarter.
Export prices decreased 20.7 percent after increasing
6.7 percent.
Note on Prices
BEA’s gross domestic purchases price index is the most
comprehensive index of prices paid by U.S. residents for all
goods and services. It is derived from the prices of personal
consumption expenditures (PCE), private investment, and
government consumption and investment.
BEA also produces price indexes for all components of
GDP. The PCE price index is a measure of the total cost of
consumer goods and services, including durable goods,
nondurable goods, and services. PCE prices for food,
energy goods and services, and for all items except food
and energy are also estimated and reported. However,
because prices for food and energy can be volatile, the
price measure that excludes food and energy is often used
as a measure of underlying, or “core,” inflation.
BEA also prepares a supplemental PCE price index, the
market-based” PCE price index, which is based on market
transactions for which there are corresponding price mea
sures. This index excludes many imputed expenditures,
such as services furnished without charge by financial
intermediaries, that are included in PCE and the PCE price
index. BEA also prepares a market-based measure that
excludes food and energy.
More information on these market-based measures is
available on BEA’s Web site at www.bea.gov/bea/faq/
national/markbsdPCE.htm. See also “Comparing the Con
sumer Price Index and the Personal Consumption Expen
ditures Price Index” in the November 2007 S u r v e y o f
a
C u r r e n t B u s in e s s .
4
GDP and the Economy
February 2009
Personal Income
Table 4. Personal Income and Its Disposition
[Billions of dollars; quarterly estimates are seasonally adjusted at annual rates]
Level
Change from preceding period
2008
2008
IV
I
II
III
IV
Personal incom e...............................................................
12,124.1
884
191 7
72
-3 5 3
Compensation of employees, received........................
8,066.9
68.7
23.8
46.9
-13.5
Wage and salary disbursements...............................
6,553.3
52.5
13.3
38.8
-16.8
Private industries....................................................
Goods-producing industries...............................
Manufacturing.................................................
Services-producing industries...........................
Trade, transportation, and utilities.................
Other services-producing industries.............
Government.............................................................
Supplements to wages and salaries........................
5,406.1
1 ,200.8
731.8
4,205.3
1,030.5
3,174.8
1,147.2
1,513.6
34.9
-0.5
- 1.8
35.2
-0.4
-5.0
-3.4
4.7
- 2.0
6.5
13.7
10.5
23.8
5.0
-1.4
18.8
- 1.0
19.9
14.9
-25.6
-16.9
- 11.8
-8.7
-16.9
Proprietors’ income with IVA and CCAdj......................
1,060.5
- 2.1
Farm.............................................................................
25.9
-5.5
Nonfarm ......................................................................
1 . 034.6
3.4
8.9
9.2
-1 3 .6 '
Rental income of persons with CC Adj..........................
0.5
- 2.1
19.5
- 1.8
9.9
3.4
21.1
Personal income receipts on assets.............................
89.6
1,999.6
Personal interest income............................................
1,174.5
-18.1
-15.9
8.7
-42.9
Personal dividend income..........................................
825.1
16.0
14.1
-5.3
-13.2
Personal current transfer receipts.................................
1,902.3
40.3
148.2
-53.6
29.6
994.8
16.9
3.2
3.0
-3.6
14.5 -188.9
122.5
Less: Contributions for government social insurance
2.1
33.3
17.6
16.2
8.2
8.1
8.9
3.3
5.2
3.6
- 20.0
-3.6
-5.6
-56.1
1,498.2
Equals: Disposable personal income................................
10,625.9
Less: Personal outlays.......................................................
10,315.7
95.7
133.3
Equals: Personal saving....................................................
310.3
- 21.8
247.3
-137.1
179.5
8.1
8.1
7.8
0.3
0.6
0.0
0.6
0.0
6.2
2.7
2.7
0.0
0.0
0.0
0.0
0.0
0.0
-2.9
2.9
0.0
0.0
0.0
-8.9
8.9
2.5
-2.3
0.0
0.0
2.5
18.8
14.2
15.5
0.0
0.0
0.0
0.0
3.3
-9.0
-1.7
Addenda: Special factors in personal income
In government wages and salaries:
Federal pay raise........................................................
Reservists’ pay............................................................
In supplements to wages and salaries:
Employer contributions for social insurance.............
In nonfarm proprietors’ income:
Disasters....................................................................
In rental income of persons:
Disasters....................................................................
In personal current transfer receipts:
Social security retroactive payments........................
Cost-of-living adjustments under federal transfer
programs.................................................................
Emergency unemployment compensation...............
Disasters.....................................................................
Economic Stimulus Act of 2008 rebate payments....
In contributions for government social insurance:
Increase in taxable wage base..................................
Changes in premium for supplementary medical
insurance.................................................................
In personal current taxes:
Federal tax law changes............................................
Refunds, settlements, and other...............................
Economic Stimulus Act of 2008 rebate payments....
380.5
-115.3
2 9 .6 1
-64.8
21.7 -244.2
Nonfarm proprietors’ income turned down sharply,
decreasing $13.6 billion after increasing $9.2 billion.
Rental income of persons accelerated, increasing $21.1
billion after increasing $9.9 billion. The acceleration
primarily reflected a rebound from the effects of Hur
ricane Ike in the third quarter.
Personal interest income turned down, decreasing
$42.9 billion after increasing $8.7 billion. The down
turn was primarily due to a downturn in interest rates.
0.7
2.7
0.0
0.0
0.0
112.3
14.1
9.0
-107.8
5.7
5.7
0.0
0.0
0.0
2.5
2.5
0.0
0.0
0.0
-4.1
6.7
- 6.2
-4.1
6.7
0.0
0.0
0.0 -199.3
0.0
0.0
0.0
0.0
142.3
50.8
0.0
Wage and salary disbursements turned down, prima
rily reflecting changes in monthly employment, hours,
and earnings. Wages and salaries in private industries
decreased $25.6 billion after increasing $23.8 billion.
-6.5
Less: Personal current taxes..............................................
74.0
Personal income, which is only measured in current
dollars, decreased $35.3 billion in the fourth quarter
after increasing $7.2 billion in the third quarter. The
downturn primarily reflected downturns in wage and
salary disbursements, in nonfarm proprietors income,
and in personal interest income that were partly offset
by an acceleration in rental income of persons and an
upturn in personal current transfer receipts.
0.1
Personal current transfer receipts turned up, increas
ing $29.6 billion after decreasing $53.6 billion. The
upturn primarily reflected the pattern of rebates to in
dividuals from the Economic Stimulus Act of 2008.
Personal current taxes decelerated sharply, primarily
reflecting the pattern of rebates for individuals with
tax liabilities; these rebates were treated as an offset to
personal current taxes.
P e rc e n t
Saving
Personal saving—disposable personal income less personal
outlays—was $310.3 billion in the fourth quarter, an
increase of $179.5 billion. The increase mainly reflected a
very sharp $244.2 billion decrease in personal outlays, the
first decrease since the first quarter of 1958, that was partly
offset by a $64.8 billion decrease in disposable personal
S e a s o n a lly a d ju s te d a n n u a l ra te s
......................................................1 .....1
1 !■!
9
1
1
1 1 ■ ■ 1 1 - ■ ■ - 1 1 1
1
1
1
1
2005
2006
U.S. Bureau of Economic Analysis
1
1
1
1
2007
1
1
I
4
2008
1
February 2009
Su r v e y
of
5
C u r r e n t B usin ess
S ource Data for the A dvance E stim ates
Table 5. Monthly Advance Estimates of Key NIPA Components Based on Partial Data, 2008:1V
[Billions of dollars, seasonally adjusted at annual rates]
2008
July
Private fixed investment:
Nonresidential structures:
Value of new nonresidential construction put in place.....................................................
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
Sept.
Oct.
Nov.
Dec.1
417.0
416.1
426.9
425.1
428.2
426.6
41.9
47.9
24.6
16.7
14.3
39.6
185.1
47.1
177.6
44.0
169.6
44.5
161.9
44.4
151.2
43.5
138.5
39.9
4.6
10.4
-62.2
-57.0
-40.7
-69.6
91.3
20.5
-4.8
-66.7
-82.3
-119.9
Net exports:2
Exports of goods:
U.S. exports of goods, international-transactions-accounts basis..................................
Excluding gold..............................................................................................................
Imports of goods:
U.S. imports of goods, international-transactions-accounts basis..................................
Excluding gold..............................................................................................................
Net exports of goods...........................................................................................................
Excluding gold.................................................................................................................
1,450.0
1,427.8
1,414.6
1,403.3
1,293.8
1,274.1
1,257.6
1,243.2
1,166.6
1,153.3
1,141.8
1,131.0
2,339.4
2,325.9
-889.4
-898.1
2,267.3
2,260.3
-852.7
-856.9
2128.2
2110.6
-834.4
-836.5
2,086.1
2,077.7
-828.6
-834.5
1,795.9
1,789.2
-629.3
-635.9
1,698.6
1,694.1
-556.8
-563.1
State and local government structures:
Value of new construction put in place................................................................................
284.6
291.4
288.7
292.3
295.2
293.7
1. Assumption.
2. Nonmonetary gold is included in balance-of-payments exports and im-
ports, but it is not used directly in estimating exports and imports in the
national income and product accounts.
Summary of the Source Data for the Advance Estimates of GDP
The advance estimates of many components of GDP are
based on 3 months of source data, but the estimates of
some components are based on only 2 months of data. For
the following items, the number of months for which data
are 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 spending (value put in place) (2),
manufacturers’ shipments of machinery and equipment
excluding aircraft (3), shipments of civilian aircraft (2),
and exports and imports of machinery and equipment
( 2 );
Residential investment: Construction spending (value
put in place) (2), single-family housing starts (3), sales of
new homes (2), and sales of existing houses (3);
Change in private inventories: Trade and nondurablegoods manufacturing inventories (2), durable-goods
manufacturing inventories (3), and unit auto and truck
inventories (3);
Net exports o f goods and services: Exports and imports of
goods and services (2);
Government consumption expenditures and gross invest
ment: Federal outlays (3), state and local government con
struction spending (value put in place) (2), and state and
local government employment (3);
Compensation: Employment, average hourly earnings
and average weekly hours (3); and
GDP prices: Consumer price indexes (3), producer price
indexes (3), and values and quantities of petroleum
imports (2).
Unavailable source data
When source data were unavailable, BEA made various
assumptions for December, including the following (table
5):
•A decrease in nonresidential structures, an increase in
aircraft shipments, and decreases in single-family and
multifamily residential structures,
• Decreases in inventories of nondurable-goods manufac
turing and of nonmotor vehicle merchant wholesale and
retail trade,
•A decrease in exports of goods excluding gold and a
larger decrease in imports of goods excluding gold, and
•A decrease in state and local government structures.
A more comprehensive list is available on BEA’s Web site
at www.bea.gov/national/index.htm#supp.
GDP and the Economy
6
February 2009
Real GDP for 2008
Table 6. Real Gross Domestic Product and Components
[Seasonally adjusted at annual rates]
Share of
currentdollar
GDP
(percent)
Contribution to
percent
change in real
GDP (percentage
points)
Change from
preceding
period
(percent)
2008
2007
2008
2007
2008
Gross dom estic p roduct 1 .......................................
100.0
2.0
1.3
2.0
1.3
Personal consum ption expenditures............................
70.4
2.8
0.3
1.95
0 .2 0 '
Durable goods.................................................................
Nondurable goods..........................................................
Services..........................................................................
7.2
20.8
4.8
2.5
42.5
2.6
-4.4
-0.4
1.5
0.38
0.50
1.07
-0.33
- 0.10
0.62
Gross private dom estic in vestm ent..............................
14.0
-5.4
-5.9
-0.90
-0.91
Fixed investment............................................................
14.3
-3.1
- 1.8
-0.50
-0.74
Nonresidential.............................................................
10.9
4.9
0.52
0 .2 0 -
Structures................................................................
3.9
12.7
1.8
11.8
0.40
0.41
- 0.21
Equipment and software........................................
7.0
1.7
-2.9
0.13
Residential..................................................................
3.4
-17.9
- 20.8
- 1.02
-0.93
Change in private inventories........................................
-0.3
-0.40
-0.17
Net exports o f goods and se rvic e s ...............................
-4 .7
0.58
1.41
Exports.............................................................................
13.1
8.4
6.5
0.95
0.79
Goods...........................................................................
Services......................................................................
9.0
4.0
7.5
10.5
6.4
6.8
0.59
0.36
0.54
0.25
Imports.............................................................................
17.7
2.2
-3.3
-0.37
0.62
Goods...........................................................................
Services......................................................................
Government consum ption expenditures and gross
in vestm ent.....................................................................
14.8
2.9
1.7
4.4
-4A
0.7
-0.25
- 0.12
0.64
- 0.02
20.2
2.1
2.9
0.40
0.58
Federal.............................................................................
7.5
1.6
6.0
0.43
National defense........................................................
Nondefense.................................................................
State and local................................................................
5.1
2.4
12.7
2.5
7.1
3.6
0.11
0.12
0.00
1.2
0.28
- 0.2
2.3
0.34
0.08
0.15
1. The estimates of GDP under the contribution columns are also percent changes.
Percent changes are from NIPA table 1.1.1, contributions are from NIPA table 1.1.2, and shares
are from NIPA table 1.1.10.
N o te .
Real GDP slowed, increasing 1.3 percent in 2008 after
increasing 2.0 percent in 2007. The main contributors
to the slowdown were decelerations in consumer
spending and in nonresidential fixed investment.
Consumer spending decelerated sharply, increasing
0.3 percent after increasing 2.8 percent. Spending for
durable goods turned down, mainly reflecting a
downturn in motor vehicles and parts. Spending for
nondurable goods also turned down and was wide
spread. Spending for services slowed, and except for
medical care, it was widespread.
Nonresidential fixed investment slowed, increasing 1.8
percent after increasing 4.9 percent. The deceleration
reflected a downturn in equipment and software.
Residential investment decreased throughout 2008,
the third consecutive year of declines. It subtracted
0.93 percentage point from real GDP growth in 2008.
Net exports contributed 1.41 percentage points to real
GDP growth in 2008 after contributing 0.58 percent
age point in 2007. Exports of both goods and services
slowed in 2008. Imports of goods turned down, add
ing 0.64 percentage point to real GDP growth in 2008
after subtracting 0.25 percentage point in 2007. Im
ports of services slowed.
Government spending picked up, reflecting an accel
eration in national defense spending and an upturn in
nondefense spending. State and local government
spending slowed.
Chart 4. Real Exports and Imports of Goods and
Services in 1998-2008
Chart 3. Contributions to the Increase in
Percent change
Real GDP in 2008
■
C onsumer s sending
■
N onresident al investmen
Residential investment
■
Inventory investment
E xports
Im ports
Federal gove rnment spen ding
fl
State and lot;al governme nt spending
-
2
-
1
0
1
2
3
Percentage points
U.S. Bureau of Economic Analysis
U.S. Bureau of Economic Analysis
February 2009
Su r v ey
of
7
C u r r e n t B u sin ess
The 2008 Financial Crisis and the National Accounts
In 2008, the federal government responded to deteriorat
ing financial markets by creating several new programs to
provide assistance to private-sector institutions. This
article discusses how the Bureau of Economic Analysis
(BEA) national accounts treat these programs.
Troubled Asset Relief Program (TARP). This program
was established in October 2008 by the Emergency Eco
nomic Stabilization Act of 2008 to support financial and
other companies in order to help prevent severe financial
market disruptions. Through various TARP programs,
the Department of the Treasury is authorized to purchase
or insure up to $700 billion in assets in various programs.
By the end of 2008, these programs had disbursed $243
billion for preferred shares and warrants of more than
200 banks and other companies. A warrant is a security
that permits its owner to purchase a specific number of
shares of stock at a predetermined price.
Under the TARP’s Capital Purchase Program, banks of
all sizes received funds. Under the Targeted Investment
Program, Citigroup received funding. Under the Systemically Significantly Failing Institutions Program, Ameri
can International Group (AIG) received funding. And
under the Automotive Industry Financing Program,
GMAC received funding, and General Motors received a
loan. In the near future, more funds will be disbursed
through various TARP programs.
Transactions via TARP programs are not included in
the “government consumption expenditures and gross
investment” component of gross domestic product
(GDP) and do not directly affect GDP. In general, pur
chases of financial assets are recorded in the Federal
Reserve’s flow of funds accounts, not in the national
income and product accounts (NIPAs). However, consis
tent with the recommendations in the newly updated
international guidelines, System o f National Accounts
2008 (SNA), in the fourth quarter of 2008, BEA recorded
a portion of the purchase of preferred stock through the
TARP as capital transfers; this portion was calculated as
the difference between the actual prices paid for the
financial assets and an estimate of their market value.
These capital transfers recognize that the federal govern
ment paid over market value for these financial assets.
Net government saving was not affected by the capital
transfers, but net government lending or borrowing was
reduced as shown in NIPA tables 3.1 and 3.2.1
In most cases, BEA’s estimate of these capital transfers
was based on Congressional Budget Office (CBO) esti
mates, which were prepared on a net present value basis.
CBO calculated the present value of the preferred stock
purchased by the Treasury Department by using a dis
count rate equivalent to the yield on actively traded pre
ferred stock for each company, or if the institution did
not have preferred stock, CBO used an average yield
based on an industry index. CBO valued the warrants
received with the preferred stock using a modified BlackScholes model, which is widely used to calculate the mar
ket value of options and other financial instruments.2
Dividends on the preferred stock purchased through
the TARP and held by the Treasury Department were
classified as government income receipts on assets as
shown in NIPA tables 3.1 and 3.2.
For consistency with the SNA recommendation that
loans should be valued at the full amount the borrower is
obliged to repay, an implicit capital transfer was not
recorded for the loan to General Motors.
GSE program. In September 2008, the Treasury
Department entered into Senior Preferred Stock Pur
chase Agreements with the government-sponsored enter
prises (GSEs) Fannie Mae and Freddie Mac. Under the
agreements, the Treasury Department received $1.0 bil
lion of preferred stock of each enterprise and warrants
representing 79.9 percent of the common stock of each
enterprise. Treasury also committed to purchase up to
$100 billion of senior preferred stock in each if the Fed
eral Housing Finance Agency determines that their liabil
ities have exceeded their assets. In the fourth quarter, the
Treasury Department purchased $13.8 billion of Freddie
Mac preferred stock according to this agreement. In the
NIPAs, BEA treated 50 percent of this as a capital transfer,
recognizing that the federal government paid over mar
ket value for the financial assets. Dividends received on
the preferred stock were classified as government income
receipts on assets as shown in NIPA tables 3.1 and 3.2.
Guarantee programs. In September 2008, the Treasury
Department established the Temporary Guarantee Pro
gram for Money Market Funds to insure holdings of par
ticipating funds. The Federal Deposit Insurance
Corporation (FDIC) also created the Temporary Liquid
ity Guarantee Program, which guarantees certain senior
unsecured debt of banks, thrifts, and certain holding
companies issued by June 30, 2009. The program also
provides full guarantees for noninterest bearing accounts
of participating institutions through the end of calendar
year 2009. In the NIPAs, fees received by the Treasury
Department and the FDIC related to these guarantee
programs are treated as current transfer receipts from
business as shown in NIPA tables 3.1, 3.2, and 3.7.
1. Government net saving is the difference between government cur
2.
See The Troubled Asset Relief Program: Report on Transactions
rent receipts and current expenditures. Government net lending or bor
Through December 31, 2008, A CBO Report (Washington, DC: CBO,
rowing is the financing position of the government sector.
January 2009).
Benjamin A. Mandel
GDP and the Economy
8
February 2009
The Upcoming 2009 Comprehensive NIPA Revision
On July 31, 2009, the Bureau of Economic Analysis
(BEA) will release the initial results of a comprehensive,
or benchmark, revision to the national income and prod
uct accounts (NIPAs). Comprehensive revisions, and to a
lesser extent annual revisions, provide the opportunity to
introduce the major changes that are outlined in BEA’s
strategic plan for maintaining and improving the NIPAs.
(BEA’s strategic plan can be found on its Web site.) Com
prehensive revisions cover a longer time span than
annual revisions and encompass a wider range of revi
sions, including changes in definitions, classifications,
and tables.
The most important source of information for com
prehensive NIPA revisions is the benchmark input-output accounts. These accounts are used to establish the
level of gross domestic product (GDP) for the bench
mark year and to provide critical information for esti
mating GDP for periods after the benchmark year. In the
comprehensive revision to be released in July 2009, the
revised NIPA estimates will reflect the benchmark inputoutput accounts for 2002.
In addition, the upcoming comprehensive NIPA revi
sion will include a new and improved classification sys
tem for personal consumption expenditures (PCE), a
new treatment of disasters, and updated measures of misreported income.
PCE classification system. The PCE classification sys
tem that was introduced in the 2002 benchmark inputoutput accounts reflects the changes that have occurred
in consumer buying patterns and brings the classification
of consumption expenditures closer to the recommenda
tions of the System of National Accounts. This new sys
tem maintains the current detailed items, but it makes
numerous changes to commodities and commodity cate
gories as well as to the functional aggregates and the
type-of-product aggregates.
Treatment of disasters. Disasters, such as hurricanes
and other major catastrophes, affect economic activity
because production is interrupted and physical capital
(such as buildings factories, oil refineries) is damaged or
destroyed. Currently, insurance services output is treated
so that these disasters do not affect GDP. However, the
value of the losses due to the destruction and the insur
ance payments that cover or partially cover them are
reflected in the income measures of the NIPAs. In the
2009 comprehensive revision, the treatment of these
losses and of the insurance payments will be changed to
minimize their impact on current-period income, and
they will be shown as capital transfers in the capital
account.
Misreported income. Typically BEA adjusts the NIPA
measures of income, primarily nonfarm proprietors’
income and wages and salaries, to account for income
that meets IRS filing requirements but is either underre
ported or not reported on tax returns. In the upcoming
comprehensive revision, BEA will update the estimates of
underreported income from updated and new source
information.
For more detailed information about the upcoming
comprehensive revision, see the following S u r v ey articles
and FAQs on BEA’s Web site at www.bea.gov:
• “Preview of Revised NIPA Estimates for 2002: Effects of
Incorporating the 2002 Benchmark Input-Output
Accounts and Proposed Definition and Statistical
Changes” (March 2008)
• “Preview of the 2009 Comprehensive Revision of the
National Income and Product Accounts: New Classifi
cations for Personal Consumption Expenditures”
(May 2008)
• “Preview of the 2009 Comprehensive Revision of the
National Income and Product Accounts: Changes in
Definitions and Tables (forthcoming in March 2009)
• “Preview of the 2009 Comprehensive Revision of the
National Income and Product Accounts: Proposed Sta
tistical and Methodological Changes (forthcoming in
May 2009)
• FAQ 126 “What is a NIPA benchmark or comprehen
sive revision?”
• FAQ 130 “How do benchmark estimates differ from
annual revisions or monthly ‘current’ estimates?”
• FAQ 133 “What are the major sources of new data that
are incorporated during a comprehensive revision?”
• FAQ 136 “What changes in definitions and classifica
tions were introduced in the 2003 comprehensive revi
sion?”
Advance information about the upcoming revision is
on BEA’s Web site; additional information will be posted
as it becomes available.
9
February 2009
■ B E A BRIEFING
How BEA Accounts for Investment in Private Structures
By Paul R. Lally
HILE the term “investment” popularly means
buying financial assets in hopes of a capital
gain, the economic concept of investment refers to the
creation of productive assets— a company building a
new plant, for example, or a new home. Such spending
on new assets adds to the nation’s capital stock, which
is used in turn to produce other goods and services. In
vestment is thus a key component of gross domestic
product (GDP), which measures current production in
the economy, and a perennial object of scholarly inter
est.
This BEA Briefing offers a guide to an important
component of private business investment: structures.
It also discusses recent improvements to the Bureau of
Economic Analysis (BEA) statistics on investment in
structures, which now better reflect productivity and
quality changes.
Private investment in structures, as defined by the
national income and product accounts (NIPAs), gener
ally includes domestic spending on structures by pri
vate businesses, households, and nonprofit institutions
regardless of whether the asset is owned by U.S. resi
dents. Structures can be thought of as products that
are usually constructed at the location where they will
be used and that typically have long economic lives.
BEA generally relies on tax accounting conventions
regarding assets that can be depreciated as a rough
guide in determining what kind of spending is consid
ered investment in the national economic accounts.1
As defined by the NIPAs, most (but not all) struc
tures are buildings. Accordingly, BEA classifies struc
tures investment as either nonresidential or residential.
Nonresidential investment consists of new construc
W
tion and improvements to existing structures in com
mercial and health care buildings, manufacturing
buildings, power and communication structures, and
other structures. Residential investment includes new
construction of single-family homes and multifamily
homes and spending on other residential structures.2
The value of structures also includes equipment in
stalled as part of the structure, such as elevators or
heating and air-conditioning systems.
In the NIPAs, private investment in new construc
tion is measured mainly as the sum of the costs of in
puts of all construction “put in place,” that is, all
construction activity completed in a given period. For
individual projects, BEA’s measure of investment in
structures includes the following:
• Cost of materials installed or erected
• Cost of labor and the cost of construction equip
ment rental for the period
• Cost of architectural and engineering work
• Miscellaneous overhead and office costs incurred
by the project’s owners
• Interest and taxes paid during construction
• Contractors’ profits3
To these measures of construction activity, BEA
adds the following:
• Brokers’ commissions on the sale of new and used
structures. These commissions are considered part
of the total price paid by the purchasers for the
structure and are thus counted as part of the value
of investment.
2. In the NIPAs, spending on new residential housing is counted as invest
ment. However, separate calculations account for the capital services that
flow from residential housing. These services represent the ongoing eco
nomic value that is generated by these assets. The rentals actually paid for
1. Tax accounting conventions are not a perfect guide to capital spending tenant-occupied housing are accounted for as personal consumption
in the NIPAs. There are cases where spending is considered as investment in
expenditures and income for the business sector, and an imputed rental for
the NIPAs but not according to the tax code. For example, exploration and
owner-occupied housing is also accounted for as personal consumption
drilling costs associated with “dry” oil and gas wells are treated as invest
expenditures and income for the household sector. The NIPA calculation
ment in the NIPAs but as expenses in tax accounting. The use of business
for owner-occupied housing essentially treats homeowners as if they
tax accounting conventions as a guide could result in a somewhat arbitrary
charged themselves rent for their homes. This treatment keeps GDP invari
classification of individual items as investment because business accounting
ant as to whether housing is owned or rented.
practices do not treat all items identically from one business to another or
3. Contractors’ profits do not apply to “own-account construction,”
from one period to another, while the NIPAs treat investment consistently
which is included in the NIPA measure of private structures investment.
across businesses. For example, businesses expense the purchase of certain
Such construction refers to construction activity performed by companies
software; in the NIPAs, all software purchases are treated as investment.
for their own use.
10
How BEA Accounts for Investment in Private Structures
•Net purchases of used structures from the govern
ment sector. In general, ownership changes do not
reflect current construction activity. But when a
transaction for a used building occurs between the
private and government sectors, the NIPAs record
the activity. By definition, these purchases net to
zero. They are included to record the transfer of
assets between the public and private sectors to
accurately value the net stock of capital.
• Improvements to structures. These capital expen
ditures add to the value or useful life of a property
and are thus treated as part of investment in struc
tures. Nonresidential improvements are included
with new construction but are not separately identi
fied. Residential improvements are separately mea
sured.
• Mining exploration, shafts, and wells. This cate
gory includes exploration and development expen
ditures related to the construction of mine shafts
and the drilling of oil and gas wells. It also includes
expenditures for dry (unsuccessful) wells.
• “Other” investment. This category includes invest
ment in mobile structures and manufactured
homes.
Historically, structures investment has accounted
for about half of total private investment and about 10
percent of GDP. However, since the first quarter of
2006, private investment in structures’ share of cur
rent-dollar GDP has been steadily decreasing, from 9.1
percent in the first quarter of 2006 to 7.1 percent in the
fourth quarter of 2008 (table 1).
Table 1. Private Fixed Investment in Structures as a
Share of Current-Dollar Gross Domestic Product
[Percent]
All
structures
Non
residential
structures
Residential
structures
2006: 1................................................................
9.1
2.9
I I ...............................................................
9.0
3.1
6.2
5.9
I l l ..............................................................
8.7
3.2
5.5
IV ..............................................................
8.4
3.2
5.2
2007: 1................................................................
8.3
3.3
4.9
I I ...............................................................
8.1
3.4
4.7
I l l ..............................................................
7.9
3.5
4.4
IV ..............................................................
7.6
3.6
4.0
2008: 1................................................................
7.4
3.7
3.7
3.5
I I ...............................................................
7.3
3.8
I l l ..............................................................
7.2
4.0
3.3
IV ..............................................................
7.1
4.1
3.0
Note. Shares of nonresidential structures and of residential investment (mainly structures,
but including residential equipment) are shown In NIPA table 1.1.10.
February 2009
Recently, structures investment has generally been a
drag on real GDP growth, largely because of reduced
investment in residential buildings. From the first
quarter of 2006 to the fourth quarter of 2008, real in
vestment in residential housing subtracted from
growth in each quarter, while real investment in non
residential structures added to growth in all quarters
except the fourth quarter of 2008 (table 2). In the
Table 2. Contributions to Percent Change in Real Gross
Domestic Product by Private Fixed Investment in Structures
[Percentage points]
All
structures
Non
residential
structures
Residential
investment
2006: I ................................................................
0.19
0.42
-0.23
I I ...............................................................
-0.57
0.54
-1.11
I l l ..............................................................
-0.98
0.42
-1.40
IV ..............................................................
-1.10
0.08
-1.18
2007: I ................................................................
-0 .5 6
0.35
-0.91
I I ...............................................................
-0.03
0.57
-0.60
I l l ..............................................................
-0.41
0.65
-1 .0 6
IV ..............................................................
-1.04
0.29
-1 .3 3
2008: I ................................................................
-0.82
0.30
-1.12
I I ...............................................................
0.12
0.64
-0.52
I l l ..............................................................
-0.24
0.36
-0.60
IV ..............................................................
-0.92
-0.07
-0.85
Note. Contributions of nonresidential structures and of residential investment (mainly struc
tures, but including residential equipment) are shown in NIPA table 1.1.2.
fourth quarter of 2008, residential housing investment
subtracted 0.85 percentage point, while nonresidential
investment subtracted 0.07 percentage points. What’s
more, from the first quarter of 2006 to the fourth quar
ter of 2008, residential investment’s share of GDP has
dropped from 6.2 percent to 3.0 percent (table 1).
BEA produces statistics on structures investment as
part of its GDP estimates. Quarterly and annual sum
mary statistics on private investment in structures are
presented in NIPA tables 1.1.1-1.1.10 and classified by
type in tables 5.3.1-5.3.6. More detailed annual statis
tics for private investment in structures are presented
in NIPA tables 5.4.1B-5.4.6B. In addition, more statis
tics are included in underlying detail tables.
Source data
BEA relies on Census Bureau statistical reports on con
struction spending as the primary source data for esti
mating investment in structures. BEA and the Census
Bureau estimates generally share similar construction
activity classifications. However, BEA measures
investment in some structures for which Census
February 2009
Survey
of
C u r r e n t B usin ess
Bureau construction data are not available. In such
cases, BEA uses data from other sources. For example,
to measure investment in petroleum and natural gas
mining, BEA relies on data about drilling footage and
cost per foot from a trade group (the American Petro
leum Institute).
Quarterly current-dollar estimates
In general, BEA relies on “value” or “expenditures”
data, that is, information that encompasses both the
quantity and price elements that are required to calcu
late current-dollar estimates.
In most cases, construction spending data are avail
able from the Census Bureau. BEA uses these data to
extrapolate quarterly estimates on a “best-change” ba
sis, which means that BEA simply applies a percent
change in the indicator for the type of investment be
ing measured. For example, BEA’s quarterly single
family residential structures investment is determined
by applying the growth rate of the Census Bureau esti
mate of construction spending for single-family resi
dential units to BEA’s estimate from the previous
quarter.4 For a listing of the component categories that
are individually measured, see table 3.
In cases where value data are not available from the
Census Bureau, notably for petroleum and natural gas
mining structures, BEA relies on data about prices and
quantities from other information sources. For exam
ple, a “physical quantity times price” method is used to
calculate a current-dollar estimate of petroleum and
natural gas shafts and wells.
Quarterly price and quantity estimates
Deflation. After current-dollar estimates are calcu
lated, BEA uses various price measures to convert the
current-dollar measures to “real” or inflation-adjusted
quantity measures. For most components, simple de
flation is used for this; a quantity index for each de
tailed component is obtained by dividing the most
detailed current-dollar index by an appropriate price
index that has the base year— currently 2000— equal to
100 and then by multiplying the result by 100. In some
cases, a direct valuation method is used. For petroleum
and gas mining, for example, quantity indexes are ob
tained by multiplying the base-year price by actual
quantity data for the period. The result is then ex
pressed as an index with the base year equal to 100.
Price indexes. To deflate individual components,
4. See the box “Incorporating Source Data on the Basis of ‘Best Change’,”
in Eugene R Seskin and David F. Sullivan, “Annual Revision of the National
Income and Product Accounts,” S u r v e y o f C u r r e n t B u s i n e s s 80 (August
2000): 16.
11
BEA uses a variety of price measures from the Census
Bureau, the Bureau of Labor Statistics, and trade
sources. In addition, BEA calculates some indexes. Ta
ble 3 lists the price indexes used to prepare the quar
terly estimates of private investment in structures.
Because GDP measures output, BEA generally pre
fers to use indexes that capture price changes of out
put; using input costs indexes assumes that the output
prices are changing at exactly the same rate as input
costs. This does not capture the effect of changing pro
ductivity. In addition, a longstanding goal of BEA has
been to use, when possible, price measures that have
been adjusted for quality changes, which most econo
mists recommend.
In some important cases, BEA has long used indexes
that account for both quality changes and output
prices. For example, BEA incorporated the Census Bu
reau’s single-family price index in 1968 and the multi
family price index in 1993.
In recent years, BEA has benefited from more ap
propriate price measures, notably new producer price
indexes (PPIs) from the Bureau of Labor Statistics
(BLS) that measure output prices and are quality ad
justed. BLS released a warehouse PPI in 2005, a new
school building PPI in 2006, a new office building PPI
in 2007, and a manufacturing and industrial building
PPI in 2008. All were incorporated by BEA in the fol
lowing annual revisions.
For some components, however, output price in
dexes are unavailable. In such cases, BEA combines an
input cost measure with an output cost measure in an
effort to reflect some of the productivity and quality
changes in the construction industry and the costs for
a particular building category. For hospitals, for exam
ple, BEA combines the Census Bureau’s single-family
houses under construction index with the Turner Con
struction Company building cost index. The former
index reflects the productivity and quality change of
the industry; the latter index reflects the costs associ
ated with building construction.
For some categories, combining a nonresidential
cost index with a residential output index is not appro
priate. In such cases, BEA uses trade-based cost in
dexes. For utilities and communication, for example,
cost indexes are used.
Aggregated estimates
For all aggregated quarterly and annual components,
BEA uses its familiar Fisher chain-type formula to pro
duce real estimates. The procedure uses prices and
quantities from specific components to compute a socalled chained index. For more details about how the
12
How BEA Accounts for Investment in Private Structures
F e b ru a ry 2 0 0 9
Table 3. Source Data and Price Indexes for the Quarterly Estimates
of Private Fixed Investment in Structures by Type—Continues
Component
Major source data
Price index used to deflate the estimates
Description of the price index
Private fixed investment in structures
Nonresidential
Commercial and health care
Office1.................................................
Census Bureau monthly construction survey.
BLS PPI for office building construction.
This PPI measures the quality-adjusted cost for
new office building construction.
An unweighted average of Census Bureau’s
single-family houses under construction index
and the Turner Construction Company building
cost index.
The Census Bureau index measures qualityadjusted changes in the prices of new single
family homes under construction. The building
cost index is a price index for national building
construction costs.
Health care
Hospitals and special care
Hospitals....................................... Census Bureau monthly construction survey.
Special care...........................
Medical buildings.......................
Multimerchandise shopping...........
Food and beverage establishments.
Warehouses..................................
Census Bureau monthly construction survey.
Census Bureau monthly construction survey.
Census Bureau monthly construction survey.
Census Bureau monthly construction survey.
Census Bureau monthly construction survey.
Same as those used for hospitals.
Same as those used for hospitals.
Same as those used for hospitals.
Same as those used for hospitals.
BLS PPI for warehouses.
Other commercial2........................
Census Bureau monthly construction survey.
Weighted average of the BLS PPI for The PPI for warehouses is described above.
warehouses and the BLS PPI for mobile The PPI for mobile structures measures the
structures.
changes in prices for mobile structures.
Census Bureau monthly construction survey.
BLS PPI for industrial buildings.
Electric.........................
Census Bureau monthly construction survey.
Other power3.
Census Bureau monthly construction survey.
A three-quarter moving average of the Bureau This index is a weighted average of costs of
of Reclamation composite index.
labor, materials, and equipment furnished by
contractors for work on dams, pumping plants,
steel penstocks, and discharge pipes, canals
and conduits, laterals and drains, hydroelectric
power plants, concrete pipelines, switch yards
and substations, transmission lines, general
property, and roads and bridges in 17 western
states.
An unweighted average of the three-quarter The Bureau of Reclamation index is described
moving average of the Bureau of Reclamation above. The BLS PPI measures change in the
composite index and the BLS PPI for steel pipe price of steel pipe and tubes.
and tubes.
Engineering News Record construction cost This index is based on prices for materials and
index.
the common labor rate.
Manufacturing.....................
This PPI measures the quality-adjusted cost for
new warehouse construction.
This PPI measures the quality-adjusted cost for
new industrial building construction.
Power and communication
Power
Communication.................................
Census Bureau monthly construction survey.
Mining exploration, shafts, and wells
Petroleum and natural gas................
Mining...............................................
Footage drilled and cost per foot from trade A weighted average of BLS PPI for drilling oil These indexes measure changes in prices of
source extrapolated by BLS PPI for oil and gas and gas wells and BLS PPI for oil and gas field drilling oil and gas wells and of oil and gas field
wells.
services.
services.
Extrapolated from BEA data on private Same as those used for hospitals.
investment in mining equipment.
Other structures
Religious...........................................
Educational and vocational................
Census Bureau monthly construction survey.
Census Bureau monthly construction survey.
Same as those used for hospitals.
BLS PPI for new school construction.
Lodging.............................................
Amusement and recreation...............
Transportation
A ir................................................
Land4...........................................
Census Bureau monthly construction survey.
Census Bureau monthly construction survey.
Same as those used for hospitals.
Same as those used for hospitals.
Census Bureau monthly construction survey.
Census Bureau monthly construction survey.
Same as those used for hospitals.
Weighted average of BLS employment cost
index (ECI) for construction industry, Bureau of
Reclamation construction cost trends for
bridges and for power plants, the BLS PPIs for
material and supply inputs into construction
industries, BLS PPI for other communication
equipment, and the price indexes used for
hospitals.
Farm...
Other5
Census Bureau monthly construction survey.
Census Bureau monthly construction survey.
Brokers’ commissions on sale of
structures..................................
Trend-based BEA data.
Net purchases of used structures6
Trend-based BEA data.
Same as those used for hospitals.
A weighted average of the prices used for The Federal Administration composite index is
electric and the Federal Highway Administration derived from average unit bid prices for fixed
composite index for highway construction.
amounts of common excavation, surfacing, and
structures.
BLS PPI for real estate brokerage, This PPI measures changes in real estate
nonresidential property sales and rental brokerage fees received from nonresidential
including land sales and rental.
property sales and rental.
An unweighted average of the implicit price These implicit deflators reflect the types of
deflators for nonresidential buildings, for building bought and sold by the private sector.
utilities, for farm buildings, and for other private
structures.
See the footnotes at the end of the table.
This PPI measures the quality-adjusted costs
of new school construction.
The BLS employment cost index measures
labor costs. The Bureau of Reclamation
construction cost trends index tracks costs
such as contractor labor and equipment costs
for the Bureau's construction projects. The PPI
for material and supply inputs measure prices
of input commodities, and the PPI for other
communication equipment measures prices of
signal equipment.
February 2009
Su r v e y
of
13
C u r r e n t B usin ess
Fisher index is computed, see “Chained-Dollar In
dexes: Issues, Tips on Their Use, and Upcoming
Changes,” S u r v e y 83 (November 2003): 8-16.
Annual estimates
As part of the annual revision of the NIPAs released ev
ery July, BEA releases revised annual estimates— cur
rent dollar and real— of investment in structures for
the previous 3 years. The 2008 annual revision, for ex
ample, included revised estimates for 2005-2007.
Those estimates were based on the most recent data
from the Census Bureau and other sources (table 4).
Like the quarterly estimates, BEA’s estimates for all
components of structures are made on a “best-change”
basis. So if a Census Bureau type of construction value
increases 5 percent from 1 year to the next, BEA’s cor
responding measure will also increase 5 percent. In ad
dition, the same deflation methods are generally used
for quarterly and annual estimates.
As part of the annual revision, revised quarterly es
timates for the previous 3 years are released as well.
Future directions
BEA plans to work closely with BLS on improving
price measures. Recently, BEA and BLS staff have dis
cussed ways that nonresidential building construction
price indexes might be improved. BEA has suggested
price indexes for highways, hospitals, retail, communi
cation, power, and lodging structures. BEA is also
working with the Census Bureau to fill gaps in data.
Recently, the Census Bureau lost funding for the Sur
vey of Residential Alterations and Repair, which pro
vided data on improvements made to rental and
vacant property.
For the 2009 benchmark revision, BEA plans to re
classify its historical estimates of nonresidential struc
tures to a classification by function. This would create
a consistent time series by removing a discontinuity
that arose from the 2003 benchmark revision, for
which BEA changed its estimates of structures begin
ning with 1997 to reflect changes in the Census Bureau
classification of the value of construction from a classi
fication by function instead of by type.
Table 3. Source Data and Price Indexes for the Quarterly Estimates
of Private Fixed Investment in Structures by Type—Table Ends
Component
Major source data
Price index used to deflate the estimates
Description of the price index
Residential
Permanent site
Single-family structures......................
Census Bureau monthly construction survey.
Multifamily structures.........................
Census Bureau monthly construction survey.
Census Bureau’s price index for single-family This index measures quality-adjusted changes
houses under construction.
in the price of new single-family homes under
construction.
Same as that used for single-family structures.
Other structures
Manufactured homes.........................
Dormitories.......................................
Improvements....................................
Brokers’ commissions on sale of
structures......................................
Net purchases of used structures6
Shipments from trade source and average retail BLS PPI for mobile structures.
prices from Census Bureau monthly survey.
Census Bureau monthly construction survey.
Same as that used for single-family structures.
Trend-based BEA estimate.
An unweighted average of Census Bureau price
index for single-family
houses
under
construction index, BLS PPI for home
maintenance and repair construction, and BLS
ECl for construction industry.
The Census Bureau index is described above,
the PPI measures the cost of residential home
maintenance and repair, and the ECl measures
in labor costs.
Number of single-family houses sold and mean BLS PPI for real estate brokerage, residential This PPI measures changes in real estate
sales price from Census Bureau monthly survey property sales and rental.
brokerage fees received from residential
and trade source.
property sales and rental.
Trend-based BEA data.
Same as that used for single-family structures.
1. Consists of office buildings, except those constructed at manufacturing sites and those
constructed by power utilities for their own use.
2. Consists of auto dealerships, garages except those for buses and trucks, service stations, drug
stores, restaurants, mobile structures, and other structures used for commercial purposes by the retail,
wholesale, and selected service industries.
3. Consists of gas plants, pipelines, and solar power plants.
4. Consists primarily of railroads, but also includes garages for buses and trucks.
This PPI measures changes in the prices of
new mobile homes.
5. Includes water supply, sewage and waste disposal, public safety, highway and street, and conser
vation and development.
6 . Net purchases of used structures include net purchases from federal and state and local govern
ments.
BLS Bureau of Labor Statistics
PPI Producers' price index
ECl Employment cost index
14
How BEA Accounts for Investment in Private Structures
February 2009
Table 4. Source Data and Price Indexes for Annual Estimates of Private Fixed Investment in Structures by Type— Continues
Component
Major source data
Price index used to deflate the estimates
Description of the price index
Private fixed investment in structures
Nonresidential
Commercial and health care
O ffice 1......................................................
Census Bureau monthly construction survey.
BEA price index for office buildings.
This quality-adjusted index measures changes
in costs and is derived using ordinary least
squares hedonic regressions based on square
foot costs data from the R.S. Means Company.
Census Bureau monthly construction survey.
An unweighted average of Census Bureau’s
single-family houses under construction index
and a Turner Construction Company building
cost index.
The Census Bureau index measures qualityadjusted changes in the price of new single
family homes under construction. The building
cost index is a price index for national building
construction costs based on current cost.
Health care
Hospitals and special care
Hospitals..................................
Special care.............................
Census Bureau monthly construction survey.
Same as those used for hospitals.
Medical buildings........................
Census Bureau monthly construction survey.
Same as those used for hospitals.
Multimerchandise shopping............
Census Bureau monthly construction survey.
BLS PPI for warehouses.
Food and beverage establishments
Census Bureau monthly construction survey.
Same as those used for multimerchandise
shopping.
Warehouses....................................
Census Bureau monthly construction survey.
Same as those used for multimerchandise
shopping.
Other com mercial2..........................
Census Bureau monthly construction survey Same as that used for warehouses and BLS This PPI measures changes in the prices of
price index for mobile structures.
new residential mobile homes.
and judgemental trend.
This PPI measures the quality-adjusted cost for
new warehouse construction.
Census Bureau monthly construction survey.
BEA price index for factories.
Electric............................
Census Bureau monthly construction survey.
Weighted average of Handy-Whitman price These indexes are based on prices for
indexes for electric light and power plants and materials, labor costs, and prices of mechanical
and electrical equipment for steam operated
utility buildings.
electric plants in six regions and for reinforced
concrete buildings and brick buildings in six
regions.
Other power 3...................................
Census Bureau monthly construction survey.
Handy-Whitman price index for gas plants.
This index is based on prices for materials,
labor costs, and prices of mechanical and
electrical equipment for gas plants in six
regions.
Communication....................................
Census Bureau monthly construction survey.
AUS Telephone Plant index.
This index is derived from data from operating
companies and suppliers on construction
methods, plant investment, and component
costs.
Manufacturing...................................
This quality-adjusted index measures changes
in costs. It is derived using ordinary least
squares hedonic regressions based on square
foot costs data from the R.S. Means Company.
Power and communication
Power
Mining exploration, shafts, and wells
Petroleum and natural gas..................
Footage drilled and cost per foot from trade Weighted average of BLS PPIs for drilling oil These indexes measure changes in prices
sources extrapolated by BLS producer price and gas wells and for oil and gas field services. received by domestics producers.
index for oil and gas wells.
Mining...................................................
Census Bureau annual capital expenditures
survey.
Same as those used for hospitals.
Religious...............................................
Census Bureau monthly construction survey.
Same as those used for hospitals.
Educational and vocational.................
Census Bureau monthly construction survey.
BLS PPI for new school construction.
Lodging.................................................
Census Bureau monthly construction survey.
Same as those used for hospitals.
Amusement and recreation................
Census Bureau monthly construction survey.
Same as those used for hospitals.
Other structures
This PPI measures the quality-adjusted cost for
new school construction.
Transportation
A ir.....................................................
Census Bureau monthly construction survey.
Same as those used for hospitals.
L an d 4 ...............................................
Census Bureau monthly construction survey.
Weighted average of BLS employment cost
index (ECI) for construction industry, Bureau of
Reclamation construction cost trends for
bridges and for power plants, the BLS PPIs for
material and supply inputs into construction
industries, BLS PPI for other communication
equipment, and the price indexes used for
hospitals.
The BLS employment cost index measures
labor costs. The Bureau of Reclamation
construction cost trends index tracks costs
such as contractor labor and equipment costs
for the Bureau’s construction projects. The PPI
for material and supply inputs measures prices
of input commodities, and the PPI for other
communication equipment measures prices of
signal equipment.
Farm..............................................
Census Bureau monthly construction survey.
Same as those used for hospitals.
O th e r 5...........................................
Census Bureau monthly construction survey.
An unweighted average of the Handy-Whitman
water utility plant index, Federal Highway
Administration composite index for highways,
and those used for hospitals.
Brokers’ commissions on sale of
structures..................................
Trend-based estimates.
BLS
PPI
for
real
estate
brokerage, This PPI measures changes in real estate
nonresidential property sales and rental brokerage fees received from nonresidential
including land sales and rental.
property sales and rental.
Net purchases of used structures
BEA government fixed asset accounts.
An unweighted average of the implicit price These implicit price deflators reflect the types
deflators for nonresidential buildings, for of buildings bought and sold by the private
utilities, for farm buildings, and for other private sector.
structures.
See the footnotes at the end of the table.
The Handy-Whitman water utility plant index is
based on prices for materials, labor costs, and
prices of mechanical and electrical equipment
for water utilities in six regions.
February 2009
Su r v e y
of
15
C u r r e n t B u sin ess
Table 4. Source Data and Price Indexes for Annual Estimates of Private Fixed Investment in Structures by Type—Table Ends
Component
Major source data
Price index used to deflate the estimates
Description of the price index
Census Bureau price index for single-family
houses under construction index.
Census Bureau price index for multifamily
houses under construction.
This index measures changes in the price of
new single-family homes under construction.
This index measures changes in the price of
new multi-family homes under construction.
BLS PPI for mobile structures.
This PPI measures changes in the prices of
new mobile homes.
Residential
Permanent site
Single-family structures......................
Census Bureau monthly construction survey.
Multifamily structures.........................
Census Bureau monthly construction survey.
Other structures
Manufactured homes.........................
Dormitories........................................
Improvements....................................
Brokers’ commissions on sale of
structures......................................
Net purchases of used structures6
Shipments from trade source and average retail
price from Census Bureau monthly survey.
Census Bureau monthly construction survey.
Census Bureau survey of residential alterations
and repair and survey of consumer
expenditures.
See single-family structures for a description of
the Census Bureau index. The BLS
employment cost index measures labor costs in
the construction industry. The PPI measures the
cost of residential home maintenance and
repair.
Number of single-family houses sold and mean BLS PPI for real estate brokerage, residential This PPI measures changes in real estate
sales price from Census Bureau monthly property sales and rental.
brokerage fees received from residential
construction survey and trade source.
property sales and rental.
BEA government fixed asset accounts.
Same as that used for single family structures.
1. Consists of office buildings, except those constructed at manufacturing sites and those
constructed by power utilities for their own use.
2. Consists of auto dealerships, garages except those for buses and trucks, service stations, drug
stores, restaurants, mobile structures, and other structures used for commercial purposes by the retail,
wholesale, and selected service industries.
3. Consists of gas plants, pipelines, and solar power plants.
4. Consists primarily of railroads, but also includes garages for buses and trucks.
Same as that used for single family structures
Average of the Census Bureau index for single
family houses under construction, BLS PPI for
home maintenance and repair, and BLS
employment cost index for construction industry.
5. Includes water supply, sewage and waste disposal, public safety, highway and street, and conser
vation and development.
6 . Net purchases of used structures include net purchases from federal and state and local govern
ments.
BLS Bureau of Labor Statistics
PPI Producers’ price index
ECI Employment cost index
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17
February 2009
Research Spotlight
A New Approach to Price Measures for Health Care
S HEALTH CARE spending continues to grow,
the Bureau of Economic Analysis (BEA) plans to
develop a health care satellite account, which is a de
tailed set of statistics that would allow economists to
better assess health care spending and the effects on the
U.S. economy. In particular, the planned health care
account would provide statistics that allow health
economists to better analyze the returns to treatments
of disease and the sources of changes in health care
costs.1
Critical to the development of these supplemental
measures is the development of appropriate price in
dexes.2 Such indexes are important because they allow
economists to assess the extent to which increases in
spending reflect increases in actual services versus in
creases in prices; that is, they allow for estimates of
“real” spending. With improved price measures as a
key goal, BEA’s planned health care account will fea
ture a new approach to analyzing expenditures: it will
detail spending according to bundles of treatments for
specific diseases, called the disease-based approach in
this article. This contrasts with the conventional ap
proach— called a treatment-based approach in this ar
ticle— which details spending according to specific
treatments and procedures, such as a doctor’s office
visit or a particular drug.
The disease-based approach has been recommended
by leading economists and has been explored for spe
cific diseases, such as heart disease, cataracts, and men
tal conditions.3 A key benefit of this new approach is
that it captures the critical substitution effects that the
conventional approach misses; that is, it can account
A
1. See Aizcorbe, Retus, and Smith (2008) for a description of BEA’s pro
posed health care spending satellite account.
2. BEA’s effort to improve existing price measures for health care services
is partly funded by a grant from the National Institutes of Health and com
plements research currently underway at the Bureau of Labor Statistics
(BLS). See National Research Council (2009) for a description of recent
work at BLS.
3. See Cutler, McClellan, Newhouse, and Remler (2001) for an analysis of
heart attacks, Shapiro, Shapiro, and W ilcox (2001) for an analysis of cata
racts, and Berndt, Busch, and Frank (2001) for an analysis of depression.
Shelly Smith prepared this article.
for shifts to lower cost, new, or alternative treatments.
This Research Spotlight provides a short recap of re
cent research by Ana Aizcorbe of the Bureau of Eco
nomic Analysis and Nicole Nestoriak of the Bureau of
Labor Statistics (Aizcorbe and Nestoriak 2008). The
paper is available at www.bea.gov under “Papers and
Working Papers.” Building on existing research, the au
thors developed a price index that redefines the medi
cal care “good” as the bundle of treatments for a given
disease and calculates price measures for spending on
such bundles. Based on a sample of private medical in
surance claims, the research found that substitution
indeed has had a profound impact on health care
prices, defined in the new way, generating substantial
cost savings. From 2003 to 2005, prices calculated us
ing the disease-based approach increased at an average
annual rate of 4.4 percent, while prices of individual
treatments rose at an average annual rate of 6.1 per
cent.
Because medical care accounts for 16 percent of
gross domestic product (GDP), this slower rate of
price increase translates into a slower rate of increase
for BEA's gross domestic purchases prices and GDP
prices and a higher rate of real GDP growth.
Background
Health economists have long advocated pricing the
treatment of a condition rather than the individual
medical services provided (Scitovsky 1964). Several re
cent studies have defined the health care “good” as the
entire bundle of treatments for a given medical condi
tion, such as a heart attack or a bad knee. Capturing
the price of treating a condition according to this new
approach would require tracking the price of the bun
dle rather than the separate treatments.
Such an approach would better reflect the dynamic
nature of the health care industry. It would capture any
market shifts across treatments, and it would capture
the emergence of new treatments, which can change
the prices of the bundle without changing the price of
individual treatments.
There are several examples of substitution in health
care services. Consider the treatment of depression.
In recent years, there has been a shift away from talk
Research Spotlight
18
therapy to lower cost drug therapy. Conventional price
indexes that track these two treatments separately can
not account for the substitution that has occurred. As
another example, knee surgery used to involve a costly
overnight stay in a hospital but now is often performed
on an outpatient basis, resulting in a lower cost for the
treatment of the bad knee. By tracking the cost of hos
pital stays separately from the cost of outpatient ser
vices, standard medical care price indexes cannot
capture the cost savings that arise from the change in
treatments.
So how should one define the price? Taking the pa
tient’s perspective, one would define the price as what
ever the patient pays for the service. This is the
perspective taken by the consumer price index, which
aims to track payments for health insurance and outof-pocket payments for treatments. Instead, Aizcorbe
and Nestoriak take a provider perspective and define
the “price” as the amount of revenues received by pro
viders from all payers— the perspective most suited for
the national accounts. To measure the total costs of all
treatments for a given disease, Aizcorbe and Nestoriak’s approach would, in theory, account for the total
dollars received by the health care system— that is, all
providers taken together— for the treatment of some
condition over a given quarter divided by the number
of patients treated.
Algebraically,
cd
=
changes in outcomes. Thus, their indexes are best
viewed as “quality-unadjusted” price indexes. To the
extent that the quality of care is increasing over time,
these quality-unadjusted price indexes will overstate
true price growth and are best viewed as an upper
bound.
Empirical results
Aizcorbe and Nestoriak obtained data that included
more than 700 million claims from a sample of Health
Maintenance Organization (HMO), Preferred Pro
vider Organization (PPO), and Point of Service (POS)
plans for 2003-2005.4 These data were processed using
an episode grouper, a computer algorithm developed
by Symmetry/Ingenix, that allocated the claims data to
more than 500 disease groups. The grouper allowed
the authors to construct prices for the disease catego
ries and to create an aggregate price index that covers
all conditions.5
In addition, the authors constructed a treatmentbased price index similar in concept to producer price
indexes constructed by the Bureau of Labor Statistics
in order to compare the disease-based estimates with a
more conventional approach to measuring prices of
medical care. The results are shown in chart l.6
Chart 1. Comparison of Disease-Based and TreatmentBased Price Indexes
^ M d , i xd ,i ^ d
where, for a given quarter,
cd • measures the cost of treatment i for condition d,
Xj •is the number of such treatments, and
Pd is the number of patients under treatment for con
dition d.
A caveat: for the purposes of empirical work,
Aizcorbe and Nestoriak’s research was based only on
patients with private health insurance, typically pro
vided by employers. While the data were suitable for
the study, the empirical results cannot be generalized
to the entire health care economy.
Another caveat: most economists agree that price
indexes should account for major quality changes. For
health care indexes, quality refers to changes in health
outcomes, that is, in the effectiveness of specific treat
ments. (Berndt, Busch, and Frank, 2001). While many
previous detailed case studies adjusted for quality, the
primary goal of the indexes in Aizcorbe and Nesto
riak’s research is to account for treatment substitution
across a broad range of conditions. This diversity of
disease types raises difficulties in accounting for
February 2009
The disease-based index, which takes treatment
substitution into account, grew at a slower rate from
2003 to 2005 than the treatment-based price index (4.4
4. The data were purchased from Pharmetrics, Inc.
5. Episode groupers are just one means of allocating data into disease cat
egories. See Aizcorbe, Retus, and Smith (2008) for a discussion of other
ways to allocate medical care spending.
6. Laspeyres indexes are shown. In addition, the authors calculated a
Fisher ideal index; the results are nearly identical.
February 2009
Su r v e y
of
19
C u r r e n t B usin ess
percent versus 6.1 percent at a compound annual rate).
These findings are consistent with previous cost-ofdisease studies. From a national accounts perspec
tive— assuming the result holds across all types of pa
tients and not just the commercially insured— the 1.7percentage-points difference in the deflator for medi
cal care spending would raise real GDP in a given year
by as much as a quarter of a percentage point.
The authors’ results, summarized in table 1, are
consistent with many health economists' expectations:
when medical care services are redefined as the treat
ment of a medical condition, prices are shown to in
crease at a slower rate than when services are defined as
specific treatments.
Of the 19 disease categories shown, 15 showed
smaller price increases over the 3-year period when
measured using the index based on the bundle of treat
ments; these categories accounted for 90.3 percent of
total medical care spending for this sample of patients.
But is this lower rate of inflation coming from a
substitution of treatments? Aizcorbe and Nestoriak de
veloped a decomposition of the differences between
the indexes, which allowed them to measure changes in
treatment use. This decomposition is presented in ta
ble 2. A finding that a certain type of treatment is being
used less intensively is indicated by a negative value
(conversely, a positive value is evidence of more in
tense use of a treatment). Across a disease category, a
combination of negative and positive values across
treatment types indicates treatment substitution.
The decomposition confirms the presence of treat-
Table 1. Comparison of Disease-Based Price Indexes
With Treatment-Based Price Indexes
Average annual
growth rates,
2003:1—2005:IV
(percent)
Share of
total costs
(percent) Diseasebased
index
Disease category
Difference
Treat
mentbased
index
Orthopedics and rheumatology....................
Cardiology.....................................................
Gastroenterology..........................................
Otolaryngology..............................................
Gynecology...................................................
16.0
10.6
8.5
8.3
7.4
11.8
1.7
16.3
9.2
11.2
18.0
17.5
21.6
14.8
21.0
-6.2
-15.7
-5.2
-5.6
-9.8
Endocrinology................................................
Neurology......................................................
Psychiatry......................................................
Pulmonology..................................................
Obstetrics......................................................
6.2
5.9
5.4
5.3
5.1
11.8
15.4
3.1
16.3
19.1
14.9
21.3
8.0
18.9
16.1
-3.1
-5.9
-4.9
-2.6
3.0
Dermatology..................................................
Hepatology....................................................
Urology..........................................................
Neonatology..................................................
Hematology...................................................
4.5
3.3
3.1
2.9
2.7
16.4
9.4
7.0
30.8
18.8
19.3
11.6
15.8
28.7
22.2
-3.0
-2.3
-8.8
2.2
-3.5
Ophthalmology..............................................
Nephrology....................................................
Infectious diseases.......................................
Chemical dependency..................................
1.9
1.2
1.0
0.7
8.4
3.6
37.3
18.3
10.8
10.2
32.9
12.3
-2.4
-6.6
4.3
6.0
ment substitution for several categories: shifts from of
fice visits and hospital visits towards drugs for
psychiatric conditions, shifts from care at hospitals to
wards care at ambulatory surgical centers for orthope
dic and gastroenterological conditions, and similar
shifts in endocrinology (a disease class that includes
diabetes and obesity).
In four categories, in which the disease-based
Table 2. Decomposition of Cost Savings From Treatment Substitution
[Percentage points}
Hospital
Disease category
Difference
Inpatient
Emergency
Outpatient
room
Office
visits
Prescrip
tion
drugs
Laboratory
Home
care
Ambulatory
surgical
centers
Other
Orthopedics and rheumatology...........................................
Cardiology............................................................................
Gastroenterology.................................................................
Otolaryngology.....................................................................
Gynecology..........................................................................
-6.2
-15.7
-5.2
-5.6
-9.8
-1.1
-11.6
-1.3
0.1
-3.0
-2.8
-1.6
-2.7
-2.6
-2.8
-0.2
0.1
-0.1
-0.2
0.1
-1.4
-1.5
-2.0
-2.0
-3.0
-0.1
-0.1
-0.5
-0.8
-0.5
0.0
0.1
0.2
0.1
-0.1
0.6
0.1
0.0
0.2
0.0
0.2
-0.1
0.7
0.0
-0.4
-1.0
0.4
-0.3
0.0
Endocrinology......................................................................
Neurology..............................................................................
Psychiatry.............................................................................
Pulmonology........................................................................
Obstetrics.............................................................................
-3.1
-5.9
-4.9
-2.6
3.0
-2.8
-0.5
-1.0
0.7
3.1
-1.0
-1.9
-0.3
-1.7
-0.5
-0.1
-0.3
0.0
-0.5
0.2
-2.2
-2.9
-5.3
-1.8
0.0
3.0
0.5
2.3
0.0
-0.4
-0.1
0.0
0.0
0.0
0.2
0.5
0.0
0.0
0.3
0.1
-0.1
0.0
0.0
0.0
-0.1
-0.4
-0.8
-0.7
0.4
0.3
Dermatology........................................................................
Hepatology...........................................................................
Urology..................................................................................
Neonatology.........................................................................
Hematology..........................................................................
-3.0
-2.3
-8.8
2.2
-3.5
0.7
0.3
-3.0
2.1
-0.7
-1.3
-1.6
-3.4
-0.1
-2.3
-0.3
0.2
-0.2
0.0
0.0
-1.7
-0.5
-1.9
0.6
-1.7
-1.0
-1.7
0.2
-0.1
-0.4
0.3
0.0
0.1
0.0
0.1
0.3
0.0
0.1
-0.3
0.0
-0.6
0.2
-0.1
0.0
0.0
0.6
0.9
-0.6
0.0
1.4
Ophthalmology.....................................................................
Nephrology...........................................................................
Infectious diseases..............................................................
Chemical dependency.........................................................
-2.4
-6.6
4.3
6.0
-0.1
-0.2
3.4
2.4
-2.1
-5.9
-0.7
-2.4
-0.1
0.0
0.3
2.9
-0.6
-0.5
-0.8
-2.0
-0.5
0.4
1.2
3.4
0.0
0.1
0.2
0.1
0.3
-0.2
0.6
0.0
0.8
-0.1
0.0
0.1
-0.2
-0.3
0.0
1.5
-1.5
20
Research Spotlight
indexes showed faster rates of change than the treat
ment indexes (obstetrics, neonatology, infectious dis
eases, and chemical dependency), these cost increases
stemmed mainly from increased inpatient hospital use
(for chemical dependency, increases in prescription
drug use and emergency room visits also contributed).
In cardiology, the decomposition also reveals an
other pattern: a large decline in the use of inpatient
care with little change in the intensity of other treat
ments. The authors present two possible explanations
for this outcome. One explanation is that although pa
tients appear to have as many office visits and purchase
as many prescriptions as they did in 2003, perhaps the
2005 treatments were better, obviating the need for in
patient care and, thus, giving rise to cost savings. The
other explanation is simply that patients received less
care in 2005 than in 2003, perhaps because the care in
2003 was excessive or perhaps because the quality of
care declined. This latter possibility underscores the
importance of accounting for outcomes; a decline in
the quality of care should be recorded as a decline in
real services, not prices, while delivering the same
quality of care with fewer treatments should be re
February 2009
corded as a decline in price. As the authors note, it is
impossible to distinguish between the two possibilities
without accounting for outcomes. The assumption un
derlying the authors’ conclusions is that, on average,
the quality of care is increasing over time.
Conclusion and future work
Aizcorbe and Nestoriak's paper represents the first step
in preparing alternative measures of health care spend
ing in the national accounts. The authors show that
treatment substitution is a significant issue over a
broad range of conditions and that the effects are large
enough that they could meaningfully affect real GDP
growth. Their research, however, is preliminary and
leads to other questions. Do these conclusions hold for
the entire population? How reliable are the episode
groupers in allocating medical care spending into dis
ease categories? Future research will involve assessing
the sensitivity of these price indexes to the choice of
episode grouper and exploring the costs of treatments
faced by other significant segments of the popula
tion— namely Medicare and Medicaid recipients, the
uninsured, and the institutionalized.
References
Aizcorbe, Ana M., and Nicole Nestoriak. 2008. “The
importance of Pricing the Bundle of Treatments.” BEA
working paper no. 2008-04; www.bea.gov.
Aizcorbe, Ana M., Bonnie A. Retus, and Shelly
Smith. 2008. “Toward a Health Care Satellite Account.”
Survey o f Current Business 88 (May): 24-30.
Berndt, Ernst R., Susan H. Busch, and Richard G.
Frank. 2001. “Treatment Price Indexes for Acute Phase
Major Depression.” In Medical Care Output and Pro
ductivity, edited by David M. Cutler and Ernst R.
Berndt, 463-505. Studies in Income and Wealth, vol.
62. Chicago: University of Chicago Press.
Cutler, David M., Mark McClellan, Joseph P. Newhouse, and Dahlia Remler. 2001. “Pricing Heart Attack
Treatments.” In M edical Care Output and Productivity,
edited by David M. Cutler and Ernst R. Berndt, 305347. Studies in Income and Wealth, vol. 62. Chicago:
University of Chicago Press.
National Research Council. 2009. Strategies fo r a
BEA Health Care Satellite Account: Summary o f a Work
shop. Christopher Mackie, Rapporteur. Steering Com
mittee for the Workshop to Provide Guidance for
Development of a Satellite Account at the Bureau of
Economic Analysis. Committee on National Statistics,
Division of Behavioral and Social Sciences and Educa
tion. Washington, DC: The National Academies Press.
Scitovsky, Anne A. 1964. “An Index of the Cost of
Medical Care— A Proposed New Approach ” In The
Economics o f Health and M edical Care, edited by So
lomon J. Axelrod, 128-142. Ann Arbor: University of
Michigan, Bureau of Public Health Economics.
Shapiro, Irving, Matthew D. Shapiro, and David W.
Wilcox. 2001. “Measuring the Value of Cataract Sur
gery” In M edical Care Output and Productivity, edited
by David M. Cutler and Ernst R. Berndt, 411-437.
Studies in Income and Wealth, vol. 62. Chicago: Uni
versity of Chicago Press.
February 2009
D-1
BEA Current and Historical Data
A selection of estimates from the national, industry, international, and regional accounts of the Bureau of Economic
Analysis (BEA) are presented in this section. BEA’s estimates are not copyrighted and may be reprinted without BEA’s
permission. Citing the S u r v e y o f C u r r e n t B u sin es s and BEA as the source is appreciated.
More detailed estimates from BEA’s accounts are available on BEA’s Web site at www.bea.gov. These estimates are
available in a variety of formats. In addition, news releases, articles, and other information, including methodologies
and working papers, are available.
The tables present annual [A], quarterly [Q], and monthly [M] data.
National Data
A. Selected NIPA tables [A,Q]
1. Domestic product and income..............................D-2
2. Personal income and outlays..................................D-18
3. Government current receipts and expenditures ...D-21
4. Foreign transactions............................................... D-33
5. Saving and investment............................................ D-37
6. Income and employment by industry.................. D-42
7. Supplemental tables................................................ D-43
G. Investment tables [A]
G.l U.S. international investment position.............. D-64
G.2 USDIA: Selected items......................................... D-65
G.3 Selected financial and operating data of foreign
affiliates of U.S. companies............................D-66
G.4 FDIUS: Selected items.........................................D-67
G.5 Selected financial and operating data of U.S.
affiliates of foreign companies.......................D-68
H. Charts
B. NIPA-related table
The United States in the international economy..... D-69
B.l Personal income and its disposition [A, M ]...... D-46
Regional Data
C. Historical measures [A, Q]
C.l GDP and other major NIPA aggregates............. D-47
D. Charts
Selected NIPA series................................................... D-51
Industry Data
I. State and regional tables
1.1 Personal income [Q]............................................. D-70
1.2 Personal income and per capita
personal income [A]..........................................D-71
1.3 Disposable personal income and per capita
disposable personal income [A ]...................... D-72
1.4 Gross domestic product by state [A]................... D-73
E. Industry table
E.l Value added by industry [A]................................D-57
International Data
F. Transactions tables
F.l U.S. international transactions in goods
and services [A, M]............................................D-58
F.2 U.S. international transactions [A, Q]................ D-59
F.3 U.S. international transactions by area [Q]........ D-60
F.4 Private services transactions [A]..........................D-63
J. Local area tables
J.l Personal income and per capita personal income
by metropolitan area [A]...................................D—74
J.2 Gross domestic product by metropolitan area
for industries [A]............................................... D-79
K. Charts
Selected regional estimates.........................................D-83
Appendixes
A. Additional information about the NIPA esti
mates
Statistical conventions................................................ D-85
Reconciliation table [A, Q ]........................................ D-86
B. Suggested reading............................................... D-87
D-2
February 2009
National Data
A. Selected NIPA Tables
The selected set of NIPA tables presents the most recent estimates of gross domestic product (GDP) and its
components, which were released on January 30, 2009. These estimates include the “advance” estimates for the
fourth quarter of 2008 and the initial annual estimates for 2008.
The selected set presents quarterly estimates that are updated monthly. Annual estimates are presented in most
of the tables.
The GDP news release is available on BEA’s Web site within minutes after the release. To receive an e-mail noti
fication of the release, go to www.bea.gov and subscribe. The “Selected NIPA Tables” are available later that day.
1. Domestic Product and Income
Table 1.1.2. Contributions to Percent Change in Real
Gross Domestic Product
Table 1.1.1. Percent Change From Preceding Period in Real
Gross Domestic Product
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
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...
Seasonally adjusted at annual rates
Line
2008
III
IV
1
2.0
1.3
-0.2
I
0.9
II
2.8
-0.5
-3.8
2
2.8
4.8
2.5
0.3
-4.4
-0.4
1.5
1.0
0.4
0.3
1.4
0.9
-4.3
-0.4
2.4
1.2
- 2.8
3.9
0.7
-3.8
-14.8
-7.1
- 0.1
-3.5
-22.4
-7.1
1.7
-5.9
-4.8
1.8
11.8
-11.9
- 6.2
3.4
8.5
-5.8
-5.6
2.4
-2.9
- 20.8
1.0
8.6
- 0.6
-27.0
-25.1
-11.5
-1.7
2.5
18.5
-5.0
-13.3
0.4
-5.3
-1.7
9.7
-7.5
-16.0
-12.3
- 20.1
-19.1
- 1.8
-27.8
-23.6
6
7
8
9
10
11
12
2.6
-5.4
-3.1
4.9
12.7
1.7
-17.9
Net exports of goods and
Exports....................................
Goods.................................
Services..............................
Imports....................................
Goods.................................
Services..............................
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
1M
14
15
16
17
18
19
8.4
7.5
10.5
6.5
6.4
2.2
-3.3
-4.1
0.7
1.7
4.4
6.8
4.4
5.1
2.7
-2.3
- 2.6
-0.9
20
21
22
1.6
6.0
2.5
23
24
- 0.2
2.3
7.1
3.6
0.8
-0.5
-0.9
0.4
1.2
1.6
2.1
2.9
5.1
4.5
6.4
- 0.8
- 2.0
5.5
1.9
5.8
7.3
2.9
-0.3
12.3
16.3
3.8
-7.3
-7.1
- 8.0
3.9
6.6
7.3
5.0
2.5
3.0
3.7
1.4
-3.5
-4.7
3.3
5.8
13.8
18.0
5.1
1.3
-19.7
-27.7
0.6
-15.7
-18.8
0.9
1.9
5.8
2.1
14.5
-0.5
2008
2007
IV
2008
I
II
III
IV
Percent change at annual rate:
Gross domestic product....
3
4
5
2007
1
2.0
1.3
-0.2
0.9
2.8
-0.5
-3.8
2
1.95
0.38
0.50
1.07
0.20
-0.33
- 0.10
0.62
0.67
0.03
0.05
0.59
0.61
-0.33
-0.08
1.02
0.87
- 0.21
0.80
0.28
-2.75
-1.16
-1.57
-0.03
-2.47
-1.71
-1.49
0.74
-0.91
-0.74
10
11
12
-0.90
-0.50
0.52
0.40
0.13
- 1.02
-0.40
-1.93
-0.97
0.36
0.29
0.07
-1.33
-0.96
-0.89
- 0.86
0.26
0.30
-0.04
- 1.12
- 0.02
-1.74
-0.25
0.27
0.64
-0.37
-0.52
-1.50
0.06
-0.79
-0.19
0.36
-0.55
-0.60
0.84
-1.80
-3.12
-2.26
-0.07
-2.19
-0.85
1.32
13
14
15
16
17
18
19
0.58
0.95
0.59
0.36
-0.37
-0.25
- 0.12
1.41
0.79
0.54
0.25
0.62
0.64
0.94
0.53
0.43
0.40
0.38
- 0.02
0.02
0.77
0.63
0.39
0.24
0.14
0.29
-0.15
2.93
1.54
1.39
0.15
1.39
1.14
0.25
1.05
0.40
0.34
0.06
0.65
0.74
-0.09
0.09
-2.84
-2.87
0.03
2.93
2.95
-0.03
20
21
22
0.40
0.58
0.43
0.34
0.08
0.15
0.16
-0.04
-0.04
0.38
0.41
0.34
0.06
-0.03
0.78
0.47
0.36
1.14
0.97
0.85
0.38
0.44
0.11
0.12
0.31
0.17
0.33
-0.06
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.........................
3
4
5
6
7
8
9
23
24
0.11
0.12
0.00
0.28
0.20
0.41
- 0.21
-0.93
-0.17
0.10
0.01
0.19
0.11
February 2009
Survey
of
D-3
C u r r e n t B u sin ess
Table 1.1.3. Real Gross Domestic Product, Quantity Indexes
Table 1.1.4. Price Indexes for Gross Domestic Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
Gross domestic product....
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services..................................
I
II
Line
III
2 122.456 122.804 123.130 123.395 123.770 122.572 121.478
3 143.908 137.639 144.856 143.284 142.273 136.695 128.302
4 122.872 122.325 123.261 123.147 124.317 122.035 119.802
5 118.259 120.006 119.020 119.739 119.937 119.916 120.433
7 107.717
8 112.244
9 97.264
10 117.412
11 101.534
1?
Net exports of goods and
services.................................
Exports....................................
Goods..................................
Services..............................
Imports....................................
Goods.................................
Services..............................
13
14
15
16
17
18
19
6 104.278
2007
2008
IV
1 117.388 118.889 118.374 118.631 119.460 119.308 118.157
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software
Residential...........................
Change in private inventories...
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
Seasonally adjusted
2008
98.085
102.515
114.295
108.734
113.965
80.385
102.639
106.503
114.819
102.076
118.636
92.110
101.110
104.969
115.504
104.206
118.470
85.698
98.071
104.522
116.212
108.716
116.961
82.692
98.169 94.989
103.102 97.466
115.714 109.751
111.257 110.756
114.709 105.721
79.154 73.997
138.520
135.446
146.108
129.205
129.401
128.480
135.189
132.219
142.570
133.254
134.315
128.185
136.880
133.690
144.792
132.991
133.654
129.913
140.908
138.826
146.131
130.509
131.212
127.217
141.943
140.079
146.640
129.367
129.653
128.249
2007
2008
IV
I
II
III
1 119.819 122.453 120.826 121.613 121.951 123.134 123.113
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services..................................
2 117.659 121.542 119.221 120.283 121.544 123.041 121.300
86.237 86.110 85.256
3 87.154 86.046 86.598 86.581
4 118.407 124.554 121.092 123.059 125.021 128.129 122.007
5 124.712 128.722 126.253 127.133 128.450 129.538 129.767
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software
Residential...........................
Change in private inventories...
6 117.735 118.335 117.960 117.815 117.926 118.510 119.090
7 117.995 118.770 118.189 118.117 118.353 119.037 119.573
8 108.739 110.537 109.015 109.177 109.788 110.913 112.268
9 157.662 163.326 159.138 160.182 161.496 164.285 167.341
10 94.870 95.507 94.798 94.700 95.101 95.710 96.519
11 138.884 135.699 138.803 137.900 136.687 135.535 132.672
12
Net exports of goods and
130.068
127.335
136.868
133.654
134.921
127.581
134.347
129.189
146.870
123.951
123.086
128.541
Exports...................................
Goods.................................
Services...............................
Imports....................................
Goods..................................
Services...............................
20 116.871 120.293 117.879 118.443 119.594 121.288 121.847
21 130.078 137.819 131.610 133.488 135.628 140.080 142.080
22 135.596 145.204 137.694 140.125 142.621 148.643 149.426
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
23 120.127 124.412 120.614 121.469 122.949 124.473 128.755
24 110.167 111.503 110.914 110.844 111.517 111.891 111.760
18
14
15
16
17
18
19
116.586 123.001 118.794 121.397 124.560 126.592 119.452
115.062 121.344 117.085 119.916 123.456 125.137 116.866
120.211 126.941 122.855 124.932 127.211 130.082 125.540
120.168 132.771 124.907 128.722 137.136 140.189 125.039
118.326 131.456 123.378 127.427 136.387 139.607 122.401
129.928 139.396 132.874 135.377 140.740 142.873 138.595
20 132.941 139.227 135.174 137.237 139.588 141.107 138.973
21 130.076 134.283 131.070 132.879 134.553 135.447 134.255
22 131.874 136.557 133.237 134.905 136.967 138.004 136.352
23 126.636 129.887 126.886 128.986 129.868 130.465 130.229
24 134.671 142.211 137.649 139.866 142.632 144.540 141.807
Table 1.1.5. Gross Domestic Product
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
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.........................
IV
Gross domestic product....
Line
2008
1
II
III
1 13,807.5 14,280.7 14,031.2 14,150.8 14,294.5 14,412.8 14,264.6
2
3
4
5
9,710.2 10,058.5
1,082.8 1,022.7
2,833.0 2,966.9
5,794.4 6,068.9
6 2,130.4 2,004.1
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services...................................
2,056.1
2,081.7
1,553.6
522.7
1,030.9
528.1
-25.6
2,000.9
2,077.0
1,571.9
549.8
1,022.1
505.0
-76.0
2,010.9
2,060.6
1,581.2
572.4
1,008.8
479.4
-49.7
1,948.4
1,956.7
1,518.0
580.4
937.6
438.7
-S.3
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software...
Residential...........................
Change in private inventories...
-705.7
1,820.8
1,256.9
563.9
2,526.5
2,118.0
408.5
-718.2
1,923.2
1,343.7
579.5
2,641.4
2,225.5
415.9
-707.7
1,968.9
1,374.3
594.6
2,676.6
2,251.0
425.6
-528.9
1,758.4
1,183.7
574.8
2,287.4
1,873.6
413.8
Net exports of goods and
services.................................
Exports....................................
Goods.................................
Services...............................
Imports....................................
Goods..................................
Services...............................
10
11
12
556.3
999.9
487.8
-39.9
13
14
15
16
17
18
19
-707.8
1,662.4
1,149.2
513.2
2,370.2
1,985.2
385.1
-665.1
1,867.8
1,289.6
578.2
2,533.0
2,117.0
415.9
-696.7
1,759.7
1,213.7
546.0
2,456.5
2,060.9
395.6
2,134.0
2,044.0
9
20 2,674.8 2,883.2 2,742.9 2,798.1 2,873.7 2,946.1 2,914.9
21
979.3 1,071.2
998.3 1,026.5 1,056.1 1,098.0 1,103.9
22
662.2
734.3
679.3
699.9
754.4
723.3
759.5
23
24
317.1
1,695.5
336.9
1,812.1
Gross domestic product....
9,930.2
944.4
2,846.0
6,139.8
480.3
1,023.5
630.2
-3.6
7
8 1,503.8 1,556.2
319.0
1,744.6
326.6
1,771.6
332.9
1,817.6
338.5
1,848.1
2008
349.6
1,811.0
2007
IV
9,892.7 10,002.3 10,138.0 10,163.5
1,083.0 1,071.0 1,059.3 1,016.2
2,906.2 2,950.7 3,026.2 3,044.6
5,903.5 5,980.6 6,052.5 6,102.7
2,092.3
2,113.4
1,542.1
508.7
1,033.4
571.3
- 21.1
2007
IV
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
Residual......................................
2008
I
II
III
IV
1 11,523.9 11,671.3 11,620.7 11,646.0 11,727.4 11,712.4 11,599.4
2 8,252.8 8,276.2 8,298.2 8,316.1 8,341.3 8,260.6 8,186.9
3
4
5
1,242.4
2,392.6
4,646.2
1,188.3
2,381.9
4,714.8
1,250.6
2,400.2
4,676.1
1,237.0
2,397.9
4,704.3
1,228.3
2,420.7
4,712.1
1,180.1
2,376.3
4,711.3
1,107.7
2,332.8
4,731.6
6 1,809.7 1,702.2 1,781.3 1,754.7 1,702.0 1,703.7 1,648.5
7
1,808.5
10
11
12
304.6
1,078.9
453.8
-2.5
1,721.2
340.5
1,047.2
359.2
- 21.0
1,788.2
319.7
1,090.1
411.6
- 8.1
1,762.4
326.4
1,088.6
383.0
- 10.2
1,754.9
1,431.8
340.5
1,074.7
369.6
-50.6
1,731.1
1,425.7
348.4
1,054.0
353.7
-29.6
1,636.4
1,352.2
346.9
971.5
330.7
13
14
15
16
17
18
19
-546.5
1,425.9
998.7
426.9
1,972.4
1,677.7
296.4
-388.2
1,518.6
1,062.4
455.8
1,906.7
1,609.1
298.4
-484.5
1,482.1
1,037.0
444.7
1,966.5
1,670.2
297.8
-462.0
1,500.6
1,048.6
451.7
1,962.6
1,662.0
301.8
-381.3
1,544.7
1,088.9
455.8
1,926.0
1,631.6
295.5
-353.1
1,556.1
1,098.7
457.4
1,909.1
1,612.2
297.9
-356.4
1,472.8
1,013.3
458.1
1,829.2
1,530.5
298.6
8 1,382.9 1,408.2 1,414.7 1,423.1
9
6.2
20 2,012.1 2,071.0 2,029.4 2,039.1 2,058.9 2,088.1 2,097.7
21
752.9
797.7
761.7
772.6
785.0
810.8
822.3
22
502.1
537.7
550.4
509.9
518.9
528.1
553.3
23
24
25
250.4
1,259.0
-55.1
259.4
1,274.3
-21.7
251.5
1,267.5
-62.1
253.2
1,266.7
-56.3
256.3
1,274.4
-44.3
259.5
1,278.7
-16.4
268.4
1,277.2
30.8
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is
the difference between the first line and the sum of the most detailed lines.
D-4
National Data
Table 1.1.7. Percent Change From Preceding Period in Prices for
Gross Domestic Product
[Percent]
February 2009
Table 1.1.8. Contributions to Percent Change in the
Gross Domestic Product Price Index
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Gross domestic product....
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services.................................
II
Line
III
2007
2008
IV
2007
IV
2008
I
II
III
IV
2.7
2.2
2.8
2.6
1.1
3.9
-0.1
Percent change at annual rate:
Gross domestic product....
1
2.7
2.2
2.8
2.6
1.1
2
3.9
-0.1
2.6
- 1.8
3.0
3.3
3.3
-1.3
5.2
3.2
4.3
- 1.6
8.4
3.5
3.6
- 0.1
6.7
4.3
- 1.6
6.5
4.2
5.0
- 0.6
10.3
3.4
-5.5
-3.9
-17.8
0.7
2
1.4
1.4
1.4
3.8
0.3
1.5
0.5
0.7
1.7
3.6
0.7
-2.3
1.3
-0.5
- 0.2
0.4
2.0
2.3
4.2
7.1
2.0
Percentage points at annual
rates:
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services..................................
3
4
5
1.83
-0.15
0.61
1.36
2.31
- 0.10
1.06
1.35
2.99
- 0.12
2.53
- 0.01
1.35
1.18
2.96
- 0.12
1.33
1.75
3.52
-0.04
-3.99
-0.27
-4.02
0.30
6
0.23
0.07
0.22
0.10
0.15
0.13
0.21
0.19
0.19
0.16
0.03
-0.07
-0.04
0.07
0.05
7
8
6
7
8
9
10
11
1?
Net exports of goods and
services..................................
Exports....................................
Goods..................................
Services..............................
Imports....................................
Goods.................................
Services..............................
2008
I
1
3
4
5
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software
Residential...........................
Change in private inventories...
Seasonally adjusted at annual rates
1.2
1.7
4.5
0.4
0.0
2.8
0.6
2.7
-0.4
- 2.6
0.8
2.3
3.3
1.7
-3.5
1.8
2.6
5.0
7.7
3.4
-3.3
- 8.2
1U
14
15
16
17
18
19
3.5
3.5
3.5
3.7
3.6
3.7
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
23
24
4.5
3.4
3.5
3.1
5.1
Addendum:
Gross national product............
25
2.7
20
21
22
5.5
5.5
5.6
10.5
6.2
6.0
6.6
12.8
11.1
14.5
4.5
7.3
4.7
3.2
3.6
9.1
10.8
10.0
12.3
7.5
28.8
31.2
16.8
6.9
12.8
13.8
7.8
2.6
5.1
2.3
3.1
0.5
5.6
6.8
6.8
6.6
2.8
2.6
6.7
5.6
9.3
9.2
9.8
6.2
6.2
5.6
5.1
7.0
5.1
6.3
2.8
8.1
4.4
2.7
3.1
1.9
5.5
1.1
3.9
-20.7
-23.9
-13.3
-36.7
-40.9
-11.4
-5.9
-3.5
-4.7
-0.7
-7.4
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software...
Residential...........................
Change in private inventories...
10
11
12
0.02
0.01
0.18
0.13
0.05
-0.09
- 0.02
Net exports of goods and
services.................................
Exports...................................
Goods.................................
Services..............................
Imports....................................
Goods.................................
Services..............................
13
14
15
16
17
18
19
-0.21
0.41
0.28
-1.10
0.69
0.47
Government consumption
expenditures and gross
investment.............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
9
20
21
22
23
24
0.08
1.66
1.44
0.00
0.02
0.10
-0.03
- 0.10
-0.04
0.12
0.12
-0.13
-0.06
- 0.12
-0.05
-0.75
-1.02
0.84
0.27
-2.13
-1.92
- 0.21
-3.26
1.36
1.06
0.29
-4.61
-4.16
-0.45
1.20
0.40
0.25
0.15
0.80
1.36
0.37
0.30
0.06
0.99
0.12
0.21
-0.62
-0.52
- 0.10
-1.79
-1.59
- 0.20
0.85
0.24
0.17
0.07
0.61
0.92
0.23
0.17
0.06
0.98
0.16
0.15
0.68
0.82
0.01
1.45
0.28
0.34
0.45
0.27
0.18
0.12
0.25
-1.34
0.75
0.51
0.25
-2.09
-1.97
- 0.12
1.11
2.11
0.88
0.52
0.37
-1.63
-1.46
-0.18
0.89
0.20
0.16
0.04
0.69
Table 1.1.9. Implicit Price Deflators for Gross Domestic Product
Table 1.1.10. Percentage Shares of Gross Domestic Product
[Index numbers, 2000=100]
[Percent]
Seasonally adjusted
2007
Line
Line
2007
2008
2007
IV
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...
I
II
IV
III
IV
2 117.659 121.535 119.215 120.277 121.539 123.036 121.295
86.069
124.558
128.719
86.600
121.085
126.248
86.584
123.053
127.128
86.240
125.014
128.445
86.113
128.123
129.532
85.258
122.000
129.762
6 117.718 117.732 117.462 117.174 117.564 118.032 118.190
7
117.995
118.753
118.188
118.116
118.352
119.035
119.572
8 108.740 110.510 109.010 109.173 109.784 110.909 112.264
9
10
11
12
157.661
94.870
138.885
163.374
95.477
135.781
159.129
94.797
138.780
160.172
94.699
137.878
161.486
95.099
136.665
164.276
95.708
135.512
167.332
96.517
132.650
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............
1tt
14
15
16
17
18
19
116.585
115.062
120.210
120.168
118.326
129.929
122.999
121.393
126.860
132.842
131.569
139.367
118.735
117.035
122.771
124.915
123.392
132.861
121.337
119.864
124.847
128.730
127.441
135.364
124.498
123.403
127.124
137.144
136.403
140.727
126.528
125.083
129.992
140.198
139.623
142.859
119.392
116.816
125.454
125.047
122.414
138.583
20 132.940 139.222 135.159 137.223 139.573 141.092 138.957
21 130.077 134.286 131.057 132.867 134.540 135.435 134.243
22 131.874 136.556 133.217 134.885 136.946 137.983 136.331
23
24
126.636
134.671
25
119.813
129.893
142.204
126.883
137.638
128.984
139.854
129.865
142.619
130.463
144.527
120.737
121.495
121.876
123.037
130.226
141.794
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.........................
0.02
4.89
-3.01
-2.43
-0.58
7.91
7.55
0.36
-1.24
-0.27
-0.25
- 0.02
-0.97
2008
2008
2008
1 119.816 122.357 120.743 121.508 121.890 123.056 122.976
3 87.154
4 118.408
5 124.712
2007
0.27
0.25
0.52
0.30
0.23
-0.27
I
II
III
IV
1
100.0
100.0
100.0
100.0
100.0
100.0
100.0
2
70.3
7.8
20.5
42.0
70.4
7.2
70.5
7.7
20.7
42.1
70.7
7.6
20.9
42.3
70.9
7.4
70.5
7.1
69.6
21.2
21.1
6.6
20.0
42.3
42.3
43.0
14.9
15.1
14.5
14.7
14.0
14.5
14.0
14.3
13.7
13.7
11.0
11.0
11.0
11.0
10.6
3.6
7.4
4.1
3.7
7.3
3.7
4.0
7.0
3.3
-0.3
- 0.1
3
4
5
B
7
8
9
10
11
12
15.4
15.5
10.9
3.5
7.4
4.6
14.0
14.3
10.9
3.9
7.0
3.4
-0.3
- 0.2
- 0.2
3.8
7.2
3.5
-0.5
-5.0
12.5
8.7
3.9
17.5
14.7
2.8
-4.7
13.1
9.0
4.0
17.7
14.8
2.9
2.8
-5.0
12.9
8.9
4.0
17.9
15.0
2.9
-5.0
13.5
9.4
4.1
18.5
15.6
2.9
-4.9
13.7
9.5
4.1
18.6
15.6
3.0
-3.7
12.3
8.3
4.0
16.0
13.1
2.9
19.4
7.1
4.8
2.3
12.3
20.2
7.5
5.1
2.4
12.7
19.5
7.1
4.8
2.3
12.4
19.8
7.3
4.9
2.3
12.5
20.1
7.4
5.1
2.3
12.7
20.4
7.6
5.3
2.3
20.4
7.7
5.3
2.5
12.7
0.0
13
14
15
16
17
18
19
-5.1
20
21
22
23
24
20.8
42.5
12.0
8.3
3.7
17.2
14.4
12.8
4.1
6.6
3.1
February 2009
Survey
D-5
C u r r e n t B u sin ess
of
Table 1.2.2. Contributions to Percent Change in Real
Table 1.2.1. Percent Change From Preceding Period in Real
Gross Domestic Product by Major Type of Product
[Percent]
Gross Domestic Product by Major Type of Product
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
I
IV
Gross domestic product......
Final sales of domestic
product...........................
Change in private
Line
2008
II
III
IV
1
2.0
1.3
-0.2
0.9
2.8
-0.5
-3.8
2
2.4
1.4
0.8
0.9
4.4
-1.3
-5.1
3.1
4.5
1.5
0.0
3.2
0.9
4.9
2.0
1.0
10.1
-4.2
-6.7
-12.4
-16.1
4
5
6
4.2
5.9
1.6
1.2
5.8
7.3
0.7
0.9
-5.9
1.4
6.4
-5.4
-20.3
- 21.8
10
11
1?
2.3
3.4
1.4
-4.4
2.6
0.0
1.1
1.1
14.1
17.4
- 11.6
-7.7
-5.8
- 11.6
Services 2.....................................
13
2.8
2.2
1.3
2.7
1.7
1.5
1.7
Structures....................................
14
-5.0
-4.8
-9.3
-10.1
3.3
-1.0
-9.5
Addenda:
Motor vehicle output...................
Gross domestic product
excluding motor vehicle output
Final sales of computers 3..........
Gross domestic product
excluding final sales of
computers...............................
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers..............................
/
8
2008
2007
IV
u
Goods...........................................
Final sales..............................
Change in private inventories
Durable goods............................
Final sales..............................
Change in private inventories 1
Nondurable goods......................
Final sales..............................
Change in private inventories 1
2007
q
15
- 1.1
-17.7
-25.7
-14.2
-33.8
7.3
-63.4
16
17
2.1
1.8
1.3
21.3
18.9
0.7
23.7
8.2
4.0
28.4
-0.7
-1.7
- 1.8
-0.4
18
1.9
1.2
-0.3
0.8
2.7
-0.5
-3.8
19
1.2
- 0.2
-1.3
0.0
-0.3
-1.4
-3.6
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. Some components of final sales of computers include computer parts.
2008
I
II
III
IV
2.8
-0.5
-3.8
-5.12
Percent change at annual rate:
Gross domestic product......
Percentage points at annual
rates:
Final sales of domestic
product............................
Change in private
inventories......................
1
2.0
1.3
-0.2
0.9
2
2.43
1.45
0.79
0.89
4.32
-1.35
3
-0.40
-0.17
-0.96
- 0.02
-1.50
0.84
1.32
4
5
0.46
0.63
-0.17
0.01
0.97
-0.96
0.78
0.97
-0.19
-0.77
0.29
0.31
1.49
2.98
-1.50
-0.80
- 0.22
-0.77
0.00
-1.29
-2.13
0.84
0.82
-0.74
1.56
- 2.11
-1.39
-0.71
-3.90
-5.22
1.32
-2.90
-3.13
0.23
- 1.00
-2.08
1.09
Goods...........................................
Final sales..............................
Change in private inventories
Durable goods............................
Final sales...............................
Change in private inventories 1
Nondurable goods......................
Final sales...............................
Change in private inventories 1
10
11
12
0.97
1.37
-0.40
0.57
0.80
-0.23
0.40
0.57
-0.17
Services 2.....................................
13
1.61
1.31
0.79
1.62
1.02
0.87
1.03
Structures.....................................
14
-0.55
-0.49
-0.97
-1.03
0.32
-0.09
-0.93
15
-0.03
-0.50
- 0.86
-0.41
- 1.01
0.16
-2.04
16
17
2.06
0.13
1.78
0.69
0.14
1.28
0.05
3.84
0.17
-0.67
- 0.01
-1.76
0.12
18
1.90
1.16
-0.31
0.82
2.66
-0.50
-3.80
Addenda:
Motor vehicle output...................
Gross domestic product excluding
motor vehicle output...............
Final sales of computers 3..........
Gross domestic product excluding
final sales of computers..........
6
7
8
9
0.22
0.17
0.05
0.23
0.45
0.00
- 0.02
0.10
0.12
- 0.02
0.19
0.19
0.20
- 1.00
2.29
2.79
-0.49
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. Some components of final sales of computers include computer parts.
Table 1.2.3. Real Gross Domestic Product by Major Type of Product,
Quantity Indexes
Table 1.2.4. Price Indexes for Gross Domestic Product
by Major Type of Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Seasonally adjusted
Line
2007
2008
2007
IV
Gross domestic product......
Final sales of domestic
product...........................
Change in private
Line
2008
I
II
III
1 117.388 118.889 118.374 118.631 119.460 119.308 118.157
2007
Gross domestic product......
Final sales of domestic
product...........................
Change in private
2008
I
II
III
IV
1 119.819 122.453 120.826 121.613 121.951 123.134 123.113
2 119.853 122.510 120.856 121.653 122.008 123.204 123.176
3
Services 2.....................................
Structures....................................
14 101.904
96.974
15 113.904
93.687 110.163 106.030
99.726
124.165 125.657 124.327 120.277
126.661 129.733 127.497 122.011
127.375 125.460 127.422 120.399
130.779 131.235 129.429 121.709
122.025 126.129 122.284 120.466
123.725 128.779 126.215 122.390
120.128 120.637 121.075 121.589
97.097 97.897 97.653 95.248
4 101.692 101.327 101.528 101.688 100.206 101.245 102.168
5 101.662 101.373 101.485 101.675 100.257 101.327 102.232
Goods...........................................
Final sales...............................
Change in private inventories
Durable goods...........................
Final sales...............................
Change in private inventories 1
Nondurable goods......................
Final sales..............................
Change in private inventories 1
10 112.039 112.734 112.458 112.983 110.919 112.791 114.244
11 112.124 112.844 112.504 113.075 111.074 112.954 114.274
12
Structures.....................................
13 126.792 131.414 128.542 129.814 131.357 132.626 131.857
14 145.862 148.267 147.015 147.227 147.509 148.667 149.665
6
7
8
90.584
90.447
89.149
89.141
89.828
89.712
89.625
89.522
88.743
88.703
88.924
88.935
89.304
89.404
9
Addenda:
95.654
97.343
75.720
16 117.488 119.640 118.620 119.009 120.173 119.967 119.410
17 278.889 331.542 310.796 317.000 337.452 336.042 335.673
18 116.612 117.974 117.510 117.751 118.531 118.382 117.234
15
Gross domestic product
excluding motor vehicle output
Final sales of computers 3..........
Gross domestic product
excluding final sales of
computers...............................
96.738
94.272
96.322
95.413
94.710
94.312
92.652
16 120.718 123.528 121.778 122.625 122.998 124.232 124.257
17 29.500 24.812 27.141 26.310 25.177 24.327 23.433
18 121.184 124.006 122.275 123.102 123.482 124.715 124.723
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard
19 117.129 116.857 117.389 117.388 117.301 116.900 115.840
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. Some components of final sales of computers include computer parts.
2008
IV
3
Addenda:
Motor vehicle output...................
Gross domestic product
excluding motor vehicle output
Final sales of computers 3..........
Gross domestic product
excluding final sales of
computers..............................
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers..............................
2007
IV
2 118.062 119.768 119.133 119.397 120.679 120.273 118.724
4 121.819 123.606 123.877
5 123.980 126.475 126.345
fi
7 123.215 125.164 127.148
8 126.764 128.288 130.498
q
10 121.079 122.726 121.691
11 122.064 125.277 123.382
1?
13 118.248 120.857 119.317
Goods...........................................
Final sales.............................
Change in private inventories
Durable goods...........................
Final sales..............................
Change in private inventories 1
Nondurable goods......................
Final sales..............................
Change in private inventories 1
0.00
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. Some components of final sales of computers include computer parts.
D-6
National Data
February 2009
Table 1.2.5. Gross Domestic Product
by Major Type of Product
Table 1.2.6. Real Gross Domestic Product
by Major Type of Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
Seasonally adjusted at annual rates
2008
I
IV
II
Line
1 13,807.5 14,280.7 14,031.2 14,150.8 14,294.5 14,412.8 14,264.6
Gross domestic product......
Final sales of domestic
product...........................
Change in private
inventories......................
2 13,811.2 14,320.6 14,052.3 14,176.4 14,370.5 14,462.5 14,272.9
3
-3.6
-39.9
- 21.1
-25.6
-76.0
-49.7
-8.3
4
5
4,309.6
4,349.5
-39.9
1,885.2
1,890.8
-5.7
2,424.5
2,458.7
-34.2
4,329.4
4,350.5
- 21.1
1,929.7
1,935.8
- 6.1
2,399.7
2,414.6
-14.9
4,343.9
4,369.5
-25.6
1,928.7
1,935.9
-7.2
2,415.2
2,433.6
-18.4
4,337.1
4,413.1
-76.0
1,881.0
1,924.9
-43.9
2,456.1
2,488.2
-32.1
4,333.6
4,383.3
-49.7
1,914.2
1,903.4
10.9
2,419.4
2,480.0
-60.5
4,223.8
4,232.2
-6.3
1,816.7
1,799.3
17.5
2,407.1
2,432.9
-25.8
10
11
12
Services 2.....................................
13
8,134.5
8,616.6
8,320.7
8,460.2
8,597.0
8,711.5
8,697.8
Goods..........................................
Final sales..............................
Change in private inventories
Durable goods...........................
Final sales..............................
Change in private inventories 1
Nondurable goods.....................
Final sales..............................
Change in private inventories 1
Structures.....................................
14
1,400.3
1,354.4
1,381.2
1,346.7
1,360.4
1,367.7
1,342.9
Services 2....................................
256.0
Structures....................................
Residual........................................
8
9
Addenda:
Motor vehicle output...................
Gross domestic product
excluding motor vehicle output
Final sales of computers 3..........
Gross domestic product
excluding final sales of
computers...............................
15
402.2
322.1
387.1
368.5
330.4
333.5
16 13,405.3 13,958.6 13,644.1 13,782.3 13,964.1 14,079.3 14,008.6
17
90.4
92.3
94.0
90.4
87.0
90.9
93.3
18 13,717.1 14,189.7 13,937.9 14,058.6 14,200.5 14,322.4 14,177.5
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Indus
trial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
2007
2008
Addenda:
Motor vehicle output..................
Gross domestic product
excluding motor vehicle output
Final sales of computers 3
Gross domestic product
excluding final sales of
computers.............................
I
III
II
2 11,523.4 11,690.0 11,628.0 11,653.7 11,778.8 11,739.2 11,588.0
3
4
-2.5
3.0
- 21.0
2.3
- 8.1
- 10.2
2.5
-50.6
- 0.8
-29.6
0.8
2.8
5.2
5
4,263.6
4,291.1
- 21.0
2,114.5
2 ,121.0
-4.4
2,159.9
2,179.2
-15.7
4,272.9
4,286.7
- 8.1
2,148.0
2,157.5
-5.2
2,141.7
2,146.3
-3.2
4,282.9
4,297.4
- 10.2
2,151.8
2,162.2
- 6.1
2,147.6
2,152.2
-4.3
4,334.3
4,401.6
-50.6
2,119.5
2,169.7
-36.1
2,219.8
2,240.2
-16.9
4,288.5
4,325.8
-29.6
2,152.6
2,139.9
9.3
2,152.2
2,195.6
-34.3
4,148.8
4,139.6
13
4,201.9
4,206.5
-2.5
2,081.6
2,095.8
-8.7
2,131.0
2,123.3
5.3
14
6,415.6
6,557.2
6,473.6
6,517.6
6,545.3
6,569.0
6,596.9
15
16
960.0
-67.4
913.5
-79.5
939.5
-87.8
914.7
-90.3
922.2
-97.0
919.9
-87.0
897.3
-44.2
17
415.7
341.9
402.1
387.0
349.1
355.3
276.4
6
7
8
9
10
11
12
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Indus
trial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights
of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line following
change in private inventories is the difference between gross domestic product and the sum of final sales of domestic product
and of change in private inventories; the residual line following structures is the difference between gross domestic product
and the sum of the detailed lines of goods, of services, and of structures.
[Percent]
[Index numbers, 2000=100]
Seasonally adjusted at annual rates
2008
2007
IV
Gross domestic product. ..
1
Business 1..................................
Nonfarm 2................................
Farm.......................................
2
Households and institutions....
Households.............................
Nonprofit institutions serving
households 3 .......................
5
General government4...............
Federal....................................
State and local.........................
Addendum:
Gross housing value added.....
11
2.0
2.0
I
1.3
-0.2
1.0
-0.6
-0.7
Seasonally adjusted
Line
2008
II
0.9
0.7
0.9
-15.5
2.8
-0.5
2.6
-10.7
-1.8
-1.9
7.1
-3.8
-5.2
-5.5
24.2
0.8
- 1.2
4.5
5.0
4.5
5.5
-0.5
-1.3
1.0
- 2.0
2.3
8.2
6
9.7
2.7
3.0
1.8
0.6
7
2.2
2.9
1.8
3.5
3.7
3.3
0.4
8
2.4
4.3
1.6
1.6
1.4
1.7
2.2
3.7
10
2.1
3.7
1.5
1.6
1.6
3.0
6.9
1.4
2.3
9
1.3
0.7
3.7
2.1
1.0
- 1.0
5.4
5.5
1.1
2.8
2007
Gross domestic product....
Business 1.................................
Nonfarm 2 ...............................
Farm.......................................
Households and institutions....
Households..............................
Nonprofit institutions serving
households 3........................
2008
I
II
III
1 117.388
IV
118.889 118.374 118.631 119.460 119.308
2 119.063 120.246 120.127 120.328 121.115 120.573
3 118.951 120.185 119.992 120.265 121.106 120.532
4 127.943 125.424 130.659 125.276 121.771 123.878
5 115.821 118.473 116.647 116.894 118.174 119.490
6 118.550 120.646 119.201 118.834 120.301 121.920
118.157
118.970
118.837
130.771
119.332
121.530
7 112.654
116.806
115.974
113.691
114.675
115.732
116.684
8 108.403 110.731 109.058 109.661 110.322 111.147 111.792
0.4
General government4...............
Federal....................................
State and local.........................
10 108.732 110.315 109.346 109.773 110.210 110.581 110.694
- 1.0
Addendum:
Gross housing value added.....
11 115.030 117.501 115.914 115.635 117.179 118.749 118.440
6.8
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
2008
IV
2.0
3
4
2007
IV
III
6.2
2,034.0
2 ,012.2
15.4
2 ,120.2
2,129.0
-7.2
20 11,319.6 11,451.8 11,406.7 11,430.1 11,505.8 11,491.4 11,379.9
Table 1.3.3. Real Gross Value Added by Sector,
Quantity Indexes
2007
6.2
18 11,105.0 11,308.4 11,212.0 11,248.7 11,358.8 11,339.3 11,286.6
19
341.7
369.4
306.6
364.5
348.5
371.0
369.0
Table 1.3.1. Percent Change From Preceding Period
in Real Gross Value Added by Sector
Line
IV
1 11,523.9 11,671.3 11,620.7 11,646.0 11,727.4 11,712.4 11,599.4
Gross domestic product
Final sales of domestic
product...........................
Change in private
inventories.....................
Residual.............................
4,272.7
4,276.4
-3.6
1,885.4
1,895.6
- 10.2
2,387.3
2,380.8
6.5
7
2008
IV
Goods...........................................
Final sales..............................
Change in private inventories
Durable goods............................
Final sales..............................
Change in private inventories 1
Nondurable goods......................
Final sales..............................
Change in private inventories 1
6
2007
IV
III
9 107.655 111.670
108.402
109.403 110.570
112.424 114.283
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
February 2009
Su r v e y
D-7
C u r r e n t B u sin ess
of
Table 1.3.4. Price Indexes for Gross Value Added by Sector
Table 1.3.5. Gross Value Added by Sector
[Index numbers, 2000=100]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted
Line
2007
2008
2007
IV
Gross domestic product....
Business 1..................................
Nonfarm 2................................
Farm........................................
Households and institutions....
Households.............................
Nonprofit institutions serving
households 3 .......................
General government4...............
Federal...................................
State and local.........................
Addendum:
Gross housing value added.....
Line
2008
I
II
III
2007
2008
2008
IV
IV
1 119.819 122.453 120.826 121.613 121.951 123.134 123.113
2 116.631 118.763 117.437 118.051 118.251 119.505 119.245
Business 1.................................
Nonfarm 2 ...............................
Farm.......................................
3 116.321 118.470 117.008 117.637 117.860 119.226 119.159
4 149.982 150.164 162.934 162.072 159.800 149.255 129.527
5 126.083 130.414 127.999 129.363 129.987 130.735 131.571
6 120.862 125.132 122.770 124.126 124.831 125.332 126.240
I
II
III
IV
1 13,807.5 14,280.7 14,031.2 14,150.8 14,294.5 14,412.8 14,264.6
2 10,642.3 10,933.9 10,802.5 10,874.7 10,969.5 11,034.3 10,857.1
Gross domestic product....
3 10,505.1 10,807.8 10,659.1 10,739.2 10,838.2 10,910.2 10,743.7
124.1
113.4
4
143.4
135.5
131.3
137.3
126.1
1,582.0
882.1
1,673.8
929.4
1,617.4
900.9
1,638.1
908.1
1,664.0
924.5
1,692.2
940.7
716.5
730.0
739.5
751.5
1,700.8
944.5
Households and institutions....
Households..............................
Nonprofit institutions serving
households 3........................
5
General government4...............
Federal....................................
State and local.........................
8 1,583.2 1,673.0 1,611.3 1,638.0 1,661.0 1,686.3 1,706.7
9 142.629 146.508 143.022 145.621 146.562 146.879 146.968
10 134.010 139.063 136.102 137.167 138.343 139.758 140.985
11 121.146 125.524 123.054 124.357 125.104 125.781 126.853
Addendum:
Gross housing value added.....
7 132.840 137.237 134.758 136.128 136.640 137.722 138.459
8 136.547 141.253 138.142 139.658 140.764 141.853 142.738
6
7
699.9
744.3
10
516.0
1,157.0
488.9
1,122.4
502.4
1,135.6
511.1
1,149.9
520.7
1,165.6
529.7
1,177.0
11
1,106.9
1,171.5
1,132.9
1,142.1
1,164.3
1,186.3
1,193.3
Table 1.3.6. Real Gross Value Added by Sector, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2007
2008
IV
Gross domestic product...........................................
Business 1..........................................................................
Nonfarm 2........................................................................
Farm................................................................................
1
2
3
4
III
IV
11,646.0
11,727.4
11,712.4
11,599.4
9,128.2
9,034.5
91.5
9,218.9
9,128.2
89.7
9,209.7
9,113.6
93.5
9,225.2
9,134.3
89.6
9,285.5
9,198.2
87.1
9,243.9
9,154.6
88.6
9,121.0
9,025.8
93.5
1,251.7
729.9
523.9
1,280.3
742.8
539.4
1,260.6
733.9
528.7
1,263.3
731.6
533.3
1,277.1
740.6
538.2
1,291.3
750.6
542.7
1,289.6
748.2
543.2
1,184.4
352.2
832.0
-13.0
1,166.5
341.9
824.7
-15.6
1,172.9
345.0
827.9
-15.7
1,180.0
348.7
831.2
-16.6
1,188.8
354.5
834.0
- 12.6
1,195.7
360.4
834.9
- 6.6
933.3
920.7
918.5
930.7
943.2
940.8
10
11
1,159.5
339.5
820.1
-15.5
Addendum:
Gross housing value added.............................................
12
913.7
9
II
11,620.7
General government4.......................................................
Federal............................................................................
State and local.................................................................
Residual...............................................................................
8
I
11,671.3
7
6
2008
11,523.9
Households and institutions............................................
Households.....................................................................
Nonprofit institutions serving households 3......................
5
1. Equals gross domestic product excluding gross value added of households
and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value
added.
3. Equals compensation of employees of nonprofit institutions, the rental
value of nonresidential fixed assets owned and used by nonprofit institutions
serving households, and rental income of persons for tenant-occupied housing
owned by nonprofit institutions.
4.
Equals compensation of general government employees plus general
government consumption of fixed capital.
N o t e . Chained (2000) dollar series are calculated as the product of the chaintype quantity index and the 2000 current-dollar value of the corresponding
series, divided by 100. Because the formula for the chain-type quantity indexes
uses weights of more than one period, the corresponding chained-dollar esti
mates are usually not additive. The residual line is the difference between the
first line and the sum of the most detailed lines.
Table 1.4.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Percent]
Seasonally adjusted at annual rates
Line
756.3
484.2
1,099.0
9
1. Equals gross domestic product excluding gross value added of households and institutions and of general govern
ment.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
1. Equals gross domestic product excluding gross value added of households and institutions and of general govern
ment.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
2007
2007
2008
2007
IV
Gross domestic product...................................................
Less: Exports of goods and services...................................
Plus: Imports of goods and services....................................
1
2
2.0
3
Equals: Gross domestic purchases.................................
Less: Change in private inventories.....................................
Equals: Final sales to domestic purchasers....................
Addendum:
Final sales of domestic product.......................................
2008
I
II
III
2.2
- 0.2
4.4
-2.3
- 0.8
12.3
-7.3
-0.5
3.0
-3.5
4
5
1.4
- 0.1
- 1.0
0.1
- 0.1
-1.5
-3.7
6
1.8
0.0
- 0.1
0.1
1.3
-2.3
-4.9
7
2.4
1.4
0.8
0.9
4.4
-1.3
-5.1
8.4
0.9
5.1
2.8
IV
1.3
6.5
-3.3
-3.8
-19.7
-15.7
D-8
National Data
February 2009
Table 1.4.3. Real Gross Domestic Product, Real Gross Domestic
Purchases, and Real Final Sales to Domestic Purchasers, Quantity Indexes
Table 1.4.4. Price Indexes for Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
Seasonally adjusted
2008
IV
I
II
Line
III
1 117.388 118.889 118.374 118.631 119.460 119.308 118.157
Gross domestic product...........
Less: Exports of goods and
services..................................
Plus: Imports of goods and
services..................................
2 130.068 138.520 135.189 136.880 140.908 141.943 134.347
3 133.654
Equals: Gross domestic
purchases..............................
Less: Change in private
129.205
133.254
132.991
130.509
129.367
2007
2008
IV
123.951
2007
2008
IV
Gross domestic product...........
Less: Exports of goods and
services...................................
Plus: Imports of goods and
services..................................
I
III
II
IV
1 119.819 122.453 120.826 121.613 121.951 123.134 123.113
2 116.586 123.001 118.794 121.397 124.560 126.592 119.452
3 120.168
132.771
124.907
128.722
137.136
140.189
125.039
4 120.294
124.097
121.766
122.821
124.103 125.475
123.991
5
Equals: Gross domestic
purchases..............................
Less: Change in private
inventories..............................
Equals: Final sales to domestic
purchasers.............................
6 118.995 119.041 119.427 119.461 119.853 119.173 117.676
Equals: Final sales to domestic
purchasers..............................
6 120.329 124.155 121.798 122.863 124.160 125.543 124.054
Addendum:
Final sales of domestic product
7 118.062
Addendum:
Final sales of domestic product
7
4 118.343
118.203 118.700
119.768
119.133
118.726
119.397
118.694 118.255
120.679
120.273
117.136
118.724
5
119.853
122.510
120.856
121.653
122.008
123.204
123.176
Table 1.4.5. Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.4.6. Relation of Real Gross Domestic Product, Real Gross Domestic
Purchases, and Real Final Sales to Domestic Purchasers, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Gross domestic product...........
Less: Exports of goods and
services...................................
Plus: Imports of goods and
services...................................
Seasonally adjusted at annual rates
Line
2008
I
II
III
3
1,662.4
2,370.2
1,867.8
2,533.0
1,759.7
2,456.5
1,820.8
1,923.2
2,526.5
2,641.4
1,968.9
2,676.6
2008
1,758.4
2,287.4
2007
IV
IV
1 13,807.5 14,280.7 14,031.2 14,150.8 14,294.5 14,412.8 14,264.6
2
2007
Gross domestic product...........
Less: Exports of goods and
services...................................
Plus: Imports of goods and
services...................................
2008
I
II
III
IV
1 11,523.9 11,671.3 11,620.7 11,646.0 11,727.4 11,712.4 11,599.4
2
1,425.9
1,518.6
1,482.1
3
1,972.4
1,906.7
1,966.5
1,500.6
1,962.6
1,544.7
1,556.1
1,472.8
1,926.0
1,909.1
1,829.2
-8.3
Equals: Gross domestic
purchases..............................
Less: Change in private
inventories..............................
Equals: Final sales to domestic
purchasers.............................
6 14,519.0 14,985.7 14,749.0 14,882.2 15,088.7 15,170.2 14,801.9
Equals: Final sales to domestic
purchasers..............................
6 12,066.0 12,070.7 12,109.8 12,113.3 12,153.0 12,084.1 11,932.3
Addendum:
Final sales of domestic product
7 13,811.2 14,320.6 14,052.3 14,176.4 14,370.5 14,462.5 14,272.9
Addendum:
Final sales of domestic product
7 11,523.4 11,690.0 11,628.0 11,653.7 11,778.8 11,739.2 11,588.0
Equals: Gross domestic
purchases...............................
Less: Change in private
inventories...............................
4 14,515.3 14,945.8 14,728.0 14,856.6 15,012.7 15,120.5 14,793.5
5
-3.6
-39.9
- 21.1
-25.6
-76.0
-49.7
4 12,066.8 12,052.5 12,103.2 12,105.8 12,102.6 12,057.8 11,943.7
5
-2.5
- 21.0
- 8.1
- 10.2
-50.6
-29.6
6.2
N o t e . Chained (2 0 0 0 ) dollar series are calculated as the product of the chain-type quantity index and the 20 0 0 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights
of more than one period, the corresponding chained-dollar estimates are usually not additive.
February 2009
Su r v e y
of
D-9
C u r r e n t B u sin ess
Table 1.5.1. Percent Change From Preceding Period in Real
Gross Domestic Product, Expanded Detail
[Percent]
Table 1.5.2. Contributions to Percent Change in Real
Gross Domestic Product, Expanded Detail
Seasonally adjusted at annual rates
Line
2007
2008
2007
1
IV
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...........
Software 1 ...............
Other.......................
Industrial equipment....
Transportation
equipment...............
Other equipment.........
Residential...........................
Change in private inventories...
Farm....................................
Nonfarm...............................
II
Line
III
2.0
1.3
-0.2
0.9
2.8
-0.5
-3.8
2
2.8
4.8
1.0
0.4
0.9
-4.3
-10.7
1.2
- 2.8
-19.7
-3.8
-14.8
-26.6
-3.5
-22.4
-38.3
1.8
14.0
2.4
3.9
4.1
10.9
- 8.2
-4.6
-7.1
-7.3
-13.3
-9.2
-16.8
-7.1
-13.8
-9.7
2.0
0.3
-4.4
-13.3
5
8.0
3.4
6
4.8
2.5
1.9
4.7
- 0.8
-0.4
3
4
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
0.8
3.2
2.6
1.5
0.0
2.8
-3.2
-3.6
0.3
1.5
0.9
-1.7
-1.5
1.4
2.5
0.5
3.9
1.8
0.0
-1.5
1.8
1.2
- 0.6
-5.4
-3.1
4.9
12.7
1.7
3.9
-3.6
0.3
0.4
1.9
1.9
2.9
4.5
3.2
- 0.8
3.5
-0.7
1.4
1.2
- 0.8
4.0
-0.4
- 0.8
1.8
11.8
-11.9
- 6.2
3.4
8.5
-2.9
1.0
-5.9
-4.8
-2.3
-0.4
1.3
3.0
- 6.0
- 1.8
2.4
0.5
1.8
-11.5
-1.7
2.5
18.5
-5.0
-22.4
-4.4
5.3
- 8.8
-30.6
-8.5
-24.8
-16.5
-14.0
-12.5
-25.1
-46.6
-3.2
-13.3
-44.7
18.0
-16.0
-75.7
-23.8
-23.6
19.3
9.9
7.3
-14.3
31
32
33
34
35
3fi
- 12.6
-5.2
-17.9
-29.2
-1.5
- 20.8
-15.2
6.3
-27.0
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.................
44
45
46
47
48
49
50
51
52
53
54
2.1
2.9
1.6
6.0
2.5
7.1
2.6
1.6
- 0.2
- 0.2
0.2
13.6
3.6
2.3
1.2
6.2
2.8
5.1
4.5
6.4
- 0.8
- 2.0
5.5
0.8
-0.5
-0.9
-1.4
3.0
0.4
- 0.8
2.0
1.3
8.1
1.6
1.6
3.7
0.8
1.5
8.4
-12.3
- 20.1
-19.1
- 1.8
-27.8
13.0
7.2
5.1
3.8
-4.3
1.7
4.4
0.4
-5.3
-1.7
9.7
-7.5
13.0
-3.6
5.4
1.4
6.8
0.2
0.3
1.5
0.2
0.8
17.9
-3.3
^ t .1
0.7
1.3
-0.3
2.2
- 6.8
2.2
16.1
9.9
27
28
29
30
2.2
-2.3
2.5
-1.5
2.8
12.7
28.9
-18.9
7.2
4.4
5.1
2.7
-2.3
- 2.6
-0.9
2.1
-3.0
0.2
-4.2
10.5
6.5
6.4
1.0
25.8
-7.6
1.7
8.0
5.1
8.4
7.5
10.5
- 0.1
0.7
- 8.2
-20.7
-5.8
-5.6
2.4
9.6
37
38
39
40
41
42
43
0.2
0.7
1.7
-4.3
- 11.0
8.6
- 0.6
-13.4
6.2
7.4
- 2.1
1.7
4.9
-4.7
4.1
26
10.0
-6.4
1.9
5.8
7.3
7.4
2.1
12.3
16.3
3.8
-7.3
-7.1
- 8.0
3.0
3.7
1.4
-3.5
-4.7
3.3
3.9
5.8
13.8
18.0
17.3
22.7
5.1
5.6
1.5
1.3
6.6
2.9
2.9
7.3
3.4
38.7
5.0
4.0
2.8
11.8
-0.3
1.4
- 6.8
2.5
6.0
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2007
2008
-19.7
-27.7
0.6
-15.7
-18.8
0.9
1.9
5.8
2.1
2.3
0.9
14.5
9.0
56.8
-0.5
1.2
1.1
0.1
7.8
2.3
- 2.8
2007
IV
IV
1
Net exports of goods and
services.................................
Exports...................................
Goods.................................
Services..............................
Imports....................................
Goods.................................
Services.............................
Seasonally adjusted at annual rates
2008
Percent change at annual rate:
Gross domestic product....
2008
I
II
III
IV
1
2.0
1.3
-0.2
0.9
2.8
-0.5
-3.8
2
1.95
0.38
0.07
0.20
-0.33
-0.42
0.67
0.03
-0.03
0.61
-0.33
-0.35
0.87
- 0.21
-0.64
-2.75
-1.16
-0.83
-2.47
-1.71
-1.15
0.24
0.08
0.50
0.18
0.13
0.10
0.11
- 0.01
- 0.10
- 0.01
-0.06
0.05
0.27
-0.09
0.05
-0.04
-0.08
0.13
0.08
0.39
0.04
0.80
0.40
0.28
-0.25
-0.08
-1.57
-0.75
-0.38
-0.27
-0.29
-1.49
-1.44
-0.26
0.02
- 0.12
0.02
- 0.20
0.33
0.28
0.18
-0.17
-0.19
-0.45
0.17
1.07
0.16
0.07
0.03
0.04
0.05
0.35
0.13
0.31
0.63
-0.43
0.74
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 1................
Other........................
Industrial equipment....
Transportation
equipment................
Other equipment..........
Residential...........................
Change in private inventories...
Farm....................................
Nonfarm...............................
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
0.01
-0.05
-0.08
0.59
-0.18
- 0.10
0.62
0.10
0.00
0.12
0.09
0.05
0.07
0.01
0.11
0.08
- 0.02
0.48
- 0.01
-0.08
-0.05
0.04
0.59
-0.14
0.40
-0.08
0.35
0.04
-0.03
-0.89
- 0.86
0.26
0.30
-0.04
-0.03
0.03
- 0.02
0.42
- 0.02
0.14
-0.90
-0.50
0.52
0.40
0.13
-0.91
-0.74
23
24
25
0.41
- 0.21
-1.93
-0.97
0.36
0.29
0.07
26
0.34
0.19
0.37
27
28
29
30
0.11
0.15
0.08
0.05
0.08
0.05
-0.06
31
32
33
34
35
36
-0.17
-0.07
- 1.02
-0.40
0.04
-0.44
-0.33
- 0.02
-0.93
-0.17
Net exports of goods and
services.................................
Exports...................................
Goods.................................
Services...............................
Imports....................................
Goods.................................
Services...............................
37
38
39
40
41
42
43
0.58
0.95
0.59
0.36
-0.37
-0.25
- 0.12
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.................
44
45
46
47
48
49
50
51
52
53
64
0.02
0.40
0.11
0.12
0.11
0.01
0.00
0.00
0.00
0.28
0.20
1.02
0.02
0.01
-0.03
0.08
-0.33
-0.38
0.05
-0.06
0.31
-0.04
0.02
0.47
0.42
0.05
-0.18
0.27
0.01
0.02
0.15
-1.74
-0.25
0.27
0.64
-0.37
0.06
-0.79
-0.19
0.36
-0.55
-1.80
-3.12
-2.26
-0.07
-2.19
0.27
0.30
-0.16
-0.76
0.12
0.10
0.16
0.16
0.10
- 0.20
0.00
0.01
0.08
0.04
0.18
-0.05
-0.16
-0.08
0.08
- 0.12
- 0.21
-0.15
-0.40
- 0.22
-0.18
0.08
-1.33
-0.96
0.47
-1.43
-0.16
-0.16
- 1.12
- 0.02
-0.17
0.15
-0.58
-0.04
-0.52
-1.50
-0.14
-1.36
-0.47
-0.60
0.84
0.83
- 0.88
-0.33
-0.85
1.32
- 0.01
1.33
1.41
0.79
0.54
0.25
0.62
0.64
0.94
0.53
0.43
- 0.02
0.02
0.77
0.63
0.39
0.24
0.14
0.29
-0.15
2.93
1.54
1.39
0.15
1.39
1.14
0.25
1.05
0.40
0.34
0.06
0.65
0.74
-0.09
0.09
-2.84
-2.87
0.03
2.93
2.95
-0.03
0.58
0.43
0.34
0.26
0.08
0.08
0.06
0.16
-0.04
-0.04
-0.06
0.38
0.41
0.34
0.31
0.04
0.06
0.06
0.78
0.47
0.36
0.15
1.14
0.97
0.85
0.72
0.14
0.38
0.44
0.12
0.11
0.00
0.33
0.18
0.15
-0.06
0.02
-0.19
0.02
0.20
0.15
0.13
0.09
0.02
0.10
0.40
0.38
0.02
0.01
- 0.02
0.02
0.19
0.15
0.04
0.01
-0.03
0.14
-0.18
1. Excludes software “embedded," or bundled, in computers and other equipment.
0.21
0.11
0.08
0.03
0.31
0.20
0.01
0.17
0.11
0.11
0.01
0.12
0.11
0.01
0.19
0.06
-0.07
February 2009
National Data
D-10
Table 1.5.3. Real Gross Domestic Product, Expanded Detail, Quantity Indexes
Table 1.5.4. Price Indexes for Gross Domestic Product, Expanded Detail
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Seasonally adjusted
Line
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...........
Software 1 ...............
Other.......................
Industrial equipment....
Transportation
equipment...............
Other equipment.........
Residential...........................
Change in private inventories...
2007
1 117.388
2008
118.889
2007
Line
2008
IV
I
II
III
IV
118.374
118.631
119.460
119.308
118.157
2 122.456 122.804 123.130 123.395 123.770 122.572 121.478
3
4
143.908
115.582
137.639
100.154
144.856
114.513
143.284
111.313
142.273
105.357
136.695
97.517
128.302
86.428
189.830 196.270 193.857 194.714 201.210 196.934 192.223
6 139.314 138.219 140.796 139.967 140.804 139.174 132.929
5
7
8
9
122.872
120.038
138.677
122.325
119.981
139.186
123.261
120.924
138.806
123.147
121.315
139.821
124.317
122.534
143.488
122.035
120.232
138.462
119.802
115.841
134.971
10 103.438 99.737 102.901 101.329 99.664 96.137 101.817
11 128.976 129.360 129.094 128.514 130.448 130.525 127.955
12 118.259 120.006 119.020 119.739 119.937 119.916 120.433
13
14
15
16
17
18
19
20
116.420
107.959
105.447
109.760
102.731
129.317
124.880
115.218
117.470 116.839
107.953 108.696
103.822 105.540
111.053 110.980
102.078 102.969
133.816 130.943
123.957 125.365
116.877 115.638
116.978
109.183
107.453
110.404
103.408
132.522
123.860
116.814
117.469
108.001
104.375
110.677
102.628
133.451
124.263
116.714
117.687
105.716
98.502
111.261
102.026
134.285
123.801
116.768
21 104.278 98.085 102.639 101.110 98.071 98.169
22 107.717 102.515 106.503 104.969 104.522 103.102
23
24
25
112.244
97.264
117.412
114.295
108.734
113.965
114.819
102.076
118.636
115.504
104.206
118.470
26
139.842
146.919
144.914
147.465
117.744
108.912
104.959
111.870
100.250
135.005
123.901
117.212
116.212
108.716
116.961
115.714
111.257
114.709
94.989
97.466
109.751
110.756
105.721
150.324
148.727
141.160
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............
Software 1................
Other.......................
Industrial equipment....
Transportation
equipment................
Other equipment..........
Residential...........................
Change in private inventories...
247.179 245.331 254.682 262.580 246.464 224.990
141.445 139.131 142.463 143.201 141.617 138.500
119.116 117.627 117.698 121.342 122.931 114.494
96.179
95.494
93.591
96.369
93.311
89.191
31
32
33
14
86.683
113.095
101.534
61.380
111.442
80.385
81.981
115.475
92.110
78.949
111.679
85.698
67.497
110.767
82.692
58.204
115.457
79.154
40.871
107.866
73.997
M
38
39
40
41
42
43
130.068
127.335
136.868
133.654
134.921
127.581
138.520
135.446
146.108
129.205
129.401
128.480
135.189
132.219
142.570
133.254
134.315
128.185
136.880
133.690
144.792
132.991
133.654
129.913
140.908
138.826
146.131
130.509
131.212
127.217
141.943
140.079
146.640
129.367
129.653
128.249
134.347
129.189
146.870
123.951
123.086
128.541
Exports....................................
Goods.................................
Services...............................
Imports....................................
Goods.................................
Services...............................
44
45
46
47
48
49
50
51
52
53
54
116.871 120.293 117.879 118.443
130.078 137.819 131.610 133.488
135.596 145.204 137.694 140.125
132.457 140.646 134.343 136.773
159.765 181.467 163.647 166.030
120.127 124.412 120.614 121.469
119.048 122.440 119.214 120.061
128.357 139.192 131.166 132.081
110.167 111.503 110.914 110.844
109.828 111.282 110.478 110.874
111.471 112.338 112.612 110.632
119.594 121.288 121.847
135.628 140.080 142.080
142.621 148.643 149.426
137.921 143.533 144.355
180.174 189.622 190.044
122.949 124.473 128.755
121.235 122.897 125.569
135.821 136.325 152.543
111.517 111.891 111.760
111.201 111.509 111.544
112.741 113.391 112.588
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.................
36
2007
2008
I
II
III
IV
1 119.819 122.453 120.826 121.613 121.951 123.134 123.113
2 117.659 121.542 119.221 120.283 121.544 123.041 121.300
86.598
86.581
86.237
86.110 85.256
3 87.154
86.046
4
98.589
97.982
69.924
99.421
118.407
8 119.682
9
90.595
66.993
102.231
124.554
126.134
90.067
5
6
7
98.919
98.698
98.382
98.345
96.503
68.445
68.115
99.608 100.809
121.092 123.059
121.553 123.007
90.311
90.203
67.161
102.109
125.021
124.943
89.520
66.716
102.720
128.129
127.519
90.817
65.979
103.283
122.007
129.065
89.729
10 185.237 216.976 205.630 218.289 231.457 251.777 166.379
11 111.013 113.258 111.638 112.598 113.027 113.325 114.084
12 124.712 128.722 126.253 127.133 128.450 129.538 129.767
13
14
15
16
17
18
19
20
124.679
124.813
144.797
113.275
119.318
126.601
120.418
125.365
128.015
131.673
157.122
117.073
125.448
129.536
124.158
129.839
126.086
126.005
146.182
114.354
121.004
128.078
121.833
127.259
126.994
127.183
148.139
115.093
122.455
128.364
122.851
128.529
127.623
131.604
157.995
116.476
124.768
129.127
123.699
129.950
128.405
134.783
164.322
117.958
126.808
130.037
125.200
130.416
129.039
133.122
158.034
118.765
127.762
130.617
124.881
130.462
21 117.735 118.335 117.960 117.815 117.926 118.510 119.090
22 117.995 118.770 118.189 118.117 118.353 119.037 119.573
23
24
25
108.739
157.662
94.870
110.537
163.326
95.507
109.015
159.138
94.798
109.177
160.182
94.700
109.788
161.496
95.101
110.913
164.285
95.710
112.268
167.341
96.519
26
79.170
78.208
78.586
78.245
78.370
78.293
77.923
2/
40.062
95.888
90.278
115.968
35.951
96.809
90.929
121.152
38.391
96.147
90.047
117.484
37.024
96.339
90.345
118.620
36.297
96.976
90.863
120.525
35.608
97.196
91.160
122.615
34.874
96.723
91.346
122.850
112.762
113.222
138.884
113.179
116.790
135.699
112.519
113.933
138.803
111.871
114.175
137.900
111.849
114.579
136.687
112.692
116.616
135.535
116.304
121.789
132.672
M
38 ’116.586
39 115.062
40 120.211
41 120.168
42 118.326
43 129.928
123.001
121.344
126.941
132.771
131.456
139.396
118.794
117.085
122.855
124.907
123.378
132.874
121.397
119.916
124.932
128.722
127.427
135.377
124.560
123.456
127.211
137.136
136.387
140.740
126.592
125.137
130.082
140.189
139.607
142.873
119.452
116.866
125.540
125.039
122.401
138.595
28
29
30
31
32
33
34
ss
36
Net exports of goods and
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2008
IV
27 230.472
28 134.548
29 114.710
30
97.805
Net exports of goods and
Exports....................................
Goods..................................
Services..............................
Imports....................................
Goods..................................
Services..............................
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Consumption expenditures
Gross investment.............
Nondefense.........................
Consumption expenditures
Gross investment.............
State and local.........................
Consumption expenditures
Gross investment.................
2007
44
45
46
47
48
49
50
51
52
53
54
132.941 139.227 135.174 137.237
130.076 134.283 131.070 132.879
131.874 136.557 133.237 134.905
136.220 141.339 137.704 139.603
105.255 107.443 105.920 106.296
126.636 129.887 126.886 128.986
130.378 134.121 130.637 133.128
104.556 105.156 104.753 104.758
134.671 142.211 137.649 139.866
134.517 142.412 137.612 140.173
135.383 141.486 137.896 138.722
1. Excludes software “embedded,” or bundled, in computers and other equipment.
139.588 141.107 138.973
134.553 135.447 134.255
136.967 138.004 136.352
141.872 142.967 140.914
107.217 107.925 108.337
129.868 130.465 130.229
134.139 134.776 134.439
104.948 105.326 105.592
142.632 144.540 141.807
143.333 145.179 140.964
139.890 142.050 145.281
February 2009
Sur v ey
of
D-11
C u r r e n t B u sin ess
Table 1.5.5. Gross Domestic Product, Expanded Detail
Table 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
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...........
Software 1 ...............
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.............
Consumption expenditures
State and local.........................
Consumption expenditures...
Line
2008
IV
I
II
III
1 13,807.5 14,280.7 14,031.2 14,150.8 14,294.5 14,412.8 14,264.6
Gross domestic product....
9,710.2 10,058.5
1,082.8 1,022.7
440.4
379.6
5
415.3
227.0
2,833.0
1,329.1
374.0
411.6
231.6
2,966.9
1,399.6
373.2
366.9
762.9
5,794.4
1,460.9
525.7
218.8
306.9
357.0
1,681.1
403.4
1,366.3
413.4
780.7
6,068.9
1,513.5
554.4
233.5
320.9
372.9
1,779.8
412.9
1,435.4
Personal consumption
9,892.7 10,002.3 10,138.0 10,163.5 9,930.2
expenditures..........................
944.4
1,083.0 1,071.0 1,059.3 1,016.2
Durable goods.........................
424.7
400.6
370.7
322.4
Motor vehicles and parts.....
437.8
Furniture and household
415.3
415.1
423.0
411.2
397.0
equipment........................
235.7
229.9
231.3
234.3
225.0
Other....................................
2,906.2 2,950.7 3,026.2 3,044.6 2,846.0
Nondurable goods...................
1,359.8 1,380.5 1,416.3 1,418.4 1,383.1
Food....................................
373.2
375.5
382.4
374.4
360.6
Clothing and shoes..............
Gasoline, fuel oil, and other
423.7
441.8
324.5
energy goods...................
405.3
463.6
785.7
788.2
Other....................................
767.9
771.1
777.8
5,903.5 5,980.6 6,052.5 6,102.7 6,139.8
Services...................................
1,482.7 1,495.1 1,508.8 1,520.9 1,529.2
Housing................................
534.3
541.7
554.5
555.8
565.6
Household operation............
221.1
236.3
237.7
Electricity and gas...........
228.1
231.9
313.2
313.6
323.9
327.9
Other household operation
318.1
362.9
372.9
Transportation......................
368.8
376.8
373.0
1,721.9 1,746.6 1,769.3 1,792.9 1,810.5
Medical care........................
409.7
408.2
412.3
Recreation...........................
415.8
415.1
1,446.4
Other....................................
1,392.0 1,420.2 1,434.6 1,440.4
23
24
25
2,130.4
2,134.0
1,503.8
480.3
1,023.5
2,004.1
2,044.0
1,556.2
556.3
999.9
2,092.3
2,113.4
1,542.1
508.7
1,033.4
2,056.1
2,081.7
1,553.6
522.7
1,030.9
2,000.9
2,077.0
1,571.9
549.8
1,022.1
26
517.7
537.3
532.5
539.6
550.9
7!
28
29
30
93.7
227.3
196.8
180.6
90.4
241.2
205.8
180.5
95.7
235.6
95.8
241.8
201.2
202.0
179.9
182.0
96.8
244.6
209.5
183.2
31
32
33
34
35
36
157.2
168.0
630.2
-3.6
148.4
172.6
571.3
- 21.1
5.7
-26.7
142.1
167.3
528.1
-25.6
-5.2
111.4
170.7
487.8
-39.9
-3.1
-36.8
-25.8
121.4
166.5
505.0
-76.0
-4.1
-71.9
3/
38
39
40
41
42
43
-707.8
1,662.4
1,149.2
513.2
2,370.2
1,985.2
385.1
-665.1
1,867.8
1,289.6
578.2
2,533.0
2,117.0
415.9
-696.7
1,759.7
1,213.7
546.0
2,456.5
2,060.9
395.6
-705.7
1,820.8
1,256.9
563.9
2,526.5
2,118.0
408.5
-718.2
1,923.2
1,343.7
579.5
2,641.4
2,225.5
415.9
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
44
45
46
47
48
49
50
51
5?
53
54
1.6
2,674.8
979.3
662.2
580.1
82.1
317.1
276.0
41.1
1,695.5
1,355.9
339.6
2,883.2
1,071.2
734.3
639.1
95.2
336.9
292.0
44.9
1,812.1
1,454.4
357.7
2,742.9
998.3
679.3
594.7
84.6
319.0
276.9
42.1
1,744.6
1,395.2
349.4
0.2
2,798.1
1,026.5
699.9
613.8
86.1
326.6
284.2
42.4
1,771.6
1,426.3
345.3
2,873.7
1,056.1
723.3
629.0
94.3
332.9
289.2
43.7
1,817.6
1,462.7
354.9
Gross private domestic
1,948.4
investment..............................
1,956.7
Fixed investment......................
1,518.0
Nonresidential......................
580.4
Structures........................
937.6
Equipment and software...
Information processing
equipment and
514.4
544.5
software...................
Computers and
peripheral
79.7
89.2
242.5
Software 2................
236.0
212.9
198.7
Other........................
174.4
182.2
Industrial equipment....
Transportation
equipment................
105.5
76.5
172.3
Other equipment..........
176.6
479.4
438.7
Residential...........................
-49.7
-8.3
Change in private inventories...
-4.2
-4.5
-45.5
-3.8
Nonfarm...............................
2,010.9
2,060.6
1,581.2
572.4
1,008.8
-707.7
1,968.9
1,374.3
594.6
2,676.6
2,251.0
425.6
2,946.1
1,098.0
759.5
659.6
99.9
338.5
294.5
44.0
1,848.1
1,485.7
362.4
2008
Net exports of goods and
-528.9
services
1,758.4
Exports
1,183.7
Goods
Services
574.8
2,287.4
Imports
1,873.6
Goods
413.8
Services
2,914.9
1,103.9
754.4
653.9
100.5
349.6
300.2
49.4
1,811.0
1,443.0
368.0
2007
IV
2
3
4
6
2007
IV
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Consumption expenditures
Gross investment.............
Consumption expenditures
Consumption expenditures...
Gross investment.................
Residual......................................
2008
I
II
IV
III
1 11,523.9 11,671.3 11,620.7 11,646.0 11,727.4 11,712.4 11,599.4
2
3
4
8,252.8
1,242.4
446.7
8,276.2
1,188.3
387.1
8,298.2
1,250.6
442.6
8,316.1
1,237.0
430.2
8,341.3
1,228.3
407.2
8,260.6
1,180.1
376.9
8,186.9
1,107.7
334.1
5
594.0
228.3
2,392.6
1,110.5
412.9
614.1
226.5
2,381.9
1,110.0
414.4
606.6
230.8
2,400.2
1,118.7
413.2
609.3
229.4
2,397.9
1,122.4
416.3
629.6
230.8
2,420.7
1,133.6
427.2
616.2
228.1
2,376.3
1,112.3
412.2
601.5
217.9
2,332.8
1,071.7
401.8
198.1
687.3
4,646.2
1,171.7
421.2
151.1
270.9
299.2
1,327.8
335.0
1,089.9
191.0
689.3
4,714.8
1,182.3
421.1
148.8
274.1
297.3
1,374.0
332.5
1,105.6
197.0
687.9
4,676.1
1,175.9
424.0
151.2
273.9
299.9
1,344.5
336.3
1,093.9
194.0
684.8
4,704.3
1,177.3
425.9
154.0
272.5
301.2
1,360.8
332.3
1,105.0
190.8
695.1
4,712.1
1,182.3
421.3
149.6
273.2
298.9
1,370.3
333.4
1,104.0
184.1
695.5
4,711.3
1,184.5
412.4
141.2
274.6
297.2
1,378.9
332.1
1,104.6
195.0
681.8
4,731.6
1,185.0
424.9
150.4
276.1
292.0
1,386.2
332.4
1,108.8
23
24
25
1,809.7
1,808.5
1,382.9
304.6
1,078.9
1,702.2
1,721.2
1,408.2
340.5
1,047.2
1,781.3
1,788.2
1,414.7
319.7
1,090.1
1,754.7
1,762.4
1,423.1
326.4
1,088.6
1,702.0
1,754.9
1,431.8
340.5
1,074.7
1,703.7
1,731.1
1,425.7
348.4
1,054.0
1,648.5
1,636.4
1,352.2
346.9
971.5
26
653.9
687.0
677.6
689.6
702.9
695.5
660.1
>1
28
29
30
237.0
218.0
155.7
249.2
226.3
149.0
245.1
223.5
153.1
251.0
223.6
153.4
252.3
230.6
152.0
249.5
233.6
148.6
244.0
217.6
142.0
139.4
148.4
453.8
-2.5
131.9
151.5
411.6
- 8.1
10.5
- 20.6
127.0
146.5
383.0
- 10.2
65.7
141.5
330.7
-17.9
108.6
145.3
369.6
-50.6
2.4
-55.1
93.6
151.5
353.7
-29.6
-3.7
98.7
146.2
359.2
- 21.0
3.1
-25.6
-33.3
4.0
3/
38
39
40
41
42
43
-546.5
1,425.9
998.7
426.9
1,972.4
1,677.7
296.4
-388.2
1,518.6
1,062.4
455.8
1,906.7
1,609.1
298.4
-484.5
1,482.1
1,037.0
444.7
1,966.5
1,670.2
297.8
-462.0
1,500.6
1,048.6
451.7
1,962.6
1,662.0
301.8
-381.3
1,544.7
1,088.9
455.8
1,926.0
1,631.6
295.5
-353.1
1,556.1
1,098.7
457.4
1,909.1
1,612.2
297.9
-356.4
1,472.8
1,013.3
458.1
1,829.2
1,530.5
298.6
44
45
46
47
48
49
50
51
5?
53
54
55
2,012.1
752.9
502.1
425.8
78.0
250.4
211.7
39.3
1,259.0
1,008.0
250.9
-152.7
2,071.0
797.7
537.7
452.2
2,029.4
761.7
509.9
431.9
79.9
251.5
2,039.1
772.6
518.9
439.7
81.0
253.2
213.5
40.5
1,266.7
1,017.6
249.0
-178.7
2,058.9
785.0
528.1
443.4
87.9
256.3
215.6
41.6
1,274.4
1,020.6
253.7
-191.6
2,088.1
810.8
550.4
461.5
92.6
259.5
218.5
41.8
1,278.7
1,023.4
255.2
-162.8
2,097.7
822.3
553.3
464.1
92.8
268.4
223.3
46.8
1,277.2
1,023.7
253.4
-104.1
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
31
32
33
34
15
36
1.0
88.6
259.4
217.7
42.7
1,274.3
1,021.3
252.8
-159.0
212.0
40.2
1,267.5
1,013.9
253.4
-171.9
6.0
2.2
6.2
1.8
1. Excludes software “embedded," orbund ed, in comp uters and ther equiprnent.
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 o t e . The residual line is the difference between the first line and the sum of the most detailed lines.
D-12
National Data
Table 1.6.4. Price Indexes for
Gross Domestic Purchases
[Index numbers, 2000=100]
February 2009
Table 1.6.7. Percent Change From Preceding Period in Prices for
Gross Domestic Purchases
[Percent]
Seasonally adjusted
Line
2007
2008
2007
IV
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...........
Software 1 ...............
Other.......................
Industrial equipment....
Transportation
equipment...............
Other equipment.........
Residential...........................
Change in private inventories...
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 purchasers 2 ........
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...........................
I
II
Line
III
2 117.659 121.542 119.221 120.283 121.544 123.041 121.300
3 87.154 86.046 86.598 86.581
86.237 86.110 85.256
4
98.589
97.982
98.919
98.698
98.382
98.345
96.503
5 69.924 66.993 68.445 68.115 67.161 66.716 65.979
6 99.421 102.231 99.608 100.809 102.109 102.720 103.283
7 118.407 124.554 121.092 123.059 125.021 128.129 122.007
8 119.682 126.134 121.553 123.007 124.943 127.519 129.065
9 90.595 90.067 90.311 90.203 89.520 90.817 89.729
10 185.237 216.976 205.630 218.289 231.457 251.777 166.379
11 111.013 113.258 111.638 112.598 113.027 113.325 114.084
12 124.712 128.722 126.253 127.133 128.450 129.538 129.767
124.679
124.813
144.797
113.275
119.318
126.601
120.418
20 125.365
13
14
15
16
17
18
19
128.015
131.673
157.122
117.073
125.448
129.536
124.158
129.839
126.086
126.005
146.182
114.354
121.004
128.078
121.833
127.259
126.994
127.183
148.139
115.093
122.455
128.364
122.851
128.529
127.623
131.604
157.995
116.476
124.768
129.127
123.699
129.950
128.405
134.783
164.322
117.958
126.808
130.037
125.200
130.416
129.039
133.122
158.034
118.765
127.762
130.617
124.881
130.462
21 117.735 118.335 117.960 117.815 117.926 118.510 119.090
22 117.995 118.770 118.189 118.117 118.353 119.037 119.573
23 108.739 110.537 109.015 109.177 109.788 110.913 112.268
24 157.662 163.326 159.138 160.182 161.496 164.285 167.341
25 94.870 95.507 94.798 94.700 95.101 95.710 96.519
2b
79.170
78.208
78.586
78.245
78.370
78.293
77.923
2 / 40.062 35.951 38.391 37.024 36.297 35.608 34.874
28 95.888 96.809 96.147 96.339 96.976 97.196 96.723
29 90.278 90.929 90.047 90.345 90.863 91.160 91.346
30 115.968 121.152 117.484 118.620 120.525 122.615 122.850
31 112.762 113.179 112.519 111.871 111.849 112.692 116.304
32 113.222 116.790 113.933 114.175 114.579 116.616 121.789
33 138.884 135.699 138.803 137.900 136.687 135.535 132.672
34
US
3fi
3/
38
39
40
41
42
43
44
45
46
47
132.941
130.076
131.874
136.220
105.255
126.636
130.378
104.556
134.671
134.517
135.383
139.227
134.283
136.557
141.339
107.443
129.887
134.121
105.156
142.211
142.412
141.486
135.174
131.070
133.237
137.704
105.920
126.886
130.637
104.753
137.649
137.612
137.896
137.237
132.879
134.905
139.603
106.296
128.986
133.128
104.758
139.866
140.173
138.722
139.588
134.553
136.967
141.872
107.217
129.868
134.139
104.948
142.632
143.333
139.890
141.107
135.447
138.004
142.967
107.925
130.465
134.776
105.326
144.540
145.179
142.050
138.973
134.255
136.352
140.914
108.337
130.229
134.439
105.592
141.807
140.964
145.281
48
34.096
30.253
32.388
31.478
30.688
29.840
29.005
49 122.010 126.065 123.584 124.703 126.052 127.496 126.008
50 119.572 126.021 121.569 122.979 124.814 127.400 128.891
51 171.369 198.487 184.703 194.992 210.365 222.469 166.122
62 118.194 120.757 119.129 119.770 120.421
53 119.819 122.453 120.826 121.613 121.951
2007
2008
IV
1 120.294 124.097 121.766 122.821 124.103 125.475 123.991
121.243 121.596
123.134 123.113
54 121.184 124.006 122.275 123.102 123.482 124.715 124.723
55 120.469 128.111 122.921 125.086 127.311 129.889 130.158
66 139.410 133.020 137.744 140.086 129.829 135.251 126.914
5 / 119.152 121.498 120.074 120.661 121.111 122.008 122.212
58 119.853 122.510 120.856 121.653 122.008 123.204 123.176
59 120.329 124.155 121.798 122.863 124.160 125.543 124.054
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2. Some components of final sales of computers include computer parts.
Seasonally adjusted at annual rates
2008
2007
IV
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............
Software 1................
Other........................
Industrial equipment....
Transportation
equipment................
Other equipment..........
Residential...........................
Change in private inventories...
2008
I
II
IV
III
1
2.8
3.2
4.0
3.5
4.2
4.5
-4.6
2
3
4
2.6
- 1.8
-0.5
3.3
-1.3
- 0.6
4.3
- 1.6
0.7
3.6
- 0.1
-0.9
4.3
- 1.6
-1.3
5.0
- 0.6
- 0.2
-5.5
-3.9
-7.3
5
-4.6
-4.2
1.0
2.8
8
3.0
3.8
5.2
5.4
9
- 0.8
- 0.6
-5.5
1.5
8.4
3.7
0.9
-1.9
4.9
6.7
4.9
-0.5
-5.5
5.3
6.5
6.4
-3.0
- 2.6
2.4
10.3
8.5
5.9
-4.3
6
10
11
12
8.3
17.1
2.0
51.1
2.5
3.5
3.2
3.2
4.7
27.0
3.5
26.4
1.5
4.2
40.0
1.1
3.3
3.7
2.7
2.4
2.9
2.7
3.7
7
2.8
20
3.3
3.2
2.7
5.5
8.5
3.4
5.1
2.3
3.1
3.6
21
22
23
24
25
1.4
1.4
1.4
3.8
0.3
0.5
0.7
1.7
3.6
0.7
1.7
4.5
0.4
2.7
-0.4
2.3
3.3
1.7
26
- 2.1
- 1.2
- 1.2
-1.7
2/
28
29
30
-10.5
0.4
- 0.6
4.0
-10.3
-9.0
-13.5
1.0
1.2
0.8
0.7
4.5
- 0.2
3.8
1.3
3.9
31
32
33
34
3S
1.7
2.3
1.5
0.4
3.2
-2.3
0.1
2.0
0.0
3/
38
39
40
41
42
43
44
45
46
47
4.5
3.4
3.5
3.8
1.5
3.1
3.5
4.7
3.2
3.6
3.8
5.1
2.3
3.1
3.4
0.6
0.6
5.1
4.7
6.9
48
13
14
15
16
17
18
19
1.6
2.9
3.8
5.5
2.0
14.6
29.4
4.9
7.8
2.4
2.2
2.6
3.6
3.6
4.2
3.6
4.9
0.9
3.4
4.1
1.3
-0.5
- 0.2
0.4
0.6
1.2
2.8
4.5
0.8
1.1
3.4
2.5
10.0
17.0
5.2
6.7
2.2
-17.8
4.9
-4.7
-80.9
2.7
0.7
2.0
-4.8
-14.5
2.8
3.0
2.8
1.8
4.9
1.4
- 1.0
2.0
2.3
4.2
7.1
2.0
0.1
1.8
2.6
5.0
7.7
3.4
0.6
-0.4
-1.9
-7.6
2.7
2.3
- 8.0
-1.9
6.6
-7.4
0.9
1.3
7.1
-2.3
0.9
- 2.6
- 0.1
1.4
-3.5
3.0
7.3
-3.3
13.5
19.0
- 8.2
6.2
5.6
5.1
5.6
1.4
7.0
5.1
6.3
6.7
3.5
0.5
0.4
6.8
2.8
7.8
5.6
5.9
4.5
0.0
6.6
3.1
0.7
-5.9
-3.5
-4.7
-5.6
1.5
-0.7
- 1.0
1.2
6.8
7.4
4.7
7.7
2.4
9.3
3.4
4.4
2.7
3.1
3.1
2.7
1.9
1.9
1.4
5.5
5.3
6.3
-7.4
- 11.1
9.4
- 10.8
-11.3
-12.3
- 10.8
-9.7
- 10.6
-10.7
49
50
51
2.9
3.8
4.2
4.3
35.1
3.7
4.7
24.2
4.4
6.2
3.3
5.4
15.8
35.5
4.7
8.5
25.1
-4.6
4.8
-68.9
52
53
2.4
2.7
2.2
2.2
2.4
2.2
2.6
2.2
1.1
2.8
1.2
3.9
- 0.1
54
55
2.8
2.3
6.3
6.0
2.7
7.2
1.2
4.3
7.3
4.1
8.3
0.0
0.8
56
3.0
-4.6
6.1
7.0
-26.2
17.8
-22.5
5/
58
2.5
2.7
2.0
2.2
2.4
2.0
1.5
2.8
2.7
1.2
3.0
4.0
0.7
- 0.1
59
2.8
3.2
4.0
3.5
4.3
4.5
-4.7
0.8
0.8
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 purchasers 2.........
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...........................
2.1
2.6
2.9
1.1
2.8
3.0
1. Excludes software “embedded," or bundled, in computers and other equipment.
2. Some components of final sales of computers include computer parts.
8.1
6.1
1.0
February 2009
Survey
of
D-13
C u r r e n 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]
Table 1.6.8. Contributions to Percent Change in the Gross Domestic
Purchases Price Index
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Seasonally adjusted at annual rates
2008
II
I
III
Line
IV
2007
2008
IV
Percent change at annual rate:
Gross domestic purchases...
1
2.8
3.2
4.0
3.5
4.2
4.5
-4.6
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 1 ...............
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 purchasers 2 ........
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...........
Plus: Income receipts from the
2008
I
II
III
IV
1
2.0
- 0.2
0.9
2.8
-0.5
V
15.7
0.4
-28.0
-13.0
-7.8
S
14.3
-23.5
- 21.8
-2.5
4
5
2.2
1.3
5.5
0.1
8.0
2.1
6.1
9.1
2.7
2.7
2.6
2.6
6.4
7.0
3.5
3.5
-15.3
- 0.2
21.9
26.0
3.5
3.6
-9.7
- 12.2
3.8
3.9
2.6
2.6
3.6
3.2
3.4
0.7
- 1.0
1.5
-3.0
- 0.8
0.7
- 1.0
- 1.6
-0.5
-1.3
- 0.1
-1.7
0.7
- 1.2
-0.9
-3.5
-4.3
1.3
-3.8
Less: Income payments to the rest
2
3
4
5
1.73
-0.14
- 0.02
-0.14
6
0,02
7
8
0.58
0.34
9
- 0.02
10
11
12
13
14
15
16
17
18
19
20
2.21
-0.09
- 0.02
2.88
2.43
2.87
- 0.11
- 0.01
-0.03
- 0.11
-0.04
0.02
- 0.12
0.04
-0.16
1.02
1.60
0.34
0.50
- 0.01
3.37
-0.04
0.00
-0.16
0.08
1.29
0.60
-0.08
-0.07
0.04
0.02
-0.05
0.08
1.30
0.45
- 0.01
0.69
0.08
1.69
1.03
0.06
1.39
0.25
0.36
0.25
0.02
0.20
0.43
1.10
0.68
0.06
1.29
0.36
0.11
1.29
0.27
0.13
1.39
0.32
0.10
0.20
0.12
0.04
0.06
0.07
0.42
0.04
0.31
0.13
0.07
0.13
0.27
0.09
0.34
0.07
0.05
0.09
0.41
0.18
1.13
0.29
0.14
0.08
0.06
0.34
0.09
0.38
0.22
0.20
0.18
0.18
0.15
0.03
-0.07
-0.03
0.06
0.09
-0.03
0.23
0.12
0.12
0.11
0.20
0.51
0.41
2.02
0.78
0.15
-3.74
-0.26
-0.17
- 0.12
0.03
-3.78
0.45
- 0.12
-4.26
0.14
0.29
0.20
-0.18
-0.24
0.06
0.08
0.10
0.11
0.19
0.28
0.08
0.43
0.16
0.34
0.14
0.14
0.05
0.12
0.12
0.27
0.32
0.43
0.26
0.17
0.27
0.24
0.50
0.28
0.21
0.21
23
24
25
0.12
0.02
26
-0.08
-0.04
-0.04
-0.06
0.02
- 0.01
-0.07
27
28
29
30
-0.07
-0.07
-0.06
-0.09
0.02
0.01
0.02
0.00
0.01
0.02
-0.05
-0.03
0.05
0.05
0.05
0.05
-0.05
0.04
0.03
0.08
-0.05
0.01
- 0.01
0.08
0.01
0.01
31
32
33
34
35
36
0.02
0.00
- 0.02
0.07
0.04
-0.08
- 0.02
- 0.10
-0.03
0.04
-0.08
0.00
0.02
- 0.12
0.02
0.03
0.07
0.00
0.02
0.00
0.02
0.01
0.01
-0.26
-0.06
-0.03
-0.03
0.08
- 0.11
-0.05
0.94
0.15
0.14
0.14
1.15
0.38
0.24
0.23
0.01
0.01
0.01
0.00
0.14
7
Equals: Net national product....
Addenda:
8
3.7
3.9
3.0
3.1
7.0
7.8
3.1
3.1
9
2.9
3.0
10
2.0
6
11
Net domestic product...............
Net domestic income 3 ............
P
13
14
1.4
1.5
1.8
1.1
0.5
0.0
2.3
- 0.1
-2.9
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.
0.01
0.07
0.09
0.18
0.13
0.05
0.11
Equals: Gross national product
Less: Consumption of fixed capital
Private.........................
Government.................
General government
Government
enterprises..........
-0.03
21
22
Table 1.7.3. Real Gross Domestic Product, Real Gross National Product,
and Real Net National Product, Quantity Indexes
[Index numbers, 2000=100]
0.22
Seasonally adjusted
37
38
39
40
41
42
43
44
45
46
4/
0.01
0.00
0.01
0.81
0.23
0.16
0.15
0.01
-0.03
0.88
0.22
0.17
0.15
0.01
0.01
0.07
0.07
0.06
0.05
0.00
0.00
0.66
0.58
0.43
0.15
0.55
0.11
0.79
0.68
0.11
0.01
0.01
0.02
0.02
0.00
-0.05
0.03
1.32
0.36
0.29
0.27
0.85
0.19
0.15
0.13
-1.17
-0.25
-0.24
-0.25
0.01
0.02
0.02
0.15
0.15
0.06
0.06
0.04
0.04
0.00
0.00
0.77
0.72
0.06
0.96
0.00
0.66
0.01
- 0.02
- 0.02
0.00
0.88
0.08
0.51
0.15
Line
-0.91
-1.13
0.22
2007
2008
2007
IV
Gross domestic product...........
Plus: Income receipts from the
2008
I
II
III
IV
1 117.388 118.889 118.374 118.631 119.460 119.308 118.157
195.944 180.516 174.333 170.835
188.098
Less: Income payments to the rest
184.231
0.20
0.00
Less: Consumption of fixed capital
Private.........................
Government.................
General government
Government
enterprises..........
4 117.795
5 126.321 135.168
6 127.463 137.435
7 120.585 124.263
8 120.211 123.899
177.954 167.341
166.304 159.560
119.302
128.631
129.996
121.844
121.472
119.950
133.184
135.137
123.699
123.318
119.329
131.133
132.871
122.626
122.253
119.901
139.944
143.163
124.775
124.411
136.412
138.568
125.953
125.613
9 122.684 126.319 123.935 124.726 125.837 126.829 127.883
118.054 117.763 118.201 117.292
10 116.652
Addendum:
Net domestic product...............
11 116.187 116.744 117.000 116.966 117.639 116.610 115.761
Table 1.7.4. Price Indexes for Gross Domestic Product,
Gross National Product, and Net National Product
[Index numbers, 2000=100]
48
- 0.12
- 0.12
-0.14
- 0.12
- 0.11
- 0.11
- 0.11
Seasonally adjusted
Line
49
50
51
52
2.88
0.35
0.30
3.29
0.52
0.80
4.16
0.41
1.58
3.63
0.44
2.10
1.84
2.03
1.21
4.35
0.57
1.79
4.61
0.80
1.34
-4.54
0.45
- 6.11
1.85
1.88
2.35
1.02
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2. Some components of final sales of computers include computer parts.
2007
2007
2008
2007
IV
Gross domestic product...........
Plus: Income receipts from the
2008
I
II
III
IV
1 119.819 122.453 120.826 121.613 121.951 123.134 123.113
'? 119.722
121.060 122.117 123.386 124.803
Less: Income payments to the rest
Less: Consumption of fixed capital
Private.........................
Government.................
General government
Government
enterprises..........
S 119.907
121.302 122.572 124.018 125.573
4 119.815
5 114.661 114.168
6 113.313 111.898
7 121.816 126.327
8 120.682 125.221
120.822
115.095
113.515
123.471
122.286
121.601
114.142
112.213
124.403
123.312
121.938
113.974
111.821
125.463
124.385
9 127.796 132.153 129.721
130.151
131.143 132.751 134.565
10 120.554
Addendum:
Net domestic product...............
123.117
114.180
111.792
126.994
125.901
114.377
111.767
128.446
127.285
121.644 122.685 123.099 124.432
11 120.561 123.673 121.653 122.706 123.122 124.460 124.404
D-14
National Data
February 2009
Table 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net
National Product, National Income, and Personal Income
Table 1.7.6. Relation of Real Gross Domestic Product, Real Gross National
Product, and Real Net National Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
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.............
II
III
861.7
907.4
843.2
822.8
815.6
3
759.3
742.0
705.1
708.9
688.7
4 13,910.0
5 1,720.5
6 1,431.1
7 1,147.0
1,833.1
1,523.9
1,225.6
8
1,305.6
1,055.5
14,196.6 14,289.0 14,408.3 14,539.6
1,758.6 1,778.0 1,803.1 1,898.1
1,462.3 1,477.5 1,497.4 1,585.9
1,171.4 1,186.1 1,205.6 1,266.0
1,067.2
1,286.0
1,295.2
1,323.6
1,853.3
1,534.7
1,244.8
1,317.5
9
-91.5
80.0
-104.2
100.0
89.6
57.6
72.8
10
11
12
284.1
289.4
241.4
298.3
309.2
258.2
290.9
296.3
247.1
291.4
300.5
250.8
291.8
305.7
255.2
320.0
312.1
260.6
289.9
318.7
266.0
13
48.0
51.1
49.2
49.7
50.5
51.5
52.6
Less: Statistical discrepancy......
1S -81.4
1fi 12,270.9
63.4
136.6
162.8
12,424.1 12,447.6 12,468.6 12,478.8
17
1,642.4
18
963.2
986.0
19
965.1
20
21
1,611.1
1,593.5
1,533.3
1,514.8
975.3
975.1
988.5
993.8
986.5
995.2
975.3
992.2
995.4
998.4
994.8
664.4
677.3
688.1
662.3
683.4
656.6
706.8
100.2
103.4
103.1
103.2
102.1
92.1
116.2
22
-7.9
- 8.1
-6.7
-7.1
-7.7
- 8.0
-9.5
23
-6.3
0.0
0.0
0.0
0.0
0.0
0.0
24
2 ,000.1
2,040.4
2,056.2
2,054.1
2,052.3
2,055.7
1,999.6
1,713.3 1,869.8 1,737.8 1,778.1 1,926.3 1,872.7 1,902.3
26 11,663.2 12,099.0 11,872.1 11,960.5 12,152.2 12,159.4 12,124.1
25
97 13,889.0
14,017.4 14,087.4
?H 13,991.4
14,182.7 14,225.6
12,935.9
13,111.1 13,154.4
30 12,087.1 12,447.6 12,272.6 12,372.9
31 12,168.5
12,258.8 12,309.5
32 11,215.5
11,352.5 11,376.4
14,157.8
14,271.7
13,188.7
12,491.3
12,354.7
11,385.6
14,250.0
14,376.8
13,298.9
12,514.8 12,411.2
12,352.0
11,400.9
1. Consists of compensation of employees, proprietors’ income with inventory valuation adjustment (IVA) and capital
consumption adjustment (CCAdj), rental income of persons with CCAdj, corporate profits with IVA and CCAdj, net interest
and miscellaneous payments, and consumption of fixed capital.
2. Consists of gross national factor income less consumption of fixed capital.
2007
2008
IV
Gross domestic product...........
Plus: Income receipts from the
rest of the world.......................
Less: Income payments to the rest
of the world..............................
II
III
IV
1 11,523.9 11,671.3 11,620.7 11,646.0 11,727.4 11,712.4 11,599.4
a
719.9
749.9
690.9
667.2
653.9
633.3
611.7
575.2
571.6
548.5
Equals: Gross national product
Less: Consumption of fixed capital
Private.........................
Government.................
General government
Government
enterprises..........
4 11,609.8
5 1,500.5
6 1,263.0
7
237.5
Equals: Net national product....
10 10,111.5
Addenda:
Gross domestic income 1 ........
Gross national income 2 ..........
Net domestic product...............
Net domestic income 3 ............
I
8
200.0
1,605.6
1,361.8
244.8
206.2
9
37.5
38.6
11,758.3 11,760.9 11,822.2 11,817.3
1,527.9 1,557.6 1,582.0 1,662.3
1,288.1 1,316.6 1,339.0 1,418.5
240.0
241.6
243.7
245.8
202.1
203.4
205.2
207.0
37.9
38.2
38.5
1,620.3
1,373.0
248.1
209.0
38.8
39.1
10,233.0 10,207.8 10,245.7 10,166.9
11 11,591.9
1? 11,677.7
11,609.3
11,746.8
13 10,025.9 10,074.0 10,096.1
14 10,093.5
10,084.7
11,593.8
11,708.8
10,093.2
10,041.4
11,615.2 11,580.1
11,710.0 11,685.0
10,151.2 10,062.4
10,040.2 9,931.5
9,989.2
Table 1.8.3. Command-Basis Real Gross National Product, Quantity Indexes
Addenda:
Net domestic product.................
Net domestic income..................
Net national factor income 2
2008
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.
N o t e . 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.
12,438.0 12,511.1 12,605.2 12,641.6
13.9
2007
IV
1 13,807.5 14,280.7 14,031.2 14,150.8 14,294.5 14,412.8 14,264.6
14 12,189.5
Equals: Personal income.............
I
Line
9
Equals: Net national product.......
Equals: National income..............
Less: Corporate profits with
inventory valuation and capital
consumption adjustments...........
Taxes on production and
imports less subsidies....
Contributions for
government social
insurance........................
Net interest and
miscellaneous payments
on assets........................
Business current transfer
payments (net)...............
Current surplus of
government enterprises
Wage accruals less
disbursements................
Plus: Personal income receipts on
assets.........................................
Personal current transfer
receipts...........................
Seasonally adjusted at annual rates
2008
[Index numbers, 2000=100]
Seasonally adjusted
Line
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
world 1 ....................................
Equals: Command-basis gross
national product.....................
Addendum:
Percent change from preceding
period in command-basis
real gross national product...
2007
2008
2007
2008
IV
I
1 117.795
119.302
119.329
119.950 119.901
?
145.597
151.448
148.662
150.058
149.930
3
142.179
145.463
141.612
138.541
137 696
4 117.282
118.404
118.271
118999
118.065
2.1
0.4
-0.4
- 0.2
-0.5
5
II
III
IV
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
2007
2008
2007
IV
1 11,609.8
2008
I
II
III
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
world 1....................................
2
2,153.3
2,239.8
2,198.6
2,219.3
2.217.4
3
2,102.7
2,151.4
2,094.4
2,049.0
2.036.5
Equals: Command-basis gross
national product.....................
4 11,559.2
Addendum:
Terms of trade 2.......................
5
97.652
IV
11,758.3 11,760.9 11,822.2 11,817.3
11,669.8 11,656.8 11,651.9 11,636.5
96.051
95.261
92.328
91.843
1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and
services and income payments.
2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding implicit
price deflator for imports divided by 100.
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights
of more than one period, the corresponding chained-dollar estimates are usually not additive.
February 2009
Su r v e y
of
D-15
C u r r e n t B usin ess
Table 1.10. Gross Domestic Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2007
2008
14,017.4
14,087.4
14,157.8
14,250.0
8.017.0
6.525.2
6.525.2
6.515.0
8.040.7
6.538.5
6.538.5
6.528.2
10.2
10.2
8.087.6
6.577.3
6.577.3
6.567.1
10.2
0.0
1,504.4
7,948.3
6.472.8
6.472.8
6.462.5
10.3
0.0
1.475.5
0.0
1.491.7
0.0
1.502.2
1.510.3
0.0
1.513.6
1.015.5
1,036.7
1.027.7
1.025.8
1.039.4
1.044.1
1.037.7
52.3
50.8
52.3
50.6
50.8
50.3
51.3
3.317.4
3.324.5
915.4
103.2
1,071.7
39.1
3.325.5
3.333.3
935.8
103.4
1,072.4
63.9
3.335.2
3.341.9
936.7
103.1
1.073.8
38.6
1,076.9
58.6
3.270.6
3.278.6
901.0
92.1
1,080.5
68.5
116.2
1,060.5
89.6
1,189.7
433.5
756.3
706.6
1.195.1
402.9
792.1
654.9
1.159.8
406.8
753.0
681.6
1.136.4
393.5
742.9
647.3
Gross domestic incom e..................................................................................................
13,889.0
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.......................................................................................
7.819.4
6.362.8
6.369.0
6.359.0
-6.3
1,456.6
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 ot 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............................................................................
2008
8,054.8
6.550.4
6.550.4
10.0
3.386.0
3.393.9
899.6
100.2
1,056.2
40.0
1,297.8
450.4
847.4
671.1
102.1
0.0
8,074.1
6.560.5
6.560.5
176.3
-7.9
- 8.1
49.7
-6.7
137.2
-7.1
71.4
-7.7
8.0
-9.5
Consumption of fixed capital..................................................................................................
Private....................................................................................................................................
Government...........................................................................................................................
1.720.5
1.431.1
289.4
1,833.1
1,523.9
309.2
1.758.6
1.462.3
296.3
1,778.0
1.477.5
300.5
1,803.1
1.497.4
305.7
1.898.1
1,585.9
312.1
1,853.3
1,534.7
318.7
Addendum:
Statistical discrepancy...........................................................................................................
-81.4
13.9
63.4
136.6
162.8
95.6
-
D-16
National Data
February 2009
Table 1.12. National Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
IV
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
1
2
3
4
5
6
7
8
9
12,270.9
IV
12,4788
7,941.0
6,465.5
1,092.1
5,373.4
1,475.5
1,005.9
469.6
8,009.7
6,518.0
1,109.7
5,408.3
1,491.7
1,015.3
476.4
8,033.5
6,531.3
1,123.4
5,407.9
1,502.2
1,024.4
477.8
8,080.4
6,570.1
1,138.3
5,431.7
1,510.3
1,031.2
479.0
8,066.9
6,553.3
1,147.2
5,406.1
1,513.6
1,036.7
476.9
1,056.2
44.0
1,012.2
1,072.4
34.5
1,037.9
1,073.8
47.1
1,026.7
1,071.7
41.6
1,030.1
1,076.9
38.0
1,039.0
1,080.5
32.4
1,048.2
1,060.5
25.9
1,034.6
40.0
63.9
89.6
Rental income of persons with CCAdj
13
14
15
16
17
1,642.4
450.4
1,192.0
788.7
403.4
Net interest and miscellaneous payments.......................................................................................
18
664.4
Taxes on production and imports.....................................................................................................
19
Less: Subsidies.................................................................................................................................
20
21
22
38.6
39.1
58.6
68.5
1,611.1
433.5
1,177.6
816.4
361.2
1,593.5
402.9
1,190.6
832.5
358.1
1,533.3
406.8
1,126.5
846.4
280.0
1,514.8
393.5
1,121.3
841.1
280.3
677.3
688.1
662.3
683.4
656.6
706.8
1,015.5
1,036.7
1,027.7
1,025.8
1,039.4
1,044.1
1,037.7
52.3
50.8
52.3
50.6
50.3
51.3
103.4
34.7
63.3
5.4
103.1
33.1
62.1
103.2
32.2
63.0
50.8
102.1
32.4
63.6
8.0
8.0
6.1
92.1
41.5
46.4
4.2
116.2
32.8
80.2
3.2
-8.1
-6.7
-7.1
-7.7
-8.0
-9.5
1,011.5
1,326.9
361.2
965.7
-74.1
1,401.0
1,337.0
358.1
978.8
-109.4
1,446.3
1,276.5
2800
996.5
-154 0
1,430.5
1 319 6
280 3
1,039.4
-90 9
1,410.5
1,031.4
1,073.8
47.1
54.8
-7.7
1,026.7
907.0
- 10.0
129.7
38.6
55.7
-17.0
1,611.1
1,820.2
1,894.3
433.5
1,460.9
816.4
644.5
-74.1
-209.2
1,071.7
41.6
49.4
-7.8
1,030.1
871.0
-13.5
172.6
39.1
55.9
-16.8
1,593.5
1,641.5
1,750.9
402.9
1,348.0
832.5
515.5
-109.4
-48.0
1,076.9
38.0
45.9
-7.9
1,039.0
881.9
-19.7
176.7
58.6
75.1
-16.5
1,533.3
1,596.0
1,750.0
406.8
1,343.2
846.4
496.7
-154 0
-62.7
1,080.5
32.4
40.6
- 8.2
1,048.2
883.5
-10.5
175.2
68.5
89.9
-21.4
1,514 8
1,602.8
1,693.7
393.5
1,300.1
841.1
459.1
-90 9
- 88.0
Business current transfer payments (net)
To persons (net).............................
To government (net).......................
To the rest of the world (net)...........
23
24
100.2
31.9
61.4
6.9
Current surplus of government enterprises....................................................................................
25
-7.9
Cash flow:
Net cash flow with IVA and CCAdj...................................................................................................
Undistributed profits with IVA and CCAdj.....................................................................................
Consumption of fixed capital........................................................................................................
Less: Inventory valuation adjustment...............................................................................................
Equals: Net cash flow......................................................................................................................
?fi
?7
28
?9
in
1,348.7
403.4
945.3
-51.2
1,399.9
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..................................................................................................
31
32
33
34
35
36
37
38
39
40
41
4?
43
44
45
4fi
47
4fl
49
50
1,056.2
44.0
51.5
-7.5
1,012.2
893.5
- 6.8
125.5
40.0
56.8
-16.8
1,642.4
1,835.1
1,886.3
450.4
1,435.9
788.7
647.3
-51.2
-192.7
III
12,468.6
8,047.6
6,543.2
1,129.7
5,413.5
1,504.4
1,026.9
477.5
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.....................................................................................
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
II
12,447.6
7,812.3
6,355.7
1,075.2
5,280.5
1,456.6
991.9
464.7
10
11
12
Nonfarm..........................................................................................................................................
I
12,424.1
837.2
1,072.4
34.5
42.6
- 8.1
1,037.9
865.8
-5.6
177.8
63.9
81.5
-17.6
837.2
-72.1
828.7
1,060.5
25.9
34.4
-8.5
1,034.6
826.7
21.2
186.7
89.6
105.2
-15.6
828.7
-89.9
February 2009
Survey
of
D-17
C u r r e n t B u sin ess
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
2007
2008
2007
2008
IV
Gross value added of corporate business 1....................
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.....................
8.195.3
945.3
7,249.9
5.110.1
4,223.6
886.5
663.9
1.476.0
100.5
77.8
1.297.8
450.4
847.4
671.1
176.3
1,011.5
5,221.7
4,312.1
909.6
677.3
73.7
.
8,207.1
965.7
7.241.4
5.194.4
4,298.0
896.4
672.1
1,374.9
103.6
81.6
1.189.7
433.5
756.3
706.6
49.7
8.233.3
978.8
7.254.5
5.222.3
4.316.6
905.7
670.4
1,361.8
100.6
66.1
1,195.1
402.9
792.1
654.9
137.2
8.224.4
996.5
7.227.9
5.219.5
4.309.9
909.6
678.8
1.329.6
105.2
64.7
1.159.8
406.8
753.0
681.6
71.4
8,294.5
1.039.4
7.255.2
5.236.7
4.324.5
912.3
682.0
1.336.5
102.5
97.6
1.136.4
393.5
742.9
647.3
95.6
1,031.4
5,208.1
4,297.3
910.8
678.0
66.6
Gross value added of financial corporate business 1 ....
1 120.2
1.071.6
1.114.0
1,071.4
1,037.0
Gross value added of nonfinancial corporate business
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.....................
7.075.1
822.3
6.252.8
4.525.3
3.734.2
791.1
611.9
1,115.5
179.4
68.1
321.1
547.0
503.4
43.5
7.135.5
840.7
6.294.8
4.602.7
3.802.8
799.9
619.5
1.072.6
185.4
67.7
819.5
314.7
504.7
533.0
-28.3
7.119.3
852.6
6.266.7
4.623.0
3.814.8
808.2
617.9
1.025.8
180.5
57.9
787.4
279.8
507.6
494.0
13.6
7.153.1
868.5
6.284.6
4.630.8
3.819.1
811.7
625.6
1.028.2
186.7
58.2
783.2
294.0
489.2
514.2
-25.0
7.257.6
909.8
6.347.8
4.650.4
3.836.3
814.1
628.6
1.068.8
180.9
52.6
835.3
303.7
531.6
498.4
33.2
Corporate business:
Profits before tax (without IVA and CCAdj)..........................
Profits after tax (without IVA and CCAdj)............................
Inventory valuation adjustment...........................................
Capital consumption adjustment.........................................
1.541.6
1,091.2
-51.2
-192.7
1,352.4
949.5
-109.4
-48.0
1,376.5
969.7
-154.0
-62.7
1,315.2
921.7
-90.9
-72.1
1,473.0
1.039.6
-74.1
-209.2
88.0
-89.9
Nonfinancial corporate business:
Profits before tax (without IVA and CCAdj)..........................
Profits after tax (without IVA and CCAdj)............................
Inventory valuation adjustment...........................................
Capital consumption adjustment.........................................
1.091.7
770.7
-51.2
-172.5
-65.1
1.080.6
765.8
-74.1
-187.0
939.6
659.8
-109.4
-42.8
993.3
699.3
-154.0
-56.1
1,006.5
702.7
-90.9
-80.3
-81.3
4,632.3
3,820.6
811.7
624.3
57.6
868.1
900.4
4,625.0
3,812.3
812.8
625.0
61.5
Addenda:
-
Value added, in billions of chained (2000) dollars
Gross value added of nonfinancial corporate business 2..
Consumption of fixed capital 3...........................................
Net value added 4..............................................................
40
41
42
6,243.1
716.9
5,526.2
766.9
6,304.4
731.6
5,572.9
6,283.0
744.8
5,538.3
6,375.1
757.5
5,617.7
6,408.2
789.3
5,618.8
776.1
1. Estimates for financial corporate business and nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are
based on the North American Industry Classification System (NAICS).
2. The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts. For periods when this price index is not available,
the chain-type price index for GDP goods and structures is used.
3. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by
100.
4. Chained-dollar net value added of nonfinancial corporate business is the difference between the gross product and the consumption of fixed capital.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
Table 1.15. Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Domestic Corporate Business
[Dollars]
Seasonally adjusted
Line
2007
2008
2007
2008
IV
Price per unit of real gross value added of nonfinancial corporate business 1.............
1.133
1.132
1.133
1.122
1.133
Compensation of employees (unit labor cost).................................................................
0.725
0.730
0.736
0.726
0.726
Unit nonlabor cost.............................................................................................................
Consumption of fixed capital.............................................................................................
Taxes on production and imports less subsidies plus business current transfer payments
Net interest and miscellaneous payments........................................................................
0.270
0.132
0.109
0.029
0.271
0.133
0.109
0.029
0.273
0.136
0.108
0.029
0.272
0.136
0.107
0.029
0.276
0.142
0.106
0.028
Corporate profits with IVA and CCAdj (unit profits from current production)................
Taxes on corporate income...............................................................................................
Profits after tax with IVA and CCAdj..................................................................................
0.139
0.051
0.088
0.130
0.050
0.080
0.125
0.045
0.081
0.123
0.046
0.077
0.130
0.047
0.083
1. The implicit price deflator for gross value added of nonfinancial corporate business divided by 100. Estimates for nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard
Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS).
N o t e . The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts. For periods when this price index is not avail
able, the chain-type price index for GDP goods and structures is used.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
D-18
National Data
February 2009
2. Personal Income and Outlays
Table 2.1. Personal Income and Its Disposition
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
IV
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 assistance 1.................................................................................................................
Other..................
Other current transfer receipts, from business (net).....................................................................
Less: Contributions for government social insurance.......................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
11,663.2
7,818.6
6,362.0
5,286.7
1,075.2
1,456.6
991.9
464.7
1,056.2
44.0
1,012.2
40.0
2 ,000.1
1,214.3
785.8
1,713.3
1,681.4
999.4
32.3
41.9
18.8
588.9
31.9
965.1
12,099.0
8,047.6
6,543.2
5,413.5
1,129.7
1,504.4
1,026.9
477.5
1,072.4
34.5
1,037.9
63.9
2,040.4
1,206.3
834.1
1,869.8
1,835.1
1,058.3
52.0
45.4
19.3
660.0
34.7
995.2
I
II
IV
III
11,872.1
7,941.0
6,465.5
5,373.4
1,092.1
1,475.5
1,005.9
469.6
1,073.8
47.1
1,026.7
38.6
2,056.2
1,242.7
813.5
1,737.8
1,704.7
1,009.6
34.3
42.7
19.0
599.2
33.1
975.3
11,960.5
8,009.7
6,518.0
5,408.3
1,109.7
1,491.7
1,015.3
476.4
1,071.7
41.6
1,030.1
39.1
2,054.1
1,224.6
829.5
1,778.1
1,745.8
1,032.4
38.2
44.6
19.2
611.5
32.2
992.2
12,152.2
8,033.5
6,531.3
5,407.9
1,123.4
1,502.2
1,024.4
477.8
1,076.9
38.0
1,039.0
58.6
2,052.3
1,208.7
843.6
1,926.3
1,893.9
1,050.0
41.4
44.9
19.3
738.4
32.4
995.4
12,159.4
8,080.4
6,570.1
5,431.7
1,138.3
1,510.3
1,031.2
479.0
1,080.5
32.4
1,048.2
68.5
2,055.7
1,217.4
838.3
1,872.7
1,831.2
1,068.9
59.2
45.7
19.4
637.9
41.5
998.4
12,124.1
8,066.9
6,553.3
5,406.1
1,147.2
1,513.6
1,036.7
476.9
1,060.5
25.9
1,034.6
89.6
1,999.6
1,174.5
825.1
1,902.3
1,869.6
1,082.0
69.5
46.4
19.5
652.1
32.8
994.8
1,346.1
Less: Personal current taxes............................................................................................................
25
1,492.8
1,462.0
1,520.5
Equals: Disposable personal income..............................................................................................
26
10,170.5
10,637.0
10,351.5
1,535.0
10,425.5
10,806.0
1,468.6
10,690.7
10,625.9
Less: Personal outlays.....................................................................................................................
Personal consumption expenditures
Personal interest payments 2 ..........................................................................................................
Personal current transfer payments
To government...................
To the rest of the world (net)
27
28
29
30
31
32
10,113.1
9,710.2
265.4
137.5
81.2
56.3
10,454.6
10,058.5
251.4
144.7
84.4
60.3
10,309.2
9,892.7
276.7
139.8
82.5
57.3
10,404.9
10,002.3
261.7
140.8
82.9
57.9
10,538.2
10,138.0
253.8
146.4
83.7
62.7
10,559.9
10,163.5
248.9
147.5
84.8
62.7
10,315.7
9,930.2
241.3
144.2
86.3
57.8
Equals: Personal saving...................................................................................................................
33
57.4
182.4
42.4
20.6
267.9
130.8
310.3
Personal saving as a percentage of disposable personal income............................................
34
0.6
1.7
0.4
0.2
2.5
1.2
2.9
3b
8,644.0
8,752.3
8,683.1
8,667.9
8,891.0
8,689.1
8,760.4
36
37
38
33,706
28,648
301,737
34,929
28,740
304,530
34,179
28,670
302,865
34,351
28,560
303,498
35,531
29,234
304,128
35,066
28,501
304,872
34,768
28,664
305,620
Disposable personal income, current dollars.........................................................................
39
5.5
4.6
4.9
2.9
15.4
-4.2
-2.4
Disposable personal income, chained (2000) dollars.............................................................
40
2.8
1.3
0.6
-0.7
10.7
-8.8
3.3
Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 3 .....................................................................................
Per capita:
Current dollars........................................................................................................................
Chained (2000) dollars............................................................................................................
Population (midperiod, thousands)..................................................................................................
Percent change from preceding period:
1,498.2
1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
2. Consists of nonmortgage interest paid by households.
3. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
Table 2.2B. Wage and Salary Disbursements by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Wage and salary disbursements...............................................................................................
Private industries...............................................................................................................................
Goods-producing industries.............................................................................................................
Manufacturing.....................
Services-producing industries.
Trade, transportation, and ulilities
Other services-producing industries 1
Government........................................................................................................................................
1
2
2008
I
II
III
IV
6,362.0
6,543.2
6,465.5
6,518.0
6,531.3
6,570.1
6,553.3
7
5,286.7
1,205.4
746.0
4,081.3
1,035.2
3,046.1
5,413.5
1,212.3
742.2
4,201.3
1,044.2
3,157.1
5,373.4
1,218.2
750.2
4,155.3
1,048.3
3,106.9
5,408.3
1,217.7
748.4
4,190.5
1,050.4
3,140.2
5,407.9
1,212.7
745.0
4,195.2
1,048.4
3,146.7
5,431.7
1,217.7
743.6
4,214.0
1,047.4
3,166.6
5,406.1
1,200.8
731.8
4,205.3
1,030.5
3,174.8
8
1,075.2
1,129.7
1,092.1
1,109.7
1,123.4
1,138.3
1,147.2
3
4
5
6
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 o t e . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
February 2009
Sur v ey
of
D-19
C u r r e n t B u sin ess
Table 2.3.1. Percent Change From Preceding Period in Real Personal
Consumption Expenditures by Major Type of Product
Table 2.3.2. Contributions to Percent Change in Real Personal
Consumption Expenditures by Major Type of Product
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
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 services 1...
Personal consumption
expenditures excluding food
and energy...........................
Seasonally adjusted at annual rates
2008
II
I
Line
III
2007
2008
2007
IV
IV
2008
I
III
II
IV
Percent change at annual rate:
1
2.8
0.3
1.0
0.9
1.2
-3.8
-3.5
2
4.8
3
2.0
-4.4
-13.3
0.4
- 0.8
-4.3
-10.7
-2.8
-19.7
-14.8
-26.6
-22.4
-38.3
4
5
3.4
- 0.8
3.9
-3.6
1.8
4.8
-2.3
14.0
2.4
- 8.2
-4.6
-9.2
-16.8
2.5
1.9
4.7
-0.4
0.3
0.0
2.8
0.4
-3.2
-0.4
1.3
3.0
3.9
4.1
10.9
-7.1
-7.3
-13.3
-7.1
-13.8
-9.7
0.8
0.1
10.0
-1.7
- 2.0
3.2
-1.5
- 6.0
-5.2
-16.1
- 1.8
-6.4
-4.9
-23.7
-13.4
-12.4
-26.2
3.2
-3.6
-2.9
-12.5
0.3
6.2
0.2
25.8
24.5
43.1
-7.6
2.6
1.5
1.5
0.9
1.4
2.4
0.5
1.8
0.0
1.9
-1.5
1.8
1.2
- 0.6
2.5
0.5
3.9
0.7
1.7
-4.3
6
7
8
9
10
11
12
13
14
15
16
17
18
19
8.0
20
21
1.9
2.9
4.5
3.2
22
1.2
23
3.1
- 11.0
1.0
2.1
-3.0
3.5
-0.7
1.4
- 0.8
4.0
-0.4
- 0.8
7.4
- 2.1
1.7
4.9
-4.7
4.1
-0.1
0.7
- 8.2
-20.7
-2.3
2.5
-1.5
- 2.8
-0.9
-1.5
- 8.0
0.6
1.2
1.8
0.8
2.8
1.3
-0.3
1.0
12.7
28.9
2.2
- 6.8
2.2
0.2
0.3
1.5
-16.0
26.9
- 2.1
1.5
1.7
0.2
-3.7
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Personal consumption
expenditures..................
1
2.8
0.3
1.0
0.9
1.2
-3.8
-3.5
2
3
0.54
0.09
-0.46
-0.59
0.04
-0.04
-0.47
-0.49
-0.30
-0.90
-1.60
-1.15
-2.44
-1.64
4
5
0.34
0.11
0.14
- 0.02
0.16
-0.09
0.07
-0.05
0.55
0.06
-0.35
- 0.11
-0.38
-0.41
0.08
0.38
- 0.12
-0.11
0.18
0.11
1.13
0.56
0.39
-2.17
-1.04
-0.52
-2.13
-2.06
-0.37
-0.07
-0.07
-0.26
- 0.20
-0.05
-0.14
-0.28
- 0.20
-0.08
0.46
-0.63
-0.54
-0.09
0.10
0.02
-0.61
0.84
0.17
0.13
1.44
0.07
-0.04
0.01
0.12
0.16
-0.07
0.06
0.84
- 0.20
0.57
0.40
0.25
-0.24
-0.27
0.03
- 0.11
0.49
0.05
-0.05
-0.47
-0.53
0.07
-0.09
0.44
-0.06
0.03
1.05
0.03
0.67
0.59
0.07
-0.26
0.38
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 services 1....
Personal consumption
expenditures excluding food
and energy...........................
6
0.72
0.26
0.18
-0.14
- 0.01
8
7
0.02
9
0.03
10
11
12
0.00
0.02
-0.16
- 0.12
-0.04
0.25
0.02
13
14
15
16
17
18
19
1.53
0.88
0.14
0.22
0.10
0.00
0.01
- 0.12
0.10
0.11
0.91
0.80
20
21
0.04
0.06
0.07
0.50
0.18
0.45
-0.04
0.04
- 0.02
0.60
-0.03
0.20
-0.03
0.69
- 0.01
- 0.11
22
0.07
- 0.20
-0.05
-0.09
-0.55
-1.16
1.50
23
2.46
0.50
0.62
0.78
1.22
-1.62
-2.97
0.01
0.22
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Table 2.3.3. Real Personal Consumption Expenditures by Major
Type of Product, Quantity Indexes
Table 2.3.4. Price Indexes for Personal Consumption Expenditures by Major
Type of Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
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 services 1...
Personal consumption
expenditures excluding food
and energy...........................
I
II
Line
III
3
115.582
100.154
4 189.830
5 139.314
196.270
138.219
2007
2008
IV
1 122.456 122.804 123.130 123.395 123.770 122.572 121.478
2 143.908 137.639 144.856 143.284 142.273 136.695 128.302
114.513
111.313
105.357
97.517
86.428
193.857
140.796
194.714 201.210
139.967 140.804
196.934
139.174
192.223
132.929
6 122.872 122.325 123.261 123.147 124.317 122.035 119.802
Personal consumption
expenditures..................
Durable goods...........................
Motor vehicles and parts..........
Furniture and household
equipment...........................
Other.......................................
2007
2008
IV
I
II
III
IV
1 117.659
87.154
3 98.589
121.542
86.046
97.982
119.221
86.598
98.919
120.283
86.581
98.698
121.544 123.041 121.300
86.237
86.110
85.256
98.382
98.345
96.503
4
5
66.993
102.231
68.445
99.608
68.115
100.809
67.161
102.109
2
69.924
99.421
66.716
102.720
65.979
103.283
6 118.407 124.554 121.092 123.059 125.021 128.129 122.007
10 105.007 102.011 104.617 103.243 101.954 98.641 104.204
11 86.464 75.686 84.398 80.774 75.486 69.967 76.519
12 128.976 129.360 129.094 128.514 130.448 130.525 127.955
Nondurable goods.....................
Food........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Gasoline and oil...................
Fuel oil and coal...................
Other.......................................
10 184.642 214.525 204.938 216.917 228.625 249.711 162.847
11 192.322 250.364 213.849 235.889 270.125 278.348 217.096
12 111.013 113.258 111.638 112.598 113.027 113.325 114.084
13
14
15
16
17
18
19
Services.....................................
Housing...................................
Household operation................
Electricity and gas...............
Other household operation...
Transportation..........................
Medical care............................
13
14
15
16
17
18
19
7
120.038
119.981
120.924
121.315
122.534
120.232
115.841
8 138.677 139.186 138.806 139.821 143.488 138.462 134.971
9
20
21
103.438
118.259
116.420
107.959
105.447
109.760
102.731
129.317
124.880
115.218
99.737
120.006
117.470
107.953
103.822
111.053
102.078
133.816
123.957
116.877
102.901
119.020
116.839
108.696
105.540
110.980
102.969
130.943
125.365
115.638
101.329
119.739
116.978
109.183
107.453
110.404
103.408
132.522
123.860
116.814
99.664
23
124.197
124.963
124.921
125.225
96.137
101.817
119.937 119.916 120.433
117.469 117.687 117.744
108.001 105.716 108.912
104.375 98.502 104.959
110.677 111.261 111.870
102.628 102.026 100.250
133.451 134.285 135.005
124.263 123.801 123.901
116.714 116.768 117.212
22 104.223 101.258 103.913 103.532 101.388
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Seasonally adjusted
2008
125.703
97.073
103.039
125.048
123.874
Other.......................................
Addenda:
Energy goods and services 1....
Personal consumption
expenditures excluding food
and energy...........................
7
127.519
90.817
129.065
89.729
9 185.237 216.976 205.630 218.289 231.457 251.777
166.379
8
119.682
90.595
124.712
124.679
124.813
144.797
113.275
119.318
126.601
20 120.418
21 125.365
126.134
90.067
128.722
128.015
131.673
157.122
117.073
125.448
129.536
124.158
129.839
121.553
90.311
123.007
90.203
124.943
89.520
126.253 127.133 128.450
126.086 126.994 127.623
126.005 127.183 131.604
146.182 148.139 157.995
114.354 115.093 116.476
121.004 122.455 124.768
128.078 128.364 129.127
121.833 122.851 123.699
127.259 128.529 129.950
129.538 129.767
128.405 129.039
134.783 133.122
164.322 158.034
117.958 118.765
126.808 127.762
130.037 130.617
125.200 124.881
130.416 130.462
22 167.857 191.180 180.026 188.015 199.763 214.001 162.941
23
114.548
117.016
115.512
116.158
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
116.782
117.481
117.643
D-20
National Data
February 2009
Table 2.3.5. Personal Consumption Expenditures by Major
Type of Product
Table 2.3.6. Real Personal Consumption Expenditures by Major
Type of Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
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 services 1...
Personal consumption
expenditures excluding food
and energy..........................
1 9,710.2 10,058.5
2 1,082.8 1,022.7
3
440.4
379.6
Line
2008
I
II
III
9,892.7 10,002.3 10,138.0 10,163.5
1,083.0
437.8
1,071.0
424.7
1,059.3
400.6
1,016.2
370.7
9,930.2
944.4
322.4
Personal consumption
expenditures..................
Durable goods............................
Motor vehicles and parts.........
Furniture and household
equipment............................
Other.......................................
415.3
227.0
411.6
231.6
415.3
229.9
415.1
231.3
423.0
235.7
411.2
234.3
397.0
225.0
6
2,833.0
1,329.1
374.0
2,966.9
1,399.6
373.2
2,906.2
1,359.8
373.2
2,950.7
1,380.5
375.5
3,026.2
1,416.3
382.4
3,044.6
1,418.4
374.4
2,846.0
1,383.1
360.6
366.9
340.6
26.3
762.9
413.4
383.5
30.0
780.7
405.3
376.7
28.6
767.9
423.7
393.4
30.2
771.1
441.8
409.5
32.3
785.7
463.6
432.7
30.9
788.2
324.5
298.1
26.4
777.8
20
21
5,794.4
1,460.9
525.7
218.8
306.9
357.0
1,681.1
403.4
1,366.3
6,068.9
1,513.5
554.4
233.5
320.9
372.9
1,779.8
412.9
1,435.4
5,903.5
1,482.7
534.3
221.1
313.2
362.9
1,721.9
409.7
1,392.0
5,980.6
1,495.1
541.7
228.1
313.6
368.8
1,746.6
408.2
1,420.2
6,052.5
1,508.8
554.5
236.3
318.1
372.9
1,769.3
412.3
1,434.6
6,102.7
1,520.9
555.8
231.9
323.9
376.8
1,792.9
415.8
1,440.4
6,139.8
1,529.2
565.6
237.7
327.9
373.0
1,810.5
415.1
1,446.4
Services......................................
Housing....................................
Household operation................
Electricity and gas...............
Other household operation...
Transportation..........................
Medical care............................
Recreation...............................
Other.......................................
Residual......................................
22
585.7
646.9
626.4
651.8
678.1
695.6
562.2
Addenda:
Energy goods and services '....
Personal consumption
expenditures excluding food
and energy...........................
8
9
10
11
12
13
14
15
16
17
18
19
23
7,795.3
8 ,012.0
7,906.6
7,970.1
8,043.5
8,049.5
2008
IV
4
5
7
2007
7,984.9
Nondurable goods.....................
Food........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Gasoline and oil...................
Fuel oil and coal..................
Other.......................................
1
2
3
2007
2008
IV
I
II
III
IV
8,252.8
8,276.2
8,298.2
8,316.1
8,341.3
8,260.6
8,186.9
1,242.4
446.7
1,188.3
387.1
1,250.6
442.6
1,237.0
430.2
1,228.3
407.2
1,180.1
376.9
1,107.7
334.1
4
5
594.0
228.3
614.1
226.5
606.6
230.8
609.3
229.4
629.6
230.8
616.2
228.1
601.5
217.9
6
2,392.6
1,110.5
412.9
2,381.9
1,110.0
414.4
2,400.2
1,118.7
413.2
2,397.9
1,122.4
416.3
2,420.7
1,133.6
427.2
2,376.3
1,112.3
412.2
2,332.8
1,071.7
401.8
198.1
184.5
13.7
687.3
191.0
179.2
194.0
181.4
195.0
183.0
11.1
12.1
684.8
190.8
179.1
11.9
695.1
184.1
173.3
689.3
197.0
183.8
13.4
687.9
695.5
681.8
20
21
22
4,646.2
1,171.7
421.2
151.1
270.9
299.2
1,327.8
335.0
1,089.9
-70.7
4,714.8
1,182.3
421.1
148.8
274.1
297.3
1,374.0
332.5
1,105.6
-71.0
4,676.1
1,175.9
424.0
151.2
273.9
299.9
1,344.5
336.3
1,093.9
-74.4
4,704.3
1,177.3
425.9
154.0
272.5
301.2
1,360.8
332.3
1,105.0
-73.6
4,712.1
1,182.3
421.3
149.6
273.2
298.9
1,370.3
333.4
1,104.0
-84.9
4,711.3
1,184.5
412.4
141.2
274.6
297.2
1,378.9
332.1
1,104.6
-78.1
4,731.6
1,185.0
424.9
150.4
276.1
292.0
1,386.2
332.4
1,108.8
-47.9
23
348.9
339.0
347.9
346.6
339.4
325.0
345.0
24
6,805.3
6,847.2
6,845.0
6,861.6
6,887.8
6,851.9
6,787.6
7
8
9
10
11
12
13
14
15
16
17
18
19
12.0
12.8
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights
of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the differ
ence between the first line and the sum of the most detailed lines.
February 2009
Su r v e y
of
D-21
C u r r e n t B u s in e ss
3. Government Current Receipts and Expenditures
Table 3.1. Government Current Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
Line
1
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 persons and business
Subsidies...........................
Less: Wage accruals less disbursements...........................................
Social insurance funds......
Other.................................
?
3
4
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
?3
?4
25
26
71
28
2007
4,177.8
2,948.5
1,492.8
1,015.5
426.3
14.0
965.1
129.5
126.6
2.8
142.6
61.4
81.2
-7.9
4,396.7
2 ,212.0
1,721.3
1,685.0
1,681.4
3.6
36.3
411.1
246.0
165.1
52.3
0.0
-218.9
11.9
-230.8
2008
2007
2008
IV
I
4,218.1
2,973.7
1,520.5
1,027.7
407.7
17.9
975.3
131.3
128.4
2.9
144.5
62.1
82.5
-6.7
4,215.6
2,951.8
1,535.0
1,025.8
375.8
15.3
992.2
132.7
129.7
3.0
145.9
63.0
82.9
-7.1
4,049.9
2,779.2
1,346.1
1,039.4
378.9
14.8
995.4
135.6
132.7
2.9
147.4
63.6
83.7
-7.7
4,150.5
2,893.2
1,468.6
1,044.1
365.2
15.2
998.4
135.7
132.9
4,598.7
2,324.3
1,793.5
1,749.5
1,745.8
3.7
44.0
430.3
259.2
171.1
50.6
4,766.3
2,380.9
1,930.2
1,897.6
1,893.9
3.8
32.6
404.4
232.4
172.0
50.8
4,801.7
2,439.8
1,866.8
1,834.9
1,831.2
3.7
31.9
444.8
278.6
166.2
50.3
4,720.8
2,397.0
1,910.8
1,873.3
1,869.6
3.7
37.4
361.8
50.8
4,476.7
2,266.8
1,751.2
1,708.4
1,704.7
3.6
42.8
406.4
235.5
170.9
52.3
0.0
0.0
0.0
0.0
0.0
0.0
-383.1
-32.6
-258.6
11.7
-270.3
-651.2
-46.5
-604.8
-72.0
-385.3
-716.4
-14.2
-702.2
4,183.5
4,150.5
33.0
-851.3
1,462.0
1,036.7
15.2
995.2
135.7
132.7
3.1
147.8
63.3
84.4
- 8.1
4,721.9
2,385.5
1,875.3
1,838.8
1,835.1
3.7
36.5
410.3
III
II
2.2
IV
2.8
131.2
46.4
84.8
- 8.0
1,498.2
1,037.7
15.6
994.8
138.9
135.3
3.6
166.6
80.2
86.3
-9.5
51.3
Addenda:
Total receipts.................................................................................
Current receipts...........................................................................
Capital transfer receipts
30
31
32
4,209.3
4,177.8
31.6
33.4
4,250.6
4,218.1
32.5
4,249.8
4,215.6
34.3
Total expenditures.......
Current expenditures..
Gross government investment
Capital transfer payments
Net purchases of nonproduced assets........................................
Less: Consumption of fixed capital..............................................
33
34
35
36
37
38
39
4,608.7
4,396.7
462.8
28.8
9.7
289.4
4,996.7
4,721.9
497.7
102.3
-16.0
309.2
4,700.5
4,476.7
476.1
34.6
9.4
296.3
4,810.0
4,598.7
473.9
34.6
3.3
300.5
4,084.8
4,049.9
35.0
4,906.4
4,766.3
492.8
34.6
-81.6
305.7
-450.0
-560.2
-821.6
Net lending or net borrowing ( - ) ..................................................
-399.4
5,034.8
4,801.7
506.3
34.6
4.4
312.1
31.2
5,235.6
4,720.8
517.9
305.4
10.1
318.7
D-22
February 2009
National Data
Table 3.2. Federal Government Current Receipts and Expenditures
Table 3.3. State and Local Government Current Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Current receipts......................
Personal current taxes..................
Taxes on production and imports...
Excise taxes.............................
Customs duties.........................
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...............
Current transfer payments................
Government social benefits..........
To persons................................
To the rest of the world.............
Other current transfer payments....
Grants-in-aid to state and local
governments.........................
To the rest of the world (net).....
Interest payments.............................
Subsidies..........................................
Less: Wage accruals less
disbursements..............................
1 2,651.2
? 1,644.5
3 1,167.3
4
97.7
5
68.9
6
28.8
7
365.4
8
34.6
q
330.8
10
14.0
11
12
13
14
15
16
17
942.3
29.2
21.9
7.2
37.5
20.5
17.1
1,129.3
96.6
67.6
29.0
15.2
971.5
32.0
22.4
9.6
39.3
21.3
18.0
2,679.2
1,660.0
1,194.7
98.0
68.1
29.9
349.5
33.5
316.0
17.9
21.6
39.4
21.7
17.7
18
- 2.2
-0.5
- 0.8
2,880.5
856.1
1,666.7
1,254.2
1,250.6
3.6
412.5
3,094.7
931.1
1,807.6
1,383.0
1,379.3
3.7
424.6
2,915.6
871.6
1,692.5
1,270.1
1,266.5
3.6
422.4
23
24
25
26
27
28
30
31
376.3
36.3
312.6
147.5
165.1
45.2
388.1
36.5
308.2
47.8
379.6
42.8
306.4
135.5
170.9
45.1
III
2,672.5 2,478.8
1,634.9 1,436.0
1,201.2
999.8
96.9
95.8
66.8
67.5
29.4
29.0
324.4
322.5
32.9
28.5
289.6
296.0
15.3
14.8
7.9
38.2
20.7
17.5
19
20
21
22
II
968.9
29.9
21.7
952.3
29.5
Line
2008
I
8.2
971.8
31.7
21.9
9.8
40.0
22.0
18.0
2,592.1
1,563.0
1,139.7
94.7
66.1
28.6
313.4
31.6
281.7
15.2
974.5
32.4
22.4
10.1
22.4
4.3
18.1
970.6
33.9
23.6
10.3
55.6
37.4
18.2
- 0.1
-0.7
3,139.8
954.2
1,794.9
1,376.5
1,372.7
3.7
418.4
3,107.2
954.1
1,846.1
1,407.2
1,403.4
3.7
439.0
384.4
32.6
302.3
130.3
172.0
47.8
386.6
31.9
342.6
176.4
166.2
48.2
401.5
37.4
258.5
48.5
0.0
0.0
0.0
0.0
0.0
-38.2
-236.3
6.4
-242.7
-330.7
-3.2
-327.5
-649.6
-19.8
-629.8
-547.6
-52.1
-495.5
2,706.6
2,679.2
27.4
2,701.7
2,672.5
29.2
2,508.7
2,478.8
29.8
2,619.9
2,592.1
27.8
3,247.6 3,016.3
3,094.7 2,915.6
126.7
140.1
157.8
89.6
3,095.5
3,003.2
128.5
86.4
3,144.4
3,128.4
138.0
87.5
3,251.0 3,499.5
3,139.8 3,107.2
143.9
149.9
93.2
364.1
-1.7
-7.7
-92.6
- 6.6
-0.9
113.9
115.0
116.9
119.2
120.7
-393.8
-635.8
-631.0
32
0.0
33
34
35
-229.3
6.4
-235.7
36
37
38
2,677.7
2,651.2
26.5
Total expenditures......................
Current expenditures................
Gross government investment...
Capital transfer payments.........
Net purchases of nonproduced
assets...................................
Less: Consumption of fixed
capital..................................
39
40
41
42
2,973.1
2,880.5
123.2
82.4
43
-1.3
-27.0
44
111.8
118.0
Net lending or net borrowing (-)
45
-295.4
-309.6
0.0
Net Federal Government
Social insurance funds.....................
-77.7
Addenda:
Capital transfer receipts............
28.2
Personal current taxes..................
Income taxes............................
Other........................................
Taxes on production and imports...
Sales taxes...............................
Property taxes..........................
Other........................................
25.9
1 1,902.8
?
3
4
5
6
7
8
9
10
15.6
- 0.6
379.9
44.0
329.4
158.3
171.1
46.6
2008
2007
IV
Current receipts......................
1,176.4
99.1
70.2
29.0
3,003.2 3,128.4
898.0
918.2
1,729.2 1,860.1
1,305.3 1,443.1
1,301.7 1,439.4
3.7
3.8
417.0
423.9
-0.5
2007
IV
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..............................
11
12
13
14
15
16
17
18
19
1,304.1
325.4
298.3
27.1
917.8
436.5
390.9
90.3
60.9
22.8
100.3
84.6
2.8
12.8
481.3
376.3
40.9
64.1
1,918.4
1,313.7
332.7
325.8
305.3
298.4
27.5
27.5
940.1
929.7
435.0
439.8
404.6
398.3
100.5
91.5
58.2
23.7
103.7
87.6
3.1
13.1
496.5
388.1
42.0
66.5
22.9
101.8
85.9
2.9
13.0
485.9
379.6
41.3
65.0
2008
I
II
III
1,922.9
1,317.0
333.7
306.7
27.0
929.9
438.5
401.5
89.9
53.3
1,955.4
1,343.3
346.4
319.0
27.4
942.4
436.9
403.8
101.7
54.5
1,944.9
1,330.2
329.0
301.3
27.6
949.4
440.2
405.9
103.4
51.9
23.3
102.9
87.0
3.0
23.6
103.9
23.9
103.2
87.3
12.8
486.4
379.9
41.4
65.2
88.2
2.9
12.9
491.8
384.4
41.6
65.8
IV
321.8
294.0
27.8
938.6
424.5
407.1
107.0
13.1
495.4
386.6
42.1
24.2
105.0
87.8
3.6
13.6
512.5
401.5
42.8
66.8
68.2
2.8
-7.9
20
-5.7
-7.6
-5.9
- 6.6
-7.1
-8.9
21 1,892.4 2,015.3 1,940.7 1,975.3 2,022.3 2,048.5 2,015.2
22 1,355.9 1,454.4 1,395.2 1,426.3 1,462.7 1,485.7 1,443.0
23
24
25
430.8
98.5
7.1
455.8
438.3
458.4
100.0
102.1
3.0
7.3
444.2
100.9
4.0
454.5
102.1
3.0
102.2
2.2
26
0.0
0.0
0.0
0.0
0.0
0.0
0.0
27
28
10.4
5.5
4.9
5.6
-22.3
5.3
-27.6
-52.4
5.4
-57.8
-66.9
5.5
-72.4
-103.6
5.6
-109.2
5.7
Total receipts...............................
Current receipts........................
Capital transfer receipts............
30
31
32
1,961.5
1,902.8
58.7
1,979.8 2,013.5
1,922.9 1,955.4
56.9
58.1
2,008.7
1,944.9
63.8
Total expenditures......................
Current expenditures................
Gross government investment...
33 2,065.5 2,192.7 2,118.9 2,146.2 2,199.3
34 1,892.4 2,015.3 1,940.7 1,975.3 2,022.3
357.7
349.4
345.3
354.9
35
339.6
36
Net state and local
government saving.............
Social insurance funds......................
466.1
103.2
2.8
Addenda:
Net purchases of nonproduced
assets...................................
Less: Consumption of fixed
capital...................................
Net lending or net borrowing (-)
60.7
1,978.6
1,918.4
60.1
64.0
2,229.0 2,196.3
2,048.5 2,015.2
362.4
368.0
3/
11.0
11.0
11.2
11.1
11.0
11.0
11.0
38
177.6
191.3
182.4
185.5
188.8
192.9
197.9
39
-104.0
-140.3
-166.3
-185.8
-220.3
February 2009
Su r v e y
of
D-23
C u r r e n t B u sin ess
Table 3.9.1. Percent Change From Preceding Period in Real Government
Consumption Expenditures and Gross Investment
Table 3.9.2. Contributions to Percent Change in Real Government
Consumption Expenditures and Gross Investment
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Government consumption
expenditures and gross
investment.........................
Consumption expenditures 1
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.........
Seasonally adjusted at annual rates
2008
I
II
Line
III
2007
2008
IV
2007
IV
2008
I
II
III
IV
Percent change at annual rate:
1
2
2.1
2.9
0.8
2.8
3
4
5
1.9
3.0
3.8
1.7
3.7
1.5
7.9
0.5
2.3
3.1
6
1.6
6.0
7
1.7
9
7.4
5.1
11.9
18.0
10
11
12
0.2
10.8
2.5
7.1
8
13
14
15
16
17
18
19
1.2
2.6
1.6
12.8
0.6
- 0.2
- 0.2
0.2
13.6
27.5
-0.9
-1.4
3.0
94.8
12.2
^ .1
6.2
3.6
0.4
2.8
- 0.8
8.1
12.1
1.6
1.6
20
21
22
- 1.0
8.4
11.5
7.3
2.3
1.2
2.0
1.3
23
24
25
3.7
3.6
4.6
0.4
2.7
4.0
1.0
-0.5
- 1.2
4.7
42.0
- 1.1
0.8
6.7
1.5
0.9
4.7
1.9
3.2
-3.8
-9.4
7.3
13.4
9.5
20.7
5.8
6.6
6.0
3.6
29.4
16.5
31.8
4.9
-13.8
8.9
7.3
7.4
5.8
5.8
5.9
3.9
2.1
1.9
1.8
6.1
2.3
-0.9
5.7
8.1
13.8
13.5
15.7
50.1
5.8
4.3
16.0
27.8
13.8
10.2
2.1
-45.1
14.0
7.3
3.4
38.7
60.4
36.6
18.0
17.3
22.7
100.3
16.1
2.3
0.9
27.5
- 2.0
2.9
2.9
5.0
4.0
2.8
11.8
19.6
-3.0
-6.9
20.0
5.1
5.6
1.5
19.4
-4.7
14.5
9.0
56.8
28.1
69.8
-0.3
1.4
- 6.8
-9.1
4.5
2.5
1.3
-0.5
6.0
1.2
1.1
0.1
7.8
9.0
2.5
2.3
3.4
- 2.8
-2.9
- 2.6
- 2.6
1. Government consumption expenditures are sen/ices (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
Government consumption
expenditures and gross
investment.........................
Percentage points at annual
rates:
Consumption expenditures 1
Gross investment2.............
Structures.......................
Equipment and software
Federal..........................................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
National defense.......................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
Nondefense..............................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
State and local..............................
Consumption expenditures.........
Gross investment........................
Structures...............................
Equipment and software
1
2.1
2.9
0.8
1.9
3.9
5.8
1.9
2
1.56
0.52
0.41
2.30
0.63
0.16
0.47
0.40
0.41
0.35
0.06
2.60
-0.67
- 1.10
0.43
1.76
2.18
4.77
1.46
0.40
- 0.10
0.49
0.59
0.54
0.05
0.05
2.16
1.62
0.53
-0.18
-0.39
2.09
1.87
0.21
0.12
0.01
0.41
0.25
-0.04
0.22
- 0.11
2.38
1.15
1.23
0.61
0.56
0.05
0.03
1.74
1.33
0.41
0.08
0.33
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
0.11
- 0.22
-0.31
0.09
0.21
0.33
0.11
1.12
1.76
1.58
0.18
-0.19
0.36
1.81
0.75
1.06
0.14
0.92
4.33
3.63
0.70
0.24
0.46
0.55
0.52
0.03
0.09
-0.06
0.57
0.40
0.17
-0.03
0.59
0.56
0.88
0.02
0.72
0.08
-0.05
0.11
0.20
1.56
0.61
0.95
0.90
0.05
0.87
0.58
0.29
0.35
-0.05
-0.29
0.06
-0.35
-0.30
-0.05
0.42
0.29
0.13
0.05
0.08
0.04
-0.08
0.05
0.07
0.33
0.29
0.04
0.08
-0.03
1.48
0.77
1.02
0.68
0.10
0.99
0.80
0.19
0.09
-0.16
0.73
-0.89
-0.99
0.10
0.10
0.46
0.36
0.10
0.04
0.06
0.12
1.17
0.35
4.92
4.19
0.72
0.32
0.41
0.02
- 0.02
- 0.02
0.00
0.02
- 0.01
- 0.11
1.02
0.66
1.01
2.15
1.40
0.75
0.20
0.55
1.60
0.61
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
Table 3.9.3. Real Government Consumption Expenditures and
Gross Investment, Quantity Indexes
Table 3.9.4. Price Indexes for Government Consumption Expenditures and
Gross Investment
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
Government consumption
expenditures and gross
investment.........................
Consumption expenditures 1
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.........
Seasonally adjusted
2008
I
II
Line
III
1 116.871 120.293 117.879 118.443 119.594 121.288 121.847
2 116.177 119.398 117.054 117.969 118.584 120.256 120.784
3 120.192 124.630 121.846
4 107.222 108.786 108.862
5 146.140 157.681 147.731
6 130.078 137.819 131.610
7 127.744 134.273 129.032
8 147.570 165.094 151.035
9 97.565 115.133 108.340
10 158.877 176.035 160.179
120.662
106.217
150.355
133.488
130.915
152.854
104.397
163.622
126.317 127.026
110.258 110.019
159.804 162.956
140.080 142.080
136.324 137.781
169.051 175.456
120.041 127.639
179.636 185.553
148.643 149.426
143.533 144.355
189.622 190.044
147.324 156.557
193.933 192.954
166.030
110.037
172.794
121.469
120.061
132.081
100.780
145.551
122.949
121.235
135.821
98.994
152.354
124.473
122.897
136.325
103.471
150.519
128.755
125.569
152.543
110.076
171.815
Nondefense..............................
Consumption expenditures.....
Gross investment....................
Structures..........................
Equipment and software.....
21 110.167
22 109.828
23 111.471
24 107.965
25 128.636
110.844
110.874
110.632
106.396
132.115
111.517 111.891
111.201 111.509
112.741 113.391
108.713 109.616
132.924 132.051
111.760
111.544
112.588
108.826
131.196
State and local.............................
Consumption expenditures.........
Gross investment.......................
Structures...............................
Equipment and software
110.914
110.478
112.612
108.950
130.667
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
Government consumption
expenditures and gross
investment.........................
Consumption expenditures 1
Gross investment2.............
Structures.......................
Equipment and software
Federal..........................................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
13 159.765 181.467 163.647
14 105.467 134.439 127.851
15 166.336 186.623 167.228
16 120.127 124.412 120.614
17 119.048 122.440 119.214
18 128.357 139.192 131.166
19 92.648 103.330 96.374
20 144.470 155.060 146.668
111.503
111.282
112.338
108.388
132.071
2008
2007
IV
124.513
108.649
157.610
135.628
132.071
163.015
108.456
175.330
142.621
137.921
180.174
123.836
186.813
11 135.596 145.204 137.694 140.125
12 132.457 140.646 134.343 136.773
2007
IV
National defense.......................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
2008
I
II
III
IV
1 132.941 139.227 135.174 137.237 139.588 141.107 138.973
2 134.359 140.996 136.669 139.047 141.695 143.184 140.058
3 126.461 131.141
4 147.467 155.121
5 97.122 98.130
6 130.076 134.283
7 134.215 138.876
8 105.078 106.743
9 141.487 146.071
10 99.751 101.028
11 131.874 136.557
12 136.220 141.339
13 105.255 107.443
14 143.122 146.118
15 102.270 104.387
128.346 128.990 130.006 131.654 133.914
150.761 151.825 153.179 155.763 159.719
97.247 97.371
97.956 98.469 98.722
131.070 132.879 134.553 135.447 134.255
135.294 137.386 139.241 140.187 138.691
105.586 105.838 106.520 107.124 107.490
143.406 144.468 144.946 146.208 148.662
100.079 100.223 100.926 101.441 101.523
133.237
137.704
105.920
144.374
102.891
134.905
139.603
106.296
145.342
103.220
136.967
141.872
107.217
145.282
104.211
138.004
142.967
107.925
145.635
104.948
136.352
140.914
108.337
148.214
105.169
16
17
18
19
126.886
130.637
104.753
143.087
93.557
128.986
133.128
104.758
144.225
93.278
129.868
134.139
104.948
145.078
93.299
130.465
134.776
105.326
147.069
93.269
130.229
134.439
105.592
149.423
93.011
126.636
130.378
104.556
140.686
20 93.892
129.887
134.121
105.156
146.449
93.214
21 134.671 142.211 137.649 139.866 142.632 144.540 141.807
22 134.517 142.412 137.612 140.173 143.333 145.179 140.964
23 135.383 141.486 137.896 138.722 139.890 142.050 145.281
24 147.857 155.735 151.244 152.308 153.727 156.413 160.493
25 92.969 93.535 92.756 92.846 93.232 93.744 94.319
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
D-24
National Data
February 2009
Table 3.9.5. Government Consumption Expenditures and
Gross Investment
Table 3.9.6. Real Government Consumption Expenditures and
Gross Investment, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Government consumption
expenditures and gross
investment.........................
Consumption expenditures 1
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..........
Line
2008
I
II
III
462.8
299.4
163.5
497.7
319.5
178.3
476.1
310.7
165.5
473.9
305.2
168.6
492.8
315.0
177.8
6
979.3
856.1
123.2
18.4
104.9
1,071.2
931.1
140.1
22.4
117.7
998.3
871.6
126.7
1,026.5
898.0
128.5
20.6
20.0
106.1
108.5
1,056.1
918.2
138.0
20.9
117.1
662.2
580.1
82.1
7.5
74.6
734.3
639.1
95.2
9.8
85.4
679.3
594.7
84.6
9.2
75.4
699.9
613.8
16
17
18
19
317.1
276.0
41.1
10.9
30.3
336.9
292.0
44.9
23
24
25
339.6
281.0
58.6
357.7
297.1
60.6
7
8
9
10
11
12
13
14
15
506.3
325.1
181.3
1,096.0
954.2
143.9
23.3
517.9
332.6
185.3
7.9
78.2
723.3
629.0
94.3
8.9
85.4
759.5
659.6
99.9
10.7
89.2
1,103.9
954.1
149.9
25.2
124.7
754.4
653.9
100.5
11.5
89.0
319.0
276.9
42.1
11.5
30.6
326.6
284.2
42.4
332.9
289.2
43.7
338.5
294.5
44.0
12.7
31.3
349.6
300.2
49.4
13.7
35.7
349.4
290.0
59.4
345.3
285.2
60.1
362.4
301.8
60.7
368.0
307.4
60.7
86.1
120.6
12.1
12.6
12.0
32.3
31.7
20
30.3
21 1,695.5 1,812.1 1,744.6 1,771.6 1,817.6 1,848.1 1,811.0
22 1,355.9 1,454.4 1,395.2 1,426.3 1,462.7 1,485.7 1,443.0
354.9
294.1
60.7
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
2008
2007
IV
IV
1 2,674.8 2,883.2 2,742.9 2,798.1 2,873.7 2,946.1 2,914.9
2 2 ,212.0 2,385.5 2,266.8 2,324.3 2,380.9 2,439.8 2,397.0
3
4
5
2007
Government consumption
expenditures and gross
investment.........................
Consumption expenditures 1
Gross investment2.............
Structures.......................
Equipment and software
Federal..........................................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
Nondefense..............................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
National defense.......................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
State and local..............................
Consumption expenditures.........
Gross investment........................
Structures...............................
Equipment and software.........
Residual.........................................
2008
I
II
III
1 2,012.1 2,071.0 2,029.4 2,039.1 2,058.9 2,088.1
2 1,646.3 1,692.0 1,658.8 1,671.7 1,680.4 1,704.1
3
4
5
366.0
203.0
168.3
379.5
206.0
181.6
371.0
206.1
170.2
367.4
6
752.9
637.8
117.3
13.0
105.1
797.7
670.4
131.2
15.3
116.5
761.7
644.3
502.1
425.8
78.0
5.2
72.9
537.7
452.2
16
17
18
19
250.4
211.7
39.3
7.7
32.3
259.4
217.7
42.7
23
24
25
26
250.9
190.1
63.1
-4.7
252.8
190.8
64.7
-7.4
7
8
9
10
11
12
13
14
15
88.6
6.7
81.8
IV
2,097.7
1,711.6
386.8
208.3
187.7
173.2
379.2
205.7
181.5
384.7
208.7
184.1
785.0
659.5
129.5
14.4
116.0
810.8
680.7
134.3
16.0
118.9
822.3
14.4
106.0
772.6
653.7
121.5
13.9
108.3
509.9
431.9
79.9
6.4
73.3
518.9
439.7
81.0
5.5
75.8
528.1
443.4
87.9
81.9
550.4
461.5
92.6
7.3
85.0
553.3
464.1
92.8
7.8
84.6
251.5
253.2
213.5
40.5
8.4
32.5
256.3
215.6
41.6
259.5
218.5
41.8
268.4
223.3
46.8
9.2
38.4
249.0
187.3
64.8
- 6.0
253.7
191.4
65.2
-7.6
120.0
212.0
40.2
201.1
6.2
688.0
139.4
17.0
122.8
8.6
8.0
8.2
8.6
32.7
20
34.6
34.0
33.6
21 1,259.0 1,274.3 1,267.5 1,266.7 1,274.4 1,278.7 1,277.2
22 1,008.0 1,021.3 1,013.9 1,017.6 1,020.6 1,023.4 1,023.7
253.4
191.8
64.0
-4.6
255.2
193.0
64.7
-7.5
253.4
191.6
64.3
-9.3
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
N o t e . Chained (2 0 0 0 ) dollar series are calculated as the product of the chain-type quantity index and the 20 0 0 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the
difference between the first line and the sum of the most detailed lines.
February 2009
Su r v e y
of
D-25
C u r r 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
[Percent]
Seasonally adjusted at annual rates
Line
2007
2007
2008
2008
IV
Government consumption expenditures 1..........................................................................
Gross output of general government...................................................................................
Value added....................................................................................................................
Compensation of general government employees
Consumption of general government fixed capital2
Intermediate goods and services purchased 3
Durable goods.........................................
Nondurable goods...................................
Services...................................................
Less: Own-account investment4 ......................
Sales to other sectors.............................................................................................
1
2
3
4
5
6
7
8
9
10
11
12
Federal consumption expenditures 1.....
Gross output of general government
Value added..............................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods............
Nondurable goods......
Services.....................
Less: Own-account investment4
Sales to other sectors
20
21
22
Defense consumption expenditures 1.....................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital 2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods......
Services....................
Less: Own-account investment4
Sales to other sectors
23
24
2b
26
2/
28
29
30
31
32
33
Nondefense consumption expenditures 1...............................................................................
Gross output of general government...................
Value added.....................................................
Compensation of general government employees
Consumption of general government fixed capital2
Intermediate goods and services purchased 3..
Durable goods..............................................
Nondurable goods........................................
Commodity Credit Corporation inventory change........................................................
Other nondurable goods
Services....................
Less: Own-account investment4
Sales to other sectors
34
35
36
37
38
39
40
41
42
43
44
45
46
State and local consumption expenditures 1..................................................................................
Gross output of general government...................
Value added.....................................................
Compensation of general government employees
Consumption of general government fixed capital2
Intermediate goods and services purchased 3.
Durable goods..............................................
Nondurable goods........................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
Tuition and related educational charges..................................................................
Health and hospital charges....................................................................................
Other sales.............................................................................................................
47
48
49
50
51
52
53
54
55
56
57
58
59
60
13
14
15
16
1/
18
19
1.9
1.9
1.3
1.0
2.8
2.6
2.1
2.0
I
3.2
2.9
1.6
2.2
2.2
2.6
2.5
3.5
3.1
3.3
9.6
1.7
3.3
-0.7
1.8
1.6
1.4
2.7
- 1.6
4.0
-4.1
- 1.1
0.7
- 0.8
1.7
5.1
4.9
3.7
3.8
3.3
6.4
14.6
2.4
5.9
- 6.2
-9.2
-1.2
- 2.1
1.4
0.9
3.0
- 6.2
5.1
-30.6
-3.6
- 11.2
-58.4
-1.4
-2.5
2.8
6.2
5.9
3.7
3.9
3.2
8.4
15.2
- 0.6
4.9
-4.5
7.4
-8.4
-27.7
3.1
2.8
6.2
2.8
1.6
0.7
0.0
3.5
2.7
7.8
0.9
2.3
-4.1
-1.4
2.6
2.6
0.5
-0.4
3.1
5.2
8.5
-0.2
-0.4
1.3
8.2
II
0.5
0.3
1.2
0.7
2.8
-6.5
4.6
-49.1
- 1.8
-4.8
-80.4
3.9
6.8
2.1
4.4
- 10.2
2.1
2.4
2.2
3.5
1.5
10.3
2.0
0.5
4.1
2.1
1.6
6.0
5.7
3.7
4.0
2.7
3.6
3.6
4.3
4.6
3.6
2.7
15.7
6.4
0.5
-7.3
8.1
10.8
9.3
7.6
-10.4
-14.4
7.4
7.0
3.1
3.3
2.6
11.6
11.5
12.3
IV
III
2.1
11.2
3.4
3.4
4.0
4.2
3.5
2.7
16.5
10.1
5.8
5.3
3.0
2.9
3.6
1.8
1.7
2.3
2.1
3.9
8.8
0.6
13.3
4.4
10.5
3.1
3.3
-0.7
0.4
1.0
2.8
13.5
13.7
6.9
7.6
4.3
22.4
20.8
23.1
22.6
4.2
47.1
17.3
17.1
8.6
10.1
4.1
26.9
21.2
1.0
4.3
3.9
6.8
7.3
4.8
0.6
4.2
14.4
-1.7
-11.3
-32.0
2.3
2.3
7.1
7.8
4.7
- 2.6
3.2
19.3
-5.8
- 6.6
5.9
-0.4
- 10.1
12.3
26.3
28.1
-7.3
-4.1
1.9
4.0
4.0
4.9
5.2
3.7
2.5
5.2
5.6
6.7
3.7
3.5
4.8
11.4
15.4
6.5
5.0
9.4
18.5
11.6
-12.7
-39.2
4.6
2.8
2.9
3.7
3.7
3.7
- 2.8
0.9
7.9
-0.8
- 1.1
1.7
1.4
3.5
-5.3
10.7
- 1.8
-3.1
-3.8
-8.9
2.9
0.5
-4.5
9.4
6.3
-7.7
-15.9
-13.7
5.1
-1.4
- 8.6
10.5
6.4
2.7
-5.1
10.5
- 12.0
9.8
13.7
94.3
5.9
9.4
-14.7
-49.2
2.0
1.3
1.4
1.5
1.3
2.9
1.4
1.9
1.6
1.4
1.5
1.2
1.3
1.6
1.6
1.1
1.3
1.4
0.1
0.5
0.4
1.4
2.5
1.4
1.3
3.5
1.1
0.0
3.1
3.3
1.1
1.6
1.2
1.0
0.6
1.2
1.2
0.2
0.4
2.9
1.9
0.6
2.0
1.6
1.4
2.7
2.8
3.6
3.2
2.6
1.6
1.6
1.2
1.6
1.7
1.5
2.6
1.4
2.4
1.9
1.0
2.9
2.9
4.9
5.4
2.8
- 0.2
0.6
0.9
1.7
- 10.1
2.5
1.1
0.5
1.9
1.5
3.4
1.3
0.5
1.5
3.0
2.0
2.0
1.8
2.0
2.0
1.3
3.6
5.4
1.9
0.8
2.1
1.2
0.4
6.5
1.4
2.0
2.0
0.2
2.0
2.0
2.0
1.9
9.0
7.5
6.2
2.0
2.0
1.6
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
D-26
National Data
February 2009
Table 3.10.3. Real Government Consumption Expenditures and
General Government Gross Output, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
Government consumption expenditures 1..........................................................................
Gross output of general government...................................................................................
Value added.....................................................................................................................
Compensation of general government employees......................................................
Consumption of general government fixed capital2....................................................
Intermediate goods and services purchased 3................................................................
Durable goods............................................................................................................
Nondurable goods......................................................................................................
Services.......................................................................................................................
Less: Own-account investment4 .........................................................................................
Sales to other sectors..............................................................................................
1
2
3
4
b
6
7
8
9
10
11
12
116.177
115.637
108.403
106.483
2008
I
II
III
IV
129.172
135.247
120.430
131.716
113.472
112.458
119.398
118.629
110.731
108.593
123.899
133.389
148.222
122.445
136.102
112.661
114.290
117.054
116.456
109.058
107.042
121.472
130.303
140.611
120.457
132.919
114.684
112.880
117.969
117.287
109.661
107.616
122.253
131.557
142.939
121.092
134.350
111.647
113.481
118.584
117.886
110.322
108.212
123.318
132.046
146.498
121.689
134.503
112.764
113.938
120.256
119.425
111.147
108.994
124.411
134.873
151.148
123.003
137.895
113.053
114.728
120.784
119.917
111.792
109.550
125.613
135.081
152.304
123.995
137.659
113.179
115.014
134.273
133.505
111.670
109.827
118.933
171.334
177.346
161.420
172.428
101.418
90.768
129.032
128.384
108.402
106.369
116.413
162.891
163.740
150.643
165.006
105.986
90.211
130.915
130.172
109.403
107.428
117.186
166.109
167.994
154.043
168.068
103.115
86.760
132.071
131.323
110.570
108.630
118.214
167.205
174.220
156.448
168.282
101.174
89.103
136.324
135.610
112.424
110.638
119.463
175.885
182.639
164.778
177.064
102.208
98.121
137.781
136.914
114.283
112.613
120.870
176.138
184.531
170.412
176.297
99.176
89.089
120.211
Federal consumption expenditures 1...............................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods............................................................................................................
Services...........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
20
21
22
127.744
127.251
107.655
105.768
115.096
161.051
154.736
157.686
162.834
108.130
99.992
Defense consumption expenditures 1.....................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods..................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
23
24
2b
26
2/
28
29
30
31
32
33
132.457
132.615
107.989
107.247
111.333
174.466
151.923
145.268
183.437
134.069
158.862
140.646
140.430
112.037
111.453
114.900
189.034
174.946
144.441
198.506
122.783
114.878
134.343
134.289
108.747
107.873
112.518
177.813
161.068
132.219
188.019
131.345
127.489
136.773
136.595
109.583
108.743
113.253
182.777
165.524
136.110
193.245
126.970
112.586
137.921
137.740
110.665
109.860
114.231
184.007
171.966
139.410
193.068
123.628
115.894
143.533
143.284
112.975
112.532
115.390
195.318
180.427
147.789
205.389
121.296
114.687
144.355
144.101
114.924
114.678
116.725
194.032
181.868
154.456
202.324
119.239
116.344
Nondefense consumption expenditures 1...............................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2 ........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods..................................................................................................................
119.048
117.634
107.103
103.588
125.857
136.156
191.432
122.440
121.016
111.060
107.416
130.493
138.390
206.634
119.214
117.776
107.832
104.149
127.566
135.177
197.895
120.061
118.612
109.139
105.523
128.451
135.112
198.811
121.235
119.775
110.463
106.867
129.623
135.958
201.337
122.897
121.732
111.472
107.788
131.139
139.666
208.662
125.569
123.944
113.165
109.487
132.757
142.824
217.724
Other nondurable goods..............................................................................................
Services...........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
34
3b
36
37
38
39
40
41
4?
43
44
45
46
191.742
129.393
94.236
74.060
197.235
130.100
90.038
81.027
194.955
127.656
92.406
74.232
197.377
127.203
90.355
76.115
200.452
128.050
89.184
78.044
194.159
131.091
92.103
92.144
196.951
134.055
88.510
77.805
State and local consumption expenditures 1..................................................................................
Gross output of general government.......................................................................................
Value added.........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods..................................................................................................................
Nondurable goods............................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
Tuition and related educational charges..................................................................
Health and hospital charges....................................................................................
Other sales..............................................................................................................
47
48
49
50
b1
b2
53
54
55
56
57
58
59
60
109.828
110.470
108.732
106.797
125.143
113.735
112.493
115.011
113.163
114.845
112.849
105.994
109.117
123.990
111.282
112.042
110.315
108.138
128.727
115.294
114.639
116.804
114.542
115.382
114.986
107.534
111.312
126.521
110.478
111.146
109.346
107.338
126.363
114.528
113.720
116.024
113.797
116.828
113.553
106.200
109.932
124.927
110.874
111.560
109.773
107.722
127.154
114.918
113.888
116.279
114.288
113.749
114.265
106.732
110.481
126.045
111.201
111.920
111.509
112.274
110.581
108.376
129.227
115.466
114.930
116.976
114.703
115.687
115.235
107.801
111.589
126.711
111.544
112.413
110.694
108.376
130.269
115.652
115.270
117.334
114.772
116.525
115.775
108.340
112.146
127.220
13
14
15
16
1/
18
19
110.210
108.078
128.257
115.142
114.468
116.628
114.404
115.566
114.670
107.264
111.033
126.109
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
February 2009
Su r v e y
of
D-27
C u r r e n t B u sin ess
Table 3.10.4. Price Indexes for Government Consumption Expenditures and
General Government Gross Output
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
Government consumption expenditures 1..........................................................................
Gross output of general government...................................................................................
Value added....................................................................................................................
Compensation of general government employees......................................................
Consumption of general government fixed capital2....................................................
Intermediate goods and services purchased 3................................................................
Durable goods...................
Nondurable goods.............
Services.............................
Less: Own-account investment4
Sales to other sectors....
1
2
3
4
5
6
7
8
9
10
11
12
2008
I
II
III
IV
134.359
134.197
136.547
139.519
120.682
130.138
107.355
148.731
126.514
129.105
133.553
140.996
140.648
141.253
144.248
125.221
139.211
108.944
171.924
131.799
134.219
138.912
136.669
136.510
138.142
141.108
122.286
133.528
107.470
158.706
128.109
130.793
135.929
139.047
138.733
139.658
142.722
123.312
136.809
107.837
169.221
129.367
132.347
137.206
141.695
141.173
140.764
143.833
124.385
141.248
108.460
182.830
131.262
133.874
138.369
143.184
142.656
141.853
144.830
125.901
143.315
109.362
185.953
133.120
135.514
139.797
140.058
140.031
142.738
145.607
127.285
135.470
110.115
149.692
133.445
135.141
140.276
134.215
134.117
142.629
153.196
112.290
123.265
104.642
139.217
123.877
135.161
123.360
138.876
138.762
146.508
157.572
114.796
128.689
105.084
158.415
128.453
138.829
126.755
135.294
135.197
143.022
153.405
113.157
125.078
104.345
148.996
125.043
135.524
124.884
137.386
137.278
145.621
156.846
113.502
126.576
104.337
154.817
126.276
137.738
125.743
139.241
139.123
146.562
157.787
114.427
129.368
104.850
170.131
127.973
138.791
126.775
140.187
140.064
146.879
157.783
115.586
130.958
105.348
171.892
129.715
139.444
127.437
138.691
138.584
146.968
157.874
115.668
127.855
105.801
136.821
129.847
139.342
127.067
Federal consumption expenditures 1.....
Gross output of general government
Value added..............................
Compensation of general government employees...........................................................
Consumption of general government fixed capital 2........................................................
Intermediate goods and services purchased 3
Durable goods........................
Nondurable goods..................
Services..........................................................................................................................
Less: Own-account investment4.............................................................................................
Sales to other sectors.................................................................................................
20
21
22
Defense consumption expenditures 1
Gross output of general government
Value added..............................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2 ........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods........................
Nondurable goods..................
Services.................................
Less: Own-account investment4....
Sales to other sectors.................................................................................................
Nondefense consumption expenditures 1...............................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods...............................................
Nondurable goods.........................................
Commodity Credit Corporation inventory change
Other nondurable goods..................................................
Services.....................
Less: Own-account investment4
Sales to other sectois
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
136.220
136.200
146.218
159.639
114.249
124.212
106.301
156.573
124.706
137.008
132.067
141.339
141.317
150.658
164.636
117.393
129.907
107.023
187.525
129.297
141.133
137.359
137.704
137.682
147.018
160.322
115.297
126.338
106.067
172.884
126.045
137.219
133.879
139.603
139.582
149.545
163.763
115.762
127.603
106.142
180.365
127.053
139.726
135.565
141.872
141.847
150.754
164.975
116.945
130.834
106.740
209.218
128.757
141.220
137.537
142.967
142.939
151.126
164.854
118.414
132.582
107.299
212.474
130.624
141.900
138.448
140.914
140.900
151.207
164.952
118.453
128.609
107.910
148.043
130.754
141.686
137.887
130.378
130.200
136.397
143.439
107.265
121.314
87.379
134.121
133.913
139.306
146.874
108.180
126.110
84.876
130.637
130.479
136.086
142.928
107.681
122.386
86.423
133.128
132.929
138.809
146.369
107.725
124.457
85.568
134.139
133.929
139.289
146.901
108.007
126.169
85.170
134.776
134.564
139.510
147.074
108.400
127.367
85.007
134.439
134.231
139.614
147.153
108.587
126.447
83.761
121.338
122.569
133.568
117.891
129.483
127.145
136.881
120.032
124.497
123.343
134.044
119.188
128.643
125.119
136.032
119.503
130.852
126.810
136.750
119.951
131.553
128.255
137.382
120.466
126.884
128.396
137.361
120.209
State and local consumption expenditures 1..................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2 ........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods
Services..........
Less: Own-account investment4.............................................................................................
Sales to other sectors
Tuition and related educational charges..................................................................
Health and hospital charges....................................................................................
Other sales.............................................................................................................
47
48
49
50
51
52
53
54
55
56
57
58
59
60
134.517
134.287
134.010
134.707
128.103
134.810
111.263
150.480
128.737
127.627
133.804
162.313
130.111
122.004
142.412
141.662
139.063
139.560
134.444
146.382
114.841
174.440
134.643
133.021
139.212
172.433
133.791
127.109
137.612
137.230
136.102
136.771
130.359
139.295
112.062
160.480
130.707
129.581
136.203
166.002
132.143
124.167
140.173
139.527
137.167
137.751
131.989
143.815
113.079
171.909
131.986
131.002
137.490
168.651
132.719
125.647
143.333
142.275
138.343
138.921
133.193
149.406
113.893
185.162
134.054
132.618
138.655
171.447
133.537
126.388
145.179
144.043
139.758
140.271
135.026
151.812
115.538
188.561
136.015
134.443
140.102
173.773
134.417
128.096
140.964
140.805
140.985
141.296
137.569
140.495
116.853
152.126
136.517
134.020
140.602
175.861
134.490
128.306
13
14
15
16
17
18
19
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
D-28
National Data
February 2009
Table 3.10.5. Government Consumption Expenditures and General
Government Gross Output
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
I
IV
Government consumption expenditures 1..........................................................................
Gross output of general government...................................................................................
Value added....................................................................................................................
Compensation of general government employees......................................................
Consumption of general government fixed capital2....................................................
Intermediate goods and services purchased 3................................................................
Durable goods
Nondurable goods
Services......
Less: Own-account investment4 .........................................................
Sales to other sectors..............................................................
1
2
3
4
5
6
7
8
9
10
11
12
2,212.0
2,579.7
1,583.2
1,341.8
241.4
996.5
64.0
260.3
672.2
26.5
341.2
2,385.5
2,773.5
1,673.0
1,414.8
258.2
1,100.5
71.2
305.7
723.6
27.4
360.7
2,266.8
2,642.5
1,611.3
1,364.2
247.1
1,031.2
856.1
869.0
484.2
378.8
105.5
384.7
38.9
41.5
304.3
4.7
III
II
2,324.3
2,704.7
1,638.0
1,387.2
250.8
1,066.7
IV
2,439.8
2,831.9
1,686.3
1,425.7
260.6
1,145.6
72.9
332.3
740.4
27.7
364.3
2,397.0
2,791.2
1,706.7
1,440.7
266.0
1,084.5
73.9
269.7
740.9
27.7
366.5
66.6
68.0
277.7
27.1
348.6
297.7
701.0
26.7
353.7
2,380.9
2,766.3
1,661.0
1,405.8
255.2
1,105.4
70.1
323.2
712.1
27.3
358.1
931.1
943.3
516.0
404.6
111.4
427.3
44.8
48.3
334.2
4.6
7.6
871.6
883.7
488.9
381.4
107.5
394.8
41.1
42.5
311.2
4.6
7.5
898.0
909.8
502.4
393.9
108.5
407.4
42.1
45.1
320.1
4.6
7.2
918.2
930.2
511.1
400.7
110.4
419.1
43.9
50.4
324.8
4.5
7.5
954.2
967.0
520.7
408.1
112.7
446.3
46.2
53.6
346.4
4.6
8.3
954.1
966.0
529.7
415.6
114.1
436.3
46.9
44.1
345.3
4.5
7.5
639.1
644.1
336.2
255.0
81.2
307.9
41.7
28.2
238.0
594.7
600.0
318.4
240.3
78.1
281.6
38.0
23.9
219.7
613.8
618.8
326.4
247.4
79.0
292.4
39.1
25.7
227.6
629.0
634.1
332.3
251.8
80.5
301.8
40.9
30.5
230.4
659.6
664.7
340.0
257.8
82.3
324.6
43.1
32.8
248.7
2.0
686.8
Federal consumption expenditures 1
Gross output of general government.......................................................
Value added
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3 ....................................................................
Durable goods........................
Nondurable goods..................
Services.................................
Less: Own-account investment4 ....
Sales to other sectors.......
20
21
22
Defense consumption expenditures 1
Gross output of general government
Value added...............................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.........................
Nondurable goods..................
Services.................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
23
24
25
26
27
28
29
30
31
32
33
580.1
586.3
314.5
237.9
76.6
271.8
36.0
23.7
2.0
2.0
2.0
2.0
4.1
3.1
3.3
3.0
3.1
3.1
653.9
658.9
346.1
262.8
83.3
312.8
43.7
23.9
245.2
1.9
3.1
Nondefense consumption expenditures 1...............................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods..................................................................................................................
Nondurable goods .....
Commodity Credit Corporation inventory change........................................................
Other nondurable goods
Services......................
Less: Own-account investment4
Sales to other sectors
34
35
36
37
38
39
40
41
42
43
44
45
46
276.0
282.7
169.7
140.9
28.9
113.0
2.9
17.8
- 0.1
17.9
92.2
292.0
299.2
179.8
149.6
30.2
119.4
3.1
276.9
283.7
170.5
141.1
29.4
113.2
3.0
18.6
- 0.1
18.6
91.6
284.2
291.0
176.0
146.4
29.6
115.0
3.0
19.5
289.2
296.1
178.8
148.9
29.9
117.3
3.0
19.9
-0.3
294.5
302.4
180.7
150.3
30.4
121.7
3.1
300.2
307.1
183.6
152.8
30.8
123.5
3.2
20.8
1.2
20.2
1.0
20.1
100.1
2.6
4.1
4.5
4.1
4.2
4.4
19.6
97.8
2.7
5.2
State and local consumption expenditures 1..................................................................................
Gross output of general government.......................................................................................
Value added..........................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3
Durable goods....................................
Nondurable goods..............................
Services.............................................
Less: Own-account investment4 ...............
Sales to other sectors....................
Tuition and related educational charges
Health and hospital charges....................................................................................
Other sales.............................................................................................................
47
48
49
50
51
52
53
54
55
56
57
58
59
60
1,355.9
1,710.7
1,099.0
963.1
135.9
611.7
25.1
218.7
367.9
1,454.4
1,830.3
1,157.0
1,010.3
146.7
673.3
26.4
257.4
389.4
1,395.2
1,758.8
1,122.4
982.8
139.6
636.4
25.6
235.3
375.6
22.5
341.1
78.1
153.3
109.7
1,426.3
1,794.9
1,135.6
993.3
142.3
659.3
25.8
252.6
380.9
1,462.7
1,836.2
1,149.9
1,005.1
144.8
686.3
26.2
272.8
387.3
1,485.7
1,864.8
1,165.6
1,017.6
147.9
699.3
26.6
278.7
393.9
23.1
356.1
83.0
158.3
114.8
1,443.0
1,825.2
1,177.0
1,025.1
151.9
648.2
27.0
225.5
395.6
23.2
359.0
84.4
159.1
115.5
13
14
15
16
17
18
19
8.2
212.1
2.1
2.6
20.1
0.5
19.6
96.2
2.6
21.8
22.8
333.0
76.2
149.8
107.0
353.1
82.2
157.1
113.8
2.6
0.0
19.5
92.5
2.6
94.4
2.6
22.1
22.8
346.5
79.8
154.7
350.7
81.5
156.4
112.7
112.0
19.2
4.4
1. Government consumption expenditures are services (such as education and national detense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
February 2009
Survey
of
D-29
C u r r e n t B u sin ess
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
2007
2008
2007
2008
1,646.3
1,922.3
1,159.5
961.8
1,658.8
1,935.9
1,166.5
966.8
765.7
59.6
175.0
531.3
20.5
255.5
1,692.0
1,972.1
1,184.4
980.8
206.2
790.7
65.4
177.9
549.0
20.4
259.6
20.8
20.2
256.4
637.8
647.9
339.5
247.2
93.9
312.1
37.2
29.8
245.7
3.5
670.4
679.8
352.2
256.7
97.1
332.1
42.6
30.5
260.1
3.3
644.3
653.7
341.9
248.6
95.0
315.7
39.3
28.5
248.9
3.4
IV
Government consumption expenditures 1..........................................................................
Gross output of general government...................................................................................
Value added....................................................................................................................
Compensation of general government employees......................................................
Consumption of general government fixed capital2
Intermediate goods and services purchased 3
Durable goods.......................................
Nondurable goods.................................
Services.................................................
Less: Own-account investment4....................
Sales to other sectors..............................................................................................
Federal consumption expenditures 1...
Gross output of general government
Value added...........................
Compensation of general government employees...........................................................
Consumption of general government fixed capital 2........................................................
Intermediate goods and services purchased 3 ....................................................................
Durable goods
Nondurable goods....
Services..................
Less: Own-account investment4
Sales to other sectors
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
200.0
I
202.1
772.4
62.0
175.0
536.2
1,704.1
1,985.3
1,188.8
984.4
207.0
799.5
257.8
178.7
556.3
20.5
260.6
1,711.6
1,993.5
1,195.7
989.5
209.0
800.7
67.2
180.2
555.3
20.5
261.3
653.7
662.8
345.0
251.1
95.6
321.9
40.4
29.1
253.6
3.3
5.7
659.5
668.7
348.7
253.9
96.5
324.1
41.9
29.6
253.9
3.3
5.9
680.7
690.5
354.5
258.6
97.5
340.9
43.9
31.2
267.1
3.3
6.5
688.0
697.1
360.4
263.2
98.6
341.4
44.3
32.2
266.0
3.2
5.9
443.4
447.1
220.4
152.6
461.5
465.1
225.0
156.4
69.5
244.9
40.2
15.4
190.4
1.4
464.1
467.7
228.9
159.3
70.3
243.3
40.5
16.1
187.6
1.4
2.3
6.6
6.0
6.0
23
24
25
26
27
28
29
30
31
32
33
425.8
430.4
215.1
149.0
67.1
218.8
33.8
15.1
170.1
1.5
3.1
452.2
455.8
223.1
154.9
69.2
237.1
39.0
15.1
184.0
1.4
431.9
435.9
216.6
149.9
67.8
223.0
35.9
13.8
174.3
1.5
2.5
439.7
443.4
218.3
151.1
Nondefense consumption expenditures 1...............................................................................
Gross output of general government.......................................................................................
Value added...........................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3
Durable goods.....................
Nondurable goods...............
Commodity Credit Corporation inventory change........................................................
Other nondurable goods..
Services..............................
Less: Own-account investment4.
Sales to other sectors..................................................................................................
34
35
36
37
38
39
40
41
42
43
44
45
46
211.7
217.1
124.4
98.2
26.9
93.1
3.4
14.7
- 0.1
14.7
75.2
217.7
223.4
129.0
212.0
217.4
125.3
98.8
27.3
92.5
3.5
14.9
213.5
219.0
126.8
47
48
49
50
51
52
53
54
1,008.0
1,273.9
820.1
714.9
106.1
453.8
State and local consumption expenditures 1..................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2 ........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods
Services
55
Less: Own-account investment4 .............................................................................................
Sales to other sectors
Tuition and related educational charges..................................................................
Health and hospital charges....................................................................................
Other sales
Residual..............................................................................................................................................
2.0
3.5
22.6
145.4
285.8
56
57
58
59
60
61
17.1
248.9
47.0
115.1
87.7
-4.9
101.8
27.9
94.7
3.6
15.6
0.5
15.2
75.7
1.9
3.8
IV
1,680.4
1,959.7
1,180.0
977.4
205.2
782.7
64.6
176.8
542.6
20.4
258.8
Defense consumption expenditures 1.....................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods....
Services..................
Less: Own-account investment4
Sales to other sectors
2.2
III
II
1,671.7
1,949.7
1,172.9
972.0
203.4
779.8
63.0
176.0
542.0
68.2
68.8
229.2
36.9
14.2
179.2
1.4
230.8
38.3
14.5
179.0
1.4
2.3
2.2
100.1
27.5
92.4
3.5
15.1
0.0
0.0
15.0
74.2
1.9
3.5
15.2
74.0
1.9
3.6
215.6
221.1
128.3
101.3
27.7
93.0
3.6
15.2
- 0.2
15.4
74.5
1.9
3.6
1,021.3
1,013.9
1,017.6
1,020.6
1,292.1
1,290.7
1,281.7
1,286.5
832.0
824.7
827.9
831.2
721.1
723.9
718.6
723.5
108.7
109.1
107.1
107.8
460.0
458.5
459.4
456.9
23.0
22.8
23.0
22.8
147.6
147.0
147.4
146.6
289.2
287.4
288.6
288.9
17.2
17.4
16.9
17.2
253.6
252.0
252.9
250.5
47.7
47.1
47.3
47.5
117.5
116.0
116.6
117.2
89.5
88.4
89.2
89.2
-6.4
-6.5
-5.9
-6.3
66.6
2.2
218.5
224.7
129.5
102.2
28.0
95.5
3.7
15.7
223.3
228.8
131.5
103.8
28.4
97.7
3.8
16.4
0.8
1.2
14.9
76.2
1.9
4.3
15.1
78.0
1.9
3.6
1,023.4
1,294.7
834.0
725.5
109.6
460.7
23.1
147.8
289.7
17.2
254.2
47.8
117.7
89.6
-7.2
1,023.7
1,296.3
834.9
725.5
110.4
461.4
23.1
148.3
289.8
17.3
255.4
48.0
118.3
90.0
- 6.8
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.
N ote. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type
quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed
lines.
D-30
National Data
February 2009
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
2007
2008
2007
2008
IV
National defense consumption expenditures and gross investment...................................
Consumption expenditures 1............................................................................................................
Gross output of general government................................................................................................
Value added................................................................................................................................
Compensation of general government employees...................................................................
Military................................................................................................................................
Civilian................................................................................................................................
Consumption of general government fixed capital2 ................................................................
Intermediate goods and services purchased 3............................................................................
Durable goods
Aircraft
Missiles
Ships
13
Vehicles
Electronics..........................................................................................................................
Other auraDie gooas............................................................................................................
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
35
Vehicles
36
Electronics and software..............................................................................................................
Other equipment
38
I
II
III
IV
1
2
2.5
7.1
-0.9
7.3
7.3
18.0
2.1
2.6
3
4
5
2.6
-1.4
-2.5
7.4
7.0
3.1
3.3
5.7
-1.9
3.4
3.4
4.0
4.2
3.0
6.7
3.5
2.7
16.5
44.9
17.3
17.1
2.3
2.3
7.1
7.8
9.8
3.5
4.7
6
0.5
-0.4
- 0.8
6.2
5.9
3.7
3.9
4.5
7
0.6
2.8
8
3.1
5.2
8.5
4.4
7.4
3.2
8.4
15.2
13.6
3.7
5.9
24.0
37.6
1.3
- 0.6
-4.2
9
10
11
12
2.1
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
37
34.4
22.0
-0.9
2.8
2.3
-3.7
7.6
4.9
-3.0
- 0.2
11.8
6.5
50.5
9.6
-4.5
7.4
1.6
12.8
0.6
-5.8
-6.7
- 6.2
20.5
17.4
-5.0
2.8
3.5
8.2
4.1
7.8
12.3
14.0
1.2
0.7
- 1.0
4.5
2.8
-6.5
4.6
27.8
24.6
-45.1
22.3
-15.6
-5.6
-49.1
-59.5
-44.3
-26.2
- 1.8
16.1
-10.4
-15.9
2.6
11.6
11.5
-30.3
-13.4
12.6
3.6
103.6
35.1
12.3
-8.7
68.4
29.6
12.8
-0.4
20.2
-7.9
- 12.2
1.5
-27.5
-18.6
- 10.1
12.3
38.7
60.4
36.6
326.6
127.9
32.1
-6.3
28.3
- 12.2
2.1
2.0
- 1.2
-12.5
-8.4
-27.7
-41.8
-4.8
-80.4
13.6
27.5
3.0
94.8
-4.1
-42.6
-23.8
40.8
-40.5
12.3
10.4
6.0
-45.1
14.0
-36.7
-3.7
-45.0
276.2
35.9
27.7
12.2
10.1
28.8
-41.3
11.6
-5.8
28.4
25.4
21.5
-18.0
-6.4
-12.7
-39.2
5.1
-1.9
-0.7
44.3
24.9
7.1
2.6
-1.7
79.6
44.1
-35.9
8.6
10.1
11.9
6.2
4.1
26.9
21.2
26.1
- 1.8
59.1
-20.5
43.2
14.4
26.3
33.9
45.4
1.3
28.1
-3.1
35.3
92.0
40.8
7.1
-19.2
-7.3
-4.1
22.7
100.3
16.1
-4.8
27.1
11.3
70.5
22.0
10.0
- 2.6
3.2
16.3
4.7
-9.0
41.9
- 2.2
-17.2
19.3
21.5
16.4
16.9
-5.8
59.4
- 21.0
-47.9
-18.2
18.4
6.0
- 6.6
5.9
0.9
27.5
- 2.0
2.2
-49.1
17.6
7.8
2.4
-8.3
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 2009
Su r v ey
of
D-31
C u r r e n t B u sin ess
Table 3.11.3. Real National Defense Consumption Expenditures
and Gross Investment by Type, Quantity Indexes
Table 3.11.4. Price Indexes for National Defense Consumption
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Expenditures and Gross Investment by Type
Seasonally adjusted
Seasonally adjusted
Line
2007
2008
2007
IV
National defense
consumption
expenditures and gross
investment.........................
Consumption expenditures 1 .....
Gross output of general
government............................
Value added...........................
Compensation of general
government employees...
Military............................
Civilian............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3 .........
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.....................
Line
2008
I
II
III
23
24
25
26
27
28
29
116.496
247.616
238.770
209.966
131.967
134.069
158.862
125.575
278.145
272.202
214.280
115.452
122.783
114.878
117.007
258.013
250.721
234.577
124.748
131.345
127.489
124.562
273.010
263.232
223.197
122.697
126.970
112.586
122.029
264.249
264.183
205.930
116.545
123.628
115.894
131.612
311.062
287.765
209.472
110.479
121.296
114.687
124.099
264.259
273.629
218.522
112.088
119.239
116.344
30
31
32
33
34
35
36
37
38
159.765
105.467
166.336
196.590
150.912
118.700
338.161
187.839
148.332
181.467
134.439
186.623
206.643
148.003
117.898
487.951
234.613
158.814
163.647
127.851
167.228
175.408
128.943
126.762
329.460
201.794
152.060
166.030
110.037
172.794
156.436
127.727
109.180
458.841
217.863
161.658
180.174
123.836
186.813
224.825
156.938
117.039
451.455
231.853
156.481
189.622
147.324
193.933
222.049
166.632
190.044
156.557
192.954
223.263
140.714
125.169
525.638
245.087
156.847
Gross investment5.......................
Structures..................................
Equipment and software.............
Aircraft....................................
Missiles..................................
Ships......................................
Vehicles..................................
Electronics and software.........
Other equipment.....................
3 132.615 140.430 134.289 136.595 137.740 143.284 144.101
4 107.989 112.037 108.747 109.583 110.665 112.975 114.924
5 107.247 111.453 107.873 108.743 109.860 112.532 114.678
6 108.650 113.486 109.072 110.596 111.422 114.603 117.324
7 105.015 107.920 106.078 105.574 107.311 108.925 109.869
8 111.333 114.900 112.518 113.253 114.231 115.390 116.725
177.813
161.068
121.127
174.092
102.590
296.576
290.827
156.342
132.219
119.399
172.141
133.630
188.019
182.777 184.007 195.318
165.524 171.966 180.427
110.668 121.411 128.654
167.922 169.023 168.256
105.680 105.217 118.160
299.234 346.415 327.119
347.384 380.609 416.337
168.557 150.796 155.970
136.110 139.410 147.789
116.718 124.341 133.764
196.088 171.644 188.481
142.592 146.941 147.411
193.245 193.068 205.389
194.032
181.868
133.609
170.190
115.404
357.001
413.992
148.764
154.456
140.426
195.757
153.288
202.324
22 180.920 188.344 179.790 177.127 185.459 184.017 206.771
120.202
515.870
243.649
160.272
1. National defense consumption expenditures are defense services produced by government that are valued at their cost
of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption of fixed capital, or depreciation, is Included in government gross output as a partial measure of the
services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account
investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related
expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
2007
IV
National defense
consumption
expenditures and gross
investment.........................
Consumption expenditures 1.......
Gross output of general
government.............................
Value added............................
Compensation of general
government employees...
Military............................
Civilian............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3..........
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.....
189.034
174.946
123.585
168.848
111.115
332.442
389.581
156.022
144.441
128.812
187.992
147.558
198.506
2008
IV
1 135.596 145.204 137.694 140.125 142.621 148.643 149.426
2 132.457 140.646 134.343 136.773 137.921 143.533 144.355
9 174.466
10 151.923
11 108.826
12 162.779
13 104.894
14 268.205
15 283.075
16 153.997
17 145.268
18 134.493
19 182.816
20 142.512
21 183.437
2007
2008
I
II
III
IV
1 131.874 136.557 133.237 134.905 136.967 138.004 136.352
2 136.220 141.339 137.704 139.603 141.872 142.967 140.914
3 136.200 141.317 137.682 139.582 141.847 142.939 140.900
4 146.218 150.658 147.018 149.545 150.754 151.126 151.207
5 159.639 164.636 160.322 163.763 164.975 164.854 164.952
6 167.465 173.297 168.796 172.162 173.811 173.550 173.666
7 144.559 147.978 144.027 147.599 147.987 148.130 148.195
8 114.249 117.393 115.297 115.762 116.945 118.414 118.453
9 124.212 129.907 126.338 127.603 130.834 132.582 128.609
10 106.301 107.023 106.067 106.142 106.740 107.299 107.910
11 106.086 105.303 104.766 104.673 104.989 105.494 106.055
12 111.246 112.701 111.487 111.892 112.514 112.833 113.564
111.233
122.320
95.123
111.183
187.525
304.133
122.886 130.622
20 114.008 117.427
21 124.706 129.297
13
14
15
16
17
18
19
108.860
120.803
95.252
108.127
156.573
224.381
109.107
121.644
94.797
109.049
172.884
266.054
125.172
115.504
126.045
109.075
121.599
94.889
109.213
180.365
286.283
126.868
115.813
127.053
110.131
121.873
95.022
110.818
209.218
366.222
130.288
117.461
128.757
112.701
121.331
95.285
111.991
212.474
372.172
133.627
118.456
130.624
113.026
124.476
95.296
112.710
148.043
191.854
131.702
117.978
130.754
22 123.754 128.314 125.013 126.567 127.725 129.372 129.594
23
24
25
26
27
28
29
128.472
118.471
124.281
128.907
131.264
137.008
132.067
133.344
121.494
126.845
142.843
147.991
141.133
137.359
130.111
119.296
125.543
131.067
133.180
137.219
133.879
131.279
120.145
125.671
132.695
137.492
139.726
135.565
133.163
120.858
126.466
140.968
146.285
141.220
137.537
134.396
121.971
127.543
149.714
155.475
141.900
138.448
30
31
32
33
34
35
36
37
38
105.255
143.122
102.270
83.714
105.554
134.873
101.514
87.256
109.422
107.443
146.118
104.387
86.581
107.221
145.302
103.463
85.323
111.990
105.920
144.374
102.891
85.813
107.270
135.870
102.260
86.228
110.071
106.296
145.342
103.220
86.308
106.547
138.880
103.023
85.567
110.308
107.217
145.282
104.211
86.313
106.596
145.704
102.781
85.434
111.671
107.925
145.635
104.948
86.371
106.992
150.818
134.538
123.002
127.702
147.994
152.711
141.686
137.887
108.337
148.214
105.169
87.332
108.750
145.805
101.886 106.162
85.420 84.870
112.822 113.160
1. National defense consumption expenditures are defense services produced by government that are valued at their cost
of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the
services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account
investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related
expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
D-32
National Data
February 2009
Table 3.11.5. National Defense Consumption Expenditures
and Gross Investment by Type
Table 3.11.6. Real National Defense Consumption Expenditures
and Gross Investment by Type, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
National defense
consumption expenditures
and gross investment.......
1
2
Consumption expenditures 1.......
Gross output of general
government.............................
Value added............................
Compensation of general
government employees....
Military.............................
Civilian.............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3 ..........
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.....
23
24
25
26
27
28
29
Gross investment5........................
Structures....................................
Equipment and software..............
Aircraft.....................................
Missiles....................................
Ships.......................................
Vehicles...................................
Electronics and software.........
Other equipment......................
30
31
32
33
34
35
36
37
38
Seasonally adjusted at annual rates
Line
2008
I
II
III
662.2
734.3
679.3
699.9
723.3
759.5
754.4
580.1
639.1
594.7
613.8
629.0
659.6
653.9
3
4
586.3
314.5
644.1
336.2
600.0
318.4
618.8
326.4
634.1
332.3
664.7
340.0
658.9
346.1
5
237.9
162.7
75.2
255.0
175.9
79.1
240.3
164.6
75.7
247.4
170.3
77.2
251.8
173.2
78.6
257.8
177.9
79.9
262.8
182.2
80.6
6
7
8
76.6
81.2
78.1
79.0
80.5
82.3
83.3
9
271.8
36.0
11.3
4.4
1.5
2.5
7.9
8.3
23.7
307.9
41.7
281.6
38.0
12.5
4.8
1.5
292.4
39.1
11.4
4.6
1.5
324.6
43.1
13.4
4.7
2.8
8.1
2.8
301.8
40.9
12.5
4.7
1.5
3.3
10.6
11.6
8.3
30.5
18.6
4.1
7.9
230.4
8.7
32.8
20.3
4.6
312.8
43.7
13.9
4.7
1.7
3.4
11.5
8.3
23.9
10
11
12
13
14
15
16
17
18
19
20
21
22
12.2
4.1
7.4
212.1
58.8
37.3
28.1
68.1
11.6
8.1
2.1
12.8
4.7
1.6
3.2
10.8
8.6
28.2
15.9
4.5
7.9
238.0
63.5
41.7
32.4
79.2
13.1
8.0
2.0
8.5
23.9
13.0
3.9
7.0
219.7
9.6
9.2
25.7
13.6
4.5
7.5
227.6
59.1
37.9
29.5
72.2
13.2
7.8
58.9
40.7
31.4
75.9
12.7
7.9
2.0
1.8
3.1
11.0
4.7
8.0
8.2
248.7
245.2
62.2
40.5
30.6
76.6
12.5
62.6
44.1
36.3
84.2
13.5
70.4
41.6
31.1
80.2
13.9
8.0
2.0
8.1
2.0
8.0
2.0
1.9
3.1
4.1
3.1
3.3
3.0
3.1
3.1
82.1
7.5
74.6
95.2
9.8
85.4
13.9
4.3
11.3
9.3
20.3
26.4
84.6
9.2
75.4
11.7
3.7
11.3
86.1
7.9
78.2
10.5
3.7
94.3
8.9
85.4
15.1
4.5
100.5
11.5
89.0
15.1
4.1
10.0
11.2
6.2
8.7
18.9
26.5
8.5
99.9
10.7
89.2
14.9
4.8
11.9
9.7
20.0
21.1
21.0
26.0
26.9
26.4
12.8
4.3
10.5
6.3
16.6
24.1
17.6
24.9
12.0
10.3
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.
2007
2008
IV
2007
IV
National defense
consumption
expenditures and gross
investment.........................
2008
I
II
III
IV
1
2
502.1
537.7
509.9
518.9
528.1
550.4
553.3
425.8
452.2
431.9
439.7
443.4
461.5
464.1
3
4
430.4
215.1
455.8
223.1
435.9
216.6
443.4
218.3
447.1
220.4
465.1
225.0
467.7
228.9
5
149.0
97.2
52.0
154.9
101.5
53.4
149.9
97.5
52.5
151.1
98.9
52.3
152.6
99.6
53.1
156.4
102.5
53.9
159.3
104.9
54.4
Consumption expenditures 1.......
Gross output of general
government.............................
Value added............................
Compensation of general
government employees...
Military............................
Civilian............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3..........
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.....
23
24
25
26
27
28
29
Gross investment5.......................
Structures...................................
Equipment and software.............
Aircraft....................................
Missiles..................................
Ships.......................................
Vehicles..................................
Electronics and software.........
Other equipment.....................
Residual.........................................
30
31
32
33
34
35
36
37
38
39
6
7
8
67.1
69.2
67.8
68.2
68.8
69.5
70.3
9
218.8
33.8
10.7
4.0
1.4
237.1
39.0
230.8
38.3
11.9
4.1
1.4
2.7
243.3
40.5
13.1
4.2
1.5
2.6
229.2
36.9
10.9
4.1
1.4
2.3
244.9
40.2
2.1
8.3
7.7
15.1
5.5
3.3
6.5
170.1
11.4
7.8
15.1
5.2
3.4
6.7
184.0
223.0
35.9
11.9
4.3
1.4
2.3
8.5
7.8
13.8
4.8
3.1
10.1
11.1
12.2
2.8
12.1
8.4
14.2
4.7
3.6
6.5
179.2
7.5
14.5
5.0
3.1
6.7
179.0
7.8
15.4
5.4
3.4
6.7
190.4
7.4
16.1
5.7
3.5
7.0
187.6
47.5
29.0
23.7
54.8
9.0
49.5
31.3
26.7
62.5
9.2
5.4
1.4
46.5
31.0
26.2
60.4
9.6
5.8
1.4
48.7
30.4
25.3
60.6
8.9
5.5
1.4
2.3
48.3
32.8
29.8
54.3
30.9
25.3
62.8
9.4
5.3
1.4
2.3
10
11
12
13
14
15
16
17
18
19
20
21
22
6.2
1.5
3.1
78.0
5.2
72.9
15.2
4.1
7.8
6.2
19.0
22.1
-8.9
12.1
4.1
1.5
2.2
88.6
6.7
81.8
16.0
4.0
7.8
8.9
23.7
23.6
-12.9
6.1
174.3
47.2
29.2
24.7
57.5
10.1
5.9
1.5
2.5
79.9
6.4
73.3
13.6
3.5
8.3
2.2
81.0
5.5
75.8
12.1
6.0
3.4
7.2
8.4
20.4
22.0
22.6
24.0
- 11.0
-9.5
87.9
6.2
81.9
17.4
4.2
7.7
8.3
23.4
23.3
-13.1
12.6
4.1
1.6
2.5
66.0
9.0
5.2
1.4
2.2
92.6
7.3
85.0
17.2
4.5
7.9
9.4
24.6
23.8
-14.0
92.8
7.8
84.6
17.3
3.8
8.2
9.6
24.8
23.3
-12.7
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.
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is
the difference between the first line and the sum of the most detailed lines.
February 2009
Survey
of
D-33
C u r r e n t B u sin ess
4. Foreign Transactions
Table 4.1. Foreign Transactions in the National Income and Product Accounts
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2007
Current receipts from the rest of the world.
2.524.1
Exports of goods and services............................
1.662.4
1.149.2
788.7
360.5
513.2
Goods
Durable
Nondurable
Services 1
Income receipts
Reinvested earnings on U.S. direct investment abroad........................
861.7
3.0
858.8
349.6
213.2
296.0
Current payments to the rest of the world.....................................
3,242.7
Imports of goods and services..................................................................
2.370.2
1.985.2
1.172.5
812.7
385.1
Wage and salary receipts..................................................................
Income receipts on assets
Interest..................
Dividends..............
Goods' ...........................................................................................
Durable
Nondurable
Services 1
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 or the world (net)........
From persons (net)...................................................................................
From government (net)
From business (net)...
Balance on current account, NIPAs.............................................
1,867.8
1,289.6
840.5
449.1
578.2
2.533.0
2.117.0
1,159.7
957.4
415.9
759.3
10.0
749.3
584.8
95.6
68.9
113.2
56.3
25.9
31.0
-718.6
118.6
60.3
25.0
33.3
2008
2.667.1
2.664.0
2,746.0
2.784.5
1.759.7
1.213.7
826.4
387.3
546.0
1,820.8
1,256.9
829.2
427.7
563.9
1,923.2
1,343.7
476.9
579.5
1.968.9
1.374.3
882.1
492.1
594.6
907.4
3.0
904.3
351.3
231.3
321.8
843.2
3.0
840.2
283.4
292.0
264.8
822.8
3.0
819.8
254.0
271.1
294.6
815.6
3.0
812.6
257.3
291.5
263.8
3.318.1
3.357.0
3,468.6
3.480.9
2,456.5
2.060.9
1.181.9
878.9
395.6
2,526.5
2.118.0
1,173.2
944.8
408.5
2.641.4
2.225.5
1,014.9
415.9
2.676.6
2,251.0
1.194.3
1.056.7
425.6
742.0
10.3
731.7
599.9
121.5
10.3
705.1
708.9
688.7
10.2
10.2
10.2
694.8
536.5
114.4
43.9
698.7
506.5
106.3
86.0
678.5
501.6
97.8
79.1
119.6
57.3
28.6
33.8
125.4
57.9
32.4
35.1
118.2
62.7
21.5
34.0
115.6
62.7
20.4
32.5
-651.0
-693.0
-722.6
-696.5
-653.3
-651.0
2.3
-695.4
-693.0
2.4
-725.2
-722.6
-699.1
-696.5
866.8
.
1 210.6
1,758.4
1,183.7
783.8
399.9
574.8
2,287.4
1.873.6
1.060.6
813.0
413.8
115.2
57.8
25.6
31.7
Addenda:
Net lending or net borrowing (-), NIPAs...............................................
Balance on current account, NIPAs.......................................................
-720.4
-718.6
Less: Capital account transactions (net)2........................................
1.8
2.6
2.6
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassi
fied from goods to services.
2. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets.
D-34
National Data
Table 4.2.1. Percent Change From Preceding Period in Real Exports and in
Real Imports of Goods and Services by Type of Product
February 2009
Table 4.2.2. Contributions to Percent Change in Real Exports and in
Real Imports of Goods and Services by Type of Product
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
Line
2007
2008
2007
IV
IV
Exports of goods and
services..........................
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other..................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
I
II
III
IV
1
2
8.4
6.5
4.4
5.1
12.3
3.0
-19.7
7.5
3
8.8
6.4
5.0
5.1
- 12.0
4.5
14.3
16.3
8.7
3.7
- 10.8
-27.7
-24.0
4
5
10.7
8.5
11.9
7.4
11.2
11.1
6
5.5
5.6
5.4
5.3
-5.4
21.7
29.0
41.9
22.5
8.7
7.4
9.4
-27.3
-32.1
-24.7
7
8.0
4.7
10.0
-3.6
11.2
4.4
-27.2
8
11.4
-4.8
17.3
-24.1
-3.2
-3.0
-60.9
9
5.5
7.3
-9.2
10
3.5
7.9
11.0
0.4
2.7
57.4
10.3
5.4
6.4
-44.9
- 12.6
11
11.9
- 0.1
- 2.8
-11.5
4.3
25.9
-50.2
12
13
14
15
10.9
15.4
5.4
-5.4
8.3
7.9
14.9
14.6
15.4
37.1
15.3
12.7
18.9
28.8
12.8
2.2
6.9
0.3
13.4
-15.1
18.9
28.5
-53.3
-26.6
-45.1
4.4
38.5
16
10.5
6.8
2.7
6.4
3.8
1.4
0.6
17
18
19
-19.3
-31.2
14.1
27.0
8.4
-5.7
- 0.1
77.3
-0.4
-10.5
-68.4
12.5
- 6.6
1.8
-6.4
7.3
-3.1
9.2
-13.1
- 10.0
34.3
1.5
-4.1
90.6
8.8
Exports of goods and
services..........................
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials.............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts...............................
Other....................................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
23
Imports of goods and
services..........................
24
2.2
-3.3
-2.3
-0.8
-7.3
-3.5
-15.7
Exports of services 1.................
Transfers under U.S. military
agency sales contracts........
Travel.......................................
Passenger fares.......................
Other transportation.................
Royalties and license fees.......
Other private services..............
Other.......................................
25
26
1.7
1.3
-4.1
- 1.2
-2.6
-7.7
-2.0
-5.2
-7.1
4.7
-4.7
-1.4
-18.8
Percent change at annual rate:
27
28
29
30
-3.8
-9.7
3.7
- 2.0
-7.3
-7.6
- 6.8
-4.8
-20.3
-15.0
-25.9
16.5
-17.3
-10.4
-24.2
17.6
-0.4
- 11.8
13.2
-38.1
7.7
7.8
7.6
- 6.6
-8.3
5.4
-20.5
24.3
31
5.9
0.6
1.6
1.1
8.9
-5.4
-27.0
32
15.3
-3.7
-3.3
17.0
3.4
-37.3
-34.0
6.3
- 2.2
26.0
4.3
-13.1
-43.1
-20.5
20
21
22
7.8
1.7
8.5
8.5
-4.2
Imports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products..........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other..................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
36
37
38
39
5.8
7.0
4.4
-0.4
-1.7
- 2.0
-1.3
-6.3
Imports of services 1.................
Direct defense expenditures....
Travel.......................................
Passenger fares.......................
Other transportation................
Royalties and license fees.......
Other private services.............
Other.......................................
40
41
42
43
44
45
46
47
4.4
^ t .1
-1.7
-2.7
4.4
0.7
-6.3
1.3
Addenda:
Exports of durable goods........
Exports of nondurable goods...
Exports of agricultural goods 2
Exports of nonagricultural
goods..................................
Imports of durable goods.........
Imports of nondurable goods....
Imports of nonpetroleum goods
33
34
35
9.8
3.6
- 0.1
2.1
0.6
-11.5
9.7
-0.5
- 11.0
6.4
6.5
6.2
-34.3
-0.9
1.0
2.6
2.2
12.4
3.8
11.9
-8.4
-7.4
-13.4
- 0.8
1.6
- 0.6
1.8
1.2
-2.9
8.2
4.7
10.0
-7.9
-12.7
-19.8
8.3
5.2
-44.3
1.8
-25.7
-6.5
-15.2
5.3
- 0.1
8.2
4.3
19.7
-4.4
23.2
2.0
5.5
-12.3
8.5
32.9
4.2
11.4
3.9
-3.6
-8.0
- 21.8
- 11.2
- 21.0
-12.3
5.2
0.5
-7.7
48
49
50
8.5
5.4
7.1
4.9
9.2
5.5
8.7
- 2.1
-18.6
- 2.2
19.7
51
52
53
54
7.6
2.2
1.1
6.5
-4.0
-4.2
-3.8
7.7
-4.3
- 0.1
-6.3
2.5
11.8
- 6.8
8.6
7.3
-17.7
3.3
0.2
4.9
-5.4
-11.4
80.9
2.5
2.9
8.1
-46.2
-34.4
-43.6
-21.4
-23.2
0.9
54.1
8.2
-24.9
3.5
-42.7
1.1
22.8
11.8
15.1
18.6
10.5
4.9
1.5
-7.0
-32.6
-17.5
- 10.6
3.8
-6.3
4.0
-6.4
17.0
3.7
-18.7
4.0
4.9
-7.1
-1.7
^ t .1
-29.2
-31.5
-0.3
-27.2
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.
II
III
IV
1
8.4
6.5
4.4
5.1
12.3
3.0
-19.7
2
5.26
0.42
4.41
0.24
3.53
-0.69
3.13
0.77
11.11
0.52
2.55
-0.70
-19.95
-1.39
1.01
2.02
6
0.59
1.43
1.33
0.72
0.61
2.02
0.39
0.62
-0.37
2.39
5.34
2.57
2.77
1.75
0.52
1.23
-5.69
-2.38
-3.31
Percentage points at annual
rates:
-12.3
8.9
7.6
7.4
11.4
14.5
4.9
11.6
8.6
I
Percent change at annual rate:
Exports of services 1................
Transfers under U.S. military
agency sales contracts........
Travel.......................................
Passenger fares.......................
Other transportation................
Royalties and license fees.......
Other private services.............
Other.......................................
10.1
2008
2008
Imports of goods and
services..........................
3
4
5
7
2.21
1.24
2.59
-0.95
2.85
1.09
-7.24
8
0.58
-0.25
0.88
-1.45
-0.16
-0.14
-3.76
0.01
9
0.11
10
0.14
1.35
-0.25
1.96
0.49
1.15
1.85
0.13
1.53
1.10
-1.24
-2.25
11
0.85
0.00
- 0.21
-0.84
0.29
1.52
-4.11
0.94
0.73
0.72
0.39
0.33
1.29
0.63
1.04
0.11
0.93
-2.15
-2.44
-2.62
0.18
0.92
12
0.02
1.21
0.20
0.63
-0.60
0.48
2.09
0.86
0.69
0.52
0.92
1.97
13
14
15
-0.18
16
3.19
17
18
19
-0.13
0.52
-0.17
0.59
0.12
0.12
20
21
22
23
0.23
0.56
1.85
0.06
0.05
0.42
1.13
-0.05
-0.29
0.79
0.38
0.25
-0.29
- 0.01
24
2.2
25
26
27
28
29
30
0.21
0.66
0.82
1.19
0.43
0.20
-0.79
0.71
0.18
-0.23
0.41
0.95
-0.04
-0.04
0.65
0.13
-0.72
0.38
0.65
-0.63
0.05
-0.82
-0.17
0.94
0.07
-0.55
0.02
0.45
-0.03
-0.18
0.26
0.23
1.31
-0.07
-3.3
-2.3
-0.8
-7.3
-3.5
-15.7
1.46
0.04
-3.45
-0.04
-2.17
-0.27
-1.65
-0.18
-5.97
0.16
-3.97
-0.05
-15.87
0.29
-0.50
-0.71
-0.89
-0.50
-0.39
-0.90
-2.76
-1.04
-1.72
2.28
-2.25
-0.67
-1.58
2.74
-0.03
-0.76
0.73
-8.59
0.92
0.47
0.45
-1.29
-1.03
0.35
-1.38
3.70
0.68
Percentage points at annual
rates:
Imports of goods 1.....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products...........
Capital goods, except
automotive..........................
Civilian aircraft, engines, and
parts...............................
Computers, peripherals, and
parts................................
Other...................................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Imports of services 1.................
Direct defense expenditures....
Travel.......................................
Passenger fares.......................
Other transportation.................
Royalties and license fees.......
Other private services..............
Other.......................................
40
41
42
43
44
45
46
47
0.21
-0.28
31
1.08
0.13
0.29
0.21
1.52
-0.97
-5.28
32
0.20
-0.05
-0.05
0.23
0.05
-0.63
-0.51
33
34
0.42
0.46
0.10
0.40
-0.06
0.26
-0.28
0.96
0.52
-0.56
0.08
0.22
-2.03
-2.75
35
- 0.01
-1.16
-1.26
-0.85
-1.31
- 2.66
-5.05
36
37
38
39
1.15
0.76
0.39
-0.32
- 0.21
- 0.12
-0.25
0.12
-0.09
0.04
1.22
-1.30
-1.75
0.45
1.49
1.87
-0.38
0.78
0.80
-7.58
-5.60
-1.98
-0.91
- 0.02
0.71
-0.06
-0.05
-0.03
0.13
0.03
0.69
0.01
0.01
-0.08
0.02
0.22
0.00
0.70
0.52
- 1.66
0.00
-0.14
0.86
-0.18
0.26
0.35
0.01
0.36
- 0.11
- 0.22
-0.14
-0.05
0.01
0.12
0.11
0.23
- 0.02
-1.29
-0.33
-0.36
-0.29
-0.36
0.05
0.03
-0.03
0.21
0.59
-0.71
0.51
0.00
0.15
0.62
0.25
-0.38
0.15
-0.07
-0.34
0.61
0.14
-0.61
0.07
0.01
0.10
0.10
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government,
are included in sen/ices. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services.
February 2009
Survey
of
D-35
C u r r e n t B u sin ess
Table 4.2.3. Real Exports and Imports of Goods and Services
by Type of Product, Quantity Indexes
Table 4.2.4. Price Indexes for Exports and Imports of Goods and Services
by Type of Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
Exports of goods and
services..........................
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other..................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Exports of services 1................
Transfers under U.S. military
agency sales contracts........
Travel.......................................
Passenger fares.......................
Other transportation................
Royalties and license fees.......
Other private services.............
Other.......................................
Imports of goods and
services..........................
imports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products..........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts...............................
Other..................................
Automotive vehicles, engines,
and parts............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other......................................
Imports of services 1.................
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 goods 2
Exports of nonagricultural
goods..................................
Imports of durable goods.........
Imports of nondurable goods....
Imports of nonpetroleum goods
Seasonally adjusted
Line
2008
I
II
III
3 119.271 125.260 122.992 127.180 129.849 126.180 117.830
4 122.476 135.540 126.975 130.383 138.941 141.863 130.975
5 118.170 128.183 123.461 121.763 132.886 135.281 122.802
6 125.223 140.162 129.234 135.750 142.815 146.043 136.041
7 127.527 133.479 133.894 132.678 136.258 137.745 127.235
8 137.935 131.359 149.937 139.942 138.797 137.757 108.938
9 115.369 121.733 114.931 115.052 128.863 130.555 112.464
10 127.650 136.979 133.690 134.568 137.895 140.039 135.415
11 142.112 141.986 147.116 142.695 144.199 152.742 128.311
12 155.341 168.261 158.849 164.473 170.414 175.616 162.542
13 170.904 184.463 180.181 186.423 192.062 193.125 166.243
14 138.535 150.761 135.949 140.907 147.140 156.648 158.349
15 90.843 97.148 92.062 99.614 106.123 87.711 95.145
16 136.868 146.108 142.570 144.792 146.131 146.640 146.870
89.332
106.994
89.499
128.079
166.709
185.436
108.749
103.088
106.880
87.045
130.621
168.639
189.916
106.953
77.285
110.083
89.501
128.335
172.160
193.273
106.118
75.967
113.135
91.371
121.458
175.606
195.718
91.682
77.657
109.234
88.988
130.743
176.242
193.694
107.725
24 133.654 129.205 133.254 132.991 130.509 129.367 123.951
25 134.921 129.401 134.315 133.654 131.212 129.653 123.086
26 139.687 137.989 138.203 136.368 137.957 137.459 140.169
27
28
29
30
124.901
128.155
122.231
112.670
115.795
118.377
113.870
107.314
121.051 115.429 115.320 117.475
122.999 119.673 115.967 118.154
119.819 111.806 115.321 117.455
112.011 116.638 103.467 101.727
114.954
119.716
110.898
107.423
31 141.960 142.800 143.846 144.252 147.344 145.299 134.305
32 106.094 102.143 105.750 109.995 110.914
98.700
88.962
33 200.083 204.285 202.660 205.800 218.025 210.478 182.837
34 129.089 129.829 131.086 130.354 131.724 132.308 124.929
35 125.864 111.361
36
37
38
39
40
41
42
43
44
45
46
47
167.794
179.857
154.939
106.881
127.581
137.224
84.472
86.966
128.657
127.134
193.484
110.284
165.021
176.340
152.943
100.163
128.480
128.517
85.542
87.972
124.914
129.966
200.785
109.627
125.174 122.624 118.526 110.056
168.747
183.369
153.183
100.285
165.927
175.981
155.176
100.254
169.218
184.064
153.435
105.627
128.185 129.913 127.217
135.192 130.835 123.016
84.766 86.503 83.980
87.672 94.132 88.756
128.341 129.672 125.470
120.221 123.500 125.079
197.937 199.847 200.087
110.443 109.441 107.269
94.239
171.012 153.926
184.982 160.332
156.147 147.013
100.600 94.169
128.249 128.541
123.082 137.137
84.993 86.693
87.528 81.472
121.731 122.785
145.057 126.227
201.324 201.884
108.051 113.748
48 130.213 136.626 136.241 135.479 140.328 142.009 128.690
49 122.542 133.841 125.159 130.919 136.624 137.131 130.690
50 117.787 124.280 120.532 123.936 127.064 124.789 121.331
51
52
53
54
128.309
140.459
127.961
139.177
136.651
134.792
122.572
133.867
133.444
140.490
126.448
138.434
134.709
138.219
127.688
136.179
140.091
139.473
121.248
137.510
141.760
136.912
120.726
136.077
130.043
124.566
120.628
125.702
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
nonautomotrve consumer goods.
2008
IV
1 130.068 138.520 135.189 136.880 140.908 141.943 134.347
2 127.335 135.446 132.219 133.690 138.826 140.079 129.189
17 103.511 83.499
18 99.730 109.833
19 82.805 89.226
20 125.616 127.790
21 159.545 173.162
22 178.017 193.150
23 107.650 103.119
2007
2007
IV
Exports of goods and
services..........................
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other....................................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Exports of services 1.................
Transfers under U.S. military
agency sales contracts........
Travel.......................................
Passenger fares.......................
Other transportation.................
Royalties and license fees.......
Other private services..............
Other.......................................
Imports of goods and
services..........................
Imports of goods 1.....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products...........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other...................................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Imports of services 1.................
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 goods 2
Exports of nonagricultural
goods..................................
Imports of durable goods.........
Imports of nondurable goods....
Imports of nonpetroleum goods
2008
I
II
III
IV
1 116.586 123.001 118.794 121.397 124.560 126.592 119.452
2 115.062 121.344 117.085 119.916 123.456 125.137 116.866
3 147.582 183.404 161.062 180.050 193.041
196.142 164.383
4 148.503 163.786 153.764 160.153 170.957 176.443 147.593
5 151.498 157.420 152.563 157.844 163.036 164.607 144.195
6 146.653 167.307 154.350 161.369 175.337 183.065 149.456
7
98.278
98.949
98.076
98.410
98.790
99.191
99.405
8 131.606 137.981 133.591 135.724 136.905 138.530 140.766
9
10
71.080
97.268
65.015
98.114
69.745
96.840
67.654
97.263
65.881
97.910
64.124
98.521
62.402
98.761
11 105.999 107.332 106.390 106.744 107.184 107.455 107.946
12 105.231 107.399 106.028
13 103.620 105.723 103.992
14 107.233 109.542 108.607
15 120.698 128.477 123.286
16 120.211 126.941 122.855
17 109.910 112.981 111.277
18 117.687 122.940 120.227
19 149.360 164.727 156.826
20 137.793 160.481 144.582
21 119.775 124.245 121.085
22 114.840 118.294 116.587
23 126.772 147.244 131.480
106.761
104.782
109.256
126.673
107.639
105.162
110.847
130.764
107.970
106.111
110.317
132.799
107.228
106.838
107.747
123.671
124.932 127.211 130.082 125.540
111.868 112.553 113.274 114.230
121.940
159.669
153.404
122.169
117.291
142.119
123.610
161.357
166.021
123.461
117.885
151.672
126.347
174.462
175.746
124.900
118.949
159.815
119.864
163.421
146.752
126.449
119.052
135.370
24 120.168 132.771 124.907 128.722 137.136 140.189 125.039
25 118.326 131.456 123.378 127.427 136.387 139.607 122.401
26 127.179 140.184 131.729 136.193 141.977 145.124 137.443
27
28
29
30
136.387
138.711
133.004
244.422
156.547
152.100
160.286
349.420
139.737
140.283
138.118
294.251
149.143
144.953
152.649
320.072
163.340
160.575
165.193
397.641
166.465
163.412
168.601
430.013
147.238
139.461
154.703
249.954
31
90.226
91.539
90.766
90.777
91.795
92.031
91.551
32 122.958 130.544 125.945 127.586 130.173 131.369 133.048
33 58.552 55.154 57.979 56.434 55.893 54.670 53.618
34 102.305 105.856 103.256 104.058 105.850 106.907 106.608
35 105.022 107.673 106.030 107.118 107.641
107.982 107.950
36
37
38
39
40
41
42
43
44
45
46
47
101.130
98.070
104.641
113.066
129.928
177.523
139.353
134.939
125.798
119.644
116.559
127.079
103.810
100.281
107.924
119.560
139.396
205.264
145.900
155.495
140.863
124.202
121.092
133.660
101.768
98.668
105.327
114.437
132.874
190.629
142.452
138.476
129.000
121.043
117.929
129.518
102.875
99.344
106.995
116.944
104.003
100.524
108.050
118.809
104.282
100.764
108.380
119.692
135.377
199.134
145.244
141.005
133.055
122.127
118.934
131.890
140.740
213.891
150.763
153.358
142.827
123.418
120.466
135.544
142.873
217.715
148.065
159.501
149.398
124.857
122.082
136.640
104.081
100.492
108.272
122.796
138.595
190.317
139.528
168.118
138.172
126.405
122.885
130.567
48 106.408 108.045 106.560 107.529 108.520 109.130 106.999
49 136.746 155.937 143.992 151.990 162.407 166.985 142.368
50 148.110 183.251 161.946 180.483 193.981 197.549 160.992
51
52
53
54
112.617
101.715
150.215
105.809
116.942
104.808
184.689
110.974
113.828
102.510
164.257
107.053
115.619
103.430
174.843
109.126
118.478
105.766
197.803
112.067
120.031
106.289
206.845
112.867
113.640
103.749
159.265
109.834
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.
D-36
National Data
February 2009
Table 4.2.5. Exports and Imports of Goods and Services
by Type of Product
Table 4.2.6. Real Exports and Imports of Goods and Services
by Type of Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Exports of goods and
services..........................
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other..................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other......................................
Exports of services 1................
Transfers under U.S. military
agency sales contracts........
Travel.......................................
Passenger fares.......................
Other transportation................
Royalties and license fees.......
Other private services.............
Other......................................
Imports of goods and
services..........................
Imports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products..........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other...................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Imports of services 1.................
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 goods 2
Exports of nonagricultural
goods..................................
Imports of durable goods.........
Imports of nondurable goods....
Imports of nonpetroleum goods
Seasonally adjusted at annual rates
2008
I
II
Line
III
1 1,662.4 1,867.8 1,759.7 1,820.8 1,923.2 1,968.9 1,758.4
2 1,149.2 1,289.6 1,213.7 1,256.9 1,343.7 1,374.3 1,183.7
84.3
119.7
118.2
3
110.0
94.6
109.4
92.5
4
5
6
303.1
113.9
189.2
370.4
128.6
241.8
325.0
119.8
205.2
347.6
122.3
225.4
395.4
137.8
257.6
416.7
141.6
275.1
209.2
321.8
112.6
7
447.4
471.5
468.8
466.2
480.6
487.8
451.6
8
87.3
87.0
96.3
91.3
91.3
91.7
73.7
9
10
45.5
314.6
44.0
340.6
44.5
328.1
43.2
331.7
47.2
342.1
46.5
349.6
39.0
338.9
11
121.0
122.4
125.8
122.4
124.2
131.9
111.3
12
13
14
15
146.1
82.7
63.4
47.3
161.5
91.0
70.5
53.8
150.5
87.5
63.0
48.9
156.9
91.2
65.7
54.4
163.9
94.3
69.6
59.8
169.5
95.7
73.7
50.2
155.8
82.9
72.8
50.7
16
513.2
578.2
546.0
563.9
579.5
594.6
574.8
17
18
19
12.1
12.8
106.0
29.0
55.2
87.3
236.2
19.5
11.2
112.1
11.1
111.3
30.4
61.0
93.0
249.7
20.7
14.8
107.4
28.8
59.7
89.1
243.4
29.9
63.5
91.9
249.0
117.8
33.0
63.6
94.8
254.4
23
14.6
96.7
25.6
51.6
82.6
223.5
18.7
20.8
22.0
20.0
11.4
107.9
30.1
57.2
96.3
252.0
19.9
24
2,370.2
2,533.0
2,456.5
2,526.5
2,641.4
2,676.6
2,287.4
25
26
1,985.2
81.7
2,117.0
89.0
2,060.9
83.7
2,118.0
85.4
2,225.5
90.1
2,251.0
91.7
1,873.6
27
28
29
30
294.4
157.2
137.1
331.0
313.3
159.2
154.2
447.9
292.3
152.6
139.7
396.1
297.5
153.4
144.0
448.7
325.5
164.7
160.8
494.5
337.9
170.8
167.1
525.7
292.5
147.7
144.8
322.7
31
444.5
453.6
453.1
454.4
469.3
464.0
426.7
20
21
22
32
34.4
35.1
101.2
35.1
37.0
38.1
34.2
88.6
31.2
88.0
33
34
105.2
304.9
317.3
105.5
312.5
104.2
313.1
109.4
321.9
103.3
326.5
307.5
35
258.9
234.8
260.0
257.3
249.9
232.8
199.3
93.4
496.3
276.7
219.6
99.9
502.9
278.7
224.2
95.9
451.8
240.9
210.9
92.1
408.5
35.1
81.3
32.2
71.5
24.8
152.1
11.4
415.9
35.5
81.9
33.0
74.2
25.4
154.3
11.5
425.6
36.1
81.4
33.9
75.3
29.8
157.3
11.7
413.8
35.2
78.3
33.2
70.3
26.3
158.8
36
37
38
39
478.5
263.8
214.8
96.2
483.1
264.4
218.7
95.3
484.3
270.6
213.8
91.4
481.4
261.4
40
41
42
43
44
45
46
47
385.1
32.8
76.2
28.5
67.1
25.0
144.4
415.9
35.5
80.7
33.1
72.8
26.6
155.6
395.6
34.8
78.1
29.5
11.1
11.6
48
49
50
788.7
360.5
92.1
840.5
449.1
120.1
51
52
53
54
1,057.1
1,172.5
812.7
1,654.2
1,169.5
1,159.7
957.4
1,669.1
68.6
24.0
149.4
11.3
826.4
387.3
220.0
866.8
11.8
102.8
829.2
427.7
117.8
476.9
129.8
882.1
492.1
129.9
783.8
399.9
102.9
1,110.9
1,181.9
878.9
1,664.7
1,139.1
1,173.2
944.8
1,669.3
1,213.9
1,210.6
1,014.9
1,731.1
1,244.4
1,194.3
1,056.7
1,725.3
1,080.8
1,060.6
813.0
1,550.9
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government,
are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable
nonautomotive consumer goods.
2007
2008
IV
2007
IV
Exports of goods and
services..........................
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts...............................
Computers, peripherals, and
parts 2..............................
Other...................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive..........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Exports of services 1.................
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 goods 1.....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products...........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
Other....................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Imports of services 1.................
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 goods 3
Exports of nonagricultural
goods..................................
Imports of durable goods.........
Imports of nondurable goods....
Imports of nonpetroleum goods
2008
I
II
III
IV
1 1,425.9 1,518.6 1,482.1 1,500.6 1,544.7 1,556.1 1,472.8
998.7 1,062.4 1,037.0 1,048.6 1,088.9 1,098.7 1,013.3
2
3
57.1
60.0
58.9
60.9
62.2
60.4
56.4
4
5
225.8
81.5
144.4
211.6
78.5
133.1
217.2
77.5
139.8
231.5
84.5
147.1
236.4
6
204.1
75.2
129.0
150.4
218.2
78.1
140.1
1
455.3
476.5
478.0
473.7
486.4
491.7
454.2
8
66.3
63.2
72.1
67.3
66.7
66.2
52.4
10
323.4
347.1
338.7
341.0
349.4
354.8
343.1
11
114.2
114.1
118.2
114.7
115.9
122.7
103.1
12
150.4
13
14
15
138.8
79.8
59.1
39.2
147.0
87.1
60.1
43.0
152.3
89.7
62.8
45.8
157.0
90.2
64.3
41.9
142.0
84.2
58.0
39.7
37.8
145.3
77.6
67.6
41.0
16
426.9
455.8
444.7
451.7
455.8
457.4
458.1
17
18
19
13.3
82.2
17.1
37.4
69.0
194.6
14.7
-9.8
10.7
90.5
18.5
38.1
74.9
11.5
13.2
88.2
88.1
18.5
38.2
72.1
202.7
14.9
-9.2
18.0
38.9
72.9
207.6
14.6
- 8.0
9.9
90.7
18.5
38.2
74.4
211.3
14.5
-8.5
9.7
93.2
18.9
36.2
75.9
214.0
12.5
- 12.2
90.0
18.4
39.0
76.2
211.7
14.7
-9.1
2b 1,972.4 1,906.7 1,966.5 1,962.6 1,926.0 1,909.1
1,829.2
26
27
1,677.7
64.2
1,609.1
63.4
1,670.2
63.5
1,662.0
62.7
1,631.6
63.4
1,612.2
63.2
1,530.5
64.4
28
29
30
31
215.8
113.3
103.1
135.4
200.1
209.2
108.8
199.3
134.6
199.5
105.8
94.3
140.2
97.3
124.4
203.0
104.5
99.1
122.3
198.6
105.9
93.6
129.1
32
492.6
495.6
499.2
500.6
511.3
504.2
466.1
33
28.0
26.9
27.9
29.0
29.3
26.0
23.5
288.4
86.1
q
20
21
22
23
24
86.2
211.1
14.1
-9.6
104.7
96.1
129.0
101.1
102.6
66.8
10.0
M
3b
298.0
299.8
302.7
301.0
304.1
305.5
36
246.5
218.1
245.2
240.2
232.2
215.6
184.6
3/
38
39
40
473.2
269.0
205.2
85.1
465.4
263.7
79.7
475.9
274.2
202.9
79.8
467.9
263.2
205.6
79.8
477.2
275.3
203.3
84.1
482.3
276.6
206.8
80.1
434.1
239.8
194.7
75.0
41
42
43
44
45
46
47
48
49
296.4
18.5
54.7
297.8
18.2
54.8
21.3
53.2
19.8
126.7
8.7
-58.8
301.8
17.6
56.0
22.9
53.7
20.3
127.9
8.7
-51.0
295.5
16.6
54.3
21.5
52.0
297.9
16.6
55.0
53.3
20.9
123.9
8.7
-56.1
298.4
17.3
55.4
21.4
51.8
21.4
128.5
8.7
-65.2
298.6
18.5
56.1
19.8
50.9
128.1
8.5
-87.3
-84.1
129.2
9.0
-38.2
50
51
b2
741.2
263.6
62.2
777.7
287.9
65.6
775.5
269.2
63.6
771.2
281.6
65.4
798.8
293.9
67.1
808.4
295.0
65.9
732.5
281.1
64.1
53
54
55
56
938.6
1,152.7
541.0
1,563.4
999.7
1,106.2
518.2
1,503.7
976.2
1,153.0
534.6
1,555.0
985.5
1,134.3
539.9
1,529.7
1,024.8
1,144.6
512.6
1,544.6
1,037.0
1,123.6
510.4
1,528.5
951.3
1,022.3
510.0
1,412.0
21.1
202.6
20.6
21.2
50.4
23.9
128.9
8.6
20.8
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government,
are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services.
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.
Note. Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdoilar 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 2009
Su r v e y
D-37
C u r r e n t B u sin ess
of
5. Saving and Investment
Table 5.1. Saving and Investment
Table 5.3.1. Percent Change From Preceding Period
in Real Private Fixed Investment by Type
[Billions of dollars]
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2007
Seasonally adjusted at annual rates
2008
Line
IV
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 income........
1,956.0
1,903.6
235.6
454.5
57.4
145.0
403.6
42.4
182.4
403.4
647.3
361.2
644.5
-51.2
-192.7
-72.1
-6.3
-218.9
-229.3
10.4
0.0
1,720.5
1,431.1
1,147.0
284.1
289.4
111.8
177.6
1,773.6
-4.4
378.7
20.6
358.1
515.5
1,634.6
1,657.9
-168.5
547.9
267.9
-240.1
411.1
130.8
280.0
496.7
280.3
459.1
-74.1
-109.4
-154.0
-90.9
-209.2
-48.0
-62.7
- 68.0
-89.9
0.0
0.0
-258.6
-236.3
-22.3
-383.1
-330.7
-52.4
0.0
-716.4
-649.6
-66.9
-651.2
-547.6
-103.6
1,833.1
1,523.9
1,225.6
298.3
309.2
118.0
191.3
1,758.6
1.462.3
1.171.4
290.9
296.3
113.9
182.4
1.778.0
1,477.5
1.186.1
291.4
300.5
115.0
185.5
1,803.1
1,497.4
1,205.6
291.8
305.7
116.9
188.8
1,898.1
1,585.9
1,266.0
320.0
312.1
119.2
192.9
1,853.3
1.534.7
1.244.8
289.9
318.7
120.7
197.9
1.874.6
2,593.2
2,501.8
1.917.4
2.568.4
1.837.0
2.530.0
1.771.2
2,493.8
1,820.7
2,517.2
2,466.3
2,130.4
462.8
2,004.1
497.7
2,092.3
476.1
2.3
2.056.1
473.9
2.4
2,000.9
492.8
2,010.9
506.3
1,948.4
517.9
1.8
2.6
2.6
-720.4
-653.3
-695.4
-725.2
-699.1
-81.4
13.9
63.4
136.6
162.8
1.885.6
70.4
-117.5
187.9
872.7
1,865.9
37.7
-122.4
160.1
809.8
1.856.2
-82.6
-215.8
133.1
752.0
2.045.3
-410.7
-532.7
122.0
690.7
1,997.0
-339.1
-428.4
89.3
619.2
14.0
13.4
12.5
11.5
11.5
1.7
1.0
0.0
1.2
-1.7
668.7
-
1. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets.
310.3
0.0
0.0
612.9
2007
2008
2007
2008
IV
I
II
-5.6
2.4
-1.7
-5.3
-20.1
2.5
-1.7
18.5
9.7
—8.8
16.5
Private fixed investment....
Nonresidential............................
1
2
-3.1
4.9
-4.8
-6.2
1.8
3.4
Structures...............................
Commercial and health care
Manufacturing......................
Power and communication....
Mining exploration, shafts,
and wells..........................
Other structures 1................
3
4
5
12.7
8.3
14.1
23.1
11.8
0.7
41.1
14.0
49.5
16.2
9.3
19.3
17.0
14.1
-8.4
13.2
15.5
Equipment and software.......
Information processing
equipment and software...
Computers and peripheral
equipment....................
Software 2........................
O ther 3............................
Industrial equipment............
Transportation equipment....
Other equipment4...............
6
7
8
8.5
8.8
III
IV
6.8
-19.1
-1.8
-7.9
31.6
-11.4
12.8
31.6
17.3
45.3
1.9
- 2.6
-27.8
8.6
-3.6
13.0
23.2
0.2
136.1
0.5
1.1
9
1.7
-2.9
1.0
-0.6
-5.0
-7.5
10
9.6
5.1
10.5
7.2
8.0
-4.2
-18.9
11
12
17.9
13.0
5.4
1.4
0.2
0.8
- 12.6
-5.2
19.3
9.9
7.3
-14.3
-15.2
6.3
16.1
9.9
13
14
15
16
7.2
5.1
3.8
-4.3
-29.2
-1.5
-14.0
-12.5
13.0
-3.6
-46.6
-3.2
-22.4
-4.4
5.3
- 8.8
-44.7
18.0
-30.6
-8.5
-24.8
-16.5
-75.7
-23.8
Residential.................................
17
-17.9
-20.8
-27.0
-25.1
-13.3
-16.0
Structures...............................
Permanent site.....................
Single family....................
Multifamily........................
Other structures 5................
18
19
20
21
22
-18.1
-25.8
-27.4
- 12.8
-5.3
-21.1
-32.2
-36.6
-4.6
- 6.6
-27.3
-39.8
-42.8
-17.7
- 8.2
-25.4
-40.8
-46.2
- 1.1
-3.6
-13.7
-23.2
-30.7
24.7
-3.1
-16.0
-24.2
-30.4
7.8
-7.6
-23.6
-23.7
-39.0
-44.2
-15.0
-7.7
Equipment..............................
23
-1.4
-3.9
-2.5
-4.9
8.0
-17.4
-17.4
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 6..........................
Nonresidential structures.....
Residential structures..........
24
-7.1
- 6.6
-12.5
-10.4
1.6
-3.1
- 12.1
25
1.7
-2.9
0.9
- 0.6
-4.9
-7.6
-27.8
26
27
28
-6.3
12.7
-18.4
-5.5
11.7
-21.3
-11.5
8.5
-27.5
- 10.1
8.5
-26.9
2.1
18.3
-14.7
- 2.6
9.6
-16.9
-11.5
-1.9
-24.1
10.0
2.1
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.
February 2009
National Data
D-38
Table 5.3.2. Contributions to Percent Change in Real Private Fixed
Investment by Type
Table 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes
[|ndex numbers, 2000 = 100]
Seasonally adjusted
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Line
2008
I
II
III
Private fixed investment....
1
-3.1
-4.8
-6.2
-5.6
-1.7
-5.3
-20.1
Percentage points at annual
rates:
Nonresidential...........................
2
3.20
1.26
2.40
1.77
1.84
-1.27
-14.62
Structures..............................
Commercial and health care
Manufacturing......................
Power and communication...
Mining exploration, shafts,
and wells.........................
Other structures 1................
3
4
5
2.43
0.59
0.18
0.52
2.68
0.05
0.65
0.41
1.94
0.72
0.67
0.47
2.04
-0.32
4.36
2.50
-0.80
0.37
0.24
-0.46
-0.70
0.74
-0.44
8
0.46
0.67
0.95
0.62
Equipment and software.......
Information processing
equipment and software ...
Computers and peripheral
equipment...................
Software 2 .......................
Other 3.............................
Industrial equipment............
Transportation equipment....
Other equipment4...............
9
0.78
-1.42
13
14
15
16
Residential.................................
Structures..............................
Permanent site....................
Single family....................
Multifamily.......................
Other structures 5................
Equipment..............................
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 6..........................
Nonresidential structures.....
Residential structures..........
6
/
0.02
0.22
1.79
0.70
0.02
-0.49
0.58
0.84
0.59
1.72
0.81
2.60
0.10
0.09
-0.14
0.46
-0.27
-2.52
-3.78
-14.16
10
2.10
1.22
2.44
1.77
2.01
- 1.12
-4.93
11
12
0.70
0.94
0.47
0.78
0.68
1.02
1.07
0.56
0.24
0.63
-1.31
-1.16
0.49
0.02
1.20
-1.03
-0.41
0.33
0.55
0.35
-0.38
-2.14
- 0.12
0.07
-1.04
-1.07
-0.32
-3.95
-0.26
-1.13
-0.52
0.53
-0.81
-3.21
1.37
-1.37
-0.95
-2.61
-1.44
-5.67
- 2.12
17
-6.25
-6.09
-8.59
-7.40
-3.53
-4.05
-5.51
18
19
20
21
22
-6.25
-5.56
-5.24
-0.32
-0.69
-6.08
-5.25
-5.14
- 0.11
-0.83
-8.58
-7.56
-7.16
-0.41
- 1.02
-7.38
-6.94
-6.92
- 0.02
-0.44
-3.57
-3.19
-3.66
0.47
-0.38
-3.97
-3.03
-3.20
0.17
-0.94
-5.44
-4.57
-4.25
-0.32
- 0.86
23
-0.01
-0.02
-0.01
-0.02
0.03
-0.08
-0.08
0.12
24
-3.82
-3.40
-6.64
-5.34
0.80
-1.47
-5.90
25
0.77
-1.43
0.45
-0.29
-2.49
-3.86
-14.24
26
27
28
-3.09
2.42
-5.51
-2.64
-5.61
1.94
-7.54
-4.85
0.99
4.33
-3.34
-1.14
2.48
-3.63
-5.26
-0.49
-4.78
2.66
-5.31
2.02
- 6.86
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
2008
2007
IV
I
II
III
102.515
106.503
104.969
104.522
103.102
IV
Percent change at annual rate:
Private fixed investment....
2007
Nonresidential...........................
Structures..............................
Commercial and health care
Manufacturing......................
Power and communication....
Mining exploration, shafts,
and wells..........................
Other structures 1................
Equipment and software.......
Information processing
equipment and software...
Computers and peripheral
equipment....................
Software 2........................
Other 3.............................
Industrial equipment............
Transportation equipment....
Other equipment 4...............
1 107.717
2008
IV
97.466
2 112.244 114.295 114.819 115.504 116.212 115.714 109.751
3
4
5
6
7
97.264
87.048
75.083
92.881
108.734 102.076 104.206
87.661
89.911
89.086
86.364
105.942
83.763
105.844 100.294 105.666
108.716 111.257 110.756
89.133
87.099
85.326
107.059 111.222 119.122
105.804 107.551 104.356
8
163.896
95.505
191.745
108.976
167.155
102.543
173.291
105.677
185.600 203.757 204.330
109.978 110.490 109.757
9
117.412
113.965
118.636
118.470
116.961
114.709
105.721
10 139.842 146.919 144.914 147.465 150.324 148.727 141.160
11 230.472 247.179 245.331 254.682 262.580 246.464 224.990
12 134.548 141.445 139.131 142.463 143.201 141.617 138.500
117.627
96.179
81.981
115.475
117.698
96.369
78.949
111.679
121.342
95.494
67.497
110.767
122.931
93.311
58.204
115.457
114.494
89.191
40.871
107.866
80.385
92.110
85.698
82.692
79.154
73.997
79.869
63.229
57.329
111.916
106.665
91.686
80.509
77.259
107.728
109.882
85.216
70.609
66.172
107.427
108.883
82.144
66.108
60.369
113.512
108.043
78.634
61.683
55.132
115.667
105.916
73.483
54.515
47.642
111.057
103.820
123.538
127.738
126.133
128.573
122.582
116.867
114.710
97.805
86.683
113.095
119.116
93.591
61.380
111.442
Residential.................................
17 101.534
Structures..............................
Permanent site.....................
Single family....................
Multifamily........................
Other structures 5................
18 101.216
19 93.247
20 90.399
21 117.306
22 114.250
Equipment..............................
23
128.580
24
100.474
93.854
97.315
94.690
95.063
94.327
91.335
25
117.501
114.042
118.708
118.530
117.055
114.771
105.811
26
27
28
98.988
97.241
98.884
93.498
108.649
77.846
96.681
102.046
90.146
94.142
104.159
83.356
94.638
108.637
80.114
94.021
111.163
76.502
91.190
110.638
71.414
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 6..........................
Nonresidential structures.....
Residential structures..........
13
14
15
16
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers' commissions on the sale of structures.
February 2009
Su r v e y
of
D-39
C u r r e n t B u sin ess
Table 5.3.4. Price Indexes for Private Fixed Investment by Type
Table 5.3.5. Private Fixed Investment by Type
[Index numbers, 2000=100]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted
Line
2007
2008
2007
IV
Private fixed investment....
Nonresidential............................
Structures..............................
Commercial and health care
Manufacturing......................
Power and communication...
Mining exploration, shafts,
and wells.........................
Other structures 1................
I
II
III
3 157.662 163.326 159.138 160.182 161.496 164.285 167.341
4 145.646 150.330 147.712 148.729 149.067 150.169 153.357
5 138.106 145.234 140.011 141.573 142.078 145.475 151.810
6 143.206 152.477 145.296 146.941 149.897 154.762 158.306
7 265.158 273.094 263.966 265.221 269.548 277.090 280.516
8 138.742 141.934 140.532 140.978 141.296 142.169 143.294
9 94.870 95.507
94.798
94.700
95.101
96.519
95.710
11
12
Residential.................................
10
95.555
148.803
163.773
138.143
556.3
181.2
49.1
75.5
508.7
182.6
37.3
68.2
522.7
182.2
38.9
72.6
549.8
182.7
48.4
74.2
572.4
179.9
51.5
77.9
580.4
180.0
57.5
77.3
8
118.1
92.6
142.6
108.0
120.0
100.6
125.0
104.0
136.1
108.5
153.5
109.7
155.9
109.8
6
7
937.6
514.4
34.874
96.723
91.346
122.850
116.304
121.789
11
12
90.4
241.2
205.8
180.5
111.4
170.7
95.7
235.6
95.8
241.8
13
14
15
16
93.7
227.3
196.8
180.6
157.2
168.0
201.2
202.0
179.9
148.4
172.6
182.0
142.1
167.3
96.8
244.6
209.5
183.2
121.4
166.5
89.2
242.5
212.9
182.2
105.5
176.6
79.7
236.0
198.7
174.4
76.5
172.3
136.687 135.535 132.672
Residential.................................
17
630.2
487.8
571.3
528.1
505.0
479.4
438.7
Structures..............................
Permanent site.....................
Single family....................
Multifamily........................
Other structures 5................
18
19
478.6
230.4
186.0
44.4
248.2
561.8
304.2
259.8
44.4
257.6
518.7
263.4
219.7
43.7
255.3
495.6
242.5
197.1
45.4
253.1
470.2
20
21
22
620.7
353.4
305.2
48.2
267.3
177.1
45.5
247.6
429.9
193.1
150.2
42.9
236.8
Equipment.............................
23
9.5
9.2
9.5
9.3
9.5
9.2
8.8
24
1,100.9
1,034.9
1,070.5
1,041.5
1,045.4
1,042.6
1,010.3
25
1,033.1
1,009.0
1,042.9
1,040.2
1,031.6
1,018.0
946.4
26
27
28
1,017.1
479.7
537.4
969.8
555.6
414.3
998.1
508.2
489.9
971.7
522.1
449.6
978.1
549.1
429.0
978.4
571.6
406.8
951.2
579.5
371.6
138.512
140.827
140.224
144.018
134.364
137.276
138.467
137.874
141.605
134.220
136.061 133.126
136.207 133.719
135.624 133.146
139.293 136.749
133.968 130.701
100.461
100.246
101.678 101.831
146.147
146.120
146.097
94.848
94.750
95.145
95.761
96.564
148.083 148.062
159.549 160.603
141.173 140.117
148.255
161.927
139.124
149.270
164.739
138.138
149.627
167.825
135.192
146.842
146.959
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
480.3
174.4
33.0
62.3
3
4
5
544.5
135.699 138.803 137.900
94.921
Structures...............................
Commercial and health care
Manufacturing......................
Power and communication....
Mining exploration, shafts,
and wells..........................
Other structures 1................
1,008.8
17
147.387
158.055
141.150
1,518.0
550.9
35.608
97.196
91.160
122.615
112.692
116.616
25
1,956.7
1,581.2
1,022.1
36.297
96.976
90.863
120.525
111.849
114.579
26
27
28
2,060.6
1,571.9
539.6
37.024
96.339
90.345
118.620
111.871
114.175
146.504
2,077.0
1,553.6
1,030.9
38.391
96.147
90.047
117.484
112.519
113.933
145.566
2,081.7
1,542.1
532.5
35.951
96.809
90.929
121.152
113.179
116.790
24
2,113.4
1,556.2
1,033.4
40.062
95.888
13 90.278
14 115.968
15 112.762
16 113.222
100.635
2,044.0
1 2,134.0
2 1,503.8
IV
537.3
77.923
101.054
III
999.9
78.293
100.892
II
517.7
78.370
23
I
1,023.5
78.245
Equipment.............................
IV
9
78.586
138.884
Private fixed investment....
Nonresidential............................
2008
2007
10
78.208
18 139.508 136.244 139.431
19 142.989 137.305 142.608
20 142.573 136.717 141.997
21 145.435 140.416 145.839
22 134.056 133.313 134.368
2008
Equipment and software.......
Information processing
equipment and software...
Computers and peripheral
equipment....................
Software2........................
Other 3.............................
Industrial equipment............
Transportation equipment....
Other equipment 4 ...............
79.170
Structures..............................
Permanent site....................
Single family....................
Multifamily.......................
Other structures 5................
2007
IV
1 117.995 118.770 118.189 118.117 118.353 119.037 119.573
2 108.739 110.537 109.015 109.177 109.788 110.913 112.268
Equipment and software.......
Information processing
equipment and software...
Computers and peripheral
equipment...................
Software 2 .......................
Other 3.............................
Industrial equipment............
Transportation equipment....
Other equipment4...............
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 6..........................
Nonresidential structures.....
Residential structures..........
Line
2008
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 6..........................
Nonresidential structures.....
Residential structures..........
222.6
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers' commissions on the sale of structures.
2. Excludes software “embedded," or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
D-40
February 2009
National Data
Table 5.3.6. Real Private Fixed Investment by Type, Chained Dollars
Table 5.6.5B. Change in Private Inventories by Industry
[Billions of chained (2000) dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Private fixed investment....
Nonresidential...........................
Structures..............................
Commercial and health care
Manufacturing......................
Power and communication...
Mining exploration, shafts,
and wells.........................
Other structures 1................
Equipment and software.......
Information processing
equipment and software...
Computers and peripheral
Software 3 .......................
O ther 4.............................
Industrial equipment............
Transportation equipment....
Other equipment5...............
Line
2008
I
II
III
304.6
119.7
23.9
43.5
340.5
8
44.5
66.7
9
1,078.9
52.1
76.1
1,047.2
10
653.9
687.0
6
/
11
12
13
14
15
16
237.0
218.0
155.7
139.4
148.4
120.6
33.7
49.5
319.7
123.7
26.6
46.9
326.4
122.5
27.5
49.5
340.5
34.0
49.5
348.4
119.8
35.4
50.3
346.9
117.4
37.9
48.8
45.4
71.6
47.1
73.8
50.4
76.8
55.4
77.2
55.5
76.7
1,090.1
1,088.6
1,074.7
1,054.0
971.5
677.6
689.6
702.9
695.5
660.1
249.2
226.3
149.0
98.7
146.2
245.1
223.5
153.1
131.9
151.5
251.0
223.6
153.4
127.0
146.5
122.6
252.3
230.6
152.0
108.6
145.3
249.5
233.6
148.6
93.6
151.5
244.0
217.6
142.0
65.7
141.5
Residential.................................
17
453.8
359.2
411.6
383.0
369.6
353.7
330.7
Structures..............................
Permanent site....................
Single family....................
Multifamily.......................
Other structures 6................
18
19
351.1
167.6
135.7
31.6
186.1
403.0
213.4
182.9
30.4
191.7
374.6
187.1
156.7
30.4
190.0
361.1
175.2
142.9
32.1
188.5
345.6
163.5
130.5
32.7
184.8
323.0
144.5
20
21
22
444.9
247.1
214.1
33.1
199.4
Equipment..............................
Residual.....................................
23
24
9.5
-78.2
9.1
-93.4
9.4
-94.4
9.3
-104.3
9.5
-106.6
9.0
-90.8
8.6
-72.9
25
756.3
706.5
732.5
712.8
715.6
710.0
687.5
26
1,088.4
1,056.3
1,099.5
1,097.9
1,084.2
1,063.1
980.1
27
28
29
690.1
303.5
380.7
651.8
339.1
299.7
674.0
318.5
347.1
656.3
325.1
320.9
659.8
339.1
308.4
655.5
347.0
294.5
635.7
345.3
274.9
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 7..........................
Nonresidential structures.....
Residential structures..........
112.8
31.4
181.2
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.
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is
the difference between the first line and the sum of the most detailed lines.
2008
2008
2007
I
IV
IV
1 1,808.5 1,721.2 1,788.2 1,762.4 1,754.9 1,731.1 1,636.4
2 1,382.9 1,408.2 1,414.7 1,423.1 1,431.8 1,425.7 1,352.2
3
4
5
2007
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
value 1 .............................
Nonfarm inventory valuation
adjustment2 ....................
Wholesale trade.......................
Merchant wholesale trade
Durable goods industries
Nondurable goods
industries.....................
Nonmerchant wholesale
trade................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
II
-21.1
5.7
-7.7
3.0
16.9
-14.0
- 2.0
3.9
-5.9
-22.4
-26.6
3.3
-39.9
-3.1
-15.9
- 6.6
6.4
-13.0
2.4
8.5
- 6.1
-16.6
- 6.6
0.4
- 2.2
-8.3
- 0.1
- 1.1
4.3
2.3
-15.4
18.1
3.9
14.2
- 8.0
6.4
-14.4
- 20.8
-10.4
0.4
-3.1
-7.7
0.3
-3.6
- 10.2
6.5
-5.2
-39.9
-5.7
-34.2
-36.8
- 21.1
- 6.1
-14.9
-26.7
-25.6
-7.2
-18.4
-25.8
-3.6
1.6
- 1.1
-4.9
- 0.2
-4.7
3.6
-1.7
5.4
- 6.2
- 8.6
0.9
-0.5
2.0
-25.6
0.2
1.0
-76.0
-4.1
-14.4
-37.2
-19.7
-17.5
III
IV
-49.7
-4.2
-15.0
-38.7
-S .2
-30.6
5.6
23.6
-18.0
4.0
5.2
- 6.2
-4.2
- 0.8
-1.5
-1.3
-8.3
-4.5
-18.6
31.6
49.7
-18.1
9.8
1.3
8.5
-31.5
- 8.1
-0.9
-4.8
-17.6
4.9
-76.0
-43.9
-32.1
-71.9
-49.7
10.9
-60.5
-45.5
-8.3
17.5
-25.8
-3.8
2.1
2.8
-0.7
-18.3
-13.1
0.8
0.1
1.2
20
54.4
18.0
60.6
111.0
124.9
51.2
-215.0
21
22
-54.8
2.4
8.9
13.5
-87.3
- 2.0
-96.7
5.6
211.1
3.2
-136.8
- 8.0
- 2.1
14.6
-196.8
23
24
-59.6
3.6
5.9
- 1.2
25
7.1
-4.6
- 1.0
-16.7
-2.3
-6.5
-4.2
-5.9
26
2.2
2.1
12.8
11.6
29.0
9.8
3.3
-1.3
1.2
-7.4
4.6
-10.7
-16.0
6.5
21.6
1. This series is derived from the Census Bureau series “current cost inventories."
2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business incomes. The
IVA in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) underlying inventories derived
primarily from Census Bureau statistics (see footnote 1). This mix differs from that underlying business income derived
primarily from Internal Revenue Service statistics.
N o t e . 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
2007
2008
2007
IV
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................................
1
2
-2.5
3
4
5
- 0.6
-3.5
6
-3.2
3.2
-1.5
4.0
-5.6
- 8.6
0.7
-0.4
7
8
9
10
11
12
13
14
15
16
1.0
0.0
1.8
3.0
1.3
-21.0
3.1
-9.3
-3.5
5.4
-7.7
2.8
7.2
- 2.8
-14.3
- 6.6
0.3
-1.9
-6.5
0.3
-2.5
2008
II
I
-8.1
10.5
-5.0
2.9
13.8
-9.1
-1.5
3.5
-4.2
- 20.2
-26.6
0.8
- 1.0
3.9
2.1
3.2
-10.2
6.0
-9.4
13.7
3.0
9.7
-5.1
5.6
-8.4
-18.5
-10.3
0.3
- 2.8
-6.5
0.3
2.3
III
-50.6
2.4
- 8.0
-26.0
-14.4
-11.3
1.0
2.3
- 0.8
-16.0
-13.0
0.6
0.1
-5.1
-3.4
0.0
IV
-29.6
6.2
2.2
1.8
- 8.0
-25.6
-5.7
-18.0
4.2
19.7
- 10.8
3.5
5.1
0.9
-0.7
- 1.2
- 1.0
- 12.1
- 11.6
23.8
38.5
-11.3
11.2
1.1
8.8
-26.1
- 8.1
-0.7
-4.2
-13.1
5.4
-0.4
- 21.0
-4.4
-15.7
-25.6
7.9
11.4
2.0
- 10.2
- 6.1
-4.3
-17.9
-5.1
-0.5
23
-2.5
-8.7
5.3
-3.7
3.2
5.2
- 1.0
2.9
12.8
9.6
9.8
-29.6
9.3
-34.3
-33.3
4.2
16.2
24.1
24
5.5
-1.9
-0.7
-10.3
0.8
-4.6
6.4
25
- 1.8
-4.3
-3.2
-4.1
-7.4
- 10.2
4.7
17
18
19
20
21
22
2.8
- 8.1
-5.2
-3.2
- 20.6
-1.5
-50.6
-36.1
-16.9
-55.1
1.0
6.2
15.4
-7.2
4.0
11.2
6.3
- 1.1
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 chaineddollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most
detailed lines.
N o te.
February 2009
Sur v ey
D-41
C u r r e n t B u sin ess
of
Table 5.7.5B. Private Inventories and Domestic Final Sales by Industry
[Billions of dollars]
Table 5.7.6B. Real Private Inventories and Real Domestic Final Sales
by Industry, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted quarterly totals
Line
2007
IV
Private inventories 1..........................................
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.............................
II
III
3
4
5
6
7
8
9
10
11
12
13
14
15
91.5
628.7
356.9
271.8
511.9
278.8
233.1
517.0
152.6
42.1
81.0
241.2
147.8
Final sales of domestic business 2...................
Final sales of goods and structures of
domestic business 2.....................................
26
477.6
95.2
661.9
373.4
288.5
531.2
286.6
244.5
518.4
150.8
43.2
81.6
242.9
151.4
103.5
697.2
389.9
307.3
552.3
295.3
256.9
522.4
147.9
44.6
82.8
247.1
153.9
2,178.2 2,264.4
927.0
949.7
1,251.2 1,314.7
1,958.0 2,029.3
531.2
552.3
456.9
475.5
254.4
264.5
202.5
211.0
74.3
76.8
804.1
813.7
476.4
98.9
677.8
387.4
290.4
546.4
302.5
243.9
527.0
149.7
45.3
83.5
248.4
156.7
78.2
609.9
371.0
238.9
501.1
290.1
211.1
507.2
145.9
44.0
82.1
235.2
151.7
2,233.8 2,052.0
956.7
915.7
1,277.1 1,136.4
2,006.8 1,848.3
546.4
501.1
442.3
476.1
272.8
260.9
181.4
203.3
70.3
58.9
814.4
800.9
481.1
479.2
464.6
27
28
2.61
2.37
2.71
2.44
2.78
2.49
2.74
2.46
2.56
2.31
29
3.97
4.11
4.22
4.19
3.98
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from currentdollar inventories in this table is not the current-dollar change in private inventories component of GDP. The former is the
difference between two inventory stocks, each valued at its respective end-of-quarter prices. The latter is the change in the
physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at
quarterly rates, whereas, the change in private inventories is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross
output of general government, gross value added of nonprofit institutions, compensation paid to domestic workers, and
space rent for owner-occupied housing. It includes a small amount of final sales by farm and by government enterprises.
N o t e . Estimates in this table are based on the North American Industry Classification System (NAICS).
Table 5.7.9B. Implicit Price Deflators for Private Inventories by Industry
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
IV
Private inventories 1..........................................
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..............................
2008
I
II
III
183.703
149.268
137.343
167.903
136.069
119.684
161.660
114.900
16
17
18
19
137.369
122.529
150.821
134.250
136.069
133.482
20
21
22
23
24
126.644
114.630
137.519
124.674
127.474
125.316
113.778
143.859
141.673
132.316
117.709
145.562
129.077
132.696
130.449
116.338
153.162
147.483
138.617
121.997
153.697
135.001
137.889
134.838
119.620
159.365
158.353
101.212
133.924
115.354
122.215
123.845
153.668
132.574
127.178
140.430
123.928
114.638
137.880
112.178
100.015
130.947
114.987
117.570
118.681
126.069
116.700
134.483
123.559
123.928
123.449
120.111 114.982
154.883 136.557
153.079 124.938
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 o te.
IV
1 126.644 132.316 138.617 137.369 126.069
2 149.068 169.647 180.322 173.373 155.092
3 152.031 164.593 185.324
4 135.620 141.740 151.408
5 124.625 130.063 137.523
6 152.835 160.029 173.197
7 127.474 132.696 137.889
8 113.402 115.925 119.176
9 149.499 158.996 167.290
10 110.842 112.258 114.119
11 100.057 100.562 100.856
12 126.304 129.248 132.804
13 110.609 112.391 114.066
14 116.847 118.560 121.357
15 115.881 118.630 121.371
Line
IV
1 2,088.0 2,178.2 2,264.4 2,233.8 2,052.0
2
220.2
191.2
235.1
227.0
203.8
16 2,088.0
17
904.4
18 1,183.6
19 1,896.8
20
511.9
21
439.1
22
245.2
23
193.9
24
72.8
25
800.9
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.............................................................
Seasonally adjusted quarterly totals
2008
I
2007
IV
Private inventories 1.........................................
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..........................................................
2008
I
II
III
IV
1 1,648.7 1,646.2 1,633.6 1,626.2 1,627.7
130.4
130.9
131.4
2
128.3
129.8
55.8
460.5
283.5
177.5
400.5
247.8
153.6
457.8
146.7
33.6
72.6
203.6
126.8
1.7
53.8
454.1
282.1
173.0
401.6
252.7
150.9
458.7
147.9
33.8
72.4
203.3
126.5
- 1.1
50.9
460.1
291.7
170.1
404.4
253.0
153.1
452.2
145.9
33.6
71.4
1.2
57.8
467.0
287.1
180.3
400.3
247.2
153.8
461.8
149.9
33.4
72.6
204.8
127.6
1.9
1,646.2
787.5
859.6
1,516.9
400.3
350.2
218.7
132.2
50.4
1,633.6
778.5
855.4
1,503.2
400.5
352.6
23
24
25
1,648.7
789.0
860.7
1,521.4
401.5
350.4
215.5
134.8
51.4
132.4
48.5
1,626.2
780.8
846.8
1,494.8
401.6
356.7
227.1
131.3
45.9
1,627.7
784.6
845.0
1,495.9
404.4
358.3
226.9
132.9
47.1
Final sales of domestic business 2..................
26
693.1
693.4
702.8
696.1
681.9
Final sales of goods and structures of
domestic business 2.....................................
27
428.4
426.5
435.3
429.2
412.6
28
29
2.38
2.20
2.37
2.19
2.32
2.14
2.34
2.15
2.39
2.19
30
3.55
3.56
3.45
3.48
3.63
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............................
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................................................................
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
60.2
463.6
286.4
177.8
401.5
245.8
155.9
466.4
152.5
33.3
73.3
206.5
127.5
221.1
200.0
127.9
-1.3
1. Inventories are as of the end of the quarter. The quarter-to-quarter changes calculated from this table are at quarterly
rates, whereas the change in private inventories component of GDP is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross
output of general government, gross value added of nonprofit institutions, compensation paid to domestic workers, and
space rent for owner-occupied housing. It includes a small amount of final sales by farm and by government enterprises.
N o t e . 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.
D-42
National Data
February 2009
6. Income and Employment by Industry
Table 6.1 D. National Income Without Capital Consumption Adjustment by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
National income without capital consumption adjustment....
12.362.4
12.528.4
12.347.7
12.379.0
12.421.2
Domestic industries...............................................................................
12,260.0
12,363.0
12.265.1
12.294.3
Private industries...............................................................................
Agriculture, forestry, fishing, and hunting.........................................
Mining..............................................................................................
Utilities.....
Construction
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Retail trade
Transportation and warehousing......................................................
Information
Finance, insurance, real estate, rental, and leasing..........................
Professional and business services 1..............................................
Educational services, health care, and social assistance.................
Arts, entertainment, recreation, accommodation, and food services.
Other services, except government.................................................
10.806.5
117.4
204.9
216.3
563.5
1.489.6
839.8
649.8
765.2
908.0
361.5
463.4
2.193.0
1,717.3
1.060.1
449.9
296.4
10.884.5
121.4
212.5
224.3
541.5
1.475.4
845.1
630.3
754.6
907.9
359.2
485.1
10,745.6
110.1
226.1
218.5
522.9
1.397.2
769.4
627.9
739.5
877.6
342.0
478.0
2.175.2
1,786.0
1,110.9
459.3
302.3
10,755.2
103.7
246.8
219.5
516.8
1,450.1
781.8
455.6
302.5
12,209.5
10.708.7
113.5
216.3
207.1
527.4
1.419.7
800.0
619.8
723.8
892.8
343.8
465.9
2.165.9
1.788.9
1.096.9
446.7
299.8
Government........................................................................................
1.453.6
102.4
1.478.5
1.500.7
138.2
1,519.5
113.9
1.539.1
165.4
Rest of the world....................................................................................
2 ,200.2
1.743.4
1 , 101.1
668.2
773.4
869.0
339.8
468.6
2.087.0
1,806.8
1,117.7
453.5
302.4
126.8
1. Consists of professional, scientific, and technical sen/ices; management of companies and enterprises; and administrative and waste management services.
N o t e . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
Table 6.16D. Corporate Profits by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
IV
III
II
Corporate profits with inventory valuation and capital consumption adjustments
1,642.4
1,611.1
1.593.5
1,533.3
1,514.8
Domestic industries............................................................................................................
Financial1....
Nonfinancial..
1,297.8
429.7
868.1
1,189.7
370.3
819.5
1.195.1
407.6
787.4
1,159.8
376.6
783.2
1,136.4
301.1
835.3
Rest of the world
Receipts from the rest of the world....................................................................................
Less: Payments to the rest of the world.............................................................................
344.7
509.2
164.5
421.3
553.1
131.8
398.5
556.8
158.3
373.5
565.7
192.2
378.4
555.3
176.9
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 goods 3
Nondurable goods
Food and beverage and tobacco products.............................................................
Petroleum and coal products.................................................................................
Chemical products
Other nondurable goods 4
Wholesale trade...
Retail trade..........
Transportation and warehousing
Information..........
Other nonfinancial5
1,835.1
1,490.5
449.9
37.7
412.2
1,040.6
58.5
316.6
127.4
21.7
22.3
13.5
10.9
-5.9
64.9
189.3
38.5
66.9
66.4
17.5
1,820.2
1,398.9
392.4
36.5
355.9
1,006.5
63.2
292.1
128.3
1,596.0
1,222.5
383.2
31.0
352.2
839.3
56.7
214.9
54.2
15.1
14.8
1,602.8
1,224.4
308.8
34.4
274.3
915.6
59.1
272.6
68.4
14.7
12.3
4.0
5.6
- 20.2
52.0
204.2
40.8
92.0
70.8
132.3
42.7
103.0
284.9
22.0
15.4
11.5
-7.7
64.3
163.8
38.7
33.6
73.8
17.8
80.2
124.5
37.7
117.9
290.9
1.641.5
1.243.1
412.8
35.8
377.1
830.2
46.2
240.5
85.5
18.9
19.2
14.4
6.9
-19.9
46.1
155.0
34.8
48.8
60.2
Rest of the w orld.................................................................................................................
344.7
421.3
102.6
22.8
6.6
49.2
112.0
24.4
106.0
252.0
5.9
-27.4
39.3
160.7
40.9
36.6
78.5
4.7
59.4
92.7
24.8
115.0
275.8
398.5
373.5
11.1
0.6
92.1
86.2
25.2
103.8
276.6
378.4
1. Consists of finance and insurance and bank and other holding companies.
2. Consists of credit intermediation and related activities; securities, commodity contracts, and other financial investments and related activities; insurance carriers and related activities; funds, trusts, and other finan
cial vehicles; and bank and other holding companies.
3. Consists of wood products; nonmetallic mineral products; primary metals; other transportation equipment; furniture and related products; and miscellaneous manufacturing.
4. Consists of textile mills and textile product mills; apparel; leather and allied products; paper products; printing and related support activities; and plastics and rubber products.
5. Consists of agriculture, forestry, fishing, and hunting; mining; construction; real estate and rental and leasing; professional, scientific, and technical sen/ices; administrative and waste management services; educa
tional services; health care and social assistance; arts, entertainment, and recreation; accommodation and food sen/ices; and other services, except government.
N o t e . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
February 2009
Survey
of
D-43
C u r r e n t B u sin ess
7. Supplemental Tables
Table 7.1. Selected Per Capita Product and Income Series in
Current and Chained Dollars
Table 7.2.1 B. Percent Change from Preceding Period in
Real Motor Vehicle Output
[Dollars]
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
Current dollars:
Gross domestic product..........
Gross national product............
Personal income......................
Disposable personal income....
Personal consumption
expenditures........................
Durable goods.....................
Nondurable goods...............
Services..............................
Chained (2000) dollars:
Gross domestic product..........
Gross national product............
Disposable personal income....
Personal consumption
expenditures........................
Durable goods.....................
Nondurable goods...............
Services..............................
Population (midperiod, thousands)
1
?
3
4
b
6
7
8
9
m
11
12
2007
2008
2007
2008
Line
IV
I
II
III
46,626
47,081
39,409
34,351
47,001
47,376
39,957
35,531
47,275
47,691
39,883
35,066
46,674
45,760
46,100
38,654
33,706
46,894
39,730
34,929
46,328
46,874
39,199
34,179
32,181
3,589
9,389
19,203
33,030
3,358
9,743
19,929
32,664
3,576
9,596
19,492
32,957
3,529
9,722
19,705
33,335
3,483
9,951
19,901
33,337
3,333
9,986
20,017
32,492
3,090
9,312
20,090
38,192
38,476
28,648
38,326
38,369
38,824
28,670
38,372
38,751
28,560
38,561
38,872
29,234
38,418
38,762
28,501
37,954
28,740
2007
2008
IV
39,671
34,768
28,664
27,351 27,177 27,399 27,401 27,427 27,095 26,788
13
4,117
3,902
4,129
4,076
4,039
3,871
3,624
14
7,929
7,822
7,901
7,960
7,794
7,925
7,633
15 15,398 15,482 15,440 15,500 15,494 15,453 15,482
16 301,737 304,530 302,865 303,498 304,128 304,872 305,620
2007
IV
2008
I
II
III
IV
Motor vehicle output.....
Auto output..................
Truck output.................
1
2
- 1.1
- 1.8
-0.7
-17.7
-7.1
-24.1
-25.7
-9.1
-34.3
-14.2
-3.9
- 20.2
-33.8
-7.0
-48.0
7.3
13.9
3
2.2
-63.4
- 68.0
-59.2
Final sales of domestic product
4
0.0
-17.9
4.5
-18.8
-35.9
-15.5
-54.7
0.0
6.1
25.5
-11.9
-20.9
-10.4
-23.0
-25.3
23.4
-28.9
-35.0
-53.6
-41.9
-52.1
-58.7
Personal consumption
expenditures......................
New motor vehicles..............
Autos...............................
Light trucks (including
utility vehicles).............
Net purchases of used autos
and used light trucks........
Used autos......................
Used light trucks (including
utility vehicles).............
Private fixed investment........
New motor vehicles..............
Autos................................
Trucks..............................
Light trucks (including
utility vehicles).........
Other............................
Net purchases of used autos
and used light trucks........
Used autos......................
Used light trucks (including
utility vehicles).............
fa
2.1
6
7
0.9
-3.8
-14.9
-19.4
- 10.8
8
4.7
-25.8
-6.3
-28.4
-53.0
-9.6
-45.4
9
4.6
- 1.2
- 10.8
- 11.2
8.1
10
- 6.0
-8.9
-18.8
-19.3
-17.0
-23.8
-20.9
-31.7
11
12
9.3
10.2
-3.4
-10.4
7.2
-18.4
- 10.6
-10.5
13
14
15
-15.6
-6.7
2.4
- 11.1
-32.1
- 21.1
-14.3
-24.8
- 8.6
-11.4
- 6.8
-14.0
-23.3
-17.0
-17.1
-17.0
-56.1
-36.3
-14.8
-46.7
-40.2
-23.3
-12.7
-29.8
-80.6
-61.9
-69.0
-56.2
16
17
-0.3
-36.7
-25.5
-23.1
-16.2
-3.8
-15.4
-23.5
-55.4
5.0
-30.5
-27.2
- 66.6
-5.4
18
19
13.5
7.9
- 2.2
- 0.6
-15.8
-21.5
-5.9
13.6
6.6
7.3
2.5
8.9
-26.9
-38.7
20
19.0
-3.6
- 10.6
-20.3
6.0
-3.1
-14.3
Gross government
investment..........................
Autos...................................
Trucks ..................................
21
22
2.3
0.5
2.8
-1.4
-4.8
-0.5
-15.0
91.5
-31.5
-17.8
-31.0
-13.5
-25.4
-41.5
- 20.2
16.6
44.3
9.8
-25.7
23
Net exports.............................
Exports...............................
Autos...............................
Trucks..............................
Imports.................................
Autos................................
Trucks..............................
?4
2b
26
27
28
29
30
22.7
32.0
14.0
- 2.6
- 1.6
-3.6
7.8
19.0
-4.3
-10.9
0.3
-21.5
22.6
- 11.1
-16.4
-5.5
-10.9
6.4
-28.3
- 2.8
7.4
- 12.1
4.7
10.7
-2.7
-7.8
-3.5
- 12.1
52.4
55.1
48.8
-33.8
5.0
-61.8
-59.1
-54.5
-64.8
-50.4
-31.0
-69.5
Change in private inventories....
Autos.......................................
New.....................................
Domestic..........................
Foreign............................
Used
Trucks.
New
Domestic..........................
Foreign.............................
Used 1
31
3?
33
34
35
3fi
37
38
39
40
41
Addenda:
Final sales of motor vehicles to
domestic purchasers............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported new autos 3
42
-3.0
-18.8
- 2.8
-15.0
-32.3
-30.0
-52.2
43
44
45
0.8
- 20.8
-3.0
-10.5
-12.4
4.3
-1.3
-16.1
- 0.8
- 20.2
-40.8
-23.7
42.5
- 22.6
53.3
-42.7
-67.8
-64.6
-56.3
-3.3
3.2
31.9
12.7
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
6.0
-33.3
D-44
National Data
February 2009
Table 7.2.3B. Real Motor Vehicle Output, Quantity Indexes
Table 7.2.4B. Price Indexes for Motor Vehicle Output
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
Motor vehicle output......
Auto output...................
Truck output..................
1 113.904
2 100.871
Final sales of domestic product
Personal consumption
expenditures.......................
New motor vehicles..............
Autos...............................
Light trucks (including
utility vehicles)..............
Net purchases of used autos
and used light trucks........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Private fixed investment........
New motor vehicles..............
Autos................................
Trucks...............................
Light trucks (including
utility vehicles)..........
Other............................
Net purchases of used autos
and used light trucks........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Gross government investment
Autos....................................
Trucks...................................
Net exports
Exports
Autos
Trucks
Imports
Autos
Trucks...............................
Change in private inventories....
Autos.,
New
Foreign
Used
Trucks.
New
Foreign
Used 1..................................
Addenda:
Final sales of motor vehicles to
domestic purchasers............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported new autos 3
2008
I
II
Line
III
106.030
99.746
110.483
95.654
97.957
93.809
97.343
101.190
94.325
75.720
76.103
75.393
4 119.594
98.190
113.613
101.676
97.481
79.989
b 115.840
6 118.554
7 101.340
98.544 114.675 111.109 104.072
95.531 117.140 110.459 102.699
90.434 102.650
99.882 105.272
95.563
92.224
86.899
83.431
76.742
69.684
99.477
97.008
83.403
106.417
87.913
101.564
82.140
95.787
74.674
3
123.268
119.686
8 134.736 100.016 130.655 120.174
9
10
110.623
92.577
103.969
84.369
109.937
90.717
112.107
92.747
2007
2008
11 132.777 128.200 133.561 135.897 129.162 125.594 122.146
12 100.189 68.001 96.734 90.513 73.668 64.795 43.028
13 106.460
14 96.977
15 112.570
84.033
83.094
84.622
104.012
97.240
108.369
99.266
92.789
103.433
88.679
89.136
88.362
82.994
86.170
80.894
65.192
64.280
65.799
16 127.170
17 77.587
94.788
59.685
126.311
65.964
121.135
61.695
98.968
62.455
90.360
57.695
68.690
56.897
18 115.249
19 101.215
112.692
100.589
114.881
97.983
113.153
101.164
114.972
102.955
115.682
105.170
106.961
93.070
20 131.278 126.499 134.225 126.830 128.680 127.667 122.818
21 128.541 126.712 140.382 133.665 124.238 129.097 119.848
22 111.978 106.658 122.991 112.084 98.039 107.459 109.048
2007
IV
IV
93.687 110.163
93.749 100.751
93.502 116.888
Motor vehicle output......
Auto output...................
Truck output..................
Final sales of domestic product
Personal consumption
expenditures.......................
New motor vehicles..............
Autos.................................
Light trucks (including
utility vehicles)..............
Net purchases of used autos
and used light trucks.........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Private fixed investment.........
New motor vehicles..............
Autos.................................
Trucks...............................
Light trucks (including
utility vehicles)..........
Other.............................
Net purchases of used autos
and used light trucks.........
Used autos.......................
Used light trucks (including
utility vehicles)..............
1
2
96.659
94.315
96.268
95.406
94.770
94.321
92.764
fa
7
95.863
94.607
97.214
94.149
93.188
96.891
95.957
94.475
97.061
95.456
94.021
96.668
94.905
93.634
96.803
94.454
93.295
97.668
91.779
91.803
96.423
8
92.723
90.326
92.604
92.103
91.257
89.818
88.126
99.003 98.408 97.550
101.109 101.066 101.429
96.895
92.261
96.299
98.447
96.279
10 100.575 100.366
9
13
14
15
97.801
97.214
98.205
96.759
96.888
96.675
97.751
97.061
98.210
97.452
96.667
97.967
18
19
85.319
86.343
84.580
85.157
86.054
87.056
86.526
87.321
109.439
106.398 106.493
112.179 112.478
107.253 107.879
105.978 106.905
108.596 108.914
Change in private inventories....
Domestic...........................
Foreign..............................
Used 1 ..................................
31
V
33
34
35
36
37
38
39
40
41
Addenda:
Final sales of motor vehicles to
domestic purchasers............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported new autos 3
134.017
137.199
31
V
33
34
35
Hfi
37
38
39
40
41
New......................................
Domestic...........................
Foreign..............................
Used....................................
42
112.677
91.501
111.247
106.813
96.893
88.624
73.673
43
44
45
112.884
90.459
124.797
89.388
87.748
111.730
112.564
93.127
123.901
107.726
92.936
117.123
94.476
86.855
127.964
88.602
96.644
111.330
66.749
74.556
90.505
102.668
92.652
97.564
89.206
97.096
96.800
97.307
96.823
97.659
96.268
95.665
96.426
95.159
86.160
86.716
85.228
85.553
80.405
81.036
20 84.324 83.985 85.079 85.730 85.581 84.860 79.769
21 107.837 108.876 107.959 108.444 109.020 109.165 108.876
22 103.554 105.242 103.091 103.354 106.225 107.142 104.246
23 109.162 110.023
141.795
94.312
99.248
90.854
16 92.726 90.348 92.605 92.103 91.258 89.887 88.143
17 116.038 118.669 116.693 117.870 118.175 118.653 119.979
?4
25
26
27
28
29
30
147.035
94.710
97.528
92.839
11 96.282 92.518 96.855 95.812 93.959 91.793 88.508
12 107.595 107.031 106.983 106.086 105.746 106.184 110.106
Net exports..............................
Exports.................................
Autos.................................
Trucks...............................
Imports.................................
Autos.................................
Trucks...............................
134.247
IV
3
95.413
97.100
94.318
123.976
134.864
III
4
96.322
98.079
95.185
?4
25 213.573 230.308 235.045 228.382 231.004 256.654 205.193
26 244.559 290.928 278.792 283.120 290.385 324.062 266.146
27 187.144 179.113 197.894 182.075 180.825 199.716 153.835
28 115.740 103.180 115.292 114.477 112.172 101.167 84.903
29 105.268 105.591 106.143 108.056 107.101 108.403 98.805
30 128.049 100.571 126.080 122.092 118.212
92.935
69.043
23
II
96.738
98.795
95.425
6
94.272
97.860
91.805
2008
I
Gross government investment
Autos....................................
Trucks...................................
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
Seasonally adjusted
109.993
109.907 109.828
110.366
110.120 109.345 109.530 109.864 110.158 110.930
108.926
106.099
111.676
106.226
104.763
107.765
106.812
113.441
108.347
106.865
110.045
42
98.471
96.998
98.398
97.845
97.379
97.121
95.646
43
44
45
94.612
98.814
97.215
93.138
98.894
96.893
94.478
98.831
97.063
94.020
98.497
96.669
93.590
98.604
96.805
93.226
99.222
97.669
91.718
99.252
96.428
106.598
113.128
108.198
107.039
109.431
106.661 107.498
113.745 114.412
108.700 108.612
107.211 106.305
110.335 111.501
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
February 2009
Su r v ey
of
D-45
C u r r e n t B u sin ess
Table 7.2.5B. Motor Vehicle Output
Table 7.2.6B. Real Motor Vehicle Output, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Motor vehicle output......
Auto output...................
Truck output..................
Final sales of domestic product
Personal consumption
expenditures.......................
New motor vehicles..............
Autos................................
Light trucks (including
utility vehicles)..............
Net purchases of used autos
and used light trucks........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Private fixed investment........
New motor vehicles..............
Autos................................
Trucks...............................
Light trucks (including
utility vehicles)..........
Other............................
Net purchases of used autos
and used light trucks........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Gross government
investment...........................
Autos....................................
Trucks...................................
Net exports..............................
Exports................................
Autos...............................
Trucks..............................
Imports.................................
Autos...............................
Trucks..............................
Change in private inventories....
Autos.......................................
New.....................................
Domestic..........................
Foreign............................
Used....................................
Trucks......................................
New.....................................
Domestic..........................
Foreign.............................
Used 1 .................................
Addenda:
Final sales of motor vehicles to
domestic purchasers............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported new autos 3
1
2
3
4
5
II
I
IV
256.0
112.3
143.7
Motor vehicle output......
Auto output...................
Truck output..................
1
2
222.1
333.5
151.8
181.7
384.2
341.5
325.9
263.0
Final sales of domestic product
322.1
138.7
183.4
387.1
149.3
237.8
368.5
146.4
409.7
328.6
408.4
6
361.5
240.3
102.0
302.4
190.9
90.8
358.2
237.1
103.2
100.0
321.5
206.0
105.6
345.2
222.5
293.8
184.3
87.9
249.2
150.9
69.6
8
138.3
100.2
133.9
122.5
100.5
96.4
81.3
9
121.2
121.1
10
56.5
111.5
51.4
55.6
122.7
56.9
115.5
54.1
109.5
51.1
98.3
43.6
11
12
64.7
60.1
65.4
65.9
61.4
58.3
54.7
85.8
157.4
61.5
95.9
122.4
196.6
72.1
124.5
113.6
187.1
68.5
118.6
92.1
166.5
65.9
81.4
155.4
64.3
91.1
56.0
13
14
15
127.5
201.3
72.0
129.3
16
17
101.5
27.8
73.9
21.9
100.7
23.8
96.0
22.5
77.7
22.9
69.9
52.1
21.2
21.1
18
19
-73.9
-34.8
-71.6
-34.2
-74.2
-34.0
-73.5
-35.2
-74.4
-35.6
-74.0
-35.9
-«4.6
-30.1
20
-39.0
-37.4
-40.2
-38.3
-38.8
-38.2
-34.5
21
22
23
24
25
26
27
28
29
30
17.2
4.0
13.2
-96.4
60.8
31.7
29.0
157.2
76.6
80.6
17.1
3.8
13.3
-76.6
31
32
33
34
35
36
37
38
39
40
41
-7.5
-4.2
-3.2
-2.3
- 0.8
- 1.1
-3.3
-3.0
-2.3
- 0.8
-0.3
-6.5
5.7
7.4
5.3
66.2
38.0
28.2
142.9
78.3
64.5
2.1
-1.7
- 12.2
- 12.1
-13.0
0.9
- 0.1
100.6
47.3
73.3
-92.5
65.3
36.9
28.4
157.9
80.2
77.7
16.8
3.6
13.2
-88.9
66.3
37.9
28.4
155.2
79.6
75.6
17.4
3.9
13.5
-66.7
73.8
42.3
31.6
140.6
80.7
59.9
16.2
3.9
12.3
-58.4
59.5
35.0
24.4
117.9
72.9
45.0
-15.7
-4.4
- 2.1
-5.1
3.0
-2.4
-11.3
-9.1
-11.3
-11.2
-7.3
-4.1
-3.4
- 0.6
-3.3
-3.8
-3.3
-5.1
7.6
18.8
19.0
14.9
4.0
- 0.2
-7.0
15.8
16.8
14.9
1.9
- 1.0
- 11.1
-12.4
- 21.1
2.2
1.8
8.6
- 2.1
- 0.6
1.3
- 22.8
-23.7
-14.5
-9.2
0.9
18.8
4.3
14.4
17.9
4.0
14.0
-90.9
67.1
36.3
30.8
158.1
78.1
80.0
-21.2
- 10.1
-7.7
-6.3
-1.4
-2.4
- 11.1
-11.5
-7.9
-3.5
0.3
42
506.1
405.3
499.3
476.7
430.4
392.6
321.4
43
44
45
173.5
98.8
101.7
135.5
96.0
90.8
172.8
164.5
101.8
101.2
100.9
95.0
143.6
94.8
103.9
134.2
106.0
91.2
99.5
81.8
73.2
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
120.6
2007
2008
2007
IV
III
330.4
144.5
185.9
402.2
150.6
251.6
7
Line
2008
Personal consumption
expenditures.......................
New motor vehicles...............
Autos................................
Light trucks (including
utility vehicles)..............
Net purchases of used autos
and used light trucks.........
Used autos.......................
Used light trucks (including
utility vehicles)..............
3
415.7
152.4
263.6
4
423.9
5
7
III
IV
200.6
355.3
152.9
201.7
276.4
115.0
161.3
360.4
345.5
283.5
338.7
109.0
311.1
197.6
90.0
271.6
164.4
72.2
133.0
110.1
107.4
92.3
124.7
56.3
118.4
53.3
113.0
49.8
106.6
45.3
I
II
387.0
150.7
236.3
349.1
148.0
200.0
402.1
152.2
250.0
348.0
424.2
402.7
377.1
254.0
105.0
320.8
204.7
93.7
373.3
251.0
106.3
361.7
236.7
103.5
220.0
8
149.1
110.7
144.6
9
123.1
56.1
115.7
51.2
122.3
55.0
6
10
11
12
341.9
141.6
2008
67.2
64.9
67.6
68.8
65.4
63.5
61.8
80.4
162.5
63.5
99.0
114.4
13
14
15
118.5
205.9
74.1
131.7
107.0
192.0
70.9
87.1
171.5
121.0
103.4
76.6
160.5
65.8
94.6
50.9
126.1
49.1
77.0
16
17
109.5
24.0
81.6
18.5
108.7
20.4
104.3
19.1
85.2
19.3
77.8
17.8
59.1
17.6
18
19
- 86.6
-40.3
-84.6
-40.1
-86.3
-39.1
-85.0
-40.3
-86.4
-41.0
-86.9
-41.9
-80.3
-37.1
20
21
22
-46.3
-44.6
-47.3
-44.7
-45.4
-45.0
-43.3
15.9
3.8
15.7
3.6
12.0
12.0
16.0
3.7
12.3
14.8
3.7
12.1
16.6
3.8
12.7
15.4
3.3
23
17.4
4.2
13.2
Net exports..............................
Exports.................................
Autos.................................
Trucks...............................
Imports..................................
Autos.................................
Trucks...............................
24
25
26
27
28
29
30
-92.2
55.8
29.9
26.0
148.0
73.1
74.8
-71.7
60.2
35.6
24.9
131.9
73.3
58.8
-86.0
61.4
34.1
27.5
147.4
73.7
73.7
-86.7
59.7
34.6
25.3
146.3
75.0
71.3
-83.1
60.4
35.5
25.1
143.4
74.3
69.1
-62.3
67.1
39.6
27.7
129.3
75.2
54.3
-54.9
53.6
32.6
21.4
108.5
Change in private inventories....
Autos........................................
New......................................
Domestic...........................
Foreign..............................
Used....................................
Trucks.......................................
New......................................
Domestic...........................
Foreign.............................
Used 1..................................
Residual.......................................
31
32
33
34
35
36
37
38
39
40
41
42
-7.5
-4.5
-3.2
-2.4
- 0.8
- 1.2
-3.1
-2.7
- 2.0
-0.7
-0.3
-6.4
5.9
7.2
5.2
-15.3
-4.6
- 2.1
-5.2
-7.6
16.6
16.4
14.8
3.8
1.2
-10.9
-7.7
^ t .1
-3.5
- 0.6
-3.7
-3.4
-2.7
-4.3
1.7
- 0.6
3.6
8.1
19.5
18.4
14.7
3.8
- 0.2
-9.7
0.8
-21.3
- 10.6
-7.7
-6.5
-1.3
-2.7
- 10.6
- 10.2
-6.9
-3.3
0.4
0.3
43
514.0
417.4
507.4
487.2
44
45
46
183.4
145.2
97.0
93.7
182.9
102.9
103.9
175.0
102.7
98.2
Private fixed investment.........
New motor vehicles...............
Autos................................
Trucks ...............................
Light trucks (including
utility vehicles)..........
Other.............................
Net purchases of used autos
and used light trucks.........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Gross government investment
Autos....................................
Trucks...................................
Addenda:
Final sales of motor vehicles to
domestic purchasers.............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported new autos 3
100.0
104.7
2.0
- 2.0
-11.3
-10.4
- 11.2
0.8
- 0.1
201.1
74.3
126.8
2.8
-2.7
-10.3
-7.8
-9.8
2.1
-2.4
68.1
11.1
68.6
40.3
1.8
8.0
-1.3
- 21.8
-20.9
-12.4
- 8.6
1.5
6.7
4.1
442.0
404.3
336.1
153.5
96.0
107.3
143.9
106.8
93.4
108.4
82.4
75.9
- 10.2
-18.2
1.1
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is
the difference between the first line and the sum of the most detailed lines, excluding the lines in the addenda.
D-46
February 2009
B. NI PA-Related Table
Table B.l presents the most recent estimates of personal income and its disposition. These estimates
were released on February 2, 2009.
Table B.1. Personal Income and Its Disposition
[Billions of dollars; monthly estimates seasonally adjusted at annual rates]
2007
2007
2008
2008
Nov.
Dec.
Jan.
Feb.
March
April
May
June
July
Aug.
Sept.
Oct.r
Nov.'
Dec.p
Personal Income.................................................................. 11,663.2 12,099.0 11,871.3 11,924.0 11,930.0 11,952.4 11,999.0 12,003.1 12,219.8 12,233.6 12,136.0 12,168.8 12,173.2 12,161.9 12,117.9 12,092.6
Compensation of employees, received................................... 7,818.6 8,047.6 7,945.2 7,973.9 7,984.6 8,005.2 8,039.4 8,018.1 8,033.1 8,049.3 8,067.8 8,091.7 8,081.5 8,080.5 8,070.7 8,049.5
Wage and salary disbursements...........................................
6,362.0 6,543.2 6,469.4 6,493.1 6,495.4 6,513.0 6,545.7 6,519.1 6,530.9 6,543.8 6,559.3 6,580.6 6,570.4 6,567.3 6,557.0 6,535.6
Private industries..............................................................
5,286.7 5,413.5 5,377.8 5,398.0 5,389.7 5,402.9 5,432.2 5,401.1 5,407.3 5,415.4 5,425.0 5,442.0 5,428.3 5,422.0 5,409.9 5,386.4
Goods-producing industries
1,205.4 1,212.3 1,222.6 1,220.2 1,216.0 1,215.9 1,221.2 1,211.3 1,212.4 1,214.6 1,217.4 1,221.1 1,214.6 1,209.0 1,204.6 1,188.9
Manufacturing........
742.2
747.9
746.0
754.0
751.0
747.2
750.0
744.5
744.9
745.6
746.3
744.5
740.0
737.1
724.4
734.0
Service-producing industries.............................................
4,081.3 4,201.3 4,155.2 4,177.7 4,173.6 4,187.0 4,211.0 4,189.8 4,194.9 4,200.9 4,207.6 4,220.8 4,213.6 4,213.0 4,205.3 4,197.5
Trade, transportation, and utilities..................................
1,035.2 1,044.2 1,047.2 1,054.9 1,049.8 1,047.4 1,053.9 1,047.9 1,047.1 1,050.3 1,048.9 1,049.1 1,044.3 1,036.7 1,029.6 1,025.2
Other services-producing industries..............................
3,046.1 3,157.1 3,108.0 3,122.8 3,123.8 3,139.6 3,157.1 3,141.9 3,147.8 3,150.6 3,158.7 3,171.7 3,169.3 3,176.3 3,175.8 3,172.3
Government...............
1,075.2 1,129.7 1,091.6 1,095.1 1,105.7 1,110.1 1,113.4 1,118.1 1,123.6 1,128.4 1,134.3 1,138.6 1,142.1 1,145.3 1,147.0 1,149.3
Supplements to wages and salaries.......................................
Employer contributions for employee pension and insurance
funds.............................................................................
Employer contributions for government social insurance....
1,456.6
1,504.4
1,475.7
1,480.8
1,489.3
1,492.3
1,493.7
1,498.9
1,502.1
1,505.5
1,508.5
1,511.1
1,511.2
1,513.2
1,513.7
1,513.9
991.9
464.7
1,026.9
477.5
1,005.8
469.9
1,009.9
470.9
1,014.0
475.2
1,016.2
476.1
1,015.7
478.0
1,021.5
477.4
1,024.4
477.7
1,027.4
478.2
1,029.8
478.8
1,031.3
479.8
1,032.6
478.6
1,035.0
478.2
1,036.7
477.0
1,038.4
475.5
Proprietors’ income with IVA and CCAdj................................
Farm..................................................................................
Nonfarm............................................................................
1,056.2
44.0
1,012.2
1,072.4
34.5
1,037.9
1,079.0
47.1
1,032.0
1,074.5
41.7
1,032.8
1,069.1
42.1
1,027.0
1,071.4
41.0
1,030.4
1,083.5
36.1
1,047.4
1,090.0
35.0
1,055.0
1,079.8
32.5
1,047.3
1,071.8
29.6
1,042.2
1,074.5
27.1
1,047.4
1,056.9
25.8
1,031.1
1,050.1
24.9
1,025.2
38.8
2,056.3
1,242.9
813.4
38.1
2,056.4
1,232.0
824.4
38.8
2,054.2
1,224.6
829.6
40.5
2,051.7
1,217.2
834.5
1,071.2
39.4
1,031.9
49.1
2,051.8
1,213.0
838.8
1,076.1
38.4
1,037.7
40.0
1,074.3
47.3
1,027.0
37.2
2,059.4
1,239.4
820.0
58.3
2,052.3
1,208.7
843.6
68.3
2,052.8
1,204.5
848.3
72.8
2,054.1
1,210.9
843.2
77.3
2,055.6
1,217.4
838.2
55.5
2,057.3
1,223.8
833.4
86.3
2,028.5
1,199.2
829.4
89.1
1,999.7
1,174.5
825.2
93.4
1,970.7
1,149.9
820.8
Rental income of persons with CCAdj....................................
Personal income receipts on assets
Personal interest income.......
Personal dividend income.....
1,214.3
785.8
63.9
2,040.4
1,206.3
834.1
Personal current transfer receipts
Government social benefits to persons..............................
Old-age, survivors, disability, and health insurance
benefits.....................................................................
Government unemployment insurance benefits.............
Other.............................................................................
Other current transfer receipts, from business (net)...........
Less: Contributions for government social insurance.............
1,713.3
1,681.4
1,869.8
1,835.1
1,727.9
1,694.9
1,757.3
1,724.2
1,766.3
1,734.2
1,776.6
1,744.3
1,791.3
1,758.9
1,807.5
1,775.1
1,995.3
1,962.9
1,976.0
1,943.5
1,849.0
1,816.5
1,864.3
1,831.7
1,904.8
1,845.3
1,889.2
1,856.5
1,896.7
1,863.9
1,921.1
1,888.3
999.4
32.3
649.6
31.9
965.1
1,058.3
52.0
724.7
34.7
995.2
1,002.8
32.8
659.2
33.1
975.9
1,019.3
36.9
667.9
33.2
978.1
1,024.1
37.0
673.1
32.1
989.8
1,030.6
38.2
675.5
32.3
991.5
1,042.5
39.3
677.1
32.4
995.3
1,041.0
40.6
693.5
32.4
994.5
1,051.8
41.5
869.6
32.4
995.4
1,057.0
42.0
844.5
32.4
996.3
1,067.4
47.6
701.5
32.5
997.7
1,067.5
62.4
701.9
32.6
999.8
1,072.0
67.5
705.8
59.5
997.8
1,074.5
64.6
717.4
32.7
997.1
1,082.8
64.2
716.9
32.8
995.2
1,088.7
79.6
719.9
32.8
992.1
Less: Personal current taxes..............................................
1,492.8
1,462.0
1,521.9
1,525.7
1,530.6
1,534.1
1,540.2
1,527.5
1,147.9
1,363.0
1,371.3
1,520.3
1,514.3
1,505.0
1,494.9
1,494.7
2 ,000.1
Equals: Disposable personal income................................. 10,170.5 10,637.0 10,349.4 10,398.3 10,399.4 10,418.3 10,458.8 10,475.6 11,071.9 10,870.6 10,764.7 10,648.6 10,658.9 10,656.9 10,623.0 10,597.9
Less: Personal outlays........................................................
Personal consumption expenditures.......................................
Durable goods...................................................................
Nondurable goods.............................................................
Services............................................................................
Personal interest payments1 .................................................
Personal current transfer payments.......................................
To government..................................................................
To the rest of the world (net)..............................................
10,113.1 10,454.6 10,336.2 10,355.4 10,393.1 10,385.2 10,436.3 10,474.2 10,544.3 10,595.9 10,585.0 10,567.4 10,527.3 10,403.9 10,323.9 10,219.3
9,710.2 10,058.5 9,919.6 9,941.4 9,984.6 9,982.7 10,039.7 10,073.5 10,144.2 10,196.4 10,187.1 10,170.9 10,132.4 10,016.2 9,938.4 9,836.0
998.4
1,082.8 1,022.7 1,084.8 1,074.0 1,072.5 1,075.4 1,065.3 1,063.2 1,065.5 1,049.1 1,016.6 1,033.7
946.0
949.7
937.4
2,833.0 2,966.9 2,924.1 2,933.8 2,946.9 2,935.1 2,970.2 2,990.4 3,025.4 3,063.0 3,068.4 3,042.4 3,022.9 2,933.2 2,852.7 2,752.2
5,794.4 6,068.9 5,910.7 5,933.7 5,965.3 5,972.2 6,004.2 6,019.9 6,053.3 6,084.2 6 ,102.0 6,094.8 6 ,111.2 6,137.0 6,136.1 6,146.4
265.4
251.4
267.9
261.7
254.7
276.8
274.0
255.6
253.8
252.9
250.9
248.9
246.9
244.1
241.3
238.5
144.7
146.4
146.7
147.1
137.5
139.8
139.9
140.6
140.8
141.0
146.1
147.5
148.0
143.6
144.1
144.8
83.4
83.7
81.2
84.4
82.5
82.6
82.7
82.9
83.1
84.0
84.4
84.8
85.3
85.8
86.3
86.9
62.7
56.3
60.3
57.3
57.3
57.9
57.9
57.9
62.7
62.7
62.7
62.7
62.7
57.8
57.8
57.8
Equals: Personal saving.....................................................
57.4
182.4
13.2
42.9
6.3
33.0
22.5
1.4
527.5
274.7
179.7
81.2
131.6
253.1
299.1
378.6
Personal saving as percentage of disposable personal
income..............................................................................
0.6
1.7
0.1
0.4
0.1
0.3
0.2
0.0
4.8
2.5
1.7
0.8
1.2
2.4
2.8
3.6
8,644.0
8,752.3
8,672.0
8,689.0
8,662.8
8,666.9
8,673.8
8,667.3
9,119.1
8,885.5
8,751.0
8,657.6
8,658.7
8,705.7
8,776.4
8,800.1
Addenda:
Disposable personal income:
Billions of chained (2000) dollars2.....................................
Per capita:
Current dollars..............................................................
Chained (2000 dollars)..................................................
Population (midperiod, thousands)3.......................................
34,171
34,307
34,287
33,706
34,929
34,328
34,438
34,470
36,406
35,716
35,340
34,928
34,931
28,557
29,194
28,648
28,740
28,633
28,668
28,562
28,561
28,520
29,985
28,729
28,398
28,376
301,737 304,530 302,869 303,094 303,302 303,496 303,698 303,904 304,121 304,360 304,608 304,870 305,138
Personal consumption expenditures:
Billions of chained (2000) dollars......................................
Durable goods...................................................................
Nondurable goods.............................................................
Services............................................................................
Implicit price deflator, 2000=100........................................
8,252.8
1,242.4
2,392.6
4,646.2
117.660
8,276.2
1,188.3
2,381.9
4,714.8
121.540
8,311.8
1,252.5
2,405.2
4,682.9
119.343
8,307.2
1,243.0
2,400.4
4,689.6
119.672
8,317.3
1,239.7
2,395.4
4,706.2
120.047
8,304.6
1,241.8
2,388.3
4,699.6
120.207
8,326.2
1,229.5
2,410.1
4,707.3
120.579
8,334.6
1,230.8
2,419.0
4,705.7
120.864
8,355.1
1,237.1
2,427.3
4,712.8
121.414
8,334.4
1,217.0
2,415.9
4,717.9
122.341
8,281.4
1,178.5
2,392.0
4,716.6
123.011
8,269.3
1,200.4
2,378.5
4,703.9
122.997
8,231.0
1,161.4
2,358.3
4,713.4
123.100
8,182.3
1,103.2
2,332.6
4,730.8
122.413
1,114.3
2,353.8
4,729.9
121.041
8,167.5
1,105.4
2,312.0
4,734.2
120.429
6.1
3.7
0.4
0.4
0.1
0.2
0.4
0.0
1.8
0.1
-0.8
0.3
0.0
-0.1
-0.4
-0.2
5.5
4.6
1.3
0.4
- 0.2
0.5
0.0
0.2
- 0.1
- 1.8
- 2.6
- 1.0
-1.5
- 1.1
- 1.1
0.1
0.0
-0.3
0.1
5.7
5.2
0.0
-0.3
0.2
0.0
0.4
0.2
0.5
0.8
- 0.2
0.3
3.6
0.3
1.0
0.2
0.4
0.0
0.6
0.3
0.7
0.4
- 0.1
0.1
- 0.2
0.3
0.1
0.2
0.5
- 0.2
- 0.1
- 0.6
- 0.2
- 0.1
-0.4
-0.5
- 1.1
- 0.6
- 0.8
0.3
- 1.0
-0.5
Percent change from preceding period:
Personal income, current dollars.......................................
Disposable personal income:
Current dollars...................................................................
Chained (2000) dollars......................................................
Personal consumption expenditures:
Current dollars...................................................................
Chained (2000) dollars......................................................
p Preliminary.
r Revised.
CCAdj Capital consumption adjustment.
IVA Inventory valuation adjustment.
1. Consists of nonmortgage interest paid by households.
2.8
5.5
2.8
34,896
34,758
34,651
28,507
28,716
28,773
305,390 305,624 305,848
8 ,210.8
2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures,
3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized
population. The monthly estimate is the average of estimates for the first of the month and the first of the following month;
the annual estimate is the average of the monthly estimates.
D-47
c.
al Measures
Thi
Maj
indi
erived from the “Selected NIPA Tables” that are published in this issue and from the “GDP and Other
eries” tables that were published in the August 2008 issue. (The changes in prices are calculated from
sed to three decimal places.)
Table C.1. GDP and Other Major NIPA Aggregates—Continues
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (2000) dollars
Ye
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Percent change from
preceding period
Gross
domestic
product
Chain-type price indexes
[2000= 100]
Final sales of
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Implicit price deflators
[2000= 100]
Gross
domestic
product
Gross
national
product
Percent change from preceding period
Chain-type price index
Implicit price deflators
Gross
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
national
product
1959
2,441.3
2,442.7
2,457.4
7.1
6.2
20.754
20.365
20.751
20.727
1.2
1.2
1.2
1.2
1960
1961
1962
1963
1964
2,501.8
2,560.0
2,715.2
2,834.0
2,998.6
2,506.8
2,566.8
2,708.5
2,830.3
2,999.9
2,519.4
2,579.3
2,736.9
2,857.2
3,023.6
2.5
2.3
2.6
20.646
20.865
21.139
21.385
21.725
21.041
21.278
21.569
21.798
22.131
21.018
21.255
21.547
21.777
1.4
1.4
1.4
1.4
1.1
1.1
1.1
4.4
5.8
21.044
21.281
21.572
21.801
22.134
22.111
1.5
1965
1966
1967
1968
1969
3,191.1
3,399.1
3,484.6
3,652.7
3,765.4
3,173.8
3,364.8
3,467.6
3,640.3
3,753.7
3,217.3
3,423.7
3,510.1
3,680.0
3,792.0
6.4
6.5
2.5
4.8
3.1
22.102
22.724
23.389
24.380
25.580
22.535
23.176
23.893
24.913
26.149
22.516
23.158
23.874
24.893
26.127
1.8
2.8
3.1
5.0
3.1
22.538
23.180
23.897
24.916
26.153
3.1
4.3
5.0
1970
1971
1972
1973
1974
3,771.9
3,898.6
4,105.0
4,341.5
4,319.6
3,787.7
3,893.4
4,098.6
4,315.9
4,305.5
3,798.2
3,927.8
4,136.2
4,383.6
4,367.5
0.2
0.9
3.4
5.3
5.8
-0.5
2.8
27.538
28.916
30.171
31.854
34.721
26.964
28.351
29.619
31.343
34.546
27.534
28.911
30.166
31.849
34.725
27.512
28.889
30.145
31.830
34.699
5.3
5.0
4.3
5.6
9.0
1975
1976
1977
1978
1979
4,311.2
4,540.9
4,750.5
5,015.0
5,173.4
4,352.5
4,522.3
4,721.6
4,981.6
5,161.2
4,348.4
4,585.3
4,800.3
5,064.4
5,240.1
- 0.2
5.3
4.6
5.6
3.2
38.007
40.202
42.758
45.762
49.553
37.761
39.938
42.634
45.663
49.669
38.002
40.196
42.752
45.757
49.548
37.976
40.175
42.731
45.737
49.527
9.5
5.8
6.4
7.0
8.3
1980
1981
1982
1983
1984
5,161.7
5,291.7
5,189.3
5,423.8
5,813.6
5,196.7
5,265.1
5,233.4
5,454.0
5,739.2
5,227.6
5,349.7
5,249.7
5,482.5
5,869.3
- 0.2
2.5
-1.9
4.5
7.2
54.876
59.896
63.296
65.515
67.822
54.043
59.119
62.726
65.207
67.655
54.015
59.095
62.699
65.184
67.631
9.1
9.4
- 0.6
4.2
5.2
54.062
59.128
62.738
65.214
67.664
1985
1986
1987
1988
1989
6,053.7
6,263.6
6,475.1
6,742.7
6,981.4
6,042.1
6,271.8
6,457.2
6,734.5
6,962.2
6,093.4
6,290.6
6,500.9
6,775.2
7,015.4
4.1
3.5
3.4
4.1
3.5
5.3
3.8
3.0
4.3
3.4
69.724
71.269
73.204
75.706
78.569
69.760
71.338
73.527
76.043
78.934
69.713
71.250
73.196
75.694
78.556
69.695
71.227
73.181
75.679
78.549
1990
1991
1992
1993
1994
7,112.5
7,100.5
7,336.6
7,532.7
7,835.5
7,108.5
7,115.0
7,331.1
7,522.3
7,777.8
7,155.2
7,136.8
7,371.8
7,568.6
7,864.2
1.9
- 0.2
3.3
2.7
4.0
2.1
0.1
82.144
84.836
86.828
88.730
90.583
81.590
84.444
86.385
88.381
90.259
81.589
84.440
86.375
88.382
90.262
3.9
3.5
2.3
2.3
3.4
81.614
84.457
86.402
88.390
90.265
2.1
2.2
2.1
1995
1996
1997
1998
1999
8,031.7
8,328.9
8,703.5
9,066.9
9,470.3
8 ,010.2
2.5
3.7
4.5
4.2
4.5
3.0
3.7
4.0
4.2
4.5
92.115
93.859
95.415
96.475
97.868
92.483
94.145
95.440
96.060
97.556
92.106
93.852
95.414
96.472
97.868
92.114
93.863
95.420
96.475
97.869
2.0
8,306.5
8,636.6
8,997.6
9,404.0
8,069.8
8,365.3
8,737.5
9,088.7
9,504.7
2.1
1.8
2000
9,817.0
9,890.7
10,048.8
10,301.0
10,675.8
9,760.5
9,920.9
10,036.5
10,285.1
10,619.8
9,855.9
9,933.6
10,079.0
10,355.3
10,746.0
3.7
3.8
100.000
100.000
100.000
2001
2002
2003
2004
0.8
1.6
1.6
1.2
2.5
3.6
2.5
3.3
102.402
104.193
106.409
109.462
101.994
103.583
105.966
109.235
102.399
104.187
106.404
109.462
2005
2006
2007
2008
10,989.5
11,294.8
11,523.9
11,671.3
10,947.3
11,249.3
11,523.4
11,690.0
11,072.1
11,362.3
11,609.8
113.039
116.676
119.819
122.453
113.263
117.066
120.294
124.097
113.034
116.676
119.816
122.357
6.1
2.9
2.8
2.0
1.3
2.4
5.5
4.5
6.0
5.8
6.0
5.3
5.3
- 0.2
1.1
3.9
4.4
5.5
3.6
0.7
1.3
3.0
2.6
3.1
2.8
2.4
1.4
1.1
1.4
1.3
1.4
1.4
1.1
1.2
1.6
1.1
1.1
1.5
1.5
1.7
2.8
1.8
2.8
2.9
4.2
4.9
3.1
4.3
5.0
2.9
3.1
4.3
5.0
5.4
5.1
4.5
5.8
5.3
5.0
4.3
5.6
9.0
5.3
5.0
4.3
5.6
9.0
9.4
5.8
6.4
7.0
8.3
9.4
5.8
6.4
7.0
8.3
9.1
9.4
9.1
9.4
6.1
6.1
4.0
3.8
4.0
3.8
3.0
3.1
2.2
2.2
2.7
3.4
3.8
2.7
3.4
3.8
3.9
3.5
2.3
2.3
3.9
3.5
2.3
2.3
2.1
2.1
2.0
2.1
1.9
1.7
1.9
1.7
6.1
3.9
3.8
3.0
2.2
2.7
3.4
3.8
1.9
1.7
10.2
9.3
5.8
6.8
7.1
8.8
10.5
9.1
5.7
3.5
3.5
2.9
2.3
3.1
3.4
3.8
4.1
3.3
2.3
1.4
1.8
1.1
1.1
1.4
0.6
1.6
1.4
1.4
100.000
2.2
2.5
2.2
2.2
102.396
104.179
106.396
109.455
2.4
1.7
2.0
1.6
2.4
1.7
2.4
1.7
2.1
2.3
3.1
2.1
2.1
2.9
2.9
113.031
116.672
119.813
3.3
3.2
2.7
3.7
3.4
2.8
3.3
3.2
2.7
3.3
3.2
2.7
2.2
3.2
2.1
1.1
2.9
D-48
National Data
February 2009
Table C.1. GDP and Other Major NIPA Aggregates—Continues
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (2000) dollars
Year and quarter
1959:
1960:
1961:
1962:
1963:
1964:
1965:
1966:
1967:
1968:
1969:
1970:
1971:
1972:
1973:
1974:
1975:
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Percent change from
preceding period
Gross
domestic
product
Chain-type price indexes
[2000= 100]
Final sales of
domestic
product
Gross
domestic
purchases
Gross
domestic
product
Gross
national
product
Percent change from preceding period
Chain-type price index
Implicit price deflators
Gross
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
national
product
20.680
20.711
20.770
20.853
20.296
20.326
20.379
20.460
20.704
20.704
20.753
20.840
20.680
20.681
20.730
20.817
1.8
0.6
1.1
1.6
2.1
0.6
1.0
1.6
0.9
0.9
0.0
1.0
0.0
1.0
1.7
1.7
20.903
20.995
21.093
21.186
20.505
20.598
20.694
20.787
20.931
21.004
21.084
21.146
20.909
20.982
21.061
1.0
1.8
0.9
1.8
1.8
1.8
1.9
1.9
1.4
1.5
1.4
1.5
21.122
1.8
1.8
1.2
1.2
21.210
21.249
21.305
21.360
20.807
20.831
20.887
20.933
21.192
21.237
21.303
21.375
21.169
21.214
21.280
21.352
0.5
0.7
0.4
0.5
0.9
0.9
1.1
1.0
1.1
1.2
8.4
0.4
4.4
3.1
9.4
0.9
1.4
0.9
0.9
1.3
1.4
2,698.6
2,729.7
2,754.8
2,764.5
7.4
4.4
3.7
5.0
6.9
3.2
21.501
21.533
21.585
21.653
21.479
21.511
21.564
21.632
2.1
2.4
2.4
1.0
1.1
1.3
1.0
0.6
1.0
0.6
1.0
2.8
21.041
21.109
21.163
21.241
2.3
1.0
21.482
21.538
21.596
21.671
1.4
1.5
1.3
1.3
2,762.8
2,809.7
2,859.4
2,889.5
2,799.4
2,833.3
2 ,886.6
2,909.6
5.3
5.1
7.7
3.1
2.7
7.0
7.3
4.3
21.732
21.754
21.794
21.923
21.308
21.335
21.382
21.514
21.702
21.745
21.788
21.951
21.681
21.724
21.768
21.930
1.1
0.9
0.9
0.4
0.7
2.4
1.3
0.5
0.9
2.5
0.8
0.8
0.8
0.8
3.0
3.0
2,950.5
2,984.8
3,025.5
3,033.6
2,952.7
2,988.1
3,025.4
3,033.2
2,976.3
3,009.6
3,051.1
3,057.5
9.3
4.7
5.6
9.0
4.9
5.1
22.001
21.995
22.053
22.140
22.250
1.5
1.5
2.0
1.8
1.0
22.016
22.073
22.160
22.270
1.4
1.3
1.1
22.073
22.180
22.282
21.596
21.674
21.769
21.860
1.9
1.7
1.2
1.0
1.6
2.0
1.2
1.1
1.6
2.0
I ...................
II..................
Ill.................
IV.................
3,108.2
3,150.2
3,214.1
3,291.8
3,081.0
3,136.6
3,195.5
3,282.4
3,135.2
3,178.0
3,240.0
3,315.7
10.2
22.380
22.479
22.578
22.717
21.940
22.037
22.140
22.292
22.383
22.480
22.563
22.707
22.363
22.460
22.544
1.8
1.8
1.8
1.5
2.0
2.0
1.8
1.9
1.7
1.5
1.7
1.5
10.0
6.5
7.4
7.7
11.3
22.688
2.5
2.8
2.6
2.6
I ...................
II..................
Ill.................
IV.................
3,372.3
3,384.0
3,406.3
3,433.7
3,337.0
3,352.4
3,380.2
3,389.6
3,396.9
3,408.7
3,430.4
3,458.9
10.1
6.8
22.855
23.048
23.291
23.505
22.837
23.029
23.272
23.486
2.5
3.8
3.9
3.6
2.6
1.9
3.4
22.416
22.629
22.831
23.018
2.2
1.4
2.7
3.3
22.857
23.071
23.293
23.498
3.9
3.6
3.3
3.4
4.3
3.7
2.7
3.4
4.3
3.7
I ...................
II..................
Ill.................
IV.................
3,464.1
3,464.3
3,491.8
3,518.2
3,424.2
3,460.2
3,477.8
3,508.2
3,489.0
3,488.5
3,518.5
3,544.1
3.6
23.612
23.741
23.975
24.241
23.593
23.722
23.955
24.221
1.9
2.5
3.7
4.5
2.5
3.7
4.4
1.8
2.2
3.5
23.109
23.254
23.469
23.723
1.8
2.2
3.2
3.1
23.611
23.759
23.977
24.242
1.6
0.0
4.1
4.3
4.0
4.5
4.0
4.5
I ...................
II..................
Ill.................
IV.................
3,590.7
3,651.6
3,676.5
3,692.0
3,581.7
3,617.7
3,669.4
3,692.2
3,617.2
3,678.7
3,704.4
3,719.6
8.5
7.0
2.7
1.7
24.503
24.777
25.017
25.367
23.979
24.230
24.483
24.826
24.506
24.763
25.008
25.362
24.487
24.743
24.988
25.342
4.4
4.5
3.9
5.7
4.4
4.3
4.2
5.7
4.4
4.3
4.0
5.8
4.5
4.2
4.0
5.8
I ...................
II..................
I ll.................
IV.................
3,750.2
3,760.9
3,784.2
3,766.3
3,730.5
3,748.6
3,767.6
3,768.1
3,778.0
3,787.7
3,810.0
3,792.1
6.5
4.2
1.1
2.0
2.0
0.1
25.622
25.966
26.345
26.678
25.062
25.402
25.764
26.093
25.626
25.958
26.332
26.675
25.605
25.937
26.310
26.652
4.1
5.5
2.5
-1.9
3.9
5.5
5.8
5.2
4.2
5.3
5.9
5.3
4.2
5.3
5.9
5.3
I ...................
II..................
Ill.................
IV.................
3,760.0
3,767.1
3,800.5
3,759.8
3,778.0
3,771.0
3,804.6
3,797.2
3,786.3
3,794.3
3,827.4
3,784.5
-0.7
1.1
-0.7
3.6
- 0.8
26.474
26.841
27.093
27.449
27.056
27.428
27.647
28.004
27.034
27.406
27.624
27.982
5.7
5.8
3.2
5.2
6.0
0.8
27.051
27.437
27.655
28.009
5.7
3.8
5.4
5.8
5.6
3.2
5.3
5.9
5.6
3.2
5.3
I ...................
II..................
Ill.................
IV.................
3,864.1
3,885.9
3,916.7
3,927.9
3,844.7
3,871.3
3,905.2
3,952.5
3,893.1
3,916.4
3,944.4
3,957.1
11.6
28.429
28.809
29.097
29.329
27.854
28.230
28.539
28.779
28.425
28.798
29.089
29.322
28.403
28.777
29.069
29.300
6.1
6.0
6.2
6.2
5.5
4.1
3.2
5.5
4.5
3.4
5.4
4.1
3.2
5.4
4.1
3.2
I ...................
II..................
Ill.................
IV.................
3,997.7
4,092.1
4,131.1
4,198.7
4,006.9
4,073.0
4,109.6
4,204.8
4,028.1
4,122.1
4,163.5
4,231.0
7.3
9.8
3.9
6.7
29.814
29.989
30.264
30.620
29.234
29.437
29.728
30.078
29.781
29.959
30.250
30.652
29.759
29.937
30.229
30.631
6.8
6.5
2.4
3.7
4.8
2.8
6.4
2.4
3.9
5.4
6.4
2.4
4.0
5.4
I ...................
II..................
Ill.................
IV.................
4,305.3
4,355.1
4,331.9
4,373.3
4,296.4
4,317.4
4,322.6
4,327.3
4,342.5
4,394.6
4,377.8
4,419.5
10.6
9.0
2.0
31.020
31.500
32.114
32.750
31.000
31.481
32.095
32.731
5.4
7.7
7.6
7.7
4.9
6.4
0.5
0.4
30.478
31.052
31.625
32.218
4.9
6.3
- 2.1
3.9
31.025
31.542
32.147
32.703
5.4
4.7
8.0
8.2
8.0
8.2
I ...................
II..................
Ill.................
IV.................
4,335.4
4,347.9
4,305.8
4,288.9
4,322.7
4,328.7
4,316.3
4,254.5
4,389.4
4,399.1
4,352.4
4,329.3
-3.4
-0.4
0.6
- 1.1
-5.6
33.371
34.110
35.164
36.240
33.068
34.007
35.045
36.062
33.376
34.162
35.166
36.218
33.354
34.137
35.141
36.188
8.4
9.2
12.9
11.0
1.2
-3.8
- 1.6
7.9
9.8
12.3
12.5
7.8
9.7
12.3
12.5
I ...................
II..................
Ill.................
IV.................
4,237.6
4,268.6
4,340.9
4,397.8
4,287.8
4,331.0
4,370.1
4,421.1
4,271.5
4,302.8
4,377.7
4,441.7
-4.7
3.0
6.9
5.4
3.2
4.1
3.7
4.8
37.077
37.622
38.324
39.005
36.849
37.412
38.060
38.724
37.050
37.614
38.313
38.987
37.022
37.586
38.288
38.961
9.5
9.5
6.2
6.2
7.6
7.2
7.7
7.2
I ...................
II..................
Ill.................
IV.................
2,392.9
2455.8
2453.9
2,462.6
2,396.9
2,440.3
2,471.1
2,462.3
2,408.1
2,471.1
2,470.3
2,479.8
7.9
10.9
-0.3
1.4
I ...................
II..................
Ill.................
IV.................
2,517.4
2,504.8
2,508.7
2,476.2
2,488.1
2,511.5
2,507.9
2,519.8
2,534.1
2,521.8
2,526.5
2,494.9
9.2
I ...................
II..................
Ill.................
IV.................
2,491.2
2,538.0
2,579.1
2,631.8
2,522.0
2,549.1
2,568.9
2,627.3
2,510.8
2,556.7
2,598.3
2,651.4
2.4
7.7
I ...................
II..................
I ll.................
IV.................
2,679.1
2,708.4
2,733.3
2,740.0
2,659.5
2,704.5
2,725.6
2,744.5
I ...................
II..................
Ill.................
IV.................
2,775.9
2,810.6
2,863.5
2,885.8
I ...................
II..................
Ill.................
IV.................
- 2.0
0.6
-5.1
6.6
5.5
8.4
3.6
-4.2
2.3
3.2
1.1
8.1
Gross
domestic
product
Implicit price deflators
[2000= 100]
7.4
5.1
-1.4
4.3
3.8
- 0.6
1.9
1.1
2.0
8.6
4.1
5.8
2.5
5.1
2.8
3.5
4.9
5.6
6.8
3.6
9.6
6.0
5.2
6.8
7.9
7.1
12.8
9.6
6.0
7.7
7.3
4.0
4.8
11.9
12.8
12.1
9.0
6.3
7.1
7.2
February 2009
Su r v e y
of
D-49
C u r r e n t B usin ess
Table C.1. GDP and Other Major NIPA Aggregates—Continues
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (2000) dollars
Year and quarter
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Percent change from
preceding period
Gross
domestic
product
Chain-type price indexes
[2000= 100]
Final sales of
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Implicit price deflators
[2000= 100]
Gross
domestic
product
Gross
national
product
Percent change from preceding period
Chain-type price index
Implicit price deflators
Gross
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
national
product
1976:
I ...................
II..................
Ill.................
IV.................
4,496.8
4,530.3
4,552.0
4,584.6
4,482.1
4,496.3
4,523.7
4,587.1
4,539.3
4,574.6
4,596.7
4,630.4
9.3
3.0
1.9
2.9
5.6
1.3
2.5
5.7
39.443
39.866
40.405
41.096
39.163
39.595
40.168
40.828
39.418
39.840
40.385
41.122
39.396
39.818
40.365
41.101
4.6
4.4
5.5
7.0
1977:
I...................
II..................
Ill.................
IV.................
4,640.0
4,731.1
4,815.8
4,815.3
4,631.5
4,705.5
4,755.2
4,794.1
4,692.2
4,782.3
4,866.4
4,860.4
4.9
0.0
3.9
6.5
4.3
3.3
41.781
42.452
43.036
43.762
41.591
42.306
42.950
43.688
41.796
42.401
42.917
43.852
41.773
42.381
42.899
43.831
I...................
II..................
Ill.................
IV.................
4,830.8
5,021.2
5,070.7
5,137.4
4,799.5
4,989.9
5,036.0
5,100.6
4,882.9
5,064.7
5,118.2
5,191.9
1.3
16.7
4.0
5.4
0.5
16.8
3.7
5.2
44.493
45.350
46.133
47.074
44.410
45.266
46.048
46.928
44.505
45.321
46.072
47.047
44.483
45.301
46.052
47.027
6.9
7.9
7.1
8.4
I...................
II..................
Ill.................
IV.................
5,147.4
5,152.3
5,189.4
5,204.7
5,117.8
5,117.9
5,192.3
5,216.9
5,203.1
5,214.9
5,263.8
5,278.6
0.8
1.4
47.828
49.044
50.289
51.515
47.876
49.058
50.115
51.117
47.857
49.034
50.093
51.093
7.5
7.9
7.2
7.2
0.4
2.9
47.929
49.092
50.102
51.088
10.1
10.6
10.2
10.2
8.5
10.5
8.9
8.9
8.1
10.1
8.2
8.2
I ...................
II..................
Ill.................
IV.................
5,221.3
5,115.9
5,107.4
5,202.1
5,227.3
5,126.2
5,193.5
5,239.7
5,296.5
5,185.5
5,173.0
5,255.6
1.3
-7.8
-0.7
7.6
52.209
53.362
54.572
56.105
52.930
54.220
55.446
56.907
52.195
53.349
54.560
56.071
52.172
53.324
54.534
56.043
9.1
9.1
9.4
11.7
11.4
11.0
8.7
9.1
9.4
11.5
8.7
9.1
9.4
11.5
I ...................
II..................
Ill.................
IV.................
5,307.5
5,266.1
5,329.8
5,263.4
5,261.7
5,272.8
5,278.5
5,247.4
5,364.5
5,319.8
5,386.8
5,327.3
8.4
-3.1
4.9
-4.9
57.566
58.582
59.661
60.704
58.397
59.434
60.355
61.400
57.517
58.598
59.641
60.729
57.492
58.571
59.616
60.706
10.8
10.9
7.3
6.3
7.1
10.7
7.7
7.3
7.5
10.8
7.2
7.6
7.2
I ...................
II..................
Ill.................
IV.................
5,177.1
5,204.9
5,185.2
5,189.8
5,232.9
5,230.5
5,196.6
5,273.3
5,237.7
5,272.8
5,242.9
5,245.3
-1.5
0.4
61.563
62.330
63.193
63.866
62.213
62.883
63.717
64.372
61.555
62.302
63.182
63.863
61.530
62.276
63.155
63.837
5.8
5.1
5.7
4.3
5.4
4.4
5.4
4.2
5.6
4.9
5.8
4.4
5.5
4.9
5.8
4.4
I ...................
II..................
Ill.................
IV.................
5,253.8
5,372.3
5,478.4
5,590.5
5,329.2
5,404.6
5,505.1
5,577.0
5,308.8
5,430.9
5,538.0
5,652.4
5.0
9.3
4.3
5.8
7.7
5.3
64.413
64.881
65.542
64.388
64.853
65.517
66.012
64.363
64.831
65.495
65.991
3.5
2.9
4.1
2.9
2.5
66.020
64.768
65.213
65.849
66.231
3.3
2.9
4.2
3.1
3.3
2.9
4.2
3.1
I ...................
II..................
Ill.................
IV.................
5,699.8
5,797.9
5,854.3
5,902.4
5,614.4
5,717.5
5,770.2
5,854.6
5,757.1
5,855.5
5,911.3
5,953.2
8.1
7.1
3.9
3.3
2.7
7.5
3.7
66.838
67.439
67.989
68.392
67.052
67.647
68.114
68.476
66.837
67.414
67.953
68.385
66.815
67.392
67.930
68.359
5.0
3.6
3.3
2.4
5.1
3.5
3.2
5.1
3.5
3.2
I...................
II..................
Ill.................
IV.................
5,956.9
6,007.8
6,101.7
6,148.6
5,953.0
5,998.5
6,095.8
6 ,121.2
5,997.4
6,050.8
6,137.4
6,188.2
3.8
3.5
6.4
3.1
69.137
69.537
69.907
70.459
69.155
69.550
69.838
70.289
69.127
69.529
69.827
70.276
4.7
1.7
69.180
69.542
69.876
70.299
1.9
2.4
I...................
II..................
Ill.................
IV.................
6,207.4
6,232.0
6,291.7
6,323.4
6,184.1
6,230.5
6,317.8
6,355.0
6,242.5
6,257.3
6,320.1
6,342.8
3.9
4.2
3.0
5.7
2.4
70.660
71.001
71.455
71.960
70.851
70.985
71.493
72.025
70.652
71.015
71.426
71.893
70.635
70.993
71.401
71.866
2.1
I ...................
II..................
Ill.................
IV.................
6,365.0
6,435.0
6,493.4
6,606.8
6,344.4
6,431.4
6,510.8
6,542.5
6,386.8
6,461.8
6,519.5
6,635.4
2.7
4.5
3.7
7.2
-0.7
5.6
5.0
72.514
72.904
73.450
73.948
72.728
73.229
73.819
74.332
72.487
72.882
73.425
73.958
I ...................
II..................
Ill.................
IV.................
6,639.1
6,723.5
6,759.4
6,848.6
6,637.2
6,716.4
6,749.5
6,835.1
6,675.0
6,756.2
6,788.9
6,880.9
2.0
74.975
75.706
76.406
77.086
I ...................
II..................
Ill.................
IV.................
6,918.1
6,963.5
7,013.1
7,030.9
6,873.3
6,933.6
7,015.3
7,026.8
6,950.1
6,993.9
7,046.2
7,071.4
I ...................
II..................
Ill.................
IV.................
7,112.1
7,130.3
7,130.8
7,076.9
7,110.6
7,103.8
7,118.3
7,101.3
7,150.0
7,169.9
7,163.9
7,137.1
4.7
I ...................
II..................
Ill.................
IV.................
7,040.8
7,086.5
7,120.7
7,154.1
7,071.5
7,120.2
7,134.6
7,133.8
7,087.0
7,119.1
7,149.3
7,191.8
1978:
1979:
1980:
1981:
1982:
1983:
1984:
1985:
1986:
1987:
1988:
1989:
1990:
1991:
8.1
7.4
1.2
-6.4
2.2
8.1
8.4
1.6
3.9
2.0
0.0
5.9
1.9
0.8
-7.5
5.4
3.6
1.7
0.8
0.4
-2.3
- 1.1
- 0.2
- 2.6
6.0
6.0
6.9
3.1
6.6
2.0
4.6
4.5
5.9
6.7
4.5
4.4
5.6
7.5
4.5
4.4
5.6
7.5
6.8
6.6
7.7
7.1
6.2
6.7
5.9
5.0
9.0
6.7
5.6
6.9
6.8
6.1
6.1
7.9
7.1
7.9
7.5
7.6
6.8
6.8
8.7
8.7
7.1
10.1
9.4
2.8
4.0
2.3
5.1
3.6
2.8
2.1
6.0
5.0
9.0
7.7
7.3
7.5
2.6
2.6
2.1
4.6
2.3
1.7
4.6
2.3
1.7
3.2
2.6
2.6
2.2
0.8
2.1
2.1
2.1
2.0
2.3
2.3
2.9
2.9
3.0
2.6
2.6
72.465
72.870
73.412
73.944
3.1
4.0
3.3
2.2
2.8
2.2
3.0
2.7
3.3
2.8
3.0
2.9
3.4
2.3
3.0
2.9
74.587
75.300
76.141
76.712
74.571
75.285
76.124
76.700
3.4
4.0
4.8
3.2
3.5
4.0
3.8
3.6
3.4
3.9
4.5
3.0
3.4
3.9
4.5
3.1
4.6
3.9
2.9
2.1
1.9
2.6
3.9
2.3
5.2
5.9
4.9
2.1
2.0
5.4
5.2
74.564
75.296
76.178
76.786
4.1
2.3
3.6
4.8
0.7
77.588
78.342
78.913
79.433
77.937
78.764
79.227
79.807
77.580
78.324
78.879
79.425
77.566
78.316
78.875
79.422
4.2
3.9
2.9
2.7
4.5
4.3
2.4
3.0
4.6
3.9
2.9
2.8
2.8
4.9
-0.4
80.389
81.326
82.053
82.689
80.878
81.629
82.531
83.536
80.375
81.311
82.031
82.646
80.376
81.301
82.028
82.652
4.9
4.7
3.6
3.1
5.5
3.8
4.5
5.0
4.9
4.7
3.6
3.0
4.9
4.7
3.6
3.1
83.662
84.194
84.772
85.200
84.197
84.533
85.058
85.556
83.626
84.165
84.762
85.206
83.623
84.164
84.758
85.202
4.8
3.2
4.8
2.6
2.8
2.0
1.6
2.6
2.6
2.5
2.4
2.9
2.9
2.1
2.1
2.6
2.9
1.0
1.0
0.0
0.8
-3.0
- 1.0
- 2.0
-1.7
2.6
2.8
0.8
0.0
1.9
1.9
4.8
D-50
National Data
February 2009
Table C.1. GDP and Other Major NIPA Aggregates—Table Ends
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (2000) dollars
Year and quarter
1992:
1993:
Gross
domestic
product
1997:
1998:
1999:
2000:
7,265.5
7,334.5
7,402.6
7,485.0
4.2
3.9
4.0
4.5
1...................
7,459.7
7,497.5
7,536.0
7,637.4
7,431.2
7,483.7
7,540.6
7,633.7
7,502.4
7,532.8
7,577.7
7,661.5
0.5
7,715.1
7,815.7
7,859.5
7,951.6
7,677.5
7,737.2
7,814.3
7,882.3
7,747.2
7,843.7
7,886.8
7,979.2
7,973.7
7,988.0
8,053.1
8 ,112.0
7,918.7
7,962.3
8,055.0
8,104.8
8,014.3
8,032.0
8,081.0
8,152.0
II..................
Ill.................
IV.................
8,169.2
8,303.1
8,372.7
8,470.6
8,175.4
8,285.8
8,319.9
8,444.7
8,213.3
8,337.6
8,402.7
8,507.6
2.9
6.7
3.4
4.8
3.5
5.5
1.7
1...................
II..................
Ill.................
IV.................
8,536.1
8,665.8
8,773.7
8,838.4
8,507.3
8,574.6
8,705.7
8,758.6
8,566.0
8,707.0
8,808.7
8 ,868.1
3.1
1...................
II..................
Ill.................
IV.................
8,936.2
8,995.3
9,098.9
9,237.1
8,821.1
8,948.7
9,038.4
9,182.2
8,965.5
9,022.2
9,112.2
9,255.2
4.5
2.7
4.7
1...................
II..................
Ill.................
IV.................
9,315.5
9,392.6
9,502.2
9,671.1
9,239.7
9,353.7
9,453.5
9,569.3
1...................
9,695.6
9,847.9
9,836.6
9,887.7
2006:
2007:
2008:
Gross
national
product
Chain-type price index
Implicit price deflators
Gross
domestic
product
Gross
domestic
product
86.093
86.588
87.098
87.531
85.721
86.190
86.580
87.029
85.710
86.181
86.567
87.019
2.7
86.587
87.042
87.729
88.204
88.599
89.030
88.076
88.595
88.916
89.331
87.707
88.190
88.570
89.038
87.705
88.189
88.574
89.048
3.2
5.5
-0.5
2.9
3.1
5.0
4.1
5.3
2.3
4.8
2.3
3.1
4.0
3.5
89.598
89.980
90.525
90.958
89.800
90.271
90.921
91.340
89.578
89.954
90.530
90.952
89.583
89.963
90.527
90.953
2.6
1.1
1.9
0.7
3.3
3.0
2.2
91.554
91.891
92.281
92.734
91.877
92.329
92.662
93.065
91.530
91.859
92.289
92.733
91.534
91.868
92.299
92.743
6.1
93.302
93.615
94.064
94.455
93.602
93.897
94.286
94.796
93.328
93.659
93.951
94.450
3.0
3.2
6.3
2.5
94.963
95.291
95.541
95.864
95.189
95.296
95.494
95.781
6.2
2.9
5.9
4.1
6.5
96.096
96.284
96.620
96.901
9,346.7
9,429.1
9,532.7
9,710.4
3.4
3.4
4.8
7.3
2.5
5.0
4.3
5.0
9,668.8
9,748.4
9,780.4
9,844.3
9,729.0
9,885.3
9,867.8
9,941.6
1.0
6.4
-0.5
4.2
3.3
1.3
2.1
2.6
9,875.6
9,905.9
9,871.1
9,910.0
9,883.2
9,908.7
9,899.9
9,992.3
9,913.6
9,949.8
9,887.7
9,983.1
-0.5
1.6
1.0
9,977.3
10,031.6
10,090.7
10,095.8
9,986.8
10,028.4
10,063.5
10,067.3
10,004.1
10,048.6
10,119.7
10,143.8
2.7
10,126.0
10,212.7
10,398.7
10,467.0
10,100.9
10,213.7
10,385.9
10,440.0
10,163.8
10,266.9
10,449.9
10,540.5
3.5
7.5
2.7
10,543.6
10,634.2
10,728.7
10,796.4
10,507.1
10,568.5
10,666.6
10,737.0
10,633.0
10,701.4
10,804.9
10,844.4
3.0
3.5
3.6
2.5
10,799.3
10,925.9
11,035.5
11,028.4
10,968.4
11,028.4
11,140.7
11,151.2
3.0
II..................
I ll.................
IV.................
10,875.8
10,946.1
11,050.0
11,086.1
1...................
II..................
I ll.................
IV.................
11,217.3
11,291.7
11,314.1
11,356.4
11,167.6
11,232.1
11,257.8
11,339.7
11,286.5
11,365.1
11,370.8
11,426.5
1...................
II..................
I ll.................
IV.................
11,357.8
11,491.4
11,625.7
11,620.7
11,370.5
11,490.5
11,605.0
11,628.0
11,419.1
11,541.7
11,719.9
11,758.3
1...................
11,646.0
11,727.4
11.712.4
11.599.4
11,653.7
11,778.8
11,739.2
11,588.0
11,760.9
11,822.2
11,817.3
1...................
1...................
1...................
1...................
1...................
1...................
1...................
II..................
Ill.................
IV.................
2005:
Gross
domestic
product
85.766
II..................
Ill.................
IV.................
2004:
Gross
domestic
purchases
Percent change from preceding period
86.212
II..................
Ill.................
IV.................
2003:
Gross
domestic
product
Implicit price deflators
[2000= 100]
6.0
II..................
Ill.................
IV.................
2002:
Chain-type price indexes
[2000= 100]
2.5
4.2
4.4
II..................
Ill.................
IV.................
2001 :
Final sales of
domestic
product
7,239.3
7,284.3
7,360.5
7,440.3
II..................
Ill.................
IV.................
1996:
Gross
domestic
product
7,228.2
7,297.9
7,369.5
7,450.7
II..................
Ill.................
IV.................
1995:
Gross
national
product
1...................
II..................
I ll.................
IV.................
II..................
Ill.................
IV.................
1994:
Final sales of
domestic
product
Percent change from
preceding period
1...................
II..................
II I
I V
2.0
2.1
6.2
5.1
3.0
1.2
-1.4
1.6
2.4
2.2
1.8
2.1
2.2
1.8
2.1
2.5
2.4
1.5
1.9
3.2
3.2
2.2
2.2
1.8
2.2
2.1
2.1
2.4
1.7
2.9
1.9
2.6
1.9
2.4
1.7
2.5
1.9
2.6
2.4
2.6
2.6
1.5
1.7
2.0
2.0
1.8
1.4
1.9
1.9
1.5
1.9
1.9
93.338
93.671
93.962
94.458
2.5
1.3
1.9
1.7
2.3
1.3
1.7
2.6
2.6
2.2
2.1
1.2
2.1
95.054
95.206
95.534
95.846
95.058
95.212
95.542
95.851
2.2
1.7
0.5
2.6
0.6
2.6
0.6
1.4
0.8
1.2
1.4
1.3
1.4
1.3
95.773
95.881
96.141
96.444
96.089
96.249
96.600
96.934
96.091
96.254
96.604
96.932
1.0
0.8
0.0
1.0
1.0
0.5
1.4
1.1
1.2
1.3
0.7
1.5
1.4
0.7
1.5
1.4
97.274
97.701
98.022
98.475
96.761
97.317
97.790
98.356
97.328
97.674
98.013
98.432
97.330
97.675
98.014
98.433
1.5
1.3
2.3
1.6
1.7
1.4
1.4
1.7
99.292
99.780
100.241
100.687
99.275
99.714
100.283
100.727
99.317
99.745
100.259
3.4
100.666
99.311
99.741
100.262
100.672
1.8
1.8
101.507
102.290
102.690
103.122
101.403
101.974
102.223
102.378
101.478
102.252
102.675
103.191
101.480
102.248
102.671
103.183
3.3
3.1
2.7
2.3
1.6
1.0
0.6
103.553
103.944
104.347
104.926
102.755
103.385
103.816
104.374
103.568
103.938
104.328
104.907
103.552
103.928
104.321
104.903
1.7
1.5
1.5
2.5
1.7
2.2
105.742
106.076
106.616
107.204
105.435
105.587
106.170
106.671
105.724
106.062
106.611
107.190
105.718
106.053
106.602
107.180
3.1
1.3
4.1
2.4
3.8
2.7
108.180
109.185
109.807
110.677
107.787
108.893
109.637
110.622
108.175
109.178
109.793
110.671
108.170
109.173
109.786
4.3
4.2
110.666
3.7
3.8
2.3
3.2
2.3
4.8
4.1
-0.3
111.778
112.357
113.487
114.536
111.638
112.484
113.913
115.016
111.765
112.346
113.468
114.525
111.757
112.344
113.469
114.523
4.0
3.7
3.1
5.2
3.9
5.1
2.3
0.9
2.9
115.536
116.317
117.109
117.742
115.832
116.859
117.700
117.873
115.533
116.317
117.107
117.732
115.529
116.315
117.107
117.726
3.5
2.7
118.931
119.908
120.571
121.766
118.956
119.547
119.997
120.743
118.952
119.542
119.990
120.737
4.1
122.821
124.103
125.475
123.991
121.508
121.890
123.056
122.976
121.495
121.876
123.037
4.7
2.5
-0.4
3.8
2.4
0.2
0.1
1.2
1.3
4.5
6.9
2.6
3.8
1.3
4.8
2.7
0.8
1.5
2.1
2.6
0.1
1.1
4.8
4.8
4.3
4.0
- 0.2
0.8
118.935
119.531
119.984
120.826
0.9
0.9
4.4
-1.3
-5.1
121.613
121.951
123.134
123.113
2.8
-0.5
-3.8
2.1
1.8
2.1
2.2
1.8
2.0
1.7
2.4
1.9
1.4
1.1
1.8
1.3
1.9
2.5
2.3
2.4
Gross
national
product
2.4
- 0.2
1.7
1.4
2.2
Gross
domestic
purchases
2.0
1.5
2.0
2.3
3.8
2.0
1.8
1.9
2.3
1.7
1.6
2.2
2.1
2.2
0.6
2.2
1.9
2.8
3.6
1.7
2.1
1.4
1.3
1.4
1.4
1.7
1.4
3.6
1.7
3.6
1.7
2.1
1.6
2.1
1.6
3.3
3.1
1.7
3.2
3.1
1.7
2.0
2.0
1.5
1.4
1.5
2.2
1.4
1.5
1.5
2.3
3.2
1.3
3.1
1.3
2.1
2.2
2.1
2.2
3.7
3.8
2.3
3.2
3.7
3.8
2.3
3.2
4.0
4.0
2.1
2.1
4.1
3.8
4.1
3.8
2.9
3.6
2.9
3.6
2.7
2.7
3.6
2.7
0.6
2.2
2.8
2.1
3.6
3.3
4.2
4.2
2.0
2.0
2.0
1.5
2.2
2.8
4.0
1.5
2.5
1.5
2.5
2.6
1.1
3.5
4.2
4.5
-4.6
2.6
2.5
1.3
3.9
2.1
4.1
3.7
2.8
2.2
3.9
- 0.1
1.3
3.9
-0.3
D-51
February 2009
D. Charts
All series are seasonally adjusted at annual rates. The percent changes in real gross domestic product are based on quarterto-quarter changes.
SELECTED NIPA SERIES
Chained (2000) dollars
Mar
40,000
Mar Nov
40,000
35 ,0 0 0 -
-35,000
3 0 ,000 -
-30,000
2 5 ,0 0 0 -
-25,000
20 ,000 -
-
15,000-
-15,000
20,000
10,000
10,000
66
68
70
72
74
76
78
80
82
84
Percent
Apr Feb
Dec Nov
L GROSS DOMESTIC PRODU
Nov
Mar
JanJIyJly
Nov
Jly Mar
Mar Nov
ERCENT
'The Business Cycle Dating Committee of the National Bureau of Economic Research has determined that a peak in U.S. economic activity occurred in December 2007.
The peak marks the end of the expansion that began in November 2001 and the beginning of a recession.
U.S. Bureau of Economic Analysis
D-52
National Data
February 2009
SELECTED NIPA SERIES
Percent
Apr Feb
Dec Nov
Nov
Mar
Jan Jly Jly
Nov
Jly Mar
Mar Nov
60
\RES OF FEDERAL GOVERNMENT RECEIPTS
---------------
50-
50
Personal current taxes
f
v
\s
-
z - '- '
h |
Ih K /
■
H
i
v/
v
|
' \
.
x
-
■
v
40
a —'
Contributions for government social insurance
30
‘w
20-
-
■
A
r ' r
r >
***
v x '
\
g
20
V
W
V
V
’v
Taxes on corporate income
10
on production and imports
0
Percent
Dec Nov
Nov
Mar
Jly Mar
Mar Nov
70
RES OF FEDERAL GOVERNMENT CURRENT EXPENDITURES
Current transfer payments
___
..*»*
..............................
- 60
- 50
- 40
- 30
-
20
-
10
Interest payments
Percent
6
-4 —
60
62
64
66
68
70
72
74
76
78
80
82
84
86
88
90
92
94
96
98
00
02
‘ The Business Cycle Dating Committee of the National Bureau of Economic Research has determined that a peak in U.S. economic activity occurred in December 2007.
The peak marks the end of the expansion that began in November 2001 and the beginning of a recession.
U.S. Bureau of Economic Analysis
February 2009
Su r v e y
of
D-53
C u r r e n t B usin ess
SELECTED NIPA SERIES
Percent
Apr Feb
Dec Nov
Nov
Mar
JanJIyJly
Nov
Mar Nov
Jly Mar
Dec*
Percent
i
60
i
62
i
i
64
i
66
-1 0
r
Percent
Apr Feb
Dec Nov
Nov
Mar
Jan Jly Jly
Nov
Mar Nov
Jly Mar
S .—
' >,' v
Dec*
\
^ ✓ “ H liN onresid ential equipment and software
i
i
72
74
76
i
i
78
i
i
80
i
i
82
i
i
84
i
86
i
i
88
i
i
i
90
Residential investment
i
i
92
i
i
94
i
i
96
i
i
98
i
i
00
i
i
02
’ The Business Cycle Dating Committee of the National Bureau of Economic Research has determined that a peak in U.S. economic activity occurred in December 2007.
The peak marks the end of the expansion that began in November 2001 and the beginning of a recession.
U.S. Bureau of Economic Analysis
-
50
-
40
---- ---
Nonresidential structures
70
60
i
i
04
i
i
06
r
08
D-54
National Data
February 2009
SELECTED NIPA SERIES
2007
1960
SHARES OF NATIONAL INCOME
Supplements to wages
salaries, 5.0%
Wage and salary
accruals, 57.5%
Wage and salary
Supplements to wages
accruals, 52.2%
and salaries, 12 .2 %
Proprietors' income, 10.7%
Proprietors’ income,
8.5%
Rental income
Rental income
of persons, 3.6%
of persons, 0.5%
Corporate profits, 13.1%
Corporate profits, 11.3%
Net interest and misc. payments, 2.2%
Other 0 4%
Other, 0.3%
Taxes on Proc|uction and imports, 9.4%
SHARES OF GROSS DOMESTIC PRODUCT BY SECTOR
Net interest and misc. payments,
1960
4.9%
Taxes on production and imports, 8.3%
2007
Business, 77.0°/
Business, 79.9°/
Households, 6.4%
Households, 6.1%
Nonprofit institutions
Nonprofit institutions serving
households, 2 .2 %
SHARES OF GROSS DOMESTIC PURCHASES
serving households,
5.1%
General government,
General government,
federal 6.3%
federal, 3.4%
General government,
General government,
state and local 5.3%
state and local, 8 .0 %
2007
1960
Personal consumption
Personal consu
expenditures, 66.9°/i
expenditures, 63.5%
Private nonresidential
investment, 10 .1%
Private residential
investment, 5.0%
Private nonresidential
vestment, 10 .2 %
Private residential
investment, 4.4%
Federal government,"
6.7%
Federal government,* 12.3%
and local
State and local government,* 9.1%
'Consumption expenditures and gross investment
U.S. Bureau of Economic Analysis
government,* 11 .8 %
February 2009
Survey
of
D-55
C u r r e n t B usin ess
SELECTED NIPA SERIES
Percent
70
-6 0
-5 0
-4 0
40-
-3 0
-2 0
20-
10
60
62
64
66
68
70
72
74
76
78
80
82
84
86
88
90
92
94
96
98
00
02
04
06
08
Percent
60
- 60
50
- 50
- 40
30
- 30
20
-2 0
10
-
*The Business Cycle Dating Committee of the National Bureau of Economic Research has determined that a peak in U.S. economic activity occurred in December 2007.
The peak marks the end of the expansion that began in November 2001 and the beginning of a recession.
U.S. Bureau of Economic Analysis
10
D-56
February 2009
National Data
SELECTED NIPA SERIES
P e rc e n t
Apr Feb
2 0 -------------
Dec Nov
Nov
Mar
JanJIyJly
Nov
Mar Nov
Jly Mar
16
12
l
i
60
Ratio
i
62
i
i
64
i
i
66
Apr Feb
i
i
i
68
i
70
Dec Nov
i
i
i
72
i
i
74
Nov
i
76
Mar
i
i
78
i
i
i
80
JanJIyJly
i
82
i
i
i
i
86
84
Nov
i
i
88
i
i
i
90
i
92
i
i
i
i
94
96
i
i
98
i
o cost and profit per unit
P i
i
i
i
i
r
02
04
06
08
i
00
Mar Nov
Jly Mar
INVENTORY/SALES RATIOS, CURRENT DOLLAR*
I
■
Ratio of private nonfarm inventories to
final sales of aoods and structures
J
—
— i— ^
/
/
\
A :-.
\
^
*
u
Ratio of private inventories to
* * * * * & • . final sales of domestic business
^
* W
I
-
N
;
|1
. , „
*
........m . ' s . - - —
Ratio of private nonfarm inventories to |J|
final sales of domestic business
Based on current-dollar estimates of inventories and sale
Ratio
Apr Feb
Dec Nov
Nov
Mar
JanJIvJIv
Nov
Jly Mar
Mar Nov
ENTORY/SALES RATIOS, REAL’
Ratio of private nonfarm inventories to
final sales of goods and structures
Ratio of private inventories to
final sales of domestic business
Ratio of private nonfarm inventories to
final sales of domestic business
Based on chained (2000) dollar estimates of inventories and sale
'The Business Cycle Dating Committee of the National Bureau of Economic Research has determined that a peak in U.S. economic activity occurred in December 2007.
The peak marks the end of the expansion that began in November 2001 and the beginning of a recession.
U.S. Bureau of Economic Analysis
D-57
February 2009
Industry Data
E. Industry Table
The statistics in this table were published in tables 5a and 7a in “Annual Industry Accounts: Revised Statistics for
2005-2007” in the December 2008 S u r v e y o f C u r r e n t B u s in e s s .
Table E.1. Percent Changes in Chain-Type Quantity and Price Indexes for Value Added by Industry for 2005-2007
Chain-type
quantity indexes
Line
Chain-type
price indexes
2005
2006
2007
2005
2006
Gross domestic product.................................
2.9
2.8
2.0
3.3
3.2
2.7
50
Private industries....................................................
3.5
3.1
2.1
2.8
3.0
2.5
51
52
Agriculture, forestry, fishing, and hunting.........
Farms................................................................
Forestry, fishing, and related activities...............
8.5
9.1
6.9
9.7
-2.3
-13.6
-16.8
6.1
-5.3
-6.9
0.3
0.2
-3.7
- 6.0
4.1
29.1
37.4
2.9
Mining...................................................................
Oil and gas extraction........................................
Mining, except oil and gas.................................
Support activities for mining..............................
-3.8
- 8.1
4.7
6.9
7.4
3.9
2.3
25.1
0.1
-3.7
-3.6
13.8
35.7
43.3
15.7
28.2
9.2
2.7
14.9
28.2
4.7
6.5
- 2.6
Utilities.................................................................
-5.9
1.1
1.2
5.9
12.6
2.0
Construction........................................................
-0.5
-4.1
-11.2
12.8
11.3
6.4
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........................
0.9
5.5
4.3
5.5
2.9
4.8
2.8
1.0
-0.4
- 2.2
-24.1
-5.6
- 2.1
- 12.6
Wholesale trade...................................................
3.3
0.6
0.8
Retail trade...........................................................
8.9
5.6
4.5
Transportation and warehousing.......................
Air transportation...............................................
Rail transportation.............................................
Water transportation..........................................
Truck transportation...........................................
Transit and ground passenger transportation.....
Pipeline transportation......................................
Other transportation and support activities........
Warehousing and storage.................................
4.0
7.6
5.0
-0.4
3.8
- 2.2
9.4
-0.3
14.4
2.1
0.3
5.0
19.1
2.5
10.7
- 0.2
0.8
- 1.1
- 0.8
3.4
3.3
2.3
3.1
-2.9
4.0
1.7
-8.7
7.1
5.4
2.5
3.8
-18.8
7.6
- 0.2
2.7
-7.2
-0.5
8.1
3.7
4.9
7.1
25.5
-3.3
-0.5
9.5
- 6.2
- 2.8
2005
Information...........................................................
Publishing industries (includes software)...........
Motion picture and sound recording industries...
Broadcasting and telecommunications..............
Information and data processing services.........
0.1
-9.5
2.5
5.7
22.3
- 1.0
2.5
10.4
7.6
2.5
-5.0
-2.3
1.3
-0.3
- 1.6
2.1
8.7
10.1
-4.0
9.6
10.8
8.1
6.1
-6.7
- 2.0
-4.5
-6.3
- 2.6
6.1
2.8
6.7
25.0
12.4
15.3
5.7
3.3
4.5
2.1
4.5
-9.4
- 2.0
8.5
1.7
11.0
-12.5
6.0
12.2
- 0.8
-1.7
7.4
14.2
4.8
3.5
2.1
19.9 - 12.8
1.0
8.8
- 1.6
-5.8 - 12.2
11.6
59
60
61
62
63
6.0
64
65
66
67
68
-4.4
1.0
69
2.9
70
71
72
0.6
2.1
0.1
-1.9
73
0.8
74
0.4
- 1.0
15.9
2.2
-2.4
1.9
6.4
3.3
-2.5
-0.5
-1.5
4.1
2.5
3.8
- 0.8
10.7
4.3
-9.0 - 11.0
2.6
0.7
3.8
2.2
20.8
4.8
4.4
6.9
1.8
3.7
75
76
77
78
79
80
81
82
83
84
85
86
87
88
-2.3
-3.1
-0.4
1.9
-3.4
-3.7
0.8
-5.6 -24.8
1.0
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
56
57
58
0.2
17.9
1.0
0.3
3.7
0.4
1.6
-13.6 -15.5
-0.3
2.4
6.3
4.7 -10.4 -13.2
8.6
2.9
3.0
- 6.1
2.1
3.5
2.5
- 0.8
- 1.0
0.4
4.5
7.8
9.0
1.2 -3.8
-7.2
3.2
- 0.8
-4.3
- 1.1
-0.3
-11.4
0.7
4.5
1.8 -0.5
0.9
-17.5
65.1
18.8
3.3
7.4
5.5
3.7
1.8 11.4
11.1
2007
53
54
55
89
90
91
Chain-type
price indexes
Chain-type
quantity indexes
Line
Finance, insurance, real estate, rental, and leasing
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 assets..........................................
Professional and business services......................
Professional, scientific, and technical services
Legal services................................................
Computer systems design and related services....
Miscellaneous professional, scientific, and
technical services........................................
Management of companies and enterprises.......
Administrative and waste management services
Administrative and support services..................
Waste management and remediation services....
Educational services, health care, and social
assistance........................................................
Educational services.........................................
Health care and social assistance.....................
Ambulatory health care services.......................
Hospitals and nursing and residential care
facilities.......................................................
Social assistance.............................................
Arts, entertainment, recreation, accommodation,
and food services..............................................
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.......................
Government.............................................................
Federal.................................................................
General government............................................
Government enterprises......................................
State and local......................................................
General government............................................
Government enterprises......................................
Addenda:
Private goods-producing industries1.........................
Private services-producing industries2......................
Infbrmation-communications-technology-producing
industries3.........................................................
2006
2007
2005
2006
2007
4.2
4.1
2.0
2.0
2.1
2.6
7.7
6.3
0.1
1.2
0.9
2.8
7.2
1.2
-4.9
8.4
3.9
-22.4
1.0
- 1.6
3.5
3.4
-3.7
3.4
0.1
1.0
- 12.8
18.7
3.3
3.4
2.5
2.3
2.8
2.9
2.4
2.5
21.0
1.0
16.7
10.3
4.0 -15.6
2.0
2.7
2.1
2.0
2.2
2.6
1.0
12.4
2.9
4.9
2.1
2.3
5.5
3.4
4.3
3.7
3.5
3.7
5.5
0.5
5.8
- 1.6
7.1
- 1.8
2.7
2.4
6.0
11.2
10.2
-0.3
6.0
1.6
1.1
7.7
6.6
7.0
6.9
9.2
2.4
1.4
-0.7
2.6
-1.4
-2.2
9.6
6.0
12.3
7.4
7.0
12.3
1.0
2.1
1.8
2.1
-6.7
1.4
2.2
3.0
-4.9
4.5
4.6
3.8
4.6
4.6
4.3
0.8
2.8
3.2
2.9
5.2
3.8
1.8
2.1
3.2
2.5
-0.3
4.7
3.6
3.3
5.9
3.4
5.4
1.9
2.4
2.6
2.2
1.8
1.0
3.8
4.1
- 1.0
7.8
0.6
0.6
4.2
4.0
4.1
4.2
5.0
0.2
1.6
0.8
2.1
3.4
1.7
3.5
3.8
4.1
0.8
4.1
1.9
3.1
3.2
3.6
- 1.6
4.6
3.7
0.2
4.5
1.9
3.6
3.3
2.8
5.0
2.3
2.1
2.8
3.2
3.4
3.1
0.8
2.1
3.7
5.5
2.9
4.0
3.7
4.1
4.3
5.5
3.7
5.0
2.8
2.6
1.7
2.0
-0.4
0.4
2.9
4.6
0.7
0.5
1.3
4.5
4.6
4.3
0.2
0.7
-2.5
-0.1
- 0.1
- 0.2
0.6
0.7
-0.3
4.5
5.5
5.3
5.1
0.9
1.7
0.8
0.8
0.9
2.3
0.1
1.6
2.8
0.6
2.7
3.2
-0.7
2.9
6.5
4.4
12.4
9.3
13.0
- 2.2
6.1
4.4
4.5
3.8
4.5
4.6
4.3
4.2
5.0
4.3
4.3
3.7
1.8
4.0
2.7
3.2
2.4
-4.4
-4.1
- 8.0
2.6
3.
Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
N o t e . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
D-58
February 2009
International Data
F. Transactions Tables
Selected U.S. international transactions tables are presented in this section. For BEA’s full set of detailed estimates of U.S.
international transactions, visit BEA’s Web site at www.bea.gov.
Table F.1. U.S. International Transactions in Goods and Services
[Millions of dollars, monthly estimates seasonally adjusted]
2007
2007
2008
2008
Nov.
Dec.
Jan.r
Feb.r
March'
A p rilr
May r
June r
J u ly '
Aug. r
Sept. '
O ct.'
Nov. '
Dec. p
Exports of goods and services.........................................
1,645,726
1,842,974 145,214 146,144 149,300 152,462 149,618 155,147 157,093 162,991
Goods.............................................................................
Foods, feeds, and beverages.......................................
Industrial supplies and materials..................................
Capital goods, except automotive................................
Automotive vehicles, parts, and engines......................
Consumer goods (nonfood), except automotive...........
Other goods................................................................
Adjustments ' ..............................................................
1,148,481
84,264
316,335
447,433
121,045
146,102
47,300
-13,999
1,291,337 100,968 101,842 104,597 108,009 104,941 109,970 110,909 116,167 120,745 117,797 107,727 104,708
9,004
8,907
8,112
108,417
7,967
8,520
9,491
9,756
9,554
10,294 10,254
10,064
7,986
33,005 31,557
387,276 27,994 28,704 29,778 31,824 31,597 32,773 34,227 36,762 38,318 37,431
469,465 38,815 39,404 39,404 39,358 37,858 40,138 39,466 40,624 41,527 42,350 38,156 38,011
9,987 10,173
10,836
10,101 10,283 10,781
9,398
10,751
12,115
10,430
10,289 10,053
120,935
13,472 13,311
12,346 12,802
13,273 13,356 12,578 13,418 13,414
14,126
14,876
13,991
161,168
4,675
4,484
4,604
53,237
3,909
4,134
4,591
4,530
4,621
4,368
4,359
4,376
4,443
-512
-796
-906
-776
-546
-758
-828 -1,073
-459
-713
-9,160 -1,433 -1,065
Services.........................................................................
Travel...........................................................................
Passenger fares..........................................................
Other transportation
Royalties and license fees
Other private services
Transfers under U.S. military agency sales contracts 2
U.S. government miscellaneous services....................
497,245
96,712
25,586
51,586
82,614
223,483
16,052
Imports of goods and services........................................
2,345,983
2,520,073 205,084 203,722 208,528 214,414 207,098 217,036 217,630 222,198 229,897 224,899 212,078 208,657 183,905 173,733
Goods.............................................................................
Foods, feeds, and beverages......................................
Industrial supplies and materials..................................
Capital goods, except automotive................................
Automotive vehicles, parts, and engines......................
Consumer goods (nonfood), except automotive...........
Other goods................................................................
Adjustments 1
1,967,853
81,683
634,746
444,486
258,920
474,892
62,234
10,892
2,112,490 172,664 171,350 175,261 181,009 173,860 183,437 183,537 187,951 195,378 189,372 177,781 174,274 150,336 140,293
7,392
6,907
7,094
7,196
7,101
7,557
7,806
7,611
7,700
89,001
7,102
7,653
7,513
7,275
7,103
48,492 42,890
775,535 59,198 60,310 64,216 64,772 61,783 67,764 67,330 73,625 80,120 74,034 65,509 65,001
37,712
37,519 38,345 37,955 39,185 39,855 38,514 39,086 38,331
38,808 37,395 35,141
33,620
453,755 37,851
233,634 22,099 20,722 21,202 22,767 20,272 21,448 20,445 20,503 20,416
19,258 18,440
17,570
14,888
16,423
39,629 40,292 41,937 41,428 41,171
43,674 40,306 40,445 36,931
482,469 40,314 39,727 39,156 41,061
36,440
5,647
5,379
5,210
5,535
5,766
6,001
5,624
66,038
5,468
5,168
5,281
5,563
5,661
5,353
5,018
1,584
784
632
804
794
1,657
1,590
754
707
1,028
646
1,460
12,059
721
333
Services........
Travel..........
Passenger fares
Other transportation
Royalties and license fees...........................................
Other private services.................................................
Direct defense expenditures 2.....................................
U.S. government miscellaneous services....................
378,130
76,167
28,486
67,050
25,048
144,375
32,820
4,184
Memoranda:
Balance on goods...........................................................
Balance on services........................................................
Balance on goods and services......................................
-819,373
119,115
-700,258
1,212
551,637
111,459
31,410
60,236
91,137
241,047
15,113
1,234
407,583
80,383
32,237
72,822
27,856
154,128
35,780
4,377
44,246
8,866
2,399
4,695
7,265
19,725
1,188
107
32,420
6,519
2,447
5,752
1,992
12,447
2,902
360
44,302
8,880
2,481
4,611
7,294
19,765
1,163
107
32,372
6,467
2,477
5,671
2,002
12,465
2,929
361
44,703
8,880
2,457
4,900
7,127
19,493
1,745
100
33,267
6,810
2,663
5,935
2,172
12,412
2,914
361
44,453
9,069
2,528
4,870
7,181
19,291
1,414
99
33,405
6,840
2,646
6,040
2,227
12,368
2,923
361
44,677
9,111
2,638
4,862
7,250
19,504
1,212
100
33,238
6,753
2,619
5,894
2,263
12,416
2,932
361
45,177
9,043
2,420
5,180
7,427
19,843
1,163
46,184
9,422
2,551
5,273
7,529
20,085
101
103
33,599
6,666
2,616
6,104
2,201
12,677
2,974
361
1,220
34,092
6,887
2,642
6,211
2,206
12,788
2,996
363
34,246
6,739
2,775
6,248
2,220
12,885
3,016
364
47,517
9,780
2,813
5,370
7,694
20,570
1,185
105
34,519
6,720
2,807
6,346
2,260
12,973
3,046
368
47,727
10,109
2,855
5,354
7,771
20,296
1,236
105
35,527
6,882
2,772
6,296
3,173
12,981
3,054
369
47,274
9,579
2,794
5,096
7,845
20,706
1,149
105
34,297
6,566
2,666
6,197
2,295
13,154
3,050
370
46,741
9,273
2,658
4,915
7,885
20,629
1,278
104
34,383
6,595
2,756
6,091
2,286
13,254
3,034
367
97,044
7,581
27,281
36,557
8,965
13,081
4,504
-924
88,723
6,880
22,724
36,017
7,708
12,272
3,991
-870
45,278
8,760
2,481
4,624
7,906
20,206
1,198
104
45,081
8,845
2,499
4,453
7,901
20,136
1,143
104
33,569
6,411
2,658
5,784
2,281
13,115
2,954
366
33,440
6,514
2,617
5,676
2,273
13,107
2,887
366
-821,153 -71,697 -69,509 -70,664 -73,000 -68,920 -73,467 -72,628 -71,785 -74,633 -71,575 -70,054 -69,566 -53,292 -51,570
11,577 12,092
11,439
12,578 12,998
12,200 12,977 12,358 11,709 11,641
144,054
11,826 11,930
11,436 11,048
-677,099 -59,871 -57,579 -59,228 -61,952 -57,481 -61,889 -60,537 -59,206 -61,635 -59,375 -57,076 -57,208 -41,583 -39,929
p Preliminary
2. Contains goods that cannot be separately identified,
r Revised
Source: U.S. Bureau of Economic Analysis and U.S. Census Bureau.
1. Reflects adjustments necessary to bring Census Bureau data in line with the concepts and definitions used by BEA to
prepare international and national accounts.
46,825
9,588
2,716
5,337
7,621
20,287
1,171
104
168,262 165,524 155,002 151,449 142,322 133,804
February 2009
D-59
S u r v e y o f C u r r e n t B u sin e ss
Table F.2. U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
Line
(Credits +; debits -)
2007
2007
II
Current account
Exports of goods and services and income receipts......................
Exports of goods and services.........................................................
Goods, balance of payments basis..............................................
Services.......................................................................................
Transfers under U.S. military agency sales contracts................
Travel........................................................................................
Passenger fares.......................................................................
Other transportation.................................................................
Royalties and license fees........................................................
Other private services..............................................................
U.S. government miscellaneous services................................
Income receipts................................................................................
Income receipts on U.S.-owned assets abroad............................
Direct investment receipts........................................................
Other private receipts...............................................................
U.S. government receipts.........................................................
Compensation of employees........................................................
Imports of goods and services and income payments...................
Imports of goods and services.........................................................
Goods, balance of payments basis..............................................
Services.......................................................................................
Direct defense expenditures.....................................................
Travel.......................................................................................
Passenger fares.......................................................................
Other transportation.................................................................
Royalties and license fees........................................................
Other private services..............................................................
U.S. government miscellaneous services.................................
Income payments.............................................................................
Income payments on foreign-owned assets in the United States
Direct investment payments.....................................................
Other private payments......
U.S. government payments
Compensation of employees..
Unilateral current transfers, net..
U.S. government grants.............
U.S. government pensions and other transfers.................................
Private remittances and other transfers............................................
Capital account
39 Capital account transactions, net.....................................................
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
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
71a
72
73
74
75
76
77
Financial account
U.S.-owned assets abroad, excluding financial derivatives
(increase/financial outflow (-))......................................................
U.S. official reserve assets
........
Gold...........................
........
Special drawing rights.
........
Reserve position in the International Monetary Fund...................
Foreign currencies........................................................................
U.S. government assets, other than official reserve assets...............
U.S. credits and other long-term assets.......................................
Repayments on U.S. credits and other long-term assets..............
U.S. foreign currency holdings and U.S. short-term assets...........
U.S. private assets...........................................................................
Direct investment..........................................................................
Foreign securities.........................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns...................................................................................
U.S. claims reported by U.S. banks, not included elsewhere........
Foreign-owned assets in the United States, excluding financial
derivatives (increase/financial inflow (+))....................................
Foreign official assets in the United States......................................
U.S. government securities..........................................................
U.S. Treasury securities...........................................................
Other........................................................................................
Other U.S. government liabilities..................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.....
Other foreign official assets..........................................................
Other foreign assets in the United States.........................................
Direct investment..........................................................................
U.S. Treasury securities...............................................................
U.S. securities other than U.S. Treasury securities.......................
U.S. currency................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S.
nonbanking concerns...............................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.....
Financial derivatives, net...................................................................
Statistical discrepancy (sum of above items with sign reversed)
Of which: Seasonal adjustment discrepancy....................................
Memoranda:
Balance on goods (lines 3 and 20).......................................................
Balance on services (lines 4 and 21)...................................................
Balance on goods and services (lines 2 and 19).................................
Balance on income (lines 12 and 29)...................................................
Unilateral current transfers, net (line 35)..............................................
Balance on current account (lines 1,18, and 35 or lines 74,75, and 76)
p Preliminary
r Revised
Seasonally adjusted
2007
2008
2008
IV
I
II r
III e
II
III
IV
I
II r
III p
644,178
446,177
315,351
130,826
4,371
24,152
7,077
14,277
20,916
59,735
299
198,001
197,238
95,434
101,088
716
763
-767,073
-601,621
-507,017
-94,603
-8,769
-17,410
-7,277
-17,192
-6,428
-36,444
-1,083
-165,452
-162,938
-25,884
-94,302
-42,752
-2,514
-32,408
-9,990
-1,680
-20,738
676,958
478,512
341,526
136,985
3,554
29,112
7,732
15,673
22,387
58,219
308
198,446
197,679
103,541
93,412
726
767
-831,466
-661,838
-556,515
-105,323
-8,986
-23,084
-8,721
-18,773
-6,352
-38,320
-1,088
-169,628
-167,200
-38,122
-86,115
-42,963
-2,428
-28,214
-7,305
-2,014
-18,895
679,785
484,947
338,138
146,809
3,570
33,662
15,939
23,034
61,401
315
194,838
194,093
98,275
94,759
1,059
745
-846,437
-683,299
-575,389
-107,910
-9,150
-22,907
-8,704
-19,276
-7,503
-39,263
-1,107
-163,139
-160,628
-32,123
-86,987
-41,518
-2,511
-28,231
-7,117
-1,539
-19,575
602,122
399,951
279,488
120,463
4,000
23,154
5,996
12,639
19,866
54,521
288
202,171
201,434
89,673
111,187
574
737
-771,262
-578,770
-485,375
-93,395
-8,085
-18,849
-6,979
-16,767
-6,260
-35,437
-1,018
-192,492
-189,991
-40,620
-107,963
-41,408
-2,501
-24,953
-5,611
-1,834
-17,508
638,393
424,873
295,494
129,378
3,881
25,241
6,530
13,081
21,940
58,396
309
213,520
212,774
94,953
117,275
546
746
-783,548
-592,986
-496,698
-96,288
-8,132
-19,247
-7,422
-17,119
-6,155
-37,145
-1,069
-190,562
-188,045
-35,243
-110,898
-41,904
-2,517
-27,796
-7,109
-1,837
-18,850
650,808
435,465
303,180
132,285
3,542
26,499
7,259
13,790
21,817
59,058
320
215,343
214,587
100,259
113,774
554
756
-788,264
-609,248
-512,099
-97,149
- 8,688
-19,533
-7,364
-17,142
-5,991
-37,350
-1,081
-179,016
-176,436
-25,424
-108,281
-42,731
-2,580
-29,784
-9,950
-1,849
-17,985
651,473
451,645
317,813
133,833
4,371
27,060
7,623
14,632
21,559
58,289
299
199,827
199,064
97,262
101,088
714
763
-795,371
-628,756
-528,845
-99,910
-8,769
-20,403
-7,928
-17,869
-6,663
-37,196
-1,083
-166,615
-164,055
-27,001
-94,302
-42,752
-2,560
-31,742
-9,990
-1,951
-19,801
671,944
475,498
337,312
138,186
3,554
28,053
7,687
15,791
22,577
60,216
308
196,446
195,679
101,524
93,412
743
767
-823,859
-655,578
-553,641
-101,937
-8,986
-20,292
-8,033
-18,563
-6,626
-38,349
-1,088
-168,282
-165,734
-36,656
-86,115
-42,963
-2,547
-29,028
-7,305
-1,966
-19,757
683,708
489,053
346,536
142,518
3,570
29,468
8,462
15,820
23,310
61,572
315
194,655
193,910
98,068
94,759
1,083
745
-829,408
-665,589
-561,246
-104,343
-9,150
-20,168
-8,245
-18,838
-7,727
-39,108
-1,107
-163,819
-161,274
-32,769
-86,987
-41,518
-2,545
-28,390
-7,117
-1,970
-19,303
-600
-631
-593
-112
-617
-571
-600
-631
-593
-1,289,854 -526,163 -179,448 -135,529 -272,093
-122
26
-54
-22
-276
98,197
-1,267
-3,697 -523,556 -170,476 -153,757 -260,644
-179
26
-54
-22
-276
102,698
-1,267
9,505
-179
0
0
2,463,505
1,645,726
1,148,481
497,245
16,052
96,712
25,586
51,586
82,614
223,483
III
817,779
814,807
368,275
444,299
2,233
2,972
-3,082,014
-2,345,984
-1,967,853
-378,130
-32,820
-76,167
-28,486
-67,050
-25,048
-144,375
-4,184
-736,030
-726,031
-134,414
-426,515
-165,102
-9,999
-112,705
-33,237
-7,323
-72,145
608,364
404,467
285,008
119,459
4,000
24,387
5,848
12,575
19,683
52,679
288
203,897
203,160
91,434
111,187
539
737
-777,437
-583,705
-487,304
-96,401
-8,085
-21,390
-7,588
-16,903
- 6,011
-35,406
-1,018
-193,732
-191,353
-41,982
-107,963
-41,408
-2,379
-24,299
-5,611
-1,777
-16,910
13,018
21,588
58,084
309
213,647
212,901
95,105
117,275
521
746
-793,312
-603,246
-503,513
-99,733
-8,132
-21,916
-7,841
-17,476
-6,004
-37,294
-1,069
-190,066
-187,602
-34,800
-110,898
-41,904
-2,464
-27,693
-7,109
-1,260
-19,324
654,122
439,225
307,832
131,393
3,542
23,508
7,340
14,120
22,853
59,710
320
214,897
214,141
99,764
113,774
603
756
-797,288
-617,983
-522,612
-95,371
- 8,688
-17,024
-6,899
-17,101
-6,646
-37,931
-1,081
-179,305
-176,548
-25,536
-108,281
-42,731
-2,757
-30,171
-9,950
-2,746
-17,475
-1,843
-112
-617
-571
1,212
0
0
-154
-39
294
-229
-596
-1,405
687
1,021
-989
-22,273
-2,475
4,104
-23,902
-1,267,459
-333,271
-288,731
634,480
420,832
287,925
132,908
3,881
29,159
6,868
0
0
0
-37
-35
-29
230
285
112
-247
-272
-359
623 -22,744
3,265
-279
-182
-179
780
1,546
487
122
25 -24,011
2,957
-525,593 -180,017 -112,763 -275,082
-96,224
-71,015 -92,678 -100,548
-84,671 -100,317
-4,202
-35,066
0
8,888
0
0
0
0
0
-22
-30
-39
-37
-35
-29
256
294
-955
230
285
112
-290
-405
-229
-247
-272
-359
-41,592 -225,994
-596
-22,744
623
3,265
-338
-1,106
-1,405
-182
-279
-179
597
687
497
780
1,546
487
122
25 -24,011
2,957
-40,983 -226,253
222,476 -522,985 -171,045 -130,990 -263,634
141,056
-88,551
-70,073 -93,616
-62,043 -110,905
-89,100
86,768 -84,671 -100,317
-33,576
-4,202
-35,066
-22
-30
-955
256
-290
-405
-41,592 -225,994
-1,106
-338
497
597
-40,983 -226,253
145,558 235,678
-84,049
-56,871
-33,576
86,768
-706 -134,713
-644,751 -209,985
80,012
100,043
81,848
-88,697 -115,926 -221,316
49,324
213,859
53,787 -134,713
151,994 -209,985
80,012
100,043
81,848
-88,697 -115,926 -221,316
49,324
213,859
53,787
151,994
2,057,703
411,058
230,330
58,865
171,465
5,342
108,695
66,691
720,720
88,822
61,641
1,610
60,031
-69
15,956
11,294
267,216
13,469
-7,788
-25,810
18,022
913
9,873
10,471
377,162
145,497
54,837
42,728
12,109
4,132
52,537
33,991
459,399
173,533
167,883
88,649
79,234
1,645
-26,930
30,935
25,630
145,391
151,288
58,143
93,145
2,439
-30,055
21,719
125,948
117,663
108,118
116,479
-8,361
1,714
9,617
-1,786
718,112
88,822
61,641
1,610
60,031
-69
15,956
11,294
266,476
13,469
-7,788
-25,810
18,022
913
9,873
10,471
380,402
145,497
54,837
42,728
12,109
4,132
52,537
33,991
459,017
173,533
167,883
88,649
79,234
1,645
-26,930
30,935
22,719
145,391
151,288
58,143
93,145
2,439
-30,055
21,719
125,692
117,663
108,118
116,479
-8,361
1,714
9,617
-1,786
1,646,645
237,542
156,825
573,850
-10,675
631,898
64,470
-13,522
310,340
-1,635
253,747
106,648
67,406
-30,486
655
231,665
52,506
60,059
110,489
-3,530
285,866 -119,761
80,819
108,215
63,263
65,692
-20,475
17,068
-914
230
8,285
66,373
89,506
-89,163
5,845
629,290
61,862
-13,522
310,340
-1,635
253,007
105,908
67,406
-30,486
655
234,905
55,746
60,059
110,489
-3,530
285,484 -122,672
105,304
80,437
65,692
63,263
17,068
-20,475
-914
230
8,029
66,117
89,506
-89,163
5,845
156,290
532,813
6,4%
-41,287
122,476
149,769
-1,007
-66
84,085 -54,350
83,598
79,088 -256,616 -147,874
n.a.
-8,001
-2,519
73,226
-23,403
62,045
122,476
149,769
-1,007
656
722
55,599 -111,846
53,925
123,987
5,942 -13,234
71,627 -45,600
8,892
-21,805
55,599 -111,846
123,987
53,925
5,942 -13,234
93,431
-54,491
84,085 -54,350
83,598
79,088 -256,616 -147,874
-2,519
n.a.
-8,001
58,677
39,487
-14,131
9,271
-3,368
-33,739
-819,373 -202,296 -215,588 -214,780 -191,666 -214,988 -237,251 -205,887 -201,204 -208,919 -211,032 -216,328 -214,710
119,115
23,058
33,175
36,023
31,662
38,900
36,249
36,223
27,068
33,090
35,136
33,922
38,175
-700,258 -179,238 -182,414 -178,757 -155,443 -183,326 -198,351 -178,819 -168,114 -173,783 -177,110 -180,079 -176,536
81,749
10,165
23,582
35,592
32,549
28,819
31,699
9,679
36,327
28,164
22,958
33,212
30,835
-112,705
-24,299
-27,693 -30,171
-32,408
-28,214
-28,231
-24,953
-27,796
-29,784
-31,742
-29,028
-28,390
-731,214 -193,372 -186,525 -173,336 -155,302 -182,722 -194,883 -194,093 -172,952 -167,241 -175,640 -180,944 -174,091
D-60
International Data
February 2009
Table F.3. U.S. International Transactions, by Area—Continues
[Millions of dollars]
European Union
Europe
Line
Euro area
United Kingdom
(Credits +; debits -)
2008:llr
2008:1 II p
2008:llr
2008:III p
2008:llr
2008:lll p
2008:llr
2008:lll p
Current account
1 Exports of goods and services and income receipts.............................................................
2 Exports of goods and services.................................................................................................
240,763
235,541
205,629
200,937
136,150
132,194
56,844
56,499
145,206
143,369
122,827
120,660
82,560
81,399
31,292
30,348
3
Goods, balance of payments basis......................................................................................
87,322
82,296
72,622
67,567
53,215
50,289
14,770
12,909
4
5
Services..............................................................................................................................
Transfers under U.S. military agency sales contracts.......................................................
57,884
839
61,073
920
50,204
485
53,093
532
29,345
215
31,110
216
16,521
97
17,438
98
9,956
2,771
5,537
11,607
3,168
5,674
9,135
2,540
4,872
10,752
2,934
4,981
4,764
1,484
2,760
5,865
1,638
2,852
3,523
895
1,267
4,107
1,018
1,304
Royalties and license fees
Other private services....
U.S. government miscellaneous services........................................................................
13,147
25,559
75
13,539
26,076
89
10,638
22,476
58
10,970
22,853
70
7,306
12,778
38
7,525
12,962
52
2,565
8,161
14
2,649
8,249
14
Income receipts.....................
Income receipts on U.S.-owned assets abroad....................................................................
Direct investment receipts
Other private receipts....
U.S. government receipts
Compensation of employees
95,556
95,440
47,759
47,177
504
117
92,172
92,055
44,171
47,056
828
117
82,803
82,708
39,481
42,780
447
95
80,277
80,181
36,491
42,955
735
95
53,591
53,537
31,207
21,884
446
54
50,795
50,742
28,769
21,253
720
53
25,552
25,526
6,398
19,128
26,151
26,124
6,081
20,028
15
27
6
7
8
9
10
11
12
13
14
15
16
17
Travel.............................
Passenger fares............
Other transportation......
0
18 Imports of goods and services and income payments..........................................................
-254,858
-245,419
-216,012
-204,190
-143,631
-129,587
26
-57,817
19
Imports of goods and services.................................................................................................
-165,129
-163,079
-138,765
-135,240
-100,353
-95,258
-27,257
-28,551
20
21
22
Goods, balance of payments basis......................................................................................
-118,311
-116,085
-97,947
-94,393
-74,741
-70,039
-15,075
-16,033
Services...............................................................................................................................
Direct defense expenditures.............................................................................................
-46,819
-3,551
-46,993
-3,625
-40,817
-3,144
-40,848
-3,210
-25,612
-2,580
-25,219
-2,685
-12,182
-511
-12,518
-475
-8,874
-4,741
-7,495
-8,400
-4,633
-7,751
-8,063
-4,541
-6,626
-7,590
-4,414
-6,869
-5,793
-2,711
-3,978
-4,964
-2,678
•4,203
-1,839
-1,564
-1,398
-2,170
-1,389
-1,462
-60,002
23
24
25
Travel.................
Passenger fares.
Other transportation
26
27
28
Royalties and license fees
Other private services......................................................................................................
U.S. government miscellaneous services........................................................................
-3,850
-17,788
-519
-3,995
-18,067
-522
-2,960
-15,108
-376
-3,067
-15,304
-394
-1,908
-8,313
-330
-1,982
-8,359
-349
-621
-6,215
-34
-639
-6,341
-43
29
30
31
32
33
34
Income payments.....................................................................................................................
Income payments on foreign-owned assets in the United States..........................................
Direct investment payments.............................................................................................
Other private payments....................................................................................................
U.S. government payments..............................................................................................
Compensation of employees................................................................................................
-89,728
-89,581
-30,075
-48,508
-10,998
-147
-82,340
-82,203
-23,494
-48,145
-10,564
-138
-77,247
-77,132
-24,910
-44,534
-7,688
-115
-68,950
-68,841
-17,476
-44,119
-7,246
-109
-43,278
-43,196
-15,783
-23,757
-3,656
-82
-34,329
-34,250
-7,418
-23,736
-3,096
-79
-30,560
-30,534
-7,314
-19,751
-3,469
-26
-31,452
-31,427
-8,462
-19,335
-3,630
-25
-2,133
-492
-459
-1,182
-2,049
-574
-464
- 1,011
-963
-49
-427
-487
-691
-23
-431
-237
-1,525
-937
-14
-300
-623
758
0
0
-323
-1,182
-71
829
-72
855
-228
-231
-122
-124
-68
-68
-15
-16
35 Unilateral current transfers, net....................
36
U.S. government grants................................
37
U.S. government pensions and other transfeis
Private remittances and other transfers........
38
-20
783
Capital account
39 Capital account transactions, net.............................................................................................
Financial account
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
83,066
-33,412
32,486
-19,592
-110,551
-14,357
153,412
-31,954
41
42
43
44
45
U.S. official reserve assets.......................................................................................................
Gold.....................................................................................................................................
-263
-365
-194
-291
-194
-291
0
0
0
0
0
0
0
0
0
0
-263
-365
-194
-291
-194
-291
46
47
48
49
U.S. government assets, other than official reserve assets.....................................................
U.S. credits and other long-term assets....
Repayments on U.S. credits and other long-term assets.....................................................
U.S. foreign currency holdings and U.S. short-term assets..................................................
U.S. private assets.......................................
Direct investment......................................
Foreign securities.................................................................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns......................
U.S. claims reported by U.S. banks, not included elsewhere...............................................
-40,954
-13
49
-40,990
-186,586
-38
89
-186,637
-34,985
-169,709
-34,990
-124,712
-22
0
0
7
-34,992
7
-34,997
124,283
-51,071
-23,150
46,731
151,773
153,539
-38,846
70,819
86,582
34,984
67,665
-43,697
-31,079
46,346
96,095
49
-169,736
150,408
-31,796
68,345
87,384
26,475
-75,367
-35,744
-7,570
-13,532
-18,521
27
-124,739
110,646
-29,973
42,772
21,860
75,987
2
0
0
2
-39,997
0
153,410
-3,033
-26,857
61,522
121,778
8,043
-2,508
15,772
59,986
-65,207
55 Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow (+)).................................................................................................................
-138,732
4,481
-177,044
-11,802
-75,799
-7,531
-102,948
4,142
362
(1)
(’)
n
410
(’)
(’)
4,119
59,591
25,311
-53,781
n.a.
75,539
-102,541
(2)
(2)
(2)
169
(2)
(2)
(2)
(2)
(2)
(2)
313
(2)
(2)
(2)
(2)
(2)
(2)
250
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
93
(2)
(2)
(2)
(2)
(2)
(2)
46
(2)
(2)
(2)
45,482
(2)
- 6,102
n.a.
-48,182
2-168,411
(2)
48,884
(2)
-49,674
n.a.
75,919
2-87,244
(2)
30,103
(2)
-32,503
n.a.
-13,720
2-59,929
(2)
34,936
(2)
-44,702
n.a.
4,298
2-2,163
(2)
16,660
(2)
21,301
n.a.
-34,360
2-106,642
(2)
16,492
(2)
-2,721
n.a.
71,635
2—81,310
50
51
52
53
54
0
0
-39,997
56
57
58
59
60
61
62
Foreign official assets in the United States
U.S. government securities..........
U.S. Treasury securities...........
Other.......................................
Other U.S. government liabilities..........................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.............................................
Other foreign official assets..................................................................................................
63
64
65
Other foreign assets in the United States.................................................................................
Direct investment..................................................................................................................
U.S. Treasury securities.......................................................................................................
U.S. securities other than U.S. Treasury securities..............................................................
U.S. currency........................................................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns...................
U.S. liabilities reported by U.S. banks, not included elsewhere.............................................
22,790
( 1)
<1)
( 1)
113
n
(')
-161,522
57,326
41,442
-473
n.a.
-46,690
-213,127
70 Financial derivatives, net...........................................................................................................
-8,593
n.a.
-8,304
n.a.
-13,613
n.a.
5,424
n.a.
71 Statistical discrepancy (sum of above items with sign reversed).........................................
80,715
41,090
164,330
35,462
209,036
20,286
-55,657
30,549
Memoranda:
Balance on goods (lines 3 and 20)...............................................................................................
Balance on services (lines 4 and 21)...........................................................................................
Balance on goods and services (lines 2 and 19).........................................................................
Balance on income (lines 12 and 29)...........................................................................................
Unilateral current transfers, net (line 35)......................................................................................
Balance on current account (lines 1,18, and 35 or lines 74,75, and 76)....................................
-30,989
11,065
-19,923
5,828
-2,133
-16,228
-33,789
14,080
-19,709
9,832
-2,049
-11,927
-25,325
9,387
-15,938
5,555
-963
-11,345
-26,826
12,245
-14,580
11,327
-691
-3,944
-21,526
3,733
-17,794
10,313
-1,525
-9,005
-19,750
5,891
-13,859
16,466
-937
1,670
-304
4,339
4,035
-5,008
758
-215
-3,123
4,920
1,797
-5,301
783
-2,721
66
67
68
69
72
73
74
75
76
77
p Preliminary
r Revised
(*) Transactions are less than $500,000 (+/-)
1. Details not shown separately; see totals in lines 56 and 63.
100
2. Details not shown separately are included in line 69.
3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for
China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.
February 2009
Survey
of
D-61
C u r r e n t B u sin ess
Table F.3. U.S. International Transactions, by Area—Continues
[Millions of dollars]
Latin America and Other
Western Hemisphere
Canada
Line
(Credits +; debits -)
2008:11r
2008:lll p
2008:11r
2008:lll p
2008:llr
Australia
Asia and Pacific
Mexico
2008:lll p
2008:llr
2008:lll p
2008:11r
2008:lll p
Current account
1 Exports of goods and services and income receipts.............................................................
2 Exports of goods and services.................................................................................................
97,463
92,324
138,622
146,246
48,273
50,902
152,045
155,118
13,441
84,382
79,057
97,159
104,661
44,107
46,730
122,389
125,631
8,896
9,234
3
Goods, balance of payments basis......................................................................................
71,897
66,959
73,800
78,732
38,078
40,526
88,696
88,057
5,721
5,876
4
5
Services..............................................................................................................................
Transfers under U.S. military agency sales contracts.......................................................
12,486
134
12,098
134
23,360
162
25,929
198
6,029
4
6,204
3
33,693
37,574
965
3,175
89
3,359
89
6
Travel...............................................................................................................................
Passenger fares..............................................................................................................
Other transportation.....
Royalties and license fees
Other private services...
U.S. government miscellaneous services........................................................................
4,351
944
941
3,606
1,003
1,009
1,739
4,584
6,135
1,963
1,912
1,826
11,308
53
7,629
2,299
2,036
1,876
11,838
53
1,818
612
430
478
2,679
1,824
562
449
491
9,231
2,196
5,521
5,394
14,156
8
9
7,447
1,823
5,565
5,260
12,471
107
111
846
191
118
593
1,333
5
944
218
123
611
1,368
5
Income receipts.......................................................................................................................
Income receipts on U.S.-owned assets abroad
Direct investment receipts...................
Other private receipts..........................
U.S. government receipts....................
Compensation of employees................................................................................................
13,081
13,040
6,996
6,044
13,268
13,226
6,909
6,317
4,585
4,578
2,119
2,459
100
0
0
41
9
29,655
29,551
18,673
10,761
117
104
4,545
4,538
2,173
2,365
42
4,166
4,157
3,160
996
O
9
29,488
29,383
18,137
11,146
0
41,586
41,529
19,783
21,715
31
57
4,172
4,163
3,159
0
41,463
41,406
20,493
20,857
56
57
105
7
7
18 Imports of goods and services and income payments..........................................................
-105,995
-105,290
-147,277
-152,777
-65,783
-65,111
-245,529
-260,628
-7,242
-7,324
-99,150
-98,767
-118,844
-123,033
-62,257
-61,436
-207,121
-223,003
-4,681
-4,935
Goods, balance of payments basis
-92,714
-91,104
-100,785
-104,707
-58,024
-57,445
-181,269
-197,222
-2,874
-3,056
Services......................................
Direct defense expenditures.....
-6,436
-49
-7,663
-60
-18,059
-84
-18,326
-4,233
-3,991
-88
-2
-2
-25,852
-1,828
-25,782
-1,825
-1,807
-61
-1,879
-50
-2,677
-224
-373
-2,380
-247
-356
-4,512
-2,608
-6,404
-3,958
-2,610
-6,541
-323
-224
-104
-341
-286
-65
7
8
9
10
11
12
13
14
15
16
17
19
20
21
22
Imports of goods and services.................................................................................................
1,686
4,392
38
22
2,866
1,002
2
1,020
13,819
23
24
25
Travel.......................................
Passenger fares..............................................................................................................
Other transportation........................................................................................................
- 1,888
-3,111
-6,564
-88
-88
-866
-1,353
-1,304
-1,976
-6,219
- 1,020
-2,087
26
27
28
Royalties and license fees................................................................................................
Other private services.........................
U.S. government miscellaneous services
-181
-2,761
-115
-188
-2,802
-97
-8,319
-152
-105
-8,648
-159
-16
-895
-47
-16
-941
-49
-2,162
-8,165
-173
-2,257
-8,419
-171
-131
-943
-110
-20
-137
-985
-16
29
30
31
32
33
34
Income payments.......................................
Income payments on foreign-owned assets in the United States.........................................
Direct investment payments.............................................................................................
Other private payments.
U.S. government payments
Compensation of employees
-6,846
-6,707
-3,018
-3,330
-359
-139
-6,523
-6,390
-2,621
-3,429
-340
-133
-28,433
-26,567
-726
-21,158
-4,683
-1,865
-29,745
-27,733
-1,664
-21,555
-4,514
- 2,011
-3,526
-1,698
-274
-624
-800
-1,828
-3,675
-1,708
-313
-656
-739
-1,967
-38,409
-38,160
-3,856
-9,387
-24,917
-248
-37,624
-37,416
-3,171
-9,939
-24,306
-208
-2,561
-2,557
-1,358
-927
-272
-4
-2,389
-2,385
-1,233
-908
-244
-4
35 Unilateral current transfers, net
36
U.S. government grants...........................................................................................................
37
U.S. government pensions and other transfers........................................................................
Private remittances and other transfers....................................................................................
38
-381
-451
-53
-18
0
0
-167
-214
-165
-286
-8,273
-564
-204
-7,505
-8,753
-831
-207
-7,715
-3,227
-24
-75
-3,128
-3,286
-28
-77
-3,181
-5,565
-2,499
-230
-2,836
-5,160
-1,541
-228
-3,392
0
-21
0
-22
-32
4
23
53
-53
-39
-29
-25
-268
-274
-8
-8
Capital account
39 Capital account transactions, net.............................................................................................
Financial account
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
9,964
-9,270
14,353
14,590
2,613
-2,705
-4,782
10,400
-16,201
2,565
41
42
43
44
45
U.S. official reserve assets......................................................................................................
Gold.....................................................................................................................................
Special drawing rights...................................................
Reserve position in the International Monetary Fund.....
0
0
0
0
0
0
0
0
0
0
0
0
-27
-40
0
0
0
0
0
0
46
47
48
49
U.S. government assets, other than official reserve assets.
U.S. credits and other long-term assets.........................
Repayments on U.S. credits and other long-term assets
U.S. foreign currency holdings and U.S. short-term assets
1
0
0
1
1
0
0
1
188
20
0
12
8
12
-6
-10,006
22
5
-74
84
-5
50
51
52
53
54
U.S. private assets.............................................................
Direct investment...........................................................
Foreign securities................................................................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns......................
U.S. claims reported by U.S. banks, not included elsewhere...............................................
9,963
-2,155
-11,037
-772
23,927
-9,271
-4,064
5,452
634
-11,293
14,165
-12,534
-7,682
4,309
30,072
14,585
-14,686
-22,290
-34,520
86,081
2,593
-1,720
4,128
-1,098
1,283
55 Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow (+))................................................................................................................
33,136
-15,645
-178
-36,298
23,053
9,144
8,300
-14,244
(2)
(2)
(2)
56
57
58
59
60
61
62
Foreign official assets in the United States..............................................................................
U.S. government securities
U.S. Treasury securities
Other...........................
Other U.S. government liabilities
.....................................................
U.S. liabilities reported by U.S. banks, not included elsewhere............................................
Other foreign official assets...........................................
63
64
65
202
(')
(')
( 1)
-53
( 1)
0
(’)
(’)
15
( 1)
-21
187
(1)
(1)
(1)
( 1)
(’)
n
50
n
23,388
4,071
987
(')
(2)
6
0
(1)
(’)
Other foreign assets in the United States...........................
Direct investment...........................................................
U.S. Treasury securities................................................
U.S. securities other than U.S. Treasury securities........
U.S. currency.......................................................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns...................
U.S. liabilities reported by U.S. banks, not included elsewhere.............................................
Financial derivatives, net...........................................................................................................
32,934
11,544
-15,467
1,612
-59,351
18,543
n
(')
(')
393
71 Statistical discrepancy (sum of above items with sign reversed)..........................................
-34,602
Memoranda:
Balance on goods (lines 3 and 20)...............................................................................................
Balance on services (lines 4 and 21)...........................................................................................
Balance on goods and services (lines 2 and 19).........................................................................
Balance on income (lines 12 and 29)...........................................................................................
Unilateral current transfers, net (line 35)......................................................................................
Balance on current account (lines 1,18, and 35 or lines 74,75, and 76).....................................
-20,817
6,050
-14,767
6,235
-381
-8,913
66
67
68
69
70
72
73
74
75
76
77
p Preliminary
r Revised
(*) Transactions are less than $500,000 (+/-)
1. Details not shown separately; see totals in lines 56 and 63.
10,763
n.a.
(')
2,522
-1,368
n.a.
(1)
-5,817
-12,546
n.a.
(1)
V)
0
-101
n.a.
(1)
(2)
0
(2)
(2)
(2)
- 1,010
n.a.
1,090
27,233
-57,742
n.a.
-74,191
4,441
38,278
34,484
-8,411
9,853
-24,145
4,434
-19,710
6,745
-451
-13,417
-26,985
5,301
-21,685
13,030
-8,273
-16,927
-25,974
7,602
-18,372
11,841
-8,753
-15,284
-19,946
1,796
-18,150
640
-3,227
-20,737
n.a.
0
-27
-40
147
-32
181
-2
-39,486
-98
234
-39,622
-6
0
0
-6
-10,006
-2,717
-2,849
900
337
-1,105
-4,903
-18,449
8,676
-770
5,640
49,926
-5,630
28,375
1,508
25,673
-16,195
-2,181
-8,778
176
-5,412
12,571
-818
7,774
340
5,275
-3,922
136,621
120,930
115,942
9,373
-6,405
14
4
(2)
(2)
(2)
(2)
84,693
n
0
0
(1)
(2)
(2)
(2)
0
1,245
(')
(')
754
(2)
(2)
(2)
(1)
(1)
(1)
(’)
749
51,928
18,689
4,988
133
1,758
(2)
(')
(1)
(2)
231
n.a.
-1,604
2-3,298
14,934
n.a.
(2)
(2)
(2)
(2)
(2)
26
126
(2)
(2)
(2)
(2)
(2)
(2)
(2)
34,851
(3)
24,147
22,656
1,452
n.a.
53
-33,973
-20,386
635
-2,630
-16,919
2,213
-14,706
497
-3,286
-17,496
-92,573
7,842
-84,732
-8,753
-5,565
-99,050
-109,165
11,792
-97,373
-8,137
-5,160
-110,670
2,847
1,368
4,215
1,984
-53
6,147
2,820
1,480
4,299
2,196
-18
6,477
n
2,653
n.a.
186
24,750
1,352
-2,280
n.a.
-241
2-5,362
n.a.
(1)
-32,710
n.a.
0
0
2. Details not shown separately are included in line 69.
3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for
China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.
D-62
International Data
February 2009
Table F.3. U.S. International Transactions, by Area—Table Ends
[Millions of dollars]
China
Line
Japan
India
Middle East
Africa
(Credits +; debits -)
2008:11r
2008:lll o
2008:ll'
2008:lll p
2008:llr
2008:lll p
2008:11 r
2008:lll e
2008:11r
2008:lll p
Current account
1 Exports of goods and services and income receipts.............................................................
2 Exports of goods and services.................................................................................................
25,079
24,826
8,222
9,393
34,809
36,605
21,694
23,184
12,312
13,397
22,609
22,544
7,504
8,899
27,739
29,791
18,487
20,005
9,604
10,986
3
Goods, balance of payments basis......................................................................................
18,667
18,219
4,628
5,875
17,285
17,318
13,104
14,227
6,708
7,867
4
5
Services..............................................................................................................................
Transfers under U.S. military agency sales contracts.......................................................
3,941
4,325
2,876
3,024
0
8
12,472
129
5,383
1,158
5,777
1,107
2,896
208
6
Travel...............................................................................................................................
Passenger fares...............................................................................................................
Other transportation.........................................................................................................
Royalties and license fees.....................
Other private services...........................
U.S. government miscellaneous services
714
837
238
817
531
1,893
10
1,102
10,454
128
3,119
0
462
176
264
847
15
942
384
177
271
1,227
15
2,631
792
1,176
1,891
3,803
34
3,952
1,175
1,225
1,937
4,018
36
1,033
118
781
251
2,467
475
115
349
225
1,507
17
556
104
359
234
1,645
718
714
354
358
493
489
117
366
6
6,815
6,793
2,398
4,356
39
2,708
2
7,070
7,049
2,771
4,251
27
748
116
826
243
2,274
19
3,207
3,181
2,618
553
2,411
2,391
1,898
438
55
20
20
-35,618
-34,767
7
8
9
10
11
12
220
872
519
1,608
9
8
20
Income receipts............................................
Income receipts on U.S.-owned assets abroad....................................................................
Direct investment receipts
Other private receipts.....
U.S. government receipts
Compensation of employees
2,471
2,461
1,843
610
10
5
5
21
22
26
3,179
3,153
2,573
565
15
26
18 Imports of goods and services and income payments..........................................................
-96,945
-112,248
-9,627
-10,068
-58,076
-55,508
-37,905
-42,304
13
14
15
16
1/
8
10
2,282
2,272
1,638
619
15
10
2,688
2,192
481
15
202
20
19
Imports of goods and services.................................................................................................
-84,129
-98,798
-9,149
-9,630
-43,523
-41,537
-35,440
-39,164
-35,108
-34,287
20
21
22
Goods, balance of payments basis......................................................................................
-81,575
-96,204
-6,197
-6,693
-36,384
-34,321
-30,038
-33,697
-33,398
-32,575
Services..............................................................................................................................
Direct defense expenditures
-2,554
-2,594
-7,140
-444
-7,216
-454
-5,402
-3,364
-5,468
-3,440
-1,712
-1
-2,938
-5
-1,710
-1
-2,952
-3
-110
-112
-685
-87
-149
23
24
25
Travel..................
Passenger fares..
Other transportation
-637
-158
-999
-583
-214
-1,006
-518
-64
-98
-434
-35
-108
-1,071
-330
-1,846
-924
-328
-1,935
-544
-309
-381
-534
-266
^110
-702
-109
-149
26
27
28
Royalties and license fees
Other private services
U.S. government miscellaneous services........................................................................
-38
-712
-39
-741
-1,915
-1,504
-30
- 2,000
-1,543
-31
-44
-694
-65
-45
-708
-65
-8
-11
-25
-2,324
-7
-8
-10
-23
-2,239
-7
-574
-58
-600
-71
29
30
31
32
33
34
Income payments.......
Income payments on foreign-owned assets in the United States.........................................
Direct investment payments.............................................................................................
Other private payments
U.S. government payments
Compensation of employees
-12,816
-12,719
-29
-1,371
-11,319
-97
-13,450
-13,360
-478
-432
-227
-92
-113
-46
-437
-401
-190
-13,971
-13,948
-1,601
-4,001
-8,346
-23
-2,466
-2,454
645
-1,502
-1,597
-11
-3,139
-3,130
-96
-1,641
-1,393
-9
-510
-493
-109
-36
-14,553
-14,526
-1,808
-3,706
-9,012
-27
-215
-267
-17
-479
-467
-9
-194
-264
-13
35 Unilateral current transfers, net
36
U.S. government grants
U.S. government pensions and other transfers........................................................................
3/
38
Private remittances and other transfers....................................................................................
-606
-725
-2
-2
-592
-23
-758
-26
29
-2
-2
-602
-721
-563
-726
118
-63
92
-2,057
-1,648
-47
-362
-2,093
-1,656
-47
-390
-2,482
-1,251
-6
0
-68
-2,284
-1,165
-6
-8
- 1,111
-1,223
-46
-47
-51
-52
1
1
-90
-91
-15
-12
-20
-1,505
-11,835
-90
-102
50
0
-11
-8
Capital account
39 Capital account transactions, net.............................................................................................
Financial account
-1,244
6,240
-1,553
-1,030
3,107
-7,221
1,812
3,796
-2,421
14,876
41
42
43
44
45
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
U.S. official reserve assets.......................................................................................................
Gold......................................................................................................................................
Special drawing rights..........................................
Reserve position in the International Monetary Fund
Foreign currencies................................................
0
0
0
0
0
0
0
0
-27
^10
0
0
0
0
0
0
0
0
0
-27
^10
46
47
48
49
U.S. government assets, other than official reserve assets
U.S. credits and other long-term assets...............................................................................
Repayments on U.S. credits and other long-term assets.....................................................
U.S. foreign currency holdings and U.S. short-term assets..................................................
18
36
4
13
18
-29,604
65
21
0
0
12
-8
0
21
-8
0
0
0
0
-8
-5
38
-65
-58
40
-4
55
-99
152
18
-1,262
-2,748
5,446
-273
-3,687
6,204
-3,277
281
27
9,173
-1,557
-327
13
-124
-1,119
-1,043
-135
1,136
-69
-1,975
3,116
-2,996
2,406
-58
3,764
109,989
U.S. private assets...................................................................................................................
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns......................
U.S. claims reported by U.S. banks, not included elsewhere...............................................
55 Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow ( + ) ) .................................................................................................................
50
51
52
53
54
0
22
-4
0
20
-29,604
60
13
-12
-27
2
22,423
5,037
7,645
45
9,696
1,747
-960
2,028
-41
720
3,775
-1,045
2,198
-706
3,328
-2,356
1,428
-920
14,821
-998
1,799
21,359
10,903
( 1)
( 1)
( 1)
1,030
( 1)
( 1)
10,456
1,151
( 1)
4,693
n.a.
(')
2,773
16,318
13,001
( 1)
( 1)
( 1)
142
( 1)
(’)
3,317
-125
(')
816
n.a.
( 1)
320
3,688
(')
(')
(')
36
(')
( 1)
6,148
-118
(')
-421
n.a.
( 1)
4,540
130,946
1,108
3,180
33,367
6,106
56
57
58
59
60
61
62
Foreign official assets in the United States
U.S. government securities.
U.S. Treasury securities..
Other..............................
Other U.S. government liabilities
U.S. liabilities reported by US. banks, not included elsewhere............................................
Other foreign official assets..................................................................................................
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
63
64
65
Other foreign assets in the United States
Direct investment...........................
U.S. Treasury securities................
U.S. securities other than U.S. Treasury securities..............................................................
U.S. currency.................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns...................
U.S. liabilities reported by U.S. banks, not included elsewhere............................................
70 Financial derivatives, net...........................................................................................................
-111
86
-2,753
13,934
9,836
-16,146
2,500
( 2)
( 2)
(2)
(2)
(2)
(2)
62
(2)
(2)
(2)
(2)
70
(2)
(2)
(2)
(2)
(2)
(2)
82
(2)
(2)
(2)
-33
(2)
-910
n.a.
707
2110,225
(2)
207
(2)
-6,730
n.a.
642
2136,827
(2)
186
(2)
-149
n.a.
-75
21,084
(2)
248
(2)
(2)
15,758
(2)
n.a.
22,984
n.a.
-1,067
2 10,593
(3)
-48,991
(3)
2,492
(3)
-665
2,998
n.a.
19,988
( 3)
1,189
n.a.
-16,256
(3)
-4,813
35
71 Statistical discrepancy (sum of above items with sign reversed)..........................................
( 3)
-36,228
18,155
25,134
Memoranda:
Balance on goods (lines 3 and 20)...............................................................................................
Balance on services (lines 4 and 21)...........................................................................................
Balance on goods and services (lines 2 and 19).........................................................................
Balance on income (lines 12 and 29)...........................................................................................
Unilateral current transfers, net (line 35)......................................................................................
Balance on current account (lines 1,18, and 35 or lines 74,75, and 76).....................................
-62,907
1,387
-61,520
-10,345
-606
-72,472
-77,985
1,731
-76,254
-11,168
-725
-88,147
-1,569
-76
-1,645
240
-592
-1,997
-817
-19,099
3,315
-15,784
-7,483
50
-23,217
-17,003
5,256
-11,746
-7,156
29
-18,874
-16,934
-18
-16,953
741
-2,057
-18,268
-19,469
310
-19,160
40
-2,093
- 21,212
-26,690
1,186
-25,503
2,198
-2,284
-25,589
-24,708
1,407
-23,301
1,932
-2,482
-23,852
66
6/
68
69
72
73
74
75
76
77
p Preliminary
r Revised
(*) Transactions are less than $500,000 (+/-)
1. Details not shown separately; see totals in lines 56 and 63.
0
0
-112
-10
86
-731
56
-758
-1,433
8,001
( 2)
(2)
(2)
-18
(2)
(2)
(2)
-640
(2)
-13,494
n.a.
1,429
218,829
0
(')
( 1)
63
( 1)
( 1)
-18,646
24
( 1)
-2,179
n.a.
( 1)
-16,557
2. Details not shown separately are included in line 69.
3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for
China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.
February 2009
D-63
S u r v e y o f C u r r e n t B u sin e ss
Table F.4. Private Services Transactions
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
2007
2007
I
1 Exports of private services..................................................
2 Travel (table F.2, line 6)........................................................
II
2007
2008
III
IV
I
I
II
2008
III
II r
III p
110,193
116,176
125,188
23,154
5,996
12,639
4,848
7,791
25,241
6,530
13,081
4,964
8,117
IV
I
II r
III »
128,423
129,163
134,324
138,633
26,499
7,259
13,790
5,264
8,526
27,060
7,623
14,632
5,499
9,133
28,053
7,687
15,791
5,598
10,193
29,468
8,462
15,820
5,752
10,068
479,980
108,560
115,171
128,718
127,532
126,156
133,123
142,924
96,712
25,586
51,586
19,596
31,990
19,658
5,529
11,873
4,412
7,461
24,387
5,848
12,575
4,895
7,680
29,159
24,152
7,077
14,277
5,370
8,907
29,112
7,732
15,673
5,655
10,018
33,662
13,018
4,951
8,067
23,508
7,340
14,120
5,338
8,782
15,939
5,745
10,194
21,818
5,800
12,076
4,520
7,556
Royalties and license fees (table F.2, line 9)........................
By type: 1
Industrial processes 2 .................................................
Other 3 ........................................................................
By affiliation:
U.S. parents’ receipts from their foreign affiliates.........
U.S. affiliates' receipts from their foreign parent groups
U.S. receipts from unaffiliated foreigners.....................
82,614
18,490
19,683
21,588
22,853
20,916
22,387
23,034
18,991
19,866
21,940
21,817
21,559
22,577
23,310
37,441
45,172
8,611
9,879
8,789
10,894
10,177
11,411
9,864
12,989
9,373
11,543
10,027
12,360
10,305
12,729
8,611
10,380
8,789
11,077
10,177
11,763
9,864
11,953
9,373
12,186
10,027
12,550
10,305
13,005
54,726
4,154
23,733
12,157
1,062
5,271
12,993
918
5,772
14,354
1,123
6,111
15,223
1,052
6,578
13,771
914
6,230
14,502
1,016
6,869
14,800
1,045
7,190
12,506
1,062
5,423
13,080
918
5,868
14,537
1,123
6,280
14,603
1,052
6,162
14,222
914
6,422
14,571
1,016
6,990
14,919
1,045
7,346
Other private services (table F.2, line 10)............................
By type: 1
Education....................................................................
Financial services.......................................................
Insurance services......................................................
Telecommunications....................................................
Business, professional, and technical services............
Other services 4 ..........................................................
By affiliation:
U.S. parents’ receipts from their foreign affiliates.........
U.S. affiliates’ receipts from their foreign parent groups
U.S. receipts from unaffiliated foreigners.....................
223,483
53,010
52,679
58,084
59,710
59,735
58,219
61,401
51,508
54,521
58,396
59,058
58,289
60,216
61,572
15,732
58,266
10,286
8,283
107,675
23,241
6,453
12,870
2,351
1,967
24,129
5,241
1,923
13,996
2,554
2,079
26,647
5,479
4,386
15,567
2,676
2,128
27,260
6,067
2,970
15,833
2,706
2,109
29,639
6,453
6,865
15,398
2,575
2,179
26,678
6,040
2,038
15,619
2,824
2,377
30,345
5,015
4,681
15,343
2,890
2,517
30,754
5,216
3,848
12,870
2,351
1,967
25,231
5,241
3,897
13,996
2,554
2,079
26,515
5,479
3,962
15,567
2,676
2,128
27,996
6,067
4,025
15,833
2,706
2,109
27,932
6,453
4,090
15,398
2,575
2,179
28,008
6,040
4,146
15,619
2,824
2,377
30,234
5,015
4,223
15,343
2,890
2,517
31,384
5,216
49,238
24,052
150,193
10,843
5,802
36,365
12,453
34,113
12,515
5,626
39,944
13,428
6,512
39,770
12,532
5,500
41,702
13,076
6,216
38,927
13,078
6,077
42,245
11,226
5,985
34,297
12,232
6,140
36,149
12,804
6,031
39,561
12,976
5,897
40,185
12,984
5,754
39,551
12,734
6,377
41,104
13,343
6,514
41,716
23 Imports of private services...................................................
341,126
77,695
87,298
90,532
85,602
84,751
95,249
97,653
82,367
84,292
87,087
87,380
90,059
91,863
94,086
21,916
7,841
17,476
11,848
5,628
17,024
6,899
17,101
11,304
5,797
17,410
7,277
17,192
11,061
6,131
23,084
8,721
18,773
11,649
7,123
22,907
8,704
19,276
11,836
7,440
18,538
6,721
16,022
11,059
4,963
18,849
6,979
16,767
11,547
5,220
19,247
7,422
17,119
11,656
5,463
19,533
7,364
17,142
11,314
5,828
20,403
7,928
17,869
11,484
6,385
20,292
8,033
18,563
11,525
7,038
20,168
8,245
18,838
11,632
7,206
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
Passenger fares (table F.2, line 7 ).......................................
Other transportation (table F.2, line 8) .................................
Freight.............................................................................
Port services...................................................................
6,112
6,868
8,888
24
25
26
27
28
Travel (table F.2, line 23)......................................................
Passenger fares (table F.2, line 24).....................................
Other transportation (table F.2, line 25)...............................
Freight.............................................................................
Port services...................................................................
76,167
28,486
67,050
45,576
21,474
15,837
6,158
15,570
10,798
4,772
21,390
7,588
16,903
11,626
5,277
29
Royalties and license fees (table F.2, line 26).......................
By type: 1
Industrial processes 2 .................................................
Other 3 ........................................................................
By affiliation:
U.S. parents’ payments to their foreign affiliates..........
U.S. affiliates' payments to their foreign parent groups
U.S. payments to unaffiliated foreigners.......................
25,048
6,386
6,011
6,004
6,646
6,428
6,352
7,503
6,643
6,260
6,155
5,991
6,663
6,626
7,727
18,093
6,955
4,694
1,691
4,405
1,607
4,348
1,656
4,646
2,001
4,676
1,753
4,633
1,719
4,806
2,697
4,887
1,756
4,590
1,669
4,460
1,694
4,156
1,836
4,854
1,809
4,845
1,782
4,979
2,748
2,233
17,420
5,396
553
4,499
1,334
528
4,168
1,315
636
4,017
1,351
515
4,736
1,396
546
4,459
1,423
574
4,338
1,439
595
4,534
2,373
553
4,756
1,334
528
4,416
1,315
636
4,167
1,351
515
4,081
1,396
546
4,693
1,423
574
4,613
1,439
595
4,759
2,373
Other private services (table F.2, line 27)............................
By type: 1
Education....................................................................
Financial services.......................................................
Insurance services......................................................
Telecommunications....................................................
Business, professional, and technical services............
Other services 4..........................................................
By affiliation:
U.S. parents’ payments to their foreign affiliates..........
U.S. affiliates’ payments to their foreign parent groups
U.S. payments to unaffiliated foreigners.......................
144,375
33,744
35,406
37,294
37,931
36,444
38,320
39,263
34,444
35,437
37,145
37,350
37,196
38,349
39,108
4,523
18,928
42,761
7,334
68,763
2,065
866
4,430
10,426
1,667
15,895
459
1,156
4,798
10,172
1,912
16,855
514
1,523
4,727
11,113
1,908
17,460
562
978
4,973
11,050
1,847
18,553
530
883
4,847
11,187
1,779
17,133
615
1,180
4,884
10,615
1,870
19,104
667
1,556
4,792
10,731
1,918
19,564
702
1,119
4,430
10,426
1,667
16,342
459
1,135
4,798
10,172
1,912
16,907
514
1,140
4,727
11,113
1,908
17,694
562
1,129
4,973
11,050
1,847
17,820
530
1,145
4,847
11,187
1,779
17,623
615
1,156
4,884
10,615
1,870
19,157
667
1,162
4,792
10,731
1,918
19,802
702
36,545
20,518
87,312
8,273
4,927
20,544
8,804
5,327
21,275
9,302
5,046
22,945
10,166
5,218
22,547
9,100
4,445
22,899
10,885
4,595
22,840
11,039
4,638
23,586
8,720
4,927
20,797
8,856
5,327
21,254
9,536
5,046
22,562
9,434
5,218
22,698
9,591
4,445
23,160
10,938
4,595
22,816
11,277
4,638
23,193
20,951
11,619
4,879
2,706
5,226
2,856
5,532
2,988
5,314
3,069
4,681
3,097
5,280
3,094
5,352
3,074
4,879
2,706
5,226
2,856
5,532
2,988
5,314
3,069
4,681
3,097
5,280
3,094
5,352
3,074
18,596
7,642
17,704
7,595
19,454
7,577
19,093
7,616
19,094
7,713
17,719
7,844
17,508
7,993
18,596
7,642
17,704
7,595
19,454
7,577
19,093
7,616
19,094
7,713
17,719
7,844
17,508
7,993
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
Supplemental detail on insurance transactions:
45 Premiums received 5...............................................................
46 Actual losses paid
47 Premiums paid 5
48 Actual losses recovered
74,848
30,430
Memoranda:
49 Balance on goods (table F.2, line 72)...................................... -819,373 -186,708 -202,296 -215,588 -214,780 -191,666 -214,988 -237,251 -203,363 -205,887 -201,204 -208,919 -211,032 -216,328 -214,710
50 Balance on private services (line 1 minus line 25)...................
138,854
45,271
39,104
30,865
27,873
38,186
41,405
37,874
27,825
31,884
38,101
41,043
42,460
44,546
41,930
51 Balance on goods and private services (lines 53 and 54)
-680,519 -155,843 -174,423 -177,402 -172,850 -150,261 -177,115 -191,980 -175,538 -174,004 -163,103 -167,876 -171,928 -173,868 -170,164
p Preliminary
r Revised
1. Royalties and license fees and “other private services” by detailed type of service include both affiliated and unaffil
iated transactions.
2. Includes royalties, license fees, and other fees associated with intangible assets, including patents, trade secrets,
and other proprietary rights, that are used in connection with the production of goods.
3. Includes royalties, license fees, and other fees associated with copyrights, trademarks, franchises, rights to broad
cast live events, software licensing fees, and other intellectual property rights.
4. Other services receipts (exports) include mainly film and television tape rentals and expenditures of foreign resi
dents temporarily working in the United States. Payments (imports) include mainly expenditures of U.S. residents tempo
rarily working abroad and film and television tape rentals.
5. These reflect the amount of premiums explicitly charged by, or paid to, insurers and reinsurers.
February 2009
D-64
G. Investment Tables
Table G.1. International Investment Position of the United States at Yearend, 2006 and 2007
[Millions of dollars]
Changes in position in 2007
Attributable to
Type of investmenl
Line
Position, 2006r
Position, 2007p
Valuation adjustments
Financial flows
(a)
Price changes
(b)
Exchange-rate
changes1
(c)
Other changes2
(d)
Total
(a+b+c+d)
Net international investment position of the United States (lines 2+3)..........................
Financial derivatives, net (line 5 less line 2 5 ) 3................................................................
Net international investment position, excluding financial derivatives (line 6 less line 26)..
-2,225,804
59,836
-2,285,640
-774,345
-6,496
-767,849
197.683
(4)
197.683
438.711
(4)
438.711
-78,074
430,189
-108,263
-216,025
23,693
-239,718
-2,441,829
83,529
-2,525,358
U.S.-owned assets abroad (lines 5+6)..........................................................................
Financial derivatives (gross positive fair value)............................................................
U.S.-owned assets abroad, excluding financial derivatives (lines 7+12+17).................
14,381,297
1,238,995
13,142,302
(3)
(3)
1,289,854
(3)
(3)
420,581
(3)
(3)
516,968
(3)
(3)
-14,332
3,258,657
1,045,586
2,213,071
17,639,954
2,284,581
15,355,373
U.S. official reserve assets...........................................................................................
Gold.....................
Special drawing rights
Reserve position in the International Monetary Fund..............................................
Foreign currencies........................................ ...........................................................
219,853
165,267
8,870
5,040
40,676
122
52,758
4,478
0
5 52,758
0
60
0
0
0
57,358
52,758
606
-796
4,790
277,211
218,025
9,476
4,244
45,466
U.S. government assets, other than official reserve assets.........................................
U.S. credits and other long-term assets 7 ................................................................
Repayable in dollars.............................................................................................
Other 8 .................................................................................................................
U.S. foreign currency holdings and U.S. short-term assets.......................................
72,189
71,635
71,362
273
554
22,273
-1,629
-1,629
9
9
9
22,282
-1,620
-1,620
U.S. private assets..............
Direct investment at current cost
Foreign securities............
Bonds..........................
Corporate stocks..................................................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns..........
U.S. claims reported by U.S. banks, not included elsewhere....................................
12,850,260
2,935,977
5,604,475
1,275,515
4,328,960
1,163,102
3,146,706
1,267,459
333,271
288,731
170,708
118,023
706
644,751
Foreign-owned assets in the United States (lines 25+26)...............................................
Financial derivatives (gross negative fair value)................................................................
Foreign-owned assets in the Unites States, excluding financial derivatives (lines 27+34).,
16,607,101
1,179,159
15,427,942
2,057,703
222,898
Foreign official assets in the United States.......................................................................
U.S. government securities...........................................................................................
U.S. Treasury securities..........
Other.......................................
Other U.S. government liabilities 9
U.S. liabilities reported by U.S. banks, not included elsewhere.....................................
Other foreign official assets.........
2,825,628
2,167,112
1,558,317
608,795
18,682
297,012
342,822
411,058
230,330
58,865
171,465
5,342
108,695
66,691
Other foreign assets........................
Direct investment at current cost..
U.S. Treasury securities..............
U.S. securities other than U.S. Treasury securities.......................................................
Corporate and other bonds.....
Corporate stocks.....................
U.S. currency................................................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns...........
U.S. liabilities reported by U.S. banks, not included elsewhere.....................................
12,602,314
2,151,616
567,885
5,372,361
2,824,879
2,547,482
282,627
797,495
3,430,330
1,646,645
237,542
156,825
573,850
391,440
182,410
-10,675
156,290
532,813
138,344
18,628
22,362
97,354
-5,867
103,221
Memoranda:
Direct investment abroad at market value.................................................................................
Direct investment in the United States at market value.............................................................
4,454,635
3,293,739
333,271
237,542
108,353
6,264
p Preliminary
r Revised
* Less than $500,000 (+/-)
....Not applicable
1. Represents gains or losses on foreign-currency-denominated assets and liabilities due to their revaluation at current
exchange rates.
2. Includes changes in coverage due to year-to-year changes in the composition of reporting panels, primarily for bank
and nonbank estimates, and to the incorporation of survey results. Also includes capital gains and losses of direct invest
ment affiliates and changes in positions that cannot be allocated to financial flows, price changes, or exchange-rate
changes.
3. Financial flows and valuation adjustments for financial derivatives are available only on a net basis, which is shown
on line 2; they are not separately available for gross positive fair values and gross negative fair values of financial deriva
tives. Consequently, columns (a) through (d) on lines 4,5, and 24,25 are not available.
4. Data are not separately available for the three types of valuation adjustments; therefore, the sum of all three types is
shown in column (d). Price changes result from changes in the value of derivatives contracts due to changes in the value
-
452
225
3,801
154
1,021
989
0
0
23,902
23,902
94,471
70,015
69,742
273
24,456
14,983,691
3,332,828
6,648,686
1,478,087
5.170.599
1,176,027
3,826,150
512,490
69,631
413,236
27,946
385,290
12,329
17,294
-14,341
-31,630
17,399
2,133,431
396,851
1,044,211
202,572
841,639
12,925
679,444
(3)
(3)
78,257
(3)
(3)
93,931
3,474,682
1,021,893
2,452,789
20,081,783
2,201,052
17,880,731
84,554
73,387
54,397
18,990
15,790
32,002
25,786
6,216
11,167
-16,212
511,402
335,719
139.048
196,671
5,342
108,695
61,646
3,337,030
2,502,831
1,697,365
805,466
24,024
405,707
404,468
14,543,701
2,422,796
734,776
6,132,438
3,299,325
2,833,113
271,952
959,544
4,022,195
5,147,952
3.523.600
367,823
25,579
342,244
3,918
338,326
0
0
0
-110
0
0
52.974
52.974
78,141
11,075
-12,296
35.899
35.899
6,895
14,453
-1,136
44,599
1,941,387
271,180
166,891
760,077
474,446
285,631
-10,675
162.049
591,865
267,198
-15,505
-13,945
693,317
229,861
78,257
3,935
0
0
of their underlying assets or reference rates, which may arise from movements in interest rates, stock prices, commodity
prices, or other variables. Exchange-rate changes result from the revaluation of foreign-currency-denominated derivatives
contracts at current exchange rates. “Other changes’ can result when data on investment positions that had accumulated
in prior periods are covered by a new or more complete survey.
5. Reflects changes in the value of the official gold stock due to fluctuations in the market price of gold.
6. Reflects changes in gold stock from U.S. Treasury sales of gold medallions and commemorative and bullion coins;
also reflects replenishment through open market purchases. These demonetizations/monetizations are not included in
international transactions financial flows.
7. Also includes paid-in capital subscriptions to international financial institutions and outstanding amounts of miscella
neous claims that have been settled through international agreements to be payable to the U.S. government over periods
in excess of 1 year. Excludes World War I debts that are not being serviced.
8. Includes indebtedness that the borrower may contractually, or at its option, repay with its currency, with a third
country’s currency, or by delivery of materials or transfer of services.
9. Primarily U.S. government liabilities associated with military sales contracts and other transactions arranged with or
through foreign official agencies.
February 2009
D-65
S u r v e y o f C u r r e n t B u sin e ss
Table G.2. U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 2004-2007
[Millions of dollars]
Direct investment position
on a historical-cost basis
2004
All countries, all industries...........................................
2,160,844
2005
2,241,656
2006
2,454,674
Capital outflows without current-cost
adjustment (inflows(-))
2007
2004
294,905
2,791,269
2005
15,369
Income without current-cost
adjustment 1
2006
2007
2004
2005
2006
2007
221,664
313,787
228,165
271,877
308,963
348,791
By country of foreign affiliate
Canada.....................................................................................
214,931
231,836
230,045
257,058
24,005
13,556
8,135
22,772
22,835
20,712
23,226
21,685
Europe......................................................................................
Of which:
France..............................................................................
Germany...........................................................................
Ireland..............................................................................
Netherlands......................................................................
Switzerland.......................................................................
United Kingdom................................................................
1,180,130
1,210,679
1,341,116
1,551,165
137,319
-29,035
131,430
197,254
114,349
136,038
156,299
176,881
63,359
79,467
72,907
219,384
121,790
330,416
60,526
100,473
55,173
240,205
100,692
351,513
62,003
96,243
71,065
280,514
115,216
375,348
68,454
107,351
87,023
370,160
127,709
398,836
6,988
9,073
8,781
31,455
12,235
42,359
-1,156
7,978
-15,041
-19,284
-8,545
6,269
5,249
5,361
17,587
40,832
11,234
15,252
4,730
8,291
14,572
73,324
11,916
31,181
5,172
6,488
14,227
30,132
14,494
16,258
4,475
6,875
17,082
33,888
15,341
22,836
6,577
8,405
17,757
38,360
13,435
27,176
6,414
9,944
19,386
41,770
16,950
29,635
Latin America and Other Western Hemisphere.........................
Of which:
Bermuda...........................................................................
Brazil................................................................................
Mexico..............................................................................
United Kingdom Islands, Caribbean.................................
351,709
379,582
427,397
471,953
32,418
74
40,638
33,718
38,419
48,049
57,752
66,689
100,856
29,485
63,384
82,159
113,222
30,882
73,687
83,164
134,613
33,090
83,219
90,060
148,633
41,552
91,663
90,803
4,365
2,644
8,435
10,131
- 1,000
1,400
9,596
-12,586
18,899
61
8,777
236
6,961
4,114
8,815
-961
10,086
2,624
7,102
7,322
14,482
5,666
9,363
10,264
16,785
8,324
11,370
11,439
Africa........................................................................................
20,356
22,756
25,074
27,764
1,611
2,564
2,873
2,003
4,256
11,547
3,554
8,634
9,239
5,282
6,040
6,030
Middle East...............................................................................
18,963
374,754
21,115
25,540
29,370
2,538
3,785
6,184
3,683
4,253
5,110
6,213
7,437
375,689
405,502
453,959
97,013
24,426
32,405
54,357
44,053
56,688
59,433
70,071
(D)
32,735
71,005
61,076
75,669
36,415
81,175
76,390
68,484
41,019
92,383
78,436
79,027
47,431
101,607
82,623
(D)
(D)
12,787
(D)
(D)
4,688
5,940
3,206
-79
4,133
10,115
2,772
9,296
5,392
15,586
6,141
5,227
4,822
9,527
8,619
6,269
5,056
10,803
15,809
7,355
6,049
8,715
14,738
7,905
8,502
8,313
18,315
Asia and Pacific........................................................................
Of which:
Australia............................................................................
Hong Kong........................................................................
Japan................................................................................
Singapore.........................................................................
By industry of foreign affiliate
Mining.......................................................................................
102,495
109,280
129,625
147,319
18,185
12,015
19,547
16,335
17,789
24,559
31,073
Manufacturing...........................................................................
Food.....................................................................................
Chemicals.............................................................................
Primary and fabricated metals..............................................
Machinery.............................................................................
Computers and electronic products......................................
Electrical equipment, appliances, and components..............
Transportation equipment.....................................................
Other manufacturing.............................................................
416,643
28,220
101,794
24,917
21,613
53,084
13,905
53,156
119,955
430,737
27,638
106,975
23,013
26,433
50,773
15,449
50,739
129,716
466,688
30,202
108,567
25,372
32,248
58,800
17,172
52,888
141,438
531,315
33,766
117,963
28,685
37,063
69,912
18,429
65,053
160,444
63,429
867
13,397
3,240
3,771
10,890
664
2,269
28,332
28,121
1,171
3,911
-703
2,077
3,607
1,662
-250
16,645
46,719
2,623
9,846
4,235
3,644
13,256
1,709
55,249
1,142
10,527
10,204
4,260
7,415
1,836
11,768
15,634
46,486
3,906
12,083
2,351
2,214
6,791
1,231
4,230
13,679
46,896
3,558
13,056
1,815
2,253
7,714
1,703
1,936
14,862
55,465
4,024
14,561
2,481
3,182
10,003
1,791
3,911
15,514
31,585
65,127
4,210
16,580
3,203
5,334
9,926
1,516
5,370
18,989
Wholesale trade........................................................................
122,719
132,915
158,090
183,038
19,002
12,517
20,124
26,385
23,389
24,494
28,108
30,238
Information................................................................................
56,698
102,848
93,355
111,866
-357
2,831
-4,773
19,120
9,261
10,832
10,728
13,376
Depository institutions (banking)..............................................
61,948
66,707
70,205
91,768
-2,329
-4,751
-3,395
17,755
1,301
164
-509
420
Finance (except depository institutions) and insurance.............
435,256
463,981
497,266
531,933
51,201
13,079
23,295
35,324
27,477
27,911
32,520
40,137
1,201
2,668
Professional, scientific, and technical services..........................
53,964
57,164
69,118
63,791
12,380
-2,055
10,167
10,256
6,805
9,272
10,191
8,367
Holding companies (nonbank)..................................................
760,656
710,386
794,586
927,578
117,214
-66,351
96,794
115,260
79,844
109,566
122,785
136,875
Other industries........................................................................
150,466
167,640
175,741
202,661
16,180
19,964
13,187
18,103
15,813
18,184
18,601
22,666
D Suppressed to avoid disclosure of data of individual companies.
1. For 2004 and 2005, income without current-cost adjustment is presented net, or after the deduction, of U .S .
and foreign withholding taxes. For 2006 and 2007, it is presented gross, or before the deduction, of U .S . and
foreign withholding taxes.
N o t e . The data in this table are from tables 15 and 16 in “U.S. Direct Investment Abroad Tables” in the
September 2008 S u r v e y o f C u r r e n t B u s in e s s .
D-66
International Data
February 2009
Table G.3. Selected Financial and Operating Data of Nonbank Foreign Affiliates of U.S. Companies by Country and by Industry of Affiliate, 2006
Majority-owned nonbank foreign affiliates
All nonbank foreign affiliates
Millions of dollars
Total
assets
All countries, all industries..............
By country of affiliate
Canada...........................................................
Europe............................................................
Of which:
France....................................................
Germany.................................................
Netherlands.............................................
United Kingdom.......................................
Latin America and Other Western Hemisphere
Of which:
Brazil......................................................
Mexico....................................................
Africa..............................................................
Middle East.....................................................
Asia and Pacific...............................................
Of which:
Australia...................................................
China..
India....
Japan..
By industry of affiliate
Mining.............................................................
Utilities............................................................
Manufacturing.................................................
Of which:
Food.......................................................
Chemicals................................................
Primary and fabricated metals.................
Machinery................................................
Computers and electronic products.........
Electrical equipment, appliances, and
components.........................................
Transportation equipment........................
Wholesale trade...............................................
Information......................................................
Finance (except depository institutions) and
insurance....................................................
Professional, scientific, and technical services.
Other industries...............................................
Net
income
Sales
Millions of dollars
U.S.
exports of
goods
shipped to
affiliates
U.S.
imports of
goods
shipped by
affiliates
Thousands
of
employees
Sales
Net
income
Value
added
U.S.
exports of
goods
shipped to
affiliates
U.S.
imports of
goods
shipped by
affiliates
Thousands
of
employees
11,539,657
4,731,350
705,766
234,558
302,173
10,935.4
10,756,346
4,123,547
644,290
995,638
226,261
280,348
9,497.8
804,274
7,180,683
518,822
2,381,964
50,410
388,077
74,286
55,653
(D)
64,008
1,100.0
4,502.4
784,732
6,819,419
499,579
2,140,026
48,933
363,746
114,247
540,683
72,776
54,066
96,656
62,927
1,081.9
4,082.6
293,556
504,223
996,367
2,832,181
1,580,460
198,406
327,394
227,673
584,486
554,644
9,566
17,364
89,751
52,822
127,735
(D)
5,220
5,965
13,655
51,050
651.3
649.2
225.9
1,299.2
2,205.0
275,992
456,294
953,604
2,778,740
1,421,498
186,270
286,134
166,379
555,092
476,244
8,260
14,382
86,361
50,002
115,665
50,013
85,285
26,610
154,818
105,370
4,544
7,004
8,190
13,583
48,725
5,056
5,801
4,520
11,855
61,365
590.5
592.1
213.0
1,191.3
1,847.8
122,118
175,810
135,947
127,153
1,711,140
112,657
181,710
83,185
81,485
1,111,249
6,059
11,377
16,712
17,697
105,135
4,162
38,367
1,518
1,071
50,981
452.2
1,091.7
186.8
103.1
2,838.1
110,822
144,342
127,916
71,845
1,530,935
106,130
148,406
77,908
32,907
896,883
5,420
8,639
15,700
6,902
93,344
24,900
28,353
38,569
13,450
183,319
3,929
36,468
1,405
824
48,465
2,494
45,254
3,723
2,139
53,538
429.5
889.8
158.5
217,737
93,101
31,566
618,763
119,538
111,869
24,022
296,800
15,059
9,785
1,787
14,187
4,718
312.2
696.3
238.0
590.6
205,166
82,712
25,438
540,648
99,106
93,570
20,364
188,014
14,338
8,515
1,510
10,181
39,040
18,413
5,294
39,380
4,659
3,402
565
11,372
2,281
5,241
436
1,450
277.2
588.7
518,141
100,685
1,851,232
243,164
60,717
1,722
17,973
(D)
(D)
155,023
230,544
129,703
11,168
455,497
(D)
135,406
48,779
1,914
112,900
(D)
2,167,695
198,321
45,247
1,865,257
16,399
(D)
438,168
79,771
1,603,501
1,716
(D)
191.3
50.2
5,203.8
148,440
210,508
167.7
46.1
4,536.3
122,497
460,276
83,141
114,078
227,455
144,181
392,385
71,544
125,258
292,726
8,661
37,078
5,485
8,288
20,280
4,220
23,874
3,981
9,607
26,087
5,412
19,397
6,142
13,575
44,423
456.1
655.6
246.5
429.4
725.9
112,218
410,440
79,723
100,386
212,567
131,344
352,792
67,302
106,814
286,162
7,848
30,464
5,328
7,481
20,182
28,294
86,228
18,881
27,744
47,276
4,038
23,180
3,931
9,046
25,934
5,254
17,393
6,056
12,088
43,832
402.7
579.9
237.7
369.5
691.6
54,711
281,014
642,208
329,031
49,084
450,796
1,072,348
213,634
2,365
6,396
50,330
21,561
3,238
62,704
63,116
(D)
(D)
289.9
1,049.5
792.7
454.3
50,460
251,565
619,652
208,416
43,656
393,166
1,039,785
132,558
2,203
4,084
48,672
9,606
12,115
62,687
142,512
40,607
3,219
59,829
61,903
541
5,707
83,960
49,138
155
249.7
953.4
763.0
331.2
4,334,378
232,093
3,531,889
328,316
141,356
62,971
18,194
4,239,579
228,874
3,338,384
304,205
138,004
400,170
60,135
18,137
344,147
38,043
57,745
120,364
28
(D)
337.6
603.6
3,301.8
3,952
(D)
292.6
585.5
2,775.5
7,047
(D)
(D)
(D)
66,028
(D)
48,127
(D)
2,555
61,703
(D)
2,283
5,789
590
12,095
7,548
(D)
(D)
3,957
10,057
(D)
49,346
155
28
(D)
(D)
D Suppressed to avoid disclosure of data of individual companies.
N o t e . The data in this table are from “U.S. Multinational Companies: Operations in 2006" in the November 2008 S urvey o f C u rrent B usiness .
Total
assets
(D)
(D)
(D)
(D)
68.2
2,258.9
210.6
278.0
February 2009
D-67
S u r v e y o f C u r r e n t B u sin e ss
Table G.4. Foreign Direct Investment in the United States: Selected Items, by Country of Foreign Parent and by Industry of U.S. Affiliate, 2004-2007
[Millions of dollars]
Direct investment position
on a historical-cost basis
All countries, all industries...............................................................
Capital inflows without current-cost
adjustment (outflows (-))
2004
2005
2006
2007
1,520,316
1,634,121
1,843,885
2,093,049
Income without current-cost
adjustment1
2004
2005
2006
2007
135,826
104,773
236,701
232,839
2004
87,890
2005
2006
2007
110,324
139,137
129,711
By country of foreign parent
Canada.........................................................................................................
125,276
165,667
175,198
213,224
33,164
14,868
18,079
36,927
6,607
6,075
15,211
13,506
Europe..........................................................................................................
Of which:
France..................................................................................................
Germany
Luxembourg
Netherlands
Switzerland
United Kingdom....................................................................................
1,078,782
1,154,048
1,324,355
1,482,978
80,730
77,896
181,384
144,853
61,377
80,684
91,278
82,019
137,927
164,921
116,479
159,601
122,165
267,209
114,260
177,176
79,680
156,602
133,387
371,350
147,046
204,708
103,944
173,265
134,193
406,337
168,576
202,648
134,310
209,449
155,696
410,787
10,706
7,079
7,301
8,191
12,571
28,137
10,053
4,235
-1,871
6,551
36,132
26,951
40,419
23,558
23,102
1,453
33,194
21,764
-5,316
42,091
24,659
-2,279
13,034
8,401
7,557
1,188
12,553
7,023
18,641
11,218
6,053
2,462
15,743
4,462
33,274
11,925
11,058
3,318
21,467
3,689
27,764
11,559
5,779
4,587
19,763
8,409
18,848
Latin America and Other Western Hemisphere............................................
Of which:
Bermuda...............................................................................................
Mexico..................................................................................................
Panama...............................................................................................
United Kingdom Islands, Caribbean.....................................................
Venezuela.............................................................................................
76,268
57,175
62,685
62,955
-2,945
-3,169
9,844
-575
2,988
4,359
6,470
6,672
6,626
7,592
10,408
21,702
5,009
2,147
3,595
10,983
23,063
5,292
8,367
5,332
12,182
24,790
5,391
-519
5,954
12,903
32,807
6,059
-597
-629
1,403
-3,936
624
-5,380
-19
895
-42
308
6,517
-373
17
^1
1,659
2,355
-1,350
-10,077
63
1,281
7,559
547
833
1,274
1,589
Africa...........................................................................................................
1,859
2,341
1,814
1,124
-605
323
Middle East..................................................................................................
7,899
8,306
9,342
12,937
713
Asia and Pacific...........................................................................................
Of which:
Australia...............................................................................................
Japan...................................................................................................
230,231
246,585
270,490
319,832
40,107
174,490
36,392
189,851
39,730
204,833
49,100
233,148
475,214
17,774
140,338
20,351
44,802
29,186
499,851
45,217
123,784
27,164
46,433
31,298
11,037
74,485
140,434
581,101
49,159
148,595
34,543
40,472
44,430
26,428
69,289
168,184
By industry of U.S. affiliate
Manufacturing..............................................................................................
Food........................................................................................................
Chemicals................................................................................................
Primary and fabricated metals..................................................................
Machinery................................................................................................
Computers and electronic products..........................................................
Electrical equipment, appliances, and components.................................
Transportation equipment.........................................................................
Other manufacturing.................................................................................
Wholesale trade...........................................................................................
10,668
67,975
144,121
12,101
^0
(D)
(D)
409
730
1,815
1,404
818
250
-675
177
204
207
25
1,799
2,308
3,149
488
592
1,232
563
24,769
13,056
24,837
49,161
16,253
18,410
24,739
26,926
3,099
17,489
-5,253
14,200
2,825
15,668
9,274
28,775
2,446
12,774
3,919
12,715
5,900
17,351
7,447
17,175
709,545
25,891
217,662
48,475
76,439
69,476
21,530
65,325
184,747
21,005
2,193
11,874
1,976
492
-2,689
93,911
5,300
31,200
8,599
9,579
15,735
4,029
-3,462
22,931
108,113
1,605
38,939
12,348
18,658
12,994
7,045
-65
16,588
34,375
677
9,067
2,780
2,904
4,233
55,530
2,953
16,678
7,809
7,325
8,009
819
6,271
5,665
160
610
4,786
15,184
46,215
3,370
13,798
3,532
2,162
2,260
956
4,209
15,928
54,349
4,008
15,366
5,260
1,815
2,443
1,959
3,594
19,905
60,890
2,658
25,879
4,539
2,398
2,901
1,363
1,775
19,377
22
1,886
(D)
197
1,110
(D)
1,173
958
(D)
218,443
26,554
235,508
256,873
278,353
26,613
19,905
20,443
28,314
24,517
26,188
26,214
23,773
Retail trade..................................................................................................
30,934
32,421
41,591
579
53
3,017
2,043
1,381
2,534
2,889
Information...................................................................................................
144,982
102,584
135,119
146,428
15,487
-11,929
27,930
-30
12,224
4,608
2,781
6,103
7,664
Depository institutions (banking)..................................................................
122,674
130,184
147,992
141,033
17,902
9,355
15,295
-9,913
4,374
8,243
-6,351
Finance (except depository institutions) and insurance.................................
199,417
214,623
258,657
263,993
31,602
3,925
37,761
5,197
4,698
6,249
4,281
7,464
12,762
Real estate and rental and leasing...............................................................
36,987
37,341
44,122
55,277
2,580
1,119
3,204
11,165
1,879
2,444
3,024
2,134
Professional, scientific, and technical services.............................................
44,207
51,546
54,432
62,956
5,850
7,757
6,469
7,650
1,223
1,291
2,600
2,731
Other industries...........................................................................................
251,836
331,549
333,168
393,873
14,208
19,057
28,672
70,118
8,298
21,369
28,607
23,220
D Suppressed to avoid disclosure of data of individual companies.
1. For 2004 and 2005, income without current-cost adjustment is presented net, or after the deduction, of U.S.
and foreign withholding taxes. For 2006 and 2007, income is presented gross, or before the deduction, of U.S.
and foreign withholding taxes.
N o t e . The data in this table are from tables 15 and 16 in “Foreign Direct Investment in the United States Tables”
in the September 2008 S u r v e y o f C u r r e n t B u s in e s s .
February 2009
International Data
D-68
Table G.5. Selected Financial and Operating Data of Nonbank U.S. Affiliates of Foreign Companies
by Country of Ultimate Beneficial Owner and by Industry of Affiliate, 2006
Majority-owned nonbank affiliates
All nonbank affiliates
Millions of dollars
Total
assets
All countries, all industries.............................................................
Sales
7,908,487 3,083,440
Millions of dollars
Net
income
Thousands
U.S.
U.S.
of
exports of imports of
employees
goods
goods
shipped by shipped to
affiliates
affiliates
176,329
5,800.6
204,880
Millions of dollars
Total
assets
Sales
493,835 6,807,654 2,795,143
Millions of dollars
Net
income
Value
added
134,257
614,685
Thousands
U.S.
U.S.
of
exports of imports of
employees
goods
goods
shipped by shipped to
affiliates
affiliates
5,330.5
195,292
482,363
By country of ultimate beneficial owner
Canada.......................................................................................................
Europe........................................................................................................
Of which:
France................................................................................................
Germany.............................................................................................
Netherlands..
Sweden.......
SwitzerlandUnited Kingdom
209,462
15,925
519.4
9,249
5,281,330 1,809,158
654,057
107,395
3,787.3
112,565
235,721
380,546
335,107
23,886
9,139
18,631
13,166
815,169
675,495
767,542
31,687
1,427,268
1,282,694
(D)
(D)
184,227
455,815
7,765
40,552
527.2
684.0
472.3
180.1
438.7
995.5
(D)
(D)
5,112
(D)
(D)
196,051
13,844
56,738
457.4
9,052
19,242
203,944 5,053,338 1,686,212
87,276
392,437
3,590.6
107,843
201,406
18,772
8,529
14,568
58,937
67,918
45,784
11,206
50,113
120,265
496.6
664.4
445.2
179.4
416.1
908.8
12,439
42,869
14,586
5,110
6,949
16,395
18,736
68,306
33,440
7,582
16,575
34,344
19,398
610,167
19,487
776,525
68,587
667,703
33,500
724,446
7,582
31,486
16,719 1,404,231
(D) 1,174,039
206,940
371,499
314,751
43,329
176,844
403,060
7,715
30,443
1,220
Latin America and Other Western Hemisphere..........................................
Of which:
Bermuda.............................................................................................
Mexico................................................................................................
United Kingdom Islands-Caribbean...................................................
Venezuela...........................................................................................
(D)
207,073
9,750
418.6
(D)
(D)
319,028
189,396
8,972
50,030
358.3
13,265
(D)
(D)
(D)
(D)
(D)
74,798
33,046
4,056
438
73,219
24,881
16,062
3,968
390
1,059
25,438
5,914
4,484
4,542
4,575
(D)
(D)
(D)
193.8
58.8
28.8
H
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
M
M
29.4
5.1
(D)
(D)
(D)
Middle East.................................................................................................
65,992
68,611
3,282
163
4,679
1,762
195,986
18,657
73,248
(D)
(D)
(D)
8.5
501
681
4,494
7,488
153
1,086
80.1
747
(D)
62,058
66,124
2,893
12,729
970
163
(D)
(D)
(D)
8.5
501
681
72.7
744
(D)
Asia and Pacific..........................................................................................
Of which:
Australia..............................................................................................
Japan..................................................................................................
Korea, Republic o f..............................................................................
775,996
678,747
23,345
863.7
65,693
210,568
726,656
625,274
19,708
93,625
788.1
61,292
203,783
101,296
612,110
22,652
32,634
544,994
5,526
16,329
1,088
53,115
(D)
(D)
(D)
62.0
691.4
19.7
(D)
164,881
(D)
94,484
580,259
22,052
28,259
504,876
50,961
5,310
13,261
471
7,992
75,800
2,785
59.1
631.0
18.7
994
49,789
8,791
1,755
159,412
34,810
United States..............................................................................................
768,528
(D)
(D)
122.9
(D)
4,489
31,914
24,597
1,411
8,041
54.9
2,595
4,477
1,312,819 1,183,649
182,721 1,224,595 1,100,669
By industry of U.S. affiliate
44,217
266,893
2,057.8
108,554
173,867
4,854
11,028
5,050
2,123
1,062
1,104
2,173
15,466
58,953
19,298
13,667
20,198
13,563
37,461
128.7
287.8
157.4
138.8
168.7
146.5
420.3
6,634
19,481
5,469
7,932
3,068
33,617
7,216
8,018
(D)
(D)
51,361
274,463
64,589
212,418
77,981
53,512
63,940
49,111
246,663
6,339
36,033
6,148
59,277
297,638
562,140
863,364
28,790
106,868
618.7
78,029
295,190
(D)
69,449
146,128
1,301
31,822
564.0
578
5,711
(D)
207,114
81,894
3,888
33,360
223.5
972
235
1,884
1,359
14,657
8,300
106.6
47.2
455
4
185
5
18,155
40,914
215.1
(D)
(D)
(D)
541
50,798
2,166.0
116,512
292,115
75,879
80,439
94,651
51,490
278,926
66,931
230,049
90,080
56,597
68,781
49,245
258,875
4,968
13,439
5,954
2,217
1,048
1,095
2,418
131.9
312.6
166.7
142.8
176.5
147.0
434.7
6,687
22,829
5,939
8,039
11,316
6,352
36,412
3,076
34,577
8,008
9,044
14,242
6,169
61,919
85,474
266,995
68,842
79,033
Wholesale trade..........................................................................................
570,518
884,850
31,282
632.3
79,080
Retail trade.................................................................................................
75,062
157,497
1,566
632.5
578
Information..................................................................................................
Of which:
Publishing industries..........................................................................
Telecommunications...........................................................................
380,311
145,393
14,572
333.7
1,307
(D)
(D)
35,861
2,628
(D)
122.5
M
(D)
(D)
185
(D)
(D)
67,757
82,003
31,239
26,966
Finance (except depository institutions) and insurance...............................
4,716,284
(D)
(D)
285.6
(D)
(D)
3,957,790
257,764
Manufacturing.............................................................................................
Of which:
Food...................................................................................................
Chemicals...........................................................................................
Primary and fabricated metals...........................................................
Machinery...........................................................................................
Computers and electronic products....................................................
Electrical equipment, appliances, and components............................
Transportation equipment...................................................................
86,668
(D)
Real estate and rental and leasing.............................................................
134,536
38,108
7,582
47.6
(D)
541
115,945
34,883
6,459
15,955
46.0
Professional, scientific, and technical services...........................................
108,739
65,803
708
219.2
(D)
(D)
101,387
61,360
722
22,531
202.4
(D)
(D)
Other industries..........................................................................................
610,218
(D)
(D)
1,483.8
6,626
6,554
569,234
249,082
30,724
96,342
1,402.9
6,382
6,547
D S u p p re s s e d
to a v o id d is c lo s u r e o f d a ta o f in d iv id u a l c o m p a n ie s .
N otes . T h e d a ta in th is ta b le a r e fr o m
c o m p a n ie s ; s e e
“U.S. A f filia te s
BEA’s
a n n u a l s u r v e y o f th e o p e r a tio n s o f
o f F o r e ig n C o m p a n ie s : O p e r a tio n s in
B u s in e s s .
2006”
U.S. a f filia te s o f fo re ig n
2008 S urvey o f C urrent
in th e A u g u s t
T h e fo llo w in g r a n g e s a r e g iv e n in e m p lo y m e n t c e lls th a t a r e s u p p r e s s e d : A—1 to 499; F—500 to 999;
G— 1,000 to 2,499; H—2,500 to 4,999; 1—5,000 to 9,999; J— 10,000 t o 24,999; K—25,000 t o 49,999; L—50,000
to
99,999; M—100,000 o r m o re .
D-69
February 2009
H. Charts
THE U.S. IN THE INTERNATIONAL ECONOMY
COMPONENTS OF CURRENT ACCOUNT BALANCE
BALANCE ON CURRENT ACCOUNT
Services.//
Income,
Unilateral transfers
Goods
EXPORTS AND IMPORTS OF GOODS AND SERVICES
CAPITAL FLOWS ON U.S. DIRECT
INVESTMENT ABROAD (OUTWARD)
AND FOREIGN DIRECT INVESTMENT
IN THE UNITED STATES (INWARD)
Outward
Billion $
Billion $
300
22,000
NET INTERNATIONAL INVESTMENT POSITION
SECURITIES TRANSACTIONS
20,000- VALUED AT CURRENT COST
18,000 —
Net foreign purchases of U.S. securities
Foreign assets in the United States
U.S. assets abroad
Net U.S. purchases of foreign securities
-100
I
86
I
I
88
I
I
I
90
U.S. Bureau of Economic Analysis
I
92
I
94
I
I
I
96
I
98
I
I
I
00
I
I
02
I
04
I
I
06
Net investment position
-4 ,0 0 0
I
08
i i
86
88
i
i
90
i i
92
i
i
94
i
r
96
i
n
98
i
i
00
i
i
02
i
i
04
i
i
06
r
08
D-70
February 2009
Regional Data
I. State and Regional Tables
The tables in this section include the most recent estimates of state personal income and gross domestic product by
state. The sources of these estimates are noted.
The quarterly and annual estimates of state personal income and the estimates of gross domestic product by state
are available online at www.bea.gov. For information on state personal income, e-mail reis@bea.gov; write to the
Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Commerce,
Washington, DC 20230; or call 202-606-5360. For information on gross domestic product by state, e-mail
gdpbystate@bea.gov; write to the Regional Product Division, BE-61, Bureau of Economic Analysis, U.S. Department
of Commerce, Washington, DC 20230; or call 202-606-5340.
Table 1.1. Personal Income by State and Region
[Millions of dollars, seasonally adjusted at annual rates]
2004
2005
2006
2007
Percent
change1
2008
Area
IV
I
II
III
IV
I
II
III
IV
I
II
III
IV
lr
IIr
HIP
10,013,509 10,032,018 10,170,092 10,268,993 10,540,294 10,761,825 10,898,010 11,041,447 11,207,967 11,441,897 11,545,164 11,699,803 11,839,420 11,933,709 12,125,277 12,131,245
579,617
586,406
598,099
622,914
630,240
636,449
668,297
607,945
648,315
664,200
677,233
686,529
691,988
698,265
701,493
583,516
164,622
162,391
164,945
168,503
172,474
176,942
178,406
180,573
189,817
190,820
194,193
197,407
183,751
195,448
196,044
198,333
40,582
39,781
40,127
42,280
42,720
42,974
44,506
44,946
46,664
40,511
41,099
41,668
44,155
45,335
45,961
46,753
272,658
298,742
305,029
313,600
272,128
275,266
281,425
285,586
292,743
296,768
311,792
318,065
324,360
327,142
330,318
332,341
47,666
49,112
51,432
52,094
53,804
53,674
54,548
54,632
48,353
48,323
49,593
51,084
55,280
56,360
56,549
55,913
37,223
37,632
39,753
40,382
37,558
38,091
38,559
38,897
40,613
41,895
41,699
41,981
42,459
43,385
43,030
43,323
20,457
21,937
22,144
23,124
19,898
20,113
20,634
21,601
22,867
23,416
23,648
23,897
24,131
24,194
20,273
21,580
Mideast................. 1,847,325 1,847,305 1,869,246 1,905,309 1,940,602 1,979,815 2,006,629 2,028,576 2,066,288 2,119,288 2,121,774 2,151,449 2,178,120 2,203,556 2,224,062 2,230,974
Delaware...........
30,020
30,290
30,813
33,113
33,533
33,312
34,519
34,841
34,947
30,436
32,213
32,796
34,255
35,392
35,743
35,793
District of
Columbia.......
31,088
31,627
32,234
33,676
34,151
34,497
35,410
35,716
36,545
30,135
32,549
33,260
36,806
37,359
37,738
37,996
Maryland............
227,601
242,189
244,844
258,002
261,106
225,630
230,910
234,869
238,343
248,051
251,085
263,151
266,027
268,279
272,179
273,199
New Jersey........
373,057
403,356
405,653
425,063
440,552
371,430
369,446
379,883
384,916
397,395
412,538
423,373
428,439
433,820
439,956
442,150
New York............
764,467
767,135
776,902
795,381
826,761
838,810
849,228
870,988
893,264
887,029
904,449
935,060
815,161
917,303
928,865
937,678
437,419
447,414
452,829
478,341
502,791
425,227
422,014
426,460
432,130
Pennsylvania.....
457,961
463,869
474,983
484,023
489,216
493,705
504,158
Great Lakes.......... 1,513,450 1,500,668 1,514,629 1,532,237 1,546,101 1,570,304 1,587,927 1,603,345 1,617,486 1,662,578 1,669,877 1,687,081 1,703,989 1,714,583 1,741,741 1,741,641
521,232
Illinois................
459,371
471,887
481,939
487,643
492,734
499,485
528,006
547,789
456,790
454,318
466,891
517,209
537,231
539,072
548,473
Indiana...............
192,392
200,419
202,754
209,038
215,391
218,505
190,708
187,854
190,183
194,119
198,722
204,425
207,896
211,225
213,276
218,000
Michigan............
324,512
328,962
332,366
334,168
335,119
344,263
347,461
355,579
355,841
325,666
322,130
326,278
328,240
343,925
347,893
350,160
Ohio...................
360,582
368,214
376,867
382,967
392,984
393,662
399,464
402,791
361,190
357,972
364,038
371,902
380,466
396,729
409,583
408,858
188,779
200,564
201,682
Wisconsin..........
179,097
179,981
182,639
183,640
190,633
193,223
195,490
203,660
206,126
207,169
210,285
210,470
178,393
2008:ll2008:lll
United States
0.0
New England........
Connecticut.......
Maine.................
Massachusetts...
New Hampshire
Rhode Island.....
Vermont.............
0.5
0.5
Plains....................
Iowa...................
Kansas ..............
Minnesota..........
Missouri.............
Nebraska...........
North Dakota.....
South Dakota.....
1,067,424
175,605
52,115
103,876
735,828
1,085,659
180,328
53,035
105,512
746,785
1,113,460
185,642
53,851
107,583
766,384
1,137,939
188,683
54,505
110,007
784,743
1,164,943
194,707
55,726
114,686
799,824
1,183,408
197,368
56,401
115,890
813,748
1,204,556
201,332
57,249
117,773
828,201
1,226,449
204,512
58,071
119,082
844,784
1,251,682
205,894
59,096
123,076
863,617
1,269,327
207,005
59,738
125,081
877,502
1,289,223
210,081
60,839
127,527
890,776
1,308,620
211,199
61,476
129,435
906,509
1,327,754
212,953
62,509
131,124
921,167
1,357,883
215,533
64,073
135,016
943,262
1,358,839
214,789
63,933
135,225
944,892
0.1
-0.3
- 0.2
Rocky Mountain ...
Colorado............
Idaho.................
Montana............
Utah...................
Wyoming............
318,608
168,584
39,362
26,656
65,634
18,372
324,157
171,305
39,716
26,812
67,451
18,873
329,562
173,811
40,424
27,223
68,828
19,276
336,598
177,050
41,234
27,815
70,604
19,895
342,056
179,296
42,037
28,235
72,093
20,396
351,417
185,227
43,075
28,645
73,352
21,119
355,818
186,020
44,122
28,986
74,771
21,919
363,262
190,057
44,528
29,648
76,300
22,730
368,584
191,551
45,830
30,138
77,899
23,165
373,970
194,703
46,704
31,117
77,646
23,800
379,795
197,395
47,176
31,461
79,387
24,375
385,398
200,794
47,739
31,990
80,122
24,753
392,394
204,766
48,525
32,426
81,233
25,444
395,002
206,383
48,277
32,691
81,657
25,995
400,623
208,774
49,095
33,253
83,150
26,350
401,576
209,969
48,952
33,244
82,701
26,711
0.2
Far West................
Alaska................
California...........
Hawaii................
Nevada..............
Oregon..............
Washington
1,806,279
23,015
1,302,488
42,346
84,313
112,080
242,037
1,792,878
23,601
1,306,682
43,196
86,925
111,668
220,806
1,893,469 1,947,255
24,692
25,274
1,380,012 1,420,391
45,176
46,255
92,584
93,721
116,890
121,283
234,115
240,331
690,090
97,344
95,642
201,081
190,146
59,752
20,562
25,563
0.1
0.1
- 0.2
0.1
1,043,117
170,893
51,298
103,173
717,753
1,821,233 1,860,654
23,859
24,340
1,326,949 1,357,686
43,787
44,288
89,666
90,915
113,344
115,669
227,757
223,628
684,285
96,450
94,282
199,521
188,863
59,613
20,445
25,111
0.0
- 0.2
Southwest............
Arizona..............
New Mexico.......
Oklahoma..........
Texas .................
25,317
676,101
95,560
92,984
197,040
186,749
58,811
20,050
24,908
0.1
0.7
0.4
0.4
0.3
0.3
2,252,177 2,276,751 2,313,100 2,262,851 2,406,190 2,449,076 2,482,445 2,517,026
130,174
132,886
133,373
138,452
140,779
142,872
130,753
137,943
73,279
74,347
73,277
75,143
76,669
78,027
79,258
80,359
588,191
607,067
621,679
663,229
674,619
594,560
634,328
652,955
298,512
281,028
286,092
292,928
295,053
302,435
272,528
276,815
114,641
116,384
123,344
114,697
117,746
118,869
121,917
124,708
138,174
128,878
46,335
140,436
125,500
127,493
140,550
136,176
77,968
78,768
71,335
73,539
68,553
78,560
77,248
72,495
258,794
279,324
282,649
287,342
262,932
266,445
270,551
274,245
123,077
127,364
130,702
116,927
119,238
121,111
128,940
117,453
185,424
194,554
178,717
182,056
187,828
190,955
196,136
179,670
283,937
302,059
289,075
292,843
304,828
307,908
275,290
279,906
47,295
47,770
48,349
50,209
50,739
46,746
46,753
49,545
20,200
665,992
94,729
89,713
193,129
183,947
58,637
20,405
25,431
0.3
Southeast.............
Alabama............
Arkansas ...........
Florida...............
Georgia..............
Kentucky............
Louisiana...........
Mississippi.........
North Carolina....
South Carolina....
Tennessee.........
Virginia..............
West Virginia.....
643,219
91,312
86,283
187,912
177,107
56,304
19,639
24,662
659,783
94,063
88,982
191,605
181,618
57,999
0.3
- 0.1
0.3
728,701
738,141
769,750
701,676
718,886
748,598
758,572
103,087
99,255
101,523
104,915
106,368
107,921
109,718
98,034
100,869
101,404
106,605
99,456
103,376
104,628
203,360
208,947
212,145
214,030
216,643
220,671
221,591
198,204
192,545
196,440
200,891
203,558
209,205
205,288
63,760
64,844
67,331
61,323
62,543
65,735
66,036
22,592
21,056
22,338
23,291
25,182
23,781
24,386
26,103
27,639
28,043
28,766
29,137
30,118
29,642
2,553,097 2,597,089 2,627,405 2,659,895 2,683,231 2,699,866 2,756,824
144,460
147,571
149,020
150,854
152,350
154,021
158,611
84,260
81,678
83,153
85,431
88,466
87,407
90,015
694,417
683,248
705,336
721,956
708,060
711,068
689,443
320,704
332,637
307,563
315,471
317,353
322,273
325,893
130,274
126,321
128,776
130,851
132,435
133,754
137,125
143,066
154,686
155,783
161,296
146,435
157,375
157,035
83,424
84,571
88,444
79,803
80,601
84,462
85,022
302,806
306,303
310,249
319,800
292,566
300,735
312,139
135,879
143,814
132,460
134,432
137,761
139,334
140,370
204,118
209,567
199,189
202,023
206,166
210,786
214,491
311,425
316,107
318,455
322,806
324,723
332,738
327,813
52,714
55,896
51,319
53,328
52,343
53,936
54,559
649,038
93,261
86,772
189,495
178,742
56,979
19,292
24,498
650,257
92,742
87,451
188,538
179,376
57,203
19,973
24,973
0.2
0.6
-0.1
- 0.2
- 0.1
2,745,239
157,205
89,306
719,883
330,135
136,739
159,733
87,013
318,843
143,179
213,710
333,545
55,946
-0.4
-0.9
- 0.8
-0.3
- 0.8
-0.3
- 1.0
- 1.6
-0.3
-0.4
-0.4
1,967,257 1,998,143 2,026,072 2,054,204 2,079,988 2,111,383 2,137,940 2,142,389 2,176,130 2,182,409
25,822
27,224
26,080
26,523
26,889
27,390
29,062
29,615
29,844
27,673
1,432,731 1,454,902 1,473,240 1,491,280 1,510,395 1,529,991 1,547,832 1,548,576 1,575,481 1,579,156
47,008
47,780
49,247
49,711
50,557
48,308
51,003
51,649
52,426
52,556
95,861
97,165
99,134
99,466
100,161
102,311
105,073
104,920
104,730
105,369
130,207
132,288
133,871
136,915
122,488
124,579
126,462
128,679
134,586
137,290
243,346
247,637
252,405
258,643
262,289
268,847
272,642
273,787
276,620
278,195
p Preliminary
r Revised
1. Percent change was calculated from unrounded data.
N o t e . The personal income level shown for the United States is derived as the sum of the state estimates. It differs
769,073
109,482
106,492
222,078
208,681
67,080
25,211
30,049
0.2
-0.3
-0.4
0.1
- 0.2
0.2
0.1
0.2
0.2
0.6
-0.3
0.0
-0.5
1.4
0.3
0.8
0.2
0.2
0.3
0.3
0.6
from the estimate of personal income in the national income and product accounts because of differences in coverage, in
the methodologies used to prepare the estimates, and in the timing of the availability of source data.
Source: Table 1 “Personal Income by State and Region” in the “Quarterly Regional Report”.
February 2009
D-71
S u r v e y o f C u r r e n t B u sin e ss
Table 1.2. Annual Personal Income and Per Capita Personal Income by State and Region
Per capita personal income1
Personal income
Area name
2002
Connecticut..................................
Maine............................................
Massachusetts.............................
New Hampshire............................
Rhode Island................................
Vermont........................................
Mideast...........................................
Delaware......................................
Maryland......................................
New Jersey..................................
New York.....................................
Pennsylvania................................
Percent
change2
Millions of dollars
2003
2004
2005r
2006r
2007'
2006-2007
2002
2003
2004
2005'
2006r
2007'
8,872,871
9,150,320
9,711,363
10,252,849
10,977,312
11,631,571
6.0
30,821
31,504
33,123
34,650
36,744
38,564
528,030
146,997
35,998
249,954
43,393
33,635
18,051
538,413
148,777
37,533
253,993
44,327
35,072
18,711
569,244
159,337
39,488
266,635
47,190
36,818
19,776
593,017
167,078
40,380
278,734
48,674
37,876
20,275
634,480
179,918
42,411
298,321
52,104
39,911
21,816
674,065
192,570
44,735
316,954
54,533
42,008
23,264
6.2
7.0
5.5
37,364
42,585
27,816
38,862
34,109
31,527
29,339
37,950
42,839
28,795
39,449
34,554
32,697
30,321
40,058
45,762
30,169
41,444
36,460
34,318
31,959
41,711
47,922
30,772
43,355
37,352
35,507
32,716
44,558
51,468
32,254
46,363
39,718
37,594
35,142
47,256
54,984
33,962
49,142
41,444
39,712
37,446
1,648,005
26,530
25,786
198,824
337,009
677,604
382,251
1,690,345
27,395
26,914
205,737
342,858
693,533
393,908
1,794,306
29,331
29,203
220,127
361,822
739,969
413,855
1,890,616
30,834
31,875
232,931
376,826
788,645
429,506
2,020,327
33,188
33,896
246,542
404,736
846,447
455,518
2,142,658
34,641
36,119
262,072
427,674
900,511
481,641
6.1
4.4
35,203
32,962
44,521
36,590
39,378
35,416
31,063
35,944
33,581
46,607
37,447
39,844
36,107
31,954
38,020
35,438
50,383
39,751
41,872
38,423
33,514
39,985
36,683
54,763
41,795
43,526
40,942
34,729
42,631
38,919
57,896
44,010
46,703
43,898
36,727
45,120
40,058
61,397
46,646
49,238
46,664
38,740
34,505
38,385
31,983
32,928
32,979
34,460
36,274
40,919
33,152
34,342
34,509
36,241
6.2
4.7
5.3
6.6
6.6
6.3
5.7
6.4
5.7
Illinois..........................................
Indiana.........................................
Michigan......................................
Ohio.............................................
Wisconsin....................................
1,386,117
413,711
172,474
303,465
333,158
163,309
1,428,321
426,877
178,675
313,503
341,146
168,120
1,476,856
445,151
186,210
318,736
352,103
174,655
1,523,409
463,117
191,137
325,290
362,701
181,163
1,594,765
490,450
201,580
332,654
378,051
192,031
1,680,881
525,920
210,359
345,885
395,710
203,008
5.4
7.2
4.4
4.0
4.7
5.7
Plains..............................................
Iowa.............................................
Kansas ........................................
Minnesota....................................
Missouri.......................................
Nebraska.....................................
North Dakota................................
South Dakota...............................
576,806
82,398
78,606
166,968
161,104
50,390
16,743
20,596
598,619
83,920
81,116
173,498
166,129
53,391
18,179
22,386
630,728
90,436
84,642
183,821
173,906
55,424
18,645
23,853
654,813
93,211
88,107
190,296
180,512
57,536
20,054
25,096
688,038
97,152
95,235
200,250
189,576
59,875
20,528
25,421
733,581
103,973
101,276
212,941
199,773
64,220
23,001
28,396
6.6
7.0
6.3
6.3
5.4
7.3
Southeast.......................................
Alabama......................................
Arkansas.....................................
Florida.........................................
Georgia........................................
Kentucky......................................
Louisiana.....................................
Mississippi...................................
North Carolina..............................
South Carolina..............................
Tennessee...................................
Virginia........................................
West Virginia................................
1,973,853
113,835
63,234
495,489
244,957
103,866
112,744
63,979
228,684
104,046
159,173
240,534
43,312
2,040,368
118,356
66,476
514,378
250,806
106,319
115,695
66,305
234,983
107,203
165,402
250,605
43,841
2,183,763
126,270
70,701
565,681
264,854
111,847
122,346
69,700
250,921
113,603
174,636
267,521
45,686
2,314,723
133,739
74,860
614,408
284,216
116,910
110,814
73,287
268,543
183,745
286,440
47,542
2,500,411
141,641
79,831
668,513
300,891
124,073
139,463
78,447
285,470
129,866
195,209
306,555
50,453
2,641,905
149,949
85,327
699,314
318,950
130,584
153,570
83,265
305,023
136,851
205,469
320,523
53,080
Southwest.......................................
Arizona........................................
New Mexico..................................
Oklahoma....................................
Texas ...........................................
905,918
144,150
44,987
90,178
626,604
939,250
150,582
46,650
92,599
649,419
1,009,685
164,923
49,813
100,024
694,925
1,101,120
182,564
53,377
106,745
758,435
1,194,839
199,480
56,862
116,858
821,639
1,279,713
208,545
60,287
126,280
884,601
7.1
4.5
Rocky Mountain..............................
Colorado......................................
Idaho...........................................
Montana......................................
Utah.............................................
Wyoming......................................
283,369
153,066
33,849
22,819
58,172
15,463
289,654
154,829
34,816
24,177
59,412
16,420
308,950
163,736
38,079
25,813
63,565
17,756
333,093
175,366
40,853
27,521
69,744
19,610
359,770
188,214
44,389
29,354
75,580
22,233
382,889
199,414
47,536
31,749
79,597
24,593
6.4
Far West..........................................
Alaska..........................................
California.....................................
Hawaii..........................................
Nevada........................................
Oregon........................................
Washington..................................
1,570,773
20,722
1,147,716
36,370
66,632
101,882
197,452
1,625,348
21,184
1,187,040
37,837
71,183
105,161
202,942
1,737,831
22,434
1,265,970
41,027
80,250
109,718
218,432
1,842,058
24,123
1,342,832
44,112
90,022
114,393
226,576
1,984,682
25,925
1,445,316
47,338
96,470
123,703
245,930
2,095,879
27,294
1,519,875
50,130
101,714
131,261
265,605
120,220
r Revised
1. Per capita personal income was computed using midyear population estimates ot the Census Bureau.
2. Percent change was calculated from unrounded data.
Note. The personal income level shown for the United States is derived as the sum of the state estimates. It differs
Rank in
United
States
Dollars
12.0
11.7
5.7
5.9
6.9
4.6
6.0
5.2
10.1
6.1
6.8
5.4
5.3
4.6
5.2
6.0
8.1
7.7
6.0
7.1
8.2
5.3
10.6
5.6
5.3
5.2
5.9
5.4
6.1
8.0
30,375
32,891
28,040
30,214
29,186
29,992
31,189
33,811
28,891
31,116
29,831
30,705
32,130
35,106
29,943
31,550
30,744
31,697
33,057
36,410
30,547
32,182
31,650
32,698
29,638
28,112
28,980
33,256
28,382
29,203
26,415
27,029
30,618
28,583
29,802
34,339
29,115
30,778
28,712
29,191
32,078
30,698
30,995
36,145
30,272
31,781
29,279
30,813
33,123
31,537
32,136
37,212
31,188
32,802
31,535
32,172
34,557
32,683
34,558
38,849
32,475
33,947
32,203
32,241
36,587
34,796
36,483
40,969
33,984
36,189
35,955
35,664
27,740
25,461
23,391
29,727
28,513
25,401
25,248
22,377
27,488
25,348
27,435
33,033
24,061
28,355
26,371
24,440
30,330
28,696
25,843
25,861
23,116
27,904
25,852
28,257
34,001
24,313
29,935
28,007
25,776
32,618
29,688
27,017
27,261
24,144
29,387
27,039
29,539
35,841
25,316
31,276
29,460
27,004
34,642
31,206
28,029
24,649
25,267
30,941
28,254
30,679
37,901
26,330
33,397
30,857
28,418
37,021
32,208
29,510
32,867
27,059
32,186
29,992
32,134
40,124
27,895
34,825
32,401
30,100
38,316
33,416
30,787
35,770
28,527
33,663
31,048
33,373
41,561
29,293
27,865
26,474
24,310
25,872
28,835
28,432
26,989
24,945
26,457
29,404
30,043
28,710
26,326
28,444
30,948
32,151
30,672
27,854
30,189
33,201
34,048
32,353
29,275
32,664
35,101
35,716
32,900
30,604
34,910
37,006
29,535
33,956
25,221
25,068
24,893
31,101
29,833
33,989
25,524
26,353
25,034
32,882
31,328
35,523
27,361
27,854
26,149
35,283
33,154
37,522
28,650
29,410
27,842
38,713
35,034
39,489
30,323
31,004
29,300
43,360
36,511
41,019
31,703
33,145
30,090
47,038
32,330
32,243
32,826
29,599
30,739
28,931
32,573
33,047
32,543
33,554
30,506
31,802
29,565
33,166
34,938
33,906
35,440
32,713
34,442
30,621
35,289
36,667
36,036
37,311
34,800
37,370
31,513
36,132
39,096
38,268
39,871
37,022
38,705
33,514
38,578
40,854
39,934
41,580
39,060
39,649
35,027
41,062
2007
1
35
3
9
16
21
14
6
2
5
19
13
39
33
32
24
31
23
12
34
25
26
28
42
47
20
37
45
27
50
36
44
38
8
49
41
46
30
22
11
43
40
48
4
15
7
18
17
29
10
from the estimate of personal income in the national income and product accounts because of differences in coverage, in
the methodologies used to prepare the estimates, and in the timing of the availability of source data.
Source: Table 2 in “State Personal Income: Second Quarter of 2008 and Revised Statistics for 2005-2007” in the
October 2008 S urvey o f C urrent B usiness .
D-72
Regional Data
February 2009
Table 1.3. Disposable Personal Income and Per Capita Disposable Personal Income by State and Region
Per capita disposable personal income 1
Disposable personal income
Area name
Percent
change2
Millions of dollars
2002
2003
2004
2005'
2006'
2007'
2006-2007
Rank in
United
States
Dollars
2002
2003
2004
2005'
2006'
2007'
2007
United States..........................
7,822,136
8,150,333
8,666,164
9,046,313
9,625,456
10,140,209
5.3
27,171
28,061
29,558
30,573
32,219
33,619
New England...................................
Connecticut.................................
Maine...........................................
Massachusetts.............................
New Hampshire............................
Rhode Island...............................
Vermont.......................................
454,473
123,813
31,984
214,288
38,709
29,644
16,036
468,091
126,684
33,713
219,666
39,979
31,192
16,857
495,549
135,760
35,562
230,805
42,764
32,799
17,859
509,844
139,793
36,049
238,706
43,670
33,533
18,093
542,198
149,512
37,712
253,939
46,501
35,156
19,377
571,515
158,363
39,644
267,608
48,389
36,912
20,598
5.4
5.9
5.1
5.4
4.1
5.0
6.3
32,159
35,868
24,713
33,317
30,427
27,786
26,064
32,993
36,477
25,864
34,118
31,164
29,080
27,317
34,872
38,990
27,170
35,874
33,041
30,572
28,861
35,860
40,096
27,472
37,129
33,512
31,436
29,194
38,078
42,770
28,681
39,466
35,448
33,115
31,214
40,066
45,217
30,097
41,491
36,775
34,894
33,156
Mideast...........................................
Delaware.....................................
District of Columbia......................
Maryland.....................................
New Jersey..................................
New York......................................
Pennsylvania................................
1,422,594
23,183
22,308
171,570
291,335
576,527
337,670
1,474,695
24,183
23,436
178,801
299,674
597,414
351,187
1,565,954
25,898
25,459
191,478
317,360
635,806
369,952
1,631,208
26,850
27,610
200,988
325,974
670,014
379,771
1,730,438
28,924
29,117
211,748
348,732
711,649
400,268
1,819,779
30,195
30,900
223,329
365,509
748,746
421,100
5.2
4.4
30,388
28,803
38,516
31,575
34,041
30,133
27,440
31,358
29,644
40,583
32,544
34,826
31,103
28,489
33,182
31,291
43,924
34,577
36,726
33,014
29,959
34,499
31,943
47,436
36,064
37,652
34,783
30,708
36,514
33,919
49,733
37,799
40,241
36,907
32,272
Great Lakes.....................................
Illinois..........................................
Indiana..........................................
Michigan.......................................
Ohio.............................................
Wisconsin....................................
1,221,717
362,767
153,422
269,198
292,555
143,775
1,273,948
379,815
160,676
281,273
302,840
149,343
1,321,238
397,414
168,139
287,282
312,785
155,619
1,352,062
409,111
171,102
291,484
320,225
160,141
1,407,393
429,691
179,588
297,233
332,220
168,661
1,478,281
458,797
186,512
308,311
346,986
177,676
5.0
26,773
28,841
24,942
26,803
25,629
26,404
27,818
30,084
25,980
27,917
26,481
27,276
28,745
31,342
27,037
28,436
27,311
28,242
29,339
32,164
27,345
28,837
27,943
28,904
30,451
33,630
28,494
29,422
28,981
30,266
38,321
34,917
52,526
39,750
42,081
38,800
33,870
31,902
35,697
29,394
30,611
30,260
31,719
39
31
33
28
Plains..............................................
Iowa.............................................
Kansas.........................................
Minnesota.....................................
Missouri.......................................
Nebraska.....................................
North Dakota................................
South Dakota................................
512,013
74,161
70,049
145,240
143,294
45,123
15,266
18,879
537,211
76,099
73,094
152,623
149,429
48,403
16,745
20,819
568,066
82,341
76,496
162,522
157,119
50,242
17,170
22,177
583,877
84,085
78,706
166,379
161,485
51,710
18,364
23,148
646,102
92,689
89,018
184,275
176,597
56,904
20,782
25,838
26,309
25,302
25,826
28,929
25,245
26,150
24,084
24,776
27,477
25,919
26,855
30,208
26,188
27,902
26,446
27,148
28,891
27,950
28,012
31,957
27,350
28,809
26,962
28,647
29,535
28,450
28,707
32,535
27,900
29,481
28,877
29,676
30,569
29,233
30,590
33,775
28,855
30,168
29,109
29,342
32,224
31,020
32,067
35,454
30,042
32,066
32,487
32,451
30
26
14
36
27
23
24
Southeast........................................
Alabama.......................................
Arkansas......................................
Florida..........................................
Georgia.........................................
Kentucky.......................................
Louisiana......................................
Mississippi....................................
North Carolina..............................
South Carolina..............................
Tennessee....................................
Virginia.........................................
West Virginia................................
1,762,224
102,725
56,919
443,369
216,481
92,299
102,141
58,542
202,246
93,514
145,548
209,201
39,240
1,840,485
107,741
60,504
466,917
223,843
95,199
105,959
61,165
209,846
97,135
152,470
219,705
40,001
1,971,328
115,175
64,474
510,652
236,929
100,610
112,259
64,519
224,854
103,253
161,480
235,246
41,877
2,065,421
121,054
67,759
545,868
252,479
104,423
98,733
67,756
238,288
107,822
168,826
249,258
43,156
608,645
86,898
84,301
174,099
168,447
53,210
18,556
23,135
2,221,432
127,076
71,984
593,153
265,243
110,795
125,341
71,796
251,115
115,854
177,845
265,561
45,668
2,335,070
134,023
76,656
617,463
279,545
116,035
137,700
75,913
266,601
121,566
186,231
275,486
47,852
24,766
22,976
21,055
26,600
25,198
22,572
22,873
20,475
24,310
22,782
25,087
28,730
21,799
25,577
24,006
22,244
27,532
25,611
23,140
23,685
21,324
24,919
23,424
26,048
29,808
22,183
27,023
25,546
23,506
29,445
26,557
24,303
25,013
22,349
26,335
24,576
27,314
31,517
23,205
27,908
26,666
24,443
30,777
27,721
25,035
21,962
23,361
27,455
25,340
28,188
32,981
23,901
29,671
27,684
25,625
32,848
28,392
26,352
29,539
24,765
28,312
26,756
29,275
34,758
25,249
30,781
28,960
27,041
33,831
29,288
27,357
32,074
26,008
29,423
27,580
30,248
35,721
26,408
Southwest.......................................
Arizona.........................................
New Mexico..................................
Oklahoma.....................................
Texas ............................................
818,959
129,279
40,631
81,087
567,962
857,087
136,028
42,493
83,929
594,637
925,182
149,109
45,555
90,998
639,520
996,905
162,681
48,396
95,964
689,865
1,073,596
176,963
51,092
104,220
741,321
1,143,907
184,226
53,953
112,563
793,165
7.0
25,190
23,743
21,956
23,264
26,137
25,945
24,381
22,722
23,980
26,924
27,529
25,957
24,076
25,877
28,480
29,108
27,332
25,254
27,140
30,199
30,593
28,701
26,305
29,132
31,670
31,926
29,063
27,389
31,118
33,181
Rocky Mountain..............................
Colorado.......................................
Idaho...........................................
Montana
Utah....
Wyoming
251,784
134,727
30,512
20,572
52,123
13,850
259,930
137,882
31,603
21,981
53,574
14,890
277,937
146,185
34,662
23,486
57,451
16,153
295,902
154,895
36,584
24,763
62,109
17,551
316,200
164,555
39,376
26,194
66,590
19,484
333,610
172,802
41,906
28,193
69,315
21,395
5.5
5.0
6.4
7.6
4.1
9.8
26,243
29,888
22,735
22,600
22,304
27,856
26,771
30,269
23,169
23,959
22,574
29,817
29,452
33,142
25,657
26,463
24,794
34,648
30,791
34,525
26,899
27,666
25,815
37,999
31,812
35,545
27,948
29,433
26,203
40,921
Far West.
Alaska.
California
Hawaii.
Nevada
Oregon
Washington...................................
1,378,371
18,684
1,001,232
32,308
59,195
89,801
177,151
1,438,886
19,269
1,044,737
33,841
63,811
93,365
183,863
1,540,910
20,561
1,115,556
36,712
71,698
97,346
199,037
1,611,094
21,985
1,166,007
39,004
79,524
100,038
204,535
1,725,556
23,517
1,247,072
41,752
85,255
107,659
220,301
1,811,944
24,627
1,303,723
44,103
89,155
113,868
236,468
5.0
4.7
4.5
5.6
4.6
5.8
7.3
28,370
29,071
28,636
26,293
27,308
25,501
29,224
29,256
29,601
29,532
27,284
28,508
26,249
30,048
28,183
31,716
24,906
25,343
23,634
32,096
30,979
31,075
31,229
29,272
30,772
27,169
32,155
32,070
32,843
32,398
30,771
33,012
27,559
32,617
33,991
34,713
34,402
32,653
34,206
29,167
34,558
35,320
36,031
35,666
34,365
34,753
30,385
36,557
r Revised
1. Per capita disposable personal income was computed using midyear population estimates ot the Census Bureau.
2. Percent change was calculated from unrounded data.
N o t e . The personal income level shown for the United States is derived as the sum of the state estimates. It differs
6.1
5.5
4.8
5.2
5.2
6.8
3.9
3.7
4.4
5.3
6.2
6.7
5.6
5.8
4.8
6.9
12.0
11.7
5.1
5.5
6.5
4.1
5.4
4.7
9.9
5.7
6.2
4.9
4.7
3.7
4.8
6.5
4.1
5.6
8.0
1
35
3
7
16
22
15
5
2
6
19
11
42
47
20
40
46
25
50
38
44
34
10
48
41
45
29
21
13
43
37
49
4
9
12
18
17
32
8
from the estimate of personal income in the national income and product accounts because of differences in coverage, in
the methodologies used to prepare the estimates, and in the timing of the availability of source data.
Source: Table 3 in “State Personal Income: Second Quarter of 2008 and Revised Statistics for 2005-2007” in the
October 2008 S urvey o f C u rrent B usiness .
February 2009
D-73
S u r v e y o f C u r r e n t B u sin e ss
Table 1.4. Gross Domestic Product (GDP) by State for Industries, 2007
[Millions of dollars]
State and region
Rank of
total
GDP by
state
Total
Natural
NondurableDurable-goods
goods
resources Construction
manufacturing
and mining
manufacturing
Trade
Professional
Education
Leisure
Other
and
and health
and
business
services
services hospitality
services
Government
United States.............
13,743,021
437,149
562,625
926,689
1,684,211
1,090,737
505,676
316,573
1,639,241
Connecticut.....................
Maine..............................
Massachusetts................
New Hampshire...............
Rhode Island...................
Vermont...........................
744,672
216,266
48,108
351,514
57,341
46,900
24,543
3,437
500
763
1,232
313
130
499
26,311
6,137
54,641
17,405
2,858
24,569
4,734
2,975
2,099
26,435
9,968
2,454
10,173
1,610
1,504
726
84,775
23,018
6,844
38,018
8,338
5,358
3,199
27,621
7,888
2,286
11,311
3,236
1,646
1,254
33,593
8,989
1,377
18,222
2,199
1,809
997
189,898
64,621
9,567
85,993
12,481
12,770
4,465
104,240
28,943
4,079
57,699
6,872
4,694
1,954
80,855
19,352
5,836
41,025
6,229
5,444
2,969
25,139
5,771
1,957
12,086
2,268
1,759
1,298
15,859
4,250
1,077
7,480
1,431
1,023
599
71,869
19,424
6,889
30,947
5,414
5,822
3,373
2,522,240
60,118
93,819
268,685
465,484
1,103,024
531,110
14,321
648
7
1,413
1,129
3,729
7,395
84,100
1,951
1,026
13,990
16,126
30,458
20,550
93,687
1,256
6,787
13,689
29,998
41,890
107,727
3,112
130
7,708
27,119
36,390
33,269
275,188
4,609
2,032
29,650
65,812
108,073
65,012
112,613
1,846
1,265
13,473
23,360
40,137
32,533
146,216
1,280
5,900
10,546
24,103
83,276
21,112
671,997
26,850
14,486
60,451
115,986
355,343
98,881
354,997
7,177
22,885
38,898
67,304
150,610
68,123
227,687
3,682
6,433
23,325
37,624
95,745
60,878
81,922
1,383
3,299
8,782
15,921
36,646
15,891
59,290
1,058
5,820
6,801
9,530
22,564
13,517
292,494
5,265
30,469
46,863
47,782
110,056
52,060
1,936,573
609,570
246,439
381,963
466,309
232,293
27,225
7,142
4,805
4,654
6,107
4,517
71,242
23,560
9,790
13,124
15,712
9,055
221,695
45,697
40,180
49,385
57,210
29,223
114,907
30,932
22,517
15,076
27,858
18,523
242,724
77,644
29,832
48,691
58,768
27,789
109,965
35,949
15,713
20,040
26,457
11,806
62,612
24,112
6,018
11,654
13,210
7,618
370,140
134,098
37,190
68,054
87,221
43,577
238,375
89,423
19,975
52,629
55,383
20,965
165,285
47,380
20,857
33,713
41,774
21,560
62,953
46,155
20,143
14,793
9,176
6,042
12,543
9,080
14,096
10,863
6,996 ■ 5,378
203,296
58,697
24,343
43,320
51,651
25,286
872,523
129,026
117,305
254,970
229,470
80,093
27,725
33,934
36,782
8,008
6,252
7,156
4,330
5,621
3,234
2,180
32,728
4,291
3,938
9,602
9,497
3,082
49,956
10,653
6,511
12,627
14,071
4,492
775
825
110,707
15,025
14,988
32,469
30,779
9,186
3,976
4,283
51,516
7,842
7,021
11,600
12,939
8,361
2,045
1,708
37,797
3,991
7,831
9,733
11,376
2,694
1,099
1,072
158,891
24,556
16,623
54,546
36,558
13,749
3,843
9,016
91,854
7,841
11,310
32,593
29,374
7,223
1,692
1,820
75,083
9,743
8,804
23,618
20,810
6,430
2,488
3,190
28,584
3,933
3,222
7,850
9,521
2,039
808
1,196
73,270
15,419
11,213
21,228
16,516
4,544
1,858
2,492
1,210
20,402
2,777
2,811
5,689
6,023
1,706
624
771
104,954
14,946
16,780
26,258
27,674
10,967
4,159
4,170
3,087,889
165,796
95,371
734,519
396,504
154,184
216,146
88,546
399,446
152,830
243,869
382,964
57,711
89,010
5,924
5,244
7,746
5,653
7,350
32,894
4,971
6,767
1,745
2,314
3,836
4,567
142,957
7,236
3,571
45,004
17,572
5,522
8,147
3,606
16,748
7,884
9,214
16,258
2,194
196,961
18,179
9,566
25,383
19,139
17,421
9,121
8,265
30,981
14,842
24,309
16,138
3,616
199,770
10,463
7,376
11,207
24,420
11,657
40,545
5,556
43,297
9,644
15,061
17,731
2,814
402,035
22,887
13,224
103,996
56,874
19,827
22,103
12,050
46,273
21,458
37,277
38,822
7,244
164,955
9,864
6,834
32,971
26,055
10,497
12,967
5,869
16,400
8,035
14,090
16,455
4,918
123,528
4,935
3,892
30,914
25,893
4,391
4,665
347,507
14,994
7,869
93,748
47,413
12,024
15,721
12,664
4,450
8,469
19,457
1,587
574,598
24,253
12,316
177,746
72,520
20,751
22,613
11,271
88,420
24,242
37,837
75,124
7,506
38,302
14,817
27,234
65,366
3,996
232,321
12,599
7,716
59,838
27,377
13,207
13,009
6,884
27,881
9,997
24,259
23,834
5,719
120,818
4,489
2,696
40,588
13,257
4,914
8,036
4,480
12,119
6,508
10,384
11,278
2,070
73,675
4,284
2,204
19,819
8,250
3,408
4,012
2,091
8,105
3,779
6,489
9,884
1,349
419,753
25,688
12,863
85,559
52,081
23,215
22,313
15,269
51,488
25,431
26,933
68,781
10,132
1,604,494
247,028
76,178
139,323
1,141,965
160,487
6,749
12,064
21,685
119,988
74,567
14,754
3,161
4,450
52,203
107,773
16,647
4,543
9,554
77,030
86,101
2,965
1,030
5,954
76,151
200,574
34,196
7,694
15,940
142,744
103,220
11,343
3,943
8,415
79,520
61,956
7,166
2,016
4,705
48,069
253,852
58,545
10,345
17,742
167,220
178,710
29,612
8,752
11,928
128,417
106,033
19,671
5,452
9,970
70,940
51,377
10,596
2,649
4,120
34,012
33,288
4,846
1,587
3,050
23,805
186,557
29,938
12,942
21,811
121,867
458,897
236,324
51,149
34,253
105,658
31,514
33,993
12,905
3,193
3,665
4,205
10,025
25,145
12,447
2,927
2,047
5,922
1,801
23,071
9,490
3,697
890
8,621
374
11,847
5,693
1,557
609
3,331
657
55,306
27,573
7,163
4,223
13,394
2,953
23,263
8,988
2,510
2,915
5,464
3,385
28,124
21,350
1,268
3,985
509
83,309
44,121
8,798
5,314
21,956
3,120
55,916
34,257
6,340
2,603
11,305
1,411
30,756
15,377
3,968
3,170
6,907
1,334
18,527
10,368
1,780
1,614
3,594
1,172
11,338
5,708
1,027
844
3,181
577
58,302
28,047
6,919
5,346
13,793
4,196
2,515,732
44,517
1,812,968
61,532
127,213
158,233
311,270
71,893
14,108
42,581
478
105,575
155,592
154
102,707
419
4,087
25,697
22,529
92,345
808
76,315
660
1,485
4,530
8,548
314,282
2,800
229,840
6,410
14,948
19,290
40,992
106,247
4,719
73,797
3,413
5,647
6,813
11,858
151,482
1,065
112,554
1,556
2,607
5,696
28,004
558,047
4,483
421,755
13,343
28,778
28,717
60,971
312,613
2,439
242,131
5,531
13,369
14,975
34,168
172,718
2,443
123,489
4,681
6,633
13,147
22,325
116,356
1,354
71,758
5,970
21,632
5,078
10,564
56,567
684
41,135
1,532
2,267
3,677
7,272
302,015
7,794
205,163
14,119
12,813
19,351
42,775
Mideast...............................
Delaware.........................
District of Columbia.........
Maryland.........................
New Jersey......................
New York.........................
Pennsylvania...................
Great Lakes........................
Illinois..............................
Indiana............................
Michigan..........................
Ohio.................................
Wisconsin........................
Plains.................................
Iowa.................................
Kansas ...........................
Minnesota........................
Missouri...........................
Nebraska.........................
North Dakota...................
South Dakota...................
Southeast...........................
Alabama..........................
Arkansas.........................
Florida.............................
Georgia...........................
Kentucky..........................
Louisiana.........................
Mississippi.......................
North Carolina.................
South Carolina.................
Tennessee.......................
Virginia............................
West Virginia...................
Southwest..........................
Arizona............................
New Mexico.....................
Oklahoma........................
Texas..............................
Rocky Mountain.................
Colorado..........................
Idaho..............................
Montana..........................
Utah................................
Wyoming.........................
Far West.............................
Alaska.............................
California.........................
Hawaii..............................
Nevada...........................
Oregon............................
Washington.....................
23
43
13
41
44
50
39
15
8
3
6
5
18
12
7
21
30
32
16
22
36
49
47
25
34
4
10
27
24
35
9
28
19
11
40
17
37
29
2
20
42
46
33
48
45
1
38
31
26
14
2,686
4,767
7,272
2,120
12,758
2,217
1,969
1,111
1,122
1,666
69,743
3,419
10,262
6,496
13,990
68
689,087 1,685,590
Transportation
Financial
Information
and utilities
activities
N o t e . Totals shown for the United States differ from the national income and product account estimates of gross
domestic product (GDP) because GDP by state excludes and national GDP includes the compensation of Federal civilian
and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad
699,401
645,310 2,860,733
2,212
1,012
6,022
and for military equipment, except office equipment. Also, GDP by state and national GDP have different revision schedules.
Source: This table reflects the GDP-by-state estimates for 2007 that were released on June 5,2008.
D-74
February 2009
J. Local Area Table
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2005-2007—Continues
Per capita personal income 1
Personal income
Percent change from
preceding period 2
Millions of dollars
Area
2007p
2005
2006
2007p
2007p
Percent change from
preceding period
2007p
2005
2006
2007p
United States......................................
10,284,356
10,968,393
11,652,339
6.7
6.2
34,757
36,714
38,632
5.6
5.2
Metropolitan portion.................................................
8,998,025
9,611,280
10,210,349
6.8
6.2
36,483
38,564
40,536
5.7
5.1
4,414
23,649
4,021
30,582
24,804
4,386
26,461
3,488
6,843
2,558
13,898
3,644
4,704
13,354
3,075
7,165
11,358
4,702
174,810
9,027
3,029
14,678
50,988
18,804
108,479
4,196
9,591
22,016
3,951
3,041
10,860
5,421
4,502
4,848
6,884
38,575
3,299
3,734
4,730
5,145
17,394
211,565
13,311
3,106
29,233
8,706
61,623
6,619
3,051
36,323
3,764
7,236
11,781
20,939
2,168
2,770
8,228
6,256
9,433
18,671
55,683
4,740
24,635
4,149
32,527
26,764
4,611
28,129
3,627
7,335
2,728
14,775
3,805
4,950
13,874
3,264
7,521
12,239
4,936
184,911
9,577
3,252
15,327
55,665
20,042
114,592
4,342
10,157
24,038
4,107
3,168
11,646
5,793
4,997
5,162
7,353
41,067
3,479
3,945
4,973
5,462
19,175
225,705
14,200
3,299
31,634
9,399
66,407
7,047
3,288
38,311
4,013
7,696
12,127
5,134
25,793
4,364
34,175
28,485
4,820
29,796
3,848
7,952
2,893
15,911
3,928
5,217
14,432
3,463
7,972
13,061
5,199
196,873
9,915
3,447
16,137
59,958
21,409
120,617
4,536
10,768
25,656
4,237
3,250
12,417
6,270
5,307
5,574
7,806
43,494
3,736
4,139
5,272
5,720
20,380
241,012
15,221
3,485
33,327
9,915
71,773
7,603
3,460
40,241
4,245
8,077
12,698
24,175
2,422
3,398
9,361
7,054
10,549
21,507
64,418
7,783
17,007
3,561
416,357
6,474
81,698
8,427
3,161
82,302
4,114
5,448
21,653
5,283
24,304
9,805
2,733
66,076
13,978
3,041
2,710
7.4
4.2
3.2
6.4
7.9
5.1
6.3
4.0
7.2
6.7
6.3
4.4
5.2
3.9
8.3
4.7
5.2
5.1
6.4
4.5
5.9
32,221
36,881
26,597
40,047
34,109
32,171
37,066
30,655
32,827
34,130
43,911
29,912
28,987
41,233
30,614
36,563
32,303
27,745
37,294
36,636
26,411
30,533
37,517
27,076
45,208
30,486
48,468
33,318
31,013
30,232
33,002
32,485
34,458
37,247
31,679
39,247
36,182
26,260
28,695
34,832
34,679
53,763
52,438
30,045
48,498
41,883
80,192
19,636
33,988
35,669
29,206
38,951
31,185
40,935
44,081
47,354
37,033
31,931
34,706
34,133
39,004
40,375
33,051
41,236
43,714
29,593
38,290
32,188
28,445
39,258
30,598
26,790
35,550
32,548
33,943
34,678
36,568
37,664
33,733
37,341
27,289
4.8
4.6
4.8
4.2
4.5
4.8
6.1
6.0
29,847
35,188
25,432
38,213
32,727
30,800
35,369
28,865
30,515
32,556
41,104
29,000
27,955
39,892
28,959
34,786
30,767
26,924
36,060
35,480
25,399
29,328
36,328
25,938
43,026
29,324
45,445
31,443
29,862
29,317
31,104
30,688
33,522
34,923
29,787
37,331
34,357
25,257
27,240
33,704
33,774
50,542
49,628
28,904
46,486
39,353
74,281
18,559
32,889
33,803
28,265
37,280
29,769
40,113
41,478
44,152
34,826
30,128
33,010
32,246
38,164
38,383
31,685
39,647
41,591
28,034
36,650
31,910
27,833
37,406
29,134
25,454
34,255
31,325
32,614
31,922
35,004
36,110
31,464
35,722
26,038
7.4
4.3
2.5
5.8
5.4
3.0
5.0
4.2
6.1
27,790
33,739
24,811
36,107
31,061
29,908
33,677
27,693
28,750
31,158
39,525
27,871
26,975
38,682
27,445
33,455
29,022
26,223
35,262
33,589
24,181
28,356
34,701
25,050
40,933
28,537
42,618
30,154
28,588
28,000
28,519
29,214
31,909
33,142
27,856
35,448
33,172
24,136
26,153
32,195
31,925
47,491
47,032
27,838
43,700
36,308
68,840
17,760
31,234
31,825
26,913
35,211
28,895
38,598
38,938
39,865
33,269
28,800
30,959
31,026
36,580
36,546
30,316
36,922
39,454
26,691
35,326
29,618
27,357
35,555
27,449
23,963
33,131
30,257
31,001
30,771
33,156
34,777
29,353
33,814
24,775
Metropolitan Statistical Areas3
Abilene, TX..................................................................
Akron, OH....................................................................
Albany, GA...................................................................
Albany-Schenectady-Troy, NY......................................
Albuquerque, NM ........................................................
Alexandria, LA.............................................................
Allentown-Bethlehem-Easton, PA-NJ...........................
Altoona, PA..................................................................
Amarillo, TX
Ames, IA.
Anchorage, AK
Anderson, IN
Anderson, SC
Ann Arboi, Ml
Anniston-Oxford, AL....................................................
Appleton, W l.................
Asheville, NC................
Athens-Clarke County, GA
Atlanta-Sandy Springs-Marietta, GA............................
Atlantic City-Hammonton, NJ
Auburn-Opelika, AL
Augusta-Richmond County, GA-SC..............................
Austin-Round Rock, TX...............................................
Bakersfield, CA............................................................
Baltimore-Towson, MD
Bangor, ME
Barnstable Town, MA
Baton Rouge, LA
Battle Creek, Ml.
Bay City, M l......
Beaumont-Port Arthur, TX...........................................
Bellingham, WA...........................................................
Bend, OR
Billings, MT
Binghamton, NY
Birmingham-Hoover, A L...............................................
Bismarck, ND
Blacksburg-Christiansburg-Radfbrd, VA.......................
Bloomington, IN...........................................................
Bloomington-Normal, IL
Boise City-Nampa, ID....
Boston-Cambridge-Quincy, MA-NH..............................
Boulder, CO..................
Bowling Green, KY
Bradenton-Sarasota-Vemce, FL...................................
Bremerton-Silverdale, WA
Bridgeport-Stamford-Norwalk, CT................................
Brownsville-Harlingen, TX............................................
Brunswick, GA.............................................................
Buffalo-Niagara Falls, NY.............................................
Burlington, NC.............................................................
Burlington-South Burlington, VT...................................
Canton-Massillon, OH.................................................
Cape Coral-Fort Myers, FL...........................................
Carson City, NV...........................................................
Casper, W Y.................................................................
Cedar Rapids, IA.........................................................
Champaign-Urbana, IL.................................................
Charleston, WV...........................................................
Charleston-North Charleston-Summerville, SC...........
Charlotte-Gastonia-Concord, NC-SC...........................
Charlottesville, VA........................................................
Chattanooga, TN-GA...................................................
Cheyenne, W Y............................................................
Chicago-Naperville-Joliet, IL-IN-WI..............................
Chico, CA....................................................................
Cincinnati-Middletown, OH-KY-IN.................................
Clarksville, TN-KY.......................................................
Cleveland, TN..............................................................
Cleveland-Elyria-Mentor, OH.......................................
Coeur d’Alene, ID........................................................
College Station-Bryan, TX...........................................
Colorado Springs, CO
Columbia, M O ...
Columbia, SC....
Columbus, GA-AL
Columbus, IN ...
Columbus, OH...
Corpus Christi, T x .......................................................
Corvallis, O R...............................................................
Cumberland, MD-WV..................................................
See the footnotes at the end of the table.
6,868
15,241
3,153
371,160
5,744
74,295
7,458
2,956
75,337
3,482
4,721
19,528
4,731
21,441
8,740
2,427
59,651
12,065
2,693
2,468
22,868
2,286
3,102
8,693
6,598
10,030
19,901
60,483
7,316
16,148
3,401
393,382
6,100
77,740
8,060
3,047
78,752
3,808
5,113
20,639
5,004
22,953
9,268
2,590
62,635
13,006
2,870
2,586
2006
Rank in
United States
Dollars
5.0
7.8
5.0
5.8
6.1
8.4
6.0
7.7
3.2
5.4
4.0
6.1
6.7
5.3
6.5
3.5
7.4
4.4
9.2
5.3
7.7
6.6
6.8
5.6
3.5
5.9
9.2
4.0
4.2
7.2
6.9
5.3
4.5
11.0
6.5
6.8
6.0
6.0
6.7
3.2
2.6
6.6
8.2
6.2
8.0
6.2
6.5
5.4
5.7
5.1
5.9
7.4
4.9
6.2
10.2
4.7
6.3
6.7
6.7
6.8
6.2
8.2
8.0
7.8
6.5
7.8
5.5
6.6
6.4
2.9
9.2
5.5
12.0
5.6
5.5
6.3
6.6
8.6
6.5
6.0
7.9
6.0
6.2
4.6
8.1
3.1
4.5
9.4
8.3
5.7
5.8
7.1
6.0
7.2
5.7
5.4
5.5
8.1
7.9
5.2
5.0
5.8
5.0
4.7
5.7
5.9
9.5
7.7
6.9
5.2
8.1
6.5
6.4
5.3
4.7
5.8
6.1
5.1
4.6
3.7
4.5
8.0
6.6
6.7
5.0
7.8
4.9
5.6
5.9
5.8
5.5
5.5
7.5
6.6
6.0
4.8
4.8
6.0
2006
214
105
342
57
163
216
100
255
196
162
32
276
303
47
256
111
210
327
94
109
346
259
90
337
28
261
15
180
242
271
190
205
152
95
226
6.1
4.5
4.0
4.1
3.6
3.1
5.5
4.0
6.0
2.7
2.3
5.6
5.0
3.4
4.7
3.5
5.1
2.8
6.6
362
165
4.3
4.5
4.7
9.1
5.0
5.1
5.4
6.9
5.3
3.6
4.6
4.2
4.7
5.8
6.4
5.5
3.8
6.4
8.4
7.9
4.5
5.3
122
6.2
294
71
237
51
31
18
5.0
5.9
3.0
3.9
6.5
10.8
101
220
4.7
4.6
147
161
69
54
189
46
34
281
79
215
317
65
257
340
126
6.6
66
115
347
312
143
148
7
9
273
14
41
1
202
166
149
110
88
170
93
331
3.9
4.3
5.0
4.5
7.4
5.4
5.0
3.7
7.7
1.7
5.2
6.1
6.2
3.4
3.5
5.2
3.7
5.6
3.8
7.2
5.6
5.1
8.0
6.2
7.6
4.8
6.8
3.1
3.7
3.4
5.7
5.1
5.0
3.0
3.4
3.3
4.0
4.1
3.3
4.4
5.1
4.0
6.7
6.0
3.9
3.1
6.1
5.9
2.8
6.7
6.4
5.1
5.3
4.0
5.3
3.3
2.7
6.4
5.7
3.9
4.3
6.4
8.0
5.8
3.3
5.5
3.3
4.5
4.8
2.0
6.3
7.3
6.3
6.0
5.1
5.9
2.2
5.2
4.3
4.0
5.1
5.6
4.5
0.9
2.2
5.0
5.0
5.2
3.8
3.9
4.1
8.6
4.5
4.3
7.2
4.5
4.8
February 2009
D-75
S u r v e y o f C u r r e n t B u sin e ss
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2005-2007—Continues
Per capita personal income1
Personal income
Area
Dallas-Fort Worth-Arlington, TX...................................
Dalton, GA...................................................................
Danville, IL...................................................................
Danville, VA.................................................................
Davenport-Moline-Rock Island, IA-IL...........................
Dayton, OH..................................................................
Decatur, A L .................................................................
Decatur, IL...................................................................
Deltona-Daytona Beach-Ormond Beach, F L ...............
Denver-Aurora, CO......................................................
Des Moines-West Des Moines, IA...............................
Detroit-Warren-Livonia, M l..........................................
Dothan, A L..................................................................
Dover, DE...
Dubuque, IA
Duluth, MN-WI
Durham, NC
Eau Claire, Wl
El Centro, CA
Elizabethtown, KY.......................................................
Elkhart-Goshen, IN .....................................................
Elmira, NY...................................................................
El Paso, TX.
Erie, PA
Eugene-Springfield, OR..............................................
Evansville, IN-KY
Fairbanks, AK
Fargo, ND-MN
Farmington, NM
Fayetteville, NC
Fayetteville-Springdale-Rogers, AR-MO......................
Flagstaff, AZ
Flint, Ml
Florence, SC
Florence-Muscle Shoals, A L.......................................
Fond du Lac, Wl
Fort Collins-Loveland, CO...........................................
Fort Smith, AR-OK......................................................
Fort Walton Beach-Crestview-Destin, FL.....................
Fort Wayne, IN ............................................................
Fresno, C A ..................................................................
Gadsden, AL
Gainesville, FL
Gainesville, GA
Glens Falls, NY
Goldsboro, NC
Grand Forks, ND-MN
Grand Junction, CO
Grand Rapids-Wyoming, M l........................................
Great Falls, MT............................................................
Greeley, CO
Green Bay, Wl
Greensboro-High Point, N C ........................................
Greenville, NC
Greenville-Mauldin-Easley, SC....................................
Gulfport-Biloxi, MS
Hagerstown-Martinsburg, MD-WV..............................
Hanford-Corcoran, CA.................................................
Harrisburg-Carlisle, PA................................................
Harrisonburg, VA
Hartford-West Hartford-East Hartford, CT....................
Hattiesburg, MS
Hickory-Lenoir-Morganton, N C ...................................
Hinesville-Fort Stewart, GA.........................................
Holland-Grand Haven, Ml............................................
Honolulu, HI
Hot Springs, AR
Houma-Bayou Cane-Thibodaux, LA ............................
Houston-Sugar Land-Baytown, TX...............................
Huntington-Ashland, WV-KY-OH..................................
Huntsville, AL
Idaho Falls, ID
Indianapolis-Carmel, IN...............................................
Iowa City, IA
Ithaca, NY..
Jackson, Ml
Jackson, MS
Jackson, TN
Jacksonville, FL
Jacksonville, NC
Janesville, Wl
Jefferson City, MO
Johnson City, TN
Johnstown, PA.............................................................
Jonesboro, AR.............................................................
Joplin, MO...................................................................
See the footnotes at the end of the table.
Percent change from
preceding period 2
Millions of dollars
2005
2006
221,192
3,526
238,858
3,674
2,022
2,100
2,720
12,099
26,685
4,326
3,575
13,778
100,447
19,745
167,565
3,894
4,006
2,773
8,096
15,983
4,412
3,396
3,254
6,160
2,437
17,156
7,677
9,812
11,335
3,025
6,156
3,010
10,740
11,725
3,493
12,131
5,441
3,653
3,124
9,354
7,458
6,425
12,415
22,752
2,673
7,359
4,548
3,611
2,925
2,822
3,748
24,593
2,426
5,713
9,636
21,016
4,439
17,528
6,446
7,260
3,109
18,210
3,010
50,523
3,271
9,573
1,615
7,890
33,684
2,667
5,291
216,765
7,301
12,174
3,236
59,477
4,662
2,815
4,453
16,164
3,131
44,281
4,895
4,455
4,215
4,859
3,870
2,775
4,259
2,764
12,814
27,823
4,542
3,723
14,683
107,788
21,118
171,339
4,147
4,234
2,924
8,533
17,216
4,659
3,592
3,490
6,429
2,586
18,123
8,046
10,483
11,986
3,292
6,557
3,306
11,442
12,625
3,767
12,616
5,799
3,852
3,251
9,968
8,020
6,862
13,057
23,980
2,799
7,854
4,846
3,822
3,093
2,945
4,122
25,635
2,599
6,120
10,038
22,346
4,776
18,615
7,092
7,765
3,329
19,097
3,147
53,147
3,583
10,175
1,685
8,261
35,954
2,896
6,345
237,784
7,719
13,114
3,509
63,030
4,957
3,001
4,583
17,152
3,262
47,972
5,174
4,802
4,390
5,117
4,051
2,947
4,485
2007p
256,943
3,850
2,205
2,878
13,608
28,670
4,821
3,954
15,465
114,466
22,457
176,109
4,392
4,423
3,075
9,012
18,668
4,913
3,895
3,625
6,634
2,719
19,510
8,505
11,092
12,325
3,484
7,112
3,573
12,336
13,590
4,066
12,757
6,054
4,060
3,449
10,628
8,458
7,134
13,676
25,513
2,941
8,296
5,183
4,051
3,276
3,203
4,573
26,420
2,715
6,525
10,585
23,621
5,101
19,837
8,425
8,120
3,607
20,131
3,348
56,650
3,769
10,642
1,800
8,499
38,003
3,099
7,033
260,213
8,145
13,951
3,788
66,073
5,303
3,185
4,727
18,082
3,412
50,637
5,579
4,947
4,617
5,394
4,274
3,136
4,736
2007"
2006
8.0
4.2
3.8
1.6
5.9
4.3
5.0
4.1
2005
7.6
4.8
5.0
4.1
6.2
3.0
6.1
6.2
6.6
5.3
7.3
7.0
2.3
6.5
5.7
5.4
5.4
7.7
5.6
5.8
7.3
4.4
6.2
6.3
2.8
6.8
5.9
4.4
5.2
5.6
8.4
5.5
8.4
3.9
3.2
5.2
7.7
5.7
5.8
5.7
2.8
8.8
5.9
8.5
6.1
5.6
4.8
6.5
9.9
6.5
7.7
7.8
4.0
6.6
5.5
4.1
6.6
7.5
6.8
5.2
5.4
4.7
6.7
6.6
5.8
5.7
4.4
10.0
4.2
7.2
7.1
4.2
6.3
7.6
6.2
10.0
7.0
7.1
4.9
4.6
5.2
9.5
6.3
4.4
4.7
6.7
8.6
8.1
7.8
7.6
7.9
1.1
4.4
5.4
6.1
6.6
5.5
4.0
4.7
6.4
5.1
5.6
6.9
6.0
5.9
8.7
10.9
3.1
4.4
6.6
5.5
5.7
6.8
6.6
18.8
4.6
8.3
5.4
6.4
6.6
5.2
4.6
6.8
2.9
5.7
7.0
19.9
9.7
5.7
7.7
8.4
10.8
6.0
6.3
4.8
7.0
6.6
6.1
2.9
3.1
5.4
4.6
5.6
7.8
3.0
5.2
5.4
5.5
6.4
5.6
6.1
4.2
8.3
5.7
7.8
4.1
5.3
4.7
6.2
5.3
9.4
5.5
6.4
8.0
Rank in
United States
Dollars
38,089
26,984
24,719
25,492
32,405
31,739
29,401
32,649
28,329
42,476
37,650
37,204
28,701
27,881
30,462
29,515
34,775
28,519
22,074
29,500
31,826
27,567
24,081
27,520
29,209
32,612
32,001
33,108
24,675
31,110
28,694
28,008
27,602
27,641
25,741
31,745
33,886
26,376
35,023
30,813
26,052
26,071
29,663
27,458
28,282
25,797
28,992
28,917
31,966
29,647
25,183
32,503
31,138
27,030
29,715
25,101
29,071
21,609
34,992
26,329
42,782
24,800
27,034
21,844
30,995
37,343
28,592
26,764
40,734
25,652
32,949
28,879
36,160
32,706
28,088
27,370
30,977
28,260
35,439
30,619
28,467
29,363
25,709
26,347
24,640
25,647
2006
39,924
27,720
25,700
26,008
34,236
33,195
30,683
34,133
29,615
44,691
39,418
38,119
30,147
28,616
31,959
31,152
36,693
29,837
22,769
31,524
32,723
29,320
24,977
28,767
30,825
34,378
34,722
34,639
27,155
32,817
29,807
29,879
28,803
29,328
27,025
32,923
35,397
27,985
37,497
32,127
27,081
27,194
30,971
28,110
29,799
27,417
30,093
30,746
33,172
31,740
26,002
33,627
32,539
28,280
30,998
31,171
30,289
22,771
36,395
27,120
44,835
26,469
28,500
23,510
32,122
39,653
30,400
31,562
43,174
27,145
34,689
30,396
37,735
34,272
29,857
28,100
32,287
29,066
37,519
31,942
30,356
30,325
26,735
27,733
25,705
26,601
2007p
41,813
28,723
27,153
27,209
36,176
34,314
32,293
36,365
30,905
46,439
41,085
39,419
31,485
29,047
33,290
32,853
38,923
31,134
24,065
32,476
33,517
30,891
26,556
30,472
32,281
35,243
35,744
36,961
29,183
35,353
31,191
31,903
29,347
30,463
28,362
34,793
36,956
29,198
39,309
33,351
28,369
28,492
32,268
28,764
31,428
28,838
32,783
32,876
34,014
33,195
26,771
35,151
33,817
29,573
32,317
36,390
31,087
24,226
38,064
28,478
47,641
27,283
29,522
25,066
32,788
41,964
32,161
34,966
46,235
28,676
36,084
31,728
38,980
36,069
31,518
28,996
33,858
30,283
38,927
34,282
30,990
31,690
27,867
29,477
26,937
27,652
2007p
Percent change from
preceding period
2006
43
311
336
335
116
156
211
113
245
21
48
62
231
299
181
195
73
238
356
206
174
246
344
262
212
129
121
102
296
128
236
221
291
264
319
144
103
295
64
179
318
315
213
308
233
306
199
194
164
185
341
134
169
283
208
112
239
354
82
316
17
332
285
351
198
40
217
141
2007p
4.8
2.7
4.0
2.0
5.7
4.6
4.4
4.5
4.5
5.2
4.7
2.5
5.0
2.6
4.9
5.5
5.5
4.6
3.1
6.9
2.8
6.4
3.7
4.5
5.5
5.4
8.5
4.6
10.1
5.5
3.9
6.7
4.4
6.1
5.0
3.7
4.5
6.1
7.1
4.3
3.9
4.3
4.4
2.4
5.4
6.3
3.8
6.3
3.8
7.1
3.3
3.5
4.5
4.6
4.3
24.2
4.2
5.4
4.0
3.0
4.8
6.7
5.4
7.6
3.6
6.2
6.3
17.9
22
6.0
313
117
223
70
119
229
302
167
269
72
157
243
225
325
286
338
329
5.8
5.3
5.3
4.4
4.8
6.3
2.7
4.2
2.9
5.9
4.3
4.7
3.6
5.7
4.6
5.7
3.4
5.2
6.5
4.4
3.9
4.2
3.4
4.4
1.5
4.2
5.5
6.1
4.3
5.7
3.0
2.4
5.4
6.3
5.9
4.7
2.5
2.9
6.7
7.5
7.7
4.6
6.8
1.9
3.9
4.9
5.7
4.4
4.3
4.8
3.8
4.8
4.8
4.2
2.3
5.5
5.2
8.9
6.9
2.5
4.6
3.0
4.5
3.9
4.6
4.3
16.7
2.6
6.4
4.6
5.0
6.3
3.1
3.6
6.6
2.1
5.8
5.8
10.8
7.1
5.6
4.0
4.4
3.3
5.2
5.6
3.2
4.9
4.2
3.8
7.3
6.6
2.1
3.3
4.0
5.3
4.3
3.7
4.5
4.2
6.3
4.8
4.0
D-76
Regional Data
February 2009
Table J.1. Personal Income and Per Capita Personal income by Metropolitan Area, 2005-2007—Continues
Per capita personal income'
Personal income
2005
Kalamazoo-Portage, Ml...............................................
Kankakee-Bradley, IL...................................................
Kansas City, MO-KS....................................................
Kennewick-Pasco-Richland, W A..................................
Killeen-Temple-Fort Hood, TX......................................
Kingsport-Bri stol-Bristoi, TN-VA...................................
Kingston, N Y ...............................................................
Knoxville, T N ...............................................................
Kokomo, IN
............................................................
La Crosse, WI-MN
Lafayette, IN
Lafayette, LA ,,
Lake Charles, LA
Lake Havasu City-Kingman, A Z ...................................
Lakeland-Winter Haven, FL..........................................
Lancaster, PA...
Lansing-East Lansing, Ml.............................................
Laredo, TX.......
Las Cruces, NM
Las Vegas-Paradise, NV..............................................
Lawrence, KS...
Lawton, OK
Lebanon, PA....
Lewiston, ID-WA
Lewiston-Auburn, ME
Lexington-Fayette, KY ..................................................
Lima, O H.....................................................................
Lincoln, NE..................................................................
Little Rock-North Little Rock-Conway, AR ....................
Logan, UT-ID...............................................................
Longview, TX...............................................................
Longview, WA..............................................................
Los Angeles-Long Beach-Santa Ana, CA....................
Louisville-Jefferson County, KY-IN................................
Lubbock, T X ................................................................
Lynchburg, VA.............................................................
Macon, GA
Madera, CA
Madison, Wl
Manchester-Nashua, NH.............................................
Mansfield, OH
McAllen-Edinburg-Mission, TX.....................................
Medford, OR
Memphis, TN-MS-AR...................................................
Merced, C A .................................................................
Miami-Fort Lauderdale-Pompano Beach, FL...............
Michigan City-La Porte, IN ..........................................
Midland, TX.................................................................
Milwaukee-Waukesha-West Allis, W l...........................
Minneapolis-St. Paul-Bloomington, MN-WI..................
Missoula, MT...............................................................
Mobile, A L ...................................................................
Modesto, CA
Monroe, LA
Monroe, Ml
Montgomei y, AL
Morgantown, WV
Morristown, TN
Mount Vernon-Anacortes, WA......................................
Muncie, IN...................................................................
Muskegon-Norton Shores, M l......................................
Myrtle Beach-North Myrtle Beach-Conway, SC ...........
Napa, CA.....................................................................
Naples-Marco Island, FL..............................................
Nashville-Davidson-Murfreesboro-Franklin, T N ...........
New Haven-Milford, C T ................................................
New Orleans-Metairie-Kenner, LA................................
New York-Northern New Jersey-Long Island, NY-NJ-PA
Niles-Benton Harbor, M l...............................................
Norwich-New London, CT............................................
Ocala, FL ......
Ocean City, NJ.
Odessa, TX ...
Ogden-Clearfield, UT
Oklahoma City, OK
Olympia, WA................................................................
Omaha-Council Bluffs, NE-IA.......................................
Orlando-Kissimmee, FL................................................
Oshkosh-Neenah, W l..................................................
Owensboro, KY...........................................................
Oxnard-Thousand Oaks-Ventura, CA...........................
See the footnotes at the end of the table.
Percent change from
preceding period 2
Millions of dollars
Area
9,814
2,896
69,531
6,214
10,544
8,058
5,514
20,212
3,074
3,887
5,043
7,772
4,535
4,140
15,961
15,868
13,772
4,295
4,406
63,041
3,085
3,141
3,912
1,639
3,145
14,693
2,928
9,276
21,495
2,559
5,964
2,497
482,011
41,296
7,208
6,748
6,726
3,152
20,709
15,682
3,398
11,211
5,861
42,718
5,491
206,523
2,950
5,141
57,351
133,237
3,077
10,043
13,527
4,687
4,728
11,176
3,274
3,161
3,587
3,097
4,461
6,113
5,903
16,617
52,295
33,127
26,102
866,981
4,706
10,403
8,366
3,852
3,252
13,846
38,449
7,785
30,732
61,757
5,211
3,109
32,303
2006
2007p
10,281
3,027
73,692
6,428
11,648
8,515
5,966
21,537
3,196
4,107
5,249
8,723
5,777
4,513
17,309
16,572
14,546
4,580
4,712
68,032
3,280
3,491
4,109
1,737
3,240
15,643
3,032
9,776
23,055
2,684
6,491
2,647
513,123
43,935
7,643
7,134
7,044
3,250
21,963
16,593
3,485
12,003
6,256
45,108
5,615
220,610
3,077
10,745
3,213
78,229
6,944
12,845
8,925
6,302
22,765
3,318
4,332
5,554
9,453
6,420
4,742
18,058
17,529
15,009
4,920
5,039
73,138
3,472
3,685
4,382
1,846
3,433
16,656
3,142
10,363
25,180
2,927
7,031
2,818
539,163
46,481
8,086
7,482
7,279
3,476
23,158
17,508
3,549
13,017
6,607
47,614
5,859
232,772
3,236
6,610
63,873
149,048
3,479
11,538
14,903
5,093
5,095
12,565
3,722
3,425
4,146
3,321
4,750
7,042
6,737
19,515
59,397
37,049
47,591
1,005,205
5,207
11,387
9,555
4,169
4,119
16,078
44,599
9,019
34,836
69,584
5,809
3,404
35,868
6,011
60,906
140,320
3,282
11,001
14,097
4,920
4,986
11,971
3,510
3,307
3,873
3,208
4,628
6,667
6,242
17,990
56,135
34,964
39,829
935,178
4,949
10,809
9,119
4,009
3,671
14,938
41,907
8,371
32,917
66,129
5,457
3,255
33,940
2007p
2006
4.8
4.5
6.0
3.4
10.5
5.7
8.2
6.6
4.0
5.7
4.1
12.2
27.4
9.0
8.4
4.4
5.6
6.6
7.0
7.9
6.3
11.2
5.0
4.5
6.1
6.2
8.0
10.3
4.8
5.6
5.7
3.8
5.5
5.8
8.4
11.1
5.1
4.3
5.8
3.2
7.4
6.9
7.5
5.9
5.6
6.7
6.0
6.2
3.0
6.5
3.6
5.4
7.3
4.9
5.9
6.5
3.6
8.8
6.0
6.5
6.4
6.0
5.7
4.7
3.1
6.1
5.8
6.0
9.2
9.0
8.3
6.5
5.1
5.8
5.8
4.9
3.3
7.0
5.4
5.5
2.6
1.8
7.1
6.7
5.6
2.3
8.4
5.6
5.6
4.3
5.5
5.2
6.8
4.3
16.9
10.0
6.2
4.9
5.3
6.2
6.0
6.6
9.5
4.2
5.0
5.5
7.1
7.2
4.6
8.0
3.6
3.7
9.1
5.7
8.3
7.3
5.5
52.6
7.9
5.2
3.9
9.0
4.1
12.9
7.9
9.0
7.5
7.1
7.1
4.7
4.7
5.1
4.9
5.7
3.5
2.2
5.0
6.0
3.6
7.0
3.5
2.6
5.6
7.9
8.5
5.8
6.0
19.5
7.5
5.2
5.3
4.8
4.0
12.2
7.6
6.4
7.7
5.8
5.2
6.5
4.6
5.7
Rank in
United States
Dollars
2005
30,581
26,840
35,839
28,387
29,734
26,830
30,367
30,713
30,545
30,050
27,084
31,408
23,363
22,345
29,625
32,422
30,123
19,342
23,216
36,893
27,659
28,055
31,311
27,781
29,483
33,922
27,719
32,526
33,289
21,906
29,862
25,914
37,441
34,162
27,529
28,556
29,522
22,429
38,281
39,287
26,749
16,738
30,133
34,052
22,995
38,342
27,005
42,615
37,361
42,457
30,101
25,211
26,995
27,405
31,029
31,356
28,203
24,312
31,962
26,535
25,626
26,745
45,223
54,166
36,056
39,354
19,926
46,221
29,361
39,181
27,720
39,059
26,115
28,148
33,243
34,204
37,869
31,828
32,572
28,046
40,845
2006
31,896
27,718
37,566
28,735
32,575
28,222
32,811
32,132
31,949
31,594
27,724
34,250
30,224
23,548
31,018
33,556
31,848
20,127
24,293
38,281
29,137
31,065
32,495
29,152
30,275
35,487
28,793
33,887
35,070
22,663
32,178
26,781
39,880
36,000
28,834
29,661
30,757
22,580
40,088
41,368
27,575
17,409
31,785
35,470
23,182
40,737
28,158
48,644
39,536
44,237
31,535
27,360
27,811
28,511
32,521
32,987
30,011
25,019
33,825
27,735
26,560
27,809
47,491
57,446
37,758
41,454
40,211
49,789
31,017
40,300
29,012
41,068
28,989
29,650
35,637
35,903
40,106
33,092
33,874
29,226
42,746
2007p
33,239
29,024
39,402
30,325
34,717
29,388
34,653
33,402
33,230
33,091
28,901
36,853
33,448
24,324
31,418
35,165
32,883
21,103
25,351
39,828
30,594
32,380
34,268
30,740
32,139
37,247
29,857
35,463
37,785
24,170
34,529
28,046
41,875
37,675
30,261
30,719
31,670
23,726
41,679
43,518
28,241
18,320
33,150
37,183
23,864
43,001
29,474
52,294
41,358
46,458
32,933
28,531
29,149
29,561
33,167
34,333
31,601
25,446
35,618
28,772
27,240
28,177
50,817
61,788
39,040
43,820
46,188
53,423
32,626
42,586
29,412
43,232
31,788
31,017
37,385
37,809
41,976
34,236
35,825
30,361
44,927
2007”
Percent change from
preceding period
2007p
2006
183
300
63
266
146
290
150
178
184
188
304
107
177
353
234
132
193
361
350
59
258
207
159
251
218
95
277
127
86
355
151
323
42
87
270
253
227
358
44
35
320
363
187
98
357
37
287
11
45
20
192
314
297
284
186
155
228
348
124
307
334
322
12
2
68
33
23
8
200
4.3
3.3
4.8
1.2
9.6
5.2
8.0
4.6
4.6
5.1
2.4
9.0
29.4
5.4
4.7
3.5
5.7
4.1
4.6
3.8
5.3
10.7
3.8
4.9
2.7
4.6
3.9
4.2
5.4
3.5
7.8
3.3
6.5
5.4
4.7
3.9
4.2
0.7
4.7
5.3
3.1
4.0
5.5
4.2
0.8
6.2
4.3
14.1
5.8
4.2
4.8
8.5
3.0
4.0
4.8
5.2
6.4
2.9
5.8
4.5
3.6
4.0
5.0
6.1
4.7
5.3
101.8
38
288
36
7.7
5.6
2.9
4.7
5.1
222
11.0
241
92
84
39
160
5.3
7.2
5.0
5.9
4.0
4.0
4.2
4.7
120
265
29
4.2
4.7
4.9
5.5
6.6
4.1
5.6
4.0
4.0
4.7
4.2
7.6
10.7
3.3
1.3
4.8
3.2
4.8
4.4
4.0
5.0
4.2
5.5
5.4
6.2
5.0
3.7
4.7
7.7
6.6
7.3
4.7
5.0
4.7
4.9
3.6
3.0
5.1
4.0
5.2
2.4
5.2
4.3
4.8
2.9
5.6
4.7
7.5
4.6
5.0
4.4
4.3
4.8
3.7
2.0
4.1
5.3
1.7
5.3
3.7
2.6
1.3
7.0
7.6
3.4
5.7
14.9
7.3
5.2
5.7
1.4
5.3
9.7
4.6
4.9
5.3
4.7
3.5
5.8
3.9
5.1
February 2009
D-77
S u r v e y o f C u r r e n t B u sin e ss
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2005-2007—Continues
Per capita personal income1
Personal income
Area
Palm Bay-Melboume-Titusville, F L .............................
Palm Coast, FL............................................................
Panama City-Lynn Haven, FL......................................
Parkersburg-Marietta-Vienna, WV-OH........................
Pascagoula, MS..........................................................
Pensacola-Ferry Pass-Brent, FL.................................
Peoria, IL.....................................................................
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Phoenix-Mesa-Scottsdale, AZ.....................................
Pine Bluff, AR..............................................................
Pittsburgh, RA..............................................................
Pittsfield, M A...............................................................
Pocatello, ID................................................................
Portland-South Portiand-Biddeford, ME.......................
Portland-Vancouver-Beaverton, OR-WA......................
Port St. Lucie, FL.........................................................
Poughkeepsie-Newburgh-Middletown, NY...................
Prescott, A Z ................................................................
Providence-New Bedford-Fall River, RI-MA.................
Provo-Orem, UT..........................................................
Pueblo, CO..................................................................
Punta Gorda, FL..........................................................
Racine, Wl...................................................................
Raleigh-Cary, NC
Rapid City, SD
Reading, RA
Redding, CA
Reno-Sparks, NV
Richmond, VA
Riverside-San Bernardino-Ontario, CA........................
Roanoke, VA...............................................................
Rochester, MN
Rochester, NY
Rockford, IL
Rocky Mount, NC
Rome, G A...................................................................
Sacramento-Arden-Arcade-Roseville, CA....................
Saginaw-Saginaw Township North, Ml.........................
St. Cloud, MN..............................................................
St. George, UT
St. Joseph, MO-KS
St. Louis, MO-IL
Salem, OR
Salinas, CA
Salisbury, MD
Salt Lake City, UT
San Angelo, TX...........................................................
San Antonio, TX..........................................................
San Diego-Carlsbad-San Marcos, C A .........................
Sandusky, O H .................
San Francisco-Oakland-Fremont, C A ..........................
San Jose-Sunnyvale-Santa Clara, CA.........................
San Luis Obispo-Paso Robles, CA..............................
Santa Barbara-Santa Maria-Goleta, CA.......................
Santa Cruz-Watsonville, CA
Santa Fe, NM..................
Santa Rosa-Petaluma, CA
Savannah, GA.................
Scranton-Wilkes-Barre, PA
Seattle-Tacoma-Bellevue, WA
Sebastian-Vero Beach, FL
Sheboygan, W l............................................................
Sherman-Denison, T X ................................................
Shreveport-Bossier City, LA
Sioux City, IA-NE-SD.,
Sioux Falls, SD................
South Bend-Mishawaka, IN-MI
Spartanburg, SC.............
Spokane, W A..................
Springfield, IL..................
Springfield, MA............................................................
Springfield, MO
Springfield, OH
State College, PA
Stockton, CA
Sumter, SC
Syracuse, NY
See the footnotes at the end of the table.
Percent change from
preceding periodz
Millions of dollars
2005
2006
17,023
2,148
4,909
4,309
3,919
12,580
12,319
237,201
126,848
2,433
85,876
4,797
18,130
2,391
5,267
4,555
4,214
13,482
13,237
251,979
138,465
2,554
91,101
5,049
2,100
2,221
18,124
73,087
13,580
22,649
5,033
57,029
9,801
3,816
4,736
6,475
34,010
3,814
12,449
5,155
16,669
43,550
104,067
9,437
6,504
35,424
9,618
3,886
2,705
71,974
5,630
5,215
2,784
3,208
99,882
10,327
14,772
3,250
35,098
3,045
58,722
118,793
2,582
224,702
89,926
8,768
16,500
10,519
5,516
18,926
10,290
16,724
135,770
6,387
3,850
3,015
11,659
4,155
7,578
10,027
7,221
12,573
6,787
18,938
78,618
14,744
24,096
5,538
59,425
10,669
4,009
5,129
6,853
37,242
3,990
13,331
5,491
17,834
45,699
111,596
9,921
6,858
37,300
10,189
4,058
2,827
76,481
5,851
5,476
3,087
3,426
105,191
11,057
15,586
3,399
37,883
3,195
63,546
126,194
2,659
240,484
97,685
9,334
17,490
11,322
5,977
20,038
22,210
11,165
3,988
4,069
17,257
2,603
20,374
11,112
17,558
148,015
7,002
4,036
3,231
12,367
4,325
7,983
10,459
7,628
13,541
7,075
23,103
11,710
4,161
4,313
18,125
2,732
21,465
2007p
18,854
2,552
5,459
4,770
5,016
14,079
14,032
264,937
146,322
2,686
96,463
5,308
2,355
19,954
83,765
15,945
25,538
5,933
62,221
11,701
4,290
5,372
7,193
40,488
4,221
14,125
5,846
19,174
48,243
117,297
10,368
7,265
39,229
10,747
4,266
2,941
80,654
5,927
5,798
3,338
3,665
111,032
11,727
16,559
3,591
41,381
3,349
68,239
133,369
2,721
257,854
105,902
9,942
18,642
12,065
6,466
21,255
11,882
18,517
160,501
7,666
4,261
3,453
12,984
4,647
8,508
10,903
8,100
14,469
7,485
24,314
12,423
4,280
4,549
19,286
2,836
22,712
2007p
2006
6.5
11.3
7.3
5.7
7.5
7.2
7.5
4.0
6.7
3.6
4.7
19.0
4.4
6.2
5.1
5.7
5.2
5.9
5.1
9.2
5.0
6.1
5.3
5.8
4.5
7.6
8.6
6.4
10.0
4.2
8.9
5.1
8.3
5.8
9.5
4.6
7.1
6.5
7.0
4.9
7.2
5.1
5.4
5.3
5.9
4.4
4.5
6.3
3.9
5.0
10.9
6.8
5.3
7.1
5.5
4.6
7.9
4.9
8.2
6.2
3.0
7.0
8.6
6.5
6.0
7.6
8.4
5.9
8.0
5.0
9.0
9.6
4.8
7.1
6.1
4.1
5.3
4.3
5.6
7.7
4.3
4.0
4.9
4.3
6.0
5.0
4.9
5.4
6.0
6.0
5.4
6.5
8.1
6.0
7.1
4.7
9.7
7.0
4.7
5.0
8.7
5.8
6.0
6.5
7.5
5.6
5.1
4.5
5.9
5.2
5.5
5.1
4.0
5.5
1.3
5.9
8.1
7.0
5.6
6.1
6.2
5.6
9.2
4.8
7.4
5.7
2.3
7.2
8.4
6.5
6.6
6.6
8.2
6.1
6.9
5.5
8.4
9.5
5.6
6.9
5.0
7.4
6.6
4.2
6.2
6.9
5.8
5.2
6.1
2.9
5.5
6.4
3.8
5.8
Rank in
United States
Dollars
2005
32,314
28,474
30,378
26,643
25,248
28,267
33,540
40,948
32,660
23,456
36,159
36,614
24,358
35,425
34,921
36,086
34,164
25,460
35,412
21,127
25,438
30,886
33,404
35,585
32,287
31,617
29,010
42,219
37,082
26,818
32,308
36,886
34,294
28,311
27,004
28,705
35,318
27,246
28,741
23,353
26,345
35,991
27,699
36,137
28,016
33,469
28,519
31,189
40,383
33,171
54,191
51,277
33,959
40,968
42,017
39,522
40,821
32,730
30,476
42,356
50,369
33,861
26,046
30,543
29,444
35,276
31,741
27,179
28,544
33,083
32,475
27,860
28,157
28,696
26,239
24,831
31,445
2006
34,081
29,001
32,081
28,285
28,156
29,880
35,887
43,364
34,215
24,838
38,550
38,774
25,490
37,000
36,845
37,937
36,164
26,786
37,040
22,187
26,363
33,510
35,209
37,221
33,498
33,432
30,762
44,337
38,233
27,936
33,693
38,341
36,179
29,502
28,071
29,730
37,078
28,550
29,864
24,248
28,032
37,652
29,107
38,373
28,737
35,145
29,680
32,810
42,801
34,292
57,747
55,020
35,872
43,510
45,194
42,363
43,318
34,563
32,002
45,369
54,045
35,419
27,591
31,941
30,450
36,017
33,082
28,261
30,266
34,365
33,815
28,518
29,463
29,910
27,272
26,242
33,198
2007p
35,164
28,866
33,290
29,691
32,992
31,048
37,801
45,460
35,010
26,469
40,949
40,898
26,881
38,889
38,511
39,850
38,121
27,900
38,868
23,720
27,760
35,151
36,869
38,648
35,091
35,140
32,582
46,734
39,773
28,740
34,963
40,118
38,068
30,507
29,299
30,754
38,570
29,304
31,248
24,951
29,719
39,602
30,324
40,623
30,020
37,620
30,983
34,279
44,832
35,187
61,337
58,716
37,884
46,120
47,923
45,230
45,766
36,078
33,703
48,499
58,144
37,209
29,096
33,500
32,542
37,453
34,432
29,396
31,718
36,229
35,617
29,577
30,471
31,445
28,743
27,283
35,196
2007p
133
305
181
279
191
240
85
26
140
345
50
52
339
74
78
58
80
324
75
359
326
134
106
76
139
136
Percent change from
preceding period
2007p
2006
5.5
1.9
5.6
6.2
11.5
5.7
7.0
5.9
4.8
5.9
6.6
5.9
4.6
4.4
5.5
5.1
5.9
5.2
4.6
5.0
3.6
8.5
5.4
4.6
3.8
5.7
201
6.0
19
60
310
142
56
81
260
293
250
77
292
235
352
278
61
267
53
274
89
244
158
30
131
3
4
83
24
16
27
25
118
172
13
5
97
298
175
203
91
153
289
224
114
125
282
263
232
309
332
130
5.0
3.1
4.2
4.3
3.9
5.5
4.2
4.0
3.6
5.0
4.8
3.9
3.8
6.4
4.6
5.1
6.2
2.6
5.0
4.1
5.2
6.0
3.2
-0.5
3.8
5.0
17.2
3.9
5.3
4.8
2.3
6.6
6.2
5.5
5.5
5.1
4.5
5.0
5.4
4.2
4.9
6.9
5.3
4.9
4.7
3.8
4.8
5.1
5.9
5.4
4.0
2.9
3.8
4.6
5.2
3.4
4.4
3.4
4.0
2.6
4.6
2.9
6.0
5.2
4.2
5.9
4.5
7.0
4.4
4.5
4.7
6.6
2.6
6.2
7.3
5.6
6.7
5.6
6.2
6.0
6.0
6.8
3.4
7.6
7.2
6.1
5.6
5.0
7.1
7.3
4.6
5.9
4.6
3.4
2.1
4.2
4.0
6.0
3.9
4.1
2.4
4.6
4.2
3.9
5.7
5.6
5.7
4.4
5.3
6.9
7.6
5.1
5.5
4.9
6.9
4.0
4.1
4.0
4.8
5.4
5.3
3.7
3.4
5.1
5.4
4.0
6.0
D-78
Regional Data
February 2009
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2005-2007— Table Ends
Per capita personal income1
Personal income
Area
Millions of dollars
2005
Tallahassee, FL...........................................................
Tampa-St. Petersburg-Clearwater, FL..........................
Terre Haute, IN............................................................
Texarkana, TX-Texarkana, AR......................................
Toledo, OH.......
Topeka, KS......
Trenton-Ewing, NJ
Tucson, A Z ......
Tulsa, OK.........
Tuscaloosa, AL.
Tyler, T X ..........
Utica-Rome, NY
Valdosta, G A ....
Vallejo-Fairfield, CA.....................................................
Victoria, TX..................................................................
Vineland-Millville-Bridgeton, N J...................................
Virginia Beach-Norfolk-Newport News, VA-NC............
Visalia-Porterville, CA..................................................
Waco, TX.....................................................................
Warner Robins, G A.....................................................
Washington-Arlington-Alexandria, DC-VA-MD-WV......
Waterloo-Cedar Falls, IA .............................................
Wausau, W l.................................................................
Weirton-Steubenville, WV-OH......................................
Wenatchee, WA...........................................................
Wheeling, WV-OH.......................................................
Wichita, KS..................................................................
Wichita Falls, TX..........................................................
Williamsport, PA..........................................................
Wilmington, NC...........................................................
Winchester, VA-WV......................................................
Winston-Salem, NC......................................................
Worcester, MA.............................................................
Yakima, W A.................................................................
York-Hanover, PA.........................................................
Youngstown-Warren-Boardman, OH-PA.......................
Yuba City, CA...............................................................
Yuma, AZ.....................................................................
Percent change from
preceding period 2
10,209
89,013
4,323
3,601
20,184
6,903
16,631
27,496
31,043
5,782
6,070
8,086
3,102
13,654
3,295
4,176
54,862
9,615
6,081
3,590
258,222
4,958
4,109
3,258
2,864
4,097
20,170
4,461
3,213
9,380
3,460
14,599
28,498
5,753
13,162
16,234
4,004
3,807
2006
10,840
95,750
4,524
3,836
21,021
7,212
18,177
29,807
34,131
6,214
6,539
8,553
3,258
14,322
3,567
4,446
57,899
9,994
6,411
3,781
272,861
5,214
4,317
3,388
3,082
4,284
22,081
4,880
3,345
10,178
3,670
15,613
30,206
6,120
13,708
16,972
4,234
4,075
2007p
11,463
100,507
4,774
4,128
21,940
7,700
19,145
31,728
36,436
6,577
6,982
9,059
3,460
15,192
3,807
4,618
60,862
10,697
6,840
3,971
287,676
5,527
4,564
3,558
3,303
4,482
23,387
5,152
3,518
10,969
3,818
16,519
32,096
6,455
14,458
17,529
4,499
4,339
p Preliminary
1. Per capita personal income was computed using Census Bureau midyear population estimates.
2. Percent change calculated from unrounded data.
3. The metropolitan area definitions used by BEA for its personal income estimates are the new county-
2006
2007p
6.2
7.6
4.6
6.5
4.1
4.5
9.3
8.4
9.9
7.5
7.7
5.8
5.0
4.9
8.3
6.5
5.5
3.9
5.4
5.3
5.7
5.2
5.1
4.0
7.6
4.6
9.5
9.4
4.1
8.5
6.1
6.9
6.0
6.4
4.2
4.5
5.7
7.0
5.7
5.0
5.5
7.6
4.4
6.8
5.3
6.4
6.8
5.8
6.8
5.9
6.2
6.1
6.7
3.9
5.1
7.0
6.7
5.0
5.4
6.0
5.7
5.0
7.2
4.6
5.9
5.6
5.2
7.8
4.0
5.8
6.3
5.5
5.5
3.3
6.3
6.5
Rank in
United States
Dollars
2005
29,834
33,678
25,518
27,202
30,811
30,375
45,740
29,658
35,180
29,143
31,892
27,363
24,581
33,445
29,323
27,378
33,259
23,654
27,091
28,507
49,442
30,514
32,148
25,982
27,671
27,764
34,491
29,760
27,285
29,620
29,847
32,680
36,666
25,141
32,377
27,927
25,827
21,081
2006
31,180
35,541
26,695
28,650
32,209
31,679
49,847
31,418
38,219
30,660
33,569
29,013
25,381
35,074
31,649
28,834
34,858
24,153
28,340
29,525
51,868
31,949
33,444
27,335
29,267
29,253
37,471
32,653
28,502
30,918
30,849
34,311
38,748
26,510
33,071
29,434
26,391
21,925
2007"
32,536
36,898
28,193
30,756
33,704
33,670
52,388
32,807
40,227
32,051
35,140
30,722
26,582
37,180
33,450
29,689
36,692
25,376
29,984
30,308
54,211
33,839
35,121
29,024
30,817
30,814
39,210
34,779
30,115
32,309
31,506
35,666
41,077
27,697
34,339
30,714
27,412
22,772
2007p
Percent change from
preceding period
2006
204
104
321
249
171
173
10
197
55
219
136
252
343
99
176
280
108
349
275
268
6
168
138
300
247
248
67
145
272
209
230
123
49
328
154
254
330
360
2007p
4.5
5.5
4.6
5.3
4.5
4.3
9.0
5.9
8.6
5.2
5.3
6.0
3.3
4.9
7.9
5.3
4.8
2.1
4.6
3.6
4.9
4.7
4.0
5.2
5.8
5.4
8.6
9.7
4.5
4.4
3.4
5.0
5.7
5.4
2.1
5.4
2.2
4.0
4.3
3.8
5.6
7.4
4.6
6.3
5.1
4.4
5.3
4.5
4.7
5.9
4.7
6.0
5.7
3.0
5.3
5.1
5.8
2.7
4.5
5.9
5.0
6.2
5.3
5.3
4.6
6.5
5.7
4.5
2.1
3.9
6.0
4.5
3.8
4.3
3.9
3.9
based definitions issued by the Office of Management and Budget in June 2003 (with revisions released
February 2004, March 2005, December 2005, December 2006, and November 2 0 0 7 ) for federal statistical
purposes.
Source: Table 1 “Personal Income for Metropolitan Areas for 2007” in the September 2008 S urvey o f C urren t
B usiness .
February 2009
D-79
S u r v e y o f C u r r e n t B u sin e ss
Table J.2. Gross Domestic Product (GOP) by Metropolitan Area for Industries, 2006—Continues
[Millions of Dollars]
Metropolitan area
U.S. metropolitan portion........................................
Abilene, TX.............................................................
Akron, OH...............................................................
Albany, GA..............................................................
Albany-Schenectady-Troy, NY.................................
Albuquerque, NM....................................................
Alexandria, LA........................................................
Allentown-Bethlehem-Easton, PA-NJ......................
Altoona, PA.............................................................
Amarillo, TX............................................................
Ames, IA.................................................................
Anchorage, A K .......................................................
Anderson, IN
Anderson, SC
Ann Arbor, Ml
Anniston-Oxford, A L...............................................
Appleton, Wl
Asheville, NC
Athens-Clarke County, GA......................................
Atlanta-Sandy Springs-Marietta, GA.......................
Atlantic City-Hammonton, N J.................................
Auburn-Opelika, A L................................................
Augusta-Richmond County, GA-SC.........................
Austin-Round Rock, TX..........................................
Bakersfield, CA.......................................................
Baltimore-Towson, M D...........................................
Bangor, ME.
Barnstable Town, MA..............................................
Baton Rouge, LA
Battle Creek, Ml
Bay City, Ml.
Beaumont-Port Arthur, TX......................................
Bellingham, WA
Bend, OR....
Billings, MT.
Binghamton, NY
Birmingham-Hoover, A L.........................................
Bismarck, ND
Blacksburg-Christiansburg-Radford, VA..................
Bloomington, IN..............'.......................................
Bloomington-Normal, IL..........................................
Boise City-Nampa, ID.............................................
Boston-Cambridge-Quincy, MA-NH.........................
Boulder, CO............................................................
Bowling Green, KY.................................................
Bradenton-Sarasota-Venice, FL.............................
Bremerton-Silverdale, WA......................................
Bridgeport-Stamford-Norwalk, CT...........................
Brownsville-Harlingen, TX......................................
Brunswick, GA........................................................
Buffalo-Niagara Falls, NY.......................................
Burlington, NC........................................................
Burlington-South Burlington, VT..............................
Canton-Massillon, O H............................................
Cape Coral-Fort Myers, FL.....................................
Carson City, NV......................................................
Casper, W Y............................................................
Cedar Rapids, IA....................................................
Champaign-Urbana, IL...........................................
Charleston, WV......................................................
Charleston-North Charleston-Summerville, SC......
Charlotte-Gastonia-Concord, NC-SC......................
Charlottesville, VA..................................................
Chattanooga, TN-GA..............................................
Cheyenne, W Y .......................................................
Chicago-Naperville-Joliet, IL-IN-WI.........................
Chico, C A ...............................................................
Cincinnati-Middletown, OH-KY-IN............................
Clarksville, TN-KY..................................................
Cleveland, TN.........................................................
Cleveland-Elyria-Mentor, OH..................................
Coeur d’Alene, ID...................................................
College Station-Bryan, TX......................................
Colorado Springs, CO ............................................
Columbia, M O ........................................................
Columbia, SC.........................................................
Columbus, GA-AL...................................................
Columbus, IN..........................................................
Columbus, OH........................................................
Corpus Christi, TX..................................................
Corvallis, OR..........................................................
Cumberland, MD-WV.............................................
Dallas-Fort Worth-Arlington, TX..............................
Dalton, GA..............................................................
Danville, IL..............................................................
Danville, VA............................................................
Davenport-Moline-Rock Island, IA-IL.......................
Dayton, OH.............................................................
Decatur, AL.............................................................
Decatur, IL..............................................................
Deltona-Daytona Beach-Ormond Beach, FL...........
Rank of total
GDP by
metropolitan
area
Total
Natural
Durable Nondurable
resources Con
goods
goods
and
struction manu
manu
mining
facturing facturing
259,662
640
148
124
565,294
208
1,039
743,848
(D)
(D)
(D)
1,629
1,932
246
(D)
(D)
(D)
(D)
(D)
39
78
19
250
187
56
265
352
130
207
11,786,575
4,927
26,179
4,541
35,896
32,864
4,542
27,199
3,831
8,435
3,399
23,577
3,109
4,378
17,799
3,507
8,705
12,740
5,613
257,032
13,252
3,257
16,448
71,176
25,067
125,918
5,034
8,183
36,848
4,649
2,690
13,476
6,714
221
6,011
58
223
206
48
295
261
245
5,980
6,825
51,535
3,954
4,702
5,193
7,276
23,125
275,756
16,263
4,038
24,772
8,115
78,387
6,555
3,134
40,561
4,308
9,567
12,541
21,838
3,013
5,678
11,093
7,269
13,092
24,056
114,147
8,332
19,103
3,948
485,002
5,625
93,370
8,752
3,158
101,605
3,857
5,669
22,296
5,448
28,401
10,026
3,640
85,514
14,352
3,532
2,256
338,493
5,556
2,107
2,694
15,490
33,547
4,826
4,680
11,919
(D)
253
74
273
58
61
272
71
302
182
327
82
342
278
103
316
179
137
229
10
134
333
110
200
84
9
111
290
79
188
34
212
341
55
282
164
141
90
344
224
156
201
135
81
21
184
97
297
3
228
29
177
338
26
300
226
88
235
68
161
308
33
123
315
360
6
231
361
351
116
60
255
262
149
119
111
52
836
53
6,564
31
32
34
28
204
(D)
123
877
66
37
(D)
1,641
6,150
(D)
76
43
842
(D)
23
289
202
60
1,536
(D)
22
122
33
422
541
241
(D)
(D)
(D)
823
158
1,018
3,971
1,461
6,989
228
623
(D)
(D)
(D)
(D)
190
320
108
246
1,368
389
101
221
269
1,622
11,147
594
(D)
64
(D)
1,130
220
255
129
47
672
79
418
(D)
35
307
64
200
1,473
248
492
596
3,101
181
109
239
(D)
(D)
1,203
1,319
(D)
399
255
1,863
197
221
754
206
184
448
452
3,924
291
208
(D)
232
(D)
(D)
553
(D)
(D)
677
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
1,020
29,168
1,694
7,981
190
1,194
132
4,085
373
459
12
3,797
(D)
(D)
(D)
(D)
3,619
420
3,542
610
(D)
2,190
541
(D)
679
104
(D)
3,268
334
311
1,406
274
1,524
(D)
161
15,606
408
144
138
(D)
(D)
184
48
813
(D)
150
177
1,368
174
307
(D)
(D)
245
(D)
256
(D)
(D)
266
90
1,276
(D)
(D)
(D)
(D)
(D)
(D)
828
210
850
1,003
403
1,627
1,117
619
1,039
958
(D)
214
22,897
379
(D)
10,829
2,952
(D)
194
474
306
616
1,579
4,927
458
(D)
380
596
1,677
542
1,169
152
3,108
770
866
(D)
(D)
(D)
(D)
(D)
(D)
1,910
5,698
580
8,158
(D)
(D)
1,492
36
1,613
99
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
442
(D)
229
(D)
(D)
266
472
(D)
44
(D)
258
105
(D)
(D)
(D)
(D)
1,528
(D)
459
(D)
189
(D)
1,338
(D)
100
372
1,300
(D)
33
17,018
64
61
3,302
1,277
73
97
15,922
104
48
(D)
(D)
201
128
526
1,075
243
284
1,037
4,256
(D)
640
574
138
224
65
(D)
(D)
(D)
86
86
22
(D)
(D)
(D)
(D)
1,177
543
538
346
314
2,833
197
(D)
(D)
470
1,882
604
249
798
398
88
518
452
154
1,330
(D)
(D)
165
(D)
520
(D)
101
202
8,773
(D)
307
(D)
(D)
249
506
98
662
790
246
(D)
(D)
(D)
(D)
464
160
39
1,466
397
561
73
(D)
(D)
(D)
(D)
(D)
669
1,284
298
223
80
671
836
1,767
490
810
(D)
361
2,391
362
141
(D)
353
(D)
(D)
(D)
(D)
(D)
144
2,447
(D)
(D)
(D)
690
(D)
1,635
(D)
860
133
(D)
3,362
848
7,954
947
Infor
mation
567,776 573,995
217
(D)
1,417
639
(D)
(D)
(D)
120
1,286
Transpor
tation and
utilities
(D)
(D)
(D)
(D)
(D)
254
(D)
14
83
283
132
561,131 1,452,424
699
(D)
1,861
4,178
151
376
363
69
202
(D)
3,114
Trade
(D)
555
147
2,907
342
(D)
1,563
1,316
96
1,171
105
(D)
61
749
62
33
508
115
300
256
(D)
(D)
170
59
354
4,500
356
4,236
179
248
(D)
68
80
289
155
221
165
212
(D)
132
61
(D)
134
596
15,355
1,682
(D)
785
162
3,457
163
Financial
activities
2,611,051
438
3,441
393
5,595
5,959
398
3,740
339
842
439
3,010
387
466
2,544
229
1,385
2,325
717
58,741
2,176
447
1,419
10,477
2,482
26,720
681
2,194
4,002
474
296
808
1,058
1,854
953
702
(D)
590
448
603
2,410
4,878
73,984
2,282
464
5,161
1,175
30,401
677
404
6,816
691
(D)
(D)
(D)
5,054
587
1,776
125
326
1,096
52
(D)
(D)
(D)
246
1,227
39
55
641
1,998
5,629
710
626
2,287
1,128
(D)
(D)
3,067
351
684
1,352
783
(D)
(D)
11,797
(D)
(D)
385
(D)
831
(D)
(D)
397
12,636
543
(D)
2,216
695
4,202
(D)
313
10,443
(D)
(D)
266
46,192
(D)
353
354
2,258
3,361
537
506
1,719
627
(D)
(D)
1,028
(D)
(D)
(D)
(D)
(D)
5,091
680
5,092
315
444
(D)
1,445
541
26,417
237
4,291
223
97
4,180
140
(D)
539
149
1,790
194
142
5,114
(D)
(D)
170
19,345
271
143
(D)
1,129
2,076
200
596
288
(D)
(D)
124
(D)
(D)
(D)
2,758
114
174
1,107
133
(D)
(D)
45
2,851
316
131
72
22,775
(D)
47
33
342
1,451
69
91
365
(D)
4,390
46,181
1,649
3,154
526
119,093
1,109
18,119
652
411
25,549
877
551
3,131
769
4,815
1,412
385
Pro
fessional
and
business
services
1,490,915
(D)
3,817
359
(D)
4,710
368
3,585
268
644
206
1,716
159
220
2,689
252
705
Education Leisure
Other
and health
and
Government
services
services hospitality
921,354
(D)
2,357
469
3,837
2,530
601
3,382
511
843
193
1,451
353
263
1,379
244
681
(D)
(D)
342
35,973
851
192
635
15,140
1,105
164
(D)
(D)
9,387
1,762
4,469
1,405
12,749
746
936
2,142
439
304
(D)
389
779
3,119
314
295
1,398
444
489
(D)
590
5,018
376
307
365
1,411
3,199
48,281
3,526
383
4,322
563
12,458
402
197
4,615
479
901
785
1,961
188
207
746
542
1,175
(D)
11,363
1,020
517
576
720
780
4,616
(D)
290
488
528
1,823
29,234
1,136
379
2,271
632
4,467
983
213
4,015
470
1,098
1,481
1,340
181
306
854
(D)
1,202
1,610
4,435
(D)
(D)
22,000
1,212
1,832
208
75,926
395
14,200
442
285
11,999
358
392
3,214
451
2,653
823
252
11,978
1,215
336
159
70,622
277
187
253
2,244
5,411
343
454
2,494
123
41,577
539
99
157
2,005
3,736
252
241
1,023
1,463
215
34,894
745
7,579
430
364
9,142
305
464
1,549
527
1,989
760
206
6,132
1,287
285
354
19,621
266
167
279
1,269
3,414
233
436
1,501
(D)
429,839 264,959
160
(D)
740
612
110
127
1,031
918
1,073
674
109
(D)
809
789
121
115
275
(D)
57
100
698
392
147
93
164
120
426
305
105
90
235
208
685
334
195
144
8,472
4,941
4,097
231
135
83
512
380
2,541
1,913
593
590
4,250
2,994
160
123
683
259
1,012
777
137
123
114
85
364
343
275
182
309
136
254
142
244
176
1,266
(D)
132
114
141
119
186
(D)
244
165
416
(D)
8,794
5,265
506
364
150
(D)
1,244
757
260
193
1,982
1,274
297
223
391
83
1,505
905
151
121
205
(D)
365
372
1,177
662
207
69
111
99
293
245
250
159
338
309
1,246
583
2,933
1,555
248
(D)
661
554
242
72
16,499
(D)
194
230
3,456
(D)
193
(D)
94
(D)
3,007
2,118
231
79
232
155
948
612
204
148
759
(D)
353
(D)
57
(D)
2,604
1,887
585
356
78
71
91
71
11,110 6,415
100
88
52
79
549
852
109
114
60
87
350
756
109
686
479
112
1,344,327
1,117
2,817
919
7,207
5,418
884
2,437
496
1,082
1,113
3,707
374
704
4,144
986
708
1,484
1,509
22,587
1,661
882
3,999
9,589
4,251
21,111
797
986
4,167
704
381
1,500
848
492
602
1,269
5,177
615
1,086
1,111
723
2,432
21,684
1,838
512
1,908
3,560
3,428
1,570
672
5,943
340
1,317
1,166
2,270
768
342
944
1,964
1,849
4,717
6,396
2,102
2,431
1.123
40,305
898
8,452
4,170
297
9,680
523
1,750
5,703
1,693
5,871
3,093
314
9,950
2,580
798
457
24,258
415
377
335
1,862
5,440
478
325
1,481
D-80
Regional Data
February 2009
Table J.2. Gross Domestic Product (GDP) by Metropolitan Area for Industries, 2006—Continues
[Millions of Dollars]
Metropolitan area
Denver-Aurora, CO..............................................
Des Moines-West Des Moines, IA........................
Detroit-Warren-Livonia, Ml....................................
Dothan, AL...........................................................
Dover, DE....
Dubuque, IA.
Duluth, MN-WI
Durham, NC.
Eau Claire, Wl
El Centro, CA
Elizabethtown, K Y ...............................................
Elkhart-Goshen, IN..............................................
Elmira, NY...........................................................
El Paso, TX
Erie, PA
Eugene-Springfield, O R.......................................
Evansville, IN-KY.................................................
Fairbanks, AK......................................................
Fargo, ND-MN......................................................
Farmingron, NM....................................................
Fayetteville, NC.....................................................
Fayetteville-Springdale-Rogers, AR-MO...............
Flagstaff, A Z........................................................
Flint, Ml................................................................
Florence, SC........................................................
Florence-Muscle Shoals, AL.................................
Fond du Lac, W l..................................................
Fort Collins-Loveland, CO....................................
Fort Smith, AR-OK................................................
Fort Walton Beach-Crestview-Destin, F L.............
Fort Wayne, IN.....................................................
Fresno, CA...........................................................
Gadsden, AL........................................................
Gainesville, FL.....................................................
Gainesville, GA.....................................................
Glens Falls, NY....................................................
Goldsboro, NC......................................................
Grand Forks, ND-MN............................................
Grand Junction, CO.............................................
Grand Rapids-Wyoming, M l.................................
Great Falls, MT....................................................
Greeley, CO.........................................................
Green Bay, Wl......................................................
Greensboro-High Point, NC..................................
Greenville, NC.....................................................
Greenville-Mauldin-Easley, SC.............................
Gulfport-Biloxi, MS................................................
Hagerstown-Martinsburg, MD-WV........................
Hanford-Corcoran, CA..........................................
Harrisburg-Carlisle, PA.........................................
Harrisonburg, VA..................................................
Hartford-West Hartford-East Hartford, CT............
Hattiesburg, MS....................................................
Hickory-Lenoir-Morganton, NC.............................
Hinesville-Fort Stewart, GA..................................
Holland-Grand Haven, M l.....................................
Honolulu, HI............
Hot Springs, AR......
Houma-Bayou Cane-Thibodaux, LA.....................
Houston-Sugar Land-Bayiown, TX.......................
Huntington-Ashland, WV-KY-OH...........................
Huntsville, AL.......................................................
Idaho Falls, ID......................................................
Indianapolis-Carmel, IN........................................
Iowa City, IA.........................................................
Ithaca, NY............................................................
Jackson, Ml...........................................................
Jackson, MS.........................................................
Jackson, TN.
Jacksonville, FL
Jacksonville, NC
Janesville, Wl
Jefferson City, MO
Johnson City, TN
Johnstown, PA
Jonesboro, AR.....................................................
Joplin, MO..............
Kalamazoo-Portage, Ml
Kankakee-Bradley, IL
Kansas City, MO-KS
Kennewick-Pasco-Richland, WA...........................
Killeen-Temple-Fort Hood, T X ..............................
Kingsport-Bristol-Bristol, TN-VA...........................
Kingston, NY.........................................................
Knoxville, TN
Kokomo, IN ..
La Crosse, WI-MN
Lafayette, IN.
Lafayette, LA
Lake Charles, LA
Lake Havasu City-Kingman, AZ............................
Lakeland-Winter Haven, Fl ..................................
Rank of total
GDP by
metropolitan
area
17
62
12
281
230
293
169
69
232
307
286
165
356
83
174
158
119
267
175
214
129
113
291
146
215
312
323
160
166
168
114
72
358
172
227
322
319
331
287
63
355
216
132
64
246
86
173
196
309
76
256
40
284
151
353
170
51
357
181
5
178
108
313
32
222
328
260
91
279
44
225
251
240
236
310
320
249
157
349
28
195
143
176
276
70
304
257
211
118
128
311
117
Total
139,600
32,447
199,288
4,352
5,571
4,000
9,320
27,874
5,509
3,662
4,193
9,541
2,547
23,563
8,770
10,796
15,054
4,612
8,764
6,538
13,505
16,038
4,027
12,092
6,535
3,599
3,434
10,105
9,455
9,357
16,015
26,632
2,436
8,903
5,660
3,438
3,482
3,355
4,175
32,165
2,596
6,493
13,341
31,830
5,130
22,939
8,776
7,512
3,639
25,478
4,822
69,863
4,259
11,732
2,681
9,125
44,192
2,512
8,633
344,516
8,713
17,115
3,574
89,808
5,986
3,398
4,712
21,423
4,366
58,163
5,670
4,950
5,257
5,442
3,620
3,472
5,056
10,987
2,759
94,162
7,513
12,286
8,757
4,429
27,672
3,741
4,819
6,572
15,385
13,802
3,600
15,433
Natural
Con
resources
struction
and mining
6,788
236
547
106
95
85
942
162
73
581
(D)
71
68
99
61
190
884
438
212
3,204
(D)
468
49
(D)
59
55
81
144
829
17
114
2,214
27
79
71
65
57
165
389
(D)
52
836
186
252
(D)
122
68
57
463
177
172
174
106
(D)
7
253
154
67
2,034
(D)
208
69
82
(D)
123
107
36
1,080
32
(D)
56
77
103
41
64
101
165
(D)
52
606
546
89
189
51
188
57
37
117
(D)
496
36
423
7,352
(D)
7,975
209
279
144
433
724
265
120
157
317
116
921
301
536
757
264
466
252
442
810
235
501
285
181
202
908
375
485
735
1,614
108
463
400
195
143
163
394
1,450
158
669
630
1,413
257
1,338
501
(D)
94
977
(D)
(D)
190
(D)
(D)
430
2,404
144
402
18,952
(D)
453
251
(D)
269
69
159
886
(D)
4,145
183
217
269
238
125
138
171
487
138
4,465
381
505
415
211
(D)
81
204
239
479
558
392
1,154
Durable Nondurable
goods
goods
manu
manu
facturing
facturing
(D)
(D)
24,315
(D)
97
947
(D)
3,663
663
67
(D)
4,000
457
1,296
1,702
1,308
(D)
14
554
76
299
(D)
(D)
(D)
(D)
409
718
940
(D)
315
2,600
836
189
(D)
581
329
221
(D)
159
(D)
13
357
876
(D)
361
2,142
(D)
(D)
40
1,291
178
7,283
(D)
2,221
(D)
2,573
257
187
840
(D)
(D)
2,794
88
(D)
(D)
227
615
(D)
685
(D)
39
997
(D)
779
300
347
614
975
225
(D)
136
(D)
(D)
236
3,265
1,847
452
(D)
493
(D)
237
712
(D)
(D)
4,887
(D)
297
179
(D)
4,755
295
96
(D)
789
31
1,419
646
347
(D)
83
205
82
892
(D)
(D)
(D)
(D)
235
331
268
(D)
33
674
1,777
269
(D)
877
172
665
(D)
70
(D)
46
489
1,534
(D)
559
1,656
(D)
(D)
477
1,102
1,375
1,782
(D)
1,540
76
658
505
91
334
(D)
(D)
369
94
(D)
(D)
28
159
(D)
355
(D)
36
343
(D)
233
50
245
585
1,196
290
(D)
278
(D)
(D)
133
767
67
262
(D)
255
(D)
51
1,016
Trade
(D)
3,984
26,054
763
562
509
1,026
2,405
(D)
621
366
1,263
347
2,823
1,036
1,336
(D)
327
1,471
499
989
(D)
468
1,796
904
650
410
1,087
1,085
724
(D)
3,801
338
937
786
487
415
462
600
(D)
358
906
(D)
5,005
560
(D)
(D)
(D)
334
(D)
(D)
(D)
(D)
1,519
(D)
988
4,452
385
844
36,755
(D)
1,865
750
10,992
532
263
562
3,271
(D)
(D)
341
741
(D)
755
505
521
704
(D)
440
(D)
837
1,113
(D)
(D)
(D)
357
661
616
1,686
(D)
627
2,427
Transpor
tation and
utilities
6,272
1,090
9,104
583
205
185
889
590
(D)
241
(D)
327
120
1,340
348
293
1,302
742
422
785
383
(D)
188
(D)
454
135
220
202
685
125
(D)
1,268
141
190
193
119
156
229
274
(D)
175
257
(D)
1,474
(D)
(D)
(D)
402
91
(D)
151
(D)
(D)
717
(D)
345
2,402
60
1,085
(D)
(D)
194
140
(D)
433
143
974
1,225
190
(D)
128
348
604
150
269
135
668
(D)
182
5,252
224
392
380
(D)
1,028
111
286
246
399
(D)
191
1,042
Infor
mation
(D)
1,436
6,964
(D)
92
197
266
572
170
39
(D)
90
71
611
261
455
(D)
80
520
39
(D)
278
51
336
134
79
106
291
197
337
689
657
57
239
73
113
26
77
89
796
86
116
(D)
908
(D)
1,049
228
285
35
1,002
162
2,423
91
106
30
111
1,279
44
86
(D)
197
412
136
2,598
256
64
47
938
88
1,832
49
123
319
323
102
66
107
204
49
(D)
82
217
(D)
134
(D)
42
206
(D)
357
477
94
298
Financial
activities
(D)
13,276
40,008
547
1,305
557
1,225
3,535
964
323
338
779
263
5,908
1,151
1,949
1,533
421
1,937
312
1,074
2,328
569
2,068
737
395
399
1,634
984
2,830
2,542
4,187
347
1,278
900
349
316
350
581
6,142
346
899
2,242
6,456
691
3,142
1,051
1,304
237
4,499
532
22,333
663
1,567
98
1,458
9,278
458
962
42,184
903
1,809
365
20,754
659
368
510
3,898
454
14,428
419
554
478
636
434
628
426
2,107
305
18,779
783
825
(D)
676
4,427
242
723
923
1,820
591
603
2,071
Pro
fessional Education Leisure
Other
and
and health
and
Government
services
business services hospitality
services
20,574
2,359
35,709
259
256
196
452
3,502
483
134
217
544
150
1,359
573
977
1,084
152
697
156
(D)
2,396
213
955
394
207
146
1,513
886
885
1,224
2,055
150
679
371
249
147
172
305
(D)
169
467
1,107
2,953
329
2,975
697
541
86
2,789
231
8,039
265
844
136
644
4,461
143
523
(D)
565
3,565
750
(D)
304
212
276
2,087
266
(D)
205
301
323
368
368
184
286
(D)
142
12,727
2,200
601
669
357
3,410
148
376
309
(D)
550
220
2,256
8,035
2,183
15,942
452
371
458
1,306
3,082
679
144
227
549
337
1,626
1,179
1,139
1,299
254
852
289
627
942
429
1,390
557
272
323
847
728
400
1,859
2,444
347
1,155
576
406
327
392
461
2,955
364
428
1,225
2,418
460
1,460
466
705
216
2,534
334
6,124
509
(D)
39
432
3,493
380
465
(D)
1,167
915
364
(D)
439
1,359
479
1,920
490
(D)
161
502
398
629
597
470
595
1,112
409
6,333
534
802
948
476
2,518
201
763
649
1,057
520
389
1,400
4,985
947
6,590
133
212
214
326
677
154
89
97
164
78
616
256
357
457
151
323
135
(D)
483
443
377
187
123
90
410
206
391
454
786
90
362
143
265
68
116
172
854
115
149
(D)
844
(D)
773
912
240
76
842
158
1,725
167
305
33
189
2,897
194
225
7,870
249
418
99
3,318
195
109
133
613
119
2,277
134
133
118
204
96
105
150
378
102
3,441
255
221
293
251
1,082
104
159
195
458
661
184
490
2,989
641
4,310
(D)
146
81
243
500
145
95
90
192
67
473
257
290
328
78
206
112
270
320
97
340
152
116
88
278
191
199
366
783
77
232
119
84
82
75
134
728
65
188
(D)
637
12,424
2,721
16,884
540
1,656
248
1,489
3,708
648
1,111
1,634
456
441
5,071
998
1,619
967
1,609
900
595
7,266
1,583
997
1,602
950
744
319
1,582
988
2,617
1,212
720
90
1,405
98
265
57
215
1,085
74
194
5,776
215
349
84
1,972
114
73
132
505
108
1,434
81
114
154
4,212
297
2,887
571
604
859
883
548
2,426
649
732
1,167
2,474
1,366
2,687
2,391
1,178
1,421
4,392
518
7,132
793
1,205
1,990
830
11,525
284
641
22,967
1,243
3,903
372
7,355
2,036
376
630
3,177
679
7,531
3,839
503
1,441
202
886
118
85
138
292
80
(D)
175
263
245
135
683
79
125
(D)
264
(D)
106
450
590
448
447
1,333
344
10,252
1,081
6,553
859
958
3,154
405
563
1,308
902
755
472
1,694
112
562
164
182
68
February 2009
D-81
S u r v e y o f C u r r e n t B u sin e ss
Table J.2. Gross Domestic Product (GDP) by Metropolitan Area for Industries, 2006—Continues
[Millions of Dollars]
Metropolitan area
Lancaster, PA.......................................................
Lansing-East Lansing, M l....................................
Laredo, TX...........................................................
Las Cruces, NM...................................................
Las Vegas-Paradise, NV......................................
Lawrence, KS ......................................................
Lawton, OK..........................................................
Lebanon, PA........................................................
Lewiston, ID-WA..................................................
Lewiston-Auburn, ME..........................................
Lexington-Fayette, K Y .........................................
Lima, O H.............................................................
Lincoln, NE..........................................................
Little Rock-North Little Rock-Conway, A R ............
Logan, UT-ID.......................................................
Longview, TX.......................................................
Longview, WA......................................................
Los Angeles-Long Beach-Santa Ana, CA............
Louisville-Jefferson County, KY-IN........................
Lubbock, T X ........................................................
Lynchburg, VA.....................................................
Macon, G A ..
Madera, CA.
Madison, Wl
Manchester-Nashua, NH.....................................
Mansfield, OH
McAllen-Edinburg-Mission, TX.............................
Medford, OR
Memphis, TN-MS-AR..........................................
Merced, C A .........................................................
Miami-Fort Lauderdale-Pompano Beach, FL
Michigan City-La Porte, IN...................................
Midland, T X .........................................................
Milwaukee-Waukesha-West Allis, W l...................
Minneapolis-St. Paul-Bloomington, MN-WI..........
Missoula, MT
Mobile, A L ...
Modesto, CA
Monroe, LA..
Monroe, M l..
Montgomery, AL
Morgantown, WV
Morristown, TN
Mount Vernon-Anacortes, WA..............................
Muncie, IN ...........................................................
Muskegon-Norton Shores, M l..............................
Myrtle Beach-North Myrtle Beach-Conway, SC....
Napa, CA.............................................................
Naples-Marco Island, FL.....................................
Nashville-Davidson-Murfreesboro-Franklin, TN
New Haven-Milford, C T .......................................
New Orleans-Metairie-Kenner, LA........................
New York-Northern New Jersey-Long Island, NYNJ-RA..............................................................
Niles-Benton Harbor, M l......................................
Norwich-New London, C T ...................................
Ocala, FL.............................................................
Ocean City, NJ
.............................................
Odessa, T X ............
Ogden-Clearfield, UT
Oklahoma City, OK..
Olympia, WA...........
Omaha-Council Bluffs, NE-IA...............................
Orlando-Kissimmee, FL
Oshkosh-Neenah, Wl
Owensboro, KY
Oxnard-Thousand Oaks-Ventura, CA...................
Palm Bay-Melbourne-Titusville, FL.......................
Palm Coast, FL,,.
Panama City-Lynn Haven, FL..............................
Parkersburg-Marietta-Vienna, WV-OH.................
Pascagoula, MS
Pensacola-Ferry Pass-Brent, F L..........................
Peoria, IL .............................................................
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Phoenix-Mesa-Scottsdale, AZ.............................
Pine Bluff, AR......................................................
Pittsburgh, PA......................................................
Pittsfield, M A.......................................................
Pocatello, ID ........................................................
Portland-South Portland-Biddeford, ME...............
Portland-Vancouver-Beaverton, OR-WA..............
Port St. Lucie, FL.................................................
Poughkeepsie-Newburgh-Middletown, NY...........
Prescott, AZ.........................................................
Providence-New Bedford-Fall River, RI-MA..........
Provo-Orem, UT..................................................
Pueblo, CO..........................................................
Punta Gorda, FL..................................................
Racine, W l...........................................................
Raleigh-Cary, NC.................................................
Rank of total
GDP by
metropolitan
area
102
106
234
277
31
335
301
334
362
326
92
289
140
67
354
185
350
2
47
183
192
198
337
65
98
303
148
218
43
238
11
340
180
35
14
285
125
122
220
299
126
264
324
274
339
263
171
208
121
36
57
41
Total
17,804
17,441
5,450
4,417
91,500
3,227
3,856
3,227
1,657
3,402
21,238
4,126
12,545
28,525
2,658
8,238
2,716
680,230
53,045
8,389
7,701
7,345
3,162
30,160
19,061
3,801
12,026
6,146
60,564
5,381
248,029
3,145
8,700
77,660
179,683
4,200
13,892
14,356
6,067
3,868
13,859
4,651
3,431
4,478
3,147
4,673
9,064
6,654
14,572
73,658
36,070
66,450
1 1,123,532
248
139
199
294
258
120
49
193
53
27
204
296
59
109
363
219
242
268
136
115
7
15
348
24
241
359
85
25
155
95
280
42
147
317
318
213
50
5,059
12,568
7,341
3,957
4,776
15,020
50,409
7,623
41,656
97,384
6,925
3,951
34,359
16,912
1,422
6,104
5,240
4,610
13,040
15,633
311,662
179,489
2,771
106,496
5,256
2,301
23,091
103,413
11,118
19,593
4,362
62,546
12,064
3,485
3,483
6,551
47,851
Natural
resources
and
mining
393
(D)
(D)
216
167
15
24
87
35
29
939
22
136
268
83
1,449
113
5,721
357
326
42
159
507
(D)
36
(D)
628
169
274
959
1,323
55
4,767
164
(D)
50
349
1,146
(D)
75
102
193
12
243
29
31
55
424
352
263
82
(D)
(D)
(D)
102
195
30
(□)
121
7,168
125
400
523
25
124
2,017
40
42
27
91
33
101
79
836
2,527
102
1,689
24
(D)
(D)
1,478
252
127
378
467
(D)
26
64
77
403
Con
struction
1,486
694
Durable
goods
manu
facturing
274
935
180
146
297
144
185
774
470
1,992
(D)
1,461
2,534
1,902
1,566
46
227
2,085
108
(D)
401
(D)
151
(D)
676
778
(D)
(D)
(D)
265
36,819
(D)
(D)
(D)
(D)
166
(D)
1,733
1,091
234
341
(D)
124
6,474
(D)
263
(D)
(D)
94
847
586
(D)
816
(D)
(D)
(D)
243
422
933
264
194
252
(D)
2,736
1,914
36,356
177
394
751
315
359
1,023
1,865
390
2,166
7,324
265
(D)
(D)
(D)
506
19
347
(D)
(D)
139
(D)
3,085
968
200
212
8,856
153
89
141
88
206
932
182
514
1,351
133
419
239
24,586
(D)
386
(D)
354
217
1,389
804
143
594
587
2,367
302
16,174
161
202
2,801
7,675
225
919
904
202
Nondurable
goods
manu
facturing
1,827
371
24
68
825
241
(D)
403
(D)
334
(D)
688
857
(D)
(D)
(D)
391
28,051
(D)
(D)
(D)
(D)
88
(D)
472
100
234
134
(D)
579
2,874
(D)
95
(D)
(D)
114
858
1,300
(D)
47
(D)
(D)
(D)
943
66
176
45
1,083
48
(D)
1,935
11,345
(D)
(D)
(D)
144
29
96
(D)
(D)
112
(D)
952
1,392
(D)
(D)
(D)
1,508
1,517
119
509
310
232
1,167
743
2,188
2,066
77
213
(D)
3,401
73
3
90
(D)
(D)
(D)
281
284
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
164
(D)
(D)
348
(D)
(D)
(D)
(D)
(D)
13,937
129
4,511
271
104
(D)
4,680
1,055
1,003
460
3,138
959
259
450
288
2,917
(D)
200
(D)
(D)
271
112
(D)
(D)
145
(D)
44
(D)
(D)
48
66
6
1,128
2,149
1,321
2,911
Trade
2,724
(D)
800
425
10,174
(D)
284
539
(D)
(D)
(D)
530
1,166
(D)
291
1,169
(D)
90,174
(D)
1,448
(D)
(D)
366
(D)
2,806
502
2,088
(D)
(D)
(D)
37,899
(D)
784
9,236
(D)
548
2,144
2,083
937
400
(D)
445
(D)
661
372
676
1,240
633
1,658
(D)
4,913
(D)
Transpor
tation and
utilities
817
(D)
811
216
3,716
(D)
114
189
(D)
(D)
713
211
905
1,704
116
448
(D)
26,626
4,276
344
270
522
108
(D)
686
(D)
597
(D)
6,331
(D)
11,982
(D)
161
2,954
(D)
331
908
662
281
591
(D)
233
211
157
145
176
164
154
286
2,781
1,073
(D)
(D)
531
1,016
1,225
403
936
1,618
(D)
1,106
(D)
12,772
(D)
(D)
808
310
131
168
630
1,928
224
4,965
2,690
(D)
(D)
(D)
4,865
2,055
153
711
635
386
1,689
1,624
35,914
25,450
(D)
12,497
512
(D)
3,154
(D)
1,762
2,902
648
(D)
1,511
461
505
751
6,077
269
726
392
28
195
(D)
239
452
1,030
13,920
7,826
297
7,245
123
(D)
(D)
4,305
880
1,056
95
2,805
296
288
45
196
1,781
Infor
mation
525
405
77
113
1,879
176
55
48
32
87
728
97
303
(D)
64
566
43
52,202
(D)
(D)
111
(D)
81
1,469
1,013
152
367
186
(D)
131
12,184
60
176
2,896
7,061
152
394
226
561
36
(D)
95
(D)
46
46
146
227
138
263
(D)
1,866
1,188
88,141
71
229
212
61
126
(D)
(D)
154
(D)
4,344
195
(D)
1,065
409
66
213
(D)
113
524
372
11,290
5,376
(D)
4,808
123
(D)
714
3,905
240
530
67
2,394
(D)
74
63
67
2,967
Financial
activities
2,527
4,045
773
575
23,438
483
338
223
225
(D)
3,605
345
2,539
4,741
287
515
269
180,387
9,791
949
1,150
(D)
344
7,796
5,194
329
1,334
1,120
12,168
675
67,091
318
534
17,982
45,158
963
2,423
2,426
673
479
2,188
793
311
571
426
724
2,956
1,271
4,889
12,609
6,821
8,602
358,417
741
1,306
1,354
1,406
400
2,684
7,575
1,177
8,992
27,467
739
449
7,551
2,250
427
1,271
576
310
1,925
1,627
87,995
48,547
206
21,376
1,424
238
5,792
(D)
2,372
3,041
689
14,714
1,705
372
898
694
11,033
Pro
fessional
and
business
services
Education
Leisure
Other
and
Government
and
health
services
hospitality
services
1,482
(D)
(D)
379
9,509
275
179
165
134
282
2,068
1,722
1,518
412
455
4,231
206
186
352
209
536
210
564
1,287
2,459
177
665
264
44,145
4,755
(D)
745
1,083
2,682
229
480
88
90,256
5,096
531
503
632
141
(D)
2,194
176
698
496
6,788
231
31,282
147
641
9,344
(D)
357
1,236
1,006
543
286
1,233
286
185
184
275
198
616
529
1,307
9,174
4,166
(D)
(D)
324
1,039
504
201
(D)
1,212
4,833
488
4,808
13,522
910
137
3,429
3,101
102
559
(D)
319
1,318
1,582
44,786
22,193
(D)
13,709
484
221
(D)
11,036
963
1,593
288
6,056
1,422
239
262
533
6,889
1,666
1,100
359
(D)
1,688
387
1,747
734
4,413
357
18,236
298
282
7,729
13,557
493
1,197
1,378
635
245
1,076
539
263
270
480
564
455
541
979
9,785
5,535
(D)
90,184
456
1,071
702
226
273
967
3,864
756
3,301
6,200
521
295
1,977
1,629
80
453
563
224
1,380
(D)
31,619
12,720
251
11,836
773
(D)
2,401
7,629
1,007
2,432
459
7,101
1,465
495
439
575
2,592
584
467
198
169
17,259
141
90
83
69
(D)
(D)
107
375
785
76
184
106
30,256
2,054
374
193
215
83
793
531
534
544
143
111
1,559
140
65
94
68
73
392
94
363
611
102
201
74
14,831
1,180
247
199
(D)
89
738
451
111
110
427
253
3,237
132
11,457
206
159
2,146
5,729
184
399
417
183
132
384
139
80
156
118
169
427
169
(D)
147
6,456
83
150
1,553
3,911
1,222
190
152
377
(D)
899
1,014
404
1,248
3,664
987
3,031
35,993
159
500
274
431
156
416
1,674
258
1,322
9,423
143
123
1,070
656
79
364
159
126
477
457
8,099
7,317
52
3,226
331
78
960
2,991
497
632
261
2,256
328
137
151
160
1,355
120
416
408
149
92
(D)
93
(D)
122
95
110
22,841
135
235
241
84
230
(D)
1,020
259
(D)
1,999
151
105
757
455
41
189
121
98
389
(D)
6,540
3,197
71
2,662
139
49
447
2,311
388
513
112
1,429
(D)
115
132
161
1,063
1,279
3,897
1,167
1,250
7,801
833
2,019
502
267
299
2,818
400
2,240
4,837
555
581
325
56,175
5,005
1,553
763
883
612
5,146
1,452
497
2,654
718
6,577
844
24,597
379
485
6,523
16,201
568
1,801
1,814
685
394
3,094
1,156
341
585
529
585
856
661
921
6,158
3,598
5,333
98,243
461
3,088
924
620
509
3,608
8,380
2,435
4,946
7,081
677
488
3,804
2,269
203
1,309
718
678
3,053
1,165
26,638
16,078
641
8,432
428
542
2,953
9,440
1,211
3,937
660
7,415
1,280
700
403
599
5,713
D-82
February 2009
Regional Data
Table J.2. Gross Domestic Product (GDP) by Metropolitan Area for Industries, 2006—Table Ends
[Millions of Dollars]
Metropolitan area
Rapid City, S D .....................................................
Reading, PA.........................................................
Redding, CA........................................................
Reno-Sparks, NV.................................................
Richmond, VA......................................................
Riverside-San Bernardino-Ontario, C A ................
Roanoke, VA........................................................
Rochester, MN
Rochester, N Y .....................................................
Rockford, IL
Rocky Mount, NC
Rome, GA...
Sacramento-Arden-Arcade-Roseville, CA............
Saginaw-Saginaw Township North, M l.................
St. Cloud, MN......................................................
St. George, U T ....................................................
St. Joseph, MO-KS
St. Louis, MO-IL...................................................
Salem, OR..
Salinas, CA.
Salisbury, MD
Salt Lake City, UT
San Angelo, TX
San Antonio, TX...................................................
San Diego-Carlsbad-San Marcos, CA..................
Sandusky, OH......................................................
San Francisco-Oakland-Fremont, CA...................
San Jose-Sunnyvale-Santa Clara, CA..................
San Luis Obispo-Paso Robles, CA.......................
Santa Barbara-Santa Maria-Goleta, CA...............
Santa Cruz-Watsonville, C A .................................
Santa Fe, NM.......................................................
Santa Rosa-Petaluma, CA....................................
Savannah, G A......................................................
Scranton-Wilkes-Barre, PA...................................
Seattle-Tacoma-Bellevue, W A..............................
Sebastian-Vera Beach, FL....................................
Sheboygan, W l....................................................
Sherman-Denison, TX..........................................
Shreveport-Bossier City, LA..................................
Sioux City, IA-NE-SD............................................
Sioux Falls, SD....................................................
South Bend-Mishawaka, IN-MI.............................
Spartanburg, SC..................................................
Spokane, WA.......................................................
Springfield, IL ......................................................
Springfield, MA....................................................
Springfield, MO....................................................
Springfield, OH....................................................
State College, PA..................................................
Stockton, CA........................................................
Sumter, SC..........................................................
Syracuse, N Y .................................................
Tallahassee, FL....................................................
Tampa-St. Petersburg-Clearwater, F L ..................
Terre Haute, IN ....................................................
Texarkana, TX-Texarkana, AR..............................
Toledo, OH...........................................................
Topeka, KS.
Trenton-Ewing, NJ
Tucson, AZ..
Tulsa, OK....
Tuscaloosa, A L ....................................................
Tyler, TX
Utica-Rome, NY
Valdosta, GA
Vallejo-Fairfield, CA
Victoria, TX.
Vineland-Millville-Bridgeton, NJ............................
Virginia Beach-Norfolk-Newport News, VA-NC
Visalia-Porterville, CA...........................................
Waco, TX.............................................................
Warner Robins, G A ..............................................
Washington-Arlington-Alexandria, DC-VA-MD-WV
Waterloo-Cedar Falls, IA.......................................
Wausau, W l..........................................................
Weirton-Steubenville, WV-OH..............................
Wenatchee, WA....................................................
Wheeling, WV-OH.................................................
Wichita, KS..........................................................
Wichita Falls, TX..................................................
Williamsport, PA ...............................................
Wilmington, NC
Winchester, VA-WV
Winston-Salem, NC
Worcester, M A......
Yakima, WA............
York-Hanover, PA...,
Youngstown-Warren-Boardman, OH-PA...............
Yuba City, CA........................................................
Yuma, AZ.............................................................
Rank of total
GDP by
metropolitan
area
275
127
239
99
45
22
150
186
52
152
244
343
30
210
203
332
305
20
153
105
306
46
336
37
16
346
8
18
159
100
163
217
96
144
104
13
288
254
345
94
233
133
154
167
112
191
93
131
329
247
101
347
80
145
23
252
298
75
190
87
66
54
197
194
189
314
142
259
270
38
162
202
266
4
205
243
330
321
271
77
237
325
138
269
89
73
209
124
107
292
283
Total
4,450
13,808
5,380
18,915
57,797
110,735
11,916
8,226
43,080
11,500
5,199
3,041
91,751
6,592
7,035
3,305
3,735
118,306
11,335
17,682
3,667
56,458
3,216
72,738
157,509
2,960
292,078
135,080
10,141
18,381
9,709
6,354
19,520
12,196
17,794
197,686
4,166
4,845
3,009
19,827
5,455
13,316
11,327
9,421
16,153
7,829
20,576
13,408
3,384
5,066
18,305
2,877
24,362
12,152
108,520
4,938
3,922
25,582
7,974
22,877
29,963
41,119
7,505
7,593
8,059
3,562
12,520
4,766
4,596
71,753
9,992
7,095
4,645
366,669
6,861
5,231
3,375
3,472
4,595
25,353
5,403
3,422
12,682
4,606
22,063
26,510
6,649
13,921
17,199
4,016
4,260
Natural
resources
and mining
28
168
159
192
357
1,251
60
171
302
54
141
16
828
46
189
48
76
1,524
700
3,309
133
1,455
(D)
1,986
1,074
36
(D)
814
381
1,499
463
343
366
45
124
1,006
176
59
55
5,804
240
(D)
(D)
51
55
120
(D)
(D)
(D)
64
842
41
137
(D)
1,026
88
88
(D)
78
15
703
4,997
737
1,028
78
109
166
684
136
510
1,829
118
9
542
211
Con
struction
243
751
437
1,804
(D)
(D)
(D)
(D)
6,553
(D)
(D)
(D)
(D)
(D)
3,398
714
402
1,571
682
248
87
5,992
277
434
422
167
697
413
1,327
90
(D)
(D)
161
17
(D)
(D)
(D)
(D)
616
481
910
222
(D)
3,376
(D)
2,877
8,216
639
(D)
(D)
(D)
1,752
(D)
3,629
3,322
301
(D)
(D)
218
1,106
384
375
469
(D)
(D)
1,153
1,013
202
Trade
619
2,016
827
(D)
6,731
17,530
(D)
(D)
(D)
Transpor
tation and
utilities
271
758
365
1,300
2,268
6,579
924
(D)
269
239
226
212
(D)
(D)
1,194
2,297
586
5,397
338
438
191
5,220
177
409
(D)
(D)
(D)
(D)
2,169
(D)
(D)
9,061
17,061
368
4,003
4,014
103
3,464
9,834
32
16,667
14,618
191
606
159
165
558
227
991
21,645
11,626
41,302
295
77,961
22,900
2,402
3,918
2,004
1,562
4,771
1,430
2,193
45,951
1,113
689
295
1,596
909
(D)
(D)
15,512
1,186
7,715
967
332
168
81
487
2,001
1,623
733
2,708
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
7,672
48
143
143
943
417
2,014
1,776
1,205
721
1,065
268
(D)
(D)
(D)
(D)
119
216
1,419
186
968
720
6,842
204
155
1,252
555
231
801
460
1,994
87
833
132
1,156
(D)
(D)
(D)
(D)
4,583
2,152
15,194
5,593
(D)
(D)
(D)
(D)
(D)
(D)
667
241
(D)
(D)
(D)
(D)
620
1,699
1,706
351
290
269
348
3,222
(D)
(D)
(D)
(D)
701
667
937
332
257
360
173
(D)
911
141
135
897
(D)
767
1,360
227
871
664
248
279
(D)
(D)
324
277
280
1,500
(D)
(D)
317
(D)
(D)
882
706
(D)
(D)
(D)
(D)
1,755
1,002
409
426
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
327
259
(D)
(D)
629
356
126
592
(D)
465
(D)
(D)
(D)
120
592
731
336
1,117
2,586
(D)
2,209
4,015
103
77
420
596
870
4,964
1,377
(D)
1,317
446
113
113
(D)
780
979
471
525
25,429
561
449
438
1,915
712
1,583
1,535
1,548
2,657
955
2,524
2,306
445
405
2,879
298
3,287
1,020
(D)
251
2,039
(D)
(D)
(D)
1,643
(D)
(D)
1,883
876
1,855
1,006
2,762
13,748
22,895
1,775
966
(D)
3,831
840
163
163
223
109
Financial
activities
1,441
990
389
(D)
(D)
21
Infor
mation
1,218
707
170
168
15,993
142
1,199
590
(D) Not shown to avoid disclosure of confidential information, but the estimates for this item are included in the totals.
(D)
(D)
(D)
664
421
3,423
1,381
(D)
585
675
224
3,048
150
4,080
7,778
90
11,853
4,232
805
914
724
382
1,468
683
708
9,053
413
197
185
507
187
496
415
479
806
320
929
(D)
101
29
1,043
32
(D)
137
208
240
614
242
2,219
194
Nondurable
goods
manu
facturing
9,285
226
248
59
99
27
74
72
1,359
Durable
goods
manu
facturing
(D)
(D)
2,133
3,251
5,130
(D)
1,100
(D)
(D)
1,731
(D)
(D)
(D)
1,394
931
344
27,129
805
803
334
491
604
3,152
546
430
1,522
647
(D)
(D)
362
759
234
969
(D)
210
125
1,421
109
2,711
(D)
764
561
1,293
3,501
112
86
30
55
363
104
466
293
121
357
322
554
447
39
234
332
42
719
566
5,231
79
60
499
(D)
79
(D)
(D)
(D)
(D)
136
686
(D)
(D)
174
3,191
557
366
71
13,263
266
229
(D)
1,737
873
3,166
1,105
3,227
2,234
505
174
219
28
(D)
(D)
(D)
(D)
1,439
698
249
24,225
912
1,125
706
380
19,618
1,875
2,960
481
14,757
3,310
232
3,522
1,660
24,352
460
393
3,703
1,325
4,970
4,969
6,233
913
764
1,153
393
1,969
288
511
13,305
1,081
814
347
196
494
(D)
291
3,469
994
1,685
2,397
548
195
107
3,102
320
261
71
1,449
974
1,776
151
303
296
165
128
906
172
842
1,189
286
1,286
913
(D)
221
(D)
(D)
112
(D)
126
105
65
54
115
752
(D)
92
368
(D)
(D)
937
94
292
358
56
144
1,001
856
292
587
560
2,831
347
302
3,449
705
5,145
4,163
691
1,732
2,363
646
403
Pro
fessional
and
business
services
261
1,429
412
2,086
8,445
8,840
1,178
368
5,008
840
301
162
9,077
580
390
199
278
17,895
748
1,193
331
7,029
165
8,384
21,025
103
51,749
22,538
784
2,205
1,228
670
2,145
1,049
Education
and health
services
Leisure
and
hospitality
533
1,265
671
1,353
3,709
8,050
1,291
2,812
231
385
213
2,005
1,448
4,431
350
256
1,117
303
115
83
2,899
215
193
198
154
(D)
1,236
300
519
6,641
802
826
337
378
11,362
1,340
997
480
3,139
343
5,936
8,763
252
18,044
8,507
733
1,362
870
501
1,680
1,270
(D)
(D)
22,557
363
249
162
981
445
12,329
488
421
398
1,465
(D)
(D)
1,345
1,530
652
1,944
1,149
3,208
861
1,446
710
(D)
1,308
(D)
(D)
(D)
(D)
(D)
306
279
654
292
669
428
113
171
532
(D)
15,989
258
243
9,250
546
456
(D)
813
2,645
2,974
2,982
423
4,964
148
130
741
245
557
1,273
984
207
235
240
148
394
103
104
2,400
238
228
(D)
(D)
1,120
1,068
(D)
1,200
112
61
2,286
156
186
130
111
(D)
78
333
141
224
307
215
448
290
610
401
144
113
500
81
574
480
2,651
139
(D)
(D)
(D)
158
819
334
112
1,031
208
(D)
537
4,649
3,121
4,435
388
528
(D)
3,257
265
377
134
1,439
94
1,687
3,320
56
6,050
1,875
261
460
290
182
520
318
486
4,146
126
133
2,523
1,211
124
382
172
381
298
1,077
116
1,952
106
3,488
6,696
365
10,488
3,248
506
930
389
444
769
583
550
6,766
249
117
457
370
1,632
230
2,763
457
Other
services
68
717
88
102
643
(D)
520
775
797
156
186
201
(D)
816
196
259
6,514
596
436
425
77,803
403
301
221
120
20,570
595
446
10,896
155
277
231
93
12,725
132
121
111
(D)
(D)
124
374
(D)
(D)
(D)
(D)
173
163
166
74
85
116
525
134
105
266
222
184
1,073
298
1,917
3,252
264
1,083
1,081
236
209
337
473
4,549
634
810
470
406
828
539
2,486
3,493
733
1,211
1,991
369
344
(D)
129
87
529
137
504
798
211
358
483
99
150
345
101
109
(D)
(D)
364
725
165
422
451
106
83
Government
829
1,313
784
2,109
8,166
16,782
1,304
661
4,639
932
568
365
18,695
764
835
319
490
11,407
2,718
2,819
544
6,151
700
12,515
25,104
319
26,213
7,802
1,332
2,579
1,204
1,127
1,881
1,945
1,968
21,308
379
362
334
2,453
552
706
931
1,139
2,387
2,081
3,346
1,397
419
1,906
2,592
865
3,291
3,810
10,693
700
786
2,978
1,561
4,082
5,451
3,094
1,360
723
1,860
960
2,436
435
956
20,801
1,770
997
2,366
74,025
778
446
339
539
572
2,540
1,213
483
1,418
457
1,279
3,088
991
1,354
1,828
1,011
1,159
D-83
February 2009
K. Charts
SELECTED REGIONAL ESTIMATES
SHARES OF U.S. GROSS DOMESTIC PRODUCT BY STATE BY REGION
Mideast
1969
Mideast
23.5%
2007
Great Lakes
14.1%
New England
5.4%
Great Lakes
21.4%
Plains
6.3%
New England
5.8%
Plains
7 .4 %
Far West
14.8%
Far West
18.3%
Southeast
22.5%
Rocky Mountain
Rocky Mountain
3.3%
Southeast
17.7%
2 .2 %
Southwest
7.3%
Southwest
11.7%
SHARES OF U.S. PERSONAL INCOME BY REGION
2007
1969
Mideast
18.4%
Mideast
23.5%
Great Lakes
20.9%
Great Lakes
14.5%
K. _____ .
.
New England
5 .8 /o
New England
6.4%
Plains
7.5%
Far West
15.2%
Plains
6.3%
Far West
18.0%
Southeast
22.7%
Rocky Mountain
Southeast
17.3%
2.2%
7.0%
Rocky Mountain
3.3%
11.0%
AVERAGE ANNUAL GROWTH RATE OF PERSONAL INCOME, 1997-2007
STATES WITH FASTEST GROWTH
U.S. average
5.3 %
STATES WITH SLOWEST GROWTH
U.S. average
5.3%
Nevada
Wyoming
Arizona
Texas
Florida
Idaho
Colorado
Utah
Oklahoma
Montana
U.S. Bureau of Economic Analysis
= J
5
6
Percent
D-84
Regional Data
February 2009
SELECTED REGIONAL ESTIMATES
PER CAPITA GROSS DOMESTIC PRODUCT BY STATE IN CURRENT DOLLARS, 2007
WY
$60,275
$49,658
------NC
$44,084
$38,971
"scT\y
534,6 7 J
U.S. = $45 ,564
| Highest quintile
^
□
Fourth quintile
Third quintile
□
Second quintile
;^
Lowest quintile
PER CAPITA PERSONAL INCOME, 2007
$32,900
$ 3 2 ,4 0 1 \$ 3 3 4 1 6
Highest quintile
Fourth quintile
Third quintile
Second quintile
Lowest quintile
U.S. Bureau of Economic Analysis
D-85
February 2009
Appendixes
A. Additional Information About the NIPA Estimates
Statistical Conventions
Current-dollar GDP is a measure of the market value
of goods, services, and structures that are produced in
the economy in a particular period. The changes in cur
rent-dollar GDP can be decomposed into quantity and
price components. Quantities, or “real” measures, and
prices are expressed as index numbers with the reference
year— at present, the year 2000— equal to 100.1
The annual changes in quantities and prices are calcu
lated using a Fisher formula that incorporates weights
from 2 adjacent years. For example, the annual percent
change in real GDP for 2001-2002 uses prices for 2001
and 2002 as weights, and the 2001-2002 annual percent
change in the GDP price index uses quantities for 2001
and 2002 as weights. Because the Fisher formula allows
for the effects of changes in relative prices and in the
composition of output over time, the resulting quantity
or price changes are not affected by the substitution bias
that is associated with changes in quantities and prices
calculated using a fixed-weighted formula. These annual
changes are “chained” (multiplied) together to form time
series of quantity and price indexes. The percent changes
in the Fisher indexes are not affected by the choice of the
reference year.
BEA also publishes implicit price deflators (IPDs),
which are calculated as the ratio of the current-dollar
value of a component to the chained-dollar value of the
component, multiplied by 100. The values of an IPD are
very close to the values of the corresponding “chain-type”
price index.
The measures of real GDP and its major components
are also presented in dollar-denominated form, desig
nated “chained (2000) dollar estimates.” For most series,
these estimates are computed by multiplying the cur
rent-dollar value in 2000 by a corresponding quantity
index number and then dividing by 100. For example, if a
current-dollar GDP component equaled $100 in 2000
and if real output for this component increased by 10
percent in 2001, then the chained (2000) dollar value of
this component in 2001 would be $110 ($100 x 1.10).
The percent changes calculated from the chained (2000)
dollar estimates and from the quantity indexes are the
same; any differences will be small and due to rounding.
The chained-dollar values for the detailed GDP com
ponents will not necessarily sum to the chained-dollar
estimate of GDP (or to any intermediate aggregate) in a
table, because the relative prices that are used as weights
for any period other than the reference year differ from
those of the reference year. A measure of the effect of such
1. See J. Steven Landefeld, Brent R. Moulton, and Cindy M. Vojtech, “ChainedDollar Indexes: Issues, Tips on Their Use, and Upcoming Changes,” S u r v e y o f C u r r e n t
B u s i n e s s (November 2003): 8-16.
differences is provided by a “residual” line— the differ
ence between the chained-dollar value of the main aggre
gate in the table and the sum of the most detailed
components in the table. For periods close to the refer
ence year, when the relative prices that are used as weights
have usually not changed much, the residuals tend to be
small, and the chained-dollar estimates can be used to
approximate the contributions to growth and to aggre
gate the detailed estimates. For periods further from the
reference year, the residuals tend to be larger, and the
chained-dollar estimates are less useful for analyses of
contributions to growth. In particular, for components
for which relative prices are changing rapidly, the calcula
tion of contributions based on chained-dollar estimates
may be misleading even just a few years from the refer
ence year. Thus, contributions derived from quantity
indexes provide a better measure than contributions
derived from chained-dollar estimates; contributions
based on quantity indexes are shown in selected NIPA
tables 1.1.2, 1.2.2, 1.5.2, 2.3.2, 3.9.2, 4.2.2, and 5.3.2.
For quarters and months, NIPA estimates are pre
sented at annual rates, which show the value that would
be registered if the rate of activity that is measured for a
quarter or for a month were maintained for a full year.
Annual rates are used so that periods of different
lengths— for example, quarters and years— may be more
easily compared. These annual rates are determined sim
ply by multiplying the estimated rate of activity by 4 (for
quarterly data) or by 12 (for monthly data).
For most quarterly NIPA estimates, percent changes in
the estimates are also expressed at annual rates. Calculat
ing these changes requires a variant of the compound
interest formula:
where r is the percent change at an annual rate; xt is the
level of activity in the later period; Xq is the level of activ
ity in the earlier period; m is the periodicity of the data
(for example, 1 for annual data, 4 for quarterly data, or 12
for monthly data); and n is the number of periods
between the earlier periods and the later periods (that
is, t - 0 ).
Quarterly and monthly NIPA estimates are seasonally
adjusted if necessary. Seasonal adjustment removes from
the time series the average effects of variations that nor
mally occur at about the same time and in about the same
magnitude each year— for example, weather, holidays,
and tax payment dates. After seasonal adjustment, cycli
cal and other short-term changes in the economy stand
out more clearly.
February 2009
Appendix A
D-86
Reconciliation Table
Table 1. Relation of Net Exports of Goods and Services and Net Receipts of Income in the NIPAs
to Balance on Goods and Services and Income in the ITAs
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2006
2007
2,142.2
2,463.5
2,408.5
2,553.6
2,603.2
2,605.9
2,687.8
2,734.8
12.0
0.0
24.6
- 8.2
1.4
19.0
1.3
17.7
1.3
1.6
1.8
12.2
11.4
47.6
11.5
II
III
2008
IV
I
II
III
Exports of goods and services and income receipts, ITAs..............................................................................
1
Less: Gold, ITAs....................................................................................................................................................
Statistical differences 1 .................................................................................................................
Other items...................................................................................................................................
2
8.8
13.3
16.5
14.3
3
4
0.0
1.2
0.0
0.0
1.5
1.4
5
8.5
57.1
8.3
10.9
54.4
11.1
0.0
1.6
11.1
54.0
10.1
55.7
9.8
12.5
53.6
10.6
11.2
51.2
12.5
11.4
54.8
13.9
Plus: Adjustment for grossing of parent/affiliate interest payments........................................................................
Adjustment for U.S. territories and Puerto Rico.............................................................................
Services furnished without payment by financial intermediaries except life insurance carriers......
7
6
1.4
Equals: Exports of goods and services and income receipts, NIPAs.............................................................
8
2,206.1
2,524.1
2,467.3
2,613.4
2,667.1
2,664.0
2,746.0
2,784.5
Imports of goods and services and income payments, ITAs...........................................................................
9
2,838.3
3,082.0
3,085.0
3,134.2
3,153.1
3,181.5
3,295.4
3,317.6
Less: Gold, ITAs....................................................................................................................................................
Statistical differences 1 ..................................................................................................................
Other items...................................................................................................................................
10
11
12
5.6
8.8
0.0
0.0
9.8
10.7
7.0
12.6
0.0
0.0
0.0
0.0
0.0
0.0
17.9
-13.3
12.7
-8.9
Plus: Gold, NIPAs..................................................................................................................................................
Adjustment for grossing of parent/affiliate interest payments.........................................................
Adjustment for U.S. territories and Puerto Rico.............................................................................
Imputed interest paid to rest of world.............................................................................................
13
14
15
16
-4.4
8.5
40.2
8.3
-5.2
10.9
40.5
-5.3
-5.2
-5.7
12.5
34.5
Equals: Imports of goods and services and income payments, NIPAs..........................................................
17
2,885.2
Balance on goods and services and income, ITAs (1-9)..................................................................................
18
Less: Gold (2-10+13)...........................................................................................................................................
Statistical differences (3-11) 1.......................................................................................................
Other items (4-12).........................................................................................................................
Plus: Adjustment for U.S. territories and Puerto Rico (6-15).................................................................................
Equals: Net exports of goods and services and net receipts of income, NIPAs (8-17).................................
1. Consists of statistical revisions to the ITAs that have not yet been incorporated into the NIPAs.
ITAs International transactions accounts
NIPAs National income and product accounts
0.0
0.0
-8.9
0.0
0.0
0.0
- 6.6
- 6.0
11.4
39.2
13.9
-6.3
11.4
34.8
11.5
11.1
11.1
43.7
10.1
39.8
9.8
10.6
11.2
36.5
12.5
3,129.5
3,130.7
3,183.8
3,198.5
3,231.5
3,350.3
3,365.3
-696.1
-618.5
-676.5
-580.6
-549.9
-575.6
-607.6
-582.8
19
- 1.2
-0.7
1.4
- 1.6
-0.7
0.1
0.4
-1.3
20
21
22
0.0
1.2
0.0
0.0
1.4
0.0
1.6
0.0
1.5
1.4
5.1
1.4
10.2
1.6
16.9
13.9
15.9
10.3
19.1
14.7
15.6
10.2
1.8
12.8
23
-679.1
-605.4
-663.4
-570.4
-531.4
-567.5
-604.3
-580.8
12.2
D-87
February 2009
B. Suggested Reading
The Bureau of Economic Analysis (BEA) has published
a wealth of information about the methodologies that
are used to prepare its national, industry, interna
tional, and regional accounts. Most of this information
is available on BEA’s Web site at www.bea.gov.
National accounts
The national accounts encompass the detailed esti
mates in the national income and product accounts
(including gross domestic product) and the estimates
of fixed assets and consumer durable goods.
National income and product accounts (NIPAs).
This series of papers documents the conceptual frame
work of the NIPAs and the methodologies that have
been used to prepare the estimates.
An Introduction to National Income and Product
Accounts (2007)
Corporate Profits: Profits Before Tax, Profits Tax
Liability, and Dividends (2002)
Government Transactions (1988)
Measuring the Economy: A Primer on GDP and the
N ational Income and Product Accounts (2007)
Personal Consumption Expenditures (1990)
The methodologies described in these papers
have been updated and improved, typically as part of
the comprehensive and annual revisions of the
NIPAs.
The following S u r v e y articles describe the upcoming
2009 comprehensive revision of the NIPAs.
“Preview of the Revised NIPA Estimates for 2002:
Effects of Incorporating the 2002 Benchmark 1 -0 Ac
counts and Proposed Definition and Statistical
Changes” (March 2008)
Preview of the 2009 Comprehensive NIPA Revision
New Classifications for Personal Consumption
Expenditures (May 2008)
The following S u r v e y articles describe the most re
cent comprehensive revision of the NIPAs.
“Improved Estimates of the National Income and
Product Accounts for 1929-2002: Results of the Com
prehensive Revision” (February 2004)
Preview of the 2003 Comprehensive NIPA Revision
New and Redesigned Tables (August 2003)
Statistical Changes (September 2003)
“Measuring the Services of Commercial Banks in
the NIPAs: Changes in Concepts and Methods” (Sep
tember 2003)
“Measuring the Services of Property-Casualty In
surance in the NIPAs: Changes in Concepts and Meth
ods” (October 2003)
In addition, see the following articles.
“Annual Revision of the National Income and Prod
uct Accounts” (August 2008) presents revisions and
describes any changes in the data and the methods that
are used to prepare the estimates.
“Updated Summary of NIPA Methodologies” (No
vember 2008) describes the source data and the meth
ods that are used to prepare the current-dollar and real
estimates of GDP.
“Chained-Dollar Indexes: Issues, Tips on Their Use,
and Upcoming Changes” (November 2003) discusses
the advantages of using chain-weighted indexes and
the challenges of using chained dollars.
“Reliability of the NIPA Estimates of U.S. Economic
Activity” (February 2005) evaluates the principal NIPA
estimates by examining the record of revisions to
them.
“Gross Domestic Product: Revisions and Source
Data” (February 2006) describes the categories of data
that are used for the advance, preliminary, and final
quarterly estimates of GDP.
Fixed assets and consumer durable goods. Fixed
Assets and Consumer Durable Goods in the United
States, 1925-97 (2003) discusses the concepts and sta
tistical considerations that underlie the estimates and
their derivation.
“Fixed Assets and Consumer Durable Goods for
1925-2002” (May 2004) describes the improvements
that were incorporated into these estimates as part of
the most recent comprehensive NIPA revision.
“Fixed Assets and Consumer Durable Goods for
1998-2007” (September 2008) provides estimates that
reflect the incorporation of the most recent annual
NIPA revision.
Satellite accounts. These accounts extend the ana
lytical capacity of the NIPAs by focusing on the effects
of a particular aspect of economic activity on GDP.
“Research and Development Satellite Account”
For 1959-2002 (December 2006)
For 1959-2004 (October 2007)
Mission Statement and Strategic Plan
The mission statement of the Bureau of Economic
Analysis and its most recently updated strategic plan
for improving the accuracy, reliability, and relevance
of the national, industry, regional, and interna
tional accounts are available on BEA’s Web site at
www.bea.gov under “About BEA.”
D-88
Appendix B
Industry accounts
The industry accounts consist of the annual industry
accounts (the input-output accounts and the gross-domestic-product-by-industry accounts), the benchmark
input-output accounts, and one satellite account.
Annual industry accounts. “Improved Annual In
dustry Accounts for 1998-2003” (June 2004) describes
the comprehensive revision of the annual input-output
accounts and the GDP-by-industry accounts that features
the integration of the two sets of accounts.
“Annual Industry Accounts” (February 2008) pre
sents the annual revision of these accounts and de
scribes the source data and any changes in the methods
that are used to prepare the estimates.
“Preview of the Comprehensive Revision of the
Annual Industry Accounts: Integrating the Annual In
put-Output Accounts and the Gross-Domestic-Product-by-Industry Accounts” (March 2004) provides the
details about the comprehensive revision.
Benchmark input-output accounts. “Preview of the
Benchmark Input-Output Accounts for 2002” (Septem
ber 2005) includes the proposed new sectors that are
based on the 2002 North American Industry Classifica
tion System.
“U.S. Benchmark Input-Output Accounts, 2002”
(October 2007)
Satellite accounts. These accounts extend the ana
lytical capacity of the input-output accounts by focus
ing on a particular aspect of economic activity.
“U.S. Travel and Tourism Satellite Accounts”
For 2001-2004 (June 2005)
For 2002-2005 (June 2006)
For 1998-2006 (June 2007)
For 2004-2007 (June 2008)
International accounts
The international accounts encompass the interna
tional transactions accounts, direct investment, and
international transactions in services.
International transactions accounts. The Balance
o f Payments o f the United States: Concepts, Data
Sources, and Estimating Procedures (1990) describes the
methodologies used to prepare the estimates in the
ITAs and the international investment position of the
United States. These methodologies are usually up
dated and improved as part of the annual revisions of
the international transactions accounts.
The annual revisions of the international transac
tions accounts are described in a series of articles, the
latest of which was published in the July 2 0 0 8 S u r v e y .
Direct investment. International Direct Investment:
Studies by the Bureau o f Economic Analysis (1999) is a
collection of previously published articles on U.S. di
February 2009
rect investment abroad and foreign direct investment
in the United States. It includes “A Guide to BEA Sta
tistics on U.S. Multinational Companies,” which is also
available in the March 1995 S u r v e y , and “A Guide to
BEA Statistics on Foreign Direct Investment in the
United States,” which is also available in the February
1990 S u r v e y .
In addition, the updated methodologies are avail
able in U.S. Direct Investment Abroad: Final Results
From the 1999 Benchm ark Survey (2004) and in Foreign
Direct Investment in the United States: Final Results
From the 2002 Benchm ark Survey (2006).
International services. U.S. International Transac
tions in Private Services: A Guide to the Surveys Con
ducted by the Bureau o f Economic Analysis (1998)
describes 11 surveys. It includes classifications, defini
tions, release schedules, the methods used to prepare
the estimates, and samples of the survey forms.
“Selected Issues in the Measurement of U.S.
International Services” (June 2002) describes key is
sues in defining and measuring insurance, wholesale
and retail trade, finance, construction, and utilities ser
vices and explores possible actions to address these is
sues.
Regional accounts
The regional accounts include estimates of personal in
come and gross domestic product. The following
methodologies are available on BEA’s Web site at
www.bea.gov/ regional/methods.cfm.
Personal income. Estimates of personal income
are prepared for states and for local areas.
State Personal Incom e (2007) describes the im
provements in the methodology that are used to
prepare the estimates.
L ocal Area Personal Incom e (2007) describes the
detailed methodology that is used to prepare the es
timates for counties, metropolitan divisions and ar
eas, micropolitan areas, and BEA economic areas
and regions.
Gross domestic product. Estimates of gross do
mestic product (GDP) are prepared for states and
metropolitan areas.
Gross D om estic Product by State (2006) describes
the sources and the methods that are used to pre
pare the estimates.
“Gross Domestic Product by State” (July 2008)
presents the most recent annual revision.
“Introducing New Measures of the Metropolitan
Economy: Prototype GDP-by-Metropolitan-Area
Estimates for 2 0 0 1 -2 0 0 5 ” (November 2007) de
scribes the potential uses of the estimates and the
methodology used to prepare them.
@FedFRASER