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MARCH 2009
BEA’s MONTHLY JOURNAL
Survey of C urrent B usiness
In This Issue . . .
Preview of the 2009 Comprehensive NIPA Revision:
Changes in Definitions and Presentations
BEA Briefing: Future Directions for the Industry Accounts
Si BEA
BUREAU OF ECONOMIC ANALYSIS
U.S. DEPARTMENT OF COMMERCE
ECONOMICS AND STATISTICS ADMINISTRATION
U.S. Department of Commerce
Economics and Statistics Administration
Bureau of Economic Analysis
J. Steven Landefeld, Director
Rosemary D. Marcuss, Deputy Director
Ana M. Aizcorbe, C hief Economist
Brian M. Callahan, C hief Information Officer
Dennis J. Fixler, C hief Statistician
Brent R. Moulton, Associate Director for National Economic Accounts
Brian C. Moyer, Associate Director fo r Industry Accounts
Joel D. Platt, Associate Director fo r Regional Economics
Obie G. Whichard, Associate Director for International Economics
BEA Advisory Committee
The BEA Advisory Committee advises the Director of BEA on matters related to the development and improvement of BEA’s national,
regional, industry, and international economic accounts, especially in areas of new and rapidly growing economic activities arising from
innovative and advancing technologies, and it provides recommendations from the perspective of business economists, academicians,
researchers, and experts in government and international affairs.
Dale W. Jorgenson, Chair, Harvard University
Alan J. Auerbach, University o f California, Berkeley
Richard B. Berner, Morgan Stanley
Michael J. Boskin, Stanford University
Barry P. Bosworth, The Brookings Institution
Susan M. Collins, University of Michigan
Robert J. Gordon, Northwestern University
Maurine A. Haver, Haver Analytics, Inc.
Charles R. Hulten, University of Maryland
Therese J. McGuire, Northwestern University
William D. Nordhaus, Yale University
Joel L. Prakken, Chairman, Macroeconomic Advisers, LLC
Andrew D. Reamer, The Brookings Institution
James Kim, Editor-in-Chief
M. Gretchen Gibson, Managing Editor
Kristina L. Maze, Production Manager
W m. Ronnie Foster, Graphic Designer
Colby Johnson, Graphic Designer
Danielle M. Wittenberg, Editor
Elizabeth M. Terroni, Intern
The SURVEY OF CURRENT BUSINESS (ISSN 0 0 3 9 -6 2 2 2 ) is
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required by law of the Department.
Survey of C urrent B usiness
March 2009
1
Volume 89 • Number 3
GDP and the Economy: Preliminary Estimates for the Fourth Quarter of 2008
Real GDP declined 6.2 percent after declining 0.5 percent in the third quarter, reflecting a downturn
in exports and a larger decrease in investment in equipment and software. The fourth-quarter
estimate was revised down 2.4 percentage points from the advance estimate.
10
Preview of the 2009 Comprehensive NIPA Revision: Changes in Definitions and
Presentations
This comprehensive revision will change definitions and presentations to improve the national
accounts’ treatment of disasters and insurance services by government enterprises among other
things.
29
BEA Briefing
Future Directions for the Industry Accounts
A look at planned improvements to these accounts, including the development of quarterly GDP by
industry statistics and better integration between the annual industry accounts and the benchmark
input-output accounts.
www.bea.gov
/■/'
March 2009
D-1
BEA Current and Historical Data
/'/#
Director’s Message
iv
Taking Account
BEA’s Web Site and Contacts (inside back cover)
Schedule of Upcoming News Releases (back cover)
Looking Ahead
Quarterly Regional Report. State personal income for the fourth quarter of 2008 and
per capita personal income for 2008.
U.S. International Transactions. Transactions for the fourth quarter of 2008 and for
2008.
/'//
March 2009
Director’s Message______________
".................... 11.........
■■'■■■.....
.......... .................... .................
..... ■■■!■■■■H!»■■■■ ....... ...........■
..................... ■'"■■■■» ........... ■■■■■.■■I—I——
The Bureau of Economic Analysis (BEA) will release a compre
hensive revision of the national income and products accounts in
July. These revisions, which traditionally have occurred every 5
years, allow us to incorporate high-quality source data and make
changes to better reflect the dynamic economy. As a preview arti
cle in this issue explains, this year’s comprehensive revision will
feature some updated definitions, including a change in the treat
ment of disasters, in the accounts.
The article is one in a series about the upcoming comprehen
sive revision. An article in the March 2008 issue discussed the ef
fects of incorporating the 2002 benchmark input-output
accounts and proposed changes. An article in the May 2008 issue
described the new classification system for personal consumption
expenditures. And an article in the May 2009 issue will describe
the statistical changes to be incorporated in the revision.
Also in this issue, a BEA Briefing offers a high-level overview of
our plans to improve the BEA industry accounts, which include
plans for quarterly GDP by industry statistics and tighter integra
tion between the benchmark input-output accounts and the an
nual industry accounts. The result of these efforts will be more
timely statistics and more consistency across major BEA statisti
cal programs.
As always, we’re interested in your comments and thoughts.
iv
March 2009
Taking Account...
Comprehensive revision
information now available
In late July, the Bureau of Eco
nomic Analysis (BEA) will re
lease the results of the 2009
comprehensive, or benchmark,
revision of the national income
and product accounts (NIPAs).
The revision will incorporate the
results of the 2002 benchmark
input-output accounts as well as
changes in definitions, classifica
tions, statistical methods, source
data, and presentation. To help
users prepare, BEA has made a
variety of information available
on its Web site at www.bea.gov/
national/an 1.htm.
•A preview of the upcoming
tables for personal consump
tion expenditures (PCE). The
2009 benchmark revision will
feature a new classification
system for PCE that will
define new categories of
expenditures by function and
type of product. This will
require changes to the NIPA
tables.
•Various articles published in
the S u r v e y o f C u r r e n t B u s i
n ess.
This issue includes an
article about changes in defi
nition and presentation. An
article in May 2008 previewed
the upcoming revision’s new
PCE classifications.
• Background FAQs. The fre
quently asked questions are
part of BEA’s agency-wide
FAQ features. These FAQs are
included in the “National”
category under the subcate
gory “NIPA Comprehensive
Revision.”
More information will be
made available as the release
date approaches.
Improvements to Survey of
C urrent Business online
BEA has launched an improved
version of its S u r v e y o f C u r r e n t
B u s i n e s s Web site, the definitive
information source about BEA
statistics and programs. The on
line S u r v e y can be accessed at
www.bea.gov/scb/index.htm.
The redesigned site offers eas
ier access to the vast breadth of
interactive data that BEA also
makes available across all pro
gram areas— national, interna
tional, regional, and industry.
The site also offers improved
search features. For example, us
ers can now choose to search
only the S u r v e y or the entire
BEA Web site.
More improvements are be
ing planned, and as always, cus
tomer feedback is welcome.
Please address comments to
James Kim, Editor-in-Chief, at
customerservice@bea.gov.
A new look at prepackaged
software prices
Compared with information
technology products such as
computers and semiconductors,
software has attracted relatively
little economic research. A new
working paper from BEA econo
mist Adam Copeland aims to
help fill this gap by constructing
a new kind of price index for
prepackaged software, a growing
segment of software investment
in the United States.
In his paper “Seasonality and
Prepackaged Software Price In
dexes,” Copeland constructs a
seasonally adjusted price index
for prepackaged software using
detailed and comprehensive
scanner data from the NPD
Group.
Copeland’s approach to con
structing the software compo
nent of the cost-of-living price
index explicitly accounts for
consumer heterogeneity. In fact,
Copeland documents a large
sales surge over winter holidays
and finds that this seasonal ef
fect is driven by such consumer
heterogeneity.
Using his index and detailed
product-level data, he finds that
from 1997 to 2003, constantquality software prices fell at an
average annual rate of 16.8 per
cent.
To demonstrate the impor
tance of properly accounting for
consumer heterogeneity, the
new index was compared with a
Mudgett-Stone price index, a
representative-consumer
ap
proach to accounting for season
ality. The comparison showed
substantial differences in the es
timates of constant-quality an
nual price declines.
Constructing a price index
that properly accounts for the
seasonality in software pur
chases is important for accu
rately measuring real personal
consumption expenditures on
prepackaged software.
The paper is available on the
BEA Web site at www.bea.gov/
papers/working_papers.htm.
1
March 2009
GDP and the Economy
Preliminary Estimates for the Fourth Quarter of 2008
EAL GROSS domestic product (GDP) decreased
at an annual rate of 6.2 percent in the fourth quar
ter of 2008, according to the “preliminary” estimates of
the national income and product accounts (NIPAs)
(chart 1 and tablel).1 In the third quarter, real GDP de
clined 0.5 percent. The fourth-quarter decrease was the
largest since the first quarter of 1982. It was revised
down 2.4 percentage points from the “advance” esti
mate (see page 9). The revision, which was large by his
torical standards, reflected revisions to consumer
spending, exports, and inventory investment.
The steeper decline in GDP growth in the fourthquarter resulted mainly from a sharp downturn in ex
ports and a larger decrease in investment in equipment
and software (see page 2). In contrast, imports de
creased much more in the fourth quarter than in the
third quarter.2
• Prices of goods and services purchased by U.S. resi
dents fell 4.1 percent in the fourth quarter after ris
ing 4.5 percent in the third quarter (see page 8). In
the fourth quarter, energy prices turned down
sharply, and food prices decelerated. Excluding food
and energy, gross domestic purchases prices
increased 1.1 percent after increasing 2.8 percent.
• Real disposable personal income (DPI) increased
3.4 percent in the fourth quarter; in the third quar
ter, real DPI decreased 8.5 percent (revised). The
upturn reflected a sharp downturn in the PCE
implicit price deflator that is used to deflate current-dollar DPI, and a smaller decrease in currentdollar DPI, which decreased 1.8 percent after
decreasing 3.9 percent (revised).
• The personal saving rate was 3.2 percent in the
fourth quarter, 0.3 percentage point more than the
advance estimate; in the third quarter, it was 1.3
percent (revised).
R
1. “Real” estimates are in chained (2000) dollars, and price indexes are
chain-type measures. Each GDP estimate for a quarter (advance, prelimi
nary, and final) incorporates increasingly comprehensive and improved
source data. More information can be found at www.bea.gov/about/
infoqual.htm and www.bea.gov/faq/national/gdp_accuracy.htm. Quarterly
estimates are expressed at seasonally adjusted annual rates, which assumes
that a rate of activity for a quarter is maintained for a year.
2. In this article, “consumer spending” refers to the NIPA series “personal
consumption expenditures, (PCE)” “inventory investment” refers to
“change in private inventories,” and “government spending” refers to “gov
ernment consumption expenditures and gross investment.”
Christopher Swann prepared this article.
Chart 1. GDP, Prices, Disposable Personal Income (DPI)
Real GDP: Percent change from the preceding quarter
Seasonally adjusted annual rates
4
2
0
I
-2
-4
-6
2005
2006
2007
2008
Contributions to the percent change in real GDP in 2008:IV
Consumer spending
Noriresidential fixed investment
Residential fixed investment
Inventory investment
Exports
Imports
a
:
Government spending
-
3
-
2
1
0
1
2
Percentage points at an annual rate
Prices: Percent change from the preceding quarter
2005
2006
2007
2008
Real DPI: Percent change from the preceding quarter
_ l. illI [_I
11 l
I
i■
11
..i B . i
J ____ I____ L
-1 0
2005
U.S. Bureau of Economic Analysis
2006
2007
2008
j. M
GDP and the Economy
2
March 2009
Real G D P O verview
Table 1. Real Gross Domestic Product and Components
[Seasonally adjusted at annual rates]
Share of
currentdollar
GDP
(percent)
Change from
preceding period
(percent)
Contribution to percent
change in real GDP
(percentage points)
2008
2008
2008
IV
I
II
III
IV
Gross domestic product1....
100.0
0.9
Personal consumption
expenditures...............................
69.9
0.9
6.7
2.8
-0.5
1.2
-3.8
43.2
-4.3
-0.4
2.4
Gross private domestic
investment..................................
Fixed investment..........................
13.5
13.7
-5.8 -11.5
-5.6 -1.7
Nonresidential..........................
10.6
Structures.............................
Equipment and software.....
4.0
Residential...............................
Change in private inventories.....
Net exports of goods and
services....................................
II
-6.2
0.9
2.8
-4.3
0.61
III
IV
-0.5
-6.2
0.87 -2.75 -3.01
- 2.8 -14.8 - 22.1 -0.33 - 0.21 -1.16 -1.67
3.9 -7.1 -9.2 -0.08
0.80 -1.57 -1.95
0.7 - 0.1
1.4 1.02 0.28 -0.03
0.61
Durable goods..............................
Nondurable goods.......................
Services.......................................
20.0
I
2.4
0.4 -20.8 -0.89 -1.74
0.06 -3.11
-5.3 -21.3 - 0.86 -0.25 -0.79 -3.26
-1.7 - 21.1
2.5
8.6 18.5
6.6 - 0.6 -5.0
3.1 - 2 b. 1 - 13.3
0.26
0.27 -0.19 -2.48
9.7 -5.9
0.30 0.64 0.36 -0.24
-7.5 -28.8 -0.04 -0.37 -0.55 -2.24
-
16.0
-
22.2 - 1.12 - 0 .b2
- 0.2
-
-3.9
-
0.60 - 0./8
0.02 -1.50
0.84
0.77
1.05 -0.46
2.93
0.16
Exports..........................................
12.2
5.1
12.3
3.0
23.6
0.63
1.54
0.40
Goods.......................................
Services...................................
8.2
4.0
4,fa
6.4
16.3
3.8
3 ./ -33.6
1.4
3.5
0.39
0.24
1.39
0.15
0.34 -3.58
0.06 0.14
Imports..........................................
16.1
- 0.8
-7.3
-3.5 -16.0
0.14
1.39
0.65
Goods.......................................
Services...................................
Government consumption
expenditures and gross
investment..................................
13.2
2.9
- 2.0
5.5
-7.1
- 8.0
-4.7 -19.4
0.29
2.7 -0.15
3.3
20.5
1.9
3.9
5.8
1.6
0.38
0.78
1.14
0.32
Federal..........................................
7.8
5.8
6.6
13.8
6.7
0.41
0.47
0.97
0.50
National defense.....................
Nondefense..............................
5.3
2.5
7.3
2.9
7.3
5.0
18.0
5.1
3.1
15.1
0.34
0.06
0.36
0.85
0.11
0.16
0.34
State and lo cal.............................
12.7
-0.3
2.6
1.3
-1.4
0.03
0.31
0.12
0 .1 /
-
-
-
3.44
2.99
1.14 0.74 3.06
0.25 -0.09 -0.08
-
0.18
1. The estimates ot GDP under the contribution columns are also percent changes.
N o t e . Percent changes are from NIPA table 1.1.1, contributions are from NIPA table 1.1.2, and shares
are from NIPA table 1.1.10.
Table 2. Real Gross Domestic Product (GDP) by Type of Product
[Seasonally adjusted at annual rates]
Change from
preceding period
(percent)
Contribution to percent
change in real GDP
(percentage points)
2008
2008
2008
I
II
Gross domestic product1 ..............
100.0
0.9
Final sales of domestic product
100.2
- 0.2
0.9
29.4
0.9
2.7
61.3
9.4 - 10.1
III
IV
I
II
2.8
-0.5
-6.2
0.9
4.4
-
1.3
-6.4
0.89
4.9
1.7
3.3
- 0.02 -1.50 0.84 0.16
-4.2 -19.2 0.29 1.49 -1.29 -6.18
1.5
1.7 1.62 1.02 0.87 1.04
- 1.0 -11.4 -1.03 0.32 -0.09 - 1.11
2.8
III
IV
-0.5
-6.2
4.32 -1.35 -6.41
Addenda:
Motor vehicle output.........................
/.3 -63.5 -0.41 - 1.01
1.8 -14.2 -33.8
GDP excluding motor vehicle output
98.2
1.3
4.0
Final sales of computers...................
0.6
8.2
28.4
GDP excluding final sales of
computers......................................
99.4
0.8
2.7
0.16 -2.04
-0.7
-4.4
1.28
3.84 -0.67 -4.20
1. /
- 2.2
0 .0 b
0 . 1 / - 0.01
-0.5
-6.3
0.82
2.66 -0.50 -6.24
-
-
0.01
1. The estimates of GDP under the contribution columns are also percent changes.
Percent changes are from NIPA table 1.2.1, contributions are from NIPA table 1.2.2, and shares
are calculated from NIPA table 1.2.5.
N ote.
Nonresidential fixed investment decreased much more
than in the third quarter, the largest decrease since the
first quarter of 1975. The fourth-quarter decrease re
duced the percent change in real GDP by 2.48 percent
age points. It reflected a much larger decrease in
equipment and software and a downturn in struc
tures.
Residential investment decreased 22.2 percent after
decreasing 16.0 percent. It was the twelfth consecutive
quarter of decline.
Inventory investment decelerated. It added 0.16 per
centage point to the percent change in real GDP after
adding 0.84 percentage point.
Exports turned down sharply, the first decrease since
the third quarter of 2005 and the largest decrease since
the fourth quarter of 1971. The downturn reflected
widespread downturns in exports of goods. Exports of
services picked up slightly.
Imports decreased much more than in the third quar
ter, decreasing 16.0 percent after decreasing 3.5 per
cent. It was the fifth consecutive quarter of decline and
the largest decrease since the third quarter of 1980.
Federal government spending decelerated, reflecting a
slowdown in national defense spending. Federal non
defense spending accelerated.
State and local government spending turned down.
Share of
currentdollar
GDP
(percent)
IV
Change in private inventories....
G oods.............................................
Services.........................................
Structures.......................................
Consumer spending decreased more in the fourth
quarter than in the third quarter, the largest decrease
since the second quarter of 1980. The decrease re
duced the percent change in real GDP by 3.01 percent
age points and reflected decreases in consumer
spending for goods; spending for services turned up.
Real final sales of domestic product, real GDP less in
ventory investment, decreased 6.4 percent, the largest
decrease since the second quarter of 1980.
Motor vehicle output turned down sharply, decreasing
63.5 percent after increasing 7.3 percent. It subtracted
2.04 percentage points from the percent change in real
GDP, and it was the largest decrease since the fourth
quarter of 1970.
Final sales of computers decreased 2.2 percent after
decreasing 1.7 percent.
March 2009
Survey
of
3
C u r r e n t B usin ess
C o n su m er Spending
Table 3. Real Personal Consumption Expenditures (PCE)
[Seasonally adjusted at annual rates]
Share of
currentdollar
PCE
(percent)
Change from
preceding period
(percent)
2008
IV
Contribution to percent
change in real PCE
(percentage points)
2008
I
P C E 1...................................
100.0
0.9
Durable goods...........................
9.5
-4.3
2008
II
III
IV
I
II
III
IV
1.2
-3.8
-4.3
0.9
1.2
-3.8
-4.3
-2.8 -14.8 - 22.1 -0.47 -0.30 -1.60 -2.40
Motor vehicles and parts
Furniture and household
equipment...........................
Other 2 .....................................
4.0
2.3
-2.3
Nondurable goods...................
28.6
-0.4
Food........................................
Clothing and shoes................
Gasoline, fuel oil, and other
energy goods......................
O ther 3 .....................................
13.9
3.7
1.3
3.0
3.2
7.8
- 6.0
- 1.8
6.2
0.2
Services.....................................
61.9
2.4
0.7
-0.1
Housing...................................
Household operation..............
Electricity and g a s ..............
Other household operation
Transportation........................
Medical care...........................
Recreation...............................
O ther 4.....................................
15.4
5.6
2.3
3.3
3.8
18.2
4.2
14.6
O.b
1./
1.8
-4.3
0 ./
- 8.2
3.3 -10.7 -19.7 -26.6 -38.0 -0.49 -0.90 -1.15 -1.62
1.8
14.0
2.4
3.9
- 8.2 - 8.6
0.07
-4.6 -17.2 -0.05
-7.1
-9.2 - 0.11
4.1
- / . 3 -14.8
10.9 -13.3
-9.5
-6.4 -13.4
7.4 - 11.0 -20.7
- 2.1
1.0
2.1
1.7 -3.0
-2.3
4.9
2.8
2.5
-4.7
1.3 -1.5
4.1
-0.3
0.2
0.55 -0.35 -0.36
0.06 - 0.11 -0.42
1.13 -2.17 -2.79
0.18
0 .b6 -1.04 -2.19
0.11
0.39 -0.52 -0.36
10.6 -0.26 -0.28 -0.63 0.40
-7.9 -0.14
0.02 -0.63
0.46
1.4
1.44
0.40 -0.04
0.4 0 .0 /
0 .2 b
7.1
0.10 -0.24
14.2 0.16 -0.27
2.3 -0.07
0.03
-5.7
0.06 - 0.11
1.8 0.84 0.49
0.5 - 0.20 0.05
2.1 0.57 -0.05
0.87
0.11
0.06
-0.47
0.38
-0.53
0.31
0.07 0.07
-0.09 - 0.21
0.44 0.32
0.02
-0.06
0.03 0.30
1. The estimates under the contribution columns are also percent changes.
2. Includes jewelry and watches, ophthalmic products and orthopedic equipment, books and maps,
bicycles and motorcycles, guns and sporting equipment, photographic equipment, boats, and pleasure
aircraft.
3. Includes tobacco, toilet articles, drug preparations and sundries, stationery and writing supplies,
toys, film, flowers, cleaning preparations and paper products, semidurable house furnishings, and maga
zines and newspapers.
4. Includes personal care, personal business, education and research, religious and welfare activities,
and net foreign travel.
N o t e . Percent changes are from NIPA table 2.3.1, and contributions, from NIPA table 2.3.2; shares are
calculated from NIPA table 2.3.5.
Spending for durable goods decreased more in the
fourth quarter than in the third quarter; it reduced the
percent change in real consumer spending by 2.40 per
centage points. The fourth-quarter decrease was the
largest since the first quarter of 1987. The larger
fourth-quarter decrease primarily reflected larger de
creases in motor vehicles and parts and in “other” du
rable goods.
Spending for nondurable goods also decreased more
than in the third quarter. Spending for food decreased
much more than in the third quarter, and spending for
“other” nondurable goods turned down. In contrast,
spending for gasoline, fuel oil, and other energy goods
turned up.
Spending for services turned up, mainly reflecting an
upturn in spending for electricity and gas and an ac
celeration in spending for “other” services.
Chart 2. Real Personal Consumption Expenditures
Percent c h an ge from the preceding q u a rte r
5
Based on seasonally adjusted annual rates
2005
2006
2007
2008
C o ntrib utions to the percent chan ge in PC E in 2008: IV
Durable goods
Nondurable goods
Services
-3
-2
-1
o
Percentage points at an annual rate
U.S. Bureau of Economic Analysis
4
GDP and the Economy
March 2009
Private Fixed Investm ent
Table 4. Real Private Fixed Investment (PFI)
[Seasonally adjusted at annual rates]
Share of
currentdollar
PFI
(percent)
Change from
preceding period
(percent)
Contribution to percent
change in real PFI
(percentage points)
2008
2008
2008
IV
i
II
100.0
-5.6
-1.7
-5.3 -21.3
N onresidential..............................
77.5
2.4
2.5
-1 .7 - 21.1
S tru ctu re s.................................
29.5
8.6
18.5
Commercial and health care
Manufacturing.........................
Power and communication....
Mining exploration, shafts,
and wells.............................
Other structures 2..................
9.0
2.9
4.0
0.2
-3.6
13.0 136.1
23.2
0.5
- 8.8 -15.6 -0.32
16.5 21.8 0.22
6.8 - 10.8 0.70
8.0
5.6
1fa.b
12.8
31.6
17.3
4b.3
1.9
Equipm ent and s o ftw a re ........
48.0
- 0.6
-5.0
-7.5 -28.8 -0.27 -2.52 -3.78 -14.64
26.0
12
8.0
4.0
11.9
16.1
9.9
10.2
0.2
0.8
Private fixed investm ent1....
Information processing
equipment and software ....
Computers and peripheral
equipment......................
Software 3 ...........................
O ther 4 ................................
Industrial equipment..............
Transportation equipment.....
Other equipment 5 .................
9.0
4.1 -14.0
8.9 -12.5
III
9.7
IV
-5.9
II
III
-5.6
-1.7
-5.3
IV
- 2 1 .3 /
1.77
1.84 -1.27 -16.20
2.04
4.36
2.50
-1.56
0.02 -0.80
-1.39
0.54
-0.41
1.79
0.02
0.37
0.24
-6.36
Residential investment also decreased more than in
the third quarter, mainly reflecting a larger decrease in
single-family structures and a downturn in multifam
ily structures.
1./2
2.60
0.11
0.59
0.81
0.10
-0.41
2.01 - 1.12
-36.9 0.68 0 .b6
1.07 0.24
-16.5
0.02 1.20
-26.1
-15.7 0.07 -0.32
-70.2 -1.04 -3.95
-22.7 -1.07 -0.26
-1.13
-0.52
0.53
-0.81
-3.21
1.37
Residential....................................
22.6 -25.1 -13.3 -16.0 - 22.2 -7.40 -3.53 -4.05
-5.12
S tructures.................................
Permanent site ......................
Single fam ily......................
Multifamily...........................
Other structures 6 ..................
22.1 -25.4 -13.7 -16.0 -22.3 -7.38 -3.57 -3.97
10.0 -40.8 -23.2 -24.2 -36.4 -6.94 -3.19 -3.03
7.8 -46.2 -30.7 -30.4 -41.3 -6.92 -3.66 -3.20
7.8 -14.3 - 0.02 0.47 0.17
2.2 - 1.1 24.7
12.2 -3.6 -3.1 -7.6 -7.8 -0.44 -0.38 -0.94
-5.05
-4.17
-3.87
-0.30
- 0.88
8.0 -17.4 -16.6 - 0.02
-0.07
E q u ip m e n t................................
0.5
-4.9
0.03 -0.08
Investment in structures turned down, reflecting a
sharp deceleration in mining exploration, shafts, and
wells, a downturn in power and communication, a
larger decrease in commercial and health care, and a
downturn in “other” structures.
-1.71
-1.90
-2.75
-1.35
-4.93
- 2.00
0.84
1. / /
Nonresidential fixed investment decreased 21.1 per
cent after decreasing 1.7 percent.
Equipment and software decreased much more than
in the third quarter, decreasing 28.8 percent, the larg
est decrease since the first quarter of 1958. The fourthquarter decrease reflected widespread decreases.
1.4
-7.9
- 4 2 -23.9
13.0 -22.4
2.1 -4.4
13.0
5.3
-3.6 - 8.8
-46.6 -44.7
-3.2
18.0
I
Private fixed investment decreased much more in the
fourth quarter than in the third quarter. The largest
contributor to the larger fourth-quarter decrease was
nonresidential fixed investment.
Chart 3. Real Private Fixed Investment
P e rc e n t c h a n g e fro m th e p re c e d in g q u a rte r
10
Based on seasonally adjusted annual rates
1. The estimates of fixed investment under the contribution columns are also percent changes.
2 . Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and
recreational structures, net purchases of used structures, and brokers’ commissions on the sale of struc
tures.
3. Excludes software “embedded,” or bundled, in computers and other equipment.
4. Includes communication equipment, nonmedical instruments, medical equipment and instruments,
photocopy and related equipment, and office and accounting equipment.
5. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining
and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified.
6 . Consists primarily of manufactured homes, improvements, dormitories, net purchases of used struc
tures, and brokers’ commissions on the sale of residential structures.
N o t e . Percent changes are from NIPA table 5.3.1, contributions are from NIPA table 5.3.2, and shares
are calculated from NIPA table 5.3.5.
5
0
lll.l
__I
i
i
.1
i
i
i.
-5
-10
-1 5
-2 0
J ___ L
-2 5
2005
J ___ L
2006
J ____ L
2007
2008
C o n trib u tio n s to th e c h a n g e in re a l p riv a te fix e d in v e s tm e n t in 2 0 0 8 :IV
Private Investment in Structures
Private investment in structures includes spending on struc
tures by businesses, households and nonprofit institutions.
Most structures are buildings; structures are classified as
nonresidential or nonresidential.
For more information, see the BEA Briefing “How BEA
Accounts for Investment in Private Structures” in the Febru
ary 2009 S u r v e y .
N o nre siden tial structures
N o n re s id e n tia l e q u ip m e n t and s o ftw a re
R esidential investm ent
-1 5
-1 0
-5
0
Percentage points at an annual rate
U.S. Bureau of Economic Analysis
March 2009
Survey
of
5
C u r r e n t B usin ess
Inventory Investm ent
Inventory investment rose $9.7 billion in the fourth
quarter after rising $21.0 billion in the third quarter.
Table 5. Real Change in Private Inventories by Industry
[Billions of chained (2000) dollars; seasonally adjusted at annual rates]
Change from
preceding quarter
Level
2008
IV
2008
2008
I
II
III
IV
I
II
III
IV
- 2.1 -40.4
21.0
Farm.......................................................
10.5
6.0
2.4
2.2
3.6
-4.5
-3.6
- 0.2
1.4
Mining, utilities, and construction
-5.0
-9.4
- 8.0
- 8.0
-7.3
-4.4
1.4
0.0
0.7
10.8 -39.7
3.0 -14.4 -5.7 38.7 - 10.8 -17.4
9.7 -11.3 -18.0 -27.2 18.8 - 21.0
0.4
31.9
8.7
-6.7
44.4
-9.2
3.2
-7.5
Change in private inventories 1
- 8.1 - 10.2 -50.6 -29.6 -19.9
13.7 -26.0 -25.6
Manufacturing.......................................
2.9
Durable-goods industries.................
Nondurable-goods industries...........
13.8
-9.1
Wholesale trade....................................
-1.5
-5.1
Durable-goods industries.................
Nondurable-goods industries...........
3.5
-4.2
5.6
-8.4
Retail trade............................................
-
1.0
-3.3
-3.6
19.7 - 10.8
- 0.8 - 10.8
5.6
2.1
2.3
20.2 -18.5 -16.0
-26.6 -10.3 -13.0
Motor vehicle and parts dealers
0.6
Food and beverage stores................
0.8
0.3
0.1
General merchandise stores............ - 1.0 - 2.8
3.9 -6.5 -5.1
Other retail stores..............................
Other industries.....................................
2.1
0.3
Residual2...............................................
3.2
2.3
Addenda: Ratios of private
inventories to final sales of
dom estic business :3
Private inventories to final sales......
Nonfarm inventories to final sales....
Nonfarm inventories to final sales of
goods and structures....................
2.38
2.37
2.20
2.19
3.55
3.56
4.2
6.3
3.5 -27.1
-4.2
6.1
9 .7 /
-3.3 17.4 -30.5
7.6 - 10.0 16.4
1.7
2.5
19.5 -30.6
5.1 -9.8 16.3
0.9 - 0.2 -0.5
-0.7 -5.0 - 1.8
- 1.2 - 12.6 -10.4
-2.7
0.3
2.9
1.4
18.1 -14.9
0.3 - 1.1
- 0.8 -4.3
3.9 -11.4
- 1.0
5.4
- 1.8
-3.7
2.4
6.4
0.0 - 12.1
-0.3
-0.9
-2.3 - 12.1
11.8
2.32
2.34
2.39
2.14
2.15
2.20
3.45
3.48
3.64
-3.4
-
1. The levels are from NIPA table 5.6.6B.
2. The residual is the difference between the first line and the sum of the most detailed lines. It reflects
that chained-dollar estimates are usually not additive, because they are based on quantity indexes that
use weights of more than one period.
3. The ratios are from NIPA table 5.7.6B.
Inventory investment in manufacturing industries
rose $31.9 billion after rising $0.4 billion; the fourthquarter increase stemmed mainly from an accumula
tion of durable-goods inventories in the fourth quar
ter after a drawdown in the third quarter.
Wholesale trade inventory investment fell $7.5 billion
after rising $3.2 billion. The fourth-quarter drop re
flected mainly a drawdown of durable-goods invento
ries after an accumulation in the third quarter.
Retail trade inventory investment decreased $30.6 bil
lion after increasing $19.5 billion. The downturn re
flected a liquidation of inventories by motor vehicle
and parts dealers following a third-quarter buildup
and a larger liquidation of inventories by “other” retail
stores and by general merchandise stores.
The ratio of real private inventories to real final sales
of domestic business increased to 2.39, the highest in
more than a year.
Chart 4. Real Private Inventory Investment
C h a n g e fro m th e p re c e d in g q u a rte r
B illio n s o f c h a in e d (2 0 0 0 ) d o lla rs
60
Inventory Investment
The real change in private inventories, often called real pri
vate inventory investment, represents the change in the
physical stock of goods held by businesses. It includes fin
ished goods, goods at various stages of production, and raw
materials.
The change in private inventories is a key component of
gross domestic product (GDP), which aims to measure out
put derived from current production. To include the value
of currently produced goods that are not yet sold and to
exclude the value of goods produced in previous periods,
change in private inventories must be included in the GDP
calculation.
Thus, GDP can also be seen as the sum of final sales of
domestic product and the change in private inventories
(table 2).
For most industries, the estimates of change in private
inventories are prepared by revaluing book-value estimates
of inventories from the Census Bureau to a replacementcost basis and calculating the change over a quarter or year.
BEA does not always have complete data for every industry.
-2 0
-4 0
-6 0
2005
2006
2007
2008
C o m p o s itio n o f c h a n g e in in v e n to ry in v e s tm e n t in 2 0 0 8 :IV
1
M ining, utilities, and construction
i
M anufacturing
■
■
; W h o lesale trade
Retail trade
-4 0
-3 0
-2 0
U.S. Bureau of Economic Analysis
-1 0
10
20
30
40
GDP and the Economy
6
March 2009
Exports and Imports
Table 6. Real Exports and Imports of Goods and Services
[Seasonally adjusted at annual rates]
Share of
currentdollar
exports
and
imports
(percent)
Change from
preceding period
(percent)
Contribution to
percent change in
real exports and imports
(percentage points)
2008
2008
2008
IV
I
II
III
IV
Exports of goods and
services1....................
100.0
5.1
12.3
3.0 -23.6
Exports of goods2.................
66.9
4.5
16.3
3.7 -33.6
Foods, feeds, and beverages
Industrial supplies and
materials...............................
Capital goods, except
automotive...........................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive............................
Other........................................
5.3
14.3
18.1
11.2
29.0
25.5
-3.6
6.2 -11.5
I
5.1
II
III
IV
12.3
3.0
-23.6
3.13 11.11
2.55
-24.77
8.7 - 10.8 -27.7
0.77
0.52 -0.70
-1.62
8.7 -34.1
2.02
5.34
1.75
-7.23
11.2
4.4 -33.4 -0.95
2.85
1.09
-9.08
4.3
25.9 -56.6 -0.84
0.29
1.52
-4.79
0.92
1.29 1.04
0.82 -2.15
- 2.68
0.63
1.97
1.19
15.3 12.8 -29.1
28.8 -53.3 24.9
8.9
2.9
149
37.1
Exports of services2.............
33.1
6.4
3.8
Imports of goods and
services1....................
1.4
3.5
1.21
0.43
1.15/
100.0
-0 .8
-7.3
-3.5 -16.0 -0.80 -7.30 -3.50
-16.00
Imports of goods2.................
81.9
-2 .0
-7.1
-4.7 -19.4 -1.65 -5.97 -3.97
-16.48
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...........................
3.9
-5.2
4.7
20.0
Other........................................
4.0
Imports of services2.............
Addenda:
Exports of agricultural goods 3
Exports of nonagricultural
goods ...................................
Imports of nonpetroleum
goods ...................................
12.3 -1 7 3 -0.4
14.5 17.6 -38.1
18.6
8.6
18.1
1.1
0.16 -0.05
0.12
7.7 -24.4 -2.25 -0.03 0.92
- 6.6 40.7 2.74 -8.59 -1.29
-3.34
5.83
-1.4
3.3 -0.18
1.52 -0.97
-5.74
-5.59
8.9
8.2
- 0.1
-5.4 -29.0
4.3 -30.8 -1.30
23.2 -17.7 -27.4
5.5 -8.0
3.3
2.7
11.8
10.5
61.0
3.8
17.0
4.9 -35.2
67.3
-6.4
4.0
-4.1 -30.4
5.9
0.21
-7.9 -12.7 -25.7 -50.0 -0.85 -1.31 - 2.66
0.00
1.49
0.80
-6.65
0.78 -0.71
- 1.10
0.86 -1.29
0.51
0.46-
The downturn in exports of goods reflected large
downturns in capital goods, in industrial supplies and
materials, in automotive vehicles and parts, and in
nonautomotive consumer goods. In contrast, “other”
exports turned up.
The pickup in exports of services mainly reflected up
turns in “other” transportation services and in “other”
exports of services. In contrast, travel and passenger
fares both turned down, and other private services
slowed.
Real imports decreased much more than in the third
quarter, and it was the largest decrease since the third
quarter of 1980.
Imports of goods decreased 19.4 percent after decreas
ing 4.7 percent. The larger fourth-quarter decrease re
flected a downturn in nonautomotive consumer
goods and larger decreases in nonautomotive capital
goods and in industrial supplies and machinery. In
contrast, imports of petroleum and products turned
up sharply.
Imports of services slowed. The largest contributor to
the slowdown was a downturn in royalties and license
fees.
-7.0 -15.9
1. The estimates under the contribution columns are also percent changes.
2. Exports and imports of certain goods, primarily military equipment purchased and sold by the
Federal Government, are included in services.
3. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and
of nondurable nonautomotive consumer goods.
Note. Percent changes are from NIPA table 4.2.1, contributions are from NIPA table 4.2.2, and shares
are calculated from NIPA table 4.2.5.
Real exports of goods and services turned down
sharply, decreasing 23.6 percent after increasing 3.0
percent. The downturn reflected widespread down
turns in exports of goods. Exports of services picked
up somewhat.
Chart 5. Real Exports and Imports of Goods
and Services
Percent c han ge from the p receding q u a rte r
U.S. Bureau of Economic Analysis
March 2009
Su rvey
of
7
C u r r e n t B u sin ess
G overnm en t S pending
Table 7. Real Government Consumption Expenditures
and Gross Investment (CEGI)
[Seasonally adjusted at annual rates]
Share of
currentdollar
CEGI
(percent)
2008
IV
2008
I
Government consumption expen
ditures and gross investment1
100.0
1.9
Consumption expenditures
Gross investment.......................
82.4
17.6
3.2
-3.8
Federal.......................................
National defense.....................
38.0
26.0
Consumption expenditures
Gross investment.......................
22.5
3.4
Nondefense.............................
12.0
Consumption expenditures .
Gross investment.......................
10.3
1.7
State and local............................
Consumption expenditures............
Gross investment..........................
Contribution to percent
change in real CEGI
(percentage points)
Change from
preceding period
(percent)
5.8
7.3
7.4
6.0
2.9
2.9
II
2008
III
IV
I
III
IV
3.9 5.8 1.6/
1./6 4 . / / 1./8
2.18 1.02 - 0.21
3.4
38.7
17.3
22.7
1.58
0.18
0.75
1.06
5.0
5.1
1.1
15.1
5.6
1.5
10.7
48.0
0.33
0.29
0.04
0.57 0.59 1.66
4.0
5.8
b .8
5.9
3.4
2.8
11.8
62.0 -0.3
2.5
1.2
1.3
1.4
1.1
-1.4 -0.16
0.0 0.73
- 6.8
7.8
2.3
-6.7 -0.89
49.5
12.5
II
1.6 1.9
2.2 2.60
13.4
- 1.2 -0.67
6.6 13.8 6.7 2.09
7.3 18.0
3.1 1.76
3.9
2.1
Real government spending slowed, increasing 1.6 per
cent after increasing 5.8 percent. Federal government
spending decelerated, and state and local government
spending turned down.
2.38 4.92 2.46
1.81 4.33 0.80
0.40
0.17
3.63
0.70
0.56
0.02
0.76
0.04
1.04
0.62
1.56 0.87 -0.89
0.58 - 0.02
0.61
0.95
The slowdown in Federal government spending re
flected a deceleration in national defense spending.
The deceleration primarily reflected a deceleration in
consumption expenditures. In contrast, nondefense
spending accelerated, reflecting a pickup in consump
tion expenditures and an upturn in investment in
equipment and software.
The downturn in state and local government spending
mainly reflected downturns in consumption expendi
tures and in investment in structures.
0.29 -0.87
1. The estimates under the contribution columns are also percent changes.
Percent changes are from NIPA table 3.9.1, contributions from NIPA table 3.9.2, and shares are
calculated from NIPA table 3.9.5.
N o te.
Chart 6. Real Government Consumption
Expenditures and Gross Investment
Government Spending
“Government consumption expenditures and gross invest
ment,” or “government spending,” consists of two compo
nents: (1) consumption expenditures by federal government
and by state and local governments and (2) gross investment
by government and government-owned enterprises.
Government consumption expenditures consists of the
goods and services that are produced by general government
(less any sales to other sectors and investment goods pro
duced by government itself). Governments generally pro
vide services to the general public without charge. The value
of government production—that is, government’s gross out
put— is measured as spending for labor and for intermediate
goods and services and a charge for consumption of fixed
capital.1
Gross investment consists of new and used structures
(such as highways and dams) and of equipment and soft
ware purchased or produced by government and government-owned enterprises.
Government consumption expenditures and gross invest
ment excludes current transactions of government-owned
enterprises, current transfer payments, interest payments,
subsidies, and transactions in financial assets and nonpro
duced assets, such as land.
1. Consumption o f fixed capital represents a partial measure of the ser
vices provided by government-owned fixed capital.
P ercent chan ge from the preceding q u a rte r
6
B a s e d o n s e a s o n a lly a d ju s te d a n n u a l ra te s
I
-2
-4
2005
2006
J___ L _ J ___ L
2007
2008
C o ntrib utions to the in crea se in g ove rnm ent s p en ding in 2008:1V
National defense spending
N ondefense spen ding j
° t Hf
t id 1
ii gove rnm ent spending
-1
o
1
Percentage points at an annual rate
U.S. Bureau of Economic Analysis
GDP and the Economy
8
March 2009
Prices
Table 8. Prices for Gross Domestic Purchases
[Percent change at annual rates; based on seasonally adjusted index numbers (2000=100)]
Gross domestic purchases1.........
Change from
preceding period
(percent)
Contribution to percent
change in gross
domestic purchases prices
(percentage points)
2008
2008
3.5
Personal consumption expenditures.
3.6
Durable goods......................................
Nondurable goods................................
Services................................................
- 0.1
4.2
4.3
-
1.6
4.5
-4.1
5.0
-5.0
- 0.6 -3.5
10.3 -16.7
3.4
0.9
4.2
4.5
2.43
2.87
3.37
- 0.01
- 0.11
3.5
-0.04
1.29 2.02
1.69 1.39
6.7
2.8
6.5
4.2
-0.5
0.4
2.0
0.2
0.8
2.3
3.7 -0.07
1.2 -0.03
0.11
0.27
0.32
Nonresidential........................................
0.6
2.3
4.2
4.6
0.06
0.23
0.43
Structures...........................................
Equipment and software....................
2.7
-0.4
3.3
1.7
7.1
7.3 0.09
3.1 -0.03
0.12
0.12
0.26
0.17
2.6
-3.5
-3.3
0.12
- 0.11
Gross private domestic investment........
Fixed investment........................................
Residential.............................................
-
-
2.6
-9.6
1.30
1.13
-
0.10
-4.1
0.05
-
-0.03 -0.06 -0.05
Change in private inventories....................
Government consumption expenditures
and gross investment.........................
-5.9
1.15
1.32
0.85
Federal........................................................
National defense....................................
Nondefense.............................................
State and local...........................................
-3.4
-4.5
-0.9
-7.3
0.38
0.24
0.15
0.77
0.36
0.29
0.06
0.96
0.19
0.15
0.04
0.80
0.66
Addenda:
Gross domestic purchases:
Food.............................................................
4.7
6.1
Energy goods and services.......................
24.2
35.5
Excluding food and energy.........................
2.2
2.2
Personal consumption expenditures (PCE):
Food.............................................................
Energy goods and services.......................
4.9
19.0
6.5
27.4
5.4
0.44
0.57
25.1 -66.5
1.21
1.79
1.34
1.1
1.85
1.88
2.35
8.5
2.8
5.6
8.5
31.7 -65.1
Excluding food and energy.........................
2.3
2.2
2.4
0.8
“Market-based" PC E..................................
Excluding food and energy....................
3.7
2.1
4.3
5.6
2.5
-5.9
1.0
Gross domestic product.................................
2.6
3.9
0.5
1.8
1.1
1. The estimates under the contribution columns are also percent changes
N o t e . Most percent changes are from NIPA table 1.6.7; percent changes for PCE for food and energy
goods and services and for PCE excluding food and energy are calculated from index numbers in NIPA
table 2.3.4. Contributions are from NIPA table 1.6 .8 .
The price index for gross domestic purchases turned
down sharply, decreasing 4.1 percent in the fourth
quarter after increasing 4.5 percent in the third quar
ter. The main contributor to the downturn was a
sharp downturn in prices of energy goods and ser
vices.
Consumer prices turned down sharply, decreasing 5.0
percent after increasing 5.0 percent. The downturn
mainly reflected a sharp downturn in prices paid for
gasoline, fuel oil, and other energy goods. Prices paid
for electricity and gas services also turned down.
Prices paid for nonresidential fixed investment picked
up very slightly, primarily reflecting an acceleration in
prices paid for “other” equipment.
Prices of residential investment decreased 9.6 percent
after decreasing 3.3 percent, mainly reflecting prices of
single-family structures, which have decreased since
the first quarter of 2007.
Prices paid by government turned down, decreasing
5.9 percent after increasing 4.4 percent. The downturn
mainly reflected a downturn in prices paid for energy.
Consumer prices excluding food and energy, a mea
sure of the “core” rate of inflation, slowed, increasing
0.8 percent after increasing 2.4 percent.
The GDP price index increased 0.5 percent, while the
gross domestic purchases price index decreased 4.1
percent. The difference reflects a relatively larger
downturn in import prices than in export prices. Im
port prices decreased 37.1 percent after increasing 9.2
percent. Export prices decreased 21.9 percent after in
creasing 6.7 percent.
Note on Prices
BEA’s gross domestic purchases price index is the most com
prehensive index of prices paid by U.S. residents for all
goods and services, regardless of whether those goods and
services were produced domestically or imported. It is
derived from prices of consumer spending, private invest
ment, and government spending.
The GDP price index measures the prices of goods and
services produced in the United States, including the prices
of goods and services produced for export.
The difference between the gross domestic purchases
price index and the GDP price index reflects the differences
between the imports prices (included in the gross domestic
purchases index) and the exports prices (included in the
GDP price index). For other measures that are affected by
import and export prices, see the dollar depreciation FAQ
Answer ID 498 on BEA’s Web site.
Chart 7. Gross Domestic Purchases Prices
Percent c han ge from the preceding qua rter
6
..i...... i.......i.......I
2005
, i ......i ..... i .......i.... i...... i...... i .
2006
2007
2008
Percent change at annual rate from preceding quarter; based on seasonally adjusted
index numbers (2000=100).
N o te.
U.S. Bureau of Economic Analysis
March 2009
Su rvey
of
9
C u r r e n t B usin ess
Revisions
Table 9. Advance and Preliminary Estimates for the Fourth Quarter of 2008
[Seasonally adjusted at annual rates]
Change from
preceding quarter
(percent)
Ad
vance
Contribution to percent
change in real GDP
(percentage points)
Prelim
inary
Prelim
inary
minus
ad
vance
Ad
vance
Prelim
inary
Prelim
inary
minus
ad
vance
Gross domestic product (GDP)1.............
-3.8
-6.2
-2.4
Personal consumption expenditures.............
-3.5
-0.8
Durable goods.....................................................
-22.4
-4.3
- 22.1
0.3
-1.71
-1.67
0.04
Nondurable goods...............................................
-7.1
-9.2
- 2.1
-1.49
-1.95
-0.46
Services...............................................................
1.7
1.4
-0.3
0.74
0.61
-0.13
Gross private domestic investment...............
-12.3
- 20.1
-20.8
-8.5
- 1.2
- 2.0
-*.1
- 1.0
-1.80 -3.11
-1.31
-3.12
-2.26
-0.07
-2.19
-0.85
-3.26
-2.48
-0.24
-2.24
-0.78
-0.14
- 0.22
-0.17
-0.05
0.07
-1.16
-0.71
Fixed investment.................................................
Nonresidential.................................................
Structures....................................................
Equipment and software.............................
Residential.......................................................
-19.1
- 1.8
-27.8
-23.6
-21.3
- 21.1
-5.9
-28.8
- 22.2
1.4
-6.2
-2.4
-2.47 -3.01
-0.54
-3.8
Exports.................................................................
-19.7
-23.6
-3.9
1.32 0.16
0.09 -0.46
-2.84 -3.44
Goods...............................................................
Services...........................................................
Imports.................................................................
-27.7
-15.7
-33.6
3.5
-16.0
-5.9
2.9
-0.3
-2.87
0.03
2.93
-3.58
0.14
2.99
Goods..............................................................
Services...........................................................
-18.8
0.9
-19.4
2.7
- 0.6
2.95
-0.03
3.06
-0.08
-0.05
Change in private inventories.............................
Net exports of goods and services................
Government consumption expenditures and
gross investment.......................................
Federal.................................................................
National defense.............................................
Nondefense.....................................................
State and lo cal....................................................
0.6
1.8
-0.55
-0.60
0.11
0.06
0.11
1.9
1.6
-0.3
0.38
0.32
-0.06
5.8
6.7
0.9
0.44
2.1
1.0
0.6
0.11
0.06
0.05
14.5
-0.5
3.1
15.1
-1.4
0.33
-0.06
0.50
0.16
0.34
-0.18
0.01
- 0.12
-5.1
-4.6
- 0.1
-6.4
-4.1
0.5
-5.12
-6.41
-1.29
-0.9
Addenda:
Final sales of domestic product.........................
Gross domestic purchases price index.............
GDP price index..................................................
-1.3
0.5
/
Real GDP decreased 6.2 percent in the fourth-quarter
preliminary estimate, 2.4 percentage points more of a
decrease than the advance estimate. The average revi
sion (without regard to sign) between the advance estimate and the preliminary estimate is 0.5 percentage
point. The largest downward revisions were to con
sumer spending for nondurable goods, inventory in
vestment, and exports.
\
The downward revision to consumer spending re\
fleeted newly available Energy Information Adminis\ tration data, revised Census Bureau data on retail
'I sales, and revised Bureau of Labor Statistics seasonally
adjusted consumer price indexes used for deflation.
Gasoline, fuel oil, and other energy goods were revised
down.
The downward revision to inventory investment re
flected Census Bureau inventory data. Manufacturing
inventories and wholesale trade inventories were re
vised down, while construction, mining, and utilities
inventories were revised up.
Exports were revised down, reflecting newly available
Census Bureau goods data. The largest contributor
was a revision to nonautomotive capital goods.
0.6
1. The estimates for GDP under the contribution columns are also percent changes.
Source Data for the Preliminary Estimates
Personal Income for the Third Quarter
Personal consumption expenditures: Retail sales for Novem
ber and December (revised). Motor vehicle registrations for
December (new). Retail electricity sales for November
(revised) and December (new) and natural gas sales for
November (new). Consumer price index, seasonal factors,
October, November, and December (revised).
Nonresidential fixed investment: Construction spending
(value put in place) for October and November (revised)
and December (new). Manufacturers’ shipments of machin
ery and equipment for November and December (revised).
Residential investment: Construction spending (value put
in place) for October and November (revised) and Decem
ber (new).
Change in private inventories: Manufacturers’ inventories
for November and December (revised) and trade inventories
for November (revised) and December (new).
Exports and imports o f goods and services: International
transactions for October and November (revised) and
December (new).
Government consumption expenditures and gross invest
ment: State and local construction spending (value put in
place) for October and November (revised) and December
(new).
With the release of the preliminary estimates of GDP, BEA
also releases revised estimates of various income-related
measures for the previous quarter. This revision reflects the
incorporation of newly available third-quarter tabulations
from the Quarterly Census of Employment and Wages from
the Bureau of Labor Statistics.
Wage and salary disbursements increased $50.5 billion in
the third quarter, an upward revision of $11.7 billion. Per
sonal current taxes increased $124.6 billion, an upward revi
sion of $2.1 billion.
Contributions for government social insurance, which are
subtracted in calculating personal income, increased $4.6
billion, an upward revision of $1.6 billion.
As a result of these revisions:
• Personal income increased $18.2 billion, an upward revi
sion of $11.0 billion.
• Disposable personal income decreased $106.3 billion, $9.0
billion less of a decrease.
• Personal saving decreased $128.1 billion, $9.0 billion less
of a decrease.
• The personal saving rate was 1.3 percent, an upward revi
sion of 0.1 percentage point.
10
March 2009
Preview of the 2009 Comprehensive Revision
of the NIPAs
Changes in Definitions and Presentations
By Eugene P. Seskin and Shelly Smith
N JULY, the Bureau of Economic Analysis (BEA)
will release the initial results of the 13th comprehen
sive, or benchmark, revision of the national income
and product accounts (NIPAs). The last comprehen
sive revision was released in December 2003.
Traditionally, comprehensive NIPA revisions have
differed from annual NIPA revisions because of the
scope of the changes and because of the number of
years subject to revision. Comprehensive revisions
have incorporated three major types of improvements:
(1) changes in definitions and classifications that up
date the accounts to more accurately portray the evolv
ing U.S. economy, (2) statistical changes that update
the accounts to reflect the introduction of new and im
proved methodologies and the incorporation of newly
available and revised source data, and (3) changes in
presentations that update the NIPA tables to reflect the
changes in definitions and the statistical changes and
to make the tables more informative.1 Comprehensive
revisions have usually been conducted at 5-year inter
vals that correspond with the integration of updated
statistics from BEA’s quinquennial benchmark inputoutput accounts.
As part of its goal to accurately portray the changing
U.S economy, BEA in 2010 will introduce “flexible” an
nual revisions that will retain the features of the cur
rent annual revisions but that will also allow for the
kind of improvements that previously were reserved
for comprehensive revisions.2 For example, when nec
essary, the current 3-year period of revision will be ex
panded to earlier periods. In some cases, changes in
definitions and presentations, as well as new and im
proved estimating methodologies, may also be incor
porated as part of the flexible annual revisions. To keep
BEA’s customers up-to-date, BEA will continue to an
nounce these planned improvements and the periods
subject to revision in advance of their implementation
to ensure that users have adequate time to determine
I
1. The changes in definitions and classifications that are discussed are
changes that affect the conceptual content of the components of the NIPAs.
2. See “Improving BEA’s Accounts Through Flexible Annual Revisions,”
S u r v e y o f C u r r e n t B u s i n e s s 88 (June 2008): 29-32.
how best to incorporate them.
This article is the third in a series of S u r v e y o f C u r
r e n t B u s i n e s s articles that have discussed aspects of the
upcoming comprehensive revision. An article in
March 2008 covered not only the effects of incorporat
ing the 2002 benchmark input-output accounts, but
also identified some of the proposals that were being
considered for the comprehensive revision.3 An article
in May 2008 described a new classification system for
personal consumption expenditures (PCE).4 An article
in May 2009 will describe the statistical changes. An ar
ticle in September 2009 will present the results of the
revision, including estimates that reflect the effects of
the changes in definitions, the statistical changes, and
the changes in presentations.
Comprehensive revisions and the future “flexible”
annual revisions provide the opportunity to introduce
major changes that are outlined in BEA’s strategic plan
for maintaining and improving its economic ac
counts.5 In discussing the national accounts, BEA’s
strategic plan outlines several major objectives, includ
ing addressing data gaps and other shortcomings, im
proving consistency and integration with other
accounts, and improving consistency with interna
tional guidelines. The changes in definitions and pre
sentations described in this article and the planned
statistical improvements constitute important steps to
ward meeting each of these objectives.
The major changes in definitions and classifications
in this comprehensive revision are as follows:
• Change the treatment of disasters to better reflect
the distinctions between current transactions,
capital transactions, and events that directly affect
3. Kurt Kunze and Stephanie H. McCulla, “Preview of Revised NIPA Esti
mates for 2002: Effects of Incorporating the 2002 Benchmark 1-0
Accounts, Proposed Definition and Statistical Changes,” S u r v e y 88 (March
2008): 10-17.
4. Clinton P. McCully and Teresita D. Teensma, “Preview of the 2009
Comprehensive Revision of the National Income and Product Accounts:
New Classifications for Personal Consumption Expenditures,” S u r v e y 88
(May 2008): 6-17.
5. The Bureau of Economic Analysis Strategic Plan 2008-2012 is available
on BEA’s Web site, www.bea.gov.
March 2009
Su r v ey
of
balance sheets and to bring the NIPAs in line with
the recently updated System o f National Accounts
2008 (SNA 2008).6
• Reclassify transactions between the federal govern
ment and the U.S. territories and commonwealths
in order to improve consistency with the treatment
of similar private-sector transactions.
• Change the treatment of insurance services pro
vided by government enterprises in order to
improve consistency with the treatment of the ser
vices provided by private property and casualty
insurance companies.
These major changes in definitions are associated
with changes in presentations. In addition, several
other important changes in presentations will be im
plemented:
•A new classification system for personal consump
tion expenditures
•A new presentation of the estimates of private fixed
investment in structures for 1929-96 consistent
with the estimates beginning with 1997
•A change in the reference year— from 2000 to
2005— for the chain-type quantity and price
indexes and for the chained-dollar estimates
•A change in the terminology used to describe the
vintages of the current quarterly GDP estimates
In the following sections of the article, each change
in definition is described, the reason for the change is
given, the current treatment and the new treatment are
outlined, and when noteworthy, the detailed effects on
the seven summary accounts are provided. In addition,
in the section “Changes in Presentations,” descriptions
of the major changes resulting from the changes in
treatment are provided.
For each change in definition, table 1 lists the aggre
gates and components of the NIPA seven-account
6.
A preedited version of volume 1 of SNA 2008 is available at
unstats.un.org/unsd/snal993/draftingPhase/Volumel.asp, and a draft ver
sion of volume 2 is available at unstats.un.org/unsd/snal993/draftingPhase/
reviewVolume2.asp.
Availability of Redesigned Tables
Drafts of the table formats for the new classification
system for consumer spending are available on BEA’s
Web site, www.bea.gov; click on “National,” then
under “Information about the upcoming comprehen
sive revision of the NIPAs,” click on “Draft of updated
table formats for personal consumption expenditures
(PCE).” Other redesigned NIPA table formats will be
available on BEA’s Web site in lune.
11
C u r r e n t B u sin ess
Table 1. Changes in Definitions and Classifications
Change and initial year of revision
Principal components affected
New treatment of disasters, 1971
National income, net operating surplus,
consumption of fixed capital, current
transfer receipts and payments,
proprietors’ income, rental income of
persons, corporate profits, personal
income, capital account transactions,
capital transfer receipts and payments,
personal saving, net governm ent saving,
net saving, and the balance on the current
account, NIPAs.
Reclassify transactions between the
federal government and the U.S. territories
and commonwealths, 1951
Contributions for government social
insurance, government social benefits
paid to the rest of the world, other current
transfer payments to the rest of the world,
net federal governm ent saving, gross
saving, net lending or borrowing, NIPAs,
and the balance on the current account,
NIPAs.
New treatment of insurance services
provided by government enterprises, 1976
GDI, subsidies, net operating surplus,
business current transfer payments to
government, rental income of persons,
current surplus of government
enterprises, personal income, personal
saving, net government saving, net and
gross saving, and the statistical
discrepancy.
GDI Gross domestic income
NIPAs National income and product accounts
summary that will be affected and the initial year of the
revision.
Changes in Definitions
Treatment of disasters
The treatment of disasters will be changed to better re
flect the distinctions between current transactions,
capital transactions, and events that directly affect bal
ance sheets, and to bring the NIPAs in line with recom
mendations of the SNA 2008.
Disasters— such as Hurricane Katrina, the terrorist
attacks of September 11, 2001, and other major catas
trophes— affect economic activity because (1) produc
tion is interrupted, (2) structures, equipment, and
other assets are damaged or destroyed, (3) transac
tions, such as payments of insurance benefits or gov
ernment disaster relief, take place as a result of the
damages incurred, and (4) the structures, equipment,
and other assets that are damaged or destroyed must
be replaced, often using funds from insurance benefits
or disaster relief. The economic effects of interrupted
production and the replacement of structures and
equipment should be included in gross domestic prod
uct (GDP), and they are generally reflected in the
source data used to estimate GDP and the national ac
counts. However, neither GDP nor the associated in
come measures should be adjusted to take account of
damage to, or destruction of, assets. As part of the 2003
12
Preview of the 2009 Comprehensive NIPA Revision
comprehensive revision, BEA changed its measure of
property and casualty insurance output to ensure that
such disasters would not affect GDP.7 But under the
current treatment, the value of disaster-related losses
to fixed assets and the value of disaster-related insur
ance payments and uninsured losses are still reflected
in the income measures; however, these values are off
setting and do not result in a statistical discrepancy
with GDP.
An integrated set of macroeconomic, or national,
accounts incorporates the following: (1) current ac
counts to show flows of current production, income,
consumption, and saving; (2) capital accounts to show
investment in assets— such as structures, equipment,
software, and inventories— and the financing require
ments from internal (saving) and external (net lending
or borrowing) sources; (3) financial accounts to show
financial-asset transactions and how they are reflected
in net lending or borrowing; and (4) “other changes in
volume of assets” that are not transactions but that di
rectly affect the balance sheet, for example, revalua
tions (capital gains or losses) and disaster losses.8 By
classifying disaster losses in “other changes in volume
of assets” and by classifying disaster-related insurance
benefits in the capital accounts, BEA will more consis
tently follow the accounting structure of an integrated
set of national accounts.
Current treatment. The value of the irreparable
damage to, or destruction of, fixed assets from disas
ters is recorded in the national accounts as consump
tion of fixed capital (CFC)— depreciation— during the
period in which the disaster occurred.9 The insurance
payouts to cover the losses of fixed assets, business in
terruptions, or consumer durable goods are recorded
as current transfer payments or current transfer re
ceipts. To the extent that these losses are insured, the
entries for CFC and for transfer receipts offset each
other.10 However, for losses that are not insured, the in
7. For more information on this change, see Brent R. Moulton and
Eugene P. Seskin, “Preview of the 2003 Comprehensive Revision of the
National Income and Product Accounts: Changes in Definitions and Classi
fications,” S u r v e y 83 (June 2003): 19-23 and Baoline Chen and Dennis J.
Fixler, “Measuring the Services of Property-Casualty Insurance in the
NIPAs,” S u r v e y 83 (October 2003): 10-26.
8. See Charlotte Anne Bond, Teran Martin, Susan Hume McIntosh, and
Charles Ian Mead, “Integrated Macroeconomic Accounts for the United
States,” S u r v e y 87 (February 2007): 14-31.
9. In general, adjustments for disasters have been made if the cost of the
damage equals at least 0.25 of 1 percent of total private CFC (about $3.8 bil
lion in 2008). Beginning with estimates for 2002, under the new treatment,
the threshold for determining whether any single event is treated as a disas
ter will be if either the associated property losses or the insurance payouts
exceed 0.1 percent of GDP (about $14.3 billion in 2008). The effects of
losses from events smaller than these thresholds are assumed to be already
reflected in the estimates o f CFC and net current insurance settlements.
10. Because consumer durable goods are not capitalized in the GDP
accounts, no CFC adjustment is made for the loss of these goods. Insurance
payouts for losses of these goods are recorded as personal current transfer
receipts from business.
March 2009
come measures in the accounts— specifically, corpo
rate profits, proprietors’ income, rental income of
persons, and the current surplus of government enter
prises— are reduced, and they are not offset by insur
ance payouts. This, in turn, can lead to large swings in
these income measures when disasters occur.
New treatment. Under the new treatment of disas
ters, the value of the damage to, or destruction of, fixed
assets will no longer be recorded as CFC. Instead, be
ginning with estimates for 1971, the value will be re
corded as “other changes in volume of assets.” This
new treatment is consistent with the current presenta
tion in NIPA “Table 5.9. Changes in Net Stock of Pro
duced Assets (Fixed Assets and Inventories),” which
integrates the NIPA estimates of the flows of invest
ment and of CFC with BEA’s estimates of the net stocks
of produced assets.11 No current-period measure of
production or income will be affected.12 Similarly, be
ginning with estimates for 1989, the value of all disaster-related insurance payouts will be recorded as
capital transfer payments (and receipts) in NIPA sum
mary “Account 6. Domestic Capital Account” rather
than as current transfer payments (and receipts). Be
cause insurance payouts and receipts among domestic
sectors offset each other at the national level, only pay
ments to and from the rest of the world will be re
flected in this summary account.13
Effects on the accounts. As noted, the loss of capital
and the insurance payouts associated with disasters do
not affect current production. Disaster losses will no
longer be recorded as depreciation (a current business
expense), and the insurance payouts will no longer be
recorded as a charge against insurance companies’ cur
rent profits or as current income for the claim holder.
The effects of the change in the treatment of disasters
are illustrated in table 2. Removing these losses and
payouts from the current accounts preserves the ac
counts’ focus on major macroeconomic flows of ongo
ing business activity. At the same time, information on
11. NIPA table 5.9 was introduced in 2000 to provide information on the
role of investment and depreciation in determining changes in the value of
the nation’s net stocks. Removing disaster losses from CFC and separately
identifying them as “other changes in volume of assets” is required for ana
lyzing the accumulation of wealth in a manner consistent with the recom
mendations of the SNA 2008.
12. Consistent with this change, the treatment of war losses for which
CFC is currently reflected only in the fixed-asset accounts will also be
changed, and the value of these losses will also be recorded as “other
changes in volume of assets,” beginning with estimates for 1940. War losses
and disaster losses were never included in general government CFC because
general government output is measured on a cost-of-production basis
(including CFC), and the inclusion of these losses would have increased
government output. Thus, the new treatment will bring private CFC and
government enterprise CFC in line with general government CFC.
13. However, separate estimates of capital transfers by sector will be
shown in “NIPA Table 5.10. Capital Transfers (Net).” In addition, NIPA
tables 3.1-3.3 present estimates of government capital transfers, and NIPA
table 1.12 will be modified to show corporate capital transfers.
March 2009
Sur v ey
of
13
C u r r e n t B u sin ess
disasters will be provided in the capital account and in
“other changes in volume of assets” in NIPA table 5.9
for long-run analysis.
More specifically, in the domestic income and prod
uct account (account 1), net operating surplus (line 4)
will increase by the amount previously recorded in
CFC (line 7), which will now decrease by an offsetting
amount.
In the private enterprise income account (account
2), proprietors’ income, rental income of persons, and
corporate profits (lines 21-23) will increase by the
amount of uninsured losses— the difference between
CFC and the amount of insurance payouts. In addi
tion, corporate profits of insurance companies will also
increase by the amount of insurance payouts that are
no longer recorded as an expense. “Business current
transfer payments (net)” (line 17) will increase by the
amount of net insurance payouts to persons, to busi
ness, and to the rest of the world, which are now reclas
sified as capital transfers.
In the personal income and outlay account (account
3), the combined effects on CFC and from disaster-re
lated insurance payouts on proprietors’ income (line
33) and on rental income of persons (line 34) dis
cussed for account 2 and the removal of insurance pay
outs from “personal current transfer receipts from
business (net)” (line 38) will affect personal income
(line 40) and personal saving (line 30).
In the government receipts and expenditures ac
count (account 4), net government saving (line 46)
will reflect the revised treatment of disasters. “Current
transfer receipts from business (net)” (line 54) will no
Table 2. Illustrative Effects of the New Treatment of Disasters, 2005:1111— Continues
[B illions of dollars, se a so n a lly adjusted at annual rates]
Account 1. Domestic Income and Product Account
Total
Line
CFC
3 Less: S u bsidies...........................................................
0.0
0.0
0.0
0.0
0.0
0.0
4 Net operating s u rp lu s .................................................
383.8
383.8
5
Private enterprises..................................................
369.2
369.2
6
1 Compensation of employees, p a id ..........................
2 Taxes on production and im ports..............................
Insurance
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Current surplus of government ente rp ris e s .......
14.6
14.6
7 Consumption of fixed c a p ita l....................................
-3 8 3 .8
-383.8
8 Gross domestic income.................................
0.0
0.0
0.0
9 Statistical discrepancy................................................
0.0
0.0
0.0
10 GROSS DOMESTIC PRODUCT.......................
0.0
0.0
0.0
Total
Line
CFC
Insurance
14 Government consumption expenditures.................
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
GROSS DOMESTIC PRODUCT.......................
0.0
0.0
0.0
11 Personal consumption expenditures........................
12 Gross private dom estic investment..........................
13 Net exports of goods and services..........................
15
Account 2. Private Enterprise Income Account
Line
Total
CFC
16 Income payments on assets.....................................
0.0
17 Business current transfer payments (net)...............
85.2
Insurance
CFC
Insurance
0.0
25 Net operating s u rp lu s .................................................
369.2
85.2
26 Income receipts on assets.........................................
0.0
0.0
0.0
0.0
369.2
369.2
0.0
18
To persons (n e t)......................................................
^ 0.1
19
To governm ent (n e t)................................................
63.8
20 To the rest of the world (n e t).................................
21 Proprietors’ income with IVA and C C A d j................
22 Rental income of persons with C C A dj.....................
61.5
0.0
0.0
0.0
0.0
0.0
24.3
51.0
-2 6 .7
115.0
229.4
-1 1 4 .4
23 Corporate profits with IVA and C C A d j.....................
144.7
88.8
55.9
USES OF PRIVATE ENTERPRISE INCOME
369.2
369.2
0.0
24
Total
Line
-40.1
369.2
63.8
61.5
27
SOURCES OF PRIVATE ENTERPRISE INCOME
Account 3. Personal Income and Outlay Account
Total
Line
CFC
Insurance
Total
Line
CFC
Insurance
0.0
0.0
0.0
0.0
0.0
0.0
32 Compensation of employees, received...................
0.0
0.0
0.0
29 Personal o u tla ys ..........................................................
33 Proprietors’ income with IVA and C C A d j................
24.3
51.0
-2 6 .7
30 Personal s a vin g...........................................................
99.2
280.4
-18 1 .2
34 Rental income of persons with C C Adj.....................
115.0
229.4
-11 4 .4
35 Personal income receipts on assets........................
0.0
36 Personal current transfer receipts............................
-40.1
28 Personal current ta xe s................................................
31
PERSONAL TAXES, OUTLAYS, AND SAVING ..
See the footnote at the end of the table.
99.2
280.4
-181.2
37
Government social b e n e fits..................................
0.0
38
From business (n e t)................................................
-40.1
0.0
0.0
0.0
0.0
39 Less: Contributions for government social
in sura nce..................................................................
0.0
0.0
0.0
PERSONAL INCOME......................................
99.2
280.4
-181.2
40
0.0
-40.1
0.0
-40.1
14
Preview of the 2009 Comprehensive NIPA Revision
longer include the insurance payouts for losses to state
and local government property, nor will it include
transfer payments (negative transfer receipts) by gov-
March 2009
ernment enterprises to private insurance companies,
which are then passed through to claimholders. Under
the new treatment, these transactions are reclassified as
Table 2. Illustrative Effects of the New Treatment of Disasters, 2005:lll1—Table Ends
[Billions of dollars, seasonally adjusted at annual rates]
Account 4. Government Receipts and Expenditures Account
Line
41
42
43
44
45
46
47
48
Total
Consumption expenditures.......................................
Current transfer payments........................................
Interest payments....................................................
Subsidies.................................................................
Less: Wage accruals less disbursements..................
Net government saving.............................................
Federal.................................................................
State and local.....................................................
CFC Insurance
Line
Total
CFC
Insurance
0.0
0.0
0.0
0.0
0.0
78.4
68.8
9.6
0.0
0.0
0.0
0.0
0.0
14.6
0.4
14.2
0.0
0.0
0.0
0.0
0.0
63.8
68.4
-4.6
50
51
52
53
54
55
56
Current tax receipts.................................................
Contributions for government social insurance.........
Income receipts on assets.......................................
Current transfer receipts..........................................
From business (net).............................................
From persons......................................................
Current surplus of government enterprises..............
0.0
0.0
0.0
63.8
63.8
0.0
14.6
0.0
0.0
0.0
0.0
0.0
0.0
14.6
0.0
0.0
0.0
63.8
63.8
0.0
0.0
78.4
14.6
63.8
57 GOVERNMENT CURRENT RECEIPTS.................
78.4
14.6
63.8
49 GOVERNMENT CURRENT EXPENDITURES AND
NET SAVING....................................................
Account 5. Foreign Transactions Current Account
Line
Total
58 Exports of goods and services.................................
59 Income receipts from the rest of the world................
0.0
0.0
CFC Insurance
0.0
0.0
0.0
0.0
60 CURRENT RECEIPTS FROM THE REST OF THE
WORLD............................................................
Line
Total
61 Imports of goods and services................................
62 Income payments to the rest of the world................
63 Current taxes and transfer payments to the rest of the
world (net)...........................................................
64 From persons (net)..............................................
65 From government (net)........................................
66 From business (net).............................................
67 Balance on current account, national income and
product accounts................................................
CFC
Insurance
0.0
0.0
0.0
0.0
0.0
0.0
61.5
0.0
0.0
61.5
0.0
0.0
0.0
0.0
61.5
0.0
0.0
61.5
-61.5
0.0
-61.5
0.0
0.0
0.0
68 CURRENT PAYMENTS TO THE REST OF THE
0.0
0.0
WORLD AND BALANCE ON CURRENT
ACCOUNT.......................................................
0.0
Account 6. Domestic Capital Account
Total
Line
69 Gross domestic investment......................................
70 Capital account transactions (net)............................
71 Transfer payments for catastrophic losses.............
72 Other capital account transactions.........................
73 Net lending or net borrowing (-), national income and
product accounts..................................................
CFC Insurance
0.0
-61.5
-61.5
0.0
0.0
0.0
0.0
0.0
0.0
-61.5
-61.5
0.0
0.0
0.0
0.0
ACCOUNT TRANSACTIONS, AND NET LENDING -61.5
0.0
-61.5
74 GROSS DOMESTIC INVESTMENT, CAPITAL
Line
Total
CFC
322.3
99.2
144.7
0.0
383.8
280.4
88.8
0.0
-61.5
-181.2
55.9
0.0
79 Net government saving........................................
78.4
14.6
80 Plus: Consumption of fixed capital........................... -383.8 -383.8
Private................................................................. -369.2 -369.2
81
82 Government........................................................ -14.6 -14.6
83
General government.........................................
0.0
0.0
84
Government enterprises................................... -14.6 -14.6
85 Equals: Gross saving.............................................. -61.5
0.0
86 Statistical discrepancy.............................................
0.0
0.0
63.8
0.0
0.0
0.0
0.0
0.0
-61.5
0.0
75 Net saving
76 Personal saving..................................................
77 Undistributed corporate profits with IVA and CCAdj
78 Wage accruals less disbursements (private)........
Insurance
87 GROSS SAVING AND STATISTICAL
DISCREPANCY................................................
-61.5
0.0
-61.5
Account 7. Foreign Transactions Capital Account
Line
Total
CFC Insurance
Line
Total
89 Capital account transactions (net)............................
90 Transfer payments for catastrophic losses............
91 Other capital account transactions.......................
92 Net lending or net borrowing (-), national income and
product accounts................................................
CFC
Insurance
-61.5
-61.5
0.0
0.0
0.0
0.0
-61.5
-61.5
0.0
0.0
0.0
0.0
-61.5
0.0
-61.5
93 CAPITAL ACCOUNT TRANSACTIONS (NET) AND
88 BALANCE ON CURRENT ACCOUNT, NIPAs
-61.5
0.0
-61.5
1. Estimates presented in this table reflect previously published damage and insurance settlements
estimates from the BEA FAQ, “What are the effects of disasters on income measures?”
CCAdj Capital consumption adjustment
NET LENDING, NIPAs......................................
CFC Consumption of fixed capital
IVA Inventory valuation adjustment
NIPAs National income and product accounts
March 2009
Su r v e y
of
C u r r e n t B u sin ess
capital transfers. At the same time, the current surplus
of government enterprises (line 56) will increase by the
disaster-related amount previously recorded in CFC.
In the foreign transactions current account (ac
count 5), “current taxes and transfer payments to
the rest of the world (net)” (line 63) will increase
because the disaster-related insurance payouts (pri
marily reinsurance) from the rest of the world— a
subtraction— will be excluded. As a result, the “balance
on current account, NIPAs” (line 67) will be offset by
the same amount.
In the domestic capital account (account 6), “capital
account transactions (net)” (line 70) will now include
disaster-related insurance payouts (both primary and
reinsurance) to the rest of the world less what is re
ceived from the rest of the world. To aid users, two new
subcomponents will be added under “capital account
transactions (net)”: (1) “transfer payments for cata
strophic losses” (line 71) and (2) “other capital ac
count transactions” (line 72). Gross saving (line 85)
will decrease by the same amount that “current taxes
and transfer payments to the rest of the world (net)”
(line 63) increased. “Net lending or net borrowing (-),
NIPAs” (line 73) is unchanged because the changes to
net saving (line 75) and to CFC (line 80) are offset by
the changes to “capital account transactions (net).”
In the foreign transactions capital account (account
7), “capital account transactions (net)” (line 89) will
decrease to reflect the disaster-related insurance pay
outs received from the rest of the world that will now
be recorded in this account. The two new subcompo
nents added to account 6 will also be added to this ac
count. As before, “net lending or net borrowing (-),
NIPAs” (line 92) is unchanged.
Reclassification of territorial adjustments in
the government accounts
Most transactions between the U.S. government and
economic agents in the territories of Guam, the U.S.
Virgin Islands, and American Samoa and in the com
monwealths of Puerto Rico and the Northern Mariana
Islands will now be included in federal government
current receipts and expenditures. As a result, the mea
sures of the fiscal balance of the federal government
and its social insurance funds will be more accurate,
and their consistency and comparability with NIPA
measures of private saving will be enhanced.
Like private transactions (such as trade in goods
and services), government transactions with the terri
tories will be treated as transactions with the rest of the
world. Inconsistencies will remain with BEA’s interna
tional transactions accounts (ITAs), which treat the
territories as part of the domestic economy, and the
15
“territorial adjustments” shown in NIPA “Table 4.3B.
Relation of Foreign Transactions in the National In
come and Product Accounts to the Corresponding
Items in the International Transactions Accounts” will
reflect the new treatment.
BEA’s long-run goal is to expand the coverage of
the NIPAs to include the territories and to make the
NIPAs consistent with the ITAs. To this end, BEA has a
project underway with the Department of the Interior
to work with the four insular areas (American Samoa,
Guam, the Northern Mariana Islands, and the U.S.
Virgin Islands) to develop macroeconomic accounts.
Current treatment. The federal government collects
certain revenues from residents of these U.S. territories
and commonwealths, and the residents of these areas
participate in several social insurance programs and
other benefit programs administered by the federal
government. Furthermore, the federal government
provides financial assistance through grants and subsi
dies to these areas.
The revenues and expenditures of the U.S. govern
ment associated with these areas are included in the
Budget o f the United States Government (Budget), the
Monthly Treasury Statement, and other data sources
used to derive the federal-sector estimates in the
NIPAs. However, at present, the related transactions
are excluded from the NIPA estimates of government
current receipts and expenditures by means of a “geo
graphic” coverage adjustment that is shown in NIPA
tables 3.18A and 3.18B.
New treatment. To achieve consistency within the
NIPA framework, a number of transactions between
the U.S. government and the territories of Guam, the
U.S. Virgin Islands, and American Samoa and the
commonwealths of Puerto Rico and the Northern
Mariana Islands will be recognized as transactions be
tween the United States and the rest of the world.
The major categories of transactions between the
federal government and the territories and common
wealths that will be reclassified as government current
receipts and expenditures are as follows: contributions
for government social insurance, government social
benefits, grants, and subsidies.
Effects on the accounts. Classifying the transac
tions with the territories and commonwealths as
U.S. government transactions with the rest of the
world will have a very limited effect on three NIPA
summary accounts; these effects are summarized in ta
ble 3. In the personal income and outlay account
(account 3), the title of line 25 will become “less:
contributions for government social insurance, do
mestic” to reflect that only the “domestic contribu
tions” are included. In the government receipts and
16
Preview of the 2009 Comprehensive NIPA Revision
expenditures account (account 4), line 19 “contribu
tions for government social insurance” will now
include both “domestic contributions” and “rest-ofthe-world contributions.” Finally, in the foreign trans
actions current account (account 5), line 18, which
March 2009
shows current taxes and transfer payments “from gov
ernment (net)” will include rest-of-the-wo rid contri
butions, which are a form of transfer payments shown
in line 16 “current taxes and transfer payments to the
rest of the world (net).”
Table 3. Changes to Select NIPA Summary Accounts From Reclassifying Transactions
Between the Federal Government and U.S. Territories and Commonwealths
Account 3. Personal Income and Outlay Account
Line
Line
1 Personal current taxes
2 Personal outlays
3 Personal consumption expenditures
4 Personal interest payments
5 Personal current transfer payments
6
To government
7
To the rest of the world (net)
8 Personal saving
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
9 PERSONAL TAXES, OUTLAYS, AND SAVING
26 PERSONAL INCOME
Compensation of employees, received
Wage and salary disbursements
Domestic
Rest of the world
Supplements to wages and salaries
Employer contributions for employee pension and insurance funds
Employer contributions for government social insurance
Proprietors’ income with inventory valuation and capital consumption adjustments
Rental income of persons with capital consumption adjustment
Personal income receipts on assets
Personal interest income
Personal dividend income
Personal current transfer receipts
Government social benefits
From business (net)
Less: Contributions for government social insurance, domestic
Account 4. Government Receipts and Expenditures Account
Line
1
2
3
4
5
6
7
8
9
10
11
12
Line
Consumption expenditures
Current transfer payments
Government social benefits
To persons
To the rest of the world
Other current transfer payments to the rest of the world (net)
Interest payments
Subsidies
Less: Wage accruals less disbursements
Net government saving
Federal
State and local
13 GOVERNMENT CURRENT EXPENDITURES AND NET SAVING
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Current tax receipts
Personal current taxes
Taxes on production and imports
Taxes on corporate income
Taxes from the rest of the world
Contributions for government social insurance
Domestic
Rest of the world
Income receipts on assets
Interest and miscellaneous receipts
Dividends
Current transfer receipts
From business (net)
From persons
Current surplus of government enterprises
29 GOVERNMENT CURRENT RECEIPTS
Account 5. Foreign Transactions Current Account
Line
Line
1 Exports of goods and services
2 Income receipts from the rest of the world
3 Wage and salary receipts
4 Income receipts on assets
5
Interest
6
Dividends
7
Reinvested earnings on U.S. direct investment abroad
9
10
11
12
13
14
15
16
17
18
19
20
8 CURRENT RECEIPTS FROM THE REST OF THE WORLD
21 CURRENT PAYMENTS TO THE REST OF THE WORLD AND BALANCE ON
Imports of goods and services
Income payments to the rest of the world
Wage and salary payments
Income payments on assets
Interest
Dividends
Reinvested earnings on foreign direct investment in the United States
Current taxes and transfer payments to the rest of the world (net)
From persons (net)
From government (net)
From business (net)
Balance on current account, national income and product accounts
CURRENT ACCOUNT
March 2009
Su r v e y
of
C u r r e n t B usin ess
Insurance services provided by government
enterprises
In the 2003 comprehensive revision of the NIPAs,
the treatment of insurance services provided by
property and casualty enterprises in the private sector
was changed to recognize the implicit services funded
by investment income and to provide a more appro
priate treatment of insured losses.14 This treatment
will now be applied to the property and casualty insur
ance services provided by two federal government in
surance enterprises— the National Flood Insurance
Program (NFIP) and the Federal Crop Insurance Cor
poration (FCIC)— and by one state enterprise— the
Florida Citizens Property Insurance Corporation
(CPIC).15
Current treatment. The current methodology for
measuring the current surplus of government property
and casualty insurance enterprises is
17
be added to the value of premiums.17 This implicit
component of insurance services is called a prem ium
supplement and reflects the fact that in setting premi
ums, insurance companies take into account the ex
pected income earned from investing these reserves.
However, for government enterprises, there is little evi
dence that investment income on technical reserves
significantly affects premiums partly because reserve
funds are either small or do not exist.
Like insurance enterprises in the private sector, nor
mal losses will be substituted for actual losses incurred
in a period in calculating the value of insurance ser
vices of government enterprises. This change recog
nizes that in setting premiums, insurance enterprises
do not yet know the actual losses in a period, and as a
consequence, normal losses may be used as an approx
imation. Equation (lc) becomes
(lc*) Expenses = Normal losses + Compensation +
Intermediate inputs + CFC
(1)
Current surplus = Revenues + Subsidies - Expenses
where
(la)
Revenues = Insurance premiums
(lb)
Subsidies = Subsidies from other levels of gov
ernment, for example, from the federal govern
ment to a state and local government
(lc)
Expenses = Actual losses + Compensation +
Intermediate inputs + CFC
In anticipation of the change in treatment of insur
ance services provided by government enterprises in
the upcoming comprehensive revision, the current
methodology was adjusted when large disasters oc
curred. For example, in 2004, when a series of hurri
canes caused significant damage in Florida, BEA
reclassified the large insurance payouts made by the
CPIC as negative current transfer receipts from busi
ness.16 Similarly, in 2005, the payouts made by the
NFIP when Hurricane Katrina hit the Gulf Coast were
classified in the same way.
New treatment. Consistent with the treatment of
insurance enterprises in the private sector, the value
of the expected investment income on the reserve
funds held by government insurance enterprises would
14. See Moulton and Seskin, 19-23. The treatment of reinsurance was
also changed, but it is not a factor for government enterprises.
15. Other state and local government insurance enterprises exist or are
being formed, but they are either very small or are not yet in the source
data. BEA will monitor developments in this area and include additional
entities in this treatment when appropriate.
16. Government enterprise insurance payouts are shown as negative cur
rent transfer receipts from business in order to reflect the fact that private
insurance companies obtain the coverage for policyholders from the gov
ernment.
This substitution in turn reduces the large swings in
measured services when actual losses differ from ex
pectations.
Normal losses will be calculated using the same
methodology adopted for the private sector during the
2003 comprehensive revision.18 Specifically, normal
losses will be calculated as a geometric-weighted mov
ing average of past loss ratios (the ratio of actual losses
to premiums earned) multiplied by the premiums
earned during the current period. Source data on pre
miums collected and losses paid by the FCIC and the
NFIP are identifiable in the U.S. Budget Appendix.
Source data for the CPIC are available in the Census
Bureau Government Finances surveys.
Consistent with the treatment of insurance enter
prises in the private sector, the difference between the
actual losses and the normal losses— the net insurance
settlements— will be shown as negative “current trans
fer receipts from business” for most periods. Net insur
ance settlements related to catastrophic events will be
treated as capital transfer payments (see “Treatment of
disasters”).
Subsidies to federal insurance enterprises. To
further improve the consistency between the treatment
of private insurance enterprises and of government in
surance enterprises, subsidies paid from the federal
17. In the NIPAs, these reserve funds, or technical reserves, are considered
to be owned by policyholders, and they consist of (1) premiums that have
been paid to an insurance entity but that are not yet earned because the
period for which insurance has been purchased has not yet occurred and
(2) insured losses that have occurred but for which policyholders have not
yet received payment.
18. See Chen and Fixler, 13-16.
18
Preview of the 2009 Comprehensive NIPA Revision
government to federal insurance enterprises— specifi
cally, to the FCIC— will now be included in calculat
ing the current surplus of government insurance
enterprises. This new treatment will also provide con
sistency with the treatment recommended by the SNA
2008.
The current treatment of excluding subsidies paid
from the federal government to federal insurance en
terprises from the calculation of the current surplus of
these enterprises was based on the general exclusion of
subsidy payments from one federal entity to another in
the NIPAs. However, in undertaking the research be
hind the change in treatment of the insurance services
provided by federal insurance enterprises, it became
clear that the current treatment of the subsidy was not
accurately reflecting the operations of the FCIC, which
was using the payment as revenue in its operating ac
tivities, such as the setting of premium prices and of
the terms of insurance policies. At this time, only sub
sidies to federal insurance enterprises, such as the
FCIC, will be treated as revenue in calculating their
current surplus.
Changes in Presentations
Several changes in presentations will be implemented,
including the following:
• Table changes that reflect the changes in definitions
described above
• The new classification system for personal con
sumption expenditures
•A new presentation of the estimates of private fixed
investment in structures for 1929-96 consistent
with the estimates beginning with 1997
•A change in the reference year— from 2000 to
2005— for chain-type quantity and price indexes
and for chained-dollar estimates
•A change in the terminology used to describe the
vintages of the current quarterly GDP estimates
Detailed changes in the NIPA tables are presented in
table 4, beginning on page 21.
Table changes reflecting changes in definitions.
Most table changes that result from changes in defini
tions are described above or in table 4. The change in
the treatment of disasters will have notable effects on
several NIPA tables that were not previously discussed:
“Table 1.12. National Income by Type of Income,” “Ta
ble 5.1. Saving and Investment,” “Table 5.10. Capital
Transfers (Net),” and tables 7.14 and 7.16, which show
the relation of NIPA nonfarm proprietors’ income and
of NIPA corporate profits to corresponding measures
published by the Internal Revenue Service.
In table 1.12, the net corporate cash flow detail
will be modified. Net corporate cash flow, measured as
undistributed profits with capital consumption adjust
March 2009
ment plus corporate CFC, measures the funds
generated as a result of the production process that
are available for investment. With the new treatment,
disaster-related insurance payouts will not be treated
as current expenses and will not be included in the cal
culation of corporate profits. However, insurance pay
outs made by private insurance companies reduce their
cash flow available for investment (and insurance re
ceipts by companies suffering losses add to the compa
nies’ cash flow available for investment). Therefore, in
order to continue to include the net effect of these cap
ital transfer payments and receipts in the calculation of
corporate net cash flow, a line will be added— “Less:
Capital transfers paid (net)”— as part of the derivation
of cash flow in table 1.12.
In NIPA table 5.1, the addenda will be expanded to
include disaster losses for private domestic business,
households and institutions, and federal and state and
local governments. In NIPA table 5.10, detail will be
added that shows the net capital transfers received by
businesses and by persons. In NIPA tables 7.14 and
7.16, disaster losses will be an additional reconciliation
item for nonfarm proprietors’ income and for corpo
rate profits.
New classification system for personal consump
tion expenditures (PCE). As noted above, a new classi
fication system for PCE will be incorporated in the
comprehensive revision. This new system defines new
categories of expenditures by type of product and by
function to reflect changes that have occurred in con
sumer buying patterns since the 1940s when the cur
rently used classifications were developed and to bring
the classifications of expenditures closer to the recom
mendations of the SNA 2008. 19 This new system will
result in a significant redesign of the NIPA tables (see
also the box “Availability of Redesigned Tables”).
The new product structure retains the three major
product types of the current structure: durable goods,
nondurable goods, and services. In addition, a new ag
gregate “goods”— the sum of durable goods and non
durable goods— will be added.
Changes to the current structure include the follow
ing:
• The separate identification within services of house
hold consumption from nonprofit consumption
(expenses of nonprofit institutions serving house
holds);
• The addition of new major product categories, such
as recreational goods and vehicles, food services and
accommodations, and financial services and insur
ance;
19. See McCully and Teensma, 6-17.
March 2009
Su r v e y
of
C u r r e n t B usin ess
• The reclassification of purchased meals and bev
erages from nondurable goods to services under
food services and accommodations. This change is
more consistent with the definition of services as
products that cannot be stored and that are con
sumed at the place and time of purchase.
In the new product structure, durable goods has
four major product types; in the current structure, it
has three. The additional type is recreational goods
and vehicles. The new structure for nondurable goods
has four major product types that except for food, are
generally similar to the current structure. Under the
new structure, food will consist only of “food and bev
erages purchased for off-premises consumption.” An
other major change in the new structure is that services
will separately identify household consumption expen
ditures from final consumption expenditures of non
profit institutions serving households (NPISHs). This
change will also improve consistency with the Bureau
of Labor Statistics measures of household expenditures
and the related classifications used for the consumer
price index.
The new functional structure replaces the current
structure of presenting PCE by type of expenditure. In
addition, a major feature of the new structure is the
separation of PCE into household consumption ex
penditures and final consumption expenditures of
NPISHs, which is consistent with the services part of
the new product structure. The new functional struc
ture also includes three new categories: communica
tion, food services and accommodations, and financial
services and insurance.
Because of the reclassification of purchased meals
and beverages from nondurable goods to services, PCE
excluding food and energy will be redefined. In the
new structure, what is often referred to as the “core”
PCE price index will include food services. The rede
fined price index will be more consistent with the pur
pose of a core price index— to strip away volatile
components to reveal “underlying” inflation— because
the prices of food services are relatively stable, and this
product category’s importance has grown over time.20
Similarly, the market-based PCE
price in
dex— which measures prices of goods and services
purchased by, or on behalf of, households, using com
ponent consumer price indexes and producer price in
dexes— will be redefined. Under the current structure,
the market-based PCE price index excludes the ex
penses of NPISHs and imputed expenditures except
for owner-occupied space rent. Under the new classifi-
19
cation, the sales of primary services to households by
NPISHs will be included in the market-based PCE
price index.
The redefined market-based PCE and market-based
PCE excluding food and energy price indexes will be
added to the addenda of NIPA tables 2.3.4 and 2.8.4,
which feature quarterly and monthly PCE price in
dexes, respectively. In addition, two new NIPA tables
that present the percent change in PCE prices will be
introduced: table 2.3.7 will present quarterly and an
nual estimates, and table 2.8.7 will present monthly es
timates.
Other changes in presentations
Private fixed investment in structures. In the 2003
comprehensive revision, the NIPA estimates of nonres
idential structures, beginning with the estimates for
1997, were classified by function rather than by type.
As a result, NIPA tables 5.4.1-5.4.6, which present pri
vate fixed investment in structures, were split into two
parts: part A, which presented estimates by type from
1929-97, and part B, which presented estimates by
function beginning with 1997. For the upcoming com
prehensive revision, the part A series of tables will be
restated in the functional presentation, the part A se
ries of tables by type will be discontinued, and the “B”
designation will be dropped from the table title.
Updated reference year. For the upcoming compre
hensive revision, BEA will feature output and price
measures that use 2005 as the reference year; currently,
2000 is used as the reference year. Quantity and price
indexes at the most detailed level will be expressed as
2005 equal to 100 and will provide the inputs used for
calculating higher level chain-type measures. The esti
mates for most tables showing “real,” or chained-dollar, estimates will begin with 1995.21
Updating the reference year will not affect the per
cent changes in the price or quantity indexes (or
chained-dollar estimates), because these changes are
measured as chain-type indexes.22 Revisions to the per
cent changes in NIPA aggregates will reflect the incor
poration of newly available and revised source data as
well as changes in definitions, classifications, and
methodologies.
New names for vintages of current quarterly GDP
estimates. Effective with the release of the comprehen
sive revision in luly, the three vintages of the current
quarterly estimates of GDP will be named “advance,”
21. The reference years used in tables 1.1.6A, 1.1.6B, and 1.1.6C (1937,
1952, and 1972, respectively) will not be changed. Table 1.1.6D will present
chained-dollar estimates for 1977-97 using 1987 as the reference year.
22. See J. Steven Landefeld and Robert P. Parker, “Preview of the Compre
20. See Clinton P. McCully, “The PCE Price Index: Core Issues” (paper
hensive Revision of the National Income and Product Accounts: BEA’s New
presented at the BEA Advisory Committee Meeting, November 3, 2006);
www.bea.gov/about/pdf/1106_ACM_PCE.pdf.
Featured Measures of Output and Prices,” S u r v e y 75 (July 1995): 31-38.
20
Preview of the 2009 Comprehensive NIPA Revision
“second,” and “third.” The new terminology will not
only be more straightforward than the current desig
nations, but it will also be more accurate in describing
the vintages of the estimates.
The estimates released near the end of the first
month after the end of the quarter will continue to be
designated “advance” estimates. The term recognizes
that for many important components of GDP, as
sumptions must be made for the missing third
month of source data. The estimates released near the
end of the second month after the end of the quarter,
which have been designated “preliminary” estimates,
will be renamed “second” estimates. The new termi
nology will be less ambiguous because in many statisti
cal agencies (including BEA), “preliminary” is often
used for the first available estimates, which has not
been the case for the “preliminary” GDP estimates.
The estimates released near the end of the third
month after the end of the quarter will be named
“third” estimates instead of “final” estimates. This
change recognizes that the present designation has
caused confusion for data users because in fact, the es
timates are not “final”; they are revised during subse
quent annual revisions and comprehensive revisions.
Expanded table. “Table 3.2. Federal Government
Current Receipts and Expenditures” will show an addi
tional line for dividends under “income receipts on as
sets.” This addition reflects the increasing importance
of dividends received by the federal government as a
March 2009
result of the intervention in response to the current fi
nancial crisis.23 Estimates will begin with the third
quarter of 2004.
Discontinued tables. Several NIPA tables will be
discontinued. As mentioned above, part A of the table
on private fixed investment in structures (NIPA table
family 5.4.1-5.4.6) will be discontinued, and the 5.4.15.4.6 part B tables will be restated historically.
As previously announced, “Table 7.19. Compari
sons of Personal Income in the NIPAs with Adjusted
Gross Income as Published by the Internal Revenue
Service” and tables 8.1, 8.2, 8.5, and 8.6, which present
the seasonally unadjusted estimates for GDP, PCE, for
eign transactions, and corporate profits, respectively,
will be discontinued because of budgetary consider
ations.24
Tables 8.3 and 8.4, which present seasonally unad
justed federal and state and local government current
receipts and expenditures, will be renumbered tables
3.22 and 3.23, respectively.
23. For a discussion of this intervention, see the box “The 2008 Financial
Crisis and the National Accounts” by Benjamin Mandel, S u r v e y 89 (Febru
ary 2009): 7.
24. See “Impact of 2008 Federal Budget on the Availability and Quality of
Data from the Bureau of Economic Analysis” on BEA’s Web site at
www.bea.gov/agency/availability_and_quality_of__data.htm.
Table 4 follows.
March 2009
Sur v ey
of
21
C u r r e n t B u sin ess
Table 4. Changes to the NIPA Tables—Continues
Table number
Table title
New
Comments 1
Old
Summary Table
A
A Summary National Income and Product Accounts............................................................................ Summary account one includes new line for PCE goods. Summary
account 3 “contributions for government social insurance” renamed
“contributions for government social insurance, domestic”; see text.
Summary accounts 6 and 7 include new detail for “capital account
transactions (net)”: “transfer payments for catastrophic losses” and
“other capital account transactions”; see text.
1. National Product and Income
1.1.1*
1.1.2*
1.1.3*
1.1.4*
1.1.5*
1.1.6*
1.1.6A
1.1.6B
1.1.6C
1.1.6D
1.1.1*
1.1.2*
1.1.3*
1.1.4*
1.1.5*
1.1.6*
1.1.6A
1.1.6B
1.1.6C
1.1.6D
1.1.7*
1.1.8*
1.1.9*
1.1.10*
1.2.1*
1.2.2*
1.2.3*
1.2.4*
1.2.5*
1.2.6*
1.3.1*
1.3.3*
1.3.4*
1.3.5*
1.3.6*
1.4.1*
1.1.7*
1.1.8*
1.1.9*
1.1.10*
1.2.1*
1.2.2*
1.2.3*
1.2.4*
1.2.5*
1.2.6*
1.3.1*
1.3.3*
1.3.4*
1.3.5*
1.3.6*
1.4.1*
1.4.3*
1.4.3*
1.4.4*
1.4.4*
1.4.5*
1.4.5*
1.4.6*
1.4.6*
1.5.1*
1.5.1*
1.5.2*
1.5.3*
1.5.4*
1.5.5*
1.5.6*
1.6.4*
1.5.2*
1.5.3*
1.5.4*
1.5.5*
1.5.6*
1.6.4*
1.6.7*
1.6.8*
1.7.1*
1.6.7*
1.6.8*
1.7.1*
1.7.3*
1.7.3*
1.7.4*
1.7.5*
1.7.4*
1.7.5*
1.7.6*
1.7.6*
1.8.3*
1.8.6*
1.8.3*
1.8.6*
Percent Change From Preceding Period in Real Gross Domestic Product.........................................
Contributions to Percent Change in Real Gross Domestic Product...................................................
Real Gross Domestic Product, Quantity Indexes..............................................................................
Price Indexes for Gross Domestic Product.......................................................................................
Gross Domestic Product.................................................................................................................
Real Gross Domestic Product, Chained Dollars...............................................................................
Real Gross Domestic Product, Chained (1937) Dollars....................................................................
Real Gross Domestic Product, Chained (1952) Dollars....................................................................
Real Gross Domestic Product, Chained (1972) Dollars....................................................................
Real Gross Domestic Product, Chained (1987) Dollars....................................................................
Includes new line for PCE goods.
Includes new line for PCE goods.
Includes new line for PCE goods.
Includes new line for PCE goods.
Includes new line for PCE goods.
Chained (2005) dollars. Includes new line for PCE goods.
Includes new line for PCE goods.
Includes new line for PCE goods.
Includes new line for PCE goods.
Includes new line for PCE goods. Reference year changed from 1982 to
1987. Annual and quarterly estimates presented for 1977-1997.
Percent Change From Preceding Period in Prices for Gross Domestic Product................................. Includes new line for PCE goods.
Contributions to Percent Change in the Gross Domestic Product Price Index.................................... Includes new line for PCE goods.
Implicit Price Deflators for Gross Domestic Product......................................................................... Includes new line for PCE goods.
Percentage Shares of Gross Domestic Product................................................................................ Includes new line for PCE goods.
Percent Change From Preceding Period in Real Gross Domestic Product by Major Type of Product
Contributions to Percent Change in Real Gross Domestic Product by Major Type of Product
Real Gross Domestic Product by Major Type of Product, Quantity Indexes
Price Indexes for Gross Domestic Product by Major Type of Product
Gross Domestic Product by Major Type of Product
Real Gross Domestic Product by Major Type of Product, Chained Dollars
Percent Change From Preceding Period in Real Gross Value Added by Sector
Real Gross Value Added by Sector, Quantity Indexes
Price Indexes for Gross Value Added by Sector
Gross Value Added by Sector
Real Gross Value Added by Sector, Chained Dollars
Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic
Purchases, and Real Final Sales to Domestic Purchasers
Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic
Purchasers, Quantity Indexes
Price Indexes for Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic
Purchasers
Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic
Purchasers
Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to
Domestic Purchasers, Chained Dollars
Percent Change From Preceding Period in Real Gross Domestic Product, Expanded Detail............. Includes new line for PCE goods. PCE categories modified to reflect new
classification structure; see text.
Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail......................... Reflects new 1.5.1 detail.
Real Gross Domestic Product, Expanded Detail, Quantity Indexes................................................... Reflects new 1.5.1 detail.
Price Indexes for Gross Domestic Product, Expanded Detail............................................................ Reflects new 1.5.1 detail.
Gross Domestic Product, Expanded Detail...................................................................................... Reflects new 1.5.1 detail.
Real Gross Domestic Product, Expanded Detail, Chained Dollars.................................................... Reflects new 1.5.1 detail.
Price Indexes for Gross Domestic Purchases.................................................................................. Includes new line for PCE goods. PCE categories modified to reflect new
classification structure; see text.
Percent Change From Preceding Period in Prices for Gross Domestic Purchases............................ Reflects new 1.6.4 detail.
Contributions to Percent Change in the Gross Domestic Purchases Price Index............................... Reflects new 1.6.4 detail.
Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross National
Product, and Real Net National Product
Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity
Indexes
Price Indexes for Gross Domestic Product, Gross National Product, and Net National Product
Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income,
and Personal Income................................................................................................................... “Contributions for government social insurance” renamed “contributions
for government social insurance, domestic”; see text.
Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National
Product, Chained Dollars
Command-Basis Real Gross National Product, Quantity Indexes
Command-Basis Real Gross National Product, Chained Dollars
See the footnote and note at the end of the table.
22
Preview of the 2009 Comprehensive NIPA Revision
March 2009
Table 4. Changes to the NIPA Tables— Continues
Table number
Comments 1
Table title
New
Old
1. National Product and Income
1.9.3
1.9.4
1.9.5
1.9.6
1.10*
1.11
1.12*
1.9.3
1.9.4
1.9.5
1.9.6
1.10*
1.11
1.12*
1.13
1.14*
1.13
1.14*
1.15*
1.16
1.15*
1.16
Real Net Value Added by Sector, Quantity Indexes
Price Indexes for Net Value Added by Sector
Net Value Added by Sector
Real Net Value Added by Sector, Chained Dollars
Gross Domestic Income by Type of Income
Percentage Shares of Gross Domestic Income
National Income by Type of Income................................................................................................. Corporate cash flow detail includes new line “less: capital transfers paid
(net),” reflecting the change in the treatment of disasters; see text.
National Income by Sector, Legal Form of Organization, and Type of Income
Gross Value Added of Corporate Business in Current Dollars and Gross Value Added of Nonfinancial
Corporate Business in Current and Chained Dollars
Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Corporate Business
Sources and Uses of Private Enterprise Income
2. Personal Income and Outlays
2.1*
2.2A
2.2B*
2.3.1*
2.3.2*
2.3.3*
2.3.4*
2.3.5*
2.3.6*
2.3.7*
2.4.3
2.4.4
2.4.5
2.4.6
2.5.3
2.5.4
2.5.5
2.5.6
2.6
2.7A
2.7B
2.8.1
2.8.3
2.8.4
2.8.5
2.8.6
2.8.7
2.9
2.1* Personal Income and Its Disposition................................................................................................ “Contributions for government social insurance” renamed “contributions
for government social insurance, domestic”; see text.
2.2A Wage and Salary Disbursements by Industry
2.2B* Wage and Salary Disbursements by Industry
2.3.1* Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type
of Product................................................................................................................................... Categories changed to reflect new PCE classification structure.
2.3.2* Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of
Product....................................................................................................................................... Categories changed to reflect new PCE classification structure.
2.3.3* Real Personal Consumption Expenditures by Major Type of Product, Quantity Indexes..................... Categories changed to reflect new PCE classification structure.
2.3.4* Price Indexes for Personal Consumption Expenditures by Major Type of Product.............................. Categories changed to reflect new PCE classification structure. Addenda
lines added for “Market-based PCE” and “Market-based PCE excluding
food and energy.”
2.3.5* Personal Consumption Expenditures by Major Type of Product......................................................... Categories changed to reflect new PCE classification structure.
Categories changed to reflect new PCE classification structure.
2.3.6* Real Personal Consumption Expenditures by Major Type of Product, Chained Dollars
Percent Change from Preceding Period in Prices for Personal Consumption Expenditures by Major
Type of Product........................................................................................................................... New table. Reflects 2.3.4 detail.
2.4.3 Real Personal Consumption Expenditures by Type of Product, Quantity Indexes.............................. Categories changed to reflect new PCE classification structure.
2.4.4 Price Indexes for Personal Consumption Expenditures by Type of Product........................................ Categories changed to reflect new PCE classification structure.
2.4.5 Personal Consumption Expenditures by Type of Product.................................................................. Categories changed to reflect new PCE classification structure.
2.4.6 Real Personal Consumption Expenditures by Type of Product, Chained Dollars................................ Categories changed to reflect new PCE classification structure.
2.5.3 Real Personal Consumption Expenditures by Type of Expenditure, Quantity Indexes......................... Categories changed to reflect new PCE classification structure.
2.5.4 Price Indexes for Personal Consumption Expenditures by Type of Expenditure................................. Categories changed to reflect new PCE classification structure.
2.5.5 Personal Consumption Expenditures by Type of Expenditure............................................................ Categories changed to reflect new PCE classification structure.
2.5.6 Real Personal Consumption Expenditures by Type of Expenditure, Chained Dollars.......................... Categories changed to reflect new PCE classification structure.
2.6 Personal Income and Its Disposition, Monthly.................................................................................. “Contributions for government social insurance” renamed “contributions
for government social insurance, domestic”; see text.
2.7A Wage and Salary Disbursements by Industry, Monthly
2.7B Wage and Salary Disbursements by Industry, Monthly
2.8.1 Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type
of Product, Monthly...................................................................................................................... Includes new line for PCE goods.
2.8.3 Real Personal Consumption Expenditures by Major Type of Product, Monthly, Quantity Indexes........ Includes new line for PCE goods.
2.8.4 Price Indexes for Personal Consumption Expenditures by Major Type of Product, Monthly................ Includes new line for PCE goods. Addenda lines added for “PCE energy
goods and services,” “PCE excluding food and energy,” “Market-based
PCE,” and “Market-based PCE excluding food and energy.”
2.8.5 Personal Consumption Expenditures by Major Type of Product, Monthly........................................... Includes new line for PCE goods.
2.8.6 Real Personal Consumption Expenditures by Major Type of Product, Monthly, Chained Dollars........ Includes new line for PCE goods.
Percent Change from Preceding Period in Prices for Personal Consumption Expenditures by Major
Type of Product, Monthly............................................................................................................. New table. Reflects 2.8.4 detail.
2.9 Personal Income and Its Disposition by Households and by Nonprofit Institutions Serving Households “Nonprofit institution gross consumption expenditures” changed to “gross
output of nonprofit institutions.” New detail on the gross output and the
receipts from sales of nonprofit institutions serving households
presented, reflecting the new PCE classification structure.
“Contributions for government social insurance” renamed “contributions
for government social insurance, domestic”; see text.
See the footnote and note at the end of the table.
March 2009
Su r v ey
of
23
C u r r e n t B u sin ess
Table 4. Changes to the NIPA Tables—Continues
Table number
Comments 1
Table title
New
Old
3. Government Current Receipts and Expenditures
3.1*
3.2*
3.3*
3.4
3.5
3.6
3.7
3.8
3.9.1*
3.9.2*
3.9.3*
3.9.4*
3.9.5*
3.9.6*
3.10.1*
3.10.3*
3.10.4*
3.10.5*
3.10.6*
3.11.1*
3.11.3*
3.11.4*
3.11.5*
3.11.6*
3.12
3.13
3.14
3.15.3
3.15.5
3.15.6
3.16
3.17
3.18A
3.18B
3.19
3.20
3.21
3.22
3.23
Government Current Receipts and Expenditures
Federal Government Current Receipts and Expenditures................................................................ Includes new “dividends” line under “income receipts on assets”; see text.
State and Local Government Current Receipts and Expenditures
Personal Current Tax Receipts
Taxes on Production and Imports
Contributions for Government Social Insurance................................................................................ New line added for “rest-of-the-world” contributions; see text.
Government Current Transfer Receipts
Current Surplus of Government Enterprises
Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross
Investment
3.9.2* Contributions to Percent Change in Real Government Consumption Expenditures and Gross
Investment
3.9.3* Real Government Consumption Expenditures and Gross Investment, Quantity Indexes
3.9.4* Price Indexes for Government Consumption Expenditures and Gross Investment
3.9.5* Government Consumption Expenditures and Gross Investment
3.9.6* Real Government Consumption Expenditures and Gross Investment, Chained Dollars
3.10.1* Percent Change From Preceding Period in Real Government Consumption Expenditures and
General Government Gross Output
3.10.3* Real Government Consumption Expenditures and General Government Gross Output, Quantity
Indexes
3.10.4* Price Indexes for Government Consumption Expenditures and General Government Gross Output
3.10.5* Government Consumption Expenditures and General Government Gross Output
3.10.6* Real Government Consumption Expenditures and General Government Gross Output, Chained
Dollars
3.11.1* Percent Change From Preceding Period in Real National Defense Consumption Expenditures and
Gross Investment by Type
3.11.3* Real National Defense Consumption Expenditures and Gross Investment by Type, Quantity Indexes
3.11.4* Price Indexes for National Defense Consumption Expenditures and Gross Investment by Type
3.11.5* National Defense Consumption Expenditures and Gross Investment by Type
3.11.6* Real National Defense Consumption Expenditures and Gross Investment by Type, Chained Dollars
3.12 Government Social Benefits............................................................................................................ “Food stamp benefits” series renamed “Supplemental Nutritional
Assistance Program (SNAP).”
3.13 Subsidies
3.14 Government Social Insurance Funds Current Receipts and Expenditures......................................... New line added for federal “rest-of-the-world” contributions.
3.15.3 Real Government Consumption Expenditures and Gross Investment by Function, Quantity Indexes
3.15.5 Government Consumption Expenditures and Gross Investment by Function
3.15.6 Real Government Consumption Expenditures and Gross Investment by Function, Chained Dollars
3.16 Government Current Expenditures by Function
3.17 Selected Government Current Expenditures by Function................................................................. Includes new “income security” line under “federal capital transfers paid,”
to reflect the portion of the military retirement lump sum payment that is
capital transfers.
3.18A Relation of Federal Government Current Receipts and Expenditures in the National Income and
Product Accounts to the Consolidated Cash Statement, Fiscal Years............................................ “Geographic” coverage lines eliminated.
3.18B Relation of Federal Government Current Receipts and Expenditures in the National Income and
Product Accounts to the Budget, Fiscal Years............................................................................... “Geographic” coverage lines eliminated.
3.19 Relation of State and Local Government Current Receipts and Expenditures in the National Income
and Product Accounts to Bureau of Census Government Finances Data, Fiscal Years
3.20 State Government Current Receipts and Expenditures
3.21 Local Government Current Receipts and Expenditures
8.3 Federal Government Current Receipts and Expenditures, Not Seasonally Adjusted
8.4 State and Local Government Current Receipts and Expenditures, Not Seasonally Adjusted
3.1*
3.2*
3.3*
3.4
3.5
3.6
3.7
3.8
3.9.1*
4. Foreign Transactions
4.1*
4.2.1*
4.2.2*
4.2.3*
4.2.4*
4.2.5*
4.2.6*
4.3A
4.3B
4.1* Foreign Transactions in the National Income and Product Accounts
4.2.1* Percent Change From Preceding Period in Real Exports and Imports of Goods and Services by Type
of Product
4.2.2* Contributions to Percent Change in Real Exports and in Real Imports of Goods and Services by Type
of Product
4.2.3* Real Exports and Imports of Goods and Services by Type of Product, Quantity Indexes
4.2.4* Price Indexes for Exports and Imports of Goods and Services by Type of Product
4.2.5* Exports and Imports of Goods and Services by Type of Product
4.2.6* Real Exports and Imports of Goods and Services by Type of Product, Chained Dollars
4.3A Relation of Foreign Transactions in the National Income and Product Accounts to the Corresponding
Items in the International Transactions Accounts
4.3B Relation of Foreign Transactions in the National Income and Product Accounts to the Corresponding
Items in the International Transactions Accounts
See the footnote and note at the end of the table.
24
Preview of the 2009 Comprehensive NIPA Revision
March 2009
Table 4. Changes to the NIPA Tables— Continues
Table number
Table title
New
Comments 1
Old
5. Saving and Investment
5.1*
5.2.3
5.2.5
5.2.6
5.3.1*
5.3.2*
5.3.3*
5.3.4*
5.3.5*
5.3.6*
5.4.1
5.4.2
5.4.3
5.4.4
5.4.5
5.4.6
5.5.1
5.5.2
5.5.3
5.5.4
5.5.5
5.5.6
5.6.5A
5.6.5B*
5.6.6A
5.6.6B*
5.7.5A
5.7.5B*
5.7.6A
5.7.6B*
5.7.9A
5.7.9B*
5.8.3A
5.8.3B
5.8.4A
5.8.4B
5.8.5A
5.8.5B
5.8.6A
5.8.6B
5.9
5.10
5.1* Saving and Investment..................................................................................................................... Addenda expanded to include lines for “disaster losses,” representing
damages to fixed assets; see text.
5.2.3 Real Gross and Net Investment by Major Type, Quantity Indexes
5.2.5 Gross and Net Investment by Major Type
5.2.6 Real Gross and Net Investment by Major Type, Chained Dollars
5.3.1* Percent Change From Preceding Period in Real Private Fixed Investment by Type
5.3.2* Contributions to Percent Change in Real Private Fixed Investment by Type
5.3.3* Real Private Fixed Investment by Type, Quantity Indexes
5.3.4* Price Indexes for Private Fixed Investment by Type
5.3.5* Private Fixed Investment by Type
5.3.6* Real Private Fixed Investment by Type, Chained Dollars
5.4.1 B Percent Change From Preceding Period in Real Private Fixed Investment in Structures by Type .... Table begins in 1930.
5.4.2B Contributions to Percent Change in Real Private Fixed Investment in Structures by Type................... Table begins in 1930.
5.4.3B Real Private Fixed Investment in Structures by Type, Quantity Indexes.............................................. Table begins in 1929.
5.4.4B Price Indexes for Private Fixed Investment in Structures by Type....................................................... Table begins in 1929.
5.4.5B Private Fixed Investment in Structures by Type................................................................................. Table begins in 1929.
5.4.6B Real Private Fixed Investment in Structures by Type, Chained Dollars............................................... Table begins in 1995.
5.5.1 Percent Change From Preceding Period in Real Private Fixed Investment in Equipment and Software
by Type
5.5.2 Contributions to Percent Change in Real Private Fixed Investment in Equipment and Software by Type
5.5.3 Real Private Fixed Investment in Equipment and Software by Type, Quantity Indexes
5.5.4 Price Indexes for Private Fixed Investment in Equipment and Software by Type
5.5.5 Private Fixed Investment in Equipment and Software by Type
5.5.6 Real Private Fixed Investment in Equipment and Software by Type, Chained Dollars
5.6.5A Change in Private Inventories by Industry
5.6.5B* Change in Private Inventories by Industry
5.6.6A Real Change in Private Inventories by Industry, Chained Dollars
5.6.6B* Real Change in Private Inventories by Industry, Chained Dollars
5.7.5A Private Inventories and Domestic Final Sales of Business by Industry
5.7.5B* Private Inventories and Domestic Final Sales by Industry
5.7.6A Real Private Inventories and Real Domestic Final Sales of Business by Industry, Chained Dollars
5.7.6B* Real Private Inventories and Real Domestic Final Sales by Industry, Chained Dollars
5.7.9A Implicit Price Deflators for Private Inventories by Industry
5.7.9B* Implicit Price Deflators for Private Inventories by Industry
5.8.3A Real Gross Government Fixed Investment by Type, Quantity Indexes
5.8.3B Real Gross Government Fixed Investment by Type, Quantity Indexes
5.8.4A Price Indexes for Gross Government Fixed Investment by Type
5.8.4B Price Indexes for Gross Government Fixed Investment by Type
5.8.5A Gross Government Fixed Investment by Type
5.8.5B Gross Government Fixed Investment by Type
5.8.6A Real Gross Government Fixed Investment by Type, Chained Dollars
5.8.6B Real Gross Government Fixed Investment by Type, Chained Dollars
5.9 Changes in Net Stock of Produced Assets (Fixed Assets and Inventories)......................................... “Consumption of fixed capital, except disaster losses” renamed
“consumption of fixed capital.” Private fixed assets detail under “other
changes in volume of assets” added for “nonresidential structures,”
“nonresidential equipment and software,” and “residential fixed assets,”
see text. Addenda expanded to include “sale of equipment scrap;
excluding autos” and “other.” (“Other” will consist primarily of statistical
revisions to the NIPAs that have not been incorporated into the fixed
assets accounts.)
5.10 Capital Transfers (Net)...................................................................................................................... Table expanded to include detail on capital transfers between business,
persons, governments, and the “rest of the world”; see text.
6. Income and Employment by Industry
6.1A
6.1B
6.1C
6.1 D*
6.2A
6.2B
6.2C
6.2D
6.3A
6.3B
6.3C
6.3D
6.1A
6.1 B
6.1C
6.1D*
6.2A
6.2B
6.2C
6.2D
6.3A
6.3B
6.3C
6.3D
National Income Without Capital Consumption Adjustment by Industry
National Income Without Capital Consumption Adjustment by Industry
National Income Without Capital Consumption Adjustment by Industry
National Income Without Capital Consumption Adjustment by Industry
Compensation of Employees by Industry
Compensation of Employees by Industry
Compensation of Employees by Industry
Compensation of Employees by Industry
Wage and Salary Accruals by Industry
Wage and Salary Accruals by Industry
Wage and Salary Accruals by Industry
Wage and Salary Accruals by Industry
See the footnote and note at the end of the table.
March 2009
Sur v ey
of
25
C u r r e n t B u sin ess
Table 4. Changes to the NIPA Tables—Continues
Table number
Comments 1
Table title
New
Old
6.4A
6.4B
6.4C
6.4D
6.5A
6.5B
6.5C
6.5D
6.6A
6.6B
6.6C
6.6D
6.7A
6.7B
6.7C
6.7D
6.8A
6.8B
6.8C
6.8D
6.9B
6.9C
6.9D
6.10B
6.1 OC
6.10D
6.11 A
6.11B
6.11C
6.11D
6.12A
6.12B
6.12C
6.12D
6.13A
6.13B
6.13C
6.13D
6.14A
6.14B
6.14C
6.14D
6.15A
6.15B
6.15C
6.15D
6.16A
6.16B
6.16C
6.16D*
6.17A
6.17B
6.17C
6.17D
6.18A
6.18B
6.18C
6.18D
6.19A
6.19B
6.19C
6.19D
6.20A
6.20B
6.20C
6.20D
6.4A Full-Time and Part-Time Employees by Industry
6.4B Full-Time and Part-Time Employees by Industry
6.4C Full-Time and Part-Time Employees by Industry
6.4D Full-Time and Part-Time Employees by Industry
6.5A Full-Time Equivalent Employees by Industry
6.5B Full-Time Equivalent Employees by Industry
6.5C Full-Time Equivalent Employees by Industry
6.5D Full-Time Equivalent Employees by Industry
6.6A Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry
6.6B Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry
6.6C Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry
6.6D Wage and Salary Accruals Per Full-Time Equivalent Employee by Industry
6.7A Self-Employed Persons by Industry
6.7B Self-Employed Persons by Industry
6.7C Self-Employed Persons by Industry
6.7D Self-Employed Persons by Industry
6.8A Persons Engaged in Production by Industry
6.8B Persons Engaged in Production by Industry
6.8C Persons Engaged in Production by Industry
6.8D Persons Engaged in Production by Industry
6.9B Hours Worked by Full-Time and Part-Time Employees by Industry
6.9C Hours Worked by Full-Time and Part-Time Employees by Industry
6.9D Hours Worked by Full-Time and Part-Time Employees by Industry
6.10B Employer Contributions for Government Social Insurance by Industry
6.10C Employer Contributions for Government Social Insurance by Industry
6.1 OD Employer Contributions for Government Social Insurance by Industry
6.11A Employer Contributions for Employee Pension and Insurance Funds by Industry and by Type
6.11B Employer Contributions for Employee Pension and Insurance Funds by Industry and by Type
6.11C Employer Contributions for Employee Pension and Insurance Funds by Industry and by Type
6.11D Employer Contributions for Employee Pension and Insurance Funds by Industry and by Type
6.12A Nonfarm Proprietors’ Income by Industry
6.12B Nonfarm Proprietors’ Income by Industry
6.12C Nonfarm Proprietors’ Income by Industry
6.12D Nonfarm Proprietors’ Income by Industry
6.13A Noncorporate Capital Consumption Allowances by Industry
6.13B Noncorporate Capital Consumption Allowances by Industry
6.13C Noncorporate Capital Consumption Allowances by Industry
6.13D Noncorporate Capital Consumption Allowances by Industry
6.14A Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry
6.14B Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry
6.14C Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry
6.14D Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry
6.15A Net Interest by Industry
6.15B Net Interest by Industry
6.15C Net Interest by Industry
6.15D Net Interest by Industry
6.16A Corporate Profits by Industry
6.16B Corporate Profits by Industry
6.16C Corporate Profits by Industry
6.16D* Corporate Profits by Industry
6.17A Corporate Profits Before Tax by Industry
6.17B Corporate Profits Before Tax by Industry
6.17C Corporate Profits Before Tax by Industry
6.17D Corporate Profits Before Tax by Industry
6.18A Taxes on Corporate Income by Industry
6.18B Taxes on Corporate Income by Industry
6.18C Taxes on Corporate Income by Industry
6.18D Taxes on Corporate Income by Industry
6.19A Corporate Profits After Tax by Industry
6.19B Corporate Profits After Tax by Industry
6.19C Corporate Profits After Tax by Industry
6.19D Corporate Profits After Tax by Industry
6.20A Net Corporate Dividend Payments by Industry
6.20B Net Corporate Dividend Payments by Industry
6.20C Net Corporate Dividend Payments by Industry
6.20D Net Corporate Dividend Payments by Industry
6. Income and Employment by Industry
See the footnote and note at the end of the table.
26
Preview of the 2009 Comprehensive NIPA Revision
March 2009
Table 4. Changes to the NIPA Tables— Continues
Table number
Table title
New
Comments 1
Old
6. Income and Employment by Industry
6.21A
6.21 B
6.21C
6.21 D
6.22A
6.22B
6.22C
6.22D
6.21A
6.21 B
6.21 C
6.21 D
6.22A
6.22B
6.22C
6.22D
Undistributed Corporate Profits by Industry
Undistributed Corporate Profits by Industry
Undistributed Corporate Profits by Industry
Undistributed Corporate Profits by Industry
Corporate Capital Consumption Allowances by Industry
Corporate Capital Consumption Allowances by Industry
Corporate Capital Consumption Allowances by Industry
Corporate Capital Consumption Allowances by Industry
7. Supplemental Tables
7.1*
7.2.1 A
7.2.1B*
7.2.3A
7.2.3B*
7.2.4A
7.2.4B*
7.2.5A
7.2.5B*
7.2.6B*
7.3.5
7.3.6
7.4.5
7.4.6
7.5
7.6
7.7
7.8
7.9
7.10
7.11
7.12
7.1*
7.2.1A
7.2.1 B*
7.2.3A
7.2.3B*
7.2.4A
7.2.4B*
7.2.5A
7.2.5B*
7.2.6B*
7.3.5
7.3.6
7.4.5
7.4.6
7.5
7.6
7.7
7.8
7.9
7.10
7.11
7.12
7.13
7.13
7.14
7.14
7.15
7.15
7.16
7.16
7.17
7.17 Relation of Monetary Interest Paid and Received in the National Income and Product Accounts
(NIPAs) to Corresponding Measures as Published by the Internal Revenue Service (IRS)
7.18 Relation of Wages and Salaries in the National Income and Product Accounts (NIPAs) to Wages and
Salaries as Published by the Bureau of Labor Statistics (BLS)...................................................... “Adjustment for thrift savings plans,” “adjustments for selected industries,"
and “other'’ adjustments combined into one series: “adjustment for
wages and salaries not covered or not fully covered by unemployment
insurance.” Detail shown for “government” and for “other.”
7.20 Comparison of Receipts and Outlays of Nonprofit Institutions Serving Households with Receipts and
Expenses as Published by the Internal Revenue Service (IRS)..................................................... “Nonprofit institution gross consumption expenditures” changed to “gross
output of nonprofit institutions.”
7.18
7.20
Selected Per Capita Product and Income Series in Current and Chained Dollars.............................. Includes new lines for PCE goods.
Percent Change from Preceding Period in Real Auto Output
Percent Change from Preceding Period in Real Motor Vehicle Output
Real Auto Output, Quantity Indexes
Real Motor Vehicle Output, Quantity Indexes
Price Indexes for Auto Output
Price Indexes for Motor Vehicle Output
Auto Output
Motor Vehicle Output
Real Motor Vehicle Output, Chained Dollars
Farm Sector Output, Gross Value Added, and Net Value Added
Real Farm Sector Output, Real Gross Value Added, and Real Net Value Added, Chained Dollars
Housing Sector Output, Gross Value Added, and Net Value Added
Real Housing Sector Output, Real Gross Value Added, and Real Net Value Added, Chained Dollars
Consumption of Fixed Capital by Legal Form of Organization and Type of Income
Capital Consumption Adjustment by Legal Form of Organization and Type of Adjustment
Current Business Transfer Payments by Type
Supplements to Wages and Salaries by Type
Rental Income of Persons by Legal Form of Organization and by Type of Income
Dividends Paid and Received by Sector
Interest Paid and Received by Sector and Legal Form of Organization
Imputations in the National Income and Product Accounts................................................................ “Space rent” renamed “imputed rental of owner-occupied housing.”
“Services furnished without payment by financial intermediaries except
life insurance carriers” renamed “financial services furnished without
payment.” “Contributions for government social insurance” renamed
“contributions for government social insurance, domestic”; see text.
Relation of Consumption of Fixed Capital in the National Income and Product Accounts (NIPAs) to
Depreciation and Amortization as Published by the Internal Revenue Service (IRS)...................... Corporate and nonfarm sole proprietors and partnerships “Accidental
damage to fixed capital other than repairable damage” will exclude
disaster losses, series renamed “Normal accidental damage to fixed
capital other than repairable damage.”
Relation of Nonfarm Proprietors’ Income in the National Income and Product Accounts (NIPAs) to
Corresponding Measures as Published by the Internal Revenue Service (IRS)............................. Includes new line for disaster adjustments.
Relation of Net Farm Income in the National Income and Product Accounts (NIPAs) to Net Farm
Income as Published by the U.S. Department of Agriculture (USDA)
Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts
(NIPAs) to Corresponding Measures as Published by the Internal Revenue Service (IRS)............. Includes new line for disaster adjustments.
See the footnote and note at the end of the table.
March 2009
Su r v e y
of
27
C u r r e n t B usin ess
Table 4. Changes to the NIPA Tables—Table Ends
Table number
Comments 1
Table title
New
Old
8. Seasonally Unadjusted Estimates
8.3
8.4
3.22 Federal Government Current Receipts and Expenditures, Not Seasonally Adjusted
3.23 State and Local Government Current Receipts and Expenditures, Not Seasonally Adjusted
Discontinued Tables
5.4.1A
5.4.2A
5.4.3A
5.4.4A
5.4.5A
5.4.6A
7.19
8.1
8.2
8.5
8.6
Percent Change From Preceding Period in Real Private Fixed Investment in Structures by Type........
Contributions to Percent Change in Real Private Fixed Investment in Structures by Type..................
Real Private Fixed Investment in Structures by Type, Quantity Indexes.............................................
Price Indexes for Private Fixed Investment in Structures by Type......................................................
Private Fixed Investment in Structures by Type.................................................................................
Real Private Fixed Investment in Structures by Type, Chained Dollars..............................................
Comparison of Personal Income in the National Income and Product Accounts (NIPAs) with Adjusted
Gross Income as Published by the Internal Revenue Service (IRS)..............................................
Gross Domestic Product, Not Seasonally Adjusted..........................................................................
Personal Consumption Expenditures by Major Type of Product, Not Seasonally Adjusted.................
Foreign Transactions in the National Income and Product Accounts, Not Seasonally Adjusted..........
Corporate Profits with Inventory Valuation Adjustment, Not Seasonally Adjusted..............................
* Indicates tables that are included in the “Selected NIPA tables,” published monthly in the
S u rvey o f C urren t
B u s in e s s .
1. For most tables, only major changes are identified.
N o t e . Except for tables 1.1.6A, 1.1.6B, 1.1.6C, and 1.1.6D, the reference year for the quantity indexes, price
indexes, and chained dollars will be updated from 2000 to 2005, and the line in the table header that identifies the
Continuous time series presented in table 5.4.1.
Continuous time series presented in table 5.4.2.
Continuous time series presented in table 5.4.3.
Continuous time series presented in table 5.4.4.
Continuous time series presented in table 5.4.5.
Continuous time series presented in table 5.4.6.
See text.
See text.
See text.
See text.
See text.
units used to present the estimates will be changed from “index numbers, 2000= 100” to “index numbers,
2005=100,” or from “chained (2000) dollars” to “chained (2005) dollars.”
GDP Gross domestic product
NIPAs National income and product accounts
PCE Personal consumption expenditures
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IN RESPONSE TO SENATE RESOLUTION NO. 220
(72D CONG.) A REPORT ON NATIONAL
INCOME, 1929-32
•Q Internet
This 1T34 Senate document presented the first national
income estimates
http://library.bea.gov
29
March 2009
■B EA B R IE F IN G ^ H H H H H H i
Future Directions for the Industry Accounts
By Brian C. Moyer
VER the past decade, the Bureau of Economic
Analysis (BEA) has improved its industry ac
counts in various ways to provide a more useful and
accurate view of the economy. These improvements in
clude providing more complete industry coverage, ac
celerating the release of the annual input-output (I-O)
accounts and the gross domestic product (GDP) by in
dustry accounts, and providing new supplemental, or
“satellite,” accounts that offer detailed information on
specific industries.
BEA is now formulating plans for additional im
provements to the industry accounts. This BEA Brief
ing provides an overview of these improvements.
These proposed changes will move the industry ac
counts in new directions and will substantially
broaden their scope and uses. For example, BEA is
considering preparing quarterly GDP by industry sta
tistics that would be released shortly after the quarterly
GDP estimates from the national income and product
O
Chart 1. Improving the Industry Accounts
U.S. Bureau of Economic Analysis
accounts (NIPAs), also referred to as the GDP ac
counts. These new industry statistics would offer a by
industry breakout of quarterly GDP growth and would
provide— for the first time— a means for gauging cur
rent-period industry performance.
Chart 1 shows how the proposed improvements dis
cussed in this article will fit into BEA’s broader set of
industry and national economic statistics. Also, see the
box “Industry Accounts Overview.”
As part of its planning, BEA would like input from
users. Do the improvements described in this article
meet your needs? Are there modifications to these im
provements that would make the accounts more use
ful? Are there other improvements that you would like
to see? The answers to these questions— along with
feedback from other stakeholders, such as source data
providers— will help set the future direction and re
search agenda for the industry accounts. E-mail all
comments to industryeconomicaccounts@bea.gov.
30
Future Directions for the Industry Accounts
Further integration of the industry accounts
In the spring of 2004, BEA released its comprehensive
revision of the annual industry accounts.1 The center
piece of this revision was the integration of the annual
1 -0 accounts with the GDP by industry accounts. For
the first time, these two sets of accounts provided con
sistent measures of gross output, intermediate inputs,
and value added by industry. Integration was achieved
by combining source data from both sets of accounts
and weighting these data together based on relative
March 2009
quality factors.2 The result was a fully consistent and
more accurate set of annual industry statistics.
BEA is now proposing to take the next step in inte
grating the industry accounts: the integration of the
annual industry accounts with the benchmark 1-0 ac
counts.3
The benchmark 1-0 accounts are prepared at
2. See Brian C. Moyer, Mark A. Planting, Mahnaz Fahim-Nader, and
Sherlene K. S . Lum, “Preview of the Comprehensive Revision of the Annual
Industry Accounts: Integrating the Annual Input-Output Accounts and
Gross-Domestic-Product-by-Industry Accounts,” S u r v e y 84 (March 2004):
38-51.
3. Initial work on reconciling gross operating surplus by industry is
1. See Brian C . Moyer, Mark A. Planting, Paul V. Kern, and Abigail M. described in Dylan G. Rassier, Thomas F. Howells III, Edward T. Morgan,
Kish, “Improved Annual Industry Accounts for 1998-2003: Integrated
Nicholas R. Empey, and Conrad E. Roesch, “Integrating the 2002 Bench
Annual Input-Output Accounts and Gross-Domestic-Product-by-Industry
mark Input-Output Accounts and the 2002 Annual Industry Accounts,”
Accounts,” S u r v e y o f C u r r e n t B u s i n e s s 84 (June 2004): 21-57.
S u r v e y 87 (December 2007): 14-22.
Industry Accounts Overview
The industry accounts provide information on the
detailed industries that make up the U.S. economy. They
consist of the annual industry accounts, the benchmark
input-output accounts, and related satellite accounts.
provide inputs to, and use outputs from, each other to
produce GDP. The annual 1-0 accounts show detail sta
tistics for approximately 65 industries and commodities.
Annual industry accounts
The annual industry accounts for the United States con
sist of the integrated gross domestic product (GDP) by
industry accounts and the annual input-output (I-O)
accounts. These accounts provide detailed, consistent
information on the changing structure of the U.S. econ
omy. By tracking the detailed flows of goods and services
in the economy, these accounts show the contributions of
private industries and government to GDP, the featured
and most comprehensive measure of U.S. production.
GDP by industry accounts. These accounts provide
annual measures of current-dollar and inflation-adjusted
value added, an industry’s contribution to GDP. Value
added is measured as an industry’s gross output (sales or
receipts and other operating income, commodity taxes,
and inventory change) minus the intermediate inputs
that are used in the production process (energy, raw
materials, semifinished goods, and purchased services).
BEA prepares statistics on each industry’s gross output
and intermediate inputs and on the composition of the
income earned in producing that output (for example,
employee compensation, business taxes, and corporate
profits). This information provides the basis for compar
ing the performance of industries and for identifying
each industry’s contribution to U.S. economic growth.
Annual 1-0 accounts. The annual 1-0 accounts pro
vide detailed information on the flows of goods and ser
vices that make up the production processes of
industries. They show how industries interact as they
The benchmark 1-0 accounts provide the most compre
hensive information available on the flows of goods and
services to industries for use in production and to final
consumers in the economy. These accounts are prepared
at roughly 5-year intervals and are based on detailed data
from the economic censuses. Detailed statistics are pub
lished for nearly 500 industries. At the heart of these
accounts are two basic national accounting tables. The
“make” table shows the detailed commodities that are
produced by industries. The “use” table shows the
detailed commodities that are used by industries (for
example, steel) and those that are purchased by final con
sumers (for example, automobiles).
Benchmark 1-0 accounts
Satellite accounts
These accounts are supplemental accounts that provide
detailed statistics about specific industries. The travel and
tourism satellite accounts offers detailed information
about output and employment for the travel and tourism
industries and related industries. The research and devel
opment (R&D) satellite account provides detailed infor
mation about R&D in selected industries. It also shows
how GDP would be affected if spending on R&D were
treated as investment. BEA is currently exploring other
satellite accounts, notably a more inclusive “innovation”
account that would focus on investment in intangible
activity, a health care account, and an energy account.
For more information about the industry accounts,
please visit www.bea.gov/industry/index.htm.
March 2009
Su r v e y
of
C u r r e n t B usin ess
roughly 5-year intervals using detailed data from the
economic censuses. These accounts are used to bench
mark the NIPAs and the annual industry accounts.4
Traditionally, the benchmark 1-0 accounts have been
released before NIPA comprehensive revisions and
have not been fully consistent with the NIPAs or with
the annual industry accounts. The proposed integra
tion would eliminate this inconsistency.
• The benchmark 1-0 accounts would continue to be
used to benchmark the NIPAs and the annual
industry accounts.
• The benchmark 1-0 accounts, beginning with the
release of the 2007 accounts, would be made consis
tent with the NIPAs and with the annual industry
accounts. Consistency would be achieved through
better coordination and timing and through a care
ful evaluation of the source data used to prepare
each set of accounts.
• The benchmark 1-0 accounts going forward would
be revised to reflect revisions to the NIPAs and to
the annual industry accounts. They would also be
revised to reflect the release of subsequent years’
benchmark 1-0 accounts. In this way, the bench
mark 1 -0 accounts would take on a time-series
dimension.
The enhanced integration will allow users of BEA’s
accounts to seamlessly walk across the benchmark 1-0
accounts, the NIPAs, and the annual industry ac
counts. For example, a user interested in a particular
component of consumer spending in the NIPAs could
easily access more detailed information on that com
ponent in the benchmark 1-0 accounts. In addition,
this improvement would allow users to compare differ
ent sets of benchmark 1-0 accounts over time. A cost
of implementing this change would be a slight delay in
the release of the benchmark 1-0 accounts; rather than
being released shortly before NIPA comprehensive re
visions, the benchmark 1-0 accounts would be re
leased shortly after NIPA comprehensive revisions.
Quarterly GDP by industry
The GDP by industry accounts provide a by-industry
breakout of inflation-adjusted GDP growth and
growth in GDP prices. They offer a valuable tool for
gauging industry performance and for identifying in
dustry sources of growth. These accounts are often
used to show the impact of a particular sector— for ex-
31
ample, the finance sector— on overall economic
growth and inflation.
In 2003, BEA developed a method for accelerating
the release of its annual GDP by industry statistics.5
The “advance” GDP by industry statistics are now re
leased each April and provide annual data for the pre
vious year. Previously, the statistics were released in
November.
The logical next step, which BEA has proposed,
would be to develop quarterly measures of GDP by in
dustry that would be released shortly after the quar
terly GDP estimates from the NIPAs. For the first time,
users of BEA’s accounts would have both a traditional
breakout of GDP growth (consumer spending, invest
ment, government spending, and net exports) and industry-by-industry
contributions
to
economic
growth.6 Such statistics would provide a new tool for
analysts and policymakers who need to gauge currentperiod industry performance.
The methodology used to prepare the new quarterly
GDP by industry statistics can be described in three
broad steps.
• Quarterly statistics would be benchmarked to the
most recent set of annual industry accounts. By
industry extrapolations would be based on a variety
of source data, including income by industry data
from the NIPAs; receipts, shipments, and sales data
from the Census Bureau; and wage and salary data
from the Bureau of Labor Statistics.
• The extrapolated data would then be balanced in an
1 -0 framework. Balancing ensures that industry
output, inputs, value added, and final uses are all
brought into alignment. This step is particularly
important because it imposes interindustry rela
tionships that improve the accuracy of the statis
tics.7
• Inflation-adjusted measures of quarterly GDP by
industry would be estimated using the “double
deflation” procedure.8
BEA has proposed releasing the new quarterly GDP
by industry statistics beginning in 2011. In anticipa
tion of this release, BEA intends to publish a series of
papers describing the new statistics and explaining the
methodology. The first of these papers is tentatively
scheduled to appear in the fall of 2009.
5. See Robert E. Yuskavage and Erich H. Strassner, “Gross Domestic
Product by Industry for 2002,” S u r v e y 83 (May 2003): 7-14.
6. The all-industries inflation-adjusted growth rate would differ from the
inflation-adjusted GDP growth rate by a “not allocated by industry” com
ponent.
7. Currently, the advance GDP by industry statistics are not prepared in a
4. In particular, the benchmark 1-0 accounts provide information on the
amount of a commodity that is consumed by businesses (included in inter
balanced 1-0 framework.
8. Under the double-deflation procedure, which is recommended by 1-0
mediate inputs) versus the amount consumed by final users (included in
standards organizations, separate estimates of inflation-adjusted output
GDP). The benchmark 1-0 accounts are also used to fully or partially
and inflation-adjusted inputs are used to estimate inflation-adjusted value
benchmark other accounts within BEA— for example, the travel and tour
added.
ism satellite accounts and the regional input-output modeling system.
32
Future Directions for the Industry Accounts
Improved consistency, annual 1-0 accounts
and the NIPAs
As a result of the 2004 integration of the annual indus
try accounts, BEA is now able to compare detailed sta
tistics from the annual 1 -0 accounts with
corresponding statistics from the NIPAs. This has led
to a variety of research opportunities. BEA has pro
posed a long-term initiative within its industry and na
tional accounts programs to research the source data
and methodologies used to prepare major portions of
the annual 1 -0 accounts and the NIPAs. This initiative
would improve the consistency between the two sets of
accounts and would improve the quality of both sets of
accounts.
While the annual 1-0 accounts and the NIPAs are
fully consistent at the publication level, in many cases,
the underlying estimation processes are significantly
different. Consider consumer spending; while the
measures in the annual 1-0 accounts and NIPAs are
conceptually equivalent, each uses its own data sources
and methodology. The industry accounts’ “commodity
flow method” uses data on the domestic supply of
goods and services, while the NIPAs’ “retail control
method” uses data on the merchandise sales of various
retail trade establishments. Both methods have their
strengths and weaknesses. Consistency at the publica
tion level is achieved by adjusting the commodity flow
statistics in the annual 1-0 accounts to match NIPA re
tail control statistics. Part of BEA’s proposed research
initiative would involve a detailed analysis of the com
modity flow and retail control methods to determine
the highest value information in each and how this in
formation could be used to improve both the annual
1 -0 accounts and the NIPAs.
Other improvements
BEA has proposed to work closely with outside groups
and other federal agencies to improve its industry ac
counts.
• Energy satellite account. BEA has proposed an I-Obased energy satellite account that would provide
March 2009
information on the supply, consumption, and
prices of energy-related products in the U.S. econ
omy. This satellite account would draw heavily on
the detailed data available from the Energy Infor
mation Administration. It would provide users with
a set of metrics for discussing energy trends and for
developing forecast models to study energy supply
and consumption dynamics.
• Industry-level production account. BEA would
work closely with the Bureau of Labor Statistics
(BLS) to develop the methods and integrated data
sources needed to prepare an industry-level produc
tion account.9 This would involve an update of
KLEMS statistics and further work to reconcile the
measures of industry output between the BEA
industry accounts and BLS productivity accounts.10
The development of an industry-level production
account would represent a major step toward a full
set of integrated U.S. economic accounts.
• Improved measures of the knowledge economy.
BEA would work with the National Science Founda
tion, the Census Bureau, and other groups to
develop improved source data and concepts for
measuring intangibles and innovation in the core
set of industry accounts and in supplemental satel
lite accounts.11
The improvements outlined above will improve the
industry accounts, providing better tools to gauge U.S.
industry performance. As BEA develops more detailed
plans and a more detailed research agenda, it will pro
vide more information.
9. Initial work by BEA and BLS on developing an integrated production
account is discussed in Michael J. Harper, Brent R. Moulton, Steven
Rosenthal, and David B. Wasshausen, “Integrated GDP-Productivity
Accounts” (paper presented at the 2009 American Economic Association
Annual Meeting in San Francisco, California, January 4, 2009).
10. For information on the BEA KLEMS statistics, see Erich H. Strassner,
Gabriel W. Medeiros, and George M. Smith, “Annual Industry Accounts:
Introducing KLEMS Input Estimates for 1997-2003,” S u r v e y 85 (September
2005): 31-65.
11. See Ana M. Aizcorbe, Carol E. Moylan, and Carol A. Robbins, “BEA
Briefing: Toward Better Measurement of Innovation and Intangibles,” S u r
v e y 89 (January 2009): 10-23.
D-1
March 2009
BEA Current and Historical Data
A selection of estimates from the national, industry, international, and regional accounts of the Bureau of Economic
Analysis (BEA) are presented in this section. BEA’s estimates are not copyrighted and may be reprinted without BEA’s
permission. Citing the S u r v e y o f C u r r e n t B u s i n e s s and BEA as the source is appreciated.
More detailed estimates from BEA’s accounts are available on BEA’s Web site at www.bea.gov. These estimates are
available in a variety of formats. In addition, news releases, articles, and other information, including methodologies
and working papers, are available.
The tables present annual [A], quarterly [Q], and monthly [M] data.
National Data
A. Selected NIPA tables [A,Q]
1. Domestic product and income..............................D-2
2. Personal income and outlays..................................D-18
3. Government current receipts and expenditures ...D-21
4. Foreign transactions...............................................D-3 3
5. Saving and investment............................................ D-3 7
6. Income and employment by industry.................. D-42
7. Supplemental tables................................................ D-4 3
G. Investment tables [A]
G.l U.S. international investment position.............. D-64
G.2 USDIA: Selected items......................................... D-65
G.3 Selected financial and operating data of foreign
affiliates of U.S. companies............................D-66
G.4 FDIUS: Selected items......................................... D-67
G.5 Selected financial and operating data of U.S.
affiliates of foreign companies.......................D-68
H. Charts
B. NIPA-related table
The United States in the international economy..... D-69
B.l Personal income and its disposition [A, M ]...... D-46
C. Historical measures [A, Q]
C.l GDP and other major NIPA aggregates............. D-47
D. Charts
Selected NIPA series................................................... D-51
Industry Data
Regional Data
I. State and regional tables
1.1 Personal income [Q]............................................. D-70
1.2 Personal income and per capita
personal income [A].......................................... D-71
1.3 Disposable personal income and per capita
disposable personal income [A].......................D-72
1.4 Gross domestic product by state [A]................... D-73
E. Industry table
E.l Value added by industry [A]................................D-57
International Data
F. Transactions tables
F.l U.S. international transactions in goods
and services [A, M]............................................D-58
F.2 U.S. international transactions [A, Q ]................ D-59
F.3 U.S. international transactions by area [Q]........ D-60
F.4 Private services transactions [A]..........................D-63
J. Local area tables
J. 1 Personal income and per capita personal income
by metropolitan area [A]...................................D—74
J.2 Gross domestic product by metropolitan area
for industries [A]............................................... D-79
K. Charts
Selected regional estimates......................................... D-83
Appendixes
A. Additional information about the NIPA estimates
Statistical conventions........... .................................... D-85
Reconciliation table [A, Q ]........................................D-86
B. Suggested reading............................................... D-87
D-2
March 2009
National Data
A. Selected NIPA Tables
The selected set of NIPA tables presents the most recent estimates of gross domestic product (GDP) and its
components, which were released on February 27, 2009. These estimates include the “preliminary” estimates for
the fourth quarter of 2008. Also included are revised estimates of wages and salaries and of affected income-side
series for the third quarter of 2008 and for 2008 annual totals.
The selected set presents quarterly estimates that are updated monthly. Annual estimates are presented in most
of the tables.
The GDP news release is available on BEA’s Web site within minutes after the release. To receive an e-mail noti
fication of the release, go to www.bea.gov and subscribe. The “Selected NIPA Tables” are available later that day.
1. Domestic Product and Income
Table 1.1.1. Percent Change From Preceding Period in Real
Gross Domestic Product
Table 1.1.2. Contributions to Percent Change in Real
Gross Domestic Product
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Seasonally adjusted at annual rates
Line
2008
I
II
III
IV
Gross domestic product . ..
1
2.0
1.1
-0.2
0.9
2.8
-0.5
-6.2
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services..................................
2
3
4
5
2.8
4.8
2.5
2.6
0.2
-4.3
- 0.6
1.5
1.0
0.4
0.3
1.4
0.9
-4.3
-0.4
2.4
1.2
- 2.8
3.9
0.7
-3.8
-14.8
-7.1
- 0.1
-4.3
- 22.1
-9.2
1.4
6
-5.4
-3.1
4.9
12.7
1.7
-17.9
-6.5
-4.9
1.7
11.5
-3.0
-20.7
-11.9
- 6.2
3.4
8.5
-5.8
-5.6
2.4
-11.5
-1.7
2.5
18.5
-5.0
-13.3
0.4
-5.3
-1.7
9.7
-7.5
-16.0
-20.8
-21.3
- 21.1
-5.9
-28.8
- 22.2
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software
Residential...........................
Change in private inventories...
Net exports of goods and
Exports....................................
Goods.................................
Services..............................
Imports
Goods
Services..............................
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
8
9
10
11
12
1.0
8.6
- 0.6
-27.0
-25.1
1H
14
15
16
17
18
19
8.4
7.5
10.5
2.2
1.7
4.4
6.2
5.8
6.9
-3.3
-4.1
0.8
4.4
5.1
2.7
-2.3
- 2.6
-0.9
20
21
22
2.1
2.9
1.6
6.0
2.5
23
24
- 0.2
2.3
7.2
3.6
0.8
-0.5
-0.9
0.4
1.2
1.6
5.1
4.5
6.4
- 0.8
- 2.0
5.5
1.9
5.8
7.3
2.9
-0.3
12.3
16.3
3.8
-7.3
-7.1
- 8.0
3.9
6.6
7.3
5.0
2.5
3.0
3.7
1.4
-3.5
-4.7
3.3
5.8
13.8
18.0
5.1
1.3
-23.6
-33.6
3.5
-16.0
-19.4
2.7
1.6
6.7
3.1
15.1
-1.4
2008
2007
IV
2008
I
II
III
IV
Percent change at annual rate:
Gross domestic product....
7
2007
1
2.0
1.1
-0.2
0.9
2.8
-0.5
-6.2
2
1.95
0.38
0.50
1.07
0.16
-0.33
-0.13
0.61
0.67
0.03
0.05
0.59
0.61
-0.33
-0.08
1.02
0.87
- 0.21
0.80
0.28
-2.75
-1.16
-1.57
-0.03
-3.01
-1.67
-1.95
0.61
-0.99
-0.75
0.18
0.40
- 0.22
-0.93
-0.24
-1.93
-0.97
0.36
0.29
0.07
-1.33
-0.96
-0.89
- 0.86
0.26
0.30
-0.04
- 1.12
- 0.02
-1.74
-0.25
0.27
0.64
-0.37
-0.52
-1.50
0.06
-0.79
-0.19
0.36
-0.55
-0.60
0.84
-3.11
-3.26
-2.48
-0.24
-2.24
-0.78
0.16
1.38
0.76
0.49
0.26
0.62
0.64
0.94
0.53
0.43
0.40
0.38
- 0.02
0.02
0.77
0.63
0.39
0.24
0.14
0.29
-0.15
2.93
1.54
1.39
0.15
1.39
1.14
0.25
1.05
0.40
0.34
0.06
0.65
0.74
-0.09
-0.46
-3.44
-3.58
0.14
2.99
3.06
-0.08
0.57
0.43
0.35
0.08
0.14
0.16
-0.04
-0.04
0.38
0.41
0.34
0.06
-0.03
0.78
0.47
0.36
1.14
0.97
0.85
0.11
0.12
0.31
0.17
0.32
0.50
0.16
0.34
-0.18
Percentage points at annual
rates:
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services..................................
3
4
5
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software
Residential...........................
Change in private inventories...
10
11
12
-0.90
-0.50
0.52
0.40
0.13
- 1.02
-0.40
Net exports of goods and
services..................................
Exports
Goods.................................
Services...............................
Imports
Goods..................................
Services..............................
13
14
15
16
17
18
19
0.58
0.95
0.59
0.36
-0.37
-0.25
- 0.12
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
6
7
8
9
20
21
22
23
24
0.40
0.11
0.12
0.00
0.28
0.10
0.01
0.19
March 2009
Su r v e y
of
D-3
C u r r e n t B u sin ess
Table 1.1.3. Real Gross Domestic Product, Quantity Indexes
Table 1.1.4. Price Indexes for Gross Domestic Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
Seasonally adjusted
2008
IV
I
II
Line
2 122.456 122.741 123.130 123.395 123.770 122.572 121.226
3 143.908 137.665 144.856 143.284 142.273 136.695 128.407
4 122.872 122.153 123.261 123.147 124.317 122.035 119.112
5 118.259 119.984 119.020 119.739 119.937 119.916 120.343
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software
Residential...........................
6 104.278
7 107.717
8 112.244
9 97.264
10 117.412
11 101.534
1?
Net exports of goods and
services..................................
Exports
Goods.................................
Services..............................
Imports
Goods.................................
Services..............................
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local........................
13
14
15
16
17
18
19
130.068
127.335
136.868
133.654
134.921
127.581
2008
IV
III
1 117.388 118.699 118.374 118.631 119.460 119.308 117.399
Gross domestic product . ..
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services.................................
2007
97.492
102.424
114.126
108.437
113.877
80.469
102.639
106.503
114.819
102.076
118.636
92.110
101.110
104.969
115.504
104.206
118.470
85.698
98.071
104.522
116.212
108.716
116.961
82.692
98.169 92.617
103.102 97.102
115.714 109.074
111.257 109.567
114.709 105.368
79.154 74.331
138.108
134.757
146.369
129.178
129.341
128.622
135.189
132.219
142.570
133.254
134.315
128.185
136.880
133.690
144.792
132.991
133.654
129.913
140.908
138.826
146.131
130.509
131.212
127.217
141.943
140.079
146.640
129.367
129.653
128.249
132.701
126.433
147.913
123.844
122.844
129.107
20 116.871 120.272 117.879 118.443 119.594 121.288 121.762
21 130.078 137.893 131.610 133.488 135.628 140.080 142.378
22 135.596 145.294 137.694 140.125 142.621 148.643 149.786
23 120.127 124.457 120.614 121.469 122.949 124.473 128.937
24 110.167 111.436 110.914 110.844 111.517 111.891 111.493
2007
2008
IV
I
II
III
1 119.819 122.495 120.826 121.613 121.951 123.134 123.284
Personal consumption
expenditures..........................
Durable goods........................
Nondurable goods...................
Services..................................
2 117.659 121.585 119.221 120.283 121.544 123.041 121.470
3 87.154 86.071
86.598 86.581
86.237 86.110 85.357
4 118.407 124.659 121.092 123.059 125.021 128.129 122.425
5 124.712 128.736 126.253 127.133 128.450 129.538 129.824
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software
Residential...........................
Change in private inventories...
10 94.870 95.487 94.798 94.700 95.101 95.710 96.439
11 138.884 135.571 138.803 137.900 136.687 135.535 132.161
1?
Net exports of goods and
services.................................
Exports
Goods.................................
Services..............................
Imports.
Goods.................................
Services
1S
14
15
16
17
18
19
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
6 117.735 118.459 117.960 117.815 117.926 118.510 119.588
7 117.995 118.723 118.189 118.117 118.353 119.037 119.384
8 108.739 110.512 109.015 109.177 109.788 110.913 112.171
9 157.662 163.288 159.138 160.182 161.496 164.285 167.188
116.586 122.891
115.062 121.321
120.211 126.623
120.168 132.724
118.326 131.425
129.928 139.252
118.794
117.085
122.855
124.907
123.378
132.874
121.397
119.916
124.932
128.722
127.427
135.377
124.560
123.456
127.211
137.136
136.387
140.740
126.592
125.137
130.082
140.189
139.607
142.873
23 126.636 129.869 126.886 128.986 129.868 130.465 130.158
24 134.671 142.213 137.649 139.866 142.632 144.540 141.813
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
2007
2008
2007
IV
Gross domestic product . ..
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services.................................
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software
Residential...........................
Change in private inventories...
Net exports of goods and
services.................................
Exports...................................
Goods.................................
Services..............................
Imports...................................
Goods.................................
Services..............................
Government consumption
expenditures and gross
investment..............................
Federal...................................
National defense..................
Nondefense.........................
State and local.........................
Line
2008
I
II
III
9,710.2 10,056.8
1,082.8 1,023.2
2,833.0 2,965.2
5,794.4 6,068.4
9,892.7 10,002.3 10,138.0 10,163.5
1,083.0 1,071.0 1,059.3 1,016.2
2,906.2 2,950.7 3,026.2 3,044.6
5,903.5 5,980.6 6,052.5 6,102.7
6 2,130.4 1,995.7 2,092.3 2,056.1
7
2,134.0
2,041.4
2,113.4
10
11
12
480.3
1,023.5
630.2
-3.6
554.7
998.9
487.9
-45.6
508.7
1,033.4
571.3
- 21.1
2,081.7
1,553.6
522.7
1,030.9
528.1
-25.6
13
14
15
16
17
18
19
-707.8
1,662.4
1,149.2
513.2
2,370.2
1,985.2
385.1
-670.8
1,860.8
1,283.1
577.7
2,531.6
2,115.7
416.0
-696.7
1,759.7
1,213.7
546.0
2,456.5
2,060.9
395.6
-705.7
1,820.8
1,256.9
563.9
2,526.5
2,118.0
408.5
8 1,503.8 1,553.5 1,542.1
9
317.1
1,695.5
337.0
1,811.0
319.0
1,744.6
326.6
1,771.6
Gross domestic product....
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services..................................
2,000.9
2,077.0
1,571.9
549.8
1,022.1
505.0
-76.0
2,010.9
2,060.6
1,581.2
572.4
1,008.8
479.4
-49.7
1,915.1
1,946.3
1,507.4
573.7
933.7
439.0
-31.3
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software...
Residential...........................
Change in private inventories...
-718.2
1,923.2
1,343.7
579.5
2,641.4
2,225.5
415.9
-707.7
1,968.9
1,374.3
594.6
2,676.6
2,251.0
425.6
-551.5
1,730.5
1,157.5
573.0
2,282.0
1,868.1
413.9
Net exports of goods and
services.................................
Exports...................................
Goods.................................
Services..............................
Imports.
Goods.................................
Services..............................
332.9
1,817.6
338.5
1,848.1
2008
349.9
1,806.8
2007
IV
9,923.5
946.3
2,839.3
6,137.9
20 2,674.8 2,882.8 2,742.9 2,798.1 2,873.7 2,946.1 2,913.2
21
998.3 1,026.5 1,056.1 1,098.0 1,106.4
979.3 1,071.8
22
662.2
734.8
679.3
699.9
723.3
759.5
756.6
23
24
2007
IV
1 13,807.5 14,264.6 14,031.2 14,150.8 14,294.5 14,412.8 14,200.3
2
3
4
5
119.013
116.774
124.269
124.851
122.280
138.019
20 132.941 139.230 135.174 137.237 139.588 141.107 138.986
21 130.076 134.289 131.070 132.879 134.553 135.447 134.277
22 131.874 136.574 133.237 134.905 136.967 138.004 136.419
Table 1.1.5. Gross Domestic Product
Line
IV
Gross domestic product....
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense........................
State and local.........................
Residual......................................
2008
I
II
III
IV
1 11,523.9 11,652.7 11,620.7 11,646.0 11,727.4 11,712.4 11,525.0
2 8,252.8 8,272.0 8,298.2 8,316.1
3
4
5
1,242.4
2,392.6
4,646.2
1,188.5
2,378.6
4,714.0
1,250.6
2,400.2
4,676.1
1,237.0
2,397.9
4,704.3
8,341.3
1,228.3
2,420.7
4,712.1
8,260.6
1,180.1
2,376.3
4,711.3
8,169.9
1,108.6
2,319.4
4,728.1
6 1,809.7 1,691.9 1,781.3 1,754.7 1,702.0 1,703.7 1,607.3
10
11
12
304.6
1,078.9
453.8
-2.5
339.6
1,046.4
359.6
-27.6
1,788.2
1,414.7
319.7
1,090.1
411.6
- 8.1
1,762.4
1,423.1
326.4
1,088.6
383.0
- 10.2
1,754.9
1,431.8
340.5
1,074.7
369.6
-50.6
1,731.1
1,425.7
348.4
1,054.0
353.7
-29.6
1,630.3
1,343.9
343.1
968.2
332.2
-19.9
13
14
15
16
17
18
19
-546.5
1,425.9
998.7
426.9
1,972.4
1,677.7
296.4
-392.3
1,514.1
1,057.0
456.6
1,906.4
1,608.3
298.8
-484.5
1,482.1
1,037.0
444.7
1,966.5
1,670.2
297.8
-462.0
1,500.6
1,048.6
451.7
1,962.6
1,662.0
301.8
-381.3
1,544.7
1,088.9
455.8
1,926.0
1,631.6
295.5
-353.1
1,556.1
1,098.7
457.4
1,909.1
1,612.2
297.9
-372.9
1,454.8
991.7
461.4
1,827.6
1,527.5
299.9
7
1,808.5
1,719.7
8 1,382.9 1,406.1
9
20 2,012.1 2,070.6 2,029.4 2,039.1 2,058.9 2,088.1 2,096.3
752.9
772.6
810.8
824.1
21
798.1
761.7
785.0
502.1
538.0
509.9
518.9
528.1
550.4
554.7
22
23
24
25
250.4
1,259.0
-55.1
259.5
1,273.5
-23.9
251.5
1,267.5
-62.1
253.2
1,266.7
-56.3
256.3
1,274.4
~44.3
259.5
1,278.7
-16.4
268.8
1,274.2
21.9
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is
the difference between the first line and the sum of the most detailed lines.
D-4
National Data
Table 1.1.7. Percent Change From Preceding Period in Prices for
Gross Domestic Product
March 2009
Table 1.1.8. Contributions to Percent Change in the
Gross Domestic Product Price Index
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2007
I
IV
Gross domestic product....
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services..................................
III
2.8
2.6
1.1
3.9
0.5
2
2.6
- 1.8
3.0
3.3
3.3
- 1.2
5.3
3.2
4.3
- 1.6
8.4
3.5
3.6
- 0.1
6.7
4.3
- 1.6
6.5
4.2
5.0
- 0.6
10.3
3.4
-5.0
-3.5
-16.7
0.9
1.4
1.4
1.4
3.8
0.3
1.5
0.6
1.3
-0.5
- 0.2
0.4
3.7
0.6
2.3
3.3
1.7
-3.5
2.0
2.3
4.2
7.1
Net exports of goods and
services.................................
Exports....................................
Goods..................................
Services..............................
Imports....................................
Goods.................................
Services..............................
VA
14
15
16
17
18
19
6
7
8
9
20
21
22
23
24
25
3.5
3.5
3.5
3.7
3.6
3.7
4.5
3.4
3.5
3.1
5.1
0.6
1.6
1.2
1.7
4.5
0.4
3.6
0.7
-2.4
0.0
5.4
5.4
5.3
10.4
6.2
6.0
6.6
12.8
11.1
14.5
4.5
7.2
4.7
3.2
3.6
2.6
5.1
2.3
3.1
0.5
5.6
6.8
2.7
-0.4
- 2.6
9.1
10.8
10.0
12.3
7.5
28.8
31.2
16.8
6.9
12.8
13.8
7.8
6.2
5.6
5.1
7.0
5.1
6.3
6.8
6.6
2.8
8.1
2.6
2.8
2.7
0.8
2.6
-3.3
6.7
5.6
9.3
9.2
9.8
6.2
4.4
2.7
3.1
1.9
5.5
1.1
2007
1.2
4.6
7.3
3.1
-9.6
-21.9
-24.2
-16.7
-37.1
-41.1
-12.9
-5.9
-3.4
-4.5
-0.9
-7.3
3.9
2008
I
II
III
IV
Percent change at annual rate:
Gross domestic product....
2.8
2008
IV
2.2
3
4
5
2007
IV
2.7
10
11
1?
Addendum:
Gross national product............
II
Line
1
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software
Residential...........................
Change in private inventories...
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
Seasonally adjusted at annual rates
2008
1
2.7
2.2
2.8
2.6
1.1
3.9
0.5
2
3
4
5
1.83
-0.15
0.61
1.36
2.34
- 0.10
1.08
1.35
2.99
- 0.12
2.53
- 0.01
1.35
1.18
2.96
- 0.12
1.33
1.75
3.52
-0.04
-3.61
-0.24
-3.75
0.38
6
0.23
0.22
8
0.15
0.13
0.21
0.19
0.19
0.16
0.03
-0.07
-0.04
0.07
0.05
7
0.10
0.12
0.12
0.28
0.34
0.45
0.27
0.18
0.50
0.16
0.49
0.28
0.08
0.09
0.09
0.18
0.13
0.05
-0.09
0.01
0.00
-0.13
-0.06
- 0.12
-0.05
-0.32
0.33
-0.21
0.41
0.28
-1.11
0.67
0.47
-3.26
1.36
1.06
0.29
-4.61
-4.16
-0.45
-0.75
0.84
0.27
-2.13
-1.92
- 0.21
4.85
-3.19
-2.44
-0.75
8.03
7.63
0.41
1.20
0.40
0.25
0.15
0.80
1.36
0.37
0.30
0.06
0.99
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...
10
11
12
Net exports of goods and
services.................................
Exports....................................
Goods.................................
Services..............................
Imports....................................
Goods.................................
Services...............................
13
14
15
16
17
18
19
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
9
20
21
22
23
24
0.02
1.66
1.44
0.00
0.02
-1.34
0.75
0.51
0.25
-2.09
-1.97
- 0.12
0.12
0.20
-0.62
-0.52
- 0.10
-1.78
-1.58
- 0.20
0.85
0.24
0.17
0.07
0.61
0.92
0.23
0.17
0.06
0.98
0.16
0.15
0.68
0.82
0.01
-0.03
- 0.10
-0.04
-1.02
1.11
0.12
0.25
2.11
1.45
0.88
0.52
0.37
-1.63
-1.46
-0.18
0.89
0.20
0.16
0.04
0.69
Table 1.1.9. Implicit Price Deflators for Gross Domestic Product
Table 1.1.10. Percentage Shares of Gross Domestic Product
[Index numbers, 2000=100]
[Percent]
Seasonally adjusted
2007
Line
Line
2007
2008
2007
IV
Gross domestic product....
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services..................................
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software
Residential...........................
Change in private inventories...
Net exports of goods and
services..................................
Exports....................................
Goods..................................
Services..............................
Imports....................................
Goods..................................
Services.............................
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
Addendum:
Gross national product............
I
II
IV
III
IV
2 117.659 121.577 119.215 120.277 121.539 123.036 121.465
86.093
124.663
128.733
86.600
121.085
126.248
86.584
123.053
127.128
86.240
125.014
128.445
86.113
128.123
129.532
85.360
122.418
129.818
6 117.718 117.956 117.462 117.174 117.564 118.032 119.144
7
117.995
118.708
118.188
118.116
118.352
119.035
119.383
8 108.740 110.484 109.010 109.173 109.784 110.909 112.167
9
10
11
1?
157.661
94.870
138.885
163.324
95.458
135.659
159.129
94.797
138.780
160.172
94.699
137.878
161.486
95.099
136.665
164.276 167.178
96.437
95.708
135.512 132.140
1M
14 116.585
15 115.062
16 120.210
17 120.168
18 118.326
19 129.929
122.905
121.395
126.537
132.799
131.545
139.222
118.735
117.035
122.771
124.915
123.392
132.861
121.337
119.864
124.847
128.730
127.441
135.364
124.498
123.403
127.124
137.144
136.403
140.727
126.528
125.083
129.992
140.198
139.623
142.859
118.953
116.724
124.184
124.858
122.294
138.007
20 132.940 139.225 135.159 137.223 139.573 141.092 138.971
21 130.077 134.291 131.057 132.867 134.540 135.435 134.264
22 131.874 136.573 133.217 134.885 136.946 137.983 136.398
23
24
126.636
134.671
25
119.813
129.875
142.206
126.883
137.638
128.984
139.854
129.865
142.619
130.463
144.527
120.737
121.495
121.876
123.037
130.156
141.801
Gross domestic product....
Personal consumption
expenditures..........................
Durable goods.........................
Nondurable goods...................
Services...................................
II
III
IV
100.0
100.0
100.0
70.9
7.4
70.5
7.1
69.9
6.7
21.2
21.1
20.0
42.3
42.3
43.2
14.5
14.7
14.0
14.5
14.0
14.3
13.5
13.7
11.0
11.0
11.0
10.6
3.6
7.4
4.1
3.7
7.3
3.7
- 0.2
4.0
7.0
3.3
-0.3
4.0
- 0.2
3.8
7.2
3.5
-0.5
-5.0
12.5
8.7
3.9
17.5
14.7
-5.0
13.5
9.4
4.1
18.5
15.6
2.9
-4.9
13.7
9.5
4.1
18.6
15.6
3.0
-3.9
2.8
-5.0
12.9
8.9
4.0
17.9
15.0
2.9
19.5
7.1
4.8
2.3
12.4
19.8
7.3
4.9
2.3
12.5
20.1
7.4
5.1
2.3
12.7
20.4
7.6
5.3
2.3
20.5
7.8
5.3
2.5
12.7
100.0
100.0
100.0
100.0
2
70.3
7.8
20.5
42.0
70.5
7.2
70.5
7.7
20.7
42.1
70.7
7.6
20.9
42.3
15.4
15.5
10.9
3.5
7.4
4.6
14.0
14.3
10.9
3.9
7.0
3.4
-0.3
14.9
15.1
11.0
20.8
42.5
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software...
Residential...........................
Change in private inventories...
10
11
12
Net exports of goods and
services.................................
Exports...................................
Goods..................................
Services...............................
Imports....................................
Goods..................................
Services...............................
13
14
15
16
17
18
19
-5.1
2.8
-4.7
13.0
9.0
4.1
17.7
14.8
2.9
20
21
22
19.4
7.1
4.8
2.3
12.3
20.2
7.5
5.2
2.4
12.7
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Nondefense.........................
State and local.........................
2008
I
1
3
4
5
6
7
8
9
23
24
0.0
12.0
8.3
3.7
17.2
14.4
-1.24
-0.27
-0.24
- 0.02
-0.97
2008
2008
1 119.816 122.415 120.743 121.508 121.890 123.056 123.213
3 87.154
4 118.408
5 124.712
2007
0.21
12.8
6.6
3.1
- 0.2
12.2
8.2
4.0
16.1
13.2
2.9
March 2009
Su r v e y
D-5
C u r r e n t B usin ess
of
Table 1.2.1. Percent Change From Preceding Period in Real
Gross Domestic Product by Major Type of Product
Table 1.2.2. Contributions to Percent Change in Real
Gross Domestic Product by Major Type of Product
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Gross domestic product......
Final sales of domestic
product...........................
Change in private
2008
I
II
Line
III
IV
1
2.0
1.1
- 0.2
0.9
2.8
-0.5
- 6.2
2.4
1.4
0.8
0.9
4.4
-1.3
-6.4
3.1
4.5
1.0
1.8
0.0
0.9
4.9
3.2
1.0
10.1
-4.2
-6.7
-19.2
-19.5
H
Goods............................................
Final sales..............................
Change in private inventories
Durable goods............................
Final sales..............................
Change in private inventories 1
Nondurable goods......................
Final sales..............................
Change in private inventories 1
10
11
1?
2.3
3.4
Services 2......................................
13
2.8
2.2
1.3
2.7
1.7
1.5
1.7
Structures.....................................
14
-5.0
-5.0
-9.3
- 10.1
3.3
- 1.0
-11.4
Addenda:
Motor vehicle output...................
Gross domestic product
excluding motor vehicle output
Final sales of computers 3..........
Gross domestic product
excluding final sales of
computers...............................
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers..............................
8
4.2
5.9
1.1
5.8
7.3
0.7
0.9
-5.9
1.4
6.4
-5.4
-24.3
-22.7
0.7
-4.4
2.2
0.0
1.1
1.1
14.1
17.4
- 11.6
-7.7
-15.1
-17.0
1.3
q
15
- 1.1
-17.8
-25.7
-14.2
-33.8
7.3
-63.5
16
1/
2.1
1.7
18.7
0.7
23.7
1.3
4.0
28.4
-0.7
-1.7
-4.4
- 2.2
18
19
21.3
1.9
1.2
1.0
-0.3
8.2
0.8
-0.3
0.0
-1.3
2.7
-0.5
-0.3
-6.3
-1.4
2008
2007
IV
2
4
5
fi
I
2007
2008
I
II
III
IV
2.8
-0.5
- 6.2
-6.41
Percent change at annual rate:
Gross domestic product......
Percentage points at annual
rates:
Final sales of domestic
product............................
Change in private
inventories......................
1
2.0
1.1
- 0.2
0.9
2
2.43
1.36
0.79
0.89
4.32
-1.35
3
4
5
-0.40
-0.24
-0.96
- 0.02
0.84
0.16
0.31
0.55
-0.24
0.18
0.17
0.01
0.29
0.31
-1.50
1.49
2.98
-1.50
-0.80
-1.29
-2.13
0.84
0.82
-0.74
1.56
- 2.11
-1.39
-0.71
Goods...........................................
Final sales...............................
Change in private inventories
Durable goods............................
Final sales...............................
Change in private inventories '
Nondurable goods......................
Final sales...............................
Change in private inventories 1
10
11
12
0.97
1.37
-0.40
0.57
0.80
-0.23
0.40
0.57
-0.17
Services 2.....................................
13
1.61
1.31
0.79
1.62
1.02
0.87
-6.18
-6.34
0.16
-3.50
-3.22
-0.27
- 2.68
-3.11
0.43
1.04
Structures.....................................
14
-0.55
-0.50
-0.97
-1.03
0.32
-0.09
- 1.11
Addenda:
Motor vehicle output...................
Gross domestic product excluding
motor vehicle output...............
Final sales of computers 3..........
Gross domestic product excluding
final sales of computers..........
6
7
8
9
0.02
0.13
0.39
-0.26
0.97
-0.96
0.78
0.97
-0.19
-0.77
- 0.02
0.10
0.12
0.00
- 0.02
0.19
0.19
-0.77
0.00
0.20
- 1.00
2.29
2.79
-0.49
15
-0.03
-0.50
- 0.86
-0.41
- 1.01
0.16
-2.04
16
17
2.06
0.13
1.62
0.12
0.69
0.14
1.28
0.05
3.84
0.17
-0.67
- 0.01
-4.20
- 0.01
18
1.90
1.00
-0.31
0.82
2.66
-0.50
-6.24
-5.4
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard
Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification
System (NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard
Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification
System (NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
Table 1.2.3. Real Gross Domestic Product by Major Type of Product,
Quantity Indexes
Table 1.2.4. Price Indexes for Gross Domestic Product
by Major Type of Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Seasonally adjusted
Line
2007
2008
2007
IV
Gross domestic product......
Final sales of domestic
product...........................
Change in private
2008
I
II
Line
III
2007
2008
IV
1 117.388 118.699 118.374 118.631 119.460 119.308 117.399
2 118.062 119.664 119.133 119.397 120.679 120.273 118.307
2007
IV
Gross domestic product......
Final sales of domestic
product............................
Change in private
2008
I
II
III
IV
1 119.819 122.495 120.826 121.613 121.951 123.134 123.284
2 119.853 122.529 120.856 121.653 122.008 123.204 123.252
3
Goods...........................................
Final sales..............................
Change in private inventories
Durable goods...........................
Final sales..............................
Change in private inventories 1
Nondurable goods......................
Final sales..............................
Change in private inventories 1
4 121.819 123.003 123.877
5 123.980 126.164 126.345
fi
/ 123.215 124.777 127.148
8 126.764 128.196 130.498
q
10 121.079 121.956 121.691
11 122.064 124.801 123.382
1?
Services 2......................................
13 118.248 120.858 119.317 120.128 120.637 121.075 121.590
14 101.904 96.848 99.726 97.097 97.897 97.653 94.746
Structures....................................
Addenda:
Motor vehicle output...................
Gross domestic product
excluding motor vehicle output
Final sales of computers 3..........
Gross domestic product
excluding final sales of
computers..............................
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers..............................
15 113.904
124.165 125.657 124.327 117.863
126.661 129.733 127.497 120.766
127.375 125.460 127.422 118.853
130.779 131.235 129.429 121.342
122.025 126.129 122.284 117.384
123.725 128.779 126.215 120.483
93.669 110.163 106.030
95.654
97.343
75.651
16 117.488 119.445 118.620 119.009 120.173 119.967 118.631
17 278.889 331.165 310.796 317.000 337.452 336.042 334.165
18 116.612 117.786 117.510 117.751 118.531 118.382 116.480
19 117.129 116.721 117.389 117.388 117.301 116.900 115.295
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard
Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification
System (NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
101.528 101.688 100.206 101.245 102.747
101.485 101.675 100.257 101.327 102.532
Goods...........................................
Final sales...............................
Change in private inventories
Durable goods............................
Final sales...............................
Change in private inventories 1
Nondurable goods......................
Final sales...............................
Change in private inventories 1
4 101.692 101.472
5 101.662 101.448
fi
7 90.584 89.107
8 90.447 89.094
q
10 112.039 113.063
11 112.124 113.037
1?
Services2.....................................
13 126.792 131.410 128.542 129.814 131.357 132.626 131.845
14 145.862 148.193 147.015 147.227 147.509 148.667 149.368
Structures.....................................
Addenda:
Motor vehicle output...................
Gross domestic product
excluding motor vehicle output
Final sales of computers 3..........
Gross domestic product
excluding final sales of
computers..............................
15
96.738
94.264
89.828
89.712
89.625
89.522
88.743
88.703
88.924
88.935
89.135
89.218
112.458 112.983 110.919 112.791 115.558
112.504 113.075 111.074 112.954 115.046
96.322
95.413
94.710
94.312
92.620
16 120.718 123.572 121.778 122.625 122.998 124.232 124.434
17 29.500 24.811 27.141 26.310 25.177 24.327 23.428
18 121.184 124.049 122.275 123.102 123.482 124.715 124.898
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard
Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification
System (NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
D-6
National Data
March 2009
Table 1.2.5. Gross Domestic Product
by Major Type of Product
Table 1.2.6. Real Gross Domestic Product
by Major Type of Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
I
III
II
-76.0
4,337.1
4,413.1
-76.0
1,881.0
1,924.9
-43.9
2,456.1
2,488.2
-32.1
-49.7
-31.3
4,343.9
4,369.5
-25.6
1,928.7
1,935.9
-7.2
2,415.2
2,433.6
-18.4
4,333.6
4,383.3
-49.7
1,914.2
1,903.4
10.9
2,419.4
2,480.0
-60.5
4,170.0
4,201.3
-31.3
1,790.1
1,790.1
2,379.9
2,411.2
-31.2
8,616.5
- 21.1
4,329.4
4,350.5
- 21.1
1,929.7
1,935.8
- 6.1
2,399.7
2,414.6
-14.9
8,320.7
8,460.2
8,597.0
8,711.5
8,697.1
1,352.0
1,381.2
1,346.7
1,360.4
1,367.7
1,333.2
-3.6
-45.6
10
11
12
4,272.7
4,276.4
-3.6
1,885.4
1,895.6
- 10.2
2,387.3
2,380.8
6.5
4,296.2
4,341.8
-45.6
1,878.5
1,888.6
- 10.1
2,417.7
2,453.2
-35.6
Services 2.....................................
13
8,134.5
Structures.....................................
14
1,400.3
3
4
5
6
7
8
9
15
402.2
322.0
387.1
-25.6
368.5
330.4
2008
0.0
333.5
2007
2008
IV
2 13,811.2 14,310.2 14,052.3 14,176.4 14,370.5 14,462.5 14,231.6
Goods...........................................
Final sales..............................
Change in private inventories
Durable goods............................
Final sales..............................
Change in private inventories 1
Nondurable goods......................
Final sales..............................
Change in private inventories 1
2007
IV
1 13,807.5 14,264.6 14,031.2 14,150.8 14,294.5 14,412.8 14,200.3
Gross domestic product
Final sales of domestic
product...........................
Change in private
inventories......................
Addenda:
Motor vehicle output...................
Gross domestic product
excluding motor vehicle output
Final sales of computers 3..........
Gross domestic product
excluding final sales of
computers...............................
Seasonally adjusted at annual rates
Line
2008
255.7
16 13,405.3 13,942.6 13,644.1 13,782.3 13,964.1 14,079.3 13,944.6
17
90.4
93.3
90.8
92.3
94.0
90.4
86.6
18 13,717.1 14,173.8 13,937.9 14,058.6 14,200.5 14,322.4 14,113.7
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Indus
trial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
III
3
4
-2.5
3.0
-27.6
0.5
- 8.1
- 10.2
2.5
-50.6
- 0.8
-29.6
0.8
5
4,201.9
4,242.8
4,280.6
-27.6
2,108.0
2,119.5
- 8.2
2,146.4
2,170.9
-18.5
6,557.2
4,272.9
4,286.7
- 8.1
2,148.0
2,157.5
-5.2
2,141.7
2,146.3
-3.2
4,282.9
4,297.4
- 10.2
2,151.8
2,162.2
- 6.1
2,147.6
2,152.2
-4.3
4,334.3
4,401.6
-50.6
2,119.5
2,169.7
-36.1
2,219.8
2,240.2
-16.9
4,288.5
4,325.8
-29.6
2,152.6
2,139.9
9.3
2,152.2
2,195.6
-34.3
4,065.5
4,097.4
-19.9
2,007.9
2,006.2
14
-2.5
2,081.6
2,095.8
-8.7
2,131.0
2,123.3
5.3
6,415.6
6,473.6
6,517.6
6,545.3
6,569.0
6,597.0
15
16
960.0
-67.4
912.4
-80.6
939.5
-87.8
914.7
-90.3
922.2
-97.0
919.9
-87.0
892.6
-48.3
17
415.7
341.9
402.1
387.0
349.1
355.3
276.1
6 4,206.5
7
8
9
10
11
12
13
[Index numbers, 2000=100]
Seasonally adjusted at annual rates
2007
Gross domestic product....
Business 1..................................
Nonfarm 2................................
Farm........................................
Households and institutions....
Households.............................
Nonprofit institutions serving
households 3 .......................
General government4...............
Federal....................................
State and local.........................
Addendum:
Gross housing value added....
1
2
2.0
1.8
3.5
3.7
3.3
1.6
1.6
1.4
1.7
2.2
3.7
2.4
4.3
2.1
1.6
1.6
3.0
6.9
1.4
9.7
6
2.7
3.0
-1.9
2.3
8.2
5
1.8
0.6
7
2.2
3.0
8
9
1.3
0.7
10
1.6
2.1
3.7
1.4
1.1
1.0
- 1.0
2.8
-0.5
2.6
-10.7
-1.8
-1.9
7.1
-6.2
-8.4
-8.7
25.5
Gross domestic product....
Business 1.................................
Nonfarm 2 ................................
Farm.......................................
4.5
5.0
4.5
5.5
-0.1
-1.5
Households and institutions....
Households..............................
Nonprofit institutions serving
households 3........................
5.4
5.5
6.6
0.2
- 1.2
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
2008
2007
IV
0.9
2.8
2007
IV
0.7
0.9
-15.5
0.8
- 1.2
0.8
2.1
III
-0.2
1.1
0.8
2.0
3.7
II
-0.6
-0.7
2.0
3
4
11
Seasonally adjusted
Line
2008
I
IV
0.2
2,065.9
2,095.8
-18.5
1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Indus
trial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System
(NAICS).
2. Includes government consumption expenditures, which are for services (such as education and national defense)
produced by government. In current dollars, these services are valued at their cost of production.
3. Some components of final sales of computers include computer parts.
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights
of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line following
change in private inventories is the difference between gross domestic product and the sum of final sales of domestic product
and of change in private inventories; the residual line following structures is the difference between gross domestic product
and the sum of the detailed lines of goods, of services, and of structures.
[Percent]
2008
-19.9
-2.4
20 11,319.6 11,433.5 11,406.7 11,430.1 11,505.8 11,491.4 11,306.8
Table 1.3.3. Real Gross Value Added by Sector,
Quantity Indexes
2007
2.8
18 11,105.0 11,289.9 11,212.0 11,248.7 11,358.8 11,339.3 11,213.0
364.1
19
306.6
341.7
348.5
371.0
369.4
367.4
Table 1.3.1. Percent Change From Preceding Period
in Real Gross Value Added by Sector
Line
IV
2 11,523.4 11,679.8 11,628.0 11,653.7 11,778.8 11,739.2 11,547.3
Goods..........................................
Final sales..............................
Change in private inventories
Durable goods...........................
Final sales..............................
Change in private inventories1
Nondurable goods.....................
Final sales..............................
Change in private inventories 1
Services 2....................................
Addenda:
Motor vehicle output..................
Gross domestic product
excluding motor vehicle output
Final sales of computers 3...
Gross domestic product
excluding final sales of
computers..............................
II
1 11,523.9 11,652.7 11,620.7 11,646.0 11,727.4 11,712.4 11,525.0
Gross domestic product
Final sales of domestic
product...........................
Change in private
inventories.....................
Residual.............................
Structures....................................
Residual........................................
I
2008
I
II
III
IV
1 117.388 118.699 118.374 118.631 119.460 119.308 117.399
2 119.063 119.993 120.127 120.328 121.115 120.573 117.958
3 118.951 119.928 119.992 120.265 121.106 120.532 117.810
4 127.943 125.508 130.659 125.276 121.771 123.878 131.106
5 115.821 118.504 116.647 116.894 118.174 119.490 119.459
6 118.550 120.631 119.201 118.834 120.301 121.920 121.470
7
112.654
116.062
113.691
114.675
115.732
116.684
117.156
8 108.403 110.716 109.058 109.661 110.322 111.147 111.733
General government4...............
Federal....................................
State and local.........................
10 108.732 110.297 109.346 109.773 110.210 110.581 110.625
Addendum:
Gross housing value added
11 115.030 117.486 115.914 115.635 117.179 118.749 118.381
9 107.655
111.661
108.402
109.403
110.570
112.424
114.247
1. Equals gross domestic product excluding gross value added of households and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
March 2009
Su r v e y
D-7
C u r r e n t B u sin ess
of
Table 1.3.4. Price Indexes for Gross Value Added by Sector
Table 1.3.5. Gross Value Added by Sector
[Index numbers, 2000=100]
[Billions of dollars]
Seasonally adjusted
Line
2007
2008
2007
IV
Gross domestic product . ..
Business 1..................................
Nonfarm 2................................
Farm........................................
Households and institutions....
Households.............................
Nonprofit institutions serving
households 3 .......................
General government4...............
Federal....................................
State and local.........................
Addendum:
Gross housing value added.....
Seasonally adjusted at annual rates
Line
2008
I
1 119.819 122.495 120.826 121.613
2 116.631 118.816 117.437 118.051
3 116.321 118.524 117.008 117.637
4 149.982 150.173 162.934 162.072
II
2007
2008
2008
IV
121.951 123.134 123.284
118.251 119.505 119.455
117.860 119.226 119.372
159.800 149.255 129.564
Business 1.................................
Nonfarm 2 ...............................
Farm.......................................
5 126.083 130.431 127.999 129.363 129.987 130.735 131.640
Households and institutions....
Households..............................
Nonprofit institutions serving
households 3........................
6 120.862 125.120 122.770 124.126 124.831 125.332 126.191
7 132.840 137.294 134.758 136.128 136.640 137.722 138.687
8 136.547 141.248 138.142 139.658 140.764 141.853 142.717
I
II
III
IV
1 13,807.5 14,264.6 14,031.2 14,150.8 14,294.5 14,412.8 14,200.3
2 10,642.3 10,917.4 10,802.5 10,874.7 10,969.5 11,034.3 10,791.3
3 10,505.1 10,791.2 10,659.1 10,739.2 10,838.2 10,910.2 10,676.9
143.4
124.1
4
137.3
126.3
135.5
131.3
114.3
Gross domestic product....
6
1,582.0
882.1
1,674.5
929.2
1,617.4
900.9
1,638.1
908.1
1,664.0
924.5
1,692.2
940.7
1,703.5
943.7
7
699.9
745.2
716.5
730.0
739.5
751.5
759.8
5
8 1,583.2 1,672.7 1,611.3 1,638.0 1,661.0 1,686.3 1,705.5
10 134.010 139.063 136.102 137.167 138.343 139.758 140.982
General government4...............
Federal....................................
State and local.........................
10 1,099.0 1,156.8 1,122.4
502.4
1,135.6
511.1
1,149.9
520.7
1,165.6
529.3
1,176.2
11 121.146 125.508 123.054 124.357 125.104 125.781
Addendum:
Gross housing value added.....
11
1,142.1
1,164.3
1,186.3
1,192.1
9 142.629 146.492 143.022 145.621 146.562 146.879 146.905
126.788
1. Equals gross domestic product excluding gross value added of households and institutions and of general govern
ment.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
2007
IV
III
9
484.2
1,106.9
488.9
515.9
1,171.2
1,132.9
1. Equals gross domestic product excluding gross value added of households and institutions and of general govern
ment.
2. Equals gross domestic business value added excluding gross farm value added.
3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and
used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by
nonprofit institutions.
4. Equals compensation of general government employees plus general government consumption of fixed capital.
Table 1.3.6. Real Gross Value Added by Sector, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
IV
I
II
IV
III
Gross domestic product...........................................
1
11,523.9
11,652.7
11,620.7
11,646.0
11,727.4
11,712.4
11,525.0
Business 1..........................................................................
Nonfarm 2........................................................................
Farm................................................................................
2
9,128.2
9,034.5
91.5
9,199.5
9,108.7
89.8
9,209.7
9,113.6
93.5
9,225.2
9,134.3
89.6
9,285.5
9,198.2
87.1
9,243.9
9,154.6
88.6
9,043.5
8,947.8
93.8
Households and institutions............................................
Households.....................................................................
Nonprofit institutions serving households 3......................
5
1,251.7
729.9
523.9
1,280.7
742.7
539.8
1,260.6
733.9
528.7
1,263.3
731.6
533.3
1,277.1
740.6
538.2
1,291.3
750.6
542.7
1,291.0
747.8
544.8
3
4
6
7
8
General government4.......................................................
Federal............................................................................
State and local.................................................................
Residual...............................................................................
10
11
1,159.5
339.5
820.1
-15.5
1,184.2
352.1
831.9
-12.3
1,166.5
341.9
824.7
-15.6
1,172.9
345.0
827.9
-15.7
1,180.0
348.7
831.2
-16.6
1,188.8
354.5
834.0
- 12.6
1,195.1
360.3
834.4
-3.9
Addendum:
Gross housing value added.............................................
12
913.7
933.2
920.7
918.5
930.7
943.2
940.3
9
4.
Equals compensation of general government employees plus general
government consumption of fixed capital.
N o t e . Chained (2000) dollar series are calculated as the product of the chaintype quantity index and the 2000 current-dollar value of the corresponding
series, divided by 100. Because the formula for the chain-type quantity indexes
uses weights of more than one period, the corresponding chained-dollar esti
mates are usually not additive. The residual line is the difference between the
first line and the sum of the most detailed lines.
1. Equals gross domestic product excluding gross value added of households
and institutions and of general government.
2. Equals gross domestic business value added excluding gross farm value
added.
3. Equals compensation of employees of nonprofit institutions, the rental
value of nonresidential fixed assets owned and used by nonprofit institutions
serving households, and rental income of persons for tenant-occupied housing
owned by nonprofit institutions.
Table 1.4.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
I
IV
II
III
IV
Gross domestic product...................................................
Less: Exports of goods and services...................................
Plus: Imports of goods and services....................................
1
2
8.4
1.1
6.2
3
2.2
-3.3
- 0.2
4.4
-2.3
0.9
5.1
- 0.8
12.3
-7.3
-0.5
3.0
-3.5
- 6.2
-23.6
-16.0
Equals: Gross domestic purchases.................................
4
S
1.4
- 0.2
- 1.0
0.1
- 0.1
-1.5
-5.6
Equals: Final sales to domestic purchasers....................
6
1.8
0.0
- 0.1
0.1
1.3
-2.3
-5.7
Addendum:
Final sales of domestic product.......................................
7
2.4
1.4
0.8
0.9
4.4
-1.3
-6.4
2.0
2.8
D-8
National Data
March 2009
Table 1.4.3. Real Gross Domestic Product, Real Gross Domestic
Purchases, and Real Final Sales to Domestic Purchasers, Quantity Indexes
Table 1.4.4. Price Indexes for Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
Gross domestic product...........
Less: Exports of goods and
services..................................
Plus: Imports of goods and
services...................................
Equals: Gross domestic
purchases...............................
Less: Change in private
inventories..............................
Seasonally adjusted
2008
I
II
Line
III
2 130.068 138.108 135.189 136.880 140.908 141.943 132.701
129.178
133.254
132.991
130.509
129.367
2008
IV
1 117.388 118.699 118.374 118.631 119.460 119.308 117.399
3 133.654
2007
123.844
2007
2008
IV
Gross domestic product...........
Less: Exports of goods and
services..................................
Plus: Imports of goods and
services..................................
I
II
III
IV
1 119.819 122.495 120.826 121.613 121.951 123.134 123.284
2 116.586 122.891 118.794 121.397 124.560 126.592 119.013
3 120.168
132.724
124.907
128.722
137.136
140.189
124.851
121.766 122.821
124.103
125.475
124.174
5
Equals: Gross domestic
purchases..............................
Less: Change in private
inventories...............................
Equals: Final sales to domestic
purchasers.............................
6 118.995 118.981 119.427 119.461 119.853 119.173 117.439
Equals: Final sales to domestic
purchasers..............................
6 120.329 124.178 121.798 122.863 124.160 125.543 124.146
Addendum:
Final sales of domestic product
7 118.062
Addendum:
Final sales of domestic product
7 119.853
4 118.343
118.062
118.700
119.664 119.133
118.726 118.694
119.397
120.679
118.255
120.273
116.574
118.307
4 120.294 124.143
■S
122.529
120.856 121.653
122.008
123.204
123.252
Table 1.4.5. Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.4.6. Relation of Real Gross Domestic Product, Real Gross Domestic
Purchases, and Real Final Sales to Domestic Purchasers, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Gross domestic product...........
Less: Exports of goods and
services..................................
Plus: Imports of goods and
services...................................
Seasonally adjusted at annual rates
Line
2008
I
II
III
1,662.4
1,860.8
3
2,370.2
2,531.6
1,759.7
2,456.5
1,820.8
1,923.2
2,526.5
2,641.4
1,968.9
2,676.6
1,730.5
2,282.0
Equals: Gross domestic
purchases...............................
Less: Change in private
inventories...............................
5
Equals: Final sales to domestic
purchasers.............................
6 14,519.0 14,981.0 14,749.0 14,882.2 15,088.7 15,170.2 14,783.0
Addendum:
Final sales of domestic product
7 13,811.2 14,310.2 14,052.3 14,176.4 14,370.5 14,462.5 14,231.6
4 14,515.3 14,935.4 14,728.0 14,856.6 15,012.7 15,120.5 14,751.8
-3.6
-45.6
- 21.1
-25.6
-76.0
-49.7
2008
IV
1 13,807.5 14,264.6 14,031.2 14,150.8 14,294.5 14,412.8 14,200.3
2
2007
-31.3
2007
IV
Gross domestic product...........
Less: Exports of goods and
services..................................
Plus: Imports of goods and
services..................................
Equals: Gross domestic
purchases..............................
Less: Change in private
inventories..............................
Equals: Final sales to domestic
purchasers..............................
Addendum:
Final sales of domestic product
2008
I
II
III
IV
1 11,523.9 11,652.7 11,620.7 11,646.0 11,727.4 11,712.4 11,525.0
2
1,425.9
1,514.1
1,482.1
1,500.6
1,544.7
1,556.1
1,454.8
3
1,972.4
1,906.4
1,966.5
1,962.6
1,926.0
1,909.1
1,827.6
4 12,066.8 12,038.2 12,103.2 12,105.8 12,102.6 12,057.8 11,886.4
5
-2.5
-27.6
- 8.1
- 10.2
-50.6
-29.6
-19.9
6 12,066.0 12,064.7 12,109.8 12,113.3 12,153.0 12,084.1 11,908.3
7 11,523.4 11,679.8 11,628.0 11,653.7 11,778.8 11,739.2 11,547.3
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights
of more than one period, the corresponding chained-dollar estimates are usually not additive.
March
2009
Su r v e y
of
D-9
C u r r e n t B u sin ess
Table 1.5.1. Percent Change From Preceding Period in Real
Gross Domestic Product, Expanded Detail
Table 1.5.2. Contributions to Percent Change in Real
Gross Domestic Product, Expanded Detail
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Gross domestic product . ..
Personal consumption
expenditures..........................
Durable goods.........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other..................................
Nondurable goods...................
Food....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other..................................
Services.................................
Housing...............................
Household operation...........
Electricity and gas...........
Other household operation
Transportation......................
Medical care........................
Recreation...........................
Other..................................
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software...
Information processing
equipment and
software...................
Computers and
peripheral
equipment...........
Software 1 ...............
Other.......................
Industrial equipment....
Transportation
equipment...............
Other equipment.........
Residential...........................
Change in private inventories...
Farm...................................
2008
I
II
Line
III
IV
1
2.0
1.1
-0.2
0.9
2.8
-0.5
-6.2
Percent change at annual rate:
2.8
4.8
1.0
0.4
0.9
-4.3
-10.7
1.2
-4.3
- 2.8
-19.7
-3.8
-14.8
-26.6
- 22.1
-38.0
Percentage points at annual
rates:
14.0
2.4
3.9
4.1
10.9
- 8.2
-4.6
-7.1
-7.3
-13.3
- 8.6
-17.2
-9.2
-14.8
-9.5
Gross domestic product....
2.0
5
8.0
3.4
6
4.8
2.5
1.9
4.7
- 0.8
- 0.6
- 0.1
0.4
3
4
7
8
9
10
11
12
0.8
13
14
15
16
17
18
19
1.5
20
21
22
23
24
25
3.2
2.6
1.8
-4.4
0.3
1.5
0.9
-0.3
-2.3
- 0.8
3.9
-3.6
0.3
2.8
-3.2
-1.7
-1.5
1.4
1.2
1.8
-2.3
-0.4
1.3
3.0
- 6.0
- 1.8
2.4
0.5
-13.4
10.6
6.2
0.2
1.8
0.7
1.7
-4.3
7.4
- 11.0
- 0.1
0.7
- 8.2
-20.7
-7.9
1.4
0.4
7.1
14.2
2.3
-5.7
1.8
1.2
2.5
0.5
3.9
1.9
2.9
4.5
3.2
- 0.6
3.5
-0.7
1.5
- 0.8
4.0
-0.4
- 0.8
-5.4
-3.1
4.9
12.7
1.7
-6.5
-4.9
1.7
11.5
-3.0
-11.9
- 6.2
3.4
8.5
-5.8
-5.6
2.4
1.0
- 0.6
1.9
- 2.1
1.7
4.9
-4.7
4.1
8.6
1.0
2.1
-3.0
-2.3
2.5
-1.5
2.8
1.3
-0.3
-11.5
-1.7
2.5
18.5
-5.0
1.8
0.5
0.2
2.1
0.4
-5.3
-1.7
9.7
-7.5
-20.8
-21.3
- 21.1
-5.9
-28.8
8.0
-4.2
-23.9
16.1
9.9
13.0
0.2
0.8
13.0
-3.6
-22.4
-4A
5.3
- 8.8
-36.9
-16.5
-26.1
-15.7
-14.0
-12.5
-25.1
-46.6
-3.2
-13.3
-44.7
18.0
-16.0
-70.2
-22.7
- 22.2
26
9.6
4.7
10.5
7.2
2/
28
29
30
17.9
5.4
1.4
6.7
4.5
3.7
-4.3
19.3
9.9
7.3
-14.3
31
32
33
34
US
3R
- 12.6
-5.2
-17.9
-28.6
-1.4
-20.7
-15.2
6.3
-27.0
10.0
-6.4
2.1
Net exports of goods and
Exports....................................
Goods..................................
Services..............................
Imports....................................
Goods.................................
Services..............................
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Consumption expenditures
Gross investment.............
Nondefense.........................
Consumption expenditures
Gross investment.............
State and local.........................
Consumption expenditures
Gross investment.................
V
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
8.4
7.5
10.5
2.2
1.7
4.4
6.2
5.8
6.9
-3.3
-4A
0.8
2.1
2.9
1.6
6.0
2.5
7.2
6.3
13.6
3.6
3.0
2.6
1.6
- 0.2
- 0.2
0.2
2.3
2.0
3.7
8.0
1.2
1.3
0.5
4.4
5.1
2.7
-2.3
- 2.6
-0.9
5.1
4.5
6.4
- 0.8
- 2.0
5.5
0.8
-0.5
-0.9
-1.4
3.0
0.4
- 0.8
8.1
1.6
1.6
1.5
3.0
3.7
1.4
-3.5
-4.7
3.3
-23.6
-33.6
3.5
-16.0
-19.4
2.7
3.9
1.6
6.7
3.1
3.4
15.1
10.7
48.0
-1.4
2.9
2.9
7.3
3.4
38.7
5.0
4.0
2.8
11.8
-0.3
1.4
- 6.8
2.5
1.2
1.1
0.0
7.8
2.3
-6.7
6.0
1. Excludes software “embedded," or bundled, in computers and other equipment.
12.3
16.3
3.8
-7.3
-7.1
- 8.0
5.8
13.8
18.0
17.3
22.7
5.1
5.6
1.5
1.3
1.9
5.8
7.3
7.4
6.6
2008
2007
IV
2
0.2
-4.3
-13.3
2007
1.1
Personal consumption
expenditures..........................
Durable goods........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other....................................
Nondurable goods...................
Food....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other....................................
Services..................................
Housing................................
Household operation............
Electricity and gas...........
Other household operation
Transportation......................
Medical care........................
Recreation...........................
Other....................................
2008
II
I
IV
1
2.0
1.1
-0.2
0.9
2.8
-0.5
-6.2
2
1.95
0.38
0.07
0.16
-0.33
-0.42
0.67
0.03
-0.03
0.61
-0.33
-0.35
0.87
- 0.21
-0.64
-2.75
-1.16
-0.83
-3.01
-1.67
-1.13
0.24
0.08
0.50
0.18
0.13
0.10
0.11
- 0.01
-0.13
- 0.02
-0.06
0.05
0.27
-0.09
0.05
-0.04
-0.08
0.13
0.08
0.39
0.04
0.80
0.40
0.28
-0.25
-0.08
-1.57
-0.75
-0.38
-0.25
-0.30
-1.95
-1.53
-0.25
-0.05
-0.08
0.59
-0.18
- 0.10
-0.45
0.05
0.07
0.28
-0.44
0.61
0.04
0.27
3
4
5
6
7
8
9
0.01
0.02
-0.14
0.17
1.07
0.16
0.07
0.03
0.04
0.05
0.35
0.13
0.31
0.02
0.10
0.12
- 0.01
-0.04
0.03
- 0.02
0.42
- 0.02
0.15
0.09
0.01
0.11
- 0.20
0.33
0.28
0.18
-0.17
-0.19
0.08
- 0.02
0.48
- 0.01
-0.08
-0.05
0.04
0.59
-0.14
0.40
-0.08
0.35
0.04
-0.03
23
24
25
-0.90
-0.50
0.52
0.40
0.13
-0.99
-0.75
0.18
0.40
- 0.22
-1.93
-0.97
0.36
0.29
0.07
-0.89
- 0.86
0.26
0.30
-0.04
26
0.34
0.17
0.37
27
28
29
30
0.11
0.05
0.07
0.05
-0.06
31
32
33
34
35
36
-0.17
-0.07
- 1.02
-0.40
0.04
-0.44
-0.32
- 0.02
-0.93
-0.24
Net exports of goods and
services.................................
Exports....................................
Goods.................................
Services..............................
Imports....................................
Goods.................................
Services..............................
37
38
39
40
41
42
43
0.58
0.95
0.59
0.36
-0.37
-0.25
- 0.12
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Consumption expenditures
Gross investment.............
Nondefense.........................
Consumption expenditures
Gross investment.............
State and local.........................
Consumption expenditures...
Gross investment.................
44
45
46
47
48
49
50
51
52
53
54
0.40
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software...
Information processing
equipment and
software...................
Computers and
peripheral
equipment............
Software 1................
Other........................
Industrial equipment....
Transportation
equipment................
Other equipment..........
Residential...........................
Change in private inventories...
Farm....................................
Nonfarm..............................
III
10
11
12
13
14
15
16
17
18
19
20
21
22
0.61
1.02
0.02
0.01
-0.03
0.08
-0.33
-0.38
0.05
-0.06
0.31
-0.04
0.21
0.05
-0.15
0.23
0.02
0.01
0.21
-1.74
-0.25
0.27
0.64
-0.37
0.06
-0.79
-0.19
0.36
-0.55
-3.11
-3.26
-2.48
-0.24
-2.24
0.27
0.30
-0.16
-0.97
0.12
0.10
0.16
0.16
0.10
- 0.20
0.00
0.01
0.08
0.04
0.18
-0.05
-0.16
-0.08
0.08
- 0.12
-0.26
-0.29
-0.42
- 0.21
-0.18
0.08
-1.33
-0.96
0.47
-1.43
-0.16
-0.16
- 1.12
- 0.02
-0.17
0.15
-0.58
-0.04
-0.52
-1.50
-0.14
-1.36
-0.47
0.01
-0.76
-0.31
-0.78
0.16
0.05
0.83
0.10
1.38
0.76
0.49
0.26
0.62
0.64
0.94
0.53
0.43
- 0.02
0.02
0.77
0.63
0.39
0.24
0.14
0.29
-0.15
2.93
1.54
1.39
0.15
1.39
1.14
0.25
1.05
0.40
0.34
0.06
0.65
0.74
-0.09
-0.46
-3.44
-3.58
0.14
2.99
3.06
-0.08
0.57
0.43
0.35
0.27
0.08
0.08
0.06
0.16
-0.04
-0.04
-0.06
0.38
0.41
0.34
0.31
0.04
0.06
0.06
0.78
0.47
0.36
0.15
1.14
0.97
0.85
0.72
0.14
0.32
0.50
0.16
0.16
0.34
0.02
0.02
0.01
0.12
0.11
0.00
0.20
0.14
0.13
0.09
0.01
0.19
0.15
0.04
-0.03
0.14
-0.18
0.15
0.08
0.02
0.11
0.12
0.11
0.01
0.00
0.00
0.00
0.28
0.02
-0.26
0.10
0.40
0.38
0.02
0.01
- 0.02
1. Excludes software “embedded,” or bundled, in computers and other equipment.
0.21
0.11
0.08
0.03
0.31
0.20
-0.60
0.84
0.17
0.01
0.21
0.13
-0.18
0.12
0.11
0.00
0.19
0.06
-0.17
March 2009
National Data
D-10
Table 1.5.3. Real Gross Domestic Product, Expanded Detail, Quantity Indexes
Table 1.5.4. Price Indexes for Gross Domestic Product, Expanded Detail
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Seasonally adjusted
Line
2007
2008
2007
2008
I
IV
Gross domestic product ...
Personal consumption
expenditures..........................
Durable goods.........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other..................................
Nondurable goods...................
Food....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other..................................
Services..................................
Housing...............................
Household operation...........
Electricity and gas...........
Other household operation
Transportation......................
Medical care........................
Recreation...........................
Other..................................
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software
Information processing
equipment and
software...................
Computers and
peripheral
equipment...........
Software 1...............
Other.......................
Industrial equipment....
Transportation
equipment...............
Other equipment.........
Residential...........................
II
Line
III
1 117.388 118.699 118.374 118.631 119.460 119.308 117.399
2 122.456
3 143.908
4 115.582
122.741 123.130
137.665 144.856
100.183 114.513
123.395 123.770 122.572 121.226
143.284 142.273 136.695 128.407
97.517
86.542
111.313 105.357
5 189.830 196.349 193.857 194.714 201.210 196.934 192.537
6 139.314 138.177 140.796 139.967 140.804 139.174 132.763
7
8
9
122.872
120.038
138.677
122.153
119.902
139.210
123.261
120.924
138.806
123.147
121.315
139.821
124.317
122.534
143.488
122.035
120.232
138.462
119.112
115.527
135.068
10 103.438 98.930 102.901 101.329 99.664 96.137 98.591
11 128.976 129.337 129.094 128.514 130.448 130.525 127.859
12 118.259 119.984 119.020 119.739 119.937 119.916 120.343
13
14
15
16
17
18
19
20
116.420
107.959
105.447
109.760
102.731
129.317
124.880
115.218
117.484
107.609
103.037
111.059
102.154
133.787
123.969
116.920
116.839 116.978
108.696 109.183
105.540 107.453
110.980 110.404
102.969 103.408
130.943 132.522
125.365 123.860
115.638 116.814
117.469 117.687 117.803
108.001 105.716 107.536
98.502 101.819
104.375
110.677 111.261 111.894
102.628 102.026 100.552
133.451 134.285 134.889
124.263 123.801 123.952
116.714 116.768 117.384
21 104.278 97.492 102.639 101.110 98.071 98.169
22 107.717 102.424 106.503 104.969 104.522 103.102
23
24
25
112.244
97.264
117.412
114.126
108.437
113.877
114.819
102.076
118.636
115.504
104.206
118.470
116.212
108.716
116.961
115.714
111.257
114.709
92.617
97.102
109.074
109.567
105.368
26
139.842
146.361
144.914
147.465
150.324
148.727
138.930
2/ 230.472 245.848 245.331 254.682 262.580 246.464 219.666
28 134.548 140.659 139.131 142.463 143.201 141.617 135.357
29 114.710 118.991 117.627 117.698 121.342 122.931 113.992
30
97.805
93.647
96.179
95.494
96.369
93.311
89.415
31
32
33
34
35
3fi
86.683
113.095
101.534
61.912
111.538
80.469
2008
2007
2008
IV
Gross domestic product....
Personal consumption
expenditures..........................
Durable goods.........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other...................................
Nondurable goods...................
Food....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other...................................
Services...................................
Housing..............................
Household operation............
Electricity and gas...........
Other household operation
Transportation......................
Medical care........................
Recreation...........................
Other...................................
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software...
Information processing
equipment and
software...................
Computers and
peripheral
equipment............
Software 1................
Other.......................
Industrial equipment....
Transportation
equipment................
Other equipment..........
Residential...........................
Change in private inventories...
81.981
115.475
92.110
78.949
111.679
85.698
67.497
110.767
82.692
58.204
115.457
79.154
42.998
108.247
74.331
136.880
133.690
144.792
132.991
133.654
129.913
140.908
138.826
146.131
130.509
131.212
127.217
141.943
140.079
146.640
129.367
129.653
128.249
132.701
126.433
147.913
123.844
122.844
129.107
Exports....................................
Goods.................................
Services..............................
Imports....................................
Goods.................................
Services..............................
121.288 121.762
140.080 142.378
148.643 149.786
143.533 144.748
189.622 190.120
124.473 128.937
122.897 126.067
136.325 150.371
111.891 111.493
111.509 111.497
113.391 111.428
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.................
I
II
III
IV
1 119.819 122.495 120.826 121.613 121.951 123.134 123.284
2 117.659 121.585 119.221 120.283 121.544 123.041 121.470
86.581
86.237
86.110 85.357
86.071
86.598
3 87.154
4
98.589
98.046
98.919
98.698
98.382
98.345
96.758
5
69.924
99.421
118.407
119.682
90.595
66.991
102.264
124.659
126.182
90.133
68.445
99.608
121.092
121.553
90.311
68.115
100.809
123.059
123.007
90.203
67.161
102.109
125.021
124.943
89.520
66.716
102.720
128.129
127.519
90.817
65.972
103.418
122.425
129.258
89.992
6
7
8
9
10 185.237 217.638 205.630 218.289 231.457 251.777 169.028
11 111.013 113.241 111.638 112.598 113.027 113.325 114.017
12 124.712 128.736 126.253 127.133 128.450 129.538 129.824
13
14
15
16
17
18
19
20
124.679
124.813
144.797
113.275
119.318
126.601
120.418
125.365
128.013
131.689
157.146
117.076
125.478
129.550
124.178
129.864
126.086 126.994
126.005 127.183
146.182 148.139
114.354 115.093
121.004 122.455
128.078 128.364
121.833 122.851
127.259 128.529
127.623
131.604
157.995
116.476
124.768
129.127
123.699
129.950
128.405
134.783
164.322
117.958
126.808
130.037
125.200
130.416
129.029
133.187
158.129
118.776
127.881
130.672
124.965
130.559
21 117.735 118.459 117.960 117.815 117.926 118.510 119.588
22 117.995 118.723 118.189 118.117 118.353 119.037 119.384
23
24
25
108.739
157.662
94.870
110.512
163.288
95.487
109.015
159.138
94.798
109.177
160.182
94.700
109.788
161.496
95.101
110.913
164.285
95.710
112.171
167.188
96.439
26
79.170
78.221
78.586
78.245
78.370
78.293
77.978
27
28
29
30
40.062
95.888
90.278
115.968
35.967
96.822
90.937
121.142
38.391
96.147
90.047
117.484
37.024
96.339
90.345
118.620
36.297
96.976
90.863
120.525
35.608
97.196
91.160
122.615
34.940
96.776
91.380
122.809
31 112.762
32 113.222
33 138.884
34
US
112.860
116.750
135.571
112.519
113.933
138.803
111.871
114.175
137.900
111.849
114.579
136.687
112.692
116.616
135.535
115.026
121.632
132.161
M
38 116.586 122.891 118.794
39 115.062 121.321 117.085
40 120.211 126.623 122.855
41 120.168 132.724 124.907
42 118.326 131.425 123.378
43 129.928 139.252 132.874
121.397
119.916
124.932
128.722
127.427
135.377
124.560
123.456
127.211
137.136
136.387
140.740
126.592
125.137
130.082
140.189
139.607
142.873
119.013
116.774
124.269
124.851
122.280
138.019
139.588 141.107
134.553 135.447
136.967 138.004
141.872 142.967
107.217 107.925
129.868 130.465
134.139 134.776
104.948 105.326
142.632 144.540
143.333 145.179
139.890 142.050
138.986
134.277
136.419
141.045
108.083
130.158
134.322
105.763
141.813
140.997
145.206
Net exports of goods and
Net exports of goods and
Exports....................................
Goods.................................
Services..............................
Imports....................................
Goods.................................
Services..............................
'M
38
39
40
41
42
43
130.068 138.108 135.189
127.335 134.757 132.219
136.868 146.369 142.570
133.654 129.178 133.254
134.921 129.341 134.315
127.581 128.622 128.185
Government consumption
expenditures and gross
investment..............................
Federal...................................
National defense..................
Consumption expenditures
Gross investment.............
Nondefense.........................
Consumption expenditures
Gross investment.............
State and local.........................
Consumption expenditures
Gross investment.................
44
45
46
47
48
49
50
51
52
53
54
116.871 120.272
130.078 137.893
135.596 145.294
132.457 140.744
159.765 181.486
120.127 124.457
119.048 122.565
128.357 138.650
110.167 111.436
109.828 111.270
111.471 112.048
117.879 118.443 119.594
131.610 133.488 135.628
137.694 140.125 142.621
134.343 136.773 137.921
163.647 166.030 180.174
120.614 121.469 122.949
119.214 120.061 121.235
131.166 132.081 135.821
110.914 110.844 111.517
110.478 110.874 111.201
112.612 110.632 112.741
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2007
IV
44
45
46
47
48
49
50
51
52
53
54
132.941
130.076
131.874
136.220
105.255
126.636
130.378
104.556
134.671
134.517
135.383
139.230 135.174 137.237
134.289 131.070 132.879
136.574 133.237 134.905
141.372 137.704 139.603
107.380 105.920 106.296
129.869 126.886 128.986
134.091 130.637 133.128
105.199 104.753 104.758
142.213 137.649 139.866
142.421 137.612 140.173
141.467 137.896 138.722
1. Excludes software “embedded,” or bundled, in computers and other equipment.
March 2009
Survey
of
D-11
C u r r e n t B u sin ess
Table 1.5.5. Gross Domestic Product, Expanded Detail
Table 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
IV
Gross domestic product . ..
Personal consumption
expenditures..........................
Durable goods.........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other...................................
Nondurable goods...................
Food....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other...................................
Services...................................
Housing...............................
Household operation...........
Electricity and gas...........
Other household operation
Transportation......................
Medical care........................
Recreation...........................
Other...................................
I
II
Line
III
3
4
9,892.7 10,002.3 10,138.0 10,163.5
1,083.0 1,071.0 1,059.3 1,016.2
437.8
424.7
400.6
370.7
9,923.5
946.3
323.7
415.3
227.0
2,833.0
1,329.1
374.0
411.7
231.6
2,965.2
1,399.2
373.6
415.3
229.9
2,906.2
1,359.8
373.2
415.1
231.3
2,950.7
1,380.5
375.5
423.0
235.7
3,026.2
1,416.3
382.4
411.2
234.3
3,044.6
1,418.4
374.4
397.6
225.0
2,839.3
1,381.4
361.9
366.9
762.9
5,794.4
1,460.9
525.7
218.8
306.9
357.0
1,681.1
403.4
1,366.3
412.1
780.4
6,068.4
1,513.7
552.7
231.8
320.9
373.3
1,779.6
413.0
1,436.2
405.3
767.9
5,903.5
1,482.7
534.3
313.2
362.9
1,721.9
409.7
1,392.0
423.7
771.1
5,980.6
1,495.1
541.7
228.1
313.6
368.8
1,746.6
408.2
1,420.2
441.8
785.7
6,052.5
1,508.8
554.5
236.3
318.1
372.9
1,769.3
412.3
1,434.6
463.6
788.2
6,102.7
1,520.9
555.8
231.9
323.9
376.8
1,792.9
415.8
1,440.4
319.2
776.8
6,137.9
1,529.8
558.7
230.7
328.0
374.5
1,809.7
415.5
1,449.6
23
24
25
2,130.4
2,134.0
1,503.8
480.3
1,023.5
1,995.7
2,041.4
1,553.5
554.7
998.9
2,092.3
2,113.4
1,542.1
508.7
1,033.4
2,056.1
2,081.7
1,553.6
522.7
1,030.9
2,000.9
2,077.0
1,571.9
549.8
1,022.1
2,010.9
2,060.6
1,581.2
572.4
1,008.8
1,915.1
1,946.3
1,507.4
573.7
933.7
26
517.7
535.4
532.5
539.6
550.9
544.5
506.6
27
28
29
30
93.7
227.3
196.8
180.6
89.9
239.9
205.6
180.6
95.7
235.6
95.8
241.8
201.2
202.0
179.9
182.0
96.8
244.6
209.5
183.2
89.2
242.5
212.9
182.2
78.0
230.7
197.9
174.8
31
32
33
34
35
36
157.2
168.0
630.2
-3.6
112.1
148.4
172.6
571.3
- 21.1
5.7
-26.7
142.1
167.3
528.1
-25.6
-5.2
170.8
487.9
-45.6
-2.4
-43.2
-25.8
121.4
166.5
505.0
-76.0
-4.1
-71.9
105.5
176.6
479.4
-49.7
-4.2
-45.5
79.5
172.7
439.0
-31.3
-1.7
-29.6
Net exports of goods and
services.................................
Exports....
Goods...
Services
Imports....
Goods...
Services
37
38
39
40
41
42
43
-707.8
1,662.4
1,149.2
513.2
2,370.2
1,985.2
385.1
-670.8
1,860.8
1,283.1
577.7
2,531.6
2,115.7
416.0
-696.7
1,759.7
1,213.7
546.0
2,456.5
2,060.9
395.6
-705.7
1,820.8
1,256.9
563.9
2,526.5
2,118.0
408.5
-718.2
1,923.2
1,343.7
579.5
2,641.4
2,225.5
415.9
-707.7
1,968.9
1,374.3
594.6
2,676.6
2,251.0
425.6
-551.5
1,730.5
1,157.5
573.0
2,282.0
1,868.1
413.9
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Consumption expenditures
Gross investment.............
Nondefense.........................
Consumption expenditures
Gross investment.............
State and local.........................
Consumption expenditures...
Gross investment.................
44
45
46
47
48
49
50
51
52
53
b4
2,674.8
979.3
662.2
580.1
82.1
317.1
276.0
41.1
1,695.5
1,355.9
339.6
2,882.8
1,071.8
734.8
639.7
95.1
337.0
292.3
44.7
1,811.0
1,454.3
356.7
2,742.9
998.3
679.3
594.7
84.6
319.0
276.9
42.1
1,744.6
1,395.2
349.4
2,798.1
1,026.5
699.9
613.8
2,873.7
1,056.1
723.3
629.0
94.3
332.9
289.2
43.7
1,817.6
1,462.7
354.9
2,946.1
1,098.0
759.5
659.6
99.9
338.5
294.5
44.0
1,848.1
1,485.7
362.4
2,913.2
1,106.4
756.6
656.3
100.3
349.9
301.1
48.7
1,806.8
1,442.7
364.1
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software...
Information processing
equipment and
software...................
Computers and
peripheral
equipment...........
Software 1 ...............
Other.......................
Industrial equipment....
Transportation
equipment...............
Other equipment.........
Residential...........................
Change in private inventories...
Farm...................................
Nonfarm..............................
5
9,710.2 10,056.8
1,082.8 1,023.2
440.4
379.9
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
1.6
221.1
0.2
86.1
326.6
284.2
42.4
1,771.6
1,426.3
345.3
2008
Gross domestic product....
Personal consumption
expenditures..........................
Durable goods.........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other....................................
Nondurable goods...................
Food....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other...................................
Services..................................
Housing...............................
Household operation............
Electricity and gas...........
Other household operation
Transportation......................
Medical care........................
Recreation...........................
Other....................................
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software ...
Information processing
equipment and
software...................
Computers and
peripheral
Software 2................
Other........................
Industrial equipment....
Transportation
equipment................
Other equipment..........
Residential...........................
Change in private inventories...
Farm....................................
Nonfarm..............................
Net exports of goods and
services.................................
Exports....................................
Goods.................................
Services..............................
Imports....................................
Goods.................................
Services..............................
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Consumption expenditures
Gross investment.............
Nondefense.........................
Consumption expenditures
Gross investment.............
State and local.........................
Consumption expenditures...
Gross investment.................
Residual......................................
2008
2007
IV
IV
1 13,807.5 14,264.6 14,031.2 14,150.8 14,294.5 14,412.8 14,200.3
2
2007
II
I
IV
III
1 11,523.9 11,652.7 11,620.7 11,646.0 11,727.4 11,712.4 11,525.0
2
8,252.8
1,242.4
446.7
8,272.0
1,188.5
387.2
8,298.2
1,250.6
442.6
8,316.1
1,237.0
430.2
8,341.3
1,228.3
407.2
8,260.6
1,180.1
376.9
8,169.9
1,108.6
334.5
594.0
228.3
2,392.6
1,110.5
412.9
614.4
226.5
2,378.6
1,109.3
414.4
606.6
230.8
2,400.2
1,118.7
413.2
609.3
229.4
2,397.9
1,122.4
416.3
629.6
230.8
2,420.7
1,133.6
427.2
616.2
228.1
2,376.3
1,112.3
412.2
602.5
217.6
2,319.4
1,068.8
402.1
198.1
687.3
4,646.2
1,171.7
421.2
151.1
270.9
299.2
1,327.8
335.0
1,089.9
189.4
689.2
4,714.0
1,182.4
419.8
147.7
274.1
297.5
1,373.7
332.6
1,106.0
197.0
687.9
4,676.1
1,175.9
424.0
151.2
273.9
299.9
1,344.5
336.3
1,093.9
194.0
684.8
4,704.3
1,177.3
425.9
154.0
272.5
301.2
1,360.8
332.3
1,105.0
190.8
695.1
4,712.1
1,182.3
421.3
149.6
273.2
298.9
1,370.3
333.4
1,104.0
184.1
695.5
4,711.3
1,184.5
412.4
141.2
274.6
297.2
1,378.9
332.1
1,104.6
188.8
681.3
4,728.1
1,185.6
419.5
145.9
276.2
292.9
1,385.1
332.5
1,110.4
23
24
25
1,809.7
1,808.5
1,382.9
304.6
1,078.9
1,691.9
1,719.7
1,406.1
339.6
1,046.4
1,781.3
1,788.2
1,414.7
319.7
1,090.1
1,754.7
1,762.4
1,423.1
326.4
1,088.6
1,702.0
1,754.9
1,431.8
340.5
1,074.7
1,703.7
1,731.1
1,425.7
348.4
1,054.0
1,607.3
1,630.3
1,343.9
343.1
968.2
26
653.9
684.4
677.6
689.6
702.9
695.5
649.7
V
28
29
30
237.0
218.0
155.7
247.8
226.1
149.1
245.1
223.5
153.1
251.0
223.6
153.4
252.3
230.6
152.0
249.5
233.6
148.6
238.4
216.6
142.4
31
32
33
34
35
36
139.4
148.4
453.8
-2.5
131.9
151.5
411.6
- 8.1
10.5
- 20.6
127.0
146.5
383.0
- 10.2
-17.9
108.6
145.3
369.6
-50.6
2.4
-55.1
93.6
151.5
353.7
-29.6
-3.7
99.6
146.3
359.6
-27.6
3.6
-32.8
-33.3
69.2
142.0
332.2
-19.9
3.6
-25.0
37
38
39
40
41
42
43
-546.5
1,425.9
998.7
426.9
1,972.4
1,677.7
296.4
-392.3
1,514.1
1,057.0
456.6
1,906.4
1,608.3
298.8
-484.5
1,482.1
1,037.0
444.7
1,966.5
1,670.2
297.8
-462.0
1,500.6
1,048.6
451.7
1,962.6
1,662.0
301.8
-381.3
1,544.7
1,088.9
455.8
1,926.0
1,631.6
295.5
-353.1
1,556.1
1,098.7
457.4
1,909.1
1,612.2
297.9
-372.9
1,454.8
991.7
461.4
1,827.6
1,527.5
299.9
44
45
46
47
48
49
50
51
52
53
54
55
2,012.1
2,070.6
798.1
538.0
452.5
2,029.4
761.7
509.9
431.9
79.9
251.5
2,039.1
772.6
518.9
439.7
81.0
253.2
213.5
40.5
1,266.7
1,017.6
249.0
-178.7
2,058.9
785.0
528.1
443.4
87.9
256.3
215.6
41.6
1,274.4
1,020.6
253.7
-191.6
2,088.1
810.8
550.4
461.5
92.6
259.5
218.5
41.8
1,278.7
1,023.4
255.2
-162.8
2,096.3
824.1
554.7
465.4
92.8
268.8
224.2
46.1
1,274.2
1,023.3
250.8
- 112.8
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
1.0
752.9
502.1
425.8
78.0
250.4
211.7
39.3
1,259.0
1,008.0
250.9
-152.7
88.6
259.5
217.9
42.5
1,273.5
1,021.2
252.2
-161.4
212.0
40.2
1,267.5
1,013.9
253.4
-171.9
6.0
2.2
1. Excludes software “embedded,” or bundled, in computers and other equipment.
1. The quantity index for computers can be used to accurately measure the real growth of this component. However,
because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates
should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate
series; accurate estimates of these contributions are shown in table 1.5.2 and real growth rates are shown in table 1.5.1.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
N o t e . The residual line is the difference between the first line and the sum of the most detailed lines.
D-12
National Data
March 2009
Table 1.6.4. Price Indexes for
Gross Domestic Purchases
Table 1.6.7. Percent Change From Preceding Period in Prices for
Gross Domestic Purchases
[Index numbers, 2000=100]
[Percent]
Seasonally adjusted
Line
2007
2008
2007
IV
Gross domestic purchases...
Personal consumption
expenditures..........................
Durable goods.........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other...................................
Nondurable goods...................
Food....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other...................................
Services..................................
Housing...............................
Household operation...........
Electricity and gas...........
Other household operation
Transportation......................
Medical care........................
Recreation...........................
Other...................................
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software...
Information processing
equipment and
software...................
Computers and
peripheral
equipment...........
Software 1...............
Other.......................
Industrial equipment....
Transportation
equipment...............
Other equipment.........
Residential...........................
Farm....................................
Nonfarm...............................
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Consumption expenditures
Gross investment.............
Nondefense.........................
Consumption expenditures
Gross investment.............
State and local.........................
Consumption expenditures
Gross investment.............
Addenda:
Final sales of computers to
domestic purchasers 2 ........
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers...........................
Food........................................
Energy goods and services.....
Gross domestic purchases
excluding food and energy....
Gross domestic product..........
Gross domestic product
excluding final sales of
computers...................
Food................................
Energy goods and
services.......................
Gross domestic product
excluding food and
energy .........................
Final sales of domestic product
Final sales to domestic
purchasers...........................
2008
I
II
Line
III
2 117.659 121.585 119.221 120.283 121.544 123.041 121.470
87.154 86.071
86.237 86.110 85.357
86.598 86.581
3
4
98.589
98.046
98.919
98.698
98.382
98.345
96.758
69.924 66.991 68.445 68.115 67.161 66.716 65.972
99.421 102.264 99.608 100.809 102.109 102.720 103.418
7 118.407 124.659 121.092 123.059 125.021 128.129 122.425
8 119.682 126.182 121.553 123.007 124.943 127.519 129.258
9 90.595 90.133 90.311
90.203 89.520 90.817 89.992
5
6
10 185.237 217.638 205.630 218.289 231.457 251.777 169.028
11
12
13
14
15
16
17
18
19
111.013
124.712
124.679
124.813
144.797
113.275
119.318
126.601
120.418
20 125.365
113.241
128.736
128.013
131.689
157.146
117.076
125.478
129.550
124.178
129.864
111.638
126.253
126.086
126.005
146.182
114.354
121.004
128.078
121.833
127.259
112.598
127.133
126.994
127.183
148.139
115.093
122.455
128.364
122.851
128.529
113.027
128.450
127.623
131.604
157.995
116.476
124.768
129.127
123.699
129.950
113.325
129.538
128.405
134.783
164.322
117.958
126.808
130.037
125.200
130.416
114.017
129.824
129.029
133.187
158.129
118.776
127.881
130.672
124.965
130.559
Gross domestic purchases ...
Personal consumption
expenditures..........................
Durable goods.........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other....................................
Nondurable goods...................
Food....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other....................................
Services...................................
Housing................................
Household operation............
Electricity and gas...........
Other household operation
Transportation......................
Medical care........................
Recreation...........................
Other....................................
31 112.762 112.860 112.519 111.871 111.849 112.692 115.026
32 113.222 116.750 113.933 114.175 114.579 116.616 121.632
33 138.884 135.571 138.803 137.900 136.687 135.535 132.161
34
35
36
37
38
39
40
41
42
43
44
45
46
47
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.............
23 108.739 110.512 109.015 109.177 109.788 110.913 112.171
24 157.662 163.288 159.138 160.182 161.496 164.285 167.188
25 94.870 95.487 94.798 94.700 95.101 95.710 96.439
79.170
78.221
78.586
78.245
78.370
78.293
77.978
27 40.062 35.967 38.391
37.024 36.297 35.608 34.940
28 95.888 96.822 96.147 96.339 96.976 97.196 96.776
29 90.278 90.937 90.047 90.345 90.863 91.160 91.380
30 115.968 121.142 117.484 118.620 120.525 122.615 122.809
48
132.941
130.076
131.874
136.220
105.255
126.636
130.378
104.556
134.671
134.517
135.383
34.096
139.230
134.289
136.574
141.372
107.380
129.869
134.091
105.199
142.213
142.421
141.467
30.261
135.174
131.070
133.237
137.704
105.920
126.886
130.637
104.753
137.649
137.612
137.896
32.388
137.237
132.879
134.905
139.603
106.296
128.986
133.128
104.758
139.866
140.173
138.722
31.478
139.588
134.553
136.967
141.872
107.217
129.868
134.139
104.948
142.632
143.333
139.890
30.688
141.107
135.447
138.004
142.967
107.925
130.465
134.776
105.326
144.540
145.179
142.050
29.840
138.986
134.277
136.419
141.045
108.083
130.158
134.322
105.763
141.813
140.997
145.206
29.039
49 122.010 126.111 123.584 124.703 126.052 127.496 126.194
50 119.572 126.074 121.569 122.979 124.814 127.400 129.101
51 171.369 199.273 184.703 194.992 210.365 222.469 169.268
52 118.194 120.754 119.129 119.770 120.421
53 119.819 122.495 120.826 121.613 121.951
121.243 121.581
123.134 123.284
64 121.184 124.049 122.275 123.102 123.482 124.715 124.898
55 120.469 128.159 122.921 125.086 127.311 129.889 130.352
56 139.410 135.093 137.744 140.086 129.829 135.251
2008
135.206
5/ 119.152 121.479 120.074 120.661 121.111 122.008 122.137
58 119.853 122.529 120.856 121.653 122.008 123.204 123.252
59 120.329 124.178 121.798 122.863 124.160 125.543 124.146
2007
IV
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential......................
Structures........................
Equipment and software...
Information processing
equipment and
software...................
Computers and
peripheral
equipment............
Software 1................
Other........................
Industrial equipment....
Transportation
equipment................
Other equipment..........
Residential...........................
Change in private inventories...
Farm....................................
Nonfarm...............................
21 117.735 118.459 117.960 117.815 117.926 118.510 119.588
22 117.995 118.723 118.189 118.117 118.353 119.037 119.384
26
2007
IV
1 120.294 124.143 121.766 122.821 124.103 125.475 124.174
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2. Some components of final sales of computers include computer parts.
Seasonally adjusted at annual rates
Addenda:
Final sales of computers to
domestic purchasers 2.........
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers...........................
Food........................................
Energy goods and services.....
Gross domestic purchases
excluding food and energy....
Gross domestic product...........
Gross domestic product
excluding final sales of
computers....................
Food.................................
Energy goods and
services.......................
Gross domestic product
excluding food and
energy..........................
Final sales of domestic product
Final sales to domestic
purchasers...........................
2008
I
II
III
IV
1
2.8
3.2
4.0
3.5
4.2
4.5
-4.1
2
3
4
2.6
- 1.8
-0.5
3.3
- 1.2
- 0.6
4.3
- 1.6
0.7
3.6
- 0.1
-0.9
4.3
- 1.6
-1.3
5.0
- 0.6
- 0.2
-5.0
-3.5
-6.3
5
-4.6
-5.5
1.5
8.4
3.7
0.9
-1.9
4.9
6.7
4.9
-0.5
-5.5
5.3
6.5
6.4
-3.0
- 2.6
2.4
10.3
8.5
5.9
-4.4
2.7
-16.7
5.6
-3.6
51.1
2.5
3.5
3.2
3.2
4.7
27.0
3.5
26.4
1.5
4.2
40.0
-79.7
2.5
0.9
6
1.0
7
8
3.0
3.8
9
- 0.8
-4.2
2.9
5.3
5.4
-0.5
10
11
12
8.3
17.5
1.1
2.0
3.3
3.7
2.7
2.4
2.9
2.7
3.7
3.2
2.7
5.5
8.5
3.4
5.2
2.3
3.1
3.6
13
14
15
16
17
18
19
1.6
2.8
2.9
3.8
5.5
2.0
1.1
3.4
2.5
2.0
14.6
29.4
4.9
7.8
2.4
10.0
2.8
2.0
2.8
4.9
1.4
-0.7
0.4
2.0
2.3
4.2
7.1
3.7
2.2
2.6
3.6
3.6
4.2
3.6
4.9
0.9
3.4
4.1
0.6
1.3
0.4
0.6
1.6
1.2
-0.5
- 0.2
0.6
17.0
5.2
6.7
-4.7
-14.2
2.8
3.4
20
3.3
21
22
23
24
25
1.4
1.4
1.4
3.8
0.3
3.6
0.7
1.7
4.5
0.4
2.7
-0.4
2.3
3.3
1.7
2.6
4.6
7.3
3.1
26
- 2.1
- 1.2
- 1.2
-1.7
0.6
-0.4
- 1.6
2/
-10.5
0.4
- 0.6
4.0
- 10.2
-7.6
2.7
2.3
-7.3
-1.7
6.6
-7.4
0.9
1.3
7.1
4.5
0.8
1.2
-9.0
-13.5
1.0
1.2
0.8
0.7
4.5
- 0.2
3.8
1.3
3.9
0.1
3.1
-2.4
0.1
2.0
0.0
-2.3
0.9
- 2.6
- 0.1
1.4
-3.5
3.0
7.3
-3.3
8.5
18.3
-9.6
4.7
3.2
3.6
3.8
5.1
2.3
3.1
3.4
7.0
5.1
6.3
6.7
3.5
0.5
0.4
6.8
2.8
7.8
0.6
5.1
4.7
6.9
5.6
5.9
4.5
1.2
6.8
0.0
6.6
3.1
0.7
7.4
4.7
7.7
2.4
9.3
3.4
4.4
2.7
3.1
3.1
2.7
1.9
1.9
1.4
5.5
5.3
6.3
-5.9
-3.4
-4.5
-5.3
2.0
2.6
2.8
0.6
6.2
5.6
5.1
5.6
1.4
- 11.0
9.2
48
- 10.8
- 11.2
-12.3
- 10.8
-9.7
- 10.6
-10.3
49
50
51
2.9
3.8
3.4
5.4
16.3
4.2
4.3
35.1
3.7
4.7
24.2
4.4
6.2
35.5
4.7
8.5
25.1
-4.0
5.4
-66.5
b2
53
2.4
2.7
2.2
2.2
2,4
2.2
2.6
2.2
1.1
2.8
1.1
2.8
3.9
0.5
54
55
2.8
2.4
6.4
7.3
4.1
8.3
0.6
6.0
2.7
7.2
1.2
4.3
66
3.0
-3.1
6.1
7.0
-26.2
17.8
- 0.1
5/
58
2.5
2.7
2.0
2.2
2.4
2.0
1.5
2.8
2.7
1.2
3.0
4.0
0.2
59
2.8
3.2
4.0
3.5
4.3
4.5
-4.4
28
29
30
31
32
33
34
35
36
1.7
2.3
1.5
3/
38
39
40
41
42
43
44
45
46
47
4.5
3.4
3.5
3.8
1.5
3.1
3.5
1.1
3.0
1. Excludes software “embedded," or bundled, in computers and other equipment.
2. Some components of final sales of computers include computer parts.
8.1
6.1
1.0
0.6
0.6
-0.9
-1.3
1.7
-7.3
1.4
0.4
March 2009
Su r v e y
of
D-13
C u r r e n t B u sin ess
Table 1.6.8. Contributions to Percent Change in the Gross Domestic
Purchases Price Index
Table 1.7.1. Percent Change from Preceding Period in Real Gross Domestic
Product, Real Gross National Product, and Real Net National Product
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Seasonally adjusted at annual rates
2008
I
II
III
Line
IV
2007
2008
IV
Percent change at annual rate:
Gross domestic purchases...
1
2.8
3.2
4.0
3.5
4.2
4.5
^ .1
Percentage points at annual
rates:
Personal consumption
expenditures..........................
Durable goods.........................
Motor vehicles and parts.....
Furniture and household
equipment........................
Other...................................
Nondurable goods...................
Food....................................
Clothing and shoes..............
Gasoline, fuel oil, and other
energy goods...................
Other...................................
Services.................................
Housing...............................
Household operation...........
Electricity and gas...........
Other household operation
Transportation......................
Medical care........................
Recreation...........................
Other...................................
Gross private domestic
investment..............................
Fixed investment......................
Nonresidential.....................
Structures........................
Equipment and software...
Information processing
equipment and
software...................
Computers and
peripheral
equipment...........
Software 1 ...............
Other.......................
Industrial equipment....
Transportation
equipment...............
Other equipment.........
Residential...........................
Change in private inventories...
Farm....................................
Nonfarm...............................
Government consumption
expenditures and gross
investment..............................
Federal....................................
National defense..................
Consumption expenditures
Gross investment.............
Nondefense.........................
Consumption expenditures
Gross investment.............
State and local.........................
Consumption expenditures
Gross investment.............
Addenda:
Final sales of computers to
domestic purchasers 2 ........
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers...........................
Food........................................
Energy goods and services.....
Gross domestic purchases
excluding food and energy....
Gross domestic product...........
Plus: Income receipts from the
2008
I
II
III
IV
-6.2
1
2.0
-0.2
0.9
2.8
-0.5
V
15.7
0.4
-28.0
-13.0
-7.8
14.3
-23.5
- 21.8
-2.5
-15.3
2.2
3.7
3.9
3.0
3.1
0.1
7.0
7.8
3.1
3.1
1.3
5.5
6.1
9.1
2.7
2.7
2.6
2.6
2.1
6.4
7.0
3.5
3.5
-0.2
21.9
26.0
3.5
3.6
- 10.0
-12.5
3.8
3.9
3.0
3.4
1.1
Less: Income payments to the rest
2
3
4
1.73
-0.14
- 0.02
2.24
-0.09
- 0.01
5
-0.14
6
0.02
7
8
0.58
0.34
9
- 0.02
- 0.12
0.04
1.03
0.50
- 0.01
10
11
12
2.88
2.43
2.87
- 0.11
- 0.01
-0.03
- 0.11
-0.04
0.02
0.00
-0.07
0.04
0.02
-0.16
0.08
1.29
0.60
-0.08
0.69
0.08
1.69
1.03
0.06
1.39
0.25
0.36
0.25
0.02
1.60
0.34
0.20
0.44
1.10
0.68
0.06
1.29
0.36
0.11
1.30
0.27
0.13
1.39
0.32
0.10
0.20
0.12
0.13
0.07
0.13
0.27
0.09
0.34
0.07
0.05
0.09
0.41
20
0.04
0.06
0.07
0.42
0.04
0.31
0.18
1.13
0.29
0.14
0.08
0.06
0.34
0.09
0.38
21
22
0.22
0.21
0.20
0.18
0.18
0.15
0.03
-0.07
-0.03
0.06
0.09
-0.03
0.23
13
14
15
16
17
18
19
3.37
-0.04
-0.05
0.08
1.30
0.45
- 0.01
-0.16
0.12
0.12
0.11
0.20
0.51
0.41
2.02
0.78
0.15
-3.40
-0.23
-0.15
- 0.12
0.04
-3.53
0.51
-0.09
-4.08
0.13
0.36
0.20
-0.18
-0.24
0.06
0.08
0.23
- 0.02
0.04
0.10
0.11
0.19
0.28
0.08
0.43
0.16
0.34
0.14
0.14
0.05
0.12
0.12
0.27
0.32
0.43
0.26
0.17
0.48
0.16
0.46
0.27
23
24
25
0.14
0.12
0.02
0.09
0.09
0.17
0.13
0.05
26
-0.08
-0.04
-0.04
-0.06
0.02
- 0.01
-0.06
27
28
29
30
-0.07
-0.07
-0.06
-0.09
0.02
0.01
0.02
0.00
0.01
0.02
-0.04
-0.03
0.05
0.05
0.05
0.05
-0.05
0.04
0.03
0.08
-0.05
0.01
- 0.01
0.08
0.01
0.01
0.02
0.00
- 0.02
0.05
0.04
-0.09
0.00
0.02
- 0.12
0.02
0.03
0.07
0.01
0.00
0.01
0.00
0.01
- 0.01
0.00
0.02
0.00
0.02
0.01
0.01
0.94
0.15
0.14
0.14
0.01
0.01
0.01
0.00
0.11
Equals: Gross national product
Less: Consumption of fixed capital
Private.........................
Government.................
General government
Government
enterprises..........
Addenda:
Net domestic product...............
Net domestic income 3 ............
4
5
6
7
8
9
2.9
m
2.0
11
1?
1.4
1.5
13
14
1.8
1.1
0.3
8.0
2.6
2.6
3.6
3.2
0.7
-1.0
1.5
-3.0
- 0.8
0.7
- 1.0
- 1.6
-0.5
-1.3
- 0.1
-1.7
0.7
-0.9
-0.5
-3.5
-3.9
0.0
2.3
- 0.1
-5.7
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.
3. Net domestic income deflated by the implicit price deflator for net domestic product.
Table 1.7.3. Real Gross Domestic Product, Real Gross National Product,
and Real Net National Product, Quantity Indexes
[Index numbers, 2000=100]
0.20
Seasonally adjusted
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
0.81
0.23
0.16
0.15
48
- 0.12
0.88
0.22
0.17
0.15
0.01
0.01
0.07
0.07
0.06
0.05
0.00
0.00
0.66
0.58
0.43
0.15
0.01
- 0.10
-0.03
0.04
-0.08
0.01
0.02
0.08
- 0.11
-0.05
-0.06
-0.03
-0.03
-0.05
1.15
0.38
0.24
0.23
1.32
0.36
0.29
0.27
0.85
0.19
0.15
0.13
-1.17
-0.25
-0.23
-0.23
0.01
0.02
0.02
0.15
0.15
0.06
0.06
0.04
0.04
0.00
- 0.02
0.00
0.66
0.00
0.00
0.00
0.96
0.11
0.68
0.11
0.77
0.72
0.06
0.08
0.51
0.15
- 0.12
-0.14
- 0.12
- 0.11
- 0.11
0.55
0.79
0.88
Line
2007
2008
2007
IV
Gross domestic product...........
Plus: Income receipts from the
2008
I
II
III
IV
1 117.388 118.699 118.374 118.631 119.460 119.308 117.399
7 188.098
195.944 180.516 174.333 170.835
Less: Income payments to the rest
177.954 167.341 166.304 159.560
184.231
0.20
-0.31
0.32
- 0.01
0.33
Equals: Gross national product
Less: Consumption of fixed capital
Private.........................
Government.................
General government
Government
enterprises..........
Addendum:
Net domestic product...............
4 117.795
5 126.321 135.146
6 127.463 137.407
7 120.585 124.264
8 120.211 123.899
119.302
128.631
129.996
121.844
121.472
119.329
131.133
132.871
122.626
122.253
119.950
133.184
135.137
123.699
123.318
119.901
139.944
143.163
124.775
124.411
136.322
138.457
125.954
125.614
9 122.684 126.320 123.935 124.726 125.837 126.829 127.886
m 116.652
118.054 117.763 118.201 117.292
11 116.187 116.533 117.000 116.966 117.639 116.610 114.918
-0.03
0.01
-0.92
-1.13
0.21
Table 1.7.4. Price Indexes for Gross Domestic Product,
Gross National Product, and Net National Product
[Index numbers, 2000=100]
- 0.10
Seasonally adjusted
Line
49
50
51
52
2.88
0.35
0.30
3.32
0.53
0.84
4.16
0.41
1.58
3.63
0.44
1.21
4.35
0.57
1.79
4.61
0.80
1.34
-3.98
0.51
-5.56
2.10
1.84
2.03
1.85
1.88
2.35
0.97
1. Excludes software “embedded,” or bundled, in computers and other equipment.
2. Some components of final sales of computers include computer parts.
2007
2007
2008
2007
IV
Gross domestic product...........
Plus: Income receipts from the
2008
I
II
III
IV
1 119.819 122.495 120.826 121.613 121.951 123.134 123.284
'? 119.722
121.060 122.117 123.386 124.803
Less: Income payments to the rest
Equals: Gross national product
Less: Consumption of fixed capital
Private.........................
Government.................
General government
Government
enterprises..........
S 119.907
121.302 122.572 124.018 125.573
4 119.815
5 114.661 114.132
6 113.313 111.861
7 121.816 126.293
8 120.682 125.184
120.822
115.095
113.515
123.471
122.286
121.601
114.142
112.213
124.403
123.312
121.938
113.974
111.821
125.463
124.385
9 127.796 132.136 129.721
130.151
131.143 132.751 134.500
10 120.554
Addendum:
Net domestic product...............
123.117
114.180
111.792
126.994
125.901
114.231
111.618
128.312
127.138
121.644 122.685 123.099 124.432
11 120.561 123.729 121.653 122.706 123.122 124.460 124.627
D-14
National Data
March 2009
Table 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net
National Product, National Income, and Personal Income
Table 1.7.6. Relation of Real Gross Domestic Product, Real Gross National
Product, and Real Net National Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Gross domestic product..............
Plus: Income receipts from the rest
Seasonally adjusted at annual rates
2008
II
I
Line
III
?
861.7
907 4
843.2
822.8
815.6
3
759.3
742.0
705.1
708.9
688.7
Equals: Net national product.......
Less: Statistical discrepancy......
Equals: National income..............
Less: Corporate profits with
inventory valuation and capital
consumption adjustments...........
Taxes on production and
imports less subsidies....
Contributions for
government social
insurance........................
Net interest and
miscellaneous payments
on assets........................
Business current transfer
payments (net)...............
Current surplus of
government enterprises
Wage accruals less
disbursements................
Plus: Personal income receipts on
assets.........................................
Personal current transfer
receipts...........................
Equals: Personal income.............
4 13,910.0
5 1,720.5
6 1,431.1
7 1,147.0
1,832.2
1,523.1
1,225.0
8
1,305.6
1,055.5
y
-91.5
80.6
10
11
12
284.1
289.4
241.4
298.1
309.1
258.1
13
48.0
51.1
14 12,189.5
14,196.6 14,289.0 14,408.3 14,539.6
1,758.6 1,778.0 1,803.1 1,898.1
1,462.3 1,477.5 1,497.4 1,585.9
1,171.4 1,186.1 1,205.6 1,266.0
1,067.2
1,286.0
1,295.2
1,323.6
89.6
57.6
75.2
290.9
296.3
247.1
291.4
300.5
250.8
291.8
305.7
255.2
320.0
312.1
260.6
289.1
318.3
265.7
49.2
49.7
50.5
51.5
52.6
1fi 12,270.9
12,424.1 12,447.6 12,468.6 12,491.4
1,642.4
18
963.2
19
1,317.5
-104.2
-81.4
1/
1,849.8
1,531.4
1,242.3
100.0
12,438.0 12,511.1 12,605.2 12,641.6
63.4
13.9
136.6
150.2
15
Net national factor income 2.......
2008
IV
Gross domestic product...........
Plus: Income receipts from the
rest of the world.......................
Less: Income payments to the rest
of the world..............................
9
719.9
3
633.3
Equals: Gross national product
Less: Consumption of fixed capital
Private.........................
Government.................
General government
Government
enterprises..........
4 11,609.8
5 1,500.5
6 1,263.0
7
237.5
Equals: Net national product....
m 10,111.5
Addenda:
Gross domestic income 1 ........
Gross national income 2 ..........
Net domestic product...............
Net domestic income 3 ............
I
II
III
IV
1 11,523.9 11,652.7 11,620.7 11,646.0 11,727.4 11,712.4 11,525.0
8
200.0
1,605.3
1,361.5
244.8
206.2
9
37.5
38.6
749.9
690.9
667.2
653.9
611.7
575.2
571.6
548.5
11,758.3 11,760.9 11,822.2 11,817.3
1,527.9 1,557.6 1,582.0 1,662.3
1,288.1 1,316.6 1,339.0 1,418.5
240.0
241.6
243.7
245.8
202.1
203.4
205.2
207.0
37.9
38.2
38.5
38.8
1,619.3
1,371.9
248.1
209.0
39.1
10,233.0 10,207.8 10,245.7 10,166.9
11 11,591.9
1? 11,677.7
11,609.3
11,746.8
13 10,025.9 10,055.8 10,096.1
14 10,093.5
10,084.7
11,593.8
11,708.8
10,093.2
10,041.4
11,615.2 11,590.3
11,710.0 11,695.2
10,151.2 10,062.4
10,040.2 9,941.7
9,916.4
1. Gross domestic income deflated by the implicit price deflator for gross domestic product.
the product of the chain-type
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.
1,611.1
1,593.5
1,533.3
1,514.8
987.1
975.3
975.1
988.5
993.8
990.8
965.1
996.1
975.3
992.2
995.4
1,000.0
996.7
20
664.4
677.3
688.1
662.3
683.4
656.6
707.0
21
100.2
103.4
103.1
103.2
102.1
92.1
116.2
22
-7.9
- 8.1
-6.7
-7.1
-7.7
- 8.0
-9.5
23
-6.3
0.0
0.0
0.0
0.0
0.0
0.0
24
2 ,000.1
2,040.4
2,056.2
2,054.1
2,052.3
2,055.7
1,999.6
25
1,713.3
1,870.2
1,737.8
1,778.1
1,926.3
1,872.7
1,903.9
Table 1.8.3. Command-Basis Real Gross National Product, Quantity Indexes
26 11,663.2 12,106.9 11,872.1 11,960.5 12,152.2 12,170.4 12,144.4
14,017.4 14,087.4
?7 13,889.0
13,991.4
14,182.7 14,225.6
12,935.9
13,111.1 13,154.4
30 12,087.1 12,432.4 12,272.6 12,372.9
31 12,168.5
12,258.8 12,309.5
32 11,215.5
11,352.5 11,376.4
14,157.8
14,271.7
13,188.7
12,491.3
12,354.7
11,385.6
14,262.6
14,389.4
13,311.5
12,514.8 12,350.6
12,364.5
11,413.4
1. Consists of compensation of employees, proprietors’ income with inventory valuation adjustment (IVA) and capital
consumption adjustment (CCAdj), rental income of persons with CCAdj, corporate profits with IVA and CCAdj, net interest
and miscellaneous payments, and consumption of fixed capital.
2. Consists of gross national factor income less consumption of fixed capital.
2007
2. Gross national income deflated by the implicit price deflator for gross national product.
3. Net domestic income deflated by the implicit price deflator for net domestic product.
Note. Except as noted in footnotes 1, 2 and 3, chained (2000) dollar series are calculated as
quantity index and the 2000 current-dollar value of the corresponding series, divided by 100.
Addenda:
Gross national factor income 1....
Net domestic product.................
2008
IV
1 13,807.5 14,264.6 14,031.2 14,150.8 14,294.5 14,412.8 14,200.3
Less: Income payments to the rest
Equals: Gross national product...
Less: Consumption of fixed capital
Private............................
Domestic business.....
Capital consumption
allowances.........
Less: Capital
consumption
adjustment.........
Households and
institutions..............
Government....................
General government....
Government
enterprises.............
2007
[Index numbers, 2000=100]
Seasonally adjusted
Line
Gross national product.............
Less: Exports of goods and
services and income receipts
from the rest of the world.........
Plus: Command-basis exports of
goods and services and income
receipts from the rest of the
Equals: Command-basis gross
national product.....................
Addendum:
Percent change from preceding
period in command-basis
real gross national product...
2007
2008
2007
2008
IV
I
II
III
1 117.795
119.302
119.329
119.950
119.901
?
145.597
151.448
148.662
150.058
149.930
3
142.179
145.463
141 612
138 541
137 696
4 117.282
118.404
118.271
118.222
118.065
2.1
0.4
-0.4
- 0.2
-0.5
5
IV
1.
Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and
services and income payments.
Table 1.8.6. Command-Basis Real Gross National Product, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Gross national product.............
Less: Exports of goods and
services and income receipts
from the rest of the world........
Plus: Command-basis exports of
goods and services and income
receipts from the rest of the
world 1 ....................................
1 11,609.8
2008
I
II
III
2
2,153.3
2,239.8
2,198.6
2,219.3
2.217.4
3
2,102.7
2,151.4
2,094.4
2,049.0
2.036.5
Equals: Command-basis gross
national product.....................
4 11,559.2
Addendum:
Terms of trade 2.......................
5
97.652
IV
11,758.3 11,760.9 11,822.2 11,817.3
11,669.8 11,656.8 11,651.9 11,636.5
96.051
95.261
92.328
91.843
1. Exports of goods and services and income receipts deflated by the implicit price deflator for imports of goods and
services and income payments.
2. Ratio of the implicit price deflator for exports of goods and services and income receipts to the corresponding implicit
price deflator for imports divided by 100.
N o t e . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights
of more than one period, the corresponding chained-dollar estimates are usually not additive.
March 2009
Su r v e y
of
D-15
C u r r e n t B u sin ess
Table 1.10. Gross Domestic Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2007
2008
2008
IV
Gross domestic incom e...................................................................................................
of
14,017.4
14,087.4
8.017.0
6.525.2
6.525.2
6.515.0
10.2
0.0
10.2
0.0
10.2
0.0
0.0
1,505.0
7,948.3
6.472.8
6.472.8
6.462.5
10.3
0.0
1.475.5
1.491.7
1.502.2
1.511.1
1,514.8
1.015.5
1,037.8
1.027.7
1.025.8
1.039.4
1.044.1
1,042.0
52.3
50.7
52.3
50.8
50.3
51.2
103.4
1,072.7
63.8
3.335.2
3.341.9
936.7
103.1
1.073.8
38.6
50.6
3.317.4
3.324.5
915.4
103.2
1,071.7
39.1
3.325.5
3.333.3
935.8
102.1
1,076.9
58.6
3.270.6
3.278.6
901.0
92.1
1,080.5
68.5
116.2
1,061.5
89.1
1,189.7
433.5
756.3
706.6
1.195.1
402.9
792.1
654.9
1.159.8
406.8
753.0
681.6
1,136.4
393.5
742.9
647.3
49.7
-6.7
137.2
-7.1
71.4
-7.7
13,889.0
Compensation employees, paid..........................................................................................
Wage and salary accruals........................................................................................................
Disbursements....................................................................................................................
To persons.........
To the rest of the world
Wage accruals less disbursements......................................................................................
Supplements to wages and salaries
7.819.4
6.362.8
6.369.0
6.359.0
-6.3
1,456.6
Taxes on production and imports
Less: Subsidies............
Net operating surplus...
Private enterprises..................................................................................................................
Net interest and miscellaneous payments, domestic industries...........................................
Business current transfer payments (net)............................................................................
Proprietors’ income with inventory valuation and capital consumption adjustments.............
Rental income of persons with capital consumption adjustment..........................................
Corporate profits with inventory valuation and capital consumption adjustments, domestic
industries........................................................................................................................
Taxes on corporate income..............................................................................................
Profits after tax with inventory valuation and capital consumption adjustments...............
Net dividends..............................................................................................................
Undistributed corporate profits with inventory valuation and capital consumption
adjustments............................................................................................................
Current surplus of government enterprises.............................................................................
Consumption of fixed capital...................................................................................................
Private.....................................................................................................................................
Government................
Addendum:
Statistical discrepancy.
II
8.063.0
6.558.0
6.558.0
10.0
0.0
3.386.0
3.393.9
899.6
100.2
1,056.2
40.0
1,297.8
450.4
847.4
671.1
176.3
-7.9
1.720.5
1.431.1
289.4
-81.4
1,832.2
1,523.1
309.1
14,157.8
8.040.7
6.538.5
6.538.5
6.528.2
14,262.6
8,100.2
6.589.1
6.589.1
6.578.9
8,094.2
6.579.4
6.579.4
95.6
8.0
-9.5
1.758.6
1.462.3
296.3
1,778.0
1.477.5
300.5
1,803.1
1.497.4
305.7
1.898.1
1.585.9
312.1
1,849.8
1,531.4
318.3
13.9
63.4
136.6
150.2
-
16
National Data
March 2009
Table 1.12. National Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
IV
National income........................................................................................................................
Compensation of employees
Wage and salary accruals
Government.............
Other........................
Supplements to wages and salaries
Employer contributions for employee pension and insurance funds............................................
Employer contributions for government social insurance.............................................................
Proprietors’ income with IVA and CCAdj.........................................................................................
Farm................................................................................................................................................
Nonfarm..........................................................................................................................................
1
2
3
4
5
6
7
8
9
Rental income of persons with CCAdj.............................................................................................
10
11
12
Corporate profits with IVA and CCAdj
Taxes on corporate income......
Profits after tax with IVA and CCAdj
Net dividends.......................
Undistributed profits with IVA and CCAdj.....................................................................................
13
14
15
16
17
12,270.9
I
II
III
IV
12,424.1
12,447.6
12,468.6
12,491.4
7,812.3
6,355.7
1,075.2
5,280.5
1,456.6
991.9
464.7
8,055.8
6,550.8
1,129.5
5,421.3
1,505.0
1,026.9
478.1
7,941.0
6,465.5
1,092.1
5,373.4
1,475.5
1,005.9
469.6
8,009.7
6,518.0
1,109.7
5,408.3
1,491.7
1,015.3
476.4
8,033.5
6,531.3
1,123.4
5,407.9
1,502.2
1,024.4
477.8
8,092.9
6,581.8
1,138.3
5,443.5
1,511.1
1,031.2
479.9
8,087.0
6,572.1
1,146.7
5,425.5
1,514.8
1,036.7
478.1
1,056.2
44.0
1,012.2
1,072.7
34.5
1,038.1
1,073.8
47.1
1,026.7
1,071.7
41.6
1,030.1
1,076.9
38.0
1,039.0
1,080.5
32.4
1,048.2
1,061.5
26.2
1,035.3
40.0
63.8
89.1
1,642.4
450.4
1,192.0
788.7
403.4
837.2
38.6
39.1
58.6
68.5
1,611.1
433.5
1,177.6
816.4
361.2
1,593.5
402.9
1,190.6
832.5
358 1
1,533.3
406.8
1,126.5
846.4
280 0
1,514.8
393 5
1,121 3
841.1
280 3
828.7
Net interest and miscellaneous payments.......................................................................................
18
664.4
677.3
688.1
662.3
683.4
656.6
707.0
Taxes on production and imports.....................................................................................................
19
1,015.5
1,027.7
1,025.8
1,039.4
1,044.1
1,042.0
Less: Subsidies.....................................
20
21
22
52.3
1,037.8
50.7
52.3
50.6
50.8
50.3
51.2
103.4
34.7
63.3
5.4
103.1
33.1
62.1
103.2
32.2
63.0
102.1
32.4
63.6
116.2
32.8
80.2
3.2
Business current transfer payments (net)
To persons (net)...................................
To government (net).............................
To the rest of the world (net).............................................................................................................
23
24
100.2
31.9
61.4
6.9
8.0
8.0
6.1
92.1
41.5
46.4
4.2
Current surplus ol government enterprises....................................................................................
25
-7.9
-8.1
-6.7
-7.1
-7.7
-8.0
-9.5
Cash flow:
Net cash flow with IVA and CCAdj...................................................................................................
Undistributed profits with IVA and CCAdj.....................................................................................
Consumption of fixed capital........................................................................................................
Less: Inventory valuation adjustment....
Equals: Net cash flow.......................................................................................................................
?fi
?7
28
?9
30
1,348.7
403.4
945.3
-51.2
1,399.9
1,011.1
1,326.9
361.2
965.7
-74.1
1,401.0
1,337 0
358.1
978.8
-109.4
1,446.3
1,276 5
280.0
996.5
-154.0
1 430 5
1 319 6
280 3
1,039.4
-90 9
1,410.5
1,029.6
31
32
33
34
35
36
37
38
39
40
41
4?
43
44
45
4fi
47
48
49
50
1,056.2
44.0
51.5
-7.5
1,012.2
893.5
- 6.8
125.5
40.0
56.8
-16.8
1,642.4
1,835.1
1,886.3
450.4
1,435.9
788.7
647.3
-51.2
-192.7
1,073.8
47.1
54.8
-7.7
1,026.7
907.0
- 10.0
129.7
38.6
55.7
-17.0
1,611.1
1,820.2
1,894.3
433.5
1,460.9
816.4
644.5
-74 1
-209.2
1,071.7
41.6
49.4
-7.8
1,030.1
871.0
-13.5
172.6
39.1
55.9
-16.8
1,593.5
1,641.5
1,750.9
402.9
1,348.0
832.5
515 5
-109 4
-48.0
1,076.9
38.0
45.9
-7.9
1,039.0
881.9
-19.7
176.7
58.6
75.1
-16.5
1,533.3
1,596.0
1,750.0
406.8
1,343.2
846.4
496 7
-154 0
-62.7
1,080.5
32.4
40.6
- 8.2
1,048.2
883.5
-10.5
175.2
68.5
89.9
-21.4
1,514 8
1 602 8
1 693 7
393.5
1,300.1
841.1
459 1
90 9
- 88.0
Addenda:
Proprietors’ income with IVA and CCAdj..........................................................................................
Proprietors' income with IVA....................................................................................................
Capital consumption adjustment..............................................................................................
Nonfarm...............................
Proprietors’ income (without IVA and CCAdj)..........................................................................
Inventory valuation adjustment................................................................................................
Capital consumption adjustment
Rental income of persons with CCAdj
Rental income of persons (without CCAdj)
Capital consumption adjustment
Corporate profits with IVA and CCAdj
Corporate profits with IVA.....
Profits before tax (without IVA and CCAdj)..............................................................................
Taxes on corporate income
Profits after tax (without IVA and CCAdj).............................................................................
Net dividends...................................................................................................................
Undistributed profits (without IVA and CCAdj).................................................................
Inventory valuation adjustment................................................................................................
Capital consumption adjustment..................................................................................................
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
1,072.7
34.5
42.6
- 8.1
1,038.1
865.9
-5.6
177.9
63.8
81.4
-17.5
837.2
-71.7
1,061.5
26.2
34.6
-8.3
1,035.3
827.1
21.2
187.0
89.1
104.6
-15.5
828.7
- 88.0
March 2009
Survey
of
D-17
C u r r e n t B u sin ess
Table 1.14. Gross Value Added of Domestic Corporate Business in Current Dollars and Gross Value Added of Nonfinancial
Domestic Corporate Business in Current and Chained Dollars
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
IV
Gross value added of corporate business 1.......................
Consumption of fixed capital..........................................................
Net value added.............................................................................
Compensation of employees..
Wage and salary accruals...
Supplements to wages and salaries......................................
Taxes on production and imports less subsidies.........................
Net operating surplus............
Net interest and miscellaneous payments.............................
Business current transfer payments.......................................
Corporate profits with IVA and CCAdj....................................
Taxes on corporate income
Profits after tax with IVA and CCAdj....................................
Net dividends............
Undistributed profits with IVA and CCAdj........................
8.195.3
945.3
7,249.9
5.110.1
4,223.6
886.5
663.9
1.476.0
100.5
77.8
1.297.8
450.4
847.4
671.1
176.3
1 , 011.1
5,227.9
4,317.8
910.1
678.0
73.7
.
8,207.1
965.7
7.241.4
5.194.4
4,298.0
896.4
672.1
1,374.9
103.6
81.6
1.189.7
433.5
756.3
706.6
49.7
8.233.3
978.8
7.254.5
5.222.3
4.316.6
905.7
670.4
1,361.8
100.6
66.1
1,195.1
402.9
792.1
654.9
137.2
8.224.4
996.5
7.227.9
5.219.5
4.309.9
909.6
678.8
1.329.6
105.2
64.7
1.159.8
406.8
753.0
681.6
71.4
8,304.1
1.039.4
7.264.7
5.246.3
4.333.3
913.0
682.0
1.336.5
102.5
97.6
1.136.4
393.5
742.9
647.3
95.6
Gross value added of financial corporate business 1 .......
1 120.2
1.071.6
1.114.0
1,071.4
1.043.4
Gross value added of nonfinancial corporate business 1..
Consumption of fixed capital..........................................................
Net value added.............................................................................
Compensation of employees..
Wage and salary accruals..
Supplements to wages and salaries......................................
Taxes on production and imports less subsidies........................
Net operating surplus............
Net interest and miscellaneous payments.............................
Business current transfer payments
Corporate profits with IVA and CCAdj....................................
Taxes on corporate income
Profits after tax with IVA and CCAd|...................................
Net dividends............
Undistributed profits with IVA and CCAdj.......................
7.075.1
822.3
6.252.8
4.525.3
3.734.2
791.1
611.9
1,115.5
179.4
868.1
321.1
547.0
503.4
43.5
7.135.5
840.7
6.294.8
4.602.7
3.802.8
799.9
619.5
1.072.6
185.4
67.7
819.5
314.7
504.7
533.0
-28.3
7.119.3
852.6
6.266.7
4.623.0
3.814.8
808.2
617.9
1.025.8
180.5
57.9
787.4
279.8
507.6
494.0
13.6
7.153.1
868.5
6.284.6
4.630.8
3.819.1
811.7
625.6
1.028.2
186.7
58.2
783.2
294.0
489.2
514.2
-25.0
7.260.7
909.8
6,350.9
4.653.6
3.838.8
814.7
628.6
1.068.8
180.9
52.6
835.3
303.7
531.6
498.4
33.2
Corporate business:
Profits before tax (without IVA and CCAdj)............................
Profits after tax (without IVA and CCAdj)...............................
Inventory valuation adjustment..............................................
Capital consumption adjustment............................................
1.541.6
1,091.2
-51.2
-192.7
1,352.4
949.5
-109.4
-48.0
1,376.5
969.7
-154.0
-62.7
1,315.2
921.7
-90.9
-71.7
1,473.0
1.039.6
-74.1
-209.2
Nonfinancial corporate business:
Profits before tax (without IVA and CCAdj)............................
Profits after tax (without IVA and CCAdj)...............................
Inventory valuation adjustment..............................................
Capital consumption adjustment............................................
1.091.7
770.7
-51.2
-172.5
-64.7
1.080.6
765.8
-74.1
-187.0
939.6
659.8
-109.4
-42.8
993.3
699.3
-154.0
-56.1
1,006.5
702.7
-90.9
-80.3
Gross value added of nonfinancial corporate business ;
Consumption of fixed capital3 ....................................
Net value added 4.......................................................
6,243.1
716.9
5,526.2
68.1
882.4
4,635.1
3,822.9
812.1
624.9
57.6
1,029.6
5.223.3
4.311.4
911.9
680.8
66.6
4,632.9
3,819.1
813.8
627.5
61.5
Addenda:
-
88.0
-79.6
Value added, in billions of chained (2000) dollars
766.8
6,304.4
731.6
5,572.9
6,283.0
744.8
5,538.3
6,375.1
757.5
5,617.7
6,410.9
789.3
5,621.6
775.5
1. Estimates for financial corporate business and nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are
based on the North American Industry Classification System (NAICS).
2. The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts. For periods when this price index is not available,
the chain-type price index for GDP goods and structures is used.
3. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by
100.
4. Chained-dollar net value added of nonfinancial corporate business is the difference between the gross product and the consumption of fixed capital.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
Table 1.15. Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Domestic Corporate Business
[Dollars]
Seasonally adjusted
Line
2007
2008
2007
2008
II
IV
Price per unit of real gross value added of nonfinancial corporate business 1..............
1.133
1.132
1.133
1.122
1.133
Compensation of employees (unit labor cost)..................................................................
0.725
0.730
0.736
0.726
0.726
Unit nonlabor cost........................................
Consumption of fixed capital........................
Taxes on production and imports less subsidies plus business current transfer payments.
Net interest and miscellaneous payments....................................................... .................
0.270
0.132
0.109
0.029
0.271
0.133
0.109
0.029
0.273
0.136
0.108
0.029
0.272
0.136
0.107
0.029
0.276
0.142
0.106
0.028
Corporate profits with IVA and CCAdj (unit profits from current production).................
Taxes on corporate income................................................................................................
Profits after tax with IVA and CCAdj...................................................................................
0.139
0.051
0.088
0.130
0.050
0.080
0.125
0.045
0.081
0.123
0.046
0.077
0.130
0.047
0.083
1. The implicit price deflator for gross value added of nonfinancial corporate business divided by 100. Estimates for nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard
Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS).
N o t e . The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts. For periods when this price index is not avail
able, the chain-type price index for GDP goods and structures is used.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
D-18
National Data
March 2009
2. Personal Income and Outlays
Table 2.1. Personal Income and Its Disposition
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2007
2008
2008
IV
Personal income................................................................................................................................
Compensation of employees, received............................................................................................
Wage and salary disbursements..................................................................................................
Private industries.................
Government.........................
Supplements to wages and salaries............................................................................................
Employer contributions for employee pension and insurance funds........................................
Employer contributions for government social insurance.........................................................
Proprietors’ income with inventory valuation and capital consumption adjustments.........................
Farm............................................................................................................................................
Nonfarm......................................................................................................................................
Rental income of persons with capital consumption adjustment......................................................
Personal income receipts on assets.................................................................................................
Personal interest income..........
Personal dividend income........
Personal current transfer receipts.
Government social benefits to persons........................................................................................
Old-age, survivors, disability, and health insurance benefits....................................................
Government unemployment insurance benefits.......................................................................
Veterans benefits.......................................
Family assistance 1....................................
Other..........................................................
Other current transfer receipts, from business (net).....................................................................
Less: Contributions for government social insurance.......................................................................
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
I
II
III
IV
11,663.2
7,818.6
6,362.0
5,286.7
1,075.2
1,456.6
991.9
464.7
1,056.2
44.0
1,012.2
40.0
2 ,000.1
1,214.3
785.8
1,713.3
1,681.4
999.4
32.3
41.9
18.8
588.9
31.9
965.1
12,106.9
8,055.8
6,550.8
5,421.3
1,129.5
1,505.0
1,026.9
478.1
1,072.7
34.5
1,038.1
63.8
2,040.4
1,206.3
834.1
1,870.2
1,835.5
1,058.3
52.7
45.4
19.3
659.8
34.7
996.1
11,872.1
7,941.0
6,465.5
5,373.4
1,092.1
1,475.5
1,005.9
469.6
1,073.8
47.1
1,026.7
38.6
2,056.2
1,242.7
813.5
1,737.8
1,704.7
1,009.6
34.3
42.7
19.0
599.2
33.1
975.3
11,960.5
8,009.7
6,518.0
5,408.3
1,109.7
1,491.7
1,015.3
476.4
1,071.7
41.6
1,030.1
39.1
2,054.1
1,224.6
829.5
1,778.1
1,745.8
1,032.4
38.2
44.6
19.2
611.5
32.2
992.2
12,152.2
8,033.5
6,531.3
5,407.9
1,123.4
1,502.2
1,024.4
477.8
1,076.9
38.0
1,039.0
58.6
2,052.3
1,208.7
843.6
1,926.3
1,893.9
1,050.0
41.4
44.9
19.3
738.4
32.4
995.4
12,170.4
8,092.9
6,581.8
5,443.5
1,138.3
1,511.1
1,031.2
479.9
1,080.5
32.4
1,048.2
68.5
2,055.7
1,217.4
838.3
1,872.7
1,831.2
1,068.9
59.2
45.7
19.4
637.9
41.5
1,000.0
1,535.0
12,144.4
8,087.0
6,572.1
5,425.5
1,146.7
1,514.8
1,036.7
478.1
1,061.5
26.2
1,035.3
89.1
1,999-6
1,174.5
825.1
1,903.9
1,871.1
1,081.9
72.0
46.4
19.5
651.3
32.8
996.7
Less: Personal current taxes...........................................................................................................
25
1,492.8
10,170.5
1,520.5
10,351.5
10,425.5
1,346.1
10,806.0
1,492.4
26
1,461.1
10,645.8
1,470.7
Equals: Disposable personal income..............................................................................................
10,699.7
10,652.0
Less: Personal outlays.....................................................................................................................
Personal consumption expenditures................................................................................................
Personal interest payments 2 .......
Personal current transfer payments.................................................................................................
To government.........................
To the rest of the world (net)........................................................................................................
27
28
29
30
31
32
10,113.1
9,710.2
265.4
137.5
81.2
56.3
10,452.9
10,056.8
251.4
144.7
84.4
60.3
10,309.2
9,892.7
276.7
139.8
82.5
57.3
10,404.9
10,002.3
261.7
140.8
82.9
57.9
10,538.2
10,138.0
253.8
146.4
83.7
62.7
10,559.9
10,163.5
248.9
147.5
84.8
62.7
10,308.7
9,923.5
241.0
144.2
86.3
57.9
Equals: Personal saving...................................................................................................................
33
57.4
192.9
42.4
20.6
267.9
139.8
343.2
Personal saving as a percentage of disposable personal income............................................
34
0.6
1.8
0.4
0.2
2.5
1.3
3.2
3b
8,644.0
8,756.4
8,683.1
8,667.9
8,891.0
8,696.4
8,769.6
36
37
38
33,706
28,648
301,737
34,958
28,754
304,530
34,179
28,670
302,865
34,351
28,560
303,498
35,531
29,234
304,128
35,096
28,525
304,872
34,854
28,694
305,620
Disposable personal income, current dollars.........................................................................
39
5.5
4.7
4.9
2.9
15.4
-3.9
-1.8
Disposable personal income, chained (2000) dollars.............................................................
40
2.8
1.3
0.6
-0.7
10.7
-8.5
3.4
Addenda:
Disposable personal income:
Total, billions of chained (2000) dollars 3 .....................................................................................
Per capita:
Current dollars.........................................................................................................................
Chained (2000) dollars.............................................................................................................
Population (midperiod, thousands)..................................................................................................
Percent change from preceding period:
1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996.
2. Consists of nonmortgage interest paid by households.
3. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
Table 2.2B. Wage and Salary Disbursements by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
2007
2008
2007
1
6,362.0
6,550.8
6,465.5
6,518.0
6,531.3
6,581.8
6,572.1
2
7
5,286.7
1,205.4
746.0
4,081.3
1,035.2
3,046.1
5,421.3
1,209.2
741.5
4,212.1
1,046.7
3,165.4
5,373.4
1,218.2
750.2
4,155.3
1,048.3
3,106.9
5,408.3
1,217.7
748.4
4,190.5
1,050.4
3,140.2
5,407.9
1,212.7
745.0
4,195.2
1,048.4
3,146.7
5,443.5
1,211.7
742.2
4,231.8
1,050.4
3,181.5
5,425.5
1,194.7
730.6
4,230.8
1,037.5
3,193.2
8
1,075.2
1,129.5
1,092.1
1,109.7
1,123.4
1,138.3
1,146.7
Line
IV
Wage and salary disbursements...............................................................................................
Private industries...............................................................................................................................
Goods-producing industries..............................................................................................................
Manufacturing..............................................................................................................................
Services-producing industries..................
Trade, transportation, and utilities.........
Other services-producing industries 1
Government................................................
3
4
5
6
2008
I
II
III
IV
1. Other services-producing industries consists of information; finance and insurance; real estate and rental and leasing; professional, scientific, and technical services; management of companies and enterprises,
administrative and support and waste management and remediation services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other
services.
N o t e . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
March 2009
Survey
of
D-19
C u r r e n t B u sin ess
Table 2.3.2. Contributions to Percent Change in Real Personal
Consumption Expenditures by Major Type of Product
Table 2.3.1. Percent Change From Preceding Period in Real Personal
Consumption Expenditures by Major Type of Product
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
I
IV
Personal consumption
expenditures..................
Durable goods...........................
Motor vehicles and parts.........
Furniture and household
equipment............................
Other.......................................
Nondurable goods.....................
Food........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Gasoline and oil...................
Fuel oil and coal..................
Other.......................................
Services......................................
Housing...................................
Household operation...............
Electricity and gas...............
Other household operation...
Transportation..........................
Medical care............................
Recreation..............................
Other.......................................
Addenda:
Energy goods and services 1...
Personal consumption
expenditures excluding food
and energy...........................
II
Line
III
2007
2008
IV
IV
2008
2007
I
II
III
IV
Percent change at annual rate:
1
2
2.8
0.2
4.8
3
2.0
-4.3
-13.3
4
5
4.8
2.5
1.9
4.7
6
7
8
9
10
11
12
13
14
15
16
17
18
19
8.0
0.8
0.1
10.0
3.2
2.6
1.5
1.8
1.9
1.8
20
21
1.9
2.9
4.5
3.2
22
1.2
23
3.1
0.9
1.2
-3.8
-4.3
- 0.8
-4.3
-10.7
-2.8
-19.7
-14.8
-26.6
-22.1
-38.0
3.4
- 0.8
3.9
-3.6
1.8
-2.3
14.0
2.4
- 8.2
-4.6
- 8.6
-17.2
-0.6
- 0.1
0.4
0.3
-0.4
1.3
3.0
3.9
4.1
10.9
-7.1
-7.3
-13.3
-9.2
-14.8
-9.5
-4.4
-3.7
-13.0
0.3
1.5
0.9
-0.3
-2.3
1.0
0.4
2.8
-3.2
-1.7
- 2.0
3.2
-1.5
1.4
- 6.0
-5.2
-16.1
- 1.8
2.4
0.5
-6.4
-4.9
-23.7
-13.4
-12.4
-26.2
6.2
0.2
0.7
1.7
-4.3
- 11.0
1.0
2.1
-3.0
3.5
-0.7
1.5
- 0.8
4.0
-0.4
- 0.8
7.4
- 2.1
1.7
4.9
-4.7
4.1
-0.1
0.7
- 8.2
-20.7
-2.3
2.5
-1.5
-3.6
-0.9
-1.5
- 8.0
1.2
- 0.6
0.6
1.2
1.8
2.5
0.5
3.9
0.8
2.8
1.3
-0.3
1.0
9.2
29.0
-7.9
1.4
0.4
7.1
14.2
2.3
-5.7
1.8
0.5
0.2
2.1
-16.0
11.9
- 2.1
1.5
10.6
-3.6
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Personal consumption
expenditures..................
1
2.8
0.2
1.0
0.9
1.2
-3.8
-4.3
Durable goods............................
Motor vehicles and parts..........
Furniture and household
equipment...........................
Other.......................................
2
3
0.54
0.09
-0.46
-0.59
0.04
-0.04
-0.47
-0.49
-0.30
-0.90
-1.60
-1.15
-2.40
-1.62
4
5
0.34
0.11
0.15
- 0.02
0.16
-0.09
0.07
-0.05
0.55
0.06
-0.35
-0.11
-0.36
-0.42
Nondurable goods.....................
Food........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Gasoline and oil...................
Fuel oil and coal...................
Other.......................................
6
-0.18
- 0.02
0.08
0.38
-0.11
0.18
8
0.72
0.26
0.18
0.02
- 0.12
0.11
1.13
0.56
0.39
-2.17
-1.04
-0.52
-2.79
-2.19
-0.36
9
0.03
10
11
12
0.00
0.02
-0.19
-0.15
-0.04
-0.07
-0.07
0.02
-0.28
- 0.20
-0.08
0.46
-0.63
-0.54
-0.09
0.25
-0.26
- 0.20
-0.05
-0.14
0.40
0.32
0.07
-0.63
13
14
15
16
17
18
19
1.53
0.87
0.14
0.84
0.17
0.13
1.44
0.07
-0.04
0.01
0.12
0.16
-0.07
0.06
0.84
- 0.20
0.57
0.40
0.25
-0.24
-0.27
0.03
- 0.11
0.49
0.05
-0.05
-0.47
-0.53
0.07
-0.09
0.44
-0.06
0.03
-1.16
0.70
-1.62
-2.83
Percentage points at annual
rates:
Services.....................................
Housing...................................
Household operation................
Electricity and gas...............
Other household operation...
Transportation..........................
Medical care............................
Recreation...............................
Other.......................................
Addenda:
Energy goods and services 1..,.
Personal consumption
expenditures excluding food
and energy...........................
7
20
21
0.22
0.10
0.04
0.06
0.07
0.50
0.18
0.45
- 0.02
-0.06
0.04
- 0.02
0.60
-0.03
0.21
0.01
- 0.12
-0.03
0.69
- 0.01
- 0.11
0.10
22
0.07
-0.25
-0.05
-0.09
-0.55
23
2.46
0.50
0.62
0.78
1.22
0.02
0.11
0.87
0.06
0.38
0.31
0.07
- 0.21
0.32
0.02
0.30
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
Table 2.3.3. Real Personal Consumption Expenditures by Major
Type of Product, Quantity Indexes
Table 2.3.4. Price Indexes for Personal Consumption Expenditures by Major
Type of Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Seasonally adjusted
Line
2007
2008
2007
Personal consumption
expenditures..................
Durable goods...........................
Motor vehicles and parts.........
Furniture and household
equipment............................
Other......................................
Line
2008
I
IV
II
III
1 122.456 122.741 123.130 123.395 123.770 122.572 121.226
2 143.908 137.665 144.856 143.284 142.273 136.695 128.407
3
115.582
100.183
114.513
111.313
105.357
97.517
86.542
4 189.830
5 139.314
196.349
138.177
193.857
140.796
194.714 201.210
139.967 140.804
196.934
139.174
192.537
132.763
6 122.872 122.153 123.261 123.147 124.317 122.035 119.112
Nondurable goods.....................
Food........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Gasoline and oil...................
Fuel oil and coal..................
Other.......................................
10 105.007 101.171 104.617 103.243 101.954 98.641 100.846
11 86.464 75.198 84.398 80.774 75.486 69.967 74.565
12 128.976 129.337 129.094 128.514 130.448 130.525 127.859
Services......................................
Housing...................................
Household operation...............
Electricity and gas...............
Other household operation...
Transportation..........................
Medical care............................
Recreation...............................
Other.......................................
13 118.259
14 116.420
15 107.959
16 105.447
17 109.760
18 102.731
19 129.317
20 124.880
21 115.218
Addenda:
Energy goods and services 1...
Personal consumption
expenditures excluding food
and energy...........................
7
120.038
119.902
120.924
121.315
122.534
120.232
115.527
8 138.677 139.210 138.806 139.821 143.488 138.462 135.068
9 103.438
98.930
119.984
117.484
107.609
103.037
111.059
102.154
133.787
123.969
116.920
102.901
101.329
99.664
124.197
124.975
124.921
125.225
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
98.591
119.020 119.739 119.937 119.916 120.343
116.839 116.978 117.469 117.687 117.803
108.696 109.183 108.001 105.716 107.536
105.540 107.453 104.375
98.502 101.819
110.980 110.404 110.677 111.261 111.894
102.969 103.408 102.628 102.026 100.552
130.943 132.522 133.451 134.285 134.889
125.365 123.860 124.263 123.801 123.952
115.638 116.814 116.714 116.768 117.384
22 104.223 100.460 103.913 103.532 101.388
23
96.137
125.703
2007
2008
IV
97.073
99.848
125.048
123.923
Personal consumption
expenditures..................
2007
2008
IV
I
II
III
IV
121.470
85.357
96.758
1 117.659
87.154
3
98.589
121.585
86.071
98.046
119.221
86.598
98.919
120.283
86.581
98.698
121.544
86.237
98.382
123.041
4
5
66.991
102.264
68.445
99.608
121.092
121.553
90.311
68.115
100.809
67.161
102.109
125.021
124.943
89.520
66.716
102.720
Durable goods............................
Motor vehicles and parts..........
Furniture and household
equipment...........................
Other.......................................
2
Nondurable goods.....................
Food........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Gasoline and oil...................
Fuel oil and coal...................
Other.......................................
6 118.407 124.659
10 184.642 215.081 204.938 216.917 228.625 249.711 165.070
11 192.322 252.618 213.849 235.889 270.125 278.348 226.109
12 111.013 113.241 111.638 112.598 113.027 113.325 114.017
Services.....................................
Housing...................................
Household operation................
Electricity and g as...............
Other household operation...
Transportation..........................
Medical care............................
Recreation...............................
Other.......................................
13 124.712 128.736 126.253 127.133 128.450 129.538 129.824
14 124.679 128.013 126.086 126.994 127.623 128.405 129.029
15 124.813 131.689 126.005 127.183 131.604 134.783 133.187
16 144.797 157.146 146.182 148.139 157.995 164.322 158.129
17 113.275 117.076 114.354 115.093 116.476 117.958 118.776
18 119.318 125.478 121.004 122.455 124.768 126.808 127.881
19 126.601 129.550 128.078 128.364 129.127 130.037 130.672
20 120.418 124.178 121.833 122.851 123.699 125.200 124.965
21 125.365 129.864 127.259 128.529 129.950 130.416 130.559
Addenda:
Energy goods and services ’ ....
Personal consumption
expenditures excluding food
and energy...........................
7
69.924
99.421
126.182
90.133
123.059
123.007
90.203
8
119.682
90.595
9
185.237 217.638 205.630 218.289
86.110
98.345
128.129
127.519
90.817
65.972
103.418
122.425
129.258
89.992
231.457 251.777
169.028
22 167.857 191.566 180.026 188.015 199.763 214.001
23
114.548
117.031
115.512
116.158
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
116.782
117.481
164.486
117.704
D-20
National Data
March 2009
Table 2.3.5. Personal Consumption Expenditures by Major
Type of Product
Table 2.3.6. Real Personal Consumption Expenditures by Major
Type of Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
IV
Personal consumption
expenditures..................
Durable goods...........................
Motor vehicles and parts.........
Furniture and household
equipment............................
Other.......................................
Nondurable goods.....................
Food........................................
Clothing and shoes..................
Gasoline, fuel oil, and other
energy goods.......................
Gasoline and oil...................
Fuel oil and coal..................
Other.......................................
.......
Services
Housing...................................
Household operation...............
Electricity and gas...............
Other household operation...
Transportation..........................
Medical care............................
Recreation...............................
Other.......................................
Addenda:
Energy goods and services '
Personal consumption
expenditures excluding food
and energy..........................
1 9,710.2 10,056.8
2 1,082.8 1,023.2
I
Line
III
9,923.5
1,071.0
424.7
1,059.3
400.6
1,016.2
370.7
946.3
323.7
415.3
229.9
423.0
235.7
411.2
234.3
397.6
225.0
3,026.2
1,416.3
382.4
3,044.6
1,418.4
374.4
2,839.3
1,381.4
361.9
440.4
379.9
415.3
227.0
6
2,833.0
1,329.1
374.0
411.7
231.6
2,965.2
1,399.2
373.6
2,906.2
1,359.8
373.2
415.1
231.3
2,950.7
1,380.5
375.5
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.......................................
412.1
382.0
30.1
780.4
405.3
376.7
28.6
767.9
423.7
393.4
30.2
771.1
441.8
409.5
32.3
785.7
463.6
432.7
30.9
788.2
319.2
292.5
26.7
776.8
6,068.4
1,513.7
552.7
231.8
320.9
373.3
1,779.6
413.0
1,436.2
5,903.5
1,482.7
534.3
20
21
366.9
340.6
26.3
762.9
5,794.4
1,460.9
525.7
218.8
306.9
357.0
1,681.1
403.4
1,366.3
313.2
362.9
1,721.9
409.7
1,392.0
5,980.6
1,495.1
541.7
228.1
313.6
368.8
1,746.6
408.2
1,420.2
6,052.5
1,508.8
554.5
236.3
318.1
372.9
1,769.3
412.3
1,434.6
6,102.7
1,520.9
555.8
231.9
323.9
376.8
1,792.9
415.8
1,440.4
6,137.9
1,529.8
558.7
230.7
328.0
374.5
1,809.7
415.5
1,449.6
Services
..........
Housing....................................
Household operation................
Electricity and gas...............
Other household operation...
Transportation..........................
Medical care............................
Recreation...............................
Other.......................................
Residual.......................................
22
585.7
643.8
626.4
651.8
678.1
695.6
549.9
23
7,795.3
8,013.8
7,906.6
7,970.1
8,043.5
8,049.5
7,992.2
Addenda:
Energy goods and services 1....
Personal consumption
expenditures excluding food
and energy..........................
9
10
11
12
13
14
15
16
17
18
19
221.1
2007
2008
IV
1,083.0
437.8
3
8
II
9,892.7 10,002.3 10,138.0 10,163.5
4
5
7
Seasonally adjusted at annual rates
1
2
2007
2008
IV
I
II
III
IV
8,252.8
8,272.0
8,298.2
8,316.1
8,341.3
8,260.6
8,169.9
3
1,242.4
446.7
1,188.5
387.2
1,250.6
442.6
1,237.0
430.2
1,228.3
407.2
1,180.1
376.9
1,108.6
334.5
4
5
594.0
228.3
614.4
226.5
606.6
230.8
609.3
229.4
629.6
230.8
616.2
228.1
602.5
217.6
6
2,392.6
1,110.5
412.9
2,378.6
1,109.3
414.4
2,400.2
1,118.7
413.2
2,397.9
1,122.4
416.3
2,420.7
1,133.6
427.2
2,376.3
1,112.3
412.2
2,319.4
1,068.8
402.1
198.1
184.5
13.7
687.3
189.4
177.7
11.9
689.2
197.0
183.8
13.4
687.9
194.0
181.4
184.1
173.3
188.8
177.1
684.8
190.8
179.1
11.9
695.1
695.5
681.3
20
21
22
4,646.2
1,171.7
421.2
151.1
270.9
299.2
1,327.8
335.0
1,089.9
-70.7
4,714.0
1,182.4
419.8
147.7
274.1
297.5
1,373.7
332.6
1,106.0
-72.6
4,676.1
1,175.9
424.0
151.2
273.9
299.9
1,344.5
336.3
1,093.9
-74.4
4,704.3
1,177.3
425.9
154.0
272.5
301.2
1,360.8
332.3
1,105.0
-73.6
4,712.1
1,182.3
421.3
149.6
273.2
298.9
1,370.3
333.4
1,104.0
-84.9
4,711.3
1,184.5
412.4
141.2
274.6
297.2
1,378.9
332.1
1,104.6
-78.1
4,728.1
1,185.6
419.5
145.9
276.2
292.9
1,385.1
332.5
1,110.4
-54.4
23
348.9
336.3
347.9
346.6
339.4
325.0
334.3
24
6,805.3
6,847.9
6,845.0
6,861.6
6,887.8
6,851.9
6,790.3
7
8
9
10
11
12
13
14
15
16
17
18
19
12.8
11.1
11.8
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
1. Consists of gasoline, fuel oil, and other energy goods and of electricity and gas.
N o t e . Chained (2 0 0 0 ) dollar series are calculated as the product of the chain-type quantity index and the 2 0 0 0 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights
of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the differ
ence between the first line and the sum of the most detailed lines.
March
2009
Survey
of
C u r r e n t B usin ess
D -2 1
3. Government Current Receipts and Expenditures
Table 3.1. Government Current Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Current receipts.........................................................................
Current tax receipts.............................................................................
Personal current taxes.....................................................................
Taxes on production and imports....................................................
Taxes from the rest of the world......................................................
Contributions for government social insurance.....................................
Income receipts on assets...................................................................
Interest and miscellaneous receipts................................................
Dividends.........................................................................................
Current transfer receipts......................................................................
From business (net).........................................................................
From persons..................................................................................
Current surplus of government enterprises.........................................
1
?
3
4
5
6
7
8
9
10
11
12
13
14
4,177.8
2,948.5
1,492.8
1,015.5
426.3
14.0
965.1
129.5
126.6
2.8
142.6
61.4
81.2
-7.9
Current expenditures................................................................
Consumption expenditures..................................................................
Current transfer payments...................................................................
Government social benefits.............................................................
To persons...................................................................................
To the rest of the world................................................................
Other current transfer payments to the rest of the world (net)..........
Interest payments................................................................................
20
21
22
Subsidies.............................................................................................
Less: Wage accruals less disbursements...........................................
?3
?4
25
26
Net government saving.............................................................
Social insurance funds........................................................................
Other..................................................................................................
?7
28
?9
-218.9
11.9
-230.8
30
31
32
4,209.3
4,177.8
31.6
Total expenditures. ..
Current expenditures
Gross government investment.....................................................
Capital transfer payments
Net purchases of nonproduced assets........................................
Less: Consumption of fixed capital..............................................
33
34
35
36
37
38
4,608.7
4,396.7
462.8
28.8
9.7
289.4
Net lending or net borrowing ( - ) ..................................................
39
-399.4
15
16
17
18
19
1,461.1
1,037.8
15.2
996.1
135.7
132.7
3.1
147.8
63.3
84.4
- 8.1
2008
I
II
IV
III
4,218.1
2,973.7
1,520.5
1,027.7
407.7
17.9
975.3
131.3
128.4
2.9
144.5
62.1
82.5
-6.7
4,215.6
2,951.8
1,535.0
1,025.8
375.8
15.3
992.2
132.7
129.7
3.0
145.9
63.0
82.9
-7.1
4,049.9
2,779.2
1,346.1
1,039.4
378.9
14.8
995.4
135.6
132.7
2.9
147.4
63.6
83.7
-7.7
4,154.1
2,895.2
1,470.7
1,044.1
365.2
15.2
1,000.0
135.7
132.9
4,598.7
2,324.3
1,793.5
1,749.5
1,745.8
3.7
44.0
430.3
259.2
171.1
50.6
4,766.3
2,380.9
1,930.2
1,897.6
1,893.9
3.8
32.6
404.4
232.4
172.0
50.8
4,801.7
2,439.8
1,866.8
1,834.9
1,831.2
3.7
31.9
444.8
278.6
166.2
50.3
4,725.3
2,400.1
1,912.3
1,874.9
1,871.1
3.7
37.4
361.8
2.8
131.2
46.4
84.8
- 8.0
1,492.4
1,042.0
15.6
996.7
138.9
135.3
3.6
166.6
80.2
86.3
-9.5
4,396.7
2 ,212.0
1,721.3
1,685.0
1,681.4
3.6
36.3
411.1
246.0
165.1
52.3
4,723.0
2,386.3
1,875.7
1,839.2
1,835.5
3.7
36.5
410.3
50.7
4,476.7
2,266.8
1,751.2
1,708.4
1,704.7
3.6
42.8
406.4
235.5
170.9
52.3
0.0
0.0
0.0
0.0
0.0
0.0
0.0
-383.1
-32.3
-258.6
11.7
-270.3
-647.6
-44.9
-602.7
-72.4
-385.3
-716.4
-14.2
-702.2
33.4
4,250.6
4,218.1
32.5
4,249.8
4,215.6
34.3
4,084.8
4,049.9
35.0
4,187.1
4,154.1
33.0
4,996.7
4,723.0
496.5
102.3
-16.0
309.1
4,700.5
4,476.7
476.1
34.6
9.4
296.3
4,810.0
4,598.7
473.9
34.6
3.3
300.5
4,906.4
4,766.3
492.8
34.6
-81.6
305.7
5,034.8
4,801.7
506.3
34.6
4.4
312.1
-450.0
-560.2
-821.6
-847.7
2.2
51.2
Addenda:
Capital transfer receipts
31.2
5,235.6
4,725.3
513.1
305.4
10.1
318.3
D-22
National Data
March 2009
Table 3.2. Federal Government Current Receipts and Expenditures
Table 3.3. State and Local Government Current Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
1 2,651.2
Personal current taxes..................
Taxes on production and imports...
Excise taxes.............................
Customs duties.........................
?
3
4
5
6
7
Federal Reserve banks............
8
Taxes from the rest of the world....
Contributions for government social
insurance......................................
Income receipts on assets................
Interest receipts............................
Rents and royalties.......................
Current transfer receipts...................
From business.............................
From persons...............................
Current surplus of government
enterprises...................................
10
Current expenditures.............
Consumption expenditures...............
Current transfer payments................
Government social benefits..........
To persons...............................
To the rest of the world.............
Other current transfer payments....
Grants-in-aid to state and local
governments.........................
To the rest of the world (net).....
Interest payments.............................
To persons and business..............
To the rest of the world.................
Subsidies..........................................
Less: Wage accruals less
disbursements..............................
q
11
12
1,644.5
1,167.3
97.7
68.9
28.8
365.4
34.6
330.8
14.0
1,127.6
96.4
67.4
29.0
15.2
2008
I
II
2,679.2
1,660.0
1,194.7
98.0
2,672.5
1,634.9
1,201.2
95.8
68.1
66.8
29.9
349.5
33.5
316.0
17.9
29.0
322.5
32.9
289.6
15.3
21.6
968.9
29.9
21.7
2,595.7
1,565.0
1,141.7
94.7
971.8
31.7
21.9
9.8
40.0
976.0
32.4
22.4
952.3
29.5
13
14
15
16
17
7.9
38.2
20.7
17.5
39.4
21.7
17.7
18
- 2.2
-0.5
- 0.8
-0.5
- 0.6
19
2,880.5
856.1
1,666.7
1,254.2
1,250.6
3.6
412.5
3,096.0 2,915.6
871.6
931.9
1,808.2 1,692.5
1,383.4 1,270.1
1,379.7 1,266.5
3.7
3.6
422.4
424.8
3,003.2
898.0
1,729.2
1,305.3
1,301.7
3.7
423.9
3,128.4
918.2
1,860.1
1,443.1
1,439.4
3.8
417.0
23
24
25
26
27
28
?9
30
31
376.3
36.3
312.6
147.5
165.1
45.2
388.3
36.5
308.2
47.7
379.6
42.8
306.4
135.5
170.9
45.1
379.9
44.0
329.4
158.3
171.1
46.6
22.0
18.0
384.4
32.6
302.3
130.3
172.0
47.8
66.1
28.6
313.4
31.6
281.7
15.2
1,167.5
98.0
69.0
29.0
15.6
22.4
4.3
18.1
972.5
33.9
23.6
10.3
55.6
37.4
18.2
- 0.1
-0.7
10.1
3,139.8 3,112.7
954.2
957.4
1,794.9 1,848.5
1,376.5 1,408.7
1,372.7 1,405.0
3.7
3.7
418.4
439.7
386.6
31.9
342.6
176.4
166.2
48.2
402.3
37.4
258.5
48.3
0.0
0.0
0.0
0.0
-37.9
-236.3
6.4
-242.7
-330.7
-3.2
-327.5
-649.6
-19.8
-629.8
-544.0
-50.5
-493.5
28.2
2,706.6
2,679.2
27.4
2,701.7
2,672.5
29.2
2,508.7
2,478.8
29.8
2,623.5
2,595.7
27.8
25.9
2,973.1
2,880.5
123.2
82.4
3,248.8
3,096.0
139.9
157.8
3,016.3
2,915.6
126.7
89.6
3,095.5
3,003.2
128.5
86.4
3,144.4
3,128.4
138.0
87.5
3,251.0
3,139.8
143.9
93.2
3,504.4
3,112.7
149.0
364.1
-1.3
-27.0
-1.7
-7.7
-92.6
- 6.6
-0.9
44
111.8
117.9
113.9
-635.8
119.2
-627.4
120.5
-295.4
115.0
-393.8
116.9
45
0.0
-229.3
6.4
-235.7
Total receipts..............................
Current receipts........................
Capital transfer receipts............
3fi
37
38
2,677.7
2,651.2
26.5
Total expenditures......................
Current expenditures................
Gross government investment...
Capital transfer payments.........
Net purchases of nonproduced
assets...................................
Less: Consumption of fixed
capital...................................
39
40
41
42
43
Net lending or net borrowing (-)
0.0
Net Federal Government
Social insurance funds.....................
-78.1
Addenda:
-309.6
2008
1 1,902.8
0.0
32
33
34
35
2007
IV
2,478.8
1,436.0
999.8
96.9
67.5
29.4
324.4
28.5
296.0
14.8
972.3
32.0
22.4
9.6
39.3
21.3
18.0
8.2
Line
III
942.3
29.2
21.9
7.2
37.5
20.5
17.1
20
21
22
Seasonally adjusted at annual rates
Current tax receipts..........................
Personal current taxes..................
Income taxes............................
Other.........................................
Taxes on production and imports...
Sales taxes...............................
Property taxes..........................
Other....
Taxes on corporate income...........
Contributions ror government social
insurance.....................................
Income receipts on assets................
Interest receipts............................
Dividends......................................
Rents and royalties.......................
Current transfer receipts...................
Federal grants-in-aid.....................
From business (net)......................
From persons................................
Current surplus of government
enterprises....................................
Current expenditures.............
Consumption expenditures...............
Government social benefit payments
to persons.....................................
Interest payments.............................
Subsidies.........................................
Less: Wage accruals less
disbursements..............................
Net state and local
government saving.............
Social insurance funds......................
Other................................................
?
3
4
5
6
7
8
9
m
11
12
13
14
15
16
17
18
19
1,304.1
325.4
298.3
27.1
917.8
436.5
390.9
90.3
60.9
22.8
100.3
84.6
2.8
12.8
481.3
376.3
40.9
64.1
333.5
306.0
27.5
941.4
436.4
404.6
100.5
23.8
103.7
87.6
3.1
13.1
496.7
388.3
42.0
66.5
2007
2008
IV
I
II
III
1,918.4
1,313.7
325.8
298.4
27.5
929.7
439.8
398.3
91.5
58.2
1,922.9
1,317.0
333.7
306.7
27.0
929.9
438.5
401.5
89.9
53.3
1,955.4
1,343.3
346.4
319.0
27.4
942.4
436.9
403.8
101.7
54.5
1,944.9
1,330.2
329.0
301.3
27.6
949.4
440.2
405.9
103.4
51.9
22.9
23.3
102.9
87.0
3.0
23.6
103.9
23.9
103.2
87.3
101.8
85.9
2.9
13.0
485.9
379.6
41.3
65.0
12.8
486.4
379.9
41.4
65.2
88.2
2.9
12.9
491.8
384.4
41.6
65.8
IV
324.9
297.2
27.8
944.0
429.9
407.1
107.0
13.1
495.4
386.6
42.1
24.2
105.0
87.8
3.6
13.6
513.3
402.3
42.8
66.8
68.2
2.8
-5.7
20
-7.6
-5.9
- 6.6
-7.1
-7.9
-8.9
21 1,892.4 2,015.2 1,940.7 1,975.3 2,022.3 2,048.5 2,014.9
22 1,355.9 1,454.3 1,395.2 1,426.3 1,462.7 1,485.7 1,442.7
23
24
25
430.8
98.5
7.1
455.8
438.3
458.4
100.0
102.1
3.0
7.3
444.2
100.9
4.0
454.5
102.1
3.0
102.2
2.2
26
0.0
0.0
0.0
0.0
0.0
0.0
0.0
?7
28
10.4
5.5
4.9
5.6
-22.3
5.3
-27.6
-52.4
5.4
-57.8
-66.9
5.5
-72.4
-103.6
5.6
-109.2
5.7
Total receipts...............................
Current receipts........................
Capital transfer receipts............
30
31
32
1,961.5
1,902.8
58.7
1,979.8 2,013.5
1,922.9 1,955.4
56.9
58.1
2,008.7
1,944.9
63.8
Total expenditures......................
Current expenditures................
Gross government investment...
Capital transfer payments.........
Net purchases of nonproduced
assets...................................
Less: Consumption of fixed
capital...................................
33 2,065.5 2,191.7
34 1,892.4 2,015.2
339.6
35
356.7
3fi
3/
11.0
11.0
11.2
11.1
11.0
11.0
11.0
38
177.6
191.2
182.4
185.5
188.8
192.9
197.8
Net lending or net borrowing (-)
39
-104.0
-140.3
-166.3
-185.8
-220.3
466.2
103.2
2.8
Addenda:
60.7
1,978.6
1,918.4
60.1
2,118.9 2,146.2 2,199.3
1,940.7 1,975.3 2,022.3
349.4
345.3
354.9
64.0
2,229.0 2,192.2
2,048.5 2,014.9
362.4
364.1
March 2009
Survey
of
D-23
C u r r e n t B usin ess
Table 3.9.1. Percent Change From Preceding Period in Real Government
Consumption Expenditures and Gross Investment
Table 3.9.2. Contributions to Percent Change in Real Government
Consumption Expenditures and Gross Investment
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Government consumption
expenditures and gross
investment.........................
Consumption expenditures 1
Gross investment2.............
Structures.......................
Equipment and software
Federal..........................................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
National defense.......................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
Nondefense...............................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
State and local..............................
Consumption expenditures.........
Gross investment........................
Structures...............................
Equipment and software
1
2
3
4
5
6
2.9
7.7
1.0
1.6
1.7
-0.5
- 1.2
4.7
42.0
- 1.1
3.5
1.2
9
7.4
6.0
5.2
11.7
18.4
10
11
12
0.2
10.6
2.5
7.2
6.3
13.6
28.3
7
8
1.2
13
14
15
I
2.1
1.9
3.0
3.8
1.7
2.8
2.6
1.6
12.8
0.6
12.1
0.8
0.5
2.3
3.1
-0.9
-1.4
3.0
94.8
-4.1
16
17
18
19
-0.2
- 0.2
3.6
3.0
- 0.8
0.2
4.0
8.0
11.6
8.1
12.1
20
21
22
- 1.0
6.7
6.7
2.3
1.6
23
24
25
3.7
3.6
4.6
1.2
1.3
0.5
2.0
0.1
2.4
2008
1.9
3.2
-3.8
-9.4
7.3
5.8
1.5
0.9
4.7
III
5.8
5.8
5.9
3.9
2.1
13.4
9.5
20.7
6.1
5.7
1.6
2.2
- 1.2
-4.3
4.6
-45.1
14.0
7.3
3.4
38.7
60.4
36.6
18.0
17.3
22.7
100.3
16.1
39.2
-2.9
2.9
2.9
5.0
4.0
2.8
11.8
19.6
-3.0
-6.9
20.0
5.1
5.6
1.5
19.4
-4.7
15.1
10.7
48.0
29.4
56.2
-0.3
1.4
- 6.8
-9.1
4.5
2.5
1.3
-1.4
7.3
7.4
6.0
10.2
6.7
5.6
14.0
33.8
10.5
3.1
3.4
1.1
1.2
1.1
0.0
7.8
9.0
2.5
2.3
3.4
-6.7
- 6.8
-6.3
- 2.6
2007
IV
13.8
13.5
15.7
50.1
4.9
-13.8
8.9
2008
IV
6.6
3.6
29.4
16.5
31.8
6.0
0.4
1.6
II
2007
Line
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
2008
I
II
1
2.1
2.9
0.8
1.9
3.9
Percentage points at annual
rates:
Consumption expenditures '
Gross investment2.............
Structures.......................
Equipment and software
2
3
4
5
1.56
0.52
0.41
2.32
0.59
0.14
0.46
0.40
0.41
0.35
0.06
2.60
-0.67
- 1.10
0.43
1.76
2.18
0.59
0.54
0.05
0.05
2.18
1.65
0.53
-0.18
-0.39
2.09
1.87
0.21
0.12
0.01
0.40
0.25
-0.04
0.22
- 0.11
0.61
0.56
0.05
0.03
1.76
1.35
0.41
0.08
0.33
-0.22
-0.31
0.09
-0.02
- 0.02
0.42
0.30
0.04
-0.08
0.00
0.02
- 0.01
0.12
0.12
0.05
0.07
1.48
0.73
0.67
0.06
Federal..........................................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
National defense.......................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
Nondefense...............................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
State and local..............................
Consumption expenditures.........
Gross investment........................
Structures..............................
Equipment and software.....
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
0.11
0.02
1.02
0.46
0.36
0.10
IV
III
Percent change at annual rate:
Government consumption
expenditures and gross
investment.........................
5.8
1.6
4.77
1.78
- 0.21
-0.49
0.28
1.01
1.02
0.66
1.17
0.35
2.38
1.15
1.23
2.46
1.80
0.80
0.76
0.04
0.13
-0.09
0.33
0.11
1.12
4.92
4.19
0.72
0.32
0.41
1.76
1.58
0.18
-0.19
0.36
1.81
0.75
1.06
0.14
0.92
4.33
3.63
0.70
0.24
0.46
0.57
0.40
0.17
-0.03
0.59
0.56
0.05
0.07
0.33
0.29
0.04
0.08
-0.03
0.08
-0.05
0.12
0.20
0.01
0.99
0.80
0.19
0.09
-0.16
0.73
-0.89
-0.99
0.05
0.10
0.10
1.56
0.61
0.95
0.90
0.05
0.87
0.58
0.29
0.35
-0.05
-0.89
- 0.02
-0.87
-0.73
-0.13
0.21
- 0.11
0.02
0.66
0.24
0.42
1.66
1.04
0.62
0.51
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
Table 3.9.3. Real Government Consumption Expenditures and
Gross Investment, Quantity Indexes
Table 3.9.4. Price Indexes for Government Consumption Expenditures and
Gross Investment
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Seasonally adjusted
Line
2007
2008
2007
IV
Government consumption
expenditures and gross
investment.........................
Consumption expenditures 1
Gross investment2.............
Structures.......................
Equipment and software
Federal...........................................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
Line
2008
I
II
III
120.662
106.217
150.355
133.488
130.915
152.854
104.397
163.622
124.513 126.317 125.936
108.649 110.258 109.055
157.610 159.804 161.610
135.628 140.080 142.378
132.071 136.324 138.210
163.015 169.051 174.688
108.456 120.041 129.098
175.330 179.636 184.157
IV
11 135.596 145.294 137.694 140.125 142.621 148.643 149.786
12 132.457 140.744 134.343 136.773 137.921 143.533 144.748
Government consumption
expenditures and gross
investment.........................
Consumption expenditures '
Gross investment2 .............
Structures.......................
Equipment and software
Federal..........................................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
National defense.......................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
13 159.765 181.486 163.647 166.030 180.174 189.622 190.120
14 105.467 135.305 127.851 110.037 123.836 147.324 160.021
15 166.336 186.513 167.228 172.794 186.813 193.933 192.512
National defense.......................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
Nondefense...............................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
16 120.127 124.457 120.614 121.469
17 119.048 122.565 119.214 120.061
18 128.357 138.650 131.166 132.081
19 92.648 103.400 96.374 100.780
20 144.470 154.175 146.668 145.551
128.937
126.067
150.371
110.356
168.278
Nondefense..............................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
21 110.167 111.436 110.914 110.844 111.517 111.891 111.493
22 109.828 111.270 110.478 110.874 111.201 111.509 111.497
State and local..............................
Consumption expenditures.........
Gross investment........................
Structures...............................
Equipment and software....
State and local..............................
Consumption expenditures.........
Gross investment........................
Structures...............................
Equipment and software.........
122.949
121.235
135.821
98.994
152.354
124.473
122.897
136.325
103.471
150.519
23 111.471 112.048 112.612 110.632 112.741 113.391 111.428
24 107.965 108.105 108.950 106.396 108.713 109.616 107.694
25 128.636 131.751 130.667 132.115 132.924 132.051 129.913
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
2008
IV
1 116.871 120.272 117.879 118.443 119.594 121.288 121.762
2 116.177 119.428 117.054 117.969 118.584 120.256 120.902
3 120.192 124.357 121.846
4 107.222 108.545 108.862
5 146.140 157.345 147.731
6 130.078 137.893 131.610
7 127.744 134.380 129.032
8 147.570 164.902 151.035
9 97.565 115.498 108.340
10 158.877 175.686 160.179
2007
2007
2008
I
II
III
IV
1 132.941 139.230 135.174 137.237 139.588 141.107 138.986
2 134.359 141.006 136.669 139.047 141.695 143.184 140.100
3 126.461
4 147.467
5 97.122
6 130.076
7 134.215
8 105.078
9 141.487
10 99.751
11 131.874
12 136.220
13 105.255
14 143.122
15 102.270
16
17
18
19
126.636
130.378
104.556
140.686
20 93.892
131.118
155.083
98.125
134.289
138.889
106.713
145.826
101.028
136.574
141.372
107.380
145.367
104.385
128.346 128.990 130.006 131.654 133.822
150.761 151.825 153.179 155.763 159.565
97.247 97.371
97.956 98.469 98.703
131.070 132.879 134.553 135.447 134.277
135.294 137.386 139.241 140.187 138.741
105.586 105.838 106.520 107.124 107.373
143.406 144.468 144.946 146.208 147.682
100.079 100.223 100.926 101.441 101.521
133.237 134.905 136.967 138.004 136.419
137.704 139.603 141.872 142.967 141.045
105.920 106.296 107.217 107.925 108.083
144.374 145.342 145.282 145.635 145.207
102.891 103.220 104.211 104.948 105.159
129.869
134.091
105.199
146.637
93.219
126.886
130.637
104.753
143.087
93.557
128.986
133.128
104.758
144.225
93.278
129.868
134.139
104.948
145.078
93.299
130.465
134.776
105.326
147.069
93.269
130.158
134.322
105.763
150.176
93.029
21 134.671 142.213 137.649 139.866 142.632 144.540 141.813
22 134.517 142.421 137.612 140.173 143.333 145.179 140.997
23 135.383 141.467 137.896 138.722 139.890 142.050 145.206
24 147.857 155.715 151.244 152.308 153.727 156.413 160.412
25 92.969 93.523 92.756 92.846 93.232 93.744 94.268
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
D-24
National Data
March 2009
Table 3.9.5. Government Consumption Expenditures and
Gross Investment
Table 3.9.6. Real Government Consumption Expenditures and
Gross Investment, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Government consumption
expenditures and gross
investment.........................
Consumption expenditures 1
Gross investment2..............
Structures........................
Equipment and software...
Federal...........................................
Consumption expenditures......
Gross investment.....................
Structures............................
Equipment and software......
National defense........................
Consumption expenditures......
Gross investment.....................
Structures............................
Equipment and software......
Nondefense................................
Consumption expenditures......
Gross investment.....................
Structures............................
Equipment and software......
State and local...............................
Consumption expenditures..........
Gross investment.........................
Structures................................
Equipment and software..........
Seasonally adjusted at annual rates
2008
I
II
Line
III
462.8
299.4
163.5
496.5
318.7
177.9
6
979.3
856.1
123.2
18.4
104.9
1,071.8
931.9
139.9
22.4
117.5
662.2
580.1
82.1
7.5
74.6
734.8
639.7
95.1
9.8
85.4
317.1
276.0
41.1
10.9
30.3
337.0
292.3
44.7
1,695.5
1,355.9
339.6
281.0
58.6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
492.8
315.0
177.8
506.3
325.1
181.3
513.1
329.4
183.7
1,026.5
898.0
128.5
1,056.1
918.2
138.0
20.9
117.1
1,098.0
954.2
143.9
23.3
1,106.4
957.4
149.0
25.3
123.7
Federal..........................................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
7.9
78.2
723.3
629.0
94.3
8.9
85.4
759.5
659.6
99.9
10.7
89.2
756.6
656.3
100.3
11.5
88.8
National defense.......................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
326.6
284.2
42.4
332.9
289.2
43.7
12.1
12.0
32.1
319.0
276.9
42.1
11.5
30.6
30.3
31.7
338.5
294.5
44.0
12.7
31.3
349.9
301.1
48.7
13.8
35.0
Nondefense...............................
Consumption expenditures.....
Gross investment....................
Structures...........................
Equipment and software.....
1,811.0
1,454.3
356.7
296.3
60.4
1,744.6
1,395.2
349.4
290.0
59.4
1,771.6
1,426.3
345.3
285.2
60.1
1,817.6
1,462.7
354.9
294.1
60.7
1,848.1
1,485.7
362.4
301.8
60.7
1,806.8
1,442.7
364.1
304.0
60.0
State and local..............................
Consumption expenditures.........
Gross investment........................
Structures...............................
Equipment and software.........
Residual.........................................
20.6
20.0
106.1
679.3
594.7
84.6
9.2
75.4
108.5
699.9
613.8
86.1
120.6
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
2007
IV
Government consumption
expenditures and gross
investment.........................
Consumption expenditures 1
Gross investment2 .............
Structures.......................
Equipment and software
473.9
305.2
168.6
12.6
476.1
310.7
165.5
998.3
871.6
126.7
2008
IV
1 2,674.8 2,882.8 2,742.9 2,798.1 2,873.7 2,946.1 2,913.2
2 2 ,212.0 2,386.3 2,266.8 2,324.3 2,380.9 2,439.8 2,400.1
3
4
5
2007
2008
I
II
III
1 2,012.1 2,070.6 2,029.4 2,039.1 2,058.9 2,088.1
2 1,646.3 1,692.4 1,658.8 1,671.7 1,680.4 1,704.1
IV
3
4
5
366.0
203.0
168.3
378.7
205.5
181.2
371.0
206.1
170.2
367.4
173.2
379.2
205.7
181.5
384.7
208.7
184.1
2,096.3
1,713.3
383.5
206.5
186.2
6
752.9
637.8
117.3
13.0
105.1
798.1
671.0
131.0
15.4
116.3
761.7
644.3
14.4
106.0
772.6
653.7
121.5
13.9
108.3
785.0
659.5
129.5
14.4
116.0
810.8
680.7
134.3
16.0
118.9
824.1
690.1
138.8
17.2
121.9
502.1
425.8
78.0
5.2
72.9
538.0
452.5
509.9
431.9
79.9
6.4
73.3
518.9
439.7
81.0
5.5
75.8
528.1
443.4
87.9
554.7
465.4
92.8
81.9
550.4
461.5
92.6
7.3
85.0
16
17
18
19
250.4
211.7
39.3
7.7
32.3
259.5
217.9
42.5
251.5
253.2
213.5
40.5
8.4
32.5
256.3
215.6
41.6
259.5
218.5
41.8
268.8
224.2
46.1
9.2
37.6
23
24
25
26
250.9
190.1
63.1
-4.7
252.2
190.3
64.6
-7.4
249.0
187.3
64.8
- 6.0
253.7
191.4
65.2
-7.6
7
8
9
10
11
12
13
14
15
88.6
6.7
81.8
120.0
212.0
40.2
8.6
201.1
6.2
8.0
84.4
8.0
8.2
8.6
34.4
20
32.7
34.0
33.6
21 1,259.0 1,273.5 1,267.5 1,266.7 1,274.4 1,278.7 1,274.2
22 1,008.0 1,021.2 1,013.9 1,017.6 1,020.6 1,023.4 1,023.3
253.4
191.8
64.0
-4.6
255.2
193.0
64.7
-7.5
250.8
189.6
63.7
-9.1
1. Government consumption expenditures are services (such as education and national defense) produced by government
that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest
ment (construction and software).
2. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
Note. Chained (2 0 0 0 ) dollar series are calculated as the product of the chain-type quantity index and the 2 000 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.
March 2009
Su r v e y
of
D-25
C u r r e n t B u sin ess
Table 3.10.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and
General Government Gross Output
[Percent]
Seasonally adjusted at annual rates
Line
2007
2007
2008
2008
IV
Government consumption expenditures 1..........................................................................
Gross output of general government...................................................................................
Value added....................................................................................................................
Compensation of general government employees......................................................
Consumption of general government fixed capital2....................................................
Intermediate goods and services purchased 3................................................................
Durable goods............................................................................................................
Nondurable goods......................................................................................................
Services......................................................................................................................
Less: Own-account investment4.........................................................................................
Sales to other sectors..............................................................................................
Federal consumption expenditures 1...............................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
Defense consumption expenditures 1.....................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2 ........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
1
2
3
4
fa
6
7
8
9
10
11
12
13
14
15
16
1/
18
19
20
21
22
Other nondurable goods..............................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors.................................................................................................
23
24
25
26
2/
28
29
30
31
32
33
34
35
36
37
38
39
40
41
4?
43
44
45
46
State and local consumption expenditures 1..................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors.................................................................................................
Tuition and related educational charges..................................................................
Health and hospital charges....................................................................................
Other sales.............................................................................................................
47
48
49
50
51
fa2
53
54
55
56
57
58
59
60
Nondefense consumption expenditures 1...............................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2 ........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
1.9
1.9
1.3
1.0
3.1
2.8
6.2
2.8
2.8
2.6
2.1
2.0
3.1
3.3
9.6
1.5
3.5
2.5
3.5
- 0.8
1.8
1.6
1.7
5.2
5.0
3.7
3.8
3.3
1.6
0.7
0.0
3.5
2.7
7.8
0.9
2.3
6.6
-1.4
14.6
1.3
6.3
-5.5
-9.3
2.6
6.3
^ .1
2.6
6.0
0.5
-0.4
3.1
5.2
8.5
3.7
3.9
3.2
2.8
4.9
-4.5
7.4
-0.2
-0.4
1.3
0.6
4.6
- 2.8
0.9
- 1.8
-3.1
-3.8
-8.9
2.0
2.0
1.6
1.4
2.7
2.8
3.6
3.2
2.6
5.4
1.9
8.6
15.2
-2.4
8.7
-8.4
-27.8
3.0
3.0
3.7
3.8
3.7
1.8
8.0
2.9
0.8
-3.2
9.4
1.3
1.4
1.4
1.2
2.9
1.4
1.9
1.6
1.2
0.2
1.1
1.9
1.5
1.5
3.0
2.0
2.0
I
II
0.5
0.3
3.2
2.9
1.6
2.2
2.2
2.6
1.4
2.7
- 1.6
4.0
-4.1
- 1.1
0.7
- 0.8
-1.2
- 2.1
1.4
0.9
3.0
- 6.2
5.1
-30.6
-3.6
- 11.2
-58.4
-1.4
-2.5
1.2
0.7
2.8
-6.5
4.6
-49.1
- 1.8
-4.8
-80.4
3.9
6.8
2.1
2.1
2.4
2.2
3.5
1.5
10.3
2.0
4.4
- 10.2
0.5
4.1
2.1
1.6
6.0
5.7
3.7
4.0
2.7
3.6
3.6
4.3
4.6
3.6
2.7
15.7
6.4
0.5
-7.3
8.1
10.8
9.3
7.6
-10.4
-14.4
7.4
7.0
3.1
3.3
2.6
11.6
IV
III
2.1
11.2
3.4
3.4
4.0
4.2
3.5
2.7
16.5
11.5
12.3
10.1
11.6
-0.4
-12.7
-39.2
2.9
2.9
4.9
5.4
5.8
5.3
3.0
2.9
3.6
2.2
2.0
2.1
1.8
3.9
8.8
1.8
13.3
4.4
10.5
3.3
0.5
1.0
2.8
- 1.2
13.5
13.7
6.9
7.6
4.3
22.4
5.6
5.2
20.8
23.1
22.6
4.2
47.1
17.3
17.1
8.6
10.1
4.1
26.9
21.2
2.1
1.0
6.6
7.2
4.8
3.6
4.6
- 2.6
4.4
0.4
-32.7
3.4
3.4
6.4
7.0
4.7
0.3
3.6
- 10.0
- 10.1
12.3
26.3
28.1
-7.3
-4.1
5.6
6.7
3.7
3.5
4.8
11.4
15.4
10.7
9.3
7.1
7.5
5.0
1.0
- 6.6
3.2
-0.8
- 1.1
1.7
1.4
3.5
-5.3
10.7
- 0.2
1.9
4.0
4.0
4.9
5.2
3.7
2.5
5.2
6.3
-7.7
-15.9
-13.7
5.1
-1.4
- 8.6
10.5
6.4
2.7
-5.1
10.5
- 12.0
9.8
13.7
94.3
1.6
1.4
1.5
1.2
1.3
1.6
1.1
1.3
1.4
0.0
0.3
1.6
1.4
2.5
1.4
1.3
3.5
1.1
3.1
-0.3
3.3
1.6
1.7
1.5
2.6
1.4
2.4
1.9
1.0
3.4
1.3
0.5
2.8
0.6
0.9
1.7
- 10.1
2.5
1.8
2.0
2.0
1.3
3.6
0.8
2.1
1.2
0.4
6.5
1.4
2.0
2.0
0.2
12.8
20.3
6.6
13.4
5.8
-49.2
0.2
1.1
1.6
1.2
1.0
0.6
0.4
-1.5
1.9
2.0
2.0
2.0
1.9
0.9
1.1
0.2
2.0
2.0
1.6
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
D-26
National Data
March 2009
Table 3.10.3. Real Government Consumption Expenditures and
General Government Gross Output, Quantity Indexes
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
Government consumption expenditures 1..........................................................................
Gross output of general government...................................................................................
Value added....................................................................................................................
Compensation of general government employees......................................................
Consumption of general government fixed capital2....................................................
Intermediate goods and services purchased 3................................................................
Durable goods............................................................................................................
Nondurable goods......................................................................................................
Services......................................................................................................................
Less: Own-account investment4.........................................................................................
Sales to other sectors..............................................................................................
1
2
3
4
5
6
7
8
9
10
11
12
116.177
115.637
108.403
106.483
120.211
129.172
135.247
120.430
131.716
113.472
112.458
2008
I
II
III
IV
119.428
118.653
110.716
108.576
123.899
133.485
148.237
122.237
136.343
112.546
114.289
117.054
116.456
109.058
107.042
121.472
130.303
140.611
120.457
132.919
114.684
112.880
117.969
117.287
109.661
107.616
122.253
131.557
142.939
121.092
134.350
111.647
113.481
118.584
117.886
110.322
108.212
123.318
132.046
146.498
121.689
134.503
112.764
113.938
120.256
119.425
111.147
108.994
124.411
134.873
151.148
123.003
137.895
113.053
114.728
120.902
134.380
133.614
111.661
109.816
118.934
171.661
177.394
159.739
173.096
130.915
130.172
109.403
107.428
117.186
166.109
167.994
154.043
168.068
103.115
86.760
132.071
131.323
110.570
108.630
118.214
167.205
174.220
156.448
168.282
101.174
89.103
136.324
135.610
112.424
110.638
119.463
175.885
182.639
164.778
177.064
102.208
98.121
138.210
137.351
114.247
112.567
120.871
177.443
184.723
163.687
178.971
102.307
88.861
120.012
111.733
109.481
125.614
135.462
152.362
123.164
138.622
112.721
115.008
Federal consumption expenditures 1...............................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2 ........................................................
Intermediate goods and services purchased 3 ....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales toother sectors..................................................................................................
20
21
22
127.744
127.251
107.655
105.768
115.096
161.051
154.736
157.686
162.834
108.130
99.992
90.711
129.032
128.384
108.402
106.369
116.413
162.891
163.740
150.643
165.006
105.986
90.211
Defense consumption expenditures 1.....................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
23
24
25
26
27
28
29
30
31
32
33
132.457
132.615
107.989
107.247
111.333
174.466
151.923
145.268
183.437
134.069
158.862
140.744
140.526
111.992
111.394
114.901
189.387
174.985
141.815
199.396
122.781
114.690
134.343
134.289
108.747
107.873
112.518
177.813
161.068
132.219
188.019
131.345
127.489
136.773
136.595
109.583
108.743
113.253
182.777
165.524
136.110
193.245
126.970
112.586
137.921
137.740
110.665
109.860
114.231
184.007
171.966
139.410
193.068
123.628
115.894
143.533
143.284
112.975
112.532
115.390
195.318
180.427
147.789
205.389
121.296
114.687
144.748
144.486
114.746
114.442
116.730
195.445
182.021
143.954
205.881
119.231
115.593
Nondefense consumption expenditures 1...............................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3 ....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Commodity Credit Corporation inventory change........................................................
Other nondurable goods..............................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
34
35
36
37
38
39
40
41
4?
43
44
45
46
119.048
117.634
107.103
103.588
125.857
136.156
191.432
122.565
121.150
111.117
107.483
130.491
138.668
206.835
119.214
117.776
107.832
104.149
127.566
135.177
197.895
120.061
118.612
109.139
105.523
128.451
135.112
198.811
121.235
119.775
110.463
106.867
129.623
135.958
201.337
122.897
121.732
111.472
107.788
131.139
139.666
208.662
126.067
124.481
113.393
109.753
132.750
143.934
218.528
191.742
129.393
94.236
74.060
197.323
130.409
91.263
81.027
194.955
127.656
92.406
74.232
197.377
127.203
90.355
76.115
200.452
128.050
89.184
78.044
194.159
131.091
92.103
92.144
197.305
135.291
93.408
77.805
State and local consumption expenditures 1..................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
Tuition and related educational charges..................................................................
Health and hospital charges....................................................................................
Other sales..............................................................................................................
47
48
49
50
51
52
53
54
55
56
57
58
59
60
109.828
110.470
108.732
106.797
125.143
113.735
112.493
115.011
113.163
114.845
112.849
105.994
109.117
123.990
111.270
112.029
110.297
108.118
128.727
115.289
114.617
116.798
114.538
115.065
114.986
107.534
111.312
126.521
110.478
111.146
109.346
107.338
126.363
114.528
113.720
116.024
113.797
116.828
113.553
106.200
109.932
124.927
110.874
111.560
109.773
107.722
127.154
114.918
113.888
116.279
114.288
113.749
114.265
106.732
110.481
126.045
111.201
111.920
111.509
112.274
110.581
108.376
129.227
115.466
114.930
116.976
114.703
115.687
115.235
107.801
111.589
126.711
111.497
112.360
110.625
108.298
130.269
115.630
115.181
117.308
114.756
115.257
115.775
108.340
112.146
127.221
13
14
15
16
17
18
19
102.201
110.210
108.078
128.257
115.142
114.468
116.628
114.404
115.566
114.670
107.264
111.033
126.109
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
March 2009
Su r v e y
of
D-27
C u r r e n t B usin ess
Table 3.10.4. Price Indexes for Government Consumption Expenditures and
General Government Gross Output
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
1
2
2008
I
II
III
IV
134.359
134.197
136.547
139.519
120.682
130.138
107.355
148.731
126.514
129.105
133.553
141.006
140.664
141.248
144.250
125.184
139.260
108.946
172.349
131.717
134.224
138.965
136.669
136.510
138.142
141.108
122.286
133.528
107.470
158.706
128.109
130.793
135.929
139.047
138.733
139.658
142.722
123.312
136.809
107.837
169.221
129.367
132.347
137.206
141.695
141.173
140.764
143.833
124.385
141.248
108.460
182.830
131.262
133.874
138.369
143.184
142.656
141.853
144.830
125.901
143.315
109.362
185.953
133.120
135.514
139.797
140.100
140.095
142.717
145.613
127.138
135.667
110.126
151.394
133.120
135.161
140.488
20
21
22
134.215
134.117
142.629
153.196
112.290
123.265
104.642
139.217
123.877
135.161
123.360
138.889
138.776
146.492
157.573
114.735
128.734
105.093
159.988
128.300
138.851
126.837
135.294
135.197
143.022
153.405
113.157
125.078
104.345
148.996
125.043
135.524
124.884
137.386
137.278
145.621
156.846
113.502
126.576
104.337
154.817
126.276
137.738
125.743
139.241
139.123
146.562
157.787
114.427
129.368
104.850
170.131
127.973
138.791
126.775
140.187
140.064
146.879
157.783
115.586
130.958
105.348
171.892
129.715
139.444
127.437
138.741
138.638
146.905
157.879
115.424
128.036
105.835
143.113
129.235
139.431
127.393
Defense consumption expenditures 1.
Gross output of general government...
Value added...................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods............................
Nondurable goods......................
Services..........................................................................................................................
Less: Own-account investment4 ............................................................................................
Sales to other sectors.............
23
24
25
26
27
28
29
30
31
32
33
136.220
136.200
146.218
159.639
114.249
124.212
106.301
156.573
124.706
137.008
132.067
141.372
141.351
150.631
164.637
117.304
129.998
107.032
190.485
129.120
141.135
137.583
137.704
137.682
147.018
160.322
115.297
126.338
106.067
172.884
126.045
137.219
133.879
139.603
139.582
149.545
163.763
115.762
127.603
106.142
180.365
127.053
139.726
135.565
141.872
141.847
150.754
164.975
116.945
130.834
106.740
209.218
128.757
141.220
137.537
142.967
142.939
151.126
164.854
118.414
132.582
107.299
212.474
130.624
141.900
138.448
141.045
141.034
151.100
164.958
118.096
128.973
107.948
159.880
130.046
141.695
138.782
Nondefense consumption expenditures 1
Gross output of general government..,
Value added...................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital 2
Intermediate goods and services purchased 3......
Durable goods...................................................
Nondurable goods.............................................
Commodity Credit Corporation inventory change........................................................
Other nondurable goods...............................
Services............................................................
Less: Own-account investment4 ..........................................................................................
Sales to other sectors............
34
35
36
37
38
39
40
41
42
43
44
45
46
130.378
130.200
136.397
143.439
107.265
121.314
87.379
134.091
133.885
139.308
146.875
108.188
126.041
84.877
130.637
130.479
136.086
142.928
107.681
122.386
86.423
133.128
132.929
138.809
146.369
107.725
124.457
85.568
134.139
133.929
139.289
146.901
108.007
126.169
85.170
134.776
134.564
139.510
147.074
108.400
127.367
85.007
134.322
134.118
139.625
147.157
108.621
126.170
83.764
121.338
122.569
133.568
117.891
124.497
123.343
134.044
119.188
128.643
125.119
136.032
119.503
130.852
126.810
136.750
119.951
131.553
128.255
137.382
120.466
127.000
128.016
137.502
120.209
State and local consumption expenditures 1
Gross output of general government...
Value added...................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........
Services..........................................................................................................................
Less: Own-account investment4
Sales to other sectors.,
Tuition and related educational charges..................................................................
Health and hospital charges....................................................................................
Other sales...................7.........................................................................................
47
48
49
50
51
52
53
54
55
56
57
58
59
60
134.517
134.287
134.010
134.707
128.103
134.810
111.263
150.480
128.737
127.627
133.804
162.313
130.111
122.004
129.512
127.050
136.916
120.032
142.421
141.679
139.063
139.561
134.430
146.431
114.833
174.622
134.629
133.022
139.264
172.450
133.880
127.130
137.612
137.230
136.102
136.771
130.359
139.295
112.062
160.480
130.707
129.581
136.203
166.002
132.143
124.167
140.173
139.527
137.167
137.751
131.989
143.815
113.079
171.909
131.986
131.002
137.490
168.651
132.719
125.647
143.333
142.275
138.343
138.921
133.193
149.406
113.893
185.162
134.054
132.618
138.655
171.447
133.537
126.388
145.179
144.043
139.758
140.271
135.026
151.812
115.538
188.561
136.015
134.443
140.102
173.773
134.417
128.096
140.997
140.873
140.982
141.302
137.510
140.692
116.822
152.855
136.460
134.025
140.811
175.930
134.849
128.389
Government consumption expenditures 1..........................................................................
Gross output of general government...................................................................................
Value added....................................................................................................................
Compensation of general government employees......................................................
Consumption of general government fixed capital2....................................................
Intermediate goods and services purchased 3................................................................
Durable goods..
Nondurable goods
Services...........
Less: Own-account investment4.........................................................................................
Sales to other sectors..............................................................................................
Federal consumption expenditures 1
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2 ........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services.....................................
Less: Own-account investment4 ........
Sales to other sectors.............
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
D-28
National Data
March 2009
Table 3.10.5. Government Consumption Expenditures and General
Government Gross Output
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Government consumption expenditures 1..........................................................................
Gross output of general government...................................................................................
Value added....................................................................................................................
Compensation of general government employees......................................................
Consumption of general government fixed capital2....................................................
Intermediate goods and services purchased 3................................................................
Durable goods............................................................................................................
Nondurable goods......................................................................................................
Services......................................................................................................................
Less: Own-account investment4 .........................................................................................
Sales to other sectors..............................................................................................
1
2
3
4
5
6
7
8
9
10
11
12
2008
I
2,212.0
2,579.7
1,583.2
1,341.8
241.4
996.5
64.0
260.3
672.2
26.5
341.2
2,386.3
2,774.4
1,672.7
1,414.6
258.1
1,101.7
71.2
306.0
724.4
27.3
360.8
2,266.8
2,642.5
1,611.3
1,364.2
247.1
1,031.2
856.1
869.0
484.2
378.8
105.5
384.7
38.9
41.5
304.3
4.7
II
2,324.3
2,704.7
1,638.0
1,387.2
250.8
1,066.7
III
66.6
68.0
277.7
27.1
348.6
297.7
701.0
26.7
353.7
2,380.9
2,766.3
1,661.0
1,405.8
255.2
1,105.4
70.1
323.2
712.1
27.3
358.1
931.9
944.1
515.9
404.5
111.4
428.3
44.8
48.4
335.1
4.6
7.6
639.7
644.7
336.0
254.8
81.2
308.7
41.7
28.3
238.7
871.6
883.7
488.9
381.4
107.5
394.8
41.1
42.5
311.2
4.6
7.5
898.0
909.8
502.4
393.9
108.5
407.4
42.1
45.1
320.1
4.6
7.2
918.2
930.2
511.1
400.7
110.4
419.1
43.9
50.4
324.8
4.5
7.5
954.2
967.0
520.7
408.1
112.7
446.3
46.2
53.6
346.4
4.6
8.3
957.4
969.5
529.3
415.4
113.8
440.2
47.0
44.3
348.9
4.6
7.5
594.7
600.0
318.4
240.3
78.1
281.6
38.0
23.9
219.7
613.8
618.8
326.4
247.4
79.0
292.4
39.1
25.7
227.6
629.0
634.1
332.3
251.8
80.5
301.8
40.9
30.5
230.4
659.6
664.7
340.0
257.8
82.3
324.6
43.1
32.8
248.7
2.0
2.0
2.0
2.0
2.0
3.1
292.3
299.4
179.9
149.7
30.2
119.6
3.1
3.3
3.0
3.1
3.1
656.3
661.3
345.3
262.3
83.0
316.0
43.8
24.1
248.2
1.9
3.1
276.9
283.7
170.5
141.1
29.4
113.2
3.0
18.6
- 0.1
18.6
91.6
284.2
291.0
176.0
146.4
29.6
115.0
3.0
19.5
289.2
296.1
178.8
148.9
29.9
117.3
3.0
19.9
-0.3
294.5
302.4
180.7
150.3
30.4
121.7
3.1
20.1
19.6
97.8
2.7
5.2
19.2
100.7
2.7
4.4
1,485.7
1,864.8
1,165.6
1,017.6
147.9
699.3
26.6
278.7
393.9
23.1
356.1
83.0
158.3
114.8
1,442.7
1,825.2
1,176.2
1,024.4
151.9
649.0
27.0
226.6
395.4
23.0
359.5
84.5
159.6
115.5
686.8
Federal consumption expenditures 1...............................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2 ........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
20
21
22
Defense consumption expenditures 1.....................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales toother sectors..................................................................................................
23
24
25
26
27
28
29
30
31
32
33
580.1
586.3
314.5
237.9
76.6
271.8
36.0
23.7
Nondefense consumption expenditures 1...............................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Commodity Credit Corporation inventory change........................................................
Other nondurable goods..............................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales toother sectors..................................................................................................
34
35
36
37
38
39
40
41
42
43
44
45
46
276.0
282.7
169.7
140.9
28.9
113.0
2.9
17.8
- 0.1
17.9
92.2
4.1
4.5
4.1
4.2
4.4
State and local consumption expenditures 1..................................................................................
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors..................................................................................................
Tuition and related educational charges..................................................................
Health and hospital charges....................................................................................
Other sales.............................................................................................................
47
48
49
50
51
52
53
54
55
56
57
58
59
60
1,355.9
1,710.7
1,099.0
963.1
135.9
611.7
25.1
218.7
367.9
1,454.3
1,830.3
1,156.8
1,010.1
146.7
673.4
26.4
257.7
389.4
1,395.2
1,758.8
1,122.4
982.8
139.6
636.4
25.6
235.3
375.6
22.5
341.1
78.1
153.3
109.7
1,426.3
1,794.9
1,135.6
993.3
142.3
659.3
25.8
252.6
380.9
1,462.7
1,836.2
1,149.9
1,005.1
144.8
686.3
26.2
272.8
387.3
13
14
15
16
17
18
19
8.2
212.1
2.1
4.1
2.6
IV
20.1
0.5
19.6
96.4
2.6
21.8
22.8
333.0
76.2
149.8
107.0
353.2
82.2
157.2
113.8
2.6
0.0
19.5
92.5
2.6
94.4
2.6
22.1
22.8
346.5
79.8
154.7
350.7
81.5
156.4
112.7
112.0
2,439.8
2,831.9
1,686.3
1,425.7
260.6
1,145.6
72.9
332.3
740.4
27.7
364.3
2,400.1
2,794.7
1,705.5
1,439.8
265.7
1,089.2
74.0
270.9
744.3
27.6
367.0
20.8
1.2
301.1
308.2
184.0
153.1
30.8
124.2
3.2
20.3
1.0
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in soft
ware in table 3.9.5.
March 2009
Su r v e y
of
D-29
C u r r e n t B u sin ess
Table 3.10.6. Real Government Consumption Expenditures and General
Government Gross Output, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
I
IV
Government consumption expenditures 1..........................................................................
Gross output of general government....................
Value added.....................................................
Compensation of general government employees......................................................
Consumption of general government fixed capital2....................................................
Intermediate goods and services purchased 3................................................................
Durable goods............................................................................................................
Nondurable goods......................................................................................................
Services,,
Less: Own-account investment4.........................................................................................
Sales to other sectors..............................................................................................
Federal consumption expenditures 1..............................................................................................
Gross output of general government.......................................................................................
Value added.......................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3 ....................................................................
Durable goods.................................................................................................................
Nondurable goods...........................................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
1,646.3
1,922.3
1,159.5
961.8
765.7
59.6
175.0
531.3
20.5
255.5
1,692.4
1,972.4
1,184.2
980.7
206.2
791.3
65.4
177.6
550.0
20.4
259.6
637.8
647.9
339.5
247.2
93.9
312.1
37.2
29.8
245.7
3.5
671.0
680.3
352.1
256.7
97.1
332.7
42.6
30.2
261.1
3.3
200.0
1,658.8
1,935.9
1,166.5
966.8
II
20.8
20.2
257.8
644.3
653.7
341.9
248.6
95.0
315.7
39.3
28.5
248.9
3.4
653.7
662.8
345.0
251.1
95.6
321.9
40.4
29.1
253.6
3.3
5.7
659.5
668.7
348.7
253.9
96.5
324.1
41.9
29.6
253.9
3.3
5.9
680.7
690.5
354.5
258.6
97.5
340.9
43.9
31.2
267.1
3.3
6.5
690.1
699.4
360.3
263.1
98.6
343.9
44.4
31.0
270.0
3.3
5.9
443.4
447.1
220.4
152.6
461.5
465.1
225.0
156.4
69.5
244.9
40.2
15.4
190.4
1.4
465.4
469.0
228.5
159.0
70.3
245.1
40.5
15.0
190.9
1.4
2.3
6.6
6.0
6.0
23
24
25
26
27
28
29
30
31
32
33
425.8
430.4
215.1
149.0
67.1
218.8
33.8
15.1
170.1
1.5
3.1
452.5
456.1
223.1
154.8
69.2
237.5
39.0
14.8
184.9
1.4
431.9
435.9
216.6
149.9
67.8
223.0
35.9
13.8
174.3
1.5
2.5
439.7
443.4
218.3
151.1
Nondefense consumption expenditures 1
Gross output of general government.
Value added.................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2 ........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods...........................
Nondurable goods...........................................................................................................
Commodity Credit Corporation inventory change........................................................
Other nondurable goods..............................................................................................
Services..........................................................................................................................
Less: Own-account investment4 .............................................................................................
Sales to other sectors
34
35
36
37
38
39
40
41
42
43
44
45
46
211.7
217.1
124.4
98.2
26.9
93.1
3.4
14.7
- 0.1
14.7
75.2
217.9
223.6
129.1
101.9
27.9
94.9
3.6
15.6
0.5
15.2
75.8
1.9
3.8
212.0
217.4
125.3
98.8
27.3
92.5
3.5
14.9
213.5
219.0
126.8
0.0
0.0
15.0
74.2
1.9
3.5
15.2
74.0
1.9
3.6
State and local consumption expenditures 1..................................................................................
Gross output of general government.......................
Value added........................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3.
Durable goods.................................................
Nondurable goods...........................................
Services..........................................................................................................................
Less: Own-account investment4
Sales to other sectors...........
Tuition and related educational charges..................................................................
Health and hospital charges....................................................................................
Other sales.......................
Residual.......................................................
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
1,008.0
1,273.9
820.1
714.9
106.1
453.8
1,021.2
1,291.9
831.9
723.8
109.1
460.0
23.0
147.6
289.2
17.1
253.6
47.7
117.5
89.5
- 6.8
1,013.9
1,281.7
824.7
718.6
107.1
456.9
1,017.6
1,286.5
827.9
721.1
107.8
458.5
2.0
3.5
22.6
145.4
285.8
17.1
248.9
47.0
115.1
87.7
-4.9
IV
256.4
772.4
62.0
175.0
536.2
Defense consumption expenditures 1
Gross output of general government.......................................................................................
Value added........................................................................................................................
Compensation of general government employees...........................................................
Consumption of general government fixed capital2........................................................
Intermediate goods and services purchased 3....................................................................
Durable goods......................................
Nondurable goods................................
Services...............................................
Less: Own-account investment4 .............................................................................................
Sales toother sectors..................................................................................................
2.2
III
1,680.4
1,959.7
1,180.0
977.4
205.2
782.7
64.6
176.8
542.6
20.4
258.8
202.1
1,671.7
1,949.7
1,172.9
972.0
203.4
779.8
63.0
176.0
542.0
68.2
68.8
229.2
36.9
14.2
179.2
1.4
230.8
38.3
14.5
179.0
1.4
2.3
2.2
100.1
27.5
92.4
3.5
15.1
22.8
22.8
146.6
287.4
17.4
250.5
47.1
116.0
88.4
-5.9
147.0
288.6
16.9
252.0
47.3
116.6
89.2
-6.4
215.6
221.1
128.3
101.3
27.7
93.0
3.6
15.2
- 0.2
15.4
74.5
1.9
3.6
1,020.6
1,290.7
831.2
723.5
108.7
459.4
23.0
147.4
288.9
17.2
252.9
47.5
117.2
89.2
-6.3
1,704.1
1,985.3
1,188.8
984.4
207.0
799.5
178.7
556.3
20.5
260.6
1,713.3
1,995.0
1,195.1
988.8
209.0
803.0
67.2
179.0
559.2
20.4
261.3
66.6
2.2
218.5
224.7
129.5
102.2
28.0
95.5
3.7
15.7
224.2
229.8
131.8
104.1
28.4
98.5
3.9
16.4
0.8
1.2
14.9
76.2
1.9
4.3
15.2
78.7
1,023.4
1,294.7
834.0
725.5
109.6
460.7
23.1
147.8
289.7
17.2
254.2
47.8
117.7
89.6
-7.2
1,023.3
1,295.7
834.4
725.0
110.4
461.3
23.1
148.3
289.8
17.1
255.4
48.0
118.3
90.0
-7.8
2.0
3.6
1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and
government own-account investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in
software in table 3.9.5.
N ote . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type
quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed
lines.
D-30
March 2009
National Data
Table 3.11.1. Percent Change From Preceding Period in Real National Defense Consumption
Expenditures and Gross Investment by Type
[Percent]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
IV
National defense consumption expenditures and gross investment...................................
Consumption expenditures 1...........................................................................................................
Gross output of general government
Value added........................
Compensation of general government employees...................................................................
Military................................................................................................................................
Civilian........................
Consumption of general government fixed capital 2 ................................................................
Intermediate goods and services purchased 3 ............................................................................
Durable goods.........................................................................................................................
Aircraft.
Missiles
Ships....
Vehicles
Electronics..........................................................................................................................
Other durable goods...........................................................................................................
Nondurable goods...................................................................................................................
Petroleum products.............................................................................................................
Ammunition.........................................................................................................................
Other nondurable goods.....................................................................................................
Services
Research and development................................................................................................
Installation support
Weapons support
Personnel support
Transportation of material...................................................................................................
Travel of persons.................................................................................................................
Less: Own-account investment4 ....................................................................................................
Sales to other sectors.........................................................................................................
Gross investment5
Structures
Equipment and software
Aircraft
Missiles
Ships.
Vehicles.......................................................................................................................................
Electronics and software.............................................................................................................
Other equipment.........................................................................................................................
I
1
2
2.5
7.2
-0.9
2.6
6.3
3
4
5
2.6
6.0
-1.4
-2.5
0.5
-0.4
- 0.8
3.7
3.9
4.4
7
0.6
2.6
8
3.1
5.2
8.5
4.4
7.4
3.2
2.8
8.6
-6.5
4.6
27.8
24.6
-45.1
22.3
-15.6
-5.6
-49.1
-59.5
-44.3
-26.2
- 1.8
16.1
-10.4
-15.9
6
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
2.1
34.4
22.0
-0.9
2.8
2.3
-3.7
7.6
4.9
-3.0
- 0.2
11.8
6.5
50.5
9.6
-4.5
7.4
1.6
12.8
0.6
-5.8
-6.7
- 6.2
20.5
17.4
-5.0
15.2
13.6
3.7
5.9
24.0
37.6
1.3
-2.4
-7.4
2.8
3.5
8.7
4.2
1.2
0.7
- 1.0
4.5
II
7.3
7.4
7.0
3.1
3.3
5.7
-1.9
2.6
11.6
11.5
-30.3
-13.4
12.6
3.6
103.6
35.1
12.3
-8.7
68.4
29.6
12.8
38.7
60.4
36.6
326.6
127.9
32.1
-6.3
28.3
- 12.2
3.0
94.8
-4.1
-42.6
-23.8
40.8
-40.5
12.3
10.4
6.0
-45.1
14.0
-36.7
-3.7
-45.0
276.2
35.9
27.7
12.1
10.1
28.8
-41.3
-7.9
- 12.2
1.5
-27.5
-18.6
- 10.1
12.3
13.6
28.3
5.1
-1.5
-0.7
44.3
24.5
7.1
-1.7
79.6
44.1
-35.9
20.2
-41.8
-4.8
-80.4
2.0
- 1.2
2.6
-0.4
- 11.2
-8.4
-27.8
8.2
7.3
3.4
3.4
4.0
4.2
3.0
6.7
3.5
2.7
16.5
44.9
11.6
-5.8
28.4
25.4
21.5
-18.0
-6.4
-12.7
-39.2
13.4
14.3
3.5
III
IV
18.0
17.3
17.1
8.6
10.1
11.9
3.1
3.4
3.4
6.4
7.0
9.7
6.2
1.0
4.1
26.9
4.7
0.3
3.6
17.6
4.5
-9.0
42.3
- 2.1
-17.5
- 10.0
-27.8
16.5
16.9
21.2
26.1
- 1.8
59.1
-20.5
43.2
14.4
26.3
33.9
45.4
1.3
28.1
-3.1
35.3
92.0
40.8
7.1
-19.2
-7.3
-4.1
1.0
62.2
-16.5
-38.8
-14.4
46.0
35.3
- 6.6
3.2
22.7
100.3
16.1
-4.8
27.1
11.3
70.5
1.1
39.2
-2.9
2.3
-45.5
17.6
22.0
10.0
-3.1
-8.3
8.2
1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account
investment (construction and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on
these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in
software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures.
March 2009
Sur v ey
of
D-31
C u r r e n t B u sin ess
Table 3.11.3. Real National Defense Consumption Expenditures
and Gross Investment by Type, Quantity Indexes
Table 3.11.4. Price Indexes for National Defense Consumption
Expenditures and Gross Investment by Type
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Seasonally adjusted
Line
2007
2008
2007
IV
National defense
consumption
expenditures and gross
investment.........................
Consumption expenditures 1......
Gross output of general
government............................
Value added...........................
Compensation of general
government employees...
Military............................
Civilian............................
Consumption of general
government fixed capital 2
Intermediate goods and
services purchased 3 .........
Durable goods....................
Aircraft............................
Missiles..........................
Ships..............................
Vehicles..........................
Electronics......................
Other durable goods.......
Nondurable goods..............
Petroleum products........
Ammunition....................
Other nondurable goods
Services.............................
Research and
development...............
Installation support.........
Weapons support...........
Personnel support..........
Transportation of material
Travel of persons............
Less: Own-account investment4
Sales to other sectors....
Gross investment5.......................
Structures...................................
Equipment and software.............
Aircraft....................................
Missiles...................................
Ships.....................................
Vehicles.................................
Electronics and software........
Other equipment.....................
Line
2008
I
II
III
116.496
247.616
238.770
209.966
131.967
134.069
158.862
126.002
280.855
273.002
217.218
117.221
122.781
114.690
117.007
258.013
250.721
234.577
124.748
131.345
127.489
124.562
273.010
263.232
223.197
122.697
126.970
112.586
122.029
264.249
264.183
205.930
116.545
123.628
115.894
131.612
311.062
287.765
209.472
110.479
121.296
114.687
125.807
275.101
276.826
230.274
119.163
119.231
115.593
30
31
32
33
34
35
36
37
38
159.765
105.467
166.336
196.590
150.912
118.700
338.161
187.839
148.332
181.486
135.305
186.513
206.656
148.622
117.900
488.078
233.771
158.815
163.647
127.851
167.228
175.408
128.943
126.762
329.460
201.794
152.060
166.030
110.037
172.794
156.436
127.727
109.180
458.841
217.863
161.658
180.174
123.836
186.813
224.825
156.938
117.039
451.455
231.853
156.481
189.622
147.324
193.933
222.049
166.632
190.120
160.021
192.512
223.312
143.194
125.180
526.145
241.720
156.851
Gross investment5.......................
Structures...................................
Equipment and software.............
Aircraft....................................
Missiles...................................
Ships......................................
Vehicles.................................
Electronics and software.........
Other equipment.....................
5 107.247 111.394 107.873 108.743 109.860 112.532 114.442
6 108.650 113.479 109.072 110.596 111.422 114.603 117.297
7 105.015 107.750 106.078 105.574 107.311 108.925 109.190
8 111.333 114.901 112.518 113.253 114.231 115.390 116.730
9 174.466
104.894
268.205
283.075
153.997
145.268
134.493
182.816
20 142.512
21 183.437
13
14
15
16
17
18
19
177.813
161.068
121.127
174.092
102.590
296.576
290.827
156.342
132.219
119.399
172.141
133.630
188.019
182.777 184.007 195.318
165.524 171.966 180.427
110.668 121.411 128.654
167.922 169.023 168.256
105.680 105.217 118.160
299.234 346.415 327.119
347.384 380.609 416.337
168.557 150.796 155.970
136.110 139.410 147.789
116.718 124.341 133.764
196.088 171.644 188.481
142.592 146.941 147.411
193.245 193.068 205.389
195.445
182.021
133.977
170.102
115.406
357.256
414.135
148.666
143.954
123.292
195.802
153.288
205.881
22 180.920 188.564 179.790 177.127 185.459 184.017 207.654
120.202
515.870
243.649
160.272
1. National defense consumption expenditures are defense services produced by government that are valued at their cost
of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the
services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and tor own-account
investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related
expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
National defense
consumption
expenditures and gross
investment.........................
23
24
25
26
27
28
29
3 132.615 140.526 134.289 136.595 137.740 143.284 144.486
4 107.989 111.992 108.747 109.583 110.665 112.975 114.746
2007
IV
Consumption expenditures 1.......
Gross output of general
government.............................
Value added............................
Compensation of general
government employees...
Military............................
Civilian............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3..........
Durable goods....................
Aircraft............................
Missiles...........................
Ships...............................
Vehicles..........................
Electronics......................
Other durable goods.......
Nondurable goods..............
Petroleum products.........
Ammunition.....................
Other nondurable goods
Services..............................
Research and
development...............
Installation support.........
Weapons support...........
Personnel support..........
Transportation of material
Travel of persons.............
Less: Own-account investment4
Sales to other sectors.....
10 151.923
11 108.826
12 162.779
2008
IV
1 135.596 145.294 137.694 140.125 142.621 148.643 149.786
2 132.457 140.744 134.343 136.773 137.921 143.533 144.748
189.387
174.985
123.677
168.826
111.116
332.506
389.616
155.997
141.815
124.529
188.004
147.558
199.396
2007
2008
I
II
III
IV
1 131.874 136.574 133.237 134.905 136.967 138.004 136.419
2 136.220 141.372 137.704 139.603 141.872 142.967 141.045
3 136.200 141.351
4 146.218 150.631
137.682 139.582 141.847 142.939 141.034
147.018 149.545 150.754 151.126 151.100
b 159.639 164.637 160.322 163.763 164.975 164.854 164.958
6 167.465 173.297 168.796 172.162 173.811 173.550 173.664
7 144.559 147.982 144.027 147.599 147.987 148.130 148.214
8 114.249 117.304 115.297 115.762 116.945 118.414 118.0%
9 124.212 129.998 126.338 127.603 130.834 132.582 128.973
10 106.301 107.032 106.067 106.142 106.740 107.299 107.948
11 106.086 105.329 104.766 104.673 104.989 105.494 106.158
12 111.246 112.716 111.487 111.892 112.514 112.833 113.622
111.233 109.107 109.075
122.298 121.644 121.599
95.115 94.797 94.889
111.202 109.049 109.213
190.485 172.884 180.365
311.574 266.054 286.283
122.886 130.614 125.172 126.868
20 114.008 117.427 115.504 115.813
21 124.706 129.120 126.045 127.053
13
14
15
16
17
18
19
108.860
120.803
95.252
108.127
156.573
224.381
110.131
121.873
95.022
110.818
209.218
366.222
130.288
117.461
128.757
112.701
121.331
95.285
111.991
212.474
372.172
133.627
118.456
130.624
113.025
124.387
95.263
112.785
159.880
221.618
131.672
117.978
130.046
22 123.754 128.307 125.013 126.567 127.725 129.372 129.564
23
24
25
26
27
28
29
128.472
118.471
124.281
128.907
131.264
137.008
132.067
133.344
121.242
126.907
140.955
145.724
141.135
137.583
130.111
119.296
125.543
131.067
133.180
137.219
133.879
131.279
120.145
125.671
132.695
137.492
139.726
135.565
133.163
120.858
126.466
140.968
146.285
141.220
137.537
134.396
121.971
127.543
149.714
155.475
141.900
138.448
30
31
32
33
34
35
36
37
38
105.255
143.122
102.270
83.714
105.554
134.873
101.514
87.256
109.422
107.380
145.367
104.385
86.582
107.217
145.299
103.437
85.324
111.989
105.920
144.374
102.891
85.813
107.270
135.870
102.260
86.228
110.071
106.296
145.342
103.220
86.308
106.547
138.880
103.023
85.567
110.308
107.217
145.282
104.211
86.313
106.596
145.704
102.781
85.434
111.671
107.925
145.635
104.948
86.371
106.992
150.818
134.536
121.995
127.947
140.442
143.645
141.695
138.782
108.083
145.207
105.159
87.336
108.734
145.792
101.886 106.060
85.420 84.875
112.822 113.157
1. National defense consumption expenditures are defense services produced by government that are valued at their cost
of production. Excludes government sales to other sectors and government own-account investment (construction and soft
ware).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the
services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs tor goods and services sold to other sectors and for own-account
investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and related
expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed assets;
inventory investment is included in government consumption expenditures.
D-32
National Data
Table 3.11.5. National Defense Consumption Expenditures
and Gross Investment by Type
March 2009
Table 3.11.6. Real National Defense Consumption Expenditures
and Gross Investment by Type, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
National defense
consumption expenditures
and gross investment
Seasonally adjusted at annual rates
2008
I
II
Line
III
662.2
734.8
679.3
699.9
580.1
639.7
594.7
613.8
629.0
659.6
656.3
3
4
586.3
314.5
644.7
336.0
600.0
318.4
618.8
326.4
634.1
332.3
664.7
340.0
661.3
345.3
5
237.9
162.7
75.2
254.8
175.9
79.0
240.3
164.6
75.7
247.4
170.3
77.2
251.8
173.2
78.6
257.8
177.9
79.9
262.3
182.2
80.1
Consumption expenditures 1
Gross output of general
government.............................
Value added............................
Compensation of general
government employees....
Military.............................
Civilian.............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3 ..........
Durable goods.....................
Aircraft.............................
Missiles...........................
Ships
Vehicles...........................
Electronics.......................
Other durable goods........
Nondurable goods...............
Petroleum products,
Ammunition.....................
Other nondurable goods...
Services..............................
Research and
development................
Installation support..........
Weapons support............
Personnel support...........
Transportation of material
Travel of persons.............
Less: Own-account investment4
Sales to other sectors
23
24
25
26
27
28
29
Gross investment5........................
Structures....................................
Equipment and software..............
Aircraft.....................................
Missiles....................................
Ships......................................
Vehicles...................................
Electronics and software.........
Other equipment......................
30
31
32
33
34
35
36
37
38
6
7
759.5
756.6
8
76.6
81.2
78.1
79.0
80.5
82.3
83.0
9
10
271.8
36.0
11.3
4.4
1.5
2.5
7.9
8.3
23.7
308.7
41.7
281.6
38.0
12.5
4.8
1.5
292.4
39.1
11.4
4.6
1.5
324.6
43.1
13.4
4.7
2.8
8.1
2.8
301.8
40.9
12.5
4.7
1.5
3.3
10.6
11.6
8.3
30.5
18.6
4.1
7.9
230.4
8.7
32.8
20.3
4.6
316.0
43.8
14.0
4.7
1.7
3.4
11.5
8.3
24.1
8.0
8.2
248.7
248.2
62.2
40.5
30.6
76.6
12.5
62.6
44.1
36.3
84.2
13.5
70.7
42.2
32.2
81.2
13.9
8.0
11
12
13
14
15
16
17
18
19
20
21
22
12.2
4.1
7.4
212.1
58.8
37.3
28.1
68.1
11.6
8.1
2.1
12.8
4.7
1.6
3.2
10.8
8.6
28.3
15.9
4.5
7.9
238.7
63.6
41.9
32.6
79.5
13.1
8.0
2.0
1.8
3.1
8.5
23.9
13.0
3.9
7.0
219.7
9.6
9.2
25.7
13.6
4.5
7.5
227.6
59.1
37.9
29.5
72.2
13.2
7.8
58.9
40.7
31.4
75.9
12.7
7.9
2.0
2.0
8.0
2.0
8.1
2.0
11.1
4.7
1.9
3.1
4.1
3.1
3.3
3.0
3.1
3.1
82.1
7.5
74.6
95.1
9.8
85.4
13.9
4.3
11.3
9.3
84.6
9.2
75.4
11.7
3.7
11.3
86.1
7.9
78.2
10.5
3.7
94.3
8.9
85.4
15.1
4.5
100.3
11.5
10.0
11.2
6.2
8.5
20.2
17.6
24.9
8.7
18.9
26.5
99.9
10.7
89.2
14.9
4.8
11.9
9.7
20.0
21.1
20.8
26.0
26.9
26.4
12.8
4.3
10.5
6.3
16.6
24.1
26.4
88.8
15.1
4.2
12.0
10.3
1. National defense consumption expenditures are defense services produced by government that are valued at their
cost of production. Excludes government sales to other sectors and government own-account investment (construction
and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the
services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account
investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and
related expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
2008
IV
1
2
723.3
2007
2007
IV
National defense
consumption
expenditures and gross
investment.........................
2008
I
II
III
IV
1
2
502.1
538.0
509.9
518.9
528.1
550.4
554.7
425.8
452.5
431.9
439.7
443.4
461.5
465.4
3
4
430.4
215.1
456.1
223.1
435.9
216.6
443.4
218.3
447.1
220.4
465.1
225.0
469.0
228.5
5
7
149.0
97.2
52.0
154.8
101.5
53.4
149.9
97.5
52.5
151.1
98.9
52.3
152.6
99.6
53.1
156.4
102.5
53.9
159.0
104.9
54.1
8
67.1
69.2
67.8
68.2
68.8
69.5
70.3
9
218.8
33.8
10.7
4.0
1.4
237.5
39.0
230.8
38.3
11.9
4.1
1.4
2.7
245.1
40.5
13.2
4.2
1.5
2.6
229.2
36.9
10.9
4.1
1.4
2.3
244.9
40.2
2.1
8.3
7.7
15.1
5.5
3.3
6.5
170.1
11.4
7.8
14.8
5.0
3.4
6.7
184.9
223.0
35.9
11.9
4.3
1.4
2.3
8.5
7.8
13.8
4.8
3.1
10.1
11.1
12.2
2.8
12.1
8.4
14.2
4.7
3.6
6.5
179.2
7.5
14.5
5.0
3.1
6.7
179.0
7.8
15.4
5.4
3.4
6.7
190.4
7.4
15.0
5.0
3.6
7.0
190.9
47.5
29.0
23.7
54.8
9.0
49.5
31.4
26.9
62.7
9.3
5.5
1.4
46.5
31.0
26.2
60.4
9.6
5.8
1.4
48.7
30.4
25.3
60.6
8.9
5.5
1.4
2.3
48.3
32.8
29.8
54.6
31.4
26.4
63.5
9.9
5.6
1.4
2.3
87.9
92.6
7.3
85.0
17.2
4.5
7.9
9.4
24.6
23.8
-14.0
Consumption expenditures 1
Gross output of general
government............................
Value added...........................
Compensation of general
government employees...
Military............................
Civilian............................
Consumption of general
government fixed capital2
Intermediate goods and
services purchased 3..........
Durable goods....................
Aircraft............................
Missiles...........................
Ships
Vehicles
Electronics......................
Other durable goods
Nondurable goods..............
Petroleum products
Ammunition.....................
Other nondurable goods
Services..............................
Research and
development...............
Installation support.,
Weapons support...........
Personnel support..........
Transportation of material
Travel of persons.............
Less: Own-account investment4
Sales to other sectors
23
24
25
26
27
28
29
Gross investment5.......................
Structures...................................
Equipment and software.............
Aircraft....................................
Missiles...................................
Ships
Vehicles..................................
Electronics and software....
Other equipment.....................
Residual.........................................
30
31
32
33
34
35
36
37
38
39
6
10
11
12
13
14
15
16
17
18
19
20
21
22
6.2
1.5
3.1
78.0
5.2
72.9
15.2
4.1
7.8
6.2
19.0
22.1
-8.9
12.2
4.1
1.5
2.2
88.6
6.7
81.8
16.0
4.0
7.8
8.9
23.6
23.6
-13.1
6.1
174.3
47.2
29.2
24.7
57.5
10.1
5.9
1.5
2.5
79.9
6.4
73.3
13.6
3.5
8.3
2.2
81.0
5.5
75.8
12.1
6.0
3.4
7.2
8.4
20.4
22.0
22.6
24.0
- 11.0
-9.5
6.2
81.9
17.4
4.2
7.7
8.3
23.4
23.3
-13.1
12.6
4.1
1.6
2.5
66.0
9.0
5.2
1.4
2.2
92.8
8.0
84.4
17.3
3.9
8.2
9.6
24.4
23.3
-13.8
1. National defense consumption expenditures are defense services produced by government that are valued at their
cost of production. Excludes government sales to other sectors and government own-account investment (construction
and software).
2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the
services of general government fixed assets; the use of depreciation assumes a zero net return on these assets.
3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account
investment.
4. Own-account investment is measured in current dollars by compensation of general government employees and
related expenditures for goods and services and is classified as investment in structures and in software.
5. Gross government investment consists of general government and government enterprise expenditures for fixed
assets; inventory investment is included in government consumption expenditures.
N ote . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is
the difference between the first line and the sum of the most detailed lines.
March 2009
Survey
of
D-33
C u r r e n t B u sin ess
4. Foreign Transactions
Table 4.1. Foreign Transactions in the National Income and Product Accounts
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
IV
Exports of goods and services........................................................................................................
Goods 1...........................................................................................................................................
Durable..
Nondurable.................................................................................................................................
Services 1..
1
2
III
II
IV
2,664.0
2,746.0
2,784.5
1,759.7
1,213.7
826.4
387.3
546.0
1,820.8
1,256.9
829.2
427.7
563.9
1,923.2
1,343.7
476.9
579.5
1,968.9
1,374.3
882.1
492.1
594.6
907.4
3.0
904.3
351.3
231.3
321.8
843.2
3.0
840.2
283.4
292.0
264.8
822.8
3.0
819.8
254.0
271.1
294.6
815.6
3.0
812.6
257.3
291.5
263.8
3,318.1
3,357.0
3,468.6
3,480.9
2,456.5
2,060.9
1,181.9
878.9
395.6
2,526.5
2,118.0
1,173.2
944.8
408.5
2,641.4
2,225.5
1,210.6
1,014.9
415.9
2,676.6
2,251.0
1,194.3
1,056.7
425.6
742.0
10.3
731.7
599.9
121.5
10.3
705.1
708.9
688.7
10.2
10.2
10.2
694.8
536.5
114.4
43.9
698.7
506.5
106.3
86.0
678.5
501.6
97.8
79.1
119.6
57.3
28.6
33.8
125.4
57.9
32.4
35.1
118.2
62.7
21.5
34.0
115.6
62.7
20.4
32.5
-718.6
-651.0
-693.0
-722.6
-696.5
11
-720.4
-718.6
-695.4
-693.0
2.4
-699.1
-696.5
1.8
-653.3
-651.0
2.3
-725.2
-722.6
32
2.6
2.6
3
4
5
6
8
q
m
11
1?
2,524.1
1,662.4
1,149.2
788.7
360.5
513.2
13
3,242.7
14
15
16
17
18
2,370.2
1,985.2
1,172.5
812.7
385.1
19
759.3
Wage and salary payments................................... ..........................................................................
20
'•>1
??
91
?4
25
26
27
28
99
1,860.8
1,283.1
836.1
447.0
577.7
861.7
3.0
858.8
349.6
213.2
296.0
Imports of goods and services........................................................................................................
Goods 1.....
Durable..
Nondurable.................................................................................................................................
Services 1..
............................................................................
Current taxes and transfer payments to the rest of the world (net)..............................................
From persons (net)..........................................................................................................................
From government (net)...................................................................................................................
From business (net)........................................................................................................................
I
2,667.1
7
Wage and salary receipts...............................................................................................................
2008
2007
2,531.6
2,115.7
1,156.7
958.9
416.0
10.0
749 3
584.8
95.6
68.9
113.2
56.3
25.9
31.0
118.6
60.3
25.0
33.3
866.8
1,730.5
1,157.5
766.4
391.1
573.0
2,282.0
1,868.1
1,048.8
819.3
413.9
115.3
57.9
25.6
31.8
Addenda:
in
Less: Capital account transactions (net) 2 ...................................................................................
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassi
fied from goods to services.
2. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets.
D-34
National Data
Table 4.2.1. Percent Change From Preceding Period in Real Exports and in
Real Imports of Goods and Services by Type of Product
March 2009
Table 4.2.2. Contributions to Percent Change in Real Exports and in
Real Imports of Goods and Services by Type of Product
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Exports of goods and
services..........................
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive..........................
Civilian aircraft, engines, and
parts...............................
Computers, peripherals, and
parts...............................
Other..................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Exports of services 1................
Transfers under U.S. military
agency sales contracts........
Travel.......................................
Passenger fares.......................
Other transportation................
Royalties and license fees.......
Other private services.............
Other.......................................
Imports of goods and
services..........................
Line
II
III
IV
8.4
6.2
4.4
5.1
12.3
3.0
-23.6
7.5
5.1
8.8
4.5
14.3
16.3
8.7
3.7
3
5.8
4.7
- 10.8
-33.6
-27.7
4
5
10.0
7.4
11.2
8.3
11.1
6
5.5
5.6
5.4
11.0
5.3
-5.4
21.7
29.0
41.9
22.5
8.7
7.4
9.4
-34.1
-33.8
-34.3
7
8.0
4.1
10.0
-3.6
11.2
4.4
-33.4
8
11.4
-5.4
17.3
-24.1
-3.2
-3.0
-65.6
9
5.5
6.7
-9.2
10
3.5
7.9
11.0
0.4
2.7
57.4
10.3
5.4
6.4
-45.1
- 20.2
11
11.9
-0.9
- 2.8
-11.5
4.3
25.9
-56.6
12
10.9
15.4
5.4
-5.4
8.1
13
14
15
14.9
14.6
15.4
37.1
15.3
12.7
18.9
28.8
12.8
2.2
-29.1
-47.3
28.5
-53.3
1.6
6.3
0.3
13.4
-15.1
18.9
24.9
16
10.5
6.9
2.7
6.4
3.8
1.4
3.5
17
18
19
23
-12.3
8.9
7.6
7.4
11.4
14.5
4.9
20
21
22
8.6
-19.3
10.0
7.1
1.4
9.2
8.9
-4.2
- 6.6
-31.2
14.1
27.0
8.4
-5.7
- 0.1
77.3
-0.4
-10.5
1.8
-6.4
7.3
-3.1
-19.8
8.3
5.2
-44.3
8.2
4.7
10.0
-68.4
12.5
11.8
- 6.8
8.6
11.6
8.6
9.3
-14.6
-18.8
26.8
11.5
2.3
91.1
24
2.2
-3.3
-2.3
-0.8
-7.3
-3.5
-16.0
Imports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products..........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts...............................
Computers, peripherals, and
parts...............................
Other..................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other......................................
25
26
1.7
1.3
-4.1
-1.5
-2.6
-7.7
-2.0
-5.2
-7.1
4.7
-4.7
-1.4
-19.4
3.3
27
28
29
30
-3.8
-9.7
3.7
- 2.0
-8.4
-9.1
-7.5
-4.0
-20.3
-15.0
-25.9
16.5
-17.3
-10.4
-24.2
17.6
-0.4
7.7
7.8
7.6
- 6.6
-24.4
-18.8
-29.6
40.7
Imports of services 1.................
Direct defense expenditures....
Travel.......................................
Passenger fares.......................
Other transportation................
Royalties and license fees.......
Other private services.............
Other......................................
Addenda:
Exports of durable goods........
Exports of nondurable goods...
Exports of agricultural goods 2
Exports of nonagricultural
goods..................................
Imports of durable goods.........
Imports of nondurable goods....
Imports of nonpetroleum goods
- 11.8
13.2
-38.1
31
5.9
0.4
1.6
1.1
8.9
-5.4
-29.0
32
15.3
-3.1
-3.3
17.0
3.4
-37.3
-25.6
33
34
9.8
3.6
1.7
0.4
9.7
-0.5
6.3
- 2.2
26.0
4.3
-13.1
1.8
-47.3
- 22.8
35
- 0.1
-11.9
- 11.0
-7.9
-12.7
-25.7
-50.0
36
37
38
39
5.8
7.0
4.4
-0.4
-1.3
-1.7
-0.9
- 6.6
6.4
6.5
-6.5
-15.2
5.3
- 0.1
8.2
4.3
19.7
-4.4
23.2
2.0
7.3
-17.7
40
41
42
43
44
45
46
47
4.4
-4.1
-1.7
-2.7
4.4
0.8
-7.2
1.4
-8.0
3.3
- 21.8
- 11.2
- 21.0
-12.3
5.2
0.5
-7.7
-30.8
-40.7
-16.8
-27.4
2.7
34.4
4.9
-5.4
-11.4
80.9
2.5
2.9
1.0
-2.9
2.6
2.8
12.4
4.1
- 0.6
1.6
-0.9
1.0
11.9
-8.4
-7.4
-13.4
- 0.8
1.8
5.5
-12.3
8.5
32.9
4.2
11.4
3.9
-3.6
- 2.2
19.7
5.1
8.7
- 2.1
-18.6
5.9
-4.3
-4.0
-4.1
7.7
-4.3
- 0.1
-6.3
48
49
50
8.5
5.4
7.1
4.4
51
52
53
54
7.6
2.2
1.1
2.5
6.2
-34.3
8.6
0.2
11.1
-26.9
3.8
-37.0
6.7
23.5
11.8
15.1
18.6
10.5
4.9
1.5
-7.0
-37.8
-25.0
-15.9
3.8
-6.3
4.0
-6.4
17.0
3.7
-18.7
4.0
4.9
-7.1
-1.7
-4.1
-35.2
-35.1
4.1
-30.4
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government,
are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to
services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable
nonautomotive consumer goods.
2007
IV
1
2
7.7
2008
2008
I
- 12.0
2007
2008
I
II
III
IV
Percent change at annual rate:
Exports of goods and
services..........................
1
8.4
6.2
4.4
5.1
12.3
3.0
-23.6
2
5.26
0.42
4.03
0.22
3.53
-0.69
3.13
0.77
11.11
0.52
2.55
-0.70
-24.77
-1.62
1.90
0.58
1.32
1.33
0.72
0.61
2.02
-0.37
2.39
5.34
2.57
2.77
1.75
0.52
1.23
-7.23
-2.48
-4.76
Percentage points at annual
rates:
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts...............................
Other....................................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Exports of services 1.................
Transfers under U.S. military
agency sales contracts........
Travel.......................................
Passenger fares.......................
Other transportation.................
Royalties and license fees.......
Other private services..............
Other.......................................
3
4
5
6
1.01
0.39
0.62
7
2.21
1.10
2.59
-0.95
2.85
1.09
-9.08
8
0.58
-0.28
0.88
-1.45
-0.16
-0.14
-4.16
0.01
0.13
-1.23
-3.69
9
0.11
10
1.53
0.14
1.24
-0.25
1.96
0.49
1.15
1.85
11
0.85
-0.06
- 0.21
-0.84
0.29
1.52
-4.79
12
0.94
0.73
0.70
0.38
0.32
0.18
0.02
1.21
1.04
0.63
-0.60
0.48
0.69
0.52
0.92
1.29
0.63
- 2.68
-2.74
0.07
0.63
1.15
13
14
15
0.21
0.66
1.10
0.11
16
3.19
2.15
0.86
1.97
1.19
0.93
-2.15
0.43
17
18
19
-0.13
0.52
-0.17
0.58
0.12
0.11
20
21
22
23
0.23
0.56
1.85
0.06
0.03
0.45
1.19
-0.05
-0.29
0.79
0.38
0.25
-0.29
- 0.01
0.02
0.45
-0.03
-0.18
0.26
0.23
1.31
-0.07
-0.79
0.71
0.18
-0.23
0.41
0.95
-0.04
-0.04
0.65
0.13
-0.72
0.38
0.65
-0.63
0.05
-0.90
-0.33
0.78
0.56
0.30
0.70
24
2.2
-3.3
-2.3
-0.8
-7.3
-3.5
-16.0
25
26
1.46
0.04
-3.48
-0.05
-2.17
-0.27
-1.65
-0.18
-5.97
0.16
-3.97
-0.05
-16.48
27
28
29
30
-0.50
-0.71
-0.28
-1.03
-0.59
-0.44
-0.77
-2.76
-1.04
-1.72
2.28
-2.25
-0.67
-1.58
2.74
-0.03
-0.76
0.73
-8.59
0.92
0.47
0.45
-1.29
-3.34
-1.24
- 2.10
5.83
31
1.08
0.10
0.29
0.21
1.52
-0.97
-5.74
32
0.20
-0.04
-0.05
0.23
0.05
-0.63
-0.37
33
34
0.42
0.46
0.08
0.06
0.40
-0.06
0.26
-0.28
0.96
0.52
-0.56
-0.18
0.82
Percent change at annual rate:
Imports of goods and
services..........................
Percentage points at annual
rates:
Imports of goods 1.....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products...........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts...............................
Computers, peripherals, and
parts...............................
Other....................................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
0.22
-2.29
-3.08
35
- 0.01
- 1.20
-1.26
-0.85
-1.31
- 2.66
-5.59
36
37
38
39
1.15
0.76
0.39
-0.27
-0.18
-0.09
-0.27
1.22
-1.30
-1.75
0.45
1.49
1.87
-0.38
0.78
0.80
-6.65
-5.13
-1.52
- 1.10
Imports of services 1.................
Direct defense expenditures....
Travel.......................................
Passenger fares.......................
Other transportation.................
Royalties and license fees.......
Other private services..............
Other.......................................
40
41
42
43
44
45
46
47
0.21
- 0.02
0.71
-0.06
-0.05
-0.03
0.13
0.03
0.69
0.01
0.13
- 0.10
0.05
0.01
0.70
0.52
- 1.66
-0.14
0.01
0.36
0.25
- 0.11
- 0.22
-0.14
-0.05
0.00
0.01
-0.08
0.02
0.00
0.86
-0.18
0.26
0.35
0.12
0.11
0.23
- 0.02
-1.29
-0.33
-0.36
-0.29
-0.36
0.05
0.03
-0.03
0.21
0.59
-0.71
0.51
0.00
0.12
0.46
0.42
0.34
-0.41
0.15
-0.07
-0.34
0.61
0.14
-0.51
0.41
0.01
0.10
0.11
1.
Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government,
are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services.
March 2009
Su r v e y
of
D-35
C u r r e n t B u sin ess
Table 4.2.3. Real Exports and Imports of Goods and Services
by Type of Product, Quantity Indexes
Table 4.2.4. Price Indexes for Exports and Imports of Goods and Services
by Type of Product
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
Exports of goods and
services..........................
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other..................................
Automotive vehicles, engines,
and parts............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other......................................
Exports of services 1................
Transfers under U.S. military
agency sales contracts........
Travel......................................
Passenger fares.......................
Other transportation................
Royalties and license fees.......
Other private services.............
Other.......................................
Imports of goods and
services..........................
Imports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products..........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other...................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other......................................
Imports of services 1.................
Direct defense expenditures....
Travel.......................................
Passenger fares.......................
Other transportation................
Royalties and license fees.......
Other private services.............
Other......................................
Addenda:
Exports of durable goods........
Exports of nondurable goods...
Exports of agricultural goods 2
Exports of nonagricultural
goods..................................
Imports of durable goods.........
Imports of nondurable goods....
Imports of nonpetroleum goods
Seasonally adjusted
2008
I
II
Line
III
4 122.476 134.753 126.975 130.383 138.941 141.863 127.825
5 118.170 127.993 123.461 121.763 132.886 135.281 122.044
6 125.223 139.029 129.234 135.750 142.815 146.043 131.508
7 127.527 132.776 133.894 132.678 136.258 137.745 124.424
8 137.935 130.506 149.937 139.942 138.797 137.757 105.530
9 115.369 121.709 114.931 115.052 128.863 130.555 112.368
10 127.650 136.216 133.690 134.568 137.895 140.039 132.360
11 142.112 140.897 147.116 142.695 144.199 152.742 123.951
12 155.341 167.915 158.849 164.473 170.414 175.616 161.158
13 170.904 184.036 180.181 186.423 192.062 193.125 164.533
14 138.535 150.492 135.949 140.907 147.140 156.648 157.272
15 90.843 96.543 92.062 99.614 106.123 87.711 92.724
16 136.868 146.369 142.570 144.792 146.131 146.640 147.913
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts...............................
Computers, peripherals, and
parts...............................
Other...................................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Exports of services 1.................
Transfers under U.S. military
agency sales contracts........
Travel.......................................
Passenger fares.......................
Other transportation.................
Royalties and license fees.......
Other private services..............
Other.......................................
24 133.654 129.178 133.254 132.991 130.509 129.367 123.844
Imports of goods and
services..........................
89.332
106.994
89.499
128.079
166.709
185.436
108.749
103.088
106.880
87.045
130.621
168.639
189.916
106.953
77.285
110.083
89.501
128.335
172.160
193.273
106.118
75.967
113.135
91.371
121.458
175.606
195.718
91.682
25 134.921 129.341 134.315 133.654 131.212 129.653 122.844
26 139.687 137.590 138.203 136.368 137.957 137.459 138.573
27
28
29
30
124.901
128.155
122.231
112.670
114.445
116.491
113.041
108.158
121.051 115.429 115.320 117.475
122.999 119.673 115.967 118.154
119.819 111.806 115.321 117.455
112.011 116.638 103.467 101.727
109.556
112.170
107.583
110.801
31 141.960 142.562 143.846 144.252 147.344 145.299 133.353
32 106.094 102.817 105.750 109.995 110.914
98.700
91.660
33 200.083 203.399 202.660 205.800 218.025 210.478 179.295
34 129.089 129.601 131.086 130.354 131.724 132.308 124.020
35 125.864 110.937 125.174 122.624 118.526 110.056
36
37
38
39
40
41
42
43
44
45
46
47
167.794 165.538 168.747 165.927 169.218
179.857 176.845 183.369 175.981 184.064
154.939 153.471 153.183 155.176 153.435
106.881 99.836 100.285 100.254 105.627
127.581 128.622 128.185 129.913 127.217
137.224 127.364 135.192 130.835 123.016
84.472 85.682 84.766 86.503 83.980
86.966 87.835 87.672 94.132 88.756
128.657 124.935 128.341 129.672 125.470
127.134 130.716 120.221 123.500 125.079
193.484 201.469 197.937 199.847 200.087
110.284 109.669 110.443 109.441 107.269
92.541
171.012 155.996
184.982 162.354
156.147 149.125
100.600 92.863
128.249 129.107
123.082 132.522
84.993 87.253
87.528 80.924
121.731 122.869
145.057 129.226
201.324 204.620
108.051 113.913
48 130.213 135.977 136.241 135.479 140.328 142.009 126.091
49 122.542 133.076 125.159 130.919 136.624 137.131 127.628
50 117.787 123.825 120.532 123.936 127.064 124.789 119.511
51
52
53
54
128.309
140.459
127.961
139.177
135.936
134.376
122.904
133.518
133.444
140.490
126.448
138.434
134.709
138.219
127.688
136.179
140.091
139.473
121.248
137.510
141.760
136.912
120.726
136.077
127.185
122.901
121.956
124.304
2007
IV
Exports of goods and
services.........................
77.675
108.765
86.726
128.897
180.431
196.812
107.791
83.504
109.715
88.661
127.328
174.209
193.930
103.136
2008
IV
1 130.068 138.108 135.189 136.880 140.908 141.943 132.701
2 127.335 134.757 132.219 133.690 138.826 140.079 126.433
3 119.271 124.891 122.992 127.180 129.849 126.180 116.356
17 103.511
18 99.730
19 82.805
20 125.616
21 159.545
22 178.017
23 107.650
2007
2008
I
II
III
IV
1 116.586 122.891 118.794 121.397 124.560 126.592 119.013
2 115.062 121.321 117.085 119.916 123.456 125.137 116.774
3 147.582 183.514 161.062 180.050 193.041 196.142 164.825
4 148.503 163.578 153.764 160.153 170.957 176.443 146.760
5 151.498 156.853 152.563 157.844 163.036 164.607 141.924
6 146.653 167.291 154.350 161.369 175.337 183.065 149.395
7
98.278
98.973
98.076
98.410
98.790
99.191
99.503
8 131.606 138.055 133.591 135.724 136.905 138.530 141.063
9
10
71.080
97.268
65.060
98.127
69.745
96.840
67.654
97.263
65.881
97.910
64.124
98.521
62.582
98.816
11 105.999 107.316 106.390 106.744 107.184 107.455 107.881
12 105.231 107.454 106.028 106.761 107.639 107.970 107.447
13 103.620 105.704 103.992 104.782 105.162 106.111
14 107.233 109.689 108.607 109.256 110.847 110.317
15 120.698 128.446 123.286 126.673 130.764 132.799
16 120.211 126.623 122.855 124.932 127.211 130.082
17 109.910 112.874 111.277
18 117.687 122.940 120.227
19 149.360 165.229 156.826
20 137.793 160.434 144.582
21 119.775 123.511 121.085
22 114.840 117.823 116.587
23 126.772 147.223 131.480
106.763
108.337
123.547
124.269
111.868 112.553 113.274 113.803
121.940
159.669
153.404
122.169
117.291
142.119
123.610
161.357
166.021
123.461
117.885
151.672
126.347
174.462
175.746
124.900
118.949
159.815
119.863
165.427
146.566
123.515
117.168
135.286
24 120.168 132.724 124.907 128.722 137.136 140.189 124.851
Imports of goods 1.....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products...........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts...............................
Computers, peripherals, and
parts...............................
Other....................................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
25 118.326 131.425 123.378 127.427 136.387 139.607 122.280
26 127.179 140.408 131.729 136.193 141.977 145.124 138.339
Imports of services 1.................
Direct defense expenditures....
Travel.......................................
Passenger fares.......................
Other transportation.................
Royalties and license fees.......
Other private services..............
Other.......................................
138.019
196.054
139.640
168.153
137.899
123.472
121.238
130.369
Addenda:
Exports of durable goods.........
Exports of nondurable goods....
Exports of agricultural goods 2
Exports of nonagricultural
goods..................................
Imports of durable goods.........
Imports of nondurable goods....
Imports of nonpetroleum goods
27
28
29
30
136.387
138.711
133.004
244.422
156.815
152.638
160.233
349.208
139.737
140.283
138.118
294.251
149.143
144.953
152.649
320.072
163.340
160.575
165.193
397.641
166.465
163.412
168.601
430.013
148.313
141.611
154.489
249.107
31
90.226
91.544
90.766
90.777
91.795
92.031
91.572
32 122.958 130.605 125.945 127.586 130.173 131.369 133.290
33 58.552 55.198 57.979 56.434 55.893 54.670 53.796
34 102.305 105.831 103.256 104.058 105.850 106.907 106.510
35 105.022 107.696 106.030 107.118 107.641
107.982 108.043
36 101.130 103.755 101.768 102.875
37 98.070 100.203 98.668 99.344
38 104.641 107.899 105.327 106.995
39 113.066 119.600 114.437 116.944
40 129.928 139.252 132.874 135.377
41 177.523 206.699 190.629 199.134
42 139.353 145.928 142.452 145.244
43 134.939 155.504 138.476 141.005
44 125.798 140.795 129.000 133.055
45 119.644 123.468 121.043 122.127
46 116.559 120.680 117.929 118.934
47 127.079 133.611 129.518 131.890
104.282
100.764
108.380
119.692
142.873
217.715
148.065
159.501
149.398
124.857
122.082
136.640
104.003
100.524
108.050
118.809
140.740
213.891
150.763
153.358
142.827
123.418
120.466
135.544
103.861
100.178
108.172
122.957
48 106.408 107.989 106.560 107.529 108.520 109.130 106.776
49 136.746 155.995 143.992 151.990 162.407 166.985 142.600
50 148.110 183.437 161.946 180.483 193.981 197.549 161.737
51
52
53
54
112.617
101.715
150.215
105.809
116.906 113.828 115.619 118.478
104.866 102.510 103.430 105.766
184.561 164.257 174.843 197.803
111.022 107.053 109.126 112.067
120.031
106.289
206.845
112.867
113.497
103.980
158.754
110.028
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government,
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are
are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services.
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
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable
nonautomotive consumer goods.
nonautomotive consumer goods.
D-36
National Data
March 2009
Table 4.2.5. Exports and Imports of Goods and Services
by Type of Product
Table 4.2.6. Real Exports and Imports of Goods and Services
by Type of Product, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Exports of goods and
services..........................
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other...................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other......................................
Line
III
84.3
109.7
94.6
109.4
119.7
118.2
91.6
368.0
128.0
240.1
325.0
119.8
205.2
347.6
122.3
225.4
395.4
137.8
257.6
416.7
141.6
275.1
312.3
6
303.1
113.9
189.2
7
447.4
469.1
468.8
466.2
480.6
487.8
442.0
8
87.3
86.5
96.3
91.3
91.3
91.7
71.5
9
10
45.5
314.6
44.0
338.7
44.5
328.1
43.2
331.7
47.2
342.1
46.5
349.6
39.1
331.4
11
121.0
121.5
125.8
122.4
124.2
131.9
107.4
12
146.1
82.7
63.4
47.3
513.2
161.3
90.8
70.4
53.5
150.5
87.5
63.0
48.9
156.9
91.2
65.7
54.4
163.9
94.3
69.6
59.8
169.5
95.7
73.7
50.2
154.7
82.0
72.7
49.4
577.7
546.0
563.9
579.5
594.6
573.0
12.1
111.2
12.8
14.8
107.4
28.8
59.7
89.1
243.4
11.2
112.1
11.1
29.9
63.5
91.9
249.0
117.8
33.0
63.6
94.8
254.4
20.8
22.0
20.0
11.4
107.4
29.7
56.3
96.3
252.0
19.9
13
14
15
16
23
24
25
26
17
18
19
110.2
202.1
30.3
60.8
93.0
249.7
20.7
106.0
29.0
55.2
87.3
236.2
19.5
2,370.2
2,531.6
2,456.5
2,526.5
2,641.4
2,676.6
2,282.0
1,985.2
81.7
2,115.7
2,118.0
85.4
2,225.5
90.1
2,251.0
91.7
1,868.1
88.8
2,060.9
83.7
27
28
29
30
294.4
157.2
137.1
331.0
310.4
157.4
153.0
450.2
292.3
152.6
139.7
396.1
297.5
153.4
144.0
448.7
325.5
164.7
160.8
494.5
337.9
170.8
167.1
525.7
280.8
140.5
140.3
331.7
31
444.5
452.9
453.1
454.4
469.3
464.0
423.7
20
21
22
88.2
32
34.4
35.4
35.1
37.0
38.1
34.2
32.2
33
34
105.2
304.9
100.9
316.6
105.5
312.5
104.2
313.1
109.4
321.9
103.3
326.5
305.0
35
258.9
234.0
260.0
257.3
249.9
232.8
195.8
36
37
38
39
478.5
263.8
214.8
96.2
484.4
265.0
219.4
95.0
484.3
270.6
213.8
91.4
481.4
261.4
93.4
496.3
276.7
219.6
99.9
502.9
278.7
224.2
95.9
456.9
243.2
213.7
90.9
40
41
42
43
44
45
46
47
385.1
32.8
76.2
28.5
67.1
25.0
144.4
416.0
35.4
80.9
33.0
72.8
26.6
155.6
395.6
34.8
78.1
29.5
11.6
415.9
35.5
81.9
33.0
74.2
25.4
154.3
11.5
425.6
36.1
81.4
33.9
75.3
29.8
157.3
11.7
413.9
35.0
78.8
33.0
70.2
26.3
158.8
11.1
408.5
35.1
81.3
32.2
71.5
24.8
152.1
11.4
48
49
50
788.7
360.5
92.1
836.1
447.0
119.8
826.4
387.3
866.8
476.9
129.8
882.1
492.1
129.9
766.4
391.1
102.8
829.2
427.7
117.8
51
52
53
54
1,057.1
1,172.5
812.7
1,654.2
1,163.3
1,156.7
958.9
1,665.5
1,110.9
1,181.9
878.9
1,664.7
1,139.1
1,173.2
944.8
1,669.3
1,213.9
1,210.6
1,014.9
1,731.1
1,244.4
1,194.3
1,056.7
1,725.3
1,055.7
1,048.8
819.3
1,536.4
68.6
24.0
149.4
11.3
220.0
86.6
11.8
101.8
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government,
are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services.
2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable
nonautomotive consumer goods.
2007
2008
IV
3
Imports of goods and
services..........................
Addenda:
Exports of durable goods........
Exports of nondurable goods...
Exports of agricultural goods 2
Exports of nonagricultural
goods...................................
Imports of durable goods.........
Imports of nondurable goods....
Imports of nonpetroleum goods
II
4
5
14.6
96.7
25.6
51.6
82.6
223.5
18.7
Imports of services 1.................
Direct defense expenditures....
Travel.......................................
Passenger fares.......................
Other transportation................
Royalties and license fees.......
Other private services.............
Other.......................................
2008
I
1 1,662.4 1,860.8 1,759.7 1,820.8 1,923.2 1,968.9 1,730.5
2 1,149.2 1,283.1 1,213.7 1,256.9 1,343.7 1,374.3 1,157.5
Exports of services 1................
Transfers under U.S. military
agency sales contracts........
Travel.......................................
Passenger fares.......................
Other transportation................
Royalties and license fees.......
Other private services.............
Other.......................................
Imports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products..........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
parts................................
Other...................................
Automotive vehicles, engines,
and parts.............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other.......................................
Seasonally adjusted at annual rates
2007
IV
Exports of goods and
services..........................
Exports of goods 1....................
Foods, feeds, and beverages....
Industrial supplies and
materials..............................
Durable goods.....................
Nondurable goods...............
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts...............................
Computers, peripherals, and
parts 2..............................
Other....................................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other........................................
Exports of services 1.................
Transfers under U.S. military
agency sales contracts........
Travel........................................
Passenger fares.......................
Other transportation.................
Royalties and license fees.......
Other private services..............
Other.......................................
Residual......................................
Imports of goods and
services..........................
Imports of goods 1.....................
Foods, feeds, and beverages....
Industrial supplies and
materials, except petroleum
and products........................
Durable goods.....................
Nondurable goods...............
Petroleum and products...........
Capital goods, except
automotive...........................
Civilian aircraft, engines, and
parts................................
Computers, peripherals, and
2008
I
II
III
IV
1 1,425.9 1,514.1 1,482.1 1,500.6 1,544.7 1,556.1 1,454.8
2
998.7 1,057.0 1,037.0 1,048.6 1,088.9 1,098.7
991.7
3
57.1
59.8
58.9
60.9
62.2
60.4
55.7
4
5
224.5
81.4
143.2
211.6
78.5
133.1
217.2
77.5
139.8
231.5
84.5
147.1
236.4
6
204.1
75.2
129.0
150.4
213.0
77.6
135.5
/
455.3
474.0
478.0
473.7
486.4
491.7
444.2
8
66.3
62.8
72.1
67.3
66.7
66.2
50.8
335.4
86.1
q
10
323.4
345.1
338.7
341.0
349.4
354.8
11
114.2
113.2
118.2
114.7
115.9
122.7
99.6
12
150.1
13
14
15
138.8
79.8
59.1
39.2
147.0
87.1
60.1
43.0
152.3
89.7
62.8
45.8
157.0
90.2
64.2
41.6
142.0
84.2
58.0
39.7
37.8
144.0
76.8
67.1
40.0
16
426.9
456.6
444.7
451.7
455.8
457.4
461.4
17
18
19
13.3
82.2
17.1
37.4
69.0
194.6
14.7
-9.8
10.7
90.4
18.3
37.9
75.3
11.5
13.2
88.2
88.1
18.5
38.2
72.1
202.7
14.9
-9.2
18.0
38.9
72.9
207.6
14.6
- 8.0
9.9
90.7
18.5
38.2
74.4
211.3
14.5
-8.5
9.7
93.2
18.9
36.2
75.9
214.0
12.5
- 12.2
89.6
17.9
38.4
78.0
215.2
14.7
-9.9
20
21
22
23
24
86.0
212.0
14.1
-9.5
66.8
10.0
2b 1,972.4 1,906.4 1,966.5 1,962.6 1,926.0 1,909.1
1,827.6
26
2/
1,677.7
64.2
1,608.3
63.3
1,670.2
63.5
1,662.0
62.7
1,631.6
63.4
1,612.2
63.2
1,527.5
63.7
28
29
30
31
215.8
113.3
103.1
135.4
197.8
103.0
95.4
130.0
209.2
108.8
199.3
134.6
199.5
105.8
94.3
140.2
97.3
124.4
203.0
104.5
99.1
122.3
189.3
99.2
90.8
133.2
32
492.6
494.7
499.2
500.6
511.3
504.2
462.8
33
28.0
27.1
27.9
29.0
29.3
26.0
24.2
34
3b
298.0
299.2
302.7
301.0
304.1
305.5
286.3
101.1
102.6
Other....................................
Automotive vehicles, engines,
and parts..............................
Consumer goods, except
automotive...........................
Durable goods.....................
Nondurable goods...............
Other........................................
36
246.5
217.3
245.2
240.2
232.2
215.6
181.3
3/
38
39
40
466.8
264.5
203.3
79.5
475.9
274.2
202.9
79.8
467.9
263.2
205.6
79.8
477.2
275.3
203.3
84.1
482.3
276.6
206.8
80.1
439.9
242.8
197.5
73.9
Imports of services 1.................
Direct defense expenditures....
Travel.......................................
Passenger fares.......................
Other transportation.................
Royalties and license fees.......
Other private services..............
Other.......................................
Residual......................................
41
42
43
44
4b
46
47
48
49
473.2
269.0
205.2
85.1
296.4
18.5
54.7
297.8
18.2
54.8
21.3
53.2
19.8
126.7
8.7
-58.8
301.8
17.6
56.0
22.9
53.7
20.3
127.9
8.7
-51.0
295.5
16.6
54.3
21.5
52.0
297.9
16.6
55.0
53.3
20.9
123.9
8.7
-56.1
298.8
17.2
55.4
21.3
51.8
21.5
129.0
8.7
-63.7
128.1
8.5
-87.3
-84.1
299.9
17.9
56.5
19.6
50.9
21.3
131.0
9.0
-32.4
50
51
52
741.2
263.6
62.2
774.0
286.3
65.4
775.5
269.2
63.6
771.2
281.6
65.4
798.8
293.9
67.1
808.4
295.0
65.9
717.8
274.5
63.1
b3
54
55
56
938.6
1,152.7
541.0
1,563.4
976.2
985.5
1,024.8
1,037.0
930.4
Addenda:
Exports of durable goods.........
Exports of nondurable goods....
Exports of agricultural goods 3
Exports of nonagricultural
goods..................................
Imports of durable goods.........
Imports of nondurable goods....
Imports of nonpetroleum goods
21.1
994.4
20.6
21.2
50.4
23.9
128.9
8.6
1,102.8 1,153.0 1,134.3 1,144.6 1,123.6 1,008.6
519.6
1,499.8
534.6
1,555.0
539.9
1,529.7
512.6
1,544.6
510.4
1,528.5
515.6
1,396.3
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government,
are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services.
2. The quantity index for computers can be used to accurately measure the real growth of this component. However,
because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates
should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate
series; accurate estimates of these contributions are shown in table 4.2.2. and real growth rates are shown in table 4.2.1.
3. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable
nonautomotive consumer goods.
N ote . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. For exports and for
imports, the residual line is the difference between the aggregate line and the sum of the most detailed lines.
March 2009
Survey
D-37
C u r r e n t B usin ess
of
5. Saving and Investment
Table 5.1. Saving and Investment
Table 5.3.1. Percent Change From Preceding Period
in Real Private Fixed Investment by Type
[Billions of dollars]
[Percent]
Seasonally adjusted at annual rates
Line
Gross saving.........................
Net saving....................................
Net private saving.......................
Personal saving......................
Undistributed corporate profits
with inventory valuation and
capital consumption
adjustments........................
2007
2008
1 1,956.0
?
3
4
S
235.6
454.5
57.4
192.9
2007
Seasonally adjusted at annual rates
2008
IV
I
II
III
1,903.6
1,773.6
1,634.6
1,670.5
145.0
403.6
42.4
-4.4
378.7
-168.5
547.9
267.9
-227.5
420.1
139.8
20.6
Line
IV
6
403.4
647.3
361.2
644.5
358.1
515.5
280.0
496.7
280.3
459.1
7
-51.2
-74.1
-109.4
-154.0
-90.9
Inventory valuation
Capital consumption
adjustment......................
Wage accruals less
disbursements....................
Net government saving...............
8
-192.7
-71.7
-209.2
-48.0
-62.7
- 88.0
- 88.0
9
-6.3
-218.9
-229.3
10.4
0.0
0.0
0.0
0.0
0.0
0.0
-258.6
-236.3
-22.3
-383.1
-330.7
-52.4
-716.4
-649.6
-66.9
-647.6
-544.0
-103.6
1,758.6
1,462.3
1,171.4
290.9
296.3
113.9
182.4
1,778.0
1,477.5
1,186.1
291.4
300.5
115.0
185.5
1,803.1
1,497.4
1,205.6
291.8
305.7
116.9
188.8
1,898.1
1,585.9
1,266.0
320.0
312.1
119.2
192.9
1,849.8
1,531.4
1,242.3
289.1
318.3
120.5
197.8
1,917.4
2,568.4
1,837.0
2,530.0
1,771.2
2,493.8
1,820.7
2,517.2
2,428.2
2,056.1
473.9
2.4
2,000.9
492.8
2,010.9
506.3
1,915.1
513.1
State and local........................
10
11
1?
Consumption of fixed capital......
Private.......................................
Domestic business.................
Households and institutions....
Government...............................
Federal..................................
State and local........................
13
14
15
16
17
18
19
1,720.5
1,431.1
1,147.0
284.1
289.4
177.6
1,832.2
1,523.1
1,225.0
298.1
309.1
117.9
191.2
?n
1,874.6
2,593.2
2,492.3
2,130.4
462.8
1,995.7
496.5
111.8
Gross domestic investment,
capital account
transactions, and net
lending, NIPAs..................
Gross domestic investment............
Gross private domestic
investment..............................
Gross government investment....
Capital account transactions (net) 1
Net lending or net borrowing (-),
NIPAs..........................................
1.8
2,092.3
476.1
2.3
2.6
2.6
VS
-720.4
-653.3
-695.4
-725.2
-699.1
Statistical discrepancy........
?fi
-81.4
13.9
63.4
136.6
150.2
?1
?9
30
31
1,885.6
70.4
-117.5
187.9
872.7
1,865.9
37.7
-122.4
160.1
809.8
1,856.2
-82.6
-215.8
133.1
752.0
2,045.3
-410.7
-532.7
690.7
2,006.0
-335.5
-424.8
89.3
619.2
'V
14.0
13.4
12.5
11.5
11.6
33
1.7
1.0
0.0
- 1.2
- 1.6
Addenda:
Gross private saving...................
Gross government saving...........
Federal..................................
Net domestic investment............
21
22
23
?4
?8
660.1
122.0
Gross saving as a percentage
Net saving as a percentage of
gross national income.........
1. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets.
578.4
2008
I
II
III
IV
-5.6
-1.7
-5.3
-21.3
1.7
3.4
2.4
2.5
-1.7
- 21.1
11.5
8.5
8.6
18.5
9.7
0.2
8.8
0.2
49.5
16.2
- 8.8
16.5
-5.9
-15.6
40.3
14.0
-3.6
13.0
23.2
9.3
19.3
17.0
13.7
-8.4
13.2
15.5
12.8
31.6
17.3
45.3
1.9
1.4
-7.9
1.7
-3.0
1.0
- 0.6
-5.0
-7.5
-28.8
10
9.6
4.7
10.5
7.2
8.0
-4.2
-23.9
11
12
17.9
19.3
9.9
7.3
-14.3
-15.2
6.3
16.1
9.9
13.0
0.2
0.8
- 12.6
-5.2
6.7
4.5
3.7
-4.3
-28.6
-1.4
-14.0
-12.5
13.0
-3.6
-46.6
-3.2
-22.4
-4.4
5.3
- 8.8
-44.7
18.0
-36.9
-16.5
-26.1
-15.7
-70.2
-22.7
-17.9
-20.7
-27.0
-25.1
-13.3
-16.0
- 22.2
- 21.0
-32.0
-36.4
-4.5
- 6.6
-27.3
-39.8
-42.8
-17.7
- 8.2
-25.4
-40.8
-46.2
- 1.1
-3.6
-13.7
-23.2
-30.7
24.7
-3.1
-16.0
-24.2
-30.4
7.8
-7.6
-22.3
-36.4
-41.3
-14.3
-7.8
4.9
Structures..............................
Commercial and health care
Manufacturing......................
Power and communication....
Mining exploration, shafts,
and wells..........................
Other structures 1................
3
4
5
12.7
8.3
14.1
23.1
8
Equipment and software.......
Information processing
equipment and software...
Computers and peripheral
equipment....................
Software 2........................
Other 3.............................
Industrial equipment............
Transportation equipment....
Other equipment4...............
9
Residential.................................
2007
- 6.2
-3.1
Nonresidential...........................
2008
IV
1
2
Private fixed investment....
343.2
2007
6
7
13
14
15
16
17
5.4
1.4
136.1
0.5
2.1
6.8
21.8
- 10.8
Structures..............................
Permanent site.....................
Single family....................
Multifamily........................
Other structures 5................
20
21
22
-18.1
-25.8
-27.4
- 12.8
-5.3
Equipment..............................
23
-1.4
-3.9
-2.5
-4.9
8.0
-17.4
-16.6
24
-7.1
-6.7
-12.5
-10.4
1.6
-3.1
-13.5
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 6.........................
Nonresidential structures.....
Residential structures..........
18
19
10.0
-4.9
25
1.7
-3.0
0.9
- 0.6
-4.9
-7.6
-28.7
26
27
28
-6.3
12.7
-18.4
-5.6
11.4
-11.5
8.5
-27.5
- 10.1
8.5
-26.9
2.1
- 2.6
9.6
-16.9
-12.7
- 6.0
-21.7
- 21.1
18.3
-14.7
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational
structures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield
machinery, service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and
brokers’ commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
D-38
March 2009
National Data
Table 5.3.2. Contributions to Percent Change in Real Private Fixed
investment by Type
Table 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes
[index numbers, 2000 = 100]
Seasonally adjusted
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Line
2008
I
II
III
Private fixed investment....
1
-3.1
-4.9
-6.2
-5.6
-1.7
-5.3
-21.3
Percentage points at annual
rates:
Nonresidential...........................
2
3.20
1.16
2.40
1.77
1.84
-1.27
-16.20
Structures..............................
Commercial and health care
Manufacturing......................
Power and communication...
Mining exploration, shafts,
and wells.........................
Other structures 1................
3
4
5
2.43
0.59
0.18
0.52
2.61
2.04
-0.32
4.36
0.64
0.41
1.94
0.72
0.67
0.47
0.22
1.79
0.70
0.02
2.50
-0.80
0.37
0.24
-1.56
-1.39
0.54
-0.41
0.95
0.60
-0.49
0.58
0.84
0.59
1.72
0.81
2.60
0.11
8
0.46
0.67
0.10
-0.41
9
0.78
-1.45
0.46
-0.27
-2.52
-3.78
-14.64
10
2.10
1.12
2.44
1.77
2.01
- 1.12
-6.36
11
12
0.70
0.94
0.47
0.78
0.68
1.02
1.07
0.56
0.24
0.63
-1.31
-1.16
0.49
0.02
1.20
0.07
-1.04
-1.07
-0.32
-3.95
-0.26
-1.13
-0.52
0.53
-0.81
-3.21
1.37
Equipment and software.......
Information processing
equipment and software ...
Computers and peripheral
equipment...................
Software 2 .......................
Other 3.............................
Industrial equipment............
Transportation equipment....
Other equipment4...............
6
/
0.01
0.02
13
14
15
16
-1.03
-0.41
0.30
0.48
0.34
-0.37
-2.09
- 0.11
Residential.................................
17
-6.25
-6.07
-8.59
-7.40
-3.53
-4.05
-1.71
-1.90
-2.75
-1.35
-4.93
- 2.00
-5.12
Structures.............................
Permanent site....................
Single family....................
Multifamily.......................
Other structures 5................
18
19
20
21
22
-6.25
-5.56
-5.24
-0.32
-0.69
-6.05
-5.22
-5.12
- 0.10
-0.83
-8.58
-7.56
-7.16
-0.41
- 1.02
-7.38
-6.94
-6.92
- 0.02
-0.44
-3.57
-3.19
-3.66
0.47
-0.38
-3.97
-3.03
-3.20
0.17
-0.94
-5.05
-4.17
-3.87
-0.30
- 0.88
Equipment..............................
23
-0.01
-0.02
-0.01
-0.02
0.03
-0.08
-0.07
Addenda:
Private fixed investment in
structures............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 6..........................
Nonresidential structures.....
Residential structures..........
0.12
24
-3.82
-3.44
-6.64
-5.34
0.80
-1.47
-6.61
25
0.77
-1.47
0.45
-0.29
-2.49
-3.86
-14.71
26
27
28
-3.09
2.42
-5.51
- 2.68
2.59
-5.27
-5.61
1.94
-7.54
-4.85
0.99
4.33
-3.34
-1.14
2.48
-3.63
-5.77
-1.57
-4.20
2.02
- 6.86
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded," or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
2008
2007
IV
I
II
III
102.424
106.503
104.969
104.522
103.102
IV
Percent change at annual rate:
Private fixed investment....
2007
Nonresidential............................
Structures...............................
Commercial and health care
Manufacturing......................
Power and communication....
Mining exploration, shafts,
and wells..........................
Other structures 1................
Equipment and software.......
Information processing
equipment and software...
Computers and peripheral
equipment....................
Software 2........................
Other 3.............................
Industrial equipment............
Transportation equipment....
Other equipment4...............
1 107.717
2008
2 112.244 114.126 114.819 115.504 116.212 115.714 109.074
3
4
5
6
97.264 108.437
87.048
87.201
75.083 105.371
92.881 105.888
7
163.896
8 95.505
9 117.412
111.257
87.099
109.567
83.487
102.076
89.911
83.763
100.294
104.206
89.086
86.364
105.666
108.716
89.133
107.059
105.804
191.783 167.155
108.597 102.543
113.877 118.636
173.291
105.677
185.600 203.757 204.484
109.978 110.490 108.243
118.470
116.961
111.222 116.841
107.551
114.709
104.531
105.368
10 139.842 146.361 144.914 147.465 150.324 148.727 138.930
11 230.472 245.848 245.331 254.682 262.580 246.464 219.666
12 134.548 140.659 139.131 142.463 143.201 141.617 135.357
13 114.710
14 97.805
15 86.683
16 113.095
118.991
93.647
61.912
111.538
117.627
96.179
81.981
115.475
Residential.................................
17 101.534
80.469
92.110
85.698
Structures..............................
Permanent site.....................
Single family....................
Multifamily........................
Other structures 5................
Equipment.............................
18 101.216
19 93.247
20 90.399
21 117.306
22 114.250
79.953
63.372
57.483
111.972
106.655
91.686
80.509
77.259
107.728
109.882
85.216
70.609
66.172
107.427
108.883
23 128.580
123.612
127.738
126.133
128.573
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 6..........................
Nonresidential structures.....
Residential structures..........
IV
97.102
117.698
96.369
78.949
111.679
121.342
95.494
67.497
110.767
122.931
93.311
58.204
115.457
113.992
89.415
42.998
108.247
82.692
79.154
74.331
82.144
66.108
60.369
113.512
108.043
78.634
61.683
55.132
115.667
105.916
73.818
55.088
48.259
111.282
103.776
122.582
117.159
24
100.474
93.759
97.315
94.690
95.063
94.327
90.957
25
117.501
113.955
118.708
118.530
117.055
114.771
105.463
26
27
28
98.988
97.241
98.884
93.422
108.355
77.985
96.681
102.046
90.146
94.142
104.159
83.356
94.638
108.637
80.114
94.021
111.163
76.502
90.885
109.460
71.969
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers'
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers' commissions on the sale of structures.
March 2009
Survey
of
D-39
C u r r e n t B usin ess
Table 5.3.4. Price Indexes for Private Fixed Investment by Type
Table 5.3.5. Private Fixed Investment by Type
[Index numbers, 2000=100]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted
Line
2007
2008
2007
IV
II
Line
III
Nonresidential............................
Structures..............................
Commercial and health care
Manufacturing......................
Power and communication...
Mining exploration, shafts,
and wells.........................
Other structures 1................
3 157.662 163.288
4 145.646 150.269
5 138.106 145.234
6 143.206 152.470
159.138 160.182
147.712 148.729
140.011 141.573
145.296 146.941
7 265.158 273.109 263.966 265.221
8 138.742 141.851 140.532 140.978
161.496
149.067
142.078
149.897
164.285
150.169
145.475
154.762
2007
2008
167.188
153.110
151.810
158.279
269.548 277.090 280.578
141.296 142.169 142.962
Private fixed investment....
Nonresidential...........................
Structures..............................
Commercial and health care
Manufacturing......................
Power and communication....
Mining exploration, shafts,
and wells..........................
Other structures 1................
9
94.870
95.487
94.798
94.700
95.101
95.710
96.439
10
79.170
78.221
78.586
78.245
78.370
78.293
77.978
11
12
13
14
15
16
40.062
95.888
90.278
115.968
112.762
113.222
35.967
96.822
90.937
121.142
112.860
116.750
38.391
96.147
90.047
117.484
112.519
113.933
37.024
96.339
90.345
118.620
111.871
114.175
36.297
96.976
90.863
120.525
111.849
114.579
35.608
97.196
91.160
122.615
112.692
116.616
34.940
96.776
91.380
122.809
115.026
121.632
Equipment and software.......
Information processing
equipment and software...
Computers and peripheral
equipment....................
Software 2.......................
O ther 3............................
Industrial equipment............
Transportation equipment....
Other equipment 4 ...............
17
138.884
135.571
138.803
137.900
136.687
135.535
2007
2008
III
IV
1 2,134.0
2 1,503.8
2,041.4
2,113.4
2,081.7
2,077.0
2,060.6
1,946.3
1,553.5
1,542.1
1,581.2
1,507.4
554.7
180.2
48.8
75.5
508.7
182.6
37.3
68.2
1,553.6
522.7
182.2
38.9
72.6
1,571.9
480.3
174.4
33.0
62.3
549.8
182.7
48.4
74.2
572.4
179.9
51.5
77.9
573.7
175.8
56.4
77.4
8
118.1
92.6
142.7
107.6
120.0
100.6
125.0
104.0
136.1
108.5
153.5
109.7
IV
1 117.995 118.723 118.189 118.117 118.353 119.037 119.384
2 108.739 110.512 109.015 109.177 109.788 110.913 112.171
Private fixed investment....
Equipment and software.......
Information processing
equipment and software...
Computers and peripheral
equipment...................
Software 2 .......................
O ther 3.............................
Industrial equipment............
Transportation equipment....
Other equipment4...............
2008
I
3
4
5
6
IV
I
II
9
1,023.5
998.9
1,033.4
1,030.9
1,022.1
1,008.8
156.0
108.0
933.7
10
517.7
535.4
532.5
539.6
550.9
544.5
506.6
11
12
89.9
239.9
205.6
180.6
95.7
235.6
95.8
241.8
13
14
15
16
93.7
227.3
196.8
180.6
157.2
168.0
201.2
202.0
170.8
179.9
148.4
172.6
182.0
142.1
167.3
96.8
244.6
209.5
183.2
121.4
166.5
89.2
242.5
212.9
182.2
105.5
176.6
78.0
230.7
197.9
174.8
79.5
172.7
7
112.1
132.161
Residential.................................
17
630.2
487.9
571.3
528.1
505.0
479.4
439.0
Structures..............................
Permanent site....................
Single family....................
Multifamily.......................
Other structures 5................
18 139.508 136.113 139.431 138.512 137.276 136.061 132.603
19 142.989 137.060 142.608 140.827 138.467 136.207 132.741
20 142.573 136.474 141.997 140.224 137.874 135.624 132.173
21 145.435 140.166 145.839 144.018 141.605 139.293 135.750
22 134.056 133.280 134.368 134.364 134.220 133.968 130.567
Structures..............................
Permanent site.....................
Single family....................
Multifamily........................
Other structures 5 ................
18
19
478.7
230.6
186.2
44.3
248.1
561.8
304.2
259.8
44.4
257.6
518.7
263.4
219.7
43.7
255.3
495.6
242.5
197.1
45.4
253.1
470.2
20
21
22
620.7
353.4
305.2
48.2
267.3
177.1
45.5
247.6
430.2
193.7
151.0
42.7
236.4
Equipment..............................
23
Equipment.............................
23
9.5
9.2
9.5
9.3
9.5
9.2
8.8
24
1,100.9
1,033.3
1,070.5
1,041.5
1,045.4
1,042.6
1,003.8
25
1,033.1
1,008.1
1,042.9
1,040.2
1,031.6
1,018.0
942.5
26
27
28
1,017.1
479.7
537.4
968.3
553.9
414.4
998.1
508.2
489.9
971.7
522.1
449.6
978.1
549.1
429.0
978.4
571.6
406.8
945.2
572.8
372.4
Residential................................
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 6..........................
Nonresidential structures.....
Residential structures..........
24
100.892
145.566
101.054
146.420
25
94.921
95.535
26
27
28
147.387
158.055
141.150
148.693
163.735
137.947
100.635
100.461
100.246
101.678
146.147
146.120
94.848
94.750
95.145
95.761
96.485
148.083 148.062
159.549 160.603
141.173 140.117
148.255
161.927
139.124
149.270
164.739
138.138
149.183
167.670
134.409
146.097
146.842
101.830
146.621
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sate of structures.
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 6..........................
Nonresidential structures.....
Residential structures..........
222.6
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational struc
tures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. Excludes software “embedded,” or bundled, in computers and other equipment.
3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere classified.
5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers'
commissions on the sale of residential structures.
6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
D-40
National Data
March 2009
Table 5.3.6. Real Private Fixed Investment by Type, Chained Dollars
Table 5.6.5B. Change in Private Inventories by Industry
[Billions of chained (2000) dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Private fixed investment....
Nonresidential...........................
Structures..............................
Commercial and health care
Manufacturing......................
Power and communication...
Mining exploration, shafts,
and wells.........................
Other structures 1................
Equipment and software.......
Information processing
equipment and software...
Computers and peripheral
Software 3 .......................
Other 4.............................
Industrial equipment............
Transportation equipment....
Other equipment5...............
Residential.................................
Structures..............................
Permanent site....................
Single family....................
Multifamily.......................
Other structures 6................
Equipment..............................
Residual......................................
Addenda:
Private fixed investment in
structures.............................
Private fixed investment in
equipment and software......
Private fixed investment in new
structures 7..........................
Nonresidential structures.....
Residential structures..........
Seasonally adjusted at annual rates
2008
I
II
Line
III
304.6
119.7
23.9
43.5
339.6
119.9
33.5
49.6
319.7
123.7
26.6
46.9
326.4
122.5
27.5
49.5
340.5
8
44.5
66.7
52.1
75.9
45.4
71.6
9
1,078.9
1,046.4
10
653.9
684.4
6
/
11
12
13
14
15
16
17
237.0
218.0
155.7
139.4
148.4
247.8
226.1
149.1
99.6
146.3
34.0
49.5
348.4
119.8
35.4
50.3
343.1
114.8
37.2
48.9
47.1
73.8
50.4
76.8
55.4
77.2
55.6
75.6
1,090.1
1,088.6
1,074.7
1,054.0
968.2
677.6
689.6
702.9
695.5
649.7
245.1
223.5
153.1
131.9
151.5
251.0
223.6
153.4
127.0
146.5
252.3
230.6
152.0
108.6
145.3
249.5
233.6
148.6
93.6
151.5
238.4
216.6
142.4
69.2
142.0
369.6
353.7
332.2
361.1
175.2
142.9
32.1
188.5
345.6
163.5
130.5
32.7
184.8
324.5
146.0
114.3
31.4
181.1
453.8
359.6
411.6
383.0
20
21
22
444.9
247.1
214.1
33.1
199.4
351.4
168.0
136.1
31.6
186.1
403.0
213.4
182.9
30.4
191.7
374.6
187.1
156.7
30.4
190.0
23
24
9.5
-78.2
18
19
9.1
-92.5
122.6
9.4
-94.4
9.3
-104.3
9.5
-106.6
9.0
-90.8
8.6
- 68.6
25
756.3
705.8
732.5
712.8
715.6
710.0
684.7
26
1,088.4
1,055.5
1,099.5
1,097.9
1,084.2
1,063.1
976.8
27
28
29
690.1
303.5
380.7
651.3
338.2
300.2
674.0
318.5
347.1
656.3
325.1
320.9
659.8
339.1
308.4
655.5
347.0
294.5
633.6
341.7
277.1
1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational
structures, net purchases of used structures, and brokers’ commissions on the sale of structures.
2. The quantity index for computers can be used to accurately measure the real growth rate of this component.
However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar
estimates should not be used to measure the component’s relative importance or its contribution to the growth rate of more
aggregate series; accurate estimates of these contributions are shown in table 5.3.2 and real growth rates are shown in
table 5.3.1.
3. Excludes software “embedded,” or bundled, in computers and other equipment.
4. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and
related equipment, and office and accounting equipment.
5. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield
machinery, service industry machinery, and electrical equipment not elsewhere classified.
6. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and
brokers' commissions on the sale of residential structures.
7. Excludes net purchases of used structures and brokers’ commissions on the sale of structures.
No te . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is
the difference between the first line and the sum of the most detailed lines.
2008
IV
1 1,808.5 1,719.7 1,788.2 1,762.4 1,754.9 1,731.1 1,630.3
2 1,382.9 1,406.1 1,414.7 1,423.1 1,431.8 1,425.7 1,343.9
3
4
5
2007
2007
IV
Change in private
inventories......................
Farm............................................
Mining, utilities, and construction
Manufacturing..............................
Durable goods industries.........
Nondurable goods industries....
Wholesale trade...........................
Durable goods industries.........
Nondurable goods industries....
Retail trade.................................
Motor vehicle and parts dealers
Food and beverage stores.......
General merchandise stores....
Other retail stores....................
Other industries...........................
Addenda:
Change in private inventories...
Durable goods industries.....
Nondurable goods industries
Nonfarm industries...................
Nonfarm change in book
value 1 .............................
Nonfarm inventory valuation
adjustment2 ....................
Wholesale trade.......................
Merchant wholesale trade....
Durable goods industries
Nondurable goods
industries.....................
Nonmerchant wholesale
trade...............................
1
2
3
4
b
6
7
8
9
10
11
12
13
14
15
16
17
18
19
-3.6
1.6
- 1.1
-45.6
-2.4
-14.2
-10.5
6.5
-16.9
-1.5
5.2
-6.7
-16.9
-7.0
2008
I
-21.1
5.7
-7.7
3.0
16.9
-14.0
- 2.0
3.9
-5.9
-22.4
-26.6
-25.6
0.2
0.6
1.0
3.3
-2.4
- 8.1
- 0.1
- 1.1
4.3
2.3
-15.4
18.1
3.9
14.2
- 8.0
6.4
-14.4
- 20.8
-10.4
0.4
-3.1
-7.7
0.3
-3.6
- 10.2
6.5
-5.2
-45.6
- 10.1
-35.6
-43.2
- 21.1
- 6.1
-14.9
-26.7
-25.6
-7.2
-18.4
-25.8
-4.9
- 0.2
-4.7
3.6
-1.7
5.4
- 6.2
- 8.6
0.9
-0.5
2.0
III
II
IV
-49.7
-4.2
-15.0
-38.7
- 8.2
-30.6
5.6
23.6
-18.0
4.0
5.2
-14.4
-37.2
-19.7
-17.5
- 6.2
-4.2
- 0.8
-1.5
-1.3
-31.3
-1.7
- 12.1
16.0
49.9
-33.9
-5.8
- 12.2
6.4
-32.5
-9.8
- 0.2
-5.7
-16.9
4.8
-76.0
-43.9
-32.1
-71.9
-49.7
10.9
-60.5
-45.5
-31.2
-29.6
-76.0
^ .1
2.1
2.8
-0.7
-18.3
-13.1
0.8
0.1
1.2
-31.3
0.0
20
54.4
12.2
60.6
111.0
124.9
51.2
-238.4
21
22
-55.4
-1.5
7.6
-87.3
- 2.0
-96.7
5.6
11.2
3.2
-136.8
- 8.0
- 2.1
14.6
-196.8
23
24
-59.6
3.6
5.9
- 1.2
29.0
208.8
-5.8
-1.9
-10.4
25
7.1
-3.6
- 1.0
-16.7
1.2
-7.4
8.5
26
-2.3
-9.1
-4.2
-5.9
-10.7
-16.0
-3.9
2.2
2.1
12.8
11.6
21.6
1. This series is derived from the Census Bureau series “current cost inventories.”
2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business incomes. The
IVA in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) underlying inventories derived
primarily from Census Bureau statistics (see footnote 1). This mix differs from that underlying business income derived
primarily from Internal Revenue Service statistics.
N ote . Estimates in this table are based on the North American Industry Classification System (NAICS).
Table 5.6.6B. Real Change in Private Inventories
by Industry, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
Change in private
inventories......................
Farm............................................
Mining, utilities, and construction
Manufacturing.............................
Durable goods industries.........
Nondurable goods industries....
Wholesale trade...........................
Durable goods industries.........
Nondurable goods industries....
Retail trade.................................
Motor vehicle and parts dealers
Food and beverage stores.......
General merchandise stores....
Other retail stores....................
Other industries..........................
Residual......................................
Addenda:
Change in private inventories...
Durable goods industries.....
Nondurable goods industries
Nonfarm industries...................
Wholesale trade.......................
Merchant wholesale trade....
Durable goods industries
Nondurable goods
industries.....................
Nonmerchant wholesale
trade...............................
1
2
-2.5
3
4
5
- 0.6
-3.5
6
-3.2
3.2
-1.5
4.0
-5.6
- 8.6
0.7
-0.4
3.0
1.3
-27.6
3.6
- 8.2
-7.9
5.4
-11.7
- 0.8
4.2
-3.6
-14.5
-7.0
0.4
- 2.1
-6.3
0.3
- 2.6
-2.5
-8.7
5.3
-3.7
3.2
5.2
- 1.0
-27.6
- 8.2
-18.5
-32.8
- 0.8
6.5
9.4
24
5.5
25
- 1.8
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
1.0
0.0
1.8
-8.1
10.5
-5.0
2.9
13.8
-9.1
-1.5
3.5
-4.2
- 20.2
-26.6
0.8
- 1.0
3.9
2.1
3.2
- 8.1
-5.2
-3.2
2008
I
III
II
-10.2
6.0
-9.4
13.7
3.0
9.7
-5.1
5.6
-8.4
-18.5
-10.3
0.3
- 2.8
-6.5
0.3
2.3
-50.6
2.4
- 8.0
-26.0
-14.4
-11.3
1.0
2.3
- 0.8
-16.0
-13.0
0.6
0.1
-5.1
-3.4
0.0
IV
-29.6
2.2
- 8.0
-25.6
-5.7
-18.0
4.2
19.7
- 10.8
3.5
5.1
0.9
-0.7
- 1.2
- 1.0
- 12.1
-19.9
3.6
-7.3
6.3
38.7
-27.2
-3.3
- 10.8
5.6
-27.1
-9.8
- 0.2
-5.0
- 12.6
5.4
-0.3
2.0
- 10.2
- 6.1
-4.3
-17.9
-5.1
-0.5
2.9
12.8
- 1.6
-0.7
-10.3
0.8
-4.6
7.9
-6.3
-3.2
-4.1
-7.4
- 10.2
-3.5
- 20.6
-1.5
-50.6
-36.1
-16.9
-55.1
1.0
9.6
9.8
-29.6
9.3
-34.3
-33.3
4.2
16.2
24.1
-19.9
0.2
-18.5
-25.0
-3.3
0.6
-9.2
N ote . Estimates in this table are based on the North American Industry Classification System (NAICS).
Chained (2000) dollar series for real change in private inventories are calculated as the period-to-period change in
chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates.
Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chaineddollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most
detailed lines.
March 2009
Sur v ey
of
D-41
C u r r e n t B u sin ess
Table 5.7.5B. Private Inventories and Domestic Final Sales by Industry
[Billions of dollars]
Table 5.7.6B. Real Private Inventories and Real Domestic Final Sales
by Industry, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted quarterly totals
Line
2007
IV
Private inventories 1..........................................
Farm............................................................................
Mining, utilities, and construction.................................
Manufacturing..............................................................
Durable goods industries
Nondurable goods industries...................................
Wholesale trade.................
Durable goods industries.........................................
Nondurable goods industries...................................
Retail trade.......................
Motor vehicle and parts dealers..............................
Food and beverage stores.......................................
General merchandise stores...................................
Other retail stores....................................................
Other industries...........................................................
Seasonally adjusted quarterly totals
2008
I
II
III
IV
1 2,088.0 2,178.2 2,264.4 2,233.8 2,043.2
2
191.2
220.2
235.1
227.0
202.8
91.5
628.7
356.9
271.8
511.9
278.8
233.1
517.0
152.6
42.1
81.0
241.2
147.8
95.2
661.9
373.4
288.5
531.2
286.6
244.5
518.4
150.8
43.2
81.6
242.9
151.4
103.5
697.2
389.9
307.3
552.3
295.3
256.9
522.4
147.9
44.6
82.8
247.1
153.9
98.9
677.8
387.4
290.4
546.4
302.5
243.9
527.0
149.7
45.3
83.5
248.4
156.7
80.3
602.1
367.5
234.6
498.9
287.4
211.5
507.0
145.6
44.2
81.8
235.5
152.0
76.8
2,233.8
956.7
1,277.1
2,006.8
546.4
476.1
272.8
203.3
70.3
Final sales of domestic business2...................
25
800.9
2,178.2
927.0
1,251.2
1,958.0
531.2
456.9
254.4
202.5
74.3
804.1
2,264.4
949.7
1,314.7
2,029.3
552.3
475.5
264.5
23
24
2,088.0
904.4
1,183.6
1,896.8
511.9
439.1
245.2
193.9
72.8
813.7
814.4
2,043.2
908.5
1,134.7
1,840.4
498.9
442.7
259.3
183.4
56.3
796.9
Final sales of goods and structures of
domestic business 2.....................................
26
477.6
476.4
481.1
479.2
461.2
Addenda:
Private inventories...................................................
Durable goods industries.....................................
Nondurable goods industries...............................
Nonfarm industries..................................................
Wholesale trade......................................................
Merchant wholesale trade...................................
Durable goods industries.................................
Nondurable goods industries...........................
Nonmerchant wholesale trade.............................
Ratios of private inventories to final sales of
domestic business:
Private inventories to final sales..............................
Nonfarm inventories to final sales...........................
Nonfarm inventories to final sales of goods and
structures.............................................................
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
211.0
27
28
2.61
2.37
2.71
2.44
2.78
2.49
2.74
2.46
2.56
2.31
29
3.97
4.11
4.22
4.19
3.99
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from currentdollar inventories in this table is not the current-dollar change in private inventories component of GDP. The former is the
difference between two inventory stocks, each valued at its respective end-of-quarter prices. The latter is the change in the
physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at
quarterly rates, whereas, the change in private inventories is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross
output of general government, gross value added of nonprofit institutions, compensation paid to domestic workers, and
space rent for owner-occupied housing. It includes a small amount of final sales by farm and by government enterprises.
No te . Estimates in this table are based on the North American Industry Classification System (NAICS).
Table 5.7.9B. Implicit Price Deflators for Private Inventories by Industry
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
IV
Private inventories 1..........................................
Farm............................................................................
Mining, utilities, and construction.................................
Manufacturing...................
Durable goods industries.........................................
Nondurable goods industries...................................
Wholesale trade................
Durable goods industries.........................................
Nondurable goods industries...................................
Retail trade..................................................................
Motor vehicle and parts dealers..............................
Food and beverage stores.......................................
General merchandise stores...................................
Other retail stores....................................................
Other industries...........................................................
Addenda:
Private inventories...................................................
Durable goods industries.....................................
Nondurable goods industries...............................
Nonfarm industries..................................................
Wholesale trade......................................................
Merchant wholesale trade...................................
Durable goods industries.................................
Nondurable goods industries............................
Nonmerchant wholesale trade.............................
2008
I
II
III
3 152.031 164.593 185.324
4 135.620 141.740 151.408
5 124.625 130.063 137.523
6 152.835 160.029 173.197
7 127.474 132.696 137.889
8 113.402 115.925 119.176
9 149.499 158.996 167.290
10 110.842 112.258 114.119
11 100.057 100.562 100.856
12 126.304 129.248 132.804
13 110.609 112.391 114.066
14 116.847 118.560 121.357
15 115.881 118.630 121.371
183.703
149.268
137.343
167.903
136.069
119.684
161.660
114.900
154.452
132.133
125.969
141.189
124.493
114.961
138.857
133.924
115.354
122.215
123.845
130.966
114.857
117.645
118.855
16
17
18
19
137.369
122.529
150.821
134.250
136.069
133.482
20
21
22
23
24
132.316
117.709
145.562
129.077
132.696
130.449
116.338
153.162
147.483
138.617
121.997
153.697
135.001
137.889
134.838
119.620
159.365
158.353
112.201
101.212 100.047
126.030
116.349
134.730
123.631
124.493
124.057
120.111 115.317
154.883 137.653
153.079 124.881
1. Implicit price deflators are as of the end of the quarter and are consistent with inventory stocks.
N ote . Estimates in this table are based on the North American Industry Classification System (NAICS).
IV
1 126.644 132.316 138.617 137.369 126.030
2 149.068 169.647 180.322 173.373 153.811
126.644
114.630
137.519
124.674
127.474
125.316
113.778
143.859
141.673
Line
2007
IV
Private inventories 1.........................................
Farm............................................................................
Mining, utilities, and construction................................
Manufacturing.............................................................
Durable goods industries
Nondurable goods industries..................................
Wholesale trade................
Durable goods industries
Nondurable goods industries..................................
Retail trade.......................
Motor vehicle and parts dealers..............................
Food and beverage stores......................................
General merchandise stores...................................
Other retail stores...................................................
Other industries..........................................................
Residual......................................................................
2008
I
II
III
IV
1 1,648.7 1,646.2 1,633.6 1,626.2 1,621.2
2
128.3
129.8
130.4
130.9
131.8
55.8
460.5
283.5
177.5
400.5
247.8
153.6
457.8
146.7
33.6
72.6
203.6
126.8
1.7
53.8
454.1
282.1
173.0
401.6
252.7
150.9
458.7
147.9
33.8
72.4
203.3
126.5
- 1.1
52.0
455.7
291.8
166.1
400.8
250.0
152.3
451.9
145.5
33.8
71.2
1.2
57.8
467.0
287.1
180.3
400.3
247.2
153.8
461.8
149.9
33.4
72.6
204.8
127.6
1.9
1,646.2
787.5
859.6
1,516.9
400.3
350.2
218.7
132.2
50.4
1,633.6
778.5
855.4
1,503.2
400.5
352.6
23
24
25
1,648.7
789.0
860.7
1,521.4
401.5
350.4
215.5
134.8
51.4
132.4
48.5
1,626.2
780.8
846.8
1,494.8
401.6
356.7
227.1
131.3
45.9
1,621.2
780.8
842.2
1,488.6
400.8
356.8
224.8
133.2
45.1
Final sales of domestic business 2..................
26
693.1
693.4
702.8
696.1
678.0
Final sales of goods and structures of
domestic business 2.....................................
27
428.4
426.5
435.3
429.2
408.8
28
29
2.38
2.37
2.19
2.32
2.14
2.34
2.15
2.39
2.20
30
3.55
3.56
3.45
3.48
3.64
Addenda:
Private inventories..................................................
Durable goods industries....................................
Nondurable goods industries..............................
Nonfarm industries..................................................
Wholesale trade......................................................
Merchant wholesale trade...................................
Durable goods industries................................
Nondurable goods industries...........................
Nonmerchant wholesale trade............................
Ratios of private inventories to final sales of
domestic business:
Private inventories to final sales.................................
Nonfarm inventories to final sales...............................
Nonfarm inventories to final sales of goods and
structures................................................................
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
60.2
463.6
286.4
177.8
401.5
245.8
155.9
466.4
152.5
33.3
73.3
206.5
127.5
221.1
200.1
127.9
-1.3
2.20
1. Inventories are as of the end of the quarter. The quarter-to-quarter changes calculated from this table are at quarterly
rates, whereas the change in private inventories component of GDP is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross
output of general government, gross value added of nonprofit institutions, compensation paid to domestic workers, and
space rent for owner-occupied housing. It includes a small amount of final sales by term and by government enterprises.
N ote . Estimates in this table are based on the North American Industry Classification System (NAICS).
Chained (2000) dollar inventory series are calculated to ensure that the chained (2000) dollar change in inventories for
2000 equals the current-dollar change in inventories for 2000 and that the average of the 1999 and 2000 end-of-year
chain-weighted and fixed-weighted inventories are equal.
D-42
National Data
March 2009
6. Income and Employment by Industry
Table 6.1 D. National Income Without Capital Consumption Adjustment by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
National income without capital consumption adjustment.
12.362.4
12.528.4
12.347.7
12.379.0
12.433.7
Domestic industries...........................................................................
12,260.0
12,363.0
12,209.5
12.265.1
12,306.9
Private industries................................................................................
Agriculture, forestry, fishing, and hunting..........................................
Mining.............
Utilities............
Construction....
Manufacturing..
Durable goods
Nondurable goods.........................................................................
Wholesale trade................................................................................
Retail trade...............................................................
Transportation and warehousing...............................
Information...............................................................
Finance, insurance, real estate, rental, and leasing...
Professional and business services ' .......................
Educational services, health care, and social assistance..................
Arts, entertainment, recreation, accommodation, and food services..
Other services, except government..................................................
10.806.5
117.4
204.9
216.3
563.5
1.489.6
839.8
649.8
765.2
908.0
361.5
463.4
2.193.0
1,717.3
1.060.1
449.9
296.4
10.884.5
121.4
212.5
224.3
541.5
1.475.4
845.1
630.3
754.6
907.9
359.2
485.1
10,745.6
10.767.8
104.0
242.7
219.5
516.0
1,448.9
780.7
1.743.4
1,101.1
455.6
302.5
10.708.7
113.5
216.3
207.1
527.4
1.419.7
800.0
619.8
723.8
892.8
343.8
465.9
2.165.9
1.788.9
1.096.9
446.7
299.8
Government.........................................................................................
1.453.6
1.478.5
1.500.7
1,519.5
1,539.1
102.4
165.4
138.2
113.9
126.8
Rest of the world.
2,200.2
110.1
226.1
218.5
522.9
1.397.2
769.4
627.9
739.5
877.6
342.0
478.0
2.175.2
1,786.0
1,110.9
459.3
302.3
668.2
776.3
866.9
342.1
469.9
2.095.4
1,806.8
1.119.4
457.3
302.6
1. Consists of professional, scientific, and technical services; management of companies and enterprises; and administrative and waste management services.
Note . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
Table 6.16D. Corporate Profits by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2007
2008
2007
2008
Corporate profits with inventory valuation and capital consumption adjustments.
1.642.4
1,611.1
1.593.5
1,533.3
1.514.8
Domestic industries..............................................................................................................
Financial1..................................
...............................
Nonfinancial...............................
..........................................
1,297.8
429.7
1,189.7
370.3
819.5
Rest of the w orld..........................
Receipts from the rest of the world.....................................................................................
Less; Payments to the rest of the world...............................................................................
344.7
509.2
164.5
1.195.1
407.6
787.4
398.5
556.8
158.3
1,159.8
376.6
783.2
373.5
565.7
192.2
1.136.4
301.1
835.3
378.4
555.3
176.9
1.641.5
1.243.1
412.8
35.8
377.1
830.2
46.2
240.5
85.5
18.9
19.2
14.4
6.9
-19.9
46.1
155.0
34.8
48.8
60.2
1,596.0
1,222.5
383.2
31.0
352.2
839.3
56.7
214.9
54.2
15.1
14.8
1.602.8
1.224.4
308.8
34.4
274.3
915.6
59.1
272.6
68.4
14.7
12.3
4.0
5.6
- 20.2
52.0
204.2
40.8
92.0
70.8
Corporate profits with inventory valuation adjustment....
Domestic industries..............................................................................................................
Financial.............................................................................................................................
Federal Reserve banks...................................................................................................
Other financial2..............................................................................................................
Nonfinancial.......................................................................................................................
Utilities.
Manufacturing
Durable goods............................................................................................................
Fabricated metal products......................................................................................
Machinery............................................
Computer and electronic products........
Electrical equipment, appliances, and components................................................
Motor vehicles, bodies and trailers, and parts........................................................
Other durable goods 3 ............................................................................................
Nondurable goods....................................
Food and beverage and tobacco products..............................................................
Petroleum and coal products..................................................................................
Chemical products..................................................................................................
Other nondurable goods 4
Wholesale trade.....................
Retail trade.............................
Transportation and warehousing.....................................................................................
Information.....................................................................................................................
Other nonfinancial5...............
Rest of the w orld..................................................................................................................
868.1
1,835.1
1.490.5
449.9
37.7
412.2
1.040.6
58.5
316.6
127.4
21.7
22.3
13.5
10.9
-5.9
64.9
189.3
38.5
66.9
66.4
17.5
421.3
553.1
131.8
1,820.2
1,398.9
392.4
36.5
355.9
1,006.5
63.2
292.1
128.3
22.8
22.0
132.3
42.7
103.0
284.9
15.4
11.5
-7.7
64.3
163.8
38.7
33.6
73.8
17.8
80.2
124.5
37.7
117.9
290.9
344.7
421.3
102.6
6.6
24.4
106.0
252.0
5.9
-27.4
39.3
160.7
40.9
36.6
78.5
4.7
59.4
92.7
24.8
115.0
275.8
398.5
373.5
11.1
49.2
112.0
0.6
92.1
86.2
25.2
103.8
276.6
378.4
1. Consists of finance and insurance and bank and other holding companies.
2. Consists of credit intermediation and related activities; securities, commodity contracts, and other financial investments and related activities; insurance carriers and related activities; funds, trusts, and other finan
cial vehicles; and bank and other holding companies.
3. Consists of wood products; nonmetallic mineral products; primary metals; other transportation equipment; furniture and related products; and miscellaneous manufacturing.
4. Consists of textile mills and textile product mills; apparel; leather and allied products; paper products; printing and related support activities; and plastics and rubber products.
5. Consists of agriculture, forestry, fishing, and hunting; mining; construction; real estate and rental and leasing; professional, scientific, and technical services; administrative and waste management services; educa
tional services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services, except government.
N ote . Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
March 2009
Su r v ey
of
D-43
C u r r e n t B u sin ess
7. Supplemental Tables
Table 7.1. Selected Per Capita Product and Income Series in
Current and Chained Dollars
Table 7.2.1 B. Percent Change from Preceding Period in
Real Motor Vehicle Output
[Dollars]
[Percent]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
Current dollars:
Gross domestic product..........
Gross national product............
Personal income......................
Disposable personal income....
Personal consumption
expenditures........................
Durable goods.....................
Nondurable goods...............
Services..............................
Chained (2000) dollars:
Gross domestic product..........
Gross national product............
Disposable personal income....
Personal consumption
expenditures........................
Durable goods.....................
Nondurable goods...............
Services..............................
Population (midperiod, thousands)
1
?
3
4
b
6
7
8
9
10
11
2007
2008
46,841
2007
Line
2008
IV
I
46,626
47,081
39,409
34,351
II
III
IV
47,001
47,376
39,957
35,531
47,275
47,691
39,920
35,096
46,464
45,760
46,100
38,654
33,706
39,756
34,958
46,328
46,874
39,199
34,179
32,181
3,589
9,389
19,203
33,024
3,360
9,737
19,927
32,664
3,576
9,596
19,492
32,957
3,529
9,722
19,705
33,335
3,483
9,951
19,901
33,337
3,333
9,986
20,017
32,470
3,096
9,290
20,083
38,192
38,476
28,648
38,265
38,369
38,824
28,670
38,372
38,751
28,560
38,561
38,872
29,234
38,418
38,762
28,525
37,710
28,754
39,737
34,854
28,694
12 27,351 27,163 27,399 27,401 27,427 27,095 26,732
13
4,117
3,903
4,129
4,076
4,039
3,871
3,627
14
7,929
7,811
7,925
7,960
7,794
7,901
7,589
15 15,398 15,479 15,440 15,500 15,494 15,453 15,470
16 301,737 304,530 302,865 303,498 304,128 304,872 305,620
2007
2008
2007
IV
Motor vehicle output.....
Auto output..................
Truck output.................
Final sales of domestic product
Personal consumption
expenditures......................
New motor vehicles..............
Autos...............................
Light trucks (including
utility vehicles).............
Net purchases of used autos
and used light trucks........
Used autos......................
Used light trucks (including
utility vehicles).............
Private fixed investment........
New motor vehicles..............
Autos................................
Trucks..............................
Light trucks (including
utility vehicles).........
Other............................
Net purchases of used autos
and used light trucks........
Used autos......................
Used light trucks (including
utility vehicles).............
1
2
2008
I
II
III
IV
- 1.1
- 1.8
-0.7
-17.8
-7.1
-24.1
-25.7
-9.1
-34.3
-14.2
-3.9
- 20.2
-33.8
-7.0
-48.0
7.3
13.9
2.2
-63.5
-68.4
-59.0
0.0
-17.9
4.5
-18.8
-35.9
-15.5
-54.4
2.1
0.9
-3.8
-14.9
-19.3
-10.7
0.0
7
25.5
-11.9
-20.9
-10.4
-23.0
-25.3
23.4
-28.9
-35.0
-53.6
-41.7
-50.3
-58.3
8
4.7
-25.5
-6.3
-28.4
-53.0
-9.6
-42.0
9
4.6
- 1.2
- 10.8
- 11.2
8.1
10
-6.3
-9.2
-18.8
-19.3
-17.0
-23.8
-24.5
-35.9
3
4
b
6
11
12
6.1
9.3
10.2
-3.6
-10.4
7.2
-18.4
- 10.6
-13.4
13
14
15
-15.6
-6.7
2.4
- 11.1
-32.1
- 21.2
-14.3
-25.0
-8.6
-11.4
- 6.8
-14.0
-23.3
-17.0
-17.1
-17.0
-56.1
-36.3
-14.8
-46.7
-40.2
-23.3
-12.7
-29.8
-80.1
-63.3
-69.2
-58.8
16
17
-0.3
-36.7
-25.7
-23.1
-16.2
-3.8
-15.4
-23.5
-55.4
5.0
-30.5
-27.2
-69.2
-6.3
18
19
13.5
7.9
- 2.8
-0.9
-15.8
-21.5
-5.9
13.6
6.6
7.3
2.5
8.9
-33.6
-42.0
20
19.0
-4.4
- 10.6
-20.3
6.0
-3.1
-24.8
Gross government
investment..........................
Autos....................................
Trucks.................................
21
22
2.3
0.5
23
2.8
-1.7
-5.1
-0.7
-15.0
91.5
-31.5
-17.8
-31.0
-13.5
-25.4
-41.5
- 20.2
16.6
44.3
9.8
-29.6
- 0.6
-36.6
Net exports............................
Exports................................
Autos...............................
Trucks..............................
Imports.................................
Autos...............................
Trucks..............................
?4
25
26
27
28
29
30
22.7
32.0
14.0
- 2.6
- 1.6
-3.6
7.3
17.6
-3.9
22.6
31.9
12.7
- 11.1
-16.4
-5.5
-10.9
6.4
-28.3
- 2.8
7.4
- 12.1
4.7
10.7
-2.7
-7.8
-3.5
- 12.1
52.4
55.1
48.8
-33.8
5.0
-61.8
-62.6
-62.8
-62.4
-52.6
-34.4
-70.6
Change in private inventories....
Autos.......................................
New.....................................
Domestic..........................
Foreign.............................
Used....................................
Trucks......................................
New......................................
Domestic..........................
Foreign.............................
Used 1..................................
31
3?
33
34
35
UK
37
38
39
40
41
Addenda:
Final sales of motor vehicles to
domestic purchasers............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported new autos 3
42
-3.0
-18.8
- 2.8
-15.0
-32.3
-30.0
-52.0
43
44
45
0.8
- 21.0
- 2.8
- 10.8
-12.4
4.3
-1.3
-16.1
- 0.8
- 20.2
-40.8
-23.7
42.5
- 22.6
53.3
-42.7
-69.2
-63.2
-59.0
-3.3
3.2
- 11.1
0.0
- 21.6
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
D-44
March 2009
National Data
Table 7.2.3B. Real Motor Vehicle Output, Quantity Indexes
Table 7.2.4B. Price Indexes for Motor Vehicle Output
[Index numbers, 2000=100]
[Index numbers, 2000=100]
Seasonally adjusted
Line
2007
2008
2007
IV
Motor vehicle output......
Auto output...................
Truck output..................
1 113.904
2 100.871
Final sales of domestic product
4 119.594
Personal consumption
expenditures.......................
New motor vehicles..............
Autos...............................
Light trucks (including
utility vehicles)..............
Net purchases of used autos
and used light trucks........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Private fixed investment........
New motor vehicles..............
Autos................................
Trucks...............................
Light trucks (including
utility vehicles)..........
Other............................
Net purchases of used autos
and used light trucks........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Gross government investment
Autos....................................
Trucks...................................
Exports................................
Autos................................
Trucks...............................
Imports................................
Autos................................
Trucks...............................
Change in private inventories....
3
123.268
Seasonally adjusted
2008
i
II
Line
III
106.030
99.746
110.483
95.654
97.957
93.809
97.343
101.190
94.325
75.651
75.845
75.467
Motor vehicle output......
Auto output...................
Truck output..................
1
2
98.221
113.613
101.676
97.481
80.115
Final sales of domestic product
111.109
110.459
99.882
104.072
102.699
105.272
95.563
92.224
86.899
83.506
77.430
69.823
8 134.736 100.327 130.655 120.174
99.477
97.008
84.647
106.417
87.913
101.564
82.140
94.679
73.497
5 115.840
6 118.554
7 101.340
9
10
110.623
92.577
98.563 114.675
95.703 117.140
90.469 102.650
103.691
84.074
109.937
90.717
112.107
92.747
11 132.777 127.949 133.561 135.897 129.162 125.594 121.143
12 100.189 68.062 96.734 90.513 73.668 64.795 43.272
13 106.460
14 96.977
15 112.570
83.879
83.076
84.379
104.012
97.240
108.369
99.266
92.789
103.433
88.679
89.136
88.362
82.994
86.170
80.894
64.578
64.208
64.825
16 127.170
17 77.587
94.450
59.651
126.311
65.964
121.135
61.695
98.968
62.455
90.360
57.695
67.337
56.761
18 115.249
19 101.215
112.062
100.271
114.881
97.983
113.153
101.164
114.972
102.955
115.682
105.170
104.440
91.795
20 131.278 125.512 134.225 126.830 128.680 127.667 118.871
21 128.541 126.316 140.382 133.665 124.238 129.097 118.262
22 111.978 106.222 122.991 112.084 98.039 107.459 107.308
23
134.864
133.863
147.035
141.795
134.017
137.199
122.440
?4
25 213.573 229.180 235.045 228.382 231.004 256.654 200.681
26 244.559 287.662 278.792 283.120 290.385 324.062 253.079
27 187.144 179.758 197.894 182.075 180.825 199.716 156.416
28 115.740 102.945 115.292 114.477 112.172 101.167 83.964
29 105.268 105.282 106.143 108.056 107.101 108.403 97.567
68.441
92.935
30 128.049 100.420 126.080 122.092 118.212
Personal consumption
expenditures.......................
New motor vehicles..............
Autos.................................
Light trucks (including
utility vehicles)..............
Net purchases of used autos
and used light trucks.........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Private fixed investment.........
New motor vehicles..............
Autos.................................
Trucks...............................
Light trucks (including
utility vehicles)..........
Other.............................
Net purchases of used autos
and used light trucks.........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Gross government investment
Autos....................................
Trucks..................................
Exports................................
Autos.................................
Trucks..............................
Imports
Autos
Trucks...............................
Addenda:
Final sales of motor vehicles to
domestic purchasers............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported new autos 3
2008
I
II
3
96.738
98.795
95.425
94.264
97.826
91.816
96.322
98.079
95.185
95.413
97.100
94.318
94.710
97.528
92.839
4
96.659
94.304
96.268
95.406
7
95.863
94.607
97.214
94.229
93.197
96.894
95.957
94.475
97.061
8
92.723
90.340
92.604
9
98.447
100.575
96.472
100.545
b
6
10
III
IV
94.312
99.248
90.854
92.620
97.429
89.250
94.770
94.321
92.719
95.456
94.021
96.668
94.905
93.634
96.803
94.454
93.295
97.668
92.100
91.839
96.435
92.103
91.257
89.818
88.181
97.550 96.895
101.429 102.668
93.036
97.015
99.003 98.408
101.109 101.066
11 96.282 92.720 96.855 95.812 93.959 91.793 89.319
12 107.595 106.623 106.983 106.086 105.746 106.184 108.474
97.801
97.214
98.205
96.767
96.891
96.685
97.751
97.061
98.210
97.452
96.667
97.967
16 92.726
17 116.038
90.365
118.647
92.605
116.693
92.103
117.870
84.879
85.441
86.054
87.056
86.526
87.321
13
14
15
18
19
85.319
86.343
97.096
96.800
97.307
96.823
97.659
96.268
95.695
96.439
95.200
91.258 89.887
118.175 118.653
119.891
86.160
86.716
85.228
85.553
88.211
81.603
82.173
20 84.324 84.297 85.079 85.730 85.581 84.860 81.017
21 107.837 108.859 107.959 108.444 109.020 109.165 108.807
22 103.554 105.276 103.091 103.354 106.225 107.142 104.381
109.162
109.990
109.439
109.993
109.907
109.828
?4
25 108.926
26 106.099
27 111.676
28 106.226
29 104.763
30 107.765
110.098
106.780
113.433
108.351
106.875
110.038
109.345
106.398
112.179
107.253
105.978
108.596
109.530
106.493
112.478
107.879
106.905
108.914
109.864
106.598
113.128
108.198
107.039
109.431
110.158 110.840
106.661 107.370
113.745 114.380
108.700 108.625
107.211 106.344
110.335 111.471
23
110.231
V
11
11
14
15
16
17
18
19
40
41
14
15
16
17
18
19
40
41
42
112.677
91.524
111.247
106.813
96.893
88.624
73.768
43
44
45
112.884
90.459
124.797
89.207
87.932
111.372
112.564
93.127
123.901
107.726
92.936
117.123
94.476
86.855
127.964
88.602
96.644
111.330
66.023
75.294
89.070
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
2007
11
11
V
Foreign
2008
IV
93.669 110.163
93.684 100.751
93.521 116.888
119.686
2007
IV
Addenda:
Final sales of motor vehicles to
domestic purchasers............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported new autos 3
42
98.471
96.993
98.398
97.845
97.379
97.121
95.627
43
44
45
94.612
98.814
97.215
93.149
98.833
96.896
94.478
98.831
97.063
94.020
98.497
96.669
93.590
98.604
96.805
93.226
99.222
97.669
91.763
99.008
96.442
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
March 2009
Su r v e y
of
D-45
C u r r e n t B usin ess
Table 7.2.5B. Motor Vehicle Output
Table 7.2.6B. Real Motor Vehicle Output, Chained Dollars
[Billions of dollars]
[Billions of chained (2000) dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Line
2007
2008
2007
IV
1
2
Motor vehicle output......
Auto output...................
Truck output..................
3
4
Final sales of domestic product
Personal consumption
expenditures.......................
New motor vehicles..............
Autos................................
Light trucks (including
utility vehicles)..............
Net purchases of used autos
and used light trucks........
Used autos.......................
Used light trucks (including
utility vehicles)..............
Private fixed investment........
New motor vehicles..............
Autos...............................
Trucks...............................
Light trucks (including
utility vehicles)..........
Other...........................
Net purchases of used autos
and used light trucks........
Used autos.......................
Used light trucks (including
utility vehicles)..............
b
Line
2008
I
II
III
IV
322.0
138.6
183.4
387.1
149.3
237.8
368.5
146.4
222.1
330.4
144.5
185.9
333.5
151.8
181.7
255.7
111.7
144.0
Motor vehicle output......
Auto output...................
Truck output..................
409.7
328.7
408.4
384.2
341.5
325.9
263.3
Final sales of domestic product
6
361.5
240.3
302.7
191.3
90.8
358.2
237.1
103.2
345.2
222.5
102.0
100.0
321.5
206.0
105.6
293.8
184.3
87.9
250.3
152.3
69.7
8
138.3
100.5
133.9
122.5
100.5
96.4
82.6
9
121.2
56.5
111.4
51.3
121.1
10
122.7
56.9
115.5
54.1
109.5
51.1
98.0
43.2
11
12
55.6
1.3
42
506.1
405.4
499.3
476.7
430.4
392.6
321.8
43
44
45
173.5
98.8
101.7
135.2
96.1
90.5
172.8
164.5
101.8
101.2
100.9
95.0
143.6
94.8
103.9
134.2
106.0
91.2
98.4
82.4
72.0
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
107.4
93.7
9
123.1
56.1
115.4
51.0
122.3
55.0
124.7
56.3
118.4
53.3
113.0
49.8
105.3
44.6
10
-41.9
14.6
3.7
23
12.1
12.0
12.0
16.0
3.7
12.3
Net exports..............................
Exports................................
Autos................................
Trucks ..............................
Imports.................................
Autos................................
Trucks..............................
24
25
26
27
28
29
30
-92.2
55.8
29.9
26.0
148.0
73.1
74.8
-71.7
59.9
35.2
25.0
131.6
73.1
58.7
-86.0
61.4
34.1
27.5
147.4
73.7
73.7
-86.7
59.7
34.6
25.3
146.3
75.0
71.3
-83.1
60.4
35.5
25.1
143.4
74.3
69.1
-62.3
67.1
39.6
27.7
129.3
75.2
54.3
-54.9
52.4
31.0
21.7
107.3
67.7
40.0
Change in private inventories....
Autos........................................
New....
Domestic...........................
Foreign
Used....................................
Trucks.....
New....
Domestic...........................
Foreign..............................
Used 1..................................
Residual.......................................
31
32
33
34
35
36
37
38
39
40
41
42
-7.5
-4.5
-3.2
-2.4
- 0.8
- 1.2
-3.1
-2.7
- 2.0
-0.7
-0.3
-6.6
-15.3
-4.6
- 2.1
-5.2
0.8
1.2
-10.9
-7.7
-4.1
-3.5
- 0.6
-3.7
-3.4
-2.7
-4.3
1.7
- 0.6
3.6
8.1
19.5
18.4
14.7
3.8
- 0.2
-9.7
-0.5
4.0
-21.3
- 10.6
-7.7
-6.5
-1.3
-2.7
- 10.6
- 10.2
-6.9
-3.3
0.4
0.3
1.5
6.7
-8.1
17.4
17.0
15.3
1.7
- 1.0
-23.0
-20.7
- 12.2
- 8.6
-0.7
4.0
43
514.0
417.5
507.4
487.2
442.0
404.3
336.5
44
45
46
183.4
144.9
97.2
93.4
182.9
102.9
103.9
175.0
102.7
98.2
153.5
96.0
107.3
143.9
106.8
93.4
107.3
83.2
74.7
Gross government investment
Autos....................................
Trucks..................................
8.6
110.1
-45.0
-33.9
1.8
- 0.6
133.0
15.4
3.3
-38.2
2.2
- 2.1
144.6
-45.4
-38.8
- 11.1
-12.4
- 21.1
111.0
16.6
3.8
12.7
-38.3
-1.7
- 12.6
- 12.1
-12.9
0.9
-0.5
149.1
-44.7
-40.2
2.1
8
17.4
4.2
13.2
-37.3
-7.6
16.5
17.4
15.5
1.9
-0.9
-24.0
-23.5
-14.3
-9.2
- 0.6
271.8
165.9
72.3
-47.3
-39.0
7.6
18.8
19.0
14.9
4.0
- 0.2
311.1
197.6
90.0
15.6
3.6
20
-11.2
-7.3
-4.1
-3.4
- 0.6
-3.3
-3.8
-3.3
-5.1
109.0
-44.2
-64.0
-30.1
-15.7
-4.4
- 2.1
-5.1
3.0
-2.4
-11.3
-9.1
-11.3
338.7
15.9
3.8
-74.0
-35.9
-21.2
- 10.1
-7.7
-6.3
-1.4
-2.4
- 11.1
-11.5
-7.9
-3.5
0.3
361.7
236.7
103.5
-46.3
-74.4
-35.6
-6.7
5.9
7.5
5.5
373.3
251.0
106.3
-78.4
-36.6
-73.5
-35.2
-7.5
-4.2
-3.2
-2.3
- 0.8
- 1.1
-3.3
-3.0
-2.3
- 0.8
-0.3
320.8
205.0
93.7
6
-86.9
-41.9
-74.2
-34.0
31
32
33
34
35
36
37
38
39
40
41
377.1
254.0
105.0
220.0
7
5
-86.4
-41.0
-71.5
-34.2
Change in private inventories....
Autos.......................................
New.....................................
Domestic.........................
Foreign............................
Used....................................
Trucks......................................
New.....................................
Domestic.........................
Foreign............................
Used 1.................................
284.0
-85.0
-40.3
-73.9
-34.8
-58.5
58.1
33.2
24.9
116.6
72.0
44.6
345.5
-86.3
-39.1
18
19
-66.7
73.8
42.3
31.6
140.6
80.7
59.9
360.4
-84.2
-40.0
51.1
21.1
-88.9
66.3
37.9
28.4
155.2
79.6
75.6
402.7
58.0
17.5
69.9
21.2
-92.5
65.3
36.9
28.4
157.9
80.2
77.7
424.2
77.8
17.8
77.7
22.9
-90.9
67.1
36.3
30.8
158.1
78.1
80.0
348.1
85.2
19.3
96.0
22.5
-76.7
65.9
37.6
28.3
142.6
78.1
64.4
423.9
104.3
19.1
100.7
23.8
-96.4
60.8
31.7
29.0
157.2
76.6
80.6
276.1
114.6
161.4
108.7
20.4
73.7
21.9
24
25
26
27
28
29
30
355.3
152.9
201.7
103.4
101.5
27.8
Net exports..............................
Exports................................
Autos...............................
Trucks..............................
Imports................................
Autos...............................
Trucks..............................
200.6
121.0
16
17
12.1
387.0
150.7
236.3
61.3
51.2
124.9
49.0
75.8
100.6
23
402.1
152.2
250.0
349.1
148.0
200.0
63.5
Private fixed investment.........
New motor vehicles...............
Autos................................
Trucks...............................
Light trucks (including
utility vehicles)..........
Other............................
Net purchases of used autos
and used light trucks.........
Used autos.......................
Used light trucks (including
utility vehicles)..............
15.9
3.8
341.9
141.5
76.6
160.5
65.8
94.6
54.7
55.5
119.5
47.3
72.2
17.4
3.9
13.5
415.7
152.4
263.6
3
4
65.4
58.3
81.4
155.4
64.3
91.1
16.8
3.6
13.2
IV
87.1
171.5
61.4
92.1
166.5
65.9
17.9
4.0
14.0
III
68.8
65.9
113.6
187.1
68.5
118.6
18.8
4.3
14.4
II
107.0
192.0
70.9
65.4
122.4
196.6
72.1
124.5
17.0
3.8
13.2
1
2
2008
I
67.6
60.1
85.6
157.1
61.5
95.6
17.2
4.0
13.2
2007
114.4
64.7
127.5
201.3
72.0
129.3
21
22
Addenda:
Final sales of motor vehicles to
domestic purchasers............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported new autos 3
Personal consumption
expenditures.......................
New motor vehicles...............
Autos.................................
Light trucks (including
utility vehicles)..............
Net purchases of used autos
and used light trucks.........
Used autos.......................
Used light trucks (including
utility vehicles)..............
13
14
15
Gross government
investment...........................
Autos...................................
Trucks..................................
2008
IV
402.2
150.6
251.6
7
2007
Addenda:
Final sales of motor vehicles to
domestic purchasers.............
Private fixed investment in new
autos and new light trucks....
Domestic output of new autos 2
Sales of imported new autos 3
11
12
67.2
64.7
13
14
15
118.5
205.9
74.1
131.7
80.5
162.2
63.5
98.7
16
17
109.5
24.0
81.3
18.4
18
19
- 86.6
-40.3
20
21
22
100.0
104.7
6.1
7.3
5.3
1.9
-1.9
- 11.6
-10.3
- 11.1
0.8
201.1
74.3
126.8
2.8
-2.7
-10.3
-7.8
-9.8
2.1
-2.4
68.1
- 10.2
-18.2
8.0
11.0
1. Consists of used light trucks only.
2. Consists of final sales and change in private inventories of new autos assembled in the United States.
3. Consists of personal consumption expenditures, private fixed investment, and gross government investment.
N ote . Chained (2000) dollar series are calculated as the product of the chain-type quantity index and the 2000 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is
the difference between the first line and the sum of the most detailed lines, excluding the lines in the addenda.
D-46
March 2009
B. NIPA-Related Table
Table B.l presents the most recent estimates of personal income and its disposition. These estimates
were released on March 2, 2009.
Table B.1 Personal Income and Its Disposition
[Billions of dollars; monthly estimates seasonally adjusted at annual rates]
2007
2007
Dec.
Personal Income..................................................................
Compensation of employees, received..................................
Wage and salary disbursements...........................................
Private industries...............................................................
Goods-producing industries..............................................
Manufacturing...............................................................
Service-producing industries.............................................
Trade, transportation, and utilities..................................
Other services-producing industries..............................
Government......................................................................
Supplements to wages and salaries.....................................
Employer contributions for employee pension and
insurance funds.............................................................
Employer contributions for government social insurance....
Proprietors' income with IVA and CCAdj................................
Farm..................................................................................
Nonfarm............................................................................
2008
2009
2008
Jan.
Feb.
March
April
May
June
Julyr
Aug.'
Sept.'
Oct.'
Nov.'
Dec.'
Jan.p
11,663.2 12,106.9 11,924.0 11,930.0 11,952.4 11,999.0 12,003.1 12,219.8 12,233.6 12,139.9 12,179.8 12,191.4 12,185.7 12,135.7 12,111.7 12,156.5
7,818.6 8,055.8 7,973.9 7,984.6 8,005.2 8,039.4 8,018.1 8,033.1 8,049.3 8,072.3 8,104.2 8,102.3 8,106.8 8,089.9 8,064.1 8,061.5
6,362.0 6,550.8 6,493.1 6,495.4 6,513.0 6,545.7 6,519.1 6,530.9 6,543.8 6,563.5 6,592.2 6,589.8 6,592.0 6,575.0 6,549.4 6,536.5
5,286.7 5,421.3 5,398.0 5,389.7 5,402.9 5,432.2 5,401.1 5,407.3 5,415.4 5,429.2 5,453.6 5,447.7 5,447.3 5,428.1 5,401.1 5,375.3
1,205.4 1,209.2 1,220.2 1,216.0 1,215.9 1,221.2 1,211.3 1,212.4 1,214.6 1,213.0 1,214.0 1,208.0 1,205.4 1,197.0 1,181.7 1,168.7
746.0
741.5
751.0
747.9
747.2
750.0
744.5
745.6
745.3
744.9
742.6
738.9
731.7
722.5
713.4
737.5
4,081.3 4,212.1 4,177.7 4,173.6 4,187.0 4,211.0 4,189.8 4,194.9 4,200.9 4,216.2 4,239.6 4,239.7 4,241.9 4,231.1 4,219.4 4,206.6
1,035.2 1,046.7 1,054.9 1,049.8 1,047.4 1,053.9 1,047.9 1,047.1 1,050.3 1,049.2 1,052.6 1,049.2 1,043.9 1,038.6 1,030.2 1,033.6
3,046.1 3,165.4 3,122.8 3,123.8 3,139.6 3,157.1 3,141.9 3,147.8 3,150.6 3,167.0 3,186.9 3,190.4 3,197.9 3,192.6 3,189.3 3,173.0
1,075.2 1,129.5 1,095.1 1,105.7 1,110.1 1,113.4 1,118.1 1,123.6 1,128.4 1,134.3 1,138.6 1,142.1 1,144.7 1,146.9 1,148.3 1,161.2
1,456.6 1,505.0 1,480.8 1,489.3 1,492.3 1,493.7 1,498.9 1,502.1 1,505.5 1,508.8 1,511.9 1,512.5 1,514.8 1,514.9 1,514.7 1,524.9
991.9
464.7
1,026.9
478.1
1,009.9
470.9
1,014.0
475.2
1,016.2
476.1
1,015.7
478.0
1,021.5
477.4
1,024.4
477.7
1,027.4
478.2
1,029.8
479.1
1,031.3
480.6
1,032.6
479.9
1,035.0
479.9
1,036.7
478.2
1,038.4
476.4
1,045.4
479.5
1,056.2
44.0
1,012.2
1,072.7
34.5
1,038.1
63.8
1,074.3
47.3
1,027.0
1,074.5
41.7
1,032.8
1,069.1
42.1
1,027.0
1,071.4
41.0
1,030.4
1,071.2
39.4
1,031.9
1,076.1
38.4
1,037.7
1,083.5
36.1
1,047.4
1,090.0
35.0
1,055.0
1,079.8
32.5
1,047.3
1,071.8
29.6
1,042.2
1,075.4
27.0
1,048.4
1,058.0
26.1
1,031.9
1,051.0
25.6
1,025.5
1,044.1
25.8
1,018.4
37.2
38.1
38.8
40.5
49.1
58.3
68.3
72.8
77.3
55.5
86.0
88.7
92.7
92.3
2,059.4
1,239.4
820.0
2,056.4
1,232.0
824.4
2,054.2
1,224.6
829.6
2,051.7
1,217.2
834.5
2,051.8
1,213.0
838.8
2,052.3
1,208.7
843.6
2,052.8
1,204.5
848.3
2,054.1
1,210.9
843.2
2,055.6
1,217.4
838.2
2,057.3
1,223.8
833.4
2,028.5
1,199.2
829.4
1,999.7
1,174.5
825.2
1,970.7
1,149.9
820.8
1,964.0
1,142.4
821.6
1,757.3
1,724.2
1,766.3
1,734.2
1,776.6
1,744.3
1,791.3
1,758.9
1,807.5
1,775.1
1,995.3
1,962.9
1,976.0
1,943.5
1,849.0
1,816.5
1,864.3
1,831.7
1,904.8
1,845.3
1,888.9
1,856.2
1,896.4
1,863.6
1,926.3
1,893.5
1,992.9
1,960.2
Rental income of persons with CCAdj....................................
40.0
Personal income receipts on assets.......................................
Personal interest income...................................................
Personal dividend income.................................................
2 ,000.1
Personal current transfer receipts.........................................
Government social benefits to persons..............................
Old-age, survivors, disability, and health insurance
benefits.....................................................................
Government unemployment insurance benefits.............
Other.............................................................................
Other current transfer receipts, from business (net)...........
Less:Contributions for government social insurance..............
1,713.3
1,681.4
2,040.4
1,206.3
834.1
1,870.2
1,835.5
999.4
32.3
649.6
31.9
965.1
1,058.3
52.7
724.5
34.7
996.1
1,019.3
36.9
667.9
33.2
978.1
1,024.1
37.0
673.1
32.1
989.8
1,030.6
38.2
675.5
32.3
991.5
1,042.5
39.3
677.1
32.4
995.3
1,041.0
40.6
693.5
32.4
994.5
1,051.8
41.5
869.6
32.4
995.4
1,057.0
42.0
844.5
32.4
996.3
1,067.4
47.6
701.5
32.5
998.2
1,067.5
62.4
701.9
32.6
1,001.4
1,072.0
67.5
705.8
59.5
1,000.3
1,074.5
64.6
717.2
32.7
1,000.0
1,082.8
64.2
716.6
32.8
997.0
1,088.3
87.2
718.1
32.8
993.2
1,125.0
100.4
734.9
32.7
998.3
1,492.8
1,461.1
1,525.7
1,530.6
1,534.1
1,540.2
1,527.5
1,147.9
1,363.0
1,372.0
1,522.3
1,517.7
1,506.1
1,488.7
1,482.5
1,344.2
Less: Personal current taxes.............................................
1,214.3
785.8
Equals: Disposable personal income................................
10,170.5 10,645.8 10,398.3 10,399.4 10,418.3 10,458.8 10,475.6 11,071.9 10,870.6 10,767.9 10,657.5 10,673.7 10,679.6 10,647.1 10,629.3 10,812.3
Less: Personal outlays.......................................................
10,113.1 10,452.9 10,355.4 10,393.1 10,385.2 10,436.3 10,474.2 10,544.3 10,595.9 10,585.0 10,567.4 10,527.3 10,397.9 10,315.9 10,212.4 10,266.9
9,710.2 10,056.8 9,941.4 9,984.6 9,982.7 10,039.7 10,073.5 10,144.2 10,196.4 10,187.1 10,170.9 10,132.4 10,010.3 9,930.7 9,829.5 9,885.9
1,082.8 1,023.2 1,074.0 1,072.5 1,075.4 1,065.3 1,063.2 1,065.5 1,049.1 1,016.6 1,033.7
998.4
945.5
950.7
942.6
943.5
2,833.0 2,965.2 2,933.8 2,946.9 2,935.1 2,970.2 2,990.4 3,025.4 3,063.0 3,068.4 3,042.4 3,022.9 2,934.4 2,843.7 2,739.9 2,776.5
6,068.4
5,794.4
5,933.7 5,965.3 5,972.2 6,004.2 6,019.9 6,053.3 6,084.2 6 ,102.0 6,094.8 6 ,111.2 6,130.4 6,136.3 6,147.0 6,166.0
251.4
265.4
274.0
267.9
261.7
254.7
252.9
255.6
253.8
250.9
248.9
246.9
244.0
238.1
241.0
235.5
144.7
139.9
146.7
137.5
140.6
140.8
141.0
146.1
146.4
147.1
147.5
148.0
144.8
145.4
143.6
144.2
84.4
81.2
82.6
82.7
82.9
83.4
84.4
83.1
83.7
84.0
84.8
85.3
85.8
86.9
86.3
87.6
56.3
60.3
57.3
57.9
57.9
57.9
62.7
62.7
62.7
62.7
62.7
62.7
57.9
57.9
57.9
57.9
Personal consumption expenditures.....................................
Durable goods...................................................................
Nondurable goods.............................................................
Services............................................................................
Personal interest payments'.................................................
Personal current transfer payments.......................................
To government...................................................................
To the rest of the world (net).............................................
Equals: Personal saving.....................................................
Personal saving as percentage of disposable personal
income..............................................................................
57.4
192.9
42.9
6.3
33.0
22.5
1.4
527.5
274.7
182.9
90.1
146.4
281.7
331.2
416.8
545.5
0.6
1.8
0.4
0.1
0.3
0.2
0.0
4.8
2.5
1.7
0.8
1.4
2.6
3.1
3.9
5.0
8,673.8
8,667.3
9,119.1
Addenda:
Disposable personal income:
Billions of chained (2000) dollars 2....................................
Per capita:
Current dollars...................................................................
Chained (2000 dollars)......................................................
Population (midperiod, thousands)3......................................
8,644.0
8,756.4
8,689.0
8,662.8
8,666.9
8,885.5
8,753.6
8,664.8
8,670.7
8,713.5
8,782.7
8,813.6
8,947.5
33,706
28,648
301,737
34,958
28,754
304,530
34,307
34,287
28,668
28,562
303,094 303,302
34,328
28,557
303,496
34,438
34,470 36,406 35,716
28,561
28,520 29,985 29,194
303,698 303,904 304,121 304,360
35,350
28,737
304,608
34,957
28,421
304,870
34,980
28,416
305,138
34,970
28,532
305,390
34,837
28,737
305,624
34,753
28,817
305,848
35,328
29,235
306,057
Personal consumption expenditures:
Billions of chained (2000) dollars......................................
Durable goods...................................................................
Nondurable goods.............................................................
Services............................................................................
Implicit price deflator, 2000= 100.........................................
8,252.8
1,242.4
2,392.6
4,646.2
117.660
8,272.0
1,188.5
2,378.6
4,714.0
121.580
8,307.2
1,243.0
2,400.4
4,689.6
119.672
8,317.3
1,239.7
2,395.4
4,706.2
120.047
8,304.6
1,241.8
2,388.3
4,699.6
120.207
8,326.2
1,229.5
2,410.1
4,707.3
120.579
8,334.6 8,355.1 8,334.4
1,230.8 1,237.1 1,217.0
2,419.0 2,427.3 2,415.9
4,705.7 4,712.8 4,717.9
120.864 121.414 122.341
8,281.4
1,178.5
2,392.0
4,716.6
123.011
8,269.3
1,200.4
2,378.5
4,703.9
122.997
8,231.0
1,161.4
2,358.3
4,713.4
123.100
8,167.4
1,102.1
2,325.9
4,724.1
122.565
8,191.8
1,114.1
2,338.0
4,727.5
121.228
8,150.5
1,109.5
2,294.3
4,732.6
120.601
8,180.9
1,111.8
2,310.4
4,744.5
120.842
6.1
3.8
0.4
0.1
0.2
0.4
5.5
0.5
0.0
2.8
4.7
1.3
0.2
-0.3
0.2
0.0
5.5
3.6
0.2
0.4
2.8
0.2
- 0.1
0.1
Percent change from preceding period:
Personal income, current dollars......................................
Disposable personal income:
Current dollars..............................................................
Chained (2000) dollars..................................................
Personal consumption expenditures:
Current dollars..............................................................
Chained (2000) dollars..................................................
0.0
1.8
0.1
-0.8
0.3
0.1
0.0
-0.4
-0.2
0.4
0.4
0.2
- 1.8
- 2.6
-0.9
-1.5
- 1.0
- 1.0
0.2
0.1
-0.3
- 0.1
5.7
5.2
0.1
0.1
0.5
0.8
- 0.2
0.4
1.7
1.5
0.0
0.6
0.3
0.7
0.3
0.1
0.2
0.5
- 0.2
- 0.1
- 0.6
- 0.2
- 0.1
-0.4
-0.5
- 1.2
- 0.8
- 0.8
0.3
- 1.0
-0.5
0.6
- 0.2
p Preliminary
3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized
r Revised
population. The monthly estimate is the average of estimates for the first of the month and the first of the following month;
CCAdj Capital consumption adjustment.
the annual estimate is the average of the monthly estimates.
IVA Inventory valuation adjustment.
1. Consists of nonmortgage interest paid by households.
2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures.
0.4
March 2009
D-47
C. Historical Measures
This table is derived from the “Selected NIPA Tables” that are published in this issue and from the “GDP and Other
Major NIPA Series” tables that were published in the August 2008 issue. (The changes in prices are calculated from
indexes expressed to three decimal places.)
Table C.1. GDP and Other Major NIPA Aggregates—Continues
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (2000) dollars
Year and quarter
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Percent change from
preceding period
Gross
domestic
product
Chain-type price indexes
[2000= 100]
Final sales of
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Implicit price deflators
[2000= 100]
Gross
domestic
product
Gross
national
product
Percent change from preceding period
Chain-type price index
Implicit price deflators
Gross
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
national
product
1959
....................
2,441.3
2,442.7
2,457.4
7.1
6.2
20.754
20.365
20.751
20.727
1.2
1.2
1.2
1.2
1960
1961
1962
1963
1964
....................
....................
....................
....................
....................
2,501.8
2,560.0
2,715.2
2,834.0
2,998.6
2,506.8
2,566.8
2,708.5
2,830.3
2,999.9
2,519.4
2,579.3
2,736.9
2,857.2
3,023.6
2.5
2.3
2.6
21.044
21.281
21.572
21.801
22.134
20.646
20.865
21.139
21.385
21.725
21.041
21.278
21.569
21.798
22.131
21.018
21.255
21.547
21.777
1.4
1.4
1.4
1.4
1.1
1.1
1.1
1.1
22.111
1.5
1965
1966
1967
1968
1969
....................
....................
....................
....................
....................
3,191.1
3,399.1
3,484.6
3,652.7
3,765.4
3,173.8
3,364.8
3,467.6
3,640.3
3,753.7
3,217.3
3,423.7
3,510.1
3,680.0
3,792.0
6.4
6.5
2.5
4.8
3.1
22.538
23.180
23.897
24.916
26.153
22.102
22.724
23.389
24.380
25.580
22.535
23.176
23.893
24.913
26.149
22.516
23.158
23.874
24.893
26.127
1.8
2.8
3.1
4.3
5.0
1970
1971
1972
1973
1974
....................
....................
....................
....................
....................
3,771.9
3,898.6
4,105.0
4,341.5
4,319.6
3,787.7
3,893.4
4,098.6
4,315.9
4,305.5
3,798.2
3,927.8
4,136.2
4,383.6
4,367.5
0.2
0.9
3.4
5.3
5.8
-0.5
5.3
5.3
27.538
28.916
30.171
31.854
34.721
26.964
28.351
29.619
31.343
34.546
27.534
28.911
30.166
31.849
34.725
27.512
28.889
30.145
31.830
34.699
5.3
5.0
4.3
5.6
9.0
5.4
5.1
4.5
5.8
1975
1976
1977
1978
1979
....................
....................
....................
....................
....................
4,311.2
4,540.9
4,750.5
5,015.0
5,173.4
4,352.5
4,522.3
4,721.6
4,981.6
5,161.2
4,348.4
4,585.3
4,800.3
5,064.4
5,240.1
- 0.2
5.3
4.6
5.6
3.2
38.007
40.202
42.758
45.762
49.553
37.761
39.938
42.634
45.663
49.669
38.002
40.196
42.752
45.757
49.548
37.976
40.175
42.731
45.737
49.527
9.5
5.8
6.4
7.0
8.3
9.3
5.8
1980
1981
1982
1983
1984
....................
....................
....................
....................
....................
5,161.7
5,291.7
5,189.3
5,423.8
5,813.6
5,196.7
5,265.1
5,233.4
5,454.0
5,739.2
5,227.6
5,349.7
5,249.7
5,482.5
5,869.3
- 0.2
2.5
-1.9
4.5
7.2
54.876
59.896
63.296
65.515
67.822
54.043
59.119
62.726
65.207
67.655
54.015
59.095
62.699
65.184
67.631
9.1
9.4
- 0.6
4.2
5.2
54.062
59.128
62.738
65.214
67.664
10.5
9.1
5.7
3.5
3.5
1985
1986
1987
1988
1989
....................
....................
....................
....................
....................
6,053.7
6,263.6
6,475.1
6,742.7
6,981.4
6,042.1
6,271.8
6,457.2
6,734.5
6,962.2
6,093.4
6,290.6
6,500.9
6,775.2
7,015.4
4.1
3.5
3.4
4.1
3.5
5.3
3.8
3.0
4.3
3.4
69.724
71.269
73.204
75.706
78.569
69.760
71.338
73.527
76.043
78.934
69.713
71.250
73.196
75.694
78.556
69.695
71.227
73.181
75.679
78.549
1990
1991
1992
1993
1994
....................
....................
....................
....................
....................
7,112.5
7,100.5
7,336.6
7,532.7
7,835.5
7,108.5
7,115.0
7,331.1
7,522.3
7,777.8
7,155.2
7,136.8
7,371.8
7,568.6
7,864.2
1.9
- 0.2
3.3
2.7
4.0
2.1
0.1
82.144
84.836
86.828
88.730
90.583
81.590
84.444
86.385
88.381
90.259
81.589
84.440
86.375
88.382
90.262
3.9
3.5
2.3
2.3
3.4
81.614
84.457
86.402
88.390
90.265
2.1
2.2
2.1
1995
1996
1997
1998
1999
....................
....................
....................
....................
....................
8,031.7
8,328.9
8,703.5
9,066.9
9,470.3
8,010.2
2.5
3.7
4.5
4.2
4.5
3.0
3.7
4.0
4.2
4.5
92.115
93.859
95.415
96.475
97.868
92.483
94.145
95.440
96.060
97.556
92.106
93.852
95.414
96.472
97.868
92.114
93.863
95.420
96.475
97.869
2.0
8,306.5
8,636.6
8,997.6
9,404.0
8,069.8
8,365.3
8,737.5
9,088.7
9,504.7
2.1
1.8
2000
2001
2002
....................
....................
....................
....................
....................
9,817.0
9,890.7
10,048.8
10,301.0
10,675.8
9,760.5
9,920.9
10,036.5
10,285.1
10,619.8
9,855.9
9,933.6
10,079.0
10,355.3
10,746.0
3.7
3.8
100.000
100.000
100.000
0.8
1.6
1.6
1.2
2.5
3.6
2.5
3.3
102.402
104.193
106.409
109.462
101.994
103.583
105.966
109.235
102.399
104.187
106.404
109.462
....................
....................
10,989.5
11,294.8
11,523.9
11,652.7
10,947.3
11,249.3
11,523.4
11,679.8
11,072.1
11,362.3
11,609.8
113.039
116.676
119.819
122.495
113.263
117.066
120.294
124.143
113.034
116.676
119.816
122.415
113.031
116.672
119.813
2003
2004
2005
2006
2007
2008
6.1
4.4
5.8
2.4
5.5
4.5
6.0
5.8
6.0
3.1
5.0
3.1
2.8
- 0.2
1.1
3.9
4.4
5.5
3.6
0.7
1.3
3.0
2.6
2.9
3.1
2.8
2.0
1.1
2.4
1.4
2.8
1.4
1.3
1.4
1.4
1.1
1.2
1.6
1.1
1.1
1.5
1.5
1.7
2.8
1.8
2.8
2.9
4.2
4.9
3.1
4.3
5.0
2.9
3.1
4.3
5.0
5.3
5.0
4.3
5.6
9.0
5.3
5.0
4.3
5.6
9.0
9.4
5.8
6.4
7.0
8.3
9.4
5.8
6.4
7.0
8.3
6.1
3.9
3.8
3.0
2.2
2.7
3.4
3.8
1.9
1.7
1.1
10.2
6.8
7.1
8.8
2.9
2.3
3.1
3.4
3.8
4.1
3.3
2.3
1.4
1.8
9.1
9.4
9.1
9.4
6.1
6.1
4.0
3.8
4.0
3.8
3.0
3.1
2.2
2.2
2.7
3.4
3.8
2.7
3.4
3.8
3.9
3.5
2.3
2.3
3.9
3.5
2.3
2.3
2.1
2.1
2.0
2.1
1.9
1.7
1.9
1.7
1.1
1.1
1.4
0.6
1.6
1.4
1.4
100.000
2.2
2.5
2.2
2.2
102.396
104.179
106.396
109.455
2.4
1.7
2.0
1.6
2.4
1.7
2.4
1.7
2.1
2.3
3.1
2.1
2.1
2.9
2.9
2.9
3.3
3.2
2.7
2.8
3.3
3.2
2.7
3.3
3.2
2.7
2.2
3.2
2.2
3.7
3.4
D-48
National Data
March 2009
Table C.1. GDP and Other Major NIPA Aggregates—Continues
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (2000) dollars
Year and quarter
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Percent change from
preceding period
Gross
domestic
product
Final sales of
domestic
product
8.1
0.9
1.7
1.7
20.903
20.995
21.093
21.186
20.505
20.598
20.694
20.787
20.931
21.004
21.084
21.146
20.909
20.982
21.061
1.0
1.8
0.9
1.8
1.8
1.8
1.9
1.9
1.4
1.5
1.4
1.5
21.122
1.8
1.8
1.2
1.2
21.210
21.249
21.305
21.360
20.807
20.831
20.887
20.933
21.192
21.237
21.303
21.375
21.169
21.214
21.280
21.352
0.5
0.7
0.4
0.5
0.9
0.9
1.1
1.0
1.1
1.2
0.9
1.4
0.9
0.9
1.3
1.4
21.041
21.109
21.163
21.241
21.501
21.533
21.585
21.653
21.479
21.511
21.564
21.632
2.3
2.1
2.4
2.4
1.0
1.1
1.3
1.0
0.6
1.0
0.6
1.0
2.8
21.482
21.538
21.596
21.671
1.4
1.5
1.3
1.3
2.7
7.0
7.3
4.3
21.732
21.754
21.794
21.923
21.308
21.335
21.382
21.514
21.702
21.745
21.788
21.951
21.681
21.724
21.768
21.930
1.1
0.9
0.9
0.4
0.7
2.4
1.3
0.5
0.9
2.5
0.8
0.8
0.8
0.8
3.0
3.0
9.0
4.9
5.1
22.001
22.016
22.073
22.160
22.270
21.995
22.053
22.140
22.250
1.4
1.3
1.5
1.5
2.0
1.8
1.0
22.073
22.180
22.282
21.596
21.674
21.769
21.860
1.9
1.7
1.2
1.0
1.6
2.0
1.2
1.1
1.6
2.0
6.5
7.4
7.7
11.3
22.380
22.479
22.578
22.717
21.940
22.037
22.140
22.292
22.383
22.480
22.563
22.707
22.363
22.460
22.544
1.8
1.8
1.8
1.5
2.0
2.0
1.8
1.9
1.7
1.5
1.7
1.5
22.688
2.5
2.8
2.6
2.6
10.1
6.8
22.416
22.629
22.831
23.018
22.855
23.048
23.291
23.505
22.837
23.029
23.272
23.486
2.5
3.8
3.9
3.6
2.6
1.9
3.4
22.857
23.071
23.293
23.498
2.2
1.4
2.7
3.3
3.9
3.6
3.3
3.4
4.3
3.7
2.7
3.4
4.3
3.7
3.6
4.1
4.3
23.611
23.759
23.977
24.242
23.109
23.254
23.469
23.723
23.612
23.741
23.975
24.241
23.593
23.722
23.955
24.221
1.9
2.5
3.7
4.5
1.6
2.5
3.7
4.4
1.8
2.2
1.8
2.2
4.0
4.5
4.0
4.5
24.503
24.777
25.017
25.367
23.979
24.230
24.483
24.826
24.506
24.763
25.008
25.362
24.487
24.743
24.988
25.342
4.4
4.5
3.9
5.7
4.4
4.3
4.2
5.7
4.4
4.3
4.0
5.8
4.5
4.2
4.0
5.8
25.622
25.966
26.345
26.678
25.062
25.402
25.764
26.093
25.626
25.958
26.332
26.675
25.605
25.937
26.310
26.652
4.1
5.5
3.9
5.5
5.8
5.2
4.2
5.3
5.9
5.3
4.2
5.3
5.9
5.3
27.051
27.437
27.655
28.009
26.474
26.841
27.093
27.449
27.056
27.428
27.647
28.004
27.034
27.406
27.624
27.982
5.7
5.8
3.2
5.2
6.0
5.8
5.6
3.2
5.3
5.9
5.6
3.2
5.3
28.429
28.809
29.097
29.329
27.854
28.230
28.539
28.779
28.425
28.798
29.089
29.322
28.403
28.777
29.069
29.300
6.1
6.0
6.2
6.2
5.5
4.1
3.2
5.5
4.5
3.4
5.4
4.1
3.2
5.4
4.1
3.2
29.814
29.989
30.264
30.620
29.234
29.437
29.728
30.078
29.781
29.959
30.250
30.652
29.759
29.937
30.229
30.631
6.8
6.5
2.4
3.7
4.8
4.0
4.8
6.4
2.4
3.9
5.4
6.4
2.4
4.0
5.4
31.025
31.542
32.147
32.703
30.478
31.052
31.625
32.218
31.020
31.500
32.114
32.750
31.000
31.481
32.095
32.731
5.4
5.4
7.7
7.6
7.7
4.9
6.3
4.9
6.4
8.0
8.2
8.0
8.2
11.0
7.9
9.8
12.3
12.5
7.8
9.7
12.3
12.5
II
V
2,522.0
2,549.1
2,568.9
2,627.3
2,510.8
2,556.7
2,598.3
2,651.4
2.4
7.7
II
V
2,491.2
2,538.0
2,579.1
2,631.8
8.4
0.4
4.4
3.1
9.4
II
V
2,679.1
2,708.4
2,733.3
2,740.0
2,659.5
2,704.5
2,725.6
2,744.5
2,698.6
2,729.7
2,754.8
2,764.5
7.4
4.4
3.7
5.0
6.9
3.2
1.0
II
V
2,775.9
2,810.6
2,863.5
2,885.8
2,762.8
2,809.7
2,859.4
2,889.5
2,799.4
2,833.3
2,886.6
2,909.6
5.3
5.1
7.7
3.1
if
V
2,950.5
2,984.8
3,025.5
3,033.6
2,952.7
2,988.1
3,025.4
3,033.2
2,976.3
3,009.6
3,051.1
3,057.5
9.3
4.7
5.6
1.1
3,081.0
3,136.6
3,195.5
3,282.4
3,135.2
3,178.0
3,240.0
3,315.7
10.2
II
V
3,108.2
3,150.2
3,214.1
3,291.8
II
V
3,372.3
3,384.0
3,406.3
3,433.7
3,337.0
3,352.4
3,380.2
3,389.6
3,396.9
3,408.7
3,430.4
3,458.9
II
V
3,464.1
3,464.3
3,491.8
3,518.2
3,424.2
3,460.2
3,477.8
3,508.2
3,489.0
3,488.5
3,518.5
3,544.1
if
V
3,590.7
3,651.6
3,676.5
3,692.0
3,581.7
3,617.7
3,669.4
3,692.2
II
V
3,750.2
3,760.9
3,784.2
3,766.3
- 2.0
0.6
-5.1
6.6
5.5
8.4
10.0
0.0
7.4
5.1
-1.4
4.3
3.8
- 0.6
1.9
1.1
3.2
3.1
2.0
3,617.2
3,678.7
3,704.4
3,719.6
8.5
7.0
2.7
1.7
8.6
3,730.5
3,748.6
3,767.6
3,768.1
3,778.0
3,787.7
3,810.0
3,792.1
6.5
4.2
1.1
2.5
-1.9
2.0
2.0
0.1
3,778.0
3,771.0
3,804.6
3,797.2
3,786.3
3,794.3
3,827.4
3,784.5
-0.7
1.1
0.8
II
V
3,760.0
3,767.1
3,800.5
3,759.8
3.6
-4.2
-0.7
3.6
- 0.8
3,844.7
3,871.3
3,905.2
3,952.5
3,893.1
3,916.4
3,944.4
3,957.1
11.6
5.1
2.3
3.2
2.8
II
V
3,864.1
3,885.9
3,916.7
3,927.9
3,997.7
4,092.1
4,131.1
4,198.7
4,006.9
4,073.0
4,109.6
4,204.8
4,028.1
4,122.1
4,163.5
4,231.0
7.3
9.8
3.9
6.7
5.6
if
V
4,305.3
4,355.1
4,331.9
4,373.3
4,296.4
4,317.4
4,322.6
4,327.3
4,342.5
4,394.6
4,377.8
4,419.5
10.6
9.0
4.7
- 2.1
3.9
2.0
II
V
4,335.4
4,347.9
4,305.8
4,288.9
4,322.7
4,328.7
4,316.3
4,254.5
4,389.4
4,399.1
4,352.4
4,329.3
1.2
0.6
II
V
-3.8
- 1.6
- 1.1
-5.6
33.371
34.110
35.164
36.240
33.068
34.007
35.045
36.062
33.376
34.162
35.166
36.218
33.354
34.137
35.141
36.188
8.4
9.2
12.9
4,287.8
4,331.0
4,370.1
4,421.1
4,271.5
4,302.8
4,377.7
4,441.7
-4.7
3.0
6.9
5.4
3.2
4.1
3.7
4.8
37.077
37.622
38.324
39.005
36.849
37.412
38.060
38.724
37.050
37.614
38.313
38.987
37.022
37.586
38.288
38.961
9.6
ll'
V
4,237.6
4,268.6
4,340.9
4,397.8
1968:
1969:
1970:
1971:
1972:
1973:
1974:
1975:
Gross
national
product
0.0
1.0
9.2
1967:
Gross
domestic
product
Gross
domestic
purchases
0.0
1.0
2,534.1
2,521.8
2,526.5
2,494.9
1966:
Gross
domestic
product
0.9
2,488.1
2,511.5
2,507.9
2,519.8
1965:
Implicit price deflators
2.1
0.6
1.0
1.6
2,517.4
2,504.8
2,508.7
2,476.2
1964:
Chain-type price index
1.8
0.6
1.1
1.6
V
1963:
Gross
national
product
20.680
20.681
20.730
20.817
7.9
10.9
-0.3
1.4
1962:
Gross
domestic
product
20.704
20.704
20.753
20.840
2,408.1
2,471.1
2,470.3
2,479.8
1961:
Gross
domestic
purchases
Percent change from preceding period
20.296
20.326
20.379
20.460
2,396.9
2,440.3
2,471.1
2,462.3
1960:
Gross
domestic
product
Implicit price deflators
[2000= 100]
20.680
20.711
20.770
20.853
2,392.9
2,455.8
2,453.9
2,462.6
1959:
Chain-type price indexes
[2000= 100]
1.1
-3.4
3.5
4.1
5.8
2.5
3.5
4.9
6.8
3.6
9.6
0.5
0.4
-0.4
6.0
5.2
6.8
7.9
7.1
12.8
6.0
7.7
7.3
5.7
3.8
5.4
2.8
11.9
12.8
12.1
9.0
6.3
7.1
7.2
9.5
9.5
6.2
6.2
7.6
7.2
7.7
7.2
March 2009
Su r v e y
of
D-49
C u r r e n t B u sin ess
Table C.1. GDP and Other Major NIPA Aggregates—Continues
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (2000) dollars
Year and quarter
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
1976:
I...
11..
III.
IV.
4,496.8
4,530.3
4,552.0
4,584.6
4,482.1
4,496.3
4,523.7
4,587.1
4,539.3
4,574.6
4,596.7
4,630.4
1977:
I...
11..
III.
IV.
4,640.0
4,731.1
4,815.8
4,815.3
4,631.5
4,705.5
4,755.2
4,794.1
4,692.2
4,782.3
4,866.4
4,860.4
I...
11..
III.
IV.
4,830.8
5,021.2
5,070.7
5,137.4
4,799.5
4,989.9
5,036.0
5,100.6
I...
11..
III.
IV.
5,147.4
5,152.3
5,189.4
5,204.7
I...
11..
III.
IV.
1978:
1979:
1980:
1981:
1982:
1983:
1984:
1985:
1986:
1987:
1988:
1989:
1990:
1991:
Percent change from
preceding period
Gross
domestic
product
Chain-type price indexes
[2000= 100]
Final sales of
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Implicit price deflators
[2000= 100]
Gross
domestic
product
Gross
national
product
Percent change from preceding period
Chain-type price index
Implicit price deflators
Gross
domestic
product
Gross
domestic
product
Gross
domestic
purchases
Gross
national
product
9.3
3.0
1.9
2.9
5.6
1.3
2.5
5.7
39.443
39.866
40.405
41.096
39.163
39.595
40.168
40.828
39.418
39.840
40.385
41.122
39.396
39.818
40.365
41.101
4.6
4.4
5.5
7.0
4.5
4.4
5.6
7.5
4.5
4.4
5.6
7.5
4.9
41.781
42.452
43.036
43.762
41.591
42.306
42.950
43.688
41.796
42.401
42.917
43.852
41.773
42.381
42.899
43.831
6.8
6.7
5.9
5.0
9.0
6.7
0.0
3.9
6.5
4.3
3.3
4,882.9
5,064.7
5,118.2
5,191.9
1.3
16.7
4.0
5.4
0.5
16.8
3.7
5.2
44.493
45.350
46.133
47.074
44.410
45.266
46.048
46.928
44.505
45.321
46.072
47.047
44.483
45.301
46.052
47.027
6.9
7.9
7.1
8.4
6.1
7.5
6.1
5,117.8
5,117.9
5,192.3
5,216.9
5,203.1
5,214.9
5,263.8
5,278.6
0.8
1.4
0.0
47.828
49.044
50.289
51.515
47.876
49.058
50.115
51.117
47.857
49.034
50.093
51.093
7.5
0.4
2.9
47.929
49.092
50.102
51.088
5,221.3
5,115.9
5,107.4
5,202.1
5,227.3
5,126.2
5,193.5
5,239.7
5,296.5
5,185.5
5,173.0
5,255.6
1.3
-7.8
-0.7
7.6
-7.5
5.4
3.6
52.209
53.362
54.572
56.105
52.930
54.220
55.446
56.907
52.195
53.349
54.560
56.071
I...
11..
III.
IV.
5,307.5
5,266.1
5,329.8
5,263.4
5,261.7
5,272.8
5,278.5
5,247.4
5,364.5
5,319.8
5,386.8
5,327.3
8.4
-3.1
4.9
-4.9
0.4
-2.3
57.566
58.582
59.661
60.704
58.397
59.434
60.355
61.400
I...
11..
III.
IV.
5,177.1
5,204.9
5,185.2
5,189.8
5,232.9
5,230.5
5,196.6
5,273.3
5,237.7
5,272.8
5,242.9
5,245.3
-6.4
61.563
62.330
63.193
63.866
I...
11..
III.
IV.
5,253.8
5,372.3
5,478.4
5,590.5
5,329.2
5,404.6
5,505.1
5,577.0
5,308.8
5,430.9
5,538.0
5,652.4
5.0
9.3
4.3
5.8
7.7
5.3
64.413
64.881
65.542
I...
II.
III.
IV.
5,699.8
5,797.9
5,854.3
5,902.4
5,614.4
5,717.5
5,770.2
5,854.6
5,757.1
5,855.5
5,911.3
5,953.2
8.1
2.7
7.5
3.7
I...
11..
III.
IV.
5,956.9
6,007.8
6,101.7
6,148.6
5,953.0
5,998.5
6,095.8
6,121.2
5,997.4
6,050.8
6,137.4
6,188.2
3.8
3.5
6.4
3.1
6.9
3.1
I..
II.
III
IV
6,207.4
6,232.0
6,291.7
6,323.4
6,184.1
6,230.5
6,317.8
6,355.0
6,242.5
6,257.3
6,320.1
6,342.8
3.9
I..
II.
III
IV
6,365.0
6,435.0
6,493.4
6,606.8
6,344.4
6,431.4
6,510.8
6,542.5
6,386.8
6,461.8
6,519.5
6,635.4
I..
II.
III
IV
6,639.1
6,723.5
6,759.4
6,848.6
6,637.2
6,716.4
6,749.5
6,835.1
I...
II.
III
IV
6,918.1
6,963.5
7,013.1
7,030.9
I..
II.
III
IV
I..
II.
III
IV
8.1
7.4
6.6
5.6
6.9
7.9
7.1
7.9
6.8
6.0
5.0
9.0
7.6
6.8
8.7
8.7
7.2
10.2
8.9
10.2
8.1
7.9
10.6
10.5
10.1
8.2
8.2
52.172
53.324
54.534
56.043
9.1
9.1
9.4
11.7
11.4
10.1
9.4
11.0
8.7
9.1
9.4
11.5
8.7
9.1
9.4
11.5
57.517
58.598
59.641
60.729
57.492
58.571
59.616
60.706
10.8
7.2
7.6
7.2
10.9
7.3
6.3
7.1
10.7
7.7
7.3
7.5
10.8
7.7
7.3
7.5
62.213
62.883
63.717
64.372
61.555
62.302
63.182
63.863
61.530
62.276
63.155
63.837
5.8
5.1
5.7
4.3
5.4
4.4
5.4
4.2
5.6
4.9
5.8
4.4
5.5
4.9
5.8
4.4
64.388
64.853
65.517
66.012
64.363
64.831
65.495
65.991
3.5
2.9
4.1
2.9
2.5
66.020
64.768
65.213
65.849
66.231
3.3
2.9
4.2
3.1
3.3
2.9
4.2
3.1
66.838
67.439
67.989
68.392
67.052
67.647
68.114
68.476
66.837
67.414
67.953
68.385
66.815
67.392
67.930
68.359
5.0
3.6
3.3
2.4
2.8
5.1
3.5
3.2
5.1
3.5
3.2
2.1
2.6
2.6
69.137
69.537
69.907
70.459
69.155
69.550
69.838
70.289
69.127
69.529
69.827
70.276
4.7
3.9
2.3
1.9
2.4
2.1
4.6
2.3
1.7
4.6
2.3
1.7
1.7
69.180
69.542
69.876
70.299
3.2
2.6
2.6
4.2
3.0
5.7
2.4
70.660
71.001
71.455
71.960
70.851
70.985
71.493
72.025
70.652
71.015
71.426
71.893
70.635
70.993
71.401
71.866
2.1
2.2
0.8
2.1
2.1
2.3
2.9
2.9
3.0
2.1
2.0
2.3
2.6
2.6
2.7
4.5
3.7
7.2
-0.7
5.6
5.0
72.514
72.904
73.450
73.948
72.728
73.229
73.819
74.332
72.487
72.882
73.425
73.958
72.465
72.870
73.412
73.944
3.1
4.0
3.3
2.2
2.8
2.2
3.0
2.7
3.3
2.8
3.0
2.9
3.4
2.3
3.0
2.9
6,675.0
6,756.2
6,788.9
6,880.9
2.0
5.2
5.9
4.9
2.1
2.0
5.4
5.2
74.564
75.296
76.178
76.786
74.975
75.706
76.406
77.086
74.587
75.300
76.141
76.712
74.571
75.285
76.124
76.700
3.4
4.0
4.8
3.2
3.5
4.0
3.8
3.6
3.4
3.9
4.5
3.0
3.4
3.9
4.5
3.1
6,873.3
6,933.6
7,015.3
7,026.8
6,950.1
6,993.9
7,046.2
7,071.4
4.1
2.3
3.6
4.8
0.7
77.588
78.342
78.913
79.433
77.937
78.764
79.227
79.807
77.580
78.324
78.879
79.425
77.566
78.316
78.875
79.422
4.2
3.9
2.9
2.7
4.5
4.3
2.4
3.0
4.6
3.9
2.9
2.8
4.6
3.9
2.9
7,112.1
7,130.3
7,130.8
7,076.9
7,110.6
7,103.8
7,118.3
7,101.3
7,150.0
7,169.9
7,163.9
7,137.1
4.7
4.9
-0.4
80.389
81.326
82.053
82.689
80.878
81.629
82.531
83.536
80.375
81.311
82.031
82.646
80.376
81.301
82.028
82.652
4.9
4.7
3.6
3.1
5.5
3.8
4.5
5.0
4.9
4.7
3.6
3.0
4.9
4.7
3.6
3.1
7,040.8
7,086.5
7,120.7
7,154.1
7,071.5
7,120.2
7,134.6
7,133.8
7,087.0
7,119.1
7,149.3
7,191.8
83.662
84.194
84.772
85.200
84.197
84.533
85.058
85.556
83.626
84.165
84.762
85.206
83.623
84.164
84.758
85.202
4.8
2.6
3.2
4.8
4.8
1.6
2.6
2.6
2.8
2.0
2.5
2.4
2.9
2.9
2.1
2.1
1.2
2.2
-1.5
0.4
8.1
8.4
7.1
3.9
3.3
1.6
3.9
2.0
2.6
2.9
1.0
1.0
0.0
5.9
1.9
0.8
1.7
0.8
- 1.1
- 0.2
- 2.6
6.0
6.0
6.6
2.0
0.8
-3.0
- 1.0
- 2.0
-1.7
2.6
2.8
0.8
0.0
1.9
1.9
10.1
8.5
2.1
1.9
2.6
2.8
4.0
2.3
5.1
3.6
7.2
8.9
2.8
D-50
National Data
March 2009
Table C.1. GDP and Other Major NIPA Aggregates—Table Ends
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (2000) dollars
Year and quarter
1992:
Gross
domestic
product
Final sales of
domestic
product
Gross
national
product
Percent change from
preceding period
Gross
domestic
product
5.5
87.729
88.204
88.599
89.030
88.076
88.595
88.916
89.331
87.707
88.190
88.570
89.038
87.705
88.189
88.574
89.048
4.1
5.3
2.3
4.8
2.3
3.1
4.0
3.5
89.598
89.980
90.525
90.958
89.800
90.271
90.921
91.340
89.578
89.954
90.530
90.952
89.583
89.963
90.527
90.953
2.6
1.1
1.9
0.7
3.3
3.0
4.7
2.5
91.554
91.891
92.281
92.734
91.877
92.329
92.662
93.065
91.530
91.859
92.289
92.733
91.534
91.868
92.299
92.743
6.1
93.302
93.615
94.064
94.455
93.602
93.897
94.286
94.796
93.328
93.659
93.951
94.450
3.0
3.2
6.3
2.5
94.963
95.291
95.541
95.864
95.189
95.296
95.494
95.781
6.2
2.9
5.9
4.1
6.5
96.096
96.284
96.620
96.901
3.4
3.4
4.8
7.3
2.5
5.0
4.3
5.0
1.0
6.4
-0.5
4.2
3.3
1.3
2.1
2.6
-0.5
1.6
1.0
0.5
II
V
II
V
7,715.1
7,815.7
7,859.5
7,951.6
7,677.5
7,737.2
7,814.3
7,882.3
7,747.2
7,843.7
7,886.8
7,979.2
II
V
7,973.7
7,988.0
8,053.1
8 ,112.0
7,918.7
7,962.3
8,055.0
8,104.8
8,014.3
8,032.0
8,081.0
8,152.0
II
V
8,169.2
8,303.1
8,372.7
8,470.6
8,175.4
8,285.8
8,319.9
8,444.7
8,213.3
8,337.6
8,402.7
8,507.6
2.9
6.7
3.4
4.8
if
V
8,536.1
8,665.8
8,773.7
8,838.4
8,507.3
8,574.6
8,705.7
8,758.6
8,566.0
8,707.0
8,808.7
8 ,868.1
8,936.2
8,995.3
9,098.9
9,237.1
8,821.1
8,948.7
9,038.4
9,182.2
8,965.5
9,022.2
9,112.2
9,255.2
4.5
2.7
4.7
9,315.5
9,392.6
9,502.2
9,671.1
9,239.7
9,353.7
9,453.5
9,569.3
9,346.7
9,429.1
9,532.7
9,710.4
9,695.6
9,847.9
9,836.6
9,887.7
9,668.8
9,748.4
9,780.4
9,844.3
9,729.0
9,885.3
9,867.8
9,941.6
9,875.6
9,905.9
9,871.1
9,910.0
9,883.2
9,908.7
9,899.9
9,992.3
9,913.6
9,949.8
9,887.7
9,983.1
V,
9,977.3
10,031.6
10,090.7
10,095.8
9,986.8
10,028.4
10,063.5
10,067.3
10,004.1
10,048.6
10,119.7
10,143.8
IL
V.
10,126.0
10,212.7
10,398.7
10,467.0
10,100.9
10,213.7
10,385.9
10,440.0
10,163.8
10,266.9
10,449.9
10,540.5
3.5
7.5
2.7
IL
V,
10,543.6
10,634.2
10,728.7
10,796.4
10,507.1
10,568.5
10,666.6
10,737.0
10,633.0
10,701.4
10,804.9
10,844.4
3.0
3.5
3.6
2.5
10,799.3
10,925.9
11,035.5
11,028.4
10,968.4
11,028.4
11,140.7
11,151.2
3.0
IL
V.
10,875.8
10,946.1
11,050.0
11,086.1
11,217.3
11,291.7
11,314.1
11,356.4
11,167.6
11,232.1
11,257.8
11,339.7
11,286.5
11,365.1
11,370.8
11,426.5
4.8
2.7
V,
11,357.8
11,491.4
11,625.7
11,620.7
11,370.5
11,490.5
11,605.0
11,628.0
11,419.1
11,541.7
11,719.9
11,758.3
if
V.
11,646.0
11,727.4
11,712.4
11,525.0
11,653.7
11,778.8
11.739.2
11.547.3
11,760.9
11,822.2
11,817.3
V.
if
V
2000:
if
V,
2001:
if
V.
2002:
if
2003:
2004:
2005:
2006:
if
V.
2007:
if
2008:
Gross
domestic
product
-0.5
2.9
3.1
5.0
7,502.4
7,532.8
7,577.7
7,661.5
1999:
Gross
domestic
product
85.710
86.181
86.567
87.019
7,431.2
7,483.7
7,540.6
7,633.7
if
Implicit price deflators
85.721
86.190
86.580
87.029
7,459.7
7,497.5
7,536.0
7,637.4
1998:
Chain-type price index
86.093
86.588
87.098
87.531
V
1997:
Gross
national
product
85.766
4.2
3.9
4.0
4.5
1996:
Gross
domestic
product
86.587
87.042
7,265.5
7,334.5
7,402.6
7,485.0
1995:
Gross
domestic
purchases
Percent change from preceding period
6.0
7,239.3
7,284.3
7,360.5
7,440.3
1994:
Gross
domestic
product
Implicit price deflators
[2000= 100]
2.5
4.2
4.4
7,228.2
7,297.9
7,369.5
7,450.7
1993:
Final sales of
domestic
product
Chain-type price indexes
[2000= 100]
2.0
2.1
3.1
6.2
5.1
3.0
86.212
2.7
2.1
1.8
2.1
3.2
2.2
1.8
2.0
Gross
domestic
purchases
2.5
2.3
2.4
2.0
2.5
2.4
1.5
1.9
1.9
2.6
2.6
1.5
1.7
2.0
2.0
1.8
1.4
1.9
1.9
1.5
1.9
1.9
93.338
93.671
93.962
94.458
2.5
1.3
1.9
1.7
2.3
1.3
1.7
2.6
2.6
2.2
2.1
1.2
2.1
95.054
95.206
95.534
95.846
95.058
95.212
95.542
95.851
2.2
1.7
0.5
2.6
0.6
2.6
0.6
0.8
1.2
1.4
1.3
1.4
1.3
95.773
95.881
96.141
96.444
96.089
96.249
96.600
96.934
96.091
96.254
96.604
96.932
1.0
0.8
0.0
1.0
1.0
0.5
1.4
1.1
1.2
1.3
0.7
1.5
1.4
0.7
1.5
1.4
97.274
97.701
98.022
98.475
96.761
97.317
97.790
98.356
97.328
97.674
98.013
98.432
97.330
97.675
98.014
98.433
1.5
1.3
2.3
1.6
1.8
1.3
1.9
2.3
1.4
1.4
1.7
1.7
1.4
1.4
1.7
99.292
99.780
100.241
100.687
99.275
99.714
100.283
100.727
99.317
99.745
100.259
3.6
1.7
3.6
1.7
100.666
99.311
99.741
100.262
100.672
2.1
1.6
2.1
1.6
101.507
102.290
102.690
103.122
101.403
101.974
102.223
102.378
101.478
102.252
102.675
103.191
3.3
3.1
1.7
3.2
3.1
1.7
2.0
2.0
103.553
103.944
104.347
104.926
102.755
103.385
103.816
104.374
1.5
2.5
1.7
1.5
1.4
1.5
2.2
2.2
1.4
1.5
1.5
2.3
105.742
106.076
106.616
107.204
4.1
3.2
1.3
3.1
1.3
2.1
2.2
2.1
2.2
2.4
3.8
2.7
3.7
3.8
2.3
3.2
3.7
3.8
2.3
3.2
2.2
3.5
5.5
1.7
1.4
1.1
1.4
1.5
2.0
1.8
101.480
102.248
102.671
103.183
3.3
3.1
2.7
2.3
1.6
1.0
0.6
103.568
103.938
104.328
104.907
103.552
103.928
104.321
104.903
1.7
1.5
105.435
105.587
106.170
106.671
105.724
106.062
106.611
107.190
105.718
106.053
106.602
107.180
108.180
109.185
109.807
110.677
107.787
108.893
109.637
110.622
108.175
109.178
109.793
110.671
108.170
109.173
109.786
110.666
2.3
4.8
4.1
-0.3
111.778
112.357
113.487
114.536
111.638
112.484
113.913
115.016
111.765
112.346
113.468
114.525
111.757
112.344
113.469
114.523
5.1
2.3
0.9
2.9
115.536
116.317
117.109
117.742
115.832
116.859
117.700
117.873
115.533
116.317
117.107
117.732
115.529
116.315
117.107
117.726
3.5
2.7
0.1
1.1
4.3
4.0
- 0.2
0.8
118.935
119.531
119.984
120.826
118.931
119.908
120.571
121.766
118.956
119.547
119.997
120.743
118.952
119.542
119.990
120.737
4.1
4.8
4.8
0.9
0.9
4.4
-1.3
-6.4
121.613
121.951
123.134
123.284
122.821
124.103
125.475
124.174
121.508
121.890
123.056
123.213
121.495
121.876
123.037
-0.4
3.8
2.4
- 0.2
1.7
1.4
0.2
0.1
1.2
1.3
4.5
6.9
0.8
1.5
2.8
-0.5
- 6.2
2.1
2.4
2.3
3.8
1.3
2.2
1.8
2.2
2.6
1.8
2.6
3.2
1.7
2.4
1.7
2.5
1.9
1.9
2.2
3.2
2.2
2.6
1.8
1.6
2.2
1.8
2.1
2.4
1.7
3.8
2.7
2.4
2.9
1.9
1.7
2.4
1.9
3.4
-1.4
2.4
2.2
1.8
2.1
2.1
2.1
2.0
1.2
Gross
national
product
2.1
2.6
1.7
1.6
2.2
3.1
1.3
2.1
2.2
0.6
2.2
1.9
3.7
3.8
2.3
3.2
4.3
4.2
4.0
3.7
3.1
5.2
3.9
2.8
3.6
1.4
1.3
1.4
4.0
4.0
2.1
2.1
4.1
3.8
4.1
3.8
2.9
3.6
2.9
3.6
2.7
2.7
3.6
2.7
0.6
2.2
2.8
2.1
3.6
3.3
4.2
4.2
2.0
2.0
2.0
1.5
2.2
2.8
4.0
1.5
2.5
1.5
2.5
2.6
1.1
3.5
4.2
4.5
-4.1
2.6
2.5
1.3
3.9
2.1
4.1
3.7
2.8
2.2
3.9
0.5
1.3
3.9
0.5
March 2009
D-51
D. C harts
All series are seasonally adjusted at annual rates. The percent changes in real gross domestic product are based on quarterto-quarter changes.
SELECTED NIPA SERIES
D-52
March 2009
National Data
SELECTED NIPA SERIES
Percent
Dec Nov
Apr Feb
Nov
Mar
JanJIyJly
Nov
Mar Nov
Jly Mar
I r e s o f f e d e r a l g o v e r n m e n t r e c e ip t s
- 50
50Personal current taxes
\+
^
^
si
v'
V' -
V
40-
Contributions for government social insurance
40
- 30
30-
20
20Taxes on corporate income^
-
10-
10
Taxes on production and imports
Percent
Dec Nov
Feb
70
Nov
Mar___________JanJIyJly
Nov
Mar Nov
Jly Mar
- 60
- 40
30
0
60
66
64
62
68
70
72
74
76
78
80
82
86
84
88
90
92
94
96
98
00
02
04
06
08
Percent
Dec Nov
Apr Feb
6
Nov
Mar
JanJIyJly
Nov
____________ Jly Mar
Mar Nov
Dec*
i
RATIO, NET GOVERNMENT SAVING TO GROSS DOMESTIC PRODUCT
Net government savingi
-2
-
—4 —
Federal
—6 —
®
i
60
i
i
62
i
i
64
i
i
66
i
i
68
i
i
70
i
i
72
i
i
74
i
i
76
i
i
78
i
i
80
i
i
82
i
i
84
i
86
i
i
i
88
...................................................... .........
i
90
98
92
94
96
i
i
i
00
i
i
02
*The Business Cycle Dating Committee of the National Bureau of Economic Research has determined that a peak in U.S. economic activity occurred in December 2007.
The peak marks the end of the expansion that began in November 2001 and the beginning of a recession.
U.S. Bureau of Economic Analysis
i
i
04
i
i
06
08
-
20
-
10
March 2009
Sur v ey
D-53
C u r r e n t B u sin ess
of
SELECTED NIPA SERIES
Percent
Apr Feb
25
20
Dec Nov
Nov
Mar
Jan Jly Jly
Nov
Jly Mar
Mar Nov
VV
-
.
.
V 'V x .y *
J\
■m
/ V \
'-m
N~' V s'
-
25
-
v /v
.A
I
— 15
W*
J
-
20
Gross saving
15 -
10
Dec*
RATIO, SAVINGS TO GROSS NATIONAL INCOME
* Gross business saving*
-
5 -
10
- 5
-5
-5
Percent
Apr Feb
Dec Nov
25
Nov
Mar
JanJIyJly
Nov
Jly Mar
Mar Nov
Dec*
25
RATIO, INVESTMENT TO GROSS NATIONAL PRODUCT
20 -
15 -
/ J
v—' w
V'
Gross private domestic investment
H
V
/ n / '"
_
v
V
/••n
Gross domestic investment plus balance on current account (NIPAs)
•*
■ - 'v “
v
-
20
-
15
-
10
V /'
10 Gross government investment
. :%
.
-5 -1 0
60
-1 0
i i i i i i i i i i i i i i i i i i i i i i i I i i i i i i i I i i i I i i i i i i i I i i r
62
66
64
68
70
72
74
76
78
80
82
84
86
88
90
92
94
96
98
00
02
04
06
I
Percent
60
Apr Feb
Dec Nov
Nov
Mar
Jan Jly Jly
Nov
Mar Nov
Jly Mar
....
Dec*
60
T
SHARES OF GROSS PRIVATE DOMESTIC FIXED INVESTMENT
\
50 -
M
™
Nonresidential equipment and software
s'.
40
30 -
• 1 . .
20
it
■— f
Residential
itial investment
,^ N
V '
m **
N —
■ -------- V . H
Nonresidential structures
K
/
ill
-
50
-
40
-
30
-
20
-
10
. ,
m
10 -
60
I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I r
62
64
66
68
70
72
74
76
78
80
82
84
86
88
90
92
94
96
98
00
02
*The Business Cycle Dating Committee of the National Bureau of Economic Research has determined that a peak in U.S. economic activity occurred in December 2007.
The peak marks the end of the expansion that began in November 2001 and the beginning of a recession.
U.S. Bureau of Economic Analysis
04
06
08
D-54
March 2009
National Data
SELECTED NIPA SERIES
SHARES OF NATIONAL INCOME
2007
1960
Supplements to wages
salaries, 5.0%
Wage and salary
accruals, 57.5%
Supplements to wages
Wage and salary
accruals, 52.2%
salaries, 12 .2 %
Proprietors’ income, 10.7%
Proprietors’ income,
8.5%
Rental income
Rental income
of persons, 3.6%
of persons, 0.5%
Corporate profits, 13.1%
Corporate profits, 11.3%
Net interest and misc. payments, 2.2%
OtheTo 4%
Taxes on production and imports, 9.4%
SHARES OF GROSS DOMESTIC PRODUCT BY SECTOR
Other, 0.3%
1960
2007
Business, 77.0
Business, 79.9°/
Net interest and misc. payments,
4.9%
Taxes on production and imports, 8.3%
Households, 6.4%
Households, 6.1%
Nonprofit institutions
Nonprofit institutions serving
serving households,
households, 2 .2 %
5.1%
General government,
General government,
federal 6.3%
federal, 3.4%
General government,
state and local 5.3%
General government,
state and local, 8 .0%
March 2009
Survey
of
D-55
C u r r e n t B u sin ess
SELECTED NIPA SERIES
Percent
Apr Feb
Dec Nov
Nov
Mar
Jan Jly Jly
Nov
Jly Mar
Mar Nov
SHARES OF GROSS DOMESTIC PRODUCT BY TYPE OF PRODUCT
-6 0
60Services
50
40
-4 0
Goods
-3 0
30-
20Structures
-10
- 14
Percent
Apr Feb
Dec Nov
Nov
Mar
Jan Jly Jly
Nov
Jly Mar
Mar Nov
\RES OF PERSONAL CONSUM
60 -
50 -
- 60
- 50
- 40
40 -
30 -
- 30
20 -
10 -
*The Business Cycle Dating Committee of the National Bureau of Economic Research has determined that a peak in U.S. economic activity occurred in December 2007.
The peak marks the end of the expansion that began in November 2001 and the beginning of a recession.
U.S. Bureau of Economic Analysis
-2 0
10
March 2009
National Data
D-56
SELECTED NIPA SERIES
Percent
Dec Nov
Apr Feb
Nov
Mar
JanJIyJly
Nov
Jly Mar
Mar Nov
20
PROFIT MARGIN, DOMESTIC NONFINANCIAL CORPORATIONS*
16 Before tax
’ Ratio of corporate profits per unit to cost and profit per uifiit
0
Ratio
Apr Feb
Dec Nov
Nov
Mar
JanJIyJly
Nov
Jly Mar
Mar Nov
Dec*
5
INVENTORY/SALES RATIOS, CURRENT DOLLAR*
Ratio of private nonfarm inventories to
final sales of goods and structures
/
Ratio of private inventories to
\ m final sales of domestic business
<\
*******
v .
*****
............... "
>
/ % . . * * . . **
—
*............
Ratio of private nonfarm inventories to
final sales of domestic business
'Based on current-dollar estimates of inventories and sal0s
60
Ratio
5
62
64
66
68
Apr Feb
70
72
Dec Nov
74
Nov
76
78
Mar
80
JanJIyJly
5
82
84
86
88
Nov
90
92
94
96
98
00
Jly Mar
02
04
06
Mar Nov
08
Dec*
Ratio of private nonfarm inventories to
final sales of goods and structures
Ratio of private inventories to
final sales of domestic business
nauu oi private riorirarm inventories 10
final sales of domestic business
'Based on chained (2000) dollar estimates of inventories and sales
60
62
64
66
68
70
72
74
76
78
80
82
84
86
88
90
92
94
96
98
00
02
*The Business Cycle Dating Committee of the National Bureau of Economic Research has determined that a peak in U.S. economic activity occurred in December 2007.
The peak marks the end of the expansion that began in November 2001 and the beginning of a recession.
U.S. Bureau of Economic Analysis
04
06
08
D-57
March 2009
Industry Data
E. Industry Table
The statistics in this table were published in tables 5a and 7a in “Annual Industry Accounts: Revised Statistics for
2005-2007” in the December 2008 S u r v e y o f C u r r e n t B u s i n e s s .
Table E.1. Percent Changes in Chain-Type Quantity and Price Indexes for Value Added by Industry for 2005-2007
Chain-type
quantity indexes
Line
2007
2.8
2.0
3.3
3.2
2.7
50
Finance, insurance, real estate, rental, and leasing
Private industries....................................................
3.5
3.1
2.1
2.8
3.0
2.5
51
52
Agriculture, forestry, fishing, and hunting.........
Farms................................................................
Forestry, fishing, and related activities...............
8.5
9.1
6.1
-5.3
-6.9
0.3
6.9 -13.6
9.7 -16.8
0.2
-2.3
-3.7
- 6.0
4.1
29.1
37.4
2.9
Mining...................................................................
Oil and gas extraction........................................
Mining, except oil and gas................................
Support activities for mining..............................
-3.8
- 8.1
4.7
6.9
7.4
3.9
2.3
25.1
-3.7
-3.6
13.8
35.7
43.3
15.7
28.2
9.2
2.7
14.9
28.2
4.7
6.5
Finance and insurance.........................................
Federal Reserve banks, credit intermediation, and
related activities...............................................
Securities, commodity contracts, and investments
Insurance carriers and related activities...............
Funds, trusts, and other financial vehicles...........
- 2.6
Utilities.................................................................
-5.9
1.1
1.2
5.9
12.6
2.0
Construction........................................................
-0.5
-4.1
- 11.2
12.8
11.3
6.4
Manufacturing.....................................................
Durable goods...................................................
Wood products..............................................
Nonmetallic mineral products........................
Primary metals..............................................
Fabricated metal products............................
Machinery.....................................................
Computer and electronic products................
Electrical equipment, appliances, and
components..............................................
Motor vehicles, bodies and trailers, and parts
Other transportation equipment....................
Furniture and related products......................
Miscellaneous manufacturing........................
Nondurable goods............................................
Food and beverage and tobacco products....
Textile mills and textile product mills..............
Apparel and leather and allied products........
Paper products.............................................
Printing and related support activities...........
Petroleum and coal products........................
Chemical products.......................................
Plastics and rubber products........................
0.9
5.5
4.3
5.5
8.1
2.9
4.8
2.8
- 0.8
1.0
- 1.6
-0.4
- 2.2
-6.7
- 2.0
-4.5
6.1
- 12.2
11.6
0.2
6.1
2.8
-1.7
7.4
14.2
4.8
-5.8
-6.3
- 2.6
-24.1
-5.6
- 2.1
- 12.6
Wholesale trade..................................................
3.3
0.6
0.8
1.9
6.4
3.3
Retail trade..........................................................
8.9
5.6
4.5
-2.5
-0.5
-1.5
Transportation and warehousing......................
Air transportation..............................................
Rail transportation............................................
Water transportation.........................................
Truck transportation..........................................
Transit and ground passenger transportation....
Pipeline transportation.....................................
Other transportation and support activities.......
Warehousing and storage................................
4.0
7.6
5.0
-0.4
3.8
- 2.2
9.4
-0.3
14.4
2.1
Information..........................................................
Publishing industries (includes software)..........
Motion picture and sound recording industries..
Broadcasting and telecommunications.............
Information and data processing services........
-9.5
2.5
5.7
22.3
- 1.0
2.5
10.4
7.6
2.5
-5.0
-2.3
1.3
-0.3
- 1.6
2.1
8.7
10.1
^ .0
9.6
10.8
6.7
25.0
12.4
15.3
5.7
3.3
4.5
2.1
4.5
-9.4
- 2.0
8.5
1.7
11.0
-12.5
0.3
5.0
19.1
0.8
- 1.1
- 0.8
2.3
3.1
2.7
-7.2
-0.5
6.0
12.2
0.1
2005
2005
2006
2.9
0.1
2007
2.1
3.5
19.9 - 12.8
1.0
17.9
3.7
0.3
0.4
1.6
-13.6 -15.5
2.4
-0.3
6.3
4.7 -10.4 -13.2
8.6
3.0
2.9
- 6.1
3.5
2.1
2.5 - 1.0
- 0.8
0.4
7.8
4.5
1.2 -3.8
9.0
-7.2
- 0.8
3.2
- 1.1
-4.3
-0.3
0.7
-11.4
4.5
1.8 -0.5
0.9
-17.5
65.1
18.8
7.4
3.3
5.5
3.7
1.8 11.4
1.7
-8.7
7.1
11.1
5.4
3.4
2.5
3.3
3.8
1.0 -18.8
-2.9
7.6
4.0 - 0.2
2.5
10.7
- 0.2
8.1
3.7
4.9
7.1
25.5
-3.3
-0.5
9.5
- 6.2
- 2.8
8.8
6.0
2006
4.1
4.2
7.7
6.3
7.2
1.2
21.0
1.0
16.7
10.3
4.0 -15.6
2007
2.1
-4.9
8.4
3.9
-22.4
1.0
- 1.6
3.5
3.4
-3.7
2.0
2.1
2.0
3.3
3.4
1.0
12.4
59
Professional and business services.........................
5.5
3.4
60
61
62
63
Professional, scientific, and technical services
Legal services.....................................................
Computer systems design and related services....
Miscellaneous professional, scientific, and
technical services............................................
5.5
0.5
5.8
- 1.6
6.6
11.2
7.0
64
Management of companies and enterprises........
2.6
65
Administrative and waste management services
Administrative and support services....................
Waste management and remediation services....
7.4
7.0
12.3
1.0
1.8
-6.7
Educational services, health care, and social
assistance..............................................................
2.8
3.2
66
67
68
2006
2.0
1.2
Real estate and rental and leasing.......................
Real estate..........................................................
Rental and leasing services and lessors of
intangible assets..............................................
2.7
2005
2.0
0.1
56
57
58
0.9
1.0
0.1 - 12.8
2.5
2.8
2007
2.6
2.8
2.2
3.4
2.6
18.7
2.4
2.5
2.3
2.9
2.9
4.9
2.1
4.3
3.7
3.5
7.1
- 1.8
2.7
2.4
1.1
6.0
10.2
-0.3
6.0
1.6
0.8
6.9
9.2
2.4
1.4
-0.7
-1.4
- 2.2
9.6
6.0
12.3
2.1
2.1
2.2
1.4
3.0
-4.9
4.5
4.6
3.8
4.6
4.6
4.3
2.1
2.3
3.7
7.7
2.9
2.5
3.8
1.0
69
Educational services.............................................
-0.3
1.8
3.2
5.2
4.7
3.6
2.9
70
71
7?
Health care and social assistance........................
Ambulatory health care services..........................
Hospitals and nursing and residential care
facilities............................................................
Social assistance.................................................
3.3
5.9
3.4
5.4
1.9
2.4
2.6
1.8
2.2
1.0
3.8
4.1
- 1.0
7.8
0.6
0.6
4.2
4.0
4.1
4.2
5.0
0.2
1.6
0.8
-4.4
0.6
2.1
0.1
-1.9
73
0.8
74
Arts, entertainment, recreation, accommodation,
and food services..................................................
75
76
Arts, entertainment, and recreation......................
Performing arts, spectator sports, museums, and
related activities...............................................
Amusements, gambling, and recreation industries
0.4
- 1.0
15.9
2.2
-2.4
4.1
2.5
3.8
- 0.8
10.7
4.3
-9.0 - 11.0
0.7
2.6
2.2
3.8
20.8
4.8
4.4
6.9
3.7
1.8
-3.1
-0.4
1.9 -3.4
-3.7
0.8
-5.6 -24.8
78
79
80
1.0
Accommodation and food services......................
Accommodation...................................................
Food services and drinking places.......................
Other services, except government.........................
81
82 Government...................................................................
83
84
85
88
-2.3
1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing.
2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance,
real estate, rental, and leasing; professional and business services; educational services, health care, and social assis
tance; arts, entertainment, recreation, accommodation, and food services; and other services, except government.
53
54
55
Chain-type
price indexes
Chain-type
quantity indexes
Line
Gross domestic product.................................
2005
2006
Chain-type
price indexes
89
90
91
Federal........................................................................
General government................................................
Government enterprises..........................................
State and lo cal...........................................................
General government................................................
Government enterprises..........................................
Addenda:
Private goods-producing industries 1............................
Private services-producing industries2.........................
Information-communications-technology-producing
industries3 ...............................................................
2.1
0.8
- 1.6
3.4
1.7
3.5
3.8
4.1
4.1
1.9
3.1
3.2
3.6
4.6
3.7
0.2
4.5
1.9
3.6
2.8
5.0
2.3
0.8
2.1
3.7
5.5
2.9
4.0
3.7
4.1
4.3
5.5
3.7
5.0
2.8
2.6
2.1
2.8
2.0
-0.4
0.4
2.9
4.6
0.7
0.5
1.3
4.5
4.6
4.3
0.2
- 0.1
- 0.1
- 0.2
0.6
0.7
-0.3
4.5
5.5
5.3
5.1
- 2.2
6.1
4.4
4.5
3.8
0.8
1.7
0.8
0.9
2.3
0.1
1.6
2.8
4.5
4.6
4.3
4.2
5.0
4.3
4.3
3.7
0.6
2.7
3.2
-0.7
2.9
6.5
4.4
4.0
2.7
3.2
2.4
12.4
9.3
13.0
-4.4
0.7
-2.5
0.9
3.2
3.4
3.1
3.3
1.7
2.6
1.8
^ .1
- 8.0
3.
Consists of computer and electronic products; publishing industries (includes software); information and data
processing services; and computer systems design and related services.
Note. Estimates in this table are based on the 1997 North American Industry Classification System (NAICS).
March 2009
D-58
International Data
F. Transactions Tables
Selected U.S. international transactions tables are presented in this section. For BEA’s full set of detailed estimates of U.S.
international transactions, visit BEA’s Web site at www.bea.gov.
Table F.1. U.S. International Transactions in Goods and Services
[Millions of dollars, monthly estimates seasonally adjusted]
2008
2007
2007
Dec.
Exports of goods and services..........................................
2009
2008 r
Jan. r
Feb. r
March r
April '
May ’
June '
July r
Aug. r
1,645,726 1,835,785 146,144 149,346 152,507 149,664 155,192 157,138 163,035 167,465 164,671
Sept. '
Oct. r
Goods............................................................................... 1,148,481 1,291,371 101,842 104,598 108,009 104,941 109,971 110,910 116,167 120,746 117,798 107,728 104,709
84,264
9,491
9,756
9,554
10,294
10,254
10,064
8,907
8,113
7,986
8,521
9,005
Foods, feeds, and beverages.........................................
108,418
33,005 31,557
316,335
387,279 28,704 29,778 31,824 31,598 32,773 34,227 36,762 38,318 37,431
Industrial supplies and materials....................................
40,138
39,466
40,624
41,527
42,350
38,156
38,011
447,433
469,477
39,404
39,404
39,358
37,858
Capital goods, except automotive..................................
9,987
10,751
12,115
10,430
10,289
10,053
9,398
121,045
120,935
10,101 10,283 10,781
10,173
Automotive vehicles, parts, and engines........................
13,472
146,102
13,356 12,578 13,418 13,414
14,126
14,876
13,991
13,311
161,185
12,802
13,273
Consumer goods (nonfood), except automotive.............
4,484
4,604
4,376
4,134
4,530
4,675
4,621
4,368
4,359
47,300
53,237
3,909
4,591
Other goods...................................................................
-512
-713
-796
-906
-776
-546
-758
-828 -1,073
-459
-13,999
-9,161
-1,065
Adjustments 1................................................................
Services............................................................................
Travel...............
Passenger fares
Other transportation......................................................
Royalties and license fees.............................................
Other private services...................................................
Transfers under U.S. military agency sales contracts 2...
U.S. Government miscellaneous services......................
Imports of goods and services..........................................
497,245
96,712
25,586
51,586
82,614
223,483
16,052
1,212
544,414
110,469
31,638
59,407
88,212
238,334
15,115
1,239
44,302
8,880
2,481
4,611
7,294
19,765
1,163
107
44,748
8,926
2,464
4,886
7,130
19,496
1,745
100
44,498
9,115
2,535
4,856
7,184
19,294
1,414
99
44,723
9,159
2,644
4,849
7,253
19,506
1,212
100
45,221
9,089
2,427
5,164
7,431
19,846
1,163
46,228
9,468
2,558
5,257
7,533
20,088
101
103
1,220
46,868
9,636
2,722
5,321
7,624
20,290
1,171
104
46,719
9,579
2,883
5,335
7,388
20,247
1,183
104
46,873
9,909
2,948
5,320
7,347
20,010
1,236
104
Nov. '
Dec. '
Jan. p
153,774 149,813 140,663 132,517 124,906
46,046
9,376
2,852
5,069
7,323
20,171
1,151
105
45,104
9,086
2,552
4,703
7,340
20,036
1,280
107
97,044
7,581
27,281
36,557
8,965
13,081
4,504
-924
88,752
6,878
22,727
36,029
7,708
12,289
3,991
-870
82,203
7,009
43,619
8,470
2,455
4,406
7,333
19,660
1,188
106
43,765
8,656
2,598
4,240
7,327
19,686
1,151
106
42,703
8,140
2,452
3,918
7,310
19,598
1,179
107
22,021
33,031
5,524
11,407
3,708
-497
2,345,983 2,516,915 203,722 208,503 214,388 207,069 217,011 217,604 222,170 229,969 224,915 211,908 207,849 183,114 172,417 160,936
Goods............................................................................... 1,967,853 2,112,196 171,350 175,260 181,007 173,859 183,436 183,536 187,950 195,376 189,371 177,779 174,272 150,335 140,017 129,164
7,392
7,275
7,094
7,101
7,513
7,557
7,806
7,611
7,699
7,109
6,853
81,683
89,005
6,907
7,196
7,653
Foods, feeds, and beverages.........................................
634,746
Industrial supplies and materials....................................
775,486 60,310 64,216 64,772 61,783 67,764 67,329 73,625 80,120 74,034 65,509 65,000 48,492 42,842 38,206
38,808 37,395 35,141
31,824
444,486
33,761
Capital goods, except automotive..................................
453,896 37,712 37,519 38,345 37,955 39,185 39,855 38,514 39,086 38,331
16,422
22,767 20,272 21,447 20,444 20,503 20,416
19,258
18,439 17,569
14,808
11,516
258,920
Automotive vehicles, parts, and engines........................
233,546 20,722 21,201
474,892
41,937 41,428 41,170 43,673 40,305 40,444 36,930 36,140 35,707
482,163 39,727 39,156 41,060 39,628 40,291
Consumer goods (nonfood), except automotive.............
5,624
5,647
5,353
4,682
62,234
5,535
5,766
5,661
6,001
5,379
5,013
66,033
5,168
5,281
5,210
5,563
Other goods...................................................................
784
721
377
10,892
794
1,657
1,584
1,590
754
707
1,028
646
1,460
342
12,068
804
Adjustments 1................................................................
Services..............
Travel...............
Passenger fares
Other transportation......................................................
Royalties and license fees.............................................
Other private services...................................................
Direct defense expenditures 2........................................
U.S. Government miscellaneous services......................
Memoranda:
Balance on goods..............................................................
Balance on services..........................................................
Balance on goods and services........................................
p Preliminary
378,130
76,167
28,486
67,050
25,048
144,375
32,820
4,184
404,719
80,000
32,429
71,840
26,468
153,044
36,542
4,396
32,372
6,467
2,477
5,671
2,002
12,465
2,929
361
33,243
6,803
2,663
5,923
2,164
12,415
2,914
361
33,381
6,833
2,646
6,028
2,219
12,371
2,923
361
33,575
6,659
2,616
6,092
2,192
12,681
2,974
361
34,068
6,880
2,642
6,199
2,197
12,792
2,996
363
34,220
6,729
2,774
6,237
2,212
12,888
3,016
364
34,593
6,606
2,830
6,378
2,127
13,029
3,250
374
35,544
6,776
2,796
6,327
3,000
12,990
3,281
375
34,129
6,464
2,691
6,238
2,094
13,013
3,253
376
33,577
6,504
2,756
5,937
2,007
12,958
3,049
367
32,779
6,526
2,738
5,380
2,004
12,772
2,991
367
32,400
6,477
2,659
5,219
2,001
12,716
2,963
366
31,772
6,333
2,550
4,903
1,981
12,670
2,968
367
-819,373 -820,825 -69,509 -70,662 -72,998 -68,918 -73,465 -72,626 -71,783 -74,631 -71,573 -70,052 -69,563 -53,290 -51,265 -46,961
11,527
10,840 11,365
11,117
11,513 11,646 12,160
12,648
12,126
11,329 11,917
10,931
119,115
139,695
11,930 11,505
-700,258 -681,130 -57,579 -59,157 -61,881 -57,405 -61,819 -60,466 -59,135 -62,505 -60,244 -58,135 -58,036 -42,450 -39,900 -36,030
2. Contains goods that cannot be separately identified.
1. Reflects adjustments necessary to bring Census Bureau data in line with the concepts and definitions used by BEA
to prepare international and national accounts.
33,210
6,743
2,618
5,883
2,254
12,419
2,932
361
Source. U.S. Bureau of Economic Analysis and U.S. Census Bureau,
March 2009
Sur v ey
of
D-59
C u r r e n t B u s in e ss
Table F.2. U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
Line
(Credits +; debits -)
2007
2007
III
II
Seasonally adjusted
2008
2007
IV
I
II r
III ”
644,178
446,177
315,351
130,826
4,371
24,152
7,077
14,277
20,916
59,735
299
198,001
197,238
95,434
101,088
716
763
-767,073
-601,621
-507,017
-94,603
-8,769
-17,410
-7,277
-17,192
-6,428
-36,444
-1,083
-165,452
-162,938
-25,884
-94,302
-42,752
-2,514
-32,408
-9,990
-1,680
-20,738
676,958
478,512
341,526
136,985
3,554
29,112
7,732
15,673
22,387
58,219
308
198,446
197,679
103,541
93,412
726
767
-831,466
-661,838
-556,515
-105,323
-8,986
-23,084
-8,721
-18,773
-6,352
-38,320
-1,088
-169,628
-167,200
-38,122
-86,115
-42,963
-2,428
-28,214
-7,305
-2,014
-18,895
-600
-631
-1,289,854 -526,163 -179,448 -135,529 -272,093
-122
-54
26
-22
-276
98,197
-1,267
2008
II
III
IV
I
II r
III p
15,939
23,034
61,401
315
194,838
194,093
98,275
94,759
1,059
745
-846,437
-683,299
-575,389
-107,910
-9,150
-22,907
-8,704
-19,276
-7,503
-39,263
-1,107
-163,139
-160,628
-32,123
-86,987
-41,518
-2,511
-28,231
-7,117
-1,539
-19,575
602,122
399,951
279,488
120,463
4,000
23,154
5,996
12,639
19,866
54,521
288
202,171
201,434
89,673
111,187
574
737
-771,262
-578,770
-485,375
-93,395
-8,085
-18,849
-6,979
-16,767
-6,260
-35,437
-1,018
-192,492
-189,991
-40,620
-107,963
-41,408
-2,501
-24,953
-5,611
-1,834
-17,508
638,393
424,873
295,494
129,378
3,881
25,241
6,530
13,081
21,940
58,396
309
213,520
212,774
94,953
117,275
546
746
-783,548
-592,986
-496,698
-96,288
-8,132
-19,247
-7,422
-17,119
-6,155
-37,145
-1,069
-190,562
-188,045
-35,243
-110,898
-41,904
-2,517
-27,796
-7,109
-1,837
-18,850
650,808
435,465
303,180
132,285
3,542
26,499
7,259
13,790
21,817
59,058
320
215,343
214,587
100,259
113,774
554
756
-788,264
-609,248
-512,099
-97,149
- 8,688
-19,533
-7,364
-17,142
-5,991
-37,350
-1,081
-179,016
-176,436
-25,424
-108,281
-42,731
-2,580
-29,784
-9,950
-1,849
-17,985
651,473
451,645
317,813
133,833
4,371
27,060
7,623
14,632
21,559
58,289
299
199,827
199,064
97,262
101,088
714
763
-795,371
-628,756
-528,845
-99,910
-8,769
-20,403
-7,928
-17,869
-6,663
-37,196
-1,083
-166,615
-164,055
-27,001
-94,302
-42,752
-2,560
-31,742
-9,990
-1,951
-19,801
671,944
475,498
337,312
138,186
3,554
28,053
7,687
15,791
22,577
60,216
308
196,446
195,679
101,524
93,412
743
767
-823,859
-655,578
-553,641
-101,937
-8,986
-20,292
-8,033
-18,563
-6,626
-38,349
-1,088
-168,282
-165,734
-36,656
-86,115
-42,963
-2,547
-29,028
-7,305
-1,966
-19,757
683,708
489,053
346,536
142,518
3,570
29,468
8,462
15,820
23,310
61,572
315
194,655
193,910
98,068
94,759
1,083
745
-829,408
-665,589
-561,246
-104,343
-9,150
-20,168
-8,245
-18,838
-7,727
-39,108
-1,107
-163,819
-161,274
-32,769
-86,987
-41,518
-2,545
-28,390
-7,117
-1,970
-19,303
-593
-112
-617
-571
-600
-631
-593
-3,697 -523,556 -170,476 -153,757 -260,644
-179
26
-54
-22
-276
102,698
-1,267
9,505
-179
0
0
Current account
1 Exports of goods and services and income receipts......................
2 Exports of goods and services.........................................................
3
4
5
Goods, balance of payments basis..............................................
Services.......................................................................................
Transfers under U.S. military agency sales contracts................
Travel........................................................................................
Passenger fares..........
Other transportation....
Royalties and license fees........................................................
Other private services..............................................................
U.S. government miscellaneous services................................
Income receipts...................
Income receipts on U.S.-owned assets abroad............................
Direct investment receipts........................................................
Other private receipts...............................................................
U.S. government receipts.........................................................
Compensation of employees........................................................
Imports of goods and services and income payments...................
Imports of goods and services.........................................................
Goods, balance of payments basis..............................................
Services.......................................................................................
Direct defense expenditures.....................................................
Travel.......................................................................................
Passenger fares.......................................................................
Other transportation....
Royalties and license fees........................................................
Other private services.
U.S. government miscellaneous services................................
Income payments.............................................................................
Income payments on foreign-owned assets in the United States
Direct investment payments.....................................................
Other private payments............................................................
U.S. government payments......................................................
Compensation of employees........................................................
Unilateral current transfers, net........................................................
U.S. government grants....................................................................
U.S. government pensions and other transfers................................
Private remittances and other transfers............................................
Capital account
39 Capital account transactions, net.....................................................
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
71a
72
73
74
75
76
77
Financial account
U.S.-owned assets abroad, excluding financial derivatives
(increase/financial outflow (-))......................................................
U.S. official reserve assets...............................................................
Gold.............................................................................................
Special drawing rights..................................................................
Reserve position in the International Monetary Fund...................
Foreign currencies........................................................................
U.S. government assets, other than official reserve assets...............
U.S. credits and other long-term assets.......................................
Repayments on U.S. credits and other long-term assets..............
U.S. foreign currency holdings and U.S. short-term assets...........
U.S. private assets...........................................................................
Direct investment..........................................................................
Foreign securities.........................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns...................................................................................
U.S. claims reported by U.S. banks, not included elsewhere........
Foreign-owned assets in the United States, excluding financial
derivatives (increase/financial inflow (+))....................................
Foreign official assets in the United States......................................
U.S. government securities..........................................................
U.S. Treasury securities...........................................................
Other.........................
Other U.S. government liabilities..................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.....
Other foreign official assets..........................................................
Other foreign assets in the United States.........................................
Direct investment..........................................................................
U.S. Treasury securities...............................................................
U.S. securities other than U.S. Treasury securities.......................
U.S. currency................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S.
nonbanking concerns...............................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.....
Financial derivatives, net...................................................................
Statistical discrepancy (sum of above items with sign reversed)
Of which: Seasonal adjustment discrepancy....................................
Memoranda:
Balance on goods (lines 3 and 20).......................................................
Balance on services (lines 4 and 21)...................................................
Balance on goods and services (lines 2 and 19).................................
Balance on income (lines 12 and 29)...................................................
Unilateral current transfers, net (line 35)..............................................
Balance on current account (lines 1,18, and 35 or lines 74,75, and 76)
p Preliminary
r Revised
2,463,505
1,645,726
1,148,481
497,245
16,052
96,712
25,586
51,586
82,614
223,483
817,779
814,807
368,275
444,299
2,233
2,972
-3,082,014
-2,345,984
-1,967,853
-378,130
-32,820
-76,167
-28,486
-67,050
-25,048
-144,375
-4,184
-736,030
-726,031
-134,414
-426,515
-165,102
-9,999
-112,705
-33,237
-7,323
-72,145
608,364
404,467
285,008
119,459
4,000
24,387
5,848
12,575
19,683
52,679
288
203,897
203,160
91,434
111,187
539
737
-777,437
-583,705
-487,304
-96,401
-8,085
-21,390
-7,588
-16,903
- 6,011
-35,406
-1,018
-193,732
-191,353
-41,982
-107,963
-41,408
-2,379
-24,299
-5,611
-1,777
-16,910
13,018
21,588
58,084
309
213,647
212,901
95,105
117,275
521
746
-793,312
-603,246
-503,513
-99,733
-8,132
-21,916
-7,841
-17,476
-6,004
-37,294
-1,069
-190,066
-187,602
-34,800
-110,898
-41,904
-2,464
-27,693
-7,109
-1,260
-19,324
654,122
439,225
307,832
131,393
3,542
23,508
7,340
14,120
22,853
59,710
320
214,897
214,141
99,764
113,774
603
756
-797,288
-617,983
-522,612
-95,371
- 8,688
-17,024
-6,899
-17,101
-6,646
-37,931
-1,081
-179,305
-176,548
-25,536
-108,281
-42,731
-2,757
-30,171
-9,950
-2,746
-17,475
-1,843
-112
-617
-571
1,212
0
0
-154
-39
294
-229
-596
-1,405
687
634,480
420,832
287,925
132,908
3,881
29,159
6,868
0
0
0
-37
-29
-35
230
112
285
-989
-247
-272
-359
-22,273
623 -22,744
3,265
-182
-179
-2,475
-279
4,104
780
487
1,546
-23,902
122
25 -24,011
2,957
-1,267,459 -525,593 -180,017 -112,763 -275,082
-333,271
-96,224
-71,015
-92,678 -100,548
-288,731
-84,671 -100,317
-4,202
-35,066
1,021
0
679,785
484,947
338,138
146,809
3,570
33,662
8,888
0
0
0
0
0
-30
-22
-39
-37
-35
-29
-955
256
294
285
112
230
-290
-405
-229
-247
-272
-359
-225,994
-41,592
-596
623 -22,744
3,265
-1,106
-338
-1,405
-182
-279
-179
497
597
687
780
1,546
487
-40,983 -226,253
122
2,957
25 -24,011
141,056 222,476 -522,985 -171,045 -130,990 -263,634
-70,073
-88,551
-93,616
-62,043 -110,905
-89,100
-33,576
86,768
-84,671 -100,317
-4,202
-35,066
-22
-30
-955
256
-290
-405
-41,592 -225,994
-1,106
-338
497
597
-40,983 -226,253
145,558
235,678
-84,049
-56,871
-33,576
86,768
80,012
100,043
81,848
-88,697 -115,926 -221,316
49,324
213,859
53,787 -134,713
151,994 -209,985
80,012
100,043
81,848
-88,697 -115,926 -221,316
49,324
213,859
53,787
151,994
720,720
88,822
61,641
1,610
60,031
-69
15,956
11,294
267,216
13,469
-7,788
-25,810
18,022
913
9,873
10,471
377,162
145,497
54,837
42,728
12,109
4,132
52,537
33,991
459,399
173,533
167,883
88,649
79,234
1,645
-26,930
30,935
25,630
145,391
151,288
58,143
93,145
2,439
-30,055
21,719
125,948
117,663
108,118
116,479
-8,361
1,714
9,617
-1,786
718,112
88,822
61,641
1,610
60,031
-69
15,956
11,294
266,476
13,469
-7,788
-25,810
18,022
913
9,873
10,471
380,402
145,497
54,837
42,728
12,109
4,132
52,537
33,991
459,017
173,533
167,883
88,649
79,234
1,645
-26,930
30,935
22,719
145,391
151,288
58,143
93,145
2,439
-30,055
21,719
125,692
117,663
108,118
116,479
-8,361
1,714
9,617
-1,786
1,646,645
237,542
156,825
573,850
-10,675
631,898
64,470
-13,522
310,340
-1,635
253,747
106,648
67,406
-30,486
655
231,665
52,506
60,059
110,489
-3,530
285,866 -119,761
80,819
108,215
63,263
65,692
-20,475
17,068
-914
230
8,285
66,373
89,506
-89,163
5,845
629,290
61,862
-13,522
310,340
-1,635
253,007
105,908
67,406
-30,486
655
234,905
55,746
60,059
110,489
-3,530
285,484 -122,672
105,304
80,437
65,692
63,263
-20,475
17,068
-914
230
8,029
66,117
89,506
-89,163
5,845
156,290
532,813
6,496
-41,287
122,476
149,769
-1,007
-66
84,085
83,598
-54,350
79,088 -256,616 -147,874
-8,001
n.a.
-2,519
-23,403
62,045
73,226
122,476
149,769
-1,007
656
722
55,599 -111,846
53,925
123,987
5,942 -13,234
71,627
-45,600
8,892
-21,805
-706
-644,751
-134,713
-209,985
2,057,703
411,058
230,330
58,865
171,465
5,342
108,695
66,691
55,599 -111,846
123,987
53,925
5,942 -13,234
93,431
-54,491
84,085 -54,350
83,598
79,088 -256,616 -147,874
-8,001
-2,519
n.a.
58,677
-14,131
39,487
9,271
-3,368
-33,739
-819,373 -202,296 -215,588 -214,780 -191,666 -214,988 -237,251 -205,887 -201,204 -208,919 -211,032 -216,328 -214,710
119,115
36,223
31,662
38,900
33,922
36,249
38,175
23,058
33,175
36,023
27,068
33,090
35,136
-700,258 -179,238 -182,414 -178,757 -155,443 -183,326 -198,351 -178,819 -168,114 -173,783 -177,110 -180,079 -176,536
32,549
36,327
28,164
81,749
23,582
35,592
31,699
9,679
33,212
30,835
10,165
28,819
22,958
-29,784
-112,705
-24,299
-27,693
-30,171
-32,408
-28,214 -28,231
-24,953 -27,796
-31,742
-29,028
-28,390
-731,214 -193,372 -186,525 -173,336 -155,302 -182,722 -194,883 -194,093 -172,952 -167,241 -175,640 -180,944 -174,091
March 2009
International Data
D-60
Table F.3. U.S. International Transactions, by Area—Continues
[Millions of dollars]
European Union
Europe
United Kingdom
Euro area
(Credits +; debits -)
Line
2008:ll r
2008:11 r
2008:lll p
2008:llr
2008:lll p
2008:lll p
2008:ll r
2008:lll p
Current account
1 Exports of goods and services and income receipts.............................................................
2 Exports of goods and services.................................................................................................
240,763
235,541
145,206
143,369
205,629
122,827
200,937
136,150
132,194
56,844
56,499
120,660
82,560
81,399
31,292
30,348
3
Goods, balance of payments basis......................................................................................
87,322
82,296
72,622
67,567
53,215
50,289
14,770
12,909
4
5
Services..............................................................................................................................
Transfers under U.S. military agency sales contracts.......................................................
57,884
839
61,073
920
50,204
485
53,093
532
29,345
215
31,110
216
16,521
97
17,438
98
6
Travel...............................................................................................................................
Passenger fares...............................................................................................................
Other transportation.........................................................................................................
9,956
2,771
5,537
11,607
3,168
5,674
9,135
2,540
4,872
10,752
2,934
4,981
4,764
1,484
2,760
5,865
1,638
2,852
3,523
895
1,267
4,107
1,018
1,304
Royalties and license fees...............
Other private services.....................
U.S. government miscellaneous services........................................................................
13,147
25,559
75
13,539
26,076
89
10,638
22,476
58
10,970
22,853
70
7,306
12,778
38
7,525
12,962
52
2,565
8,161
14
2,649
8,249
14
Income receipts.......................................
Income receipts on U.S.-owned assets abroad....................................................................
Direct investment receipts................................................................................................
Other private receipts.......................................................................................................
U.S. government receipts.................................................................................................
Compensation of employees................................................................................................
95,556
95,440
47,759
47,177
504
117
92,172
92,055
44,171
47,056
828
117
82,803
82,708
39,481
42,780
447
95
80,277
80,181
36,491
42,955
735
95
53,591
53,537
31,207
21,884
446
54
50,795
50,742
28,769
21,253
720
53
25,552
25,526
6,398
19,128
26,151
26,124
6,081
20,028
15
27
18 Imports of goods and services and income payments..........................................................
-254,858
-245,419
-216,012
-204,190
-143,631
-129,587
-57,817
-60,002
19
Imports of goods and services.................................................................................................
-165,129
-163,079
-138,765
-135,240
-100,353
-95,258
-27,257
-28,551
20
21
22
Goods, balance of payments basis......................................................................................
-118,311
-116,085
-97,947
-94,393
-74,741
-70,039
-15,075
-16,033
Services..............................................................................................................................
Direct defense expenditures.............................................................................................
-46,819
-3,551
-46,993
-3,625
-40,817
-3,144
-25,612
-2,580
-25,219
-2,685
-12,182
-511
-12,518
-475
23
24
25
Travel............
Passenger fares...............................................................................................................
Other transportation.........................................................................................................
-8,874
-4,741
-7,495
-8,400
-4,633
-7,751
-6,063
-4,541
-6,626
-40,848
-3,210
-7,590
-4,414
-6,869
-5,793
-2,711
-3,978
-4,964
-2,678
-4,203
-1,839
-1,564
-1,398
-2,170
-1,389
-1,462
26
27
28
Royalties and license fees................................................................................................
Other private services......................................................................................................
U.S. government miscellaneous services..........................
-3,850
-17,788
-519
-3,995
-18,067
-522
-2,960
-15,108
-376
-3,067
-15,304
-394
-1,908
-8,313
-330
-1,982
-8,359
-349
-621
-6,215
-34
-639
-6,341
-43
29
30
31
32
33
34
Income payments......................................................................
Income payments on foreign-owned assets in the United States..........................................
Direct investment payments..............................................
Other private payments....................................................................................................
U.S. government payments...
Compensation of employees....
-89,728
-89,581
-30,075
-48,508
-10,998
-147
-82,340
-82,203
-23,494
-48,145
-10,564
-138
-77,247
-77,132
-24,910
-44,534
-7,688
-115
-68,950
-68,841
-17,476
-44,119
-7,246
-109
-43,278
-43,196
-15,783
-23,757
-3,656
-82
-34,329
-34,250
-7,418
-23,736
-3,096
-79
-30,560
-30,534
-7,314
-19,751
-3,469
-26
-31,452
-31,427
-8,462
-19,335
-3,630
-25
35 Unilateral current transfers, net....
36
U.S. government grants................
37
U.S. government pensions and other transfers........................................................................
Private remittances and other transfers....................................................................................
38
Capital account
-2,133
-492
-459
-1,182
-2,049
-574
-464
- 1,011
-963
-49
-427
-487
-691
-23
-431
-237
-1,525
758
783
0
0
-323
-1,182
-937
-14
-300
-623
-71
829
-72
855
39 Capital account transactions, net.............................................................................................
Financial account
-228
-231
-122
-124
-68
-68
-15
-16
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
7
8
9
10
11
12
13
14
15
16
17
-20
0
26
83,066
-33,412
32,486
-19,592
153,412
-31,954
U.S. official reserve assets.......................................................................................................
Gold.....................................................................................................................................
-263
-365
-194
-291
-110,551
-194
-14,357
41
42
43
44
45
-291
0
0
0
0
0
0
0
0
0
0
-263
-365
-194
-291
-194
-291
46
47
48
49
U.S. government assets, other than official reserve assets.....................................................
U.S. credits and other long-term assets..........
Repayments on U.S. credits and other long-term assets.....................................................
U.S. foreign currency holdings and U.S. short-term assets..................................................
-40,954
-13
49
-40,990
-186,586
-38
89
-186,637
-34,985
-169,709
-34,990
-124,712
-22
0
0
7
-34,992
49
-169,736
27
-124,739
-39,997
50
51
52
53
54
U.S. private assets...................................................................................................................
Direct investment..................................................................................................................
Foreign securities.................................................................................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns......................
U.S. claims reported by U.S. banks, not included elsewhere...............................................
Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow (+)).................................................................................................................
Foreign official assets in the United States..............................................................................
U.S. government securities......
U.S. Treasury securities.......
Other...................................
.............................................
Other U.S. government liabilities..........................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.............................................
Other foreign official assets..................................................................................................
124,283
-51,071
-23,150
46,731
151,773
153,539
-38,846
70,819
86,582
34,984
67,665
-43,697
-31,079
46,346
96,095
150,408
-31,796
68,345
87,384
26,475
7
-34,997
-75,367
-35,744
-7,570
-13,532
-18,521
2
0
0
2
-39,997
0
110,646
-29,973
42,772
21,860
75,987
153,410
-3,033
-26,857
61,522
121,778
8,043
-2,508
15,772
59,986
-65,207
-138,732
4,481
-177,044
-11,802
-75,799
-7,531
-102,948
4,142
362
(1)
n
o
410
(1)
(')
4,119
59,591
25,311
-53,781
n.a.
75,539
-102,541
(2)
(2)
(2)
(2)
169
(2)
(2)
(2)
(2)
(2)
(2)
313
(2)
(2)
(2)
(2)
(2)
(2)
250
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
93
(2)
(2)
(2)
(2)
(2)
(2)
46
(2)
(2)
Other foreign assets in the United States.................................................................................
Direct investment.....................
U.S. Treasury securities...........
U.S. securities other than U.S. Treasury securities..............................................................
U.S. currency.......................................................................................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns...................
U.S. liabilities reported by U.S. banks, not included elsewhere.............................................
22,790
( 1)
( 1)
( 1)
113
( 1)
( 1)
-161,522
57,326
41,442
-473
n.a.
-46,690
-213,127
(2)
45,482
(2)
- 6,102
n.a.
-48,182
2—168,411
(2)
48,884
(2)
-49,674
n.a.
75,919
2-87,244
(2)
30,103
(2)
-32,503
n.a.
-13,720
2-59,929
(2)
34,936
(2)
-44,702
n.a.
4,298
2-2,163
(2)
16,660
(2)
21,301
n.a.
-34,360
2-106,642
(2)
16,492
(2)
-2,721
n.a.
71,635
2-81,310
70 Financial derivatives, net...........................................................................................................
-8,593
n.a.
-8,304
n.a.
-13,613
n.a.
5,424
n.a.
71 Statistical discrepancy (sum of above items with sign reversed)..........................................
80,715
41,090
164,330
35,462
209,036
20,286
-55,657
30,549
Memoranda:
Balance on goods (lines 3 and 20)...............................................................................................
Balance on services (lines 4 and 21)..........
Balance on goods and services (lines 2 and 19).........................................................................
Balance on income (lines 12 and 29)..........
Unilateral current transfers, net (line 35)......................................................................................
Balance on current account (lines 1,18, and 35 or lines 74,75, and 76).....................................
-30,989
11,065
-19,923
5,828
-2,133
-16,228
-33,789
14,080
-19,709
9,832
-2,049
-11,927
-25,325
9,387
-15,938
5,555
-963
-11,345
-26,826
12,245
-14,580
11,327
-691
-3,944
-21,526
3,733
-17,794
10,313
-1,525
-9,005
-19,750
5,891
-13,859
16,466
-937
1,670
-304
4,339
4,035
-5,008
758
-215
-3,123
4,920
1,797
-5,301
783
-2,721
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
72
73
74
75
76
77
p Preliminary
r Revised
(*) Transactions are less than $500,000 (+/-)
1. Details not shown separately; see totals in lines 56 and 63.
100
0
0
2. Details not shown separately are included in line 69.
3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for
China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.
March 2009
Su r v e y
of
D-61
C u r r e n t B usin ess
Table F.3. U.S. International Transactions, by Area—Continues
[Millions of dollars]
Latin America and Other
Western Hemisphere
Canada
Line
(Credits +; debits -)
2008:ll r
2008:lll p
2008:11 1
2008:lll e
Asia and Pacific
Mexico
2008:ll r
2008:lll p
2008:ll r
Australia
2008:lll p
2008:ll r
2008:lll p
Current account
1 Exports of goods and services and income receipts.............................................................
2 Exports of goods and services.................................................................................................
97,463
92,324
138,622
146,246
13,819
97,159
104,661
46,730
152,045
122,389
13,441
79,057
48,273
44,107
155,118
84,382
125,631
8,896
9,234
3
Goods, balance of payments basis......................................................................................
71,897
66,959
73,800
78,732
38,078
40,526
88,696
88,057
5,721
5,876
4
5
Services..............................................................................................................................
Transfers under U.S. military agency sales contracts.......................................................
12,486
134
12,098
134
23,360
162
25,929
198
6,029
4
6,204
3
33,693
37,574
965
3,175
89
3,359
89
6
Travel...............................................................................................................................
Passenger fares.....
Other transportation
Royalties and license fees
Other private services
U.S. government miscellaneous services........................................................................
4,351
944
941
3,606
1,003
1,009
1,739
4,584
6,135
1,963
1,912
1,826
11,308
53
7,629
2,299
2,036
1,876
11,838
53
1,818
612
430
478
2,679
1,824
562
449
491
9,231
2,196
5,521
5,394
14,156
8
9
7,447
1,823
5,565
5,260
12,471
107
111
846
191
118
593
1,333
5
944
218
123
611
1,368
5
Income receipts..............
Income receipts on U.S.-owned assets abroad....................................................................
Direct investment receipts................................................................................................
Other private receipts......................................................................................................
U.S. government receipts................................................................................................
Compensation of employees................................................................................................
13,081
13,040
6,996
6,044
13,268
13,226
6,909
6,317
4,585
4,578
2,119
2,459
100
0
0
41
9
29,655
29,551
18,673
10,761
117
104
4,545
4,538
2,173
2,365
42
4,166
4,157
3,160
996
(*)
9
29,488
29,383
18,137
11,146
0
41,586
41,529
19,783
21,715
31
57
4,172
4,163
3,159
0
41,463
41,406
20,493
20,857
56
57
105
7
7
18 Imports of goods and services and income payments..........................................................
-105,995
-105,290
-147,277
-152,777
-65,783
-65,111
-245,529
-260,628
-7,242
-7,324
-98,767
-118,844
-123,033
-62,257
-61,436
-207,121
-4,681
-4,935
-91,104
-100,785
-104,707
-58,024
-57,445
-181,269
-223,003
-197,222
-2,874
-4,233
-3,991
-25,782
-1,825
-1,807
-61
-3,056
-1,879
-50
7
8
9
10
11
12
13
14
15
16
17
1,686
4,392
38
22
50,902
2,866
1,002
2
1,020
19
Imports of goods and services.................................................................................................
20
21
22
Goods, balance of payments basis......................................................................................
-99,150
-92,714
Services..............................................................................................................................
Direct defense expenditures.............................................................................................
-6,436
-49
-7,663
-60
-18,059
-84
-18,326
-88
-2
-2
-25,852
-1,828
-3,111
-6,564
-2,677
-224
-373
-2,380
-247
-356
-4,512
-2,608
-6,404
-3,958
-2,610
-6,541
-323
-224
-104
-341
-286
-65
23
24
25
Travel.....................
Passenger fares.....
Other transportation
- 1,888
-88
-88
-866
-1,353
-1,304
-1,976
-6,219
- 1,020
-2,087
26
27
28
Royalties and license fees...............................................................................................
Other private services......................................................................................................
U.S. government miscellaneous services........................................................................
-181
-2,761
-115
-188
-2,802
-105
-8,648
-159
-16
-895
-W
-16
-941
-49
-2,162
-8,165
-173
-2,257
-8,419
-171
-131
-943
-110
-97
-8,319
-152
-20
-137
-985
-16
29
30
31
32
33
34
Income payments....................................................................................................................
Income payments on foreign-owned assets in the United States.........................................
Direct investment payments............................................
Other private payments...................................................
U.S. government payments.............................................
Compensation of employees................................................................................................
-6,846
-6,707
-3,018
-3,330
-359
-139
-6,523
-6,390
-2,621
-3,429
-340
-133
-28,433
-26,567
-726
-21,158
-4,683
-1,865
-29,745
-27,733
-1,664
-21,555
-4,514
- 2,011
-3,526
-1,698
-274
-624
-800
-1,828
-3,675
-1,708
-313
-656
-739
-1,967
-38,409
-38,160
-3,856
-9,387
-24,917
-248
-37,624
-37,416
-3,171
-9,939
-24,306
-208
-2,561
-2,557
-1,358
-927
-272
-4
-2,389
-2,385
-1,233
-908
-244
-4
35 Unilateral current transfers, net.............
36
U.S. government grants........................
37
U.S. government pensions and other transfers........................................................................
38
Private remittances and other transfers..
-381
-451
-8,753
-831
-207
-7,715
-3,227
-24
-75
-3,128
-3,286
-28
-77
-3,181
-5,565
-2,499
-230
-2,836
-5,160
-1,541
-228
-3,392
-18
0
-165
-286
-8,273
-564
-204
-7,505
-53
0
-167
-214
0
-21
0
-22
-32
4
23
53
-53
-39
-29
-25
-268
-274
-8
-8
Capital account
39 Capital account transactions, net.............................................................................................
Financial account
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
9,964
-9,270
14,353
14,590
2,613
-2,705
-4,782
10,400
-16,201
2,565
41
42
43
44
45
U.S. official reserve assets.......................................................................................................
Gold.....................................................................................................................................
Special drawing rights.............................................
Reserve position in the International Monetary Fund
-27
0
0
0
0
0
0
0
0
0
0
0
0
-27
-40
0
0
0
0
0
0
46
47
48
49
U.S. government assets, other than official reserve assets.....................................................
U.S. credits and other long-term assets...................
Repayments on U.S. credits and other long-term assets.....................................................
U.S. foreign currency holdings and U.S. short-term assets..................................................
1
0
0
1
1
0
0
1
188
20
0
12
8
12
-6
147
-32
181
-2
-39,486
-98
234
-39,622
-6
0
0
-6
-10,006
22
5
-74
84
-5
50
51
52
53
54
U.S. private assets
Direct investment.................................................................................................................
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns......................
U.S. claims reported by U.S. banks, not included elsewhere...............................................
9,963
-2,155
-11,037
-772
23,927
-9,271
-4,064
5,452
634
-11,293
14,165
-12,534
-7,682
4,309
30,072
14,585
-14,686
-22,290
-34,520
86,081
2,593
-1,720
4,128
-1,098
1,283
-2,717
-2,849
900
337
-1,105
-4,903
-18,449
8,676
-770
5,640
49,926
-5,630
28,375
1,508
25,673
-16,195
-2,181
-8,778
176
-5,412
12,571
-818
7,774
340
5,275
55 Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow (+))................................................................................................................
33,136
-15,645
-36,298
9,144
8,300
-3,922
136,621
120,930
9,373
-6,405
202
-178
23,053
( 1)
n
-14,244
84,693
n
n
(2)
6
50
(2)
(2)
(2)
(2)
115,942
( 1)
n
(1)
( 1)
(1)
(2)
(2)
(2)
(2)
1,245
754
(1)
(1)
(2)
(z)
(2)
(2)
(2)
(2)
n
0
(1)
(')
56
57
b8
59
60
61
62
Foreign official assets in the United States..............................................................................
U.S. government securities...............
U.S. Treasury securities................
Other............................................
Other U.S. government liabilities..........................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.............................................
63
64
65
-40
(1)
(1)
( 1)
( 1)
-53
( 1)
(')
15
-21
187
0
14
4
0
n
V)
V)
(2)
(2)
(2)
26
(2)
(2)
(2)
(1)
(1)
(')
0
0
(’)
Other foreign assets in the United States.................................................................................
Direct investment.........................................
U.S. Treasury securities...............................
U.S. securities other than U.S. Treasury securities..............................................................
U.S. currency...............................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns...................
2,522
32,934
11,544
-15,467
1,612
( 1)
-1,368
n.a.
( 1)
-5,817
-59,351
18,543
23,388
4,071
987
749
51,928
18,689
4,988
133
1,758
(1)
(’)
(2)
(2)
n
(1)
(2)
71 Statistical discrepancy (sum of above items with sign reversed).........................................
-34,602
38,278
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)...
-8,913
-13,417
-20,817
6,050
-14,767
6,235
-381
-16,927
-24,145
4,434
-19,710
6,745
-451
-15,284
66
67
68
69
70
72
73
74
75
76
77
(’)
10,763
n.a.
(’)
-101
- 1,010
n.a.
1,090
27,233
(3)
231
n.a.
-1,604
2-3,298
(3)
14,934
n.a.
(1)
22,656
34,484
-8,411
9,853
24,147
-26,985
5,301
-21,685
13,030
-8,273
-20,737
-25,974
7,602
-18,372
11,841
-8,753
-17,496
-19,946
1,796
-18,150
640
-3,227
-99,050
-16,919
2,213
-14,706
497
-3,286
-110,670
4,441
393
p Preliminary
r Revised
(*) Transactions are less than $500,000 (+/-)
1. Details not shown separately; see totals in lines 56 and 63.
n.a.
( 1)
-57,742
-12,546
n.a.
(1)
-74,191
0
0
-10,006
(2)
(2)
(2)
(2)
126
(2)
(2)
(2)
1,352
(2)
-32,710
n.a.
( 1)
34,851
2,653
n.a.
186
24,750
-33,973
-20,386
635
-2,630
-92,573
7,842
-84,732
-8,753
-5,565
-109,165
11,792
-97,373
-8,137
-5,160
2,847
1,368
4,215
1,984
-53
6,147
2,820
1,480
4,299
2,196
-18
6,477
1,452
-2,280
n.a.
-241
2-5,362
53
2. Details not shown separately are included in line 69.
3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for
China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.
D-62
International Data
March 2009
Table F.3. U.S. International Transactions, by Area—Table Ends
[Millions of dollars]
China
Line
Japan
India
Middle East
Africa
(Credits +; debits -)
2008:11 r
2008:lll p
2008:ll r
2008:lll p
2008:11 r
2008:lll p
2008:ll r
2008:lll p
2008:ll r
2008:lll p
Current account
1 Exports of goods and services and income receipts.............................................................
2 Exports of goods and services.................................................................................................
25,079
24,826
8,222
9,393
34,809
36,605
21,694
23,184
12,312
13,397
22,609
22,544
7,504
8,899
27,739
29,791
18,487
20,005
9,604
10,986
3
Goods, balance of payments basis......................................................................................
18,667
18,219
4,628
5,875
17,285
17,318
13,104
14,227
6,708
7,867
4
5
Services..............................................................................................................................
Transfers under U.S. military agency sales contracts.......................................................
3,941
4,325
2,876
3,024
0
8
5,383
1,158
5,777
1,107
2,896
208
6
Travel...............................................................................................................................
Passenger fares........
Other transportation...
Royalties and license fees................................................................................................
Other private services
U.S. government miscellaneous services........................................................................
714
837
238
817
531
1,893
10
1,102
12,472
129
3,119
0
10,454
128
462
176
264
847
15
942
384
177
271
1,227
15
2,631
792
1,176
1,891
3,803
34
3,952
1,175
1,225
1,937
4,018
36
748
116
826
243
2,274
19
1,033
118
781
251
2,467
475
115
349
225
1,507
17
556
104
359
234
1,645
718
714
354
358
493
489
117
366
7,070
7,049
2,771
4,251
27
6,815
6,793
2,398
4,356
39
3,207
3,181
2,618
553
2,708
2,411
2,391
1,898
438
55
7
8
9
10
11
12
220
872
519
1,608
9
Income receipts........................................................................................................................
Income receipts on U.S.-owned assets abroad....................................................................
Direct investment receipts....
Other private receipts...........
U.S. government receipts.....
Compensation of employees....
2,471
2,461
1,843
610
18 Imports of goods and services and income payments..........................................................
-96,945
13
14
15
16
17
19
Imports of goods and services.....
8
10
8
2,282
2,272
1,638
619
15
20
202
20
10
5
5
21
22
26
3,179
3,153
2,573
565
15
26
20
20
-112,248
-9,627
-10,068
-58,076
-55,508
-37,905
-42,304
-35,618
-34,767
2
6
10
2,688
2,192
481
15
-84,129
-98,798
-9,149
-9,630
-43,523
-41,537
-35,440
-39,164
-35,108
-34,287
20
21
22
Goods, balance of payments basis......................................................................................
-81,575
-96,204
-6,197
-6,693
-36,384
-34,321
-30,038
-33,697
-33,398
Services...................................
Direct defense expenditures.............................................................................................
-2,554
-2,594
-1
-2,938
-5
-7,140
-444
-7,216
-454
-5,402
-3,364
-5,468
-3,440
-1,710
-1
-2,952
-3
-32,575
-1,712
-110
-112
23
24
25
Travel................................................................................................................................
Passenger fares...............................................................................................................
Other transportation.........................................................................................................
-637
-158
-999
-583
-214
-1,006
-518
-64
-98
-434
-35
-108
-1,071
-330
-1,846
-924
-328
-1,935
-544
-309
-381
-534
-266
^10
-702
-109
-149
-685
-87
-149
26
27
28
29
30
31
32
33
34
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....
-38
-712
-39
-741
-1,915
-1,504
-30
- 2,000
-1,543
-31
-694
-65
-45
-708
-65
-8
-11
-25
-2,324
-7
-8
-10
-23
-2,239
-7
-574
-58
-600
-71
-12,816
-12,719
-29
-1,371
-11,319
-97
-13,450
-13,360
-437
-14,553
-14,526
-1,808
-3,706
-9,012
-27
-13,971
-13,948
-1,601
-510
-493
-11
-3,139
-3,130
-96
-1,641
-1,393
-9
-215
-267
-17
-479
-467
-9
-194
-264
-13
-606
-725
50
29
-2
-2
-2
-2
0
-6
-8
-563
-726
118
-63
92
-8
-721
-2,093
-1,656
-47
-390
-2,482
-1,251
-602
-2,057
-1,648
-47
-362
-2,284
-1,165
-6
0
-68
- 1,111
-1,223
-46
-47
-51
-52
1
1
-90
-91
-15
-12
35 Unilateral current transfers, net................................................................................................
36
U.S. government grants............................
37
U.S. government pensions and other transfers........................................................................
38
Private remittances and other transfers....
-20
-1,505
-11,835
-90
-478
-432
-227
-92
-113
-46
-592
-23
^101
-190
-102
-109
-36
-758
-26
^,001
-8,346
-23
-44
-2,466
-2,454
645
-1,502
-1,597
-11
Capital account
39 Capital account transactions, net.............................................................................................
Financial account
-1,244
6,240
-1,553
-1,030
3,107
-7,221
1,812
3,796
-2,421
14,876
41
42
41
44
45
40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow (-))
U.S. official reserve assets.......................................................................................................
Gold.....................................................................................................................................
Special drawing rights............................................................. ............................................
Reserve position in the International Monetary Fund...
Foreign currencies.......................................................
0
0
0
0
0
0
0
0
-27
-40
0
0
0
0
0
0
0
0
0
0
-27
-40
46
47
48
49
U.S. government assets, other than official reserve assets......................................................
U.S. credits and other long-term assets......................
Repayments on U.S. credits and other long-term assets.....................................................
U.S. foreign currency holdings and U.S. short-term assets..................................................
U.S. private assets..........................................................
Direct investment.........................................................
Foreign securities........................................................
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns......................
U.S. claims reported by U.S. banks, not included elsewhere...............................................
18
36
4
13
18
-29,604
65
0
0
21
-8
0
0
21
0
0
-5
38
-65
-58
55
-99
152
-4
0
12
-8
-8
40
-4
18
-29,604
-1,262
-2,748
5,446
-273
-3,687
6,204
-3,277
281
27
9,173
-1,557
-327
13
-124
-1,119
-1,043
-135
1,136
-69
-1,975
3,116
-2,996
2,406
-58
3,764
22,423
5,037
7,645
45
9,696
1,747
-960
2,028
55 Foreign-owned assets in the United States, excluding financial derivatives (increase/
financial inflow (+)).................................................................................................................
109,989
130,946
1,108
3,180
33,367
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
50
51
52
53
54
0
22
56
57
58
59
60
61
62
Foreign official assets in the United States..............................................................................
U.S. government securities
U.S. Treasury securities...................................................................................................
Other...............................................................................................................................
Other U.S. government liabilities..........................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.............................................
Other foreign official assets................................................................
63
64
65
Other foreign assets in the United States.................................................................................
Direct investment..................................................................................................................
U.S. Treasury securities..................................
U.S. securities other than U.S. Treasury securities..............................................................
U.S. currency...................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns...................
U.S. liabilities reported by U.S. banks, not included elsewhere.............................................
-910
n.a.
707
2110,225
70 Financial derivatives, net...........................................................................................................
(3)
71 Statistical discrepancy (sum of above items with sign reversed).........................................
-36,228
-48,991
2,492
-665
Memoranda:
Balance on goods (lines 3 and 20)...............................................................................................
Balance on services (lines 4 and 21)...........................................................................................
Balance on goods and services (lines 2 and 19).........................................................................
Balance on income (lines 12 and 29)...........................................................................................
Unilateral current transfers, net (line 35)......
Balance on current account (lines 1,18, and 35 or lines 74,75, and 76)....................................
-62,907
1,387
-61,520
-10,345
-606
-72,472
-77,985
1,731
-76,254
-11,168
-725
-88,147
-1,569
-76
-1,645
240
-592
-1,997
-731
56
-758
-1,433
66
6/
68
69
72
73
74
75
76
77
p Preliminary
r Revised
(*) Transactions are less than $500,000 (+/-)
1. Details not shown separately; see totals in lines 56 and 63.
n
0
-33
(2)
0
207
(2)
-6,730
n.a.
642
2136,827
(3)
62
186
(2)
70
248
(2)
82
15,758
(2)
-112
8,001
n.a.
n.a.
-1,067
210,593
-149
n.a.
-75
21,084
-10
22,984
(3)
(3)
-817
86
60
13
20
-12
-27
2
-2,356
1,428
-920
14,821
-998
1,799
720
3,775
-1,045
2,198
-706
3,328
6,106
21,359
(2)
(2)
(2)
(2)
10,903
(2)
(2)
(2)
-18
-640
(2)
-41
-111
86
-2,753
13,934
16,318
9,836
-16,146
13,001
3,688
2,500
1,030
(1)
(')
(')
142
n
<1)
0
(1)
(’)
(1)
(')
(1)
V)
V)
(1)
0
(')
0
10,456
1,151
3,317
-125
6,148
-118
-18,646
24
(’)
(')
(')
(1)
n
36
(')
(1)
-13,494
n.a.
1,429
218,829
2,773
320
4,540
-16,557
n.a.
(3)
4,693
n.a.
(')
816
n.a.
(1)
-421
n.a.
63
(1)
-2,179
n.a.
(1)
2,998
-16,256
(3)
35
19,988
-4,813
1,189
18,155
n.a.
25,134
-19,099
3,315
-15,784
-7,483
50
-23,217
-17,003
5,256
-11,746
-7,156
29
-18,874
-16,934
-18
-16,953
741
-2,057
-18,268
-19,469
310
-19,160
40
-2,093
- 21,212
-26,690
1,186
-25,503
2,198
-2,284
-25,589
-24,708
1,407
-23,301
1,932
-2,482
-23,852
2. Details not shown separately are included in line 69.
3. Estimates of financial derivatives for Mexico are included in Latin America and Other Western Hemisphere; and for
China and India, in Asia and Pacific. Estimates for the Middle East are combined with estimates for Asia and Pacific.
March 2009
Survey
of
D-63
C u r r e n t B usin ess
Table F.4. Private Services Transactions
[Millions of dollars]
Not seasonally adjusted
Line
2007
2007
I
1 Exports of private services..................................................
II
Seasonally adjusted
2008
III
2007
IV
I
II r
III p
I
II
2008
III
IV
I
II r
III p
479,980
108,560
115,171
128,718
127,532
126,156
133,123
142,924
110,193
116,176
125,188
128,423
129,163
134,324
138,633
Travel (table F.2, line 6) ........................................................
Passenger fares (table F.2, line 7 ).......................................
Other transportation (table F.2, line 8) .................................
Freight.............................................................................
Port services........................
96,712
25,586
51,586
19,596
31,990
19,658
5,529
11,873
4,412
7,461
24,387
5,848
12,575
4,895
7,680
29,159
24,152
7,077
14,277
5,370
8,907
29,112
7,732
15,673
5,655
10,018
33,662
13,018
4,951
8,067
23,508
7,340
14,120
5,338
8,782
15,939
5,745
10,194
21,818
5,800
12,076
4,520
7,556
23,154
5,996
12,639
4,848
7,791
25,241
6,530
13,081
4,964
8,117
26,499
7,259
13,790
5,264
8,526
27,060
7,623
14,632
5,499
9,133
28,053
7,687
15,791
5,598
10,193
29,468
8,462
15,820
5,752
10,068
Royalties and license fees (table F.2, line 9).........................
By type: 1
Industrial processes 2 .................................................
O ther 3 ........................................................................
By affiliation:
U.S. parents’ receipts from their foreign affiliates.........
U.S. affiliates’ receipts from their foreign parent groups
U.S. receipts from unaffiliated foreigners.....................
82,614
18,490
19,683
21,588
22,853
20,916
22,387
23,034
18,991
19,866
21,940
21,817
21,559
22,577
23,310
37,441
45,172
8,611
9,879
8,789
10,894
10,177
11,411
9,864
12,989
9,373
11,543
10,027
12,360
10,305
12,729
8,611
10,380
8,789
11,077
10,177
11,763
9,864
11,953
9,373
12,186
10,027
12,550
10,305
13,005
54,726
4,154
23,733
12,157
1,062
5,271
12,993
918
5,772
14,354
1,123
6,111
15,223
1,052
6,578
13,771
914
6,230
14,502
1,016
6,869
14,800
1,045
7,190
12,506
1,062
5,423
13,080
918
5,868
14,537
1,123
6,280
14,603
1,052
6,162
14,222
914
6,422
14,571
1,016
6,990
14,919
1,045
7,346
Other private services (table F.2, line 10)............................
By type: 1
Education....................................................................
Financial services.......................................................
Insurance services......................................................
Telecommunications....................................................
Business, professional, and technical services............
Other services 4 ..........................................................
By affiliation:
U.S. parents’ receipts from their foreign affiliates.........
U.S. affiliates' receipts from their foreign parent groups
U.S. receipts from unaffiliated foreigners.....................
223,483
53,010
52,679
58,084
59,710
59,735
58,219
61,401
51,508
54,521
58,396
59,058
58,289
60,216
61,572
15,732
58,266
10,286
8,283
107,675
23,241
6,453
12,870
2,351
1,967
24,129
5,241
1,923
13,996
2,554
2,079
26,647
5,479
4,386
15,567
2,676
2,128
27,260
6,067
2,970
15,833
2,706
2,109
29,639
6,453
6,865
15,398
2,575
2,179
26,678
6,040
2,038
15,619
2,824
2,377
30,345
5,015
4,681
15,343
2,890
2,517
30,754
5,216
3,848
12,870
2,351
1,967
25,231
5,241
3,897
13,996
2,554
2,079
26,515
5,479
3,962
15,567
2,676
2,128
27,996
6,067
4,025
15,833
2,706
2,109
27,932
6,453
4,090
15,398
2,575
2,179
28,008
6,040
4,146
15,619
2,824
2,377
30,234
5,015
4,223
15,343
2,890
2,517
31,384
5,216
49,238
24,052
150,193
10,843
5,802
36,365
12,453
34,113
12,515
5,626
39,944
13,428
6,512
39,770
12,532
5,500
41,702
13,076
6,216
38,927
13,078
6,077
42,245
11,226
5,985
34,297
12,232
6,140
36,149
12,804
6,031
39,561
12,976
5,897
40,185
12,984
5,754
39,551
12,734
6,377
41,104
13,343
6,514
41,716
23 Imports of private services...................................................
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
6,112
6,868
8,888
341,126
77,695
87,298
90,532
85,602
84,751
95,249
97,653
82,367
84,292
87,087
87,380
90,059
91,863
94,086
24
25
26
27
28
Travel (table F.2, line 23)......................................................
Passenger fares (table F.2, line 24).....................................
Other transportation (table F.2, line 25)...............................
Freight.............................................................................
Port services...................................................................
76,167
28,486
67,050
45,576
21,474
15,837
6,158
15,570
10,798
4,772
21,390
7,588
16,903
11,626
5,277
21,916
7,841
17,476
11,848
5,628
17,024
6,899
17,101
11,304
5,797
17,410
7,277
17,192
11,061
6,131
23,084
8,721
18,773
11,649
7,123
22,907
8,704
19,276
11,836
7,440
18,538
6,721
16,022
11,059
4,963
18,849
6,979
16,767
11,547
5,220
19,247
7,422
17,119
11,656
5,463
19,533
7,364
17,142
11,314
5,828
20,403
7,928
17,869
11,484
6,385
20,292
8,033
18,563
11,525
7,038
20,168
8,245
18,838
11,632
7,206
29
Royalties and license fees (table F.2, line 26).......................
By type: 1
Industrial processes2 .................................................
Other 3 ........................................................................
By affiliation:
U.S. parents’ payments to their foreign affiliates..........
U.S. affiliates’ payments to their foreign parent groups
U.S. payments to unaffiliated foreigners.......................
25,048
6,386
6,011
6,004
6,646
6,428
6,352
7,503
6,643
6,260
6,155
5,991
6,663
6,626
7,727
18,093
6,955
4,694
1,691
4,405
1,607
4,348
1,656
4,646
2,001
4,676
1,753
4,633
1,719
4,806
2,697
4,887
1,756
4,590
1,669
4,460
1,694
4,156
1,836
4,854
1,809
4,845
1,782
4,979
2,748
2,233
17,420
5,396
553
4,499
1,334
528
4,168
1,315
636
4,017
1,351
515
4,736
1,396
546
4,459
1,423
574
4,338
1,439
595
4,534
2,373
553
4,756
1,334
528
4,416
1,315
636
4,167
1,351
515
4,081
1,396
546
4,693
1,423
574
4,613
1,439
595
4,759
2,373
Other private services (table F.2, line 27).............................
By type: 1
Education....................................................................
Financial services.......................................................
Insurance services......................................................
Telecommunications....................................................
Business, professional, and technical services............
Other services 4 ..........................................................
By affiliation:
U.S. parents’ payments to their foreign affiliates..........
U.S. affiliates’ payments to their foreign parent groups
U.S. payments to unaffiliated foreigners.......................
144,375
33,744
35,406
37,294
37,931
36,444
38,320
39,263
34,444
35,437
37,145
37,350
37,196
38,349
39,108
4,523
18,928
42,761
7,334
68,763
2,065
866
4,430
10,426
1,667
15,895
459
1,156
4,798
10,172
1,912
16,855
514
1,523
4,727
11,113
1,908
17,460
562
978
4,973
11,050
1,847
18,553
530
883
4,847
11,187
1,779
17,133
615
1,180
4,884
10,615
1,870
19,104
667
1,556
4,792
10,731
1,918
19,564
702
1,119
4,430
10,426
1,667
16,342
459
1,135
4,798
10,172
1,912
16,907
514
1,140
4,727
11,113
1,908
17,694
562
1,129
4,973
11,050
1,847
17,820
530
1,145
4,847
11,187
1,779
17,623
615
1,156
4,884
10,615
1,870
19,157
667
1,162
4,792
10,731
1,918
19,802
702
36,545
20,518
87,312
8,273
4,927
20,544
8,804
5,327
21,275
9,302
5,046
22,945
10,166
5,218
22,547
9,100
4,445
22,899
10,885
4,595
22,840
11,039
4,638
23,586
8,720
4,927
20,797
8,856
5,327
21,254
9,536
5,046
22,562
9,434
5,218
22,698
9,591
4,445
23,160
10,938
4,595
22,816
11,277
4,638
23,193
45 Premiums received 5...............................................................
46 Actual losses paid...................................................................
20,951
11,619
4,879
2,706
5,226
2,856
5,532
2,988
5,314
3,069
4,681
3,097
5,280
3,094
5,352
3,074
4,879
2,706
5,226
2,856
5,532
2,988
5,314
3,069
4,681
3,097
5,280
3,094
5,352
3,074
47 Premiums paid 5......................................................................
48 Actual losses recovered..........................................................
74,848
30,430
18,596
7,642
17,704
7,595
19,454
7,577
19,093
7,616
19,094
7,713
17,719
7,844
17,508
7,993
18,596
7,642
17,704
7,595
19,454
7,577
19,093
7,616
19,094
7,713
17,719
7,844
17,508
7,993
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
Supplemental detail on insurance transactions:
Memoranda:
49 Balance on goods (table F.2, line 72)...................................... -819,373 -186,708 -202,296 -215,588 -214,780 -191,666 -214,988 -237,251 -203,363 -205,887 -201,204 -208,919 -211,032 -216,328 -214,710
50 Balance on private services (line 1 minus line 25)...................
138,854
30,865
27,873
38,186
41,930
37,874
45,271
31,884
39,104
44,546
41,405
27,825
38,101
41,043
42,460
51 Balance on goods and private services (lines 53 and 54)
-680,519 -155,843 -174,423 -177,402 -172,850 -150,261 -177,115 -191,980 -175,538 -174,004 -163,103 -167,876 -171,928 -173,868 -170,164
p Preliminary
r Revised
1. Royalties and license fees and “other private services" by detailed type of service include both affiliated and unaffil
iated transactions.
2. Includes royalties, license fees, and other fees associated with intangible assets, including patents, trade secrets,
and other proprietary rights, that are used in connection with the production of goods.
3. Includes royalties, license fees, and other fees associated with copyrights, trademarks, franchises, rights to broad
cast live events, software licensing fees, and other intellectual property rights.
4. Other services receipts (exports) include mainly film and television tape rentals and expenditures of foreign resi
dents temporarily working in the United States. Payments (imports) include mainly expenditures of U.S. residents tempo
rarily working abroad and film and television tape rentals.
5. These reflect the amount of premiums explicitly charged by, or paid to, insurers and reinsurers.
March 2009
D—64
G. Investment Tables
Table G.1. International Investment Position of the United States at Yearend, 2006 and 2007
[Millions of dollars]
Changes in position in 2007
Attributable to
Type of investment
Line
Position, 2006'
Financial flows
(a)
Price changes
(b)
Other changes2
(d)
Total
(a+b+c+d)
438.711
(4)
438.711
-78,074
430,189
-108,263
-216,025
23,693
-239,718
-2,441,829
83,529
-2,525,358
420,581
516,968
(3)
(3)
-14,332
17,639,954
2,284,581
15,355,373
122
52,758
4,478
0
5 52,758
3,258,657
1,045,586
2,213,071
57,358
52,758
606
-796
4,790
22,282
-1,620
-1,620
-2,225,804
59,836
-2,285,640
-774,345
-6,496
-767,849
U.S.-owned assets abroad (lines 5+6)..........................................................................
Financial derivatives (gross positive fair value)............................................................
U.S.-owned assets abroad, excluding financial derivatives (lines 7+12+17).................
14,381,297
1,238,995
13,142,302
1,289,854
U.S. official reserve assets...........................................................................................
Gold..........................................................................
Special drawing rights.............................................
Reserve position in the International Monetary Fund
Foreign currencies....................................................
219,853
165,267
8,870
5,040
40,676
U.S. government assets, other than official reserve assets.........................................
U.S. credits and other long-term assets 7 ................................................................
Repayable in dollars......................
O ther 8 .................................................................................................................
U.S. foreign currency holdings and U.S. short-term assets......................................
72,189
71,635
71,362
273
554
22,273
-1,629
-1,629
U.S. private assets.......................................................................................................
Direct investment at current cost..............................................................................
Foreign securities...................
Bonds................................
Corporate stocks...............
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns..........
U.S. claims reported by U.S. banks, not included elsewhere....................................
12,850,260
2,935,977
5,604,475
1,275,515
4,328,960
1,163,102
3,146,706
1,267,459
333.271
288,731
170,708
118,023
706
644,751
Foreign-owned assets in the United States (lines 25+26)...............................................
Financial derivatives (gross negative fair value)................................................................
Foreign-owned assets in the Unites States, excluding financial derivatives (lines 27+34)..
16,607,101
1,179,159
15,427,942
2,057,703
Foreign official assets in the United States.......................................................................
U.S. government securities...........................................................................................
U.S. Treasury securities............................................................................................
Other........................................................................................................................
Other U.S. government liabilities 9 ................................................................................
U.S. liabilities reported by U.S. banks, not included elsewhere.....................................
Other foreign official assets...........................................................................................
2,825,628
2,167,112
1,558,317
608,795
18,682
297,012
342,822
411,058
230,330
58,865
171,465
5,342
108,695
66,691
Other foreign assets..........................................................................................................
Direct investment at current cost...................
U.S. Treasury securities................................
U.S. securities other than U.S. Treasury securities.......................................................
Corporate and other bonds.......................
Corporate stocks.......................................
U.S. currency................................................
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns............
U.S. liabilities reported by U.S. banks, not included elsewhere.....................................
12,602,314
2,151,616
567,885
5,372,361
2,824,879
2,547,482
282,627
797,495
3,430,330
1,646,645
237.542
156,825
573,850
391,440
182,410
-10,675
156,290
532,813
138,344
18,628
22,362
97,354
-5,867
103,221
Memoranda:
Direct investment abroad at market value.................................................................................
Direct investment in the United States at market value.............................................................
4,454,635
3,293,739
333.271
237.542
108,353
6,264
Exchange-rate
changes1
(c)
197.683
n
197.683
Net international investment position of the United States (lines 2+3)..........................
Financial derivatives, net (line 5 less line 2 5 )3................................................................
Net international investment position, excluding financial derivatives (line 6 less line 26)..
p Preliminary
r Revised
* Less than $500,000 (+/-)
....Not applicable
1. Represents gains or losses on foreign-currency-denominated assets and liabilities due to their revaluation at current
exchange rates.
2. Includes changes in coverage due to year-to-year changes in the composition of reporting panels, primarily for bank
and nonbank estimates, and to the incorporation of survey results. Also includes capital gains and losses of direct invest
ment affiliates and changes in positions that cannot be allocated to financial flows, price changes, or exchange-rate
changes.
3. Financial flows and valuation adjustments for financial derivatives are available only on a net basis, which is shown
on line 2; they are not separately available for gross positive fair values and gross negative fair values of financial deriva
tives. Consequently, columns (a) through (d) on lines 4,5, and 24,25 are not available.
4. Data are not separately available for the three types of valuation adjustments; therefore, the sum of all three types is
shown in column (d). Price changes result from changes in the value of derivatives contracts due to changes in the value
Position, 2007 p
Valuation adjustments
0(3)
452
225
3,801
154
- 1,021
989
0
60
0
0
0
23,902
94,471
70,015
69,742
273
24,456
-110
17,399
2,133,431
396,851
1,044,211
202,572
841,639
12,925
679,444
14,983,691
3,332,828
6,648,686
1,478,087
5.170.599
1,176,027
3,826,150
(3)
(3)
93,931
3,474,682
1,021,893
2,452,789
20,081,783
2,201,052
17,880,731
15,790
32,002
25,786
6,216
511,402
335,719
139.048
196,671
5,342
108,695
61,646
3,337,030
2,502,831
1,697,365
805,466
24,024
405,707
404,468
14,543,701
2,422,796
734,776
6,132,438
3,299,325
2,833,113
271,952
959,544
4,022,195
5,147,952
3.523.600
9
9
9
0
23,902
367,823
25,579
342,244
3,918
338,326
(*)
(*)
512,490
69,631
413,236
27,946
385,290
12,329
17,294
(3)
(3)
(3)
(3)
222,898
84,554
73,387
54,397
18,990
78,257
0
-14,341
-31,630
0
0
0
0
0
11,167
-16,212
6,895
14,453
-1,136
44,599
1,941,387
271,180
166,891
760,077
474,446
285,631
-10,675
162.049
591,865
267,198
-15,505
-13,945
693,317
229,861
78,257
3,935
52.974
52.974
277,211
218,025
9,476
4,244
45,466
78,141
11,075
-12,296
35.899
35.899
0
0
of their underlying assets or reference rates, which may arise from movements in interest rates, stock prices, commodity
prices, or other variables. Exchange-rate changes result from the revaluation of foreign-currency-denominated derivatives
contracts at current exchange rates. “Other changes” can result when data on investment positions that had accumulated
in prior periods are covered by a new or more complete survey.
5. Reflects changes in the value of the official gold stock due to fluctuations in the market price of gold.
6. Reflects changes in gold stock from U.S. Treasury sales of gold medallions and commemorative and bullion coins;
also reflects replenishment through open market purchases. These demonetizations/monetizations are not included in
international transactions financial flows.
7. Also includes paid-in capital subscriptions to international financial institutions and outstanding amounts of miscella
neous claims that have been settled through international agreements to be payable to the U.S. government over periods
in excess of 1 year. Excludes World War I debts that are not being serviced.
8. Includes indebtedness that the borrower may contractually, or at its option, repay with its currency, with a third
country’s currency, or by delivery of materials or transfer of services.
9. Primarily U.S. government liabilities associated with military sales contracts and other transactions arranged with or
through foreign official agencies.
March 2009
Survey
of
D-65
C u r r e n t B usin ess
Table G.2. U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 2004-2007
[Millions of dollars]
Direct investment position
on a historical-cost basis
2005
2004
All countries, all industries...........................................
2,160,844
2,241,656
2006
2,454,674
Capital outflows without current-cost
adjustment (inflows(-))
2007
2004
2005
2,791,269
294,905
15,369
Income without current-cost
adjustment 1
2006
2007
2004
2005
2006
2007
221,664
313,787
228,165
271,877
308,963
348,791
By country of foreign affiliate
Canada.....................................................................................
214,931
231,836
230,045
257,058
8,135
22,772
23,226
21,685
1,210,679
1,341,116
1,551,165
-29,035
131,430
197,254
22,835
114,349
20,712
1,180,130
24,005
137,319
13,556
Europe......................................................................................
Of which:
France ..............................................................................
Germany...........................................................................
Ireland..............................................................................
Netherlands......................................................................
Switzerland.......................................................................
United Kingdom................................................................
136,038
156,299
176,881
63,359
79,467
72,907
219,384
121,790
330,416
60,526
100,473
55,173
240,205
100,692
351,513
62,003
96,243
71,065
280,514
115,216
375,348
68,454
107,351
87,023
370,160
127,709
398,836
6,988
9,073
8,781
31,455
12,235
42,359
-1,156
7,978
-15,041
-19,284
-8,545
6,269
5,249
5,361
17,587
40,832
11,234
15,252
4,730
8,291
14,572
73,324
11,916
31,181
5,172
6,488
14,227
30,132
14,494
16,258
4,475
6,875
17,082
33,888
15,341
22,836
6,577
8,405
17,757
38,360
13,435
27,176
6,414
9,944
19,386
41,770
16,950
29,635
Latin America and Other Western Hemisphere........................
Of which:
Bermuda...........................................................................
Brazil................................................................................
Mexico..............................................................................
United Kingdom Islands, Caribbean.................................
351,709
379,582
427,397
471,953
32,418
74
40,638
33,718
38,419
48,049
57,752
66,689
100,856
29,485
63,384
82,159
113,222
30,882
73,687
83,164
- 1,000
1,400
9,596
-12,586
18,899
61
8,777
236
6,961
4,114
8,815
-961
10,086
2,624
7,102
7,322
11,547
3,554
8,634
9,239
14,482
5,666
9,363
10,264
16,785
8,324
11,370
11,439
20,356
22,756
148,633
41,552
91,663
90,803
27,764
4,365
2,644
8,435
10,131
Africa........................................................................................
134,613
33,090
83,219
90,060
25,074
1,611
2,564
2,873
2,003
4,256
5,282
6,040
6,030
Middle East...............................................................................
18,963
21,115
25,540
29,370
2,538
3,785
6,184
3,683
4,253
5,110
6,213
7,437
Asia and Pacific........................................................................
Of which:
Australia
Hong Kong........................................................................
Japan................................................................................
Singapore.........................................................................
374,754
375,689
405,502
453,959
97,013
24,426
32,405
54,357
44,053
56,688
59,433
70,071
(D)
75,669
36,415
81,175
76,390
68,484
41,019
92,383
78,436
79,027
47,431
101,607
82,623
(D)
-79
4,133
10,115
2,772
9,296
5,392
15,586
6,141
5,227
4,822
9,527
8,619
6,269
5,056
10,803
15,809
7,355
6,049
8,715
14,738
7,905
8,502
8,313
18,315
32,735
71,005
61,076
(D)
(D)
12,787
(D)
4,688
5,940
3,206
By industry of foreign affiliate
Mining.......................................................................................
102,495
109,280
129,625
147,319
18,185
12,015
19,547
16,335
17,789
24,559
31,073
31,585
Manufacturing
Food.....
Chemicals
Primary ana taDricatea metais..............................................
Machinery.............................................................................
Computers and electronic products......................................
Electrical equipment, appliances, and components..............
Transportation equipment.....................................................
Other manufacturing.............................................................
416,643
28,220
101,794
24,917
21,613
53,084
13,905
53,156
119,955
430,737
27,638
106,975
23,013
26,433
50,773
15,449
50,739
129,716
466,688
30,202
108,567
25,372
32,248
58,800
17,172
52,888
141,438
531,315
33,766
117,963
28,685
37,063
69,912
18,429
65,053
160,444
63,429
867
13,397
3,240
3,771
10,890
664
2,269
28,332
28,121
1,171
3,911
-703
2,077
3,607
1,662
-250
16,645
46,719
2,623
9,846
4,235
3,644
13,256
1,709
55,249
1,142
10,527
10,204
4,260
7,415
1,836
11,768
15,634
46,486
3,906
12,083
2,351
2,214
6,791
1,231
4,230
13,679
46,896
3,558
13,056
1,815
2,253
7,714
1,703
1,936
14,862
55,465
4,024
14,561
2,481
3,182
10,003
1,791
3,911
15,514
65,127
4,210
16,580
3,203
5,334
9,926
1,516
5,370
18,989
Wholesale trade........................................................................
122,719
132,915
158,090
183,038
19,002
12,517
20,124
26,385
23,389
24,494
28,108
30,238
Information................................................................................
56,698
102,848
93,355
111,866
-357
2,831
-4,773
19,120
9,261
10,832
10,728
13,376
Depository institutions (banking)..............................................
61,948
66,707
91,768
-2,329
-4,751
-3,395
463,981
531,933
51,201
13,079
23,295
1,301
27,477
-509
435,256
17,755
35,324
164
Finance (except depository institutions) and insurance.............
70,205
497,266
27,911
32,520
420
40,137
1,201
2,668
Professional, scientific, and technical services..........................
53,964
57,164
69,118
63,791
12,380
10,256
6,805
9,272
760,656
710,386
794,586
927,578
117,214
-2,055
-66,351
10,167
Holding companies (nonbank)..................................................
96,794
115,260
79,844
109,566
10,191
122,785
136,875
Other industries........................................................................
150,466
167,640
175,741
202,661
16,180
19,964
13,187
18,103
15,813
18,184
18,601
22,666
D Suppressed to avoid disclosure of data of individual companies.
1. For 2004 and 2005, income without current-cost adjustment is presented net, or after the deduction, of U.S.
and foreign withholding taxes. For 2006 and 2007, it is presented gross, or before the deduction, of U.S. and
8,367
foreign withholding taxes.
N o te . The data in this table are from tables 15 and 16 in “U.S. Direct Investment Abroad Tables” in the
September 2008 Su rvey o f C u r r e n t Business.
D-66
International Data
March 2009
Table G.3. Selected Financial and Operating Data of Nonbank Foreign Affiliates of U.S. Companies by Country and by Industry of Affiliate, 2006
All nonbank foreign affiliates
Majority-owned nonbank foreign affiliates
Millions of dollars
Total
assets
All countries, all industries..............
By country of affiliate
Canada...........................................................
Europe............................................................
Of which:
France....................................................
Germany.................................................
Netherlands............................................
United Kingdom.......................................
Latin America and Other Western Hemisphere
Of which:
Brazil......................................................
Mexico....................................................
Africa..............................................................
Middle East.....................................................
Asia and Pacific..............................................
Of which:
Australia..................................................
China......................................................
India........................................................
Japan......................................................
By industry of affiliate
Mining.............................................................
Utilities............................................................
Manufacturing.................................................
Of which:
Food.......................................................
Chemicals...............................................
Primary and fabricated metals.................
Machinery...............................................
Computers and electronic products.........
Electrical equipment, appliances, and
components........................................
Transportation equipment........................
Wholesale trade..............................................
Information......................................................
Finance (except depository institutions) and
insurance....................................................
Professional, scientific, and technical services.
Other industries..............................................
Net
income
Sales
Millions of dollars
U.S.
exports of
goods
shipped to
affiliates
U.S.
imports of
goods
shipped by
affiliates
Thousands
of
employees
Sales
Net
income
Value
added
U.S.
exports of
goods
shipped to
affiliates
U.S.
imports of
goods
shipped by
affiliates
Thousands
of
employees
11,539,657
4,731,350
705,766
234,558
302,173
10,935.4
10,756,346
4,123,547
644,290
995,638
226,261
280,348
9,497.8
804,274
7,180,683
518,822
2,381,964
50,410
388,077
74,286
55,653
(D)
64,008
1,100.0
4,502.4
784,732
6,819,419
499,579
2,140,026
48,933
363,746
114,247
540,683
72,776
54,066
96,656
62,927
1,081.9
4,082.6
293,556
504,223
996,367
2,832,181
1,580,460
198,406
327,394
227,673
584,486
554,644
9,566
17,364
89,751
52,822
127,735
(D)
7,047
5,220
5,965
(D)
13,655
51,050
(D)
(D)
651.3
649.2
225.9
1,299.2
2,205.0
275,992
456,294
953,604
2,778,740
1,421,498
186,270
286,134
166,379
555,092
476,244
8,260
14,382
86,361
50,002
115,665
50,013
85,285
26,610
154,818
105,370
4,544
7,004
8,190
13,583
48,725
5,056
5,801
4,520
11,855
61,365
590.5
592.1
213.0
1,191.3
1,847.8
122,118
175,810
135,947
127,153
1,711,140
112,657
181,710
83,185
81,485
1,111,249
6,059
11,377
16,712
17,697
105,135
4,162
38,367
1,518
1,071
50,981
452.2
1,091.7
186.8
103.1
2,838.1
110,822
144,342
127,916
71,845
1,530,935
106,130
148,406
77,908
32,907
896,883
5,420
8,639
15,700
6,902
93,344
24,900
28,353
38,569
13,450
183,319
3,929
36,468
1,405
824
48,465
2,494
45,254
3,723
2,139
53,538
429.5
889.8
158.5
217,737
93,101
31,566
618,763
119,538
111,869
24,022
296,800
15,059
9,785
1,787
14,187
4,718
312.2
696.3
238.0
590.6
205,166
82,712
25,438
540,648
99,106
93,570
20,364
188,014
14,338
8,515
1,510
10,181
39,040
18,413
5,294
39,380
4,659
3,402
565
11,372
2,281
5,241
436
1,450
518,141
100,685
1,851,232
(D)
(D)
(D)
(D)
2,167,695
135,406
155,023
230,544
191.3
50.2
5,203.8
438,168
79,771
1,603,501
198,321
45,247
1,865,257
48,779
1,914
112,900
129,703
11,168
455,497
(D)
(D)
148,440
210,508
167.7
46.1
4,536.3
122,497
460,276
83,141
114,078
227,455
144,181
392,385
71,544
125,258
292,726
8,661
37,078
5,485
8,288
20,280
4,220
23,874
3,981
9,607
26,087
5,412
19,397
6,142
13,575
44,423
456.1
655.6
246.5
429.4
725.9
112,218
410,440
79,723
100,386
212,567
131,344
352,792
67,302
106,814
286,162
7,848
30,464
5,328
7,481
20,182
28,294
86,228
18,881
27,744
47,276
4,038
23,180
3,931
9,046
25,934
5,254
17,393
6,056
12,088
43,832
402.7
579.9
237.7
369.5
691.6
54,711
281,014
642,208
329,031
49,084
450,796
1,072,348
213,634
2,365
6,396
50,330
21,561
3,238
62,704
63,116
(D)
(D)
289.9
1,049.5
792.7
454.3
50,460
251,565
619,652
208,416
43,656
393,166
1,039,785
132,558
2,203
4,084
48,672
9,606
12,115
62,687
142,512
40,607
3,219
59,829
61,903
541
5,707
83,960
49,138
155
249.7
953.4
763.0
331.2
4,334,378
232,093
3,531,889
328,316
141,356
62,971
18,194
(D)
304,205
138,004
400,170
60,135
18,137
344,147
38,043
57,745
120,364
28
(D)
4,239,579
228,874
3,338,384
3,952
(D)
337.6
603.6
3,301.8
292.6
585.5
2,775.5
243,164
60,717
66,028
(D)
48,127
(D)
2,555
61,703
(D)
2,283
5,789
590
12,095
7,548
1,722
(D)
3,957
10,057
(D)
17,973
49,346
155
28
(D)
(D)
D Suppressed to avoid disclosure of data of individual companies.
Note. The data in this table are from “U.S. Multinational Companies: Operations in 2006” in the November 2008 Survey o f
Total
assets
C u rre n t Business.
1,716
(D)
(D)
16,399
(D)
(D)
68.2
2,258.9
277.2
588.7
210.6
278.0
March 2009
Su r v e y
of
D-67
C u r r e n t B u sin ess
Table G.4. Foreign Direct Investment in the United States: Selected Items, by Country of Foreign Parent and by Industry of U.S. Affiliate, 2004-2007
[Millions of dollars]
Direct investment position
on a historical-cost basis
All countries, all industries...............................................................
2004
2005
1,520,316
1,634,121
2006
1,843,885
Capital inflows without current-cost
adjustment (outflows (-))
2007
2004
2005
2,093,049
135,826
2006
104,773
236,701
Income without current-cost
adjustment1
2007
232,839
2004
87,890
2005
2006
2007
110,324
139,137
129,711
By country of foreign parent
Canada.........................................................................................................
125,276
165,667
175,198
213,224
33,164
14,868
18,079
36,927
6,607
6,075
15,211
13,506
Europe.........................................................................................................
Of which:
France..................................................................................................
Germany...............................................................................................
Luxembourg..........................................................................................
Netherlands..........................................................................................
Switzerland...........................................................................................
United Kingdom....................................................................................
1,078,782
1,154,048
1,324,355
1,482,978
80,730
77,896
181,384
144,853
61,377
80,684
91,278
82,019
137,927
164,921
116,479
159,601
122,165
267,209
114,260
177,176
79,680
156,602
133,387
371,350
147,046
204,708
103,944
173,265
134,193
406,337
168,576
202,648
134,310
209,449
155,696
410,787
10,706
7,079
7,301
8,191
12,571
28,137
10,053
4,235
-1,871
6,551
36,132
26,951
40,419
23,558
23,102
1,453
33,194
21,764
-5,316
42,091
24,659
-2,279
13,034
8,401
7,557
1,188
12,553
7,023
18,641
11,218
6,053
2,462
15,743
4,462
33,274
11,925
11,058
3,318
21,467
3,689
27,764
11,559
5,779
4,587
19,763
8,409
18,848
Latin America and Other Western Hemisphere............................................
Of which:
Bermuda...............................................................................................
Mexico..................................................................................................
Panama................................................................................................
United Kingdom Islands, Caribbean.....................................................
Venezuela.............................................................................................
76,268
57,175
62,685
62,955
-2,945
-3,169
9,844
-575
2,988
4,359
6,470
6,672
6,626
7,592
10,408
21,702
5,009
2,147
3,595
10,983
23,063
5,292
8,367
5,332
12,182
24,790
5,391
-519
5,954
12,903
32,807
6,059
-597
-629
1,403
-3,936
624
-5,380
-19
895
-42
308
6,517
-10,077
63
1,281
7,559
-40
-373
17
(D)
197
(D)
-41
(D)
1,173
958
(D)
409
730
1,815
1,404
818
547
833
1,274
1,589
(D)
12,101
1,886
1,659
2,355
-1,350
Africa...........................................................................................................
1,859
2,341
1,814
1,124
-605
323
250
-675
177
204
207
25
Middle East...................................................................................................
7,899
8,306
9,342
12,937
713
1,799
2,308
3,149
488
592
1,232
563
Asia and Pacific............................................................................................
Of which:
Australia................................................................................................
Japan...................................................................................................
230,231
246,585
270,490
319,832
24,769
13,056
24,837
49,161
16,253
18,410
24,739
26,926
40,107
174,490
36,392
189,851
39,730
204,833
49,100
233,148
3,099
17,489
-5,253
14,200
2,825
15,668
9,274
28,775
2,446
12,774
3,919
12,715
5,900
17,351
7,447
17,175
Manufacturing...............................................................................................
Food.........................................................................................................
Chemicals................................................................................................
Primary and fabricated metals..................................................................
Machinery.................................................................................................
Computers and electronic products..........................................................
Electrical equipment, appliances, and components.................................
Transportation equipment.........................................................................
Other manufacturing................
475,214
17,774
140,338
20,351
44,802
29,186
581,101
49,159
148,595
34,543
40,472
44,430
26,428
69,289
168,184
709,545
25,891
217,662
48,475
76,439
69,476
21,530
65,325
184,747
21,005
2,193
11,874
1,976
492
-2,689
2,904
4,233
55,530
2,953
16,678
7,809
7,325
8,009
819
6,271
5,665
93,911
5,300
31,200
8,599
9,579
15,735
4,029
-3,462
22,931
108,113
1,605
38,939
12,348
18,658
12,994
7,045
-65
16,588
34,375
677
9,067
2,780
67,975
144,121
499,851
45,217
123,784
27,164
46,433
31,298
11,037
74,485
140,434
160
610
4,786
15,184
46,215
3,370
13,798
3,532
2,162
2,260
956
4,209
15,928
54,349
4,008
15,366
5,260
1,815
2,443
1,959
3,594
19,905
60,890
2,658
25,879
4,539
2,398
2,901
1,363
1,775
19,377
Wholesale trade...........................
218,443
235,508
256,873
278,353
26,613
19,905
20,443
28,314
24,517
26,188
26,214
23,773
Retail trade.................................
26,554
30,934
32,421
41,591
579
53
3,017
-30
2,043
1,381
2,534
2,889
Information..................................
144,982
102,584
135,119
146,428
15,487
-11,929
27,930
12,224
4,608
2,781
6,103
7,664
Depository institutions (banking)..
122,674
130,184
147,992
141,033
17,902
9,355
15,295
-9,913
4,698
4,374
8,243
-6,351
By industry of U.S. affiliate
10,668
22
1,110
Finance (except depository institutions) and insurance.................................
199,417
214,623
258,657
263,993
31,602
3,925
37,761
5,197
6,249
4,281
7,464
12,762
Real estate and rental and leasing...............................................................
36,987
37,341
44,122
55,277
2,580
1,119
3,204
11,165
1,879
2,444
3,024
2,134
Professional, scientific, and technical services.............................................
44,207
51,546
54,432
62,956
5,850
7,757
7,650
1,223
1,291
2,600
2,731
Other industries............................................................................................
251,836
331,549
333,168
393,873
14,208
19,057
6,469
28,672
70,118
8,298
21,369
28,607
23,220
D Suppressed to avoid disclosure of data of individual companies.
1. For 2004 and 2005, income without current-cost adjustment is presented net, or after the deduction, of U.S.
and foreign withholding taxes. For 2006 and 2007, income is presented gross, or before the deduction, of U.S.
and foreign withholding taxes.
N o te . The data in this table are from tables 15 and 16 in “Foreign Direct Investment in the United States Tables”
in the September 2008 S u rv ey o f C u r r e n t Business.
March 2009
International Data
D-68
Table G.5. Selected Financial and Operating Data of Nonbank U.S. Affiliates of Foreign Companies
by Country of Ultimate Beneficial Owner and by Industry of Affiliate, 2006
All nonbank affiliates
Millions of dollars
Total
assets
All countries, all industries.............................................................
Sales
7,908,487 3,083,440
Majority-owned nonbank affiliates
Millions of dollars
Net
income
Thousands
U.S.
U.S.
of
exports of imports of
employees
goods
goods
shipped by shipped to
affiliates
affiliates
176,329
5,800.6
204,880
15,925
519.4
9,249
Millions of dollars
Total
assets
Sales
493,835 6,807,654 2,795,143
Millions of dollars
Thousands
U.S.
U.S.
of
exports of imports of
employees
goods
goods
shipped by shipped to
affiliates
affiliates
Net
income
Value
added
134,257
614,685
5,330.5
195,292
482,363
13,844
56,738
457.4
9,052
19,242
87,276
392,437
3,590.6
107,843
201,406
18,772
8,529
14,568
58,937
67,918
45,784
11,206
50,113
120,265
496.6
664.4
445.2
179.4
416.1
908.8
12,439
42,869
14,586
5,110
6,949
16,395
18,736
68,306
33,440
7,582
16,575
34,344
13,265
(D)
(D)
4,542
4,575
By country of ultimate beneficial owner
Canada......................................................................................................
Europe.......................................................................................................
Of which:
France ................................................................................................
Germany
Netherlands
Sweden.
Switzerland
United Kingdom
Latin America and Other Western Hemisphere..........................................
Of which:
Bermuda.............................................................................................
Mexico................................................................................................
United Kingdom Islands-Caribbean...................................................
Venezuela...........................................................................................
654,057
209,462
5,281,330 1,809,158
107,395
3,787.3
112,565
23,886
9,139
18,631
13,166
(D)
(D)
(D)
184,227
455,815
7,765
40,552
527.2
684.0
472.3
180.1
438.7
995.5
207,073
9,750
418.6
74,798
33,046
4,056
438
(D)
(D)
(D)
(D)
M
M
29.4
5.1
815,169
675,495
767,542
31,687
1,427,268
1,282,694
235,721
380,546
335,107
(D)
(D)
(D)
(D)
(D)
(D)
(D)
5,112
(D)
(D)
19,398
610,167
19,487
776,525
68,587
667,703
33,500
724,446
7,582
31,486
16,719 1,404,231
(D) 1,174,039
206,940
371,499
314,751
43,329
176,844
403,060
7,715
30,443
1,220
(D)
319,028
189,396
8,972
50,030
358.3
(D)
73,219
24,881
16,062
3,968
390
1,059
25,438
5,914
4,484
970
163
(D)
(D)
(D)
193.8
58.8
28.8
H
(D)
(D)
(D)
681
163
4,679
1,762
195,986
18,657
73,248
(D)
(D)
(D)
(D)
(D)
196,051
203,944 5,053,338 1,686,212
Africa.........................................................................................................
(D)
(D)
(D)
8.5
501
681
4,494
7,488
153
1,086
8.5
501
Middle East.................................................................................................
65,992
68,611
3,282
80.1
747
(D)
62,058
66,124
2,893
12,729
72.7
744
(D)
Asia and Pacific..........................................................................................
Of which:
Australia..............................................................................................
Japan..................................................................................................
Korea, Republic of..............................................................................
775,996
678,747
23,345
863.7
65,693
210,568
726,656
625,274
19,708
93,625
788.1
61,292
203,783
101,296
612,110
22,652
32,634
544,994
5,526
16,329
1,088
53,115
(D)
164,881
(D)
(D)
62.0
691.4
19.7
(D)
(D)
94,484
580,259
22,052
28,259
504,876
50,961
5,310
13,261
471
7,992
75,800
2,785
59.1
631.0
18.7
994
49,789
8,791
1,755
159,412
34,810
United States..............................................................................................
768,528
(D)
(D)
122.9
(D)
4,489
31,914
24,597
1,411
8,041
54.9
2,595
4,477
1,312,819 1,183,649
50,798
2,166.0
116,512
182,721 1,224,595 1,100,669
44,217
266,893
2,057.8
108,554
173,867
4,854
11,028
5,050
2,123
1,062
1,104
2,173
15,466
58,953
19,298
13,667
20,198
13,563
37,461
128.7
287.8
157.4
138.8
168.7
146.5
420.3
6,634
19,481
5,469
7,932
3,068
33,617
7,216
8,018
(D)
(D)
6,339
36,033
6,148
59,277
By industry of U.S. affiliate
Manufacturing.............................................................................................
Of which:
Food...................................................................................................
Chemicals...........................................................................................
Primary and fabricated metals...........................................................
Machinery...........................................................................................
Computers and electronic products....................................................
Electrical equipment, appliances, and components............................
Transportation equipment...................................................................
86,668
292,115
75,879
80,439
94,651
51,490
278,926
66,931
230,049
90,080
56,597
68,781
49,245
258,875
4,968
13,439
5,954
2,217
1,048
1,095
2,418
131.9
312.6
166.7
142.8
176.5
147.0
434.7
6,687
22,829
5,939
8,039
11,316
6,352
36,412
3,076
34,577
8,008
9,044
14,242
6,169
61,919
85,474
266,995
68,842
79,033
51,361
274,463
64,589
212,418
77,981
53,512
63,940
49,111
246,663
Wholesale trade..........................................................................................
570,518
884,850
31,282
632.3
79,080
297,638
562,140
863,364
28,790
106,868
618.7
78,029
295,190
Retail trade.................................................................................................
75,062
157,497
1,566
632.5
578
(D)
69,449
146,128
1,301
31,822
564.0
578
5,711
Information..................................................................................................
Of which:
Publishing industries..........................................................................
Telecommunications...........................................................................
380,311
145,393
14,572
333.7
1,307
(D)
207,114
81,894
3,888
33,360
223.5
972
235
(D)
(D)
35,861
2,628
(D)
(D)
(D)
185
(D)
122.5
M
67,757
82,003
31,239
26,966
1,884
1,359
14,657
8,300
106.6
47.2
455
4
185
5
Finance (except depository institutions) and insurance...............................
4,716,284
(D)
(D)
285.6
(D)
(D) 3,957,790
257,764
18,155
40,914
215.1
(D)
(D)
Real estate and rental and leasing.............................................................
134,536
38,108
7,582
47.6
(D)
541
34,883
6,459
15,955
46.0
(D)
541
Professional, scientific, and technical services...........................................
108,739
65,803
708
219.2
(D)
(D)
101,387
61,360
722
22,531
202.4
(D)
(D)
1,483.8
6,626
6,554
569,234
249,082
30,724
96,342
1,402.9
6,382
6,547
Other industries..........................................................................................
610,218
(D)
(D)
D Suppressed to avoid disclosure of data of individual companies.
N o te s. The data in this table are from BEA’s annual survey of the operations of U .S . affiliates of foreign
companies; see “U .S . Affiliates of Foreign Companies: Operations in 2006” in the August 2008 S u rvey o f C u r r e n t
B usiness .
(D)
(D)
115,945
The following ranges are given in employment cells that are suppressed: A— 1 to 499; F—500 to 999;
G—1,000 to 2,499; H—2,500 to 4,999; 1—5,000 to 9,999; J—10,000 to 24,999; K—25,000 to 49,999; L—50,000
to 99,999; M—100,000 or more.
D-69
March 2009
H. Charts
THE U.S. IN THE INTERNATIONAL ECONOMY
COMPONENTS OF CURRENT ACCOUNT BALANCE
BALANCE ON CURRENT ACCOUNT
Services,//
Income,
Unilateral transfers
EXPORTS AND IMPORTS OF GOODS AND SERVICES
CAPITAL FLOWS ON U.S. DIRECT
INVESTMENT ABROAD (OUTWARD)
AND FOREIGN DIRECT INVESTMENT
IN THE UNITED STATES (INWARD)
Inward
Outward J
J ii
NET INTERNATIONAL INVESTMENT POSITION
SECURITIES TRANSACTIONS
VALUED AT CURRENT COST
Net foreign purchases of U.S. securities
Foreign assets in the United States
U.S. assets abroad
Net U.S. purchases of foreign securities
U.S. Bureau of Economic Analysis
Net investment position
March 2009
D-70
Regional Data
I. State and Regional Tables
The tables in this section include the most recent estimates of state personal income and gross domestic product by
state. The sources of these estimates are noted.
The quarterly and annual estimates of state personal income and the estimates of gross domestic product by state
are available online at www.bea.gov. For information on state personal income, e-mail reis@bea.gov; write to the
Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Commerce,
Washington, DC 20230; or call 202-606-5360. For information on gross domestic product by state, e-mail
gdpbystate@bea.gov; write to the Regional Product Division, BE-61, Bureau of Economic Analysis, U.S. Department
of Commerce, Washington, DC 20230; or call 202-606-5340.
Table 1.1. Personal Income by State and Region
[Millions of dollars, seasonally adjusted at annual rates]
2004
2007
2006
2005
Percent
change1
2008
Area
IV
United States
New England........
Connecticut.......
Maine.................
Massachusetts...
New Hampshire
Rhode Island.....
Vermont.............
I
II
III
IV
I
II
IV
III
I
II
III
IV
lr
II'
HIP
10,013,509 10,032,018 10,170,092 10,268,993 10,540,294 10,761,825 10,898,010 11,041,447 11,207,967 11,441,897 11,545,164 11,699,803 11,839,420 11,933,709 12,125,277 12,131,245
648,315
664,200
668,297
677,233
686,529
691,988
698,265
579,617
586,406
598,099
622,914
630,240
636,449
701,493
583,516
607,945
189,817
196,044
197,407
183,751
190,820
194,193
195,448
198,333
164,945
168,503
172,474
176,942
178,406
180,573
164,622
162,391
42,974
46,664
42,720
44,155
44,506
44,946
45,335
45,961
46,753
40,582
40,127
40,511
41,099
41,668
42,280
39,781
305,029
311,792
327,142
330,318
332,341
281,425
296,768
298,742
313,600
318,065
324,360
272,128
272,658
275,266
285,586
292,743
53,674
52,094
53,804
54,632
55,913
56,360
56,549
48,323
49,112
51,084
51,432
54,548
55,280
48,353
47,666
49,593
40,382
41,895
42,459
43,030
43,385
37,632
38,091
38,897
39,753
40,613
41,699
41,981
43,323
37,558
37,223
38,559
21,937
22,144
22,867
23,124
23,897
24,131
24,194
20,457
20,634
21,601
23,416
23,648
19,898
20,113
21,580
20,273
1,979,815 2,006,629 2,028,576 2,066,288
33,312
32,796
33,113
33,533
2,119,288
34,255
34,151
248,051
405,653
849,228
457,961
34,497
251,085
412,538
870,988
463,869
35,410
258,002
423,373
893,264
474,983
1,603,345
492,734
202,754
334,168
380,466
193,223
1,617,486
499,485
204,425
335,119
382,967
195,490
Mideast.................
Delaware...........
District of
Columbia.......
Maryland............
New Jersey........
New York............
Pennsylvania.....
1,847,325
30,436
1,847,305
30,020
1,869,246
30,290
1,905,309
30,813
1,940,602
32,213
30,135
225,630
371,430
764,467
425,227
31,088
227,601
369,446
767,135
422,014
31,627
230,910
373,057
776,902
426,460
32,234
234,869
379,883
795,381
432,130
32,549
238,343
384,916
815,161
437,419
33,260
242,189
397,395
826,761
447,414
33,676
244,844
403,356
838,810
452,829
Great Lakes..........
Illinois................
Indiana...............
Michigan............
Ohio...................
Wisconsin..........
1,513,450
456,790
190,708
325,666
361,190
179,097
1,500,668
454,318
187,854
322,130
357,972
178,393
1,514,629 1,532,237
459,371
466,891
192,392
190,183
324,512
326,278
360,582
364,038
179,981
182,639
1,546,101
471,887
194,119
328,240
368,214
183,640
1,570,304
481,939
198,722
328,962
371,902
188,779
1,587,927
487,643
200,419
332,366
376,867
190,633
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.....
650,257
659,783
665,992
684,285
690,090
701,676
649,038
643,219
676,101
97,344
99,255
91,312
92,742
94,063
95,560
96,450
93,261
94,729
98,034
94,282
95,642
87,451
88,982
92,984
86,772
86,283
89,713
203,360
191,605
197,040
199,521
201,081
187,912
188,538
193,129
189,495
192,545
177,107
179,376
181,618
183,947
186,749
188,863
190,146
178,742
59,752
61,323
56,979
56,304
57,203
57,999
58,637
58,811
59,613
20,562
20,200
20,445
21,056
19,292
19,639
19,973
20,405
20,050
25,317
25,431
25,563
26,103
24,662
24,973
24,908
25,111
24,498
2,252,177 2,276,751 2,313,100 2,262,851 2,406,190 2,449,076 2,482,445 2,517,026 2,553,097
142,872
132,886
133,373
138,452
140,779
144,460
130,174
130,753
137,943
74,347
76,669
78,027
80,359
81,678
73,277
73,279
75,143
79,258
683,248
588,191
594,560
607,067
621,679
634,328
652,955
663,229
674,619
286,092
298,512
302,435
307,563
276,815
281,028
292,928
295,053
272,528
118,869
121,917
123,344
124,708
126,321
114,697
114,641
116,384
117,746
143,066
46,335
136,176
138,174
140,436
125,500
127,493
128,878
140,550
79,803
73,539
68,553
78,560
77,248
77,968
78,768
71,335
72,495
287,342
262,932
270,551
279,324
282,649
292,566
258,794
266,445
274,245
130,702
132,460
116,927
119,238
121,111
123,077
127,364
128,940
117,453
185,424
194,554
196,136
199,189
178,717
179,670
182,056
187,828
190,955
307,908
311,425
283,937
289,075
292,843
302,059
304,828
275,290
279,906
50,739
51,319
46,753
47,295
47,770
48,349
49,545
50,209
46,746
Southwest............
Arizona..............
New Mexico.......
Oklahoma..........
Texas .................
1,043,117
170,893
51,298
103,173
717,753
1,067,424
175,605
52,115
103,876
735,828
1,085,659
180,328
53,035
105,512
746,785
1,113,460
185,642
53,851
107,583
766,384
1,137,939
188,683
54,505
110,007
784,743
1,164,943
194,707
55,726
114,686
799,824
1,183,408
197,368
56,401
115,890
813,748
1,204,556
201,332
57,249
117,773
828,201
Rocky Mountain....
Colorado............
Idaho.................
Montana............
Utah...................
Wyoming............
318,608
168,584
39,362
26,656
65,634
18,372
324,157
171,305
39,716
26,812
67,451
18,873
329,562
173,811
40,424
27,223
68,828
19,276
336,598
177,050
41,234
27,815
70,604
19,895
342,056
179,296
42,037
28,235
72,093
20,396
351,417
185,227
43,075
28,645
73,352
21,119
355,818
186,020
44,122
28,986
74,771
21,919
363,262
190,057
44,528
29,648
76,300
22,730
Far West................
Alaska................
California...........
Hawaii................
Nevada..............
Oregon..............
Washington..
1,806,279
23,015
1,302,488
42,346
84,313
112,080
242,037
1,792,878
23,601
1,306,682
43,196
86,925
1,821,233 1,860,654
24,340
23,859
1,326,949 1,357,686
43,787
44,288
89,666
90,915
111,668
113,344
115,669
227,757
220,806
223,628
1,893,469
24,692
1,380,012
45,176
92,584
116,890
234,115
1,947,255
25,274
1,420,391
46,255
93,721
121,283
240,331
1,967,257
25,822
1,432,731
47,008
95,861
122,488
243,346
1,998,143
26,080
1,454,902
47,780
97,165
124,579
247,637
p Preliminary
r Revised
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
1,226,449
204,512
58,071
119,082
844,784
2,121,774 2,151,449 2,178,120 2,203,556 2,224,062 2,230,974
34,841
34,947
35,392
35,743
34,519
35,793
0.0
0.5
0.5
0.2
0.6
0.3
- 0.1
0.3
0.3
0.1
37,996
273,199
442,150
937,678
504,158
0.7
0.4
0.4
0.3
0.3
1,662,578 1,669,877 1,687,081 1,703,989 1,714,583 1,741,741 1,741,641
517,209
539,072
547,789
521,232
528,006
537,231
548,473
218,505
207,896
209,038
211,225
213,276
215,391
218,000
343,925
355,579
355,841
344,263
347,461
347,893
350,160
392,984
393,662
396,729
399,464
402,791
409,583
408,858
200,564
210,285
201,682
203,660
206,126
207,169
210,470
718,886
738,141
758,572
769,750
728,701
748,598
769,073
101,523
103,087
104,915
106,368
107,921
109,718
109,482
99,456
101,404
103,376
104,628
106,605
106,492
100,869
208,947
220,671
214,030
216,643
221,591
222,078
212,145
196,440
198,204
203,558
205,288
209,205
200,891
208,681
67,331
62,543
63,760
64,844
65,735
66,036
67,080
22,338
22,592
23,781
24,386
25,182
25,211
23,291
27,639
29,137
29,642
30,118
30,049
28,043
28,766
2,597,089 2,627,405 2,659,895 2,683,231 2,699,866 2,756,824 2,745,239
147,571
150,854
154,021
158,611
149,020
152,350
157,205
87,407
83,153
84,260
85,431
88,466
90,015
89,306
689,443
694,417
705,336
708,060
711,068
721,956
719,883
315,471
320,704
325,893
332,637
317,353
322,273
330,135
133,754
128,776
130,274
130,851
132,435
137,125
136,739
146,435
157,035
161,296
154,686
155,783
157,375
159,733
88,444
80,601
83,424
84,571
84,462
85,022
87,013
300,735
312,139
319,800
302,806
306,303
310,249
318,843
143,814
134,432
139,334
140,370
143,179
135,879
137,761
209,567
202,023
204,118
206,166
210,786
214,491
213,710
316,107
322,806
324,723
327,813
332,738
318,455
333,545
52,343
52,714
53,328
53,936
54,559
55,896
55,946
1,251,682 1,269,327 1,289,223 1,308,620 1,327,754 1,357,883 1,358,839
205,894
215,533
207,005
210,081
211,199
212,953
214,789
59,096
61,476
62,509
64,073
59,738
60,839
63,933
123,076
125,081
127,527
129,435
131,124
135,016
135,225
863,617
877,502
890,776
906,509
921,167
943,262
944,892
0.0
35,716
261,106
425,063
887,029
478,341
36,545
263,151
428,439
904,449
484,023
36,806
266,027
433,820
917,303
489,216
37,359
268,279
439,956
928,865
493,705
37,738
272,179
440,552
935,060
502,791
2008:ll2008:lll
368,584
392,394
395,002
400,623
373,970
379,795
385,398
401,576
208,774
191,551
194,703
197,395
200,794
204,766
206,383
209,969
46,704
48,277
49,095
45,830
47,176
47,739
48,525
48,952
31,117
30,138
31,461
31,990
32,426
32,691
33,253
33,244
81,657
77,899
77,646
79,387
80,122
81,233
83,150
82,701
25,444
26,350
23,165
23,800
24,753
25,995
26,711
24,375
2,026,072 2,054,204 2,079,988 2,111,383 2,137,940 2,142,389 2,176,130 2,182,409
26,889
26,523
27,224
27,390
27,673
29,062
29,615
29,844
1,473,240 1,491,280 1,510,395 1,529,991 1,547,832 1,548,576 1,575,481 1,579,156
48,308
49,247
49,711
51,649
50,557
51,003
52,426
52,556
99,134
99,466
100,161
102,311
104,920
104,730
105,073
105,369
128,679
126,462
130,207
133,871
134,586
136,915
132,288
137,290
258,643
268,847
272,642
273,787
252,405
262,289
276,620
278,195
0.1
- 0.2
0.1
- 0.2
0.1
-0.1
- 0.2
- 0.1
0.2
-0.3
-0.4
0.1
- 0.2
-0.4
-0.9
- 0.8
-0.3
- 0.8
-0.3
- 1.0
- 1.6
-0.3
-0.4
-0.4
0.2
0.1
0.1
-0.3
- 0.2
0.2
0.2
0.2
0.6
-0.3
0.0
-0.5
1.4
0.3
0.8
0.2
0.2
0.3
0.3
0.6
from the estimate of personal income in the national income and product accounts because of differences in coverage, in
the methodologies used to prepare the estimates, and in the timing of the availability of source data.
Source: Table 1 “Personal Income by State and Region” in the “Quarterly Regional Report”.
March 2009
Su r v e y
of
C
urrent
D-71
B u s in e s s
Table 1.2. Annual Personal Income and Per Capita Personal Income by State and Region
Per capita personal income1
Personal income
Area name
Percent
change2
Millions of dollars
2002
2003
2004
2005r
2006r
2007r
2006-2007
Rank in
United
States
Dollars
2002
2003
2004
2005r
2006r
2007r
United States....
8,872,871
9,150,320
9,711,363
10,252,849
10,977,312
11,631,571
6.0
30,821
31,504
33,123
34,650
36,744
38,564
New England............
Connecticut...........
Maine.....................
Massachusetts......
New Hampshire.....
Rhode Island.........
Vermont.................
528,030
146,997
35,998
249,954
43,393
33,635
18,051
538,413
148,777
37,533
253,993
44,327
35,072
18,711
569,244
159,337
39,488
266,635
47,190
36,818
19,776
593,017
167,078
40,380
278,734
48,674
37,876
20,275
634,480
179,918
42,411
298,321
52,104
39,911
21,816
674,065
192,570
44,735
316,954
54,533
42,008
23,264
6.2
7.0
5.5
37,364
42,585
27,816
38,862
34,109
31,527
29,339
37,950
42,839
28,795
39,449
34,554
32,697
30,321
40,058
45,762
30,169
41,444
36,460
34,318
31,959
41,711
47,922
30,772
43,355
37,352
35,507
32,716
44,558
51,468
32,254
46,363
39,718
37,594
35,142
47,256
54,984
33,962
49,142
41,444
39,712
37,446
Mideast.....................
Delaware...............
District of Columbia
Maryland...............
New Jersey............
New York...............
Pennsylvania.........
1,648,005
26,530
25,786
198,824
337,009
677,604
382,251
1,690,345
27,395
26,914
205,737
342,858
693,533
393,908
1,794,306
29,331
29,203
220,127
361,822
739,969
413,855
1,890,616
30,834
31,875
232,931
376,826
788,645
429,506
2,020,327
33,188
33,896
246,542
404,736
846,447
455,518
2,142,658
34,641
36,119
262,072
427,674
900,511
481,641
6.1
4.4
6.3
5.7
6.4
5.7
35,203
32,962
44,521
36,590
39,378
35,416
31,063
35,944
33,581
46,607
37,447
39,844
36,107
31,954
38,020
35,438
50,383
39,751
41,872
38,423
33,514
39,985
36,683
54,763
41,795
43,526
40,942
34,729
42,631
38,919
57,896
44,010
46,703
43,898
36,727
Great Lakes..............
Illinois....................
Indiana...................
Michigan................
Ohio......................
Wisconsin..............
1,386,117
413,711
172,474
303,465
333,158
163,309
1,428,321
426,877
178,675
313,503
341,146
168,120
1,476,856
445,151
186,210
318,736
352,103
174,655
1,523,409
463,117
191,137
325,290
362,701
181,163
1,594,765
490,450
201,580
332,654
378,051
192,031
1,680,881
525,920
210,359
345,885
395,710
203,008
5.4
7.2
4.4
4.0
4.7
5.7
30,375
32,891
28,040
30,214
29,186
29,992
31,189
33,811
28,891
31,116
29,831
30,705
32,130
35,106
29,943
31,550
30,744
31,697
33,057
36,410
30,547
32,182
31,650
32,698
Plains........................
Iowa......................
Kansas..................
Minnesota.............
Missouri................
Nebraska..............
North Dakota.........
South Dakota.........
576,806
82,398
78,606
166,968
161,104
50,390
16,743
20,596
598,619
83,920
81,116
173,498
166,129
53,391
18,179
22,386
630,728
90,436
84,642
183,821
173,906
55,424
18,645
23,853
654,813
93,211
88,107
190,296
180,512
57,536
20,054
25,096
688,038
97,152
95,235
200,250
189,576
59,875
20,528
25,421
733,581
103,973
101,276
212,941
199,773
64,220
23,001
28,396
6.6
7.0
6.3
6.3
5.4
7.3
29,638
28,112
28,980
33,256
28,382
29,203
26,415
27,029
30,618
28,583
29,802
34,339
29,115
30,778
28,712
29,191
32,078
30,698
30,995
36,145
30,272
31,781
29,279
30,813
33,123
31,537
32,136
37,212
31,188
32,802
31,535
32,172
34,505
38,385
31,983
32,928
32,979
34,460
34,557
32,683
34,558
38,849
32,475
33,947
32,203
32,241
45,120
40,058
61,397
46,646
49,238
46,664
38,740
36,274
40,919
33,152
34,342
34,509
36,241
Southeast................
Alabama...............
Arkansas ...............
Florida..................
Georgia.................
Kentucky...............
Louisiana..............
Mississippi............
North Carolina......
South Carolina......
Tennessee............
Virginia .................
West Virginia........
1,973,853
113,835
63,234
495,489
244,957
103,866
112,744
63,979
228,684
104,046
159,173
240,534
43,312
2,040,368
118,356
66,476
514,378
250,806
106,319
115,695
66,305
234,983
107,203
165,402
250,605
43,841
2,183,763
126,270
70,701
565,681
264,854
111,847
122,346
69,700
250,921
113,603
174,636
267,521
45,686
2,314,723
133,739
74,860
614,408
284,216
116,910
110,814
73,287
268,543
183,745
286,440
47,542
2,500,411
141,641
79,831
668,513
300,891
124,073
139,463
78,447
285,470
129,866
195,209
306,555
50,453
2,641,905
149,949
85,327
699,314
318,950
130,584
153,570
83,265
305,023
136,851
205,469
320,523
53,080
27,740
25,461
23,391
29,727
28,513
25,401
25,248
22,377
27,488
25,348
27,435
33,033
24,061
28,355
26,371
24,440
30,330
28,696
25,843
25,861
23,116
27,904
25,852
28,257
34,001
24,313
29,935
28,007
25,776
32,618
29,688
27,017
27,261
24,144
29,387
27,039
29,539
35,841
25,316
31,276
29,460
27,004
34,642
31,206
28,029
24,649
25,267
30,941
28,254
30,679
37,901
26,330
33,397
30,857
28,418
37,021
32,208
29,510
32,867
27,059
32,186
29,992
32,134
40,124
27,895
34,825
32,401
30,100
38,316
33,416
30,787
35,770
28,527
33,663
31,048
33,373
41,561
29,293
Southwest...............
Arizona.................
New Mexico...........
Oklahoma.............
Texas ....................
Rocky Mountain......
Colorado...............
Idaho....................
Montana...............
Utah......................
Wyoming...............
905,918
144,150
44,987
90,178
626,604
939,250
150,582
46,650
92,599
649,419
1,009,685
164,923
49,813
100,024
694,925
1,101,120
182,564
53,377
106,745
758,435
1,194,839
199,480
56,862
116,858
821,639
1,279,713
208,545
60,287
126,280
884,601
7.1
4.5
27,865
26,474
24,310
25,872
28,835
28,432
26,989
24,945
26,457
29,404
30,043
28,710
26,326
28,444
30,948
32,151
30,672
27,854
30,189
33,201
34,048
32,353
29,275
32,664
35,101
35,716
32,900
30,604
34,910
37,006
283,369
153,066
33,849
22,819
58,172
15,463
289,654
154,829
34,816
24,177
59,412
16,420
308,950
163,736
38,079
25,813
63,565
17,756
333,093
175,366
40,853
27,521
69,744
19,610
359,770
188,214
44,389
29,354
75,580
22,233
382,889
199,414
47,536
31,749
79,597
24,593
6.4
29,535
33,956
25,221
25,068
24,893
31,101
29,833
33,989
25,524
26,353
25,034
32,882
31,328
35,523
27,361
27,854
26,149
35,283
33,154
37,522
28,650
29,410
27,842
38,713
35,034
39,489
30,323
31,004
29,300
43,360
36,511
41,019
31,703
33,145
30,090
47,038
Far West...................
Alaska...................
California..............
Hawaii...................
Nevada.................
Oregon.................
Washington...........
1,570,773
20,722
1,147,716
36,370
66,632
101,882
197,452
1,625,348
21,184
1,187,040
37,837
71,183
105,161
202,942
1,737,831
22,434
1,265,970
41,027
80,250
109,718
218,432
1,842,058
24,123
1,342,832
44,112
90,022
114,393
226,576
1,984,682
25,925
1,445,316
47,338
96,470
123,703
245,930
2,095,879
27,294
1,519,875
50,130
101,714
131,261
265,605
32,330
32,243
32,826
29,599
30,739
28,931
32,573
33,047
32,543
33,554
30,506
31,802
29,565
33,166
34,938
33,906
35,440
32,713
34,442
30,621
35,289
36,667
36,036
37,311
34,800
37,370
31,513
36,132
39,096
38,268
39,871
37,022
38,705
33,514
38,578
40,854
39,934
41,580
39,060
39,649
35,027
41,062
120,220
r Revised
1. Per capita personal income was computed using midyear population estimates of the Census Bureau.
2. Percent change was calculated from unrounded data.
Note. The personal income level shown for the United States is derived as the sum of the state estimates. It differs
6.2
4.7
5.3
6.6
6.6
12.0
11.7
5.7
5.9
6.9
4.6
6.0
5.2
10.1
6.1
6.8
5.4
5.3
4.6
5.2
6.0
8.1
7.7
6.0
7.1
8.2
5.3
10.6
5.6
5.3
5.2
5.9
5.4
6.1
8.0
36,587
34,796
36,483
40,969
33,984
36,189
35,955
35,664
2007
1
35
3
9
16
21
14
6
2
5
19
13
39
33
32
24
31
23
12
34
25
26
28
42
47
20
37
45
27
50
36
44
38
8
49
41
46
30
22
11
43
40
48
4
15
7
18
17
29
10
from the estimate of personal income in the national income and product accounts because of differences in coverage, in
the methodologies used to prepare the estimates, and in the timing of the availability of source data.
Source: Table 2 in “State Personal Income: Second Quarter of 2008 and Revised Statistics for 2005-2007’ in the
October 2008 Survey o f C u rre n t Business.
D-72
Regional Data
March 2009
Table 1.3. Disposable Personal Income and Per Capita Disposable Personal Income by State and Region
Per capita disposable personal income1
Disposable personal income
Area name
Percent
change2
Millions of dollars
2002
2006r
2007r
United States..........................
7,822,136
8,150,333
8,666,164
9,046,313
9,625,456
10,140,209
New England...................................
Connecticut..................................
Maine...........................................
Massachusetts.............................
New Hampshire............................
Rhode Island................................
Vermont.......................................
454,473
123,813
31,984
214,288
38,709
29,644
16,036
468,091
126,684
33,713
219,666
39,979
31,192
16,857
495,549
135,760
35,562
230,805
42,764
32,799
17,859
509,844
139,793
36,049
238,706
43,670
33,533
18,093
542,198
149,512
37,712
253,939
46,501
35,156
19,377
571,515
158,363
39,644
267,608
48,389
36,912
20,598
Mideast...........................................
Delaware.....................................
District of Columbia......................
Maryland.....................................
New Jersey...................................
New York......................................
Pennsylvania................................
1,422,594
23,183
22,308
171,570
291,335
576,527
337,670
1,474,695
24,183
23,436
178,801
299,674
597,414
351,187
1,565,954
25,898
25,459
191,478
317,360
635,806
369,952
1,631,208
26,850
27,610
200,988
325,974
670,014
379,771
1,730,438
28,924
29,117
211,748
348,732
711,649
400,268
1,819,779
30,195
30,900
223,329
365,509
748,746
421,100
Great Lakes....................................
Illinois..........................................
Indiana.........................................
Michigan......................................
Ohio.............................................
Wisconsin....................................
1,221,717
362,767
153,422
269,198
292,555
143,775
1,321,238
397,414
168,139
287,282
312,785
155,619
1,352,062
409,111
171,102
291,484
320,225
160,141
1,407,393
429,691
179,588
297,233
332,220
168,661
1,478,281
458,797
186,512
308,311
346,986
177,676
Plains..............................................
Iowa
Kansas
Minnesota....................................
Missouri
Nebraska
North Dakota................................
South Dakota................................
512,013
74,161
70,049
145,240
143,294
45,123
15,266
18,879
1,273,948
379,815
160,676
281,273
302,840
149,343
537,211
76,099
73,094
152,623
149,429
48,403
16,745
20,819
568,066
82,341
76,496
162,522
157,119
50,242
17,170
22,177
608,645
86,898
84,301
174,099
168,447
53,210
18,556
23,135
646,102
92,689
89,018
184,275
176,597
56,904
20,782
25,838
Southeast.......................................
Alabama......................................
Arkansas......................................
Florida..........................................
Georgia.........................................
Kentucky.......................................
Louisiana......................................
Mississippi....................................
North Carolina..............................
South Carolina..............................
Tennessee....................................
Virginia........................................
West Virginia................................
1,762,224
102,725
56,919
443,369
216,481
92,299
102,141
58,542
202,246
93,514
145,548
209,201
39,240
1,840,485
107,741
60,504
466,917
223,843
95,199
105,959
61,165
209,846
97,135
152,470
219,705
40,001
1,971,328
115,175
64,474
510,652
236,929
100,610
112,259
64,519
224,854
103,253
161,480
235,246
41,877
583,877
84,085
78,706
166,379
161,485
51,710
18,364
23,148
2,065,421
121,054
67,759
545,868
252,479
104,423
98,733
67,756
238,288
107,822
168,826
249,258
43,156
2,221,432
127,076
71,984
593,153
265,243
110,795
125,341
71,796
251,115
115,854
177,845
265,561
45,668
2,335,070
134,023
76,656
617,463
279,545
116,035
137,700
75,913
266,601
121,566
186,231
275,486
47,852
Southwest.......................................
Arizona.........................................
New Mexico..................................
Oklahoma....................................
Texas...........................................
818,959
129,279
40,631
81,087
567,962
857,087
136,028
42,493
83,929
594,637
925,182
149,109
45,555
90,998
639,520
996,905
162,681
48,396
95,964
689,865
1,073,596
176,963
51,092
104,220
741,321
1,143,907
184,226
53,953
112,563
793,165
6.5
4.1
5.6
Rocky Mountain..............................
Colorado
Idaho
Montana
Utah
Wyoming
Far West
Alaska
California
Hawaii
Nevada
Oregon........................................
Washington...................................
251,784
134,727
30,512
20,572
52,123
13,850
1,378,371
18,684
1,001,232
32,308
59,195
89,801
177,151
259,930
137,882
31,603
21,981
53,574
14,890
1,438,886
19,269
1,044,737
33,841
63,811
93,365
183,863
277,937
146,185
34,662
23,486
57,451
16,153
1,540,910
20,561
1,115,556
36,712
71,698
97,346
199,037
295,902
154,895
36,584
24,763
62,109
17,551
1,611,094
21,985
1,166,007
39,004
79,524
100,038
204,535
316,200
164,555
39,376
26,194
66,590
19,484
1,725,556
23,517
1,247,072
41,752
85,255
107,659
220,301
333,610
172,802
41,906
28,193
69,315
21,395
1,811,944
24,627
1,303,723
44,103
89,155
113,868
236,468
2003
2004
2005r
r Revised
1. Per capita disposable personal income was computed using midyear population estimates of the Census Bureau.
2. Percent change was calculated from unrounded data.
N ote. The personal income level shown for the United States is derived as the sum of the state estimates. It differs
2006-2007
Rank in
United
States
Dollars
2002
2003
2004
2005r
2006r
2007'
27,171
28,061
29,558
30,573
32,219
33,619
32,159
35,868
24,713
33,317
30,427
27,786
26,064
32,993
36,477
25,864
34,118
31,164
29,080
27,317
34,872
38,990
27,170
35,874
33,041
30,572
28,861
35,860
40,096
27,472
37,129
33,512
31,436
29,194
38,078
42,770
28,681
39,466
35,448
33,115
31,214
40,066
45,217
30,097
41,491
36,775
34,894
33,156
30,388
28,803
38,516
31,575
34,041
30,133
27,440
31,358
29,644
40,583
32,544
34,826
31,103
28,489
33,182
31,291
43,924
34,577
36,726
33,014
29,959
34,499
31,943
47,436
36,064
37,652
34,783
30,708
36,514
33,919
49,733
37,799
40,241
36,907
32,272
38,321
34,917
52,526
39,750
42,081
38,800
33,870
26,773
28,841
24,942
26,803
25,629
26,404
28,745
31,342
27,037
28,436
27,311
28,242
29,339
32,164
27,345
28,837
27,943
28,904
30,451
33,630
28,494
29,422
28,981
30,266
26,309
25,302
25,826
28,929
25,245
26,150
24,084
24,776
27,818
30,084
25,980
27,917
26,481
27,276
27,477
25,919
26,855
30,208
26,188
27,902
26,446
27,148
28,891
27,950
28,012
31,957
27,350
28,809
26,962
28,647
29,535
28,450
28,707
32,535
27,900
29,481
28,877
29,676
24,766
22,976
21,055
26,600
25,198
22,572
22,873
20,475
24,310
22,782
25,087
28,730
21,799
25,577
24,006
22,244
27,532
25,611
23,140
23,685
21,324
24,919
23,424
26,048
29,808
22,183
27,023
25,546
23,506
29,445
26,557
24,303
25,013
22,349
26,335
24,576
27,314
31,517
23,205
27,908
26,666
24,443
30,777
27,721
25,035
21,962
23,361
27,455
25,340
28,188
32,981
23,901
30,569
29,233
30,590
33,775
28,855
30,168
29,109
29,342
29,671
27,684
25,625
32,848
28,392
26,352
29,539
24,765
28,312
26,756
29,275
34,758
25,249
31,902
35,697
29,394
30,611
30,260
31,719
32,224
31,020
32,067
35,454
30,042
32,066
32,487
32,451
7.0
25,190
23,743
21,956
23,264
26,137
25,945
24,381
22,722
23,980
26,924
27,529
25,957
24,076
25,877
28,480
29,108
27,332
25,254
27,140
30,199
30,593
28,701
26,305
29,132
31,670
31,926
29,063
27,389
31,118
33,181
5.5
5.0
6.4
7.6
4.1
9.8
5.0
4.7
4.5
5.6
4.6
5.8
7.3
26,243
29,888
22,735
22,600
22,304
27,856
28,370
29,071
28,636
26,293
27,308
25,501
29,224
26,771
30,269
23,169
23,959
22,574
29,817
29,256
29,601
29,532
27,284
28,508
26,249
30,048
28,183
31,716
24,906
25,343
23,634
32,096
30,979
31,075
31,229
29,272
30,772
27,169
32,155
29,452
33,142
25,657
26,463
24,794
34,648
32,070
32,843
32,398
30,771
33,012
27,559
32,617
30,791
34,525
26,899
27,666
25,815
37,999
33,991
34,713
34,402
32,653
34,206
29,167
34,558
31,812
35,545
27,948
29,433
26,203
40,921
35,320
36,031
35,666
34,365
34,753
30,385
36,557
5.3
5.4
5.9
5.1
5.4
4.1
5.0
6.3
5.2
4.4
6.1
5.5
4.8
5.2
5.2
5.0
6.8
3.9
3.7
4.4
5.3
6.2
6.7
5.6
5.8
4.8
6.9
12.0
11.7
5.1
5.5
6.5
4.1
5.4
4.7
9.9
5.7
6.2
4.9
4.7
3.7
4.8
8.0
30,781
28,960
27,041
33,831
29,288
27,357
32,074
26,008
29,423
27,580
30,248
35,721
26,408
2007
1
35
3
7
16
22
15
5
2
6
19
11
39
31
33
28
30
26
14
36
27
23
24
42
47
20
40
46
25
50
38
44
34
10
48
41
45
29
21
13
43
37
49
4
9
12
18
17
32
8
from the estimate of personal income in the national income and product accounts because of differences in coverage, in
the methodologies used to prepare the estimates, and in the timing of the availability of source data.
Source: Table 3 in “State Personal Income: Second Quarter of 2008 and Revised Statistics for 2005-200/’ in the
October 2008 Survey o f C u rre n t Business.
March 2009
Su r v e y
of
D-73
C u r r e n t B u sin ess
Table 1.4. Gross Domestic Product (GDP) by State for Industries, 2007
[Millions of dollars]
State and region
Rank of
total
GDP by
state
Total
Natural
NondurableDurable-goods
resources Construction
goods
manufacturing
and mining
manufacturing
Trade
Transportation
Financial
Information
and utilities
activities
Professional
Education
Leisure
and
Other
and health
and
business
services
services hospitality
services
Government
United States.............
13,743,021
437,149
562,625
926,689
1,684,211
1,090,737
505,676
316,573
1,639,241
New England......................
Connecticut.....................
Maine..............................
Massachusetts................
New Hampshire...............
Rhode Island...................
Vermont...........................
744,672
216,266
48,108
351,514
57,341
46,900
24,543
3,437
500
763
1,232
313
130
499
26,311
6,137
54,641
17,405
2,858
24,569
4,734
2,975
2,099
26,435
9,968
2,454
10,173
1,610
1,504
726
84,775
23,018
6,844
38,018
8,338
5,358
3,199
27,621
7,888
2,286
11,311
3,236
1,646
1,254
33,593
8,989
1,377
18,222
2,199
1,809
997
189,898
64,621
9,567
85,993
12,481
12,770
4,465
104,240
28,943
4,079
57,699
6,872
4,694
1,954
80,855
19,352
5,836
41,025
6,229
5,444
2,969
25,139
5,771
1,957
12,086
2,268
1,759
1,298
15,859
4,250
1,077
7,480
1,431
1,023
599
71,869
19,424
6,889
30,947
5,414
5,822
3,373
2,522,240
60,118
93,819
268,685
465,484
1,103,024
531,110
14,321
648
7
1,413
1,129
3,729
7,395
84,100
1,951
1,026
13,990
16,126
30,458
20,550
93,687
1,256
6,787
13,689
29,998
41,890
107,727
3,112
130
7,708
27,119
36,390
33,269
275,188
4,609
2,032
29,650
65,812
108,073
65,012
112,613
1,846
1,265
13,473
23,360
40,137
32,533
146,216
1,280
5,900
10,546
24,103
83,276
671,997
26,850
14,486
60,451
115,986
355,343
98,881
354,997
7,177
22,885
38,898
67,304
150,610
68,123
227,687
3,682
6,433
23,325
37,624
95,745
60,878
81,922
1,383
3,299
8,782
15,921
36,646
15,891
59,290
1,058
5,820
6,801
9,530
22,564
13,517
292,494
5,265
30,469
46,863
47,782
110,056
52,060
1,936,573
609,570
246,439
381,963
466,309
232,293
27,225
7,142
4,805
4,654
6,107
4,517
71,242
23,560
9,790
13,124
15,712
9,055
221,695
45,697
40,180
49,385
57,210
29,223
114,907
30,932
22,517
15,076
27,858
18,523
242,724
77,644
29,832
48,691
58,768
27,789
109,965
35,949
15,713
20,040
26,457
11,806
62,612
370,140
238,375
Illinois..............................
24,112
134,098
89,423
6,018
37,190
19,975
11,654
68,054
52,629
13,210
87,221
55,383
7,618
43,577
20,965
165,285
47,380
20,857
33,713
41,774
21,560
62,953
20,143
9,176
12,543
14,096
6,996
46,155
14,793
6,042
9,080
10,863
5,378
203,296
58,697
24,343
43,320
51,651
25,286
872,523
129,026
117,305
254,970
229,470
80,093
27,725
33,934
36,782
8,008
6,252
7,156
4,330
5,621
3,234
2,180
32,728
4,291
3,938
9,602
9,497
3,082
49,956
10,653
6,511
12,627
14,071
4,492
775
825
110,707
15,025
14,988
32,469
30,779
9,186
3,976
4,283
51,516
7,842
7,021
11,600
12,939
8,361
2,045
1,708
37,797
3,991
7,831
9,733
11,376
2,694
1,099
1,072
158,891
24,556
16,623
54,546
36,558
13,749
3,843
9,016
91,854
7,841
11,310
32,593
29,374
7,223
1,692
1,820
75,083
9,743
8,804
23,618
20,810
6,430
2,488
3,190
28,584
3,933
3,222
7,850
9,521
2,039
808
1,196
73,270
15,419
11,213
21,228
16,516
4,544
1,858
2,492
1,210
20,402
2,777
2,811
5,689
6,023
1,706
624
771
104,954
14,946
16,780
26,258
27,674
10,967
4,159
4,170
3,087,889
165,796
95,371
734,519
396,504
154,184
216,146
88,546
399,446
152,830
243,869
382,964
57,711
89,010
5,924
5,244
7,746
5,653
7,350
32,894
4,971
6,767
1,745
2,314
3,836
4,567
142,957
7,236
3,571
45,004
17,572
5,522
8,147
3,606
16,748
7,884
9,214
16,258
2,194
196,961
18,179
9,566
25,383
19,139
17,421
9,121
8,265
30,981
14,842
24,309
16,138
3,616
199,770
10,463
7,376
11,207
24,420
11,657
40,545
5,556
43,297
9,644
15,061
17,731
2,814
402,035
22,887
13,224
103,996
56,874
19,827
22,103
12,050
46,273
21,458
37,277
38,822
7,244
164,955
9,864
6,834
32,971
26,055
10,497
12,967
5,869
16,400
8,035
14,090
16,455
4,918
123,528
4,935
3,892
30,914
25,893
4,391
4,665
347,507
14,994
7,869
93,748
47,413
12,024
15,721
12,664
4,450
8,469
19,457
1,587
574,598
24,253
12,316
177,746
72,520
20,751
22,613
11,271
88,420
24,242
37,837
75,124
7,506
38,302
14,817
27,234
65,366
3,996
232,321
12,599
7,716
59,838
27,377
13,207
13,009
6,884
27,881
9,997
24,259
23,834
5,719
120,818
4,489
2,696
40,588
13,257
4,914
8,036
4,480
12,119
6,508
10,384
11,278
2,070
73,675
4,284
2,204
19,819
8,250
3,408
4,012
2,091
8,105
3,779
6,489
9,884
1,349
419,753
25,688
12,863
85,559
52,081
23,215
22,313
15,269
51,488
25,431
26,933
68,781
10,132
1,604,494
247,028
76,178
139,323
1,141,965
160,487
6,749
12,064
21,685
119,988
74,567
14,754
3,161
4,450
52,203
107,773
16,647
4,543
9,554
77,030
86,101
2,965
1,030
5,954
76,151
200,574
34,196
7,694
15,940
142,744
103,220
11,343
3,943
8,415
79,520
61,956
7,166
2,016
4,705
48,069
253,852
58,545
10,345
17,742
167,220
178,710
29,612
8,752
11,928
128,417
106,033
19,671
5,452
9,970
70,940
51,377
10,596
2,649
4,120
34,012
33,288
4,846
1,587
3,050
23,805
186,557
29,938
12,942
21,811
121,867
458,897
236,324
51,149
34,253
105,658
31,514
33,993
12,905
3,193
3,665
4,205
10,025
25,145
12,447
2,927
2,047
5,922
1,801
23,071
9,490
3,697
890
8,621
374
11,847
5,693
1,557
609
3,331
657
55,306
27,573
7,163
4,223
13,394
2,953
23,263
8,988
2,510
2,915
5,464
3,385
28,124
83,309
55,916
Colorado..........................
44,121
21,350
34,257
1,268
8,798
6,340
1,012
5,314
2,603
3,985
21,956
11,305
1,411
509
3,120
30,756
15,377
3,968
3,170
6,907
1,334
18,527
10,368
1,780
1,614
3,594
1,172
11,338
5,708
1,027
844
3,181
577
58,302
28,047
6,919
5,346
13,793
4,196
2,515,732
44,517
1,812,968
61,532
127,213
158,233
311,270
71,893
14,108
42,581
478
105,575
155,592
154
102,707
419
4,087
25,697
22,529
92,345
808
76,315
660
1,485
4,530
8,548
314,282
2,800
229,840
6,410
14,948
19,290
40,992
106,247
4,719
73,797
3,413
5,647
6,813
11,858
172,718
2,443
123,489
4,681
6,633
13,147
22,325
116,356
1,354
71,758
5,970
21,632
5,078
10,564
56,567
684
41,135
1,532
2,267
3,677
7,272
302,015
7,794
205,163
14,119
12,813
19,351
42,775
Mideast...............................
Delaware.........................
District of Columbia.........
Maryland.........................
New Jersey......................
New York.........................
Pennsylvania...................
23
43
13
41
44
50
39
15
8
3
6
Great Lakes.......................
Indiana............................
Michigan..........................
Ohio.................................
Wisconsin........................
Plains..................................
Iowa................................
Kansas............................
Minnesota
Missouri...
Nebraska.
North Dakota
South Dakota...................
Southeast...
Alabama..
Arkansas.
Florida
Georgia...
Kentucky..
Louisiana.
Mississippi.......................
North Carolina.................
South Carolina.................
Tennessee
Virginia............................
West Virginia...................
Southwest..........................
Arizona............................
New Mexico.....................
Oklahoma........................
Texas...............................
5
18
12
7
21
30
32
16
22
36
49
47
25
34
4
10
27
24
35
9
28
19
11
40
17
37
29
2
Rocky Mountain.................
20
Idaho...............................
Montana..........................
Utah................................
Wyoming.........................
Far West............................
Alaska
California.........................
Hawaii.............................
Nevada............................
Oregon
Washington.....................
42
46
33
48
45
1
38
31
26
14
2,686
4,767
7,272
2,120
12,758
2,217
1,969
1,111
1,122
1,666
69,743
3,419
10,262
6,496
13,990
68
689,087 1,685,590
Note. Totals shown for the United States differ from the national income and product account estimates of gross
domestic product (GDP) because GDP by state excludes and national GDP includes the compensation of Federal civilian
and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad
699,401
645,310 2,860,733
21,112
2,212
151,482
1,065
112,554
1,556
2,607
5,696
28,004
558,047
4,483
421,755
13,343
28,778
28,717
60,971
6,022
312,613
2,439
242,131
5,531
13,369
14,975
34,168
and for military equipment, except office equipment. Also, GDP by state and national GDP have different revision schedules.
Source: This table reflects the GDP-by-state estimates for 2007 that were released on June 5, 2008.
D-74
March 2009
J. Local Area Table
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2005-2007—Continues
Per capita personal income1
Personal income
Area
Percent change from
preceding period 2
Millions of dollars
2005
2006
2007p
10,284,356
10,968,393
11,652,339
6.7
6.2
34,757
36,714
38,632
5.6
5.2
Metropolitan portion.................................................
8,998,025
9,611,280
10,210,349
6.8
6.2
36,483
38,564
40,536
5.7
5.1
4,414
23,649
4,021
30,582
24,804
4,386
26,461
3,488
6,843
2,558
13,898
3,644
4,704
13,354
3,075
7,165
11,358
4,702
174,810
9,027
3,029
14,678
50,988
18,804
108,479
4,196
9,591
22,016
3,951
3,041
10,860
5,421
4,502
4,848
6,884
38,575
3,299
3,734
4,730
5,145
17,394
211,565
13,311
3,106
29,233
8,706
61,623
6,619
3,051
36,323
3,764
7,236
11,781
20,939
2,168
2,770
8,228
6,256
9,433
18,671
55,683
4,740
24,635
4,149
32,527
26,764
4,611
28,129
3,627
7,335
2,728
14,775
3,805
4,950
13,874
3,264
7,521
12,239
4,936
184,911
9,577
3,252
15,327
55,665
20,042
114,592
4,342
10,157
24,038
4,107
3,168
11,646
5,793
4,997
5,162
7,353
41,067
3,479
3,945
4,973
5,462
19,175
225,705
14,200
3,299
31,634
9,399
66,407
7,047
3,288
38,311
4,013
7,696
12,127
5,134
25,793
4,364
34,175
28,485
4,820
29,796
3,848
7,952
2,893
15,911
3,928
5,217
14,432
3,463
7,972
13,061
5,199
196,873
9,915
3,447
16,137
59,958
21,409
120,617
4,536
10,768
25,656
4,237
3,250
12,417
6,270
5,307
5,574
7,806
43,494
3,736
4,139
5,272
5,720
20,380
241,012
15,221
3,485
33,327
9,915
71,773
7,603
3,460
40,241
4,245
8,077
12,698
24,175
2,422
3,398
9,361
7,054
10,549
21,507
64,418
7,783
17,007
3,561
416,357
6,474
81,698
8,427
3,161
82,302
4,114
5,448
21,653
5,283
24,304
9,805
2,733
66,076
13,978
3,041
2,710
7.4
4.2
3.2
6.4
7.9
5.1
6.3
4.0
7.2
6.7
6.3
4.4
5.2
3.9
8.3
4.7
5.2
5.1
6.4
4.5
5.9
27,790
33,739
24,811
36,107
31,061
29,908
33,677
27,693
28,750
31,158
39,525
27,871
26,975
38,682
27,445
33,455
29,022
26,223
35,262
33,589
24,181
28,356
34,701
25,050
40,933
28,537
42,618
30,154
28,588
28,000
28,519
29,214
31,909
33,142
27,856
35,448
33,172
24,136
26,153
32,195
31,925
47,491
47,032
27,838
43,700
36,308
68,840
17,760
31,234
31,825
26,913
35,211
28,895
38,598
38,938
39,865
33,269
28,800
30,959
31,026
36,580
36,546
30,316
36,922
39,454
26,691
35,326
29,618
27,357
35,555
27,449
23,963
33,131
30,257
31,001
30,771
33,156
34,777
29,353
33,814
24,775
29,847
35,188
25,432
38,213
32,727
30,800
35,369
28,865
30,515
32,556
41,104
29,000
27,955
39,892
28,959
34,786
30,767
26,924
36,060
35,480
25,399
29,328
36,328
25,938
43,026
29,324
45,445
31,443
29,862
29,317
31,104
30,688
33,522
34,923
29,787
37,331
34,357
25,257
27,240
33,704
33,774
50,542
49,628
28,904
46,486
39,353
74,281
18,559
32,889
33,803
28,265
37,280
29,769
40,113
41,478
44,152
34,826
30,128
33,010
32,246
38,164
38,383
31,685
39,647
41,591
28,034
36,650
31,910
27,833
37,406
29,134
25,454
34,255
31,325
32,614
31,922
35,004
36,110
31,464
35,722
26,038
32,221
36,881
26,597
40,047
34,109
32,171
37,066
30,655
32,827
34,130
43,911
29,912
28,987
41,233
30,614
36,563
32,303
27,745
37,294
36,636
26,411
30,533
37,517
27,076
45,208
30,486
48,468
33,318
31,013
30,232
33,002
32,485
34,458
37,247
31,679
39,247
36,182
26,260
28,695
34,832
34,679
53,763
52,438
30,045
48,498
41,883
80,192
19,636
33,988
35,669
29,206
38,951
31,185
40,935
44,081
47,354
37,033
31,931
34,706
34,133
39,004
40,375
33,051
41,236
43,714
29,593
38,290
32,188
28,445
39,258
30,598
26,790
35,550
32,548
33,943
34,678
36,568
37,664
33,733
37,341
27,289
7.4
4.3
2.5
5.8
5.4
3.0
5.0
4.2
4.8
4.6
4.8
4.2
4.5
4.8
See the footnotes at the end of the table.
6,868
15,241
3,153
371,160
5,744
74,295
7,458
2,956
75,337
3,482
4,721
19,528
4,731
21,441
8,740
2,427
59,651
12,065
2,693
2,468
22,868
2,286
3,102
8,693
6,598
10,030
19,901
60,483
7,316
16,148
3,401
393,382
6,100
77,740
8,060
3,047
78,752
3,808
5,113
20,639
5,004
22,953
9,268
2,590
62,635
13,006
2,870
2,586
2007p
6.1
5.0
7.8
5.0
5.8
6.1
8.4
6.0
7.7
3.2
5.4
4.0
6.1
6.0
6.1
6.7
5.3
6.5
3.5
7.4
4.4
9.2
5.3
7.7
6.0
6.6
6.8
5.6
3.5
5.9
9.2
4.0
4.2
7.2
6.9
5.3
4.5
11.0
6.5
6.8
6.0
6.7
3.2
2.6
6.6
8.2
6.2
8.0
6.2
6.5
5.4
5.7
5.1
6.0
6.2
10.2
4.7
6.3
6.7
6.7
6.8
6.2
8.2
8.0
7.8
6.5
7.8
5.5
6.6
6.4
2.9
9.2
5.5
12.0
5.6
5.5
6.3
6.6
8.6
6.5
6.0
7.9
6.0
6.2
4.6
8.1
3.1
4.5
9.4
8.3
5.7
5.8
7.1
5.9
7.4
4.9
7.2
5.7
5.4
5.5
8.1
7.9
5.2
5.0
5.8
5.0
4.7
5.7
5.9
9.5
7.7
6.9
5.2
8.1
6.5
6.4
5.3
4.7
5.8
6.1
5.1
4.6
3.7
4.5
8.0
6.6
6.7
5.0
7.8
4.9
5.6
5.9
5.8
5.5
5.5
7.5
6.6
6.0
4.8
4.8
6.0
2005
2006
2007p
2007p
Percent change from
preceding period
United States......................................
Metropolitan Statistical Areas3
Abilene, TX..................................................................
Akron, OH....
Albany, GA...
Albany-Schenectady-Troy, NY.....................................
Albuquerque, N M ........................................................
Alexandria, LA.............................................................
Allentown-Bethlehem-Easton, PA-NJ...........................
Altoona, PA..................................................................
Amarillo, TX.................................................................
Ames, IA......................................................................
Anchorage, A K ............................................................
Anderson, IN ...............................................................
Anderson, SC..............................................................
Ann Arbor, M l..............................................................
Anniston-Oxford, AL....................................................
Appleton, Wl
Asheville, NC
Athens-Clarke County, G A ..........................................
Atlanta-Sandy Springs-Marietta, GA............................
Atlantic City-Hammonton, NJ......................................
Auburn-Opelika, A L.....................................................
Augusta-Richmond County. GA-SC..............................
Austin-Round Rock, TX...............................................
Bakersfield, CA
Baltimore-Towson, M D................................................
Bangor, ME..
Barnstable Town, M A ..................................................
Baton Rouge, LA.........................................................
Battle Creek, Ml...........................................................
Bay City, M l.
Beaumont-Port Arthur, TX...........................................
Bellingham, WA...........................................................
Bend, OR....
Billings, MT..
Binghamton, NY
Birmingham-Hoover, A L..............................................
Bismarck, ND
Blacksburg-Christiansburg-Radford, VA.......................
Bloomington, IN...........................................................
Bloomington-Normal, IL ..............................................
Boise City-Nampa, ID..................................................
Boston-Cambridge-Quincy, MA-NH.............................
Boulder, CO.
Bowling Green, KY
Bradenton-Sarasota-Venice, FL...................................
Bremerton-Silverdale, WA...........................................
Bridgeport-Stamford-Norwalk, CT................................
Brownsville-Harlingen, TX...........................................
Brunswick, GA
Buffalo-Niagara Falls, NY............................................
Burlington, NC.............................................................
Burlington-South Burlington, VT...................................
Canton-Massillon, OH.................................................
Cape Coral-Fort Myers, FL..........................................
Carson City, NV
Casper, W Y............
Cedar Rapids, IA
Champaign-Urbana, IL................................................
Charleston, WV
Charleston-North Charleston-Summerville, SC...........
Charlotte-Gastonia-Concord, NC-SC..........................
Charlottesville, VA...
Chattanooga, TN-GA...................................................
Cheyenne, WY
Chicago-Naperville-Joliet, IL-IN-WI..............................
Chico, C A ....................................................................
Cincinnati-Middletown, OH-KY-IN................................
Clarksville, TN-KY.......................................................
Cleveland, TN
....................................................
Cleveland-Elyria-Mentor, OH.......................................
Coeur d’Alene, ID...
College Station-Bryan, TX...........................................
Colorado Springs, CO
Columbia, MO
Columbia, SC
Columbus, GA-AL..
Columbus, IN...............................................................
Columbus, OH.............................................................
Corpus Christi, TX.......................................................
Corvallis, OR...............................................................
Cumberland, MD-WV..................................................
2006
Rank in
United States
Dollars
2006
214
105
342
57
163
216
100
255
196
162
32
276
303
47
256
111
210
327
94
109
346
259
90
337
28
261
15
180
242
271
190
205
152
95
226
2007p
6.1
4.5
4.0
4.1
3.6
3.1
5.5
4.0
6.0
2.7
2.3
5.6
5.0
3.4
4.7
3.5
5.1
2.8
6.6
362
165
4.3
4.5
4.7
9.1
5.0
5.1
5.4
6.9
5.3
3.6
4.6
4.2
4.7
5.8
6.4
5.5
3.8
6.4
8.4
7.9
4.5
5.3
122
6.2
294
71
237
51
31
18
5.0
5.9
3.0
3.9
6.5
10.8
101
220
4.7
4.6
147
161
69
54
189
46
34
281
79
215
317
65
257
340
126
6.6
66
115
347
312
143
148
7
9
273
14
41
1
202
166
149
110
88
170
93
331
3.9
4.3
5.0
4.5
7.4
5.4
5.0
3.7
7.7
1.7
5.2
6.1
6.2
3.4
3.5
5.2
3.7
5.6
3.8
7.2
5.6
5.1
8.0
6.2
7.6
4.8
6.8
3.1
3.7
3.4
5.7
5.1
5.0
3.0
3.4
3.3
4.0
4.1
3.3
4.4
5.1
4.0
6.7
6.0
3.9
3.1
6.1
5.9
2.8
6.7
6.4
5.1
5.3
4.0
5.3
3.3
2.7
6.4
5.7
3.9
4.3
6.4
8.0
5.8
3.3
5.5
3.3
4.5
4.8
2.0
6.3
7.3
6.3
6.0
5.1
5.9
2.2
5.2
4.3
4.0
5.1
5.6
4.5
0.9
2.2
5.0
5.0
5.2
3.8
3.9
4.1
8.6
4.5
4.3
7.2
4.5
4.8
March 2009
Su r v e y
of
D-75
C u r r e n t B u s in e ss
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2005-2007—Continues
Per capita personal income1
Personal income
Area
Dallas-Fort Worth-Arlington, TX..................................
Dalton, GA...................................................................
Danville, IL
Danville, VA
Davenport-Moline-Ftock Island, IA-IL...........................
Dayton, OH
Decatur, AL
Decatur, IL
Deltona-Daytona Beach-Ormond Beach, F L...............
Denver-Aurora, CO......................................................
Des Moines-West Des Moines, IA...............................
Detroit-Warren-Livoma, M l..........................................
Dothan, AL
Dover, DE
Dubuque, IA
Duluth, MN-WI
Durtiam, NC................................................................
Eau Claire, W l.............................................................
El Centro, C A ..............................................................
Elizabethtown, KY.......................................................
Elkhart-Goshen, IN
Elmira, NY
El Paso, TX
Erie, PA...........
Eugene-Springfield, OR..............................................
Evansville, IN-KY
Fairbanks, AK.
Fargo, ND-MN,
Farmington, NM
Fayetteville, NC
Fayetteville-Springdale-Rogers, AR-MO.....................
Flagstaff, AZ....
Flint, Ml
Florence, S C ...
Florence-Muscle Shoals, A L .......................................
Fond du Lac, Wl
Fort Col Iins- Loveland, CO...........................................
Fort Smith, AR-OK......................................................
Fort Walton Beach-Crestview-Destin, FL.....................
Fort Wayne, IN ............................................................
Fresno, CA
Gadsden, AL..
Gainesville, FL
Gainesville, GA
Glens Falls, NY
Goldsboro, NC
Grand Forks, ND-MN
Grand Junction, CO
Grand Rapids-Wyoming, M l........................................
Great Falls, MT............................................................
Greeley, CO.................................................................
Green Bay, W l.............................................................
Greensboro-High Point, N C ........................................
Greenville, NC.............................................................
Greenville-Mauldin-Easley, SC....................................
Gulfport-Biloxi, MS......................................................
Hagerstown-Martinsburg, MD-WV..............................
Hanford-Corcoran, CA.................................................
Harrisburg-Carlisle, PA................................................
Harrisonburg, VA
Hartford-West Hartford-East Hartford, CT....................
Hattiesburg, M S.......
Hickory-Lenoir-Morganton, N C ...................................
Hinesville-Fort Stewart, GA
Holland-Grand Haven, Ml............................................
Honolulu, H I..............
Hot Springs, A R ........
Houma-Bayou Cane-Thibodaux, LA ............................
Houston-Sugar Land-Baytown, TX...............................
Huntington-Ashland, WV-KY-OH.................................
Huntsville, A L ..............................................................
Idaho Falls, ID .............................................................
Indianapolis-Carmel, IN...............................................
Iowa City, IA.................................................................
Ithaca, NY...................................................................
Jackson, M l.................................................................
Jackson, MS................................................................
Jackson, T N ...
Jacksonville, FL
Jacksonville, NC
Janesville, W l.
Jefferson City, MO
Johnson City, TN.........................................................
Johnstown, PA
Jonesboro, AR.............................................................
Joplin, MO...................................................................
See the footnotes at the end of the table.
Percent change from
preceding period 2
Millions of dollars
2005
2006
221,192
3,526
238,858
3,674
2,022
2,100
2,720
12,099
26,685
4,326
3,575
13,778
100,447
19,745
167,565
3,894
4,006
2,773
8,096
15,983
4,412
3,396
3,254
6,160
2,437
17,156
7,677
9,812
11,335
3,025
6,156
3,010
10,740
11,725
3,493
12,131
5,441
3,653
3,124
9,354
7,458
6,425
12,415
22,752
2,673
7,359
4,548
3,611
2,925
2,822
3,748
24,593
2,426
5,713
9,636
21,016
4,439
17,528
6,446
7,260
3,109
18,210
3,010
50,523
3,271
9,573
1,615
7,890
33,684
2,667
5,291
216,765
7,301
12,174
3,236
59,477
4,662
2,815
4,453
16,164
3,131
44,281
4,895
4,455
4,215
4,859
3,870
2,775
4,259
2,764
12,814
27,823
4,542
3,723
14,683
107,788
21,118
171,339
4,147
4,234
2,924
8,533
17,216
4,659
3,592
3,490
6,429
2,586
18,123
8,046
10,483
11,986
3,292
6,557
3,306
11,442
12,625
3,767
12,616
5,799
3,852
3,251
9,968
8,020
6,862
13,057
23,980
2,799
7,854
4,846
3,822
3,093
2,945
4,122
25,635
2,599
6,120
10,038
22,346
4,776
18,615
7,092
7,765
3,329
19,097
3,147
53,147
3,583
10,175
1,685
8,261
35,954
2,896
6,345
237,784
7,719
13,114
3,509
63,030
4,957
3,001
4,583
17,152
3,262
47,972
5,174
4,802
4,390
5,117
4,051
2,947
4,485
2007p
256,943
3,850
2,205
2,878
13,608
28,670
4,821
3,954
15,465
114,466
22,457
176,109
4,392
4,423
3,075
9,012
18,668
4,913
3,895
3,625
6,634
2,719
19,510
8,505
11,092
12,325
3,484
7,112
3,573
12,336
13,590
4,066
12,757
6,054
4,060
3,449
10,628
8,458
7,134
13,676
25,513
2,941
8,296
5,183
4,051
3,276
3,203
4,573
26,420
2,715
6,525
10,585
23,621
5,101
19,837
8,425
8,120
3,607
20,131
3,348
56,650
3,769
10,642
1,800
8,499
38,003
3,099
7,033
260,213
8,145
13,951
3,788
66,073
5,303
3,185
4,727
18,082
3,412
50,637
5,579
4,947
4,617
5,394
4,274
3,136
4,736
2006
2007p
8.0
4.2
3.8
1.6
7.6
4.8
5.0
4.1
5.9
4.3
5.0
4.1
6.2
6.6
5.3
7.3
7.0
2.3
6.5
5.7
5.4
5.4
7.7
5.6
5.8
7.3
4.4
6.2
3.0
6.1
6.2
6.3
2.8
6.8
5.9
4.4
5.2
5.6
8.4
5.5
8.4
3.9
3.2
5.2
7.7
5.7
5.8
5.7
2.8
8.8
5.9
8.5
6.1
5.6
4.8
6.5
9.9
6.5
7.7
7.8
4.0
6.6
5.5
4.1
6.6
7.5
6.8
5.2
5.4
4.7
6.7
6.6
5.8
5.7
4.4
10.0
4.2
7.2
7.1
4.2
6.3
7.6
6.2
10.0
7.0
7.1
4.9
4.6
5.2
9.5
6.3
4.4
4.7
6.7
8.6
8.1
7.8
7.6
7.9
1.1
4.4
5.4
6.1
6.6
5.5
4.0
4.7
6.4
5.1
5.6
6.9
6.0
5.9
8.7
10.9
3.1
4.4
6.6
5.5
5.7
6.8
6.6
18.8
4.6
8.3
5.4
6.4
6.6
5.2
4.6
6.8
2.9
5.7
7.0
19.9
9.7
5.7
7.7
8.4
10.8
6.0
6.3
4.8
7.0
6.6
6.1
2.9
3.1
5.4
4.6
5.6
7.8
3.0
5.2
5.4
5.5
6.4
5.6
6.1
4.2
8.3
5.7
7.8
4.1
5.3
4.7
6.2
5.3
Rank in
United States
Dollars
9.4
5.5
6.4
8.0
2005
38,089
26,984
24,719
25,492
32,405
31,739
29,401
32,649
28,329
42,476
37,650
37,204
28,701
27,881
30,462
29,515
34,775
28,519
22,074
29,500
31,826
27,567
24,081
27,520
29,209
32,612
32,001
33,108
24,675
31,110
28,694
28,008
27,602
27,641
25,741
31,745
33,886
26,376
35,023
30,813
26,052
26,071
29,663
27,458
28,282
25,797
28,992
28,917
31,966
29,647
25,183
32,503
31,138
27,030
29,715
25,101
29,071
21,609
34,992
26,329
42,782
24,800
27,034
21,844
30,995
37,343
28,592
26,764
40,734
25,652
32,949
28,879
36,160
32,706
28,088
27,370
30,977
28,260
35,439
30,619
28,467
29,363
25,709
26,347
24,640
25,647
2006
39,924
27,720
25,700
26,008
34,236
33,195
30,683
34,133
29,615
44,691
39,418
38,119
30,147
28,616
31,959
31,152
36,693
29,837
22,769
31,524
32,723
29,320
24,977
28,767
30,825
34,378
34,722
34,639
27,155
32,817
29,807
29,879
28,803
29,328
27,025
32,923
35,397
27,985
37,497
32,127
27,081
27,194
30,971
28,110
29,799
27,417
30,093
30,746
33,172
31,740
26,002
33,627
32,539
28,280
30,998
31,171
30,289
22,771
36,395
27,120
44,835
26,469
28,500
23,510
32,122
39,653
30,400
31,562
43,174
27,145
34,689
30,396
37,735
34,272
29,857
28,100
32,287
29,066
37,519
31,942
30,356
30,325
26,735
27,733
25,705
26,601
2007p
41,813
28,723
27,153
27,209
36,176
34,314
32,293
36,365
30,905
46,439
41,085
39,419
31,485
29,047
33,290
32,853
38,923
31,134
24,065
32,476
33,517
30,891
26,556
30,472
32,281
35,243
35,744
36,961
29,183
35,353
31,191
31,903
29,347
30,463
28,362
34,793
36,956
29,198
39,309
33,351
28,369
28,492
32,268
28,764
31,428
28,838
32,783
32,876
34,014
33,195
26,771
35,151
33,817
29,573
32,317
36,390
31,087
24,226
38,064
28,478
47,641
27,283
29,522
25,066
32,788
41,964
32,161
34,966
46,235
28,676
36,084
31,728
38,980
36,069
31,518
28,996
33,858
30,283
38,927
34,282
30,990
31,690
27,867
29,477
26,937
27,652
2007"
Percent change from
preceding period
2007p
2006
43
311
336
335
116
156
211
113
245
21
48
62
231
299
181
195
73
238
356
206
174
246
344
262
212
129
121
102
296
128
236
221
291
264
319
144
103
295
64
179
318
315
213
308
233
306
199
194
164
185
341
134
169
283
208
112
239
354
82
316
17
332
285
351
198
40
217
141
4.8
2.7
4.0
2.0
5.7
4.6
4.4
4.5
4.5
5.2
4.7
2.5
5.0
2.6
4.9
5.5
5.5
4.6
3.1
6.9
2.8
6.4
3.7
4.5
5.5
5.4
8.5
4.6
10.1
5.5
3.9
6.7
4.4
6.1
5.0
3.7
4.5
6.1
7.1
4.3
3.9
4.3
4.4
2.4
5.4
6.3
3.8
6.3
3.8
7.1
3.3
3.5
4.5
4.6
4.3
24.2
4.2
5.4
4.0
3.0
4.8
6.7
5.4
7.6
3.6
6.2
6.3
17.9
22
6.0
313
117
223
70
119
229
302
167
269
72
157
243
225
325
286
338
329
5.8
5.3
5.3
4.4
4.8
6.3
2.7
4.2
2.9
5.9
4.3
4.7
3.6
5.7
4.6
5.7
3.4
5.2
6.5
4.4
3.9
4.2
3.4
4.4
1.5
4.2
5.5
6.1
4.3
5.7
3.0
2.4
5.4
6.3
5.9
4.7
2.5
2.9
6.7
7.5
7.7
4.6
6.8
1.9
3.9
4.9
5.7
4.4
4.3
4.8
3.8
4.8
4.8
4.2
2.3
5.5
5.2
8.9
6.9
2.5
4.6
3.0
4.5
3.9
4.6
4.3
16.7
2.6
6.4
4.6
5.0
6.3
3.1
3.6
6.6
2.1
5.8
5.8
10.8
7.1
5.6
4.0
4.4
3.3
5.2
5.6
3.2
4.9
4.2
3.8
7.3
6.6
2.1
3.3
4.0
5.3
4.3
3.7
4.5
4.2
6.3
4.8
4.0
D-76
Regional Data
March 2009
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2005-2007—Continues
Personal income
2005
Kalamazoo-Portage, M l...............................................
Kankakee-Bradley, IL
Kansas City, MO-KS
Kennewick-Pasco-Richland, W A..................................
Killeen-Temple-Fort Hood, TX.....................................
Kingsport-Bristol-Bristol, TN-VA..................................
Kingston, N Y ...............................................................
Knoxville, T N ...............................................................
Kokomo, IN.,
La Crosse, WI-MN.......................................................
Lafayette, IN
Lafayette, LA
Lake Charles, LA.........................................................
Lake Havasu City-Kingman, A Z ...................................
Lakeland-Winter Haven, FL.........................................
Lancaster, PA
Lansing-East Lansing, Ml............................................
Laredo, TX...................................................................
Las Cruces, NM, ...
Las Vegas-Paradise, NV..............................................
Lawrence, KS..............................................................
Lawton, OK..
Lebanon, PA................................................................
Lewiston, ID-WA..........................................................
Lewiston-Auburn, ME..................................................
Lexington-Fayette, KY.................................................
Lima, OH
................................................................
Lincoln, NE..
Little Rock-North Little Rock-Conway, AR....................
Logan, UT-ID...............................................................
Longview, TX
Longview, WA..............................................................
Los Angeles-Long Beach-Santa Ana, CA....................
Louisville-Jefferson County, KY-IN................................
Lubbock, T X ................................................................
Lynchburg, VA.............................................................
Macon, G A ..................................................................
Madera, CA............
Madison, W l..........
Manchester-Nashua, NH.............................................
Mansfield, OH
McAllen-Edinburg-Mission, TX.....................................
Medford, OR..........
Memphis, TN-MS-AR..................................................
Merced, C A .................................................................
Miami-Fort Lauderdale-Pompano Beach, FL...............
Michigan City-La Porte, IN ...........................................
Midland, TX.................................................................
Milwaukee-Waukesha-West Allis, W l...........................
Minneapolis-St. Paul-Bloomington, MN-WI..................
Missoula, MT...............................................................
Mobile, A L ...................................................................
Modesto, CA................................................................
Monroe, LA..
Monroe, M l..
Montgomery, A L ..........................................................
Morgantown, WV.........................................................
Morristown, TN............................................................
Mount Vernon-Anacortes, WA.....................................
Muncie, IN...
Muskegon-Norton Shores, M l......................................
Myrtle Beach-North Myrtle Beach-Conway, S C ...........
Napa, CA.....................................................................
Naples-Marco Island, FL.............................................
Nashville-Davidson-Murfreesboro-Franklin, T N ...........
New Haven-Milford, C T ...............................................
New Orleans-Metairie-Kenner, LA................................
New York-Northern New Jersey-Long Island, NY-NJ-PA
Niles-Benton Harbor, M l..............................................
Norwich-New London, C T ...........................................
Ocala, FL...............
Ocean City, NJ
Odessa, T X ............
Ogden-Clearfield, U T..................................................
Oklahoma City, OK.
Olympia, WA..........
Omaha-Council Bluffs, NE-IA......................................
Orlando-Kissimmee, FL
Oshkosh-Neenah, W l..................................................
Owensboro, KY
Oxnard-Thousand Oaks-Ventura, CA...........................
See the footnotes at the end of the table.
Percent change from
preceding period 2
Millions of dollars
Area
9,814
2,896
69,531
6,214
10,544
8,058
5,514
20,212
3,074
3,887
5,043
7,772
4,535
4,140
15,961
15,868
13,772
4,295
4,406
63,041
3,085
3,141
3,912
1,639
3,145
14,693
2,928
9,276
21,495
2,559
5,964
2,497
482,011
41,296
7,208
6,748
6,726
3,152
20,709
15,682
3,398
11,211
5,861
42,718
5,491
206,523
2,950
5,141
57,351
133,237
3,077
10,043
13,527
4,687
4,728
11,176
3,274
3,161
3,587
3,097
4,461
6,113
5,903
16,617
52,295
33,127
26,102
866,981
4,706
10,403
8,366
3,852
3,252
13,846
38,449
7,785
30,732
61,757
5,211
3,109
32,303
2006
2007p
10,281
3,027
73,692
6,428
11,648
8,515
5,966
21,537
3,196
4,107
5,249
8,723
5,777
4,513
17,309
16,572
14,546
4,580
4,712
68,032
3,280
3,491
4,109
1,737
3,240
15,643
3,032
9,776
23,055
2,684
6,491
2,647
513,123
43,935
7,643
7,134
7,044
3,250
21,963
16,593
3,485
12,003
6,256
45,108
5,615
220,610
3,077
10,745
3,213
78,229
6,944
12,845
8,925
6,302
22,765
3,318
4,332
5,554
9,453
6,420
4,742
18,058
17,529
15,009
4,920
5,039
73,138
3,472
3,685
4,382
1,846
3,433
16,656
3,142
10,363
25,180
2,927
7,031
2,818
539,163
46,481
8,086
7,482
7,279
3,476
23,158
17,508
3,549
13,017
6,607
47,614
5,859
232,772
3,236
6,610
63,873
149,048
3,479
11,538
14,903
5,093
5,095
12,565
3,722
3,425
4,146
3,321
4,750
7,042
6,737
19,515
59,397
37,049
47,591
1,005,205
5,207
11,387
9,555
4,169
4,119
16,078
44,599
9,019
34,836
69,584
5,809
3,404
35,868
6,011
60,906
140,320
3,282
11,001
14,097
4,920
4,986
11,971
3,510
3,307
3,873
3,208
4,628
6,667
6,242
17,990
56,135
34,964
39,829
935,178
4,949
10,809
9,119
4,009
3,671
14,938
41,907
8,371
32,917
66,129
5,457
3,255
33,940
Per capita personal income'
2006
2007p
4.8
4.5
6.0
3.4
10.5
5.7
8.2
6.6
4.0
5.7
4.1
12.2
27.4
9.0
8.4
4.4
5.6
4.5
6.1
6.2
8.0
10.3
4.8
5.6
5.7
3.8
5.5
5.8
8.4
11.1
5.0
5.1
4.3
5.8
3.2
7.4
6.9
7.5
5.9
5.6
6.7
6.0
6.2
3.0
6.5
3.6
5.4
7.3
4.9
5.9
6.5
3.6
6.6
7.0
7.9
6.3
11.2
8.8
6.0
6.5
6.4
6.0
5.7
4.7
3.1
6.1
5.8
6.0
9.2
9.0
8.3
6.5
5.1
5.8
5.8
4.9
3.3
7.0
5.4
5.5
2.6
1.8
7.1
6.7
5.6
2.3
8.4
5.6
5.6
4.3
5.5
5.2
6.8
4.3
16.9
10.0
6.2
4.9
5.3
6.2
6.0
6.6
9.5
4.2
5.0
5.5
7.1
7.2
4.6
8.0
3.6
3.7
9.1
5.7
8.3
7.3
5.5
52.6
7.9
5.2
3.9
9.0
4.1
12.9
7.9
9.0
7.5
7.1
7.1
4.7
4.7
5.1
4.9
5.7
3.5
2.2
5.0
6.0
3.6
7.0
3.5
2.6
5.6
7.9
8.5
5.8
6.0
19.5
7.5
5.2
5.3
4.8
4.0
12.2
7.6
6.4
7.7
5.8
5.2
6.5
4.6
5.7
Rank in
United States
Dollars
2005
30,581
26,840
35,839
28,387
29,734
26,830
30,367
30,713
30,545
30,050
27,084
31,408
23,363
22,345
29,625
32,422
30,123
19,342
23,216
36,893
27,659
28,055
31,311
27,781
29,483
33,922
27,719
32,526
33,289
21,906
29,862
25,914
37,441
34,162
27,529
28,556
29,522
22,429
38,281
39,287
26,749
16,738
30,133
34,052
22,995
38,342
27,005
42,615
37,361
42,457
30,101
25,211
26,995
27,405
31,029
31,356
28,203
24,312
31,962
26,535
25,626
26,745
45,223
54,166
36,056
39,354
19,926
46,221
29,361
39,181
27,720
39,059
26,115
28,148
33,243
34,204
37,869
31,828
32,572
28,046
40,845
2006
31,896
27,718
37,566
28,735
32,575
28,222
32,811
32,132
31,949
31,594
27,724
34,250
30,224
23,548
31,018
33,556
31,848
20,127
24,293
38,281
29,137
31,065
32,495
29,152
30,275
35,487
28,793
33,887
35,070
22,663
32,178
26,781
39,880
36,000
28,834
29,661
30,757
22,580
40,088
41,368
27,575
17,409
31,785
35,470
23,182
40,737
28,158
48,644
39,536
44,237
31,535
27,360
27,811
28,511
32,521
32,987
30,011
25,019
33,825
27,735
26,560
27,809
47,491
57,446
37,758
41,454
40,211
49,789
31,017
40,300
29,012
41,068
28,989
29,650
35,637
35,903
40,106
33,092
33,874
29,226
42,746
2007p
33,239
29,024
39,402
30,325
34,717
29,388
34,653
33,402
33,230
33,091
28,901
36,853
33,448
24,324
31,418
35,165
32,883
21,103
25,351
39,828
30,594
32,380
34,268
30,740
32,139
37,247
29,857
35,463
37,785
24,170
34,529
28,046
41,875
37,675
30,261
30,719
31,670
23,726
41,679
43,518
28,241
18,320
33,150
37,183
23,864
43,001
29,474
52,294
41,358
46,458
32,933
28,531
29,149
29,561
33,167
34,333
31,601
25,446
35,618
28,772
27,240
28,177
50,817
61,788
39,040
43,820
46,188
53,423
32,626
42,586
29,412
43,232
31,788
31,017
37,385
37,809
41,976
34,236
35,825
30,361
44,927
2007p
Percent change from
preceding period
2006
183
300
63
266
146
290
150
178
184
188
304
107
177
353
234
132
193
361
350
59
258
207
159
251
218
95
277
127
86
355
151
323
42
87
270
253
227
358
44
35
320
363
187
98
357
37
287
11
45
20
192
314
297
284
186
155
228
348
124
307
334
322
12
2
68
33
23
8
200
2007p
4.3
3.3
4.8
1.2
9.6
5.2
8.0
4.6
4.6
5.1
2.4
9.0
29.4
5.4
4.7
3.5
5.7
4.1
4.6
3.8
5.3
10.7
3.8
4.9
2.7
4.6
3.9
4.2
5.4
3.5
7.8
3.3
6.5
5.4
4.7
3.9
4.2
0.7
4.7
5.3
3.1
4.0
5.5
4.2
0.8
6.2
4.3
14.1
5.8
4.2
4.8
8.5
3.0
4.0
4.8
5.2
6.4
2.9
5.8
4.5
3.6
4.0
5.0
6.1
4.7
5.3
101.8
38
288
36
7.7
5.6
2.9
4.7
5.1
222
11.0
241
92
84
39
160
5.3
7.2
5.0
5.9
4.0
4.0
4.2
4.7
120
265
29
4.2
4.7
4.9
5.5
6.6
4.1
5.6
4.0
4.0
4.7
4.2
7.6
10.7
3.3
1.3
4.8
3.2
4.8
4.4
4.0
5.0
4.2
5.5
5.4
6.2
5.0
3.7
4.7
7.7
6.6
7.3
4.7
5.0
4.7
4.9
3.6
3.0
5.1
4.0
5.2
2.4
5.2
4.3
4.8
2.9
5.6
4.7
7.5
4.6
5.0
4.4
4.3
4.8
3.7
2.0
4.1
5.3
1.7
5.3
3.7
2.6
1.3
7.0
7.6
3.4
5.7
14.9
7.3
5.2
5.7
1.4
5.3
9.7
4.6
4.9
5.3
4.7
3.5
5.8
3.9
5.1
March 2009
Su r v e y
of
D-77
C u r r e n t B usin ess
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2005-2007—Continues
Per capita personal income1
Personal income
Area
Palm Bay-Melbourne-Titusville, F L ..............................
Palm Coast, FL......................
Panama City-Lynn Haven, FL.
Parkersburg-Marietta-Vienna, WV-OH........................
Pascagoula, M S..........................................................
Pensacola-Ferry Pass-Brent, FL.................................
Peoria, IL.....................................................................
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD,
Phoenix-Mesa-Scottsdale, AZ.....................................
Pine Bluff, AR..............................................................
Pittsburgh, PA..............................................................
Pittsfield, MA...............................................................
Pocatello, ID ................................................................
Portland-South Portland-Biddeford, ME.......................
Portland-Vancouver-Beaverton, OR-WA......................
Port St. Lucie, FL.........................................................
Poughkeepsie-Newburgh-Middletown, NY...................
Prescott, A Z ................................................................
Providence-New Bedford-Fall River, RI-MA.................
Provo-Orem, UT..........................................................
Pueblo, CO..................................................................
Punta Gorda, FL
Racine, Wl ...
Raleigh-Cary, NC
Rapid City, SD
Reading, PA....
Redding, CA...
Reno-Sparks, NV........................................................
Richmond, VA..............................................................
Riverside-San Bernardino-Ontario, CA........................
Roanoke, V A ...............................................................
Rochester, M N............................................................
Rochester, NY.............................................................
Rockford, IL.................................................................
Rocky Mount, NC........................................................
Rome, G A ...................................................................
Sacramento-Arden-Arcade-Roseville, CA....................
Saginaw-Saginaw Township North, M l........................
St. Cloud, MN..............................................................
St. George, UT............................................................
St. Joseph, MO-KS.....................................................
St. Louis, MO-IL..........................................................
Salem, OR...................................................................
Salinas, C A .................................................................
Salisbury, M D..............................................................
Salt Lake City, UT............................
San Angelo, TX...............................
San Antonio, TX ..............................
San Diego-Carlsbad-San Marcos, CA
Sandusky, O H.................................
San Francisco-Oakland-Fremont, CA
San Jose-Sunnyvale-Santa Clara, CA.........................
San Luis Obispo-Paso Robles, CA..............................
Santa Barbara-Santa Maria-Goleta, CA.......................
Santa Cruz-Watsonville, CA.............
Santa Fe, NM..................................
Santa Rosa-Petaluma, CA...............
Savannah, GA.................................
Scranton-Wilkes-Barre, PA...............
Seattle-Tacoma-Bellevue, WA.....................................
Sebastian-Vero Beach, FL..........................................
Sheboygan, W l............................................................
Sherman-Denison, T X ................................................
Shreveport-Bossier City, LA........................................
Sioux City, IA-NE-SD...................................................
Sioux Falls, SD............................................................
South Bend-Mishawaka, IN-MI....................................
Spartanburg, SC
Spokane, WA
Springfield, IL
Springfield, MA............................................................
Springfield, M O ...........................................................
Springfield, OH
State College, PA........................................................
Stockton, CA.
Sumter, SC..................................................................
Syracuse, N Y ..............................................................
See the footnotes at the end of the table.
Percent change from
preceding period 2
Millions of dollars
2005
2006
17,023
2,148
4,909
4,309
3,919
12,580
12,319
237,201
126,848
2,433
85,876
4,797
18,130
2,391
5,267
4,555
4,214
13,482
13,237
251,979
138,465
2,554
91,101
5,049
2,100
18,124
73,087
13,580
22,649
5,033
57,029
9,801
3,816
4,736
6,475
34,010
3,814
12,449
5,155
16,669
43,550
104,067
9,437
6,504
35,424
9,618
3,886
2,705
71,974
5,630
5,215
2,784
3,208
99,882
10,327
14,772
3,250
35,098
3,045
58,722
118,793
2,582
224,702
89,926
8,768
16,500
10,519
5,516
18,926
10,290
16,724
135,770
6,387
3,850
3,015
11,659
4,155
7,578
10,027
7,221
12,573
6,787
22,210
11,165
3,988
4,069
17,257
2,603
20,374
2,221
18,938
78,618
14,744
24,096
5,538
59,425
10,669
4,009
5,129
6,853
37,242
3,990
13,331
5,491
17,834
45,699
111,596
9,921
6,858
37,300
10,189
4,058
2,827
76,481
5,851
5,476
3,087
3,426
105,191
11,057
15,586
3,399
37,883
3,195
63,546
126,194
2,659
240,484
97,685
9,334
17,490
11,322
5,977
20,038
11,112
17,558
148,015
7,002
4,036
3,231
12,367
4,325
7,983
10,459
7,628
13,541
7,075
23,103
11,710
4,161
4,313
18,125
2,732
21,465
2007p
18,854
2,552
5,459
4,770
5,016
14,079
14,032
264,937
146,322
2,686
96,463
5,308
2,355
19,954
83,765
15,945
25,538
5,933
62,221
11,701
4,290
5,372
7,193
40,488
4,221
14,125
5,846
19,174
48,243
117,297
10,368
7,265
39,229
10,747
4,266
2,941
80,654
5,927
5,798
3,338
3,665
111,032
11,727
16,559
3,591
41,381
3,349
68,239
133,369
2,721
257,854
105,902
9,942
18,642
12,065
6,466
21,255
11,882
18,517
160,501
7,666
4,261
3,453
12,984
4,647
8,508
10,903
8,100
14,469
7,485
24,314
12,423
4,280
4,549
19,286
2,836
22,712
2007p
2006
6.5
11.3
7.3
5.7
7.5
7.2
7.5
4.0
6.7
3.6
4.7
19.0
4.4
6.2
5.1
5.7
5.2
5.9
5.1
9.2
5.0
6.1
5.3
5.8
4.5
7.6
8.6
6.4
10.0
4.2
8.9
5.1
8.3
5.8
9.5
4.6
7.1
6.5
7.0
4.9
7.2
5.1
5.4
5.3
5.9
4.4
4.5
6.3
3.9
5.0
10.9
6.8
5.3
7.1
5.5
4.6
7.9
4.9
8.2
6.2
3.0
7.0
8.6
6.5
6.0
7.6
8.4
5.9
8.0
5.0
9.0
9.6
4.8
7.1
6.1
4.1
5.3
4.3
5.6
7.7
4.3
4.0
4.9
4.3
6.0
5.0
4.9
5.4
Rank in
United States
Dollars
6.0
6.0
5.4
6.5
8.1
6.0
7.1
4.7
9.7
7.0
4.7
5.0
8.7
5.8
6.0
6.5
7.5
5.6
5.1
4.5
5.9
5.2
5.5
5.1
4.0
5.5
1.3
5.9
8.1
7.0
5.6
6.1
6.2
5.6
9.2
4.8
7.4
5.7
2.3
7.2
8.4
6.5
6.6
6.6
8.2
6.1
6.9
5.5
8.4
9.5
5.6
6.9
5.0
7.4
6.6
4.2
6.2
6.9
5.8
5.2
6.1
2.9
5.5
6.4
3.8
5.8
2005
32,314
28,474
30,378
26,643
25,248
28,267
33,540
40,948
32,660
23,456
36,159
36,614
24,358
35,425
34,921
36,086
34,164
25,460
35,412
21,127
25,438
30,886
33,404
35,585
32,287
31,617
29,010
42,219
37,082
26,818
32,308
36,886
34,294
28,311
27,004
28,705
35,318
27,246
28,741
23,353
26,345
35,991
27,699
36,137
28,016
33,469
28,519
31,189
40,383
33,171
54,191
51,277
33,959
40,968
42,017
39,522
40,821
32,730
30,476
42,356
50,369
33,861
26,046
30,543
29,444
35,276
31,741
27,179
28,544
33,083
32,475
27,860
28,157
28,696
26,239
24,831
31,445
2006
34,081
29,001
32,081
28,285
28,156
29,880
35,887
43,364
34,215
24,838
38,550
38,774
25,490
37,000
36,845
37,937
36,164
26,786
37,040
22,187
26,363
33,510
35,209
37,221
33,498
33,432
30,762
44,337
38,233
27,936
33,693
38,341
36,179
29,502
28,071
29,730
37,078
28,550
29,864
24,248
28,032
37,652
29,107
38,373
28,737
35,145
29,680
32,810
42,801
34,292
57,747
55,020
35,872
43,510
45,194
42,363
43,318
34,563
32,002
45,369
54,045
35,419
27,591
31,941
30,450
36,017
33,082
28,261
30,266
34,365
33,815
28,518
29,463
29,910
27,272
26,242
33,198
2007p
35,164
28,866
33,290
29,691
32,992
31,048
37,801
45,460
35,010
26,469
40,949
40,898
26,881
38,889
38,511
39,850
38,121
27,900
38,868
23,720
27,760
35,151
36,869
38,648
35,091
35,140
32,582
46,734
39,773
28,740
34,963
40,118
38,068
30,507
29,299
30,754
38,570
29,304
31,248
24,951
29,719
39,602
30,324
40,623
30,020
37,620
30,983
34,279
44,832
35,187
61,337
58,716
37,884
46,120
47,923
45,230
45,766
36,078
33,703
48,499
58,144
37,209
29,096
33,500
32,542
37,453
34,432
29,396
31,718
36,229
35,617
29,577
30,471
31,445
28,743
27,283
35,196
2007p
133
305
181
279
191
240
85
26
140
345
50
52
339
74
78
58
80
324
75
359
326
134
106
76
139
136
Percent change from
preceding period
2007p
2006
5.5
1.9
5.6
6.2
11.5
5.7
7.0
5.9
4.8
5.9
6.6
5.9
4.6
4.4
5.5
5.1
5.9
5.2
4.6
5.0
3.6
8.5
5.4
4.6
3.8
5.7
201
6.0
19
60
310
142
56
81
260
293
250
77
292
235
352
278
61
267
53
274
89
244
158
30
131
3
4
83
24
16
27
25
118
172
13
5
97
298
175
203
91
153
289
224
114
125
282
263
232
309
332
130
5.0
3.1
4.2
4.3
3.9
5.5
4.2
4.0
3.6
5.0
4.8
3.9
3.8
6.4
4.6
5.1
6.2
2.6
5.0
4.1
5.2
6.0
3.2
-0.5
3.8
5.0
17.2
3.9
5.3
4.8
2.3
6.6
6.2
5.5
5.5
5.1
4.5
5.0
5.4
4.2
4.9
6.9
5.3
4.9
4.7
3.8
4.8
5.1
5.9
5.4
4.0
2.9
3.8
4.6
5.2
3.4
4.4
3.4
4.0
2.6
4.6
2.9
6.0
5.2
4.2
5.9
4.5
7.0
4.4
4.5
4.7
6.6
2.6
6.2
7.3
5.6
6.7
5.6
6.2
6.0
6.0
6.8
3.4
7.6
7.2
6.1
5.6
5.0
7.1
7.3
4.6
5.9
4.6
3.4
2.1
4.2
4.0
6.0
3.9
4.1
2.4
4.6
4.2
3.9
5.7
5.6
5.7
4.4
5.3
6.9
7.6
5.1
5.5
4.9
6,9
4.0
4.1
4.0
4.8
5.4
5.3
3.7
3.4
5.1
5.4
4.0
6.0
D-78
Regional Data
March 2009
Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2005-2007— Table Ends
Per capita personal income1
Personal income
2005
Tallahassee, F L...........................................................
Tampa-St. Petersburg-Clearwater, FL..........................
Terre Haute, IN............................................................
Texarkana, TX-Texarkana, AR.....................................
Toledo, OH...................................................................
Topeka, KS..................................................................
Trenton-Ewing, NJ
Tucson, A Z ...
Tulsa, OK.....
Tuscaloosa, AL
Tyler, T X ......
Utica-Rome, NY
Valdosta, G A ...............................................................
Vallejo-Fairfield, CA.....................................................
Victoria, TX..................................................................
Vineland-Millville-Bridgeton, N J...................................
Virginia Beach-Norfolk-Newport News, VA-NC............
Visalia-Porterville, CA..................................................
Waco, TX.....................................................................
Warner Robins, G A.....................................................
Washington-Arlington-Alexandria, DC-VA-MD-WV......
Waterloo-Cedar Falls, IA .............................................
Wausau, W l.................................................................
Weirton-Steubenville, WV-OH......................................
Wenatchee, WA...........................................................
Wheeling, WV-OH.......................................................
Wichita, KS..................................................................
Wichita Falls, TX..........................................................
Williamsport, PA..........................................................
Wilmington, NC
Winchester, VA-WV.....................................................
Winston-Salem, NC
Worcester, MA
Yakima, W A..
York-Hanover PA
Youngstown-Warren-Boardman, OH-PA.......................
Yuba City, CA...............................................................
Yuma, AZ.....................................................................
Percent change from
preceding period 2
Millions of dollars
Area
10,209
89,013
4,323
3,601
20,184
6,903
16,631
27,496
31,043
5,782
6,070
8,086
3,102
13,654
3,295
4,176
54,862
9,615
6,081
3,590
258,222
4,958
4,109
3,258
2,864
4,097
20,170
4,461
3,213
9,380
3,460
14,599
28,498
5,753
13,162
16,234
4,004
3,807
2006
10,840
95,750
4,524
3,836
21,021
7,212
18,177
29,807
34,131
6,214
6,539
8,553
3,258
14,322
3,567
4,446
57,899
9,994
6,411
3,781
272,861
5,214
4,317
3,388
3,082
4,284
22,081
4,880
3,345
10,178
3,670
15,613
30,206
6,120
13,708
16,972
4,234
4,075
2007p
11,463
100,507
4,774
4,128
21,940
7,700
19,145
31,728
36,436
6,577
6,982
9,059
3,460
15,192
3,807
4,618
60,862
10,697
6,840
3,971
287,676
5,527
4,564
3,558
3,303
4,482
23,387
5,152
3,518
10,969
3,818
16,519
32,096
6,455
14,458
17,529
4,499
4,339
p Preliminary
1. Per capita personal income was computed using Census Bureau midyear population estimates.
2. Percent change calculated from unrounded data.
3. The metropolitan area definitions used by BEA for its personal income estimates are the new county-
2007p
2006
6.2
7.6
4.6
6.5
4.1
4.5
9.3
8.4
9.9
7.5
7.7
5.8
5.0
4.9
8.3
6.5
5.5
3.9
5.4
5.3
5.7
5.2
5.1
4.0
7.6
4.6
9.5
9.4
4.1
8.5
6.1
6.9
6.0
6.4
4.2
4.5
5.7
7.0
5.7
5.0
5.5
7.6
4.4
6.8
5.3
6.4
6.8
5.8
6.8
5.9
6.2
6.1
6.7
3.9
5.1
7.0
6.7
5.0
5.4
6.0
5.7
5.0
7.2
4.6
5.9
5.6
5.2
7.8
4.0
5.8
6.3
5.5
5.5
3.3
6.3
6.5
Rank in
United States
Dollars
2005
29,834
33,678
25,518
27,202
30,811
30,375
45,740
29,658
35,180
29,143
31,892
27,363
24,581
33,445
29,323
27,378
33,259
23,654
27,091
28,507
49,442
30,514
32,148
25,982
27,671
27,764
34,491
29,760
27,285
29,620
29,847
32,680
36,666
25,141
32,377
27,927
25,827
21,081
2006
31,180
35,541
26,695
28,650
32,209
31,679
49,847
31,418
38,219
30,660
33,569
29,013
25,381
35,074
31,649
28,834
34,858
24,153
28,340
29,525
51,868
31,949
33,444
27,335
29,267
29,253
37,471
32,653
28,502
30,918
30,849
34,311
38,748
26,510
33,071
29,434
26,391
21,925
2007p
32,536
36,898
28,193
30,756
33,704
33,670
52,388
32,807
40,227
32,051
35,140
30,722
26,582
37,180
33,450
29,689
36,692
25,376
29,984
30,308
54,211
33,839
35,121
29,024
30,817
30,814
39,210
34,779
30,115
32,309
31,506
35,666
41,077
27,697
34,339
30,714
27,412
22,772
2007p
Percent change from
preceding period
2007p
2006
204
104
321
249
171
173
10
197
55
219
136
252
343
99
176
280
108
349
275
268
6
168
138
300
247
248
67
145
272
209
230
123
49
328
154
254
330
360
4.5
5.5
4.6
5.3
4.5
4.3
9.0
5.9
8.6
5.2
5.3
6.0
3.3
4.9
7.9
5.3
4.8
2.1
4.6
3.6
4.9
4.7
4.0
5.2
5.8
5.4
8.6
9.7
4.5
4.4
3.4
5.0
5.7
5.4
2.1
5.4
2.2
4.0
4.3
3.8
5.6
7.4
4.6
6.3
5.1
4.4
5.3
4.5
4.7
5.9
4.7
6.0
5.7
3.0
5.3
5.1
5.8
2.7
4.5
5.9
5.0
6.2
5.3
5.3
4.6
6.5
5.7
4.5
2.1
3.9
6.0
4.5
3.8
4.3
3.9
3.9
based definitions issued by the Office of Management and Budget in June 2003 (with revisions released
February 2004, March 2005, December 2005, December 2006, and November 2007) for federal statistical
purposes.
Source: Table 1 “Personal Income for Metropolitan Areas for 2007” in the September 2008 S urvey of C urrent
B usiness.
March 2009
Su r v e y
of
D-79
C u r r e n t B usin ess
Table J.2. Gross Domestic Product (GDP) by Metropolitan Area for Industries, 2006—Continues
[Millions of dollars]
Metropolitan area
U.S. metropolitan portion........................................
Abilene, TX.............................................................
Akron, OH...............................................................
Albany, GA..............................................................
Albany-Schenectady-Troy, NY................................
Albuquerque, NM....................................................
Alexandria, LA........................................................
Allentown-Bethlehem-Easton, PA-NJ......................
Altoona, PA.............................................................
Amarillo, TX.....................................................
Ames, IA.
Anchorage, AK
Anderson, IN ...................................................
Anderson, SC
Ann Arbor, Ml
....................................................
Anniston-Oxford, A L...............................................
Appleton, Wl
Asheville, NC
Athens-Clarke County, GA......................................
Atlanta-Sandy Springs-Marietta, GA.......................
Atlantic City-Hammonton, NJ.................................
Auburn-Opelika, A L................................................
Augusta-Richmond County, GA-SC.........................
Austin-Round Rock, TX..........................................
Bakersfield, CA.......................................................
Baltimore-Towson, M D...........................................
Bangor, ME.......
Barnstable Town, MA..............................................
Baton Rouge, LA
Battle Creek, Ml..
Bay City, Ml
Beaumont-Port Arthur, TX......................................
Bellingham, WA.,
Bend, OR...........
Billings, MT
Binghamton, NY
Birmingham-Hoover, A L .........................................
Bismarck, ND
Blacksburg-Christiansburg-Radford, VA..................
Bloomington, IN......................................................
Bloomington-Normal, IL..........................................
Boise City-Nampa, ID.............................................
Boston-Cambridge-Quincy, MA-NH.........................
Boulder, CO
Bowling Green, KY
Bradenton-Sarasota-Venice, F L.............................
Bremerton-Silverdale, WA......................................
Bridgeport-Stamford-Norwalk, CT...........................
Brownsville-Harlingen, TX.......................................
Brunswick, GA........................................................
Buffalo-Niagara Falls, NY.......................................
Burlington, NC........................................................
Burlington-South Burlington, VT.............................
Canton-Massillon, O H ............................................
Cape Coral-Fort Myers, FL.....................................
Carson City, NV.
Casper, WY
Cedar Rapids, IA....................................................
Champaign-Urbana, IL...........................................
Charleston, W V......................................................
Charleston-North Charleston-Summerville, SC ....
Charlotte-Gastonia-Concord, NC-SC......................
Charlottesville, VA..................................................
Chattanooga, TN-GA................
Cheyenne, W Y ........................
Chicago-Naperville-Joliet, IL-IN-WI........................
Chico, C A ................................
Cincinnati-Middletown, OH-KY-IN............................
Clarksville, TN-KY....................
Cleveland, TN..........................
Cleveland-Elyria-Mentor, OH..................................
...........................................
Coeur d’Alene, ID
College Station-Bryan, TX
Colorado Springs, CO ...
Columbia, M O ..............
Columbia, SC...............
Columbus, GA-AL
Columbus, IN................
Columbus, OH........................................................
Corpus Christi, TX
Corvallis, OR
Cumberland, MD-WV.............................................
Dallas-Fort Worth-Arlington, TX.............................
Dalton, GA
Danville, IL....
Danville, VA
Davenport-Moline-Rock Island, IA-IL.......................
Dayton, OH.............................................................
Decatur, AL.............................................................
Decatur, IL..............................................................
Deltona-Daytona Beach-Ormond Beach, FL...........
Rank of total
GDP by
metropolitan
area
Total
39
78
19
250
187
56
265
352
130
207
11,786,575
4,927
26,179
4,541
35,896
32,864
4,542
27,199
3,831
8,435
3,399
23,577
3,109
4,378
17,799
3,507
8,705
12,740
5,613
257,032
13,252
3,257
16,448
71,176
25,067
125,918
5,034
8,183
36,848
4,649
2,690
13,476
6,714
221
6,011
253
74
273
58
61
272
71
302
182
327
82
342
278
103
316
179
137
229
10
134
333
110
223
206
48
295
261
245
200
84
9
111
290
79
188
34
212
341
55
282
164
141
90
344
224
156
201
135
81
21
184
97
297
3
228
29
177
338
26
300
226
88
235
68
161
308
33
123
315
360
6
231
361
351
116
60
255
262
149
5,980
6,825
51,535
3,954
4,702
5,193
7,276
23,125
275,756
16,263
4,038
24,772
8,115
78,387
6,555
3,134
40,561
4,308
9,567
12,541
21,838
3,013
5,678
11,093
7,269
13,092
24,056
114,147
8,332
19,103
3,948
485,002
5,625
93,370
8,752
3,158
101,605
3,857
5,669
22,296
5,448
28,401
10,026
3,640
85,514
14,352
3,532
2,256
338,493
5,556
2,107
2,694
15,490
33,547
4,826
4,680
11,919
Natural
Durable Nondurable
goods
resources Con
goods
and
struction manu
manu
mining
facturing facturing
Trade
259,662
640
148
124
565,294
208
1,039
743,848
(D)
(D)
(D)
1,629
1,932
246
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
210
(D)
(D)
(D)
(D)
353
669
1,284
298
397
561
73
(D)
(D)
380
596
1,677
542
1,169
150
177
1,368
174
307
119
(D)
3,114
561,131 1,452,424
699
(D)
4,178
1,861
Transpor
tation and
utilities
111
(D)
52
836
53
6,564
31
32
34
28
204
151
376
254
120
(D)
(D)
223
80
671
836
1,767
490
810
464
(D)
123
877
66
37
(D)
1,641
6,150
(D)
76
43
842
(D)
23
289
202
58
(D)
60
1,536
(D)
22
122
33
422
541
241
1,286
101
249
506
98
662
790
246
(D)
(D)
361
470
(D)
(D)
(D)
(D)
(D)
823
158
1,018
3,971
1,461
6,989
228
623
190
320
108
246
1,368
389
(D)
165
88
1,177
543
538
346
314
2,833
197
(D)
(D)
(D)
(D)
8,773
1,882
(D)
(D)
(D)
(D)
10,829
2,952
1,203
1,319
181
109
224
65
(D)
(D)
866
(D)
(D)
152
3,108
770
403
1,627
1,117
619
1,039
958
604
249
798
398
(D)
(D)
(D)
(D)
828
239
(D)
(D)
(D)
(D)
269
1,622
11,147
594
266
184
677
232
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
1,020
29,168
1,694
7,981
190
134
596
15,355
1,682
200
1,194
132
4,085
373
459
12
3,797
(D)
(D)
(D)
(D)
3,619
420
3,542
610
(D)
(D)
2,190
541
679
104
(D)
(D)
(D)
90
1,276
(D)
48
813
(D)
194
474
306
616
1,579
4,927
458
64
(D)
(D)
214
22,897
379
(D)
35
307
64
(D)
372
1,300
(D)
1,613
99
245
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
442
472
(D)
(D)
229
44
(D)
3,268
334
311
1,406
274
1,524
(D)
100
(D)
(D)
128
526
1,075
243
284
1,037
138
(D)
(D)
580
8,158
(D)
33
17,018
64
61
86
86
22
(D)
1,910
5,698
1,492
36
3,302
1,277
73
97
15,922
104
48
(D)
165
212
(D)
(D)
1,473
248
492
596
3,101
220
221
553
202
255
129
47
672
79
418
80
289
155
(D)
(D)
(D)
1,130
754
206
184
448
452
3,924
291
208
(D)
68
(D)
307
(D)
221
138
(D)
520
(D)
399
255
1,863
197
(D)
(D)
170
59
354
4,500
356
4,236
179
248
(D)
160
39
(D)
(D)
850
1,003
(D)
61
749
62
33
508
115
300
256
(D)
(D)
(D)
1,466
(D)
161
15,606
408
144
(D)
1,563
1,316
96
1,171
105
256
2,391
362
141
567,776 573,995
217
(D)
1,417
639
(D)
221
(D)
(D)
(D)
518
452
154
1,330
(D)
363
69
14
83
283
132
101
202
Infor
mation
(D)
(D)
266
(D)
(D)
(D)
3,362
848
7,954
947
555
147
2,907
342
785
162
3,457
163
(D)
(D)
(D)
5,054
587
1,776
125
326
1,096
52
(D)
246
1,227
39
55
641
(D)
(D)
3,067
351
684
1,352
783
1,028
(D)
(D)
(D)
(D)
(D)
11,797
(D)
5,091
(D)
1,445
541
26,417
237
4,291
223
97
4,180
140
385
(D)
831
(D)
(D)
397
12,636
543
627
(D)
(D)
(D)
(D)
(D)
(D)
258
105
2,216
695
4,202
539
149
1,790
194
142
5,114
(D)
(D)
(D)
(D)
(D)
1,528
189
(D)
(D)
459
1,338
(D)
(D)
(D)
(D)
(D)
(D)
(D)
313
10,443
(D)
(D)
266
46,192
144
2,447
(D)
(D)
201
(D)
(D)
690
4,256
1,635
353
354
2,258
3,361
537
506
1,719
(D)
(D)
(D)
640
574
860
133
132
61
(D)
170
19,345
271
143
(D)
1,129
2,076
200
596
288
(D)
(D)
(D)
680
5,092
315
444
(D)
(D)
124
(D)
(D)
(D)
2,758
114
174
1,107
133
(D)
(D)
45
2,851
316
131
72
22,775
(D)
47
33
342
1,451
69
91
365
Financial
activities
Pro
fessional
and
business
services
2,611,051 1,490,915
438
(D)
3,817
3,441
393
359
5,595
(D)
4,710
5,959
398
368
3,585
3,740
339
268
644
842
439
206
3,010
1,716
387
159
220
466
2,544
2,689
229
252
705
1,385
2,325
(D)
717
342
58,741
35,973
851
2,176
192
447
1,419
(D)
10,477
9,387
2,482
1,762
26,720
(D)
389
681
779
2,194
4,002
3,119
474
314
295
296
1,398
808
444
1,058
1,854
489
953
(D)
702
590
5,018
(D)
376
590
307
448
365
603
2,410
1,411
4,878
3,199
73,984
48,281
2,282
3,526
464
383
4,322
5,161
1,175
563
30,401
12,458
402
677
404
197
6,816
4,615
479
691
901
(D)
785
1,998
1,961
5,629
188
710
207
626
2,287
746
542
1,128
1,175
(D)
4,390
(D)
11,363
46,181
1,649
(D)
3,154
1,832
208
526
75,926
119,093
395
1,109
14,200
18,119
442
652
411
285
25,549
11,999
877
358
392
551
3,214
3,131
769
451
2,653
4,815
1,412
823
252
385
22,000
11,978
1,215
1,212
336
(D)
123
159
41,577
70,622
539
277
187
99
157
253
2,244
2,005
5,411
3,736
252
343
241
454
2,494
1,023
Education Leisure
Other
and health
Government
and
services
services hospitality
921,354
429,839 264,959
160
(D)
612
740
127
110
1,031
918
674
1,073
109
(D)
789
809
121
115
275
(D)
57
100
392
698
93
147
164
120
305
426
90
105
208
235
334
685
(D)
144
635
195
4,941
15,140
8,472
1,105
4,097
231
164
83
135
512
380
(D)
2,541
1,913
4,469
590
1,405
593
2,994
12,749
4,250
123
746
160
259
936
683
777
2,142
1,012
137
123
439
304
114
85
1,020
364
343
517
182
275
136
576
309
142
720
254
176
780
244
4,616
1,266
(D)
114
132
(D)
290
141
119
488
186
(D)
528
244
165
416
1,823
(D)
29,234
8,794
5,265
364
1,136
506
379
150
(D)
757
2,271
1,244
632
193
260
1,274
4,467
1,982
983
297
223
83
213
391
905
4,015
1,505
121
470
151
205
1,098
(D)
372
1,481
365
662
1,340
1,177
207
69
181
306
111
99
854
245
293
159
250
(D)
1,202
309
338
583
1,610
1,246
1,555
4,435
2,933
248
(D)
(D)
554
1,463
661
72
215
242
34,894
16,499
(D)
194
230
745
7,579
3,456
(D)
430
193
(D)
364
94
(D)
9,142
2,118
3,007
305
231
79
464
232
155
612
1,549
948
527
148
204
1,989
759
(D)
760
353
(D)
206
57
(D)
2,604
1,887
6,132
1,287
356
585
71
285
78
71
354
91
19,621
11,110 6,415
266
88
100
167
60
52
279
87
79
1,269
549
350
3,414
852
756
109
233
109
112
436
114
479
1,501
686
(D)
2,357
469
3,837
2,530
601
3,382
511
843
193
1,451
353
263
1,379
244
681
1,344,327
1,117
2,817
919
7,207
5,418
884
2,437
496
1,082
1,113
3,707
374
704
4,144
986
708
1,484
1,509
22,587
1,661
882
3,999
9,589
4,251
21,111
797
986
4,167
704
381
1,500
848
492
602
1,269
5,177
615
1,086
1,111
723
2,432
21,684
1,838
512
1,908
3,560
3,428
1,570
672
5,943
340
1,317
1,166
2,270
768
342
944
1,964
1,849
4,717
6,396
2,102
2,431
1,123
40,305
898
8,452
4,170
297
9,680
523
1,750
5,703
1,693
5,871
3,093
314
9,950
2,580
798
457
24,258
415
377
335
1,862
5,440
478
325
1,481
March 2009
Regional Data
D-80
Table J.2. Gross Domestic Product (GDP) by Metropolitan Area for Industries, 2006—Continues
[Millions of Dollars]
Metropolitan area
Denver-Aurora, CO..............................................
Des Moines-West Des Moines, IA........................
Detroit-Warren-Livonia, Ml....................................
Dothan, AL...........................................................
Dover, DE............................................................
Dubuque, IA.........................................................
Duluth, MN-WI.....................................................
Durtiam, NC.........................................................
Eau Claire, W l.....................................................
El Centro, CA.......................................................
Elizabethtown, KY...............................................
Elkhart-Goshen, IN..............................................
Elmira, NY
El Paso, TX
Erie, PA................................................................
Eugene-Springfield, O R .......................................
Evansville, IN-KY.................................................
Fairbanks, A K ....
Fargo, ND-MN....
Farmington, NM.
Fayetteville, NC..
Fayetteville-Springdale-Rogers, AR-MO...............
Flagstaff, A Z ........................................................
Flint, Ml........................
Florence, SC........................................................
Florence-Muscle Shoals, AL.................................
Fond du Lac, W l...........
Fort Collins-Loveland, CO
Fort Smith, AR-OK
.......................................
Fort Walton Beach-Crestview-Destin, F L.............
Fort Wayne, IN.....................................................
Fresno, CA...........................................................
Gadsden, AL
Gainesville, FL.....................................................
Gainesville, GA....................................................
Glens Falls, NY....................................................
Goldsboro, NC
Grand Forks, ND-MN............................................
Grand Junction, CO
.......................................
Grand Rapids-Wyoming, M l.................................
Great Falls, MT............
Greeley, CO.................
Green Bay, Wl..............
Greensboro-High Point, NC
Greenville, NC .............
Greenville-Mauldin-Easley, SC.............................
Gulfport-Biloxi, MS................................................
Hagerstown-Martinsburg, MD-WV........................
Hanford-Corcoran, CA.........................................
Harrisburg-Carlisle, PA.........................................
Harrisonburg, VA.................................................
H a rtfo rd-W e st H artfo rd-E a st H artford, CT............
Hattiesburg, MS...................................................
Hickory-Lenoir-Morganton, NC.............................
Hinesville-Fort Stewart, G A..................................
Holland-Grand Haven, M l.....................................
Honolulu, HI
Hot Springs, AR.
Houma-Bayou Cane-Thibodaux, LA.....................
Houston-Sugar Land-Baytown, TX.......................
Huntington-Ashland, WV-KY-OH...........................
Huntsville, AL....
Idaho Falls, ID......................................................
Indianapolis-Carmel, IN........................................
Iowa City, IA.........................................................
Ithaca, NY............................................................
Jackson, Ml..........................................................
Jackson, MS........................................................
Jackson, TN.........................................................
Jacksonville, FL...................................................
Jacksonville, NC...................................................
Janesville, Wl.......................................................
Jefferson City, MO................................................
Johnson City, T N .................................................
Johnstown, PA.....................................................
Jonesboro, AR.....................................................
Joplin, MO
Kalamazoo-Portage, M l........................................
Kankakee-Bradley, IL............................................
Kansas City, MO-KS.............................................
Kennewick-Pasco-Richland, WA...........................
Killeen-Temple-Fort Hood, t X ..............................
Kingsport-Bristol-Bristol, TN-VA...........................
Kingston, NY........................................................
Knoxville, TN........................................................
Kokomo, IN ..........................................................
La Crosse, WI-MN................................................
Lafayette, IN.........................................................
Lafayette, LA........................................................
Lake Charles, LA.................................................
Lake Havasu City-Kingman, AZ............................
Lakeland-Winter Haven, FL..................................
Rank of total
GDP by
metropolitan
area
17
62
Total
139,600
32,447
12 199,288
281
230
293
169
69
232
307
286
165
356
83
174
158
119
267
175
214
129
113
291
146
215
312
323
160
166
168
114
72
358
172
227
322
319
331
287
63
355
216
132
64
246
86
173
196
309
76
256
40
284
151
353
170
51
357
181
5
178
108
313
32
222
328
260
91
279
44
225
251
240
236
310
320
249
157
349
28
195
143
176
276
70
304
257
211
118
128
311
117
4,352
5,571
4,000
9,320
27,874
5,509
3,662
4,193
9,541
2,547
23,563
8,770
10,796
15,054
4,612
8,764
6,538
13,505
16,038
4,027
12,092
6,535
3,599
3,434
10,105
9,455
9,357
16,015
26,632
2,436
8,903
5,660
3,438
3,482
3,355
4,175
32,165
2,596
6,493
13,341
31,830
5,130
22,939
8,776
7,512
3,639
25,478
4,822
69,863
4,259
11,732
2,681
9,125
44,192
2,512
8,633
344,516
8,713
17,115
3,574
89,808
5,986
3,398
4,712
21,423
4,366
58,163
5,670
4,950
5,257
5,442
3,620
3,472
5,056
10,987
2,759
94,162
7,513
12,286
8,757
4,429
27,672
3,741
4,819
6,572
15,385
13,802
3,600
15,433
Natural
Con
resources
struction
and mining
(D)
(D)
(D)
(D)
7,975
209
279
144
433
724
265
24,315
4,887
6,788
236
547
106
95
85
942
162
73
581
7,352
(D)
157
317
116
921
301
536
757
264
466
252
442
810
235
501
285
181
71
68
99
61
190
884
438
212
3,204
(D)
468
49
(D)
59
55
81
144
829
17
114
2,214
27
79
71
65
57
165
389
(D)
52
836
186
252
(D)
122
68
57
463
177
172
174
106
(D)
7
253
154
67
2,034
(D)
208
69
82
Durable Nondurable
goods
goods
manu
manu
facturing
facturing
120
202
908
375
485
735
1,614
108
463
400
195
143
163
394
1,450
158
669
630
1,413
257
1,338
501
(D)
94
977
(D)
(D)
190
(D)
(D)
430
2,404
144
402
18,952
(D)
453
251
(D)
(D)
(D)
97
947
297
179
(D)
(D)
3,663
663
67
4,755
295
96
(D)
(D)
4,000
457
1,296
1,702
1,308
789
31
1,419
646
347
Trade
(D)
3,984
26,054
763
562
509
1,026
2,405
(D)
(D)
327
90
71
611
261
455
(D)
(D)
(D)
14
554
76
299
83
205
82
892
327
1,471
499
989
1,340
348
293
1,302
742
422
785
383
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
409
718
940
235
331
268
(D)
(D)
315
2,600
836
189
33
674
1,777
269
70
(D)
(D)
(D)
(D)
13
357
876
46
489
1,534
358
906
175
257
116
(D)
(D)
(D)
5,005
560
1,474
908
(D)
877
172
665
221
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
477
1,102
(D)
2,573
257
187
840
1,540
76
658
505
91
334
(D)
(D)
(D)
(D)
2,794
369
94
88
(D)
(D)
334
(D)
(D)
(D)
1,002
151
162
2,423
91
106
30
(D)
(D)
(D)
1,519
717
(D)
(D)
(D)
988
4,452
385
844
36,755
345
2,402
60
1,085
(D)
1,865
750
10,992
532
263
562
3,271
(D)
(D)
(D)
(D)
(D)
39
997
36
343
341
741
(D)
496
36
423
81
204
239
479
558
392
1,154
(D)
402
91
355
28
159
(D)
(D)
(D)
86
1,049
228
285
35
(D)
211
(D)
(D)
(D)
685
125
(D)
559
1,656
(D)
2,221
(D)
220
202
1,268
141
190
193
119
156
229
274
(D)
1,375
1,782
(D)
(D)
361
2,142
40
1,291
178
7,283
188
454
135
3,801
338
937
786
487
415
462
600
685
52
606
546
89
189
51
188
57
37
117
(D)
159
(D)
581
329
468
1,796
904
650
410
1,087
1,085
724
886
(D)
(D)
(D)
80
520
39
278
51
336
134
79
106
291
197
337
689
657
57
239
73
113
26
77
89
796
227
615
165
(D)
(D)
(D)
101
(D)
13,276
40,008
547
1,305
557
1,225
3,535
964
323
338
779
263
5,908
1,151
1,949
1,533
421
1,937
312
1,074
2,328
569
2,068
737
395
399
1,634
984
2,830
2,542
4,187
347
1,278
900
349
316
350
581
6,142
346
899
2,242
6,456
691
3,142
1,051
1,304
237
4,499
532
22,333
663
1,567
98
1,458
9,278
458
962
42,184
903
1,809
365
20,754
659
368
510
3,898
454
14,428
419
554
478
636
434
628
426
2,107
305
18,779
783
825
241
269
69
159
4,145
183
217
269
238
125
138
171
487
138
4,465
381
505
415
(D)
(D)
120
(D)
(D)
(D)
779
300
347
614
975
225
233
50
245
585
1,196
290
755
505
521
704
440
(D)
(D)
(D)
136
278
(D)
(D)
(D)
(D)
837
1,113
236
3,265
1,847
452
133
767
67
262
(D)
(D)
(D)
(D)
357
661
616
(D)
(D)
493
255
(D)
(D)
1,686
(D)
237
712
51
1,016
627
2,427
(D)
(D)
194
140
(D)
433
143
974
1,225
190
(D)
128
348
604
150
269
135
668
(D)
182
5,252
224
392
380
Financial
activities
1,436
6,964
621
366
1,263
347
2,823
1,036
1,336
(D)
56
77
103
41
64
6,272
1,090
9,104
583
205
185
889
590
Infor
mation
92
197
266
572
170
39
123
107
36
1,080
32
(D)
Transpor
tation and
utilities
111
1,279
44
86
(D)
197
412
136
2,598
256
64
47
938
88
1,832
49
123
319
323
102
66
107
204
49
(D)
82
217
(D)
(D)
(D)
134
1,028
(D)
676
4,427
242
723
923
1,820
591
603
2,071
111
286
246
399
(D)
191
1,042
42
206
(D)
357
477
94
298
Pro
fessional Education Leisure
Other
and health
and
and
Government
services
business services hospitality
services
20,574
2,359
35,709
259
256
196
452
3,502
483
134
217
544
150
1,359
573
977
1,084
152
697
156
(D)
2,396
213
955
394
207
146
1,513
886
885
1,224
2,055
150
679
371
249
147
172
305
(D)
169
467
1,107
2,953
329
2,975
697
541
86
2,789
231
8,039
265
844
136
644
4,461
143
523
8,035
2,183
15,942
452
371
458
1,306
3,082
679
144
227
549
337
1,626
1,179
1,139
1,299
254
852
289
627
942
429
1,390
557
272
323
847
728
400
1,859
2,444
347
1,155
576
406
327
392
461
2,955
364
428
1,225
2,418
460
1,460
466
705
216
2,534
334
6,124
509
(D)
39
432
3,493
380
465
(D)
(D)
565
3,565
750
1,167
915
364
(D)
(D)
304
439
1,359
479
1,920
490
212
276
2,087
266
(D)
(D)
205
301
323
368
368
184
286
161
502
398
629
597
470
595
(D)
1,112
142
12,727
409
6,333
534
802
948
476
2,518
2,200
601
669
357
3,410
148
376
309
(D)
550
220
2,256
201
763
649
1,057
520
389
1,400
4,985
947
6,590
133
2,989
641
4,310
212
146
81
243
500
145
95
90
192
67
473
257
290
328
78
206
214
326
677
154
89
97
164
78
616
256
357
457
151
323
135
(D)
483
443
377
187
123
90
410
206
391
454
786
90
362
143
265
68
116
172
854
115
149
(D)
112
270
320
97
340
152
116
88
278
191
199
366
783
77
232
119
84
82
75
134
728
65
188
(D)
(D)
844
637
(D)
112
773
912
240
76
842
158
1,725
167
305
33
189
2,897
194
225
7,870
249
418
99
3,318
195
109
133
613
119
2,277
134
133
118
204
96
105
150
378
562
164
182
102
3,441
255
221
293
251
1,082
104
159
195
458
661
184
490
68
720
90
1,405
98
265
57
215
1,085
74
194
5,776
215
349
84
1,972
114
73
132
505
108
1,434
81
114
154
12,424
2,721
16,884
540
1,656
248
1,489
3,708
648
1,111
1,634
456
441
5,071
998
1,619
967
1,609
900
595
7,266
1,583
997
1,602
950
744
319
1,582
988
2,617
1,212
4,212
297
2,887
571
604
859
883
548
2,426
649
732
1,167
2,474
1,366
2,687
2,391
1,178
1,421
4,392
518
7,132
793
1,205
1,990
830
11,525
284
641
22,967
1,243
3,903
372
7,355
2,036
376
630
3,177
679
7,531
3,839
503
1,441
202
886
118
85
138
292
80
590
448
447
1,333
344
10,252
1,081
6,553
859
958
3,154
405
563
1,308
902
755
472
1,694
(D)
175
263
245
135
683
79
125
(D)
264
(D)
106
450
March 2009
Survey
of
D-81
C u r r e n t B usin ess
Table J.2. Gross Domestic Product (GDP) by Metropolitan Area for Industries, 2006—Continues
[Millions of Dollars]
Metropolitan area
Lancaster, PA.......................................................
Lansing-East Lansing, Ml....................................
Laredo, TX...........................................................
Las Cruces, NM
Las Vegas-Paradise, NV......................................
Lawrence, KS
Lawton, OK..........................................................
Lebanon, PA
Lewiston, ID-WA..................................................
Lewiston-AuDurn, M E..........................................
Lexington-Fayette, K Y .........................................
Lima, O H.............................................................
Lincoln, NE..........................................................
Little Rock-North Little Rock-Conway, AR ............
Logan, UT-ID.......................................................
Longview, TX.......................................................
Longview, WA......................................................
Los Angeles-Long Beach-Santa Ana, CA............
Louisville-Jefferson County, KY-IN........................
Lubbock, T X ........................................................
Lynchburg, VA.....................................................
Macon, G A ..........................................................
Madera, CA.........................................................
Madison, W l........................................................
Manchester-Nashua, NH.....................................
Mansfield, OH......................................................
McAllen-Edinburg-Mission, T X .............................
Medford, OR........................................................
Memphis, TN-MS-AR..........................................
Merced, C A .........................................................
Miami-Fort Lauderdale-Pompano Beach, FL
Michigan City-La Porte, IN...................................
Midland, T X .........................................................
Milwaukee-Waukesha-West Allis, W l...................
Minneapolis-St. Paul-Bloomington, MN-WI..........
Missoula, MT.......................................................
Mobile, A L ...........................................................
Modesto, CA........................................................
Monroe, LA..........................................................
Monroe, Ml
Montgomery, A L ..................................................
Morgantown, WV.................................................
Morristown, TN....................................................
Mount Vernon-Anacortes, WA.............................
Muncie, IN ...........................................................
Muskegon-Norton Shores, M l.............................
Myrtle Beach-North Myrtle Beach-Conway, S C ....
Napa, CA.............................................................
Naples-Marco Island, FL.....................................
Nashville-Davidson-Murfreesboro-Franklin, TN ,
New Haven-Milford, C T .......................................
New Orleans-Metairie-Kenner, LA........................
New York-Northern New Jersey-Long Island, NYNJ-PA ..............................................................
Niles-Benton Harbor, M l......................................
Norwich-New London, C T...................................
Ocala, FL.............................................................
Ocean City, NJ.....................................................
Odessa, TX
Ogden-Clearfield, UT
Oklahoma City, OK
Olympia, WA
Omaha-Council Bluffs, NE-IA...............................
Orlando-Kissimmee, FL.......................................
Oshkosh-Neenah, W l..........................................
Owensboro, K Y ...................................................
Oxnard-Thousand Oaks-Ventura, CA...................
Palm Bay-Melbourne-Titusville, FL.......................
Palm Coast, FL....................................................
Panama City-Lynn Haven, FL..............................
Parkersburg-Marietta-Vienna, WV-OH.................
Pascagoula, M S..................................................
Pensacola-Ferry Pass-Brent, F L ..........................
Peoria, IL.............................................................
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Phoenix-Mesa-Scottsdale, AZ.............................
Pine Bluff, A R ......................................................
Pittsburgh, PA......................................................
Pittsfield, MA
Pocatello, ID
Portland-South Portland-Biddeford, M E...............
Portland-Vancouver-Beaverton, OR-WA..............
Port St. Lucie, FL.................................................
Poughkeepsie-Newburgh-Middletown, NY...........
Prescott, AZ.........................................................
Providence-New Bedford-Fall River, RI-MA..........
Provo-Orem, UT..................................................
Pueblo, CO..........................................................
Punta Gorda, FL..................................................
Racine, W l...........................................................
Raleigh-Cary, NC.................................................
Rank of total
GDP by
metropolitan
area
102
106
234
277
31
335
301
334
362
326
92
289
140
67
354
185
350
2
47
183
192
198
337
65
98
303
148
218
43
238
11
340
180
35
14
285
125
122
220
299
126
264
324
274
339
263
171
208
121
36
57
41
Total
17,804
17,441
5,450
4,417
91,500
3,227
3,856
3,227
1,657
3,402
21,238
4,126
12,545
28,525
2,658
8,238
2,716
680,230
53,045
8,389
7,701
7,345
3,162
30,160
19,061
3,801
12,026
6,146
60,564
5,381
248,029
3,145
8,700
77,660
179,683
4,200
13,892
14,356
6,067
3,868
13,859
4,651
3,431
4,478
3,147
4,673
9,064
6,654
14,572
73,658
36,070
66,450
1 1,123,532
248
139
199
294
258
120
49
193
53
27
204
296
59
109
363
219
242
268
136
115
7
15
348
24
241
359
85
25
155
95
280
42
147
317
318
213
50
5,059
12,568
7,341
3,957
4,776
15,020
50,409
7,623
41,656
97,384
6,925
3,951
34,359
16,912
1,422
6,104
5,240
4,610
13,040
15,633
311,662
179,489
2,771
106,496
5,256
2,301
23,091
103,413
11,118
19,593
4,362
62,546
12,064
3,485
3,483
6,551
47,851
Natural
resources
and
mining
393
(D)
(D)
216
167
15
24
87
35
29
939
22
136
268
83
1,449
113
5,721
357
326
42
159
507
(D)
36
(D)
628
169
274
959
1,323
55
4,767
164
(D)
50
349
1,146
Con
struction
1,486
694
200
212
8,856
153
89
141
Durable
goods
manu
facturing
1,902
1,566
46
227
2,085
108
Nondurable
goods
manu
facturing
1,827
371
24
68
825
241
(D)
(D)
401
403
(D)
(D)
(D)
(D)
676
778
857
530
1,166
(D)
(D)
(D)
(D)
(D)
(D)
291
1,169
265
36,819
391
28,051
(D)
(D)
90,174
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
386
(D)
354
217
1,389
804
143
594
587
2,367
302
16,174
161
688
88
366
(D)
472
(D)
(D)
1,733
1,091
234
341
100
234
134
(D)
(D)
124
6,474
579
2,874
(D)
79
836
2,527
102
1,689
24
(D)
(D)
1,478
252
127
378
467
(D)
26
64
77
403
1,448
(D)
(D)
2,806
502
2,088
(D)
(D)
(D)
37,899
202
(D)
(D)
263
95
(D)
(D)
(D)
(D)
784
9,236
94
847
586
114
858
1,300
(D)
(D)
101
(D)
2,801
7,675
225
919
904
243
422
933
264
194
252
7,168
125
400
523
25
124
2,017
40
42
27
91
33
905
1,704
116
448
(D)
47
121
211
166
(D)
(D)
(D)
195
30
(D)
(D)
(D)
(D)
26,626
4,276
344
270
522
108
(D)
(D)
(D)
102
713
(D)
334
(D)
(D)
(D)
(D)
114
189
(D)
816
(D)
(D)
284
539
(D)
202
243
29
31
55
424
352
263
82
(D)
811
216
3,716
151
274
935
180
146
297
144
185
774
470
1,992
12
817
(D)
800
425
10,174
88
75
193
2,724
Transpor
tation and
utilities
206
932
182
514
1,351
133
419
239
24,586
(D)
102
Trade
686
(D)
597
(D)
6,331
(D)
11,982
(D)
161
2,954
(D)
(D)
548
2,144
2,083
937
400
331
908
662
281
591
Infor
mation
525
405
77
113
1,879
176
55
48
32
87
728
97
303
(D)
(D)
81
1,469
1,013
152
367
186
344
7,796
5,194
329
1,334
(D)
12,168
675
67,091
318
534
17,982
45,158
963
2,423
2,426
673
479
2,188
793
311
571
426
724
2,956
1,271
4,889
12,609
6,821
8,602
64
566
43
52,202
(D)
(D)
131
12,184
60
176
2,896
7,061
152
394
226
561
36
(D)
233
95
(D)
211
(D)
176
45
1,083
48
661
372
676
1,240
633
1,658
46
46
146
227
138
263
(D)
(D)
(D)
1,461
2,534
2,736
1,914
1,935
11,345
4,913
157
145
176
164
154
286
2,781
1,073
1,866
(D)
(D)
1,188
36,356
177
394
751
315
359
1,023
1,865
390
2,166
7,324
265
(D)
1,508
1,517
119
509
310
232
1,167
743
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
88,141
71
229
506
19
347
144
29
96
(D)
(D)
(D)
139
(D)
3,085
968
(D)
(D)
13,937
129
4,511
271
104
(D)
4,680
1,055
1,003
460
3,138
959
259
450
288
2,917
112
531
1,016
1,225
403
936
1,618
(D)
1,106
(D)
(D)
952
1,392
12,772
(D)
(D)
2,188
2,066
77
213
(D)
(D)
281
3,401
73
3
90
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
(D)
284
(D)
(D)
4,865
2,055
153
711
635
386
1,689
1,624
35,914
25,450
(D)
12,497
512
164
112
(D)
(D)
(D)
3,154
348
(D)
(D)
145
(D)
(D)
(D)
(D)
(D)
200
(D)
271
44
48
66
6
1,128
2,149
1,321
2,911
(D)
1,762
2,902
648
(D)
1,511
461
505
751
6,077
808
310
131
168
630
1,928
224
4,965
2,690
(D)
269
726
392
28
195
(D)
(D)
212
61
126
(D)
(D)
154
(D)
4,344
195
(D)
1,065
409
66
213
(D)
(D)
239
452
1,030
13,920
7,826
297
7,245
123
113
524
372
11,290
5,376
(D)
(D)
4,305
880
1,056
95
2,805
296
288
45
196
1,781
(D)
111
(D)
(D)
66
2,527
4,045
773
575
23,438
483
338
223
225
3,605
345
2,539
4,741
287
515
269
180,387
9,791
949
1,150
445
943
Financial
activities
(D)
4,808
123
(D)
714
3,905
240
530
67
2,394
(D)
74
63
67
2,967
1,120
358,417
741
1,306
1,354
1,406
400
2,684
7,575
1,177
8,992
27,467
739
449
7,551
2,250
427
1,271
576
310
1,925
1,627
87,995
48,547
206
21,376
1,424
238
5,792
(D)
2,372
3,041
689
14,714
1,705
372
898
694
11,033
Pro
fessional
and
business
services
1,482
(D)
(D)
379
9,509
275
179
165
134
282
2,068
210
1,083
2,682
229
480
88
90,256
5,096
531
503
632
141
(D)
2,194
176
698
496
6,788
231
31,282
147
641
9,344
(D)
357
1,236
1,006
543
286
1,233
286
185
184
275
198
616
529
1,307
9,174
4,166
Education
Leisure
Other
and
and
Government
health
services
hospitality
services
1,722
1,518
412
455
4,231
206
186
352
209
536
1,666
564
1,287
2,459
177
665
264
44,145
4,755
(D)
745
1,100
359
(D)
1,688
387
1,747
734
4,413
357
18,236
298
282
7,729
13,557
493
1,197
1,378
635
245
1,076
539
263
270
480
564
455
541
979
9,785
5,535
(D)
(D)
(D)
90,184
456
1,071
702
226
273
967
3,864
756
3,301
324
1,039
504
201
(D)
1,212
4,833
488
4,808
13,522
910
137
3,429
3,101
102
559
(D)
319
1,318
1,582
44,786
22,193
(D)
13,709
484
221
(D)
11,036
963
1,593
288
6,056
1,422
239
262
533
6,889
6,200
521
295
1,977
1,629
80
453
563
224
1,380
(D)
31,619
12,720
251
11,836
773
(D)
2,401
7,629
1,007
2,432
459
7,101
1,465
495
439
575
2,592
584
467
198
169
17,259
141
90
83
69
(D)
(D)
107
375
785
76
184
106
30,256
2,054
374
193
215
83
793
531
534
544
143
111
1,559
140
65
94
68
73
392
94
363
611
102
201
74
14,831
1,180
247
199
(D)
89
738
451
111
110
427
253
3,237
132
11,457
206
159
2,146
5,729
184
399
417
183
132
384
139
80
156
118
169
427
169
1,222
404
1,248
3,664
987
3,031
35,993
159
500
274
431
156
416
1,674
258
1,322
9,423
143
123
1,070
656
79
364
159
126
477
457
8,099
7,317
52
3,226
331
78
960
2,991
497
632
261
2,256
328
137
151
160
1,355
(D)
147
6,456
83
150
1,553
3,911
120
416
408
149
92
(D)
93
(D)
122
95
110
190
152
377
(D)
899
1,014
22,841
135
235
241
84
230
(D)
1,020
259
(D)
1,999
151
105
757
455
41
189
121
98
389
(D)
6,540
3,197
71
2,662
139
49
447
2,311
388
513
112
1,429
(D)
115
132
161
1,063
1,279
3,897
1,167
1,250
7,801
833
2,019
502
267
299
2,818
400
2,240
4,837
555
581
325
56,175
5,005
1,553
763
883
612
5,146
1,452
497
2,654
718
6,577
844
24,597
379
485
6,523
16,201
568
1,801
1,814
685
394
3,094
1,156
341
585
529
585
856
661
921
6,158
3,598
5,333
98,243
461
3,088
924
620
509
3,608
8,380
2,435
4,946
7,081
677
488
3,804
2,269
203
1,309
718
678
3,053
1,165
26,638
16,078
641
8,432
428
542
2,953
9,440
1,211
3,937
660
7,415
1,280
700
403
599
5,713
D-82
Regional Data
March 2009
Table J.2. Gross Domestic Product (GDP) by Metropolitan Area for Industries, 2006—Table Ends
[Millions of Dollars]
Metropolitan area
Rapid City, S D .....................................................
Reading, PA.........................................................
Redding, CA........................................................
Reno-Sparks, NV.................................................
Richmond, VA......................................................
Riverside-San Bernardino-Ontario, C A ................
Roanoke, VA........................................................
Rochester, MN.....................................................
Rochester, N Y.....................................................
Rockford, IL .........................................................
Rocky Mount, N C ................................................
Rome, GA............................................................
Sacramento-Arden-Arcade-Roseville, CA ............
Saginaw-Saginaw Township North, M l.................
St. Cloud, MN......................................................
St. George, U T....................................................
St. Joseph, MO-KS..............................................
St. Louis, MO-IL...................................................
Salem, OR...........................................................
Salinas, CA
Salisbury, MD.......................................................
Salt Lake City, UT................................................
San Angelo, TX....................................................
San Antonio, TX...................................................
San Diego-Carlsbad-San Marcos, CA..................
Sandusky, OH
San Francisco-Oakland-Fremont, CA...................
San Jose-Sunnyvale-Santa Clara, CA..................
San Luis Obispo-Paso Robles, CA.......................
Santa Barbara-Santa Maria-Goleta, CA...............
Santa Cruz-Watsonville, CA.................................
Santa Fe, NM.......................................................
Santa Rosa-Petaluma, CA....................................
Savannah, GA...
Scranton-Wilkes-Barre, PA...................................
Seattle-Tacoma-Bellevue, W A..............................
Sebastian-Vero Beach, FL....................................
Sheboygan, W l..
Sherman-Denison, TX
Shreveport-Bossier City, LA..................................
Sioux City, IA-NE-SD............................................
Sioux Falls, SD....................................................
South Bend-Mishawaka, IN-MI.............................
Spartanburg, SC
Spokane, WA....
Springfield, IL ....
Springfield, MA..
Springfield, MO..
Springfield, OH..
State College, PA.................................................
Stockton, CA.....
Sumter, S C .......
Syracuse, NY
Tallahassee, FL..
Tampa-St. Petersburg-Clearwater, F L ..................
Terre Haute, IN .......7............................................
Texarkana, TX-Texarkana, AR..............................
Toledo, OH...........................................................
Topeka, KS
Trenton-Ewing, N J...............................................
Tucson, AZ
Tulsa, OK
Tuscaloosa, A L....................................................
Tyler, TX.
Utica-Rome, NY...................................................
Valdosta, GA........................................................
Vallejo-Fairfield, CA.............................................
Victoria, TX..........................................................
Vineland-Millville-Bridgeton, NJ............................
Virginia Beach-Norfolk-Newport News, VA-NC
Visalia-Porterville, CA...........................................
Waco, TX.............................................................
Warner Robins, G A.............................................
Washington-Arlington-Alexandria, DC-VA-MD-WV
Waterloo-Cedar Falls, IA......................................
Wausau, W l......
Weirton-Steubenville, WV-OH..............................
Wenatchee, WA.
Wheeling, WV-OH................................................
Wichita, KS
Wichita Falls, TX
Williamsport, PA...................................................
Wilmington, NC..
Winchester, VA-WV.............................................
Winston-Salem, NC.............................................
Worcester, MA...
Yakima, WA.......
York-Hanover, PA.................................................
Youngstown-Warren-Boardman, OH-PA...............
Yuba City, CA.......................................................
Yuma, AZ.............................................................
Rank of total
GDP by
metropolitan
area
275
127
239
99
45
22
150
186
52
152
244
343
30
210
203
332
305
20
153
105
306
46
336
37
16
346
8
18
159
100
163
217
96
144
104
13
288
254
345
94
233
133
154
167
112
191
93
131
329
247
101
347
80
145
23
252
298
75
190
87
66
54
197
194
189
314
142
259
270
38
162
202
266
4
205
243
330
321
271
77
237
325
138
269
89
73
209
124
107
292
283
Total
4,450
13,808
5,380
18,915
57,797
110,735
11,916
8,226
43,080
11,500
5,199
3,041
91,751
6,592
7,035
3,305
3,735
118,306
11,335
17,682
3,667
56,458
3,216
72,738
157,509
2,960
292,078
135,080
10,141
18,381
9,709
6,354
19,520
12,196
17,794
197,686
4,166
4,845
3,009
19,827
5,455
13,316
11,327
9,421
16,153
7,829
20,576
13,408
3,384
5,066
18,305
2,877
24,362
12,152
108,520
4,938
3,922
25,582
7,974
22,877
29,963
41,119
7,505
7,593
8,059
3,562
12,520
4,766
4,596
71,753
9,992
7,095
4,645
366,669
6,861
5,231
3,375
3,472
4,595
25,353
5,403
3,422
12,682
4,606
22,063
26,510
6,649
13,921
17,199
4,016
4,260
Natural
resources
and mining
28
168
159
192
357
1,251
60
171
302
54
141
16
828
46
189
48
76
1,524
700
3,309
133
1,455
(D)
1,986
1,074
36
(D)
814
381
1,499
463
343
366
45
124
1,006
176
59
55
5,804
240
(D)
(D)
51
55
120
(D)
(D)
(D)
64
842
41
137
(D)
1,026
88
88
(D)
78
15
703
4,997
737
1,028
78
109
166
684
136
510
1,829
118
9
542
211
137
Con
struction
243
751
437
1,804
(D)
(D)
(D)
(D)
6,553
(D)
(D)
(D)
(D)
(D)
3,398
714
402
1,571
682
248
87
5,992
277
434
422
167
697
413
1,327
90
(D)
(D)
161
17
(D)
(D)
(D)
(D)
616
481
910
(D)
1,752
(D)
3,629
3,322
301
222
(D)
3,376
(D)
2,877
8,216
639
(D)
(D)
(D)
(D)
218
1,106
384
375
469
(D)
202
(D)
1,153
1,013
780
979
471
525
269
239
226
212
(D)
(D)
5,397
338
438
191
5,220
177
409
(D)
2,169
1,194
2,297
586
(D)
(D)
9,061
17,061
368
(D)
4,003
4,014
103
(D)
(D)
15,512
1,186
7,715
967
332
168
81
487
2,001
1,623
733
2,708
(D)
(D)
(D)
(D)
(D)
(D)
2,014
1,776
1,205
721
1,065
268
(D)
(D)
1,020
(D)
120
1,643
(D)
(D)
937
332
257
360
(D)
(D)
465
317
(D)
(D)
(D)
(D)
882
706
(D)
629
356
126
(D)
(D)
(D)
(D)
1,755
409
426
(D)
1,002
(D)
(D)
(D)
(D)
(D)
592
731
336
1,117
2,586
(D)
2,209
4,015
103
77
(D)
(D)
(D)
(D)
(D)
420
596
870
4,964
1,377
(D)
1,317
446
113
113
(D)
251
2,039
(D)
(D)
(D)
840
163
(D)
(D)
1,883
(D)
7,672
48
143
143
943
417
21
163
223
109
1,441
990
389
(D)
(D)
87
833
132
1,156
(D)
2,152
(D)
(D)
(D)
(D)
327
259
(D)
(D)
324
277
280
1,500
911
141
135
897
(D)
767
1,360
227
871
664
248
279
(D)
Infor
mation
1,218
707
170
168
25,429
561
449
438
1,915
712
1,583
1,535
1,548
2,657
955
2,524
2,306
445
405
2,879
298
3,287
(D)
15,194
(D)
667
(D)
(D)
2,133
3,251
5,130
(D)
555
231
801
460
1,994
(D)
4,583
(D)
(D)
(D)
(D)
348
3,222
(D)
(D)
701
667
(D)
(D)
(D)
(D)
(D)
(D)
119
216
1,419
186
968
720
6,842
204
155
1,252
(D)
620
1,699
1,706
351
290
269
(D)
(D)
(D)
(D)
6,731
17,530
271
758
365
1,300
2,268
6,579
924
3,831
(D)
(D)
619
2,016
827
Transpor
tation and
utilities
15,993
142
1,199
590
(D)
226
248
Trade
(D)
(D)
(D) Not shown to avoid disclosure of confidential information, but the estimates for this item are included in the totals.
(D)
(D)
(D)
664
421
3,423
1,381
(D)
585
675
224
3,048
150
4,080
7,778
90
11,853
4,232
805
914
724
382
1,468
683
708
9,053
413
197
185
507
187
496
415
479
806
320
929
173
101
29
1,043
32
(D)
(D)
208
240
614
242
2,219
194
Nondurable
goods
manu
facturing
9,285
592
59
99
27
74
72
1,359
Durable
goods
manu
facturing
1,100
(D)
(D)
1,731
(D)
(D)
(D)
1,394
931
344
27,129
805
803
334
491
604
3,152
546
430
1,522
647
(D)
3,469
994
1,685
2,397
(D)
548
(D)
(D)
362
759
234
969
(D)
210
125
1,421
109
2,711
(D)
5,593
(D)
241
(D)
764
561
1,293
3,501
(D)
291
(D)
196
494
(D)
(D)
3,191
557
366
71
13,263
266
229
(D)
79
(D)
(D)
165
128
906
172
842
1,189
286
1,286
913
(D)
136
221
195
107
3,102
320
261
71
112
Financial
activities
876
1,855
1,006
2,762
13,748
22,895
1,775
966
(D)
1,439
698
249
24,225
912
1,125
706
380
19,618
1,875
2,960
481
14,757
(D)
(D)
3,464
9,834
32
16,667
14,618
191
606
159
165
558
227
991
21,645
11,626
41,302
295
77,961
22,900
2,402
3,918
2,004
1,562
4,771
1,430
2,193
45,951
1,113
689
295
1,596
909
86
30
55
363
104
466
293
121
357
322
554
447
39
234
332
42
719
566
5,231
79
60
499
(D)
1,449
974
1,776
151
303
296
(D)
174
(D)
112
(D)
174
219
28
(D)
126
105
65
54
115
752
(D)
92
368
(D)
(D)
937
94
292
358
56
144
(D)
1,737
873
3,166
1,105
3,227
2,234
505
686
3,310
232
3,522
1,660
24,352
460
393
3,703
1,325
4,970
4,969
6,233
913
764
1,153
393
1,969
288
511
13,305
1,081
814
347
(D)
1,001
856
292
587
560
2,831
347
302
3,449
705
5,145
4,163
691
1,732
2,363
646
403
Pro
fessional
and
business
services
261
1,429
412
2,086
8,445
8,840
1,178
368
5,008
840
301
162
9,077
580
390
199
278
17,895
748
1,193
331
7,029
165
8,384
21,025
103
51,749
22,538
784
2,205
1,228
670
2,145
1,049
Education
Leisure
and health
and
hospitality
services
533
1,265
671
1,353
3,709
8,050
1,291
2,812
(D)
1,236
300
519
6,641
802
826
337
378
11,362
1,340
997
480
3,139
343
5,936
8,763
252
18,044
8,507
733
1,362
870
501
1,680
1,270
(D)
(D)
22,557
363
249
162
981
445
12,329
488
421
398
1,465
(D)
(D)
1,345
1,530
652
1,944
1,149
3,208
861
1,446
710
(D)
(D)
1,308
(D)
(D)
457
370
1,632
230
2,763
(D)
9,250
546
456
(D)
813
2,645
2,974
2,982
423
457
1,211
133
2,523
(D)
15,989
258
243
(D)
537
4,649
3,121
4,435
388
528
(D)
(D)
816
196
259
6,514
596
436
425
77,803
403
301
(D)
124
(D)
(D)
222
184
1,073
298
1,917
3,252
264
1,083
1,081
236
209
1,120
1,068
(D)
1,200
337
473
4,549
634
810
231
385
213
2,005
1,448
4,431
350
256
1,117
303
115
83
2,899
215
193
198
154
(D)
Other
services
124
382
172
381
(D)
3,257
(D)
158
819
334
112
61
2,286
156
186
130
111
(D)
298
1,077
116
1,952
106
3,488
6,696
365
10,488
3,248
506
930
389
444
769
583
550
6,766
249
117
265
377
134
1,439
94
1,687
3,320
56
6,050
1,875
261
460
290
182
520
318
486
4,146
126
112
78
333
141
224
307
215
448
290
610
401
144
113
500
81
574
480
2,651
139
1,031
208
(D)
306
279
654
292
669
428
113
171
532
68
717
(D)
4,964
148
130
741
245
557
1,273
984
207
235
240
148
394
103
104
2,400
238
228
88
102
643
(D)
520
775
797
156
186
201
(D)
345
101
109
(D)
221
120
20,570
595
446
(D)
374
10,896
155
277
231
93
12,725
132
121
111
173
163
166
74
85
116
525
134
105
266
(D)
(D)
(D)
470
406
828
539
2,486
3,493
733
129
87
529
137
504
798
1,211
358
483
99
150
1,991
369
344
211
(D)
364
725
165
422
451
106
83
Government
829
1,313
784
2,109
8,166
16,782
1,304
661
4,639
932
568
365
18,695
764
835
319
490
11,407
2,718
2,819
544
6,151
700
12,515
25,104
319
26,213
7,802
1,332
2,579
1,204
1,127
1,881
1,945
1,968
21,308
379
362
334
2,453
552
706
931
1,139
2,387
2,081
3,346
1,397
419
1,906
2,592
865
3,291
3,810
10,693
700
786
2,978
1,561
4,082
5,451
3,094
1,360
723
1,860
960
2,436
435
956
20,801
1,770
997
2,366
74,025
778
446
339
539
572
2,540
1,213
483
1,418
457
1,279
3,088
991
1,354
1,828
1,011
1,159
D-83
March 2009
K. Charts
SELECTED REGIONAL ESTIMATES
SHARES OF U.S. GROSS DOMESTIC PRODUCT BY STATE BY REGION
Mideast
196 9
2007
Mideast
Great Lakes
14.1%
New England
5.4%
Great Lakes
21.4%
Plains
6.3%
New England
5.8%
Plains
7.4%
Far West
14.8%
Far West
18.3%
Southeast
22.5%
Rocky Mountain
2 .2 %
Rocky Mountain
3.3%
Southeast
17.7%
Southwest
7.3%
Southwest
11.7%
SHARES OF U.S. PERSONAL INCOME BY REGION
2007
1 969
Mideast
18.4%
Mideast
23.5%
Great Lakes
20.9%
New England
6.4%
New England
5.8%
Plains
7.5%
Far West
15.2%
Great Lakes
14.5%
Plains
6.3%
Far West
18.0%
Southeast
22.7%
Rocky Mountain
2 .2%
Southeast
17.3%
7.0%
Rocky Mountain
3.3%
AVERAGE ANNUAL GROWTH RATE OF PERSONAL INCOME, 1997-2007
STATES WITH FASTEST GROWTH
U.S. average
5.3 %
STATES WITH SLOWEST GROWTH
U.S. average
5.3%
Nevada
Wyoming
Arizona
Texas
Florida
Idaho
Colorado
Utah
Oklahoma
Montana
5
6
Percent
U.S. Bureau of Economic Analysis
D-84
March 2009
Regional Data
SELECTED REGIONAL ESTIMATES
PER CAPITA GROSS DOMESTIC PRODUCT BY STATE IN CURRENT DOLLARS, 2007
U.S. = $45,564
Highest quintile
U.S. Bureau of Economic Analysis
□
Fourth quintile
□
Third quintile
□
Second quintile
□
Lowest quintile
D-85
March 2009
Appendixes
A. Additional Information About the NIPA Estimates
Statistical Conventions
Current-dollar GDP is a measure of the market value
of goods, services, and structures that are produced in
the economy in a particular period. The changes in current-dollar GDP can be decomposed into quantity and
price components. Quantities, or “real” measures, and
prices are expressed as index numbers with the reference
year— at present, the year 2000— equal to 100.1
The annual changes in quantities and prices are calcu
lated using a Fisher formula that incorporates weights
from 2 adjacent years. For example, the annual percent
change in real GDP for 2001-2002 uses prices for 2001
and 2002 as weights, and the 2001-2002 annual percent
change in the GDP price index uses quantities for 2001
and 2002 as weights. Because the Fisher formula allows
for the effects of changes in relative prices and in the
composition of output over time, the resulting quantity
or price changes are not affected by the substitution bias
that is associated with changes in quantities and prices
calculated using a fixed-weighted formula. These annual
changes are “chained” (multiplied) together to form time
series of quantity and price indexes. The percent changes
in the Fisher indexes are not affected by the choice of the
reference year.
BEA also publishes implicit price deflators (IPDs),
which are calculated as the ratio of the current-dollar
value of a component to the chained-dollar value of the
component, multiplied by 100. The values of an IPD are
very close to the values of the corresponding “chain-type”
price index.
The measures of real GDP and its major components
are also presented in dollar-denominated form, desig
nated “chained (2000) dollar estimates.” For most series,
these estimates are computed by multiplying the cur
rent-dollar value in 2000 by a corresponding quantity
index number and then dividing by 100. For example, if a
current-dollar GDP component equaled $100 in 2000
and if real output for this component increased by 10
percent in 2001, then the chained (2000) dollar value of
this component in 2001 would be $110 ($100 x 1.10).
The percent changes calculated from the chained (2000)
dollar estimates and from the quantity indexes are the
same; any differences will be small and due to rounding.
The chained-dollar values for the detailed GDP com
ponents will not necessarily sum to the chained-dollar
estimate of GDP (or to any intermediate aggregate) in a
table, because the relative prices that are used as weights
for any period other than the reference year differ from
those of the reference year. A measure of the effect of such
1. See J. Steven Landefeld, Brent R. Moulton, and Cindy M. Vojtech, “ChainedDollar Indexes: Issues, Tips on Their Use, and Upcoming Changes,” S u r v e y o f C u r r e n t
B u s i n e s s (November 2003): 8-16.
differences is provided by a “residual” line— the differ
ence between the chained-dollar value of the main aggre
gate in the table and the sum of the most detailed
components in the table. For periods close to the refer
ence year, when the relative prices that are used as weights
have usually not changed much, the residuals tend to be
small, and the chained-dollar estimates can be used to
approximate the contributions to growth and to aggre
gate the detailed estimates. For periods further from the
reference year, the residuals tend to be larger, and the
chained-dollar estimates are less useful for analyses of
contributions to growth. In particular, for components
for which relative prices are changing rapidly, the calcula
tion of contributions based on chained-dollar estimates
may be misleading even just a few years from the refer
ence year. Thus, contributions derived from quantity
indexes provide a better measure than contributions
derived from chained-dollar estimates; contributions
based on quantity indexes are shown in selected NIPA
tables 1.1.2, 1.2.2, 1.5.2, 2.3.2, 3.9.2, 4.2.2, and 5.3.2.
For quarters and months, NIPA estimates are pre
sented at annual rates, which show the value that would
be registered if the rate of activity that is measured for a
quarter or for a month were maintained for a full year.
Annual rates are used so that periods of different
lengths— for example, quarters and years— may be more
easily compared. These annual rates are determined sim
ply by multiplying the estimated rate of activity by 4 (for
quarterly data) or by 12 (for monthly data).
For most quarterly NIPA estimates, percent changes in
the estimates are also expressed at annual rates. Calculat
ing these changes requires a variant of the compound
interest formula:
where r is the percent change at an annual rate; xt is the
level of activity in the later period; Xq is the level of activ
ity in the earlier period; m is the periodicity of the data
(for example, 1 for annual data, 4 for quarterly data, or 12
for monthly data); and n is the number of periods
between the earlier periods and the later periods (that
is, t - 0 ).
Quarterly and monthly NIPA estimates are seasonally
adjusted if necessary. Seasonal adjustment removes from
the time series the average effects of variations that nor
mally occur at about the same time and in about the same
magnitude each year— for example, weather, holidays,
and tax payment dates. After seasonal adjustment, cycli
cal and other short-term changes in the economy stand
out more clearly.
Appendix A
D-86
March 2009
Reconciliation Table
Table 1. Relation of Net Exports of Goods and Services and Net Receipts of Income in the NIPAs
to Balance on Goods and Services and Income in the ITAs
[Billions of dollars]
Seasonally adjusted at annual rates
Line
2006
2007
2007
II
III
IV
Exports of goods and services and income receipts, ITAs..............................................................................
1
2,142.2
2,463.5
2,408.5
2,553.6
Less: Gold, ITAs....................................................................................................................................................
Statistical differences 1..................................................................................................................
Other items...................................................................................................................................
2
8.8
13.3
16.5
14.3
3
4
1.5
1.4
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......
5
6
7
0.0
1.2
8.5
57.1
8.3
0.0
10.9
54.4
10.1
0.0
11.1
55.7
9.8
2008
0.0
1.6
11.1
54.0
10.6
I
2,603.2
12.0
0.0
1.4
12.5
53.6
11.2
II
III
2,605.9
2,687.8
2,734.8
24.6
-8.2
1.4
19.0
1.3
17.7
1.3
11.4
54.8
13.9
11.4
47.6
11.5
12.2
51.2
12.5
1.6
1.8
Equals: Exports of goods and services and income receipts, NIPAs.............................................................
8
2,206.1
2,524.1
2,467.3
2,613.4
2,667.1
2,664.0
2,746.0
2,784.5
Imports of goods and services and income payments, ITAs...........................................................................
9
2,838.3
3,082.0
3,085.0
3,134.2
3,153.1
3,181.5
3,295.4
Less: Gold, ITAs....................................................................................................................................................
Statistical differences 1.................................................................................................................
Other items...................................................................................................................................
10
11
12
9.8
10.7
7.0
17.9
-13.3
-8.9
3,317.6
12.7
-8.9
Plus: Gold, NIPAs..................................................................................................................................................
Adjustment for grossing of parent/affiliate interest payments.........................................................
Adjustment for U.S. territories and Puerto Rico.............................................................................
Imputed interest paid to rest of world.............................................................................................
13
14
b
16
-5.2
10.9
40.5
-5.3
-5.2
1
-4.4
8.5
40.2
8.3
10.1
39.8
9.8
-6.3
11.4
34.8
11.5
Equals: Imports of goods and services and income payments, NIPAs..........................................................
17
2,885.2
3,129.5
Balance on goods and services and income, ITAs (1-9)..................................................................................
18
-696.1
-618.5
19
-1.2
-0.7
Less: Gold (2-10+13)...........................................................................................................................................
Statistical differences (3-1 1)1.......................................................................................................
Other items (4-12)........................................................................................................................
Plus: Adjustment for U.S. territories and Puerto Rico (6-15).................................................................................
20
21
22
Equals: Net exports of goods and services and net receipts of income, NIPAs (8-17).................................
23
1. Consists of statistical revisions to the ITAs that have not yet been incorporated into the NIPAs.
ITAs International transactions accounts
NIPAs National income and product accounts
5.6
0.0
0.0
0.0
1.2
8.8
0.0
0.0
0.0
1.5
0.0
0.0
0.0
0.0
0.0
0.0
0.0
12.6
0.0
0.0
-6.6
43.7
-5.7
12.5
34.5
36.5
12.5
-6.0
11.4
39.2
13.9
3,130.7
3,183.8
3,198.5
3,231.5
3,350.3
3,365.3
-676.5
-580.6
-549.9
-575.6
-607.6
-582.8
1.4
-1.6
-0.7
0.1
0.4
-1.3
1.4
5.1
1.4
11.1
0.0
1.4
11.1
10.6
0.0
1.6
11.2
0.0
12.2
10.2
1.6
16.9
13.9
15.9
10.3
19.1
14.7
15.6
-679.1
-605.4
-663.4
-570.4
-531.4
-567.5
-604.3
10.2
1.8
12.8
-580.8
D-87
March 2009
B. Suggested Reading
The Bureau of Economic Analysis (BEA) has published
a wealth of information about the methodologies that
are used to prepare its national, industry, interna
tional, and regional accounts. Most of this information
is available on BEA’s Web site at www.bea.gov.
National accounts
The national accounts encompass the detailed esti
mates in the national income and product accounts
(including gross domestic product) and the estimates
of fixed assets and consumer durable goods.
National income and product accounts (NIPAs).
This series of papers documents the conceptual frame
work of the NIPAs and the methodologies that have
been used to prepare the estimates.
An Introduction to National Income and Product
Accounts (2007)
Corporate Profits: Profits Before Tax, Profits Tax
Liability, and Dividends (2002)
Government Transactions (1988)
Measuring the Economy: A Primer on GDP and the
National Income and Product Accounts (2007)
Personal Consumption Expenditures (1990)
The methodologies described in these papers
have been updated and improved, typically as part of
the comprehensive and annual revisions of the
NIPAs.
The following S u r v e y articles describe the upcoming
2009 comprehensive revision of the NIPAs.
“Preview of the Revised NIPA Estimates for 2002:
Effects of Incorporating the 2002 Benchmark 1 -0 Ac
counts and Proposed Definition and Statistical
Changes” (March 2008)
Preview of the 2009 Comprehensive NIPA Revision
New Classifications for Personal Consumption
Expenditures (May 2008)
Changes in Definitions and Presentations (March
2009)
The following S u r v e y articles describe the 2 0 0 3
comprehensive NIPA revision.
“Improved Estimates of the National Income and
Product Accounts for 1929-2002: Results of the Com
prehensive Revision” (February 2004)
“Measuring the Services of Commercial Banks in
the NIPAs: Changes in Concepts and Methods” (Sep
tember 2003)
“Measuring the Services of Property-Casualty In
surance in the NIPAs: Changes in Concepts and Meth
ods” (October 2003)
In addition, see the following articles.
“Annual Revision of the National Income and Prod
uct Accounts” (August 2008) presents revisions and
describes any changes in the data and the methods that
are used to prepare the estimates.
“Updated Summary of NIPA Methodologies” (No
vember 2008) describes the source data and the meth
ods that are used to prepare the current-dollar and real
estimates of GDP.
“Chained-Dollar Indexes: Issues, Tips on Their Use,
and Upcoming Changes” (November 2003) discusses
the advantages of using chain-weighted indexes and
the challenges of using chained dollars.
“Reliability of the NIPA Estimates of U.S. Economic
Activity” (February 2005) evaluates the principal NIPA
estimates by examining the record of revisions to
them.
“Gross Domestic Product: Revisions and Source
Data” (February 2006) describes the categories of data
that are used for the advance, preliminary, and final
quarterly estimates of GDP.
Fixed assets and consumer durable goods. Fixed
Assets and Consumer Durable Goods in the United
States, 1925-97 (2003) discusses the concepts and sta
tistical considerations that underlie the estimates and
their derivation.
“Fixed Assets and Consumer Durable Goods for
1925-2002” (May 2004) describes the improvements
that were incorporated into these estimates as part of
the 2003 comprehensive NIPA revision.
“Fixed Assets and Consumer Durable Goods for
1998-2007” (September 2008) provides estimates that
reflect the incorporation of the most recent annual
NIPA revision.
Satellite accounts. These accounts extend the ana
lytical capacity of the NIPAs by focusing on the effects
of a particular aspect of economic activity on GDP.
“Research and Development Satellite Account”
For 1959-2002 (December 2006)
For 1959-2004 (October 2007)
Mission Statement and Strategic Plan
The mission statement of the Bureau of Economic
Analysis and its most recently updated strategic plan
for improving the accuracy, reliability, and relevance
of the national, industry, regional, and interna
tional accounts are available on BEA’s Web site at
www.bea.gov under “About BEA.”
D-88
Appendix B
Industry accounts
The industry accounts consist of the annual industry
accounts (the input-output accounts and the gross-domestic-product-by-industry accounts), the benchmark
input-output accounts, and one satellite account.
Annual industry accounts. “Improved Annual In
dustry Accounts for 1998-2003” (June 2004) describes
the comprehensive revision of the annual input-output
accounts and the GDP-by-industry accounts that features
the integration of the two sets of accounts.
“Annual Industry Accounts” (February 2008) pre
sents the annual revision of these accounts and de
scribes the source data and any changes in the methods
that are used to prepare the estimates.
“Preview of the Comprehensive Revision of the
Annual Industry Accounts: Integrating the Annual Input-Output Accounts and the Gross-Domestic-Product-by-Industry Accounts” (March 2004) provides the
details about the comprehensive revision.
Benchmark input-output accounts. “Preview of the
Benchmark Input-Output Accounts for 2002” (Septem
ber 2005) includes the proposed new sectors that are
based on the 2002 North American Industry Classifica
tion System.
“U.S. Benchmark Input-Output Accounts, 2002”
(October 2007)
Satellite accounts. These accounts extend the ana
lytical capacity of the input-output accounts by focus
ing on a particular aspect of economic activity.
“U.S. Travel and Tourism Satellite Accounts”
For 2001-2004 (June 2005)
For 2002-2005 (June 2006)
For 1998-2006 (June 2007)
For 2004-2007 (June 2008)
International accounts
The international accounts encompass the interna
tional transactions accounts, direct investment, and
international transactions in services.
International transactions accounts. The Balance
o f Payments o f the United States: Concepts, Data
Sources, and Estimating Procedures (1990) describes the
methodologies used to prepare the estimates in the
ITAs and the international investment position of the
United States. These methodologies are usually up
dated and improved as part of the annual revisions of
the international transactions accounts.
The annual revisions of the international transac
tions accounts are described in a series of articles, the
latest of which was published in the July 2 0 0 8 S u r v e y .
Direct investment. International Direct Investment:
Studies by the Bureau o f Economic Analysis (1999) is a
collection of previously published articles on U.S. di
March 2009
rect investment abroad and foreign direct investment
in the United States. It includes “A Guide to BEA Sta
tistics on U.S. Multinational Companies,” which is also
available in the March 1995 S u r v e y , and “A Guide to
BEA Statistics on Foreign Direct Investment in the
United States,” which is also available in the February
1990 S u r v e y .
In addition, the updated methodologies are avail
able in U.S. Direct Investment Abroad: Final Results
From the 1999 Benchm ark Survey (2004) and in Foreign
Direct Investment in the United States: Final Results
From the 2002 Benchm ark Survey (2006).
International services. U.S. International Transac
tions in Private Services: A Guide to the Surveys Con
ducted by the Bureau o f Economic Analysis (1998)
describes 11 surveys. It includes classifications, defini
tions, release schedules, the methods used to prepare
the estimates, and samples of the survey forms.
“Selected Issues in the Measurement of U.S.
International Services” (June 2002) describes key is
sues in defining and measuring insurance, wholesale
and retail trade, finance, construction, and utilities ser
vices and explores possible actions to address these is
sues.
Regional accounts
The regional accounts include estimates of personal in
come and gross domestic product. The following
methodologies are available on BEA’s Web site at
www.bea.gov/ regional/methods.cfm.
Personal income. Estimates of personal income
are prepared for states and for local areas.
State Personal Incom e (2007) describes the im
provements in the methodology that are used to
prepare the estimates.
Local Area Personal Incom e (2007) describes the
detailed methodology that is used to prepare the es
timates for counties, metropolitan divisions and ar
eas, micropolitan areas, and BEA economic areas
and regions.
Gross domestic product. Estimates of gross do
mestic product (GDP) are prepared for states and
metropolitan areas.
Gross D om estic Product by State (2006) describes
the sources and the methods that are used to pre
pare the estimates.
“Gross Domestic Product by State” (July 2008)
presents the most recent annual revision.
“Introducing New Measures of the Metropolitan
Economy: Prototype GDP-by-Metropolitan-Area
Estimates for 200 1 -2 0 0 5 ” (November 2007) de
scribes the potential uses of the estimates and the
methodology used to prepare them.
@FedFRASER