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SURVEY OF CURRENT BUSINESS January 2001 • Volume 81 • Number 1 U.S. Department of Commerce Norman Y. Mineta, Secretary Economics and Statistics Administration Robert J. Shapiro, Under Secretary for Economic Affairs Bureau of Economic Analysis J. Steven Landefeld, Director Rosemary D. Marcuss, Deputy Director Barbara M. Fraumeni, Chief Economist Suzette Kern, Associate Director for Management and Chief Administrative Officer Hugh W. Knox, Associate Director for Regional Economics Ralph Kozlow, Associate Director for International Economics Brent R. Moulton, Associate Director for National Income, Expenditure, and Wealth Accounts Sumiye Okubo, Associate Director for Industry Accounts Editor-in-Chief: Douglas R. Fox • Graphic Designer: W. Ronnie Foster, Manuscript Editor: M. Gretchen Gibson • Production Editor: Ernestine T. Gladden, Editor: Kristina L. Maze • Technical Advisor: Delores Barber This issue went to the printer on January 12, 2001. It incorporates data from the following monthly BEA news releases: U.S. International Trade in Goods and Services (December 19, 2000), Gross Domestic Product (December 21), and Personal Income and Outlays (December 22). The SURVEY OF CURRENT BUSINESS (ISSN 0039-6222) is published monthly by the Bureau of Economic Analysis of the U.S. Department of Commerce. Editorial correspondence should be addressed to the Editor-in-Chief, SURVEY OF CURRENT BUSINESS, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. Subscriptions to the SURVEY OF CURRENT BUSINESS are maintained, and the prices are set, by the U.S. Government Printing Office, an agency of the U.S. Congress. Subscription and single-copy prices Second-class mail: $49.00 domestic, $61.25 foreign; first-class mail: $120.00 Single copy: $25.00 domestic, $31.25 foreign To subscribe, call 202-512-1800, or go to <bookstore.gpo.gov>. To inquire about your subscription, call 202-512-1806. Send changes of address to Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. Postage paid at Washington, DC and at additional mailing offices (USPS 337-790). The Secretary of Commerce has determined that the publication of this periodical is necessary in the transaction of the public business required by law of this Department. January 2001 SURVEY OF CURRENT BUSINESS TABLE OF CONTENTS l\egular features Business Situation Real GDP increased 2.2 percent in the third quarter of 2000, according to the "final" NIPA estimates; the downward revision of 0.2 percentage point from the "preliminary" estimates primarily reflected a downward revision to exports of goods and services. The prices of gross domestic purchases increased 2.0 percent; the downward revision of 0.3 percentage point primarily reflected a downward revision to the prices of personal consumption expenditures for services. Corporate profits increased $6.7 billion (0.7 percent at a quarterly rate), to $970.3 billion, in the third quarter. Annual Input-Output Accounts of the U.S. Economy, 1997 The 1997 input-output (I-O) accounts, the second annual update of the 1992 benchmark 1-0 accounts, present a detailed picture of how industries interact to provide input to, and take output from, each other. The accounts show that in terms of use, the fastest growing commodities in 1992-97 were computers, electronics, and data-processing services and that in general, this growth can be traced to growth in demand by both intermediate and final users. 47 U.S. International Transactions, Third Quarter 2000 The U.S. current-account deficit increased $8.8 billion, to $113.8 billion, in the third quarter of 2000; the increase was mostly accounted for by an increase in the deficit on goods and a decrease in the surplus on services. In the financial account, net recorded inflows decreased $29.7 billion, to $123.0 billion; financial inflows decreased more than financial outflows decreased. — Continued on the next page — SURVEY OF CURRENT BUSINESS Imports and statistical presentations 6 Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade, 2000:111 44 An Ownership-Based Framework of the U.S. Current Account, 1982-98 D-l BEA Current and Historical Data Inside back cover: Getting BEA's Estimates Back cover: Schedule of Upcoming BEA News Releases LOOKING AHEAD Trends in Personal Consumption Expenditures. An article discussing trends and cyclical developments in personal consumption expenditures for 1959-2000 is scheduled to be published in a forthcoming issue of the SURVEY. January 2001 SURVEY OF CURRENT BUSINESS January 2001 BUSINESS Ralph W. Morris prepared the first section of this article, and Daniel Larkins prepared the section on corporate profits. S I T U A T I O N EAL gross domestic product (GDP) increased ^ percent in the third quarter of 2000, according to the "final" estimates of the national income and product accounts (NIPA's), after increasing 5.6 percent in the second quarter (table 1 and chart I). 1 The 2.2-percent increase in the third quarter was the smallest increase in 4 years and was well below the 3.7-percent average annual growth rate over the current expansion, which began in the second quarter of 1991. The growth in real GDP reflected growth in both domestic and foreign demand. Domestic demand (gross domestic purchases) increased 3.0 percent, and foreign demand (exports of goods 1. Quarterly estimates in the NIPA's are expressed at seasonally adjusted annual rates. Quarter-to-quarter dollar changes are the differences between the published estimates. Quarter-to-quarter percent changes are annualized and are calculated from unrounded data unless otherwise specified. Real estimates are calculated using a chain-type Fisher formula with annual weights for all years and quarterly weights for all quarters; real estimates are expressed both as index numbers (1996=100) and as chained (1996) dollars. Price indexes (1996=100) are also calculated using a chain-type Fisher formula. Table 1.—Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers [Seasonally adjusted at annual rates] 2000 Change from preceding quarter W99 2. Gross domestic purchases—a measure of purchases by U.S. residents regardless of where the purchased goods and services were produced—is calculated as the sum of personal consumption expenditures, gross private domestic investment, and government consumption expenditures and gross investment. Selected Product Measures: Change from Preceding Quarter Percent 10 REAL GROSS DOMESTIC PRODUCT 10 ilhUhllil REAL GROSS NATIONAL PRODUCT ,l 1997 [On a Command-Basis I 199B 1999 2000 Note.-Percent change at annual ratefrompreceding quarter; based on seasonally adjusted estimates. Billions of chained (1996) dollars Level and services) increased 13.9 percent (table 2).2 The increase in domestic demand reflected increases in consumer spending and business fixed investment Percent change from preceding quarter 1999 U.S. Department of Commerce, Bureau of Economic Analysis 2000 Table 2.—Contributions to Percent Change in Real Gross Domestic Product 2000 [Seasonally adjusted at annual rates] 50.6 8.3 4.8 5.6 2.2 37.0 63.5 37.0 61.2 10.3 10.7 6.3 12,0 14.3 18.6 13.9 17.0 9,766.0 187.4 129.5 150.7 71.7 8.4 5.6 6.5 3.0 Gross domestic product 9,369.5 178.3 107.7 127.1 Less: Exports of goods and services .. Pius: Imports of goods and services ... 1,158.8 1,586.4 Equals: Gross domestic purchases . Less: Change in private inventories .... IMonfarm Farm Equals: Final sales to domestic purchasers Personal consumption expenditures Durable goods Nondurable goods Services Private fixed investment Nonresidential Structures Equipment and software Residential Government consumption expenditures and gross investment Federal National defense Nondefense State and local Addendum; Final sales of domestic product 72.5 67.4 5.0 25.8 35,7 16.4 40.8 41.8 -44.3 29.5 -40.0 12.9 -4.3 42.0 39.3 2.6 -6.1 -4.9 -1.2 9,687.3 147.6 169.5 110.6 76.8 6.6 7.5 6,329.8 903.2 1,882.6 3,559.3 1.791.3 1,438.8 286.6 1,162.4 362.3 87.2 112.5 47.1 69.2 25.6 46.4 -11.5 16.5 32.0 26.7 16.3 21.5 31.9 44.2 39.5 32.6 28.8 64.3 46.7 13.7 29.3 63.5 47.2 26.3 3.0 9.6 6.0 13.4 23.5 50.3 46.2 15.8 2.9 1.2 -10.3 .5 5.9 13.0 7.4 3.8 7.2 9.5 9.7 9.5 7.6 23.6 6,0 5.2 16.4 21.0 22.3 20.6 3.2 1,578.2 545.8 346.2 199.4 1,031.9 31.7 -4.4 17.1 -21.0 10.5 -19.4 6.6 -1.7 14.8 16.2 18.6 21.7 13.6 8.2 -2.8 -5.5 -13.0 -8.9 -4.2 7.3 8.5 -1.1 13,2 -14.2 12.6 -19.8 14.4 -3.3 6.1 6.6 9,290.9 138.7 147.5 87.3 55.6 6.4 6.7 4.7 3.2 4.5 3.1 -5.0 7.6 3.6 4.7 4.6 3.7 11.2 3.1 14.6 7.7 4,4 14.6 5.6 17.9 1.3 -10.6 4.8 17.2 16.9 17.8 -1.1 -1.4 -9.0 -9.7 -7.9 2.9 3.9, 2.4 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-doflar estimates usually m not additive. Chained (1996) dollar levels and residuals, which measure the extent of nonadditivity in each table, are shown in NIPA tables 1.2, 1.4, and 1.6. Percent changes are calculated from unrounded data. Percent changes in major aggregates are shown in NIPA table S.1. (See "Selected NIPA Tables," which begins on page D-2 in this issue.) 1999 Percent change at annual rate: Gross domestic product Percentage points at annual rates: Personal consumption expenditures Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories Net exports of goods and services Exports Goods Services Imports Goods Services Government consumption expenditures and gross investment .... Federal National defense Nondefense State and local 2000 8.3 4.8 5.6 2.2 4.08 1.04 1.47 1.58 3.04 1.26 1.22 .29 .94 .03 1.78 -.37 1.09 .94 .15 -1.45 -1.28 -.17 5.03 1.79 1.19 2.04 ,92 2.68 2.54 .63 1.91 .14 -1.76 -.94 .67 .46 .21 -1.61 -1.28 -.33 2.14 -.42 .74 1.83 3.66 1.93 1.87 .14 1.73 .06 1.73 -1.00 1,48 1.37 .11 -2.48 -2.26 -.22 2.99 .61 .93 1.46 .33 .55 1.02 .44 .58 -.47 -.22 -.90 1.45 1.54 -.09 -2.35 -1.90 -.44 1.50 .79 .48 .30 .71 -.18 -.93 -.86 -.07 .75 .85 .97 .60 .37 -.12 -.24 -.57 -.38 -.18 .33 NOTE.—More detailed contributions to percent change in real gross domestic product are shown in NIPA table 8.2. Contributions to percent change in major components of real gross domestic product are shown in tables 8.3 through 8.6. SURVEY OF CURRENT BUSINESS January 2001 that were partly offset by decreases in private residential investment, Federal Government spending, and private inventory investment.3 The increase in domestic demand also reflected a 17.0-percent increase in imports of goods and services. The deceleration in real GDP growth in the third quarter reflected downturns in private inventory investment, in Federal Government spending, and in private residential investment and a sharp deceleration in business investment in equipment 3. In the NIPA's, consumer spending is shown as personal consumption expenditures and government spending is shown as government consumption expenditures and gross investment. Table 3.—Revisions to Change in Real Gross Domestic Product and Prices, Third Quarter 2000 [Seasonally adjusted at annual rates] Percent change from preceding quarter Preliminary estimate Final estimate Final estimate minus preliminary estimate Percentage points Billions of chained (1996) dollars 2.4 2.2 -0.2 -4.0 Less: Exports of goods and services Goods Services 15.4 19.8 4.8 13.9 21.0 -2.8 -1.5 1.2 -7.6 -3.9 2.1 -5.5 Plus: Imports of goods and services Goods Services 17.4 16.6 22.1 17.0 16.2 22.3 -.4 -.4 .2 -1.3 -1.4 .1 3.1 3.0 -1 -1.7 Gross domestic product Equals: Gross domestic purchases . Less: Change in private inventories Farm Nonfarm Equals'. Final sales to domestic purchasers Personal consumption expenditures , Durable goods Nondurable goods Services Fixed investment Nonresidential Structures Equipment and software . Residential Government consumption expenditures and gross investment . Federal National defense Nondefense State and local Addenda: Final sales of domestic product Gross domestic purchases price index GDP price index -1.0 0 -1.0 3.3 3.2 -.1 4.5 8.1 4.8 3.7 4.5 7.6 4.7 3.7 0 -.5 -1 0 -.7 -.9 -.5 .6 3.3 7.8 14.9 5.8 -10.5 3.1 7.7 14.6 5.6 -10.6 -.2 _ q -.6 -.6 -.2 -.3 0 -1.5 -9.0 -9.6 -8.0 2.7 -1.4 -9.0 -9.7 -7.9 2.9 .1 0 -.1 .1 .2 2.6 2.3 1.9 2.4 2.0 1.6 -.2 -.3 -.3 _ •« -2 -.1 -3.2 NOTE.—The final estimates for the third quarter of 2000 incorporate the following revised or additional major source data that were not available when the preliminary estimates were prepared. Personal consumption expenditures: Revised retail sales for September and newly available brokerage services data for the third quarter. Nonresidential fixed investment: Revised construction put-in-place for August and September, revised manufacturers' shipments of machinery and equipment for September, and newly available unemployment insurance data for the second quarter. Residential fixed investment: Revised construction put in-place for August and September and revised sales of new houses for July through September. Change in private inventories: Revised manufacturing and trade inventories for September. Exports and imports of goods and services: Revised data on exports and imports of goods for September and revised international transactions data on exports and imports of services for the second and third quarters. Government consumption expenditures and gross investment: Revised State and local construction put-in-place for August and September. Wages and salaries: Revised employment, average hourly earnings, and average weekly hours for August and September. GDP prices: Revised export and import prices for June through September, revised unit-value index for petroleum imports for September, and revised prices of single-family houses under construction for the quarter. and software. These changes were partly offset by an acceleration in consumer spending and an upturn in State and local government spending. The final estimate of the change in real GDP is 0.2 percentage point less than the 2.4-percent increase indicated by the "preliminary" estimate reported in the December "Business Situation" (table 3). For 1978-99, the average revision (without regard to sign) from the preliminary estimate to the final estimate was 0.3 percentage point. The downward revision to third-quarter real GDP primarily reflected a downward revision to exports of goods and services, as a downward revision to services more than offset an upward revision to goods. The downward revision to exports of services reflected the incorporation of newly available quarterly data from BEA's international transactions accounts; the upward revision to exports of goods reflected the incorporation of revised Census Bureau data for September. Real gross domestic purchases increased 3.0 percent, 0.1 percentage point less than the preliminary estimate; in the second quarter, this measure increased 6.5 percent. Real final sales of domestic product increased 2.4 percent, 0.2 percentage point less than the preliminary estimate; in the second quarter, this measure increased 3.9 percent.4 The prices of gross domestic purchases increased 2.0 percent, 0.3 percentage point less than the preliminary estimate; in the second quarter, these prices increased 2.1 percent. The downward revision primarily reflected downward revisions to the prices of "other" personal consumption expenditures (PCE) for services, specifically, revisions to the implicit prices of imputed financial charges that resulted from the incorporation of newly available data from the Federal Deposit Insurance Corporation. GDP prices increased 1.6 percent in the third quarter, also 0.3 percentage point less than the preliminary estimate; in the second quarter, GDP prices increased 2.4 percent. Real disposable personal income (DPI) increased 2.6 percent in the third quarter, 0.2 percentage point more than the preliminary estimate; in the second quarter, real DPI increased 3.7 percent. Current-dollar DPI increased 4.4 percent in the third quarter, 0.2 percentage point less than the preliminary estimate; the downward revision was 4. Final sales of domestic product is calculated as GDP less change in private inventories. SURVEY OF CURRENT BUSINESS more than accounted for by a downward revision to personal interest income, reflecting the incorporation of newly available data from the Federal Deposit Insurance Corporation. The upward revision to real DPI reflected the downward revision to the implicit price deflator for PCE, which is used to deflate current-dollar DPI. The personal saving rate—personal saving as a percentage of current-dollar DPI—was -0.2 percent, the same as the preliminary estimate; in the second quarter, the rate was 0.3 percent. January 2001 The national saving rate—gross saving as a percentage of GNP—was 18.5 percent in the third quarter, down slightly from 18.6 percent in the second quarter. The national saving rate has ranged from 18.2 to 18.6 percent in the last six quarters after ranging from 18.7 to 19.0 percent in the preceding five quarters. Corporate Profits According to revised estimates, profits from current production increased $6.7 billion (or 0.7 percent at a quarterly rate) in the third quarter after increasing $27.3 billion (2.9 percent) in the second quarter (table 5).7 Profits from the rest of the world increased $7.8 billion (5.8 percent) in the third quarter, as pay- Gross national product (GNP).—In the third quarter, real GNP—goods and services produced by labor and property supplied by U.S. residents—increased 2.1 percent, 0.1 percentage point less than real GDP (table 4).5 Income receipts from the rest of the world decreased more than income payments to the rest of the world; both decreases reflected corporate profits. Real GNP on a command basis, which measures the purchasing power of goods and services produced by the U.S. economy, increased less than real GNP—1.8 percent, compared with 2.1 percent— reflecting a deterioration in the terms of trade.6 In the second quarter, real GNP on a command basis increased more than real GNP—5.9 percent, compared with 5.6 percent—reflecting an improvement in the terms of trade. The terms of trade had deteriorated in each of the preceding four quarters. 6. In the estimates of command-basis GNP, the current-dollar value of the sum of exports of goods and services and income receipts is deflated by the implicit price deflator (IPD) for the sum of imports of goods and services and income payments. The terms of trade is a measure of the relationship between the prices that are received by U.S. producers for exports of goods and services and the prices that are paid by U.S. purchasers for imports of goods and services. It is measured by the following ratio, with the decimal point shifted two places to the right: In the numerator, the IPD for the sum of exports of goods and services and of income receipts; in the denominator, the IPD for the sum of imports of goods and services and of income payments. Changes in the terms of trade reflect the interaction of several factors, including movements in exchange rates, changes in the composition of the traded goods and services, and changes in producers' profit margins. For example, if the U.S. dollar depreciates against a foreign currency, a foreign manufacturer may choose to absorb this cost by reducing the profit margin on the product it sells to the United States, or it may choose to raise the price of the product and risk a loss in market share. 7. Profits from current production is estimated as the sum of profits before tax, the inventory valuation adjustment, and the capital consumption adjustment; it is shown in NIPA tables 1.9, 1.14, 1.16, and 6.16C (see "Selected NIPA Tables," which begins on page D-2 of this issue) as corporate profits with inventory valuation and capital consumption adjustments. Percent changes in profits are shown at quarterly, not annual, rates. 5. GNP equals GDP plus income receipts from the rest of the world less income payments to the rest of the world. Table 4.—Relation of Real Gross Domestic Product, Real Gross National Product, and Real Command-Basis Gross National Product [Seasonally adjusted at annual rates] Billions of chained (1996) dollars Level Percent change from preceding Change from preceding quarter 1QQQ 2000 1999 III IV 2000 I II III IV I II III 9,369.5 178.3 107.7 127.1 50.6 8.3 4.8 5.6 2.2 348.7 354.8 14.3 13.0 15.8 10.8 21.2 22.1 -4.5 -3.1 20.3 17.7 21.6 14.0 28.1 29.1 -5.0 -3.4 Equals: Gross national product 9,362.8 179.6 112.7 126.0 49.1 8.3 5.1 5.6 2.1 Less: Exports of goods and services and income receipts from the rest of the world 1,508.9 40.6 33.0 58.9 31.4 12.6 9.9 17.7 8.8 6.5 Gross domestic product Plus: Income receipts from the rest of the world Less: Income payments to the rest of the world Plus: Command-basis exports of goods and services and income receipts from the rest of the world ] 1,532.8 33.6 24.5 65.5 23.9 10.1 7.1 19.4 Equals: Command-basis gross national product 9,386.7 172.6 104.2 132.6 41.6 8.0 4.7 5.9 1.8 101.6 -.6 _j .4 -.5 -2.3 -2.7 1.6 -1.9 Addendum: Terms of trade 2 1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and services and income payments. 2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding implicit price deflator for imports divided by 100. N o T E See note to table 1 for an explanation of chained (1996) dollar series. Levels of these s e r j e s a r e S h 0W n in NIPA tables 1.10 and 1.11. SURVEY OF CURRENT BUSINESS January 2001 merits by U.S. affiliates of foreign corporations decreased more than receipts of earnings from foreign affiliates of U.S. corporations.8 Profits of domestic financial corporations increased $6.1 billion (3.6 percent). Profits of domestic nonfinancial corporations decreased $7.1 billion (1.1 percent). Unit profits of domestic nonfinancial corporations decreased, as unit costs increased more than unit prices; the real product of these corporations increased 1.1 percent (or 4.4 percent at an annual rate). The revised estimate of profits from current production is $0.9 billion lower than the preliminary estimate. Profits of domestic nonfinancial corporations were revised down $5.3 billion; this revision was largely offset by upward revisions to 8. Profits from the rest of the world is calculated as (1) receipts by U.S. residents of earnings from their foreign affiliates plus dividends received by U.S. residents from unaffiliated foreign corporations minus (2) payments by U.S. affiliates of earnings to their foreign parents plus dividends paid by U.S. corporations to unaffiliated foreign residents. These estimates include capital consumption adjustments (but not inventory valuation adjustments) and are derived from BEA's international transactions accounts. profits of domestic financial corporations ($1.7 billion) and to profits from the rest of the world ($2.7 billion). Cash flow from current production, a profitsrelated measure of internally generated funds available for investment, increased $20.1 billion after increasing $35.3 billion.9 The ratio of cash flow to nonresidential fixed investment—an indicator of the share of the current level of investment that could be financed by internally generated funds—decreased from 74.3 percent to 74.0 percent, its lowest level since 1986. Domestic industry profits and related measures.— Domestic industry profits increased $3.9 billion after increasing $27.7 billion.10 Profits of domestic 9. Cash flow from current production is undistributed profits with inventory valuation and capital consumption adjustments plus the consumption of fixed capital. 10. Domestic industry profits are estimated as the sum of corporate profits before tax with the inventory valuation adjustment; they are shown in NIPA table 6.16C (on page D-17 of this issue). Estimates of the capital consumption adjustment do not exist at a detailed industry level; they are available only for the totalfinancialand total nonfinancial industries. Table 5. Corporate Profits [Seasonally adjusted] Billions of dollars (annual rate) Level Profits from current production Domestic industries Financial Nonfinancial Rest of the world Receipts (inflows) Payments (outflows) IVA CCAdj Profits before tax Profits tax liability Profits after tax ... .. Cash flow from current production Domestic industry profits: Corporate profits of domestic industries with IVA Financial Nonfinancial Manufacturing Transportation and public utilities Wholesale trade Retail trade Other Percent change (quarterly rate) Change from preceding quarter 2000 1999 III IV 1999 II IV I III III II 970.3 828.1 175.2 653.0 142.1 202.9 60.8 51.2 42.6 19.7 22.9 86 5.3 -3.3 43.1 34.7 4.0 30.8 8.4 13.1 4.8 27.3 21.9 -5.5 27.3 5.4 12.0 6.5 6.7 -1.2 6.1 -7.1 7.8 -3.9 -11.7 6.1 5.8 13.1 3.9 7.6 3.0 -5.2 4.8 4.5 2.3 5.1 7.0 7.2 7.8 2.9 2.7 -3.2 4.3 4.2 6.2 10.0 0.7 -.1 3.6 -1.1 5.8 -1.9 -16.2 -4.5 29.7 945.1 290.6 654.4 .5 -1.1 51.7 16.6 35.1 -5.8 -1.0 50.0 15.5 34.5 11.4 -5.9 21.8 5.7 16.0 9.1 -5.0 2.6 -1.4 4.0 6.3 6.6 6.2 5.7 5.7 5.7 2.4 2.0 2.5 .3 -.5 .6 1,029.6 34.8 37.7 35.3 20.1 3.9 4.0 3.6 2.0 798.4 195.5 602.9 192.1 103.1 71.1 91.8 144.9 43.6 20.1 23.6 -6.8 12.8 4.9 6.5 6.2 35.8 4.6 31.1 20.7 .5 2.0 8.3 -.4 27.7 -3.8 31.6 8.1 2.0 8.5 2.2 10.8 3.9 7.4 -3.6 -9.7 -.8 1.4 -.6 6.2 6.3 12.0 4.5 -3.8 14.4 9.0 8.7 5.0 4.9 2.5 5.7 12.0 .5 3.3 10.1 -.3 3.6 -2.0 5.5 4.2 2.0 14.0 2.4 8.4 .5 4.0 -6 -4.8 -8 1.9 .6 4.5 0.006 .001 0.001 .002 0 -.003 Dollars Unit price, costs, and profits of nonfinancial corporations: Unit price Unit labor cost Unit nonlabor cost Unit profits from current production 2000 2000 1.032 .661 .247 .123 0 -.003 .001 .002 NOTE—Levels of these and other profits series are in NIPA tables 1.14, 1.16, 6.16C, and 7.15. IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 0.006 0 .002 .004 002 .004 SURVEY OF CURRENT BUSINESS nonfinancial corporations decreased $3.6 billion after increasing $31.6 billion. Profits of manufacturing, retail trade, and the transportation and utilities group turned down, and profits of wholesale trade and "other nonmanufacturing" increased less than in the second quarter.11 The downturn in manufacturing was largely accounted for by chemicals, petroleum, and electronic equipment. Profits of domestic financial corporations increased $7.4 billion after decreasing $3.8 billion. Profits before tax (PBT) increased $2.6 billion after increasing $21.8 billion. For the third quarter, the difference between the increase in PBT and the 11. "Other nonmanufacturing" industries include agriculture, mining, construction, and services. increase in profits from current production reflected an increase in the inventory valuation adjustment that was partly offset by a decrease in the capital consumption adjustment.12 H 12. As prices change, companies that value inventory withdrawals at original acquisition (historical) costs may realize inventory profits or losses. Inventory profits—a capital-gains-like element in profits—result from an increase in inventory prices, and inventory losses—a capital-loss-like element in profits—result from a decrease in inventory prices. In the NIPA's, inventory profits or losses are removed from business incomes by the inventory valuation adjustment (IVA); a negative IVA removes inventory profits, and a positive IVA removes inventory losses. The capital consumption adjustment converts depreciation of fixed assets valued at historical cost and based on service lives and depreciation patterns specified in the tax code to depreciation valued at replacement cost and based on empirical evidence on the prices of used equipment and structures in resale markets. For more information on depreciation in the NIPA's, see Shelby W. Herman, "Fixed Assets and Consumer Durable Goods: Estimates for 1925-98," SURVEY OF CURRENT BUSINESS 80 (April 2000): 17-30. January 2001 SURVEY OF CURRENT BUSINESS January 2001 Real Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and Trade, 2000:111 TABLES 1, 2, AND 3 SHOW quarterly and monthly estimates of real inventories, sales, and inventory-sales ratios, respectively. Table 4 shows real manufacturing inventories by stage of fabrication. Real estimates are in chained (1996) dollars. Data availability Quarterly estimates for 1996:IV-2000:I of real manufacturing and trade inventories, sales, and inventorysales ratios and of real manufacturing inventories by stage of fabrication were published in the October 2000 SURVEY OF CURRENT BUSINESS. The estimates for 1967-99 are available as downloadable files on BEA's Web site at <www.bea.doc.gov>; click on "GDP and related data" and look under "Supplementary estimates " underlying detail estimates for change in private inventories, historical file. The most recent estimates are also available by subscription from BEA: On diskette as part of the NIPA monthly update (product number NDS-0171, price $204.00) and as separate monthly printouts (product number NLS-0166, price $108.00). To order, call the BEA Order Desk at 1-800-704-0415 (outside the United States, 202-606-9666). H Table 1.—Real Manufacturing and Trade Inventories, Seasonally Adjusted, End of Period Table 2.—Real Manufacturing and Trade Sales, Seasonally Adjusted at Monthly Rate [Billions of chained (1996) dollars] [Billions of chained (1996) dollars] May Manufacturing and trade . Manufacturing Durable goods Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment . Transportation equipment Motor vehicles and equipment Other transportation equipment Other durable goods1 Nondurable goods Food and kindred products Paper and allied products Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastic products Other nondurable goods2 Merchant wholesalers Durable goods Nondurable goods Groceries and farm products .... Other nondurable goods Retail trade Durable goods Motor vehicle dealers3 .. Other durable goods3 .., Nondurable goods Food stores Other nondurable goods June July Aug. r Sepf Oct. Manufacturing and trade 1,186.3 1,200.9 1,178.7 1,186.3 1,192.3 1,199.0 1,200.9 1,207.5 477.9 483.5 906.3 May June July 907.0 911.5 907.7 Aug.' 915.4 Sepf Oct, 911.5 475.9 477.9 481.8 482.9 483.5 485.9 377.9 376.8 379.5 381.2 374.7 379.4 297.5 25.2 30.8 63.3 50.1 63.5 17.7 45.8 65.1 298.5 25.3 31.0 63.7 50.4 63.3 17.8 45.6 65.3 301.0 25.5 31.3 64.6 51.2 63.4 18.0 45.5 65.7 302.5 25.4 31.5 65.1 51.6 63.3 18.1 45.4 66.3 302.3 25.4 31.3 65.2 51.3 63.3 18.2 45.2 66.5 304.7 25.4 31.3 66.1 52.3 63.6 18.2 45.5 66.9 Durable goods Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment .... Transportation equipment Motor vehicles and equipment Other transportation equipment Other durable goodsx 224.7 16.6 20.0 54.1 42.5 49.5 34.0 15.5 43.8 224.5 16.4 19.7 56.1 43.6 47.4 32.9 14.5 43.6 225.6 16.6 20.1 54.1 42.8 49.8 33.9 15.8 44.1 228.7 16.7 20.0 53.8 43.7 52.1 35.4 16.6 44.0 222.9 16.5 19.8 56.4 43.1 46.4 33.3 13.2 43.1 225.4 16.4 19.9 56.2 43.6 47.5 32.4 15.1 44.1 16.2 19.6 55.8 44.0 48.3 33.1 15.2 43.7 16.0 19.4 56.7 43.6 46.0 32.4 13.6 43.9 180.4 41.6 17.4 50.1 11.8 17.5 41.6 181.2 41.1 17.4 50.6 11.9 17.5 42.1 181.2 41.0 17.3 50.6 12.0 17.6 42.1 Nondurable goods Food and kindred products Paper and allied products Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastic products Other nondurable goods2 154.0 42.5 13.8 34.1 15.0 14.5 34.3 153.1 42.8 13.6 34.0 14.8 14.2 33.9 154.6 42.3 13.8 34.5 14.8 14.7 34.6 153.6 42.3 13.7 34.0 15.1 14.6 34.1 152.7 42.2 13.7 33.9 14.9 14.2 33.9 154.8 43.2 13.5 34.3 15.4 14.3 34.2 42.9 13.6 33.9 14.3 14.0 33.7 42.9 13.5 33.9 14.8 14.0 33.5 250.3 252.8 249.2 251.8 252.1 253.9 137.3 113.0 45.2 67.8 137.8 115.0 46.8 68.4 137.5 111.8 44.4 67.4 137.6 114.2 46.2 68.1 137.0 115.0 46.9 68.2 138.5 115.4 47.2 68.5 46.3 68.5 45.8 68.4 278.0 281.8 278.2 278.4 280.8 282.0 282.5 282.6 123.6 65.2 56.1 157.8 38.1 119.1 125.3 66.0 56.8 160.4 37.8 121.7 123.4 64.9 56.3 158.2 37.9 119.6 123.5 65.3 56.0 158.4 38.1 119.5 125.0 66.0 56.5 159.7 37.8 121.1 124.9 65.6 56.8 160.8 37.8 122.3 126.1 66.4 56.9 160.6 37.9 121.9 125.2 65.7 56.8 161.4 38.2 122.5 31.0 31.3 65.2 17.8 45.6 18.2 45.2 41.8 17.2 49.1 12.0 17.4 41.5 41.1 17.4 50.6 11.9 17.5 42.1 178.4 41.8 17.2 48.4 11.9 17.4 41.2 179.4 41.8 17.2 49.1 12.0 17.4 41.5 180.8 41.8 17.5 50.0 12.0 17.5 41.5 336.0 340.0 333.1 336.0 337.0 340.0 340.9 217.4 118.6 40.7 78.1 218.7 121.3 41.9 79.6 215.0 118.1 40.8 77.5 217.4 118.6 40.7 78.1 217.7 119.3 40.9 78.5 218.7 120.8 41.7 79.3 218.7 121.3 41.9 79.6 219.2 121.6 41.6 80.2 372.2 369.7 372.2 373.4 376.4 377.2 380.5 132.4 205.8 104.8 101.0 163.9 32.3 131.7 208.2 106.4 101.8 164.2 31.8 132.4 209.9 107.9 102.0 163.7 31.7 132.1 211.5 108.6 102.9 165.1 31.7 133.4 211.7 109.0 102.6 165.7 31.9 134.0 213.6 110.2 103.4 167.1 31.9 135.3 165.7 31.9 134.0 2000 2000 2000 2000 p Manufacturing Merchant wholesalers . Durable goods Nondurable goods Groceries and farm products . Other nondurable goods Durable goods Motor vehicle dealers? Other durable goods ^ Nondurable goods Food stores Other nondurable goods p Preliminary. Revised. 1. Includes lumber and wood products; furniture and fixtures; stone, clay, and glass products; instruments and related products; and miscellaneous manufacturing industries. 2. Includes tobacco manufacturers; textile mill products; apparel products; printing and publishing; and leather and leather products. 3. Prior to 1981, inventories and sales of auto and home supply stores are included in motor vehicle dealers. Beginning with 1981, these inventories are included in "other durable goods." Preliminary. Revised. 1. Includes lumber and wood products; furniture and fixtures; stone, clay, and glass products; instruments and related products; and miscellaneous manufacturing industries. 2. Includes tobacco manufacturers; textile mill products; apparel products; printing and publishing; and leather and leather products. 3. Prior to 1981, inventories and sales of auto and home supply stores are included in motor vehicle dealers. Beginning with 1981, these inventories are included in "other durable goods." NOTE—Manufacturing inventories are classified by the type of product produced by the establishment holding the inventory. Trade inventories are classified by the type of product sold by the establishment holding the inventory. Chained (1996) dollar inventory series are calculated to ensure that the chained (1996) dollar change in inventories for 1996 equals the current-dollar change in inventories for 1996 and that the average of the 1995 and 1996 end-of-year chain-weighted and fixed-weighted inventories are equal. Chained (1996) dollar final sales are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. NOTE—Chained (1996) dollar sales are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. r r SURVEY OF CURRENT BUSINESS January 2001 Table 3.—Real Inventory-Sales Ratios for Manufacturing and Trade, Seasonally Adjusted Table 4.—Real Manufacturing Inventories by Stage of Fabrication, Seasonally Adjusted, End of Period [Ratio, based on chained (1996) dollars] [Billions of chained (1996) dollars] 2000 May Durable goods Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Transportation equipment Motor vehicles and equipment Other transportation equipment Other durable goods1 Nondurable goods Food and kindred products Paper and allied products Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastic products Other nondurable goods2 July 2000 Aug." Sept.r 1.32 1.32 1.30 1.30 1.31 1.31 1.26 1.28 1.25 1.25 1.29 1.27 1.33 1.53 1.55 1.18 1.19 1.28 .52 2.95 1.35 1.55 1.59 1.16 1.18 1.34 .55 3.13 1.53 1.32 1.52 1.53 1.17 1.17 1.28 .52 2.90 1.48 1.31 1.51 1.55 1.18 1.16 1.22 .50 2.75 1.48 1.35 1.55 1.59. 1.15 1.19, 1.36 .54 3.46 1.53 1.34 1.55 1.58 1.16 1.18 1.33 .56 3.01 1.50 1.34 1.56 1.60 1.17 1.17 1.31 .55 2.97 1.52 1.37 1.58 1.61 1.16 1.20 1.38 .56 3.34 1.52 1.17 .96 1.29 1.46 .77 1.22 1.22 1.19 .96 1.28 1.50 .84 1.19 .96 1.28 1.50 .81 Manufacturing and trade Manufacturing June 1.25 1.44 1.28 1.49 1.19 1.21 1.24 1.24 1.24 1.40 .80 1.18 1.19 1.26 1.44 .80 1.19 1.22 1.28 1.48 1.23 1.22 1.30 Retail trade Durable goods Motor vehicle dealers3 Other durable goods3 Nondurable goods Food stores Other nondurable goods 1.59 1.05 .90 1.16 1.56 1.06 1.58 1.04 1.69 1.65 1.81 1.03 .84 1.10 1.67 1.62 1.79 1.04 .85 1.10 1.69 1.63 1.82 1.04 .84 1.11 1.04 .87 1.15 1.59 1.06 .91 1.16 1.59 1.07 .91 1.17 1.68 1.64 1.80 1.03 .84 1.10 1.71 1.68 1.82 1.04 .84 1.11 1.34 1.68 1.63 1.81 1.04 .84 1.11 1.68 1.64 1.80 1.03 1.69 1.66 1.81 1.03 .84 1.09 July Aug. r Sepf Oct. Durable goods Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Other durable goods1 Nondurable goods Food and kindred products Paper and allied products Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastic products Other nondurable goods2 170.0 168.2 170.0 167.9 168.2 169.2 102.5 8.8 11.9 22.9 19.6 9.4 5.3 24.7 104.0 8.8 11.8 23.3 20.2 10.0 5.1 25.1 102.1 22.4 19.7 9.5 5.5 24.4 102.5 8.8 11.9 22.9 19.6 9.4 5.3 24.7 103.2 8.9 12.0 22.7 20.0 9.7 5.4 24.7 104.2 8.8 12.0 23.2 20.4 9.7 5.4 24.9 65.7 13.3 8.3 16.0 3.9 7.2 16.7 13.3 8.3 16.2 3.8 7.2 17.1 65.8 13.3 8.4 16.0 3.9 7.2 16.7 65.7 13.3 8.3 16.0 3.9 7.2 16.7 65.9 13.3 8.4 16.1 3.8 7.3 16.9 136.0 134.9 136.0 136.0 107.1 8.4 8.7 19.6 15.9 4.3 34.1 16.2 105.5 8.5 8.6 19.2 15.0 4.1 33.8 16.4 107.5 8.3 8.6 19.8 15.7 4.3 34.5 16.5 107.1 8.4 8.7 19.6 15.9 4.3 34.1 16.2 28.9 7.1 1.7 7.5 2.7 2.2 7.7 104.0 104.4 23.3 22.9 5.1 25.1 5.5 25.2 65.8 13.3 8.3 16.0 3.8 7.3 16.9 13.3 8.3 16.2 3.8 7.2 17.1 13.3 8.2 15.8 3.7 7.2 17.0 136.1 135.3 134.9 135.6 106.7 8.4 8.7 19.9 15.8 4.0 33.7 16.3 105.9 8.5 8.7 19.4 15.7 4.0 33.4 16.4 105.5 8.5 8.6 19.2 15.0 4.1 33.8 16.4 105.6 8.4 8.7 19.7 15.1 4.2 33.4 16.4 29.4 7.0 1.7 8.1 2.7 2.2 7.5 29.3 7.0 1.7 8.0 2.7 2.1 7.7 29.3 6.9 1.7 8.0 2.7 2.2 7.7 6.8 1.7 8.3 2.9 2.2 7.7 94.9 8.1 10.9 23.6 16.7 4.1 6.6 25.2 20.9 7.3 26.5 5.4 8.2 17.4 Work-in-process p Preliminary. r Revised. 1. Includes lumber and wood products; furniture and fixtures; stone, clay, and glass products; instruments and related products; and miscellaneous manufacturing industries. 2. Includes tobacco manufacturers; textile mill products; apparel products; printing and publishing; and leather and leather products. 3. Prior to 1981, inventories and sales of auto and home supply stores are included in motor vehicle dealers. Beginning with 1981, these inventories are included in "other durable goods." NOTE.—Manufacturing inventories are classified by the type of product produced by the establishment holding the inventory. Trade inventories are classified by the type of product sold by the establishment holding the inventory. Manufacturing Manufacturing 1.58 1.05 .90 1.15 June Materials and supplies Merchant wholesalers Durable goods Nondurable goods Groceries and farm products Other nondurable goods May Durable goods Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Other durable goods1 Nondurable goods Food and kindred products Paper and allied products Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastic products Other nondurable goods2 28.9 7.1 1.7 7.5 2.7 2.2 7.7 Finished goods 180.6 Manufacturing Durable goods Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Other durable goods1 Nondurable goods Food and kindred products Paper and allied products Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastic products Other nondurable goods2 8.0 10.5 21.2 14.9 4.1 6.2 24.3 93.0 8.1 10.9 22.9 16.1 4.1 6.3 25.0 88.0 8.1 10.3 21.2 14.7 4.0 5.8 24.2 8.0 10.5 21.2 14.9 4.1 6.2 24.3 8.2 10.6 22.1 15.3 4.3 6.4 24.7 8.1 10.8 22.6 15.5 4.3 6.6 25.0 93.0 8.1 10.9 22.9 16.1 4.1 6.3 25.0 84.7 21.4 7.2 25.6 5.3 8.0 17.1 85.8 20.8 7.4 26.4 5.5 8.1 17.3 21.3 7.1 25.2 5.3 8.0 16.9 7.2 25.6 5.3 8.0 17.1 85.4 21.4 7.4 25.9 5.4 8.0 17.0 85.3 21.3 7.4 26.0 5.3 8.1 17.0 85.8 20.8 7.4 26.4 5.5 8.1 17.3 p Preliminary. Revised. 1. Includes lumber and wood products; furniture and fixtures; stone, clay, and glass products; instruments and related products; and miscellaneous manufacturing industries. 2. Includes tobacco manufacturers; textile mill products; apparel products; printing and publishing; and leather and leather products. r NOTE.—Manufacturing inventories are classified by the type of product produced by the establishment holding the inventory. Chained (1996) dollar inventory series are calculated to ensure that the chained (1996) dollar change in inventories for 1996 equals the current-dollar change in inventories for 1996 and that the average of the 1995 and 1996 end-of-year chain-weighted and fixed-weighted inventories are equal. Chained (1996) dollar final sales are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. SURVEY OF CURRENT BUSINESS January 2001 Annual Input-Output Accounts of the U.S. Economy, 1997 By Peter D. Kuhbach and Mark A. Planting O 18, 2000, the Bureau of Economic Analysis (BEA) released the 1997 annual input-output (I-O) accounts for the U.S. economy. These accounts, which present estimates for 94 industries, are based on the 1992 benchmark 1-0 accounts and are prepared using 1997 estimates of industry and commodity output and the 1997 estimates of gross domestic product (GDP) from last summer's annual revision of the national income and product accounts.1 The 1997 I-O accounts are the second annual update of the 1992 benchmark I-O accounts.2 Highlights from the release of these accounts include the following: • In terms of use, the fastest growing commodities in 1992-97 were among those that are frequently associated with high technologycomputers, electronics, and data-processing services. • The use of commodities that are often associated with outsourcing—data-processing services and other business and professional services—also grew rapidly in 1992-97. • The I-O accounts now include a new table that provides total requirements multipliers on an industry-by-industry basis; this information is useful for analyzing industry-toindustry linkages. The I-O accounts provide estimates of domestic production by commodity and industry, the export and import of commodities (goods and services), the use of commodities by each industry, N DECEMBER 1. For an overview of the I-O accounts, see Ann M. Lawson, "Benchmark Input-Output Accounts for the U.S. Economy, 1992: Make, Use, and Supplementary Tables," Survey of Current Business 77 (November 1997): 36-82; and "Benchmark Input-Output Accounts for the U.S. Economy, 1992: Requirements Tables," Survey 77 (December 1997): 22-47. For information on last summer's annual revision, see Eugene P. Seskin and David F. Sullivan, "Annual Revision of the National Income and Product Accounts," Survey 80 (August 2000): 6-139. 2. Sumiye Okubo, Ann M. Lawson, and Mark A. Planting, "Annual InputOutput Accounts of the U.S. Economy, 1996," Survey 80 (January 2000): 37-86. Table A.—The Use of Commodities by Industries, 1997 [Millions of dollars] Industriesl Agriculture Mining Construction Manufacturing Transportation, communication, and utilities Final uses (GDP) Trade Finance, insurance, and real estate Services Other2 Total intermediate use3 Personal Gross Change in consumpprivate private tion fixed inventories expendiinvestment tures Exports of goods and services Imports of goods and services Government consumption expenditures and gross investment 3,697 23,495 -22,910 2,602 41,619 6 7,755 -64,199 -457 -55,653 163,793 207,157 728,752 944,308 207,125 1,583,097 3,807,147 562,601 1,231,397 GDP4 Total commodity output4 Commodities Agricultural products 75,136 68 5,389 149,211 129 1,579 10,077 11,380 519 253,487 34,735 366 32,553 6,838 114,592 62,084 32 5 31 2,946 219,446 105 3,433 4,667 910 27,284 44,440 11,644 71,490 27,059 24,630 215,556 280,614 1,372,483 76,942 68,213 19,490 321,518 18,169 2,224,050 1,034,046 Minerals Construction 1,138 38,559 527,893 -769,466 16,523 1,272 69,732 -14,026 106,057 6,073 73,343 19,617 21,491 1,050,306 1,499,166 69,079 -6,551 36,709 1,423,479 2,309,627 3,836 2,066,015 3,390,222 544,940 Manufactured products 51,547 15,073 Transportation, communication, and utilities 12,556 12,774 23,280 177,408 189,881 66,496 49,841 115,845 20,717 668,796 418,531 Trade 14,741 3,803 75,419 233,912 17,528 31,455 4,821 64,471 2,712 448,860 823,726 21,530 28,676 15,282 68,253 36,873 101,356 384,113 223,024 7,042 886,148 1,280,702 43,539 8,169 5,766 91,581 229,463 131,390 200,523 172,740 472,863 160 26 1,020 13,218 3,016 10,713 24,350 23,638 2,788 78,927 -94 59 1,732 20,768 22,794 6,986 7,424 4,935 1,410 66,109 43,989 Total intermediate inputs 187,696 105,138 500,334 2,406,591 585,077 498,996 Value added3 110,194 69,732 443,974 1,477,593 613,228 996,291 1,605,509 1,938,409 1,063,511 Total industry output4 297,890 174,870 . ... Finance, insurance, and real estate Services Other 2 Noncomparable imports 744,349 1,264,765 The input-output (I-O) accounts use two classification systems, one for industries and another for commodities, but both systems generally use the same 1-0 numbers and titles. 2 "Other" consists of government enterprises, general government industry, household industry, and the inventory valuation adjustment. 11,713 1,324,207 1,893,544 70,570 139,971 318 35,226 -6,880 -46,033 13,002 95,055 -5,837 928,245 984,337 -120,721 10,623 -66,110 1,063,264 92,643 6,385,588 944,308 3,884,184 1,198,305 1,495,287 2,349,857 3,203,175 1,156,154 1 74 521,520 295,106 3 5,529,283 1,327,654 62,926 901,651 -990,973 1,487,901 8,318,442 14,704,030 Value added includes: compensation of employees, indirect business tax and nontax liability, and other value added. "Other value added" consists of the following national income and product accounts components of gross domestic income: Consumption of fixed capital, net interest, proprietors' income, corporate profits, rental income of persons, business transfer payments, and subsidies less current surplus of government enterprises. 4 Detail may not sum to totals due to rounding. 10 • January 2001 SURVEY OF CURRENT BUSINESS Table B.—Commodity Output, Imports, and Total Consumption, 1992,1996, and 1997 [Millions of dollars] Output Commodity number Total consumption Imports Description 1992 1996 1997 1992 1996 10,857,353 13,789,458 14,704,030 631,637 904,689 990,973 11,487,126 14,682,707 15,670,636 235,591 89,375 287,694 96,065 137,455 14,536 39,638 295,106 100,418 136,349 14,925 43,414 14,601 2,061 6,860 5,659 21 20,468 2,420 10,614 7,423 11 22,910 2,558 11,969 8,371 12 245,345 90,579 104,546 11,865 29,805 107,371 17,569 29,826 303,155 99,756 141,800 21,950 39,649 314,319 103,363 144,299 23,231 43,426 147,562 10,739 26,917 97,623 12,283 162,445 12,839 22,908 112,299 14,400 163,793 12,879 22,973 112,799 15,143 43,527 -1,488 133 43,984 64,795 -2,087 286 65,560 64,199 -1,921 306 64,550 1,263 191,196 9,275 27,053 141,712 13,156 226,216 10,831 22,933 177,516 14,936 227,987 10,945 23,237 177,546 16,259 679,330 456,949 867,665 588,735 944,308 640,725 679,330 456,949 867,665 588,735 944,308 640,725 222,381 278,930 303,583 222,381 278,930 303,583 2,890,437 22,217 408,757 40,147 37,528 17,983 68,637 21,021 87,127 42,849 98,497 31,743 19,895 81,202 3,592,909 18,302 464,948 39,782 40,813 21,050 71,155 24,968 111,795 54,527 116,899 39,233 22,485 95,247 134,434 22,556 63,071 77,890 48,232 17,627 173,581 3,807,147 18,827 485,921 41,558 44,147 21,522 71,751 27,251 117,788 60,223 114,078 38,413 24,336 98,353 149,370 24,613 67,749 85,355 52,380 18,346 175,401 4,272,672 19,033 489,164 40,547 45,853 23,079 120,702 28,655 124,166 63,993 132,286 39,691 22,763 97,435 153,943 26,128 69,389 96,594 50,649 17,837 147,440 9,007 21,609 58,228 97,252 83,073 13,298 65,017 46,842 75,433 23,890 46,356 12,414 37,404 33,514 39,519 38,101 93,717 36,571 38,562 20,425 23,424 77,999 4,538,054 20,673 512,209 41,250 49,550 23,863 124,639 31,268 130,466 71,574 128,036 38,609 24,681 99,669 170,720 27,406 74,491 109,561 55,009 18,654 188,880 175,471 27,203 26,012 69,356 118,840 121,203 90,630 37,543 118,833 23,783 47,510 156,843 9,532 22,613 62,304 102,368 87,421 13,021 71,140 52,688 78,094 24,588 53,075 13,945 40,374 33,615 40,658 36,739 98,123 36,268 39,837 20,683 25,059 89,145 143,250 27,685 221,259 129,174 102,433 41,688 123,806 22,644 49,696 3,372,470 24,881 430,457 39,597 41,448 19,843 103,224 23,421 93,607 48,690 108,441 31,713 20,156 82,232 127,005 20,333 54,532 74,222 42,423 14,537 161,367 124,071 22,031 19,955 47,038 85,154 75,433 13,429 50,168 36,975 64,961 20,492 35,423 9,799 32,155 26,205 37,554 26,900 96,016 27,879 33,792 21,001 23,899 76,016 93,923 29,314 1,164,109 76,283 199,889 36,820 124,344 35,761 287,528 4,487 226,065 110,677 62,256 1,231,397 78,362 211,866 37,136 137,175 37,648 314,228 5,180 232,885 111,176 65,740 1992 ALL COMMODITIES 1996 1997 1997 AGRICULTURE, FORESTRY, FISHERIES Total Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services MINING 5+6 7 9+10 Total Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining 1,036 CONSTRUCTION Total New construction, including own-account construction Maintenance and repair construction, including own-account construction MANUFACTURING 13 14 15 16 17 18 19 20+21 22+23 24 25 26A 26B 27A 27A 28 29A 29B 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 59A 59B 60 61 62 63 64 Total Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles-passenger cars and trucks Truck and bus bodies, trailers, and motor vehicle parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing 113,359 17,850 50,944 62,321 40,557 14,379 149,831 111,813 9,538 17,981 42,291 73,922 64,813 13,238 49,050 34,564 56,518 17,895 30,946 8,290 27,046 20,218 29,678 24,946 62,088 25,801 28,574 16,833 19,055 50,981 73,298 21,103 149,684 81,258 102,154 29,907 107,915 22,745 39,450 129,439 26,005 200,277 485,599 699,278 809 21,850 1,587 4,397 1,879 38,484 2,870 947 26,326 7,143 6,026 12,814 9,718 14,824 10,715 247 199 1,783 14,375 2,330 3,827 13,193 2,052 200 11,582 13,253 12,824 2,159 4,551 10,893 10,228 201 1,008 2,628 8,510 2,413 4,754 1,468 5,127 5,881 7,796 1,895 32,687 2,243 5,295 4,072 4,985 25,409 20,574 8,062 58,285 1,023 4,386 2,128 49,791 3,789 498 232 2,579 20,573 3,485 6,433 20,317 2,779 386 14,104 18,452 16,928 3,333 6,618 17,231 16,476 289 1,947 2,764 12,447 3,542 8,386 2,570 9,959 8,704 12,231 2,359 60,672 3,218 8,577 5,731 6,807 33,584 41,187 11,099 81,012 21,743 12,153 2,693 14,773 8,153 23,335 30,924 7,932 164 2,059 -3,530 8,544 12,563 189 11,712 4,718 19,456 10,575 28,638 769,466 1,075 28,225 1,411 5,349 2,481 56,319 4,505 14,330 11,354 15,056 520 222 2,822 22,147 3,275 7,283 26,766 3,019 459 13,656 20,071 17,976 3,698 7,563 18,137 18,392 304 2,059 2,751 14,631 3,688 9,919 2,949 10,982 9,782 12,505 2,587 68,245 3,253 9,492 6,151 7,332 35,181 43,947 11,958 87,956 31,780 15,475 4,651 21,696 11,176 32,905 206,855 103,221 122,318 32,898 122,916 30,530 62,020 185,830 164,922 25,673 24,755 64,471 113,207 99,098 1,359 66,419 49,403 86,801 27,324 54,108 14,973 47,199 42,384 51,354 40,079 155,644 39,427 47,038 26,144 30,127 111,306 170,766 36,765 280,990 105,008 13,227 72,426 55,184 91,900 28,469 60,911 16,777 50,965 42,951 52,772 39,001 164,058 39,425 49,163 27,033 32,262 123,244 151,351 99,933 41,942 138,240 34,304 75,193 185,465 39,448 306,946 160,379 116,608 45,577 145,376 33,347 82,040 1,175,032 76,502 201,404 32,383 137,016 35,734 287,528 4,487 227,055 110,668 62,256 1,244,152 78,371 212,908 33,089 151,817 37,658 314,228 5,180 233,984 111,177 65,740 TRANSPORTATION, COMMUNICATION AND UTILITIES 65A 65B 65C 65D 65E 66 67 68A 68B 68C Total Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services-utilities Gas production and distribution-utilities Water and sanitary services 932,030 62,058 157,110 34,347 98,819 28,966 205,941 2,674 195,695 96,155 50,265 695 1,218 14,026 1,868 -4,425 12,723 194 1,985 -4,038 14,786 990 1,100 939,006 62,087 158,540 30,781 107,226 28,958 205,941 2,674 196,390 96,144 50,265 SURVEY OF CURRENT BUSINESS 11 January 2001 Table B.—Commodity Output, Imports, and Total Consumption, 1992,1996, and 1997—Continued [Millions of dollars] Output Commodity number 1992 1996 Total consumption Imports Description 1997 1992 1996 1997 1992 1996 1997 WHOLESALE AND RETAIL TRADE Total 69A Wholesale trade Retail trade 70A 70B 71A 71B FINANCE, INSURANCE, AND REAL ESTATE Total Finance Insurance Owner-occupied dwellings Real estate and royalties 1,095,148 568,970 526,178 1,457,204 769,833 687,371 1,499,166 804,290 -18,317 -18,317 -19,221 -19,221 -19,617 -19,617 1,074,173 547,995 526,178 1,435,970 748,598 687,371 1,473,476 778,600 694,876 1,639,416 390,774 231,654 457,250 559,738 2,115,020 555,217 304,295 561,548 693,960 2,309,627 639,350 337,367 591,837 741,073 1,412 265 1,136 4,199 526 3,662 6,551 889 5,646 11 11 16 1,640,828 391,039 232,790 457,250 559,749 2,119,219 555,743 307,957 561,548 693,971 2,316,178 640,239 343,012 591,837 741,089 2,388,808 58,936 92,016 3,133,709 72,325 115,200 3,390,222 77,855 119,364 4,027 6,265 6,880 2,392,872 58,936 92,016 3,139,880 72,325 115,200 3,396,784 77,855 119,364 152,744 252,597 332,385 138,530 282,017 164,408 122,937 564,607 227,631 254,081 312,734 478,767 175,210 337,370 236,460 175,505 684,210 291,848 305,384 338,350 533,214 186,963 357,943 251,976 190,881 726,052 302,241 225 839 1,632 615 449 1,608 2,124 1,246 497 1,626 2,449 1,361 6 248 13 449 2 402 426 3 371 9 564 153,010 253,436 334,017 139,145 282,017 164,410 123,185 564,620 228,080 254,440 314,341 480,891 176,455 337,370 236,460 175,907 684,218 292,274 305,568 339,977 535,663 188,324 357,943 251,974 191,252 726,060 302,805 849,031 50,200 30,162 1,008,705 67,101 39,431 92,856 116,342 126,559 2,457 886,742 111,687 2,746 120,721 4,608 90,036 5,797 47 40 948,340 50,200 30,162 111,687 3,392 764,389 74 10,087 1,123,384 67,101 39,431 120,721 6,093 886,742 47 12,284 1,176,821 74,750 43,561 2,175 764,389 1,063,264 74,750 43,561 90,036 1,542 920,196 SERVICES 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B Total Hotels and lodging places Personal and repair services-except auto Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations SPECIAL INDUSTRIES Total Federal Government enterprises State and local government enterprises Noncomparable imports Scrap, used and secondhand goods General government industry Rest of world adjustment to final uses Household industry Inventory valuation adjustment 10,087 -7,982 12,284 690 12,464 10,751 NOTE—Total consumption of commodities is equal to commodity output plus imports less the change in private inventories. The change in private inventories is not shown separately in this table. the commodity composition of GDP (final demand), and the industry distribution of value added. The annual I-O accounts are used in a variety of analytical and statistical contexts, including studies of interindustry relationships within the economy and as the basis for developing satellite accounts on particular aspects of economic activity. The 1997 annual 1-0 tables The full 1997 annual I-O accounts are presented in eight tables.3 Two make tables, one that is based on I-O definitions of industry inputs (table 1) and an alternative that is based on the Standard Industrial Classification (SIC), show the commodities produced by each industry; two use tables, one on the I-O basis (table 2) and one on the SIC basis, show the commodities that are consumed by each industry 4 (Table A provides a summary version of the use table.) 3. Tables 1, 2, and 8 are at the end of this article. All eight tables are available electronically; see the box "Data Availability" on page 15. 4. The alternative tables conform more closely to the current SIC establishment-based data collection system by showing the primary and secondary products in the industries that produce them. As a result, the industry definitions, which are used to determine the columns of the use table and the rows of the make table, may differ from those used in the traditional I-O tables. Four requirements tables are derived from the make and use tables. The direct requirements table shows the amount of a commodity that is required by an industry to produce a dollar of that industry's output. The three total requirements tables show the production that is required, directly and indirectly, to meet purchases from final demand. The new table "Industry-by-Industry Total Requirements" (table 8) presents these total requirements with final-demand purchases classified by industry. This presentation is frequently used in I-O analysis when data on purchases are available only as purchases from industries rather than as purchases of commodities; it is also used to analyze industry-to-industry interdependencies or "linkages"—for example, the purchases of one industry's output by all other industries or the purchases of all other industries' output by one industry. The presentation of the annual I-O tables is generally the same as that of the benchmark I-O tables, but the information is less detailed. The annual I-O tables present summary estimates for 94 industries, while the benchmark I-O tables present more detailed estimates for 498 industries.5 The 5,088 920,196 40 12,464 12 January 2001 SURVEY OF CURRENT BUSINESS Table C—Commodity Consumption by Major Sector 1992,1996, and 1997 [Millions of dollars] Total intermediate input use Commodity number Personal consumption expenditures 1992 1996 Government consumption expenditures and gross investment Gross private fixed investment Exports of goods and services 851,785 1,212,697 1,327,654 602,609 810,729 901,651 19,857 800 16,116 2,880 61 23,001 796 19,588 2,588 29 23,495 967 20,223 833 201 582 -1,676 1,726 2,446 299 1,013 -1,284 2,418 2,602 266 1,125 -1,228 2,439 8,202 1,104 3,122 3,290 8,124 1,129 2,534 3,734 727 7,755 1,306 2,344 3,322 783 -212 -147 77 -202 -568 -298 81 -418 -457 -282 Description 1997 1997 ALL COMMODITIES 4,555,250 5,976,283 6,385,588 4,208,718 5,237,500 5,529,283 1,265,199 1,421,944 1,487,901 AGRICULTURE, FORESTRY, FISHERIES Total Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services 34,735 4,398 25,025 4,344 968 197,601 85,869 71,142 13,280 27,310 240,282 93,913 93,416 16,650 36,303 253,487 97,732 97,925 17,843 39,986 183,026 8,268 23,786 138,601 12,371 217,545 9,048 20,265 174,136 14,097 219,446 8,973 20,756 174,357 15,361 159,618 197,307 215,556 360,278 481,126 521,520 159,357 189,135 207,157 170 236 340 339,916 451,315 488,457 116,863 137,184 151,928 159,448 197,071 215,216 20,362 29,811 33,063 42,494 51,951 55,229 339,058 505,582 544,940 291 27,054 3,709 19,531 3,085 729 33,361 4,748 23,718 3,996 900 MINING 5+6 7 Total Metallic ores mining ., Coal mining 8Crude petroleum and natural gas Nonmetallic minerals mining 1,017 953 105 55 50 -321 64 CONSTRUCTION Total New construction, including own-account construction Maintenance and repair construction, including own-account construction MANUFACTURING Total Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products 41 Screw machine products and stampings 42 Other fabricated metal products 43 Engines and turbines 44+45 Farm, construction, and mining machinery 46 Materials handling machinery and equipment 47 Metalworking machinery and equipment 48 Special industry machinery and equipment 49 General industrial machinery and equipment 50 Miscellaneous machinery, except electrical 51 Computer and office equipment 52 Service industry machinery 53 Electrical industrial equipment and apparatus 54 Household appliances 55 Electric lighting and wiring equipment 56 Audio, video, and communication equipment 57 Electronic components andaccessories 58 Miscellaneous electrical machinery and supplies 59A Motor vehicles—passenger cars and trucks 59B Truck and bus bodies, trailers, and motor vehicle parts 60 Aircraft and parts 61 Other transportation equipment 62 Scientific and controlling instruments 63 Ophthalmic and photographic equipment 64 Miscellaneous manufacturing 13 14 15 16 17 18 19 20+21 22+23 24 25 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 975,781 1,034,046 1,495 1,330 282,777 273,979 31,748 31,677 1,731 6,527 92,502 97,322 13,895 15,477 2,875 3,168 27,911 29,643 17,126 16,625 471 383 17,424 15,959 21,669 19,806 2,170 2,390 1,430 1,639,510 2,117,701 2,224,050 690 465 385 178,591 153,699 190,896 2,667 3,348 3,479 40,823 37,127 43,804 11,669 10,074 11,954 19,080 16,628 17,179 13,058 10,770 14,014 105,766 80,245 110,878 8,630 10,408 5,479 99,029 94,820 80,994 37,680 36,560 30,352 5,314 5,345 4,401 65,396 64,585 56,500 118,689 132,738 97,797 20,084 20,695 15,545 57,104 61,022 46,036 22,679 28,240 17,620 10,533 11,786 8,826 15,700 15,609 12,894 98,762 99,644 83,751 132,294 139,287 99,363 4,328 4,730 3,871 20,512 21,858 16,883 58,800 63,039 42,481 108,287 81,280 113,138 89,416 68,611 94,237 13,215 13,025 12,807 842,150 1,473 248,010 30,395 1,683 5,578 80,934 11,189 2,529 21,623 14,921 381 14,339 15,282 2,154 920 43,864 30,098 480 53,355 15,051 16,491 979 2,570 36 71 56,851 35,198 613 59,995 18,764 19,382 1,437 3,206 42 63,173 37,430 645 62,255 20,302 20,320 1,299 3,432 64 78 326 1,345 4,266 312 1,648 5,415 182 240 559 1,933 5,623 222 258 231 2,715 4,661 16,091 8,955 20,784 1,957 1,779 9,921 23,332 50 70 65 16 52 38 3,612 4,485 342,980 3,592 19,630 5,874 2,359 1,724 4,065 810 5,965 2,633 8,567 691 653 2,984 17,292 3,341 8,477 7,272 2,591 745 9,084 6,905 1,464 1,544 1,713 3,505 6,379 341 465,384 3,343 25,639 6,235 2,958 2,048 6,987 917 6,336 3,215 11,314 1,159 628 3,290 22,862 4,459 12,271 9,885 3,826 1,009 9,925 10,225 1,686 2,174 2,171 4,338 9,085 302 527,893 3,237 27,513 6,062 3,208 2,321 8,234 1,003 6,185 3,865 11,582 1,304 791 3,635 25,220 4,638 13,453 10,384 4,513 1,185 10,244 11,932 1,863 2,518 2,455 5,049 10,214 328 208,772 19,322 9,118 -20 279 124 1,597 652 207 2,864 3,959 289 763 7,466 7,805 527 19 5,466 908 418 15,177 2,537 205 549 274 317 320 25 208,251 13,648 10,956 -31 341 119 2,133 785 233 3,454 4,817 382 861 8,943 8,222 690 14 7,179 1,092 515 17,148 3,342 276 632 294 515 449 28 207,125 15,265 11,023 -38 640 171 1,905 774 314 4,326 5,010 363 1,121 9,780 9,249 642 16 7,764 1,280 1,214 16,737 3,616 290 336 429 538 409 27 2,713 1,353 7,643 8,309 12,391 1,869 5,270 8,473 10,701 3,272 37,079 4,712 5,524 2,940 4,125 16,432 32,351 8,287 24,583 3,356 1,492 8,428 9,890 14,979 2,284 6,139 8,624 12,403 4,033 40,337 5,238 6,479 3,055 4,522 19,525 39,093 8,817 25,125 319 2,125 1,354 2,169 80 464 414 777 1,113 6,795 1,334 1,508 246 1,063 8,253 2,157 1,881 7,991 786 377 2,642 894 2,653 72 550 610 1,009 1,080 8,448 1,886 1,547 305 1,329 10,705 1,413 1,799 9,112 816 322 2,787 729 8,069 1,191 1,885 272 1,269 11,639 1,312 1,962 9,559 2,509 37,591 9,753 30,396 4,333 2,292 2,782 31,054 9,271 23,095 5,025 2,774 2,787 26,696 8,813 20,773 4,497 2,701 3,271 17,803 5,743 17,652 16,820 11,300 700 36,169 7,376 6,826 2,668 283 24,513 3,462 3,790 32,594 9,071 27,539 25,835 15,967 728 58,280 10,558 8,523 3,699 360 40,882 3^454 3,656 36,096 10,017 29,340 27,042 17,066 832 64,375 10,000 9,505 3,425 288 44,024 2,058 75,132 1,868 127,634 2,516 137,584 2,061 2,171 4,849 5,419 9,002 1,302 3,686 4,510 7,834 1,962 22,925 3,320 4,083 2,329 2,839 9,551 16,150 5,702 16,336 5,728 219 17,128 6,487 7,815 49,611 4,981 13,676 4,741 43,637 6,915 5,365 9,527 11,072 9,167 50,555 7,635 7,180 8,963 13,838 10,644 54,616 7,746 7,299 16,995 40,656 3,354 17,864 3,453 4,427 24,614 36,153 3,598 25,148 4,187 5,370 28,633 48,545 4,388 28,631 4,322 6,623 394,160 418,531 11,717 15,712 16,523 54,322 66,155 69,732 69,794 70,569 24,222 31,618 6,167 46,198 25,156 33,873 6,081 52,422 957 4,138 18 1,539 1,293 5,834 6 2,320 1,278 5,837 3,973 10,161 5,457 13,195 10,475 28,941 5,349 14,754 10,243 30,591 5,201 7,620 2,048 6,464 6,459 7,297 2,321 7,637 7,186 2,208 7,659 3,474 90,397 1,839 79,337 29,537 20,464 4,318 123,489 3,033 93,292 35,458 26,364 4,326 134,243 3,433 93,742 36,565 28,692 5,065 6,259 "-6"884 2,700 3,596 3,084 4,235 3,090 4,931 240 11,809 294 16,158 267 548 65 301 403 64 283 428 17,918 4,115 2,684 22,958 5,322 1,348 22,569 5,087 1,205 629,893 158,445 471,448 809,435 199,023 610,413 823,726 206,570 617,156 44,746 44,726 20 66,757 29 73,343 73,311 32 16,558 16,088 470 21,802 21,800 2 21,491 21,489 2 43,481 33,140 51,306 10,279 6,049 2,674 9,666 4,224 17,643 22,989 24,759 14,939 21,175 2,658 17,691 12,017 75,400 13,375 1,844 57,469 46,025 67,639 14,149 6,230 3,960 12,808 7,209 23,677 34,863 41,314 20,838 31,181 3,822 22,093 16,525 136,813 17,541 2,259 63,210 51,437 71,608 13,972 6,693 4,393 13,720 6,732 22,406 33,031 39,902 21,846 31,026 4,325 24,035 21,231 144,815 17,956 2,747 687 237 '"i"032 257 136 5,368 910 200 13,100 2,023 21,682 216 6,298 105,552 135 10,523 1,434 264 15,378 2,220 26,764 117,402 120 11,375 1,150 269 15,956 2,149 26,825 245 8,196 131,931 74,459 29,930 3,092 25,540 9,589 13,526 108,729 21,268 4,084 33,142 10,279 14,804 114,268 27,310 4,604 34,869 8,967 15,807 4,277 465 11,958 5,479 6,240 36,410 5,723 385 15,822 6,300 7,178 45,066 501,698 629,211 668,796 313,170 32,452 110,656 12,771 39,502 39,070 143,460 13,414 51,919 40,100 151,259 14,552 58,626 19,504 25,965 6,249 36,404 22,544 95,074 28,037 137,388 1,454 110,504 69,485 34,481 29,961 150,284 1,747 117,390 69,097 35,780 439,172 387,051 52,121 448,860 394,971 53,889 2J415 674 322 TRANSPORTATION, COMMUNICATION AND UTILITIES 65B 65C 65D 65E 67 68A 68C Total Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services—utilities Gas production and distribution—utilities Water and sanitary services 61,944 27,052 2,519 WHOLESALE AND RETAIL TRADE Total Wholesale trade Retail trade 320,451 280,569 62,525 48,167 14,358 98,774 73,967 24,807 106,057 82,260 23,797 SURVEY OF CURRENT BUSINESS January 2001 13 Table C.—Commodity Consumption by Major Sector 1992,1996, and 1997—Continued [Millions of dollars] Total intermediate input use Commodity number Personal consumption expenditures Gross private fixed investment Exports of goods and services Description 1992 1996 Government consumption expenditures and gross investment 1992 1996 1997 1992 1996 28,407 39,368 43,539 39,510 17,142 1,685 26,922 3,384 69,079 30,822 3,515 12,136 2,829 37,871 15,703 2,934 43,539 20,683 33,579 34,742 13,723 "19,234 80,020 117,681 139,971 19,530 48 42 26,179 68 32 35,226 114 74 9,397 1,747 2,793 -13,083 1,380 3,781 3,836 1,613 3,622 51,585 FINANCE, INSURANCE, AND REAL ESTATE 70A 70B 71A 71B Total Finance Insurance Owner-occupied dwellings Real estate and royalties 584,145 163,754 90,095 791,422 248,812 129,325 288,601 146,682 330,296 "41 £285 450,865 960,078 1,186,672 1,280,702 304,148 264,306 198,007 189,765 172,314 138,181 591,837 561,548 457,250 194,952 188,505 166,640 870,832 1,214,045 27,260 33,466 23,579 29,041 1,324,207 36,057 30,108 1,413,094 1,795,058 1,893,544 40,071 29,881 37,412 85,560 65,602 82,345 28,407 36,709 16,669 3,050 SERVICES 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B Total Hotels and lodging places Personal and repair services—except auto Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations 50,237 100,383 120,766 2,444 6,867 8,476 64,235 98,142 120,335 3,092 3,904 4,406 33,003 45,143 179,136 223,797 245,113 45,781 52,827 56,367 15,785 19,539 19,636 5,013 7,691 8,542 7,721 10,489 10,318 271,050 136,364 41,383 70,073 41,927 13,484 409,128 172,547 43,837 95,999 63,645 14,803 453,549 184,119 47,969 99,065 66,266 15,923 20,917 676 242,151 90,099 78,466 611,328 27,317 947 295,680 133,963 108,225 760,000 28,581 1,053 311,168 146,108 117,315 798,000 5,677 531 328 34 4,289 26 5,847 826 417 898 5,951 21 921 710 1,183 9,380 204 36,373 1,574 -1,845 4,204 -1,497 -60,218 38,599 2,136 -2,565 5,599 -1,914 -90,607 44,447 2,231 -1,905 5,618 -1,709 -88,067 16,339 27,397 25,272 225,749 289,476 300,845 450 524 607 -14,458 -25,124 -23,918 129,599 53,542 6,448 60,727 145,037 61,052 10,107 66,110 7,768 23,172 6,881 22,489 33,009 17,187 42,934 8,328 31,863 40,195 34,186 43,894 8,511 32,220 73,385 91,118 274 95,055 273 -66,481 10,087 -83,923 12,284 -87,844 12,464 783,707 3,683 863 12,063 3,479 764,389 -770 906,297 4,956 1,120 10,765 3,418 886,742 -704 4,914 1,234 10,623 2,724 920,196 -823 SPECIAL INDUSTRIES Total Federal Government enterprises State and local government enterprises Noncomparable imports Scrap, used and secondhand goods General government industry Rest of world adjustment to final uses Household industry Inventory valuation adjustment 39,448 6,810 44,964 7,147 -46,033 -30,293 -30,293 -46,563 -46,033 5,872 6,171 6,075 67,325 "84^673 "88707 NOTE—Total consumption is defined as total domestic commodity output plus imports less change in private inventories, and it is equal to the sum of total intermediate use, personal consumption expenditures, gross private fixed investment, exports, and government purchases. annual use table presents 11 categories of final uses, while the benchmark use table presents 203 categories.6 The annual use and total direct requirements tables present estimates of total value added by industry, while the corresponding benchmark tables also decompose the total value into detailed estimates of value added for compensation of employees, indirect business tax and other nontax liability, and other value added. The estimates of commodity output and industry output in the make and use tables and the estimates of final uses in the use table are based on annual source data. Most of the other estimates are based on updated relationships from the 1992 benchmark 1-0 accounts.7 commodities used by the business sector to produce GDP (intermediate demand). Changes in the use of commodities provide information about changes in the structure of the economy and about the effect of these changes on production and economic growth. For example, a recent study of the contribution of computer and data-processing services to economic growth used I-O tables for 1972-96.8 Another study used the same set of tables to evaluate changes in the level of interindustry linkages and the effect of international trade on those linkages; the study shows that U.S. domestic industry interdependencies decreased over the period, partly as the result of declining manufacturing production and increased import penetration.9 Uses of the I-O accounts Changes in the composition of total consumption, 1992-97 The I-O accounts are an important tool for economic analysis because they show the interdependence among producers and consumers in the U.S. economy. The accounts show the commodity composition of GDP (final demand), and the 5. Detailed 1997 I-O estimates for 498 industries have been prepared for use in research (see the box "Data Availability"). 6. The benchmark I-O tables include 136 categories for personal consumption expenditures, 26 categories for structures, and 30 categories for private fixed investment and software. 7. "Final uses" in the I-O accounts are the same as the "product-side" components of GDP in the NIPA's. The series of I-O accounts can be used for comparisons of the structure of the U.S. economy over time. Changes in the use of commodities by the 8. Laurence R. Klein postulates that I-O measures of deliveries of computer and data-processing services to other intermediate sectors and to final-demand sectors indicate the diffusion of information technology; Laurence R. Klein, "Sustainability and Global Reach of IT" (paper presented at the WEFA Annual Symposium on International Issues, New York, October 2000). 9. Jiemen Guo and Mark A. Planting, "Using Input-Output Analysis to Measure U.S. Economic Structural Change Over 25 Years" (paper presented at the th 13 Internationa] Conference on Input-Output Techniques, Macerata, Italy, August 21-26, 2000). 14 SURVEY OF CURRENT BUSINESS January 2001 economy, both domestically and for export, are measured by changes in the composition of total consumption (table B).10 Comparisons over time of the consumption of commodities by sector provide indications of where structural changes are occurring (table C). Over 1992-97, total commodity consumption grew at an average annual rate of 6.4 percent (table D). The consumption of services commodities (6.6 percent) grew faster than that of goods commodities (6.1 percent). Among the major commodity groups, the fastest rates of change were in "services" (7.3 percent) and finance, insurance and real estate (7.1 percent). Over the last year of the period, 1996-97, the fastest growth was in finance, insurance, and real estate (9.3 percent), transportation, communication, and utilities (8.8 percent), construction (8.8 percent), and "services" (8.2 percent). 10. Total consumption is defined as total domestic commodity output plus imports less change in private inventories, and it is equal to the sum of total intermediate use and the four final-use sectors—personal consumption expenditures, gross private fixed investment, exports, and government purchases. Table D—Commodity Consumption Growth Rates by Major Commodity Group, 1992-97 Consumption average annual rate of growth (percent) Commodity 1992-97 1996-97 All commodities Goods commodities Agriculture, forestry, fisheries Mining Construction Manufacturing Services commodities Transportation, communication, and utilities . Wholesale and retail trade Finance, insurance, and real estate Services Special industries 6.4 6.1 5.1 3.6 6.8 6.1 6.6 6.8 6.5 7.1 7.3 4.4 6.6 6.3 3.7 0.8 8.8 6.2 6.8 8.8 2.6 9.3 8.2 4.8 The 15 commodities that accounted for at least 1 percent of total supply in 1997 and that grew faster than the overall commodity average in 1992-97 are shown in table E. These commodities included the following "high technology" commodities—computer and office equipment, electronic components and accessories, "communications, except radio and TV," and "computer and data-processing services, including own-account software." Consumption of these four commodities grew 12.0 percent, almost twice the rate of growth of all commodities, and the group's share of total consumption grew from 5 percent in 1992 to 6 percent, or $969.3 billion, in 1997.11 Among these commodities were at least two services that are often associated with "outsourcing"—other business and professional services and, again, "computer and data-processing services including own-account software." Consumption of these two commodities grew at an average annual rate of 11.6 percent in 1992-97 and 14.4 percent in 1996-97. These commodities accounted for 5 percent, or $841.2 billion, of total consumption in 1997, up from 4 percent in 1992. These commodities also include finance, which grew at an average annual rate of growth of 10.4 percent over 1992-97 and accounted for 4.1 percent of total consumption in 1997. This commodity includes banking, credit agencies other than banking, and security and commodity brokers. Most of the above-average growth in finance was accounted for by rapid growth in the use of security and commodity brokers services—particularly 11. In real terms, the growth rates of these commodities is much faster because of the declining prices of computers, electronic components, telecommunications services, and software. Table E.—Commodities with Fastest Growing Consumption, 1992-97 Commodity number Description Consumption average annual rate of growth (percent) 1992-97 11 12 32 51 57 59A 59B 66 69A 70A 70B 73A 73C 75 76 New construction, including own-account construction Maintenance and repair construction, including own-account construction . Rubber and miscellaneous plastics products Computer and office equipment Electronic components and accessories Motor vehicles—passenger cars and trucks Truck and bus bodies, trailers, and motor vehicle parts Communications, except radio and TV Wholesale trade Finance . Insurance Computer and data processing services, including own-account software . Other business and professional services, except medical Automotive repair and services Amusements 7.0 6.4 7.2 11.3 14.6 8.2 9.2 8.8 7.3 10.4 8.1 14.8 9.9 8.9 9.2 1997 Percent Consumption of total (millions of commodity dollars) 1996-97 consumption 8.8 8.8 6.4 5.4 8.6 9.2 6.0 9.3 4.0 15.2 11.4 20.1 11.4 6.6 8.7 640,725 303,583 175,471 164,058 185,465 306,946 160,380 314,228 778,600 640,239 343,012 305,568 535,663 251,974 191,252 4.1 1.9 1.1 1.0 1.2 2.0 1.0 2.0 5.0 4.1 2.2 1.9 3.4 1.6 1.2 SURVEY OF CURRENT BUSINESS securities commissions, underwriting fees, and other services. For the six aforementioned commodities, the rapid growth in consumption can be traced to growth in demand by both intermediate and final users (table F). The growth in the consumption of electronic components and accessories and "other business and professional services, except medical" was due to growth in intermediate demand. Final users were primarily responsible for the increased consumption of computer and office equipment. Growth in the consumption of the other three commodities was the result of growth in demand from both sources. Computer and office equipment.—Nearly 90 percent of computer and office equipment was consumed by the intermediate, gross private fixed investment (GPFI), and export sectors, and both the GPFI and export sectors grew at rates of at least 12 percent. In addition, personal consumption expenditures (PCE), which accounted for only 6.9 percent of total consumption, grew 16.2 percent. Electronic components and accessories.—Nearly four-fifths of all electronic components and accessories flowed to intermediate uses, and virtually all of the remainder was exported. Intermediate use grew 13.9 percent, and exports grew 19.3 percent. Communications) except radio and TV.—Ninety percent of "communications, except radio and TV" was consumed by the intermediate and PCE sectors, and another 5.7 percent was consumed by the government sector. Consumption by all three sectors grew between 8 and 10 percent. Computer and data-processing services, including own-account software.—Nearly 95 percent of "computer and data-processing services, including own-account software" was used by the intermediate, GPFI, and government sectors; the intermediate and GPFI sectors had a combined growth rate of more than 16 percent. In addition, PCE (primarily for prepackaged software), which accounted for only 2.8 percent of total consumption, grew 28.2 percent. Other business and professional services, except medical.—Over four-fifths of "other business and professional services, except medical" was consumed in intermediate uses, and consumption by this sector grew 10.8 percent. Table F.—Consumption Growth Rates by Sector for Selected Commodities 1992-97 Commodity number 51 57. 66 Data Availability The estimates for 94 industries at the input-output (I-O) two-digit level, including alternative estimates of the make and use tables on an approximate 1987 Standard Industrial Classification (SIC) basis and a discussion of the matrix algebra underlying the derivation of the tables, are available on BEA's Web site. (Estimates for 498 industries at the 1-0 sixdigit level are also available; these estimates are less reliable, but they are made available for research that requires a high level of detail.) Go to <www.bea.doc.gov>, click on "Industry and wealth data " and look under "Input-Output data." The two-digit 1-0 estimates are also available for $20 on diskette—product number NDN-0271. To order, call the BEA Order Desk at 1-800-704-0415 (outside the United States, call 202-606-9666). January 2001 70A 73A 73C Description Computer and office equipment: Total Intermediate PCE GPFI Exports Government Electronic components and accessories: Total Intermediate PCE GPFI Exports Government Communications, except radio and TV: Total Intermediate PCE GPFI Exports Government Finance: Total Intermediate PCE GPFI . . Exports .. Government Computer and data processing services, including own-account software: Total Intermediate PCE GPFI Exports Government . Other business and professional services, except medical: Total Intermediate PCE GPFI Exports Government PCE: Personal consumption expenditures GPFI: Gross private fixed investment Consumption 1997 growth, average annual Percent Consumption rate of of total (millions of growth, commodity dollars) 1992-97 consumption (percent) 11.3 10.0 16.2 12.2 12.0 3.5 164,058 39,902 11,375 64,375 40,337 8,069 100.0 24.3 6.9 39.2 24.6 4.9 14.6 13.9 2.5 185,465 144,815 245 100.0 78.1 0.1 19.3 -9.5 39,093 1,312 21.1 0.7 8.8 9.6 8.2 6.3 6.5 8.7 314,228 150,284 134,243 6,884 4,931 17,887 100.0 47.8 42.7 2.2 1.6 5.7 10.4 12.0 9.0 640,239 288,601 304,148 100.0 45.1 47.5 12.5 6.6 30,822 16,669 4.8 2.6 14.8 19.2 28.2 13.4 7.3 9.3 305,568 120,766 8,476 120,335 4,406 51,585 100.0 39.5 2.8 39.4 1.4 16.9 9.9 10.8 6.4 535,663 453,549 28,581 100.0 84.7 5.3 9.9 4.1 9,086 44,447 1.7 8.3 15 16 SURVEY OF CURRENT BUSINESS January 2001 Acknowledgments Mark A. Planting supervised the preparation of the 1997 annual input-output (I-O) estimates. Sumiye Okubo, Associate Director for Industry Accounts, and Ann M. Lawson, Chief of the Industry Economics Division, provided overall guidance. Felicia V. Candela, Peter D. Kuhbach, Tameka R. Lee, Greg R. Linder, Sherlene K. S. Lum, Demian J. McGarry, Kimberly A. Mourey, Brian C. Mover, William H. Nicolls IV, Robert S. Robinowitz, and Regina K. Villasmil prepared the estimates. Karen J. Horowitz provided valuable assistance. Jiemin Guo of the Bureau of Transportation Statistics, U.S. Department of Transportation, also contributed to the preparation of the estimates. Finance.—The intermediate and PCE sectors accounted for more than 90 percent of total consumption, and these two sectors averaged over 10percent growth. annual I-O accounts. These accounts are based on the 1992 benchmark I-O accounts and on the most recently revised and updated estimates from the NIPA's. The annual estimates are based on less comprehensive and less detailed source data; for the annual estimates for which data were unavailable, the relationships from the 1992 benchmark accounts were extrapolated to 1997. The annual I-O estimates are prepared in five steps: (1) The output total for each industry and commodity is calculated; (2) the commodity composition of intermediate inputs for each industry is estimated; (3) the domestic supply of each commodity is estimated; (4) the commodity compositions of the GDP expenditure components for PCE, gross private fixed investment, and government consumption and investment expenditures are derived; and (5) the table is balanced.12 An appendix and tables 1, 2 and 8 follow. [gg| Methodology for the 1997 annual I-O accounts The methodology used to prepare the 1997 annual I-O accounts is similar to that used for the 1996 12. For a more complete description of the methodology see Okubo, Lawson, and Planting, 42-46. SURVEY OF CURRENT BUSINESS January 2001 17 Appendix.—Classification of Industries in the Annual Input-Output Accounts [An asterisk preceding a Standard Industrial Classification (SIC) code indicates that the SIC industry is included in more than one 1-0 industry.] 1-0 number 1-0 title Related 1987 SIC codes AGRICULTURE, FORESTRY, AND FISHERIES Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services *01, *02 •01, *02 081,083,091, 097 0254, *0279, 071, 072, 075, 076, 078, 085, 092 MINING 05+06 07 08 09+10 Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining 101-6, *108, 109 121-3, *124 131, 132, *138 141-7, *148, 149 I-O number 55 56 57 58 59A 59B 60 61 Maintenance and repair construction, including ownaccount construction *108, *124, *138, *148, *15, *16, •17, 6552 •138, *15, *16, *17 Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment 25 26A 26B 27A 27B 28 29A 29B 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 Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel 225, Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stamping Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances 348,3761,3795 20 21 221 4, *226, 228 227, 229 231-8 239 24 25 261,262,263, 267 265 271,272 273-9 281,286,289 287 282 283 284 285 29 30 31 321-3 324-9 331,332,339, 3462 333-6, 3463 341 343, 344 345, 3465-9 342, 347, 349 351 352, 3531-3 3534-7 354 355 356 359 357 358 361,362 363 1. The SIC assigns codes to activities regardless of whether the establishment is owned by private firms or government agency. In the I-O accounts, SIC codes are used only to classify private activities. 2. Noncomparable imports include imported services that are not commercially produced in the United States, and goods and services that are produced abroad and used abroad by U.S. residents for example, U.S. Federal Government defense spending abroad. 3. Scrap is a secondary product of many industries, and used goods are sales and purchases typically between final uses. Industry output is zero because there is no primary producing industry. The sales are shown as negative values in the use table. 364 365, 366 367 369 3711 3713-5 372, 3764, 3769 3716, 373-5, Scientific and controlling instruments 3792, 3799 381,382,384, 387 63 64 Ophthalmic and photographic equipment . Miscellaneous manufacturing 385, 386 39 TRANSPORTATION, COMMUNICATION, AND UTILITIES 65B 65C 65D 65E 66 Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV 67 68A 68B 68C Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services 69A 69B Wholesale trade Retail trade 70A Finance 70B 71A 71B Insurance Owner-occupied dwellings Real estate and royalties .. 72A 72B 73A Hotels and lodging places Personal and repair services (except auto) Computer and data processing services, including ownaccount software Legal, engineering, accounting, and related services Other business and professional services, except medical 65A MANUFACTURING 13 14 15 16 17 18 19 20+21 22+23 24 Related 1987 SIC codes 62 CONSTRUCTION New construction, including own-account construction I-O title 40,41,474 42 44 45 46, 472, 473, 478 481,482,484, 489 483 491, 4931 492, 4932, 4939 494-7 WHOLESALE AND RETAIL TRADE 50,51 52-7, 59 FINANCE, INSURANCE, AND REAL ESTATE 60-2, 67 (excluding 6732) 63,64 65 (excluding 6552) SERVICES 73B 73C 73D 74 75 76 77A 77B Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations 70 72, 762-4 737 81,871,872,89 732-6, 738, 769, 8731,8732, 8734, 874 731 58 75 78,79 074, 80 6732, 82-4, 86, 8733 SPECIAL INDUSTRIES Federal Government enterprises State and local government enterprises .... Noncomparable imports Scrap, used and secondhand goods General government industry Rest of the world adjustment to final uses Household industry Inventory valuation adjustment 4. Industry output is defined as the compensation of employees and consumption of fixed capital of general government agencies. The compensation of employees engaged in construction work is included in construction. The compensation of employees engaged in the production of own-account software is included in computer and data processing services. 5. The commodity entries include adjustments among PCE and government expenditures to eliminate counting the expenditures by foreign residents in both exports and PCE or government expenditures. 6. Industry output is defined as the compensation of domestic household workers. 7. The inventory valuation adjustment removes inventory profits and losses from business income. 18 January 2001 SURVEY OF CURRENT BUSINESS Table 1.-The Make of Commodities [Millions of dollars For the distribution of industries producing a commodity, read the column for that commodity Industry number For the distribution of commodities produced by an industry, read the row for that industry Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Crude petroleum and natural gas Coal mining Nonmetallic minerals mining Commodity number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T 1 Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction Maintenance and repair construction, including own-account construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing . Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances ... Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry Household industry Inventory valuation adjustment Total commodity output Less than $500,000. 100,418 136,349 3,432 11,327 New construction, including own-account construction Maintenance and repair construction, including own-account construction 11 12 785 1,642 40,987 12,865 22,961 112,799 14 15,130 3 640,725 303,583 100,418 136,349 14,925 43,414 12,879 22,973 112,799 15,143 640,725 SURVEY OF CURRENT BUSINESS January 2001 19 by Industries, 1997 at producers' prices] Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals 13 14 15 16 17 18 19 20+21 22+23 24 25 26A 26B 27A 27B 934 230 2 4 116 1,880 17,823 10 484,215 41,534 43,351 38 620 125 253 20,278 44 145 242 6 71,422 14 1 6 320 24 1,905 234 351 24,243 4 28 86 7 1 24 14 3 102 250 83 1 1 6 116,249 342 123 10 56 142 59,505 25 1 4 14 2 1 30 4 1 103 2 34 32 16 111,513 90 563 28 1 10 6 3 1 9 49 13 1 147 48 136 61 16 4 9 3 177 1 4 23 237 37,826 21 22,975 1,361 6 523 56 3 006 94,171 7 7 2 3 11 5 9 6 2 1 31 4 80 4 38 113 12 49 8 1 6 25 1 2 1 2 9 153 2 248 8 125,320 1,558 6,272 970 1,997 99 7,777 277 146 46 542 30 10 5 80 3 178 1,334 21,621 381 340 703 7 140 47 2 15 69 259 5 1 30 1 15 56 40 27 3 7 4 41 6 5 42 63 2 13 2 3 1 40 368 37 517 9 29 17 148 1 28 1 3 1 5 63 4 37 6 9 8 9 646 12 24 14 70 2 2 7 148 139 22 1,351 13 34 1 41 13 9 19 57 14 3 28 22 185 108 263 32 7 1 17 1 14 19 3 1 44 2 1 133 46 4 1 43 5 47 14 5 19 355 207 275 22 6 1 10 Industry number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68 B 68C 69A 11 18,827 485,921 41,558 44,147 21,522 71,751 27,251 117,788 60,223 114,078 38,413 24,336 98,353 149,371 24,613 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T 20 January SURVEY OF CURRENT BUSINESS 2001 Table 1.-The Make of Commodities [Millions of dollars For the distribution of industries producing a commodity, read the column for that commodity Industry number For the distribution of commodities produced by an industry, read the row for that industry Commodity number 1 2 3 4 5+6 -j 8 9+10 11 12 13 14 15 16 17 18 19 20+21 22+23 24 25 26A 26B 27A 27B 28 29A 29B 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 59A 59B eft DU 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction Maintenance and repair construction, including own-account construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabncated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic matenals Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufactunng Metal containers Heating, plumbing, and fabncated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines ... Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electncal Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances . Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircran ana pans Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services, passenger ground transportation Motor freight transportation and warehousing Water transportation .... Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Poal octato anH m\/altiac nedl 6oldl6 dilU lUydiUco Hotels and lodging places Personal and repair services (except auto) Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry Household industry Inventory valuation adjustment Total commodity output * Less than $500,000. Plastics and synthetic materials Cleaning and toilet preparations Druqs 29A 28 Paints and allied products 30 29B Petroleum refining and related products 31 Rubber and miscellaneous plastics products 32 Footwear, leather, and leather products Glass and glass products Primary irnn Ar\c\ OICvl <5IPPI II \J\ 1 ul lu manufacturing 37 36 35 33+34 Stone and clay products 3 8,566 92 240 9 2,704 351 53 8 115 2 31 q 1,453 354 55,463 19 452 156 173 636 13 1 575 91 186 83,208 1,059 49 56 757 1 7 12 117 45 17,660 6 45 24 15 33 112 159 4 66 13 499 78 346 8,941 112 1 4 7 52 28 58 4 5 40 91 63 32 29 29 42 9 3 85 2 66 24 12 30 1 367 26 3 30 27 124 120 252 101 98 52 150,564 1 1 6 1 60 8 1 12 00 24 164,220 21 7 14 3 3 9 7 15 404 1 916 2 18 3 15 2,256 81 1 101 118 104 1,435 337 48,514 23 2 70 17 9 8 21 16 514 636 40 251 94 185 133 3 7,253 36 CO J 42 1 415 8 1 11 34 16 74 4 197 1 4 20 53 108 8 5 33 8 32 61,026 35 7 20 100,613 93 50 11 7 58 8 77 2 68 43 8 54 9 142 20 118 3 154 28 114 58 13 38 1 15 24 53 33 1 1 13 25 727 104 7 3 p 1 6 3 21,990 2 4 50 19 22 15 1 2 1 34 67,749 85,355 52,380 18,346 175,401 156,843 9,532 22,613 62,304 102J368 SURVEY OF CURRENT BUSINESS January 21 2001 by Industries, 1997—Continued at producers' prices] Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment 38 39 40 41 42 43 44+45 46 47 48 49 Miscellaneous Computer and machinery, office except equipment electrical 50 Service industry machinery Industry number 52 51 1 2 3 4 5+6 7 11 8 11 4 19 15 3 9 1 155 2 5 78 28 4 1 30 1 118 2 1 835 72 39 262 323 2 13 21 160 15 40 259 12,754 37 39 7 11 4 3 67,287 63 631 244 193 83 52 120 274 142 307 324 6 634 10 61 4 33 1 3 96 7 115 20 9 1 1 1 5 22 5 136 17 1 87 3 1 62 2 1 9 2 5 3 1 23 10 3 202 1 60 28 26 81 1 164 50,222 284 9 416 2 152 4 22 120 18 89 39 172 2 6 42 7 353 69 2 418 7 6 47 2,588 438 15 668 294 69,948 20 220 32 196 101 287 761 42 115 14 1 118 5 301 12 66 222 29 13 8 14 6 1 1 9 4 8 39 4 1 1 9 1 1 21,927 111 2 463 36 1 2 51 51 34 89 20 51,319 193 325 161 296 18 1 5 32 5 2 3 28 730 1,033 45 98 64 4 36 26 1 32 28 81 1,064 48 238 88 2 35 48 195 32,111 90 59 217 133 143 110 96 272 38,440 93 1 6 206 69 35,895 353 240 15 293 11 20 7 5 55 58 42 4 5 11 27 107 20 11 126 91 132 7 3 23 165 18 63 1 9 24 4 9 202 163 8 45 9 18 61 3 6 274 12,934 54 161 123 5 10 7 37 4 104 226 290 11 30 2 64 1 1 1 185 779 3 5 400 28 1 122 3 1 17 2 221 5 6 123 9 5 202 257 18 10 46 18 8 10 5 1 60 614 84,992 1 94 18 71 3 5 9 154 4 8 12 1 12 4 1 169 197 477 148 139 23 496 156 281 34,072 6 17 3 168 4 9 6 8 84 19 2 119 11 28 111 46 48 61 1 1 8 1 5 4 2 2 2 2 50 20 32 1 2 5 18 11 9 89 227 5 94190 3 32 20 132 3,132 8 7 3 4 67 427 46 35,381 21 129 9+1C 11 12 13 14 15 16 17 18 19 20+21 22+23 24 25 26A 26B 27A 27B 28 29A 29B 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 3 144 3 5 4 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 87,421 13,021 71,140 52,689 78,094 24,588 53,075 13,945 40,374 33,615 40,658 36,739 98,123 36,268 T 22 • January 2001 SURVEY OF CURRENT BUSINESS Table 1—The Make of Commodities [Millions of dollars For the distribution of industries producing a commodity, read the column for that commodity Industry number For the distribution of commodities produced by an industry, read the row for that industry Commodity number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 Ilk 77B 78 79 82 84 85 T Electrical industrial equipment and apparatus Household appliances orti linmont cLjuipmsni 54 53 lighting and wiring Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal pioducts Engines and turbines .... Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances ... Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services, passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry Household industry Inventory valuation adjustment Total commodity output * Less than $500,000. Electronic components and accessories 57 56 55 Livestock and livestock products Other agricultural producls Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction Maintenance and repair construction, including own-account construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yam and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures .... Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Audio, video, and communication equipment 71 Miscelelectrical machinery supplies 59B 59A 58 13 Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts 4 29 Aircraft and parts Other transportation equipment 60 61 1,544 20 5 1 15 3 31 34 35 16 37 1 23 2 9 6 1 10 7 42 5 52 136 164 6 7 242 17 1 10 6 5 1 153 591 36 42 71 24 158 224 64 14 37,365 78 243 51 343 36 3 676 1 311 16 40 10 19 5 141 36 51 14 107 1 82 18 14 2 9 4 1 147 6 21 62 5 71 24 11 64 1 25 12 30 142 18 19,883 4 147 4 11 18 4 305 15 23,347 88 157 161 323 29 32 17 146 84,741 426 615 239 1,096 132,887 110 14 1 633 50 607 1 1,635 26 14 690 4 983 12 21 492 121 11 89,145 143,250 27,685 62 2 34 159 17 1 1 246 2 8 39,837 20,683 25,059 6 25 31 19 60 28 18 6,780 8 227 5 28 132 31 4 14 6 15 368 921 6 264 10 24 349 253 22,983 5 10 13 217,423 3,791 14 58 398 165 323 191 15 15 22 147 232 1,368 89 29 189 20 199 2,107 123,032 98 47 205 8 283 20 6 7 135 4 5 42 11 1 8 3 10 18 151 99,156 1 611 3 55 78 41 41,045 1 24 8 221,259 26 8 61 459 118 24 1 5 129,174 102,433 41,688 SURVEY OF CURRENT BUSINESS January 2001 23 by Industries, 1997—Continued at producers' prices] Scientific and controlling instruments Ophthalmic and photographic equipment Railroads and related Miscellaneous services; manufacturing ir ground transportation 65A 11 47 97 4 4 64 906 Air transportation Pipelines, freight forwarders, and related services 65B 65C 65D 65E Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary Wholesale trade 546 228 21,861 27,740 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 92 21 107 409 11 7 80 3 190 29 54 39 34 11 26 24 158 35 15 424 3 19 18 250 12 22,018 14 3 3 17 2 98 23 3 2 69 44 37 35 1 6 234 193 1 47,140 70,172 206 209,872 34,530 260 130,646 3,522 314,228 202,420 8,291 22,173 7,465 123,806 22,644 49,696 78,362 211,866 37,136 137,175 37,648 314,228 5,180 232,885 111,176 Industry number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 284 32 276 49 35 657 2 116,349 701 113 Water transportation 31 7 110 45 127 125 50 27 19 19 60 49 92 96 81 39 219 41 107 1,246 369 766 Motor freight transportation and warehousing 65,740 804,290 24 SURVEY OF CURRENT BUSINESS January 2001 Table 1.—The Make of Commodities [Millions of dollars For the distribution of industries producing a commodity, read the column for that commodity Industry Retail trade number Finance Insurance For the distribution of commodities produced by an industry, read the row for that industry Commodity number 69B 70A 70B Owneroccupied dwellings 71A Real estate and royalties Hotels and lodging places 72A 71B Personal and repair services (except auto) Computer and data processing services, including own-account software 72B 73A Legal, engineering, Ckfcrv intinn dv/OUunnriy, and services 73B 1 2 3 4 5+6 7 8 Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining .... Coal mining Crude petroleum and natural gas 9+10 Nonmetallic minerals mining 11 New construction, including own-account construction 12 Maintenance and repair construction, including own-account construction 13 Ordnance and accessories 14 Food and kindred products 15 Tobacco products 16 Broad and narrow fabrics, yarn and thread mills 17 Miscellaneous textile goods and floor covenngs 18 Apparel 19 Miscellaneous fabricated textile products 20+21 Lumber and wood products 22+23 Furniture and fixtures .. 24 Paper and allied products, except containers 25 Paperboard containers and boxes 26A Newspapers and periodicals 26B Other printing and publishing 27A Industrial and other chemicals 27B Agricultural fertilizers and chemicals 28 Plastics and synthetic materials OQA «n 29B Drugs Cleaning and toilet preparations 30 Paints and allied products 31 Petroleum refining and related products 32 Rubber and miscellaneous plastics products 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A Footwear, leather, and leather products niaoc anH nlaoo nrnrlurtc Vjldob dllU yldoo prUUULlb Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines .. Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electncal Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances . Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Airrraft anri narto MirUidll dllU [Jdilo 73C Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services, passenger ground transportation Motor freight transportation and warehousing Water transportation .... Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical 70 pv AHwor+ioinn 71B 72A 72B 73A 73B 74 75 76 Ilk 77B 78 79 82 84 357 MQvenismg Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterpnses General government industry 0 690,998 639,292 650 335,353 591,837 728,196 316 942 77,855 118,733 303,661 628 n 612 754 336,801 1,549 305,384 338,350 n1 0 2,161 1,717 1,032 498 58 16 11,437 694,876 639,350 337,367 2 Mm icohm"H inHnctrv nuubciiuiu iiiuubuy 85 Inventory valuation adjustment T Total commodity output * Less than $500,000. 591,837 741,073 77,855 119,364 SURVEY OF CURRENT BUSINESS January 2001 25 by Industries, 1997—Continued at producers' prices] Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises Scrap, used and secondhand goods General government industry Household industry Inventory valuation adjustment 73C 73D 74 75 76 77A 77B 78 79 81 82 84 85 834 787 18 21 34 35 44,927 39,604 '33 19 3 66 66 17 42 40 12 17 6 63 10 70 9 2 22 1 4 1 1 5 1 24 36 21 7 13 66 5 5 3,543 2 5 4,864 36,182 1,023 129 54,214 270 6,389 525,237 303 105 15,921 40,975 130 660 356,226 182 97 701 196,506 22 188,600 726,052 926 302,241 1,717 1,151 101 423 74,750 42,539 920,196 12,464 533,214 186,963 357,943 251,976 190,881 726,052 302,241 74,750 43,561 1,542 920,196 12,464 10,751 10,751 Total industry output 103,137 142,439 11,327 40,987 12,890 22,967 121,480 17,534 640,725 303,583 20,041 486,269 41,551 48,493 21,314 72,710 25,019 117,064 61,035 118,159 38,648 70,935 136,582 140,158 23,798 63,542 85,737 52,818 18,084 172,747 156,389 9,132 22,401 62,544 105,002 87,875 12,827 70,078 52,768 74,898 23,578 53,966 13,661 38,148 33,992 41,798 36,966 103,302 38,453 39,167 20,716 25,212 88,025 138,426 25,470 220,050 131,261 101,818 41,977 123,167 24,122 52,297 70,383 225,239 34,530 130,646 43,857 319,092 41,362 202,966 107,219 23,013 804,289 690,998 694,156 335,353 591,837 728,512 78,797 119,003 303,661 343,803 544,400 41,278 356,886 196,709 188,718 726,752 303,167 88,551 124,192 920,196 12,464 10,751 14,704,030 Industry number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T 26 • January 2001 SURVEY OF CURRENT BUSINESS Table 2.—The Use of Commodities [Millions of dollars For the distribution of output of a commodity, read the row for that commodity Commodity number For the composition of inputs to an industry, read the column for that industry Industry number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining . Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction Maintenance and repair construction, including own-account construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricaied textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services, passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places 72B Personal and repair services (except auto) 73A Computer and data processing services, including own-account software 73B Legal, engineering, accounting, and related services 73C Other business and professional services, except medical 73D Advertising 74 Eating and drinking places 75 Automotive repair and services 76 Amusements 77A Health services 77B Educational and social services, and membership organizations 78 Federal Government enterprises 79 State and local government enterprises 80 Noncomparable imports 81 Scrap, used and secondhand goods 82 General government industry 83 Rest of the world adjustment to final uses 84 Household industry ... 85 Inventory valuation adjustment I Total intermediate inputs VA Value added T Total Industry Output Livestock and livestock products 1 Other agriproducts 2 12,795 32,987 9 4,517 5,205 10,527 9 355 1,180 1,556 Forestry and fishery products Agricultural, forestry, and fishery services 3 4 101 399 2,890 Metallic ores mining 5+6 852 4,582 67 206 Coal mining Crude petroleum and natural gas Nonmetallic minerals mining 7 8 9+10 New construction, including count construction 11 1 24 30 1,557 13 2,320 3 8 8 334 363 321 85 482 111 538 276 58 97 356 8 75 4 Maintenance and repair construction, including own-account construction 10 12 1,370 668 2,164 1,188 4,156 340 379 2,681 1,271 573 490 31,081 2,139 2,441 317 291 20,579 7 842 154 134 2,159 3 68 959 170 4 583 7,198 11,012 137 2 345 6,104 5,956 1,615 34,884 5,046 4,545 154 9,513 2,246 2,195 34,368 396 11,190 13,770 130 4,511 1,587 2,287 550 3 3,642 324 535 46 174 6 546 6 8 080 3,761 1,513 10^292 2,235 3 528 1,252 811 4,496 880 49 28,004 22,144 185 460 248 7 5 7 74 270 361 955 5 10 65 10,785 191 14 19 12 4 37 8 160 10 66 2 5 4 742 1 4 6 1 1 357 1 1 2 1 1 1,049 271 90 677 309 54 423 151 82 15 8 6 2,972 1 54 11 7 24 135 9 3 n1 384 1 348 41 917 521 49 7 4,126 87 2 40 594 3,475 827 200 8 217 45 10 11 133 38 3 6 2 799 17 1 2 265 1,956 523 172 10 245 2 124 21 3 47 327 81 14 86 64 163 63 132 1,310 172 5 570 10 356 56 15 565 263 4 49 29 237 128 81 179 128 19 24 4 59 4 75 3 62 21 258 2 24 24 278 492 138 392 29 44 33 59 118 166 n1 24 2 3 3 10 38 42 2 30 267 756 6 40 4 9 11 18 1,252 485 78 188 33 62 19 39 45 66 789 418 87 694 22 882 547 4,582 99 430 8 1,272 379 31 11 16 23 12 77 30 1 2 2 18 2 21 9 4 69 351 9 582 2 180 2 81 206 10 43 3 34 2 3 3 815 384 55 105 5 39 2 9 3 173 279 73 273 9 216 5 81 344 9 59 6 52 536 36 4 1,050 37 205 59 1,429 5 367 95 1,183 231 634 153 714 321 12 775 66 141 67 789 174 634 24,735 25,089 3,959 3,868 332 11,647 13,945 1,635 1,032 250 45 3 48 180 190 50 55 31 3 3,364 501 274 560 43,840 19,513 431 523 2,830 102 1,424 239 167 318 10,030 9,936 207 249 1,755 61 11 9 35 630 36 330 18 4 2 349,548 291,177 640,725 150,782 152,800 303,583 94 329 1,493 58 142 33 318 16 31 272 37 1 13 1,771 7 2 19 196 24 79 41 71 3 812 97 1,231 10 275 127 438 533 394 916 391 686 7,228 (*) 618 1,666 5,009 29 12,462 44 93 5 79 592 13 9 126 4 102 1,584 28 16 14 28 6 8 275 191 6 29 61 4 313 67 79 3 560 514 150 66 376 307 127 36 6 16 202 204 6 42 32 2 795 81 33 12 425 266 14 82 38 19 26,097 256 12 80 2,030 544 112 258 113 66 33 6 1 25 26 11 3 120 74 87 42 22 1 2 45 1 1,537 2J22 64 11 20 365 77 12 45 59 23 103 47 64 180 1,984 51 1,645 984 9,418 170 962 18 2,484 51 1,442 2,660 38 68 121 280 147 6,052 79 15 14 9 30 2 99,708 3,429 103,137 66,360 76,079 142,439 6,085 5,242 11,327 15,543 25,444 40,987 7,044 5,846 12,890 11,821 11,146 22,967 79,282 42,198 121,480 12 6,992 10,541 17,534 SURVEY OF CURRENT BUSINESS January 27 2001 by Industries, 1997 at producers' prices] Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals 13 14 15 16 17 18 19 20+21 22+23 24 25 26A 26B 27A 27B 27 82 539 42,545 3,401 3,384 3,257 73 56 183 6 14 9 431 27 56 149 17 11 9,103 9 41 9 38 59 12 37 9 43 705 49 73 177 17 12 19 24 5,394 1,234 1,493 1,018 1,498 208 492 375 1,274 1 178 24 21 13 17 3 3 12 288 23 412 131 182 2,325 122 351 96 3,577 16,499 613 48 6,544 1,424 2 13,560 2,565 251 236 9,990 64 41 372 21 78,673 280 1,478 89 717 2,626 1,875 220 Commodity number 409 732 4 87 47 2 30 6 74 122 3 2 4 45 4 31 3 131 23 47 6,633 8,673 6 1,138 2,520 2 180 123 529 253 6 2 29 37 2 760 31 47 2 1 417 75 75 24 5 330 7,920 5,161 907 545 77 50 94 365 1,219 9,633 45 287 126 198 79 200 142 421 376 13 4 340 1 917 424 41 1 40 16 16 21 167 473 1,369 4 37 236 3,566 21 193 277 16 51 457 578 3 3 22 164 760 4 3 36,691 4,953 6,746 50 19 12 216 62 247 4 14 464 175 459 276 131 785 3 11 95 16,709 1,504 15,436 5,154 16,801 87 16 500 512 222 4,437 11,013 2,555 164 3,261 11 210 567 939 9 221 711 71 36 38 358 243 521 17 561 2,426 4,094 177 3 8 0 188 5,246 6 840 542 32 58 152 166 2,206 659 172 146 272 179 10 602 1,349 29 77 95 116 60 73 198 215 6 48 0 18 118 36,488 1,224 1,145 2,260 2,930 171 769 98 175 192 2 35 46 103 213 307 10 710 14 47 1 27 2 32 5 880 7 216 1,607 2 271 86 21 251 33 185 5 29 40 546 79 21 29 2 ........ 57 291 5 503 40 1 1 143 1 7 2 849 480 753 1,133 3,009 2 381 23 75 69 105 174 49 35 100 120 72 359 27 261 11 24 25 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 77 50 138 1 11 12 13 14 20+21 22+23 68 87 2,199 1,568 1 108 22 1 9,285 138 162 9 354 600 9+10 15 16 17 18 19 3,479 16 1 2 3 4 5+6 7 8 91 52 35 36 37 38 39 40 41 42 43 44+45 18 54 6 213 82 26 49 121 6 4 7 19 21 408 978 7 102 18 2 26 2 1 1,466 239 1 1,134 7 9 34 2 1 7 53 229 2 138 2 79 189 4 27 1 2 150 3 185 224 3 9 10 29 9 26 4 2 4 7 1 9 12 67 2 4 15 1 8 2 18 13 3 4 13 441 23 21 11 46 40 16 5 3 1 1 124 411 14 78 1 63 2 667 94 752 4 353 4 160 1 22 28 291 3 110 1 61 8 7 12 191 857 11 239 3 203 17 10 5 6 2 1 443 114 697 137 511 164 21 3 6 1 2,124 1,212 3,197 1,296 14 525 5 524 140 470 180 303 33 67 2 50 660 257 39 179 86 29 1,091 215 58 276 121 48 291 623 130 2,290 1,008 3,598 1,389 2,750 2,596 1,101 7,777 33 263 80 8 154 43 17 537 138 377 102 64 91 81 85 291 208 70 105 5 893 220 117 111 197 142 146 77 146 112 271 129 135 619 130 135 207 7 294 195 550 909 42 65 24 28 25 23 23 53 142 29 16 481 5 137 35 3,436 1,937 8,471 11,571 20,041 10 34 7 2,979 8,648 13 3 5 10 i' 3 196 6 25 (*) 25 112 1 111 1 65 164 56 17 164 88 358 80 62 40 8 14 325 1,824 23 732 674 29,933 879 3,366 1,018 1,923 1,204 574 966 1,351 5,957 12,233 1,264 2,016 343,534 142,735 486,269 86 18 7 806 129 333 92 193 138 48 95 410 426 3,704 16,322 25,229 41,551 195 530 8 149 1 64 1,074 30,673 17,820 48,493 3 1 12 69 812 1,187 3,554 1,603 79 441 9 283 8 191 4 116 20 132 21 192 605 1 232 4 416 190 148 432 137 55 2,424 1,251 624 334 95 38 273 61 19 860 267 89 7,952 4,183 5,991 2,239 1,439 4,488 9 180 49 84 700 209 100 444 128 176 820 240 13 265 75 43 483 133 53 905 251 1,053 716 277 148 240 336 609 167 45 108 471 459 326 328 547 253 3,719 1,084 181 51 381 848 366 148 474 520 387 327 555 1,399 1,112 1,862 380 325 431 44 605 205 153 14 749 349 772 62 194 109 71 120 76 557 62 116 182 17 2,539 825 263 174 56 372 73 13 36 99 296 117 89 53 5 3,137 1,735 2,519 1,353 185 265 71 387 619 86 904 409 743 79 12 24 15 18 42 49 69 38 44 152 35 11 3 230 60 50 13 96 76 45 48 8 120 64 240 157 750 24 21 11 19 58 492 18 121 182 313 47 306 114 81 165 14,462 6,852 21,314 51,089 21,621 72,710 32,559 28,476 61,035 68,384 49,775 118,159 25,388 13,259 38,648 4,821 15,094 9,926 25,019 3,005 59 319 8 198 74,244 42,820 117,064 25,591 45,344 70,935 57,397 79,185 136,582 84 293 3,358 2,438 1,454 92,233 47,925 140,158 289 1,211 16 186 48 46 47 48 49 50 51 52 53 54 55 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 119 66 62 117 286 536 321 65 143 8 72A 72B 73A 73B 73C 73D 74 75 30 5 17 48 6 77B 78 79 80 15,404 8,394 23,798 I VA T 71B 76 77A 81 82 83 84 85 28 January SURVEY OF CURRENT BUSINESS 2001 Table 2.—The Use of Commodities [Millions of dollars For the distribution of output of a commodity, read the row for that commodity Commodity number For the composition of inputs to an industry, read the column for that industry Industry number 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 26A 26B 27A 27B 28 Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining . Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction Maintenance and repair construction, including own-account construction 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 Ilk 77B 78 79 80 81 82 83 84 85 I VA T Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services, passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises Noncomparable imports Scrap, used and secondhand goods General government industry Rest of the world adjustment to final uses Household industry Inventory valuation adjustment Total intermediate inputs Value added Total Industry Output Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials * Less than $500,000. Plastics and synthetic mstsrisls Drugs 28 29A Cleaning and toilet prepara- 29B Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products 30 31 32 33+34 35 36 Primary iron and steel manufartnrinn IQVsLUI tl t y 37 59 203 38 53 25 52 398 19 10 1 17 6 1 1 32 26 6 89,740 507 691 716 343 73 1,433 1,188 67 68 556 641 155 184 17 895 11 2 2 9 16 290 186 6 2 2 6 4 5 1,370 1,488 9 9 280 171 911 (*) 464 2,014 148 1,898 2 173 5,318 129 151 3 7 2,709 1,182 1,735 13 43 7,049 1 27 764 228 3 1 22,540 301 1,783 426 35 225 2,707 10 12 1 5 13 7 21 2 2 1 io 3,523 2,294 10,313 68 3,303 25 502 3,698 1 269 138 1 254 16 228 5 2 92 522 3 166 5 1 502 i66 3 3 160 101 1,903 605 17^455 620 1 434 257 13 1,213 72 1 16 2 20 2 39 16 264 52 2,695 1,295 238 3,635 282 209 456 855 23 193 1 1 310 6 313 198 39 23 49 749 1 360 2 1,183 601 182 4 6 1,557 31 18 3 93 1,305 28,420 13 104 129 357 8,918 52 886 217 698 106 16 19 91 39 253 2,527 5 320 40 22 113 508 134 112 545 525 2,442 371 28 125 6,987 506 93 144 60 445 985 37 33 69 435 5 31 454 189 1,483 17,379 1,731 3 6 425 2,085 44 4 64 26 2 1 106 25 12 123 39 141 30 903 25 1,685 565 1 965 21 52 72 141 34 29 21 99 5 11 1 25 24 35 2 49 4 1 112 1 305 699 26 944 1 7 3 10 9 29 1 1 8 52 2 76 5 15 4 17 24 10 80 8 25 132 3 38 27 18 6 1 4 3 3 22 17 9 60 19 3 4 1 435 1,130 76 203 18 268 9 8 23 158 354 8 356 3 343 5 6 11 258 678 28 206 8 181 3 1 1 262 428 18 55 3 47 20 6 5 383 975 359 118 5,004 213 14 18 48 903 4,449 99 547 7 452 48 1 25 8 2 1 301 385 22 79 1 75 12 4 46 638 3,834 167 174 6 187 119 9 4 1,525 2,990 179 401 6 200 i"i37 714 340 3,274 39 495 112 584 210 181 6,224 61 774 153 265 132 111 3,100 160 463 103 88 29 65 938 3 148 31 1,553 2,208 512 6,543 32 1,412 224 2,664 567 233 6,634 189 1,257 305 59 31 89 430 5 58 23 576 371 60 1,276 60 167 48 1,276 1,035 131 2,333 71 384 145 3,184 1,663 742 9,670 31 765 216 267 170 170 307 1,711 915 347 180 376 41 791 297 85 241 2,425 2,580 5,463 349 239 113 490 165 52 123 806 1,131 3,593 173 155 72 64 51 12 27 185 167 230 52 42 15 1,888 156 298 488 1,108 1,634 640 254 596 55 1,530 444 293 594 993 2,481 884 497 722 88 58 24 9 44 24 98 200 32 25 1 147 68 63 111 86 401 94 81 145 7 435 158 165 259 282 1,067 305 174 369 19 400 283 425 737 408 2,124 367 314 886 54 144 17 40 336 458 33 31 3,423 105 58 34 719 12 9 3 102 170 51 29 505 572 93 59 368 4 14 15 4 15 18 9 50 87 40 33 24 176 68 74 76 158 3,415 43,776 19,766 63,542 44,129 41,608 85,737 30,671 22,147 52,818 10,293 7,791 18,084 142,231 30,516 172,747 87,263 69,126 156,389 6,313 2,819 9,132 11,575 10,826 22,401 31,562 30,982 62,544 66,349 38,653 105,002 13 141 n SURVEY OF CURRENT BUSINESS January 29 2001 by Industries, 1997—Continued at producers' prices] Primary nonferrous metals manufacturing 38 Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworkmg machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery 39 40 41 42 43 44+45 46 47 48 49 50 51 52 Commodity number 1 2 3 17 43 3 2,877 1 16 24 34 2 13 32 14 2 3 1 27 10 4 4 2 23 16 5 1 14 26 23 1 2 2 28 1 246 200 219 259 3 3 196 1 35 42 3 2 13 2 4 5+6 7 6 9+10 •| 516 76 256 553 460 171 3 8 294 61 886 12 13 14 15 16 1 18 19 20+21 22+23 15 385 67 79 2 3 395 5 37 70 119 1,402 49 26 80 40 258 5 6 618 74 266 2 5 199 244 370 3 2 664 46 124 388 8 85 91 209 16 324 207 97 67 155 11,744 2,599 9,038 4,049 4 6 99 17 380 821 376 29 20 778 239 983 9 4 225 166 694 6 234 93 2,419 4,939 10,622 5,693 26,688 694 51 815 16 788 47 534 346 6 229 19 48 1 263 62 2 544 1,000 2,278 423 142 322 41 966 1,120 1,192 1 99 1,110 1 5 5 2 634 1 41 327 3 165 54 261 3 43 1 23 2,140 151 2,373 2 2 53 28 328 103 3,600 25 136 117 49 8 12 12 2 7 36 5 1 21 83 2 5 251 217 21 3 3 70 147 111 3 3 11 60 5 5 6 68 348 20 12 136 119 2 1 84 24 25 26A 26B 20 12 25 147 11 64 70 13 115 50 1,794 1,015 28 29A 29B 30 31 32 1 5 2,020 32 42 259 116 91 325 67 577 1,006 14 78 178 24 59 13 300 4 59 102 124 5,387 1,431 2,762 1,893 1,453 2,957 1,136 2,647 2,278 544 366 979 153 504 481 566 62 153 462 598 44 2 280 9 293 599 2,918 1,350 1,951 115 98 778 468 353 879 2124 321 400 481 68 253 526 394 123 314 145 1,982 4,340 81 869 1,071 2 924 791 13 253 13 106 18 142 1,167 1 170 2,069 2,306 870 222 1,014 1,080 302 730 55 64 196 31 1 399 2 9 4 346 1,143 904 1,394 1,541 28 179 649 843 354 796 433 395 17 1,744 349 720 1,119 1,302 837 35 4 2 1,208 1,414 460 12 132 595 246 54 55 1 96 2,466 5 323 80 3 62 49 30 60 23 92 33 33,599 310 17 34 2 10 4 6 4 9 6 2 1 70 20 167 1 66 4 1 43 289 2 150 1 153 16 4 11 50 324 2 176 1 178 59 289 4 135 2 104 7 23 10 111 230 3 663 6 535 563 5 146 61 349 3 168 2 108 15 15 9 7 149 10 9 193 954 8 227 2 201 7 2 175 719 9 179 2 118 2 6 2 182 914 17 258 2 249 23 415 126 2 50 4 92 81 784 9 225 2 151 Q 15 6 5 49 395 3 161 1 157 581 186 617 857 375 147 162 48 29 350 133 44 66 30 5 330 93 26 213 63 21 356 111 44 358 102 28 587 80 74 235 77 105 519 228 60 19 8,132 1,029 3,996 3,079 4,013 1,233 3,592 1,323 1,810 2,527 2,461 1,388 13,512 2,537 15 543 155 6 95 24 48 455 113 32 418 102 54 503 133 8 164 41 17 380 100 5 88 28 11 248 69 11 214 54 16 275 73 10 245 64 38 1,079 27 291 70 469 230 171 287 225 647 187 59 161 282 419 145 117 221 437 594 205 115 281 464 1,695 1,108 1,313 148 259 392 29 64 41 28 41 45 165 29 44 66 10 346 223 188 16 369 176 244 28 607 244 315 18 106 69 31 100 56 311 49 77 74 11 191 148 62 184 355 689 377 172 163 29 82 35 9 22 105 169 85 41 29 3 350 106 34 96 281 534 249 139 115 7 323 92 27 70 284 433 245 116 79 13 226 112 54 128 271 622 364 140 146 10 430 100 37 75 269 733 288 116 108 18 74 41 47 213 18 1 7 4 68 47 29 113 114 159 42 22 61 68 52 50 90 40 19 13 12 33 33 55 17 146 7 11 6 46 30 25 17 39 3 18 38 8 119 27 32 17 163 12 25 14 16 78 2 2,978 60,665 27,210 87,875 11,434 1,394 12,827 37,210 32,868 70,078 30,449 22,319 52,768 38,100 36,798 74,898 14,379 9,199 23,578 28,981 24,985 53,966 35 36 37 38 39 40 41 42 43 2,927 1,964 14,449 462 219 60 1,140 33+34 46 47 48 49 50 51 52 53 6 n 27A 27B 44+45 242 64 2,356 26 596 17 116 339 951 911 945 17 115 1 13 1,979 8 8 -| 272 8,105 5,556 13,661 16,007 22,141 38,148 18,338 15,654 33,992 20,190 21,608 41,798 15,347 21,619 36,966 221 1,556 379 66 1,337 1,125 1,748 1,329 372 266 111 154 33 25 6,085 90,156 13,146 103,302 56 57 58 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 158 102 38 138 206 427 282 120 107 21 72A 72B 73A 73B 73C 73D 74 75 61 6 13 40 77B 78 79 80 21,982 16,471 38,453 71B 76 Ilk 81 82 83 84 85 I VA T 30 January SURVEY OF CURRENT BUSINESS 2001 Table 2.—The Use of Commodities [Millions of dollars For the distribution of output of a commodity, read the row for that commodity Commodity number For the composition of inputs to an industry, read the column for that industry Industry number 1 2 3 4 5+6 7 8 9+10 11 12 13 14 15 16 17 18 Livestock and livestock products Other agricultural products ... Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction Maintenance and repair construction, including own-account construction uranance ana accessories .. Food and kindred products .. Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) 53 54 55 56 57 58 59A 31 35 1 13 11 32 30 123 20+21 22+23 24 25 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 84 85 I VA T 'Less than $500,000. 1 2 1 41 75 27 10 21 19 53 287 26 794 1,085 850 169 6 135 700 2,598 170 5 1 2 5 151 129 306 3 1 53 4 802 285 171 10 21 21 116 551 595 249 24 73 231 1,081 21 167 64 1,977 30 16 67 783 27 46 60 1,936 1,103 1,814 2,117 44 119 1,399 1,027 598 219 877 1,436 3 19 419 1,237 35 177 101 4 2 63 10 3 256 200 1,378 5 5,733 2 221 878 236 442 746 389 775 493 643 1,117 650 97 47 77 79 170 281 8 1 2,840 81 47 111 22 203 262 4 240 28 4 73 127 20 37 21 11 6 23 60 211 810 60 11 5 1 2 17 293 149 116 140 162 113 907 5,604 2,530 1 45 295 6 2 257 55 20 9 20 918 383 350 10 773 15 4 11 127 2,128 40 1,828 14,344 20 514 1,365 2,310 297 393 68 8 614 226 3,543 1 110 440 11,417 10,761 18,511 3,985 3,044 1 919 6,018 1,943 413 14 169 10 340 79 1,113 4 3,040 6 2,187 5,462 5 320 14 1^201 1,495 6,074 2,997 353 61,983 106 1 4,575 2,416 1,042 12,679 1,750 25 49 624 3,146 27 1,500 11 242 6 25 11 400 1,798 18 744 7 251 7,565 16 26 7 15 276 211 16 10 2,094 870 116 757 3,324 522 1,539 4,603 287 169 820 937 2 225 113 333 548 65 99 126 149 3 707 73 493 925 13 296 859 13 226 1 182 1 606 4,812 24,329 346 1 5 8 5 462 623 32 117 7 1 52 289 3 110 820 66 16 238 78 100 527 8 35 628 224 3 3 105 138 3 2 1—\f\i loohftlH onnlionooo nouscnoio appliances .......... Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services, passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings .... Real estate and royalties Hotels and lodging places ... Personal and repair services (except auto) Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places ., Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises Noncomparable imports Scrap, used and secondhand goods General government industry Rest of the world adjustment to final uses Household industry Inventory valuation adjustment Total intermediate inputs Value added Total Industry Output 61 60 59B Other transportation equipment 1 19 Apparel Miscellaneous fabricated textile products Lumber and wood products . Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products ... Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products .... Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery .. Electrical industrial equipment and apparatus 27 13 4 35 229 173 Truck and bus bodies, Aircraft and trailers, parts and motor vehicles parts 261 376 29,898 386 79 60 2,468 915 1,680 1 16 243 829 2,846 172 991 1,711 834 276 1,327 228 27 2,249 602 665 373 748 1,939 36 (*) 66 948 296 58 86 '{216 1,441 30 5 18,675 92" 1,184 125 122 128 1 129 1,151 980 1 430 192 2 3 87 490 3 166 1 89 93 7 3 102 320 8 169 1 163 836 49 318 4 106 1 72 112 304 2 445 4 464 303 286 2 96 1 79 324 107 36 2,729 145 54 10 213 75 28 454 76 43 1,826 241 57 71 594 1,146 243 169 198 117 292 405 539 98 145 211 76 1,554 1,769 6,218 9,039 2,148 16,425 8,958 3,202 2,153 31 322 67 41 155 40 49 174 45 52 820 174 49 25 200 48 63 66 1,526 1,112 417 261 16 822 162 13 255 79 273 108 45 92 159 623 429 131 118 12 75 62 16 29 69 253 540 75 54 8 262 73 20 80 140 354 505 93 76 7 899 283 76 511 846 516 609 179 175 471 386 263 445 818 350 278 156 761 798 1,874 2,612 1,631 347 300 369 74 530 103 24 104 222 462 219 127 80 9 30 30 12 295 42 47 13 52 15 18 13 296 118 112 17 690 330 69 93 481 32 14 13 466 57 798 147 121 717 329 216 98 542 20 250 28" 85 23 154 14 13 33 20,197 18,970 39,167 14,221 6,495 20,716 13,308 11,903 25,212 55,264 32,761 88,025 82,271 56,155 138,426 15,733 9,737 25,470 188,577 31,473 220,050 95,188 36,072 131,261 54,104 47,714 101,818 22,068 19,908 41,977 1 69 4 62 43 17 1 1,424 626 307 244 69 594 16 656 5 633 1,336 300 1,586 458 332 945 2,192 3,541 1,887 488 722 119 0 69 180 72 40 68 86 563 220 96 103 8 1,574 1,805 884 632 14,981 164 424 580 125 114 427 7 778 6 217 49 SURVEY OF CURRENT BUSINESS January 31 2001 by Industries, 1997—Continued at producers' prices] Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing 62 63 64 75 14 28 11 14 5 40 24 12 11 2 Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, andrelated services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 1 2 3 4 1 1 2 4 80 7 6 182 117 1 527 24 13,701 11 48,184 14,635 8,897 io6 10 5 823 179 226 26 79 343 517 19 1 105 50 378 520 14 56 177 649 227 5 2 548 505 33 161 24 694 50 283 775 10 40 506 576 305 i"i73 32 74 140 2,700 13 40 278 174 1,676 47 25 146 1,036 2,129 1 39 582 3,783 1,175 45 255 76 232 749 326 1,982 25 29 5 13 233 134 13 3 12 58 78 145 67 409 122 2 50 84 11 7 6 4 44 31 13 44 4 22 170 62 93 241 2 133 6 42 2 12 4 240 20 105 28 271 10 284 140 170 1,131 19 14 6 11 10 18 70 18 11 87 361 20 5 2 13 2 9 3 4 4 523 4 5 36 6 1,866 203 2 11 9 276 10 1 2 3,468 343 1 92 3 441 1 51 502 117 8 2 6 4 10,910 41 1 141 1 100 164 7,180 5,909 289 37 190 10 125 24 34 42 55 4 15 ib U96 '{471 41 111 150 310 409 27 1,138 17 44,578 210 1,126 148 386 3,401 108 3,383 729 6 22 5 29 55 2 737 1,228 205 6 58 99 11 321 285 135 6 30 5,421 732 553 492 28 361 6 6 6 47 47 16 392 494 60 554 5 2 36 116 4 63 8 485 80 678 646 904 3,257 68 4,587 456 16,817 24 5,222 244 906 47 3,096 507 148 23,825 19 549 29 905 160 118 511 1,493 588 160 149 292 6,442 1,684 1,437 23,490 2,031 8,928 2,307 25,732 3,036 2,026 9,485 10,906 47,514 21,919 3,168 7,140 1,442 214 170 1 15 4 10 239 64 149 200 740 3 12 402 207 188 37 125 104 92 541 1,378 2 1,516 4 106 6 1 108 21 376 11 3 208 461 138 334 1,197 11,564 48 6 18 5 234 16 29 620 3 28 110 208 32 8 5 6 520 980 i' 1,494 680 4 7 54 17 88 7,333 67 1,701 46 24 19 31 167 312 55 7,763 11,420 1,405 32 31 40 251 60 270 1,028 1,272 11 359 1 3 39 730 64 9 3 306 393 68 96 141 39 372 125 5 158 4 3 25 6 53 4 54 86 6 11 314 63 8 13 4 8 7 36 118 327 708 2 37 8 2 196 42 19 7,167 2 600 199 18 51 2 25 5 121 29 146 62 31 5 39 14 446 429 306 3 56 42 183 9 1 19 120 647 30 580 5 636 1 "i20 1 73 7 21 40 245 14 1 239 10 96 25 4 2 7 72 1 2 18 25 8 3 3^566 23 9 142 540 8 500 5 637 162 683 1 76 156 7 84 1 128 11 2,867 108 550 10 164 2 166 10 13 3,148 529 19 294 535 507 17 30 70 40 435 41,122 956 2,083 6,849 2,607 790 104 80 5,444 69 999 222 132 56 25 1,274 20 211 47 299 114 36 4,008 70 335 102 105 1 142 1,914 251 833 348 1,321 149 2,857 5,851 940 1,841 1,981 143 9 31 418 13 872 67 309 18 161 1,811 49 1,934 392 492 5 41 353 34 770 312 1,136 345 88 497 1,371 2,905 1,774 407 287 76 131 69 16 78 63 586 360 80 59 19 520 122 40 76 283 828 1,678 163 130 24 787 166 58 1,142 521 1,697 280 236 974 38 904 48 34 183 718 3,482 1,244 51 16 19 1718 345 376 2,761 1,225 2,153 1,647 2,219 179 123 i"bo9 124 99 4,106 2,291 1,614 1,133 132 251 33 5,626 965 2,385 4,162 10,965 7,641 5,280 975 2,055 4,706 1,075 91 140 503 520 1,196 1,035 91 199 18,442 1,623 431 105 2,156 1,851 2,741 153 542 239 134 294 127 3 319 2,301 755 23 141 157 69 67 48 72 44 787 326 1 242 126 43 376 94 18 5 252 172 112 22 113 1 224 72 111 255 4,594 778 133 521 1,218 5,787 451 784 11,721 205 79 103 319 203 968 4 172 13 401 175 8 376 565 1,087 117 8,957 276 44 19 1,131 531 27 44 51 111 10 82 12 36 2,902 85 95 36 9,207 54,894 68,273 123,167 8,976 15,146 24.122 25,444 26,853 52,297 27,655 42,728 70,383 23,834 10,696 34,530 67.641 63,004 130,646 19,441 24,416 43,857 144,306 174,786 319,092 27,544 13,818 41,362 61,931 141,036 202,966 88,722 18,497 107,219 11,103 11,909 23,013 112,901 112,338 225,239 165 78 529 297 3,204 3,166 4,764 421 7,655 439 531 8 64 666 23 4,161 3,733 8 202 181 128 232 687 147 3 861 30 46 829 314 99 68 1,099 654 229 152 1 260 152 7,528 499 8 2 130 8,412 2,651 2 6 10 4,063 717 1 492 186 1,103 1,775 19 973 1,906 2,093 124 12 41 125 12,594 8 52 45 10 3 1,674 5,389 501 6,841 1 271,820 532,469 804,289 Commodity number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 Ilk 77B 78 79 80 81 82 83 84 85 I VA T 32 • January 2001 SURVEY OF CURRENT BUSINESS Table 2.-The Use of Commodities [Millions of dollars Commodity number For the distribution of output of a commodity, read the row for that commodity For the composition of inputs to an industry, read trie column for that industry Retail trade Finance Industry number Livestock and livestock products Other agricultural products .... Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining . New construction, including own-account construction Maintenance and repair construction including own-account construction Ordnance and accessories ... Food and kindred products ... Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services, passenger ground transportation Motor freight transportation and warehousing Water transportation . Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade 70A Finance 70B Insurance 71A Owner-occupied dwellings 71B Real estate and royalties 72A Hotels and lodging places 72B Personal and repair services (except auto) 73A Computer and data processing services, including own-account software 73B Legal, engineering, accounting, and related services 73C Other business and professional services, except medical 73D Advertising 74 Eating and drinking places 75 Automotive repair and services 76 Amusements 77A Health services 77B Educational and social services, and membership organizations 78 Federal Government enterprises 79 State and local government enterprises 80 Noncomparable imports 81 Scrap, used and secondhand goods 82 General government industry 83 Rest of the world adjustment to final uses 84 Household industry ... 85 Inventory valuation adjustment I Total intermediate inputs V A Value added T Total Industry Output 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C Owneroccupied dwellings 70B 5 933 Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services 71B 72A 72B 73A 30 5,134 189 2 4,616 414 66 4 2 3 Legal, engineering, accounting, and related 73B Other business and professional services, except medical 73D 73C 5 7 168 187 1 4 7,582 26,739 1,759 42,089 2,248 692 161 173 87 48 32 42 199 1 4,914 1,081 170 667 44 33 15 10 16 43 634 22 173 40 414 338 69 283 147 73 183 14 446 66 48 1,033 189 93 1 202 315 4 342 58 1,019 10 420 479 348 4 13 11 91 192 44 3,485 2,498 223 27 31 11 4 150 139 32 90 ""{267 157 480 3,893 51 445 60 52 1,743 22 30 1 537 165 12 38 16 3 3 45 148 384 5 18 3 426 75 25 627 448 454 10 339 6 21 73 33 34 329 220 145 47 15 321 61 232 402 30 24 469 2 22 1 40 40 65 288 131 2 783 110 221 2,220 48 1,528 154 26 11 117 11 160 1 2,069 901 281 3,103 1,882 6 18 8 9 9 2,443 2 244 473 39 3 256 296 43 262 54 4 720 111 2,065 1,649 72 454 124 126 32 42 19 33 56 113 320 5 237 18 40 48 123 712 403 67 1,466 28 13 1,056 71 1 332 1 3 22 4 1 250 76 2,355 104 651 5 5 3 17 10,375 932 12 34 21 515 60 3 1 4 4 1 18 804 48 545 312 237 868 7 1,260 13 4,373 532 222 1,133 894 963 2,338 50 2,798 52 7,365 ""{301 459 562 2,344 103 1,034 290 831 67 104 5,756 64 2,607 296 "7,386 158 156 1,437 70 4,277 460 "7,765 437 437 5,449 997 4,972 1,256 4,664 347 555 455 732 7,583 1,479 475 500 82 6,278 274 5,087 633 4,224 3,661 2,777 326 612 82 20,049 719 510 26,659 4,077 11,571 2,530 834 1,651 233 17,001 1,282 264 7,328 26,133 32,675 1,119 879 1,440 220 191 86 39 188 1,704 3,297 232 87 484 923 587 1,962 1,016 155 380 252 151 378 635 139 38 1 2,564 1,690 45 940 1,289 2,979 98 821 12,821 2,316 973 7,624 10,242 32,981 4,258 2,674 3,404 1,150 4 1,717 3,210 178 2,288 1 186,644 541,868 728,512 36,527 42,270 78,797 47,205 71,798 119,003 126,498 177,163 303,661 115,979 227,824 343,803 142,729 401,671 544,400 12,340 28,937 41,278 1,146 2,234 3,463 2,474 13,701 2,392 2^227 603 1,272 2,074 148 131,904 2,070 413 52 163 837 127 24,443 90,348 1,145 4,422 1,000 269 5,693 6,606 " '3^065 498 1,028 483 133 4,582 171 48,295 2,255 2,257 5,143 5,958 31,140 36,716 2,933 4,270 878 18,805 1,597 519 15,634 18,033 26,787 11,300 1,601 1,509 563 10,219 1,307 229 2,235 9,751 14,041 3,487 1,333 6,192 371 49,218 1,602 1,421 656 11,686 20,189 5,626 1,619 6,145 438 664 4,224 598 145 1 {044 18,644 312 6,120 432 2,360 54 1,304 1 227,179 463,819 690,998 291,007 403,149 694,156 184,017 151,336 335,353 82,681 509,156 591,837 48 15,976 2 310 132 224 217 250 460 4 1,103 13 6,289 18 30 78 82 361 2 397 1,116 1,010 2,623 2,186 11 7 165 527 197 110 236 1,015 714 486 670 764 254 1,464 8 313 51 973 545 95 930 1,762 103 640 8 349 8 1,497 2 481 625 528 4,805 9 1,891 26 9,566 18,397 235 45 3 62 146 164 532 665 5 1,614 25 4,812 185 181 12,653 13,757 106 97 9 113 343 166 425 1,058 2 1,351 18 5,800 'K548 63 2 1,993 58 97 2,202 20 525 16 34 9 863 268 2 87 218 530 654 2,086 30 2,394 61 7,693 16 78 2 643 87 34 800 52 179 828 2 37 44 29 61 0 95 1 438 309 135 9 4 408 23 226 57 85" 210 SURVEY OF CURRENT BUSINESS January 2001 33 by Industries, 1997—Continued at producers' prices] Eating and drinking places Automotive repair and services Amusements 74 75 76 432 2,569 3,221 285 5 2,794 Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry Household industry Inventory valuation adjustment 77A 77B 78 79 82 84 85 98 134 304 15 396 79 282 61 1,515 551 25 28 7 2 1 6 3 858 1,079 945 64 857 1,691 41 1,158 4,500 11322 2,531 22,099 5,377 3 976 670 119 13 122 67 128 1 308 134 109 379 452 285 44 67 766 972 247 3 2,619 930 585 3,291 11,065 44 230 15 989 915 5 1,326 8,508 32 1,541 501 3 8 69 10 75 90 535 1 1,473 419 1,331 11,695 295 60 17 1 2 259 3 113 168 3 72,580 877 943 40 589 244 62 53 196 23 379 249 122 68 135 315 69 4 761 2,723 2 644 517 94 499 2,327 4,544 2 1,119 33 10 50 111 450 239 92 6 4 4 8 21 36 9 232 61 81 119 4 2,197 2,756 1,459 1 229 280 39 23 38 6 22 108 21 44 61 33 391 15 1,050 568 8 36 152 433 579 2 135 255 163 1,266 986 121 352 15 37 2 4 89 395 9 680 191 229 15 1,370 135 90 1,668 32 88 5 9 49 443 791 12 373 1,013 201 24,361 2 459 12 13 38 2 52 13 200 1,971 215 4 67 3,575 147 87 690 17 9 3 3 33 79 225 172 15 1 792 17 6 7 156 1,714 106 139 44 847 58 312 284 118 52 52 33 34 291 67 220 263 36 421 685 11 106 22 40 161 135 472 381 i"586 349 11,997 1,262 423 979 2,345 43 3,519 38 7,893 13 428 476 1,071 341 1,231 36 1,148 30 3,194 13 2 21 43 897 2,031 1,913 1,926 19 431 128 23 11 40 695 864 623 148 42 526 13 41 53 167 5 21 3 11 182 7 60 41 50 19 918 11 18 723 606 2,850 26 1,247 18 1,332 191 52 55 368 1,190 22 955 355 1,967 11 42 75 403 162 469 15 635 11 1,582 6,645 1,170 1,943 16,099 439 3,470 547 1,656 454 589 7,398 1,364 3,434 965 2,998 246 434 2,911 181 1,673 343 9,252 1,706 2,279 13,086 555 5,273 3,525 2,865 696 955 4,713 456 5,530 843 533 387 727 1,208 25 1,041 283 4,071 3,407 1,477 1,454 24 1,868 240 15376 941 846 996 2,833 8,623 7,071 5,213 1,525 3,775 10,349 664 2,208 901 1,535 4,628 3,221 697 2,920 192 1,089 38 26 188 329 2,974 10 124 435 £521 47 127 288 3,964 2,025 295 123 568 4 139 725 304 22 431 49,105 3,158 1,756 6,748 12,150 43,503 3,297 5,099 5,678 555 13,669 2^251 7,060 456 45 29,295 942 656 3,766 4,476 23,223 7,503 1,900 2,103 1,546 503 569 441 206 1 11,565 523 508 835 4,076 7,164 6,642 605 1,230 27,057 50 263 731 106 332 -215 i"648 2,972 231 28 38 116 87 1,410 110 329 2,256 177,668 179,218 356,886 96,460 100,249 196,709 82,100 106,619 188,718 285,390 441,362 726,752 141,869 161,299 303,167 29,491 59,061 88,551 63,152 61,040 124,192 ,, ° 97,732 97,925 17,843 39,986 8,973 20,756 174,357 15,361 340 215,216 385 190,896 3,479 43,804 11,954 17,179 14,014 110,878 10,408 94,820 36,560 5,345 64,585 132,738 20,695 61,022 28 240 11,786 15610 99,644 139,287 4,730 21,858 63,039 113,138 94,237 12,807 63 210 51,437 71,608 13,972 6,693 4 393 13,720 6 732 22,406 33,031 39,902 21,846 31,026 4,325 24,035 21,231 144,815 17,956 2,747 114,269 27,310 4,604 34,869 8,967 15,807 40,100 151,259 14,552 58,626 29,961 150,284 1 747 117,390 69,097 35,780 394,971 53,889 288,601 146,682 73 46 18 145 Total intermediate use 450365 36,057 30,108 120,766 245,113 453,549 184,119 47,969 99,065 66,266 15 923 25,272 61,052 10,107 66,110 7,768 6,385,588 920,196 920,196 12,464 12,464 10,751 10,751 Commodity number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 84 85 I VA T 34 January 2001 SURVEY OF CURRENT BUSINESS Table 2.-The Use of Commodities [Millions of dollars Fcr the distribution of output of a commodity, read the row for that commodity Commodity number For the composition of inputs to an industry, read the column for that industry Industry number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 Ilk 77B 78 79 80 81 82 83 84 85 I VA T Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction Maintenance and repair construction, including own-account construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services, passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises Noncomparable imports Scrap, used and secondhand goods General government industry Rest of the world adjustment to final uses Household industry ... Inventory valuation adjustment Total intermediate inputs Value added Total Industry Output * Less than $500,000. Personal consumption expenditures Gross private fixed investment Change in business inventories Exports of goods and services Imports of goods and services 91 92 93 94 95 -387 4,019 4,398 25,025 4,344 968 948 55 189 50 65 33 13 43 291 2,720 -198 147 783 -770 1,937 1,719 3,237 27,513 6,062 3,208 2,321 8,234 1,003 6,185 3,865 11,582 1,304 17,424 21,669 2,170 1,430 559 1,933 5,623 222 258 1,091 231 -123 1,505 1,345 390 151 177 335 50 70 65 4,485 3"454 3,656 36,096 10,017 29,340 27,042 17 066 832 64,375 10,000 9,505 3,425 219 17,128 6,487 7,815 49,611 25,156 33,873 6,081 52,422 4,326 134,243 3,433 93,742 36,565 28,692 206,570 617,156 304,148 189,765 591,837 194,952 40,071 85,560 8,476 56,367 28,581 1,053 311,168 146,108 117,315 798,000 300,845 8,511 32,220 43,989 34,555 1,665 806 98 772 256 825 -194 2,083 117 390 446 391 325 2,310 95 166 -200 288 128 44,024 1,082 1,731 245 8,196 131,931 5,728 1,443 305 299 512 120 15,956 2,149 26,825 797 482 541 2,560 11,375 1,150 269 3 324 645 64 78 1,652 1,098 63,173 37,430 62,255 20,302 20,320 1,299 3,432 -54 140 489 383 2,516 137,584 8,963 13,838 10,644 54,616 7,746 7,299 1,278 5,837 69 2,519 194 2,268 574 1,300 762 127 473 561 186 943 10,243 145 -10 6,884 82,260 23,797 1,921 -306 -64,550 -1,263 74 3,430 9,921 23,332 -2,558 -11,969 -8,371 -12 1,306 2,344 3,322 488,457 33 063 1,495 282,777 31,748 1,898 6,696 97,322 15,477 3,168 29,643 16,625 967 20,223 2,272 791 3,635 25,220 4,638 13,453 10,384 4,513 1,185 10,244 11,932 1,863 2,518 2,455 5,049 10,214 328 3,356 1,492 8,428 9,890 14,979 2 284 6,139 8,624 12 403 4,033 40,337 5,238 6,479 3,055 4,522 19,525 39,093 8,817 25,125 28,633 48,545 4,388 28,631 4,322 6,623 5,349 14,754 4,038 30,591 3,090 4,931 -1,075 -28,225 -1,411 -5,349 -2,481 -56,319 -4,505 -14,330 -11,354 -15,056 -520 -222 -2,822 -22,147 -3,275 -7283 -26,766 -3,019 -459 -13,656 -20,071 -17,976 -3,698 -7,563 -18,137 -18,392 -304 -2,059 -2,751 -14,631 -3,688 -9,919 -2 949 -10,982 -9,782 -12 505 -2,587 -68,245 -3,253 -9,492 -6,151 -7,332 -35,181 -43,947 -11,958 -87,956 -31,780 -15,475 -4,651 -21,696 -11,176 -32,905 -194 -1,985 -14,786 283 428 63 -1,100 1 6,073 73,311 19,617 32 43,539 30,822 3,515 -889 -5,646 34,742 -16 114 74 120,335 19,636 313 4,406 8,542 9,086 5 1,183 9,380 921 710 204 607 273 -46,033 2,251 ^87^844 12,464 -497 -1,626 -2,449 -1,361 -3 -371 -9 -564 6,075 -120,721 -5,797 88,707 -40 901,651 -990,973 10,751 5,529,283 1,327,654 62,926 SURVEY OF CURRENT BUSINESS January 2001 35 by Industries, 1997—Continued at producers' prices] Federal Government consumption expenditures and gross investment Total National defense: Consumption expenditures National defense: Gross investment Nondefense: Consumption expenditures Nondefense: Gross investment 96C 96I 97C 97I 1 -62 -548 38 -282 34 -321 -1 15,922 12,369 15,094 194 112 43 391 127 28 160 662 105 129 1,498 3,904 22 14 911 173 16 2,773 715 37 117 140 271 366 18 800 187 668 439 466 58 78 76 359 567 3,468 92 1,097 55 436 10,101 1,022 1,424 1490 396 26 605 7,701 14,724 1,178 67 669 3,901 1,666 3,142 12 6,558 State and local government consumption expenditures and gross investment Total 1 -62 -546 15 1 33 -321 5 -2 24 -283 1 -6 10,200 5,722 8,206 7,675 176 4,591 4,163 721 18 21 33 1 50 18 91 3 389 77 9 24 71 46 6 266 1,652 3 5 628 106 2,369 478 33 5 14 259 152 18 353 145 252 97 3 6 1 162 176 233 49 584 36 300 3,956 747 343 4 179 18 969 1,283 4,594 702 15 377 2,991 1,568 2,055 26 1,979 2,615 579 1,087 4,880 2 1,522 2,149 1,598 279 611 1,702 3,501 704 93 32,696 4,343 21,694 88 1,407 347 1,108 1,885 8,495 1,270 245 10,623 198 292,813 -823 381 588 80 8,106 3,910 15,234 79 314 275 1,089 18 295 1,281 157 8,134 553 194,840 265 1 187 -680 2,400 72 59 261 78 409 46 41 41 155 268 1,051 8 153 14 3,111 733 976 83 5 833 6,218 7,115 404 43 12 144 0 126 1,682 32 591 59 123 1,232 2,252 19 9 283 67 16 404 185 4 112 125 12 114 338 43 127 0 21 4 29 23 10 28 1,109 33 260 1 136 167 275 203 16 24 934 70 1,642 66 3 276 730 98 907 -14 4,579 1,017 300 476 833 2 1,522 2,117 2,108 8 2 136 52 27 50 28 263 33 8 2 10 32 95 1,075 2 101 2 2,867 145 494 111 869 130 1,373 5 5 5 36 55 663 3j2(i 8,908 33 '116 13 3,266 433 6,460 9 1,093 72 19 1,867 8,200 -11 88 2 489 120 97,974 -823 12,416 -508 Gross investment 98C+99C 98I+99I 2,686 38 423 -2,918 3,428 3,906 265 1 187 -680 2,400 48 48 65 136,007 42,861 171 10,829 -38 528 129 1,514 647 286 4,166 4,348 258 992 8,282 5,345 620 2 6,853 1,106 1,199 13,964 2,901 254 219 290 267 43 9 16 135 2,120 290 2,419 25 597 246 539 419 4,602 1,099 787 217 833 1,538 290 538 8 069 2,391 90 1,112 6,049 3,319 2,634 5,820 3,285 542 4,517 269 11,328 65 2^218 136,007 42,861 171 10,814 -38 528 104 1,514 647 286 4 4,348 258 992 8,282 5,345 620 2 6,853 1,106 1 199 13,964 2,901 254 219 290 267 43 9 15 135 1,350 190 105 183 116 94 296 809 610 114 28 821 101 290 290 2,378 58 3,348 2,375 1,942 5,742 2,877 542 4,402 269 11,328 19,954 4,508 118 16,609 19,954 4,508 118 11,820 15,147 901 15,147 901 13,490 909 3,529 18,889 5,975 22,754 2,143 -3,312 5,271 -2,816 -89,952 -32,414 3,644 990 13,490 909 3,529 8,029 5,975 22,754 2,143 -3,312 5,271 -2,816 -89,952 -32,414 3,644 990 2,526 627,383 408 627,383 Total commodity output GDP Consumption expenditures 14 24 4,162 1 769 100 2,314 25 414 130 445 123 3,793 489 673 189 12 1,437 248 8 069 13 90 1,054 2,701 944 692 78 408 22,584 115 4,789 10,860 2,118 -61,558 -219 640,385 88,366 18,442 295,025 38,079 343 9,568 54,571 13,237 6,910 49,815 19,258 1,853 18,991 33,768 16,633 3,918 6,727 57,115 40,593 2 737 75,758 17,556 4,802 755 -735 -10,771 -6,816 214 7,929 1252 6,486 10,616 46,382 9 552 26,654 26,883 18,252 3,707 58,221 14,422 8,811 16,358 1,024 67,914 -1,565 9,728 218,512 14,906 75,123 37,084 88,937 13,677 33,889 38,263 60,608 78,549 7,687 163,944 3,433 115,495 42,079 29,960 409,319 640,987 350,750 190,684 591 837 290,208 41,798 89,256 184,618 93,237 79,666 2,843 309,974 152,911 124,615 710,129 276,969 13,697 33,454 -66110 -6,226 920,196 12,464 10,751 100,418 136 349 14,925 43,414 12,879 22^973 112,799 15^143 640,725 303,583 18,827 485,921 41,558 44,147 21,522 71,751 27,251 117,788 60,223 114,078 38,413 24,336 98,353 149,371 24,613 67,749 85,355 52,380 18,346 175,401 156,843 9,532 22,613 62,304 102,368 87,421 13,021 71,140 52,689 78,094 24,588 53,075 13 945 40,374 33,615 40,658 36,739 98,123 36,268 39,837 20,683 25,059 89,145 143,250 27,685 221,259 129,174 102,433 41,688 123,806 22,644 49,696 78,362 211,866 37,136 137,175 37,648 314,228 5,180 232,885 111,176 65,740 804,290 694,876 639,350 337,367 591,837 741,073 77,855 119,364 305,384 338,350 533,214 186,963 357,943 251,976 190,881 726,052 302,241 74,750 43,561 1,542 920,196 12,464 10,751 8,318,442 538,185 304,208 48J413 152,665 32,899 949,715 766,412 1831303 14704,030 Commodity 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 80 81 82 83 84 85 I VA T 36 January 2001 SURVEY OF CURRENT BUSINESS Table 8—Industry-by-lndustry [Total requirements, direct and indirect, per dollar Industry number Each entry represents the output required, directly and indirectly, of the industry named at the beginning of the row for each dollar of delivery to final demand of the industry named at the head of the column. Industry number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction Maintenance and repair construction, including own-account construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures ... Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines .. Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances . Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services, passenger ground transportation Motor freight transportation and warehousing Water transportation .... Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry Household industry Inventory valuation adjustment Total industry output multiplier * Less than .000005. Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction 1 2 3 4 5+6 7 8 9+10 11 1.20706 .44264 .00265 .09095 .00090 00299 .03745 .00457 .00448 1.04742 .00084 .07493 .00067 00136 .04087 .00760 .03528 .06702 1.02863 .25595 .00050 00083 .02742 .00237 .02727 .12921 .00172 1.01609 .00054 00089 .02418 .00492 .00097 .00225 .00099 .00372 1.14016 .00785 .04552 .00441 .00077 .00183 .00073 .00226 .00156 1.11522 .03979 .00231 .00057 .00139 .00061 .00275 .00133 .00224 1.35764 .00184 .00058 .00110 .00040 .00139 .00163 00714 .04980 1.03652 .04255 .00005 .31161 .02827 .00003 .00437 .04241 .00004 .06419 .01965 .00004 .01349 .02109 .00006 .00278 .07793 .00003 .00198 .02370 .00006 .00239 .00453 .00388 .00044 .00152 .01020 .00024 .01982 .01165 .00529 .00988 .02317 .04345 .00830 .00713 .00371 .00103 .03485 .02384 .00085 .00360 .00330 .00918 .00833 .00670 .00313 .00228 .00937 .00067 .00354 .00033 .00144 .00068 .00219 .00353 .00168 .00099 .00194 .00022 .00184 .00078 .00478 .00550 .00017 .00521 .00062 .00066 .00132 .00076 .00209 .02230 .06559 .00210 .00795 .00696 .01702 .00397 .03092 .01146 .00277 .14395 .00390 .03060 .01985 .00721 .00268 00042 .00269 .00937 .00015 .01041 .00915 .00229 .00467 .02441 .08415 .00683 .00172 .00408 .00066 .03467 .01251 .00013 .00072 .00313 .00578 .00371 .00072 .00214 .00111 .00624 .00046 .00350 .00027 .00092 .00042 .00177 .00273 .00108 .00063 .00127 .00015 .00112 .00050 .00305 .00527 .00011 .00373 .00039 .00024 .00066 .00050 .00137 .00535 .02851 .00124 .00486 .00337 .00982 .00167 .01248 .01192 .00268 .07731 .00217 .01845 .02061 .00283 .00624 00031 .00156 .00588 .00014 .00821 .00556 .00280 .00604 .01239 .02704 .00461 .00098 .00276 .00075 .02861 .00789 .00012 .00119 .00239 .00539 .00423 .00172 .00247 .00126 .00457 .00205 .00288 .00016 .00071 .00040 .00131 .00179 .00097 .00103 .00136 .00018 .00128 .00048 .00253 .00164 .00019 .00590 .00078 .00079 .00168 .00050 .00087 .00447 .01783 .02928 .00960 .00478 .00883 .00202 .00670 .00558 .00133 .05112 .00497 .02355 .00988 .00258 .00299 00029 .00214 .00378 .00012 .00661 .00650 .00307 .00519 .02125 .08283 .00504 .00183 .00386 .00069 .01662 .00718 .00013 .00092 .00186 .00389 .00297 .00084 .00131 .00093 .00436 .00034 .00151 .00018 .00052 .00038 .00081 .00171 .00085 .00058 .00083 .00012 .00133 .00045 .00240 .00193 .00012 .00406 .00115 .00019 .00099 .00065 .00084 .00463 .02426 .00094 .01694 .00388 .01117 .00217 .00748 .00683 .00092 .05660 .00186 .02032 .00886 .04715 .00007 .00373 .00001 .00082 .00045 00016 .00022 .01308 .00027 .00487 .00231 .00218 .00435 .08109 .00256 .00811 .00077 .00204 .00128 .03905 .01624 .00006 .00089 .00913 .05939 .00939 .00068 .01505 .00466 .00646 .00606 .02965 .00719 .00316 .00083 .00816 .00640 .00117 .00114 .00499 .00025 .00125 .00054 .0030 .00118 .00019 .00432 .00089 .00055 .00108 .00060 .00103 .01169 .03531 .00216 .00737 .00440 .01066 .00161 .07082 .02101 .00107 .07079 .00512 .02489 .00920 .00625 .00053 00042 .00024 .00843 .00025 .00447 .00210 .00236 .00463 .02869 .00119 .00697 .00029 .00108 .00084 .04393 .02369 .00006 .00099 .01050 .0270 .01010 .00037 .00883 .01130 .00904 .00992 .06325 .00837 .00271 .00091 .01635 .01126 .00110 .00099 .00616 .00019 .00181 .00045 .00311 .00143 .00030 .00486 .00120 .00129 .00090 .00062 .00105 .03986 .03362 .00391 .00854 .00511 .00969 .00171 .02981 .00943 .00099 .08008 .00373 .02492 .00749 .00043 .00031 .00011 .00020 .00856 .00017 .00307 .00101 .00214 .00390 .01739 .00086 .00244 .00018 .00074 .00094 .01597 .00510 .00006 .00062 .00727 .03199 .00524 .00022 .00484 .00137 .00944 .00065 .00445 .00075 .00110 .00030 .00235 .00340 .00089 .00130 .00243 .00029 .00417 .00056 .00198 .00064 .00008 .00214 .00047 .00024 .00067 .00051 .00084 .00415 .01223 .00151 .00587 .00243 .00982 .00161 .02050 .07728 .00152 .03049 .00671 .02089 .00814 .00071 .00039 00014 .00017 .00381 .00023 .00417 .00166 .00250 .00436 .03241 .00105 .00518 .00032 .00103 .00075 .04034 .01691 .00005 .00131 .00245 .03212 .00738 .00036 .00810 .00378 .00562 .00592 .0340 .01502 .00192 .00077 .01141 .00499 .00112 .00091 .00633 .00015 .00091 .00045 .0030 .00171 .00023 .00627 .00081 .00043 .00073 .00042 .00107 .00770 .03356 .00144 .00645 .00419 .00983 .00189 .04286 .03091 .00101 .07008 .00578 .02122 .00830 .13246 .00449 .00334 .00897 .02068 .05211 00434 .00448 .01124 .00457 .02540 .00321 .00569 .01379 Ti753 .00261 .00237 .00504 .01432 .03515 00183 .00248 .00728 .00241 .00015 .00181 .00314 .00883 .03044 .00478 .00240 .00625 .04105 .04563 .00222 .00508 .00972 .00449 .00081 .00445 .00352 .00657 .03775 .00338 .00339 .00501 .02451 .03360 .00238 !00365 .01108 .01069 .00063 .00174 .00345 .00486 .03718 .00561 .00226 .00860 .03361 .04435 00177 !00657 .00724 .00215 .00009 .00397 .00671 .01305 .06415 .00635 .00204 .00760 .03420 .03888 00188 !00673 .00644 .00303 .00008 .00518 .00411 .01140 .31751 .00531 .00172 .00590 .04032 .03341 00176 100516 .00575 .00265 .00006 .00217 .00399 .01373 .03906 .00468 .00146 .00863 .02261 .03232 00207 !00551 .00560 .00209 .00007 .00201 .00466 .00940 .03162 .00381 .00243 .00915 .08568 .06478 00250 .'00417 .00905 .00262 .00012 .00194 .00504 .00524 3.10816 1.88817 2.04939 1.76272 2.07529 1.99215 2.24568 1.78595 2.04597 n .00091 .00560 .00473 .00550 .00228 00185 .02053 .01188 1.00053 .01208 .00008 .00236 .00*0 .00280 00027 .00096 .07414 .00408 .01121 .00354 .00306 .00591 .01972 .00156 .00925 .00023 .00143 .00816 .02028 .02782 .00013 .00468 .06304 .03372 .02637 .00052 .05520 .00529 .02450 .00111 .00365 .00386 .00309 .00095 .00866 .00450 .00170 .01460 .00963 .00267 .01653 .00425 .00579 .00265 .00017 .00444 .00059 .00071 .00449 .00080 .00389 .00542 .03635 .00136 .00565 .00314 .01358 .00227 .01095 .00731 .00127 .07717 .04078 .02314 .01197 January 2001 • SURVEY OF CURRENT BUSINESS 37 Total Requirements, 1997 of delivery to final demand, at producers' prices] Maintenance and repair construction, including own-account construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products 12 Lumber and Furniture wood products and fixtures 20+21 P a er and allied products, except containers Paperboard Newspapers Other printing and and containers and boxes periodicals publishing 26A 26B Industrial and other chemicals Agricultural fertilizers and chemicals 27A 27B 13 14 15 16 17 18 19 24 25 .00100 .00638 .00635 .00640 .00204 .00160 .02665 .01256 .00063 .00137 .00061 .00226 .00230 .00164 .01050 .00111 .24614 .20261 .00775 .02918 .00134 .00268 .02651 ,00278 .00096 .09397 .00038 .00733 .00028 .00141 .00935 .00116 .01502 .09613 .00061 .00871 .00169 .0040 .03686 .00430 .00841 .02431 .00074 .00362 .00224 .00388 .04420 .00493 .00596 .03117 .00252 .00418 .00085 .00276 .02284 .00192 .00614 .02982 .00082 .00374 .00099 .00248 .02444 .00234 .00528 .03546 .08834 .02519 .00095 .00188 .02011 .00203 .00234 .00944 .00791 .0040 .00311 .00278 .01843 .00179 .00311 .00632 .00657 .00346 .00144 .00601 .03531 .00722 .00175 .00345 .00297 .00222 .00154 .00424 .03102 .0040 .00068 .00126 .00075 .00144 .00037 .00116 .00942 .00113 .00091 .00182 .00123 .00144 .00068 .00171 .01484 .00192 .00274 .00994 .00105 .00265 .01443 .00489 .12990 .01845 .00555 .00611 .00135 .00250 .00316 .00388 .15375 .05406 1.01181 .00007 .00238 .01734 1.01032 .00228 .02699 .00004 1.25872 .02503 .00005 .00844 ,00001 1.26858 .00376 .00636 .00142 .00512 .00019 .01009 ,00512 ,00346 .00603 .13067 ,01272 .18547 .00135 .00696 .00183 .02299 .02293 .00024 .01053 .00240 .0050 .00410 .00116 .00175 .00106 .00361 .00042 .00096 .00027 .00136 .00227 .00106 .00435 .00137 .00070 .00136 .00024 .00093 .00045 .00329 .00098 .00010 .00280 .00059 .00034 .00076 .00083 .00139 .01008 .03496 .00144 .00798 .00385 .01089 .00264 .03557 .01871 .00207 .10068 .00316 .02434 .00814 .03244 .00006 .00902 .00002 .23105 1.03068 .00473 .00140 .00588 .00019 .01446 .00680 .00580 .00874 .17399 .00867 .25602 .00164 .01192 .00244 .02697 .03378 .00022 .00353 .00294 .00681 .00552 .00147 .00233 .00134 .00447 .00052 .00084 .00031 .00152 .01184 .00151 .00460 .00162 .00089 .00188 .00024 .00106 .00057 .00385 .00079 .00011 .00315 .00069 .00043 .00098 .00099 .00177 .01237 .04836 .00226 .00929 .00484 .01434 .00447 .02927 .02228 .00268 .10568 .00341 .02888 .00816 .02188 .00006 .00679 .00001 .37030 .00549 1.23766 .04093 .00470 .00025 .01016 .00467 .00647 .01020 .05293 .00468 .07212 .00068 .00912 .00101 .01483 .02028 .00974 .00362 .00179 .00428 .00391 .00068 .00154 .00104 .00312 .00038 .00057 .00025 .00104 .00456 .00106 .00290 .00147 .00067 .00140 .00024 .00078 .00053 .00362 .00076 .00009 .00264 .00077 .00045 .00067 .00081 .01309 ,00621 .03243 .00102 .01102 .00365 .01349 .00507 .02439 .01413 .00143 .10779 .00267 .02771 .00802 .02059 .00004 .00992 .00001 .36504 ,05923 .05330 1.01885 .00657 .00021 .00976 .00411 .00424 .00804 .07016 .00509 .08857 .00073 .00403 .00109 .01566 .03293 .03039 .00363 .00216 .00401 .00329 .00078 .00148 .00099 .00312 .00033 .00054 .00023 .00127 .00320 .00083 .00350 .00120 .00057 .00108 .00019 .00073 .00046 .00310 .00061 .00008 .00223 .00067 .00029 .00067 .00070 .00267 .00619 .03383 .00112 .00950 .00352 .01196 .00324 .02213 .01414 .00175 .10689 .00259 .02525 .00753 .01902 .00004 .00852 .01809 .00006 .00575 .00245 .00329 .00033 .00056 1.4527 .00422 .00834 .00592 .00365 .00658 .01951 .00760 .01124 .00037 .00144 .00330 .01831 .01990 .00024 .00393 .01164 .01316 .00834 .00057 .01232 .00805 .01743 .00066 .00090 .00054 .00210 .00141 .00274 .00457 .00126 .00283 .00175 .00262 .00347 .00050 .00384 .00104 .00030 .00877 .00065 .00069 .00089 .00068 .00321 .01224 .05621 .00411 .00789 .00455 .01140 .00272 .01816 .00819 .00162 .12596 ,00319 .02452 .00781 .06358 .03131 .00159 .00110 .12162 1.00544 .01615 .01625 .00513 .00810 .03041 .00230 .02970 .00034 .00233 .00695 .01411 .05153 .00135 .00466 .00690 .06142 .02591 .00066 .00312 .01555 .05265 .00053 .00091 .00033 .00312 .00191 .00407 .00578 .00126 .00090 .00228 .00043 .00123 .00049 .00369 .00067 .00020 .00318 .00080 .00036 .00098 .00076 .00178 .00799 .03684 .00139 .00825 .00342 .01273 .00396 .01765 .01027 .00147 .11462 .00366 .02348 .00686 .03156 .00005 .01334 .00002 .00740 .00864 .00043 .00044 .10050 .00068 1.17505 .01817 .00444 .00978 .08870 .00375 .04417 .00097 .00783 .00163 .02205 .05273 .00010 .00141 .00417 .00786 .00707 .00101 .00301 .00196 .00880 .00055 .00097 .00036 .00177 .00464 .00167 .00502 .00152 .00106 .00188 .00039 .00141 .00051 .00357 .00073 .00013 .00366 .00066 .00054 .00130 .00124 .00157 .01558 .06086 .00219 .00848 .0050 .01197 .00338 .03017 .02382 .00335 .09595 .00448 .02591 .00732 .02591 .00005 .00749 .00003 .00381 .00403 .00033 .00044 .04377 .00044 .46324 1.01092 .00360 .00960 .06664 .00248 .02566 .00069 .00407 .00489 .02412 .03204 .00008 .00106 .00349 .01611 .00932 .00083 .00229 .00233 .01273 .00054 .00075 .00030 .00221 .00704 .00169 .00533 .00164 .00084 .00183 .00025 .00109 .00054 .00391 .00073 .00014 .00367 .00080 .00056 .00181 .00193 .00124 .01860 .08021 .00173 .01056 .00610 ,01363 .00271 .02353 .01612 .00233 .11111 .00349 .02750 .00781 .01575 .00004 .00272 .00001 .00099 .00099 .00013 .00020 ,01047 .00019 .09778 .00281 1.01663 .07634 .01954 .00080 .00528 .00021 .00111 .00044 .00735 .00826 .00009 .00044 .00124 .00246 .00214 .00024 .00104 .00070 .00255 .00025 .00026 .00012 .00055 .00130 .00053 .00141 .00171 .00045 .00079 .00011 .00059 .00049 .00270 .00062 .00008 .00238 .00043 .00022 .00088 .00293 .00159 .00504 .02023 .00064 .00598 .00209 .01334 .00622 .00876 .00493 .00080 .03864 .00205 .01793 .00520 .01758 .00004 .00379 .00001 .00262 .00194 .00020 .00026 .01575 .00022 .15945 .00773 .00886 1.09152 .03916 .00137 .01096 .00040 .00184 .00071 .01049 .02403 .00010 .00066 .00172 .00402 .00367 .00041 .00137 .00099 .00356 .00030 .00037 .00016 .00099 .00538 .00082 .00259 .00157 .00052 .00107 .00014 .00070 .00050 .00299 .00055 .00008 .00233 .00052 .00026 .00170 .00642 .00216 .00722 .03356 .00086 .00712 .00295 .01119 .00354 .01328 .00844 .00120 .05993 .00216 .01983 .00567 .03721 .00010 .01288 .00003 .00171 .00065 .00023 .00028 .00674 .00021 .01293 .00817 .00471 .00801 1.30789 .01684 .03058 .00303 .00820 .00812 .05204 .02405 .00008 .00212 .00551 .01511 .01085 .00765 .00290 .00176 .01184 .00071 .00189 .00062 ,00179 .00338 .00182 .00681 .00174 .00151 .00312 .00023 .00137 .00059 .00404 .00078 .00012 .00328 .00072 .00049 .00246 .00149 .00122 .01432 .05143 .00265 .00846 .00713 .01292 .00363 .03198 .04270 .00458 .10180 .00390 .02847 .00813 .03510 .00006 .02717 .00002 .00101 .00052 .00021 .00027 .00593 .00018 .01357 .00741 .00683 .01554 .14089 1.12523 .01420 .00359 .01193 .00166 .03273 .01983 .00008 .00190 .00535 .01090 .00761 .00605 .00262 .00145 .00705 .00080 .00271 .00104 .00106 .00082 .00216 .00301 .00164 .00090 .00194 .00021 .00134 .00056 .00365 .00079 .00014 .00387 .00064 .00056 .00116 .00103 .00129 .01724 .09123 .00315 .00805 .00681 .01319 .00522 .02416 .05274 .00360 .09331 .00421 .02910 .00835 .06105 .00643 .00499 .01410 .03531 .05947 .00571 .00673 .01331 .00465 .00023 .00341 .00468 .01415 22+23 .00231 .00265 .00028 .00113 .10073 .00085 .00945 .00332 .00296 .00550 .01891 .00170 .00928 .00023 .00156 .00861 .02906 .02935 .00013 .00237 .03750 .02923 .02420 .00053 .04694 .00453 .02111 .00092 .00283 .00061 .00246 .00082 .00422 .00342 .00145 .01347 .00732 .00299 .01531 .00359 .00510 .00223 .00017 .00465 .00053 .00070 .00354 .00070 .00422 .00538 .03493 .00140 .00523 .00328 .01303 .00223 .01032 .00665 .00127 .07502 .04746 .02125 .00820 .00258 .00078 .00050 .00029 .00670 .00054 .00608 .00362 .00329 .00495 .01851 .00199 .00881 .00038 .00084 .00095 .00787 .02236 .00008 .00177 .00388 .02559 .03471 .00027 .00294 .01183 .01693 .00122 .00062 .00021 .00404 .00468 .00693 .01023 .00760 .00057 .01283 .00021 .00246 .02433 .07960 .00160 .00014 .00239 .08837 .00021 .06426 .00102 .00082 .00371 .01665 .00053 .00941 .00236 .01050 .00244 .01341 .00598 .00097 .05834 .00171 .01977 .00519 .00299 .00189 .00033 .00097 .00923 .00028 .03960 .02699 .01075 .01777 .02593 .01874 .01032 .00559 .00350 .00150 .02090 .03628 .00026 .01109 .00262 .01227 .01766 .02533 .00213 .00309 .00865 .00053 .00147 .00028 .00137 .00104 .00193 .00311 .00146 .00086 .00180 .00020 .00131 .00059 .00402 .00220 .00015 .00411 .00070 .00047 .00087 .00079 .00193 .01453 .05228 .00226 .00945 .00492 .01413 .00849 .02078 .01373 .00214 .13304 .00477 .02899 .01226 .01121 .00003 .00245 1.09132 .00176 .00079 .00016 .00044 .00383 .00011 .02002 .01580 .02572 .03543 .01222 .0080 .01118 .00030 .00294 .00040 .00786 .01265 .00007 .00044 .00106 .00241 .00187 .00025 .00080 .00062 .00303 .00021 .00049 .00011 .00073 .00051 .00051 .00111 .00105 .00052 .00113 .00008 ,00088 .00039 .00212 .00082 .00005 .00162 .00042 .00014 .00043 .00063 .00280 .00320 .01549 .00050 .00587 .00187 .01096 .02088 .00643 .00368 .00070 .03952 .00445 .01966 .00685 .03027 .00354 .00244 .00814 .04712 .06205 .00245 .00393 .00972 .00259 .00012 .00177 .00468 .00507 .02406 .00522 .00245 .01530 .01619 .04159 .00267 .00590 .00536 .00282 .00008 .00237 .00296 .00468 .06052 .00606 .00376 .01021 .01882 .05262 .00927 .00648 .01127 .00722 .00525 .00298 .00489 .01067 .02803 .00515 .00244 .00703 .02025 .03940 .02276 .00543 .00617 .01444 .00007 .00272 .00420 .00375 .03796 .00579 .00955 .01103 .02358 .04593 .00289 .00669 .01014 .00290 .00039 .00268 .00497 .01065 .03747 .00705 .00852 .01366 .02960 .05172 .00489 .00783 .01187 .00421 .00026 .00312 .00578 .01152 .04290 .00730 .00605 .01069 .02129 .11745 .00558 .00863 .00875 .00525 .00030 .00317 .00581 .00818 .04160 .00650 .00470 .00944 .02032 .04714 .00355 .00772 .00813 .00323 .00020 .00807 .00550 .00814 ,03275 .00587 ,00352 .00952 .01816 .04495 .00299 .00679 .01023 .00339 .00019 .00457 .00443 .00788 .03213 .00579 .00331 .00932 .02145 .04879 .00433 .00688 .00798 .00362 .00013 .00355 .00496 .00730 .03040 .00602 .00531 .01291 .01852 .04691 .00370 .00665 .01241 .00375 .00015 .00316 .00482 .01405 .03126 .00665 .00498 .01269 .01728 .04898 .00297 .00731 .01290 .00344 .00013 .00277 .00477 .01090 .05271 .00443 .00208 .01080 .02209 .06677 .00681 .00469 .00661 .00544 .00011 .00214 .00967 .00456 .04608 .00495 .00280 .00929 .01412 .04145 ,00388 .00538 ,00837 .00362 .00009 ,00274 .00525 .00615 .05920 .00647 .00491 .01358 .05067 .05479 .00398 .00699 .01143 .00409 .00015 .00304 .00549 .01604 i"97244 1.83638 2.68436 1.70865 2.39224 2.52158 2.54625 2.34783 2.34142 2.10165 2.19954 2.36496 i!64634 -L8032 Z38958 n n n 0 Commodity number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T 38 January SURVEY OF CURRENT BUSINESS 2001 Table 8.—Industry-by-lndustry [Total requirements, direct and indirect, per dollar Industry number Each entry represents the output required, directly and indirectly, of the industry named at the beginning of the row for each dollar of delivery to final demand of the industry named at the head of the column. Industry number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 Ilk 77B 78 79 82 84 85 T Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nontnetallic minerals mining New construction including own-account construction Maintenance and repair construction including own-account construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures , Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals .., Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather pioducts Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment .... Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV .. Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry Household industry Inventory valuation adjustment Total industry output multiplier * Less than .000005. Plastics and synthetic materials Drugs 28 29A Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products 33+34 Glass and glass products Stone and clay products Primary iron and steel manufacturing 29B 30 31 32 35 36 37 .00263 .00536 .00107 .00222 .00501 .00450 .08600 .01199 .00278 .00601 .00101 .00208 .00067 .00153 .01354 .00153 .00594 .00583 .00116 .00226 .00218 .00209 .03659 .00471 .00393 .00592 .00119 .00207 .00559 .00254 .05588 !00897 .00098 .00175 .00063 .00233 .00139 .00246 .80354 .00554 .00190 .00678 .00718 .00356 .00236 .00313 .03661 .00479 .0370 .03548 .00181 .00575 .00142 .00245 .03070 .00313 .0010 .00241 .00208 .00216 .00245 .00826 .03761 .01635 .00088 .00197 .0010 .00170 .00175 .00825 .03913 .07013 .00069 .00134 .00067 .00165 .03712 .02021 .03275 .00598 .03586 .00011 .01222 .00005 .00389 .00124 .00034 .00031 .00735 .00022 02598 00895 00496 00831 42471 01542 1 05973 00409 0160 00397 04847 05965 00010 00184 00407 00921 00807 00305 00274 00154 00671 00059 00125 00045 00188 00223 00177 00516 00191 00107 00207 00024 00130 00064 00418 00073 00012 00320 00072 00048 00161 00172 00139 01372 04925 00299 00872 00608 01582 00378 03204 03418 00404 10524 00389 03030 00777 .01936 .00004 .0130 .00001 00123 .00073 .00021 .00025 .00466 .00015 .01801 .01448 .02031 .03033 .04043 .00187 .00859 1 13342 .00326 .00070 .00925 .03114 .00008 .00445 .00175 .00377 .00344 00191 .00131 .00210 .00301 .00025 .00035 .00020 .00070 .00070 .00089 .00179 .00137 .00053 .00103 .00013 .00083 .00056 .00335 .00053 .00007 .00180 .00055 .00021 .00125 .00091 00263 .00435 .01554 .00063 .00769 .00223 .01555 .01633 .01241 .00766 .00149 .10226 .00255 .02358 .00559 .02219 .00007 .02202 .00002 .00283 .00169 .00029 .00046 .0070 .00026 .03554 .04217 .02080 .02843 .14155 .00420 .02406 00247 1.06505 .00240 .02929 .08560 .00011 .00654 .00257 .00938 .01099 01232 .00193 .00286 .00735 .00041 .00064 .00029 .00140 .00146 .00109 .00356 .00146 .00093 .00196 .00017 .00133 .00058 .00360 .00064 .00010 .00240 .00066 .00036 .00106 .00124 00280 .00957 .03588 .00162 .00847 .00417 .01581 .01679 .01529 .01291 .00202 .09989 .00547 .02666 .00696 .02314 .00008 .01871 .00003 .00788 .00115 .00036 .00024 .00455 .00017 .00960 .00415 .00615 .00998 .29047 .00848 .12921 00266 .00766 1.0180 .04036 .01687 .00006 .00152 .01306 .01383 .02150 03136 .00189 .00138 .00540 .00047 .00092 .00036 .00132 .00116 .00135 .00308 .00136 .00072 .00162 .00016 .00093 .00050 .00334 .00064 .00010 .00274 .00062 .00057 .00124 .00129 .00138 .01962 .05203 .00255 .00783 .00553 .01282 .00483 .01837 .01770 .00309 .10067 .00264 .02698 .00698 .06279 .00004 .00412 (*) 00064 .00039 .00017 .00029 .00794 .00019 .00584 .00276 .00366 .00628 .03481 .00126 .00427 00041 .00494 .00098 1.11883 .01006 .00008 .00373 .00718 .02118 .00524 00138 .00386 .00131 .00789 .00062 .00295 .00059 .00113 .00040 .00191 .00344 .00151 .00115 .00204 .00027 .00293 .00061 .00311 .00074 .00009 .00267 .00047 .00033 .00082 .00066 .00106 .0060 .02007 .00393 .00587 .03552 .01248 .00278 .02385 .06513 .00240 .06968 .00540 .03037 .00856 .02579 .00006 .00610 .00002 .02533 .01152 .00084 .00048 .00872 .00028 .02385 .01548 .00426 .00719 .15776 .00622 .17977 00140 .00656 .00295 .02314 1.07653 .00010 .00770 .00438 .01422 .00750 00126 .00263 .00455 .01081 .00075 .00079 .00030 .00334 .0060 .00171 .00908 .00147 .00083 .00212 .00021 .00149 .00051 .00372 .00077 .00012 .00285 .00067 .00041 .00107 .00102 .00172 .01115 .05551 .00223 .00815 .00476 .01267 .00321 .02781 .01691 .00215 .08648 .00374 .02683 .00711 .02777 .00005 .18294 .00001 .06492 .03204 .00537 .00189 .00633 .00048 .02218 .01028 .01121 .01731 .08687 .00563 .03165 .00174 .01074 .00129 .02268 .05279 1.35072 .00301 .00327 .00815 .00695 00438 .00206 .00271 .01469 .00041 .00073 .00027 .00131 .00142 .00110 .00427 .00165 .00077 .00139 .00017 .00111 .00059 .00392 .00084 .00011 .00298 .00089 .00030 .00116 .00083 .00263 .00734 .04947 .00129 .01202 .00477 .01514 .00899 .01956 .01519 .00587 .11219 .00358 .02774 .00992 .02710 .00005 .00401 .00001 .00150 .00084 .00022 .00029 .02926 .00085 .02526 .03959 .00338 .00593 .07859 .00237 .01175 00078 .00409 .00230 .02056 .03428 .00008 1.11965 .02308 .00937 .0060 00075 .00257 .00306 .00437 .00070 .00141 .00050 .00605 .00222 .00150 .00834 .00144 .00088 .00536 .00053 .00151 .00051 .00351 .00061 .00013 .00329 .00059 .00057 .00126 .00081 .00106 !01832 .03919 .00229 .00757 .00403 .01215 .00259 .03346 .03121 .00201 .09311 .00535 .02447 .00678 .02388 .00004 .00345 .00001 .00556 .00054 .00027 .00034 .01299 .00025 .01812 .00525 .00339 .00565 .04518 .00151 .01211 00048 .00384 .00291 .02483 .01755 .00007 .00328 1.12509 .01949 .00746 00053 .00293 .00295 .01109 .00091 .00310 .00123 .00338 .00066 .00272 .00463 .00132 .00079 .00213 .00019 .00127 .00049 .00302 .0010 .00016 .00440 .00057 .00052 .00088 .00064 .00169 !01430 .09505 .00460 .00684 .00635 .01157 .00255 .02903 .03117 .00191 .06868 .00378 .02280 .00753 .02831 .00009 .00276 00091 .00044 .00026 .00027 .00862 .00031 .00579 .00242 .00370 .00769 .02708 .00103 .00472 00029 .00111 .00122 .01764 .01099 .00008 .00110 .02176 1.21235 .03855 00045 .00341 .00808 .02750 .00187 .00310 .00111 .01184 .00112 .02210 .01038 .00192 .00104 .01408 .00028 .00133 .00059 .00517 .00093 .00019 .00399 .00083 .00066 .00226 .00072 .00106 !02048 .05616 .00344 .00874 .00482 .01237 .00274 .04162 .03095 .00389 .14161 .0030 .02727 .00737 04716 00674 00570 01537 05664 05506 00414 00730 01245 00441 00015 00478 00538 01445 !u3181 .00609 .00266 .01016 .04648 .06842 .01782 00704 .00639 .01172 00015 .00799 .00416 .00566 .03895 .00640 .00329 .01073 .03465 .06199 .01831 00694 .00848 .01211 00022 .00454 .00521 .00819 .03548 .00627 .00325 .01018 .03407 .04347 .00527 00671 .00905 .00495 00016 .00275 .00436 .01080 .20922 .00522 .00375 .01331 .03963 .04456 .00304 00588 .00857 .00351 00009 .00342 .00491 .01352 .03704 00614 .00454 .01228 .02783 .04767 .00351 .00689 .01071 .00373 00012 .00592 .00478 .00985 .03968 00681 .00396 .01484 .02044 .05056 .00981 .00854 .00978 .00652 00086 .00267 .00617 .01512 .03189 00585 .00495 .01261 .01851 .04571 .00284 .00686 .01083 .00290 00010 .00238 .00506 .01139 .03260 00520 .00453 .01123 .01849 .04332 .00279 .00581 !01207 .00279 00011 .00221 .00434 .01047 .03111 00598 .00679 .01668 .01987 .05434 .00301 .00677 .01404 .00341 00011 .00266 .00589 .01542 2.49018 1.86743 2.16282 2.26028 2.82131 2.19435 2.62753 2.02143 1.98367 2.17642 0 January 2001 SURVEY OF CURRENT BUSINESS 39 Total Requirements, 1997—Continued of delivery to final demand, at producers' prices] Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products 38 39 40 Screw Other fabmachine ricated metal products and products stampings 41 42 Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery 43 44+45 46 47 48 49 50 51 52 .00080 .00182 .00131 .00195 .05453 .00432 .02642 .00245 .00104 .00195 .00095 .00191 .02977 .00722 .03110 .00325 .00065 .00121 .00060 .00133 .01176 .00467 .01828 .00205 .00066 .00121 .00059 .00133 .01179 .00621 .01924 .00232 .00069 .00136 .00074 .00143 .00871 .00442 .01984 .00209 .00067 .00124 .00058 .00167 .00975 .00506 .01644 .00220 .00065 .00131 .00085 .00152 .00648 .00383 .01492 .00157 .00065 .00125 .00075 .00140 .00741 .00383 .01627 .00161 .00058 .00113 .00073 .00127 .00532 .00301 .01354 .00267 .00065 .00130 .00090 .00149 .00628 .00295 .01365 .00148 .00064 .00127 .00067 .00153 .00557 .00316 .01401 .00145 .00052 .00095 .00042 .00140 .00699 .00311 .01253 .00134 .00094 .00172 .00075 .00229 .00278 .00217 .01333 .00141 .00070 .00141 .00089 .00143 .00731 .00310 .01494 .00190 .02527 .00011 .0O31JI .03005 .00017 .00435 .02707 .00011 .00270 .02032 .00009 .00277 .02215 .00013 .00266 .01807 .00010 .00254 .01804 .00013 .00259 .01704 .00008 .00236 .01829 .00009 .00259 .01678 .00008 .00239 .01781 .00008 .00201 .03264 .00013 .00366 .02064 .00019 .00278 .00253 .00067 .00029 .00027 .01439 .00039 .00747 .00420 .00330 .00637 .03595 .00147 .02565 .00032 .00143 .00116 .01832 .02334 .00007 .01453 .00778 .03535 1.42724 .00049 .00336 .00362 .01718 .00096 .00217 .00095 .01346 .00157 .01093 .00879 .00159 .00079 .00682 .00026 .00206 .00055 .00538 .00209 .00014 .00389 .00082 .00046 .00097 .00067 .00105 .01371 .05974 .00186 .00941 .00481 .01294 .00244 .04094 .01819 .00232 .16243 .00277 .02629 .00742 n n n .00022 .00025 .00693 .00033 .00899 .00723 .00435 .00739 .01936 .00082 .00739 .00021 .00103 .00250 .01198 .01315 .00007 .00237 .00924 .28391 .08804 .00046 .00310 1.02255 .03096 .00099 .00180 .00052 .02646 .00110 .00932 .02623 .00160 .00094 .00581 .00030 .00155 .00052 .00428 .00094 .00027 .00345 .00079 .00041 .00123 .00073 .00105 .01017 .04210 .00155 .00815 .00360 .01192 .00331 .02552 .01566 .00560 .11559 .00299 .02615 .00687 .00070 .00173 .00027 .00028 .00698 .00045 .01187 .00758 .00440 .00702 .02902 .00111 .01467 .00029 .00137 .00527 .01233 .03639 .00008 .00271 .00748 .16947 .09232 .00060 .00410 .03005 1.06288 .00171 .00146 .00041 .00836 .00092 .00535 .01293 .00144 .00083 .00897 .00027 .00121 .00050 .00417 .00092 .00030 .00280 .00089 .00032 .00108 .00067 .00103 .00794 .03459 .00134 .00763 .00319 .01211 .00339 .02305 .01540 .00202 .10212 .00268 .02274 .00609 .00137 .00066 .00065 .00029 .00549 .00044 .00679 .00327 .00332 .00608 .01553 .00076 .00777 .00017 .00084 .00338 .01089 .02668 .00008 .00166 .01247 .22671 .07744 .00039 .01847 .04746 .05055 1.03938 .00222 .00059 .01292 .00125 .02373 .05652 .00251 .00119 .04565 .00044 .00182 .00087 .00812 .01267 .00051 .00589 .00323 .00049 .00230 .00073 .00093 .00729 .04410 .00124 .01050 .00388 .01168 .00251 .02122 .01265 .00201 .11375 .00250 .02507 .00663 n .00061 .00186 .00033 .00033 .01030 .00050 .01023 .00679 .00460 .01498 .04875 .00167 .01758 .00043 .00176 .03148 .02001 .01864 .00009 .00646 .01010 .26206 .57913 1.05748 .00394 .00519 .03275 .00109 .00208 .00078 .01026 .00130 .00973 .01099 .00206 .00103 .00652 .00027 .00202 .00068 .00676 .00271 .00017 .00480 .00103 .00053 .00133 .00109 .00125 .01576 .0680 .00222 .01134 .00565 .01584 .00329 .03958 .02307 .00287 .19403 .00358 .03484 .00929 .01752 .00011 .00268 (*) .00108 .00047 .00021 .00024 .00632 .00041 .00746 .00614 .00368 .00633 .02545 .00094 .00804 .00026 .00103 .00409 .0120 .01927 .00018 .00572 .00715 .20537 .13176 .00046 1.03801 .01816 .04076 .00092 .00151 .00049 .01041 .00092 .00796 .00965 .00139 .00134 .00581 .00025 .00114 .00054 .00425 .00099 .00022 .00287 .00078 .00040 .00312 .00071 .00102 .00873 .03747 .00126 .00767 .00330 .01178 .00277 .02018 .01356 .00168 .11121 .00254 .02251 .00603 .00091 .00168 .00026 .00027 .00781 .00039 .00658 .00313 .00432 .00702 .01642 .00081 .01057 .00018 .00085 .00316 .01007 .04866 .00008 .00188 .00644 .15899 .03740 .00038 .04290 .02298 .03119 .05222 1.01612 .00081 .00960 .00130 .03373 .03660 .00184 .00130 .01345 .00030 .00152 .00069 .00550 .00653 .00036 .00556 .00377 .00052 .00195 .00067 .00275 .00635 .03619 .00118 .00868 .00326 .01191 .00331 .01757 .01101 .00150 .11566 .00219 .02314 .00621 .00089 .00143 .00028 .00028 .00786 .00049 .00711 .00325 .00457 .00769 .01478 .00077 .00826 .00017 .00085 .00331 .01181 .03135 .00008 .00152 .00709 .16580 .06292 .00041 .02244 .04436 .03934 .01056 .00223 1.01738 .01051 .00167 .06615 .03968 .00192 .00136 .03622 .00041 .00148 .00075 .00679 .00607 .00042 .00374 .00148 .00046 .00179 .00073 .00631 .00658 .03394 .00108 .00972 .00335 .01386 .00352 .01730 .01127 .00149 .15208 .00232 .02340 .00682 .00044 .00086 .00025 .00019 .00915 .00025 .00593 .00408 .00364 .00577 .01752 .00072 .00545 .00018 .00074 .00378 .00951 .01679 .00005 .00108 .01327 .10752 .04837 .00036 .01097 .01530 .01951 .00136 .00130 .00045 1.04596 .00119 .01383 .03373 .00130 .00073 .02592 .00030 .00146 .00053 .00436 .00210 .00020 .00260 .00073 .00030 .00150 .00062 .00092 .00505 .02641 .00087 .00757 .00262 .01158 .00279 .01670 .00936 .00116 .08349 .00187 .01934 .00535 .00073 .00127 .00033 .00025 .01056 .00037 .01377 .00333 .00451 .00725 .01518 .00075 .00778 .00017 .00081 .00092 .00979 .02873 .00007 .00174 .00713 .10012 .08418 .00031 .02016 .01680 .03826 .00647 .00142 .00069 .01330 1.07209 .02883 .04575 .00290 .00141 .04252 .00032 .00149 .00068 .00879 .00174 .00020 .00289 .00118 .00038 .00166 .00070 .00104 .00552 .02709 .00089 .00882 .00284 .01414 .00344 .01671 .00933 .00126 .12398 .00216 .02157 .00573 00247 M550 .00026 .00026 .00632 .00028 .01091 .00516 .00450 .00694 .01358 .00073 .00969 .00015 .00079 .00108 .00974 .03457 .00006 .00134 .00768 .11081 .05734 .00028 .01529 .01640 .02181 .00345 .00140 .00080 .01106 .00151 1.07514 .03806 .00157 .00120 .03982 .00031 .00132 .00060 .00699 .00128 .00019 .00275 .00089 .00034 .00175 .00063 .00098 .00532 .02493 .00086 .00811 .00266 .01285 .00352 .01780 .01014 .00136 .10153 .00205 .02101 .00559 .00096 .00133 .00016 .00018 .00446 .00024 .00505 .00332 .00390 .00588 .01009 .00053 .00502 .00011 .00054 .00102 .00840 .01216 .00005 .00151 .00760 .10646 .10075 .00022 .00673 .01625 .02308 .00204 .00125 .00039 .01963 .00103 .01733 1.05567 .00131 .00071 .00619 .00021 .00125 .00046 .00631 .00161 .00019 .00241 .00077 .00031 .00091 .00071 .00077 .00545 .02365 .00085 .00696 .00242 .00984 .00294 .01822 .00969 .00118 .07507 .00183 .01930 .00522 .00162 .00074 .00035 .00034 .00681 .00061 .01244 .00812 .00918 .01355 .02253 .00111 .01059 .00026 .00131 .00166 .01006 .03790 .00009 .00467 .00442 .02406 .04682 .00049 .01442 .01981 .02338 .00131 .00081 .00043 .00396 .00160 .00257 .00838 1.18841 .00104 .03225 .00033 .00459 .01326 .46665 .00163 .00025 .00537 .00115 .00033 .00592 .00196 .00182 .00549 .01902 .00080 .01435 .00335 .02265 .0070 .02011 .00775 .00147 .22109 .00338 .03708 .00881 .00197 .00093 .00031 .00027 .00904 .00049 .01264 .00649 .00477 .00749 .02125 .00096 .01458 .00026 .00144 .00419 .01025 .04073 .00008 .00226 .01116 .09925 .11033 .00045 .00960 .03501 .02885 .00376 .00146 .00053 .00998 .00136 .02370 .02911 .00204 1.08121 .05992 .00071 .00829 .0010 .00861 .00121 .00034 .00337 .00108 .00039 .01681 .00084 .00520 .00641 .03104 .0010 .00914 .00311 .01253 .00366 .01791 .01032 .00220 .12137 .00279 .02456 .00636 .03222 .00647 .00474 .01267 .01863 .04875 .00268 .00737 .01135 .00311 .00010 .00304 .00569 .01192 .03898 .00872 .00664 .01652 .02377 .06192 .00361 .00968 .01517 .00465 .00013 .00425 .00627 .01347 .02988 .00572 .00340 .01040 .01672 .05449 .00303 .00669 .00842 .00295 .00010 .00265 .00439 .00769 .03054 .0060 .00513 .01339 .02273 .05443 .00363 .00707 .01069 .00369 .00010 .00484 .00507 .01366 .02859 .00564 .00398 .01163 .01920 .04679 .00371 .00659 .00924 .00325 .00009 .00266 .00446 .00865 .02620 .00640 .00416 .01322 .01595 .04642 .00275 .00735 .00948 .00318 .00009 .00271 .00447 .00821 .02348 .00578 .00350 .01137 .01916 .04330 .00362 .00672 .00831 .00360 .00008 .00238 .00463 .00659 .02811 .00589 .00324 .01019 .02156 .04641 .00385 .00689 .00804 .00342 .00009 .00237 .00473 .00684 !02572 .00508 .00267 .00860 .01781 .03767 .00305 .00634 .00685 .00266 .00007 .00212 .00366 .00583 .02969 .00572 .00296 .00951 .02119 .04292 .00377 .00691 .00717 .00351 .00008 .00219 .00471 .00604 .02354 .00534 .00337 .01002 .01803 .04202 .00385 .00646 .00767 .00326 .00008 .00219 .00410 .00627 .02774 .00501 .00281 .00804 .01752 .04330 .00322 .00580 .00667 .00308 .00008 .0020 .00339 .00610 .05087 .00908 .00421 .02951 .03776 .07268 .00765 .00959 .00990 .00737 .00012 .00519 .00601 .00747 .02496 .00591 .00335 .01172 .01886 .04271 .00401 .00691 .00803 .00387 .00008 .00356 .00390 .00757 2.37959 2.97145 2.07576 2.15792 2.02915 2.23171 2.06492 2.15952 1.81312 2.05128 1.93742 1.81197 2.71295 2.14911 n .oooS .00045 n O Industry number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T 40 SURVEY OF CURRENT BUSINESS January 2001 Table 8.—Industry-by-lndustry [Total requirements, direct and indirect, per dollar Industry number Each entry represents the output required, directly and indirectly, of the industry named at the beginning of the row for each dollar of delivery to final demand of the industry named at the head of the column. Industry number 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 26A 26B 27A 27B 28 29A 29B 30 31 32 33+34 35 36 37 38 39 40 41 Livestock and livestock products Other agricultural products Forestry and fishery products Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction Maintenance and repair construction, including own-account construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing Industrial and other chemicals Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings 42 Other fabricated metal products 43 Engines and turbines 44+45 Farm, construction, and mining machinery 46 Materials handling machinery and equipment 47 Metalworking machinery and equipment 48 Special industry machinery and equipment 49 General industrial machinery and equipment 50 Miscellaneous machinery, except electrical 51 Computer and office equipment 52 Service industry machinery 53 Electrical industrial equipment and apparatus 54 Household appliances .... 55 Electric lighting and wiring equipment 56 Audio, video, and communication equipment 57 Electronic components and accessories 58 Miscellaneous electrical machinery and supplies 59A Motor vehicles (passenger cars and trucks) 59B Truck and bus bodies, trailers, and motor vehicles parts 60 Aircraft and parts 61 Other transportation equipment 62 Scientific and controlling instruments 63 Ophthalmic and photographic equipment 64 Miscellaneous manufacturing 65A Railroads and related services, passenger ground transportation 65B Motor freight transportation and warehousing 65C Water transportation 65D Air transportation 65E Pipelines, freight forwarders, and related services 66 Communications, except radio and TV 67 Radio and TV broadcasting 68A Electric services (utilities) 68B Gas production and distribution (utilities) 68C Water and sanitary services 69A Wholesale trade 69B Retail trade 70A Finance 70B Insurance 71A Owner-occupied dwellings 71B Real estate and royalties 72A Hotels and lodging places 72B Personal and repair services (except auto) 73A Computer and data processing services, including own-account software 73B Legal, engineering, accounting, and related services 73C Other business and professional services, except medical 73D Advertising 74 Eating and drinking places 75 Automotive repair and services 76 Amusements Ilk Health services 77B Educational and social services, and membership organizations 78 Federal Government enterprises 79 State and local government enterprises 82 General government industry 84 Household industry 85 Inventory valuation adjustment T Total industry output multiplier * Less than .000005. Electrical industrial equipment and apparatus Electric Household 1 IUUOOI IUIU lighting appliances and wiring uCjuipmGni Audio, Electronic video, and components and commuaccesnication equipment sories Miscellaneous plprtriral machinery supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment 53 54 55 56 57 58 59A 59B 60 61 .00068 .00136 .00073 .00179 .00709 .00294 .01847 .00351 .00106 .00232 .00134 .00207 .00722 .00368 .02327 .00470 .00077 .00155 .00077 .00151 .00581 .00283 .01784 .00256 .00078 .00151 .00073 .00182 .00306 .00187 .01140 .00122 .00085 .00171 .00067 .00260 .00327 .00248 .01494 .00192 .00091 .00196 .00102 .00240 .00588 .00260 .01778 .00190 .00124 .00324 .00134 .00196 .00604 .00334 .02004 .00227 .00088 .00178 .0010 .00183 .01323 .00466 .01994 .00233 .00067 .00141 .00054 .00174 .00367 .00180 .01034 .00114 .00077 .00216 .00232 .00199 .00499 .00300 .01465 .00148 .01896 .00008 .00265 (*) .00175 .00078 .00023 .00023 .00665 .00029 .01288 .00540 .00541 .00797 .01953 .00091 .01261 .00022 .00166 .00277 .01462 .03865 .00007 .00204 .03666 .07927 .09236 .00039 .00841 .02671 .01435 .01299 .00122 .00046 .00606 .00091 .00858 .01239 .00366 .00080 1.07629 .00039 .00345 .00105 .03342 .00141 .00029 .00317 .00136 .00038 .00396 .00076 .00115 .00698 .02823 .00118 .00852 .00306 .01357 .00417 .01859 .0110 .00139 .11564 .00271 .02405 .00588 .02317 .00025 .00409 .00001 .00539 .00203 .00044 .00038 .00871 .00068 .03028 .01485 .01002 .01390 .05233 .00212 .04836 .00062 .00335 .00938 .01629 .11347 .00013 .00545 .01273 .10979 .09076 .00086 .00377 .04133 .02889 .0020 .00150 .00052 .00675 .00161 .00889 .00906 .00350 .02605 .05080 1.00112 .01572 .00183 .02493 .00148 .00039 .00329 .00125 .00042 .04114 .00121 .00532 .00867 .04367 .00151 .01084 .00416 .01579 .00797 .02184 .01374 .00178 .13779 .00452 .02779 .00747 .01892 .00007 .00304 .02621 .00017 .00305 '03634 .00011 .00324 !u2307 .00014 .00350 !62474 .00019 .00424 .02710 .00015 .00343 .02032 .00378 .00249 '.01681'" .00010 .00267 .00299 .00093 .00027 .00026 .00664 .00048 .01941 .01631 .00776 .01054 .03170 .00137 .03208 .00032 .00274 .00169 .01216 .04395 .00007 .02851 .01441 .06480 .09423 .00046 .00243 .03411 .02582 .00130 .00117 .00037 .00641 .00098 .00309 .00882 .00212 .00080 .03196 .00040 1.03251 .00079 .01429 .00114 .00032 .00261 .00072 .00031 .00144 .00078 .00385 .00646 .03218 .00101 .00804 .00309 .01285 .00609 .01915 .01173 .00157 .11596 .00399 .02271 .00614 .00225 .00105 .00027 .00028 .00671 .01005 .01247 .00559 .00585 .00901 .02120 .00098 .01272 .00025 .00138 .00140 .00832 .03828 .00009 .00400 .00332 .02577 .04384 .00038 .01150 .02011 .02395 .00058 .00074 .00030 .00374 .00132 .00217 .00761 .02927 .00092 .00702 .00027 .00940 1.05994 .35720 .00511 .00023 .00475 .00095 .00026 .01084 .00103 .00123 .00493 .01807 .00070 .01068 .00270 .01751 .00445 .01649 .00677 .00117 .13109 .00292 .02941 .00704 .00145 .00065 .00027 .00029 .00652 .00066 .01049 .00486 .00701 .01010 .03839 .00142 .01165 .00040 .00147 .00106 .01038 .02917 .00009 .01009 .00442 .02814 .05391 .00046 .00797 .01719 .04477 .00060 .00087 .00031 .00485 .00246 .00217 .01081 .02698 .00099 .00539 .00029 .00402 .00668 1.26799 .00112 .00021 .00399 .00093 .00029 .00791 .00106 .00134 .0060 .01955 .00087 .00979 .00275 .01618 .00541 .02293 .00876 .00145 .11771 .00311 .02925 .00711 .00348 .00140 .00033 .00032 .00627 .00050 .01717 .01586 .00571 .00867 .04245 .00172 .03149 .00042 .00192 .00113 .01225 .08822 .00010 .00313 .00477 .04571 .09308 .00053 .00786 .01824 .03144 .00103 .00096 .00040 .00573 .00142 .00684 .01056 .01811 .00086 .01953 .00028 .00479 .00517 .13031 1.03188 .00024 .00509 .00091 .00035 .00758 .00127 .00136 .00672 .03337 .00106 .00949 .00334 .01378 .00426 .02124 .01058 .00218 .13990 .00332 .02683 .00687 .01810 .01014 .00219 .02442 .01069 .02653 .01256 .00706 .00679 .01082 .03863 .00169 .02719 .00041 .00195 .01245 .01468 .09344 .00092 .01523 .00779 .08483 .06251 .00087 .00879 .10439 .03703 .01599 .00246 .00059 .00773 .00170 .01091 .02686 .00641 .02062 .00653 .00078 .00803 .00875 .05798 .01868 1.01012 .31055 .00245 .00062 .01123 .00126 .00212 .00952 .04703 .00139 .01510 .00488 .01530 .00519 .02039 .01168 .00237 .16283 .00353 .05104 .00905 .00259 .00163 .00033 .00069 .00995 .00139 .01199 .00821 .00890 .01270 .03114 .00130 .01886 .00031 .00144 .00633 .01373 .04522 .00012 .00414 .00996 .15317 .15150 .00061 .01999 .05635 .02984 .00489 .00218 .00068 .00968 .00152 .02519 .05254 .00604 .00552 .00612 .00047 .00290 .00165 .05461 .01905 .01095 1.10961 .00141 .00054 .00265 .00111 .00169 .00980 .04378 .00145 .01214 .00425 .01422 .00699 .02515 .01349 .00285 .14290 .00317 .03111 .00792 .00414 .00140 .00049 .00162 .00460 .00095 .00637 .00258 .00344 .00577 .01432 .00075 .01137 .00039 .00082 .00218 .00799 .03017 .00015 .00218 .00602 .03001 .06008 .00030 .00520 .01633 .02796 .00083 .00084 .00026 .01192 .00085 .00568 .01953 .00616 .00067 .00471 .00025 .00145 .01736 .04135 .00185 .00019 .00281 1.21783 .00023 .09039 .00124 .00124 .00408 .01775 .00066 .01278 .00284 .01035 .00256 .01344 .00599 .00133 .07260 .00190 .02408 .00546 .00476 .00320 .00063 .00566 .03326 .00275 .00653 .00318 .00399 .00638 .01763 .00100 .01353 .00020 .00095 .00537 .01089 .03673 .00024 .00799 .00603 .10173 .04481 .00044 .02027 .01957 .02839 .04650 .00253 .00048 .00545 .00104 .02984 .01619 .00203 .00444 .03549 .00335 .00448 .00420 .00996 .0050 .02911 .03905 .00348 1.03513 .00696 .00065 .00120 .00647 .03253 .00098 .00865 .00310 .01076 .00306 .01536 .00933 .00154 .10265 .00213 .02219 .00637 .02761 .00564 .00337 .00986 .01677 .04551 .00456 .00669 .00774 .00381 .00009 .00254 .00441 .00669 .03045 .00695 .00373 .01119 .02122 .05243 .00870 .00817 .00956 .00632 .00011 .00472 .00676 .00850 .03170 .00584 .00303 .01084 .01910 .04507 .00665 .00709 .00804 .00480 .00009 .00249 .00444 .00723 .03556 .00712 .00360 .01669 .02952 .05609 .00486 .00788 .00817 .00497 .00010 .00403 .00548 .00596 .03678 .00686 .00501 .01712 .03539 .06409 .00592 .00753 .00988 .00546 .00011 .00488 .00495 .00769 .03161 .00641 .00420 .01196 .02040 .05822 .00466 .00788 .00959 .00411 .00011 .00365 .00480 .00833 .03591 .00817 .00523 .01330 .02925 .05780 .00568 .00910 .06321 .00576 .00012 .00747 .00681 .00986 .03093 .00726 .00536 .01416 .02456 .05727 .00763 .00822 .01208 .00654 .00011 .00532 .00665 .01058 .02134 .00572 .00353 .01620 .02162 .04458 .00281 .00645 .00735 .00342 .00008 .00463 .00410 .00531 .03247 .00555 .00278 .00986 .01779 .04000 .00335 .00661 .00859 .00306 .00008 .00258 .00376 .00649 2.01548 2.39461 2.03568 2.27168 2.1852 2.21888 2.86011 2.51562 2.04608 2.09174 n n n O 0 n O 0 January 2001 SURVEY OF CURRENT BUSINESS 41 Total Requirements, 1997—Continued of delivery to final demand, at producers' prices] Scientific and controlling instruments Ophthalmic and photographic equipment 62 63 Railroads and related Miscellaneous services; manufacturing passenger ground transportation 65A 64 Motor freight transportation and warehousing Air Water transportation transportation 65D 65C 65B Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade 65E 66 67 68A 68B 68C 69A .00076 .00163 .00062 .00161 .00249 .00196 .00994 .00117 .00074 .00143 .00066 .00126 .00128 .00202 .01415 .00173 .00158 .00450 .00230 .00184 .00426 .00202 .01752 .00195 .00051 .00107 .00064 .00104 .00098 .0010 .04814 .00143 .00056 .00093 .00043 .00090 .00049 .00123 .04454 .00077 .00124 .00175 .00054 .00113 .00081 .00156 .02199 .00068 .00173 .00194 .00044 .00098 .00050 .00088 .07682 .00086 .00056 .00112 .00084 .00104 .00032 .00132 .01485 .00060 .00064 .00117 .00051 .00125 .00045 .00083 .00609 .00088 .00471 .00621 .00041 .00280 .00027 .00142 .00747 .00063 .00042 .00103 .00065 .00109 .00049 .07569 .03514 .00138 .00060 .00171 .00109 .00247 .00104 .00183 .78218 .00250 .00065 .00190 .00184 .00164 .00149 .00173 .05180 .00269 .00082 .00144 .00066 .00153 .00033 .00111 .01059 .00054 .01867 .00017 .00275 .01640 .00005 .00549 .06697 .00004 .00206 .02025 .00005 .00231 .01652 .00008 .00537 .01634 .00113 .00817 .02833 .00018 .00209 .05370 .00006 .00206 .02499 .00015 .00713 .08384 .00003 .00163 .15520 .00004 .00210 .10762 .00013 .00246 .01482 .00005 .00330 n n n n n n n n .00182 .01740 .00456 .0010 .02554 .00149 .02168 .01847 .01098 .01510 .04028 .00187 .03427 .00042 .00263 .00644 .0130 .04412 .00134 .00224 .00601 .03628 .06691 .00069 .00490 .00620 .01924 .00061 .00070 .00030 .00440 .00096 .00247 .01016 .00198 .00069 .00597 .00020 .00132 .00073 .00961 .00104 .00012 .00237 .00062 .00055 .00101 .00091 1.05652 .00599 .02896 .00109 .00705 .00287 .0130 .00866 .01480 .00935 .00122 .11690 .00317 .02092 .00617 .00048 .00082 .00059 .00036 .00845 .00026 .00472 .00148 .00318 .00847 .00978 .00049 .00328 .00011 .00071 .00098 .05913 .01168 .00007 .00241 .00378 .01876 .00741 .00024 .00427 .00273 .00997 .00446 .00081 .00021 .00248 .00042 .00893 .00461 .00224 .00158 .00796 .00034 .00196 .00082 .00509 .00228 .00098 .01205 .00080 .02271 .00091 .00060 .00107 1.04363 .01820 .00097 .00697 .01210 .01543 .00219 .00688 .00602 .00141 .05034 .00751 .02882 .00975 .00048 .00087 .00020 .00038 .00398 .00026 .00491 .00224 .00339 .00754 .00885 .00046 .00440 .00011 .00071 .00128 .05340 .01992 .00008 .00105 .00172 .00615 .00446 .00024 .00154 .00214 .00684 .00113 .00043 .00018 .00094 .00039 .00144 .00243 .00158 .00101 .00295 .00013 .00122 .00084 .00399 .00192 .00042 .01382 .00104 .00043 .00087 .00088 .0010 .00424 1.23219 .00667 .01419 .04426 .02475 .00223 .01198 .00686 .00599 .04932 .00704 .04122 .01787 .00070 .00274 .00259 .00326 .00487 .00024 .00729 .00170 .01526 .01898 .00815 .00055 .00387 .00012 .00073 .00239 .02424 .01062 .00020 .00121 .00191 .01280 .00876 .00030 .00256 .00279 .01438 .01476 .00082 .00024 .00609 .00072 .01607 .00776 .00231 .00074 .00402 .00037 .00106 .00068 .00414 .00201 .00083 .00326 .00136 .02535 .00109 .00111 .00390 .00272 .01283 1.24674 .00608 .06684 .01410 .01098 .01088 .00505 .00110 .03599 .00206 .05121 .00707 .00069 .00028 .00022 .00047 .00339 .00015 .00480 .00141 .00594 .00982 .00799 .00048 .00202 .00013 .00081 .00047 .09596 .00558 .00008 .00083 .00175 .00554 .00554 .00035 .00130 .00214 .00466 .00039 .00047 .00013 .00137 .00029 .00123 .00344 .00357 .00043 .00139 .00013 .00073 .00176 .00875 .00102 .00006 .00172 .06883 .00017 .00605 .00071 .00128 .00296 .01011 .00129 1.0633 .10030 .02307 .00449 .00847 .00770 .00110 .03424 .00185 .03142 .00778 n .00485 .00616 .00051 .00028 .00568 .00087 .01192 .00692 .00624 .00900 .01811 .00087 .01365 .00027 .00120 .00133 .00735 .03249 .00008 .00652 .00445 .02827 .03507 .00047 .01058 .01967 .02490 .00077 .00071 .00024 .00375 .00093 .00258 .00805 .02251 .00070 .01544 .00025 .00412 .01247 .12866 .00136 .00020 .00262 .00088 .00023 1.03023 .00099 .00119 .00410 .01670 .00065 .00781 .00218 .01412 .00484 .01397 .00579 .00102 .08265 .00225 .02234 .00552 .01728 .00007 .00302 .00001 .00201 .00093 .00020 .00019 .00631 .00021 .04136 .01225 .00594 .00828 .04379 .00148 .02059 .00048 .00208 .00075 .00965 .03302 .00006 .00681 .00246 .01032 .01347 .00044 .00205 .01162 .00681 .00042 .00050 .00020 .00272 .00081 .00118 .00651 .00401 .00054 .00595 .00019 .00105 .00100 .03572 .00081 .00014 .00201 .00054 .00024 .00773 1.02896 .00105 .00573 .01855 .00089 .00636 .00223 .0130 .00455 .01139 .00782 .00110 .07862 .00241 .02086 .00517 .00044 .00142 .00028 .00214 .01211 .00021 .00824 .00358 .00945 .01879 .00507 .00038 .00249 .00008 .00046 .00047 .00965 .00848 .00017 .00097 .00172 .00413 .00346 .00013 .00184 .00124 .00510 .00099 .00032 .00012 .00060 .00040 .00416 .00267 .00881 .00076 .00238 .00018 .00079 .00172 .01092 .00282 .00010 .00312 .00071 .00029 .00070 .00148 .00214 .00260 .01345 .00213 .00922 1.02618 .04414 .00682 .01418 .00310 .00086 .02475 .00268 .03448 .01256 .00035 .00076 .00076 .00025 .00658 .00043 .00634 .00167 .00723 .01303 .00517 .00041 .00246 .00010 .00062 .00107 .00548 .00805 .00012 .00093 .00252 .00536 .00573 .00015 .00319 .00343 .00522 .00135 .00033 .00011 .00073 .00038 .00308 .00154 .00694 .00099 .00382 .00032 .00199 .02714 .03910 .00181 .00009 .00258 .00056 .00017 .00171 .00099 .00181 .00249 .00816 .00052 .00655 .00155 1.16919 .00596 .00773 .00286 .00096 .03047 .00337 .02545 .00591 .00030 .00111 .00059 .00038 .00418 .00016 .00747 .00164 .01328 .01701 .00616 .00170 .00186 .00018 .00067 .00071 .00645 .00471 .00042 .00057 .00140 .00276 .00286 .00024 .00148 .00106 .00246 .00030 .00031 .00010 .00052 .00033 .00057 .00124 .00336 .00106 .00207 .00018 .00116 .00210 .01050 .00268 .00009 .00270 .00048 .00022 .00088 .00138 .00289 .00274 .00946 .00051 .00654 .00165 .03420 1.04086 .01566 .00368 .00149 .02366 .00248 .02711 .01378 .00032 .00077 .00012 .00019 .00926 .00014 .00283 .00089 .00142 .00327 .00741 .00041 .00201 .00009 .00044 .00085 .01815 .00638 .00005 .00059 .00418 .00646 .00464 .00015 .00461 .00184 .00348 .00185 .00468 .00075 .00122 .00024 .00233 .00281 .00147 .00127 .00280 .00029 .00222 .00052 .00246 .00106 .00009 .00173 .00044 .00081 .00119 .00033 .00083 .02861 .01213 .00382 .00464 .00274 .00669 .00097 1.00495 .03612 .00085 .02193 .00471 .02701 .00579 .00050 .00058 .00012 .00029 .01626 .00022 .00389 .00124 .00214 .00431 .01297 .00077 .00267 .00015 .00075 .00152 .01713 .00692 .00008 .00075 .00843 .02231 .00608 .00022 .00797 .00147 .00816 .00055 .00293 .00052 .00127 .00032 .00196 .00270 .00227 .00232 .00246 .00050 .00415 .00084 .00303 .00102 .00008 .00238 .00068 .00027 .00095 .00060 .00119 .00385 .01279 .00142 .00926 .00867 .01007 .00156 .01561 1.31588 .00125 .03489 .00950 .03068 .00875 .00107 .00074 .00021 .00031 .02733 .00040 .00538 .00220 .00255 .00478 .03541 .00128 .00652 .00041 .00126 .00171 .03861 .01858 .00009 .00209 .00799 .01539 .01348 .00040 .00668 .00489 .01027 .00077 .00090 .00023 .00147 .00050 .00252 .00534 .00210 .00301 .00247 .00047 .00338 .00183 .00928 .00317 .00151 .05853 .00074 .00031 .02483 .00097 .00124 .00438 .03714 .00121 .00641 .00410 .03265 .00177 .01282 .03584 1.02317 .05674 .01288 .02275 .02113 .00122 .00043 .00099 .00054 .00888 .00021 .01329 .00717 .00929 .02092 .00610 .00112 .00267 .00020 .00136 .00042 .00948 .00880 .00010 .00088 .00132 .00367 .00385 .00107 .00131 .00115 .00323 .00034 .00033 .00109 .00092 .00058 .00077 .00248 .00349 .00077 .00120 .00013 .00089 .00122 .01539 .00106 .00013 .00416 .00058 .00019 .00067 .00143 .00206 .00267 .01128 .00062 .00816 .00253 .03122 .00680 .01091 .00526 .00113 1.04332 .00382 .02425 .00629 .02753 .00543 .00260 .01145 .02476 .05198 .00529 .00631 .00612 .00449 .00009 .00381 .00424 .00507 .02152 .00489 .00217 .0090 .01348 .04719 .00497 .00567 .00564 .00437 .00008 .00540 .00352 .00485 .03117 .00505 .00280 .00834 .01870 .04703 .00945 .00623 .00712 .00639 .00010 .00528 .00569 .00598 .03713 .00431 .00227 .02432 .02064 .04708 .00240 .00563 .01495 .00280 .00008 .00465 .00398 .01037 .05277 .00625 .00269 .01305 .02130 .05516 .00245 .00665 .05347 .00369 .00053 .00223 .00555 .01315 .05930 .00435 .00295 .02153 .04645 .16176 .01204 .00478 .00471 .00801 .00025 .00882 .00530 .02172 .04883 .00495 .00472 .03965 .02759 .04337 .00490 .02050 .00467 .00491 .00010 .00319 .00423 .00598 .05075 .0050 .00393 .11101 .07040 .06938 .00743 .00545 .00828 .00612 .00011 .01175 .00850 .00484 .03783 .00523 .01014 .02178 .05339 .05249 .00566 .00546 .00873 .02369 .00009 .00345 .00695 .00410 .07902 .00551 .00642 .02162 .03772 .07692 .01120 .00593 .00978 .53579 .00034 .00920 .00705 .00793 .02860 .00364 .00134 .01564 .02136 .03095 .00107 .00439 .00369 .00197 .00006 .00673 .00483 .00740 .19422 .00541 .00159 .01107 .06052 .04258 .00172 .00563 .00656 .00320 .00007 .00250 .00536 .02016 .03154 .00456 .00499 .00893 .05459 .04376 .00193 .00503 .00693 .00286 .00009 .00215 .00524 .03422 .04937 .00549 .00394 .01816 .02498 .08213 .00743 .00590 .00999 .00697 .00013 .00348 .00980 .00519 1.88149 1.70087 1.96553 1.76265 1.95687 2.13922 1.89222 1.760 1.76277 2.17135 1.60633 2.93644 1.98937 1.57598 n C) Industry number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T 42 January 2001 SURVEY OF CURRENT BUSINESS Table 8.—Industry-by-lndustry [Total requirements, direct and indirect, per dollar Industry number Each entry represents the output required, directly and indirectly, of the industry named at the beginning of the row for each dollar of delivery to final demand of the industry named at the head of the column. Industry number 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A 77B 78 79 82 84 85 T Livestock and livestock products Other agricultural products Forestry and fishery products .... Agricultural, forestry, and fishery services Metallic ores mining Coal mining Crude petroleum and natural gas Nonmetallic minerals mining New construction, including own-account construction Maintenance and repair construction, including own-account construction Ordnance and accessories Food and kindred products Tobacco products Broad and narrow fabrics, yarn and thread mills Miscellaneous textile goods and floor coverings Apparel Miscellaneous fabricated textile products Lumber and wood products Furniture and fixtures Paper and allied products, except containers Paperboard containers and boxes Newspapers and periodicals Other printing and publishing ... Industrial and other chemicals . Agricultural fertilizers and chemicals Plastics and synthetic materials Drugs Cleaning and toilet preparations Paints and allied products Petroleum refining and related products Rubber and miscellaneous plastics products Footwear, leather, and leather products Glass and glass products Stone and clay products Primary iron and steel manufacturing Primary nonferrous metals manufacturing Metal containers Heating, plumbing, and fabricated structural metal products Screw machine products and stampings Other fabricated metal products Engines and turbines Farm, construction, and mining machinery Materials handling machinery and equipment Metalworking machinery and equipment Special industry machinery and equipment General industrial machinery and equipment Miscellaneous machinery, except electrical Computer and office equipment Service industry machinery Electrical industrial equipment and apparatus Household appliances Electric lighting and wiring equipment Audio, video, and communication equipment Electronic components and accessories Miscellaneous electrical machinery and supplies Motor vehicles (passenger cars and trucks) Truck and bus bodies, trailers, and motor vehicles parts Aircraft and parts Other transportation equipment Scientific and controlling instruments Ophthalmic and photographic equipment Miscellaneous manufacturing .... Railroads and related services; passenger ground transportation Motor freight transportation and warehousing Water transportation Air transportation Pipelines, freight forwarders, and related services Communications, except radio and TV Radio and TV broadcasting Electric services (utilities) Gas production and distribution (utilities) Water and sanitary services Wholesale trade Retail trade Finance Insurance Owner-occupied dwellings Real estate and royalties Hotels and lodging places Personal and repair services (except auto) Computer and data processing services, including own-account software Legal, engineering, accounting, and related services Other business and professional services, except medical Advertising Eating and drinking places Automotive repair and services Amusements Health services Educational and social services, and membership organizations Federal Government enterprises State and local government enterprises General government industry ... Household industry Inventory valuation adjustment Total industry output multiplier * Less than .000005. Retail trade 69B Insurance Finance 70B 70A Owneroccupied dwellings 71A Real estate and royalties Hotels and lodging places 72A 71B Personal and repair services (except auto) 72B Computer and data processing services Legal, engineering, accounting, and related services 73A 73B .00068 .00118 .00037 .00232 .00025 .00195 .01001 .00055 .00045 .00069 .00022 .00095 .00014 .00095 .00530 .00029 .00060 00090 .00028 .00122 .00020 00067 .00468 .00033 .00051 00187 .00033 .00893 .00012 .00017 .00204 .00070 .00063 00191 .00051 .00718 .00021 .00099 .00611 .00101 .00156 00289 .00061 .00639 .00030 .00339 .01480 .00108 .00076 .00150 .00043 .00159 .00056 .00148 .01196 .00073 .00054 00095 .00033 .00168 .00044 .00083 .00538 .00048 .00043 .00072 .00022 .00131 .00015 .00072 .00426 .00030 .02327 .00003 .00247 (*) .00073 .00038 .00019 .00023 .00432 .00016 .01450 .00257 .01484 .01811 .00471 .00051 .00221 .00008 .00073 .00044 .00905 .00722 .00048 .00048 .00136 .00298 .00250 .00013 .00142 .00092 .00285 .00063 .00030 .00012 .00053 .00039 .00063 .00146 .00176 .00079 .00093 .00017 .00105 .00074 .00331 .00099 .00015 .00543 .00043 .00018 .00057 .00085 .00248 .00264 .00992 .00059 .00563 .00164 .02008 .01187 .02205 .00499 .00168 .01609 1.00515 .03388 .00742 .01142 .00003 .00176 .01858 .00004 .00280 (*) .00565 .00103 .00493 .00309 .00468 .00026 .01198 .00265 .00879 .02013 .01043 .00060 .00497 .00029 .00947 .00069 .00864 .01169 .00408 .00084 .00165 .00605 .00687 .00028 .00160 .00291 .00571 .00037 .00033 .00012 .00094 .00084 .00126 .00259 .00941 .00463 .00265 .01251 .00111 .00116 .01784 .00111 .00010 .00288 .00045 .00025 .00214 .00876 .01678 .00277 .01511 .00064 .00578 .00187 .02232 .00648 .01473 .00835 .00234 .03978 .00243 .02179 .00634 .01596 .00005 .00204 (*) .00051 .00029 .00014 .00017 .00364 .00021 .01340 .00177 .00499 .01502 .00588 .00044 .00253 .00009 .00053 .00037 .00461 .00786 .00009 .0010 .00124 .00414 .00642 .00014 .00191 .00240 .00457 .00032 .00022 .00011 .00076 .00048 .00063 .00173 .06993 .00044 .00392 .00013 .00091 .00234 .07601 .00338 .00008 .00244 .00051 .00017 .00172 .00166 .00168 .00238 .00774 .00046 00693 .00153 .03297 .00341 .00749 .00268 .00072 .04606 .00156 .02251 .00446 !6ioii"" .00034 .00027 .00008 .00019 .00732 .00013 .00350 .00074 .00298 .00532 .00299 .00104 .00122 .00006 .00042 .00070 .00473 .00386 .00006 .00039 .00343 .00282 .00233 .00009 .00331 .00066 .00230 .00021 .00031 .00008 .00034 .00019 .00050 .00064 .00076 .00105 .00085 .00031 .00122 .00055 .00151 .00046 .00007 .00198 .00028 .00014 .00053 .00051 .00096 .00182 .00744 .00037 00380 .00107 .01201 .00229 .01036 .00390 .00254 01071 .00383 .01865 .01461 .04562 .00005 .00576 (*) .00440 .00106 .00136 .00760 .00658 .00022 .01026 .00336 .00776 .01226 .00701 .00296 .00337 .00018 .00191 .00062 .00897 .00905 .00040 .00537 .00316 .00346 .00284 .00024 .00241 .00103 .00295 .00037 .00049 .00015 .00064 .00044 .00077 .00136 .00195 .00103 .00152 .00059 .00125 .00092 .00341 .00082 .00010 .00305 .00058 .00030 .00089 .00108 .00242 .00366 .01716 .00083 .00817 .01671 .02385 .00535 .03901 .01246 .00528 02181 .00454 .08395 .00662 .08740 .00486 .00453 .01279 .01974 .06896 .01296 .00599 .00775 .00885 .00011 .00239 .00978 .00792 .04816 .00415 .00189 .03429 .04227 .06742 .00534 .00431 .00473 .00473 .00010 .00307 .03539 .00446 .06192 .00717 .00238 .01798 .05513 .08389 .00471 .00747 .02272 .00541 .00013 .00318 .01667 .00394 .04873 .00001 .00044 (*) .00017 .00017 .00003 .00009 .00497 .00006 .00101 .00031 .00059 .00128 .00151 .00155 .00062 .00005 .00018 .00044 .00192 .00189 .00002 .00017 .00188 .00166 .00134 .00005 .00245 .00029 .00121 .00009 .00052 .00004 .00016 .00007 .00026 .00026 .00029 .00068 .00043 .00015 .00077 .00023 .00055 .00020 .00002 .00048 .00007 .00006 .00022 .00015 .00033 .00051 .00282 .00013 00088 .00032 .00263 .00042 .00121 .00068 .00020 00544 .00268 .03176 .03273 1.00000 .03780 .00065 .00035 .00193 .01037 .01245 .00047 .00064 .00152 .00055 00003 .00033 .00173 .00125 .06737 .00002 .00130 .00044 .00018 .00011 .00043 .00243 .00033 .00724 .00106 .00717 .01579 .00279 .00024 .00105 .00005 .00037 .00022 .00449 .00279 .00013 .00040 .00073 .00160 .00151 .00008 .00072 .00057 .00171 .00024 .00016 .00007 .00031 .00025 .00042 .00070 .00367 .00032 .00074 .00008 .00044 .00081 .00452 .00087 .00006 .00196 .00040 .00017 .00036 .00133 .00202 .00212 .01518 .00110 .00578 .00168 .02538 .00489 .00612 .00301 .00125 .01241 .00121 1.24222 .00696 .01298 .00004 .00243 (*) .00045 .00021 .00013 .00034 .00281 .00023 .00710 .00116 .00598 .01576 .00332 .00031 .00147 .00006 .00039 .00049 .00432 .00486 .00011 .00062 .00083 .00229 .00215 .00011 .00086 .00097 .00267 .00036 .00017 .00008 .00039 .00030 .00050 .00087 .00347 .00048 .00089 .00009 .00059 .00102 .00433 .00147 .00014 .00417 .00057 .00022 .00087 .00202 .00170 .00287 .01085 .00061 00814 .00187 .03535 .00431 .00499 .00210 .00079 .01386 .00172 .13809 1.36854 1.08051 .00338 .00286 .00418 .02616 .04374 .00251 .00345 .00902 .00261 00007 .00156 .00505 .00783 .08223 1.00662 .00882 .01522 .02651 .12482 .00589 .00853 .00889 .00547 00021 .00383 .01111 .01713 .07426 .00436 1.04572 .01159 .05025 .05807 .00707 .00499 .00759 .00541 00010 .00485 .00891 .00825 .09071 .00470 .00337 1.1019 .02753 .06552 .00373 .00528 .00792 .00418 00010 .01063 .00899 .00440 .06798 .00546 .00189 .02936 1.09133 .12007 .00183 .00439 .00596 .00268 00017 .00519 .01201 .00364 1.55873 1.68641 1.99581 1.24827 1.43832 1.79206 1.71082 1.76243 1.53408 0 O .00005 .00161 0 .00031 .00017 .00010 .00014 .00250 .00016 .00678 .00118 .00308 .01148 .00300 .00028 .00116 .00006 .00049 .00023 .00372 .00354 .00024 .00127 .00088 .00167 .00160 .00009 .00069 .00062 .00187 .00021 .00016 .00009 .00046 .00034 .00041 .00101 .00481 .00033 .00089 .00008 .00042 .00079 .00492 .00179 .00006 .00171 .00042 .00019 .00054 .00223 .00161 .00177 .00718 .00049 .00598 .00134 .02134 .00163 .00649 .00218 .00060 .01310 .00117 .02417 .00407 January 2001 SURVEY OF CURRENT BUSINESS 43 Total Requirements, 1997—Continued of delivery to final demand, at producers' prices] Other business and professional services, Advertising Eating and drinking places Automotive repair and services Amusements Health services 73D 74 75 76 77A Educational andsocial services, and m e m bership organizations medical 73C 77B Federal Government enterprises State and local government enterprises Scrap, used and secondhand goods General government industry Household industry Industry number 78 79 81 82 84 85 .00075 .00090 .00027 .00097 .00031 .00067 .00771 .00046 .00060 .00089 .00023 .00091 .00017 .00065 .00394 .00031 .05337 .05356 .00905 .01019 .00049 .00231 .01497 .00125 .00068 .00131 .00059 .00170 .00235 .00196 .02009 .00107 .00433 .00624 .00050 .00394 .00030 .00177 .00890 .00070 .00297 .00380 .00058 .00345 .00050 .00162 .01129 .00111 .00461 .00517 .00085 .00374 .00037 .00143 .01190 .00108 .00232 .00286 .00075 .00111 .00062 .01183 .02682 .00090 .00072 .00249 .00139 .00548 .00099 .01306 .06832 .00439 .00982 .00031 .00236 .00757 .00004 .00172 .02416 .00004 .26083 .01984 .00007 .00256 .02267 .00028 .01163 .01943 .00010 .01322 .05255 .00005 .01979 .03886 .00005 .01121 !20027 .00004 .00198 n n O O n n n n 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 26A 26B 27A 27B 28 29A 29B 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 59A 59B 60 61 62 63 64 65A 65B 65C 65D 65E 66 67 68A 68B 68C 69A 69B 70A 70B 71A 71B 72A 72B 73A 73B 73C 73D 74 75 76 77A n .00053 .00025 .00038 .00018 .00263 .00015 .0090 .00266 .00395 .01108 .00774 .00040 .00209 .00012 .00176 .00050 .00740 .00640 .00023 .00137 .00114 .00355 .00288 .00024 .00086 .00132 .00258 .00071 .00042 .00051 .00224 .00169 .00158 .00229 .00357 .00084 .00374 .00012 .00098 .00078 .00622 .00131 .00013 .00327 .00056 .00118 .00089 .00255 .00234 .00281 .00974 .00051 .00707 .00176 .02076 .00254 .00585 .00299 .00068 .02070 .00276 .01938 .00493 .00063 .00027 .00016 .00055 .00261 .00014 .01445 .00138 .00532 .06658 .00456 .00034 .00162 .00007 .00042 .00024 .00337 .00437 .00011 .00041 .00057 .00172 .00161 .00011 .00056 .00068 .00164 .00024 .00017 .00009 .00040 .00054 .00040 .00096 .00293 .00041 .00078 .00007 .00051 .00066 .00322 .00091 .00010 .00301 .00032 .00018 .00043 .00174 .00198 .00193 .00674 .00037 .00447 .00111 .01801 .01004 .00603 .00196 .00039 .02063 .00144 .01678 .00367 .00156 .00087 .00029 .00099 .00542 .00018 .01622 .00945 .00880 .01382 .01090 .00537 .00485 .00129 .00145 .00066 .01097 .01850 .00015 .00466 .00329 .00490 .00559 .00537 .00157 .00151 .00362 .00035 .00062 .00018 .00067 .00118 .00166 .00165 .00126 .00076 .00111 .00022 .00108 .00056 .00304 .00103 .00012 .00378 .00054 .00027 .00060 .00061 .00343 .00621 .02708 .00119 .00746 .00282 .01313 .00690 .02426 .00978 .00287 .08442 .00365 .02623 .00713 .00214 .00115 .00065 .00131 .00490 .00244 .00841 .00358 .00744 .01054 .0150 .00076 .00901 .00018 .00141 .00382 .0190 .03483 .00017 .00766 .00325 .03045 .02527 .00036 .00410 .02056 .02049 .00830 .00097 .00025 .00264 .00101 .00474 .01101 .00258 .00836 .00582 .00041 .00517 .00107 .01311 .00753 .00455 .13533 .00131 .00032 .00242 .00098 .00169 .00495 .02114 .00087 .0090 .00470 .02037 .00563 .01586 .00858 .00213 .07390 .00881 .03881 .01056 .00192 .00039 .00111 .00060 .00462 .00016 .00835 .00211 .01241 .01669 .00792 .00278 .00234 .00027 .00091 .00107 .00724 .00553 .00081 .00059 .00135 .00292 .00299 .00037 .00139 .00110 .00270 .00027 .00036 .00011 .00052 .00033 .00056 .00126 .00187 .00162 .00105 .00015 .00165 .00080 .00345 .00468 .00010 .00303 .00047 .00026 .00084 .00103 .00398 .00274 .00996 .00061 .00620 .00166 .01841 .00948 .020 .00483 .00151 .03084 .00272 .02286 .00575 .00192 .00065 .00158 .00149 .00397 .00024 .01014 .00336 .00430 .01065 .02473 .00132 .00557 .02515 .00242 .00052 .00809 .01759 .00019 .00325 .00219 .00348 .00322 .00052 .00141 .00185 .00318 .00030 .00033 .00013 .00062 .00047 .00062 .00146 .00473 .00068 .00148 .00021 .00182 .00111 .00694 .00096 .00010 .00293 .00067 .00021 .01694 .00246 .00148 .00337 .01198 .00075 .00774 .00201 .01948 .00258 .01621 .00663 .00180 .03616 .00236 .02091 .00975 .00129 .00054 .00050 .00055 .00992 .00026 .01829 .00341 .01389 .05203 .00844 ,00120 .00322 .00071 .00155 .00123 .01018 .00951 .00063 .00205 .00262 .00429 .00372 .00055 .00280 .00142 .00403 .00036 .00040 .00014 .00071 .00061 .00075 .00164 .00229 .00116 .00140 .00035 .00208 .00106 .00490 .00141 .00012 .00376 .00051 .00031 .00207 .00245 .00509 .00334 .01461 .00086 .00695 .00211 .02077 .00667 .01359 .00637 .00187 .03448 .00468 .03503 .00766 .00077 .00254 .00039 .00289 .00617 .00778 .00888 .00396 .00249 .01943 .00784 .00057 .00263 .00015 .00155 .00071 .02786 .00610 .00139 .00075 .00224 .00739 .00682 .00037 .00252 .00265 .00366 .00232 .00105 .00039 .00094 .00037 .00181 ,00424 .00107 .00173 .00130 .00018 .00139 .00051 ,00299 .00119 .00058 .02112 .00176 .00104 .00072 .00068 .00118 .01155 .03712 .02568 .02434 .00720 .01112 .00131 .00973 .00948 .00345 .03169 .00279 .02492 .00702 .00111 .00078 .00054 .00037 .02090 .00029 .00499 .00157 .00260 .00614 .02703 .00307 .00444 .00035 .00170 .00204 .04242 .01050 .00007 .00174 .01473 .01147 .00859 .00035 .00997 .00225 .00662 .00157 .00350 .00035 .00164 .00046 .00222 .00954 .00132 .00657 .00825 .00076 .00434 .00124 .00376 .00205 .00022 .00590 .00044 .00160 .00145 .00061 .00165 .00888 .02471 .00692 .00448 .00402 .01238 .00183 .03573 .04283 .00540 .04012 .01022 .03240 .00666 .03742 .00561 .00285 .01951 .02826 1.07781 .00279 .00649 .00724 .00474 .00013 .00422 .00827 .00338 .02056 .00365 .00210 .01013 .05282 .10058 1.00257 .00383 .01165 .03188 .00016 .00327 .00780 .00254 .07351 .00532 .00424 .00918 .02104 .05419 .00754 1.01763 .00857 .01734 .00120 .00313 .00568 .01088 .07652 .00618 .01375 .01219 .02232 .05337 .00615 .00671 1.01681 .00552 .00009 .00273 .00792 .00907 .08987 .00492 .00444 .01052 .03722 .06902 .01035 .00556 .00896 1.17114 .00050 .00303 .00806 .00770 .08855 .00642 .00392 .01563 .03040 .08434 .00284 .00940 .00965 .00346 1.01935 .00464 .01325 .00748 .12141 .00541 .00381 .01971 .03017 .10615 .00731 .00877 .00963 .01077 .00025 1.0071 .01392 .0080 .03065 .00207 ,00140 .00758 ,01443 .05319 .00145 .00353 ,00765 .00152 .00013 .00163 1.00383 .01127 .05255 .00265 .00248 .0090 ,05392 .04670 .00201 .00346 .00832 .00204 .00009 ,00242 .00725 1.03291 77B 1 00000 1 00000 1.44508 1.49865 2.05976 1.97527 1.74915 1.68879 1.80539 1.62412 2.00756 1.00000 1.00000 1.00000 1.00000 78 79 82 84 85 T 44 SURVEY OF CURRENT BUSINESS January 2001 An Ownership-Based Framework of the U.S. Current Account, 1982-98 IN THIS REPORT, the Bureau of Economic Analysis (BEA) updates its supplemental, ownership-based framework of the current-account portion of the U.S. international transactions (balance of payments) accounts.1 This presentation was developed in the first half of the 1990's in response to interest in a supplement to the existing international transactions presentation that would provide additional information about ownership.2 This interest arose from the increased interdependence of world economies that occurred as multinational companies (MNCs) have assumed a more prominent role in international markets by integrating production processes on a global scale and as commercial agreements have increasingly covered not only cross-border sales but also sales through locally established affiliates. The globalization of economic activity can be viewed in a number of ways. From the perspective of MNCs, worldwide sales are aggregated irrespective of the location of the point of sale—for example, irrespective of whether the sale originated from the plant of a company in California or from a plant of that company in Ireland. In terms of the impact on the U.S. economy— that is, from the traditional balance-of-payments perspective—the location of the seller is significant; moreover, for sales by affiliates, factor costs—such as labor and capital—and other costs must be subtracted from sales. Like the traditional international transactions accounts, the ownership-based framework presented in this report is organized by residency, but it broadens the definition of the balance on trade in goods and services to include net receipts of income by MNCs from the sales and purchases by their affiliates. The ownershipbased account is fully consistent conceptually with the 1. For a review of the sources and methods used to prepare the supplemental estimates, see Obie G. Whichard and Jeffrey H. Lowe, "An Ownership-Based Disaggregation of the U.S. Current Account, 1982-93," SURVEY OF CURRENT BUSINESS 75 (October 1995): 52-61. For a general review of the issues relating to ownership relationships in international transactions, see J. Steven Landefeld, Obie G. Whichard, and Jeffrey H. Lowe, "Alternative Frameworks for U.S. International Transactions," SURVEY 73 (December 1993): 50-61. 2. Among those calling for more information on ownership was a National Academy of Sciences study panel. See Anne Y. Kester, ed.( Behind the Numbers: U.S. Trade in the World Economy, National Research Council, Panel on Foreign Trade Statistics (Washington, DC: National Academy Press, 1992). Note.— Jeffrey H. Lowe prepared this report. current account of the traditional international transactions accounts and can be viewed as a "satellite" of those accounts.3 Highlights of this presentation for 1998 follow: • Worldwide sales by U.S. companies to foreign persons exceeded sales by foreign companies to U.S. residents by $363 billion. Sales by the U.S. companies to foreign persons were $3,173 billion; $933 billion were from cross-border sales (exports of goods and services), and $2,240 billion were sales by foreign affiliates. Sales by the foreign companies to U.S. residents were $2,810 billion; $1,100 billion were from cross-border sales (imports of goods and services), and $1,710 billion were sales by U.S. affiliates. • After deducting costs, such as those for labor, capital, and purchased goods and services, the income to U.S. companies from the sales by their foreign affiliates was $106 billion; this income combined with the value of U.S. goods and services exports yields a total value of trade accruing to the U.S. economy of $1,039 billion. After deducting costs, the income to foreign companies from the sales by their U.S. affiliates was $39 billion; this income combined with the value of U.S. goods and services imports yields a total value of U.S. trade accruing to foreign economies of $1,139 billion. The resulting balance of this ownership-based measure is -$99 billion, compared with the -$167 billion balance on trade of goods and services using the traditional balance-of-payments framework based on location of production. The ownership-based estimates for 1982-97 have been revised to incorporate the results of last summer's annual revision of the U.S. international transactions accounts, and the estimates for 1997 have been revised to incorporate the latest financial and operating data of 3. According to the international System of National Accounts, satellite accounts are accounts that augment the central national accounts by "expanding the analytical capacity of national accounting for selected areas...in a flexible manner, without overburdening or disrupting the central system"; they may introduce additional information, alternative accounting frameworks, or "complementary or alternative concepts," while maintaining linkages to the central accounts. See Commission of the European Communities, International Monetary Fund, Organisation for Economic Co-operation and Development, United Nations, and World Bank, System of National Accounts, 1993 (Brussels/Luxembourg, New York, Paris, and Washington, DC, 1993): 489. SURVEY OF CURRENT BUSINESS foreign-owned affiliates in the United States and of U.S.-owned affiliates abroad; new estimates are presented for 1998. Among the improvements that were incorporated last summer into the annual revision of the U.S. international transactions accounts were the following: Revised estimates of direct investment income receipts and payments for 1982 forward that reflect revised estimates of the current-cost adjustment, which incorporated revised estimates of prices for equipment and structures; revised estimates of "other private services" receipts for 1986 forward that reflect the use of improved estimates of international expenditures of international organizations in the United States and newly developed estimates of expenditures of temporary nonagricultural workers in the United States; and revised estimates of "other private services" receipts and payments for 1997 forward that reflect revisions to financial services receipts and payments.4 In the standard presentation of the current-account estimates, U.S. sales (exports) to foreigners (line 3 of table 1) consist only of the sales of goods and services that are delivered to foreign markets directly from the United States. In the ownership-based presentation, U.S. international "sales" (line 2) also includes the income that is received by U.S. companies from their affiliates abroad (line 8). Similarly, in the ownershipbased presentation, U.S. international "purchases" (line 22) includes the income that is paid by foreign-owned firms in the United States to their foreign owners as well as the payments for the goods and services that are directly delivered to the U.S. market from abroad. These additions, which raise the value of total U.S. "sales" and "purchases," provide a more comprehensive basis for assessing the effect of net "cross-border" sales on the U.S. economy. In the table, the balance on goods, services, and net 4. See Christopher L. Bach, "U.S. International Transactions, Revised Estimates for 1982-99," SURVEY 80 (July 2000): 70-77. January 2001 receipts from sales by affiliates (line 43) shows the net result of the active participation of U.S. companies, including U.S. affiliates of foreign owners, in international markets. Each year, this balance has been in smaller deficit (or in surplus) than either the balance on goods and services or the balance on current account; in 1998, this balance was -$99.2 billion, compared with the balance on goods and services of-$166.9 billion. The balance was smaller because U.S. parents' receipts of income from their foreign affiliates has been greater than U.S. affiliates5 payments of income to their foreign parents. Additional information on ownership relationships is provided by the disaggregation of trade in goods and in services into trade between affiliated parties (that is, trade within MNC's) and trade between unafflliated parties. Trade within MNC's is disaggregated into trade between U.S. parent companies and their foreign affiliates and trade between U.S. affiliates of foreign companies and their foreign parent groups. For receipts and payments of direct investment income, the table shows how the income is derived from the production and sales by affiliates.5 To highlight the links between the income and the activities that produce it, the income is designated "net receipts" or "net payments" of direct investment income resulting from sales by affiliates. The addenda to table 1 provide supplemental information on the U.S. content and the foreign content of affiliates' output; this information can be used to describe affiliate operations and analyze the role of direct investment in supplying international markets. For both foreign and U.S. affiliates, output sold (or added to inventory) is broken down between U.S. content and foreign content; the source of the content is then broken down between the affiliates' own value added and other content. 5. These detailed estimates can only be provided for nonbank affiliates. Table 1 follows. H 45 46 • January 2001 SURVEY OF CURRENT BUSINESS Table 1.—Ownership-Based Framework of the U.S. Current Account, 1982-98 [Billions of dollars] 1982 1983 304.7 297.9 275.2 211.2 64.1 193.3 139.0 54.3 81.9 72.2 9.8 55.4 47.1 8.3 26.5 25.0 1.5 266.1 201.8 64.3 183.9 129.8 54.0 82.2 72.0 10.3 58.0 49.4 8.6 24.3 22.6 1.7 1984 1985 1986 1987 1988 347.0 395.2 489.6 603.1 289.1 215.9 73.2 189.7 128.2 61.6 99.4 87.8 11.6 71.3 61.9 9.5 28.0 25.9 2.1 310.0 223.3 86.7 212.5 140.4 72.1 97.5 83.0 14.6 72.7 61.1 11.6 24.9 21.9 3.0 348.9 250.2 98.7 247.0 164.7 82.3 101.9 85.5 16.4 79.7 66.4 13.3 22.2 19.1 3.1 431.1 320.2 110.9 306.3 214.4 91.9 124.9 105.8 19.1 95.4 79.4 16.0 29.4 26.4 3.0 537.1 389.3 147.8 382.4 261.5 121.0 154.7 127.8 26.9 112.5 90.1 22.4 42.2 37.8 4.5 33.4 895.5 99.2 92.0 73.4 55.3 58.5 56.7 45.9 35.6 63.5 928.9 1,052.8 1,194.7 1,284.9 1,493.4 1,541.6 1,574.1 1,570.6 1,757.4 2,040.7 2,233.7 2,443.4 147.4 138.8 128.8 230.9 212.3 192.0 157.6 1,065.1 1,098.9 1,106.9 1,089.1 1,200.0 1,379.3 1,509.5 224.3 196.1 252.6 240.8 201.1 201.5 975.7 1,138.5 1,256.9 887.9 902.8 905.3 1,647.8 271.4 1,376.4 1990 1991 1992 1993 1994 1995 749.3 776.9 674.8 710.0 780.8 890.3 954.6 1,052.5 1,039.4 617.3 440.4 176.9 430.0 285.6 144.4 187.2 154.8 32.5 131.4 106.0 25.4 55.8 48.8 7.1 642.8 456.8 185.9 449.2 295.7 153.4 193.6 161.1 32.5 139.6 113.8 25.8 54.0 47.4 6.7 703.4 502.4 201.0 473.9 313.0 160.9 229.5 189.4 40.1 170.8 138.3 32.6 58.7 51.1 7.5 795.1 575.8 219.2 541.8 365.9 175.9 253.2 209.9 43.3 187.1 152.7 34.4 66.2 57.2 852.1 612.1 240.0 582.0 389.5 192.5 270.1 222.6 47.5 198.6 161.8 36.8 71.5 60.8 10.7 95.3 102.5 Exports of goods and services and income receipts (IT table 1, 567.9 Receipts resulting from exports of goods and services or sales by foreign affiliates Exports of goods and services, total Goods, balance of payments basis (IT table 1, line 3) Services (IT table 1, line 4) To unaffiliated foreigners Goods Services To affiliated foreigners Goods Services To foreign affiliates of U.S. companies Goods Services To foreign parent groups of U.S. affiliates Goods Services Net receipts by U.S. companies of direct investment income resulting from sales by their foreign affiliates IT table 1, line 14) Nonbank affiliates Sales by foreign affiliates Less: Foreign affiliates' purchases of goods and services from the United States Less: Costs and profits accruing to foreigners Compensation of employees of foreign affiliates Other Less: Sales by foreign affiliates to other foreign affiliates of the same parent Bank affiliates 23 23a 23b 24 24a 24b 25 25a 25b 26 26a 26b 27 27a 27b 28.7 886.3 65.0 721.3 111.7 609.6 66.1 668.5 102.8 565.7 123.4 3.4 123.0 3.1 Imports of goods and services and income payments (IT table 1, line 18) 356.0 Net payments to foreign parents of direct investment income resulting from sales by their U.S. affiliates (IT table 1, line 31) Nonbank affiliates Sales by U.S. affiliates Less: U.S. affiliates' purchases of goods and services from abroad Less: Costs and profits accruing to U.S. persons Compensation of employees of U.S. affiliates Other Less: Sales by U.S. affiliates to other U.S. affiliates of the same parentl Bank affiliates Other income payments Other private payments on foreign-owned assets in the United States (IT table 1, line 32) U.S. Government payments (IT table 1, line 33) Compensation of employees (IT table 1, line 34) Unilateral current transfers, net (IT table 1, line 35) Memoranda: Balance on goods and services (IT table 1, line 73) Balance on goods, services, and net receipts from sales by affiliates (line 2 minus line 22) Balance on current account (IT table 1, line 76) 32.4 53.4 92.2 753.1 136.1 617.0 110.9 841.2 151.5 689.7 122.3 936.9 635.3 430.2 205.1 301.7 249.6 52.1 226.9 186.5 40.4 74.8 63.0 11.8 933.0 670.3 262.7 635.0 427.6 207.4 298.0 242.8 55.2 228.3 185.4 43.0 69.6 57.4 12.3 122.4 2.9 123.3 2.0 135.1 1.4 161.5 0.4 185.9 1.8 193.0 0.2 233.9 0.4 245.4 0.3 68.3 5.2 n.a. 57.6 5.5 n.a. 52.8 6.4 0.9 55.6 5.3 1.0 70.6 6.7 1.0 92.6 5.7 1.0 94.1 10.5 1.2 81.2 8.0 1.3 473.9 483.8 530.1 594.4 663.7 721.3 759.2 734.5 762.0 822.0 949.2 1,082.0 1,159.1 1,294.0 1,364.5 264.5 2.2 260.4 3.7 292.0 3.9 60.4 5.1 1.4 82.4 4.1 1.5 357.1 3.2 394.1 3.3 422.0 3.3 429.8 0.7 115.0 4.6 1.8 136.4 3.6 1.8 146.5 3.6 1.9 116.2 109.8 4.7 1.8 301.5 328.0 455.4 508.2 557.9 586.9 619.4 607.2 655.1 719.7 822.6 921.3 987.3 1,086.5 1,138.6 299.4 247.6 51.7 204.0 156.4 47.5 95.4 91.2 4.2 42.1 39.3 2.8 53.4 51.9 1.4 323.9 268.9 55.0 221.6 170.5 51.1 102.3 98.4 3.9 45.8 43.6 2.2 56.4 54.8 1.6 400.2 332.4 67.7 272.7 209.2 63.5 127.5 123.2 4.2 55.0 52.8 2.2 72.5 70.5 2.0 411.0 338.1 72.9 270.8 202.3 68.5 140.1 135.8 4.4 56.5 54.0 2.4 83.7 81.7 1.9 448.6 368.4 80.1 295.3 220.0 75.3 153.3 148.4 4.8 57.5 55.0 2.5 95.7 93.4 2.3 500.6 409.8 90.8 325.3 241.2 84.1 175.2 168.6 6.7 63.6 60.4 3.2 111.6 108.2 3.4 545.7 447.2 98.5 350.4 259.3 91.1 195.3 187.9 7.5 73.1 69.5 3.6 122.2 118.4 3.9 579.8 477.4 102.5 365.6 272.7 92.9 214.3 204.7 9.6 79.6 74.7 4.9 134.7 129.9 4.8 616.0 498.3 117.7 386.9 280.6 106.3 229.1 217.8 11.3 85.9 80.3 5.6 143.2 137.5 5.8 609.4 491.0 118.5 381.1 275.3 105.8 228.3 215.6 12.7 88.9 83.5 5.4 139.4 132.2 7.3 652.9 536.5 116.5 408.2 304.8 711.7 589.4 122.3 449.8 341.5 108.2 262.0 247.9 14.1 103.1 97.1 6.0 158.9 150.8 8.1 800.5 668.6 131.9 494.6 379.1 115.5 305.9 289.5 16.4 121.8 114.9 7.0 184.1 174.6 9.4 749.6 141.4 558.6 436.1 122.6 332.4 313.5 18.9 129.7 122.3 7.4 202.7 191.2 11.4 954.2 1,042.9 1,099.9 917.2 876.4 803.3 182.7 166.5 709.7 668.0 555.5 526.6 154.2 141.5 129.9 390.2 374.8 355.8 361.7 349.8 28.5 170.3 158.1 147.5 137.2 12.2 10.4 7.8 219.9 217.0 203.5 202.4 197.7 16.3 2.1 1.4 518.1 4.1 3.3 536.6 8.4 7.8 593.6 6.9 5.6 633.0 6.9 5.6 672.0 7.7 7.4 744.6 43.6 2.2 7.0 22.2 7.9 -2.3 3.5 12.2 33.1 30.3 6.6 39.7 2.4 10.7 30.2 19.3 7.5 -1.8 4.9 25.7 886.4 1,056.6 1,175.9 1,185.9 1,232.0 1,329.4 1,443.5 1,544.6 1,667.6 1,726.3 85.7 431.0 61.5 369.5 83.1 450.2 66.8 383.4 73.2 410.1 79.9 432.2 128.1 538.4 86.5 451.9 147.0 590.2 96.0 494.2 159.4 716.3 119.6 596.8 176.6 873.5 144.2 729.3 n.a. 0.7 n.a. 0.8 1.4 n.a. 1.3 n.a. 0.2 n.a. 1.5 n.a. 0.5 n.a. -1.4 n.a. -0.5 n.a. -0.2 n.a. 0.5 n.a. 2.8 n.a. 4.6 n.a. 2.9 n.a. 3.9 n.a. 2.7 54.5 49.5 35.2 19.3 n.a. 30.5 19.0 47.4 24.6 2.7 57.7 26.2 2.3 72.3 31.7 1.8 38.4 2.3 95.5 40.8 3.5 82.5 40.9 4.0 63.1 39.1 4.8 57.8 39.4 5.1 76.5 44.2 6.0 97.0 57.4 6.3 97.9 67.6 6.3 112.8 88.1 6.7 127.7 91.1 7.1 -138.5 -151.7 -114.6 -90.6 -78.9 -28.3 -35.7 -68.9 -97.0 -95.9 -102.1 -105.9 -166.9 -108.5 -147.2 -113.1 -160.7 -68.3 -121.2 -35.7 -97.0 -16.3 -77.0 32.7 6.6 19.7 -47.7 -9.6 -82.7 -41.8 -118.6 -31.0 -109.5 -32.7 -123.3 -34.0 -140.5 -99.2 -217.1 800.9 718.2 298.8 419.4 82.6 815.9 348.2 467.7 92.2 1,019.4 1,094.2 1,277.0 1,294.8 1,304.1 1,301.7 1,484.5 1,700.0 1,844.4 1,933.4 2,026.4 971.9 1,148.2 1,156.0 1,156.6 1,144.1 1,292.5 1,487.7 1,613.6 1,672.5 1,766.3 908.4 403.1 383.1 440.0 595.7 560.9 494.1 442.2 440.6 441.6 568.8 525.3 708.2 1,017.9 1,051.7 1,150.8 798.4 701.9 716.1 714.4 122.3 110.9 128.8 230.9 192.0 157.6 147.4 138.8 678.0 549.9 142.1 407.8 128.1 751.6 604.6 157.9 446.7 147.0 899.7 1,070.5 1,186.6 1,190.5 1,235.5 1,336.6 1,449.7 1,551.4 1,671.7 1,730.8 1,893.1 1,004.6 1,043.5 1,127.9 1,207.9 1,289.2 1,390.0 1,451.2 1,587.1 740.3 893.8 418.1 389.4 190.4 358.1 322.6 313.0 285.7 266.3 257.6 239.3 223.4 758.7 550.0 894.9 842.1 777.2 746.9 670.4 966.5 1,031.9 1,061.8 1,169.0 188.7 159.4 306.0 279.6 241.8 208.7 192.0 186.0 176.6 281.8 262.3 65.9 44.2 21.2 n.a. 42.7 23.1 -24.2 -30.1 -38.7 Addenda: Source of the content of foreign nonbank affiliates' sales:2 Output sold to nonaffiiiates or added to inventory, total (line 10 minus line 15 plus the change in inventories) Foreign content Value added by foreign affiliates of U.S. companies Other foreign content U.S. content 802.9 737.9 286.7 451.2 65.0 746.7 680.6 272.1 408.5 66.1 Source of the content of U.S. nonbank affiliates' sales:2 Output sold to nonaffiiiates or added to inventory, total (line 30 minus line 35 plus the change in inventories) U.S. content Value added by U.S. affiliates of foreign companies Other U.S. content Foreign content 521.5 435.8 103.5 332.3 85.7 534.8 451.7 111.5 340.2 83.1 -82.2 -94.3 -118.2 699.9 280.4 75.3 600.3 497.8 638.5 523.3 369.0 102.5 115.3 1. Conceptually, sales by U.S. affiliates to other U.S. affiliates of the same foreign parent should be subtracted, but information on these sales is unavailable. However, because U.S. affiliates are generally required to report to BEA on a fully consolidated basis, most such sales are eliminated through consolidation and the remaining amounts are thought to be immaterial. 244.7 231.7 13.0 99.4 93.9 5.5 145.3 137.8 7.5 38.7 36.0 279.6 208.7 192.0 188.7 281.8 241.8 186.0 262.3 982.3 1,001.7 1,037.6 1,113.3 1,182.4 1,256.6 1,355.6 1,407.1 163.6 206.4 193.0 182.1 176.0 220.6 200.6 818.7 1,050.2 1,135.0 920.3 855.5 825.7 105.9 -22.0 -16.5 3.2 -5.5 82.6 675.7 117.6 558.1 58.3 58.2 4.1 n.a. Imports of goods and services, total Goods, balance of payments basis (IT table 1, line 20) Services (IT table 1, line 21) From unaffiliated foreigners Goods Services From affiliated foreigners Goods Services From foreign affiliates of U.S. companies Goods Services From foreign parent groups of U.S. affiliates Goods Services 127.1 342.2 238.4 103.8 147.0 123.7 23.3 109.2 89.4 19.7 37.8 34.3 3.5 581.2 416.9 164.3 413.2 277.6 135.6 168.0 139.3 28.6 120.6 97.1 23.5 47.4 42.2 5.1 1,006.6 1,075.9 1,194.3 1,191.4 35.3 29.5 26.1 Other income receipts Other private receipts on U.S.-owned assets abroad (IT table 1, line 15) U.S. Government receipts (IT table 1, line 16) Compensation of employees (IT table 1, line 17) Payments resulting from imports of goods and services or sales by U.S. affiliates 291.1 219.9 71.2 196.5 136.1 60.3 94.6 83.8 10.8 65.6 56.7 8.9 29.0 27.1 1.9 650.5 -25.3 2. The sales exclude the affiliates' sales to other affiliates of their parent. For U.S. affiliates, data on sales to other affiliates are unavailable. IT International transactions n.a. Not available 47 SURVEY OF CURRENT BUSINESS January 2001 U.S. International Transactions, Third Quarter 2000 By Douglas B. Weinberg (TT'HE U.S. current-account deficit—the combinJL ed balances on trade in goods and services, income, and net unilateral current transfers—increased to $113.8 billion in the third quarter of 2000 from $105.0 billion (revised) in the second quarter (table A, chart I). 1 The increase was mostly accounted for by an increase in the deficit on goods, as imports increased more than exports, and by a decrease in the surplus on services, as services payments increased more than services receipts. In the financial account, net recorded financial inflows—the difference between changes in U.S.1. Quarterly estimates of U.S. current- and financial-account components are seasonally adjusted when statistically significant seasonal patterns are present. The accompanying tables present both adjusted and unadjusted estimates. owned assets abroad and changes in foreignowned assets in the United States—were $123.0 billion in the third quarter, down from $152.7 billion (revised) in the second. Financial inflows for foreign-owned assets in the United States decreased more than financial outflows for U.S.owned assets abroad. The statistical discrepancy—errors and omissions in recorded transactions—was a negative $9.4 billion in the third quarter and a negative $47.9 billion in the second. The following are highlights for the third quarter of 2000: • Exports of goods increased strongly for the second consecutive quarter. • Petroleum imports increased in value for the Table A.—Summary of U.S. International Transactions [Millions of dollars, seasonally adjusted] Line Exports of goods and services and income receipts (1) Goods, balance of payments basis (3) Services(4) Income receipts (12) 1,232,407 684,358 271,884 276,165 Imports of goods and services and income payments (18) Goods, balance of payments basis (20) Services (21) Income payments (29) -1,515,861 -1,029,917 -191,296 -294,648 r p Revised. Preliminary. 71,115 324,612 180,085 69,568 74,959 2,751 -441,685 -3,500 Memoranda: Balance on current account (76) Net financial flow (40 and 55) 313,084 173,881 -430,187 8,747 Capital account transactions, net (39) . Statistical discrepancy (sum of above items with sign reversed) (70) 300,994 166,443 67,854 66,697 -406,575 -276,318 -49,615 -80,642 -48,025 Foreign-owned assets in the United States,net (increase/ financial inflow (+)) (55) Foreign official assets in the United States, net (56) Other foreign assets in the United States, net (63) 293,717 163,949 66,372 63,396 -349,513 -368,439 -391,337 -236,973 -250,427 -266,199 -46,024 -47,170 -48,488 -70,842 -76,650 -66,516 -11,537 -11,396 -10,831 171 165 157 Unilateral current transfers, net (35) .... U.S.-owned assets abroad, net (increase/ financial outflow (-)) (40) U.S. official reserve assets, net (41) U.S. Government assets, other than official reserve assets, net (46) U.S. private assets, net (50) 2000 1999 Lines in tables 1 and 10 in which transactions are included are indicated in () (Credits +; debits - ) 336,854 183,728 72,249 80,877 353,622 191,783 74,186 87,653 Change: 2000 ll-lll 361,467 200,385 74,272 86,810 -426,335 ^46,323 -462,488 -289,566 -302,014 -315,801 -51,528 -52,553 -55,359 -85,241 -91,756 -91,328 -14,260 -12,024 -12,270 -12,752 -3,993 166 170 165 -21,555 -170,842 -122,909 1,951 4,068 1,159 -114,882 1,569 -178,958 -554 -92,424 2,020 -77,204 -346 -392 -686 118 -25,741 -171,609 -124,174 3,711 -120,162 -131 -178,273 -574 -93,870 7,845 8,602 86 -843 January-September Change: 1999-2000 2000 907,795 504,273 202,314 201,208 1,051,943 575,896 220,707 255,340 144,148 71,623 18,393 54,132 -16,165 -1,109,289 -1,335,146 -13,787 -753,599 -907,381 -2,806 -141,682 -159,440 428 -214,008 -268,325 -225,857 -153,782 -17,758 -54,317 -33,764 -37,046 493 501 15,220 -2,366 -315,306 7,178 -348,586 1,120 -33,280 -6,058 110 -76,968 684 16,902 -960 -321,524 -595 -349,111 365 -27,587 -482 -3,282 753,564 102,780 272,008 194,210 184,567 236,535 245,149 200,169 -44,980 568,998 681,853 112,855 42,864 4,274 -1,096 12,191 27,495 22,015 6,346 11,625 5,279 15,369 39,986 24,617 214,520 238,803 188,544 -50,259 553,629 641,867 88,238 43,762 -47,924 -9,357 38,567 -18,927 -13,519 5,408 -96,223 -101,505 -104,971 -113,773 57,577 152,725 122,965 69,685 -8,802 -29,760 -235,258 253,692 -320,249 333,267 -84,991 79,575 710,700 98,506 273,104 182,019 157,072 11,602 -14,755 -22,349 18,177 30,531 -331,479 323,377 -66,627 81,225 -78,982 101,166 -89,649 71,301 48 • January 2001 SURVEY OF CURRENT BUSINESS sixth consecutive quarter; the third-quarter increase was attributable to a continued rise in petroleum prices. • Both receipts and payments of income decreased after increasing strongly for five consecutive quarters. • Net foreign purchases of U.S. corporate bonds increased to a record level, and net foreign purchases of U.S. stocks rose sharply. • Net financial inflows for foreign direct investment in the United States fell sharply, but nonetheless remained very strong. U.S. dollar in exchange markets In the third quarter, the U.S. dollar appreciated 2 percent on a nominal, trade-weighted quarterly average basis against the group of seven major cur- CHART 1 U.S. Current-Account Balance and Its Components rencies that are widely traded in international markets (table B, chart 2). The U.S. dollar appreciated 3 percent against the euro; since the euro's inception in January 1999, the dollar has appreciated 24 percent on a quarterly average basis. In the third quarter, the dollar appreciated steadily for most of the quarter, boosted by indications that the U.S. economy was growing moderately and that core U.S. inflation was not accelerating despite a continued increase in oil prices. U.S. monetary authorities left the Federal funds rate unchanged in the quarter after raising the rate 175 basis points to 6.5 percent from June 1999 to May 2000. The dollar was also boosted by indications that euro-area inflation might be accelerating, which prompted the European Central Bank to increase the interest rate on short-term refinancing operations to 4.5 percent. The euro depreciated sharply in the first 2 weeks of September; in response, monetary authorities in the euro area, the United States, Japan, the United Kingdom, and Canada intervened in currency markets on September 22 by purchasing euros, Billion $ 40 CHART 2 Nominal Indexes of Foreign Currency Price of the U.S. Dollar January 1999=100 120 70 1993 94 95 96 97 98 Seasonally adjusted US. Department of Commerce, Bureau of Economic Analysis 99 2000 1996 1997 y 1998 1999 2000 Note.-See table Bfordetritions of the indexes. Monthly average rates. Data: Federal Reserve Board. Indexes rebased by BEA. U.S. Department of Commerce, Bureau of Economic Analysis SURVEY OF CURRENT BUSINESS and as a result, the euro regained some of its lost value by the end of quarter. The U.S. dollar appreciated 1 percent against the yen amid uncertainty about Japanese economic conditions. In response to some indications that the Japanese economy was gaining strength, Japanese monetary authorities increased the overnight call rate to 0.25 percent in mid-August from the near-zero rate that had prevailed for more than a year. Thereafter, concerns arose that the tightening of monetary policy might hinder the recovery of the Japanese economy. Against other currencies, the U.S. dollar appreciated 4 percent against the British pound and 2 percent against the Swiss franc; since the beginning of the year, the dollar has appreciated 10 percent against the pound and 11 percent against the Swiss franc. The U.S. dollar was unchanged against the Canadian dollar, and it depreciated 2 percent against the Mexican peso. Current Account January 2001 49 ports increased more than exports. Exports.—Exports increased $8.6 billion, or 4 percent, to $200.4 billion in the third quarter. Quantities increased 4 percent, and prices were unchanged (table C).2 The value of both agricultural products and nonagricultural products increased. The value of exports has increased 22 percent since the first quarter of 1999 (chart 3). The increase, which was almost entirely accounted for by rising quantities, was propelled mostly by capital 2. Quantity (real) estimates are calculated using a chain-type Fisher formula with annual weights for all years and quarterly weights for all quarters. Real estimates are expressed as chained (1996) dollars. Price indexes (1996=100) are also calculated using a chain-type Fisher formula. Revisions to the Second-Quarter 2000 Estimates As a result of incorporating newly available, more complete source data, the international transactions accounts estimates for the second quarter of 2000 are revised from the preliminary estimates that were published in the October 2000 SURVEY OF CURRENT BUSINESS. Goods and services The deficit on goods and services increased to $96.5 billion in the third quarter from $88.6 billion in the second. The increase was accounted for by an increase in the deficit on goods and a decrease in the surplus on services. Goods.—The deficit on goods increased $5.2 billion, to $115.4 billion, in the third quarter. Im- The current-account deficit for the second quarter was revised to $105.0 billion from $106.1 billion. The goods deficit was unrevised at $110.2 billion, the services surplus was revised to $21.6 billion from $21.0 billion, the deficit on income was revised to $4.1 billion from $4.5 billion, and net unilateral current transfers were unrevised at a negative $12.3 billion. Net recorded financial inflows were revised to $152.7 billion from $149.1 billion. Table B.—Indexes of Foreign Currency Price of the U.S. Dollar [January 1999=100] 1999 2000 1999 Sept. Nominal:2l Broad Major Other Real: l 2 Broad Major Other 2000 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 104.8 108.2 100.7 105.9 110.3 100.6 June July Aug. Sept. 103.7 105.4 101.6 104.1 106.4 101.2 104.8 108.1 100.7 106.0 109.8 101.4 105.2 107.8 101.9 105.6 109.0 101.5 106.2 110.7 100.7 107.2 112.5 101.0 currencies3 important trading partners 4 . 101.7 103.0 100.1 100.7 101.0 100.4 101.6 103.2 99.5 103.7 106.2 100.6 105.0 108.1 101.1 101.1 101.3 100.8 100.6 100.2 101.2 100.8 101.2 100.3 100.8 101.6 99.8 100.7 101.5 99.79 102.0 103.9 9.79 102.0 104.2 9.29 102.6 104.9 currencies3 important trading partners4 . 102.1 103.6 100.3 101.0 102.0 99.9 102.2 105.0 98.7 105.0 108.4 100.7 106.3 110.7 101.1 101.5 102.0 100.7 100.9 101.1 100.7 101.1 102.3 99.7 101.1 102.6 99.2 101.0 102.9 98.7 102.4 105.6 103.1 106.4 99.1 103.8 107.2 95.6 97.4 97.6 97.2 97.2 96.6 96.9 95.3 95.5 96.1 96.7 98.4 97.2 97.3 97.6 97.8 111.7 101.2 111.3 92.1 93.5 126.6 117.5 102.7 117.6 94.4 92.8 117.4 124.2 107.6 120.9 94.2 94.6 119.2 128.3 111.8 123.3 95.1 92.3 120.1 110.4 101.5 110.1 94.3 92.2 125.6 108.3 99.6 107.5 93.5 94.5 130.2 112.2 101.8 112.2 92.4 93.0 127.7 114.6 102.3 114.3 90.5 93.1 122.0 114.4 100.6 114.8 92.9 93.7 119.4 117.9 103.1 118.0 96.6 93.1 117.5 120.2 104.4 120.1 93.8 91.7 115.2 122.7 104.3 120.2 93.2 92.8 117.0 128.0 109.3 124.1 95.6 93.9 120.9 121.9 109.3 118.5 93.7 97.1 119.7 123.5 109.4 119.2 95.5 93.0 118.9 128.1 110.8 123.8 95.4 91.5 119.6 133.3 115.1 126.9 94.3 92.4 121.7 Selected currencies: (nominal)5 Canada European currencies: Euro area 6 United Kingdom Switzerland Japan Mexico Brazil 97.8 110.5 103.0 110.2 99.8 92.5 123.2 1. For more information on the nominal and real indexes of the foreign exchange value of the U.S. dollar, see Federal Reserve Bulletin, vol. 84 (October 1998): 811-18. 2. Weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of U.S. trading partners, including the currencies of the euro-area countries, Australia, Canada, Japan, Sweden, Switzerland, United Kingdom, Argentina, Brazil, Chile, Colombia, Mexico, Venezuela, China, Hong Kong, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, Israel, Saudi Arabia, and Russia. Data: Federal Reserve Board. Monthly and quarterly average rates. Index rebased by BEA. 3. Weighted average of the foreign exchange value of the U.S. dollar against broad-index currencies that circulate widely outside the country of issue, including the currencies of euro-area countries, Australia, Canada, Japan, Sweden, Switzerland, and the United Kingdom. The weight for each currency is its broad-index weight divided by the sum of the broad-index weights for all of the currencies included in the major currency index. Data: Federal Reserve Board. Monthly and quarterly average rates. Index rebased by BEA. 4. Weighted average of the foreign exchange value of the U.S. dollar against broad-index currencies that do 9.6 not circulate widely outside the country of issue, including the currencies of Argentina, Brazil, Chile, Colombia, Mexico, Venezuela, China, Hong Kong, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand, Israel, Saudi Arabia, and Russia. The weight for each currency is its broad-index weight divided by the sum of the broad-index weights for all of the currencies included in the other important trading partners index. Data: Federal Reserve Board. Monthly and quarterly average rates. Index rebased by BEA. 5. Data: Federal Reserve Board. Monthly and quarterly average rates. Indexes prepared by BEA. 6. The euro area includes Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain. Exchange rates (but not index values with January 1999=100) for the individual euro-area currencies can be derived from the euro exchange rate by using the fixed conversion rates (in currencies per euro) as shown below: 13.7603 Austrian schillings; 40.3399 Belgian francs; 5.94573 Finnish markkas; 6.55957 French francs; 1.95583 German marks; .787564lrish pounds; 1936.27 Italian liras; 40.3399 Luxembourg francs; 2.20371 Netherlands guilders; 200.482 Portuguese escudos; 166.386 Spanish pesetas. 50 SURVEY OF CURRENT BUSINESS January 2001 goods, which contributed 11 percentage points to the rise, and by industrial supplies and materials, which contributed 6 percentage points. Through the first quarter of 1999, exports had decreased in five out of six quarters, partly because of financial crises and sharply falling demand in some foreign countries. In the third quarter of 2000, nonagricultural exports increased $7.8 billion, or 4 percent, to $186.4 billion; quantities increased 4 percent, and prices were unchanged. Most of the increase in value was attributable to a rise in capital goods, reflecting strong increases in most capital goods commodities; the largest increases were in semiconductors, in other industrial, agricultural, and service industry machinery, and in computers, peripherals, and parts. Nonagricultural industrial supplies and materials rebounded, mostly as a result of increases in chemicals and in energy products. Consumer goods accelerated as a result of a rebound in durable goods, and automotive products edged higher. Agricultural exports increased $0.8 billion, or 6 percent, to $14.0 billion; quantities increased 9 percent, and prices decreased 3 percent. In value, most of the increase was accounted for by increases in soybeans, in meat products and poultry, and in vegetables, fruits, nuts, and preparations. Imports.—Imports increased $13.8 billion, or 5 percent, to $315.8 billion in the third quarter. Quantities increased 3 percent, and prices increased 2 percent (table C). The value of both petroleum products and nonpetroleum products increased. Since the first quarter of 1999, the value of imports has increased 33 percent, the largest increase over six quarters since the mid-1980's. Largely as a result of rapidly rising petroleum prices, imports of petroleum products tripled, and they contributed 9 percentage points to the increase in total imports. Nonpetroleum products also rose strongly, and in contrast to petroleum products, the increase resulted almost entirely from rising quantities. Capital goods contributed 9 percentage points to the increase in total imports, consumer goods contributed 6 percentage points, nonpetroleum industrial supplies and materials contributed 4 percentage points, and automotive products contributed 4 percentage points. In the third quarter of 2000, nonpetroleum imports increased $11.4 billion, or 4 percent, to $284.1 billion; quantities increased 4 percent, and prices were unchanged. In value, most major commodity categories increased strongly. The increase in capital goods was largely attributable to a surge in semiconductors, to a strong rise in computers, peripherals, and parts, and to a sizable increase in civilian aircraft, engines, and parts. Nonpetroleum industrial supplies and materials rebounded, partly as a result of a step-up in chemicals and of increases in nonferrous metals and in paper and paper base stocks. Automotive products accelerated as a result of a strong increase in passenger cars, and consumer goods slowed sharply. Table C—U.S. Trade in Goods, Current and Chained (1996) Dollars, and Percent Changes from Previous Period [Balance of payments basis, millions of dollars, quarterly estimates seasonally adjusted] Chained (1996) dollars 1 Current dollars 1999 1998 2000 1999 I II 2000 1999 1998 IIr I IV III 1999 684,358 163,949 166,443 173,881 180,085 183,728 191,783 200,385 49,619 11,711 12,236 13,178 12,494 13,126 13,197 13,951 634,739 152,238 154,207 160,703 167,591 170,602 178,586 186,434 711,246 62,549 648,364 II I III" III IV IIr I III" 736,199 176,669 179,550 187,170 192,810 196,081 204,024 213,176 63,131 14,548 15,627 16,938 16,018 16,959 16,876 18,429 672,845 161,955 163,876 170,417 176,597 179,204 187,001 194,608 Exports Agricultural products Nonagricultural products ... 670,324 53,105 617,219 Imports Petroleum and products .... Nonpetroleum products 917,178 1,029,917 236,973 250,427 266,199 276,318 289,566 302,014 315,801 1,017,149 1,140,418 268,069 279,807 292,848 299,694 309,035 321,634 332,772 81,418 81,498 20,023 21,339 21,017 19,119 20,431 22,037 21,719 67,807 10,532 15,940 19,903 21,432 27,010 29,265 31,688 50,903 866,275 962,110 226,441 234,487 246,296 254,886 262,556 272,749 284,113 935,464 1,056,193 247,477 257,678 271,251 279,787 287,575 298,086 310,167 Percent change from preceding period Percent change from preceding period 1999 1998 Exports Agricultural products Nonagricultural products ... Imports Petroleum and products .... Nonpetroleum products ' 1999 I II 2000 IV III 1999 III" I II 2000 III IV I III" II' -1.4 -9.1 -.7 2.1 -6.6 2.8 -3.2 -11.4 -2.4 1.5 4.5 1.3 4.5 7.7 4.2 3.6 -5.2 4.3 2.0 5.1 1.8 4.4 .5 4.7 4.5 5.7 4.4 1.8 0 2.0 3.5 .9 3.8 -2.7 -9.7 -2.1 1.6 7.4 1.2 4.2 8.4 4.0 3.0 -5.4 3.6 1.7 5.9 1.5 4.1 -.5 4.4 4.!: 9.2 4.1 4.7 -29.1 7.7 12.3 33.2 11.1 1.1 -8.5 1.6 5.7 51.3 3.6 6.3 24.9 5.0 3.8 7.7 3.5 4.8 26.0 3.0 4.3 8.3 3.9 4.6 8.3 4.2 11.3 7.0 11.6 12.1 .1 12.9 1.8 .7 1.9 4.4 6.6 4.1 4.7 -1.5 5.3 2.3 -9.0 3.1 3.1 6.9 2.8 4.1 7.9 3.7 3.5 -1.4 4.1 p Preliminary. r Revised. 1. Because chain indexes use weights of more than on e period, the corresponding chained dollar estimates are usually not additive. 1999 1998 IIr I SURVEY OF CURRENT BUSINESS Petroleum imports increased $2.4 billion, or 8 percent, to $31.7 billion. The increase was attributable to a rise in prices, to an average of $28.76 per barrel from $26.12 per barrel. Average petroleum prices have increased 177 percent since the first quarter of 1999, reaching the highest level since the fourth quarter of 1990. In the third quarter of 2000, the average number of barrels imported daily decreased to 12.08 million from 12.26 million in the second. CHART 3 Billion $ 350 - Total goods exports - Total goods imports 300 250 200 150 100 50 0 100 Goods exports I Foods, feeds, and beverages Industrial supplies and materials I Capital goods Automotive products I Consumer goods 80 60 40 20 k il k 0 120 100 Goods imports Petroleum and products • Foods, leeds. and beverages Nonpetroleum industrial supplies and materials • Capital goods Automotive products • Consumer goods 80 60 40 20 i ii HI 1Sfc9 iv i ii m 2000 Seasonally a^usted U.S. Department of Commerce, Bureau of Economic Analysis Balances by area.—The deficit on goods with China increased $5.1 billion, to $24.6 billion, the largest deficit with any single country.3 The deficit with Asia excluding China and Japan increased $3.0 billion, to $27.7 billion. In contrast, the deficits with several other areas and countries decreased. The deficit with "Latin America and Other Western Hemisphere" decreased $1.9 billion, to $8.7 billion, largely as a result of a decline in the deficit with Mexico and a rise in the surplus with Brazil. The deficit with Japan decreased $1.3 billion, to $19.8 billion. Services.—The surplus on services decreased $2.7 billion, to $18.9 billion, in the third quarter. Receipts edged up to $74.3 billion from $74.2 billion, and payments increased to $55.4 billion from $52.6 billion. Travel receipts increased to $21.6 billion from $21.4 billion. The increase was more than accounted for by an increase in receipts from overseas visitors to the United States. Travel payments increased to $16.7 billion from $16.0 billion. The increase was largely attributable to an increase in payments by U.S. travelers to countries overseas. "Other" transportation receipts increased to $7.6 billion from $7.4 billion, mostly as a result of an increase in freight receipts. "Other" transportation payments increased to $10.5 billion from $9.9 billion as a result of an increase in freight payments. The sizable increases in "other" transportation payments over the past six quarters have partly reflected the strong increases in the volume of U.S. goods imports. In addition, freight payments have been boosted in the last three quarters by increases in ocean freight rates. Receipts for "other" private services decreased to $26.3 billion from $26.5 billion as a result of a decline in affiliated services receipts. In unaffiliated services, increases in receipts for most types of services more than offset a drop in receipts for financial services. Payments for "other" private services increased to $13.3 billion from $12.9 billion, mostly as a result of a rise in net insurance payments, which are premiums paid less losses recovered. U.S. Goods Exports and Imports 120 January 2001 w 3. Seasonally adjusted estimates for exports for areas and countries are derived by applying seasonal factors for total U.S. agricultural and nonagricultural exports to the unadjusted agricultural and nonagricultural exports for areas and countries and then summing the seasonally adjusted estimates. Seasonally adjusted estimates for imports for areas and countries are derived by applying seasonal factors for total U.S. petroleum and nonpetroleum imports to the unadjusted petroleum and nonpetroleum imports for areas and countries and then summing the seasonally adjusted estimates. (The seasonal factors are derived from the seasonal adjustment of U.S. exports and U.S. imports by five-digit end-use commodity category.) 51 52 • January 2001 SURVEY OF CURRENT BUSINESS Income The deficit on income increased to $4.5 billion in the third quarter from $4.1 billion in the second. Income receipts decreased to $86.8 billion from $87.7 billion, and income payments decreased to $91.3 billion from $91.8 billion. Investment income,—Receipts of investment income on U.S.-owned assets abroad decreased to $86.2 billion from $87.1 billion, and payments of investment income on foreign-owned assets in the United States decreased to $89.4 billion from $89.8 billion. Receipts of income on U.S. direct investment abroad decreased to $37.3 billion from $37.9 billion. The decrease was attributable to declines in earnings of foreign affiliates in manufacturing and in "other" industries. The largest declines were in earnings of Canadian affiliates in transportation equipment manufacturing and in earnings of Western European affiliates in transportation equipment manufacturing and in finance, where lower earnings may have partly reflected the depreciation of the euro and of the British pound against the U.S. dollar. In contrast, earnings of petroleum affiliates continued to increase strongly as a result of rising petroleum prices. Interest receipts edged up. Payments of income on foreign direct investment in the United States decreased to $15.8 billion from $18.9 billion. The large decrease, which followed two quarters of large increases, was mostly attributable to a decline in earnings of manufacturing affiliates. Earnings of continental Western European-owned manufacturing affiliates dropped the most as a result of shifts to losses and of increased losses for some large affiliates. Earnings of affiliates in "other" industries also decreased, largely as a result of a decline in earnings of depository institutions. "Other" private income receipts increased to $48.1 billion from $47.9 billion. Increases in receipts on bank and on nonbank claims, mostly as a result of a rise in average yields, more than offset a decrease in receipts on foreign securities. "Other" private income payments increased to $46.2 billion from $44.0 billion. Increases in payments on bank and on nonbank liabilities reflected rises in average holdings and in average yields. An increase in payments on U.S. securities reflected a rise in average holdings. U.S. Government income receipts decreased to $0.8 billion from $1.2 billion. U.S. Government income payments increased to $27.4 billion from $26.9 billion. Unilateral current transfers Unilateral current transfers were net outflows of $12.8 billion in the third quarter, up from net outflows of $12.3 billion in the second. The increase was almost entirely accounted for by increases in U.S. Government grants and in private remittances and other transfers. Capital Account Capital account transactions were unchanged at net inflows of $0.2 billion in the third quarter. Financial Account Net recorded financial inflows—the difference between changes in U.S.-owned assets abroad and changes in foreign-owned assets in the United States—were $123.0 billion in the third quarter, down from $152.7 billion (revised) in the second. Financial inflows for foreign-owned assets in the United States decreased more than financial outflows for U.S.-owned assets abroad. Net inflows for foreign direct investment in the United States and net foreign purchases of U.S. securities other than U.S. Treasury securities remained very strong (chart 4). These inflows CHART 4 Billion $ 300 • Foreign direct investment in the United States U.S. securities other than U.S. Treasury securities • Other foreign-owned assets in the United States Financial inflows - ! ii'iiiliiiililjii Financial outflows - -50 I I i 1992 1993 1994 1995 1996 1997 1998 1999 2000 U.S.DepartmemofConmerc^ SURVEY OF CURRENT BUSINESS accounted for 92 percent of total financial inflows for foreign-owned assets in the United States, and since the fourth quarter of 1998, they have accounted for more than 75 percent of total inflows. Net inflows for foreign direct investment in the United States have been boosted by numerous large-sized acquisitions of U.S. companies by foreign companies, partly reflecting the high profitability of U.S. companies, global consolidation in some industries, and the rapidly changing technology environment. Net foreign purchases of U.S. securities other than U.S. Treasury securities have been supported by the favorable economic environment in the United States over most of the period—including strong economic growth, low inflation, and higher U.S. interest rates relative to foreign interest rates. 53 January 2001 reserve position in the International Monetary Fund (IMF) decreased, reflecting net foreign repayments of U.S. dollars to the IMF. U.S.-owned assets abroad Net U.S.-owned assets abroad increased $77.2 billion in the third quarter, following an increase of $92.4 billion in the second. The slowdown was accounted for by a decrease in U.S. claims on foreigners reported by U.S. nonbanks after a large second-quarter increase and by slowdowns in net U.S. purchases of foreign securities and in net outflows for U.S. direct investment abroad. In contrast, claims on foreigners reported by U.S. banks increased after a second-quarter decrease. U.S. official reserve assets.—Net U.S. official reserve assets increased $0.3 billion in the third quarter, in contrast to a decrease of $2.0 billion in the second (table D). The third-quarter increase was more than accounted for by an increase in U.S. holdings of foreign currencies, reflecting U.S. intervention purchases of euros, and by an increase in U.S. holdings of special drawing rights. The U.S. Claims reported by banks and by nonbanks.—U.S. claims on foreigners reported by U.S. banks increased $11.4 billion in the third quarter, in contrast to a decrease of $18.3 billion in the second. Banks' own claims increased for the sixth consecutive quarter. In the third quarter, banks' own claims payable in dollars increased $22.5 billion, following an increase of $12.0 billion. The third-quarter increase was more than accounted for by bank lending to offices abroad, partly reflecting strong foreign demand for U.S. dollar funds to finance mergers and acquisitions and nonmerger-related purchases of U.S. corporate stocks and bonds. Foreign-owned banks in the United States were the largest lenders, providing substantial funds to their own offices in the Caribbean and, to a lesser extent, in Western Europe. U.S.-owned bank lending was small. Banks' claims on other private foreigners decreased after a large increase; the third-quarter decrease was mostly attributable to repayments from investment funds in the Caribbean to U.S. securities brokers and dealers. Banks' domestic customers' claims payable in dollars decreased $11.0 billion, following a decrease of $27.4 billion. In the third quarter, a second consecutive large decrease in deposits abroad more than offset a surge in foreign commercial paper outstanding in the United States. Claims reported by U.S. nonbanking concerns decreased $0.9 billion after increasing $36.5 billion. The decrease, which followed six strong quarterly increases, was attributable to a decline in deposits abroad. Table D—Selected Transactions with Official Agencies [Millions of dollars] 1999 2000 1999 I Changes in foreign official assets in the United States, net (decrease - ) (table 11 line 56) Industrial countries Members of OPEC 2 Other countries Changes in U.S. official reserve assets, net (increase - ) (table 1, line 41) p Preliminary. r Revised. 1. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. II 42,864 31,119 1,331 10,414 4,274 3,342 2,155 -1,223 -1,096 1,314 1,632 -4,042 8,747 4,068 1,159 III IV I II' III^ Change: 2000 ll-lll January-September 1999 2000 Change: 1999-2000 12,191 13,988 -783 -1,014 27,495 12,475 -1,673 16,693 22,015 12,416 6,109 3,490 6,346 13,698 1,913 -9,265 11,625 -3,499 3,450 11,674 5,279 -17,197 1,537 20,939 15,369 18,644 3,004 -6,279 39,986 22,615 11,472 5,899 24,617 3,971 8,468 12,178 1,951 1,569 -554 2,020 -346 -2,366 7,178 1,120 -6,058 2. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries. Excludes Ecuador beginning January 1993 and Gabon beginning January 1995. 54 January 2001 SURVEY OF CURRENT BUSINESS Foreign securities.—Net U.S. purchases of foreign securities were $30.4 billion in the third quarter, down from $38.2 billion in the second. Net U.S. purchases of foreign stocks were $12.5 billion, down from $45.0 billion, and transactions in foreign bonds shifted to net U.S. purchases of $17.9 billion from net U.S. sales of $6.8 billion. The decrease in net U.S. purchases of foreign stocks was attributable to a sharp slowdown in merger-related exchanges of stock. Nonmerger-related transactions in foreign stocks shifted to net U.S. purchases from net U.S. sales. U.S. investors have made minimal net purchases or have made net sales of non-Japanese foreign stocks since the fourth quarter of 1997, but in recent quarters, net purchases of some of these stocks have increased. In the third quarter of 2000, transactions in Western European stocks shifted to net U.S. purchases, largely as a result of strong net purchases early in the quarter when most Western European stock markets rose. Net U.S. sales to Japan were less than half of large second-quarter net sales, and net U.S. purchases from Canada picked up. The shift to net U.S. purchases of foreign bonds was supported by a decline in volatility in international bond markets, which were unsettled in the second quarter. In the third quarter, new foreign issues in the United States surged, partly as a result of increased placements by borrowers from Western Europe, particularly those in the telecommunications industry. New issues by Latin American borrowers also increased sharply, despite a slowdown in emerging market placements in September when U.S. investors became more concerned about creditworthiness. Transactions in outstanding foreign bonds shifted to net U.S. purchases from net U.S. sales, largely as a result of substantial net U.S. purchases from the United Kingdom. Direct investment.—Net financial outflows for U.S. direct investment abroad were $36.1 billion in the third quarter, down from $37.5 billion in the second. The decrease was more than accounted for by a decline in net equity capital outflows that resulted from a greater pickup in divestitures of existing foreign affiliates than in acquisitions of new foreign affiliates. The acquisitions included U.S. purchases of financial companies in Western Europe and technology companies in several geographic areas. In contrast, reinvested earnings increased, and net inflows for intercompany debt slowed. Foreign-owned assets in the United States Net foreign-owned assets in the United States increased $200.2 billion in the third quarter, following an increase of $245.1 billion in the second. The slowdown was attributable to a sharp drop in net inflows for foreign direct investment in the United States and to much smaller increases in U.S. liabilities reported by U.S. banks and by U.S. nonbanking concerns in the third quarter than in the second. In contrast, net foreign purchases of U.S. securities other than U.S. Treasury securities stepped up, and net foreign sales of U.S. Treasury securities slowed. Foreign official assets.—Net foreign official assets in the United States increased $11.6 billion in the third quarter, following an increase of $6.3 billion in the second (table D). The third-quarter increase was largely accounted for by increases in the assets of several large developing countries. Assets of industrial countries decreased, perhaps partly reflecting intervention sales of dollars for euros by some foreign official agencies. Liabilities reported by banks and by nonbanks.— U.S. liabilities to foreigners reported by U.S. banks, excluding U.S. Treasury securities, increased $14.0 billion in the third quarter, following an increase of $46.9 billion in the second. Banks' own liabilities increased for the sixth consecutive quarter. Banks' own liabilities payable in dollars increased $16.0 billion in the third quarter, following an increase of $54.5 billion in the second. The slowdown was more than accounted for by a decrease in U.S.-owned banks' liabilities to their own offices abroad after a very large second-quarter increase. The decrease partly reflected a slowdown in bank lending in the United States that reduced the demand for funds from abroad. In contrast, liabilities of foreign-owned banks in the United States increased, partly as a result of borrowing to support foreign-owned bank lending to offices abroad. Liabilities to other private foreigners increased, mostly as a result of an increase in liabilities to international bond funds in Western Europe. Banks' custody liabilities payable in dollars decreased $4.3 billion, following a decrease of $1.9 billion. The third-quarter decrease was largely accounted for by a decrease in custody liabilities to investors in the Caribbean. Liabilities reported by U.S. nonbanking con- SURVEY OF CURRENT BUSINESS cerns increased $2.6 billion, following an increase of $24.0 billion. The third-quarter increase was attributable to borrowing by nonbank financial intermediaries. U.S. Treasury securities.—Net foreign sales of U.S. Treasury securities decreased to $12.6 billion in the third quarter from $20.6 billion in the second. Yields on long-term U.S. Treasury securities declined for most of the third quarter amid growing expectations that the U.S. economy was slowing and that U.S. monetary policy would not be further tightened. The decrease in net foreign sales was largely accounted for by a decline in net sales by Western European investors. In contrast, net sales by Asian investors and by investment funds in the Carribean increased. Foreigners have been net sellers of U.S. Treasury securities in six of the last seven quarters, as they shifted some funds into higher yielding U.S. corporate debt securities and U.S. stocks. Other U.S. securities.—Net foreign purchases of U.S. securities other than U.S. Treasury securities increased to $118.9 billion in the third quarter from $87.1 billion in the second. Net foreign purchases of U.S. stocks rose sharply, and net foreign purchases of U.S. bonds increased to a record level. Net foreign purchases of U.S. stocks were $46.8 billion, up from $26.3 billion. Net foreign purchases over the first three quarters of 2000 have been exceptionally strong, surpassing the record annual total for 1999 by 36 percent. In the third quarter, net foreign purchases were largest in August, when U.S. stock prices rose considerably as a result of indications that the U.S. economy was growing moderately and that inflation was not accelerating. By area, the increase in net foreign purchases was largely accounted for by a shift to net purchases from large net sales by investment funds in the Caribbean. Transactions by Japanese investors also shifted to net purchases from net sales, and net purchases by Western European investors increased. Net foreign purchases of U.S. corporate and other bonds increased to a record $72.1 billion from $60.8 billion. Net foreign purchases of U.S. federally sponsored agency bonds increased to a record level. U.S. agencies boosted their debt issuance in international markets, partly as a result of a decline in the risk premium on their debt after a sharp second-quarter rise. New issues sold abroad by U.S. corporations stepped up, partly in response to a decline in long-term interest rates for highly rated borrowers. New issues in euros nearly doubled, surpassing new issues in U.S. dollars for the first time. U.S. currency flows.—Net U.S. currency shipments from the United States to foreign countries decreased to $0.8 billion in the third quarter from $1.0 billion in the second. Net U.S. currency shipments were restrained by the absence of new or worsening political and economic crises abroad that often boost such shipments. Direct investment.—Net financial inflows for foreign direct investment in the United States were $64.9 billion in the third quarter, down from $100.3 billion in the second. Net equity capital inflows fell sharply in the absence of the exceptionally large acquisitions of U.S. companies that had occurred in the second quarter, but these inflows remained strong as a result of numerous, large third-quarter acquisitions in manufacturing and in "other" industries, such as telecommunications and insurance. Net intercompany debt inflows slowed, and reinvested earnings decreased, largely as a result of a decline in earnings. Data Availability The current and historical estimates that are presented in tables l-10a of the U.S. international transactions accounts are available as compressed files on BEA's Web site at <www.bea.doc.gov>; click on "Catalog of Products," and look under "International Accounts Products," "Balance of Payments." The estimates are also available from BEA on the following diskettes: • U.S. International Transactions. The most recently released annual and quarterly estimates are available as a 1-year subscription (four installments)—product num- January 2001 ber IDS-0001, price $80. The subscription also includes the diskette of the historical series estimates (see below). • U.S. International Transactions, Third Quarter 2000. Annual estimates for 1999 and quarterly estimates for 1999:1-2000:111 on a single diskette—product number IDN-0276, price $20. • U.S. International Transactions, Historical Series. All the available historical annual and quarterly estimates on a single diskette—product number IDN-0261, price $20. To order, call the BEA Order Desk at 1-800-704-0415 (outside the United States, call 202-606-9666). Tables 1 through 10 follow. 51 55 56 • January 2001 SURVEY OF CURRENT BUSINESS Table 1.—U.S. International Transactions [Millions of dollars] Not seasonally adjusted (Credits +; debits - ) ' 1999 2000 2000 Current account 1,232,407 301,400 310,234 329,184 335,995 353,294 956,242 234,416 239,133 254,892 254,449 265,506 Goods, balance of payments basis2 684,358 168,279 166,831 185,724 184,593 193,191 Services3 Transfers under U.S. military agency sales contracts4 271,884 16,334 66,137 4,561 72,302 3,944 69,168 3,589 69,856 3,574 72,315 3,699 Travel Passenger fares Other transportation 74,881 19,776 27,033 18,569 4,756 6,693 21,908 5,760 7,079 18,620 4,794 7,056 Royalties and license fees5 Other private services5 U.S. Government miscellaneous services 36,467 96,508 885 8,889 22,446 223 9,007 24,365 239 9,710 25,179 220 276,165 273,957 118,802 151,958 3,197 66,984 66,436 29,228 36,535 673 548 71,101 70,542 31,246 38,449 847 74,292 73,726 31,044 41,970 712 Exports of goods and services and income receipts Exports of goods and services Income receipts Income receipts on U.S.-owned assets abroad Direct investment receipts Other private receipts U.S. Government receipts Compensation of employees Imports of goods and services and income payments . 2,208 -1,515,861 559 566 -397,633 -409,741 -1,221,213 -298,247 -320,955 -329,276 -1,029,917 -191,296 -13,650 -249,586 -48,661 -3,373 -268,507 -52,448 -3,626 -281,526 -47,750 -3,358 Travel Passenger fares Other transportation -59,351 -21,405 -34,137 -15,945 -5,655 -8,218 -18,017 -5,964 -9,185 -13,147 -5,015 -9,241 Royalties and license fees5 Other private services5 U.S. Government miscellaneous services -13,275 -46,657 -2,821 -3,150 -11,645 -675 -3,223 -11,667 -766 -3,881 -12,418 -690 -294,648 -287,059 -56,098 -135,830 -95,131 -7,589 -71,437 -69,646 -14,790 -31,701 -23,155 -1,791 -76,678 -74,696 -15,607 -34,942 -24,147 -1,982 -80,465 -78,404 -15,108 -38,136 -25,160 -2,061 -48,025 -13,774 -4,401 -29,850 -11,104 -3,097 -856 -7,151 -11,355 -2,847 -1,010 -7,498 -14,690 -5,256 -1,641 -7,793 Imports of goods and services Goods, balance of payments basis2 3 Services Direct defense expenditures Income payments Income payments on foreign-owned assets in the United States Direct investment payments Other private payments U.S. Government payments Compensation of employees Unilateral current transfers, net U.S. Government grants4 U.S. Government pensions and other transfers Private remittances and other transfers6 358,652 272,007 192,913 79,094 3,720 25,299 6,200 7,975 9,238 26,442 220 86,645 86,056 37,066 48,050 21,365 17,783 5,231 4,697 7,440 6,920 9,278 9,088 25,089 27,590 204 213 81,546 87,788 80,971 87,205 34,734 38,252 45,091 47,938 1,146 1,015 575 583 -416,801 -447,191 -468,578 -332,009 -354,899 -377,275 -284,485 -300,624 -317,524 -47,524 -54,275 -59,751 -3,450 -3,431 -3,322 -13,313 -17,404 -20,198 -6,381 -5,258 -6,909 -9,957 -10,743 -9,227 -4,411 -3,528 -3,591 -12,162 -12,797 -13,316 -714 -714 -724 -84,792 -92,292 -91,303 -82,964 -90,412 -89,297 -16,723 -19,519 -15,686 ^0,167 -43,992 -46,242 -26,074 -26,901 -27,369 -1,880 -2,006 -1,828 -12,249 -11,874 -12,832 -3,232 -2,912 -3,581 -912 -1,024 -1,087 -7,730 -8,227 -8,250 300,994 234,297 166,443 67,854 4,561 18,564 4,902 6,692 9,140 23,772 223 66,697 66,149 28,804 36,535 810 548 -368,439 -297,597 -250,427 ^7,170 -3,373 -14,718 -5,274 -8,187 -3,224 -11,719 -675 -70,842 -68,962 -14,106 -31,701 -23,155 -1,880 -11,537 -3,097 -1,074 -7,366 313,084 324,612 336,854 353,622 361,467 274,657 241,969 249,653 255,977 173,881 180,085 183,728 74,272 74,186 72,249 69,568 68,088 3,574 3,944 3,720 3,699 3,589 21,567 21,363 20,431 19,482 18,695 5,475 5,387 5,062 4,955 5,105 7,596 7,434 7,252 7,097 6,728 9,349 9,584 9,353 9,107 9,106 26,506 26,373 24,271 26,345 25,118 204 239 220 213 220 86,810 87,653 80,877 74,959 71,115 80,302 86,221 87,070 74,393 70,556 34,116 37,340 31,691 31,361 45,091 48,050 41,970 38,449 1,234 1,095 831 732 746 575 583 566 589 559 -391,337 -406,575 -426,335 -446,323 -462,488 -314,687 -325,933 -341,094 -354,567 -371,160 -266,199 -276,318 -289,566 -302,014 -315,801 -48,488 ^9,615 -51,528 -52,553 -55,359 -3,450 -3,431 -3,322 -3,626 -3,358 -14,799 -15,274 -15,837 -16,044 -16,704 -6,203 -5,944 -5,568 -5,777 -5,348 -10,461 -9,900 -9,214 -9,582 -8,953 -4,512 -3,314 -3,661 -3,590 -3,656 -11,682 -11,855 -12,706 -12,859 -13,305 -724 -714 -714 -690 -766 -76,650 -80,642 -85,241 -91,756 -91,328 -74,749 -78,712 -83,289 -89,776 -89,393 -15,660 -15,416 -17,048 -18,883 -15,782 -34,942 -38,136 -40,167 -43,992 ^6,242 -24,147 -25,160 -26,074 -26,901 -27,369 -1,952 -1,935 -1,930 -1,901 -1,980 -11,396 -14,260 -12,024 -12,270 -12,752 -2,847 -3,581 -3,232 -2,912 -5,256 -1,080 -1,129 -1,125 -1,114 -1,181 -7,469 -8,042 -7,913 -7,998 -7,823 Capital and financial account Capital account Capital account transactions, net -3,500 166 170 165 -3,993 166 170 165 -170,842 -122,909 1,159 1,951 -114,882 -178,958 -92,424 -77,204 1,569 -554 2,020 -346 165 Financial account -430,187 -172,748 -124,257 -108,555 1,159 1,951 1,569 -181,783 -554 -94,922 2,020 -78,677 8,747 10 5,484 3,253 -190 1,413 -64 -184 2,268 -133 -178 1,800 -53 -180 -237 -137 -180 2,328 -128 -182 1,300 -1,464 -190 1,413 -64 -184 2,268 -133 -178 1,800 -53 -237 -137 2,328 -128 -182 1,300 -1,464 2,751 -6,175 9,560 -634 -392 -2,167 1,887 -112 -686 -1,595 1,026 -117 3,711 -1,099 5,093 -283 -131 -1,750 1,328 291 -574 -1,235 720 -59 110 -1,052 1,263 -101 -392 -2,167 1,887 -112 -686 -1,595 1,026 -117 3,711 -1,099 5,093 -283 -131 -1,750 1,328 291 -574 -1,235 720 -59 110 -1,052 1,263 -101 ^41,685 -150,901 -128,594 -173,515 -34,864 -71,131 -125,522 -44,900 ^1,420 -113,835 -26,953 -17,150 -181,098 ^5,788 -27,236 -96,368 -39,985 -38,196 -78,441 -37,561 -30,428 -171,609 -32,958 -71,131 -124,174 ^3,552 -41,420 -120,162 -33,280 -17,150 -178,273 ^2,963 -27,236 -93,870 -37,487 -38,196 -76,968 -36,088 -30,428 -92,328 -69,862 -25,734 -41,786 -27,943 -11,259 -24,428 -45,304 -52,563 -55,511 -36,507 18,320 931 -11,383 -25,734 -41,786 -27,943 -11,259 -24,428 -45,304 -52,563 -55,511 -36,507 18,320 931 -11,383 Foreign-owned assets in the United States, net (increase/financial inflow(+j) 753,564 272,809 194,924 183,002 236,634 245,932 200,936 272,008 194,210 184,567 236,535 245,149 200,169 Foreign official assets in the United States, net U.S. Government securities U.S. Treasury securities9 Other10 Other U.S. Government liabilities11 U.S. liabilities reported by U.S. banks, not included elsewhere Other foreign official assets12 42,864 32,527 12,177 20,350 -3,255 12,692 900 -1,096 -916 -6,708 5,792 -1,099 1,436 -517 12,191 14,798 12,963 1,835 -760 -2,032 185 27,495 11,852 5,122 6,730 89 14,427 1,127 22,015 24,305 16,198 8,107 -644 -2,577 931 6,346 6,334 -4,000 10,334 -781 -111 904 11,625 5,271 -9,001 14,272 -620 6,339 635 -1,096 -916 -6,708 5,792 -1,099 1,436 -517 12,191 14,798 12,963 1,835 -760 -2,032 185 27,495 11,852 5,122 6,730 89 14,427 1,127 22,015 24,305 16,198 8,107 -644 -2,577 931 6,346 6,334 -4,000 10,334 -781 -111 904 11,625 5,271 -9,001 14,272 -620 6,339 635 710,700 275,533 -20,464 331,523 22,407 273,905 144,603 -5,407 80,838 3,057 182,733 56,277 9,639 95,620 4,697 155,507 47,825 -17,191 92,250 12,213 214,619 49,061 -9,248 132,416 -6,847 239,586 101,106 -20,597 87,107 989 189,311 65,700 -12,642 118,882 757 273,104 143,802 -5,407 80,838 3,057 182,019 55,563 9,639 95,620 157,072 49,390 -17,191 92,250 12,213 214,520 48,962 -9,248 132,416 -6,847 238,803 100,323 -20,597 87,107 188,544 64,933 -12,642 118,882 757 34,298 67,403 13,663 37,151 -8,085 24,585 792 19,618 58,061 -8,824 24,038 46,943 2,633 13,981 13,663 37,151 -8,085 24,585 792 19,618 58,061 -8,824 24,038 46,943 2,633 13,981 11,602 -20,838 27,916 24,793 -45,409 334 -22,349 -1,511 18,177 -9,739 30,531 5,738 43,762 5,724 -47,924 -2,515 -9,357 -9,691 -345,559 80,588 -264,971 -18,483 -48,025 -81,307 17,476 -63,831 -4,453 -11,104 -101,676 19,854 -81,822 -5,577 -11,355 -95,802 21,418 -74,384 -6,173 -14,690 -99,892 22,332 -77,560 -3,246 -12,249 -107,433 18,040 -89,393 -4,504 -11,874 -124,611 19,343 -105,268 -4,658 -12,832 -83,984 -63,300 -4,145 -11,537 -92,318 19,600 -72,718 -5,535 -11,396 -96,233 19,953 -76,280 -5,683 -14,260 -105,838 20,721 -85,117 -4,364 -12,024 -110,231 21,633 -88,598 -4,103 -12,270 -115,416 18,913 -96,503 ^t,518 -12,752 -331,479 -79,388 -98,754 -95,247 -93,055 -105,771 -122,758 -78,982 -89,649 -96,223 -101,505 -104,971 -113,773 U.S.-owned assets abroad, net (increase/financial outflow (-)) U.S. official reserve assets, net Gold7 Special drawing rights Reserve position in the International Monetary Fund Foreign currencies U.S. Government assets, other than official reserve assets, net U.S. credits and other long-term assets Repayments on U.S. credits and other long-term assets8 U.S. foreign currency holdings and U.S. short-term assets, net U.S. private assets, net Direct investment Foreign securities U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns .... U.S. claims reported by U.S. banks, not included elsewhere Other foreign assets in the United States, net Direct investment U.S. Treasury securities U.S. securities other than U.S. Treasury securities U.S. currency U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns U.S. liabilities reported by U.S. banks, not included elsewhere 70 70a 71 72 73 74 75 76 Statistical discrepancy (sum of above items with sign reversed) Of which seasonal adjustment discrepancy Memoranda: Balance on goods (lines 3 and 20) Balance on services (lines 4 and 21) Balance on goods and services (lines 2 and 19) Balance on income (lines 12 and 29) Unilateral current transfers, net (line 35) Balance on current account (lines 1, 18, and 35 or lines 73, 74, and 75) 13 See footnotes on page 74. -346 SURVEY OF CURRENT BUSINESS 57 January 2001 Table 2.—U.S. Trade in Goods [Millions of dollars] Seasonally adjusted Not seasonally adjusted 1999 Line I III II IV I II' 2000 1999 2000 1999 111" II I III IV \V I III/' A Balance of payments adjustments to Census trade data: EXPORTS 1 Exports of goods, Census basis including reexports and including military grant shipments1 695,797 166,605 171,596 169,868 187,728 187,286 195,319 194,787 167,030 169,760 176,917 182,090 186,422 193,912 202,259 Adjustments: 2 Private gift parcel remittances 3 Gold exports, nonmonetary 4 5 6 Inland U.S. freight to Canada U.S.-Canadian reconciliation adjustments n.e.c net2 Exports transferred under U.S. military agency sales contracts identified in Census documents3 Other adjustments, net4 7 8 . .. Equals: Exports of goods, adjusted to balance of payments basis excluding "military" (table 1, line 3) 650 160 27 27 -9,893 -2,223 -2,669 -599 166 156 168 166 160 155 160 166 156 168 166 160 155 -2,853 -630 -2,401 792 1,970 -202 -2,313 -546 -1,712 -576 -1,387 -642 27 -2,853 -630 -2,401 792 1,970 -202 -2,313 -546 -1,712 -576 -1,387 -642 2,669 -599 684,358 163,524 168,279 166,831 185,724 184,593 193,191 192,913 163,949 166,443 173,881 180,085 183,728 191,783 200,385 IMPORTS 9 Imports of goods, Census basis1 (general imports) 1,024,618 229,688 248,825 266,768 279,337 282,258 299,705 316,433 236,363 249,666 264,461 274,128 287,339 301,095 314,709 Adjustments: 10 11 12 13 14 15 Electric energy Gold imports nonmonetary Inland freight in Canada U S - C a n a d i a n reconciliation a d j u s t m e n t n e e n e t 2 Imports of U.S. military agencies identified in Census documents3 Other adjustments, net 56 16 Equals: Imports of goods, adjusted to balance of payments basis, excluding "military" (table 1 line 20) B Trade in goods, by area and country, adjusted to balance of payments basis, excluding military:7 1 Total, all countries (A-8) 48 2 727 3,654 907 12 112 925 12 1,083 888 12 1,532 934 12 1,535 999 12 162 1,006 12 439 962 907 12 112 925 12 1,083 888 12 1,532 934 12 1,535 999 12 162 1,006 12 439 962 -1,043 -87 -273 -36 -265 -23 -228 -16 -111 -12 -321 2 -264 3 -312 -10 -273 -36 -265 -23 -228 -16 -277 -12 -321 2 -264 3 -312 -10 12 12 1 029,917 230,298 249 586 268 507 281,526 284 485 300,624 317 524 236 973 250 427 266199 276 318 289 566 302 014 315 801 EXPORTS 684,358 163,524 168,279 166,831 185,724 184,593 193,191 192,913 163,949 166,443 173,881 180,085 183,728 191,783 200,385 2 3 4 5 6 7 8 9 10 11 Western Europe European Union Belgium and Luxembourg France Germany8 Italy Netherlands United Kingdom Other Western Europe, excluding EU 162,518 148,907 13,252 18,472 26,565 9,892 19,304 37,321 24,101 13,611 41,274 38,482 3,467 5,016 6,876 2,259 4,740 9,802 6,322 2,792 40,175 36,851 3,204 4,622 6,546 2,562 4,667 9,308 5,942 3,324 37,735 34,452 3,169 3,959 6,078 2,248 4,678 8,972 5,348 3,283 43,334 39,122 3,412 4,875 7,065 2,823 5,219 9,239 6,489 4,212 43,726 38,838 3,354 4,761 6,931 2,505 5,202 10,030 6,055 4,888 44,452 40,529 3,440 4,887 7,312 2,525 5,236 10,097 7,032 3,923 42,590 39,256 3,577 4,671 7,061 3,014 5,245 9,587 6,101 3,334 41,445 38,645 3,465 5,057 6,878 2,270 4,758 9,867 6,350 2,800 39,671 36,382 3,167 4,556 6,471 2,531 4,620 9,161 5,876 3,289 39,288 35,862 3,298 4,114 6,335 2,351 4,865 9,328 5,571 3,426 42,114 38,018 3,322 4,745 6,881 2,740 5,061 8,965 6,304 4,096 43,603 38,696 3,334 4,751 6,885 2,499 5,169 10,023 6,035 4,907 44,016 40,116 3,407 4,830 7,239 2,505 5,188 9,985 6,962 3,900 44,129 40,660 3,711 4,835 7,321 3,117 5,435 9,921 6,320 3,469 12 13 14 15 Canada2 Japan .... Australia, New Zealand, and South Africa9 Australia 166,533 56,352 40,167 14,460 42,840 13,319 39,734 13,515 43,792 15,058 45,587 15,366 46,714 15,612 42,092 16,012 40,290 14,444 42,356 13,252 41,304 14,160 42,583 14,496 45,380 15,212 46,318 15,621 43,567 16,739 11,664 2,525 2,757 2,958 3,424 2,960 3,274 3,008 2,540 2,722 3,072 3,330 2,963 3,239 3,121 16 Eastern Europe 5,560 1,208 1,306 1,535 1,511 1,646 1,305 1,450 1,196 1,306 1,616 1,442 1,650 1,307 1,515 17 18 19 20 21 Latin America and Other Western Hemisphere Brazil Mexico Venezuela Other 141,310 13,124 86,621 5,328 36,237 32,339 2,982 18,899 1,445 9,013 33,856 3,214 20,301 1,276 9,065 35,540 3,322 22,321 1,375 8,522 39,575 3,606 25,100 1,232 9,637 39,310 3,178 25,865 1,244 9,023 42,066 3,645 27,575 1,395 9,451 44,022 4,210 28,807 1,410 9,595 32,446 3,010 18,955 1,442 9,039 33,470 3,162 20,066 1,258 8,984 37,032 3,446 23,246 1,441 8,899 38,362 3,506 24,354 1,187 9,315 39,119 3,176 25,741 1,233 8,969 41,747 3,600 27,356 1,386 9,405 45,720 4,360 29,901 1,465 9,994 22 23 24 25 26 27 28 29 30 31 Other countries in Asia and Africa7 9 Asia 79 Members of OPEC China Hong Kong Korea, Republic of Singapore Taiwan Africa7 9 Members of OPEC 140,421 130,045 12,148 13,033 12,558 22,379 16,066 17,683 9,596 1,090 31,551 29,226 2,819 2,767 2,968 4,738 3,863 3,779 2,251 310 34,026 31,454 2,555 3,550 2,996 5,641 3,700 4,229 2,434 239 35,814 33,358 2,320 3,541 3,264 6,038 4,389 4,577 2,335 300 39,030 36,007 4,454 3,175 3,330 5,962 4,114 5,098 2,576 241 35,998 33,759 2,368 3,173 3,156 6,400 4,021 5,209 2,167 362 39,768 37,216 2,345 4,073 3,548 7,232 4,030 6,025 2,475 243 43,739 40,938 2,824 4,394 3,801 7,032 4,867 6,824 2,713 502 31,588 29,272 2,814 2,766 2,957 4,723 3,892 3,789 2,243 309 33,666 31,101 2,546 3,502 2,970 5,589 3,634 4,188 2,427 238 37,409 34,823 2,463 3,691 3,409 6,302 4,542 4,792 2,460 318 37,758 34,849 4,325 3,074 3,222 5,765 3,998 4,914 2,466 225 35,801 33,575 2,383 3,133 3,127 6,354 4,000 5,184 2,153 366 39,535 36,978 2,338 4,048 3,531 7,192 3,983 5,990 2,478 248 45,594 42,639 2,953 4,598 3,955 7,331 5,033 7,132 2,863 529 401,530 104,892 18,566 264,262 99,437 100,054 26,794 25,846 4,070 4,574 59,513 64,155 95,164 106,875 108,595 111,359 105,148 23,983 28,269 26,995 28,693 28,003 3,995 4,736 3,983 5,927 3,974 67,672 72,922 72,024 77,849 83,029 99,733 26,886 4,565 59,651 98,954 25,546 4,042 63,447 99,092 103,751 108,111 110,490 109,054 24,973 27,487 26,859 28,411 29,014 4,947 3,972 4,222 3,982 5,737 70,567 70,597 71,635 77,321 86,384 32 International organizations and unallocated Memoranda: CO CO CO CO Industrial countries7 Of which: Euro area10 Members of OPEC7 Other countries7 See footnotes on page 74. 58 • January 2001 SURVEY OF CURRENT BUSINESS Table 2.—U.S. Trade in Goods—Continued [Millions of dollars] Not seasonally adjusted 1999 1999 Seasonally adjusted 2000 1999 2000 Trade in goods, by area and country, adjusted to balance of payments basis, excluding military7—Continued: IMPORTS Total, all countries (A-16) Western Europe European Union Belgium and Luxembourg France Germany8 Italy Netherlands United Kingdom Other Western Europe, excluding EU Canada2 Japan Australia, New Zealand, and South Africaq Australia Eastern Europe Latin America and Other Western Hemisphere . Brazil Mexico Venezuela Other Other countries in Asia and Africa7 Members of OPEC China Hong Kong Korea, Republic of Singapore Taiwan Africa 79 Members of OPEC 1,029,917 230,298 249,586 268,507 281,526 284,485 300,624 317,524 236,973 250,427 276,318 289,566 302,014 315,801 214,756 194,527 9,502 25,685 55,151 22,339 8,428 38,789 34,633 20,229 48,263 44,445 2,447 5,972 12,436 5,206 1,851 8,776 7,757 3,818 52,545 48,041 2,414 6,270 13,756 5,600 1,953 9,636 8,412 4,504 54,390 49,099 2,191 6,594 13,853 5,676 2,063 9,927 8,795 5,291 59,558 52,942 2,450 6,849 15,106 5,857 2,561 10,450 9,669 6,616 58,413 52,155 2,538 7,065 14,143 5,901 2,350 10,523 9,635 6,258 59,737 54,434 2,456 7,426 14,469 6,145 2,414 10,755 10,769 5,303 60,504 54,757 2,468 6,936 15,053 6,718 2,376 10,558 10,648 5,747 49,620 45,705 2,506 6,149 12,767 5,352 1,902 9,031 7,998 3,915 52,733 48,210 2,423 6,293 13,811 5,615 1,962 9,666 8,440 4,523 53,954 48,694 2,174 6,533 13,746 5,628 2,047 9,837 8,729 5,260 58,449 51,918 2,399 6,710 14,827 5,744 2,517 10,255 9,466 6,531 59,395 53,055 2,575 7,207 14,393 6,015 2,392 10,684 9,789 6,340 60,054 54,725 2,471 7,466 14,564 6,177 2,427 10,806 10,814 5,329 60,207 54,487 2,462 6,907 14,969 6,688 2,366 10,498 10,597 5,720 201,268 130,877 47,568 31,012 50,225 30,784 49,840 33,187 53,635 35,894 57,105 34,684 58,906 36,515 56,353 36,740 48,920 31,877 50,395 30,885 49,353 32,901 52,600 35,214 58,137 35,324 59,178 36,741 56,006 36,563 5,271 1,084 1,366 1,346 1,677 1,736 1,122 1,339 1,379 1,685 1,726 11,813 2,401 3,107 2,851 3,454 4,018 3,682 4,441 2,461 3,120 2,829 3,403 4,073 3,692 4,421 11,314 110,590 11,334 35,831 37,291 2,383 24,905 1,844 8,159 41,173 2,880 27,161 2,626 8,506 44,767 3,072 28,871 3,387 9,437 45,838 2,979 29,653 3,477 9,729 49,353 3,244 31,836 4,290 9,983 52,121 3,532 34,084 4,531 9,974 54,710 3,823 35,862 4,701 10,324 38,300 2,457 25,596 1,876 8,371 41,321 2,889 27,262 2,636 8,534 44,400 3,043 28,628 3,370 9,359 45,048 2,925 29,104 3,452 9,567 50,130 3,317 32,374 4,315 10,124 52,338 3,545 34,232 4,547 10,014 54,396 3,797 35,656 4,672 10,271 296,863 279,537 24,432 81,789 10,524 31,152 18,200 35,208 16,981 6,210 62,679 59,178 4,518 16,421 2,233 6,438 4,170 7,976 3,434 1,166 70,374 66,221 5,560 19,300 2,361 7,485 4,513 8,702 4,081 1,506 82,029 77,305 6,882 23,626 3,084 8,135 4,753 9,110 4,611 1,831 81,781 76,833 7,472 22,442 2,846 9,094 4,764 9,420 4,855 1,707 79,566 73,637 7,660 19,914 2,599 8,897 4,305 9,086 5,868 2,719 87,986 80,888 8,424 23,462 2,662 9,553 4,536 10,093 7,026 3,464 103,040 95,481 9,670 29,372 3,449 10,720 5,277 10,982 7,464 3,761 64,673 4,627 17,034 2,316 6,636 4,291 8,220 3,504 1,179 70,593 66,429 5,578 19,367 2,366 7,513 4,528 8,725 4,091 1,512 81,332 76,640 6,838 23,418 3,056 8,069 4,713 9,023 4,581 1,820 80,265 75,369 7,389 21,970 2,786 8,934 4,668 9,240 4,805 1,699 81,128 75,157 7,736 20,401 2,669 9,089 4,394 9,287 5,911 2,727 81,198 8,449 23,549 2,667 9,593 4,554 10,137 7,057 3,480 102,482 94,968 9,612 29,213 3,431 10,665 5,246 10,927 7,419 3,736 557,111 144,289 41,976 430,830 129,016 33,086 7,528 93,754 136,199 35,379,692 103,695 140,123 36,547 12,100 116,284 151,773 39,282 12,656 117,097 152,885 38,447 14,669 116,931 158,523 40,413 16,419 125,682 157,032 41,256 18,132 142,360 132,662 34,025 7,682 96,629 136,664 35,500 9,726 104,037 138,889 36,250 12,028 115,282 38,514 12,540 114,882 155,594 39,132 14,778 119,194 159,352 40,635 16,476 126,186 156,196 41,055 18,020 141,585 -81,307 -101,676 International organizations and unallocated Memoranda: Industrial countries7 Of which: Euro area 10 Members of OPEC7 Other countries7 BALANCE (EXCESS OF EXPORTS +) -345,559 -66,774 -95,802 -99,892 -107,433 -124,611 -73,024 -83,984 -92,318 -96,233 -105,838 -110,231 -115,416 Western Europe European Union Belgium and Luxembourg France Germany8 Italy Netherlands United Kingdom Other Western Europe, excluding EU -52,238 -45,620 3,750 -7,213 -28,586 -12,447 10,876 -1,468 -10,532 -6,618 -6,989 -5,963 1,020 -956 -5,560 -2,947 2,889 1,026 -1,435 -1,026 -12,370 -11,190 790 -1,648 -7,210 -3,038 2,714 -328 -2,470 -1,180 -16,655 -14,647 978 -2,635 -7,775 -3,428 2,615 -955 -3,447 -2,008 -16,224 -13,820 962 -1,974 -8,041 -3,034 2,658 -1,211 -3,180 -2,404 -14,687 -13,317 816 -2,304 -7,212 -3,396 2,852 -493 -3,580 -1,370 -15,285 -13,905 984 -2,539 -7,157 -3,620 2,822 -658 -3,737 -1,380 -17,914 -15,501 1,109 -2,265 -7,992 -3,704 2,869 -971 -4,547 -2,413 -8,175 -7,060 959 -1,092 -5,889 -3,082 2,856 836 -1,648 -1,115 -13,062 -11,828 744 -1,737 -7,340 -3,084 2,658 -505 -2,564 -1,234 -14,666 -12,832 1,124 -2,419 -7,411 -3,277 2,818 -509 -3,158 -1,834 -16,335 -13,900 Canada2 Japan Australia, New Zealand, and South Africa9 Australia -34,735 -74,525 -7,401 -16,552 -7,385 -17,465 -10,106 -19,672 -9,843 -20,836 -11,518 -19,318 -12,192 -20,903 -14,261 -20,728 -8,630 -17,433 -17,633 -8,049 -18,741 Total, all countries Eastern Europe Latin America and Other Western Hemisphere Brazil Mexico Venezuela Other Other countries in Asia and Africa 79 Asia 7 9 Members of OPEC China Hong Kong Korea, Republic of Singapore Taiwan Africa 79 Members of OPEC -7,946 -3,004 2,544 -1,290 -3,162 -2,435 -15,792 -14,359 759 -2,456 -7,508 -3,516 2,777 -661 -3,754 -1,433 -16,038 -14,609 936 -2,636 -7,325 -3,672 2,761 -821 -3,852 -1,429 -16,078 -13,827 1,249 -2,072 -7,648 -3,571 3,069 -577 ^,277 -2,251 -10,017 -20,718 -12,757 -20,112 -12,860 -21,120 -12,439 -19,824 6,393 1,441 1,379 1,515 2,058 1,614 1,597 1,272 1,418 i",342 1,642 1,991 1,584 1,554 1,395 -6,253 -1,193 -1,801 -1,316 -1,943 -2,372 -2,377 -2,991 -1,265 -1,814 -1,213 -1,961 -2,423 -2,385 -2,906 -27,759 1,810 -23,969 -6,006 406 -4,952 599 -6,006 -399 854 -7,317 334 -6,860 -1,350 559 -9,227 250 -6,550 -2,01: -915 -6,263 627 -4,553 -2,245 -92 -10,043 -66 -5,971 -3,046 -960 -10,055 113 -6,509 -3,136 -523 -10,688 387 -7,055 -3,291 -729 -5,854 553 -6,641 -434 -7,851 273 -7,196 -1,378 450 -7,368 403 -5,382 -1,929 -6,686 581 -4,750 -2,265 -252 -11,011 -141 -6,633 -3,082 -1,155 -10,591 55 -6,876 -3,161 -609 -8,676 563 -5,755 -3,207 -277 -156,442 -149,492 -12,284 -68,756 2,034 -8,773 -2,134 -17,525 -7,385 -5,120 -31,128 -29,952 -1,699 -13,654 735 -1,700 -307 -4,197 -1,183 -856 -36,348 -34,767 -3,005 -15,750 635 -1,844 -813 ^,473 -1,647 -1,267 -46,215 -43,947 -4,562 -20,085 180 -2,097 -364 -4,533 -2,276 -1,531 -42,751 ^0,826 -3,018 -19,267 484 -3,132 -650 -4,322 -2,279 -1,466 -43,568 -39,878 -5,292 -16,741 557 -2,497 -284 -3,877 -3,701 -2,357 -48,218 -43,672 -6,079 -19,389 886 -2,321 -506 -4,068 -4,551 -3,221 -59,301 -54,543 -6,846 -24,978 352 -3,688 -410 -4,158 -4,751 -3,259 -33,085 -31,827 -1,813 -14,268 641 -1,913 -399 ^,431 -1,261 -870 -36,927 -35,328 -3,032 -15,865 604 -1,924 -894 -4,537 -1,664 -1,274 -43,923 -41,817 -4,375 -19,727 353 -1,767 -171 -4,231 -2,121 -1,502 -42,507 ^0,520 -3,064 -18,896 436 -3,169 -670 -4,326 -2,339 -1,474 -45,327 ^1,582 -5,353 -17,268 458 -2,735 -394 -4,103 -3,758 -2,361 -48,791 -44,220 -6,111 -19,501 864 -2,401 -571 -4,147 -4,579 -3,232 -56,888 -52,329 -6,659 -24,615 524 -3,334 -213 -3,795 -4,556 -3,207 -155,581 -39,397 -23,410 -166,568 -29,579 -6,292 -2,954 -34,241 -36,145 -9,528 -5,622 -39,540 -44,959 -12,564 -8,105 ^8,612 -44,898 -11,013 -6,729 -44,175 ^4,290 -11,452 -10,695 ^4,907 ^7,164 -11,720 -12,436 ^7,833 -51,884 -13,253 -13,396 -59,331 -32,929 -7,139 -3,117 -36,978 -37,710 -9,954 -5,684 ^0,590 -39,797 -11,277 -7,806 ^4,715 -45,145 -11,027 -6,803 -44,285 -47,483 -12,273 -10,796 -47,559 ^18,862 -12,224 -12,504 -48,865 ^7,142 -12,041 -13,073 -55,201 International organizations and unallocated Memoranda: 105 106 107 Industrial countries7 Of which: Euro area1() Members of OPEC7 Other countries7 See footnotes on page 74. January 2001 SURVEY OF CURRENT BUSINESS 59 Table 2.—U.S. Trade in Goods—Continued [Millions of dollars] Not seasonally adjusted Trade in goods, by principal end-use category, adjusted to balance of payments basis, excluding military: Exports of goods, balance of payments basis, excluding military (A-8) Agricultural products Nonagricultural products 684,358 163,524 168,279 166,831 185,724 184,593 193,191 192,913 163,949 166,443 173,881 180,085 183,728 191,783 200,385 49,619 12,118 634,739 151,406 11,597 11,949 13,955 156,682 154,882 171,769 11,711 12,236 13,178 12,301 180,890 180,446 152,238 154,207 160,703 12,494 13,126 13,197 13,951 170,602 178,586 186,434 45,532 10,960 10,552 11,220 12,800 12,057 10,948 11,680 10,726 11,265 11,955 11,768 11,828 41,540 13,910 3,730 5,267 4,623 6,850 7,956 8,201 10,042 3,407 798 1,231 1,294 1,486 1,934 1,921 9,694 10,064 3,363 3,496 1,054 936 1,398 1,391 881 714 1,736 1,586 2,036 1,881 1,995 2,070 11,740 3,644 942 1,247 1,734 2,042 2,105 2,215 11,160 3,449 722 1,235 1,716 2,104 1,914 1,977 9,981 3,214 866 1,226 849 1,864 2,097 1,957 10,430 3,521 996 1,295 896 1,927 2,033 2,053 3,238 872 1,132 1,015 1,546 2,013 1,996 10,272 3,643 1,041 1,478 1,072 1,572 1,984 2,001 10,945 3,659 924 1,521 1,454 1,746 2,006 2,080 10,515 3,370 893 1,136 1,082 1,986 1,953 2,124 10,863 3,260 780 1,150 1,423 2,146 1,986 2,048 10,708 11,424 3,490 3,710 882 954 1,401 1,318 1,521 1,352 1,953 1,849 2,057 2,186 1,960 2,054 3,992 2,970 1,156 910 1,060 760 967 695 1,250 935 918 674 736 1,010 767 1,071 793 905 656 147,029 33,973 35,804 36,756 40,496 42,193 42,310 43,139 34,098 35,195 37,276 40,460 41,795 7,776 969 1,299 1,148 4,360 1,991 186 405 301 1,099 1,821 220 401 274 1,833 219 177 285 1,152 2,131 344 316 288 1,183 2,465 629 386 364 1,086 2,245 524 313 423 985 1,987 365 199 427 996 1,829 129 363 275 1,062 1,887 251 342 267 1,027 2,160 307 306 293 1,254 1,900 282 288 313 1,017 2,191 489 341 326 1,035 2,422 648 273 417 1,084 2,455 546 336 450 1,123 139,253 12,819 12,540 2,749 8,620 31,982 2,618 2,540 692 1,600 33,983 3,079 3,020 674 2,043 34,923 3,269 3,196 720 2,217 38,365 3,853 3,784 663 2,760 39,728 3,744 3,699 609 2,752 40,065 3,694 3,625 640 2,629 41,152 4,182 4,111 688 3,026 32,269 2,681 2,603 735 1,619 33,308 3,085 3,026 673 2,050 35,116 3,216 3,143 688 2,197 38,560 3,837 3,768 653 2,754 3,767 3,722 647 2,736 39,334 3,690 3,621 635 2,630 41,619 4,184 4,113 666 3,051 Paper and paper base stocks Textile supplies and related materials Chemicals, excluding medicinals Building materials, except metals Other nonmetals 12,174 9,215 45,959 8,166 18,467 2,853 2,169 10,849 1,967 4,417 2,938 2,412 11,347 2,092 4,563 3,039 2,284 11,350 2,042 4,567 3,344 2,350 12,413 2,065 4,920 3,559 2,496 12,360 2,140 5,260 3,662 2,707 13,035 2,229 5,311 3,582 2,756 13,624 2,205 5,185 2,850 2,192 10,903 2,004 4,413 2,908 2,298 11,069 2,029 4,458 3,053 2,340 11,521 2,060 4,640 3,363 2,385 12,466 2,073 4,956 3,519 2,490 12,253 2,159 5,205 3,627 2,580 12,760 2,165 5,196 3,616 2,840 13,910 2,219 5,271 Metals and nonmetallic products Steelmaking materials Iron and steel products Nonferrous metals Nonmonetary gold Other precious metals Other nonferrous metals Other metals and nonmetallic products 32,453 1,397 5,741 13,540 5,263 1,812 6,465 11,775 7,109 274 1,342 2,741 739 504 1,498 2,752 7,552 376 1,403 2,812 811 460 1,541 2,961 8,372 364 1,452 3,577 1,521 386 1,670 2,979 9,420 383 1,544 4,410 2,192 462 1,756 3,083 10,169 389 1,716 4,747 2,405 576 1,766 3,317 9,427 470 1,706 3,398 924 613 1,861 3,853 9,618 424 1,718 3,770 1,058 635 2,077 3,706 7,226 301 1,338 2,800 739 504 1,557 2,787 7,461 354 1,377 2,848 811 460 1,577 2,882 9,480 388 1,550 4,414 2,192 462 1,760 3,128 10,211 354 1,476 3,478 1,521 386 1,571 2,978 9,316 439 1,679 3,443 924 613 1,906 3,755 9,579 422 1,752 3,667 1,058 635 1,974 3,738 311,775 74,646 75,819 76,684 84,626 81,376 89,085 91,449 75,287 75,730 79,440 89,234 94,002 255,808 29,403 226,405 11,987 11,899 6,193 13,142 43,097 59,926 6,849 53,077 2,935 3,009 1,373 3,107 9,951 62,036 7,160 54,876 69,401 7,951 61,450 3,052 3,145 1,676 3,520 11,506 70,035 8,038 61,997 2,998 2,989 1,731 3,678 12,130 74,734 8,825 65,909 3,061 3,035 1,784 3,957 12,748 79,820 9,467 70,353 3,202 3,169 1,875 4,211 13,083 6,929 53,670 2,987 3,071 1,398 3,061 10,052 62,604 7,153 55,451 2,908 2,887 1,571 3,169 10,582 65,593 7,475 58,118 3,019 2,959 1,633 3,422 11,066 67,012 7,846 59,166 3,073 2,982 1,591 3,490 11,397 8,002 61,990 3,012 3,028 1,753 3,589 12,164 75,433 8,824 1,576 3,216 10,841 64,445 7,443 57,002 3,016 2,847 1,568 3,299 10,799 80,971 9,513 71,458 3,249 3,269 1,937 4,348 13,355 46,724 46,962 26,622 2,999 16,780 11,117 10,583 6,150 11,233 11,085 6,289 711 4,043 11,543 12,158 6,957 730 4,085 13,381 14,535 8,023 783 4,602 14,165 16,391 8,712 864 4,494 12,874 13,234 7,167 749 4,447 11,649 11,372 6,504 733 4,076 11,954 12,156 6,909 741 4,259 11,937 12,831 6,723 795 4,347 12,799 13,130 7,397 786 4,332 52,921 28,996 3,046 13,904 7,91 816 13,192 7,230 591 11,654 5,844 585 14,171 8,004 1,054 10,666 4,559 675 13,767 7,385 584 11,099 4,815 530 12,535 6,577 591 13,262 7,319 585 13,252 7,225 1,054 10,908 12,501 6,095 530 19,804 20,909 21,441 18,775 19,355 19,384 20,086 20,203 12,535 2,598 1,872 1,530 6,535 12,428 2,855 1,925 1,426 6,222 1,361 1,223 5,124 2,195 1,548 1,266 5,916 11,387 2,305 1,657 1,354 6,071 11,831 2,238 1,809 1,428 6,356 2,473 1,800 1,360 6,176 11,872 2,547 1,861 1,403 6,061 2,357 1,696 1,339 5,863 8,374 1,776 769 1,080 4,749 9,013 2,112 889 1,164 4,848 8,320 1,539 772 1,130 4,879 7,388 1,939 711 673 4,064 4,015 7,524 1,722 641 891 4,270 7,575 1,714 673 869 4,319 8,214 1,693 721 1,074 4,726 8,763 1,972 918 1,136 4,737 19,835 19,868 20,167 20,898 21,825 22,132 3,760 949 2,980 9,290 3,779 909 9,734 3,172 9,550 3,921 883 9,824 3,273 9,969 4,132 1,105 10,173 3,242 10,529 4,181 1,123 3,563 10,346 4,199 10,922 3,746 10,678 4,361 1,263 5,762 5,610 6,815 6,725 Foods, feeds, and beverages Agricultural Grains and preparations Wheat Corn Soybeans Meat products and poultry Vegetables, fruits, nuts, and preparations Other agricultural foods, feeds, and beverages Nonagricultural (fish, distilled beverages, etc.) Fish and shellfish Industrial supplies and materials Agricultural Raw cotton Tobacco, unmanufactured Hides and skins, including furskins Other agricultural industrial supplies Nonagricultural Energy products Fuels and lubricants Coal and related fuels Petroleum and products Capital goods, except automotive Machinery, except consumer-type Electric generating machinery, electric apparatus, and parts Nonelectric, including parts and attachments Oil drilling, mining, and construction machinery Industrial engines, pumps, and compressors Machine tools and metalworking machinery Measuring, testing, and control instruments Other industrial, agricultural, and service industry machinery Computers, peripherals, and parts Semiconductors Telecommunications equipment Other office and business machines Scientific, hospital, and medical equipment and parts Civilian aircraft, engines, parts Civilian aircraft, complete, all types Other transportation equipment 75,755 18,937 20,210 To Canada Passenger cars, new and used Trucks, buses, and special purpose vehicles Engines and engine parts Other parts and accessories 45,952 9,211 6,814 5,408 24,519 11,486 2,258 1,550 1,370 6,308 12,566 2,759 1,887 1,459 6,461 To other areas Passenger cars, new and used Trucks, buses, and special purpose vehicles Engines and engine parts Other parts and accessories 29,803 7,243 2,690 3,202 16,668 7,451 1,940 747 678 4,086 7,644 2,088 651 791 4,114 6,832 1,351 530 853 19,375 20,128 Automotive vehicles, engines, and parts Consumer goods (nonfood), except automotive Consumer nondurable goods, manufactured Medical, dental, and pharmaceutical preparations, including vitamins Consumer durable goods, manufactured Household and kitchen appliances and other household goods Unmanufactured consumer goods (gem stones, nursery stock) Exports, n.e.c See footnotes on page 74. 1,673 1,527 1,230 5,542 2,521 1,850 6,208 730 4,098 19,790 21,475 21,516 22,433 22,431 39,115 12,424 37,807 15,592 3,846 9,629 2,964 8,809 3,711 937 9,738 3,035 9,413 3,857 977 9,793 3,090 9,194 3,847 803 9,955 3,335 10,391 4,177 1,129 10,044 3,255 10,362 4,185 1,110 10,734 3,621 10,524 4,269 1,175 10,997 3,679 10,230 4,262 1,204 23,499 5,633 5,766 5,577 6,523 6,542 6,974 80,768 11,184 13,872 7,875 2,999 4,792 2,405 576 1,811 3,304 81,575 6,439 1,120 840 1,094 784 41,756 44,074 1,779 3,909 13,846 14,897 8,292 806 4,646 14,622 16,219 8,720 847 4,892 11,040 2,139 1,611 1,405 9,163 1,972 1,180 60 January 2001 SURVEY OF CURRENT BUSINESS Table 2.—U.S. Trade in Goods—Continued [Millions of dollars] Not seasonally adjusted Seasonally adjusted Line 2000 III'' Trade in goods, by principal end-use category, adjusted to balance of payments basis, excluding military—Continued: Imports of goods, balance of payments basis, excluding military (A-16) Petroleum and products6 Nonpetroleum products Foods, feeds, and beverages Agricultural Coffee, cocoa, and sugar Green cofiee Meat products and poultry Vegetables, fruits, nuts, and preparations Wine and related products Other agricultural foods, feeds, and beverages Nonagricultural (fish, distilled beverages, etc) Fish and shellfish Whiskey and other alcoholic beverages 1,029,917 230,298 249,586 268,507 281,526 284,485 300,624 317,524 236,973 250,427 266,199 276,318 289,566 302,014 315,801 67,807 10,393 15,875 19,993 21,546 26,918 29,166 31,896 10,532 15,940 19,903 21,432 27,010 29,265 31,688 962,110 219,905 233,711 248,514 259,980 257,567 271,458 285,628 226,441 234,487 246,296 254,886 262,556 272,749 284,113 43,578 10,410 11,082 10,627 11,459 11,076 11,533 11,438 10,516 31,476 3,712 2,534 4,498 9,135 4,163 9,970 12,102 8,914 2,618 7,927 1,155 776 1,019 2,615 867 2,271 2,483 1,847 513 8,248 985 653 1,150 2,589 1,077 2,448 2,834 2,087 7,381 808 545 1,092 1,832 1,092 2,557 3,246 2,386 711 7,920 764 560 1,237 2,099 1,127 2,694 3,539 2,594 8,355 1,090 807 1,249 2,653 955 2,408 2,721 1,990 602 8,464 1,377 2,449 1,180 2,571 3,069 2,249 680 7,687 747 500 1,297 1,827 1,184 2,631 3,751 2,876 740 7,693 974 631 1,027 2,203 1,029 2,461 2,823 2,101 598 1,117 2,356 1,033 2,476 2,943 2,161 633 224,800 46,219 54,311 60,632 71,317 73,881 77,866 46,796 1,457 72,424 32,096 31,596 1,227 76,639 36,503 35,481 1,315 45,481 12,484 12,234 796 Industrial supplies and materials 63,638 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 Agricultural Nonagricultural products Energy products Fuels and lubricants6 Transportation equipment, except automotive Civilian aircraft, engines, parts Civilian aircraft, complete, all types 53,379 60,340 64,285 1,339 52,040 18,538 18,197 1,341 58,999 22,855 22,470 1,534 62,751 24,345 23,978 11,407 11,824 8,224 885 679 1,336 2,266 1,133 2,604 3,183 2,322 722 8,243 840 579 1,342 2,317 1,152 2,592 3,581 2,736 708 71,516 72,910 77,844 1,381 70,135 29,919 29,518 11,143 1,260 2,224 1,122 2,586 3,058 2,241 12,207 24,262 1,449 69,868 29,875 29,566 31,846 35,527 11,614 10,303 30,173 21,824 15,821 2,736 2,421 7,562 4,563 3,580 2,693 2,637 7,391 5,746 3,917 2,976 2,634 7,511 6,121 4,097 3,209 2,611 7,709 5,394 4,227 3,294 2,792 8,685 5,422 4,251 3,380 3,012 8,726 5,910 4,554 3,592 2,798 8,708 5,495 4,567 2,765 2,484 7,214 4,907 3,723 2,670 2,523 7,168 5,462 3,846 2,971 2,605 7,740 5,789 3,208 2,691 8,051 5,666 4,254 3,301 2,827 8,191 5,761 4,369 3,359 2,887 8,484 5,614 4,478 3,599 2,806 9,137 5,209 4,491 51,314 2,791 18,125 22,797 5,768 4,463 6,400 6,166 7,601 11,596 584 4,248 4,996 814 1,244 1,491 1,447 1,768 12,190 672 4,559 5,079 788 1,053 1,795 1,443 13,140 676 4,630 5,867 1,849 898 1,579 1,541 1,967 14,388 859 4,688 6,855 2,317 1,268 1,535 1,735 1,986 15,549 800 5,109 7,528 2,394 1,575 1,804 1,755 2,112 14,746 896 5,670 5,889 740 1,425 1,878 1,846 2,291 14,976 802 5,528 6,277 1,058 1,672 1,840 1,707 2,369 11,904 645 4,463 5,014 814 1,239 1,474 1,487 1,782 11,833 632 4,447 4,931 788 1,059 1,632 1,452 1,823 13,041 655 4,494 5,926 1,849 918 1,660 1,499 1,966 14,536 859 4,721 6,926 2,317 1,247 1,634 1,728 2,030 15,767 864 5,326 7,469 2,394 1,528 1,770 1,777 2,108 14,346 844 5,556 5,722 740 1,415 1,709 1,858 2,224 14,973 802 5,422 6,363 1,058 1,683 1,928 1,694 2,386 297,112 67,487 72,736 76,032 80,857 79,271 86,843 91,985 69,815 72,974 75,641 78,682 81,068 87,125 91,933 270,226 32,836 237,390 7,026 8,258 7,665 7,831 45,849 61,091 7,340 53,751 1,901 1,915 1,934 1,819 11,066 66,210 7,953 58,257 1,991 1,978 1,921 1,930 11,556 68,901 8,527 60,374 1,573 2,076 1,863 1,985 11,265 74,024 9,016 65,008 1,561 2,289 1,947 2,097 11,962 72,667 8,977 63,690 1,840 2,522 1,998 2,189 12,145 79,785 9,907 69,878 2,051 2,562 2,247 2,302 13,151 84,506 10,385 74,121 1,730 2,450 2,059 2,471 12,648 63,361 7,601 55,760 1,880 1,917 1,978 1,830 11,160 66,522 7,977 58,545 1,802 1,941 1,861 1,938 11,180 68,527 8,425 60,102 1,658 2,105 1,909 1,996 11,538 71,816 8,833 1,686 2,295 1,917 2,067 11,971 74,460 9,170 65,290 1,780 2,483 2,026 2,181 12,109 80,129 9,928 70,201 1,875 2,520 2,184 2,313 12,759 84,440 10,341 74,099 1,831 2,520 2,119 2,506 13,091 81,456 37,628 23,939 6,398 11,340 18,292 8,243 4,443 1,655 2,483 9,215 5,619 1,511 2,728 21,091 9,600 6,427 1,565 2,929 22,265 10,570 7,450 1,667 3,200 19,894 10,756 7,668 1,575 3,103 21,709 11,601 9,338 1,540 3,377 24,383 13,307 9,784 1,518 3,771 19,486 8,376 4,790 1,673 2,670 20,512 9,247 5,752 1,550 2,762 20,509 9,575 6,346 1,566 2,900 20,949 10,430 7,051 1,609 3,008 20,962 10,812 8,096 1,568 3,273 9,466 1,589 3,423 9,625 1,525 3,766 23,773 9,217 6,396 5,548 1,853 6,526 5,830 2,150 7,131 6,407 2,698 6,833 5,988 2,516 6,604 5,803 2,325 7,058 6,283 2,910 7,479 6,704 3,222 6,454 5,606 1,853 6,452 5,755 2,150 7,114 6,390 2,698 6,866 6,022 2,516 6,608 5,807 2,325 6,996 6,221 2,910 7,493 6,717 3,222 49,728 46,606 42,039 43,661 46,693 48,330 48,863 50,858 13,963 7,058 2,799 15,399 8,172 3,068 1,015 3,144 15,481 8,031 3,266 966 3,218 16,664 8,836 3,324 1,054 3,450 16,327 8,752 3,207 1,079 3,289 1,085 3,488 15,825 8,200 2,940 1,168 3,517 16,162 8,465 3,186 1,041 3,470 Metals and nonmetallic products Steelmaking materials Iron and steel products Nonferrous metals Nonmonetary gold Other precious metals Bauxite and aluminum Other nonferrous metals Other metallic and nonmetallic products Computers, peripherals, and parts Semiconductors Telecommunications equipment .... Other office and business machines Scientific, hospital, and medical equipment and parts 7,900 836 619 1,224 2,259 1,046 2,534 3,243 2,376 718 1,294 59,338 22,859 22,389 Paper and paper base stocks Textile supplies and related materials Chemicals, excluding medicinals Building materials, except metals Other nonmetals Machinery, except consumer-type Electric generating machinery, electric apparatus and parts Nonelectric, including parts and attachments Oil drilling, mining, and construction machinery Industrial engines, pumps, and compressors Machine tools and metalworking machinery Measuring, testing, and control instruments Other industrial, agricultural, and service industry machinery 11,143 7,917 917 634 1,130 2,317 1,055 2,499 3,093 2,276 1,395 52,916 18,342 18,021 5,529 219,271 78,222 76,879 Capital goods, except automotive 11,010 10,909 1,480 179,392 43,282 44,606 42,859 48,645 49,994 125 126 127 128 129 From Canada Passenger cars, new and used Trucks, buses, and special purpose vehicles Engines and engine parts Other parts and accessories 63,871 33,791 12,865 4,114 13,101 16,448 8,963 3,169 1,068 3,248 16,399 8,531 3,465 1,040 3,363 14,461 7,344 2,989 952 3,176 16,563 8,953 3,242 1,054 3,314 17,853 9,540 3,518 1,150 3,645 8,628 3,111 1,257 3,665 130 131 132 133 134 From other areas Passenger cars, new and used Trucks, buses, and special purpose vehicles Engines and engine parts Other parts and accessories 115,521 62,508 7,552 10,153 35,308 26,834 14,377 1,723 2,427 8,307 28,207 15,083 1,875 2,388 8,861 28,398 15,282 1,843 2,540 8,733 32,082 17,766 2,111 2,798 9,407 32,141 17,341 2,017 2,732 10,051 33,067 18,367 1,899 2,764 10,037 32,643 18,651 1,608 26,640 14,465 1,738 2,352 28,180 15,175 1,861 2,371 8,773 30,029 16,382 1,863 2,661 9,123 30,672 16,486 2,090 2,769 9,327 31,797 17,413 2,037 2,632 9,715 33,038 18,433 1,887 2,751 9,967 34,696 20,039 1,640 2,851 10,166 239,607 114,693 55,936 10,879 112,492 44,339 19,756 16,381 9,824 12,422 52,393 26,463 12,874 2,703 23,035 9,446 3,747 3,071 1,835 2,895 55,668 26,500 12,480 2,638 26,405 10,943 4,495 3,748 2,280 2,763 66,869 32,353 16,744 2,932 31,197 12,176 5,702 4,754 2,813 3,319 64,677 29,377 13,838 2,606 31,855 11,774 5,812 4,808 2,896 3,445 60,572 29,415 14,318 2,899 27,362 11,052 4,149 4,026 2,250 3,795 66,071 31,444 14,659 2,817 31,076 12,644 4,432 4,735 2,792 3,551 76,521 37,506 18,996 3,152 35,133 13,902 5,851 5,898 3,139 3,882 57,103 27,896 13,842 2,768 26,453 10,356 4,804 3,729 2,305 2,754 58,311 27,646 13,609 2,692 27,702 11,019 5,063 4,006 2,421 2,963 60,923 28,920 13,962 2,635 28,828 11,284 4,998 4,195 2,463 3,175 63,270 30,231 14,523 2,784 29,509 11,680 4,891 4,451 2,635 3,530 65,159 30,594 15,114 2,930 30,967 11,948 5,217 4,847 2,768 3,598 69,141 32,864 16,039 2,886 32,478 12,703 4,987 5,016 2,945 70,156 33,808 15,982 2,878 32,635 12,974 5,185 5,157 2,747 3,713 45,428 28,780 10,507 6,703 11,183 7,071 11,488 7,203 12,250 7,803 12,255 7,829 12,568 7,757 13,108 8,236 10,704 6,770 11,193 7,115 11,592 7,307 11,939 7,588 12,350 7,823 12,568 7,800 13,186 8,310 3,804 4,112 4,447 4,426 4,872 3,934 4,078 4,285 4,351 4,527 4,768 4,876 124 Automotive vehicles, engines, and parts 135 136 137 138 139 140 141 142 143 144 Consumer goods (nonfood), except automotive Consumer nondurable goods, manufactured Textile apparel and household goods, except rugs Footwear of leather, rubber, and other materials Consumer durable goods, manufactured Household and kitchen appliances and other household goods Toys, shooting, and sporting goods, including bicycles Television and video receivers Radio and stereo equipment, including records, tapes, and disks Unmanufactured consumer goods (gemstones, nursery stock) 145 146 147 Imports, n.e.c, and U.S. goods returned U.S. goods returned Other products, including balance of payments adjustments not included above (minimum value shipments and miscellaneous imports) See footnotes on page 74. January 2001 SURVEY OF CURRENT BUSINESS 61 Table 3.—Private Service Transactions [Millions of dollars] Not seasonally adjusted Seasonally adjusted 254,665 59,834 61,353 68,119 65,359 66,078 68,403 75,154 61,929 63,070 63,905 65,759 68,471 70,274 70,332 Travel (table 1, line 6) Passenger fares (table 1, line 7) Other transportation (table 1, line 8) . Freight Port services 74,881 19,776 27,033 11,667 15,365 15,784 4,466 6,205 2,737 18,569 4,756 18,620 4,794 7,056 3,188 3,868 17,783 4,697 3,201 3,719 21,365 5,231 7,440 3,332 4,108 25,299 6,200 7,975 2,839 3,854 21,908 5,760 7,079 2,903 4,175 18,140 4,814 6,515 2,785 3,730 18,564 4,902 6,692 2,813 18,695 5,105 6,728 2,927 3,801 19,482 4,955 7,097 3,142 3,956 20,431 5,062 7,252 3,257 3,995 21,363 5,387 7,434 3,299 4,135 21,567 5,475 7,596 3,396 4,200 Royalties and license fees (table 1, line 9) Affiliated U.S. parents' receipts U.S. affiliates' receipts Unaffiliated Industrial processes1 Other2 36,467 26,307 24,576 1,731 10,160 3,551 6,609 8,861 6,402 5,941 461 2,459 891 1,568 6,377 5,955 422 2,512 888 1,624 9,007 6,441 5,999 442 2,566 886 1,680 9,710 7,087 6,681 406 2,623 886 1,737 6,409 5,948 461 2,679 886 1,793 9,278 6,543 6,096 447 2,735 886 1,848 9,238 6,445 5,923 522 2,793 887 1,905 9,114 6,655 6,127 528 2,459 891 1,568 9,140 6,628 6,114 514 2,512 888 1,624 9,106 6,540 6,097 443 2,566 886 1,680 9,107 6,484 6,238 246 2,623 886 1,737 9,353 6,674 6,132 542 2,679 886 1,793 9,584 6,849 6,251 598 2,735 886 1,848 9,349 6,556 6,019 537 2,793 887 1,905 Other private services (table 1, line 10) Affiliated services U.S. parents' receipts U.S. affiliates' receipts Unaffiliated services Education Financial services Insurance, net Premiums received Losses paid Telecommunications Business, professional, and technical services . Other unaffiliated services3 96,508 28,943 18,111 10,832 67,565 9,572 13,925 2,295 8,259 5,964 4,460 24,368 12,946 24,518 7,089 4,399 2,690 17,429 3,872 2,901 553 1,991 1,437 1,162 5,871 3,070 22,446 6,810 4,309 2,501 15,636 1,208 3,496 563 2,043 1,480 1,152 6,055 3,163 24,365 6,995 4,423 2,572 17,370 2,563 3,613 579 2,091 1,512 1,099 6,172 3,344 25,179 8,049 4,980 3,069 17,130 1,930 3,915 599 2,135 1,536 1,048 27,590 7,763 4,421 3,342 19,827 4,093 4,389 625 2,178 1,553 1,015 6,378 3,327 25,089 7,612 4,664 2,948 17,477 1,272 4,656 651 2,220 1,568 972 6,507 3,418 26,442 7,412 4,415 2,997 19,030 2,715 4,416 678 2,262 1,584 962 6,675 3,585 23,346 7,351 4,512 2,839 15,995 2,343 2,901 553 1,991 1,437 1,162 5,871 3,165 23,772 6,937 4,336 2,601 16,835 2,377 3,496 563 2,043 1,480 1,152 6,055 3,192 24,271 7,127 4,569 2,558 17,144 2,417 3,613 579 2,091 1,512 1,099 6,172 3,264 25,118 7,527 4,693 2,834 17,591 2,435 3,915 599 2,135 1,536 1,048 6,269 3,325 26,373 8,059 4,534 3,525 18,314 2,484 4,389 625 2,178 1,553 1,015 6,378 3,424 26,506 7,748 4,687 3,061 18,758 2,518 4,656 651 2,220 1,568 972 6,507 3,453 26,345 7,540 4,561 2,979 18,805 2,566 4,416 678 2,262 1,584 962 6,675 3,508 Exports of private services . 174,825 38,454 44,613 48,056 43,702 43,488 50,130 55,577 42,041 43,122 44,096 45,567 47,492 48,408 51,185 Travel (table 1, line 23) Passenger fares (table 1, line 24) Other transportation (table 1, line 25) . Freight Port services 59,351 21,405 34,137 22,214 11,925 12,242 4,771 7,493 4,790 2,704 15,945 5,655 8,218 5,348 2,871 18,017 5,964 9,185 6,053 3,132 13,147 5,015 9,241 6,023 3,218 13,313 5,258 9,227 6,015 3,212 17,404 6,381 9,957 6,527 3,430 20,198 6,909 10,743 7,194 3,549 14,560 5,215 7,784 4,977 2,808 14,718 5,274 8,187 5,273 2,914 14,799 5,348 8,953 5,915 3,038 15,274 5,568 9,214 6,049 3,165 15,837 5,777 9,582 6,251 3,331 16,044 5,944 9,900 6,420 3,480 16,704 6,203 10,461 7,021 3,440 Royalties and license fees (table 1, line 26) . Affiliated U.S. parents' payments U.S. affiliates' payments Unaffiliated Industrial processes' Other2 13,275 10,208 2,134 8,074 3,067 1,883 1,185 3,021 2,302 500 1,802 719 436 283 3,150 2,396 508 1,888 754 461 293 3,223 2,439 536 1,903 784 483 301 3,881 3,071 590 2,481 810 502 308 3,528 2,699 621 2,078 829 515 314 3,591 2,746 629 2,117 845 527 318 4,411 2,880 658 2,222 1,531 537 993 3,081 2,362 500 1,862 719 436 283 3,224 2,470 508 1,962 754 461 293 3,314 2,530 536 1,994 784 483 301 3,656 2,846 590 2,256 810 502 3,590 2,761 621 2,140 829 515 314 3,661 2,816 629 2,187 845 527 318 4,512 2,981 658 2,323 1,531 537 993 Other private services (table 1, line 27) Affiliated services U.S. parents' payments U.S. affiliates' payments Unaffiliated services Education Financial services Insurance, net Premiums paid Losses recovered Telecommunications Business, professional, and technical services . Other unaffiliated services3 46,657 22,437 11,427 11,010 24,220 1,840 3,574 4,078 21,242 17,164 6,766 7,430 532 10,927 4,873 2,477 2,396 6,054 347 767 1,233 5,348 4,115 1,779 1,807 121 11,645 5,630 2,817 2,813 6,015 452 845 988 5,308 4,320 1,759 1,840 132 11,667 5,543 2,803 2,740 6,124 588 985 884 5,284 4,400 1,658 1,873 136 12,418 6,391 3,330 3,061 6,027 453 977 972 5,301 4,329 1,571 1,911 143 12,162 5,731 2,818 2,913 6,431 403 1,188 1,182 5,367 4,185 1,565 1,949 145 12,797 5,938 2,790 3,148 6,859 524 1,290 1,408 5,461 4,053 1,500 1,993 145 13,316 5,755 2,696 3,059 7,561 683 1,347 1,851 5,568 3,717 1,498 2,040 142 11,401 5,262 2,761 2,501 6,139 432 767 1,233 5,348 4,115 1,779 1,807 121 11,719 5,703 2,852 2,851 6,016 453 845 988 5,308 4,320 1,759 1,840 132 11,682 5,677 2,873 2,804 6,005 469 985 884 5,284 4,400 1,658 1,873 136 11,855 5,795 2,941 2,854 6,060 486 977 972 5,301 4,329 1,571 1,911 143 12,706 6,176 3,135 3,041 6,530 502 1,188 1,182 5,367 4,185 1,565 1,949 145 12,859 6,001 2,818 3,183 6,858 524 1,290 1,408 5,461 4,053 1,500 1,993 145 13,305 5,884 2,759 3,125 7,421 543 1,347 1,851 5,568 3,717 1,498 2,040 142 -99,892 -107,433 -345,559 -66,774 -81,307 -101,676 22,590 18,273 21,657 20,063 79,840 21,380 16,740 -265,719 -45,394 -64,567 -81,613 -74,145 -77,302 -89,160 -124,611 19,577 -105,034 -73,024 19,888 -53,136 -83,984 19,948 -64,036 -92,318 19,809 -72,509 -96,233 20,192 -76,041 -105,838 20,979 -84,859 -110,231 21,866 -88,365 -115,416 19,147 -96,269 Imports of private services Memoranda: Balance on goods (table 1, line 71) Balance on private services (line 1 minus line 27) Balance on goods and private services (lines 53 and 54) . See footnotes on page 74. 62 January 2001 SURVEY OF CURRENT BUSINESS Table 4.—Selected U.S. Government Transactions [Millions of dollars] Not se isonally adjusted Line II I A1 U.S. Government grants and transactions increasing Government assets, total 2000 1999 1999 I IK III/' 20,651 4,019 5,379 4,564 6,689 4,375 4,531 4,753 13,842 13,774 3,911 9,862 2,582 2,574 3,100 3,097 2,852 2 847 662 630 2,068 2,434 2,217 5,307 5,256 2,113 3,143 2,916 2 912 1,026 1,886 3,237 3,232 506 3,599 3,581 1,238 2,343 69 9 3 6 51 5 5 18 6,175 1,451 3,999 1,314 2,167 1,595 1,099 1,750 1,235 1,052 343 410 825 335 716 2 59 -1 101 III IV By category 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 Grants, net U S Government current grants net (table 1 line 36 with signs reversed) Financing military purchasesl Other grants Cash contributions received from coalition partners for Persian Gulf operations Debt forgiveness (table 1, part of line 39, with sign reversed) Credits and other long-term assets (table 1, line 47, with sign reversed) Capital subscriptions and contributions to international financial institutions, excluding IMF Credits repayable in U.S. dollars Credits repayable in other than U S dollars Other long-term assets Foreign currency holdings and short-term assets, net (table 1, line 49 with sign reversed) Foreign currency holdings (excluding administrative cash holdings), net Receipts from: Sales of agricultural commodities Interest Repayments of principal Row or co nrantc ncVcloc yidlUo Other sources Less currencies disbursed for Grants and credits in the recipient's currency Other grants and credits Other U.S. Government expenditures Assets acquired in performance of U S Government guarantee and insurance obligations, net Other assets held under Commodity Credit Corporation Charter Act, net Assets financing military sales contracts, net2 Other short-term assets (including changes in administrative cash holdings) net -3 728 394 736 -6 191 634 -24 122 7 n 718 2,514 456 329 1,544 1,094 1 167 2 170 272 626 1 201 112 -38 117 4 283 2 n n n 2 3 4 -2 96 1 74 -218 1 40 n n 21 -12 2 15 8 2 42 328 2 19 41 139 1,407 -291 4 n n n n n 0 330 96 ii 17 206 -78 115 By program 27 28 29 30 31 32 33 34 35 Capital subscriptions and contributions to international financial institutions, excluding IMF Under Agricultural Trade Development and Assistance Act and related programs Under Foreign Assistance Act and related programs Under Export-Import Bank Act Under Commodity Credit Corporation Charter Act Under other grant and credit programs .... Other foreign currency assets acquired (lines A16, A17, and A19) Less foreign currencies used by U.S. Government other than for grants or credits (line A22) Other (including changes in administrative cash holdings), net 1,451 2,003 11,575 1,636 1,806 1,147 18 42 1,058 394 497 456 571 329 502 272 432 343 507 410 374 335 322 1,964 2,458 2,496 4,657 2,769 2,756 3,527 269 750 80 215 2 -2 186 425 55 439 3 1 407 562 44 224 4 246 355 372 321 24 237 1 21 -13 3,220 1,504 4,101 2,342 831 776 182 771 693 9 594 11 110 0 0 3 41 13 -2 3 1 192 467 211 10 2 287 1,204 282 3 41 178 -78 3 By disposition 36 37 38 39 40 41 42 43 44 45 46 47 48 Estimated transactions involving no direct dollar outflow from the United States Expenditures on U S merchandise Expenditures on U S services4 Financing of military sales contracts by U S Governments (line C6) By long-term credits By short-term credits' By grants' . U.S. Government grants and credits to repay prior U S Government credits' 4 U.S. Government long- and short-term credits to repay prior U S private credits6 and other assets Increase in liabilities associated with U S Government grants and transactions increasing Government assets (including changes in retained accounts)7 (line C11) Less receipts on short-term U.S Government assets (a) financing military sales contracts ' (b) financing repayment of private credits and other assets, and (c) financing expenditures on U S merchandise Less foreign currencies used by U S Government other than for grants or credits (line A22) Estimated dollar payments to foreign countries and international financial institutions B1 Repayments on U.S. Government long-term assets, total (table 1, line 48) Receipts of principal on U.S. Government credits 2 Under Agricultural Trade Development and Assistance Act and related programs 3 Under Foreign Assistance Act and related programs 4 Under Export-Import Bank Act . 5 Under Commodity Credit Corporation Charter Act 6 Under other credit programs .... 7 Receipts on other long-term assets 8 C1 U.S. Government liabilities other than securities, total, net increase (+) (table 1, line 60) Associated with military sales contracts2 2 U.S. Government cash receipts from foreign governments (including principal repayments on credits financing military sales contracts) 3 4 5 6 7 8 9 10 11 12 13 14 15 net of refunds.l Less U.S. Government receipts from principal repayments Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States Plus financing of military sales contracts by U S Governments (line A39) By long-term credits By short-term credits1 By grants1 Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits)' 2 (table 1, line 5) Associated with U.S. Government grants and transactions increasing Government assets (including changes in retained accounts)7 (line A45) Associated with other liabilities Sales of nuclear material by Department of Energy/U S Enrichment Corporation Sales of space launch and other services by National Aeronautics and Space Administration Other sales and miscellaneous operations See footnotes on page 74. 2,581 3,803 818 727 527 48 992 874 648 24 478 493 20 1,191 407 0 0 13,705 5,655 3,203 2,644 264 2,380 1,858 20 42 1 2 624 142 3,354 1,262 1,007 3,067 757 67 716 34 922 958 295 683 164 135 690 282 47 683 157 111 663 40 126 0 0 1 878 1,245 3,599 1,564 n 0 40 1 12 6,946 1,438 1,576 1,344 2,588 i"o2i 1,465 i"i'54 9,560 4,862 1,554 1,359 1,887 1,701 1,026 5,093 31 370 208 1,089 3 186 955 178 253 372 16 136 4,697 52 574 252 473 8 196 720 720 25 380 266 49 1,263 1,255 366 848 106 475 233 26 8 178 1,328 1,328 4,138 -3,255 -3,248 -1,485 -1,482 -1,099 -1,099 -760 -758 89 91 -644 -640 -781 -771 -620 -613 10,442 1,730 3,936 2,111 1,672 1,066 1,604 155 174 715 384 48 8 n 123 586 498 48 n8 1,917 2,860 2,178 2,445 748 289 84 278 97 174 73 296 -748 2,643 -791 527 -981 648 171 776 852 693 -241 757 -106 716 958 264 48 24 182 9 67 34 295 2,380 16 334 478 624 4,561 594 3,944 683 3,589 690 3,574 683 3,699 663 3,720 4,240 0 -6 -3 0 n1 -n 2 -n 2 -n 5 -10 7 1 -3 -2 2 -1 -1 -1 -1 -5 -3 -7 0 -5 -2 January 2001 SURVEY OF CURRENT BUSINESS 63 Table 5—Direct Investment: Income, Capital, Royalties and License Fees, and Other Private Services [Millions of dollars] Not seasonally adjusted (Credits +; debits -) 1999 Seasonally adjusted 2000 2000 1999 III" U.S. direct investment abroad: Income with current-cost adjustment, before deduction of withholding taxes (table 1 line 14) Earnings Distributed earnings Reinvested earnings Interest1 U.S. parents' receipts U.S. parents' payments Less: Current-cost adjustment Less: Withholding taxes Equals: Income without current-cost adjustment, after deduction of withholding taxes2 Petroleum Manufacturing Other Capital with current-cost adjustment (table 1, line 51) Equity capital Increases in equity capital3 Decreases in equity capital4 Reinvested earnings Intercompany debt U.S. parents' receivables U.S. parents' payables Less: Current-cost adjustment (line 8 with sign reversed) Equals: Capital without current-cost adjustment2 Equity capital (line 15) Petroleum Manufacturing Other Reinvested earnings without current-cost adjustment (line 18 less line 22) Petroleum Manufacturing Other Intercompany debt (line 19) Petroleum Manufacturing Other Royalties and license fees, before deduction of withholding taxes, net U.S. parents' receipts (table 1, part of line 9) U.S. parents' payments (table 1, part of line 26) Other private services, before deduction of withholding taxes, net U.S. parents' receipts (table 1, part of line 10) U.S. parents' payments (table 1, part of line 27) 118,802 115,132 45,492 69,640 3,670 6,527 -2,856 27,284 26,370 10,809 15,561 914 1,567 -652 28,350 8,830 19,520 878 1,550 -672 31,246 30,296 10,348 19,948 950 1,660 -710 31,044 30,116 15,505 14,611 928 1,750 -822 33,897 8,139 25,758 836 1,625 -788 38,252 37,304 10,320 26,984 948 1,766 -818 12,390 1,411 3,030 351 3,068 280 3,116 324 3,176 456 3,247 303 3,329 319 9,821 26,278 967 1,825 -859 3,422 271 23,903 25,880 27,806 27,41 31,184 3,394 2,127 1,824 2,868 4,046 8,068 8,455 8,710 7,239 9,591 14,840 15,298 16,228 15,950 17,546 ^14,184 -34,864 -44,900 -26,953 -45,788 -15,470 -8,580 -21,452 -6,591 -9,403 -18,667 -20,294 -24,956 -16,816 -12,506 3,197 11,714 3,504 10,225 3,103 -15,561 -19,520 -19,948 -14,611 -25,758 -13,153 -6,763 -3,500 -5,751 -10,627 -11,652 -9,333 -8,152 -8,888 -12,937 3,137 4,652 2,310 -1,501 2,570 -3,030 -3,068 -3,116 -3,176 -3,247 34,604 4,338 10,134 20,133 33,373 4,779 9,260 19,333 -39,985 -13,812 -18,867 5,054 -26,984 811 -857 1,669 -37,561 -11,805 -19,063 7,258 -26,278 522 -52 574 105,001 10,213 32,472 62,316 -150,901 -52,093 -80,733 28,640 -69,640 -29,167 -38,025 8,858 -12,390 -138,511 -52,093 -5,395 -14,323 -32,376 -57,250 -4,513 -14,099 -38,637 -29,167 1,015 -7,101 -23,083 22,444 24,576 -2,134 6,683 18,111 -11,427 -41,154 -31,796 -41,784 -23,777 -42,541 -15,470 -8,580 -21,452 -6,591 -9,403 -552 -433 -2,992 -1,249 -721 -2,621 -4,895 -4,266 -2,541 ^ , 9 7 2 -11,599 -2,965 -16,754 -1,058 -3,879 -12,531 -16,452 -16,832 -11,435 -22,511 -502 -876 -1,710 -1,425 -3,176 -3,565 -5,273 -4,109 -1,152 -6,255 -8,464 -10,302 -11,013 -8,858 -13,080 -13,153 -6,763 -3,500 -5,751 -10,627 1,496 -1,594 -28 -1,845 1,392 2,955 -3,332 -2,833 -6,445 -778 -639 -10,203 -5,701 ^,863 -7,378 6,092 5,464 5,441 5,327 5,447 6,681 5,999 5,941 5,948 5,955 -621 -590 -536 -500 -508 1,492 1,649 1,620 1,922 1,603 4,309 4,980 4,423 4,399 4,421 -2,477 -2,817 -2,803 -3,330 -2,818 -3,329 -36,656 -13,81; -2,569 -4,274 -6,969 -23,655 -3,200 -6,578 -13,877 811 5,119 -475 -3,833 5,467 6,096 -629 37,066 26,946 26,031 13,542 12,489 915 1,567 -652 28,804 27,926 10,311 17,615 878 1,550 -672 31,361 30,411 11,811 18,600 950 1,660 -710 31,691 30,763 9,825 20,938 928 1,750 -822 34,116 33,280 10,347 22,933 836 1,625 37,898 36,950 12,464 24,486 948 1,766 -818 37,340 36,373 11,568 24,805 967 1,825 3,030 428 3,068 32! 3,116 346 3,176 311 3,247 367 3,329 378 3,422 296 23,487 1,585 7,062 14,840 25,411 2,147 7,966 15,298 27,899 2,957 8,714 16,228 28,204 3,524 8,730 15,950 30,501 3,600 9,355 17,546 34,191 4,478 9,580 20,133 -37,487 -13,812 -18,867 5,054 -24,486 811 -857 1,669 33,621 5,010 9,278 19,333 -36,088 -11,805 -19,063 7,258 -24,805 522 -52 574 -3,329 -3,422 -41,112 -32,958 ^3,552 -33,280 -42,963 -15,470 -8,580 -21,452 -6,591 -9,403 -18,667 -20,294 -24,956 -16,816 -12,506 3,103 3,504 10,225 3,197 11,714 -12,489 -17,615 -18,600 -20,938 -22,933 -13,153 -6,763 -3,500 -5,751 -10,627 -11,652 -9,333 -8,152 -8,888 -12,937 2,310 3,137 4,652 -1,501 2,570 -3,422 -3,030 -3,068 -3,116 -3,176 -3,247 -38,082 -29,890 -40,436 -30,104 -39,716 -15,470 -8,580 -21,452 -6,591 -9,403 -552 -1,249 -433 -2,992 -721 -2,621 -4,895 -4,266 -2,541 ^,972 -11,599 -2,965 -16,754 -1,058 -3,879 -9,459 -14,547 -15,484 -17,762 -19,686 -185 -797 -1,461 -2,070 -2,685 -2,373 ^ , 0 3 6 -3,768 -3,924 -5,172 -6,901 -9,714 -10,255 -11,768 -11,829 -13,153 -6,763 -3,500 -5,751 -10,627 1,496 -1,594 -28 -1,845 1,392 2,955 -3,332 -6,445 -778 -2,833 -4,863 -7,378 -639 -10,203 -5,701 5,627 5,606 5,265 5,511 5,648 5,561 6,127 6,132 6,238 5,923 6,097 6,114 -621 -590 -500 -658 -536 -508 -34,139 -11,805 -697 -1,807 -9,301 -22,856 -3,670 -4,993 -14,194 522 -622 811 334 1,719 4,415 -2,696 1,751 4,512 1,484 4,336 -2,852 1,696 4,569 -2,873 1,752 4,693 -2,941 1,399 4,534 -3,135 -34,158 -32,666 -13,812 -11,805 -697 -2,569 -4,274 -1,807 -9,301 -21,157 -21,383 -3,232 -3,581 -5,277 -4,730 -12,648 -13,072 811 522 5,119 -622 -475 811 334 -3,833 5,622 6,251 -629 5,361 6,019 -658 1,869 4,687 1,802 4,561 -2,759 Foreign direct investment in the United States: Income with current-cost adjustment, before deduction of withholding taxes (table 1, line 31) Earnings Distributed earnings Reinvested earnings Interest1 U.S. affiliates' payments U.S. affiliates' receipts Less: Current-cost adjustment Less: Withholding taxes -56,098 -10,593 -14,790 -15,607 -15,108 -16,723 -15,686 -40,543 -7,351 -11,088 -11,512 -10,592 -12,359 -14,764 -10,935 -17,390 -3,347 -5,585 -3,615 -4,843 -5,213 -4,220 -23,155 -4,004 -5,504 -7,897 -5,750 -7,146 -6,715 -15,555 -3,242 -3,702 ^,095 -4,516 -4,363 -4,756 -4,750 -4,124 -4,525 -5,021 -5,076 -5,389 -5,344 -17,316 1,764 431 593 712 -4,364 -730 Equals: Income without current-cost adjustment, after deduction of withholding taxes2 Petroleum Manufacturing Other Capital with current-cost adjustment (table 1, line 64) Equity capital Increases in equity capital3 Decreases in equity capital4 Reinvested earnings Intercompany debt U.S. affiliates' payables U.S. affiliates' receivables Less: Current-cost adjustment (line 49 with sign reversed) -51,004 -5,114 -27,569 -18,320 275,533 212,140 235,284 -23,145 23,155 40,239 49,333 -9,093 4,364 Equals: Capital without current-cost adjustment2 Equity capital (line 56) Petroleum Manufacturing Other Reinvested earnings without current-cost adjustment (line 59 less line 63) Petroleum Manufacturing Other Intercompany debt (line 60) Petroleum Manufacturing Other 271,169 212,140 1,574 40,280 170,286 18,791 3,217 12,219 3,354 40,239 768 20,111 19,361 Royalties and license fees, before deduction of withholding taxes, net U.S. affiliates' payments (table 1, part of line 26) U.S. affiliates' receipts (table 1, part of line 9) Other private services, before deduction of withholding taxes, net U.S. affiliates' payments (table 1, part of line 27) U.S. affiliates' receipts (table 1, part of line 10) See footnotes on page 74. -6,344 -8,074 1,731 -177 -11,010 10,832 -138 -231 -1,115 -255 -1,138 -1,169 -195 -9,342 -13,503 -14,380 -13,779 -15,353 -18,000 -14,322 -1,403 -2,310 -2,557 -3,944 -4,187 -6,892 -7,581 -8,317 -4,947 -5,178 -5,215 -5,740 -5,187 56,277 49,061 101,106 65,700 33,724 133,444 27,510 73,601 49,276 6,286 76,578 50,133 14,271 137,250 35,380 48,383 -2,977 -7,984 -3,806 -1,657 -857 7,897 5,504 8,159 5,750 4,004 7,146 6,715 5,655 14,656 3,390 14,405 19,347 16,538 9,708 8,575 14,621 7,417 20,332 24,599 12,340 18,720 35 ^1,027 -2,182 -5,252 -2,632 1,138 1,089 1,091 1,169 99,968 55,188 46,727 47,946 25,737 64,531 33,724 38,686 27,510 73,601 49,276 6,286 31,117 326 632 580 754 13,038 9,515 8,802 7,286 13,111 29,447 23,883 29,252 19,644 5,885 111,266 35,411 7,021 6,808 4,652 2,913 6,031 5,546 3,132 1,880 -437 826 2,083 2,735 3,946 3,097 3,052 3,394 2,676 3,167 1,281 -57 1,831 298 794 431 1,530 781 19,347 3,390 14,405 5,655 14,656 16,538 9,708 1,150 38 -187 1,140 -223 470 555 6,405 -1,668 1,181 14,193 9,257 13,576 10,137 2,568 5,245 8,213 3,335 -899 4,593 -1,341 -1,466 -1,461 -2,076 -1,617 -1,700 -2,222 -1,802 -1,888 -1,903 -2,481 -2,078 406 442 422 522 461 461 -167 -312 429 -62 -200 294 -3,061 -2,813 -2,913 -3,059 -3,148 -2,396 3,342 2,997 2,948 2,690, 2,501 -14,106 -7,674 -3,242 -3,646 405 -1,091 -150 -260 -15,782 -15,416 -17,048 -11,565 -10,900 -12,685 -14,127 -11,032 -5,083 -4,382 -3,586 -5,638 -7,183 -7,314 -7,047 -5,949 -4,095 -4,516 -4,363 -4,756 -^,750 -4,525 -5,076 -5,389 -5,344 431 712 593 633 -1,089 -164 -14,408 -9,675 97 -1,403 -2,310 -6,101 -6,488 -6,920 -5,178 -3,671 26,779 143,802 55,563 33,724 6,286 35,380 14,271 -1,657 -7,984 7,183 4,703 3,955 5,655 14,656 16,538 8,575 14,621 18,720 -2,182 25,688 382 5,885 2,864 -437 3,316 -15 16,538 -223 14,193 528 338 -2,501 596 21,581 111,266 3,617 948 1,612 1,057 5,655 1,140 1,181 3,335 -1,448 -1,962 514 -250 -2,851 2,601 54,474 33,724 326 9,515 23,883 6,094 1,880 2,841 1,373 14,656 38 6,405 8,213 -1,551 -1,994 443 -246 -2,804 2,558 -156 -1,498 -8,060 ^,604 49,390 38,686 48,383 7,314 3,390 7,417 -4,027 1,098 48,292 38,686 632 8,802 29,252 6,216 826 4,449 941 3,390 -187 -1,668 5,245 -1,115 -249 -1,138 -507 -1,169 -242 -15,685 -17,239 -14,371 -2,557 -3,944 -4,187 -7,913 -7,555 ^,997 -5,215 -5,740 -5,187 48,962 100,323 64,933 27,510 49,276 32,669 50,133 -5,159 -857 7,047 5,949 14,405 9,708 20,332 24,599 12,340 -5,928 -5,252 -2,632 1,115 1,169 99,185 63,764 27,510 73,601 49,276 754 580 31,117 7,286 13,038 13,111 19,644 29,447 35,411 6,237 5,932 4,780 3,132 2,083 2,735 2,889 3,298 1,016 1,029 216 551 9,708 14,405 19,347 1,150 470 555 9,257 13,576 10,137 4,621 4,593 -899 -2,010 -2,256 246 -1,598 -2,140 542 -1,589 -2,187 598 -1,786 -2,323 537 -20 -2,854 2,834 484 -3,041 3,525 -122 -3,183 3,061 -146 -3,125 2,979 64 January 2001 SURVEY OF CURRENT BUSINESS Table 6.—Securities Transactions [Millions of dollars] Not seasonally adjusted (Credits +; debits -) I Foreign securities, net U.S. purchases (-), (table 1,line 52 or lines 2 + 13 below) Stocks, net U.S. purchases New issues in the United States Of which Western Europe Canada Latin America Transactions in outstanding stocks, net Western Europe Of which United Kingdom Canada .. Japan .... Other III -128,594 1,107 -71,131 -41,420 -17,150 -27,236 -38,196 -30,428 -114,401 4,951 -71,091 -30,430 -17,831 -15,817 -45,034 -12,503 -8,770 -1,121 (D) -3,047 (D) -1,361 (D) -2,614 (D) -1,496 (D) -1,988 -665 -8,075 -2,645 -3,544 -279 -186 -105,631 -43,688 -45,258 -2,456 -46,059 -13,428 6,072 15,630 12,994 ^6 -8,722 -790 -68,044 -59,414 -56,822 1,280 -8,583 -1,327 -27,816 -2,961 -188 -3,355 -8,913 -15,843 3,057 -1,242 -335 -19,841 1,276 -13,923 -571 -2,130 -3,144 -1,422 -8,786 -14,193 -3,844 -40 -34,775 -7,791 -14,208 -11,605 -1,450 -21,720 -3,790 -225 -3,776 ^,843 -1,175 -8,190 D -880 -i"477"" -36,959 -27,632 -22,761 -4,489 12,214 -17,052 -8,959 -10,245 -5,805 -2,875 5,923 -1,762 -12,587 Bonds, net U.S. purchases 681 -11,419 6,838 -17,925 -3,103 -11,187 -7,811 -22,739 -1,822 -50 -1,231 -6,500 -350 -4,337 -2,400 -6,649 -1,000 -15,090 -10,990 New issues in the United States -9,673 Central governments and their agencies and corporations Other governments and their agencies and corporations ' Private corporations International financial institutions2 By area: Western Europe Canada .. Japan .... Latin America Other countries International financial institutions2 Redemptions of U.S.-held foreign bonds3 Western Europe Canada .. Other countries International financial institutions 2 -8,797 -4,794 -50 -12,834 -8,300 -1,825 -50 -3,460 -2,456 -1,150 ^523" -231 -3,797 -724 -5,000 -1,545 -700 -6,760 -2,927 -550 -2,578 -2,064 -339 -872 -385 -2,000 -6,070 -3,425 -615 -11,788 -1,377 -2,431 -1,340 -8,648 -926 4,705 4,275 8,086 1,403 1,123 1,542 2,352 1,237 572 543 6,573 1,234 1,785 3,083 471 6,081 1,436 795 2,918 932 2,364 433 1,008 5,626 491 3,886 853 5,951 1,855 750 2,661 685 2,113 -3,629 -2,452 328 2,222 3,192 484 1,890 1,250 -257 -1,718 569 11,816 9,356 10,358 334 3,206 -1,080 -7,890 -9,025 -9,071 -37 -788 1,960 -2,297 -5,850 -4,989 288 1,522 1,743 -2,596 -8,719 -9,377 -531 1,825 4,829 9,023 -648 -942 -2,033 1,515 10,189 -1,137 -12,190 -13,866 3,857 1,517 5,679 331,523 62,815 95,620 92,250 132,416 87,107 118,882 98,709 9,767 29,887 24,704 34,351 61,194 26,333 46,792 91,276 12,930 4,659 39,973 -1,875 5,127 4,181 18,306 2,348 2,078 7,073 1,171 -2,899 -6,811 19,337 3,798 3,105 4,658 -825 2,059 9,316 22,308 17,492 -806 3,451 -249 31,325 5,796 461 10,750 -1,415 2,516 1,925 57,936 15,528 6,750 13,461 1,714 -5,346 6,890 34,032 9,286 2,266 8,883 736 -1,073 -7,362 37,985 3,638 3,546 18,064 55 3,538 5,214 Corporate and other bonds, net foreign purchases 232,814 53,048 50,951 70,916 57,899 71,222 60,774 72,090 By type: New issues sold abroad by U.S. corporations U.S. federally sponsored agency bonds, net Other outstanding bonds, net 41,843 73,738 117,233 25,617 7,823 17,044 26,084 18,298 21,161 31,457 6,390 17,434 34,075 13,560 26,577 31,085 17,759 18,997 24,018 23,788 28,588 19,714 By area Western Europe Of which Germany Switzerland United Kingdom Canada Japan Other countries International financial institutions2 134,787 6,394 4,159 106,720 4,476 17,564 75,551 436 31,169 1,846 1,088 23,549 1,082 1,318 19,656 -177 31,429 1,389 471 25,286 533 1,527 17,465 -3 41,897 2,359 1,442 32,024 1,067 8,900 18,503 549 30,292 800 1,158 25,861 1,794 5,819 19,927 67 44,628 191 760 40,075 3,370 4,303 19,032 -111 33,080 1,223 565 27,013 2,149 8,033 17,508 4 41,592 839 1,061 35,009 3,096 10,935 16,282 185 -9,861 20,350 1,543 -643 -767 -7,081 5,993 -310 415 -9,085 -3,076 5,792 -678 161 4,657 -1,093 1,835 1,590 -1,405 13,899 1,389 6,730 941 186 -10,238 7,971 8,107 423 3,586 10,334 491 413 -14,152 -6,816 14,272 422 213 -7,987 Other transactions in outstanding bonds, net * Western Europe Of which United Kingdom Canada . Japan ... Other .... U.S. securities, excluding Treasury securities and transactions of foreign official agencies, net foreign purchases (+), (table 1, line 66 or lines 2 + 10 below) Stocks, net foreign purchases By area: Western Europe Of which Germany Switzerland United Kingdom Canada Japan Other. 3,463 Memoranda*. Other foreign transactions in marketable, long-term U.S. securities included elsewhere in international transactions accounts: Foreign official assets in the United States (lines in table 9): U.S. Treasury marketable bonds (line A4) Other U.S. Government securities (line A6) U.S. corporate and other bonds (part of line A14) U.S. stocks (part of line A14) Other foreign transactions in U.S. Treasury bonds and notes (table 9, line B4) See footnotes on page 74. 65 January 2001 SURVEY OF CURRENT BUSINESS Table 7.—Claims on and Liabilities to Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns [Millions of dollars] Not seasonally adjusted Line (Credits +; increase in U.S. liabilities or decrease in U.S. assets. Debits -; decrease in U.S. liabilities or increase in U.S. assets.) I A1 Amounts outstanding Sept. 30, 2000 2000 1999 1999 II III IV 1 II' III 1 -14 223 -25,734 -27,943 -24 428 -52 563 -36 507 931 720 947 -87,134 -71,604 -15530 -14,590 -7,663 -6927 -24,647 -22,559 -2 088 -26,183 -23,011 -3 172 -21,714 -18,371 -3343 -52,983 -46,144 -6 839 -36,595 -37,959 1 364 931 931 684,540 591,959 92581 By type: Deposits2 .... Financial intermediaries' accounts Other claims2 ^ -68,362 -14,406 -4,366 -15,048 802 -344 -19,821 -4,311 -515 -17,365 -7,685 -1,133 -16,128 -3,212 -2,374 -39,877 -12,622 ^84 -31,725 -3,911 -959 8 9 10 11 12 By area: Industrial countries4 Of which United Kingdom Canada Caribbean banking centerss Other -58,628 -31,046 -4,238 -26,149 -2,357 -24,918 -17,695 -2,918 11,006 -678 -11,994 -13,613 805 -12,339 -314 -5,312 6,861 -235 -19,307 -1,564 -16,404 -6,599 -1,890 -5,509 199 -23,974 -27,264 1,288 -27,299 -1,710 -21,763 -8,815 155 -13,585 -1,247 13 14 15 Commercial claims Denominated in U.S dollars Denominated in foreign currencies -5,194 -4,616 -578 367 107 260 -1,087 -1,099 12 -1,760 -926 -834 -2,714 -2,698 -16 420 1,451 -1 031 88 -1,277 1 365 36,407 34,534 1 873 -5,393 199 478 -111 -1,067 -20 -1,606 -154 -3,198 484 1,227 -807 206 -118 31,262 5,145 -3,973 -539 -682 47 22 298 -139 -362 -586 -1,444 -68 -248 -2,437 -131 -146 340 151 -71 316 111 -339 792 CM CO -^ -92 328 5 6 7 16 17 18 19 20 Claims total (table 1 line 53) Financial claims Denominated in U.S dollars Denominated in foreign currencies By type: Trade receivables Advance payments and other claims 4 By area: Industrial countries Members of OPEC6 Other B1 Liabilities, total (table 1, line 68) 2 3 4 5 6 Financial liabilities Denominated in U.S dollars Denominated in foreign currencies By type: Financial intermediaries' accounts Other liabilities 34,298 27,928 13,663 -8,085 38,975 47,488 -8,513 31,079 27,063 4,016 13,814 22,511 -8,697 -8,023 -9,295 1,272 42,600 -3,625 17,909 13,170 15,441 -1,627 5,197 -4,266 546,928 125,981 11,631 371,940 219,284 9,163 296,805 15,795 5J97" -4,266 ' 22,082 2,193 12,132 58,061 24,038 2,633 573,234 2,105 7,209 -5,104 58,555 53,629 4,926 22,262 17,314 4,948 2,633 2,633 546,768 515,131 31,631 3,462 -11,485 5,788 -3,683 36,250 22,305 -6,317 28,579 6,306 -3,673 219,589 327,179 2,598 -12,368 16,523 3,141 6,306 -3,673 351,205 218,457 174,557 21,006 7 8 9 10 By area: Industrial countries4 Of which United Kingdom Caribbean banking centers ^ Other 54,682 38,868 -17,681 1,974 26,176 23,021 3,398 1,505 24,003 13,299 -12,435 2,246 -4,382 -4,697 -2,363 -1,278 8,885 7,245 -6,281 ^99 59,770 44,633 -3,492 2,277 11 12 13 Commercial liabilities Denominated in U.S dollars Denominated in foreign currencies -4,677 -4,977 300 -3,151 -3,533 382 -151 -203 52 -62 -102 40 -1,313 -1,139 -174 -494 -69/ 197 1,776 1,924 -148 26,466 25,061 1,405 14 15 By type: Trade payables Advance receipts and other liabilities 1,886 -6,563 -979 -2,172 936 -1,087 1,716 -1 778 213 -1 526 -458 -36 1,363 413 13,764 12 702 16 17 18 By area: Industrial countries4 Members of OPEC6 Other -4,013 -162 -502 -2,713 -478 40 382 -240 -293 -822 695 65 -860 -139 -314 -882 -328 716 296 1,301 179 13,565 4,384 8,517 See footnotes on page 74. 66 January 2001 SURVEY OF CURRENT BUSINESS Table 8.—Claims on Foreigners Reported by U.S. Banks [Millions of dollars] Not seasonally adjusted (Credits +; decrease in U.S. assets. Debits - ; increase in U.S. assets.) Line 1999 1999 2000 Amounts outstanding Sept. 30,2000 I II III IV I IK III'' 1 Total (table 1 line 54) -69,862 28,487 -41,786 -11,259 -45,304 -55,511 18,320 -11,383 1,164,098 By type: Banks' own claims ^45,800 34,518 -29,125 -16,486 -34,707 -16,047 -12,028 -22,050 908,729 -42,247 40,271 -39,990 -8,191 -34,337 -18,513 -12,008 -22,476 848,374 -27,322 4,976 -11,671 -8,230 32,666 12,237 -11,211 6,579 -20,826 -10,092 -2,596 -6,476 54 -39,216 2,049 2,347 -12,641 -211 4,308 -23,821 5,197 -946 1,057 -1,044 3,119 -5,425 -8,658 -26,614 1,214 1,072 1,852 579,876 91,697 40,389 136,412 11,709 -9,211 1,778 26,433 -2,345 4,415 9,355 -11,011 -9,833 -2,710 13,634 11,372 -1,287 -15,897 -3,522 4,419 -4,392 172,955 27,661 30,307 -39,031 15,624 -6,767 6,233 10,062 -5,302 -30,181 -5,024 -915 13,122 1,661 -28,205 8,925 -1,082 -37,455 -5,204 1,744 14,853 7,010 -4,045 -22,222 532 -1,437 -14,912 4,520 -3,745 -5,974 -8,092 -1,673 -10,964 1,690 7,889 -971 -346 -369 -14,457 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Payable in dollars By borrower: Claims on: own foreign offices .. unaffiliated foreign banks foreign public borrowers' other private foreigners By type of reporting institution 2 U.S.-owned banks' claims on own foreign offices . unaffiliated foreign banks other foreigners Foreign-owned banks' claims on own foreign offices unaffiliated foreign banks other foreigners U.S. brokers' and dealers' claims on unaffiliated foreign banks other foreigners Payable in foreign currencies Banks' domestic customers' claims Payable in dollars Deposits Foreign commercial paper1 Other negotiable and readily transferable instruments4 Outstanding collections and other Payable in foreign currencies 906 -65 -13,068 2,061 138 782 540 -848 251 -174 423 3,946 406,921 45,201 73,907 18,835 72,587 -3,553 -5,753 10,865 -8,295 -370 2,466 -20 426 60,355 -24,062 -29,710 -6,930 -12,572 -11,195 -6,031 -15,710 -13,668 -3,367 -39,464 -38,537 -22,859 -14,415 -1,892 30,348 27,397 22,435 1,025 9,679 5,227 -6,713 7,353 -2,939 -7,347 -3,780 11,940 -10,597 -7,061 987 -12,661 -226 -1,544 5,248 -6,168 2,238 -12,435 10,667 10,988 18,715 -9,355 -1,614 3,242 -321 255,369 236,246 87,340 115,978 21,093 11,835 19,123 -2,482 -9,566 -2,201 1,158 -686 -152 -1,113 -2,366 -7,321 -3,704 7,128 -2,539 5,762 -2,114 20,956 31,056 -8,102 -2,117 -5,389 -2,594 5,648 300 929 -11,514 2,020 1,504 -3,536 629 -927 875 7,161 -3,074 2,951 24 25 26 27 28 29 By area: Industnal countriess Western Europe Of which United Kingdom Canada Japan Other -63,433 -105,283 -36,433 19,126 20,917 1,807 9,168 -6,063 6,185 9,256 5,816 159 -57,451 -78,937 -40,742 9,398 15,089 -3,001 366 678,147 561,652 234,608 60,921 39,871 15,703 30 Caribbean banking centers6 -20,423 11,407 11,186 -9,588 -33,428 30,572 338 -5,175 333,337 31 32 33 34 35 36 Other areas Of which Members of OPEC, included below7 Latin America Asia Africa Other8 13,994 5,587 6,197 6,990 7,912 6,419 4,205 5,643 4,479 3,864 1,161 1,059 811 792 -1,557 2,783 -3,189 -3,139 -1,952 3,477 5,958 2,782 3,828 -3,842 1,268 -4,322 1,669 -469 -720 152,614 17,984 88,129 54,409 2,299 7,777 164 -12,668 -10,717 325 -92,041 -84,353 -13,589 -6,221 647 942 402 182 30 328 684 118 -135 -2,338 2,077 1,187 -1,061 1,328 -2,974 -697 1,080 -3,355 -150 -549 -26,321 18,188 -7,122 -25,462 -11,925 -30,449 14,577 -17,673 277,266 -34,334 5,505 10,721 7,453 -8,683 -37,852 6,889 114 905 78 436 10,697 3,879 -398 -20,387 298 -25,319 -401 -355 -11,053 -1,891 336 203,018 37,496 5,713 31,039 -2,132 -9,793 8,808 -39,257 -52 206 Memoranda: 1 International banking facilities' (IBF's) own claims, payable in dollars (lines 1-13 above) 2 3 4 5 6 7 8 By borrower: Claims on: own foreign offices unaffiliated foreign banks foreign public borrowers all other foreigners By bank ownership 2 U.S.-owned IBF's Foreign-owned IBF's Banks' dollar acceptances payable by foreigners See footnotes on page 74. 2,172 -284 344 279 938 -10,682 -15,639 -152 3,559 14,629 ^1,594 -2,528 34 30 613 -7,515 -17,947 -164 316 796 399 1,602 -6,155 20,732 -618 5,437 -23,110 255 71,735 205,531 4,827 January 2001 SURVEY OF CURRENT BUSINESS • 67 Table 9.—Foreign Official Assets and Other Foreign Assets in the United States Reported by U.S. Banks [Millions of dollars] Not seasonally adjusted Line (Credits +; increase in foreign assets. Debits -; decrease in foreign assets.) 2 3 4 5 6 7 8 9 10 11 12 13 14 By type: U.S. Treasury securities (table 1, line 58) Bills and certificates Bonds and notes, marketable Bonds and notes, nonmarketable Other U.S. Government securities (table 1, line 59) Other U.S. Government liabilities (table 1, line 60) U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 61) Banks' liabilities for own account, payable in dollars' Demand deposits Time deposits1 2 Other liabilities Banks' custody liabilities, payable in dollars' ^ Other foreign official assets (table 1, line 62) Amounts outstanding Sept. 30, 2000 II III IV I 42,864 4,274 -1,096 12,191 27,495 22,015 6,346 11,625 918,290 12,177 22,000 -9,861 38 20,350 -3,255 12,692 17,117 338 -806 17,585 -4,425 900 800 7,764 -7,081 117 5,993 -1,485 -1,139 -3,259 390 -5,966 2,317 2,120 105 -6,708 -3,423 -3,076 -209 5,792 -1,099 1,436 1,448 -441 2,783 -894 -12 -517 12,963 13,939 -1,093 117 1,835 -760 -2,032 -1,665 -20 -1,052 -593 -367 185 5,122 3,720 1,389 13 6,730 89 14,427 20,593 409 3,429 16,755 -6,166 1,127 16,198 8,604 7,971 -377 8,107 -644 -2,577 -10,428 -960 1,175 -10,643 7,851 931 -4,000 -7,591 3,586 5 10,334 -781 -111 1,262 506 3,403 -2,647 -1,373 904 -9,001 -1,692 -6,816 -493 14,272 -620 6,339 6,058 2,322 2,901 835 281 635 586,980 155,498 426,235 5,247 84,476 13,047 142,468 94,507 5,209 36,421 52,877 47,961 91,319 46,939 -21,456 31,744 34,224 2,427 -18,072 26,346 1,339 1,742,948 -20,464 -7,505 -5,407 9,639 -17,191 -9,248 -20,597 -12,642 632,462 -19,697 -767 1,580 -9,085 -10,064 4,657 -4,260 13,899 -6,953 -10,238 649 -9,897 -6,445 -14,152 -4,655 -7,987 19,106 613,356 67,403 70,905 73,735 -13,951 -4,139 -8,423 37,151 43,990 45,717 24,585 17,883 9,740 19,618 13,171 26,701 -8,824 3,019 4,331 46,943 48,887 54,543 13,981 18,322 15,956 1,110,486 1,023,938 945,066 40,339 -29,803 41,637 -8,982 37,487 5,337 24,556 16,061 644,209 13,021 16,227 4,148 965 5,221 15,194 5,850 2,476 -4,246 8,292 1,093 9,337 -2,086 7,437 -16,137 -12,669 2,236 9,427 958 12,383 16,646 -1,105 1,241 -241 26,727 150,508 123,622 40,339 13,002 17,291 3,103 -29,803 2,840 14,769 3,771 41,637 4,817 -2,118 1,381 -8,982 5,979 9,866 2,877 37,487 -634 -5,226 -4,926 5,337 -4,932 697 3,229 24,556 10,461 16,556 2,970 16,061 -805 6,220 -5,520 644,209 130,934 154,520 15,403 50 067 7,763 18,970 -2,628 -6,121 154 24,386 2,457 7,325 2,557 15,625 20,984 10^271 734 7,301 -10^426 -11,888 64,703 -282 -4,758 -2,916 3318 900 314,287 28^307 55,910 -9,728 5,220 7,429 -27,175 6,912 8,476 17,251 -891 3,454 -16,307 5,808 -1,925 16,503 -6,609 -2,576 -1,964 3,315 5,349 -40,147 1O',559 10,129 18,977 -2,037 -2,422 329,922 88,397 62,934 19 -6,005 2,049 9,910 4,652 -6,648 -2,386 -957 -4,296 -8,310 2,179 10,465 184 14,155 -2,586 2,222 14,230 51,079 -2,830 4,284 -1,727 8,143 -13,530 -1,312 -5,656 2,366 78,872 -3,502 -5,323 -9,812 -10,609 -6,839 -8,804 6,702 7,760 6,447 6,330 -11,843 -12,482 -1,944 -1,880 -4,341 -4,423 86,548 72,636 -39,237 -11,462 13,794 -41,569 46,610 39,566 5,506 11,998 24,187 -70 3,451 -25,193 -5,539 709 -20,363 -8,116 11,853 465 4,596 4,052 -180 3,385 -11,616 -4,839 3,558 -10,335 33,940 9,420 351 5,935 911 -138 2,712 15,133 16,131 4,286 -5,284 10,188 8,903 86 2,425 4,893 16 1,569 -17,561 -17,215 5,241 -5,587 10,598 9,390 4,604 -958 14,331 232 -25,938 -6,790 2,346 -21,494 9,520 -1,654 -3,488 1,192 -5,479 433 2,200 -9,238 -14,354 3,439 1,677 32,590 2,994 2,633 -1,264 1,409 -13 2,862 10,281 15,850 -2,682 -2,887 -2,496 -6,446 3,667 -923 -578 166 -5,111 990,048 713,878 52,522 223,648 462,254 290,646 40,684 100,363 155,800 5,202 29,281 -6,613 -23,365 8,364 4,640 3,748 -10,812 8,696 30,501 392,211 ^,084 1,148 -6,049 2,372 -21,576 596 -5,196 2,811 7,700 -2,306 1,226 1,744 -337 8,943 -3,582 -384 10,129 -6,085 1,503 -1,799 -20,268 2,638 5,443 1,375 -8,013 11,542 1,327 3,840 28,888 -446 243 1,816 226,782 88,339 39,617 37,473 16,174 -22,787 -1,809 -21,556 2,882 5,482 6,041 -1,401 9,060 -5,312 -11,783 971 8,483 213 -3,690 34,191 71,998 320,213 3,319 -3,991 -466 1,798 5,978 -2,289 -1,485 -580 39,931 I A1 Foreign official assets in the United States, net (table 1 line 56) 2000 1999 1999 IK III/' Dw nraa- /con tovf tohlo H\ dy area, (see lexi laoie u). B1 Other foreign assets in the United States net (table 1 lines 65 and 69) By type: 2 U S Treasury securities (line 65) 3 4 By security: Bills and certificates Marketable bonds and notes 5 6 7 U.S. liabilities reported by U S banks (line 69) Banks' own liabilities[ Payable in dollars 9 10 11 By account: Liabilities to own foreign offices Liabilities to unaffiliated foreigners demand deposits time deposits' 2 other liabilities 12 13 14 15 By holder: Liabilities to: own foreign offices unaffiliated foreign banks other private foreigners international financial institutions 4 8 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 By type of reporting institution:5 U.S.-owned banks' liabilities to: own foreign offices unaffiliated foreign banks other private foreigners and international financial institutions4 Foreign-owned banks' liabilities to own foreign offices unaffiliated foreign banks other private foreigners and international financial institutions4 U.S. brokers' and dealers' liabilities to unaffiliated foreign banks other private foreigners and international financial institutions4 Payable in foreign currencies Banks' custody liabilities, payable in dollars ' 7 Of which negotiable and readily transferable instruments By area: Industrial countries 6 Western Europe Canada Other Caribbean banking centers7 Other areas Of which Members of OPEC, included below 8 Latin America Asia Africa 9 Other Memoranda: 1 International banking facilities' (IBF's) own liabilities, payable in dollars (in lines A9, and B7 above) .... 2 3 4 5 By holder: Liabilities to: own foreign offices unaffiliated foreign banks foreign official agencies other private foreigners and international financial institutions4 6 7 By bank ownership:5 U.S -owned IBF's Foreign-owned IBF's 8 Negotiable certificates of deposit held for foreigners1 (in lines A13 and B25 above) See footnotes on page 74. 68 SURVEY OF CURRENT BUSINESS January 2001 Table 10.-U.S. International [Millions European Unio I 1 4 Western Europe Line 2000 2000 1999 (Credits +; debits - ) ' 1999 1999 II IIr I IV III III* III II Current account 1 Exports of goods and services and income receipts Exports of goods and services 2 Goods, balance of payments basis 2 3 4 Services3 Transfers under U.S. military agency sales contracts4 5 fi Travel 7 Passenger fares Other transportation . 8 Royalties and license fees 5 9 Other private services5 10 U.S. Government miscellaneous services 11 12 Income receipts Income receipts on U.S -owned assets abroad 13 Direct investment receipts 14 Other private receipts 15 U.S. Government receipts 16 Compensation of employees 17 18 Imports of goods and services and income payments Imports of goods and services 19 20 Goods, balance of payments basis 2 21 Services3 Direct defense expenditures 22 Travel 23 24 Passenger fares Other transportation 25 Royalties and license fees 5 26 Other private services5 27 U.S. Government miscellaneous services 28 Income payments 29 Income payments on foreign-owned assets in the United States 30 Direct investment payments 31 Other private payments 32 U.S. Government payments 33 Compensation of employees 34 35 Unilateral current transfers, net U.S. Government grants 4 36 U.S. Government pensions and other transfers 37 Private remittances and other transfers 6 38 379,767 92,230 94,209 100,588 104,910 109,343 109,132 342,301 83,231 84,985 259,788 63,705 63,713 68,675 68,077 70,535 70,624 236,481 58,074 57,827 162,518 40,175 37,735 43,334 43,726 44.452 42,590 148,907 36,851 34,452 97,270 4,479 23,530 1,175 25,978 1,263 25,341 24,351 28,034 23,375 957 981 87,574 2,764 21,223 869 26,083 1,001 734 799 24,397 7,015 8,085 6,003 1,704 1,958 7,260 2,133 2,155 6,308 1,733 2,078 5,470 1,368 2,147 7,061 1,817 2,253 8,460 2,314 2,448 22,369 6,700 7,092 5,528 1,624 1,722 6,660 2,008 1,901 18,757 34,361 4,559 8,090 4,560 8,552 4,954 9,360 4,558 9,811 4,571 9,338 4,480 9,306 17,648 30,851 4,300 7,279 4,293 7,666 176 41 55 39 40 42 45 150 36 48 119,979 119,823 53,136 65,896 28,525 28,486 12,741 15,619 30,496 30,457 13,406 16,829 31,913 31,873 13,313 18,408 36,833 36,795 16,374 20,168 38,808 38,769 16,957 21,665 38,508 38,471 16,473 21,754 105,820 105,676 45,302 59,726 25,157 25,121 10,802 14,209 27,158 27,122 11,705 15,239 791 156 126 39 222 39 152 40 253 38 147 39 244 37 648 144 110 36 178 36 -447,023 -110,444 -116,726 -119,946 -120,768 -130,643 -131,036 -402,925 -100,418 -105,108 -68,278 -293,280 -73,300 -76,169 -78,728 -77,357 -83,340 -85,503 -264,422 -66,661 -214,756 -52,545 -54,390 -59,558 -58,413 -59,737 -60,504 -194,527 -48,041 -49,099 -78,524 -7,789 -20,755 -1,901 -21,779 -2,068 -19,170 -2,024 -18,944 -1,981 -23,603 -1,986 -24,999 -2,080 -69,895 -6,455 -18,620 -1,617 -19,179 -1,642 -20137 -10,683 -11,181 - 6 243 -2,994 -2,680 - 6 456 -3,062 -3,017 - 3 984 -2,347 -2,950 - 3 784 -2,491 -3,028 - 6 875 -3,361 -3,345 - 7 371 -3,560 -3,656 -18 325 -9,577 -9,284 -5 747 -2,673 -2,221 - 5 732 -2,743 -2,521 -7,433 -20,173 -1,128 -1,776 ^,888 -273 -1,791 -5,074 -311 -2,113 -5,470 -282 -1,922 -5,455 -283 -1,850 -5,899 -287 -1,899 -6,141 -292 -6,113 -19,179 -962 -1,472 •4,656 -234 -1,438 ^,835 -268 -153,743 -153,421 -42,495 -70,217 -40,709 -322 -37,144 -37,067 -10,660 -16,426 -9,981 -40,557 ^0,485 -12,015 -18,280 -10,190 -41,218 -41,133 -10,815 -19,857 -10,461 -43,411 -43,325 -11,890 -20,598 -10,837 -47,303 ^7,227 -13,815 -22,647 -10,765 ^5,533 -45,461 -10,994 -23,818 -10,649 -33,757 -33,694 -9,573 -14,891 -9,230 -36,830 -36,770 -10,823 -16,541 -9,406 -77 -72 -85 -86 -76 -72 -138,503 -138,243 -36,962 -63,702 -37,579 -260 -1,077 -676 -1,381 -131 -119 -330 -299 -234 -338 -392 -142 -384 -395 -166 -351 -251 -134 -341 -372 -132 -355 -63 126 -4 -60 99 -2 -297 318 273 134 122 224 115 -1,187 1,449 -298 980 428 398 96 36 37 14 37 37 37 134 33 34 -276,996 -150,307 -56,412 -35,065 -149,764 -40,716 -67,869 -239,284 -126,777 -43,972 5,477 348 -103 -63 -379 -310 -4,124 -2,257 -159 -66 5,477 103 87 -310 -4124 - 2 257 -159 28 -39 85 -18 244 -308 -275 -196 311 11 590 -71 9 -29 35 3 -66 -15 288 -4 256 -73 295 34 14 -197 -63 150 -40 255 -65 -379 928 -89 348 61 -36 91 6 -282,977 -70,907 -52,588 -54 231 -105 251 150,716 -8,019 -52,685 -11 078 -78 934 -56 396 -27,836 -16,198 -2 796 -9 566 -35,152 -9,803 -2,024 -12 624 -10 701 -149 641 -29,237 -9,730 -26 331 -84 343 -40 434 -19,974 -33,860 -17 651 31 051 -63,759 -23,754 -32,647 - 7 358 -237,271 -58,212 -57,510 -52 723 -68 826 -126,627 -8,074 -55,127 - 9 762 -53 664 -43 891 -25,789 -16,950 - 3 739 2 587 487,998 192,337 111,299 92,231 190,802 136,786 146,995 446,550 167,495 99,213 -15,231 -9,845 -1,055 (17) 86 1,661 2,228 (I7) -936 252 -10 Capital and financial account Capital account 39 Capital account transactions, net Financial account 40 U.S.-owned assets abroad, net (Increase/financial outflow (-)) 41 42 U.S. official reserve assets, net Gold 7 Special drawing rights Reserve position in the International Monetary Fund Foreign currencies 43 44 45 U.S. Government assets, other than official reserve assets, net 46 47 U S credits and other long-term assets Repayments on U S credits and other long-term assets 8 48 49 U S foreign currency holdings and U S short-term assets net U S private assets, net 50 Direct investment 51 Foreign securities 52 U S claims on unaffiliated foreigners reported by U S nonbanking concerns 53 U S claims reported by U S banks not included elsewhere 54 55 Foreign-owned assets in the United States, net (increase/financial inflow (+)) Foreign official assets in the United States, net 56 U.S Government securities 57 US Treasury securities9 58 Other 10 . 59 Other US Government liabilities u .. 60 U S liabilities reported by U S banks not included elsewhere 61 Other foreign official assets 12 . 62 Other foreign assets in the United States net 63 Direct investment 64 65 66 U.S. US US US US Treasury securities securities other than U S Treasury securities currency liabilities to unaffiliated foreigners reported by U S nonbanking concerns liabilities reported by U S banks not included elsewhere 67 68 69 70 Statistical discrepancy (sum of above items with sign reversed) 71 72 73 74 75 76 Memoranda: Balance on goods (lines 3 and 20) Balance on services (lines 4 and 21) Balance on goods and services (lines 2 and 19) Balance on income (lines 12 and 29) Unilateral current transfers, net (line 35) Balance on current account (lines 1, 18, and 35 or lines 73, 74, and 75) 1 3 See footnotes on page 74. 504 -335 C177) M -1,489 (17) |l7J 503 229 233 626 (17) 226 061 55107 (17) C7) M M -611 (17) 202182 130 899 (17) 50 765 25 230 (17) (17) -503 (17) (17) 112 354 36112 (17) C7) 17 56 (17) (17) 92145 39 634 (17) 17 17 (17) 17 - 3 884 61 617 17 18 18 (17) (17) (17) H 134 558 80 869 102 565 67112 i17) 147 931 52 990 (17) 79 577 933 (18) 18 (18) -185 (17) M (18\ -209 189 141 34 952 (18\ 17 -432 (17) 64 206 (17) (18) 190 -9 18 18 -530 (18) -340 -182 (.8) (18) jisj (18) (18) (18) M (18) 31 870 132 757 228 078 '(18) (18) (18) 62 574 47 034 215 821 8 070 ( t7 ) 58 425 -142 765 -23 721 -32108 -37 402 -24 822 -74 556 -56 887 147 028 -23 690 -35 251 -52,238 18,746 -33,492 -33,764 -1,077 -68,333 -12,370 2,775 -9,595 -8,619 -131 -18,345 -16,655 4,199 -12,456 -10,061 -299 -22,816 -16,224 6,171 -10,053 -9,305 -392 -19,750 -14,687 5,407 -9,280 -6,578 -395 -16,253 -15,285 2,480 -12,805 - 8 495 -251 -21,551 -17 914 3,035 -14 879 - 7 025 -372 -22,276 -45 620 17,679 -27,941 -32,683 -11 190 2,603 -8,587 -8,600 -14 647 4,196 -10,451 -9,672 (17) (17) (17) (17) (17) (17) 18 46 451 -43 270 18 23 376 -35 332 18 - 5 230 10 181 252 126 99 -60,372 17,061 -20,024 SURVEY OF CURRENT BUSINESS 69 January 2001 Transactions, by Area of dollars] European Union 14 1999 European Union (6) 1 5 United Kingdom II' III* Line 1999 1999 I IV 2000 1999 2000 1999 2000 II III IV I II' III* II III IV 1 III* 89,778 93,199 98,064 98,510 108,060 25,845 27,367 28,644 31,984 33,066 32,697 179,061 43,755 44,282 46,703 46,714 48,950 50,496 1 62,125 60,474 64,040 64,440 64,988 15,877 16,423 16,724 17,178 17,774 17,607 130,427 32,101 31,722 34,421 32,993 34,708 35,936 2 39,122 38,838 40,529 39,256 37,321 9,308 8,972 9,239 10,030 10,097 9,587 87,485 21,601 20,132 23,394 22,753 23,400 23,568 3 23,003 638 21,636 592 23,511 617 25,184 607 27,667 404 6,569 97 7,451 85 7,485 104 7,148 90 7,677 93 8,020 92 42,942 979 10,500 288 11,590 339 11,027 183 10,240 209 11,308 218 12,368 214 4 5 5,765 1,660 1,818 4,922 1,326 1,849 6,478 1,725 1,940 7,761 2,177 2,139 8,398 2,535 1,719 2,016 617 415 2,499 732 464 2,240 684 446 1,979 508 419 2,541 678 460 2,911 791 511 10,197 3,390 3,676 2,561 823 889 3,106 1,048 1,010 2,526 800 944 2,070 663 972 2,790 847 999 3,620 1,136 1,123 6 7 8 4,643 8,447 32 4,261 8,650 36 4,214 8,499 38 4,064 8,395 41 3,518 11,055 38 829 2,587 8 887 2,768 16 929 3,076 6 947 3,198 7 799 3,099 7 798 2,909 8 9,881 14,751 68 2,424 3,502 13 2,346 3,717 24 2,602 3,951 21 2,265 4,037 24 2,279 4,149 26 2,143 4,104 28 9 10 11 27,653 27,616 10,972 16,528 116 37 32,725 32,690 14,247 18,232 211 35 34,024 33,988 14,542 19,313 133 36 34,070 34,036 14,300 19,531 205 34 43,072 43,004 14,464 28,519 21 68 9,968 9,951 3,135 6,816 10,944 10,927 3,521 7,406 14,806 14,789 6,141 8,648 15,292 15,274 6,300 8,974 15,090 15,073 5,786 9,287 17 17 11,920 11,902 4,072 7,809 21 18 17 18 17 48,634 48,574 24,972 23,164 438 60 11,654 11,639 6,058 5,488 93 15 12,560 12,545 6,701 5,742 102 15 12,282 12,267 5,721 6,467 79 15 13,721 13,707 6,386 7,186 135 14 14,242 14,228 6,358 7,753 117 14 14,560 14,547 6,779 7,636 132 13 12 13 14 15 16 17 -106,800 -108,057 -117,476 -117,195 -142,631 -35,244 -37,586 -38,330 -40,081 -42,513 -43,654 -205,092 -51,408 -53,034 -53,784 -53,725 -57,966 -56,007 18 -69,954 -68,945 -75,317 -76,507 -63,300 -15,891 -16,450 -16,565 -16,866 -17,714 -17,724 -156,078 -39,565 -39,883 -41,176 -40,170 -43,600 ^4,424 19 -52,942 -52,155 -54,434 -54,757 -38,789 -9,636 -9,927 -10,450 -10,523 -10,755 -10,558 -121,105 -29,993 -30,377 -32,823 -31,997 -32,910 -33,551 20 -17,012 -1,631 -16,790 -1,585 -20,883 -1,520 -21,750 -1,600 -24,511 -663 -6,255 -182 -6,523 -173 -6,115 -154 -6,343 -158 -6,959 -152 -7,166 -150 -34,973 -5,324 -9,572 -1,332 -9,506 -1,352 -8,353 -1,327 -8,173 -1,298 -10,690 -1,275 -10,873 -1,350 21 22 -3,640 -2,136 -2,458 -3,512 -2,212 -2,474 -6,329 -2,999 -2,757 -6,544 -3,189 -2,986 -5,457 -3,818 -2,507 -1,603 -964 -577 -1,589 -1,037 -696 -1,155 -909 -683 -1,217 -998 -640 -1,766 -1,086 -737 -1,815 -1,208 -782 -9,381 -4,044 -4,445 -3,072 -1,245 -1,083 -2,879 -1,125 -1,189 -1,826 -877 -1,170 -1,758 -873 -1,179 -3,384 -1,401 -1,284 -3,288 -1,323 -1,394 23 24 25 -1,691 -5,216 -240 -1,568 -5,195 -244 -1,501 -5,530 -247 -1,469 -5,710 -252 -1,749 -10,220 -97 -469 -2,440 -20 -373 -2,625 -30 -395 -2,791 -28 -401 -2,910 -19 -334 -2,864 -20 -377 -2,813 -21 -3,281 -7,788 -710 -740 -1,943 -157 -832 -1,938 -191 -879 -2,087 -187 -848 -2,020 -197 -806 -2,341 -199 -830 -2,485 -203 26 27 28 -36,846 -36,779 -9,109 -18,015 -9,655 -67 -39,112 -39,044 -10,429 -18,615 -10,000 -68 ^2,159 ^2,097 -12,196 -19,901 -10,000 -62 -40,688 -40,629 -9,865 -20,871 -9,893 -59 -79,331 -79,248 -12,355 ^5,660 -21,233 -83 -19,353 -19,333 -3,219 -10,928 -5,186 -20 -21,136 -21,116 -3,960 -11,826 -5,330 -20 -21,765 -21,743 -3,433 -12,774 -5,536 -22 -23,215 -23,193 -3,892 -13,587 -5,714 -22 -24,799 -24,778 •^,350 -14,744 -5,684 -21 -25,930 -25,910 -4,898 -15,468 -5,544 -20 -49,014 -48,861 -21,667 -14,944 -12,250 -153 -11,843 -11,805 -5,501 -3,280 -3,024 -38 -13,151 -13,116 -6,076 -3,950 -3,090 -35 -12,608 -12,570 -5,130 ^,279 -3,161 -38 -13,555 -13,516 -6,218 -4,040 -3,258 -39 -14,366 -14,331 -6,961 -4,141 -3,229 -35 -11,583 -11,549 -4,041 ^,337 -3,171 -34 29 30 31 32 33 34 -55 -44 -1 -304 261 25 385 399 348 290 328 323 -189 10 -42 -138 -49 -31 -101 -308 333 -69 -5 -314 250 1,509 -298 243 -206 1,715 -51 436 -52 451 -52 400 -53 343 -54 382 -51 374 -651 462 -162 172 -163 121 -164 26 -167 118 -169 138 -179 78 35 36 37 38 33 35 34 34 48 12 12 12 13 12 12 62 15 16 15 16 16 16 39 -35,748 -108,889 -68,001 -41,398 -150,080 -115,060 -20,351 -12,999 -63,862 -52,957 -37,134 -83,922 -15,366 -23,033 -25,615 -28,772 -11,204 -5,574 -100 -79 -619 -100 -79 -619 111 -13 169 -45 193 -29 189 33 16 -11 33 -6 55 -171 225 1 -35,813 -2,265 -2,915 -11,955 -18,678 -108,982 -27,579 -9,913 -24,925 -46,565 -67,938 -17,707 -32,727 -17,971 467 90,082 144,178 130,288 I3 42 ) (18) 38,549 11 -6 -47 6 -7 -30 19 -1 2 -13,130 708 -6,531 -7,632 325 -63,873 -11,496 -11,998 -26,790 -13,589 -52,951 -9,409 -27,051 -8,389 -8,102 -37,134 -13,508 -19,922 -83,875 -19,099 -9,885 -20,543 -34,348 -15,372 2,959 -8,067 2,716 -12,980 -23,026 -9,306 -3,722 -10,916 5,918 -25,585 -1,974 3,813 ^,953 -22,471 -28,791 -11,830 2,457 4,155 -23,573 -11,203 -4,256 -8,960 -10,631 12,644 -5,576 -6,484 -9,863 62,313 41,697 172,478 58,066 32,268 40,129 38,956 54,086 31,251 55 R R 66,051 (.8) 60,987 (18) (18) (18) (18) 91,843 (.8) (18) (.8) R R (18) (18) (18) (18) 18) .8) ,8) 18) 18) 18) 18) 18) B 56 57 58 59 60 61 62 110,643 273,884 117,885 (18) (18) (18) (.8) (18) -389 -94 (18) (18) (18) (18) -238 -11 18\ 18) — 54 ( (18) (18) 73,219 49,558 116,604 81,251 (18) (18) (18) (18) 65,660 75,148 34,339 93,428 60,019 -4 -20,347 -14,956 -9,876 6,686 -2,201 18) 18) (18) 18 -2 (18 (18 8 ) ? 29,944 146,693 13,180 -6,396 -5,320 7,628 -37,290 -20,422 -42,934 -50,525 -90,790 6,177 -32,154 -13,820 5,991 -7,829 -9,193 -55 -17,077 -13,317 4,846 -8,471 -6,387 -44 -14,902 -13,905 2,628 -11,277 -8,135 25 -19,387 -15,501 3,434 -12,067 -6,618 -69 -18,754 -1,468 3,156 1,688 -36,259 1,509 -33,062 -328 314 -14 -9,385 385 -9,014 -955 928 -27 -10,192 399 -9,820 18 39,012 -28,036 18 18 R (.8) (18) (18) 18 -6 § 6 (18) (18) (18) (18) (18) (18) (18) (18) (18) (18) 8,225 34,680 16,636 102,845 (18) (18) (18) 18) .8) .8) 18) ( 8) 89 8 ) 33 -86 8 ) 52,757 8 ) 13,426 19 -30 2 10,771 (18) 17 74 -39 -16 18) 18) 18) 18) 18) 18) 18) 18) (18) ,8) (18) (18) (18) 18,068 16, '42 23,848 35, 331 27,384 (18) 18) (18) 18) (18) (18) 22 46 47 48 49 50 51 52 53 54 43,950 -13,785 -12,842 18 8,315 -9,625 63 64 65 66 67 68 69 -19,372 -20,187 -3,987 -13,231 -62,398 -35,072 ^57 -7,310 -3,140 -33,851 -20,081 70 -1,211 1,370 159 -9,845 348 -9,338 -493 805 312 -8,409 290 -7,807 -658 718 60 -9,507 328 -9,119 -971 854 -117 -10,840 323 -10,634 -33,620 7,969 -25,651 -380 -189 -26,220 -8,392 928 -7,464 -189 10 -7,643 -10,245 2,084 -8,161 -591 -42 -8,794 -9,429 2,674 -6,755 -326 -138 -7,219 -9,244 2,067 -7,177 166 -9,510 618 -8,892 -124 -31 -9,047 -9,983 1,495 -8,488 2,977 -101 -5,612 71 72 73 74 75 76 18,789 (.8) 36,611 10,568 (.8) 49,517 -14,223 18 5,643 "18-14,b09 18 12 -99 -80 (18) (.8) (.8) 43,798 -27,149 7,039 -15,567 -1 -115,058 -10,630 -49,987 -13,699 -40,742 -150,201 -29,824 -51,843 -32,101 -36,433 3 -7 136 _5 -40,834 -21,851 -26,045 ( -47 131 (J8 '•») 11 -4 -2 121 136 -15 8 40 41 42 43 44 45 8,124 -21,728 35,986 18 53,073 18 -8,636 55,477 18 6,006 8,117 18 9,097 -17,125 10,268 18 -851 4,900 18, )37 18 -501 4,777 24, 791 31,727 18 524 -17,104 -7,060 18 -1,729 -4,291 13,470 18 70 SURVEY OF CURRENT BUSINESS January 2001 Table 10.-U.S. International [Millions Eastern Europe (Credits +; debits - ) l Line Canada 1999 2000 1999 1999 1999 II III IV I II' II \\\P Ill Current account 1 Exports of goods and services and income receipts 2 3 4 5 fi 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 ?3 ?4 25 26 27 28 29 30 31 32 33 34 35 36 37 38 12,182 2,833 3,398 3,220 3,606 3,620 3,635 209,897 53,955 50,964 9,523 2,256 2,608 2,485 2,685 2.381 2,649 187,873 48,286 45,213 Goods, balance of payments basis2 5,560 1,306 1,535 1,511 1,646 1.305 1,450 166,533 42,840 39,734 Services3 Transfers under U.S. military agency sales contracts4 3,963 1,073 1.076 1,199 21,340 5,446 5,479 104 340 18 100 67 429 15 790 785 205 532 48 5 974 88 284 20 77 69 427 9 735 730 149 551 30 5 1,039 87 283 19 56 68 513 13 921 916 317 554 45 5 71 361 23 133 69 407 12 34 25 6,670 1,540 2,479 1,810 1,689 1,696 8,749 368 626 396 383 633 431 2,189 2,285 91 23 33 350 546 338 5 137 396 19 91 71 472 13 986 981 372 539 70 5 115 22,024 21,948 11,102 10,846 5,669 5,650 3,005 2,645 5,751 5,732 3,142 2,590 144 20 950 83 295 18 103 64 377 10 577 572 70 492 10 5 76 19 19 -16,220 -4,312 -4,161 -4,472 -5,029 -5,170 -6,131 -224,395 -56,298 -56,510 -14,526 -3,898 -3,746 ^,027 -4,501 -4,535 -5,424 -216,796 -54,342 -54,842 -11,813 -3,107 -2,851 -3,454 -4,018 -3,682 -4,441 -201,268 -50,225 -49,840 -2,713 -169 -791 -895 -573 -483 -853 -983 -15,528 -4,117 -41 -30 -41 -20 -20 -72 -16 -23 -1,274 -370 -229 -365 -146 ^2 ^98 -260 -166 -402 -165 -569 -126 -76 -24 -62 -23 -6,135 -712 -3,224 -1,527 -189 -822 -2,638 -240 -826 -607 ^,543 -235 -122 -1,385 -158 -1,052 -56 -65 -7,599 -7,287 -1,482 -4,661 -1,144 -312 -1,956 -1,879 -524 -1,107 -248 -1,668 -1,593 Exports of goods and services 344 1,184 Travel Passenger fares Other transportation . 78 344 267 Royalties and license fees ** Other private servicess U.S. Government miscellaneous services 1,705 41 2,659 2,639 Income receipts Income receipts on U.S-owned assets abroad Direct investment receipts Other private receipts U.S. Government receipts Compensation of employees Imports of goods and services and income payments Imports of goods and services Goods, balance of payments basis 3 Services Direct defense expenditures Travel Passenger fares Other transportation . 448 2,047 -10 -66 -2 -69 -3 -65 -53 -4 -55 -49 -11 -586 -148 -148 -145 -147 -152 -169 -75 -17 -26 -16 -14 -14 -14 -1,694 -1,622 -414 -398 -415 -445 ^24 -1 -528 -507 -635 -618 -707 -691 s Royalties and license fees Other private services ** U.S. Government miscellaneous services Income payments Income payments on foreign-owned assets in the United States Direct investment payments Other private payments U.S. Government payments Compensation of employees Unilateral current transfers, net US Government grants4 U.S. Government pensions and other transfers Private remittances and other transfers6 1,239 1,234 -109 -9 ^00 -3 -93 ^00 -4 -96 -1,213 -302 -300 -9 -114 -309 -M -32 -276 -371 -253 -333 -182 -316 -5,002 -78 -1,193 -322 -72 -16 -15 -21 -21 -17 -16 -77 -75 -4,089 2 393 -1,026 -590 -1,065 -645 -960 -555 -945 -465 -948 -501 -1,018 -535 -643 -145 -171 -47 -11 -13 -11 -12 -12 -10 ^82 -121 -121 -1,649 -425 -407 -394 -468 -435 -473 -161 -24 -50 25 6 6 7 7 6 6 87 17 28 -1,652 852 -984 231 -231 -996 1,799 -5,066 4,489 -6,881 -57 -1 138 1,086 -118 -139 -107 -109 8 -6 338 -57 -76 83 388 -73 -95 22 -418 -454 22 -1 31 5 10 -17 30 -3 -158 -903 -108 -578 -283 -269 1,789 1,868 -208 4,489 -5,945 -6,881 -3,375 -4,648 -73 926 129 9,398 1,158 3,962 4,821 -28 2 862 -5,066 -14,268 -5 570 -4 354 19126 5,241 29,118 8,561 8,040 1,953 -598 328 Capital and financial account Capital account 39 Capital account transactions net Financial account 40 U S -owned assets abroad net (increase/financial outflow (-)) 41 42 43 44 45 U S official reserve assets net Gold7 Special drawing rights Reserve position in the International Monetary Fund Foreign currencies 46 47 48 49 U S Government assets other than official reserve assets net U S credits and other long-term assets Repayments on U.S. credits and other long-term assets8 US foreign currency holdings and U.S. short-term assets, net -301 -1 550 1,276 50 51 52 U S. private assets net Direct investment Foreign securities U S claims on unaffiliated foreigners reported by U S nonbanking concerns U S claims reported by U S banks not included elsewhere -1,351 -1,183 -230 60 61 62 71 72 73 74 75 76 Memoranda: Balance on goods (lines 3 and 20) Balance on services (lines 4 and 21) Balance on goods and services (lines 2 and 19) Balance on income (lines 12 and 29) Unilateral current transfers net (line 35) Balance on current account (lines 1, 18, and 35 or lines 73, 74, and 75) 13 See footnotes on page 74. -29 13 5,311 -866 -475 -6 1,087 -138 -247 -2,640 933 (18) (18) (18 18) U.S. Treasury securities9 Other10 Other U S Government liabilities" U.S. liabilities reported by U.S. banks, not included elsewhere Other foreign official assets12 Other foreign assets in the United States net 63 Direct investment 64 U S Treasury securities 65 U.S. securities other than U.S. Treasury securities 66 U S currency 67 U S liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns 68 US liabilities reported by US banks, not included elsewhere 69 Statistical discrepancy (sum of above items with sign reversed) 70 -162 27 35 53 54 55 Foreign-owned assets in the United States, net (increase/financial inflow (-I-)) Foreign official assets in the United States, net 56 U.S. Government securities 57 58 59 -5 909 -27 n (18) R 41 829 68 6fin 79fi 18) 84 18 112 (18) (18) (18) (18) -139 -97 167 18 -122 -2,561 18 171 -82 18 43 3,692 18 42 3,922 18 (17) 17) 12 R 7712 4157 R 18) 27165 12 229 9159 5516 49 -44 2,601 -82 18 (17) -1,459 4,992 17) 2 Q -138 -16 17) 17 n! 18) (18) 33 123 18 18 i (18) I" I" 1V :*! (18) (18) -188 3,972 126 (18 (18 18 (18 1n 141 (18) (18) n 18 18 R R 438 922 18) 18J R R (18) (18) (18) 101 935 (17) (17) -292 377 (17) -8 (17) 261 -992 (17) 4,443 4,287 1,873 -1,988 -2 229 2 626 -3,532 -8,998 -10,579 4,530 -6,253 1 250 -5 003 -1,801 -1,316 -1,943 -2,372 -2,377 -2,991 178 401 556 223 216 -1 138 -1 542 -1 816 -2154 -2 775 965 163 375 290 393 604 279 -4 089 -8,127 -1 026 -2,505 -1 065 -1,828 -960 -2,212 -945 -2,368 -948 -2,498 -1018 -3,514 -34,735 5 812 -28 923 14 425 -643 -15,141 -7,385 1,329 -6 056 3 713 -145 -2,488 -10,106 159 -1 642 477 -9 629 4,083 -171 -5,717 SURVEY OF CURRENT BUSINESS 71 January 2001 Transactions, by Area—Continued of dollars] 1999 I II- III* II III IV Line 2000 1999 2000 1999 2000 IV Japan Latin America and Other Western Hemisphere Canada 1999 1999 1 II' III" II III IV I IK III/' 54,846 57,649 59,423 53,791 254,340 61,343 65,118 70,088 69,448 75,075 78,961 98,034 23,139 24,970 25,501 26,458 26,993 28,935 49,000 51,561 52,456 47,595 191,921 45,875 49,253 52,844 52,260 55,982 59,853 88,039 20,595 22,111 23,131 23,747 23,709 25,579 43,792 45,587 46,714 42,092 141,310 33,856 35,540 39,575 39,310 42,066 44,022 56,352 13,319 13,515 15,058 15,366 15,612 16,012 1 2 3 5,208 29 5,974 26 5,742 27 5,503 27 50,611 619 12,019 141 13,713 117 13,269 196 12,950 212 13,916 188 15,831 243 31,687 1,157 7,276 173 8,596 203 8,073 282 8,381 240 8,097 251 9,567 246 4 5 1,495 346 641 1,978 487 648 1,953 409 678 1,680 377 688 19,799 5,455 3,368 4,682 1,292 830 5,740 1,533 883 5,042 1,320 896 4,684 1,356 796 5,404 1,466 857 6,743 1,653 1,004 9,711 3,585 3,089 2,140 846 792 2,884 1,066 802 2,505 867 779 2,441 993 806 2,392 910 852 3,362 1,157 900 6 7 8 458 2,223 16 447 2,373 15 480 2,177 18 493 2,218 20 2,721 18,453 196 666 4,334 74 669 4,729 42 754 5,022 39 698 5,163 41 745 5,215 41 751 5,396 41 6,053 8,059 33 1,488 1,831 6 1,554 2,080 7 1,637 1,997 6 1,594 2,293 14 1,644 2,033 15 1,655 2,231 16 9 10 11 5,846 5,827 2,972 2,855 6,088 6,067 3,102 2,965 6,967 6,948 3,777 3,171 6,196 6,176 3,072 3,104 15,468 15,437 5,042 10,268 127 31 15,865 15,834 4,937 10,815 82 31 17,244 17,213 4,842 12,271 100 31 17,188 17,156 4,228 12,836 92 32 19,093 19,061 4,946 14,012 103 32 19,108 19,075 4,534 14,431 110 33 9,995 9,987 4,103 5,869 15 8 2,544 2,542 888 1,651 3 2 2,859 2,857 1,129 1,724 4 2 2,370 2,368 960 1,407 1 2 2,711 2,709 1,410 1,297 2 2 3,284 3,282 1,846 1,425 11 2 3,356 3,354 1,835 1,518 1 2 12 13 14 15 16 17 19 21 19 20 62,419 62,295 18,580 43,300 415 124 -59,455 -63,171 -65,946 -63,666 -256,983 -62,247 -67,652 -69,329 -74,005 -78,392 -83,229 -185,592 -44,529 -47,363 -51,284 -50,363 -52,593 -53,131 -57,143 -60,524 -63,066 -61,716 -202,209 -49,087 -53,501 -54,020 -58,220 -60,908 -64,777 -147,995 -35,064 -37,595 -40,585 -39,068 -41,313 -41,716 -53,635 -57,105 -58,906 -56,353 -169,069 -41,173 -44,767 -45,838 -49,353 -52,121 -54,710 -130,877 -30,784 -33,187 -35,894 -34,684 -36,515 -36,740 18 19 20 -3,508 -19 -3,419 -18 -4,160 -16 -5,363 -20 -33,140 -300 -7,914 -76 -8,734 -64 -8,182 -66 -8,867 -27 -8,787 -63 -10,067 -65 -17,118 -1,332 -4,280 -366 -4,408 -317 -4,691 -361 ^,384 -308 -4,798 -322 -4,976 -350 21 22 -1,095 -158 -848 -1,009 -169 -873 -1,590 -232 -916 -2,693 -278 -902 -16,403 -3,039 -2,607 -3,847 -695 -621 -4,481 -838 -642 -3,870 -705 -737 -4,452 -874 -765 -4,171 -783 -769 -5,060 -943 -795 -2,845 -858 -4,986 -834 -236 -1,187 -741 -226 -1,378 -637 -213 -1,365 -694 -201 -1,298 -919 -266 -1,383 -846 -263 -1,550 23 24 25 -201 -1,129 -58 -216 -1,083 -51 -250 -1,105 -51 -280 -1,138 -52 -1,052 -9,243 ^96 -264 -2,289 -122 -267 -2,308 -134 -261 -2,421 -122 -260 -2,358 -131 -269 -2,601 -131 -282 -2,791 -131 -3,162 -3,842 -93 -756 -879 -22 -744 -984 -18 -1,005 -1,091 -19 -868 -979 -36 -945 -930 -33 -971 -962 -34 26 27 28 -2,312 -2,231 -585 -1,279 -367 -81 -2,647 -2,563 -850 -1,321 -392 -84 -2,880 -2,801 -586 -1,724 -491 -79 -1,950 -1,872 124 -1,470 -526 -78 -54,774 -48,470 -1,156 -36,793 -10,521 -6,304 -13,160 -11,659 ^03 -8,729 -2,527 -1,501 -14,151 -12,434 -387 -9,273 -2,774 -1,717 -15,309 -13,616 -170 -10,528 -2,918 -1,693 -15,785 -14,330 -259 -11,033 -3,038 -1,455 -17,484 -15,901 -390 -12,320 -3,191 -1,583 -18,452 -16,718 -272 -13,097 -3,349 -1,734 -37,597 -37,521 -5,893 -10,020 -21,608 -76 -9,465 -9,449 -2,140 -2,178 -5,131 -16 -9,768 -9,754 -1,738 -2,466 -5,550 -14 -10,699 -10,676 -2,221 -2,531 -5,924 -23 -11,295 -11,272 -2,238 -2,940 -6,094 -23 -11,280 -11,264 -2,098 -2,660 -6,506 -16 -11,415 -11,401 -1,877 -2,877 -6,647 -14 29 30 31 32 33 34 -152 -187 -154 -188 -3,913 ^76 -221 -3,216 -3,858 -427 -181 -3,250 -3,888 -501 -169 -3,218 -4,053 -536 -172 -3,345 -29 -97 -42 60 -134 -54 -3,671 ^57 -167 -3,047 -65 -124 -30 -3,619 ^52 -155 -3,012 -51 -124 -63 -14,748 -1,797 -697 -12,254 -239 -120 -32 -106 -133 -26 -25 -27 -38 -27 -2 -28 -69 -28 -14 24 36 35 36 37 38 28 21 24 34 -3,855 67 64 -4,054 64 62 54 24 6 6 6 6 6 6 39 -5,900 -11,940 -10,607 3,360 -86,341 -23,779 -44,626 -35,077 -7,161 -30,787 -14,756 -39,513 5,957 -15,248 -28,608 1,391 -412 -30 10 242 559 182 6,883 -2,224 2,660 40 41 2,660 42 43 44 45 -1 46 -1 47 48 49 -2,224 -412 3 65 123 2 30 -30 -9 10 -31 242 37 -233 362 3 4,001 -325 4,357 -31 -209 225 -13 -129 206 -12 -184 361 -54 2 30 -9 -31 37 -23,866 -10,374 -13,123 -12,704 12,335 -44,758 -3,605 -14,388 -20,232 -6,533 -39,078 -285 2,038 -5,219 -35,612 -7,164 -3,822 -10,673 -27,081 34,412 -30,852 -6,760 -10,257 -15,262 1,427 -14,879 -2,178 -8,339 5,197 -9,559 -37,291 -10,616 -43,580 -4,012 20,917 6,339 -1,548 -5,377 -1,825 15,089 -15,209 -1,997 -9,677 -3,699 164 -28,587 -6,221 -18,036 -4,178 -152 1,112 -671 -1,475 2,611 647 377 -1,782 13,730 -6,182 -5,389 -2,539 50 51 52 53 54 18,612 27,666 44,939 25,526 28,081 5,573 -14,083 25,293 15,418 55 (18) (18) 25,874 8 19,477 (18) (18) Pi Pi (.8) (.8) (18) (18) Pi Pi Pi 4,390 -1,571 5,991 -30 87 132 -401 497 -9 -5,900 -3,206 -17 -1,991 -686 -11,940 -2,889 -3,789 959 -6,221 -10,607 -5,237 -3,252 -1 -2,117 3,360 -3,937 169 7"i28 -90,731 -19,523 -29,713 -27,430 -14,065 4,389 21,284 11,228 1,393 116,001 58,308 33,751 Pi Pi (18) (18) (18) (18) 8 -682 1,162 (17) (17) JIT) -11 (17) 7 C) -140 (17) 13 R -425 1 C7) (17) (17) -41 -4 (17) (.7) : ( ( (18) (18) ( 20,122 10,261 11,368 5,646 1,818 1,348 16,788 3,766 (17) (17) (17) (17) (18) (18) 379 5,083 2,884 3,152 2,432 -601 62,943 23,281 -16,880 53,191 -12,399 18 43,685 10,735 18) (18) (18) (18) (18) (18) 322 -1,661 3,140 958 9,529 6,051 1,328 7,84{ (18) (18) (18) (18) 3,789 (.8) 3,586 3,147 (18) (18) (18) "(18) (18) (18 14,634 -1,996 10,401 8,335 -1,043 6,961 892 4,477 -851 18 -11,405 3,639 18 13,556 .......„_. -20 18) 18) 18 -3,111 14,497 ^43 18 17,250 25,012 15,473 6,306 2,808 (18) Pi Pi Pi S 18) 18) 17,949 15,542 -5,917 8,645 I? -8 18) (18) 5,071 212 (18) (18) (18) (18) (18) (.8) J 3 8 4,224 -929 7,692 Pi Pi Pi 20 -25 (.8) (18) (18) C) 182 -829 -52 -14 (18) (18) (18) (18) (18) (18) 22,692 -2,568 -743 -1,416 -334 -278 12,352 -150 10,539 -238 8 ( 2f -191 ( (18) 14,473 56 57 58 59 60 61 62 63 64 65 66 67 68 69 (17) (17) (17) 6,244 -3,656 6,032 5,276 -8,414 -30,073 17,016 23,673 -12,154 -7,009 -2,503 99,205 9,905 11,826 34,937 36,688 -216 1,949 70 -9,843 1,700 -8,143 3,534 -152 -4,761 -11,518 2,555 -8,963 3,441 -187 -5,709 -12,192 1,582 -10,610 4,087 -154 -6,677 -14,261 140 -14,121 4,246 -188 -10,063 -27,759 17,471 -10,288 7,645 -14,748 -17,391 -7,317 4,105 -3,212 2,308 -3,619 -4,523 -9,227 4,979 ^,248 1,714 -3,671 -6,205 -6,263 5,087 -1,176 1,935 -3,913 -3,154 -10,043 4,083 -5,960 1,403 -3,858 -8,415 -10,055 5,129 -4,926 1,609 -3,888 -7,205 -10,688 5,764 ^,924 656 ^,053 -8,321 -74,525 14,569 -59,956 -27,602 -239 -87,797 -17,465 2,996 -14,469 -6,921 -51 -21,441 -19,672 4,188 -15,484 -6,909 -65 -22458 -20,836 3,382 -17,454 -8,329 -29 -25,812 -19,318 3,997 -15,321 -8,584 -97 -24,002 -20,903 3,299 -17,604 -7,996 -42 -25,642 -20,728 4,591 -16,137 -8,059 -60 -24,256 71 72 73 74 75 76 7 6 1 " 1 7 18 18 18 18 18 18 18 18 72 • January 2001 SURVEY OF CURRENT BUSINESS Table 10.-U.S. International [Millions Australia Line (Credits +; debits - ) ' 2000 1999 1999 II I IV III If III* Current account 1 Exports of goods and services and income receipts Exports of goods and services 2 Goods, balance of payments basis2 3 Services3 4 Transfers under U S military agency sales contracts4 5 Travel 6 Passenger fares 7 Other transportation 8 Royalties and license fees 5 9 Other private services5 10 U.S. Government miscellaneous services 11 Income receipts 12 Income receipts on U S -owned assets abroad 13 Direct investment receipts 14 Other private receipts 15 U.S. Government receipts 16 Compensation of employees 17 Imports of goods and services and income payments 18 Imports of goods and services 19 Goods, balance of payments basis2 20 Services3 21 Direct defense expenditures 22 Travel 23 Passenger fares 24 Other transportation 25 Royalties and license fees5 26 Other private services5 27 U.S. Government miscellaneous services 28 Income payments 29 Income payments on foreign-owned assets in the United States 30 Direct investment payments 31 Other private payments 32 U.S. Government payments 33 Compensation of employees 34 35 Unilateral current transfers, net US Government grants4 36 U.S. Government pensions and other transfers 37 Private remittances and other transfers6 38 23,020 5,550 5,905 6,552 5,963 6,574 6,459 16,990 4,114 4,381 4,779 4,283 4,726 4,547 11,664 2,757 2,958 3,424 2,960 3,274 3,008 5,326 1,357 1,423 1,355 1,323 1,452 1,539 296 90 453 137 90 175 411 1 97 482 143 99 180 420 2 65 435 128 89 195 440 3 65 408 123 76 173 476 2 68 510 145 84 192 451 2 67 562 155 98 190 465 2 1,436 1,435 1,524 1,523 1,773 1,772 1,680 1,679 1,848 1,847 1,912 1,911 513 922 679 844 877 895 749 930 889 958 965 946 1,735 520 360 723 1,685 7 6,030 6,026 2,495 3,531 4 1 1 1 1 1 1 -9,411 -2,304 -2,583 -2,428 -2,617 -2,954 -3,140 -8,852 -2,256 -2,354 -2,281 -2,274 -2,604 -2,720 -5,271 -1,378 -1,443 -1,366 -1,346 -1,677 -1,736 -3,581 -878 -911 -915 -928 -927 -984 -62 -8 -10 -22 -19 -31 -15 -1,243 -€42 -197 -302 -161 -351 -135 -269 -192 -352 -170 -333 -181 -401 -157 -69 -47 -15 -51 -16 -53 -26 -56 -17 -52 -18 -58 -32 -1,326 -337 -333 -343 -305 -303 -312 -42 -8 -48 -46 207 -15 -10 -9 -9 -9 -229 -227 -147 -145 -343 -341 -350 -348 -420 -418 66 187 7 -2 -26 -172 -210 -234 -81 -2 -83 -83 -2 -67 -98 -2 -73 -246 -102 -232 -114 -262 -130 -2 -70 -2 -71 -2 -73 -256 -10 -73 -10 -57 -10 -63 -10 -60 -11 -60 -10 -63 8 2 2 2 2 2 2 -3,520 -4,448 4,503 -1,583 -2,732 323 352 -1 -6 -2 1 1 323 483 352 137 452 -559 -551 569 -787 -333 -8 -296 ^0 Capital and financial account Capital account 39 Capital account transactions, net Financial account 40 U.S.-owned assets abroad, net (increase/financial outflow (-)) U.S. official reserve assets, net 41 Gold7 42 Special drawing rights 43 Reserve position in the International Monetary Fund 44 Foreign currencies 45 U.S. Government assets, other than official reserve assets, net 46 U.S. credits and other long-term assets 47 Repayments on U.S. credits and other long-term assets8 48 U.S. foreign currency holdings and U S short-term assets, net 49 U.S. private assets, net. 50 Direct investment 51 Foreign securities 52 U.S. claims on unaffiliated foreigners reported by U S nonbanking concerns 53 U.S. claims reported by U S banks, not included elsewhere 54 55 Foreign-owned assets in the United States, net (increase/financial inflow (+)) Foreign official assets in the United States, net 56 U.S. Government securities 57 U.S. Treasury secunties9 58 Other10 59 Other U.S. Government liabilities'' 60 U.S. liabilities reported by U S banks, not included elsewhere 61 Other foreign official assets12 62 63 64 Other foreign assets in the United States, net Direct investment U.S. Treasury securities U.S. securities other than U S Treasury secunties U S currency U S liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns U S liabilities reported by U S banks not included elsewhere 65 66 67 68 69 70 Statistical discrepancy (sum of above items with sign reversed) 71 72 73 74 75 76 Memoranda! Balance on goods (lines 3 and 20) Balance on services (lines 4 and 21) Balance on goods and services (lines 2 and 19) Balance on income (lines 12 and 29) . . Unilateral current transfers, net (line 35) Balance on current account (lines 1, 18, and 35 or lines 73, 74, and 75) 13 See footnotes on page 74. -1 -6 -2 1 1 -3,519 -4,062 -1,699 -4,442 -1,584 -183 -422 -2,733 -600 -22 2,184 -1,076 -117 -3,266 4,505 -961 -116 -301 5,883 -957 3,465 1,065 714 2,900 58 17 -944 -2,063 -358 2,391 -2,193 -237 2,830 -297 2,214 (18 (18) (18) (18) (18) 18) (.8) (18 (18) (18) (18) (18) (18) (18) 18) 18) (18) (18) (18) (18) 18) (18) -10 --31 (•; (18 n (18) (18) -49 -30 -42 (18) (18) (18) (18) (18) (18) (18) (18) (18) ( (18 (18 (18 -2,506 156 -404 4,468 18 138 1,467 -13,266 218 6,393 1,745 8,138 5,471 -296 13,313 1,379 (18) 1,160 -144 -329 (18) (18) 10 18) 18) (18) (18) b (18) (18) (18) 13 595 544 307 493 -182 (18 (18) 1,956 8 3 -666 (18) 18 874 2,853 (18) -202 2,681 -1,117 18 560 -1,108 18 340 -8,474 -5,370 -3,376 -3,577 -5,814 1,515 2,058 1,597 1,272 18 18 1,614 18 1,568 479 512 440 395 525 555 1,858 1,388 2,027 1,295 2,498 1,626 2,009 1,337 2,122 1,498 1,827 1,492 -83 -67 -73 -70 -71 -73 3,163 3,255 4,051 3,276 3,549 3,246 SURVEY OF CURRENT BUSINESS 73 January 2001 Transactions, by Area—Continued of dollars] International organizations and unallocated16 Other countries in Asia and Africa 2000 1999 II I IV III \\\P II' II Line 2000 1999 1999 1999 \\r I IV III \\\P 1 2 3 221,704 54,172 57,289 59,567 59,175 63,296 68,785 33,463 8,178 8,381 8,822 8,786 8,970 8,954 196,110 48,097 50,337 52,433 50,304 54,199 59,605 5,998 1,488 1,517 1,545 1,532 1,518 1,555 140,421 34,026 35,814 39,030 35,998 39,768 43,739 55,689 9,324 14,071 2,865 14,523 2,135 13,403 2,060 14,306 1,987 14,431 2,093 15,866 2,019 5,998 1,488 1,517 1,545 1,532 1,518 1,555 11,385 1,583 8,753 3,186 391 2,142 3,513 484 2,267 2,551 380 2,352 2,519 351 2,258 3,684 461 2,442 4,096 525 2,590 555 152 140 144 133 141 156 4,333 19,970 341 1,074 4,345 68 1,070 4,969 85 1,130 4,822 108 1,068 6,044 79 1,087 4,581 83 1,110 5,443 83 1,917 3,526 467 869 476 901 513 888 482 917 490 887 488 911 9 10 11 25,594 25,519 14,866 9,602 1,051 75 6,075 6,057 3,534 2,313 210 18 6,952 6,933 4,305 2,328 300 19 7,134 7,115 4,301 2,562 252 19 8,871 8,851 5,007 3,271 573 20 9,097 9,077 5,841 3,001 235 20 9,180 9,160 6,119 2,708 333 20 27,465 25,720 14,072 10,867 781 1,745 6,690 6,257 3,435 2,625 197 433 6,864 6,421 3,443 2,787 191 443 7,277 6,828 3,630 3,021 177 449 7,254 6,798 3,547 3,070 181 456 7,452 6,987 3,646 3,160 181 465 7,399 6,928 3,696 3,050 182 471 12 13 14 15 16 17 -365,989 -87,025 -100,065 -100,152 -97,980 -108,335 -124,522 -10,248 -2,525 -2,573 -2,675 -2,868 -3,158 -3,723 -335,570 -79,808 -92,250 -91,982 -89,471 -98,491 -114,023 -1,985 -492 ^98 -510 -594 -642 -1,396 -296,863 -70,374 -82,029 -81,781 -79,566 -87,986 -103,040 18 19 20 -38,707 -3,926 -9,434 -959 -10,221 -1,102 -10,201 -836 -9,905 -928 -10,505 -993 -10,983 -900 -1,985 -492 -498 -510 -594 -642 -1,396 -11,314 -5,101 -10,566 -2,827 -1,234 -2,497 -2,852 -1,354 -2,904 -3,032 -1,335 -2,966 -2,856 -1,298 -2,843 -3,114 -1,393 -3,054 -3,258 -1,582 -3,288 -1,147 -298 -298 -269 -315 -362 ^432 -309 -6,739 -752 -63 -1,677 -177 -90 -1,722 -197 -90 -1,759 -183 -66 -1,724 -190 -65 -1,697 -189 -78 -1,685 -192 -633 -205 -152 -42 -154 -46 -181 -60 -168 -111 -170 -110 -846 -118 26 27 28 -30,419 -29,924 -538 -9,807 -19,579 -495 -7,217 -7,115 20 -2,256 ^,879 -102 -7,815 -7,728 -224 -2,585 -4,919 -87 -8,170 -8,014 -174 -2,762 -5,078 -156 -8,509 -8,352 -114 -2,949 -5,289 -157 -9,844 -9,737 -1,077 -3,163 -5,497 -107 -10,499 -10,409 -1,233 -3,485 -5,691 -90 -8,263 -8,263 -5,094 -3,145 -24 -2,033 -2,033 -1,287 -740 -6 -2,075 -2,075 -1,227 -839 -9 -2,165 -2,165 -1,329 -831 -5 -2,274 -2,274 -1,370 -898 -6 -2,516 -2,516 -1,519 -993 -4 -2,327 -2,327 -1,364 -957 -6 29 30 31 32 33 34 -16,873 -7,388 -483 -9,002 -3,592 -1,385 -119 -2,088 -3,686 -1,213 -124 -2,349 -6,085 -3,782 -121 -2,182 -4,178 -1,497 -122 -2,559 -4,006 -1,645 -127 -2,234 -4,861 -2,202 -128 -2,531 -10,060 -1,520 -1,165 -7,375 -2,457 -551 -84 -1,822 -2,331 -298 -210 -1,823 -3,086 -301 -747 -2,038 -2,519 -357 -259 -1,903 -2,514 -451 -100 -1,963 -2,207 -176 -191 -1,840 35 36 37 38 115 31 28 32 29 33 26 -9,241 -3,927 -4,519 -445 -7,828 -10,689 -1,592 4 5 6 7 8 21 22 23 24 25 39 -7,858 -1,585 -90 -2,108 -3,518 -2,009 -6,854 40 5,494 1,223 2,084 1,622 -417 2,148 1,118 10 5,484 -190 1,413 -184 2,268 -178 1,800 -180 -237 -180 2,328 -182 1,300 41 42 43 44 45 -791 -1,667 1,365 -489 -218 -303 213 -128 -528 -778 354 -104 -55 -377 473 -151 -107 -1,125 786 232 16 -348 398 -34 271 -236 561 -54 -1,052 -1,052 -289 -289 -248 -248 -248 -248 -248 -248 -265 -265 -307 -307 46 47 48 49 -8,450 -17,402 3,103 -2,399 8,248 -3,709 -5,700 1,085 -980 1,886 -3,991 -3,497 2,816 -761 -2,549 -390 -3,838 484 -475 3,439 -7,721 -4,415 -2,510 1,696 900 -10,705 -3,040 -3,986 216 -3,895 -1,863 -5,277 2,706 -2,519 -3,133 -27 22 619 -1,926 -3,154 797 708 -12,300 -12,940 1,683 13 -1,056 431 -3,482 -3,360 903 -2 -1,023 -2,853 -3,251 175 -8 231 -3,892 -3,392 56 10 -566 -7,665 -3,491 -253 ^,266 345 50 51 52 53 54 53,170 3,492 4,844 32,240 5,939 /18\ 21,843 11,599 30,420 6,113 9,469 9,191 -2,625 5,278 -7,450 1 1 3 55 56 8 ) -{I (18) (18) 18 (18) ( 8\ ( (18) "R -283 (18) (18) (18) (18) (18) (18) 581 1 38 !: (18) -52 (18) 622 (.8) 5,652 (.8) (18) (18) R i: (18) (18) (18) 15,165 3,611 7J3 10,130 177 18 38,535 1,818 18 -1,575 -1,142 18 3,500 -1,384 18 27,182 2,212 18 -5,003 3,943 18 245 117,114 36,849 46,109 14,843 44,843 37,858 -156,442 16,982 -139,460 -4,825 -16,873 -161,158 -36,348 4,637 -31,711 -1,142 -3,592 -36,445 ^6,215 4,302 -41,913 -863 -3,686 -46,462 -42,751 3,202 -39,549 -1,036 -6,085 ^6,670 -43,568 4,401 -39,167 362 -4,178 -42,983 ^8,218 3,926 -44,292 -747 ^,006 ^9,045 (18) 1 1 1 1 3 5,277 1,138 -7,453 1,169 -576 (.8) (18) 139 (.8) 2,630 (18) (18) -469 1 1 n (18) 30,419 4,364 6,113 1,086 9,468 1,089 5,508 293 22,407 158 18 3,197 -130 3,057 37 18 2,063 474 4,697 52 18 3,156 97 12,213 51 18 -4,268 -2,626 1,115 (.8) -121 -6,847 29 18 3,198 50,565 -35,717 -7,724 -12,856 -10,144 2,744 -59,301 4,883 -54,418 -1,319 -4,861 -60,598 4,013 4,013 19,202 -10,060 13,155 996 996 4,657 -2,457 3,196 1,019 1,019 4,789 -2,331 3,477 1,035 1,035 5,112 -3,086 3,061 938 938 4,980 -2,519 3,399 1,427 7,994 1,074 5,593 18 (18) (18) (18) 9,191 1,098 (18) 57 58 59 60 61 62 165 757 -3,673 -5,871 63 64 65 66 67 68 69 -6,567 11,280 70 876 876 4,936 -2,514 3,298 159 159 5,072 -2,207 3,024 71 72 73 74 75 76 (18) (18) 18 989 64 3,079 18 74 • January 2001 SURVEY OF CURRENT BUSINESS FOOTNOTES TO U.S. INTERNATIONAL TRANSACTIONS TABLES 1-10 General notes for all tables: P Preliminary. r Revised. * Less than $500,000 ( ± ) Suppressed to avoid disclosure of data of individual companies. n.a. Not available. Table 1: 1. Credits, +: Exports of goods and services and income receipts; unilateral current transfers to the United States; capital account transactions receipts; financial inflows—increase in foreign-owned assets (U.S. liabilities) or decrease in U.S.-owned assets (U.S. claims). Debits, - : Imports of goods and services and income payments; unilateral current transfers to foreigners; capital accounts transactions payments; financial outflows—decrease in foreign-owned assets (U.S. liabilities) or increase in U.S.-owned assets (U.S. claims). 2. Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents, excludes imports of goods under direct defense expenditures identified in Census import documents, and reflects various other adjustments (for valuation, coverage, and timing) of Census statistics to balance of payments basis; see table 2. 3. Includes some goods: Mainly militaryequipment in line 5; major equipment, other materials, supplies, and petroleum products purchased abroad by U.S. military agencies in line 22; and fuels purchased by airline and steamship operators in lines 8 and 25. 4. Includes transfers of goods and services under U.S. military grant programs. 5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude U.S. parents' payments to foreign affiliates and to include U.S. affiliates' receipts from foreign parents. The definition of imports is revised to include U.S. parents' payments to foreign affiliates and to exclude U.S. affiliates' receipts from foreign parents. 6. Beginning in 1982, the "other transfers" component includes taxes paid by U.S. private residents to foreign governments and taxes paid by private nonresidents to the U.S. Government. 7. At the present time, all U.S. Treasury-owned gold is held in the United States. 8. Includes sales of foreign obligations to foreigners. 9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible bonds and notes. 10. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and of debt securities of U.S. Government corporations and agencies. 11. Includes, primarily, U.S. Government liabilities associated with military agency sales contracts and other transactions arranged with or through foreign official agencies; see table 4. 12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State and local governments. 13. Conceptually, line 76 is equal to "net foreign investment" in the national income and product accounts (NIPA's). However, the foreign transactions account in the NIPA's (a) includes adjustments to the international transactions accounts for the treatment of gold, (b) includes adjustments for the different geographical treatment of transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment by financial pension plans except life insurance carriers and private noninsured pension plans. A reconciliation of the balance on goods and services from the international accounts and the NIPA net exports appears in reconciliation table 2 in appendix A in this issue of the SURVEY OF CURRENT BUSINESS. A reconciliation of the other foreign transactions in the two sets of accounts appears in table 4.5 of the full set of NIPA tables (published annually in the August issue of the SURVEY). Additional footnotes for historical data in July issues of the SURVEY: 14. For 1974, includes extraordinary U.S. Government transactions with India. See "Special U.S. Government Transactions," June 1974 SURVEY, p. 27. 15. For 1978-83, includes foreign currency-denominated notes sold to private residents abroad. 16. Break in series. See Technical Notes and articles on revisions to the international accounts in the June 1989, June 1990, June 1992, June 1993, June 1995, and July 1996-2000 issues of the SURVEY. Table 2: 1. Exports, Census basis, represent transactions values, f.a.s. U.S. port of exportation, for all years; imports, Census basis, represent Customs values (see Technical Notes in the June 1982 SURVEY), except for 1974-81, when they represent transactions values, f.a.s. foreign port of exportation (see June issues of the SURVEY for historical data). From 1983 forward, both unadjusted and seasonally adjusted data have been prepared by BEA from "actual" and "revised statistical" month data supplied by the Census Bureau (see Technical Notes in the December 1985 SURVEY). Seasonally adjusted data reflect the application of seasonal factors developed jointly by Census and BEA. The seasonally adjusted data are the sum of seasonally adjusted five-digit end-use categories (see Technical Notes in the June 1980 SURVEY, in the June 1988 SURVEY, and in the June 1991 SURVEY). Prior to 1983, annual data are as published by the Census Bureau, except that for 1975-80 published Census data are adjusted to include trade between the U.S. Virgin Islands and foreign countries. 2. Adjustments in lines A5 and A13, B12, B48, and B84 reflect the Census Bureau's reconciliation of discrepancies between the goods statistics published by the United States and the counterpart statistics published in Canada. These adjustments are distributed to the affected end-use categories in section C. Beginning in 1986, estimates for undocumented exports to Canada, the largest item in the U.S.-Canadian reconciliation, are included in Census basis data shown in line A1. 3. Exports of militaryequipment under U.S. military agency sales contracts with foreign governments (line A6), and direct imports by the Department of Defense and the Coast Guard (line A14), to the extent such trade is identifiable from Customs declarations. The exports are included in tables 1 and 10, line 5 (transfers under U.S. military agency sales contracts); the imports are included in tables 1 and 10, line 22 (direct defense expenditures). 4. Addition of electrical energy; deduction of exposed motion picture film for rental rather than sale; net change in stock of U.S.-owned grains in storage in Canada; coverage adjustments for special situations in which shipments were omitted from Census data; deduction of the value of repairs and alterations to foreign-owned equipment shipped to the United States for repair; and the inclusion of fish exported outside of U.S. customs area. Also includes deduction of exports to the Panama Canal Zone before October 1,1979, and for 1975-82, net timing adjustments for goods recorded in Census data in one period but found to have been shipped in another (see June issues of the SURVEY for historical data). 5. Coverage adjustments for special situations in which shipments were omitted from Census data; the deduction of the value of repairs and alterations to U.S.-owned equipment shipped abroad for repair; and the adjustment of software imports to market value. Also includes addition of understatement of inland freight in f.a.s values of U.S. imports of goods from Canada in 1974-81; deduction of imports from the Panama Canal Zone before October 1, 1979; and for 1975-82, net timing adjustments for goods recorded in Census data in one period but found to have been shipped in another (see June issues of the SURVEY for historical data). 6. For 1988-89, correction for the understatement of crude petroleum imports from Canada. 7. Annual and unadjusted quarterly data shown in this table correspond to country and area data in table 10, lines 3 and 20. Trade with international organizations includes purchases of nonmonetary gold from the International Monetary Fund, transfers of tin to the International Tin Council (ITC), and sales of satellites to Intelsat. The memoranda are defined as follows: Industrial countries: Western Europe, Canada, Japan, Australia, New Zealand, and South Africa; Members of OPEC: Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, Indonesia, Algeria, Libya, Nigeria, and Gabon (Excludes Ecuador beginning in January 1993 and Gabon beginning in January 1995.); Other countries: Eastern Europe, Latin America and Other Western Hemisphere, and other countries in Asia and Africa, less OPEC. Before 1984, complete geographic area detail was not available for some balance of payments adjustments. Therefore, the detail shown does not always sum to the values shown for the area aggregates. For all years, "Asia" and "Africa" exclude certain Pacific Islands and unidentified countries included in "Other countries in Asia and Africa." 8. Includes the former German Democratic Republic (East Germany) beginning in fourth quarter of 1990. In earlier periods, the German Democratic Republic was included in Eastern Europe. 9. Beginning in 1986, New Zealand and South Africa are included in "Other countries in Asia and Africa," with New Zealand included as part of "Asia" and South Africa as part of "Africa." 10. The "Euro area," which formed in January 1999, includes Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain. Table 3: 1. Patented techniques, processes, and formulas and other intangible property rights that are used in goods production. 2. Copyrights, trademarks, franchises, rights to broadcast live events, and other intangible property rights. 3. Other unaffiliated services receipts (exports) include mainly expenditures of foreign governments and international organizations in the United States. Payments (imports) include mainly expenditures of U.S. residents temporarily working abroad and film rentals. Table 4: 1. Expenditures to release foreign governments from their contractual liabilities to pay for military goods and services purchased through military sales contracts—first authorized (for Israel) under Public Law 93-199, section 4, and subsequently authorized (for many recipients) under similar legislation—are included in line A4. Deliveries against these military sales contracts are included in line C10; see footnote 2. Of the line A4 items, part of these military expenditures is applied in lines A43 and A46 to reduce short-term assets previously recorded in lines A41 and C8; this application of funds is excluded from lines C3 and C4. A second part of line A4 expenditures finances future deliveries under military sales contracts for the recipient countries and is applied directly to lines A42 and C9. A third part of line A4, disbursed directly to finance purchases by recipient countries from commercial suppliers in the United States, is included in line A37. A fourth part of line A4, representing dollars paid to the recipient countries to finance purchases from countries other than the United States, is included in line A48. 2. Transactions under military sales contracts are those in which the Department of Defense sells and transfers military goods and services to a foreign purchaser, on a cash or credit basis. Purchases by foreigners directly from commercial suppliers are not included as transactions under m ilitary sales contracts. The entries for the several cat egories of transactions related to military sales contracts in this and other tables are partly estimated from incomplete data. 3. The identification of transactions involving direct dollar outflows from the United States is made in reports by each operating agency. 4. Line A38 includes foreign currency collected as interest and line A43 includes foreign currency collected as principal, as recorded in lines A16 and A17, respectively. 5. Includes (a) advance payments to the Department of Defense (on military sales contracts) financed by loans extended to foreigners by U.S. Government agencies and (b) the contraentry for the part of line C10 that was delivered without prepayment by the foreign purchaser. Also includes expenditures of appropriations available to release foreign purchasers from liability to make repayment. 6. Includes purchases of loans from U.S. banks and exporters and payments by the U.S. Government under commercial export credit and investment guarantee programs. 7. Excludes liabilities associated with military sales contracts financed by U.S. Government grants and credits and included in line C2. Table 5: 1. Beginning with 1991, payments and receipts of interest related to interest rate and foreign currency swaps between affiliates and parents are netted and are shown as either net payments or net receipts. Receipts and payments of other types of interest are shown on a gross basis. 2. Petroleum includes, and manufacturing and "other" industries exclude, the exploration, development, and production of crude oil and gas, and the transportation, refining, and marketing of petroleum products, exclusive of petrochemicals, "Other" industries includes wholesale trade; banking; finance (except banking), insurance, and real estate; services; and other industries—agriculture, forestry, and fishing; mining; construction; transportation, communication, and public utilities; and retail trade. 3. Acquisition of equity holdings in existing and newly established companies, capital contributions, capitalization of intercompany debt, and other equity contributions. 4. Sales (total and partial), liquidations, returns of capital contributions, and other dispositions of equity holdings. Table 6: 1. Primarily provincial, regional, and municipal. 2. Largely transactions by International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Asian Development Bank (ADB), and Inter-American Development Bank(IDB). 3. Estimate for scheduled redemptions and identifiable early retirements. Includes estimates based on Canadian statistics for redemptions of Canadian issues held in the United States. Unidentified and nonscheduled retirements appear in line A30. Table 7: 1. Estimates of transactions other than those with U.S. banks' Caribbean branches and with financial intermediaries (F.l.s) are not available. Preliminary estimates of transactions with F.l.s, by area, are commingled in "other" to avoid disclosure of individual companies' area data. 2. Deposits (line A5) include other financial claims (line A7) for some countries due to the commingling of these categories in foreign source data. 3. Primarily mortgages, loans, and bills and notes drawn on foreigners. 4. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. 5. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama. 6. Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries. Excludes Ecuador beginning in January 1993. Table 8: 1. Includes central governments and their agencies and corporations; state, provincial, and local governments and their agencies and corporations; and international and regional organizations. 2. U.S.-owned banks are mainly U.S.-chartered banks, Edge Act subsidiaries, and U.S. bank holding companies. Foreign-owned banks include U.S. branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States. U.S. brokers and dealers are identified separately beginning with the first quarter of 1997; prior to 1997, they are commingled with U.S.-owned banks' accounts. 3. Commercial paper issued in the U.S. market by foreign incorporated entities; excludes commercial paper issued through foreign direct investment affiliates in the United States. 4. Negotiable and readily transferable instruments other than commercial paper, payable in dollars; consists largely of negotiable certificates of deposit. 5. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. 6. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama. 7. Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries. Excludes Ecuador beginning in January 1993. 8. Includes Eastern Europe and international and regional organizations. Table 9: 1. Negotiable certificates of deposit issued by banks in the United States are included in banks' custody liabilities and are separately identified in memorandum line 8. Nonnegotiable certificates of deposit are included in time deposits. 2. Includes borrowing under Federal funds or repurchase arrangements, deferred credits, and liabilities other than deposits. 3. Mainly negotiable and readily transferable instruments, excluding U.S. Treasury securities. 4. Mainly International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Asian Development Bank (ADB), Inter-American Development Bank (IDB), and the Trust Fund of the International Monetary Fund. 5. U.S.-owned banks are mainly U.S.-chartered banks, Edge Act subsidiaries, and U.S. bank holding companies. Foreign-owned banks include U.S. branches and agencies of foreign banks and majority-owned bank subsidiaries in the United States. U.S. brokers and dealers are identified separately beginning with the first quarter of 1997; prior to 1997, they are commingled with U.S.-owned banks' accounts. 6. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa. 7. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama. 8. Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries. Excludes Ecuador beginning in January 1993. 9. Includes Eastern Europe and international and regional organizations. Table 10: For footnotes 1-13, see table 1. 14. The "European Union" includes the "European Union (6)." United Kingdom, Denmark, Ireland, Greece, Spain, and Portugal. Beginning with the first quarter of 1995, the "European Union" also includes Austria, Finland, and Sweden. 15. The "European Union (6)" includes Belgium, France, Germany (includes the former German Democratic Republic (East Germany) beginning in the fourth quarter of 1990), Italy, Luxembourg, Netherlands, European Atomic Energy Community, European Coal and Steel Community, and European Investment Bank. 16. Includes, as part of international and unallocated, the estimated direct investment in foreign affiliates engaged in international shipping, in operating oil and gas drilling equipment internationally, and in petroleum trading. Also includes taxes withheld; current-cost adjustments associated with U.S. and foreign direct investment; before 1996, small transactions in business services that are not reported by country; and net U.S. currency flows, for which geographic source data are not available. 17. Details are not shown separately; see totals in lines 56 and 63. 18. Details not shown separately are included in line 69. D-l SURVEY OF CURRENT BUSINESS January 2001 BEA CURRENT AND HISTORICAL DATA National, International, and Regional Estimates This section presents an extensive selection of economic statistics prepared by the Bureau of Economic Analysis (BEA) and a brief selection of collateral statistics prepared by other Government agencies and private organizations. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through the courtesy of the compilers and are subject to their copyrights. BEA's economic statistics are available on three Web sites. BEA's Web site at <www.bea.doc.gov> contains data, articles, and news releases from the national, international, and regional programs. The Federal Statistical Briefing Room (FSBR) on the White House Web site at <www.whitehouse.gov/fsbr> provides key economic statistics, including gross domestic product. The Commerce Department's STAT-USA Web site at <www.stat-usa.gov> provides detailed databases and news releases from BEA and from other Federal Government agencies by subscription. The tables present annual [A], quarterly [Q], and monthly [M] estimates. National Estimates International Estimates A. Selected NIPA tables [A, Q] S. Summary tables D-2 1. National income and product D-3 2. Personal income and outlays D-7 3. Government current receipts and expenditures.... D-8 4. Foreign transactions D-12 5. Saving and investment D-14 6. Income and employment by industry D-l7 7. Quantity and price indexes D-18 8. Supplemental tables D-25 B. Other NIPA and NIPA-related tables B.I Personal income [A,M] D-29 B.2 Disposition of personal income [A, M] D-29 B.3 Gross domestic product by industry[A] D-30 B.4 Personal consumption expenditures by type [A] D-31 B.5 Private fixed investment in structures by type [A] D-32 B.6 Private fixed investment in equipment and software by type [A] D-32 B.7 Consumption and wage and salary accruals by industry [A] D-33 B.8 Employment by industry [A] D-34 B.9 Wage and salary accurals by employee and by industry [A] D-35 B.10 Farm sector output, gross product, and national income [A] D-36 B.ll Housing sector output, gross product, and national income [A] D-36 B.I 2 Net stock of private fixed asssets by type [A] D-37 C. Historical measures C.I Estimates of the major NIPA aggregates D-38 D. Domestic perspectives [A, Q, M] D-41 E. Charts Selected NIPA series D-43 Other indicators of the domestic economy D-49 F. Transactions tables El U.S. international transactions in goods and services [A, M] D-51 F.2 U.S. international transactions [A, Q] D-52 F.3 U.S. international transactions by area [Q] D-53 F.4 Private services transactions [A] D-56 G. Investment tables [A] G.I U.S. international investment position D-57 G.2 USDIA: Selected items D-58 G.3 Selected financial and operating data of foreign affiliates of U.S. companies D-59 G.4 FDIUS: Selected items D-60 G.5 Selected financial and operating data of U.S. affiliates of foreign companies D-61 H. International perspectives [A, Q, M ] D-62 I. Charts The United States in the international economy D-64 Regional Estimates J. State and regional tables J.I Personal income [Q] D-65 J.2 Personal income and disposable personal income [A] D-66 J.3 Per capita personal income and disposable personal income [A] D-67 J.4 Gross state product [A] D-68 K. Local area table K.I Personal income and per capita personal income by metropolitian area [A] D-69 L. Charts Selected regional estimates D-71 Appendixes A: Additional information about the NIPA estimates Statistical conventions D-73 Reconciliation tables [A, Q] D-74 B: Suggested reading D-75 D-2 National Data SURVEY OF CURRENT BUSINESS January 2001 National Data A. Selected NIPA Tables The tables in this section include the most recent estimates of gross domestic product and its components; these estimates were released on December 21, 2000, and include the "final" estimates for the third quarter of 2000. The selected set of NIPA tables shown in this section presents quarterly estimates, which are updated monthly; in most of these tables, annual estimates are also shown. The news release on gross domestic product is available within minutes of the time of release, and the "Selected NIPA Tables" are available later that day, on BEA's Web site <www.bea.doc.gov> and on STAT-USA's Web site <www.stat-usa.gov>. The "Selected NIPA Tables" are also available on printouts or diskettes from BEA. To order NIPA subscription products, call the BEA Order Desk at 1-800-704-0415 (outside the United States, 202-606-9666). S. Summary Tables. Table S.1.—Summary of Percent Change From Preceding Period in Real Gross Domestic Product and Related Measures Table S.2.—Summary of Contributions to Percent Change in Real Gross Domestic Product [Percent] Seasonally adjusted at annual rates 1998 1999 1999 Seasonally adjusted at annual rates 2000 1999 1999 III 4.4 4.2 2.5 5.7 8.3 4.8 5.6 2.2 Percent change at annual rate: 4.7 10.6 4.0 3.9 5.3 12.4 5.6 3.7 5.6 15.0 3.8 4.6 5.0 8.0 4.9 4.5 5.9 13.0 7.4 3.8 7.6 23.6 6.0 5.2 3.1 -5.0 3.6 4.6 4.5 7.6 4.7 3.7 Percentage points at annual rates: 12.5 11.8 13.0 7.2 15.0 8.3 6.6 9.2 10.1 -1.4 14.1 6.4 0 8.7 9.6 -6.2 15.2 5.9 15.0 7.8 11.8 -6.2 18.0 -3.1 17.9 7.2 9.5 9.7 9.5 .5 5.1 16.4 21.0 22.3 20.6 3.2 21.7 11.2 14.6 4.4 17.9 1.3 1.8 3.1 7.7 14.6 5.6 -10.6 Net exports of goods and services Exports Goods Services Imports Goods Services 2.3 2.2 2.4 11.9 11.8 12.2 2.9 4.0 .5 10.7 12.5 1.7 5.8 7.2 2.8 16.2 19.0 2.5 10.2 15.9 -2.5 16.9 19.0 6.3 10.3 12.6 4.6 10.7 11.2 8.2 6.3 6.0 6.9 12.0 11.2 16.6 14.3 19.0 3.5 18.6 20.0 10.6 13.9 21.0 -2.8 17.0 16.2 22.3 Government consumption expenditures and gross investment Federal National defense Nondefense State and local 2.1 -.5 -1.7 1.8 3.6 3.3 2.5 2.0 3.4 3.8 .8 2.0 -2.3 10.2 .1 4.8 6.9 12.3 -2.2 3.7 8.5 13.2 12.6 14.4 6.1 -1.1 -14.2 -19.8 -3.3 4.8 17.2 16.9 17.8 -1.1 -1.4 -9.0 -9.7 -7.9 2.9 Addenda: Final sales of domestic product Gross domestic purchases ..., Final sales to domestic purchasers 4.2 5.5 4.6 5.2 4.0 3.8 6.7 5.6 3.9 6.5 2.4 3.0 5.4 5.6 5.2 7.5 4.7 3.2 Gross national product Disposable personal income 4.2 4.8 4.1 3.2 2.3 2.8 5.1 1.9 5.6 3.7 2.1 2.6 Gross domestic product Personal consumption expenditures Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories Gross domestic product 8.3 4.5 NOTE.—Percent changes from preceding period in the current-dollar and price measures for these series are shown in table 8.1. Personal consumption expenditures Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories 2000 IV 4.4 4.2 2.5 5.7 8.3 4.8 5.6 2.2 3.12 .81 .79 1.53 3.52 .96 1.10 1.46 3.67 1.14 .75 1.78 3.43 .64 .97 1.81 4.08 1.04 1.47 1.58 5.03 1.79 1.19 2.04 2.14 -.42 .74 1.83 2.99 .61 .93 1.46 2.06 1.87 1.54 .22 1.15 1.53 1.26 -.05 .01 1.43 1.18 -.20 2.50 1.33 1.47 -.19 3.04 1.26 1.22 .29 .92 2.68 2.54 .63 3.66 1.93 1.87 .14 .33 .55 1.02 .44 1.32 .33 1.30 .27 1.38 .25 1.66 -.13 .94 .03 1.91 .14 1.73 .06 .58 -.47 .20 -.37 -1.42 1.17 1.78 -1.76 1.73 -.22 Net exports of goods and services Exports Goods Services Imports Goods Services -1.20 .26 .18 .08 -1.46 -1.21 -.24 -1.03 .32 .30 .02 -1.35 -1.32 -.04 -1.35 .60 .51 .08 -1.95 -1.89 -.05 -1.08 1.05 1.13 -.08 -2.13 -1.99 -.13 -.37 1.09 .94 .15 -1.45 -1.28 -.17 -.94 .67 .46 .21 -1.61 -1.28 -.33 -1.00 1.48 1.37 .11 -2.48 -2.26 -.22 -.90 1.45 1.54 -.09 -2.35 -1.90 -.44 Government consumption expenditures and gross investment Federal National defense Nondefense State and local .38 -.03 -.07 .04 .41 .84 .41 .46 -.05 .43 1.50 .79 .48 .30 .71 -.18 -.93 -.86 -.07 .75 .85 .97 .43 .13 .12 -.09 .21 .01 -.24 -.57 -.38 -.18 .33 .37 -.12 NOTE.—More detailed contributions to percent change in real gross domestic product are shown in table 8.2. Contributions to percent change in major components of real gross domestic product are shown in tables 8.3 through 8.6. January 2001 D-3 National Data SURVEY OF CURRENT BUSINESS 1. National Product and Income. Table 1.1 .—Gross Domestic Product Table 1.2.—Real Gross Domestic Product [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted at annual rates 1999 1999 Seasonally adjusted at annual rates 2000 IV 1998 I IV Gross domestic product 8,790.2 9,299.2 9,191.5 9,340.9 9,559.7 9,752.7 9,945.7 10,039.4 Personal consumption expenditures 5,850.9 6,268.7 6,213.2 6,319.9 6,446.2 6,621.7 6,706.3 6,810.8 Durable goods Nondurable goods Services 824.7 693.9 761.3 756.3 767.2 787.6 826.3 814.3 1,707.6 1,845.5 1,825.3 1,860.0 1,910.2 1,963.9 1,997.6 2,031.5 3,449.3 3,661.9 3,631.5 3,692.7 3,748.5 3.831.6 3,894.4 3,954.6 Gross private domestic investment 1,549.9 1,650.1 1,607.9 1,659.1 1,723.7 1.755.7 1,852.6 Fixed investment 1,472.9 1,606.8 1,593.4 1,622.4 1,651.0 1,107.5 1,203.1 1,188.0 1,216.8 1,242.2 Nonresidential 283.2 285.6 283.7 281.2 290.4 Structures Equipment and 824.3 917.4 904.3 935.6 951.8 software 365.4 403.8 405.4 405.6 408.8 Residential 77.0 43.3 14.5 36.7 72.7 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 1,725.8 1,780.5 1,803.0 1,308.5 1,359.2 1,390.6 308.9 315.1 330.1 999.6 1,044.1 1,060.5 412.4 417.3 421.3 66.4 72.0 29.9 -151.5 -254.0 -240.4 -280.5 -299.1 966.0 990.2 973.0 999.5 1,031.0 682.0 699.2 682.1 708.9 734.6 284.0 291.0 290.9 290.7 296.4 1,117.5 1,244.2 1,213.4 1,280.0 1,330.1 930.5 1,048.6 1,020.4 1,081.7 1,127.3 187.0 195.6 193.0 198.3 202.8 -335.2 -355.4 -389.5 1,051.9 1,092.9 1,130.8 747.5 783.6 821.9 304.4 309.2 308.9 1,387.1 1,448.3 1,520.3 1,176.1 1,233.9 1,294.7 211.0 214.4 225.6 1,540.9 1,634.4 1,610.9 1,642.4 1,688.8 540.6 568.6 558.3 570.4 591.6 349.2 365.0 355.3 367.5 380.8 191.4 203.5 203.0 202.8 210.7 1,000.3 1,065.8 1,052.6 1,072.1 1,097.3 1,710.4 1,742.2 1,748.8 580.1 366.6 213.5 2000 1999 1999 604.5 381.9 222.6 1,130.4 1,137.7 594.2 375.0 219.2 1,154.6 Gross domestic product Personal consumption expenditures Durable goods Nondurable goods Services Gross private domestic investment Fixed investment Nonresidential Structures Equipment and software Residential Change in private inventories Net exports of goods and services Exports Goods Services Imports Goods Services Government consumption expenditures and gross investment Federal National defense Nondefense State and local Residual I 8,515.7 8,875.8 8,783.2 8,905.8 9,084.1 9,191.8 9,318.9 9,369.5 5,678.7 5,978.8 5,940.2 6,013.8 6,101.0 6,213.5 6,260.6 6,329.8 886.7 903.2 727.3 817.8 810.5 826.2 851.8 1,684.8 1,779.4 1,765.0 1,786.1 1,818.1 1,844.8 1,861.1 1,882.6 3,269.4 3,390.8 3,373.4 3,411.1 3,443.0 3,487.2 3,526.7 3,559.3 1,566.8 1,669.7 1,485.3 1,621.4 1,140.3 1,255.3 263.0 259.2 879.0 1,003.1 346.1 368.3 80.2 45.3 1,623.1 1,607.1 1,237.5 258.7 985.0 1,680.8 1,751.6 1,773.6 1,863.0 1,871.1 1,637.8 1,272.5 254.6 1,026.6 370.9 368.0 13.1 39.1 1,666.6 1,730.9 1,777.6 1,791.3 1,301.8 1,365.3 1,412.5 1,438.8 260.6 274.0 277.0 286.6 1,050.1 1,100.4 1,146.6 1,162.4 368.5 371.4 372.6 362.3 80.9 36.6 78.6 72.5 -221.0 -322.4 -314.6 -342.6 -352.5 -376.8 -403.4 -427.7 1,003.6 1,033.0 1,017.6 1,042.6 1,068.4 1,084.8 1,121.8 1,158.8 723.6 752.2 735.7 763.4 786.5 798.1 833.5 874.2 280.3 281.7 282.3 280.5 283.7 288.5 291.0 288.9 1,224.6 1,355.3 1,332.2 1,385.2 1,420.9 1,461.7 1,525.2 1,586.4 1,032.0 1,161.1 1,139.9 1,190.5 1,222.5 1,255.3 1,313.9 1,364.0 192.6 195.9 193.7 196.7 200.6 208.4 213.7 224.8 1,486.4 1,536.1 1,519.9 1,537.8 1,569.5 1,565.1 526.9 540.1 532.1 541.0 558.1 537.1 341.7 348.5 340.3 350.4 360.9 341.5 185.2 191.5 191.6 190.5 197.1 195.4 959.2 995.6 987.5 996.4 1,011.2 1,027.4 .1 -5.2 -8.0 .5 -.6 2.8 1,583.7 1,578.2 558.8 355.1 203.6 545.8 346.2 -10.6 -11.2 199.4 1,024.6 1,031.9 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to the percent change in real gross domestic product are shown in table 8.2. Chain-type quantity indexes for the series in this table are shown in table 7.1. D-4 • National Data SURVEY OF CURRENT BUSINESS January 2001 Table 1.3.—Gross Domestic Product by Major Type of Product Table 1.4.—Real Gross Domestic Product by Major Type of Product [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1998 1999 1999 2000 1999 2000 1999 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 Nondurable goods .... Final sales Change in private inventories Services Structures Addenda: Motor vehicle output Gross domestic product less motor vehicle output 8,790.2 9,299.2 9,191.5 9,340.9 9,559.7 9,752.7 9,945.7 10,039.4 8,713.2 9,255.9 9,177.0 9,304.2 9,486.9 9,722.8 9,873.7 9,973.1 14.5 36.7 72.7 29.9 72.0 77.0 43.3 66.4 3,316.4 3,510.2 3,451.2 3,527.3 3,638.7 3,710.2 3,806.1 3,842.9 3,239.3 3,466.9 3,436.7 3,490.6 3,566.0 3,680.3 3,734.1 3,776.5 66.4 14.5 36.7 72.7 29.9 72.0 43.3 77.0 1,578.1 1,678.3 1,640.9 1,697.1 1,749.3 1,794.4 1,857.9 1,869.8 1,532.3 1,651.1 1,635.9 1,669.4 1,701.8 1,773.7 1,809.6 1,830.6 39.2 47.5 20.7 48.3 5.0 45.8 27.2 27.6 130.2 1,889.4 1,915.8 1,948.2 1,973.0 0.3 1,830.2 1,738.3 1,831.9 1,810.3 1,707.1 1,815.8 1,800.8 1,821.1 1,864.1 1,906.6 1,924.5 1,945.9 23.7 9.2 31.2 16.1 27.2 9.5 9.1 25.2 4,673.0 4,934.6 4,891.2 4,965.2 5,050.3 5,135.2 5,231.4 5,281.6 800.9 854.3 849.1 848.5 870.7 907.4 908.2 915.0 346.6 314.9 352.6 338.6 357.8 355.9 355.5 339.6 8,475.3 8,952.5 8,852.9 8,988.3 9,201.8 9,396.8 9,590.2 9,699.9 NOTE—Percent changes from preceding period for gross domestic product and for final sales of domestic product are shown in table 8.1. 8,515.7 8,875.8 8,783.2 8,905.8 9,084.1 9,191.8 9,318.9 9,369.5 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 Nondurable goods Final sales Change in private inventories Services Structures Residual Addenda: Motor vehicle output Gross domestic product less motor vehicle output 8,435.2 8,826.9 8,764.9 8,861.8 9,000.5 9,148.0 9,235.3 9,290.9 13.1 39.1 80.9 36.6 78.6 72.5 80.2 45.3 2.7 7.2 5.0 4.9 3.6 5.2 .3 6.1 3,340.0 3,543.8 3,475.6 3,565.3 3,684.4 3,741.9 3,818.8 3,857.8 3,258.7 3,495.7 3,459.8 3,522.4 3,599.6 3,699.5 3,733.9 3,778.3 80.2 45.3 13.1 39.1 80.9 36.6 78.6 72.5 1,638.4 1,780.6 1,735.4 1,805.5 1,867.8 1,919.7 1,984.1 1,995.7 1,591.2 1,752.5 1.730.9 1,776.9 1,818.2 1,899.0 1,933.9 1,955.2 28.2 5.2 28.6 48.9 21.2 49.5 40.2 46.9 1,704.3 1,769.1 1,745.0 1,766.9 1,824.2 1,832.3 1,847.8 1,874.4 1,670.2 1,749.3 1,734.6 1,752.7 1,788.9 1,811.5 1,813.1 1,836.2 17.1 15.5 29.5 32.5 7.9 33.3 10.5 32.1 4,427.1 4,563.3 4,537.8 4,581.1 4,631.0 4,659.3 4,718.8 4,733.6 751.8 776.5 774.7 768.1 781.9 804.9 798.8 797.6 -4.8 -11.1 -7.9 -12.1 -16.9 -19.6 -24.7 -25.8 317.9 348.2 341.6 352.0 359.0 355.2 359.3 339.1 8,198.2 8,528.8 8,442.6 8,555.1 8,726.5 8,833.7 8,964.3 9,029.8 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-doliar estimates are usually not additive. The residual line following change in private inventories is the difference between gross domestic product and the sum of final sales of domestic product and of change in private inventories; the residual line following structures is the difference between gross domestic product and the sum of the detailed lines of goods, of services, and of structures. Percent changes from preceding period for gross domestic product and for final sales of domestic product are shown in table 8.1. Chain-type quantity indexes for the series in this table are shown in table 7.17. Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers Table 1.6.—Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers [Billions of dollars] [Billions of chained (1996) dollars] Gross domestic product 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 8,790.2 9,299.2 9,191.5 9,340.9 9,559.7 9,752.7 9,945.7 10,039.4 966.0 990.2 973.0 999.5 1,031.0 1,051.9 1,092.9 1,130.8 1,117.5 1,244.2 1,213.4 1,280.0 1,330.1 1,387.1 1,448.3 1,520.3 8,941.7 9,553.2 9,432.0 9,621.4 9,858.8 10,087.9 10,301.1 10,429.0 77.0 43.3 14.5 36.7 72.7 29.9 72.0 66.4 8,864.7 9,509.9 9,417.4 9,584.7 9,786.1 10,058.0 10,229.1 10,362.6 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 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 8,515.7 8,875.8 8,783.2 8,905.8 9,084.1 9,191.8 9,318.9 9,369.5 1,003.6 1,033.0 1,017.6 1,042.6 1,068.4 1,084.8 1,121.8 1,158.8 1,224.6 1,355.3 1,332.2 1,385.2 1,420.9 1,461.7 1,525.2 1,586.4 8,727.9 9,179.1 9,079.6 9,226.7 9,414.1 9,543.6 9,694.3 9,766.0 80.2 45.3 13.1 39.1 80.9 36.6 78.6 72.5 8,647.2 9,130.3 9,061.5 9,182.8 9,330.4 9,499.9 9,610.5 9,687.3 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Percent changes from preceding period for selected series in this table are shown in table 8.1. Chain-type quantity indexes for selected series in this table are shown in table 7.2. Table 1.8—Real Gross Domestic Product by Sector [Billions of chained (1996) dollars] Table 1.7.—Gross Domestic Product by Sector [Billions of dollars] Gross domestic product 8,790.2 9,299.2 9,191.5 9,340.9 9,559.7 7,425.7 7,872.4 7,773.0 7,908.0 8,110.8 Business1 Nonfarm2 7,345.0 7,798.2 7,695.4 7,837.1 8,041.1 6,642.7 7,054.0 6,957.3 7,088.4 7,280.5 Nonfarm less housing 702.3 744.3 738.2 748.7 760.6 Housing Farm 80.8 74.2 77.6 70.9 69.8 Households and institutions 385.1 401.7 399.9 403.2 407.4 Private households 9.5 14.0 11.5 12.2 11.0 392.2 397.9 Nonprofit institutions 371.2 390.3 387.7 3 1,029.7 1,041.4 General government 979.3 1,025.0 1,018.7 309.7 311.7 Federal 298.6 309.5 308.3 720.0 729.8 State and local 680.7 715.5 710.3 1. Equals 2. Equals 3. Equals as shown in 9,752.7 8,277.9 8,207.0 7,431.1 775.9 71.0 412.0 9.1 402.9 1,062.7 322.9 739.8 9,945.7 8,449.9 8,375.0 7,589.9 785.0 74.9 418.2 9.3 408.9 1,077.6 328.6 749.0 10,039.4 8,526.9 8,454.2 7,660.3 793.9 72.8 425.1 9.5 415.7 1,087.4 328.6 758.8 gross domestic product less gross product of households and institutions and of general government. gross domestic business product less gross farm product. compensation of general government employees plus general government consumption of fixed capital table 3.7. Gross domestic product Business1 Nonfarm2 Nonfarm less housing Housing Farm Households and institutions ... Private households Nonprofit institutions General government3 Federal State and local Residual 1. Equals 2. Equals 3. Equals as shown in 8,515.7 7,215.9 7,114.7 6,452.5 662.6 100.2 371.7 13.3 358.4 928.7 286.4 642.2 .1 8,875.8 7,557.0 7,450.2 6,767.8 683.1 106.3 378.3 10.6 367.8 942.1 286.5 655.4 -1.7 8,783.2 7,467.0 7,357.3 6,678.6 679.3 111.4 377.7 11.3 366.4 939.7 286.0 653.5 -3.3 8,905.8 7,585.1 7,479.2 6,794.1 685.9 104.5 378.7 9,084.1 9,191.8 7,758.4 7,859.0 7,652.7 7,749.9 6,961.6 7,050.6 692.3 700.6 103.1 107.3 380.9 382.3 8.6 8.2 10.1 368.7 372.3 374.2 943.6 947.4 953.5 286.3 287.0 289.1 657.1 660.2 664.2 -.9 -1.0 -2.4 9,318.9 7,975.8 7,868.5 7,165.4 704.7 104.1 384.5 8.2 376.4 962.0 294.5 667.4 -1.8 9,369.5 8,021.9 7,912.9 7,206.7 707.9 106.2 386.5 8.3 378.3 964.6 292.9 671.6 -2.4 gross domestic product less gross product of households and institutions and of general government. gross domestic business product less gross farm product. compensation of general government employees plus general government consumption of fixed capital table 3.8. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Chain-type quantity indexes for the series in this table are shown in table 7.14. D-5 National Data SURVEY OF CURRENT BUSINESS January 2001 Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income Table 1.10.—Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted at annual rates 1998 1999 1999 II Gross domestic product Plus: Income rest of the Less: Income rest of the receipts from the world payments to the world Equals: Gross national product Less: Consumption of fixed capital Private Capital consumption allowances .... Less: Capital consumption adjustment Government General government ... Government enterprises .... Equals: Net national product Less: Indirect business tax and nontax liability Business transfer payments Statistical discrepancy Plus: Subsidies less current surplus of government enterprises Equals: National income Less: Corporate profits with inventory valuation and capital consumption adjustments Net interest Contributions for social insurance Wage accruals less disbursements Plus: Personal interest income Personal dividend income Government transfer nQwrnonfc ^r\ payments 10 persons Business transfer payments to persons IV III Seasonally adjusted at annual rates 1999 2000 I II 8,790.2 9,299.2 9,191.5 9,340.9 9,559.7 9,752.7 305.9 295.9 314.4 331.2 350.9 375.4 372.8 288.9 316.9 305.6 328.0 344.6 358.6 383.7 381.7 1,077.3 1,161.0 1,148.8 1,181.8 1,188.5 1,215.4 889.4 961.4 983.5 1,005.6 980.8 951.0 911.3 984.9 975.2 1,000.6 1,007.7 1,026.3 9,937.4 10,030.5 1,244.3 1,029.8 1,272.3 1,053.3 1,043.9 1,062.0 8.6 21.9 188.0 23.5 199.6 24.2 197.8 19.8 201.0 24.2 205.0 20.8 209.8 14.1 214.6 219.0 160.4 170.3 168.7 171.5 175.0 179.1 183.2 187.1 30.0 30.7 31.4 31.8 7,709.3 8,127.1 8,033.0 8,145.5 8,357.7 8,529.6 8,693.1 8,758.2 772.0 41.6 -101.8 27.5 29.3 29.1 29.5 679.6 718.1 707.9 721.6 745.5 755.9 764.6 38.0 -24.8 39.7 -71.9 39.3 -76.8 39.9 -89.5 40.6 -67.8 41.3 -77.7 42.0 -72.5 21.5 28.4 29.7 19.5 41.4 23.5 24.2 42.0 7,038.1 7,469.7 7,392.3 7,493.1 7,680.7 7,833.5 7,983.2 8,088.5 815.0 482.7 856.0 507.1 836.8 494.1 842.0 513.8 893.2 530.6 936.3 545.4 963.6 565.9 970.3 575.7 622.1 662.1 657.0 666.9 676.1 691.2 701.7 710.2 2.1 5.2 5.2 5.2 963.7 951.3 969.4 351.1 370.3 366.8 373.5 5.2 0 989.0 1,011.6 380.2 386.9 0 1,031.3 392.6 0 1,042.9 399.7 997.3 1,016.5 1,035.5 1,043.5 30.4 30.6 30.8 Equals: Personal income 7,391.0 7,789.6 7,729.7 7,828.5 7,972.3 8,105.8 8,242.1 8,349.0 Addenda: Gross domestic income Gross national income Net domestic product 8,815.0 9,371.1 9,268.3 9,430.4 9,627.5 9,830.4 10,018.3 10,141.3 8,811.4 9,360.1 9,258.6 9,416.8 9,614.0 9,822.7 10,010.0 10,132.3 7,712.9 8,138.1 8,042.7 8,159.1 8,371.2 8,537.3 8,701.4 8,767.1 Gross domestic product Plus: Income rest of the Less: Income rest of the receipts from the world payments to the world Equals: Gross national product Less: Consumption of fixed capital Private Government General government Government enterprises 954.3 986.5 982.6 990.4 28.7 29.7 29.6 29.9 30.1 8,515.7 8,875.8 8,783.2 8,905.8 9,084.1 9,191.8 9,318.9 9,369.5 278.7 294.1 285.4 301.9 316.2 332.0 353.2 348.7 279.3 301.5 291.8 312.0 325.0 335.8 357.9 354.8 8,515.1 8,868.3 8,776.7 8,895.4 9,075.0 9,187.7 9,313.7 9,362.8 1,081.0 1,169.7 1,154.1 1,190.1 1,202.8. 1,229.1 1,256.0 1,283.0 959.9 974.1 993.3 1,003.2 1,026.7 1,050.7 1,074.8 894.5 194.4 197.0 199.7 195.8 186.6 202.7 205.6 208.6 159.7 167.8 166.6 168.8 171.2 26.9 28.0 27.9 28.2 28.5 173.7 Equals: Net national product 7,434.9 7,701.6 7,625.5 7,709.1 7,875.1 Addenda: Gross domestic income' Gross national income 2 Net domestic product 8,539.5 8,539.0 7,435.4 176.3 179.0 29.3 29.6 29.0 7,962.3 8,062.2 8,086.1 8,944.4 8,856.6 8,991.1 9,148.4 9,265.0 8,936.9 8,850.1 8,980.8 9,139.4 9,260.9 7,709.0 7,632.0 7,719.3 7,884.1 7,966.4 9,386.9 9,464.6 9,381.7 9,457.8 8,067.4 8,092.7 1. Gross domestic income deflated by the implicit price deflator for gross domestic product. 2. Gross national income deflated by the implicit price deflator for gross national product. NOTE—Except as noted in footnotes 1 and 2, chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chaineddollar estimates are usually not additive. The chain-type quantity index for gross national product is shown in table 7.3. Table 1.11.—Command-Basis Real Gross National Product [Billions of chained (1996) dollars] Gross national product 940.8 2000 III 9,945.7 10,039.4 285.4 8,786.7 9,288.2 9,181.8 9,327.3 9,546.3 9,745.0 1999 Less: Exports of goods and services and income receipts from the rest of the world Plus: Command-basis exports of goods and services and income receipts from the rest of the w o r l d 1 Equals: Command-basis gross national product Addendum: Terms of t r a d e 2 8,515.1 8,868.3 8,776.7 8,895.4 9,075.0 9,187.7 9,313.7 9,362.8 1,282.2 1,327.4 1,303.0 1,345.0 1,385.6 1,418.6 1,477.5 1,508.9 1,336.8 1,374.0 1,354.3 1,385.3 1,418.9 1,443.4 1,508.9 1,532.8 8,569.7 8,915.0 104.3 103.5 8,828.1 103.9 8,935.7 9,108.3 9,212.5 9,345.1 103.0 102.4 101.7 102.1 9,386.7 101.6 1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and services and income payments. 2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding implicit price deflator for imports divided by 100. NOTE—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Percent changes from preceding period for gross national product are shown in table 8.1. Chain-type quantity indexes for the series in this table are shown in table 7.3. D-6 • National Data January 2001 SURVEY OF CURRENT BUSINESS Table 1.16.—Gross Product of Corporate Business in Current Dollars and Gross Product of Nonfinancial Corporate Business in Current and Chained Dollars Table 1.14.—National Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates 1998 1999 1999 IV National income Seasonally adjusted at annual rates 2000 1998 I Rental income of persons with capital consumption adjustment Rental income of persons Capital consumption adjustment Corporate profits with inventory valuation and capital consumption adjustments Corporate profits with inventory valuation adjustment Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits ... Inventory valuation adjustment Capital consumption adjustment Net interest Addenda: Corporate profits after tax with inventory valuation and capital consumption adjustments Net cash flow with inventory valuation and capital consumption adjustments ... Undistributed profits with inventory valuation and capital consumption adjustments Consumption of fixed capital Less: Inventory valuation adjustment Equals: Net cash flow 2000 1999 7,038.1 7,469.7 7,392.3 7,493.1 7,680.7 7,833.5 7,983.2 8,088.5 Compensation of employees ... 4,984.2 5,299.8 5,255.4 5,340.9 5,421.1 5,512.2 5,603.5 5,679.6 4,192.8 4,475.1 4,435.5 4,512.2 4,583.5 4,660.4 4,740.1 4,804.9 Wage and salary accruals 692.7 724.4 720.3 727.5 734.5 749.9 760.2 765.4 Government ,784.7 3,849.0 3,910.5 3,500.1 3,750.7 3,715.2 ,715.2 3,784.7 1,910.5 3,980.0 1,980.0 4,039.5 Other Supplements to wages and 791.4 824.6 819.9 828.7 837.7 851.8 863.3 874.7 salaries Employer contributions for 321.2 325.9 330.3 337.8 342.9 347.1 305.9 323.6 social insurance 507.4 514.0 520.5 527.6 485.5 501.0 498.7 502.8 Other labor income Proprietors' income with inventory valuation and capital consumption adjustments Farm Proprietors' income with inventory valuation adjustment Capital consumption adjustment Nonfarm Proprietors' income Inventory valuation adjustment Capital consumption adjustment 1999 663.5 25.3 660.4 29.0 659.7 689.6 693.9 709.5 15.5 31.7 19.1 21.5 724.8 31.7 33.1 33.6 37.0 24.8 39.8 27.4 29.9 40.3 -7.6 595.2 545.1 -8.3 638.2 586.9 -8.0 631.4 581.0 -9.3 644.2 593.7 -8.1 657.9 605.7 -8.3 674.8 624.1 -8.4 688.1 635.2 -8.6 693.1 639.6 1.4 -1.4 -2.0 -2.6 -1.7 -2.9 -.9 -.7 48.7 52.7 52.4 53.1 53.9 53.6 53.8 54.2 135.4 187.6 143.4 145.7 200.2 136.6 196.3 146.2 202.3 145.6 203.1 140.8 199.4 198.8 138.1 196.6 -52.2 -56.0 -54.5 -59.7 -56.1 -57.5 -58.0 -58.5 620.7 25.4 815.0 856.0 842.0 893.2 936.3 963.6 970.3 775.1 758.2 244.6 513.6 351.5 162.1 813.9 823.0 255.9 567.1 370.7 196.4 795.6 804.5 250.8 553.7 367.2 186.5 799.3 819.0 254.2 564.8 373.9 190.9 851.5 870.7 270.8 599.9 380.6 219.3 895.7 920.7 286.3 634.4 387.3 247.1 928.8 942.5 292.0 650.4 393.0 257.4 940.5 945.1 290.6 654.4 400.1 254.4 17.0 -9.1 -8.9 -19.7 -19.2 -25.0 -13.6 -4.5 39.9 42.1 41.2 42.7 41.6 40.6 34.7 29.7 482.7 507.1 494.1 513.8 530.6 545.4 565.9 575.7 570.4 600.1 585.9 587.9 622.3 650.0 843.2 906.3 889.4 901.7 936.5 974.2 1,009.5 1,029.6 218.9 229.4 218.7 214.0 241.7 262.7 278.5 279.6 624.3 676.9 670.7 687.7 711.5 731.1 750.0 17.0 826.2 -9.1 915.4 -8.9 898.4 -19.7 921.3 -19.2 955.8 671.5 679.7 -4.5 -25.0 -13.6 999.2 1,023.2 1,034.2 Billions of dollars Gross product of corporate business Consumption of fixed capital 5,339.3 5,692.5 5,631.0 5,722.6 5,852.7 5,975.9 6,094.7 6,175.9 624.3 676.9 670.7 687.7 711.5 Net product 4,715.0 5,015.6 4,960.3 5,034.9 5,157.9 Indirect business tax and nontax liability plus business transfer payments less subsidies 523.3 517.8 523.3 542.9 494.9 Domestic income 4,220.1 4,492.3 492.3 4,442.5 4,511.5 ,511.5 4,614.9 ,614.9 Compensation of employees 3,351.4 3,585.2 3,551.8 3,617.3 3,677.1 Wage and salary accruals 2,870.6 3,082.1 3,050.8 3,111.6 3,167.5 Supplements to wages and salaries 480.8 503.1 501.0 505.7 509.6 Corporate profits with inventory valuation and capital consumption adjustments 711.5 744.6 730.8 730.1 772.7 Profits before tax 654.7 711.6 698.6 707.0 750.2 Profits tax liability 244.6 255.9 250.8 254.2 270.8 Profits after tax 410.1 455.7 447.7 452.9 479.4 312.4 328.9 335.7 331.1 338.7 Dividends 140.7 97.7 126.7 112.1 121.8 Undistributed profits Inventory valuation adjustment 17.0 -9.1 -8.9 -19.7 -19.2 Capital consumption adjustment 42.1 42.7 39.9 41.2 41.6 Net interest 157.1 162.5 160.0 164.2 165.2 Gross product of financial corporate business Gross product of nonfinancial corporate business Consumption of fixed capital Net product Indirect business tax and nontax liability plus business transfer payments less subsidies Domestic income Compensation of employees Wage and salary accruals Supplements to wages and salaries Corporate profits with inventory valuation and capital consumption adjustments Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits Inventory valuation adjustment Capital consumption adjustment Net interest 611.2 4,728.1 643.7 631.3 642.0 660.8 731.1 750.0 5,264.5 5,363.7 5,425.8 554.5 561.1 564.1 4,710.0 4,802.5 4,861.7 3,733.0 3,797.1 3,852.8 3,213.3 3,270.4 3,319.1 519.7 526.7 533.7 807.4 791.8 286.3 505.5 345.3 160.2 829.3 808.2 292.0 516.1 347.9 168.3 828.1 802.9 290.6 512.3 354.7 157.6 -25.0 -13.6 -4.5 40.6 169.6 34.7 176.2 29.7 180.8 675.7 680.7 695.8 5,048.8 4,999.7 5,080.6 5,191.9 5,300.3 5,414.0 5,480.1 564.5 526.8 579.2 584.0 597.5 613.4 628.8 4,201.3 4,479.3 4,435.2 4,501.4 4,607.9 4,702.7 4,800.7 4,851.3 456.5 482.5 477.3 482.3 501.1 511.7 517.8 520.6 ,744.9 3,996.8 3,958.0 4,019.0 3,744.9 ,019.0 4,106.8 4,191.0 4,282.9 4,330.7 3,055.1 3,267.0 3,236.5 3,295.8 3,352.2 3,401.6 3,460.0 3,510.7 2,612.8 2,804.4 2,775.5 2,830.9 2,884.0 2,923.7 2,975.7 3,020.0 442.3 462.7 460.9 464.9 468.3 477.9 484.4 490.7 560.4 489.9 159.4 330.5 240.5 90.0 588.5 539.5 166.6 373.0 250.9 122.1 586.0 538.1 167.2 370.9 256.3 114.6 579.1 539.9 167.1 372.8 252.1 120.6 602.0 563.0 173.5 389.5 257.5 132.0 632.8 599.9 186.0 413.8 262.5 151.3 660.1 620.1 193.5 426.7 264.5 162.2 653.0 607.4 188.3 419.2 269.7 149.5 17.0 -9.1 -8.9 -19.7 -19.2 -25.0 -13.6 -4.5 53.5 129.4 58.0 141.3 56.9 135.5 58.9 144.1 58.2 152.6 57.9 156.6 53.7 162.7 50.1 167.0 Billions of chained (1996) dollars Gross product of nonfinancial corporate business 4,679.9 4,957.1 4,904.4 4,987.0 5,093.6 5,171.0 5,251.2 5,308.1 Consumption of fixed capital' .... 533.9 586.7 577.9 597.2 607.3 623.1 639.2 655.4 Net product 2 4,146.0 4,370.4 4,326.6 4,389.8 4,486.3 4,547.9 4,612.0 4,652.7 1. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. 2. Chained-dollar net product of nonfinancial corporate business is the difference between the gross product and the consumption of fixed capital. SURVEY OF CURRENT BUSINESS January 2001 D-7 National Data 2. Personal Income and Outlays. Table 2.2.—Personal Consumption Expenditures by Major Type of Product Table 2.1—Personal Income and Its Disposition [Billions of dollars] [Billions of dollars] Seasonally adjusted at annual rates 1998 1999 1999 Seasonally adjusted at annual rates 2000 1998 Personal income Wage and salary disbursements Private industries Goods-producing industries Manufacturing Distributive industries Service industries Government 7,391.0 7,789.6 7,729.7 7,828.5 7,972.3 8,105.8 8,242.1 1,038.6 1,089.2 1,081.6 1,097.8 1,111.2 1,130.9 1,147.1 1,161.4 777.4 756.6 782.4 789.0 795.1 802.8 813.1 821.4 949.1 1,020.3 1,009.9 1,029.9 1,049.4 1,070.9 1,095.7 1,118.1 1,510.3 1,636.0 1,618.6 1,651.8 1,683.2 1,708.6 1,737.2 1,760.1 692.7 724.4 720.3 727.5 734.5 749.9 760.2 765.4 485.5 501.0 498.7 502.8 Proprietors' income with inventory valuation and capital consumption adjustments Farm Nonfarm 620.7 25.4 595.2 663.5 25.3 638.2 660.4 659.7 29.0 631.4 15.5 644.2 507.4 31.7 657.9 514.0 520.5 527.6 693.9 709.5 21.5 688.1 724.8 31.7 693.1 19.1 674.8 Personal consumption expenditures Durable goods Motor vehicles and parts Furniture and household equipment Other Nondurable goods Food Clothing and shoes Gasoline, fuel oil, and other energy goods Gasoline and oil Fuel oil and coal Other Services Rental income of persons with capital consumption adjustment 135.4 143.4 145.7 136.6 146.2 380.2 Personal dividend income ... 351.1 370.3 366.8 373.5 Personal interest income 940.8 963.7 951.3 969.4 145.6 140.8 138.1 386.9 392.6 399.7 1,011.6 1,031.3 1,042.9 Transfer payments to persons Old-age, survivors, disability, and health insurance benefits Government unemployment insurance benefits Veterans benefits Other transfer payments .... Family assistance ] Other Less: Personal contributions for social insurance 983.0 1,016.2 1,012.2 1,020.3 1,027.4 578.0 588.0 586.1 589.7 592.8 19.5 23.4 362.0 17.0 345.0 20.3 24.3 383.6 17.8 365.8 20.6 24.2 381.3 17.6 363.7 20.2 24.4 386.1 17.9 368.2 316.2 338.5 345.9 335.8 341.0 1,046.9 1,066.1 1,074.2 607.9 624.3 627.2 20.1 24.5 20.1 24.9 390.1 18.1 371.9 393.9 18.3 375.6 19.4 24.9 397.5 18.5 379.0 19.9 25.1 402.0 18.7 383.2 353.4 358.8 363.1 1,070.9 1,152.0 1,133.4 1,164.0 1,197.3 1,239.3 1,277.2 1,308.1 Equals: Disposable personal income 6,320.0 6,637.7 6,596.3 6,664.5 6,775.0 6,866.5 6,964.9 7,040.9 Less: Personal outlays 6,054.7 6,490.1 Personal consumption expenditures Interest paid by persons Personal transfer payments to the rest of the world (net) Equals: Personal saving Addenda: Disposable personal income: Total, billions of chained (1996) dollars 2 Per capita: Current dollars Chained (1996) dollars Population (mid-period, millions) Personal saving as a percentage of disposable personal income 7,054.7 5,850.9 6,268.7 6,213.2 6,319.9 6,446.2 6,621.7 6,706.3 6,810.8 192.9 196.8 200.2 205.3 209.7 214.4 179.8 194.8 Addenda: Energy goods and services l Personal consumption expenditures less food and energy 26.6 26.7 26.6 27.6 28.5 28.3 29.5 265.4 147.6 163.6 121.1 101.0 11.0 20.6 -13.8 6,134.1 6,331.0 6,306.6 6,341.7 6,412.2 23,359 22,672 6,443.1 6,502.0 6,543.7 24,314 24,196 24,384 24,728 25,014 25,322 25,535 23,191 23,133 23,203 23,404 23,472 23,639 23,732 270.6 273.0 272.6 273.3 274.0 4.2 2.2 2.5 1.8 1.5 274.5 275.1 NOTE.—Percent changes from preceding period for disposable personal income are shown in table 8.1. 693.9 761.3 756.3 767.2 787.6 826.3 814.3 824.7 288.8 320.7 321.8 323.2 330.3 349.3 335.5 341.4 266.1 139.0 288.5 152.0 284.7 149.8 291.0 153.0 298.8 158.5 309.7 167.3 311.1 167.7 314.1 169.3 1,707.6 1,845.5 1,825.3 1,860.0 1,910.2 1,963.9 1,997.6 2,031.5 845.8 286.4 897.8 307.0 886.6 306.1 900.4 308.7 926.1 311.9 938.4 323.1 948.3 325.6 959.9 330.9 128.0 115.2 12.8 447.4 142.7 128.3 141.3 127.3 14.0 491.3 148.5 133.4 15.1 502.4 157.6 142.0 15.6 514.6 172.9 182.0 163.3 18.7 541.7 185.8 165.5 20.3 554.9 14.4 498.0 154.5 18.5 529.5 3,449.3 3,661.9 3,631.5 3,692.7 3,748.5 3,831.6 3,894.4 3,954.6 858.2 345.6 128.5 217.1 244.5 898.6 218.7 883.7 906.2 360.2 128.9 231.3 256.5 943.6 237.1 958.4 900.8 357.2 127.4 229.7 254.7 935.9 234.8 948.0 911.6 366.7 133.7 232.9 258.1 950.0 240.5 965.8 936.7 962.2 923.5 950.0 385.7 363.0 369.0 380.6 141.1 126.7 138.4 129.5 244.5 236.3 242.2 239.5 275.5 262.3 272.8 267.4 964.0 989.6 1,005.6 979.3 244.5 260.7 268.5 253.0 991.2 1,026.3 1,040.8 1,057.2 256.5 271.6 268.7 282.2 284.4 302.4 320.4 326.9 4,748.6 5,099.3 5,057.9 5,137.3 5,235.8 5,380.9 5,437.6 5,524.1 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. [Billions of chained (1996) dollars] Personal consumption expenditures Durable goods Motor vehicles and parts Furniture and household equipment Other Nondurable goods 24.0 275.7 -.2 1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. 2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other 5,850.9 6,268.7 6,213.2 6,319.9 6,446.2 6,621.7 6,706.3 6,810.8 Table 2.3.—Real Personal Consumption Expenditures by Major Type of Product Less: Personal tax and nontax payments 6,432.8 6,543.3 6,674.1 6,855.6 6,944.3 2000 8,349.0 4,190.7 4,470.0 4,430.4 4,507.0 4,578.3 4,660.4 4,740.1 4,804.9 3,498.0 3,745.6 3,710.0 3,779.6 3,843.8 3,910.5 3,980.0 4,039.5 Other labor income 1999 1999 Food Clothing and shoes Gasoline, fuel oil, and other energy goods Gasoline and oil Fuel oil and coal Other Services Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other Residual Addenda: Energy goods and services' Personal consumption expenditures less food and energy 5,678.7 5,978.8 5,940.2 6,013.8 6,101.0 6,213.5 6,260.6 6,329.8 727.3 817.8 810.5 826.2 851.8 898.2 886.7 903.2 291.7 323.0 325.3 324.9 330.9 351.8 335.9 342.0 294.4 141.5 338.7 157.3 331.7 154.1 343.9 158.9 358.2 164.9 374.1 174.0 379.3 175.0 387.2 177.6 1,684.8 1,779.4 1,765.0 1,786.1 1,818.1 1,844.8 1,861.1 1,882.6 812.8 292.2 845.9 318.5 838.0 316.5 846.7 322.1 866.0 322.1 872.2 337.7 876.5 342.3 879.1 350.2 145.1 131.2 14.0 434.9 149.6 134.2 15.5 466.0 150.0 134.3 15.7 461.3 149.6 133.6 16.0 468.5 151.5 136.2 15.3 478.7 145.8 131.2 14.7 490.6 147.5 132.2 15.3 496.5 149.5 3,269.4 133.8 15.8 505.9 3,390.8 3,373.4 3,411.1 3,443.0 3,487.2 3,526.7 3,559.3 825.7 355.9 130.2 225.6 239.7 878.1 216.3 857.1 830.7 364.7 135.5 229.1 242.7 885.6 220.1 867.0 -9.4 -11.5 841.4 364.7 130.0 234.4 247.5 897.4 227.3 907.4| 847.0 374.8 136.5 238.1 249.9 903.8 232.2 918.0 851.7 375.2 133.9 241.1 250.8 909.1 236.7 934.3 -18.2 -17.9 -19.4 275.4 283.0 282.9 4,590.4 4,851.4 4,821.2 4,881.3 4,954.3 5,064.4 5,099.5 5,166.5 807.7 343.0 130.0 213.0 233.1 859.8 206.8 818.6 -3.0 275.1 828.3 358.0 130.9 226.9 241.2 881.7 217.8 863.1 -10.2 280.4 836.5 359.3 127.7 231.2 245.0 892.8 222.2 886.1 -12.8 280.0 284.9 279.2 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Chain-type quantity indexes for the series in this table are shown in table 7.4. Contributions to the percent change in real personal consumption expenditures are shown in table 8.3. D-8 • National Data SURVEY OF CURRENT BUSINESS January 2001 3. Government Current Receipts and Expenditures. Table 3.1 .—Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates 1998 1999 2000 1999 IV Current receipts Personal tax and nontax receipts Corporate profits tax accruals Indirect business tax and nontax accruals Contributions for social insurance Current expenditures Consumption expenditures I III 2,617.2 2,788.0 2,749.1 2,806.6 2,889.8 2,972.8 3,035.6 3,081.0 1,070.9 1,152.0 1,133.4 1,164.0 1,197.3 1,239.3 1,277.2 1,308.1 244.6 255.9 250.8 254.2 270.8 286.3 292.0 290.6 679.6 718.1 707.9 721.6 745.5 755.9 764.6 772.0 622.1 662.1 657.0 666.9 676.1 691.2 701.7 710.2 2,526.5 2,613.5 2,593.6 2,612.0 2,679.8 2,684.9 2,734.5 2,764.4 1,262.1 1,325.7 1,307.4 1,334.4 1,364.5 1,376.2 1,410.3 1,415.2 Transfer payments (net) To persons To the rest of the world (net) 965.1 954.3 10.8 998.1 986.5 11.6 992.5 982.6 10.0 999.5 1,016.2 1,024.8 1,044.7 1,054.9 990.4 997.3 1,016.5 1,035.5 1,043.5 9.1 9.1 11.4 18.9 8.3 Net interest paid Interest paid To persons and business To the rest of the world Less: Interest received by government 278.2 371.2 280.1 91.1 93.0 261.7 357.0 261.8 95.1 95.2 264.3 358.9 266.3 92.6 94.6 258.9 354.3 257.8 96.6 95.5 Less: Dividends received by government Subsidies less current surplus of government enterprises Subsidies Less: Current surplus of government enterprises Less: Wage accruals less disbursements Current surplus or deficit (-), national income and product accounts Social insurance funds Other Addenda: Net lending or net borrowing (-) Current surplus or deficit (-), national income and product accounts Plus: Consumption of fixed capital Plus: Capital transfers received (net) Less: Gross investment Less: Net purchases of nonproduced assets 258.2 355.1 254.5 100.6 96.9 260.8 360.6 256.3 104.3 99.8 255.7 358.0 250.4 107.6 102.2 252.8 354.2 244.7 109.5 101.4 .4 .4 .4 .4 .4 .4 .4 .4 21.5 35.0 13.5 28.4 43.9 15.6 29.7 45.0 15.3 19.5 35.3 15.8 41.4 57.7 16.3 23.5 40.7 17.3 24.2 41.6 17.4 42.0 59.1 17.1 90.7 174.4 155.5 194.7 210.0 287.9 301.1 316.6 57.3 33.4 90.3 84.1 85.7 69.7 94.3 100.4 102.7 107.2 106.1 181.8 103.6 197.4 111.2 205.3 30.2 90.7 188.0 32.4 278.8 2.1 94.9 174.4 199.6 36.8 308.7 7.2 79.4 155.5 197.8 36.6 303.5 6.9 115.8 194.7 201.0 36.2 308.0 8.1 121.7 210.0 205.0 39.2 324.4 8.0 192.0 287.9 209.8 37.1 334.2 8.6 212.6 301.1 214.6 36.2 331.9 7.5 228.3 316.6 219.0 36.4 333.6 10.0 0 0 0 0 0 SURVEY OF CURRENT BUSINESS January 2001 Table 3.2.—Federal Government Current Receipts and Expenditures D-9 National Data Table 3.3.—State and Local Government Current Receipts and Expenditures [Billions of dollars] [Billions of dollars] Seasonally adjusted at annual rates 1999 1999 Seasonally adjusted at annual rates 2000 1998 Current receipts 913.7 938.2 928.4 9.4 904.1 9.6 214.9 24.5 190.4 217.8 25.2 192.6 232.3 27.7 204.6 245.7 29.2 216.5 250.5 29.3 221.3 249.4 30.0 219.4 100.5 65.6 19.2 15.8 98.9 65.6 18.0 15.3 101.4 66.0 19.7 15.6 103.9 66.2 20.8 16.9 106.8 70.1 19.4 17.3 108.9 70.0 21.8 17.2 108.9 69.2 22.0 17.6 652.5 647.4 657.4 666.6 681.5 691.8 700.2 836.0 827.5 8.5 902.2 892.7 9.5 Corporate profits tax accruals .... Federal Reserve banks Other 209.5 26.6 182.9 219.3 25.4 193.9 Indirect business tax and nontax accruals Excise taxes Customs duties Nontaxes 96.4 61.5 19.6 15.4 Current expenditures 612.1 1,705.0 888.5 879.0 9.8 978.0 1,003.6 1,030.9 968.2 993.7 1,020.8 9.8 10.1 1,750.2 1,732.2 1,743.1 1,797.7 1,776.0 1,813.9 1,836.0 Consumption expenditures 453.7 470.8 460.2 471.3 487.0 478.7 Transfer payments (net) To persons To the rest of the world (net) 731.0 720.2 746.1 734.5 10.8 11.6 742.8 732.9 10.0 745.0 735.9 9.1 757.7 738.8 18.9 763.2 754.9 8.3 Qrants-in-aid to State and local governments Net interest paid Interest paid To persons and business To the rest of the world Less: Interest received by government Subsidies less current surplus of government enterprises Subsidies Less: Current surplus of government enterprises Less: Wage accruals less disbursements Current surplus or deficit (-), national income and product accounts Social insurance funds Other 489.9 779.0 769.9 9.1 785.2 773.8 11.4 209.1 229.3 221.4 234.0 238.8 235.0 240.9 251.2 278.8 297.4 206.2 264.7 281.8 186.7 262.2 279.0 182.4 91.1 95.1 267.1 284.0 191.3 92.6 96.6 261.8 279.4 178.8 100.6 265.0 284.5 180.2 104.3 260.3 281.5 173.9 107.6 257.2 277.4 167.9 109.5 18.5 17.1 16.9 16.8 17.6 19.6 21.2 20.2 32.4 34.5 39.3 43.5 40.7 44.6 30.5 34.8 52.3 57.2 34.1 40.3 34.6 41.1 52.4 58.6 2.2 0 4.2 0 3.9 0 4.3 0 4.9 0 6.2 0 6.5 0 6.1 0 49.0 124.4 117.5 147.3 143.3 235.8 240.9 253.3 56.9 -7.9 90.7 33.7 86.1 31.4 94.8 52.5 103.3 40.0 106.6 129.3 104.1 136.9 111.6 141.7 52.6 117.1 108.7 135.6 131.6 224.4 227.0 240.6 49.0 124.4 147.3 143.3 235.8 240.9 253.3 88.4 92.8 93.4 95.0 97.2 98.9 100.8 -3.6 86.9 -3.2 97.8 -3.8 98.1 -5.9 99.0 -2.4 104.5 -7.0 101.3 -8.3 105.5 -7.7 104.3 -5.7 -.8 -1.1 Addenda: Net lending or net borrowing Current surplus or deficit (-), national income and product accounts Plus: Consumption of fixed capital Plus: Capital transfers received (net) Less: Gross investment Less: Net purchases of nonproduced assets 2000 1,754.0 1,874.6 1,849.6 1,890.3 1,941.0 2,011.9 2,054.8 2,089.4 Personal tax and nontax receipts Income taxes Nontaxes Contributions for social insurance 1999 1999 117.5 -.2 1.6 Current receipts 1,072.3 1,142.7 1,120.8 1,150.3 1,187.6 1,195.9 1,221.7 1,242.8 Personal tax and nontax receipts Income taxes Nontaxes Other 234.9 182.8 33.1 19.1 249.7 194.8 35.1 19.8 244.9 190.3 34.9 19.7 250.3 195.0 35.4 19.9 259.2 203.2 35.9 20.1 261.4 204.6 36.5 20.3 273.6 216.1 37.0 20.5 277.2 219.0 37.6 20.6 Corporate profits tax accruals .... 35.1 36.6 35.9 36.3 38.5 40.6 41.5 41.2 Indirect business tax and nontax accruals Sales taxes Property taxes Other 583.1 284.9 229.2 69.0 617.5 307.1 238.5 71.9 609.1 302.8 237.3 620.2 310.8 239.7 69.7 641.6 318.3 242.1 649.2 327.4 244.8 77.0 655.7 329.8 247.5 663.2 334.0 249.8 79.4 10.0 9.6 209.1 229.3 Contributions for social insurance Federal grants-in-aid Current expenditures 1,030.6 68.9 9.6 221.4 9.5 234.0 81.2 9.5 238.8 9.7 235.0 78.5 9.9 240.9 10.0 251.2 1,092.7 1,082.9 1,102.9 1,121.0 1,143.9 1,179.6 1,161.6 855.0 847.2 863.1 877.4 897.5 911.3 925.2 Consumption expenditures 808.4 Transfer payments to persons ... 234.1 252.0 249.7 254.5 258.5 261.6 -.6 73.9 -3.0 75.1 -2.7 75.0 -3.3 75.3 -3.6 75.7 -4.2 76.1 -4.6 76.4 -4.4 76.8 74.5 78.1 77.7 78.6 79.3 80.2 81.0 81.2 -10.9 .4 -11.0 .5 -11.0 .5 -11.0 .5 -10.9 .5 -10.6 .5 -10.4 .5 -10.5 .5 11.3 11.4 11.4 11.4 11.4 11.1 10.9 11.0 Net interest paid Interest paid Less: Interest received by government 265.6 269.6 Less: Dividends received by government Subsidies less current surplus of government enterprises Subsidies Less: Current surplus of government enterprises Less: Wage accruals less disbursements Current surplus or deficit (-), national income and product accounts Social insurance funds Other 0 41.7 50.0 38.0 47.4 66.6 52.0 .4 41.3 -.4 50.4 -.4 38.3 -.5 47.9 -.6 67.2 -.5 52.5 -.4 60.6 -.4 63.6 -22.4 -22.1 -29.3 -19.9 -9.9 -32.3 -14.4 -12.3 63.2 Addenda: Net lending or net borrowing Current surplus or deficit (-), national income and product accounts Plus: Consumption of fixed capital Plus: Capital transfers received (net) Less: Gross investment Less: Net purchases of nonproduced assets 41.7 50.0 38.0 47.4 66.6 52.0 60.1 63.2 99.5 106.8 105.8 107.7 109.9 112.7 115.6 118.2 36.0 191.9 40.0 210.9 40.4 205.4 42.1 209.0 41.6 219.8 44.2 232.9 44.5 226.4 44.1 229.3 7.7 8.1 8.0 8.1 8.2 8.3 8.4 8.4 D-10 • National Data January 2001 SURVEY OF CURRENT BUSINESS Table 3.7—Government Consumption Expenditures and Gross Investment by Type Table 3.8.—Real Government Consumption Expenditures and Gross Investment by Type [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1998 1999 2000 1998 Government consumption expenditures and gross investment1 1,540.9 1,634.4 1,610.9 1,642.4 1,688.8 1,710.4 1,742.2 1,748.8 Federal 540.6 568.6 558.3 570.4 591.6 580.1 604.5 594.2 National defense Consumption expenditures Durable goods2 Nondurable goods Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital4 Other services Gross investment Structures Equipment and software 349.2 299.7 21.3 7.0 271.5 365.0 311.2 22.4 8.1 280.7 355.3 302.2 22.6 7.6 271.9 367.5 312.2 24.0 10.0 278.2 380.8 324.7 22.3 8.6 293.8 366.6 311.2 22.4 10.8 277.9 381.9 325.7 22.2 10.5 292.9 375.0 319.6 21.9 10.1 287.7 131.1 133.2 132.9 133.4 132.8 137.0 137.2 138.9 62.3 78.1 49.5 5.4 44.0 63.1 84.4 53.8 5.3 48.5 62.9 76.2 53.1 5.4 47.8 63.2 81.6 55.4 5.3 50.1 63.8 97.2 56.1 5.2 50.8 64.5 76.4 55.4 4.7 50.6 65.0 90.8 56.2 4.5 51.7 65.6 83.1 55.4 4.6 50.8 Nondefense Consumption expenditures Durable goods2 Nondurable goods Commodity Credit Corporation inventory change ... Other nondurables Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital4 Other services Gross investment Structures Equipment and software 191.4 154.0 -.2 8.9 203.5 159.6 1.3 9.4 203.0 158.0 1.3 9.0 202.8 159.1 1.2 9.0 210.7 162.3 1.3 10.4 213.5 167.5 1.3 9.7 222.6 173.3 1.3 9.5 219.2 170.3 1.1 10.1 .6 8.3 145.3 1.1 8.2 148.9 .7 8.2 147.7 .7 8.2 149.0 2.0 8.4 150.7 1.1 8.7 156.5 1.0 8.5 162.5 1.5 8.6 159.1 82.3 87.2 86.7 86.5 87.8 92.9 97.0 93.5 21.2 41.8 37.4 11.1 26.3 24.2 37.5 44.0 11.0 33.0 23.7 37.2 45.0 10.5 34.5 24.6 38.0 43.7 10.6 33.1 25.5 37.4 48.5 11.6 36.8 26.6 36.9 46.0 10.9 35.1 27.7 37.7 49.3 10.6 38.7 1999 2000 1999 Government consumption expenditures and 1,486.4 1,536.1 1,519.9 1,537.8 1,569.5 1,565.1 1,583.7 1,578.2 gross investment1 Federal 526.9 540.1 532.1 541.0 558.1 537.1 558.8 545.8 National defense Consumption expenditures Durable goods2 Nondurable goods Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital4 Other services Gross investment Structures Equipment and software 341.7 290.7 21.5 8.0 261.3 348.5 293.8 22.7 8.9 262.5 340.3 286.4 22.9 8.7 255.1 350.4 294.1 24.4 10.6 259.7 360.9 304.0 22.5 8.7 273.0 341.5 285.7 22.6 10.2 253.4 355.1 298.4 22.3 10.0 266.4 346.2 290.5 21.9 9.0 259.9 124.3 121.0 120.9 121.2 120.2 119.7 119.8 120.7 62.4 74.7 51.0 5.1 45.9 62.7 78.9 55.0 4.8 50.3 62.6 71.7 54.3 4.9 49.5 62.8 76.0 56.6 4.8 52.0 62.9 90.1 57.2 4.7 52.7 63.2 70.6 56.3 4.2 52.4 63.4 83.4 57.0 4.0 53.4 63.7 75.7 56.0 4.0 52.3 185.2 147.2 0 9.3 191.5 147.5 1.5 10.0 191.6 146.6 1.6 9.4 190.5 146.8 1.4 9.5 197.1 148.9 1.5 11.4 195.4 150.0 1.6 10.7 203.6 155.4 1.6 10.2 199.4 151.9 1.3 11.6 .9 8.4 138.2 2.0 8.1 136.9 1.3 8.2 136.2 1.5 8.0 136.6 3.4 8.0 137.6 2.6 8.1 139.2 2.3 8.0 144.8 3.7 7.9 141.0 76.7 77.2 77.0 76.3 77.2 78.8 82.8 79.4 28.7 36.9 48.9 10.5 38.4 Nondefense Consumption expenditures Durable goods2 Nondurable goods Commodity Credit Corporation inventory change ... Other nondurables Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital4 Other services Gross investment Structures Equipment and software 21.5 40.0 38.2 10.5 27.8 24.4 35.5 44.7 10.1 35.0 24.0 35.4 45.7 9.7 36.6 24.8 35.9 44.4 9.7 35.1 25.6 35.1 49.1 10.5 39.1 26.5 34.2 46.0 9.8 36.7 27.3 34.8 49.0 9.5 40.2 28.2 33.8 48.3 9.3 39.7 State and local 1,000.3 1,065.8 1,052.6 1,072.1 1,097.3 1,130.4 1,137.7 1,154.6 Consumption expenditures 808.4 855.0 847.2 863.1 877.4 897.5 911.3 925.2 15.0 15.8 16.4 16.9 17.2 Durable goods2 15.9 16.0 16.6 83.6 89.3 97.4 105.1 107.6 111.1 91.3 94.2 Nondurable goods 742.1 Services 709.8 747.7 752.9 763.7 775.8 786.8 796.9 Compensation of general government employees, except own-account 596.4 624.1 620.0 627.9 635.4 643.5 650.2 657.4 investment3 Consumption of general government fixed 82.1 83.7 85.7 88.0 90.5 92.8 capital4 76.9 83.0 40.0 41.3 42.6 46.7 Other services 40.6 44.4 46.1 36.5 Gross investment 191.9 210.9 205.4 209.0 219.8 232.9 226.4 229.3 Structures 144.0 157.5 153.0 154.8 163.9 175.0 166.2 167.1 62.2 53.4 52.4 54.2 56.0 Equipment and software .... 57.9 60.1 48.0 State and local Consumption expenditures Durable goods2 Nondurable goods Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital4 Other services Gross investment Structures Equipment and software .... 959.2 772.6 15.1 88.3 669.2 995.6 794.6 ^6.1 f 3.4 685.8 987.5 791.2 16.0 92.7 683.1 996.4 1,011.2 1,027.4 1,024.6 1,031.9 797.6 803.7 809.8 815.1 820.8 16.5 17.0 16.2 16.8 17.3 95.3 97.7 94.0 96.5 98.9 688.1 692.5 697.3 701.2 705.5 559.6 567.5 566.3 568.6 570.2 573.1 575.0 577.5 75.8 33.7 186.7 135.5 51.6 80.6 37.7 201.2 143.2 58.9 80.0 36.9 196.4 139.6 57.7 81.3 38.2 199.0 140.2 60.0 82.6 39.8 207.9 146.9 62.1 84.1 40.3 218.2 155.2 64.0 85.6 40.9 209.8 145.5 66.3 87.1 41.2 211.3 145.2 68.4 -1.2 -4.4 -4.3 -5.2 -6.1 -6.1 -7.1 -8.0 769.1 202.6 566.6 774.9 199.9 575.1 773.6 199.8 573.8 775.4 199.3 576.2 777.0 199.0 578.0 780.7 200.1 580.6 786.7 204.3 582.3 786.8 201.8 585.0 Addenda: Compensation of general government employees3 .... Federal State and local Residual 818.9 215.1 603.8 854.7 222.2 632.5 850.0 221.7 628.2 858.2 222.0 636.3 866.4 222.4 644.0 883.6 231.7 651.9 894.4 235.9 658.5 900.2 234.3 666.0 1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods transferred to foreign countries by the Federal Government. 3. Compensation of government employees engaged in new own-account investment and related expenditures for goods and services are classified as investment in structures and in software. The compensation of all general government employees is shown in the addenda. 4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net return on these assets. Addenda: Compensation of general government employees3.... Federal State and local NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not 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. See footnotes to table 3.7. Chain-type quantity indexes for the series in this table are shown in table 7.11. Contributions to percent change in real government consumption expenditures and gross investment are shown in table 8.6. SURVEY OF CURRENT BUSINESS January 2001 National Data D-ll Table 3.10.—National Defense Consumption Expenditures and Gross Investment Table 3.11.—Real National Defense Consumption Expenditures and Gross Investment [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted at annual rates 1998 Seasonally adjusted at annual rates 2000 1999 1999 1998 375.0 341.7 348.5 340.3 350.4 360.9 341.5 355.1 346.2 319.6 Consumption expenditures ... 290.7 293.8 286.4 294.1 304.0 285.7 298.4 290.5 2.5 4.6 22.7 11.0 2.2 1.0 .7 2.9 4.9 22.9 11.4 2.1 1.1 .7 3.0 4.8 24.4 12.1 2.3 1.1 .7 3.2 5.0 22.5 10.6 2.1 .9 .7 3.0 5.2 22.6 10.8 1.9 1.5 .5 3.2 4.8 22.3 9.8 2.2 1.5 .6 3.4 5.0 21.9 10.3 2.2 1.5 .6 3.0 4.5 8.0 8.9 8.7 10.6 8.7 10.2 10.0 9.0 3.0 1.9 3.1 3.3 1.9 3.6 3.4 1.9 3.4 4.5 2.3 3.8 2.6 1.8 4.2 3.1 1.6 5.2 3.3 2.1 3.4 261.3 262.5 255.1 259.7 273.0 3.1 1.6 5.3 253.4 266.4 259.9 124.3 80.1 44.2 121.0 78.5 42.5 120.9 78.2 42.7 121.2 78.8 42.4 120.2 78.5 41.8 119.7 78.5 41.3 119.8 78.4 41.5 120.7 79.3 41.4 62.4 74.7 62.7 78.9 62.6 71.7 62.8 76.0 62.9 90.1 63.2 70.6 63.4 83.4 63.7 75.7 19.8 22.3 8.1 17.8 17.9 24.6 8.0 21.4 14.3 23.1 7.8 18.9 17.1 23.7 7.9 21.3 21.7 28.5 8.2 25.2 13.5 24.3 7.2 20.5 18.9 26.4 8.3 23.0 16.8 23.2 8.3 21.5 4.6 3.5 -1.5 4.8 3.7 -1.6 5.2 3.8 4.5 3.5 4.5 3.2 -2.7 4.4 3.1 -1.4 4.6 3.6 -2.4 -1.0 51.0 55.0 54.3 56.6 56.3 57.0 5.1 45.9 6.2 3.5 6.4 1.5 14.5 13.8 -.2 4.8 50.3 7.2 3.0 6.8 1.6 17.2 14.7 4.9 4.8 57.2 4.7 4.2 49.5 6.8 17.6 14.0 52.0 9.3 2.9 6.5 1.5 18.1 13.8 52.7 6.5 3.1 7.0 1.9 18.1 16.1 4.0 53.4 7.1 2.6 6.6 2.1 20.4 14.8 52.3 8.4 2.2 6.5 2.0 20.7 12.9 -1.3 -1.3 -.6 -1.4 -1.3 -1.2 124.7 121.5 121.5 121.7 120.7 120.4 120.5 121.4 349.2 365.0 355.3 367.5 380.8 366.6 381.9 Consumption expenditures ... 299.7 311.2 302.2 312.2 324.7 311.2 325.7 21.3 22.4 10.9 2.2 1.0 .8 2.6 4.9 22.6 11.2 2.1 1.0 .9 2.7 4.8 24.0 11.9 2.3 1.0 .8 2.9 5.0 22.4 10.7 1.9 1.5 .7 2.9 4.8 22.2 9.7 2.2 1.5 .8 3.0 5.0 21.9 10.3 2.2 1.5 .8 2.6 4.5 Durable goods 2 Aircraft Missiles Ships Vehicles Electronics Other durable goods 7.0 8.1 7.6 10.0 10.8 10.5 10.1 Nondurable goods 2.1 1.8 3.1 2.6 1.9 3.7 2.4 1.1 3.4 3.8 2.3 3.9 2.6 1.8 4.3 3.8 1.6 5.4 3.7 1.5 5.4 4.5 2.0 3.6 271.5 280.7 271.9 278.2 293.8 277.9 292.9 287.7 Nondurable goods Petroleum products Ammunition Other nondurable goods . Services Compensation of general government employees, except own-account investment3 Military Civilian Consumption of general government fixed capital 4 Other services Research and development Installation support Weapons support Personnel support Transportation of material Travel of persons Other Gross investment Structures Equipment and software ... Aircraft Missiles Ships Vehicles Electronics and software .. Other equipment Addendum: Compensation of general 3 government employees .. 10.2 2.3 .9 1.0 2.3 4.6 22.3 10.5 2.2 .9 .9 2.7 5.2 131.1 83.6 47.5 133.2 85.0 48.2 132.9 84.6 48.2 133.4 85.1 48.3 132.8 85.1 47.7 137.0 87.9 49.1 137.2 87.8 49.4 138.9 89.6 49.3 62.3 78.1 63.1 84.4 76.2 63.2 81.6 63.8 97.2 64.5 76.4 65.0 90.8 65.6 83.1 20.7 23.0 8.6 19.2 19.0 25.8 8.7 24.1 15.0 24.1 8.4 21.1 18.1 25.1 8.6 24.0 23.2 30.1 9.1 28.9 14.5 25.6 8.0 23.5 20.4 28.1 9.3 26.3 18.3 24.9 9.4 24.7 4.6 3.6 -1.7 4.8 3.8 -1.8 5.2 3.9 -1.5 4.6 3.8 -2.7 4.5 3.5 -2.0 4.5 3.4 -3.0 4.5 3.3 -1.2 4.5 3.3 -2.0 49.5 53.8 53.1 55.4 56.1 55.4 56.2 55.4 5.4 5.3 5.4 5.3 5.2 50.8 6.5 2.9 7.1 2.0 16.3 16.0 4.7 4.5 51.7 6.7 2.4 6.8 2.0 18.9 14.9 4.6 44.0 5.6 3.3 6.4 1.5 13.4 13.8 131.7 48.5 7.0 2.8 6.8 1.6 15.6 14.7 133.7 47.8 6.7 2.7 6.6 1.7 16.0 14.0 133.6 50.1 9.1 2.8 6.5 1.4 16.5 13.8 134.1 133.4 50.6 9.1 2.0 6.0 1.9 17.6 14.1 137.8 138.0 50.8 7.9 2.0 6.7 1.9 19.3 13.0 139.8 1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods transferred to foreign countries. 3. Compensation of government employees engaged in new own-account investment and related expenditures for goods and services are classified as investment in structures and in software. The compensation of all general government employees is shown in the addendum. 4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net return on these assets. 2000 National defense consumption expenditures and gross investment' .... National defense consumption expenditures and gross investment' .... Durable goods 2 Aircraft Missiles Ships Vehicles Electronics Other durable goods 1999 1999 Petroleum products Ammunition Other nondurable goods . Services Compensation of general government employees, except own-account investment3 Military Civilian Consumption of general government fixed 4 capital Other services Research and development Installation support Weapons support Personnel support Transportation of material Travel of persons Other Gross investment Structures Equipment and software .... Aircraft Missiles Ships Vehicles Electronics and software .. Other equipment Residual Addendum: Compensation of general 3 government employees .. 21.5 10.4 2.3 2.9 6.7 1.7 -1.8 52.4 9.4 2.1 5.9 1.9 19.2 14.0 4.3 3.1 -1.8 56.0 4.0 NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the line in the addendum. Chain-type indexes for the series in this table are shown in table 7.12. See footnotes to table 3.10. D-12 • National Data January 2001 SURVEY OF CURRENT BUSINESS 4. Foreign Transactions. Table 4.1.—Foreign Transactions in the National Income and Product Accounts Table 4.2.—Real Exports and Imports of Goods and Services and Receipts and Payments of Income [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1998 2000 1999 1999 2000 I Receipts from the rest of the world 1,251.4 1,296.1 1,268.9 1,314.0 1,362.2 1,402.8 1,468.3 1,503.6 Exports of goods and services ... Goods1 Durable Nondurable Services1 966.0 682.0 487.6 194.4 284.0 990.2 699.2 504.5 194.7 291.0 973.0 682.1 492.0 190.0 290.9 999.5 1,031.0 1,051.9 1,092.9 1,130.8 708.9 734.6 747.5 783.6 821.9 511.6 528.4 538.1 569.3 594.4 197.3 206.1 209.4 214.3 227.5 290.7 296.4 304.4 309.2 308.9 Income receipts 285.4 305.9 295.9 314.4 Payments to the rest of the world Imports of goods and services . Goods1 Durable Nondurable Services' Income payments Transfer payments (net) From persons (net) From government (net) From business Net foreign investment 331.2 350.9 375.4 372.8 1,251.4 1,296.1 1,268.9 1,314.0 1,362.2 1,402.8 1,468.3 1,503.6 1,117.5 1,244.2 1,213.4 1,280.0 1,330.1 1,387.1 1,448.3 1,520.3 930.5 1,048.6 1,020.4 1,081.7 1,127.3 1,176.1 1,233.9 1,294.7 636.1 715.4 699.9 732.5 758.7 783.8 818.8 850.3 294.3 333.2 320.5 349.3 368.6 392.3 415.1 444.4 187.0 195.6 193.0 198.3 202.8 211.0 214.4 225.6 288.9 316.9 305.6 328.0 344.6 358.6 383.7 381.7 44.1 24.0 10.8 9.3 48.1 26.6 11.6 9.9 46.3 26.7 10.0 9.7 45.7 26.6 9.1 10.0 57.0 27.6 18.9 10.5 47.8 28.5 8.3 11.0 48.9 28.3 9.1 11.4 51.7 29.5 11.4 10.8 -199.1 -313.2 -296.5 -339.8 -369.6 -390.7 -412.5 -450.1 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. Exports of goods and services Goods1 Durable Nondurable Services1 Income receipts 1,003.6 1,033.0 1,017.6 1,042.6 1,068.4 723.6 752.2 735.7 763.4 786.5 514.0 538.7 525.3 547.8 564.2 209.6 213.4 210.4 215.5 222.1 280.3 281.7 282.3 280.5 283.7 278.7 294.1 285.4 301.9 316.2 1,084.8 1,121.8 1,158.8 798.1 833.5 ' 874.2 575.3 608.1 633.8 222.7 225.4 240.3 288.5 291.0 288.9 332.0 353.2 348.7 Imports of goods and services 1,224.6 1,355.3 1,332.2 1,385.2 1,420.9 1,461.7 1,525.2 1,586.4 Goods1 1,032.0 1,161.1 1,139.9 1,190.5 1,222.5 1,255.3 1,313.9 1,364.0 Durable 700.4 802.6 785.0 824.3 854.4 880.5 920.8 958.8 Nondurable 331.8 358.8 355.0 366.5 369.1 376.2 394.5 407.2 1 Services 192.6 195.9 193.7 196.7 200.6 208.4 213.7 224.8 Income payments 279.3 301.5 291.8 312.0 325.0 335.8 357.9 354.8 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. NOTE.-Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Chain-type quantity indexes for the series in this table are shown in table 7.9. National Data SURVEY OF CURRENT BUSINESS January 2001 D-13 Table 4.3.—Exports and Imports of Goods and Services by Type of Product Table 4.4.—Real Exports and Imports of Goods and Services by Type of Product [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Exports of goods and services Exports of g o o d s ' 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 ] 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 g o o d s l 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 1998 1999 966.0 973.0 46.4 990.2 699.2 45.5 142.8 53.7 89.1 141.8 53.8 87.9 137.5 52.5 85.0 143.0 53.9 153.1 57.3 95.8 300.1 311.8 302.9 317.8 682.0 1999 682.1 45.1 Seasonally adjusted at annual rates 1998 2000 999.5 1,031.0 1,051.9 708.9 734.6 747.5 47.1 47.8 46.3 1,092.9 1,130.8 783.6 821.9 47.3 50.1 157.6 60.7 96.9 163.3 63.0 100.3 172.3 64.1 108.2 325.3 326.3 356.9 376.6 53.5 52.9 50.1 53.0 53.0 43.6 52.9 50.1 45.2 201.3 46.7 212.1 46.6 206.2 47.8 216.9 47.7 224.5 51.2 231.5 55.4 248.7 58.6 268.0 73.2 75.8 75.1 77.4 77.5 80.3 80.1 80.9 79.3 79.5 40.5 39.0 42.0 290.9 80.7 41.4 39.2 42.2 290.7 83.6 44.0 39.6 48.8 296.4 87.3 284.0 80.8 41.4 39.4 43.6 291.0 304.4 88.5 45.6 42.9 47.5 309.2 308.9 16.7 71.3 20.1 25.6 36.2 90.9 23.2 15.4 74.9 19.8 27.0 36.5 96.5 21.0 17.3 74.3 19.6 26.8 36.6 95.1 21.3 14.7 74.8 20.4 26.9 36.4 97.1 20.3 13.3 77.9 19.8 28.4 36.4 100.5 20.1 13.0 79.0 20.0 28.8 37.0 105.7 20.9 13.6 80.3 20.1 29.3 38.3 106.1 21.5 13.4 81.1 20.5 30.0 37.4 105.4 21.2 40.5 38.7 40.2 46.3 41.0 49.0 91.7 47.6 44.1 50.3 Imports of services' Direct defense expenditures ... Travel Passenger fares Other transportation Royalties and license fees Other private services Other Addenda: Exports of agricultural g o o d s 2 Exports of nonagricultural goods Imports of nonpetroleum goods 930.5 1,048.6 1,020.4 1,081.7 1,127.3 1,176.1 1,233.9 1,294.7 41.2 43.6 43.6 44.0 44.6 44.6 45.6 47.3 142.6 75.8 66.8 50.9 148.6 78.9 69.7 67.8 143.9 77.1 66.8 63.8 151.7 79.6 72.2 79.6 159.4 84.1 75.3 85.7 165.2 89.0 76.2 168.6 89.9 78.7 108.0 117.1 177.4 89.9 87.6 127.0 269.6 297.1 291.9 302.6 314.7 324.3 348.5 367.4 21.8 23.8 23.0 25.6 24.1 23.2 24.9 26.8 72.5 175.3 81.5 191.9 82.0 186.8 82.0 195.0 83.8 206.8 83.8 217.2 89.9 233.7 95.0 245.7 149.1 179.4 174.6 186.8 188.0 193.3 195.4 202.6 216.7 111.5 105.2 60.5 187.0 12.2 56.5 20.0 30.4 11.7 49.1 7.1 239.6 123.8 115.8 72.5 195.6 13.7 59.4 21.4 34.1 13.3 46.7 7.2 233.2 121.6 111.7 69.3 193.0 13.5 58.9 21.1 32.7 12.9 46.9 7.0 243.7 126.9 116.8 73.3 198.3 14.5 59.2 21.4 35.8 13.3 46.7 7.4 253.1 131.0 122.1 81.8 202.8 13.4 61.1 22.3 36.9 14.6 47.4 7.1 260.6 137.1 123.5 80.0 211.0 13.6 63.4 23.3 37.9 15.1 50.4 7.3 276.6 143.9 132.7 82.1 214.4 13.8 64.5 24.0 38.8 15.6 50.5 7.3 280.3 144.1 136.2 92.6 225.6 13.8 67.1 25.1 41.0 19.0 52.3 7.4 53.1 49.6 48.9 52.7 50.0 52.5 52.8 55.8 649.6 633.1 656.2 695.0 730.8 766.1 980.8 956.6 1,002.1 1,041.6 1,068.0 1,116.8 1,167.7 879.6 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. Exports of g o o d s ' 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 Residual 1,117.5 1,244.2 1,213.4 1,280.0 1,330.1 1,387.1 1,448.3 1,520.3 Consumer goods, except automotive Durable goods Nondurable goods Other Exports of goods and services Imports of goods and services Imports of g o o d s ' 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 Residual Addenda: Exports of agricultural g o o d s 2 Exports of nonagricultural goods Imports of nonpetroleum 1999 1999 2000 723.6 55.1 752.2 735.7 1,042.6 763.4 786.5 798.1 833.5 56.6 55.7 59.8 58.4 59.4 58.9 874.2 64.7 151.5 56.5 95.0 152.8 58.1 94.6 150.7 57.0 93.7 153.1 58.3 94.8 160.4 61.5 98.9 161.7 64.6 97.3 165.4 66.7 98.9 173.5 67.8 105.7 324.5 342.6 332.2 350.6 358.4 361.2 395.5 416.3 1,003.6 1,033.0 1,017.6 1,068.4 1,084.8 1,121.8 11,158.8 51.1 49.4 46.9 49.5 49.0 39.9 47.8 44.8 59.9 212.7 68.3 225.9 67.5 219.3 71.0 231.5 71.2 239.5 78.0 248.0 85.6 266.4 91.0 286.5 72.5 74.6 74.1 76.2 76.0 78.6 78.2 78.8 83.1 43.9 39.2 50.6 283.7 86.6 288.5 87.8 45.2 42.6 49.0 291.0 90,8 47.2 43.7 52.2 288.9 13.0 72.3 19.2 28.0 34.9 104.4 17.5 -7.5 13.7 72.0 19.0 28.0 36.0 104.5 18.4 -9.1 13.5 72.4 19.2 27.7 34.9 103.0 18.8 41.6 45.6 44.1 280.3 281.7 282.3 80.4 41.4 39.0 44.3 280.5 17.5 68.9 21.1 26.4 35.3 91.2 20.1 .1 15.3 70.5 19.2 27.7 35.0 96.6 17.8 -2.6 17.3 70.0 19.3 27.6 35.2 94.9 18.3 -2.5 14.7 70.0 19.7 27.1 34.9 97.1 17.5 -4.2 13.2 72.4 18.8 28.3 34.7 100.6 16.4 -4.2 1,332.2 1,385.2 1,420.9 1,461.7 1,525.2 1,586.4 1,139.9 1,190.5 1,222.5 1,255.3 1,313.9 1,364.0 47.3 48.8 51.1 78.7 80.4 79.2 40.2 41.3 40.5 38.4 39.1 38.7 1,224.6 1,355.3 1,032.0 1,161.1 42.2 46.1 45.9 47.1 47.4 46.0 40.5 50.7 -13.1 150.1 78.1 71.9 81.4 157.3 81.1 76.1 81.5 154.7 80.1 74.6 85.4 159.2 80.7 78.5 84.1 164.7 85.3 79.4 76.5 166.7 86.9 79.6 81.7 165.4 87.1 78.2 88.2 170.0 87.5 82.4 87.1 328.3 378.2 370.1 389.2 406.0 419.9 453.6 481.0 20.7 22.1 21.5 23.8 22.3 21.4 22.7 24.2 101.2 206.7 130.5 229.2 130.3 222.5 134.9 234.1 138.6 249.0 139.5 262.5 153.0 282.4 162.9 298.9 148.6 177.6 173.0 184.7 185.7 190.6 192.0 198.8 222.3 241.2 252.3 261.8 270.5 117.1 247.6 131.6 129.3 135.2 116.1 112.1 117.3 292.4 155.0 137.4 60.9 73.1 70.0 73.9 139.6 122.3 82.2 146.8 105.3 80.2 288.2 154.6 133.8 82.2 192.6 195.9 193.7 196.7 200.6 208.4 213.7 13.7 14.9 60.6 19.4 31.8 12.7 15.2 53.1 15.6 68.5 20.8 33.6 14.6 53.5 7.1 7.1 54.9 7.2 -7.4 -11.5 -15.8 59.1 18.6 31.6 11.4 50.9 7.2 -2.0 49.3 7.0 -5.4 15.0 15.8 60.4 60.6 19.1 19.2 12.4 12.7 48.8 49.5 6.9 7.2 14.4 62.0 20.2 32.1 13.9 51.0 6.9 -6.2 -5.8 -7.9 31.1 31.7 124.0 65.5 20.5 32.9 14.3 92.2 224.8 16.0 72.8 21.3 34.8 17.7 62.6 63.1 62.5 67.7 64.1 67.8 67.5 73.7 660.7 688.5 672.8 695.7 721.4 729.8 764.9 799.9 1,143.8 1,170.2 1,221.1 1,274.5 949.9 1,076.7 1,051.7 1,103.1 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line following the detail for exports is the difference between the aggregate "exports of goods and services" and the sum of the detailed lines for exports of goods and exports of services. The residual line following the detail for imports is the difference between the aggregate "imports of goods and services" and the sum of the detailed lines for imports of goods and imports of services. Chain-type quantity indexes for the series in this table are shown in table 7.10. Contributions to the percent change in real exports and in real imports of goods and services are shown in table 8.5. See footnotes to table 4.3. D-14 • National Data January 2001 SURVEY OF CURRENT BUSINESS 5. Saving and Investment. Table 5.1.—Gross Saving and Investment [Billions of dollars] Seasonally adjusted at annual rates 1998 1999 1999 2000 IV Gross saving I 1,654.4 1,717.6 1,691.7 1,716.8 1,746.3 1,777.0 1,844.5 1,854.7 1,375.7 1,343.5 1,338.5 1,321.1 1,331.4 1,279.2 1,328.8 1,319.2 265.4 147.6 163.6 121.1 101.0 11.0 20.6 -13.8 218.9 229.4 218.7 214.0 241.7 262.7 278.5 279.6 162.1 196.4 186.5 190.9 219.3 247.1 257.4 254.4 -8.9 -19.7 -19.2 -25.0 -13.6 -9.1 -4.5 17.0 41.2 42.1 29.7 39.9 40.6 34.7 42.7 41.6 624.3 676.9 670.7 687.7 694.8 711.5 731.1 750.0 265.1 284.5 280.3 293.1 288.7 294.1 298.7 303.3 5.2 5.2 0 2.1 5.2 5.2 0 0 Gross private saving Personal saving Undistributed corporate profits with inventory valuation and capital consumption adjustments Undistributed profits Inventory valuation adjustment Capital consumption adjustment Corporate consumption of fixed capital Noncorporate consumption of fixed capital Wage accruals less disbursements 278.7 137.4 88.4 49.0 141.2 99.5 41.7 Gross government saving Federal Consumption of fixed capital Current surplus or deficit (-), national income and product accounts State and local Consumption of fixed capital Current surplus or deficit (-), national income and product accounts Gross investment 374.0 217.3 92.8 124.4 156.8 106.8 50.0 353.3 209.5 92.0 117.5 143.7 105.8 38.0 395.7 240.6 93.4 147.3 155.1 107.7 47.4 414.9 238.4 95.0 143.3 176.6 109.9 66.6 497.7 333.0 97.2 235.8 164.7 112.7 52.0 515.7 339.9 98.9 240.9 175.8 115.6 60.1 535.5 354.1 100.8 253.3 181.4 118.2 63.2 1,629.6 1,645.6 1,614.9 1,627.3 1,678.5 1,699.3 1,771.9 1,752.8 Gross private domestic investment Gross government investment Net foreign investment 1,549.9 1,650.1 1,607.9 1,659.1 1,723.7 1,755.7 1,852.6 1,869.3 278.8 308.7 303.5 308.0 324.4 334.2 331.9 333.6 -199.1 -313.2 -296.5 -339.8 -369.6 -390.7 -412.5 -450.1 Statistical discrepancy -24.8 -71.9 -76.8 -89.5 -67.8 -77.7 18.8 18.5 18.4 18.4 18.3 18.2 Addendum: Gross saving as a percentage of gross national product -72.5 -101.8 18.6 18.5 Table 5.4.—Private Fixed Investment by Type Table 5.5.—Real Private Fixed Investment by Type [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted at annual rates 1998 1999 Seasonally adjusted at annual rates 2000 1999 2000 1999 IV Private fixed investment Nonresidential 1,472.9 1,606.8 1,593.4 1,622.4 1,651.0 1,725.8 1,780.5 1,803.0 1,107.5 1,203.1 1,188.0 1,216.8 1,242.2 1,308.5 1,359.2 1,390.6 Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures 283.2 285.6 283.7 281.2 290.4 308.9 315.1 330.1 202.3 44.5 208.5 45.0 207.7 44.5 204.7 45.1 208.7 45.8 224.5 47.1 229.3 45.4 235.0 48.5 29.3 7.1 24.3 7.8 23.2 8.4 23.8 7.6 27.8 8.1 29.8 7.5 33.2 7.1 37.6 9.0 Equipment and software Information processing equipment and software Computers and peripheral equipment1 Software2 Other Industrial equipment Transportation equipment Other 824.3 917.4 904.3 935.6 951.8 999.6 1,044.1 1,060.5 367.4 433.0 423.6 445.5 461.4 495.3 527.5 548.6 84.9 144.1 138.4 148.9 168.2 139.8 94.3 180.1 158.6 150.7 193.5 140.2 92.8 173.3 157.5 148.3 191.6 140.8 97.6 184.7 163.2 151.8 200.3 137.9 196.8 165.7 156.3 196.5 137.6 104.3 210.5 180.6 162.7 198.7 142.9 113.6 224.5 189.3 168.0 201.6 147.1 120.3 238.4 189.9 171.8 193.8 146.4 365.4 403.8 405.4 405.6 408.8 417.3 421.3 412.4 357.1 185.8 24.6 146.8 394.9 207.2 27.3 160.4 396.5 207.2 27.1 162.3 396.6 206.1 27.5 163.1 399.6 211.5 27.3 160.9 407.8 222.8 28.7 156.3 411.7 220.6 28.6 162.5 402.8 211.9 26.5 164.4 8.3 8.9 8.8 9.0 9.2 9.5 9.6 9.6 Residential Structures Single family Multifamily Other structures Equipment 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. Private fixed investment Nonresidential 1,485.3 1,621.4 1,607.1 1,637.8 1,666.6 1,730.9 1,777.6 1,791.3 1,140.3 1,255.3 1,237.5 1,272.5 1,301.8 1,365.3 1,412.5 1,438.8 Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures 263.0 259.2 258.7 254.6 260.6 274.0 277.0 286.6 189.1 43.0 187.4 43.5 187.7 43.2 183.2 43.6 185.1 44.0 196.5 44.9 199.5 42.8 202.7 45.6 24.4 6.7 21.5 7.3 20.6 7.9 21.3 7.1 24.6 7.5 26.1 6.9 28.4 6.5 30.5 8.1 Equipment and software Information processing equipment and software Computers and peripheral equipment' Software2 Other Industrial equipment Transportation equipment Other 879.0 1,003.1 985.0 1,026.6 1,050.1 1,100.4 1,146.6 1,162.4 431.6 542.2 526.9 561.1 587.9 629.4 669.1 695.6 149.3 151.0 140.7 146.9 168.0 136.7 217.3 188.0 163.1 147.8 191.8 135.6 208.5 181.1 161.3 145.7 189.0 136.2 230.9 192.5 168.1 148.9 199.1 133.3 243.8 205.3 171.6 152.8 195.9 132.8 264.1 215.0 187.3 158.9 197.3 138.0 297.3 224.5 196.6 164.0 199.2 141.4 324.3 234.3 197.5 167.4 190.6 140.3 346.1 368.3 370.9 368.0 368.5 371.4 372.6 362.3 337.7 175.9 21.7 140.2 359.2 187.6 23.2 148.5 361.9 188.5 23.1 150.4 358.8 185.6 23.3 150.1 359.2 188.8 23.0 147.5 361.8 195.8 23.8 142.0 362.9 193.5 23.6 145.7 352.6 184.9 21.8 146.0 9.7 9.8 Residential Structures Single family Multifamily Other structures Equipment Residual 8.3 9.1 9.0 9.2 9.3 9.7 -16.6 -50.3 -45.1 -58.4 -65.4 -75.4 -95.1 -112.5 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Chain-type quantity indexes for the series in this table are shown in table 7.6. Contributions to the percent change in real private fixed investment are shown in table 8.4. D-15 National Data SURVEY OF CURRENT BUSINESS January 2001 Table 5.10.—Change in Private Inventories by Industry Group Table 5.11.—Real Change in Private Inventories by Industry Group [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1998 1999 Change in private inventories Farm Nonfarm Change in book valuel Inventory valuation adjustment2 Manufacturing Durable goods Nondurable goods Wholesale trade Durable goods Nondurable goods Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods Retail trade Durable goods Motor vehicle dealers3 Other3 Nondurable goods Other Durable goods Nondurable goods 1998 1999 2000 77.0 43.3 14.5 36.7 72.7 29.9 72.0 66.4 -.2 .6 1.2 -5.3 -.1 -1.1 .9 -2.5 76.4 43.5 13.4 42.0 71.8 32.4 72.2 67.5 54.2 59.1 33.0 73.3 95.5 65.1 99.2 78.0 22.2 -15.6 -19.6 -31.3 -23.7 -32.7 -27.1 -10.6 24.7 3.4 -9.0 7.4 9.9 16.9 22.0 18.9 -.1 -7.7 3.1 3.2 6.3 10.8 14.9 4.1 -1.3 .2 6.1 7.2 5.8 3.6 21.6 16.7 14.4 21.9 17.9 21.0 32.1 21.9 15.7 12.5 13.1 11.9 14.6 16.7 23.0 10.3 5.9 3.3 4.3 9.1 11.6 4.2 1.3 10.0 19.2 15.3 10.3 19.6 19.9 15.7 28.4 15.4 13.7 11.2 4.9 8.3 10.6 16.7 11.9 20.6 4.1 2.0 9.1 3.2 5.5 3.8 7.8 10.6 1.4 2.4 4.2 2.3 -1.9 6.5 5.2 3.7 1.3 2.0 4.9 5.4 4.8 2.4 1.3 -2.1 .1 .4 -.7 .2 1.0 .5 1.1 1.3 14.7 21.0 4.1 15.8 42.4 -4.5. 22.1 20.5 8.1 14.2 1.0 12.9 27.7 -3.6 16.1 13.9 9.6 14.6 -6.4 9.7 10.4 2.2 7.5 -4.5 3.5 3.3 13.1 2.8 6.3 5.5 6.0 6.7 2.9 14.7 6.6 6.0 3.1 6.6 6.8 15.3 5.6 4.1 .9 3.1 3.8 1.1 3.0 .7 -1.5 2.0 .2 -.3 -1.6 12.3 5.0 2.1 2.9 1.2 2.6 5.3 Change in private inventories Farm : Nonfarm Manufacturing Durable goods Nondurable goods Wholesale trade Durable goods Nondurable goods Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers .... Durable goods Nondurable goods Retail trade Durable goods Motor vehicle dealers1 Other1 Nondurable goods Other Durable goods Nondurable goods Residual 80.2 1.2 78.7 25.6 19.5 6.1 22.6 16.2 6.4 20.0 14.1 5.9 2.5 2.1 .5 45.3 14.8 8.2 2.2 6.0 6.6 16.0 3.0 12.9 .1 20.8 14.2 7.6 6.7 6.7 6.1 .6 5.4 44.9 .1 -.1 .2 17.4 13.0 4.4 16.0 11.7 4.4 1.4 1.4 .1 2000 1999 13.1 -1.1 14.1 -9.5 -8.1 -1.4 15.1 13.8 1.4 10.8 8.7 2.1 4.3 5.1 -.7 4.1 1.0 -4.6 5.5 3.0 4.2 -1.4 5.7 .3 III IV 39.1 -5.0 43.5 3.5 3.3 .2 23.0 12.5 10.5 20.6 11.1 9.5 2.4 1.4 1.0 15.7 13.0 9.7 3.3 2.9 1.1 -.3 1.4 .6 7.9 73.0 7.6 3.3 4.2 18.5 15.2 3.4 20.6 17.4 3.3 -2.0 -2.2 .2 41.7 27.7 14.7 13.0 14.2 4.2 1.9 2.2 36.6 3.6 33.0 10.3 6.5 3.8 21.5 17.3 4.4 16.2 12.3 3.9 5.2 5.0 .4 -4.4 -3.6 -6.4 2.7 78.6 6.2 72.3 17.6 11.3 6.4 32.5 23.8 8.9 28.9 21.3 7.7 3.6 2.5 1.2 21.5 16.0 9.7 6.3 5.7 -1.5 2.5 -.7 72.5 5.0 67.4 22.6 15.4 7.2 22.3 10.6 11.4 15.8 5.0 10.6 6.3 5.7 .9 20.0 13.9 10.5 3.4 6.2 2.8 .2 2.6 -.2 1. Inventories of auto and home supply stores are included in "other durable goods." 1. This series is derived from the Census Bureau series "current cost inventories." 2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business incomes. The IVA in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) underlying inventories derived primarily from Census Bureau statistics (see footnote 1). This mix differs from that underlying business income derived primarily from Internal Revenue Service statistics. 3. Inventories of auto and home supply stores are included in "other durable goods." NOTE.—Chained (1996) dollar series for real change in private inventories are calculated as the period-to-period change in chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the 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-16 • National Data January 2001 SURVEY OF CURRENT BUSINESS Table 5.12.—Private Inventories and Domestic Final Sales of Business by Industry Group Table 5.13.—Real Private Inventories and Real Domestic Final Sales of Business by Industry Group [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted quarterly totals Seasonally adjusted quarterly totals 2000 1999 2000 1999 I IV Private inventories 1 Farm Nonfarm Durable goods Nondurable goods Manufacturing Durable goods Nondurable goods Wholesale trade Durable goods Nondurable goods Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods Retail trade Durable goods Motor vehicle dealers2 Other 2 Nondurable goods Other Durable goods Nondurable goods Final sales of domestic business3 Final sales of goods and structures of domestic business3 Ratio 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 1,362.5 1,387.9 1,416.3 1,446.5 1,472.4 1,492.8 96.4 100.3 108.3 108.0 105.3 98.0 1,264.5 1,291-4 1,316.0 1,338.3 1,364.3 1,387.5 704.2 714.9 729.7 737.0 749.6 758.7 560.3 576.6 586.3 601.3 614.7 628.9 445.3 452.6 458.6 466.1 472.6 480.7 277.6 280.7 283.3 286.2 288.4 292.4 167.7 171.9 175.3 179.9 184.2 188.4 347.1 356.4 363.4 373.2 381.3 387.8 222.3 225.7 230.4 235.3 241.4 243.4 124.9 130.7 133.0 137.9 140.0 144.5 300.8 308.5 315.4 322.7 329.6 334.0 193.5 196.6 201.7 205.4 210.8 211.5 107.3 111.9 113.7 117.4 118.8 122.4 50.4 48.0 51.7 53.9 46.4 47.9 29.9 28.7 30.6 31.9 28.7 29.1 20.5 19.3 21.1 22.0 17.6 18.8 356.5 363.5 374.6 375.5 382.2 387.4 193.7 198.0 205.1 204.0 208.8 211.9 97.7 101.4 104.9 103.2 106.3 109.0 96.0 96.6 100.1 100.9 102.5 102.9 162.8 165.5 169.5 171.5 173.3 175.5 115.6 118.9 119.5 123.5 128.2 131.5 11.5 11.0 11.0 11.0 10.7 10.5 104.9 108.4 108.4 112.0 117.2 120.5 687.3 698.2 705.0 646.5 655.9 357.1 361.6 369.7 382.3 386.9 391.0 2.11 1.96 2.12 1.97 2.11 1.96 2.10 1.95 2.11 1.95 2.12 1.97 3.54 3.57 3.56 3.50 3.53 3.55 1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in the private inventories component of GDP. The former is the difference between two inventory stocks, each valued at its respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at quarterly rates, whereas, the change in private inventories is stated at annual rates. 2. Inventories of auto and home supply stores are included in "other durable goods." 3. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of households and institutions and of general government, and it includes a small amount of final sales by farm and by government enterprises. Private inventories1 Farm Nonfarm Durable goods Nondurable goods Manufacturing Durable goods Nondurable goods Wholesale trade Durable goods Nondurable goods Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods Retail trade Durable goods Motor vehicle dealers 2 Other 2 Nondurable goods Other Durable goods Nondurable goods Residual Final sales of domestic business3 Final sales of goods and structures of domestic business3 Ratio 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 1,411.1 1,420.8 1,441.1 1,450.2 1,469.9 1,488.0 107.4 106.2 108.2 109.1 110.6 111.9 1,303.2 1,314.1 1,332.4 1,340.6 1,358.7 1,375.6 729.8 736.9 749.2 754.5 766.8 776.9 573.4 577.1 583.2 586.2 592.1 598.9 468.2 469.0 470.9 473.5 477.9 483.5 292.4 293.2 294.0 295.7 298.5 302.3 175.7 175.8 176.8 177.8 179.4 181.2 362.7 368.5 373.1 378.5 386.6 392.1 232.1 235.2 239.0 243.3 249.3 251.9 130.6 133.2 134.1 135.2 137.4 140.2 314.5 319.6 324.8 328.8 336.0 340.0 201.9 204.7 209.0 212.1 217.4 218.7 112.5 114.9 115.7 116.7 118.6 121.3 49.6 48.2 52.1 48.8 50.5 48.3 31.2 30.2 30.5 31.8 33.3 30.0 18.5 18.1 18.3 18.7 19.0 18.3 366.9 353.6 357.5 368.0 372.2 377.2 194.9 198.2 205.1 204.2 208.2 211.7 99.5 101.9 105.6 104.0 106.4 109.0 95.4 96.2 99.5 100.2 101.8 102.6 158.7 159.4 163.0 162.8 164.2 165.7 118.9 119.1 120.2 121.7 121.9 122.6 11.0 10.7 10.7 10.3 10.2 10.7 108.5 108.8 109.4 110.6 111.2 111.8 .7 .5 .5 620.7 628.4 639.6 651.3 657.7 661.9 352,8 357.3 364.8 375.1 377.3 380.8 2.27 2.10 2.26 2.09 2.25 2.08 2.23 2.06 2.23 2.07 2.25 2.08 3.69 3.68 3.65 3.57 3.60 3.61 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. Inventories of auto and home supply stores are included in "other durable goods." 3. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of households and institutions and of general government, and it includes a small amount of final sales by farm and by government enterprises. NOTE.—Chained (1996) dollar inventory series are calculated to ensure that the chained (1996) dollar change in inventories for 1996 equals the current-dollar change in inventories for 1996 and that the average of the 1995 and 1996 end-of-year chain-weighted and fixed-weighted inventories are equal. Chained (1996) dollar final sales are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines for inventories. National Data • SURVEY OF CURRENT BUSINESS January 2001 D-17 6. Income and Employment by Industry. Table 6.16C—Corporate Profits by Industry Group Table 6.1 C—National Income Without Capital Consumption Adjustment by Industry Group [Billions of dollars] [Billions of dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1998 National income without capital consumption adjustment Domestic industries Private industries 1999 1999 7,009.3 7,439.2 7,361.3 7,466.3 7,649.4 7,805.1 7,961.2 8,071.6 7,012.8 7,450.2 7,371.0 7,479.9 7,662.8 7,812.7 7,969.4 8,080.5 6,497.0 6,422.9 6,522.8 6,696.9 6,828.8 6,974.1 7,078.4 Manufacturing Durable goods Nondurable goods Transportation and public utilities Transportation Communications Electric, gas, and sanitary services Wholesale trade Retail trade Finance, insurance, and real estate Services 102.5 54.5 346.4 109.2 51.3 381.8 111.8 50.6 379.0 100.3 51.2 384.1 118.6 52.3 393.1 106.9 53.8 110.9 57.6 410.8 418.5 124.5 59.5 423.8 1,153.7 1,193.3 1,188.8 1,200.1 1,202.5 1,237.0 1,257.2 1,258.9 672.7 704.6 702.0 716.1 726.0 708.8 735.6 736.9 481.0 488.7 486.8 486.5 510.9 491.3 521.6 522.0 497.8 225.1 142.6 534.6 236.9 161.9 518.8 233.4 156.3 540.5 239.1 163.7 562.3 244.4 174.2 578.3 248.3 183.2 596.5 257.7 188.6 612.7 261.3 194.4 130.2 135.9 129.1 137.7 143.7 146.7 150.3 157.0 416.3 594.1 441.8 635.2 438.3 633.6 443.0 632.8 457.1 651.5 465.0 674.5 480.6 682.6 486.5 1,285.2 1,366.9 1,338.9 1,371.5 1,418.5 1,439.8 1,459.8 1,482.8 1,648.0 1,782.9 1,763.2 1,799.4 1,841.0 1,862.7 1,910.4 1,938.7 Government 914.3 953.2 948.1 957.1 965.9 984.0 995.3 1,002.1 Rest of the world -3.5 -11.0 -9.7 -13.6 -13.4 -7.7 -8.3 -8.9 NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). Domestic industries Financial Nonfinancial Rest of the world Agriculture, forestry, and fishing Mining Construction 1999 815.0 856.0 836.8 842.0 893.2 936.3 963.6 970.3 711.5 744.6 730.8 730.1 772.7 807.4 829.3 828.1 151.1 560.4 156.1 144.7 588.5 586.0 2000 1999 2000 Corporate profits with inventory valuation and capital consumption adjustments 6,098.5 1998 Receipts from the rest of the world Less: Payments to the rest of the world Corporate profits with inventory valuation adjustment 150.9 170.6 579.1 602.0 174.6 632.8 169.1 175.2 660.1 653.0 120.5 128.9 103.5 111.4 106.0 111.9 147.7 169.3 44.2 57.9 775.1 164.4 176.4 58.5 64.5 813.9 795.6 799.3 134.3 142.1 181.7 194.8 206.8 61.2 66.0 72.5 202.9 60.8 895.7 940.5 851.5 928.6 794.5 798.4 188.1 195.5 29.6 29.7 30.5 162.3 158.3 165.0 574.9 606.5 602.9 193.7 201.8 192.1 94.7 97.2 92.4 4.8 5.1 3.6 18.5 18.0 16.9 Domestic industries Financial Federal Reserve banks Other Nonfinancial Manufacturing Durable goods Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other Nondurable goods Food and kindred products Chemicals and allied products Petroleum and coal products .... Other Transportation and public utilities Transportation Communications Electric, gas, and sanitary services Wholesale trade Retail trade Other 671.6 702.5 689.6 164.8 172.0 160.5 24.7 25.8 24.9 140.1 146.2 135.5 506.8 530.4 529.2 177.4 181.6 184.8 85.4 92.2 94.0 6.5 2.9 2.6 17.2 18.3 18.5 Rest of the world 103.5 111.4 106.0 111.9 120.5 128.9 134.3 17.6 22.8 23.0 687.4 167.2 25.6 141.5 520.2 179.8 90.0 2.0 766.8 187.3 191.9 731.0 28.1 159.1 543.8 173.0 92.6 2.2 18.0 16.7 22.9 24.5 20.8 21.2 24.2 16.4 13.0 10.6 10.6 14.3 16.1 12.3 13.3 6.1 4.4 8.0 5.7 6.2 6.9 5.5 4.6 30.3 30.1 29.1 31.0 29.2 28.3 29.4 28.3 92.0 90.8 80.4 99.0 104.6 89.4 89.9 99.7 22.7 25.5 14.1 21.0 21.9 25.3 21.5 20.3 30.4 31.4 25.3 32.7 29.9 26.9 35.2 37.9 7.4 3.3 7.1 10.4 5.4 7.2 15.2 15.4 31.4 30.7 34.0 34.8 32.2 30.5 27.8 30.9 83.9 79.7 88.4 88.6 101.4 101.9 103.9 103.1 23.0 22.8 23.0 22.6 24.9 22.6 28.2 24.5 23.4 23.8 26.9 26.7 32.6 35.2 31.9 31.2 37.6 33.1 38.4 39.3 43.8 44.1 43.8 47.5 56.4 58.0 56.7 54.3 59.2 61.2 69.7 71.1 76.6 84.8 81.5 75.4 81.9 90.2 92.4 91.8 112.6 122.3 121.9 122.1 128.3 127.9 138.7 144.9 NOTE—Estimates in this table are based on the 1987 Standard Industrial Classification. 142.1 D-18 • National Data January 2001 SURVEY OF CURRENT BUSINESS 7. Quantity and Price Indexes. Table 7.1.—Quantity and Price Indexes for Gross Domestic Product [Index numbers, 1996=100] Seasonally adjusted 1998 Gross domestic product: Current dollars Chain-type quantity index Chain-type price index ... Implicit price deflator Personal consumption expenditures: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 1999 1999 Seasonally adjusted 2000 112.50 108.99 103.23 103.22 119.02 117.64 119.55 122.35 113.60 112.42 113.98 116.27 104.77 104.63 104.90 105.31 104.77 104.65 104.89 105.24 111.71 108.42 103.03 103.03 119.69 118.63 114.15 113.42 104.85 104.60 104.85 104.59 1998 124.82 117.65 106.17 106.10 127.29 119.27 106.80 106.73 128.49 119.92 107.22 107.15 Exports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 1999 2000 1999 110.50 113.27 111.30 114.34 117.94 120.34 125.02 129.36 114.80 118.17 116.41 119.27 122.22 124.10 128.33 132.56 96.98 95.62 97.60 95.86 95.88 96.51 97.43 96.26 96.97 95.61 97.59 95.86 95.87 96.50 97.42 96.26 120.67 114.82 105.10 105.09 123.08 116.49 105.67 105.66 126.43 118.63 106.58 106.57 128.04 119.54 107.13 107.12 130.04 120.86 107.61 107.60 Exports of goods: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator 110.28 113.07 110.30 117.01 121.63 118.97 92.96 92.72 94.25 92.96 92.71 94.25 122.68 124.46 131.47 134.01 93.30 92.86 93.31 92.87 127.75 138.17 92.44 92.46 134.03 145.70 91.98 91.99 132.09 143.83 91.83 91.84 133.78 146.50 91.30 91.32 Exports of services: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator 111.04 109.58 101.34 101.34 115.96 112.13 103.43 103.42 121.36 115.50 105.09 105.07 114.63 123.45 92.87 92.86 118.78 120.88 126.72 127.18 129.06 134.79 93.68 94.02 93.41 93.67 94.01 93.40 132.90 141.37 94.02 94.01 Durable goods: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator 112.56 123.49 117.97 132.65 93.09 95.42 93.09 95.41 Nondurable goods: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator 108.48 107.04 101.35 101.35 117.24 113.05 103.71 103.71 124.77 117.20 106.48 106.46 126.91 118.24 107.35 107.33 129.06 119.60 107.93 107.91 Imports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Services: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator 113.21 107.30 105.50 105.50 120.18 119.18 121.19 123.02 125.75 111.29 110.71 111.95 113.00 114.45 107.99 107.66 108.26 108.88 109.88 107.99 107.65 108.26 108.87 109.88 127.81 115.75 110.43 110.43 129.79 116.82 111.12 111.11 Imports of goods: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator 115.11 127.67 90.16 90.16 Imports of services: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator 120.81 126.39 124.69 128.11 131.05 136.32 138.50 145.78 124.42 126.54 125.13 127.05 129.59 134.66 138.07 145.20 97.09 99.89 99.66 100.85 101.14 101.25 100.33 100.41 97.09 99.89 99.64 100.84 101.12 101.24 100.31 100.40 Gross private domestic investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Fixed investment: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator Nonresidential: Current dollars Chain-type quantity index Chain-type price index ... Implicit price deflator Structures: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Equipment and software: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Residential: Current dollars Chain-type quantity index Chain-type price index ... Implicit price deflator 118.17 113.47 104.15 104.14 133.51 135.25 98.76 98.71 138.71 140.95 98.76 98.41 141.28 142.72 99.32 98.99 149.08 150.43 149.92 150.57 99.76 100.22 99.44 99.90 121.46 132.50 131.39 133.78 122.48 133.70 132.53 135.05 99.14 99.06 99.17 99.10 99.14 99.06 99.17 99.10 136.14 137.43 99.07 99.07 142.31 142.73 99.71 99.70 146.83 146.59 100.17 100.16 148.67 147.71 100.66 100.65 123.13 133.76 132.08 135.28 138.11 145.48 151.12 126.78 139.56 137.59 141.47 144.73 151.79 157.04 95.42 96.23 95.62 95.84 97.13 95.84 95.99 95.42 96.23 95.84 95.62 95.84 97.13 96.00 154.61 159.97 96.64 96.65 124.72 132.79 126.08 134.36 98.84 98.83 98.92 129.39 130.61 98.90 99.06 Federal: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator 116.03 129.19 125.99 132.90 138.11 127.15 140.72 138.32 143.82 147.53 91.26 91.80 91.13 92.47 93.68 91.25 91.80 91.08 92.41 93.61 129.72 143.64 90.31 90.31 144.02 151.76 94.97 94.90 120.91 120.79 113.78 112.98 106.27 106.92 106.27 106.92 150.37 158.36 95.03 94.95 157.85 164.72 95.91 95.83 126.23 133.82 139.46 145.49 152.64 160.17 141.02 147.28 151.23 155.29 162.54 168.74 93.77 90.93 93.99 95.00 89.57 92.30 90.86 93.91 94.92 89.51 92.22 108.37 104.53 103.67 103.67 114.94 108.03 106.41 106.40 113.29 106.89 106.00 105.99 115.51 108.14 106.82 106.81 118.77 110.38 107.62 107.61 120.29 110.07 109.30 109.28 122.52 122.98 111.37 110.99 110.02 110.82 110.01 110.81 101.69 99.12 102.60 102.60 106.96 101.61 105.27 105.27 105.02 100.09 104.95 104.93 107.30 101.77 105.45 105.43 111.28 104.98 106.02 106.00 109.12 101.04 108.01 108.00 113.71 105.13 108.18 108.17 111.78 102.67 108.88 108.87 105.04 96.97 108.34 108.33 126.11 125.00 129.07 137.30 140.06 146.70 116.88 115.22 115.01 107.71 110.19 109.65 107.71 110.19 109.65 113.18 110.44 110.44 115.83 121.80 111.42 112.72 111.43 112.73 123.12 113.75 113.75 127.40 115.15 115.15 National defense: Current dollars Chain-type quantity index Chain-type price index ... Implicit price deflator 97.80 102.25 99.52 102.95 106.67 102.68 106.97 95.65 99.46 95.70 97.62 95.33 98.14 101.09 102.20 104.75 104.42 104.92 105.54 107.35 107.57 102.20 104.75 104.39 104.90 105.51 107.34 107.55 122.22 136.03 134.07 138.71 141.12 148.21 154.81 157.25 130.33 148.74 146.05 152.21 155.70 163.16 91.46 91.11 90.62 90.82 91.77 93.78 90.64 90.84 91.46 91.80 91.13 93.78 170.00 91.05 91.07 172.34 91.22 91.24 Nondefense: Current dollars Chain-type quantity index Chain-type price index ... Implicit price deflator 109.64 106.06 103.38 103.37 116.59 116.28 109.72 109.74 106.27 105.97 106.27 105.96 116.17 109.14 106.45 106.44 120.72 112.88 106.95 106.94 122.29 111.95 109.26 109.24 127.51 125.56 116.62 114.24 109.35 109.92 109.34 109.92 129.48 130.50 133.21 117.48 117.63 118.56 110.21 110.94 112.36 110.22 110.94 112.36 134.49 118.93 113.08 113.08 131.64 115.64 113.83 113.83 State and local: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator 112.35 107.74 104.28 104.28 119.71 118.22 111.82 110,91 107.06 106.61 107.05 106.60 120.41 111.91 107.60 107.59 123.24 113.57 108.52 108.51 126.96 115.40 110.03 110.02 127.78 115.07 111.05 111.04 125.89 126.96 116.65 110.47 105.59 105.59 128.89 117.56 109.64 109.64 129.40 118.41 109.28 109.28 NOTE—Chain-type quantity and price indexes are calculated from weighted averages of the detailed output and prices used to prepare each aggregate and component. Implicit price deflators are weighted averages of the detailed price indexes used to prepare each aggregate and component and are calculated as the ratio of current- to chained- Government consumption expenditures and gross investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 113.77 113.74 113.64 115.90 119.01 110.14 110.36 109.67 110.92 112.79 103.30 103.06 103.62 104.50 105.52 103.30 103.06 103.62 104.49 105.52 129.67 115.89 111.90 111.89 dollar output multiplied by 100. Percent changes from preceding period for items in this table are shown in table 8.1. Contributions to the percent change in real gross domestic product are shown in table 8.2. January 2001 SURVEY OF CURRENT BUSINESS D-19 National Data Table 7.2.—Quantity and Price Indexes for Gross Domestic Product, Final Sales, and Purchases Table 7.4.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Major Type of Product [Index numbers, 1996=100] [Index numbers, 1996=100] Seasonally adjusted Gross domestic product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 1998 1999 112.50 108.99 103.23 103.22 119.02 113.60 104.77 104.77 1999 117.64 112.42 104.63 104.65 Seasonally adjusted 2000 122.35 116.27 105.31 105.24 119.55 113.98 104.90 104.89 1998 128.49 119.92 107.22 107.15 111.95 108.38 103.30 103.30 118.92 113.41 104.86 104.86 117.91 112.61 104.71 104.70 119.54 121.89 124.92 113.86 115.64 117.54 105.00 105.41 106.29 104.99 105.40 106.28 126.86 118.66 106.92 106.91 128.14 119.37 107.35 107.34 Gross domestic purchases: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 113.16 110.45 102.45 102.45 120.89 116.16 104.08 104.08 119.36 114.90 103.86 103.88 121.76 116.76 104.30 104.28 124.76 127.66 119.13 120.77 104.80 105.78 104.72 105.70 130.36 122.68 106.33 106.26 131.98 123.59 106.86 106.79 Final sales to domestic purchasers: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 112.61 109.85 102.52 102.51 120.80 115.98 104.16 104.16 119.63 115.11 103.94 103.93 121.75 124.31 116.65 118.52 104.39 104.89 104.38 104.88 127.77 120.68 105.88 105.87 129.94 122.08 106.45 106.44 131.64 123.06 106.98 106.97 111.21 213.50 52.09 52.09 118.22 314.26 37.62 37.62 112.52 108.22 103.98 103.98 119.03 112.39 105.91 105.90 117.66 111.27 105.72 105.74 119.51 112.69 106.07 106.05 113.08 109.47 103.31 103.31 120.75 114.58 105.39 105.38 119.21 113.38 105.13 105.15 121.57 124.59 115.08 117.35 105.66 106.25 105.64 106.17 Personal consumption expenditures Durable goods Motor vehicles and parts Furniture and household equipment Other Nondurable goods 115.67 295.99 38.81 39.08 124.29 123.88 136.17 358.44 413.00 34.26 32.68 36.49 34.56 32.97 36.78 337.95 122.34 114.89 106.56 106.48 145.95 152.41 461.08 502.06 31.37 30.09 31.65 30.36 124.71 127.11 116.10 117.57 107.49 108.18 107.42 108.11 128.25 118.10 108.67 108.60 127.45 118.87 107.30 107.22 131.61 121.35 108.53 108.46 Food Clothing and shoes Gasoline, fuel oil, and other energy goods Gasoline and oil Fuel oil and coal Other Services Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other Addenda: Energy goods and services l Personal consumption expenditures less food and energy 108.42 117.97 113.82 114.15 113.42 114.82 116.49 118.63 119.54 126.93 124.30 114.79 107.04 103.42 113.02 142.98 140.04 127.62 124.97 132.65 131.47 134.01 138.17 145.70 143.83 126.03 126.75 129.11 137.24 131.05 145.17 128.89 151.20 157.95 133.71 141.12 160.13 141.91 112.13 113.47 115.50 117.20 118.24 113.05 107.62 106.62 123.17 122.40 107.73 110.19 124.58 124.56 110.97 130.61 111.53 132.40 107.09 108.06 99.60 119.55 120.86 146.50 133.44 163.48 144.03 119.60 111.85 135.45 103.86 105.63 89.89 111.57 107.30 107.04 107.59 103.03 120.18 108.39 109.68 98.19 122.80 104.37 105.65 94.30 125.86 105.54 106.46 98.17 127.38 111.29 110.71 111.95 113.00 114.45 115.75 107.00 107.73 101.16 129.80 116.82 104.55 108.11 100.98 112.96 108.86 105.57 108.24 111.00 107.22 112.82 101.68 120.33 112.61 108.26 114.02 117.04 106.88 112.18 101.09 119.65 111.90 107.81 113.20 116.22 107.53 114.94 105.21 121.52 113.33 108.73 115.17 117.56 108.27 113.24 99.22 122.66 114.38 109.62 116.27 120.16 108.91 114.94 100.97 124.33 115.57 110.19 118.96 123.04 109.63 118.12 105.99 126.28 116.68 110.97 121.54 124.48 110.25 118.25 103.98 127.90 117.11 111.62 123.86 126.69 102.48 104.45 104.28 106.10 103.99 102.58 105.41 105.36 109.74 115.98 115.25 116.69 118.44 121.07 121.91 123.51 106.58 107.13 107.61 107.36 108.20 100.88 118.35 Chain-type price indexes 130.06 120.59 107.93 107.85 Personal consumption expenditures Durable goods 103.74 105.75 92.12 96.02 105.41 94.99 105.94 98.51 102.77 104.26 104.09 104.38 104.78 105.49 106.54 101.34 107.14 109.78 107.75 112.74 108.70 115.75 105.95 106.33 Motor vehicles and parts Furniture and household equipment Other Nondurable goods 103.03 104.85 Table 7.3.—Quantity and Price Indexes for Gross National Product and Command-Basis Gross National Product [Index numbers, 1996=100] Food Clothing and shoes Gasoline, fuel oil, and other energy goods Gasoline and oil Fuel oil and coal Other Services Gross national product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 112.20 118.60 108.73 113.24 103.19 104.74 103.19 104.73 Less: Exports of goods and services and income receipts from the rest of the world: Chain-type quantity index 114.51 118.55 117.25 112.07 104.59 104.62 119.10 121.90 124.44 126.89 128.08 113.59 115.88 117.32 118.93 119.56 104.87 105.27 106.14 106.77 107.20 104.86 105.19 106.07 106.70 107.13 116.36 120.12 123.74 126.69 131.95 134.75 Plus: Command-basis exports of goods and services and income receipts from the rest of the world: Chain-type quantity index 119.39 Equals: Command-basis gross national product: Chain-type quantity index 109.43 113.84 112.73 114.10 116.31 117.64 119.33 119.86 122.72 120.96 123.72 126.73 128.91 134.76 NOTE—Percent changes from preceding period for selected items in this table are shown in table 8.1. 136.89 Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other Addenda: Energy goods and services l Personal consumption expenditures less food and energy 104.60 105.10 105.67 95.42 93.09 93.30 92.86 92.44 91.98 91.83 91.30 99.01 99.29 98.91 99.50 99.81 99.30 99.88 99.81 90.36 98.24 85.19 96.62 85.77 97.21 84.58 96.24 83.38 96.11 82.73 96.12 81.97 95.85 81.05 95.32 101.35 103.71 103.43 104.15 105.09 106.48 104.05 98.01 106.14 96.38 105.81 96.73 106.35 95.83 106.95 96.84 107.59 108.20 109.20 95.67 95.12 94.48 88.24 95.39 87.87 95.66 91.53 92.92 102.86 106.86 99.34 94.24 99.91 94.81 89.21 94.23 106.52 107.26 104.16 104.39 101.97 107.51 118.69 117.85 125.95 107.94 105.50 107.99 107.66 108.26 106.25 100.76 98.80 101.96 104.88 104.51 105.77 107.96 109.40 100.63 98.43 101.98 106.35 107.02 108.84 111.04 109.11 100.35 97.91 101.85 106.29 106.60 108.59 110.62 93.23 96.85 96.00 103.45 105.11 104.92 1. For some components of final sales of computers, includes computer parts. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 2000 Chain-type quantity indexes 124.82 127.29 117.65 119.27 106.17 106.80 106.10 106.73 Final sales of domestic product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Addenda: Final sales of computers l : Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross domestic product less final sales of computers: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross domestic purchases less final sales of computers: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Chain-type price indexes for gross domestic purchases: Food Energy goods and services Gross domestic purchases less food and energy 1999 109.74 100.55 98.73 101.68 106.32 107.29 109.31 111.41 110.41 101.04 99.20 102.18 107.09 107.98 110.06 111.86 99.09 101.88 105.25 105.69 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. 107.35 107.93 123.52 123.65 122.27 109.10 124.37 123.84 128.85 109.69 109.88 110.43 111.12 112.17 101.55 101.43 101.72 109.16 109.50 112.28 113.38 112.98 102.80 105.44 101.42 109.84 110.62 113.47 113.17 111.33 101.18 99.61 102.17 108.02 109.13 111.33 113.12 109.84 113.25 115.61 106.26 106.64 106.93 D-20 • National Data January 2001 SURVEY OF CURRENT BUSINESS Table 7.6—Chain-Type Quantity and Price Indexes for Private Fixed Investment by Type [Index numbers, 1996=100] Table 7.9—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services and for Receipts and Payments of Income [Index numbers, 1996=100] Seasonally adjusted 1998 1999 Seasonally adjusted 2000 II III 1998 IV 1999 1999 2000 Chain-type quantity indexes Chain-type quantity indexes Private fixed investment Nonresidential Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures Equipment and software Information processing equipment and software Computers and peripheral equipment* Software 2 Other Industrial equipment Transportation equipment Other Residential Structures Single family Multifamily Other structures Equipment 122.48 133.70 132.53 135.05 137.43 142.73 146.59 147.71 126.78 139.56 137.59 141.47 144.73 151.79 157.04 159.97 116.88 115.22 115.01 113.18 115.83 121.80 123.12 127.40 114.48 122.09 121.56 123.39 125.37 124.63 118.82 126.53 116.97 115.92 116.09 119.36 120.76 119.77 115.84 102.09 108.81 118.37 130.33 148.74 97.76 126.92 113.36 120.92 100.86 116.53 123.71 134.79 144.82 115.09 120.95 111.74 104.25 130.69 146.05 152.21 155.70 163.16 170.00 172.34 150.24 188.74 183.41 195.33 204.64 219.11 232.93 242.13 210.72 158.74 116.03 107.67 120.96 122.20 306.72 197.65 134.50 108.31 138.07 121.25 294.19 190.37 133.01 106.76 136.06 121.79 325.92 202.34 138.59 109.15 143.35 119.18 110.47 110.52 110.57 106.58 111.15 108.67 117.56 118.41 117.48 117.63 117.54 118.43 117.42 117.53 117.92 118.48 116.65 118.66 113.95 113.49 114.43 112.95 117.69 119.24 118.95 116.89 118.61 117.91 120.07 122.07 344.08 215.75 141.52 111.99 141.03 118.76 372.78 225.96 154.45 116.44 142.04 123.42 419.58 235.97 162.13 120.20 143.39 126.47 457.68 246.24 162.82 122.67 137.23 125.42 118.56 118.93 115.64 118.37 118.75 115.38 123.03 116.89 112.59 121.62 116.14 115.47 116.21 107.12 115.72 126.79 127.37 127.76 Chain-type price indexes Exports of goods and services Goods 1 Durable Nondurable Services 1 114.80 117.01 121.89 106.54 109.58 Nonresidential Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures Equipment and software Information processing equipment and software Computers and peripheral equipment Software 2 Other Industrial equipment Transportation equipment Other Residential Structures Single family Multifamily Other structures Equipment 100.17 100.66 109.65 110.44 99.07 99.71 95.42 95.84 111.42 112.72 106.99 111.26 110.66 111.70 103.50 103.42 103.06 103.41 112.75 114.22 104.02 104.85 114.95 115.94 106.01 106.30 99.17 99.10 99.14 99.06 97.13 95.84 95.99 95.62 107.71 110.19 96.64 113.75 115.15 120.02 112.81 112.34 111.99 113.24 114.24 116.94 122.98 104.93 106.74 106.47 106.73 107.47 108.24 110.35 110.97 93.78 91.46 91.77 91.11 90.62 90.82 91.05 91.22 85.13 79.87 80.32 79.32 78.42 78.62 78.76 78.80 56.89 95.39 98.35 101.33 100.09 102.34 43.40 44.26 42.00 40.28 39.20 37.96 36.84 95.75 95.72 95.93 95.89 97.91 100.03 101.78 97.27 97.59 97.11 96.53 96.40 96.27 96.14 101.98 101.79 101.95 102.27 102.41 102.46 102.64 100.89 101.38 100.60 100.31 100.70 101.18 101.64 103.40 103.37 103.45 103.62 103.55 103.98 104.38 105.59 109.64 109.28 110.21 105.74 109.93 105.60 110.41 113.45 117.69 104.66 108.05 99.54 110.94 112.36 113.08 113.83 109.57 110.52 111.26 112.72 113.45 114.22 109.91 111.01 112.01 113.80 117.28 118.09 118.96 120.87 107.88 108.68 109.09 110.04 97.85 97.94 97.95 97.76 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. 96.23 114.00 121.08 111.55 114.60 121.72 112.58 98.39 98.18 116.41 118.97 124.56 106.95 110.36 119.27 123.45 129.90 109.56 109.67 116.21 122.93 138.32 143.82 141.02 147.28 147.20 154.56 129.07 133.26 125.13 127.05 Income receipts 113.51 119.78 Imports of goods and services Goods' Durable Nondurable Services 1 127.15 140.72 127.67 131.33 120.65 124.42 143.64 150.51 130.45 126.54 Income payments 122.78 132.53 128.29 137.14 122.22 127.18 133.80 112.91 110.92 124.10 129.06 136.42 113.21 112.79 128.33 134.79 144.21 114.56 113.78 132.56 141.37 150.31 122.14 112.98 128.75 135.20 143.82 141.98 147.53 151.23 160.22 134.18 129.59 151.76 155.29 165.10 136.78 134.66 158.36 162.54 172.67 143.42 138.07 164.72 142.85 147.59 157.34 155.98 168.74 179.79 148.03 145.20 Chain-type price indexes Exports of goods and services Goods 1 Durable Nondurable Services 1 96.26 95.86 95.62 95.88 96.51 96.98 97.43 97.60 94.25 92.96 92.72 92.87 93.41 93.68 94.02 94.02 94.87 93.65 93.67 93.39 93.65 93.54 93.62 93.77 92.75 91.25 90.36 91.58 92.84 94.07 95.13 94.74 101.34 103.30 103.06 103.62 104.50 105.52 106.27 106.92 Income receipts 102.40 103.99 103.70 104.16 104.76 105.69 106.30 106.91 Imports of goods and services Goods 1 Durable Nondurable Services' Income payments Private fixed investment 118.17 121.63 127.75 108.46 110.14 95.91 91.13 92.47 93.68 94.97 95.03 89.57 90.93 92.30 93.77 93.99 89.14 88.84 88.78 89.00 88.90 90.41 95.46 100.06 104.48 105.42 99.66 100.85 101.14 101.25 100.33 95.00 88.66 109.36 100.41 103.45 105.10 104.76 105.19 106.10 106.85 107.25 107.61 91.26 90.16 90.83 88.70 97.09 91.80 90.31 89.14 92.85 99.89 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. January 2001 D-21 National Data SURVEY OF CURRENT BUSINESS Table 7.10.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Type of Product [Index numbers, 1996=100] Seasonally adjusted 1998 1999 1999 III Seasonally adjusted 2000 1998 1999 IV III Chain-type quantity indexes Exports of goods and services Exports of g o o d s ] 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' 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 g o o d s ] 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 agricultural goods2 Exports of nonagricultural goods Imports of nonpetroleum 117.01 121.63 118.97 123.45 127.18 129.06 134.79 141.37 101.94 100.27 107.69 105.24 106.90 106.02 116.48 107.42 108.29 106.84 108.52 113.69 114.67 117.27 123.00 110.83 114.10 111.92 114.40 120.59 126.74 130.90 133.02 105.49 105.00 103.96 105.19 109.79 107.98 109.76 117.36 128.14 135.28 131.16 138.43 141.52 142.64 156.15 164.40 165.96 160.30 152.19 160.71 159.17 129.42 155.29 145.58 137.05 156.22 154.35 162.30 162.77 178.48 195.83 208.11 119.02 126.39 122.66 129.54 133.98 138.76 149.06 160.27 111.48 114.72 113.91 117.23 116.96 120.92 120.28 121.24 112.30 112.66 111.92 124.30 114.81 115.67 113.91 136.23 113.07 113.34 112.79 131.86 114.72 115.82 113.58 132.27 118.56 122.89 114.09 151.18 125.27 126.41 124.11 146.46 129.68 132.07 127.22 155.83 109.58 110.14 110.36 109.67 110.92 112.79 113.78 112.98 123.55 128.88 118.04 151.45 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 93.84 103.29 93.00 107.57 110.80 144.29 92.02 92.28 103.80 94.02 106.27 107.47 142.30 93.81 127.15 140.72 138.32 143.82 147.53 151.76 158.36 164.72 Imports of goods and services 127.67 143.64 141.02 147.28 151.23 155.29 162.54 168.74 118.19 129.15 128.54 131.82 132.67 132.58 136.70 143.08 119.95 123.82 115.84 111.94 135.85 138.65 132.72 119.67 104.98 101.08 94.19 106.28 107.88 133.43 88.86 125.63 128.54 122.54 112.04 118.59 100.37 94.76 105.89 108.42 131.12 91.37 123.62 126.87 120.15 117.35 100.88 100.32 96.43 104.04 107.54 134.12 87.29 127.18 127.93 126.43 115.60 90.27 103.77 92.32 108.67 106.94 138.87 82.00 131.60 135.10 127.89 105.17 89.34 103.60 93.81 107.21 107.58 144.25 87.06 133.17 137.77 128.29 112.37 132.16 138.03 125.94 121.19 143.93 165.82 162.26 170.66 177.99 184.09 198.87 210.90 163.09 174.50 169.29 187.72 175.95 168.51 179.33 190.86 164.54 212.12 211.90 219.36 225.25 226.80 248.66 264.86 134.30 148.93 144.58 152.09 161.79 170.57 183.51 194.21 115.22 137.71 134.14 143.22 143.99 147.82 148.93 154.19 129.16 129.55 128.79 133.52 143.85 145.63 142.02 160.15 140.17 143.05 137.19 153.49 146.61 149.60 143.52 161.95 152.15 154.54 149.68 180.19 167.48 171.12 163.72 180.15 169.89 171.58 168.16 202.21 124.42 126.54 125.13 127.05 129.59 134.66 138.07 145.20 124.43 123.01 117.73 115.38 145.74 134.05 107.84 144.75 151.59 134.94 127.16 226.07 144.62 107.83 135.39 126.22 122.96 115.91 162.66 129.76 104.54 135.78 125.62 120.92 113.53 158.45 128.52 102.88 143.68 126.16 121.27 115.66 162.16 130.24 107.47 130.79 129.02 127.86 117.02 177.87 134.17 102.77 157.18 162.45 151.74 175.90 137.37 136.37 129.54 119.92 182.23 139.87 105.75 141.88 142.61 131.42 122.67 186.55 140.99 106.64 101.73 102.69 101.66 110.18 104.24 110.29 109.74 119.91 118.64 123.62 120.80 124.92 129.53 131.04 137.35 143.63 129.13 146.37 142.98 149.96 155.50 159.09 166.01 173.26 NOTE—See footnotes to table 4.3. Exports of goods and services Transfers under U.S. military agency sales contracts Travel Passenger fares Other transportation Royalties and license fees Other private services Other 119.70 98.71 103.14 101.44 108.69 125.97 100.36 2000 IV Chain-type price indexes 114.80 118.17 116.41 119.27 122.22 124.10 128.33 132.56 99.15 1999 Imports of g o o d s ' 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 l Direct defense expenditures ... Travel Passenger fares Other transportation Royalties and license fees Other private services Other Addenda: Exports of agricultural goods 2 Exports of nonagricultural goods Imports of nonpetroleum goods 96.26 95.86 95.62 95.88 96.51 96.98 97.43 94.25 92.96 92.72 92.87 93.41 93.68 94.02 84.27 80.42 80.88 79.91 79.24 79.24 80.31 97.60 94.02 77.36 94.23 95.02 93.77 92.80 92.57 92.96 91.31 92.15 90.81 93.49 92.41 94.16 95.52 93.21 96.94 97.48 98.80 93.98 94.48 99.67 101.53 99.37 94.54 102.44 92.49 91.01 91.18 90.63 90.75 90.32 90.25 90.45 104.79 107.22 106.99 107.19 108.13 109.47 110.54 111.67 64.64 93.33 64.33 93.54 100.93 101.56 101.40 101.57 101.96 102.19 102.39 102.59 100.75 100.42 100.33 100.38 100.64 100.86 100.88 100.69 100.07 100.00 100.17 100.20 100.61 100.95 100.82 100.78 100.67 100.60 101.12 101.12 100.78 95.60 96.68 95.14 96.36 96.59 96.82 95.31 100.91 100.91 100.89 96.54 106.92 75.52 94.64 68.41 93.90 68.99 94.03 67.34 93.67 67.05 93.74 65.56 93.32 101.34 103.30 103.06 103.62 104.50 105.52 106.27 95.70 103.53 95.46 96.81 102.56 99.67 115.25 100.17 106.21 102.86 97.55 104.10 99.89 117.75 100.10 106.07 101.37 96.96 103.85 100.15 116.08 99.86 106.87 103.73 99.22 104.31 99.97 115.99 100.68 107.67 105.17 100.20 104.91 99.93 122.31 99.83 109.39 104.46 102.89 105.85 101.18 119.69 99.39 111.48 105.92 104.60 106.46 101.52 116.35 99.25 112.06 106.61 108.22 107.07 102.31 112.62 91.26 91.80 91.13 92.47 93.68 94.97 95.03 95.91 90.16 90.31 89.57 90.93 92.30 93.77 93.99 95.00 97.72 94.49 95.05 93.55 94.05 94.12 93.46 92.55 94.96 97.01 92.89 62.51 94.47 97.21 91.65 83.20 93.07 96.38 89.64 74.69 95.37 96.85 99.21 101.98 104.42 98.59 98.67 102.46 103.25 102.76 92.03 94.98 95.80 100.76 106.39 94.67 112.06 132.18 132.79 145.93 82.11 78.56 78.81 77.67 77.46 77.17 76.77 76.31 105.56 107.52 107.33 107.46 108.04 108.81 109.52 110.63 71.60 84.81 62.43 83.73 62.81 83.94 60.68 83.26 60.36 83.04 59.99 82.70 58.68 82.71 58.20 82.16 100.34 101.03 100.98 101.15 101.27 101.44 101.79 101.91 97.47 95.24 99.92 99.33 96.79 94.09 99.76 99.30 97.09 99.89 89.20 95.61 107.24 96.03 102.55 96.35 99.27 91.41 97.86 110.06 107.48 104.13 94.68 102.61 96.69 94.04 99.59 98.98 96.58 93.85 99.58 99.25 96.65 93.80 99.79 99.51 96.35 93.41 99.58 99.70 95.95 95.87 93.04 92.93 99.15 99.12 99.91 100.42 99.66 100.85 101.14 101.25 100.33 100.41 90.08 97.54 110.29 105.24 103.84 96.03 102.26 91.52 97.66 111.52 112.99 104.30 94.45 103.34 93.11 98.56 110.12 114.92 104.90 93.05 104.13 90.03 96.72 113.63 115.38 105.83 94.85 103.00 87.88 94.07 115.61 115.28 106.44 94.34 102.58 86.61 92.12 117.45 117.65 107.05 95.22 102.42 84.90 78.58 78.25 77.74 77.90 77.36 78.17 75.66 95.18 94.35 94.12 94.33 94.91 95.25 95.56 95.78 92.60 91.09 90.95 90.84 91.06 91.26 91.45 91.61 D-22 • National Data January 2001 SURVEY OF CURRENT BUSINESS Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type [Index numbers, 1996=100] Seasonally adjusted 1998 1999 1999 II III Seasonally adjusted 2000 IV I II 1998 1999 III Chain-type quantity indexes Government consumption expenditures and gross investment1 Federal National defense Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3 Consumption of fixed capital 4 Other services Gross investment Structures ... Equipment and software Nondefense Consumption expenditures Durable goods 2 Nondurable goods Commodity Credit Corporation inventory change Other nondurables Services Compensation of general government employees, except own-account investment3 . Consumption of general government fixed capital 4 Other services Gross investment Structures Equipment and software State and local Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital 4 Other services Gross investment Structures Equipment and software Addenda: Compensation of general government employees3 .... Federal State and local 99.12 101.61 100.09 101.77 104.98 101.04 105.13 102.67 95.70 97.62 95.33 98.14 101.09 95.65 99.46 96.97 96.15 97.16 94.71 97.27 100.54 94.47 98.68 96.08 102.72 108.28 109.38 116.32 107.48 107.56 106.44 104.58 104.35 115.92 112.94 138.58 112.98 132.50 130.29 117.41 95.45 95.88 93.19 94.89 99.75 92.57 97.32 94.95 90.90 90.83 91.04 90.32 89.95 90.05 90.68 99.10 99.54 99.42 99.61 99.90 100.26 100.64 101.06 96.16 101.65 92.39 97.85 115.98 90.95 107.39 97.54 93.31 100.64 99.32 103.61 104.65 103.01 104.38 102.51 76.17 72.18 72.94 70.98 70.12 62.68 59.50 59.40 95.84 104.93 103.29 108.56 109.89 109.20 111.31 109.16 106.06 109.72 109.74 109.14 112.88 111.95 116.62 114.24 102.99 103.22 102.56 102.71 104.22 104.99 108.75 106.33 129.16 123.98 125.45 122.46 122.72 125.11 122.36 121.37 101.81 100.86 100.34 100.68 101.39 102.56 106.66 103.92 100.47 101.13 100.87 99.85 101.06 103.15 108.44 104.01 119.66 135.52 133.16 137.65 142.28 147.20 151.96 156.64 96.76 85.80 85.53 86.86 84.98 82.78 84.20 81.81 120.65 141.01 144.35 140.06 154.86 145.36 154.54 152.39 94.26 90.85 86.79 87.38 94.47 88.21 85.15 83.17 135.51 170.31 178.21 170.91 190.31 178.93 195.69 193.48 113.57 110.62 126.18 119.32 109.31 115.40 111.46 128.12 120.78 110.06 115.07 112.18 130.08 122.26 110.67 Federal 115.89 112.98 132.08 123.75 111.36 103.19 104.64 104.43 104.86 105.15 105.68 106.02 106.49 111.04 146.12 113.94 110.60 124.85 118.18 163.57 122.79 116.88 142.56 117.17 160.00 119.87 113.96 139.66 119.11 165.92 121.44 114.43 145.17 121.12 172.94 126.89 119.94 150.32 123.23 175.11 133.18 126.68 154.83 II III 125.42 177.56 128.06 118.75 160.25 103.67 106.41 106.00 106.82 107.62 109.30 110.02 110.82 102.60 105.27 104.95 105.45 106.02 108.01 108.18 108.88 Nondefense Consumption expenditures Durable goods 2 Nondurable goods Commodity Credit Corporation inventory change Other nondurables Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital 4 Other services Gross investment Structures . Equipment and software 103.38 106.27 105.97 106.45 106.95 109.26 109.35 109.92 104.63 108.18 107.82 108.43 108.98 111.66 111.51 112.08 101.28 102.04 101.87 102.11 102.31 102.80 103.59 103.60 96.00 94.72 94.71 94.45 94.33 94.83 96.83 95.63 103.31 104.86 104.63 105.07 105.39 105.87 106.18 106.68 111.91 109.78 123.74 117.64 108.60 I 102.20 104.75 104.42 104.92 103.09 105.93 105.53 106.16 98.69 98.67 98.64 98.45 87.02 91.30 87.96 94.22 103.91 106.94 106.63 107.12 Addenda: Compensation of general government employees3 .... Federal State and local 110.91 108.90 122.10 116.04 107.82 2000 IV National defense Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital 4 Other services Gross investment Structures .. Equipment and software 127.71 178.99 128.98 118.54 165.40 111.82 109.37 123.10 116.88 108.24 1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods transferred to foreign countries by the Federal Government. 3. Compensation of government employees engaged in new own-account investment and related expenditures Government consumption expenditures and gross investment1 State and local Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital 4 Other services Gross investment Structures Equipment and software 107.74 106.34 115.60 110.96 105.62 III Chain-type price indexes 104.53 108.03 106.89 108.14 110.38 110.07 111.37 110.99 93.37 1999 II 105.54 106.83 98.85 100.49 107.61 107.35 108.95 99.37 106.97 109.71 107.57 109.17 99.62 106.10 109.97 108.34 110.04 99.74 112.70 110.70 105.54 110.08 109.95 110.11 110.47 114.48 114.44 115.15 99.79 100.68 100.44 100.70 101.31 102.18 102.49 103.07 104.53 106.91 106.22 107.44 108.02 108.23 108.90 109.79 97.00 97.97 97.95 97.86 98.16 98.37 98.57 98.83 106.17 110.09 109.64 110.58 111.79 112.65 113.95 114.97 95.84 96.51 96.52 96.33 96.55 96.70 96.82 97.02 99.17 102.17 101.08 103.34 104.86 106.50 106.98 108.64 105.14 108.80 108.46 109.03 109.51 112.43 112.23 112.83 107.24 112.94 112.55 113.39 113.72 117.97 117.14 117.66 98.39 99.11 99.00 99.11 99.55 100.56 101.45 101.95 104.50 105.75 105.36 105.69 106.53 107.87 108.28 109.14 97.95 98.47 98.40 98.45 98.78 99.86 100.76 101.34 106.10 108.85 108.32 109.02 110.29 111.15 112.31 113.15 94.47 94.26 94.31 94.19 94.27 95.39 96.21 96.72 104.28 107.06 106.61 107.60 108.52 104.63 107.59 107.09 108.22 109.20 99.19 98.95 98.81 98.84 99.17 94.27 97.79 96.40 100.29 102.23 106.08 109.04 108.65 109.43 110.29 110.03 110.84 99.34 108.98 111.26 111.05 111.83 99.50 110.28 112.22 111.90 112.73 99.73 112.51 112.95 106.58 109.99 109.49 110.43 111.43 112.28 113.08 113.84 101.50 108.47 102.83 106.27 92.98 102.91 107.82 104.82 110.02 90.55 102.72 108.61 104.59 109.63 90.68 103.04 108.00 105.03 110.44 90.22 103.76 106.95 105.76 111.54 90.08 104.61 109.98 106.73 112.79 90.37 105.76 112.78 107.90 114.27 90.77 106.48 113.13 108.54 115.10 91.00 106.47 110.30 109.87 110.68 111.51 113.19 113.70 114.42 106.17 111.18 110.95 111.38 111.73 115.81 115.47 116.10 106.58 109.99 109.49 110.43 111.43 112.28 113.08 113.84 for goods and services are classified as investment in structures and in software. The compensation of all general government employees is shown in the addenda. 4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net return on these assets. D-23 National Data SURVEY OF CURRENT BUSINESS January 2001 Table 7.14.—Chain-Type Quantity and Price Indexes for Gross Domestic Product by Sector Table 7.16.—Implicit Price Deflators for Private Inventories by Industry Group [Index numbers, 1996=100] [Index numbers, 1996=100] Seasonally adjusted 1999 1999 Seasonally adjusted 96.56 97.68 98.28 99.75 100.17 100.32 Farm 91.21 90.79 92.73 99.28 Nonfarm Durable goods Nondurable goods ... 97.03 96.50 97.71 98.28 98.77 99.82 100.42 100.87 97.01 97.41 97.68 97.76 97.66 99.90 100.52 102.57 103.83 105.00 Manufacturing Durable goods Nondurable goods ... 95.11 94.96 95.40 96.50 95.74 97.80 97.38 98.43 98.90 99.42 96.34 96.79 96.63 96.70 99.14 101.19 102.70 103.96 Wholesale Durable goods Nondurable goods ... 95.70 95.77 95.63 96.74 95.96 98.15 97.40 98.60 98.64 98.90 96.40 96.70 96.83 96.62 99.21 102.02 101.89 103.02 Private inventories' Chain-type quantity indexes Gross domestic product Business1 Households and institutions Private households Nonprofit institutions General government 108.99 113.60 112.42 113.98 116.27 117.65 119.27 119.92 110.07 115.27 113.90 115.70 118.34 119.88 121.66 122.36 Nonfarm 2 Nonfarm less housing Housing Farm 3 Federal State and local 110.07 110.85 103.08 108.74 115.26 116.27 106.27 115.26 113.82 114.73 105.67 120.80 115.71 116.72 106.70 113.32 118.39 119.60 107.70 111.82 119.90 121.13 108.99 116.37 121.73 123.10 109.63 112.92 122.42 123.81 110.12 115.17 106.64 108.54 108.35 108.66 109.27 109.68 110.31 110.89 110.36 87.94 93.83 84.08 72.02 67.99 68.36 69.05 106.51 109.29 108.88 109.55 110.63 111.20 111.84 112.41 102.20 103.68 103.41 103.85 104.26 104.93 105.87 106.16 98.07 98.12 97.96 98.05 98.29 99.01 100.85 100.29 104.15 106.29 105.98 106.57 107.07 107.72 108.22 108.91 Chain-type price indexes Gross domestic product Business1 Nonfarm2 Nonfarm less housing Housing Farm Households and institutions . 103.23 104.77 104.63 104.90 105.31 106.17 106.80 107.22 102.91 104.18 104.07 104.27 104.63 105.41 106.03 106.38 103.24 104.67 104.60 104.79 105.08 105.91 106.45 106.85 102.95 104.23 104.18 104.34 104.59 105.41 105.94 106.31 105.98 108.95 108.67 109.16 109.87 110.76 111.40 112.15 80.56 69.84 67.28 68.40 73.44 71.34 77.37 73.59 103.61 106.19 105.88 106.47 106.97 107.77 108.77 109.99 Nonprofit institutions 105.49 108.58 108.39 108.95 110.00 111.34 112.99 114.09 103.55 106.10 105.80 106.39 106.88 107.67 108.65 109.87 General government3 105.45 108.80 108.41 109.13 109.93 111.46 112.03 112.74 Private households Federal State and local 104.26 108.03 107.81 108.17 108.58 111.69 111.61 112.21 106.00 109.16 108.70 109.57 110.54 111.39! 112.23 112.99 1. Equals gross domestic product less gross product of households and institutions and of general government. 2. Equals gross domestic business product less gross farm product. 3. Equals compensation of general government employees plus general government consumption of fixed capital. Table 7.15.—Price, Costs, and Profit Per Unit of Real Gross Product of Nonfinancial Corporate Business [Dollars] Price per unit of real gross product of nonfinancial corporate business' 1.010 1.019 Compensation of employees (unit labor cost) .653 .659 Unit nonlabor cost Consumption of fixed capital .239 .113 .241 .115 .098 .028 .097 .029 .120 .034 .086 Indirect business tax and nontax liability plus business transfer payments less subsidies Net interest Corporate profits with inventory valuation and capital consumption adjustments (unit profits from current production) Profits tax liability Profits after tax with inventory valuation and capital consumption adjustments ... 1.019 1.019 1.019 1.025 1.031 1.032 .660 .661 .658 .658 .659 .661 .240 .115 .242 .116 .243 .115 .245 .116 .247 .117 .247 .118 .097 .028 .097 .029 .098 .030 .099 .030 .099 .031 .031 .119 .034 .119 .034 .116 .034 .118 .034 .122 .036 .126 .037 .123 .035 .085 .085 .083 .084 .086 .089 1. The implicit price deflator for gross product of nonfinancial corporate business divided by 100. 2000 1999 2000 Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers . Durable goods Nondurable goods 97.67 94.11 95.64 96.53 97.11 98.14 98.10 98.22 95.84 96.06 96.51 96.83 96.96 96.74 95.32 97.40 98.22 100.55 100.17 100.94 96.11 98.13 99.32 101.64 102.25 103.41 95.23 95.29 95.60 95.79 95.95 95.78 97.57 102.81 105.39 111.26 112.62 116.07 102.67 100.30 99.95 100.71 105.58 102.71 100.12 100.03 100.25 105.90 Retail trade Durable goods Motor vehicle dealers Other Nondurable goods 100.82 101.68 101.80 102.36 99.37 99.92 QQ Qfl 99.93 98.18 99.52 99.39 99.25 100.65 100.39 100.64 100.67 102.59 103.83 104.01 105.37 Other Durable goods Nondurable goods 97.23 99.77 99.40 101.45 105.15 107.21 103.40 102.50 102.90 104.05 103.50 102.75 96.72 99.59 99.15 101.30 105.42 107.74 1. Implicit price deflators are as of the end of the quarter and are consistent with the inventory stocks shown in tables 5.12 and 5.13. D-24 • National Data SURVEY OF CURRENT BUSINESS Table 7.17.—Chain-Type Quantity Indexes for Gross Domestic Product by Major Type of Product January 2001 Table 7.18B—Chain-Type Quantity indexes for Motor Vehicle Output [Index numbers, 1996=100] [Index numbers, 1996=100] Seasonally adjusted Seasonally adjusted 1998 II III IV I II Gross domestic product 108.99 113.60 112.42 113.98 116.27 117.65 119.27 119.92 108.38 113.41 112.61 113.86 115.64 117.54 118.66 119.37 Final sales Change in private inventories Durable goods Final sales Change in private inventories Nondurable goods Final sales Change in private inventories Services Structures Addenda: Motor vehicle output Gross domestic product less motor vehicle output 113.17 120.08 117.77 120.80 124.84 126.79 129.40 130.72 111.55 119.66 118.44 120.58 123.22 126.64 127.82 129.34 121.28 131.80 128.46 133.65 138.26 142.10 146.86 147.72 119.47 131.58 129.96 133.41 136.51 142.58 145.20 146.80 106.50 110.55 109.04 110.41 113.99 114.49 115.47 117.12 105.08 110.06 109.14 110.27 112.55 113.97 114.08 115.53 105.64 108.89 108.28 109.31 110.50 111.18 112.59 112.95 112.06 115.74 115.48 114.48 116.54 119.98 119.06 118.89 115.34 126.35 123.96 127.71 130.25 130.35 128.86 123.03 108.76 113.15 112.01 113.50 115.77 117.20 118.93 119.80 2000 1999 II III Final sales of domestic product Change in private inventories Goods 1999 2000 1999 1999 1998 III IV I II Motor vehicle output ... 115.34 126.35 123.96 127.71 130.25 130.35 128.86 Auto output 102.58 102.34 102.24 99.97 103.97 103.88 96.72 Truck output ! 126.04 146.35 142.10 150.77 152.13 152.39 155.53 Final sales of domestic product 113.54 121.07 121.81 122.51 123.04 129.35 121.59 Personal consumption expenditures 114.94 126.94 128.55 127.69 129.43 138.07 131.61 New motor vehicles 115.85 130.15 130.62 130.75 134.24 144.92 137.22 Autos 107.95 120.73 121.66 120.09 126.32 133.18 128.63 125.21 141.32 141.23 143.33 143.66 158.77 147.41 Light trucks Net purchases of used autos 112.13 117.17 122.20 118.39 114.95 117.57 114.78 Private fixed investment 116.21 131.60 128.98 137.38 134.41 138.07 131.48 New motor vehicles 114.41 126.83 125.19 132.44 128.53 132.91 125.82 Autos 100.62 106.96 108.94 110.99 105.29 109.78 100.72 127.63 145.85 140.81 152.96 150.72 155.00 149.76 Trucks 132.05 149.20 142.84 159.04 153.56 163.55 158.47 Light trucks 118.99 139.13 136.53 141.18 144.88 138.69 133.18 Other Net purchases of used autos 107.80 109.19 111.20 114.14 106.81 113.79 104.95 Gross government investment 114.33 118.29 102.22 123.73 135.82 123.54 115.38 Autos 95.32 99.01 88.86 108.11 108.30 86.04 93.99 New trucks 124.94 129.04 109.62 132.38 151.25 144.75 127.34 Net exports Exports Autos Trucks Imports Autos . Trucks 100.51 94.43 111.91 116.94 118.91 107.48 96.65 94.99 99.94 142.99 142.71 144.23 98.08 98.33 97.91 138.79 137.38 145.46 95.51 91.69 102.74 148.85 149.45 145.96 98.34 95.86 103.14 149.50 149.62 148.84 100.25 96.79 106.83 153.68 154.15 151.37 101.69 98.45 107.87 153.82 157.77 135.07 III 123.03 93.98 147.14 118.97 133.95 139.28 123.72 157.60 117.93 127.85 123.13 99.71 145.49 160.33 117.63 105.68 118.65 123.35 115.53 97.45 93.91 104.17 162.17 168.05 134.32 Change in private inventories Autos New Domestic Foreign . Used New trucks Domestic Foreign Addenda: Final sales of motor vehicles to domestic purchasers Private fixed investment in new autos and new light trucks Domestic2 output of new autos Sales of imported new autos 3 115.38 128.35 127.83 131.09 131.46 137.60 131.04 131.24 113.39 124.11 122.68 130.51 124.90 131.63 124.20 124.36 97.99 100.70 99.59 101.90 100.85 105.06 101.48 101.99 123.41 144.38 144.11 145.99 152.66 152.30 150.64 149.25 1. Except for exports and imports, consists of new trucks only. 2. Consists of final sales and change in private inventories of new autos assembled in the United States. 3. Consists of personal consumption expenditures, private fixed investment, and gross government investment. January 2001 National Data • D-25 SURVEY OF CURRENT BUSINESS 8. Supplemental Tables. Table 8.1.—Percent Change From Preceding Period in Selected Series [Percent] Seasonally adjusted at annual rates 1998 1999 III Gross domestic product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Personal consumption expenditures: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Durable goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Nondurable goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross private domestic investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Fixed investment: Current cJcllars Chain-type quantity index Chain-type price index Implicit price deflator Nonresidential: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Structures: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Equipment and software: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Residential: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Exports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Exports of goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Exports of services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Imports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Imports of goods: Current dollars Chain-type quantity index 5.7 4.4 1.3 1.3 5.8 4. 1, 1.5 3.9 2.5 1.4 1.4 5.8 4.7 1.1 1.1 7.1 5.3 1.8 1.8 8.0 5.6 2. 2. 8.0 10.6 -2.4 -2.4 9.7 12.4 -2.4 -2.4 4.0 4.0 0 0 1999 1998 1999 IV III 9.7 8.3 1.6 1.3 4.8 3.3 3.3 5.6 2.4 2.4 3.8 2.2 1.6 1.6 7.1 5.0 1.9 1.9 8.2 5.9 2.2 2.2 11.3 7.6 3.5 3.5 5.2 3.1 2.1 2.1 6.4 4.5 1.8 1.8 12.8 15.0 -1.9 -1.9 5.9 8.0 -1.9 -1.9 11.0 13.0 -1.8 -1.8 21.2 23.6 -2.0 -2.0 -5.7 -5.0 -.6 -.6 5.2 7.6 -2.3 -2.3 8.1 5.6 2.3 2.3 9.0 3.8 5.0 5.0 7.8 4.9 2.8 2.8 11.2 7.4 3.6 3.6 11.7 6.0 5.4 5.4 7.0 3.6 3.3 3.3 7.0 4.7 2.2 2.2 6.3 3.9 2.3 2.3 6.2 3.7 2.4 2.4 6.5 4.6 1.8 1.8 6.9 4.5 2.3 2.3 6.2 3.8 2.3 2.3 9.2 5.2 3.7 3.7 6.7 4.6 2.0 2.0 6.3 3.7 2.5 2.5 11.5 12.5 -.9 -.9 6.5 6.6 -.1 -.1 -.5 0 -.2 -.5 13.4 15.0 -.6 -1.4 16.5 17.9 0 -1.2 7.6 5.1 2.3 2.4 24.0 21.7 1.8 1.8 3.7 1.8 1.8 1.9 10.9 11.8 9.1 9.2 -.1 -.1 8.7 8.7 0 0 7.2 7.2 0 0 19.4 16.4 2.6 2.6 13.3 11.2 1.9 1.9 5.1 3.1 2.0 2.0 10.8 13.0 -1.9 -1.9 8.6 10.1 -1.3 -1.3 8.0 9.6 -1.4 -1.5 10.1 11.8 -1.5 -1.6 23.1 21.0 1.8 1.8 16.4 14.6 1.6 1.6 9.6 7.7 1.8 1.8 10.7 7.2 3.3 3.3 -1.4 2.3 2.3 -4.8 -6.2 1.5 1.5 -3.5 -6.2 2.9 2.9 13.7 9.7 3.6 3.6 28.1 22.3 4.7 4.7 8.3 4.4 3.7 3.7 20.4 14.6 5.0 5.0 10.8 15.0 -3.6 -3.6 11.3 14.1 -2.5 -2.5 12.4 15.2 -2.4 -2.4 14.6 18.0 -2.9 -2.9 7.1 9.5 -2.1 -2.1 21.7 20.6 .9 .9 19.0 17.9 1.0 1.0 11.3 8.3 2.8 2.8 10.5 6.4 3.8 3.8 10.6 5.9 4.4 4.4 .2 -3.1 3.4 3.5 3.2 .5 2.6 2.7 8.6 3.2 5.2 5.2 0 2.3 -2.2 -2.2 2.5 2.9 -.4 -.4 6.7 5.8 11.4 10.2 1.1 1.1 13.2 10.3 2.7 2.7 8.4 6.3 1.9 1.9 16.5 14.3 1.9 1.9 14.6 13.9 .7 .7 -1.0 2.2 -3.1 -3.1 2.5 4.0 -1.4 -1.4 6.6 7.2 -.5 -.5 16.7 15.9 .6 .6 15.3 12.6 2.4 2.4 7.3 6.0 1.1 1.1 20.8 19.0 1.5 1.5 21.0 21.0 0 0 2.3 2.4 -.1 -.1 2.5 .5 1.9 1.9 7.0 2.8 4.2 4.2 -.3 -2.5 2.2 2.2 8.2 4.6 3.4 3.4 11.2 6.9 4.0 4.0 6.5 3.5 2.9 2.9 -.4 -2.8 2.5 2.5 5.8 11.9 -5.4 -5.4 11.3 10.7 .6 .6 22.5 16.2 5.5 5.4 23.8 16.9 6.0 5.9 16.6 10.7 5.3 5.3 18.3 12.0 5.6 5.6 18.8 18.6 .2 .2 21.4 17.0 3.8 3.8 5.1 11.8 12.7 12.5 25.0 19.0 26.3 19.0 18.0 11.2 18.5 11.2 21.2 20.0 21.2 16.2 1. For some components of final sales of computers, includes computer parts. Seasonally adjusted at annual rates 2000 1999 3.9 -8.2 1.3 -10.6 2.6 2.7 2.6 2.7 Chain-type price index Implicit price deflator Imports of services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Government consumption expenditures and gross investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Federal: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator National defense: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Nondefense: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator State and local: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Addenda: Final sales of domestic product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross domestic purchases: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Final sales to domestic purchasers: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross national product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Command-basis gross national product: Chain-type quantity index Disposable personal income: Current dollars Chained (1996) dollars Final sales of computers': Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross domestic product less final sales of computers: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross domestic purchases less final sales of computers: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 4.6 1. 2.9 2.9 IV 4.4 4.4 6.2 6.2 6.6 6.6 10.1 2.5 7. 7.4 11.5 6.3 4.9 4.9 17.1 16.6 .4 .4 6.6 10.6 -3.6 -3.6 22.7 22.3 .3 .3 3.9 .8 3.2 3.1 8.1 4.8 3.1 3.1 11.8 8.5 3.0 3.0 5.; -1.1 6.4 6.4 7.6 4.8 2.7 2.7 1.5 -1.4 2.9 2.9 3.0 2.0 1.1 1.0 8.9 6.9 1.9 1.9 15.7 -7.5 13. -14, 2.2 7.7 2.2 7.8 17.9 17.2 .6 .6 -6.6 -9.0 2.6 2.6 -1.3 -2.3 1.1 1.0 14.5 12.3 2.0 2.0 15.2 -14.1 12.6 -19.8 2.4 7.1 2.3 7.1 17.8 16.9 .8 .8 -7.0 -9.7 2.9 2.9 11.3 10.! 1.0 1.1 -.4 -2.2 1.8 1.8 16.6 14.4 1.9 1.9 5.3 -3.3 8.9 8.9 18.2 17.8 .4 .4 -6.0 -7.9 2.1 2.1 4.4 .1 4.3 4.3 7.6 3.7 3.8 3.8 12.6 6.6 5.7 5.7 2.6 -1.1 3.8 3.8 6.1 2.9 3.1 3.1 -6.0 -6.0 9.5 12.2 -2.3 -2.3 2000 8.1 6.4 1.6 1.6 10.3 6.7 3.4 3.4 4.1 2.4 1.6 1.6 6.8 5.2 1.6 1.6 6.6 1.7 1.5 10.2 8.4 1.9 1.7 9.6 5.6 3.8 3.8 8.7 6.5 2.1 2.1 5.1 3.0 2.0 2.0 7.3 5.6 1.6 1.6 7.3 5.5 1.7 1.7 8.7 6.6 2.0 2.0 11.6 7.5 3.8 3.8 7.0 4.7 2.1 2.1 5.3 3.2 2.0 2.0 8.1 5.6 2.4 2.4 3.8 2.1 1.6 1.6 5.5 4.2 1.2 1.2 5.7 4.1 1.5 1.5 3.8 2.3 1.5 1.4 6.5 5.5 1.1 .9 9.7 8.3 1.5 1.3 8.6 5.1 3.4 3.4 4.7 4.0 1.8 5.0 8.0 4.7 5.9 1.8 5.9 4.8 5.0 3.2 5.1 2.8 4.2 2.2 4.5 5.5 1.9 5.9 3.7 4.4 2.6 1.2 6.3 26.6 33.3 -1.3 46.0 32.0 18.9 41.5 47.2 56.4 69.9 26.6 76.2 55.4 40.6 -28.5 -27.8 -19.1 -21.8 -22.3 -17.2 -15.1 -15.4 -28.5 -27.8 -19.1 -21.5 -22.0 -17.2 -15.0 -15.4 3.7 1.8 1.8 1.8 10.3 8.1 2.2 2.0 NOTE.—Contributions to the percent change in real gross domestic product are shown in table 8.2. 4.8 2.5 2.2 2.3 D-26 • National Data SURVEY OF CURRENT BUSINESS Table 8.2—Contributions to Percent Change in Real Gross Domestic Product January 2001 Table 8.3.—Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product Seasonally adjusted at annual rates 1998 1999 III Seasonally adjusted at annual rates 2000 1999 1998 IV III Percent change at annual rate: Gross domestic product 4.4 4.2 2.5 5.7 8.3 4.8 5.6 2.2 3.12 3.52 3.67 3.43 4.08 5.03 2.14 2.99 Durable goods Motor vehicles and parts Furniture and household equipment Other .81 .32 .96 .35 1.14 .62 .64 -.02 1.04 .27 1.79 .87 -.42 -.64 .61 .25 .36 .13 .44 .17 .41 .11 .45 .20 .52 .25 .56 .37 .18 .04 .26 .10 Nondurable goods Food Clothing and shoes Gasoline, fuel oil, and other energy goods Other .79 .23 .24 1.10 .39 .29 .75 .24 .14 .97 .41 .24 1.47 .90 1.19 .28 .63 .74 .20 .18 .93 .11 .30 .02 .29 .05 .37 .10 .27 -.02 .34 .48 -.26 .54 .08 .27 .10 .41 1.53 .26 .19 .03 .16 .08 .30 .09 .61 1.46 .25 .17 .01 .16 .10 .26 .13 .55 1.78 .25 .18 -.01 .18 .11 .35 .16 .73 1.81 .25 .39 .23 .16 .14 .36 .18 .49 1.58 .29 -.22 -.32 .10 .11 .36 .10 .94 2.04 .23 .23 .09 .14 .12 .22 .24 1.00 1.83 .27 .42 .27 .16 .11 .30 .23 .50 1.46 .22 .02 -.11 .12 .04 .24 .20 .74 Gross private domestic investment.. 2.06 1.15 .92 3.66 .33 Fixed investment Nonresidential Structures Equipment and software Information processing equipment and software .. Computers and peripheral equipment Software1 Other Industrial equipment Transportation equipment .... Other Residential 1.87 1.54 .22 1.32 1.53 1.26 -.05 1.30 1.43 1.18 -.20 1.38 1.33 1.47 -.19 1.66 1.26 1.22 .29 .94 2.68 2.54 .63 1.91 1.93 1.87 .14 1.73 .55 1.02 .44 .58 1.03 1.21 1.20 .91 1.37 1.28 .84 .40 .25 .01 .27 -.01 .27 .45 .33 .42 .09 .26 -.18 .25 .43 .48 .29 .15 .45 -.13 -.13 .23 .53 .15 .17 -.13 -.02 .03 .34 .39 .63 .26 .06 .23 .14 .53 .39 .37 .22 .08 .15 .06 .41 .40 .03 .14 -.35 -.05 -.47 Change in private inventories Farm Nonfarm .20 -.02 .22 -.37 -1.42 -.01 .01 -.37 -1.44 1.17 -.14 1.32 1.78 -1.76 .49 -.15 1.29 -1.60 1.73 .10 1.63 -.22 -.05 -.17 -.94 -1.00 -.90 Services Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other 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 Addenda: Goods Services Structures Motor vehicle output Final sales of computers2 .38 .37 .13 .08 .21 .15 .33 .01 2.50 3.04 -1.20 -1.03 -1.35 -1.08 -.37 .32 .67 1.48 1.45 .26 .60 1.05 1.09 .94 .18 .30 .51 1.13 .46 1.37 1.54 .11 -.09 .02 .08 .15 .21 .08 -.08 -1.46 -1.35 -1.95 -2.13 -1.45 -1.61 -2.48 -2.35 -1.21 -1.32 -1.89 -1.99 -1.28 -1.28 -2.26 -1.90 -.24 -.04 -.05 -.13 -.17 -.33 -.22 -.44 .38 .59 .13 1.50 -.18 .85 -.24 -.03 -.07 -.09 .02 .04 -.02 .06 .16 .07 .12 -.09 -.20 .10 .21 -.06 .27 .41 .46 .36 .10 -.05 .01 -.06 .79 .48 .46 .03 .30 .10 .20 -.93 -.86 -.82 -.04 -.07 .05 -.12 .97 .60 .57 .03 .37 .25 .12 -.57 -.38 -.34 -.04 -.18 -.15 -.03 .33 .43 .26 .17 .01 .24 -.23 .43 .31 .12 .71 .30 .41 .75 .29 .46 -.12 .25 -.37 .33 .26 .07 2.32 1.49 .56 .28 .38 2.28 1.64 .30 .34 .40 1.14 1.63 -.31 .06 .44 3.92 2.09 -.31 .45 .55 5.14 2.45 .67 .31 .25 2.41 1.34 1.09 .01 .60 3.18 2.75 -.28 -.16 .50 1.57 .67 -.05 -.64 .40 .04 .04 1. Excludes software "embedded," or bundled, in computers and other equipment. 2. For some components of final sales of computers, includes computer parts. NOTE.—The quantity indexes on which the estimates in this table are based are shown in tables 7.1, 7.2, 7.4, 7.6, 7.9, 7.11, and 7.17. 2000 IV Percent change at annual rate: Percentage points at annual rates: Personal consumption expenditures 1999 Personal consumption expenditures 4.7 5.3 5.6 1.22 1.45 .48 .55 .19 .53 .66 .26 1.18 .34 .37 5.0 5.9 7.6 3.1 4.5 1.71 .95 1.52 2.67 -.64 .91 .62 .16 -.03 .67 .30 .39 .77 .36 1.29 .83 .55 -.95 .26 .06 .37 .39 .15 1.64 1.14 1.43 2.14 1.81 1.06 1.39 .59 .43 .38 .21 .61 .35 1.32 .44 .94 .29 .27 .45 .03 .05 -.02 .44 .07 .05 .02 .55 .15 .11 .04 .41 -.03 -.05 .02 .50 .12 .17 -.05 .70 -.38 -.34 -.04 .81 .12 .07 .05 .39 .15 .12 .04 .62 2.30 2.20 2.71 2.67 2.27 3.10 2.64 2.19 .38 .26 .02 .24 .14 .39 .20 .83 .39 .27 -.01 .28 .17 .54 .24 1.10 .37 .57 .34 .23 .21 .53 .27 .72 .42 -.34 -.48 .14 .16 .51 .15 1.37 .36 .35 .14 .21 .18 .34 .36 1.51 .38 .62 .39 .23 .16 .42 .33 .73 .33 .03 -.16 .19 .06 .36 .30 1.11 Percentage points at annual rates: Durable goods Motor vehicles and parts , Furniture and household equipment Other Nondurable goods Food Clothing and shoes Gasoline, fuel oil, and other energy goods Gasoline and oil Fuel oil and coal Other Services Housing Household operation Electricity and gas Other household operation Transportation Medical care Recreation Other Addenda: Energy goods and servicesl Personal consumption expenditures less food and energy 4.28 .09 .14 .31 -.35 -.24 .51 -.01 4.62 5.05 4.13 4.96 7.38 2.27 4.32 1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas. NOTE.—The quantity indexes on which the estimates in this table are based are shown in table 7.4. The estimates in this table differ from those in table 8.2 because this table shows contributions to real personal consumption expenditures, whereas table 8.2 shows contributions to real gross domestic product. National Data • SURVEY OF CURRENT BUSINESS January 2001 Table 8.6.—Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment by Type Table 8.4.—Contributions to Percent Change in Real Private Fixed Investment by Type Seasonally adjusted at annual rates 1998 1999 III Seasonally adjusted at annual rates 2000 1999 1998 1999 III Structures Nonresidential buildings, including farm Utilities Mining exploration, shafts, and wells Other structures Equipment and software Information processing equipment and software Computers and peripheral equipment1 Software2 Other Industrial equipment Transportation equipment Other Residential Structures Single family Multifamily Other structures Equipment 9.2 8.7 7.8 9.71 7.54 7.12 8.58 1.41 .96 .60 7.2 16.4 11.2 3.1 7.04 15.37 10.83 5.71 -.28 -1.11 -1.09 1.66 3.80 2.47 -.13 -1.64 -1.20 .04 -.04 .11 .53 .11 3.26 .26 .84 -.50 .83 .66 .92 .10 .43 -15 .63 -.12 .57 .41 -.16 0 -.23 .04 .28 .28 .19 -.20 8.31 7.82 8.23 9.67 5.38 11.57 9.97 3.24 5.53 6.21 7.13 6.95 5.26 8.15 7.37 4.68 2.38 2.34 .82 .53 1.33 .92 2.50 2.77 1.68 .86 2.60 -.73 1.35 3.04 .87 1.00 -.78 -.10 2.02 2.38 3.75 1.59 .45 1.38 2.07 2.33 2.68 2.40 1.95 1.49 2.50 .06 .54 1.62 1.57 -.07 -1.00 1.62 1.56 -.74 .18 1.00 3.01 2.28 2.24 2.21 .18 2.12 .78 1.26 .49 -1.94 .85 -.27 .41 -2.61 2.04 1.36 -.02 .70 1.57 .86 .12 .60 1.49 .31 -.08 1.26 -.78 -.77 .06 -.07 .03 .05 .07 .04 .14 .91 .90 2.02 -.08 .25 -.68 -1.35 .04 .09 .40 -.54 -.04 .97 -2.62 -2.20 -.50 .01 .01 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. NOTE—The quantity indexes on which the estimates in this table are based are shown in table 7.6. The estimates in this table differ from those in table 8.2 because this table shows contributions to real private fixed investment, whereas table 8.2 shows contributions to real gross domestic product. Table 8.5.—Contributions to Percent Change in Real Exports and in Real Imports of Goods and Services by Type of Product Percent change at annual rate: Exports of goods and services 2.3 2.9 5.8 10.2 10.3 6.3 14.3 13.9 Percentage points at annual rates: Exports of goods l Foods, feeds, and beverages Industrial supplies and materials Capital goods, except automotive .... Automotive vehicles, engines, and parts Consumer goods, except automotive Other Exports of services ' 1.55 2.78 4.99 10.82 8.84 4.31 13.13 14.47 -.05 -.17 1.32 .13 .12 1.72 1.09 1.48 1.18 1.38 .95 6.98 -.41 2.80 2.95 .29 -.12 .54 1.47 1.04 11.95 1.71 3.03 7.12 -.10 .20 .36 .22 .18 .40 .88 .07 .30 .93 .51 .07 -.04 1.11 2.44 1.03 1.37 .04 -.11 .52 -.58 .28 1.19 1.14 .70 .15 .85 -.64 1.43 1.99 1.21 -.62 11.9 10.7 16.2 16.9 10.7 12.0 18.6 17.0 9.86 10.39 15.66 15.77 9.42 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 .... Petroleum and products Capital goods, except automotive .... Automotive vehicles, engines, and parts Consumer goods, except automotive Other Imports of services ! .28 .34 .62 1.39 .41 3.51 .60 0 3.58 2.48 .91 2.00 .40 9.52 16.85 13.86 .10 -.01 .43 .61 1.49 1.22 6.42 1.48 1.69 -.29 -2.41 5.14 4.13 .64 1.95 3.33 -.23 2.54 7.77 1.42 -.34 6.02 2.60 2.19 1.08 2.22 2.31 1.39 4.02 3.70 1.32 .37 1.57 2.94 2.60 2.60! -.55 .58 5.13 .62 2.03 1.28 2.83 .29 .55 1.13 1.30 1.71 3.19 2.45 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment were reclassified from goods to services. NOTE.—The quantity indexes on which the estimates in this table are based are shown in table 7.10. The estimates in this table differ from those in table 8.2 because this table shows contributions to real exports and to real imports, whereas table 8.2 shows contributions to real gross domestic product. Because imports are subtracted in the calculation of gross domestic product, the contributions of components of real imports have opposite signs in this table and in table 8.2. 2000 IV Percent change at annual rate: 11.8 Percentage points at annual rates: Nonresidential 1999 IV Percent change at annual rate: Private fixed investment D-27 Government consumption expenditures and gross investment[ 2.1 3.3 0.8 4.8 8.5 -1.1 4.8 -1.4 Percentage points at annual rates: Federal National defense Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital 4 Other services Gross investment Structures Equipment and software -.18 -.52 -1.11 .49 .22 -1.82 -.41 -.53 .02 .02 -.57 -.28 -.23 -.02 -.28 .12 -.03 .15 .02 .03 .29 -1.64 .25 .59 -.02 -.03 .27 .62 Nondefense Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital 4 Other services Gross investment Structures Equipment and software .23 -.10 -.09 .08 -.09 .43 .02 .10 .01 -.09 .06 .13 -.28 .33 .07 .25 State and local Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except own-account investment3 Consumption of general government fixed capital 4 ... Other services Gross investment Structures Equipment and software 2.31 1.87 .08 .41 1.38 2.35 4.47 -5.27 5.51 -3.24 2.62 2.04 .36 .44 1.24 2.75 -4.86 2.61 -4.65 -.44 0 -.46 .36 3.51 -5.02 3.42 -2.20 3.25 -1.97 -.05 -.09 -.04 -.24 3.34 -1.63 -.21 -.13 .04 .22 .03 1.12 .58 -.04 .61 .05 .05 3.69 -4.94 .15 -.21 -.01 -.13 .16 -.07 .06 3.24 .17 -.06 .23 .06 -1.91 -.23 1.21 -.32 .01 -.08 -.25 -.26 .06 -.03 -.04 .13 1.72 .59 .01 .30 .28 -.41 .29 .02 -.14 2.09 -1.04 1.41 -.88 0 -.05 -.06 .12 1.47 - . 9 6 .04 -.40 -.21 .27 .43 1.11 -.91 .18 -.31 .41 -.03 .43 .19 -.03 1.52 -.24 1.76 .20 .15 -.33 .02 -.35 .20 -.19 1.13 .21 .92 .21 -.23 -.70 -.18 -.52 .20 .15 .68 -.09 .77 .20 -.25 -.16 -.06 -.10 2.46 1.50 .06 .29 1.14 .07 1.39 .06 .29 1.04 2.43 1.75 .05 .32 1.38 4.04 1.72 .08 .34 1.30 4.17 1.60 .06 .29 1.25 1.40 .06 .31 1.04 1.87 1.49 .06 .30 1.13 .43 .67 .77 .52 .55 .32 .29 -1.31 -1.74 .43 -.24 .52 .36 .43 2.31 1.84 .47 .35 .37 .13 .15 2.57 -2.09 2.18 -2.56 .40 .48 -.23 .38 .09 .38 -.07 .44 1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods transferred to foreign countries by the Federal Government. 3. Compensation of government employees engaged in new own-account investment and related expenditures for goods and services are classified as investment in structures and in software. 4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net return on these assets. NOTE.—The quantity indexes on which the estimates in this table are based are shown in table 7.11. The estimates in this table differ from those in table 8.2 because this table shows contributions to real government consumption expenditures and gross investment, whereas table 8.2 shows contributions to real gross domestic product. D-28 • National Data January 2001 SURVEY OF CURRENT BUSINESS Table 8.7.—Selected Per Capita Product and Income Series in Current and Chained Dollars [Dollars] Seasonally adjusted at annual rates 1998 1999 Current dollars: Gross domestic product Gross national product Personal income Disposable personal income Personal consumption expenditures Durable goods Nondurable goods Services 32,489 32,476 27,317 23,359 21,625 2,565 6,311 12,749 34,063 34,023 28,534 24,314 22,962 2,789 6,760 13,414 33,716 33,680 28,353 24,196 22,791 2,774 6,696 13,321 34,176 34,127 28,643 24,384 23,123 2,807 6,805 13,511 34,892 34,843 29,098 24,728 23,528 2,875 6,972 13,681 35,528 35,500 29,529 25,014 24,122 3,010 7,154 13,958 36,158 36,128 29,965 25,322 24,381 2,961 7,262 14,158 36,410 36,377 30,279 25,535 24,701 2,991 7,367 14,342 Chained (1996) dollars: Gross domestic product Gross national product Disposable personal income Personal consumption expenditures Durable goods Nondurable goods Services 31,474 31,472 22,672 20,989 2,688 6,227 12,084 32,512 32,485 23,191 21,901 2,996 6,518 12,421 32,218 32,194 23,133 21,789 2,973 6,474 12,374 32,584 32,546 23,203 22,003 3,023 6,535 12,480 33,156 33,123 23,404 22,268 3,109 6,636 12,567 33,485 33,470 23,472 22,635 3,272 6,720 12,703 33,880 33,861 23,639 22,761 3,224 6,766 12,822 33,980 33,956 23,732 22,956 3,275 6,828 12,908 Population (mid-period, thousands) 2000 1999 270,560 272,996 272,619 273,315 273,980 274,508 275,059 275,735 Table 8.8B.-Motor Vehicle Output Table 8.9B.-Real Motor Vehicle Output [Billions of dollars] [Billions of chained (1996) dollars] Seasonally adjusted at annual rates 1998 1999 Motor vehicle output Auto output Truck output1 Final sales of domestic product Personal consumption expenditures New motor vehicles Autos Light trucks Net purchases of used autos Private fixed investment New motor vehicles Autos Trucks Light trucks Other Net purchases of used autos Gross government investment Autos New trucks Net exports Exports Autos Trucks Imports Autos Trucks Change in private inventories Autos New Domestic Foreign Used New trucks Domestic Foreign Addenda: Final sales of motor vehicles to domestic purchasers Private fixed investment in new autos and new light trucks Domestic output of new autos2 Sales of imported new autos3 314.9 127.3 187.5 314.3 229.4 174.1 87.8 86.4 55.3 140.2 175.2 75.6 99.6 66.9 32.7 -35.0 12.4 3.8 8.6 -67.7 26.7 16.2 10.5 94.3 79.4 15.0 .5 3.0 2.3 1.3 1.0 .7 -2.5 -2.3 -.1 346.6 126.1 220.5 336.3 254.2 195.4 97.3 98.1 58.7 159.9 195.5 79.7 115.8 76.7 39.0 -35.6 13.0 3.9 9.0 -90.8 26.0 16.5 9.5 116.7 96.3 20.4 10.3 1.8 1.6 .3 1.3 8.5 8.1 .5 338.6 124.1 214.5 338.2 256.3 195.9 98.0 97.9 60.3 157.8 193.4 81.1 112.3 73.9 38.4 -35.6 11.2 3.5 7.7 -87.1 26.3 17.0 9.3 113.3 92.8 20.5 -7.4 -5.1 -5.7 .5 -2.3 7.8 8.2 -.4 III IV 352.6 125.4 227.2 340.3 256.4 196.2 96.7 99.5 60.2 166.3 204.0 82.6 121.4 81.7 39.7 -37.6 13.5 4.3 9.2 -96.0 25.6 15.8 9.8 121.6 100.9 20.7 12.3 4.3 3.0 2.4 .7 1.3 8.0 8.9 357.8 128.8 229.1 342.0 260.7 201.8 101.8 100.0 58.9 161.9 197.5 78.4 119.1 78.7 40.5 -35.7 14.9 4.4 10.5 -95.5 26.6 16.7 9.9 122.1 101.0 21.2 15.9 5.2 4.1 1.5 2.6 1.1 10.7 8.6 2.1 355.9 127.2 228.7 358.1 276.2 216.9 107.0 109.8 59.3 166.7 204.1 81.5 122.5 83.7 38.8 -37.4 13.5 3.4 10.1 -98.3 27.3 17.0 10.3 125.6 104.0 21.6 -2.1 .3 -1.5 -3.4 1.9 1.8 -2.4 -2.3 -.2 1998 1999 355.5 339.6 120.6 117.4 234.9 222.2 339.2 332.4 265.2 269.8 206.5 209.1 103.9 100.0 102.5 109.1 58.7 60.7 159.4 155.5 194.2 190.7 75.2 74.5 119.0 116.3 81.7 83.2 37.3 33.1 -34.9 -35.2 12.7 13.1 3.8 5.0 8.9 8.1 -98.1 -106.0 27.8 26.7 17.3 16.5 10.1 10.5 125.8 132.7 106.5 113.4 19.3 19.3 7.2 16.3 9.3 3.0 9.4 2.2 3.4 8.2 -1.2 1.2 .8 -.1 -2.1 13.3 -.7 11.6 1.7 -1.5 382.0 427.0 425.3 436.3 437.5 456.4 437.3 438.4 142.5 156.4 155.0 164.3 157.0 165.3 156.9 114.0 116.8 114.3 119.7 117.1 121.3 118.3 67.8 78.7 78.5 79.5 83.1 82.7 82.3 157.6 118.8 81.5 1. Except for exports and imports, consists of new trucks only. 2. Consists of final sales and change in private inventories of new autos assembled in the United States. 3. Consists of personal consumption expenditures, private fixed investment, and gross government investment. Seasonally adjusted at annual rates 2000 1999 Motor vehicle output Auto output Truck output1 Final sales of domestic product Personal consumption expenditures New motor vehicles Autos Light trucks Net purchases of used autos Private fixed investment New motor vehicles Autos Trucks Light trucks Other Net purchases of used autos Gross government investment Autos New trucks Net exports Exports Autos Trucks Imports Autos Trucks Change in private inventories Autos New Domestic Foreign Used New trucks Domestic Foreign Residual Addenda: Final sales of motor vehicles to domestic purchasers Private fixed investment in new autos and new light trucks Domestic output of new autos2 Sales of imported new autos3 317.9 129.4 188.4 317.5 231.7 173.9 88.4 85.5 57.7 140.4 177.5 76.1 101.5 69.1 32.4 -37.1 12.4 3.7 8.8 -66.9 26.1 16.0 10.1 93.0 78.3 14.7 .6 3.1 2.3 1.4 .9 .8 -2.2 -2.0 -.1 348.2 129.1 218.7 338.6 255.9 195.4 98.8 96.5 60.3 159.0 196.8 80.9 116.0 78.0 37.9 -37.5 12.8 3.8 9.0 -88.6 25.1 16.1 9.0 113.7 94.0 19.7 9.4 1.4 1.2 0 1.2 .2 7.3 6.9 .5 .3 1999 341.6 129.0 212.4 340.7 259.1 196.1 99.6 96.4 62.9 155.8 194.3 82.4 112.0 74.7 37.2 -38.2 11.1 3.4 7.7 -84.9 25.5 16.7 8.8 110.4 90.5 19.9 1.1 -6.9 -4.4 -4.9 .4 -2.5 6.8 7.1 -.4 .7 352.0 126.1 225.3 342.6 257.4 196.3 98.3 97.9 60.9 166.0 205.5 84.0 121.6 83.2 38.4 -39.2 13.4 4.1 9.3 -93.6 24.8 15.6 9.3 118.4 98.4 20.0 9.1 1.8 .4 -.3 .7 1.3 6.8 7.5 2000 359.0 131.2 227.4 344.1 260.9 201.6 103.4 98.1 59.1 162.4 199.4 79.7 119.8 80.3 39.4 -36.7 14.7 4.1 10.6 -93.4 25.5 16.3 9.3 118.9 98.5 20.4 14.4 4.7 3.6 .9 2.6 1.1 9.1 7.2 2.0 .5 359.3 131.0 227.8 361.7 278.3 217.6 109.0 108.4 60.5 166.8 206.2 83.1 123.2 85.5 37.7 -39.1 13.4 3.3 10.1 -96.2 26.0 16.4 9.6 122.2 101.5 20.7 -2.0 .4 -1.5 -3.3 1.8 1.9 -2.1 -2.0 -.2 -1.2 355.2 339.1 122.0 118.6 232.5 219.9 340.0 332.7 265.3 270.0 206.0 209.1 105.3 101.3 100.6 107.6 60.7 59.0 158.8 154.4 195.2 191.1 75.4 76.2 119.1 115.7 82.9 83.8 36.2 32.0 -36.1 -36.3 12.5 12.9 4.7 3.6 8.1 8.9 -95.9 -103.7 26.4 25.3 16.7 15.9 9.7 9.4 122.3 129.0 103.9 110.7 18.5 18.4 6.4 14.7 8.9 2.3 1.5 8.9 2.7 7.8 -1.2 1.1 -.1 .8 11.2 -1.8 9.7 -.5 -1.3 1.6 -1.4 1.0 384.5 427.7 425.9 436.8 438.0 458.5 436.6 437.3 145.1 158.8 157.0 167.0 159.8 168.4 158.9 114.4 117.5 116.2 118.9 117.7 122.6 118.4 68.3 79.9 79.7 80.8 84.5 84.3 83.4 159.1 119.0 82.6 1. Except for exports and imports, consists of new trucks only. 2. Consists of final sales and change in private inventories of new autos assembled in the United States. 3. Consists of personal consumption expenditures, private fixed investment, and gross government investment. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the lines in the addenda. Chain-type quantity indexes for the series in this table are shown in table 7.18B. D-29 National Data SURVEY OF CURRENT BUSINESS January 2001 B. Other NIPA and NIPA-Related Tables Monthly Estimates Tables B.I and B.2 include the most recent estimates of personal income and its components; these estimates were released on December 22, 2000 and include "preliminary" estimates for November 2000 and "revised" estimates for July-October 2000. Table B.1.—Personal Income [Billions of dollars; monthly estimates seasonally adjusted at annual rates] 2000 1999 1999 1998 June July Aug.' Sept' Oct.'' Nov." 7,391.0 7,789.6 7,945.7 7,977.0 7,994.3 8,056.4 8,099.6 8,161.6 8,209.3 8,237.6 8,279.5 8,300.0 8,326.5 8,420.6 8,410.3 8,440.3 4,190.7 3,498.0 1,038.6 756.6 949.1 1,510.3 692.7 4,470.0 3,745.6 1,089.2 782.4 1,020.3 1,636.0 724.4 4,559.6 3,827.4 1,110.7 797.5 1,041.7 1,675.0 732.2 4,572.6 3,838.2 1,109.6 793.4 1,046.5 1,682.1 734.4 4,602.7 3,865.9 1,113.2 794.3 1,060.1 1,692.6 736.9 4,637.4 3,890.6 1,125.9 800.7 1,065.9 1,698.8 746.9 4,657.8 3,908.5 1,128.8 802.9 1,070.7 1,708.9 749.2 4,685.9 3,932.3 1,138.0 804.8 1,076.2 1,718.0 753.6 4,726.9 3,969.9 1,148.3 813.2 1,091.5 1,730.2 757.0 4,730.0 3,966.6 1,142.2 809.4 1,090.2 1,734.2 763.4 4,763.5 4,003.4 1,150.7 816.7 1,105.5 1,747.2 760.1 4,789.1 4,025.3 1,162.2 824.0 1,112.1 1,751.0 763.8 4,797.8 4,032.5 1,158.8 819.7 1,113.2 1,760.5 765.3 4,827.8 4,060.8 1,163.2 820.3 1,129.0 1,768.6 767.0 4,861.5 4,092.9 1,173.3 827.5 1,138.9 1,780.7 768.6 4,878.4 4,109.9 1,179.7 830.9 1,145.8 1,784.4 768.4 Other labor income 485.5 501.0 505.8 507.4 509.0 511.8 514.1 516.2 518.4 520.5 522.5 525.1 527.6 530.0 532.1 534.0 Proprietors' income with IVA and CCAdj Farm Nonfarm 620.7 25.4 595.2 663.5 25.3 638.2 688.9 39.7 649.2 698.8 39.6 659.1 681.2 15.8 665.5 685.1 17.3 667.9 690.0 18.4 671.7 706.6 21.7 684.9 707.0 23.1 683.9 704,7 17.5 687.1 716.9 23.7 693.2 706.0 17.5 688.5 712.3 14.7 697.7 756.0 62.9 693.1 713.8 16.7 697.0 714.7 16.0 698.7 Wage and salary disbursements Private industries Goods-producing industries Manufacturing Distributive industries Service industries Government ... Oct. Nov. Dec. Feb. Jan. Apr. Mar. May Rental income of persons with CCAdj 135.4 143.4 146.5 148.0 144.1 144.4 145.3 147.0 144.3 140.0 138.1 136.0 134.5 144.0 135.1 135.7 Personal dividend income 351.1 370.3 378.0 380.2 382.4 384.7 387.0 388.9 390.6 392.4 394.8 397.2 399.6 402.2 404.7 407.1 Personal interest income 940.8 963.7 984.4 989.5 993.1 1,002.1 1,011.4 1,021.2 1,026.1 1,030.9 1,036.8 1,040.0 1,042.4 1,046.1 1,049.7 1,053.5 Transfer payments to persons Old-age, survivors, disability and health insurance benefits Government unemployment insurance benefits Other 983.0 578.0 19.5 385.4 1,016.2 588.0 20.3 407.9 1,027.0 593.1 20.5 413.4 1,026.0 591.3 20.3 414.4 1,029.2 593.9 19.6 415.7 1,042.5 605.0 20.2 417.3 1,047.3 607.7 20.5 419.1 1,050.9 611.1 19.7 420.1 1,053.8 613.4 19.4 420.9 1,077.3 634.4 19.3 423.5 1,067.3 625.0 19.4 422.9 1,068.7 623.5 19.8 425.4 1,074.9 627.2 20.0 427.8 1,079.1 630.9 20.1 428.1 1,080.5 629.0 20.0 431.5 1,084.9 633.4 20.0 431.5 Less: Personal contributions for social insurance 316.2 338.5 344.6 345.5 347.5 351.8 353.2 355.2 357.9 358.2 360.4 362.1 362.6 364.6 366.9 368.0 IVA Inventory valuation adjustment. Source: U.S. Department of Commerce, Bureau of Economic Analysis. p Preliminary. r Revised. CCAdj Capital consumption adjustment. Table B.2.—The Disposition of Personal Income [Monthly estimates seasonally adjusted at annual rates] 2000 Oct. Nov. Dec. Jan. Feb. 7,945.7 1,185.6 6,760.0 6,625.5 6,399.3 778.2 1,891.1 3,730.0 198.6 27.6 134.5 7,977.0 7,994.3 8,056.4 8,161.6 8,209.3 1,195.4 1,210.9 1,225.7 1,241.1 1,251.2 1,269.6 6,781.6 6,783.4 6,830.6 6,858.5 6,910.4 6,939.7 Apr. June July" Aug.' Sepf Oct. Nov./7 8,237.6 8,279.5 8,300.0 8,326.5 8,420.6 8,410.3 8,440.3 1,274.1 1,287.9 1,293.6 1,308.7 1,322.0 1,335.1 1,344.5 6,963.5 6,991.5 7,006.4 7,017.8 7,098.6 7,075.2 7,095.8 May Billions of dollars, unless otherwise indicated Personal income 7,391.0 7,789.6 Less: Personal tax and nontax payments .... 1,070.9 1,152.0 Equals: Disposable personal income 6,320.0 6,637.7 Less: Personal outlays 6,054.7 6,490.1 5,850.9 693.9 1,707.6 3,449.3 6,268.7 761.3 1,845.5 3,661.9 179.8 24.0 194.8 26.6 Personal consumption expenditures .. Durable goods Nondurable goods Services Interest paid by persons Personal transfer payments to the rest of the world (net) Equals: Personal saving Addenda: Disposable personal income: Billions of chained (1996) dollars1 Per capita: Current dollars Chained (1996) dollars Population (thousands) Personal consumption expenditures: Billions of chained (1996) dollars Durable goods Nondurable goods Services Implicit price deflator, 1996=100 Personal saving as percentage of disposable personal income2 6,735.7 6,791.7 6,906.2 6,920.2 6,972.9 7,017.3 7,045.5 7,101.3 7,127.3 7,152.0 6,433.2 786.9 1,899.3 3,747.0 6,506.3 797.6 1,940.2 3,768.4 6,558.9 820.2 1,937.1 3,801.6 6,635.0 834.2 1,965.4 3,835.4 6,671.3 824.3 6,683.7 819.2 1,989.2 3,875.3 6,702.1 812.2 1,994.6 3,895.3 6,733.1 811.5 2,009.1 3,912.5 6,775.2 817.3 2,023.9 3,934.0 6,856.2 835.8 2,044.8 3,975.6 2,052.3 4,002.2 6,904.5 815.9 2,053.0 4,035.6 200.2 27.6 201.8 27.6 204.3 28.5 205.2 28.5 206.4 28.5 208.1 28.3 209.5 28.3 211.4 28.3 212.7 29.5 6,801.2 821.1 2,025.7 3,954.3 214.8 29.5 215.6 29.5 217.4 29.5 218.1 29.5 23.6 18.7 -10.9 -27.7 -2.7 -52.1 -56.2 6,513.2 6,531.9 6,585.9 6,553.6 47.7 -10.3 6,134.1 6,331.0 6,403.8 6,420.7 6,412.0 6,438.7 23,359 22,672 270,560 24,314 23,191 272,996 24,691 23,390 273,782 24,752 23,435 273,984 24,741 23,387 274,174 24,898 24,985 25,159 25,248 25,317 25,399 25,432 25,451 25,722 25,617 23,469 23,442 23,504 23,587 23,658 23,670 23,642 23,689 23,864 23,729 274,347 274,503 274,674 274,859 275,054 275,264 275,496 275,738 275,970 276,191 25,673 23,732 5,678.7 727.3 1,684.8 103.03 5,978.8 817.8 1,779.4 3,390.8 104.85 6,062.1 840.0 1,801.6 3,431.2 105.56 850.6 1,810.9 3,441.2 105.62 6,150.0 864.8 1,841.7 3,456.8 105.79 4.2 2.2 2.0 1.8 6,182.6 890.4 1,836.6 3,471.7 106.09 0.6 0.7 6,434.9 6,455.9 6,483.2 6,507.4 6,225.2 907.3 1,847.6 3,488.3 106.58 6,232.5 896.9 1,850.1 3,501.5 107.04 6,244.0 891.5 1,853.6 3,513.9 107.04 6,263.1 883.0 1,863.8 3,529.6 107.01 6,274.8 885.5 1,866.0 3,536.7 107.30 6,298.3 892.8 1,877.0 3,542.7 107.58 6,330.3 900.2 1,885.4 3,559.4 107.45 6,360.9 916.5 1,885.4 3,575.8 107.80 6,373.2 906.6 1,893.7 3,587.6 107.97 6,382.4 894.7 1,892.0 3,607.8 108.19 -0.1 0.1 0.3 0.3 0.3 -0.2 -0.4 0.0 -0.7 -0.8 Percent change from preceding period, monthly changes at monthly rates 5.4 1.3 0.4 0.2 0.8 0.5 0.8 0.6 0.3 0.5 0.2 0.3 1.1 -0.1 0.4 Disposable personal income: Current dollars Chained (1996) dollars 5.0 3.2 1.4 1.2 0.3 0.3 0.0 -0.1 0.7 0.4 0.4 -0.1 0.8 0.3 0.4 0.4 0.3 0.4 0.4 0.1 0.2 0.0 0.2 0.3 1.2 0.8 -0.3 -0.5 0.3 0.1 Personal consumption expenditures: Current dollars Chained (1996) dollars 7.1 5.3 0.6 0.5 0.5 0.5 1.1 1.0 0.8 0.5 1.2 0.7 0.5 0.1 0.2 0.2 0.3 0.3 0.5 0.2 0.6 0.4 0.4 0.5 0.8 0.5 0.4 0.2 0.3 0.1 Personal income, current dollars p Preliminary. ' Revised. 1. Disposable personal income in chained (1996) dollars equals the current-dollar figure divided by the implicit price deflator for personal consumption expenditures. 2. Monthly estimates equal personal saving for the month as a percentage of disposable personal income for that month. Source: U.S. Department of Commerce, Bureau of Economic Analysis, D-30 m National Data January 2001 SURVEY OF CURRENT BUSINESS Annual Estimates Except as noted for table B.3 below, these tables are derived from the NIPA tables that were published in the August 2000 SURVEY OF CURRENT BUSINESS; they are consistent with the most recent comprehensive and annual revisions. Table B.3.—Gross Domestic Product by Industry, Current-Dollar and Real Estimates for 1997-99 Billions of dollars 1997 Gross domestic product Private industries 1998 1999 Billions of chained (1996) dollars 1997 8,318.4 8,790.2 9,299.2 8,159.5 8,515.7 8,875.8 7,253.6 7,684.4 8,140.8 7,151.2 7,499.9 7,860.7 130.0 88.3 41.7 127.2 80.8 46.5 125.4 74.2 51.2 143.7 103.6 40.3 144.0 100.2 43.2 150.9 106.3 44.4 Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels 118.9 5.6 10.6 91.9 10.8 105.6 5.1 11.3 77.4 11.8 111.8 5.5 11.3 82.8 12.3 117.0 6.3 11.2 89.1 10.4 126.2 7.3 12.5 94.9 11.5 121.9 8.6 13.1 89.1 11.4 Construction 338.2 378.1 416.4 324.6 345.8 361.1 Manufacturing 1,379.6 1,436.0 1,500.8 1,387.2 1,446.4 1,529.4 Durable goods 791.2 833.4 877.8 813.0 892.4 970.5 41.2 41.4 39.5 39.5 40.8 Lumber and wood products 44.1 22.7 24.1 22.1 22.7 23.6 Furniture and fixtures 25.9 37.2 38.2 36.6 35.9 36.9 Stone, clay, and glass products 41.0 52.6 54.1 52.7 54.7 60.7 54.9 Primary metal industries 97.6 102.2 105.5 96.2 96.7 95.9 Fabricated metal products 143.2 150.8 158.2 158.4 187.0 216.6 Industrial machinery and equipment 165.9 172.8 186.6 182.2 225.1 276.8 Electronic and other electric equipment ... 96.5 107.2 114.5 97.1 107.0 110.4 Motor vehicles and equipment 55.5 59.2 54.8 57.5 56.3 59.6 Other transportation equipment 53.6 57.7 49.8 49.2 48.8 60.0 Instruments and related products 25.2 25.7 24.8 24.6 26.0 27.6 Miscellaneous manufacturing industries ... 588.4 602.6 623.1 574.7 557.9 566.9 Nondurable goods 123.1 124.8 131.4 118.1 115.0 117.1 Food and kindred products 15.4 16.8 13.9 11.5 7.0 19.9 Tobacco products 25.7 25.4 25.0 23.6 22.9 25.3 Textile mill products 26.5 25.8 26.5 25.0 23.6 25.5 Apparel and other textile products 53.8 55.1 58.3 55.3 56.0 57.0 Paper and allied products 91.1 94.0 86.4 84.0 84.3 99.0 Printing and publishing 164.8 168.4 176.3 164.2 159.8 168.6 Chemicals and allied products 31.4 32.9 25.6 26.6 34.9 28.6 Petroleum and coal products Rubber and miscellaneous plastics 54.4 53.2 52.1 55.1 55.8 53.8 products 4.0 4.2 4.2 4.2 4.0 4.3 Leather and leather products 688.4 261.8 23.0 14.9 99.4 13.1 78.6 5.8 728.0 287.8 25.4 16.2 109.3 14.1 88.2 6.1 779.6 303.4 23.4 17.1 116.6 14.4 95.0 6.6 668.7 248.9 22.8 14.7 90.5 13.2 75.2 6.2 686.4 257.1 23.9 15.6 90.7 13.5 79.0 6.5 752.3 272.4 22.8 17.2 95.7 12.5 87.5 7.2 1. The current-dollar statistical discrepancy equals gross domestic product (GDP) measured as the sum of expenditures less gross domestic income—that is, GDP measured as the costs incurred and profits earned in domestic production. The chained (1996) dollar statistical discrepancy equals the current-dollar statistical discrepancy deflated by the implicit price deflator for gross domestic business product. 2. Equals GDP in chained (1996) dollars less the statistical discrepancy and the sum of GDP by industry of 1997 1998 1999 27.1 220.8 166.7 54.1 205.9 28.5 234.1 173.9 60.2 206.0 30.2 260.2 195.1 65.1 216.0 Wholesale trade 566.8 610.9 Retail trade 740.5 796.8 1998 1999 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing .... Transportation and public utilities Transportation Railroad transportation Local and interurban passenger transit .... Trucking and warehousing Water transportation Transportation by air Pipelines, except natural gas Billions of dollars Transportation services Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services Billions of chained (1996) dollars 1997 1998 1999 26.4 217.7 167.9 49.9 202.0 28.2 232.0 180.9 51.4 197.4 30.1 264.6 215.1 51.9 216.3 643.3 584.1 665.3 709.3 856.4 745.3 805.5 847.3 Finance, insurance, and real estate Depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Nonfarm housing services Other real estate Holding and other investment offices 1,569.9 1,689.5 1,792.1 1,520.8 1,605.9 1,692.1 273.9 292.7 305.3 246.1 249.5 255.0 48.4 53.1 49.9 53.6 45.3 52.5 120.8 135.3 152.1 128.4 153.7 207.8 146.1 154.4 165.0 135.5 139.9 142.6 52.6 48.5 48.9 51.3 56.9 50.5 920.1 969.2 1,034.0 903.7 933.5 973.5 679.1 714.6 756.8 661.1 674.2 694.6 241.0 254.6 277.2 243.0 260.1 280.7 36.8 25.1 5.8 7.7 33.5 21.5 Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Health services Legal services Educational services Social services Membership organizations Other services Private households 1,691.5 1,837.1 1,986.9 1,632.2 1,704.4 1,772.6 64.7 70.5 76.0 83.5 65.5 67.3 49.2 51.0 55.4 58.2 52.2 53.1 395.5 447.1 510.8 384.1 417.4 463.5 69.8 72.8 80.9 86.8 74.8 78.3 21.1 22.3 24.5 25.8 21.6 20.5 25.8 26.3 28.8 29.8 27.8 27.2 62.9 64.9 72.2 78.7 67.4 70.7 472.2 492.6 514.2 459.5 462.0 463.5 109.0 116.4 125.1 104.3 107.0 111.9 66.7 61.2 61.2 71.1 58.7 61.2 57.1 52.0 52.6 61.3 50.5 53.0 54.0 49.0 51.6 57.4 49.0 50.8 229.7 251.5 272.8 221.2 233.9 241.9 14.0 13.3 12.0 11.5 11.7 10.6 Statistical discrepancy1 Government 29.7 -24.8 -71.9 29.2 -24.1 -69.0 1,064.8 1,105.8 1,158.4 1,035.5 1,049.8 1,070.4 Federal General government Government enterprises . 354.7 295.4 59.2 360.7 298.6 62.1 375.4 309.5 65.9 347.2 287.9 59.4 348.4 286.4 62.2 352.6 286.5 66.4 State and local General government Government enterprises . 710.1 649.2 60.9 745.2 680.7 64.4 783.0 715.5 67.5 688.3 629.3 58.9 701.3 642.2 59.1 717.7 655.4 62.2 -33.3 -51.1 -116.8 Not allocated by industry2 .. the detailed industries. The value of not allocated by industry reflects the nonadditivity of chained-dollar estimates and the differences in source data used to estimate real GDP by industry and the expenditures measure of real GDP. NOTE.-Estimates are based on the 1987 Standard Industrial Classification. The table is derived from tables 1 and 6 in "Gross Domestic Product by Industry for 1997-99" in the December 2000 SURVEY. January 2001 D-31 National Data SURVEY OF CURRENT BUSINESS Table B.4.—Personal Consumption Expenditures by Type of Expenditure Personal consumption expenditures 1998 1997 1998 862.0 486.5 316.6 8.5 .5 49.8 710.9 900.2 504.2 332.2 8.9 .5 54.4 58.1 43.2 63.1 44.8 Clothing, accessories, and jewelry Shoes (n.d.) Clothing and accessories except shoes2 Women's and children's (n.d.) Men's and boys' (n.d.) Standard clothing issued to military personnel (n.d) Cleaning, storage, and repair of clothing and shoes (s Jewelry and watches (d.) Other Ms.) 348.0 40.1 231.3 148.0 83.3 .3 13.2 41.2 22.0 368.3 41.7 244.4 156.2 88.2 .3 13.5 44.2 24.2 76.1 50.6 25.5 80.5 53.4 27.1 842.1 477.6 308.0 8.3 .5 47.6 858.8 488.6 315.3 8.5 .5 46.2 887.8 506.9 329.9 8.5 .5 43.4 737.3 57.2 41.8 61.8 42.1 66.4 42.2 397.2 43.3 263.4 168.7 94.7 .3 14.2 48.8 27.3 348.8 40.1 231.2 148.4 82.8 .3 12.8 42.9 21.4 376.3 411.5 88.5 .3 13.0 47.8 23.4 95.7 .3 13.5 54.0 25.8 57.5 28.5 75.2 50.5 24.7 78.2 52.5 25.7 81.9 55.7 26.2 182.9 5.9 32.2 183.7 5.7 33.4 641.1 56.6 32.8 28.9 57.0 36.8 963.8 531.8 356.3 9.1 .5 66.0 782.3 Housing Owner-occupied nonfarm dwellings—space rent4 (s.) Tenant-occupied nonfarm dwellings—rent5 (s.) Rental value of farm dwellings (s.) Other6 (s.) 810.5 585.5 186.1 6.4 32.5 6.7 35.0 7.0 37.5 787.2 569.0 181.0 6.0 31.1 Household operation Furniture, including mattresses and bedsprings (d.) Kitchen and other household appliances7 (d.) China, glassware, tableware and utensils (d.) Other durable house furnishings8 (d.) Semidurable house furnishings9 (n.d.) Cleaning and polishing preparations, and miscellaneou household supplies and paper products (n.d) Stationery and writing supplies (n.d.) Household utilities Electricity (s.) Gas(s.) Water and other sanitary services (s.) Fuel oil and coal (n.d.) Telephone and telegraph (s.) Domestic service (s.) Other 10 (s.) 617.8 53.8 30.8 27.2 53.5 33.1 643.8 56.4 32.2 29.2 57.4 35.2 682.5 60.3 34.5 31.8 62.8 38.3 611.6 53.8 30.9 27.3 53.3 33.8 57.1 23.1 189.8 96.2 32.7 46.5 14.4 121.7 17.4 45.7 50.9 19.2 184.1 93.5 34.1 41.6 15.0 104.7 13.5 40.1 52.1 19.9 186.1 99.6 30.8 42.1 14.0 114.4 15.1 41.5 Medical care Drug preparations and sundries11 (n.d.) Ophthalmic products and orthopedic appliances (d.) .. Physicians (s.) Dentists (s.) Other professional services12 (s.) Hospitals and nursing homes" Hospitals Nonprofit (s.) Proprietary (s.) Government (s.) Nursing homes (s.) Health insurance Medical care and hospitalization14 (s.) Income loss 15 (s.) Workers' compensation16 (s.) 984.4 1,040.9 1,102.6 121.8 110.6 136.8 20.6 19.1 22.1 221.2 208.8 232.3 55.0 51.9 57.8 132.3 125.9 137.2 428.7 408.9 451.8 355.1 339.6 375.0 233.1 221.7 245.5 42.6 41.5 46.0 79.3 76.3 83.5 73.6 69.3 76.8 61.3 59.3 64.6 51.7 48.5 55.2 1.4 1.2 1.5 8.3 9.6 7.8 963.2 109.0 18.9 206.0 49.6 121.1 401.1 334.2 217.3 41.2 75.7 66.8 57.8 46.7 .9 10.2 997.0 1,030.0 127.2 117.4 21.2 19.9 219.5 213.7 50.6 50.5 126.8 124.3 422.3 410.4 353.4 342.0 228.2 222.0 44.5 41.9 80.8 78.1 68.9 68.3 62.7 61.0 50.2 48.2 Personal business 489.0 586.2 462.1 51.4 20.0 188.1 93.8 36.6 42.6 15.1 105.0 13.9 41.2 53.5 21.4 185.8 96.1 32.4 44.5 12.8 113.0 16.0 43.6 533.7 36.0 32.2 63.1 40.5 54.6 21.7 189.4 100.3 30.9 43.0 15.5 126.3 16.0 42.0 1. Consists of purchases (including tips) of meals and beverages from retail, service, and amusement establishments, hotels, dining and buffet cars, schools, school fraternities, institutions, clubs, and industrial lunchrooms. Includes meals and beverages consumed both on- and off-premise. 2. Includes luggage. 3. Consists of watch, clock, and jewelry repairs, costume and dress suit rental, and miscellaneous personal services. 4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting fixtures, kitchen cabinets, linoleum, storm windows and doors, window screens, and screen doors, but excludes rent for appliances and furniture and purchases of fuel and electricity. 5. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture. 6. Consists of transient hotels, motels, clubs, schools, and other group housing. 7. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, room air conditioners, sewing machines, vacuum cleaners, and other appliances. 8. Includes such house furnishings as floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors, art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools. 9. Consists largely of textile house furnishings, including piece goods allocated to house furnishing use. Also includes lamp shades, brooms, and brushes. 10. Consists of maintenance services for appliances and house furnishings, moving and warehouse expenses, postage and express charges, premiums for fire and theft insurance on personal property less benefits and dividends, and miscellaneous household operation services. 11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 12. Consists of osteopathic physicians, chiropractors, private duty nurses, chiropodists, podiatrists, and others providing health and allied services, not elsewhere classified. 13. Consists of (1) current expenditures (including consumption of fixed capital) of nonprofit hospitals and nursing homes, and (2) payments by patients to proprietary and government hospitals and nursing homes. 14. Consists of (1) premiums, less benefits and dividends, for health, hospitalization, and accidental death and dismemberment insurance provided by commercial insurance carriers, and (2) administrative expenses (including consumption of fixed capital) of nonprofit and self-insured health plans. 15. Consists of premiums, less benefits and dividends, for income loss insurance. 16. Consists of premiums, less benefits and dividends, for privately administered workers' compensation. 17. Consists of (1) operating expenses of commercial life insurance carriers, (2) administrative expenses of private noninsured pension plans and publicly administered government employee retirement plans, and (3) premiums, less benefits and dividends, of fraternal benefit societies. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of stock companies and services furnished without payment by banks, credit agencies, and investment companies. For pension and retirement plans, excludes services furnished without payment by banks, credit agencies, and investment companies. 18. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associations, employment agency fees, money order fees, spending for classified advertisements, tax return preparation 1997 1999 5,529.3 5,850.9 6,268.7 5,423.9 5,678.7 5,978.8 Food and tobacco Food purchased for off-premise consumption (n.d.) Purchased meals and beveragesl (n.d.) Food furnished to employees (including military) (n.d.) Food produced and consumed on farms (n.d.) Tobacco products (n.d.) Addenda: Food excluding alcoholic beverages (n.d.) .. Alcoholic beverages purchased for offpremise consumption (n.d.) Other alcoholic beverages (n.d.) Personal care Toilet articles and preparations (n.d.) Barbershops, beauty parlors, and health clubs (s.) 1999 Billions of chained (1996) dollars Billions of dollars Billions of chained (1996) dollars iillions of dollars 1997 Brokerage charges and investment counseling (s.) Bank service charges, trust services, and safe deposit box rental (s.) Services furnished without payment by financial intermediaries except life insurance carriers (s.) Expense of handling life insurance and pension plans17 (s.) Legal services (s.) Funeral and burial expenses (s.) Other18 (s.) Transportation User-operated transportation New autos (d.) Net purchases of used autos (d.) Other motor vehicles (d.) Tires, tubes, accessories, and other parts (d.) Repair, greasing, washing, parking, storage, rental, and leasing (s.) Gasoline and oil (n.d.) Bridge, tunnel, ferry, and road tolls (s.) Insurance19 (s.) Purchased local transportation Mass transit systems (s.) Taxicab(s.) Purchased intercity transportation Railway (s.) Bus(s.) Airline (s.) Other20 (s.) 1998 1999 70.6 1997 1998 1999 50.5 63.5 45.6 243.8 188.4 195.8 209.5 62.3 16.2 31.9 52.8 14.4 25.7 82.9 53.9 14.9 27.2 83.7 54.7 14.4 648.6 599.4 87.8 55.3 104.0 41.7 705.5 654.6 97.3 58.7 119.9 44.8 619.3 573.5 82.4 54.4 146.3 128.1 4.0 36.3 11.6 7.8 3.7 36.2 .7 1.8 29.0 4.7 153.1 115.2 4.2 38.0 12.1 8.0 4.1 37.2 .7 2.1 29.5 4.9 162.1 128.3 456.6 26.3 29.1 53.2 42.8 204.2 222.6 55.0 15.2 26.6 92.2 58.7 16.3 29.1 626.7 578.9 82.5 53.1 656.0 608.5 88.4 57.7 103.2 42.3 649.1 98.8 60.3 117.9 45.7 12.3 8.2 4.0 38.7 .7 2.2 30.7 5.1 3.9 32.5 11.3 7.7 3.6 34.5 .7 1.8 27.3 4.6 148.3 131.2 3.8 33.6 12.0 8.0 4.0 35.6 .7 2.0 28.2 4.7 153.9 134.2 3.8 34.2 12.3 8.3 4.0 37.0 .7 2.0 29.5 4.7 27.8 32.5 57.3 534.9 29.8 37.0 63.1 463.7 26.0 28.8 53.7 26.8 31.5 60.7 567.5 29.2 35.0 71.1 46.4 51.3 43.1 47.2 53.3 Recreation Books and maps (d.) Magazines, newspapers and sheet music (n.d.) Nondurable toys and sport supplies (n.d.) Wheel goods, sports and photographic equipment boats, and pleasure aircraft (d.) Video and audio goods, including musical instruments, and computer goods (d.) Video and audio goods, including musical instruments (d.). Computers, peripherals, and software (d.) Radio and television repair (s.) Flowers, seeds, and potted plants (n.d.) Admissions to specified spectator amusements Motion picture theaters (s.) Legitimate theaters and opera, and entertainments of nonprofit institutions (except athletics) (s.) Spectator sports21 (s.) Clubs and fraternal organizations22 (s.) Commercial participant amusements23 (s.) Pari-mutuel net receipts (s.) Other24 (s.) 57.9 25.9 4.0 15.3 22.1 6.3 62.1 28.6 4.0 16.3 23.6 6.9 67.3 31.9 3.9 17.5 25.8 7.4 60.4 38.1 3.9 15.8 21.5 6.1 68.1 60.8 3.9 16.6 22.5 79.0 92.3 3.8 18.3 23.4 6.7 7.1 14.6 52.8 3.6 109.1 9.1 7.6 15.0 56.4 3.7 116.0 10.2 8.2 15.8 63.1 3.8 124.6 8.4 6.9 14.3 51.5 3.5 105.3 8.7 7.2 14.2 54.1 3.5 108.6 9.2 7.4 14.6 58.8 3.6 113.7 Education and research Higher education25 (s.) Nursery, elementary, and secondary schools26 (s.) Other27 (s.) 130.5 69.4 29.0 32.1 139.4 73.2 29.9 36.3 148.9 76.7 30.8 41.3 126.0 66.9 28.1 31.0 130.0 67.9 28.1 34.0 133.9 69.1 28.1 36.6 170.2 145.5 63.6 2.9 68.9 3.2 -15.4 72.9 3.5 -20.6 62.4 3.3 -11.2 69.3 3.6 -10.8 71.5 3.8 86.7 1.6 85.6 1.6 84.7 1.6 82.4 1.6 84.2 1.9 -2.1 -16.0 -41.5 83.7 97.0 Religious and welfare activities28 (s.) Foreign travel and other, net Foreign travel by U.S. residents29 (s.) Expenditures abroad by U.S. residents (n.d.) Less: Expenditures in the United States by nonresidents30 (s.) Less: Personal remittances in kind to nonresidents (n.d.) Residual services, and other personal business services. 19. Consists of premiums, less benefits and dividends, for motor vehicle insurance. 20. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, and airport bus fares. 21. Consists of admissions to professional and amateur athletic events and to racetracks. 22. Consists of dues and fees excluding insurance premiums. 23. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement devices and parks; golf courses; sightseeing buses and guides; private flying operations; casino gambling; and other commercial participant amusements. 24. Consists of net receipts of lotteries and expenditures for purchases of pets and pet care services, cable TV, film processing, photographic studios, sporting and recreation camps, video cassette rentals, and recreational services, not elsewhere classified. 25. For private institutions, equals current expenditures (including consumption of fixed capital) less receiptssuch as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and less expenditures for research and development financed under contracts or grants. For government institutions, equals student payments of tuition. 26. For private institutions, equals current expenditures (including consumption of fixed capital) less receiptssuch as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures. For government institutions, equals student payments of tuition. Excludes child day care services, which are included in religious and welfare activities. 27. Consists of (1) fees paid to commercial, business, trade, and correspondence schools and for educational services, not elsewhere classified, and (2) current expenditures (including consumption of fixed capital) by research organizations and foundations for education and research. 28. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious, social welfare, foreign relief, and political organizations, museums, libraries, and foundations. The expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and excludes relief payments within the United States and expenditures by foundations for education and research. For proprietary and government institutions, equals receipts from users. 29. Beginning with 1981, includes U.S. students' expenditures abroad; these expenditures were $0.3 billion in 1981. 30. Beginning with 1981, includes nonresidents' student and medical care expenditures in the United States; student expenditures were $2.2 billion and medical expenditures were $0.4 billion in 1981. NOTE—Consumer durable goods are designated (d.), nondurable goods (n.d.), and services (s.). Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 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 SURVEY OF CURRENT BUSINESS Table B.6.—Private Fixed Investment in Equipment and Software by Type Table B.5.—Private Fixed Investment in Structures by Type Billions of dollars Private fixed investment in structures Nonresidential . New Nonresidential buildings, excluding farm Industrial Commercial Office buildings! Other2 Religious Educational Hospital and institutional Other3 Utilities Railroads Telecommunications Electric light and power , Gas Petroleum pipelines Farm Mining exploration, shafts, and wells . Petroleum and natural gas Other Other4 Brokers' commissions on sale of structures Net purchases of used structures . Residential New New housing units Permanent site Single-family structures Multifamily structures Manufactured homes Improvements Other5 Brokers' commissions on sale of structures Net purchases of used structures . Residual . 1997 1998 576.1 640.4 255.8 Billions of dollars Billions of chained (1996) dollars 1999 1997 1998 680.5 557.2 600.7 618.4 283.2 285.6 245.4 263.0 259.2 254.3 282.4 284.7 243.9 262.1 258.3 178.9 33.1 89.7 39.9 49.8 5.6 9.8 15.1 25.5 198.0 36.5 100.7 49.1 51.6 6.4 10.9 15.4 28.2 204.0 31.5 109.1 54.2 54.9 7.3 10.6 15.2 30.4 173.3 32.1 86.9 38.7 48.2 5.4 9.5 14.6 24.7 185.1 34.1 94.1 45.9 48.2 6.0 10.2 14.4 26.3 183.4 28.3 98.1 48.7 49.4 6.6 9.5 13.6 27.3 36.1 4.9 12.3 11.4 6.5 1.0 44.5 5.7 13.2 12.5 11.8 1.3 45.0 4.9 15.1 14.2 9.3 1.5 35.3 4.8 12.0 11.2 6.3 43.0 5.5 12.9 12.0 11.4 1.2 43.5 5.0 15.0 13.5 8.7 1.4 3.8 30.1 28.4 1.7 5.5 4.3 29.3 28.0 1.3 6.2 4.5 24.3 22.8 1.5 6.9 3.7 26.2 24.5 1.6 5.3 2.0 2.3 2.4 2.0 4.0 1997 1999 4.0 24.4 23.2 21.5 20.2 1.2 5.9 1.3 6.4 2.2 2.3 -.5 -1.5 -1.5 -.5 -1.4 -1.3 320.4 357.1 394.9 311.8 337.7 359.2 281.2 311.0 342.9 272.9 293.0 310.4 199.6 186.1 163.2 22.9 13.5 80.8 225.5 210.4 185.8 24.6 15.2 84.5 1.0 248.6 234.4 207.2 27.3 14.2 93.0 1.3 193.7 180.5 158.6 21.9 13.3 78.4 212.2 197.5 175.9 21.7 14.7 79.9 .9 224.2 210.7 187.6 23.2 13.4 85.1 1.2 41.5 -2.3 48.9 -2.8 54.3 -2.3 41.2 -2.3 47.5 -2.7 51.0 -2.1 .3 -.4 -.9 1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for their own use, 2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings used for commercial purposes. 3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals. 4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields. 5. Consists primarily of dormitories and of fraternity and sorority houses. NOTE—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. January 2001 Private fixed investment in equipment and software 1998 1999 Billions of chained (1996) dollars 1997 1998 1999 751.5 832.6 926.3 772.0 887.3 1,012.1 743.6 824.3 917.4 764.2 879.0 1,003.1 Information processing equipment and software Computers and peripheral equipmentl Software2 Communication equipment Instruments Photocopy and related equipment Office and accounting equipment 325.2 367.4 433.0 349.8 431.6 79.6 84.9 94.3 102.9 149.3 116.5 144.1 180.1 119.0 151.0 73.7 80.7 99.1 74.5 83.0 33.3 36.4 39.0 33.2 36.2 13.5 14.1 12.7 14.1 13.7 7.7 8.0 7.8 8.0 7.9 542.2 217.3 188.0 103.8 38.7 12.9 7.9 Industrial equipment Fabricated metal products Engines and turbines Metalworking machinery Special industry machinery, n.e.c General industrial, including materials handling, equipment Electrical transmission, distribution, and industrial apparatus 141.0 148.9 150.7 140.0 146.9 13.0 12.2 12.6 12.2 12.6 5.6 4.1 4.6 4.1 4.8 33.3 34.7 34.8 33.2 34.3 35.8 37.3 38.3 35.4 36.6 147.8 13.1 5.4 34.2 37.1 33.2 Transportation equipment Trucks, buses, and truck trailers Autos Aircraft Ships and boats Railroad equipment Other equipment Furniture and fixtures Tractors Agricultural machinery, except tractors ... Construction machinery, except tractors , Mining and oilfield machinery Service industry machinery Electrical equipment, n.e.c Other 130.5 143.5 144.4 129.1 140.9 32.3 36.0 35.8 31.7 35.2 13.6 14.0 14.7 14.0 14.9 12.2 12.8 12.0 12.1 12.5 19.4 18.0 20.2 18.3 20.9 4.7 5.1 4.5 4.6 4.6 16.5 13.8 14.9 14.0 15.3 13.8 14.6 12.4 12.2 14.2 23.0 25.1 27.5 22.8 24.7 140.7 34.9 13.3 11.6 18.3 4.9 15.9 15.2 26.8 Nonresidential equipment and software Less: Sale of equipment scrap, excluding autos Residential equipment 32.8 35.3 34.2 32.4 34.7 22.8 24.1 24.9 22.7 24.1 24.8 151.4 168.2 193.5 150.5 168.0 85.7 97.9 113.5 86.3 99.8 42.4 40.6 44.1 41.1 39.2 19.7 14.8 20.0 25.7 14.6 2.5 2.6 2.5 2.6 2.6 7.1 5.9 7.7 6.0 7.0 191.8 113.6 43.4 24.9 2.4 7.8 4.5 3.7 4.2 4.4 4.3 7.9 8.3 8.9 7.9 8.3 9.1 -3.1 -13.9 -41.2 Residual Addenda: Private fixed investment in equipment and software Less: Dealers' margin on used equipment Net purchases of used equipment from government Plus: Net sales of used equipment Net exports of used equipment Sale of equipment scrap Equate. Private fixed investment in new equipment and software 5.2 751.5 832.6 926.3 7.7 8.2 8.1 38.3 .4 4.6 786.3 1.2 1.0 39.3 .5 3.8 39.8 .7 4.3 962.1 1. Includes new computers and peripheral equipment only. 2. Excludes software "embedded," or bundled, in computers and other equipment. NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. n.e.c. Not elsewhere classified. National Data SURVEY OF CURRENT BUSINESS January 2001 D-33 Table B.7.—Compensation and Wage and Salary Accruals by Industry [Millions of dollars] Compensation 1997 1998 Wage and salary accruals 1999 4,651,280 4,984,194 5,299,765 3,885,977 4,192,775 4,475,142 Domestic industries 4,656,151 4,989,375 5,305,152 3,890,848 4,197,956 4,480,529 Private industries 3,773,522 4,075,046 4,351,977 3,226,590 3,505,274 3,756,128 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 42,881 17,563 46,493 18,675 49,947 19,446 37,483 15,138 40,863 16,222 43,790 16,575 25,318 27,818 30,501 22,345 24,641 27,215 Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels 35,245 3,190 5,653 21,429 4,973 36,036 2,956 5,569 22,234 5,277 34,461 2,907 5,206 20,888 5,460 29,792 2,678 4,717 18,181 4,216 30,587 2,481 4,666 18,948 4,492 29,290 2,449 4,367 17,813 4,661 Construction 220,889 243,014 268,836 189,456 210,384 233,781 Manufacturing Durable goods Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Instruments and related products ... Miscellaneous manufacturing industries Nondurable goods Food and kindred products Tobacco products Textile mill products Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics products Leather and leather products 852,365 529,924 25,817 16,535 23,487 36,042 61,786 110,141 895,122 560,865 27,252 17,840 24,782 36,745 64,619 117,372 925,153 584,774 28,820 18,885 25,906 37,105 66,858 121,946 714,638 443,497 21,741 13,866 19,431 29,637 51,357 93,957 755,391 472,581 23,075 15,065 20,634 30,427 54,094 100,604 783,049 494,007 24,481 16,003 21,628 30,819 56,122 104,579 85,705 58,375 49,100 48,777 91,567 61,774 52,454 51,731 97,885 65,430 52,553 54,059 71,809 48,371 40,137 41,372 77,237 51,601 43,364 44,104 82,848 54,866 43,585 46,160 14,159 322,441 62,478 2,928 18,878 19,855 33,383 64,088 70,667 9,772 14,729 334,257 64,923 2,706 18,843 19,441 33,880 67,467 74,657 10,173 15,327 340,379 66,467 2,669 18,290 18,520 34,621 69,778 77,347 9,811 11,819 271,141 52,659 2,375 16,102 16,754 28,437 54,831 57,901 8,116 12,376 282,810 55,034 2,188 16,141 16,467 28,977 58,020 61,798 8,499 12,916 289,042 56,561 2,170 15,687 15,697 29,679 60,187 64,430 8,211 37,755 2,637 39,614 2,553 40,399 2,477 31,721 2,245 33,507 2,179 34,301 2,119 299,385 163,507 15,752 319,633 175,713 17,047 346,868 186,061 247,831 133,757 11,756 266,868 145,260 12,886 291,788 154,893 12,740 10,495 62,099 8,349 49,875 969 15,968 11,189 66,240 8,780 54,141 985 17,331 11,874 70,421 9,034 58,478 981 18,274 41,092 827 13,643 9,516 54,688 7,312 45,120 845 14,893 10,159 58,689 7,575 49,117 843 15,770 1. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air. 2. Consists of museums, botanical and zoological gardens; engineering and management services; and services, not elsewhere classified. 3. Includes Coast Guard. 4. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed Wage and salary accruals 1997 Total Transportation and public utilities Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing' Water transportation Transportation by air 1 Pipelines, except natural gas Transportation services Compensation 1997 1998 1999 82,157 62,592 19,565 53,721 88,796 66,455 22,341 55,124 102,678 77,879 24,799 58,129 69,025 52,329 16,696 45,049 75,099 55,891 19,208 46,509 87,566 66,176 21,390 49,329 Wholesale trade 307,479 332,226 355,005 266,391 288,718 308,791 Retail trade . 426,010 454,854 485,299 365,711 392,737 420,635 Finance, insurance, and real estate .. Depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices 377,552 87,566 29,516 79,430 78,125 421,812 94,243 37,865 92,618 85,098 452,941 97,933 40,027 105,872 89,700 327,411 73,726 25,405 71,315 67,229 368,133 80,080 32,860 83,641 73,551 396,575 83,593 34,792 95,669 77,697 34,456 47,750 20,709 36,084 53,256 22,648 38,148 56,890 24,371 30,395 41,565 17,776 31,863 46,548 19,590 33,733 49,859 21,232 Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services ... Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking .... Miscellaneous repair services Motion pictures Amusement and recreation services . Health services Legal services Educational services Social services and membership organizations Social services Membership organizations Other services2 Private households Government Federal General government Civilian Military3 Government enterprises State and local General government Education Other Government enterprises Rest of the world Receipts from the rest of the world less. Payments to the rest of the world 4 Addenda: Households and institutions Nonfarm business 1997 1,211,716 1,325,856 1,433,467 1,047,877 1,151,593 1,248,429 46,006 40,424 34,575 42,560 39,609 37,277 28,561 25,336 22,477 26,962 25,441 23,880 310,041 353,616 302,015 256,124 264,072 223,096 32,673 37,093 34,408 32,091 30,250 28,133 11,903 13,607 13,317 12,458 11,643 10,870 19,839 22,591 21,799 20,220 19,143 17,732 41,242 47,481 43,664 40,283 37,793 34,722 319,481 410,078 395,515 378,558 349,355 335,629 54,931 72,301 68,037 62,903 63,443 59,595 49,601 66,437 62,382 57,563 57,692 54,002 99,414 50,415 48,999 175,017 12,035 106,435 54,995 51,440 194,782 13,980 113,608 58,982 54,626 210,621 11,467 87,956 43,606 44,350 152,577 11,726 94,358 47,765 46,593 170,311 13,640 100,862 51,357 49,505 184,471 11,148 882,629 266,816 213,247 127,331 85,916 53,569 615,813 576,759 307,530 269,229 39,054 914,329 270,094 215,071 129,515 85,556 55,023 644,235 323,824 280,012 40,399 953,175 278,402 222,200 135,250 86,950 56,202 674,773 632,487 339,529 292,958 42,286 664,258 177,133 141,026 86,121 54,905 36,107 487,125 455,682 240,923 214,759 31,443 692,682 179,468 142,471 87,401 55,070 36,997 513,214 480,433 255,448 224,985 32,781 724,401 184,902 147,112 90,921 56,191 37,790 539,499 505,096 269,023 236,073 34,403 -4,871 1,802 6,673 -5,181 1,934 7,115 -5,387 2,208 7,595 -4,871 1,802 6,673 -5,181 1,934 7,115 -5,387 2,208 7,595 401,727 385,149 363,230 3,485,352 3,766,644 4,029,292 temporarily in the United States. NOTE—Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). Compensation equals wage and salary accruals plus supplements to wages and salaries. "Supplements" are li in table 8.17 of the August 2000 SURVEY OF CURRENT BUSINESS. D-34 National Data SURVEY OF CURRENT BUSINESS January 2001 Table B.8.—Employment by Industry [Thousands] 1997 1998 1999 1997 1998 1999 Total 130,118 133,433 136,363 126,790 129,711 132,216 Domestic industries 130,640 133,964 136,915 127,237 130,166 132,689 Private industries 108,587 111,684 114,358 108,802 111,559 113,919 2,130 2,182 2,288 3,315 1,814 1,501 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 876 880 923 1,254 1,302 1,365 3,340 1 705 1,635 3,384 1,693 1,691 1997 Pipelines, except natural gas Transportation services Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services Wholesale trade Retail trade Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels 601 54 97 340 110 595 49 93 341 112 540 44 87 296 113 603 54 95 345 109 603 49 93 350 111 545 45 86 304 110 5,965 6,299 6,707 7,255 7,605 8,026 Manufacturing Durable goods Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Instruments and related products Miscellaneous manufacturing industries Nondurable goods Food and kindred products Tobacco products Textile mill products Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics products Leather and leather products 18,772 11,059 18,922 11,265 18,665 11,176 18,776 11,132 18,932 11,344 18,655 11,221 821 514 555 710 839 534 566 715 857 551 570 698 864 531 563 706 895 543 569 711 915 563 571 697 1,485 2,170 1,695 1,515 2,212 1,709 1,481 2,168 1,684 1,512 2,212 1,699 983 857 865 404 998 899 872 406 1,530 2,142 1,669 1,024 874 854 407 976 854 860 445 996 902 864 441 1,518 2,136 1,655 1,019 7,713 1,694 7,657 1,694 7,489 1,694 7,644 1,676 7,588 1,672 7,434 1,677 41 617 830 686 40 597 770 679 37 559 697 669 40 619 831 678 39 598 775 672 36 555 708 664 1,579 1,037 1,594 1,043 1,575 1,039 1,562 1,024 1,578 1,029 1,556 1,028 92 87 Transportation and public utilities Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing2 Water transportation Transportation by air 2 6,466 4,175 6,674 4,339 Construction 872 841 434 137 136 130 135 135 130 1,000 1,017 1,010 1,005 1,000 79 990 89 85 80 6,899 4,479 6,472 4,283 6,650 4,435 6,852 4,565 220 457 223 473 222 491 208 481 211 486 210 504 1,709 1,777 1,846 1,880 1,954 2,018 182 185 187 178 185 184 1,140 1,198 1,245 1,067 1,122 1,163 1. Equals the number of full-time equivalent employees plus the number of self-employed persons. Unpaid family workers are not included. 2. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air. 3. Consists of museums, botanical and zoological gardens; engineering and management services; and services, not elsewhere classified. Persons engaged in productionl Full-time and part-time employees Persons engaged in production' Full-time and part-time smployees Finance, insurance, and real estate Depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Health services Legal services Educational services Social services and membership organizations Social services Membership organizations Other services ^ Private households Government .... Federal General government Civilian Military4 Government enterprises State and local General government Education Other ... Government enterprises Rest of the world5 1998 1999 1997 1998 1999 14 453 13 470 13 475 14 455 13 464 13 473 1,420 1,003 1,475 1,044 1,556 1,109 1,323 1,363 417 871 431 860 447 864 938 385 866 958 405 852 1,426 1,013 413 861 6,750 6,917 7,001 6,739 6,922 7,024 22,636 23,003 23,583 20,258 20,417 20,988 7,257 2,033 7,536 2,047 7,723 2,053 7,425 1,927 7,634 1,934 7,826 1,932 574 630 662 681 710 727 563 679 643 732 692 796 1 526 1 575 1 609 1462 1 502 1 527 767 787 795 875 880 873 1481 1 534 1 571 1684 1 706 1762 246 250 258 235 237 244 38,010 1,833 1,326 8,147 1,248 39,556 1,874 1,340 8,780 1,276 40,952 1,936 1,365 9,449 1,331 37,959 1,665 1,789 8,260 1,511 39,456 1,701 1,804 8,988 1,523 40,619 1,760 1,833 9,577 1,561 389 569 395 593 391 618 582 610 591 645 553 664 1,664 10,038 1,084 2,183 1,726 10,217 1,112 2,272 1,783 10,349 1,138 2,350 1,485 9,402 1,200 2,006 1,494 9,521 1,223 2,101 1,547 9,638 1,216 2,164 4,951 2,622 2,329 3,345 1,233 5,155 2,751 2,404 3,536 1,280 5,350 2,861 2,489 3,641 1,251 4,818 2,881 1,937 3,797 4,992 2,993 1,999 3,991 5,157 3,087 2,070 4,087 834 882 862 22,053 5,265 4,275 1,899 2,376 22,280 5,194 4,200 1,878 2,322 22,557 5,139 4,147 1,856 2,291 18,435 4,269 3,476 1,869 1,607 18,607 4,208 3,417 1,846 1,571 18,770 4,157 3,367 1,818 1,549 990 994 992 793 791 790 16,788 15,954 8,736 7,218 17,086 16,244 8,947 7,297 17,418 16,564 9,164 7,400 14,166 13,304 7,070 6,234 14,399 13,529 7,228 6,301 14,613 13,737 7,373 6,364 834 842 854 862 870 876 -522 -531 -552 -447 -455 -473 4. Includes Coast Guard. 5. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States. NOTE—Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). National Data • SURVEY OF CURRENT BUSINESS January 2001 D-35 Table B.9.—Wage and Salary Accruals Per Full-Time Equivalent Employee and Full-Time Equivalent Employees by Industry Wage and salary accruals per full-time equivalent Full-time equivalent employ- Wage and salary accruals per full-time equivalent Full-time equivalent employ- Thousands Dollars 1997 1998 1999 Total 33,429 35,124 36,653 Domestic industries 33,343 35,034 36,555 Private industries 1997 1997 1998 116,246 119,370 122,095 119,825 122,568 32,838 34,631 36,187 98,258 101,218 103,798 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 20,449 20,157 20,652 20,701 21,515 20,198 21,288 20,954 21,497 1,833 751 1,082 1,974 754 1,220 2,057 791 1,266 Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels 50,581 49,593 49,653 54,598 39,402 52,465 50,633 51,275 56,731 41,211 55,659 51,376 61,424 42,373 54 95 333 107 583 49 91 334 109 529 44 85 290 110 Construction 32,932 34,625 36,127 5,753 6,076 6,471 Manufacturing Durable goods Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Instruments and related products Miscellaneous manufacturing industries Nondurable goods Food and kindred products Tobacco products Textile mill products Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics products Leather and leather products 38,941 40,770 27,382 27,622 35,719 42,038 35,152 43,987 42,871 49,662 47,276 48,616 30,540 36,278 31,895 59,375 26,354 20,838 42,129 37,427 56,766 60,119 40,830 42,617 28,278 28,860 36,978 42,855 36,280 46,212 45,729 52,175 42,862 44,902 29,040 29,635 38,621 44,536 37,192 49,728 50,333 53,949 50,329 55,215 33,118 39,775 34,176 60,278 28,470 23,255 44,900 41,083 18,352 10,878 794 502 544 705 1,461 2,136 1,675 974 849 851 387 7,474 1,651 40 611 804 675 1,465 1,020 135 18,501 11,089 816 522 558 710 1,491 2,177 1,689 989 891 858 388 7,412 1,648 39 591 745 671 1,478 1,024 134 32,237 25,225 33,574 25,940 34,508 27,882 984 Transportation and public utilities Transportation Railroad transportation Local and interurban passenger transit. Trucking and warehousing2 Water transportation Transportation by air 2 41,059 34,429 56,519 21,201 31,740 40,524 42,898 35,991 61,071 22,028 32,945 42,266 40,430 45,422 37,189 60,667 22,676 34,042 43,286 42,379 6,036 3,885 208 418 1,597 170 1,062 Pipelines, except natural gas Transportation services Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services 51,403 31,897 38,156 33,394 56,103 27,311 22,103 43,185 39,256 60,350 63,425 63,651 390 7,267 1,655 36 551 675 661 1,465 1,025 129 994 76 6,221 4,036 211 432 1,660 173 1,116 6,424 4,165 210 448 1,724 175 1,159 1. Full-time equivalent employees equals the number of employees on full-time schedules plus the number of employees on part-time schedules converted to a full-time basis. The number of full-time equivalent employees in each industry is the product of the total number of employees and the ratio of average weekly hours per employee for all employees to average weekly hours per employee on full-time schedules. 2. Reflects the reclassification of air couriers from trucking and warehousing to transportation by air. 3. Consists of museums, botanical and zoological gardens; engineering and management services; and services, 1998 59,071 32,796 53,425 57,315 44,053 52,444 65,000 34,555 56,086 58,957 49,125 54,975 64,846 36,170 62,148 65,847 52,946 58,034 14 416 1,292 913 379 859 13 431 1,339 948 391 846 41,224 43,606 45,856 6,462 6,621 1999 13 436 1,409 1,005 404 850 Wholesale trade Retail trade . 11,002 843 540 560 692 1,509 2,103 1,646 1,017 1997 Finance, insurance, and real estate Depository institutions Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Health services Legal services Educational services Social services and membership organizations Social services Membership organizations Other services3 Private households Government Federal General government Civilian Military4 Government enterprises .... State and local General government Education Other Government enterprises .... Rest of the world5 6,734 19,495 20,602 21,414 18,759 19,063 48,170 38,279 46,444 118,661 45,984 41,982 31,924 75,643 52,403 41,492 52,325 129,475 48,969 43,116 34,660 82,658 55,357 43,402 51,928 50,882 45,401 36,447 87,016 6,797 1,926 547 601 1,462 724 1,302 235 7,025 1,930 628 646 1,502 739 1,343 237 19,643 7,164 1,926 670 686 1,527 743 1,368 244 31,116 21,569 19,360 29,647 23,801 30,194 25,531 35,541 57,042 26,092 32,759 22,633 20,306 32,326 24,897 31,639 40,904 27,150 36,793 60,258 27,109 34,197 23,626 21,008 35,244 25,666 32,522 40,488 28,462 37,776 62,629 27,965 33,677 1,603 1,161 7,525 1,182 360 447 1,360 8,989 963 1,901 35,154 1,647 1,176 8,169 1,215 368 468 1,392 9,122 989 1,992 36,507 1,711 1,206 8,797 1,273 366 490 1,449 9,248 1,013 2,063 20,739 18,926 22,896 49,044 14,060 21,305 19,656 23,308 51,531 15,465 21,884 20,227 23,915 53,939 12,933 4,241 2,304 1,937 3,111 834 4,429 2,430 1,999 3,305 36,032 41,493 40,571 46,079 34,166 45,532 34,387 34,252 34,077 34,450 36,477 37,227 38,594 44,480 43,692 50,012 36,276 47,835 36,919 36,769 36,488 37,095 39,273 18,435 4,269 3,476 1,869 1,607 793 14,166 13,304 7,070 6,234 862 18,607 4,208 3,417 1,846 1,571 791 14,399 13,529 7,228 6,301 870 18,770 4,157 3,367 1,818 1,549 790 14,613 13,737 7,373 6,364 876 -447 -455 -473 47,346 35,054 46,772 35,642 35,511 35,341 35,706 37,679 2,539 2,070 3,420 862 not elsewhere classified. 4. Includes Coast Guard, 5. Includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States. NOTE—Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). D-36 National Data January 2001 SURVEY OF CURRENT BUSINESS Table B.10.—Farm Sector Output, Gross Product, and National Income Table B.11.—Housing Sector Output, Gross Product, and National Income Billions of chained (1996) dollars Billions of dollars Billions of chained (1996) dollars Billions of dollars 1997 Farm output Cash receipts from farm marketings Crops Livestock Farm housing Farm products consumed on farms Other farm income Change in farm inventories Crops Livestock Less. Intermediate goods and services purchased Intermediate goods and services, other than rent Rent paid to nonoperator landlords 226.3 214.6 208.4 237.5 238.4 243.9 208.6 112.0 96.6 6.4 .5 7.8 2.9 3.3 -.4 198.2 104.0 94.2 6.7 .5 8.6 .6 .9 -.3 190.7 95.3 95.4 7.0 .5 10.4 -0.2 .5 -.7 218.7 121.2 97.6 6.0 .5 8.2 3.2 3.5 -.4 220.5 122.2 98.3 5.9 .5 9.6 1.2 1.5 -.3 224.3 123.7 100.6 5.7 .5 12.4 0 .9 138.1 133.9 134.2 134.4 138.0 138.4 122.1 16.0 118.8 15.1 120.1 14.1 119.0 15.5 122.4 15.7 124.0 14.4 74.2 103.6 100.2 106.3 Equals: Gross farm product Less: Consumption of fixed capital 26.3 27.4 29.2 25.9 Equals: Net farm product 61.9 53.4 45.0 78.1 Less: Indirect business tax and nontax liability Plus: Subsidies to operators Equals: Farm national income Compensation of employees Wage and salary accruals Supplements to wages and salaries Proprietors' income and corporate profits with inventory valuation and capital consumption adjustments Proprietors' income Corporate profits Net interest 5.2 6.3 5.2 10.3 58.5 18.7 16.2 2.5 56.9 19.4 16.6 2.9 35.8 29.7 6.1 9.7 29.8 25.4 4.4 10.0 27.2 25.3 1.9 10.3 1999 823.2 868.7 756.1 775.5 795.0 771.6 585.5 186.1 6.4 816.6 622.7 193.8 6.7 861.7 661.1 200.6 7.0 750.1 569.0 181.0 6.0 769.6 586.7 182.9 5.9 789.4 605.7 183.7 5.7 Less: Intermediate goods and services consumed 106.0 115.4 118.6 102.0 107.9 107.1 Equals: Gross housing product Nonfarm housing Owner-occupied Tenant-occupied Farm housing 672.0 666.7 504.0 162.6 5.3 707.9 702.3 534.0 168.3 5.6 750.2 744.3 570.8 173.5 5.9 654.0 649.0 490.3 158.7 5.0 667.6 662.6 503.3 159.4 5.0 687.9 683.1 523.6 159.5 Less: Consumption of fixed capital Capital consumption allowances Less: Capital consumption adjustment 126.5 67.6 -58.8 133.7 72.0 -61.7 143.7 77.5 -66.2 122.7 125.8 Equals: Net housing product 545.5 574.2 78.2 NOTE.—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Nonfarm housing Owner-occupied Tenant-occupied Farm housing 1997 778.0 28.1 73.5 5.6 17.6 63.1 17.6 15.1 2.4 Housing output1 Less: Indirect business tax and nontax liability plus business transfer payments Plus: Subsidies less current surplus of government enterprises Equals: Housing national income Compensation of employees Proprietors' income with inventory valuation adjustment and capital consumption adjustment Rental income of persons with capital consumption adjustment Corporate profits with inventory valuation adjustment and capital consumption adjustment Net interest 129.9 135.6 23.7 23.7 24.2 445.0 468.0 495.2 9.5 10.1 21.3 20.7 20.2 109.0 119.0 126.4 4.7 301.2 4.5 314.4 4.4 334.1 1 . Equals personal consumption expenditures for housing less expenditures for other housing as shown in table B.4. NOTE—Chained (1996) dollar series are calculated as the product of the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. January 2001 National Data SURVEY OF CURRENT BUSINESS D-37 Table B.12.—Net Stock of Private Fixed Assets; Equipment, Software, and Structures; by Type [Yearend estimates] Current-cost valuation (Billions of dollars) Private fixed assets Equipment and software Nonresidential equipment and software Information processing equipment and software Computers and peripheral equipment Software 1 Communication equipment Instruments Photocopy and related equipment Office and acccounting equipment Industrial equipment Fabricated metal products Engines and turbines Steam engines Internal combustion engines Metalworking machinery Special industry machinery, n.e.c General industrial, including materials handling, equipment Electrical transmission, distribution, and industrial apparatus Chain-type quantity indexes (1996=100) 1994 1995 1996 1997 1998 1999 15,203.7 15,908.5 16,722.5 17,653.1 18,670.3 19,882.3 94.99 3,051.1 3,243.8 3,416.3 3,585.3 3,797.0 4,080.7 90.55 2,992.4 3,182.8 3,352.2 3,519.8 3,729.4 4,010.9 90.51 802.8 86.4 142.9 334.7 153.7 65.7 19.5 850.2 93.6 158.3 344.3 165.1 68.8 20.1 906.0 101.5 173.7 363.8 175.0 71.5 20.5 974.8 112.2 200.7 388.2 181.9 70.2 21.6 1,050.0 117.8 240.1 411.1 191.2 68.3 21.4 1,182.5 1,010.7 1,075.1 95.6 55.8 49.5 6.4 1,119.1 98.7 57.3 50.4 193.7 225.0 213.4 219.2 253.1 234.9 255.9 1,156.9 98.6 58.5 51.2 7.3 227.8 262.1 243.0 1,198.7 90.3 55.2 49.2 5.9 1996 1997 1998 1999 97.30 100.00 102.96 106.37 110.15 94.93 100.00 105.94 113.06 121.98 94.90 100.00 105.98 113.17 122.17 69.5 23.7 83.43 53.99 81.69 88.04 90.28 97.04 94.59 90.81 71.80 89.64 93.40 95.07 99.22 97.17 100.00 100.00 100.00 100.00 100.00 100.00 100.00 111.57 142.35 116.26 108.02 104.07 99.34 105.39 125.69 202.40 139.38 117.02 109.22 97.55 105.62 145.38 292.07 168.53 131.68 115.11 98.63 115.47 94.31 97.12 99.88 101.07 91.07 92.82 93.44 94.55 93.89 97.07 98.06 99.36 99.89 95.40 96.54 96.72 97.21 96.87 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.97 100.28 100.11 99.28 106.25 103.54 103.09 102.69 104.29 106.04 100.60 100.76 99.49 110.27 106.90 106.05 106.14 108.48 109.26 103.63 102.02 99.56 120.27 110.90 108.84 109.21 112.13 141.8 296.8 449.3 201.4 1994 1995 233.1 209.2 240.5 225.3 248.7 276.9 1,240.8 101.2 60.9 52.4 8.5 246.5 282.7 261.9 287.5 Transportation equipment Trucks, buses, and truck trailers Autos Aircraft Ships and boats Railroad equipment 604.3 206.7 142.3 137.4 46.1 71.8 650.5 234.1 150.0 143.6 45.9 76.9 690.4 260.8 159.0 147.1 46.5 77.1 716.5 283.0 159.9 149.6 46.9 77.1 767.5 323.1 159.4 159.0 46.8 79.2 840.3 369.1 161.9 178.2 48.1 83.1 90.93 80.98 92.01 99.48 104.28 95.20 89.85 95.59 100.14 101.57 99.38 100.00 100.00 100.00 100.00 100.00 100.00 104.95 111.12 101.49 101.57 99.16 101.34 111.52 124.62 101.77 107.17 98.12 104.17 121.39 142.43 104.06 117.00 98.86 108.43 Other equipment Furniture and fixtures Household furniture Other furniture Tractors Farm tractors Construction tractors Agricultural machinery, except tractors Construction machinery, except tractors Mining and oilfield machinery Service industry machinery Electrical equipment, n.e.c Household appliances Other Other nonresidential equipment 574.6 159.2 8.6 150.6 56.0 45.7 10.3 69.6 72.4 16.3 60.4 41.8 2.8 39.0 607.1 169.7 8.8 160.9 57.9 47.6 10.3 72.6 76.8 16.5 64.6 43.4 2.9 40.5 105.5 636.8 178.2 9.0 169.2 59.3 48.6 10.6 74.9 82.1 16.6 68.8 44.7 2.9 41.9 112.2 671.6 189.3 9.1 180.2 63.4 51.7 11.7 77.2 87.2 18.1 72.1 46.9 2.8 44.1 117.4 713.2 200.3 9.3 191.1 67.9 54.9 13.0 79.9 94.9 19.4 75.4 50.3 2.8 47.5 125.1 747.2 209.0 9.8 199.1 68.3 55.1 13.2 82.3 100.1 21.1 79.0 52.6 3.0 49.6 135.0 93.97 93.83 99.53 93.53 96.40 95.85 98.92 97.33 92.56 104.08 91.85 93.21 100.89 92.69 91.78 96.73 96.85 99.47 96.71 98.45 98.53 98.06 98.44 95.48 101.57 95.61 96.01 100.22 95.72 95.68 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 104.58 104.92 100.37 105.16 106.36 105.88 108.56 102.00 104.53 106.90 103.58 106.49 99.49 106.97 104.39 110.35 111.11 102.51 111.56 112.71 111.54 117.98 104.30 111.57 113.87 107.60 115.20 100.56 116.20 110.33 114.82 115.38 108.10 115.76 112.81 111.64 118.10 106.21 115.60 121.91 112.42 122.18 106.00 123.29 117.75 Residential equipment Structures Nonresidential structures Nonresidential buildings, excluding farm Industrial buildings Office buildings 2 Commercial buildings Mobile structures Other commercial 3 Educational buildings Hospital and institutional buildings Other Hotels and motels Amusement and recreational buildings Other nonfarm buildings 4 Utilities Railroad Telecommunications Electric light and power Gas Petroleum pipelines Farm related buildings and structures Mining exploration, shafts, and wells Petroleum and natural gas Other mining Other nonfarm structures 5 Residential structures Housing units Permanent site 1-to-4-unit 5-or-more-unit Manufactured homes Improvements Other residential 6 6.9 59.3 51.6 7.7 236.8 273.3 253.7 58.7 61.0 64.1 65.5 67.5 69.8 92.87 96.41 100.00 103.62 107.52 112.35 12,152.6 12,664.6 13,306.3 14,067.9 14,873.3 15,801.6 96.16 97.92 100.00 102.21 104.73 107.30 4,739.1 4,941.4 5,175.0 5,487.0 5,749.0 6,035.7 96.97 98.31 100.00 102.04 104.39 106.54 2,992.3 673.6 694.6 757.9 7.7 750.2 135.3 122.5 298.2 310.2 156.2 81.4 72.5 3,125.1 700.4 723.1 796.6 8.3 788.4 140.2 129.2 311.9 323.7 164.1 86.6 73.0 3,285.6 729.2 756.3 843.8 8.6 835.2 145.7 137.9 327.7 345.1 177.5 92.7 75.0 3,498.9 765.4 804.9 902.7 8.9 893.7 153.9 149.7 348.7 373.6 194.8 101.0 77.7 3,742.2 807.4 865.6 965.4 9.3 956.1 163.5 163.7 371.1 405.4 215.3 109.8 80.3 3,990.8 843.4 930.6 1,032.1 9.9 1,022.1 174.1 177.5 393.6 439.6 237.5 119.4 82.7 95.81 97.21 96.56 94.55 96.45 94.53 97.69 93.35 95.68 94.61 92.61 92.37 102.11 97.71 98.67 98.17 96.99 97.98 96.98 98.82 96.23 97.81 96.46 95.07 96.01 100.32 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.71 101.24 102.63 103.19 102.63 103.20 101.88 104.61 102.61 104.49 105.90 105.12 100.35 105.70 102.70 106.15 106.24 106.13 106.24 104.11 110.06 105.09 109.25 112.61 109.90 100.43 108.55 103.31 109.87 109.35 109.43 109.35 106.69 114.93 107.32 114.18 119.47 115.10 100.40 1,148.4 281.6 204.4 460.6 160.3 41.5 1,190.2 287.5 219.3 478.0 163.7 41.7 1,229.0 299.2 235.3 483.4 168.9 42.1 1,264.7 301.2 239.5 503.9 176.7 43.4 1,285.4 295.3 243.9 515.0 186.9 44.3 1,310.8 287.2 250.4 530.3 197.1 45.9 98.49 101.50 95.84 98.50 96.43 100.14 99.13 100.62 97.94 99.19 97.83 99.97 100.00 100.00 100.00 100.00 100.00 100.00 100.88 99.54 102.15 101.01 101.34 99.85 102.40 99.30 104.55 102.31 105.61 100.34 103.64 98.72 107.43 103.31 108.43 101.36 197.1 272.5 240.4 32.1 128.7 200.0 287.3 254.5 32.8 138.7 204.4 311.2 277.4 33.8 144.8 210.7 360.8 325.5 35.2 152.1 218.1 346.0 309.8 36.2 157.2 224.5 345.2 307.8 37.4 164.3 101.44 101.13 101.31 99.78 95.42 100.53 100.06 100.12 99.54 98.21 100.00 100.00 100.00 100.00 100.00 99.42 101.65 101.82 100.25 101.40 99.01 102.56 102.94 99.26 103.19 98.14 102.55 103.01 98.69 105.30 7,413.5 7,723.3 8,131.2 8,580.8 9,124.3 9,765.9 95.65 97.67 100.00 102.31 104.94 107.78 6,058.9 6,301.5 6,169.1 6,624.6 6,483.0 5,663.1 819.9 141.6 1,477.1 29.6 6,995.2 6,845.0 5,959.4 885.6 150.2 1,555.1 30.5 7,450.6 7,289.6 6,335.3 954.3 161.0 1,641.8 31.9 7,984.1 7,812.7 6,817.4 995.3 171.4 95.77 95.86 95.46 98.67 91.43 95.00 100.94 97.75 97.80 97.59 99.23 95.46 97.25 100.33 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.25 102.20 102.38 100.94 104.68 102.65 100.33 104.87 104.76 105.18 101.92 110.15 105.33 101.11 107.67 107.52 108.19 103.09 114.50 108.42 102.74 5,936.8 5,170.2 766.6 122.1 1,326.1 28.6 5,383.9 785.2 132.4 1,392.8 28.9 1. Excludes software "embedded" or bundled in computers and other equipment. 2. Consists of office buildings, except those occupied by electric and gas utility companies. 3. Consists primarily of stores, restaurants, garages, service stations, warehouses, and other buildings used for commercial purposes. 4. Consists of buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals. 5. Consists primarily of streets, dams, reservoirs, sewer and water facilities, parks, and airfields. 98.7 1,748.0 33.8 6. Consists primarily of dormitories and of fraternity and sorority houses. NOTE.-The data in this table are from "Fixed Assets and Consumer Durable Goods for 1925-99" in the Septem2000 SURVEY OF CURRENT BUSINESS. n e c N o t elsewhere classified. Der D-38 National Data SURVEY OF CURRENT BUSINESS January 2001 C. Historical Measures This table is derived from the "GDP and Other Major NIPA Series" tables that were published in the August 2000 issue of the SURVEY OF CURRENT BUSINESS and from the "Selected NIPA Tables" that are published in this issue. (Changes in prices are calculated from indexes expressed to three decimal places.) Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases [Quarterly estimates are seasonally adjusted at annual rates] Percent change from preceding period Billions of chained (1996) dollars Year and quarter Gross domestic product Final caloc Af rlilal bdlcb Ul domestic product Chain-type price indexes Percent change from preceding period Implicit price deflators Implicit price deflators Chain-type price index Gross national Gross domestic product product Final sales of domestic product product purchases Gross domestic product product Gross domestic Gross domestic Gross domestic Gross national product product purchases product 1959 2,319.0 2,317.4 2,332.8 7.2 6.3 21.88 21.41 21.88 21.88 1.1 1.1 1.1 1.1 1960 1961 1962 1963 1964 2,376.7 2,432.0 2,578.9 2,690.4 2,846.5 2,378.5 2,435.5 2,569.5 2,683.6 2,844.1 2,391.9 2,448.8 2,598.0 2,710.8 2,868.5 2.5 2.3 6.0 4.3 5.8 2.6 2.4 5.5 4.4 6.0 22.19 22.43 22.74 22.99 23.34 21.71 21.94 22.23 22.50 22.85 22.19 22.44 22.74 23.00 23.34 22.18 22.43 22.74 22.99 23.34 1.4 1.1 1.4 1.1 1.5 1.4 1.1 1.3 1.2 1.6 1.4 1.1 1.4 1.1 1.5 1.4 1.1 1.4 1.1 1.5 1965 1966 1967 1968 1969 3,028.5 3,227.5 3,308.3 3,466.1 3,571.4 3,008.5 3,191.1 3,288.2 3,450.0 3,555.9 3,051.7 3,248.9 3,330.4 3,489.8 3,594.1 6.4 6.6 2.5 4.8 3.0 5.8 6.1 3.0 4.9 3.1 23.77 24.45 25.21 26,29 27.59 23.26 23.91 24.61 25.66 26.92 23.78 24.46 25.21 26.30 27.59 23.77 24.45 25.21 26.29 27.59 1.9 2.8 3.1 4.3 4.9 1.8 2.8 2.9 4.3 4.9 1.9 2.9 3.1 4.3 4.9 1.9 2.9 3.1 4.3 4.9 1970 1971 1972 1973 1974 3,578.0 3,697.7 3,898.4 4,123.4 4,099.0 3,588.6 3,688.1 3,887.7 4,094.3 4,080.7 3,600.6 3,722.9 3,925.7 4,161.0 4,142.3 .2 3.3 5.4 5.8 -.6 .9 2.8 5.4 5.3 -.3 29.05 30.52 31.81 33.60 36.60 28.37 29.84 31.17 32.99 36.35 29.06 30.52 31.82 33.60 36.62 29.05 30.52 31.82 33.60 36.62 5.3 5.0 4.2 5.6 9.0 5.4 5.2 4.5 5.8 10.2 5.3 5.0 4.3 5.6 9.0 5.3 5.1 4.2 5.6 9.0 1975 1976 1977 1978 1979 4,084.4 4,311.7 4,511.8 4,760.6 4,912.1 4,118.5 4,288.8 4,478.8 4,722.9 4,894.4 4,117.7 4,351.4 4,556.6 4,805.3 4,973.9 -.4 5.6 4.6 5.5 3.2 .9 4.1 4.4 5.5 3.6 40.03 42.29 45.02 48.22 52.24 39.69 41.93 44.80 48.02 52.26 40.03 42.30 45.02 48.23 52.25 40.03 42.31 45.03 48.24 52.26 9.4 5.7 6.4 7.1 8.3 9.2 5.7 6.8 7.2 8.8 9.3 5.7 6.4 7.1 8.3 9.3 5.7 6.4 7.1 8.3 1980 1981 1982 1983 1984 4,900.9 5,021.0 4,919.3 5,132.3 5,505.2 4,928.1 4,989.5 4,954.9 5,154.5 5,427.9 4,962.3 5,075.4 4,973.6 5,184.9 5,553.8 -.2 2.5 -2.0 4.3 7.3 .7 1.2 -.7 4.0 5.3 57.05 62.37 66.26 68.87 71.44 57.79 63.05 66.71 69.05 71.46 57.04 62.37 66.25 68.88 71.44 57.05 62.38 66.26 68.89 71.45 9.2 9.3 6.2 3.9 3.7 10.6 9.1 5.8 3.5 3.5 9.2 9.3 6.2 4.0 3.7 9.2 9.3 6.2 4.0 3.7 1985 1986 1987 1988 1989 5,717.1 5,912.4 6,113.3 6,368.4 6,591.8 5,698.8 5,912.6 6,088.8 6,352.6 6,565.4 5,750.9 5,932.5 6,130.8 6,391.1 6,615.5 3.8 3.4 3.4 4.2 3.5 5.0 3.8 3.0 4.3 3.3 73.69 75.32 77.58 80.22 83.27 73.56 75.22 77.70 80.36 83.45 73.69 75.31 77.58 80.21 83.27 73.70 75.32 77.58 80.22 83.28 3.2 2.2 3.0 3.4 3.8 2.9 2.3 3.3 3.4 3.8 3.2 2.2 3.0 3.4 3.8 3.2 2.2 3.0 3.4 3.8 1990 1991 1992 1993 1994 6,707.9 6,676.4 6,880.0 7,062.6 7,347.7 6,695.6 6,681.5 6,867.7 7,043.8 7,285.8 6,740.0 6,703.4 6,905.8 7,087.8 7,364.3 1.8 -.5 3.0 2.7 4.0 2.0 -.2 2.8 2.6 3.4 86.53 89.66 91.85 94.05 96.01 86.85 89.81 92.03 94.14 96.06 86.51 89.66 91.84 94.05 96.01 86.53 89.67 91.84 94.06 96.02 3.9 3.6 2.4 2.4 2.1 4.1 2.3 2.0 3.9 3.6 2.4 2.4 2.1 3.9 3.6 2.4 2.4 2.1 1995 1996 1997 1998 1999 7,543.8 7,813.2 8,159.5 8,515.7 8,875.8 7,512.2 7,783.2 8,095.2 8,435.2 8,826.9 7,564.0 7,831.2 8,168.1 8,515.1 8,868.3 2.7 3.6 4.4 4.4 4.2 3.1 3.6 4.0 4.2 4.6 98.10 100.00 101.95 103.23 104.77 98.20 100.00 101.64 102.45 104.08 98.10 100.00 101.95 103.22 104.77 98.11 100.00 101.93 103.19 104.73 2.2 1.9 1.9 1.3 1.5 2.2 1.8 1.6 .8 1.6 2.2 1.9 1.9 1.3 1.5 2.2 1.9 1.9 1.2 1.5 1959 I II III IV 2,273.0 2,332.4 2,331.4 2,339.1 2,275.1 2,314.9 2,344.3 2,335.5 2,286.2 2,345.5 2,345.5 2,354.1 8.6 10.9 -.2 1.3 9.1 7.2 5.2 -1.5 21.79 21.84 21.90 21.99 21.33 21.37 21.43 21.52 21.83 21.83 21.88 21.98 21.82 21.83 21.88 21.98 .9 .9 1.2 1.7 1.2 .9 1.1 1.7 .1 .1 .9 1.8 .1 .1 .9 1.8 1960 I II III IV 2,391.0 2,379.2 2,383.6 2,352.9 2,360.4 2,382.7 2,380.0 2,391.1 2,405.4 2,393.9 2,398.9 2,369.3 9.2 -2.0 .7 -5.0 4.3 3.8 -.5 1.9 22.04 22.14 22.23 22.33 21.57 21.66 21.76 21.86 22.08 22.15 22.23 22.30 22.07 22.15 22.23 22.29 .9 1.7 1.8 1.8 .8 1.8 1.8 1.9 1.7 1.4 1.5 1.2 1.8 1.3 1.5 1.1 1961 I II III IV 2,366.5 2,410.8 2,450.4 2,500.4 2,392.9 2,418.3 2,437.7 2,493.2 2,383.7 2,427.1 2,467.2 2,517.5 2.3 7.7 6.8 8.4 .3 4.3 3.2 9.4 22.36 22.40 22.45 22.51 21.88 21.91 21.96 22.01 22.35 22.40 22.46 22.53 22.34 22.39 22.45 22.53 .5 .7 .9 1.0 .4 .5 .9 .9 1.0 .8 1.1 1.4 1.0 .8 1.1 1.4 1962 I || III IV 2,544.0 2,571.5 2,596.8 2,603.3 2,522.5 2,564.6 2,586.2 2,604.6 2,561.0 2,590.3 2,615.7 2,625.1 7.2 4.4 4.0 1.0 4.8 6.8 3.4 2.9 22.64 22.71 22.77 22.84 22.13 22.20 22.26 22.34 22.67 22.71 22.76 22.83 22.67 22.70 22.75 22.83 2.4 1.1 1.1 1.4 2.2 1.3 1.0 1.4 2.5 .6 1.0 1.3 2.5 .6 1.0 1.3 1963 I II III IV 2,634.1 2,668.4 2,719.6 2,739.4 2,619.3 2,663.9 2,712.0 2,739.6 2,654.8 2,688.2 2,739.8 2,760.3 4.8 5.3 7.9 2.9 2.3 7.0 7.4 4.1 22.93 22.95 22.98 23.12 22.42 22.45 22.49 22.63 22.91 22.94 22.98 23.16 22.90 22.93 22.97 23.15 1.4 .3 .6 2.5 1.6 .4 .8 2.6 1.3 .6 .6 3.2 1.3 .6 .6 3.2 1964 I II III IV 2,800.5 2,833.8 2,872.0 2,879.5 2,799.3 2,833.5 2,868.3 2,875.5 2,823.2 2,855.7 2,894.7 2,900.5 9.2 4.8 5.5 1.0 9.0 5.0 5.0 1.0 23.20 23.27 23.39 23.49 22.72 22.79 22.90 22.99 23.22 23.28 23.37 23.49 23.22 23.27 23.37 23.48 1.4 1.2 2.0 1.8 1.5 1.3 1.8 1.7 1.2 .9 1.6 2.0 1.2 .9 1.6 2.0 1965 I II III IV 2,950.1 2,989.9 3,050.7 3,123.6 2,920.2 2,973.2 3,029.4 3,111.4 2,974.0 3,014.6 3,073.6 3,144.5 10.2 5.5 8.4 9.9 6.4 7.4 7.8 11.3 23.60 23.71 23.81 23.97 23.08 23.19 23.30 23.46 23.61 23.71 23.81 23.97 23.60 23.71 23.80 23.97 1.9 1.8 1.8 2.6 1.6 1.8 1.9 2.9 2.1 1.8 1.5 2.8 2.1 1.8 1.5 2.8 1966 I II III IV 3,201.1 3,213.2 3,233.6 3,261.8 3,165.1 3,180.0 3,205.0 3,214.5 3,222.6 3,234.8 3,254.7 3,283.7 10.3 1.5 2.6 3.5 7.1 1.9 3.2 1.2 24.11 24.33 24.57 24.79 23.59 23.81 24.03 24.22 24.13 24.32 24.58 24.79 24.12 24.32 24.58 24.79 2.4 3.8 4.0 2.1 3.8 3.7 3.3 2.6 3.3 4.3 2.6 3.3 4.3 3.5 3.5 3.4 2.5 3.5 D-39 National Data SURVEY OF CURRENT BUSINESS January 2001 Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases—Continued [Quarterly estimates are seasonally adjusted at annual rates] Percent change from preceding Billions of chained (1996) dollars Year and quarter period Gross domestic product Final sales of domestic product 1967: I II Ill IV 3,291.8 3,289.7 3,313.5 3,338.3 3,246.9 3,281.5 3,297.4 3,326.9 1968: I II Ill IV 3,406.2 3,464.8 3,489.2 3,504.1 1969: I II Ill IV Chain-type price indexes Implicit price deflators Percent change from preceding period Implicit pric B deflators Gross domestic Gross domestic Gross domestic Gross national Gross domestic Gross domestic Gross domestic Gross national product product product purchases product purchases product product Chain-type price index Gross national Gross domestic product product Final sales of domestic product 3,313.4 3,310.7 3,336.6 3,360.8 3.7 -.3 2.9 3.0 4.1 4,3 2.0 3.6 24.90 25.06 25.29 25.57 24.32 24.47 24.70 24.96 24.89 25.05 25.31 25.59 24.89 25.04 25.31 25.59 1.9 2.5 3.8 4.4 1.6 2.5 3.8 4.3 1.6 2.5 4.3 4.5 1.6 2.5 4.3 4.5 3,394.2 3,428.5 3,478.1 3,499.5 3,429.2 3,488.3 3,513.4 3,528.1 8.4 7.1 2.8 1.7 8.3 4.1 5.9 2.5 25.86 26.15 26.39 26.76 25.24 25.51 25.77 26.13 25.88 26.14 26.39 26.76 25.87 26.14 26.39 26.76 4.6 4.5 3.8 5.7 4.6 4.2 4.1 5.7 4.5 4.1 3.9 5.7 4.5 4.1 3.9 5.7 3,558.3 3,567.6 3,588.3 3,571.4 3,535.0 3,551.3 3,569.0 3,568.3 3,582.2 3,590.6 3,610.3 3,593.3 6.3 1.0 2.3 -1.9 4.1 1.9 2.0 -.1 27.02 27.39 27.79 28.15 26.37 26.73 27.11 27.46 27.03 27.39 27.79 28.15 27.03 27.38 27.79 28.15 3.9 5.5 6.0 5.3 3.8 5.6 5.8 5.3 4.1 5.3 6.0 5.3 4.1 5.3 6.0 5.3 1970: I II Ill IV 3,566.5 3,573.9 3,605.2 3,566.5 3,578.9 3,573.2 3,605.0 3,597.4 3,589.1 3,597.4 3,628.3 3,587.6 -.6 .8 3.6 -4.2 1.2 -.6 3.6 -.8 28.54 28.94 29.17 29.55 27.85 28.24 28.51 28.89 28.55 28.94 29.18 29.56 28.54 28.94 29.17 29.56 5.6 5.8 3.2 5.3 5.8 5.6 3.9 5.5 5.8 5.7 3.3 5.3 5.8 5.7 3.3 5.3 1971: I II Ill IV 3,666.1 3,686.2 3,714.5 3,723.8 3,643.1 3,667.8 3,698.9 3,742.5 3,691.3 3,712.8 3,738.4 3,749.2 11.6 2.2 3.1 1.0 5.2 2.7 3.4 4.8 30.00 30.40 30.71 30.96 29.31 29.71 30.04 30.30 30.00 30.40 30.71 30.96 30.00 30.40 30.71 30.96 6.1 5.5 4.1 3.3 6.0 5.5 4.6 3.5 6.1 5.4 4.2 3.3 6.1 5.4 4.2 3.3 1972: I II Ill IV 3,796.9 3,883.8 3,922.3 3,990.5 3,802.2 3,862.7 3,897.2 3,988.5 3,823.4 3,910.0 3,950.7 4,018.7 8.1 9.5 4.0 7.1 6.5 6.5 3.6 9.7 31.42 31.61 31.92 32.30 30.76 30.98 31.30 31.67 31.41 31.61 31.92 32.32 31.41 31.61 31.92 32.32 6.1 2.5 4.0 4.8 6.1 2.9 4.2 4.8 5.8 2.6 4.0 5.1 5.8 2.6 4.0 5.1 1973: I II Ill IV 4,092.3 4,133.3 4,117.0 4,151.1 4,075.5 4,094.4 4,100.7 4,106.3 4,125.0 4,168.3 4,158.0 4,192.5 10.6 4.1 -1.6 3.4 9.0 1.9 .6 .5 32.73 33.27 33.90 34.48 32.09 32.69 33.29 33.91 32.71 33.25 33.86 34.58 32.71 33.25 33.86 34.58 5.4 6.8 7.9 7.0 5.4 7.7 7.6 7.6 4.9 6.9 7.5 8.7 4.9 6.9 7.5 8.7 1974: I II Ill IV 4,119.3 4,130.4 4,084.5 4,062.0 4,101.8 4,105.6 4,089.8 4,025.8 4,168.1 4,176.5 4,126.5 4,098.0 -3.0 1.1 -4.4 -2.2 -.4 .4 -1.5 -6.1 35.18 35.97 37.07 38.20 34.80 35.79 36.87 37.93 35.20 36.02 37.09 38.20 35.20 36.02 37.08 38.19 8.4 9.2 12.8 12.7 10.9 11.9 12.7 12.0 7.4 9.6 12.4 12.5 7.4 9.6 12.4 12.5 1975' I II Ill IV 4,010.0 4,045.2 4,115.4 4,167.2 4,054.7 4,099.2 4,135.9 4,184.3 4,040.1 4,075.6 4,148.4 4,206.7 -5.0 3.6 7.1 5.1 2.9 4.5 3.6 4.8 39.08 39.63 40.35 41.05 38.76 39.33 39.99 40.67 39.08 39.63 40.33 41.05 39.08 39.63 40.33 41.05 9.6 5.8 7.5 7.1 9.0 6.0 7.0 6.9 9.6 5.7 7.3 7.3 9.6 5.7 7.3 7.3 1976: I II Ill IV 4,266.1 4,301.5 4,321.9 4,357.4 4,248.8 4,264.1 4,289.7 4,352.4 4,304.2 4,341.2 4,362.0 4,398.4 9.8 3.4 1.9 3.3 6.3 1.4 2.4 6.0 41.49 41.93 42.51 43.25 41.11 41.56 42.18 42.88 41.50 41.92 42.50 43.27 41.50 41.92 42.51 43.28 4.3 4.3 5.6 7.1 4.4 4.5 6.1 6.8 4.5 4.1 5.7 7.4 4.5 4.1 5.7 7.4 1977 I II Ill IV 4,410.5 4,489.8 4,570.6 4,576.1 4,393.8 4,464.0 4,509.7 4,547.5 4,457.6 4,535.9 4,616.4 4,616.6 5.0 7.4 7.4 .5 3.9 6.5 4.2 3.4 43.97 44.69 45.32 46.08 43.68 44.45 45.14 45.92 43.97 44.69 45.23 46.16 43.97 44.71 45.25 46.17 6.9 6.7 5.8 6.9 7.7 7.2 6.4 7.0 6.6 6.8 4.9 8.5 6.6 6.8 4.9 8.4 19781 1 II Ill IV 4,588.9 4,765.7 4,811.7 4,876.0 4,552.0 4,730.8 4,774.7 4,834.2 4,636.0 4,804.8 4,854.6 4,925.8 1.1 16.3 3.9 5.5 .4 16.7 3.8 5.1 46.86 47.79 48.64 49.62 46.67 47.60 48.45 49.37 46.86 47.77 48.60 49.59 46.87 47.78 48.61 49.60 6.9 8.2 7.3 8.3 6.8 8.2 7.3 7.8 6.2 8.0 7.1 8.4 6.2 8.0 7.1 8.4 1979: I II Ill IV 4,888.3 4,891.4 4,926.2 4,942.6 4,855.1 4,852.9 4,921.9 4,947.7 4,939.6 4,949.3 4,995.6 5,011.4 1.0 .3 2.9 1.3 1.7 -.2 5.8 2.1 50.58 51.73 52.79 53.86 50.38 51.58 52.89 54.20 50.55 51.71 52.81 53.90 50.56 51.72 52.82 53.90 8.0 9.4 8.5 8.3 8.4 9.9 10.5 10.3 7.9 9.5 8.8 8.5 7.9 9.5 8.8 8.5 1980: I II Ill IV 4,958.9 4,857.8 4,850.3 4,936.6 4,961.4 4,861.6 4,923.9 4,965.2 5,028.8 4,922.5 4,911.3 4,986.3 1.3 -7.9 -.6 7.3 1.1 -7.8 5.2 3.4 55.08 56.35 57.62 59.16 55.73 57.14 58.43 59.89 55.11 56.34 57.60 59.13 55.12 56.35 57.61 59.14 9.4 9.5 9.4 11.1 11.8 10.5 9.3 10.4 9.3 9.2 9.2 11.0 9.3 9.2 9.2 11.1 1981: I II Ill IV 5,032.5 4,997.3 5,056.8 4,997.1 4,985.6 4,995.9 5,003.5 4,972.9 5,086.4 5,048.1 5,110.5 5,056.8 8.0 -2.8 4.9 -4.6 1.7 .8 .6 -2.4 60.67 61.75 62.95 64.10 61.42 62.53 63.56 64.70 60.66 61.76 62.95 64.10 60.67 61.77 62.97 64.11 10.6 7.3 8.0 7.5 10.7 7.4 6.7 7.4 10.8 7.5 8.0 7.5 10.8 7.5 8.0 7.5 1982: I II . Ill IV 4,914.3 4,935.5 4,912.1 4,915.6 4,959.7 4,954.2 4,916.8 4,989.1 4,969.4 4,996.9 4,963.4 4,964.8 -6.5 1.7 -1.9 .3 -1.1 -.4 -3.0 6.0 65.00 65.84 66.75 67.44 65.56 66.29 67.16 67.83 64.99 65.83 66.75 67.45 65.00 65.84 66.76 67.46 5.8 5.3 5.6 4.2 5.4 4.6 5.4 4.0 5.7 5.3 5.7 4.3 5.7 5.2 5.7 4.3 1983: I II Ill IV 4,972.4 5,089.8 5,180.4 5,286.8 5,036.1 5,113.1 5,200.3 5,268.5 5,021.5 5,142.2 5,233.9 5,342.0 4.7 9.8 7.3 8.5 3.8 6.3 7.0 5.4 67.98 68.59 69.17 69.75 68.22 68.80 69.35 69.83 67.95 68.56 69.16 69.77 67.96 68.57 69.18 69.79 3.3 3.6 3.4 3.4 2.3 3.5 3.2 2.8 3.0 3.7 3.6 3.6 3.0 3.7 3.6 3.6 1984: I II Ill IV 5,402.3 5,493.8 5,541.3 5,583.1 5,313.9 5,410.8 5,456.0 5,531.0 5,452.6 5,544.3 5,591.1 5,627.1 9.0 7.0 3.5 3.1 3.5 7.5 3.4 5.6 70.59 71.18 71.74 72.24 70.67 71.25 71.72 72.18 70.59 71.16 71.73 72.24 70.60 71.17 71.74 72.25 4.9 3.4 3.2 2.8 4.9 3.3 2.7 2.5 4.8 3.3 3.2 2.9 4.7 3.3 3.2 2.9 1985: I II Ill IV 5,629.7 5,673.8 5,758.6 5,806.0 5,619.8 5,657.0 5,746.0 5,772.5 5,664.3 5,710.9 5,788.6 5,839.6 3.4 3.2 6.1 3.3 6.6 2.7 6.4 1.9 73.01 73.49 73.88 74.40 72.80 73.32 73.73 74.38 73.00 73.50 73.85 74.39 73.01 73.50 73.86 74.40 4.3 2.7 2.1 2.9 3.5 2.8 2.3 3.6 4.3 2.7 2.0 3.0 4.2 2.8 1.9 3.0 1986: I II Ill IV 5,858.9 5,883.3 5,937.9 5,969.5 5,828.7 5,872.6 5,956.0 5,993.1 5,887.3 5,901.9 5,959.0 5,981.7 3.7 1.7 3.8 2.1 3.9 3.1 5.8 2.5 74.69 75.04 75.51 76.05 74.71 74.85 75.37 75.94 74.68 75.05 75.51 76.01 74.69 75.05 75.51 76.02 1.5 1.9 2.5 2.9 1.8 .7 2.9 3.0 1.5 2.0 2.5 2.7 1.5 2.0 2.5 2.7 1987: I II Ill IV 6,013.3 6,077.2 6,128.1 6,234.4 5,985.4 6,066.8 6,138.7 6,164.1 6,027.6 6,095.8 6,145.8 6,254.1 3.0 4.3 3.4 7.1 -.5 5.6 4.8 1.7 76.73 77.27 77.83 78.46 76.76 77.40 78.01 78.64 76.70 77.27 77.84 78.46 76.71 77.27 77.84 78.46 3.6 2.9 2.9 3.3 4.4 3.4 3.2 3.3 3.7 3.0 3.0 3.2 3.7 3.0 3.0 3.2 D-40 National Data January 2001 SURVEY OF CURRENT BUSINESS Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases—Continued [Quarterly estimates are seasonally adjusted at annual rates] Percent change from preceding period Billions of chained (1996) dollars Year and quarter Gross domestic product Final sales of domestic product 1988: I II Ill IV 6,275.9 6,349.8 6,382.3 6,465.2 6,263.0 6,334.0 6,365.9 6,447.5 1989: I II Ill IV 6,543.8 6,579.4 6,610.6 6,633.5 1990:1 II Ill IV Chain-type price indexes Percent change from preceding period Implicit price deflators Implicit price deflators Gross domestic Gross domestic Gross domestic Gross national product product Gross domestic Gross domestic Gross domestic Gross national product purchases product product product purchases Chain-type price index Gross national Gross domestic product product Final sales of domestic product 6,302.0 6,372.8 6,402.0 6,487.4 2.7 4.8 2.1 5.3 6.6 4.6 2.0 5.2 78.99 79.79 80.73 81.36 79.21 80.01 80.75 81.46 78.98 79.79 80.71 81,33 78.99 79.79 80.72 81.34 2.7 4.1 4.8 3.2 2.9 4.1 3.8 3.6 2.7 4.1 4.7 3.1 2.7 4.1 4.7 3.1 6,492.7 6,542.8 6,605.8 6,620.4 6,565.6 6,599.7 6,633.4 6,663.4 5.0 2.2 1.9 1.4 2.8 3.1 3.9 .9 82.20 83.02 83.62 84,24 82.36 83.26 83.74 84.43 82,20 83.01 83.62 84.24 82.20 83.02 83.63 84.25 4.2 4,0 2.9 3.0 4.5 4.4 2.4 3.3 4.3 4.0 2.9 3.0 4,3 4.0 3.0 3.0 6,716.3 6,731.7 6,719.4 6,664.2 6,705.8 6,697.6 6,699.2 6,680.0 6,743.6 6,760.8 6,742.6 6,713.3 5.1 .9 -.7 -3.2 5.3 -.5 .1 -1.1 85.19 86.17 87.00 87.76 85.48 86.27 87.26 88.41 85.18 86.16 86.99 87.74 85.20 86.17 87.00 87.76 4.6 4.7 3.9 3.5 5.1 3.7 4.7 5.3 4.5 4.7 3.9 3.5 4.6 4.6 3.9 3.5 1991:1 II Ill IV 6,631.4 6,668,5 6,684.9 6,720.9 6,652.5 6,692.5 6,689.2 6,692.0 6,667.4 6,692.1 6,704.7 6,749.4 -2.0 2.3 1.0 2.2 -1.6 2.4 -.2 .2 88.78 89.41 89.99 90.47 89.09 89.51 90.04 90.60 88.76 89.40 89.99 90.47 88.78 89.41 90.00 90.48 4.7 2.9 2.6 2.2 3.1 1.9 2.4 2.5 4.8 2.9 2.7 2.2 4.7 2,9 2.6 2.2 1992:1 II Ill IV 6,783.3 6,846.8 6,899.7 6,990.6 6,788.9 6,827.1 6,882.7 6,972.4 6,811.1 6,873.8 6,923.3 7,015.1 3.8 3.8 3.1 5.4 5.9 2.3 3.3 5.3 91.16 91.68 91.98 92.56 91.25 91.81 92.26 92.81 91.16 91.67 91.97 92.55 91.15 91.67 91.97 92.55 3.1 2.3 1,3 2.5 2.9 2.5 2.0 2.4 3.1 2.3 1.3 2.5 3.0 2.3 1.3 2.5 1993:1 II Ill IV 6,988.7 7,031.2 7,062.0 7,168.7 6,953.6 7,008.8 7,057.9 7,154.8 7,020.9 7,056.0 7,092.4 7,182.1 -.1 2.5 1.8 6.2 -1.1 3.2 2.8 5.6 93.33 93.83 94.26 94.79 93.42 93.98 94.32 94.83 93.32 93.82 94.24 94.79 93.32 93.83 94.26 94.81 3,4 2.2 1,8 2.3 2.7 2.4 1.5 2.2 3.4 2.2 1.8 2.4 3.4 2.2 1.8 2.4 1994- I || III IV 7,229.4 7,330.2 7,370.2 7,461.1 7,187.1 7,250.2 7,318.5 7,387.2 7,249.8 7,346.3 7,385.1 7,476.0 3.4 5.7 2.2 5.0 1.8 3.6 3.8 3.8 95.28 95.72 96.29 96.74 95.22 95.74 96.43 96.86 95.28 95.71 96.28 96.74 95.29 95.73 96.29 96.74 2.1 1.8 2.4 1.9 1.7 2.2 2.9 1.8 2.0 1.8 2.4 1.9 2.1 1.8 2.4 1.9 1995:1 II Ill IV 7,488.7 7,503.3 7,561.4 7,621.9 7,427.3 7,469.6 7,549.7 7,602.5 7,510.2 7,528.6 7,572.3 7,645.2 1.5 .8 3.1 3.2 2.2 2.3 4.4 2.8 97.45 97.86 98.31 98.79 97.51 98.04 98.42 98.85 97.45 97.86 98.30 98.78 97.45 97.87 98.31 98.79 3.0 1.7 1.8 2.0 2.7 2.2 1.6 1,8 3.0 1.7 1.8 2.0 3.0 1.7 1.8 2.0 1996: I II Ill IV 7,676.4 7,802.9 7,841.9 7,931.3 7,669.6 7,773.4 7,792.1 7,897.6 7,703.1 7,820.4 7,853.5 7,947.9 2.9 6.8 2.0 4.6 3.6 5.5 1.0 5.5 99.40 99.74 100.23 100.63 99.42 99.74 100.16 100.68 99.39 99.74 100.22 100.63 99.39 99.74 100.22 100.63 2.5 1.4 2.0 1.6 2.3 1.3 1.7 2.1 2.5 1.4 1.9 1.7 2.5 1.4 1.9 1.6 1997: I II Ill IV 8,016.4 8,131.9 8,216.6 8,272.9 7,966.4 8,043.2 8,164.9 8,206.3 8,025.1 8,145.6 8,225.1 8,276.9 4.4 5.9 4.2 2.8 3.5 3.9 6.2 2.0 101.36 101,82 102.12 102.49 101.28 101.49 101.74 102.07 101.34 101.82 102.12 102.49 101.33 101.80 102.10 102.46 2.9 1.9 1.2 1.4 2.4 .8 1.0 1.3 2.9 1.9 1.2 1.4 2.8 1.8 1.2 1.4 1998: I II Ill IV 8,404.9 8,465.6 8,537.6 8,654.5 8,289.4 8,402.7 8,463.4 8,585.0 8,412.9 8,471.4 8,526.7 8,649.3 6.5 2.9 3.4 5.6 4.1 5.6 2.9 5.9 102.75 103.04 103.42 103,69 102.08 102.28 102.57 102.87 102.74 103.03 103.41 103.70 102.70 102.99 103.38 103.67 1.0 1.1 1.5 1.1 ,1 .8 1.1 1.2 1.0 1.1 1.5 1.1 1.0 1.1 1.5 1.1 1999: I II Ill IV 8,730.0 8,783.2 8,905.8 9,084.1 8,680.3 8,764.9 8,861.8 9,000.5 8,726.0 8,776.7 8,895.4 9,075.0 3.5 2.5 5.7 8.3 4.5 4.0 4.5 6.4 104.25 104.63 104,90 105.31 103.35 103.86 104.30 104.80 104.29 104.65 104.89 105.24 104.25 104.62 104.86 105,19 2.2 1.4 1.1 1.6 1.9 2.0 1.7 1.9 2.3 1.4 ,9 1.3 2.3 1.4 .9 1.3 2000: I II Ill 9,191.8 9,318.9 9,369.5 9,148.0 9,235.3 9,290.9 9,187.7 9,313.7 9,362.8 4.8 5.6 2.2 6.7 3.9 2.4 106.17 106.80 107.22 105.78 106.33 106.86 106.10 106.73 107.15 106.07 106.70 107,13 3.3 2.4 1.6 3.8 2.1 2.0 3.3 2.4 1.6 3.4 2.4 1.6 D-41 National Data SURVEY OF CURRENT BUSINESS January 2001 D. Domestic Perspectives, This table presents data collected from other government agencies and private organizations, as noted. Quarterly data are shown in the middle month of the quarter. Table D.1 —Domestic Perspectives 1999 1998 2000 1999 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Consumer and producer prices, (monthly data seasonally adjusted)l Consumer price index for all urban consumers, 1982-84=100: All items Less food and energy Services 163.0 173.4 184.2 166.6 177.0 188.8 168.1 178.4 190.2 168.4 178.7 190.8 168.8 178.9 191.1 169.2 179.3 191.8 170.1 179.6 192.4 171.3 180.4 193.3 171.3 180.8 193.7 171.5 181.1 194.2 172.4 181.4 195.1 172.8 181.8 195.9 172.7 182.1 196.4 173.6 182.6 196.9 173.9 182.9 197.6 174.2 183.4 198.0 Producer price index, 1982=100: Finished goods Less food and energy Finished consumer goods Capital equipment Intermediate materials Crude materials 130.7 143.7 128.9 137.6 123.0 96.8 133.1 146.1 132.1 137.6 123.2 98.2 134.6 147.0 134.0 137.9 124.9 104.2 134.7 146.9 134.2 137.8 125.2 109.6 134.9 147.0 134.4 138.0 125.6 104.2 135.0 146.7 134.5 138.2 126.2 106.9 136.5 147.2 136.4 138.2 127.3 111.1 137.5 147.3 137.7 138.3 128.5 113.5 137.0 147.4 137.0 138.4 128.4 111.8 137.1 147.8 137.1 138.7 128.3 115.1 138.3 147.8 138.7 138.7 129.4 124.8 138.4 147.9 138.6 138.9 129.9 121.8 137.8 148.0 137.9 139.0 129.4 118.1 139.0 148.5 139.4 139.3 130.3 124.4 139.5 148.4 140.1 139.3 130.6 128.6 139.7 148.4 140.3 139.3 130.4 126.0 -0.83 -.03 -0.11 .33 0.02 ,30 -0.31 .63 -0.44 .75 0.38 -0.89 .23 Money, interest rates, and stock prices Money stock (monthly and quarterly data seasonally adjusted):2 Percent change: M1 M2 Ratio: Gross domestic product to M1 Personal income to M2 Interest rates (percent, not seasonally adjusted): 2 Federal funds rate Discount rate on new 91-day Treasury bills Yield on new high-grade corporate bonds 10-Year U.S. Treasury bonds Yield on municipal bonds, 20-bond average Mortgage commitment rate Average prime rate charged by banks Index of stock prices (not seasonally adjusted): 3 500 common stocks, 1941-43=10 0.48 .39 0.74 .44 1.21 .63 -0.37 .54 -1.29 .28 0.53 .81 0.42 8.134 1.757 8.435 1.721 1.729 8.602 1.729 1.722 1.726 8.776 1.73 1.729 1.724 8.971 1.73 1.733 1.732 9.118 1.727 1.734 1.725 1.727 5.35 4.81 6.44 5.26 5.09 6.94 8.35 4.97 4.66 7.00 5.65 5.43 7.43 8.00 5.20 4.88 7.51 6.11 5.92 7.85 8.25 5.42 5.07 7.35 6.03 5.86 7.74 8.37 5.30 5.23 7.55 6.28 5.95 7.91 8.50 5.45 5.34 7.83 6.66 6.08 8.21 8.50 5.73 5.57 7.59 6.52 6.00 8.33 8.73 5.85 5.72 7.54 6.26 5.83 8.24 8.83 6.02 5.67 7.49 5.99 5.75 8.15 9.00 6.27 5.92 7.85 6.44 6.00 8.52 9.24 6.53 5.74 7.75 6.10 5.80 8.29 9.50 6.54 5.93 7.66 6.05 5.63 8.15 9.50 6.50 6.11 7.47 5.83 5.51 8.03 9.50 6.52 5.99 7.50 5.80 5.56 7.91 9.50 6.51 6.10 7.50 5.74 5.59 7.80 9.50 6.51 6.18 7.41 5.72 5.54 7.75 9.50 1,084.31 1,326.06 1,300.01 1,391.00 1,428.68 1,425.59 1,388.87 1,442.21 1,461.36 1,418.48 1,461.96 1,473.00 1,485.46 1,468.05 1,390.14 1,375.04 Labor markets (thousands, monthly and quarterly data seasonally adjusted, unless otherwise noted)1 Civilian labor force Labor force participation rates (percent): Males 20 and over Females 20 and over 16—19 years of age Civilian employment Ratio, civilian employment to working-age population (percent) Persons engaged in nonagricultural activities ... Employees on nonagricultural payrolls Goods-producing industries Services-producing industries Average weekly hours, manufacturing (hours) .. Average weekly overtime hours, manufacturing (hours) Number of persons unemployed Unemployment rates (percent): Total 15 weeks and over Average duration of unemployment (weeks) Nonfarm business sector, 1992=100: Output per hour of all persons Unit labor costs Hourly compensation See footnotes at the end of the table. 137,673 139,368 139,697 139,834 140,108 140,910 141,165 140,867 141,230 140,489 140,762 140,399 140,742 140,639 140,918 76.8 60.4 52.8 131,463 76.7 76.5 77.0 76.6 77.2 76.5 76.9 60.7 61.2 60.7 60.7 61.2 61.2 60.7 52.0 52.1 52.1 52.1 51.7 52.3 52.4 133,488 133,940 134,098 134,420 135,221 135,362 135,159 64.1 128,085 125,865 25,414 100,451 41.7 64.3 130,207 128,786 25,482 103,304 41.7 64.2 130,702 129,523 25,483 104,040 41.8 64.3 130,788 129,788 25,527 104,261 41.7 64.4 131,141 130,038 25,561 104,477 41.7 64.8 131,850 130,387 25,677 104,710 41.7 4.6 4.6 4.6 4.7 4.7 4.7 6,210 5,880 5,757 5,736 5,688 4.5 1.2 14.5 4.2 1.1 13.4 4.1 1.0 13.2 4.1 1.0 13.0 4.1 1.0 12.8 110.2 107.7 118.6 113.4 109.7 124.4 115.8 109.3 126.5 4.0 1.0 13.2 64.8 131,954 130,482 25,624 104,858 41.8 64.7 131,801 131,009 25,738 105,271 41.7 141,052 76.4 61.0 51.6 134,715 76.4 76.3 76.6 61.0 60.8 60.5 52.9 51.3 52.7 135,179 134,749 134,912 76.5 76.4 76.5 60.6 60.6 60.6 52.4 51.6 52.1 135,161 135,422 135,373 64.3 131,417 131,590 25,684 105,906 41.4 42.2 64.5 64.2 64.3 131,858 131,450 131,569 131,647 131,607 131,528 25,700 25,756 25,644 105,947 105,851 105,884 41.7 41.4 41.6 64.3 131,821 131,723 25,639 106,084 41.3 76.7 61.4 53.1 135,706 64.9 132,351 131,419 25,725 105,694 64.4 132,188 131,800 25,660 106,140 41.4 64.3 132,219 131,894 25,656 106,238 41.1 4.7 4.6 4.9 4.5 4.6 4.5 4.4 4.5 4.3 5,804 5,708 5,524 5,774 5,583 5,650 5,829 5,477 5,496 5,679 4.1 0.9 12.5 4.1 0.9 12.8 3.9 0.9 12.4 4.1 1.0 12.6 4.0 0.9 12.4 4.0 0.9 13.3 4.1 1.0 13.0 3.9 0.9 11.9 3.9 0.9 12.4 4.0 0.9 12.4 116.3 109.8 127.8 118.1 109.7 129.6 119.1 110.5 131.6 D-42 National Data SURVEY OF CURRENT BUSINESS January 2001 Table D.1.—Domestic Perspectives—Continued 1999 1998 2000 1999 Oct. Nov. Dec. Jan. Feb. Mar. Apr. May July June Construction (monthly data seasonally adjusted at annual rates) Aug. Sept. Oct. Nov. 4 Total new private construction put in place (billions of dollars) Residential Nonresidential 552.2 314.6 190.7 591.6 348.8 195.8 584.9 350.0 191.5 596.9 353.9 197.4 605.8 358.2 199.7 614.6 365.1 202.5 629.6 368.7 215.5 637.7 372.1 218.0 629.5 368.9 214.6 629.8 367.7 215.6 624.4 363.8 213.6 619.0 355.2 216.0 616.9 350.8 219.5 625.3 351.7 222.7 632.9 359.1 224.7 632.2 353.8 227.5 Housing starts (thousands of units): Total 1-unit structures 1,617 1,271 1,667 1,335 1,636 1,343 1,663 1,344 1,769 1,441 1,744 1,361 1,822 1,324 1,630 1,327 1,652 1,310 1,591 1,258 1,571 1,227 1,527 1,201 1,519 1,229 1,537 1,226 1,528 1,225 1,562 1,220 907 906 895 916 927 905 947 865 875 827 914 852 953 928 New 1-family houses sold (thousands of units) Manufacturing and trade, inventories and sales (millions of dollars, monthly data seasonally adjusted) Inventories: Total manufacturing and trade Manufacturing Merchant wholesalers Retail trade 1,085,669 1,136,555 456,330 460,048 291,478 309,445 337,861 367,062 Sales: Total manufacturing and trade Manufacturing Merchant wholesalers Retail trade 9,352,958 9,994,284 4,052,248 4,259,532 2,555,117 2,742,482 2,745,593 2,994,929 1,134,723 1,144,815 1,150,554 1,156,942 1,162,448 1,165,746 1,171,965 467,522 469,836 470,377 472,706 475,999 475,887 477,868 303,955 306,900 307,925 310,368 312,230 314,206 317,164 363,246 368,079 372,252 373,868 374,219 375,653 376,933 850,844 360,201 235,776 254,867 861,000 364,971 238,540 257,489 871,172 367,872 241,672 261,628 877,271 370,565 243,213 263,493 881,157 370,865 243,128 267,164 891,597 377,562 245,678 268,357 886,555 373,079 246,357 267,119 4 1,182,162 1,192,224 1,197,112 1,205,636 1,207,688 1,215,282 479,362 482,041 486,303 487,644 488,884 491,857 320,188 323,252 324,313 326,195 326,352 327,416 382,612 386,931 386,496 391,797 392,452 396,009 895,965 381,157 247,391 267,417 902,798 384,208 250,154 268,436 897,634 377,584 249,405 270,645 901,289 380,780 249,960 270,549 903,881 380,025 251,142 272,714 901,646 377,720 251,129 272,797 Industrial production indexes and capacity utilization rates (monthly data seasonally adjusted) 2 Industrial production indexes, 1992=100: Total By industry: Durable manufactures Nondurable manufactures . By market category: Consumer goods Capacity utilization rates (percent): Total industry Manufacturing 134.0 139.6 141.5 141.9 142.8 143.6 144.3 145.2 146.3 147.2 147.9 147.6 148.6 149.1 148.9 148.6 162.3 114.4 175.6 115.4 180.2 115.7 181.0 116.3 182.6 116.5 185.1 116.0 186.3 116.3 188.9 116.6 191.0 116.7 193.0 116.7 194.6 116.7 194.7 116.3 196.9 116.3 198.3 116.2 197.7 196.9 116.6 115.9 118.4 120.8 122.1 121.5 122.4 122.1 122.8 122.2 123.2 123.5 124.2 122.9 123.8 124.1 123.0 123.2 82.1 81.3 81.2 80.5 81.5 80.8 81.5 80.9 81.7 81.0 81.9 81.2 82.0 81.2 82.2 81.6 82.5 81.8 82.7 81.9 82.7 82.0 82.3 81.6 82.6 81.7 82.5 81.7 Credit market borrowing (billions of dollars, quarterly data seasonally adjusted at annual rates) 2 All sectors, by instrument: Total Open market paper U.S. government securities .., Municipal securities Corporate and foreign bonds Bank loans, n.e.c Other loans and advances ... Mortgages Consumer credit Sources: 1. Bureau of Labor Statistics 2. Federal Reserve Board 2,160.1 193.1 418.3 96.8 550.4 145.0 158.5 530.3 67.6 2,233.6 229.9 520.8 68.2 465.9 68.9 172.6 612.9 94.4 2,175.8 556.6 518.9 52.5 131.5 55.2 147.3 604.3 109.5 1,676.0 223.7 33.6 8.9 398.4 147.7 225.7 496.0 142.0 3. Standard and Poor's, Inc. 4. Bureau of the Census n.e.c. Not elsewhere classified 1,764.4 205.1 -43.5 34.0 355.0 174.2 229.4 675.6 134.6 1,535.5 133.6 285.4 29.8 397.7 43.1 -46.2 571.7 120.4 82.1 81.4 81.6 80.6 D-44 • National Data SURVEY OF CURRENT BUSINESS January 2001 OF FEDERAL GOVERNMENT REC Personal tax and nontax Contributions for social hsurance Indirect biahess taxes mm OF FEDERAL GOVERNMENT C U R R § t EXPENDITURES Consumption expenditures Grants to State and local govarnmenis NT SURPLUS/DEFICIT ( N B TO GROSS M E S T I C PRODUCT National Data • SURVEY OF CURRENT BUSINESS January 2001 RATK&&AVING TO GROSS NATIONAL PRODUCT Gross government savfrig R A m INVESTMENT TO GROSS NATIONAL PRODUCT Gross private domestic investment Gross government investment Net foreign investment OF GROSS PRIVATE DOMESTIC FIXE) INVESTMENT^ Equipment and software, non residential Residential investment Structures, nonresidential D-45 D-46 • National Data SURVEY OF CURRENT BUSINESS January 2001 SELECTED NIPA SERIES SHARES OF NATIONAL INCOME 1999 Wage and salary accruals, 63.1% Net interest, 6.8% Corporate profits with IVA and CCAdj, 13.0% Corporate profits with IVA and CCAdj, 11.5% Supplements to wages and salaries, 5.2% Rental income of persons Proprietors' income with CCAdj, 1.9% with IVA and CCAdj, 8.9% Proprietors' income with IVA and CCAdj, 12.6% SHARES OF GROSS DOMESTIC PRODUCT BY SECTOR 1959 1999 Business 84.7% Business, 86.1% General government, 11.5% General government, 11.0% Households and institutions, 4.3% SHARES OF GROSS DOMESTIC PURCHASES Personal consumption expenditures, 62.5% 1959 Personal consumption expenditures, 65.6% Government consumption expenditures and gross investment, 17.1% Government consumption expenditures and gross investment, 22.1% Presidential investment, 9.9% Residential investment, 5.5% 1999 Nonresidential investment 13.1% Residential investment, 4.2% ^^^I^^^^Mi January 2001 SURVEY OF CURRENT BUSINESS SELECTED NIPA SERIES SHAfiES OF GROSS DOMESTIC PRODUCT BVTYPE OF PROB|igT SHAHS OF PERSONAL CONSUMPTION EX^SDITURES B Y H K OF PRODUCT National Data • D-47 D-48 • National Data SURVEY OF CURRENT BUSINESS January 2001 MARGIN, DOMESTIC NONFI profits per unit to cost and profit per unit /SALES RATIOS, CURRENT-DO Nonfarm inventories to final sate* of goods and structures Invetfones final sales of domestic business it Nonfar|||wentories to final s A of domestic business "Based on culit-dollar estimates of inventories and sales /SALES RATIOS, REAL* inventories to U l l e s of goods and structures Inv^bries to final sales of domestic business inventories to les of domestic business 'Based on chained (19flfi) dollar estimates of inventories and sales mm mm National Data • SURVEY OF CURRENT BUSINESS January 2001 CONSUMER FftlCgfjDEX (PERCENT CHAN i i jffltems less food and energy inished goods lessfcod and energy INDUSTRIAL ^ODyETION INDEX, 1992=100 f l CAPACITY U T I I Z / W N RATE AVERAGE W 9 K H E R T I M E HOURS, MANl)ff\CTURING D-49 D-50 • National Data SURVEY OF CURRENT BUSINESS mmmmmm. January 2001 International Data • SURVEY OF CURRENT BUSINESS January 2001 D-63 Table H.1.—International Perspectives—Continued 1999 1998 2000 1999 Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Short-term, 3-month, interest rates (percent, not seasonally adjusted) Canada Euro zone japan , Mexico United Kingdom 4.98 3.83 72 26.11 7.33 4.83 2.97 25 22.38 5.45 4.68 2.73 12 21.34 5.32 4.76 3.38 28 20.30 5.94 4.86 3.47 34 18.68 5.78 5.12 3.44 26 17.65 5.96 5.04 3.34 12 17.43 6.05 5.07 3.54 10 16.44 6.15 5.35 3.75 5.39 3.93 5.84 4.35 5.83 4.50 5.79 4.58 5.81 4.78 5.79 4,85 5.83 5.04 14.46 6.15 14.37 6.20 15.58 6.23 16.61 6.13 14.62 6.11 15.71 6.13 16.15 6.12 17.06 6.08 Addendum: United States 4.81 4.66 4.73 4.88 5.07 5.23 5.34 5.57 5.72 5.67 5.92 5.74 5.93 6.11 5.99 6.10 Long-term interest rates , government bond yields (percent, not seasc nally adj jsted) Canada Euro zone France Germany Italy Japan United Kingdom 5.45 4.70 4.82 4.60 4.88 1.54 5.52 5.68 4.66 4.94 4.50 4.73 1.75 5.08 5.88 5.24 5.35 5.00 5.28 1.76 5.65 6.26 5.47 5.67 5.30 5.52 1.69 5.83 6.15 5.18 5.66 5.00 5.25 1.82 5.28 6.22 5.30 5.81 5.20 5.36 1.77 5.38 6.48 5.70 6.11 5.50 5.75 1.69 5.82 6.19 5.66 5.96 5.50 5.73 1.80 5.62 5.93 5.49 5.73 5.30 5.58 1.80 5.36 5.90 5.41 5.84 5.20 5.47 1.70 5.30 6.10 5.52 5.92 5.40 5.67 1.70 5.40 5.89 5.35 5.94 5.20 5.51 1.70 5.20 5.84 5.45 6.00 5.20 5.59 1.70 5.20 5.77 5.40 6.04 5.30 5.56 1.80 5.29 5.81 5.47 5.93 5.20 5.63 1.90 5.34 5.79 5.42 5.92 Addendum: United States 5.26 5.65 5.92 6.11 6.03 6.28 6.66 6.52 6.26 5.99 6.44 6.10 6.05 5.83 5.80 5.74 5.58 5.19 Share price indices (not seasonally adjusted, 995=100} Canada France Germany rtaly Japan Mexico United Kingdom Addendum: United States . 152.4 192.2 197.7 221.0 85.0 191.1 150.5 159.2 234.6 204.9 246.0 100.0 240.3 168.4 156.9 242.3 203.2 243.0 108.0 227.6 166.7 163.7 243.0 202.7 235.0 110.0 245.6 164.3 169.7 264.9 218.1 241.0 117.0 276.5 175.0 189.8 289.3 234.8 271.0 119.0 321.3 185.1 191.3 295.1 253.6 283.0 120.0 296.7 183.7 205.9 316.7 279.6 320.0 124.0 332.0 178.2 213.4 329.7 293.8 337.0 210.8 318.2 272.9 309.0 208.7 324.2 265.8 316.0 229.9 333.4 266.0 321.0 234.7 332.6 262.9 328.0 253.7 336.5 261.8 325.0 234.1 336.5 256.6 327.0 217.4 316.5 242.6 317.0 336.7 189.8 299.2 178.7 268.6 175.2 313.1 182.1 293.5 182.3 300.3 180.7 285.4 179.2 288.1 172.5 189.0 213.0 209.0 206.0 218.0 219.0 218.0 208.0 214.0 222.0 220.0 223.0 224.0 229.0 233.0 222.0 1. All exchange rates are from the Board of Governors of the Federal Reserve System. 2. Rates lor selected euro-area currencies can be derived by using the following conversion rates: 1 euro = 6.55957 French francs, 1.95583 German marks, and 1936.27 Italian lire. 3. The rate shown for the United States is an index of the weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners, January 1997=100 and refects revised trade weights. For more information on the exchange rate indexes, see "New Summary Measures of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, vol. 84 (October 1998), pp. 811-18. NOTE.—U.S. interest rates, unemployment rates, and GDP growth rates are from the Federal Reserve, the Bureau of Labor Statistics, and BEA, respectively. GDP growth rates for other countries are calculated from levels published by those countries. Most other data (including U.S. consumer prices and U.S. share prices, both of which have been rebased to 1995 to facilitate comparison) are © OECD and are reproduced with permission. International Data • D—51 SURVEY OF CURRENT BUSINESS January 2001 International Data F. Transactions Tables Table F.I includes the most recent estimates of U.S. international trade in goods and services; the estimates were released on December 19, 2000 and include "preliminary" estimates for October 2000 and "revised" estimates for April-September 2000. The sources for the other tables in this section are as noted. Table F.1.—U.S. International Transactions in Goods and Services [Millions of dollars; monthly estimates seasonally adjusted] 1999 Sept. Exports of goods and services .... Goods Foods, feeds, and beverages Industrial supplies and materials Capital goods, except automotive Automotive vehicles, engines, and parts Consumer goods (nonfood), except automotive , Other goods Adjustments1 Services Travel Passenger fares Other transportation Royalties and license fees Other private services Transfers under U.S. military agency sales contracts2 U.S. Government miscellaneous services Oct. 2000 Nov. Dec. Feb. 81,857 82,349 83,198 84,107 83,691 59,094 4,130 59,682 3,748 13,717 26,379 6,397 6,915 2,789 -263 61,211 3,846 13,559 27,784 6,596 7,193 3,124 -891 60,321 3,951 13,283 27,428 3,056 -1,147 59,193 3,992 13,183 26,793 6,391 6,790 2,894 -850 271,884 74,881 19,776 27,033 36,467 96,508 16,334 885 22,763 6,347 1,752 2,240 3,027 8,108 1,208 81 23,156 6,577 1,672 2,355 3,035 8,228 1,213 76 23,516 6,731 1,693 2,398 3,034 8,412 1,175 73 22,896 6,174 1,590 2,344 3,038 8,478 1,201 71 23,370 6,616 1,456 2,334 3,092 8,612 1,191 1,099,875 1,221,213 932,977 956,242 670,324 148,266 299,612 73,157 79,261 35,444 -11,813 262,653 71,286 20,098 25,604 36,197 90,914 17,628 45,532 147,000 311,406 75,756 80,768 35,336 -11,439 26,702 3,003 Apr.' May July. Aug. r Sept.' Oct.* 91,288 89,655 92,868 92,654 91,231 14,278 31,124 7,033 7,753 3,170 -889 65,096 4,084 13,987 30,661 6,455 7,556 2,895 -541 67,973 4,279 14,843 31,813 7,134 7,691 2,974 -761 67,836 4,155 15,300 31,684 6,629 7,670 2,980 -582 66,431 4,016 15,098 31,169 6,695 7,312 2,967 -827 June.' 85,312 86,975 87,606 87,074 3,865 13,862 26,972 6,549 7,374 3,380 -1,108 62,513 3,953 14,649 27,176 6,901 7,422 2,989 -576 62,566 3,851 13,728 29,056 6,417 7,214 2,842 -542 62,749 3,977 13,749 29,055 6,568 7,165 2,932 24,418 6,998 1,851 2,384 3,117 8,820 1,180 24,462 6,817 1,755 2,534 3,144 8,942 1,203 67 25,040 7,394 1,822 2,454 3,197 8,875 1,228 70 24,325 6,916 1,762 2,462 3,201 8,710 1,203 71 24,820 7,053 1,803 2,518 3,186 8,920 1,268 72 24,559 7,047 1,760 2,504 3,134 8,762 1,279 73 24,895 7,177 1,840 2,563 3,113 8,878 1,251 73 24,818 7,343 1,875 2,529 3,102 8,705 1,190 74 24,800 7,215 1,852 2,516 3,121 8,785 1,239 72 105,904 107,259 108,909 109,764 110,957 112,793 117,345 116,777 116,678 121,114 121,479 122,927 126,395 124,415 Goods Foods, feeds, and beverages Industrial supplies and materials Capital goods, except automotive Automotive vehicles, engines, and parts Consumer goods (nonfood), except automotive .... Other goods Adjustments1 917,178 1,029,917 43,579 41,243 222,024 200,140 269,557 297,112 149,054 179,393 216,515 43,046 35,387 5,299 5,281 20,349 25,104 15,543 20,312 3,715 953 90,769 3,628 20,651 25,860 15,357 20,893 3,865 514 92,082 3,747 20,816 26,230 15,523 21,130 3,717 922 93,466 3,768 21,274 26,592 16,119 21,202 3,758 753 94,370 3,648 21,831 26,547 16,364 21,405 3,882 95,535 3,668 23,560 26,772 15,595 21,179 3,901 99,661 3,827 24,579 27,749 16,372 22,536 3,924 674 99,460 3,769 23,382 28,669 16,501 22,937 3,951 251 99,224 3,802 23,925 28,812 15,620 23,030 3,769 265 103,330 3,836 25,430 29,644 16,741 23,129 4,147 403 103,620 3,930 25,801 29,553 17,000 23,067 4,096 173 104,657 3,966 25,095 30,769 16,918 23,283 4,300 325 107,165 3,928 26,515 31,529 16,726 23,666 4,162 618 105,919 3,817 25,973 31,063 16,666 23,757 4,033 611 Services . Travel . 182,697 56,509 19,971 30,363 11,713 49,051 12,241 2,849 191,296 59,351 21,405 34,137 13,275 46,657 13,650 2,821 16,237 4,920 1,788 3,047 1,127 3,895 1,205 255 16,490 5,175 1,874 2,990 1,194 3,890 1,134 233 16,827 5,236 1,898 3,142 1,221 3,986 1,115 229 16,298 4,863 1,796 3,082 1,241 3,979 1,109 228 16,587 5,004 1,779 3,076 1,198 4,185 1,108 237 17,258 5,302 1,947 3,217 1,194 4,253 1,107 17,684 5,531 2,051 3,289 1,198 4,269 1,107 239 17,317 5,313 1,957 3,218 1,208 4,248 1,136 237 17,454 5,242 1,957 3,341 1,219 4,312 1,145 17,784 5,489 2,030 3,341 1,234 4,301 1,150 17,859 5,404 2,011 3,402 1,268 4,382 1,152 240 18,270 5,547 2,086 3,529 1,283 4,432 1,151 242 19,230 5,753 2,106 3,530 1,961 4,491 1,147 242 18,496 5,654 2,069 3,573 1,342 4,479 1,142 237 Imports of goods and services Other transportation . Other private services Direct defense expenditures2 U.S. Government miscellaneous services . Memoranda: Balance on goods Balance on services Balance on goods and services -36,474 -36,862 -38,523 -36,684 -246,853 -345,559 -30,573 -31,576 -32,401 -32,255 -34,049 -34,641 -37,148 6,871 6,304 5,588 6,625 6,700 7,036 7,723 6,778 7,160 6,783 6,598 6,689 6,666 6,526 80,588 79,956 -166,897 -264,971 -24,047 -24,910 -25,712 -25,657 -27,266 -27,481 -30,370 -29,172 -29,603 -29,826 -31,823 -30,059 -33,740 -33,184 p Preliminary. 1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and definitions used to prepare BEA's international and national accounts. 2. Contains goods that cannot be separately identified. Source: U.S. Department of Commerce, Bureau of Economic Analysis and Bureau of the Census D-52 International Data SURVEY OF CURRENT BUSINESS January 2001 Table F-2.—U.S. International Transactions [Millions of dollars] Not seasonally adjusted (Credits +; debits - ) ' Line IV III Seasonally adjusted I IV III III* II' 2000 1999 2000 1999 1999 I III" IK Current account 1 2 1,232,407 310,234 329,184 335,995 353,294 358,652 313,084 324,612 336,854 353,622 361,467 956,242 239,133 254,892 254,449 265,506 272,007 241,969 249,653 255,977 265,969 274,657 684,358 185,724 184,593 193,191 180,085 183,728 191,783 200,385 69,168 3,589 69,856 3,574 72,315 3,699 192,913 79,094 3,720 173,881 271,884 16,334 166,831 72,302 3,944 68,088 3,944 69,568 3,589 72,249 3,574 74,186 3,699 74,272 3,720 Travel Passenger fares Other transportation 74,881 19,776 27,033 21,908 5,760 7,079 18,620 4,794 7,056 17,783 4,697 6,920 21,365 5,231 7,440 25,299 6,200 7,975 18,695 5,105 6,728 19,482 4,955 7,097 20,431 5,062 7,252 21,363 5,387 7,434 21,567 5,475 7,596 Royalties and license fees s Other private servicess U.S. Government miscellaneous services 36,467 96,508 885 9,007 24,365 239 9,710 25,179 220 9,088 27,590 204 9,278 25,089 213 9,238 26,442 220 9,106 24,271 239 9,107 25,118 220 9,353 26,373 204 9,584 26,506 213 9,349 26,345 220 276,165 273,957 118,802 151,958 3,197 2,208 71,101 70,542 31,246 38,449 847 559 74,292 73,726 31,044 41,970 712 566 81,546 80,971 34,734 45,091 1,146 575 87,788 87,205 38,252 47,938 1,015 583 86,645 86,056 37,066 48,050 940 589 71,115 70,556 31,361 38,449 746 559 74,959 74,393 31,691 41,970 732 566 80,877 80,302 34,116 45,091 1,095 575 87,653 87,070 37,898 47,938 1,234 583 86,810 86,221 37,340 48,050 831 589 -1,515,861 -397,633 -409,741 -416,801 -447,191 -468,578 -391,337 -406,575 -426,335 -446,323 -462,488 -1,221,213 -320,955 -329,276 -332,009 -354,899 -325,933 -341,094 -354,567 -371,160 -268,507 -281,526 -284,485 -300,624 -377,275 -317,524 -314,687 -1,029,917 -266,199 -276,318 -289,566 -302,014 -315,801 -191,296 -13,650 -52,448 -3,626 -47,750 -3,358 -47,524 -3,322 -54,275 -3,431 -59,751 -3,450 -48,488 -3,626 -49,615 -3,358 -51,528 -3,322 -52,553 -3,431 -55,359 -3,450 Exports of goods and services and income receipts Exports of goods and services 3 Goods, balance of payments basis 2 4 5 Services ^ Transfers under U S military agency sales contracts4 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Income receipts Income receipts on U S -owned assets abroad Direct investment receipts Other private receipts U.S. Government receipts Compensation of employees Imports of goods and services and income payments Imports of goods and services 20 Goods, balance of payments basis2 21 22 Services3 Direct defense expenditures 23 24 25 Travel Passenger fares Other transportation -59,351 -21,405 -34,137 -18,017 -5,964 -9,185 -13,147 -5,015 -9,241 -13,313 -5,258 -9,227 -17,404 -6,381 -9,957 -20,198 -6,909 -10,743 -14,799 -5,348 -8,953 -15,274 -5,568 -9,214 -15,837 -5,777 -9,582 -16,044 -5,944 -9,900 -16,704 -6,203 -10,461 26 27 28 Royalties and license fees *• Other private services5 U.S. Government miscellaneous services -13,275 -46,657 -2,821 -3,223 -11,667 -766 -3,881 -12,418 -690 -3,528 -12,162 -714 -3,591 -12,797 -714 -4,411 -13,316 -724 -3,314 -11,682 -766 -3,656 -11,855 -690 -3,590 -12,706 -714 -3,661 -12,859 -714 -4,512 -13,305 -724 -294,648 -287,059 -56,098 -135,830 -95,131 -7,589 -76,678 -74,696 -15,607 -34,942 -24,147 -1,982 -80,465 -78,404 -15,108 -38,136 -25,160 -2,061 -84,792 -82,964 -16,723 -40,167 -26,074 -1,828 -92,292 -90,412 -19,519 -43,992 -26,901 -1,880 -91,303 -89,297 -15,686 -46,242 -27,369 -2,006 -76,650 -74,749 -15,660 -34,942 -24,147 -1,901 -80,642 -78,712 -15,416 -38,136 -25,160 -1,930 -85,241 -83,289 -17,048 -40,167 -26,074 -1,952 -91,756 -89,776 -18,883 -43,992 -26,901 -1,980 -91,328 -89,393 -15,782 -46,242 -27,369 -1,935 -48,025 -13,774 -4,401 -29,850 -11,355 -2,847 -1,010 -7,498 -14,690 -5,256 -1,641 -7,793 -12,249 -2,912 -1,087 -8,250 -11,874 -3,232 -912 -7,730 -12,832 -3,581 -1,024 -8,227 -11,396 -2,847 -1,080 -7,469 -14,260 -5,256 -1,181 -7,823 -12,024 -2,912 -1,114 -7,998 -12,270 -3,232 -1,125 -7,913 -12,752 -3,581 -1,129 -8,042 29 30 31 32 33 34 35 36 37 38 Income payments Income payments on foreign-owned assets in the United States Direct investment payments Other private payments U.S. Government payments Compensation of employees Unilateral current transfers, net U.S. Government grants4 U.S. Government pensions and other transfers Private remittances and other transfers6 Capital and financial account Capital account 39 Capital account transactions, net -3,500 171 -3,993 166 170 165 171 -3,993 166 170 165 -430,187 8,747 -124,257 -108,555 -181,783 -94,922 -78,677 -122,909 -114,882 -178,958 -92,424 -77,204 1,951 1,569 -554 2,020 -346 1,951 1,569 -554 2,020 -346 10 5,484 3,253 -184 2,268 -133 -178 1,800 -53 -180 -237 -137 -180 2,328 -128 -182 1,300 -1,464 -184 2,268 -133 -178 1,800 -53 -180 -237 -137 -180 2,328 -128 -182 1,300 -1,464 2,751 -6,175 9,560 -634 -686 -1,595 1,026 -117 -131 -1,750 1,328 291 -124,174 -43,552 -41,420 -27,943 -11,259 3,711 -1,099 5,093 -283 -120,162 -33,280 -17,150 -24,428 -45,304 -131 -1,750 1,328 291 -178,273 -42,963 -27,236 -52,563 -55,511 183,002 -181,098 -45,788 -27,236 -52,563 -55,511 236,634 110 -1,052 1,263 -101 -78,441 -37,561 -30,428 931 -11,383 200,936 194,210 184,567 236,535 -574 -1,235 720 -59 -93,870 -37,487 -38,196 -36,507 18,320 245,149 110 -1,052 1,263 -101 -125,522 -44,900 -41,420 -27,943 -11,259 194,924 -574 -1,235 720 -59 -96,368 -39,985 -38,196 -36,507 18,320 245,932 -686 -1,595 1,026 -117 -441,685 -150,901 -128,594 -92,328 -69,862 753,564 3,711 -1,099 5,093 -283 -113,835 -26,953 -17,150 -24,428 -45,304 42,864 32,527 12,177 20,350 -3,255 12,692 900 12,191 14,798 12,963 1,835 -760 -2,032 185 27,495 11,852 5,122 6,730 89 14,427 1,127 22,015 24,305 16,198 8,107 -644 -2,577 931 6,346 6,334 -4,000 10,334 -781 -111 904 11,625 5,271 -9,001 14,272 -620 6,339 635 12,191 14,798 12,963 1,835 -760 -2,032 185 27,495 11,852 5,122 6,730 89 14,427 1,127 22,015 24,305 16,198 8,107 -644 -2,577 931 6,346 6,334 -4,000 10,334 -781 -111 904 11,625 5,271 -9,001 14,272 -620 6,339 635 710,700 275 533 -20,464 331,523 22 407 34,298 67,403 182,733 56 277 9,639 95,620 4 697 -8,085 24,585 155,507 47 825 -17,191 92,250 12213 792 19,618 214,619 49 061 -9,248 132,416 -6 847 58,061 -8,824 239,586 101 106 -20,597 87,107 989 24,038 46,943 189,311 65 700 -12,642 118,882 757 2,633 13,981 182,019 55 563 214,520 48,962 -9|248 132,416 -6,847 24,585 157,072 49,390 -17J91 92,250 12,213 792 19,618 -8,824 238,803 100,323 -20,597 87,107 989 24,038 46,943 188,544 64,933 -12^642 118,882 757 2,633 13,981 11,602 27,916 24,793 38,038 -45,409 334 18,177 -9,739 30,531 5,738 43,762 5,724 -47,924 -2,515 -9,357 -9,691 -345,559 80,588 -264,971 -18,483 -48,025 -331,479 -101,676 19,854 -81,822 -5,577 -11,355 -98,754 -95,802 21,418 -74,384 -6,173 -14,690 -95,247 -99,892 22,332 -77,560 -3,246 -12,249 -93,055 -107,433 18,040 -89,393 -4,504 -11,874 -105,771 -124,611 19,343 -105,268 -4,658 -12 832 -122,758 -92,318 19,600 -72,718 -5,535 -11 396 -89,649 -96,233 19,953 -76,280 -5,683 -14 260 -96,223 -105,838 20,721 -85,117 -4,364 -12,024 -101,505 -110,231 21,633 -88,598 -4,103 -12,270 -104,971 -115,416 18,913 -96,503 -4,518 -12,752 -113,773 Financial account 40 41 42 43 44 45 U S.-owned assets abroad, net (increase/financial outflow (-)) U.S. official reserve assets, net Gold7 Special drawing rights Reserve position in the International Monetary Fund Foreign currencies 46 47 48 49 50 51 52 53 54 U.S. Government assets, other than official reserve assets, net U.S. credits and other long-term assets Repayments on U.S. credits and other long-term assets8 U.S. foreign currency holdings and U S short-term assets, net U.S. private assets, net .. Direct investment Foreign securities U.S. claims on unaffiliated foreigners reported by U S nonbanking concerns U.S. claims reported by U S banks, not included elsewhere 55 Foreign-owned assets in the United States, net (increase/financial inflow(+)) 56 57 58 59 60 61 62 Foreign official assets in the United States net U.S. Government securities U.S. Treasury securities9 Other10 Other U.S. Government liabilities'' U.S. liabilities reported by U.S. banks, not included elsewhere Other foreign official assets12 . 63 64 65 66 67 68 69 Other foreign assets in the United States, net Direct investment U.S. Treasury securities U.S. securities other than U.S. Treasury securities U S currency U.S. liabilities to unaffiliated foreigners reported by U S nonbanking concerns U.S. liabilities reported by U.S. banks, not included elsewhere 70 70a 71 72 73 74 75 76 Statistical discrepancy (sum of above items with sign reversed) Of which seasonal adjustment discrepancy Memoranda: Balance on goods (lines 3 and 20) Balance on services (lines 4 and 21) Balance on goods and services (lines 2 and 19) Balance on income (lines 12 and 29) Unilateral current transfers net (line 35) Balance on current account (lines 1, 18, and 35 or lines 73, 74, and 75) 13 p Preliminary. Revised. 1. Credits, +: Exports of goods and services and income receipts; unilateral current transfers to the United States; capital account transactions receipts; financial inflows—increase in foreign-owned assets (U.S. liabilities) or decrease in U.S.-owned assets (U.S. claims). Debits, -: Imports of goods and services and income payments; unilateral current transfers to foreigners; capital accounts transactions payments; financial outflows—decrease in foreign-owned assets (U.S. liabilities) or increase in U.S.-owned assets (U.S. claims). 2. Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents, excludes imports of goods under direct defense expenditures identified in Census import documents, and reflects various other adjustments (for valuation, coverage, and timing) of Census statistics to balance of payments basis; r 9^639 95,620 4,697 -8i085 58^061 -76,968 -36,088 -30,428 931 -11,383 200,169 see table 2 in "U.S. International Transactions, Third Quarter 2000" in this issue of the SURVEY. 3. Includes some goods: Mainly military equipment in line 5; major equipment, other materials, supplies, and petroleum products purchased abroad by U.S. military agencies in line 22; and fuels purchased by airline and steamship operators in lines 8 and 25. 4. Includes transfers of goods and services under U.S. military grant programs. 5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude U.S. parents' payments to foreign affiliates and to include U.S. affiliates' receipts from foreign parents. The definition of imports is revised to include U.S. parents' payments to foreign affiliates and to exclude U.S. affiliates' receipts from foreign parents. January 2001 D-53 International Data SURVEY OF CURRENT BUSINESS Table F.3.—U.S. International Transactions, by Area [Millions of dollars] European Union Western Europe (Credits +; debits - ) l 2000 u 2000 United Kingdom European Union (6) 15 2000 2000 III" Current account Exports of goods and services and Income receipts Exports of goods and services Goods, balance of payments basis2 Services3 Transfers under U.S. military agency sales contracts4 Travel Passenger fares Other transportation Royalties and license fees 5 Other private services5 U.S. Government miscellaneous services Income receipts Income receipts on U.S.-owned assets abroad Direct investment receipts Other private receipts U.S. Government receipts Compensation of employees Imports of goods and services and income payments Imports of goods and services Goods, balance of payments basis2 Services3 Direct defense expenditures Travel Passenger fares Other transportation Royalties and license fees5 Other private services5 U.S. Government miscellaneous services Income payments Income payments on foreign-owned assets in the United States Direct investment payments Other private payments U.S. Government payments Compensation of employees Unilateral current transfers, net U.S. Government grants4 U.S. Government pensions and other transfers Private remittances and other transfers6 104,910 109,343 109,132 98,064 98,510 31,984 33,066 32,697 46,714 48,950 50,496 68,077 43,726 24,351 957 5,470 1,368 2,147 4,558 9,811 40 70,535 44,452 26,083 1,001 7,061 1,817 2,253 4,571 9,338 42 70,624 42,590 28,034 981 8,460 2,314 2,448 4,480 9,306 45 60,474 38,838 21,636 592 4,922 1,326 1,849 4,261 8,650 36 64,040 40,529 23,511 617 6,478 1,725 1,940 4,214 8,499 38 64,440 39,256 25,184 607 7,761 2,177 2,139 4,064 8,395 41 17,178 17,774 17,607 32,993 34,708 10,030 10,097 9,587 22,753 23,400 7,148 90 1,979 508 419 7,677 93 2,541 678 460 8,020 92 2,911 791 511 10,240 209 2,070 663 972 11,308 218 2,790 847 999 947 3,198 7 799 3,099 7 798 2,909 8 2,265 4,037 24 2,279 4,149 26 35,936 23,568 12,368 214 3,620 1,136 1,123 2,143 4,104 28 36,833 36,795 16,374 20,168 253 38 38,808 38,769 16,957 21,665 147 39 38,508 38,471 16,473 21,754 244 37 32,725 32,690 14,247 18,232 211 35 34,024 33,988 14,542 19,313 133 36 34,070 34,036 14,300 19,531 205 34 14,806 14,789 6,141 8,648 15,292 15,274 6,300 8,974 15,090 15,073 5,786 9,287 17 18 17 13,721 13,707 6,386 7,186 135 14 14,242 14,228 6,358 7,753 117 14 14,560 14,547 6,779 7,636 132 13 -120,768 -77,357 -58,413 -18,944 -1,981 -3,784 -2,491 -3,028 -1,922 -5,455 -283 -43,411 -43,325 -11,890 -20,598 -10,837 -130,643 -131,036 -108,057 -43,654 -53,725 -57,966 -68,945 -16,866 -17,714 -17,724 -40,170 -43,600 -44,424 -59,737 -60,504 -52,155 -10,523 -10,755 -10,558 -31,997 -32,910 -33,551 -23,603 -1,986 -6,875 -3,361 -3,345 -24,999 -2,080 -7,371 -3,560 -3,656 -16,790 -1,585 -3,512 -2,212 -2,474 -6,343 -158 -1,217 -998 -640 -6,959 -152 -1,766 -1,086 -737 -10,690 -1,275 -3,384 -1,401 -1,284 -10,873 -1,350 -3,288 -1,323 -1,394 -1,899 -6,141 -292 -1,568 -5,195 -244 -401 -2,910 -19 -334 -2,864 -20 -7,166 -150 -1,815 -1,208 -782 -377 -2,813 -21 -8,173 -1,298 -1,758 -873 -1,179 -1,850 -5,899 -287 -848 -2,020 -197 -806 -2,341 -199 -830 -2,485 -203 -47,303 -47,227 -13,815 -22,647 -10,765 -76 -45,533 -45,461 -10,994 -23,818 -10,649 -72 -39,112 -39,044 -10,429 -18,615 -10,000 -68 -117,195 -76,507 -54,757 -21,750 -1,600 -6,544 -3,189 -2,986 -1,469 -5,710 -252 ^0,688 -40,629 -9,865 -20,871 -42,513 -85,503 -23,215 -23,193 -3,892 -13,587 -5,714 -22 -24,799 -24,778 -4,350 -14,744 -5,684 -21 -25,930 -25,910 -4,898 -15,468 -5,544 -20 -13,555 -13,516 -6,218 -4,040 -3,258 -39 -14,366 -14,331 -6,961 -4,141 -3,229 -35 -11,583 -11,549 -4,041 -4,337 -3,171 -34 -251 -134 -341 224 -372 -132 -355 115 -44 -1 -304 261 -117,476 -75,317 -54,434 -20,883 -1,520 -6,329 -2,999 -2,757 -1,501 -5,530 -247 -42,159 -42,097 -12,196 -19,901 -10,000 -62 25 -40,081 -83,340 -166 -351 122 -59 -69 -5 -314 250 -308 333 -56,007 290 328 323 -31 -101 -53 343 -54 382 -51 374 -167 118 138 -179 78 13 12 12 16 16 16 -63,862 -52,957 -37,134 -28,772 -11,204 -5,574 Capital and financial account Capital account Capital account transactions, net Financial account U.S.-owned assets abroad, net (increase/financial outflow (-)) .... -149,764 -40,716 -108,889 -68,001 -41,398 U.S. official reserve assets, net Gold 7 Special drawing rights Reserve position in the International Monetary Fund Foreign currencies U.S. Government assets, other than official reserve assets, net.... U.S. credits and other long-term assets Repayments on U.S. credits and other long-term assets8 U.S. foreign currency holdings and U.S. short-term assets, net -379 -310 -4,124 -100 -79 -619 -379 256 -73 295 34 -310 -4,124 -619 85 -18 -100 193 -29 189 33 -79 14 -308 311 11 55 -171 225 1 -149,641 -29,237 -9,730 -40,434 -19,974 -33,860 -63,759 -23,754 -32,647 -108,982 -27,579 -9,913 16 -11 33 -6 -67,938 -17,707 -32,727 -40,834 -21,851 -26,045 -63,873 -11,496 -11,998 -52,951 -9,409 -27,051 -37,134 -13,508 -19,922 -28,791 -11,830 2,457 -11,203 -4,256 -8,960 -5,576 -6,484 -9,863 -26,331 -84,343 -17,651 31,051 -7,358 -24,925 -46,565 -17,971 467 7,062 -26,790 -13,589 -8,102 -3,704 4,155 -23,573 -10,631 12,644 10,771 190,802 136,786 146,995 144,178 130,288 110,643 91,843 66,051 60,987 38,956 54,086 31,251 1,661 2,228 -936 (17) U.S. private assets, net Direct investment Foreign securities U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns U.S. claims reported by U.S. banks, not included elsewhere .... Foreign-owned assets in the United States, net (increase/ financial inflow (+)) Foreign official assets in the United States, net U.S. Government securities U.S. Treasury securities9 Other10 Other U.S. Government liabilities" U.S. liabilities reported by U.S. banks, not included elsewhere Other foreign official assets12 Other foreign assets in the United States, net Direct investment U.S. Treasury securities U.S. securities other than U.S. Treasury securities U.S. currency U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns U.S. liabilities reported by U.S. banks, not included elsewhere Statistical discrepancy (sum of above items with sign reversed) Memoranda: Balance on goods (lines 3 and 20) Balance on services (lines 4 and 21) Balance on goods and services (lines 2 and 19) Balance on income (lines 12 and 29) Unilateral current transfers, net (line 35) Balance on current account (lines 1,18, and 35 or lines 73, 74, and 75)i3 (•"' -209 18) (j ( (17) (17) (18) (18) (.8) -185 -238 -54 (18) -84 189,141 34,952 134,558 (17) (17) 147,931 52,990 102,565 67,112 58,425 (.7) 933 (17) (17) -24,822 -74,556 -14,687 5,407 -9,280 -6,578 -395 -16,253 l7 -88 () 79,577 (.8) 34,339 (18) (18) (18) (18) 73,219 (18) (18) 8,225 8 34,680 (18) 93,428 C) 49,558 53,537 (18) (\ n -39 -1 (18) (18) (18) (.8) 35,331 27,384 (18) (18) (18) (18) (18) 23,848 35,986 53,073 31,727 22 (18) (18) (18) (18) 13,470 24,791 75,148 -56,887 43,798 -27,149 -20,422 -14,223 18 5,643 -42,934 -15,285 2,480 -12,805 -8,495 -251 -17,914 3,035 -14,879 -7,025 -372 -13,317 4,846 -8,471 -6,387 -44 -21,551 -22,276 -14,902 6. Beginning in 1982, the "other transfers" component includes taxes paid by U.S. private residents to foreign governments and taxes paid by private nonresidents to the U.S. Government. 7. At the present time, all U.S. Treasury-owned gold is held in the United States. 8. Includes sales of foreign obligations to foreigners. 9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible bonds and notes. 10. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and of debt securities -6 8 43,950 -13,785 -50,525 -20,187 -12,842 18 8,315 -3,987 -13,905 2,628 -11,277 -8,135 25 -15,501 3,434 -12,067 -6,618 -493 805 312 -8,409 290 -19,387 -18,754 -7,807 18 -14,009 18 18 -8,636 8 524 -17,104 -1,729 -4,291 -33,851 18 18 -9,625 -20,081 -13,231 -3,140 -658 718 60 -9,507 328 -971 854 -117 -10,840 323 -9,244 2,067 -7,177 166 -49 -9,510 618 -124 -31 1,495 -8,488 2,977 -101 -9,119 -10,634 -7,060 -9,047 -5,612 of U.S. Government corporations and agencies. 11. Includes, primarily, U.S. Government liabilities associated with military agency sales contracts and other transactions arranged with or through foreign official agencies; see table 4 in "U.S. International Transactions, Third Quarter 2000" in this issue of SURVEY OF CURRENT BUSINESS. 12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State and local governments. D-54 International Data SURVEY OF CURRENT BUSINESS January 2001 Table F.3.—U.S. International Transactions, by Area—Continued [Millions of dollars] Eastern Europe (Credits +; debits - ) Canada Latin America and Other Western Hemisphere 2000 ] Current account 3,606 3,620 3,635 57,649 59,423 53,791 75,075 78,961 26,458 26,993 2,685 1,646 1,039 87 283 19 56 68 513 13 921 916 317 554 45 5 2,381 2,649 51,561 52,456 47,595 52,260 55,982 59,853 23,747 23,709 25,579 45,587 46,714 42,092 39,310 42,066 44,022 15,366 15,612 16,012 5,974 26 5,742 27 1,978 487 648 447 2,373 15 1,953 409 678 12,950 212 4,684 1,356 796 13,916 188 5,404 1,466 857 15,831 243 6,743 1,653 1,004 8,381 240 2,441 993 806 8,097 251 2,392 910 852 9,567 246 3,362 1,157 900 480 2,177 18 5,503 27 1,680 377 688 493 2,218 20 698 5,163 41 745 5,215 41 751 5,396 41 1,594 2,293 14 1,644 2,033 15 1,655 2,231 16 1,239 1,234 350 546 338 5 1,199 137 396 19 91 71 472 13 986 981 372 539 70 5 6,088 6,067 3,102 2,965 6,967 6,948 3,777 3,171 6,196 6,176 3,072 3,104 19,093 19,061 4,946 14,012 103 32 19,108 19,075 4,534 14,431 110 33 2,711 2,709 1,410 1,297 2 2 3,284 3,282 1,846 1,425 11 2 -5,029 -4,501 -4,018 -483 -41 -166 -55 -49 -11 -147 -14 -528 -507 -9 -182 -316 -21 -945 -465 -12 -468 -5,170 -4,535 -3,682 -853 -20 -402 -165 -76 -24 -152 -14 -635 -618 -32 -253 -333 -17 -948 -501 -12 -435 -6,131 -5,424 -4,441 -983 -20 -569 -126 -62 -23 -169 -14 -707 -691 -44 -276 -371 -16 -1,018 -535 -10 -473 7 6 -231 -996 Exports of goods and services and income receipts Exports of goods and services Goods, balance of payments basis 2 3 Services 4 Transfers under U.S. military agency sales contracts Travel Other transportation Royalties and license fees5 Other private services5 U.S. Government miscellaneous services Income receipts Income receipts on U.S.-owned assets abroad Direct investment receipts Other private receipts U.S. Government receipts Compensation of employees Imports of goods and services and income payments Imports of goods and services Goods, balance of payments basis2 3 Services Direct defense expenditures Travel Passenger fares Other transportation Royalties and license fees5 Other private services5 U.S. Government miscellaneous services Income payments Income payments on foreign-owned assets in the Unii Direct investment payments Other private payments U.S. Government payments Compensation of employees Unilateral current transfers, net U.S. Government grants4 U.S. Government pensions and other transfers Private remittances and other transfers6 1,305 1,076 71 361 23 133 69 407 12 21 19 20 17,188 17,156 4,228 12,836 92 32 -63,171 -65,946 -63,666 -74,005 -78,392 -83,229 -50,363 -52,593 3,356 3,354 1,835 1,518 1 2 -53,131 -60,524 -63,066 -61,716 -58,220 -60,908 -64,777 -39,068 -41,313 -41,716 -57,105 -58,906 -56,353 -49,353 -52,121 -54,710 -34,684 -36,515 -36,740 -3,419 -18 -1,009 -169 -873 -4,160 -16 -1,590 -232 -916 -5,363 -20 -2,693 -278 -902 -8,867 -27 -4,452 -874 -765 -8,787 -63 -4,171 -783 -769 -10,067 -65 -5,060 -943 -795 -4,384 -308 -694 -201 -1,298 -4,798 -322 -919 -266 -1,383 -4,976 -350 -846 -263 -1,550 -216 -1,083 -51 -250 -1,105 -51 -280 -1,138 -52 -260 -2,358 -131 -269 -2,601 -131 -282 -2,791 -131 -868 -979 -36 -945 -930 -33 -971 -962 -34 -2,647 -2,563 -850 -1,321 -392 -84 -2,880 -2,801 -586 -1,724 -491 -79 -1,950 -1,872 124 -1,470 -526 -78 -15,785 -14,330 -259 -11,033 -3,038 -1,455 -17,484 -15,901 -390 -12,320 -3,191 -1,583 -18,452 -16,718 -272 -13,097 -3,349 -1,734 -11,295 -11,272 -2,238 -2,940 -6,094 -23 -11,280 -11,264 -2,098 -2,660 -6,506 -16 -11,415 -11,401 -1,877 -2,877 -6,647 -14 -97 -42 -50 -28 -69 -28 -14 -24 -36 1,391 559 6,883 242 182 2,660 -187 -154 -124 -63 -124 -30 -134 -54 -3,858 -427 -181 -3,250 -3,888 -501 -169 -3,218 -4,053 -536 -172 -3,345 21 24 34 64 62 54 -11,940 -10,607 3,360 -7,161 -30,787 -14,756 Capital and financial account Capital account Capital account transactions, net Financial account U.S.-owned assets abroad, net (increase/financial outflow (-)) 1,799 U.S. official reserve assets, net Gold7 Special drawing rights Reserve position in the International Monetary Fund Foreign currencies U.S. Government assets, other than official reserve assets, net U.S. credits and other long-term assets Repayments on U.S. credits and other long-term assets8 U.S. foreign currency holdings and U.S. short-term assets, net U.S. private assets, net Direct investment Foreign securities U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns U.S. claims reported by U.S. banks, not included elsewhere Foreign-owned assets in the United States, net (increase/financial inflow W) Other foreign assets in the United States, net Direct investment U.S. Treasury securities U.S. securities other than U.S. Treasury securities U.S. currency U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns U.S. liabilities reported by U.S. banks, not included elsewhere 225 -13 123 -184 361 -54 -7,164 -3,822 -10,673 -30,852 -6,760 -10,257 -14,879 -2,178 -8,339 1,112 -671 -1,475 377 -1,782 13,730 4,224 -929 7,692 7,128 -27,081 34,412 -15,262 1,427 5,197 -9,559 2,611 647 -6,182 -5,389 -£539 1,393 27,666 25,526 -14,083 25,293 15,418 18) 18) -418 -454 31 5 10 -17 30 -3 -158 -903 -578 -283 -269 1,789 1,868 -208 -11,940 -2,889 -3,789 3,360 -3,937 -73 926 -28 2 129 -6,221 4,821 862 5,241 21,284 1,162 R R Foreign official assets in the United States, net U.S. Government securities U.S. Treasury securities9 Other10 Other U.S. Government liabilities" U.S. liabilities reported by U.S. banks, not included elsewhere Other foreign official assets12 (18) (,8) -425 n (17) '•) n n n (18) -20 n 20,122 10,261 ( 17 ) 5,083 796 (18) 149 660 n42 17,949 3,152 2,432 7 -601 Statistical discrepancy (sum of above items with sign reversed) -2,229 2,626 -3,532 -3,656 6,032 5,276 Memoranda: Balance on goods (lines 3 and 20) Balance on services (lines 4 and 21) Balance on goods and services (lines 2 and 19) Balance on income (lines 12 and 29) Unilateral current transfers, net (line 35) Balance on current account (lines 1,18, and 35 or lines 73, 74, and 75) 13 .... -2,372 556 -1,816 393 -945 -2,368 -2,377 223 -2,154 604 -948 -2,498 -2,991 216 -2,775 279 -1,018 -3,514 -11,518 2,555 -8,963 3,441 -187 -5,709 -12,192 1,582 -10,610 4,087 -154 -6,677 -14,261 140 -14,121 4,246 -188 -10,063 -10,043 4,083 -5,960 1,403 -3,858 -8,415 3,922 18 -82 -138 18 13. Conceptually, line 76 is equal to "net foreign investment" in the national income and product accounts (NIPA's). However, the foreign transactions account in the NIPA's (a) includes adjustments to the international transactions accounts for the treatment of gold, (b) includes adjustments for the different geographical treatment of transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment by financial pension plans except life insurance carriers and private noninsured pension plans. A reconciliation of the balance on goods and services from the international accounts and the NIPA net exports appears in reconciliation table 2 in appendix A in this issue of the SURVEY OF CURRENT BUSINESS. A reconciliation of the other foreign transactions 4,992 C) (18) (18) n (18) -546 (18) 958 -1,043 (18) 7,848 1,328 (IS) (18) 6,961 14,473 15,473 -3,111 14,497 -12,154 18 C8) 3,140 (.8) -443 (18) C) (18) (18) (18) -1,661 -191 -238 -19 R 1,818 1,348 7 37 R R <) C7) C) C) -18 7 7 113 2,660 -1 242 37 65 -129 206 -12 -73 -95 22 18 l8 17,250 25,012 -7,009 -10,055 5,129 -4,926 1,609 -3,888 -7,205 6,306 2,808 -2,503 18 5,764 -4,924 -4,053 -8,321 18 -851 -11,405 18 3,639 13,556 18 -6,931 36,688 -216 1,949 -19,318 3,997 -15,321 -8,584 -97 -24,002 -20,903 3,299 -17,604 -7,996 -42 -25,642 -20,728 4,591 -16,137 -8,059 -60 -24,256 in the two sets of accounts appears in table 4.5 of the full set of NIPA tables published annually in the August issue of the SURVEY. 14. The "European Union" includes the "European Union (6)," United Kingdom, Denmark, Ireland, Greece, Spain, and Portugal. Beginning with the first quarter of 1995, the "European Union" also includes Austria, Finland, and Sweden. January 2001 D-55 International Data SURVEY OF CURRENT BUSINESS Table F.3.—U.S. International Transactions, by Area—Continued [Millions of dollars] Line (Credits +; debits - ) l Australia Other countries in Asia and Africa 2000 2000 International organizations and unallocated16 2000 I 1 III/' III* I Current account 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Exports of goods and services and income receipts Exports of goods and services Goods balance of payments basis 2 3 5,963 6,574 6,459 59,175 63,296 68,785 8,786 8,970 8,954 4,283 4,726 4,547 50,304 54,199 59,605 1,532 1,518 1,555 2 960 3274 3 008 35 998 39 768 43 739 1,532 1,518 1,555 1,323 65 1,452 68 1,539 67 14,306 1,987 14,431 2,093 15,866 2,019 Travel Passenger fares Other transportation 408 123 76 510 145 84 562 155 98 2,519 351 2,258 3,684 461 2,442 4,096 525 2,590 133 141 156 Royalties and license fees s Other private services s U S Government miscellaneous services 173 476 2 192 451 2 190 465 2 1,068 6,044 79 1,087 4,581 83 1,110 5,443 83 482 917 490 887 488 1,680 1,679 749 930 1,848 1,847 889 958 1,912 1,911 965 946 9,097 9,077 5,841 3,001 235 20 9,180 9,160 6,119 2,708 333 20 7,254 6,798 3,547 3,070 181 456 7,452 6,987 3,646 3,160 181 465 7,399 6,928 3,696 3,050 182 471 Services Transfers under U.S military agency sales contracts4 Income receipts Income receipts on U.S -owned assets abroad Direct investment receipts Other private receipts U S Government receipts Compensation of employees Imports of goods and services and income payments Imports of goods and services Goods balance of payments basis 2 3 911 1 1 1 8,871 8,851 5,007 3,271 573 20 -2,617 -2,954 -3,140 -97,980 -108,335 -124,522 -2,868 -3,158 -3,723 -2,274 -2,604 -2,720 -89,471 -98,491 -114,023 -594 -642 -1,396 -1,346 -1,677 -1,736 -79,566 -87,986 -103,040 -594 -642 -1,396 -928 -19 -927 -31 -984 -15 -9,905 -928 -10,505 -993 -10,983 -900 23 24 25 Travel Passenger fares .... Other transportation -352 -170 -56 -333 -181 -52 -401 -157 -58 - 2 856 -1,298 -2,843 -3114 -1,393 -3,054 - 3 258 -1,582 -3,288 -315 -362 ^32 26 27 28 Royalties and license fees s Other private services ^ U S Government miscellaneous services -17 -305 -9 -18 -303 -9 -32 -312 -9 -66 -1,724 -190 -65 -1,697 -189 -78 -1,685 -192 -168 -111 -170 -110 -846 -118 -343 -341 7 -246 -102 -2 -350 -348 -2 -232 -114 -2 -420 -418 -26 -262 -130 -2 -8,509 -8,352 -114 -2,949 -5,289 -157 -9,844 -9,737 -1,077 -3,163 -5,497 -107 -10,499 -10,409 -1,233 -3,485 -5,691 -2,274 -2,274 -1,370 -898 -6 -2,516 -2,516 -1,519 -993 -4 -2,327 -2,327 -1,364 -957 -6 -70 -71 -73 -10 -60 -11 -60 -10 -63 -4,178 -1,497 -122 -2,559 -4,006 -1,645 -127 -2,234 -4,861 -2,202 -128 -2,531 -2,519 -357 -259 -1,903 -2,514 -451 -100 -1,963 -2,207 -176 -191 -1,840 2 2 2 29 33 26 -2,732 323 352 7,828 10,689 1,592 -3,518 -2,009 -6,854 -417 2,148 1,118 -180 -237 -180 2,328 -182 1,300 21 22 29 30 31 32 33 34 35 36 37 38 Services Direct defense expenditures Income payments Income payments on foreign-owned assets in the United States Direct investment payments Other private payments U.S. Government payments Compensation of employees Unilateral current transfers, net U S Government grants 4 U.S. Government pensions and other transfers Private remittances and other transfers6 -90 Capital and financial account Capital account 39 Capital account transactions, net Financial account 40 U S -owned assets abroad, net (increase/financial outflow (-)) 41 42 43 44 45 U.S. official reserve assets, net Gold 7 Special drawing rights Reserve position in the International Monetary Fund Foreign currencies 46 47 48 49 U S Government assets other than official reserve assets net U S credits and other long-term assets Repayments on U S credits and other long-term assets 8 U S foreign currency holdings and U S short-term assets net 50 51 52 53 54 U S private assets net Direct investment Foreign securities U.S. claims on unaffiliated foreigners reported by U.S nonbanking concerns U.S. claims reported by U.S. banks, not included elsewhere - 2 733 -600 874 -944 -2,063 323 483 -358 2 391 -2,193 55 Foreign-owned assets in the United States net (increase/financial inflow (+)) 2,830 -297 56 57 58 59 60 61 62 Foreign official assets in the United States net U S. Government securities U.S. Treasury securities 9 Other 10 Other U S Government liabilities l ' U S liabilities reported by U S banks not included elsewhere Other foreign official assets 12 63 64 65 66 67 68 69 Other foreign assets in the United States, net Direct investment U S Treasury securities U S securities other than U S Treasury securities U S currency U S liabilities to unaffiliated foreigners reported by U S nonbanking concerns U S liabilities reported by U S banks not included elsewhere 70 Statistical discrepancy (sum of above items with sign reversed) 71 72 73 74 75 76 Memoranda: Balance on goods (lines 3 and 20) .. Balance on services (lines 4 and 21) Balance on goods and services (lines 2 and 19) Balance on income (lines 12 and 29) Unilateral current transfers net (line 35) Balance on current account (lines 1, 18, and 35 or lines 73, 74, and 75) 1 3 1 16 -348 398 -34 271 -236 561 -54 -248 -248 -265 -265 -307 -307 -10705 -3,040 - 3 986 216 - 3 895 - 1 863 -5,277 2 706 -237 - 7 721 -4,415 - 2 510 - 1 696 900 - 2 853 -3,251 175 -8 231 - 3 892 -3,392 56 10 -566 - 7 665 -3,491 -253 - 4 266 345 2 214 5 939 21 843 11 599 - 2 625 1 5 278 1 7450 3 1 .... (18) (18) (18) 18 j.8J (18) M -10 -31 (18) 352 137 452 (18) (18) (18) [l8J (18) 18 708 (18) M (18) M f$ (18) 10 -52 -469 -576 a (18) (18) (18) (18) (18) (18) (18\ M (18) (18) (18) 18 n (18) 2 853 195 (18) (18) 544 307 493 7 355 ( ) (18) (18) (18) 1 427 143 (18) 7 994 1 074 (18) (18) 10130 5 593 1 18 -2,626 1 115 (18) 1 18 5,277 1 138 (18) 3 18 -7,453 1 169 (18) 7 989 64 18 3 079 165 757 -3673 18 - 5 871 -1 117 18 560 -1108 18 340 5 508 -121 - 6 847 29 i s 3 198 -3,376 -3,577 -5,814 44,843 37,858 50,565 2,744 -6,567 11,280 1,614 1,597 525 2,122 1,498 -71 3,549 1,272 -43,568 4,401 -39,167 362 -4,178 ^2,983 -48,218 3,926 -44 292 -747 - 4 006 -49,045 -59,301 4 883 -54 418 -1 319 - 4 861 -60,598 938 938 4 980 - 2 519 3,399 876 876 4 936 2 514 3,298 159 159 5,072 -2,207 3,024 395 2,009 1,337 -70 3,276 15. The "European Union (6)" includes Belgium, France, Germany (includes the former German Democratic Republic (East Germany) beginning in the fourth quarter of 1990), Italy, Luxembourg, Netherlands, European Atomic Energy Community, European Coal and Steel Community, and European Investment Bank. 16. Includes, as part of international and unallocated, the estimated direct investment in foreign affiliates engaged in international shipping, in operating oil and gas drilling equipment internationally, and in petroleum trading. Also includes taxes withheld; current-cost adjustments associated with U.S. and foreign direct investment; small transactions in business services that are not reported by country; and net U.S. currency flows, for which geographic -107 - 1 125 786 232 18 1 568 555 1,827 1,492 -73 3,246 18 2212 - 5 003 3 943 245 ]8 18 source data are not available. 17. Details not shown separately; see totals in lines 56 and 63. 18. Details not shown separately are included in line 69. NOTE.—The data in tables F.2 and F.3 are from tables 1 and 10 in "U.S. International Transactions, Third Quarter 2000" in this issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent estimates from the U.S. international transactions accounts. D-56 International Data January 2001 SURVEY OF CURRENT BUSINESS Table F.4.—Private Service Transactions [Millions of dollars] Seasonally adjusted 1998 Line 1999 II 1 2000 1999 I IV III IIr III'" 244,099 254,665 63,070 63,905 65,759 68,471 70,274 70,332 Travel (table F.2, line 6) Passenger fares (table F 2, line 7) Other transportation (table F 2, line 8) Freight Port services 71,286 20,098 25,604 11,048 14,557 74,881 19,776 27,033 11,667 15,365 18,564 4,902 6,692 2,813 3,880 18,695 5,105 6,728 2,927 3,801 19,482 4,955 7,097 3,142 3,956 20,431 5,062 7,252 3,257 3,995 21,363 5,387 7,434 3,299 4,135 21,567 5,475 7,596 3,396 4,200 7 8 9 10 11 12 13 Royalties and license fees (table F 2, line 9) Affiliated U.S. parents' receipts U.S. affiliates' receipts Unaffiliated Industrial processes' Other2 .. 36,197 26,809 24,720 2,089 9,388 3,573 5,814 36,467 26,307 24,576 1,731 10,160 3,551 6,609 9,140 6,628 6,114 9,106 6,540 6,097 9,107 6,484 6,238 9,353 6,674 6,132 9,584 6,849 6,251 9,349 6,556 6,019 14 15 16 17 18 19 20 21 22 23 24 25 26 Other private services (table F2, line 10) Affiliated services U.S. parents' receipts U.S. affiliates' receipts Unaffiliated services Education Financial services Insurance, net .... Premiums received Losses paid ... Telecommunications Business, professional, and technical services Other unaffiliated services ^ 90,914 28,397 18,232 10,165 62,517 9,037 11,273 2,189 7,265 5,076 5,538 22,175 12,305 2 3 4 5 6 27 Exports of private services 514 443 246 542 598 537 2,512 2,566 2,623 2,679 2,735 2,793 888 886 886 886 886 887 1,624 1,680 1,737 1,793 1,848 1,905 96,508 28,943 18,111 10,832 67,565 9,572 13,925 2,295 8,259 5,964 4,460 24,368 12,946 23,772 6,937 4,336 2,601 16,835 2,377 3,496 24,271 7,127 4,569 2,558 17,144 2,417 3,613 25,118 7,527 4,693 2,834 17,591 2,435 3,915 26,373 8,059 4,534 3,525 18,314 2,484 4,389 26,506 7,748 4,687 3,061 18,758 2,518 4,656 26,345 7,540 4,561 2,979 18,805 2,566 4,416 563 579 599 625 651 678 2,043 1,480 1,152 6,055 3,192 2,091 1,512 1,099 6,172 3,264 2,135 1,536 1,048 6,269 3,325 2,178 1,553 1,015 6,378 3,424 2,220 1,568 2,262 1,584 972 962 6,507 3,453 6,675 3,508 167,607 174,825 43,122 44,096 45,567 47,492 48,408 51,185 28 29 30 31 32 Travel (table F.2, line 23) Passenger fares (table F 2, line 24) Other transportation (table F 2, line 25) Freight Port services 56,509 19,971 30,363 19412 10,950 59,351 21,405 34,137 22 214 11,925 14,718 5,274 8,187 5 273 2,914 14,799 5,348 8,953 5 915 3,038 15,274 5,568 9,214 6 049 3,165 15,837 5,777 9,582 6 251 3,331 16,044 5,944 9,900 6 420 3,480 16,704 6,203 10,461 7,021 3,440 33 34 35 36 37 38 39 Royalties and license fees (table F 2, line 26) Affiliated U.S. parents' payments U.S. affiliates' payments Unaffiliated Industrial processes' Other2 11,713 8,754 1,755 6,999 2,959 1,536 1,423 13,275 10,208 2,134 8,074 3,067 1,883 1,185 3,224 2,470 3,314 2,530 3,656 2,846 3,590 2,761 3,661 2,816 4,512 2,981 508 536 590 621 629 658 1,962 1,994 2,256 2,140 2,187 754 461 293 784 483 301 810 502 308 829 515 314 845 527 318 2,323 1,531 40 41 42 43 44 45 46 47 48 49 50 51 52 Other private services (table F 2, line 27) Affiliated services ... U.S. parents' payments U.S. affiliates' payments Unaffiliated services Education Financial services Insurance, net .... Premiums paid Losses recovered Telecommunications Business, professional, and technical services Other unaffiliated services% 49,051 19,756 10,406 9,350 29,295 1,591 3,561 9,080 20,290 11,210 7,687 6,869 46,657 22,437 11,427 11,010 24,220 1,840 3,574 4,078 21,242 17,164 6,766 7,430 11,719 5,703 2,852 2,851 6,016 11,682 5,677 2,873 2,804 6,005 11,855 5,795 2,941 2,854 6,060 12,706 6,176 3,135 3,041 6,530 12,859 6,001 2,818 3,183 6,858 453 845 988 469 985 884 486 977 972 5,308 4,320 1,759 1,840 5,284 4,400 1,658 1,873 Imports of private services 537 993 13,305 5,884 2,759 3,125 7,421 502 524 543 5,301 4,329 1,571 1,911 1,188 1,182 5,367 4,185 1,565 1,949 1,290 1,408 5,461 4,053 1,500 1,993 1,347 1,851 5,568 3,717 1,498 2,040 507 532 132 136 143 145 145 142 -246,854 76,492 -170,362 -345,559 79,840 -265,719 -83,984 19,948 -64,036 -92,318 19,809 -72,509 -96,233 20,192 -76,041 -105,838 20,979 -84,859 -110,231 21,866 -88,365 -115,416 19,147 -96,269 Memoranda: 53 54 55 Balance on goods (table F 2, line 71) . ... Balance on private services (line 1 minus line 27) Balance on goods and private services (lines 53 and 54) p Preliminary. r Revised. 1. Patented techniques, processes, and formulas and other intangible property rights that are used in goods production. 2. Copyrights, trademarks, franchises, rights to broadcast live events, and other intangible property rights. 3. Other unaffiliated services receipts (exports) include mainly expenditures of foreign governments and international organizations in the United States. Payments (imports) include mainly expenditures of U.S. residents temporarily working abroad and film rentals. NOTE—The data in this table are from table 3 in "U.S. International Transactions, Third Quarter 2000" in this issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent estimates from the U.S. international transactions accounts. January 2001 International Data SURVEY OF CURRENT BUSINESS G. Investment Tables Table G.1 .—International Investment Position of the United States at Yearend, 1998 and 1999 [Millions of dollars] Changes in position in 1999 (decrease (-)) Attributable to: Type of investment Line Position, 1998' Valuation adjustments Financial flows (a) Net international investment position of the United States: With direct investment positions at current cost (line 3 less line 24) With direct investment positions at market value (line 4 less line 25) U.S.-owned assets abroad: With direct investment positions at current cost (lines 5+10+15) .... With direct investment positions at market value (lines 5+10+16) ... U.S. official reserve assets Gold Special drawing rights Reserve position in the International Monetary Fund Foreign currencies U.S. Government assets, other than official5 reserve assets U.S. credits and other long-term assets Repayable in dollars Other 6 U.S. foreign currency holdings and U.S. short-term assets U.S. private assets: With direct investment at current cost (lines 17+19+22+23) .. With direct investment at market value (lines 18+19+22+23) . Direct investment abroad: At current cost At market value Foreign securities Bonds Corporate stocks U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns U.S. claims reported by U.S. banks, not included elsewhere Foreign-owned assets in the United States: With direct investment at current cost (lines 26+33) With direct investment at market value (lines 26+34) Foreign official assets in the United States U.S. Government securities U.S. Treasury securities Other Other U.S. Government liabilities7 U.S. liabilities reported by U.S. banks, not included elsewhere ... Other foreign official assets Other foreign assets: With direct investment at current cost (lines 35+37+38+41+42+43) .. With direct investment at market value (lines 36+37+38+41+42+43) Direct investment in the United States: At current cost At market value U.S. Treasury securities U.S. securities other than U.S. Treasury securities Corporate and other bonds Corporate stocks U.S. currency U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns U.S. liabilities reported by U.S. banks, not included elsewhere p Preliminary. r Revised. 1. Represents gains or losses on foreign-currency-denominated assets due to their revaluation at current exchange rates. 2. Includes changes in coverage, statistical discrepancies, and other adjustments to the value 3. Reflects changes in the value of the official gold stock due to fluctuations in the market price of gold. 4. Reflects changes in gold stock from U.S. Treasury sales of gold medallions and commemorative and bullion coins; also reflects replenishment through open market purchases. These demonetizations/monetizations are not included in international transactions financial flows. -1,111,813 -323,377 -1,407,670 -323,377 Total Position, 1999^ Price Exchange Other rate changes changes changes (b) (c) (a+b+c+d) (d) 344,215 301,897 -60,235 -57,364 68,702 12,829 455,115 755,413 -71,115 -63,035 -4,215 5,264 809,972 1,127,829 5,889,028 7,173,373 642 642 -1,500 17 17 -9,588 659 -267 -6,161 -3,819 136,418 75,950 10,336 17,950 32,182 202 202 202 -2,542 -3,193 -3,161 -32 651 84,226 81,657 81,367 290 2,569 29,305 -1,082,506 -66,015 -1,473,685 5,079,056 6,045,544 430,187 430,187 146,006 75,291 10,603 24,111 36,001 -8,747 86,768 84,850 84,528 322 1,918 -2,751 -3,384 -3,363 -21 633 4,846,282 5,812,770 441,685 441,685 454,473 754,771 -69,622 -61,542 -4,434 5,045 822,102 1,139,959 5,668,384 6,952,729 1,207,059 2,173,547 2,052,929 576,745 1,476,184 150,901 150,901 128,594 14,193 114,401 5,475 305,773 448,998 -31,341 480,339 -17,646 -9,566 -47,135 -2,849 ^4,286 -14,602 -5,123 124,128 441,985 530,457 -19,997 550,454 1,331,187 2,615,532 2,583,386 556,748 2,026,638 565,466 1,020,828 92,328 69,862 -8,037 3,196 -6,010 16,178 78,281 643,747 1,110,064 6,190,869 7,453,214 753,564 753,564 110,900 453,516 -5,671 -72,917 -7,565 780,667 1,193,844 6,971,536 8,647,058 837,701 620,285 589,023 31,262 18,000 125,883 73,533 42,864 32,527 12,177 20,350 -3,255 12,692 900 -11,231 -23,905 -22,975 -930 31,633 8,622 -10,798 19,420 -3,255 12,692 13,574 869,334 628,907 578,225 50,682 14,745 138,575 87,107 5,353,168 6,615,513 710,700 710,700 122,131 464,747 -10,880 -5,671 -72,917 -7,565 749,034 1,162,211 6,102,202 7,777,724 928,645 2,190,990 729,738 2,012,431 902,155 1,110,276 228,250 275,533 275,533 -20,464 331,523 232,814 98,709 22,407 1,766 344,382 -48,552 168,917 -67,690 236,607 -5,209 -75,521 -10,169 196,569 609,746 -69,016 496,891 161,575 335,316 22,407 1,125,214 2,800,736 660,722 2,509,322 1,063,730 1,445,592 250,657 437,973 1,016,131 34,298 67,403 2,604 35,852 66,331 473,825 1,082,462 3 4 -257 -677 -566 -5,484 -3,253 7 -11 -11 18 12,674 -3,549 -3,549 -1,050 -1,072 5. Also includes paid-in capital subscriptions to international financial institutions and outstanding amounts of miscellaneous claims that have been settled through international agreements to be payable to the U.S. Government over periods in excess of 1 year. Excludes World War I debts that are not being serviced. 6. Includes indebtedness that the borrower may contractually, or at its option, repay with its currency, with a third country's currency, or by delivery of materials or transfer of services. 7. Primarily U.S. Government liabilities associated with military sales contracts and other transactions arranged with or through foreign official agencies. NOTE.-The data in this table are from table 1 in "International Investment Position of the United States at Yearend 1999" in the July 2000 issue of the SURVEY OF CURRENT BUSINESS. • D—57 D-58 International Data SURVEY OF CURRENT BUSINESS January 2001 Table G.2.—U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 1997-99 [Millions of dollars] Direct investment position on i historical-cost basis 1997 1998 1999 Capital outflows (inflows (-)) 1997 Income 1998 1999 1997 1998 1999 871,316 1,014,012 1,132,622 95,769 134,083 138,510 104,794 92,775 96,626 101,871 111,707 7,642 9,152 14,268 11,024 7,527 11,103 Europe Of which: France Germany Netherlands Switzerland United Kingdom 425,139 528,113 581,791 48,318 93,805 72,090 48,333 52,618 53,584 36,630 40,726 68,619 30,634 154,462 42,067 46,405 93,592 40,144 192,663 39,984 49,617 106,436 51,227 213,070 2,971 2,464 12,450 -792 22,961 3,805 3,284 24,034 9,418 36,552 786 5,875 7,980 11,910 29,824 2,688 3,707 11,588 5,071 13,469 2,066 5,256 11,804 6,614 13,198 1,644 4,243 12,482 6,566 14,465 Latin America and Other Western Hemisphere Of which: Bermuda Brazil Mexico Panama 180,818 200,477 223,182 21,539 16,830 19,522 21,723 17,262 18,578 38,071 35,778 24,050 22,016 40,403 38,195 28,396 25,982 45,959 35,003 34,265 33,429 589 7,138 5,596 354 1,352 4,834 4,718 5,122 455 5,355 1,803 3,965 4,965 3,893 1,277 3,080 2,906 3,885 1,812 4,173 1,626 4,721 2,074 11,330 14,241 15,062 3,436 1,302 1,948 1,574 2,106 8,836 10,632 11,137 619 1,417 1,340 825 949 144,815 155,364 185,912 13,733 20,009 12,322 18,410 28,404 33,854 31,150 35,633 33,662 47,786 1,209 -339 8,366 4,697 1,394 29,362 4,063 10,616 3,674 3,511 1,880 1,917 2,495 4,102 3,752 3,315 3,832 482 631 549 416 647 271 84,116 92,964 99,925 11,555 8,517 12,508 7,597 10,213 278,447 32,773 76,394 15,898 30,179 31,308 35,537 56,357 294,129 35,074 79,868 18,776 31,348 32,398 33,939 62,725 318,121 36,126 82,794 18,803 37,833 38,449 36,013 68,103 28,326 4,080 6,974 408 4,873 2,727 4,667 4,687 22,126 2,342 5,245 2,954 1,888 1,866 -1,190 9,021 35,524 1,416 7,100 808 6,705 6,231 4,857 8,406 38,468 5,030 10,023 1,376 5,022 4,663 5,478 6,876 29,879 4,306 9,428 1,281 3,986 2,147 2,495 6,237 32,472 3,604 9,431 1,365 3,450 3,737 4,371 6,514 Wholesale trade 64,929 70,014 80,148 121 6,434 11,801 9,047 9,909 10,560 Depository institutions 37,932 40,582 39,937 1,508 2,140 -920 3,286 743 1,693 297,828 375,965 436,024 39,001 62,161 54,475 31,986 34,921 37,867 68,763 4,306 12,210 10,778 6,109 5,955 8,193 89,705 10,953 20,494 17,962 3,391 3,770 4,003 All countries, all industries 105,001 By country Canada Africa Middle East ... Asia and Pacific .. Of which: Australia Japan International 718 3,150 2,150 By industry Petroleum Manufacturing Food and kindred products Chemicals and allied products Primary and fabricated metals Industrial machinery and equipment Electronic and other electric equipment . Transportation equipment Other manufacturing Finance (except depository institutions), insurance, and real Services Other industries. 46,533 61,532 60,696 79,663 NOTE.—In this table, unlike in the international transactions accounts, income and capital outflows are shown without a current-cost adjustment, and income is shown net of withholding taxes, In addition, unlike in the international investment position, the direct investment position is valued at historical cost. The data in this table are from tables 16 and 17 in "U.S. Direct Investment Abroad: Detail for Historical-Cost Position and Related Capital and Income Flows, 1999" in the September 2000 issue of the SURVEY OF CURRENT BUSINESS. SURVEY OF CURRENT BUSINESS January 2001 International Data D-59 Table G.3.—Selected Financial and Operating Data for Nonbank Foreign Affiliates and Majority-Owned Nonbank Foreign Affiliates of U.S. Companies by Country and by Industry of Affiliate, 1998 All nonbank affiliates Majority-owned nonbank foreign affiliates (MOFA's) Millions of dollars Millions of dollars Total All countries, all industries Sales 4,000,842 2,443,350 Net income U.S. exports of goods shipped to affiliates U.S. imports of goods shipped by affiliates Thousands of employees Total assets Sales Net income Gross product U.S. exports of goods shipped to MOFA's U.S. imports of Thousands of employ- 155,292 217,153 187,610 8,388.0 3,434,808 2,027,782 136,957 510,735 210,634 178,150 10,666 67,776 70,577 935.3 284,995 242,668 9,992 54,739 65,988 67,601 862.1 63,782 36,638 3,532.2 2,093,970 1,148,312 84,422 303,505 62,802 35,463 3,145.2 (D) 8,322 3,907 4,542 146,118 233,313 226,984 973,745 123,941 188,259 118,114 334,572 4,538 9,820 14,904 16,128 35,915 56,464 20,243 90,735 5,362 8,304 13,605 13,803 3,729 4,519 2,739 9,854 447.9 590.0 167.5 953.5 By country 313,647 Canada Europe Of which: France Germany Netherlands United Kingdom 263,849 2,302,253 1,331,199 171,797 279,338 244,324 1,025,588 141,586 253,825 140,385 366,114 4,391 11,759 16,601 15,646 ( ) 13,839 9,924 501.1 643.1 179.9 1,038.7 570,042 297,670 31,792 37,081 37,759 1,807.4 434,375 230,736 22,728 61,336 35,677 36,271 1,416.4 129,977 99,105 83,715 98,344 5,003 8,861 4,168 24,660 2,882 27,223 395.1 907.1 84,673 55,006 64,555 65,147 3,239 4,114 21,922 13,961 4,015 23,802 2,753 26,061 341.5 668.9 Africa 47,990 28,033 2,155 202.9 35,867 20,830 1,551 6,752 856 1,542 111.2 Middle East 40,169 22,443 1,506 88.6 16,591 9,340 784 3,764 696 855 49.5 Asia and Pacific 707,708 492,388 17,224 46,689 39,734 1,810.8 558,121 371,509 16,796 79,129 44,615 36,419 1,305.4 Of which: Australia Japan 96,615 298,485 65,874 182,288 2,629 4,006 4,761 13,514 1,290 4,773 291.0 404.2 75,555 232,322 52,315 103,644 2,209 3,133 16,756 23,648 4,731 12,185 1,217 2,003 221.6 187.8 19,032 7,768 1,060 10.9 10,888 4,387 684 1,510 Petroleum 341,685 340,447 10,269 4,762 11,414 241.8 252,603 233,056 6,988 89,484 4,655 11,383 176.9 Manufacturing Food and kindred products Chemicals and allied products Primary and fabricated metals Industrial machinery and equipment Electronic and other electric equipment Transportation equipment Other manufacturing 982,117 1,087,302 129,038 133,141 236,473 200,698 51,675 43,506 131,304 173,128 56,908 7,492 19,537 1,870 8,266 136,201 3,501 15,429 3,253 21,487 156,492 5,161 10,117 3,597 34,919 4,652.9 646.6 609.3 228.4 602.1 839,666 95,898 123,477 954,037 108,529 179,830 35,206 163,797 52,342 6,362 18,517 1,546 8,088 251,442 26,570 55,040 10,729 34,758 131,652 3,187 14,707 3,004 21,211 147,637 4,788 9,661 3,274 34,193 3,977.3 434.9 543.6 190.0 563.6 90,176 147,949 195,501 110,418 241,818 184,593 3,231 5,604 10,909 21,574 54,872 16,085 25,787 62,580 14,329 781.8 752.4 1032.4 82,424 118,489 166,060 103,537 204,365 158,773 3,003 5,472 9,355 22,774 41,618 59,952 21,462 52,939 15,141 24,972 57,746 13,002 721.4 642.0 881.7 Wholesale trade 244,358 438,792 16,207 69,521 16,740 601.2 238,236 420,288 15,893 59,109 68,119 16,468 569.7 Latin America and Other Western Hemisphere Of which: Brazil Mexico International D 10.1 By industry 209,859 43,460 Finance (except depository institutions), insurance, and real 1,794,120 154,402 51,409 31 239.5 1,732,655 146,236 49,514 22,912 27 Services 194,427 150,262 7,500 2,047 814 1086.6 173,177 135,679 7,120 52,509 2,010 813 962.8 Other industries 444,134 272,145 12,998 4,590 2,142 1,566.0 198,472 138,486 5,099 35,279 4,172 1,840 991.1 D Suppressed to avoid disclosure of data of individual companies. NOTE.—The data in this table are from "U.S. Multinational Companies: Operations in 1998" in the July 2000 issue of the SURVEY OF CURRENT BUSINESS. 222.0 D—60 • International Data SURVEY OF CURRENT BUSINESS January 2001 Table G.4.—Foreign Direct Investment in the United States: Selected Items, by Country of Foreign Parent and by Industry of Affiliate, 1997-99 [Millions of dollars] Direct investment position on a historical-cost basis All countries, all industries .. 1997 1998 689,834 793,748 Capital inflows (outflows (-)) 1997 103,513 1999 181,764 271,169 Income 1997 1998 1999 40,359 32,782 51,004 By country Canada Europe Of which: France Germany Luxembourg Netherlands Switzerland United Kingdom Latin America and Other Western Hemisphere Of which: Bermuda Mexico Panama United Kingdom Islands—Caribbean 65,144 74,143 79,716 10,838 16,012 12,228 2,840 1,563 1,482 433,876 528,601 685,845 71,860 160,722 234,548 30,883 25,722 42,504 49,515 70,901 11,433 87,584 37,874 130,883 58,051 94,404 26,650 98,926 48,403 143,165 77,622 111,138 54,894 130,703 55,280 183,145 10,932 12,186 5,334 12,710 8,611 11,395 10,371 42,110 14,299 9,606 6,392 65,701 19,310 22,701 25,888 32,845 4,930 116,605 2,851 3,361 476 6,957 3,110 10,925 1,475 4,860 1,162 5,618 1,582 6,929 3,035 6,244 2,766 8,638 5,181 12,355 33,008 27,854 44,591 3,819 -2,817 16,787 1,730 907 1,155 3,506 3,244 5,898 11,425 3,740 2,432 6,504 9,009 13,054 3,612 5,896 13,883 1,853 323 328 3,457 -139 1,057 1,121 -2,082 9,737 1,214 -124 4,351 232 199 725 149 172 246 872 -339 222 260 753 244 -78 Africa 1,464 862 1,545 434 -593 415 -352 -90 Middle East . 6,585 6,346 7,087 768 509 371 576 371 165 149,757 155,943 167,884 15,795 7,931 6,820 4,682 4,309 5,777 13,977 126,464 12,883 134,590 10,818 148,947 1,821 10,559 904 7,563 -2,507 9,529 36 5,513 -245 5,160 -569 5,892 42,632 51,729 55,940 3,847 58,813 5,558 4,110 1,383 5,113 271,287 26,196 86,558 20,466 51,693 86,373 334,898 22,026 95,662 19,340 62,067 135,803 391,013 16,717 103,465 21,808 76,584 34,218 -1,793 11,804 2,067 11,147 10,992 87,010 -5,031 10,340 853 19,675 61,173 72,610 -2,285 9,416 1,619 24,132 17,842 1,384 5,270 1,486 2,691 7,011 19,795 594 6,815 1,784 1,417 9,184 27,570 1,631 6,604 1,458 2,362 15,514 13,020 10,364 4,148 4,435 7,381 3,181 4,123 446 766 1,830 7,626 4,618 3,860 2,694 2,934 6,970 2,388 1,949 -1,975 -138 12,922 5,537 4,599 3,795 4,383 5,149 2,980 4,680 6,764 11,901 -832 Asia and Pacific , Of which: Australia Japan By industry Petroleum . Manufacturing Food and kindred products Chemicals and allied products . Primary and fabricated metals . Machinery Other manufacturing Wholesale trade 86,248 Retail trade 17,546 21,090 Depository institutions 38,956 43,804 Finance, except depository institutions , 44,024 45,895 Insurance 71,327 77,785 Real estate 38,922 43,558 Services 35,410 41,271 Other industries 43,481 43,741 108,936 NOTE.—In this table, unlike in the international transactions accounts, income and capital inflows are shown without a current-cost adjustment, and income is shown net of withholding taxes. In addition, unlike in the international investment position, the direct investment position is valued at historical cost. 172,440 23,386 60,118 52,133 101,760 44,720 57,558 91,106 39,729 11,853 2,478 18,331 8,793 27,014 1,341 16,876 106,315 584 490 985 1,067 2,157 1,835 333 -1,166 The data in this table are from tables 16 and 17 in "Foreign Direct Investment in the United States: Detail for Historical-Cost Position and Related Capital and Income Flows, 1999" in the September 2000 issue of the SURVEY OF CURRENT BUSINESS. D-61 International Data SURVEY OF CURRENT BUSINESS January 2001 Table G.5.—Selected Financial and Operating Data of Nonbank U.S. Affiliates and Majority-Owned Nonbank U.S. Affiliates of Foreign Companies by Country of Ultimate Beneficial Owner and by Industry of Affiliate, 1998 All nonbank affiliates Majority-owned nonbank affiliates Millions of dollars Millions of dollars All countries, all industries Total assets Sales 3,525,885 1,881,865 Thousands of employees Net Gross product 33,276 418,138 5,633.0 U.S. ex- U.S. imports of ports of goods goods shipped shipped by to affiliates affiliates 150,836 289,679 Millions of dollars Millions of dollars Total assets Sales 3,043,966 1,623,767 Thousands of employees Net Gross product 23,970 352,756 4,655.0 U.S. ex- U.S. imports of ports of goods goods shipped shipped by to affiliates affiliates 137,912 277,599 By country Canada Europe Of which: France Germany Netherlands Sweden Switzerland United Kingdom 371,546 153,157 2,868 40,425 661.9 8,118 15,484 347,913 133,495 2,758 34,635 541.4 7,846 15,063 2,234,177 1,080,158 25,779 267,066 3,563.5 80,329 119,590 2,019,390 929,236 19,460 228,162 2,936.0 72,698 117,772 387,383 427,162 320,861 45,528 454,836 493,554 142,434 282,786 145,575 34,423 105,372 269,069 1,505 8,780 1,200 359 4,395 8,499 37,349 66,597 29,464 7,679 28,039 76,214 525.7 782.4 406.8 105.3 375.5 986.8 15,140 28,987 4,124 3,880 5,640 16,700 12,649 55,246 10,842 6,562 6,815 15,555 334,708 402,534 294,479 45,177 415,446 447,428 106,113 254,117 114,442 33,848 87,216 254,152 232 7,341 549 339 2,491 6,774 25,347 57,658 26,314 7,542 22,955 71,064 306.4 638.3 396.8 103.7 285.3 916.3 () 27,875 3,952 3,860 5,280 16,254 12,381 54,783 10,790 6,514 6,654 15,070 5,537 10,276 57,272 52,367 872 15,421 204.7 5,272 8,458 () 7,053 3,240 6,714 18,242 8,160 2,536 2,711 721 102 -195 221 5,793 1,300 (D) 1,017 116.3 24.4 J 15.7 I Latin America and Other Western Hemisphere Of which: Bermuda Mexico Panama United Kingdom Islands—Caribbean Venezuela 75,307 60,235 972 16,995 222.0 24,778 7,807 3,362 8,158 12,175 18,474 9,217 2,601 3,223 15,360 679 132 -191 -40 554 5,806 1,582 943 1,009 5,301 118.3 29.2 13.4 19.1 9.1 () 720 599 17 115 857 3,001 200 350 (D) Africa 12,923 12,233 263 2,543 20.7 788 875 Middle East. 17,959 16,094 439 4,614 73.1 814 2,358 15,149 10,869 D D 855 599 16 (D) £2 349 D ( ) 552 2,422 52.7 792 Asia and Pacific Of which: Australia Japan 670,164 535,198 -392 78,714 1,031.0 54,303 140,248 587,556 483,007 530 67,496 871.0 50,051 133,994 59,088 560,799 27,764 453,381 -720 2,059 6,633 65,482 83.8 835.9 1,404 45,989 1,307 122,315 50,895 491,406 22,698 412,991 -713 2,691 5,421 56,617 67.4 715.2 679 42,775 117,569 United States 143,808 24,791 3,346 7,780 60.7 946 Manufacturing Of which: Food Chemicals Primary and fabricated metals Machinery Computers and electronic products Electrical equipment, appliances, and components Transportation equipment 878,864 834,396 17,025 224,372 2,539.6 87,581 126,924 793,094 730,082 14,934 201,870 2,285.3 80,843 118,125 44,315 199,557 66,493 42,770 81,604 49,815 141,875 66,578 49,751 97,391 743 3,226 1,644 855 -1,922 10,796 42,935 17,250 14,622 19,402 159.0 380.0 224.1 209.7 282.9 3,023 14,930 5,212 7,936 14,306 2,498 14,429 8,893 7,438 26,771 41,771 186,187 50,641 39,535 73,184 46,103 130,516 48,372 45,604 87,159 677 2,836 1,091 1,053 -1,895 9,716 39,637 13,104 13,667 17,810 141.3 349.0 188.5 196.1 259.4 2,931 13,538 3,915 7,133 13,417 2,439 13,936 6,941 6,675 26,100 30,535 143,045 32,865 169,701 1,157 6,957 9,925 36,056 167.6 368.2 4,957 24,609 2,967 45,241 29,618 138,545 31,570 160,177 1,100 6,569 9,545 33,862 162.4 344.8 4,748 23,638 2,934 43,140 Wholesale trade 283,125 50,332 152,884 743 By industry' Retail trade Information Of which: Publishing industries Broadcasting and telecommunications Finance (except depository institutions) and insurance Real estate and rental and leasing Professional, scientific, and technical services Other industries 491,520 3,884 51,292 526.9 56,127 155,164 268,168 462,280 2,817 47,122 467.9 51,304 97,275 1,373 26,032 679.2 1,401 4,089 38,872 68,812 723 17,043 493.5 156,163 74,060 -788 23,186 266.9 870 208 99,165 49,587 34 13,746 179.3 51,457 77,942 23,676 35,036 1,034 -2,438 9,595 9,616 105.1 106.0 717 1 (D) 28,139 19,853 14,685 -103 ^85 6,948 2,795 95.9 29.6 1,789,405 187,956 10,292 23,954 234.9 49 1,556,470 162,016 4,895 19,970 198.2 4 49 123,474 21,121 1,411 9,679 39.1 27 224 101,316 17,582 1,047 7,678 35.4 27 224 24,332 20,541 -202 7,961 104.5 283 232 19,093 17,486 3 6,665 80.7 263 (D) 281 51,662 1,241.9 4,542 2,790 167,788 115,922 -482 38,663 914.7 4,428 2,543 219,218 154,995 3,399 () D Suppressed to avoid disclosure of data of individual companies. nies; see "U.S. Affiliates of Foreign Companies: Operations in 1998," in the August 2000 issue of the 1. TtoJ^.*s^^n« !hY2e^^^^ i. Prior to i g s ^ m e arnjate aata were ciassiriea using an maustry classification system gg9 . G _ 1 0 0 0 t0 2 4 9 9 ; H _ 2 i 5 o o ^ i z f r a n g e f S given in employment cel.s that are suppressed. The size ranges are: A - 1 to 499;F—500 to to 4,999; 1-5,000 to 9,999; J—10,000 to 24,999; K-25,000 to 49,999; to 99,999; M—100,000 or more. NOTE—The data in this table are from BEA's annual survey of the operations of U.S. affiliates of foreign compa- D-62 International Data January 2001 SURVEY OF CURRENT BUSINESS H. International Perspectives, Quarterly data in this table are shown in the middle month of the quarter. Table H.1.—International Perspectives 2000 1999 1998 1999 Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Exchange rates per U.S. dollar (not seasonally adjusted) June July Aug. Sept. Oct. [ Canada (Can.$/US$) Euro zone (US$/Euro)2 Japan (¥/US0) Mexico (Peso/US$) United Kingdom (US$/£) .... 1.3099 9.1520 1.6573 1.4858 1.0653 1.1373 9.5530 1.6172 1.4771 1.0497 1.0688 9.3410 1.6247 1.4776 1.0706 1.0597 9.5750 1.6572 1.4674 1.0328 1.0465 9.4160 1.6205 1.4722 1.0110 1.0258 9.4270 1.6132 1.4486 1.0131 1.0530 9.4940 1.6404 1.4512 .9834 1.0939 9.4270 1.6000 1.4608 .9643 1.0631 9.2890 1.5799 1.4689 .9449 1.0563 9.3940 1.5823 1.4957 .9059 1.0832 9.5060 1.5090 1.4770 .9505 1.0613 .9834 1.5092 1.4778 .9386 1.0821 .9419 1.5076 1.4828 .9045 1.0808 .9272 1.4889 1.4864 .8695 1.0684 .9361 1.4336 1.5125 .8525 1.0844 .9537 1.4506 Addendum: Exchange value of the U.S. dollar3 116.48 116.87 116.38 115.88 116.08 116.09 115.95 117.44 117.44 118.10 120.70 119.43 119.86 120.64 122.08 123.83 7.1 11.0 10.5 6.6 9.6 9.6 6.8 9.7 9.5 6.9 9.4 9.3 4.7 2.2 4.2 4.7 2.1 3.8 4.7 2.0 3.7 7.1 9.6 9.5 10.5 4.6 2.6 3.6 6.8 9.5 9.4 4.7 7.6 11.2 10.5 11.4 4.7 2.5 4.3 7.4 11.1 10.5 4.7 2.5 3.6 4.7 2.0 3.6 4.5 4.2 4.2 4.0 4.0 4.1 3.9 3.9 1.4836 Unemployment rates (percent, monthly data seasonally adjusted) Canada France Germany Italy Japan Mexico United Kingdom . Addendum: United States . 8.3 11.8 11.1 11.8 4.1 6.8 10.6 10.2 6.8 10.5 10.1 4.6 2.5 4.2 6.9 10.8 10.4 11.0 4.6 2.1 4.1 4.7 2.0 4.1 4.1 4.1 4.1 6.8 10.0 10.1 6.8 9.9 9.6 4.7 2.3 4.0 6.8 10.2 10.0 11.2 4.9 2.4 4.0 4.9 2.2 3.9 4.8 2.5 3.8 6.6 9.8 9.6 10.7 4.6 2.1 3.8 4.0 4.1 4.1 3.9 4.1 Consumer prices (monthly data seasonally adjusted, 1995=100) Canada France Germany Italy Japan Mexico United Kingdom 104.2 104.0 104.3 108.2 102.5 187.9 109.3 106.1 104.6 104.9 110.0 102.2 219.1 111.0 106.9 104.7 105.1 110.4 102.4 223.2 111.5 107.0 104.8 105.0 110.8 102.6 224.6 111.7 106.9 104.8 105.2 111.0 102.0 226.6 111.8 107.0 105.4 105.5 111.1 101.7 228.8 112.2 106.9 105.4 105.8 111.3 101.4 231.9 111.8 107.5 105.5 106.2 111.7 101.3 234.0 112.4 108.2 106.0 106.4 112.0 101.5 235.3 113.0 107.9 106.0 106.4 112.1 101.7 236.6 114.1 108.4 106.2 106.3 112.5 101.8 237.5 114.5 109.1 106.4 106.9 112.8 101.5 238.9 114.8 109.5 106.2 107.4 113.0 101.3 239.8 114.4 109.3 106.4 107.2 113.1 101.3 241.1 114.4 109.8 107.0 107.7 113.3 101.6 242.9 115.2 110.0 106.8 107.5 113.7 101.7 244.6 115.1 Addendum: United States 107.0 109.3 110,1 110.3 110.5 110.8 111.0 111.6 112.3 112.3 112.5 113.1 113.4 113.3 113.9 114.1 Real gross domestic product (percent change from preceding quarter, quarterly data seasonally adjusted at annual rates) Canada France Germany Italy Japan Mexico United Kingdom 3.3 3.1 1.8 1.5 -1.1 4.8 2.6 Addendum: United States 4.4 See footnotes at the end of the table. 4.2 5.1 4.2 3.1 2.3 -5.8 5.2 3.3 5.5 2.2 3.6 4.4 10.0 7.9 8.3 1.6 4.6 3.3 4.6 1.0 .9 7.6 4.1 4.8 2.7 2.3 2.4 1.0 7.0 2.8 4.8 5.6 2.2 January 2001 D-63 International Data SURVEY OF CURRENT BUSINESS Table H.1.—International Perspectives—Continued 1999 1998 2000 1999 Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Short-term, 3-month, interest rates (percent, not seasonally adjusted) Canada Euro zone Japan Mexico United Kingdom ... Addendum: United States ... 4.68 2.73 .12 21.34 5.32 4.76 3.38 .28 20.30 5.94 4.86 3.47 .34 18.68 5.78 5.12 3.44 .26 17.65 5.96 5.04 3.34 .12 17.43 6.05 5.07 3.54 .10 16.44 6.15 5.35 3.75 5.39 3.93 5.84 4.35 5.83 4.50 5.79 4.58 5.81 4.78 5.79 4.85 5.83 5.04 26.11 7.33 4.83 2.97 .25 22.38 5.45 14.46 6.15 14.37 6.20 15.58 6.23 16.61 6.13 14.62 6.11 15.71 6.13 16.15 6.12 17.06 6.08 4.81 4.66 4.73 4.88 5.07 5.23 5.34 5.57 5.72 5.67 5.92 5.74 5.93 6.11 5.99 6.10 5.79 5.42 5.92 4.98 3.83 .72 Long-term interest rates, government bond yields (percent, not seasonally adjusted) Canada Euro zone France Germany Italy Japan United Kingdom 5.45 4.70 4.82 4.60 4.88 1.54 5.52 5.68 4.66 4.94 4.50 4.73 1.75 5.08 5.88 5.24 5.35 5.00 5.28 1.76 5.65 6.26 5.47 5.67 5.30 5.52 1.69 5.83 6.15 5.18 5.66 5.00 5.25 1.82 5.28 6.22 5.30 5.81 5.20 5.36 1.77 5.38 6.48 5.70 6.11 5.50 5.75 1.69 5.82 6.19 5.66 5.96 5.50 5.73 1.80 5.62 5.93 5.49 5.73 5.30 5.58 1.80 5.36 5.90 5.41 5.84 5.20 5.47 1.70 5.30 6.10 5.52 5.92 5.40 5.67 1.70 5.40 5.89 5.35 5.94 5.20 5.51 1.70 5.20 5.84 5.45 6.00 5.20 5.59 1.70 5.20 5.77 5.40 6.04 5.30 5.56 1.80 5.29 5.81 5.47 5.93 5.20 5.63 1.90 5.34 Addendum: United States 5.26 5.65 5.92 6.11 6.03 6.28 6.66 6.52 6.26 5.99 6.44 6.10 6.05 5.83 5.80 5.74 "5.58 Share price indices (not seasonally adjusted, 1995=100) Canada France Germany Italy Japan Mexico United Kingdom 152.4 192.2 197.7 221.0 85.0 191.1 150.5 159.2 234.6 204.9 246.0 100.0 240.3 168.4 156.9 242.3 203.2 243.0 108.0 227.6 166.7 163.7 243.0 202.7 235.0 110.0 245.6 164.3 169.7 264.9 218.1 241.0 117.0 276.5 175.0 189.8 289.3 234.8 271.0 119.0 321.3 185.1 191.3 295.1 253.6 283.0 120.0 296.7 183.7 205.9 316.7 279.6 320.0 124.0 332.0 178.2 213.4 329.7 293.8 337.0 210.8 318.2 272.9 309.0 208.7 324.2 265.8 316.0 229.9 333.4 266.0 321.0 234.7 332.6 262.9 328.0 253.7 336.5 261.8 325.0 234.1 336.5 256.6 327.0 217.4 316.5 242.6 317.0 336.7 189.8 299.2 178.7 268.6 175.2 313.1 182.1 293.5 182.3 300.3 180.7 285.4 179.2 288.1 172.5 Addendum: United States 189.0 213.0 209.0 206.0 218.0 219.0 218.0 208.0 214.0 222.0 220.0 223.0 224.0 229.0 233.0 222.0 1. All exchange rates are from the Board of Governors of the Federal Reserve System. 2. Rates for selected euro-area currencies can be derived by using the following conversion rates: 1 euro = 6.55957 French francs, 1.95583 German marks, and 1936.27 Italian lire. 3. The rate shown for the United States is an index of the weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners, January 1997=100 and reflects revised trade weights. For more information on the exchange rate indexes, see "New Summary Measures of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, vol. 84 (October 1998), pp. 811-18. NOTE—U.S. interest rates, unemployment rates, and GDP growth rates are from the Federal Reserve, the Bureau of Labor Statistics, and BEA, respectively. GDP growth rates for other countries are calculated from levels published by those countries. Most other data (including U.S. consumer prices and U.S. share prices, both of which have been rebased to 1995 to facilitate comparison) are © OECD and are reproduced with permission. D—64 • International Data SURVEY OF CURRENT BUSINESS January 2001 I. Charts THE U.S. IN THE INTERNATIONAL ECONOMY ?! COMPONENTS OF CURRENT ACCOUNT BALANCE CAPITAL FLOWS ON U.S. DIRECT INVESTMENT ABROAD AND FOREIGN DIRECT INVESTMENT IN THE UNITED STATES Net foreign purchases of U.S. securities Net U.S. purchases of foreign securities FDIUS EXPORTS AND IMPORTS OF GOODS AND SERVICES i NET INTERNATIONAL INVESTMENT POSITION VALUED AT CURRENT COST 11 Exports s n Foreign assets in the United States U.S. assets abroad Net investment position v ^^ January 2001 Regional Data • D—65 SURVEY OF CURRENT BUSINESS Regional Data J. State and Regional Tables, The tables in this section include the most recent estimates of State personal income and gross state product. The sources of these estimates are noted. The quarterly and annual State personal income estimates and the gross state product estimtes are available on CD-ROM. For information on State personal income, E-mail reis.remd@bea.doc.gov; write to the Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230; or call 202-606-5360. For information on gross state product, E-mail gspread@bea.doc.gov; write to the Regional Economic Analysis Division, BE-61, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230; or call 202-606-5340. Table J.1.—Quarterly Personal Income by State and Region Percent change l Millions of dollars, seasonally ad] usted at annual rates II III 1999 1998 1997 Area name IV I II in IV I II 2000 III IV I II 1999:1V2000:1 2000:12000:11 1.7 1.7 490,732 134,448 32,277 236,822 40,301 30,695 16,190 2.7 1.6 1.8 3.6 3.8 1.6 1.6 .9 .5 1.5 1.0 .8 1.5 1.5 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 1,302,937 1,320,701 1,345,178 1,363,080 1,386,674 1,401,655 1,414,291 1,440,769 1,448,788 1,470,205 1,484,411 1,503,711 1,527,984 24,245 23,794 23,377 22,507 21,886 23,672 22,879 22,721 22,109 21,508 20,701 20,371 19,799 19,817 19,546 19,149 21,402 20,781 20,535 20,253 19,973 19,323 18,969 21,333 21,176 19,269 166,527 161,870 159,573 157,312 152,084 147,724 176,220 171,422 169,323 164,308 154,300 149,168 174,181 295,387 289,804 286,897 285,924 281,672 280,493 303,131 276,258 272,605 266,584 297,743 261,930 258,243 621,524 623,232 610,755 589,800 572,430 646,079 634,643 611,201 594,101 585,158 566,680 555,426 546,776 356,907 341,195 334,168 352,139 349,399 345,396 336,363 329,863 326,513 322,913 311,426 319,860 314,656 1.3 -.5 .7 1.6 1.8 .8 1.6 2.4 .3 1.2 1.8 1.8 1.4 Great Lakes Illinois Indiana Michigan Ohio Wisconsin 1,129,996 1,144,791 1,163,154 1,181,878 1,196,594 1,210,518 1,230,522 1,235,034 1,252,885 1,264,663 1,286,855 1,300,287 1,325,552 397,364 359,244 353,864 377,699 375,960 370,970 364,332 337,730 389,783 386,346 369,660 349,052 342,865 152,297 162,567 154,259 149,951 159,535 158,920 155,901 152,382 147,598 145,223 142,642 139,941 138,479 275,989 294,633 288,086 282,718 279,448 271,028 268,778 262,393 261,896 259,940 254,595 251,693 248,519 320,033 311,520 306,827 303,911 299,831 295,582 291,808 288,888 285,030 280,665 277,316 315,185 300,313 142,767 147,350 138,260 136,048 133,962 127,953 150,955 147,698 144,789 140,340 139,956 131,835 129,628 1.0 .9 .4 1.9 1.2 .2 1.9 1.9 1.9 2.3 1.5 2.2 540,282 76,993 74,341 155,535 151,295 47,221 15,469 19,428 -.1 -1.1 -1.4 .7 .9 -1.6 -1.0 -.8 1.9 2.4 1.9 1.8 1.9 1.7 .8 1.8 1,519,559 1,539,593 1,566,737 1,595,658 1,621,786 1,646,448 1,668,295 1,680,215 1,702,597 1,718,561 1,748,282 1,773,785 1,804,349 100,910 100,082 98,744 97,922 96,767 103,936 102,323 102,073 95,654 94,687 90,640 92,849 91,516 55,144 53,074 52,201 51,181 50,688 56,659 54,096 53,534 56,422 55,769 59,358 58,559 58,158 417,831 404,437 422,398 411,752 408,470 399,533 393,458 380,496 374,689 427,189 385,983 441,593 432,720 218,194 211,262 205,267 197,381 188,417 184,824 228,147 213,865 208,396 201,949 193,708 181,981 224,299 86,041 96,664 91,322 90,069 89,563 87,406 94,085 92,669 88,769 84,543 83,248 82,370 95,155 98,141 99,707 97,292 91,600 99,937 98,443 98,828 95,803 94,411 92,589 103,633 102,062 101,460 56,257 54,614 53,961 51,714 58,531 57,574 56,913 51,281 59,346 58,590 56,092 55,420 52,723 190,544 187,548 184,327 178,079 203,834 198,615 195,730 196,638 193,549 180,325 212,142 208,246 197,595 87,557 85,651 90,876 88,922 84,111 82,805 81,415 80,388 93,512 92,258 89,315 96,593 94,665 134,541 132,842 130,283 125,808 139,372 136,391 128,559 124,291 148,258 145,600 143,283 141,339 136,943 202,302 197,756 194,315 190,849 186,798 184,257 181,204 215,382 209,438 205,506 201,698 178,471 212,848 36,907 36,187 37,267 36,485 35,273 35,080 39,297 38,524 37,656 37,138 35,660 38,720 38,088 1.5 .2 .7 1.3 2.8 1.1 .6 .1 2.2 1.2 1.6 1.6 .5 1.7 1.6 1.4 2.1 1.7 1.6 1.5 1.3 1.9 2.0 1.8 1.2 1.5 United States New England Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota Southeast Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia 6,870,797 6,970,442 7,090,024 7,222,862 7,331,807 7,437,309 7,542,770 7,620,356 7,722,844 7,820,923 7,968,485 8,101,562 8,237,804 404,719 115,481 27,643 189,724 32,060 26,189 13,624 458,694 67,512 63,277 128,028 130,011 40,472 13,196 16,198 409,838 116,727 27,783 192,597 32,664 26,316 13,752 465,269 68,070 64,194 130,423 131,704 40,930 13,479 16,470 417,782 119,086 28,282 196,100 33,378 26,834 14,101 472,452 69,435 65,104 132,548 133,794 41,381 13,641 16,549 423,846 120,087 28,603 199,617 34,037 27,125 14,377 479,898 69,247 66,163 136,155 135,136 41,877 14,246 17,073 431,043 121,443 29,172 203,669 34,756 27,434 14,570 487,019 70,233 67,179 138,506 137,171 42,506 14,265 17,159 438,955 123,451 29,653 207,586 35,652 27,858 14,754 493,759 71,402 68,109 140,132 139,291 43,180 14,384 17,261 444,618 125,273 29,986 209,885 36,330 28,253 14,892 504,491 73,440 69,668 142,974 140,915 44,235 15,188 18,071 448,798 125,997 29,922 213,107 36,299 28,449 15,023 501,590 71,743 69,382 143,178 141,628 43,723 14,282 17,653 455,967 127,915 30,624 216,394 36,945 28,795 15,293 510,591 72,790 70,429 146,146 143,515 44,656 14,765 18,290 466,775 130,305 31,529 222,322 37,710 29,435 15,475 513,650 73,393 70,970 147,277 144,538 44,687 14,531 18,254 473,238 131,713 31,238 226,310 38,532 29,750 15,695 530,874 76,071 73,993 151,600 147,259 47,192 15,512 19,247 486,241 133,809 31,798 234,466 39,989 30,231 15,948 530,288 75,204 72,945 152,729 148,533 46,435 15,351 19,092 .8 Southwest Arizona New Mexico Oklahoma Texas 671,020 102,583 34,734 69,316 464,387 683,942 104,469 35,069 70,128 474,276 696,568 106,800 35,400 71,507 482,861 716,197 109,380 36,298 72,957 497,563 725,951 111,427 36,485 73,747 504,292 738,173 113,699 36,822 74,582 513,071 748,146 116,036 37,244 75,247 519,619 756,172 116,154 37,158 75,798 527,062 769,039 119,868 37,925 76,670 534,575 776,955 121,625 38,252 77,118 539,960 793,047 123,794 38,747 78,723 551,782 810,306 127,883 39,102 78,793 564,528 825,233 128,754 39,826 80,349 576,303 2.2 3.3 .9 .1 2.3 1.8 .7 1.9 2.0 2.1 Rocky Mountain Colorado Idaho Montana Utah Wyoming 204,783 107,552 25,065 17,559 43,268 11,339 209,182 110,182 25,408 17,845 44,208 11,539 212,079 111,968 25,697 18,144 44,618 11,653 218,624 116,244 26,515 18,400 45,726 11,739 220,863 117,100 26,746 18,656 46,480 11,881 224,181 119,172 27,058 18,711 47,193 12,047 228,535 121,539 27,623 19,252 47,925 12,198 230,919 123,357 27,865 19,078 48,281 12,337 236,318 126,648 28,360 19,477 49,289 12,545 239,603 128,732 28,718 19,223 50,134 12,796 246,100 133,084 29,386 19,973 50,697 12,960 249,818 134,683 30,149 20,010 51,766 13,210 254,710 137,563 30,530 20,370 52,898 13,349 1.5 1.2 2.6 .2 2.1 1.9 2.0 2.1 1.3 1.8 2.2 1.0 Far West Alaska California Hawaii Nevada Oregon Washington 1,179,089 1,197,125 1,216,074 1,243,682 1,261,878 1,283,622 1,303,871 1,326,861 1,346,659 1,370,511 1,405,679 1,447,126 1,468,963 17,754 17,154 17,062 17,071 17,608 17,449 17,381 18,822 18,504 18,003 16,658 16,552 16,470 947,197 915,372 996,567 1,022,897 1,058,501 1,073,562 980,950 931,826 902,618 869,194 965,113 882,788 855,418 31,779 31,730 31,649 33,810 33,281 33,115 33,005 32,480 32,013 32,102 31,371 31,296 31,149 55,632 52,626 51,340 50,078 60,212 56,448 54,723 53,859 48,719 47,633 58,731 57,706 46,785 84,744 83,817 90,217 86,651 85,576 95,711 88,863 87,421 81,234 94,123 91,953 82,388 79,819 161,629 158,449 170,141 164,660 186,846 176,520 171,126 166,683 154,225 151,141 149,449 183,986 182,005 1. Percent changes are expressed at quarterly rates and are computed from unrounded data. NOTE—The personal income level shown for the United States is derived as the sum of the State estimates. It differs from the estimate of personal income in the national income and product accounts (NIPA's) because of differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal 2.9 2.8 3.5 .5 1.8 2.4 1.1 1.5 1.7 1.4 1.6 2.5 1.7 1.6 civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. Source: Table 1 in "State Personal Income, Second Quarter 2000" in this issue of the SURVEY OF CURRENT BUSINESS. D—66 • Regional Data January 2001 SURVEY OF CURRENT BUSINESS Table J.2.—Annual Personal ncome and Disposable Personal Income for States and Regions Disposable personal income Personal income Percent changel Millions of dollars Area name 1997 1998 1999 6,928,762 7,383,687 7,783,152 6.6 408,160 116,347 27,774 191,613 32,389 26,284 13,752 434,615 122,564 29,353 205,189 35,194 27,667 14,648 461,194 128,983 30,828 219,533 37,372 29,107 15,371 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 1,315,305 20,143 19,081 148,826 260,727 553,004 313,523 1,391,425 22,003 19,665 158,264 277,757 585,372 328,364 Great Lakes Illinois Indiana Michigan Ohio Wisconsin 1,138,409 340,490 139,454 250,211 279,342 128,912 Percent changei Millions of dollars 1997 1998 1999 5.4 5,960,966 6,313,822 6,632,353 5.9 5.0 6.5 5.3 5.7 7.1 8.7 5.3 6.5 6.1 5.2 5.0 7.0 6.2 5.2 4.9 342,534 95,651 24,201 159,690 28,192 22,843 11,956 361,447 99,372 25,359 169,586 30,568 23,890 12,672 382,203 104,030 26,520 180,895 32,398 25,109 13,251 5.5 3.9 4.8 6.2 8.4 6.0 5.7 4.7 4.6 6.7 6.0 5.1 4.6 1,461,043 23,192 20,686 167,895 289,503 616,678 343,088 5.8 9.2 3.1 6.3 6.5 5.9 4.7 5.0 5.4 5.2 6.1 4.2 5.3 4.5 1,114,005 16,986 16,066 125,597 220,986 463,929 270,442 1,168,787 18,600 16,321 132,608 233,040 486,687 281,531 1,221,832 19,608 17,078 140,236 241,717 509,868 293,326 4.9 9.5 1.6 5.6 5.5 4.9 4.1 4.5 5.4 4.6 5.8 3.7 4.8 4.2 1,204,878 361,775 148,767 263,252 294,027 137,056 1,259,859 377,744 155,365 277,296 305,643 143,811 5.8 6.3 6.7 5.2 5.3 6.3 4.6 4.4 4.4 5.3 4.0 4.9 975,316 291,402 119,821 214,495 239,874 109,723 1,026,548 307,669 127,277 223,930 251,603 116,069 1,069,723 319,997 132,401 235,117 260,595 121,615 5.3 5.6 6.2 4.4 4.9 5.8 4.2 4.0 462,250 67,930 63,721 129,136 131,131 40,722 13,330 16,280 491,292 71,080 67,780 139,442 138,128 42,949 14,521 17,391 514,176 73,499 71,194 147,050 144,235 45,065 14,773 18,361 6.3 4.6 6.4 8.0 5.3 5.5 8.9 6.8 4.7 3.4 5.0 5.5 4.4 4.9 1.7 5.6 399,702 59,286 55,106 109,299 113,988 35,530 11,852 14,642 423,294 61,982 58,538 117,439 119,486 37,255 12,954 15,640 443,002 63,977 61,430 124,702 124,377 38,936 13,112 16,468 5.9 4.5 6.2 7.4 4.8 4.9 9.3 6.8 4.7 3.2 4.9 6.2 4.1 4.5 1.2 5.3 1,532,182 91,283 51,059 377,681 183,762 82,905 92,290 51,589 179,688 81,049 125,449 180,226 35,200 1,633,047 96,257 53,962 401,474 199,576 87,945 97,516 55,063 192,070 86,560 133,514 192,429 36,679 1,712,414 100,452 56,752 419,792 212,929 92,036 99,887 57,278 198,943 91,490 140,234 204,736 37,884 6.6 5.4 5.7 6.3 8.6 6.1 5.7 6.7 6.9 6.8 6.4 6.8 4.2 4.9 4.4 5.2 4.6 6.7 4.7 2.4 4.0 3.6 5.7 5.0 6.4 3.3 1,336,078 80,341 45,067 329,690 158,356 71,894 81,435 46,237 155,308 70,884 111,625 154,063 31,181 1,418,043 84,653 47,480 348,142 171,212 76,046 86,198 49,250 165,273 75,530 118,615 163,213 32,432 1,481,552 88,142 49,834 362,376 182,071 79,348 88,190 51,128 170,056 79,872 124,332 172,777 33,425 6.1 5.4 5.4 5,6 8.1 5.8 5.8 6.5 6.4 6.6 6,3 5.9 4.0 4.5 4.1 5.0 4.1 6.3 4.3 2.3 3.8 2.9 5.7 4.8 5.9 3.1 Southwest . Arizona New Mexico Oklahoma Texas 677,722 103,704 34,861 69,952 469,205 732,117 112,635 36,712 74,133 508,636 773,803 120,360 38,020 77,077 538,345 8.0 8.6 5.3 6.0 8.4 5.7 6.9 596,805 90,219 30,760 61,222 414,604 641,449 97,361 32,353 64,770 446,966 676,394 103,789 33,456 67,239 471,910 7.5 3.6 4.0 5.8 5.2 5.8 7.8 5.4 6.6 3.4 3.8 5.6 Rocky Mountain Colorado Idaho Montana Utah Wyoming 206,831 108,763 25,217 17,721 43,696 11,434 223,051 118,514 26,986 18,755 46,831 11,966 238,235 127,955 28,582 19,438 49,600 12,660 7.8 7.0 5.8 7.2 4.6 6.8 8.0 5.9 3.6 5.9 5.8 178,178 92,925 22,035 15,616 37,715 9,887 191,470 100,597 23,557 16,491 40,527 10,298 204,058 108,194 24,887 17,041 43,071 10,865 7.5 8.3 6.9 5.6 7.5 4.2 6.6 7.6 5.6 3.3 6.3 5.5 1,187,903 16,465 862,114 31,209 47,254 80,578 150,283 1,273,263 17,167 924,253 31,815 51,976 85,197 162,855 1,362,427 17,704 991,382 32,653 56,127 89,614 174,948 7.2 4.3 7.2 1.9 10.0 5.7 8.4 7.0 3.1 7.3 2.6 8.0 5.2 7.4 1,018,348 14,473 735,730 27,361 41,122 68,542 131,119 1,082,785 15,036 782,340 27,819 44,861 72,551 140,177 1,153,588 15,501 835,087 28,541 48,280 76,280 149,899 6.3 3.9 6.3 1.7 9.1 5.8 6.9 6.5 3.1 6.7 2.6 7.6 5.1 6.9 United States New England Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota Southeast Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia Far West Alaska California Hawaii Nevada Oregon Washington 1. Percent change was calculated from unrounded data. NOTE—The personal income level shown for the United States is derived as the sum of the State estimates. It differs from the estimate of personal income in the national income and product accounts (NIPA's) because of differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability of source data. In particular, it differs from the 1997-98 9.0 1998-99 1997-98 4.6 7.9 1998-99 4.0 5.0 3.6 4.8 NIPA estimate because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. Source: Tables 1 and 2 in "State Personal Income, Revised Estimates for 1997-99" in the October 2000 SURVEY OF CURRENT BUSINESS. January 2001 Regional Data SURVEY OF CURRENT BUSINESS Table J.3.—Per Capita Personal Income and Per Capita Disposable Personal Income for States and Regions Per capita disposable personal incomel Per capita personal income' Area name 1997 Dollars Rank in U.S. Dollars 1999 1998 1997 1999 1998 Rank in U.S. 1999 1999 22,260 23,363 24,322 25,604 29,264 19,435 26,112 24,030 23,144 20,310 26,916 30,365 20,327 27,600 25,778 24,188 21,456 28,320 31,697 21,165 29,294 26,973 25,342 22,318 5 2 4 16 24,995 23,109 30,384 24,661 27,437 25,570 22,507 26,175 24,997 31,300 25,849 28,786 26,801 23,456 27,286 26,021 32,905 27,116 29,683 28,020 24,456 28,348 31,145 26,143 28,113 27,152 27,390 7 30 18 23 21 22,125 24,260 20,404 21,920 21,393 21,100 23,195 25,491 21,544 22,803 22,389 22,226 24,070 26,384 22,279 23,836 23,150 23,163 34 20 25 24 26,282 24,844 25,687 29,503 25,403 25,861 22,767 23,797 27,350 25,615 26,824 30,793 26,376 27,049 23,313 25,045 33 27 10 29 24 39 36 21,497 20,770 21,062 23,316 21,081 21,455 18,491 20,034 22,644 21,664 22,185 24,847 21,974 22,432 20,311 21,402 23,564 22,296 23,146 26,113 22,745 23,370 20,692 22,463 33 26 10 28 23 38 31 23,518 21,129 20,229 25,722 24,547 21,215 21,209 18,885 24,188 21,385 23,324 26,768 19,388 24,780 22,123 21,260 26,930 26,134 22,353 22,352 20,013 25,454 22,544 24,576 28,343 20,246 25,703 22,987 22,244 27,780 27,340 23,237 22,847 20,688 26,003 23,545 25,574 29,789 20,966 42 46 19 22 41 44 50 31 38 34 14 49 20,508 18,596 17,855 22,453 21,153 18,397 18,715 16,925 20,907 18,702 20,754 22,882 17,174 21,518 19,456 18,706 23,352 22,420 19,329 19,758 17,900 21,903 19,671 21,834 24,040 17,902 22,238 20,170 19,532 23,981 23,378 20,033 20,171 18,467 22,227 20,555 22,674 25,139 18,498 42 46 19 22 43 41 50 35 39 29 15 49 Southwest Arizona New Mexico Oklahoma Texas 23,414 22,781 20,233 21,106 24,242 24,857 24,133 21,178 22,199 25,803 25,862 25,189 21,853 22,953 26,858 35 48 43 26 20,619 19,819 17,853 18,472 21,421 21,779 20,860 18,663 19,395 22,674 22,606 21,721 19,229 20,023 23,544 36 48 44 21 Rocky Mountain Colorado Idaho Montana Utah Wyoming 24,259 27,950 20,830 20,167 21,156 23,820 25,756 29,860 21,923 21,324 22,294 24,927 27,072 31,546 22,835 22,019 23,288 26,396 6 45 47 40 28 20,898 23,880 18,201 17,771 18,261 20,597 22,110 25,346 19,138 18,749 19,294 21,452 23,188 26,674 19,883 19,303 20,222 22,654 8 45 47 40 30 Far West Alaska California Hawaii Nevada Oregon Washington 26,671 27,042 26,759 26,241 28,201 24,845 26,817 28,168 27,904 28,280 26,725 29,806 25,958 28,632 29,727 28,577 29,910 27,544 31,022 27,023 30,392 17 13 20 9 25 12 22,864 23,772 22,836 23,006 24,542 21,134 23,397 23,954 24,441 23,937 23,368 25,726 22,105 24,645 25,170 25,022 25,195 24,075 26,685 23,003 26,041 16 14 18 7 27 11 25,874 27,322 28,542 New England Connecticut Maine .... Massachusetts New Hampshire Rhode Island Vermont . 30,510 35,596 22,305 31,332 27,607 26,631 23,362 32,365 37,452 23,529 33,394 29,679 28,012 24,803 34,173 39,300 24,603 35,551 31,114 29,377 25,889 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 29,511 27,405 36,087 29,222 32,372 30,480 26,092 31161 29,571 37,714 30,850 34,310 32,236 27,358 32,628 30,778 39,858 32,465 35,551 33,890 28,605 Great Lakes Illinois Indiana Michigan Ohio Wisconsin 25,825 28,347 23,748 25,570 24,913 24,790 27,224 29,974 25,182 26,807 26,164 26,245 Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota 24,861 23,798 24,355 27,548 24,252 24,590 20,798 22,275 Southeast Alabama Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia United States 1. Per capita personal income and per capita disposable personal income were computed using midyear population estimates from the Bureau of the Census. NOTE.—The personal income level shown for the United States is derived as the sum of the State estimates. It differs from the estimate of personal income in the national income and product accounts (NIPA's) because of differences in coverage, in the methodologies used to prepare the 1 37 2 8 15 32 11 1 37 3 6 13 32 12 5 2 4 17 9 estimates, and in the timing of the availability of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. Source: Tables 1 and 2 in "State Personal Income, Revised Estimates for 1997-99" in the October 2000 SURVEY OF CURRENT BUSINESS. • D—67 D—68 • Regional Data January 2001 SURVEY OF CURRENT BUSINESS Table J.4.—Gross State Product for States and Regions by Industry, 1998 [Millions of dollars] State and region Rank of AgriTotal culture, total gross gross state forestry, state product and fishing product Mining Construction Manufacturing Transportation and public utilities Wholesale trade Retail trade Finance, insurance, and real estate Services Government United States 8,745,219 125,205 105,914 373,228 1,432,753 759,132 613,800 781,888 1,674,162 1,841,278 1,037,857 New England Connecticut Maine Massachusetts ... New Hampshire Rhode Island Vermont 501,809 142,099 32,318 239,379 41,313 30,443 16,257 3,520 923 525 1,271 267 199 335 378 60 16 167 40 23 72 18,551 4,957 1,531 8,542 1,632 1,139 750 79,122 23,513 5,243 33,210 9,830 4,492 2,836 32,897 9,138 2,443 14,953 2,636 2,382 1,345 34,678 9,776 1,954 17,730 2,671 1,611 935 41,346 10,595 3,862 18,868 3,862 2,579 1,580 122,319 39,841 5,928 56,916 9,129 7,615 2,890 120,938 31,206 6,349 65,235 7,917 6,698 3,534 48,059 12,089 4,468 22,486 3,331 3,706 1,980 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 1,642,760 33,735 54,100 164,798 319,201 706,886 364,039 8,987 272 14 1,283 1,567 2,806 3,045 2,602 5 9 133 197 481 1,777 57,711 931 527 8,766 11,494 21,384 14,609 210,398 5,472 1,285 13,467 42,268 75,907 71,999 138,501 1,657 2,572 13,156 31,119 57,152 32,844 108,452 1,258 621 10,373 30,135 43,593 22,473 120,930 2,222 1,372 14,597 23,165 47,686 31,888 421,122 13,886 8,791 34,737 73,735 222,686 67,288 380,237 4,997 18,706 39,356 73,880 162,042 81,255 193,820 3,034 20,205 28,930 31,641 73,147 36,861 Great Lakes ... Illinois Indiana Michigan Ohio Wisconsin ... 1,393,449 425,679 174,433 294,505 341,070 157,761 16,585 4,835 2,498 2,470 3,505 3,276 4,423 1,024 792 1,136 1,163 307 60,364 18,089 8,708 12,752 13,792 7,023 332,880 72,431 54,258 78,153 86,163 41,875 111,829 40,563 13,623 19,873 26,465 11,306 101,133 33,441 10,784 22,072 24,603 10,234 124,290 33,937 15,576 28,318 32,403 14,056 230,366 86,215 22,731 42,903 53,480 25,038 268,497 93,610 28,313 56,618 62,619 27,337 143,082 41,535 17,150 30,211 36,877 17,309 575,958 84,628 76,991 161,392 162,772 51,737 17,214 21,224 19,431 4,597 2,714 3,294 2,315 3,171 1,510 1,831 2,973 207 832 688 448 127 470 200 26,522 3,657 3,295 7,565 7,826 2,460 865 856 105,785 20,157 13,503 29,082 31,838 6,883 1,464 2,858 54,519 6,932 8,632 12,477 17,286 5,811 1,717 1,664 45,519 6,238 6,311 13,571 12,268 4,138 1,552 1,441 53,202 7,157 7,779 14,842 15,388 4,379 1,649 2,008 91,095 12,465 10,100 29,723 24,512 7,738 2,311 4,247 109,606 13,536 13,563 33,357 32,813 9,726 3,121 3,490 67,305 9,681 10,263 16,794 18,078 7,306 2,556 2,628 North Carolina .. South Carolina . Tennessee Virginia West Virginia .... 1,909,142 109,833 61,628 418,851 253,769 107,152 129,251 62,216 235,752 100,350 159,575 230,825 39,938 29,272 2,037 2,358 6,751 3,459 2,397 1,227 1,640 4,587 1,105 1,576 1,874 262 30,439 1,288 643 1,050 1,232 2,558 18,033 490 305 265 404 1,109 3,062 86,328 4,799 2,484 20,443 10,295 4,456 6,510 2,750 10,752 5,141 6,715 10,185 1,799 325,609 22,408 14,401 30,444 43,335 28,936 19,453 13,634 58,452 23,672 32,425 31,774 6,673 175,733 9,834 6,736 37,271 29,384 8,910 12,184 6,181 18,053 7,734 13,140 21,518 4,787 133,239 7,277 3,981 31,726 23,519 6,689 7,630 3,715 15,396 6,156 12,276 12,723 2,152 188,365 11,246 6,774 47,078 22,718 10,041 11,013 6,572 21,377 10,772 17,860 19,115 3,799 308,735 15,168 7,052 90,271 40,287 11,929 16,319 7,043 38,108 14,019 23,311 40,633 4,596 374,423 18,627 9,679 102,009 48,429 16,832 21,699 10,601 38,490 16,513 33,519 51,125 6,900 256,999 17,149 7,520 51,807 31,113 14,404 15,185 9,590 30,231 14,973 18,348 40,771 5,908 Southwest Arizona New Mexico .... Oklahoma Texas 908,787 133,801 47,736 81,655 645,596 12,376 2,009 964 1,644 7,758 45,164 970 3,323 3,192 37,679 43,882 8,146 2,156 2,784 30,796 134,800 19,935 7,627 14,137 93,101 96,048 10,289 3,682 8,352 73,725 68,524 8,972 2,095 5,077 52,380 85,829 13,935 4,483 8,401 59,011 134,794 25,085 6,404 10,036 93,269 177,795 28,238 8,730 14,967 125,859 109,574 16,221 8,271 13,064 72,017 Rocky Mountain Colorado Idaho Montana Utah Wyoming 269,742 141,791 30,936 59,624 17,530 5,564 2,065 1,702 867 585 346 9,904 2,744 219 792 1,352 4,797 15,234 8,200 1,813 1,024 3,436 760 32,802 15,303 6,015 1,579 8,863 1,043 30,086 17,288 2,702 2,386 5,257 2,453 16,746 9,037 2,007 1,321 3,734 647 26,000 13,420 3,182 2,020 6,103 1,276 43,007 24,284 3,917 2,708 10,062 2,036 54,522 31,836 5,123 3,965 11,747 1,851 35,877 17,614 4,256 3,200 8,485 2,322 Far West Alaska California Hawaii Nevada Oregon Washington ... 1,543,572 24,236 1,118,945 39,712 63,044 104,771 192,864 29,468 443 20,900 438 444 2,783 4,460 10,032 3,647 4,337 27 1,529 117 374 64,637 1,070 41,390 1,650 5,648 5,428 9,451 211,356 1,109 154,608 1,063 2,867 26,326 25,382 119,518 4,354 81,756 4,157 5,202 7,387 16,663 105,508 757 77,932 1,535 3,021 8,183 14,080 141,924 1,740 102,726 4,233 6,374 8,760 18,090 322,725 2,795 249,999 9,154 11,295 15,461 34,021 355,261 3,245 260,620 8,783 20,071 18,295 44,247 183,141 5,075 124,677 8,673 6,592 12,029 26,094 Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota Southeast Alabama Arkansas Florida Georgia Kentucky Louisiana NOTE.—Totals shown for the United States differ from the national income and product account estimates of gross domestic product (GDP) because GSP is derived from gross domestic income, which differs from GDP by the statistical discrepancy. In addition, GSP excludes and GDP includes the compensation of Federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment. Also, GSP and GDP have different revision schedules, Source: Tables 7 and 8 in "Gross State Product by Industry, 1977-98" in the October 2000 SURVEY OF CURRENT BUSINESS. January 2001 Regional Data SURVEY OF CURRENT BUSINESS • D—69 K. Local Area Table Table K.1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1996-98 Per capita personal income J Persona income Percent change Millions of dollars 1996 2 United States Metropolitan portion Nonmetropolitan portion 1997 1998 1997-98 Rank in U.S. Dollars 1996 1997 1998 6,538,103 6,942,114 7,351,547 5,537,748 5,888,223 6,251,031 1,000,355 1,053,891 1,100,516 5.9 6.2 4.4 24,651 25,924 27,203 26,104 27,471 28,872 18,844 19,719 20,478 30,795 26,624 27,434 28,785 31,236 28,330 28,352 32,389 27,975 28,694 30,541 33,485 29,775 30,026 269,815 51,501 80,003 134,468 72,406 154,172 122,128 285,768 54,505 83,577 146,431 79,121 162,363 132,134 5.9 5.8 4.5 8.9 9.3 5.3 8.2 29,201 25,132 25,954 27,089 29,116 26,863 26,551 377,560 85 943 44,336 396,704 89 340 47,230 422,989 94 488 49,779 6.6 58 5.4 24,566 25,491 26,778 24 209 24 755 25 826 26,936 28,718 30,258 656,669 691,794 731,539 5.7 33,119 34,749 36,582 167,458 53,575 40,520 176,777 57,945 43,160 186,297 61,184 46,278 5.4 5.6 7.2 28,014 29,576 31,119 25,848 27,391 28,453 24,487 25,701 27,102 219 438 93,370 237 395 102,812 254 915 112,135 74 9.1 33161 35 333 37 414 28,241 30,528 32,762 218,231 230,658 244,282 5.9 30,564 32,019 33,602 Abilene, TX Akron, OH* Albany, GA Aibany-Schenectady-Troy, NY Albuquerque, NM Alexandria, LA Allentown-Bethlehem-Easton, PA ... Altoona, PA Amarillo, TX Anchorage, AK 2,576 16,675 2,395 21,743 15,296 2,559 15,193 2,643 4 340 7,561 2,708 17,681 2,473 22,698 16,089 2,652 16,183 2,765 4 633 7,949 2,808 18,530 2,546 23,884 16,806 2,790 17,002 2,900 4 865 8,348 3.7 4.8 3.0 5.2 4.5 5.2 5.1 4.9 50 5.0 21,251 24,341 20,472 24,794 22,925 20,274 24,799 20,139 21 204 30,295 22,270 25,740 21,059 26,005 23,900 20,988 26,335 21,113 22 480 31,622 23,012 26,934 21,619 27,433 24,842 22,062 27,599 22,216 23,495 32,659 210 96 265 86 146 252 82 241 194 23 Ann Arbor, Ml* Anniston, AL Appleton-Oshkosh-Neenah, Wl Asheville, NC Athens, GA Atlanta, GA Atlantic-Cape May, NJ* Auburn-Opelika, AL Augusta-Aiken, GA-SC Austin-San Marcos, TX 15,119 2,175 8,166 4,791 2,897 98,182 9,462 1,700 9,434 25,054 16,207 2,287 8,691 5,141 3,026 106,039 9,787 1,824 9,882 27,912 17,316 2,379 9,194 5,405 3,211 115,272 10,326 1,892 10,379 32,130 6.8 4.0 5.8 5.1 6.1 8.7 3.7 5.0 15.1 28,517 18,658 24,066 22,914 21,226 27,803 28 433 17,823 20,878 24,176 30,067 19,522 25,411 24,370 21,917 29,194 29 288 18,529 21,722 26,136 31,616 20,315 26,659 25,347 23,160 30,788 30 735 18,831 22,665 29,087 29 294 104 137 205 35 36 309 227 54 Bakersfield, CA Baltimore, MD* Bangor, ME (NECMA) Barnstable-Yarmouth, MA (NECMA) Baton Rouge, LA Beaumont-Port Arthur, TX Bellingham, WA Benton Harbor, Ml Bergen-Passaic, NJ* Billings, MT 11,399 66,109 2,836 11,893 69,915 2,984 12,407 73,308 3,140 4.3 4.9 5.2 18,444 19,042 19,643 26,785 28,252 29,548 19,466 20,573 21,743 304 45 262 5,908 12,676 7,543 3,175 3,521 46,267 2,784 6,358 13,173 8,114 3,371 3,776 49,416 2,918 6,799 14,013 8,571 3,575 3,874 53,165 3,083 6.9 6.4 5.6 6.1 2.6 7.6 5.7 29,175 22,415 20,174 20,836 21,855 34,853 22,173 30,987 23,107 21,661 21,766 23,543 37,057 23,168 32,612 24,403 22,848 22,732 24,235 39,750 24,425 24 165 216 223 169 6 164 6,617 5,430 21,981 1,954 2,355 3,480 9,107 6,997 5,691 23,064 2,041 2,486 3 695 9,710 7,602 5,919 24,168 2,186 2,639 3,908 10,479 8.6 4.0 4.8 7.1 6.2 5.8 7.9 19,378 21,427 24,547 21,697 20,468 24,822 24,442 20,303 22,723 25,583 22,489 21,442 26,077 25,316 21,828 23,775 26,582 23,885 22,636 27,260 26,461 256 182 106 179 228 90 108 174,216 7,929 4,498 187,231 8,746 4,944 200,107 9,619 5,228 6.9 10.0 5.7 30,096 32,133 34,127 30,885 33,454 36,071 20,585 22,139 22,844 16 13 217 4,895 5,210 5,347 2.6 21,309 22,368 22,957 211 3,942 2,289 27^359 4,594 8,913 1,576 4,641 3,686 10,274 4,197 2,501 28,418 4,855 9,374 1,714 4,983 3,889 10,926 4,461 2,674 5,162 9,888 1,784 5,421 4,034 11,674 6.3 69 4.0 6.3 5.5 4.1 8.8 3.7 6.8 12,653 17,515 23,324 24,232 22,125 24,772 25,808 21,676 19,655 13,766 20121 25,654 26,787 24,590 28,217 29,656 23,753 21,529 317 296 128 99 159 67 44 186 267 New York-No. New Jersey-Long Island, NY-NJ-CT-PA Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD Portland-Salem, OR-WA Sacramento-Yolo, CA San Francisco-Oakland-San Jose, CA Seattle-Tacoma-Bremerton, WA Washington-Baltimore, DC-MD-VAWV Biloxi-Gulfport-Pascagoula, MS Binghamton, NY Birmingham, AL Bismarck, ND Bloomington, IN Bloomington-Normal, IL Boise City, ID Boston-Worcester-Lawrence-LowellBrockton, MA-NH (NECMA) Boulder-Longmont, CO* Brazoria, TX* Bremerton, WA* Brownsville-Harlingen-San Benito, TX Bryan-College Station, TX Buffalo-Niagara Falls, NY Burlington, VT (NECMA) Canton-Massillon, OH Casper, WY Cedar Rapids, IA Champaign-Urbana, IL Charleston-North Charleston, SC ... Charleston, WV Charlotte-Gastonia-Rock Hill, NCSC Charlottesville, VA Chattanooga, TN-GA Cheyenne, WY Chicago, IL* Chico-Paradise, CA Cincinnati, OH-KY-IN* Clarksville-Hopkinsville, TN-KY Cleveland-Lorain-Elyria, OH* 5,991 6,247 6,505 4.1 23,574 24,640 25,745 126 34,209 3,771 10,233 1,826 234,617 3,678 40,904 3,743 59,067 36,881 3,985 10,650 1 929 249,126 3,893 43,599 3,950 62,322 39,795 4 259 11,071 2 013 263,763 4,050 46,109 4,083 65,047 7.9 6.9 4.0 44 5.9 4.0 5.8 3.4 4.4 25,959 26,120 23,025 23193 29,940 19,144 25,649 19,279 26,449 28,784 28,513 24,622 25,613 33,181 20,838 28,507 20,456 29,239 56 63 157 129 21 284 64 291 51 10,953 11,853 12,873 8.6 23,184 24,697 26,270 112 Colorado Springs, CO See footnotes at the end of the table. 29^541 13,210 18,918 24,450 25,380 23,278 26,900 27,446 22,812 20,461 27,305 27,175 23,791 24 535 31,572 20,164 27,137 19,987 27,956 1997 1998 1997-98 2,928 11,695 5,433 36,547 7,445 1,895 1,814 87,113 1,978 3,119 12,412 5,791 39,391 7,840 2,050 1,907 94,986 2,072 3,302 13,256 6,091 41,914 8,242 2,125 1,961 103,788 2,137 Dayton-Sprmgfield OH Daytona Beach, FL Decatur, AL Decatur, IL Denver, CO* Des Moines, IA Detroit, Ml* Dothan, AL Dover, DE 8,302 23,362 9,167 2,952 2,704 55,187 11,428 120,526 2,666 2,555 8,865 24,636 9,762 3,110 2,799 60,480 12,107 127,707 2,795 2,602 Dubuque, IA Duluth-Supenor, MN-WI Dutchess County, NY* Eau Claire Wl El Paso, TX Elkhart-Goshen, IN Elmira, NY Enid, OK . Erie, PA .. Eugene-Springfield, OR 1,971 5,274 6,818 2,948 10,165 3,910 1,927 1,172 6,053 6,727 Evansville-Henderson, IN-KY Fargo-Moorhead, ND-MN Fayetteville, NC Fayetteville-Springdale-Rogers AR Flagstaff, AZ-UT Flint, Ml* . Florence, AL Florence, SC Fort Collins-Loveland, CO Fort Lauderdale, FL* Rank in U.S. Dollars 1996 1997 1998 1998 5.9 6.8 5.2 6.4 5.1 3.7 2.8 9.3 3.1 23,294 23,598 20,017 25,361 19,555 24,643 18,010 28,723 18,116 24,394 24,721 21,288 27,069 20,380 26,442 19,132 30,471 19,046 25,606 25,995 22,435 28,454 21,326 27,307 19,776 32,406 19,738 130 120 235 66 271 88 300 26 302 9,304 25,406 10,229 3,248 2,918 66,024 12,897 134,613 2,931 2,757 5.0 3.1 4.8 4.4 4.3 9.2 6.5 5.4 4.9 6.0 23,248 24,214 20,249 21,012 23,465 29,643 26,710 27,029 19,870 21,003 24,810 25,622 21,186 21,954 24,522 31,813 28,037 28,585 20,820 21,212 26,003 26,422 21,869 22,767 25,674 34,092 29,527 30,118 21,790 22,178 119 110 255 221 127 17 46 40 260 242 2,054 5,520 7,256 3,156 10,796 4,109 1,996 1,251 6,341 7,178 2,153 5,838 7,913 3,369 1i!363 4,409 2,077 1,294 6,570 7,568 4.8 5.8 9.1 6.7 5.3 7.3 4.1 3.4 3.6 5.4 22,296 22,206 25,949 20,649 15^081 23,164 20,648 20,603 21,617 21,960 23,293 23,215 27,525 22,003 15751 24,056 21,565 22,019 22,685 23,072 24,499 24,676 29,812 23,431 16,359 25,527 22,524 22,720 23,622 24,151 162 153 43 197 315 133 233 225 192 173 6,804 3,754 6,299 5,563 2,138 10,077 2,766 2,490 5,326 39,013 7,159 3,933 6,621 5,952 2,269 10,258 2,875 2,632 5,818 40,657 7,569 4,223 6,851 6,384 2,412 10,433 2,887 2,757 6,380 43,041 5.7 7.4 3.5 7.3 6.3 1.7 .4 4.7 9.7 5.9 23,552 22,761 22,205 20,870 18,112 23,148 20,252 20,218 24,060 27,042 24,677 23,601 23,183 21,731 18,942 23,564 20,988 21,161 25,799 27,530 26,079 25,073 24,104 22,895 20,050 23,947 21,054 22,114 27,607 28,546 117 142 175 213 297 177 282 248 81 62 Fort Myers-Cape Coral, FL Fort Pierce-Port St Lucie, FL Fort Smith AR-OK Fort Walton Beach, FL Fort Wayne, IN Fort Worth-Arlington, TX* Fresno, CA Gadsden, AL Gainesville, FL Galveston-Texas City, TX* 9,533 7,539 3,683 3,650 11,466 36,200 16,165 1,922 4,312 5,370 10,245 8,039 3,910 3,935 12,197 39,481 16,714 2,035 4,567 5,706 10,860 8,485 4,118 4,155 12,830 42,643 17,345 2,113 4,887 5,954 6.0 5.5 5.3 5.6 5.2 8.0 3.8 3.8 7.0 4.3 25,114 26,332 19,311 22,040 24,188 23,826 18,946 18,701 21,948 22,399 26,557 27,604 20,326 23,471 25,549 25,404 19,365 19,616 23,114 23,548 27,640 28,732 21,257 24,655 26,659 26,790 19,947 20,328 24,656 24,303 79 57 273 155 104 98 298 293 154 167 Gary, IN* Glens Falls NY Goldsboro, NC Grand Forks, ND-MN Grand Junction, CO Grand Rapids-Muskegon-Holland, Ml Great Falls, MT Greeley, CO* Green Bay, Wl Greensboro-Winston-Salem-High Point, NC 14,220 2,474 2,037 2,164 2,173 15,059 2,569 2,139 2,125 2,373 15,963 2,685 2,205 2,243 2,539 6.0 4.5 3.1 5.6 7.0 22,797 20,267 18,240 20,908 20,081 24,072 21,121 19,106 20,955 21,430 25,451 22,109 19,710 22,921 22,491 135 249 303 212 234 24,493 1,730 2,964 5,336 26,338 1,787 3,180 5,761 27,727 1,863 3,478 6,043 5.3 4.3 9.4 4.9 24,122 21,421 19,619 25,119 25,618 22,629 20,447 26,910 26,694 23,721 21,803 28,114 101 190 258 70 28,536 30,119 31,857 5.8 25,056 26,119 27,283 89 2,600 2,780 2,884 3.7 21,314 22,342 22,772 220 19,445 2,618 7,319 15,488 33,333 1,907 6,803 23,914 3,359 20,606 2,818 7,901 16,261 35,472 2,041 7,211 24,570 3,765 21,787 2,968 8,395 17,132 37,318 2,133 7,637 24,994 4,041 5.7 5.3 6.3 5.4 5.2 4.5 5.9 1.7 7.3 21,727 20,593 22,587 25,240 30,098 17,676 21,668 27,436 17,746 22,733 22,141 24,112 26,461 32,043 18,644 22,665 28,140 19,675 23,729 23,282 25,372 27,767 33,647 19,130 23,720 28,670 20,861 188 201 136 74 19 307 191 60 283 102,323 5,757 7,587 38,930 2,525 3,225 9,388 2,100 24,808 2,860 111,479 6,048 8,074 41,234 2,679 3,420 9,992 2,255 26,622 3,066 120,951 6,217 8,610 44,079 2,850 3,525 10,547 2,384 28,435 3,170 8.5 2.8 6.6 6.9 6.4 3.1 5.6 5.7 6.8 3.4 27,161 18,231 22,967 26,123 24,896 20,884 22,279 21,364 24,587 20,004 29,016 19,197 24,209 27,399 26,281 21,994 23,493 22,726 25,861 21,674 30,801 19,804 25,305 29,022 27,785 22,576 24,542 23,725 27,244 22,109 34 299 138 55 72 231 160 189 91 249 2,618 3,341 13,623 2,699 3,526 14,329 2,820 3,671 14,915 4.5 4.1 4.1 18,621 19,367 20,387 22,292 23,482 24,356 24,692 25,882 26,970 292 166 95 9,090 4,547 1,439 2,877 10,223 2,146 44,001 9,487 4,729 1,543 3,098 10,703 2,238 46,864 9,791 4,887 1,604 3,228 11,030 2,312 49,464 3.2 3.3 4.0 4.2 3.1 3.3 5.5 19,902 19,022 19,137 19,757 23,072 21,116 25,946 21,201 20,729 20,771 21,691 24,726 22,596 28,473 277 287 286 264 150 230 65 Davenport-Mohne-Rock Island, IA- Metropolitan Statistical Areas 3 55 1996 Area name Columbia, MO Columbia, SC Columbus, GA-AL Columbus, OH Corpus Christ!, TX Corvallis, OR Cumberland, MD-WV Dallas, TX* Danville, VA 254,130 48,223 75,742 123,313 66,080 145,721 112,191 Chicago-Gary-Kenosha, IL-IN-WI ... Cincinnati-Hamilton, OH-KY-IN Cleveland-Akron, OH Dallas-Fort Worth, TX Denver-Boulder-Greeley, CO Detroit-Ann Arbor-Flint, Ml Houston-Galveston-Brazoria, TX .... Los Angeles-Riverside-Orange County, CA Miami-Fort Lauderdale, FL Milwaukee-Racine, Wl Millions of dollars Percent change 1998 Consolidated Metropolitan Statistical Areas Per capita personal income1 Persona income Greenville, NC Greenville-Spartanburg-Anderson, SC Hagerstown, MD* Hamilton-Middletown, OH* Harrisburg Lebanon-Carlisle, PA Hartford, CT (NECMA) Hattiesburg, MS Hickory-Morganton-Lenoir, NC Honolulu, HI Houma, LA Houston, TX* Huntington-Ashland, WV-KY-OH Huntsville, AL Indianapolis, IN Iowa City, IA Jackson, Ml Jackson, MS Jackson, TN Jacksonville, FL Jacksonville, NC Jamestown, NY Janesville-Beloit, Wl Jersey City, NJ* Johnson City-Kingsport-Bnstol, TNVA Johnstown, PA Jonesboro, AR Joplin, MO Kalamazoo-Battle Creek, Ml Kankakee, IL* Kansas City, MO-KS 20,635 19,877 20,233 21,022 24,091 21,905 27,278 D-70 • Regional Data January 2001 SURVEY OF CURRENT BUSINESS Table K.1 .—Personal Income and Per Capita Personal Income by Metropolitan Area,'1996-98—Continued Area name Percent change Mil ons of dollars Rank in U.S. Dollars 1996 1997 1998 1998 22 266 19,633 22,490 24,185 22,337 19,041 21,139 20,476 23 725 20,615 23,500 25,306 23,477 20,585 22,539 21,450 25 833 21,178 24,640 26,423 24,742 21,487 23,312 22,139 123 278 156 109 149 268 200 245 8.2 5.5 20,428 21,179 22,609 23,895 25,094 26,303 229 111 10,909 2,591 2,805 36,686 1,993 2,299 2,296 12,098 3,521 6,474 2.0 6.4 6.5 8.6 5.7 4.0 3.5 6.5 3.6 7.0 22,692 12,617 15,383 25,654 18,671 19,613 20,834 24,108 20,740 24,907 23,738 13,508 15,832 26,813 19,878 20,336 21,973 25,593 21,949 25,926 24,226 13,870 16,599 27,780 20,645 21,257 22,671 26,912 22,818 27,487 170 316 314 73 289 273 226 97 219 85 13,777 4,418 233,234 26,134 5,108 4,427 7,051 12,106 3 737 6,215 14,468 4,615 246,949 27,717 5,352 4,624 7,362 12,831 3 853 6,631 5.0 4.5 5.9 6.1 4.8 4.4 4.4 6.0 31 6.7 23,919 20,086 24,860 25,102 21,243 20,769 21,889 27,377 19,914 11,815 25,028 21,315 25,557 26,290 22,201 21,401 22,306 28,678 21 108 12,330 26,105 22,131 26,773 27,749 23,451 22,268 23,067 30,214 21,784 12,759 116 246 100 75 195 240 209 39 261 318 3,583 9,830 26,848 3,241 46,930 3,815 10,530 28,009 3,361 48,682 4,022 11,043 30,053 3,498 51,448 5.4 4.9 7.3 4.1 5.7 21,301 21,680 24,991 16,972 22,270 22,368 22,934 25,886 17,337 22,833 23,214 23,758 27,511 17,732 23,919 204 185 83 312 178 37,384 39,791 82,373 1,852 10,156 40,288 42,358 88,381 1,951 10,715 42,920 44,637 94,991 2,066 11,200 6.5 5.4 7.5 5.9 4.5 34,287 27,224 29,836 20,981 19,504 36,473 29,022 31,621 21,963 20,332 38,414 30,582 33,561 23,234 21,062 7 37 20 203 281 7,954 30,560 2,949 7,127 2,537 3,437 7,218 29,754 89,857 8,479 32,687 3,011 7,415 2,619 3,761 8,082 32,036 95,415 9,022 34,639 3,117 7,745 2,739 4,030 8,553 33,910 99,865 6.4 6.0 3.5 4.5 4.6 7.2 5.8 5.8 4.7 19,237 28,688 20,103 22,523 21,477 20,984 38,806 26,687 33,870 20,214 30,289 20,489 23,219 22,252 22,202 41,913 28,171 35,878 21,136 31,682 21,230 24,084 23,545 23,088 42,813 29,344 37,381 280 28 276 176 193 207 2 49 9 61,489 65,661 69,039 5.1 37,874 40,383 42,346 3 6,891 29 928 286,900 64,525 8,215 7,257 31,508 298,107 68,333 8,573 7,392 32,955 315,195 72,343 9,099 1.9 4.6 5.7 5.9 6.1 27,394 22 876 33,273 33,274 22,701 28,993 24104 34,463 35,172 23,439 29,933 25 225 36,316 37,136 24,595 42 139 12 10 158 33,903 67,449 4,531 5,236 22,137 35,449 72,802 4,853 5,706 23,054 36,855 77,940 5,195 6,029 24,220 4.0 7.1 7.0 5.7 5.1 22,000 30,206 19,691 22,050 21,688 22,877 32,048 20,585 23,746 22,378 23,771 33,667 21,533 24,718 23,337 183 18 266 151 199 4,433 18,066 75,749 32,591 1,850 2,945 3,080 7,743 8,219 139,319 4,764 19,269 81,931 35,366 1,956 3,119 3,245 8,329 8,752 147,324 5,035 20,311 88,634 38,406 2,013 3,252 3,346 8,726 9,231 154,763 5.7 5.4 8.2 8.6 2.9 4.3 3.1 4.8 5.5 5.0 22,565 26,572 29,062 22,911 20,400 20,366 20,370 20,209 23,751 28,145 23,851 28,036 30,737 24,154 21,532 21,314 21,527 21,149 25,300 29,806 24,895 29,307 32,541 25,555 22,126 22,163 22,304 21,719 26,679 31,295 145 50 25 132 247 243 238 263 103 31 Phoenix-Mesa AZ Pine Bluff AR Pittsburgh PA Pittsfield, MA (NECMA) Pocatello ID Portland, ME (NECMA) Portland-Vancouver, OR-WA* Providence-Warwick-Pawtucket, Rl (NECMA) Provo-Orem, UT Pueblo, CO 64,964 1,490 60 346 3,329 1 340 6,702 46,765 71,417 1,531 63 488 3,529 1 402 7,157 50,709 78,210 1,579 66 013 3,684 1 468 7,623 53,563 9.5 3.1 40 4.4 47 6.5 5.6 23,593 18,030 25,422 24,781 18,251 26,795 26,660 25,134 18,642 26 909 26,352 18 967 28,390 28,319 26,686 19,357 28,149 27,731 19,759 29,960 29,430 102 306 69 76 301 41 47 22,543 5,285 2,521 24,037 5,662 2,716 25,350 6,103 2,884 5.5 7.8 6.2 24,909 26,591 28,007 16,456 17,189 17,956 19,291 20,505 21,379 71 311 269 Punta Gorda, FL Racine, Wl* Raleigh-Durham-Chapel Hill, NC ... Rapid City, SD 2,832 4,546 27,660 1,909 3,044 4,872 30,467 1,993 3,201 5,142 32,804 2,083 5.2 5.5 7.7 4.5 21,758 24,655 27,069 22,022 23,752 27,712 30,394 23,858 187 77 38 180 1996 1997 1998 1997-98 Kenosha Wl* Killeen-Temple, TX Knoxville, TN Kokomo, IN La Crosse, WI-MN Lafayette, LA Lafayette, IN Lake Charles, LA 3 147 5,784 14,733 2,426 2,706 7,005 3,627 3,648 3 391 6,086 15,544 2,536 2,848 7,655 3,870 3,844 3 730 6,289 16,420 2,644 3,011 8,062 4,067 3,988 100 3.3 5.6 4.3 5.7 5.3 5.1 3.7 Lakeland-Winter Haven, FL Lancaster, PA 8,990 10,760 9,461 11,384 10,234 12,012 Lansing-East Lansing, Ml Laredo, TX Las Cruces, NM Las Vegas NV-AZ Lawrence, KS Lawton, OK Lewiston-Auburn, ME (NECMA) Lexington, KY Lima, OH Lincoln NE . 10,192 2,200 2,490 30,650 1,731 2,154 2,116 10,595 3,224 5,752 10,690 2,436 2,635 33,792 1,886 2,211 2,218 11,360 3,399 6,050 Little Rock-North Little Rock, AR ... Longview-Marshall, TX Los Angeles-Long Beach, CA* Louisville KY-IN Lubbock TX Lynchburg, VA Macon, GA Madison, Wl Mansfield OH McAllen-Edinburg-Mission, TX 13,066 4126 225,144 24,826 4,906 4,265 6,824 11,367 3 527 5,789 Medford-Ashland, OR Melbourne-Titusville-Palm Bay, FL Memphis TN-AR-MS Merced CA Miami, FL* Middlesex-Somerset-Hunterdon, NJ* Milwaukee-Waukesha Wl* Minneapolis-St. Paul, MN-WI Missoula, MT Mobile, AL Modesto, CA Monmouth-Ocean, NJ* Monroe, LA Montgomery AL Muncie, IN . . . . Myrtle Beach, SC Naples, FL Nashville TN Nassau-Suffolk NY* New Haven-Bridgeport-StamfordDanbury-Waterbury, CT* New London-Norwich, CT (NECMA) New Orleans LA New York, NY* Newark NJ* Newburgh, NY-PA* Norfolk-Virginia Beach-Newport News VA-NC Oakland, CA* Ocala, FL Odessa-Midland, TX Oklahoma City OK Olympia WA* . Omaha, NE-IA Orange County, CA* Orlando, FL Owensboro KY Panama City FL . . Parkersburg-Marietta, WV-OH Pensacola FL Peoria-Pekin IL Philadelphia, PA-NJ* 23,002 26,324 28,997 22,904 1. Per capita personal income was computed using Census Bureau midyear population estimates. Estimates for 1996-98 reflect county population estimates available as of March 2000. 2. The personal income level shown for the United States is derived as the sum of the county estimates. It differs from the estimate of personal income in the national income and product accounts (NIPA's) because of differences in coverage, in the methodologies used to prepare the estimates, and in the timing of the availability of source data. In particular, it differs from the NIPA estimate because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. Per capita personal income' Personal income Per capita personal income' Personal income Area name Percent change Millions of dollars Rank i-i U.S. Dollars 1996 1997 1998 1996 1997 1998 1998 Reading PA Redding, CA Reno, NV Richland-Kennewick-Pasco, WA Richmond-Petersburg, VA Riverside-San Bernardino CA* 8,814 3,282 9,134 3,872 24,626 58,143 9,356 3,467 9,706 3,992 26,023 61,729 9,787 3,609 10,342 4,170 27,267 66,385 4.6 4.1 6.6 4.5 4.8 7.5 25,046 20,344 30,611 21,637 26,400 19,411 26,439 21,322 31,687 22,072 27,602 20,246 27,511 21,986 33,040 22,829 28,635 21,300 83 253 22 218 61 272 Roanoke, VA Rochester, MN Rochester NY Rockford, IL Rocky Mount, NC Sacramento, CA* Saginaw-Bay City-Midland, Ml St. Cloud, MN St. Joseph, MO St. Louis, MO-IL 5,722 3,099 27,296 8,366 2,927 36,874 9,273 3,224 1,989 67,326 5,998 3,314 28,598 8,814 3,120 39,310 9,768 3,332 2,092 71,492 6,297 3,611 29,603 9,258 3,207 42,325 10,044 3,670 2,184 74,516 5.0 9,0 3.5 5.0 2.8 7,7 2.8 10.1 4.4 4.2 25,046 27,413 25,154 23,683 20,375 24,489 23,034 20,124 20,488 26,406 26,250 28,928 26,396 24,820 21,475 25,729 24,277 20,593 21,533 27,951 27,624 30,880 27,390 25,938 21,979 27,232 25,010 22,539 22,434 29,089 80 33 87 121 254 92 143 232 236 53 Salem, OR* Salinas, CA Salt Lake City-Ogden, UT San Angelo TX San Antonio, TX San Diego, CA San Francisco, CA* San Jose CA* San Luis Obispo-Atascadero-Paso Robles, CA Santa Barbara-Santa ManaLompoc, CA 6,810 9,036 27,043 2,072 32,119 66 403 66,781 55,782 7,235 9,769 29,335 2,156 34,585 71 126 71,370 61,581 7,621 10,333 31,201 2,273 36,655 76,502 76,080 67,034 5.3 5.8 6,4 5.4 6.0 76 6.6 8.9 21,377 26,018 22,007 20,360 21,688 24 836 40,398 35,003 22,277 27,221 23,448 21,075 22,840 26129 42,706 37,974 23,072 28,185 24,698 22,140 23,800 27 657 45,199 40,828 208 68 152 244 181 78 1 4 5,024 5,492 5,807 5.7 21,984 23,730 24,807 147 10 149 10 628 11 177 52 26 554 27 476 28 698 59 Santa Cruz-Watsonville, CA* Santa Fe, NM Santa Rosa, CA* Sarasota-Bradenton, FL Savannah GA Scranton-Wilkes-Barre-Hazleton, PA .... Seattle-Bellevue-Everett, WA* Sharon, PA Sheboygan, Wl Sherman-Denison, TX 6,651 3,669 11,484 16,405 6,575 7,188 3,875 12,440 17,653 6,779 7,613 4,145 13,408 18,558 7,170 5.9 7.0 7.8 5.1 5.8 28,225 26,766 27,392 31,015 23,414 30,093 27,729 29,173 32,980 23,896 31,302 29,375 30,911 34,178 25,135 30 48 32 15 141 13,593 69,785 2,360 2,612 2,017 14,157 77,181 2,475 2,715 2,150 14,641 85,191 2,585 2,876 2,287 3.4 10.4 4.4 5,9 6.4 21,663 31,356 19,310 23,882 20,187 22,792 33,968 20,275 24,734 21,356 23,764 36,854 21,231 26,149 22,417 184 11 275 114 237 Shreveport-Bossier City, LA Sioux City, IA-NE Sioux Falls, SD South Bend, IN Spokane, WA Springfield, IL Springfield MO Springfield, MA (NECMA) State College, PA Steubenville-Weirton, OH-WV 8,029 2,717 4,124 5,994 8,663 5,048 6,379 13,915 2,779 2,617 8,271 2,782 4,378 6,348 9,158 5,324 6,822 14,736 2,945 2,626 8,630 2,909 4,686 6,657 9,573 5,552 7,130 15,409 3,072 2,723 4.3 4.6 7.0 4.9 4.5 4.3 4.5 4.6 4.3 3.7 21,186 22,491 26,304 23,279 21,434 24,759 21,488 23,525 21,043 18,935 21,776 23,092 27,678 24,591 22,581 26,108 22,660 24,947 22,230 19,235 22,858 24,173 29,131 25,782 23,450 27,215 23,399 26,131 23,272 20,224 214 172 52 125 196 94 198 115 202 295 Stockton-Lodi, CA Sumter, SC Syracuse. NY Tacoma, WA* Tallahassee, FL Tampa-St Petersburg-Clearwater, FL Terre Haute, IN Texarkana, TX-Texarkana, AR Toledo, OH Topeka, KS 10,345 1,798 16,439 14,257 5,762 11,015 1,855 17,079 15,657 6,071 11,440 1,943 17,797 16,561 6,472 3.9 4.7 4.2 5.8 6.6 19,462 16,191 22,099 21,785 22,464 20,398 16,650 23,122 23,617 23,497 20,813 17,294 24,219 24,500 24,978 285 313 171 161 144 53,581 2,918 2,363 14,643 3,969 57,542 3,006 2,492 15,437 4,138 61,373 3,144 2,535 15,907 4,345 6.7 4.6 1.7 3.0 5.0 24,408 19,450 19,168 24,002 23,486 25,861 20,149 20,235 25,290 24,424 27,224 21,154 20,640 26,077 25,508 93 279 290 118 134 Trenton, NJ* Tucson, AZ Tulsa, OK Tuscaloosa, AL Tyler, TX Utica-Rome, NY Vallejo-Fairfield-Napa, CA* Ventura, CA* Victoria, TX Vineland-Millville-Bndgeton, NJ* 11,031 15,985 18,236 3,224 3,710 6,064 11,291 18,524 1,772 2,921 11,729 16,797 19,325 3,401 3,979 6,290 12,014 19,810 1,856 3,038 12,447 17,959 20,608 3,547 4,234 6,573 12,841 21,020 1,971 3,195 6.1 6.9 6.6 4.3 6.4 4.5 6.9 6.1 6.2 5.2 33,452 20,845 24,183 20,338 22,676 20,134 23,387 26,057 22,057 20,682 35,557 21,570 25,269 21,269 24,016 21,143 24,567 27,432 23 019 21,557 37,551 22,723 26,533 22,063 25,190 22,302 25,874 28,711 24131 22,756 8 224 107 251 140 239 122 58 174 222 6,040 3,966 149,504 2,667 2,710 37 819 3,071 12618 2,899 2,348 6,284 4,212 157,925 2,842 2,904 38,836 3,152 13,477 3,016 2,451 6,698 4,435 168,006 2,961 3,050 41,361 3^316 14,255 3,126 2,558 6.6 5.3 6.4 4.2 5.0 6.5 5.2 5.8 3.6 4.4 17,427 19,720 32,896 21,811 22,318 38,070 19^531 23,984 21,115 19,756 17,943 20,813 34,318 23,418 23,755 38,272 20,209 25,239 22^032 20,754 18,893 21,826 36,043 24,484 24,781 40,044 21^348 26,211 22^851 21,791 308 257 14 163 148 5 270 113 215 259 15,756 4,584 4,177 3,646 8,693 12,718 2,480 2,071 16,628 4,998 4,331 3,851 9,123 13,339 2,551 2,200 18,012 5,298 4,533 3,954 9,565 13,693 2,676 2,411 8.3 6.0 4.7 2.7 4.8 2.7 4.9 9.6 28,464 22,171 19,511 24,458 23,609 21 235 18,205 16,572 29,736 23,492 20,035 25,418 24,599 22,383 18,676 17,047 31,885 24,272 20,718 25,791 25,596 23,089 19,532 18,277 27 168 288 124 131 206 305 310 Visalia-Tulare-Porterville, CA Waco, TX Washington, DC-MD-VA-WV* Waterloo-Cedar Falls, IA Wausau, Wl West Palm Beach-Boca Raton FL Wheeling, WV-OH Wichita KS Wichita Falls, TX Williamsport, PA Wilmington-Newark DE-MD* Wilmington, NC Yakima, WA Yolo, CA* York, PA Youngstown-Warren, OH Yuba City, CA Yuma AZ 1997-98 3. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's designated by *), and New England County Metropolitan Areas (NECMA's). The New Haven-Bridgeport-Stamford-Danbury-Waterbury, CT NECMA is presented as a PMSA (part of the New York CMSA). Source: Table 1 in "Comprehensive Revision of Local Area Personal Income" in the July 2000 issue of the SURVEY OF CURRENT BUSINESS. SURVEY OF CURRENT BUSINESS January 2001 Regional Data • L. Charts SHARES OF U.S. PERSONAL INCOME BY REGION 1969 1999 Great Lakes 16.2% Mideast 23.6% New England Plains 7.5% Southeast 17.3% Rocky Mountain 2.2% Southwest 7.0% SHARES OF U.S. GROSS STATE PRODUCT BY REGION 1977 Mideast 20.2% New England 5.2% Far West 15.7% Southeast 19.6% Southwest 9.3% Rocky Mountain 2.8% AVERAGE ANNUAL GROWTH RATE OF PERSONAL INCOME, 1969-99 STATES WITH FASTEST GROWTH U.S. average 8.0% Percent D-71 D—72 • Regional Data SURVEY OF CURRENT BUSINESS January 2001 SELECTED REGIONAL ESTIMATES PER CAPITA PERSONAL INCOME, 1999 ND $23,313 I V " ^ \ iwn ~Z"Z --' ^ - ^ ^ - a ^ $30,793 f * Wl $27,390 ( \ United States $28,542 \ \ ] Q ] | [ States with highest levels ° I f ^ w "| States with lowest levels | All other States PERSONAL INCOME: PERCENT CHANGE, 2000:1-2000:11 MA 1.0 United States 1.7% Fastest growing States Slowest growing States • U.S- Department of Commerce, Bureau of Economic Analysis All other States January 2001 SURVEY OF CURRENT BUSINESS Appendixes • D—73 Appendix A Additional Information About the NIPA Estimates Statistical Conventions Changes in current-dollar GDP measure changes in the market value of goods and services produced in the economy in a particular period. For many purposes, it is necessary to decompose these changes into quantity and price components. To compute the quantity indexes, changes in the quantities of individual goods and services are weighted by their prices. (Quantity changes for GDP are often referred to as changes in "real GDP") For the price indexes, changes in the prices for individual goods and services are weighted by quantities produced. (In practice, the current-dollar value and price indexes for most GDP components are determined largely using data from Federal Government surveys, and the real values of these components are calculated by deflation at the most detailed level for which all the required data are available.) The annual changes in quantities and prices are calculated using a Fisher formula that incorporates weights from 2 adjacent years. For example, the annual percent change in real GDP in 1997-98 uses prices for 1997 and 1998 as weights, and the 1997-98 annual percent change in the GDP price index uses quantities for 1997 and 1998 as weights. Because the Fisher formula allows for the effects of changes in relative prices and in the composition of output over time, the resulting quantity or price changes are not affected by the substitution bias that is associated with changes in quantities and prices calculated using a fixed-weighted formula.1 These annual changes are "chained" (multiplied) together to form time series of quantity and price; the percent changes that are calculated from these time series are not affected by the choice of reference period. The quarterly changes in quantities and prices are calculated with weights from two adjacent quarters. As part of an annual or comprehensive revision, the quarterly indexes through the most recent complete year are adjusted to ensure that the average of the quarterly indexes conforms to the corresponding annual index. In addition, BEA prepares measures of real GDP and its components in a dollar-denominated form, designated "chained (1996) dollar estimates." These estimates are computed by multiplying the 1996 current-dollar value of GDP, or of a GDP component, by the corresponding quantity index number. For example, if a current-dollar GDP component equaled $100 in 1996 and if real output for this component 1. In addition, because the changes in quantities and prices calculated using these weights are symmetric, the product of a quantity index and the corresponding price index is generally equal to the current-dollar index. increased by 10 percent in 1997, then the "chained (1996) dollar" value of this component in 1997 would be $110 ($100 x 1.10). Note that percentage changes in the chained (1996) dollar estimates and the percentage changes calculated from the quantity indexes are identical, except for small differences due to rounding. Because of the formula used for calculating real GDP, the chained (1996) dollar estimates for detailed GDP components do not add to the chained-dollar value of GDP or to any intermediate aggregates. A "residual" line is shown as the difference between GDP and the sum of the most detailed components shown in each table. The residual generally is small close to the base period but tends to become larger as one moves further from it. Accurate measures of component contributions to the percentage changes in real GDP and its major components are shown in NIPA tables 8.2-8.6. BEA also publishes the "implicit price deflator" (IPD), which is calculated as the ratio of current-dollar value to the corresponding chained-dollar value, multiplied by 100; the values of the IPD and of the corresponding "chain-type" price index are very close. For quarters and months, the estimates are presented at annual rates, which show the value that would be registered if the rate of activity measured for a quarter or a month were maintained for a full year. Annual rates are used so that time periods of different lengths—for example, quarters and years—may be compared easily. These annual rates are determined simply by multiplying the estimated rate of activity by 4 (for quarterly data) or by 12 (for monthly data). Percent changes in the estimates are also expressed at annual rates. Calculating these changes requires a variant of the compound interest formula: where r is the percent change at an annual rate; xt is the level of activity in the later period; x0 is the level of activity in the earlier period; m is the yearly periodicity of the data (for example, 1 for annual data, 4 for quarterly, or 12 for monthly); and n is the number of periods between the earlier and later periods (that is, t- 6). Quarterly and monthly NIPA estimates are seasonally adjusted, if necessary. Seasonal adjustment removes from the time series the average impact of variations that normally occur at about the same time and in about the same magnitude each year—for example, weather, holidays, and tax payment dates. After seasonal adjustment, cyclical and other short-term changes in the economy stand out more clearly. D—74 • Appendix A SURVEY OF CURRENT BUSINESS January 2001 Reconciliation Tables Table 1.—Reconciliation of Changes in BEA-Derived Compensation Per Hour with BLS Average Hourly Earnings [Percent change from preceding period] Seasonally adjusted at annual rates 1998 1999 1999 II I 2000 IV III II I BEA-derived compensation per hour of all persons in the nonfarm business sector (less housing)' 5.1 4.8 5.0 5.5 4.2 3.9 5.9 6.3 Less: Contribution of supplements to wages and salaries per hour -.5 -.3 -.4 -.5 -.4 .1 .2 -.1 Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit institutions -.3 _ -.3 -.5 -.3 -.1 -.1 -.5 Less: Contribution of wages and salaries per hour of persons in government enterprises, unpaid family workers, and self-employed -.1 0 -.1 -.1 -.1 -.1 -.3 Equals: BEA-derived wages and salaries per hour of all employees in the private nonfarm sector 5.5 5.0 5.1 5.5 4.4 3.7 5.9 Less: Contribution of wages and salaries per hour of nonproduction workers in manufacturing -1 -1 4 4 2 4 4 Less: Other differences 1.5 1.4 1.0 1.4 1.3 -.3 1.6 1.9 Equals-. BLS average hourly earnings of production or nonsupervisory workers on private nonfarm payrolls 4.1 3.6 3.7 3.7 3.1 3.8 3.9 3.8 Addendum: BLS estimates of compensation per hour in the nonfarm business sector3 5.3 5.0 5.0 5.5 4.2 3.9 5.9 6.3 2 p Preliminary. 1. Includes BLS data on compensation and hours of nonfarm proprietors and hours worked of unpaid family workers. 2. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates also include differences in BEA and BLS benchmark procedures; quarterly estimates also include -I 0 6.0 differences in seasonal adjustment procedures. 3. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates include compensation and hours of tenant-occupied housing. BLS Bureau of Labor Statistics Table 2.—Relation of Net Exports of Goods and Services and Net Receipts of Income in the NIPA's to Balance on Goods, Services, and Income in the ITA's [Billions of dollars] Seasonally adjusted at annual rates Line Exports of goods, services, and income receipts, ITA's .... Less: Gold, ITA's Statistical differences* Other items Plus: Adjustment for grossing of parent/affiliate interest payments Adjustment for U.S. territories and Puerto Rico Services furnished without payment by financial intermediaries except life insurance carriers 1998 1999 1999 2000 1191.4 1232.4 1204.0 1252.3 1298.4 1347.4 1414.5 1445.9 5.5 0 .9 5.3 0 1.0 3.2 0 .9 6.1 0 1.1 8.8 0 1.1 9.6 8.8 1.3 3.7 15.3 1.2 4.2 13.3 1.5 4.5 43.3 4.6 48.9 4.4 48.0 4.6 48.6 5.3 52.8 6.0 52.7 5.8 51.3 5.8 54.3 18.5 16.4 16.7 15.7 15.5 16.4 16.9 16.6 Equals: Exports of goods and services and income receipts, NIPA's 1251.4 1296.1 1268.9 1314.0 1362.2 1402.8 1468.3 1503.6 Imports of goods, services, and income payments, ITA's 1364.5 1515.9 1473.8 1565.3 1626.3 1705.3 1785.3 1850.0 6.5 0 0 5.8 0 0 3.2 0 0 7.4 0 0 9.3 0 0 9.6 5.5 0 3.0 7.5 0 4.2 9.0 0 -3.1 4.5 28.4 18.5 -2.7 4.6 32.6 16.4 -2.7 4.4 30.0 16.7 -2.6 4.6 32.5 15.7 -2.7 5.3 39.6 15.5 -3.2 6.0 36.2 16.4 -3.1 5.8 37.5 16.9 -2.8 5.8 45.6 16.6 Equals: Imports of goods and services and income payments, NIPA's 1406.4 1561.1 1519.0 1608.1 1674.8 1745.7 1832.0 1902.0 Balance on goods, services, and income, ITA's (1-9) . -173.1 -283.5 -313.0 -327.9 -357.9 -370.8 -404.1 -4.1 0 .9 -3.2 0 1.0 -2.7 0 .9 -3.9 0 1.1 -3.2 0 1.1 -3.2 3.3 1.3 -2.4 7.8 1.2 -2.8 4.3 1.5 14.9 16.3 18.0 16.1 13.2 16.5 13.8 -155.0 -265.0 -250.1 -294.1 -312.6 -342.9 -363.7 Less: Gold, ITA's Statistical differences1 Other items Plus: Gold, NIPA's Adjustment for grossing of parent/affiliate interest payments Adjustment for U.S. territories and Puerto Rico Imputed interest paid to rest of world Less: Gold (2-10+13) Statistical differences (3-11)1 Other items (4-12) Plus: Adjustment for U.S. territories and Puerto Rico (6-15) Equals: Net exports of goods and services and net receipts of income, NIPA's (8-17) 1. Consists of statistical revisions in the NIPA's that have not yet been incorporated into the ITA's (2000:lll) and statistical revisions in the ITA's that have not yet been incorporated into the NIPA's (2000:l-2000:lll). 23 ITA's International transactions accounts NIPA's National income and product accounts 8.7 -398.4 SURVEY OF CURRENT BUSINESS January 2001 Appendix B • Appendix B Suggested Reading The Bureau of Economic Analysis (BEA) has published a wealth of information about the methodologies that are used to prepare its national, regional, and international accounts. National accounts The national accounts encompass the detailed estimates in the national income and product accounts (including gross domestic product), the estimates of wealth and related estimates, gross product by industry, the inputout accounts, and the satellite accounts. National income and product accounts (NIPA's). This series of papers documents the conceptual framework of the NIPA's and the methodologies that have been used to prepare the estimates. An Introduction to National Economic Accounting (1985) [also in the March 1985 SURVEY] Corporate Profits: Profits Before Tax, Profits Tax Liability, and Dividends (1985) Foreign Transactions (1987) [A revised version is forthcoming.] GNP: An Overview of Source Data and Estimating Methods (1987) [Most of the information in this paper has been superseded by "A Guide to the NIPA's" (March 1998 SURVEY).] Government Transactions (1988) Personal Consumption Expenditures (1990) These methodologies have been updated and improved, typically as part of the comprehensive and annual revisions of the NIPA's. The most recent revisions are described in the following SURVEY articles. "A Preview of the 1999 Comprehensive Revision of the National Income and Product Accounts" Definitional and Classificational Changes (August 1999) New and Redesigned Tables (September 1999) Statistical Changes (October 1999) "Improved Estimates of the National Income and Product Accounts: Results of the Comprehensive Revision" For 1959-98 (December 1999) For 1929-99 (April 2000) "Annual Revision of the U.S. National Income and Product Accounts" (August 2000) "A Guide to the NIPA's" (March 1998) provides the definitions of the major NIPA aggregates and components, discusses the measures of real output and prices, explains how production is classified and how the NIPA's are presented, describes the statistical conventions that are used, and lists the principal source data and methods that are used to prepare the estimates of gross domestic product (GDP). Information about the sources and methods that are used to prepare the national estimates of personal income, which are the basis for the State estimates, is in State Personal Income, 1929-97(1999). "BEA's Chain Indexes, Time Series, and Measures of Long-Term Economic Growth" (May 1997) is the most recent in a series of articles that describe the conceptual basis for the chain-type measures of real output and prices that are used in the NIPA's. "Reliability of the Quarterly and Annual Estimates of GDP and Gross Domestic Income" (December 1998) evaluates these estimates by examining the record of revisions to them. Wealth and related estimates. Fixed Reproducible Tangible Wealth in the United States, 1925-94 (1999) discusses the concepts and statistical considerations that underlie the estimates and their derivation. "Fixed Assets and Consumer Durable Goods for 1925-98" (April 2000) describes the definitional and statistical improvements that were incorporated in the comprehensive revision of the estimates. Gross product by industry. "Improved Estimates of Mission and Strategic Plan The mission statement of the Bureau of Economic Analysis and the latest update to its strategic plan for improving the accuracy, reliability, and relevance of the national, regional, and international accounts are available on BEA's Web site at <www.bea.doc.gov>. For information about the development and the implementation of the plan, see these SURVEY articles. "Mid-Decade Strategic Review of BEA's Economic Accounts: Maintaining and Improving Their Performance" (February 1995) "Mid-Decade Strategic Review of BEA's Economic Accounts: An Update" (April 1995) "BEA's Mid-Decade Strategic Plan: A Progress Report" (June 1996) D-75 D-76 • Appendix B SURVEY OF CURRENT BUSINESS "Gross Product by Industry for 1947-98" (June 2000) describes the most recent comprehensive revision of these estimates. "Gross Domestic Product by Industry for 1997-99" (December 2000) describes the most recent annual revision of the these estimates. Input-output accounts. "Benchmark Input-Output Accounts for the U.S. Economy, 1992" (November 1997) describes the preparation of the 1992 accounts and the concepts and methods that underlie the accounts. "Annual Input-Output Accounts of the U.S. Economy" presents annual tables that update the 1992 benchmark accounts For 1996 (January 2000) For 1997 (January 2001) Satellite accounts. These accounts extend the analytical capacity of the national accounts by focusing on one aspect of economic activity. "Integrated Economic and Environmental Satellite Accounts" and "Accounting for Mineral Resources: Issues and BEA's Initial Estimates" (April 1994) "A Satellite Account for Research and Development" (November 1994) "U.S. Transportation Satellite Accounts" For 1992 (April 1998) For 1996 (May 2000) "U.S. Travel and Tourism Satellite Accounts" For 1992 (July 1998) For 1996 and 1997 (July 2000) January 2001 Investment Abroad: 1994 Benchmark Survey, Final Results (1998) "A Guide to BEA Statistics on U.S. Multinational Companies," which is also available in the March 1995 SURVEY "Methodology for Foreign Direct Investment in the United States," which is also available in Foreign Direct Investment in the United States: 1992 Benchmark Survey, Final Results (1995) "A Guide to BEA Statistics on Foreign Direct Investment in the United States," which is also available in the February 1990 SURVEY International services. U.S. International Transactions in Private Services: A Guide to the Surveys Conducted by the Bureau of Economic Analysis (1998) describes 11 surveys. It includes classifications, definitions, release schedules, the methods used to prepare the estimates, and samples of the survey forms. Regional accounts The regional accounts include estimates of personal income and gross state product. Personal income. Estimates of personal income are prepared for States and for local areas. "Comprehensive Revision of State Personal Income for 1969-99" (June 2000) summarizes the changes in the methodology that is used to prepare the estimates. The detailed methodology is available on the CD-ROM State Personal Income, 1969-98. "Comprehensive Revision of Local Area Personal Income for 1969-98" (July 2000) summarizes the changes in the methodology that is used to prepare the estimates International accounts for counties and metropolitan areas. The detailed methThe international accounts encompass the international odology is available on the CD—ROM Regional Ecotransactions accounts, direct investment, and interna- nomic Information System, 1969-98. Gross state product. "Comprehensive Revision of tional transactions in services. International transactions accounts (ITA's). The Gross State Product by Industry, 1977-94" (June 1997 Balance of Payments of the United States: Concepts, Data SURVEY) summarizes the sources and the methods that Sources, and Estimating Procedures (1990) describes the are used to prepare the estimates. "Gross State Product methodologies used to prepare the estimates in the by Industry, 1977-98" (October 2000) describes the ITA's and the international investment position of the most recent comprehensive revision of these estimates. United States. These methodologies are usually updated and improved as part of the annual revisions of the ITA's. Availability "U.S. International Transactions, Revised Estimates" Most of the items listed here are available on our is a series of articles about the annual ITA revisions and Web site at <www.bea.doc.gov>; in particular, the improvements in methodology; the latest article is look under "Methodologies." Our online Catalog published in the July 2000 issue. of Products provides descriptions of both our Direct investment. International Direct Investment: printed and electronic publications. The Catalog Studies by the Bureau of Economic Analysis (1999) is a also includes links to compressed files of our discollection of previously published articles on U.S. direct kette products that can be downloaded for free. investment abroad and foreign direct investment in the For specific information about the availability United States. It also includes the following informaof our most recently released estimates and prodtion. ucts, see "Getting BEA's Estimates" on the inside back cover. "Methodology for U.S. Direct Investment Abroad" which is also available in U.S. Direct -MM Ui'M ^ S Schedule of Upcoming BEA News Releases U.S. International Trade in Goods and Services, November 2000* State Personal Income, 3rd quarter 2000 Gross Domestic Product, 4th quarter 2000 (advance) Jan. 19 Jan. 24 Jan. 31 8:30 a.m. 9:00 a.m. 8:30 a.m. Personal Income and Outlays, December 2000 U.S. International Trade in Goods and Services, December 2000* Gross Domestic Product, 4th quarter 2000 (preliminary) Feb. 1 Feb. 21 Feb. 28 8:30 a.m. 8:30 a.m. 8:30 a.m. Personal Income and Outlays, January 2001 U.S. International Transactions, 4th quarter 2000 U.S. International Trade in Goods and Services, January 2001* Gross Domestic Product, 4th quarter 2000 (final) and Corporate Profits, 4th quarter 2000 (revised) Personal Income and Outlays, February 2001 Mar. 1 Mar. 15 Mar. 20 8:30 a.m. 8:30 a.m. 8:30 a.m. Mar. 29 Mar. 30 8:30 a.m. 8:30 a.m. U.S. International Trade in Goods and Services, February 2001* State Personal Income, 4th quarter 2000 and Per Capita Personal Income, 2000 (preliminary) Gross Domestic Product, 1st quarter 2001 (advance) Personal Income and Outlays, March 2001 April 18 8:30 a.m. * Joint release by the Bureau of the Census and the Bureau of Economic Analysis (BEA) For more information, call BEA at 202-606-9900, or go to our Web site at WWW.bea.doc.gov ". April 24 9:00 a.m. April 27 8:30 a.m. April 30 8:30 a.m.