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Survey of Current Business February 2014 Bureau of Economic Analysis Volume 94 Number 2 Director’s Message Taking Account Articles GDP and the Economy: Advance Estimates for the Fourth Quarter of 2013 Real GDP increased 3.2 percent after increasing 4.1 percent in the third quarter. Business investment slowed, federal government spending decreased more than in the third quarter, and residential investment turned down. Consumer spending and exports picked up. Newly Available NIPA Tables These tables conclude the presentation of estimates that reflect the 2013 comprehensive NIPA revision. Industry Economic Accounts: Results of the Comprehensive Revision The revised statistics show that economic growth in 2012 was widespread; 20 of the 22 major industry groups contributed to the 2.8 percent increase in real GDP. Leading contributors were professional and business services; finance, insurance, real estate, rental, and leasing; mining; and manufacturing. Upcoming in the Survey... Preview of the 2014 Comprehensive Revision of the International Economic Accounts. A look at the changes in definitions and presentations that are planned as part of the upcoming revision. February 2014 iii Director’s Message In this issue, we are pleased to present the results of the most re cent comprehensive revision of the industry economic accounts, which provide statistics for 1997–2012. For the first time, the an nual input-output (I-O) accounts and the gross domestic prod uct by industry accounts are fully consistent with both the most recent comprehensive revision of the national income and prod uct accounts and the current benchmark I-O account. The up-to-date and completely integrated I-O tables are a cru cial new tool for businesses, policy analysts, economists, and oth ers who want to drill deep into BEA’s detailed data. This new tool can help business people, for instance, assess the impact of supply disruptions on their industry, track changes in the mix of cus tomers for their products, and monitor increases in the price of raw materials like petroleum and other inputs that are used in production. The type of information that can be derived from the I-O tables can help businesses make informed decisions about investing and hiring and help them maintain a competitive edge. As a reminder, this month marks the first online-only issue of the SURVEY OF CURRENT BUSINESS. Rest assured, we will continue to publish high-quality articles in an online format. In fact, this move to an online-only presentation will serve as the first step to ward a publication that exploits the many advantages of the Web. We intend to work toward a publication that will serve customers with more relevant, more accessible, and more useful informa tion and statistics delivered in less cumbersome formats—all via a more cost-effective process. We remain excited about the future of the SURVEY. As always, we’re interested in any ideas or comments from our customers about the content of the SURVEY as well as ideas for possible new features. Please contact James Kim, Editor-in-Chief, at james.kim@bea.gov. J. Steven Landefeld Director, Bureau of Economic Analysis iv February 2014 Taking Account... Study explores health care spending growth sources As medical expenditures in the United States continue to grow, the specific sources of growth loom as a critical issue for econ omists and policymakers. In a recent paper, Bureau of Eco nomic Analysis (BEA) econo mists Abe Dunn and Eli Liebman and former BEA econ omist Adam Hale Shapiro offer a new analysis of the sources of growth at the disease level. Increasingly, economists and poli cymakers recommend that more analysis take place at the disease level, as opposed to the service level, to better assess spending and price issues. The study decomposed com mercial expenditure growth into four components using MarketScan data for 2003–2007: de mographic shifts, service price growth, service utilization growth, and prevalence-of treated-disease growth. First, the authors estimated the growth attributable to demographic shifts, primarily an aging population. Second, they allocated expenditures into disease-level categories, allowing protocols, technologies, and prices relevant to treating dis eases to vary uniquely over time. Third, they broke down expenditures into expenditure per treatment and treated preva lence of a disease. For example, in the case of hypertension, they tracked the number of episodes of treatment for hypertension per capita as well as the expendi ture per episode of treatment. Fourth, they split expenditure per episode of treatment into service price and service utiliza tion. Service price represents the payment for a specific service. Service utilization represents the quantity of services performed during an episode of treatment. The study found that rising medical care expenditures per capita (that is, per commercially enrolled person) came from two primary sources: an increase in the prevalence of treated diseases (accounting for around one-third of the increase in ex penditure growth) and an increase in service prices (accounting for about half of the increase in growth). The remaining increase was attributed to demographic shifts, in partic ular, a slightly aging commer cially insured population. Interestingly, the study found no aggregate growth stemming from service utilization per epi sode. In fact, service utilization may have fallen slightly for some conditions. While service price growth was a large contributor to expenditure growth, it is im portant to highlight that price growth did not greatly exceed inflation. After deflating price growth measures by the national personal consumption expendi ture deflator, the authors found that growth in prevalence ac counted for two-thirds of expen diture growth. The three largest contributors to expenditure growth were orthopedics, gastroenterology, and endocrinology. These categories accounted for 33 percent of expenditures in 2003 but made up 40 percent of growth in 2003– 2007. Each of the practice cate gories had large growth in ser vice prices and the prevalence of treated disease. The category with the largest growth was preventive and administrative services, which grew 64 percent. On the flip side, cardiology made up 12 percent of 2003 expenditures but accounted for less than 8 percent of the share in expenditure growth, reflecting a decline in the prevalence of heart disease and a decrease in service utilization. The decline in service utilization was driven by a shift from inpatient to out patient services and from brand to generic drugs. These shifts may be indicative of greater effi ciency, since fewer resources are necessary to treat each episode. Digging deeper into the spe cific disease categories reveals some interesting patterns. Within cardiology and endocri nology services, there was a large increase in the prevalence of early-stage contributors to heart disease such as hypertension, diabetes, obesity, and hyperlipid emia. However, there was a decline in the prevalence of ischemic heart disease. This may indicate that people are seeking treat ment for heart disease at an earlier stage of illness. Indeed, there was a large increase in spending on preventive services across the entire sample. February 2014 1 GDP and the Economy Advance Estimates for the Fourth Quarter of 2013 R EAL GROSS domestic product (GDP) increased 3.2 percent at an annual rate in the fourth quarter of 2013 after increasing 4.1 percent in the third quar ter, according to the advance estimates of the national income and product accounts (NIPAs) (chart 1 and ta ble 1).1 For the year 2013, real GDP increased 1.9 percent after increasing 2.8 percent in 2012 (see table 5). ● The deceleration in real GDP in the fourth quarter reflected a deceleration in inventory investment, a larger decrease in federal government spending, a downturn in residential fixed investment, and decelerations in state and local government spending and in nonresidential fixed investment that were partly offset by accelerations in exports and in consumer spending and a deceleration in imports.2 ● Prices of goods and services purchased by U.S. resi dents increased 1.2 percent in the fourth quarter after increasing 1.8 percent in the third quarter. Both energy prices and food prices turned down in the fourth quarter. Excluding food and energy, gross domestic purchases prices increased 1.7 percent after increasing 1.5 percent (see table 2). ● Real disposable personal income (DPI) increased 0.8 percent in the fourth quarter after increasing 3.0 per cent in the third quarter. Current-dollar DPI increased 1.5 percent in the fourth quarter after increasing 5.0 percent in the third quarter (see table 3). The sharper deceleration in current-dollar DPI than in real DPI reflected a deceleration in the implicit price deflator for consumer spending, which is used to deflate DPI. ● The personal saving rate, personal saving as a per centage of current-dollar DPI, was 4.3 percent in the fourth quarter; in the third quarter, the rate was 4.9 percent. Chart 1. GDP, Prices, Disposable Personal Income (DPI) Real GDP: Percent change from the preceding quarter 1 6 5 4 3 2 1 0 –1 –2 2010 2011 2012 2013 Contributions to the percent change in real GDP in 2013:IV Consumer spending Nonresidential fixed investment Residential fixed investment Inventory investment Exports Imports Government spending –1.0 –0.5 0 0.5 1.0 1.5 Percentage points at an annual rate 2.0 Prices: Percent change from the preceding quarter 1 4.0 Prices of gross domestic purchases 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0 2010 2011 2012 2013 Real DPI: Percent change from the preceding quarter 1 10 1.“Real” estimates are in chained (2009) dollars, and price indexes are chain-type measures. Each GDP estimate for a quarter (advance, second, and third) incorporates increasingly comprehensive and improved source data; for more information, see “Revisions to GDP, GDI, and Their Major Components” in the July 2011 SURVEY OF CURRENT BUSINESS. Quarterly esti mates 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 “personal consumption expenditures,” “inventory investment” refers to “change in private invento ries,” and “government spending” refers to “government consumption expenditures and gross investment. Lisa S. Mataloni prepared this article. 8 6 4 2 0 –2 –4 –6 –8 –10 2010 2011 1. Seasonally adjusted at annual rates U.S. Bureau of Economic Analysis 2012 2013 2.5 GDP and the Economy 2 February 2014 Real GDP Overview Table 1. Real Gross Domestic Product (GDP) and Related Measures [Seasonally adjusted at annual rates] Share of currentdollar GDP (percent) 2013 Gross domestic product 1...... Personal consumption expenditures ............................... Goods .......................................... Durable goods .......................... Nondurable goods .................... Services ....................................... Gross private domestic investment .................................. Fixed investment .......................... Nonresidential .......................... Structures ............................. Equipment ............................ Intellectual property products Residential ............................... Change in private inventories....... Net exports of goods and services ........................................ Exports......................................... Goods ....................................... Services ................................... Impor ts ......................................... Goods ....................................... Services ................................... Government consumption expenditures and gross investment .................................. Federal ......................................... National defense ...................... Nondefense .............................. State and local ............................. Addenda: Final sales of domestic product ....... Goods .............................................. Services ........................................... Structures ........................................ Motor vehicle output ........................ GDP excluding motor vehicle output Final sales of computers .................. GDP excluding final sales of computers .................................... Research and development (R&D) GDP excluding R&D ........................ Contribution to percent change in real GDP (percentage points) Change from preceding period (percent) 2013 2013 IV I II III IV I II III IV 100.0 1.1 2.5 4.1 3.2 1.1 2.5 4.1 3.2 68.1 23.1 7.5 15.5 45.1 2.3 3.7 5.8 2.7 1.5 1.8 3.1 6.2 1.6 1.2 2.0 4.5 7.9 2.9 0.7 3.3 4.9 5.9 4.4 2.5 1.54 0.85 0.43 0.43 0.69 1.24 0.71 0.46 0.26 0.53 1.36 1.03 0.58 0.46 0.32 2.26 1.12 0.44 0.68 1.14 4.7 9.2 17.2 3.4 0.71 1.38 2.56 –1.5 6.5 5.9 0.9 –0.23 0.96 0.89 –4.6 4.7 4.8 3.8 –0.57 0.56 0.58 –25.7 17.6 13.4 –1.2 –0.80 0.43 0.35 1.6 3.3 0.2 6.9 0.09 0.18 0.02 3.7 –1.5 5.8 3.2 0.14 –0.06 0.22 12.5 14.2 10.3 –9.8 0.34 0.40 0.31 0.56 0.14 0.46 –0.03 0.38 0.12 –0.32 16.2 15.3 12.2 2.8 5.6 3.9 3.1 0.9 ........ ........ ........ ........ –2.6 13.6 9.5 4.1 16.2 13.5 2.7 0.93 0.41 1.67 0.42 ........ ........ ......... ........ –0.28 –0.07 0.14 1.33 –1.3 8.0 3.9 11.4 –0.18 1.04 0.52 1.48 –2.8 9.4 5.6 15.1 –0.27 0.84 0.52 1.34 2.2 4.8 0.1 3.4 0.09 0.20 0.01 0.14 0.6 6.9 2.4 0.9 –0.10 –1.10 –0.39 –0.15 –0.2 7.5 2.4 0.8 0.03 –1.00 –0.32 –0.11 5.0 4.0 2.5 1.5 –0.13 –0.11 –0.07 –0.04 18.2 –4.2 –0.4 0.4 –4.9 –0.82 –0.07 0.08 –0.93 7.2 –8.4 –1.6 –1.5 –12.6 –0.68 –0.12 –0.11 –0.98 4.4 –11.2 –0.6 –0.5 –14.0 –0.57 –0.03 –0.02 –0.68 2.8 –3.6 –3.1 –3.1 –10.3 –0.11 –0.09 –0.09 –0.30 11.1 –1.3 0.4 1.7 99.1 0.2 2.1 2.5 31.4 5.5 3.9 10.7 61.1 0.3 0.7 0.2 7.5 –9.2 11.9 11.1 2.7 9.2 12.1 –12.9 97.3 0.9 2.2 4.7 0.4 17.5 15.4 –12.4 99.6 1.1 2.6 –0.2 97.4 1.2 2.4 1.9 2.5 4.2 3.0 4.2 0.5 –0.14 0.05 0.19 0.06 2.8 10.4 0.8 –5.1 17.8 2.8 –11.0 0.21 1.63 0.21 –0.70 0.24 0.91 0.07 2.07 1.20 0.46 0.82 0.32 2.16 0.06 2.47 3.19 0.14 0.80 –0.38 4.51 –0.05 2.81 3.12 0.50 –0.39 0.44 2.78 –0.04 3.3 1.08 2.42 4.19 3.27 0.6 0.00 0.05 0.08 0.02 3.3 1.15 2.43 4.06 3.21 1. The estimates of GDP under the contribution columns are also percent changes. NOTE. Percent changes are from NIPA tables 1.1.1 and 1.2.1, contributions are from NIPA tables 1.1.2 and 1.2.2, and shares are from NIPA table 1.1.10, or they are calculated from NIPA table 1.2.5. Consumer spending picked up in the fourth quarter, primarily reflecting a pickup in services. Spending for goods also picked up. In services, the largest contribu tors were household utilities and food services and ac commodations. Nonresidential fixed investment slowed, primarily re flecting a downturn in structures and a slowdown in intellectual property products (primarily software) that were partly offset by a pickup in equipment (pri marily due to an upturn in “other equipment” and a pickup in transportation equipment). Residential fixed investment turned down, primarily reflecting downturns in brokers’ commissions and other ownership transfer costs and in improvements. Inventory investment slowed, primarily reflecting a slowdown in nonfarm inventory investment. The slowdown was reflected in all industries except whole sale trade, which accelerated slightly. Defense spending decreased more than in the third quarter, primarily reflecting a large downturn in inter mediate services purchased. Nondefense spending also decreased more than in the third quarter, primarily reflecting a larger decrease in compensation of general government employees that reflected a reduction in hours worked related to the partial government shutdown in October 2013 (see the box on page 3). The slowdown in state and local government spending was more than accounted for by a slowdown in invest ment in structures. Real final sales of domestic product, real GDP less in ventory investment, increased 2.8 percent after in creasing 2.5 percent. SURVEY OF CURRENT BUSINESS February 2014 3 Prices Table 2. Prices for Gross Domestic Purchases [Percent change at annual rates; based on seasonally adjusted index numbers (2009=100)] Change from preceding period (percent) Contribution to percent change in gross domestic purchases prices (percentage points) 2013 2013 I 1 II III IV Gross domestic purchases ................... 1.2 0.2 1.8 1.2 Personal consumption expenditures ......... 1.1 –0.1 1.9 0.7 I II 1.2 0.2 0.72 –0.08 III IV 1.8 1.2 1.27 0.46 Goods......................................................... –1.0 –3.3 2.2 –1.8 –0.22 –0.76 0.50 –0.40 Durable goods ........................................ –1.1 –2.0 –2.3 –2.5 –0.08 –0.14 –0.17 –0.18 Nondurable goods .................................. –0.9 –4.0 4.5 –1.4 –0.14 –0.62 0.67 –0.22 Services ..................................................... 2.1 1.6 1.8 2.0 0.94 0.69 0.77 0.86 Gross private domestic investment ........... 2.1 1.9 1.7 1.7 0.31 0.28 0.26 0.27 Fixed investment ........................................ 2.3 2.0 2.0 2.8 0.33 0.29 0.29 0.41 Nonresidential ........................................ 1.3 1.2 1.2 1.4 0.16 0.14 0.14 0.17 Structures ........................................... 4.0 5.2 3.1 4.3 0.10 0.13 0.08 0.11 Equipment .......................................... –0.3 –0.4 0.3 –0.2 –0.02 –0.02 0.02 –0.01 Intellectual property products ............. 1.9 1.0 1.0 1.8 0.07 0.04 0.04 0.07 Residential.............................................. 6.3 5.1 5.2 8.3 0.17 0.15 0.15 0.24 Change in private inventories ..................... ......... ........ ....... ........ –0.02 –0.01 –0.03 –0.14 Government consumption expenditures and gross investment .............................. 0.9 0.1 1.6 2.6 0.17 0.02 0.29 0.47 Federal ....................................................... 2.4 0.8 1.0 5.4 0.18 0.06 0.08 0.38 National defense..................................... 2.8 0.9 1.0 3.3 0.13 0.04 0.05 0.14 Nondefense ............................................ 1.8 0.8 1.1 9.0 0.05 0.02 0.03 0.23 State and local ........................................... –0.1 –0.4 2.0 0.8 –0.01 –0.04 0.22 0.09 Addenda: Gross domestic purchases: Food ........................................................... 1.4 0.3 0.5 –2.6 0.07 0.02 0.03 –0.14 Energy goods and services ........................ –4.5 –12.2 11.8 –5.0 –0.16 –0.48 0.41 –0.19 Excluding food and energy ......................... 1.4 0.8 1.5 1.7 1.29 0.68 1.39 1.53 Personal consumption expenditures (PCE): Food and beverages purchased for offpremises consumption ........................... 1.3 0.5 1.2 0.1 ......... ......... ........ ......... Energy goods and ser vices ........................ –3.4 –11.9 11.8 –5.0 ......... ......... ........ ......... Excluding food and energy ......................... 1.4 0.6 1.4 1.1 ......... ......... ........ ......... Gross domestic product (GDP) ...................... Exports of goods and services ...................... Impor ts of goods and services ....................... 1.3 1.4 0.5 0.6 –3.2 –5.0 2.0 1.0 0.2 1.3 ......... ......... ........ ......... 0.3 ......... ......... ........ ......... 0.0 ......... ......... ........ ......... 1. The estimates of gross domestic purchases under the contribution columns are also percent changes. NOTE. 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 from NIPA table 2.3.7. Contributions are from NIPA table 1.6.8. GDP, export, and import prices are from NIPA table 1.1.7. Prices paid by U.S. residents, as measured by the gross domestic purchases price index, slowed, increasing 1.2 percent in the fourth quarter after increasing 1.8 per cent in the third quarter. The slowdown was primarily accounted for by a deceleration in consumer prices that was partly offset by a pickup in prices paid by government. The deceleration in consumer prices primarily re flected a downturn in goods prices that was partly off set by a slight pickup in services prices. The downturn in goods prices primarily reflected a downturn in nondurable goods, mainly for gasoline and other energy goods. Prices paid for residential investment picked up, in creasing 8.3 percent in the fourth quarter after in creasing 5.2 percent in the third quarter; the pickup primarily reflected a pickup in prices paid for the con struction of new single-family structures. Prices paid by the federal government accelerated, in creasing 5.4 percent after increasing 1.0 percent; the acceleration primarily reflected a large acceleration in prices for federal nondefense spending. The pickup in prices paid for nondefense spending primarily reflected a temporary increase in the prices paid for the compensation of federal government em ployees that was related to the partial federal govern ment shutdown (see the box). Consumer prices excluding food and energy, a mea sure of the “core” rate of inflation, slowed, increasing 1.1 percent after increasing 1.4 percent. Note on the Effects of the Partial Federal Government Shutdown of the Fourth Quarter of 2013 Because of a lapse in appropriations, some federal gov- GDP growth by about 0.3 percentage point in the fourth ernment agencies were closed, and some employees were quarter. furloughed October 1–October 16, 2013. The full effects After the shutdown, Congress legislated back pay for of the partial shutdown on real GDP growth in the the furloughed workers. As a result, the shutdown did fourth quarter cannot be quantified, because they are not affect current-dollar federal government employee embedded in the regular source data that underlie the compensation, but the prices paid for this compensation estimates and cannot be identified. However, BEA esti- temporarily increased. mated an effect of the reduction in hours worked by fedFor details, see the FAQ “How will the federal govern eral employees, which reduced real federal government ment shutdown be reflected in the methodologies used compensation in the fourth quarter. This reduction in for estimating GDP for the fourth quarter of 2013?” on real compensation is estimated to have reduced real BEA’s Web site. GDP and the Economy 4 February 2014 Personal Income Table 3. Personal Income and Its Disposition [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Level Change from preceding period 2013 Personal income ................................................. Compensation of employees............................. Wages and salaries....................................... Private industries....................................... Goods-producing industries................... Manufacturing .................................... Services-producing industries ............... Trade, transportation, and utilities ...... Other services-producing industries .. Government............................................... Supplements to wages and salaries ............. Proprietors’ income with IVA and CCAdj........... Farm .............................................................. Nonfarm ........................................................ Rental income of persons with CCAdj .............. Personal income receipts on assets ................. Personal interest income ............................... 2013 III IV I 14,226.2 8,889.3 7,163.7 5,973.1 1,197.3 749.4 4,775.8 1,132.4 3,643.4 1,190.6 1,725.6 1,360.7 131.7 1,229.0 596.6 2,030.7 1,234.2 14,295.6 8,964.7 7,229.4 6,031.4 1,213.2 759.6 4,818.3 1,144.0 3,674.3 1,197.9 1,735.3 1,352.0 109.4 1,242.6 602.2 2,030.0 1,237.7 II III –147.2 160.3 140.0 –39.1 87.2 53.8 –46.2 77.2 46.1 –42.7 79.1 49.5 6.8 13.3 10.2 1.6 3.8 3.5 –49.6 65.7 39.4 1.0 8.0 9.2 –50.6 57.7 30.2 –3.5 –1.7 –3.5 7.0 9.9 7.8 87.1 6.9 19.2 62.5 –8.0 2.7 24.6 14.9 16.5 19.5 12.8 8.9 –127.0 58.2 36.7 –2.6 9.8 8.6 Personal dividend income ............................. 796.5 792.3 –124.3 Personal current transfer receipts ..................... 2,458.0 2,464.8 38.0 Government social benefits to persons ......... 2,413.1 2,419.5 34.1 802.4 808.9 19.6 Social security ........................................... 596.5 598.0 12.1 Medicare.................................................... 438.4 440.3 –1.4 Medicaid .................................................... 62.2 59.1 –1.4 Unemployment insurance.......................... 81.6 83.1 3.5 Veterans benefits....................................... 432.0 430.1 1.8 Other ......................................................... Other current transfer receipts from 44.9 45.3 3.9 business, net ............................................. Less: Contributions for government social insurance....................................................... 1,109.1 1,118.1 125.8 IV 69.4 75.4 65.7 58.3 15.9 10.2 42.5 11.6 30.9 7.3 9.7 –8.7 –22.3 13.6 5.6 –0.7 3.5 48.4 4.9 4.5 5.1 –3.0 2.4 –5.4 3.2 2.2 28.1 27.1 26.6 7.5 10.2 12.3 –6.3 1.6 1.2 –4.2 6.8 6.4 6.5 1.5 1.9 –3.1 1.5 –1.9 0.4 0.5 0.4 9.6 5.8 9.0 39.8 –11.0 23.7 Equals: Disposable personal income (DPI) .......... 12,568.4 12,614.1 –223.5 120.5 151.0 Less: Personal outlays .......................................... 11,950.4 12,069.0 98.7 42.1 113.4 Equals: Personal saving ....................................... 618.0 545.1 –322.1 78.4 37.6 45.7 118.6 –72.9 Less: Personal current taxes................................. 1,657.8 1,681.5 Personal saving as a percentage of DPI............... Addenda: The effects of special factors on changes in DPI In government compensation: Federal pay raise............................................... Federal civilian furloughs .................................. Federal shutdown.............................................. In supplements to wages and salaries: FICA increase in maximum taxable wages ....... State unemployment insurance changes in tax rates and taxable wage base ........................ Federal Unemployment Tax Act credit reduction ....................................................... In farm proprietors’ income: Farm loan lawsuit settlement ............................ In personal dividend income: Accelerated dividends....................................... In government social benefits to persons: Cost-of-living adjustments (COLAs) 1 ............... Automatic Earnings Reappraisal Operation ..... In employee contributions for government social insurance: FICA and SECA increase in maximum taxable wages ............................................................ SMI premium increase ...................................... Additional hospital insurance tax ...................... Expiration of the “payroll tax holiday” ................ In personal current taxes: Change in indexation ........................................ Refunds, settlements, and back taxes .............. 4.9 76.2 4.3 ......... .......... .......... ............ 1.9 0.0 0.0 ............. ............. 0.0 –0.6 –4.9 ............. ............. ............. ............. .......... .......... .......... 0.0 5.5 0.0 ............. ............. 1.8 0.0 0.0 0.0 ............. ............. 3.4 0.0 0.0 0.0 ............. ............. 1.0 0.0 0.0 0.0 ............. ............. 0.0 0.0 3.4 –3.4 ............. ............. –132.6 27.0 0.0 0.0 15.2 –2.3 0.0 0.3 0.0 –0.3 0.0 2.7 ............. ............. ............. ............. Personal income, which is measured in current dol lars, slowed in the fourth quarter, increasing $69.4 bil lion after increasing $140.0 billion in the third quarter. The slowdown primarily reflected downturns in per sonal dividend income and in farm proprietors’ in come and a slowdown in government social benefits to persons that were partly offset by a pickup in private wages and salaries and an upturn in government wages and salaries. The pickup in private wages and salaries primarily re flected the pattern of monthly employment, hours, and earnings data from the Bureau of Labor Statistics for the fourth quarter. The upturn in government wages and salaries primar ily reflected the return to normal levels after the effects of administrative furloughs associated with sequestra tion in the third quarter. The downturn in farm proprietors’ income primarily reflected larger declines in prices received by farmers for crops. The downturn in personal dividend income reflected estimates based on data from corporate financial re ports. The slowdown in government social benefits to per sons primarily reflected decelerations in government Medicaid and Medicare payments. Personal current taxes turned up, primarily reflecting an upturn in state and local taxes based on a sample of state monthly collections data. Personal saving—disposable personal income less per sonal outlays—was $545.1 billion in the fourth quar ter, decreasing $72.9 billion after increasing $37.6 billion. The personal saving rate was 4.3 percent in the fourth quarter; in the third quarter, it was 4.9 percent. Chartt 2. Personal Sa Char Saving ving Rate Percent 7 Seasonally adjusted annual rates ............. ............. ............. ............. 2.1 ............. 4.3 ............. 6.7 ............. ............. 115.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 –1.4 61.5 0.0 0.0 0.0 0.0 0.0 0.0 ............. ............. ............. ............. 1. Includes COLAs for social security, veterans benefits, railroad retirement, and supplemental security income. In the first quarter, the social security COLA boosted benefits $13.2 billion. Note. Dollar levels are from NIPA tables 2.1 and 2.2B. CCAdj Capital consumption adjustment FICA Federal Insurance Contributions Act IVA Inventory valuation adjustment SECA Self-Employed Contributions Act SMI Supplementary Medical Insurance 6 5 4 3 2 2010 U.S. Bureau of Economic Analysis 2011 2012 2013 February 2014 SURVEY OF CURRENT BUSINESS 5 Source Data for the Advance Estimates Table 4. Source Data and Key Assumptions for the Advance Estimates of GDP and Its Components for the Fourth Quarter of 2013 [Billions of dollars, seasonally adjusted at annual rates] 2013 July Private fixed investment: Nonresidential structures: Value of new nonresidential construction put in place .......................................................... 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 ...................................................................................................................... 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 ...................................................................................................................... State and local government structures: Value of new construction put in place ..................................................................................... 1. All the values except the value for inventor y investment for nondurable manufacturing are assumptions. August Sept. Oct. Nov. Dec.1 302.9 303.2 304.1 305.7 313.9 309.8 169.2 30.7 171.6 32.3 172.4 33.8 171.7 34.9 174.8 35.2 178.0 35.9 1.3 11.5 –14.2 –8.6 –7.3 –0.6 40.5 39.8 60.6 75.6 62.6 44.4 1,593.6 1,590.1 1,587.5 1,627.4 1,644.8 1,628.8 1,553.4 1,560.5 1,565.9 1,599.8 1,626.8 1,606.0 2,290.0 2,288.3 2,336.5 2,333.3 2,292.0 2,285.5 2,274.8 2,271.5 2,323.0 2,316.0 2,277.9 2,269.8 –696.4 –698.2 –749.0 –706.0 –647.3 –656.7 –721.4 –711.0 –757.1 –716.1 –651.1 –663.7 251.8 254.2 249.3 256.2 251.9 254.0 2. Nonmonetary gold is included in balance-of-payments exports and imports, but it is not used directly in estimating exports and imports in the national income and product accounts. Source Data and Key Assumptions for the Advance Estimates of GDP The advance estimates of many components of GDP are Government spending: federal government outlays (3), based on 3 months of source data, but the estimates of state and local government construction spending (value some components are based on only 2 months of data. For put in place) (2), and federal and state and local governthe following items, the number of months for which data ment employment (3); are available is shown in parentheses. Compensation: private employment, average hourly earnConsumer spending: sales of retail stores (3), unit auto and ings, and average weekly hours (3); and truck sales (3), consumers’ shares of auto and truck sales Prices: consumer price indexes (3), producer price indexes (2), motor vehicle fuels data (1), and electricity and gas (3), and export and import price indexes (3). usage and unit-value data (1); Nonresidential fixed investment: unit auto and truck sales Key assumptions (3), construction spending (value put in place) (2), manu- When source data were unavailable, BEA made various facturers’ shipments of machinery and equipment (3), and assumptions for December, including the following (table exports and imports of machinery and equipment (2); 4): Residential fixed investment: construction spending (value ● A decrease in nonresidential structures, put in place) (2), single-family housing starts (3), sales of ● An increase in single-family structures, new homes (3), and sales of existing houses (3); ● A slight increase in multifamily structures, Change in private inventories: trade and nondurable- ● An increase in nonmotor vehicle merchant wholesale and goods manufacturing inventories (2), durable-goods manretail inventories, ufacturing inventories (3), and unit auto and truck invento- ● A decrease in exports of goods excluding gold and a ries (3); smaller decrease in imports of goods excluding gold, and Net exports of goods and services: exports and imports of ● An increase in state and local government construction goods and services (2) and values and quantities of petrospending. leum imports (2); A more comprehensive list is available on BEA’s Web site. GDP and the Economy 6 February 2014 Real GDP for 2013 Table 5. Real Gross Domestic Product (GDP) and Components [Seasonally adjusted at annual rates] Contribution Share of Change to percent from currentchange in preceding real GDP dollar period GDP (percentage (percent) (percent) points) 2013 Gross domestic product 1 ...................................................... Personal consumption expenditures ........................................... Goods........................................................................................... Durable goods .......................................................................... Nondurable goods .................................................................... Services ....................................................................................... Gross private domestic investment ............................................. Fixed investment .......................................................................... Nonresidential .......................................................................... Structures ............................................................................. Equipment ............................................................................ Intellectual property products ............................................... Residential................................................................................ 100.0 1.9 2.8 1.9 68.4 2.2 2.0 23.1 3.3 3.7 7.5 7.7 7.1 15.6 1.4 2.1 45.3 1.6 1.2 15.9 9.5 5.4 15.2 8.3 4.3 12.2 7.3 2.6 2.7 12.7 1.3 5.6 7.6 2.9 3.9 3.4 3.1 3.1 12.9 12.0 1.52 0.77 0.56 0.22 0.74 1.36 1.17 0.85 0.31 0.41 0.13 0.32 1.37 0.84 0.52 0.32 0.53 0.83 0.64 0.32 0.04 0.16 0.12 0.33 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 ............................................................................. 2012 2013 2012 2013 2.8 0.7 ........ ........ 0.20 0.19 –2.9 13.5 9.3 4.1 16.4 13.7 2.7 18.6 7.4 4.6 2.8 11.2 ........ 3.5 3.8 3.0 2.2 2.1 2.7 –1.0 –1.4 –3.2 1.8 –0.7 ........ 2.8 2.5 3.4 1.4 1.2 2.5 –2.2 –5.1 –7.0 –2.0 –0.2 0.10 0.48 0.36 0.12 –0.38 –0.30 –0.07 –0.20 –0.12 –0.17 0.05 –0.08 0.14 0.38 0.24 0.14 –0.23 –0.16 –0.07 –0.43 –0.41 –0.35 –0.06 –0.02 1. The estimates of GDP under the contribution columns are also percent changes. NOTE. 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. Real GDP slowed in 2013, primarily reflecting a slow down in nonresidential fixed investment, a larger de crease in federal government spending, and slowdowns in consumer spending and in exports that were partly offset by a slowdown in imports and a smaller decrease in state and local government spend ing. Consumer spending added 1.37 percentage points to the change in real GDP in 2013 after adding 1.52 per centage points in 2012. A slowdown in spending for services was partly offset by a pickup in spending for nondurable goods. The slowdown in nonresidential fixed investment re flected slowdowns in structures, equipment, and to a lesser extent, intellectual property products. Exports added 0.38 percentage point to the change in real GDP in 2013 after adding 0.48 percentage point in 2012. The slowdown was more than accounted for by a slowdown in exports of goods that was partly offset by a pickup in exports of services Imports subtracted 0.23 percentage point from the change in real GDP after subtracting 0.38 percentage point. The slowdown primarily reflected a slowdown in imported goods. Federal government spending subtracted 0.41 per centage point from the change in real GDP after sub tracting 0.12 percentage point. Both defense and nondefense spending contributed to the larger de crease. State and local government spending subtracted 0.02 percentage point from the change in real GDP after subtracting 0.08 percentage point. Char Chartt 3. Contrib Contributions utions to the Change Change in Real GDP in 2013 Chart 4. Change in Selected Components of Real GDP Percent change from preceding year 15 10 Consumer spending 5 Nonresidential fixed investment 0 Residential fixed investment –5 Inventory investment –10 Exports –15 Consumer spending Nonresidential fixed investment Residential fixed investment Government spending –20 Impor ts –25 Government spending –1.0 –0.5 U.S. Bureau of Economic Analysis 0.0 0.5 Percentage points 1.0 1.5 –30 2008 2009 U.S. Bureau of Economic Analysis 2010 2011 2012 2013 February 2014 1 Newly Available NIPA Tables This report concludes the presentation of the 2013 com prehensive revision of the national income and product accounts (NIPAs), which began in the September 2013 issue of the SURVEY OF CURRENT BUSINESS. The September 2013 SURVEY includes an article that summarizes the results of the comprehensive revision and that is followed by the presentation of most of the NIPA tables. NIPA tables 2.9, 3.18B, 3.19, 3.22, 3.23, 5.10 (formerly 5.9.), and 7.19 (formerly 7.20) were published in the Janu ary 2014 SURVEY. In this issue, NIPA tables 3.15.1–3.15.6, 3.16, 3.17, 3.20, 3.21, 7.12, and 7.15 are presented. All the NIPA estimates are also available in interactive tables on BEA’s Web site at www.bea.gov. Table 3.15.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross Investment by Function Table 3.15.2. Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment by Function Line [Percent] Line Government ............................................. General public service........................................... National defense ................................................... Public order and safety.......................................... Economic affairs .................................................... Transportation ................................................... Space ................................................................ Other economic affairs ...................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... Federal ..................................................... General public service........................................... National defense ................................................... Public order and safety.......................................... Economic affairs .................................................... Transportation ................................................... Space ................................................................ Other economic affairs ...................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... State and local......................................... General public service........................................... Public order and safety.......................................... Economic affairs .................................................... Transportation ................................................... Other economic affairs ...................................... Housing and community services ......................... Health (net) ........................................................... Gross expenditures ........................................... Less: Sales to other sectors .............................. Recreation and culture .......................................... Education .............................................................. Elementary and secondary ............................... Higher................................................................ Libraries and other ............................................ Income security ..................................................... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 2009 3.2 5.2 5.4 2.0 3.4 2.6 1.4 5.5 1.1 5.4 3.1 0.7 1.3 5.7 7.7 5.4 5.9 5.1 1.8 1.4 8.6 –8.3 7.8 5.4 4.6 3.0 1.6 4.4 1.3 2.5 2.7 2.1 1.4 1.9 2.6 3.0 2.8 0.6 –0.1 2.8 3.8 0.9 2010 0.1 –1.4 3.2 –1.9 1.8 –0.3 –2.7 7.0 2.1 1.5 –2.3 –2.9 –0.6 4.4 4.1 3.2 0.1 10.7 4.6 –2.7 19.5 15.7 5.0 13.7 0.1 11.5 –2.7 –3.1 –2.3 –2.5 –1.1 –7.3 1.7 –4.1 0.1 2.2 –4.5 –2.9 –3.4 –0.8 –2.0 –3.4 2011 –3.2 –4.3 –2.3 –1.4 –5.6 –3.2 –6.7 –9.8 –12.3 0.0 –6.1 –3.0 –5.0 –2.6 –3.0 –2.3 0.0 –8.3 1.9 –6.7 –13.5 9.4 3.5 –8.7 3.9 –15.6 –3.6 –4.7 –1.6 –4.1 –4.1 –4.3 –13.0 –5.9 0.4 3.2 –5.7 –3.0 –4.7 4.0 –3.0 –2.1 2012 –1.0 0.7 –3.2 0.3 –0.9 –0.3 –9.4 –0.4 –7.7 4.8 –1.8 –0.9 –1.1 –1.4 4.3 –3.2 1.0 –2.5 1.9 –9.4 –2.3 –3.8 5.9 –2.8 0.6 0.5 –0.7 –0.6 0.2 –0.1 –0.6 2.1 –7.8 2.9 2.1 1.7 –1.7 –0.9 –4.3 11.8 0.4 –1.5 Percent change at annual rate: Government ............................................ Percentage points at annual rates: General public service .......................................... National defense ................................................... Public order and safety ......................................... Economic affairs ................................................... Transportation ................................................... Space ............................................................... Other economic affairs...................................... Housing and community services ......................... Health ................................................................... Recreation and culture.......................................... Education .............................................................. Income security..................................................... Federal ..................................................... General public service .......................................... National defense ................................................... Public order and safety ......................................... Economic affairs ................................................... Transportation ................................................... Space ............................................................... Other economic affairs...................................... Housing and community services ......................... Health ................................................................... Recreation and culture.......................................... Education .............................................................. Income security..................................................... State and local ........................................ General public service .......................................... Public order and safety ......................................... Economic affairs ................................................... Transportation ................................................... Other economic affairs...................................... Housing and community services ......................... Health (net) ........................................................... Gross expenditures........................................... Less: Sales to other sectors ............................. Recreation and culture.......................................... Education .............................................................. Elementary and secondary............................... Higher ............................................................... Libraries and other............................................ Income security..................................................... 2009 2010 2011 2012 1 3.2 0.1 –3.2 –1.0 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 0.44 1.35 0.23 0.49 0.23 0.01 0.24 0.02 0.36 0.04 0.18 0.04 2.18 0.15 1.35 0.11 0.23 0.02 0.01 0.20 –0.01 0.31 0.01 0.01 0.02 0.97 0.28 0.13 0.25 0.21 0.04 0.03 0.05 0.21 –0.16 0.04 0.17 –0.01 0.14 0.04 0.02 –0.12 0.82 –0.21 0.26 –0.03 –0.03 0.32 0.04 0.10 –0.03 –0.77 –0.02 1.71 0.08 0.82 0.00 0.50 0.06 –0.03 0.47 0.01 0.21 0.02 0.00 0.07 –1.64 –0.20 –0.22 –0.24 –0.09 –0.15 0.03 –0.11 0.01 –0.12 –0.05 –0.77 –0.71 –0.04 –0.02 –0.08 –0.36 –0.61 –0.15 –0.83 –0.29 –0.07 –0.48 –0.25 0.00 –0.08 –0.77 –0.15 –1.06 –0.07 –0.61 0.00 –0.43 0.02 –0.07 –0.39 0.01 0.15 –0.02 0.01 –0.10 –2.15 –0.30 –0.15 –0.40 –0.31 –0.08 –0.25 –0.15 0.03 –0.18 –0.07 –0.78 –0.95 0.19 –0.03 –0.05 0.06 –0.85 0.04 –0.13 –0.02 –0.09 –0.02 –0.14 0.34 –0.02 –0.24 –0.03 –0.59 0.09 –0.85 0.02 –0.12 0.03 –0.09 –0.06 0.00 0.27 0.00 0.00 0.00 –0.39 –0.04 0.02 –0.01 –0.05 0.04 –0.14 0.07 0.17 –0.10 –0.02 –0.24 –0.84 0.60 0.00 –0.04 Newly Available NIPA Tables 2 February 2014 Table 3.15.3. Real Government Consumption Expenditures and Gross Investment by Function, Quantity Indexes Table 3.15.4. Price Indexes for Government Consumption Expenditures and Gross Investment by Function [Index numbers, 2009=100] [Index numbers, 2009=100] Line Government ............................................. General public service........................................... National defense ................................................... Public order and safety.......................................... Economic affairs .................................................... Transportation ................................................... Space ................................................................ Other economic affairs ...................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... Federal ..................................................... General public service........................................... National defense ................................................... Public order and safety.......................................... Economic affairs .................................................... Transportation ................................................... Space ................................................................ Other economic affairs ...................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... State and local ......................................... General public service........................................... Public order and safety.......................................... Economic affairs .................................................... Transportation ................................................... Other economic affairs ...................................... Housing and community services ......................... Health (net)............................................................ Gross expenditures ........................................... Less: Sales to other sectors .............................. Recreation and culture .......................................... Education .............................................................. Elementary and secondary ............................... Higher................................................................ Libraries and other ............................................ Income security ..................................................... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 2009 2010 2011 2012 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.074 98.637 103.203 98.118 101.800 99.671 97.301 107.030 102.147 101.514 97.719 97.142 99.431 104.350 104.055 103.203 100.072 110.665 104.610 97.301 119.521 115.717 105.032 113.741 100.063 111.533 97.293 96.881 97.731 97.543 98.870 92.713 101.736 95.887 100.118 102.156 95.515 97.112 96.562 99.219 98.047 96.578 96.868 94.400 100.802 96.782 96.109 96.485 90.797 96.566 89.618 101.557 91.778 94.265 94.457 101.660 100.931 100.802 100.063 101.475 106.573 90.797 103.441 126.550 108.658 103.836 104.007 94.159 93.751 92.282 96.132 93.526 94.852 88.694 88.503 90.240 100.478 105.445 90.116 94.167 91.986 103.177 95.129 94.539 95.921 95.054 97.562 97.107 95.250 96.243 82.293 96.187 82.737 106.478 90.083 93.404 93.398 100.212 105.318 97.562 101.096 98.953 108.634 82.293 101.086 121.792 115.053 100.948 104.612 94.596 93.128 91.736 96.317 93.441 94.248 90.547 81.560 92.843 102.567 107.280 88.582 93.291 88.034 115.361 95.476 93.127 NOTE. Government consumption expenditures and gross investment is net of sales to other sectors. Thus, growth in the prices or quantities of sales to other sectors may partially, exactly, or more than offset the growth in the prices or quantities of gross consumption expenditures and gross investment. Line Government............................................. General public service .......................................... National defense ................................................... Public order and safety ......................................... Economic affairs ................................................... Transportation ................................................... Space................................................................ Other economic affairs ...................................... Housing and community services ......................... Health ................................................................... Recreation and culture.......................................... Education .............................................................. Income security..................................................... Federal ..................................................... General public service .......................................... National defense ................................................... Public order and safety ......................................... Economic affairs ................................................... Transportation ................................................... Space................................................................ Other economic affairs ...................................... Housing and community services ......................... Health ................................................................... Recreation and culture.......................................... Education .............................................................. Income security..................................................... State and local ........................................ General public service .......................................... Public order and safety ......................................... Economic affairs ................................................... Transportation ................................................... Other economic affairs ...................................... Housing and community services ......................... Health (net) ........................................................... Gross expenditures ........................................... Less: Sales to other sectors ............................. Recreation and culture.......................................... Education .............................................................. Elementary and secondary ............................... Higher ............................................................... Libraries and other ............................................ Income security..................................................... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 2009 2010 2011 2012 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.673 102.486 102.365 102.616 102.469 102.089 102.518 103.191 103.132 102.698 101.392 103.254 102.210 102.614 103.166 102.365 102.417 103.303 102.877 102.518 103.836 103.274 103.204 101.401 102.251 102.674 102.714 102.259 102.656 102.050 101.958 102.398 103.127 101.857 102.482 102.774 101.392 103.264 103.547 102.164 102.985 102.093 105.560 105.748 105.191 105.286 106.274 106.679 104.468 105.883 107.806 106.278 105.130 105.326 104.869 105.344 105.929 105.191 105.188 105.669 105.797 104.468 106.069 106.604 105.731 103.708 105.075 105.502 105.710 105.695 105.305 106.616 106.843 105.717 107.855 107.366 105.550 104.787 105.361 105.328 106.021 102.463 106.025 104.708 106.882 107.236 106.252 106.684 108.956 110.465 104.572 106.908 110.664 106.375 106.704 106.247 106.636 106.184 106.477 106.252 106.073 106.087 106.780 104.572 106.292 107.214 105.900 104.535 106.210 106.317 107.371 107.524 106.809 110.456 111.144 107.781 110.812 107.322 107.220 107.170 107.053 106.247 107.420 101.654 107.429 106.700 NOTE. Government consumption expenditures and gross investment is net of sales to other sectors. Thus, growth in the prices or quantities of sales to other sectors may partially, exactly, or more than offset the growth in the prices or quantities of gross consumption expenditures and gross investment. SURVEY OF CURRENT BUSINESS February 2014 3 Table 3.15.5. Government Consumption Expenditures and Gross Investment by Function [Billions of dollars] Line Government ............................................. General public service ........................................ Executive and legislative ................................... Tax collection and financial management ......... Other ................................................................. National defense ................................................. Public order and safety....................................... Police................................................................. Fire .................................................................... Law courts......................................................... Prisons .............................................................. Economic affairs ................................................. Transportation ................................................... Highways....................................................... Air.................................................................. Water............................................................. Transit and railroad........................................ Space ................................................................ Other economic affairs ...................................... General economic and labor affairs .............. Agriculture ..................................................... Energy........................................................... Natural resources .......................................... Postal service ................................................ Other ............................................................. Housing and community services ..................... Health ................................................................... Recreation and culture ....................................... Education ............................................................. Elementary and secondary ............................... Higher................................................................ Libraries and other ............................................ Libraries ........................................................ Other ............................................................. Income security ................................................... Disability............................................................ Retirement 1 ...................................................... Welfare and social services .............................. Unemployment .................................................. Other ................................................................. Federal ..................................................... General public service ........................................ Executive and legislative ................................... Tax collection and financial management ......... Other ................................................................. National defense ................................................. Public order and safety....................................... Police................................................................. Fire .................................................................... Law courts......................................................... Prisons .............................................................. Economic affairs ................................................. Transportation ................................................... Highways....................................................... Air.................................................................. Water............................................................. Transit and railroad........................................ Space ................................................................ 2009 2010 2011 2012 1 3,089.1 3,174.0 3,158.7 3,167.0 2 264.0 266.9 263.5 269.1 3 83.3 85.4 87.6 89.0 4 54.2 55.6 50.8 54.6 5 126.5 125.9 125.1 125.5 6 788.3 832.8 835.8 817.1 7 351.4 353.9 358.1 364.1 8 154.3 158.1 161.0 163.0 9 50.8 51.1 50.9 51.2 10 57.7 58.2 59.4 61.4 11 88.7 86.5 86.9 88.5 466.0 458.6 468.4 449.0 12 294.7 285.3 282.1 277.2 13 224.6 217.3 214.4 212.1 14 33.6 32.6 32.9 32.0 15 18.1 17.7 17.0 15.6 16 18.4 17.6 17.7 17.5 17 27.7 30.5 32.1 32.1 18 143.6 142.8 154.2 139.6 19 20 30.2 33.0 31.8 30.6 21 16.2 20.0 17.3 17.7 22 41.4 46.7 39.3 41.0 23 47.7 50.8 51.0 51.2 24 3.3 3.0 2.7 2.5 25 0.8 0.7 0.6 0.7 26 60.5 63.8 58.5 55.4 27 209.5 218.4 226.1 237.3 28 43.3 42.9 41.8 41.6 822.1 822.5 830.9 828.4 29 602.3 621.3 636.8 637.2 30 181.9 164.0 157.1 154.9 31 37.9 37.2 37.0 36.3 32 12.7 12.6 12.8 13.2 33 25.2 24.6 24.2 23.1 34 35 94.7 96.2 93.8 94.3 36 4.6 4.2 4.1 4.0 37 3.0 3.0 2.6 2.7 38 81.6 84.0 82.0 82.7 39 0.1 0.2 0.2 0.2 40 5.3 4.7 5.0 4.7 41 1,217.7 1,303.9 1,304.1 1,295.7 42 64.4 69.1 68.9 72.2 43 47.5 50.6 53.3 54.7 44 16.9 18.6 15.6 17.5 45 ............... ............... ............... ............... 46 788.3 832.8 835.8 817.1 47 58.1 59.6 61.2 62.4 48 40.3 41.1 42.6 43.4 49 1.2 1.1 1.1 1.0 50 9.7 10.4 10.3 10.5 51 6.9 7.0 7.2 7.4 52 144.9 165.7 155.4 152.1 53 38.5 41.5 43.5 44.7 54 2.7 3.1 3.2 3.5 55 21.8 22.8 23.6 24.6 56 13.6 15.0 15.7 15.6 57 0.4 0.6 0.9 0.9 58 32.1 32.1 30.5 27.7 1. Consists of consumption expenditures to administer social insurance funds, including old age and survivors insurance (social security) and railroad retirement. Excludes government employee retirement plans. Other economic affairs ...................................... General economic and labor affairs .............. Agriculture..................................................... Energy .......................................................... Natural resources ......................................... Postal service................................................ Housing and community services..................... Health ................................................................... Recreation and culture ....................................... Education............................................................. Elementary and secondary ............................... Higher ............................................................... Other ................................................................. Income security................................................... Disability ........................................................... Retirement 1 ...................................................... Welfare and social services .............................. Unemployment .................................................. Other ................................................................. State and local ........................................ General public service........................................ Executive and legislative ................................... Tax collection and financial management ......... Other 2 .............................................................. Public order and safety ...................................... Police ................................................................ Fire.................................................................... Law courts ........................................................ Prisons .............................................................. Economic affairs ................................................. Transportation ................................................... Highways ...................................................... Air ................................................................. Water ............................................................ Transit and railroad ....................................... Other economic affairs ...................................... General economic and labor affairs .............. Agriculture..................................................... Energy .......................................................... Natural resources ......................................... Other ............................................................. Housing and community services..................... Water ................................................................ Sewerage .......................................................... Sanitation .......................................................... Housing and other ............................................ Health (net) .......................................................... Gross expenditures ........................................... Less: Sales to other sectors ............................. Recreation and culture ....................................... Education............................................................. Elementary and secondary ............................... Higher ............................................................... Libraries and other ............................................ Libraries ........................................................ Other ............................................................. Income security................................................... Disability ........................................................... Welfare and social services .............................. Line 2009 2010 2011 2012 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 74.2 7.4 9.9 27.7 25.9 3.3 1.8 128.6 5.2 8.3 1.5 1.3 5.6 18.0 0.7 3.0 8.8 0.1 5.3 1,871.4 199.6 35.8 37.4 126.5 293.3 113.9 49.6 48.0 81.8 304.1 238.7 209.4 10.2 2.0 17.0 65.4 22.8 6.3 13.7 21.7 0.8 58.8 19.3 21.6 11.4 6.4 80.9 248.1 167.2 38.1 820.0 635.7 153.6 30.8 13.2 17.6 76.7 3.9 72.8 92.1 11.5 13.7 33.9 30.1 3.0 2.1 139.4 6.0 8.5 1.2 1.4 5.9 20.6 0.7 3.0 11.9 0.2 4.7 1,870.2 197.7 34.9 37.0 125.9 294.3 117.0 50.0 47.8 79.5 302.7 240.6 211.3 10.2 2.0 17.1 62.1 21.5 6.3 12.8 20.7 0.7 61.7 19.4 22.7 10.6 9.0 79.0 254.5 175.5 36.9 822.4 635.6 155.7 31.1 12.8 18.2 75.6 3.5 72.1 81.5 10.2 10.7 27.7 30.1 2.7 2.4 147.7 5.6 9.1 1.4 1.6 6.2 17.9 0.7 2.6 9.5 0.2 5.0 1,854.7 194.7 34.3 35.2 125.1 296.9 118.3 49.8 49.0 79.7 303.2 241.9 214.1 9.0 2.0 16.8 61.3 21.5 6.6 11.6 20.9 0.6 56.1 17.5 20.9 10.3 7.5 78.4 263.1 184.7 36.1 813.4 619.9 162.4 31.0 12.6 18.5 75.9 3.4 72.5 79.8 7.8 10.7 28.9 29.8 2.5 2.3 156.6 5.5 9.3 1.1 1.8 6.4 18.1 0.7 2.7 9.8 0.2 4.7 1,871.3 196.9 34.3 37.1 125.5 301.7 119.6 50.1 50.9 81.1 313.8 250.0 221.0 9.0 2.5 17.5 63.8 22.8 6.9 12.1 21.4 0.7 53.1 17.1 20.1 9.8 6.1 80.6 272.8 192.2 36.1 812.8 601.1 180.1 31.6 12.7 18.8 76.2 3.3 72.9 2. Consists primarily of unallocable state and local government consumption expenditures and gross invest ment. 4 Newly Available NIPA Tables February 2014 Table 3.15.6. Real Government Consumption Expenditures and Gross Investment by Function, Chained Dollars [Billions of chained (2009) dollars] Line Government ............................................. General public service........................................... National defense ................................................... Public order and safety.......................................... Economic affairs.................................................... Transportation ................................................... Space ................................................................ Other economic affairs ...................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... Federal ..................................................... General public service........................................... National defense ................................................... Public order and safety.......................................... Economic affairs.................................................... Transportation ................................................... Space ................................................................ Other economic affairs ...................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... State and local......................................... General public service........................................... Public order and safety.......................................... Economic affairs.................................................... Transportation ................................................... Other economic affairs ...................................... Housing and community services ......................... Health (net) ........................................................... Gross expenditures ........................................... Less: Sales to other sectors.............................. Recreation and culture .......................................... Education .............................................................. Elementary and secondary ............................... Higher ............................................................... Libraries and other ............................................ Income security ..................................................... Residual ................................................................ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 2009 2010 2011 2012 3,089.1 264.0 788.3 351.4 449.0 277.2 32.1 139.6 60.5 209.5 43.3 828.4 94.7 1,217.7 64.4 788.3 58.1 144.9 38.5 32.1 74.2 1.8 128.6 5.2 8.3 18.0 1,871.4 199.6 293.3 304.1 238.7 65.4 58.8 80.9 248.1 167.2 38.1 820.0 635.7 153.6 30.8 76.7 0.0 3,091.4 260.4 813.5 344.8 457.1 276.3 31.3 149.5 61.8 212.7 42.3 804.7 94.2 1,270.7 67.0 813.5 58.2 160.4 40.3 31.3 88.7 2.1 135.0 5.9 8.3 20.1 1,820.8 193.4 286.7 296.6 236.0 60.6 59.8 77.6 248.4 170.8 36.4 796.4 613.8 152.4 30.2 74.1 0.0 2,992.3 249.2 794.6 340.1 431.5 267.5 29.2 134.8 54.3 212.7 39.7 780.9 89.4 1,237.9 65.0 794.6 58.2 147.1 41.1 29.2 76.8 2.3 139.7 5.4 8.7 17.0 1,754.5 184.2 282.0 284.4 226.4 58.0 52.0 73.0 249.3 176.3 34.3 772.2 584.7 158.5 29.3 72.5 –0.6 2,963.1 250.9 769.1 341.3 427.7 266.8 26.5 134.3 50.1 223.1 39.0 773.7 88.4 1,220.3 67.8 769.1 58.8 143.4 41.9 26.5 75.1 2.2 147.9 5.3 8.7 17.0 1,742.8 183.1 282.5 284.1 224.9 59.2 47.9 75.1 254.4 179.3 33.7 765.0 559.6 177.2 29.4 71.4 –1.2 NOTE. Government consumption expenditures and gross investment is net of sales to other sectors. Thus, growth in the prices or quantities of sales to other sectors may partially, exactly, or more than offset the growth in the prices or quantities of gross consumption expenditures and gross investment. The residual line is the difference between the first line and the sum of the most detailed lines. SURVEY OF CURRENT BUSINESS February 2014 5 Table 3.16. Government Current Expenditures by Function [Billions of dollars] Line Government 1 .......................................... General public service ........................................ Executive and legislative ................................... Tax collection and financial management ......... Interest payments 2 ........................................... Other 3 .............................................................. National defense ................................................. Public order and safety....................................... Police................................................................. Fire .................................................................... Law courts......................................................... Prisons .............................................................. Economic affairs ................................................. Transportation ................................................... Highways....................................................... Air.................................................................. Water............................................................. Transit and railroad........................................ Space ................................................................ Other economic affairs ...................................... General economic and labor affairs .............. Agriculture ..................................................... Energy........................................................... Natural resources .......................................... Postal service ................................................ Other 4 .......................................................... Housing and community services ..................... Health ................................................................... Recreation and culture ....................................... Education ............................................................. Elementary and secondary ............................... Higher................................................................ Libraries and other ............................................ Libraries ........................................................ Other ............................................................. Income security ................................................... Disability ............................................................ Retirement 5 ...................................................... Welfare and social services .............................. Unemployment .................................................. Other ................................................................. Federal ..................................................... General public service ........................................ Executive and legislative ................................... Tax collection and financial management ......... Interest payments 2 ........................................... Other 6 .............................................................. National defense ................................................. Public order and safety....................................... Police................................................................. Fire .................................................................... Law courts......................................................... Prisons .............................................................. Economic affairs ................................................. Transportation ................................................... Highways....................................................... Air.................................................................. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 2009 2010 2011 2012 5,213.0 821.7 121.2 51.8 542.4 106.2 613.8 329.3 142.0 47.8 55.3 84.2 304.1 157.8 124.3 18.9 11.9 2.7 21.2 125.2 43.6 27.1 17.1 37.4 0.0 –0.1 46.1 1,049.6 33.8 780.6 573.9 142.0 64.7 11.7 53.0 1,234.0 186.4 581.4 248.1 141.4 76.7 3,479.9 458.4 89.7 15.1 353.6 0.0 614.6 53.4 36.9 1.1 8.7 6.7 146.0 34.5 1.3 18.9 5,451.8 853.8 120.2 53.6 572.7 107.4 653.6 332.2 145.6 48.5 55.7 82.4 316.0 161.3 125.3 19.7 13.0 3.4 20.6 134.1 42.0 30.7 22.5 38.9 0.0 –0.1 46.1 1,101.5 34.0 813.0 583.9 154.6 74.6 11.6 63.0 1,301.5 199.1 600.3 264.0 150.2 87.9 3,721.3 487.1 89.4 17.1 380.6 0.0 654.4 55.3 38.2 1.0 9.3 6.9 161.0 37.0 1.3 19.7 5,535.4 900.7 127.8 48.9 615.5 108.6 663.2 335.3 147.7 48.4 56.8 82.4 315.3 167.3 130.6 20.2 13.5 3.0 19.6 128.4 45.9 26.5 17.3 38.8 0.0 –0.1 46.9 1,138.4 33.5 812.0 571.5 160.7 79.9 11.4 68.4 1,290.1 208.6 619.5 267.8 107.9 86.2 3,764.9 534.3 97.5 14.2 422.6 0.0 663.9 55.6 38.8 1.0 9.1 6.7 158.0 38.1 1.7 20.2 5,621.6 918.6 123.1 52.8 631.6 111.2 652.6 340.8 149.6 48.6 58.8 83.8 319.6 173.8 136.3 21.4 13.4 2.7 17.2 128.5 43.3 27.1 18.4 39.9 0.0 0.0 45.4 1,186.1 33.8 811.6 553.1 175.9 82.6 11.5 71.1 1,313.2 223.2 646.9 272.9 84.7 85.4 3,772.7 530.5 93.4 16.5 420.6 0.0 653.3 56.8 39.6 0.9 9.3 7.1 152.6 39.3 2.1 21.4 1. Equals federal government current expenditures less grants-in-aid to state and local governments plus state and local government current expenditures. Federal grants-in-aid to state and local governments by func tion are shown in table 3.17. 2. Prior to 1960, federal interest receipts are not available separately but are included in interest payments, which is shown net of federal interest receipts. Interest payments includes interest accrued on the actuarial liabilities of defined benefit pension plans for government employees. 3. Equals unallocable state and local government expenditures; includes federal government revenue sharing grants to state and local governments beginning with 1972 and ending with 1987. 4. Consists of state and local government publicly owned liquor store systems, government-administered Water ............................................................ Transit and railroad ....................................... Space................................................................ Other economic affairs ...................................... General economic and labor affairs .............. Agriculture .................................................... Energy .......................................................... Natural resources ......................................... Postal service ............................................... Housing and community services .................... Health ................................................................... Recreation and culture ....................................... Education ............................................................ Elementary and secondary............................... Higher ............................................................... Other ................................................................. Income security .................................................. Disability ........................................................... Retirement 5...................................................... Welfare and social services .............................. Unemployment.................................................. Other ................................................................. State and local ........................................ General public service ....................................... Executive and legislative ................................... Tax collection and financial management ......... Interest payments ............................................. Other 7 .............................................................. Public order and safety ...................................... Police ................................................................ Fire.................................................................... Law courts ........................................................ Prisons .............................................................. Economic affairs ................................................. Transportation ................................................... Highways ...................................................... Transit and railroad ....................................... Other economic affairs ...................................... General economic and labor affairs .............. Agriculture .................................................... Energy .......................................................... Natural resources ......................................... Other 4 .......................................................... Housing and community services 8 .................. Health (net) .......................................................... Gross expenditures ........................................... Less: Sales to other sectors ............................. Recreation and culture ....................................... Education ............................................................ Elementary and secondary............................... Higher ............................................................... Libraries and other ............................................ Libraries ........................................................ Other............................................................. Income security .................................................. Disability ........................................................... Welfare and social services .............................. Line 2009 2010 2011 2012 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 12.0 2.3 21.2 90.4 25.3 22.3 18.5 24.3 0.0 52.8 878.2 5.3 105.3 56.5 34.4 14.4 1,165.8 167.6 581.4 187.8 145.5 83.5 2,191.2 364.9 33.2 36.7 188.8 106.2 281.8 110.1 46.7 46.6 78.4 170.4 123.4 123.0 0.4 47.0 23.5 6.0 0.0 17.5 –0.1 10.2 445.7 612.9 167.2 29.0 731.9 571.7 108.1 52.1 11.7 40.4 157.3 21.1 136.2 13.1 2.9 20.6 103.4 24.7 25.7 26.1 26.9 0.0 60.3 926.2 5.8 134.4 66.0 46.0 22.4 1,236.7 180.9 600.3 207.5 155.0 93.0 2,235.8 368.6 32.7 36.4 192.1 107.4 283.6 113.2 47.5 46.4 76.5 169.5 124.4 124.0 0.4 45.1 22.4 6.0 0.0 16.8 –0.1 9.8 470.5 646.0 175.5 28.7 746.9 581.7 111.2 54.0 11.6 42.4 158.2 20.7 137.5 13.6 2.6 19.6 100.3 29.7 21.3 22.9 26.5 0.0 62.3 931.1 5.4 130.3 55.2 48.6 26.5 1,224.0 190.8 619.5 209.7 112.1 91.9 2,243.0 368.5 32.4 34.6 192.9 108.6 286.2 114.5 47.4 47.7 76.6 174.3 129.3 128.9 0.4 45.0 22.2 6.3 0.0 16.6 –0.1 8.5 477.5 662.2 184.7 28.6 742.2 569.3 117.5 55.4 11.4 44.0 157.2 20.5 136.7 13.6 2.2 17.2 96.1 24.8 21.4 22.0 27.9 0.0 58.1 960.8 5.5 110.8 40.0 43.5 27.3 1,244.4 205.4 646.9 212.9 87.7 91.5 2,292.1 390.9 32.4 36.3 211.0 111.2 290.6 115.6 47.7 49.6 77.7 181.3 134.7 134.2 0.5 46.6 23.5 6.6 0.0 16.7 0.0 8.0 491.2 683.4 192.2 28.7 744.3 551.4 135.6 57.3 11.5 45.8 157.1 20.4 136.7 lotteries and parimutuels, and other commercial activities. 5. Consists of social insurance funds, including old age, survivors, and disability insurance (social security), and railroad retirement. Excludes government employee retirement plans. 6. Consists primarily of federal government revenue sharing grants to state and local governments beginning with 1972 and ending with 1987. 7. Equals unallocable state and local government expenditures. 8. Consists of current expenditures for sanitation. Beginning with 2007, includes housing subsidies related to Hurricanes Katrina and Rita. Newly Available NIPA Tables 6 February 2014 Table 3.17. Selected Government Current and Capital Expenditures by Function [Billions of dollars] Line Current expenditures 1 Consumption expenditures: Government ............................................. General public service........................................... National defense ................................................... Public order and safety.......................................... Economic affairs .................................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... Federal ..................................................... General public service........................................... National defense ................................................... Public order and safety.......................................... Economic affairs .................................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... State and local ......................................... General public service........................................... Public order and safety.......................................... Economic affairs .................................................... Housing and community services ......................... Health (net)............................................................ Gross expenditures ........................................... Less: Sales to other sectors .............................. Recreation and culture .......................................... Education .............................................................. Income security ..................................................... Government social benefits: Government ............................................. General public service........................................... Public order and safety.......................................... Economic affairs .................................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... Federal ..................................................... General public service........................................... Public order and safety.......................................... Economic affairs .................................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... State and local ......................................... General public service........................................... Public order and safety.......................................... Economic affairs .................................................... Health .................................................................... Education .............................................................. Income security ..................................................... Grants-in-aid to state and local governments: Federal 2 ................................................... General public service........................................... National defense ................................................... Public order and safety.......................................... Economic affairs .................................................... Transportation ................................................... Space ................................................................ Other economic affairs ...................................... General economic and labor affairs .............. Agriculture ..................................................... Energy ........................................................... Natural resources .......................................... Housing and community services ......................... Health .................................................................... Recreation and culture .......................................... Education .............................................................. Income security ..................................................... Disability ............................................................ Welfare and social services............................... Unemployment .................................................. Other ................................................................. 2009 2010 2011 Line 2012 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 2,442.1 230.0 613.3 328.9 276.5 10.6 145.4 33.6 713.7 90.0 933.7 55.3 613.3 47.3 107.9 1.4 82.9 4.2 6.5 14.8 1,508.4 174.6 281.6 168.6 9.2 62.5 229.7 167.2 29.4 707.3 75.2 2,522.2 233.7 653.2 331.9 291.1 10.6 149.7 33.6 727.3 91.1 1,003.9 59.1 653.2 48.5 123.5 1.7 89.7 4.6 6.6 17.0 1,518.3 174.6 283.4 167.6 8.9 60.0 235.5 175.5 29.1 720.7 74.1 2,526.1 232.6 662.8 335.1 287.1 10.4 154.3 33.2 721.5 89.0 1,008.7 58.6 662.8 49.0 114.5 1.9 95.9 4.3 7.0 14.6 1,517.4 174.0 286.1 172.6 8.5 58.4 243.1 184.7 28.9 714.5 74.4 2,548.0 240.3 652.0 340.7 293.1 10.0 166.5 33.2 722.6 89.5 1,011.7 61.8 652.0 50.0 113.2 2.0 106.1 4.5 7.2 14.8 1,536.4 178.5 290.7 179.9 8.0 60.5 252.7 192.2 28.7 715.4 74.7 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 2,117.5 2.3 0.3 3.4 0.0 904.5 0.6 65.5 1,140.9 1,624.9 1.5 0.1 2.0 0.0 520.5 0.6 41.5 1,058.8 492.6 0.9 0.2 1.4 383.9 24.0 82.2 2,250.5 2.4 0.3 3.5 0.1 951.8 0.7 84.3 1,207.4 1,726.6 1.5 0.1 2.0 0.1 540.5 0.7 58.5 1,123.2 523.8 0.9 0.2 1.5 411.3 25.8 84.2 2,277.4 2.5 0.2 3.0 0.3 983.5 0.6 89.1 1,198.1 1,745.3 1.6 0.1 1.8 0.3 563.7 0.6 61.9 1,115.3 532.0 0.8 0.2 1.2 419.8 27.1 82.9 2,334.8 2.2 0.3 3.0 0.5 1,019.7 0.6 87.8 1,220.6 1,790.5 1.5 0.1 1.9 0.5 588.3 0.6 59.4 1,138.1 544.3 0.7 0.2 1.1 431.4 28.5 82.5 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 458.1 1.6 0.8 5.9 12.4 0.1 0.0 12.2 5.2 1.2 1.3 4.5 17.0 274.3 0.4 56.6 89.1 2.3 75.9 4.1 6.9 505.3 1.9 0.8 6.7 14.5 0.1 0.0 14.4 5.1 1.0 3.5 4.7 24.0 295.2 0.5 68.3 93.4 2.5 80.9 4.8 5.1 472.5 2.1 0.7 6.5 17.1 0.1 0.0 16.9 6.0 1.1 5.6 4.3 23.9 270.3 0.5 60.5 91.0 2.7 78.5 4.1 5.7 443.2 2.7 0.7 6.6 14.3 0.1 0.0 14.2 5.0 0.9 3.7 4.7 20.7 265.9 0.5 43.5 88.3 2.6 76.7 3.0 6.1 1. Equals consumption expenditures, government social benefits, interest payments, and subsidies; for federal government, also includes grants-in-aid to state and local governments and other current transfer payments to the rest of the world (net). Government, federal government, and state and local government current expenditures are shown separately in tables 3.1, 3.2, and 3.3. 2. Federal grants-in-aid to state and local governments are included in federal current expenditures; because the grants are transactions between levels of government, they are eliminated in the consolidation of the Subsidies: Government............................................. Economic affairs ................................................... Transportation ................................................... Other economic affairs ...................................... General economic and labor affairs .............. Agriculture..................................................... Energy .......................................................... Natural resources ......................................... Housing and community services ......................... Federal ..................................................... Economic affairs ................................................... Transportation ................................................... Other economic affairs ...................................... General economic and labor affairs .............. Agriculture..................................................... Natural resources ......................................... Housing and community services ......................... State and local ........................................ Economic affairs ................................................... Transportation ................................................... Energy .............................................................. Housing and community services ......................... Gross investment Government............................................. General public service .......................................... National defense ................................................... Public order and safety ......................................... Economic affairs ................................................... Housing and community services ......................... Health.................................................................... Recreation and culture .......................................... Education .............................................................. Income security..................................................... Federal ..................................................... General public service .......................................... National defense ................................................... Public order and safety ......................................... Economic affairs ................................................... Housing and community services ......................... Health.................................................................... Recreation and culture .......................................... Education .............................................................. Income security..................................................... State and local ........................................ General public service .......................................... Public order and safety ......................................... Economic affairs ................................................... Housing and community services ......................... Health.................................................................... Recreation and culture .......................................... Education .............................................................. Income security..................................................... Capital transfers paid 3 Government 4 .......................................... General public service .......................................... Economic affairs ................................................... Transportation ................................................... Highways ...................................................... Air ................................................................. Water ............................................................ Transit and railroad ....................................... Other economic affairs ...................................... Housing and community services ......................... Health.................................................................... Income security..................................................... Federal 5 .................................................. General public service .......................................... Economic affairs ................................................... Transportation ................................................... Highways ...................................................... Air ................................................................. Water ............................................................ Transit and railroad ....................................... Other economic affairs ...................................... Housing and community services ......................... Health.................................................................... Income security..................................................... State and local ........................................ Housing and community services 6 ...................... 2009 2010 2011 2012 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 58.3 23.3 2.6 20.6 8.5 12.2 0.0 0.0 35.1 56.9 22.9 2.2 20.6 8.5 12.2 0.0 34.1 1.4 0.4 0.4 0.0 1.0 55.9 21.1 3.1 17.9 5.5 12.4 0.0 0.0 34.8 54.3 20.6 2.7 17.9 5.5 12.4 0.0 33.7 1.6 0.4 0.4 0.0 1.1 60.0 24.5 2.6 21.9 11.5 10.4 0.0 0.0 35.4 59.4 24.1 2.1 21.9 11.5 10.4 0.0 35.3 0.5 0.4 0.4 0.0 0.1 57.3 23.2 2.2 21.0 10.1 10.8 0.0 0.0 34.1 56.8 22.7 1.7 21.0 10.1 10.8 0.0 34.1 0.5 0.5 0.5 0.0 0.0 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 647.0 34.0 175.0 22.5 172.4 50.0 64.1 9.7 114.7 4.7 284.0 9.1 175.0 10.8 37.0 0.4 45.7 1.0 1.9 3.2 363.0 25.0 11.7 135.5 49.6 18.4 8.7 112.8 1.5 651.8 33.2 179.6 21.9 177.3 53.2 68.7 9.3 103.6 5.2 300.0 10.0 179.6 11.1 42.1 0.5 49.7 1.4 1.9 3.7 351.9 23.2 10.8 135.1 52.8 19.0 7.8 101.7 1.5 632.6 31.0 173.0 23.0 171.5 48.1 71.8 8.5 100.9 4.8 295.4 10.2 173.0 12.2 40.9 0.5 51.8 1.3 2.1 3.3 337.2 20.7 10.9 130.6 47.6 20.0 7.2 98.8 1.5 619.0 28.8 165.1 23.4 172.8 45.5 70.8 8.4 99.4 4.8 284.0 10.4 165.1 12.3 38.9 0.3 50.6 1.1 2.1 3.3 334.9 18.4 11.1 133.9 45.1 20.2 7.3 97.4 1.5 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 143.5 0.1 34.9 0.0 0.0 0.0 0.0 0.0 34.9 95.5 12.9 0.0 206.9 0.1 94.3 58.9 41.4 4.8 0.9 11.8 35.4 99.5 12.9 0.0 0.0 0.0 69.3 0.2 2.0 0.0 0.0 0.0 0.0 0.0 2.0 52.7 14.5 0.0 141.4 0.2 64.1 61.6 44.0 4.2 0.9 12.6 2.5 62.7 14.5 0.0 0.0 0.0 54.4 1.2 1.7 0.0 0.0 0.0 0.0 0.0 1.7 40.1 11.4 0.0 123.4 2.0 62.8 60.6 44.1 3.5 0.6 12.3 2.2 47.2 11.4 0.0 0.0 0.0 32.2 0.7 1.1 0.0 0.0 0.0 0.0 0.0 1.1 21.9 8.6 0.0 98.7 0.7 62.3 60.7 44.1 3.3 0.6 12.7 1.6 27.1 8.6 0.0 0.0 0.0 government sector. 3. For more information regarding capital transfers, please see NIPA table 5.11. 4. Federal investment grants to state and local governments are excluded in the consolidation of the federal and state and local sectors. 5. Includes federal investment grants to state and local governments. 6. Consists of disaster-related benefits payments by state-owned insurance entities. February 2014 SURVEY OF CURRENT BUSINESS 7 Table 3.20. State Government Current Receipts and Expenditures [Billions of dollars] Line Current receipts ........................................................................................................... Current tax receipts................................................................................................................ Personal current taxes ....................................................................................................... Income taxes .................................................................................................................. Other .............................................................................................................................. Taxes on production and imports ....................................................................................... Sales taxes..................................................................................................................... Property taxes ................................................................................................................ Other .............................................................................................................................. Taxes on corporate income ................................................................................................ Contributions for government social insurance ...................................................................... Income receipts on assets ..................................................................................................... Interest receipts.................................................................................................................. Dividends ........................................................................................................................... Rents and royalties............................................................................................................. Current transfer receipts......................................................................................................... Federal grants-in-aid .......................................................................................................... Local government grants-in-aid.......................................................................................... From business (net) ........................................................................................................... From persons ..................................................................................................................... Current surplus of government enterprises............................................................................ Current expenditures ................................................................................................... Consumption expenditures..................................................................................................... Current transfer payments...................................................................................................... Government social benefit payments to persons ............................................................... Grants-in-aid to local governments .................................................................................... Interest payments................................................................................................................... Subsidies................................................................................................................................ Net state government saving ...................................................................................... Social insurance funds ........................................................................................................... Other ...................................................................................................................................... Addenda: Total receipts .................................................................................................................... Current receipts ............................................................................................................. Capital transfer receipts ................................................................................................. Total expenditures............................................................................................................ Current expenditures...................................................................................................... Gross government investment ....................................................................................... Capital transfer payments .............................................................................................. Net purchases of nonproduced assets .......................................................................... Less: Consumption of fixed capital ................................................................................ Net lending or net borrowing (–)..................................................................................... 2009 2010 2011 2012 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 1,267.1 688.2 256.6 236.3 20.3 393.2 335.6 10.4 47.2 38.4 18.6 52.2 43.0 2.1 7.0 501.2 432.8 16.5 21.7 30.7 7.0 1,455.0 411.7 939.4 453.0 486.3 87.3 16.6 –187.9 2.2 –190.1 1,336.1 720.0 264.7 242.2 22.5 415.5 354.7 10.7 50.1 39.8 18.1 51.3 42.4 2.3 6.6 539.5 473.3 16.6 20.1 30.1 7.2 1,487.1 411.2 970.3 481.5 488.8 88.4 17.2 –151.0 3.2 –154.2 1,357.8 773.2 293.2 270.5 22.7 437.6 369.9 9.8 57.9 42.4 18.3 50.7 41.8 2.3 6.7 507.6 441.0 16.6 19.7 31.3 8.1 1,515.1 425.5 984.5 489.9 494.6 88.4 16.7 –157.2 4.2 –161.4 1,372.3 804.9 313.8 290.4 23.4 448.3 379.2 9.7 59.3 42.9 17.5 50.1 40.8 2.4 6.9 491.2 424.0 16.8 18.8 32.4 8.6 1,579.2 459.7 1,004.7 501.9 502.8 97.8 17.0 –206.9 3.9 –210.9 32 33 34 35 36 37 38 39 40 41 1,302.3 1,267.1 35.2 1,500.9 1,455.0 128.5 0.0 3.2 85.8 –198.6 1,373.6 1,336.1 37.5 1,531.2 1,487.1 129.1 0.0 2.5 87.4 –157.6 1,395.9 1,357.8 38.0 1,554.4 1,515.1 128.5 0.0 2.2 91.3 –158.5 1,408.2 1,372.3 35.9 1,615.3 1,579.2 129.6 0.0 2.1 95.7 –207.1 NOTE. State receipts plus local receipts and state expenditures plus local expenditures do not sum to the consolidated state and local government account totals because grants-in-aid from states to local governments and from local to state governments are netted in the consolidated account totals. In addition, the receipt cate- gory “surplus of government enterprises” and the expenditure category “subsidies” do not sum to the consoli dated account totals because the level of government making subsidy payments accounts for them as subsidies while recipient governments account for them as surpluses of government enterprises. 8 Newly Available NIPA Tables February 2014 Table 3.21. Local Government Current Receipts and Expenditures [Billions of dollars] Line Current receipts ........................................................................................................... Current tax receipts ................................................................................................................ Personal current taxes........................................................................................................ Income taxes .................................................................................................................. Other .............................................................................................................................. Taxes on production and imports ....................................................................................... Sales taxes ..................................................................................................................... Property taxes ................................................................................................................ Other .............................................................................................................................. Taxes on corporate income ................................................................................................ Contributions for government social insurance ...................................................................... Income receipts on assets...................................................................................................... Interest receipts.................................................................................................................. Dividends ........................................................................................................................... Rents and royalties............................................................................................................. Current transfer receipts......................................................................................................... Federal grants-in-aid .......................................................................................................... State government grants-in-aid .......................................................................................... From business (net)............................................................................................................ From persons ..................................................................................................................... Current surplus of government enterprises............................................................................ Current expenditures ................................................................................................... Consumption expenditures..................................................................................................... Current transfer payments ...................................................................................................... Government social benefit payments to persons ............................................................... Grants-in-aid to state governments .................................................................................... Interest payments ................................................................................................................... Subsidies ................................................................................................................................ Net local government saving ...................................................................................... Social insurance funds ........................................................................................................... Other ...................................................................................................................................... Addenda: Total receipts .................................................................................................................... Current receipts.............................................................................................................. Capital transfer receipts ................................................................................................. Total expenditures............................................................................................................ Current expenditures...................................................................................................... Gross government investment ....................................................................................... Capital transfer payments............................................................................................... Net purchases of nonproduced assets........................................................................... Less: Consumption of fixed capital................................................................................. Net lending or net borrowing (–) ..................................................................................... 2009 2010 2011 2012 1 1,171.2 1,184.5 1,200.4 1,204.4 2 580.0 585.7 593.1 600.3 3 31.2 33.0 33.8 35.1 4 23.3 25.0 25.7 26.9 5 7.9 8.0 8.1 8.2 6 541.6 544.9 550.9 556.7 7 88.3 91.2 93.8 95.7 8 424.7 424.4 427.1 430.3 9 28.6 29.3 30.1 30.7 10 7.2 7.8 8.4 8.5 11 ......................................... ......................................... ......................................... ......................................... 12 35.7 31.3 29.3 28.4 13 31.4 26.7 24.5 23.4 14 ......................................... ......................................... ......................................... ......................................... 15 4.2 4.6 4.8 5.0 16 567.7 577.8 585.4 581.0 17 25.3 31.9 31.4 19.2 18 486.3 488.8 494.6 502.8 19 22.3 23.3 24.4 23.1 20 33.3 33.1 33.9 35.1 21 –12.1 –10.4 –7.4 –5.2 22 1,255.2 1,270.8 1,256.2 1,250.2 23 1,096.7 1,107.1 1,092.0 1,076.7 24 56.1 58.9 58.7 59.2 25 39.6 42.3 42.1 42.4 26 16.5 16.6 16.6 16.8 27 101.4 103.7 104.5 113.2 28 1.0 1.0 1.0 1.1 29 –84.0 –86.3 –55.9 –45.8 30 ......................................... ......................................... ......................................... ......................................... 31 –84.0 –86.3 –55.9 –45.8 32 1,203.7 1,223.7 1,236.3 1,242.6 33 1,171.2 1,184.5 1,200.4 1,204.4 34 32.5 39.2 35.9 38.2 35 1,376.4 1,376.3 1,342.6 1,327.9 36 1,255.2 1,270.8 1,256.2 1,250.2 37 234.5 222.8 208.7 205.3 38 ......................................... ......................................... ......................................... ......................................... 39 9.1 8.1 8.0 8.1 40 122.4 125.3 130.4 135.7 –172.7 –152.6 –106.3 –85.2 41 NOTE. State receipts plus local receipts and state expenditures plus local expenditures do not sum to the consolidated state and local government account totals because grants-in-aid from states to local governments and from local to state governments are netted in the consolidated account totals. In addition, the receipt cate- gory “surplus of government enterprises” and the expenditure category “subsidies” do not sum to the consoli dated account totals because the level of government making subsidy payments accounts for them as subsidies while recipient governments account for them as surpluses of government enterprises. February 2014 SURVEY OF CURRENT BUSINESS 9 Table 7.12. Imputations in the National Income and Product Accounts—Continues [Billions of dollars] Line Gross domestic product Gross domestic product .............................................................................................................................................. Imputations (153–156+165+170+171+173+175+176+179+181+182+185–186+187+190+199+202+211+212) Excluding imputations (1–2)................................................................................................................................... Personal consumption expenditures ..................................................................................................................... Imputations (153–156+165+170+175+181+187+199+203+204+205+206–209–210) .......................................... Excluding imputations (4–5)................................................................................................................................... Gross private domestic investment........................................................................................................................ Imputations (209+210+211) ................................................................................................................................... Excluding imputations (7–8)................................................................................................................................... Net exports of goods and services ........................................................................................................................ Imputations (14–17) ............................................................................................................................................... Excluding imputations (10–11)............................................................................................................................... Exports of goods and services............................................................................................................................... Imputations (173+179+185) ............................................................................................................................... Excluding imputations (13–14)........................................................................................................................... Imports of goods and services ............................................................................................................................... Imputations (186) ............................................................................................................................................... Excluding imputations (16–17)........................................................................................................................... Government consumption expenditures and gross investment ......................................................................... Imputations (171+176+182+190+207+212)........................................................................................................... Excluding imputations (19–20)............................................................................................................................... Government consumption expenditures ................................................................................................................ Imputations (171+176+182+190+207+212–213)............................................................................................... Excluding imputations (22–23)........................................................................................................................... Gross government investment ............................................................................................................................... Imputations (213) ............................................................................................................................................... Excluding imputations (25–26)........................................................................................................................... Gross domestic income Gross domestic income .............................................................................................................................................. Imputations (153–156+165+170+171+173+175+176+179+181+182+185–186+187+190+199+202+211+212) Excluding imputations (28–29)............................................................................................................................... Compensation of employees, paid ......................................................................................................................... Imputations (188+202) ........................................................................................................................................... Excluding imputations (31–32)............................................................................................................................... Taxes on production and imports........................................................................................................................... Imputations (157) ................................................................................................................................................... Excluding imputations (34–35)............................................................................................................................... Less: Subsidies ........................................................................................................................................................ Imputations (158) ................................................................................................................................................... Excluding imputations (37–38)............................................................................................................................... Net operating surplus .............................................................................................................................................. Imputations (162+163+187–189–191+194–195+199+211+214) .......................................................................... Excluding imputations (40–41)............................................................................................................................... Net interest and miscellaneous payments, domestic industries............................................................................. Imputations (214) ............................................................................................................................................... Excluding imputations (43–44)........................................................................................................................... Business current transfer payments (net) .............................................................................................................. Imputations (162–197+198) ............................................................................................................................... Excluding imputations (46–47)........................................................................................................................... Proprietors’ income with inventory valuation and capital consumption adjustments.............................................. Imputations (199+211) ....................................................................................................................................... Excluding imputations (49–50)........................................................................................................................... Rental income of persons with capital consumption adjustment............................................................................ Imputations (163) ............................................................................................................................................... Excluding imputations (52–53)........................................................................................................................... Corporate profits with inventory valuation and capital consumption adjustments, domestic industries ................. Imputations (187–189+194–195+197–198) ....................................................................................................... Excluding imputations (55–56)........................................................................................................................... Taxes on corporate income ................................................................................................................................ Profits after tax with inventory valuation adjustment and capital consumption adjustments .............................. Imputations (187–189+194–195+197–198) ................................................................................................... Excluding imputations (59–60)....................................................................................................................... Net dividends ................................................................................................................................................. Imputations (196) ....................................................................................................................................... Excluding imputations (62–63)................................................................................................................... Undistributed corporate profits with inventory valuation and capital consumption adjustments .................... Imputations (187–189+194–195–196+197–198)....................................................................................... Excluding imputations (65–66)................................................................................................................... Current surplus of government enterprises ........................................................................................................... Imputations (–191) ............................................................................................................................................. Excluding imputations (68–69)........................................................................................................................... Consumption of fixed capital .................................................................................................................................. Imputations (164+167+212) ................................................................................................................................... Excluding imputations (71–72)............................................................................................................................... See the footnotes at the end of the table. 2009 2010 2011 2012 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 14,417.9 2,450.5 11,967.5 9,842.9 1,583.4 8,259.5 1,878.1 462.9 1,415.3 –392.2 –0.9 –391.3 1,583.8 9.4 1,574.4 1,976.0 10.3 1,965.7 3,089.1 405.1 2,684.0 2,442.1 –241.9 2,684.0 647.0 647.0 0.0 14,958.3 2,506.0 12,452.3 10,201.9 1,626.5 8,575.4 2,100.8 448.9 1,651.9 –518.5 0.7 –519.1 1,843.5 9.3 1,834.2 2,362.0 8.7 2,353.3 3,174.0 429.9 2,744.1 2,522.2 –221.9 2,744.1 651.8 651.8 0.0 15,533.8 2,566.9 12,966.9 10,711.8 1,676.4 9,035.4 2,232.1 452.6 1,779.4 –568.7 2.2 –570.9 2,101.2 10.3 2,090.9 2,669.9 8.1 2,661.8 3,158.7 435.7 2,723.0 2,526.1 –196.9 2,723.0 632.6 632.6 0.0 16,244.6 2,617.2 13,627.4 11,149.6 1,682.0 9,467.6 2,475.2 493.0 1,982.2 –547.2 2.5 –549.7 2,195.9 10.7 2,185.2 2,743.1 8.2 2,735.0 3,167.0 439.7 2,727.3 2,548.0 –179.3 2,727.3 619.0 619.0 0.0 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 14,345.7 2,450.5 11,895.2 7,795.7 565.8 7,229.9 1,026.1 144.7 881.5 58.3 2.0 56.4 3,213.9 953.3 2,260.6 760.9 846.8 –86.0 127.2 –104.0 231.1 973.0 0.2 972.8 333.7 216.8 116.9 1,039.8 –5.2 1,045.0 269.4 770.3 –5.2 775.6 456.9 53.5 403.4 313.5 –58.7 372.2 –20.6 –1.2 –19.4 2,368.4 788.7 1,579.7 14,915.2 2,506.0 12,409.2 7,975.3 572.9 7,402.4 1,057.1 144.6 912.5 55.9 1.5 54.4 3,557.0 990.5 2,566.5 670.6 817.5 –146.9 128.5 –96.0 224.5 1,032.7 0.8 1,031.9 402.8 268.1 134.7 1,345.4 3.8 1,341.5 370.6 974.8 3.8 971.0 442.5 51.4 391.1 532.3 –47.6 579.8 –22.9 –3.7 –19.2 2,381.6 799.5 1,582.1 15,587.5 2,566.9 13,020.6 8,286.6 577.7 7,708.9 1,097.1 145.2 951.9 60.0 0.9 59.0 3,811.2 1,025.6 2,785.6 624.6 797.4 –172.8 129.6 –109.1 238.7 1,155.1 0.8 1,154.3 484.4 327.4 157.0 1,441.2 12.1 1,429.1 374.2 1,067.0 12.1 1,054.9 545.1 51.3 493.9 521.8 –39.2 561.0 –23.8 –3.0 –20.8 2,452.6 819.3 1,633.3 16,261.6 2,617.2 13,644.4 8,620.0 571.2 8,048.8 1,122.9 146.9 976.1 57.3 0.7 56.6 4,033.2 1,060.6 2,972.5 597.4 766.4 –169.1 106.9 –104.7 211.6 1,224.9 0.9 1,224.0 541.2 367.3 173.8 1,590.5 33.2 1,557.3 434.8 1,155.7 33.2 1,122.5 613.6 54.1 559.4 542.2 –20.9 563.1 –27.7 –2.6 –25.1 2,542.9 839.3 1,703.6 10 Newly Available NIPA Tables February 2014 Table 7.12. Imputations in the National Income and Product Accounts—Continues [Billions of dollars] Line Personal income, outlays, and saving Personal income........................................................................................................................................................... Imputations (163–158+170+181+188+195+196–197+198+199+203+204+205+206+211) ...................................... Excluding imputations (74–75) ................................................................................................................................... Compensation of employees ...................................................................................................................................... Imputations (188+202) ........................................................................................................................................... Excluding imputations (77–78) ............................................................................................................................... Proprietors’ income with inventory valuation and capital consumption adjustments .................................................. Imputations (199+211) ........................................................................................................................................... Excluding imputations (80–81) ............................................................................................................................... Rental income of persons with capital consumption adjustment................................................................................ Imputations (163) ................................................................................................................................................... Excluding imputations (83–84) ............................................................................................................................... Personal income receipts on assets........................................................................................................................... Imputations (170+181+195+196) ........................................................................................................................... Excluding imputations (86–87) ............................................................................................................................... Personal current transfer receipts .............................................................................................................................. Imputations (–158–197+198) ................................................................................................................................. Excluding imputations (89–90) ............................................................................................................................... Less: Contributions for government social insurance, domestic ................................................................................ Imputations (207) ................................................................................................................................................... Excluding imputations (92–93) ............................................................................................................................... Personal current taxes ................................................................................................................................................. Imputations (–157) ..................................................................................................................................................... Excluding imputations (95–96) ................................................................................................................................... Disposable personal income ....................................................................................................................................... Imputations (75–96) ................................................................................................................................................... Excluding imputations (98–99) ................................................................................................................................... Personal outlays ........................................................................................................................................................... Imputations (5–162+227) ........................................................................................................................................... Excluding imputations (101–102) ............................................................................................................................... Personal saving ............................................................................................................................................................ Imputations (198+208–164–167) ............................................................................................................................... Excluding imputations (104–105) ............................................................................................................................... Government current receipts, expenditures, and net saving Government current receipts ...................................................................................................................................... Imputations (171+182+207–191) ............................................................................................................................... Excluding imputations (107–108) ............................................................................................................................... Government current expenditures ............................................................................................................................. Imputations (171+182+190+194+207+212–213) ....................................................................................................... Excluding imputations (110–111) ............................................................................................................................... Net government saving ................................................................................................................................................ Imputations (213–190–191–194–212) ....................................................................................................................... Excluding imputations (113–114) ............................................................................................................................... Current receipts from and payments to the rest of the world Current receipts from the rest of the world ............................................................................................................... Imputations (173+185+186) ....................................................................................................................................... Excluding imputations (116–117) ............................................................................................................................... Exports of goods and services ................................................................................................................................... Imputations (173+179+185) ................................................................................................................................... Excluding imputations (119–120) ........................................................................................................................... Income receipts from the rest of the world ................................................................................................................. Imputations (–179+186) ......................................................................................................................................... Excluding imputations (122–123) ........................................................................................................................... Current payments to the rest of the world ................................................................................................................. Imputations (173+185+186) ....................................................................................................................................... Excluding imputations (125–126) ............................................................................................................................... Imports of goods and services ................................................................................................................................... Imputations (186) ................................................................................................................................................... Excluding imputations (128–129) ........................................................................................................................... Income payments to the rest of the world .................................................................................................................. Imputations (173+185) ........................................................................................................................................... Excluding imputations (131–132) ........................................................................................................................... Current taxes and transfer payments to the rest of the world (net) ............................................................................ Gross saving or gross domestic investment Gross domestic investment, or gross saving and statistical discrepancy ............................................................. Imputations (208+213) ............................................................................................................................................... Excluding imputations (135–136) ............................................................................................................................... Net saving ..................................................................................................................................................................... Imputations (208+213–164–167–212) ....................................................................................................................... Excluding imputations (138–139) ............................................................................................................................... Personal saving .......................................................................................................................................................... Imputations (198+208–164–167) ........................................................................................................................... Excluding imputations (141–142) ........................................................................................................................... Undistributed corporate profits with inventory valuation and capital consumption adjustments................................. Imputations (187–189+194–195–196+197–198) ................................................................................................... Excluding imputations (144–145) ........................................................................................................................... Net government saving .............................................................................................................................................. Imputations (213–190–191–194–212) ................................................................................................................... Excluding imputations (147–148) ........................................................................................................................... Consumption of fixed capital ...................................................................................................................................... Imputations (164+167+212) ....................................................................................................................................... Excluding imputations (150–151) ............................................................................................................................... See the footnotes at the end of the table. 2009 2010 2011 2012 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 12,082.1 1,233.5 10,848.5 7,787.8 565.8 7,222.0 973.0 0.2 972.8 333.7 216.8 116.9 1,811.8 570.6 1,241.2 2,140.2 –111.6 2,251.8 964.4 8.1 956.3 1,144.9 –144.7 1,289.6 10,937.2 1,378.2 9,559.0 10,266.5 1,082.4 9,184.1 670.7 295.8 374.9 12,435.2 1,306.9 11,128.2 7,967.3 572.9 7,394.4 1,032.7 0.8 1,031.9 402.8 268.1 134.7 1,739.6 575.6 1,164.1 2,276.9 –101.3 2,378.2 984.1 9.1 975.0 1,191.5 –144.6 1,336.0 11,243.7 1,451.5 9,792.2 10,609.5 1,165.3 9,444.2 634.2 286.2 348.0 13,191.3 1,377.8 11,813.5 8,278.5 577.7 7,700.8 1,155.1 0.8 1,154.3 484.4 327.4 157.0 1,884.6 586.5 1,298.1 2,306.9 –105.3 2,412.2 918.2 9.3 908.9 1,404.0 –145.2 1,549.2 11,787.4 1,523.1 10,264.3 11,119.1 1,261.0 9,858.2 668.2 262.1 406.1 13,743.8 1,426.9 12,316.9 8,611.6 571.2 8,040.5 1,224.9 0.9 1,224.0 541.2 367.3 173.8 1,958.5 602.0 1,356.5 2,358.3 –105.3 2,463.6 950.7 9.2 941.5 1,498.0 –146.9 1,644.9 12,245.8 1,573.7 10,672.1 11,558.4 1,287.5 10,270.9 687.4 286.2 401.2 107 108 109 110 111 112 113 114 115 3,691.2 11.5 3,679.7 5,213.0 –72.5 5,285.5 –1,521.7 84.0 –1,605.8 3,885.0 10.5 3,874.5 5,451.8 –52.1 5,504.0 –1,566.8 62.6 –1,629.4 4,074.1 11.1 4,063.0 5,535.4 –32.0 5,567.4 –1,461.3 43.1 –1,504.4 4,259.2 11.8 4,247.4 5,621.6 4.4 5,617.2 –1,362.3 7.5 –1,369.8 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 2,227.5 18.2 2,209.3 1,583.8 9.4 1,574.4 643.7 8.8 634.9 2,608.7 18.2 2,590.5 1,976.0 10.3 1,965.7 496.5 7.9 488.6 136.1 2,563.5 16.4 2,547.1 1,843.5 9.3 1,834.2 720.0 7.1 712.9 3,018.1 16.4 3,001.6 2,362.0 8.7 2,353.3 514.1 7.8 506.3 142.0 2,904.0 16.4 2,887.5 2,101.2 10.3 2,090.9 802.8 6.1 796.7 3,360.9 16.4 3,344.5 2,669.9 8.1 2,661.8 542.1 8.3 533.8 149.0 3,014.5 16.2 2,998.3 2,195.9 10.7 2,185.2 818.6 5.5 813.1 3,453.5 16.2 3,437.3 2,743.1 8.2 2,735.0 565.7 8.0 557.7 144.6 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 2,144.0 1,109.9 1,034.1 –296.6 321.2 –617.8 670.7 295.8 374.9 554.4 –58.7 613.1 –1,521.7 84.0 –1,605.8 2,368.4 788.7 1,579.7 2,298.1 1,100.7 1,197.4 –126.6 301.3 –427.8 634.2 286.2 348.0 806.0 –47.6 853.6 –1,566.8 62.6 –1,629.4 2,381.6 799.5 1,582.1 2,407.7 1,085.2 1,322.5 8.8 265.9 –257.1 668.2 262.1 406.1 801.9 –39.2 841.1 –1,461.3 43.1 –1,504.4 2,452.6 819.3 1,633.3 2,655.2 1,112.0 1,543.2 129.4 272.7 –143.4 687.4 286.2 401.2 804.3 –20.9 825.2 –1,362.3 7.5 –1,369.8 2,542.9 839.3 1,703.6 SURVEY OF CURRENT BUSINESS February 2014 11 Table 7.12. Imputations in the National Income and Product Accounts—Continues [Billions of dollars] Line 2009 2010 2011 2012 Specific imputations and associated reclassifications Owner-occupied housing: Imputed rental of owner-occupied housing ................................................................................................................ Reclassifications: Intermediate inputs .................................................................................................................................................... Imputed services (178+184) .................................................................................................................................. Intermediate inputs excluding imputations (154–155)............................................................................................ Taxes on production and imports ............................................................................................................................... Subsidies.................................................................................................................................................................... Net interest (225–178–184) ....................................................................................................................................... Imputations (–178–184) ......................................................................................................................................... Monetary interest (225) .......................................................................................................................................... Current transfer payments.......................................................................................................................................... Rental income of persons with capital consumption adjustment (153–154–157+158–159–162–164) ...................... Consumption of fixed capital ...................................................................................................................................... Rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households 1 Monetary interest (226) .............................................................................................................................................. Consumption of fixed capital ...................................................................................................................................... Financial services furnished without payment (169+174) ........................................................................................ Depositor services ..................................................................................................................................................... Persons .................................................................................................................................................................. Government ........................................................................................................................................................... Private enterprises ................................................................................................................................................. Rest of the world 2 ................................................................................................................................................. Borrower services ...................................................................................................................................................... Persons .................................................................................................................................................................. Government ........................................................................................................................................................... Private enterprises ................................................................................................................................................. Of which: Owner-occupied housing ................................................................................................................... Rest of the world 3 ................................................................................................................................................. Premium supplements for property and casualty insurance (181+182+183+185–186) ......................................... Persons and nonprofit institutions serving households .............................................................................................. Government ............................................................................................................................................................... Private enterprises ..................................................................................................................................................... Of which: Owner-occupied housing ....................................................................................................................... To the rest of the world (exports)................................................................................................................................ From the rest of the world (imports) ........................................................................................................................... Defined benefit pension plans: Output ........................................................................................................................................................................ Imputed employer contributions ................................................................................................................................. Corporate business ................................................................................................................................................ General government .............................................................................................................................................. Government enterprises ........................................................................................................................................ Imputed interest on plans’ claims on employers ........................................................................................................ Corporate business ................................................................................................................................................ Government ........................................................................................................................................................... Imputed interest payments to persons ....................................................................................................................... Imputed dividend payments to persons ..................................................................................................................... Imputed household contributions and contribution supplements (–187+188+195+196)............................................ Net change in benefit entitlements ............................................................................................................................. Farm products consumed on farms ........................................................................................................................... Output ........................................................................................................................................................................ Less: Intermediate inputs ........................................................................................................................................... Employment-related imputations ............................................................................................................................... Food furnished to employees, including military and domestic service 4 ................................................................... Standard clothing issued to military personnel 4 ........................................................................................................ Employees’ lodging 4.................................................................................................................................................. Employer contributions for health and life insurance 5 ............................................................................................... Contributions for government social insurance for federal government employees for certain programs 6 ............... Private investment-related imputations and reclassifications................................................................................. Reclassifications: Owner-occupied residential structures 7 .................................................................................................................... Nonresidential fixed investment by nonprofit institutions serving households 8 ......................................................... Imputations: Margins on owner-built housing ................................................................................................................................. Government investment-related imputations and reclassifications: General government consumption of fixed capital 9................................................................................................... Reclassifications: Gross government investment 10................................................................................................................................ Net interest-related imputations and reclassifications: Net interest, domestic (215–220+224) .................................................................................................................... Imputations: Imputed interest paid by private enterprises .......................................................................................................... By banks, credit agencies, and investment companies for depositor services and by proper ty and casualty insurance carriers (169+180) ......................................................................................................................... By private enterprises for borrower services (–177) .......................................................................................... By corporate business for unfunded actuarial liability of defined benefit pension plans (193) ........................... By defined benefit pension plans (195).............................................................................................................. Imputed interest received by private enterprises ................................................................................................... By banks for borrower services (–174) .............................................................................................................. By defined benefit pension plans for unfunded actuarial liability (192) .............................................................. By other private enterprises (172+183) ............................................................................................................. Reclassifications for owner-occupied housing and fixed assets of nonprofit institutions serving households: Monetary interest paid by owner-occupants and nonprofit institutions .................................................................. Owner-occupied housing ................................................................................................................................... Interest paid by nonprofit institutions serving households ................................................................................. See the footnotes at the end of the table. 153 1,223.7 1,228.7 1,248.9 1,279.8 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 131.2 37.7 93.5 144.7 2.0 430.1 –37.7 467.8 5.6 216.8 297.4 115.3 14.2 101.1 343.9 221.9 179.3 4.4 32.4 5.7 122.1 13.4 0.9 106.3 36.5 1.5 27.5 9.5 0.2 25.9 1.2 2.2 10.3 132.8 36.5 96.2 144.6 1.5 388.5 –36.5 425.0 3.8 268.1 292.6 116.5 13.4 103.1 354.4 231.2 191.3 4.8 29.3 5.8 123.2 19.1 1.0 101.6 35.3 1.6 24.0 7.5 0.2 23.0 1.2 2.0 8.7 135.9 34.5 101.5 145.2 0.9 355.1 –34.5 389.6 –4.7 327.4 290.8 120.0 12.6 107.3 352.2 232.2 201.2 4.6 20.2 6.2 120.0 17.9 1.1 98.9 33.2 2.0 24.9 7.4 0.2 23.4 1.2 2.1 8.1 149.0 37.1 111.9 146.9 0.7 324.8 –37.1 361.9 0.0 367.3 292.6 124.5 12.0 112.5 365.3 229.1 196.2 5.0 22.4 5.6 136.2 20.6 1.5 111.5 35.8 2.7 30.2 11.5 0.2 24.2 1.3 2.5 8.2 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 17.9 –22.9 –25.3 1.2 1.2 199.1 28.8 170.3 328.3 53.5 341.0 231.4 0.1 0.4 0.2 588.7 15.6 0.5 0.8 563.7 8.1 462.9 19.7 –24.3 –39.0 11.0 3.7 194.9 24.1 170.7 325.3 51.4 332.8 233.0 0.2 0.4 0.2 597.2 15.3 0.4 0.7 571.7 9.1 448.9 21.0 –44.9 –47.3 –0.6 3.0 190.4 24.3 166.0 326.6 51.3 312.0 207.6 0.2 0.4 0.2 622.6 16.8 0.4 0.7 595.5 9.3 452.6 21.3 –70.2 –62.4 –10.4 2.6 207.3 22.2 185.1 340.2 54.1 302.9 198.2 0.2 0.6 0.3 641.4 17.1 0.4 0.6 614.1 9.2 493.0 209 210 315.8 147.1 314.2 134.1 312.4 139.6 348.6 143.8 211 0.0 0.6 0.6 0.7 212 390.3 403.8 421.2 434.2 213 647.0 651.8 632.6 619.0 214 846.8 817.5 797.4 766.4 215 500.2 503.1 509.1 510.2 216 217 218 219 220 221 222 223 249.3 –106.3 28.8 328.3 135.3 –122.1 199.1 58.4 255.2 –101.6 24.1 325.3 124.0 –123.2 194.9 52.3 257.1 –98.9 24.3 326.6 113.9 –120.0 190.4 43.6 259.3 –111.5 22.2 340.2 117.7 –136.2 207.3 46.6 224 225 226 482.0 467.8 14.2 438.4 425.0 13.4 402.3 389.6 12.6 373.9 361.9 12.0 12 Newly Available NIPA Tables February 2014 Table 7.12. Imputations in the National Income and Product Accounts—Table Ends [Billions of dollars] Line Personal interest payments..................................................................................................................................... Owner-occupied housing (–225) ............................................................................................................................ Interest paid by nonprofit institutions serving households (–166) .......................................................................... Borrower services paid by persons (–175)............................................................................................................. Personal interest income (170+181+195) ............................................................................................................... Net interest, domestic (214) ................................................................................................................................... Net interest, rest of the world (–173–179–185+186) .............................................................................................. Net imputed interest paid by government (–171–176–182+194) ........................................................................... Personal interest payments (227)........................................................................................................................... Selected aggregates Gross domestic product .............................................................................................................................................. Imputations................................................................................................................................................................. Owner-occupied housing (153–156) ...................................................................................................................... Rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households (165) Financial services furnished without payment (170+171+173+175+176+179)...................................................... Premium supplements for property and casualty insurance (181+182+185–186)................................................. Defined benefit pension plans (187+190) .............................................................................................................. Farm products consumed on farms (199) .............................................................................................................. Employment-related imputations (202) .................................................................................................................. Margins on owner-built housing (211) .................................................................................................................... Consumption of general government fixed capital (212) ........................................................................................ Excluding imputations (236–237) ............................................................................................................................... Personal income........................................................................................................................................................... Imputations................................................................................................................................................................. Owner-occupied housing (163–158) ...................................................................................................................... Depositor financial services furnished without payment and premium supplements (170+181) ........................... Defined benefit pension plans (188+195+196–197+198) ...................................................................................... Farm products consumed on farms (199) .............................................................................................................. Food furnished to employees, including military and domestic service (203) ........................................................ Standard clothing issued to military personnel (204) ............................................................................................. Employees’ lodging (205) ....................................................................................................................................... Employer contributions for health and life insurance (206)..................................................................................... Margins on owner-built housing (211) .................................................................................................................... Excluding imputations (248–249) ............................................................................................................................... 1. Residential dwellings owned and used by nonprofit institutions serving households are included in owneroccupied housing categories. 2. Classified as a service in expor ts, and as an income payment to the rest of the world. 3. Classified as a service in expor ts, and as an income receipt from the rest of the world. 4. For general government employees, recorded as compensation of employees (wages and salaries) and as a sale; does not affect government consumption expenditures. Similar payments for employees of govern ment enterprises are not included in government consumption expenditures; they are deducted in the calcula tion of the surplus of government enterprises. 5. Health insurance premiums paid by employers are included in the calculation of the “net health insurance” category of personal consumption expenditures (PCE); life insurance premiums paid by employers are included in the calculation of the “life insurance” category of PCE. 6. Consists of the programs for which a social insurance fund is imputed, and for which contributions are set equal to benefits paid. These payments are funded directly out of the current budget. The specific programs consist of workers’ compensation, unemployment insurance, and medical services for the dependents of active duty military personnel at nonmilitary facilities. Source data are not available for the corresponding treatment for similar state and local government programs. Similar payments for employees of government enterprises are not included in government consumption expenditures; they are deducted in the calculation of the surplus of government enterprises. 7. Consists of owner-occupant purchases of new single-family dwellings, including manufactured homes, expenditures on improvements, and payments of commissions on new and existing residential dwellings, less sales of dwellings to government. The series is calculated from the investment data prepared as part of BEA’s 2009 2010 2011 2012 227 228 229 230 231 232 233 234 235 –495.4 –467.8 –14.2 –13.4 517.1 846.8 0.9 164.7 –495.4 –457.4 –425.0 –13.4 –19.1 524.1 817.5 –0.7 164.7 –457.4 –420.2 –389.6 –12.6 –17.9 535.2 797.4 –2.2 160.2 –420.2 –394.5 –361.9 –12.0 –20.6 547.9 766.4 –2.5 178.5 –394.5 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 14,417.9 2,450.5 1,130.3 115.3 205.2 1.6 19.1 0.1 588.7 0.0 390.3 11,967.5 12,082.1 1,233.5 214.8 188.8 249.3 0.1 15.6 0.5 0.8 563.7 0.0 10,848.5 14,958.3 2,506.0 1,132.5 116.5 223.5 1.0 30.7 0.2 597.2 0.6 403.8 12,452.3 12,435.2 1,306.9 266.6 198.8 252.7 0.2 15.3 0.4 0.7 571.7 0.6 11,128.2 15,533.8 2,566.9 1,147.4 120.0 233.1 1.5 20.4 0.2 622.6 0.6 421.2 12,966.9 13,191.3 1,377.8 326.5 208.6 228.6 0.2 16.8 0.4 0.7 595.5 0.6 11,813.5 16,244.6 2,617.2 1,168.0 124.5 231.5 6.0 10.9 0.2 641.4 0.7 434.2 13,627.4 13,743.8 1,426.9 366.6 207.7 219.5 0.2 17.1 0.4 0.6 614.1 0.7 12,316.9 capital stock estimates. It differs from the investment data shown in table 5.4.5 because the series shown in that table reflect total purchases by private business. 8. Excludes investment by nonprofit institutions serving households in residential properties, which is included in owner-occupant investment (see footnote 1) and in sales of existing structures to governments. The series is calculated from the investment data prepared as part of BEA’s capital stock estimates. It differs from the investment data shown in table 5.4.5 because the series shown in that table reflect total purchases by private business. 9. The consumption of fixed capital (CFC) of government enterprises is not included in government consumption expenditures; it is deducted in the calculation of the current surplus of government enterprises and is recorded as part of total government CFC. 10. Includes gross investment of government enterprises. NOTE. “Imputations” are transactions recorded in the national income and product accounts (NIPAs) that are not transactions of the market economy. “Reclassifications” arise when imputations necessitate a recording of market transactions that differs from what might be expected. For example, the NIPAs treat owner-occupants as if they are rental businesses, and the taxes associated with owner-occupied housing are reclassified from personal current taxes to taxes on production and imports. In this table, the imputations and reclassifications shown in the “specific imputations and associated reclassifications” section are primarily those that affect gross domestic product (GDP). Imputed interest received by persons from life insurance carriers (table 7.11, line 68), which records the property incomes earned on life insurance and pension reserves as income received by persons and not by the insurance carriers, does not affect GDP and is not considered an imputation for the purposes of this table. February 2014 SURVEY OF CURRENT BUSINESS 13 Table 7.15. Relation of Net Farm Income in the National Income and Product Accounts to Net Farm Income as Published by the U.S. Department of Agriculture [Billions of dollars] Line Net farm income, USDA ................................................................................... Plus: Depreciation and other consumption of farm capital, USDA ........................... Farm housing expenses excluding depreciation ............................................. Monetary interest received by farm corporations ............................................ Valuation adjustment, Commodity Credit Corporation loans........................... Change in farm materials and supplies inventories ........................................ Less: Consumption of fixed capital, NIPAs ............................................................... Gross rental value of farm housing, USDA ..................................................... Patronage dividends received from cooperatives............................................ Other 1 ............................................................................................................ Statistical differences 2 .................................................................................... Equals: Farm proprietors’ income and corporate profits with inventory valuation and capital consumption adjustments ....................................... Proprietors’ income ......................................................................................... Cor porate profits ............................................................................................. 2009 2010 2011 2012 1 60.4 78.0 118.0 113.8 2 3 4 5 6 26.8 10.1 0.3 –0.6 0.1 27.3 10.3 0.3 1.4 –0.5 28.5 10.8 0.2 –1.3 –0.5 30.3 12.1 0.2 –0.4 –0.5 7 8 9 10 11 34.2 20.7 0.4 0.6 –1.2 35.0 21.2 0.4 0.7 –3.1 37.1 22.4 0.7 2.1 –5.0 38.9 23.3 0.6 2.1 –11.0 12 13 14 42.4 35.5 6.9 62.5 46.0 16.5 98.4 72.6 25.9 101.5 75.4 26.1 1. Consists largely of salaries paid to cer tain farm operators. 2. Statistical differences result from updates to the USDA farm income estimates that have not yet been incorporated into the NIPAs. USDA U.S. Depar tment of Agriculture NIPAs National income and product accounts SURVEY OF CURRENT BUSINESS February 2014 19 Table 1. Value Added by Industry, 2007–2012 [Billions of dollars] Line 2007 2008 2009 2010 2011 2012 1 Gross domestic product ............. 14,480.3 14,720.3 14,417.9 14,958.3 15,533.8 16,244.6 2 Private industries ................................ 12,575.1 12,717.8 12,352.2 12,820.4 13,368.9 14,058.3 3 Agriculture, forestry, fishing, and hunting ......................................... 142.1 154.6 137.7 160.3 197.7 201.1 4 Farms ............................................ 113.6 126.3 109.8 129.7 166.0 166.9 5 Forestry, fishing, and related activities .................................... 28.5 28.3 27.9 30.5 31.7 34.2 6 Mining............................................... 314.1 401.8 291.0 332.9 409.3 429.7 7 Oil and gas extraction.................... 205.4 280.8 185.2 210.4 260.7 268.9 8 Mining, except oil and gas............. 58.5 63.0 65.8 77.4 89.8 92.3 9 Support activities for mining .......... 50.3 58.0 40.0 45.1 58.9 68.5 10 Utilities ............................................. 235.1 240.1 253.7 272.8 280.0 275.1 11 Construction .................................... 715.1 653.4 577.6 539.1 546.1 581.1 12 Manufacturing ................................. 1,854.8 1,807.7 1,718.6 1,829.5 1,922.9 2,034.3 13 Durable goods ............................... 1,030.2 991.9 871.1 958.7 1,006.7 1,065.3 14 Wood products .......................... 29.1 25.4 20.7 22.1 22.1 23.8 15 Nonmetallic mineral products .... 50.3 43.9 37.4 36.3 36.6 38.3 16 Primary metals .......................... 64.7 67.5 40.3 49.0 60.5 64.5 17 Fabricated metal products......... 135.1 133.1 118.0 120.6 125.5 134.1 18 Machinery ................................. 129.8 129.4 115.1 121.3 136.2 145.9 Computer and electronic 19 products ................................ 227.3 232.8 227.3 247.5 247.3 252.4 20 Electrical equipment, appliances, and components 50.2 55.0 50.0 50.2 50.0 52.4 21 Motor vehicles, bodies and trailers, and par ts .................. 125.3 91.3 48.1 96.4 113.8 122.4 Other transportation equipment 114.1 111.2 111.3 109.9 110.1 122.4 22 23 Furniture and related products 32.5 27.9 23.1 22.2 22.9 24.0 24 Miscellaneous manufacturing.... 71.9 74.6 79.8 83.0 81.6 85.2 25 Nondurable goods ......................... 824.5 815.8 847.5 870.8 916.2 969.0 26 Food and beverage and tobacco products ................................ 194.4 201.3 243.2 230.4 219.9 233.3 27 Textile mills and textile product 16.2 15.7 15.6 15.2 17.9 19.4 mills ....................................... Apparel and leather and allied 28 10.6 10.4 10.7 9.9 11.6 11.9 products ................................ 53.4 53.3 55.2 58.5 51.1 55.8 Paper products .......................... 29 Printing and related suppor t 30 37.3 39.0 38.8 39.3 44.9 47.8 activities ................................ 179.1 172.9 130.2 114.7 156.9 155.0 Petroleum and coal products..... 31 32 Chemical products .................... 276.5 275.8 305.2 326.2 339.1 370.1 33 Plastics and rubber products .... 63.7 56.3 61.5 63.7 65.9 68.9 34 Wholesale trade............................... 861.0 878.5 823.5 869.1 909.4 962.7 35 Retail trade....................................... 877.7 857.8 843.8 869.9 894.6 927.8 36 Motor vehicle and parts dealers .... 165.9 146.3 123.6 152.8 158.4 183.0 37 Food and beverage stores............. 125.0 131.7 136.8 137.2 141.3 140.7 38 General merchandise stores ......... 124.6 134.9 145.5 142.3 144.1 143.6 39 Other retail .................................... 462.2 444.9 437.8 437.6 450.7 460.6 40 Transportation and warehousing... 409.7 423.5 400.0 426.7 447.8 471.6 41 Air transportation........................... 68.8 64.3 64.1 72.5 75.9 77.8 42 Rail transportation ......................... 32.4 37.6 33.7 35.1 38.1 39.8 43 Water transportation...................... 14.7 16.9 16.7 16.0 14.3 14.4 44 Truck transportation....................... 123.0 120.1 109.5 113.8 118.6 126.0 45 Transit and ground passenger transportation ............................ 26.3 27.0 27.3 28.1 28.8 30.4 46 Pipeline transportation .................. 13.4 16.1 14.3 18.9 22.9 24.4 47 Other transportation and support activities .................................... 89.9 96.0 88.6 96.0 103.4 110.2 48 Warehousing and storage ............. 41.3 45.6 45.9 46.3 45.8 48.6 49 Information....................................... 702.6 727.1 701.5 724.2 741.3 776.7 50 Publishing industries, except Internet (includes software)....... 190.4 186.4 174.9 181.5 184.7 191.5 51 Motion picture and sound recording industries................... 73.7 80.6 88.0 104.5 108.2 113.2 52 Broadcasting and telecommunications .................. 373.9 388.9 372.2 368.9 376.5 391.9 53 Data processing, Internet publishing, and other information services .................. 64.6 71.3 66.4 69.2 72.0 80.2 1. The NIPA reconciliation item shows the differences between the Annual Industry Accounts (AIAs) and the National Income and Product Accounts (NIPAs) that result from the incorporation of source data in the AIAs that were not available to be incorporated in the NIPAs. These differences do not indicate future revisions to the NIPAs, which will reflect the incor poration of additional key source data. 2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 3. Consists of utilities; wholesale trade; retail trade; transpor tation and warehousing; information; finance, insurance, Line 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 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 suppor t 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........................................... 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 ....................... NIPA reconciliation item 1........................... Addenda: Gross domestic product, NIPAs ................ Less: Value added, all industries .............. NIPA reconciliation item 1 .......................... Private goods-producing industries 2 ........ Private services-producing industries 3 .... Information-communications-technology producing industries 4 ........................... 2007 2008 2009 2010 2011 2012 2,878.1 1,040.7 2,806.0 909.0 2,875.2 970.8 2,947.5 1,004.6 3,011.7 1,011.6 3,172.5 1,078.2 420.6 418.5 400.4 409.6 405.7 435.0 185.8 104.9 173.7 185.0 183.5 184.6 392.7 339.7 357.5 364.8 378.5 413.1 41.7 1,837.3 1,671.5 45.9 1,897.0 1,718.2 39.2 1,904.5 1,739.8 45.3 1,942.9 1,781.0 43.9 2,000.1 1,833.6 45.5 2,094.4 1,917.2 165.8 1,657.4 178.8 1,753.1 164.6 1,660.9 161.9 1,727.3 166.5 1,824.7 177.1 1,937.2 967.5 215.4 1,052.5 238.2 999.2 214.0 1,019.0 205.6 1,079.1 218.8 1,140.2 225.2 167.2 177.5 180.4 189.9 206.6 229.8 584.9 636.8 604.9 623.5 653.7 685.1 259.6 262.0 247.7 268.6 282.9 307.7 430.4 394.8 438.6 402.2 414.0 376.7 439.6 394.0 462.8 418.9 489.4 444.1 35.6 36.4 37.3 45.6 43.9 45.2 1,064.7 138.7 926.0 443.4 295.2 107.0 80.4 1,147.2 149.8 997.4 476.2 320.1 115.0 86.1 1,215.9 163.5 1,052.3 498.6 343.7 121.0 89.1 1,248.0 169.5 1,078.4 516.7 345.7 124.4 91.7 1,283.1 174.0 1,109.1 535.9 355.5 126.5 91.2 1,339.7 182.3 1,157.4 561.4 371.7 129.7 94.5 532.2 137.7 535.6 139.9 522.7 138.5 540.7 144.1 562.8 150.3 596.5 157.3 75.0 77.7 78.3 78.3 82.2 86.5 62.7 62.1 60.3 65.8 68.1 70.8 394.5 395.7 384.2 396.6 412.5 439.2 124.1 123.2 107.1 111.0 119.5 124.7 270.4 272.5 277.1 285.6 293.1 314.6 330.6 331.4 330.0 332.3 337.5 352.0 1,905.2 2,002.4 2,065.8 2,137.9 2,165.0 2,186.3 602.4 633.3 664.0 701.1 715.1 711.7 536.3 570.3 603.6 643.6 663.0 666.4 66.1 62.9 60.3 57.5 52.1 45.3 1,302.9 1,369.2 1,401.8 1,436.7 1,449.8 1,474.5 1,210.2 1,273.2 1,304.0 1,332.3 1,339.4 1,357.3 92.7 96.0 97.8 104.4 110.4 117.2 .............. ............. .............. ............. .............. .............. .............. ............. .............. ............. .............. .............. ............. .............. ............. .............. .............. ............. .............. ............. .............. 3,026.1 3,017.6 2,725.0 2,861.8 3,076.0 9,549.0 9,700.3 9,627.2 9,958.6 10,292.9 851.2 882.1 850.1 871.6 901.8 .............. .............. .............. 3,246.2 10,812.1 960.8 real estate, rental, and leasing; professional and business ser vices; educational services, health care, and social assis tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. 4. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. 20 Industry Economic Accounts February 2014 Table 2. Value Added by Industry as a Percentage of Gross Domestic Product, 2007–2012 [Percent] Line 1 Gross domestic product ........................... 2 Private industries .............................................. 3 Agriculture, forestry, fishing, and hunting 4 Farms .......................................................... 5 Forestry, fishing, and related activities ........ 6 Mining............................................................. 7 Oil and gas extraction.................................. 8 Mining, except oil and gas ........................... 9 Support activities for mining ........................ 2007 2008 2009 2010 2011 2012 100.0 86.8 1.0 0.8 0.2 2.2 1.4 0.4 0.3 100.0 86.4 1.1 0.9 0.2 2.7 1.9 0.4 0.4 100.0 85.7 1.0 0.8 0.2 2.0 1.3 0.5 0.3 100.0 85.7 1.1 0.9 0.2 2.2 1.4 0.5 0.3 100.0 86.1 1.3 1.1 0.2 2.6 1.7 0.6 0.4 100.0 86.5 1.2 1.0 0.2 2.6 1.7 0.6 0.4 1.7 10 Utilities ........................................................... 1.6 1.6 1.8 1.8 1.8 11 Construction .................................................. 4.9 4.4 4.0 3.6 3.5 3.6 12 13 14 15 16 17 18 19 20 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 suppor t activities ..... Petroleum and coal products................... Chemical products .................................. Plastics and rubber products................... Wholesale trade ............................................. Retail trade ..................................................... Motor vehicle and parts dealers .................. Food and beverage stores ........................... General merchandise stores ....................... Other retail .................................................. Transportation and warehousing................. Air transportation ......................................... Rail transportation ....................................... Water transportation .................................... Truck transportation ..................................... Transit and ground passenger transportation .......................................... Pipeline transportation ................................ Other transpor tation and support activities Warehousing and storage ........................... Information..................................................... Publishing industries, except Internet (includes software) .................................. Motion picture and sound recording industries ................................................. Broadcasting and telecommunications........ Data processing, Internet publishing, and other information services ....................... 12.8 7.1 0.2 0.3 0.4 0.9 0.9 1.6 12.3 6.7 0.2 0.3 0.5 0.9 0.9 1.6 11.9 6.0 0.1 0.3 0.3 0.8 0.8 1.6 12.2 6.4 0.1 0.2 0.3 0.8 0.8 1.7 12.4 6.5 0.1 0.2 0.4 0.8 0.9 1.6 12.5 6.6 0.1 0.2 0.4 0.8 0.9 1.6 0.3 0.4 0.3 0.3 0.3 0.3 0.9 0.8 0.2 0.5 5.7 0.6 0.8 0.2 0.5 5.5 0.3 0.8 0.2 0.6 5.9 0.6 0.7 0.1 0.6 5.8 0.7 0.7 0.1 0.5 5.9 0.8 0.8 0.1 0.5 6.0 1.3 0.1 0.1 0.4 0.3 1.1 1.9 0.4 5.9 6.1 1.1 0.9 0.9 3.2 2.8 0.5 0.2 0.1 0.8 1.4 0.1 0.1 0.3 0.3 1.1 1.9 0.4 6.0 5.8 1.0 0.9 0.9 3.0 2.9 0.4 0.3 0.1 0.8 1.7 0.1 0.1 0.4 0.3 0.8 2.1 0.4 5.7 5.9 0.9 0.9 1.0 3.0 2.8 0.4 0.2 0.1 0.8 1.5 0.1 0.1 0.4 0.3 0.9 2.2 0.4 5.8 5.8 1.0 0.9 1.0 2.9 2.9 0.5 0.2 0.1 0.8 1.4 0.1 0.1 0.3 0.3 1.1 2.2 0.4 5.9 5.8 1.0 0.9 0.9 2.9 2.9 0.5 0.2 0.1 0.8 1.4 0.1 0.1 0.3 0.2 1.1 2.3 0.4 5.9 5.7 1.1 0.9 0.9 2.8 2.9 0.5 0.2 0.1 0.8 0.2 0.1 0.6 0.3 4.9 0.2 0.1 0.7 0.3 4.9 0.2 0.1 0.6 0.3 4.9 0.2 0.1 0.6 0.3 4.8 0.2 0.1 0.7 0.3 4.8 0.2 0.2 0.7 0.3 4.8 1.3 1.3 1.2 1.2 1.2 1.2 0.5 2.6 0.5 2.6 0.6 2.6 0.7 2.5 0.7 2.4 0.7 2.4 0.4 0.5 0.5 0.5 0.5 0.5 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 1. The NIPA reconciliation item shows the differences between the Annual Industry Accounts (AIAs) and the National Income and Product Accounts (NIPAs) that result from the incorporation of source data in the AIAs that were not available to be incorporated in the NIPAs. These differences do not indicate future revisions to the NIPAs, which will reflect the incor poration of additional key source data. 2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, Line 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 2007 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 ........................................................... Nursing and residential care facilities ............... Social assistance .............................................. Arts, entertainment, recreation, accommodation, and food services ............................................... Arts, entertainment, and recreation.................. Performing ar ts, 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 ....................................... NIPA reconciliation item 1 ........................................... Addenda: Gross domestic product, NIPAs ................................ Less: Value added, all industries .............................. NIPA reconciliation item 1.......................................... Private goods-producing industries 2 ........................ Private services-producing industries 3 .................... Information-communications-technology-producing industries 4 ............................................................ 2008 2009 2010 2011 2012 19.9 7.2 19.1 6.2 19.9 6.7 19.7 6.7 19.4 6.5 19.5 6.6 2.9 2.8 2.8 2.7 2.6 2.7 1.3 2.7 0.3 12.7 11.5 0.7 2.3 0.3 12.9 11.7 1.2 2.5 0.3 13.2 12.1 1.2 2.4 0.3 13.0 11.9 1.2 2.4 0.3 12.9 11.8 1.1 2.5 0.3 12.9 11.8 1.1 11.4 6.7 1.5 1.2 1.2 11.9 7.1 1.6 1.2 1.1 11.5 6.9 1.5 1.3 1.1 11.5 6.8 1.4 1.3 1.1 11.7 6.9 1.4 1.3 1.1 11.9 7.0 1.4 1.4 4.0 1.8 4.3 1.8 4.2 1.7 4.2 1.8 4.2 1.8 4.2 1.9 3.0 2.7 0.2 3.0 2.7 0.2 2.9 2.6 0.3 2.9 2.6 0.3 3.0 2.7 0.3 3.0 2.7 0.3 7.4 1.0 6.4 3.1 2.0 0.7 0.6 7.8 1.0 6.8 3.2 2.2 0.8 0.6 8.4 1.1 7.3 3.5 2.4 0.8 0.6 8.3 1.1 7.2 3.5 2.3 0.8 0.6 8.3 1.1 7.1 3.5 2.3 0.8 0.6 8.2 1.1 7.1 3.5 2.3 0.8 0.6 3.7 1.0 3.6 1.0 3.6 1.0 3.6 1.0 3.6 1.0 3.7 1.0 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 2.7 2.7 2.7 2.7 2.7 2.7 0.9 0.8 0.7 0.7 0.8 0.8 1.9 1.9 1.9 1.9 1.9 1.9 2.3 2.3 2.3 2.2 2.2 2.2 13.2 13.6 14.3 14.3 13.9 13.5 4.2 4.3 4.6 4.7 4.6 4.4 3.7 3.9 4.2 4.3 4.3 4.1 0.5 0.4 0.4 0.4 0.3 0.3 9.0 9.3 9.7 9.6 9.3 9.1 8.4 8.6 9.0 8.9 8.6 8.4 0.6 0.7 0.7 0.7 0.7 0.7 ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... ........... 20.9 20.5 18.9 19.1 19.8 20.0 65.9 65.9 66.8 66.6 66.3 66.6 5.9 6.0 5.9 5.8 5.8 5.9 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. 4. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. SURVEY OF CURRENT BUSINESS February 2014 21 Table 3. Chain-Type Quantity Indexes for Value Added by Industry, 2007–2012 [2009=100] Line 2007 2008 2009 2010 2011 2012 1 Gross domestic product ......................... 103.182 102.883 100.000 102.507 104.400 107.302 2 Private industries ............................................ 104.365 103.324 100.000 102.431 104.402 107.484 3 Agriculture, forestry, fishing, and hunting 82.959 88.440 100.000 101.874 97.766 98.050 4 Farms ........................................................ 78.513 86.259 100.000 101.507 96.373 95.296 5 Forestry, fishing, and related activities ...... 104.130 97.823 100.000 103.372 104.384 112.470 6 Mining........................................................... 86.458 87.548 100.000 94.081 103.439 117.956 7 Oil and gas extraction................................ 75.911 76.264 100.000 86.154 92.167 109.098 8 Mining, except oil and gas......................... 109.689 104.433 100.000 106.563 117.417 119.687 9 Support activities for mining ...................... 117.633 132.311 100.000 114.980 142.635 163.677 10 Utilities ......................................................... 104.945 106.971 100.000 110.321 112.196 114.163 11 Construction ................................................ 125.490 114.789 100.000 95.050 95.058 98.895 12 Manufacturing ............................................. 112.938 108.435 100.000 106.770 107.528 109.519 13 Durable goods ........................................... 119.091 117.431 100.000 112.363 119.486 124.353 14 Wood products ...................................... 128.863 118.781 100.000 103.369 112.810 114.145 15 Nonmetallic mineral products ................ 137.056 125.688 100.000 100.291 104.606 104.302 16 Primary metals ...................................... 97.953 101.006 100.000 96.735 102.545 125.537 17 Fabricated metal products..................... 138.887 131.005 100.000 109.874 114.912 116.777 18 Machinery ............................................. 125.738 125.655 100.000 110.393 125.347 128.371 19 Computer and electronic products ........ 89.140 99.510 100.000 111.918 115.956 119.777 20 Electrical equipment, appliances, and components ...................................... 112.967 120.090 100.000 103.193 104.089 102.860 Motor vehicles, bodies and trailers, and 21 parts .................................................. 284.281 221.941 100.000 215.449 271.088 279.277 Other transportation equipment ............ 108.656 105.611 100.000 98.968 98.414 106.962 22 Furniture and related products .............. 158.443 136.275 100.000 100.866 104.101 105.248 23 Miscellaneous manufacturing................ 92.539 97.298 100.000 104.831 103.044 105.724 24 Nondurable goods ..................................... 106.776 99.222 100.000 101.141 95.937 95.430 25 Food and beverage and tobacco 26 products ............................................ 104.216 92.813 100.000 102.681 96.153 93.133 27 Textile mills and textile product mills...... 138.714 126.117 100.000 103.228 91.810 97.932 28 Apparel and leather and allied products 118.758 117.793 100.000 111.210 106.994 106.759 29 Paper products ...................................... 109.647 95.931 100.000 91.126 88.092 88.169 30 Printing and related support activities ... 118.836 115.862 100.000 101.229 106.278 102.533 31 Petroleum and coal products................. 96.129 103.352 100.000 86.012 77.105 73.565 32 Chemical products ................................ 110.004 98.780 100.000 107.257 102.669 106.045 33 Plastics and rubber products ................ 115.632 100.612 100.000 106.831 106.964 105.928 34 Wholesale trade........................................... 115.999 114.683 100.000 103.182 104.687 107.370 35 Retail trade................................................... 107.210 102.896 100.000 102.157 103.341 104.704 36 Motor vehicle and parts dealers ................ 133.221 120.520 100.000 119.175 121.523 142.531 37 Food and beverage stores......................... 101.334 99.826 100.000 104.374 101.483 95.838 38 General merchandise stores ..................... 85.377 89.311 100.000 89.232 89.713 81.638 39 Other retail ................................................ 109.125 103.516 100.000 101.095 103.458 104.911 40 Transportation and warehousing............... 108.565 108.750 100.000 105.741 109.346 110.515 41 Air transportation....................................... 116.313 105.558 100.000 109.869 108.920 99.298 42 Rail transpor tation ..................................... 109.242 114.102 100.000 102.326 105.853 102.534 43 Water transportation.................................. 70.554 83.632 100.000 83.718 90.044 101.722 44 Truck transportation................................... 118.470 112.972 100.000 109.963 115.585 118.707 Transit and ground passenger 45 transportation ........................................ 111.696 110.484 100.000 100.309 100.786 101.690 Pipeline transportation .............................. 107.774 137.327 100.000 123.128 143.968 148.213 46 Other transportation and support activities 105.448 108.801 100.000 103.066 105.172 107.424 47 Warehousing and storage ......................... 94.876 100.853 100.000 104.199 108.231 120.340 48 49 Information................................................... 99.460 103.885 100.000 103.973 106.245 110.875 50 Publishing industries, except Internet (includes software) ................................ 112.124 108.441 100.000 105.023 106.448 110.283 51 Motion picture and sound recording industries............................................... 84.926 91.735 100.000 118.847 121.674 127.888 52 Broadcasting and telecommunications ..... 97.367 103.746 100.000 99.630 101.563 104.537 53 Data processing, Internet publishing, and other information services ..................... 97.855 108.906 100.000 105.828 111.543 125.754 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Line 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 2007 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.................................................... Nursing and residential care facilities ........ Social assistance....................................... Arts, entertainment, recreation, accommodation, and food services .......... Arts, entertainment, and recreation .......... Performing ar ts, 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 industries 1 ................. Private services-producing industries 2 ............. Information-communications-technology producing industries 3 .................................... 2008 2009 2010 2011 2012 99.776 96.163 100.000 101.624 102.732 105.023 99.197 86.408 100.000 99.683 98.938 101.239 88.969 88.852 100.000 96.884 97.017 97.150 104.777 110.701 92.151 99.789 99.008 54.732 97.474 103.155 101.391 100.307 100.000 100.000 100.000 100.000 100.000 102.462 100.495 108.775 102.635 102.991 96.137 101.569 108.045 104.732 105.095 97.395 108.660 95.155 107.017 106.932 108.051 112.945 100.000 98.877 100.900 107.999 102.432 107.043 100.000 102.704 107.355 112.345 99.202 106.546 100.000 100.815 105.196 109.576 105.791 113.324 100.000 92.365 93.706 93.486 92.468 97.914 100.000 107.137 116.701 131.390 98.900 106.753 100.000 101.988 105.996 109.202 109.520 109.158 100.000 107.643 112.957 122.139 106.046 106.988 100.000 104.309 109.219 113.217 106.620 107.686 100.000 102.908 108.889 112.933 100.247 99.904 100.000 118.353 112.653 116.201 92.799 91.511 93.000 93.245 91.144 95.924 94.858 97.847 95.424 98.222 98.757 96.567 99.828 99.438 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.420 100.979 100.333 101.190 98.725 101.221 100.523 101.814 100.910 101.957 103.985 100.282 101.404 97.821 104.314 101.884 104.702 107.758 102.174 102.823 99.916 109.524 106.973 100.000 103.595 108.154 111.028 103.991 103.461 100.000 104.350 108.707 111.186 101.295 101.816 100.000 99.468 104.199 107.286 107.478 111.558 116.256 109.650 109.383 97.672 94.538 91.634 126.243 99.171 98.301 112.201 105.599 108.255 112.809 106.407 105.443 99.460 97.095 95.118 118.379 100.588 99.609 115.268 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 110.763 103.323 104.617 102.827 98.152 100.686 102.468 103.418 92.956 99.840 99.326 106.836 114.622 107.955 111.221 106.697 97.652 100.321 102.632 104.444 84.356 99.223 98.291 111.996 116.293 110.971 112.520 110.382 99.484 100.145 101.572 104.379 73.082 99.466 98.309 115.316 110.025 105.681 100.000 102.577 104.001 107.828 102.696 102.640 100.000 102.390 104.521 107.380 95.592 102.339 100.000 104.408 109.263 117.103 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. 22 Industry Economic Accounts February 2014 Table 3A. Percent Changes in Chain-Type Quantity Indexes for Value Added by Industry, 2007–2012 Line 1 Gross domestic product ................................. 2 Private industries .................................................... 3 Agriculture, forestry, fishing, and hunting ........ 4 Farms ................................................................ 5 Forestry, fishing, and related activities .............. 6 Mining................................................................... 7 Oil and gas extraction........................................ 8 Mining, except oil and gas ................................. 9 Support activities for mining .............................. 10 Utilities ................................................................. 11 Construction ........................................................ 12 Manufacturing...................................................... 13 Durable goods ................................................... 14 Wood products .............................................. 15 Nonmetallic mineral products ........................ 16 Primary metals .............................................. 17 Fabricated metal products ............................. 18 Machinery ..................................................... 19 Computer and electronic products ................ 20 Electrical equipment, appliances, and components............................................... 21 Motor vehicles, bodies and trailers, and par ts 22 Other transportation equipment .................... 23 Furniture and related products ...................... 24 Miscellaneous manufacturing ........................ 25 Nondurable goods ............................................. 26 Food and beverage and tobacco products .... 27 Textile mills and textile product mills.............. 28 Apparel and leather and allied products........ 29 Paper products .............................................. 30 Printing and related suppor t activities ........... 31 Petroleum and coal products......................... 32 Chemical products ........................................ 33 Plastics and rubber products......................... 34 Wholesale trade ................................................... 35 Retail trade ........................................................... 36 Motor vehicle and parts dealers ........................ 37 Food and beverage stores ................................. 38 General merchandise stores ............................. 39 Other retail ........................................................ 40 Transportation and warehousing....................... 41 Air transportation ............................................... 42 Rail transportation ............................................. Water transportation .......................................... 43 Truck transportation ........................................... 44 Transit and ground passenger transportation .... 45 Pipeline transportation ...................................... 46 Other transportation and support activities ....... 47 48 Warehousing and storage ................................. 49 Information........................................................... 50 Publishing industries, except Internet (includes software) ....................................................... 51 Motion picture and sound recording industries 52 Broadcasting and telecommunications.............. 53 Data processing, Internet publishing, and other information services ...................................... 2007 2009 2010 1.8 1.5 –13.5 –15.8 –4.9 6.6 6.8 1.7 12.0 1.2 –3.7 3.3 4.3 5.1 –0.2 –2.8 3.8 4.4 12.9 2008 –0.3 –1.0 6.6 9.9 –6.1 1.3 0.5 –4.8 12.5 1.9 –8.5 –4.0 –1.4 –7.8 –8.3 3.1 –5.7 –0.1 11.6 –2.8 –3.2 13.1 15.9 2.2 14.2 31.1 –4.2 –24.4 –6.5 –12.9 –7.8 –14.8 –15.8 –20.4 –1.0 –23.7 –20.4 0.5 2.5 2.4 1.9 1.5 3.4 –5.9 –13.8 6.6 15.0 10.3 –5.0 6.8 12.4 3.4 0.3 –3.3 9.9 10.4 11.9 2011 1.8 1.9 –4.0 –5.1 1.0 9.9 7.0 10.2 24.1 1.7 0.0 0.7 6.3 9.1 4.3 6.0 4.6 13.5 3.6 2012 2.8 3.0 0.3 –1.1 7.7 14.0 18.4 1.9 14.8 1.8 4.0 1.9 4.1 1.2 –0.3 22.4 1.6 2.4 3.3 –6.4 –4.4 17.6 –9.1 1.6 2.0 0.8 –1.5 –6.0 –6.1 2.7 1.2 5.9 1.9 3.3 –2.8 –0.3 –4.9 –2.1 –3.2 –1.3 7.8 –1.3 30.8 –3.1 0.2 18.4 –10.0 –5.1 9.7 6.3 –21.9 –2.8 –14.0 5.1 –7.1 –10.9 –9.1 –0.8 –12.5 –2.5 7.5 –10.2 –13.0 –1.1 –4.0 –9.5 –1.5 4.6 –5.1 0.2 –9.2 4.4 18.5 –4.6 –1.1 27.4 3.2 6.3 4.4 –16.7 –54.9 –5.3 –26.6 2.8 0.8 7.7 –20.7 –15.1 4.2 –13.7 –3.2 1.2 –0.6 –12.8 –2.8 –17.0 0.2 12.0 –3.4 –8.0 –5.3 –12.4 19.6 –11.5 –9.5 –27.2 –8.1 –0.8 –3.7 3.2 115.4 –1.0 0.9 4.8 1.1 2.7 3.2 11.2 –8.9 1.2 –14.0 7.3 6.8 3.2 2.2 19.2 4.4 –10.8 1.1 5.7 9.9 2.3 –16.3 10.0 0.3 23.1 3.1 4.2 4.0 0.9 25.8 –0.6 3.2 –1.7 –5.1 –6.4 –11.1 –3.8 –3.3 5.0 –10.4 –4.3 0.1 1.5 1.2 2.0 –2.8 0.5 2.3 3.4 –0.9 3.4 7.6 5.1 0.5 16.9 2.0 3.9 2.2 –1.2 3.0 8.7 1.1 2.6 –0.5 –3.1 6.7 –0.2 0.1 –3.5 –4.6 3.3 –1.0 2.6 1.3 17.3 –5.6 –9.0 1.4 1.1 –8.8 –3.1 13.0 2.7 0.9 2.9 2.1 11.2 4.4 17.8 12.1 12.1 –3.3 8.0 6.6 –7.8 9.0 –3.6 5.0 18.8 –0.4 1.4 2.4 1.9 3.6 5.1 2.9 –18.2 11.3 –8.2 5.8 5.4 12.7 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Line 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 2007 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 suppor t 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 ........................................................... 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 industries 1 ........................ Private services-producing industries 2 ..................... Information-communications-technology-producing industries 3 ............................................................ 1.8 –2.6 2008 2009 2010 –3.6 –12.9 4.0 15.7 1.6 –0.3 2011 2012 1.1 –0.7 2.2 2.3 –4.7 –0.1 12.5 –3.1 0.1 0.1 –19.1 8.0 15.5 4.4 5.4 –47.8 –11.9 11.9 1.6 1.3 82.7 2.6 –3.1 –1.4 –0.3 2.5 0.5 8.8 2.6 3.0 –6.2 1.1 –0.7 2.0 2.0 1.3 7.0 –11.9 2.2 1.7 –4.6 2.4 3.1 0.7 11.5 4.5 4.5 7.4 7.1 5.9 –11.5 –6.6 –6.1 –11.8 2.1 –1.1 2.7 0.8 –7.6 7.1 2.0 4.5 4.3 1.5 8.9 7.0 4.6 4.2 –0.2 12.6 1.8 –2.6 7.9 –0.3 –6.3 –8.4 2.0 7.6 3.9 4.9 3.0 8.1 3.8 3.3 9.1 0.9 1.0 –0.3 –6.5 –7.1 0.1 4.3 2.9 18.4 4.7 5.8 –4.8 3.7 3.7 3.1 1.0 2.2 0.8 –0.1 2.3 0.1 1.2 5.4 4.3 5.6 5.9 5.9 4.1 4.8 2.2 4.8 1.8 1.3 3.6 0.2 0.6 0.4 1.0 0.3 1.2 –1.3 1.2 0.5 1.4 –0.1 1.6 2.8 1.6 0.2 –2.7 2.5 1.0 2.7 3.6 1.9 1.4 2.1 0.1 1.7 –2.3 –0.5 –6.5 –3.3 3.6 4.4 4.4 4.2 2.7 2.3 –1.8 0.5 –1.8 –0.5 4.8 3.0 6.2 –0.4 1.9 –1.4 –2.4 1.1 0.9 1.4 –3.3 1.1 1.4 –2.4 –1.7 –3.0 –3.0 –3.0 –3.6 1.8 2.7 3.8 –6.2 1.4 1.3 2.7 –5.3 –7.6 –11.4 –6.0 –5.2 0.5 3.0 5.1 –15.5 –0.6 0.4 –13.2 10.8 3.3 4.6 2.8 –1.8 0.7 2.5 3.4 –7.0 –0.2 –0.7 6.8 3.5 4.5 6.3 3.8 –0.5 –0.4 0.2 1.0 –9.3 –0.6 –1.0 4.8 1.5 2.8 1.2 3.5 1.9 –0.2 –1.0 –0.1 –13.4 0.2 0.0 3.0 1.1 1.7 –3.9 –0.1 –5.4 –2.6 2.6 2.4 1.4 2.1 3.7 2.7 10.7 7.1 –2.3 4.4 4.7 7.2 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. SURVEY OF CURRENT BUSINESS February 2014 23 Table 4. Real Value Added by Industry, 2007–2012 [Billions of chained (2009) dollars] Line 1 Gross domestic product ..................... 2 Private industries ........................................ 3 Agriculture, forestry, fishing, and hunting ................................................. 4 Farms .................................................... 5 Forestry, fishing, and related activities 6 Mining....................................................... 7 Oil and gas extraction............................ 8 Mining, except oil and gas..................... 9 Support activities for mining .................. 10 Utilities ..................................................... 11 Construction ............................................ 12 Manufacturing ......................................... 13 Durable goods ....................................... Wood products .................................. 14 Nonmetallic mineral products ............ 15 Primary metals .................................. 16 Fabricated metal products................. 17 Machinery ......................................... 18 Computer and electronic products .... 19 Electrical equipment, appliances, 20 and components ........................... Motor vehicles, bodies and trailers, 21 and parts ....................................... 22 Other transportation equipment ........ 23 Furniture and related products .......... 24 Miscellaneous manufacturing............ 25 Nondurable goods ................................. 26 Food and beverage and tobacco products ........................................ 27 Textile mills and textile product mills 28 Apparel and leather and allied products ........................................ 29 Paper products .................................. 30 Printing and related support activities 31 Petroleum and coal products............. 32 Chemical products ............................ 33 Plastics and rubber products ............ 34 Wholesale trade....................................... 35 Retail trade............................................... Motor vehicle and parts dealers ............ 36 Food and beverage stores..................... 37 General merchandise stores ................. 38 Other retail ............................................ 39 40 Transportation and warehousing........... Air transportation................................... 41 Rail transportation ................................. 42 Water transportation.............................. 43 44 Truck transportation............................... 45 Transit and ground passenger transportation .................................... 46 Pipeline transportation .......................... 47 Other transportation and support activities ............................................ 48 Warehousing and storage ..................... 49 Information............................................... 50 Publishing industries, except Internet (includes software) ............................ 51 Motion picture and sound recording industries........................................... 52 Broadcasting and telecommunications 53 Data processing, Internet publishing, and other information services .......... 2007 2008 2009 2010 2011 2012 14,876.8 14,833.6 14,417.9 14,779.4 15,052.4 15,470.7 12,891.4 12,762.8 12,352.2 12,652.5 12,895.9 13,276.6 114.2 121.8 137.7 140.3 134.6 135.0 86.2 94.7 109.8 111.5 105.8 104.6 29.1 27.3 27.9 28.8 29.1 31.4 251.6 254.8 291.0 273.8 301.0 343.3 140.6 141.2 185.2 159.6 170.7 202.0 72.2 68.7 65.8 70.1 77.3 78.8 47.1 52.9 40.0 46.0 57.1 65.5 266.2 271.4 253.7 279.9 284.6 289.6 724.8 663.0 577.6 549.0 549.1 571.2 1,941.0 1,863.6 1,718.6 1,834.9 1,848.0 1,882.2 1,037.4 1,022.9 871.1 978.8 1,040.8 1,083.2 23.6 23.4 21.4 20.7 24.6 26.7 39.0 39.1 37.5 37.4 47.0 51.3 50.6 41.3 39.0 40.3 40.7 39.5 137.8 135.6 129.7 118.0 154.6 163.9 147.8 144.3 127.1 115.1 144.6 144.7 272.3 263.6 254.4 227.3 226.2 202.6 Line 54 55 56 57 58 59 60 61 62 63 64 65 66 67 56.5 60.0 50.0 51.6 52.0 51.4 136.7 120.9 36.6 73.8 904.9 106.8 117.5 31.5 77.6 840.9 48.1 111.3 23.1 79.8 847.5 103.6 110.2 23.3 83.7 857.2 130.4 109.5 24.0 82.2 813.1 134.3 119.0 24.3 84.4 808.8 253.5 21.1 225.7 19.2 243.2 15.2 249.7 15.7 233.8 14.0 226.5 14.9 72 11.8 64.1 46.7 110.3 335.7 71.1 955.3 904.6 164.7 138.6 124.2 477.7 434.3 74.6 36.8 11.8 129.7 11.7 56.1 45.5 118.5 301.5 61.9 944.4 868.2 149.0 136.6 129.9 453.2 435.0 67.7 38.5 14.0 123.7 9.9 58.5 39.3 114.7 305.2 61.5 823.5 843.8 123.6 136.8 145.5 437.8 400.0 64.1 33.7 16.7 109.5 11.0 53.3 39.8 98.7 327.3 65.7 849.7 862.0 147.3 142.8 129.8 442.6 423.0 70.4 34.5 14.0 120.4 10.6 51.5 41.8 88.4 313.3 65.8 862.1 872.0 150.2 138.8 130.5 452.9 437.4 69.8 35.7 15.0 126.6 10.6 51.6 40.3 84.4 323.6 65.1 884.2 883.5 176.2 131.1 118.8 459.3 442.1 63.7 34.6 17.0 130.0 73 74 75 76 77 78 79 30.5 15.4 30.2 19.6 27.3 14.3 27.4 17.6 27.5 20.6 27.8 21.2 93.4 43.5 697.7 96.4 46.3 728.8 88.6 45.9 701.5 91.3 47.8 729.4 93.2 49.7 745.3 95.2 55.2 777.8 196.1 189.7 174.9 183.7 186.2 192.9 74.7 362.4 80.7 386.1 88.0 372.2 104.6 370.8 107.1 378.0 112.5 389.1 65.0 72.3 66.4 70.3 74.1 83.5 1. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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 value of the “Not allocated by industry” line reflects the difference between the first line and the sum of the most detailed lines, as well as the differences in source data used to estimate GDP by industry and the expenditures measure of real GDP. 2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 3. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, 68 69 70 71 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 2007 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 suppor t 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 .............................................. Nursing and residential care facilities Social assistance................................. Arts, entertainment, recreation, accommodation, and food services .... Arts, entertainment, and recreation..... Performing ar ts, 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 .......................... Not allocated by industry 1............................ Addenda: Private goods-producing industries 2 ........... Private services-producing industries 3 ....... Information-communications-technology producing industries 4 .............................. 2008 2009 2010 2011 2012 2,868.8 2,764.9 2,875.2 2,921.9 2,953.8 3,019.6 982.8 960.5 967.7 970.8 838.8 963.0 389.0 356.2 355.8 400.4 387.9 388.5 182.0 95.1 173.7 178.0 167.0 169.2 395.8 348.5 357.5 359.3 363.1 388.5 36.1 40.4 39.2 42.6 42.4 37.3 1,900.5 1,931.0 1,904.5 1,954.7 1,994.6 2,038.1 1,722.5 1,745.1 1,739.8 1,791.8 1,828.4 1,860.4 177.9 185.9 164.6 162.8 166.1 177.8 1,701.3 1,777.9 1,660.9 1,705.8 1,783.1 1,865.9 991.2 1,064.6 226.4 242.5 999.2 1,007.3 1,051.1 1,094.9 214.0 197.7 200.5 200.1 166.8 176.6 180.4 193.3 210.5 237.0 598.2 645.7 604.9 616.9 641.2 660.6 271.3 270.4 247.7 266.6 279.8 302.5 439.0 401.6 442.9 405.7 414.0 376.7 431.8 387.7 452.2 410.2 468.7 425.4 37.4 37.3 37.3 44.1 42.0 43.3 1,128.3 1,189.7 1,215.9 1,221.0 1,238.0 1,268.4 149.6 156.0 163.5 165.1 165.0 166.6 978.6 1,033.6 1,052.3 1,055.8 1,072.9 1,101.8 464.9 492.4 498.6 504.5 518.5 537.3 313.3 331.9 343.7 339.3 344.7 351.2 116.1 120.8 121.0 122.5 122.7 124.4 84.5 88.6 89.1 89.6 87.2 89.0 572.5 144.0 559.1 143.3 522.7 138.5 541.5 144.5 565.3 150.6 580.3 154.0 79.3 79.7 78.3 77.9 81.6 84.0 64.8 63.7 60.3 66.8 69.1 70.1 428.6 415.9 384.2 397.0 414.8 426.4 124.5 120.8 107.1 112.0 119.1 120.5 303.8 294.9 277.1 284.9 295.7 305.9 361.0 348.0 330.0 323.9 322.3 328.3 2,017.7 2,054.6 2,065.8 2,080.0 2,072.4 2,068.8 627.7 644.7 664.0 680.4 681.5 674.4 553.1 574.1 603.6 624.2 630.4 630.0 76.1 71.4 60.3 56.1 50.9 44.1 1,390.2 1,410.0 1,401.8 1,399.6 1,390.9 1,394.3 1,281.8 1,298.9 1,304.0 1,295.2 1,281.7 1,281.9 109.7 112.7 97.8 104.5 109.5 112.8 –106.0 –38.0 –0.1 31.6 58.0 96.6 2,998.2 2,879.8 2,725.0 2,795.2 2,834.0 2,938.3 9,886.7 9,881.4 9,627.2 9,857.3 10,062.4 10,337.7 812.6 870.0 850.1 887.6 928.8 995.5 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. 4. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. 24 Industry Economic Accounts February 2014 Table 5. Chain-Type Price Indexes for Value Added by Industry, 2007–2012 [2009=100] Line 2007 2008 2009 1 Gross domestic product ......................... 97.335 99.236 100.000 2 Private industries ............................................ 97.546 99.648 100.000 3 Agriculture, forestry, fishing, and hunting 124.376 126.931 100.000 4 Farms ........................................................ 131.804 133.399 100.000 5 Forestry, fishing, and related activities ...... 97.948 103.452 100.000 6 Mining........................................................... 124.844 157.707 100.000 7 Oil and gas extraction................................ 146.082 198.802 100.000 8 Mining, except oil and gas ......................... 81.029 91.743 100.000 9 Support activities for mining ...................... 106.769 109.490 100.000 10 Utilities ......................................................... 88.300 88.446 100.000 11 Construction ................................................ 98.654 98.549 100.000 12 Manufacturing.............................................. 95.556 97.000 100.000 13 Durable goods ........................................... 99.306 96.963 100.000 14 Wood products ...................................... 109.194 103.161 100.000 15 Nonmetallic mineral products ................ 98.193 93.385 100.000 16 Primary metals ...................................... 164.020 165.893 100.000 17 Fabricated metal products ..................... 82.424 86.081 100.000 18 Machinery ............................................. 89.636 89.431 100.000 19 Computer and electronic products ........ 112.174 102.900 100.000 20 Electrical equipment, appliances, and components....................................... 88.868 91.505 100.000 Motor vehicles, bodies and trailers, and 21 parts .................................................. 91.670 85.581 100.000 Other transportation equipment ............ 94.291 94.539 100.000 22 Furniture and related products .............. 88.936 88.910 100.000 23 Miscellaneous manufacturing ................ 97.308 96.019 100.000 24 Nondurable goods ..................................... 91.113 97.013 100.000 25 Food and beverage and tobacco 26 products ............................................ 76.710 89.166 100.000 27 Textile mills and textile product mills...... 92.073 93.318 100.000 28 Apparel and leather and allied products 100.591 99.112 100.000 29 Paper products ...................................... 87.024 91.017 100.000 30 Printing and related support activities ... 102.429 98.752 100.000 31 Petroleum and coal products................. 140.566 132.345 100.000 32 Chemical products ................................ 82.356 91.493 100.000 33 Plastics and rubber products................. 89.594 91.016 100.000 34 Wholesale trade ........................................... 90.135 93.027 100.000 35 Retail trade ................................................... 97.026 98.801 100.000 36 Motor vehicle and parts dealers ................ 100.698 98.160 100.000 37 Food and beverage stores ......................... 90.202 96.422 100.000 38 General merchandise stores ..................... 100.272 103.804 100.000 39 Other retail ................................................ 96.747 98.176 100.000 40 Transportation and warehousing............... 94.326 97.341 100.000 41 Air transportation ....................................... 92.269 95.113 100.000 42 Rail transportation ..................................... 87.981 97.727 100.000 43 Water transportation .................................. 124.705 121.244 100.000 44 Truck transportation ................................... 94.859 97.100 100.000 Transit and ground passenger 45 transportation ........................................ 86.161 89.310 100.000 Pipeline transpor tation .............................. 86.865 81.966 100.000 46 Other transportation and suppor t activities 96.208 99.557 100.000 47 Warehousing and storage ......................... 94.722 98.414 100.000 48 49 Information................................................... 100.705 99.786 100.000 50 Publishing industries, except Internet (includes software) ................................ 97.112 98.300 100.000 51 Motion picture and sound recording industries ............................................... 98.624 99.871 100.000 52 Broadcasting and telecommunications...... 103.153 100.695 100.000 53 Data processing, Internet publishing, and other information services ..................... 99.506 98.603 100.000 2010 2011 2012 101.211 101.327 114.236 116.392 105.845 121.592 131.871 110.388 98.007 97.465 98.182 99.701 97.945 103.377 96.832 125.692 93.027 95.481 97.287 103.199 103.667 146.831 156.874 108.759 135.973 152.712 116.236 103.080 98.345 99.451 104.050 96.714 94.473 93.664 146.533 92.515 94.408 93.826 105.002 105.887 148.958 159.541 108.932 125.162 133.069 117.199 104.544 94.984 101.718 108.080 98.343 100.638 98.158 127.442 97.300 98.735 92.718 67 96.090 101.778 68 97.324 93.110 87.314 91.172 99.772 100.499 102.789 95.564 95.543 98.903 99.181 99.165 100.934 101.590 112.683 119.811 92.261 99.949 97.087 103.449 97.564 131.949 99.655 96.901 102.292 100.925 103.673 96.114 109.607 98.873 100.873 102.974 101.839 114.218 94.564 94.025 112.475 98.254 103.412 93.383 195.482 108.216 100.241 105.487 102.595 105.417 101.828 110.360 99.515 102.380 108.742 106.994 95.215 93.760 103.007 109.296 99.912 103.559 92.680 212.204 114.362 105.765 108.883 105.025 103.825 107.366 120.829 100.275 106.681 122.319 115.341 84.876 96.932 102.522 104.485 109.552 107.828 111.271 115.312 105.137 111.011 115.776 96.672 92.089 87.908 99.298 99.472 99.872 98.842 99.204 99.289 99.934 101.059 100.605 99.484 99.586 100.703 98.577 97.247 96.093 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Line 54 55 56 57 58 59 60 61 62 63 64 65 66 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 2007 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 suppor t 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.................................................... Nursing and residential care facilities ........ Social assistance....................................... Arts, entertainment, recreation, accommodation, and food services .......... Arts, entertainment, and recreation........... Performing ar ts, 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 industries 1 ................. Private services-producing industries 2 ............. Information-communications-technology producing industries 3 .................................... 2008 2009 2010 2011 2012 100.324 101.486 100.000 100.877 101.962 105.063 108.074 108.366 100.000 103.813 105.327 109.701 118.057 117.645 100.000 105.586 104.428 111.837 102.099 99.220 115.469 96.680 97.038 110.347 97.464 113.623 98.242 98.453 100.000 100.000 100.000 100.000 100.000 103.950 101.513 106.274 99.401 99.394 109.941 104.224 103.799 100.277 100.278 109.143 106.319 121.948 102.762 103.054 93.207 96.167 100.000 99.479 100.262 99.633 97.424 98.610 100.000 101.262 102.338 103.824 97.601 98.859 100.000 101.157 102.658 104.135 95.146 98.231 100.000 104.026 109.107 112.606 100.219 100.487 100.000 98.259 98.138 96.961 97.779 98.622 100.000 101.079 101.964 103.724 95.691 96.924 100.000 100.768 101.113 101.716 98.042 99.027 100.000 101.810 102.349 104.413 98.304 99.154 100.000 101.659 102.138 104.413 95.247 97.687 100.000 103.216 104.313 104.305 94.359 92.676 94.615 95.385 94.227 92.160 95.145 96.427 95.987 96.494 96.713 96.458 95.206 97.162 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.210 102.681 102.136 102.408 101.885 101.566 102.350 103.651 105.464 103.369 103.377 103.145 103.092 104.599 105.628 109.423 105.044 104.500 105.869 104.252 106.168 92.953 95.781 100.000 99.854 99.546 102.785 95.563 97.609 100.000 99.686 99.784 102.140 94.588 97.571 100.000 100.551 100.800 102.989 96.769 92.044 99.670 88.995 91.579 94.428 95.961 96.956 86.722 93.722 94.411 84.484 97.655 95.138 101.966 92.419 95.242 97.460 98.228 99.329 88.123 97.101 98.019 85.151 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 98.612 99.914 99.081 100.238 102.592 102.786 103.053 103.098 102.574 102.657 102.866 99.938 98.531 99.459 100.286 99.122 104.723 104.467 104.942 105.161 102.424 104.238 104.502 100.834 101.086 103.019 103.446 102.841 107.224 105.681 105.534 105.770 102.754 105.755 105.881 103.939 100.931 104.782 100.000 102.379 108.536 110.477 96.584 98.168 100.000 101.029 102.290 104.589 104.736 101.391 100.000 98.199 97.083 96.510 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. SURVEY OF CURRENT BUSINESS February 2014 25 Table 5A. Percent Changes in Chain-Type Price Indexes for Value Added by Industry, 2007–2012 Line 2007 2008 2009 2010 1 Gross domestic product ......................................... 2.7 2 Private industries ............................................................ 2.8 3 Agriculture, forestry, fishing, and hunting................ 28.0 4 Farms ........................................................................ 35.9 5 Forestry, fishing, and related activities ...................... 3.2 6 Mining........................................................................... 7.8 7 Oil and gas extraction................................................ 7.9 8 Mining, except oil and gas......................................... 9.8 9 Support activities for mining ...................................... 4.9 10 Utilities ......................................................................... 1.0 11 Construction ................................................................ 6.3 12 Manufacturing ............................................................. –0.5 13 Durable goods ........................................................... –1.8 14 Wood products ...................................................... –12.7 15 Nonmetallic mineral products ................................ –0.5 16 Primary metals ...................................................... 5.7 17 Fabricated metal products..................................... 2.4 18 Machinery ............................................................. 1.7 19 Computer and electronic products ........................ –10.0 20 Electrical equipment, appliances, and components ...................................................... 4.2 21 Motor vehicles, bodies and trailers, and parts....... –2.7 22 Other transportation equipment ............................ 0.8 23 Furniture and related products .............................. 3.3 24 Miscellaneous manufacturing................................ 0.7 25 Nondurable goods ..................................................... 1.1 26 Food and beverage and tobacco products ............ –1.0 27 Textile mills and textile product mills...................... –2.5 28 Apparel and leather and allied products................ –2.0 29 Paper products ...................................................... 2.2 30 Printing and related support activities ................... –1.0 31 Petroleum and coal products................................. 8.7 32 Chemical products ................................................ 0.2 33 Plastics and rubber products ................................ –2.9 34 Wholesale trade........................................................... 2.1 35 Retail trade................................................................... 2.8 36 Motor vehicle and parts dealers ................................ 0.7 37 Food and beverage stores......................................... 2.9 38 General merchandise stores ..................................... –0.1 39 Other retail ................................................................ 4.3 40 Transportation and warehousing............................... 1.8 41 Air transportation....................................................... –1.2 42 Rail transpor tation ..................................................... 2.0 43 Water transpor tation.................................................. –14.8 44 Truck transportation................................................... 1.4 45 Transit and ground passenger transpor tation............ 1.2 46 Pipeline transportation .............................................. 2.3 47 Other transportation and support activities ............... 5.4 48 Warehousing and storage ......................................... 6.5 49 Information................................................................... –1.4 50 Publishing industries, except Internet (includes software) ............................................................... 0.2 51 Motion picture and sound recording industries ......... 1.1 52 Broadcasting and telecommunications ..................... –2.2 53 Data processing, Internet publishing, and other information services .............................................. –3.3 1.9 2.2 2.1 1.2 5.6 26.3 36.1 13.2 2.5 0.2 –0.1 1.5 –2.4 –5.5 –4.9 1.1 4.4 –0.2 –8.3 0.8 0.4 –21.2 –25.0 –3.3 –36.6 –49.7 9.0 –8.7 13.1 1.5 3.1 3.1 –3.1 7.1 –39.7 16.2 11.8 –2.8 1.2 1.3 14.2 16.4 5.8 21.6 31.9 10.4 –2.0 –2.5 –1.8 –0.3 –2.1 3.4 –3.2 25.7 –7.0 –4.5 –2.7 2011 2012 Line 2.0 1.7 2.3 2.1 28.5 1.4 34.8 1.7 2.8 0.2 11.8 –8.0 15.8 –12.9 5.3 0.8 5.2 1.4 0.9 –3.4 1.3 2.3 4.4 3.9 –1.3 1.7 –8.6 6.5 –3.3 4.8 16.6 –13.0 –0.6 5.2 –1.1 4.6 –3.6 –1.2 54 55 56 3.0 9.3 –6.6 16.8 0.3 5.8 0.0 12.5 –1.3 4.1 6.5 3.1 16.2 12.2 1.4 7.2 –1.5 0.9 4.6 9.9 –3.6 1.3 –5.8 –24.4 11.1 9.3 1.6 9.9 3.2 7.5 1.8 1.2 –2.5 1.9 6.9 3.7 3.5 –3.7 1.5 1.9 3.2 2.7 3.1 5.1 11.1 2.3 –2.8 –17.5 2.4 3.0 3.7 12.0 –5.6 22.0 3.5 0.4 3.9 1.6 –0.9 0.2 –2.7 –1.3 5.9 –6.9 –6.2 4.4 –0.2 0.7 2.3 –4.4 0.0 3.5 –0.8 0.0 1.8 1.6 10.9 6.3 –7.7 1.9 9.6 –0.1 12.5 –2.8 –2.9 1.2 1.7 3.4 0.0 0.1 –2.4 –4.3 –0.8 31.9 48.1 8.6 –0.3 8.6 5.7 –3.1 3.4 5.5 2.3 3.1 3.2 0.9 1.7 2.4 3.7 1.7 –1.5 –3.9 5.9 5.4 9.6 0.7 9.5 –1.1 0.6 0.8 0.9 1.5 4.2 3.0 5.6 12.5 1.8 5.1 7.8 14.2 –16.6 –10.9 –5.4 –0.9 3.4 2.5 1.9 4.8 7.8 3.2 3.6 5.1 5.6 4.3 –3.3 –4.7 –4.5 –0.7 0.2 0.4 1.2 1.3 –2.4 1.7 0.1 –0.7 –1.2 –0.1 –0.5 0.4 1.1 0.1 0.1 –0.4 1.1 –0.9 1.4 –1.4 –1.3 –1.2 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 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................................................................ Nursing and residential care facilities .................... Social assistance................................................... Arts, entertainment, recreation, accommodation, and food services .................................................... Arts, entertainment, and recreation....................... Performing ar ts, 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 industries 1 ............................. Private services-producing industries 2 ......................... Information-communications-technology-producing industries 3 ................................................................. 2007 2008 2009 2010 2011 2012 2.0 1.9 1.2 0.3 –1.5 –7.7 0.9 3.8 1.1 1.5 3.0 4.2 –0.3 –15.0 8.1 –9.4 –1.8 2.6 –1.6 –12.0 1.6 1.8 1.5 1.6 5.6 4.0 1.5 6.3 –0.6 –0.6 –1.1 5.8 2.7 –2.3 0.9 0.9 7.1 –0.7 2.0 17.5 2.5 2.8 1.0 9.1 –0.1 –4.7 2.1 2.1 2.3 5.0 3.8 5.4 0.6 3.2 1.2 1.3 3.2 0.3 4.0 1.4 1.2 1.8 –0.5 –0.5 1.3 1.2 4.0 –1.7 0.8 1.1 1.5 4.9 –0.1 –0.6 1.5 1.4 3.2 –1.2 4.1 11.7 3.8 4.0 2.3 0.9 1.3 1.0 0.9 2.6 1.4 3.2 1.0 0.9 2.4 1.1 0.8 1.8 1.7 3.2 0.9 0.3 0.5 0.5 1.1 1.7 0.6 2.0 2.2 0.0 4.1 4.5 4.1 4.6 3.2 4.8 3.5 2.2 3.6 2.0 1.4 2.4 3.3 2.1 3.7 4.2 3.6 3.4 3.7 5.0 2.9 2.2 2.7 2.1 2.4 1.9 1.6 2.4 1.4 2.7 1.2 0.9 1.2 1.5 2.2 1.9 3.8 1.6 1.1 2.6 1.1 1.5 4.2 3.9 3.0 2.1 4.4 2.4 –0.1 –0.3 –0.3 0.1 3.3 2.4 4.5 3.2 4.3 5.2 3.9 4.0 4.1 3.8 3.7 4.1 4.3 4.4 2.8 3.2 0.9 3.4 2.3 3.8 4.0 3.2 2.4 2.4 1.6 3.6 3.8 0.8 2.5 2.4 5.1 –1.9 8.2 5.0 2.6 1.8 0.7 13.5 3.0 2.0 17.4 0.6 –1.4 –0.1 –0.9 0.2 2.6 2.8 3.1 3.1 2.6 2.7 2.9 –0.1 0.2 –0.1 –0.5 1.2 –1.1 2.1 1.6 1.8 2.0 –0.1 1.5 1.6 0.9 2.2 2.6 3.6 3.2 3.8 2.4 1.2 0.6 0.6 0.3 1.5 1.3 3.1 3.0 2.7 3.8 1.6 –4.6 1.9 2.4 1.0 6.0 1.2 1.8 2.2 –3.9 –3.2 –1.4 –1.8 –1.1 –0.6 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. 26 Industry Economic Accounts February 2014 Table 6. Contributions to Percent Change in Real Gross Domestic Product by Industry, 2007–2012 Line 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 2007 Percent change: Gross domestic product ...................................... Percentage points: Private industries ......................................................... Agriculture, forestry, fishing, and hunting ............. Farms ..................................................................... Forestry, fishing, and related activities ................... Mining........................................................................ Oil and gas extraction............................................. Mining, except oil and gas ...................................... Support activities for mining ................................... Utilities ...................................................................... Construction ............................................................. Manufacturing........................................................... Durable goods ........................................................ Wood products ................................................... Nonmetallic mineral products ............................. Primary metals ................................................... Fabricated metal products .................................. Machinery .......................................................... Computer and electronic products ..................... Electrical equipment, appliances, and components.................................................... Motor vehicles, bodies and trailers, and parts .... Other transportation equipment ......................... Furniture and related products ........................... Miscellaneous manufacturing ............................. Nondurable goods .................................................. Food and beverage and tobacco products ......... Textile mills and textile product mills................... Apparel and leather and allied products............. Paper products ................................................... Printing and related support activities ................ Petroleum and coal products.............................. Chemical products ............................................. Plastics and rubber products.............................. Wholesale trade ........................................................ Retail trade ................................................................ Motor vehicle and parts dealers ............................. Food and beverage stores ...................................... General merchandise stores .................................. Other retail ............................................................. 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 ...................................... Information................................................................ Publishing industries, except Internet (includes software) ............................................................ Motion picture and sound recording industries ...... Broadcasting and telecommunications................... Data processing, Internet publishing, and other information services ........................................... 2008 2009 2010 2011 2012 Line 54 1.8 –0.3 –2.8 2.5 1.8 2.8 1.32 –0.14 –0.13 –0.01 0.13 0.09 0.01 0.04 0.02 –0.19 0.42 0.31 0.01 0.00 –0.01 0.03 0.04 0.20 –0.87 0.06 0.08 –0.01 0.03 0.01 –0.02 0.04 0.03 –0.42 –0.51 –0.10 –0.02 –0.03 0.01 –0.05 0.00 0.17 –2.78 0.12 0.11 0.00 0.35 0.46 –0.02 –0.09 –0.11 –0.57 –0.97 –1.01 –0.03 –0.06 –0.01 –0.23 –0.19 0.01 2.08 1.65 2.54 0.02 –0.05 0.00 0.01 –0.05 –0.01 0.01 0.00 0.02 –0.13 0.23 0.35 –0.21 0.10 0.28 0.03 0.05 0.01 0.04 0.07 0.06 0.18 0.03 0.03 –0.19 0.00 0.14 0.80 0.09 0.23 0.73 0.40 0.26 0.00 0.01 0.00 0.00 0.01 0.00 –0.01 0.02 0.08 0.08 0.04 0.01 0.08 0.11 0.02 0.18 0.06 0.05 –0.02 –0.04 0.12 –0.02 0.01 0.12 0.01 0.00 –0.01 –0.03 0.01 0.01 0.11 0.01 0.19 –0.18 0.00 –0.05 –0.02 –0.11 –0.04 0.04 0.00 0.03 –0.03 0.00 0.01 –0.07 –0.02 0.45 0.02 –0.18 –0.02 –0.03 0.03 –0.41 –0.16 –0.01 0.00 –0.05 –0.01 0.08 –0.21 –0.06 –0.07 –0.24 –0.11 –0.01 0.04 –0.16 0.00 –0.04 0.01 0.02 –0.04 0.00 0.02 0.02 0.02 0.21 –0.06 –0.36 –0.04 –0.05 0.01 0.04 0.11 –0.03 –0.01 0.02 –0.04 –0.03 0.02 0.00 –0.79 –0.16 –0.17 0.00 0.11 –0.10 –0.23 –0.02 –0.03 0.02 –0.09 –0.02 –0.03 –0.05 0.00 –0.18 0.01 0.36 –0.01 0.00 0.03 0.07 0.04 0.00 0.01 –0.04 0.00 –0.13 0.15 0.03 0.18 0.13 0.17 0.04 –0.11 0.03 0.16 0.04 0.01 –0.02 0.07 0.00 0.02 0.02 0.01 0.19 0.00 0.16 0.00 0.00 –0.01 –0.31 –0.10 –0.01 0.00 –0.01 0.01 –0.10 –0.10 0.00 0.09 0.07 0.02 –0.03 0.01 0.07 0.10 0.00 0.01 0.01 0.04 0.00 0.02 0.01 0.01 0.10 0.00 0.02 0.06 0.00 0.01 –0.03 –0.05 0.01 0.00 0.00 –0.01 –0.05 0.07 0.00 0.15 0.08 0.17 –0.05 –0.09 0.04 0.03 –0.05 –0.01 0.01 0.02 0.00 0.00 0.01 0.03 0.21 0.20 –0.04 –0.10 0.06 0.06 0.04 0.05 0.11 0.29 0.17 –0.09 –0.01 0.02 0.02 0.05 0.04 0.04 0.07 0.02 0.06 –0.10 0.05 –0.04 0.03 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. 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 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 ............................................................. Nursing and residential care facilities.................. Social assistance ................................................ Arts, entertainment, recreation, accommodation, and food services.................................................. Arts, entertainment, and recreation .................... Performing ar ts, 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 industries 1 .......................... Private services-producing industries 2 ...................... Information-communications-technology-producing industries 3 .............................................................. 2007 2008 0.35 –0.20 –0.72 –0.92 2009 2010 2011 0.75 0.93 0.32 –0.02 0.21 –0.05 2012 0.43 0.15 –0.15 0.00 0.33 –0.09 0.00 0.00 –0.30 0.21 0.04 0.55 0.61 –0.63 –0.32 0.03 0.20 0.15 0.55 0.06 –0.01 –0.18 –0.04 0.03 0.01 0.02 0.34 0.36 –0.08 0.03 0.00 0.26 0.24 0.02 0.17 –0.04 0.28 0.21 –0.06 0.27 0.21 0.01 0.12 0.05 0.51 0.49 0.11 0.07 –0.14 –0.79 –0.44 –0.19 0.03 –0.01 0.31 0.06 –0.11 0.09 0.02 0.52 0.29 0.02 0.11 0.07 0.54 0.29 0.00 0.16 0.07 –0.05 0.32 –0.01 –0.27 –0.15 0.08 0.13 0.16 0.09 0.13 0.15 0.11 0.09 0.02 0.03 0.03 0.00 –0.19 –0.19 0.00 0.12 0.08 0.05 0.14 0.15 –0.01 0.11 0.10 0.01 0.07 0.02 0.05 0.00 0.05 0.00 0.01 0.40 0.04 0.36 0.18 0.12 0.03 0.03 0.17 0.05 0.12 0.04 0.08 0.00 0.00 0.04 0.01 0.02 0.04 –0.03 0.01 0.00 0.12 0.00 0.12 0.09 0.04 0.00 –0.02 0.20 0.01 0.19 0.12 0.04 0.01 0.01 0.01 0.02 –0.09 0.00 –0.24 –0.03 0.13 0.04 0.16 0.04 0.10 0.02 –0.01 0.00 –0.01 0.00 0.02 0.02 0.03 –0.01 0.02 –0.03 –0.06 0.14 0.04 0.05 –0.02 0.10 0.12 –0.02 –0.01 –0.08 –0.03 –0.06 –0.08 0.24 0.11 0.14 –0.03 0.13 0.11 0.02 –0.02 –0.21 –0.09 –0.12 –0.12 0.07 0.13 0.20 –0.07 –0.05 0.03 –0.09 0.04 0.09 0.03 0.05 –0.04 0.10 0.11 0.14 –0.03 –0.02 –0.06 0.05 0.02 0.12 0.05 0.07 –0.01 –0.05 0.01 0.04 –0.04 –0.06 –0.09 0.03 0.01 0.07 0.01 0.07 0.04 –0.02 –0.05 0.00 –0.04 0.02 0.00 0.02 0.23 1.09 –0.83 –0.04 –1.07 –1.70 0.49 1.59 0.27 1.38 0.73 1.81 0.60 0.40 –0.14 0.26 0.27 0.41 control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. NOTE. Percentage-point contributions do not sum to the percent change in real gross domestic product because the contribution of the “Not allocated by industry” line is excluded. SURVEY OF CURRENT BUSINESS February 2014 27 Table 7. Contributions to Percent Change in the Chain-Type Price Index for Gross Domestic Product by Industry, 2007–2012 Line 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 2007 Percent change: Gross domestic product................................... Percentage points: Private industries ...................................................... Agriculture, forestry, fishing, and hunting.......... Farms .................................................................. Forestry, fishing, and related activities ................ Mining..................................................................... Oil and gas extraction.......................................... Mining, except oil and gas................................... Support activities for mining ................................ Utilities ................................................................... Construction .......................................................... Manufacturing ....................................................... Durable goods ..................................................... Wood products ................................................ Nonmetallic mineral products .......................... Primary metals ................................................ Fabricated metal products............................... Machinery ....................................................... Computer and electronic products .................. Electrical equipment, appliances, and components ................................................ Motor vehicles, bodies and trailers, and parts Other transportation equipment ...................... Furniture and related products ........................ Miscellaneous manufacturing.......................... Nondurable goods ............................................... Food and beverage and tobacco products ...... Textile mills and textile product mills................ Apparel and leather and allied products.......... Paper products ................................................ Printing and related suppor t activities ............. Petroleum and coal products........................... Chemical products .......................................... Plastics and rubber products .......................... Wholesale trade..................................................... Retail trade............................................................. Motor vehicle and parts dealers .......................... Food and beverage stores................................... General merchandise stores ............................... Other retail .......................................................... Transportation and warehousing......................... Air transportation................................................. Rail transportation ............................................... Water transportation............................................ Truck transportation............................................. Transit and ground passenger transpor tation...... Pipeline transportation ........................................ Other transportation and support activities ......... Warehousing and storage ................................... Information............................................................. Publishing industries, except Internet (includes software) ......................................................... Motion picture and sound recording industries ... Broadcasting and telecommunications ............... Data processing, Internet publishing, and other information services ........................................ 2008 2009 2010 2011 2012 Line 54 2.7 1.9 0.8 1.2 2.0 1.7 2.45 0.24 0.23 0.01 0.16 0.10 0.04 0.02 0.02 0.31 –0.07 –0.13 –0.03 0.00 0.02 0.02 0.01 –0.17 1.87 0.02 0.01 0.01 0.58 0.52 0.05 0.01 0.00 –0.01 0.19 –0.17 –0.01 –0.02 0.01 0.04 0.00 –0.14 0.31 –0.24 –0.23 –0.01 –1.12 –1.13 0.04 –0.03 0.21 0.06 0.37 0.20 0.00 0.02 –0.18 0.13 0.09 –0.05 1.14 0.14 0.12 0.01 0.42 0.38 0.05 –0.01 –0.05 –0.07 –0.04 –0.13 0.00 –0.01 0.07 –0.06 –0.04 –0.04 1.98 0.30 0.29 0.01 0.27 0.23 0.03 0.02 0.02 0.05 0.53 –0.08 –0.01 –0.01 0.06 0.00 –0.01 –0.06 1.85 0.02 0.02 0.00 –0.22 –0.23 0.00 0.01 –0.06 0.08 0.48 0.11 0.01 0.01 –0.06 0.04 0.04 –0.02 0.02 –0.03 0.01 0.01 0.00 0.06 –0.01 0.00 0.00 0.01 0.00 0.09 0.00 –0.01 0.13 0.18 0.01 0.03 0.00 0.14 0.05 –0.01 0.00 –0.02 0.01 0.00 0.00 0.03 0.02 –0.07 0.01 –0.05 0.00 0.00 –0.01 0.36 0.21 0.00 0.00 0.02 –0.01 –0.06 0.20 0.01 0.19 0.11 –0.03 0.06 0.03 0.05 0.09 0.01 0.03 0.00 0.02 0.01 –0.01 0.02 0.01 –0.05 0.03 0.07 0.04 0.02 0.02 0.17 0.17 0.01 0.00 0.04 0.00 –0.26 0.18 0.04 0.43 0.07 0.02 0.03 –0.04 0.06 0.08 0.02 0.01 –0.02 0.02 0.02 0.02 0.00 0.01 0.01 –0.01 –0.03 0.00 –0.01 0.00 0.09 –0.13 0.00 0.00 0.01 –0.01 0.24 –0.01 –0.01 0.13 0.05 0.03 –0.04 0.09 –0.03 0.02 0.01 0.00 0.01 –0.04 0.00 0.01 0.03 –0.01 –0.03 0.00 –0.04 0.01 0.00 0.00 0.61 0.03 0.01 0.00 0.00 –0.01 0.39 0.18 0.01 0.18 0.10 0.02 0.05 0.01 0.02 0.04 0.03 0.01 –0.02 –0.01 0.00 0.00 0.04 –0.01 0.01 0.02 0.03 0.02 0.01 0.01 0.37 0.13 0.00 0.00 0.00 0.00 0.09 0.12 0.02 0.19 0.14 –0.02 0.05 0.08 0.02 0.12 0.06 0.02 –0.01 0.03 0.01 0.01 0.03 –0.01 0.02 0.00 0.01 –0.06 0.02 0.01 –0.06 0.02 0.00 –0.02 –0.01 0.00 –0.01 0.00 0.01 0.00 0.00 0.00 0.03 –0.02 0.00 0.01 –0.01 –0.01 –0.01 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. 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 2007 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............................................................ Nursing and residential care facilities ................ Social assistance............................................... Arts, entertainment, recreation, accommodation, and food services ................................................ Arts, entertainment, and recreation................... Performing ar ts, 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 industries 1......................... Private services-producing industries 2 ..................... Information-communications-technology-producing industries 3 ............................................................. 2008 2009 2010 2011 0.41 0.14 0.23 0.02 –0.29 –0.52 0.17 0.25 0.21 0.10 2012 0.59 0.27 0.03 –0.01 –0.46 0.15 –0.03 0.18 0.12 0.00 –0.01 0.27 0.24 0.08 –0.04 0.00 0.21 0.17 –0.08 0.06 –0.04 0.23 0.19 0.05 0.04 0.02 –0.08 –0.07 0.07 0.06 –0.01 0.11 0.11 –0.01 0.05 0.05 0.32 0.33 0.03 0.56 0.25 0.08 0.01 0.04 0.14 0.09 0.05 0.00 0.05 0.16 0.08 0.03 –0.01 –0.01 0.15 0.08 0.06 –0.02 0.01 0.12 0.10 0.07 0.00 –0.01 0.17 0.10 0.04 –0.02 0.16 0.20 0.04 0.02 0.06 0.05 0.05 0.01 0.04 0.01 0.07 0.01 0.11 0.11 0.01 0.03 0.02 0.01 0.03 0.02 0.01 0.05 0.04 0.01 0.02 0.01 0.00 0.06 0.06 0.00 0.30 0.04 0.26 0.14 0.06 0.04 0.02 0.17 0.04 0.13 0.04 0.05 0.02 0.01 0.30 0.04 0.25 0.11 0.08 0.04 0.02 0.18 0.03 0.15 0.08 0.04 0.01 0.01 0.12 0.03 0.09 0.03 0.03 0.01 0.01 0.16 0.04 0.12 0.04 0.06 0.01 0.01 0.15 0.04 0.11 0.02 0.16 0.02 –0.01 0.00 –0.01 0.00 0.12 0.02 0.02 0.02 0.01 0.00 0.00 0.01 0.01 0.12 0.04 0.07 0.09 0.54 0.16 0.14 0.02 0.38 0.36 0.02 0.00 0.09 0.02 0.07 0.09 0.43 0.10 0.09 0.01 0.33 0.32 0.01 0.01 0.13 –0.02 0.15 0.11 0.36 0.08 0.03 0.05 0.28 0.18 0.10 –0.01 0.00 –0.01 0.00 0.06 0.40 0.14 0.13 0.01 0.26 0.26 0.00 0.00 –0.01 0.01 –0.02 0.05 0.23 0.09 0.09 0.00 0.15 0.14 0.01 0.01 0.10 0.02 0.07 0.05 0.16 0.03 0.02 0.00 0.13 0.11 0.02 0.64 1.81 0.78 1.08 –0.92 1.23 0.45 0.69 1.15 0.83 0.36 1.49 –0.24 –0.20 –0.08 –0.11 –0.07 –0.04 control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. NOTE. Percentage-point contributions do not sum to the percent change in real gross domestic product because the contribution of the “Not allocated by industry” line is excluded. 28 Industry Economic Accounts February 2014 Table 8. Gross Output by Industry, 2007–2012 [Billions of dollars] Line 1 All industries ....................................... 2 Private industries ........................................ 3 Agriculture, forestry, fishing, and hunting ................................................. 4 Farms .................................................... 5 Forestry, fishing, and related activities 6 Mining....................................................... 7 Oil and gas extraction............................ 8 Mining, except oil and gas ..................... 9 Support activities for mining .................. 10 Utilities ..................................................... 11 Construction ............................................ 12 Manufacturing.......................................... 13 Durable goods ....................................... 14 Wood products .................................. 15 Nonmetallic mineral products ............ 16 Primary metals .................................. 17 Fabricated metal products ................. 18 Machinery ......................................... 19 Computer and electronic products .... 20 Electrical equipment, appliances, and components............................ 21 Motor vehicles, bodies and trailers, and parts ....................................... 22 Other transportation equipment ........ 23 Furniture and related products .......... 24 Miscellaneous manufacturing ............ 25 Nondurable goods ................................. 26 Food and beverage and tobacco products ........................................ 27 Textile mills and textile product mills 28 Apparel and leather and allied products ........................................ 29 Paper products .................................. 30 Printing and related suppor t activities 31 Petroleum and coal products............. 32 Chemical products ............................ 33 Plastics and rubber products............. 34 Wholesale trade ....................................... 35 Retail trade ............................................... 36 Motor vehicle and parts dealers ............ 37 Food and beverage stores..................... 38 General merchandise stores ................. 39 Other retail ............................................ 40 Transportation and warehousing........... 41 Air transportation ................................... 42 Rail transportation ................................. 43 Water transportation .............................. 44 Truck transportation ............................... 45 Transit and ground passenger transportation .................................... 46 Pipeline transportation .......................... 47 Other transpor tation and support activities ............................................ 48 Warehousing and storage ..................... 49 Information............................................... 50 Publishing industries, except Internet (includes software) ............................ 51 Motion picture and sound recording industries ........................................... 52 Broadcasting and telecommunications 53 Data processing, Internet publishing, and other information services ......... 2007 2008 2009 2010 2011 2012 26,157.2 26,825.8 24,655.2 26,097.3 27,526.9 28,693.5 23,210.6 23,689.8 21,423.9 22,757.7 24,147.6 25,260.6 346.9 380.5 341.9 372.8 431.2 445.5 302.5 336.1 301.2 328.2 383.9 396.2 44.5 44.4 40.8 44.5 47.3 49.3 471.4 592.4 380.4 463.3 550.4 572.3 293.6 395.4 223.6 289.7 347.0 352.1 103.6 116.5 104.4 114.7 126.7 130.2 74.2 80.5 52.4 58.9 76.6 90.1 438.2 490.4 389.3 423.5 398.8 378.1 1,329.4 1,266.0 1,090.4 1,008.3 1,004.1 1,065.9 5,355.0 5,454.9 4,465.5 4,988.7 5,573.3 5,800.7 2,736.9 2,662.3 2,118.4 2,366.5 2,588.2 2,773.1 101.1 87.5 64.4 70.3 71.0 76.5 126.7 113.5 88.9 90.7 92.5 96.0 255.5 279.6 166.0 234.1 281.3 300.6 341.1 356.7 280.4 295.0 329.8 344.8 345.2 351.5 284.3 315.8 364.9 394.0 431.1 419.7 353.4 368.7 376.7 380.5 126.6 126.4 101.8 108.3 118.0 121.1 513.4 421.1 320.0 422.7 482.3 531.7 261.3 270.7 250.1 248.1 251.8 300.1 57.6 59.7 63.3 83.0 77.2 59.7 151.9 158.3 149.3 155.2 160.0 164.5 2,618.1 2,792.7 2,347.1 2,622.2 2,985.1 3,027.5 715.6 62.9 773.0 57.2 771.5 46.0 800.1 49.7 865.6 52.5 884.8 52.8 26.7 21.5 17.7 18.6 19.9 20.2 174.1 177.1 160.0 168.7 174.5 172.8 103.9 99.3 83.8 83.5 83.7 82.2 602.0 731.6 479.4 601.7 806.9 810.2 727.7 735.6 622.6 714.8 782.1 794.2 205.3 197.4 166.2 185.1 199.9 210.3 1,269.5 1,311.4 1,092.0 1,253.1 1,354.4 1,413.1 1,320.7 1,280.7 1,222.5 1,327.3 1,374.8 1,478.1 214.2 187.2 153.2 206.6 212.0 249.1 186.9 194.3 191.9 198.9 208.1 217.9 193.9 200.1 208.7 216.6 215.2 223.2 725.6 699.2 668.7 705.3 739.5 787.8 866.9 907.9 773.5 844.8 925.9 965.3 156.0 165.0 136.3 153.6 171.4 172.8 61.9 69.5 55.4 67.0 76.2 79.4 48.3 54.7 49.2 54.0 56.1 56.9 283.2 287.6 233.2 253.4 281.4 299.5 44.8 25.9 45.3 29.4 45.1 24.0 45.5 26.2 48.2 28.0 51.4 28.8 177.8 183.3 159.2 168.7 183.8 193.1 69.0 73.0 71.1 76.3 80.9 83.3 1,208.6 1,240.4 1,202.7 1,252.8 1,305.8 1,377.8 304.4 308.1 286.6 288.2 297.3 303.1 135.7 648.7 132.7 666.9 125.9 657.7 136.1 687.4 134.7 717.5 140.2 757.4 119.8 132.7 132.5 141.2 156.3 177.1 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Line 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 2007 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.............................................. Nursing and residential care facilities Social assistance................................. Arts, entertainment, recreation, accommodation, and food services .... Arts, entertainment, and recreation..... Performing arts, spectator spor ts, 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 industries 1 ........... Private services-producing industries 2 ....... Information-communications-technology producing industries 3 .............................. 2008 2009 2010 2011 2012 4,708.4 4,620.1 4,425.3 4,533.7 4,624.8 4,831.8 2,061.6 1,979.9 1,854.3 1,896.0 1,907.7 1,999.4 689.8 671.3 637.9 667.4 738.0 716.7 503.4 432.7 403.0 418.4 413.3 436.6 703.6 710.4 662.4 699.4 742.1 776.9 116.6 120.1 99.2 106.8 114.4 118.4 2,646.8 2,640.2 2,571.0 2,637.7 2,717.1 2,832.4 2,378.9 2,352.5 2,322.1 2,371.1 2,435.3 2,531.6 267.9 287.8 249.0 266.6 281.8 300.8 2,639.0 2,737.8 2,596.0 2,727.3 2,889.3 3,027.8 1,543.1 1,616.4 1,548.7 1,609.2 1,691.9 1,750.6 288.5 287.7 276.4 280.1 287.9 294.4 249.5 271.5 266.2 289.9 310.0 327.0 1,005.1 1,057.2 1,006.1 1,039.1 1,093.9 1,129.2 431.7 439.3 415.3 447.1 483.7 531.1 664.2 588.6 682.0 602.5 632.0 558.5 671.0 588.6 713.8 628.3 746.1 659.2 75.6 79.6 73.5 82.4 85.5 86.9 1,774.7 1,886.0 1,975.3 2,058.6 2,147.6 2,249.3 227.1 244.4 259.0 279.4 291.7 311.7 1,547.6 1,641.6 1,716.2 1,779.1 1,855.9 1,937.6 710.9 750.9 777.3 805.2 836.8 869.6 531.1 566.5 603.0 623.4 657.2 698.5 171.5 180.7 186.6 194.2 202.2 207.9 134.1 143.4 149.3 156.3 159.7 161.5 948.0 238.9 969.6 246.7 943.1 243.1 964.0 1,013.4 1,075.3 245.2 254.7 268.6 126.2 131.8 132.3 132.2 136.5 144.0 112.7 709.0 196.1 513.0 533.8 2,946.7 934.6 838.6 96.0 2,012.1 1,788.0 224.1 114.8 723.0 197.6 525.3 551.6 3,135.9 1,021.0 922.6 98.4 2,114.9 1,879.7 235.2 110.8 700.0 178.4 521.6 526.0 3,231.3 1,074.2 978.1 96.2 2,157.1 1,913.9 243.2 113.0 718.8 178.8 539.9 539.6 3,339.6 1,146.1 1,050.2 95.9 2,193.4 1,942.3 251.1 118.2 758.7 189.5 569.3 553.9 3,379.3 1,154.6 1,058.5 96.1 2,224.7 1,963.1 261.6 124.6 806.8 197.4 609.3 579.6 3,432.9 1,155.6 1,056.0 99.6 2,277.3 1,999.7 277.5 7,502.7 7,693.8 6,278.2 6,833.0 7,558.9 7,884.4 15,707.8 15,996.0 15,145.6 15,924.6 16,588.7 17,376.2 1,444.0 1,491.5 1,419.6 1,494.8 1,571.7 1,663.4 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. SURVEY OF CURRENT BUSINESS February 2014 29 Table 9. Chain-Type Quantity Indexes for Gross Output by Industry, 2007–2012 [2009=100] Line 1 All industries ....................................... 2 Private industries ........................................ 3 Agriculture, forestry, fishing, and hunting ................................................. 4 Farms .................................................... 5 Forestry, fishing, and related activities 6 Mining....................................................... 7 Oil and gas extraction............................ 8 Mining, except oil and gas..................... 9 Support activities for mining .................. 10 Utilities ..................................................... 11 Construction ............................................ 12 Manufacturing ......................................... 13 Durable goods ....................................... 14 Wood products .................................. Nonmetallic mineral products ............ 15 Primary metals .................................. 16 Fabricated metal products................. 17 Machinery ......................................... 18 Computer and electronic products .... 19 Electrical equipment, appliances, 20 and components ........................... Motor vehicles, bodies and trailers, 21 and parts ....................................... 22 Other transportation equipment ........ 23 Furniture and related products .......... 24 Miscellaneous manufacturing............ 25 Nondurable goods ................................. 26 Food and beverage and tobacco products ........................................ Textile mills and textile product mills 27 Apparel and leather and allied 28 products ........................................ Paper products .................................. 29 30 Printing and related support activities 31 Petroleum and coal products............. 32 Chemical products ............................ 33 Plastics and rubber products ............ 34 Wholesale trade....................................... 35 Retail trade............................................... 36 Motor vehicle and parts dealers ............ 37 Food and beverage stores..................... 38 General merchandise stores ................. 39 Other retail ............................................ 40 Transportation and warehousing........... 41 Air transportation................................... 42 Rail transpor tation ................................. 43 Water transportation.............................. 44 Truck transportation............................... 45 Transit and ground passenger transportation .................................... Pipeline transpor tation .......................... 46 Other transportation and support 47 activities ............................................ Warehousing and storage ..................... 48 49 Information............................................... 50 Publishing industries, except Internet (includes software) ............................ 51 Motion picture and sound recording industries........................................... 52 Broadcasting and telecommunications 53 Data processing, Internet publishing, and other information services .......... 2007 2008 2009 2010 2011 2012 108.279 106.397 100.000 102.959 104.776 107.536 110.204 107.791 100.000 103.377 105.722 108.854 98.435 96.995 109.644 103.280 94.205 115.091 136.301 113.579 124.625 120.816 130.754 148.850 148.149 133.958 130.919 129.540 114.491 97.113 96.410 102.522 105.852 97.054 114.660 142.255 117.785 115.264 114.162 123.695 128.731 130.007 135.545 127.322 126.640 115.872 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 101.252 101.114 102.277 102.837 101.564 101.044 113.104 106.304 92.444 105.562 109.830 103.198 102.478 122.485 104.590 110.757 105.850 97.128 96.299 103.737 110.537 107.227 105.373 139.711 98.522 89.380 108.899 117.199 104.303 103.382 131.861 113.082 124.896 110.036 96.356 95.026 107.447 123.226 122.653 106.969 161.540 97.859 92.680 111.948 124.604 109.090 104.686 147.664 116.565 131.881 112.153 130.912 125.008 100.000 103.896 109.985 110.707 165.931 109.068 147.342 105.394 112.334 133.396 109.970 132.575 107.120 106.026 100.000 131.295 147.851 159.923 100.000 98.161 97.661 114.356 100.000 96.215 97.776 101.135 100.000 102.571 103.143 104.791 100.000 101.868 101.991 101.754 99.534 98.396 100.000 99.693 99.182 97.201 142.691 125.595 100.000 105.593 102.620 103.301 152.851 116.203 125.619 104.942 124.075 131.194 125.897 111.032 139.509 105.408 93.600 111.624 114.794 115.837 118.399 91.949 123.556 122.195 110.766 118.157 100.957 112.286 118.094 125.928 105.173 123.557 103.179 93.219 105.338 112.284 111.222 119.313 96.199 117.793 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 104.526 101.490 99.554 97.286 106.786 108.354 112.181 107.324 130.487 105.948 97.120 105.623 105.013 104.896 115.450 100.775 106.811 108.911 101.399 98.410 99.596 105.352 110.137 117.812 109.226 131.651 105.699 95.592 109.459 108.835 106.525 121.493 102.002 112.175 108.363 100.145 96.504 98.555 107.721 112.900 119.678 114.953 155.665 106.315 93.043 115.195 110.197 102.011 121.293 105.272 115.507 108.682 104.735 100.000 96.687 97.414 100.753 112.912 121.199 100.000 101.240 103.631 104.794 114.958 112.566 100.000 101.409 104.181 105.804 101.558 103.314 100.000 109.055 117.680 123.787 100.893 103.179 100.000 104.266 108.095 113.208 108.722 108.157 100.000 101.251 103.672 105.427 109.814 105.491 100.000 107.771 105.520 109.886 97.692 101.087 100.000 104.418 108.559 113.229 91.540 100.638 100.000 106.676 117.829 133.134 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Line 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 2007 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.............................................. Nursing and residential care facilities Social assistance................................. Arts, entertainment, recreation, accommodation, and food services .... Arts, entertainment, and recreation .... Performing ar ts, 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 industries 1 ........... Private services-producing industries 2 ....... Information-communications-technology producing industries 3.............................. 2008 2009 2010 2011 2012 106.358 102.617 100.000 101.196 101.930 103.981 107.241 101.662 100.000 99.291 98.490 100.393 97.127 93.357 100.000 93.123 123.927 102.553 100.000 101.086 88.347 87.696 96.574 101.449 107.716 108.694 100.000 104.094 108.713 112.412 109.264 112.119 100.000 103.362 109.902 106.088 105.662 103.329 100.000 102.591 104.466 106.627 104.929 101.859 100.000 102.193 103.792 105.445 112.435 117.068 100.000 106.285 110.708 117.596 104.228 106.084 100.000 103.588 108.145 111.661 102.023 104.916 100.000 102.585 106.059 108.119 109.042 105.537 100.000 97.997 96.970 96.421 94.185 101.361 100.000 109.617 116.829 123.677 102.217 105.692 100.000 102.015 105.801 107.395 107.388 107.305 100.000 106.477 114.104 124.228 107.566 108.145 100.000 104.148 109.348 112.145 107.566 108.071 100.000 103.581 109.302 112.374 107.555 108.710 100.000 108.415 109.749 110.510 94.250 92.697 94.485 95.512 92.492 97.552 93.378 97.521 96.244 97.714 98.754 95.951 99.394 97.326 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.119 105.455 101.615 101.419 101.402 102.319 102.609 104.585 107.166 104.196 103.876 104.971 104.438 102.437 107.741 111.265 107.207 106.714 109.508 106.050 101.945 106.545 104.863 100.000 101.310 105.010 108.545 102.254 102.655 100.000 100.248 103.173 106.505 100.225 101.296 100.000 104.655 108.052 111.826 106.723 107.820 95.300 90.053 88.277 108.820 97.921 98.090 96.597 104.269 105.634 109.022 104.444 107.487 97.027 95.228 94.035 107.718 97.921 98.169 95.981 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 98.908 101.320 104.747 101.854 101.678 100.155 102.196 100.416 100.191 103.637 104.333 96.573 98.477 98.316 99.746 105.394 105.646 103.937 106.227 100.881 98.507 101.549 102.219 94.752 96.993 96.554 100.436 108.615 109.250 105.482 110.531 103.462 98.786 100.731 101.095 97.044 97.814 96.853 105.334 118.816 112.729 100.000 102.930 105.100 108.588 106.459 105.659 100.000 103.567 105.992 108.959 99.524 103.987 100.000 106.082 111.767 118.191 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. 30 Industry Economic Accounts February 2014 Table 10. Chain-Type Price Indexes for Gross Output by Industry, 2007–2012 [2009=100] Line 1 All industries ....................................... 2 Private industries ........................................ 3 Agriculture, forestry, fishing, and hunting ................................................. 4 Farms .................................................... 5 Forestry, fishing, and related activities 6 Mining....................................................... 7 Oil and gas extraction............................ 8 Mining, except oil and gas ..................... 9 Support activities for mining .................. 10 Utilities ..................................................... 11 Construction ............................................ 12 Manufacturing.......................................... 13 Durable goods ....................................... 14 Wood products .................................. 15 Nonmetallic mineral products ............ 16 Primary metals .................................. 17 Fabricated metal products ................. 18 Machinery ......................................... 19 Computer and electronic products .... 20 Electrical equipment, appliances, and components............................ 21 Motor vehicles, bodies and trailers, and parts ....................................... 22 Other transportation equipment ........ 23 Furniture and related products .......... 24 Miscellaneous manufacturing ............ 25 Nondurable goods ................................. 26 Food and beverage and tobacco products ........................................ 27 Textile mills and textile product mills 28 Apparel and leather and allied products ........................................ 29 Paper products .................................. 30 Printing and related suppor t activities 31 Petroleum and coal products............. 32 Chemical products ............................ 33 Plastics and rubber products............. 34 Wholesale trade ....................................... 35 Retail trade ............................................... 36 Motor vehicle and parts dealers ............ 37 Food and beverage stores ..................... 38 General merchandise stores ................. 39 Other retail ............................................ 40 Transportation and warehousing........... 41 Air transportation ................................... 42 Rail transportation ................................. 43 Water transportation .............................. 44 Truck transportation ............................... 45 Transit and ground passenger transportation .................................... 46 Pipeline transpor tation .......................... 47 Other transpor tation and support activities ............................................ 48 Warehousing and storage ..................... 49 Information............................................... 50 Publishing industries, except Internet (includes software) ............................ 51 Motion picture and sound recording industries ........................................... 52 Broadcasting and telecommunications 53 Data processing, Internet publishing, and other information services .......... 2007 2008 2009 2010 2011 2012 97.980 102.262 100.000 102.807 106.558 108.224 98.308 102.584 100.000 102.756 106.613 108.318 103.080 103.547 99.494 119.998 139.376 86.244 103.917 99.122 97.832 99.257 98.808 105.471 96.171 114.929 92.911 93.742 106.554 94.936 114.602 115.751 106.373 147.111 182.149 97.353 108.007 106.962 100.734 107.003 101.600 105.563 98.138 124.253 99.926 97.648 102.479 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 107.668 107.789 106.777 118.437 127.529 108.818 99.381 102.333 100.033 105.829 101.713 105.833 99.475 115.161 100.590 100.307 98.560 129.832 132.361 111.874 130.889 144.717 115.255 104.615 103.988 103.026 114.609 104.247 105.784 100.605 128.509 104.024 102.783 96.868 135.223 138.434 112.647 122.090 128.356 116.589 106.404 99.271 105.476 116.035 105.059 108.900 103.098 122.645 105.507 105.081 96.007 99.310 100.000 102.350 105.385 107.396 96.696 98.657 95.783 98.428 94.245 97.450 96.493 98.995 99.298 112.219 100.000 100.000 100.000 100.000 100.000 100.596 101.057 100.135 101.365 109.671 101.931 103.105 102.275 103.902 124.699 103.893 104.943 104.725 105.154 126.765 93.185 101.829 100.000 104.024 113.120 117.987 95.921 99.104 100.000 102.348 111.200 111.137 98.518 93.617 98.733 119.678 94.193 94.156 92.338 97.298 100.206 92.433 99.267 97.211 97.639 98.784 94.436 106.796 98.275 99.394 99.899 100.293 151.176 105.213 100.600 95.368 99.607 98.862 98.133 102.852 99.255 104.536 108.833 105.210 115.601 104.698 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.432 103.903 100.138 129.022 107.512 102.783 102.290 101.161 103.309 97.825 106.844 99.856 104.012 107.419 104.773 108.882 101.751 103.254 107.563 101.553 169.017 119.229 109.232 105.275 102.956 105.104 102.620 107.859 101.022 109.992 118.053 113.312 111.700 107.563 105.190 107.831 101.694 171.502 118.411 112.116 108.125 105.178 104.428 106.838 114.967 102.270 113.246 124.225 118.209 109.825 111.184 91.332 95.882 100.000 104.309 109.483 113.063 95.651 101.139 100.000 108.081 112.648 114.770 97.170 102.290 100.000 104.520 110.818 114.686 95.649 99.461 100.000 98.491 96.741 94.695 99.601 99.957 100.000 99.910 100.446 101.195 97.702 99.410 100.000 99.334 100.073 100.313 98.114 99.875 100.000 100.257 101.355 101.338 100.960 100.305 100.000 100.091 100.489 101.702 98.784 99.535 100.000 99.904 100.174 100.426 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. Line 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 2007 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 suppor t 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 .............................................. Nursing and residential care facilities Social assistance ................................. Arts, entertainment, recreation, accommodation, and food services..... Arts, entertainment, and recreation ..... Performing ar ts, spectator spor ts, 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 industries 1 ........... Private services-producing industries 2........ Information-communications-technology producing industries 3 .............................. 2008 2009 2010 2011 2012 100.036 101.739 100.000 101.237 102.528 105.004 103.670 105.027 100.000 102.976 104.456 107.403 110.147 111.296 100.000 104.512 104.675 110.335 100.810 104.699 100.000 102.704 106.207 106.809 98.614 98.665 100.000 101.442 103.058 104.345 107.578 108.047 100.000 104.201 104.926 112.533 97.431 99.383 100.000 100.003 101.163 103.318 97.634 99.460 100.000 99.922 101.044 103.392 95.715 97.534 98.733 100.000 100.743 102.236 102.747 99.412 100.000 101.418 102.916 104.453 97.663 95.723 99.479 100.000 101.284 103.001 104.545 98.621 100.000 103.410 107.409 110.448 99.527 100.629 100.000 99.368 99.698 99.327 97.730 99.417 100.000 101.237 102.764 104.506 96.799 98.587 100.000 101.102 102.070 102.953 97.706 97.983 99.791 100.000 101.953 103.287 105.269 99.822 100.000 101.762 102.932 105.035 95.611 99.554 100.000 103.372 105.926 106.971 95.327 94.594 95.436 95.747 95.232 94.184 96.197 97.909 98.036 97.890 97.821 97.923 97.440 98.693 94.343 96.115 98.047 100.000 100.897 102.331 105.047 98.851 100.000 100.633 101.541 103.736 95.244 97.127 93.746 98.263 92.160 94.132 95.688 96.609 97.124 91.736 95.258 95.240 95.395 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.054 102.296 102.017 102.137 101.958 101.719 102.005 103.956 105.064 103.783 103.639 103.827 103.759 104.388 105.691 108.154 105.307 104.834 105.791 105.065 106.088 98.413 100.000 101.066 101.833 103.953 99.365 97.772 101.610 96.431 97.568 100.021 99.809 100.315 94.994 100.126 100.046 100.754 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.125 100.987 100.077 101.296 102.165 103.153 102.949 102.917 103.280 103.258 103.223 103.530 101.195 102.601 102.165 102.750 104.384 106.165 105.839 105.871 105.465 106.333 106.231 107.125 103.476 105.494 104.907 105.694 106.512 107.543 106.793 106.802 106.673 107.931 107.879 108.348 100.579 108.710 100.000 105.740 114.557 115.651 97.420 99.958 100.000 101.522 103.336 105.294 102.209 101.039 100.000 99.262 99.060 99.142 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. February 2014 1 Industry Economic Accounts Results of the Comprehensive Revision Revised Statistics for 1997–2012 By Donald D. Kim, Erich H. Strassner, and David B. Wasshausen O N JANUARY 23, 2014, the Bureau of Economic Analysis released revised statistics on real gross domestic product (GDP) by industry for 1997–2012 that reflect the results of the 2014 comprehensive revi sion of the industry economic accounts (IEAs). These accounts provide statistics on interactions among in dustries and the roles these industries play in the econ omy, including each industry’s contribution to GDP. Comprehensive revisions provide opportunities for the Bureau of Economic Analysis (BEA) to make changes to its economic accounts in order to increase the overall quality and usefulness of the accounts. As a result of this comprehensive revision, for the first time, the annual input-output (I-O) accounts and GDP by industry accounts are fully consistent with both the most recent comprehensive revision of the national in come and product accounts (NIPAs) and the current 2007 benchmark I-O account.1 1. For additional details, see Stephanie H. McCulla, Alyssa E. Holdren, and Shelly Smith, “Improved Estimates of the National Income and Prod uct Accounts: Results of the 2013 Comprehensive Revision,” SURVEY OF CUR RENT BUSINESS 93 (September 2013): 14–45. The revised statistics show that economic growth in 2012 was widespread across industries; 20 of the 22 major industry groups contributed to the 2.8 percent increase in real GDP.2 Among the leading contributors to real GDP growth were professional and business ser vices; finance, insurance, real estate, rental, and leas ing; mining; and manufacturing. In addition, although these statistics incorporate many significant statistical and definitional changes, the revised statistics confirm the broad shifts in the previously published statistics: the downturn in the private goods-producing sector in 2008; the 2009 declines in both private goods-produc ing industries and private services-producing indus tries; and the expansion of the private sector, particularly in information communications technol ogy-producing industries, beginning with 2010 (chart 1). 2. The previously published advance statistics for 2012 were developed from summary source data using an abbreviated methodology. Brian M. Lindberg prepared the tables and the chart for this article. Chart 1. Contributions to Percent Change in Real GDP Percentage points 6 5 4 GDP (revised) 3 2 1 0 –1 Government (revised) Private services-producing sector (revised) Private goods-producing sector (revised) Government (previously published) Private services-producing sector (previously published) Private goods-producing sector (previously published) –2 –3 GDP (previously published) –4 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 NOTE. The yellow-shaded areas mark the beginning and end of recessions as determined by the Business Cycle Dating Committee of the National Bureau of Economic Research. U.S. Bureau of Economic Analysis 2012 2 Industry Economic Accounts The IEAs were compiled within an I-O framework that balances and reconciles industry production and commodity usage. The framework provides informa tion on value added for 69 industries and commodi ties. Comprehensive revisions, which occur approxi mately every 5 years, differ from annual revisions in the scope of improvements and in the number of years subject to revision. The 2014 comprehensive revision introduces three major types of improvements: (1) full consistency with both the 2007 benchmark I-O ac count and the most recent comprehensive revision of the NIPAs, (2) updated definitions and classifications, and (3) statistical changes that reflect the introduction of new and improved methodologies and the incorpo ration of newly available and revised source data. Combined, these improvements enable the accounts to accurately measure and capture the changing structure of the U.S. economy. Major changes introduced with this revision include the following: ● Integration with the 2007 benchmark I-O account and the 2013 comprehensive revision of the NIPAs; ● Updated industry and commodity definitions consis tent with the 2007 North American Industry Classifi cation System (NAICS); ● Capitalization of intellectual property products and other definitional improvements; and ● Incorporation of newly available and revised annual source data. Integration of the benchmark I-O account The 2014 comprehensive revision marks the first time that the benchmark I-O account and NIPAs are fully integrated with one another and with the time series of the annual industry accounts. Future benchmark I-O accounts will be revised to reflect revisions stemming from the NIPAs, and they will be published with the revisions to the time series of the IEAs. Benchmark I-O accounts provide the most compre hensive information available on the production of goods and services by industries and the flow of these goods and services to industries for use in their pro duction processes and to final users in the economy. These accounts, which are primarily based on data from the economic censuses, are used to establish the level of GDP for benchmark years and to provide criti cal information for estimating GDP for periods after benchmark years. Benchmark I-O accounts provide a comprehensive measure of the amount of total gross output by commodity that is sold as final expenditures in the economy. Thus, these accounts provide the basis February 2014 for a more detailed understanding of the NIPAs; the 2007 account was used to establish the level and the commodity composition of GDP by final use category and the level of some income components for 2007 in the 2013 comprehensive revision of the NIPAs. In the past, benchmark I-O accounts have been re leased before the comprehensive revision of the NIPAs and have not been revised to reflect the results of com prehensive NIPA revisions. As a consequence, bench mark I-O accounts have not been fully consistent with the NIPAs or with the annual industry accounts. This has resulted in mixed usefulness of the benchmark I-O accounts. They have provided an accurate and detailed set of interindustry relationships to analyze structural changes, and they have been used to benchmark the NIPAs and annual industry accounts. However, their relevance has been somewhat diminished because they have lacked a time series dimension. Integrating the benchmark I-O account into the time series allows for a higher degree of consistency among the NIPAs, the benchmark I-O accounts, and the annual industry accounts. For example, in using the fully integrated IEAs, data users will be able to track time series trends in a NIPA final expenditure category at a detailed commodity level in benchmark years and at a slightly higher level of commodity aggre gation in nonbenchmark years. Users interested in more detailed statistics on outputs, inputs, and value added at the industry level will be able to crosswalk be tween a time series of benchmark statistics and a slightly higher level of industry aggregation in nonbenchmark years. Changes in definitions As part of the comprehensive revision of the IEAs, sev eral major definitional changes were incorporated into both the IEAs and NIPAs that reflect a highly collabor ative effort by IEA and NIPA staff.3 These changes in clude the following: ● The recognition of research and development (R&D) expenditures as capital; ● The capitalization of entertainment, literary, and other artistic originals; ● The expansion of the capitalization of the ownership transfer costs of residential fixed assets; and ● The use of an improved measure of transactions for defined benefit pension plans. In 2007, the overall revision to value added stem 3. For additional detail on the definitional changes, see Erich H. Strassner and David B. Wasshausen, “Preview of the 2013 Comprehensive Revision of the Industry Economic Accounts,” SURVEY 93 (June 2013): 20–22. SURVEY OF CURRENT BUSINESS February 2014 ming from changes in definition was $488.0 billion. The recognition of R&D as capital accounted for $330.9 billion, just slightly over two-thirds of the total revision from changes in definition (table A). Expendi tures for R&D and for entertainment originals were not previously treated as an investment. As a result of the new treatment of R&D, value added was boosted by the amount of business R&D investment and by the consumption of fixed capital (CFC) associated with R&D investment by nonprofit institutions serving households (NPISHs) and by general government. Gross output was revised up by a smaller amount. Gross output for businesses increased by the amount of their own-account R&D, but it was unaffected by purchases of R&D, which were reclassified from inter mediate expenses to fixed investment. In addition, be cause gross output of NPISHs and of general government is measured as the sum of current operat ing expenses, their gross output was decreased by their purchases of R&D, but it increased by the additional capital services generated by the R&D investment. Un like R&D, all fixed investment in entertainment origi nals is produced on own-account in a few selected private sectors; as a result, both the value added and gross output were revised up $70.4 billion in 2007. The expanded set of ownership costs that are now recognized as residential fixed investment increased value added by $57.0 billion in 2007; gross output was unchanged because these costs were reclassified from intermediate expenses to fixed investment. The incor poration of the new accrual-based treatment of deA. Revisions to Value Added and Gross Output [Billions of dollars] 1997 2002 2007 2012 Value added Total revision...................................................................... Definitional ..................................................................... Capitalization of research and development .............. Capitalization of enter tainment, literary, and artistic originals ...................................................................... Expanded capitalization of ownership transfer costs of residential housing .............................................. Accrual treatment of defined benefit pension plans ... Statistical ....................................................................... 276.1 337.9 451.6 559.8 288.9 385.7 488.0 526.0 207.0 244.4 330.9 396.7 46.1 57.6 70.4 74.3 26.4 46.1 57.0 9.3 37.7 29.7 –12.8 –47.8 –36.4 42.3 12.6 33.8 Gross output Total revision...................................................................... 206.0 303.0 337.6 ......... Definitional ..................................................................... 207.5 265.0 318.4 ......... Capitalization of research and development .............. 152.1 169.7 218.3 ......... Capitalization of enter tainment, literary, and artistic ......... originals .................................................................. 46.1 57.6 70.4 Expanded capitalization of ownership transfer costs ......... of residential housing .............................................. 0.0 0.0 0.0 Accrual treatment of defined benefit pension plans ... 9.3 37.7 29.7 ......... Statistical ....................................................................... –1.5 38.0 19.2 ......... 3 fined benefit pension plans increased both value added and gross output by $29.7 billion in 2007. Classification changes IEA statistics released as part of the 2014 comprehen sive revision are classified and presented on the basis of the 2007 NAICS; previously, the statistics were classi fied and presented on a 2002 NAICS basis. Overall, changes stemming from the conversion to 2007 NAICS are small.4 With the release of the 2014 IEA comprehensive re vision, BEA published 388 industries in the 2007 benchmark I-O account, compared with 426 indus tries in the 2002 benchmark I-O account. The manu facturing sector saw the biggest reduction; in 2007, BEA published 238 industries in manufacturing, com pared with 279 industries in 2002. Retail trade, con struction, and health care were among the larger expansions. For retail trade, BEA published 4 indus tries in 2007; in 2002, BEA only published a total retail trade aggregate. For construction, BEA published 12 industries in 2007, compared with 7 industries in 2002. For health care, BEA published 13 industries in 2007, compared with 8 industries in 2002.5 Statistical improvements and source data Statistical improvements are changes in procedures in order to incorporate new and improved estimation methods and newly available and revised source data. A number of notable improvements in statistical methods were introduced with the release of the 2014 comprehensive revision of the IEAs, including the fol lowing: ● Compensation. For the first time, compensation by industry in a benchmark I-O account matches com pensation by industry at the level of aggregation pub lished in the NIPAs and the annual industry accounts. ● Taxes on production and imports less subsidies. Similar to compensation, taxes on production and imports less subsidies by industry now matches taxes on production and imports less subsidies by industry at the level of aggregation published in the NIPAs and the annual industry accounts. ● Gross operating surplus. Gross operating surplus in 4. For additional detail on the classification changes, see Strassner and Wasshausen, 22–23. 5. In addition, BEA published a larger expansion of industry data in its detailed time series product on gross output by industry—beyond that published in the benchmark I-O account—for utilities, retail trade, and wholesale trade. See www.bea.gov/industry/gdpbyind_data.htm. 4 Industry Economic Accounts the 2007 benchmark I-O account reflects the improvements introduced into gross domestic income as part of the 2013 comprehensive revision of the NIPAs. ● Construction. For the 2007 benchmark I-O account, the output measure for maintenance and repair and the industry distribution for intermediate inputs and for own-account construction were improved. ● Insurance. For the insurance industry, improved source data from a variety of public- and private-sec tor institutions were incorporated into the statistics, and methodological improvements were expanded to include additional lines of insurance. A list of principal source data used to estimate cur rent-dollar output, intermediate inputs, and value added for the 2007 benchmark can be found in tables A and B in the article “Preview of the 2013 Compre February 2014 hensive Revision of the Industry Economic Accounts” (pages 26–28). For a list of principal source data used to estimate current-dollar output and prices, see table H, and for the a list of the principal source data used to estimate value added by industry for the annual time series, see table I. A number of source data improve ments were incorporated into the fully integrated an nual industry accounts time series. ● Census Bureau Services Annual Survey (SAS) data was expanded to improve measures of gross output, including in the transportation and insurance indus tries. ● Bureau of Labor Statistics (BLS) producer price indexes replaced a variety of price indicators, includ ing personal consumption expenditure price indexes and implicit price deflators based on average wages per employee. Acknowledgments Balancing and reconciliation: Ahmad Z. Yusuf and Erich H. Strassner, Chief of the Industry Applications Division (IAD) and David B. Wasshausen, Chief of the Gabriel W. Medeiros. Distributive Services: Ricky L. Stewart, Mariana Matias, Industry Sector Division (ISD), supervised the preparation of the estimates. Carol E. Moylan, Associate Director and Justin H. Settles. Finance, insurance, real estate, rental and leasing: Mat for Industry Economic Accounts, provided overall guidance. Thomas F. Howells III, Chief of the Input-Output thew B. Schroeder, Lolita V. Jamison, Ricci L. Reber, and Systems Branch in IAD, managed the economic informa- Casey W. Ross. Health care; arts, entertainment and recreation; accomtion systems used to produce and review the statistics. Paul V. Kern, Chief of the Information, Business Services, modation and food services: Daniel W. Jackson, Olympia and Travel and Tourism Satellite Accounts Branch in ISD, Belay, and Alexander M. Eisenmann. Information, business, and management services: Robert Edward T. Morgan, Chief of the Professional and Distributive Services Branch in ISD, Matthew R. Russell, Chief J. Corea, Benjamin J. Hobbs, Erin M. Ludlow, and Mandy of the Goods, Inventories, and International Trade C. Roberts. International trade and inventories: William A. Jolliff, Branch in IAD, and Patricia A. Washington, Chief of the Personal Services and Government Branch in ISD, pro- Peter D. Kuhbach, Gregory R. Linder, and Sarah B. vided guidance and contributed to the preparation of the Osborne. Operations: Amanda S. Lyndaker, Rajeshwari R. Bhoindustry statistics and analysis. Robert J. McCahill, former Program Coordinator in sale, Matthew E. Calby, Douglas B. Leung, Paul M. ISD, provided valuable assistance. Jiemin Guo, Wendy Li, Rhodes, and Jeffrey A. Young. Other services, education, and government services: and Jon D. Samuels, Research Economists in the Office of the Associate Director, provided valuable assistance on Tameka R.L. Harris, Katharine E. Hamilton, and Darlene economic research and analysis. Kali K. Kong, Special C. Robinson-Smith. Professional services and value added: Jennifer Lee, Assistant to the Associate Director, Maxine V. Tiggle. and Patricia A. Wilkinson provided administrative and pro- Teresa L. Gilmore, and Brian M. Lindberg. Transportation and warehousing: William H. Nicolls IV. gram assistance. In addition, the Industry Economic Accounts Direc The following staff also contributed to the preparation torate expresses gratitude and appreciation for the conof the statistics: Agriculture, mining, construction, and manufacturing: tributions of staff from the National Economic Accounts Kevin B. Barefoot, Donald D. Kim, Patrick H. Martin, Directorate, led by their Associate Director Brent R. Simon N. Randrianarivelo, and Christopher N. Wilder- Moulton and Division Chiefs Pamela A. Kelly and Nicole M. Mayerhauser. man. SURVEY OF CURRENT BUSINESS February 2014 5 Real Value Added Table B. Percent Changes in Real Value Added by Industry Group 2007 2008 2009 2010 2011 2012 1.8 –0.3 –2.8 2.5 1.8 2.8 Private industries ..................................................... 1.5 Agriculture, forestry, fishing, and hunting ................ –13.5 Gross domestic product ................................... –1.0 –3.2 2.4 1.9 3.0 6.6 13.1 Mining ..................................................................... Utilities .................................................................... Construction............................................................ Manufacturing ......................................................... Durable goods ..................................................... 6.6 1.2 –3.7 3.3 4.3 Nondurable goods ............................................... Wholesale trade ...................................................... Retail trade ............................................................. Transportation and warehousing ............................. Information .............................................................. Finance, insurance, real estate, rental, and leasing Finance and insurance ........................................ Real estate and rental and leasing...................... Professional and business services ........................ Professional, scientific, and technical services ... Management of companies and enterprises ....... Administrative and waste management services Educational services, health care, and social assistance ........................................................... Educational services ........................................... Health care and social assistance ....................... Ar ts, entertainment, recreation, accommodation, and food services ................................................ Ar ts, entertainment, and recreation..................... Accommodation and food services ..................... Other ser vices, except gover nment ........................ 2.0 –7.1 0.8 3.3 –1.1 –12.8 –2.8 –4.0 –2.8 –1.3 0.2 –8.0 9.7 4.4 –3.7 1.8 –3.6 4.0 –2.6 –12.9 15.7 4.4 1.6 –1.4 2.4 4.5 –6.6 3.1 7.4 –6.1 –2.6 –0.3 –8.4 3.8 0.9 –6.5 1.3 14.2 1.9 –6.5 –8.5 –12.9 –4.0 –7.8 –1.4 –14.8 1.9 –4.0 –5.9 10.3 –5.0 6.8 12.4 Real GDP increased 2.8 percent in 2012, reflecting growth in 20 of the 22 major industry groups. The leading contributors to the increase were professional and business services; finance, insurance, real estate, rental and leasing; mining; and manufacturing. 0.3 9.9 1.7 0.0 0.7 6.3 14.0 1.8 4.0 1.9 4.1 1.1 –5.1 3.2 1.5 2.2 1.2 5.7 3.4 4.0 2.2 1.6 1.1 –0.3 –0.7 2.6 2.0 2.7 4.5 0.8 4.3 7.6 4.9 4.3 4.7 –0.5 2.6 1.3 1.1 4.4 2.2 2.3 2.2 4.6 4.2 8.1 3.7 1.0 2.2 0.8 5.4 4.3 5.6 2.2 4.8 1.8 0.4 1.4 1.0 –0.1 0.3 1.6 2.5 1.0 2.7 0.1 1.7 –0.4 –2.4 –2.3 –0.5 –3.0 –3.6 –6.5 –3.3 –7.6 –5.2 3.6 4.4 4.4 4.2 3.3 4.5 –1.8 –0.5 2.7 2.3 2.8 1.9 Government .............................................................. Federal.................................................................... State and local ........................................................ 1.1 0.9 1.1 1.8 2.7 1.4 0.5 3.0 –0.6 0.7 –0.4 2.5 0.2 –0.2 –0.6 –0.2 –1.0 0.2 Addenda: Private goods-producing industries 1 ....................... Private ser vices-producing industries 2 ................... Information-communications-technology-producing industries 3 .......................................................... 1.1 1.7 –3.9 –0.1 –5.4 –2.6 2.6 2.4 1.4 2.1 3.7 2.7 10.7 7.1 –2.3 4.4 4.7 7.2 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromed ical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. Mining exhibited the strongest growth, at 14 percent, due to an increase in oil and gas extraction, which was the strongest contributor to growth among 69 more detailed industries. Construction increased 4 percent—its first significant increase since 2004, reflecting gains in both residential and nonresidential construction. Durable-goods manufacturing increased 4.1 percent, reflecting growth in primary metals, other transporta tion equipment, and computers and electronic prod ucts manufacturing. Retail trade increased 1.3 percent, reflecting an in crease in motor vehicle and parts dealers. Information’s strong growth of 4.4 percent was wide spread among the more detailed industries within this group. Real estate and rental and leasing’s increase of 2.2 per cent was led by real estate. Real estate was the second largest contributor to economic growth in 2012 due largely to gains in residential real estate resulting from an improved housing market. Professional, scientific, and technical services in creased 4.2 percent, reflecting increases in computer systems design and related services and in miscella neous, professional, scientific, and technical services. Health care and social assistance increased 2.7 per cent—its strongest growth since 2008, reflecting growth in ambulatory health care services. Federal government exhibited the largest decrease, at 1.0 percent. Federal government enterprises and gen eral government services both decreased. Industry Economic Accounts 6 February 2014 Real Value Added Table C. Contributions to Percent Change in Real GDP by Industry Group [Percentage points] 2007 2008 2009 2010 2011 2012 Gross domestic product 1 ................................. 1.8 –0.3 –2.8 Private industries ...................................................... 1.32 –0.87 –2.78 Agriculture, forestry, fishing, and hunting ................ –0.14 0.06 0.12 2.5 1.8 2.08 2.8 1.65 2.54 0.02 –0.05 0.00 Mining ...................................................................... 0.13 0.03 0.35 –0.13 0.23 Utilities ..................................................................... 0.02 0.03 –0.11 0.18 0.03 Construction ............................................................ –0.19 –0.42 –0.57 –0.19 0.00 Manufacturing.......................................................... 0.42 –0.51 –0.97 0.80 0.09 Durable goods...................................................... 0.31 –0.10 –1.01 0.73 0.40 0.35 0.03 0.14 0.23 0.26 Nondurable goods................................................ Wholesale trade ...................................................... Retail trade .............................................................. Transportation and warehousing ............................. Information .............................................................. Finance, insurance, real estate, rental, and leasing Finance and insurance ........................................ Real estate and rental and leasing ...................... Professional and business services ........................ Professional, scientific, and technical services .... Management of companies and enterprises ....... Administrative and waste management services Educational services, health care, and social assistance ............................................................ Educational services............................................ Health care and social assistance ....................... Ar ts, entertainment, recreation, accommodation, and food services................................................. Ar ts, entertainment, and recreation ..................... Accommodation and food services ...................... Other ser vices, except gover nment ......................... 0.12 0.19 –0.18 –0.04 0.45 0.35 –0.20 0.55 0.27 0.21 –0.05 0.11 –0.41 –0.07 –0.24 0.00 0.21 –0.72 –0.92 0.20 0.51 0.49 –0.01 0.03 0.07 0.02 0.05 0.40 0.04 0.36 Government ............................................................... Federal .................................................................... State and local......................................................... 0.14 0.04 0.10 Addenda: Private goods-producing industries 2 ....................... Private ser vices-producing industries 3 ................... Information-communications-technology-producing industries 4 ........................................................... 0.23 –0.83 –1.07 1.09 –0.04 –1.70 0.49 1.59 0.27 1.38 0.73 1.81 0.60 0.26 0.27 0.41 0.04 0.07 –0.31 –0.03 –0.79 0.18 0.09 0.15 –0.16 0.13 0.07 0.08 –0.23 0.16 0.10 0.03 –0.18 0.19 0.10 0.21 0.75 0.32 0.21 0.43 0.93 –0.02 –0.05 0.15 –0.18 0.34 0.26 0.28 –0.79 0.31 0.52 0.54 –0.44 0.06 0.29 0.29 –0.15 0.13 0.09 0.15 –0.19 0.12 0.14 0.11 0.17 0.05 0.12 0.04 0.01 0.02 0.12 0.00 0.12 0.20 0.01 0.19 0.01 –0.09 –0.24 0.13 0.02 0.00 –0.03 0.04 –0.01 –0.08 –0.21 0.09 –0.06 –0.08 –0.12 –0.04 0.16 0.04 0.12 –0.01 0.10 0.02 0.07 0.04 0.24 0.07 0.10 –0.05 –0.02 0.11 0.13 0.11 0.01 –0.05 0.13 –0.05 –0.02 –0.06 0.02 0.40 –0.14 GDP Gross domestic product 1. The estimates of gross domestic product under the contributions columns are percent changes. 2. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 3. 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. 4. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromed ical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. NOTE. Percentage-point contributions do not sum to the percent change in real gross domestic product because the contribution of the “Not allocated by industry” line is excluded. The acceleration in real GDP growth was due to stron ger growth in both the private good-producing and services-producing sectors. Overall, 15 of the 22 major industry groups contributed to the faster growth. The acceleration in mining contributed 0.12 percent age point to the faster real GDP growth. The accelera tion was led by oil and gas extraction. Construction contributed 0.14 percentage point to the acceleration in real GDP growth in 2012, or about 14 percent. Durable-goods manufacturing slowed in 2012, con tributing 0.26 percentage point after contributing 0.40 percentage point in 2011. The slowdown was due to slowdowns in motor vehicles, bodies and trailers, and parts and in machinery. Nondurable-goods manufacturing was the leading contributor to the faster growth in real GDP. It sub tracted 0.03 percentage point from growth in 2012 af ter subtracting 0.31 percentage point in 2011. Transportation and warehousing slowed in 2012, con tributing 0.03 percentage point to real GDP growth af ter contributing 0.10 percentage point in 2011. The slowdown was mostly due to a downturn in air trans portation. Finance and insurance was the second leading con tributor to the faster growth in real GDP in 2012, con tributing 0.15 percentage point after subtracting 0.05 percentage point. The upturn was due to faster growth in insurance carriers and related activities and to an upturn in securities, commodity contracts, and invest ments. State and local government turned up in 2012 for the first time since 2008, reflecting flat growth in state and local general government services after a downturn in 2010 and a larger decrease in 2011. SURVEY OF CURRENT BUSINESS February 2014 7 Value-Added Prices Table D. Percent Changes in Chain-Type Price Indexes for Value Added by Industry Group 2007 2008 2009 2010 2011 2012 Growth in the GDP price index slowed modestly in 2012. The slowdown reflected a significant decelera tion in prices for the goods-producing sector; prices for the services-producing sector picked up. Gross domestic product ................................... 2.7 1.9 0.8 1.2 2.0 1.7 Private industries ..................................................... Agriculture, forestry, fishing, and hunting ................ 2.8 2.2 0.4 1.3 2.3 2.1 28.0 2.1 –21.2 14.2 28.5 1.4 Mining ..................................................................... 7.8 26.3 –36.6 21.6 11.8 –8.0 Utilities .................................................................... 1.0 0.2 13.1 –2.5 0.9 –3.4 Construction............................................................ Manufacturing ......................................................... Durable goods ..................................................... 6.3 –0.5 –1.8 –0.1 1.5 –2.4 1.5 3.1 3.1 –1.8 –0.3 –2.1 1.3 4.4 –1.3 2.3 3.9 1.7 Nondurable goods ............................................... Wholesale trade ...................................................... Retail trade ............................................................. 1.1 2.1 2.8 6.5 3.2 1.8 3.1 7.5 1.2 1.6 10.9 2.3 3.1 0.9 1.7 6.3 3.2 2.4 Transportation and warehousing ............................. Information .............................................................. Finance, insurance, real estate, rental, and leasing Finance and insurance ........................................ 1.8 –1.4 2.0 3.2 –0.9 1.2 2.7 0.2 –1.5 0.9 –0.7 0.9 1.5 0.2 1.1 4.2 0.4 3.0 1.9 0.3 –7.7 3.8 1.5 4.2 Real estate and rental and leasing...................... Professional and business services ........................ Professional, scientific, and technical services ... Management of companies and enterprises ....... Administrative and waste management services Educational services, health care, and social assistance ........................................................... Educational services ........................................... Health care and social assistance ....................... Ar ts, entertainment, recreation, accommodation, and food services ................................................ Ar ts, entertainment, and recreation..................... Accommodation and food services ..................... Other ser vices, except gover nment ........................ 2.1 5.0 3.8 11.7 3.8 1.6 1.2 1.3 1.3 1.0 1.8 1.4 1.2 3.2 1.0 –0.6 1.3 1.2 0.8 1.8 0.9 1.1 1.5 0.3 0.5 2.5 1.5 1.4 0.6 2.0 4.1 4.5 4.1 2.2 3.6 2.0 3.7 4.2 3.6 2.2 2.7 2.1 1.4 2.7 1.2 1.9 3.8 1.6 4.2 3.9 4.3 4.0 3.0 2.1 3.4 4.0 4.4 2.4 5.1 5.0 –0.1 –0.3 –0.3 0.1 –0.1 –0.5 2.6 2.1 3.3 2.4 3.6 2.4 Government .............................................................. Federal.................................................................... State and local ........................................................ 4.1 3.8 4.3 3.2 2.4 3.6 2.6 1.8 3.0 2.8 3.1 2.7 1.6 1.8 1.5 1.2 0.6 1.5 Addenda: Private goods-producing industries 1 ...................... Private ser vices-producing industries 2 .................. Information-communications-technology-producing industries 3 .......................................................... Finance and insurance prices increased 4.2 percent, its fastest growth over 1998–2012. The acceleration re flected an upturn in Federal reserve banks, credit in termediation, and related activities. 3.0 2.7 3.8 1.6 –4.6 1.9 2.4 1.0 6.0 1.2 1.8 2.2 Real estate and rental and leasing prices increased 2.5 percent, its fastest growth since 2006. –3.9 –3.2 –1.4 –1.8 –1.1 –0.6 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromed ical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. Value-added prices for agriculture, forestry, fishing and hunting industry group slowed, reflecting a sub stantial slowdown in prices for the farm industry. Mining prices turned down, reflecting a downturn in oil and gas extraction prices, which was the leading contributor to the overall slowdown in GDP prices. Utilities prices turned down in 2012, decreasing 3.4 percent, its largest decrease since 2002. Construction prices accelerated in 2012, its largest in crease since 2007. Durable-goods manufacturing prices turned up in 2012, increasing for the first time since 2009. The up turn was widespread. Nondurable-goods manufacturing prices slowed in 2012, reflecting a substantial deceleration in prices for petroleum and coal products—the second leading contributor to the overall slowdown in GDP prices. Retail trade prices accelerated in 2012, its largest in crease since 2007. Transportation and warehousing prices increased 4.2 percent, its fastest pace since 2001. Prices for arts, entertainment, recreation, accommo dation and food services turned up in 2012, reflecting an upturn in accommodation and food services and an acceleration in arts, entertainment, and recreation. Industry Economic Accounts 8 February 2014 Revisions This comprehensive revision of the industry economic accounts reflected a number of significant improve ments, including full integration with the 2007 bench mark I-O account as well as with the results of the 2013 comprehensive revision of the NIPAs.1 Although there were many significant statistical and definitional revi sions incorporated into these statistics, including the capitalization of R&D, the overall industry narratives that underlie the business cycles in this period were un changed. Additional notable improvements and sources of revision include the following: ● Capitalized expenditures on entertainment, literary, and artistic originals; ● Expanded the capitalization of ownership transfer costs; ● Reclassified transactions of defined benefit pension plans from a cash basis to an accrual basis; ● Improved sources and methods for estimating con struction output; ● Improved sources and methods for estimating insur ance output; ● Expanded use of Census Bureau service annual survey data, including for utilities, transportation, and insur ance; and ● Expanded use of Bureau of Labor Statistics (BLS) pro ducer price indexes (PPIs). Table E presents historical revisions to the percent 1. See Stephanie H. McCulla, Alyssa E. Holdren, and Shelly Smith, “Improved Estimates of the National Income and Product Accounts: Results of the 2013 Comprehensive Revision,” SURVEY 93 (September 2013): 14–45 Table E. Revisions to Percent Changes, 1998–2012 Private goods– producing industries1 Gross domestic product Private services– producing industries2 Infor mation– communications –technology– producing industries3 Revised Revision Revised Revision Revised Revision Revised Revision 1998 ........................ 1999 ........................ 2000 ........................ 2001 ........................ 2002 ........................ 4.5 4.8 4.1 1.0 1.8 0.1 0.0 0.0 –0.1 0.0 3.9 4.9 5.5 –2.5 0.1 –0.4 0.1 0.5 0.6 –0.9 4.9 5.4 3.9 2.0 2.3 0.0 0.0 –0.6 –0.6 0.4 19.1 15.7 18.5 4.8 7.0 –5.6 –6.2 6.4 2.7 –8.5 2003 ........................ 2004 ........................ 2005 ........................ 2006 ........................ 2007 ........................ 2.8 3.8 3.4 2.7 1.8 0.3 0.3 0.3 0.0 –0.1 3.6 4.9 2.1 3.7 1.1 1.8 –0.6 1.2 1.2 0.4 2.6 3.6 4.1 2.8 1.7 0.0 0.3 0.3 –0.3 –0.6 10.2 12.9 11.8 9.2 10.7 0.0 –7.3 –0.6 0.9 0.5 2008 ........................ 2009 ........................ 2010 ........................ 2011 ........................ 2012 ........................ –0.3 –2.8 2.5 1.8 2.8 0.0 0.3 0.1 0.0 0.6 –3.9 –5.4 2.6 1.4 3.7 1.1 0.4 –0.3 0.8 –1.0 –0.1 –2.6 2.4 2.1 2.7 –0.2 0.8 –0.3 –0.3 0.4 7.1 –2.3 4.4 4.7 7.2 1.0 –1.4 –7.0 0.3 0.7 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, elec tromedical, and control instruments manufacturing); software publishers; broadcasting and telecommuni cations; data processing, hosting and related services; internet publishing and broadcasting and web search por tals; and computer systems design and related services. Revisions reflect both statistical revi sions and an improved definition of these industries. changes to GDP, to private goods-producing industries, to private services-producing industries and to informa tion-communications-technology-producing industries. Table F presents revisions to percent changes in real value added by industry group; revisions to real value added reflect revisions to real gross output and to real in termediate inputs. Table G presents these revisions by in dustry group for 2010–2012 and the sources of growth in real value added as well as sources of revision; for exam ple, in 2010, the notable downward revision to real value added for retail trade reflected a notable downward revi sion to real gross output. Conversely, in 2011, a notable upward revision to real value added for mining reflected a notable downward revision to real intermediate inputs. 1997–2002 The growth in both private goods-producing and private services-producing industries was revised down slightly, but the average annual growth rate for real GDP was un revised. Information-communications-technology-pro ducing industries was revised down, but they continued to be a leading contributor to the overall increase in GDP. ● Average annual growth in real value added for whole sale trade was revised down, reflecting an improved methodology for estimating price indexes used to deflate gross margin output. The improved methodol ogy results in a more stable price index and is more closely aligned with the NIPA implicit price deflator for wholesale sales. 2002–2007 Growth in the private goods-producing industries was revised up, primarily reflecting upward revisions to min ing and to construction. As a result, growth in the private goods-producing industries slightly outpaced growth in the private services-producing industries in this business cycle expansion. ● The upward revision to real value added for mining pri marily reflected upward revisions to gross operating surplus for the oil and gas extraction industry. ● The upward revision to real value added for construc tion reflected upward revisions to both gross output and the gross operating surplus. Upward revisions to gross output reflected improved estimates for residen tial maintenance and repair. 2008 The direction of growth in real value added was un changed for 20 of the 22 major industry groups. The top four leading contributors to the decrease in real GDP (fi nance and insurance, construction, nondurable goods February 2014 SURVEY OF CURRENT BUSINESS 9 Revisions manufacturing, and retail trade) remained the top four. Although private goods-producing industries was re vised up, it continued to contribute more to the decrease than the private services-producing industries. ● The downward revision to real value added for finance and insurance reflected downward revisions to all the underlying industries. The largest contributor to the downward revision was the securities, commodity con tracts, and investments industry, which in turn reflected a notable downward revision to gross operat ing surplus. These revised value-added statistics more closely track value added for financial corporate busi ness published in the NIPAs. 2009 The direction of growth in real value added was un changed for 20 of the 22 major industry groups. The top four leading contributors to the decrease in real GDP (durable-goods manufacturing, wholesale trade, con struction, and professional, scientific and technical ser vices) remained the top four. Although private servicesproducing industries was revised up, it continued to con tribute more to the decrease in real value added than the private goods-producing industries. ● The upward revision to real value added for finance and insurance primarily reflected upward revisions to funds, trusts, and other financial vehicles, and to secu rities, commodity contracts, and investments, which reflected upward revisions to their gross operating sur pluses. ● The downward revision to real value added for mining was widespread within the industry group. The leading contributor was the revision to oil and gas extraction that primarily reflected an upward revision to the implicit price deflator for gross output; the upward revision reflected updated detailed shares of gross out put prepared as part of the 2007 benchmark I-O account. Table F. Real Value Added by Industry Group [Percent change from preceding period] Average annual rate of change 2008 Line 1997–2002 2009 2010 2011 2012 2002–2007 Revised Revision Revised Revision Revised Revision Revised Revision Revised Revision Revised Revision Revised Revision 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 Gross domestic product ........................................... 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 ........ Finance and insurance ................................................ Real estate and rental and leasing .............................. Professional and business services ................................ Professional, scientific, and technical services............ Management of companies and enterprises ............... Administrative and waste management services ........ Educational services, health care, and social assistance Educational services ................................................... Health care and social assistance ............................... Ar ts, entertainment, recreation, accommodation, and food services ............................................................... Ar ts, entertainment, and recreation ............................. Accommodation and food services.............................. Other ser vices, except gover nment ................................ Government ...................................................................... Federal ............................................................................ State and local ................................................................ Addenda: Private goods-producing industries 1 ............................... Private ser vices-producing industries 2 ........................... Information-communications-technology-producing industries 3 ................................................................... 3.2 3.4 2.8 0.5 –0.2 1.3 2.7 4.3 0.4 4.1 4.5 –0.8 6.7 4.9 8.3 3.0 3.5 4.1 2.2 2.9 2.6 1.9 2.6 0.0 –0.1 0.0 0.5 –0.3 0.1 –0.1 –0.8 0.7 –2.6 0.6 –1.5 –0.8 0.5 0.9 0.4 –0.1 0.0 –0.2 –0.3 0.1 –0.1 0.0 2.9 3.0 1.9 0.8 0.4 –0.1 4.4 6.2 2.3 4.7 1.6 4.8 6.3 2.7 2.2 3.0 2.8 2.8 –0.5 4.9 2.8 2.8 2.8 0.2 0.2 –0.7 5.0 –0.9 1.8 –0.1 0.1 –0.2 0.5 0.2 –0.3 0.1 0.0 –0.1 0.1 –0.6 –1.1 0.2 0.0 0.2 2.3 –0.1 –0.3 –1.0 6.6 1.3 1.9 –8.5 –4.0 –1.4 –7.1 –1.1 –4.0 0.2 4.4 –3.6 –12.9 1.6 4.5 7.4 –0.3 0.9 5.4 4.3 5.6 0.0 0.0 –2.1 5.0 –2.7 –1.9 1.9 0.2 3.8 0.0 1.7 –0.7 2.8 –2.9 –6.3 –1.2 0.6 2.2 –2.3 –0.9 0.8 2.0 0.6 –2.8 –3.2 13.1 14.2 –6.5 –12.9 –7.8 –14.8 0.8 –12.8 –2.8 –8.0 –3.7 4.0 15.7 –1.4 –6.6 –6.1 –8.4 –6.5 2.2 4.8 1.8 0.3 0.6 0.0 –11.0 2.5 0.0 1.4 1.5 1.2 0.5 –0.9 2.1 1.8 2.8 7.3 1.4 –0.7 –0.1 –8.6 2.5 0.2 1.6 0.0 2.5 2.4 1.9 –5.9 10.3 –5.0 6.8 12.4 1.1 3.2 2.2 5.7 4.0 1.6 –0.3 2.6 2.7 0.8 7.6 4.3 0.4 1.0 0.3 0.1 –0.3 4.7 3.2 0.2 –3.8 –0.1 –0.9 0.7 –0.2 –4.8 –0.9 0.8 1.2 1.9 0.6 0.5 –1.8 12.4 –1.2 –0.8 2.8 –1.4 1.8 1.9 –4.0 9.9 1.7 0.0 0.7 6.3 –5.1 1.5 1.2 3.4 2.2 1.1 –0.7 2.0 4.5 4.3 4.9 4.7 1.4 –0.1 1.6 0.0 –0.1 9.6 9.9 –0.9 0.3 –1.8 –0.5 –3.1 –1.5 1.0 –1.4 –3.7 0.8 –0.1 1.1 –0.3 –1.0 5.4 –2.1 –0.3 –1.2 –0.2 2.8 3.0 0.3 14.0 1.8 4.0 1.9 4.1 –0.5 2.6 1.3 1.1 4.4 2.2 2.3 2.2 4.6 4.2 8.1 3.7 2.5 1.0 2.7 0.6 0.1 4.0 10.3 0.9 0.9 –4.3 –5.1 –3.5 –2.2 –2.5 –0.3 –1.4 0.1 –1.3 1.0 2.8 3.0 4.6 1.3 2.1 0.8 2.3 2.6 1.4 3.0 –0.2 1.4 0.2 2.0 0.0 0.2 –0.1 –0.2 0.0 0.0 0.0 2.1 2.5 1.9 –0.6 0.9 1.2 0.8 –0.9 –0.4 –1.1 –0.5 0.2 0.6 0.1 –2.3 –0.5 –3.0 –3.6 1.8 2.7 1.4 2.7 5.3 1.9 0.6 0.1 0.0 0.1 –6.5 –3.3 –7.6 –5.2 0.5 3.0 –0.6 –0.3 0.0 –0.5 –0.9 –0.4 –0.7 –0.2 3.6 4.4 3.3 –1.8 0.7 2.5 –0.2 –2.9 –1.8 –3.2 –2.6 0.1 –0.4 0.3 4.4 4.2 4.5 –0.5 –0.4 0.2 –0.6 –1.0 –1.3 –0.8 –1.8 0.4 0.4 0.4 2.7 2.3 2.8 1.9 –0.2 –1.0 0.2 –0.9 –1.0 –0.8 1.7 0.2 –0.5 0.5 2.3 3.7 –0.1 –0.2 3.1 2.9 0.9 –0.1 –3.9 –0.1 1.1 –0.2 –5.4 –2.6 0.4 0.8 2.6 2.4 –0.3 –0.3 1.4 2.1 0.8 –0.3 3.7 2.7 –1.0 0.4 12.9 –2.1 11.0 –1.2 7.1 1.0 –2.3 –1.4 4.4 –7.0 4.7 0.3 7.2 0.7 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromed ical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. Revisions for this series reflect both statistical revisions and an improved definition of information-communications-technology-producing industries. Industry Economic Accounts 10 February 2014 Revisions ● The downward revision to real value added for man agement of companies and enterprises primarily reflected the incorporation of an improved price index used to deflate this industry’s gross output. The PPI for management consulting services replaced a wage-based price index. with 2002 and 2004, respectively. With the incorpora tion of these PPIs, the annual industry accounts now reflect the full incorporation of all available retail trade PPIs, which more accurately align with the measure ment of gross margin output for the industry than sales-based price indexes. ● The downward revision to real value added for con struction reflected downward revisions to current-dol lar value added, which reflected downward revisions to compensation and gross operating surplus. The down ward revision to compensation partly reflects the improved treatment of pension plans. ● The upward revision to management of companies and enterprises reflected the incorporation of an improved price index used to deflate this industry’s gross output. The PPI for management consulting services replaced a wage-based price index. 2010 The direction of growth in real value added was un changed for 18 of the 22 major industry groups. Al though information-communications-technology-pro ducing industries was revised down notably, it continued to contribute positively to the increase in real GDP. ● The downward revision to real value added for retail trade primarily reflected the full incorporation of all available retail PPIs used to deflate gross margin out put. BLS PPIs for gasoline stations and for department stores replaced sales-based price indexes, beginning Table G. Real Gross Output, Real Intermediate Inputs, and Real Value Added by Industry Group, 2010–2012 [Percent change from preceding period] Revisions to the percent changes (percentage points] Revised Real gross output Line Real intermediate inputs Real value added Real gross output Real intermediate inputs Real value added 2010 2011 2012 2010 2011 2012 2010 2011 2012 2010 2011 2010 2011 2010 2011 2012 Gross domestic product.......................................................................... ........ ........ ........ ........ 1 2 Private industries ............................................................................................ 3.4 2.3 3.0 4.6 3 Agriculture, forestry, fishing, and hunting....................................................... 1.3 –4.1 –0.8 0.8 4 Mining ............................................................................................................ 2.8 7.5 11.5 33.0 5 Utilities ........................................................................................................... 6.3 –7.3 –0.7 –0.6 6 Construction .................................................................................................. –7.6 –3.3 3.7 –10.4 7 Manufacturing ................................................................................................ 5.6 3.2 2.8 4.9 Durable goods ............................................................................................ 9.8 6.7 6.3 8.1 8 Nondurable goods ...................................................................................... 1.9 0.1 –0.2 2.3 9 10 Wholesale trade............................................................................................. 12.2 5.0 1.6 39.8 11 Retail trade .................................................................................................... 7.3 1.8 5.2 18.8 12 Transportation and warehousing ................................................................... 5.0 3.6 1.3 4.3 13 Information..................................................................................................... 4.3 3.7 4.7 4.7 14 Finance, insurance, real estate, rental, and leasing ...................................... 1.2 0.7 2.0 0.4 Finance and insurance............................................................................... –0.7 –0.8 1.9 –1.1 15 Real estate and rental and leasing ............................................................ 2.6 1.8 2.1 2.5 16 17 Professional and business services .............................................................. 3.6 4.4 3.3 5.2 Professional, scientific, and technical services .......................................... 2.6 3.4 1.9 5.8 18 Management of companies and enterprises .............................................. 6.5 7.2 8.9 4.8 19 Administrative and waste management services ....................................... 4.1 5.0 2.6 3.8 20 21 Educational services, health care, and social assistance.............................. 2.1 2.4 3.0 4.8 Educational services .................................................................................. 5.5 1.6 3.8 13.1 22 Health care and social assistance ............................................................. 1.6 2.5 2.9 3.6 23 24 Ar ts, entertainment, recreation, accommodation, and food services ............ 1.3 3.7 3.4 –1.5 Ar ts, entertainment, and recreation ........................................................... 0.2 2.9 3.2 –5.1 25 Accommodation and food services ............................................................ 1.7 3.9 3.4 –0.3 26 27 Other services, except government ............................................................... 0.4 0.5 2.6 4.2 28 Government ..................................................................................................... 0.2 –1.7 0.3 –0.7 29 Federal........................................................................................................... 3.6 –2.0 –0.8 5.5 30 State and local............................................................................................... –1.5 –1.5 0.8 –4.0 31 32 33 Addenda: Private goods-producing industries 1.............................................................. Private ser vices-producing industries 2 .......................................................... Information-communications-technology-producing industries 3 2.9 3.6 6.1 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. 2.1 2.3 5.4 3.3 2.8 5.7 3.2 5.6 8.5 ........ 2.7 –4.1 1.1 –23.4 –7.1 4.5 7.0 2.7 13.1 2.9 3.9 5.7 0.0 –0.9 1.2 4.2 1.7 10.5 5.5 4.0 4.2 3.9 2.7 1.1 3.2 2.0 –4.0 –5.4 –3.2 ........ 3.0 –1.7 4.3 –6.5 3.3 3.3 7.8 –0.1 –0.4 12.6 1.4 5.2 1.6 1.5 1.8 0.9 –2.0 9.9 0.5 3.9 8.1 3.2 4.3 4.6 4.2 3.6 1.1 –0.4 2.0 2.5 2.4 1.9 –5.9 10.3 –5.0 6.8 12.4 1.1 3.2 2.2 5.7 4.0 1.6 –0.3 2.6 2.7 0.8 7.6 4.3 0.4 1.0 0.3 3.6 4.4 3.3 –1.8 0.7 2.5 –0.2 1.8 1.9 –4.0 9.9 1.7 0.0 0.7 6.3 –5.1 1.5 1.2 3.4 2.2 1.1 –0.7 2.0 4.5 4.3 4.9 4.7 1.4 –0.1 1.6 4.4 4.2 4.5 –0.5 –0.4 0.2 –0.6 2.6 2.8 6.3 3.1 2.9 3.8 2.6 2.4 4.4 1.4 2.1 4.7 2.8 3.0 0.3 14.0 1.8 4.0 1.9 4.1 –0.5 2.6 1.3 1.1 4.4 2.2 2.3 2.2 4.6 4.2 8.1 3.7 2.5 1.0 2.7 2.7 2.3 2.8 1.9 –0.2 –1.0 0.2 ........ 0.7 2.7 –2.4 0.7 0.8 –0.5 –1.1 0.1 –1.5 –3.5 0.2 1.2 2.8 4.0 1.4 1.5 0.5 6.8 0.4 –0.2 2.0 –0.6 –0.6 0.4 –0.9 0.7 –0.5 0.0 –0.6 ........ 0.2 0.5 –1.1 –2.6 1.4 0.0 –0.3 0.3 –2.0 0.3 0.0 –1.2 1.6 1.4 1.5 1.0 0.2 5.3 0.2 –1.1 –2.2 –1.0 –0.6 0.3 –0.8 –0.9 –0.1 0.0 –0.1 3.7 –0.1 0.2 2.7 1.0 0.2 7.2 –0.6 –0.5 ........ ........ 0.1 0.0 0.6 1.9 0.6 –0.3 –0.1 0.1 1.2 –6.7 4.7 9.6 4.0 2.0 –19.3 3.2 9.9 10.3 4.9 1.1 0.2 –0.9 0.9 4.9 2.3 –3.8 0.3 0.9 –0.7 1.1 –0.1 –1.8 –4.3 –1.5 –0.3 –0.9 –0.5 –5.1 –0.2 2.1 0.7 –3.1 –3.5 –4.6 –2.5 –0.2 –1.5 –2.2 –1.3 –1.2 –4.8 1.0 –2.5 1.7 1.5 –0.9 –1.4 –0.3 1.7 1.9 0.8 –3.7 –1.4 5.1 2.9 1.2 0.8 0.1 5.9 3.0 1.9 –0.1 –1.3 3.3 2.3 0.6 1.1 1.0 3.1 3.7 0.5 –0.3 2.8 5.0 3.7 –1.8 –1.0 3.0 –3.7 4.1 12.4 5.4 4.6 2.8 4.1 –1.2 –2.1 1.3 0.7 –2.7 –0.8 –0.3 2.1 –3.0 –5.2 2.8 –1.2 0.8 0.7 –2.4 –1.4 –0.2 2.3 1.9 –0.1 –2.9 –1.0 –0.9 4.1 3.4 –1.8 –1.3 –1.0 1.6 –0.8 –3.2 –0.8 –0.8 6.3 0.4 –2.6 –1.8 1.7 –1.4 –1.2 0.1 0.4 0.2 0.8 –1.2 –0.4 0.4 –0.5 –2.3 –1.2 0.3 0.4 0.5 0.1 3.2 8.2 –0.1 –0.3 0.8 –1.0 1.1 –0.3 –0.3 0.4 –1.8 –7.0 0.3 0.7 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromed ical, and control instruments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; Internet publishing and broadcasting and Web search portals; and computer systems design and related services. Revisions for this series reflect both statistical revisions and an improved definition of information-communications-technology-producing industries. February 2014 SURVEY OF CURRENT BUSINESS 11 Revisions 2011 The direction of growth in real value added was un changed for 17 of the 22 major industry groups. The top two leading contributors to the increase in real GDP (durable-goods manufacturing and professional, scientific, and technical services) were revised down slightly, but they remained the top two contributors. Although pri vate goods-producing industries was revised up and pri vate services-producing industries was revised down, private services-producing industries continued to lead growth in real GDP. ● The upward revision to real value added for mining pri marily reflected an upward revision to the oil and gas extraction industry, which reflected an upward revision to gross operating surplus. Newly available Treasury Department Statistics of Income (SOI) data on profits and proprietors’ income replaced estimates based on a variety of sources, including estimates from the Census Bureau quarterly financial report (QFR) and quarterly employment data from BLS. ● The upward revision to real value added for agriculture, forestry, fishing, and hunting was more than accounted for by an upward revision to the farm industry. Cur rent-dollar value added was revised up, reflecting an upward revision to gross operating surplus. Within gross operating surplus, both proprietors’ income and corporate profits were revised up. ● The largest downward revision was to real value added for nondurable-goods manufacturing. Chemical prod uct manufacturing and food and beverage and tobacco product manufacturing were the leading contributors in the sector. Downward revisions to both industries reflected downward revisions to current-dollar value added and can be further traced to both compensation and gross operating surplus. Newly available SOI data replaced estimates based on a variety of sources, includ ing the QFR. 2012 The direction of growth in real value added was un changed for 19 of the 22 major industry groups. Private goods-producing industries was revised down, and pri vate services-producing industries was revised up, rein forcing the fact that the private services-producing industries continued to lead growth in real GDP. ● The largest upward revision was to real value added for mining, reflecting upward revisions to all underlying industries. The oil and gas extraction industry showed the largest revision as a result of upward revisions to both current-dollar gross output and current-dollar value added. The revision to gross output reflected the incorporation of newly available data on oil and gas extraction from the Energy Information Administra tion, which replaced estimates based on the Federal Reserve Board’s industrial production index. Revisions to current-dollar value added reflected the incorpora tion of updated source data, including updated Census Bureau QFR data. ● The downward revision to durable-goods manufactur ing reflected widespread downward revisions through out the sector, which reflected the incorporation of updated source data, including Census Bureau QFR data. 12 Industry Economic Accounts February 2014 A Note on the Forthcoming Quarterly Statistics on GDP by Industry On April 25th, 2014, BEA will release for the first time of ficial statistics presenting both quarterly GDP and quar terly gross output beginning with the first quarter of 2005 and ending with the fourth quarter of 2013. These statistics will be fully consistent with results released as part of the 2014 comprehensive revision of the IEAs as well as the 2013 comprehensive revision of the NIPAs. BEA has explored the idea of producing quarterly sta tistics on GDP by industry since 2003. Experimental quarterly GDP by industry statistics were first released in February 2010.1 Subsequent prototype quarterly statis tics reflecting newly available source data and improved methodologies have been developed and released in a multiphase process, and the most recent update (Decem ber 2012) covered the first quarter of 2007 through the second quarter of 2012.2 The April 25th release will mark the final phase of bringing these highly useful statistics into regular quarterly production. The most recent recession and the subsequent recov ery emphasized the need for more high-quality, real-time information on U.S. economic performance at the in dustry level. BEA’s annual statistics on the breakout of GDP by industry can be used to describe the leading contributors to business cycle dynamics over 2007–2012, but these annual statistics are unable to provide a picture of the dynamic U.S. economy as it evolves from quarter 1. See Carol A. Robbins, Thomas F. Howells, and Wendy Li, “Experimental Quarterly U.S. Gross Domestic Product by Industry Statistics,” SURVEY OF CURRENT BUSINESS 90 (February 201): 24–31. 2. For more information, see “Note on the December 2012 Update of Prototype, Quarterly GDP by Industry Statistics” on BEA’s Web and Erich H. Strassner and David B. Wasshausen, “Prototype Quarterly Statistics on U.S. Gross Domestic Product by Industry, 2007–2011,” SURVEY 92 (June 2012): 49–65. to quarter. With the April 25th release and subsequent regular quarterly updates of quarterly GDP by industry and gross output by industry, BEA will provide a more detailed and precise view of the turning points in the economy. These newly available quarterly statistics will provide more timely information on accelerations, de celerations, and turning points in economic growth at the industry level, including key information about changes in the industrial infrastructure of the United States. Additionally, comparing gross output to GDP at the industry level may be telling, with possible implica tions for productivity analysis. Quarterly statistics on GDP by industry and on gross output by industry will be available approxi mately 4 months after the end of the reference quarter, or approximately 1 month after BEA’s third release of quarterly GDP published as part of the NIPAs. The third release of the NIPA quarterly GDP statistics is a critical input to quarterly GDP by industry because these statistics are prepared in a fully integrated inputoutput framework that are consistent with NIPA final demand. These statistics will supplement other timely quarterly data—such as employment, wages and sala ries, consumer spending, business investment, indus trial production, and price statistics—allowing for a more complete analysis of business cycle dynamics and the sources of U.S. economic growth. Quarterly GDP by industry statistics would also augment the existing quarterly NIPA statistics by providing a comprehensive accounting of consumer spending, investment, inter national trade, and industry performance on a quar terly basis. February 2014 SURVEY OF CURRENT BUSINESS 13 Methodology for the Industry Economic Accounts The estimation methodology used to construct the in dustry economic accounts (IEAs)—that is, the bench mark I-O account, the annual I-O accounts, and the GDP by industry accounts—can be described in 10 sum mary steps: (1) benchmark year domestic supply; (2) benchmark year final expenditures, (3) initial estimates of benchmark year value added and intermediate inputs; (4) reconciliation of value added and intermediate in puts; (5) benchmark year balancing; (6) annual domestic supply; (7) annual estimates of initial intermediate in puts and final expenditures; (8) annual estimates of ini tial value added by industry; (9) annual balancing; and (10) price and quantity indexes for GDP by industry and for KLEMS statistics.1 Step 1. Benchmark year domestic supply. The do mestic supply of each commodity is the total value of goods and services available for use as intermediate in puts by industries or as final uses. Domestic supply rep resents the value of goods and services (commodities) produced by domestic firms, plus imports and govern ment sales, less exports, and changes in inventory. The output of most commodities and industries was based on receipts and shipments data from the economic cen suses and are supplemented by a variety of other sources. Changes in private inventories by commodity were based on economic census data, data from the NIPAs, and in formation on corporate inventories by industry from the Treasury Department SOI. Exports and imports were based on international trade statistics from the Census Bureau and on data from the BEA’s international trans actions accounts. Step 2. Benchmark year final expenditures. The esti mation of final expenditures by commodity was primar ily based on the commodity-flow methodology. In many cases, a predominant user of a commodity can be identi fied and a portion of that commodity can be assigned to flow to a particular final use for purchase by consumers or by business for investment. Class-of-customer data from the economic censuses or information developed from alternative sources—such as trade associations, pri vate businesses, and other government agencies—was used to identify the purchaser of a commodity. The esti mates of final uses of the federal government and of state and local governments were based on the estimates of to tal consumption and investment expenditures by type of purchase from the NIPAs. 1. For additional information on estimation methods, see Karen J. Horowitz and Mark A. Planting, Concepts and Methods of the U.S. Input-Output Accounts (2006) at www.bea.gov, and Nicole M. Mayerhauser and Erich H. Strassner, “Preview of the Comprehensive Revision of the Annual Industry Accounts: Changes in Definitions, Classification, and Statistical Methods,” SURVEY OF CURRENT BUSINESS (March 2010): 21–34. Step 3. Initial estimates of benchmark year value added and intermediate inputs. Value added by indus try represents the costs incurred and the incomes earned in production, and it consists of compensation of em ployees by industry, taxes on production and imports less subsidies, and gross operating surplus. Intermediate inputs, or the secondary factors of production, consist of the energy, materials, and purchased-services inputs that are used in each industry’s production process. Initial es timates of value added and of intermediate inputs by in dustry were prepared using economic census and annual survey data on business expenses, data from the NIPAs for the components of value added, the BLS quarterly census of employment and wages program for estimates of wages and salaries and of supplements to wages and salaries, and the Treasury Department SOI for taxes and other business income estimates. Step 4. Reconciliation of value added and intermedi ate inputs by industr y. The reconciliation of value added and of intermediate inputs by industry produces a com bined measure of value added by industry, where the weights are determined by the relative variances of each initial estimate.2 Two initial estimates of value added by industry at the 65 industry level are prepared: (1) a resid ual estimate of value added by industry that is calculated as the difference between gross output and intermediate inputs by industry and (2) a direct estimate of value added by industry that is calculated as the sum of the es tablishment-based distribution of gross domestic in come from the NIPAs. In the reconciliation model, initial estimates of intermediate inputs by commodity and by industry and initial estimates of the components of gross operating surplus are assigned a reliability indicator from two sources: (1) coefficients of variation, which measure sampling errors, from the source data provided by the Census Bureau and the Internal Revenue Service and (2) qualitative reliability weights determined by cri teria that indicate the relative quality of underlying data for which there are no coefficients of variation. The rec onciliation method makes adjustments to the initial esti mates based on the strengths and limitations of the data that underlie those estimates.3 Step 5. Benchmark year balancing. The benchmark 2. For a detailed description of the model used to reconcile value added by industry, see Dylan G. Rassier, Thomas F. Howells III, Edward T. Morgan, Nicholas R. Empey, and Conrad E. Roesch, “Integrating the 2002 Benchmark Input-Output Accounts and the 2002 Annual Industry Accounts,” SURVEY 87 (December 2007): 14–22. 3. Essentially, the reconciliation produces a weighted average of the two ini tial estimates, in which initial estimates that are considered relatively weak are adjusted more than initial estimates that are considered relatively reliable. In other words, the reconciliation results for a given industry are closer to the ini tial estimate that has the highest relative quality. 14 Industry Economic Accounts February 2014 Methodology for the Industry Economic Accounts year use table is balanced using a biproportional adjust ment procedure that sequentially adjusts the columns and rows of the use table to a set of predetermined con trols, including reconciled value added by industry, final expenditures by commodity, and GDP as measured as the sum of final expenditures. Balancing also ensures that the sum of value added by industry equals GDP, in termediate inputs by commodity and final use of com modities are consistent with domestic supply, and intermediate inputs and value added by industry are consistent with gross output by industry. Step 6. Annual domestic supply. A time series of an nual domestic supply is prepared by calculating annual estimates of domestic output by commodity and indus try, changes in private inventories, and estimates of ex ports and imports by commodity. Domestic output is estimated, where available, using annual survey data from the Census Bureau, but it is supplemented with a wide array of public and private sector data sources. Changes in private inventories are based on data from the NIPAs; exports and imports were based on interna tional trade statistics from the Census Bureau and on data from the BEA’s international transactions accounts. Step 7. Annual estimates of initial intermediate in puts and final expenditures. The distribution of initial intermediate inputs and final expenditures by commod ity are based on the most recent available annual use ta ble. For years in which a use table has been previously published, the initial intermediate inputs and final ex penditures for that year are based on previously pub lished details; for years in which a use table has not been published, the most recent year that is available is used to create initial estimates for the most recent estimate year. 4 Initial estimates for intermediate inputs are then updated based on broad business expense data from the Census Bureau annual surveys and from other sources. Interme diate inputs and final expenditures by commodity are later updated as part of balancing the use table to a set of control totals that include domestic supply, industry and commodity output from the make table, value added by industry, final expenditure by category, and GDP from the NIPAs. Step 8. Annual estimates of initial value added by in dustry. Initial estimates of current-dollar value added by industry were prepared using distributions by industry 4. For example, in this revision, the year 2012 is estimated for the first time using as initial estimates the use table for the year 2011. Next annual revision, 2012 will be re-estimated using as initial estimates the use table published in this revision for 2012. of gross domestic income from the NIPAs. Corporate data from the NIPAs were converted from an enterprise basis to an establishment basis using a cross-tabulation of employment data by company and establishment that is available for economic census years. Initial estimates of value added by industry are later updated as part of bal ancing the use table to a set of control totals that include domestic supply, industry and commodity output from the make table, initial value added and intermediate in puts by industry, final expenditure by category, and GDP from the NIPAs. Step 9. Annual balancing. The annual use tables are balanced using a biproportional adjustment procedure that sequentially adjusts the columns and rows of the Use table to a set of predetermined controls, including initial value added and intermediate inputs by industry, final expenditures by category, and GDP as measured by the sum of final expenditures from the NIPAs. The balancing also ensures that the sum of value added by industry equals GDP, intermediate inputs by commodity and final use of commodities are consistent with domestic supply, and intermediate inputs and value added by industry are consistent with gross output by industry. Step 10. Price and quantity indexes for GDP by in dustry and for KLEMS statistics. Price and quantity in dexes for GDP by industry and KLEMS statistics are prepared in three steps. First, indexes are derived for gross output by deflating each commodity produced by an industry that is included as part of its gross output from the make table. Second, indexes for intermediate inputs are derived by deflating all commodities that are consumed by an industry as intermediate inputs, from the use table. Domestic and international sources of in termediate inputs are deflated separately through the use of the import proportionality, or comparability, assump tion. Third, indexes for value added by industry are cal culated using the double-deflation method in which real value added is computed as the difference between real gross output and real intermediate inputs within a Fisher index-number framework.5 5. For details on the Fisher index number framework for computing real value added by industry, see the technical appendix in Brian C. Moyer, Mark A. Planting, Mahnaz Fahim Nader, and Sherlene K.S. Lum, “Preview of the Comprehensive Revision of the Annual Industry Accounts: Integrating the Annual Input-Output Accounts and the Gross Domestic Product by Industry Accounts,” SURVEY 84 (March 2004): 38–51. For details on computing contributions to growth by industry, see Brian C. Moyer, Mark A. Planting, Paul V. Kern, and Abigail M. Kish, “Improved Annual Industry Accounts for 1998–2003: Integrated Annual Input-Output Accounts and Gross Domestic Product by industry Accounts,” SURVEY 84 (June 2004): 21–57. SURVEY OF CURRENT BUSINESS February 2014 15 Principal Sources of Data H. Principal Sources of Data for Industry and Commodity Output and Prices—Continues Industry and commodity Source data for annual current-dollar statistics Source data for price indexes Agriculture, forestry, fishing, and hunting Farms U.S. Department of Agriculture (USDA) data and farm output from the national income and USDA prices received by farmer; Bureau of Labor Sta product accounts (NIPAs). tistics (BLS) Producer Price Index (PPI). Forestry, fishing, and related For forestry, new NIPA farm output; for logging and forestry support activities, Census Bureau BLS PPI; NIPA personal consumption expenditures activities annual survey of manufactures (ASM), Census Bureau manufacturers’ shipments, invento (PCE) price indexes; USDA/National Agricultural Sta ries, and orders survey (M3) data; for fishing, hunting and trapping, National Oceanic and tistics Service unit prices. Atmospheric Administration commercial landings and export value. Mining Oil and gas extraction Mining, except oil and gas Suppor t activities for mining Utilities Construction Residential Nonresidential Energy Information Administration (EIA) data on quantities produced and on prices. BLS PPI and EIA. For coal mining, EIA U.S. Coal Supply and Demand in Review; for Uranium, EIA Uranium EIA, USGS, and BLS PPI. Marketing Annual Repor t, for all other, U.S. Geological Survey (USGS) Mineral Commodity Summaries. For mining exploration, trade source data on drilling costs and footage drilled; all other sup- EIA, USGS, BLS PPI, and trade sources. por t activities, USGS Mineral Commodity Summaries. For power generation and supply, EIA forms 861 and 826; for natural gas distribution, EIA BLS Consumer Price Index (CPI) and BLS PPI. Natural Gas Monthly; for water, sewage and other systems, Census Bureau service annual survey (SAS). Census Bureau construction spending (value-putin-place) survey. Census Bureau price deflator for new single-family houses under construction and BEA price index for multifamily home construction. Census Bureau construction spending (value-putin-place) survey, U.S. Depar tment of BEA composite price indexes based on cost per square Defense (DOD) expenditures, USDA expenditures, and BLS occupational employment sta foot and on cost indexes from trade source data and tistics. Census Bureau price deflator for single-family houses under construction; BLS PPI. Manufacturing Census Bureau M3 shipments and inventories data, ASM data, and nonemployer survey data. BLS PPI, NIPA price indexes based on DOD prices paid for military equipment, and NIPA hedonic price indexes. Wholesale trade Census Bureau monthly wholesale trade survey data and annual wholesale trade survey data. BLS PPI and NIPA sales deflators. Retail trade Census Bureau monthly retail trade survey data and annual retail trade survey (ARTS) data. BLS PPI and NIPA sales deflators. Transportation and warehousing Air transpor tation Bureau of Transpor tation Statistics (BTS) Air Carrier Financial Statistics (ACFS) and Air Carrier Traffic Statistics (ACTS) and BEA foreign trade statistics. Rail transportation For rail passenger, Amtrak Annual Repor t; for rail freight, Department of Transportation (DOT) Surface Transportation Board (STB) selected earnings data. Water transportation For freight and passenger transpor tation except deep sea transpor tation, Census Bureau SAS data; for deep sea freight transportation, BLS quar terly census of employment and wages (QCEW) data; for deep sea passenger transportation, NIPA PCE. Truck transportation Census Bureau SAS data. Transit and ground passenger Census Bureau SAS data and PCE for ground passenger transportation. transpor tation Pipeline transportation Census Bureau SAS data, Federal Energy Regulatory Commission oil pipeline index, and EIA natural gas annual repor t. Other transpor tation and suppor t Census Bureau SAS data, American Public Transportation Association, BTS, ACFS, STB, activities BLS QCEW, NIPA PCE, and trade source data for receipts. Warehousing and storage Census Bureau SAS data. Information Publishing industries, except Internet (includes software) Motion picture and sound recording industries Broadcasting and telecommunications Data processing, Internet publishing, and other information services Finance and insurance Federal Reserve banks, credit intermediation, and related activities BLS PPI. BLS PPI. For freight, BLS PPI; for passenger, BLS CPI. BLS PPI. BLS PPI and PCE price indexes. BLS PPI. BLS PPI and PCE price indexes. BLS PPI. Census Bureau SAS data. BLS PPI and BEA price indexes for software. Census Bureau SAS data. PCE price indexes. Census Bureau SAS data. BLS PPI. Census Bureau SAS data. BLS PPI and PCE price indexes. Census Bureau SAS data, Federal Deposit Insurance Corporation commercial bank call BLS PPI, FRB-priced ser vices, and PCE price indexes. report data, Federal Reserve Board (FRB) data, National Credit Union Administration, Office of Thrift Supervision data, and NIPA measures of financial services indirectly mea sured. Securities, commodity contracts, Securities and Exchange Commission Focus Report and Census Bureau SAS data; BLS BLS PPI, PCE price indexes based on BLS CPI and and investments QCEW data for auxiliary industries. PPI. Insurance carriers and related For property and casualty insurance, life insurance, and reinsurance, private trade source BLS PPI and PCE price indexes. activities data and Census Bureau SAS data; for medical and hospitalization insurance, private trade source data and NIPA statistics on medical and hospital insurance premiums. Industry Economic Accounts 16 February 2014 Principal Sources of Data H. Principal Sources of Data for Industry and Commodity Output and Prices—Table Ends Industry and commodity Source data for annual current-dollar statistics Source data for price indexes Funds, trusts, and other financial NIPA imputed service charges for other financial institutions and Employee Benefits Security PCE price indexes. vehicles Administration data on pension funds. Real estate and rental and leasing Real estate For residential dwellings, NIPA housing data and USDA data on farm housing; for nonresiden For residential dwellings, PCE price indexes and NIPA farm rents paid; for nonresidential dwellings, BLS PPI; tial dwellings, new Internal Revenue Service (IRS) tabulations of business tax returns, NIPA for real estate managers and agents, BLS PPI and rental value of buildings owned by nonprofits, and NIPA foreign trade statistics. trade source data. BLS PPI, BTS and construction index, mining, crude oil Rental and leasing services and For rental and leasing services, Census Bureau SAS data; for royalties, IRS tabulations of lessors of intangible assets receipts. business tax returns. Professional, scientific, and technical services Legal services Census Bureau SAS data. Computer systems design and Census Bureau SAS data. related services Miscellaneous professional, Census Bureau SAS data. scientific, and technical services BLS PPI and PCE price indexes. BEA price indexes for software. BLS PPI and PCE price indexes. Management of companies and enterprises BLS QCEW data. BLS PPI. Administrative and waste management services Census Bureau SAS data; BLS QCEW data for auxiliary industries. BLS PPI and QCEW. Educational services PCE data for education services based on data from the Department of Education and data from BLS consumer expenditure survey. PCE price indexes. Health care and social assistance Census Bureau SAS data. PCE price indexes and BLS PPI. Arts, entertainment, and recreation Census Bureau SAS data. PCE price indexes. Accommodation and food services Accommodations For hotels and motels, PCE; for all other traveler accommodations and bed and breakfasts, BLS QCEW data. Food services and drinking Census Bureau ARTS data. places Other services, except government Federal General government Government enterprises State and local General government Government enterprises BLS PPI and PCE price indexes. BLS PPI. For religious, grant making, civic, and other nonprofit services, for personal services, and for PCE price indexes. dry cleaning services, Census Bureau SAS data, PCE, and data from the National Center for Charitable Statistics; for repair and maintenance, BLS QCEW; for private household ser vices, PCE. NIPA government expenditure statistics; for federal structures, DOD investment expenditures. NIPA price indexes based on BLS PPI and CPI; for mili tary facilities, DOD data on employment, prices for military construction, and construction cost indexes from trade sources. U.S. Postal Service receipts, EIA data for electric utilities, Overseas Private Investment Cor poration, and Federal Housing Administration data; gover nment agency data for specific federal enter prises. BLS PPI. NIPA government expenditure statistics. BLS PPI and PCE price indexes. NIPA statistics on government enterprises based on the Census Bureau annual survey of BLS PPI. government finances; for Alaskan ferries, waterpor ts, and airpor ts, Alaska Railroad Admin istration; for electric utilities, EIA data; for state and local government structures, Census Bureau construction spending (value-putin-place) survey. February 2014 SURVEY OF CURRENT BUSINESS 17 Principal Sources of Data I. Principal Sources of Data for Value Added—Continues Component of gross domestic income Compensation of employees, paid Wages and salary accruals 1 Supplements to wages and salaries Employer contributions for employee pension and insurance funds Employer contributions for government social insurance Major source data Distribution available in source data Industry distribution Data or assumption if distribution is not available For most private industries, federal government civilians, and state and local government, Establishment. Bureau of Labor Statistics (BLS) tabulations from the quarterly census of employment and wages (QCEW); for other private industries, a variety of sources; for militar y wages, Office of Personnel Management (OPM). For health insurance, Depar tment of Health and Human Services medical expenditure panel For pension BLS employer cost index survey data; for private pension plans, Pension Benefit Guaranty Corporation and corporate plans, com and BLS QCEW. financial data and Depar tment of Labor tabulations of Internal Revenue Service (IRS) Form pany; for the 5500; for federal retirement plans, outlays from the Treasury Depar tment Monthly Treasury others, Statement; for state and local government plans, Census Bureau annual survey of state and none. local government financial data; for other types of funds, trade association data and judgmen tal trend. Tabulations from the Social Security Administration (SSA) and other agencies that administer social insurance programs. None. SSA and BLS tabulations. Taxes on production and imports less subsidies Taxes on production and impor ts For state and local government, Census Bureau data; for federal government excise taxes, Alco None. hol and Tobacco Tax and Trade Bureau collections and IRS data; for customs duties, Treasury Depar tment Monthly Treasury Statement. Subsidies For federal government, U.S. Department of Agriculture (USDA) Commodity Credit Corporation None. subsidy payments and Office of Management and Budget (OMB) of the United States; for state and local government, Census Bureau and Califor nia administrative records. Payments are assigned to the industries receiving the subsidies. Gross operating surplus Private enterprises Net interest and miscellaneous payments, domestic industries Corporate Federal Financial Institutions Examination Council (FFIEC) call repor t data on commercial Company. banks, trade association data, and IRS tabulations from corporate tax returns (Form 1120 series), adjusted for misrepor ting on tax returns and for conceptual differences. FFIEC call repor t data on commercial banks, Federal Reserve Board (FRB) mor tgage debt Noncorporate Company. times BEA interest rate for residential mor tgage interest, IRS tabulations of tax return data from sole proprietorships (Form 1040 Schedule C) and par tnerships (Form 1065), adjusted for misrepor ting on tax returns and for conceptual differences. For government, OMB Budget of the United States and Census Bureau Census of Governments Company. Business current transfer payments (net) and annual surveys; for persons, IRS tabulations from business tax returns and information from government agency repor ts and trade sources. Proprietors’ income with inventory valuation adjustment (IVA) and without capital consumption adjustment (CCAdj) USDA farm income data. Farm Nonfarm Indicators of activity, such as construction spending (value put in place) for construction, trade, Proprietors’ income without inventory valuation and capital and services; for others, IRS tabulations of tax returns from sole proprietorships (Form 1040 consumption adjustments Schedule C) and partnerships (Form 1065), adjusted for misreporting on tax returns and for conceptual differences. BLS prices, Census Bureau monthly surveys and Quarterly Financial Report, and IRS inventory Inventory valuation adjustment data. Census Bureau data on housing units and rents from the american housing survey and the cur Rental income of persons without capital consumption adjustment rent population survey/housing vacancy survey, FRB mor tgage debt data, BEA interest rate data, and USDA data; for royalties, judgmental trend, IRS tabulations of data from individual tax returns (Form 1040). 1. Includes wages and salaries to the rest of the world and excludes wages and salaries received from the rest of the world. Census Bureau companyestablishment employ ment matrix. Assumed to be equivalent to an establishment dis tribution. Industry-specific pay ments are assigned to the industries; others are based on IRS com pany-industry distribu tion. Establishment. Company. Establishment/ company. Establishment. Assumed to be equivalent to an establishment dis tribution. Industry Economic Accounts 18 February 2014 Principal Sources of Data I. Principal Sources of Data for Value Added—Table Ends Component of gross domestic income Major source data Distribution available in source data Industry distribution Data or assumption if distribution is not available Corporate profits before tax with inventory valuation adjustment and without capital consumption adjustment, domestic industries Corporate profits before tax without Census Bureau data from the Quar terly Financial Repor t, regulatory agency repor ts, and public Company. Census Bureau company inventory valuation and capital financial statements and IRS tabulations from cor porate tax retur ns (For m 1120 series), establishment employconsumption adjustments adjusted for misreporting on tax returns and for conceptual differences. ment matrix. BLS prices, Census Bureau monthly surveys and Quarterly Financial Repor t, and IRS inventor y Establishment/ Inventory valuation adjustment data. company. Capital consumption allowances BEA estimates of tax-return-based depreciation and IRS tabulations from corporate tax returns Company. Census Bureau company Corporate (Form 1120 series), adjusted for misrepor ting on tax returns and for conceptual differences. establishment employ ment matrix. BEA estimates of tax-return-based depreciation and IRS tabulations of tax return data from sole Company. Assumed to be equivalent Noncorporate proprietorships (Form 1040 Schedule C) and par tnerships (Form 1065), adjusted for misre to an establishment dis porting on tax returns and for conceptual differences. tribution. Current surplus of government enterprises For federal government, reports from various agencies and BEA consumption of fixed capital; for Establishment. state and local governments, Census Bureau surveys of government finances. Consumption of fixed capital Households and institutions 2 Perpetual-inventor y method, based on gross investment estimates and on investment prices. Establishment. Government Perpetual-inventor y method, based on gross investment estimates and on investment prices. Type of agency. 2. Consists of owner-occupied housing and nonprofit institutions primarily serving households. February 2014 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 SURVEY OF CURRENT BUSINESS 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–22 3. Government current receipts and expenditures ... D–27 4. Foreign transactions ............................................... D–40 5. Saving and investment ........................................... D–44 6. Income and employment by industry ................... D–51 7. Supplemental tables................................................ D–52 B. NIPA-related table B.1 Personal income and its disposition [A, M] ....... D–56 C. Historical measures [A, Q] C.1 GDP and other major NIPA aggregates..............D–57 D. Charts Selected NIPA series ................................................... D–61 Industry Data E. Industry table E.1 Value added by industry [A]................................ D–67 International Data F. Transactions table F.1 U.S. international transactions in goods and services [A, M] ........................................... D–68 F.2 U.S. international transactions [A, Q]................. D–69 F.3 U.S. international transactions by area [Q]......... D–70 F.4 Private services transactions [A] .......................... D–73 G. Investment tables [A] G.1 U.S. international investment position .............. D–74 G.2 USDIA: Selected items ........................................ D–75 G.3 Selected financial and operating data of foreign affiliates of U.S. companies............................ D–76 G.4 FDIUS: Selected items ......................................... D–77 G.5 Selected financial and operating data of U.S. affiliates of foreign companies....................... D–78 H. Charts The United States in the international economy ...... D–79 Regional Data I. State and regional tables I.1 Personal income [Q] ............................................. D–80 I.2 Personal income and per capita personal income [A].......................................... D–81 I.3 Disposable personal income and per capita disposable personal income [A] ....................... D–82 I.4 Gross domestic product by state [A].................... D–83 J. Local area tables J.1 Personal income and per capita personal income by metropolitan area [A] .................................. D–84 J.2 Gross domestic product by metropolitan area for industries [A] ............................................... D–89 K. Charts Selected regional estimates......................................... D–93 Appendixes A. Additional information about the NIPA estimates Statistical conventions ................................................ D–95 Reconciliation table [A, Q] ........................................ D–96 B. Suggested reading ............................................... D–97 D–2 February 2014 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, 2014. These estimates include the advance estimates for the fourth quarter of 2013 and the initial annual estimates for 2013. The selected set presents quarterly estimates that are updated monthly. Annual estimates are presented in most of the tables. Estimates for all NIPA series for 1929 forward are on BEA’s Web site at www.bea.gov. The GDP news release is available on BEA’s Web site within minutes after the release. To receive an e-mail no tification 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 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product Table 1.1.2. Contributions to Percent Change in Real Gross Domestic Product [Percent] Seasonally adjusted at annual rates Seasonally adjusted at annual rates Line 2012 2013 2012 IV Gross domestic product ........ Personal consumption expenditures ............................... Goods ........................................... Durable goods .......................... Nondurable goods .................... Services ....................................... Gross private domestic investment................................... Fixed investment........................... Nonresidential .......................... Structures ............................. Equipment ............................ Intellectual property products Residential................................ Change in private inventories ....... Net exports of goods and services Exports ......................................... Goods ....................................... Services ................................... Impor ts ......................................... Goods ....................................... Services ................................... Government consumption expenditures and gross investment................................... Federal ......................................... National defense....................... Nondefense .............................. State and local.............................. Addendum: Gross domestic product, current dollars ....................................... Line 2013 I II III 2012 2013 IV IV 1 2.8 1.9 0.1 1.1 2.5 4.1 3.2 2 3 4 5 6 2.2 3.3 7.7 1.4 1.6 2.0 3.7 7.1 2.1 1.2 1.7 3.7 10.5 0.6 0.6 2.3 3.7 5.8 2.7 1.5 1.8 3.1 6.2 1.6 1.2 2.0 4.5 7.9 2.9 0.7 3.3 4.9 5.9 4.4 2.5 7 9.5 5.4 –2.4 4.7 9.2 17.2 3.4 8 8.3 4.3 11.6 –1.5 6.5 5.9 0.9 9 7.3 2.6 9.8 –4.6 4.7 4.8 3.8 10 12.7 1.3 17.6 –25.7 17.6 13.4 –1.2 11 7.6 2.9 8.9 1.6 3.3 0.2 6.9 12 3.4 3.1 5.7 3.7 –1.5 5.8 3.2 13 12.9 12.0 19.8 12.5 14.2 10.3 –9.8 14 ............ ............ ............. ............ ............. ............ ............. 15 ............ ............ ............. ............ ............. ............ ............. 16 3.5 2.8 1.1 –1.3 8.0 3.9 11.4 17 3.8 2.5 –3.0 –2.8 9.4 5.6 15.1 18 3.0 3.4 11.3 2.2 4.8 0.1 3.4 19 2.2 1.4 –3.1 0.6 6.9 2.4 0.9 20 2.1 1.2 –3.5 –0.2 7.5 2.4 0.8 21 2.7 2.5 –1.0 5.0 4.0 2.5 1.5 22 23 24 25 26 –1.0 –1.4 –3.2 1.8 –0.7 –2.2 –5.1 –7.0 –2.0 –0.2 –6.5 –13.9 –21.6 1.0 –1.0 –4.2 –8.4 –11.2 –3.6 –1.3 –0.4 –1.6 –0.6 –3.1 0.4 0.4 –1.5 –0.5 –3.1 1.7 –4.9 –12.6 –14.0 –10.3 0.5 27 4.6 3.4 1.6 2.8 3.1 6.2 4.6 2012 Percent change at annual rate: Gross domestic product ........ Percentage points at annual rates: Personal consumption expenditures ............................... Goods ........................................... Durable goods .......................... Nondurable goods .................... Services ........................................ Gross private domestic investment ................................... Fixed investment ........................... Nonresidential........................... Structures ............................. Equipment ............................ Intellectual property products 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 .............................. 2013 I II III IV 1 2.8 1.9 0.1 1.1 2.5 4.1 3.2 2 3 4 5 6 1.52 0.77 0.56 0.22 0.74 1.37 0.84 0.52 0.32 0.53 1.13 0.85 0.74 0.10 0.29 1.54 0.85 0.43 0.43 0.69 1.24 0.71 0.46 0.26 0.53 1.36 1.03 0.58 0.46 0.32 2.26 1.12 0.44 0.68 1.14 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 1.36 1.17 0.85 0.31 0.41 0.13 0.32 0.20 0.10 0.48 0.36 0.12 –0.38 –0.30 –0.07 0.83 0.64 0.32 0.04 0.16 0.12 0.33 0.19 0.14 0.38 0.24 0.14 –0.23 –0.16 –0.07 –0.36 1.63 1.13 0.44 0.47 0.21 0.50 –2.00 0.68 0.15 –0.28 0.43 0.53 0.50 0.03 0.71 –0.23 –0.57 –0.80 0.09 0.14 0.34 0.93 –0.28 –0.18 –0.27 0.09 –0.10 0.03 –0.13 1.38 0.96 0.56 0.43 0.18 –0.06 0.40 0.41 –0.07 1.04 0.84 0.20 –1.10 –1.00 –0.11 2.56 0.89 0.58 0.35 0.02 0.22 0.31 1.67 0.14 0.52 0.52 0.01 –0.39 –0.32 –0.07 0.56 0.14 0.46 –0.03 0.38 0.12 –0.32 0.42 1.33 1.48 1.34 0.14 –0.15 –0.11 –0.04 22 23 24 25 26 –0.20 –0.12 –0.17 0.05 –0.08 –0.43 –0.41 –0.35 –0.06 –0.02 –1.31 –1.19 –1.22 0.03 –0.12 –0.82 –0.68 –0.57 –0.11 –0.14 –0.07 –0.12 –0.03 –0.09 0.05 0.08 –0.11 –0.02 –0.09 0.19 –0.93 –0.98 –0.68 –0.30 0.06 SURVEY OF CURRENT BUSINESS February 2014 D–3 Table 1.1.3. Real Gross Domestic Product, Quantity Indexes Table 1.1.4. Price Indexes for Gross Domestic Product [Index numbers, 2009=100] [Index numbers, 2009=100] Seasonally adjusted Seasonally adjusted Line 2012 2013 2012 Gross domestic product Personal consumption expenditures ....................... Goods ................................... Durable goods .................. Nondurable goods ............ Services ............................... Gross private domestic investment........................... Fixed investment................... Nonresidential .................. Structures ..................... Equipment .................... Intellectual property products ................... Residential........................ Change in private inventories Net exports of goods and services ............................... Exports ................................. Goods ............................... Services ........................... Impor ts ................................. Goods ............................... Services ........................... Government consumption expenditures and gross investment........................... Federal ................................. National defense............... Nondefense ...................... State and local...................... Line 2013 IV I II III 1 107.302 109.358 107.780 108.087 108.751 109.859 110.734 2 3 4 5 6 106.854 110.495 121.833 105.594 105.090 108.994 114.556 130.541 107.771 106.307 107.537 111.904 125.591 106.047 105.421 108.138 112.928 127.379 106.762 105.818 108.625 113.793 129.309 107.197 106.125 109.156 115.057 131.785 107.973 106.308 110.057 116.446 133.690 109.152 106.978 7 8 9 10 11 129.705 116.766 118.263 96.212 140.604 136.728 121.836 121.346 97.451 144.685 130.012 119.914 120.717 100.282 142.609 131.521 119.467 119.318 93.090 143.175 134.440 121.362 120.685 96.943 144.326 139.883 123.119 122.114 100.042 144.401 141.070 123.395 123.267 99.730 146.837 12 109.962 113.353 111.617 112.648 112.235 113.815 114.715 13 110.581 123.902 116.635 120.123 124.180 127.267 124.037 14 .............. .............. ............. .............. .............. ............. .............. 15 16 17 18 19 20 21 .............. 123.590 127.100 116.297 120.860 123.750 108.779 .............. 127.060 130.335 120.293 122.546 125.219 111.464 ............. 124.196 127.038 118.321 120.398 123.170 108.855 .............. 123.781 126.126 118.961 120.584 123.098 110.197 .............. 126.181 128.995 120.372 122.615 125.341 111.296 ............. 127.389 130.764 120.410 123.347 126.087 111.977 2012 2013 .............. 130.888 135.456 121.428 123.638 126.350 112.389 22 95.921 93.800 95.135 94.117 94.024 94.117 92.941 23 100.212 95.059 98.455 96.315 95.933 95.581 92.409 24 97.562 90.727 94.506 91.731 91.592 91.488 88.098 25 105.068 103.019 105.708 104.740 103.910 103.098 100.327 26 93.128 92.963 92.966 92.672 92.765 93.147 93.268 2012 2013 IV IV Gross domestic product Personal consumption expenditures ....................... Goods ................................... Durable goods .................. Nondurable goods ............ Services ................................ Gross private domestic investment ........................... Fixed investment ................... Nonresidential ................... Structures ..................... Equipment .................... Intellectual property products .................... 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 ...................... I II III 2 3 4 5 6 106.009 106.666 96.467 111.765 105.689 107.187 106.140 94.708 111.927 107.740 106.622 106.900 95.746 112.522 106.493 106.909 106.641 95.487 112.264 107.060 106.878 105.740 95.016 111.126 107.477 107.387 106.326 94.456 112.362 107.946 107.573 105.853 93.871 111.958 108.477 7 8 9 10 11 101.646 101.852 101.977 103.732 100.187 103.415 103.781 103.168 106.887 100.549 102.196 102.386 102.350 104.164 100.673 102.726 102.967 102.692 105.189 100.601 103.206 103.478 103.008 106.521 100.500 103.641 103.982 103.303 107.347 100.578 104.086 104.699 103.669 108.491 100.520 12 103.169 104.247 103.325 103.816 104.071 104.322 104.777 13 101.246 106.277 102.500 104.088 105.396 106.739 108.886 14 .............. ............. .............. .............. ............. .............. .............. 15 16 17 18 19 20 21 .............. 112.185 113.507 109.312 114.862 116.855 105.895 ............. 112.415 113.150 110.842 113.810 115.468 106.378 .............. 112.543 113.731 109.974 114.725 116.592 106.336 .............. 112.944 114.060 110.531 114.873 116.779 106.309 ............. 112.034 112.771 110.451 113.411 115.028 106.165 .............. 112.303 112.921 110.981 113.480 115.140 106.033 .............. 112.381 112.847 111.403 113.476 114.924 107.007 22 23 24 25 26 106.882 106.184 106.252 106.077 107.371 107.869 107.669 107.812 107.428 108.026 107.209 106.370 106.542 106.081 107.798 107.454 107.007 107.283 106.549 107.775 107.485 107.229 107.512 106.760 107.676 107.916 107.504 107.784 107.040 108.213 108.622 108.938 108.668 109.365 108.441 Table 1.1.5. Gross Domestic Product Table 1.1.6. Real Gross Domestic Product, Chained Dollars [Billions of dollars] [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates Line 2012 2013 2012 IV Gross domestic product Personal consumption expenditures ....................... Goods ................................... Durable goods .................. Nondurable goods ............ Services ............................... Gross private domestic investment........................... Fixed investment................... Nonresidential .................. Structures ..................... Equipment .................... Intellectual proper ty products ................... Residential........................ Change in private inventories Net exports of goods and services ............................... Expor ts ................................. Goods ............................... Services ........................... Imports ................................. Goods ............................... Services ........................... Government consumption expenditures and gross investment........................... Federal ................................. National defense............... Nondefense ...................... State and local...................... Line 2013 I II III IV 1 105.008 106.467 105.640 105.994 106.165 106.685 107.024 2012 2013 IV IV 1 16,244.6 16,803.0 16,420.3 16,535.3 16,661.0 16,912.9 17,102.5 2 11,149.6 11,499.3 11,285.5 11,379.2 11,427.1 11,537.7 11,653.1 3 3,769.7 3,888.9 3,826.1 3,851.8 3,848.5 3,912.8 3,942.4 4 1,202.7 1,265.2 1,230.7 1,244.8 1,257.5 1,274.0 1,284.4 5 2,567.0 2,623.7 2,595.4 2,607.0 2,591.0 2,638.8 2,658.0 6 7,379.9 7,610.4 7,459.4 7,527.4 7,578.6 7,624.8 7,710.6 7 8 9 10 11 2,475.2 2,409.1 1,970.0 437.3 907.6 2,672.0 2,561.4 2,045.0 456.6 937.3 2,499.9 2,486.9 2,018.2 457.8 925.0 2,555.1 2,491.7 2,001.4 429.1 928.0 2,621.0 2,543.8 2,030.6 452.6 934.6 2,738.0 2,593.2 2,060.5 470.7 935.8 2,773.7 2,616.9 2,087.4 474.2 951.0 12 13 14 625.0 439.2 66.1 651.0 516.4 110.5 635.4 468.8 13.0 644.3 490.3 63.4 643.5 513.2 77.2 654.1 532.6 144.8 662.2 529.6 156.7 15 16 17 18 19 20 21 –547.2 2,195.9 1,536.0 659.9 2,743.1 2,295.4 447.7 –493.8 2,262.2 1,570.0 692.2 2,755.9 2,295.0 460.9 –515.8 2,213.7 1,538.3 675.5 2,729.5 2,279.6 449.9 –523.1 2,214.2 1,531.6 682.6 2,737.3 2,281.9 455.3 –509.0 2,238.9 1,548.8 690.2 2,747.9 2,288.7 459.3 –500.2 2,265.8 1,572.1 693.7 2,766.0 2,304.5 461.5 –442.8 2,329.7 1,627.4 702.2 2,772.5 2,305.0 467.5 22 23 24 25 26 3,167.0 1,295.7 817.1 478.6 1,871.3 3,125.5 1,246.2 771.0 475.1 1,879.4 3,150.7 1,275.2 793.7 481.5 1,875.4 3,124.1 1,255.0 775.8 479.2 1,869.1 3,121.9 1,252.6 776.3 476.3 1,869.3 3,137.5 1,251.2 777.3 473.9 1,886.3 3,118.6 1,225.8 754.7 471.1 1,892.7 2012 Gross domestic product Personal consumption expenditures ....................... Goods ................................... Durable goods .................. Nondurable goods ............ Services ................................ Gross private domestic investment ........................... Fixed investment ................... Nonresidential ................... Structures ..................... Equipment .................... Intellectual property products .................... Residential ........................ Change in private inventories Net exports of goods and services ............................... Exports ................................. Goods ............................... Services ............................ Imports.................................. Goods ............................... Services ............................ Government consumption expenditures and gross investment ........................... Federal .................................. National defense ............... Nondefense ...................... State and local ...................... Residual .................................... 2013 I II III IV 1 15,470.7 15,767.1 15,539.6 15,583.9 15,679.7 15,839.3 15,965.6 2 10,517.6 10,728.2 10,584.8 10,644.0 10,691.9 10,744.2 10,832.8 3 3,534.1 3,664.0 3,579.2 3,611.9 3,639.6 3,680.0 3,724.5 4 1,246.7 1,335.8 1,285.2 1,303.5 1,323.2 1,348.6 1,368.1 5 2,296.8 2,344.2 2,306.7 2,322.2 2,331.7 2,348.6 2,374.2 6 6,982.7 7,063.6 7,004.7 7,031.1 7,051.5 7,063.6 7,108.2 7 8 9 10 11 2,436.0 2,365.3 1,931.8 421.6 905.9 2,567.9 2,468.0 1,982.1 427.0 932.2 2,441.8 2,429.1 1,971.9 439.4 918.8 2,470.1 2,420.0 1,949.0 407.9 922.5 2,524.9 2,458.4 1,971.3 424.8 929.9 2,627.2 2,494.0 1,994.7 438.4 930.4 2,649.4 2,499.6 2,013.5 437.0 946.1 12 13 14 605.8 433.7 57.6 624.5 486.0 85.4 614.9 457.5 7.3 620.6 471.2 42.2 618.3 487.1 56.6 627.0 499.2 115.7 632.0 486.5 127.2 15 16 17 18 19 20 21 –430.8 1,957.4 1,353.2 603.7 2,388.2 1,964.3 422.8 –409.1 2,012.4 1,387.7 624.5 2,421.5 1,987.6 433.3 –412.1 1,967.0 1,352.6 614.2 2,379.1 1,955.1 423.1 –422.3 1,960.5 1,342.8 617.5 2,382.7 1,954.0 428.3 –424.4 1,998.4 1,373.4 624.9 2,422.9 1,989.6 432.6 –419.8 2,017.6 1,392.2 625.1 2,437.3 2,001.4 435.2 –370.1 2,073.0 1,442.2 630.3 2,443.1 2,005.6 436.8 22 23 24 25 26 27 2,963.1 1,220.3 769.1 451.2 1,742.8 –13.0 2,897.6 1,157.5 715.2 442.4 1,739.7 –20.2 2,938.8 1,198.9 745.0 453.9 1,739.8 –22.2 2,907.4 1,172.8 723.1 449.8 1,734.3 –22.5 2,904.5 1,168.2 722.0 446.2 1,736.0 –23.7 2,907.4 1,163.9 721.2 442.7 1,743.2 –20.0 2,871.0 1,125.2 694.5 430.8 1,745.4 –14.5 NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. National Data D–4 Table 1.1.7. Percent Change From Preceding Period in Prices for Gross Domestic Product February 2014 Table 1.1.8. Contributions to Percent Change in the Gross Domestic Product Price Index [Percent] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Gross domestic product Personal consumption expenditures ....................... Goods ................................... Durable goods .................. Nondurable goods ............ Services ............................... Gross private domestic investment........................... Fixed investment................... Nonresidential .................. Structures ..................... Equipment .................... Intellectual proper ty products ................... Residential........................ Change in private inventories Net exports of goods and services ............................... Exports ................................. Goods ............................... Services ........................... Impor ts ................................. Goods ............................... Services ........................... Government consumption expenditures and gross investment........................... Federal ................................. National defense............... Nondefense ...................... State and local...................... Addenda: Gross national product ......... Implicit price deflators: Gross domestic product 1 Gross national product 1 Seasonally adjusted at annual rates 2013 I II Line III 2012 2013 IV IV 1 1.7 1.4 1.1 1.3 0.6 2.0 1.3 2 3 4 5 6 1.8 1.3 –1.2 2.4 2.2 1.1 –0.5 –1.8 0.1 1.9 1.6 0.7 –2.1 2.0 2.1 1.1 –1.0 –1.1 –0.9 2.1 –0.1 –3.3 –2.0 –4.0 1.6 1.9 2.2 –2.3 4.5 1.8 0.7 –1.8 –2.5 –1.4 2.0 7 8 9 10 11 1.3 1.3 1.4 1.9 1.3 1.7 1.9 1.2 3.0 0.4 1.5 1.3 0.8 1.2 1.5 2.1 2.3 1.3 4.0 –0.3 1.9 2.0 1.2 5.2 –0.4 1.7 2.0 1.2 3.1 0.3 1.7 2.8 1.4 4.3 –0.2 12 1.4 1.0 –0.6 1.9 1.0 1.0 1.8 13 0.9 5.0 4.0 6.3 5.1 5.2 8.3 14 .............. .............. ............. .............. .............. ............. .............. 15 .............. .............. ............. .............. .............. ............. .............. 16 0.9 0.2 1.5 1.4 –3.2 1.0 0.3 17 0.4 –0.3 1.1 1.2 –4.4 0.5 –0.3 18 2.1 1.4 2.5 2.0 –0.3 1.9 1.5 19 0.5 –0.9 4.1 0.5 –5.0 0.2 0.0 20 0.6 –1.2 4.5 0.6 –5.9 0.4 –0.7 21 0.2 0.5 2.3 –0.1 –0.5 –0.5 3.7 1.6 1.0 1.0 1.1 2.0 2012 22 23 24 25 26 1.3 0.8 1.0 0.4 1.6 0.9 1.4 1.5 1.3 0.6 1.4 0.6 0.8 0.1 1.9 0.9 2.4 2.8 1.8 –0.1 0.1 0.8 0.9 0.8 –0.4 2.6 5.4 3.3 9.0 0.8 27 1.7 .............. 1.1 1.3 0.6 2.0 .............. 28 29 1.7 1.5 1.7 .............. 1.4 1.4 1.7 1.7 0.6 0.6 2.0 1.3 2.0 .............. Percent change at annual rate: Gross domestic product Percentage points at annual rates: Personal consumption expenditures ....................... Goods ................................... Durable goods .................. Nondurable goods ............ Services ................................ Gross private domestic investment ........................... Fixed investment ................... Nonresidential ................... Structures ..................... Equipment .................... Intellectual property products .................... 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 ...................... 2013 I II III IV 1 1.7 1.4 1.1 1.3 0.6 2.0 1.3 2 3 4 5 6 1.27 0.29 –0.09 0.38 0.98 0.77 –0.12 –0.14 0.02 0.88 1.11 0.16 –0.15 0.32 0.95 0.74 –0.23 –0.08 –0.14 0.97 –0.08 –0.79 –0.15 –0.64 0.71 1.31 0.52 –0.18 0.69 0.80 0.48 –0.41 –0.19 –0.22 0.89 7 8 9 10 11 0.19 0.19 0.17 0.05 0.07 0.26 0.29 0.14 0.08 0.02 0.22 0.20 0.09 0.03 0.08 0.32 0.34 0.16 0.11 –0.02 0.29 0.30 0.15 0.13 –0.02 0.27 0.30 0.14 0.09 0.02 0.28 0.42 0.17 0.12 –0.01 12 13 14 0.05 0.02 0.00 0.04 0.14 –0.02 –0.02 0.11 0.02 0.07 0.18 –0.03 0.04 0.15 –0.01 0.04 0.16 –0.03 0.07 0.25 –0.15 15 16 17 18 19 20 21 0.04 0.13 0.04 0.09 –0.09 –0.08 0.00 0.18 0.03 –0.03 0.06 0.15 0.17 –0.01 –0.47 0.21 0.10 0.10 –0.67 –0.61 –0.06 0.11 0.19 0.11 0.08 –0.09 –0.09 0.00 0.41 –0.43 –0.42 –0.01 0.85 0.83 0.02 0.09 0.13 0.05 0.08 –0.04 –0.05 0.01 0.04 0.04 –0.02 0.06 0.00 0.10 –0.10 22 23 24 25 26 0.25 0.07 0.05 0.01 0.18 0.18 0.11 0.07 0.04 0.07 0.26 0.04 0.04 0.00 0.22 0.18 0.18 0.13 0.05 –0.01 0.02 0.06 0.04 0.02 –0.04 0.30 0.08 0.05 0.03 0.22 0.48 0.39 0.15 0.24 0.09 1. The percent change for this series is calculated from the implicit price deflator in NIPA table 1.1.9. Table 1.1.9. Implicit Price Deflators for Gross Domestic Product Table 1.1.10. Percentage Shares of Gross Domestic Product [Index numbers, 2009=100] [Percent] 2012 Seasonally adjusted Line Line 2012 2013 2012 IV Gross domestic product Personal consumption expenditures ....................... Goods ................................... Durable goods .................. Nondurable goods ............ Services ............................... Gross private domestic investment........................... Fixed investment................... Nonresidential .................. Structures ..................... Equipment .................... Intellectual property products ................... Residential........................ Change in private inventories Net exports of goods and services ............................... Exports ................................. Goods ............................... Services ........................... Impor ts ................................. Goods ............................... Services ........................... Government consumption expenditures and gross investment........................... Federal ................................. National defense............... Nondefense ...................... State and local...................... Addendum: Gross national product ......... I II III IV 2 3 4 5 6 106.009 106.666 96.467 111.765 105.689 107.187 106.137 94.709 111.926 107.741 106.620 106.900 95.758 112.520 106.491 106.907 106.640 95.500 112.262 107.059 106.876 105.739 95.029 111.124 107.476 107.385 106.325 94.468 112.360 107.945 107.572 105.853 93.884 111.955 108.475 7 8 9 10 11 101.608 101.852 101.977 103.732 100.187 104.052 103.785 103.172 106.930 100.550 102.382 102.382 102.349 104.175 100.673 103.442 102.962 102.691 105.200 100.601 103.805 103.473 103.007 106.533 100.500 104.218 103.977 103.303 107.359 100.578 104.688 104.694 103.668 108.502 100.520 12 103.167 104.249 103.322 103.813 104.069 104.320 104.775 13 101.246 106.259 102.463 104.050 105.358 106.700 108.847 14 .............. .............. ............. .............. .............. ............. .............. 22 23 24 25 26 .............. 112.185 113.508 109.312 114.862 116.855 105.895 106.882 106.184 106.252 106.077 107.371 .............. 112.412 113.139 110.842 113.810 115.466 106.379 107.867 107.657 107.807 107.408 108.027 ............. 112.543 113.730 109.972 114.730 116.598 106.336 107.209 106.370 106.545 106.078 107.797 .............. 112.943 114.059 110.529 114.879 116.785 106.308 107.454 107.006 107.286 106.546 107.775 .............. 112.034 112.770 110.448 113.416 115.034 106.164 107.485 107.229 107.515 106.757 107.676 ............. 112.302 112.920 110.979 113.485 115.146 106.032 107.916 107.504 107.787 107.037 108.212 .............. 112.380 112.846 111.402 113.481 114.930 107.007 108.622 108.938 108.671 109.362 108.440 27 105.126 .............. 105.788 106.225 106.380 106.899 .............. Gross domestic product Personal consumption expenditures ....................... Goods ................................... Durable goods .................. Nondurable goods ............ Services ................................ Gross private domestic investment ........................... Fixed investment ................... Nonresidential................... Structures ..................... Equipment .................... Intellectual property products .................... 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 ...................... 2013 2013 IV 1 105.002 106.570 105.667 106.105 106.259 106.778 107.121 15 16 17 18 19 20 21 2012 III IV 1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 2 3 4 5 6 68.6 23.2 7.4 15.8 45.4 68.4 23.1 7.5 15.6 45.3 68.7 23.3 7.5 15.8 45.4 68.8 23.3 7.5 15.8 45.5 68.6 23.1 7.5 15.6 45.5 68.2 23.1 7.5 15.6 45.1 68.1 23.1 7.5 15.5 45.1 7 8 9 10 11 15.2 14.8 12.1 2.7 5.6 15.9 15.2 12.2 2.7 5.6 15.2 15.1 12.3 2.8 5.6 15.5 15.1 12.1 2.6 5.6 15.7 15.3 12.2 2.7 5.6 16.2 15.3 12.2 2.8 5.5 16.2 15.3 12.2 2.8 5.6 12 13 14 3.8 2.7 0.4 3.9 3.1 0.7 3.9 2.9 0.1 3.9 3.0 0.4 3.9 3.1 0.5 3.9 3.1 0.9 3.9 3.1 0.9 15 16 17 18 19 20 21 –3.4 13.5 9.5 4.1 16.9 14.1 2.8 –2.9 13.5 9.3 4.1 16.4 13.7 2.7 –3.1 13.5 9.4 4.1 16.6 13.9 2.7 –3.2 13.4 9.3 4.1 16.6 13.8 2.8 –3.1 13.4 9.3 4.1 16.5 13.7 2.8 –3.0 13.4 9.3 4.1 16.4 13.6 2.7 –2.6 13.6 9.5 4.1 16.2 13.5 2.7 22 23 24 25 26 19.5 8.0 5.0 2.9 11.5 18.6 7.4 4.6 2.8 11.2 19.2 7.8 4.8 2.9 11.4 18.9 7.6 4.7 2.9 11.3 18.7 7.5 4.7 2.9 11.2 18.6 7.4 4.6 2.8 11.2 18.2 7.2 4.4 2.8 11.1 2013 I II February 2014 SURVEY OF CURRENT BUSINESS D–5 Table 1.1.11. Real Gross Domestic Product: Percent Change From Quarter One Year Ago [Percent] 2012 2013 Line IV Gross domestic product.............................................................................................. Personal consumption expenditures ................................................................................. Goods................................................................................................................................. Durable goods ................................................................................................................ Nondurable goods .......................................................................................................... Services ............................................................................................................................. Gross private domestic investment.................................................................................... Fixed investment ................................................................................................................ Nonresidential ................................................................................................................ Structures................................................................................................................... Equipment .................................................................................................................. Intellectual proper ty products..................................................................................... 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 ................................................................................................................... Addenda: Final sales of domestic product.......................................................................................... Gross domestic purchases................................................................................................. Final sales to domestic purchasers .................................................................................... Gross domestic income...................................................................................................... Gross national product ....................................................................................................... Real disposable personal income ...................................................................................... Price indexes (Chain-type): Gross domestic purchases............................................................................................. Gross domestic purchases excluding food and energy 1 ............................................... Gross domestic product ................................................................................................. Gross domestic product excluding food and energy 1 ................................................... Personal consumption expenditures .............................................................................. Personal consumption expenditures excluding food and energy 1................................. Market-based PCE 2 ...................................................................................................... Market-based PCE excluding food and energy 2 ........................................................... I II III IV 1 2.0 1.3 1.6 2.0 2.7 2 2.0 1.9 1.9 1.9 2.3 3 3.5 3.3 3.6 3.8 4.1 4 7.8 6.9 7.7 7.6 6.4 5 1.6 1.7 1.6 2.0 2.9 6 1.3 1.1 1.0 1.0 1.5 7 3.1 1.7 4.4 6.9 8.5 8 6.8 4.3 4.7 5.5 2.9 9 5.0 2.4 2.4 3.5 2.1 10 9.3 –0.3 2.1 3.9 –0.6 11 4.5 2.9 2.4 3.4 3.0 12 2.9 3.5 2.7 3.4 2.8 13 15.5 12.9 15.1 14.2 6.3 14 ............................. ............................. ............................. ............................. ............................. 15 ............................. ............................. ............................. ............................. ............................. 16 2.4 1.0 2.0 2.9 5.4 17 1.4 0.2 1.2 2.2 6.6 18 4.7 2.8 3.8 4.5 2.6 19 0.1 0.1 1.2 1.6 2.7 20 0.0 –0.2 1.0 1.5 2.6 21 0.5 1.8 2.2 2.6 3.2 22 –1.1 –1.8 –2.0 –2.7 –2.3 23 –2.3 –3.8 –4.1 –6.5 –6.1 24 –5.0 –6.2 –6.1 –8.9 –6.8 25 2.6 0.3 –0.8 –2.2 –5.1 26 –0.3 –0.5 –0.5 –0.1 0.3 27 28 29 30 31 32 2.5 1.6 2.1 2.6 1.8 3.6 1.7 1.2 1.5 1.9 1.2 0.4 1.7 1.5 1.5 2.8 1.5 0.9 1.7 1.9 1.8 2.4 1.6 1.6 3.1 ............................. 2.0 ............................. 1.8 –0.1 33 34 35 36 37 38 39 40 1.5 1.5 1.8 1.6 1.7 1.7 1.5 1.5 1.3 1.3 1.6 1.5 1.4 1.5 1.3 1.4 1.1 1.2 1.3 1.3 1.1 1.2 1.0 1.1 1.2 1.3 1.3 1.5 1.1 1.2 1.1 1.1 1.1 1.3 1.3 1.6 0.9 1.1 0.9 1.1 1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services. 2. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial ser vices furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. NOTE. Percent changes for real estimates are calculated from corresponding quantity indexes presented in NIPA tables 1.1.3, 1.2.3, 1.4.3, and 1.7.3. Percent changes in price estimates are calculated from corre sponding price indexes presented in NIPA tables 1.1.4, 1.6.4, and 2.3.4. Table 1.2.1. Percent Change From Preceding Period in Real Gross Domestic Product by Major Type of Product [Percent] Seasonally adjusted at annual rates Line Gross domestic product.............................................................................................. Final sales of domestic product ................................................................................. Change in private inventories..................................................................................... Goods .................................................................................................................................... Final sales ...................................................................................................................... Change in private inventories ......................................................................................... Durable goods .................................................................................................................... Final sales ...................................................................................................................... Change in private inventories 1 ...................................................................................... Nondurable goods .............................................................................................................. Final sales ...................................................................................................................... Change in private inventories 1 ...................................................................................... Services 2.............................................................................................................................. Structures ............................................................................................................................. 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.... Research and development ............................................................................................... Gross domestic product excluding research and development .......................................... Final sales of domestic product, current dollars ................................................................. 2012 2013 2012 2013 IV I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 2.8 2.6 .................... 5.1 4.5 .................... 5.3 4.7 .................... 4.9 4.3 .................... 1.2 7.3 1.9 1.7 .................... 4.5 3.9 .................... 2.9 3.7 .................... 6.4 4.1 .................... 0.5 3.8 0.1 2.2 .................... –1.2 5.6 .................... 0.6 6.4 .................... –3.3 4.5 .................... –0.6 12.7 1.1 0.2 .................... 5.5 2.3 .................... 0.7 3.3 .................... 11.7 1.1 .................... 0.3 –9.2 2.5 2.1 .................... 3.9 2.6 .................... 4.1 2.9 .................... 3.7 2.2 .................... 0.7 11.9 4.1 2.5 .................... 10.7 5.1 .................... 6.7 1.9 .................... 15.8 9.1 .................... 0.2 11.1 3.2 2.8 .................... 10.4 9.2 .................... 5.8 6.0 .................... 16.0 13.1 .................... 0.8 –5.1 15 16 17 18 19 20 21 22 13.2 2.5 12.9 2.7 2.5 –0.3 2.9 4.4 3.6 1.9 11.1 1.9 1.7 0.9 1.9 3.2 –2.8 0.2 50.3 0.0 –0.9 0.4 0.1 3.3 9.2 0.9 17.5 1.1 1.4 –0.2 1.2 1.6 12.1 2.2 15.4 2.4 2.5 1.9 2.5 2.7 –12.9 4.7 –12.4 4.2 3.9 3.0 4.2 4.5 17.8 2.8 –11.0 3.3 1.7 0.6 3.3 4.3 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. National Data D–6 Table 1.2.2. Contributions to Percent Change in Real Gross Domestic Product by Major Type of Product February 2014 Table 1.2.3. Real Gross Domestic Product by Major Type of Product, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Seasonally adjusted at annual rates Line 2012 2013 2012 IV Percent change at annual rate: Gross domestic product ........ Percentage points at annual rates: Final sales of domestic product ............................. Change in private inventories Goods .............................................. Final sales ................................ Change in private inventories ... Durable goods .............................. Final sales ................................ Change in private inventories 1 Nondurable goods ........................ Final sales ................................ Change in private inventories 1 Services 2 ........................................ Structures ....................................... Addenda: Motor vehicle output ..................... Gross domestic product excluding motor vehicle output ................. Final sales of computers 3 ............ Gross domestic product excluding final sales of computers............ Research and development.......... Gross domestic product excluding research and development ....... Line 2013 I II III 2012 2013 2012 IV IV 1 2.8 1.9 0.1 1.1 2.5 4.1 3.2 2 3 4 5 6 7 8 9 10 11 12 13 14 2.58 0.20 1.53 1.33 0.20 0.89 0.77 0.12 0.64 0.56 0.08 0.76 0.49 1.73 0.19 1.36 1.17 0.19 0.49 0.61 –0.12 0.87 0.56 0.31 0.29 0.27 2.14 –2.00 –0.36 1.64 –2.00 0.09 1.03 –0.94 –0.45 0.61 –1.05 –0.35 0.85 0.21 0.93 1.63 0.70 0.93 0.12 0.54 –0.42 1.51 0.15 1.35 0.21 –0.70 2.07 0.41 1.20 0.79 0.41 0.70 0.49 0.21 0.50 0.30 0.20 0.46 0.82 2.47 1.67 3.19 1.53 1.67 1.13 0.33 0.80 2.07 1.20 0.87 0.14 0.80 2.81 0.42 3.12 2.70 0.42 0.98 0.99 0.00 2.13 1.71 0.42 0.50 –0.39 15 0.32 0.10 –0.07 0.24 0.32 –0.38 0.44 16 17 2.46 0.05 1.82 0.04 0.22 0.16 0.91 0.07 2.16 0.06 4.51 –0.05 2.78 –0.04 18 19 2.73 –0.01 1.87 0.02 –0.02 0.01 1.08 0.00 2.42 0.05 4.19 0.08 3.27 0.02 20 2.79 1.89 0.13 1.15 2.43 4.06 3.21 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 Nor th 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. 2013 Gross domestic product ........ Final sales of domestic product.............................. Change in private inventories Goods .............................................. Final sales................................. Change in private inventories ... Durable goods .............................. Final sales................................. Change in private inventories 1 Nondurable goods ........................ Final sales................................. Change in private inventories 1 Services 2 ........................................ Structures ........................................ 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 ................................ Research and development .......... Gross domestic product excluding research and development ....... I II III IV 1 107.302 109.358 107.780 108.087 108.751 109.859 110.734 2 3 4 5 6 7 8 9 10 11 12 13 14 105.751 ............. 119.044 113.216 ............. 124.849 115.729 ............. 112.182 110.150 ............. 103.463 97.238 107.591 ............ 124.360 117.634 ............ 128.477 120.023 ............ 119.382 114.713 ............ 103.944 100.964 106.610 ............ 119.520 115.042 ............ 125.788 117.715 ............ 112.137 111.792 ............ 103.634 100.256 106.666 ............. 121.121 115.700 ............. 126.014 118.669 ............. 115.277 112.105 ............. 103.723 97.863 107.214 ............ 122.295 116.442 ............ 127.298 119.516 ............ 116.325 112.723 ............ 103.912 100.648 107.865 ............ 125.445 117.887 ............ 129.373 120.069 ............ 120.679 115.210 ............ 103.967 103.339 108.620 ............. 128.577 120.504 ............. 131.223 121.837 ............. 125.247 118.814 ............. 104.174 102.006 15 162.380 168.236 162.190 165.810 170.616 164.819 171.697 16 106.319 108.307 106.809 107.057 107.646 108.879 109.646 17 118.857 132.001 126.373 131.570 136.355 131.927 128.151 18 107.260 109.276 107.713 108.003 108.653 109.779 110.669 19 107.203 109.013 107.486 107.871 108.549 109.583 110.049 20 102.944 103.860 103.103 103.064 103.561 104.325 104.489 21 107.421 109.508 107.908 108.225 108.893 110.010 110.905 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (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 1.2.5. Gross Domestic Product by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates Table 1.2.4. Price Indexes for Gross Domestic Product by Major Type of Product Line 2012 2013 [Index numbers, 2009=100] IV Seasonally adjusted Line 2012 2013 2012 IV Gross domestic product ........ Final sales of domestic product ............................. Change in private inventories Goods .............................................. Final sales ................................ Change in private inventories ... Durable goods .............................. Final sales ................................ Change in private inventories 1 Nondurable goods ........................ Final sales ................................ Change in private inventories 1 Services 2 ........................................ Structures ....................................... Addenda: Motor vehicle output ..................... Gross domestic product excluding motor vehicle output ................. Final sales of computers 3 ............ Gross domestic product excluding final sales of computers............ Implicit price deflator for final sales of domestic product .................. Research and development .......... Gross domestic product excluding research and development ....... 2013 I II III IV 1 105.008 106.467 105.640 105.994 106.165 106.685 107.024 2 3 4 5 6 7 8 9 10 11 12 13 14 105.033 ............ 102.471 102.561 ............ 99.860 99.932 ............ 105.859 105.941 ............ 106.333 103.903 106.516 ............ 102.709 102.862 ............ 99.880 99.946 ............ 106.388 106.613 ............ 108.138 107.745 105.663 ............. 102.929 103.011 ............. 99.746 99.815 ............. 107.079 107.133 ............. 107.027 104.766 2012 106.024 ............ 102.798 102.902 ............ 99.834 99.903 ............ 106.657 106.763 ............ 107.530 105.946 106.199 ............. 102.492 102.602 ............. 99.892 99.960 ............. 105.872 105.992 ............. 107.826 107.141 106.731 ............ 102.936 103.080 ............ 99.942 100.012 ............ 106.828 107.027 ............ 108.324 108.171 107.112 ............. 102.608 102.865 ............. 99.853 99.908 ............. 106.197 106.671 ............. 108.873 109.723 15 108.896 110.354 109.248 109.475 110.221 110.850 110.871 16 104.928 106.387 105.568 105.924 106.080 106.597 106.945 17 77.703 70.692 74.469 72.856 71.250 69.799 68.864 18 105.145 106.653 105.799 106.164 106.346 106.878 107.225 19 105.033 106.516 105.660 106.021 106.196 106.728 107.109 20 108.260 110.262 108.846 109.610 109.784 110.251 111.405 Gross domestic product ... Final sales of domestic product......................... Change in private inventories ................... Goods ......................................... Final sales............................ Change in private inventories ....................... Durable goods ......................... Final sales............................ Change in private inventories 1..................... Nondurable goods ................... Final sales............................ Change in private inventories 1..................... Services 2 ................................... Structures ................................... Addenda: Motor vehicle output ................ Gross domestic product excluding motor vehicle output ................................... Final sales of computers 3 ....... Gross domestic product excluding final sales of computers ............................ Research and development ..... Gross domestic product excluding research and development ........................ 2013 I II III IV 1 16,244.6 16,803.0 16,420.3 16,535.3 16,661.0 16,912.9 17,102.5 2 16,178.5 16,692.4 16,407.3 16,471.9 16,583.8 16,768.1 16,945.7 3 66.1 110.5 13.0 63.4 77.2 144.8 156.7 4 4,951.6 5,201.3 4,998.8 5,072.4 5,103.7 5,257.3 5,371.9 5 4,885.5 5,090.8 4,985.8 5,009.0 5,026.4 5,112.5 5,215.2 6 66.1 110.5 13.0 63.4 77.2 144.8 156.7 7 2,763.7 2,844.7 2,781.5 2,788.9 2,818.8 2,866.3 2,904.7 8 2,699.1 2,799.6 2,742.2 2,766.9 2,788.2 2,802.6 2,840.9 9 64.6 45.0 39.3 22.0 30.7 63.7 63.8 10 2,187.9 2,356.7 2,217.3 2,283.6 2,284.8 2,391.1 2,467.2 11 2,186.5 2,291.2 2,243.7 2,242.2 2,238.2 2,310.0 2,374.3 12 1.5 65.5 –26.3 41.4 46.6 81.1 92.9 13 10,140.1 10,360.2 10,223.1 10,279.9 10,327.0 10,380.2 10,453.6 14 1,152.9 1,241.4 1,198.4 1,183.0 1,230.4 1,275.4 1,277.0 15 436.1 457.9 437.0 447.8 463.7 450.6 469.4 16 15,808.5 16,345.1 15,983.3 16,087.5 16,197.3 16,462.4 16,633.0 17 66.9 67.7 68.3 69.5 70.5 66.8 64.0 18 16,177.6 16,735.3 16,352.1 16,465.8 16,590.6 16,846.2 17,038.5 19 417.7 429.2 420.6 423.4 426.1 431.1 436.3 20 15,826.9 16,373.7 15,999.7 16,111.9 16,234.9 16,481.8 16,666.2 21 104.922 106.367 105.556 105.899 106.069 106.591 106.909 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. 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. February 2014 SURVEY OF CURRENT BUSINESS D–7 Table 1.2.6. Real Gross Domestic Product by Major Type of Product, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 15,470.7 15,403.2 57.6 9.9 4,833.1 4,763.5 57.6 2,767.7 2,700.9 59.8 2,067.6 2,063.8 2.3 9,536.2 1,109.5 –1.8 15,767.1 15,671.2 85.4 10.5 5,048.9 4,949.4 85.4 2,848.1 2,801.1 41.8 2,200.3 2,149.3 44.3 9,580.5 1,152.1 –2.0 15,539.6 15,528.3 7.3 4.0 4,852.4 4,840.4 7.3 2,788.5 2,747.2 36.3 2,066.8 2,094.6 –24.5 9,552.0 1,144.0 –10.0 15,583.9 15,536.4 42.2 5.3 4,917.4 4,868.1 42.2 2,793.5 2,769.5 20.4 2,124.7 2,100.5 22.1 9,560.1 1,116.7 –5.4 15,679.7 15,616.2 56.6 6.9 4,965.1 4,899.3 56.6 2,822.0 2,789.3 28.5 2,144.0 2,112.0 28.6 9,577.6 1,148.5 –4.8 15,839.3 15,711.1 115.7 12.5 5,093.0 4,960.1 115.7 2,868.0 2,802.2 59.4 2,224.2 2,158.6 57.7 9,582.6 1,179.2 –0.4 15,965.6 15,821.1 127.2 17.3 5,220.1 5,070.2 127.2 2,909.0 2,843.5 59.1 2,308.4 2,226.2 68.7 9,601.7 1,163.9 2.5 17 18 19 20 21 22 400.8 15,066.6 86.2 15,386.9 385.8 15,085.2 415.2 15,348.3 95.7 15,676.1 389.3 15,378.4 400.3 15,136.0 91.6 15,451.9 386.4 15,153.6 409.3 15,171.1 95.4 15,493.5 386.3 15,198.1 421.1 15,254.7 98.8 15,586.7 388.2 15,292.0 406.8 15,429.3 95.6 15,748.2 391.0 15,448.9 423.8 15,538.0 92.9 15,876.0 391.6 15,574.6 IV Gross domestic product.......................................................................................... Final sales of domestic product ............................................................................. Change in private inventories................................................................................. Residual ................................................................................................................. Goods................................................................................................................................ Final sales .................................................................................................................. Change in private inventories..................................................................................... Durable goods ................................................................................................................ Final sales .................................................................................................................. Change in private inventories 1 .................................................................................. Nondurable goods .......................................................................................................... Final sales .................................................................................................................. Change in private inventories 1 .................................................................................. Services 2.......................................................................................................................... Structures ......................................................................................................................... Residual ............................................................................................................................. Addenda: Motor vehicle output ....................................................................................................... Gross domestic product excluding motor vehicle output ................................................ Final sales of computers 3 ............................................................................................. Gross domestic product excluding final sales of computers .......................................... Research and development ........................................................................................... Gross domestic product excluding research and development...................................... 2013 I II III IV 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 Nor th 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. NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line following change in private inventories is the difference between gross domestic product and the sum of final sales of domestic product and of change in private inventories; the residual line following structures is the difference between gross domestic product and the sum of the detailed lines of goods, of services, and of structures. Table 1.3.1. Percent Change From Preceding Period in Real Gross Value Added by Sector [Percent] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Gross domestic product.......................................................................................... Business 1 ........................................................................................................................ Nonfarm 2....................................................................................................................... Farm ............................................................................................................................... Households and institutions ........................................................................................... Households .................................................................................................................... Nonprofit institutions serving households 3.................................................................... General government 4 ..................................................................................................... Federal ........................................................................................................................... State and local ............................................................................................................... Addendum: Gross housing value added ........................................................................................... 2013 I II III IV 1 2 3 4 5 6 7 8 9 10 2.8 3.6 3.7 –1.1 0.6 –0.3 1.7 0.0 –0.1 0.0 1.9 2.5 2.3 18.8 0.5 0.3 0.8 –0.4 –1.7 0.3 0.1 0.2 0.7 –27.0 0.2 –0.6 1.2 –0.4 –0.6 –0.3 1.1 1.4 –0.3 179.6 1.2 1.2 1.3 –0.3 –1.2 0.1 2.5 3.4 3.3 9.0 –0.1 –0.5 0.4 –0.2 –1.6 0.5 4.1 5.6 5.4 15.4 0.5 1.5 –0.7 –1.1 –4.5 0.6 3.2 4.4 4.9 –21.3 0.7 0.5 1.0 –1.4 –4.9 0.4 11 0.7 0.7 –0.2 1.3 0.2 1.7 1.0 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 tenantoccupied housing owned by nonprofit institutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. D–8 National Data February 2014 Table 1.3.3. Real Gross Value Added by Sector, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2012 2013 2012 IV Gross domestic product.......................................................................................... Business 1 ........................................................................................................................ Nonfarm 2....................................................................................................................... Farm ............................................................................................................................... Households and institutions ........................................................................................... Households .................................................................................................................... Nonprofit institutions serving households 3.................................................................... General government 4 ..................................................................................................... Federal ........................................................................................................................... State and local ............................................................................................................... Addendum: Gross housing value added ........................................................................................... 2013 III IV 1 2 3 4 5 6 7 8 9 10 107.302 109.454 109.658 95.296 102.441 100.531 105.064 100.233 104.379 98.309 109.358 112.226 112.133 113.187 102.942 100.817 105.859 99.862 102.582 98.603 107.780 110.091 110.461 85.858 102.533 100.393 105.470 100.209 104.126 98.392 108.087 110.469 110.387 111.020 102.847 100.689 105.808 100.124 103.807 98.415 I 108.751 111.384 111.274 113.432 102.828 100.575 105.920 100.071 103.390 98.532 II 109.859 112.915 112.760 117.568 102.955 100.939 105.722 99.797 102.210 98.681 110.734 114.135 114.111 110.726 103.140 101.066 105.986 99.454 100.923 98.782 11 103.919 104.635 103.969 104.314 104.371 104.803 105.053 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 tenantoccupied housing owned by nonprofit institutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. Table 1.3.4. Price Indexes for Gross Value Added by Sector [Index numbers, 2009=100] Seasonally adjusted Line 2012 2013 2012 IV Gross domestic product.......................................................................................... Business 1 ........................................................................................................................ Nonfarm 2....................................................................................................................... Farm ............................................................................................................................... Households and institutions ........................................................................................... Households .................................................................................................................... Nonprofit institutions serving households 3.................................................................... General government 4 ..................................................................................................... Federal ........................................................................................................................... State and local ............................................................................................................... Addendum: Gross housing value added ........................................................................................... 2013 I II III IV 1 2 3 4 5 6 7 8 9 10 105.008 105.154 104.602 159.982 103.320 102.881 103.915 105.841 105.770 105.881 106.467 106.560 105.925 172.983 105.527 105.137 106.061 106.864 107.745 106.442 105.640 105.797 105.141 172.290 104.223 103.604 105.058 106.130 105.958 106.218 105.994 106.165 105.379 186.517 104.651 104.175 105.297 106.321 106.687 106.147 106.165 106.274 105.597 176.543 105.186 104.821 105.685 106.495 107.059 106.224 106.685 106.818 106.228 169.186 105.770 105.369 106.318 106.805 107.372 106.532 107.024 106.983 106.496 159.687 106.502 106.182 106.945 107.833 109.860 106.865 11 103.232 105.667 104.067 104.672 105.332 105.945 106.720 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 tenantoccupied housing owned by nonprofit institutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. Table 1.3.5. Gross Value Added by Sector [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 1 2 3 4 5 6 7 8 9 10 16,244.6 12,195.4 12,028.5 166.9 2,025.4 1,148.1 877.3 2,023.7 666.4 1,357.3 16,803.0 12,688.4 12,456.0 232.4 2,078.8 1,176.7 902.1 2,035.7 667.1 1,368.6 16,420.3 12,346.6 12,184.0 162.6 2,044.9 1,154.6 890.3 2,028.8 666.0 1,362.8 16,535.3 12,445.0 12,198.3 246.7 2,059.6 1,164.4 895.2 2,030.7 668.5 1,362.2 16,661.0 12,558.3 12,321.9 236.4 2,069.8 1,170.3 899.5 2,033.0 668.1 1,364.8 16,912.9 12,795.8 12,559.8 236.0 2,083.8 1,180.7 903.2 2,033.3 662.5 1,370.8 17,102.5 12,954.6 12,744.1 210.5 2,102.0 1,191.3 910.8 2,045.8 669.3 1,376.5 11 1,511.6 1,557.9 1,524.5 1,538.5 1,549.0 1,564.5 1,579.7 IV Gross domestic product.......................................................................................... Business 1 ........................................................................................................................ Nonfarm 2....................................................................................................................... Farm ............................................................................................................................... Households and institutions ........................................................................................... Households .................................................................................................................... Nonprofit institutions serving households 3.................................................................... General government 4 ..................................................................................................... Federal ........................................................................................................................... State and local ............................................................................................................... Addendum: Gross housing value added ........................................................................................... 2013 I II III IV 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 tenantoccupied housing owned by nonprofit institutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. SURVEY OF CURRENT BUSINESS February 2014 Table 1.3.6. Real Gross Value Added by Sector, Chained Dollars 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 [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 [Percent] 2013 IV Gross domestic product Business 1 ............................... Nonfarm 2 ............................. Farm ..................................... Households and institutions Households .......................... Nonprofit institutions serving households 3 .................... General government 4 ............ Federal ................................. State and local...................... Residual ................................... Addendum: Gross housing value added D–9 I II III Seasonally adjusted at annual rates IV 1 15,470.7 15,767.1 15,539.6 15,583.9 15,679.7 15,839.3 15,965.6 2 11,598.5 11,892.2 11,666.1 11,706.0 11,803.0 11,965.3 12,094.5 3 11,499.7 11,759.3 11,583.9 11,576.2 11,669.2 11,825.0 11,966.7 4 104.6 124.3 94.3 121.9 124.5 129.1 121.6 5 1,960.3 1,969.9 1,962.1 1,968.1 1,967.7 1,970.2 1,973.7 6 1,116.0 1,119.2 1,114.4 1,117.7 1,116.5 1,120.5 1,121.9 7 8 9 10 11 844.2 1,912.1 630.1 1,281.9 –5.8 850.6 1,905.0 619.2 1,285.8 8.7 847.5 1,911.6 628.5 1,283.0 –12.0 850.2 1,910.0 626.6 1,283.3 8.0 851.1 1,909.0 624.1 1,284.9 9.4 849.5 1,903.8 617.0 1,286.8 11.4 851.6 1,897.2 609.2 1,288.1 6.5 12 1,464.2 1,474.3 1,464.9 1,469.8 1,470.6 1,476.7 1,480.2 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. NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. Line 2012 2013 2012 2013 IV Gross domestic product .................. Less: Exports of goods and services Plus: Imports of goods and services Equals: Gross domestic purchases Less: Change in private inventories .... Equals: Final sales to domestic purchasers..................................... Addenda: Final sales of domestic product ...... Gross domestic purchases, current dollars ......................................... Final sales to domestic purchasers, current dollars ............................. I II III IV 1 2.8 1.9 0.1 1.1 2.5 4.1 3.2 2 3.5 2.8 1.1 –1.3 8.0 3.9 11.4 3 2.2 1.4 –3.1 0.6 6.9 2.4 0.9 4 2.6 1.7 –0.5 1.4 2.5 3.9 1.8 5 ............ ............ ............ ............ ............ ............ ............ 6 2.4 1.5 1.4 0.5 2.1 2.3 1.4 7 2.6 1.7 2.2 0.2 2.1 2.5 2.8 8 4.3 3.0 1.3 2.9 2.6 5.8 3.1 9 4.1 2.8 3.0 1.7 2.3 4.2 2.8 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, 2009=100] [Index numbers, 2009=100] Seasonally adjusted Line Gross domestic product .................. Less: Expor ts of goods and services Plus: Impor ts of goods and services Equals: Gross domestic purchases Less: Change in private inventories ... Equals: Final sales to domestic purchasers .................................... Addendum: Final sales of domestic product ...... 1 2 3 4 5 2012 2013 107.302 123.590 120.860 107.374 ............ 2012 109.358 127.060 122.546 109.217 ............ Seasonally adjusted 2013 Line IV I II III IV 107.780 124.196 120.398 107.702 ............ 108.087 123.781 120.584 108.073 ............. 108.751 126.181 122.615 108.737 ............ 109.859 127.389 123.347 109.779 ............ 110.734 130.888 123.638 110.278 ............ 6 105.866 107.501 106.565 106.691 107.242 107.843 108.228 7 105.751 107.591 106.610 106.666 107.214 107.865 108.620 Gross domestic product ................. Less: Exports of goods and services Plus: Impor ts of goods and services Equals: Gross domestic purchases Less: Change in private inventories ... Equals: Final sales to domestic purchasers.................................... Addenda: Final sales of domestic product ..... Implicit price deflator for final sales to domestic purchasers.............. 1 2 3 4 5 2012 105.008 112.185 114.862 105.599 ............ 2013 106.467 112.415 113.810 106.834 ............ 2012 2013 IV I II III IV 105.640 112.543 114.725 106.150 ............ 105.994 112.944 114.873 106.467 ............ 106.165 112.034 113.411 106.526 ............ 106.685 112.303 113.480 107.010 ............ 107.024 112.381 113.476 107.331 ............ 6 105.624 106.881 106.171 106.496 106.559 107.053 107.415 7 105.033 106.516 105.663 106.024 106.199 106.731 107.112 8 105.624 106.881 106.170 106.494 106.557 107.052 107.413 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 (2009) dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Gross domestic product ........ Less: Expor ts of goods and services ................................ Plus: Impor ts of goods and services ................................ Equals: Gross domestic purchases............................ Less: Change in private inventories ............................ Equals: Final sales to domestic purchasers ......... Addendum: Final sales of domestic product ............................. Seasonally adjusted at annual rates 2013 I II Line III 2 2,195.9 2,262.2 2,213.7 2,214.2 2,238.9 2,265.8 2,329.7 3 2,743.1 2,755.9 2,729.5 2,737.3 2,747.9 2,766.0 2,772.5 4 16,791.8 17,296.7 16,936.1 17,058.4 17,170.0 17,413.2 17,545.3 66.1 110.5 13.0 63.4 77.2 144.8 2013 IV 1 16,244.6 16,803.0 16,420.3 16,535.3 16,661.0 16,912.9 17,102.5 5 2012 156.7 6 16,725.7 17,186.2 16,923.1 16,995.0 17,092.8 17,268.4 17,388.5 2012 IV Gross domestic product ............ Less: Expor ts of goods and services .................................... Plus: Impor ts of goods and services .................................... Equals: Gross domestic purchases ................................ Less: Change in private inventories ................................ Equals: Final sales to domestic purchasers............................... Addendum: Final sales of domestic product 2013 I II III IV 1 15,470.7 15,767.1 15,539.6 15,583.9 15,679.7 15,839.3 15,965.6 2 1,957.4 2,012.4 1,967.0 1,960.5 1,998.4 2,017.6 2,073.0 3 2,388.2 2,421.5 2,379.1 2,382.7 2,422.9 2,437.3 2,443.1 4 15,902.3 16,175.2 15,950.8 16,005.8 16,104.1 16,258.5 16,332.3 5 57.6 85.4 7.3 42.2 56.6 115.7 127.2 6 15,835.2 16,079.7 15,939.7 15,958.6 16,041.0 16,130.9 16,188.5 7 15,403.2 15,671.2 15,528.3 15,536.4 15,616.2 15,711.1 15,821.1 7 16,178.5 16,692.4 16,407.3 16,471.9 16,583.8 16,768.1 16,945.7 NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. National Data D–10 Table 1.5.1. Percent Change From Preceding Period in Real Gross Domestic Product, Expanded Detail February 2014 Table 1.5.2. Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail [Percent] Seasonally adjusted at annual rates Seasonally adjusted at annual rates Line 2012 2013 2012 IV Gross domestic product ............ Personal consumption expenditures Goods ............................................... Durable goods .............................. Motor vehicles and parts .......... Furnishings and durable household equipment ........... Recreational goods and vehicles ................................ Other durable goods................. Nondurable goods ........................ Food and beverages purchased for off-premises consumption Clothing and footwear .............. Gasoline and other energy goods ................................... Other nondurable goods........... Services ........................................... Household consumption expenditures (for services) ....... Housing and utilities ................. Health care ............................... Transportation services ............ Recreation services.................. Food services and accommodations .................. Financial services and insurance.............................. Other services .......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 ............ Gross output of nonprofit institutions 2 ......................... Less: Receipts from sales of goods and services by nonprofit institutions 3 .......... Gross private domestic investment Fixed investment............................... Nonresidential .............................. Structures ................................. Equipment ................................ Information processing equipment ........................ Computers and peripheral equipment .................... Other ................................ Industrial equipment ............. Transportation equipment..... Other equipment .................. Intellectual property products ... Software 4 ............................ Research and development 5 Entertainment, literary, and artistic originals ................ Residential.................................... Change in private inventories ........... Farm ............................................. Nonfarm........................................ Net exports of goods and services... Exports ............................................. Goods ........................................... Services ....................................... Impor ts ............................................. Goods ........................................... Services ....................................... Government consumption expenditures and gross investment....................................... Federal ............................................. National defense........................... Consumption expenditures....... Gross investment...................... Nondefense .................................. Consumption expenditures....... Gross investment...................... State and local.................................. Consumption expenditures ........... Gross investment.......................... 1 2 3 4 5 2.8 2.2 3.3 7.7 7.2 1.9 2.0 3.7 7.1 5.1 Line 2013 I II 0.1 1.7 3.7 10.5 14.3 1.1 2.3 3.7 5.8 5.2 III 2.5 1.8 3.1 6.2 –0.9 4.1 2.0 4.5 7.9 5.0 3.2 3.3 4.9 5.9 0.7 6.1 6.3 4.4 4.1 9.0 13.2 6.0 7 8 9 10.9 5.7 1.4 10.2 7.5 2.1 10.7 11.5 0.6 8.1 5.8 2.7 11.7 8.6 1.6 11.9 0.2 2.9 8.1 13.2 4.4 10 11 1.3 1.2 1.4 1.6 0.9 –1.8 2.0 1.8 –1.1 5.9 2.7 –4.2 3.6 8.6 12 13 14 –1.4 2.7 1.6 0.4 3.6 1.2 –5.3 4.2 0.6 4.5 3.0 1.5 –0.9 3.7 1.2 3.2 5.8 0.7 1.5 4.9 2.5 15 16 17 18 19 1.5 0.8 2.7 1.3 1.4 1.3 0.8 2.2 0.7 0.8 0.3 –2.7 2.3 –0.2 –1.7 2.4 4.7 1.3 2.9 2.4 1.4 0.1 3.6 0.1 –0.9 0.5 –2.5 2.7 –2.0 4.2 2.5 1.1 1.6 0.8 0.5 20 3.6 3.0 6.5 2.5 0.8 0.5 10.2 21 22 –1.3 1.7 1.5 –0.4 –0.2 0.2 5.5 –2.8 4.0 –0.4 1.8 1.0 4.9 1.4 23 5.3 –2.1 9.0 –18.1 –3.9 4.7 2.6 24 2.9 1.1 1.2 –3.0 3.4 2.1 2.2 2.2 9.5 8.3 7.3 12.7 7.6 2.1 5.4 4.3 2.6 1.3 2.9 –1.3 –2.4 11.6 9.8 17.6 8.9 2.4 4.7 –1.5 –4.6 –25.7 1.6 5.7 9.2 6.5 4.7 17.6 3.3 1.3 17.2 5.9 4.8 13.4 0.2 2013 2.0 3.4 0.9 3.8 –1.2 6.9 31 2.7 3.0 20.0 –2.7 9.3 2.0 –6.2 32 33 34 35 36 37 38 39 5.4 1.7 5.5 22.2 3.9 3.4 5.9 1.6 –1.2 4.7 3.3 0.0 5.4 3.1 4.6 2.0 80.1 3.1 6.2 1.1 5.6 5.7 9.4 3.1 –15.8 3.0 0.3 –7.6 18.8 3.7 7.7 –0.3 –14.9 19.8 –1.0 6.5 –3.1 –1.5 –5.9 2.2 2.2 1.9 15.5 3.0 –16.1 5.8 8.5 5.1 22.2 –14.9 –3.9 19.7 24.6 3.2 3.7 3.4 40 41 42 43 44 45 46 47 48 49 50 51 0.3 12.9 ........... ........... ........... ........... 3.5 3.8 3.0 2.2 2.1 2.7 1.5 12.0 ............ ............ ............ ............ 2.8 2.5 3.4 1.4 1.2 2.5 1.9 19.8 ............ ............ ............ ............ 1.1 –3.0 11.3 –3.1 –3.5 –1.0 4.0 12.5 ............ ............ ............ ............ –1.3 –2.8 2.2 0.6 –0.2 5.0 2.8 14.2 ............ ............ ............ ............ 8.0 9.4 4.8 6.9 7.5 4.0 –2.1 10.3 ............ ............ ............ ............ 3.9 5.6 0.1 2.4 2.4 2.5 0.3 –9.8 ............ ............ ............ ............ 11.4 15.1 3.4 0.9 0.8 1.5 52 53 54 55 56 57 58 59 60 61 62 –1.0 –1.4 –3.2 –2.7 –5.3 1.8 3.5 –3.0 –0.7 0.0 –3.7 –2.2 –5.1 –7.0 –7.6 –4.5 –2.0 –1.6 –3.0 –0.2 0.3 –2.5 –6.5 –13.9 –21.6 –24.9 –7.5 1.0 2.2 –2.6 –1.0 –0.1 –5.2 –4.2 –8.4 –11.2 –9.6 –17.3 –3.6 –2.4 –7.2 –1.3 0.1 –7.5 –0.4 –1.6 –0.6 –3.2 10.2 –3.1 –3.4 –2.2 0.4 0.4 0.4 0.4 –1.5 –0.5 –1.7 4.6 –3.1 –4.2 0.5 1.7 0.4 7.7 –4.9 –12.6 –14.0 –13.2 –16.9 –10.3 –11.9 –5.3 0.5 0.3 1.5 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. 5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. 2012 IV IV 6 25 26 27 28 29 30 2012 Percent change at annual rate: Gross domestic product ............ Percentage points at annual rates: Personal consumption expenditures Goods ............................................... Durable goods .............................. Motor vehicles and par ts .......... Furnishings and durable household equipment ........... Recreational goods and vehicles................................. Other durable goods ................. Nondurable goods ........................ Food and beverages purchased for off-premises consumption Clothing and footwear ............... Gasoline and other energy goods .................................... Other nondurable goods ........... Services ............................................ Household consumption expenditures (for services) ....... Housing and utilities ................. Health care ............................... Transportation services............. Recreation services .................. Food services and accommodations .................. Financial services and insurance .............................. Other services .......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 ............ Gross output of nonprofit institutions 2 .......................... Less: Receipts from sales of goods and services by nonprofit institutions 3 ........... Gross private domestic investment Fixed investment ............................... Nonresidential ............................... Structures ................................. Equipment ................................ Information processing equipment ......................... Computers and peripheral equipment ..................... Other................................. Industrial equipment ............. Transportation equipment ..... Other equipment ................... Intellectual property products ... Software 4 ............................. Research and development 5 Entertainment, literary, and artistic originals ................ Residential .................................... Change in private inventories ........... Farm ............................................. Nonfarm ........................................ Net exports of goods and services ... Exports ............................................. Goods ........................................... Services ........................................ Imports.............................................. Goods ........................................... Services ........................................ Government consumption expenditures and gross investment ....................................... Federal .............................................. National defense ........................... Consumption expenditures ....... Gross investment ...................... Nondefense .................................. Consumption expenditures ....... Gross investment ...................... State and local .................................. Consumption expenditures ........... Gross investment .......................... 2013 I II III IV 1 2.8 1.9 0.1 1.1 2.5 4.1 3.2 2 3 4 5 1.52 0.77 0.56 0.17 1.37 0.84 0.52 0.12 1.13 0.85 0.74 0.33 1.54 0.85 0.43 0.13 1.24 0.71 0.46 –0.02 1.36 1.03 0.58 0.12 2.26 1.12 0.44 0.02 6 0.10 0.10 0.07 0.07 0.15 0.21 0.10 7 8 9 0.22 0.07 0.22 0.20 0.09 0.32 0.21 0.13 0.10 0.16 0.07 0.43 0.23 0.10 0.26 0.24 0.00 0.46 0.16 0.15 0.68 10 11 0.07 0.03 0.07 0.03 0.05 –0.04 0.11 0.04 –0.06 0.13 0.14 –0.09 0.19 0.18 12 13 14 –0.04 0.16 0.74 0.01 0.21 0.53 –0.14 0.23 0.29 0.11 0.17 0.69 –0.02 0.21 0.53 0.08 0.33 0.32 0.04 0.28 1.14 15 16 17 18 19 0.65 0.10 0.30 0.02 0.04 0.56 0.10 0.24 0.01 0.02 0.13 –0.35 0.26 –0.01 –0.04 1.04 0.58 0.14 0.06 0.06 0.60 0.01 0.40 0.00 –0.02 0.24 –0.31 0.31 –0.04 0.10 1.10 0.14 0.18 0.02 0.01 20 0.15 0.13 0.27 0.11 0.03 0.02 0.43 21 22 –0.07 0.10 0.08 –0.02 –0.01 0.01 0.27 –0.17 0.20 –0.02 0.09 0.06 0.24 0.08 23 0.09 –0.04 0.16 –0.35 –0.07 0.08 0.05 24 0.21 0.08 0.09 –0.22 0.25 0.15 0.16 25 26 27 28 29 30 0.12 1.36 1.17 0.85 0.31 0.41 0.12 0.83 0.64 0.32 0.04 0.16 –0.07 –0.36 1.63 1.13 0.44 0.47 0.13 0.71 –0.23 –0.57 –0.80 0.09 0.31 1.38 0.96 0.56 0.43 0.18 0.07 2.56 0.89 0.58 0.35 0.02 0.11 0.56 0.14 0.46 –0.03 0.38 31 0.05 0.05 0.31 –0.05 0.16 0.03 –0.11 32 33 34 35 36 37 38 39 0.03 0.02 0.06 0.25 0.05 0.13 0.10 0.03 –0.01 0.06 0.04 0.00 0.07 0.12 0.08 0.03 0.28 0.04 0.07 0.01 0.07 0.21 0.16 0.05 –0.08 0.04 0.00 –0.10 0.24 0.14 0.13 –0.01 –0.08 0.23 –0.01 0.08 –0.04 –0.06 –0.11 0.04 0.01 0.03 0.18 0.04 –0.23 0.22 0.14 0.08 0.09 –0.20 –0.05 0.24 0.29 0.12 0.06 0.06 40 41 42 43 44 45 46 47 48 49 50 51 0.00 0.32 0.20 –0.03 0.22 0.10 0.48 0.36 0.12 –0.38 –0.30 –0.07 0.01 0.33 0.19 0.23 –0.04 0.14 0.38 0.24 0.14 –0.23 –0.16 –0.07 0.01 0.50 –2.00 0.10 –2.09 0.68 0.15 –0.28 0.43 0.53 0.50 0.03 0.02 0.34 0.93 0.88 0.06 –0.28 –0.18 –0.27 0.09 –0.10 0.03 –0.13 0.01 0.40 0.41 0.12 0.30 –0.07 1.04 0.84 0.20 –1.10 –1.00 –0.11 –0.01 0.31 1.67 0.12 1.55 0.14 0.52 0.52 0.01 –0.39 –0.32 –0.07 0.00 –0.32 0.42 –0.02 0.44 1.33 1.48 1.34 0.14 –0.15 –0.11 –0.04 52 53 54 55 56 57 58 59 60 61 62 –0.20 –0.12 –0.17 –0.11 –0.06 0.05 0.08 –0.02 –0.08 0.00 –0.08 –0.43 –0.41 –0.35 –0.31 –0.05 –0.06 –0.04 –0.02 –0.02 0.03 –0.05 –1.31 –1.19 –1.22 –1.14 –0.08 0.03 0.05 –0.02 –0.12 –0.01 –0.11 –0.82 –0.68 –0.57 –0.38 –0.18 –0.11 –0.05 –0.05 –0.14 0.01 –0.16 –0.07 –0.12 –0.03 –0.12 0.09 –0.09 –0.08 –0.02 0.05 0.04 0.01 0.08 –0.11 –0.02 –0.06 0.04 –0.09 –0.09 0.00 0.19 0.04 0.15 –0.93 –0.98 –0.68 –0.51 –0.17 –0.30 –0.27 –0.04 0.06 0.03 0.03 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. 5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. SURVEY OF CURRENT BUSINESS February 2014 D–11 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, 2009=100] [Index numbers, 2009=100] Seasonally adjusted Seasonally adjusted Line 2012 2013 2012 IV Gross domestic product ........ Personal consumption expenditures ............................... Goods ........................................... Durable goods .......................... Motor vehicles and par ts ...... Furnishings and durable household equipment ....... Recreational goods and vehicles ............................ Other durable goods............. Nondurable goods .................... Food and beverages purchased for off-premises consumption ..................... Clothing and footwear .......... Gasoline and other energy goods ............................... Other nondurable goods....... Services ....................................... Household consumption expenditures (for services) ... Housing and utilities ............. Health care ........................... Transportation services ........ Recreation services.............. Food services and accommodations .............. Financial services and insurance.......................... Other services ...................... Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 ........................... Gross output of nonprofit institutions 2 ..................... Less: Receipts from sales of goods and services by nonprofit institutions 3 ...... Gross private domestic investment................................... Fixed investment........................... Nonresidential .......................... Structures ............................. Equipment ............................ Information processing equipment .................... Computers and peripheral equipment Other ............................ Industrial equipment ......... Transportation equipment Other equipment .............. Intellectual property products Software 4 ........................ Research and development 5 .............. Entertainment, literary, and artistic originals ..... Residential................................ Change in private inventories ....... Farm ......................................... Nonfarm.................................... Net exports of goods and services Exports ......................................... Goods ....................................... Services ................................... Imports ......................................... Goods ....................................... Services ................................... Government consumption expenditures and gross investment................................... Federal ......................................... National defense....................... Consumption expenditures... Gross investment.................. Nondefense .............................. Consumption expenditures... Gross investment.................. State and local.............................. Consumption expenditures ....... Gross investment...................... Line 2013 I II III 106.854 110.495 121.833 114.798 108.994 114.556 130.541 120.615 107.537 111.904 125.591 118.531 108.138 112.928 127.379 120.031 108.625 113.793 129.309 119.764 109.156 115.057 131.785 121.221 110.057 116.446 133.690 121.446 6 119.833 127.407 121.704 122.936 125.617 129.585 131.490 7 135.248 149.102 140.495 143.248 147.254 151.465 154.443 8 116.098 124.819 120.206 121.912 124.439 124.499 128.427 9 105.594 107.771 106.047 106.762 107.197 107.973 109.152 10 105.120 106.559 105.659 106.184 105.891 106.606 107.553 11 110.562 112.281 110.615 111.098 112.709 111.500 113.818 12 95.419 95.814 94.468 95.510 95.301 96.044 96.402 13 108.709 112.661 109.948 110.762 111.772 113.369 114.743 14 105.090 106.307 105.421 105.818 106.125 106.308 106.978 15 16 17 18 19 105.039 103.328 106.820 102.863 104.889 106.392 104.198 109.118 103.622 105.716 105.256 103.239 107.592 103.070 104.714 105.884 104.438 107.932 103.820 105.333 106.244 104.455 108.882 103.841 105.084 106.386 103.807 109.615 103.305 106.162 107.056 104.092 110.042 103.521 106.286 20 109.403 112.637 111.036 111.713 111.925 112.073 114.837 21 103.764 105.300 102.607 103.983 105.004 105.475 106.738 22 104.208 103.797 104.397 103.650 103.551 103.810 104.175 23 106.380 104.184 109.528 104.186 103.168 104.354 105.029 24 105.550 106.689 106.415 105.610 106.491 107.041 107.613 25 105.299 107.476 105.438 106.058 107.539 107.884 108.423 26 27 28 29 30 129.705 116.766 118.263 96.212 140.604 136.728 121.836 121.346 97.451 144.685 130.012 119.914 120.717 100.282 142.609 131.521 119.467 119.318 93.090 143.175 134.440 121.362 120.685 96.943 144.326 139.883 123.119 122.114 100.042 144.401 141.070 123.395 123.267 99.730 146.837 31 115.460 118.956 117.963 117.165 119.797 120.384 118.476 32 33 34 35 36 37 38 114.515 115.876 121.380 313.250 126.606 109.962 111.326 113.116 121.296 125.330 313.142 133.397 113.353 116.426 119.857 117.282 123.525 310.852 129.561 111.617 114.156 114.804 118.145 123.613 304.769 135.266 112.648 116.288 110.257 123.592 123.309 309.621 134.192 112.235 114.537 110.847 124.178 127.832 311.916 128.432 113.815 116.901 2013 116.555 119.269 126.568 326.263 135.697 114.715 117.979 39 107.269 109.380 108.106 108.019 108.619 109.977 110.906 40 41 42 43 44 45 46 47 48 49 50 51 114.816 110.581 ............ ............ ............ ............ 123.590 127.100 116.297 120.860 123.750 108.779 116.535 123.902 ............ ............ ............ ............ 127.060 130.335 120.293 122.546 125.219 111.464 115.079 116.635 ............. ............. ............. ............. 124.196 127.038 118.321 120.398 123.170 108.855 116.203 120.123 ............ ............ ............ ............ 123.781 126.126 118.961 120.584 123.098 110.197 117.020 124.180 ............. ............. ............. ............. 126.181 128.995 120.372 122.615 125.341 111.296 116.412 127.267 ............ ............ ............ ............ 127.389 130.764 120.410 123.347 126.087 111.977 116.505 124.037 ............. ............. ............. ............. 130.888 135.456 121.428 123.638 126.350 112.389 52 53 54 55 56 57 58 59 60 61 62 95.921 100.212 97.562 99.523 90.571 105.068 105.146 104.788 93.128 94.616 86.787 93.800 95.059 90.727 91.927 86.476 103.019 103.455 101.670 92.963 94.937 84.576 95.135 98.455 94.506 95.892 89.580 105.708 106.164 104.292 92.966 94.772 85.289 94.117 96.315 91.731 93.502 85.413 104.740 105.513 102.369 92.672 94.800 83.644 94.024 95.933 91.592 92.746 87.509 103.910 104.594 101.809 92.765 94.894 83.734 94.117 95.581 91.488 92.341 88.497 103.098 103.468 101.945 93.147 94.989 85.306 92.941 92.409 88.098 89.120 84.486 100.327 100.245 100.556 93.268 95.063 85.622 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. 5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. 2012 IV IV 1 107.302 109.358 107.780 108.087 108.751 109.859 110.734 2 3 4 5 2012 Gross domestic product ........ Personal consumption expenditures ............................... Goods ........................................... Durable goods .......................... Motor vehicles and par ts ...... Furnishings and durable household equipment ....... Recreational goods and vehicles............................. Other durable goods ............. Nondurable goods .................... Food and beverages purchased for off-premises consumption ..................... Clothing and footwear ........... Gasoline and other energy goods ................................ Other nondurable goods ....... Services ........................................ Household consumption expenditures (for services) ... Housing and utilities ............. Health care ........................... Transportation services......... Recreation services .............. Food services and accommodations .............. Financial services and insurance .......................... Other services ...................... Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 ............................ Gross output of nonprofit institutions 2 ...................... Less: Receipts from sales of goods and services by nonprofit institutions 3 ....... Gross private domestic investment ................................... Fixed investment ........................... Nonresidential ........................... Structures ............................. Equipment ............................ Information processing equipment ..................... Computers and peripheral equipment Other............................. Industrial equipment ......... Transportation equipment Other equipment ............... Intellectual property products Software 4 ......................... Research and development 5 .............. Entertainment, literary, and ar tistic originals ..... Residential ................................ Change in private inventories ....... Farm ......................................... Nonfarm .................................... Net exports of goods and services Exports ......................................... Goods ....................................... Services .................................... Impor ts.......................................... 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 ...................... 2013 I II III IV 1 105.008 106.467 105.640 105.994 106.165 106.685 107.024 2 106.009 107.187 106.622 106.909 106.878 107.387 107.573 3 106.666 106.140 106.900 106.641 105.740 106.326 105.853 4 96.467 94.708 95.746 95.487 95.016 94.456 93.871 5 110.375 111.028 110.460 110.707 111.048 111.128 111.228 6 93.972 92.061 93.454 93.438 92.770 91.402 90.632 7 81.424 77.005 79.611 78.621 77.390 76.406 75.603 8 104.174 103.981 103.999 104.015 104.011 104.482 103.417 9 111.765 111.927 112.522 112.264 111.126 112.362 111.958 10 106.657 107.777 107.163 107.503 107.647 107.970 107.989 11 104.651 105.634 105.405 105.729 105.019 106.244 105.543 12 153.621 149.595 156.856 153.941 144.463 151.494 148.482 13 105.312 105.545 105.535 105.316 105.372 105.693 105.797 14 105.689 107.740 106.493 107.060 107.477 107.946 108.477 15 16 17 18 19 105.980 103.616 106.286 106.750 105.622 108.032 106.211 107.784 108.005 107.454 106.809 104.507 106.946 107.100 106.421 107.422 105.162 107.560 107.780 106.904 107.747 105.996 107.392 107.295 107.016 108.215 106.500 107.819 108.189 107.654 108.743 107.186 108.364 108.755 108.240 20 106.842 109.066 107.601 108.194 109.074 109.437 109.559 21 110.057 111.935 111.701 111.682 111.508 112.215 112.333 22 106.415 108.747 106.996 108.083 108.625 108.759 109.520 23 98.932 101.028 99.156 98.674 101.281 101.780 102.375 24 105.479 107.716 106.234 106.816 107.447 107.967 108.634 25 107.736 110.042 108.676 109.630 109.598 110.124 110.816 26 27 28 29 30 101.646 101.852 101.977 103.732 100.187 103.415 103.781 103.168 106.887 100.549 102.196 102.386 102.350 104.164 100.673 102.726 102.967 102.692 105.189 100.601 103.206 103.478 103.008 106.521 100.500 103.641 103.982 103.303 107.347 100.578 104.086 104.699 103.669 108.491 100.520 31 96.235 94.863 95.791 95.405 94.989 94.591 94.467 32 90.060 89.266 89.629 89.401 89.438 89.291 88.932 33 98.840 97.229 98.384 97.931 97.335 96.840 96.810 34 105.783 106.341 106.261 106.462 106.289 106.282 106.331 35 96.994 98.600 98.326 98.304 98.224 98.948 98.924 36 101.797 103.125 102.707 102.785 103.154 103.328 103.231 37 103.169 104.247 103.325 103.816 104.071 104.322 104.777 38 98.522 98.525 97.992 98.368 98.748 98.605 98.382 39 109.522 112.083 110.412 111.261 111.523 112.100 113.449 40 41 42 43 44 45 46 47 48 49 50 51 99.370 101.246 ............. ............. ............. ............. 112.185 113.507 109.312 114.862 116.855 105.895 99.694 106.277 ............ ............ ............ ............ 112.415 113.150 110.842 113.810 115.468 106.378 99.726 102.500 ............. ............. ............. ............. 112.543 113.731 109.974 114.725 116.592 106.336 99.488 104.088 ............ ............ ............ ............ 112.944 114.060 110.531 114.873 116.779 106.309 99.227 105.396 ............. ............. ............. ............. 112.034 112.771 110.451 113.411 115.028 106.165 99.947 106.739 ............ ............ ............ ............ 112.303 112.921 110.981 113.480 115.140 106.033 100.113 108.886 ............. ............. ............. ............. 112.381 112.847 111.403 113.476 114.924 107.007 52 53 54 55 56 57 58 59 60 61 62 106.882 106.184 106.252 106.824 104.185 106.077 106.755 104.128 107.371 107.652 106.294 107.869 107.669 107.812 108.608 104.901 107.428 108.349 104.758 108.026 108.045 108.170 107.209 106.370 106.542 107.221 104.068 106.081 106.795 104.023 107.798 108.029 106.945 107.454 107.007 107.283 108.061 104.433 106.549 107.257 104.507 107.775 107.907 107.388 107.485 107.229 107.512 108.243 104.839 106.760 107.511 104.589 107.676 107.693 107.834 107.916 107.504 107.784 108.568 104.917 107.040 107.848 104.701 108.213 108.235 108.343 108.622 108.938 108.668 109.557 105.414 109.365 110.778 105.235 108.441 108.345 109.116 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. 5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. D–12 National Data February 2014 Table 1.5.5. Gross Domestic Product, Expanded Detail [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 16,244.6 11,149.6 3,769.7 1,202.7 401.7 275.1 334.5 191.3 2,567.0 863.3 354.6 417.0 932.1 7,379.9 7,089.4 2,013.9 1,847.6 318.1 416.6 701.7 821.0 970.4 290.5 1,194.1 903.6 2,475.2 2,409.1 1,970.0 437.3 907.6 284.5 79.2 205.4 195.3 214.4 213.4 625.0 281.6 269.1 74.3 439.2 66.1 –11.7 77.8 –547.2 2,195.9 1,536.0 659.9 2,743.1 2,295.4 447.7 3,167.0 1,295.7 817.1 652.0 165.1 478.6 359.7 118.9 1,871.3 1,536.4 334.9 16,803.0 11,499.3 3,888.9 1,265.2 424.6 286.5 348.8 205.3 2,623.7 884.3 363.5 407.8 968.1 7,610.4 7,319.9 2,081.6 1,914.0 324.2 427.1 737.5 847.6 987.8 290.5 1,232.6 942.1 2,672.0 2,561.4 2,045.0 456.6 937.3 289.0 77.5 211.5 202.7 217.9 227.8 651.0 294.6 280.8 75.7 516.4 110.5 40.7 69.9 –493.8 2,262.2 1,570.0 692.2 2,755.9 2,295.0 460.9 3,125.5 1,246.2 771.0 612.3 158.7 475.1 359.1 116.1 1,879.4 1,547.2 332.2 16,420.3 11,285.5 3,826.1 1,230.7 415.1 277.9 339.9 197.8 2,595.4 871.8 357.4 421.6 944.7 7,459.4 7,159.6 2,029.4 1,872.5 319.8 419.0 717.2 824.2 977.5 299.8 1,212.5 912.7 2,499.9 2,486.9 2,018.2 457.8 925.0 289.4 82.5 206.9 199.6 215.7 220.3 635.4 287.3 273.4 74.7 468.8 13.0 –15.6 28.6 –515.8 2,213.7 1,538.3 675.5 2,729.5 2,279.6 449.9 3,150.7 1,275.2 793.7 630.6 163.1 481.5 363.3 118.2 1,875.4 1,544.3 331.2 IV Gross domestic product................................................................................................ Personal consumption expenditures ................................................................................... Goods .................................................................................................................................. Durable goods .................................................................................................................. Motor vehicles and parts.............................................................................................. Furnishings and durable household equipment ........................................................... Recreational goods and vehicles ................................................................................. Other durable goods .................................................................................................... Nondurable goods ............................................................................................................ Food and beverages purchased for off-premises consumption ................................... Clothing and footwear .................................................................................................. Gasoline and other energy goods ................................................................................ Other nondurable goods .............................................................................................. Services ............................................................................................................................... Household consumption expenditures (for services) ....................................................... Housing and utilities ..................................................................................................... Health care................................................................................................................... Transportation services ................................................................................................ Recreation services ..................................................................................................... Food services and accommodations ........................................................................... Financial services and insurance................................................................................. Other services.............................................................................................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 Gross output of nonprofit institutions 2......................................................................... Less: Receipts from sales of goods and services by nonprofit institutions 3 ............... Gross private domestic investment...................................................................................... Fixed investment .................................................................................................................. Nonresidential .................................................................................................................. Structures .................................................................................................................... Equipment .................................................................................................................... Information processing equipment........................................................................... Computers and peripheral equipment ................................................................. Other .................................................................................................................... Industrial equipment ................................................................................................ Transportation equipment ........................................................................................ Other equipment ...................................................................................................... Intellectual property products....................................................................................... Software 4 ................................................................................................................ Research and development 5 .................................................................................. Entertainment, literary, and artistic originals ............................................................ Residential ....................................................................................................................... Change in private inventories............................................................................................... Farm................................................................................................................................. Nonfarm ........................................................................................................................... Net exports of goods and services ...................................................................................... Expor ts................................................................................................................................. Goods .............................................................................................................................. Services ........................................................................................................................... Imports ................................................................................................................................. Goods .............................................................................................................................. Services ........................................................................................................................... Government consumption expenditures and gross investment ....................................... Federal ................................................................................................................................. National defense .............................................................................................................. Consumption expenditures .......................................................................................... Gross investment ......................................................................................................... Nondefense...................................................................................................................... Consumption expenditures .......................................................................................... Gross investment ......................................................................................................... State and local ..................................................................................................................... Consumption expenditures .............................................................................................. Gross investment ............................................................................................................. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 2013 I 16,535.3 11,379.2 3,851.8 1,244.8 421.3 280.7 342.3 200.6 2,607.0 878.9 360.0 418.3 949.7 7,527.4 7,243.6 2,065.8 1,889.2 324.2 423.4 725.6 835.1 980.4 283.8 1,209.9 926.1 2,555.1 2,491.7 2,001.4 429.1 928.0 286.2 78.8 207.5 200.1 211.5 230.2 644.3 293.7 275.2 75.3 490.3 63.4 38.9 24.5 –523.1 2,214.2 1,531.6 682.6 2,737.3 2,281.9 455.3 3,124.1 1,255.0 775.8 619.7 156.1 479.2 362.6 116.6 1,869.1 1,543.0 326.1 II 16,661.0 11,427.1 3,848.5 1,257.5 421.7 284.7 346.3 204.7 2,591.0 877.6 362.8 391.7 958.9 7,578.6 7,290.2 2,082.6 1,902.9 322.8 422.8 732.9 842.0 984.4 288.4 1,227.2 938.8 2,621.0 2,543.8 2,030.6 452.6 934.6 291.4 75.7 215.7 199.3 214.7 229.2 643.5 290.4 277.4 75.6 513.2 77.2 40.4 36.9 –509.0 2,238.9 1,548.8 690.2 2,747.9 2,288.7 459.3 3,121.9 1,252.6 776.3 615.7 160.5 476.3 360.3 116.1 1,869.3 1,541.4 327.8 III 16,912.9 11,537.7 3,912.8 1,274.0 427.1 289.4 351.7 205.8 2,638.8 886.2 363.1 414.0 975.6 7,624.8 7,331.7 2,079.5 1,923.3 323.8 429.7 736.3 851.1 988.0 293.2 1,239.5 946.3 2,738.0 2,593.2 2,060.5 470.7 935.8 291.6 76.0 215.6 206.6 217.8 219.7 654.1 296.0 282.3 75.8 532.6 144.8 44.5 100.3 –500.2 2,265.8 1,572.1 693.7 2,766.0 2,304.5 461.5 3,137.5 1,251.2 777.3 614.9 162.5 473.9 357.5 116.3 1,886.3 1,550.8 335.6 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. 5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. IV 17,102.5 11,653.1 3,942.4 1,284.4 428.3 291.2 354.9 210.1 2,658.0 894.3 368.2 407.2 988.3 7,710.6 7,413.8 2,098.7 1,940.5 326.2 432.6 755.3 862.2 998.4 296.8 1,253.8 957.0 2,773.7 2,616.9 2,087.4 474.2 951.0 286.6 79.6 207.0 204.7 227.8 231.9 662.2 298.1 288.1 76.0 529.6 156.7 38.9 117.8 –442.8 2,329.7 1,627.4 702.2 2,772.5 2,305.0 467.5 3,118.6 1,225.8 754.7 598.8 155.8 471.1 355.8 115.3 1,892.7 1,553.5 339.2 February 2014 SURVEY OF CURRENT BUSINESS D–13 Table 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Gross domestic product................................................................................................ Personal consumption expenditures ................................................................................... Goods .................................................................................................................................. Durable goods .................................................................................................................. Motor vehicles and par ts.............................................................................................. Furnishings and durable household equipment ........................................................... Recreational goods and vehicles ................................................................................. Other durable goods .................................................................................................... Nondurable goods ............................................................................................................ Food and beverages purchased for off-premises consumption ................................... Clothing and footwear .................................................................................................. Gasoline and other energy goods ................................................................................ Other nondurable goods .............................................................................................. Services ............................................................................................................................... Household consumption expenditures (for services) ....................................................... Housing and utilities ..................................................................................................... Health care................................................................................................................... Transportation services ................................................................................................ Recreation services ..................................................................................................... Food services and accommodations ........................................................................... Financial services and insurance................................................................................. Other services.............................................................................................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 Gross output of nonprofit institutions 2......................................................................... Less: Receipts from sales of goods and services by nonprofit institutions 3 ............... Gross private domestic investment...................................................................................... Fixed investment .................................................................................................................. Nonresidential .................................................................................................................. Structures .................................................................................................................... Equipment .................................................................................................................... Information processing equipment........................................................................... Computers and peripheral equipment 4 ............................................................... Other .................................................................................................................... Industrial equipment ................................................................................................ Transportation equipment ........................................................................................ Other equipment ...................................................................................................... Intellectual property products....................................................................................... Software 5 ................................................................................................................ Research and development 6 .................................................................................. Entertainment, literary, and artistic originals ............................................................ Residential ....................................................................................................................... Change in private inventories............................................................................................... Farm................................................................................................................................. Nonfarm ........................................................................................................................... Net exports of goods and services ...................................................................................... Expor ts................................................................................................................................. Goods .............................................................................................................................. Services ........................................................................................................................... Imports ................................................................................................................................. Goods .............................................................................................................................. Services ........................................................................................................................... Government consumption expenditures and gross investment ....................................... Federal ................................................................................................................................. National defense .............................................................................................................. Consumption expenditures .......................................................................................... Gross investment ......................................................................................................... Nondefense...................................................................................................................... Consumption expenditures .......................................................................................... Gross investment ......................................................................................................... State and local ..................................................................................................................... Consumption expenditures .............................................................................................. Gross investment ............................................................................................................. Residual ................................................................................................................................... 2013 I II III IV 1 15,470.7 15,767.1 15,539.6 15,583.9 15,679.7 15,839.3 15,965.6 2 10,517.6 10,728.2 10,584.8 10,644.0 10,691.9 10,744.2 10,832.8 3 3,534.1 3,664.0 3,579.2 3,611.9 3,639.6 3,680.0 3,724.5 4 1,246.7 1,335.8 1,285.2 1,303.5 1,323.2 1,348.6 1,368.1 5 364.0 382.4 375.8 380.6 379.7 384.3 385.1 6 292.8 311.3 297.3 300.3 306.9 316.6 321.2 7 410.9 452.9 426.8 435.2 447.3 460.1 469.2 8 183.6 197.4 190.1 192.8 196.8 196.9 203.1 9 2,296.8 2,344.2 2,306.7 2,322.2 2,331.7 2,348.6 2,374.2 10 809.4 820.5 813.5 817.6 815.3 820.8 828.1 11 338.9 344.1 339.0 340.5 345.5 341.7 348.9 12 271.5 272.6 268.8 271.7 271.1 273.2 274.3 13 885.1 917.3 895.2 901.8 910.0 923.0 934.2 14 6,982.7 7,063.6 7,004.7 7,031.1 7,051.5 7,063.6 7,108.2 15 6,689.4 6,775.6 6,703.2 6,743.2 6,766.1 6,775.2 6,817.8 16 1,943.6 1,960.0 1,941.9 1,964.5 1,964.8 1,952.6 1,958.0 17 1,738.4 1,775.8 1,750.9 1,756.5 1,771.9 1,783.9 1,790.8 18 298.0 300.2 298.6 300.8 300.8 299.3 299.9 19 394.4 397.5 393.7 396.1 395.1 399.2 399.6 20 656.8 676.2 666.6 670.7 671.9 672.8 689.4 21 746.0 757.1 737.7 747.6 754.9 758.3 767.4 22 911.9 908.3 913.6 907.1 906.2 908.5 911.7 23 293.6 287.6 302.3 287.6 284.8 288.0 289.9 24 1,132.1 1,144.3 1,141.4 1,132.7 1,142.2 1,148.1 1,154.2 25 838.8 856.1 839.9 844.8 856.6 859.3 863.6 26 2,436.0 2,567.9 2,441.8 2,470.1 2,524.9 2,627.2 2,649.4 27 2,365.3 2,468.0 2,429.1 2,420.0 2,458.4 2,494.0 2,499.6 28 1,931.8 1,982.1 1,971.9 1,949.0 1,971.3 1,994.7 2,013.5 29 421.6 427.0 439.4 407.9 424.8 438.4 437.0 30 905.9 932.2 918.8 922.5 929.9 930.4 946.1 31 295.7 304.6 302.1 300.0 306.8 308.3 303.4 32 .................... ................... .................... .................... ................... ................... .................... 33 207.8 217.5 210.3 211.8 221.6 222.7 213.9 34 184.6 190.6 187.8 188.0 187.5 194.4 192.5 35 221.0 221.0 219.4 215.1 218.5 220.1 230.2 36 209.7 220.9 214.5 224.0 222.2 212.7 224.7 37 605.8 624.5 614.9 620.6 618.3 627.0 632.0 38 285.9 299.0 293.1 298.6 294.1 300.2 302.9 39 245.7 250.5 247.6 247.4 248.8 251.9 254.0 40 74.8 75.9 74.9 75.7 76.2 75.8 75.9 41 433.7 486.0 457.5 471.2 487.1 499.2 486.5 42 57.6 85.4 7.3 42.2 56.6 115.7 127.2 43 –7.2 19.8 –9.6 16.0 19.5 22.8 20.9 44 68.7 62.0 20.3 22.2 32.7 89.2 103.8 45 –430.8 –409.1 –412.1 –422.3 –424.4 –419.8 –370.1 46 1,957.4 2,012.4 1,967.0 1,960.5 1,998.4 2,017.6 2,073.0 47 1,353.2 1,387.7 1,352.6 1,342.8 1,373.4 1,392.2 1,442.2 48 603.7 624.5 614.2 617.5 624.9 625.1 630.3 49 2,388.2 2,421.5 2,379.1 2,382.7 2,422.9 2,437.3 2,443.1 50 1,964.3 1,987.6 1,955.1 1,954.0 1,989.6 2,001.4 2,005.6 51 422.8 433.3 423.1 428.3 432.6 435.2 436.8 52 2,963.1 2,897.6 2,938.8 2,907.4 2,904.5 2,907.4 2,871.0 53 1,220.3 1,157.5 1,198.9 1,172.8 1,168.2 1,163.9 1,125.2 54 769.1 715.2 745.0 723.1 722.0 721.2 694.5 55 610.4 563.8 588.1 573.4 568.8 566.3 546.6 56 158.5 151.3 156.8 149.5 153.1 154.9 147.8 57 451.2 442.4 453.9 449.8 446.2 442.7 430.8 58 336.9 331.5 340.2 338.1 335.1 331.5 321.2 59 114.2 110.8 113.7 111.6 111.0 111.1 109.6 60 1,742.8 1,739.7 1,739.8 1,734.3 1,736.0 1,743.2 1,745.4 61 1,427.1 1,432.0 1,429.5 1,429.9 1,431.3 1,432.8 1,433.9 62 315.1 307.1 309.6 303.7 304.0 309.7 310.8 63 –34.1 –39.5 –45.1 –38.0 –41.2 –40.2 –37.7 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. 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 impor tance 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. 5. Excludes software “embedded,” or bundled, in computers and other equipment. 6. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. NOTE. The residual line is the difference between the first line and the sum of the most detailed lines. National Data D–14 February 2014 Table 1.6.4. Price Indexes for Gross Domestic Purchases Table 1.6.7. Percent Change From Preceding Period in Prices for Gross Domestic Purchases [Index numbers, 2009=100] [Percent] Seasonally adjusted at annual rates Seasonally adjusted Line Gross domestic purchases .................. Personal consumption expenditures....... Goods ...................................................... Durable goods ..................................... Motor vehicles and par ts ................. Furnishings and durable household equipment ................................... Recreational goods and vehicles .... Other durable goods........................ Nondurable goods ............................... Food and beverages purchased for off-premises consumption ........... Clothing and footwear ..................... Gasoline and other energy goods ... Other nondurable goods.................. Services .................................................. Household consumption expenditures Housing and utilities ........................ Health care ...................................... Transportation services ................... Recreation services......................... Food services and accommodations Financial services and insurance .... Other services ................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) ...................... Gross private domestic investment ......... Fixed investment...................................... Nonresidential ..................................... Structures ........................................ Equipment ....................................... Information processing equipment ............................... Computers and peripheral equipment ........................... Other ....................................... Industrial equipment .................... Transportation equipment............ Other equipment ......................... Intellectual property products .......... Software 1 ................................... Research and development......... Entertainment, literary, and artistic originals ....................... 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 3...................................................... Energy goods and services ..................... Gross domestic purchases excluding food and energy .................................. Gross domestic product .......................... Gross domestic product excluding final sales of computers .............. Food 3 ............................................. Energy goods and services ............. Gross domestic product excluding food and energy .......................... Final sales of domestic product ............... Final sales to domestic purchasers ......... Implicit price deflator for gross domestic purchases ............................................ Line 2012 2012 2013 2012 2013 IV I II III IV 1 2 3 4 5 105.599 106.009 106.666 96.467 110.375 106.834 107.187 106.140 94.708 111.028 106.150 106.622 106.900 95.746 110.460 106.467 106.909 106.641 95.487 110.707 106.526 106.878 105.740 95.016 111.048 107.010 107.387 106.326 94.456 111.128 107.331 107.573 105.853 93.871 111.228 6 7 8 9 93.972 81.424 104.174 111.765 92.061 77.005 103.981 111.927 93.454 79.611 103.999 112.522 93.438 78.621 104.015 112.264 92.770 77.390 104.011 111.126 91.402 76.406 104.482 112.362 90.632 75.603 103.417 111.958 10 11 12 13 14 15 16 17 18 19 20 21 22 106.657 104.651 153.621 105.312 105.689 105.980 103.616 106.286 106.750 105.622 106.842 110.057 106.415 107.777 105.634 149.595 105.545 107.740 108.032 106.211 107.784 108.005 107.454 109.066 111.935 108.747 107.163 105.405 156.856 105.535 106.493 106.809 104.507 106.946 107.100 106.421 107.601 111.701 106.996 107.503 105.729 153.941 105.316 107.060 107.422 105.162 107.560 107.780 106.904 108.194 111.682 108.083 107.647 105.019 144.463 105.372 107.477 107.747 105.996 107.392 107.295 107.016 109.074 111.508 108.625 107.970 106.244 151.494 105.693 107.946 108.215 106.500 107.819 108.189 107.654 109.437 112.215 108.759 107.989 105.543 148.482 105.797 108.477 108.743 107.186 108.364 108.755 108.240 109.559 112.333 109.520 23 24 25 26 27 28 98.932 101.646 101.852 101.977 103.732 100.187 101.028 103.415 103.781 103.168 106.887 100.549 99.156 102.196 102.386 102.350 104.164 100.673 98.674 102.726 102.967 102.692 105.189 100.601 101.281 103.206 103.478 103.008 106.521 100.500 101.780 103.641 103.982 103.303 107.347 100.578 102.375 104.086 104.699 103.669 108.491 100.520 29 96.235 94.863 95.791 95.405 94.989 94.591 94.467 30 31 32 33 34 35 36 37 90.060 98.840 105.783 96.994 101.797 103.169 98.522 109.522 89.266 97.229 106.341 98.600 103.125 104.247 98.525 112.083 89.629 98.384 106.261 98.326 102.707 103.325 97.992 110.412 89.401 97.931 106.462 98.304 102.785 103.816 98.368 111.261 89.438 97.335 106.289 98.224 103.154 104.071 98.748 111.523 89.291 96.840 106.282 98.948 103.328 104.322 98.605 112.100 88.932 96.810 106.331 98.924 103.231 104.777 98.382 113.449 38 39 40 41 42 99.370 101.246 ............ ............ ............ 99.694 106.277 ............ ............ ............ 99.726 102.500 ............ ............ ............ 99.488 104.088 ............. ............. ............. 99.227 105.396 ............ ............ ............ 99.947 106.739 ............ ............ ............ 100.113 108.886 ............ ............ ............ 43 44 45 46 47 48 49 50 51 52 53 106.882 106.184 106.252 106.824 104.185 106.077 106.755 104.128 107.371 107.652 106.294 107.869 107.669 107.812 108.608 104.901 107.428 108.349 104.758 108.026 108.045 108.170 107.209 106.370 106.542 107.221 104.068 106.081 106.795 104.023 107.798 108.029 106.945 107.454 107.007 107.283 108.061 104.433 106.549 107.257 104.507 107.775 107.907 107.388 107.485 107.229 107.512 108.243 104.839 106.760 107.511 104.589 107.676 107.693 107.834 107.916 107.504 107.784 108.568 104.917 107.040 107.848 104.701 108.213 108.235 108.343 108.622 108.938 108.668 109.557 105.414 109.365 110.778 105.235 108.441 108.345 109.116 54 84.085 80.602 82.577 81.668 80.960 80.238 79.540 55 105.808 107.092 106.379 106.710 106.778 107.275 107.606 56 106.231 107.182 106.852 107.221 107.313 107.451 106.743 57 129.419 128.031 131.262 129.776 125.637 129.185 127.525 58 104.706 106.040 105.209 105.580 105.778 106.179 106.624 59 105.008 106.467 105.640 105.994 106.165 106.685 107.024 60 105.145 106.653 105.799 106.164 106.346 106.878 107.225 61 107.375 108.620 108.958 109.260 108.868 108.721 107.631 62 98.431 97.901 100.490 98.080 96.673 98.835 98.014 63 105.016 106.539 105.562 105.983 106.230 106.743 107.202 64 105.033 106.516 105.663 106.024 106.199 106.731 107.112 65 105.624 106.881 106.171 106.496 106.559 107.053 107.415 66 105.594 106.934 106.177 106.576 106.619 107.102 107.427 1. Excludes software “embedded,” or bundled, in computers and other equipment. 2. Some components of final sales of computers include computer parts. 3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services. 2013 2012 IV Gross domestic purchases................... Personal consumption expenditures ....... Goods ...................................................... Durable goods ..................................... Motor vehicles and parts ................. Furnishings and durable household equipment.................................... Recreational goods and vehicles..... Other durable goods ........................ Nondurable goods ............................... Food and beverages purchased for off-premises consumption ........... Clothing and footwear ...................... Gasoline and other energy goods ... Other nondurable goods .................. Services ................................................... Household consumption expenditures Housing and utilities ........................ Health care ...................................... Transportation services ................... Recreation services ......................... Food services and accommodations Financial services and insurance .... Other services ................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) ...................... Gross private domestic investment ......... Fixed investment ...................................... Nonresidential...................................... Structures ........................................ Equipment ....................................... Information processing equipment................................ Computers and peripheral equipment............................ Other ....................................... Industrial equipment .................... Transportation equipment ............ Other equipment.......................... Intellectual property products .......... Software 1.................................... Research and development ......... Entertainment, literary, and artistic originals ....................... 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 3 ...................................................... Energy goods and services ..................... Gross domestic purchases excluding food and energy................................... Gross domestic product........................... Gross domestic product excluding final sales of computers............... Food 3 .............................................. Energy goods and services ............. Gross domestic product excluding food and energy........................... Final sales of domestic product ............... Final sales to domestic purchasers ......... Implicit price deflator for gross domestic purchases 4 ......................................... 2013 II III IV 1 2 3 4 5 1.7 1.8 1.3 –1.2 1.6 1.2 1.1 –0.5 –1.8 0.6 1.6 1.6 0.7 –2.1 –0.3 I 1.2 1.1 –1.0 –1.1 0.9 0.2 –0.1 –3.3 –2.0 1.2 1.8 1.9 2.2 –2.3 0.3 1.2 0.7 –1.8 –2.5 0.4 6 7 8 9 –0.3 –6.1 0.6 2.4 –2.0 –5.4 –0.2 0.1 –1.9 –5.4 0.1 2.0 –0.1 –4.9 0.1 –0.9 –2.8 –6.1 0.0 –4.0 –5.8 –5.0 1.8 4.5 –3.3 –4.1 –4.0 –1.4 10 11 12 13 14 15 16 17 18 19 20 21 22 2.3 3.6 3.4 1.7 2.2 2.3 1.9 1.8 1.9 2.7 2.8 3.9 2.1 1.1 0.9 –2.6 0.2 1.9 1.9 2.5 1.4 1.2 1.7 2.1 1.7 2.2 1.8 2.1 7.7 –0.3 2.1 2.1 2.8 1.3 1.3 1.5 1.5 3.3 2.0 1.3 0.5 1.2 –2.7 –7.2 –22.4 –0.8 0.2 2.1 1.6 2.3 1.2 2.5 3.2 2.3 –0.6 2.6 –1.8 1.8 0.4 2.2 3.3 –0.1 –0.6 4.1 2.0 1.2 4.7 20.9 1.2 1.8 1.7 1.9 1.6 3.4 2.4 1.3 2.6 0.5 0.1 –2.6 –7.7 0.4 2.0 2.0 2.6 2.0 2.1 2.2 0.4 0.4 2.8 23 24 25 26 27 28 –0.7 1.3 1.3 1.4 1.9 1.3 2.1 1.7 1.9 1.2 3.0 0.4 2.6 1.5 1.3 0.8 1.2 1.5 –1.9 2.1 2.3 1.3 4.0 –0.3 11.0 1.9 2.0 1.2 5.2 –0.4 2.0 1.7 2.0 1.2 3.1 0.3 2.4 1.7 2.8 1.4 4.3 –0.2 29 –1.2 –1.4 –1.4 –1.6 –1.7 –1.7 –0.5 30 31 32 33 34 35 36 37 –2.1 –0.8 1.7 2.2 3.4 1.4 –0.6 3.8 –0.9 –1.6 0.5 1.7 1.3 1.0 0.0 2.3 –1.9 –1.3 1.5 5.4 1.6 –0.6 –1.4 0.0 –1.0 –1.8 0.8 –0.1 0.3 1.9 1.5 3.1 0.2 –2.4 –0.6 –0.3 1.4 1.0 1.6 0.9 –0.7 –2.0 0.0 3.0 0.7 1.0 –0.6 2.1 –1.6 –0.1 0.2 –0.1 –0.4 1.8 –0.9 4.9 38 0.4 0.3 0.0 –1.0 –1.0 2.9 0.7 39 0.9 5.0 4.0 6.3 5.1 5.2 8.3 40 .......... .......... ......... .......... .......... .......... .......... 41 .......... .......... ......... .......... .......... .......... .......... 42 .......... .......... ......... .......... .......... .......... .......... 43 44 45 46 47 48 49 50 51 52 53 1.3 0.8 1.0 1.1 0.8 0.4 0.5 0.2 1.6 1.2 3.2 0.9 1.4 1.5 1.7 0.7 1.3 1.5 0.6 0.6 0.4 1.8 1.4 0.6 0.8 1.4 –1.3 0.1 0.2 –0.5 1.9 2.1 1.2 0.9 2.4 2.8 3.2 1.4 1.8 1.7 1.9 –0.1 –0.5 1.7 0.1 0.8 0.9 0.7 1.6 0.8 1.0 0.3 –0.4 –0.8 1.7 1.6 1.0 1.0 1.2 0.3 1.1 1.3 0.4 2.0 2.0 1.9 2.6 5.4 3.3 3.7 1.9 9.0 11.3 2.1 0.8 0.4 2.9 54 –5.0 –4.1 –6.5 –4.3 –3.4 –3.5 –3.4 55 56 57 1.7 2.2 1.4 1.2 0.9 –1.1 1.6 2.5 6.4 1.3 0.3 1.4 0.3 –4.5 –12.2 1.9 0.5 11.8 1.2 –2.6 –5.0 58 59 1.6 1.7 1.3 1.4 1.3 1.1 1.4 1.3 0.8 0.6 1.5 2.0 1.7 1.3 60 61 62 1.8 3.2 0.8 1.4 1.2 1.2 3.0 –0.5 –14.7 1.4 1.1 –9.3 0.7 –1.4 –5.6 2.0 –0.5 9.3 1.3 –4.0 –3.3 63 64 65 1.7 1.8 1.7 1.5 1.4 1.2 1.4 1.1 1.5 1.6 1.4 1.2 0.9 0.7 0.2 1.9 2.0 1.9 1.7 1.4 1.4 66 1.6 1.3 1.9 1.5 0.2 1.8 1.2 1. Excludes software “embedded,” or bundled, in computers and other equipment. 2. Some components of final sales of computers include computer parts. 3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services. 4. The percent change for this series is calculated from the implicit price deflator in NIPA table 1.6.4. SURVEY OF CURRENT BUSINESS February 2014 Table 1.6.8. Contributions to Percent Change in the Gross Domestic Purchases Price Index D–15 Table 1.7.1. Percent Change from Preceding Period in Real Gross Domestic Product, Real Gross National Product, and Real Net National Product [Percent] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Percent change at annual rate: Gross domestic purchases ........... Percentage points at annual rates: Personal consumption expenditures Goods ............................................... Durable goods .............................. Motor vehicles and par ts .......... Furnishings and durable household equipment ........... Recreational goods and vehicles ................................ Other durable goods................. Nondurable goods ........................ Food and beverages purchased for off-premises consumption Clothing and footwear .............. Gasoline and other energy goods ................................... Other nondurable goods........... Services ........................................... Household consumption expenditures ............................. Housing and utilities ................. Health care ............................... Transportation services ............ Recreation services.................. Food services and accommodations .................. Financial services and insurance.............................. Other services .......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs) ............... Gross private domestic investment Fixed investment............................... Nonresidential .............................. Structures ................................. Equipment ................................ Information processing equipment ........................ Computers and peripheral equipment .................... Other ................................ Industrial equipment ............. Transportation equipment..... Other equipment .................. Intellectual property products ... Software 1 ............................ Research and development Entertainment, literary, and ar tistic originals ................ 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 3............................................... Energy goods and services .............. Gross domestic purchases excluding food and energy ........................... Seasonally adjusted at annual rates 2013 I II Line III 2012 2013 IV 1 1.7 1.2 1.6 1.2 0.2 1.8 1.2 2 3 4 5 1.23 0.28 –0.09 0.04 0.74 –0.11 –0.13 0.01 1.08 0.16 –0.15 –0.01 0.72 –0.22 –0.08 0.02 –0.08 –0.76 –0.14 0.03 1.27 0.50 –0.17 0.01 0.46 –0.40 –0.18 0.01 6 0.00 –0.03 –0.03 0.00 –0.05 –0.10 –0.06 7 8 9 –0.13 0.01 0.37 –0.11 0.00 0.02 –0.11 0.00 0.31 –0.10 0.00 –0.14 –0.13 0.00 –0.62 –0.10 0.02 0.67 –0.09 –0.05 –0.22 10 11 0.12 0.08 0.05 0.02 0.09 0.04 0.07 0.03 0.03 –0.06 0.06 0.10 0.00 –0.06 12 13 14 0.08 0.09 0.95 –0.06 0.01 0.85 0.19 –0.02 0.93 –0.19 –0.05 0.94 –0.60 0.01 0.69 0.45 0.07 0.77 –0.19 0.02 0.86 15 16 17 18 19 0.96 0.23 0.20 0.04 0.07 0.82 0.30 0.16 0.02 0.04 0.88 0.33 0.15 0.03 0.04 0.97 0.30 0.25 0.05 0.05 0.51 0.38 –0.07 –0.03 0.01 0.74 0.23 0.18 0.06 0.06 0.82 0.31 0.22 0.04 0.05 20 0.12 0.09 0.06 0.09 0.14 0.06 0.02 21 22 0.19 0.12 0.08 0.13 0.16 0.11 0.00 0.23 –0.03 0.12 0.13 0.03 0.02 0.16 23 24 25 26 27 28 –0.01 0.18 0.19 0.17 0.05 0.07 0.04 0.26 0.28 0.14 0.08 0.02 0.04 0.21 0.20 0.09 0.03 0.08 –0.03 0.31 0.33 0.16 0.10 –0.02 0.17 0.28 0.29 0.14 0.13 –0.02 0.03 0.26 0.29 0.14 0.08 0.02 0.04 0.27 0.41 0.17 0.11 –0.01 2012 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....................................... Government .......................... General government ......... Government enterprises ... Equals: Net national product ..... Addenda: Gross domestic income 1 ......... Gross national income 2 ........... Net domestic product ................ Net domestic income 3 ............. Net domestic purchases ........... Gross national product, current dollars ................................... 2013 I II III IV 1 2.8 1.9 0.1 1.1 2.5 4.1 2 0.3 ............. 7.4 –8.9 1.5 0.6 ............. 3.2 3 4 5 6 7 8 9 10 2.6 ............. 2.7 ............. 1.7 2.0 1.8 2.2 1.4 1.1 1.4 1.1 1.6 1.4 2.8 ............. 4.4 0.3 1.9 2.0 1.2 1.1 1.4 0.1 1.0 0.6 2.0 2.3 1.1 1.0 1.3 0.4 –4.1 2.7 2.0 2.3 1.1 1.0 1.4 2.8 –9.2 ............. 4.4 ............. 2.0 2.0 2.2 2.3 1.1 1.1 1.1 1.1 1.5 1.5 4.9 ............. 11 12 13 14 15 2.5 ............. 2.4 ............. 3.0 1.9 2.7 ............. 2.7 1.7 4.9 5.0 –0.2 5.4 –0.9 2.4 1.9 1.0 2.5 1.3 3.2 3.4 2.6 3.4 2.6 1.8 ............. 2.1 ............. 4.5 3.4 1.7 ............. 4.2 1.8 16 4.4 ............. 1.8 2.3 3.3 6.5 ............. 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. Table 1.7.3. Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity Indexes [Index numbers, 2009=100] 29 –0.02 –0.02 –0.02 –0.03 –0.03 –0.03 –0.01 30 31 32 33 34 35 36 37 –0.01 –0.01 0.02 0.03 0.04 0.05 –0.01 0.06 0.00 –0.02 0.01 0.02 0.02 0.04 0.00 0.04 –0.01 –0.02 0.02 0.07 0.02 –0.02 –0.02 0.00 0.00 –0.02 0.01 0.00 0.00 0.07 0.03 0.05 0.00 –0.03 –0.01 0.00 0.02 0.04 0.03 0.02 0.00 –0.03 0.00 0.04 0.01 0.04 –0.01 0.03 –0.01 0.00 0.00 0.00 0.00 0.07 –0.02 0.08 38 39 40 41 42 0.00 0.02 0.00 –0.01 0.00 0.00 0.14 –0.02 –0.01 –0.01 0.00 0.11 0.02 0.03 –0.02 0.00 0.17 –0.02 0.00 –0.03 0.00 0.15 –0.01 –0.01 0.00 0.01 0.15 –0.03 –0.04 0.02 0.00 0.24 –0.14 –0.09 –0.05 43 44 45 46 47 48 49 50 51 52 53 0.24 0.06 0.05 0.04 0.01 0.01 0.01 0.00 0.18 0.11 0.06 0.17 0.10 0.07 0.06 0.01 0.03 0.03 0.00 0.07 0.03 0.03 0.25 0.04 0.04 0.05 –0.01 0.00 0.00 0.00 0.21 0.19 0.02 0.17 0.18 0.13 0.12 0.01 0.05 0.04 0.01 –0.01 –0.04 0.03 0.02 0.06 0.04 0.02 0.01 0.02 0.02 0.00 –0.04 –0.07 0.03 0.29 0.08 0.05 0.04 0.00 0.03 0.03 0.00 0.22 0.18 0.04 0.47 0.38 0.14 0.13 0.02 0.23 0.22 0.01 0.09 0.04 0.06 Seasonally adjusted Line 2012 2013 2012 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....................................... Government .............................. General government ............. Government enterprises ....... Equals: Net national product ..... Addenda: Net domestic product ................ Net domestic purchases ........... –0.04 –0.04 –0.05 –0.04 –0.03 –0.03 –0.03 55 56 57 1.69 0.11 0.05 1.20 0.05 –0.04 1.61 0.13 0.23 1.24 0.07 –0.16 0.25 0.02 –0.48 1.86 0.03 0.41 1.23 –0.14 –0.19 58 1.49 1.16 1.20 1.29 0.68 1.39 1.53 1. Excludes software “embedded,” or bundled, in computers and other equipment. 2. Some components of final sales of computers include computer parts. 3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services. II III IV 1 107.302 109.358 107.780 108.087 108.751 109.859 110.734 2 109.605 ............. 110.534 107.999 108.414 108.580 ............. 3 4 5 6 7 8 9 10 98.152 107.744 103.610 103.025 106.138 106.103 106.393 108.537 ............. ............. 105.647 105.256 107.341 107.269 107.865 ............. 98.837 108.237 104.324 103.792 106.622 106.577 106.955 108.987 99.077 108.408 104.849 104.373 106.905 106.852 107.293 109.091 98.057 109.123 105.380 104.962 107.186 107.121 107.663 109.841 95.712 110.314 105.911 105.547 107.487 107.409 108.052 111.159 ............. ............. 106.449 106.140 107.786 107.695 108.453 ............. 11 108.019 110.079 108.451 108.717 109.407 110.626 111.568 12 108.081 109.888 108.337 108.679 109.368 110.506 110.998 Table 1.7.4. Price Indexes for Gross Domestic Product, Gross National Product, and Net National Product [Index numbers, 2009=100] Seasonally adjusted Line 2012 2013 2012 IV 54 2013 I Gross domestic product ............ Plus: Income receipts from the rest of the world ........................ Less: Income payments to the rest of the world ............................... Equals: Gross national product Less: Consumption of fixed capital Private....................................... Government .............................. General government ............. Government enterprises ....... Equals: Net national product ..... Addenda: Net domestic product ................ Net domestic purchases ........... 2013 I II III IV 1 105.008 106.467 105.640 105.994 106.165 106.685 107.024 2 116.025 ............. 116.626 116.985 117.067 117.610 ............. 3 4 5 6 7 8 9 10 116.085 105.131 103.626 103.294 105.046 104.855 106.466 105.420 ............. ............. 105.773 105.649 106.312 105.859 109.667 ............. 116.721 105.762 104.220 103.950 105.380 105.137 107.185 106.057 117.063 106.116 104.859 104.652 105.752 105.333 108.857 106.358 117.103 106.287 105.455 105.311 106.077 105.617 109.486 106.450 117.645 106.807 106.032 105.956 106.362 105.883 109.914 106.960 ............. ............. 106.746 106.675 107.056 106.603 110.411 ............. 11 105.277 106.606 105.916 106.216 106.306 106.816 107.084 12 105.969 107.036 106.512 106.770 106.731 107.198 107.446 National Data D–16 February 2014 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 (2009) dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 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 ..... Equals: Net national product... Less: Statistical discrepancy 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, domestic Net interest and miscellaneous payments on assets ................................. Business current transfer payments (net).................... Current surplus of government enterprises ......................... Plus: Personal income receipts on assets ................................ Plus: Personal current transfer receipts ................................... Equals: Personal income ......... Addenda: Gross domestic income .......... Gross national income............ Gross national factor income 1 Net domestic product ............. Net domestic income .............. Net national factor income 2 ... Net domestic purchases ......... Seasonally adjusted at annual rates 2013 I II Line III 2013 IV 1 16,244.6 16,803.0 16,420.3 16,535.3 16,661.0 16,912.9 17,102.5 2 818.6 ............. 829.8 813.3 817.0 822.0 ............. 3 565.7 ............. 572.8 575.9 570.1 559.1 ............. 4 16,497.4 ............. 16,677.3 16,772.7 16,907.9 17,175.9 ............. 5 2,542.9 2,646.6 2,575.0 2,603.8 2,631.9 2,659.6 2,691.1 6 2,049.3 2,141.4 2,077.6 2,103.3 2,128.5 2,153.5 2,180.3 7 1,639.4 1,707.4 1,661.4 1,680.6 1,698.9 1,715.8 1,734.3 8 1,595.0 1,673.8 1,614.1 1,650.6 1,666.1 1,681.4 1,697.2 9 –44.4 –33.6 –47.3 –30.0 –32.8 –34.4 –37.1 10 409.9 434.0 416.2 422.7 429.6 437.7 445.9 11 493.6 505.2 497.4 500.5 503.4 506.1 510.9 12 434.2 443.2 437.3 439.2 441.5 443.8 448.0 13 59.4 62.1 60.2 61.3 61.9 62.3 62.8 14 13,954.6 ............. 14,102.3 14,168.9 14,276.0 14,516.3 ............. 15 –17.0 ............. –101.7 –155.6 –186.8 –92.6 ............. 16 13,971.6 ............. 14,204.0 14,324.5 14,462.7 14,608.9 ............. 17 2,009.5 ............. 2012 2,047.2 2,020.6 2,087.4 2,126.6 ............. 2012 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..................................... Government ............................ General government ........... Government enterprises ..... Equals: Net national product ... Addenda: Gross domestic income 1 ....... Gross national income 2 ......... Net domestic product .............. Net domestic income 3 ........... Net domestic purchases ......... 2013 I II III IV 1 15,470.7 15,767.1 15,539.6 15,583.9 15,679.7 15,839.3 15,965.6 2 705.5 .............. 711.5 695.2 697.9 698.9 ............. 3 487.3 .............. 490.7 491.9 486.9 475.2 ............. 4 15,693.1 .............. 15,764.8 15,789.7 15,893.9 16,067.4 ............. 5 2,453.9 2,502.1 2,470.8 2,483.2 2,495.8 2,508.4 2,521.1 6 1,983.9 2,026.9 1,998.7 2,009.9 2,021.2 2,032.5 2,043.9 7 469.9 475.2 472.0 473.3 474.5 475.9 477.2 8 414.1 418.6 415.9 417.0 418.0 419.2 420.3 9 55.8 56.6 56.1 56.3 56.5 56.7 56.9 10 13,238.0 .............. 13,292.9 13,305.5 13,397.1 13,557.8 ............. 11 12 13 14 15 15,487.0 15,709.2 13,015.8 13,032.0 13,447.1 .............. .............. 13,264.1 .............. 13,672.0 15,636.0 15,861.0 13,067.9 13,163.9 13,479.0 15,730.6 15,936.3 13,099.9 13,246.2 13,521.6 15,855.4 16,069.4 13,183.0 13,358.5 13,607.3 15,926.1 16,154.0 13,330.0 13,416.6 13,749.0 ............. ............. 13,443.4 ............. 13,810.0 1. Gross domestic income deflated by the implicit price deflator for gross domestic product. 2. Gross national income deflated by the implicit price deflator for gross national product. 3. Net domestic income deflated by the implicit price deflator for net domestic product. NOTE. Except as noted in footnotes 1, 2 and 3, chained (2009) dollar series are calculated as the product of the chaintype quantity index and the 2009 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. 18 1,065.6 1,088.7 1,068.6 1,082.7 1,079.9 1,089.9 1,102.3 19 950.7 1,106.0 967.9 1,093.7 1,103.3 1,109.1 1,118.1 20 439.6 468.3 430.3 477.0 444.0 467.2 485.0 Table 1.8.3. Command-Basis Real Gross Domestic Product and Gross National Product, Quantity Indexes 21 106.9 124.1 99.5 121.9 125.8 120.1 128.8 [Index numbers, 2009=100] 22 –27.7 –39.8 –31.8 –35.5 –39.0 –41.4 –43.2 Seasonally adjusted 23 1,958.5 1,997.6 2,062.8 1,935.8 1,994.0 2,030.7 2,030.0 Line 2012 2013 24 2,358.3 2,444.9 2,388.0 2,426.0 2,430.9 2,458.0 2,464.8 25 13,743.8 14,133.5 14,073.1 13,925.9 14,086.2 14,226.2 14,295.6 26 27 28 29 30 31 32 16,261.6 16,514.5 15,369.6 13,701.7 13,718.8 12,826.8 14,248.9 ............. ............. ............. 14,156.3 ............. ............. 14,650.1 16,522.0 16,779.1 15,642.8 13,845.3 13,947.0 13,067.8 14,361.1 16,690.9 16,928.3 15,759.2 13,931.5 14,087.1 13,155.4 14,454.6 16,847.8 17,094.6 15,927.9 14,029.1 14,215.9 13,296.0 14,538.1 17,005.6 17,268.5 16,099.9 14,253.3 14,346.0 13,440.3 14,753.5 ............. ............. ............. 14,411.3 ............. ............. 14,854.1 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. 2012 IV Gross domestic product ............ Less: Expor ts of goods and services .................................... Plus: Impor ts of goods and services .................................... Equals: Gross domestic purchases ................................ Plus: Exports of goods and services, command basis 1....... Less: Imports of goods and services, command basis 1....... Equals: Command-basis gross domestic product 1, 2 .............. Plus: Income receipts from the rest of the world, command basis 1....................................... Less: Income payments to the rest of the world, command basis 1 Equals: Command-basis gross national product 1, 3 ................ Addenda: Command-basis net domestic product 4 ............................... Net domestic product ................ Command-basis net national product 4 ............................... Net national product.................. Percent change from preceding period (seasonally adjusted at annual rates): Real gross domestic product Command-basis gross domestic product .............. Real gross national product Command-basis gross national product ................ 2013 I II III IV 1 107.302 109.358 107.780 108.087 108.751 109.859 110.734 2 123.590 127.060 124.196 123.781 126.181 127.389 130.888 3 120.860 122.546 120.398 120.584 122.615 123.347 123.638 4 107.374 109.217 107.702 108.073 108.737 109.779 110.278 5 131.297 133.694 131.697 131.333 132.725 133.710 137.068 6 131.461 130.548 130.155 130.136 130.569 130.835 130.747 7 106.695 109.087 107.291 107.721 108.479 109.621 110.518 8 120.425 ............. 121.462 118.688 119.160 119.354 ............. 9 107.898 ............. 108.681 108.938 107.793 105.224 ............. 10 107.261 ............. 107.870 108.164 108.974 110.201 ............. 11 107.306 109.761 107.879 108.289 109.087 110.347 111.313 12 108.019 110.079 108.451 108.717 109.407 110.626 111.568 13 107.967 ............. 108.557 108.806 109.668 111.028 ............. 14 108.537 ............. 108.987 109.091 109.841 111.159 ............. 15 2.8 1.9 0.1 1.1 2.5 4.1 16 17 2.9 2.2 2.7 ............. 0.0 0.3 1.6 0.6 2.8 2.7 4.3 3.3 4.4 ............. 18 2.8 ............. 0.2 1.1 3.0 4.6 ............. 1. Deflator is the gross domestic purchases price index. 2. This measure is called “real gross domestic income” in the System of National Accounts, 2008. 3. This measure is called “real gross national income” in the System of National Accounts, 2008. 4. Deflator is the net domestic purchases price index. 3.2 February 2014 SURVEY OF CURRENT BUSINESS D–17 Table 1.8.6. Command-Basis Real Gross Domestic Product and Gross National Product, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Gross domestic product...................................................................................................... Less: Exports of goods and services ..................................................................................... Plus: Imports of goods and services ...................................................................................... Equals: Gross domestic purchases ................................................................................... Plus: Exports of goods and services, command basis 1 ........................................................ Less: Impor ts of goods and services, command basis 1 ....................................................... Equals: Command-basis gross domestic product 1, 2 ...................................................... Plus: Income receipts from the rest of the world, command basis 1 ...................................... Less: Income payments to the rest of the world, command basis 1 ....................................... Equals: Command-basis gross national product 1, 3 ........................................................ Addenda: Command-basis net domestic product 4 ............................................................................ Net domestic product ......................................................................................................... Command-basis net national product 4.............................................................................. Net national product ........................................................................................................... Trade indexes (seasonally adjusted): Trading gains index 5...................................................................................................... Terms of trade index 6 .................................................................................................... Terms of trade, goods 7.............................................................................................. Terms of trade, nonpetroleum goods 8....................................................................... 2013 I II III IV 1 2 3 4 5 6 7 8 9 10 15,470.7 15,767.1 1,957.4 2,012.4 2,388.2 2,421.5 15,902.3 16,175.2 2,079.5 2,117.5 2,597.7 2,579.6 15,383.2 15,728.2 775.2 .................... 535.7 .................... 15,622.7 .................... 15,539.6 1,967.0 2,379.1 15,950.8 2,085.5 2,571.4 15,469.0 781.7 539.6 15,711.1 15,583.9 1,960.5 2,382.7 16,005.8 2,079.7 2,571.0 15,531.0 763.9 540.9 15,754.0 15,679.7 1,998.4 2,422.9 16,104.1 2,101.8 2,579.6 15,640.3 766.9 535.2 15,872.0 15,839.3 15,965.6 2,017.6 2,073.0 2,437.3 2,443.1 16,258.5 16,332.3 2,117.4 2,170.5 2,584.8 2,583.1 15,805.0 15,934.4 768.2 ................... 522.5 ................... 16,050.7 ................... 11 12 13 14 12,929.9 13,225.7 13,015.8 13,264.1 13,168.5 .................... 13,238.0 .................... 12,998.9 13,067.9 13,240.2 13,292.9 13,048.2 13,099.9 13,270.6 13,305.5 13,144.4 13,183.0 13,375.7 13,397.1 13,296.3 13,412.6 13,330.0 13,443.4 13,541.5 ................... 13,557.8 ................... 15 16 17 18 99.440 97.669 97.135 107.032 99.520 98.098 97.546 107.144 99.556 98.320 97.672 107.312 99.660 98.786 98.038 106.595 99.696 98.963 98.072 107.769 99.657 98.775 97.992 107.300 99.714 99.035 98.193 107.529 1. Uses gross domestic purchases price index as deflator. 2. This measure is called “real gross domestic income” in the System of National Accounts, 2008. 3. This measure is called “real gross national income” in the System of National Accounts, 2008. 4. Uses net domestic purchases price index as deflator. 5. Ratio (multiplied by 100) of price index for gross domestic product to the price index for gross domestic purchases. 6. Ratio (multiplied by 100) of the price index for exports of goods and services to the price index for imports of goods and services. 7. Ratio (multiplied by 100) of the price index for goods exports to the price index for goods imports. 8. Ratio (multiplied by 100) of the price index for goods exports to the price index for nonpetroleum goods impor ts. Table 1.10. Gross Domestic Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Gross domestic income .............................................................................................. Compensation of employees, paid ..................................................................................... Wages and salaries............................................................................................................ To persons ................................................................................................................. To the rest of the world............................................................................................... Supplements to wages and salaries .................................................................................. Taxes on production and imports....................................................................................... Less: Subsidies .................................................................................................................... Net operating surplus .......................................................................................................... Private enterprises ............................................................................................................. Net interest and miscellaneous payments, domestic industries..................................... Business current transfer payments (net) ...................................................................... Proprietors’ income with inventory valuation and capital consumption adjustments...... Rental income of persons with capital consumption adjustment ................................... Corporate profits with inventory valuation and capital consumption adjustments, domestic industries .................................................................................................... Taxes on corporate income ........................................................................................ Profits after tax with inventory valuation and capital consumption adjustments ........ Net dividends ......................................................................................................... Undistributed corporate profits with inventory valuation and capital consumption adjustments ....................................................................................................... Current surplus of government enterprises ....................................................................... Consumption of fixed capital .............................................................................................. Private ................................................................................................................................ Government ....................................................................................................................... Addendum: Statistical discrepancy ....................................................................................................... 2013 I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 16,261.6 8,620.0 6,935.1 6,920.5 14.6 1,684.9 1,122.9 57.3 4,033.2 4,060.9 597.4 106.9 1,224.9 541.2 .................... 8,867.8 7,146.1 .................... .................... 1,721.7 1,147.5 58.8 .................... .................... .................... 124.1 1,347.2 590.3 16,522.0 8,795.5 7,094.6 7,080.0 14.6 1,700.9 1,126.3 57.7 4,083.0 4,114.8 583.3 99.5 1,247.5 555.4 16,690.9 8,756.1 7,048.2 7,033.8 14.4 1,707.9 1,140.7 58.0 4,248.2 4,283.7 630.3 121.9 1,334.6 574.9 16,847.8 8,844.0 7,126.1 7,111.0 15.1 1,717.8 1,138.8 58.9 4,292.0 4,331.0 591.7 125.8 1,341.5 587.7 17,005.6 8,897.8 7,172.2 7,157.1 15.1 1,725.6 1,149.0 59.1 4,358.2 4,399.6 615.5 120.1 1,360.7 596.6 .................... 8,973.2 7,237.8 .................... .................... 1,735.3 1,161.6 59.3 .................... .................... .................... 128.8 1,352.0 602.2 15 16 17 18 1,590.5 434.8 1,155.7 613.6 .................... .................... .................... .................... 1,629.1 433.2 1,196.0 735.3 1,622.1 408.2 1,213.8 616.6 1,684.3 418.2 1,266.1 874.7 1,706.8 417.8 1,289.0 769.4 .................... .................... .................... .................... 19 20 21 22 23 542.2 .................... –27.7 –39.8 2,542.9 2,646.6 2,049.3 2,141.4 493.6 505.2 460.7 –31.8 2,575.0 2,077.6 497.4 597.3 –35.5 2,603.8 2,103.3 500.5 391.4 –39.0 2,631.9 2,128.5 503.4 519.5 .................... –41.4 –43.2 2,659.6 2,691.1 2,153.5 2,180.3 506.1 510.9 24 –17.0 .................... –101.7 –155.6 –186.8 –92.6 .................... D–18 National Data February 2014 Table 1.12. National Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV National income ........................................................................................................... Compensation of employees .............................................................................................. Wages and salaries............................................................................................................ Government ................................................................................................................... Other .............................................................................................................................. Supplements to wages and salaries .................................................................................. Employer contributions for employee pension and insurance funds 1............................ Employer contributions for government social insurance ............................................... Proprietors’ income with IVA and CCAdj ........................................................................... Farm ................................................................................................................................... Nonfarm ............................................................................................................................. Rental income of persons with CCAdj ............................................................................... Corporate profits with IVA and CCAdj................................................................................ Taxes on corporate income ................................................................................................ Profits after tax with IVA and CCAdj................................................................................... Net dividends ................................................................................................................. Undistributed profits with IVA and CCAdj ....................................................................... Net interest and miscellaneous payments ........................................................................ Taxes on production and imports....................................................................................... Less: Subsidies .................................................................................................................... Business current transfer payments (net) ......................................................................... To persons (net) ................................................................................................................. To government (net) ........................................................................................................... To the rest of the world (net) .............................................................................................. Current surplus of government enterprises ...................................................................... Addenda for corporate cash flow: Net cash flow with IVA........................................................................................................ Undistributed profits with IVA and CCAdj ....................................................................... Consumption of fixed capital .......................................................................................... Less: Capital transfers paid (net) ................................................................................... 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 .................................................................................... 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 13,971.6 8,611.6 6,926.8 1,197.3 5,729.4 1,684.9 1,170.6 514.3 1,224.9 75.4 1,149.6 541.2 2,009.5 434.8 1,574.7 770.3 804.3 439.6 1,122.9 57.3 106.9 41.4 70.6 –5.1 –27.7 2013 I II III 14,204.0 8,787.4 7,086.6 1,199.3 5,887.2 1,700.9 1,176.8 524.0 1,247.5 74.5 1,173.0 555.4 2,047.2 433.2 1,614.0 867.6 746.4 430.3 1,126.3 57.7 99.5 40.1 59.7 –0.2 –31.8 14,324.5 8,748.3 7,040.4 1,195.8 5,844.5 1,707.9 1,182.1 525.8 1,334.6 137.0 1,197.6 574.9 2,020.6 408.2 1,612.3 763.8 848.5 477.0 1,140.7 58.0 121.9 44.0 75.7 2.2 –35.5 14,462.7 8,835.5 7,117.6 1,194.1 5,923.6 1,717.8 1,187.6 530.2 1,341.5 129.0 1,212.5 587.7 2,087.4 418.2 1,669.2 1,037.3 631.9 444.0 1,138.8 58.9 125.8 44.4 80.1 1.3 –39.0 26 27 28 29 2,177.1 .................... 804.3 .................... 1,365.7 1,422.6 –7.1 .................... 2,117.9 746.4 1,384.4 12.9 2,258.6 848.5 1,400.4 –9.6 2,053.3 631.9 1,415.7 –5.7 2,284.4 ................... 850.5 ................... 1,429.5 1,444.6 –4.5 ................... 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 1,224.9 75.4 81.3 –5.9 1,149.6 1,004.9 –1.6 146.2 541.2 555.3 –14.1 2,009.5 2,180.0 2,190.0 434.8 1,755.2 770.3 984.9 –10.0 –170.5 1,247.5 74.5 80.3 –5.9 1,173.0 1,027.9 –1.9 147.0 555.4 569.9 –14.6 2,047.2 2,221.1 2,229.5 433.2 1,796.4 867.6 928.7 –8.4 –173.9 1,334.6 137.0 142.9 –5.8 1,197.6 1,049.8 –2.5 150.3 574.9 589.9 –15.0 2,020.6 2,180.0 2,193.1 408.2 1,784.8 763.8 1,021.0 –13.0 –159.5 1,341.5 129.0 134.8 –5.8 1,212.5 1,060.9 2.1 149.6 587.7 603.0 –15.4 2,087.4 2,248.6 2,239.7 418.2 1,821.4 1,037.3 784.2 8.9 –161.1 1,360.7 131.7 137.5 –5.8 1,229.0 1,080.9 –0.8 148.9 596.6 612.4 –15.8 2,126.6 2,288.2 2,286.6 417.8 1,868.7 858.3 1,010.4 1.7 –161.6 1,347.2 126.8 132.6 –5.8 1,220.4 1,071.4 –0.2 149.2 590.3 606.0 –15.6 .................... .................... .................... .................... .................... 902.8 .................... .................... –161.3 14,608.9 8,889.3 7,163.7 1,190.6 5,973.1 1,725.6 1,193.0 532.5 1,360.7 131.7 1,229.0 596.6 2,126.6 417.8 1,708.7 858.3 850.5 467.2 1,149.0 59.1 120.1 44.9 74.6 0.6 –41.4 IV .................... 8,859.4 7,137.8 1,194.6 5,943.2 1,721.7 1,190.5 531.2 1,347.2 126.8 1,220.4 590.3 .................... .................... .................... 902.8 .................... 468.3 1,147.5 58.8 124.1 44.6 78.5 1.0 –39.8 ................... 8,964.7 7,229.4 1,197.9 6,031.4 1,735.3 1,199.0 536.3 1,352.0 109.4 1,242.6 602.2 ................... ................... ................... 951.9 ................... 485.0 1,161.6 59.3 128.8 45.3 83.7 –0.3 –43.2 1,352.0 109.4 115.2 –5.9 1,242.6 1,094.0 0.5 148.1 602.2 618.5 –16.3 ................... ................... ................... ................... ................... 951.9 ................... ................... –163.0 IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan par ticipants through service to employers in the current period. February 2014 SURVEY OF CURRENT BUSINESS D–19 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 2012 2013 2012 IV 2013 II III Gross value added of corporate business 1 .............................................................. Consumption of fixed capital .................................................................................................. Net value added ..................................................................................................................... Compensation of employees .............................................................................................. Wages and salaries........................................................................................................ Supplements to wages and salaries .............................................................................. Taxes on production and imports less subsidies ................................................................ Net operating surplus ......................................................................................................... Net interest and miscellaneous payments ..................................................................... Business current transfer payments (net) ...................................................................... Corporate profits with IVA and CCAdj ............................................................................ Taxes on corporate income ........................................................................................ Profits after tax with IVA and CCAdj........................................................................... Net dividends ......................................................................................................... Undistributed profits with IVA and CCAdj............................................................... Gross value added of financial corporate business 1 .............................................. Gross value added of nonfinancial corporate business 1........................................ Consumption of fixed capital .................................................................................................. Net value added ..................................................................................................................... Compensation of employees .............................................................................................. Wages and salaries........................................................................................................ Supplements to wages and salaries .............................................................................. Taxes on production and imports less subsidies ................................................................ Net operating surplus ......................................................................................................... Net interest and miscellaneous payments ..................................................................... Business current transfer payments (net) ...................................................................... Corporate profits with IVA and CCAdj ............................................................................ Taxes on corporate income ........................................................................................ Profits after tax with IVA and CCAdj........................................................................... Net dividends ......................................................................................................... Undistributed profits with IVA and CCAdj............................................................... Addenda: Corporate business: Profits before tax (without IVA and CCAdj) .................................................................... Profits after tax (without IVA and CCAdj) ....................................................................... Undistributed profits after tax (without IVA and CCAdj) ................................................. Inventory valuation adjustment ...................................................................................... Capital consumption adjustment .................................................................................... Nonfinancial corporate business: Profits before tax (without IVA and CCAdj) .................................................................... Profits after tax (without IVA and CCAdj) ....................................................................... Inventory valuation adjustment ...................................................................................... Capital consumption adjustment .................................................................................... 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 9,089.7 1,365.7 7,724.0 5,202.9 4,331.4 871.5 740.5 1,780.6 110.7 79.4 1,590.5 434.8 1,155.7 613.6 542.2 1,058.8 8,030.8 1,188.2 6,842.7 4,600.8 3,824.8 776.0 685.3 1,556.5 295.5 92.5 1,168.5 256.9 911.6 478.8 432.8 .................... 1,422.6 .................... 5,387.3 4,491.4 895.9 758.0 .................... .................... 96.7 .................... .................... .................... .................... .................... .................... .................... 1,237.8 .................... 4,731.1 3,937.8 793.3 701.6 .................... .................... 82.0 .................... .................... .................... .................... .................... 9,287.1 1,384.4 7,902.7 5,345.7 4,450.3 895.4 743.0 1,814.1 112.8 72.1 1,629.1 433.2 1,196.0 735.3 460.7 1,123.4 8,163.8 1,204.7 6,959.1 4,694.5 3,901.7 792.8 687.6 1,577.0 299.3 84.3 1,193.4 268.4 925.0 540.4 384.6 9,290.9 1,400.4 7,890.5 5,300.3 4,413.0 887.3 753.3 1,836.9 119.8 95.0 1,622.1 408.2 1,213.8 616.6 597.3 1,127.5 8,163.4 1,218.5 6,944.9 4,654.7 3,869.1 785.6 697.3 1,593.0 322.5 80.1 1,190.3 266.6 923.7 483.3 440.5 I 9,433.6 1,415.7 8,017.9 5,369.8 4,476.3 893.4 752.1 1,895.9 113.4 98.2 1,684.3 418.2 1,266.1 874.7 391.4 1,177.1 8,256.5 1,231.6 7,024.9 4,715.6 3,924.6 791.1 696.2 1,613.1 302.2 82.7 1,228.1 264.1 964.0 463.3 500.8 9,521.0 1,429.5 8,091.5 5,414.3 4,515.8 898.5 759.1 1,918.1 118.1 93.2 1,706.8 417.8 1,289.0 769.4 519.5 1,184.8 8,336.1 1,243.8 7,092.3 4,754.7 3,959.2 795.5 702.6 1,635.0 314.6 79.6 1,240.8 263.7 977.1 577.2 399.9 .................... 1,444.6 .................... 5,465.0 4,560.5 904.5 767.4 .................... .................... 100.3 .................... .................... .................... .................... .................... .................... .................... 1,257.4 .................... 4,799.2 3,998.3 800.9 710.3 .................... .................... 85.7 .................... .................... .................... .................... .................... IV 32 33 34 35 36 1,771.1 1,336.3 722.7 –10.0 –170.5 .................... .................... .................... .................... –161.3 1,811.5 1,378.3 643.0 –8.4 –173.9 1,794.6 1,386.3 769.8 –13.0 –159.5 1,836.6 1,418.3 543.6 8.9 –161.1 1,866.8 1,448.9 679.5 1.7 –161.6 .................... .................... .................... .................... –163.0 37 38 39 40 1,293.7 .................... 1,036.8 .................... –10.0 .................... –105.8 –115.1 1,319.4 1,051.0 –8.4 –117.6 1,307.7 1,041.1 –13.0 –104.3 1,324.7 1,060.6 8.9 –105.4 1,345.2 .................... 1,081.4 .................... 1.7 .................... –107.5 –106.0 Gross value added of nonfinancial corporate business 2........................................ Consumption of fixed capital 3 ................................................................................... Net value added 4 ...................................................................................................... 41 42 43 7,743.2 .................... 1,136.0 1,168.9 6,607.1 .................... Value added, in billions of chained (2009) dollars: 7,821.0 1,147.1 6,673.9 7,795.6 1,156.0 6,639.6 7,889.9 1,164.7 6,725.2 7,924.2 .................... 1,173.1 1,181.9 6,751.1 .................... IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 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 2009 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. D–20 National Data February 2014 Table 1.15. Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Domestic Corporate Business [Dollars] Seasonally adjusted Line 2012 2013 2012 IV Price per unit of real gross value added of nonfinancial corporate business 1............................. Compensation of employees (unit labor cost) .................................................................................. Unit nonlabor cost ............................................................................................................................... Consumption of fixed capital .............................................................................................................. Taxes on production and imports less subsidies plus business current transfer payments (net) ....... Net interest and miscellaneous payments ......................................................................................... Corporate profits with IVA and CCAdj (unit profits from current production)................................ Taxes on corporate income ................................................................................................................ Profits after tax with IVA and CCAdj................................................................................................... 1 2 3 4 5 6 7 8 9 1.037 0.594 0.291 0.153 0.100 0.038 0.151 0.033 0.118 ................. ................. ................. ................. ................. ................. ................. ................. ................. 1.044 0.600 0.291 0.154 0.099 0.038 0.153 0.034 0.118 2013 I II 1.047 0.597 0.297 0.156 0.100 0.041 0.153 0.034 0.118 1.046 0.598 0.293 0.156 0.099 0.038 0.156 0.033 0.122 III IV 1.052 0.600 0.296 0.157 0.099 0.040 0.157 0.033 0.123 ................. ................. ................. ................. ................. ................. ................. ................. ................. IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 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). NOTE. 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. Table 1.17.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Income, and Other Major NIPA Aggregates [Percent] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Production in the United States: Gross domestic product ................................................................................................................. Gross domestic income ................................................................................................................. Net domestic product 1 .................................................................................................................. Net domestic income 1 ................................................................................................................... Production by labor and capital supplied by U.S. residents: Gross national product ................................................................................................................... Gross national income ................................................................................................................... Net national product 1 .................................................................................................................... Final expenditures by U.S. residents: Gross domestic purchases ............................................................................................................ Final sales to domestic purchasers 2 ............................................................................................. Purchasing power of income: 3 Command-basis gross domestic product....................................................................................... Command-basis net domestic product 1 ........................................................................................ Command-basis gross national product ........................................................................................ Command-basis net national product 1 ......................................................................................... After-tax income received by the personal sector: Disposable personal income .......................................................................................................... 2013 I II III IV 1 2 3 4 2.8 1.9 2.5 ................. 3.0 1.9 2.7 ................. 0.1 4.9 –0.2 5.4 1.1 2.4 1.0 2.5 2.5 3.2 2.6 3.4 4.1 3.2 1.8 ................. 4.5 3.4 1.7 ................. 5 6 7 2.7 ................. 2.4 ................. 2.8 ................. 0.3 5.0 0.1 0.6 1.9 0.4 2.7 3.4 2.8 4.4 ................. 2.1 ................. 4.9 ................. 8 9 2.6 2.4 1.7 1.5 –0.5 1.4 1.4 0.5 2.5 2.1 3.9 2.3 10 11 12 13 2.9 2.2 3.1 2.3 2.8 ................. 2.9 ................. 0.0 –0.3 0.2 –0.1 1.6 1.5 1.1 0.9 2.8 3.0 3.0 3.2 4.3 3.3 4.7 3.5 4.6 ................. 5.1 ................. 14 2.0 9.0 –7.9 4.1 3.0 0.7 1.8 1.4 0.8 1. In this table, the net measures are the corresponding gross measures excluding the depreciation of fixed assets as measured by the consumption of fixed capital. 2. Gross domestic purchases excluding change in private inventories. 3. The command-basis estimates (lines 10-13) measure the purchasing power of the income generated by the sale of goods and services produced; they reflect gains or losses in real income resulting from changes in the terms of trade for exports and imports. For more detail on the command-basis measures, see NIPA tables 1.8.3 and 1.8.6. February 2014 SURVEY OF CURRENT BUSINESS D–21 Table 1.17.5. Gross Domestic Product, Gross Domestic Income, and Other Major NIPA Aggregates [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 2013 IV Production in the United States: Gross domestic product ................................................................................................................. Gross domestic income ................................................................................................................. Net domestic product 1 .................................................................................................................. Net domestic income 1 ................................................................................................................... Production by labor and capital supplied by U.S. residents: Gross national product ................................................................................................................... Gross national income ................................................................................................................... Net national product 1 .................................................................................................................... National income 2 .......................................................................................................................... Final expenditures by U.S. residents: Gross domestic purchases ............................................................................................................ Final sales to domestic purchasers 3 ............................................................................................. After-tax income received by the personal sector: Disposable personal income .......................................................................................................... I II III IV 1 2 3 4 16,244.6 16,803.0 16,261.6 .................. 13,701.7 14,156.3 13,718.8 .................. 16,420.3 16,522.0 13,845.3 13,947.0 16,535.3 16,690.9 13,931.5 14,087.1 16,661.0 16,847.8 14,029.1 14,215.9 16,912.9 17,102.5 17,005.6 .................. 14,253.3 14,411.3 14,346.0 .................. 5 6 7 8 16,497.4 16,514.5 13,954.6 13,971.6 .................. .................. .................. .................. 16,677.3 16,779.1 14,102.3 14,204.0 16,772.7 16,928.3 14,168.9 14,324.5 16,907.9 17,094.6 14,276.0 14,462.7 17,175.9 17,268.5 14,516.3 14,608.9 .................. .................. .................. .................. 9 10 16,791.8 16,725.7 17,296.7 17,186.2 16,936.1 16,923.1 17,058.4 16,995.0 17,170.0 17,092.8 17,413.2 17,268.4 17,545.3 17,388.5 11 12,245.8 12,474.2 12,520.4 12,296.9 12,417.4 12,568.4 12,614.1 1. In this table, net measures are the corresponding gross measures excluding the depreciation of fixed assets as measured by the consumption of fixed capital. 2. Equals gross national income less the depreciation of fixed assets as measured by the consumption of fixed capital. 3. Equals gross domestic purchases less change in private inventories. Table 1.17.6. Real Gross Domestic Product, Real Gross Domestic Income, and Other Major NIPA Aggregates, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Production in the United States: Gross domestic product ................................................................................................................. Gross domestic income ................................................................................................................. Net domestic product 1 .................................................................................................................. Net domestic income 1 ................................................................................................................... Production by labor and capital supplied by U.S. residents: Gross national product ................................................................................................................... Gross national income ................................................................................................................... Net national product 1 .................................................................................................................... Final expenditures by U.S. residents: Gross domestic purchases ............................................................................................................ Final sales to domestic purchasers 2 ............................................................................................. Purchasing power of income: 3 Command-basis gross domestic product....................................................................................... Command-basis net domestic product 1 ........................................................................................ Command-basis gross national product ........................................................................................ Command-basis net national product 1 ......................................................................................... After-tax income received by the personal sector: Disposable personal income .......................................................................................................... 2013 I II III IV 1 2 3 4 15,470.7 15,767.1 15,487.0 .................. 13,015.8 13,264.1 13,032.0 .................. 15,539.6 15,636.0 13,067.9 13,163.9 15,583.9 15,730.6 13,099.9 13,246.2 15,679.7 15,855.4 13,183.0 13,358.5 15,839.3 15,965.6 15,926.1 .................. 13,330.0 13,443.4 13,416.6 .................. 5 6 7 15,693.1 .................. 15,709.2 .................. 13,238.0 .................. 15,764.8 15,861.0 13,292.9 15,789.7 15,936.3 13,305.5 15,893.9 16,069.4 13,397.1 16,067.4 .................. 16,154.0 .................. 13,557.8 .................. 8 9 15,902.3 15,835.2 16,175.2 16,079.7 15,950.8 15,939.7 16,005.8 15,958.6 16,104.1 16,041.0 16,258.5 16,130.9 10 11 12 13 15,383.2 15,728.2 12,929.9 13,225.7 15,622.7 .................. 13,168.5 .................. 15,469.0 12,998.9 15,711.1 13,240.2 15,531.0 13,048.2 15,754.0 13,270.6 15,640.3 13,144.4 15,872.0 13,375.7 15,805.0 15,934.4 13,296.3 13,412.6 16,050.7 .................. 13,541.5 .................. 14 11,551.6 11,743.0 11,502.4 11,618.5 11,704.1 11,637.8 16,332.3 16,188.5 11,726.2 1. In this table, net measures are the corresponding gross measures excluding the depreciation of fixed assets as measured by the consumption of fixed capital. 2. Gross domestic purchases excluding change in private inventories. 3. The command-basis estimates (lines 10-13) measure the purchasing power of the income generated by the sale of goods and services produced; they reflect gains or losses in real income resulting from changes in the terms of trade for exports and imports. For more detail on the command-basis estimates, see NIPA tables 1.8.3 and 1.8.6. National Data D–22 February 2014 2. Personal Income and Outlays Table 2.1. Personal Income and Its Disposition [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 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 13,743.8 8,611.6 6,926.8 5,729.4 1,197.3 1,684.9 1,170.6 514.3 1,224.9 75.4 1,149.6 541.2 1,958.5 1,211.6 746.9 2,358.3 2,316.8 762.2 560.8 417.1 84.2 70.2 422.5 41.4 950.7 1,498.0 12,245.8 11,558.4 11,149.6 248.4 160.4 88.5 71.9 687.4 5.6 14,133.5 8,859.4 7,137.8 5,943.2 1,194.6 1,721.7 1,190.5 531.2 1,347.2 126.8 1,220.4 590.3 1,997.6 1,228.3 769.3 2,444.9 2,400.3 799.0 592.5 432.1 65.9 80.4 430.4 44.6 1,106.0 1,659.3 12,474.2 11,912.8 11,499.3 248.0 165.5 90.4 75.1 561.4 4.5 14,073.1 8,787.4 7,086.6 5,887.2 1,199.3 1,700.9 1,176.8 524.0 1,247.5 74.5 1,173.0 555.4 2,062.8 1,218.4 844.3 2,388.0 2,347.9 770.2 577.2 425.1 75.3 73.3 426.8 40.1 967.9 1,552.8 12,520.4 11,696.2 11,285.5 247.3 163.4 89.0 74.4 824.1 6.6 13,925.9 8,748.3 7,040.4 5,844.5 1,195.8 1,707.9 1,182.1 525.8 1,334.6 137.0 1,197.6 574.9 1,935.8 1,215.8 720.0 2,426.0 2,382.0 789.8 589.3 423.7 73.9 76.8 428.6 44.0 1,093.7 1,629.0 12,296.9 11,794.9 11,379.2 250.4 165.3 89.4 75.9 502.0 4.1 14,086.2 8,835.5 7,117.6 5,923.6 1,194.1 1,717.8 1,187.6 530.2 1,341.5 129.0 1,212.5 587.7 1,994.0 1,225.6 768.4 2,430.9 2,386.5 794.9 586.3 426.1 68.5 80.0 430.8 44.4 1,103.3 1,668.8 12,417.4 11,837.0 11,427.1 244.3 165.6 89.9 75.7 580.4 4.7 14,226.2 8,889.3 7,163.7 5,973.1 1,190.6 1,725.6 1,193.0 532.5 1,360.7 131.7 1,229.0 596.6 2,030.7 1,234.2 796.5 2,458.0 2,413.1 802.4 596.5 438.4 62.2 81.6 432.0 44.9 1,109.1 1,657.8 12,568.4 11,950.4 11,537.7 248.8 163.9 90.7 73.2 618.0 4.9 14,295.6 8,964.7 7,229.4 6,031.4 1,197.9 1,735.3 1,199.0 536.3 1,352.0 109.4 1,242.6 602.2 2,030.0 1,237.7 792.3 2,464.8 2,419.5 808.9 598.0 440.3 59.1 83.1 430.1 45.3 1,118.1 1,681.5 12,614.1 12,069.0 11,653.1 248.6 167.3 91.6 75.7 545.1 4.3 36 10,740.1 10,904.8 10,959.6 10,756.9 10,905.4 10,958.9 10,998.1 IV Personal income........................................................................................................................... Compensation of employees ...................................................................................................... Wages and salaries................................................................................................................ Private industries ............................................................................................................... Government ....................................................................................................................... Supplements to wages and salaries ...................................................................................... Employer contributions for employee pension and insurance funds 1 ............................... 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.................................................................................. Social security 2 ................................................................................................................. Medicare 3 ......................................................................................................................... Medicaid............................................................................................................................. Unemployment insurance .................................................................................................. Veterans’ benefits............................................................................................................... Other .................................................................................................................................. Other current transfer receipts, from business (net)............................................................... Less: Contributions for government social insurance, domestic ................................................ Less: Personal current taxes ...................................................................................................... Equals: Disposable personal income ........................................................................................ Less: Personal outlays ................................................................................................................ Personal consumption expenditures .......................................................................................... Personal interest payments 4 ..................................................................................................... Personal current transfer payments ........................................................................................... To government ....................................................................................................................... To the rest of the world (net) .................................................................................................. Equals: Personal saving .............................................................................................................. Personal saving as a percentage of disposable personal income ...................................... Addenda: Personal income excluding current transfer receipts, billions of chained (2009) dollars 5 Disposable personal income: Total, billions of chained (2009) dollars 5 ............................................................................... Per capita: Current dollars ................................................................................................................... Chained (2009) dollars....................................................................................................... Population (midperiod, thousands) ............................................................................................ Percent change from preceding period: Disposable personal income, current dollars ................................................................... Disposable personal income, chained (2009) dollars....................................................... 2013 I II III IV 37 11,551.6 11,637.8 11,743.0 11,502.4 11,618.5 11,704.1 11,726.2 38 39 40 38,965 36,756 314,278 39,410 36,767 316,524 39,727 37,260 315,162 38,955 36,438 315,671 39,270 36,743 316,206 39,672 36,943 316,810 39,741 36,943 317,409 41 42 3.9 2.0 1.9 0.7 10.7 9.0 –7.0 –7.9 4.0 4.1 5.0 3.0 1.5 0.8 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan par ticipants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 2.2B. Wages and Salaries by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Wages and salaries .............................................................................................................. Private industries ......................................................................................................................... Goods-producing industries ....................................................................................................... Manufacturing ........................................................................................................................ Services-producing industries .................................................................................................. .. Trade, transpor tation, and utilities .......................................................................................... Other services-producing industries 1 ................................................................................... Government .................................................................................................................................. 1 2 3 4 5 6 7 8 6,926.8 5,729.4 1,154.0 735.4 4,575.4 1,093.7 3,481.7 1,197.3 7,137.8 5,943.2 1,192.9 749.3 4,750.3 1,128.7 3,621.6 1,194.6 7,086.6 5,887.2 1,167.0 740.5 4,720.3 1,114.2 3,606.1 1,199.3 2013 I 7,040.4 5,844.5 1,173.8 742.1 4,670.7 1,115.2 3,555.5 1,195.8 II 7,117.6 5,923.6 1,187.1 745.9 4,736.4 1,123.2 3,613.2 1,194.1 III IV 7,163.7 5,973.1 1,197.3 749.4 4,775.8 1,132.4 3,643.4 1,190.6 7,229.4 6,031.4 1,213.2 759.6 4,818.3 1,144.0 3,674.3 1,197.9 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. NOTE. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS). February 2014 SURVEY OF CURRENT BUSINESS D–23 Table 2.3.1. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product [Percent] Seasonally adjusted at annual rates Line 2012 2013 2012 2013 IV Personal consumption expenditures (PCE) ................................................................ Goods...................................................................................................................................... Durable goods ...................................................................................................................... Motor vehicles and parts .................................................................................................. Furnishings and durable household equipment ............................................................... Recreational goods and vehicles ..................................................................................... Other durable goods ........................................................................................................ Nondurable goods ................................................................................................................ Food and beverages purchased for off-premises consumption ....................................... Clothing and footwear ...................................................................................................... Gasoline and other energy goods .................................................................................... Other nondurable goods .................................................................................................. Services .................................................................................................................................. Household consumption expenditures (for services) ........................................................... Housing and utilities ......................................................................................................... Health care....................................................................................................................... Transportation services .................................................................................................... Recreation services ......................................................................................................... Food services and accommodations ............................................................................... Financial services and insurance ..................................................................................... Other services.................................................................................................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 Gross output of nonprofit institutions 2 ............................................................................. Less: Receipts from sales of goods and services by nonprofit institutions 3 ................... Addenda: PCE excluding food and energy 4 ........................................................................................ Energy goods and services 5 ............................................................................................... Market-based PCE 6 ............................................................................................................ Market-based PCE excluding food and energy 6 ................................................................. I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2.2 3.3 7.7 7.2 6.1 10.9 5.7 1.4 1.3 1.2 –1.4 2.7 1.6 1.5 0.8 2.7 1.3 1.4 3.6 –1.3 1.7 5.3 2.9 2.2 2.0 3.7 7.1 5.1 6.3 10.2 7.5 2.1 1.4 1.6 0.4 3.6 1.2 1.3 0.8 2.2 0.7 0.8 3.0 1.5 –0.4 –2.1 1.1 2.1 1.7 3.7 10.5 14.3 4.4 10.7 11.5 0.6 0.9 –1.8 –5.3 4.2 0.6 0.3 –2.7 2.3 –0.2 –1.7 6.5 –0.2 0.2 9.0 1.2 –1.3 2.3 3.7 5.8 5.2 4.1 8.1 5.8 2.7 2.0 1.8 4.5 3.0 1.5 2.4 4.7 1.3 2.9 2.4 2.5 5.5 –2.8 –18.1 –3.0 2.4 1.8 3.1 6.2 –0.9 9.0 11.7 8.6 1.6 –1.1 5.9 –0.9 3.7 1.2 1.4 0.1 3.6 0.1 –0.9 0.8 4.0 –0.4 –3.9 3.4 5.7 2.0 4.5 7.9 5.0 13.2 11.9 0.2 2.9 2.7 –4.2 3.2 5.8 0.7 0.5 –2.5 2.7 –2.0 4.2 0.5 1.8 1.0 4.7 2.1 1.3 3.3 4.9 5.9 0.7 6.0 8.1 13.2 4.4 3.6 8.6 1.5 4.9 2.5 2.5 1.1 1.6 0.8 0.5 10.2 4.9 1.4 2.6 2.2 2.0 25 26 27 28 2.5 –1.8 2.4 2.8 2.1 1.9 2.2 2.3 2.7 –12.2 2.0 3.2 1.3 18.6 2.7 1.7 2.3 –1.3 1.8 2.4 2.5 –7.1 1.7 2.3 3.3 3.4 3.6 3.6 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas services. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 2.3.2. Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product Seasonally adjusted at annual rates Line 2012 2013 2012 2013 IV Percent change at annual rate: Personal consumption expenditures (PCE) ................................................................ Percentage points at annual rates: Goods ...................................................................................................................................... Durable goods ...................................................................................................................... Motor vehicles and parts .................................................................................................. Furnishings and durable household equipment ............................................................... Recreational goods and vehicles ..................................................................................... Other durable goods ........................................................................................................ Nondurable goods ................................................................................................................ Food and beverages purchased for off-premises consumption ....................................... Clothing and footwear ...................................................................................................... Gasoline and other energy goods .................................................................................... Other nondurable goods .................................................................................................. Services .................................................................................................................................. Household consumption expenditures (for services) ........................................................... Housing and utilities ......................................................................................................... Health care....................................................................................................................... Transportation services .................................................................................................... Recreation services ......................................................................................................... Food services and accommodations ............................................................................... Financial services and insurance ..................................................................................... Other services.................................................................................................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 Gross output of nonprofit institutions 2 ............................................................................. Less: Receipts from sales of goods and services by nonprofit institutions 3 ................... Addenda: PCE excluding food and energy 4 ........................................................................................ Energy goods and services 5 ............................................................................................... Market-based PCE 6 ............................................................................................................ Market-based PCE excluding food and energy 6 ................................................................. I II III IV 1 2.2 2.0 1.7 2.3 1.8 2.0 3.3 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1.12 0.81 0.25 0.15 0.31 0.10 0.31 0.10 0.04 –0.05 0.23 1.08 0.94 0.14 0.44 0.04 0.05 0.22 –0.10 0.15 0.14 0.31 0.18 1.23 0.76 0.18 0.15 0.30 0.13 0.47 0.11 0.05 0.01 0.30 0.77 0.82 0.15 0.36 0.02 0.03 0.19 0.11 –0.03 –0.05 0.12 0.17 1.24 1.09 0.49 0.11 0.31 0.19 0.15 0.07 –0.06 –0.21 0.34 0.43 0.20 –0.50 0.38 –0.01 –0.06 0.40 –0.01 0.02 0.23 0.13 –0.10 1.24 0.62 0.19 0.10 0.24 0.10 0.62 0.15 0.06 0.16 0.25 1.01 1.53 0.84 0.21 0.08 0.09 0.16 0.39 –0.25 –0.51 –0.32 0.19 1.04 0.66 –0.03 0.21 0.33 0.15 0.37 –0.08 0.18 –0.03 0.31 0.78 0.87 0.01 0.58 0.00 –0.03 0.05 0.29 –0.03 –0.10 0.36 0.45 1.50 0.84 0.18 0.31 0.34 0.00 0.66 0.21 –0.14 0.11 0.48 0.47 0.35 –0.45 0.45 –0.06 0.15 0.03 0.13 0.09 0.12 0.22 0.11 1.65 0.64 0.03 0.15 0.24 0.23 1.00 0.27 0.26 0.05 0.41 1.69 1.63 0.20 0.26 0.02 0.02 0.63 0.36 0.12 0.07 0.23 0.16 25 26 27 28 2.20 –0.10 2.10 2.10 1.79 0.11 1.97 1.76 2.34 –0.73 1.74 2.40 1.14 0.96 2.39 1.27 1.97 –0.07 1.62 1.78 2.16 –0.40 1.54 1.74 2.88 0.19 3.21 2.74 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas services. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. D–24 National Data February 2014 Table 2.3.3. Real Personal Consumption Expenditures by Major Type of Product, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2012 2013 2012 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 106.854 110.495 121.833 114.798 119.833 135.248 116.098 105.594 105.120 110.562 95.419 108.709 105.090 105.039 103.328 106.820 102.863 104.889 109.403 103.764 104.208 106.380 105.550 105.299 108.994 114.556 130.541 120.615 127.407 149.102 124.819 107.771 106.559 112.281 95.814 112.661 106.307 106.392 104.198 109.118 103.622 105.716 112.637 105.300 103.797 104.184 106.689 107.476 107.537 111.904 125.591 118.531 121.704 140.495 120.206 106.047 105.659 110.615 94.468 109.948 105.421 105.256 103.239 107.592 103.070 104.714 111.036 102.607 104.397 109.528 106.415 105.438 108.138 112.928 127.379 120.031 122.936 143.248 121.912 106.762 106.184 111.098 95.510 110.762 105.818 105.884 104.438 107.932 103.820 105.333 111.713 103.983 103.650 104.186 105.610 106.058 108.625 113.793 129.309 119.764 125.617 147.254 124.439 107.197 105.891 112.709 95.301 111.772 106.125 106.244 104.455 108.882 103.841 105.084 111.925 105.004 103.551 103.168 106.491 107.539 109.156 115.057 131.785 121.221 129.585 151.465 124.499 107.973 106.606 111.500 96.044 113.369 106.308 106.386 103.807 109.615 103.305 106.162 112.073 105.475 103.810 104.354 107.041 107.884 110.057 116.446 133.690 121.446 131.490 154.443 128.427 109.152 107.553 113.818 96.402 114.743 106.978 107.056 104.092 110.042 103.521 106.286 114.837 106.738 104.175 105.029 107.613 108.423 25 26 27 28 107.701 96.830 107.193 108.234 109.922 98.671 109.583 110.763 108.544 95.462 108.008 109.259 108.896 99.617 108.731 109.715 109.512 99.284 109.224 110.359 110.190 97.478 109.696 110.989 111.091 98.305 110.679 111.987 IV Personal consumption expenditures (PCE) ................................................................ Goods...................................................................................................................................... Durable goods ...................................................................................................................... Motor vehicles and parts .................................................................................................. Furnishings and durable household equipment ............................................................... Recreational goods and vehicles ..................................................................................... Other durable goods ........................................................................................................ Nondurable goods ................................................................................................................ Food and beverages purchased for off-premises consumption ....................................... Clothing and footwear ...................................................................................................... Gasoline and other energy goods .................................................................................... Other nondurable goods .................................................................................................. Services .................................................................................................................................. Household consumption expenditures (for services) ........................................................... Housing and utilities ......................................................................................................... Health care....................................................................................................................... Transportation services .................................................................................................... Recreation services ......................................................................................................... Food services and accommodations ............................................................................... Financial services and insurance ..................................................................................... Other services.................................................................................................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 Gross output of nonprofit institutions 2 ............................................................................. Less: Receipts from sales of goods and services by nonprofit institutions 3 ................... Addenda: PCE excluding food and energy 4 ........................................................................................ Energy goods and services 5 ............................................................................................... Market-based PCE 6 ............................................................................................................ Market-based PCE excluding food and energy 6 ................................................................. 2013 I II III IV 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas services. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 2.3.4. Price Indexes for Personal Consumption Expenditures by Major Type of Product [Index numbers, 2009=100] Seasonally adjusted Line 2012 2013 2012 IV Personal consumption expenditures (PCE) ................................................................ Goods ...................................................................................................................................... Durable goods ...................................................................................................................... Motor vehicles and parts .................................................................................................. Furnishings and durable household equipment ............................................................... Recreational goods and vehicles ..................................................................................... Other durable goods ........................................................................................................ Nondurable goods ................................................................................................................ Food and beverages purchased for off-premises consumption ....................................... Clothing and footwear ...................................................................................................... Gasoline and other energy goods .................................................................................... Other nondurable goods .................................................................................................. Services .................................................................................................................................. Household consumption expenditures (for services) ........................................................... Housing and utilities ......................................................................................................... Health care....................................................................................................................... Transportation services .................................................................................................... Recreation services ......................................................................................................... Food services and accommodations ............................................................................... Financial services and insurance ..................................................................................... Other services.................................................................................................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 Gross output of nonprofit institutions 2 ............................................................................. Less: Receipts from sales of goods and services by nonprofit institutions 3 ................... Addenda: PCE excluding food and energy 4 ........................................................................................ Energy goods and services 5 ............................................................................................... Market-based PCE 6 ............................................................................................................ Market-based PCE excluding food and energy 6 ................................................................. 2013 I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 106.009 106.666 96.467 110.375 93.972 81.424 104.174 111.765 106.657 104.651 153.621 105.312 105.689 105.980 103.616 106.286 106.750 105.622 106.842 110.057 106.415 98.932 105.479 107.736 107.187 106.140 94.708 111.028 92.061 77.005 103.981 111.927 107.777 105.634 149.595 105.545 107.740 108.032 106.211 107.784 108.005 107.454 109.066 111.935 108.747 101.028 107.716 110.042 106.622 106.900 95.746 110.460 93.454 79.611 103.999 112.522 107.163 105.405 156.856 105.535 106.493 106.809 104.507 106.946 107.100 106.421 107.601 111.701 106.996 99.156 106.234 108.676 106.909 106.641 95.487 110.707 93.438 78.621 104.015 112.264 107.503 105.729 153.941 105.316 107.060 107.422 105.162 107.560 107.780 106.904 108.194 111.682 108.083 98.674 106.816 109.630 106.878 105.740 95.016 111.048 92.770 77.390 104.011 111.126 107.647 105.019 144.463 105.372 107.477 107.747 105.996 107.392 107.295 107.016 109.074 111.508 108.625 101.281 107.447 109.598 107.387 106.326 94.456 111.128 91.402 76.406 104.482 112.362 107.970 106.244 151.494 105.693 107.946 108.215 106.500 107.819 108.189 107.654 109.437 112.215 108.759 101.780 107.967 110.124 107.573 105.853 93.871 111.228 90.632 75.603 103.417 111.958 107.989 105.543 148.482 105.797 108.477 108.743 107.186 108.364 108.755 108.240 109.559 112.333 109.520 102.375 108.634 110.816 25 26 27 28 104.632 129.209 105.920 104.320 105.926 128.280 107.042 105.567 105.187 131.090 106.460 104.783 105.542 129.969 106.800 105.210 105.711 125.900 106.721 105.351 106.077 129.448 107.258 105.729 106.372 127.803 107.390 105.977 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. February 2014 SURVEY OF CURRENT BUSINESS D–25 Table 2.3.5. Personal Consumption Expenditures by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 11,149.6 3,769.7 1,202.7 401.7 275.1 334.5 191.3 2,567.0 863.3 354.6 417.0 932.1 7,379.9 7,089.4 2,013.9 1,847.6 318.1 416.6 701.7 821.0 970.4 290.5 1,194.1 903.6 11,499.3 3,888.9 1,265.2 424.6 286.5 348.8 205.3 2,623.7 884.3 363.5 407.8 968.1 7,610.4 7,319.9 2,081.6 1,914.0 324.2 427.1 737.5 847.6 987.8 290.5 1,232.6 942.1 11,285.5 3,826.1 1,230.7 415.1 277.9 339.9 197.8 2,595.4 871.8 357.4 421.6 944.7 7,459.4 7,159.6 2,029.4 1,872.5 319.8 419.0 717.2 824.2 977.5 299.8 1,212.5 912.7 11,379.2 3,851.8 1,244.8 421.3 280.7 342.3 200.6 2,607.0 878.9 360.0 418.3 949.7 7,527.4 7,243.6 2,065.8 1,889.2 324.2 423.4 725.6 835.1 980.4 283.8 1,209.9 926.1 11,427.1 3,848.5 1,257.5 421.7 284.7 346.3 204.7 2,591.0 877.6 362.8 391.7 958.9 7,578.6 7,290.2 2,082.6 1,902.9 322.8 422.8 732.9 842.0 984.4 288.4 1,227.2 938.8 11,537.7 3,912.8 1,274.0 427.1 289.4 351.7 205.8 2,638.8 886.2 363.1 414.0 975.6 7,624.8 7,331.7 2,079.5 1,923.3 323.8 429.7 736.3 851.1 988.0 293.2 1,239.5 946.3 11,653.1 3,942.4 1,284.4 428.3 291.2 354.9 210.1 2,658.0 894.3 368.2 407.2 988.3 7,710.6 7,413.8 2,098.7 1,940.5 326.2 432.6 755.3 862.2 998.4 296.8 1,253.8 957.0 25 26 27 28 9,661.2 625.1 9,884.1 8,396.3 9,982.5 632.5 10,211.5 8,695.2 9,788.4 625.3 10,009.8 8,513.2 9,853.3 647.0 10,109.1 8,583.7 9,924.9 624.6 10,147.4 8,645.6 10,020.9 630.5 10,242.5 8,726.2 10,131.0 627.8 10,347.0 8,825.3 IV Personal consumption expenditures (PCE) ................................................................ Goods ...................................................................................................................................... Durable goods ...................................................................................................................... Motor vehicles and parts .................................................................................................. Furnishings and durable household equipment ............................................................... Recreational goods and vehicles ..................................................................................... Other durable goods ........................................................................................................ Nondurable goods ................................................................................................................ Food and beverages purchased for off-premises consumption ....................................... Clothing and footwear ...................................................................................................... Gasoline and other energy goods .................................................................................... Other nondurable goods .................................................................................................. Services .................................................................................................................................. Household consumption expenditures (for services) ........................................................... Housing and utilities ......................................................................................................... Health care....................................................................................................................... Transportation services .................................................................................................... Recreation services ......................................................................................................... Food services and accommodations ............................................................................... Financial services and insurance ..................................................................................... Other services.................................................................................................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 Gross output of nonprofit institutions 2 ............................................................................. Less: Receipts from sales of goods and services by nonprofit institutions 3 ................... Addenda: PCE excluding food and energy 4 ........................................................................................ Energy goods and services 5 ............................................................................................... Market-based PCE 6 ............................................................................................................ Market-based PCE excluding food and energy 6 ................................................................. 2013 I II III IV 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 2.3.6. Real Personal Consumption Expenditures by Major Type of Product, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Personal consumption expenditures (PCE) ................................................................ Goods...................................................................................................................................... Durable goods ...................................................................................................................... Motor vehicles and parts .................................................................................................. Furnishings and durable household equipment ............................................................... Recreational goods and vehicles ..................................................................................... Other durable goods ........................................................................................................ Nondurable goods ................................................................................................................ Food and beverages purchased for off-premises consumption ....................................... Clothing and footwear ...................................................................................................... Gasoline and other energy goods .................................................................................... Other nondurable goods .................................................................................................. Services .................................................................................................................................. Household consumption expenditures (for services) ........................................................... Housing and utilities ......................................................................................................... Health care....................................................................................................................... Transportation services .................................................................................................... Recreation services ......................................................................................................... Food services and accommodations ............................................................................... Financial services and insurance ..................................................................................... Other services.................................................................................................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 Gross output of nonprofit institutions 2 ............................................................................. Less: Receipts from sales of goods and services by nonprofit institutions 3 ................... Residual ................................................................................................................................... Addenda: PCE excluding food and energy 4 ........................................................................................ Energy goods and services 5 ............................................................................................... Market-based PCE 6 ............................................................................................................ Market-based PCE excluding food and energy 6 ................................................................. 2013 I II III IV 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 10,517.6 3,534.1 1,246.7 364.0 292.8 410.9 183.6 2,296.8 809.4 338.9 271.5 885.1 6,982.7 6,689.4 1,943.6 1,738.4 298.0 394.4 656.8 746.0 911.9 293.6 1,132.1 838.8 –21.0 10,728.2 3,664.0 1,335.8 382.4 311.3 452.9 197.4 2,344.2 820.5 344.1 272.6 917.3 7,063.6 6,775.6 1,960.0 1,775.8 300.2 397.5 676.2 757.1 908.3 287.6 1,144.3 856.1 –33.6 10,584.8 3,579.2 1,285.2 375.8 297.3 426.8 190.1 2,306.7 813.5 339.0 268.8 895.2 7,004.7 6,703.2 1,941.9 1,750.9 298.6 393.7 666.6 737.7 913.6 302.3 1,141.4 839.9 –26.2 10,644.0 3,611.9 1,303.5 380.6 300.3 435.2 192.8 2,322.2 817.6 340.5 271.7 901.8 7,031.1 6,743.2 1,964.5 1,756.5 300.8 396.1 670.7 747.6 907.1 287.6 1,132.7 844.8 –27.7 10,691.9 3,639.6 1,323.2 379.7 306.9 447.3 196.8 2,331.7 815.3 345.5 271.1 910.0 7,051.5 6,766.1 1,964.8 1,771.9 300.8 395.1 671.9 754.9 906.2 284.8 1,142.2 856.6 –31.9 10,744.2 3,680.0 1,348.6 384.3 316.6 460.1 196.9 2,348.6 820.8 341.7 273.2 923.0 7,063.6 6,775.2 1,952.6 1,783.9 299.3 399.2 672.8 758.3 908.5 288.0 1,148.1 859.3 –35.8 10,832.8 3,724.5 1,368.1 385.1 321.2 469.2 203.1 2,374.2 828.1 348.9 274.3 934.2 7,108.2 6,817.8 1,958.0 1,790.8 299.9 399.6 689.4 767.4 911.7 289.9 1,154.2 863.6 –38.7 26 27 28 29 9,233.5 483.8 9,331.7 8,048.6 9,424.0 493.0 9,539.7 8,236.6 9,305.9 477.0 9,402.6 8,124.8 9,336.0 497.7 9,465.6 8,158.8 9,388.8 496.1 9,508.5 8,206.6 9,446.9 487.0 9,549.6 8,253.5 9,524.3 491.2 9,635.1 8,327.7 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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–26 National Data February 2014 Table 2.3.7. Percent Change from Preceding Period in Prices for Personal Consumption Expenditures by Major Type of Product Seasonally adjusted at annual rates Line 2012 2013 2012 2013 IV Personal consumption expenditures (PCE) ................................................................ Goods ...................................................................................................................................... Durable goods ...................................................................................................................... Motor vehicles and parts .................................................................................................. Furnishings and durable household equipment ............................................................... Recreational goods and vehicles ..................................................................................... Other durable goods ........................................................................................................ Nondurable goods ................................................................................................................ Food and beverages purchased for off-premises consumption ....................................... Clothing and footwear ...................................................................................................... Gasoline and other energy goods .................................................................................... Other nondurable goods .................................................................................................. Services .................................................................................................................................. Household consumption expenditures (for services) ........................................................... Housing and utilities ......................................................................................................... Health care....................................................................................................................... Transportation services .................................................................................................... Recreation services ......................................................................................................... Food services and accommodations ............................................................................... Financial services and insurance ..................................................................................... Other services.................................................................................................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1 Gross output of nonprofit institutions 2 ............................................................................. Less: Receipts from sales of goods and services by nonprofit institutions 3 ................... Addenda: PCE excluding food and energy 4 ........................................................................................ Energy goods and services 5 ............................................................................................... Market-based PCE 6 ............................................................................................................ Market-based PCE excluding food and energy 6 ................................................................. I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 1.8 1.3 –1.2 1.6 –0.3 –6.1 0.6 2.4 2.3 3.6 3.4 1.7 2.2 2.3 1.9 1.8 1.9 2.7 2.8 3.9 2.1 –0.7 1.6 2.4 1.1 –0.5 –1.8 0.6 –2.0 –5.4 –0.2 0.1 1.1 0.9 –2.6 0.2 1.9 1.9 2.5 1.4 1.2 1.7 2.1 1.7 2.2 2.1 2.1 2.1 1.6 0.7 –2.1 –0.3 –1.9 –5.4 0.1 2.0 1.8 2.1 7.7 –0.3 2.1 2.1 2.8 1.3 1.3 1.5 1.5 3.3 2.0 2.6 2.1 1.9 1.1 –1.0 –1.1 0.9 –0.1 –4.9 0.1 –0.9 1.3 1.2 –7.2 –0.8 2.1 2.3 2.5 2.3 2.6 1.8 2.2 –0.1 4.1 –1.9 2.2 3.6 –0.1 –3.3 –2.0 1.2 –2.8 –6.1 0.0 –4.0 0.5 –2.7 –22.4 0.2 1.6 1.2 3.2 –0.6 –1.8 0.4 3.3 –0.6 2.0 11.0 2.4 –0.1 1.9 2.2 –2.3 0.3 –5.8 –5.0 1.8 4.5 1.2 4.7 20.9 1.2 1.8 1.7 1.9 1.6 3.4 2.4 1.3 2.6 0.5 2.0 1.9 1.9 0.7 –1.8 –2.5 0.4 –3.3 –4.1 –4.0 –1.4 0.1 –2.6 –7.7 0.4 2.0 2.0 2.6 2.0 2.1 2.2 0.4 0.4 2.8 2.4 2.5 2.5 25 26 27 28 1.8 1.4 1.8 1.8 1.2 –0.7 1.1 1.2 1.3 6.6 1.4 0.9 1.4 –3.4 1.3 1.6 0.6 –11.9 –0.3 0.5 1.4 11.8 2.0 1.4 1.1 –5.0 0.5 0.9 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. February 2014 SURVEY OF CURRENT BUSINESS D–27 3. Government Current Receipts and Expenditures Table 3.1. Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Current receipts ........................................................................................................... Current tax receipts ................................................................................................................ Personal current taxes ....................................................................................................... Taxes on production and imports ....................................................................................... Taxes on corporate income ................................................................................................ 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.................................................................................................... To the rest of the world ....................................................................................................... Subsidies................................................................................................................................ Net government saving ............................................................................................... Social insurance funds ........................................................................................................... Other ...................................................................................................................................... Addenda: Total receipts .................................................................................................................... Current receipts ............................................................................................................. Capital transfer receipts ................................................................................................. Total expenditures............................................................................................................ Current expenditures...................................................................................................... Gross government investment ....................................................................................... Capital transfer payments .............................................................................................. Net purchases of nonproduced assets .......................................................................... Less: Consumption of fixed capital ................................................................................ Net lending or net borrowing (–)..................................................................................... 2013 I II III IV 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 4,259.2 3,041.2 1,498.0 1,122.9 402.4 17.8 955.3 131.4 107.9 23.4 159.1 70.6 88.5 –27.7 5,621.6 2,548.0 2,384.7 2,334.8 2,316.8 18.0 49.9 631.6 538.6 93.0 57.3 –1,362.3 –289.9 –1,072.4 .................... .................... 1,659.3 1,147.5 .................... 20.1 1,111.4 246.0 112.5 133.5 168.9 78.5 90.4 –39.8 5,669.6 2,518.5 2,467.7 2,418.8 2,400.3 18.5 49.0 624.5 .................... .................... 58.8 .................... –306.4 .................... 4,320.3 3,098.2 1,552.8 1,126.3 399.2 19.9 972.6 132.6 109.3 23.3 148.7 59.7 89.0 –31.8 5,653.0 2,538.1 2,406.9 2,366.1 2,347.9 18.1 40.9 650.2 557.8 92.4 57.7 –1,332.7 –290.6 –1,042.1 4,547.3 3,164.4 1,629.0 1,140.7 375.4 19.2 1,099.0 154.3 110.5 43.8 165.1 75.7 89.4 –35.5 5,630.1 2,525.3 2,448.1 2,400.4 2,382.0 18.4 47.6 598.8 505.2 93.6 58.0 –1,082.9 –311.8 –771.1 4,832.0 3,211.8 1,668.8 1,138.8 384.7 19.4 1,108.6 380.6 111.7 268.9 170.0 80.1 89.9 –39.0 5,682.7 2,517.5 2,457.3 2,404.9 2,386.5 18.4 52.4 649.0 556.4 92.6 58.9 –850.7 –300.9 –549.8 4,623.6 3,210.0 1,657.8 1,149.0 383.2 20.0 1,114.4 175.3 113.6 61.7 165.3 74.6 90.7 –41.4 5,699.3 2,523.2 2,485.3 2,431.8 2,413.1 18.7 53.5 631.7 539.0 92.8 59.1 –1,075.7 –308.2 –767.5 ................... ................... 1,681.5 1,161.6 ................... 21.6 1,123.5 273.8 114.1 159.6 175.3 83.7 91.6 –43.2 5,666.1 2,508.2 2,480.3 2,437.9 2,419.5 18.4 42.4 618.3 ................... ................... 59.3 ................... –304.7 ................... 29 30 31 32 33 34 35 36 37 38 4,280.9 .................... 4,259.2 .................... 21.7 24.6 5,788.0 5,792.5 5,621.6 5,669.6 619.0 607.0 32.2 12.5 8.9 8.7 493.6 505.2 –1,507.1 .................... 4,351.9 4,320.3 31.6 5,831.4 5,653.0 612.5 54.6 8.7 497.4 –1,479.5 4,569.9 4,547.3 22.6 5,754.8 5,630.1 598.8 17.2 9.2 500.5 –1,184.9 4,855.3 4,832.0 23.3 5,805.6 5,682.7 604.4 13.0 8.8 503.4 –950.3 4,648.7 ................... 4,623.6 ................... 25.1 27.5 5,827.4 5,782.2 5,699.3 5,666.1 614.4 610.4 11.7 7.9 8.2 8.7 506.1 510.9 –1,178.7 ................... National Data D–28 February 2014 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 Current receipts.......... Current tax receipts .............. Personal current taxes ...... Taxes on production and imports ......................... Excise taxes ................. Customs duties............. Taxes on corporate income .......................... Federal Reserve banks Other ............................ Taxes from the rest of the world ............................. Contributions for government social insurance................ Income receipts on assets .... Interest receipts ................ Dividends.......................... 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 ................. To persons and business To the rest of the world ..... Subsidies .............................. Net federal government saving Social insurance funds ......... Other .................................... Addenda: Total receipts .................. Current receipts ............ Capital transfer receipts Total expenditures .......... Current expenditures .... Gross government investment ................ Capital transfer payments .................. Net purchases of nonproduced assets Less: Consumption of fixed capital .............. Net lending or net borrowing (–)............... 1 2 3 2012 2013 2,663.0 ............... 1,636.0 ............... 1,149.2 1,282.7 2012 Line 2013 IV I II 2,709.0 1,679.8 1,194.0 2,900.1 1,711.0 1,252.0 3,166.9 1,742.5 1,275.7 III 2,976.1 .............. 1,760.7 .............. 1,292.2 1,310.8 4 5 6 118.0 84.5 33.5 120.4 85.0 35.4 118.0 83.8 34.2 118.8 83.5 35.4 118.6 84.5 34.1 119.3 84.6 34.8 7 8 9 351.0 ............... 88.4 ............... 262.6 ............... 347.9 77.8 270.0 321.0 61.9 259.1 328.7 73.9 254.8 329.3 .............. 78.8 .............. 250.5 .............. 124.8 87.5 37.3 10 17.8 20.1 19.9 19.2 19.4 20.0 21.6 11 12 13 14 15 16 17 18 937.8 52.9 22.2 21.1 9.6 49.7 28.7 21.0 1,093.8 164.6 23.4 131.2 10.0 55.4 35.0 20.4 955.3 53.3 22.2 20.9 10.2 38.4 17.7 20.7 1,081.7 74.1 23.3 41.4 9.3 53.9 33.5 20.4 1,091.2 299.6 23.4 266.6 9.6 57.4 37.1 20.3 1,096.9 93.4 23.6 59.3 10.4 51.0 30.6 20.4 1,105.6 191.3 23.3 157.4 10.6 59.3 38.8 20.5 19 20 21 22 –13.4 3,772.7 1,011.7 2,283.6 –24.4 3,793.4 971.3 2,349.4 –17.8 3,787.5 993.9 2,301.7 –20.6 3,753.2 982.3 2,327.2 –23.8 3,820.1 976.0 2,347.1 –25.9 3,825.7 972.4 2,372.0 –27.3 3,774.8 954.6 2,351.2 23 24 25 1,790.5 1,772.5 18.0 1,856.5 1,838.0 18.5 1,812.3 1,794.2 18.1 1,848.1 1,829.7 18.4 1,849.0 1,830.6 18.4 1,862.8 1,844.2 18.7 1,865.9 1,847.4 18.4 26 493.1 492.9 489.3 479.2 498.1 509.2 485.3 27 443.2 444.0 448.4 431.5 445.7 455.7 442.9 28 29 30 31 32 49.9 49.0 420.6 414.3 327.6 ............... 93.0 ............... 56.8 58.4 40.9 434.7 342.3 92.4 57.3 47.6 386.1 292.5 93.6 57.5 52.4 438.4 345.8 92.6 58.5 53.5 42.4 422.7 410.1 329.9 .............. 92.8 .............. 58.6 58.8 33 –1,109.7 ............... –1,078.5 34 –293.9 –311.2 –294.6 35 –815.8 ............... –784.0 –853.1 –315.9 –537.1 –653.1 –305.4 –347.7 –849.7 .............. –313.2 –310.3 –536.5 .............. 36 37 38 39 40 2,725.1 2,709.0 16.1 3,923.4 3,787.5 2,917.7 2,900.1 17.6 3,843.1 3,753.2 3,184.8 3,166.9 17.8 3,905.3 3,820.1 2,995.7 .............. 2,976.1 .............. 19.6 21.9 3,916.7 3,846.7 3,825.7 3,774.8 2,677.1 ............... 2,663.0 ............... 14.1 19.2 3,891.9 3,877.9 3,772.7 3,793.4 2012 2013 41 284.0 274.8 281.4 272.7 276.6 278.8 271.2 42 98.7 78.0 119.6 83.4 76.2 81.1 71.4 43 –1.4 –0.8 –1.4 –0.6 –0.8 –1.1 –0.5 44 262.3 267.6 263.7 265.6 266.8 267.8 270.2 45 –1,214.8 ............... –1,198.3 –925.4 –720.5 –921.0 .............. 2012 IV IV Current receipts ...................... Current tax receipts .......................... Personal current taxes .................. Income taxes ............................ Other......................................... Taxes on production and imports Sales taxes ............................... Property taxes .......................... Other......................................... Taxes on corporate income ........... Contributions for government social insurance ...................................... Income receipts on assets ................ Interest receipts ............................ Dividends ...................................... Rents and royalties ....................... Current transfer receipts ................... Federal grants-in-aid ..................... From business (net) ...................... From persons ................................ Current surplus of government enterprises .................................... Current expenditures ............. Consumption expenditures ............... Government social benefit payments to persons ..................................... Interest payments ............................. Subsidies .......................................... Net state and local government saving ............. Social insurance funds...................... Other ................................................. Addenda: Total receipts ............................... Current receipts ........................ Capital transfer receipts ............ Total expenditures ...................... Current expenditures ................ Gross government investment Capital transfer payments ......... Net purchases of nonproduced assets ................................... Less: Consumption of fixed capital ................................... Net lending or net borrowing (–) 2013 I II III IV 1 2,039.4 ............ 2,059.7 2,078.7 2,110.8 2,103.2 ............. 2 1,405.2 ............ 1,418.4 1,453.4 1,469.3 1,449.3 ............. 3 348.8 376.6 358.8 377.1 393.1 365.6 370.7 4 317.3 344.5 326.9 345.5 361.0 333.4 338.2 5 31.6 32.1 31.8 31.6 32.1 32.2 32.5 6 1,004.9 1,027.2 1,008.3 1,021.9 1,020.2 1,029.7 1,036.8 7 474.9 492.8 477.3 490.7 488.0 493.3 499.1 8 440.0 443.4 441.4 441.9 442.8 443.8 444.9 9 90.0 91.0 89.6 89.2 89.5 92.5 92.8 10 51.4 ............ 51.3 54.5 56.0 54.0 ............. 11 12 13 14 15 16 17 18 19 17.5 78.5 64.2 2.4 11.9 552.6 443.2 41.9 67.5 17.5 81.4 66.8 2.3 12.2 557.5 444.0 43.5 70.0 17.3 79.3 64.9 2.3 12.1 558.7 448.4 42.0 68.3 17.3 80.2 65.8 2.3 12.1 542.7 431.5 42.2 69.0 17.4 80.9 66.4 2.3 12.2 558.4 445.7 43.0 69.6 17.6 81.9 67.2 2.4 12.3 569.9 455.7 43.9 70.3 17.9 82.4 67.9 2.2 12.4 558.9 442.9 44.9 71.1 20 –14.3 –15.4 –14.0 –14.9 –15.2 –15.5 –15.9 21 2,292.1 2,320.1 2,313.9 2,308.5 2,308.4 2,329.2 2,334.2 22 1,536.4 1,547.2 1,544.3 1,543.0 1,541.4 1,550.8 1,553.5 23 24 25 544.3 211.0 0.5 562.3 210.1 0.5 553.7 215.5 0.5 552.3 212.7 0.5 555.9 210.6 0.5 568.9 209.0 0.5 572.0 208.1 0.5 26 –252.7 ............ –254.2 –229.8 –197.6 –226.0 ............. 27 3.9 4.8 3.9 4.2 4.5 5.0 5.7 28 –256.6 ............ –258.2 –234.0 –202.1 –231.0 ............. 29 30 31 32 33 34 35 2,113.5 2,039.4 74.1 2,405.9 2,292.1 334.9 0.0 ............ ............ 71.0 2,424.1 2,320.1 332.2 0.0 2,140.2 2,059.7 80.5 2,421.4 2,313.9 331.2 0.0 2,149.9 2,078.7 71.3 2,409.5 2,308.5 326.1 0.0 2,179.4 2,110.8 68.6 2,409.2 2,308.4 327.8 0.0 2,178.1 2,103.2 74.9 2,435.8 2,329.2 335.6 0.0 ............. ............. 69.1 2,442.0 2,334.2 339.2 0.0 36 10.2 9.5 10.1 9.8 9.6 9.4 9.2 37 231.4 237.6 233.7 234.9 236.6 238.3 240.6 38 –292.4 ............ –281.2 –259.6 –229.8 –257.7 ............. SURVEY OF CURRENT BUSINESS February 2014 Table 3.9.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross Investment D–29 Table 3.9.2. Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment [Percent] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Government consumption expenditures and gross investment .......................... Consumption expenditures 1 Gross investment 2 ............... Structures......................... Equipment ........................ Intellectual property products ....................... Software ....................... Research and development ............. Federal............................................. Consumption expenditures ....... Gross investment...................... Structures ............................. Equipment ............................ Intellectual proper ty products Software ........................... Research and development ................. National defense ......................... Consumption expenditures ....... Gross investment...................... Structures ............................. Equipment ............................ Intellectual proper ty products Software ........................... Research and development ................. Nondefense ................................. Consumption expenditures ....... Gross investment...................... Structures ............................. Equipment ............................ Intellectual proper ty products Software ........................... Research and development ................. State and local ................................ Consumption expenditures ........... Gross investment.......................... Structures ................................. Equipment ................................ Intellectual proper ty products ... Software ............................... Research and development Seasonally adjusted at annual rates 2013 I II Line III 2012 2013 IV 1 2 3 4 5 –1.0 –0.2 –4.0 –7.0 –0.2 –2.2 –2.0 –3.1 –4.9 –3.3 –6.5 –6.8 –5.3 –5.0 –9.9 –4.2 –2.7 –10.1 –13.1 –18.0 –0.4 –1.1 2.4 –0.7 12.6 0.4 –0.8 5.5 8.9 5.4 –4.9 –4.9 –4.9 –2.0 –12.1 6 7 –2.3 3.1 –0.3 2.6 –1.9 7.8 1.1 4.8 –0.3 –6.5 0.6 6.6 –3.6 –0.1 8 9 10 11 12 13 14 15 –3.5 –1.4 –0.6 –4.3 –26.8 –0.1 –2.8 2.1 –1.1 –5.1 –5.5 –3.9 –21.5 –4.3 –1.0 1.3 –4.3 –13.9 –16.1 –5.5 35.4 –15.5 –2.9 7.2 0.2 –8.4 –7.0 –13.2 –56.1 –19.9 0.2 2.2 1.4 –1.6 –3.3 4.8 –7.9 15.7 –0.2 –6.7 –0.9 –1.5 –2.7 2.9 5.8 7.3 –0.3 5.3 –4.5 –12.6 –12.7 –12.2 –26.4 –19.9 –4.9 –2.4 16 17 18 19 20 21 22 23 –3.7 –3.2 –2.7 –5.3 –38.6 –1.2 –4.0 0.8 –1.4 –7.0 –7.6 –4.5 –25.4 –4.9 –1.6 0.8 –4.8 –21.6 –24.9 –7.5 111.4 –19.2 –0.5 6.0 –0.2 –11.2 –9.6 –17.3 –65.7 –23.0 –1.2 2.5 1.1 –0.6 –3.2 10.2 0.6 21.0 –0.3 –8.4 –1.4 –0.5 –1.7 4.6 –3.3 10.1 –0.9 5.1 –5.4 –14.0 –13.2 –16.9 –53.4 –22.5 –5.1 0.2 24 25 26 27 28 29 30 31 –4.5 1.8 3.5 –3.0 –17.3 4.9 –1.9 2.7 –1.9 –2.0 –1.6 –3.0 –19.2 –2.0 –0.5 1.5 –1.2 1.0 2.2 –2.6 4.9 2.6 –4.9 7.7 –1.7 –3.6 –2.4 –7.2 –49.2 –5.7 1.3 2.0 0.8 –3.1 –3.4 –2.2 –12.5 –4.3 –0.2 –6.0 –1.6 –3.1 –4.2 0.5 11.5 –4.3 0.2 5.4 –5.8 –10.3 –11.9 –5.3 –6.8 –7.2 –4.7 –3.5 32 33 34 35 36 37 38 39 40 –3.0 –0.7 0.0 –3.7 –4.8 –0.3 0.8 5.0 –2.1 –1.0 –0.2 0.3 –2.5 –3.5 –0.8 2.9 5.0 1.3 –7.9 –1.0 –0.1 –5.2 –7.8 5.9 3.4 8.9 –0.6 1.1 –1.3 0.1 –7.5 –8.2 –12.9 6.0 9.6 3.2 1.4 0.4 0.4 0.4 –0.1 5.1 –0.8 –6.2 3.5 –1.1 1.7 0.4 7.7 9.2 0.7 5.3 9.1 2.6 –5.0 0.5 0.3 1.5 0.0 10.7 2.9 4.1 1.9 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. Percent change at annual rate: Government consumption expenditures and gross investment ........................... Percentage points at annual rates: Consumption expenditures 1 Gross investment 2 ............... Structures ......................... Equipment ........................ Intellectual property products ........................ Software ....................... Research and development ............. Federal ............................................. Consumption expenditures ....... Gross investment ...................... Structures ............................. Equipment ............................ Intellectual proper ty products Software ........................... Research and development ................. National defense ......................... Consumption expenditures ....... Gross investment ...................... Structures ............................. Equipment ............................ Intellectual proper ty products Software ........................... Research and development ................. Nondefense ................................. Consumption expenditures ....... Gross investment ...................... Structures ............................. Equipment ............................ Intellectual proper ty products Software ........................... Research and development ................. State and local ................................ Consumption expenditures ........... Gross investment .......................... Structures ................................. Equipment................................. Intellectual property products ... Software................................ Research and development 2012 2013 IV I II III IV 1 –1.0 –2.2 –6.5 –4.2 –0.4 0.4 –4.9 2 3 4 5 –0.17 –0.81 –0.66 –0.01 –1.59 –0.62 –0.44 –0.15 –5.53 –0.99 –0.43 –0.46 –2.19 –2.02 –1.22 –0.87 –0.85 0.45 –0.06 0.53 –0.64 1.04 0.76 0.24 –3.96 –0.95 –0.17 –0.57 6 7 –0.14 0.04 –0.02 0.03 –0.11 0.09 0.07 0.06 –0.02 –0.08 0.04 0.08 –0.22 0.00 8 9 10 11 12 13 14 15 –0.17 –0.59 –0.18 –0.40 –0.26 0.00 –0.14 0.02 –0.05 –2.10 –1.76 –0.35 –0.15 –0.14 –0.05 0.01 –0.20 –5.94 –5.48 –0.46 0.21 –0.53 –0.14 0.06 0.01 –3.47 –2.25 –1.22 –0.53 –0.70 0.01 0.02 0.07 –0.64 –1.05 0.41 –0.05 0.47 –0.01 –0.06 –0.04 –0.59 –0.84 0.25 0.03 0.23 –0.01 0.04 –0.22 –5.24 –4.12 –1.12 –0.17 –0.70 –0.25 –0.02 16 17 18 19 20 21 22 23 –0.16 –0.85 –0.56 –0.29 –0.16 –0.03 –0.09 0.00 –0.06 –1.81 –1.58 –0.24 –0.07 –0.13 –0.04 0.00 –0.20 –6.11 –5.74 –0.37 0.19 –0.55 –0.01 0.01 –0.01 –2.92 –1.97 –0.95 –0.26 –0.66 –0.03 0.01 0.05 –0.15 –0.64 0.49 0.00 0.50 –0.01 –0.02 –0.06 –0.11 –0.34 0.23 –0.01 0.26 –0.02 0.01 –0.23 –3.62 –2.70 –0.92 –0.15 –0.66 –0.12 0.00 24 25 26 27 28 29 30 31 –0.09 0.26 0.38 –0.12 –0.09 0.03 –0.05 0.01 –0.04 –0.29 –0.18 –0.11 –0.09 –0.01 –0.01 0.01 –0.02 0.17 0.26 –0.09 0.02 0.02 –0.13 0.04 –0.03 –0.55 –0.28 –0.27 –0.27 –0.04 0.04 0.01 0.02 –0.49 –0.40 –0.08 –0.05 –0.03 0.00 –0.03 –0.03 –0.48 –0.50 0.02 0.04 –0.03 0.01 0.03 –0.12 –1.62 –1.42 –0.20 –0.02 –0.04 –0.13 –0.02 32 33 34 35 36 37 38 39 40 –0.07 –0.39 0.01 –0.40 –0.41 0.00 0.01 0.02 –0.01 –0.02 –0.11 0.16 –0.27 –0.29 –0.01 0.03 0.02 0.01 –0.17 –0.58 –0.05 –0.53 –0.64 0.08 0.03 0.04 0.00 0.02 –0.74 0.06 –0.80 –0.69 –0.18 0.06 0.04 0.02 0.03 0.24 0.19 0.05 –0.01 0.06 –0.01 –0.03 0.02 –0.02 0.99 0.20 0.79 0.73 0.01 0.05 0.04 0.01 –0.11 0.33 0.16 0.17 0.01 0.13 0.03 0.02 0.01 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. National Data D–30 February 2014 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, 2009=100] [Index numbers, 2009=100] Seasonally adjusted Seasonally adjusted Line 2012 2013 2012 IV Government consumption expenditures and gross investment .......................... Consumption expenditures 1 Gross investment 2 ............... Structures ......................... Equipment ........................ Intellectual property products ....................... Software ....................... Research and development ............. Federal............................................. Consumption expenditures ....... Gross investment...................... Structures ............................. Equipment ............................ Intellectual proper ty products Software ........................... Research and development ................. National defense......................... Consumption expenditures ....... Gross investment...................... Structures ............................. Equipment ............................ Intellectual proper ty products Software ........................... Research and development ................. Nondefense ................................. Consumption expenditures ....... Gross investment...................... Structures ............................. Equipment ............................ Intellectual proper ty products Software ........................... Research and development ................. State and local ................................ Consumption expenditures ........... Gross investment.......................... Structures ................................. Equipment ................................ Intellectual property products ... Software ............................... Research and development 1 2 3 4 5 95.921 97.228 90.869 83.196 97.473 93.800 95.299 88.007 79.123 94.245 95.135 96.549 89.674 81.269 96.980 Line 2013 I 94.117 95.882 87.308 78.474 92.297 II 94.024 95.629 87.825 78.342 95.070 III 94.117 95.439 89.006 80.036 96.334 92.941 94.246 87.891 79.638 93.278 8 96.107 95.064 95.155 95.197 95.525 95.314 94.218 9 100.212 95.059 98.455 96.315 95.933 95.581 92.409 10 101.453 95.878 99.414 97.617 96.806 96.155 92.933 11 96.045 92.324 95.244 91.937 93.014 93.676 90.669 12 73.863 57.994 73.202 59.586 58.366 59.198 54.824 13 99.458 95.155 98.346 93.032 96.485 98.202 92.900 14 97.960 96.993 97.334 97.372 97.321 97.248 96.032 15 113.979 115.424 115.725 116.354 114.352 115.846 115.145 16 95.359 94.010 94.357 94.302 94.560 94.238 92.943 17 97.562 90.727 94.506 91.731 91.592 91.488 88.098 18 99.523 91.927 95.892 93.502 92.746 92.341 89.120 19 90.571 86.476 89.580 85.413 87.509 88.497 84.486 20 46.903 34.986 47.925 36.679 36.734 36.427 30.103 21 97.474 92.733 95.848 89.786 94.172 96.471 90.502 22 92.663 91.188 91.918 91.638 91.578 91.366 90.170 23 112.539 113.454 113.888 114.605 112.122 113.519 113.572 89.698 105.708 106.164 104.292 109.222 110.685 102.227 116.556 89.321 104.740 105.513 102.369 92.227 109.083 102.559 117.146 89.497 103.910 104.594 101.809 89.190 107.900 102.514 115.360 89.128 103.098 103.468 101.945 91.645 106.712 102.571 116.898 2013 IV 6 99.115 98.775 98.707 98.982 98.903 99.061 98.155 7 112.558 115.433 114.634 115.974 114.031 115.879 115.849 88.940 103.019 103.455 101.670 90.778 107.108 102.246 116.315 2012 24 25 26 27 28 29 30 31 90.647 105.068 105.146 104.788 112.290 109.244 102.747 114.631 87.813 100.327 100.245 100.556 90.049 104.737 101.339 115.857 32 33 34 35 36 37 38 39 40 100.094 99.110 99.034 99.308 99.650 99.378 98.104 93.128 92.963 92.966 92.672 92.765 93.147 93.268 94.616 94.937 94.772 94.800 94.894 94.989 95.063 86.787 84.576 85.289 83.644 83.734 85.306 85.622 84.097 81.184 82.045 80.315 80.290 82.068 82.063 92.799 92.077 93.725 90.552 91.688 91.857 94.213 105.335 108.373 106.101 107.647 107.420 108.827 109.597 110.028 115.484 112.699 115.322 113.486 115.972 117.156 102.042 103.401 101.485 102.288 103.172 103.831 104.314 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction, software, and research and development). 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 investment 2 ............... Structures ......................... Equipment ........................ Intellectual property products ........................ Software ....................... Research and development ............. Federal ............................................. Consumption expenditures ....... Gross investment ...................... Structures ............................. Equipment ............................ Intellectual property products Software ........................... Research and development ................. National defense ......................... Consumption expenditures ....... Gross investment ...................... Structures ............................. Equipment ............................ Intellectual property products Software ........................... Research and development ................. Nondefense ................................. Consumption expenditures ....... Gross investment ...................... Structures ............................. Equipment ............................ Intellectual property products Software ........................... Research and development ................. State and local ................................ Consumption expenditures ........... Gross investment .......................... Structures ................................. Equipment................................. Intellectual property products ... Software................................ Research and development 1 2 3 4 5 106.882 107.314 105.273 107.540 101.528 107.869 108.221 106.594 110.053 101.285 2012 2013 IV I II III IV 107.209 107.649 105.569 108.394 101.210 107.454 107.849 106.000 109.012 101.120 107.485 107.799 106.363 109.633 101.393 107.916 108.259 106.679 110.286 101.259 108.622 108.978 107.332 111.279 101.368 6 104.864 105.710 104.838 105.409 105.482 105.676 106.272 7 99.832 100.047 99.492 99.916 100.184 100.109 99.980 8 9 10 11 12 13 14 15 106.097 106.184 106.799 104.142 105.211 102.408 105.217 100.065 107.115 107.669 108.519 104.821 108.030 102.298 106.161 100.457 106.155 106.370 107.070 104.030 106.132 101.994 105.171 99.771 106.767 107.007 107.771 104.446 106.822 102.061 105.785 100.303 106.784 107.229 107.980 104.715 107.645 102.502 105.874 100.569 107.054 107.504 108.309 104.807 108.334 102.265 106.122 100.521 107.856 108.938 110.016 105.319 109.318 102.364 106.862 100.433 16 17 18 19 20 21 22 23 106.142 106.252 106.824 104.185 105.110 102.762 105.926 99.504 107.197 107.812 108.608 104.901 107.969 102.700 107.382 99.731 106.145 106.542 107.221 104.068 106.114 102.328 106.083 99.158 106.775 107.283 108.061 104.433 106.694 102.391 106.790 99.610 106.828 107.512 108.243 104.839 107.550 102.940 106.981 99.885 107.136 107.784 108.568 104.917 108.265 102.704 107.389 99.790 108.047 108.668 109.557 105.414 109.367 102.768 108.369 99.640 24 25 26 27 28 29 30 31 106.678 106.077 106.755 104.128 105.269 100.744 104.650 100.320 108.295 107.428 108.349 104.758 108.069 100.436 105.179 100.785 106.900 106.081 106.795 104.023 106.142 100.413 104.440 100.050 107.640 106.549 107.257 104.507 106.898 100.499 104.978 100.617 107.820 106.760 107.511 104.589 107.702 100.490 104.984 100.880 108.294 107.040 107.848 104.701 108.377 100.253 105.103 100.853 109.425 109.365 110.778 105.235 109.300 100.502 105.649 100.793 32 33 34 35 36 37 38 39 40 105.683 107.371 107.652 106.294 107.793 99.326 102.994 99.393 105.685 106.226 108.026 108.045 108.170 110.283 98.769 103.374 99.286 106.453 105.488 107.798 108.029 106.945 108.642 99.247 103.061 98.967 106.145 106.017 107.775 107.907 107.388 109.254 98.776 103.426 99.195 106.624 105.953 107.676 107.693 107.834 109.860 98.643 103.420 99.466 106.388 106.112 108.213 108.235 108.343 110.511 98.761 103.362 99.342 106.384 106.824 108.441 108.345 109.116 111.506 98.896 103.287 99.140 106.416 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. SURVEY OF CURRENT BUSINESS February 2014 D–31 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 (2009) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates Line 2012 2013 2012 IV Government consumption expenditures and gross investment .......................... Consumption expenditures 1 Gross investment 2 ............... Structures......................... Equipment ........................ Intellectual property products ....................... Software ....................... Research and development ............. Federal............................................. Consumption expenditures ....... Gross investment...................... Structures ............................. Equipment ............................ Intellectual property products Software ........................... Research and development ................. National defense......................... Consumption expenditures ....... Gross investment...................... Structures ............................. Equipment ............................ Intellectual property products Software ........................... Research and development ................. Nondefense ................................. Consumption expenditures ....... Gross investment...................... Structures ............................. Equipment ............................ Intellectual property products Software ........................... Research and development ................. State and local ................................ Consumption expenditures ........... Gross investment.......................... Structures ................................. Equipment ................................ Intellectual proper ty products ... Software ............................... Research and development Line 2013 I II III 186.9 38.3 187.8 39.3 186.1 38.8 187.6 39.5 187.6 38.9 188.3 39.5 2013 187.6 39.4 8 148.7 148.5 147.3 148.2 148.7 148.8 148.2 9 1,295.7 1,246.2 1,275.2 1,255.0 1,252.6 1,251.2 1,225.8 10 1,011.7 971.3 993.9 982.3 976.0 972.4 954.6 11 284.0 274.8 281.4 272.7 276.6 278.8 271.2 12 22.7 18.3 22.6 18.6 18.3 18.7 17.5 13 105.6 101.0 104.0 98.5 102.6 104.2 98.6 14 155.8 155.6 154.7 155.7 155.7 156.0 155.1 15 24.9 25.3 25.2 25.5 25.1 25.4 25.2 16 17 18 19 20 21 22 23 130.9 817.1 652.0 165.1 8.4 86.2 70.5 7.7 130.3 771.0 612.3 158.7 6.5 81.9 70.3 7.7 129.5 793.7 630.6 163.1 8.7 84.4 70.0 7.7 130.2 775.8 619.7 156.1 6.7 79.1 70.3 7.8 130.6 776.3 615.7 160.5 6.8 83.4 70.4 7.7 130.5 777.3 614.9 162.5 6.8 85.2 70.5 7.7 129.8 754.7 598.8 155.8 5.6 80.0 70.2 7.7 24 25 26 27 28 29 30 31 62.9 478.6 359.7 118.9 14.2 19.5 85.3 17.2 62.6 475.1 359.1 116.1 11.8 19.0 85.3 17.6 62.3 481.5 363.3 118.2 13.9 19.7 84.7 17.5 62.5 479.2 362.6 116.6 11.8 19.4 85.4 17.7 62.7 476.3 360.3 116.1 11.5 19.2 85.3 17.5 62.7 473.9 357.5 116.3 11.9 18.9 85.5 17.7 62.5 471.1 355.8 115.3 11.8 18.6 84.9 17.5 32 68.0 67.7 67.2 67.7 67.9 67.8 67.4 33 1,871.3 1,879.4 1,875.4 1,869.1 1,869.3 1,886.3 1,892.7 34 1,536.4 1,547.2 1,544.3 1,543.0 1,541.4 1,550.8 1,553.5 35 334.9 332.2 331.2 326.1 327.8 335.6 339.2 36 262.7 259.5 258.3 254.3 255.6 262.8 265.2 37 41.1 40.5 41.4 39.8 40.3 40.4 41.5 38 31.2 32.2 31.4 32.0 31.9 32.3 32.5 39 13.4 14.0 13.6 14.0 13.8 14.1 14.2 40 17.8 18.2 17.8 18.0 18.1 18.2 18.3 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 2012 IV IV 1 3,167.0 3,125.5 3,150.7 3,124.1 3,121.9 3,137.5 3,118.6 2 2,548.0 2,518.5 2,538.1 2,525.3 2,517.5 2,523.2 2,508.2 3 619.0 607.0 612.5 598.8 604.4 614.4 610.4 4 285.3 277.7 281.0 272.8 273.9 281.5 282.6 5 146.7 141.5 145.5 138.3 142.9 144.6 140.1 6 7 2012 Government consumption expenditures and gross investment ........................... Consumption expenditures 1 Gross investment 2 ............... Structures ......................... Equipment ........................ Intellectual property products ........................ Software ....................... Research and development ............. Federal ............................................. Consumption expenditures ....... Gross investment ...................... Structures ............................. Equipment ............................ Intellectual property products Software ........................... Research and development ................. National defense ......................... Consumption expenditures ....... Gross investment ...................... Structures ............................. Equipment ............................ Intellectual property products Software ........................... Research and development ................. Nondefense ................................. Consumption expenditures ....... Gross investment ...................... Structures ............................. Equipment ............................ Intellectual property products Software ........................... Research and development ................. State and local ................................ Consumption expenditures ........... Gross investment .......................... Structures ................................. Equipment................................. Intellectual property products ... Software................................ Research and development Residual ............................................ 2013 I II III IV 1 2,963.1 2,897.6 2,938.8 2,907.4 2,904.5 2,907.4 2,871.0 2 2,374.4 2,327.3 2,357.8 2,341.5 2,335.3 2,330.7 2,301.5 3 588.0 569.4 580.2 564.9 568.3 575.9 568.7 4 265.3 252.3 259.2 250.3 249.9 255.3 254.0 5 144.5 139.7 143.8 136.8 141.0 142.8 138.3 6 7 178.3 38.3 177.6 39.3 177.5 39.0 178.0 39.5 177.9 38.8 178.2 39.5 176.5 39.5 8 140.1 138.6 138.7 138.8 139.3 139.0 137.4 9 1,220.3 1,157.5 1,198.9 1,172.8 1,168.2 1,163.9 1,125.2 10 947.3 895.2 928.2 911.5 903.9 897.8 867.7 11 272.8 262.2 270.5 261.1 264.1 266.0 257.5 12 21.5 16.9 21.3 17.4 17.0 17.3 16.0 13 103.2 98.7 102.0 96.5 100.1 101.9 96.4 14 148.0 146.6 147.1 147.1 147.1 147.0 145.1 15 24.9 25.2 25.3 25.4 25.0 25.3 25.1 16 17 18 19 20 21 22 23 123.3 769.1 610.4 158.5 8.0 83.9 66.6 7.7 121.5 715.2 563.8 151.3 6.0 79.8 65.5 7.8 122.0 745.0 588.1 156.8 8.2 82.5 66.0 7.8 121.9 723.1 573.4 149.5 6.3 77.2 65.8 7.8 122.3 722.0 568.8 153.1 6.3 81.0 65.8 7.7 121.8 721.2 566.3 154.9 6.2 83.0 65.6 7.8 120.2 694.5 546.6 147.8 5.2 77.9 64.8 7.8 24 25 26 27 28 29 30 31 58.9 451.2 336.9 114.2 13.5 19.3 81.5 17.2 57.8 442.4 331.5 110.8 10.9 18.9 81.1 17.4 58.3 453.9 340.2 113.7 13.1 19.6 81.1 17.5 58.1 449.8 338.1 111.6 11.1 19.3 81.3 17.6 58.2 446.2 335.1 111.0 10.7 19.1 81.3 17.3 57.9 442.7 331.5 111.1 11.0 18.9 81.3 17.5 57.1 430.8 321.2 109.6 10.8 18.5 80.4 17.4 32 64.4 63.7 63.7 63.8 64.1 63.9 63.1 33 1,742.8 1,739.7 1,739.8 1,734.3 1,736.0 1,743.2 1,745.4 34 1,427.1 1,432.0 1,429.5 1,429.9 1,431.3 1,432.8 1,433.9 35 315.1 307.1 309.6 303.7 304.0 309.7 310.8 36 243.7 235.3 237.7 232.7 232.7 237.8 237.8 37 41.3 41.0 41.8 40.3 40.8 40.9 42.0 38 30.3 31.1 30.5 30.9 30.9 31.3 31.5 39 13.5 14.1 13.8 14.1 13.9 14.2 14.3 40 16.8 17.1 16.7 16.9 17.0 17.1 17.2 41 0.5 0.5 0.3 0.8 0.5 0.6 0.2 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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–32 National Data February 2014 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 2012 2013 2012 IV Government 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 investment 4 ................................................................................... Less: Sales to other sectors 5 ........................................................................................ 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 investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... 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 investment 4 ....................................................................................... Less: 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 capital 2 .................................................. Intermediate goods and services purchased 3 .............................................................. Durable goods............................................................................................................ Nondurable goods...................................................................................................... Commodity Credit Corporation inventory change .................................................. Other nondurable goods ........................................................................................ Services ..................................................................................................................... Less: Own-account investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... State and local 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 investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... Tuition and related educational charges ........................................................................ Health and hospital charges .......................................................................................... Other sales 5 .................................................................................................................. 2013 I II III IV 1 –0.2 –2.0 –6.8 –2.7 –1.1 –0.8 –4.9 2 –0.2 –1.5 –5.8 –1.9 –0.7 –0.3 –3.9 3 0.0 –0.4 –0.4 –0.3 –0.2 –1.1 –1.4 4 –0.4 –0.8 –0.9 –0.7 –0.5 –1.7 –2.0 5 1.4 1.1 1.1 1.0 1.0 1.1 1.1 6 –0.5 –3.7 –15.5 –4.8 –1.6 1.2 –8.7 7 –1.1 –4.8 –6.1 –22.0 8.2 –2.5 –3.2 8 0.4 –0.9 2.3 –0.6 –5.3 0.1 –2.9 9 –0.9 –4.8 –23.7 –4.8 –0.8 2.1 –12.0 10 –3.0 –1.3 –4.2 –1.1 0.9 2.1 –3.5 11 0.5 1.4 –0.2 3.1 1.3 1.8 2.1 12 –0.6 –5.5 –16.1 –7.0 –3.3 –2.7 –12.7 13 –1.1 –5.4 –15.8 –6.3 –3.5 –2.5 –12.7 14 –0.1 –1.7 –0.6 –1.2 –1.6 –4.5 –4.9 15 –1.0 –3.4 –1.7 –2.6 –3.2 –7.9 –8.6 16 1.5 1.1 1.1 1.0 0.9 1.0 1.0 17 –2.8 –11.7 –36.4 –15.0 –7.1 1.2 –26.0 18 –1.8 –7.3 –8.0 –31.4 12.3 –4.4 –5.4 19 –2.4 –10.0 10.6 –8.5 –30.5 –6.8 –22.1 20 –3.1 –12.8 –46.9 –13.1 –4.2 4.0 –30.0 21 –5.3 –2.7 –4.5 –0.7 –0.8 –1.5 –9.7 22 –30.2 –4.2 –17.4 75.7 –34.0 6.6 –15.7 23 –2.7 –7.6 –24.9 –9.6 –3.2 –1.7 –13.2 24 –2.7 –7.5 –24.2 –9.3 –3.2 –1.7 –13.0 25 –0.9 –2.1 –1.8 –2.0 –1.2 –6.4 0.1 26 –1.9 –3.6 –3.2 –3.5 –2.2 –10.6 0.1 27 0.9 0.3 0.4 0.2 0.2 0.2 0.1 28 –5.5 –15.8 –49.1 –20.5 –6.6 7.2 –32.6 29 –2.3 –7.7 –8.9 –33.5 14.0 –4.3 –5.0 30 –7.1 –18.4 14.9 –22.7 –43.6 –4.6 –33.0 31 –6.0 –17.2 –61.1 –16.4 –3.4 12.3 –38.3 32 –5.2 –2.4 –4.2 0.1 –0.5 –1.8 –6.4 33 –1.9 –5.0 –4.5 –5.5 –17.0 7.6 –1.9 34 3.5 –1.6 2.2 –2.4 –3.4 –4.2 –11.9 35 2.0 –1.7 1.5 –1.0 –4.1 –4.0 –12.2 36 1.2 –1.1 1.2 0.1 –2.2 –1.4 –12.4 37 0.5 –3.2 0.5 –1.2 –4.7 –3.6 –20.4 38 2.6 2.4 2.4 2.3 2.2 2.5 2.6 39 3.5 –2.8 2.3 –3.2 –8.0 –9.3 –11.7 40 4.3 –1.7 3.5 –4.6 –4.7 –6.6 –10.0 41 ................... ................... .................. ................... ................... ................... .................. 42 ................... ................... .................. ................... ................... ................... .................. 43 3.3 –1.1 4.7 10.3 –15.6 –9.5 –11.4 44 3.5 –3.5 1.1 –6.8 –5.5 –9.6 –11.9 45 –5.3 –3.1 –5.0 –1.7 –1.1 –1.0 –14.0 46 –42.3 –3.8 –26.9 180.4 –43.7 5.8 –24.8 47 0.0 0.3 –0.1 0.1 0.4 0.4 0.3 48 0.3 0.6 –0.1 0.5 0.8 0.8 0.8 49 0.0 0.3 –0.3 0.1 0.5 0.6 0.4 50 –0.2 0.2 –0.6 –0.1 0.4 0.5 0.3 51 1.3 1.1 1.2 1.1 1.1 1.1 1.2 52 0.9 1.2 0.3 1.3 1.5 1.1 1.7 53 0.2 0.2 –2.2 0.3 0.8 1.4 1.0 54 1.1 1.3 0.4 1.4 1.5 1.6 1.6 55 0.9 1.2 0.4 1.4 1.6 0.8 1.8 56 –0.7 0.1 –3.8 –1.6 2.6 5.8 3.0 57 1.4 1.5 0.1 2.0 2.2 1.7 2.5 58 2.0 1.5 –0.1 1.6 2.0 2.0 2.4 59 1.7 1.5 1.0 1.6 2.0 2.0 2.4 60 0.6 1.4 –0.9 2.8 2.5 1.0 2.6 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, software, and research and development). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a par tial 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, software, and research and development in table 3.9.5. 5. Includes federal purchases of research and development produced by state and local general government. February 2014 SURVEY OF CURRENT BUSINESS D–33 Table 3.10.3. Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2012 2013 2012 IV Government 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 investment 4 ................................................................................... Less: Sales to other sectors 5 ........................................................................................ 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 investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... 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 investment 4 ....................................................................................... Less: 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 capital 2 .................................................. Intermediate goods and services purchased 3 .............................................................. Durable goods............................................................................................................ Nondurable goods...................................................................................................... Commodity Credit Corporation inventory change .................................................. Other nondurable goods ........................................................................................ Services ..................................................................................................................... Less: Own-account investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... State and local 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 investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... Tuition and related educational charges ........................................................................ Health and hospital charges .......................................................................................... Other sales 5 .................................................................................................................. 2013 I II III IV 1 97.228 95.299 96.549 95.882 95.629 95.439 94.246 2 98.289 96.829 97.689 97.230 97.068 96.983 96.034 3 100.233 99.862 100.209 100.124 100.071 99.797 99.454 4 98.748 97.986 98.599 98.422 98.287 97.870 97.367 5 106.103 107.269 106.577 106.852 107.121 107.409 107.695 6 94.600 91.135 92.939 91.794 91.429 91.692 89.626 7 94.979 90.428 95.305 89.568 91.343 90.771 90.028 8 93.496 92.636 93.888 93.744 92.479 92.497 91.826 9 94.932 90.340 92.072 90.951 90.777 91.246 88.385 10 93.382 92.181 92.247 91.985 92.192 92.680 91.867 11 106.044 107.480 106.039 106.856 107.190 107.660 108.216 12 101.453 95.878 99.414 97.617 96.806 96.155 92.933 13 101.095 95.647 99.009 97.410 96.538 95.917 92.724 102.582 104.126 103.807 103.390 102.210 100.923 14 104.379 15 102.776 99.240 102.086 101.419 100.605 98.564 96.372 16 107.077 108.218 107.557 107.824 108.074 108.353 108.622 17 95.873 84.687 90.913 87.306 85.719 85.979 79.745 18 95.856 88.896 96.463 87.777 90.360 89.339 88.107 19 94.212 84.749 94.876 92.798 84.730 83.252 78.215 20 96.162 83.877 89.040 85.968 85.060 85.905 78.574 21 94.988 92.441 93.496 93.337 93.156 92.808 90.464 22 89.074 85.304 80.228 92.363 83.242 84.573 81.036 23 99.523 91.927 95.892 93.502 92.746 92.341 89.120 24 99.420 92.003 95.867 93.556 92.799 92.405 89.251 25 103.769 101.615 103.219 102.690 102.370 100.690 100.711 26 102.245 98.555 101.227 100.332 99.785 97.040 97.063 27 106.218 106.543 106.419 106.479 106.528 106.576 106.590 28 93.355 78.643 85.645 80.869 79.504 80.900 73.300 29 94.846 87.505 95.349 86.111 88.983 88.022 86.904 30 92.299 75.341 91.857 86.143 74.663 73.789 66.769 31 93.073 77.061 82.313 78.709 78.034 80.324 71.178 32 96.694 94.406 95.078 95.103 94.982 94.545 92.995 33 96.910 92.047 95.896 94.556 90.243 91.915 91.475 34 105.146 103.455 106.164 105.513 104.594 103.468 100.245 35 104.213 102.449 104.871 104.604 103.518 102.471 99.204 36 105.366 104.155 105.595 105.617 105.041 104.679 101.284 37 103.601 100.319 103.420 103.108 101.879 100.942 95.348 38 108.566 111.136 109.535 110.161 110.766 111.450 112.165 39 101.816 98.952 103.342 102.495 100.387 97.966 94.959 40 109.109 107.215 111.091 109.794 108.494 106.668 103.903 41 ................... ................... .................. ................... ................... ................... .................. 42 ................... ................... .................. ................... ................... ................... .................. 43 96.349 95.251 97.835 100.263 96.087 93.726 90.927 44 103.399 99.808 104.767 102.934 101.483 98.951 95.863 45 92.829 89.955 91.497 91.102 90.845 90.609 87.262 46 84.563 81.384 70.612 91.378 79.149 80.269 74.738 47 94.616 94.937 94.772 94.800 94.894 94.989 95.063 48 96.853 97.416 97.004 97.123 97.321 97.509 97.710 49 98.309 98.603 98.392 98.415 98.532 98.681 98.782 50 97.418 97.584 97.448 97.433 97.525 97.652 97.724 51 104.717 105.919 105.183 105.470 105.764 106.066 106.374 52 93.770 94.868 94.056 94.367 94.725 94.991 95.390 53 93.256 93.441 93.028 93.093 93.268 93.587 93.817 54 93.320 94.513 93.649 93.967 94.324 94.697 95.062 55 94.059 95.153 94.349 94.672 95.042 95.233 95.666 56 91.830 91.934 91.038 90.676 91.259 92.558 93.242 57 106.491 108.060 106.712 107.238 107.814 108.263 108.924 58 107.559 109.140 107.866 108.298 108.839 109.383 110.039 59 107.289 108.907 107.636 108.067 108.607 109.150 109.804 60 104.682 106.176 104.670 105.396 106.045 106.296 106.969 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, software, and research and development). 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, software, and research and development in table 3.9.5. 5. Includes federal purchases of research and development produced by state and local general government. D–34 National Data February 2014 Table 3.10.4. Price Indexes for Government Consumption Expenditures and General Government Gross Output [Index numbers, 2009=100] Seasonally adjusted Line 2012 2013 2012 IV Government 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 investment 4 ................................................................................... Less: Sales to other sectors 5 ........................................................................................ 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 investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... 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 investment 4 ....................................................................................... Less: 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 capital 2 .................................................. Intermediate goods and services purchased 3 .............................................................. Durable goods............................................................................................................ Nondurable goods...................................................................................................... Commodity Credit Corporation inventory change .................................................. Other nondurable goods ........................................................................................ Services ..................................................................................................................... Less: Own-account investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... State and local 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 investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... Tuition and related educational charges ........................................................................ Health and hospital charges .......................................................................................... Other sales 5 .................................................................................................................. 2013 I II III IV 1 107.314 108.221 107.649 107.849 107.799 108.259 108.978 2 107.504 108.640 107.936 108.245 108.232 108.692 109.391 3 105.841 106.864 106.130 106.321 106.495 106.805 107.833 4 106.086 107.114 106.377 106.567 106.710 107.032 108.147 5 104.855 105.859 105.137 105.333 105.617 105.883 106.603 6 110.828 112.190 111.555 112.110 111.699 112.477 112.474 7 101.578 102.079 101.720 101.828 102.118 102.124 102.247 8 125.071 125.440 126.197 126.629 123.827 125.973 125.331 9 106.278 108.168 106.916 107.576 108.079 108.383 108.632 10 106.070 107.149 106.376 106.746 106.843 107.058 107.950 11 108.861 111.353 109.894 110.828 111.008 111.509 112.068 12 106.799 108.519 107.070 107.771 107.980 108.309 110.016 13 106.802 108.512 107.069 107.765 107.976 108.303 110.004 107.745 105.958 106.687 107.059 107.372 109.860 14 105.770 15 106.521 109.146 106.766 107.655 108.114 108.556 112.257 16 104.524 105.513 104.626 105.104 105.340 105.460 106.149 17 108.534 109.705 108.937 109.570 109.468 109.821 109.961 18 101.604 102.413 101.628 101.999 102.504 102.513 102.639 19 124.488 124.682 125.581 126.503 123.034 124.577 124.615 20 106.902 108.346 107.254 107.880 108.313 108.515 108.676 21 106.162 107.677 106.312 106.851 107.181 107.435 109.242 22 108.803 110.239 109.195 109.961 109.874 110.275 110.847 23 106.824 108.608 107.221 108.061 108.243 108.568 109.557 24 106.808 108.578 107.199 108.031 108.218 108.539 109.524 25 105.698 107.771 106.037 106.992 107.372 107.647 109.073 26 106.245 108.915 106.653 107.933 108.351 108.737 110.641 27 104.826 106.012 105.061 105.528 105.854 105.965 106.702 28 108.438 109.645 108.913 109.527 109.361 109.766 109.927 29 101.689 102.637 101.765 102.167 102.726 102.766 102.892 30 138.415 138.010 140.332 141.641 135.032 137.653 137.712 31 106.374 107.874 106.775 107.350 107.829 108.067 108.250 32 106.432 107.811 106.634 107.233 107.542 107.735 108.735 33 106.042 107.639 106.447 107.176 107.395 107.848 108.137 34 106.755 108.349 106.795 107.257 107.511 107.848 110.778 35 106.796 108.388 106.840 107.306 107.556 107.893 110.796 36 105.889 107.706 105.837 106.207 106.565 106.940 111.111 37 106.950 109.512 106.944 107.238 107.761 108.286 114.762 38 104.013 104.668 103.887 104.383 104.471 104.604 105.214 39 108.751 109.834 108.999 109.668 109.687 109.942 110.040 40 100.612 99.904 100.049 100.085 100.020 99.695 99.817 41 ................... ................... ................... .................. ................... ................... ................... 42 ................... ................... ................... .................. ................... ................... ................... 43 111.990 112.562 112.343 112.932 111.916 112.689 112.710 44 108.110 109.435 108.353 109.076 109.425 109.559 109.681 45 105.805 107.503 105.887 106.346 106.704 107.039 109.922 46 110.025 111.412 110.478 111.265 110.959 111.319 112.107 47 107.652 108.045 108.029 107.907 107.693 108.235 108.345 48 107.879 108.728 108.400 108.509 108.382 108.909 109.114 49 105.881 106.442 106.218 106.147 106.224 106.532 106.865 50 105.941 106.431 106.247 106.197 106.233 106.515 106.781 51 105.346 106.372 105.887 105.678 106.031 106.508 107.272 52 112.326 113.820 113.259 113.771 113.186 114.201 114.122 53 101.525 101.451 101.909 101.507 101.392 101.393 101.510 54 125.218 125.621 126.352 126.666 124.017 126.292 125.511 55 105.772 107.985 106.628 107.312 107.861 108.232 108.536 56 105.986 106.644 106.446 106.650 106.516 106.693 106.717 57 108.852 111.368 109.900 110.838 111.024 111.526 112.085 58 115.847 120.740 117.481 119.287 120.579 121.131 121.962 59 107.171 109.234 108.075 109.065 108.731 109.239 109.901 60 106.615 108.190 107.474 107.767 107.945 108.406 108.641 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, software, and research and development). 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, software, and research and development in table 3.9.5. 5. Includes federal purchases of research and development produced by state and local general government. February 2014 SURVEY OF CURRENT BUSINESS D–35 Table 3.10.5. Government Consumption Expenditures and General Government Gross Output [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Government 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 investment 4 ................................................................................... Less: Sales to other sectors 5 ........................................................................................ 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 investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... 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 investment 4 ....................................................................................... Less: 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 capital 2 .................................................. Intermediate goods and services purchased 3 .............................................................. Durable goods............................................................................................................ Nondurable goods...................................................................................................... Commodity Credit Corporation inventory change .................................................. Other nondurable goods ........................................................................................ Services ..................................................................................................................... Less: Own-account investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... State and local 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 investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... Tuition and related educational charges ........................................................................ Health and hospital charges .......................................................................................... Other sales 5 .................................................................................................................. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 2,548.0 3,055.8 2,023.7 1,589.6 434.2 1,032.0 71.8 307.4 652.8 70.3 437.4 1,011.7 1,056.0 666.4 411.1 255.3 389.6 48.0 59.7 281.9 35.1 9.2 652.0 675.9 409.6 248.6 161.1 266.3 44.2 31.2 190.9 20.0 3.9 359.7 380.1 256.8 162.5 94.3 123.3 3.8 28.4 0.1 28.4 91.0 15.1 5.3 1,536.4 1,999.7 1,357.3 1,178.5 178.8 642.4 23.7 247.8 370.9 35.2 428.2 98.7 192.0 137.6 2,518.5 3,042.2 2,035.7 1,592.5 443.2 1,006.5 68.7 305.5 632.3 70.1 453.5 971.3 1,015.0 667.1 406.6 260.5 347.9 44.9 53.8 249.2 34.7 9.0 612.3 635.8 409.0 245.6 163.4 226.9 41.1 25.4 160.3 19.8 3.8 359.1 379.1 258.1 161.0 97.1 121.0 3.7 28.3 0.1 28.2 88.9 14.9 5.2 1,547.2 2,027.2 1,368.6 1,185.9 182.7 658.6 23.8 251.8 383.0 35.5 444.5 104.3 198.6 141.6 2,538.1 3,049.4 2,028.8 1,591.5 437.3 1,020.6 72.1 311.5 637.0 69.7 441.6 993.9 1,036.8 666.0 409.3 256.7 370.9 48.3 60.6 261.9 34.6 8.4 630.6 654.2 408.7 247.0 161.7 245.5 44.4 31.5 169.5 19.7 3.9 363.3 382.6 257.2 162.2 95.0 125.4 3.9 29.1 0.2 28.9 92.4 14.9 4.5 1,544.3 2,012.5 1,362.8 1,182.2 180.6 649.7 23.8 250.9 375.0 35.0 433.2 100.3 194.2 138.7 2013 I 2,525.3 3,043.7 2,030.7 1,591.5 439.2 1,013.0 67.8 312.1 633.1 69.7 448.7 982.3 1,026.7 668.5 410.0 258.5 358.2 44.1 59.7 254.4 34.7 9.7 619.7 643.4 410.3 247.8 162.5 233.1 40.3 29.8 163.0 19.8 3.8 362.6 383.3 258.2 162.2 96.0 125.1 3.8 29.9 0.1 29.8 91.4 14.9 5.8 1,543.0 2,017.0 1,362.2 1,181.5 180.7 654.8 23.7 252.4 378.7 35.0 439.1 102.3 196.8 140.0 II 2,517.5 3,038.3 2,033.0 1,591.4 441.5 1,005.3 69.4 301.1 634.8 69.9 450.9 976.0 1,019.5 668.1 408.4 259.7 351.4 45.7 53.0 252.7 34.8 8.7 615.7 639.3 410.5 247.4 163.1 228.8 41.9 24.6 162.3 19.9 3.7 360.3 380.2 257.7 161.0 96.6 122.6 3.8 28.4 0.1 28.3 90.4 14.9 5.0 1,541.4 2,018.7 1,364.8 1,183.0 181.8 653.9 23.7 248.1 382.1 35.1 442.2 103.9 197.2 141.1 III IV 2,523.2 3,048.5 2,033.3 1,589.5 443.8 1,015.2 69.0 306.3 639.9 70.4 454.9 972.4 1,016.0 662.5 401.8 260.7 353.6 45.2 52.7 255.7 34.7 8.9 614.9 638.5 404.8 241.4 163.4 233.7 41.4 24.8 167.4 19.8 3.8 357.5 377.6 257.7 160.3 97.3 119.9 3.7 27.9 0.2 27.8 88.3 14.9 5.1 1,550.8 2,032.5 1,370.8 1,187.7 183.1 661.6 23.8 253.6 384.2 35.7 446.0 104.9 199.1 142.0 2,508.2 3,038.1 2,045.8 1,597.8 448.0 992.3 68.5 302.6 621.3 70.4 459.5 954.6 997.6 669.3 406.2 263.0 328.4 44.6 49.6 234.2 34.4 8.6 598.8 622.3 410.2 245.7 164.5 212.0 41.0 22.5 148.6 19.7 3.8 355.8 375.4 259.0 160.5 98.5 116.3 3.6 27.1 0.2 26.9 85.6 14.7 4.8 1,553.5 2,040.5 1,376.5 1,191.6 185.0 664.0 23.9 253.0 387.1 36.0 451.0 106.3 201.5 143.2 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, software, and research and development). 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, software, and research and development in table 3.9.5. 5. Includes federal purchases of research and development produced by state and local general government. D–36 National Data February 2014 Table 3.10.6. Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Government 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 investment 4 ................................................................................... Less: Sales to other sectors 5 ........................................................................................ 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 investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... 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 investment 4 ....................................................................................... Less: 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 capital 2 .................................................. Intermediate goods and services purchased 3 .............................................................. Durable goods............................................................................................................ Nondurable goods...................................................................................................... Commodity Credit Corporation inventory change .................................................. Other nondurable goods ........................................................................................ Services ..................................................................................................................... Less: Own-account investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... State and local 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 investment 4 ....................................................................................... Less: Sales to other sectors............................................................................................... Tuition and related educational charges ........................................................................ Health and hospital charges .......................................................................................... Other sales 5 .................................................................................................................. Residual ......................................................................................................................................... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 2,374.4 2,842.5 1,912.1 1,498.4 414.1 931.2 70.7 245.8 614.3 66.3 401.8 947.3 988.8 630.1 385.9 244.3 359.0 47.3 47.9 263.7 33.1 8.5 610.4 632.9 387.5 233.9 153.6 245.6 43.4 22.6 179.5 18.8 3.7 336.9 355.9 242.5 152.0 90.6 113.4 3.8 25.4 0.0 25.3 84.2 14.3 4.8 1,427.1 1,853.7 1,281.9 1,112.4 169.8 571.9 23.4 197.9 350.6 33.2 393.4 85.2 179.1 129.0 –0.5 2,327.3 2,800.3 1,905.0 1,486.8 418.6 897.1 67.3 243.5 584.5 65.4 407.3 895.2 935.5 619.2 372.6 246.9 317.1 43.8 43.1 230.0 32.2 8.1 563.8 585.6 379.5 225.5 154.1 206.9 40.1 18.4 148.6 18.4 3.5 331.5 349.9 239.7 147.2 92.8 110.2 3.8 25.1 0.1 25.0 81.3 13.8 4.7 1,432.0 1,864.4 1,285.8 1,114.3 171.7 578.6 23.4 200.4 354.7 33.2 399.2 86.4 181.8 130.9 –1.4 2,357.8 2,825.1 1,911.6 1,496.1 415.9 914.8 70.9 246.8 595.7 65.5 401.8 928.2 968.4 628.5 383.3 245.4 340.4 47.6 48.3 244.2 32.6 7.6 588.1 610.2 385.5 231.6 153.9 225.3 43.7 22.5 158.7 18.5 3.6 340.2 358.2 243.1 151.7 91.5 115.1 3.9 25.8 0.1 25.7 85.3 14.1 4.0 1,429.5 1,856.6 1,283.0 1,112.7 170.5 573.7 23.3 198.6 351.7 32.9 394.2 85.4 179.7 129.0 –0.4 2013 I 2,341.5 2,811.9 1,910.0 1,493.4 417.0 903.6 66.6 246.5 588.5 65.3 404.9 911.5 952.7 626.6 380.8 246.0 326.9 43.3 47.2 235.8 32.5 8.8 573.4 595.5 383.5 229.6 154.0 212.8 39.4 21.1 151.8 18.5 3.6 338.1 357.2 243.1 151.2 92.0 114.1 3.8 26.4 0.1 26.4 83.8 14.0 5.2 1,429.9 1,858.8 1,283.3 1,112.6 171.0 575.6 23.4 199.3 352.9 32.8 396.1 85.7 180.4 129.9 –0.8 II 2,335.3 2,807.2 1,909.0 1,491.4 418.0 900.0 67.9 243.1 587.4 65.4 406.2 903.9 944.2 624.1 377.8 246.6 321.0 44.6 43.1 233.3 32.4 7.9 568.8 590.7 382.3 228.3 154.1 209.2 40.8 18.3 150.5 18.5 3.4 335.1 353.5 241.8 149.4 92.5 111.8 3.8 25.3 0.1 25.3 82.6 14.0 4.5 1,431.3 1,862.6 1,284.9 1,113.6 171.5 577.7 23.4 200.0 354.3 33.0 398.2 86.2 181.3 130.7 –1.6 III IV 2,330.7 2,804.7 1,903.8 1,485.0 419.2 902.6 67.5 243.2 590.4 65.8 407.9 897.8 938.1 617.0 370.1 247.2 321.9 44.0 42.3 235.6 32.3 8.1 566.3 588.2 376.0 222.0 154.2 212.8 40.3 18.0 154.9 18.4 3.5 331.5 350.0 240.9 148.1 93.1 109.1 3.7 24.7 0.1 24.6 80.6 13.9 4.6 1,432.8 1,866.2 1,286.8 1,115.1 171.9 579.4 23.5 200.8 355.0 33.5 399.9 86.6 182.2 131.0 –1.5 2,301.5 2,777.3 1,897.2 1,477.4 420.3 882.2 67.0 241.4 571.9 65.2 410.0 867.7 906.9 609.2 361.9 247.8 298.6 43.4 39.8 215.5 31.5 7.7 546.6 568.1 376.1 222.1 154.2 192.8 39.8 16.3 137.3 18.1 3.5 321.2 338.8 233.1 139.9 93.6 105.7 3.6 24.0 0.1 23.9 78.1 13.4 4.3 1,433.9 1,870.1 1,288.1 1,115.9 172.4 581.8 23.5 201.6 356.6 33.7 402.3 87.1 183.3 131.8 –2.2 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, software, and research and development). 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, software, and research and development in table 3.9.5. 5. Includes federal purchases of research and development produced by state and local general government. NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. February 2014 SURVEY OF CURRENT BUSINESS D–37 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 2012 2013 2012 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 capital 2 .......................................................... 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 ............................................................................................................................. Installation support......................................................................................................... Weapons support........................................................................................................... Personnel support.......................................................................................................... Transportation of material .............................................................................................. Travel of persons ............................................................................................................ Less: Own-account investment 4 ............................................................................................... Less: Sales to other sectors....................................................................................................... Gross investment 5 ...................................................................................................................... Structures................................................................................................................................... Equipment .................................................................................................................................. Aircraft.................................................................................................................................... Missiles .................................................................................................................................. Ships ...................................................................................................................................... Vehicles .................................................................................................................................. Electronics ............................................................................................................................. Other equipment .................................................................................................................... Intellectual proper ty products..................................................................................................... Software ................................................................................................................................. Research and development ................................................................................................... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 –3.2 –2.7 –2.7 –0.9 –1.9 –2.6 –0.7 0.9 –5.5 –2.3 7.5 –8.6 5.6 –17.3 –13.0 –4.0 –7.1 –8.5 –0.6 –7.4 –6.0 –4.5 –6.4 –2.0 –34.0 –11.0 –5.2 –1.9 –5.3 –38.6 –1.2 6.6 31.3 1.1 –22.4 –11.4 –4.1 –4.0 0.8 –4.5 –7.0 –7.6 –7.5 –2.1 –3.6 –2.5 –5.7 0.3 –15.8 –7.7 –6.3 –3.6 200.9 –34.2 –19.4 –10.6 –18.4 –24.2 –17.2 –8.2 –17.2 –12.7 –26.9 –13.4 –35.6 –24.3 –2.4 –5.0 –4.5 –25.4 –4.9 12.0 –4.4 3.9 –33.1 –16.3 –10.8 –1.6 0.8 –1.9 –21.6 –24.9 –24.2 –1.8 –3.2 –3.5 –2.5 0.4 –49.1 –8.9 19.1 –28.7 –41.0 –40.9 –19.0 –27.3 14.9 62.8 –37.0 –19.7 –61.1 –62.0 –87.4 –47.7 –34.7 –23.2 –4.2 –4.5 –7.5 111.4 –19.2 –50.1 20.1 58.8 –20.7 –15.8 –21.1 –0.5 6.0 –1.2 2013 I –11.2 –9.6 –9.3 –2.0 –3.5 –3.7 –3.1 0.2 –20.5 –33.5 –51.4 –40.6 6,439.8 –71.5 –51.8 5.9 –22.7 –10.9 –70.8 –12.6 –16.4 0.6 1.8 –23.2 –41.1 –37.7 0.1 –5.5 –17.3 –65.7 –23.0 68.4 –62.8 –58.8 –81.6 –45.6 –9.7 –1.2 2.5 –1.7 II –0.6 –3.2 –3.2 –1.2 –2.2 –0.5 –5.1 0.2 –6.6 14.0 13.1 178.7 56.5 –2.2 38.4 –27.8 –43.6 –67.5 15.1 14.2 –3.4 –2.6 –1.8 1.4 –34.8 –30.1 –0.5 –17.0 10.2 0.6 21.0 –0.2 116.4 121.6 87.5 30.9 –9.3 –0.3 –8.4 0.8 III –0.5 –1.7 –1.7 –6.4 –10.6 –1.0 –26.1 0.2 7.2 –4.3 19.6 –36.8 –25.0 –1.5 –37.3 1.8 –4.6 –27.3 134.1 –4.7 12.3 3.1 –1.7 26.8 –27.8 –8.5 –1.8 7.6 4.6 –3.3 10.1 63.4 106.9 2.7 –31.7 –31.8 –14.9 –0.9 5.1 –1.6 IV –14.0 –13.2 –13.0 0.1 0.1 –2.8 5.8 0.1 –32.6 –5.0 6.6 –6.8 23.6 –43.0 –13.3 –17.6 –33.0 –42.8 –33.2 –17.0 –38.3 –14.1 –33.1 –49.8 –30.0 –17.6 –6.4 –1.9 –16.9 –53.4 –22.5 –38.6 –62.0 35.9 –29.1 –10.6 –16.0 –5.1 0.2 –5.8 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, software, and research and development). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a par tial 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, software, and research and development. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. National Data D–38 February 2014 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 Expenditures and Gross Investment by Type [Index numbers, 2009=100] [Index numbers, 2009=100] Seasonally adjusted Seasonally adjusted Line 2012 2013 2012 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 capital 2 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 ............................... Installation support ........... Weapons support ............. Personnel suppor t ............ Transportation of material Travel of persons .............. Less: Own-account investment 4 Less: Sales to other sectors ......... Gross investment 5......................... Structures ..................................... Equipment .................................... Aircraft ...................................... Missiles..................................... Ships ........................................ Vehicles .................................... Electronics ................................ Other equipment....................... Intellectual proper ty products ....... Software ................................... Research and development...... 1 2 97.562 90.727 99.523 91.927 94.506 95.892 Line 2013 I 91.731 93.502 II III 91.592 91.488 88.098 92.746 92.341 89.120 5 102.245 98.555 101.227 100.332 99.785 97.040 97.063 6 98.546 96.106 97.411 96.488 96.362 96.125 95.450 7 109.480 103.284 108.697 107.858 106.466 98.709 100.102 8 106.218 106.543 106.419 106.479 106.528 106.576 106.590 93.355 94.846 130.731 73.044 93.860 68.136 68.675 91.460 92.299 96.806 95.044 86.106 93.073 90.592 98.457 98.092 62.202 82.771 96.694 96.910 90.571 46.903 97.474 154.237 124.875 98.718 59.079 71.463 90.200 92.663 112.539 90.647 78.643 87.505 122.547 70.399 282.379 44.838 55.361 81.796 75.341 73.332 78.667 79.050 77.061 79.062 71.963 84.996 40.075 62.617 94.406 92.047 86.476 34.986 92.733 172.819 119.438 102.541 39.508 59.841 80.494 91.188 113.454 88.940 85.645 95.349 139.632 70.106 93.302 63.816 66.762 86.447 91.857 98.707 95.679 81.159 82.313 79.771 73.810 91.613 52.511 77.036 95.078 95.896 89.580 47.925 95.848 146.926 127.164 107.229 57.303 69.912 86.667 91.918 113.888 89.698 80.869 86.111 116.563 61.539 265.327 46.636 55.622 87.704 86.143 95.901 70.317 78.466 78.709 79.894 74.133 85.763 46.003 68.428 95.103 94.556 85.413 36.679 89.786 167.382 99.341 85.906 37.535 60.028 84.492 91.638 114.605 89.321 79.504 88.983 120.201 79.514 296.761 46.377 60.326 80.857 74.663 72.411 72.826 81.111 78.034 79.376 73.791 86.052 41.339 62.565 94.982 90.243 87.509 36.734 94.172 167.290 120.483 104.810 43.924 64.214 82.454 91.578 112.122 89.497 80.900 88.022 125.707 70.888 276.190 46.200 53.690 81.227 73.789 66.864 90.082 80.133 80.324 79.986 73.475 91.310 38.105 61.186 94.545 91.915 88.497 36.427 96.471 189.144 144.496 105.523 39.934 58.364 79.203 91.366 113.519 89.128 2013 73.300 86.904 127.717 69.657 291.237 40.140 51.806 77.393 66.769 58.152 81.443 76.491 71.178 76.993 66.452 76.858 34.854 58.289 92.995 91.475 84.486 30.103 90.502 167.460 113.432 113.926 36.638 56.757 75.829 90.170 113.572 87.813 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, software, and research and development). 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, software, and research and development. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 2012 IV IV 3 99.420 92.003 95.867 93.556 92.799 92.405 89.251 4 103.769 101.615 103.219 102.690 102.370 100.690 100.711 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 2012 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 capital 2 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 ................................ Installation support ........... Weapons support ............. Personnel support ............ Transportation of material Travel of persons............... Less: Own-account investment 4 Less: Sales to other sectors ......... Gross investment 5 ......................... Structures ..................................... Equipment..................................... Aircraft ...................................... Missiles ..................................... Ships......................................... Vehicles .................................... Electronics ................................ Other equipment ....................... Intellectual property products ....... Software.................................... Research and development ...... 2013 I II III IV 1 106.252 107.812 106.542 107.283 107.512 107.784 108.668 2 106.824 108.608 107.221 108.061 108.243 108.568 109.557 3 106.808 108.578 107.199 108.031 108.218 108.539 109.524 4 105.698 107.771 106.037 106.992 107.372 107.647 109.073 5 106.245 108.915 106.653 107.933 108.351 108.737 110.641 6 106.028 108.999 106.645 108.486 108.833 109.156 109.520 7 106.715 108.905 106.746 107.036 107.579 108.082 112.926 8 104.826 106.012 105.061 105.528 105.854 105.965 106.702 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 108.438 101.689 101.139 102.715 101.807 103.655 100.043 103.097 138.415 176.288 107.229 108.041 106.374 108.351 106.104 104.474 111.906 109.353 106.432 106.042 104.185 105.110 102.762 100.935 109.325 108.599 104.940 96.104 103.087 105.926 99.504 106.678 109.645 102.637 102.025 103.246 101.892 104.340 101.183 104.310 138.010 173.535 110.323 109.167 107.874 110.005 107.512 105.871 112.700 111.688 107.811 107.639 104.901 107.969 102.700 98.499 108.146 108.862 106.626 96.739 104.291 107.382 99.731 108.295 108.913 101.765 101.138 102.908 101.807 104.273 99.990 103.270 140.332 179.663 107.443 109.115 106.775 108.579 106.462 105.008 111.730 109.448 106.634 106.447 104.068 106.114 102.328 98.972 108.442 108.164 107.262 95.805 103.271 106.083 99.158 106.900 109.527 102.167 101.426 102.437 101.538 104.327 100.832 104.010 141.641 181.764 109.851 108.965 107.350 109.457 106.925 105.358 112.719 111.167 107.233 107.176 104.433 106.694 102.391 98.293 106.933 108.561 106.659 96.475 103.988 106.790 99.610 107.640 109.361 102.726 102.074 103.964 101.827 104.171 101.196 104.386 135.032 166.815 110.141 108.978 107.829 109.908 107.286 105.645 113.954 114.045 107.542 107.395 104.839 107.550 102.940 99.092 109.539 108.503 106.186 96.822 104.355 106.981 99.885 107.820 109.766 102.766 102.220 103.519 101.970 103.831 101.290 104.399 137.653 172.691 110.825 109.292 108.067 110.386 107.698 106.115 112.283 110.504 107.735 107.848 104.917 108.265 102.704 98.419 108.608 108.858 105.694 96.791 104.392 107.389 99.790 108.294 109.927 102.892 102.382 103.063 102.233 105.030 101.415 104.444 137.712 172.869 110.476 109.434 108.250 110.269 108.137 106.367 111.844 111.038 108.735 108.137 105.414 109.367 102.768 98.193 107.505 109.526 107.964 96.868 104.430 108.369 99.640 109.425 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, software, and research and development). 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, software, and research and devel opment. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. SURVEY OF CURRENT BUSINESS February 2014 D–39 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 (2009) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates Line 2012 2013 2012 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 capital 2 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 ............................... Installation support ........... Weapons suppor t ............. Personnel suppor t ............ Transportation of material Travel of persons .............. Less: Own-account investment 4 Less: Sales to other sectors ......... Gross investment 5......................... Structures ..................................... Equipment .................................... Aircraft ...................................... Missiles..................................... Ships ........................................ Vehicles .................................... Electronics ................................ Other equipment....................... Intellectual property products ....... Software ................................... Research and development...... Line 2013 I II III 2012 2013 IV IV 1 2 817.1 652.0 771.0 612.3 793.7 630.6 775.8 619.7 776.3 615.7 777.3 614.9 754.7 598.8 3 4 675.9 409.6 635.8 409.0 654.2 408.7 643.4 410.3 639.3 410.5 638.5 404.8 622.3 410.2 5 6 7 248.6 158.8 89.7 245.6 159.2 86.3 247.0 157.9 89.1 247.8 159.1 88.7 247.4 159.4 88.0 241.4 159.5 81.9 245.7 158.9 86.8 8 161.1 163.4 161.7 162.5 163.1 163.4 164.5 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 266.3 44.2 19.4 3.4 0.7 2.5 7.8 10.5 31.2 17.8 4.3 9.1 190.9 43.3 34.1 95.9 9.1 8.5 20.0 3.9 165.1 8.4 86.2 21.0 6.9 11.9 5.7 9.1 31.5 70.5 7.7 62.9 226.9 41.1 18.4 3.3 2.1 1.6 6.3 9.5 25.4 13.3 3.6 8.5 160.3 38.3 25.2 84.2 5.9 6.6 19.8 3.8 158.7 6.5 81.9 22.9 6.5 12.4 3.9 7.7 28.5 70.3 7.7 62.6 245.5 44.4 20.7 3.3 0.7 2.3 7.5 9.9 31.5 18.5 4.3 8.7 169.5 38.2 25.6 90.0 7.7 7.9 19.7 3.9 163.1 8.7 84.4 19.6 7.0 12.9 5.7 8.9 30.3 70.0 7.7 62.3 233.1 40.3 17.4 2.9 1.9 1.7 6.3 10.1 29.8 18.2 3.2 8.4 163.0 38.5 25.9 84.6 6.8 7.2 19.8 3.8 156.1 6.7 79.1 22.2 5.4 10.4 3.7 7.7 29.8 70.3 7.8 62.5 228.8 41.9 18.0 3.7 2.2 1.7 6.9 9.4 24.6 12.6 3.4 8.7 162.3 38.5 25.8 85.1 6.2 6.7 19.9 3.7 160.5 6.8 83.4 22.3 6.7 12.7 4.3 8.2 29.2 70.4 7.7 62.7 233.7 41.4 18.9 3.3 2.0 1.7 6.1 9.4 24.8 12.1 4.2 8.6 167.4 38.9 25.8 90.7 5.6 6.4 19.8 3.8 162.5 6.8 85.2 25.1 7.9 12.8 3.9 7.5 28.0 70.5 7.7 62.7 212.0 41.0 19.2 3.2 2.1 1.5 5.9 9.0 22.5 10.5 3.8 8.2 148.6 37.4 23.4 76.5 5.1 6.1 19.7 3.8 155.8 5.6 80.0 22.2 6.2 13.9 3.6 7.3 26.8 70.2 7.7 62.5 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, software, and research and development). 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, software, and research and development. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 2012 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 capital 2 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 ................................ Installation suppor t ........... Weapons support ............. Personnel suppor t ............ Transpor tation of material Travel of persons............... Less: Own-account investment 4 Less: Sales to other sectors ......... Gross investment 5 ......................... Structures ..................................... Equipment..................................... Aircraft ...................................... Missiles ..................................... Ships ......................................... Vehicles .................................... Electronics ................................ Other equipment ....................... Intellectual property products ....... Software.................................... Research and development ...... Residual ............................................ 2013 I II III IV 1 2 769.1 610.4 715.2 563.8 745.0 588.1 723.1 573.4 722.0 568.8 721.2 566.3 694.5 546.6 3 4 632.9 387.5 585.6 379.5 610.2 385.5 595.5 383.5 590.7 382.3 588.2 376.0 568.1 376.1 5 6 7 233.9 149.8 84.1 225.5 146.1 79.3 231.6 148.1 83.5 229.6 146.7 82.8 228.3 146.5 81.8 222.0 146.1 75.8 222.1 145.1 76.9 8 153.6 154.1 153.9 154.0 154.1 154.2 154.2 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 245.6 43.4 19.2 3.3 0.7 2.4 7.7 10.1 22.6 10.1 4.0 8.4 179.5 39.9 32.1 91.8 8.2 7.8 18.8 3.7 158.5 8.0 83.9 20.8 6.3 11.0 5.4 9.5 30.6 66.6 7.7 58.9 0.2 206.9 40.1 18.0 3.2 2.0 1.6 6.2 9.1 18.4 7.7 3.3 7.8 148.6 34.8 23.5 79.6 5.3 5.9 18.4 3.5 151.3 6.0 79.8 23.3 6.0 11.4 3.6 7.9 27.3 65.5 7.8 57.8 –1.5 225.3 43.7 20.5 3.2 0.7 2.2 7.5 9.6 22.5 10.3 4.0 8.0 158.7 35.2 24.1 85.8 6.9 7.3 18.5 3.6 156.8 8.2 82.5 19.8 6.4 11.9 5.3 9.3 29.4 66.0 7.8 58.3 –0.1 212.8 39.4 17.1 2.8 1.9 1.6 6.3 9.7 21.1 10.0 2.9 7.7 151.8 35.2 24.2 80.3 6.0 6.4 18.5 3.6 149.5 6.3 77.2 22.6 5.0 9.6 3.5 7.9 28.6 65.8 7.8 58.1 0.2 209.2 40.8 17.6 3.6 2.1 1.6 6.8 9.0 18.3 7.6 3.0 8.0 150.5 35.0 24.1 80.5 5.4 5.9 18.5 3.4 153.1 6.3 81.0 22.6 6.1 11.7 4.0 8.5 28.0 65.8 7.7 58.2 –1.8 212.8 40.3 18.5 3.2 2.0 1.6 6.1 9.0 18.0 7.0 3.8 7.9 154.9 35.2 24.0 85.5 5.0 5.8 18.4 3.5 154.9 6.2 83.0 25.5 7.3 11.8 3.7 7.7 26.8 65.6 7.8 57.9 –2.3 192.8 39.8 18.7 3.2 2.1 1.4 5.8 8.6 16.3 6.1 3.4 7.5 137.3 33.9 21.7 71.9 4.6 5.5 18.1 3.5 147.8 5.2 77.9 22.6 5.7 12.7 3.4 7.5 25.7 64.8 7.8 57.1 –2.2 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, software, and research and development). 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, software, and research and development. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. National Data D–40 February 2014 4. Foreign Transactions Table 4.1. Foreign Transactions in the National Income and Product Accounts [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Current receipts from the rest of the world ............................................................... Exports of goods and services........................................................................................... Goods 1 .............................................................................................................................. Durable........................................................................................................................... Nondurable..................................................................................................................... Services 1 .......................................................................................................................... Income receipts.................................................................................................................... Wage and salary receipts................................................................................................... Income receipts on assets ................................................................................................. Interest ........................................................................................................................... Dividends ....................................................................................................................... Reinvested earnings on U.S. direct investment abroad ................................................. Current payments to the rest of the world................................................................. Imports of goods and services ........................................................................................... Goods 1 .............................................................................................................................. 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 of the world (net) ................................ From persons (net)............................................................................................................. From government (net)....................................................................................................... From business (net) ........................................................................................................... Balance on current account, NIPAs ........................................................................... Addenda: Net lending or net borrowing (–), NIPAs ............................................................................. Balance on current account, NIPAs................................................................................ Less: Capital account transactions (net) 2 ..................................................................... 2013 II III 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 3,014.5 2,195.9 1,536.0 946.1 589.9 659.9 818.6 6.3 812.3 146.3 297.9 368.1 3,453.5 2,743.1 2,295.4 1,324.9 970.5 447.7 565.7 14.6 551.1 304.1 141.1 105.9 144.6 71.9 45.4 27.3 –439.0 .................... 2,262.2 1,570.0 964.8 605.2 692.2 .................... .................... .................... .................... .................... .................... .................... 2,755.9 2,295.0 1,357.2 937.8 460.9 .................... .................... .................... .................... .................... .................... 152.5 75.1 42.1 35.3 .................... 3,043.5 2,213.7 1,538.3 942.6 595.7 675.5 829.8 6.6 823.3 146.1 278.1 399.1 3,444.9 2,729.5 2,279.6 1,332.2 947.5 449.9 572.8 14.6 558.2 299.1 145.7 113.4 142.6 74.4 34.4 33.8 –401.4 3,027.5 2,214.2 1,531.6 942.0 589.7 682.6 813.3 6.6 806.7 149.2 303.2 354.2 3,465.5 2,737.3 2,281.9 1,327.5 954.5 455.3 575.9 14.4 561.5 302.5 156.0 103.0 152.4 75.9 41.5 35.0 –438.1 I 3,055.9 2,238.9 1,548.8 969.1 579.7 690.2 817.0 6.6 810.4 151.6 293.4 365.3 3,474.6 2,747.9 2,288.7 1,356.2 932.5 459.3 570.1 15.1 555.0 299.4 130.8 124.8 156.6 75.7 46.1 34.8 –418.7 3,087.8 2,265.8 1,572.1 962.7 609.4 693.7 822.0 6.6 815.4 148.4 283.1 383.9 3,480.4 2,766.0 2,304.5 1,366.2 938.3 461.5 559.1 15.1 544.0 296.7 194.2 53.0 155.3 73.2 46.9 35.2 –392.6 IV 30 31 32 –432.4 .................... –439.0 .................... –6.6 .................... –371.1 –401.4 –30.3 –438.5 –438.1 0.5 –419.1 –418.7 0.4 –391.9 ................... –392.6 ................... –0.6 ................... ................... 2,329.7 1,627.4 985.3 642.1 702.2 ................... ................... ................... ................... ................... ................... ................... 2,772.5 2,305.0 1,379.1 925.9 467.5 ................... ................... ................... ................... ................... ................... 145.7 75.7 33.8 36.2 ................... 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 reclassi fied from goods to services. 2. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets. Prior to 1982, reflects only capital grants paid to the U.S. territories and the Commonwealths of Puerto Rico and Northern Mariana Islands. SURVEY OF CURRENT BUSINESS February 2014 Table 4.2.1. Percent Change From Preceding Period in Real Exports and in Real Imports of Goods and Services by Type of Product D–41 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 2012 2013 2012 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 ..... Expor ts of nonagricultural goods Imports of durable goods.............. Imports of nondurable goods........ Imports of nonpetroleum goods ... 1 2 3 4 5 6 7 3.5 3.8 –0.9 1.8 0.0 2.5 6.1 2.8 2.5 –2.3 4.3 1.0 5.6 0.9 Line 2013 I II III 2012 2013 IV IV 1.1 –3.0 –33.8 0.8 –9.6 5.3 –5.1 –1.3 –2.8 –0.8 –0.2 13.5 –5.3 –4.4 8.0 9.4 –27.4 9.0 –3.9 14.6 14.2 3.9 5.6 41.5 14.5 8.6 16.8 –2.2 11.4 15.1 79.8 13.3 12.1 13.8 3.4 8 14.5 10.4 0.4 –10.3 56.5 19.5 –18.9 9 10 1.1 4.9 0.0 –1.3 –3.3 –6.7 11.9 –4.7 0.7 6.8 –3.0 –7.6 1.9 11.2 11 8.1 3.6 –2.4 3.1 21.0 2.9 –4.0 12 13 14 15 16 2.4 0.3 4.9 5.5 3.0 5.5 8.0 2.5 3.7 3.4 3.3 4.7 1.6 62.4 11.3 0.2 7.2 –7.6 –28.6 2.2 36.5 54.7 16.7 –27.5 4.8 –19.6 –28.5 –6.8 47.2 0.1 21.2 39.3 1.8 58.4 3.4 17 18 19 20 21 22 23 –2.5 6.2 3.2 –0.7 1.1 3.6 –2.5 9.6 6.9 3.5 1.6 2.5 2.5 –1.7 57.6 3.9 –0.8 –4.4 5.1 20.4 –5.5 –11.7 9.4 1.1 19.3 2.2 –1.6 –5.7 14.7 8.1 13.7 –0.3 4.7 2.8 1.4 11.3 1.8 3.0 –10.7 3.3 –1.4 3.4 5.5 3.5 –7.2 6.9 4.5 3.1 19.4 24 25 26 2.2 2.1 3.7 1.4 1.2 4.0 –3.1 –3.5 3.7 0.6 –0.2 11.9 6.9 7.5 3.6 2.4 2.4 –7.7 0.9 0.8 0.1 27 28 29 30 31 2.7 5.9 –0.6 –8.2 7.2 1.9 2.5 1.3 –7.3 2.0 –11.2 –0.9 –20.8 –10.7 2.4 10.0 21.4 –1.1 –10.7 –0.7 –0.7 –1.1 –0.2 –3.6 2.9 8.7 –2.6 22.0 –3.1 7.9 –3.4 –4.0 –2.8 –8.0 9.9 32 7.1 12.2 67.4 –10.7 5.1 7.7 24.8 33 34 3.9 8.3 –0.1 1.6 29.8 –9.8 –10.1 3.8 –12.8 8.0 15.6 5.7 28.5 3.0 35 14.8 4.0 –4.5 –12.1 29.0 20.6 –4.9 36 37 38 39 40 41 42 43 44 45 46 47 –1.0 1.1 –3.4 5.1 2.7 –6.8 7.0 4.7 2.2 12.8 0.9 –9.6 3.2 5.8 0.3 8.6 2.5 –16.4 1.0 4.0 7.8 3.5 3.8 –4.7 3.1 13.2 –7.6 –20.9 –1.0 –27.3 –5.3 –10.4 1.1 –18.0 9.5 3.4 0.4 –6.8 9.5 55.1 5.0 –19.3 5.4 14.7 16.5 12.4 2.9 –15.2 8.8 20.0 –3.1 48.5 4.0 –11.1 4.8 6.1 12.1 7.7 2.0 10.2 –0.5 –0.3 –0.7 –37.2 2.5 –11.3 1.6 5.1 7.2 6.0 2.2 –4.7 4.5 5.3 3.7 0.2 1.5 –29.7 6.1 –2.5 6.2 1.6 3.0 –5.6 48 49 50 51 52 53 54 4.8 2.2 0.8 4.1 7.2 –4.1 4.8 2.2 3.2 –2.3 3.1 3.6 –2.1 3.1 –2.5 –3.7 –32.9 1.0 1.7 –10.5 –1.9 –0.7 –6.2 –0.6 –3.1 –0.9 0.7 2.2 14.5 1.6 –24.6 13.5 12.9 0.2 9.9 –2.0 19.2 33.7 3.2 5.5 –2.0 3.5 8.4 26.4 75.4 10.2 3.4 –2.8 2.7 1. Exports and imports of cer tain 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. 2012 Percent change at annual rate: Exports of goods and services ............................... Percentage points at annual rates: 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 ............................................. Percent change at annual rate: Imports of goods and services ............................... 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 ............................................. 2013 I II III IV 1 3.5 2.8 1.1 –1.3 8.0 3.9 11.4 2 3 4 5 6 7 2.64 –0.06 0.40 0.00 0.40 1.43 1.77 –0.16 0.92 0.06 0.85 0.22 –2.11 –2.60 0.16 –0.63 0.79 –1.27 –1.99 –0.04 –0.05 0.78 –0.83 –1.06 6.49 –1.79 1.92 –0.24 2.16 3.27 3.84 1.93 2.96 0.50 2.46 –0.51 10.38 3.71 2.90 0.72 2.18 0.89 8 0.56 0.45 0.02 –0.47 2.08 0.88 –1.00 9 10 0.03 0.85 0.00 –0.23 –0.07 –1.22 0.24 –0.83 0.02 1.16 –0.06 –1.33 0.05 1.84 11 0.51 0.24 –0.16 0.20 1.31 0.20 –0.26 12 13 14 15 16 0.20 0.01 0.18 0.16 0.89 0.45 0.36 0.09 0.11 1.04 0.27 0.21 0.06 1.50 3.23 0.02 0.31 –0.30 –1.06 0.66 2.71 2.11 0.60 –0.92 1.49 –1.84 –1.58 –0.26 1.11 0.04 1.66 1.58 0.08 1.48 1.07 17 18 19 20 21 22 23 –0.02 0.35 0.06 –0.01 0.07 0.48 –0.02 0.08 0.40 0.06 0.03 0.14 0.34 –0.01 0.36 0.22 –0.01 –0.09 0.28 2.50 –0.04 –0.10 0.54 0.02 0.35 0.12 –0.23 –0.04 0.12 0.48 0.24 –0.01 0.27 0.39 0.01 0.09 0.11 0.05 –0.22 0.19 –0.19 0.02 0.05 0.22 –0.13 0.13 0.26 0.43 0.12 24 2.2 1.4 –3.1 0.6 6.9 2.4 0.9 25 26 1.78 0.15 0.99 0.16 –2.96 0.15 –0.19 0.47 6.23 0.16 2.00 –0.34 0.70 0.00 27 28 29 30 31 0.29 0.32 –0.03 –1.43 1.39 0.21 0.14 0.07 –1.13 0.41 –1.25 –0.04 –1.20 –1.70 0.49 1.02 1.08 –0.06 –1.70 –0.14 –0.05 –0.05 0.00 –0.52 0.60 0.89 –0.14 1.03 –0.44 1.54 –0.36 –0.22 –0.14 –1.16 1.92 32 0.10 0.18 0.80 –0.19 0.08 0.12 0.38 33 34 0.17 1.12 0.00 0.22 1.15 –1.46 –0.47 0.52 –0.59 1.11 0.63 0.79 1.13 0.42 35 1.42 0.44 –0.50 –1.40 2.84 2.14 –0.58 36 37 38 39 40 41 42 43 44 45 46 47 –0.20 0.11 –0.31 0.16 0.44 –0.07 0.20 0.06 0.05 0.17 0.07 –0.03 0.61 0.59 0.03 0.29 0.41 –0.15 0.03 0.05 0.16 0.05 0.28 –0.01 0.60 1.29 –0.69 –0.76 –0.17 –0.28 –0.16 –0.14 0.02 –0.29 0.67 0.01 0.07 –0.73 0.81 1.48 0.81 –0.18 0.16 0.18 0.32 0.17 0.21 –0.05 1.70 1.97 –0.27 1.50 0.68 –0.10 0.15 0.08 0.25 0.11 0.16 0.03 –0.09 –0.02 –0.07 –1.70 0.41 –0.09 0.05 0.07 0.15 0.09 0.17 –0.01 0.86 0.54 0.32 0.01 0.25 –0.27 0.18 –0.03 0.13 0.02 0.22 –0.02 1. Expor ts and imports of cer tain 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. National Data D–42 February 2014 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, 2009=100] [Index numbers, 2009=100] Seasonally adjusted Seasonally adjusted Line 2012 2013 2012 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 par ts ..................................... Computers, peripherals, and par ts ..................................... 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 transpor tation ..................... 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 transpor tation ..................... 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 ... 1 2 3 4 5 6 7 123.590 127.100 108.907 125.243 121.062 127.026 131.841 127.060 130.335 106.454 130.601 122.321 134.131 133.032 124.196 127.038 104.158 125.380 117.321 128.838 131.284 Line 2013 I 123.781 126.126 103.959 125.310 121.088 127.112 129.823 II 126.181 128.995 95.974 128.029 119.883 131.506 134.215 III 127.389 130.764 104.670 132.430 122.381 136.713 133.484 130.888 135.456 121.213 136.635 125.930 141.196 134.607 9 140.637 140.598 136.887 140.791 141.032 139.960 140.610 10 134.999 133.234 133.629 132.026 134.203 131.587 135.119 11 171.984 178.128 170.364 171.680 180.049 181.323 179.461 12 13 14 15 16 116.955 129.252 104.809 104.342 116.297 123.381 139.653 107.394 108.204 120.293 118.058 129.006 107.229 115.435 118.321 118.110 131.283 105.124 106.105 118.961 127.657 146.423 109.256 97.903 120.372 120.896 134.638 107.358 107.830 120.410 126.862 146.265 107.840 120.977 121.428 17 18 19 20 21 22 23 112.137 120.322 112.850 107.028 119.175 116.103 107.040 122.945 128.594 116.746 108.715 122.174 119.035 105.267 121.506 123.362 113.743 105.140 119.657 118.904 104.900 117.787 126.172 114.067 109.875 120.298 118.411 103.378 121.895 128.642 117.791 109.779 121.692 119.222 103.734 125.200 129.218 118.657 106.707 122.682 118.803 104.605 126.899 130.345 116.469 108.499 124.026 119.702 109.351 24 120.860 122.546 120.398 120.584 122.615 123.347 123.638 25 123.750 125.219 123.170 123.098 125.341 126.087 126.350 26 108.148 112.507 109.752 112.879 113.877 111.628 111.646 125.402 132.413 118.462 90.484 147.977 127.794 135.741 119.947 83.858 150.938 123.904 130.344 117.550 87.664 148.067 126.895 136.805 117.220 85.214 147.807 126.687 136.429 117.169 84.428 148.869 129.354 135.547 123.133 83.757 151.735 2013 IV 8 115.415 127.365 119.042 115.852 129.583 135.474 128.550 27 28 29 30 31 2012 128.241 134.182 122.266 82.032 155.341 32 116.455 130.693 130.098 126.453 128.034 130.434 137.853 33 141.642 141.518 144.053 140.283 135.568 140.568 149.652 34 154.053 156.525 151.509 152.916 155.885 158.070 159.231 35 177.393 184.534 177.894 172.242 183.577 192.364 189.951 36 37 38 39 40 41 42 43 44 45 46 47 116.686 122.179 110.770 111.004 108.779 82.017 107.931 106.285 116.071 120.364 112.159 74.727 120.438 129.237 111.093 120.604 111.464 68.549 108.987 110.574 125.177 124.575 116.410 71.213 118.181 126.722 109.086 106.198 108.855 76.601 106.019 105.187 116.448 118.315 114.621 73.567 118.293 124.511 111.595 118.522 110.197 72.613 107.425 108.847 120.979 121.827 115.436 70.596 120.800 130.306 110.730 130.843 111.296 70.500 108.690 110.459 124.492 124.112 116.019 72.339 120.656 130.224 110.522 116.493 111.977 68.424 109.109 111.841 126.663 125.930 116.655 71.474 122.004 131.907 111.526 116.561 112.389 62.660 110.725 111.148 128.573 126.431 117.528 70.443 48 49 50 51 52 53 54 133.412 117.351 110.163 129.011 143.391 102.312 133.019 136.313 121.063 107.593 133.012 148.483 100.169 137.143 132.759 118.133 105.473 129.559 144.173 100.370 133.175 132.533 116.265 105.310 128.554 143.838 100.556 133.906 137.102 116.716 98.122 132.696 148.274 100.611 137.113 136.412 121.959 105.512 133.753 150.275 100.115 138.312 139.206 129.312 121.429 137.045 151.544 99.395 139.238 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. Exports of goods and services ............................... Exports of goods 1 ......................... Foods, feeds, and beverages ........ Industrial supplies and materials Durable goods .......................... Nondurable goods .................... Capital goods, except automotive Civilian aircraft, engines, and par ts ..................................... Computers, peripherals, and par ts ..................................... 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 Impor ts of durable goods .............. Impor ts of nondurable goods ........ Impor ts of nonpetroleum goods .... 1 2 3 4 5 6 7 112.185 113.507 129.858 131.195 120.751 136.286 102.229 112.415 113.150 132.284 128.575 117.114 134.107 102.879 2012 2013 IV I II III IV 112.543 113.731 136.146 129.743 120.712 134.185 102.415 112.944 114.060 135.767 130.330 119.139 135.751 103.045 112.034 112.771 132.733 127.309 116.756 132.435 102.770 112.303 112.921 131.564 128.238 115.501 134.325 102.767 112.381 112.847 129.072 128.425 117.061 133.917 102.933 8 109.374 111.416 110.159 110.503 111.003 111.802 112.355 9 92.882 90.634 91.561 91.246 90.969 90.328 89.992 10 101.949 102.665 102.212 103.045 102.578 102.451 102.587 11 103.978 104.536 103.976 104.478 104.449 104.530 104.688 12 13 14 15 16 103.976 101.877 106.228 114.739 109.312 102.826 100.160 105.780 114.444 110.842 104.341 102.044 106.832 115.023 109.974 103.502 100.772 106.536 115.359 110.531 102.834 100.099 105.879 114.034 110.451 102.524 99.915 105.404 114.226 110.981 102.444 99.852 105.301 114.157 111.403 17 18 19 20 21 22 23 104.775 111.371 133.617 113.547 105.889 106.880 110.423 106.196 112.198 130.825 114.331 107.161 109.511 109.525 105.182 111.964 131.975 114.484 106.450 107.784 112.334 105.806 112.297 134.999 114.685 106.775 108.359 111.957 106.171 111.541 130.187 114.191 106.838 109.120 110.199 106.276 112.795 127.531 114.048 107.334 109.827 110.624 106.531 112.159 130.582 114.399 107.696 110.738 105.320 24 114.862 113.810 114.725 114.873 113.411 113.480 113.476 25 116.855 115.468 116.592 116.779 115.028 115.140 114.924 26 123.996 124.587 122.533 122.715 123.975 125.390 126.266 27 28 29 30 31 117.590 119.732 115.647 179.114 99.669 116.200 116.702 116.067 172.256 98.695 118.280 119.607 117.198 176.471 99.438 119.470 119.948 119.304 176.975 99.237 118.191 116.198 120.739 165.671 98.706 113.113 114.629 111.913 174.849 98.465 114.024 116.035 112.314 171.530 98.373 32 112.326 114.350 113.216 113.662 113.827 114.834 115.076 33 91.634 91.086 91.320 91.140 91.290 91.154 90.761 34 101.412 99.988 101.095 100.819 99.987 99.584 99.560 35 105.716 105.329 106.355 106.499 105.427 104.616 104.776 36 37 38 39 40 41 42 43 44 45 46 47 103.225 100.415 106.505 108.171 105.895 98.961 104.298 129.812 112.130 105.890 102.774 106.256 102.989 99.090 107.641 108.267 106.378 103.704 105.703 133.784 111.649 107.161 102.027 107.339 103.322 100.227 106.954 108.675 106.336 100.754 105.062 131.241 112.804 106.450 102.706 106.896 103.280 99.709 107.510 109.042 106.309 102.363 105.440 132.887 112.445 106.775 102.116 107.176 103.185 99.365 107.733 108.632 106.165 103.056 105.806 132.431 111.403 106.838 101.915 106.998 102.763 98.727 107.593 107.619 106.033 102.848 105.478 129.999 111.419 107.334 102.007 107.337 102.727 98.560 107.728 107.775 107.007 106.548 106.088 139.818 111.328 107.696 102.071 107.845 48 49 50 51 52 53 54 105.542 127.984 130.276 111.886 103.463 136.629 106.050 105.334 127.320 133.188 111.211 102.362 134.857 105.452 105.667 128.387 135.750 111.625 103.461 135.976 106.147 105.777 129.138 136.209 111.942 103.337 136.729 106.288 105.192 126.469 133.900 110.740 102.413 133.511 105.793 105.029 127.233 132.775 110.992 101.799 135.005 104.780 105.339 126.439 129.870 111.171 101.899 134.185 104.945 1. Exports and imports of cer tain 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. SURVEY OF CURRENT BUSINESS February 2014 D–43 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 (2009) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates Line 2012 2013 2012 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: Expor ts of durable goods .......... Expor ts of nondurable goods .... Expor ts of agricultural goods 2 Expor ts of nonagricultural goods..................................... Imports of durable goods........... Imports of nondurable goods..... Impor ts of nonpetroleum goods Line 2013 I II III 2012 2013 IV IV 1 2,195.9 2,262.2 2,213.7 2,214.2 2,238.9 2,265.8 2,329.7 2 1,536.0 1,570.0 1,538.3 1,531.6 1,548.8 1,572.1 1,627.4 3 132.8 132.0 133.1 132.4 119.5 129.2 146.8 4 5 6 482.3 140.3 342.0 492.9 137.5 355.4 477.5 135.9 341.6 479.4 138.4 341.0 478.4 134.3 344.1 498.5 135.6 362.9 515.1 141.5 373.6 7 527.7 535.8 526.4 523.7 540.0 537.1 542.4 8 94.4 106.1 98.0 95.7 107.5 113.2 108.0 9 10 49.3 384.0 48.0 381.7 47.3 381.1 48.4 379.6 48.4 384.1 47.7 376.2 47.7 386.8 11 146.1 152.2 144.8 146.6 153.7 154.9 153.5 12 13 14 15 16 181.7 99.3 82.4 65.3 659.9 189.6 105.5 84.1 67.6 692.2 184.1 99.3 84.8 72.4 675.5 182.7 99.8 82.9 66.8 682.6 196.2 110.6 85.6 60.9 690.2 185.2 101.5 83.7 67.2 693.7 194.2 110.2 84.0 75.4 702.2 17 18 19 20 21 22 23 17.1 126.2 39.4 43.9 124.2 294.5 14.7 19.0 135.9 39.9 44.9 128.8 309.4 14.4 18.6 130.1 39.2 43.4 125.3 304.2 14.7 18.1 133.5 40.2 45.5 126.4 304.5 14.4 18.8 135.1 40.0 45.2 127.9 308.8 14.3 19.3 137.3 39.5 43.9 129.6 309.7 14.4 19.6 137.7 39.7 44.8 131.4 314.6 14.4 24 2,743.1 2,755.9 2,729.5 2,737.3 2,747.9 2,766.0 2,772.5 25 2,295.4 2,295.0 2,279.6 2,281.9 2,288.7 2,304.5 2,305.0 26 111.1 116.2 111.4 114.8 117.0 116.0 116.8 27 28 29 30 290.0 151.4 138.6 433.9 292.0 151.3 140.7 386.7 288.2 148.9 139.4 414.1 298.2 156.7 141.5 403.7 294.5 151.4 143.1 374.5 287.8 148.4 139.4 392.1 287.6 148.7 138.9 376.7 31 551.7 557.2 550.7 548.7 549.6 558.9 571.6 32 40.1 45.9 45.2 44.1 44.7 45.9 48.7 33 34 122.2 389.3 121.4 390.0 123.9 381.7 120.4 384.2 116.5 388.4 120.6 392.3 127.9 395.0 35 298.5 309.3 301.2 292.0 308.1 320.4 316.8 36 37 38 39 40 41 42 43 44 45 46 47 519.6 278.0 241.6 90.6 447.7 24.7 83.5 34.7 55.4 39.9 201.2 8.3 535.1 290.2 244.9 98.6 460.9 21.7 85.4 37.2 59.5 41.8 207.3 8.0 526.8 287.8 239.0 87.1 449.9 23.5 82.6 34.7 56.0 39.4 205.5 8.3 527.1 281.3 245.7 97.5 455.3 22.7 84.0 36.3 57.9 40.7 205.8 7.9 537.7 293.4 244.3 107.3 459.3 22.1 85.3 36.7 59.1 41.5 206.4 8.1 534.9 291.3 243.5 94.6 461.5 21.5 85.3 36.5 60.1 42.3 207.7 8.1 540.7 294.6 246.1 94.8 467.5 20.4 87.1 39.0 61.0 42.6 209.4 8.0 48 49 50 946.1 589.9 144.9 964.8 605.2 144.5 942.6 595.7 144.5 942.0 589.7 144.8 969.1 579.7 132.6 962.7 609.4 141.4 985.3 642.1 159.1 51 1,391.1 1,425.5 1,393.8 1,386.9 1,416.2 1,430.7 1,468.3 52 1,324.9 1,357.2 1,332.2 1,327.5 1,356.2 1,366.2 1,379.1 53 970.5 937.8 947.5 954.5 932.5 938.3 925.9 54 1,861.5 1,908.3 1,865.5 1,878.2 1,914.2 1,912.5 1,928.3 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. 2012 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 par ts............................... 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 parts 2 ............................... Other..................................... Automotive vehicles, engines, and par ts............................... 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 .................................... Impor ts of durable goods .......... Impor ts of nondurable goods .... Impor ts of nonpetroleum goods 2013 I II III IV 1 1,957.4 2,012.4 1,967.0 1,960.5 1,998.4 2,017.6 2,073.0 2 1,353.2 1,387.7 1,352.6 1,342.8 1,373.4 1,392.2 1,442.2 3 102.3 100.0 97.8 97.6 90.1 98.3 113.8 4 5 6 367.6 116.2 251.0 383.4 117.4 265.0 368.0 112.6 254.5 367.8 116.2 251.1 375.8 115.1 259.8 388.7 117.4 270.1 401.1 120.9 279.0 7 516.2 520.8 514.0 508.3 525.4 522.6 527.0 8 86.3 95.2 89.0 86.6 96.9 101.3 96.1 9 ............. ............. ............. ............. ............. ............. ............. 10 376.7 371.8 372.9 368.4 374.5 367.2 377.0 11 140.5 145.6 139.2 140.3 147.1 148.2 146.6 12 13 14 15 16 174.8 97.5 77.6 56.9 603.7 184.4 105.4 79.5 59.0 624.5 176.4 97.3 79.4 63.0 614.2 176.5 99.0 77.8 57.9 617.5 190.8 110.5 80.9 53.4 624.9 180.7 101.6 79.5 58.8 625.1 189.6 110.4 79.8 66.0 630.3 17 18 19 20 21 22 23 24 16.3 113.3 29.5 38.6 117.3 275.6 13.3 –4.5 17.9 121.1 30.5 39.2 120.2 282.5 13.1 –4.0 17.6 116.2 29.7 37.9 117.7 282.2 13.1 –4.7 17.1 118.8 29.8 39.7 118.4 281.0 12.9 –5.2 17.7 121.2 30.7 39.6 119.8 283.0 12.9 –8.0 18.2 121.7 31.0 38.5 120.7 282.0 13.0 –2.7 18.4 122.8 30.4 39.2 122.0 284.1 13.6 –0.1 25 2,388.2 2,421.5 2,379.1 2,382.7 2,422.9 2,437.3 2,443.1 26 1,964.3 1,987.6 1,955.1 1,954.0 1,989.6 2,001.4 2,005.6 27 89.6 93.2 90.9 93.5 94.4 92.5 92.5 28 29 30 31 246.6 126.5 119.8 242.2 251.3 129.6 121.3 224.5 243.6 124.5 118.9 234.7 249.5 130.7 118.6 228.1 249.1 130.3 118.5 226.0 254.4 129.5 124.5 224.2 252.2 128.1 123.7 219.6 32 553.5 564.6 553.9 552.9 556.9 567.6 581.1 33 35.7 40.1 39.9 38.8 39.3 40.0 42.3 34 ............. ............. ............. ............. ............. ............. ............. 35 383.9 390.1 377.6 381.1 388.5 393.9 396.8 36 282.4 293.8 283.2 274.2 292.2 306.2 302.4 37 38 39 40 41 42 43 44 45 46 47 48 49 503.4 276.8 226.9 83.8 422.8 25.0 80.0 26.7 49.4 37.7 195.8 7.8 –35.2 519.6 292.8 227.5 91.0 433.3 20.9 80.8 27.8 53.3 39.0 203.2 7.5 –48.2 509.8 287.1 223.4 80.1 423.1 23.3 78.6 26.4 49.6 37.0 200.1 7.7 –39.6 510.3 282.1 228.6 89.4 428.3 22.1 79.6 27.3 51.5 38.1 201.5 7.4 –42.0 521.1 295.3 226.8 98.7 432.6 21.5 80.6 27.7 53.0 38.8 202.5 7.6 –46.5 520.5 295.1 226.4 87.9 435.2 20.9 80.9 28.1 54.0 39.4 203.6 7.5 –49.7 526.3 298.9 228.4 88.0 436.8 19.1 82.1 27.9 54.8 39.6 205.2 7.4 –54.6 50 51 52 896.4 460.9 111.2 915.9 475.5 108.6 892.0 464.0 106.5 890.5 456.7 106.3 921.2 458.4 99.1 916.6 479.0 106.5 935.3 507.9 122.6 53 1,243.3 1,281.8 1,248.6 1,238.9 1,278.8 1,289.0 1,320.7 54 1,280.6 1,326.0 1,287.6 1,284.6 1,324.2 1,342.1 1,353.4 55 710.3 695.4 696.8 698.1 698.5 695.0 690.0 56 1,755.3 1,809.7 1,757.4 1,767.0 1,809.3 1,825.2 1,837.4 1. Exports and imports of cer tain 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 aggre gate 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 par ts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. For exports and for imports, the residual line is the difference between the aggregate line and the sum of the most detailed lines. National Data D–44 February 2014 5. Saving and Investment Table 5.1. Saving and Investment by Sector [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Gross saving .................................................................................................................... Net saving ................................................................................................................................. Net private saving .................................................................................................................. Domestic business ............................................................................................................. Undistributed corporate profits ....................................................................................... Inventory valuation adjustment, corporate ..................................................................... Capital consumption adjustment, corporate .................................................................. Households and institutions ............................................................................................... Personal saving.............................................................................................................. 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 ........................................................................................ Domestic business ............................................................................................................. Households and institutions ............................................................................................... Gross government investment ............................................................................................... Federal ............................................................................................................................... State and local ................................................................................................................... Capital account transactions (net) 1 ...................................................................................... Private .................................................................................................................................... Domestic business ............................................................................................................. Households and institutions ............................................................................................... Government ........................................................................................................................... Federal ............................................................................................................................... State and local ................................................................................................................... Net lending or net borrowing (–), NIPAs................................................................................. Private .................................................................................................................................... Domestic business ............................................................................................................. Households and institutions ............................................................................................... Government ........................................................................................................................... Federal ............................................................................................................................... State and local ................................................................................................................... Statistical discrepancy .................................................................................................... Addenda: Gross private saving .............................................................................................................. Domestic business ............................................................................................................. Households and institutions ............................................................................................... Gross government saving ...................................................................................................... Federal ............................................................................................................................... State and local ................................................................................................................... Net domestic investment ........................................................................................................ Private ................................................................................................................................ Domestic business ......................................................................................................... Households and institutions ........................................................................................... Government ....................................................................................................................... Federal ........................................................................................................................... State and local ............................................................................................................... Gross saving as a percentage of gross national income ................................................. Net saving as a percentage of gross national income ..................................................... Disaster losses 2 .................................................................................................................. Private ................................................................................................................................ Domestic business ......................................................................................................... Households and institutions ........................................................................................... Government ....................................................................................................................... Federal ........................................................................................................................... State and local ............................................................................................................... 2013 I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 2,672.2 129.4 1,491.7 804.3 984.9 –10.0 –170.5 687.4 687.4 –1,362.3 –1,109.7 –252.7 2,542.9 2,049.3 1,639.4 409.9 493.6 262.3 231.4 2,655.2 3,094.2 2,475.2 1,977.1 498.1 619.0 284.0 334.9 –6.6 –26.0 –12.4 –13.6 19.5 83.3 –63.9 –432.4 1,074.7 462.0 612.7 –1,507.1 –1,214.8 –292.4 –17.0 ................... ................... ................... ................... ................... ................... –161.3 561.4 561.4 ................... ................... ................... 2,646.6 2,141.4 1,707.4 434.0 505.2 267.6 237.6 ................... 3,278.9 2,672.0 2,110.1 561.9 607.0 274.8 332.2 ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 2,812.8 237.8 1,570.5 746.4 928.7 –8.4 –173.9 824.1 824.1 –1,332.7 –1,078.5 –254.2 2,575.0 2,077.6 1,661.4 416.2 497.4 263.7 233.7 2,711.1 3,112.5 2,499.9 1,978.2 521.8 612.5 281.4 331.2 –30.3 –62.0 –7.1 –54.9 31.7 102.1 –70.4 –371.1 1,108.4 335.0 773.4 –1,479.5 –1,198.3 –281.2 –101.7 2,871.5 267.6 1,350.5 848.5 1,021.0 –13.0 –159.5 502.0 502.0 –1,082.9 –853.1 –229.8 2,603.8 2,103.3 1,680.6 422.7 500.5 265.6 234.9 2,715.9 3,153.9 2,555.1 2,017.4 537.7 598.8 272.7 326.1 0.5 –3.3 –10.7 7.4 3.8 65.2 –61.4 –438.5 746.4 366.8 379.6 –1,184.9 –925.4 –259.6 –155.6 2,993.4 361.6 1,212.3 631.9 784.2 8.9 –161.1 580.4 580.4 –850.7 –653.1 –197.6 2,631.9 2,128.5 1,698.9 429.6 503.4 266.8 236.6 2,806.7 3,225.4 2,621.0 2,063.4 557.6 604.4 276.6 327.8 0.4 1.8 –6.6 8.4 –1.4 57.6 –59.1 –419.1 531.2 87.3 443.9 –950.3 –720.5 –229.8 –186.8 3,052.4 392.8 1,468.5 850.5 1,010.4 1.7 –161.6 618.0 618.0 –1,075.7 –849.7 –226.0 2,659.6 2,153.5 1,715.8 437.7 506.1 267.8 238.3 2,959.8 3,352.3 2,738.0 2,158.4 579.6 614.4 278.8 335.6 –0.6 4.5 –6.0 10.6 –5.2 60.3 –65.5 –391.9 786.8 321.3 465.5 –1,178.7 –921.0 –257.7 –92.6 .................... .................... .................... .................... .................... .................... –163.0 545.1 545.1 .................... .................... .................... 2,691.1 2,180.3 1,734.3 445.9 510.9 270.2 240.6 .................... 3,384.0 2,773.7 2,201.1 572.5 610.4 271.2 339.2 .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 3,540.9 2,443.7 1,097.3 –868.7 –847.4 –21.3 551.3 425.9 337.7 88.2 125.3 21.8 103.6 16.2 0.8 45.9 38.3 17.5 20.9 7.6 0.0 7.6 ................... ................... 995.3 ................... ................... ................... 632.3 530.6 402.7 127.9 101.8 7.2 94.6 ................... ................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3,648.1 2,407.8 1,240.3 –835.3 –814.8 –20.5 537.4 422.4 316.7 105.6 115.1 17.7 97.4 16.8 1.4 183.7 153.3 69.9 83.5 30.4 0.0 30.4 3,453.8 2,529.1 924.7 –582.4 –587.5 5.1 550.1 451.8 336.8 115.0 98.3 7.1 91.2 17.0 1.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3,340.8 2,330.8 1,010.0 –347.4 –386.3 38.9 593.6 492.5 364.5 128.0 101.0 9.8 91.3 17.5 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3,621.9 2,566.2 1,055.7 –569.5 –581.8 12.3 692.7 584.5 442.6 141.9 108.2 11.0 97.2 17.7 2.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 .................... .................... 991.1 .................... .................... .................... 692.9 593.4 466.8 126.6 99.5 0.9 98.6 .................... .................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets. Prior to 1982, reflects only capital grants paid to the U.S. territories and the Commonwealths of Puer to Rico and Northern Mariana Islands. 2. Consists of damages to fixed assets. SURVEY OF CURRENT BUSINESS February 2014 Table 5.3.1. Percent Change From Preceding Period in Real Private Fixed Investment by Type D–45 Table 5.3.2. Contributions to Percent Change in Real Private Fixed Investment by Type [Percent] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Private fixed investment .... Nonresidential ............................ Structures ............................... Commercial and health care Manufacturing....................... Power and communication ... Mining exploration, shafts, and wells 1........................ Other structures 2 ................. Equipment ............................... Information processing equipment......................... Computers and peripheral equipment .................... Other 3.............................. Industrial equipment ............. Transportation equipment ..... Other equipment 4 ................ Intellectual property products Software 5 ............................ Research and development 6 Entertainment, literary, and artistic originals ................ Residential .................................. Structures ............................... Permanent site ..................... Single family ..................... Multifamily ........................ Other structures 7 ................. Equipment ............................... Addenda: Private fixed investment in structures.............................. Private fixed investment in new structures.............................. Nonresidential structures 8 ... Residential structures 9 ........ Private fixed investment in information processing equipment and software ....... Seasonally adjusted at annual rates 2013 I II Line III IV 1 2 3 4 5 6 8.3 7.3 12.7 7.9 15.1 18.9 4.3 2.6 1.3 3.3 4.3 –8.8 11.6 9.8 17.6 –3.4 17.1 98.0 –1.5 –4.6 –25.7 –0.5 –5.4 –68.3 6.5 4.7 17.6 –5.2 –19.2 37.8 5.9 4.8 13.4 18.2 55.5 2.9 0.9 3.8 –1.2 19.3 –5.6 –19.0 7 8 9 13.8 8.0 7.6 5.1 4.2 2.9 –2.0 –2.5 8.9 –1.6 –15.2 1.6 30.8 41.0 3.3 10.6 2.7 0.2 –2.6 0.9 6.9 10 2.7 3.0 20.0 –2.7 9.3 2.0 –6.2 11 12 13 14 15 16 17 18 5.4 1.7 5.5 22.2 3.9 3.4 5.9 1.6 –1.2 4.7 3.3 0.0 5.4 3.1 4.6 2.0 80.1 3.1 6.2 1.1 5.6 5.7 9.4 3.1 –15.8 3.0 0.3 –7.6 18.8 3.7 7.7 –0.3 –14.9 19.8 –1.0 6.5 –3.1 –1.5 –5.9 2.2 2.2 1.9 15.5 3.0 –16.1 5.8 8.5 5.1 22.2 –14.9 –3.9 19.7 24.6 3.2 3.7 3.4 19 20 21 22 23 24 25 26 0.3 12.9 13.1 24.2 21.0 47.6 7.7 3.0 1.5 12.0 12.1 24.1 20.8 44.5 5.4 7.7 1.9 19.8 20.1 42.4 39.9 57.4 8.6 6.2 4.0 12.5 12.6 30.8 28.2 46.5 2.4 9.3 2.8 14.2 14.3 16.2 12.5 38.2 13.1 10.3 –2.1 10.3 10.3 5.4 3.8 14.4 13.6 11.1 0.3 –9.8 –10.0 1.9 –4.8 43.6 –17.0 1.6 27 12.9 6.7 18.9 –8.0 15.8 11.8 –5.9 28 29 30 12.5 12.6 12.3 6.3 1.3 12.8 19.0 17.5 21.2 –9.8 –25.6 14.7 15.7 17.5 13.5 11.3 13.4 9.0 –1.7 –1.2 –2.2 31 4.3 3.8 14.5 2.4 1.4 5.2 –1.3 1. Includes petroleum and mineral exploration. 2. 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. 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. Excludes software “embedded,” or bundled, in computers and other equipment. 6. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 17. 7. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, brokers’ commissions on the sale of residential structures and adjoining land, and other ownership transfer costs. 8. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. 9. Excludes net purchases of used structures and brokers’ commissions and other ownership transfer costs. 2012 2013 2012 IV Percent change at annual rate: Private fixed investment..... Percentage points at annual rates: Nonresidential ............................. Structures ................................ Commercial and health care Manufacturing ....................... Power and communication.... Mining exploration, shafts, and wells 1 ........................ Other structures 2 ................. Equipment ............................... Information processing equipment ......................... Computers and peripheral equipment ..................... Other 3 .............................. Industrial equipment ............. Transportation equipment ..... Other equipment 4 ................ Intellectual property products Software 5 ............................. Research and development 6 Entertainment, literary, and artistic originals................. Residential................................... Structures ................................ Permanent site...................... Single family ..................... Multifamily ......................... Other structures 7 ................. Equipment ............................... Addenda: Private fixed investment in structures .............................. Private fixed investment in new structures .............................. Nonresidential structures 8 ... Residential structures 9 ........ Private fixed investment in information processing equipment and software ....... 2013 I II III IV 1 8.3 4.3 11.6 –1.5 6.5 5.9 0.9 2 3 4 5 6 6.01 2.21 0.34 0.27 0.71 2.13 0.24 0.14 0.08 –0.37 8.09 3.10 –0.14 0.31 3.08 –3.75 –5.29 –0.02 –0.11 –4.67 3.80 2.90 –0.22 –0.39 1.19 3.89 2.31 0.72 0.84 0.11 3.00 –0.23 0.77 –0.11 –0.76 7 8 9 0.69 0.21 2.89 0.27 0.11 1.09 –0.10 –0.06 3.51 –0.08 –0.42 0.59 1.43 0.90 1.27 0.56 0.08 0.14 –0.14 0.02 2.43 10 0.34 0.35 2.21 –0.31 1.05 0.24 –0.71 11 12 13 14 15 16 17 18 0.19 0.16 0.45 1.74 0.36 0.91 0.72 0.19 –0.04 0.39 0.26 0.00 0.48 0.80 0.53 0.22 1.91 0.30 0.52 0.23 0.54 1.49 1.08 0.35 –0.56 0.24 0.02 –0.68 1.56 0.94 0.86 –0.04 –0.49 1.55 –0.07 0.56 –0.28 –0.37 –0.70 0.25 0.07 0.17 1.16 0.26 –1.52 1.44 0.95 0.55 0.60 –1.31 –0.31 1.54 1.91 0.80 0.42 0.37 19 20 21 22 23 24 25 26 0.01 2.26 2.25 1.36 1.03 0.32 0.89 0.01 0.05 2.22 2.19 1.56 1.15 0.41 0.63 0.03 0.06 3.48 3.46 2.48 2.00 0.48 0.98 0.02 0.12 2.27 2.23 1.96 1.54 0.42 0.27 0.03 0.09 2.69 2.66 1.18 0.78 0.40 1.48 0.04 –0.06 2.03 1.99 0.42 0.25 0.17 1.57 0.04 0.01 –2.10 –2.10 0.15 –0.32 0.47 –2.25 0.01 27 4.46 2.43 6.56 –3.05 5.56 4.30 –2.33 28 29 30 3.81 2.19 1.61 1.99 0.24 1.75 5.81 3.07 2.74 –3.29 –5.24 1.95 4.79 2.90 1.90 3.61 2.30 1.31 –0.56 –0.23 –0.33 31 1.06 0.88 3.29 0.55 0.35 1.18 –0.29 1. Includes petroleum and mineral exploration. 2. 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. 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. Excludes software “embedded,” or bundled, in computers and other equipment. 6. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 17. 7. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, brokers’ commissions on the sale of residential structures and adjoining land, and other ownership transfer costs. 8. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. 9. Excludes net purchases of used structures and brokers’ commissions and other ownership transfer costs. National Data D–46 February 2014 Table 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes Table 5.3.4. Price Indexes for Private Fixed Investment by Type [Index numbers, 2009=100] [Index numbers, 2009=100] Seasonally adjusted Seasonally adjusted Line 2012 2013 2012 IV Private fixed investment .... Nonresidential ............................ Structures ............................... Commercial and health care Manufacturing ....................... Power and communication ... Mining exploration, shafts, and wells 1........................ Other structures 2 ................. Equipment ............................... Information processing equipment......................... Computers and peripheral equipment .................... Other 3.............................. Industrial equipment ............. Transportation equipment ..... Other equipment 4 ................ Intellectual property products Software 5 ............................ Research and development 6 Entertainment, literary, and artistic originals ................ Residential .................................. Structures ............................... Permanent site ..................... Single family ..................... Multifamily ........................ Other structures 7 ................. Equipment ............................... Addenda: Private fixed investment in structures.............................. Private fixed investment in new structures.............................. Nonresidential structures 8 ... Residential structures 9 ........ Private fixed investment in information processing equipment and software ....... Line 2013 I II III 2012 2013 2012 IV I II III IV 101.852 101.977 103.732 100.877 101.797 114.137 103.781 103.168 106.887 103.792 104.125 115.647 102.386 102.350 104.164 101.565 102.076 114.690 102.967 102.692 105.189 102.452 102.740 114.903 103.478 103.008 106.521 103.277 103.413 115.460 103.982 103.303 107.347 104.070 104.149 115.905 104.699 103.669 108.491 105.368 106.200 116.322 IV 1 116.766 121.836 119.914 119.467 121.362 123.119 123.395 2 118.263 121.346 120.717 119.318 120.685 122.114 123.267 3 96.212 97.451 100.282 93.090 96.943 100.042 99.730 4 80.766 83.408 81.665 81.561 80.478 83.908 87.684 5 79.977 83.426 83.542 82.394 78.110 87.221 85.977 6 91.902 83.782 106.073 79.602 86.247 86.872 82.408 7 165.520 174.031 164.224 163.577 174.924 179.394 178.227 8 73.221 76.271 74.188 71.184 77.570 78.079 78.252 9 140.604 144.685 142.609 143.175 144.326 144.401 146.837 10 115.460 118.956 117.963 117.165 119.797 120.384 118.476 11 12 13 14 15 16 17 18 114.515 115.876 121.380 313.250 126.606 109.962 111.326 107.269 113.116 121.296 125.330 313.142 133.397 113.353 116.426 109.380 119.857 117.282 123.525 310.852 129.561 111.617 114.156 108.106 114.804 118.145 123.613 304.769 135.266 112.648 116.288 108.019 110.257 123.592 123.309 309.621 134.192 112.235 114.537 108.619 110.847 124.178 127.832 311.916 128.432 113.815 116.901 109.977 116.555 119.269 126.568 326.263 135.697 114.715 117.979 110.906 19 20 21 22 23 24 25 26 114.816 110.581 110.502 114.999 125.412 77.426 108.154 114.009 116.535 123.902 123.912 142.746 151.485 111.861 114.044 122.837 115.079 116.635 116.631 128.724 139.000 91.742 110.293 116.261 116.203 120.123 120.136 137.672 147.909 100.932 110.946 118.880 117.020 124.180 124.214 142.939 152.344 109.440 114.402 121.819 116.412 127.267 127.298 144.844 153.781 113.174 118.098 125.069 116.505 124.037 124.000 145.529 151.906 123.899 112.729 125.580 27 102.905 109.794 107.934 105.705 109.664 112.757 111.050 28 101.040 107.360 105.841 103.155 106.974 109.887 109.425 29 96.223 97.480 100.266 93.135 96.975 100.062 99.749 30 108.190 122.087 114.120 118.093 121.879 124.529 123.846 31 113.410 117.721 116.080 116.769 117.169 118.665 118.282 1. Includes petroleum and mineral exploration. 2. 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. 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. Excludes software “embedded,” or bundled, in computers and other equipment. 6. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 17. 7. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, brokers’ commissions on the sale of residential structures and adjoining land, and other ownership transfer costs. 8. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. 9. Excludes net purchases of used structures and brokers’ commissions and other ownership transfer costs. Private fixed investment..... Nonresidential ............................. Structures ................................ Commercial and health care Manufacturing ....................... Power and communication .... Mining exploration, shafts, and wells 1 ........................ Other structures 2 ................. Equipment ............................... Information processing equipment ......................... Computers and peripheral equipment ..................... Other 3 .............................. Industrial equipment ............. Transportation equipment ..... Other equipment 4 ................ Intellectual property products Software 5 ............................. Research and development 6 Entertainment, literary, and artistic originals................. Residential................................... Structures ................................ Permanent site...................... Single family ..................... Multifamily ......................... Other structures 7 ................. Equipment ............................... Addenda: Private fixed investment in structures .............................. Private fixed investment in new structures .............................. Nonresidential structures 8 ... Residential structures 9 ........ Private fixed investment in information processing equipment and software ....... 1 2 3 4 5 6 2013 7 101.132 105.690 101.086 102.931 105.625 106.688 107.515 8 100.778 104.289 101.686 102.748 103.597 104.537 106.273 9 100.187 100.549 100.673 100.601 100.500 100.578 100.520 10 96.235 94.863 95.791 95.405 94.989 94.591 94.467 11 12 13 14 15 16 17 18 90.060 98.840 105.783 96.994 101.797 103.169 98.522 109.522 89.266 97.229 106.341 98.600 103.125 104.247 98.525 112.083 89.629 98.384 106.261 98.326 102.707 103.325 97.992 110.412 89.401 97.931 106.462 98.304 102.785 103.816 98.368 111.261 89.438 97.335 106.289 98.224 103.154 104.071 98.748 111.523 89.291 96.840 106.282 98.948 103.328 104.322 98.605 112.100 88.932 96.810 106.331 98.924 103.231 104.777 98.382 113.449 19 20 21 22 23 24 25 26 99.370 101.246 101.396 100.191 99.933 100.612 102.026 94.726 99.694 106.277 106.607 104.901 105.381 100.859 107.546 91.482 99.726 102.500 102.691 101.246 101.058 100.758 103.464 94.185 99.488 104.088 104.324 102.920 103.032 100.759 105.068 93.689 99.227 105.396 105.697 104.156 104.471 100.912 106.529 91.970 99.947 106.739 107.100 104.943 105.407 100.928 108.338 90.473 100.113 108.886 109.309 107.586 108.614 100.839 110.250 89.796 27 102.541 106.751 103.405 104.744 106.098 107.229 108.931 28 103.415 106.973 104.011 105.304 106.503 107.258 108.828 29 103.784 106.911 104.205 105.225 106.551 107.365 108.503 30 102.976 107.094 103.809 105.442 106.491 107.176 109.267 31 97.342 96.651 96.856 96.847 96.825 96.552 96.379 1. Includes petroleum and mineral exploration. 2. 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. 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. Excludes software “embedded,” or bundled, in computers and other equipment. 6. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 17. 7. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, brokers’ commissions on the sale of residential structures and adjoining land, and other ownership transfer costs. 8. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. 9. Excludes net purchases of used structures and brokers’ commissions and other ownership transfer costs. SURVEY OF CURRENT BUSINESS February 2014 D–47 Table 5.3.5. Private Fixed Investment by Type Table 5.3.6. Real Private Fixed Investment by Type, Chained Dollars [Billions of dollars] [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates Line 2012 2013 2012 IV Private fixed investment .... Nonresidential ............................ Structures ............................... Commercial and health care Manufacturing....................... Power and communication ... Mining exploration, shafts, and wells 1........................ Other structures 2 ................. Equipment ............................... Information processing equipment......................... Computers and peripheral equipment .................... Other 3.............................. Industrial equipment ............. Transportation equipment ..... Other equipment 4 ................ Intellectual property products Software 5 ............................ Research and development 6 Entertainment, literary, and artistic originals ................ Residential .................................. Structures ............................... Permanent site ..................... Single family ..................... Multifamily ........................ Other structures 7 ................. Equipment ............................... Addenda: Private fixed investment in structures.............................. Private fixed investment in new structures.............................. Nonresidential structures 8 ... Residential structures 9 ........ Private fixed investment in information processing equipment and software ....... Line 2013 I II III 2012 2013 IV IV 1 2,409.1 2,561.4 2,486.9 2,491.7 2,543.8 2,593.2 2,616.9 2 1,970.0 2,045.0 2,018.2 2,001.4 2,030.6 2,060.5 2,087.4 3 437.3 456.6 457.8 429.1 452.6 470.7 474.2 4 103.2 109.7 105.1 105.9 105.3 110.6 117.1 5 45.8 48.9 48.0 47.7 45.5 51.1 51.4 6 100.5 92.8 116.5 87.6 95.4 96.4 91.8 7 8 9 125.5 62.3 907.6 138.0 67.2 937.3 124.5 63.7 925.0 126.3 61.8 928.0 138.5 67.9 934.6 143.5 69.0 935.8 143.7 70.3 951.0 10 284.5 289.0 289.4 286.2 291.4 291.6 286.6 11 12 13 14 15 16 17 18 79.2 205.4 195.3 214.4 213.4 625.0 281.6 269.1 77.5 211.5 202.7 217.9 227.8 651.0 294.6 280.8 82.5 206.9 199.6 215.7 220.3 635.4 287.3 273.4 78.8 207.5 200.1 211.5 230.2 644.3 293.7 275.2 75.7 215.7 199.3 214.7 229.2 643.5 290.4 277.4 76.0 215.6 206.6 217.8 219.7 654.1 296.0 282.3 79.6 207.0 204.7 227.8 231.9 662.2 298.1 288.1 19 20 21 22 23 24 25 26 74.3 439.2 430.2 154.2 132.0 22.2 275.9 9.0 75.7 516.4 507.1 200.4 168.2 32.2 306.7 9.3 74.7 468.8 459.7 174.3 148.0 26.4 285.3 9.1 75.3 490.3 481.0 189.5 160.5 29.0 291.4 9.3 75.6 513.2 503.9 199.2 167.6 31.5 304.7 9.3 75.8 532.6 523.2 203.3 170.7 32.6 319.9 9.4 76.0 529.6 520.2 209.5 173.8 35.7 310.7 9.4 27 867.5 963.7 917.4 910.1 956.4 993.9 994.4 28 29 30 763.6 437.4 326.2 839.4 456.6 382.8 804.4 457.7 346.8 793.8 429.3 364.5 832.5 452.6 379.9 861.3 470.6 390.7 870.2 474.1 396.1 31 566.2 583.5 576.6 580.0 581.8 587.6 584.7 1. Includes petroleum and mineral exploration. 2. 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. 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. Excludes software “embedded,” or bundled, in computers and other equipment. 6. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 17. 7. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, brokers’ commissions on the sale of residential structures and adjoining land, and other ownership transfer costs. 8. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. 9. Excludes net purchases of used structures and brokers’ commissions and other ownership transfer costs. 2012 Private fixed investment..... Nonresidential ............................. Structures ................................ Commercial and health care Manufacturing ....................... Power and communication .... Mining exploration, shafts, and wells 1 ........................ Other structures 2 ................. Equipment ............................... Information processing equipment ......................... Computers and peripheral equipment 3 .................. Other 4 .............................. Industrial equipment ............. Transpor tation equipment ..... Other equipment 5 ................ Intellectual property products Software 6 ............................. Research and development 7 Entertainment, literary, and artistic originals................. Residential................................... Structures ................................ Permanent site...................... Single family ..................... Multifamily ......................... Other structures 8 ................. Equipment ............................... Residual ........................................ Addenda: Private fixed investment in structures .............................. Private fixed investment in new structures .............................. Nonresidential structures 9 ... Residential structures 10 ....... Private fixed investment in information processing equipment and software ....... 2013 I II III IV 1 2,365.3 2,468.0 2,429.1 2,420.0 2,458.4 2,494.0 2,499.6 2 1,931.8 1,982.1 1,971.9 1,949.0 1,971.3 1,994.7 2,013.5 3 421.6 427.0 439.4 407.9 424.8 438.4 437.0 4 102.3 105.7 103.5 103.3 102.0 106.3 111.1 5 45.0 47.0 47.0 46.4 44.0 49.1 48.4 6 88.0 80.2 101.6 76.2 82.6 83.2 78.9 7 8 9 124.1 61.9 905.9 130.5 64.4 932.2 123.1 62.7 918.8 122.6 60.1 922.5 131.1 65.5 929.9 134.5 66.0 930.4 133.6 66.1 946.1 10 295.7 304.6 302.1 300.0 306.8 308.3 303.4 11 ............. ............. ............. ............. ............. ............. ............. 12 207.8 217.5 210.3 211.8 221.6 222.7 213.9 13 184.6 190.6 187.8 188.0 187.5 194.4 192.5 14 221.0 221.0 219.4 215.1 218.5 220.1 230.2 15 209.7 220.9 214.5 224.0 222.2 212.7 224.7 16 605.8 624.5 614.9 620.6 618.3 627.0 632.0 17 285.9 299.0 293.1 298.6 294.1 300.2 302.9 18 245.7 250.5 247.6 247.4 248.8 251.9 254.0 19 20 21 22 23 24 25 26 27 74.8 433.7 424.2 154.0 132.1 22.1 270.4 9.5 –7.5 75.9 486.0 475.7 191.1 159.6 31.9 285.2 10.2 –8.9 74.9 457.5 447.8 172.3 146.4 26.2 275.8 9.7 –6.5 75.7 471.2 461.2 184.3 155.8 28.8 277.4 9.9 –9.2 76.2 487.1 476.9 191.4 160.5 31.2 286.1 10.1 –8.3 75.8 499.2 488.7 193.9 162.0 32.3 295.3 10.4 –8.0 75.9 486.5 476.1 194.8 160.0 35.4 281.9 10.4 –9.8 28 846.0 902.7 887.4 869.0 901.6 927.0 913.0 29 30 31 738.4 421.4 316.8 784.5 426.9 357.5 773.4 439.1 334.1 753.8 407.9 345.8 781.7 424.7 356.8 803.0 438.2 364.6 799.6 436.9 362.6 32 581.6 603.7 595.3 598.9 600.9 608.6 606.6 1. Includes petroleum and mineral exploration. 2. 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. 3. 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. 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. Excludes software “embedded,” or bundled, in computers and other equipment. 7. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 17. 8. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, brokers’ commissions on the sale of residential structures and adjoining land, and other ownership transfer costs. 9. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. 10. Excludes net purchases of used structures and brokers’ commissions and other ownership transfer costs. NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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–48 National Data February 2014 Table 5.7.5B. Change in Private Inventories by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 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...................................................................................................................... Addenda: Change in private inventories............................................................................................. Durable goods industries ............................................................................................... Nondurable goods industries ......................................................................................... Nonfarm industries ............................................................................................................. Nonfarm change in book value 1.................................................................................... Nonfarm inventory valuation adjustment 2 ..................................................................... Wholesale trade ................................................................................................................. Merchant wholesale trade .............................................................................................. Durable goods industries ........................................................................................... Nondurable goods industries ..................................................................................... Nonmerchant wholesale trade ....................................................................................... 2013 I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 66.1 –11.7 7.7 11.1 14.2 –3.1 22.4 22.5 –0.1 29.1 22.5 0.4 1.0 5.2 7.6 110.5 40.7 –1.4 14.1 13.0 1.1 27.4 14.6 12.7 28.7 15.5 1.3 4.0 8.0 1.1 13.0 –15.6 –2.2 –15.0 3.4 –18.3 11.3 15.6 –4.4 27.2 15.0 0.4 6.0 5.7 7.3 63.4 38.9 –11.1 6.7 5.9 0.8 11.2 12.1 –0.9 18.9 6.5 0.9 6.2 5.3 –1.1 77.2 40.4 0.5 12.4 8.7 3.7 3.0 6.1 –3.1 21.3 15.8 1.0 1.0 3.6 –0.4 144.8 44.5 10.0 20.6 18.7 1.9 32.1 23.6 8.6 34.1 15.2 0.3 5.3 13.3 3.3 156.7 38.9 –4.9 16.7 18.7 –1.9 63.1 16.7 46.3 40.5 24.4 2.8 3.4 9.9 2.5 16 17 18 19 20 21 22 23 24 25 26 66.1 64.6 1.5 77.8 92.8 –15.0 22.4 20.0 19.6 0.4 2.3 110.5 45.0 65.5 69.9 69.4 0.5 27.4 26.9 14.1 12.8 0.5 13.0 39.3 –26.3 28.6 61.7 –33.1 11.3 15.2 15.0 0.2 –3.9 63.4 22.0 41.4 24.5 49.6 –25.0 11.2 16.5 17.2 –0.7 –5.4 77.2 30.7 46.6 36.9 34.7 2.2 3.0 –2.6 4.6 –7.2 5.6 144.8 63.7 81.1 100.3 84.4 15.8 32.1 32.9 20.5 12.4 –0.7 156.7 63.8 92.9 117.8 108.8 9.1 63.1 60.7 14.0 46.7 2.3 1. This series is derived from the Census Bureau series “current cost inventories.” 2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business incomes. The IVA in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) under lying inventories derived primarily from Census Bureau statistics (see footnote 1). This mix differs from that underlying business income derived primarily from Internal Revenue Service statistics. NOTE. Estimates in this table are based on the Nor th American Industry Classification System (NAICS). Table 5.7.6B. Change in Real Private Inventories by Industry, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 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 ....................................................................................... 2013 I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 57.6 –7.2 7.0 9.8 13.0 –2.3 19.1 20.9 –0.1 26.7 20.7 0.3 0.9 4.9 6.9 –7.4 85.4 19.8 –1.2 12.4 12.0 1.0 23.9 13.6 10.4 26.2 14.3 1.1 3.6 7.4 1.0 2.4 7.3 –9.6 –2.5 –17.5 3.1 –18.9 9.7 14.5 –3.2 24.7 13.7 0.4 5.5 5.3 6.6 –7.6 42.2 16.0 –9.8 6.1 5.4 0.9 9.7 11.2 –0.5 17.2 6.0 0.8 5.7 4.9 –0.9 2.5 56.6 19.5 0.5 10.9 8.0 3.1 2.7 5.7 –2.3 19.5 14.6 0.9 0.9 3.4 –0.4 2.7 115.7 22.8 8.8 18.0 17.3 1.6 28.6 22.0 7.6 31.1 14.1 0.3 4.8 12.2 3.0 1.2 127.2 20.9 –4.4 14.4 17.2 –1.6 54.6 15.6 36.9 36.8 22.4 2.4 3.1 9.0 2.2 3.5 17 18 19 20 21 22 23 24 25 57.6 59.8 2.3 68.7 19.1 17.3 18.2 0.3 1.9 85.4 41.8 44.3 62.0 23.9 23.7 13.1 10.7 0.4 7.3 36.3 –24.5 20.3 9.7 13.2 13.9 0.3 –3.1 42.2 20.4 22.1 22.2 9.7 14.3 15.9 –0.4 –4.3 56.6 28.5 28.6 32.7 2.7 –2.2 4.4 –5.6 4.6 115.7 59.4 57.7 89.2 28.6 29.5 19.1 10.7 –0.6 127.2 59.1 68.7 103.8 54.6 53.3 13.0 37.9 1.9 NOTE. Estimates in this table are based on the Nor th American Industry Classification System (NAICS). Chained (2009) dollar series for real change in private inventories are calculated as the period-to-period change in chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. February 2014 SURVEY OF CURRENT BUSINESS D–49 Table 5.8.5B. Private Inventories and Domestic Final Sales by Industry [Billions of dollars] Seasonally adjusted quarterly totals Line 2012 2013 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 ....................................................................................... Final sales of domestic business 2 ............................................................................ Final sales of goods and structures of domestic business 2 .................................. 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 ........................................... I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 2,388.3 241.3 94.5 723.3 412.7 310.6 635.9 344.0 292.0 529.0 155.6 49.0 89.8 234.6 164.4 2,405.2 241.8 92.8 733.6 415.0 318.6 638.1 346.5 291.7 534.2 157.0 49.3 91.3 236.6 164.6 2,410.8 249.2 95.9 727.7 414.1 313.5 635.3 345.4 289.9 538.9 160.3 49.9 91.8 236.9 163.8 2,435.8 250.8 95.6 736.4 419.7 316.7 639.9 352.0 287.9 547.4 164.0 50.0 92.7 240.6 165.7 2,459.5 248.2 94.6 739.0 426.1 312.9 653.0 357.6 295.4 558.1 171.5 50.4 93.5 242.7 166.5 16 17 18 19 20 21 22 23 24 25 26 2,388.3 1,001.8 1,386.5 2,147.0 635.9 522.9 293.2 229.7 113.1 929.9 509.5 2,405.2 1,007.6 1,397.7 2,163.4 638.1 526.4 297.0 229.4 111.7 934.8 510.2 2,410.8 1,008.7 1,402.1 2,161.6 635.3 523.3 295.9 227.4 112.0 943.7 515.6 2,435.8 1,026.4 1,409.4 2,184.9 639.9 527.1 301.6 225.4 112.8 957.3 526.5 2,459.5 1,047.1 1,412.4 2,211.3 653.0 540.2 306.4 233.8 112.9 971.5 535.1 27 28 29 2.57 2.31 4.21 2.57 2.31 4.24 2.55 2.29 4.19 2.54 2.28 4.15 2.53 2.28 4.13 1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in private inventories component of 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 imputed rental of owner-occupied nonfarm housing. It includes a small amount of final sales by farm and by government enterprises. NOTE. Estimates in this table are based on the Nor th American Industry Classification System (NAICS). Table 5.8.6B. Real Private Inventories and Real Domestic Final Sales by Industry, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted quarterly totals Line 2012 2013 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...................................................................................................................... Residual ................................................................................................................................. Addenda: Private inventories.............................................................................................................. Durable goods industries ............................................................................................... Nondurable goods industries ......................................................................................... Nonfarm industries ............................................................................................................. Wholesale trade ................................................................................................................. Merchant wholesale trade .............................................................................................. Durable goods industries ........................................................................................... Nondurable goods industries ..................................................................................... Nonmerchant wholesale trade ....................................................................................... Final sales of domestic business 2 ............................................................................ Final sales of goods and structures of domestic business 2 .................................. 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 ........................................... I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 2,032.8 157.7 85.0 626.8 378.9 250.0 538.9 318.4 224.2 481.8 143.3 42.3 82.0 214.3 147.7 –11.0 2,043.3 161.8 82.6 628.3 380.2 250.2 541.3 321.2 224.1 486.1 144.8 42.5 83.5 215.6 147.5 –10.7 2,057.5 166.6 82.7 631.1 382.2 251.0 542.0 322.6 223.5 491.0 148.4 42.7 83.7 216.4 147.4 –9.7 2,086.4 172.3 84.9 635.6 386.6 251.4 549.2 328.1 225.4 498.7 151.9 42.8 84.9 219.4 148.2 –9.5 2,118.2 177.5 83.8 639.2 390.8 251.0 562.8 332.0 234.6 507.9 157.5 43.4 85.7 221.7 148.7 –8.5 17 18 19 20 21 22 23 24 25 26 27 2,032.8 926.7 1,113.6 1,881.1 538.9 447.3 271.2 178.8 91.3 883.8 493.3 2,043.3 931.8 1,119.2 1,886.6 541.3 450.9 275.2 178.7 90.3 885.4 493.3 2,057.5 938.9 1,126.3 1,894.8 542.0 450.4 276.2 177.3 91.4 892.5 498.6 2,086.4 953.8 1,140.7 1,917.1 549.2 457.7 281.0 179.9 91.3 900.8 506.3 2,118.2 968.5 1,157.9 1,943.0 562.8 471.0 284.3 189.4 91.8 912.2 514.1 28 29 30 2.30 2.13 3.81 2.31 2.13 3.82 2.31 2.12 3.80 2.32 2.13 3.79 2.32 2.13 3.78 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. Quar terly 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 imputed rental of owner-occupied nonfarm housing. It includes a small amount of final sales by farm and by government enterprises. NOTE. Estimates in this table are based on the Nor th American Industry Classification System (NAICS). Chained (2009) dollar inventory series are calculated to ensure that the chained (2009) dollar change in inventories for 2009 equals the current-dollar change in inventories for 2009 and that the average of the 2008 and 2009 end-of-year chain-weighted and fixed-weighted inventories are equal. D–50 National Data February 2014 Table 5.8.9B. Implicit Price Deflators for Private Inventories by Industry [Index numbers, 2009=100] Seasonally adjusted Line 2012 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 ....................................................................................... 2013 I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 117.491 152.965 111.083 115.392 108.923 124.266 118.002 108.030 130.226 109.792 108.638 115.686 109.427 109.450 111.283 117.711 149.496 112.419 116.758 109.145 127.358 117.881 107.874 130.156 109.891 108.458 115.982 109.360 109.759 111.624 117.171 149.570 115.964 115.308 108.345 124.930 117.204 107.049 129.705 109.773 108.024 116.856 109.693 109.485 111.126 116.744 145.570 112.643 115.859 108.571 125.977 116.528 107.269 127.743 109.747 107.953 116.960 109.231 109.635 111.824 116.111 139.814 112.850 115.616 109.011 124.678 116.033 107.705 125.921 109.879 108.878 116.195 109.153 109.466 111.980 16 17 18 19 20 21 22 23 24 117.491 108.106 124.506 114.140 118.002 116.882 108.115 128.482 123.789 117.711 108.130 124.886 114.672 117.881 116.745 107.943 128.401 123.745 117.171 107.429 124.486 114.081 117.204 116.192 107.116 128.282 122.455 116.744 107.614 123.551 113.972 116.528 115.152 107.335 125.297 123.586 116.111 108.108 121.980 113.805 116.033 114.677 107.779 123.425 122.985 1. Implicit price deflators are as of the end of the quarter and are consistent with inventory stocks. NOTE. Estimates in this table are based on the Nor th American Industry Classification System (NAICS). SURVEY OF CURRENT BUSINESS February 2014 D–51 6. Income and Employment by Industry Table 6.1D. National Income Without Capital Consumption Adjustment by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV National income without capital consumption adjustment ................................... Domestic industries ............................................................................................................... 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 ................................................................................. Government ........................................................................................................................ Rest of the world .................................................................................................................... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 14,016.0 13,763.2 12,070.5 159.4 254.5 202.0 586.9 1,561.5 879.7 681.8 852.8 959.0 423.7 487.2 2,312.8 1,920.3 1,396.9 554.5 399.0 1,692.7 252.8 ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 14,251.4 13,994.4 12,303.9 159.8 261.4 199.6 604.4 1,574.8 882.8 692.0 874.3 977.9 421.8 476.2 2,366.3 2,006.8 1,413.1 562.6 404.8 1,690.5 257.0 2013 I 14,354.5 14,117.1 12,432.9 226.4 247.6 209.1 618.2 1,568.1 878.8 689.2 870.0 971.4 434.0 496.0 2,418.9 1,973.6 1,423.7 569.7 406.1 1,684.3 237.4 II III 14,495.5 14,248.7 12,568.6 220.3 254.3 216.5 629.0 1,558.9 888.1 670.1 874.4 995.8 436.3 507.2 2,448.1 2,004.7 1,438.9 577.1 409.7 1,680.1 246.8 14,643.3 14,380.3 12,705.2 225.2 256.4 221.2 639.1 1,577.7 910.1 667.6 884.0 1,000.2 443.6 497.5 2,521.0 2,004.0 1,439.2 585.2 410.8 1,675.1 262.9 IV .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... 1. Consists of professional, scientific, and technical services; management of companies and enterprises; and administrative and waste management services. NOTE. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS). Table 6.16D. Corporate Profits by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Corporate profits with inventory valuation and capital consumption adjustments Domestic industries ............................................................................................................... Financial 1 ............................................................................................................................ Nonfinancial ......................................................................................................................... Rest of the world .................................................................................................................... Receipts from the rest of the world ...................................................................................... Less: Payments to the rest of the world ............................................................................... Corporate profits with inventory valuation adjustment.............................................. Domestic industries ............................................................................................................... Financial............................................................................................................................... Federal Reserve banks .................................................................................................... Other financial 2 ............................................................................................................... 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 nonfinancial 5 ......................................................................................................... Rest of the world .................................................................................................................... 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 2,009.5 1,590.5 422.0 1,168.5 418.9 665.9 247.0 2,180.0 1,761.1 477.4 71.7 405.7 1,283.7 37.1 404.3 197.0 24.3 33.5 39.5 10.3 12.1 77.3 207.3 49.7 60.0 65.3 32.4 137.8 149.2 51.5 110.6 393.2 418.9 ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 2,047.2 1,629.1 435.8 1,193.4 418.1 677.2 259.1 2,221.1 1,803.0 492.1 73.3 418.7 1,310.9 33.6 410.1 195.3 23.7 29.5 36.6 12.2 13.4 79.8 214.8 48.0 69.1 64.0 33.6 144.4 159.0 47.1 102.5 414.2 418.1 2013 I 2,020.6 1,622.1 431.7 1,190.3 398.5 657.5 259.0 2,180.0 1,781.5 486.9 70.0 416.9 1,294.6 38.3 389.7 186.7 23.5 24.6 35.1 10.8 9.9 82.7 203.0 49.3 57.4 63.4 32.9 150.2 148.9 54.5 124.2 388.9 398.5 II III 2,087.4 1,684.3 456.2 1,228.1 403.1 658.7 255.6 2,248.6 1,845.5 511.9 82.1 429.8 1,333.6 47.2 381.8 195.4 24.6 31.0 36.7 9.6 14.5 79.0 186.4 57.2 27.1 66.1 36.0 151.1 169.9 57.6 131.8 394.2 403.1 2,126.6 1,706.8 465.9 1,240.8 419.8 667.0 247.2 2,288.2 1,868.4 521.6 90.4 431.2 1,346.8 50.2 392.4 212.3 23.9 30.4 39.3 13.5 15.0 90.2 180.0 65.8 18.2 59.4 36.5 154.7 166.0 61.3 118.3 403.9 419.8 IV ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... ................... 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 suppor t activities; and plastics and rubber products. 5. Consists of agriculture, forestry, fishing, and hunting; mining; construction; real estate and rental and leasing; professional, scientific, and technical services; administrative and waste management services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services, except government. NOTE. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS). National Data D–52 February 2014 7. Supplemental Tables Table 7.1. Selected Per Capita Product and Income Series in Current and Chained Dollars [Dollars] Seasonally adjusted at annual rates Line 2012 2013 2012 IV Current dollars: Gross domestic product ............................................................................................. Gross national product ............................................................................................... Personal income......................................................................................................... Disposable personal income ...................................................................................... Personal consumption expenditures .......................................................................... Goods .................................................................................................................... Durable goods .................................................................................................... Nondurable goods.............................................................................................. Services ................................................................................................................. Chained (2009) dollars: Gross domestic product ............................................................................................. Gross national product ............................................................................................... Disposable personal income ...................................................................................... Personal consumption expenditures .......................................................................... Goods .................................................................................................................... Durable goods.................................................................................................... Nondurable goods.............................................................................................. Services ................................................................................................................. Population (midperiod, thousands)................................................................................. 2013 I II III IV 1 2 3 4 5 6 7 8 9 51,689 53,086 52,493 ..................... 43,731 44,652 38,965 39,410 35,477 36,330 11,995 12,286 3,827 3,997 8,168 8,289 23,482 24,044 52,101 52,917 44,654 39,727 35,809 12,140 3,905 8,235 23,668 52,382 53,134 44,115 38,955 36,048 12,202 3,943 8,258 23,846 52,690 53,471 44,548 39,270 36,138 12,171 3,977 8,194 23,967 53,385 53,881 54,215 ..................... 44,904 45,039 39,672 39,741 36,418 36,713 12,351 12,421 4,021 4,047 8,329 8,374 24,068 24,292 10 11 12 13 14 15 16 17 18 49,226 49,813 49,934 ..................... 36,756 36,767 33,466 33,894 11,245 11,576 3,967 4,220 7,308 7,406 22,218 22,316 314,278 316,524 49,307 50,021 37,260 33,585 11,357 4,078 7,319 22,226 315,162 49,368 50,020 36,438 33,719 11,442 4,129 7,356 22,274 315,671 49,587 50,264 36,743 33,813 11,510 4,185 7,374 22,300 316,206 49,996 50,300 50,716 ..................... 36,943 36,943 33,914 34,129 11,616 11,734 4,257 4,310 7,413 7,480 22,296 22,394 316,810 317,409 Table 7.2.1B. Percent Change from Preceding Period in Real Motor Vehicle Output [Percent] Seasonally adjusted at annual rates Line 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 ............................................................................................................... Expor ts................................................................................................................... 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 ................................................................................... 2012 2013 2012 2013 IV I II III IV 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 13.2 23.5 8.4 9.0 8.4 12.0 16.8 9.1 1.0 –1.7 3.4 21.5 13.3 20.1 9.2 7.0 15.0 –2.4 –3.0 –1.9 2.5 –14.7 6.8 ..................... 8.4 14.2 2.5 18.1 19.2 16.6 ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... 3.6 –3.5 7.4 4.6 5.7 4.0 0.3 6.5 9.7 4.1 14.6 2.4 8.7 7.4 9.5 14.0 –1.5 23.9 6.2 40.3 12.2 –2.2 15.1 ..................... 3.2 6.9 –0.9 5.1 10.7 –2.9 ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... –2.8 –3.4 –2.4 8.4 17.2 11.2 13.1 9.9 32.0 27.7 35.9 –10.8 14.6 33.1 3.9 16.6 –23.5 105.7 71.8 139.6 –44.4 –28.2 –47.0 ..................... 5.8 30.3 –16.7 –2.6 10.1 –18.3 ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... 9.2 7.2 10.3 15.3 5.5 2.3 –4.1 6.6 12.9 2.3 22.7 2.5 13.4 6.2 18.5 27.7 –4.5 39.9 12.7 65.3 17.5 –26.0 28.2 ..................... 8.6 1.6 17.4 –16.5 –1.4 –35.8 ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... 12.1 –14.4 28.1 –3.7 –1.0 0.4 –12.2 9.1 –4.1 –8.7 –0.1 15.7 8.3 –1.0 14.8 7.6 38.6 –5.1 –18.6 5.9 38.0 –0.6 45.8 ..................... 17.9 20.3 15.3 38.4 44.5 28.8 ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... –12.9 –29.3 –4.4 –6.2 5.3 4.5 7.4 2.7 7.4 13.2 2.9 –0.5 2.0 8.2 –1.7 –0.1 –6.0 7.4 12.7 3.9 –6.3 34.2 –11.7 ..................... –8.4 –2.6 –14.7 23.2 8.9 50.8 ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... 17.8 39.2 9.4 2.1 –0.8 1.9 13.5 –4.6 –6.7 –12.7 –1.6 1.9 4.5 –3.1 9.5 8.0 14.1 9.9 –4.9 21.3 24.7 10.3 27.3 ..................... –13.0 –1.1 –25.8 –7.9 –5.5 –11.5 ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ..................... 42 43 44 45 11.9 12.9 33.2 9.1 4.9 10.8 3.1 4.2 5.0 24.2 –3.1 30.4 4.9 17.1 11.9 –8.6 5.0 3.5 –9.5 9.1 3.1 3.6 –10.2 12.5 0.8 2.8 21.0 6.4 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 sales of imported new autos in personal consumption expenditures, in private fixed investment, and in gross government investment. SURVEY OF CURRENT BUSINESS February 2014 D–53 Table 7.2.3B. Real Motor Vehicle Output, Quantity Indexes Table 7.2.4B. Price Indexes for Motor Vehicle Output [Index numbers, 2009=100] [Index numbers, 2009=100] Seasonally adjusted Seasonally adjusted Line 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.............................. Expor ts ................................. 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 Line 2012 2013 2012 2013 IV I II III IV 162.380 153.382 167.884 143.104 168.236 147.962 180.238 149.648 162.190 153.002 167.810 146.411 165.810 155.672 171.985 151.714 170.616 149.729 182.978 150.283 164.819 137.308 180.937 147.912 171.697 149.138 185.051 148.681 5 115.650 122.281 120.174 121.780 121.469 123.061 122.814 6 133.966 139.357 137.558 138.326 138.465 139.981 140.658 7 126.011 126.356 128.614 127.283 123.224 125.447 129.471 8 139.945 149.087 144.284 146.601 149.828 150.832 149.086 9 10 11 12 13 14 15 87.779 96.275 93.699 96.585 96.360 100.325 100.762 101.334 81.303 430.713 179.767 163.903 191.965 93.205 441.013 195.380 175.974 210.293 88.354 426.180 185.504 172.311 195.682 92.989 428.824 191.441 174.924 204.155 95.586 97.300 99.042 102.165 92.957 444.756 195.315 174.472 211.322 93.630 444.193 196.299 177.952 210.424 95.631 98.761 93.243 446.278 198.465 176.548 215.271 16 188.940 215.376 198.900 211.428 215.346 215.276 219.456 17 199.978 197.038 187.293 185.126 200.870 197.768 204.387 18 19 72.614 78.975 89.997 83.852 82.327 83.569 89.533 86.106 88.372 81.799 89.966 84.273 92.119 83.232 20 67.579 94.844 81.338 92.232 93.556 94.454 99.134 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 92.267 79.227 95.416 ............. 175.860 182.596 168.811 177.308 174.775 180.827 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 103.517 77.465 109.836 ............. 181.543 195.160 167.358 186.382 193.502 175.557 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 92.993 80.042 96.129 ............. 175.807 188.489 162.571 179.420 179.767 178.673 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 96.820 74.236 102.283 ............. 179.463 189.254 169.214 171.508 179.143 159.944 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 104.930 74.118 112.395 ............. 187.024 198.186 175.353 186.022 196.396 170.377 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 103.231 79.767 108.941 ............. 182.977 196.877 168.497 195.984 200.638 188.803 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 109.090 81.738 115.725 ............. 176.709 196.324 156.370 192.014 197.831 183.104 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 42 148.806 156.119 152.188 154.030 155.910 157.104 157.431 43 176.025 195.076 185.172 192.613 194.292 196.030 197.370 44 185.904 191.753 190.192 195.615 190.804 185.760 194.833 45 135.201 140.888 139.079 135.999 138.992 143.160 145.403 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 sales of imported new autos in personal consumption expenditures, in private fixed investment, and in gross government investment. 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 ............................... Impor ts.................................. 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 2012 2013 2012 2013 IV I II III IV 108.896 106.840 109.919 108.639 110.354 107.050 111.994 110.093 109.248 106.778 110.493 108.978 109.475 107.240 110.592 109.239 110.221 107.370 111.656 109.950 110.850 107.101 112.706 110.596 110.871 106.489 113.021 110.589 5 110.793 111.526 110.787 111.109 111.541 111.656 111.796 6 106.740 108.040 107.254 107.442 108.068 108.460 108.188 7 105.444 105.994 105.752 106.222 106.207 106.020 105.529 8 107.631 109.387 108.267 108.268 109.301 110.056 109.924 9 117.835 117.129 116.517 117.153 117.112 116.560 117.692 10 117.794 116.683 117.324 117.729 116.425 115.597 116.980 11 12 13 14 15 117.949 91.508 106.470 105.287 107.329 117.525 92.996 107.622 105.823 108.880 115.896 92.924 106.948 105.581 107.930 116.725 92.783 107.159 106.048 107.968 117.702 92.604 107.596 106.037 108.698 117.372 93.389 107.915 105.849 109.347 118.302 93.208 107.819 105.359 109.507 16 107.491 109.258 108.141 108.142 109.169 109.927 109.795 17 106.864 107.821 107.356 107.500 107.373 107.714 108.697 18 118.098 117.779 115.737 116.804 118.704 117.730 117.879 19 117.897 117.605 115.529 116.558 118.473 117.590 117.798 20 118.265 117.932 115.910 117.007 118.896 117.859 117.966 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 105.017 99.666 106.341 ............. 104.628 102.833 106.566 102.997 104.231 101.351 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 106.536 101.181 107.809 ............. 105.650 102.845 108.832 103.071 104.550 101.037 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 105.823 99.741 107.292 ............. 104.615 102.195 107.321 103.741 105.101 101.875 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 106.478 103.658 107.302 ............. 105.370 102.705 108.380 103.976 105.493 101.872 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 106.179 101.371 107.352 ............. 105.416 102.728 108.453 102.872 104.115 101.211 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 106.467 99.998 107.935 ............. 105.706 102.722 109.113 102.566 103.994 100.609 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 107.021 99.696 108.648 ............. 106.109 103.226 109.381 102.870 104.596 100.455 ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. ............. 42 107.368 108.422 107.894 108.075 108.280 108.644 108.689 43 106.393 107.585 106.874 107.097 107.637 107.952 107.653 44 103.393 103.715 103.439 103.897 103.822 103.540 103.602 45 105.393 105.945 105.705 106.172 106.158 105.970 105.480 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 sales of imported new autos in personal consumption expenditures, in private fixed investment, and in gross government investment. National Data D–54 February 2014 Table 7.2.5B. Motor Vehicle Output Table 7.2.6B. Real Motor Vehicle Output, Chained Dollars [Billions of dollars] [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates Line 2012 2013 2012 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 impor ted new autos 3 Line 2013 II III IV 1 2 3 4 436.1 150.8 285.3 419.8 457.9 145.7 312.2 444.9 437.0 150.3 286.6 430.9 447.8 153.6 294.2 447.5 I 463.7 147.9 315.8 446.2 450.6 135.3 315.3 441.7 469.4 146.1 323.3 444.0 5 6 7 339.9 236.8 94.6 361.8 249.4 95.3 353.2 244.3 96.8 358.9 246.1 96.2 359.4 247.8 93.1 364.5 251.4 94.7 364.2 252.0 97.2 8 142.3 154.0 147.5 149.9 154.7 156.8 154.8 9 10 103.1 48.4 112.4 49.9 108.8 50.4 112.8 50.9 111.6 49.2 113.1 50.4 112.2 49.3 11 12 13 14 15 54.7 159.7 226.3 89.2 137.1 62.5 166.2 248.7 96.3 152.4 58.4 160.4 234.6 94.1 140.5 61.9 161.2 242.6 95.9 146.7 62.4 166.9 248.5 95.7 152.8 62.7 168.1 250.5 97.4 153.1 62.9 168.5 253.0 96.2 156.9 16 17 97.7 39.4 113.2 39.2 103.4 37.1 110.0 36.7 113.1 39.8 113.8 39.3 115.9 41.0 18 19 –66.7 –32.0 –82.5 –33.9 –74.2 –33.2 –81.4 –34.5 –81.6 –33.4 –82.4 –34.1 –84.5 –33.7 20 –34.6 –48.6 –40.9 –46.9 –48.3 –48.3 –50.8 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 17.0 2.8 14.2 –96.7 73.6 39.1 34.4 170.3 100.2 70.1 16.2 8.8 8.7 6.7 2.0 0.1 7.4 8.8 7.7 1.1 –1.3 19.3 2.8 16.5 –102.4 76.7 41.8 34.9 179.0 111.2 67.8 13.0 4.7 5.7 4.2 1.5 –1.0 8.3 3.7 3.5 0.2 4.6 17.2 2.8 14.4 –100.0 73.5 40.1 33.4 173.5 103.9 69.6 6.1 3.1 2.8 3.4 –0.6 0.3 3.0 1.0 1.9 –0.9 1.9 18.1 2.7 15.3 –90.6 75.6 40.5 35.1 166.2 103.9 62.3 0.3 5.7 5.8 4.4 1.4 0.0 –5.5 –9.6 –9.1 –0.5 4.1 19.5 2.7 16.8 –99.6 78.8 42.4 36.4 178.4 112.4 66.0 17.5 10.6 12.8 6.3 6.5 –2.2 7.0 2.8 1.3 1.6 4.1 19.2 2.8 16.4 –110.1 77.3 42.1 35.2 187.4 114.7 72.7 8.8 –3.3 –3.3 –1.7 –1.6 0.0 12.1 7.7 8.8 –1.2 4.4 20.4 2.9 17.5 –109.2 75.0 42.2 32.7 184.1 113.8 70.4 25.4 5.8 7.7 8.0 –0.3 –1.9 19.6 13.8 13.0 0.8 5.9 42 516.6 547.2 530.9 538.2 545.8 551.8 553.2 43 44 45 186.9 115.1 105.4 209.5 119.1 110.4 197.5 117.8 108.7 205.9 121.7 106.8 208.7 118.6 109.1 211.2 115.2 112.2 212.1 120.9 113.4 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 sales of imported new autos in personal consumption expenditures, in private fixed investment, and in gross government investment. 2012 2013 2012 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 ............................... Impor ts.................................. Autos................................. Trucks ............................... Change in private inventories.... Autos......................................... New....................................... Domestic........................... Foreign.............................. Used ..................................... Trucks........................................ New....................................... Domestic........................... Foreign.............................. Used 1................................... Residual ........................................ 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 2013 III IV 1 2 3 4 400.8 141.3 259.7 386.5 415.2 136.3 278.8 404.1 400.3 140.9 259.6 395.4 409.3 143.4 266.1 409.7 I 421.1 137.9 283.1 405.8 II 406.8 126.5 279.9 399.4 423.8 137.4 286.3 401.5 5 6 7 306.8 221.9 89.7 324.4 230.8 89.9 318.8 227.8 91.5 323.1 229.1 90.6 322.2 229.3 87.7 326.5 231.8 89.3 325.8 233.0 92.2 8 132.2 140.8 136.3 138.5 141.5 142.5 140.8 9 10 87.5 41.1 95.9 42.8 93.4 43.0 96.3 43.2 95.3 42.3 97.0 43.6 95.3 42.1 11 12 13 14 15 46.3 174.5 212.6 84.8 127.7 53.1 178.7 231.0 91.0 139.9 50.4 172.6 219.4 89.1 130.2 53.0 173.7 226.4 90.5 135.8 53.0 180.2 231.0 90.2 140.6 53.4 179.9 232.1 92.0 140.0 53.1 180.8 234.7 91.3 143.2 16 17 90.9 36.9 103.6 36.3 95.7 34.5 101.7 34.1 103.6 37.0 103.6 36.5 105.6 37.7 18 19 –56.5 –27.2 –70.0 –28.8 –64.0 –28.7 –69.6 –29.6 –68.7 –28.1 –69.9 –29.0 –71.6 –28.6 20 –29.3 –41.1 –35.3 –40.0 –40.6 –40.9 –43.0 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 16.2 2.8 13.3 –95.0 70.3 38.0 32.3 165.3 96.1 69.2 15.8 8.6 8.7 6.8 2.0 0.2 7.3 8.4 7.4 1.0 –1.0 –2.1 18.1 2.8 15.3 –101.2 72.6 40.7 32.0 173.8 106.4 67.2 12.3 4.7 5.7 4.3 1.4 –0.7 7.5 3.4 3.3 0.2 4.1 –2.2 16.3 2.8 13.4 –97.0 70.3 39.3 31.1 167.3 98.8 68.4 6.1 3.2 2.8 3.5 –0.6 0.4 2.9 1.0 1.8 –0.9 1.8 –1.6 17.0 2.6 14.3 –88.2 71.7 39.4 32.4 159.9 98.5 61.2 0.3 5.7 5.7 4.4 1.3 0.1 –5.2 –9.1 –8.6 –0.5 3.7 –2.1 18.4 2.6 15.7 –98.7 74.8 41.3 33.6 173.4 108.0 65.2 16.8 10.4 12.7 6.4 6.2 –1.7 6.4 2.7 1.2 1.5 3.6 –2.7 18.1 2.8 15.2 –109.6 73.1 41.0 32.2 182.7 110.3 72.2 8.3 –3.0 –3.3 –1.8 –1.5 0.2 11.1 7.2 8.3 –1.1 4.0 –1.0 19.1 2.9 16.2 –108.4 70.6 40.9 29.9 179.0 108.8 70.0 23.9 5.8 7.6 8.0 –0.3 –1.5 17.9 12.9 12.1 0.8 5.1 –2.7 43 481.1 504.8 492.0 498.0 504.1 507.9 509.0 44 45 46 175.7 111.3 100.0 194.7 114.8 104.2 184.8 113.9 102.8 192.3 117.1 100.6 193.9 114.2 102.8 195.7 111.2 105.9 197.0 116.6 107.5 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 sales of impor ted new autos in personal consumption expenditures, in private fixed investment, and in gross government investment. NOTE. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. February 2014 SURVEY OF CURRENT BUSINESS D–55 Table 7.5. Consumption of Fixed Capital by Legal Form of Organization and Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line Consumption of fixed capital.......................................................................... Private ........................................................................................................................... Domestic business .................................................................................................. Corporate business ................................................................................................ Financial............................................................................................................. Nonfinancial ....................................................................................................... Noncorporate business .......................................................................................... Sole proprietorships and par tnerships ............................................................... Farm............................................................................................................... Nonfarm ......................................................................................................... Other private business ....................................................................................... Rental income of persons .............................................................................. Nonfarm tenant-occupied housing ............................................................. Farm tenant-occupied housing .................................................................. Farms owned by nonoperator landlords..................................................... Nonfarm nonresidential properties............................................................. Proprietors’ income ........................................................................................ Households and institutions................................................................................... Owner-occupied housing ....................................................................................... Nonprofit institutions serving households .............................................................. Government .................................................................................................................. General government .................................................................................................. Federal ................................................................................................................... State and local ....................................................................................................... Government enterprises ............................................................................................ Federal ................................................................................................................... State and local ....................................................................................................... Addendum: Nonfarm business ...................................................................................................... 2012 2013 2012 2013 IV I II III IV 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 2,542.9 2,049.3 1,639.4 1,365.7 177.5 1,188.2 273.7 233.3 26.6 206.6 40.4 37.7 35.2 0.3 0.2 1.9 2.7 409.9 292.6 117.3 493.6 434.2 255.3 178.8 59.4 6.9 52.5 2,646.6 2,141.4 1,707.4 1,422.6 184.7 1,237.8 284.8 242.6 27.2 215.3 42.3 39.5 ..................... ..................... ..................... ..................... 2.7 434.0 311.8 122.2 505.2 443.2 260.5 182.7 62.1 7.1 55.0 2,575.0 2,077.6 1,661.4 1,384.4 179.7 1,204.7 277.0 236.1 26.8 209.3 40.9 38.2 ..................... ..................... ..................... ..................... 2.7 416.2 297.2 119.0 497.4 437.3 256.7 180.6 60.2 7.0 53.2 2,603.8 2,103.3 1,680.6 1,400.4 181.9 1,218.5 280.1 238.7 26.9 211.7 41.5 38.7 ..................... ..................... ..................... ..................... 2.7 422.7 302.5 120.2 500.5 439.2 258.5 180.7 61.3 7.0 54.2 2,631.9 2,128.5 1,698.9 1,415.7 184.1 1,231.6 283.2 241.3 27.2 214.1 41.9 39.2 ..................... ..................... ..................... ..................... 2.7 429.6 308.1 121.5 503.4 441.5 259.7 181.8 61.9 7.1 54.8 2,659.6 2,153.5 1,715.8 1,429.5 185.7 1,243.8 286.3 243.7 27.3 216.5 42.5 39.8 ..................... ..................... ..................... ..................... 2.8 437.7 315.0 122.7 506.1 443.8 260.7 183.1 62.3 7.1 55.2 2,691.1 2,180.3 1,734.3 1,444.6 187.2 1,257.4 289.7 246.5 27.6 219.0 43.2 40.4 ..................... ..................... ..................... ..................... 2.8 445.9 321.7 124.3 510.9 448.0 263.0 185.0 62.8 7.2 55.6 28 1,659.9 1,729.4 1,682.3 1,702.3 1,720.8 1,737.9 1,756.5 D–56 February 2014 B. NIPA-Related Table Table B.1 presents the most recent estimates of personal income and its disposition. These estimates were released on January 31, 2014. Table B.1 Personal Income and Its Disposition [Billions of dollars; monthly estimates seasonally adjusted at annual rates] 2012 2012 2013 2013 Nov. Dec. Jan. Feb. March April May June July Aug. Sept. Oct. r Nov. r Dec. p Personal income .................................................................. 13,743.8 14,133.5 13,983.9 14,420.2 13,791.7 13,969.3 14,016.8 14,031.9 14,088.3 14,138.4 14,157.8 14,228.8 14,291.9 14,275.0 14,304.8 14,307.1 Compensation of employees ................................................. 8,611.6 8,859.4 8,777.2 8,910.3 8,705.8 8,762.6 8,776.4 8,803.2 8,830.4 8,872.9 8,848.9 8,894.5 8,924.5 8,936.5 8,977.1 8,980.5 Wages and salaries ........................................................... 6,926.8 7,137.8 7,077.3 7,200.8 7,001.5 7,053.7 7,065.9 7,088.6 7,112.9 7,151.4 7,127.6 7,168.7 7,194.9 7,204.6 7,241.0 7,242.6 Private industries ........................................................... 5,729.4 5,943.2 5,877.8 6,000.1 5,803.5 5,857.5 5,872.5 5,894.2 5,918.2 5,958.3 5,941.5 5,980.0 5,997.9 6,007.9 6,042.9 6,043.6 Goods-producing industries ...................................... 1,154.0 1,192.9 1,160.6 1,197.4 1,163.7 1,178.4 1,179.4 1,180.9 1,186.2 1,194.4 1,189.8 1,198.7 1,203.4 1,204.7 1,215.3 1,219.5 Manufacturing........................................................ 735.4 749.3 735.2 761.2 736.1 745.2 745.1 743.9 744.8 749.2 744.5 750.8 752.8 754.1 760.9 763.6 Service-producing industries ..................................... 4,575.4 4,750.3 4,717.2 4,802.6 4,639.8 4,679.2 4,693.1 4,713.3 4,732.1 4,763.9 4,751.6 4,781.3 4,794.4 4,803.2 4,827.6 4,824.0 Trade, transportation, and utilities ......................... 1,093.7 1,128.7 1,116.6 1,123.6 1,107.0 1,116.1 1,122.5 1,119.9 1,123.3 1,126.5 1,124.9 1,135.7 1,136.6 1,139.4 1,145.2 1,147.4 Other services-producing industries ..................... 3,481.7 3,621.6 3,600.6 3,679.0 3,532.8 3,563.1 3,570.6 3,593.4 3,608.7 3,637.4 3,626.7 3,645.6 3,657.8 3,663.8 3,682.4 3,676.6 Government................................................................... 1,197.3 1,194.6 1,199.4 1,200.7 1,198.0 1,196.1 1,193.3 1,194.4 1,194.6 1,193.1 1,186.2 1,188.7 1,197.0 1,196.7 1,198.1 1,199.0 Supplements to wages and salaries.................................. 1,684.9 1,721.7 1,700.0 1,709.5 1,704.3 1,708.9 1,710.6 1,714.5 1,717.5 1,721.4 1,721.3 1,725.8 1,729.6 1,731.9 1,736.2 1,737.9 Employer contributions for employee pension and insurance funds ......................................................... 1,170.6 1,190.5 1,176.9 1,177.4 1,180.8 1,182.2 1,183.4 1,185.9 1,187.6 1,189.2 1,190.8 1,193.1 1,195.2 1,197.0 1,199.2 1,200.8 Employer contributions for government social insurance 514.3 531.2 523.0 532.2 523.5 526.7 527.2 528.6 529.9 532.2 530.4 532.8 534.4 534.9 537.0 537.1 Proprietors’ income with IVA and CCAdj ............................... 1,224.9 1,347.2 1,249.0 1,256.9 1,293.9 1,339.4 1,370.6 1,355.7 1,342.9 1,325.8 1,341.3 1,358.6 1,382.1 1,360.3 1,352.0 1,343.7 Farm .................................................................................. 75.4 126.8 74.5 73.4 105.2 137.0 168.9 148.9 129.0 109.0 118.7 128.3 148.1 123.7 109.4 95.1 Nonfarm............................................................................. 1,149.6 1,220.4 1,174.5 1,183.5 1,188.7 1,202.3 1,201.7 1,206.8 1,213.9 1,216.8 1,222.7 1,230.3 1,234.1 1,236.6 1,242.6 1,248.6 Rental income of persons with CCAdj ................................... 541.2 590.3 556.3 556.9 565.6 574.9 584.2 585.1 587.7 590.2 592.5 596.0 601.2 601.0 601.8 603.9 Personal income receipts on assets ...................................... 1,958.5 1,997.6 1,986.4 2,269.0 1,895.9 1,960.0 1,951.5 1,971.5 1,995.2 2,015.2 2,031.3 2,028.7 2,032.2 2,028.1 2,029.4 2,032.5 Personal interest income ................................................... 1,211.6 1,228.3 1,217.6 1,239.1 1,227.4 1,215.8 1,204.1 1,214.9 1,225.6 1,236.3 1,235.2 1,234.2 1,233.1 1,235.4 1,237.7 1,240.0 Personal dividend income ................................................. 746.9 769.3 768.9 1,029.9 668.5 744.2 747.4 756.6 769.6 779.0 796.0 794.6 799.0 792.7 791.7 792.5 Personal current transfer receipts .......................................... 2,358.3 2,444.9 2,381.4 2,408.8 2,419.4 2,427.8 2,430.9 2,416.1 2,434.9 2,441.8 2,448.3 2,460.6 2,465.1 2,463.8 2,463.9 2,466.8 Government social benefits to persons ............................. 2,316.8 2,400.3 2,341.4 2,368.8 2,375.5 2,383.9 2,386.7 2,371.9 2,390.4 2,397.2 2,403.6 2,415.7 2,420.0 2,418.6 2,418.5 2,421.3 762.2 799.0 767.0 781.1 785.0 789.0 795.4 785.8 797.3 801.4 799.1 803.9 804.1 803.5 809.7 813.4 Social security 1 ............................................................. Medicare 2 ..................................................................... 560.8 592.5 577.1 582.2 586.8 591.1 590.1 583.4 586.0 589.4 593.0 596.6 599.8 598.3 598.0 597.7 Medicaid ........................................................................ 417.1 432.1 425.3 426.6 423.5 423.6 424.0 423.7 427.7 426.9 434.5 440.2 440.3 440.5 440.8 439.5 Unemployment insurance .............................................. 84.2 65.9 72.3 78.3 75.6 73.8 72.3 70.4 68.5 66.6 64.7 62.4 59.6 59.8 58.3 59.3 Veterans’ benefits .......................................................... 70.2 80.4 73.2 73.9 76.1 78.2 76.1 78.0 80.3 81.6 80.5 81.1 83.4 83.6 83.1 82.6 Other ............................................................................. 422.5 430.4 426.4 426.6 428.6 428.1 429.0 430.5 430.7 431.3 431.7 431.5 432.9 433.0 428.6 428.8 Other current transfer receipts, from business (net) .......... 41.4 44.6 40.0 40.0 43.8 44.0 44.1 44.3 44.4 44.5 44.7 44.9 45.0 45.2 45.3 45.5 Less: Contributions for government social insurance ............ 950.7 1,106.0 966.4 981.6 1,088.9 1,095.4 1,096.8 1,099.7 1,102.6 1,107.5 1,104.5 1,109.6 1,113.2 1,114.7 1,119.4 1,120.1 Less: Personal current taxes.............................................. 1,498.0 1,659.3 1,546.0 1,591.0 1,612.9 1,632.6 1,641.5 1,656.2 1,668.9 1,681.4 1,659.4 1,656.5 1,657.4 1,669.2 1,684.7 1,690.7 Equals: Disposable personal income ................................ 12,245.8 12,474.2 12,437.8 12,829.2 12,178.7 12,336.7 12,375.2 12,375.7 12,419.4 12,457.0 12,498.4 12,572.3 12,634.5 12,605.8 12,620.2 12,616.4 Less: Personal outlays........................................................ 11,558.4 11,912.8 11,700.2 11,709.3 11,734.4 11,812.8 11,837.5 11,806.4 11,822.9 11,881.6 11,906.7 11,951.1 11,993.3 12,006.5 12,079.2 12,121.2 Personal consumption expenditures...................................... 11,149.6 11,499.3 11,289.8 11,300.6 11,321.4 11,397.1 11,419.0 11,392.4 11,413.0 11,476.0 11,498.8 11,538.4 11,575.8 11,588.5 11,663.3 11,707.4 Goods ................................................................................ 3,769.7 3,888.9 3,825.8 3,827.6 3,826.8 3,872.2 3,856.4 3,825.0 3,840.2 3,880.3 3,900.5 3,912.8 3,925.1 3,917.7 3,947.2 3,962.5 Durable goods ............................................................... 1,202.7 1,265.2 1,236.2 1,244.0 1,243.5 1,246.3 1,244.7 1,250.2 1,254.8 1,267.4 1,267.3 1,285.2 1,269.4 1,276.8 1,300.1 1,276.3 Nondurable goods ......................................................... 2,567.0 2,623.7 2,589.6 2,583.5 2,583.2 2,625.9 2,611.7 2,574.8 2,585.4 2,612.9 2,633.1 2,627.7 2,655.7 2,640.8 2,647.1 2,686.2 Services ............................................................................ 7,379.9 7,610.4 7,464.0 7,473.1 7,494.7 7,524.9 7,562.6 7,567.3 7,572.9 7,595.7 7,598.3 7,625.6 7,650.7 7,670.9 7,716.1 7,744.9 248.4 248.0 247.0 245.1 247.8 250.4 253.1 248.7 244.3 239.8 244.3 248.8 253.3 251.0 248.6 246.2 Personal interest payments 3 ................................................. Personal current transfer payments ....................................... 160.4 165.5 163.4 163.5 165.2 165.3 165.4 165.4 165.6 165.8 163.6 163.9 164.2 167.0 167.3 167.6 To government ................................................................... 88.5 90.4 89.0 89.2 89.3 89.4 89.5 89.7 89.9 90.1 90.4 90.7 91.0 91.3 91.6 91.9 To the rest of the world (net) .............................................. 71.9 75.1 74.4 74.4 75.9 75.9 75.9 75.7 75.7 75.7 73.2 73.2 73.2 75.7 75.7 75.7 Equals: Personal saving ..................................................... Personal saving as percentage of disposable personal income .............................................................................. 687.4 561.4 737.6 1,119.9 444.4 523.9 537.7 569.2 596.5 575.4 591.6 621.2 641.2 599.2 541.0 495.2 5.6 4.5 5.9 8.7 3.6 4.2 4.3 4.6 4.8 4.6 4.7 4.9 5.1 4.8 4.3 3.9 Addenda: Personal income excluding current transfer receipts: Billions of chained (2009) dollars ..................................... 10,740.1 10,904.8 10,886.8 11,269.3 10,662.0 Disposable personal income: Billions of chained (2009) dollars 4 .................................... 11,551.6 11,637.8 11,670.7 12,036.5 11,418.1 Per capita: Current dollars ............................................................... 38,965 39,410 39,465 40,683 38,601 Chained (2009 dollars) .................................................. 36,756 36,767 37,030 38,170 36,190 Population (midperiod, thousands) 5...................................... 314,278 316,524 315,165 315,341 315,507 Personal consumption expenditures: Billions of chained (2009) dollars ...................................... 10,517.6 10,728.2 10,593.4 10,602.4 10,614.3 Goods ............................................................................ 3,534.1 3,664.0 3,583.9 3,595.1 3,601.1 Durable goods ........................................................... 1,246.7 1,335.8 1,290.5 1,301.7 1,300.3 Nondurable goods ..................................................... 2,296.8 2,344.2 2,306.7 2,307.7 2,314.6 Services ........................................................................ 6,982.7 7,063.6 7,008.5 7,006.4 7,012.3 Implicit price deflator, 2009=100 ....................................... 106.009 107.187 106.574 106.585 106.662 10,778.3 10,830.2 10,888.1 10,914.5 10,913.6 10,915.4 10,959.4 11,001.7 10,988.6 11,014.4 10,991.4 11,520.9 11,568.0 11,600.4 11,631.9 11,623.0 11,650.8 11,708.2 11,753.0 11,727.8 11,739.3 11,711.8 39,081 39,182 39,161 39,277 39,372 39,477 39,684 39,854 39,737 39,760 39,726 36,497 36,626 36,708 36,786 36,736 36,800 36,957 37,073 36,970 36,984 36,877 315,668 315,838 316,019 316,202 316,395 316,599 316,808 317,023 317,226 317,412 317,589 10,643.5 10,674.2 10,678.7 10,689.4 10,707.7 10,718.9 10,745.4 10,768.2 10,781.4 10,849.2 10,867.9 3,614.6 3,620.2 3,623.2 3,642.0 3,653.6 3,669.1 3,679.2 3,691.8 3,695.9 3,735.4 3,742.1 1,304.6 1,305.5 1,314.9 1,320.6 1,334.2 1,338.7 1,361.7 1,345.4 1,355.7 1,384.2 1,364.3 2,323.8 2,328.3 2,323.2 2,336.2 2,335.6 2,346.6 2,336.8 2,362.3 2,357.6 2,371.0 2,394.0 7,028.0 7,053.0 7,054.5 7,046.6 7,053.3 7,049.3 7,065.6 7,076.0 7,085.1 7,113.7 7,125.7 107.081 106.978 106.683 106.770 107.175 107.275 107.380 107.500 107.5 107.5 107.7 Percent change from preceding period: Personal income, current dollars ....................................... Disposable personal income: Current dollars ................................................................... Chained (2009) dollars ...................................................... Personal consumption expenditures: Current dollars ....................................................................... Chained (2009) dollars .......................................................... 4.2 2.8 1.2 3.1 –4.4 1.3 0.3 0.1 0.4 0.4 0.1 0.5 0.4 –0.1 0.2 0.0 3.9 2.0 1.9 0.7 1.2 1.3 3.1 3.1 –5.1 –5.1 1.3 0.9 0.3 0.4 0.0 0.3 0.4 0.3 0.3 –0.1 0.3 0.2 0.6 0.5 0.5 0.4 –0.2 –0.2 0.1 0.1 0.0 –0.2 4.1 2.2 3.1 2.0 0.2 0.3 0.1 0.1 0.2 0.1 0.7 0.3 0.2 0.3 –0.2 0.0 0.2 0.1 0.6 0.2 0.2 0.1 0.3 0.2 0.3 0.2 0.1 0.1 0.6 0.6 0.4 0.2 p Preliminary r Revised CCAdj Capital consumption adjustment IVA Inventory valuation adjustment 1. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 2. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 3. Consists of nonmortgage interest paid by households. 4. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. 5. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual estimate is the average of the monthly estimates. Source: U.S. Bureau of Economic Analysis. February 2014 D–57 C. Historical Measures This table presents historical time series for several estimates presented in the “Selected NIPA Tables” that are pub lished in this issue. The time series are also presented in the NIPA tables on BEA’s Web site, www.bea.gov. Table C.1. GDP and Other Major NIPA Aggregates—Continues [Quarterly estimates are seasonally adjusted at annual rates] Billions of chained (2009) dollars Year Gross domestic product Final sales of domestic product Gross national product Percent change from preceding period Real gross domestic product Real final sales of domestic product Chain-type price indexes [2009=100] Implicit price deflators [2009=100] Gross domestic product Gross domestic product Gross domestic purchases 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 ..................... 3,028.1 3,029.0 3,050.8 6.9 6.1 17.277 16.898 17.254 17.216 1.3 1.4 1.4 1.4 1960 1961 1962 1963 1964 ..................... ..................... ..................... ..................... ..................... 3,105.8 3,185.1 3,379.9 3,527.1 3,730.5 3,111.1 3,192.7 3,371.2 3,522.0 3,731.2 3,130.4 3,211.9 3,409.8 3,559.0 3,764.8 2.6 2.6 6.1 4.4 5.8 2.7 2.6 5.6 4.5 5.9 17.516 17.709 17.927 18.129 18.407 17.128 17.306 17.510 17.724 18.007 17.493 17.686 17.903 18.105 18.383 17.455 17.648 17.866 18.069 18.346 1.4 1.1 1.2 1.1 1.5 1.4 1.0 1.2 1.2 1.6 1.4 1.1 1.2 1.1 1.5 1.4 1.1 1.2 1.1 1.5 1965 1966 1967 1968 1969 ..................... ..................... ..................... ..................... ..................... 3,972.9 4,234.9 4,351.2 4,564.7 4,707.9 3,951.4 4,192.9 4,330.0 4,549.0 4,693.1 4,008.8 4,269.4 4,386.7 4,602.8 4,745.2 6.5 6.6 2.7 4.9 3.1 5.9 6.1 3.3 5.1 3.2 18.744 19.270 19.830 20.673 21.692 18.321 18.829 19.346 20.163 21.149 18.720 19.246 19.805 20.647 21.663 18.684 19.209 19.767 20.609 21.622 1.8 2.8 2.9 4.3 4.9 1.7 2.8 2.7 4.2 4.9 1.8 2.8 2.9 4.3 4.9 1.8 2.8 2.9 4.3 4.9 1970 1971 1972 1973 1974 ..................... ..................... ..................... ..................... ..................... 4,717.7 4,873.0 5,128.8 5,418.2 5,390.2 4,736.1 4,866.0 5,120.4 5,386.5 5,372.5 4,754.6 4,913.6 5,172.2 5,475.1 5,454.1 0.2 3.3 5.2 5.6 –0.5 0.9 2.7 5.2 5.2 –0.3 22.835 23.996 25.038 26.399 28.763 22.287 23.449 24.498 25.888 28.510 22.805 23.964 25.005 26.366 28.734 22.763 23.921 24.960 26.322 28.682 5.3 5.1 4.3 5.4 9.0 5.4 5.2 4.5 5.7 10.1 5.3 5.1 4.3 5.4 9.0 5.3 5.1 4.3 5.5 9.0 1975 1976 1977 1978 1979 ..................... ..................... ..................... ..................... ..................... 5,379.5 5,669.3 5,930.6 6,260.4 6,459.2 5,428.6 5,645.7 5,894.4 6,218.7 6,443.3 5,430.4 5,729.1 5,997.3 6,326.9 6,547.0 –0.2 5.4 4.6 5.6 3.2 1.0 4.0 4.4 5.5 3.6 31.435 33.161 35.213 37.685 40.795 31.116 32.821 34.977 37.459 40.729 31.395 33.119 35.173 37.643 40.750 31.341 33.067 35.120 37.588 40.692 9.3 5.5 6.2 7.0 8.3 9.1 5.5 6.6 7.1 8.7 9.3 5.5 6.2 7.0 8.3 9.3 5.5 6.2 7.0 8.3 1980 1981 1982 1983 1984 ..................... ..................... ..................... ..................... ..................... 6,443.4 6,610.6 6,484.3 6,784.7 7,277.2 6,485.0 6,579.8 6,539.6 6,823.2 7,188.5 6,530.3 6,688.0 6,564.6 6,863.2 7,352.5 –0.2 2.6 –1.9 4.6 7.3 0.6 1.5 –0.6 4.3 5.4 44.485 48.663 51.630 53.664 55.570 44.962 49.087 51.875 53.696 55.482 44.425 48.572 51.586 53.623 55.525 44.357 48.503 51.511 53.550 55.451 9.0 9.4 6.1 3.9 3.6 10.4 9.2 5.7 3.5 3.3 9.0 9.3 6.2 3.9 3.5 9.0 9.3 6.2 4.0 3.5 1985 1986 1987 1988 1989 ..................... ..................... ..................... ..................... ..................... 7,585.7 7,852.1 8,123.9 8,465.4 8,777.0 7,573.5 7,864.1 8,104.4 8,457.8 8,756.0 7,640.2 7,890.9 8,161.0 8,509.9 8,822.6 4.2 3.5 3.5 4.2 3.7 5.4 3.8 3.1 4.4 3.5 57.347 58.510 59.941 62.042 64.455 57.150 58.345 59.985 62.091 64.515 57.302 58.458 59.949 62.048 64.460 57.225 58.385 59.890 61.990 64.408 3.2 2.0 2.4 3.5 3.9 3.0 2.1 2.8 3.5 3.9 3.2 2.0 2.6 3.5 3.9 3.2 2.0 2.6 3.5 3.9 1990 1991 1992 1993 1994 ..................... ..................... ..................... ..................... ..................... 8,945.4 8,938.9 9,256.7 9,510.8 9,894.7 8,943.0 8,959.0 9,252.5 9,500.7 9,827.0 9,003.0 8,988.6 9,305.0 9,559.8 9,932.2 1.9 –0.1 3.6 2.7 4.0 2.1 0.2 3.3 2.7 3.4 66.848 69.063 70.639 72.322 73.859 67.039 69.111 70.719 72.323 73.835 66.845 69.069 70.644 72.325 73.865 66.803 69.038 70.611 72.289 73.826 3.7 3.3 2.3 2.4 2.1 3.9 3.1 2.3 2.3 2.1 3.7 3.3 2.3 2.4 2.1 3.7 3.3 2.3 2.4 2.1 1995 1996 1997 1998 1999 ..................... ..................... ..................... ..................... ..................... 10,163.7 10,549.5 11,022.9 11,513.4 12,071.4 10,140.2 10,525.0 10,944.0 11,439.8 12,000.3 10,206.2 10,595.1 11,058.1 11,540.7 12,108.9 2.7 3.8 4.5 4.4 4.8 3.2 3.8 4.0 4.5 4.9 75.402 76.776 78.097 78.944 80.071 75.420 76.728 77.851 78.358 79.578 75.406 76.783 78.096 78.944 80.071 75.373 76.752 78.065 78.915 80.047 2.1 1.8 1.7 1.1 1.4 2.1 1.7 1.5 0.7 1.6 2.1 1.8 1.7 1.1 1.4 2.1 1.8 1.7 1.1 1.4 2000 2001 2002 2003 2004 ..................... ..................... ..................... ..................... ..................... 12,565.2 12,684.4 12,909.7 13,270.0 13,774.0 12,500.4 12,731.7 12,889.9 13,247.9 13,702.7 12,614.3 12,750.2 12,970.8 13,352.2 13,879.0 4.1 1.0 1.8 2.8 3.8 4.2 1.9 1.2 2.8 3.4 81.894 83.767 85.055 86.754 89.130 81.641 83.206 84.359 86.196 88.729 81.891 83.766 85.054 86.754 89.132 81.865 83.740 85.028 86.729 89.107 2.3 2.3 1.5 2.0 2.7 2.6 1.9 1.4 2.2 2.9 2.3 2.3 1.5 2.0 2.7 2.3 2.3 1.5 2.0 2.7 2005 2006 2007 2008 2009 ..................... ..................... ..................... ..................... ..................... 14,235.6 14,615.2 14,876.8 14,833.6 14,417.9 14,170.1 14,543.6 14,839.2 14,868.9 14,565.5 14,340.8 14,690.9 15,009.7 15,009.0 14,565.1 3.4 2.7 1.8 –0.3 –2.8 3.4 2.6 2.0 0.2 –2.0 91.989 94.816 97.338 99.208 100.000 91.850 94.782 97.370 100.243 100.000 91.991 94.818 97.335 99.236 100.000 91.968 94.796 97.315 99.229 100.000 3.2 3.1 2.7 1.9 0.8 3.5 3.2 2.7 3.0 –0.2 3.2 3.1 2.7 2.0 0.8 3.2 3.1 2.7 2.0 0.8 2010 2011 2012 2013 ..................... ..................... ..................... ..................... 14,779.4 15,052.4 15,470.7 15,767.1 14,717.7 14,966.5 15,014.4 15,286.7 15,403.2 15,693.1 15,671.2 .................... 2.5 1.8 2.8 1.9 1.0 2.0 2.6 1.7 101.215 103.203 105.008 106.467 101.528 103.884 105.599 106.834 101.211 101.321 103.199 103.322 105.002 105.126 106.570 .................... 1.2 2.0 1.7 1.4 1.5 2.3 1.7 1.2 1.2 1.3 2.0 2.0 1.7 1.7 1.5 .................... National Data D–58 February 2014 Table C.1. GDP and Other Major NIPA Aggregates—Continues [Quarterly estimates are seasonally adjusted at annual rates] Billions of chained (2009) dollars Year and Quarter Gross domestic product Final sales of domestic product Gross national product Percent change from preceding period Real gross domestic product Real final sales of domestic product Chain-type price indexes [2009=100] Implicit price deflators [2009=100] Gross domestic product Gross domestic product Gross domestic purchases 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: I .................... II ................... III .................. IV.................. 2,973.8 3,046.1 3,040.2 3,052.2 2,977.8 3,027.0 3,060.3 3,050.8 2,995.5 3,067.9 3,063.3 3,076.4 7.7 10.1 –0.8 1.6 7.8 6.8 4.5 –1.2 17.189 17.236 17.308 17.375 16.812 16.860 16.928 16.993 17.186 17.210 17.275 17.342 17.147 17.173 17.237 17.304 2.0 1.1 1.7 1.6 2.1 1.1 1.6 1.5 1.1 0.6 1.5 1.6 1.1 0.6 1.5 1.6 1960: I .................... II ................... III .................. IV.................. 3,120.2 3,108.4 3,116.1 3,078.4 3,084.8 3,115.6 3,114.2 3,129.9 3,143.8 3,132.4 3,140.9 3,104.3 9.2 –1.5 1.0 –4.8 4.5 4.0 –0.2 2.0 17.409 17.473 17.551 17.630 17.023 17.086 17.163 17.242 17.414 17.459 17.522 17.576 17.376 17.421 17.484 17.538 0.8 1.5 1.8 1.8 0.7 1.5 1.8 1.9 1.7 1.0 1.5 1.2 1.7 1.0 1.5 1.2 1961: I .................... II ................... III .................. IV.................. 3,099.3 3,156.9 3,209.6 3,274.6 3,135.6 3,169.7 3,196.6 3,268.8 3,126.5 3,183.0 3,236.2 3,301.9 2.7 7.7 6.8 8.4 0.7 4.4 3.5 9.3 17.651 17.688 17.727 17.769 17.259 17.283 17.322 17.358 17.615 17.657 17.704 17.762 17.576 17.619 17.667 17.724 0.5 0.8 0.9 1.0 0.4 0.6 0.9 0.8 0.9 1.0 1.1 1.3 0.9 1.0 1.1 1.3 1962: I .................... II ................... III .................. IV.................. 3,333.6 3,369.5 3,401.6 3,414.8 3,309.5 3,364.3 3,391.6 3,419.5 3,360.8 3,398.9 3,431.3 3,448.1 7.4 4.4 3.9 1.6 5.1 6.8 3.3 3.3 17.859 17.908 17.950 17.991 17.436 17.494 17.533 17.576 17.854 17.883 17.920 17.955 17.817 17.846 17.883 17.919 2.0 1.1 0.9 0.9 1.8 1.3 0.9 1.0 2.1 0.7 0.8 0.8 2.1 0.7 0.8 0.8 1963: I .................... II ................... III .................. IV.................. 3,452.8 3,497.8 3,566.1 3,591.5 3,436.3 3,495.8 3,560.4 3,595.4 3,484.9 3,529.0 3,597.8 3,624.2 4.5 5.3 8.0 2.9 2.0 7.1 7.6 4.0 18.079 18.093 18.112 18.230 17.668 17.686 17.711 17.831 18.034 18.064 18.086 18.233 17.997 18.027 18.050 18.196 2.0 0.3 0.4 2.6 2.1 0.4 0.6 2.7 1.8 0.7 0.5 3.3 1.8 0.7 0.5 3.3 1964: I .................... II ................... III .................. IV.................. 3,669.2 3,712.9 3,763.3 3,776.6 3,671.2 3,716.3 3,762.4 3,775.1 3,704.4 3,746.9 3,798.3 3,809.6 8.9 4.8 5.5 1.4 8.7 5.0 5.1 1.4 18.300 18.355 18.447 18.526 17.904 17.963 18.045 18.115 18.291 18.335 18.410 18.493 18.254 18.299 18.373 18.457 1.5 1.2 2.0 1.7 1.6 1.3 1.8 1.6 1.3 1.0 1.6 1.8 1.3 1.0 1.6 1.8 1965: I .................... II ................... III .................. IV.................. 3,869.8 3,922.7 4,002.4 4,096.7 3,836.3 3,905.4 3,979.2 4,084.7 3,906.6 3,960.6 4,038.2 4,130.0 10.2 5.6 8.4 9.8 6.6 7.4 7.8 11.0 18.606 18.692 18.778 18.900 18.180 18.265 18.353 18.486 18.586 18.670 18.744 18.871 18.550 18.634 18.707 18.835 1.7 1.9 1.9 2.6 1.4 1.9 1.9 2.9 2.0 1.8 1.6 2.7 2.0 1.8 1.6 2.8 1966: I .................... II ................... III .................. IV.................. 4,197.9 4,215.1 4,245.2 4,281.6 4,154.7 4,176.6 4,213.2 4,227.3 4,232.3 4,249.6 4,279.0 4,316.7 10.3 1.6 2.9 3.5 7.0 2.1 3.6 1.3 19.016 19.189 19.358 19.517 18.588 18.759 18.912 19.058 18.993 19.149 19.335 19.499 18.957 19.113 19.298 19.462 2.5 3.7 3.6 3.3 2.2 3.7 3.3 3.1 2.6 3.3 3.9 3.4 2.6 3.3 3.9 3.4 1967: I .................... II ................... III .................. IV.................. 4,320.9 4,324.7 4,362.0 4,397.1 4,272.7 4,319.1 4,344.1 4,384.1 4,355.8 4,358.8 4,399.0 4,433.3 3.7 0.3 3.5 3.3 4.4 4.4 2.3 3.7 19.599 19.716 19.893 20.111 19.121 19.235 19.409 19.618 19.580 19.679 19.867 20.086 19.543 19.642 19.830 20.048 1.7 2.4 3.6 4.5 1.3 2.4 3.7 4.4 1.7 2.0 3.9 4.5 1.7 2.0 3.9 4.5 1968: I .................... II ................... III .................. IV.................. 4,486.4 4,562.2 4,595.0 4,615.4 4,474.7 4,520.5 4,585.8 4,615.1 4,523.4 4,599.9 4,633.7 4,653.9 8.4 6.9 2.9 1.8 8.5 4.2 5.9 2.6 20.331 20.559 20.757 21.047 19.832 20.041 20.249 20.532 20.309 20.523 20.726 21.019 20.271 20.485 20.687 20.980 4.4 4.6 3.9 5.7 4.4 4.3 4.2 5.7 4.5 4.3 4.0 5.8 4.5 4.3 4.0 5.8 1969: I .................... II ................... III .................. IV.................. 4,687.1 4,702.1 4,731.5 4,711.0 4,662.6 4,686.6 4,710.7 4,712.5 4,725.9 4,739.8 4,767.9 4,747.2 6.4 1.3 2.5 –1.7 4.2 2.1 2.1 0.1 21.259 21.540 21.847 22.120 20.728 21.005 21.297 21.566 21.237 21.509 21.811 22.092 21.197 21.468 21.770 22.050 4.1 5.4 5.8 5.1 3.9 5.5 5.7 5.1 4.2 5.2 5.7 5.3 4.2 5.2 5.7 5.2 1970: I .................... II ................... III .................. IV.................. 4,702.8 4,711.1 4,752.8 4,703.9 4,723.8 4,715.1 4,757.1 4,748.4 4,739.8 4,749.2 4,790.5 4,738.9 –0.7 0.7 3.6 –4.1 1.0 –0.7 3.6 –0.7 22.424 22.747 22.935 23.233 21.875 22.181 22.395 22.695 22.402 22.714 22.901 23.203 22.360 22.672 22.859 23.160 5.6 5.9 3.3 5.3 5.9 5.7 3.9 5.5 5.7 5.7 3.3 5.4 5.7 5.7 3.3 5.4 1971: I .................... II ................... III .................. IV.................. 4,829.9 4,857.4 4,895.3 4,909.5 4,805.9 4,839.0 4,880.5 4,938.5 4,870.3 4,899.7 4,934.2 4,950.2 11.2 2.3 3.2 1.2 4.9 2.8 3.5 4.8 23.588 23.905 24.146 24.345 23.036 23.347 23.604 23.809 23.558 23.868 24.111 24.312 23.515 23.825 24.068 24.268 6.3 5.5 4.1 3.3 6.1 5.5 4.5 3.5 6.3 5.4 4.1 3.4 6.3 5.4 4.1 3.4 1972: I .................... II ................... III .................. IV.................. 4,997.0 5,112.7 5,159.8 5,245.5 5,007.4 5,089.0 5,133.1 5,252.0 5,039.3 5,154.6 5,204.7 5,290.3 7.3 9.6 3.7 6.8 5.7 6.7 3.5 9.6 24.745 24.894 25.114 25.398 24.185 24.355 24.587 24.864 24.691 24.842 25.075 25.394 24.646 24.798 25.030 25.349 6.7 2.4 3.6 4.6 6.5 2.8 3.9 4.6 6.4 2.5 3.8 5.2 6.4 2.5 3.8 5.2 1973: I .................... II ................... III .................. IV.................. 5,374.7 5,435.6 5,406.1 5,456.5 5,362.8 5,388.9 5,394.0 5,400.5 5,425.4 5,489.3 5,467.4 5,518.3 10.2 4.6 –2.2 3.8 8.7 2.0 0.4 0.5 25.723 26.145 26.634 27.095 25.185 25.650 26.113 26.603 25.689 26.080 26.578 27.107 25.645 26.036 26.533 27.062 5.2 6.7 7.7 7.1 5.3 7.6 7.4 7.7 4.7 6.2 7.9 8.2 4.8 6.2 7.9 8.2 1974: I .................... II ................... III .................. IV.................. 5,411.2 5,425.4 5,372.8 5,351.4 5,395.1 5,401.6 5,384.9 5,308.3 5,482.4 5,493.2 5,435.1 5,405.9 –3.3 1.0 –3.8 –1.6 –0.4 0.5 –1.2 –5.6 27.647 28.266 29.127 30.012 27.297 28.074 28.919 29.751 27.622 28.279 29.098 29.955 27.574 28.228 29.046 29.900 8.4 9.3 12.8 12.7 10.9 11.9 12.6 12.0 7.8 9.9 12.1 12.3 7.8 9.8 12.1 12.3 1975: I .................... II ................... III .................. IV.................. 5,286.7 5,327.4 5,415.5 5,488.5 5,346.7 5,401.5 5,449.7 5,516.5 5,333.5 5,374.6 5,466.0 5,547.5 –4.7 3.1 6.8 5.5 2.9 4.2 3.6 5.0 30.690 31.138 31.692 32.220 30.388 30.848 31.357 31.869 30.634 31.093 31.647 32.174 30.580 31.037 31.592 32.120 9.3 6.0 7.3 6.8 8.8 6.2 6.8 6.7 9.4 6.1 7.3 6.8 9.4 6.1 7.3 6.9 1976: I .................... II ................... III .................. IV.................. 5,612.4 5,654.8 5,683.6 5,726.2 5,593.4 5,613.1 5,648.6 5,727.9 5,670.1 5,714.5 5,743.9 5,787.9 9.3 3.1 2.0 3.0 5.7 1.4 2.6 5.7 32.567 32.893 33.313 33.872 32.215 32.548 32.994 33.526 32.508 32.838 33.262 33.851 32.456 32.786 33.211 33.800 4.4 4.1 5.2 6.9 4.4 4.2 5.6 6.6 4.2 4.1 5.3 7.3 4.3 4.1 5.3 7.3 1977: I .................... II ................... III .................. IV.................. 5,792.9 5,906.6 6,011.1 6,011.7 5,782.2 5,874.3 5,936.1 5,985.2 5,862.4 5,974.9 6,079.0 6,072.8 4.7 8.1 7.3 0.0 3.8 6.5 4.3 3.3 34.416 34.956 35.442 36.038 34.130 34.704 35.234 35.839 34.396 34.879 35.308 36.075 34.343 34.827 35.257 36.021 6.6 6.4 5.7 6.9 7.4 6.9 6.3 7.0 6.6 5.7 5.0 9.0 6.6 5.8 5.0 9.0 SURVEY OF CURRENT BUSINESS February 2014 D–59 Table C.1. GDP and Other Major NIPA Aggregates—Continues [Quarterly estimates are seasonally adjusted at annual rates] Billions of chained (2009) dollars Year and Quarter Gross domestic product Final sales of domestic product Gross national product Percent change from preceding period Real gross domestic product Real final sales of domestic product Chain-type price indexes [2009=100] Implicit price deflators [2009=100] Gross domestic product Gross domestic product Gross domestic purchases 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 1978: I .................... II ................... III .................. IV.................. 6,032.6 6,267.2 6,328.5 6,413.3 5,993.4 6,228.4 6,285.5 6,367.5 6,102.2 6,326.6 6,392.8 6,486.2 1.4 16.5 4.0 5.5 0.6 16.6 3.7 5.3 36.642 37.343 37.992 38.764 36.432 37.130 37.776 38.498 36.612 37.283 37.906 38.703 36.557 37.229 37.852 38.647 6.9 7.9 7.1 8.4 6.8 7.9 7.1 7.9 6.1 7.5 6.9 8.7 6.1 7.6 6.9 8.7 1979: I .................... II ................... III .................. IV.................. 6,426.1 6,433.9 6,480.1 6,496.8 6,389.4 6,391.0 6,482.3 6,510.6 6,500.6 6,516.5 6,577.4 6,593.5 0.8 0.5 2.9 1.0 1.4 0.1 5.8 1.8 39.475 40.416 41.240 42.049 39.241 40.222 41.230 42.225 39.395 40.348 41.209 42.031 39.339 40.288 41.148 41.969 7.5 9.9 8.4 8.1 7.9 10.4 10.4 10.0 7.3 10.0 8.8 8.2 7.4 10.0 8.8 8.2 1980: I .................... II ................... III .................. IV.................. 6,517.9 6,385.7 6,376.0 6,494.1 6,523.5 6,396.9 6,480.0 6,539.7 6,616.2 6,476.9 6,462.4 6,565.9 1.3 –7.9 –0.6 7.6 0.8 –7.5 5.3 3.7 42.960 43.901 44.909 46.170 43.369 44.415 45.431 46.633 42.906 43.847 44.856 46.096 42.842 43.782 44.789 46.027 9.0 9.1 9.5 11.7 11.3 10.0 9.5 11.0 8.6 9.1 9.5 11.5 8.6 9.1 9.5 11.5 1981: I .................... II ................... III .................. IV.................. 6,628.6 6,580.2 6,655.7 6,578.0 6,574.1 6,590.0 6,595.0 6,560.3 6,704.8 6,652.4 6,732.0 6,662.7 8.5 –2.9 4.7 –4.6 2.1 1.0 0.3 –2.1 47.363 48.202 49.101 49.985 47.841 48.695 49.465 50.348 47.246 48.133 48.999 49.917 47.178 48.062 48.929 49.847 10.7 7.3 7.7 7.4 10.8 7.3 6.5 7.3 10.4 7.7 7.4 7.7 10.4 7.7 7.4 7.7 1982: I .................... II ................... III .................. IV.................. 6,468.0 6,503.3 6,479.8 6,486.2 6,537.4 6,535.8 6,495.1 6,590.0 6,548.4 6,592.7 6,556.7 6,560.5 –6.5 2.2 –1.4 0.4 –1.4 –0.1 –2.5 6.0 50.657 51.283 52.007 52.572 50.980 51.527 52.223 52.771 50.615 51.225 51.962 52.540 50.543 51.151 51.887 52.464 5.5 5.0 5.8 4.4 5.1 4.4 5.5 4.3 5.7 4.9 5.9 4.5 5.7 4.9 5.9 4.5 1983: I .................... II ................... III .................. IV.................. 6,571.1 6,721.1 6,852.7 6,994.0 6,664.3 6,762.4 6,887.3 6,978.8 6,644.8 6,799.2 6,932.3 7,076.5 5.3 9.4 8.1 8.5 4.6 6.0 7.6 5.4 53.018 53.377 53.935 54.326 53.097 53.434 53.970 54.284 52.964 53.323 53.881 54.277 52.889 53.250 53.808 54.205 3.4 2.7 4.2 2.9 2.5 2.6 4.1 2.3 3.3 2.7 4.3 3.0 3.3 2.8 4.3 3.0 1984: I .................... II ................... III .................. IV.................. 7,132.9 7,258.2 7,329.6 7,388.1 7,031.2 7,162.0 7,229.0 7,331.9 7,210.0 7,335.8 7,406.6 7,457.5 8.2 7.2 4.0 3.2 3.0 7.7 3.8 5.8 54.890 55.376 55.833 56.180 54.850 55.329 55.718 56.032 54.855 55.316 55.765 56.139 54.782 55.243 55.690 56.062 4.2 3.6 3.3 2.5 4.2 3.5 2.8 2.3 4.3 3.4 3.3 2.7 4.3 3.4 3.3 2.7 1985: I .................... II ................... III .................. IV.................. 7,461.5 7,529.9 7,647.0 7,704.4 7,458.3 7,520.5 7,642.0 7,673.4 7,517.4 7,588.3 7,696.4 7,758.8 4.0 3.7 6.4 3.0 7.1 3.4 6.6 1.7 56.845 57.167 57.534 57.843 56.593 56.944 57.326 57.740 56.785 57.136 57.468 57.800 56.704 57.061 57.391 57.724 4.8 2.3 2.6 2.2 4.1 2.5 2.7 2.9 4.7 2.5 2.3 2.3 4.7 2.5 2.3 2.3 1986: I .................... II ................... III .................. IV.................. 7,775.8 7,811.5 7,890.1 7,931.0 7,749.5 7,811.7 7,923.7 7,971.7 7,824.4 7,848.2 7,930.6 7,960.4 3.8 1.9 4.1 2.1 4.0 3.2 5.9 2.4 58.124 58.340 58.612 58.965 58.044 58.101 58.426 58.807 58.082 58.315 58.550 58.875 58.004 58.239 58.480 58.808 2.0 1.5 1.9 2.4 2.1 0.4 2.3 2.6 2.0 1.6 1.6 2.2 2.0 1.6 1.7 2.3 1987: I .................... II ................... III .................. IV.................. 7,986.4 8,076.1 8,149.4 8,283.8 7,963.4 8,074.4 8,172.6 8,207.1 8,018.9 8,114.5 8,186.7 8,324.1 2.8 4.6 3.7 6.8 –0.4 5.7 5.0 1.7 59.312 59.700 60.141 60.611 59.274 59.743 60.221 60.701 59.303 59.700 60.134 60.632 59.242 59.642 60.076 60.575 2.4 2.6 3.0 3.2 3.2 3.2 3.2 3.2 2.9 2.7 2.9 3.4 3.0 2.7 2.9 3.4 1988: I .................... II ................... III .................. IV.................. 8,330.4 8,440.5 8,489.2 8,601.6 8,329.7 8,433.2 8,480.5 8,587.8 8,379.2 8,485.4 8,529.4 8,645.4 2.3 5.4 2.3 5.4 6.1 5.1 2.3 5.2 61.081 61.687 62.432 62.967 61.194 61.796 62.394 62.979 61.108 61.699 62.426 62.926 61.051 61.641 62.368 62.870 3.1 4.0 4.9 3.5 3.3 4.0 3.9 3.8 3.2 3.9 4.8 3.2 3.2 3.9 4.8 3.3 1989: I .................... II ................... III .................. IV.................. 8,688.4 8,756.7 8,822.1 8,840.7 8,636.1 8,721.9 8,827.8 8,838.2 8,731.2 8,797.8 8,866.8 8,894.9 4.1 3.2 3.0 0.9 2.3 4.0 4.9 0.5 63.609 64.278 64.750 65.181 63.660 64.382 64.769 65.247 63.617 64.275 64.741 65.192 63.562 64.222 64.689 65.141 4.1 4.3 3.0 2.7 4.4 4.6 2.4 3.0 4.5 4.2 2.9 2.8 4.5 4.2 2.9 2.8 1990: I .................... II ................... III .................. IV.................. 8,937.5 8,972.1 8,974.3 8,897.8 8,937.9 8,942.0 8,961.5 8,930.5 8,988.9 9,025.8 9,020.3 8,977.1 4.4 1.6 0.1 –3.4 4.6 0.2 0.9 –1.4 65.908 66.587 67.187 67.709 66.065 66.604 67.338 68.147 65.911 66.592 67.186 67.694 65.863 66.545 67.144 67.659 4.5 4.2 3.7 3.1 5.1 3.3 4.5 4.9 4.5 4.2 3.6 3.1 4.5 4.2 3.6 3.1 1991: I .................... II ................... III .................. IV.................. 8,856.1 8,924.9 8,967.7 9,006.8 8,896.2 8,969.1 8,987.0 8,983.8 8,918.1 8,970.3 9,007.8 9,058.3 –1.9 3.1 1.9 1.8 –1.5 3.3 0.8 –0.1 68.379 68.839 69.335 69.701 68.574 68.873 69.307 69.690 68.369 68.837 69.342 69.717 68.337 68.806 69.312 69.687 4.0 2.7 2.9 2.1 2.5 1.8 2.5 2.2 4.0 2.8 3.0 2.2 4.1 2.8 3.0 2.2 1992: I .................... II ................... III .................. IV.................. 9,113.2 9,213.7 9,303.3 9,396.5 9,131.3 9,199.6 9,294.2 9,385.0 9,164.0 9,263.4 9,349.0 9,443.6 4.8 4.5 4.0 4.1 6.7 3.0 4.2 4.0 70.020 70.464 70.792 71.282 70.052 70.515 70.933 71.375 70.017 70.463 70.798 71.277 69.986 70.431 70.764 71.242 1.8 2.6 1.9 2.8 2.1 2.7 2.4 2.5 1.7 2.6 1.9 2.7 1.7 2.6 1.9 2.7 1993: I .................... II ................... III .................. IV.................. 9,414.0 9,469.9 9,516.1 9,643.1 9,378.4 9,452.0 9,532.0 9,640.5 9,471.5 9,518.2 9,572.0 9,677.6 0.7 2.4 2.0 5.4 –0.3 3.2 3.4 4.6 71.712 72.144 72.512 72.920 71.751 72.187 72.489 72.864 71.682 72.118 72.553 72.931 71.648 72.084 72.516 72.893 2.4 2.4 2.1 2.3 2.1 2.5 1.7 2.1 2.3 2.5 2.4 2.1 2.3 2.5 2.4 2.1 1994: I .................... II ................... III .................. IV.................. 9,737.6 9,870.7 9,928.9 10,041.6 9,693.4 9,777.6 9,877.3 9,959.7 9,781.5 9,908.3 9,964.0 10,075.1 4.0 5.6 2.4 4.6 2.2 3.5 4.1 3.4 73.299 73.660 74.029 74.449 73.201 73.602 74.068 74.468 73.285 73.650 74.049 74.457 73.246 73.611 74.010 74.419 2.1 2.0 2.0 2.3 1.9 2.2 2.6 2.2 2.0 2.0 2.2 2.2 2.0 2.0 2.2 2.2 1995: I .................... II ................... III .................. IV.................. 10,075.9 10,111.1 10,197.7 10,270.1 10,010.6 10,081.7 10,202.6 10,266.0 10,121.5 10,160.0 10,227.9 10,315.5 1.4 1.4 3.5 2.9 2.1 2.9 4.9 2.5 74.899 75.234 75.556 75.917 74.903 75.299 75.582 75.896 74.884 75.213 75.571 75.944 74.849 75.181 75.540 75.913 2.4 1.8 1.7 1.9 2.4 2.1 1.5 1.7 2.3 1.8 1.9 2.0 2.3 1.8 1.9 2.0 1996: I .................... II ................... III .................. IV.................. 10,337.4 10,517.9 10,615.2 10,727.4 10,350.2 10,500.4 10,553.7 10,695.7 10,391.6 10,561.2 10,654.2 10,773.4 2.6 7.2 3.8 4.3 3.3 5.9 2.0 5.5 76.305 76.593 76.941 77.266 76.275 76.538 76.849 77.251 76.355 76.645 76.861 77.251 76.324 76.615 76.831 77.221 2.1 1.5 1.8 1.7 2.0 1.4 1.6 2.1 2.2 1.5 1.1 2.0 2.2 1.5 1.1 2.0 National Data D–60 February 2014 Table C.1. GDP and Other Major NIPA Aggregates—Table Ends [Quar terly estimates are seasonally adjusted at annual rates] Billions of chained (2009) dollars Year and Quarter Gross domestic product Final sales of domestic product Gross national product Percent change from preceding period Real gross domestic product Real final sales of domestic product Chain-type price indexes [2009=100] Implicit price deflators [2009=100] Gross domestic product Gross domestic product Gross domestic purchases 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 1997: I .................... II ................... III .................. IV.................. 10,809.1 10,972.2 11,112.0 11,198.2 10,770.6 10,862.9 11,035.2 11,107.5 10,844.2 11,017.0 11,146.9 11,224.4 3.1 6.2 5.2 3.1 2.8 3.5 6.5 2.6 77.646 78.007 78.234 78.502 77.578 77.744 77.928 78.155 77.731 77.941 78.220 78.479 77.700 77.910 78.188 78.449 2.0 1.9 1.2 1.4 1.7 0.9 1.0 1.2 2.5 1.1 1.4 1.3 2.5 1.1 1.4 1.3 1998: I .................... II ................... III .................. IV.................. 11,309.0 11,418.7 11,568.1 11,757.9 11,183.1 11,375.9 11,507.0 11,693.3 11,346.6 11,452.5 11,585.3 11,778.3 4.0 3.9 5.3 6.7 2.8 7.1 4.7 6.6 78.615 78.795 79.079 79.286 78.115 78.218 78.437 78.662 78.607 78.772 79.067 79.313 78.577 78.743 79.039 79.287 0.6 0.9 1.4 1.1 –0.2 0.5 1.1 1.2 0.7 0.8 1.5 1.3 0.7 0.8 1.5 1.3 1999: I .................... II ................... III .................. IV.................. 11,867.8 11,967.7 12,120.1 12,329.8 11,776.7 11,926.9 12,073.3 12,224.4 11,899.3 12,005.6 12,154.3 12,376.4 3.8 3.4 5.2 7.1 2.9 5.2 5.0 5.1 79.583 79.911 80.197 80.593 78.943 79.371 79.753 80.246 79.630 79.894 80.187 80.555 79.605 79.870 80.163 80.530 1.5 1.7 1.4 2.0 1.4 2.2 1.9 2.5 1.6 1.3 1.5 1.8 1.6 1.3 1.5 1.8 2000: I .................... II ................... III .................. IV.................. 12,365.2 12,598.7 12,614.8 12,682.0 12,346.0 12,489.6 12,547.4 12,618.4 12,406.9 12,644.2 12,654.6 12,751.6 1.2 7.8 0.5 2.1 4.0 4.7 1.9 2.3 81.186 81.633 82.158 82.598 80.967 81.352 81.895 82.352 81.165 81.625 82.156 82.600 81.139 81.599 82.129 82.573 3.0 2.2 2.6 2.2 3.6 1.9 2.7 2.3 3.1 2.3 2.6 2.2 3.1 2.3 2.6 2.2 2001: I .................... II ................... III .................. IV.................. 12,645.7 12,712.8 12,674.1 12,705.2 12,684.2 12,728.2 12,712.1 12,802.4 12,698.4 12,776.1 12,710.0 12,816.3 –1.1 2.1 –1.2 1.0 2.1 1.4 –0.5 2.9 83.136 83.708 83.981 84.244 82.837 83.206 83.347 83.433 83.131 83.708 83.985 84.239 83.105 83.682 83.959 84.212 2.6 2.8 1.3 1.3 2.4 1.8 0.7 0.4 2.6 2.8 1.3 1.2 2.6 2.8 1.3 1.2 2002: I .................... II ................... III .................. IV.................. 12,824.6 12,894.7 12,956.7 12,962.9 12,830.4 12,872.1 12,926.8 12,930.1 12,889.2 12,937.0 13,015.6 13,041.3 3.8 2.2 1.9 0.2 0.9 1.3 1.7 0.1 84.486 84.843 85.219 85.670 83.668 84.185 84.555 85.026 84.504 84.826 85.206 85.673 84.477 84.800 85.180 85.647 1.2 1.7 1.8 2.1 1.1 2.5 1.8 2.2 1.3 1.5 1.8 2.2 1.3 1.5 1.8 2.2 2003: I .................... II ................... III .................. IV.................. 13,028.6 13,151.8 13,374.0 13,525.7 12,992.8 13,152.3 13,366.3 13,480.2 13,091.4 13,230.6 13,452.6 13,634.3 2.0 3.8 6.9 4.6 2.0 5.0 6.7 3.5 86.206 86.470 86.945 87.394 85.781 85.865 86.355 86.782 86.201 86.462 86.947 87.378 86.177 86.437 86.922 87.352 2.5 1.2 2.2 2.1 3.6 0.4 2.3 2.0 2.5 1.2 2.3 2.0 2.5 1.2 2.3 2.0 2004: I .................... II ................... III .................. IV.................. 13,606.6 13,710.7 13,831.0 13,947.7 13,551.2 13,628.7 13,759.8 13,871.2 13,735.1 13,810.0 13,941.7 14,029.0 2.4 3.1 3.6 3.4 2.1 2.3 3.9 3.3 88.137 88.843 89.449 90.092 87.627 88.375 89.055 89.859 88.130 88.861 89.432 90.078 88.105 88.837 89.408 90.055 3.4 3.2 2.8 2.9 4.0 3.5 3.1 3.7 3.5 3.4 2.6 2.9 3.5 3.4 2.6 2.9 2005: I .................... II ................... III .................. IV.................. 14,100.2 14,177.2 14,292.9 14,372.0 13,989.9 14,142.9 14,272.8 14,274.9 14,218.1 14,282.1 14,408.0 14,454.8 4.5 2.2 3.3 2.2 3.5 4.4 3.7 0.1 90.904 91.532 92.399 93.120 90.573 91.281 92.339 93.207 90.893 91.525 92.400 93.121 90.870 91.502 92.378 93.101 3.7 2.8 3.8 3.2 3.2 3.2 4.7 3.8 3.7 2.8 3.9 3.2 3.7 2.8 3.9 3.2 2006: I .................... II ................... III .................. IV.................. 14,546.4 14,591.6 14,604.4 14,718.4 14,469.0 14,508.3 14,522.0 14,675.2 14,631.1 14,670.4 14,668.7 14,793.5 4.9 1.3 0.3 3.2 5.5 1.1 0.4 4.3 93.821 94.597 95.253 95.595 93.850 94.609 95.259 95.412 93.837 94.595 95.249 95.583 93.815 94.572 95.226 95.560 3.0 3.3 2.8 1.4 2.8 3.3 2.8 0.6 3.1 3.3 2.8 1.4 3.1 3.3 2.8 1.4 2007: I .................... II ................... III .................. IV.................. 14,728.1 14,841.5 14,941.5 14,996.1 14,705.3 14,788.4 14,888.9 14,974.4 14,803.5 14,939.3 15,097.5 15,198.6 0.3 3.1 2.7 1.5 0.8 2.3 2.7 2.3 96.657 97.212 97.533 97.948 96.412 97.079 97.576 98.415 96.652 97.190 97.526 97.959 96.629 97.168 97.504 97.941 4.5 2.3 1.3 1.7 4.3 2.8 2.1 3.5 4.5 2.2 1.4 1.8 4.6 2.2 1.4 1.8 2008: I .................... II ................... III .................. IV.................. 14,895.4 14,969.2 14,895.1 14,574.6 14,915.3 14,998.7 14,914.1 14,647.6 15,081.9 15,157.3 15,098.7 14,698.1 –2.7 2.0 –2.0 –8.3 –1.6 2.3 –2.2 –7.0 98.497 98.930 99.605 99.799 99.295 100.238 101.178 100.259 98.507 98.984 99.659 99.808 98.493 98.978 99.660 99.799 2.3 1.8 2.8 0.8 3.6 3.9 3.8 –3.6 2.3 2.0 2.8 0.6 2.3 2.0 2.8 0.6 2009: I .................... II ................... III .................. IV.................. 14,372.1 14,356.9 14,402.5 14,540.2 14,524.4 14,547.2 14,605.2 14,585.2 14,495.3 14,476.8 14,568.8 14,719.5 –5.4 –0.4 1.3 3.9 –3.3 0.6 1.6 –0.5 100.047 99.891 99.883 100.179 99.650 99.720 100.040 100.590 100.064 99.897 99.874 100.164 100.058 99.896 99.877 100.167 1.0 –0.6 0.0 1.2 –2.4 0.3 1.3 2.2 1.0 –0.7 –0.1 1.2 1.0 –0.6 –0.1 1.2 2010: I .................... II ................... III .................. IV.................. 14,597.7 14,738.0 14,839.3 14,942.4 14,584.3 14,686.3 14,718.3 14,881.8 14,782.7 14,925.1 15,020.5 15,137.8 1.6 3.9 2.8 2.8 0.0 2.8 0.9 4.5 100.509 100.972 101.432 101.948 101.036 101.285 101.609 102.183 100.513 100.958 101.418 101.936 100.630 101.067 101.524 102.044 1.3 1.9 1.8 2.1 1.8 1.0 1.3 2.3 1.4 1.8 1.8 2.1 1.9 1.7 1.8 2.1 2011: I .................... II ................... III .................. IV.................. 14,894.0 15,011.3 15,062.1 15,242.1 14,871.9 14,961.8 15,072.7 15,151.3 15,119.2 15,235.6 15,306.4 15,485.7 –1.3 3.2 1.4 4.9 –0.3 2.4 3.0 2.1 102.354 103.024 103.651 103.782 102.900 103.792 104.307 104.538 102.343 103.002 103.650 103.783 102.461 103.128 103.774 103.909 1.6 2.6 2.5 0.5 2.8 3.5 2.0 0.9 1.6 2.6 2.5 0.5 1.6 2.6 2.5 0.5 2012: I .................... II ................... III .................. IV................... 15,381.6 15,427.7 15,534.0 15,539.6 15,278.9 15,360.8 15,444.9 15,528.3 15,600.2 15,656.2 15,751.1 15,764.8 3.7 1.2 2.8 0.1 3.4 2.2 2.2 2.2 104.296 104.751 105.345 105.640 105.124 105.383 105.742 106.150 104.291 104.750 105.292 105.667 104.419 104.873 105.413 105.788 2.0 1.8 2.3 1.1 2.3 1.0 1.4 1.6 2.0 1.8 2.1 1.4 2.0 1.8 2.1 1.4 2013: I .................... II ................... III .................. IV.................. 15,583.9 15,679.7 15,839.3 15,965.6 15,536.4 15,789.7 15,616.2 15,893.9 15,711.1 16,067.4 15,821.1 .................... 1.1 2.5 4.1 3.2 0.2 2.1 2.5 2.8 105.994 106.165 106.685 107.024 106.467 106.526 107.010 107.331 106.105 106.225 106.259 106.380 106.778 106.899 107.121 .................... 1.3 0.6 2.0 1.3 1.2 0.2 1.8 1.2 1.7 1.7 0.6 0.6 2.0 2.0 1.3 .................... February 2014 D–61 D. Charts All series are seasonally adjusted at annual rates. The percent changes in real gross domestic product are based on quarter-to quarter changes. The shaded areas mark the beginning and end of recessions as determined by the Business Cycle Dating Com mittee of the National Bureau of Economic Research. SELECTED NIPA SERIES Thousands of chained (2009) dollars Dec Nov Nov Mar Jan Jly Jly Nov 55 Jly Mar Mar Nov Dec Jun 55 REAL GROSS DOMESTIC PRODUCT PER CAPITA 50 50 45 45 40 40 35 35 30 30 25 25 20 20 65 Percent 67 69 71 Dec Nov 20 73 75 Nov Mar 77 79 81 83 85 87 Jan Jly Jly Nov 89 91 93 95 97 99 Jly Mar 01 03 05 Mar Nov 07 09 11 13 Dec Jun 20 REAL GROSS DOMESTIC PRODUCT (PERCENT CHANGE) 15 15 10 10 5 5 0 0 –5 –5 –10 –10 65 67 69 U.S. Bureau of Economic Analysis 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 National Data D–62 February 2014 SELECTED NIPA SERIES Dec Nov 60 Nov Mar Jan Jly Jly Nov Jly Mar Mar Nov Dec Jun 60 SHARES OF FEDERAL GOVERNMENT CURRENT RECEIPTS Personal current taxes 50 50 40 40 Contributions for government social insurance 30 30 20 20 Taxes on corporate income 10 10 Taxes on production and impor ts 0 0 65 67 69 71 Dec Nov 73 75 Nov Mar 77 79 81 83 85 87 89 Jan Jly Jly Nov 91 93 95 97 99 Jly Mar 01 03 05 Mar Nov 07 09 11 13 Dec Jun 70 70 60 60 Current transfer payments 50 50 40 40 Consumption expenditures 30 30 20 20 Interest payments 10 0 10 65 67 69 71 Dec Nov 73 75 Nov Mar 77 79 81 83 85 87 89 Jan Jly Jly Nov 91 93 95 97 99 Jly Mar 01 03 05 Mar Nov 07 09 11 13 Dec Jun 4 0 4 RATIO, NET GOVERNMENT SAVING TO GROSS DOMESTIC PRODUCT 2 2 State and local 0 0 –2 –2 –4 –4 Net government saving Federal –6 –6 –8 –8 –10 –10 –12 –12 65 67 69 71 U.S. Bureau of Economic Analysis 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 SURVEY OF CURRENT BUSINESS February 2014 D–63 SELECTED NIPA SERIES Dec Nov Nov Mar Jan Jly Jly Nov Jly Mar Mar Nov Dec Jun 30 30 RATIO, SAVINGS TO GROSS NATIONAL INCOME 25 25 Gross saving 20 20 Gross business saving* 15 15 10 10 Personal saving 5 5 0 0 Gross government saving –5 –10 –5 *Gross saving less personal saving and gross government saving 65 67 69 71 Dec Nov 73 75 Nov Mar 77 79 81 –10 83 85 87 89 Jan Jly Jly Nov 91 93 95 97 99 Jly Mar 01 03 05 Mar Nov 07 09 11 13 Dec Jun 30 30 RATIO, INVESTMENT TO GROSS NATIONAL PRODUCT 25 25 Gross domestic investment plus balance on current account (NIPAs) 20 15 20 15 Gross private domestic investment 10 10 Gross government investment 5 5 Balance on current account 0 0 –5 –5 –10 –10 65 67 69 71 Dec Nov 73 75 Nov Mar 77 79 81 83 85 87 89 Jan Jly Jly Nov 91 93 95 97 99 Jly Mar 01 03 05 Mar Nov 07 09 11 13 Dec Jun 60 60 SHARES OF GROSS PRIVATE DOMESTIC FIXED INVESTMENT 50 50 Nonresidential equipment 40 40 30 30 Residential investment 20 20 Nonresidential structures 10 10 Nonresidential intellectual property products 0 0 65 67 69 71 U.S. Bureau of Economic Analysis 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 National Data D–64 February 2014 SELECTED NIPA SERIES 2012 1965 Supplements to wages and salaries, 6.5% Wages and salaries, 55.1% Supplements to wages and salaries, 12.1% Wages and salaries, 49.6% Proprietors’ income, 8.8% Proprietors’ income, 9.6% Rental income of persons, 3.9% Rental income of persons, 2.9% Corporate profits, 14.4% Corporate profits, 13.5% Net interest and misc. payments, 3.0% Other, 0.2% Taxes on production and imports, 9.2% Other, 0.1% Net interest and misc. payments, 3.1% Taxes on production and imports, 8.0% 2012 1965 Business 75.1% Business, 78.0% Households, 7.1% Households, 6.0% Nonprofit institutions serving households, 2.5% General government, federal, 4.1% General government, federal 7.3% General government, state and local, 8.4% General government, state and local 6.2% Personal consumption expenditures, 60.1% 2012 1965 Private nonresidential investment, 11.5% Nonprofit institutions serving households, 5.4% Personal consumption expenditures, 66.4% Private residential investment, 4.8% Private nonresidential investment, 11.7% Private residential investment, 2.6% Federal government,* 7.7% Federal government,* 12.6% State and local government,* 11.1% State and local government,* 9.7% *Consumption expenditures and gross investment U.S. Bureau of Economic Analysis SURVEY OF CURRENT BUSINESS February 2014 D–65 SELECTED NIPA SERIES Dec Nov Nov Mar Jan Jly Jly Nov Jly Mar Mar Nov Dec Jun 70 70 SHARES OF GROSS DOMESTIC PRODUCT BY TYPE OF PRODUCT 60 60 Services 50 50 40 40 Goods 30 30 20 20 Structures 10 10 0 0 65 67 69 71 Dec Nov 73 75 Nov Mar 77 79 81 83 85 87 89 Jan Jly Jly Nov 91 93 95 97 99 Jly Mar 01 03 05 Mar Nov 07 09 11 13 Dec Jun 20 20 18 EXPORTS AS SHARE OF GROSS DOMESTIC PRODUCT IMPORTS AS SHARE OF GROSS DOMESTIC PURCHASES 18 16 16 14 14 12 12 Impor ts 10 10 8 8 Exports 6 6 4 4 2 2 65 67 69 71 Dec Nov 73 75 Nov Mar 77 79 81 83 85 87 89 Jan Jly Jly Nov 91 93 95 97 99 Jly Mar 01 03 05 Mar Nov 07 09 11 13 Dec Jun 70 70 SHARES OF PERSONAL CONSUMPTION EXPENDITURES BY TYPE OF PRODUCT Services 60 60 50 50 Goods 40 40 30 30 Nondurable goods 20 20 Durable goods 10 10 0 0 65 67 69 71 U.S. Bureau of Economic Analysis 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 National Data D–66 February 2014 SELECTED NIPA SERIES Dec Nov Nov Mar Jan Jly Jly Nov Jly Mar Mar Nov Dec Jun 20 20 PROFIT MARGIN, DOMESTIC NONFINANCIAL CORPORATIONS* 16 16 Before tax 12 12 8 8 After tax 4 4 *Ratio of corporate profits per unit to cost and profit per unit 0 0 65 67 69 71 Dec Nov 73 75 Nov Mar 77 79 81 83 85 87 89 Jan Jly Jly Nov 91 93 95 97 99 Jly Mar 01 03 05 Mar Nov 07 09 11 13 Dec Jun 6 6 INVENTORY/SALES RATIOS, CURRENT DOLLAR* 5 5 Ratio of private nonfarm inventories to final sales of goods and structures 4 4 Ratio of private inventories to final sales of domestic business 3 3 Ratio of private nonfarm inventories to final sales of domestic business 2 2 *Based on current-dollar estimates of inventories and sales 1 65 67 69 71 Dec Nov 73 75 Nov Mar 77 79 81 83 85 87 89 Jan Jly Jly Nov 91 93 95 97 99 Jly Mar 01 03 05 Mar Nov 07 09 11 Dec Jun 6 1 13 6 INVENTORY/SALES RATIOS, REAL* 5 5 Ratio of private nonfarm inventories to final sales of goods and structures 4 4 Ratio of private inventories to final sales of domestic business 3 3 Ratio of private nonfarm inventories to final sales of domestic business 2 2 *Based on chained (2009) dollar estimates of inventories and sales 1 65 67 69 U.S. Bureau of Economic Analysis 71 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 11 13 1 February 2014 D–67 Industry Data E. Industry Table The statistics in this table were published in tables 3A and 5A in “Annual Industry Accounts: Results of the Compre hensive Revision for 1997–2012” in the February 2014 SURVEY OF CURRENT BUSINESS. Table E.1. Percent Changes in Chain-Type Quantity and Price Indexes for Value Added by Industry for 2007–2012 Chain-type quantity indexes Chain-type price indexes Chain-type quantity indexes Line 1 Gross domestic product...... 1.8 –0.3 –2.8 2.5 1.8 2.8 2.7 1.9 0.8 1.2 2 Private industries.......................... 1.5 –1.0 –3.2 2.4 1.9 3.0 2.8 2.2 0.4 1.3 3 Agriculture, forestry, fishing, and hunting........................... –13.5 6.6 13.1 1.9 –4.0 0.3 28.0 2.1 –21.2 14.2 4 Farms ..................................... –15.8 9.9 15.9 1.5 –5.1 –1.1 35.9 1.2 –25.0 16.4 5 Forestry, fishing, and related activities ............................. –4.9 –6.1 2.2 3.4 1.0 7.7 3.2 5.6 –3.3 5.8 6 Mining ........................................ 6.6 1.3 14.2 –5.9 9.9 14.0 7.8 26.3 –36.6 21.6 7 Oil and gas extraction ............ 6.8 0.5 31.1 –13.8 7.0 18.4 7.9 36.1 –49.7 31.9 8 Mining, except oil and gas...... 1.7 –4.8 –4.2 6.6 10.2 1.9 9.8 13.2 9.0 10.4 9 Support activities for mining ... 12.0 12.5 –24.4 15.0 24.1 14.8 4.9 2.5 –8.7 –2.0 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 Chain-type price indexes Line 2007 2008 2009 2010 2011 2012 2007 2008 2009 2010 2011 2012 Utilities ...................................... 1.2 Construction ............................. –3.7 Manufacturing........................... 3.3 Durable goods ........................ 4.3 Wood products................... 5.1 Nonmetallic mineral products......................... –0.2 Primary metals................... –2.8 Fabricated metal products 3.8 Machinery .......................... 4.4 Computer and electronic products......................... 12.9 Electrical equipment, appliances, and components................... –6.4 Motor vehicles, bodies and trailers, and parts .......... –4.4 Other transportation equipment...................... 17.6 Furniture and related products......................... –9.1 Miscellaneous manufacturing................ 1.6 Nondurable goods .................. 2.0 Food and beverage and tobacco products ........... 0.8 Textile mills and textile product mills .................. –1.5 Apparel and leather and allied products ............... –6.0 Paper products .................. –6.1 Printing and related support activities ........... 2.7 Petroleum and coal products......................... 1.2 Chemical products ............. 5.9 Plastics and rubber products......................... 1.9 Wholesale trade ........................ 3.3 Retail trade ................................ –2.8 Motor vehicle and parts dealers ............................... –0.3 Food and beverage stores...... –4.9 General merchandise stores –2.1 Other retail ............................. –3.2 Transportation and warehousing ......................... –1.3 Air transportation.................... 7.8 Rail transportation .................. –1.3 Water transportation............... 30.8 Truck transportation................ –3.1 Transit and ground passenger transportation..................... 0.2 Pipeline transportation ........... 18.4 Other transportation and support activities................ –10.0 Warehousing and storage ...... –5.1 Information ................................ Publishing industries, except Internet (includes software) Motion picture and sound recording industries ........... Broadcasting and telecommunications ........... Data processing, Internet publishing, and other information services........... 28.5 34.8 1.4 1.7 –2.5 0.9 –3.4 –1.8 1.3 2.3 –0.3 4.4 3.9 –2.1 –1.3 1.7 3.4 –8.6 6.5 60 –20.4 0.3 4.3 –0.3 –0.5 –4.9 7.1 –3.2 –3.3 4.8 –1.0 –3.3 6.0 22.4 5.7 1.1 –39.7 25.7 16.6 –13.0 –23.7 9.9 4.6 1.6 2.4 4.4 16.2 –7.0 –0.6 5.2 –20.4 10.4 13.5 2.4 1.7 –0.2 11.8 –4.5 –1.1 4.6 3.3 –10.0 –8.3 –2.8 –2.7 –3.6 –1.2 58 59 61 62 63 64 65 66 67 6.3 –16.7 3.2 0.9 –1.2 –21.9 –54.9 115.4 25.8 –2.8 –5.3 –1.0 –0.6 –14.0 –26.6 0.9 3.2 9.3 –2.7 –1.3 5.9 3.0 –2.7 –6.6 16.8 –6.9 –6.2 4.2 3.0 4.4 68 8.7 0.8 0.3 5.8 –0.2 0.7 2.3 69 1.1 3.3 0.0 12.5 –4.4 0.0 3.5 70 5.1 –7.1 2.8 0.8 4.8 –1.7 2.6 1.1 –5.1 –0.5 –10.9 7.7 2.7 –6.4 –3.1 –1.0 16.2 12.2 –7.7 –9.1 –20.7 3.2 –11.1 0.7 –1.3 1.1 6.5 6.7 –2.5 1.4 –0.8 –15.1 11.2 –3.8 –0.2 –2.0 –1.5 –12.5 4.2 –8.9 –3.3 0.1 2.2 4.6 –2.5 –13.7 1.2 5.0 –3.5 –1.0 –3.6 7.5 –3.2 –14.0 –10.4 –4.6 –10.2 1.2 7.3 –4.3 3.3 –13.0 –0.6 –1.1 –12.8 –4.0 –2.8 6.8 3.2 2.2 4.1 –0.8 0.0 3.1 1.6 10.9 1.6 3.2 1.8 72 73 74 0.9 –2.9 9.9 3.4 1.7 0.1 75 1.3 –2.4 –4.3 –0.8 76 77 1.2 0.0 8.7 –5.8 –24.4 31.9 48.1 0.2 11.1 9.3 –0.3 8.6 0.1 –1.0 –2.9 1.5 2.6 2.1 1.2 1.3 2.8 9.6 71 7.2 –0.1 12.5 –2.8 9.9 –3.1 7.5 2.3 1.2 0.9 3.4 3.1 1.7 8.6 5.7 5.5 3.2 2.4 78 79 80 1.7 –1.5 5.9 5.4 0.7 9.5 0.6 0.8 81 –8.0 5.7 3.4 1.1 1.8 3.2 2.7 0.9 1.5 4.2 –5.3 9.9 –0.9 –8.8 –1.2 3.1 5.1 3.0 5.6 12.5 –12.4 2.3 3.4 –3.1 2.0 11.1 2.3 1.8 5.1 7.8 19.6 –16.3 7.6 13.0 –14.8 –2.8 –17.5 14.2 –16.6 –10.9 –11.5 10.0 5.1 2.7 1.4 2.4 3.0 –5.4 –0.9 3.4 83 –9.5 –17.0 19.2 2.0 17.3 0.7 –2.5 1.9 3.7 –1.5 0.2 4.4 –2.8 –5.6 2.9 6.9 3.7 –3.9 4.6 12.0 –10.8 0.5 –9.0 –0.1 3.5 –3.7 9.6 –5.1 –3.4 1.1 2.3 1.4 4.3 1.5 1.9 –1.1 0.2 –9.2 4.4 18.5 –4.6 1.9 1.8 6.3 –1.1 –9.5 0.3 0.5 27.4 –27.2 23.1 16.9 0.9 2.9 1.2 3.7 12.0 2.3 –5.6 22.0 5.4 6.5 3.5 3.9 2.5 7.8 1.9 3.2 4.8 3.6 3.2 –8.1 6.3 –0.8 3.1 4.2 2.0 2.1 3.9 11.2 4.4 –3.7 4.0 2.2 4.4 –1.4 –0.9 0.2 –0.7 0.2 0.4 17.8 –3.3 –7.8 0.1 9.7 55 56 57 –8.3 3.1 –5.7 –0.1 3.6 54 2.8 0.2 11.8 –8.0 15.8 –12.9 5.3 0.8 5.2 1.4 –6.5 10.3 –12.9 –5.0 –7.8 6.8 –14.8 12.4 –15.8 3.4 0.5 11.9 1.8 1.0 0.2 13.1 4.0 6.3 –0.1 1.5 1.9 –0.5 1.5 3.1 4.1 –1.8 –2.4 3.1 1.2 –12.7 –5.5 –3.1 1.7 2.1 1.9 –8.5 –4.0 –1.4 –7.8 11.6 1.7 0.0 0.7 6.3 9.1 2.0 2.3 2007 2008 2009 2010 2011 2012 2007 2008 2009 2010 2011 2012 0.4 5.1 5.6 4.3 1.6 –3.3 –4.7 –4.5 5.0 1.4 3.6 0.2 1.2 1.7 –1.2 0.4 12.1 8.0 9.0 18.8 2.4 5.1 1.1 1.3 0.1 –0.1 1.1 –0.4 12.1 6.6 –3.6 –0.4 1.9 2.9 –2.2 –2.4 –0.7 –0.5 0.1 1.1 82 84 85 86 87 88 89 90 91 92 93 94 95 96 –18.2 11.3 –8.2 5.8 5.4 12.7 –3.3 –0.9 1.4 –1.4 –1.3 –1.2 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 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. 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 .................................. 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 industries 1 Private services-producing industries 2 ................................... Information-communications technology-producing industries 3 1.8 –3.6 4.0 1.6 1.1 –2.6 –12.9 15.7 –0.3 –0.7 –4.7 –0.1 12.5 –3.1 –19.1 –47.8 82.7 8.0 –11.9 2.6 15.5 11.9 –3.1 4.4 5.4 2.0 1.9 1.2 –1.5 0.3 –7.7 0.9 3.8 1.1 1.5 3.0 4.2 7.1 0.1 0.1 1.0 –0.3 –15.0 5.6 –1.1 2.5 –6.2 1.3 9.1 4.0 5.8 –0.7 0.5 7.0 –0.1 –1.8 1.5 2.7 1.1 8.1 –9.4 2.6 8.8 –0.7 –11.9 –4.7 –1.6 –12.0 2.0 6.3 –2.3 17.5 2.6 3.0 2.0 2.0 2.2 1.7 2.1 2.1 1.6 1.5 1.8 –0.6 1.6 –0.6 0.9 0.9 4.5 –11.5 –1.1 2.0 7.0 2.3 3.2 4.0 –0.5 0.8 –0.6 2.4 4.5 –6.6 4.5 4.6 5.0 1.2 1.4 1.3 1.1 1.5 3.1 0.7 7.4 –6.1 0.8 7.1 –11.8 –7.6 4.3 4.2 1.5 –0.2 3.8 5.4 1.3 3.2 1.2 1.8 1.2 4.0 1.5 4.9 1.4 3.2 5.9 8.9 12.6 0.6 0.3 –0.5 –1.7 –0.1 –1.2 –4.6 11.5 1.8 1.6 –1.4 1.3 –0.3 2.2 2.3 2.1 2.7 7.1 2.5 2.8 7.9 –6.3 2.0 3.9 3.0 4.1 0.9 1.4 1.1 0.9 1.7 –2.6 –0.3 –8.4 7.6 4.9 8.1 11.7 1.3 3.2 0.8 0.3 0.6 3.8 0.9 –6.5 4.3 4.7 3.7 3.8 1.0 1.0 1.8 0.5 2.0 3.3 1.0 –7.1 2.9 5.8 3.7 4.0 0.9 0.9 1.7 0.5 2.2 9.1 –0.3 0.1 18.4 –4.8 3.1 2.3 2.6 2.4 3.2 1.1 0.0 1.0 2.2 5.4 4.3 2.2 4.8 0.4 1.4 1.0 –0.1 2.5 1.0 4.1 4.5 2.2 3.6 3.7 4.2 2.2 2.7 1.4 2.7 1.9 3.8 0.8 5.6 1.8 0.3 1.6 2.7 4.1 2.0 3.6 2.1 1.2 1.6 –0.1 2.3 5.9 5.9 1.3 1.2 3.6 –1.3 2.8 1.6 3.6 1.9 4.6 3.2 1.4 2.4 3.4 3.7 2.4 1.9 0.9 1.2 1.1 2.6 0.1 1.2 4.1 4.8 0.2 0.6 1.2 0.2 0.5 –2.7 1.4 2.1 4.8 3.5 3.3 2.1 5.0 2.9 1.6 2.4 1.5 2.2 1.1 1.5 0.1 –2.3 –6.5 3.6 4.4 2.7 4.2 3.0 4.4 –0.1 –0.3 3.3 1.7 –0.5 –3.3 4.4 4.2 2.3 3.9 2.1 2.4 –0.3 0.1 2.4 –1.8 0.5 –1.8 –0.5 4.8 3.0 4.5 3.2 2.5 0.2 2.2 6.2 –1.7 –5.3 10.8 3.5 1.5 3.2 0.9 2.4 –1.4 –0.1 0.6 2.6 –0.4 –3.0 –7.6 1.9 –3.0 –11.4 3.3 4.6 4.5 6.3 2.8 1.2 4.3 5.2 3.4 5.1 –0.1 –0.5 2.3 –1.9 –0.9 1.2 3.6 3.2 –1.4 –3.0 –6.0 2.8 3.8 3.5 3.9 3.8 0.2 –1.1 3.8 –2.4 –3.6 –5.2 –1.8 –0.5 1.1 1.8 0.5 0.7 –0.4 0.9 2.7 3.0 2.5 0.2 1.4 3.8 5.1 3.4 1.0 –3.3 –6.2 –15.5 –7.0 –9.3 1.1 1.4 –0.6 –0.2 –0.6 1.4 1.3 0.4 –0.7 –1.0 –2.4 2.7 –13.2 6.8 4.8 1.9 –0.2 –1.0 –0.1 –13.4 0.2 0.0 3.0 4.0 4.1 3.8 3.7 4.1 4.3 4.4 2.8 4.0 5.0 2.6 2.1 3.2 2.6 2.8 1.6 2.4 1.8 3.1 1.8 2.4 0.7 3.1 2.0 1.6 13.5 2.6 –0.1 3.6 3.0 2.7 1.5 3.8 2.0 2.9 1.6 0.8 17.4 –0.1 0.9 2.4 1.2 0.6 0.6 0.3 1.5 1.3 3.1 8.2 1.1 –3.9 –5.4 2.6 1.4 3.7 3.0 3.8 –4.6 2.4 6.0 1.8 1.7 –0.1 –2.6 2.4 2.1 2.7 2.7 1.6 1.0 1.2 2.2 4.4 4.7 7.2 –3.9 –3.2 –1.4 –1.8 –1.1 –0.6 10.7 7.1 –2.3 1.9 3. Consists of computer and electronic product manufacturing (excluding navigational, measuring, electromedical, and control instru ments manufacturing); software publishers; broadcasting and telecommunications; data processing, hosting and related services; internet publishing and broadcasting and web search portals; and computer systems design and related services. D–68 February 2014 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] 2012 2012 2013 2013 p Nov. Dec. Jan. r Feb. r March r April r May r June r July r Aug. r Sept. r Oct. r Nov. r Dec. p Exports of goods and services .......................................... 2,210,585 2,272,320 185,220 188,686 186,804 186,895 184,774 187,322 186,924 191,072 189,827 189,776 189,509 193,333 194,796 191,287 Goods ............................................................................... 1,561,239 1,590,350 129,667 132,685 130,807 131,199 129,290 131,043 130,181 134,019 132,997 132,707 132,489 135,810 137,048 132,761 Foods, feeds, and beverages ........................................ 132,810 136,001 11,013 10,985 11,682 11,770 10,626 10,266 10,127 10,459 10,862 10,479 11,932 12,537 12,449 12,813 Industrial supplies and materials ................................... 501,071 508,160 40,682 43,920 41,295 42,837 42,484 41,677 40,728 42,275 43,914 42,622 41,330 43,030 43,548 42,421 Capital goods, except automotive ................................. 527,375 534,111 44,187 43,838 44,291 43,388 43,056 43,906 44,721 46,186 44,579 44,784 44,695 44,979 45,296 44,229 Automotive vehicles, par ts, and engines ....................... 146,126 152,095 12,312 12,092 12,053 12,406 12,188 12,741 13,061 12,621 12,454 13,133 13,138 12,951 13,059 12,290 Consumer goods (nonfood), except automotive ............ 181,745 188,522 15,406 15,156 15,649 15,128 14,859 16,810 15,576 16,624 15,263 15,607 15,403 16,446 15,932 15,224 Other goods................................................................... 56,581 60,003 4,930 5,530 4,669 5,188 5,303 4,842 5,038 5,196 4,886 4,909 4,687 5,069 5,556 4,661 Adjustments 1 ................................................................ 15,530 11,457 1,137 1,163 1,167 482 773 801 930 659 1,039 1,173 1,304 798 1,208 1,123 Services............................................................................ Travel ............................................................................. Passenger fares ............................................................ Other transportation ...................................................... Royalties and license fees ............................................. Other private services ................................................... Transfers under U.S. military agency sales contracts .... U.S. government miscellaneous services...................... 649,346 126,214 39,360 43,855 124,182 294,527 18,520 2,688 681,970 139,552 41,152 45,172 129,719 303,878 19,614 2,883 55,552 10,972 3,314 3,552 10,446 25,374 1,667 227 56,002 10,954 3,280 3,753 10,493 25,614 1,680 228 55,997 11,340 3,412 3,785 10,519 25,061 1,662 218 55,696 11,349 3,406 3,893 10,553 24,673 1,602 219 55,485 11,222 3,405 3,826 10,593 24,610 1,606 223 56,279 11,524 3,399 3,782 10,687 25,060 1,595 232 56,743 11,480 3,449 3,783 10,758 25,440 1,591 241 57,052 11,628 3,458 3,817 10,810 25,483 1,611 246 56,831 11,651 3,404 3,640 10,849 25,418 1,622 248 57,070 11,864 3,420 3,640 10,887 25,371 1,639 248 57,020 11,650 3,350 3,772 10,931 25,420 1,647 249 57,523 11,772 3,368 3,707 10,985 25,778 1,663 251 57,748 11,806 3,432 3,713 11,043 25,802 1,700 253 58,526 12,266 3,649 3,814 11,104 25,762 1,676 255 Imports of goods and services .......................................... 2,745,240 2,743,851 231,641 226,994 228,913 230,122 221,307 226,667 230,555 225,454 228,397 228,466 232,223 232,406 229,354 229,988 Goods ............................................................................... 2,302,714 2,293,508 194,529 189,866 192,021 193,327 184,639 189,382 193,047 187,786 190,773 190,633 194,652 194,387 191,281 191,579 Foods, feeds, and beverages ........................................ 110,258 115,206 9,379 9,326 9,212 9,622 9,605 9,546 9,892 9,561 9,613 9,637 9,574 9,824 9,590 9,530 Industrial supplies and materials ................................... 730,374 681,406 60,664 57,325 61,006 58,801 56,521 56,150 57,149 54,785 56,604 56,459 57,543 58,115 53,873 54,400 Capital goods, except automotive ................................. 548,614 553,845 45,608 45,791 45,993 46,212 44,218 45,312 45,539 45,725 45,295 46,234 47,197 46,887 47,788 47,445 Automotive vehicles, parts, and engines ....................... 297,813 308,813 25,612 24,919 23,613 24,940 24,175 25,154 25,926 25,655 26,458 26,212 27,124 26,139 27,166 26,253 Consumer goods (nonfood), except automotive ............ 516,342 533,170 45,071 44,724 44,017 45,561 41,356 44,457 45,356 43,803 44,412 43,591 45,009 44,873 45,041 45,694 Other goods................................................................... 71,920 75,118 6,030 5,626 6,055 5,812 6,562 6,667 7,172 6,023 6,280 6,334 6,151 6,457 5,645 5,961 Adjustments 1 ................................................................ 27,394 25,951 2,165 2,156 2,126 2,380 2,203 2,096 2,013 2,233 2,110 2,166 2,055 2,094 2,178 2,297 Services............................................................................ Travel ............................................................................. Passenger fares ............................................................ Other transportation ...................................................... Royalties and license fees ............................................. Other private services ................................................... Direct defense expenditures .......................................... U.S. government miscellaneous services...................... Memoranda: Balance on goods.............................................................. Balance on services .......................................................... Balance on goods and services ........................................ 442,527 83,451 34,654 55,445 39,889 201,227 24,734 3,127 450,343 86,296 37,462 58,876 41,680 201,084 22,170 2,776 37,112 6,909 2,882 4,674 3,305 17,120 1,960 262 37,127 6,799 2,910 4,673 3,343 17,206 1,938 259 36,892 7,000 3,020 4,825 3,449 16,457 1,916 225 36,794 7,023 3,033 4,931 3,490 16,202 1,898 218 36,667 7,099 3,085 4,665 3,516 16,204 1,882 217 37,284 7,178 3,042 4,892 3,433 16,603 1,908 229 37,507 7,132 3,070 4,897 3,402 16,863 1,902 241 37,668 7,221 3,129 4,851 3,414 16,921 1,889 244 37,624 7,131 3,081 4,945 3,452 16,909 1,866 240 37,833 7,327 3,071 4,990 3,494 16,874 1,843 234 37,571 7,089 3,033 4,964 3,504 16,934 1,816 232 38,018 7,298 3,211 4,994 3,507 16,992 1,786 231 38,073 7,259 3,222 5,048 3,509 17,051 1,751 232 38,410 7,539 3,465 4,874 3,511 17,074 1,713 233 –741,475 –703,159 –64,862 –57,182 –61,214 –62,128 –55,350 –58,339 –62,866 –53,767 –57,776 –57,927 –62,163 –58,578 –54,234 –58,818 206,819 231,627 18,440 18,874 19,105 18,902 18,817 18,995 19,235 19,384 19,207 19,237 19,449 19,505 19,675 20,117 –534,656 –471,532 –46,422 –38,307 –42,109 –43,227 –36,532 –39,344 –43,631 –34,383 –38,570 –38,690 –42,714 –39,073 –34,558 –38,701 p Preliminary r Revised 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. Source: U.S. Bureau of Economic Analysis and U.S. Census Bureau. SURVEY OF CURRENT BUSINESS February 2014 D–69 Table F.2. U.S. International Transactions [Millions of dollars] Not seasonally adjusted Line (Credits +; debits –) Current account 1 Exports of goods and services and income receipts ...................... 2 Expor ts of goods and services.......................................................... 3 Goods, balance of payments basis............................................... 4 Services........................................................................................ 5 Transfers under U.S. military agency sales contracts ............... 6 Travel ........................................................................................ 7 Passenger fares ....................................................................... 8 Other transportation ................................................................. 9 Royalties and license fees ........................................................ 10 Other private services .............................................................. 11 U.S. government miscellaneous services................................. 12 Income receipts................................................................................. 13 Income receipts on U.S.-owned assets abroad ............................ 14 Direct investment receipts ........................................................ 15 Other private receipts ............................................................... 16 U.S. government receipts ......................................................... 17 Compensation of employees ........................................................ 18 Imports of goods and services and income payments ................... 19 Imports of goods and services .......................................................... 20 Goods, balance of payments basis............................................... 21 Services ........................................................................................ 22 Direct defense expenditures ..................................................... 23 Travel ........................................................................................ 24 Passenger fares ....................................................................... 25 Other transportation ................................................................. 26 Royalties and license fees ........................................................ 27 Other private services .............................................................. 28 U.S. government miscellaneous services................................. 29 Income payments .............................................................................. 30 Income payments on foreign-owned assets in the United States 31 Direct investment payments ..................................................... 32 Other private payments ............................................................ 33 U.S. government payments ...................................................... 34 Compensation of employees ........................................................ 35 Unilateral current transfers, net ......................................................... 36 U.S. government grants..................................................................... 37 U.S. government pensions and other transfers ................................. 38 Private remittances and other transfers ............................................ Capital account 39 Capital account transactions, net ...................................................... Financial account 40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (–)) ...................................................... 41 U.S. official reserve assets ................................................................ 42 Gold .............................................................................................. 43 Special drawing rights................................................................... 44 Reserve position in the International Monetary Fund ................... 45 Foreign currencies ........................................................................ 46 U.S. government assets, other than official reserve assets .............. 47 U.S. credits and other long-term assets ....................................... 48 Repayments on U.S. credits and other long-term assets ............. 49 U.S. foreign currency holdings and U.S. short-term assets .......... 50 U.S. private assets ............................................................................ 51 Direct investment .......................................................................... 52 Foreign securities ......................................................................... U.S. claims on unaffiliated foreigners reported by U.S. 53 nonbanking concerns ............................................................... 54 U.S. claims reported by U.S. banks and securities brokers .......... 55 Foreign-owned assets in the United States, excluding financial derivatives (increase/financial inflow (+)) ..................................... 56 Foreign official assets in the United States ....................................... 57 U.S. government securities ........................................................... 58 U.S. Treasury securities............................................................ 59 Other ........................................................................................ 60 Other U.S. government liabilities .................................................. 61 U.S. liabilities reported by U.S. banks and securities brokers....... 62 Other foreign official assets .......................................................... 63 Other foreign assets in the United States ......................................... 64 Direct investment .......................................................................... 65 U.S. Treasury securities ................................................................ 66 U.S. securities other than U.S. Treasury securities....................... 67 U.S. currency ................................................................................ 68 U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns ............................................................... 69 U.S. liabilities reported by U.S. banks and securities brokers....... 70 Financial derivatives, net .................................................................... 71 Statistical discrepancy (sum of above items with sign reversed) 71a Of which: Seasonal adjustment discrepancy .................................... Memoranda: 72 Balance on goods (lines 3 and 20) ........................................................ 73 Balance on services (lines 4 and 21) .................................................... 74 Balance on goods and services (lines 2 and 19)................................... 75 Balance on income (lines 12 and 29) .................................................... 76 Unilateral current transfers, net (line 35) ............................................... 77 Balance on current account (lines 1, 18, and 35 or lines 74, 75, and 76) p Preliminary r Revised 1. Calculated excluding capital account transactions, net (line 39). 2012 Seasonally adjusted 2012 2013 I II III IV I 2,986,949 2,210,585 1,561,239 649,346 18,520 126,214 39,360 43,855 124,182 294,527 2,688 776,364 770,079 470,233 297,891 1,954 6,286 –3,297,677 –2,745,240 –2,302,714 –442,527 –24,734 –83,451 –34,654 –55,445 –39,889 –201,227 –3,127 –552,437 –537,815 –176,747 –233,336 –127,732 –14,622 –129,688 –46,090 –3,685 –79,913 735,584 542,650 385,589 157,061 4,578 26,187 9,225 10,853 30,245 75,335 638 192,934 191,413 118,037 72,752 623 1,521 –802,467 –664,848 –559,679 –105,169 –6,479 –18,410 –8,281 –13,265 –9,608 –48,325 –800 –137,619 –134,190 –45,001 –56,638 –32,551 –3,430 –33,546 –11,912 –1,239 –20,395 750,283 555,211 395,151 160,060 4,429 32,641 9,943 11,188 30,716 70,429 714 195,072 193,526 117,691 75,384 450 1,546 –837,241 –700,675 –586,450 –114,224 –6,253 –24,041 –9,540 –13,838 –9,884 –49,870 –799 –136,567 –132,884 –42,422 –58,311 –32,151 –3,682 –31,381 –11,473 –1,050 –18,859 742,636 549,143 382,343 166,800 4,529 37,502 10,694 10,929 30,019 72,393 733 193,493 191,914 116,879 74,554 480 1,579 –831,966 –693,742 –579,881 –113,860 –6,120 –23,423 –8,933 –14,231 –10,154 –50,254 –745 –138,224 –134,543 –45,421 –57,394 –31,728 –3,681 –33,140 –11,823 –1,955 –19,362 758,446 563,581 398,156 165,425 4,984 29,884 9,498 10,885 33,202 76,370 603 194,865 193,226 117,625 75,201 400 1,639 –826,003 –685,976 –576,703 –109,274 –5,882 –17,577 –7,900 –14,111 –10,243 –52,778 –782 –140,026 –136,197 –43,902 –60,993 –31,302 –3,829 –31,621 –10,882 559 –21,298 740,612 549,240 385,673 163,566 4,870 29,345 9,785 11,308 30,647 76,946 666 191,372 189,730 113,619 75,704 407 1,642 –789,029 –649,480 –543,505 –105,976 –5,696 –18,674 –8,951 –14,060 –10,292 –47,643 –659 –139,549 –135,992 –43,551 –61,403 –31,038 –3,556 –33,638 –11,061 9 –22,586 764,615 568,130 400,017 168,113 4,797 35,909 10,145 11,472 32,222 72,810 758 196,485 194,832 116,995 77,418 419 1,653 –833,960 –693,996 –578,275 –115,721 –5,699 –24,309 –10,065 –14,608 –10,129 –50,197 –714 –139,964 –136,191 –43,889 –62,083 –30,219 –3,773 –32,795 –11,361 –866 –20,568 6,956 –1 –241 –470 7,668 –40 –227 –97,469 85,522 –4,460 –1,233 0 0 –37 –11 –4,032 –1,078 –391 –144 85,331 51,087 –8,202 –2,655 2,546 386 90,987 53,356 –178,341 35,668 –388,293 –121,035 –144,823 2,276 –25,723 380,498 543,884 393,922 314,660 433,155 –118,495 8,241 –1,572 72,593 149,962 166,411 156,385 196,908 57,141 –67,175 221,602 182,880 –276,054 –3,289 –833 0 0 –10 –10 –3,179 –744 –100 –79 16,650 15,206 –2,538 –1,038 680 847 18,508 15,397 169,519 –290,427 –95,384 –102,634 –22,920 –51,183 16,793 6,325 271,030 –142,935 178,540 –175,577 144,468 57,374 124,225 42,927 143,100 96,213 –18,875 –53,286 2,939 2,773 –14,458 406 31,762 11,268 34,072 –232,951 36,915 50,415 64,974 –4,652 28,297 –39,577 18,057 7,116 304,068 107,684 87,309 100,571 –13,262 1,722 7,066 11,587 196,384 42,337 62,548 64,694 16,156 II r 2012 III p 2013 III IV I 767,278 569,750 392,155 177,595 4,908 41,343 11,068 11,123 31,910 76,540 703 197,528 195,868 117,323 78,168 377 1,660 –842,125 –705,116 –589,292 –115,824 –5,525 –24,314 –9,263 –15,160 –10,311 –50,544 –706 –137,009 –133,213 –40,710 –62,355 –30,148 –3,796 –35,208 –12,260 –1,937 –21,011 742,117 548,046 387,559 160,487 4,578 30,243 9,649 11,031 31,293 73,059 634 194,071 192,550 119,118 72,752 680 1,521 –830,188 –690,993 –581,163 –109,830 –6,479 –20,960 –8,466 –13,614 –9,742 –49,769 –800 –139,195 –135,665 –46,476 –56,638 –32,551 –3,530 –32,771 –11,912 –1,649 –19,210 746,799 553,702 391,867 161,835 4,429 31,369 10,069 11,108 30,726 73,459 676 193,097 191,551 115,731 75,384 436 1,546 –824,644 –689,004 –578,355 –110,649 –6,253 –21,139 –8,784 –13,864 –9,978 –49,832 –799 –135,639 –131,898 –41,436 –58,311 –32,151 –3,742 –32,668 –11,473 –1,435 –19,761 744,602 552,275 391,474 160,802 4,529 32,079 9,846 10,856 30,827 71,969 695 192,327 190,748 115,735 74,554 459 1,579 –819,001 –681,304 –570,454 –110,850 –6,120 –20,709 –8,735 –13,978 –10,314 –50,249 –745 –137,697 –133,996 –44,874 –57,394 –31,728 –3,701 –32,343 –11,823 –1,270 –19,250 753,430 556,561 390,339 166,222 4,984 32,523 9,796 10,860 31,336 76,041 683 196,869 195,230 119,649 75,201 380 1,639 –823,844 –683,939 –572,742 –111,197 –5,882 –20,643 –8,669 –13,989 –9,854 –51,378 –782 –139,905 –136,256 –43,961 –60,993 –31,302 –3,649 –31,906 –10,882 668 –21,692 749,493 557,883 390,705 167,178 4,870 33,911 10,223 11,504 31,666 74,344 661 191,610 189,968 113,783 75,704 481 1,642 –821,245 –680,516 –570,162 –110,354 –5,696 –21,122 –9,138 –14,421 –10,454 –48,864 –659 –140,730 –137,070 –44,629 –61,403 –31,038 –3,660 –33,143 –11,061 –756 –21,327 760,170 564,728 394,653 170,074 4,797 34,632 10,306 11,382 32,256 75,983 719 195,443 193,789 115,953 77,418 418 1,653 –822,295 –682,850 –570,390 –112,460 –5,699 –21,531 –9,241 –14,640 –10,249 –50,387 –714 –139,445 –135,607 –43,305 –62,083 –30,219 –3,838 –34,488 –11,361 –1,619 –21,508 765,110 568,522 397,602 170,920 4,908 35,165 10,174 11,052 32,666 76,210 745 196,588 194,928 116,391 78,168 369 1,660 –825,850 –689,260 –576,232 –113,028 –5,525 –21,547 –9,185 –14,899 –10,450 –50,717 –706 –136,590 –132,753 –40,250 –62,355 –30,148 –3,837 –34,100 –12,260 –984 –20,856 n.a. –1 –241 –470 7,668 –40 –227 n.a. 192,062 –267,054 –115,996 –229,070 –106,201 –3,289 –833 895 –876 191 0 0 0 0 0 –10 –10 –6 –5 –6 –3,179 –744 969 –755 287 –100 –79 –68 –116 –90 16,650 15,206 2,388 –446 3,115 –2,538 –1,038 –1,971 –1,865 –3,934 680 847 633 461 731 18,508 15,397 3,726 958 6,318 178,701 –281,428 –119,279 –227,748 –109,507 –86,202 –93,635 –95,418 –84,122 –97,004 –22,920 –51,183 –72,996 –133,783 –79,359 –74,295 1,001 0 –5 1,071 –65 850 –876 579 1,146 –76,146 –95,813 –47,391 18,334 30,801 –22,437 12,594 –59,730 126,586 4,290 62,768 236,852 84,396 60,199 93,271 –33,072 807 5,414 17,976 152,456 36,743 33,515 143,494 15,812 267,491 126,871 96,603 118,533 –21,930 1,608 20,061 8,599 140,620 30,571 50,780 –10,970 4,957 168,836 –6,577 –23,558 –11,974 –11,584 3,546 –9,354 22,789 175,413 41,201 –6,065 –43,203 9,486 155,587 68,514 35,193 15,972 19,221 3,105 30,052 164 87,073 51,610 63,414 131,648 12,664 –67,175 221,602 16,793 6,325 271,030 –142,935 III p II –89,817 –238,768 –114,147 –80,814 93,519 895 –876 191 1,001 –1,233 0 0 0 0 0 –6 –5 –6 –5 –11 969 –755 287 1,071 –1,078 –68 –116 –90 –65 –144 2,388 –446 3,115 850 51,087 –1,971 –1,865 –3,934 –876 –2,655 633 461 731 579 386 3,726 958 6,318 1,146 53,356 –93,100 –237,446 –117,453 –82,665 43,665 –69,239 –93,820 –104,950 –102,332 –113,038 –72,996 –133,783 –79,359 –47,391 2,276 II r I 18,334 30,801 –22,437 12,594 –59,730 126,586 4,290 62,768 148,154 68,514 35,193 15,972 19,221 3,105 30,052 164 79,640 44,177 63,414 131,648 12,664 177,381 –176,468 144,468 57,374 124,225 42,927 143,100 96,213 –18,875 –53,286 2,939 2,773 –14,458 406 31,762 11,268 32,913 –233,842 35,756 49,524 64,974 –4,652 28,297 –39,577 18,057 7,116 300,570 107,684 87,309 100,571 –13,262 1,722 7,066 11,587 192,886 38,839 62,548 64,694 16,156 242,401 84,396 60,199 93,271 –33,072 807 5,414 17,976 158,005 42,292 33,515 143,494 15,812 265,544 126,871 96,603 118,533 –21,930 1,608 20,061 8,599 138,673 28,624 50,780 –10,970 4,957 168,191 –6,577 –23,558 –11,974 –11,584 3,546 –9,354 22,789 174,768 40,556 –6,065 –43,203 9,486 –39,505 13,279 –25,581 –4,763 –22,440 –20,872 18,850 –60,786 13,279 –25,581 –387,378 –127,450 –220,672 15,412 –54,668 86,154 155,144 –111,477 –127,450 –220,672 –7,064 –7,339 2,419 –5,129 2,985 3,948 3,511 –6,569 –7,339 2,419 92,741 –5,891 –156,294 108,858 100,054 –58,510 49,424 44,165 1 41,851 –142,718 ................. ............... ............... ............... ............... .............. .............. ............... 13,576 –16,117 –4,763 15,412 –5,129 78,825 –21,229 –22,440 –54,668 2,985 –34,738 23,771 –20,872 86,154 3,948 64,513 15,089 18,850 –60,786 155,144 –111,477 3,511 –6,569 31,339 1 27,550 –12,827 –14,302 –741,475 –174,091 –191,299 –197,538 –178,547 –157,832 –178,258 –197,137 –193,604 –186,487 –178,980 –182,403 –179,457 –175,736 –178,630 206,819 51,893 45,836 52,940 56,151 57,591 52,392 61,771 50,657 51,186 49,952 55,025 56,824 57,614 57,892 –534,656 –122,198 –145,464 –144,599 –122,396 –100,241 –125,866 –135,366 –142,947 –135,302 –129,029 –127,378 –122,633 –118,122 –120,738 223,928 55,315 58,505 55,269 54,839 51,824 56,521 60,519 54,876 57,457 54,630 56,965 50,881 55,997 59,998 –129,688 –33,546 –31,381 –33,140 –31,621 –33,638 –32,795 –35,208 –32,771 –32,668 –32,343 –31,906 –33,143 –34,488 –34,100 –440,416 –100,429 –118,340 –122,470 –99,178 –82,055 –102,139 –110,055 –120,842 –110,513 –106,742 –102,320 –104,895 –96,613 –94,840 International Data D–70 February 2014 Table F.3. U.S. International Transactions, by Area—Continues [Millions of dollars] Europe Line European Union Euro area United Kingdom (Credits +; debits –) 2013:II r 2013:III p 2013:II r 2013:III p 2013:II r 2013:III p 2013:II r 2013:III p Current account 1 Exports of goods and services and income receipts ......................................... 239,020 236,657 196,430 197,668 137,019 138,937 48,268 47,192 2 Expor ts of goods and services............................................................................. 150,800 148,105 120,887 121,106 84,714 85,181 27,881 27,219 3 Goods, balance of payments basis.................................................................. 86,488 82,072 67,318 66,408 50,619 50,463 12,323 11,606 4 Services........................................................................................................... 64,313 66,033 53,569 54,698 34,095 34,718 15,559 15,613 5 Transfers under U.S. military agency sales contracts .................................. 574 466 317 240 211 124 72 68 6 Travel ........................................................................................................... 10,366 12,071 9,220 10,840 5,476 6,415 2,908 3,166 7 Passenger fares .......................................................................................... 2,981 3,315 2,669 2,897 1,607 1,865 902 877 8 Other transportation .................................................................................... 4,664 4,487 4,033 3,877 2,403 2,279 1,108 1,075 9 Royalties and license fees ........................................................................... 15,419 15,215 12,437 11,868 9,503 9,018 2,239 2,207 10 Other private services ................................................................................. 30,167 30,348 24,798 24,888 14,831 14,959 8,313 8,205 11 U.S. government miscellaneous services.................................................... 142 131 96 88 64 59 17 15 12 Income receipts.................................................................................................... 88,220 88,552 75,543 76,562 52,305 53,756 20,386 19,973 13 Income receipts on U.S.-owned assets abroad ............................................... 88,070 88,400 75,431 76,448 52,250 53,697 20,357 19,942 14 Direct investment receipts ........................................................................... 57,508 57,193 49,527 49,907 38,476 39,533 10,020 9,434 15 Other private receipts .................................................................................. 30,420 31,106 25,775 26,458 13,674 14,094 10,310 10,496 16 U.S. government receipts ............................................................................ 142 101 129 83 100 70 27 12 17 Compensation of employees ........................................................................... 150 152 112 115 55 59 30 31 18 Imports of goods and services and income payments ...................................... –236,940 –235,329 –199,250 –198,830 –140,283 –142,476 –45,112 –42,790 19 Imports of goods and services ............................................................................. –168,117 –169,018 –139,586 –141,230 –102,351 –103,924 –25,833 –26,034 20 Goods, balance of payments basis.................................................................. –117,687 –117,881 –97,667 –98,806 –75,872 –77,073 –13,553 –13,647 21 Services ........................................................................................................... –50,430 –51,137 –41,919 –42,424 –26,479 –26,851 –12,280 –12,387 22 Direct defense expenditures ........................................................................ –2,608 –2,525 –2,393 –2,310 –2,121 –2,046 –258 –250 23 Travel ........................................................................................................... –8,524 –8,122 –7,607 –7,197 –5,332 –5,106 –1,780 –1,620 24 Passenger fares .......................................................................................... –4,758 –4,357 –4,324 –3,971 –2,765 –2,503 –1,353 –1,261 25 Other transportation .................................................................................... –6,132 –6,433 –4,865 –5,114 –3,138 –3,308 –858 –901 26 Royalties and license fees ........................................................................... –5,545 –6,589 –4,061 –4,943 –2,655 –3,209 –922 –1,250 27 Other private services ................................................................................. –22,577 –22,827 –18,542 –18,764 –10,372 –10,585 –7,100 –7,095 28 U.S. government miscellaneous services.................................................... –287 –283 –127 –126 –95 –95 –9 –9 29 Income payments ................................................................................................. –68,822 –66,311 –59,665 –57,600 –37,933 –38,552 –19,279 –16,757 30 Income payments on foreign-owned assets in the United States .................... –68,572 –66,085 –59,477 –57,426 –37,854 –38,482 –19,209 –16,688 31 Direct investment payments ........................................................................ –30,969 –28,290 –27,736 –25,457 –17,050 –17,430 –9,775 –7,268 32 Other private payments ............................................................................... –31,221 –31,481 –27,457 –27,705 –17,570 –17,860 –8,771 –8,731 33 U.S. government payments ......................................................................... –6,382 –6,314 –4,284 –4,264 –3,234 –3,192 –663 –689 34 Compensation of employees ........................................................................... –250 –227 –188 –174 –79 –70 –70 –69 35 Unilateral current transfers, net ............................................................................ –3,677 –3,178 –1,247 –692 –617 –929 –441 137 36 U.S. government grants........................................................................................ –700 –648 –111 –68 –25 –13 (*) (*) 37 U.S. government pensions and other transfers .................................................... –129 –4 –93 32 49 –359 –81 453 38 Private remittances and other transfers ............................................................... –2,848 –2,527 –1,043 –657 –640 –557 –360 –316 Capital account (*) n.a. 0 n.a. 0 n.a. 0 n.a. 39 Capital account transactions, net ......................................................................... Financial account 40 U.S.-owned assets abroad, excluding financial derivatives (increase/ financial outflow (–)) .......................................................................................... –120,561 –39,479 –115,417 –34,666 –80,686 –81,448 –24,354 42,998 41 U.S. official reserve assets ................................................................................... –84 –57 –84 –57 –84 –57 0 0 42 Gold ................................................................................................................. 0 0 0 0 0 0 0 0 43 Special drawing rights...................................................................................... ............................ ............................ ............................ ............................ ............................ ............................. ............................ ............................ 44 Reserve position in the International Monetary Fund ...................................... ............................ ............................ ............................ ............................ ............................ ............................. ............................ ............................ 45 Foreign currencies ........................................................................................... –84 –57 –84 –57 –84 –57 ............................ ............................ 46 U.S. government assets, other than official reserve assets ................................. 6,006 1,222 6,042 1,175 6,084 1,203 –50 –28 47 U.S. credits and other long-term assets .......................................................... –424 –53 –336 –45 –288 –11 –48 –33 48 Repayments on U.S. credits and other long-term assets ................................ 66 74 20 36 14 33 0 3 4
@FedFRASER