Full text of Survey of Current Business : November 2010
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NOVEMBER 201 0 SURVEY OF CURRENT BUSINESS B E A ’s M O N T H L Y JO U R N A L In This Issue . . . Updated Summary of NIPA Methodologies U.S. Travel and Tourism Satellite Accounts, 2004-2009 Operations of U.S. Affiliates of Foreign Companies, 2008 Si BEA B U R E A U O F E C O N O M IC A N A L Y S IS U.S. D E P A R T M E N T O F C O M M E R C E ECONOMICS AND STATISTICS ADMINISTRATION U .S . D e p a r tm Gary Locke, E c o n o m e n t Secretary ic s a n d Rebecca M. Blank, B u r e a u o f o f C o m m e r c e S ta t is t ic s A d m in is tr a tio n Under Secretary for Economic Affairs E c o n o m ic A n a ly s is J. Steven Landefeld, Director Brian C. Moyer, Deputy Director Ana M. Aizcorbe, Chief Economist Brian M. Callahan, Chief Information Officer Dennis J. Fixler, Chief Statistician Brent R. Moulton, Associate Director for National Economic Accounts Brian C. Moyer, Acting Associate Director for Industry Accounts Joel D. Platt, Associate Director for Regional Economics Robert E. Yuskavage, Acting Associate Director for International Economics B E A A d v is o r y C o m m it te e 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 of California, Berkeley Richard B. Berner, Morgan Stanley Barry P. Bosworth, The Brookings Institution Susan M. Collins, University of Michigan Janice C. Eberly, Northwestern University Jeffrey A. Frankel, Harvard University Robert J. Gordon, Northwestern University Maurine A. Haver, Haver Analytics, Inc. Charles R. Hulten, University of Maryland Ellen R. McGrattan, Federal Reserve Bank of Minneapolis 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, E d ito r-in -C h ie f M. Gretchen Gibson, M an a g in g E d ito r Kristina L. Maze, Production M an ag er Wm. Ronnie Foster, G raphic D esigner Colby Johnson, G raphic D esigner Danielle M. Wittenberg, E ditor Kelly Holliday, In tern The S urvey of C urrent business (ISSN 0039-6222) is pub lished monthly by the Bureau of Economic Analysis of the U.S. Department o f Commerce. Send editorial correspondence to customerservice@bea.gov. Subscriptions to the Survey of C urrent business are maintained, and the prices are set, by the U.S. Government Printing Office, an agency of the U.S. Congress. To subscribe call 202-512-1800 or go to bookstore.gpo.gov. Subscription and single-copy prices Second-class mail: $63.00 domestic, $88.20 foreign First-class mail: $105.00 Single copy: $25.00 domestic, $35.00 foreign The information in this journal is in the public domain and maybe re printed without the permission of the Bureau of Economic Analysis. Citation of the Survey of C urrent business as thesource is appreciated. The Secretary of Commerce has determined that the publication of this periodical is necessary in the transaction of the public business required by law of the Department. SURVEYOFCURRENTBUSINESS N o v e m 1 G D P b e r a n d 2 0 1 0 th e V o lu m E c o n o m y : A d v a n c e E s t im a te s f o r th e e 9 0 T h ir d Q • N u m u a r te r b e r o f 11 2 0 1 0 Real GDP increased 2.0 percent after increasing 1.7 percent in the second quarter. Imports slowed. Inventory investment and consumer spending picked up. Residential investment turned down. 6 Seasonal Adjustment and the Price Index for Imports of Petroleum 9 N e w ly A v a ila b le N IP A T a b le s Personal income and its disposition by households and nonprofit institutions serving households as well as a comparison of BEA and IRS statistics on income and outlays of these nonprofits. 1 1 U p d a te d S u m m a r y o f N IP A M e th o d o lo g ie s The data and methods used to prepare current-dollar and real estimates of GDP and current-dollar estimates of gross domestic income, reflecting the 2010 annual NIPA revision. 3 1 U .S . T r a v e l a n d T o u r is m S a te llite A c c o u n ts f o r 2 0 0 4 - 2 0 0 9 In 2009, the travel and tourism industry continued to decline, decreasing 4.7 percent after decreasing 3.1 percent in 2008. Employment also decreased. 4 5 U .S . A f filia t e s o f F o r e ig n C o m p a n ie s : O p e r a tio n s in 2 0 0 8 The current-dollar value added of these affiliates decreased 1.5 percent to $670.3 billion despite a substantial increase in foreign investment in the United States. Employment by these affiliates increased 0.1 percent. www.bea.gov //' D -1 N ovem ber 2010 B E A C u r r e n t # /# D i r e c t o r ’s i v T a k in g B E A ’s M a n d H is to r ic a l D a ta e s s a g e A c c o u n t W S c h e d u le L o o k in g e b o f S ite a n d U p c o m C o n ta c ts in g N e w s ( in s id e b a c k R e le a s e s c o v e r ) ( b a c k c o v e r ) A h e a d Research and Developm ent Satellite Account. Updates and extends the statistics on research and development. Gross Dom estic Product by State. iii N ovem ber 2010 Director’s Message______________ In this issue, we provide our annual, easy-to-read guide to the methodologies and source data used to construct the national and income and product accounts (NIPAs). The information in cludes short descriptions of the source data used for annual benchmark estimates, other annual estimates, and current quar terly estimates. The presentation also includes the methods and price measures used to prepare real estimates of the NIPAs. As usual, our m onthly “GDP and the Economy” article pro vides a look at the most recent NIPA estimates. This m onth, we present the advance estimates for the third quarter of 2010. The article includes a short item on seasonal adjustments and the NIPA estimates, with a focus on adjusting the prices of petroleum imports. Elsewhere in this issue, we discuss the operations of U.S. affili ates of foreign multinational companies for 2008, taking a de tailed look at changes in value added, employment, goods exports and im ports, and research and development activity. And in another article, we present statistics from the BEA travel and tourism satellite accounts for 2 0 0 4 -2 0 0 9 . The updated estimates reflect the incorporation of the m ost recent comprehensive revi sion of the annual industry accounts. As always, we appreciate feedback and suggestions. iv N ovem ber 2010 Taking Account... B E A D i r e c t o r ’s o n o r ld W c o m m e n ts S t a t is t ic s D a y J. Steven Landefeld, Director of the Bureau of Economic Analy sis (BEA), spoke at an open house on Capitol Hill celebrat ing World Statistics Day, which was spearheaded by the United Nations as a way to raise aware ness of the “many achievements of official statistics premised on core values of service, profes sionalism, and integrity” Landefeld’s remarks are available at www.bea.gov. D e ta ile d a b ro a d d ir e c t d a ta in v e s tm e n t n o w a v a ila b le The Bureau of Economic Analy sis has posted two online publi cations that present a wide variety of indicators about the operations and financial struc ture of U.S. m ultinational com panies (MNCs) and their foreign affiliates, including value added, employment, sales, and capital expenditures. These volumes present preliminary statistics for 2008 and revised statistics for 2007. Both volumes include data on U.S. parent companies and their foreign affiliates in considerable detail by country and by indus try, including the banking in dustry. The 2007 annual survey of U.S. direct investment abroad was the first annual survey to collect data for U.S. parents and foreign affiliates in depository credit intermediation (banking). The inclusion of these parents and affiliates closed a significant gap that had existed in the in dustry coverage of the annual surveys. Earlier this year, BEA made available similar online publica tions presenting detailed finan cial and operating statistics on U.S. affiliates of foreign compa nies for 2007 (preliminary) and 2006 (revised). In general, BEA’s statistics on U.S. multinational companies provide a comprehensive and in tegrated picture of MNC eco nomic activity and the effects of such activity on the economies of home and host countries. W hen this data set began, its scope was limited to one data item needed to compile the bal ance of payments accounts— the value of foreign commercial as sets controlled by U.S. compa nies. Since then, the scope of these statistics has greatly ex panded in step with the growth in MNCs and the increasing in tegration of the global economy. BEA’s current statistics on U.S. MNCs are among the most diverse in the world. These statistics can be broadly categorized in two groups: (1) balance-of-payments and direct investment position statistics and (2) more detailed financial and operating items that few other countries produce but that allow a more nuanced under standing of the role of m ultina tionals in the world economy. Each April, BEA releases ad vance summ ary estimates of fi nancial and operating data by U.S. parent companies, by their foreign affiliates, and by U.S. af filiates of foreign companies. More detailed estimates are pro vided later in the year. The volumes discussed in this item are available online at no charge at www.bea.gov/scb/ account_articles/international/ iidguide.htm #linkl2bilable. For inform ation about the 2008 and 200 7 statistics, e-mail internationalaccounts@bea.gov. For more inform ation about BEA’s international statistics, visit www.bea.gov/international/ index.htm #om c. A S A /N S F /B E A p ro g ra m s e e k s f e llo w s h ip a p p lic a n ts The fellowship program offered by the American Statistical Asso ciation (ASA), National Science Foundation (NSF), and BEA continues to accept applicants. The program allows research fel lows to work for short stints at BEA. Applicants should have ac ademically recognized research records and expertise in their ar eas of proposed research. Pro posals will be evaluated by a review board representing BEA, ASA, and various academics. Proposed research may be in any area related to the measurement of economic activity and may take the form of conceptual or methodological studies related to the BEA economic accounts. Fellows will conduct research at BEA in Washington, DC, and will be reimbursed through ASA. Visit www.bea.gov/research/ fellowship_program.htm for more information. N ovem ber 2010 1 G D P a n d th e E c o n o m y Advance Estimates for the Third Quarter of 2010 R EAL GROSS domestic product (GDP) increased .2 .0 percent in the third quarter of 2010, according to the advance estimates of the national income and product accounts (NIPAs) (chart 1 and table l ) .1 In the second quarter, real GDP increased 1.7 percent. The small acceleration in real GDP in the third quarter primarily reflected a sharp deceleration in im ports and accelerations in inventory investment and in consumer spending that were partly offset by a down turn in residential fixed investment and by decelera tions in nonresidential fixed investment and in exports.2 • Prices of goods and services purchased by U.S. resi dents increased 0.8 percent in the third quarter after increasing 0.1 percent in the second quarter. Energy prices turned up in the third quarter, and food prices decelerated. Excluding food and energy, gross domes tic purchases prices increased 0.6 percent after increasing 0.8 percent. • Real disposable personal income (DPI) increased 0.5 percent in the third quarter after increasing 4.4 per cent in the second quarter. Current-dollar DPI increased 1.5 percent in the third quarter after increasing 4.4 percent in the second quarter. The sharp deceleration in real DPI in the third quarter reflected a deceleration in personal income, an accel eration in personal current taxes, and an acceleration in the personal consumption expenditures implicit price deflator, which is used to deflate current-dollar DPI. • The personal saving rate, personal saving as a per centage of current-dollar DPI, was 5.5 percent in the third quarter; in the second quarter, it was 5.9 per cent. Chart 1. GDP, Prices, Disposable Personal Income (DPI) Real GDP: Percent change from the preceding quarter 6 i S e a s o n a lly a d ju s te d a n n u a l ra te s 2006 Christopher Swann prepared this article. 2008 2009 2010 -C onsu m er s p e n d in g N o n re s id e n tia l fix e d in v e stm e n t R e s id e n tia l fix e d in vestm e n t In v e n to ry in v e s tm e n t E x p o rts G o v e rn m e n t S p e n d in g -1 0 Percentage points at an annual rate 1 Prices: Percent change from the preceding quarter 6 P ric e s o f g ro s s d o m e s tic p u rc h a s e s I 2006 1. “Real” estimates are in chained (2005) dollars, and price indexes are chain-type measures. Each GDP estimate for a quarter (advance, second, and third) incorporates increasingly comprehensive and improved source data. 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 “personal consumption expenditures,” “inventory investment” refers to “change in private invento ries,” and “government spending” refers to “government consumption expenditures and gross investment.” 2007 Contributions to the percent change in real GDP in 2010:111 lillli J____L 2007 2008 it J____L 2009 Real DPI: Percent change from the preceding quarter U.S. Bureauof EconomicAnalysis J ____L 2010 2 G D P a n d th e E c o n o m y R e a l G D P O v e r v ie w Table 1. Real Gross Domestic Product and Components [Seasonally adjusted at annual rates] Share of currentdollar GDP (percent) Gross dom estic p ro d u c t1 .... Change from preceding period (percent) Contribution to percent change in real GDP (percentage points) 2010 2009 III IV I II III IV I II III 3.7 1.7 2.0 5.0 3.7 1.7 2.0 / 2010 2009 2010 100.0 5.0 Personal consum ption expenditures............................... 70.4 0.9 1.9 2.2 2.6 0.69 1.33 1.54 1.79' G oods.......................................... Durable goods......................... Nondurable goods................... Services....................................... 23.1 7.4 15.8 47.3 1.7 -1.1 3.1 0.5 5.7 8.8 4.2 0.1 3.4 6.8 1.9 1.6 2.8 0.42 6.1 -0.07 1.3 0.49 2.5 0.27 1.29 0.62 0.67 0.03 0.79 0.49 0.31 0.75 0.64 0.44 0.20 1.15 Gross private dom estic in vestm ent.................................. Fixed investment......................... 12.9 12.0 26.7 -1 .3 29.1 3.3 26.2 18.9 12.8 2.70 0.8 -0.12 3.04 0.39 2.88 2.06 1.54 / 0.10 / 9.8 -1.4 9.7 -0.10 0.71 1.51 Nonresidential.......................... Structures............................. Equipment and software..... 7.8 17.2 2.6 -29.2 -17.8 7.1 14.6 20.4 -0.5 24.8 25.7 3.9 -1.01 -0.53 -0.01 12.0 0.91 1.24 1.52 -29.1 -0.32 2.64 0.91 ' 0.10 > 0.80 / 0.55 - 0 .8 0 ' Residential............................... 2.2 Change in private inventories..... 0.9 Net exports of goods and s e rv ic e s ......................................... -3.8 Exports......................................... 12.5 24.4 11.4 9.1 5.0 2.56 1.30 1.08 0.61 \ Goods....................................... 8.7 31.7 14.0 11.5 3.4 2.19 1.09 0.93 0.29 Services................................... 3.9 10.2 5.8 3.9 8.6 0.37 0.21 0.15 0.32 Imports......................................... 16.3 4.9 11.2 33.5 17.4 -0.66 -1.61 -4.58 -2.61 . Goods....................................... 13.5 6.2 12.0 40.5 18.1 -0.68 -1.41 -4.46 -2.25 \ Services................................... Government consum ption expenditures and gross in vestm ent.................................. 2.8 -0.5 7.8 4.3 20.5 -1.4 -1.6 3.9 -0.8 -12.3 2.83 5.6 0.82 1.44 ^ 1.90 -0.31 -3.50 -2.01 14.1 -2.5 0.4 7.4 Nondefense.............................. 2.7 5.6 5.0 12.8 State and local............................. 12.1 -2.3 -3.8 0.6 0.02 -0.20 -0.12 -0.37 3.4 -0.28 -0.32 Federal.......................................... National defense..................... -0.02 8.4 0.14 -0.2 -0.29 1. The estimates under the contribution columns are percent changes. N o t e . Percent changes are from NIPA table 1 .1 .1 , contributions are from NIPA table NIPA table 1 .1 .1 0 . 0.68 0.02 0.40 0.46 \ 0.13 0.32 0.25 \ -0.48 1 .1 .2 , a n d 0.08 -0 .0 3 . shares are from Table 2. Real Gross Domestic Product (GDP) by Type of Product [Seasonally adjusted at annual rates] Share of currentdollar GDP (percent) Gross dom estic p ro d u c t1.............. Final sales of domestic product Change in private inventories.... G oods............................................. Services......................................... Structures....................................... Change from preceding period (percent) 2010 2009 III IV I 100.0 5.0 3.7 99.1 2.1 1.1 0.9 27.7 23.9 19.5 65.4 0.8 0.0 6.9 -15.9 -15.2 Contribution to percent change in real GDP (percentage points) 2010 II 2009 2010 III IV I II III 1.7 2.0 5.0 3.7 1.7 2.0 0.9 0.6 -0.8 1.9 10.6 2.19 1.09 0.90 0.572.83 2.64 0.82 1.44 3.6 5.74 4.90 -0.20 0.98 2.4 0.57 0.02 1.21 1.55 -7.2 -1.30 -1.18 0.71 -0.53 Addenda: Motor vehicle output......................... 2.2 13.7 42.3 -2.7 21.2 0.25 0.74 -0.06 GDP excluding motor vehicle output 97.8 4.8 3.0 1.8 1.6 4.76 2.99 1.78 1.59 Final sales of computers................... 0.6 17.3 19.2 5.3 55.4 0.09 0.10 0.03 0.25- GDP excluding final sales of computers...................................... 0.42- 99.4 5.0 3.7 1.7 1.8 4.92 3.63 1.69 1.76 1. The estimates under the contribution columns are percent changes. Note. Percent changes are from NIPA table 1.2.1, contributions are from NIPA table 1.2.2, and shares are calculated from NIPA table 1.2.5. \ 0.0 0.151.8 0.729.1 0.71 8.8> 8.5 -0.13 9.6 0.80 N ovem ber 2010 0.01 Consumer spending picked up somewhat in the third quarter. Spending for services accelerated, mainly re flecting a pick up in housing and utilities and an up turn in “other” services. Spending for both non durable goods and durable goods slowed. Nonresidential fixed investment decelerated, reflecting a deceleration in equipment and software. The main contributors to the deceleration were slowdowns in information processing equipment and software, in industrial equipment, and in transportation equip ment. In contrast, spending for structures turned up. Residential fixed investment turned down, mainly re flecting downturns in “other” structures (especially in brokers’ commissions and improvements) and in sin gle-family structures. Inventory investment accelerated, mainly reflecting an upturn in manufacturing industries. It added 1.44 percentage points to real GDP growth. Exports slowed, reflecting a slowdown in goods ex ports that was partly offset by a pickup in services ex ports. The largest contributor to the slowdown in goods exports was a downturn in industrial supplies and materials. The pickup in services exports mainly reflected a pickup in travel services. Imports slowed, reflecting a slowdown in goods im ports that was partly offset by a pickup in services im ports. All the major components except “other” imports contributed to the slowdown in goods im ports; “other” imports turned up. The pickup in ser vices imports was mainly due to upturns in travel and in passenger fares. Federal government spending slowed somewhat, re flecting a slowdown in nondefense spending that was partly offset by a pickup in defense spending. State and local government spending turned down, re flecting a larger decrease in consumption expendi tures, specifically compensation, and a slowdown in gross investment. Real final sales of domestic product, real GDP less in ventory investment, increased 0.6 percent after in creasing 0.9 percent. Motor vehicle output turned up, increasing 21.2 per cent after decreasing 2.7 percent. Final sales of computers accelerated sharply, increas ing 55.4 percent after increasing 5.3 percent. Sur vey of C u r r e n t B usiness N ovem ber 2010 3 P r ic e s Table 3. Prices for Gross Domestic Purchases [Percent change at annual rates; based on seasonally adjusted index numbers (2005=100)] Contribution to percent change in gross domestic purchases prices (percentage points) Change from preceding period (percent) 2009 IV 2009 2010 I II III IV 2010 I II 2.1 0.1 III G ross dom estic purchase s1................... 2.1 2.1 0.1 0.8 2.1 Personal consum ption expenditures........ 2.7 2.1 0.0 1.0 1.82 Goods........................................................... Durable goods......................................... Nondurable goods................................... Services....................................................... 2.8 0.7 3.8 2.7 2.6 -2.0 4.7 1.8 -3.6 -1.6 -4.6 1.8 1.0 -2.2 2.5 1.0 Gross private dom estic in vestm ent........... Fixed investment......................................... -0.7 -1.0 -2.0 -1.4 -0.7 -0.7 Nonresidential......................................... -2.4 -1.9 0.0 Structures............................................ Equipment and software..................... -2.1 -2.5 0.9 -3.1 2.0 -0.8 2.6 -0.07 0.02 0.05 0.07 -0.5 -0.16 -0.20 -0.05 -0.03 Residential................................................ 4.3 0.6 -3.2 -0.5 0.8 1.43 -0.03 0.68- 0.61 0.57 -0.83 0.21 0.04 -0.15 -0.11 -0.16 0.56 0.72 -0.72 0.37 1.21 0.85 0.80 0.47 0.4 -0.05 -0.22 -0.09 0.2 -0.13 -0.16 -0.08 0.05 0.02 0.4 -0.23 -0.18 0.03 Change in private inventories..................... 0.10 0.00 0.03 0.09 1.5 4.6 0.9 0.4 0.30 0.89 0.17 Federal......................................................... 1.5 4.5 0.9 0.4 0.13 0.35 0.07 0.03 National defense...................................... 1.6 5.3 1.2 0.4 0.09 0.28 0.06 0.02 0.04 0.01 0.10 0.01 0.06 Nondefense............................................. State and lo cal............................................ 1.5 1.5 2.8 4.6 0.2 0.9 0.3 0.5 0.18 0.07 0.54 Addenda: Gross domestic purchases: Food............................................................. 0.0 1.3 1.3 0.7 0.00 0.07 0.07 0.04 Energy goods and services........................ 20.2 Excluding food and energy......................... 1.5 5.3 0.74 0.58 -0.73 0.20 0.8 0.6 1.32 1.45 0.59 1.8 1.6 16.4 -17.5 1.2 1.0 0.3 5.3 0.8 1.6 0.72 Personal consumption expenditures (PCE): Food............................................................. Energy goods and services........................ Excluding food and energy......................... -0.1 18.0 2.1 “Market-based” P C E ................................... 2.2 1.7 -0.2 Excluding food and energy..................... 1.4 0.7 1.0 1.1 Gross domestic product.................................. -0.2 1.0 1.9 2.3 1.3 1. The estimates under the contribution columns are percent changes N o te . 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. Contribu tions are from NIPA table 1.6.8. N o te o n BEA’s gross domestic purchases price index is the most comprehensive index of prices paid by U.S. residents for all goods and services. It is derived from the prices of personal consumption expenditures (PCE), private investment, and government consumption expenditures and investment. BEA also produces price indexes for all components of GDP. The PCE price index is a measure of the total cost of consumer goods and services, including durable goods, nondurable goods, and services. PCE prices for food, energy goods and services, and for all items except food and energy are also estimated and reported. Because prices for food and energy can be volatile, the price measure that Consumer prices picked up, mainly reflecting an up turn in prices paid for goods that was partly offset by a deceleration in prices paid for services. The largest contributor to the upturn in goods prices was an up turn in prices paid for gasoline and other energy goods. Prices paid for nonresidential fixed investment picked up slightly, reflecting a pickup in prices paid for struc tures and a smaller decrease in prices paid for equip ment and software. 0.01 -0.08 -0.01 0.07 -0.06 -0.01 Government consum ption expenditures and gross in vestm ent............................... 15.2 -17.4 Prices paid by U.S. residents, as measured by the gross domestic purchases price index, accelerated in the third quarter. Excluding food and energy, prices slowed slightly, increasing 0.6 percent after increasing 0.8 percent. Prices paid for residential fixed investment decreased less in the third quarter than in the second quarter. Prices paid by government decelerated somewhat, re flecting decelerations in prices paid by the federal gov ernment and by state and local governments. The “market-based” PCE price index turned up, mainly because of the upturn in energy prices. Exclud ing food and energy, the index increased about the same as in the second quarter. The GDP price index increased 2.3 percent, 1.5 per centage points more than the increase in the price in dex for gross domestic purchases, reflecting a decrease in import prices relative to a slight increase in export prices. P r ic e s excludes food and energy is often used as a measure of underlying, or “core,” inflation. (The core PCE price index includes purchased meals and beverages, such as restau rant meals, and pet food. See FAQ 518 on BEA’s Web site.) BEA also prepares a supplemental PCE price index, the “market-based” PCE price index, that is based on market transactions for which there are corresponding price mea sures. This index excludes many imputed expenditures, such as financial services furnished without payment, that are included in PCE and the PCE price index. BEA also prepares a market-based measure that excludes food and energy. 4 G D P a n d th e E c o n o m y P e r s o n a l In c o m Table 4. Personal Income and Its Disposition [Billions of dollars; quarterly estimates are seasonally adjusted at annual rates] Level Change from preceding period 2010 2009 III IV 2010 I II III Personal in co m e .............................................................. 12,539.5 75.0 111.3 123.5 65.7 Compensation of employees, received....................... 7,968.9 32.7 26.7 62.2 48.6 Wage and salary disbursements.............................. 6,380.9 21.0 6.5 51.1 38.4 Private industries................................................... Goods-producing industries.............................. Manufacturing................................................ Services-producing industries......................... Trade, transportation, and utilities................ Other services-producing industries............ Government........................................................... Supplements to wages and salaries....................... 5,196.0 1,050.2 665.0 4,145.9 1,004.2 3,141.7 1,184.8 1,588.1 21.7 -0.6 8.5 22.4 1.3 21.0 -0.7 11.7 ^ .1 -13.9 -5.7 9.7 -0.2 10.1 10.6 20.2 43.5 9.4 7.4 34.1 8.8 25.2 7.6 11.1 46.6 8.6 5.0 38.1 7.4 30.7 -8.3 10.3 Proprietors’ income with IVA and CCAdj..................... 1,058.8 15.7 8.6 19.0 9.1 8.2 0.6 2.1 1 0 .9 ' Farm........................................................................... 49.8 Nonfarm..................................................................... 1,009.0 7.5 8.1 16.8 Rental income of persons with CC Adj........................ 305.4 3.7 9.9 6.1 6.6 Personal income receipts on assets............................ 1,898.4 -1.9 21.9 3.3 -16.0 Personal interest income........................................... 1,183.2 -7.5 2.9 -3.4 -22.1 Personal dividend income........................................ 715.2 5.6 19.0 6.8 6.0 Personal current transfer receipts................................ 2,309.8 28.9 57.3 40.6 23.7 Less: Contributions for government social insurance 1,001.9 4.2 13.0 7.8 6.3 Less: Personal current taxes............................................. Equals: Disposable personal income............................... Less: Personal outlays...................................................... Equals: Personal saving................................................... 1,159.6 0.2 17.5 2.6 22.3 11,379.9 10,748.9 74.7 82.1 93.9 98.2 120.9 59.8 631.0 -7.4 -4.2 61.0 43.4 85.2 -41.8 7.3 9.0 0.0 0.3 0.0 -0.4 7.2 0.2 0.1 -0.7 8.3 0.0 8.3 8.0 0.0 0.0 0.0 53.9 0.1 16.1 43.6 0.0 2.8 0.0 -2.8 12.6 -1.2 0.0 0.3 20.6 0.0 32.6 12.2 0.0 0.3 -11.9 0.0 0.0 -9.0 0.0 -0.3 -13.8 0.0 0.0 -4.1 8.6 0.0 8.6 0.0 0.0 2.2 0.0 0.0 2.2 0.0 -38.6 4.8 0.0 0.0 9.6 0.0 0.0 4.8 0.0 0.0 Addenda: Special factors in personal income In government wages and salaries: Federal pay raise....................................................... Reservists’ pay.......................................................... In supplements to wages and salaries: Employer contributions for social insurance............ In personal current transfer receipts: Cost-of-living adjustments........................................ Social security retroactive payments....................... Emergency unemployment compensation.............. One-time ARRA payments....................................... Refundable ARRA tax credits................................... Other ARRA-related social benefit payments......... In contributions for government social insurance: Increase in taxable wage base................................. Changes in premiums for supplementary medical insurance................................................................ In personal current taxes: Federal tax law changes (“Making Work Pay”) ....... Refunds, settlements, and oth e r.............................. Dollar levels are from NIPA tables 2.1 and 2.2B. IVA Inventory valuation adjustment N ote. -1.8 e Personal income, which is measured in current dol lars, decelerated in the third quarter, increasing $65.7 billion after increasing $123.5 billion. The decelera tion primarily reflected a larger decrease in personal interest income, a downturn in nonfarm proprietors’ income, and decelerations in personal current transfer receipts and in wage and salary disbursements that were partly offset by a pickup in farm proprietors’ in come. The deceleration in wage and salary disbursements primarily reflected monthly employment, average weekly hours, and average hourly earnings. The pickup in farm proprietors’ income primarily re flected an upturn in farm prices. The downturn in nonfarm proprietors’ income mainly reflected a deceleration in mining and down turns in finance and insurance and in real estate and rental and leasing. The larger decrease in personal interest income re flected a larger third-quarter decrease in interest rates. The deceleration in personal current transfer receipts primarily reflected a slowdown in government social benefits to persons. The largest contributor to the slowdown was “other” government social benefits, mainly a deceleration in Medicaid expenditures. Personal saving decreased $41.8 billion after increas ing $61.0 billion, reflecting a slowdown in disposable personal income and a pickup in personal outlays. CCAdj Capital consumption adjustment Saving The personal saving rate was 5.5 percent in the third quarter. Since the first quarter of 2008—the first quarter of the recent recession that ended in the second quarter off 2009 (as determined by the National Bureau of Economic Research)—the saving rate has averaged 5.2 percent on a quarterly basis, the highest rate since the third quarter of 1998. For a broader view underlying trends in the saving rate, see “Alternative Measures of Personal Saving” in the October 2010 S u r v e y . N ovem ber 2010 Chart 2. Personal Saving Rate 5 Su r vey of C u r r e n t B usiness N ovem ber 2010 S o u r c e D a ta f o r th e A d v a n c e E s t im a te s Table 5. Source Data and Key Assumptions for the Advance Estimates of GDP for the Second Quarter of 2010 [Billions of dollars, seasonally adjusted at annual rates] 2010 April Private fixed investment: Nonresidential structures: Value of new nonresidential construction put in place................................................. Equipment and software: Manufacturers’ shipments of complete aircraft........................................................... Residential structures: Value of new residential construction put in place: Single family.......................................................................................................... Multifamily.............................................................................................................. Change in private inventories: Change in inventories for nondurable manufacturing..................................................... Change in inventories for merchant wholesale and retail industries other than motor vehicles and equipment............................................................................................. Net exports:2 Exports of goods: U.S. exports of goods, international-transactions-accounts basis............................... Excluding gold....................................................................................................... Imports of goods: U.S. imports of goods, international-transactions-accounts basis............................... Excluding gold....................................................................................................... Net exports of goods..................................................................................................... Excluding gold.......................................................................................................... State and local government structures: Value of new construction put in place........................................................................... 1. Assumption. 2. Nonmonetary gold is included in balance-of-payments exports and imports, S o u rc e D a ta a n d Government consumption expenditures and gross invest ment: federal outlays (3), state and local government con June July August Sept.1 274.1 267.3 263.0 263.5 259.7 261.6 33.2 28.4 32.1 47.9 40.0 29.5 120.1 13.9 119.5 13.2 117.7 13.3 114.3 13.4 109.5 11.8 106.9 11.6 3.0 -55.8 -33.0 38.4 -8.9 24.0 37.6 36.9 4.2 66.1 51.6 92.2 1,249.4 1,232.6 1,285.3 1,258.7 1,291.9 1,292.4 1,275.4 1,271.6 1,245.1 1,274.7 1,267.0 1,257.4 1,882.4 1,869.6 -633.0 -637.0 1,940.9 2,005.4 1,952.9 2,000.3 1,981.9 1,929.5 1,994.4 1,942.8 1,990.8 1,972.0 -655.7 -746.7 -661.0 -707.9 -706.6 -657.9 -749.3 -668.1 -723.8 -714.6 273.9 270.8 276.7 276.0 283.5 279.7 but it is not used directly in estimating exports and imports in the national income and product accounts. K e y A s s u m p t io n s While the advance estimates of many components of GDP are based on 3 months of source data, some estimates are based on only 2 months of data. For the following items, the number of months for which data are available is shown in parentheses. Personal consumption expenditures: sales of retail stores (3), unit auto and truck sales (3), and consumers’ shares of auto and truck sales (2); Nonresidential fixed investment: unit auto and truck sales (3), construction spending (value put in place) (2), manu facturers’ shipments of machinery and equipment exclud ing aircraft (3), shipments of civilian aircraft (2), and exports and imports of machinery and equipment (2); Residential investment: construction spending (value put in place) (2), single-family housing starts (3), sales of new homes (3), and sales of existing houses (3); Change in private inventories: trade and nondurablegoods manufacturing inventories (2), durable-goods man ufacturing inventories (3), and unit auto and truck invento ries (3); Net exports of goods and services: exports and imports of goods (2); May fo r th e A d v a n c e E s t im a t e s o f G D P struction spending (value put in place) (2), and state and local government employment (3); Compensation: employment, average hourly earnings, and average weekly hours (3); and GDP prices: consumer price indexes (3), producer price indexes (3), and values and quantities of petroleum imports (2 ). Unavailable source data When source data were unavailable, BEA made various assumptions for September, including the following (table 5): • An increase in nonresidential structures, • A decrease in aircraft shipments, • Decreases in single-family and multifamily residential structures, • Increases in the change in inventories of nondurablegoods manufacturing industries and of nonmotor vehicle merchant wholesale and retail trade industries, • A decrease in exports of goods (excluding gold) and a larger decrease in imports of goods (excluding gold), and • A decrease in state and local government structures. A more comprehensive list is available on BEA’s Web site at www.bea.gov. N ovem ber 2010 G D P a n d th e E c o n o m y 6 S e a s o n a l A d ju s t m e n t a n d th e P r ic e Seasonal adjustment is undertaken to remove recurring seasonal variations from economic time series that occur in the same time period and with about the same magni tude each year. It is a statistical procedure that is used to distinguish seasonal fluctuations from changes in trend growth so that the remaining movements in the series better reflect cyclical patterns in economic activity. For example, consumer spending for electronics decreases in January after the holiday season ends, and new home construction increases in the spring as weather condi tions improve. Therefore, after seasonal adjustment, the strength in electronics spending (or in new home con struction) is measured relative to whether it decreases (or increases) from m onth to m onth or quarter to quar ter more or less than “normal.” If a time series is not sea sonally adjusted, it is often more appropriate to compare values for the same period year over year. Most quarterly and monthly BEA estimates are seasonally adjusted. The quarterly (and monthly) esti mates in the national income and product accounts (NIPAs) are seasonally adjusted at the detailed series level when the series— usually current-dollar values or prices— demonstrate statistically significant seasonal patterns. For most data series that are seasonally adjusted by the source agency, BEA incorporates the seasonally adjusted series. To seasonally adjust a time series, BEA applies factors that are derived from present and past ob servations of the series to the not seasonally adjusted data.1 Revisions to the seasonal factors primarily reflect the incorporation of newly available data, which in turn may reflect changes in underlying economic conditions that 1. In most cases, seasonal factors for a year average to 1.00. For quarterly data, a seasonal factor of less than 1.00 means that for the period, the season ally adjusted value is higher than the not seasonally adjusted value. Similarly, a seasonal factor greater than 1.00 means that the seasonally adjusted value is lower than the not seasonally adjusted value. In d e x f o r Im p o r ts o f P e tr o le u m govern the seasonal pattern. For example, in the 2009 comprehensive revision of the NIPAs, BEA began sea sonally adjusting petroleum im port prices, beginning with 1991, because prices (measured as dollars per bar rel) tended to be higher in the second and third quarters than in the first and fourth quarters.2 The extreme vola tility in petroleum prices over the 2 0 0 8 -2 0 0 9 time period substantially affected the estimated seasonal factors for recent time periods. Large seasonal factors were pre dicted for the quarters of 2010 because the seasonal fac tors were most strongly influenced by the data from those recent years even though the not seasonally ad justed prices in 2010 have not displayed the same m agni tude of volatility as in previous years. Chart A compares the not seasonally adjusted quar terly price for imports of petroleum and products with the published seasonally adjusted quarterly price. The 2. See Clinton P. McCully and Steven Payson, “Preview of 2009 Comprehen sive Revision of the NIPAs,” Survey of Current Business 89 (May 2009): 7. Chart A. Imports of Petroleum and Products N ovem ber 2010 S e a s o n a l A d ju s t m e n t a n d th e P r ic e not seasonally adjusted price decreased 88 percent in the fourth quarter of 2008 and decreased 86 percent in the first quarter of 200 9 — the largest price drops since the crude oil price collapse of 1986. After the declines in 2008 and 2009, the not seasonally adjusted petroleum price began to rebound in the second quarter of 2009 and continued to increase through the second quarter of 2010, not following the “norm al” seasonal pattern. As a result, the seasonally adjusted price increased more in the fourth quarter of 2009 and in the first quarter of 2010 than the “norm al” seasonal pattern. For many series, BEA updates seasonal adjustment factors during each annual revision (or comprehensive revision). The estimated factors are derived using the Census Bureau’s X -12 ARIMA program and data through the end of the most recent complete year. The X -12 ARIMA program also produces forecasted seasonal factors into the next calendar year. For example, during the 2010 annual revision, the seasonal factors of the price index for imports of petroleum and products were up dated by applying the X -12 ARIMA program to data through 2009, and forecasted seasonal factors were de rived for 2010. Chart B compares the revised seasonal factors of the price index for imports of petroleum and products from the 2010 annual revision with the seasonal factors from the 2009 comprehensive revision. As the chart shows, updating the seasonal factors through 2009 had the most impact on the seasonal factors for the first and third quarters of the years shown. The revisions to the seasonal factors reflect the tradeoff between employing a flexible seasonal adjustment method that allows for changes in the underlying seasonal factors and the risk that the esti mated seasonal factors may be overly sensitive to the vol atility of the series. Many forecasters of GDP use information from the Census Bureau’s “U.S. International Trade in Goods and Services” on monthly real exports and imports to project 7 Survey of C ur r e n t B usiness In d e x f o r Im p o r ts o f P e tr o le u m the impact of the trade data on GDP. However, caution is needed when comparing the growth rates based on the Census Bureau data for real imports of petroleum with the corresponding NIPA estimates because of differences in seasonal adjustment.3 In the NIPAs, BEA deflates im ports of petroleum and products using a seasonally ad justed price index, while the Census Bureau uses a not seasonally adjusted price index. In general, BEA and the Census Bureau attempt to use consistent price indexes where possible, and currently, the two agencies are inves tigating the most appropriate seasonal adjustment for both the price index and real imports of petroleum and products. 3. The NIPA estimates are derived from BEA’s international transactions accounts, which include adjustments to the Census Bureau data for purchases of fuel by U.S. ocean and air carriers in foreign ports and for purchases of fuel abroad by the U.S. military. For more information on balance of payments adjustments to Census trade data go to BEA’s Web site at www.bea.gov. Under “International,” click on “Balance of Payments,” and next to “Interactive Tables,” click on “Detailed estimates,” and then on “Table 2a. U.S. Trade in Goods,” which presents the balance of payments adjustments at the top of the table in section A. Chart B. Seasonal Factors for the Price Index for Imports of Petroleum and Products 9 November 2010 Newly Available NIPA Tables This report concludes the publication of tables from the 2010 annual revision of the national income and product accounts (NIPAs) with the presentation of NIPA tables 2 .9 and 7 .2 0 . The August 2 0 1 0 S u rvey includes most of the revised NIPA tables. It includes an article that summarizes the results of the annual revision and describes changes in the data and methods used to prepare the estimates. It also includes historical estimates in the report “GDP and Other Major NIPA Series, 1929-2010:11.” Reports in the September and October issues contin ued the presentation of the revised tables. The September issue includes tables 3.15.1-3.15.6, 3.16, 3.17, and 7.15. Table 3.18B and tables 3.19-3.23 were published in the October Survey. The tables from all these reports are available on BEA’s Web site at www.bea.gov. For access to the interactive tables, click on “National.” Table 7.20. Comparison of Income and Outlays of Nonprofit Institutions Serving Households With Revenue and Expenses as Published by the Internal Revenue Service [Billions of dollars] Line 2006 2007 R evenue o f n o n p ro fit in s titu tio n s , IRS 1 .................................................................................................................................................................................... Less: Nonprofit revenue recorded by the IRS not included in nonprofit institution incom e and receipts from s a le s .................................................. Capital gains or lo sse s............................................................................................................................................................................................................ A djustm ent for different accounting p e rio d s...................................................................................................................................................................... N onresident institutions.......................................................................................................................................................................................................... G overnm ent hospitals and s c h o o ls 2 .................................................................................................................................................................................. O ther out-of-scope activity 3.................................................................................................................................................................................................. Transfer receipts from nonprofit institutions 4................................................................................................................................................................... Plus: Nonprofit institution incom e not recorded by the IR S ........................................................................................................................................................ Religious organizations 5 ....................................................................................................................................................................................................... O ther o rg anizations.................... O ther accounting differences 6. 1,778.5 615.7 101.9 14.8 14.4 137.9 268.2 78.5 58.5 59.2 2.4 -3 .2 1.864.2 734.7 95.8 28.6 16.8 179.8 323.5 90.3 63.6 63.6 2.7 - 2 .7 E q u a ls: IR S -d erived n o n p ro fit in s titu tio n in c o m e a nd re c e ip ts fro m s a le s .................................................................................................................. 1.221.3 1,193.0 N o n p ro fit in s titu tio n in c o m e , NIPAs 7.......................................................................................................................................................................................... Plus: Receipts from sales of goods and services by nonprofit institutions, NIPAs 8............................................................................................................ 305.9 693.3 315.0 731.4 314.3 758.8 318.5 799.2 E q u a ls: B E A -d e rive d n o n p ro fit in s titu tio n in c o m e a n d re c e ip ts fro m s a le s ................................................................................................................ 999.1 1,046.4 1,073.1 1,117.7 G ap, IRS le s s B E A n o n p ro fit in s titu tio n in c o m e a n d re c e ip ts fro m s a le s ............................................................................................................ 222.1 146.6 E x p e n se s o f n o n p ro fit in s titu tio n s , IRS 1................................................................................................................................................................................... Less: Nonprofit institution expenses recorded by the IRS not included in gross output of nonprofit institutions and current transfer p a ym e n ts. A djustm ent for different accounting p e rio d s...................................................................................................................................................................... Nonresident institutions........................................................................................................................................................................................................... G overnm ent hospitals and schools 2 .................................................................................................................................................................................. O ther out-of-scope activity 3..... Transfer paym ents to nonprofit institutions 4 ..................................................................................................................................................................... Capital consum ption a d ju s tm e n t9 ....................................................................................................................................................................................... Plus: Gross output of nonprofit institutions and current transfer paym ents not recorded by the IR S .............................................................................. Religious organizations 5 ....................................................................................................................................................................................................... O ther o rg anizations.................................................................................................................................................................................................................. A djustm ent for other accounting differences 10................................................................................................................................................................ 1.575.7 516.7 11.9 12.8 155.2 266.4 78.5 -8.1 51.8 57.3 2.1 -7 .6 1.669.3 602.6 30.9 15.5 155.9 319.1 90.3 -9 .0 55.8 61.7 2.3 -8 .2 E q u a ls: IR S -d e rive d g ro s s o u tp u t o f n o n p ro fit in s titu tio n s a nd c u rre n t tra n s fe r p a y m e n ts ................................................................................. 1.110.8 1,122.6 G ro s s o u tp u t o f n o n p r o fit in s titu tio n s , NIPAs 11..................................................................................................................................................................... Plus: Nonprofit institution current transfer payments, NIPAs 12.................................................................................................................................................. 933.6 79.7 985.6 84.7 1,037.6 88.7 1,058.1 91.6 E q u a ls: B E A -d e rive d g ro s s o u tp u t o f n o n p ro fit in s titu tio n s a nd c u rre n t tra n s fe r p a y m e n ts ................................................................................ G ap, IRS le s s B E A g ro s s o u tp u t o f n o n p ro fit in s titu tio n s a nd c u rre n t tra n s fe r p a y m e n ts ........................................................................... 1.013.3 97.5 1.070.3 52.3 1,126.4 1,149.6 1. For 1996, includes an adjustment to account for some classes of tax-exempt institutions not included in the IRS statistics. 2. Primarily reflects adjustment for differences between IRS and BEA in sector definitions and in treatment of scholarships and fellowships. 3. Includes activities of nonprofit institutions serving business, unrelated sales, secondary sales, and sales to business, government, and the rest of the world. 4. Includes grants and allocations made by nonprofit institutions that indirectly support households through the support of other nonprofit institutions, plus their payments to affiliates. 5. Reflects partial coverage in the IRS statistics. 6. Consists of imputed interest received for depositor and insurance services, net insurance settle ments, and capital consumption adjustment for rental income. 2008 95.3 95.3 2009 86.f 86.! 7. Estimates of income and outlays of nonprofit institutions serving households are provided in table 2.9. 8. Equals table 2.9, line 68. 9. IRS-reported capital consumption allowance less BEA-estimated consumption of fixed capital for structures and for equipment and software of nonprofit institutions serving households. 10. Consists primarily of financial services furnished without payment for depositor and insurance services, less expenditures for computer software investment. 11. Equals table 2.9, line 58. 12. Equals table 2.9, line 78. IRS Internal Revenue Service 10 Newly Available NIPA Tables November 2010 Table 2.9. Personal Income and Its Disposition by Households and by Nonprofit Institutions Serving Households [Billions of dollars] Line Personal in co m e ....................................................................................................................................................................................................... Compensation of employees, received...................................................................... 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. 6 Personal dividend income Personal current transfer receipts........................................................................................................................................................................ Government social benefits to persons........................................................................................................................................................... Other current transfer receipts, from business (net)...................................................................................................................................... Less: Contributions for government social insurance, dom estic..................................................................................................................... Less: Personal cu rre nt taxes 2007 2006 2008 2009 12 11,268.1 7,475.7 1,133.0 146.5 1,829.7 1,127.5 702.2 1,605.0 1,583.6 21.4 921.8 1,352.4 1,438.2 1,140.0 Equals: Disposable personal in com e .................................................................................................................................................................. 13 9,915.7 10,423.6 10,952.9 11,034.9 Less: Personal o u tla y s ........................................................................................................................................................................................... Personal consumption expenditures...................................................................................................................................................... Personal interest payments 1.................................................................................................................................................................. Personal current transfer paym ents....................................................................................................................................................... To government...................................................................................................................................................................................... To the rest of the world (n e t)............................................................................................................................................................... 14 15 16 17 18 19 9,680.7 9,322.7 230.1 128.0 76.4 51.6 10,505.0 10,104.5 246.2 154.3 89.7 64.6 10,379.6 10,001.3 216.8 161.4 95.0 66.5 Equals: Personal s a v in g ......................................................................................................................................................................................... 20 235.0 10,208.9 9,806.3 260.9 141.7 82.4 59.3 214.7 447.9 655.3 Personal saving as a percentage o f disposable personal in c o m e ...................................................................................................... Household in c o m e ................................................................................................................................................................................................... Compensation of employees, received............................................................................................................................................................... Proprietors’ income with inventory valuation and capital consumption adjustments.................................................................................... Rental income of households with capital consumption adjustment............................................................................................................... Household income receipts on a ssets................................................................................................................................................................ Household interest income............................................................................................................................................................................... Household dividend incom e............................................................................................................................................................................. Household current transfer receipts.................................................................................................................................................................... Government social benefits.............................................................................................................................................................................. From business (n e t).......................................................................................................................................................................................... From nonprofit institutions 2 ............................................................................................................................................................................. Less: Contributions for government social insurance, dom estic..................................................................................................................... 21 2.1 11,891.4 7,862.2 1,090.4 139.2 1,999.9 1,231.9 768.0 1,759.3 1,670.4 18.0 70.9 959.5 4.1 22 23 24 2b 26 27 28 29 30 31 32 33 2.4 11,252.4 7,475.7 1,133.0 142.7 1,778.8 1,097.2 681.7 1,644.0 1,566.0 8.8 69.2 921.8 5.9 12,161.4 7,806.7 1,011.9 267.9 1,872.3 1,190.5 681.8 2,172.9 2,077.0 23.6 72.2 970.3 Less: Household curre nt ta x e s ............................................................................................................................................................................. 34 1,352.4 1,488.7 1,438.2 1,140.0 Equals: Disposable household in c o m e .............................................................................................................................................................. 35 9,900.0 10,402.8 10,939.4 11,021.4 Less: Household o u tla y s ........................................................................................................................................................................................ Household consumption expenditures................................................................................................................................................... Purchases from business and government....................................................................................................................................... Purchases from nonprofit institutions 3............................................................................................................................................. Household interest payments 1............................................................................................................................................................... Household transfer paym ents................................................................................................................................................................. To government...................................................................................................................................................................................... To the rest of the world (n e t)............................................................................................................................................................... To nonprofit institutions 4..................................................................................................................................................................... 36 37 38 39 40 41 42 43 44 9,650.9 9,082.3 8,389.1 693.3 230.1 338.5 75.6 41.8 221.1 10,164.1 9,552.1 8,820.7 731.4 260.9 351.1 81.5 46.4 223.2 10,438.2 9,825.7 9,066.8 758.8 246.2 366.3 89.0 48.5 228.8 10,334.2 9,742.5 8,943.3 799.2 216.8 374.9 94.3 47.8 232.8 Equals: Household s a v in g ..................................................................................................................................................................................... H ousehold saving as a percentage o f household disposable in c o m e .............................................................................................. 45 249.1 238.6 501.2 687.2 46 2.5 2.3 4.6 6.2 N onprofit in stitu tio n in c o m e ................................................................................................................................................................................. Rental income of nonprofit institutions with capital consumption adjustm ent............................................................................................... Nonprofit institution income receipts on assets.................................................................................................................................................. Nonprofit institution interest incom e................................................................................................................................................................ Nonprofit institution dividend incom e.............................................................................................................................................................. Nonprofit institution transfer receipts................................................................................................................................................................... From government.............................................................................................................................................................................................. From business (n e t).......................................................................................................................................................................................... From households 4............................................................................................................................................................................................ Less: N onprofit in stitu tio n o u tla y s ...................................................................................................................................................................... Final consumption expenditures of nonprofit institutions serving households (NPISHs).................................................................... Gross output of nonprofit institutions 5................................................................................................................................................... Health..................................................................................................................................................................................................... Recreation.............................................................................................................................................................................................. Education.............................................................................................................................................................................................. Social services...................................................................................................................................................................................... Religious organizations........................................................................................................................................................................ Foundations and grantmaking and giving establishments............................................................................................................. Social advocacy establishments........................................................................................................................................................ Civic and social organizations............................................................................................................................................................. Professional advocacy......................................................................................................................................................................... Less: Receipts from sales of goods and services by nonprofit institutions 3 ................................................................................... Health..................................................................................................................................................................................................... Recreation.............................................................................................................................................................................................. Education............................................................................................................................................................................................... Social services...................................................................................................................................................................................... Religious organizations........................................................................................................................................................................ Foundations and grantmaking and giving establishments.............................................................................................................. Social advocacy establishments........................................................................................................................................................ Civic and social organizations............................................................................................................................................................. Professional advocacy......................................................................................................................................................................... Nonprofit institution current transfer payments.......................................................................................................................................... To governm ent6........................................................................................................................................................................................ To the rest of the world (n e t)................................................................................................................................................................... To households 2 ........................................................................................................................................................................................ 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 /4 75 76 77 78 79 80 81 305.9 3.8 50.8 30.3 20.5 251.3 17.6 12.6 221.1 320.1 240.4 933.6 515.1 31.8 140.3 95.2 72.2 22.7 11.8 11.2 33.4 693.3 507.9 14.5 76.7 52.4 5.6 0.6 2.1 7.7 25.6 79.7 0.8 9.7 69.2 315.0 4.6 57.1 33.2 23.9 253.3 17.5 12.6 223.2 338.9 254.2 985.6 542.3 33.2 153.5 98.3 77.3 24.6 12.9 11.7 31.8 731.4 536.8 14.2 81.6 54.7 6.0 0.7 2.3 8.1 26.9 84.7 0.8 13.0 70.9 314.3 5.2 50.4 32.6 17.8 258.6 18.5 11.3 228.8 367.5 278.8 1,037.6 566.2 35.2 161.8 104.0 76.4 29.8 14.4 12.3 37.6 758.8 555.9 13.9 87.7 56.5 5.9 0.7 2.4 8.1 27.7 88.7 0.7 16.1 71.9 318.5 6.1 47.4 31.8 15.6 265.0 19.8 12.4 232.8 350.4 258.9 1,058.1 586.7 34.2 168.4 106.9 74.2 27.4 14.9 12.3 33.1 799.2 589.4 13.3 93.9 57.5 5.8 0.6 2.5 8.0 28.3 91.6 0.7 18.6 72.2 Equals: N onprofit in stitu tio n sa ving.................................................................................................................................................................... 82 -14.2 -23.9 -53.3 -31.9 N onp ro fit in stitu tio n saving as a percentage o f non profit incom e and receipts from sa le s......................................................... 83 -1 .4 -2.3 -5 .0 -2 .9 Addenda: Nonprofit institution income included in personal income 7.............................................................................................................................. Transfer payments between nonprofit institutions 8........................................................................................................................................... Nonprofit institution income and receipts from sales......................................................................................................................................... 84 85 86 84.8 78.5 999.1 91.8 90.3 1,046.4 85.4 95.3 1,073.1 85.7 86.8 1,117.7 1. Consists of nonmortgage interest paid by households. 2. Includes benefits paid to members, specific assistance to individuals, and grants and allocations. 3. Excludes unrelated sales, secondary sales, and sales to business, government, and the rest of the world; includes membership dues and fees. 4. Includes individual contributions and bequests from households. 5. Gross output is net of unrelated sales, secondary sales, and sales to business, government, and the rest of the world; excludes own-account investment (construction and software). 1 2 3 4 fa 7 8 9 10 11 11,912.3 7,862.2 1,090.4 143.7 2,057.0 1,265.1 791.9 1,718.5 1,687.9 30.5 959.5 1,488.7 12,391.1 8,065.8 1,102.0 222.0 2,109.3 1,314.7 794.6 1,879.2 1,842.6 36.7 987.2 12,377.6 8,065.8 1,102.0 216.9 2,058.9 1,282.1 776.7 1,921.3 1,824.1 25.4 71.9 987.2 12,174.9 7,806.7 1,011.9 274.0 1,919.7 1,222.3 697.4 2,132.8 2,096.8 36.0 970.3 6. Consists of excise taxes paid by nonprofit institutions serving households. 7. Consists of rental income of nonprofit institutions (line 48), income receipts on assets (line 49), transfer receipts from government (line 53), and transfer receipts from business (line 54). 8. Includes grants and allocations made by nonprofit institutions that indirectly support households through the support of other nonprofit institutions, plus their payments to affiliates. N o te . Estimates in this table exclude nonprofit institutions serving business and government. 11 November 2010 U p d a te d S u m m a r y o f N IP A M e th o d o lo g ie s The Bureau of Economic Analysis (BEA) has recently improved its estimates of current-dollar gross domestic product (GDP), current-dollar gross domestic income (GDI), and real GDP as part of the 2010 annual revision of the national income and product accounts (NIPAs).1 The sources of data and the methodologies that are now used to prepare the NIPA estimates are summarized in this report.2 Current-dollar estimates of GDP and GDI are not included.3 Source data The source data include a variety of economic measures, such as sales or receipts, wages and salaries, unit sales, housing stock, insurance premiums, expenses, interest rates, mortgage debt, and tax collections. For most components, the estimates are derived from source data that are “value data”: they encompass both the quantity data and the price data required to prepare current-dollar estimates. For these components, the value data are adjusted to derive estimates that are consistent with NIPA definitions and coverage. For the estimates that are not derived from value data, the sources of the quantity and price data that are used to prepare value estimates are indicated, and the major adjustments that are needed to derive estimates that are consistent with NIPA definitions and coverage are speci fied. For the current-dollar estimates of GDP, a “physical quantity times price” method is used for several compo nents. For example, the estimate of expenditures on new autos is calculated as unit sales times expenditure per auto (the average transactions price that reflects all dis counts and customer rebates). For the current-dollar estimates of GDI, two methods are used for several components—an “employment times earnings times hours” method and variations of a “stock of assets/liabilities times an effective interest rate” method. Some quarterly (or monthly) estimates are derived using source data as indicators to interpolate or extrapo late annual estimates. In other cases, extrapolation and interpolation may be based on trends; in those cases, the use of “judgmental trend” is indicated. The major components and subcomponents of GDP and GDI are listed in table 1. In column 1 of the table, the name of the component is shown along with the currentdollar estimates of that component for 2009. In column 2, information about the sources of data and the methods that are used to prepare the estimates for the comprehen sive benchmark revisions and for the annual revisions in nonbenchmark years are also presented, and the major differences between the data and the methods used in benchmark revisions and those used in the annual revi sions are noted. For example, for “Furnishings and dura ble household equipment” in personal consumption expenditures (PCE) (the second item in table 1), the table indicates that one methodology (commodity flow) is used to prepare estimates for benchmark years, and another methodology (retail control) is used to prepare the estimates for all the other years. In column 3, information about the current quarterly estimates is presented. For most components, informa tion about the advance quarterly estimates, which are prepared about a month after the end of the quarter, are provided because more attention tends to be focused on this “first look” at GDP for a quarter. Major source data that become available for the second or third quar terly estimates for some NIPA components are also noted. Only the source data and methods are listed; the number of months of available source data and whether Estimation methods or not the source data will be revised by the source agency In some cases, BEA also uses four methods to estimate values: the commodity-flow method, the retail-control method, the perpetual-inventory method, and the fiscal year analysis method. The commodity-flow method involves estimating val ues based on various measures of output. For example, the estimates of PCE for “Furnishings and durable house hold equipment” in benchmark years are based on data on manufacturers’ shipments from the Census Bureau, and BEA adjusts the data for imports and exports. In general, this method is used to derive estimates of various 1. T h e c o n c e p t s a n d m e t h o d o lo g ie s t h a t u n d e r l i e t h e N I P A s a re s u b je c t t o p e r io d ic i m p r o v e m e n t s as p a r t o f t h e c o m p r e h e n s iv e a n d a n n u a l N IP A r e v is io n s , a n d th e s e i m p r o v e m e n t s a re d e s c r ib e d i n a s e rie s o f a r t ic le s i n t h e Su r v e y of C u r r e n t B u sin es s ; f o r a l i s t o f t h e s e a r t ic le s , see a p p e n d ix B a t t h e b a c k o f t h i s is s u e . S ee a ls o E u g e n e P. S e s k in a n d S h e lly S m it h , “ A n n u a l R e v i s io n o f t h e N a t i o n a l I n c o m e a n d P r o d u c t A c c o u n t s , ” S u r v e y 9 0 ( A u g u s t 2 0 1 0 ): 6 -2 5 . 2 . F o r d e s c r ip t io n s o f t h e f u n d a m e n t a l c o n c e p t s , d e f i n i t i o n s , c la s s if ic a t io n s , a n d a c c o u n t in g f r a m e w o r k t h a t u n d e r lie t h e N I P A s a n d o f t h e g e n e ra l s o u rc e s and m e th o d s th a t a re used to p re p a re th e e s tim a te s , see C o n c e p ts a n d M e t h o d s o f th e U .S . N a t i o n a l I n c o m e a n d P r o d u c t A c c o u n ts , in t r o d u c t o r y c h a p te rs tu re s ,” 1 - 4 , “ C h a p t e r 5: P e r s o n a l C o n s u m p t i o n E x p e n d i “ C h a p t e r 6 : P r iv a t e F ix e d I n v e s t m e n t , ” a n d “ C h a p t e r 7 : C h a n g e i n P r iv a t e I n v e n t o r i e s ” a v a ila b le o n B E A ’s W e b s it e a t w w w . b e a . g o v / m e t h o d o l o g ie s / in d e x . h t m . 3. F o r s p e c if ic i n f o r m a t i o n o n k e y m o n t h l y s o u r c e d a t a i n c o r p o r a t e d in t h e c u r r e n t q u a r t e r l y e s tim a te s , see “ G D P a n d t h e E c o n o m y ” i n t h e S u r v e y . 12 Summary of NIPA Methodologies components of PCE, equipment and software invest ment, and of the commodity detail for state and local government consumption expenditures and gross invest ment.4 An abbreviated form of this method is used to prepare estimates of equipment and software in non benchmark years, and an even more abbreviated form is used to prepare the current quarterly estimates of equip ment and software. The retail-control method uses retail sales data, usu ally compiled by the Census Bureau, to estimate expen ditures.5 It is used to prepare estimates of many subcomponents of PCE for durable and nondurable goods in nonbenchmark years. This method ensures that the growth rate for these subcomponents is the same rate as the “retail control” group, a measure based on the total sales of most kinds of businesses selling goods and food services from the Census Bureau’s monthly and annual retail trade and food services surveys. The perpetual-inventory method is used to derive estimates of fixed capital stock, which are used to esti mate consumption of fixed capital. This method is based on investment flows and a geometric depreciation for mula.6 The fiscal year analysis method is used to estimate annual and quarterly estimates of consumption expendi tures and gross investment by the federal government. The estimates of expenditures are calculated by program, that is, by activity for a single line item or for a group of line items in the Budget of the U.S. Government. For most programs, BEA adjusts budget outlays so that they con form to NIPA concepts and definitions and classifies the expenditures in the appropriate NIPA category—such as current transfer payments or interest payments—with nondefense consumption expenditures and gross invest ment determined residually. When a fiscal year analysis is completed, the detailed array of NIPA expenditures by program and by type of expenditure provides a set of control totals for the quarterly estimates.7 International transactions accounts November 2010 As noted in table 1, for some NIPA components, the ITA estimates are adjusted to conform to NIPA concepts and definitions. For the annual estimates of these adjustments and their definitions, see NIPA table 4.3B in the August 2010 (page 119); for the summary quarterly esti mates, see the reconciliation table in appendix A in the (page D-90). Reconciliation tables. In preparing the annual esti mates of several components of GDI, BEA adjusts the source data to conform to NIPA concepts and coverage. For each subcomponent, an annual NIPA table reconciles the value published by the source agency with the NIPA value published by BEA, and the adjustments are listed. Reconciliation tables for the following subcomponents were published in “National Income and Product Accounts Tables” in the August 2010 consump tion of fixed capital in table 7.13; nonfarm proprietors’ income in table 7.14; corporate profits in table 7.16; net monetary interest in table 7.17; and wages and salaries in table 7.18. S u rv e y S u rv e y S u rv e y : Estimates of real GDP Estimates of real GDP (GDP adjusted for price changes) are derived in one of three ways: the deflation method, the quantity extrapolation method, and the direct valua tion method.9 These methods and the source data that are used are listed in table 2. The deflation method is used for most components of GDP. A quantity index is derived by dividing the currentdollar index by an appropriate price index that has the base year—currently 2005—equal to 100. The result is then multiplied by 100. The quantity extrapolation method uses quantity indexes that are obtained by using a quantity indicator to extrapolate from the base-year value of 100. The direct valuation method uses quantity indexes that are obtained by multiplying the base-year price by actual quantity data for the index period. The result is then expressed as an index with the base year equal to 100. The subcomponents in table 2 are the same as those The source data for the foreign transactions that are reflected in most NIPA components—such as net exports shown in table 1, but the details differ to highlight the of goods and services, net income receipts, and rest-of- alternative methodologies that are used to calculate the the-world corporate profits—are from the international real estimates.10 transactions accounts (ITAs) that are prepared by BEA.8 4. For a d d it io n a l in f o r m a t io n “ C h a p te r 4: E s tim a tin g M e th o d s ,” on in th e c o m m o d ity - flo w m e th o d , C o n c e p ts a n d M e t h o d s o f th e see U .S . N a t i o n a l I n c o m e a n d P r o d u c t A c c o u n ts ( O c t o b e r 2 0 0 9 ) : 4 - 8 — 4 - 9 . 9 . F o r a d d i t i o n a l i n f o r m a t i o n , see “ E s t i m a t i n g M e t h o d s , ” 4 - 1 2 . 5 . F o r a d d i t i o n a l i n f o r m a t i o n , see “ E s t i m a t i n g M e t h o d s , ” 4 - 9 , a n d F A Q 5 1 9 “ W h a t is t h e r e t a i l c o n t r o l m e t h o d ? ” a t fa q . b e a .g o v . 1 0 . F o r r e a l e s tim a te s , th e d is tin c tio n b e tw e e n annual and q u a r t e r ly m e t h o d o lo g ie s is le s s i m p o r t a n t t h a n i t is f o r t h e c u r r e n t - d o l l a r e s tim a te s . 6 . F o r a d d i t i o n a l i n f o r m a t i o n , see “ E s t i m a t i n g M e t h o d s , ” 4 - 1 1 . F o r t h e r e la t iv e l y f e w ca ses i n w h i c h t h e a n n u a l a n d q u a r t e r l y s o u r c e d a t a 7 . F o r d e t a ils , see t h e m e t h o d o l o g y p a p e r G o v e r n m e n t T r a n s a c t io n s a t d if f e r , t h e m a j o r d if f e r e n c e s a re n o t e d . w w w . b e a . g o v / m e t h o d o lo g ie s / i n d e x . h t m . 8 . S ee S o u rc e s , T h e B a la n c e and o f P a y m e n t s o f th e E s tim a tin g P ro c e d u r e s under w w w . b e a . g o v / m e t h o d o lo g ie s / i n d e x . h t m . U n it e d S ta te s : C o n c e p ts , “ In te r n a tio n a l Im p ro v e m e n ts in D a ta A c c o u n ts ” at m e t h o d o lo g y a re u s u a lly i n t r o d u c e d as p a r t o f a n n u a l I T A r e v is io n , s e e n m o s t r e c e n t ly i n H e le n Y . B a i a n d M a i - C h i H o a n g , “ A n n u a l R e v is io n o f t h e U .S . I n t e r n a t i o n a l A c c o u n t s ” S u r v e y 9 0 ( J u ly 2 0 1 0 ) : 3 6 - 5 0 . Tables 1 and 2 follow. November 2010 S u r v e y o f C u r r e n t B u s in e s s 13 Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Component Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Current quarterly estimates: Source data and methods used to prepare an extrapolator1 G ross do m e stic p ro d u ct o f $14,119.0 b illio n fo r 2009 Personal consumption expenditures ($10,001.3 billion) Goods ($3,230.7 billion) Durable goods ($1,026.5 billion) Motor vehicles and parts Benchmark years. For new motor vehicles, physical quantity ($319.7 billion) purchased times average retail price: unit sales, information to allocate sales among consumers and other purchasers, and average transactions prices that reflect all discounts and customer rebates, all from trade sources. Sales tax rate from Census Bureau annual retail trade survey (ARTS). For net transactions, residual based on net sales by other sectors. For dealers’ margins, retail sales from Census Bureau quinquennial census and margin rates from Census Bureau annual survey of retail trade. For motor vehicle parts and accessories, commodity-flow method, starting with manufacturers’ shipments from Census Bureau quinquennial census, including an adjustment for exports and imports from Census Bureau foreign trade data. Other years except the most recent year. For new motor vehicles, same as the benchmark years. For net transactions, change in consumer stock of motor vehicles from trade sources. For dealers’ margins, for franchised dealers, unit sales and sales prices from trade sources times margin rates for independent dealers from Census Bureau ARTS. For motor vehicle parts and accessories, retail-control method, using retail sales from Census Bureau ARTS. Most recent year. For dealers’ margins, for franchised dealers, unit sales and sales prices from trade sources. For independent dealers, sales from Census Bureau monthly survey of retail trade. For motor vehicles parts and accessories, retail-control method, using retail sales from Census Bureau monthly survey of retail trade. Furnishings and durable Benchmark years. Commodity-flow method, starting with household equipment manufacturers’ shipments from Census Bureau quinquennial census, ($248.1 billion) including an adjustment for exports and imports from Census Bureau foreign trade data. Other years except the most recent year. Retail-control method, using retail sales from Census Bureau ARTS. Most recent year. Retail-control method, using Census Bureau monthly survey of retail trade. Recreational goods and Benchmark years. Commodity-flow method, starting with vehicles ($317.5 billion) manufacturers’ shipments from Census Bureau quinquennial census, including an adjustment for exports and imports from Census Bureau foreign trade data. Other years except the most recent year. Retail-control method, using retail sales from Census Bureau ARTS. Most recent year. Retail-control method, using Census Bureau monthly survey of retail trade. Other durable goods Benchmark years. Commodity-flow method, starting with ($141.1 billion) manufacturers’ shipments from Census Bureau quinquennial census, including an adjustment for exports and imports from Census Bureau foreign trade data. Other years except the most recent year. Retail-control method, using retail sales from Census Bureau ARTS. Most recent year. Retail-control method, using Census Bureau monthly survey of retail trade. For new motor vehicles, same as the annual estimates for other years. For net trans actions, extrapolated by retail sales of used vehicle dealers from Census Bureau monthly survey of retail trade. For dealers’ margins, same as the annual estimates for the most recent year and judgmental trend. For motor vehicle parts and accessories, same as the annual estimates for the most recent year. Same as the annual estimates for the most recent year. Same as the annual estimates for the most recent year. Same as the annual estimates for the most recent year. Nondurable goods ($2,204.2 billion) Food and beverages Benchmark years. Commodity-flow method, starting with Same as the annual estimates purchased for offmanufacturers’ shipments from Census Bureau quinquennial census, for the most recent year. premises consumption including an adjustment for exports and imports from Census Bureau ($777.9 billion) foreign trade data. Other years except the most recent year. Retail-control method, using retail sales from Census Bureau ARTS. Most recent year. Retail-control method, using Census Bureau monthly survey of retail trade. See the footnotes at the end of the table. Summary of NIPA Methodologies 14 November 2010 Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Clothing and footwear Benchmark years. For standard clothing issued to military personnel, data from OMB’s Budget of the United States. For all others, ($322.2 billion) commodity-flow method, starting with manufacturers’ shipments from Census Bureau quinquennial census, including an adjustment for exports and imports from Census Bureau foreign trade data. Other years except the most recent year. For standard clothing issued to military personnel, same as for benchmark years. For all others, retail-control method, using retail sales from Census Bureau ARTS. Most recent year. For standard clothing issued to military personnel, same as for benchmark years. For all others, retail-control method, using Census Bureau monthly survey of retail trade. Benchmark years. For motor vehicle fuels, lubricants, and fluids, Gasoline and other physical quantity purchased times average retail price: gallons energy goods consumed from the Department of Transportation; information to ($303.7 billion) allocate total gallons among consumers and other purchasers from federal agencies and trade sources; average retail price from the Energy Information Administration (EIA). For fuel oil and other fuels, commodity-flow method, starting with manufacturers’ shipments from Census Bureau quinquennial census, including an adjustment for exports and imports from Census Bureau foreign trade data. Other years except the most recent year. For motor vehicle fuels, lubricants, and fluids, same as for benchmark years. For fuel oil and other fuels, retail-control method, using Census Bureau ARTS. Most recent year. For motor vehicle fuels, lubricants, and fluids, physical quantity purchased times average retail price: gallons consumed and average price from EIA. For fuel oil and other fuels, retail-control method, using Census Bureau monthly survey of retail trade. Other nondurable goods Benchmark years. For prescription drugs, Census Bureau quinquennial product-line data on retail sales for prescription drugs. ($800.4 billion) For expenditures abroad by U.S. residents (net), BEA international transactions accounts. For all others, commodity-flow method, starting with manufacturers’ shipments from Census Bureau quinquennial census, including an adjustment for exports and imports from Census Bureau foreign trade data. Other years except the most recent year. For prescription drugs, value of sales to pharmacies from a trade source. For tobacco, quantity shipped times consumer price: quantity shipments data from the U.S. Department of Treasury, Alcohol and Tobacco Tax and Trade Bureau times the CPI for tobacco and smoking products from BLS. For expenditures abroad by U.S. residents (net), same as for benchmark years. For all others, retail-control method, using retail sales from Census Bureau ARTS. Most recent year. For prescription drugs, for tobacco, and for expenditures abroad by U.S. residents (net), same as other years. For all others, retail-control method, using Census Bureau monthly survey of retail trade. Component See the footnotes at the end of the table. Current quarterly estimates: Source data and methods used to prepare an extrapolator1 Same as the annual estimates for the most recent year. Same as the annual estimates for the most recent year. For expenditures abroad by U.S. residents (net), same as for benchmark years. For all others, same as the annual estimates for the most recent year. November 2010 15 S u r v e y o f C u r r e n t B u s in e s s Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Component Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Current quarterly estimates: Source data and methods used to prepare an extrapolator1 Services ($6,770.6 billion) Household consumption expenditures (for services) ($6,511.8 billion) Housing and utilities Benchmark years. For rental value of nonfarm dwellings, data on For housing, unit stock adjusted using ($1,876.3 billion) housing stock and average annual rent from Census Bureau Census Bureau data on housing decennial census of housing and survey of residential finance, completions and judgmental trend. For adjusted for utilities included in rent. For rental value of farm average rent, BLS CPI for rent. For dwellings, USDA data on gross rental value of farm dwellings. garbage and trash collection, advance For electricity and natural gas, variation of commodity-flow and second estimates: judgmental method, using annual residential revenue from EIA. For all trend; third estimate: receipts from others, commodity-flow method, starting with receipts from Census Bureau quarterly services Census Bureau quinquennial census and annual surveys of survey. For electricity and gas, EIAdata state and local governments, adjusted to a calendar year basis on kilowatt-hour sales and on cents per from a fiscal year basis. kilowatt hour of electricity to residential Other years except the most recent year. For rental value of customers and on cubic-feet sales and nonfarm dwellings, data from Census Bureau biennial cents per cubic feet of gas to residential American housing survey or data on the number of housing customers, both adjusted from a billing units from Census Bureau monthly current population survey to a usage basis. For all others, and BLS CPI for rent. For rental value of farm dwellings and for judgmental trend. electricity and gas, same as for benchmark years. Most recent year. For electricity and gas, residential revenue from EIA. For all others, same as for other years. Health care Benchmark years. Commodity-flow method, starting with For government hospitals, judgmental ($1,623.2 billion) receipts from Census Bureau quinquennial census and census trend. For all others, advance and of governments. second estimates: wages and salaries Other years. Receipts from Census Bureau service annual derived from BLS monthly employment survey, annual surveys of state and local governments, times earnings times hours and adjusted to a calendar year basis from a fiscal year basis and judgmental trend; third estimate: judgmental trend. receipts from Census Bureau quarterly services survey. Transportation Benchmark years. For air transportation, commodity-flow For motor vehicle maintenance and method, starting with passenger revenue data from the Bureau repair and for motor vehicle rentals, services ($290.1 billion) of Transportation Statistics. For all others, commodity-flow advance and second estimates: method, starting with receipts from Census Bureau judgmental trend; third estimate: quinquennial census, BLS consumer expenditure survey, and receipts from Census Bureau quarterly trade sources. services survey. For all others, trade Other years. For air transportation, same as benchmark years. sources and judgmental trend. For all others, receipts from Census Bureau service annual survey, ARTS, trade sources, and judgmental trend. Recreation services Benchmark years. Commodity-flow method, starting with For membership clubs, sports centers, ($378.8 billion) receipts from Census Bureau quinquennial census, census of parks, theaters and museums (except governments, and trade sources. motion picture theaters), for cable Other years. Receipts from Census Bureau service annual television, for repair of audio-visual survey, annual surveys of state and local governments, equipment, for pari-mutuel net receipts, adjusted to a calendar year basis from a fiscal year basis, and for package tours, advance and ARTS, and judgmental trend. second estimates: wages and salaries derived from BLS monthly employment times earnings times hours, trade source, and judgmental trend; third estimate: receipts from Census Bureau quarterly services survey. For motion picture theaters, trade sources. For casino gambling, advance and second estimates: various state gaming control commissions’ data; third estimates: receipts from Census Bureau quarterly services survey and various state gaming control commissions’ data. For all others, wages and salaries derived from BLS monthly employment times earnings times hours and judgmental trend. See the footnotes at the end of the table. 16 Summary of NIPA Methodologies November 2010 Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Component Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Food services and accommodations ($603.6 billion) Current quarterly estimates: Source data and methods used to prepare an extrapolator1 Benchmark years. Commodity-flow method, starting with receipts For food services, retail-control method from Census Bureau quinquennial census, Census of using monthly retail sales from Census Governments, and federal government agency data. Bureau monthly survey of retail trade. For Other years. Receipts from Census Bureau ARTS, annual all others, trade source and judgmental surveys of state and local governments, adjusted to a calendar trend. year basis from a fiscal year basis, trade sources, and judgmental trend. Financial services Benchmark years. For insurance services, trade sources. For all For financial service charges and fees and and insurance others, commodity-flow method, starting with receipts from for trust, fiduciary, and custody activities, ($813.8 billion) Census Bureau quinquennial census, and data from federal advance and second estimates: and state government administrative agencies and from trade judgmental trend; third estimate: Federal sources. Deposit Insurance Corporation Call Other years. For insurance services, same as benchmark years Report data. For financial services and judgmental trend. For all others, Census Bureau service furnished without payment, advance and annual survey, federal and state government administrative second estimates: judgmental trend; third data, and trade sources. estimate: FRB tabulations of Call Report data. For all others, wages and salaries derived from BLS monthly employment times earnings times hours, trade sources, and judgmental trend. Benchmark years. For net foreign travel, estimated as part of the For telephone services, for other delivery Other services ($925.9 billion) international transactions accounts; see the entry “Exports and services, for internet service providers, imports of services” under “Net exports of goods and services.” for day care and nursery school, for legal For all others, commodity-flow method, starting with receipts services, for nonprofit professional from Census Bureau quinquennial census, Census of associations services, for funeral Governments, and trade sources. services, for personal care and clothing Other years. For net foreign travel, same as benchmark years. services, for child care, for individual and For all others, receipts from Census Bureau service annual family services, for vocational survey, trade sources, annual survey of state and local rehabilitation services, for community government finances, and judgmental trend. food and housing/emergency/other relief services, for social advocacy and civic and social organizations, and for household maintenance, advance and second estimates: wages and salaries derived from BLS monthly employment times earnings times hours, and judgmental trend; third estimate: receipts from Census Bureau quarterly services survey. For net foreign travel, same as benchmark years. For all others, wages and salaries derived from BLS monthly employment times earnings times hours, trade sources, and judgmental trend. Final consumption Benchmark years. For gross output of nonprofit institutions, For gross output of health services, for expenditures of operating expenses from Census Bureau quinquennial census recreation services, for nonprofit day care and nursery schools, for nonprofit child nonprofit institutions for tax-exempt and religious organizations and trade source. serving households Other years. For gross output of nonprofit institutions, operating care providers, for nonprofit individual ($258.9 billion) expenses from Census Bureau annual survey for tax-exempt and family services, for nonprofit organizations, trade sources, and judgmental trend. vocational rehabilitation services, for nonprofit community food and housing services, for foundations and grant making, for social advocacy organizations, for civic and social organizations, for professional associations, and for “All other similar organizations,” advance and second estimates: wages and salaries derived from BLS monthly employment times earnings times hours and judgmental trend; third estimate: operating expenses from Census Bureau quarterly services survey. For all others, wages and salaries derived from BLS monthly employment times earnings times hours and judgmental trend. See the footnotes at the end of the table. November 2010 17 S u r v e y o f C u r r e n t B u s in e s s Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Component Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Fixed investment ($1,716.4 billion) Nonresidential structures ($451.6 billion) Commercial and health Benchmark years. BEA’s benchmark input-output accounts. care ($128.1 billion) Other years. Construction spending (value put in place) from Census Bureau monthly construction survey. Manufacturing Construction spending (value put in place) from Census Bureau ($63.1 billion) monthly construction survey. Power and communication Construction spending (value put in place) from Census Bureau monthly construction survey. ($91.6 billion) Mining exploration, shafts, Benchmark years. Expenditures from Census Bureau quinquennial census. and wells ($85.0 billion) Other years except the most recent year. For petroleum and natural gas, physical quantity times average price: footage drilled and cost per foot from trade sources. For other mining, expenditures from Census Bureau annual capital expenditures survey. Most recent year. For petroleum and natural gas, physical quantity times average price: footage drilled from trade sources, cost per foot extrapolated by BLS producer price indexes for oil and gas well drilling and for oilfield services. For mining, BEA data on private investment in mining equipment. Other structures Benchmark years. BEA’s benchmark input-output accounts. ($83.8 billion) Other years. Construction spending (value put in place) from Census Bureau monthly construction survey. Nonresidential equipment and software ($912.8 billion) Equipment except new Benchmark years. Commodity-flow method, starting with autos, new light trucks, manufacturers’ shipments from Census Bureau quinquennial census, and net purchases of including an adjustment for exports and imports from Census Bureau used autos and used light foreign trade data. trucks ($626.1 billion) Other years except the most recent year. For aircraft, manufacturers’ shipments from Census Bureau current industrial report, including an adjustment for exports and imports from Census Bureau foreign trade data. For computers, manufacturers’ shipments from Census Bureau monthly survey of manufacturers and FRB industrial production index, adjusted for exports and imports. For heavy trucks, physical quantity purchased times average price: unit sales and information to allocate sales among business and other purchasers, from trade sources. For truck trailers, shipments from trade source. For all others, abbreviated commodity-flow method, starting with manufacturers’ shipments from Census Bureau annual survey, adjusted for exports and imports. Most recent year. For aircraft, for computers, and for heavy trucks, same as for other years. For all others, abbreviated commodity-flow method, starting with manufacturers’ shipments from Census Bureau monthly survey of manufactures, adjusted for exports and imports. New autos, new light See the entry “Motor vehicles and parts” under “Personal consumption trucks, and net purchases expenditures.” of used autos and used light trucks ($26.4 billion) Software ($260.2 billion) Benchmark years. For purchased software, commodity-flow method, starting with industry receipts from Census Bureau quinquennial census, including an adjustment for exports and imports from Census Bureau foreign trade data. For own-account software, production costs based on BLS occupational employment data and on Census Bureau quinquennial census. Other years. For purchased software, commodity-flow method, starting with industry receipts from Census Bureau service annual survey, including an adjustment for exports and imports from Census Bureau foreign trade data. For own-account software, production costs based on BLS occupational employment data. See the footnotes at the end of the table. Current quarterly estimates: Source data and methods used to prepare an extrapolator1 Same as the annual estimates for other years. Same as the annual estimates. Same as the annual estimates. Same as the annual estimates for the most recent year. Same as the annual estimates for other years. Same as the annual estimates for the most recent year but with less detail. See the entry under “Personal consumption expenditures.” For purchased software, ad vance and second estimates: receipts fromcompany reports to the Securities and Exchange Commission; third estimate: receipts from Census Bureau quarterly services survey. For ownaccount software, BLS monthly current employment statistics for select industries. Summary of NIPA Methodologies 18 November 2010 Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Component Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Residential investment ($352.1 billion) Permanent-site new single Construction spending (value put in place) based on phased housing starts and average construction cost from Census Bureau monthly family structures construction survey. ($105.3 billion) Permanent-site new multi Construction spending (value put in place) from Census Bureau monthly construction survey. family structures ($28.2 billion) Benchmark years. See the entry “Equipment except new autos, new Manufactured homes light trucks, and net purchases of used autos and used light trucks” ($3.5 billion) under “Nonresidential equipment and software.” Other years. Physical quantity shipped times price: shipments from trade source and average retail price from Census Bureau monthly survey. Benchmark years. Construction spending (value put in place) from Improvements Census Bureau construction survey. ($149.3 billion) Others years. A weighted 3-year moving average of the improvements estimates from Census Bureau construction spending (value put in place) survey. Current quarterly estimates: Source data and methods used to prepare an extrapolator1 Same as the annual estimates. Same as the annual estimates. Same as the annual estimates for other years. Retail sales of building ma terials and garden supply stores from Census Bureau monthly survey of retail trade and earnings data from BLS monthly current employment statistics. Same as the annual estimates. Physical quantity times price times BEA estimate of average commission rate: number of single-family houses sold and mean sales price from Census Bureau monthly construction survey and trade source. See the entry “Furnishings and durable household equipment” under Same as the annual estimates. Equipment ($8.9 billion) “Personal consumption expenditures.” Change in private inventories (-$127.2 billion) For crops, BEA quarterly USDA change in inventories adjusted to exclude Commodity Credit Farm ($3.8 billion) allocation of USDA annual Corporation (CCC) forfeitures and to include net CCC loans at projections of crop output and market value. cash receipts. For livestock, USDA quarterly data. Same as the annual estimate Manufacturing and trade Benchmark years. Inventories from Census Bureau quinquennial for the most recent year. census and annual surveys revalued to current replacement cost, (-$120.3 billion) with information on the proportions of inventories reported using different accounting methods, on the commodity composition of goods held in inventory, and on the turnover period, all from Census Bureau quinquennial census and annual surveys, combined with prices, largely based on BLS producer price indexes. (The difference between Census Bureau change in inventories and BEA change in private inventories is the inventory valuation adjustment.) Other years except the most recent year. Inventories from Census Bureau annual surveys, revalued as described above. Most recent year. For retail auto dealers, quantities times average prices from trade sources. For all others, inventories from Census Bureau monthly surveys, revalued as described above. Mining, utilities, construc Benchmark years. Mining and construction inventories from Census For mining, advance estimate: Bureau quinquennial census, publishing inventories from the Census judgmental trend; second and tion, and other nonfarm Bureau service annual survey, revalued to current replacement cost third estimates: same as the industries annual estimate for most as described above for “Manufacturing and trade.” (-$10.8 billion) recent year. For electric Other years except the most recent year. For publishing inventories, same as the annual estimates for benchmark years; IRS tabulations utilities, same as the annual estimate for the most recent of business tax returns, revalued as described above. Most recent year. For mining, Census Bureau quarterly financial report year. For all others, judgmental trend. of mining corporations, revalued as described above. For electric utilities, monthly physical quantities from EIA combined with BLS producer price indexes. For all others, judgmental trend. Brokers’ commissions ($58.6 billion) See the footnotes at the end of the table. November 2010 19 S u r v e y o f C u r r e n t B u s in e s s Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Component Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Net exports of goods and services (-$386.4 billion) Exports and imports of Estimated as part of the international transactions accounts: export goods, net (-$524.7 billion) and import documents compiled monthly by the Census Bureau with adjustments by BEAfor coverage and valuation to convert the data to a balance-of-payments basis. Balance-of-payments transactions adjusted for coverage of U.S. territories and Puerto Rico using data from the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and the Census Bureau, and for coverage of gold transactions using data from the U.S. Geological Survey and trade sources. Exports and imports of Estimated as part of the international transactions accounts: for services, net government transactions, reports by federal agencies on their ($138.3 billion) purchases and sales abroad. For most others in this group (including travel, passenger fares, other transportation, and royalties and license fees), BEA quarterly or annual surveys (supplemented with data from other sources). Transactions adjusted for the balance-ofpayments coverage of U.S. territories and Puerto Rico (see the above entry), and to include financial services furnished without payment (see the entry “Banks, credit agencies, and investment companies” under “Net interest and miscellaneous payments”). Government consumption expenditures and gross investment ($2,914.9 billion) Federal government ($1,139.6 billion) National defense except Within a control total established by fiscal year analysis: for consumption of general compensation, military wages from OMB’s Budget of the United States, civilian wages from BLS tabulations from the quarterly government fixed capital ($685.4 billion) census of employment and wages (QCEW), civilian benefits from the Office of Personnel Management (OPM), and employer contributions for federal employee retirement plans from outlays from the Monthly Treasury Statement; for other than compensation by type, based mainly on data from Department of Defense (DOD) reports; for software, see the entry under “Nonresidential equipment and software.” National defense Perpetual-inventory method, based on gross investment estimates and consumption of general on investment prices. government fixed capital ($86.2 billion) Nondefense except Within a control total established by fiscal year analysis: for CCC consumption of general inventory change, book values of acquisitions and physical quantities government fixed capital of dispositions from agency reports times average market prices from ($336.5 billion) USDA; for compensation, civilian wages from BLS tabulations from the QCEW, civilian benefits from OPM, and employer contributions for federal employee retirement plans from outlays from the Monthly Treasury Statement; for petroleum sales, distribution and price data from the Department of Energy; for research and development, obligations fromthe National Science Foundation and disbursements from the National Aeronautics and Space Administration; for construction, construction spending (value put in place) from Census Bureau monthly construction survey; for software, see the entry under “Nonresidential equipment and software;” for all others, outlays from the Monthly Treasury Statement. For financial services furnished without payment, see the entry “Banks, credit agencies, and investment companies” under “Net interest and miscellaneous payments.” Nondefense consumption Perpetual-inventory method, based on gross investment estimates and of general government on investment prices. fixed capital ($31.5 billion) See the footnotes at the end of the table. Current quarterly estimates: Source data and methods used to prepare an extrapolator1 For territorial adjustment, Census Bureau foreign trade data and judgmental trend. For gold, judgmental trend. For all others, same as the annual estimates. For territorial adjustment, judgmental trend. For all others, same as the annual estimates. For components of compen sation, military employment from DOD and civilian employment from BLS. For other than compensation, same as the annual estimates. For software, see the entry under “Nonresidential equipment and software.” Same as the annual estimates. For components of compen sation, employment from BLS. For software, see the entry under “Nonresidential equipment and software.” For all others and software, same as the annual estimates. Same as the annual estimates. Summary of NIPA Methodologies 20 November 2010 Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Component Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator State and local government ($1,775.3 billion) Consumption expenditures All years except the 3 most recent years. Total expenditures from Census Bureau Census of Governments and annual surveys of state and gross investment except those items listed and local governments, selectively replaced with source data that are more appropriate for the NIPAs and adjusted for coverage, for netting below ($241.8 billion) and grossing differences, to a calendar year basis from a fiscal year basis, for other timing differences, to exclude items not directly included in GDP (interest, subsidies, net expenditures of government enterprises, and transfer payments), and to exclude items described below. The 3 most recent years. Judgmental trend. Compensation of general For wages and salaries, BLS tabulations from the QCEW. For employer contributions for government social insurance, tabulations government employees from the Social Security Administration and other agencies ($1,053.9 billion) administering social insurance programs. For employer contributions for employee pension and insurance funds, data from trade sources, CMS, Census Bureau annual surveys of state and local government retirement funds, adjusted to a calendar year basis from a fiscal year basis, Census Bureau annual surveys of state and local governments, adjusted to a calendar year basis from a fiscal year basis, and judgmental trend. Perpetual-inventory method based on gross investment estimates and Consumption of general government fixed capital on investment prices. ($154.6 billion) Structures ($288.5 billion) Construction spending (value put in place) from Census Bureau monthly construction survey, benchmarked to quinquennial Census of Governments and annual surveys of state and local governments. Software ($12.8 billion) Brokerage charges and financial services furnished without payment ($23.7 billion) See the entry “Software” under “Nonresidential equipment and software.” See the entry “Financial services and insurance” under “Personal consumption expenditures.” Current quarterly estimates: Source data and methods used to prepare an extrapolator1 Judgmental trend. For wages and salaries, derived from BLS monthly employ ment times earnings from BLS employment cost index. For other compensation, judgmental trend. Same as the annual estimates. Construction spending (value put in place) from Census Bureau monthly construction surveys. Same as the annual estimates. Same as the annual estimates. Gross domestic income of $13,939.9 billion for 2009 Compensation of employees, paid ($7,819.5 billion) Wage and salary accruals ($6,286.9 billion). For most industries, wages and For most industries, BLS tabulations from the QCEW. For others, wages from a variety of sources (such as USDA for farms and the salaries derived from BLS monthly employment times Railroad Retirement Board for railroad transportation), adjusted for earnings times hours. For understatement of income on tax returns and for coverage others, judgmental trend. differences. For civilians, wages from BLS tabulations from the QCEW. For military For civilians, employment from Federal government BLS and judgmental trend. personnel, wages from OMB’s Budget of the United States. ($311.0 billion) For military personnel, DOD employment and judgmental trend. Derived from BLS employment State and local government BLS tabulations from the QCEWadjusted for coverage differences. times earnings from BLS ($862.6 billion) employment cost index. Private industries ($5,113.4 billion) Employer contributions for employee pension and insurance funds ($1,072.0 billion) All years except the most recent year. For private and for state and Judgmental trend. local governments, employer contributions from CMS. Most recent year. For private, CMS tabulations. For state and local governments, judgmental trend. Private pension and profit- All years except the 2 most recent years. Tabulations from Department Judgmental trend. of Labor. sharing funds Two most recent years. Tabulations from Pension Benefit Guaranty ($234.7 billion) Corporation and corporate financial data. Group health insurance ($558.9 billion) See the footnotes at the end of the table. November 2010 21 S u r v e y o f C u r r e n t B u s in e s s Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Component Government employee retirement plans ($217.3 billion) Workers’ compensation ($48.8 billion) Group life insurance ($10.7 billion) Employer contributions for government social insurance ($460.6 billion) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator All years except the most recent year. For federal plans, outlays from the Monthly Treasury Statement. For state and local government plans, Census Bureau annual surveys of state and local government retirement funds, adjusted to a calendar year basis from a fiscal year basis. Most recent year. For federal plans, same as all years except the most recent. For state and local government plans, Census Bureau annual surveys of state retirement funds, adjusted to a calendar year basis from a fiscal year basis. All years except the most recent year. Employer contributions from trade sources. Most recent year. Judgmental trend. All years except the most recent year. Group premiums and estimates of employer share from trade sources. Most recent year. Judgmental trend. Tabulations fromthe Social Security Administration and other agencies administering social insurance programs. Taxes on production and imports ($1,024.7 billion) Federal government For excise taxes, collections from the Alcohol and Tobacco Tax and ($94.4 billion) Trade Bureau and from the IRS. For customs duties, receipts from the Monthly Treasury Statement. State and local government Receipts from Census Bureau quinquennial census and annual ($930.3 billion) surveys, adjusted to a calendar year basis from a fiscal year basis. Less: Subsidies ($60.3 billion) Federal government ($58.9 For agricultural subsidy payments, data from USDA reports. For all billion) others, data from OMB’s Budget of the United States. State and local government For railroad and electric power, Census Bureau annual surveys of ($1.4 billion) expenditures adjusted to a calendar year basis from a fiscal year basis and California administrative records. Net operating surplus ($3,294.9 billion) Private enterprises ($3,308.1 billion) Net interest and miscellaneous payments ($982.5 billion)4 Domestic monetary All years except the most recent year. For farm interest paid, USDA interest, net surveys. For residential mortgage interest paid, Census Bureau ($443.9 billion) decennial survey of residential finance and mortgage debt from FRB times a BEA interest rate. For most other interest paid and received by business, IRS tabulations of business tax returns, adjusted for misreporting on tax returns and for conceptual differences. Most recent year. For farm and mortgage interest paid, same as all years except the most recent. For other interest, interest receipts and payments from regulatory agencies (such as the Federal Deposit Insurance Corporation), from trade sources, or derived by applying BEA interest rates to interest-bearing assets/liabilities from FRB flow of funds accounts. See the footnotes at the end of the table. Current quarterly estimates: Source data and methods used to prepare an extrapolator1 For federal plans, same as the annual estimates for the most recent year. For state and local government plans, judgmental trend. Judgmental trend. Judgmental trend. For federal programs, BEAderived wages and salaries of employees covered by the programs. For state and local programs, judgmental trend. For customs duties, receipts from the Monthly Treasury Statement. For most excise taxes, derived from indicators of activity (such as gasoline production for gasoline tax). For others, judgmental trend. Judgmental trend. USDA reports and judgmental trend. Judgmental trend and California administrative records. Derived by combining estimates of (1) interest received by persons, (2) government interest paid less received, and (3) interest paid by persons. For (1), judgmental trend. For (2), data from the Monthly Treasury Statement and the Bureau of the Public Debt for federal and judgmental trend for state and local; and for (3), for margin interest, advance estimate: judgmental trend; second or third estimate: data from regulatory agencies. For other than margin interest, consumer debt from FRB times BEA estimates of interest rates. 22 Summary of NIPA Methodologies November 2010 Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Component Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Current quarterly estimates: Source data and methods used to prepare an extrapolator1 Domestic imputed interest, net ($519.3 billion) Banks, credit agencies, and investment companies ($261.7 billion) Depositor services All years. For commercial banks, FRB tabulations of Federal Financial For commercial banks, advance Examination Council Call Reports used to calculate the interest rate estimate: judgmental trend; for ($220.0 billion) spread between a risk-free reference rate and the average interest second or third estimates: rate paid to depositors times the average balance of deposits. same as annual estimates. For investment companies, Depositor services allocated to persons, to government, and to the rest of the world on the basis of deposit liabilities from FRB. For credit advance estimate: judgmental agencies and investment companies, property income earned on trend; for second and third investment of deposits less monetary interest paid to depositors (and estimates: mutual fund data for mutual depositories, profits from IRS tabulations of business tax from a trade source. For all returns) from annual reports of regulatory agencies and FRB. others, judgmental trend. Depositor services allocated to persons, to government, and to the rest of the world on the basis of deposit liabilities from FRB. Borrower services All years. For commercial banks, data from FRB tabulations of Federal For advance estimate, ($41.7 billion) Financial Examination Council Call Reports used to calculate the judgmental trend. For second interest rate spread between the average rate paid by borrowers and or third estimates, same as the reference rate times the average balance of borrowers. annual estimates for commercial banks. Judgmental trend. Life insurance carriers All years. Property income earned on investment of policyholders’ reserves from trade source. ($253.7 billion) Judgmental trend. Property and casualty All years. Expected investment income derived using premiums insurance companies earned and investment gains from trade source. ($3.9 billion) Business current transfer payments (net) ($134.0 billion) To persons (net) All years except the most recent year. For payments to persons for Same as the annual estimates ($36.0 billion) charitable contributions, IRS tabulations of business tax returns. For for the most recent year. other components (such as liability payments for personal injury and net insurance settlements), information from government agency reports and trade sources. Most recent year. Judgmental trend. For federal, receipts from OMB’s Budget of the United States. For state Judgmental trend. To government (net) and local, receipts from Census Bureau quinquennial Census of ($98.5 billion) Governments and from annual surveys, adjusted to a calendar year basis from a fiscal year basis and net insurance settlements, as described above. Same as the annual estimates. To the rest of the world Estimated as part of the international transactions accounts. (net) (-$0.6 billion) Proprietors’ income with inventory valuation adjustment and capital consumption adjustment ($1,011.9 billion) Farm proprietors’ income USDA data on net income, obtained by deriving gross income (cash For crops, BEA quarterly with inventory valuation receipts from marketing, inventory change, government payments, allocation of USDA annual other cash income, and nonmoney income) and subtracting adjustment projections of crop output. For livestock, USDA quarterly ($36.8 billion) production expenses, adjusted to exclude corporate income based on USDA quinquennial census and annual survey data. projections of cash receipts and inventories. For both crops and livestock, quarterly allocation of USDA annual projections of government subsidy payments and production expenses. Farmcapital consumption See the entry “Less: capital consumption adjustment” under See the entry under adjustment “Consumption of fixed capital.” “Consumption of fixed capital.” (-$6.3 billion) See the footnotes at the end of the table. November 2010 23 S u r v e y o f C u r r e n t B u s in e s s Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Continues Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Nonfarm proprietors’ All years except the most recent year. Income from IRS tabulations of income ($837.2 billion) business tax returns, adjusted for understatement of income on tax returns and for conceptual differences. Most recent year. For construction, trade, and services, indicators of activity such as construction spending (value put in place). For others, judgmental trend. Inventory valuation See the entry “Inventory valuation adjustment” under “Corporate profits.” adjustment ($0.2 billion) Capital consumption See the entry “Less: capital consumption adjustment” under adjustment “Consumption of fixed capital.” ($144.0 billion) Rental income of persons with capital consumption adjustment ($274.0 billion) Owner-occupied Benchmark years. Derived as imputed rental of nonfarm housing (see nonfarm housing the entry “Housing and utilities” under “Personal consumption ($165.9 billion) expenditures”) less related expenses, including property insurance from a trade source and mortgage interest and property taxes from Census Bureau decennial survey of residential finance. Other years. Same as benchmark years, except for mortgage interest, mortgage debt from FRB times a BEA interest rate, and property taxes from Census Bureau annual surveys of state and local tax collections. Component Tenant-occupied nonfarm housing ($69.7 billion) Benchmark years. Derived as actual value of housing less related expenses (see preceding entry). Other years. Same as benchmark years except for mortgage interest, mortgage debt from FRB times a BEA interest rate, and property taxes from Census Bureau annual surveys of state and local tax collections. Owner-occupied farm Benchmark years. Derived as imputed rental of farm housing (see the housing ($4.0 billion) entry “Housing and utilities” under “Personal consumption expenditures”) less related expenses, such as mortgage interest and property taxes, from USDA data. For farms owned by nonoperator iandlords, derived from USDA data. Other years. Imputed rental of farm housing (see the entry “Housing and utilities” under “Personal consumption expenditures”); expenses from USDA data. Tenant-occupied farm Benchmark years. For farm housing owned by farm operator landlords, housing ($6.5 billion) imputed rental of farm housing (see the entry “Housing and utilities” under “Personal consumption expenditures”) less related expenses, such as mortgage interest and property taxes, from USDA data. For farms owned by nonoperator landlords, from USDA data. Other years. For farm housing owned by farm operator landlords, derived as imputed rental of farm housing; expenses from USDA data. For farms owned by nonoperator landlords, from USDA data. Nonfarm nonresidential Benchmark years. Nonfarm nonresidential fixed assets from BEA capital properties ($0.0 billion) stock series times a rate of return on capital based on IRS tabulations of business tax returns. Other years. BEA capital stock series and judgmental trend. Royalties ($27.9 billion) All years except the most recent year. IRS tabulations of royalties reported on individual income tax returns. Most recent year. Judgmental trend. Corporate profits with inventory valuation adjustment and capital consumption Domestic profits before All years except the most recent year. Receipts less deductions from tax ($964.4 billion) IRS tabulations of business tax returns, adjusted for understatement of income on tax returns and for conceptual differences. Most recent year. Profits from Census Bureau Quarterly Financial Report, regulatory agency reports, and compilations of publicly available corporate financial statements. See the footnotes at the end of the table. Current quarterly estimates: Source data and methods used to prepare an extrapolator1 Same as the annual estimates for the most recent year. See the entry under “Corporate profits.” See the entry under “Consumption of fixed capital.” For imputed rental of owneroccupied housing, same as the annual estimates. For depreciation, interest, closing costs, real estate dealers’ commissions, and taxes, NIPA estimates of those components. For other expenses, judgmental trend. Same as owner-occupied nonfarm housing. Judgmental trend. Judgmental trend. Same as the annual estimates for the most recent year. adjustment ($905.7 billion) For some industries in transportation and in finance, judgmental trend. For others, same as the annual estimates for the most recent year. (Preliminary profits estimate is released with the second estimate of GDP for the first, second, and third quarters and with the third estimate of GDP for the fourth quarter.) Summary of NIPA Methodologies 24 November 2010 Table 1. Source Data and Methods for Current-Dollar GDP and Current-Dollar GDI—Table Ends Component Inventory valuation adjustment (IVA) ($11.9 billion) Current quarterly estimates: Annual estimates: Source data and methods used to determine level for benchmark Source data and methods used and other years or used to prepare an extrapolator or interpolator to prepare an extrapolator1 The IVA on the income side (for corporations and for nonfarm sole Same as the annual estimates. proprietorships and partnerships) and the IVA on the product side (see the entry “Change in private inventories”) differ because the source data reflect different proportions of inventories reported using different accounting methods (such as last-in-first out (LIFO)). The income-side IVA is based on the product-side IVA, adjusted by the relationship between non-LlFO inventories from IRS tabulations of business tax returns and non-LlFO inventories from the Census Bureau. See the entry “Less: Capital consumption adjustment” under See the entry under consump consumption of fixed capital. tion of fixed capital. Capital consumption adjustment (-$70.6 billion) Current surplus of government enterprises (-$13.2 billion) Federal government Mainly reports of various agencies, such as the Postal Service, and (-$4.2 billion) consumption of fixed capital (CFC) estimates derived with perpetual inventory calculations at current cost, based on gross investment estimates and on investment prices. State and local government For current operating receipts, mainly revenue data from Census (-$9.0 billion) Bureau annual surveys of state and local governments, adjusted to a calendar year basis from a fiscal year basis. For current operating expenditures, see the entries “Consumption expenditures and gross investment” and “Consumption of general government fixed capital” under state and local government. Consumption of fixed capital ($1,861.1 billion) Government ($325.3 billion) Perpetual-inventory method, based on gross investment estimates and General government on investment prices. ($272.3 billion) Government enterprises Perpetual-inventory method, based on gross investment estimates and on investment prices. ($53.0 billion) Private ($1,535.8 billion) Perpetual-inventory method, based on gross investment estimates and Domestic business on investment prices. ($1,245.2 billion) All years except the most recent year. For depreciation of corporations Capital consumption and of nonfarm sole proprietorships and partnerships, IRS allowances tabulations of business tax returns, adjusted for conceptual ($1,297.2 billion) differences. For other depreciation (including farm proprietorships and partnerships and other private business), perpetual inventory calculations based on investment at acquisition cost. Most recent year. For depreciation of corporations and of nonfarm sole proprietorships and partnerships, BEA estimates of tax-return-based depreciation. For other depreciation, same as above. Less: Capital consump The difference between capital consumption allowances and tion adjustment consumption of fixed capital. ($52.0 billion) Perpetual-inventory method, based on gross investment estimates and Households and on investment prices. institutions ($290.6 billion) For CFC estimates, same as the annual estimates. For all others, judgmental trend. Judgmental trend. Same as the annual estimates. Same as the annual estimates. Same as the annual estimates. Perpetual inventory calculations based on investment at acquisition cost. Same as the annual estimates. Same as the annual estimates. BEA Bureau of Economic Analysis 0M B Office of M anagem ent and Budget BLS Bureau of Labor Statistics USDA U.S. Departm ent of Agriculture CMS Centers for M edicare and Medicaid Services 1. For m ost com ponents, inform ation about the advance quarterly estim ates is provided. In addition, CPI C onsum er price index major source data that becom e available during the second or third quarterly estim ates for particular EIA Energy Inform ation A dm inistration NIPA com ponents are also noted. FRB Federal Reserve Board IRS Internal Revenue Service GDP G ross dom estic product NIPA National incom e and product account NOAA National O ceanic and A tm ospheric A dm inistration 2. Residential investm ent includes - $ 1 .7 billion for dorm itories and net purchases of used structures. 3. Employer contributions for em ployee pension and insurance funds includes $1.7 billion for supple mental unemployment. 4. Net interest and m iscellaneous paym ents in cludes $19.3 billion for governm ent rents and royalties. November 2010 25 S u r v e y o f C u r r e n t B u s in e s s Table 2. Methodology Used in Preparing Estimates of Real GDP—Continues Deflation, using price based on CPI or PPI Other index Component Personal consumption expenditures Goods Durable goods Motor vehicles and parts CPI Furnishings and durable household equipment Recreational goods and vehicles Other durable goods Nondurable goods Food and beverages purchased for off-premises consumption Clothing and footwear Gasoline and other energy goods CPI CPI CPI CPI PPI, for standard clothing issued to military personnel. CPI Other nondurable goods Health care Transportation services Recreation services Food services and accommodations Financial services and insurance See the footnotes at the end of the table. Direct valuation. Unit sales from trade sources with dealers’ margins from Census Bureau and trade sources, for used auto and used light truck dealers’ margins. CPI CPI Services Household consumption expenditures (for services) Housing and utilities Using quantity for extrapolation or direct valuation CPI CPI PPI, for physicians offices, hospitals, proprietary and government nursing homes, home health care services, medical care laboratories, and diagnostic imaging centers. CPI PPI, for domestic scheduled air passenger revenue. CPI CPI CPI PPI, for brokerage services, dealer transactions, and workers’ compensation. BEA installation support services price index, for expenditures abroad by U.S. residents. Quantity extrapolation. Chaineddollar net stock of farm housing from BEA capital stock estimates. BEA composite index of prices, for Quantity extrapolation. BLS index of total output (less BEA estimates financial services furnished without payment by other financial of real bank service charges) institutions,1health insurance, life times consumer share based on insurance, and portfolio deposits and loans, for banks. management services. BEA transactions derived from volume data from a trade source, for investment companies’ charges. BLS banking output index, for trust, fiduciary, and custody activities. Summary of NIPA Methodologies 26 November 2010 Table 2. Methodology Used in Preparing Estimates of Real GDP—Continues Deflation, using price based on Other index CPI or PPI BEA composite index of prices, for CPI Other services PPI, for employment social assistance services, labor agency services and organization dues, and for net foreign travel. international scheduled passenger BLS import price index for revenue. passenger fares for foreign travel. BEA composite index of input prices Final consumption expenditures for gross output of nonprofit of nonprofit institutions serving categories. households Component Fixed investment Nonresidential structures Commercial and health care Manufacturing Power and communication PPI, for office buildings, warehouses, and mobile structures. PPI, for industrial buildings. PPI, for steel pipes and tubes. Mining exploration, shafts, and wells PPI, for oil and gas well drilling, and oil and gas field services. Other structures PPI, for brokers’ commissions and new school construction. BEA index based on cost index from trade source and on Census Bureau price index for single family houses under construction, for health care and certain commercial structures. Cost indexes from trade sources and government agencies, for power; cost index from trade source, for communication. BEA index based on cost index Quantity extrapolation. Footage by from trade source and on Census geographic area from trade source, for drilling. Bureau price index for single family houses under construction, for mines. BEA index, for railroads; BEA index based on cost index from trade source and on Census Bureau price index for single-family houses under construction, for other components. Nonresidential equipment and software PPI, for most domestic BLS import price indexes, for Equipment except those listed below components and for imported components except transportation equipment. imported transportation equipment. New autos, new light trucks, and CPI, for new autos net purchases of used autos and new light trucks, and used light trucks Telephone and telegraph installation Telephone switching equipment BEA cost index. FRB price index for telephone switching equipment. FRB price index for data networking Data communications equipment equipment. FRB price index for wireless Wireless communications networking equipment. equipment FRB price index for carrier line Carrier line equipment equipment. BEA price index. Photocopying equipment PPI, for prepackaged BEA cost index, BLS employment Software cost index, and PPI, for ownsoftware. account and custom software. See the footnotes at the end of the table. Using quantity for extrapolation or direct valuation Direct valuation. For used autos and used light trucks, see the entry “Motor vehicles and parts” under “Personal consumption expenditures.” November 2010 27 S u r v e y o f C u r r e n t B u s in e s s Table 2. Methodology Used in Preparing Estimates of Real GDP--Continues Deflation, using price based on CPI or PPI Other index Component Residential investment Permanent-site new single-family structures Census Bureau price index for single-family houses under construction. BEA price index. Permanent-site new multifamily structures Manufactured homes Improvements PPI Brokers’ commissions Equipment PPI CPI Change in private inventories Farm Nonfarm Purchased goods of all industries PPI Work-in-process and finished goods, manufacturing PPI Net exports of goods and services Exports and imports of goods PPI for gold, semi conductor exports, selected transportation equipment, and selected imports of refined petroleum. Exports and imports of services See the footnotes at the end of the table. Using quantity for extrapolation or direct valuation BEA composite index of input prices, for major replacements; BEA index based on Census Bureau price index for single family houses under construction and BEA index for major replacements, for additions and alterations. USDA average market prices. Composite price from the Energy Direct valuation. Quantities and Information Administration (EIA), prices of stocks of coal, for crude petroleum; BLS import petroleum, and natural gas from price indexes, for imported goods EIA, for utilities. purchased by trade industries. BEA indexes of unit labor costs. BLS export and import price indexes; FRB price index, for various communications equipment; unit-value indexes based on Census Bureau values and quantities, for electric energy exports and imports and for petroleum imports. CPI, for travel receipts, Selected deflators, for military Quantity extrapolation. BLS index of medical receipts, and transfers and defense total bank output (less BEA nonresident expenditures: see “National estimates of real bank service students’ defense except consumption of charges), for exports of financial expenditures. general government fixed capital” services furnished without PPI, for selected other below. BLS export and import payment;1premiums deflated by transportation. price indexes, for passenger fares; PPI, for exports and imports of BEA composite index of foreign insurance. CPIs,2for travel payments, for miscellaneous services, and for U.S. students’ expenditures abroad; BLS export and import price indexes, for selected other transportation; BEA price indexes, CPI, PPI, and implicit price deflator for final sales to domestic purchasers, for royalties and fees, and for other private services. Summary of NIPA Methodologies 28 November 2010 Table 2. Methodology Used in Preparing Estimates of Real GDP—Continues Deflation, using price based on Other index CPI or PPI Using quantity for extrapolation or direct valuation Government consumption expenditures and gross investment Federal government BEA indexes based on DOD prices Quantity extrapolation. Full-time PPI, for selected National defense except goods and services. paid, for some goods and services equivalent employment by rank consumption of general and length of service, for military and for most military structures; government fixed capital CPI and PPI, for BLS employment cost indexes, for compensation; full-time equivalent utilities and some services; cost indexes from employment by grade, adjusted communications. for change from base year in trade sources and government agencies, for nonmilitary hours worked, for civilian structures; BEA index derived compensation. from nondefense compensation, Direct valuation. Quantities and prices from DOD reports, for for own-account software; BEA index derived from nondefense some goods and services and a compensation price index and few military structures; quantities PPI, for custom software. from DOE, for electricity and natural gas. Direct valuation. Perpetual National defense consumption of inventory calculations based on general government fixed capital gross investment. Quantity extrapolation. Full-time Nondefense except consumption PPI, for most goods Cost indexes from trade sources and government agencies, for equivalent employment by grade, and selected of general government fixed structures; BLS employment cost adjusted for change from base services. capital indexes, for some services; BEA year in hours worked, for CPI, for rent, utilities, compensation; BLS index of total and communications. index derived from nondefense compensation, for own-account bank output (less BEA estimates software; BEA index derived from of real bank service charges), for financial services furnished nondefense compensation price without payment.1 index and PPI, for custom Direct valuation. Quantities by crop software. from agency reports and USDA prices, for net purchases of agricultural commodities by the Commodity Credit Corporation; DOE quantities and prices, for selected petroleum transactions. Direct valuation. Perpetual Nondefense consumption of inventory calculations based on general government fixed capital gross investment. State and local government BEA indexes based on federal Consumption expenditures and CPI, for services. nondefense prices paid, for gross investment except those PPI, for electricity, transportation, books, and postal hospitals, most listed below services; BEA composite indexes professional services, and goods. of input prices, for elementary and secondary education, welfare, and libraries; BEA composite price index for state and local construction, for maintenance and repair services. Quantity extrapolation. Full-time Compensation of general equivalent employment by government employees education and experience, adjusted for change from base year in hours worked, for employees in education; full-time equivalent employment, adjusted for change from base year in hours worked, for other employees. See the footnotes at the end of the table. November 2010 29 S u r v e y o f C u r r e n t B u s in e s s Table 2. Methodology Used in Preparing Estimates of Real GDP—Table Ends Component Deflation, using price based on CPI or PPI Other index Consumption of general government fixed capital Structures Software Brokerage charges and financial services furnished without payment BEA BLS CPI DOD DOE DOT FRB Bureau of Economic Analysis Bureau of Labor Statistics Consumer price index Department of Defense Department of Energy Department of Transportation Federal Reserve Board Using quantity for extrapolation or direct valuation Direct valuation. Perpetual inventory calculations based on gross investment. Cost indexes from trade sources and government agencies. See the entry “Software” under “Nonresidential equipment and software.” Quantity extrapolation. See the entry “Financial services and insurance” under “Personal consumption expenditures.” GDP Gross domestic product PPI Producer price index USDA U.S. Department of Agriculture 1. Also referred to as “services furnished without payment by financial intermediaries, except life insurance carriers.” 2. The foreign CPIs are adjusted for differences in exchange rates. Available online! SURVEYOFCURRENTBUSINESS BEA’s MONTHLYJOURNAL In This Issue . . . NIPA Translation o f the Fiscal Year 2011 Federal Budget Preview of the 2010 Comprehensive Revision of the Annual Industry Accounts The online Surveydf Current Business feature. ■ The mast recent articles • Linksto interactive tables and charts ■Search by date forpast issues ■Keyword search www.bea.gov November 2010 31 U .S . T r a v e l a n d T o u r i s m S a te llite A c c o u n ts fo r 2 0 0 4 -2 0 0 9 By Steven L Zemanek and Stanislaw J. Rzeznik T H E T b y t o r e a l 3 .1 o f s h o w e llit e n o a c c o u n t s le a s e d o n i n c o r p o r a t e d c h a n g e s t h is o s o u r c e d a t a o r e f o r a ll o w t h e s a t e llit e o f ( B E A ) . b y i n • a n d o f 2 0 1 0 i n c o m a c i n g t h e c la s s if ic a t io n s u m p t i o n i m ( 1 ) ly , a n d t h e s e i c s i m • A b e y o n d d e t a ile d i n t r o d u c e d m w a n n u a l t h i s o c c u r r e v i s i o n s e t h o d o lo g i c a l i t h h i c h la t e s t b y c h a n g e s . r e v i s i o n a j o r in c l u d e t h e f o ll o w • ( I - O r e s u lt s ) s h i p m o f E c o n o m S e r v ic e p r o v e d p t i o n s a t e llit e 2 0 0 2 i c a n d c o m m a c c o u n t s , o f a r k C e n s u s b u s i n e s s C e n s u s , A n n u a l b r e a k o u t o f b e n c h m i n c l u d i n g r e c e ip t s , 2 0 0 2 s u m t h e a c c o u n t s , e n t s , a n d u p d a t e s i n t h e t h e d a t a f r o m E x p e n s e s T h i s b u s i n e s s o d i t i e s B u r e a u t r a v e l f lo w o f c o m • p l o y m o n a M • i n r a t e b o t h In d u s tr y c o n t h e B u r e a u g r o s s m o f a r g i n t o p r e p a r e t h e t i m b e t w e e n 2 0 0 2 e s e r ie s t h e b e n c h m 1 9 9 7 a r k 1 - 0 “ r e c o n c ile ” 1 - 0 u l t i p li e r s m s a t e llit e e w f r o m S y s t e m t o v a lu e f r a m B E A I I ( R e a s u r e a d d e d b y o r k . ’s I M R e g i o n a l S I I ) t o t a l p r o t o u r i s m a c c o u n t s . e x p e n d it u r e s t h e b y B L S b r e a k o u t g o v e r n m c o n s u m o f e r s p e n d i n g e n t a n d e x p e n d i s p e c if ic a lly t h e t r a v e l f o ll o w s lo w e d , i n 1 0 o f t u r n e d 2 4 e s t ic a n d c o m a n d g a m t o u r i s m s a t e llit e a c i n g : d o w m n , o r d e c lin e d i n 2 0 0 9 , o d i t i e s i n t e r n a t io n a l b l i n g , a n d a t p a s s e n g e r f o o d a n d a i n c l u d a ir b e v e r a g e t o u r i s m t r a v e l f r o m P r ic e s f o r i n t h e d e c lin e d t o u r i s m a n d t o u r i s m $ 2 8 . 0 a c c o m o v e r a ll g o o d s a f t e r m i n p e r c e n t 7 .2 s u r p lu s b i l l i o n t o u r i s m 2 0 0 9 1 3 .9 d e c lin e d f e ll t o d e c lin e i n 2 0 0 9 , A s $ 1 6 . 6 a a n d r e s u lt , b i l l i o n i n 2 0 0 8 . a n d s e r v ic e s in c r e a s i n g o d a t i o n s i n p e r c e n t . 5 .6 c o n t r i b u t e d p r ic e s d e c lin e d p e r c e n t i n i n 4 .3 2 0 0 8 . s i g n i f i c a n t ly 2 0 0 9 a s h o t e ls a c t i v i t y n o t i d e n t i f i e d as b e in g in s o u g h t A c c o u n ts : 1 9 9 8 - 2 0 0 8 a n d C o m p r e h e n s iv e R e v is io n , ” S u r v e y (J u n e 2 0 1 0 ): 1 4 -2 9 . t o f r o m t h e t h e d o m T r a v e le r o d i t i e s R e v is e d of S ta t is t ic s t o r e p la c e l o s t b u s i n e s s t r a v e le r s w i t h le is u r e t r a v e le r s . 2 . S ee M a t t h e w M . D o n a h o e , E d w a r d T . M o r g a n , K e v i n J. M u c k , a n d “A n n u a l p e r s o n a l d e f la t e a c c o u n t s a n d u s e d t h e f r o m o u t p u t p e r c e n t “ r e a l” t e r m s a re c u r r e n t - d o l l a r e s tim a te s . S te w a r t , m t r a v e l o n i n c l u d e I n b o u n d t o L. f o r o f i n c l u d s e c t o r . e t h o d o d e l i n g b u s i n e s s s u r v e y 2 0 0 9 t o u r i s m m r e v i s i o n t r a v e l. R e a l t h e a n c o n a ir lin e s . a c c o u n t s , f r o m t o b a l a n c e d a r e e n t d a t a o u t b o u n d S u r v e y , le is u r e a n d s y s t e m r e la s e r v ic e s . t h e p r o v i d e s v e r s u s o n m e t h o d e n t h i c h i g h l i g h t s i n g i n p u t - o u t p u t e x p e n s e s B u s i n e s s S u r v e y . 1. A l l m e a s u r e s o f t r a v e l a n d t o u r i s m R ic k y w f a s t e r m t r a n s p o r t a t i o n , T h e i m , c o u n t s in g : • t r a d e t a b le s i t h i n p l o y m f o r c h a n g e s w u t p u t t u r e t o i n c o r p o r a t i n g M p r o v e d p r iv a t e a n d 5 p r o d u c t u s e d i n d u s t r y 1 - 0 e m • N e w p r o v e e v e r y a r k I n p u t - O H w i m N e w e m a n d t r a v e l n g r a m a t i o n a c c o u n t s o f t h e t h e t a b le s . • r e v is e d a n d p r e h e n s i v e in d e x e s ( B L S ) r e t a il a n n u a l i n d u s t r y u p d a t e d a v a ila b le s a t e llit e d y n a m r e o f t h e t h e c o m a n d i n t e r p o la t i o n b e n c h m e p r ic e S t a t is t ic s n e w o f p r e c o m e s t i m n e w • A s t a t is t ic a l p r o v e d i t h s a t 2 0 0 9 u p d a t e s e x p e n d it u r e s . p r o d u c e r L a b o r r e v i s i o n ( 2 ) n e w w t o u r i s m r e v is io n s , n e w t h e a n d a g e n t s n a t io n a l • N e w o f t r a v e l t h e I n a c c o u n t s b e t w e e n e r s , r e r e a l t h e c o n s u m r e s u lt s s t a t is t ic s p r e h e n s iv e t o u r i s m t h e t h e a n d a n d a n d r e p la c e r e v is e d t o T h e 2 0 0 9 t o u r i s m r e v is io n s : b i n e d c a p t u r e a n d i n d u s t r y c o m t y p e s C o m p r e h e n s i v e g o o r e o s t p r o d u c e r t i o n s h i p d i a ft e r . C o m y e a r s , m e a s u r e d a r t ic le i n c o r p o r a t e d t r a v e l t h e f r o m o u t p u t a n n u a l n e w t r a v e l a c c u r a t e ly t o u r i s m m a n d d a t a . s o ld 2 0 0 9 p e r c e n t t r a v e l c la s s if ic a t io n s i n c l u d e d s o u r c e e n t s a j o r t o m T h e s e 2 0 1 0 .2 T h i s m a s 2 .6 i n c o r p o r a t i o n o f t h e 2 5 , e t h o d o lo g i e s m s t a t is t ic s . t h e i n A n a ly s i s y e a s u r e d 2 0 0 8 . 1 i n t w r e v is e d m i n p r e s e n t e d a n d t h a t e c o n o m m s e r v ic e s t o u r i s m i c d e c lin e d t h e a y d e f i n i t i o n s a n d E c o n o m i n r e v i s i o n M t h a s p e r c e n t a c c o r d i n g s t a t is t ic s r e f le c t p r e h e n s iv e t r a v e l b r o a d e r p u b l i s h e d a r i l y t h e g r o w a n d 4 .7 2 0 0 8 , o f i n d u s t r y — g o o d s i n p r o d u c t u p d a t e d v i o u s l y p r i m t h e o f d e c lin e d B u r e a u e s t ic e d t o u r i s m o u t p u t f r o m t h e d o m T h e a n d p e r c e n t p a r i s o n , g r o s s m E L s t a t is t ic s c o u n t s a n d V v i s it o r s — d e c l i n i n g c o m A t h e r e c t ly c e n t R fo r T h e r e m a in d e r o f t h is a r t ic le c o n s i s t s o f a d i s c u s s i o n C u r r e n t B u sin es s 9 0 o f t r e n d s i n t r a v e l a n d t o u r i s m o u t p u t a n d p r ic e s , t h e U.S. Travel and Tourism Satellite Accounts 32 c o m p o s i t i o n a d d e d t r a v e l a n d a n d t h e ( S e e m t h e t o u r i s m p l o y m t o u r i s m 1 9 9 8 - 2 0 0 9 o n o f e m h a v e o r e b e e n “ D a t a a n d , a n d is a c c o u n t r e c e n t b o x d e m e n t a n d f o ll o w t a b le s . r e v is e d , p e r i o d t o u r i s m e d T h e b u t v a lu e t h e c o r e a c c o u n t s t h is f r o m b y a r t ic le 2 0 0 4 f o r f o c u s e s t h o u g h 2 0 0 9 . A v a i l a b i l i t y ” ) T h e t i o n T h e 4 .7 p e r c e n t i n d e c lin e i s m o u t p u t 2 0 0 9 e s t c o n t r i b u t o r s w a s i n w r e a l d ir e c t i d e s p r e a d t r a v e l ( t a b le a n d A ) . t o u r T h e l a r g i n f o o d a ir p ic t u r e s s e r v ic e s d e c lin e s a n d 6 .1 w e r e b e v e r a g e t r a n s p o r t a t i o n , a n d p e r f o r m d e c r e a s e d p e r c e n t . c r e a s e d Real output id e s p r e a d p a s s e n g e r 6 .1 Trends in Output and Prices w d e c lin e s November 2010 D o m 3 .4 e s t i c p e r c e n t t i o n p ic t u r e s a n d a ft e r d e c r e a s in g 6 .4 p a r t l y a n d i n g i n F o o d a ir i n g p e r c e n t 9 .2 a r t s ( t a b le a n d a f t e r s lo w e r d o m e s t ic i n m d e c r e a s in g C a n d d e p e r c e n t . g r e w o b e v e r a g e t r a n s p o r t a t i o n d e c r e a s in g p e r f o r m b y a n d t u r n a r o u n d 2 0 0 9 p a s s e n g e r a f t e r a a r t s . p e r c e n t o f f s e t s e r v ic e s , 5 .4 M o p e r c e n t c h a r t 1 ). Table B. Contributions to Growth in Real Tourism Output by Tourism Commodity in 2004-2009 [Percentage points] a c c o m m o d a t i o n s , p o r t a t i o n , T r a v e le r g r o w a ir t o a n d 2 .2 m 3 .4 p e r c e n t p e r c e n t . a f t e r d e c lin e a r r a n g e m o d a t i o n s t r a n s p o r t a t i o n c e n t f a s t e r in t e r n a t io n a l t r a v e l a c c o m i n g t h e i n f e ll T r a v e l a r r a n g e m d e c r e a s in g 1 .0 p a s s e n g e r e n t 8 .8 2 0 0 8 . c o n t r a c t e d w e r e a ir s e r v ic e s p e r c e n t i n p e r c e n t e n t s e r v ic e s t r a n s A ll tou rism g oods and s e rvice s ............................................ a f t e r Food and beverage services................................................ p a s s e n g e r Passenger air transportation............................................ Domestic passenger air transportation services....... International passenger air transportation services All other transportation-related commodities................ Passenger rail transportation services....................... Passenger water transportation services................... Intercity bus services.................................................... Intercity charter bus services...................................... Local bus and other transportation services............. Taxicab services............................................................ Scenic and sightseeing transportation services........ Automotive rental and leasing..................................... Other vehicle rental and leasing.................................. Automotive repair services........................................... Parking............................................................................ Highway to lls.................................................................. Travel arrangement and reservation services........... Gasoline.......................................................................... Recreation, entertainment, and shopping.......................... Recreation and entertainment.......................................... Motion pictures and performing a rts .......................... Spectator sports............................................................ Participant s ports.......................................................... Gambling........................................................................ All other recreation and entertainment....................... Nondurable PCE commodities other than gasoline 2 0 0 9 a f t e r f e ll g r o w 1 3 .3 i n g p e r p e r c e n t . Data Availability T h e d e t a ile d a c t iv it y e n d f o r o f t h is s t a t is t ic s e m p u t a n d W 2 0 0 8 e n t e m e b “ S a t e llit e s t a t is t ic s a re a r t ic le . f o r p lo y m B E A s a n n u a l T h e c o m p le t e 1 9 9 8 -2 0 0 8 , f o r 2 0 0 9 , p lo y m s it e a t e n t o n p r e s e n t e d a n d f o r t r a v e l in e ig h t se t t o u r is m t a b le s o f d e t a ile d s t a t is t ic s q u a r t e r ly 1 9 9 8 -2 0 0 9 w w w .b e a .g o v a n d u n d e r o f a re a t th e a n n u a l o u t p u t s t a t is t ic s Commodity B ) . ( t a b le In t e r n a t i o n a l 8 .8 t r a v e le r a n d o f o u t a v a ila b le “ In d u s t r y ” o n a n d 2004 2005 2006 2007 2008 2009 6.08 1.33 0.91 1.75 0.65 -0.16 0.81 1.09 0.01 0.43 0.00 -0.02 -0.01 -0.03 0.02 0.20 0.00 -0.08 0.02 0.00 0.37 0.18 2.09 0.66 0.07 0.12 0.03 0.44 0.00 1.43 2.90 0.78 0.90 0.48 -0.07 -0.67 0.59 0.56 -0.01 0.00 0.00 -0.02 0.06 0.05 0.01 0.17 0.01 -0.10 0.00 -0.01 0.22 0.19 0.74 0.26 -0.05 0.02 0.10 0.12 0.07 0.49 2.90 0.63 0.48 0.59 0.28 -0.17 0.45 0.31 0.00 0.12 -0.01 0.02 0.02 0.06 0.00 -0.06 0.00 -0.02 -0.02 -0.01 -0.03 0.24 1.20 0.42 0.02 0.05 0.07 0.31 -0.03 0.79 1.20 0.50 -0.06 0.68 0.44 0.09 0.35 0.24 0.02 0.09 0.00 -0.06 0.00 0.03 0.01 0.00 0.00 0.03 -0.01 0.00 0.14 0.01 0.08 0.18 0.01 -0.02 0.01 0.17 0.01 -0.09 -3.06 0.39 -0.95 -1.11 -0.69 -0.90 0.21 -0.42 0.01 0.06 -0.01 0.01 -0.03 0.01 -0.01 -0.21 -0.01 -0.14 -0.03 -0.01 -0.04 -0.04 -1.38 -0.48 -0.11 -0.17 -0.03 -0.03 -0.14 -0.90 -4.65 -1.61 -0.57 -1.87 -1.13 -0.55 -0.58 -0.73 -0.02 0.02 -0.05 0.00 -0.02 0.01 -0.04 -0.15 0.01 -0.02 -0.01 0.01 -0.59 0.12 -0.61 -0.27 0.10 -0.04 -0.08 -0.21 -0.04 -0.34 A c c o u n t s .” PCE Personal consumption expenditures Table C. Real Output by Tourism Commodity in 2004-2009 [M illions of chained (2005) dollars] Table A. Annual Growth in Real Output by Tourism Commodity in 2004-2009 [Percentage change from preceding period] Commodity A ll to u rism g oods and s e rv ic e s ............................................ Traveler accommodations...................................................... Food and beverage services................................................ Transportation.......................................................................... Passenger air transportation............................................ Domestic passenger air transportation services...... International passenger air transportation services All other transportation-related commodities.................. Passenger rail transportation services....................... Passenger water transportation services................... Intercity bus services..................................................... Intercity charter bus services...................................... Local bus and other transportation services............. Taxicab services............................................................ Scenic and sightseeing transportation services........ Automotive rental and leasing..................................... Other vehicle rental and leasing.................................. Automotive repair services........................................... Parking............................................................................ Highway to lls .................................................................. Travel arrangement and reservation services............ Gasoline.......................................................................... Recreation, entertainment, and shopping.......................... Recreation and entertainment.......................................... Motion pictures and performing a rts .......................... Spectator sports............................................................ Participant sports.......................................................... Gambling........................................................................ All other recreation and entertainment....................... Nondurable PCE commodities other than gasoline...... PCE Personal consumption expenditures 2004 6.1 7.6 5.6 4.6 3.9 -1 .4 17.5 5.0 7.5 32.9 -1.1 -5 .5 -1.4 -4.9 4.7 4.9 2.3 -4.1 6.8 1.6 8.0 2.5 7.4 5.2 3.3 12.6 1.7 8.6 -0.1 9.1 2005 2.9 4.4 5.6 1.3 -0.4 -6.1 11.4 2.5 -7 .7 -0.1 1.4 -6 .3 12.0 9.0 2.4 4.3 6.4 -5.7 0.0 -7.4 4.9 2.4 2.6 2.0 -2.6 1.9 6.3 2.3 2.5 3.1 2006 2007 2008 2009 2.9 3.5 3.0 1.5 1.7 -1 .7 7.9 1.4 0.4 8.2 -2.1 8.9 4.4 11.4 -0.9 -1.6 1.4 -1 .4 -7.8 -11.2 -0.8 2.8 4.4 3.4 1.2 4.7 4.4 6.0 -1.3 5.2 1.2 2.7 -0.4 1.8 2.8 1.0 5.7 1.1 9.0 5.7 1.9 -21.4 -0 .6 5.2 3.6 0.0 -4.9 1.8 -4.2 -3.9 3.2 0.1 0.3 1.4 0.3 -1.5 0.5 3.2 0.3 -0.6 -3.1 2.2 -6.1 -2.8 -4.3 -9.2 3.4 -1.8 6.5 4.4 -3 .3 5.1 -5 .9 1.5 -2 .3 -5 .7 -8.2 -8.9 -10.3 -8.9 -1.0 -0.4 -5.2 -4.0 -6 .4 -16.7 -2.0 -0.5 -6.0 -6.1 -4.7 -8.8 -3.4 -4.8 -7 .3 -6.1 -8.8 -3 .0 -8 .7 1.4 -19.1 1.5 -4 .0 1.6 -10.3 -3 .5 11.3 -1.4 -4.7 12.3 -13.3 1.5 -2.2 -2.2 5.4 -4.4 -4.9 -3.6 -1.8 -2.2 Commodity 2004 2005 2006 2007 2008 2009 A ll tou rism goods and s e rv ic e s ............................... Traveler accommodations......................................... Food and beverage services................................... Transportation............................................................ Passenger air transportation............................... Domestic passenger air transportation services......................................................... International passenger air transportation services......................................................... All other transportation-related commodities.... Passenger rail transportation services.......... Passenger water transportation services..... Intercity bus services....................................... Intercity charter bus services......................... Local bus and other transportation services Taxicab services............................................... Scenic and sightseeing transportation services......................................................... Automotive rental and leasing........................ Other vehicle rental and leasing..................... Automotive repair services.............................. Parking.............................................................. Highway to lls ..................................................... Travel arrangement and reservation services Gasoline............................................................ Recreation, entertainment, and shopping............. Recreation and entertainment............................ Motion pictures and performing a rts ............. Spectator sports............................................... Participant sports............................................. Gambling........................................................... All other recreation and entertainment.......... Nondurable PCE commodities other than gasoline............................................................. 673,068 118,616 107,019 260,595 108,436 692,605 123,831 112,962 263,933 107,976 712,684 128,211 116,309 267,970 109,834 721,264 131,726 115,877 272,756 112,914 699,184 134,571 108,864 265,108 108,103 666,640 122,727 105,179 252,348 100,223 73,404 68,916 67,740 68,390 62,071 58,292 PCE Personal consumption expenditures 35,065 39,059 42,150 44,546 46,057 41,995 152,172 155,957 158,082 159,795 156,922 152,279 1,277 1,178 1,254 1,183 1,289 1,373 11,912 12,442 12,615 10,429 10,420 11,272 1,715 1,738 1,702 1,735 1,678 1,358 1,901 1,781 1,940 1,524 1,603 1,626 3,242 3,631 3,791 3,767 3,544 3,400 3,604 3,929 4,749 4,376 4,605 4,673 2,806 2,873 2,848 2,950 2,883 2,585 25,525 26,632 26,193 26,181 24,695 23,836 596 634 643 611 561 625 12,254 10,567 10,421 11,561 11,396 11,598 2,099 2,099 1,935 1,854 1,663 1,584 740 685 608 584 532 598 29,540 30,987 30,747 31,738 31,427 27,254 56,465 57,808 59,420 59,454 59,217 60,128 186,994 191,880 200,318 200,905 190,510 186,354 82,728 84,417 87,316 88,561 84,998 83,139 13,141 12,992 12,798 12,950 12,161 12,816 6,995 7,128 7,466 7,356 6,128 5,856 11,004 11,489 11,542 10,353 11,308 10,751 35,092 35,904 38,048 39,266 39,067 37,651 17,152 17,583 17,361 17,406 16,367 16,078 104,273 107,463 113,008 112,323 105,466 103,167 N o vem b er 2 0 1 0 S urvey of 33 C u r r e n t B u s in e s s 1.9 percent. Together, international and domestic pas senger air transportation services decreased 9.3 per cent after growingl0.3 percent (chart 2). The overall decline in price growth for the travel and tourism sector prices was partly offset by an accel eration in the prices for automotive rental and leasing, which increased 12.7 percent in 2009 after increasing 8.4 percent in 2008. By reducing their stock of autom o biles, rental establishments have increased their ability to raise prices. Chart 1. Contributions to Annual Growth in Real Tourism Output in 2006-2009 P e rc e n t TableE. ContributionstoAnnual Growth intheChain-Type PriceIndexesfor TourismCommodities in2004-2009 [Percentage points] Commodity U.S. Bureau of Economic Analysis Prices Travel and tourism prices declined 4.3 percent in 2009, the first annual decline since 2002 (tables D, E, and F). The largest contributors to the decline in prices were gasoline, traveler accommodations, and domestic and international passenger air transportation services. Gasoline prices decreased 27.8 percent in 2009 after in creasing 16.1 percent in 2008. Prices for traveler ac commodations decreased 7.0 percent after increasing 2004 A ll tourism goods and s e rv ic e s ........................................... Traveler accommodations..................................................... Food and beverage services................................................. Transportation......................................................................... Passenger air transportation........................................... Domestic passenger air transportation services...... International passenger air transportation services All other transportation-related commodities................. Passenger rail transportation services....................... Passenger water transportation services................... Intercity bus services.................................................... Intercity charter bus services....................................... Local bus and other transportation services.............. Taxicab services............................................................ Scenic and sightseeing transportation services........ Automotive rental and leasing..................................... Other vehicle rental and leasing.................................. Automotive repair services........................................... P arking........................................................................... Highway tolls................................................................... Travel arrangement and reservation services............ G asoline......................................................................... Recreation, entertainment, and shopping.......................... Recreation and entertainment......................................... Motion pictures and performing arts........................... Spectator sports............................................................ Participant sports........................................................... Gam bling........................................................................ All other recreation and entertainment....................... Nondurable PCE commodities other than gasoline 2.93 0.46 0.51 1.36 0.10 -0.01 0.11 1.26 -0.01 -0.02 0.01 0.01 0.03 0.03 0.01 0.06 0.00 0.05 0.01 0.01 -0.08 1.14 0.61 0.32 0.06 0.04 0.01 0.14 0.07 0.28 2005 4.93 0.90 0.52 2.89 1.06 0.70 0.36 1.82 0.01 0.02 0.01 0.01 0.02 0.03 0.01 0.04 0.00 0.06 0.02 0.01 0.01 1.58 0.63 0.39 0.06 0.06 0.01 0.18 0.08 0.24 2006 2007 2008 2009 4.49 0.65 0.52 2.67 1.03 0.71 0.32 1.64 0.01 -0.01 0.02 0.01 0.02 0.02 0.01 0.25 0.00 0.07 0.01 0.01 0.15 1.06 0.66 0.39 0.06 0.04 0.03 0.17 0.09 0.27 3.48 0.78 0.59 1.43 0.38 0.11 0.27 1.05 0.01 -0.01 0.00 0.01 0.01 0.01 0.01 0.08 0.01 0.05 0.01 0.01 0.10 0.75 0.69 0.38 0.06 0.05 0.03 0.15 0.09 0.31 5.64 0.35 0.71 3.62 1.62 0.93 0.69 2.00 0.01 -0.03 0.02 0.01 0.02 0.03 0.01 0.30 0.01 0.08 0.02 0.01 0.01 1.52 0.96 0.40 0.05 0.05 0.02 0.20 0.08 0.56 -4.29 -1.35 0.17 -3.16 -1.35 -0.67 -0.67 -1.82 0.00 -0.08 -0.01 0.01 0.01 0.02 -0.01 0.25 0.00 0.03 0.01 0.00 -0.18 -1.86 0.05 -0.03 0.05 0.00 -0.02 -0.08 0.01 0.09 PCE Personal consumption expenditures Table D. Annual Growth in Prices for TourismCommodities in 2004-2009 TableF. Chain-Type Price Indexesfor TourismCommodities in2004-2009 [Percentage change form preceding period] [Index numbers, 2005=100] Commodity A ll to u rism g oods and s e rv ic e s ............................................ Traveler accommodations..................................................... Food and beverage services................................................ Transportation......................................................................... Passenger air transportation............................................ Domestic passenger air transportation services....... International passenger air transportation services All other transportation-related commodities................. Passenger rail transportation services....................... Passenger water transportation services................... Intercity bus services.................................................... Intercity charter bus services...................................... Local bus and other transportation services............. Taxicab services............................................................ Scenic and sightseeing transportation services........ Automotive rental and leasing..................................... Other vehicle rental and leasing.................................. Automotive repair services........................................... Parking........................................................................... Highway to lls .................................................................. Travel arrangement and reservation services............ G asoline......................................................................... Recreation, entertainment, and shopping.......................... Recreation and entertainment.......................................... Motion pictures and performing a rts........................... Spectator sports............................................................ Participant s p o rts .......................................................... G am btng........................................................................ All other recreation and entertainment....................... Nondurable PCE commodities other than gasoline...... PCE Personal consumption expenditures 2004 2.9 2.6 3.1 3.6 0.7 -0.1 2.2 5.9 -3.5 -1.3 3.8 2.5 5.2 6.0 2.5 1.6 3.3 2.3 4.9 8.4 -1.7 17.9 2.1 2.6 3.0 4.6 0.5 2.7 2.7 1.8 2005 4.9 5.1 3.2 7.7 6.8 6.9 6.9 8.4 3.6 1.1 3.6 2.3 4.6 4.6 2.3 1.0 0.1 3.4 7.1 12.6 0.2 22.1 2.2 3.2 3.1 6.1 0.6 3.4 3.3 1.5 2006 4.5 3.6 3.2 7.0 6.7 7.3 5.5 7.3 7.2 -0.4 7.2 3.5 3.9 3.4 3.5 6.6 0.8 4.2 2.9 10.8 3.5 12.7 2.4 3.2 3.5 3.7 2.1 3.2 3.5 1.7 2007 3.5 4.4 3.7 3.7 2.4 1.1 4.5 4.6 4.7 -0.5 0.8 3.2 2.7 2.1 3.1 2.1 6.6 3.4 3.3 5.8 2.3 8.5 2.5 3.1 3.5 4.9 1.8 2.9 3.6 2.0 2008 5.6 1.9 4.6 9.3 10.3 10.1 10.6 8.6 3.8 -1.7 6.4 2.6 4.2 4.0 2.5 8.4 6.6 4.8 6.6 13.6 0.1 16.1 3.6 3.4 2.7 5.4 1.1 3.8 3.6 3.8 2009 -4.3 -7.0 3.5 -9.9 -9.3 -8.3 -10.8 -10.4 1.4 -9.1 4.0 2.9 4.8 4.7 1.2 12.7 -3.1 4.1 7.8 -7 .3 0.2 -27.8 1.5 0.7 1.6 2.5 1.0 -0.3 1.6 2.1 Commodity All tourism goods and se rvice s........................................... Food and beverage services................................................ Passenger air transportation............................................ Domestic passenger air transportation services...... International passenger air transportation services All other transportation-related commodities................ Passenger rail transportation services....................... Passenger water transportation services................... Intercity bus services................................................... Intercity charter bus services...................................... Local bus and other transportation services............. Taxicab services............................................................ Scenic and sightseeing transportation services........ Automotive rental and leasing..................................... Other vehicle rental and le asing................................. Automotive repair services........................................... Parking........................................................................... Highway tolls.................................................................. Travel arrangement and reservation services........... Gasoline......................................................................... Recreation, entertainment, and shopping.......................... Recreation and entertainm ent........................................ Motion pictures and performing a rts .......................... Spectator sports............................................................ Participant sports.......................................................... Gambling........................................................................ All other recreation and entertainment....................... Nondurable PCE commodities other than gasoline...... PCE Personal consumption expenditures 2004 95.3 95.1 96.9 92.8 93.6 93.6 93.6 92.3 96.5 98.9 96.5 97.7 95.6 95.6 97.7 99.0 99.9 96.7 93.4 88.8 99.8 81.9 97.8 96.9 97.0 94.3 99.4 96.7 96.8 98.5 2005 2006 2007 2008 2009 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 104.5 103.6 103.2 107.0 106.7 107.3 105.5 107.3 107.2 99.6 107.2 103.5 103.9 103.4 103.5 106.6 100.8 104.2 102.9 110.8 103.5 112.7 102.4 103.2 103.5 103.7 102.1 103.2 103.5 101.7 108.1 108.1 107.0 111.0 109.2 108.5 110.2 112.3 112.3 99.1 108.1 106.8 106.7 105.5 106.8 108.8 107.5 107.7 106.3 117.1 105.9 122.2 104.9 106.4 107.1 108.8 103.9 106.2 107.2 103.8 114.2 110.2 111.9 121.3 120.5 119.5 121.9 121.9 116.5 97.5 115.0 109.5 111.2 109.7 109.4 117.9 114.5 113.0 113.3 133.1 106.1 142.0 108.7 110.0 109.9 114.6 105.1 110.2 111.0 107.7 109.3 102.4 115.8 109.3 109.3 109.6 108.8 109.2 118.2 88.6 119.5 112.7 116.6 114.9 110.8 133.0 111.0 117.5 122.1 123.4 106.3 102.5 110.3 110.8 111.7 117.5 106.1 109.8 112.8 110.0 34 N o vem b er 2 0 1 0 U.S. Travel and Tourism Satellite Accounts Chart 2. Contributions to Annual Growth in the Chain-Type Price Index for Tourism Goods and Services in 2006-2009 P e rc e n t Direct tourism output includes goods and services sold directly to visitors, such as passenger air travel. In direct tourism output includes sales of all goods and services used to produce that direct output, such as jet fuel to fly the plane and catering services for interna tional flights. The Com position of Tourism Demand The travel and tourism accounts include estimates of the composition of tourism demand by type of visitor. They distinguish expenditures of U.S. residents travel ing abroad from those of U.S. residents and nonresi dents traveling within the United States for leisure, business, or government purposes. The balance of tourism trade is derived by subtracting expenditures on foreign travel by U.S. residents (an im port of goods and services to outbound travelers) from expenditures on U.S. travel by nonresidents (an export of goods and services to inbound travelers). International travel and tourism U.S. Bureau of Economic Analysis Total output Total tourism-related output decreased to $1.24 tril lion in 2009, or 8.5 percent, from $1.35 trillion in 2008. Total output consisted of $728.8 billion in direct tour ism output and $508.5 billion in indirect tourism out put in 2009. The 1.70 ratio of total output to direct output in 2009 means that every dollar of direct tour ism output required an additional 70 cents of indirect tourism output (chart 3). Current-dollar international travel (the sum of in bound and outbound travel) declined 10.9 percent in 2009 after growing 11.6 percent in 2008. Inbound travel and tourism. This consists of travel-related expenditures and international transpor tation purchases from U.S. providers by nonresidents traveling in the United States. This activity declined 13.9 percent to $121.3 billion (chart 4). In recent years, inbound activity had been increasing steadily as rela tively strong currencies in Europe and Canada made the U.S. a more attractive destination.3 However, in 3. Chart 3. Total Tourism-Related Output in 2006-2009 S ee D o u g la s B . W e in b e r g a n d E r i n M . W h it a k e r , “ U .S . I n t e r n a t i o n a l T r a n s a c t io n s , ” S u r v e y 9 0 ( A p r i l 2 0 1 0 ) : 2 6 - 6 1 . B illio n s o f c u r r e n t d o lla r s 1 ,4 0 0 Acknowledgments 1 ,2 0 0 P a t r ic ia t r y A . S e c t o r W a s h in g t o n D iv is io n a n d P a u l s u p e r v is e d V . t h e K e r n o f th e In d u s p r e p a r a t io n o f th e 1 ,0 0 0 e s tim a te s . p r e p a r e d S t e v e n th e L . Z e m e s tim a te s . a n e k P e te r a n d S t a n is la w K u h b a c h J. R z e z n i k p r o v id e d v a lu 800 a b le g u id a n c e t h r o u g h o u t S t a f f m e m b e r s o f t h e th e p r o c e s s . In d u s t r y S e c t o r D iv is io n , th e 600 In d u s t r y A p p lic a t io n s a n d W e a lt h D iv is io n , th e R e g io n a l D iv is io n , th e th e N a t io n a l G o v e r n m e n t In c o m D iv is io n , e a n d 400 d e v e lo p m e n t In c o m o f th e e D iv is io n c o n t r ib u t e d t o th e e s tim a te s . 200 T h e O f fic e In t e r n a t io n a l o f T r a v e l T r a d e a n d A d m T o u r is m in is t r a t io n In d u s t r ie s o f th e p r o v id e d f u n d in g t o u r is m s a t e llit e 0 2006 U.S. Bureau of Economic Analysis 2007 2008 2009 f o r th e p r e p a r a t io n a c c o u n t s . o f t h e t r a v e l a n d N o vem b er 2 0 1 0 S urvey of Chart 4. U.S. Trade in Tourism in 2004-2009 2 0 0 9 , t iv e Billions of dollars 35 C u r r e n t B u s in e s s t h e g l o b a l e f fe c t a s e c o n o m n e t i c e x p o r t s d e c lin e h a d d e c lin e d a 4 0 .6 s t r o n g n e g a p e r c e n t f r o m Billions of dollars $ 2 8 . 0 b il l io n in 2 0 0 8 t o $ 1 6 .6 b i l l i o n i n O utbound travel and tourism . t r a v e l- r e la t e d e x p e n d it u r e s t a t io n p u r c h a s e s d e n t s t r a v e lin g d e c lin e d 7 .2 e x p o r t s o f f r o m f o r e ig n a b r o a d . p e r c e n t t r a v e l I n t o a n d a n d $ 1 0 4 . 7 T h i s c o n s is t s o f i n t e r n a t io n a l t r a n s p o r p r o v i d e r s U . S . 2 0 0 9 , t o u r i s m 2 0 0 9 . b y o u t b o u n d b il l io n . A s d e c r e a s e d a r e s i a c t iv it y r e s u lt , ( t a b le n e t G ) . Table G. U.S. International Travel and Tourism in 2004-2009 [Billions of dollars] 2004 2005 2007 2006 2008 2009 Total international travel and to u ris m ................................ 182.9 197.3 207.0 227.2 253.6 225.9 92.5 102.0 107.0 121.9 140.8 121.3 Inbound travel and tourism ..................................................... Outbound travel and tourism .................................................. 90.4 95.3 100.0 105.3 112.8 104.7 Net exports of travel and tourism............................................ U.S. Bureau of Economic Analysis 2.1 6.7 7.0 16.7 28.0 16.6 t o u r is m - r e la t e d e m p lo y Key Terms T h e a n d f o llo w in g t o u r is m k e y t e r m s s a t e llit e t r a v e lin g t r a v e l r e s id e n t b y b y g o v e r n m e n t t u r e s b y e x c lu d e S ta te s a n d b u s in e s s th e f o r a n d tr a v e l in b o u n d T h e o u t b o u n d r e s id e n t s r e s id e n t s f o r e ig n o n U .S . S ta te s a n d d u c t io n a n d tra v e l b y n o n e x p e n d i t r a n s p o r t a t io n T h e s e to s t u d y e x p e n d it u r e s in th e s u m o f t o u r is m d o m e s t ic e x p e n d it u r e s (n e t o f e x p e n d it u r e s ). s u m o f d e m a n d t o u r is m ( in c lu d in g a ll e x p e n d it u r e s ). T r a v e l-r e la t e d a b r o a d a n d e x p e n d it u r e s b y p u r c h a s e d b y U .S . f r o m p r o v id e r s . t y p ic a lly p u r c h a s e d t r a n s p o r t a t io n , b y G o o d s v is it o r s , a n d s u c h a s h o te l a c c o m m o d a t io n s , s e r v ic e s a ir lin e a n d th a t d ir e c t t o u r is m D ir e c t t o u r is m d u c e d g o o d s h o te l w o r k e r s a re a n d c o m th e a ll a n d h o te l e n g a g e d ( f o r s t a ff in th e e x a m p le , d e liv e r in g a n d T o t a l t o u r is m - r e la t e d r e q u ir e d fu e l fu e l f o r to to p a s s e n g e r n ig h t s u r e A 5 0 - 1 0 0 p e r s o n e n v ir o n m e n t in o r a h o te l o r b u s in e s s v i s i t o r s a re n o t d if f e r e n t i a t e d b y t y p e o f v i s i t o r , b e c a u s e t h e d a ta t o p r e t r a v e lin g p a r e th e s e e s tim a te s a re n o t a v a ila b le . t a r y o f to t h e ir n e w p e r s o n n e l T h e b y p r o t r a v e le r s a n d ( f o r p a s s e n g e r o u t p u t f o r a ir c o m p r is e s p r o d u c t io n t o ile t r ie s w h o f o r o f d ir e c t h o te l g u e s t s w h o t h a n T h e e x p e c t y e a r v is it o r o r t o a s a s s ig n m e n t s , to n o r m a l, o u t s id e a s e c t o r ( s u c h t r a v e lin g o f e v e r y d a y o f h o m e . 3 t r a v e ls le s s m o t e l. v is it a re a m ile s (p r iv a t e t r a v e le r s lo c a t io n th e o u tp u t . d o m e s t ic a lly t o u r is m s u p p o r t c o n s is t s a ir p la n e s ) . w it h in Visitor. m o d a t io n s e x a m p le , Usual environment. a c tiv it ie s a ll o u t p u t t o u r is m p u r c h a s e d in d ir e c t (f o r in d ir e c t c o m p r is e s a c c o m a n d o u t p u t a n d s e r v ic e s t r a v e le r o u t p u t e x c lu d e a n d m o r m a y h is b e o r s ta y s tr a v e l f o r g o v e r n m e n t ). w o r k e r s , d ip lo m f r o m t h e ir a t ic p le a a t th e p e r s o n s a n d d u t y h e r o v e r V is it o r s c o m p e n s a t e d ig r a n t a n d o f w h o m ili s t a t io n s 2 . T h e c la s s if ic a t i o n o f t o u r i s m c o m m o d i t i e s i n t h e t r a v e l a n d t o u r i s m a n d t h e ir h o m e c o u n t r ie s ). s a te llite a c c o u n t s is b a s e d o n a l i s t o f p r i m a r y a c t i v it ie s o f v is i t o r s t h a t w a s d e v e lo p e d f r o m r e c o m m e n d a t i o n s b y t h e W o r l d T o u r is m O r g a n i z a t i o n , b y t h e O r g a n is a t io n f o r E c o n o m ic C o - o p e r a t i o n a n d D e v e l o p m e n t , a n d f r o m v a r io u s s u r v e y s o f U .S . v is it o r s . p r o e m p lo y m e n t o u t p u t t o ile t r ie s o u t p u t o u t p u t t r a n s p o r t a t io n ) , u s u a l 1. I n t h e t r a v e l a n d t o u r i s m s a te llite a c c o u n t s , i n b o u n d a n d o u t b o u n d th e in e x a m p le , t o u r is m t o u r is m in d ir e c t e m p lo y m e n t e n g a g e d ( f o r in d ir e c t w h e r e Tourism output. a re m e a ls .2 a re o u t p u t a n d in d ir e c t p r o d u c in g t o u r is m p lu s a ir lin e s ). t o u r is m e x p e n d it u r e s in t e r n a t io n a l t r a n s p o r t a t io n Tourism commodities. w o r k e r s e m p lo y m e n t w o r k e r s t o u r is m j o b s o f D ir e c t th e p ilo t s ), a ll e x a m p le , d o m e s t ic w h e r e o f d ir e c t c o m p r is e s U n it e d t o u r is m e m p lo y m e n t . a ir lin e T o t a l o f d ir e c t t o u r is m a ll j o b s p r o d u c t io n o f t o u r is m t r a n s p o r t a t io n t r a v e lin g t o u r is m p r is e s t r a v e l, in t e r n a t io n a l T h e Outbound tourism. U .S . b y c o n s is t s c o m p r is e s r e a s o n s .1 National tourism. a n d It e x p e n d it u r e s U n it e d a ll in t e r n a t io n a l t r a n s p o r t a t io n in t e r n a t io n a l S ta te s. p r o v id e r s . m e d ic a l Tourism employment. tr a v e l a n d o n U .S . Internal tourism. d e m e x p e n d it u r e s U n it e d T r a v e l-r e la t e d e x p e n d it u r e s e x p e n d it u r e s th e w it h in f r o m f o r th e m e n t h o u s e h o ld s , n o n r e s id e n t s a n d d e s c r ib e e m p lo y e e s . t r a v e lin g p u r c h a s e d to T r a v e l-r e la t e d w it h in Inbound tourism. r e s id e n t s u s e d a c c o u n t s . Domestic tourism. r e s id e n t s a re 3. The usual environment depends on the availability of source data. U.S. Travel and Tourism Satellite Accounts 36 November 2010 Internal travel and tourism. This consists of travel and tourism within the borders of the United States— the sum of domestic activity and inbound ac tivity.4 Inbound travel and tourism’s share of internal tourism in 2008 (the most recent year for which data are available) accounted for 14.7 percent of the total. After declining to 11.4 percent in 2003, inbound tour ism’s share rebounded, accounting for 12.4 percent of internal tourism in 2005 and 12.9 percent in 2007 (ta ble H and chart 5). bound tourism. The calculation of outbound tourism includes all expenditures on international transporta tion, whether purchased from foreign or U.S. provid ers in order to create consistency between expenditures by U.S. residents traveling within the United States (domestic tourism) and expenditures by U.S. residents traveling abroad (outbound tourism). Outbound tour ism’s share of national tourism peaked at 18.8 percent in 2008 (the most recent year for which data are avail able) (table I and chart 6). Table H. Internal Travel and Tourism in the United States by Residents and Nonresidents in 2002-2008 Table I. National Travel and Tourism in the United States and Abroad in 2002-2008 Millions of dollars Year Millions of dollars Share In the Abroad United States (outbound) Percent In the Abroad United States (outbound) Residents Nonresidents (inbound) 2 0 0 2 ................................................ 461,147 66,647 527,793 87.4 12.6 2002 ................................................ 461,147 95,742 556,889 82.8 17.2 2 0 0 3 ................................................ 502,293 64,391 566,683 88.6 11.4 2 0 0 3 ................................................ 502,293 97,371 599,663 83.8 16.2 2 0 0 4 ................................................ 539,519 74,621 614,140 87.8 12.2 2 0 0 4 ................................................ 539,519 114,681 654,201 82.5 17.5 2 0 0 5 ................................................ 579,495 81,867 661,361 87.6 12.4 2 0 0 5 ................................................ 579,495 123,650 703,145 82.4 17.6 2 0 0 6 ................................................ 623,009 85,846 708,855 87.9 12.1 2 0 0 6 ................................................ 623,009 133,410 756,419 82.4 17.6 2 0 0 7 ................................................ 655,458 97,143 752,601 87.1 12.9 2 0 0 7 ................................................ 655,458 140,852 796,310 82.3 17.7 2 0 0 8 ................................................ 638,401 110,167 748,568 85.3 14.7 2 0 0 8 ................................................ 638,401 147,389 785,790 81.2 18.8 Total Residents Nonresidents (inbound) Year Chart 5. Inbound Tourism’s Share of Internal Travel and Tourism in 2004-2008__________ Total Chart 6. Outbound Tourism’s Share of National Travel and Tourism in 2004-2008 Percent U.S. Bureau of Economic Analysis National tourism. This consists of travel and tour Domestic travel and tourism ism by U.S. residents, both within the United States Domestic tourism includes travel and tourism under and abroad— the sum of domestic tourism and out- taken by U.S. residents within the borders of the United States. Puerto Rico, the U.S. Virgin Islands, and other U.S. territories are outside of this defined bound ary and are classified in “international travel.” The travel and tourism accounts break out all expenditures on domestic travel and tourism by type of visitor: 4. A s a c o m p o n e n t o f i n t e r n a l t o u r i s m , t h e c a lc u l a t io n o f i n b o u n d t o u r i s m is m o d i f i e d t o e x c lu d e a l l e x p e n d it u r e s o n in t e r n a t i o n a l t r a n s p o r t a t i o n , w h e t h e r p u r c h a s e d f r o m f o r e i g n o r U .S . p r o v id e r s . T h is m a k e s p o s s ib le a n e q u a l ly d e f in e d c o m p a r i s o n b e t w e e n e x p e n d it u r e s b y U .S . r e s id e n t s t r a v e l i n g w i t h i n t h e U .S . ( d o m e s t ic t o u r i s m ) a n d e x p e n d it u r e s b y n o n r e s id e n t s t r a v e l in g w i t h i n t h e U .S . ( i n b o u n d t o u r i s m ) . November 2010 37 S u r v e y o f C u r r e n t B u s in e s s resident households, business, and government (table utilities, computer and electronic products manufac 3). Business’s share of domestic travel and tourism de turing, or broadcasting and telecommunications. creased slightly to 33.2 percent in 2008, the most re cent year for which data are available. Government Table K. Travel and Tourism as a Share of Gross Domestic Product in 2002-2008 expenditures made up 3.7 percent of domestic travel and tourism in 2008, declining steadily from its peak of 5.8 percent in 2003. In general, government travel is more stable than business or leisure travel, and as a re sult, its share tends to increase during downturns in overall travel and tourism (table J and chart 7). Percent Billions of dollars Year Table J. Domestic Travel and Tourism by Type of Visitor in 2002-2008 Millions of dollars Year Resident Business Government households Gross domestic product (GDP) Tourism value added Tourism value added as a share of GDP 2002.................................................. 10,642 312 2.93 2003.................................................. 11,142 326 2.93 2004.................................................. 11,868 352 2.97 2005.................................................. 12,638 371 2.94 2006.................................................. 13,399 396 2.96 2007.................................................. 14,062 414 2.94 2008.................................................. 14,369 402 2.80 Percent Total Resident Business Government households 2 002.................. 299,588 143,440 24,348 467,376 64.1 307 5.2 2 003.................. 325,240 154,396 29,608 509,245 63.9 30.3 5.8 2 004.................. 350,045 168,219 30,592 548,856 63.8 30.6 5.6 2 005.................. 371,445 187,775 30,131 589,352 63.0 31.9 5.1 2 006.................. 397,486 204,677 31,339 633,502 62.7 32.3 4.9 2 007................. 410,896 219,449 25,702 656,047 62.6 33.5 3.9 2 008................. 413,236 217,957 24,531 655,724 63.0 33.2 3.7 Chart 7. Business Travel’s Share of Domestic Travel and Tourism in 2004-2008 Direct employment Direct tourism employment includes jobs that involve producing goods and services that are sold directly to visitors. Airline pilots, hotel clerks, and travel agents are examples of such employees. Overall, direct em ployment decreased 5.1 percent in 2009. The largest contributor to the decline was traveler accommoda tions, contributing 26.7 percent to the decline. Air transportation also contributed a large portion of the total decline in employment, 10.0 percent (table L and Percent 34.0 r Table L. Contributions to Growth in Employment by Tourism in 2004-2009 [Percentage points] 2004 2005 2006 2007 2008 U.S. Bureau of Economic Analysis Tourism Value Added and Employment Value added A sector’s value added measures its contribution to gross domestic product (GDP). In 2008 (the most re cent year for which data are available), the travel and tourism industry’s share of GDP was 2.8 percent (table K). Travel and tourism’s share of GDP continues to ac count for a larger share of GDP than industries such as Industry 2004 2005 2006 2007 2008 2009 A ll tou rism in d u s trie s ............................................................. Traveler accommodations.................................................... Nonfarm Residential Tenant Occupied Permanent Site.... Food services and drinking places...................................... Transportation........................................................................ Air transportation services............................................... All other transportation-related industries...................... Rail transportation services........................................ Water transportation services..................................... Interurban bus transportation...................................... Interurban charter bus transportation........................ Urban transit systems and other transportation........ Taxi service.................................................................... Scenic and sightseeing transportation services....... Automotive equipment rental and leasing................. Automotive repair services........................................... Parking lots and garages........ Toll highways............................ Travel arrangement and reservation services........... Petroleum refineries................ Gasoline service stations....... Recreation, entertainment, and shopping.......................... Recreation and entertainment........................................ Motion pictures and performing a rts .......................... Spectator sports............................................................ Participant sports.......................................................... Gambling........................................................................ All other recreation and entertainment....................... Shopping............................................................................ Industries producing nondurable PCE commodities, excluding petroleum refineries................................ Retail trade services, excluding gasoline service stations...................................................................... All other industries................................................................. All other industries, excluding Wholesale trade and transportation services................................................ Wholesale trade and transportation services................ 2.45 0.38 0.00 1.60 -0.28 -0.10 -0.18 0.00 0.11 -0.01 0.01 0.02 -0 .03 0.00 -0.07 -0.05 0.01 0.00 -0.14 -0.01 -0.02 0.64 0.40 0.02 0.11 0.17 0.13 -0.02 0.23 2.05 0.36 0.00 1.71 -0.11 -0.16 0.04 -0.01 0.04 -0.01 -0.01 0.11 0.06 0.01 0.01 -0.08 0.01 0.00 -0.06 0.00 -0.01 0.11 0.33 -0 .03 0.08 0.15 0.08 0.05 -0.21 1.49 0.15 0.00 0.99 0.02 -0.10 0.12 0.00 0.06 -0.01 -0.01 0.05 0.06 0.00 -0.06 -0.01 0.00 -0.01 -0.01 0.01 0.05 0.16 -0.02 -0.02 0.00 0.11 -0.07 -0.05 0.18 0.92 0.33 0.01 0.42 0.16 0.08 0.08 0.01 0.04 -0.01 0.00 0.02 0.05 0.01 -0.05 0.03 0.00 0.00 0.00 0.00 -0.01 -0.03 0.08 -0.01 0.00 0.02 0.07 -0.01 -0.11 -3.01 -0.10 0.01 -1.34 -0.32 -0.09 -0.22 -0.01 -0.04 0.00 0.01 -0.04 0.00 0.00 0.01 -0.04 0.00 0.00 -0.05 0.00 -0.07 -0.99 -0.41 -0 .04 -0.15 -0.16 0.04 -0.11 -0.58 -5.09 -1.36 0.00 -0.99 -1.39 -0.50 -0.88 -0.02 -0.06 0.00 -0.02 -0.02 -0.02 -0.02 -0.21 -0 .05 -0.01 0.00 -0 .43 0.00 -0.04 -0.95 -0.36 -0.02 -0.02 -0.10 -0.15 -0.06 -0.59 -0.02 -0.19 -0.03 -0.11 -0.23 -0.18 0.25 0.11 -0.03 -0.02 0.21 0.18 -0.01 0.03 -0.34 -0.27 -0.41 -0.40 0.03 0.08 -0.02 0.00 0.03 0.15 -0.03 0.06 -0.01 -0.26 -0.14 -0.26 PCE Personal consumption expenditures 38 U.S. Travel and Tourism Satellite Accounts chart 8). No travel and tourism industries added em ployees in 2009, while most reduced employment (ta ble M). Chart 8. Contributions to Annual Growth in Direct Tourism Employment in 2006-2009 P e rc e n t 1 .5 Overall annual growth 1.5% in 2006 0.9% in 2007 1 .0 -3.0% in 2008 -5.1% in 2009 0 .5 -0 .5 (Traveler accommodations Food and beverage services i Transportation -1 .0 Recreation, entertainment, and shopping November 2010 Table M. Direct Employment by Tourism Industry in 2004-2009 [Thousands] Industry 2004 A ll tou rism in d u s trie s .............................................................. Traveler accommodations...................................................... Nonfarm Residential Food services and drinking places...................................... Transportation......................................................................... Air transportation services................................................ All other transportation-related industries....................... Rail transportation services.......................................... Water transportation services...................................... Interurban bus transportation...................................... Interurban charter bus transportation......................... Urban transit systems and other transportation........ Taxi service..................................................................... Scenic and sightseeing transportation services........ Automotive equipment rental and leasing................... Automotive repair services........................................... Parking lots and garages.............................................. Toll highways.................................................................. Travel arrangement and reservation services............ Petroleum refineries...................................................... Gasoline service stations............................................. Recreation, entertainment, and shopping.......................... Recreation and entertainment......................................... Motion pictures and performing arts........................... Spectator sports............................................................ Participant s p o rts.......................................................... G ambling........................................................................ All other recreation and entertainment....................... Shopping............................................................................ Industries producing nondurable PCE commodities, excluding petroleum refineries................................ Retail trade services, excluding gasoline service stations....................................................................... Allother industries.................................................................. All other industries, excluding Wholesale trade and transportation services................................................. Wholesale trade and transportation services................ 2005 2006 2007 2008 5,758 5,876 5,963 6,018 5,837 1,347 1,304 1,324 1,333 1,353 Tenant S10 ite .... 11 10 Occupied 10 Permanent 10 1,780 1,878 1,936 1.961 1,881 1,165 1,158 1,160 1,169 1.150 487 496 481 485 480 679 684 669 672 670 9 8 9 9 8 44 42 48 50 48 21 21 20 20 20 22 22 21 21 22 47 53 56 57 55 43 46 50 53 53 16 15 15 15 16 97 103 103 100 98 47 47 49 52 46 14 14 14 14 14 4 4 4 4 5 207 204 204 203 201 7 7 7 7 8 81 81 83 83 78 1,254 1.247 1,263 1,261 1,202 649 654 632 651 629 27 27 25 30 29 71 67 75 75 76 227 244 234 236 243 174 178 174 178 181 130 133 130 129 123 614 607 616 603 573 2007 2008 180 170 168 162 148 137 434 251 446 262 446 264 425 248 401 224 74 178 73 178 75 187 73 191 72 175 64 160 2009 U.S. Bureau of Economic Analysis Total employment Total tourism-related employment (the sum of direct and indirect jobs) decreased to 7.8 million jobs in 2009, down from 8.2 million jobs in 2008. The 7.8 mil lion jobs consisted of 5.5 million direct tourism jobs and 2.3 million indirect tourism jobs (chart 9). Indi rect tourism employment consists of jobs that produce indirect tourism output, such as refinery workers pro ducing jet fuel. The most recent data indicate that for every direct tourism job generated an additional 41 percent of a job is indirectly generated. Chart 9. Total Tourism-Related Employment in 2006-2009 T h o u s a n d s o f e m p lo y e e s 1 0 ,0 0 0 I D ir e c t I n d ir e c t I T o ta l 9 .0 0 0 8 .0 0 0 7 .0 0 0 6 .0 0 0 5 .0 0 0 4 .0 0 0 3 .0 0 0 2 .0 0 0 1 ,0 0 0 0 2006 2007 5,540 1,267 11 1.823 1,069 450 619 8 44 20 21 54 52 15 85 43 14 4 176 8 76 1,146 608 23 65 228 172 119 538 435 252 -1 .5 2006 2009 2008 2009 U.S. Bureau of Economic Analysis Tables 1 through 8 follow. November 2010 39 S u r v e y o f C u r r e n t B u s in e s s Table 1. Production of Commodities by Industry, 2008—Continues [Millions of dollars] Industry Commodity Traveler accommodations................................................. Food services and drinking places.................................. Domestic passenger air transportation services........... International passenger air transportation services...... Passenger rail transportation services........................... Passenger water transportation services....................... Interurban bus transportation........................................... Interurban charter bus transportation............................. Urban transit systems and other transportation services.......................................................................... Taxi service......................................................................... Scenic and sightseeing transportation services............ Automotive rental............................................................... Other vehicle rental........................................................... Automotive repair services............................................... Parking lots and garages.................................................. Highway to lls ...................................................................... Travel arrangement and reservation services................ Motion pictures and performing arts................................ Spectator sports....................... Participant s p o rts ..................... Gambling................................... All other recreation and entertainment........................... G asoline.................................... Wholesale trade and transportation margins on gasoline.......................................................................... Retail trade margins on gasoline..................................... Nondurable PCE commodities other than gasoline...... Wholesale trade and transportation margins on nondurable PCE commodities other than gasoline... Retail trade margins on nondurable PCE commodities other than gasoline........................................................ All other commodities, except all other trade and transportation m argins................................................. All other wholesale trade and transportation margins All other retail trade m argins............................................ Travel by U.S. residents abroad....................................... Industry o utp ut................................................................... Intermediate inputs............................................................ Value added........................................................................ Compensation of employees....................................... Taxes on production and imports, less subsidies...... Gross operating surplus............................................... PCE Personal consumption expenditures Nonfarm Food residential Traveler services tenant accom and occupied modations drinking permanent places site 128,951 33,218 17,366 Air trans portation 802 526,579 Rail Water Interurban trans trans bus trans portation portation portation Urban Interurban transit charter systems bus trans and other portation trans portation Scenic and Automotive Automotive sightseeing equipment repair trans rental and services portation leasing Taxi service Parking lots and garages Toll highways 99 74,123 56,076 2 1,600 12,617 4 1 10 3 1,898 53 20 1,586 8 49 29 66 81 22,322 21 8 70 14,752 0 3,013 6 136 2 0 19 19 14 30 30,789 474 68 88,347 10,680 9,439 41,035 750 2,339 2 2 10 743 532 6,849 32,514 2,582 16,107 29,743 32,188 -372 0 25,295 7,558 65 532,681 244,342 288,339 188,158 34,574 65,607 174,061 107,256 66,805 46,344 11,408 9,052 80,807 46,970 33,836 20,559 -1,278 14,556 4,070 806 10,357 2,039 293,711 1,448 215,815 97,416 118,399 64,756 17,702 35,941 311,077 88,917 222,160 14,513 44,749 162,898 173 1 3 47,567 24,342 23,225 12,871 962 9,392 41 2,023 798 1,225 889 124 212 67 1,825 305 1,520 1,264 51 205 4,820 0 27,365 12,295 15,070 25,812 -8 9 -10,652 4 15 1 0 4 14,839 7,838 7,001 1,097 279 5,625 3,062 1,495 1,566 905 333 328 148 19,538 9,968 231 592 51,061 23,172 27,889 8,734 5,917 13,238 99,123 27,086 72,037 45,499 6,585 19,953 19 215 10,699 2,837 7,862 4,849 732 2,280 9,654 2,875 6,779 3,329 3,451 U.S. Travel and Tourism Satellite Accounts 40 November 2010 Table 1. Production of Commodities by Industry, 2008—Table Ends [Millions of dollars] Industry Commodify Traveler accommodations............................................... Food services and drinking places................................ Domestic passenger air transportation services......... International passenger air transportation services.... Passenger rail transportation services......................... Passenger water transportation services..................... Interurban bus transportation........................................ Interurban charter bus transportation........................... Urban transit systems and other transportation services........................................................................ Taxi service...................... Scenic and sightseeing transportation services.......... Automotive rental.............................................................. Other vehicle re n ta l........ Automotive repair services............................................. Parking lots and garages Highway tolls.................... Travel arrangement and reservation services.............. Motion pictures and performing a rts.............................. Spectator sp orts.......................... Participant sports........................ Gam bling..................................... All other recreation and entertainment......................... G asoline....................................... Wholesale trade and transportation margins on gasoline........................................................................ Retail trade margins on gasoline................................... Nondurable PCE commodities other than gasoline.... Wholesale trade and transportation margins on nondurable PCE commodities other than gasoline. Retail trade margins on nondurable PCE commodities other than gasoline...................................................... All other commodities, except all other trade and transportation margins................................................ All other wholesale trade and transportation margins All other retail trade margins........................................... Travel by U.S. residents abroad..................................... Industry output.................................................................. Intermediate inputs.......................................................... Value added...................................................................... Compensation of employees..................................... Taxes on production and imports, less subsidies.... Gross operating surplus............................................. PCE Personal consumption expenditures Travel Motion arrangement pictures and and performing reservation arts services Spectator sports Participant sports 28 13 244 6,029 Gambling 2,062 All other recreation and entertain ment Petroleum refineries Industries producing nondurable PCE commodities, excluding petroleum refineries Wholesale trade and trans portation services 86 5,128 Gasoline service stations Retail trade services, excluding gasoline service stations 7,448 18,903 All other industries 814 32,424 28 3 48 8 .....................9 6,509 7 4,063 728 206 82,694 206 2 17 427 145 1,027 35,001 22,404 102 371 18,965 17,073 13 4,497 37,859 54 248 40,475 91 513 2,722 2,126 47,169 49 1,494,634 54,483 8,104 20,629 271 71,391 99,904 62,858 1,882,393 23,858 592,127 26,001 648,947 4,164 30,421 1,617 435,425 18,557,253 27,280 3,886 20,212,716 824,545 443,701 1,189,814 18,730,658 391,126 8,217,016 798,688 10,513,642 483,896 6,044,148 167,320 444,442 147,472 4,025,052 26,574,365 12,132,950 14,441,415 8,044,750 993,761 5,402,904 9,614 527,624 132 223 476 896 95 2,054 33,317 15,429 2,177 24 2,307 56,074 17,172 38,902 14,831 3,974 20,097 56,466 23,929 32,538 22,082 3,110 7,346 69,523 880 111 0 35,134 14,456 20,678 13,005 140 7,532 216 47,517 17,392 30,125 22,479 3,168 4,478 42,747 9,723 33,023 23,368 3,214 6,441 62,074 25,367 36,707 18,970 5,473 12,264 692,270 564,858 127,412 13,182 2,758 111,472 848,673 27,490 326 236,780 731,965 2,373,194 1,504,304 868,890 398,319 35,801 434,770 1,611,119 631,296 979,822 530,871 181,620 267,332 22,739 14,775 3,155 32,012 687 181,910 11,707 9,439 35,001 42,253 17,073 40,631 84,453 65,749 339,823 8,874 98,618 282,044 148,261 631,930 74,153 56,076 1,600 12,620 1,930 1,755 577 1,846 339,823 11 Domestic production at producers' prices 569,570 95,639 28,365 67,273 20,019 20,690 26,564 November 2010 41 S u r v e y o f C u r r e n t B u s in e s s Table 2. Supply and Consumption of Commodities, 2008 [Millions of dollars] Consumption Supply Commodity Domestic production at producers’ prices Imports Change in private inventories Wholesale Intermediate Total supply trade Personal Gross Government Retail trade at margins consumption private fixed final and trans margins purchasers’ Private Government expenditures investment expenditures portation prices expenditures expenditures costs Traveler accommodations................................................ Food services and drinking places................................. Domestic passenger air transportation services.......... International passenger air transportation services.... Passenger rail transportation services.......................... Passenger water transportation services...................... Interurban bus transportation......................................... Interurban charter bus transportation............................ Urban transit systems and other transportation services......................................................................... Taxi service........................................................................ Scenic and sightseeing transportation services........... Automotive rental.............................................................. Other vehicle rental.... Automotive repair services.............................................. Parking lots and garages................................................. Highway to lls ..................................................................... Travel arrangement and reservation services............... Motion pictures and performing arts.............................. Spectator sports......................7....................................... Participant s p o rts ............................................................. Gambling............................................................................ All other recreation and entertainment.......................... G asoline............................................................................. Wholesale trade and transportation margins on gasoline......................................................................... Retail trade margins on gasoline.................................... Nondurable PCE commodities other than gasoline..... Wholesale trade and transportation margins on nondurable PCE commodities other than gasoline Retail trade margins on nondurable PCE commodities other than gasoline....................................................... All other commodities, except all other trade and transportation m argins................................................ All other wholesale trade and transportation margins All other retail trade m argins........................................... Travel by U.S. residents abroad...................................... 20,212,716 1,703,886 824,545 443,701 81,424 -15,172 824,545 T o ta l................................................................................... 26,574,365 2,369,056 -34,752 1,494,018 148,261 631,930 74,153 56,076 1,600 12,620 1,930 1,755 22,739 14,775 3,155 32,012 687 181,910 11,707 9,439 35,001 42,253 17,073 40,631 84,453 65,749 339,823 99,904 62,858 1,882,393 50,441 103,996 16,935 14,811 534 1,442 231 0 6,328 20,590 5,551 1,187 268 2,270 8,863 0 19,908 351 31,395 2,706 1,899 19,755 8,730 11,252 6,225 1 4,242 169,028 133 1,328 62,858 22,739 14,775 3,155 32,012 687 181,910 11,707 9,439 35,001 42,436 17,159 40,631 84,453 65,755 517,890 1,438 1 3,326 1,314 391 576 5 28 177 23 2,974 12,550 20,336 4,583 3,155 10,666 335 147,179 7,688 7,149 12,087 33,488 5,778 34,229 84,429 58,532 335,252 648,947 99,904 62,858 3,657,272 1,063,166 179,990 2,095,197 34,617 23,200,021 824,545 443,701 81,424 9,320,003 1,014,767 6,504,430 1,155,506 31,627,697 10,879,608 1,253,343 10,129,919 30,744 .......637 183 6 14,372 537,716 -934 99,904 -18,646 569,570 91,492 506,411 51,667 40,609 798 11,372 1,302 1,755 148,261 631,930 74,153 86,820 1,600 13,257 1,930 1,755 569,570 396 Exports of goods and services 933 30,213 ...... 443 Total consumption 148,261 631,930 74,153 86,820 1,600 13,257 1,930 1,755 7 1,061 22,739 14,775 3,155 32,012 687 181,910 11,707 9,439 35,001 42,436 17,159 40,631 84,453 65,755 517,890 2,354 281,948 3,657,272 2,121,553 2,880,854 1,343,779 23,185,386 2,156,170 2,883,208 1,661,291 2,583 213 100 569,570 648,947 648,947 443,701 60,000 21,424 ........81,424 28,963,538 PCE Personal consumption expenditures Table 3. Demand for Commodities by Type of Visitor, 2008 [M illions of dollars] Commodity Traveler accommodations................................................... Food services and drinking places.................................... Domestic passenger air transportation services............. International passenger air transportation services........ Total consumption Resident households Business Government Nonresidents 60,192 54,223 43,166 40,609 666 12,296 1,088 1,466 3,295 1,510 2,636 7,247 181 7,339 1,152 470 11,464 7,985 1,146 8,046 33,877 14,788 57,420 81,580 50,441 38,683 16,935 14,811 534 6,328 5,382 5,551 1,187 268 Passenger water transportation services......................... Interurban bus transportation............................................. Interurban charter bus transportation................................ Urban transit systems and other transportation services Taxi service............................................................................ Scenic and sightseeing transportation services.............. Automotive rental.................................................................. Other vehicle re n ta l............................................................. Automotive repair services................................................. Parking lots and garages........ Highway to lls ........................... Travel arrangement and reservation services................... Motion pictures and performing arts.................................. Spectator s p orts................................................................... Participant s p o rts.................... Gam bling.................................. All other recreation and entertainment.............................. G asoline................................................................................ Nondurable PCE commodities other than gasoline......... All other commodities.......................................................... 148,261 631,930 74,153 86,820 1,600 13,257 1,930 1,755 22,739 14,775 3,155 32,012 687 181,910 11,707 9,439 35,001 42,436 17,159 40,631 84,453 65,755 517,890 3,657,272 23,185,386 231 0 372 3,018 0 19,904 351 3,179 412 126 18,736 4,313 5,541 3,095 396 Total dem and less travel by U.S. residents a broa d .... Travel by U.S. residents abroad......................................... 28,882,114 81,424 453,845 60,000 Total d e m a n d ...................................................................... 28,963,538 513,845 PCE Personal consumption expenditures Total tourism demand Nontourism demand 1,569 2,150 31,300 23,480 8,501 30,213 131 443 214 289 252 148 519 538 110 1,218 120 86 2,583 1,125 372 745 9,182 1,282 2,774 25,160 148261 121,769 74,153 86,820 1,600 12,739 1 930 1,755 3,941 5,128 3,155 29,128 643 11,936 1,883 708 33,329 13,423 7 059 11,887 43,059 18,176 86,632 133,999 232,769 21,424 25,718 140,783 853,115 81,424 28,029,000 254,193 25,718 140,783 934,539 28,029,000 2,106 24,869 25,109 22 452 1,438 1 201 200 26 546 510,161 518 18,798 9,647 2,885 44 169,974 9,824 8,731 1,672 29,013 10,100 28,744 41,394 47,579 431,258 3,523,274 23,185,386 Tourism commodity ratio 1.00 0.19 1.00 1.00 1.00 0.96 1.00 1.00 0.17 0.35 1.00 0.91 0.94 0.07 0.16 0.08 0.95 0.32 0.41 0.29 0.51 0.28 0.17 0.04 1.00 U.S. Travel and Tourism Satellite Accounts 42 November 2010 Table 3a. Demand for Commodities by Type of Visitor (Unadjusted for Travel Arrangement Commissions), 2008 [M illions of dollars] Commodity Resident households Total consumption Business Government Traveler accommodations.................................................. Food services and drinking places................................... Domestic passenger air transportation services............ International passenger air transportation services....... Passenger rail transportation se rvices............................ Passenger water transportation services........................ Interurban bus transportation............................................ Interurban charter bus transportation.............................. Urban transit systems and other transportation services Taxi service.......................................................................... Scenic and sightseeing transportation services............. Automotive rental................................................................. Other vehicle re n ta l............................................................ Automotive repair services................................................ Parking lots and garages.................................................... Highway tolls........................................................................ Travel arrangement and reservation services.................. Motion pictures and performing a rts................................. Spectator sports.................................................................. Participant sports................................................................. Gambling.............................................................................. All other recreation and entertainment............................. Gasoline............................................................................... Nondurable PCE commodities other than gasoline........ All other commodities......................................................... 148,932 631,930 74,933 87,851 2,030 13,379 1,930 1,757 22,739 14,783 3,171 32,072 687 181,910 11,707 9,439 31,995 42,564 17,278 40,631 84,453 65,797 517,890 3,657,272 23,185,386 60,464 54,223 43,620 41,091 846 12,414 1,088 1,468 3,295 1,513 2,649 7,262 181 7,339 1,152 470 9,612 8,062 1,165 8,046 33,877 14,822 57,420 81,580 2,111 24,869 25,109 Total demand less travel by U.S. residents abroad Travel by U.S. residents abroad......................................... 28,882,517 81,675 453,660 60,185 Total dem and...................................................................... 28,964,192 513,845 Total tourism demand Nonresidents 50,669 38,683 17,114 14,987 678 6,357 5,382 5,609 1,201 340 231 0 372 3,023 0 19,945 351 3,179 412 126 17,760 4,354 5,634 3,095 396 Nontourism demand 1,569 2,150 31,442 23,480 8,591 30,571 167 447 214 289 252 148 522 539 110 1,218 120 86 2,583 1,136 378 745 9,182 1,285 2,774 25,160 148,932 121,769 74,933 87,851 2,030 12,861 1,930 1,757 3,941 5,136 3,171 29,188 643 11,936 1,883 708 30,323 13,552 7,178 11,887 43,059 18,218 86,632 133,999 232,703 21,490 25.718 141,437 853,518 81,675 28,029,000 254,193 25.718 141,437 935,192 28,029,000 Tourism industry ratio Tourism output 1,441 1 201 200 26 369 510,161 518 18,798 9,647 2,885 44 169,974 9,824 8,731 1,672 29,013 10,100 28,744 41,394 47,579 431,258 3,523,274 23,185,386 Tourism commodity ratio 1.00 0.19 1.00 1.00 1.00 0.96 1.00 1.00 0.17 0.35 1.00 0.91 0.94 0.07 0.16 0.08 0.95 0.32 0.42 0.29 0.51 0.28 0.17 0.04 1.00 PCE Personal consumption expenditures Table 4. Output and Value Added by Industry, 2008 [Millions of dollars] Industry Traveler accommodations...................................................................................................... Nonfarm residential tenant occupied permanent site real estate..................................... Food services and drinking places........................................................................................ Air transportation services.......... Rail transportation services....... Water transportation services.... Interurban bus transportation................................................................................................ Interurban charter bus transportation.... Urban transit systems and other transportation.................................................................. Taxi service............................................... Scenic and sightseeing transportation... Automotive equipment rental and leasing............................................................................ Automotive repair services...................... Parking....................................................... Toll highways............................................................................................................................ Travel arrangement and reservation services..................................................................... Motion pictures and performing a rts ..................................................................................... Spectator sports........................... Participant sports......................... Gambling....................................... All other recreation and entertainment................................................................................. Petroleum refineries..................... Industries producing nondurable PCE commodities, excluding petroleum refineries.... Wholesale trade and transportation services...................................................................... Gasoline service stations....................................................................................................... Retail trade services, excluding gasoline service stations................................................ All other industries.................................................................................................................. PCE Personal consumption expenditures Industry output Intermediate consumption Value added 215,815 311,077 532,681 174,061 80,807 47,567 2,023 1,825 27,365 14,839 3,062 51,061 99,123 10,699 9,654 35,134 56,074 56,466 47,517 42,747 62,074 692,270 2,373,194 1,611,119 95,639 1,189,814 18,730,658 97,416 88,917 244,342 107,256 46,970 24,342 798 305 12,295 7,838 1,495 23,172 27,086 2,837 2,875 14,456 17,172 23,929 17,392 9,723 25,367 564,858 1,504,304 631,296 28,365 391,126 8,217,016 118,399 222,160 288,339 66,805 33,836 23,225 1,225 1,520 15,070 7,001 1,566 27,889 72,037 7,862 6,779 20,678 38,902 32,538 30,125 33,023 36,707 127,412 868,890 979,822 67,273 798,688 10,513,642 26,574,365 12,132,950 14,441,415 0.72 0.06 0.19 0.75 0.04 0.26 0.97 0.93 0.14 0.35 0.99 0.56 0.06 0.16 0.07 0.95 0.13 0.25 0.27 0.49 0.26 0.10 0.02 0.02 0.12 0.03 0.00 Tourism intermediate consumption Tourism value added 156,303 17,366 103,374 130,612 2,935 12,327 1,956 1,698 3,950 5,132 3,040 28,463 5,865 1,718 708 33,329 7,129 14,293 12,610 21,063 16,186 67,179 55,281 36,615 11,696 33,890 14,001 70,553 4,964 47,418 80,483 1,706 6,308 771 284 1,775 2,711 1,485 12,917 1,603 456 211 13,714 2,183 6,057 4,616 4,791 6,614 54,815 35,041 14,347 3,469 11,141 6,142 85,750 12,402 55,956 50,129 1,229 6,019 1,184 1,415 2,175 2,421 1,555 15,546 4,262 1,263 497 19,616 4,945 8,236 7,995 16,272 9,571 12,364 20,240 22,268 8,227 22,749 7,859 798,718 396,572 402,146 November 2010 43 S u r v e y o f C u r r e n t B u s in e s s Table 5. Output by Commodity, 2008 [Millions of dollars] Domestic production at purchasers’ prices Commodity Traveler accommodations....................................................................................................... Food services and drinking places........................................................................................ Domestic passenger air transportation services................................................................. International passenger air transportation services........................................................... Passenger rail transportation services................................................................................. Passenger water transportation services............................................................................. Interurban bus transportation............ Interurban charter bus transportation Urban transit systems and other transportation services.................................................. Taxi service............................................................................................................................... Scenic and sightseeing transportation services.... ............................................................. Automotive rental................................. Other vehicle rental............................ Automotive repair services................ Parking lots and garages.................... Highway to lls ....................................... Travel arrangement and reservation services...................................................................... Motion pictures and performing arts.. Spectator sports.................................. Participant sp o rts................................ Gam bling.................................................................................................................................. All other recreation and entertainment................................................................................. G asoline.............................................. Nondurable PCE commodities other than gasoline............................................................ Tourism commodity ratio Direct tourism output Total commodity output multiplier Total tourism-related output 148,261 631,930 74,153 56,076 1,600 12,620 1,930 1,755 22,739 14,775 3,155 32,012 687 181,910 11,707 9,439 35,001 42,253 17,073 40,631 84,453 65,749 502,585 3,100,910 1.00 0.19 1.00 1.00 1.00 0.96 1.00 1.00 0.17 0.35 1.00 0.91 0.94 0.07 0.16 0.08 0.95 0.32 0.41 0.29 0.51 0.28 0.17 0.04 148,261 121,769 74,153 56,076 1,600 12,126 1,930 1,755 3,941 5,128 3,155 29,128 643 11,936 1,883 708 33,329 13,366 7,024 11,887 43,059 18,174 84,072 113,614 1.58 1.74 1.66 1.66 1.78 1.94 1.56 1.56 1.56 1.56 1.54 1.42 1.42 1.61 1.61 1.83 1.52 1.63 1.64 1.61 1.61 1.63 1.65 2.04 234,021 211,844 122,775 92,844 2,844 23,537 3,008 2,735 6,144 7,994 4,847 41,369 913 19,170 3,025 1,294 50,794 21,753 11,530 19,164 69,423 29,662 138,891 231,896 5,093,403 0.16 798,718 1.69 1,351,477 PCE Personal consumption expenditures Table 6. Employment and Compensation of Employees by Industry, 2008 Industry Total employment (thousands of employees) Compensation (millions of dollars) Tourism industry ratio Tourism employment (thousands of employees) Tourism compensation Average compensation per tourism employee (millions of dollars) Traveler accommodations.................................................................................... Nonfarm Residential Tenant Occupied Permanent S ite .................................. Food services and drinking places..................................................................... Air transportation services................................................................................... Rail transportation services Water transportation services Interurban bus transportation Interurban charter bus transportation................................................................ Urban transit systems and other transportation............................................... Taxi service............................................................................................................ Scenic and sightseeing transportation services............................................... Automotive equipment rental and leasing......................................................... Automotive repair services.................................................................................. Parking lots and garages..................................................................................... Toll highways............. Travel arrangement and reservation services................................................... Motion pictures and performing arts.................................................................. Spectator sports ........................................................................................... Participant sports G ambling............................................................................................................... All other recreation and entertainment.............................................................. Petroleum refineries............................................................................................. Industries producing nondurable PCE commodities, excluding petroleum refineries............................................................................................................ Wholesale trade and transportation services................................................... Gasoline service stations................. Retail trade services, excluding gasoline service stations............................. All other industries................................................................................................ 1,859 195 9,691 639 234 184 20 23 381 153 16 175 778 90 54 211 193 263 883 367 471 78 64,756 14,513 188,158 46,344 20,559 12,871 889 1,264 25,812 1,097 905 8,734 45,499 4,849 3,329 13,005 14,831 22,082 22,479 23,368 18,970 13,182 0.72 0.06 0.19 0.75 0.04 0.26 0.97 0.93 0.14 0.35 0.99 0.56 0.06 0.16 0.07 0.95 0.13 0.25 0.27 0.49 0.26 0.10 1,347 11 1,881 480 8 48 20 22 55 53 16 98 46 14 4 201 25 67 234 181 123 8 46,899 810 36,515 34,776 747 3,335 859 1,176 3,726 380 899 4,868 2,692 779 244 12,338 1,885 5,589 5,966 11,514 4,946 1,279 34,825 74,613 19,416 72,485 88,028 69,921 43,364 54,265 67,731 7,158 57,222 49,800 58,504 53,950 61,638 61,495 76,749 84,037 25,469 63,665 40,281 168,739 6,335 7,713 642 14,921 96,759 398,319 530,871 20,019 483,896 6,044,148 0.02 0.02 0.12 0.03 0.00 148 175 78 425 72 9,278 12,065 2,448 13,783 4,518 62,875 68,826 31,195 32,430 62,466 T o ta l....................................................................................................................... 143,330 8,044,750 5,837 224,315 PCE Personal consumption expenditures 44 U.S. Travel and Tourism Satellite Accounts November 2010 Table 7. Employment by Industry, 2008 [Thousands of employees] Industry Traveler accommodations...................................................................................................... Nonfarm Residential Tenant Occupied Permanent S ite ................................................... Food services and drinking places Air transportation services Rail transportation services................................................................................................... Water transportation services Interurban bus transportation Interurban charter bus transportation.................................................................................. Urban transit systems and other transportation................................................................. Taxi service.............................................................................................................................. Scenic and sightseeing transportation services................................................................. Automotive equipment rental and leasing............................................................................ Automotive repair services.................................................................................................... Parking lots and garages...................... Toll highways.......................................... Travel arrangement and reservation services..................................................................... Motion pictures and performing arts.... Spectator sp orts.................................... Participant sports.................................................................................................................... Gambling................................... All other recreation and entertainment................................................................................ Petroleum refineries................ Industries producing nondurable PCE commodities, excluding petroleum refineries.... Wholesale trade and transportation services..................................................................... Gasoline service stations...................................................................................................... Retail trade services, excluding gasoline service stations................................................ A llother industries.................................................................................................................. Direct tourism employment Total industry employment multiplier 1,347 11 1,881 480 8 48 20 Total tourism-related employment 1.31 2.02 1.18 1.70 2.40 3.32 1,767 22 2,222 814 20 158 29 31 83 77 27 187 68 28 8 282 48 128 280 287 174 32 422 293 96 521 138 1.45 22 55 53 16 98 46 14 4 201 25 67 234 181 123 8 148 175 78 425 72 1.45 1.51 1.45 1.75 1.92 1.47 1.96 1.92 1.41 1.94 1.93 1.19 1.59 1.41 4.20 2.86 1.67 1.23 1.23 1.91 5,837 T o ta l......................................................................................................................................... 8,244 PCE Personal consumption expenditures Table 8. Real Tourism Output, 2008 Commodity Traveler accommodations...................................................................................................... Food services and drinking places ................................................................................ Domestic passenger air transportation services................................................................ International passenger air transportation se rvices.......................................................... Passenger rail transportation services Passenger water transportation services............................................................................ Interurban bus transportation.............. Interurban charter bus transportation. Urban transit systems and other transportation services................................................. Taxi service.............................................................................................................................. Scenic and sightseeing transportation services................................................................. Automotive rental............................................... Other vehicle rental........................................... Automotive repair services............................... Parking lots and garages.................................. Highway to lls ...................................................... Travel arrangement and reservation services. Motion pictures and performing arts..................................................................................... Spectator sports.................................... Participant sports................................... Gambling................................................ All other recreation and entertainment Gasoline................................................. Nondurable PCE commodities other than gasoline........................................................... T o ta l......................................................................................................................................... PCE Personal consumption expenditures Direct output (Millions of dollars) Chain-type price index 148,261 121,769 74,153 56,076 1,600 Real output (Millions of chained (2005) dollars) 110.2 111.9 119.5 121.9 116.5 12,126 1,930 1,755 3,941 5,128 3,155 29,128 643 11,936 1,883 708 33,329 13,366 7,024 11,887 43,059 134,571 108,864 62,071 46,057 1,373 97.5 115.0 109.5 111.2 109.7 109.4 117.9 114.5 113.0 113.3 133.1 106.1 109.9 114.6 105.1 110.2 12,442 1,678 1,603 3,544 4,673 2,883 24,695 561 10,567 1,663 532 31,427 12,161 6,128 11,308 39,067 18,174 84,072 113,614 111.0 142.0 107.7 16,367 59,217 105,466 798,718 114.2 699,184 November 2010 45 U.S. Affiliates of Foreign Companies Operations in 2008 By Thomas Anderson CURRENT-DOLLAR value added of m ajor T HEity-owned U.S. affiliates of foreign companies de clined 1.5 percent in 2008, according to preliminary statistics derived from the Bureau of Economic Analy sis’ most recent annual survey of foreign direct invest m ent in the United States.1 Value added by affiliates totaled $670.3 billion in 2008, down slightly from a re vised $680.6 billion in 2007. Affiliate valued added rep resented 5.9 percent of U.S. private industry value added in 2008 (table 1). The decline in affiliate value added came despite substantial inflows for new foreign direct investment in the United States.2 The contribution of new affiliates to value added was more than offset by declines in value added among existing affiliates and by declines that stemmed from partial or complete divestitures of several large manufacturing and retail trade affiliates. The decline among existing affiliates was particularly pronounced in nondepository finance, which was strongly affected by the financial crisis of 2008. Employment of U.S. affiliates of foreign companies rose 0.1 percent in 2008 (table 1). The small increase was driven primarily by several acquisitions of U.S. companies by foreign multinationals, either directly or through existing U.S. affiliates; the expansion of em ployment by existing affiliates played a secondary role. Total private U.S. employment fell by less than 1 per cent in 2008, and the share of U.S. employment ac counted for by affiliates was unchanged at 4.7 percent.3 The shares recorded in 2007 and 2008 are less than the 4.9 percent recorded in 2002 after several years of high levels of acquisitions by foreign direct investors.4 The following are additional highlights of the oper ations of U.S. affiliates in 2008. • The United Kingdom was the largest investing country in terms of value added, followed by Japan and Germany. • The share of U.S. employment by state accounted for by affiliates was highest in Delaware, followed by New Hampshire and Connecticut. • The share of total U.S. employment by industry accounted for by affiliates was highest in mining and manufacturing. •Affiliates accounted for 18 percent of U.S. exports of goods and 27 percent of U.S. imports of goods. •Affiliates accounted for 14 percent of the research and development (R&D) performed by U.S. busi nesses. This article examines changes in value added, em ployment, exports and imports of goods, and R&D ac tivity of U.S. affiliates of foreign companies in 2008. For each of these measures, changes are examined both in the aggregate and for major investing countries. For value added, changes are also examined by industry of affiliates and industry of the foreign owner. For em ployment, changes are examined by industry of affili ate and by state. Several additional measures of U.S.affiliate operations are presented at the end of the arti cle. Table 1. Value Added and Employment of Majority-Owned U.S. Affiliates of Foreign Companies, 1997,2002,2007, and 2008 Value added 1. T h is a r t i c l e c o v e r s t h e o p e r a t io n s o f a ll m a j o r i t y - o w n e d U .S . a f f ilia t e s , Millions of dollars i n c l u d i n g b o t h b a n k a n d n o n b a n k a f f ilia t e s . B e f o r e t h e 2 0 0 7 b e n c h m a r k s u r v e y , t h e a n n u a l s e rie s o n a f f i l i a t e o p e r a t io n s o n l y c o v e r e d n o n b a n k a f f i l Employment A sa percentage of U.S. private industry value added Thousands of workers A sa percentage of U.S. private industry employment ia te s . S ta t is t ic s o n v a lu e a d d e d b y b a n k a f f il ia t e s a re n o t a v a ila b le f o r y e a r s b e fo re 2 0 0 7 . 2 . I n 2 0 0 8 , o u t la y s f o r a c q u i s i t i o n o r e s t a b lis h m e n t o f U .S . b u s in e s s e s b y fo r e ig n d ir e c t in v e s t o r s t o t a le d re c o rd e d . F o r m o r e in f o r m a t io n $ 2 6 0 .4 b illio n , th e th ir d - h ig h e s t I n v e s t m e n t i n t h e U n i t e d S ta te s : N e w I n v e s t m e n t i n 2 0 0 8 ,” Su r v e y rent le v e l see, T h o m a s A n d e r s o n , “ F o r e ig n D i r e c t of C ur 1997......................................................... 2002......................................................... 2007r ....................................................... 2008 p....................................................... Addendum: Percent change at annual rates..................................................... 2007-2008.............................................. n.a. n.a. 680,605 670,284 n.a. n.a. 6.1 5.9 4,372.4 5,570.4 5,588.2 5,593.5 4.1 4.9 4.7 4.7 -1.5 n.a. 0.1 n.a. B u sin es s 8 9 ( J u n e 2 0 0 9 ) : 5 4 - 6 1 . S t a t is t ic s o n n e w in v e s t m e n t a re n o t a v a ila b le a f t e r 2 0 0 8 b e c a u s e B E A e li m i n a t e d t h e s u r v e y t h a t c o lle c t e d th e s e d a t a . (S e e t h e b o x “ R e d u c t io n i n D a t a A v a i la b le o n F o r e ig n D i r e c t I n v e s t m e n t i n t h e U n i t e d S ta te s .” ) 3 . B e c a u s e U .S . a f f il ia t e s t e n d t o b e c o n c e n t r a t e d i n i n d u s t r i a l s e c to r s w i t h r e la t iv e l y h i g h v a lu e a d d e d p e r e m p lo y e e ( s u c h as m i n i n g , m a n u f a c t u r i n g , o r w h o le s a le t r a d e ) , t h e i r s h a r e o f U .S . e m p l o y m e n t is lo w e r t h a n t h e i r s h a r e o f U .S . v a lu e a d d e d . 4 . E x c e p t f o r 2 0 0 2 , w h i c h w a s a b e n c h m a r k s u r v e y y e a r , d a t a o n e m p lo y m e n t b y m a j o r i t y - o w n e d a f f il ia t e s f o r y e a r s b e f o r e 2 0 0 7 e x c lu d e a f f il ia t e s i n th e b a n k in g in d u s tr y . p Preliminary r Revised n.a. Not available N otes. For improved comparability with U.S.-affiliate value added, U.S. private industry value added was adjusted to exclude value added in private households, imputed rental income from owner-occupied housing, and business transfer payments. For the latest estimates of U.S. private industry value added, see Matthew M. Donahoe, Edward T. Morgan, Kevin J. Muck, and Ricky L. Stewart, “Annual Industry Accounts: Advance Statistics on GDP by Industry for 2009 and Revised Statistics for 1998-2008, Comprehensive Revision” S urvey of C urrent B usiness 90 (June 2010): 14-29. For improved comparability with U.S.-affiliate employment, U.S. private industry employment was adjusted to exclude employment in private households. For consistency with the coverage of the data on U.S. private industry employment, U.S.-affiliate employment in Puerto Rico, in “other U.S. areas,” and in “foreign” was excluded from the U.S.-affiliate totals when the employment shares were computed. 46 N o vem b er 2 0 1 0 U.S. Affiliates of Foreign Companies Value Added In 2008, the total current-dollar value added of majority-owned U.S. affiliates fell 1.5 percent to $670.3 bil lion. Value added in U.S. private industries rose 0.1 percent; as a result, the share of U.S. private industry value added accounted for by affiliates fell from 6.1 percent in 2007 to 5.9 percent in 2008. The decline in affiliate value added in the face of a slight increase in total U.S. value added was partly due to the high con centration of affiliates in industries, such as manufac turing, that were strongly affected by the economic slowdown of 2008. By country of ownership In 2008, affiliates of the seven largest investing coun tries— Canada, France, Germany, the Netherlands, Switzerland, the United Kingdom, and Japan— ac counted for three-fourths of value added by affiliates (table 2 and chart 1). The largest share— 16 per cent— was accounted for by British-owned affiliates; Chart 1. Shares of Value Added of U.S. Affiliates by Country of Ultimate Beneficial Owner, 2008 Canada. 9.3% Other, 24.8% France, 8.6% Germany, 12.3% Japan, 13.1% Netherlands, 8.4% Switzerland, United Kingdom, 7.3% 16.2% U.S. Bureau of Economic Analysis they represented about 1 percent of total U.S. private industry value added. British-owned affiliates have substantial operations in petroleum wholesaling and chemicals manufacturing. Japanese-owned affiliates (13 percent) had the second-largest share of affiliate value added, overtaking Germany, which accounted for 12 percent. Japanese-owned affiliates were prom i nent in transportation equipment manufacturing and wholesaling. German-owned affiliates were particularly active in chemicals and machinery m anu facturing and in telecommunications services. Table 2. Value Added of Majority-Owned U.S. Affiliates by Country of Ultimate Beneficial Owner, 2007 and 2008 Millions of dollars 2007 2008 Percentage of all-countries total 2007 Addendum: Percentage change in affiliate value added, 2008 2008 All c o u n trie s ........................... 680,605 670,284 100.0 100.0 -1.5 C a na d a .................................................. 64,310 62,554 9.4 9.3 -2.7 E uro p e ................................................... B elgium .............................................. Denmark............................................. Finland................................................ France................................................ G e r ra n y ............................................ Ireland................................................ Italy...................................................... Netherlands....................................... S p a n .................................................. Sweden.............................................. Switzerland........................................ Untcd Kingdom................................. O the r.................................................. 430,651 14,671 3,512 3,866 63,392 87,013 7,105 8,239 45,200 4,497 13,614 50,315 120,864 8,363 423,366 17,294 4.011 4,407 57,521 82.445 6,681 9.012 56,173 6,176 13.446 48,836 108,820 8,544 63.3 2.2 0.5 0.6 9.3 12.8 1.0 1.2 6.6 0.7 2.0 7.4 17.8 1.2 63.2 2.6 0.6 0.7 8.6 12.3 1.0 1.3 8.4 0.9 2.0 7.3 16.2 1.3 -1.7 17.9 14.2 14.0 -9 .3 -5.3 -6.0 9.4 24.3 37.3 -1.2 -2.9 -10.0 2.2 Latin Am erica and O ther Western Hem isphere...................................... Bermuda............................................. Mexico................................................ United Kingdom Islands, Caribbean Venezuela........................................... O the r.................................................. 50,030 22,335 5,310 5,039 6,489 10,858 51,391 24,494 5,858 4,486 5,062 11,492 7.4 3.3 0.8 0.7 1.0 1.6 7.7 3.7 0.9 0.7 0.8 1.7 2.7 9.7 10.3 -11.0 -22.0 5.8 A fr ic a ...................................................... 1,144 1,257 0.2 0.2 9.8 Middle E a s t........................................... Saudi Arabia...................................... O the r.................................................. 15,166 8,275 6,891 11,519 5,773 5,746 2.2 1.2 1.0 1.7 0.9 0.9 -24.0 -30.2 -16.6 Asia and P acific................................... Australia.............................................. Japan.................................................. Korea, Republic o f............................ O the r.................................................. 108,520 11,051 84,535 3,595 9,339 109,509 10,569 87,651 1,967 9,322 15.9 1.6 12.4 0.5 1.4 16.3 1.6 13.1 0.3 1.4 0.9 -4.4 3.7 -45.3 -0.2 United S ta te s ....................................... 10,782 10,690 1.6 1.6 -0.9 Reduction in Data Available on Foreign Direct Investment in the United States In order to align its programs with the available resources, BEA has reduced the detail and modified the reporting criteria on the annual survey of the operations of U.S. affiliates of foreign multinational companies and discontinued the survey of new foreign direct investment in the United States. Effective with the annual survey for 2008, some data items have been dropped, reporting thresholds have been raised, and statistical sampling has been expanded. Among the data items discontinued are state-level breakdowns of U.S. affiliate manufacturing employment; gross property, plant, and equipment; and commercial property. The survey of new foreign direct investment in the United States covered U.S. businesses newly acquired or established by foreign direct investors. These data included select financial and operating data on the oper ations of newly acquired or established affiliates regard less of whether the invested funds were raised in the United States or abroad.1 BEA collected these data until 2008, so the data series ends with that year. The results of the 2008 survey were published in “Foreign Direct Invest ment in the United States: New Investment in 2008” in the lune 2009 S u rv e y . 1. F o r a c o m p a r i s o n o f t h e d a t a o n a f f i l i a t e o p e r a t io n s w i t h t h e d a t a on new in v e s t m e n t , see t h e a p p e n d ix “ S o u r c e s o f D a t a ” i n F a h im -N a d e r a n d W illia m U n it e d S ta te s : N e w M ahnaz J. Z e ile , “ F o r e ig n D i r e c t I n v e s t m e n t i n t h e In v e s tm e n t in 1 9 9 4 a n d A ff ilia te 1 9 9 3 ,” S u r v e y 7 5 ( M a y 1 9 9 5 ) : 6 8 - 7 0 ; w w w . b e a . g o v / s c b / . O p e r a t io n s in N o v em b er 2 0 1 0 S urvey of The share of affiliate value added of the seven largest investing countries decreased 1 percentage point to 75 percent in 2008. Among these countries, only affiliates with ultimate beneficial owners (UBOs) in the Nether lands and Japan had increases in value added in 2008.5 Netherlands-owned affiliates had the largest increase in value added, due largely to increases among existing affiliates in insurance. The increase for Japaneseowned affiliates was largely attributable to increases among existing affiliates in transportation equipment and electronic equipment wholesaling. Among the largest investing countries, Britishowned affiliates had the largest decreases. The decline was partly due to lower value added among existing af filiates and partly due to the selloff of manufacturing affiliates. Value added also declined substantially at French- and German-owned affiliates. For Frenchowned affiliates, the decline was largely attributable to affiliates in depository credit intermediation (banking) and insurance. For German-owned affiliates, the de cline was concentrated in the securities industry. Among smaller investing countries, there were sub stantial decreases in the value added of Saudi Arabianowned and Korean-owned affiliates. The decrease in value added for Saudi Arabian-owned affiliates was largely attributable to petroleum refiners and chemi cals manufacturers. The decrease for Korean-owned affiliates was largely attributable to manufacturing and wholesale trade affiliates. In contrast, the value added of Belgian- and Spanish-owned affiliates increased. The increase for Belgian-owned affiliates was primarily due to acquisitions in manufacturing, and that for Spanish-owned affiliates was primarily due to acquisi tions in utilities. 5. T h e U B O is t h a t p e r s o n , p r o c e e d i n g u p t h e o w n e r s h ip c h a in , t h a t is n o t o w n e d m o r e t h a n 5 0 p e r c e n t b y a n o t h e r p e r s o n . F o r m o r e i n f o r m a t i o n see th e b o x “ K e y T e rm s .” Data Availability This article summarizes the preliminary statistics from the 2008 Annual Survey of Foreign Direct Invest ment in the United States. More detailed statistics will be posted in files that can be downloaded at no charge from BEA’s Web site at www.bea.gov. Revised statistics will be released next year. Detailed statistics on U.S. affiliate operations for 1977-2007 are also available on BEA’s Web site. For more information on these products and how to access them, see www.bea.gov. Click “Interna tional”, then “About International”, then “Interna tional Investment Division Product Guide” and finally, “Operations of U.S. Affiliates of Foreign Com panies.” 47 C u r r e n t B u s in e s s By industry of UBO In 2008, affiliates whose UBOs were private entities ac counted for 98 percent of the value added by U.S. affil iates (table 3). The remaining 2 percent of value added Table 3. Value Added of Majority-Owned U.S. Affiliates by Industry of Ultimate Beneficial Owner, 2007 and 2008 Percentage of all-countries total Millions of dollars 2007 2008 2007 2008 A ll in d u s trie s ............................................ 680,605 670,284 100.0 100.0 Government and government-related entities.... Individuals, estates, and tru sts ............................ M ining...................................................................... Manufacturing......................................................... 18,696 74,884 31,398 303,577 14,214 71,583 28,132 310,287 2.7 11.0 4.6 44.6 2.1 10.7 4.2 46.3 Wholesale and retail trade.................................... Information.............................................................. Finance and Insurance.......................................... Professional, scientific, and technical services Other........................................................................ 43,717 24,806 71,251 25,573 86,703 38,581 26,573 63,497 24,873 92,544 6.4 3.6 10.5 3.8 12.7 5.8 4.0 9.5 3.7 13.8 was accounted for by U.S. affiliates owned by govern ments or government-related entities, such as govern ment pension funds. Of the affiliates owned by private entities, those owned by businesses accounted for 87 percent of total affiliate value added and those owned by individuals accounted for 11 percent. By industry of affiliate Among major industries, manufacturing accounted for the largest share— 42 percent— of affiliate value added in 2008, down slightly from 43 percent in 2007 (table 4). Among manufacturing industries, chemicals Table 4. Value Added of Majority-Owned U.S. Affiliates by Industry of Affiliate, 2007 and 2008 Millions of dollars Percentage of all-industries total 2007 2007 2008 Addendum: Percent change in affiliate value added 2007-2008 2008 A ll in du s trie s .............................. 680,605 670,284 100.0 100.0 -1.5 M anufacturing........................................ 292,177 280,329 42.9 41.8 -4.1 Food....................................................... Beverages and tobacco products..... Petroleum and coal products............. Chemicals............................................. Plastics and rubber products............. Nonmetallic mineral products............ Primary metals..................................... Fabricated metal products................. Machinery............................................. Computers and electronic products... Electrical equipment, appliances, and components..................................... Transportation equipment................... Other...................................................... 18,208 9,512 30,746 68,381 12,148 21,790 12,749 8,718 25,527 13,693 17,345 16,488 22,040 65,577 11,611 19,109 13,952 9,290 25,474 12,578 2.7 1.4 4.5 10.0 1.8 3.2 1.9 1.3 3.8 2.0 2.6 2.5 3.3 9.8 1.7 2.9 2.1 1.4 3.8 1.9 -4.7 73.3 -28.3 -4.1 -4.4 -12.3 9.4 6.6 -0.2 -8.1 10,903 44,396 15,404 10,795 40,292 15,779 1.6 6.5 2.3 1.6 6.0 2.4 -1.0 -9.2 2.4 W holesale tra d e ..................................... Petroleum and petroleum products.... Other...................................................... 110,338 24,400 85,938 116,400 31,795 84,605 16.2 3.6 12.6 17.4 4.7 12.6 5.5 30.3 -1.6 -14.6 Retail tra d e .............................................. 32,178 27,468 4.7 4.1 Info rm a tio n .............................................. 34,814 35,771 5.1 5.3 2.8 Finance and in suran ce ......................... Depository institutions and bank holding companies.......................... Finance (except depository institutions)...................................... Insurance.............................................. 70,132 61,996 10.3 9.2 -11.6 26,678 23,756 3.9 3.5 -11.0 22,015 21,439 9,001 29,238 3.2 3.2 1.3 4.4 -59.1 36.4 Real estate and rental and leasing 13,425 13,171 2.0 2.0 -1.9 Professional, s cie ntific, and technical s e rv ic e s ............................................... 25,665 26,870 3.8 4.0 4.7 Other in d u s trie s ..................................... 101,876 108,280 15.0 16.2 6.3 48 (which includes pharmaceuticals) had the largest share of value added, followed by transportation equipment. Wholesale trade, which includes many affiliates that have substantial secondary operations in m anufactur ing, accounted for the second-largest share of value added among major industries.6 Value added of manufacturing affiliates fell 4 per cent in 2008 to $280.3 billion from $292.2 billion. The largest declines in dollar terms were in petroleum and coal products and transportation equipment. In petro leum and coal products, market conditions made it difficult for petroleum refiners to pass on to customers the full value of increases in the cost of crude oil. In transportation equipment, the decline was attributable to the partial selloff of affiliates and to declines among existing affiliates. Value added of affiliates in beverages and tobacco products manufacturing rose substantially 6. N o vem b er 2 0 1 0 U.S. Affiliates of Foreign Companies E a c h U .S . a f f il ia t e is c la s s if ie d i n t h e i n d u s t r y t h a t a c c o u n t s f o r t h e la r g e s t p o r t i o n o f it s s a le s ; h o w e v e r , m a n y la r g e a f f il ia t e s a re in v o l v e d i n a v a r i e t y o f b u s in e s s a c t i v it ie s . C h a n g e s i n t h e m i x o f th e s e a c t i v it ie s m a y r e s u lt in because of acquisitions. Among other industries, value added fell 15 percent in retail trade and 12 percent in finance and insurance. In retail trade, the decline was largely due to partial or complete divestitures of U.S. affiliates. In finance and insurance, the decline was especially pronounced among existing affiliates in the nondepository finance industries affected by the 2008 financial crisis. Value added also declined in banking despite the expansion of several affiliates through acquisitions. Employment In 2008, employment by majority-owned U.S. affiliates rose a slight 0.1 percent to 5,593,500 and accounted for 4.7 percent of total U.S. private employment, un changed from the share in 2007. Employment by affili ates has not changed significantly since 2002, when it totaled 5,570,400; in contrast, employment increased substantially between 1997 and 2002, fueled by a surge in new investment. a c h a n g e i n a n a f f i l i a t e ’s i n d u s t r y c la s s if ic a t i o n . Key Terms The following key terms are used to describe U.S. affili ates of foreign companies and their operations. U.S. affiliate. A U.S. business enterprise in which there is foreign direct investment—that is, in which a single foreign person owns or controls, directly or indirectly, 10 percent or more of the voting securities of an incorpo rated U.S. business enterprise or an equivalent interest in an unincorporated U.S. business enterprise. Person is broadly defined to include any individual, corporation, branch, partnership, associated group, association, estate, trust, or other organization and any government (includ ing any corporation, institution, or other entity or instru mentality of a government). A “foreign person” is any person that resides outside the United States—that is, outside the 50 states, the District of Columbia, the Com monwealth of Puerto Rico, and all U.S. territories and possessions. Majority-owned U.S. affiliate. A U.S. affiliate that is owned more than 50 percent by foreign parents. Foreign parent. The first person outside the United States in a U.S. affiliate’s ownership chain that has a direct investment interest in the affiliate. Ultimate beneficial owner (UBO). That person, pro ceeding up a U.S. affiliate's ownership chain, beginning with and including the foreign parent, that is not owned more than 50 percent by another person. Unlike the for eign parent, the UBO of an affiliate may be located in the United States. The UBO of each U.S. affiliate is identified to ascertain the person that ultimately owns or controls the U.S. affiliate and that therefore ultimately derives the benefits from ownership or control. Foreign parent group. Consists of (1) the foreign par ent, (2) any foreign person, proceeding up the foreign parent’s ownership chain, that owns more than 50 per cent of the person below it, up to and including the UBO, and (3) any foreign person, proceeding down the owner ship chain(s) of each of these members, that is owned more than 50 percent by the person above it. Value added. The contribution to U.S. gross domestic product, which is the market value of the goods and ser vices produced by labor and property located in the United States. Value added can be measured as gross out put (sales or receipts and other operating income plus inventory change) minus intermediate inputs (purchased goods and services). Alternatively, it can be measured as the sum of the costs incurred (except for intermediate inputs) and the profits earned in production. The valueadded estimates for U.S. affiliates were prepared by sum ming cost and profit data collected in the annual and benchmark surveys of foreign direct investment in the United States. The estimates are measures of gross value added rather than measures of net value added because they are calculated without the deduction for the con sumption of fixed capital used in production. The estimates of value added of U.S. affiliates are con ceptually consistent with BEA’s estimates of U.S. value added by industry. November 2010 49 S u r v e y o f C u r r e n t B u s in e s s tions. The increase in utilities was due to the establish In 2008, the shares of U.S. employment accounted for ment of several new affiliates in electric power by affiliates were highest in mining (16 percent) and generation, particularly wind energy, and in natural gas distribution. manufacturing (13 percent) (table 5).7 W ithin manufacturing, the shares were highest in chemicals (30 percent), m otor vehicles, bodies and Table 5. Employment by Majority-Owned U.S. Affiliates by Industry of Sales, 2007 and 2008 trailers, and parts (27 percent), and nonmetallic m in eral products (25 percent). In chemicals, slightly more than half of the employment was in pharmaceuticals; the remainder was accounted for by several different chemical industries, including basic chemicals and paints, coatings, and adhesives. In m otor vehicles, more than two-thirds of the employment of affiliates was accounted for by motor vehicle parts. The m ajor ity of the employment in the nonmetallic mineral products industry was in cement and concrete. Outside of mining and manufacturing, affiliates’ shares of U.S. employment were highest in utilities, in formation, and wholesale trade. In utilities, about half of the employment was accounted for by electricity generation, transportation, and distribution. In infor mation, employment by affiliates was largest in pub lishing. In wholesale trade, much of the employment was accounted for by durable-goods wholesalers and reflected the role of U.S. affiliates in importing goods. Although total affiliate employment was almost un changed in 2008, affiliate employment in manufactur ing rose by more than 40,000. Because total U.S. manufacturing employment fell in 2008, the share of U.S. manufacturing employment accounted for by af filiates rose in 2008 to 13.4 percent from 12.7 percent. W ithin manufacturing, increases in affiliate employ m ent were especially large in computers and electronic products and in machinery. In both of these industries, the increase was largely due to the acquisition of sev eral U.S. firms by foreign companies. Employment by affiliates increased substantially in banking and in utilities. As a result, U.S. affiliates’ shares of total U.S. employment in both industries in creased significantly, to 7.0 percent from 5.9 percent in banking and to 9.1 percent from 6.1 percent in utilities. The increase in banking was due to several acquisi By industry Percentage of total U.S. employment in private industries1 Thousands of employees 7. T h e e s tim a te s o f U .S e m p l o y m e n t s h a r e s a re d e r iv e d f r o m d a t a o n a f f i l ia t e e m p l o y m e n t b r o k e n d o w n b y i n d u s t r y o f s a le s , a b a s is t h a t a p p r o x i m a t e s e s t a b lis h m e n t - b a s e d d is a g g r e g a t io n o f t h e c o r r e s p o n d i n g d a t a f o r a ll U .S . b u s in e s s e s . See t h e b o x “ U s in g E m p l o y m e n t D a t a t o E s t i m a t e A f f i l i a t e S h a re s o f U .S E c o n o m y b y I n d u s t r y . ” B e c a u s e e m p l o y m e n t b y i n d u s t r y o f s a le s m o r e p r e c is e ly r e f le c ts t h e i n d u s t r y c o m p o s i t i o n o f a f f il ia t e s ’ b u s in e s s a c t i v it ie s t h a n d a t a b y i n d u s t r y o f a f f il ia t e , t h e i n d u s t r y p r e s e n t a t io n i n t h i s s e c t io n is m o r e d e t a ile d t h a n t h a t p r e s e n t e d i n t h e s e c t io n o n v a lu e a d d e d b y i n d u s t r y o f a f f il ia t e . 2007 2008 A ll in d u s trie s 2........................................... 5,588.2 5,593.5 2007 4.7 2008 4.7 Agriculture, forestry, fishing, and hunting............. Mining, excluding oil and gas extraction.............. Utilities...................................................................... Construction............................................................ (D) 77.6 33.4 90.3 (D) 86.5 51.1 86.4 (D) 15.2 6.1 1.1 (D) 15.7 9.1 1.2 M a n ufacturing........................................................ 1,782.3 1,826.1 12.7 13.4 Food and beverage and tobacco products....... Textile mills and textile product m ills................ Apparel and leather and allied products.......... Wood products..................................................... P aper.................................... Printing and related support activities............. Petroleum and coal products3.......................... Chemicals............................ Plastics and rubber products............................ Nonmetallic mineral products Primary metals..................... Fabricated metal products.. Machinery............................................................ Computers and electronic products.................. Electrical equipment, appliances, and components..................................................... Motor vehicles, bodies and trailers, and p arts. Other transportation equipment........................ Furniture and related products......................... Miscellaneous manufacturing........................... 171.4 13.0 5.5 14.9 29.2 28.5 34.1 252.1 109.1 129.5 84.6 91.7 152.0 149.8 184.7 11.7 7.2 13.8 29.8 29.3 36.1 253.9 109.2 117.7 93.4 87.8 174.6 176.2 10.2 3.9 2.2 2.9 6.4 4.6 13.1 29.3 14.4 25.8 18.6 5.9 12.8 11.8 11.0 3.8 3.1 3.0 6.7 4.9 13.0 29.9 15.0 25.3 21.0 5.7 14.8 14.1 94.3 239.0 91.5 13.0 79.3 87.8 240.4 84.3 11.5 76.7 22.0 24.0 12.7 2.5 12.3 20.9 27.2 11.5 2.4 12.1 Wholesale trade....................................................... Retail tra d e .............................................................. Transportation and warehousing Information................................................................ 434.5 548.8 250.4 205.0 418.2 488.9 237.2 214.1 7.2 3.5 5.5 6.7 7.0 3.1 5.2 7.1 Finance and in surance........................................ Depository credit intermediation (banking)...... Finance, except depository institutions............ Insurance carriers and related activities 365.2 122.1 138.8 104.3 385.3 140.6 131.0 113.7 6.0 5.9 7.9 4.5 6.4 7.0 7.9 4.9 Real estate and rental and leasing....................... Professional, scientific, and technical services.... Management of nonbank companies and enterprises........................................................... Administration, support, and waste management Educational services............................................... Health care and social assistance........................ Arts, entertainment, and recreation...................... Accommodation and food services....................... Other services, except government...................... 32.7 327.8 31.0 298.2 1.5 4.2 1.4 3.7 1.6 453.6 8.9 94.1 20.8 339.5 (D) 1.2 453.3 12.2 101.4 34.0 348.9 (D) 0.1 5.4 0.3 0.6 1.0 2.9 (D) 0.1 5.6 0.4 0.6 1.7 3.0 (D) Auxiliaries................................................................ 393.8 390.0 n.a. n.a. Unspecified4............................................................ 22.4 29.7 n.a. n.a. D Suppressed to avoid disclosure of data of individual companies. n.a. Not applicable 1. The data on U.S. employment in private industries that were used in calculating these percentages are classified by industry of establishment. They are from table 6.4D of the “National Income and Product Account (NIPA) Tables.” The total for U.S. employment in private industries is equal to employment in private industries less the employment of private households. The U.S. private-industry employment totals used to calculate the affiliate shares in “all industries" in this table differ from the U.S. employment totals used to calculate affiliate shares in table 6; the latter are from BEA's Regional Economic Information System. The estimates for table 5, unlike those used for this table, exclude U.S. residents temporarily employed abroad by U.S. businesses. They may also differ from NIPA estimates used for “all industries” in this table because of different definitions and revi sion schedules. 2. For consistency with the coverage of the data on U.S. employment in private industries, U.S.-affiliate employment in Puerto Rico, in “other U.S. areas,” and in “foreign" was excluded from the U.S.-affiliate employ ment total when the percentage shares on this line were computed. Data needed to make this adjustment are not available for individual industries. 3. For both U.S. affiliates and all U.S. businesses, includes oil and gas extraction. (See note below.) 4. This line includes employment for which U.S. affiliates did not specify an industry of sales when they filled out their survey forms. Affiliates that filed the long form (that is, affiliates with assets, sales, or net income or loss greater than $275 million) had to specify only their 10 largest sales categories, and affiliates that filed the short form had to specify only their 4 largest sales categories. N otes. A significant portion of U.S.-affiliate employment in petroleum and coal products is accounted for by integrated petroleum companies that have, in addition to their manufacturing employees, substantial numbers of employees in petroleum extraction; because these employees cannot be identified separately, they are included in petroleum and coal products manufacturing. For consistency, employees of affiliates classified in the “oil and gas extraction without refining” industry and employees of all U.S. businesses in oil and gas extraction are also included in petroleum and coal products manufacturing rather than in mining. 50 U.S. Affiliates of Foreign Companies November 2010 Employment by affiliates fell substantially in profes “Key Terms”). The intrafirm trade of U.S. affdiates has sional, scientific, and technical services and in retail generally accounted for 8-10 percent of U.S. exports trade. In professional, scientific, and technical services, and for 20-25 percent of U.S. imports. the decline was largely in accounting services. In retail trade, the decline was due to selloffs, both partial and Table 6. Employment by Majority-Owned U.S. Affiliates by State, 2007 complete, of U.S. affiliates. and 2008 By state In 2008, Delaware was the state with the highest share— 8.2 percent— of private employment ac counted for by affiliates (table 6). Most of the employ m ent by affiliates in Delaware was attributable to European companies, particularly those from the United Kingdom, who accounted for about a third of affiliate employment in the state. U.S. affiliates’ shares were also high in New Hampshire and Connecticut. In New Hampshire, a majority of the employment was at tributable to European-owned affiliates, particularly British-owned companies. In Connecticut, the largest share of employment was accounted for by Nether lands-owned affiliates, followed by British- and German-owned affiliates. Total U.S. employment by affiliates grew only slightly in 2008, but employment increased substan tially in several states, notably Texas and Missouri. In Texas, employment rose 16,900 as a result of both ac quisitions and expansions by existing affiliates in the state. Much of the new activity was in the m anufactur ing and mining sectors. In Missouri, the increase was driven by acquisitions in various manufacturing in dustries, including food and beverage manufacturing, computers and electronic products, and transporta tion equipment. Employment by affiliates fell substantially in New York and Tennessee. In New York, the decline was due to partial or complete divestitures of affiliates. In Ten nessee, the decline was due to reductions in employ m ent by existing affiliates and to selloffs of affiliates. Trade in Goods In 2008, U.S. affiliates continued to account for a sub stantial share of the trade in goods of the United States, accounting for 18 percent of exports and 27 percent of imports (table 7). These shares are much larger than the affiliate shares of either value added or employ ment, reflecting both the general international orienta tion of foreign-owned companies and their production and distribution ties to their foreign parents. Much of the trade in goods by affiliates— about 50 percent of exports and about 80 percent of imports— is ac counted for by intrafirm transactions between the af filiates and their foreign parents or other member companies of their foreign parent groups (see the box Thousands of employees Percentage of total employment in the state or a re a 1 2007 2008 2007 2008 T o ta l2......................................... 5,588.2 5,593.5 4.7 4.7 New E n g la n d ............................................. Connecticut............................................. Maine....................................................... Massachusetts....................................... New Hampshire..................................... Rhode Island........................................... V erm ont.................................................. 391.2 103.3 29.6 183.7 38.9 25.7 10.1 396.4 104.6 30.7 188.9 40.4 21.3 10.5 6.3 7.0 5.7 6.3 6.9 6.0 3.9 6.4 7.1 6.0 6.4 7.2 5.1 4.1 M id e a s t....................................................... Delaware................................................. District of Columbia................................ Maryland................................................. New Jersey............................................. New York................................................. Pennsylvania........................................... 1,069.8 28.7 16.3 103.6 227.4 429.3 264.4 1,065.9 30.8 15.9 108.6 230.0 417.0 263.5 5.7 7.6 3.5 4.8 6.6 5.9 5.2 5.6 8.2 3.3 5.1 6.7 5.7 5.1 Great L a k e s ............................................... Illinois....................................................... Indiana..................................................... M ichigan................................................. O hio ......................................................... W isconsin............................................... 902.4 280.5 149.1 152.6 238.2 82.0 881.4 273.3 141.6 150.6 231.6 84.3 4.8 5.4 5.7 4.2 5.1 3.3 4.8 5.3 5.5 4.2 5.0 3.4 P la in s .......................................................... Iow a......................................................... Kansas.................................................... Minnesota............................................... M issouri.................................................. Nebraska................................................ North Dakota........................................... South Dakota.......................................... 322.8 45.5 58.9 98.2 82.4 23.4 7.5 6.8 334.3 48.2 53.5 97.2 91.3 25.2 10.1 8.8 3.7 3.5 5.1 4.1 3.5 2.9 2.6 2.0 3.9 3.7 4.6 4.1 3.8 3.1 3.4 2.6 S o u th e a s t.................................................. Alabama.................................................. Arkansas................................................. Florida...................................................... Georgia.................................................... Kentucky Louisiana................................................ M ississippi.............................................. North C arolina....................................... South Carolina....................................... Tennessee............................................... Virginia.................................................... West Virginia........................................... 1,355.9 81.1 36.6 248.2 180.6 92.9 49.1 26.5 211.0 111.3 139.2 158.1 21.1 1,341.7 78.4 33.3 254.0 179.8 95.2 48.1 26.8 206.7 107.2 130.6 159.7 22.0 4.7 4.9 3.6 3.5 5.1 5.9 3.1 2.8 6.0 6.9 5.7 5.1 3.6 4.8 4.8 3.3 3.8 5.2 6.1 3.0 2.9 5.9 6.7 5.4 5.2 3.7 S outhw est.................................................. Arizona.................................................... New M exico............................................ Oklahoma............................................... Texas........................................................ 548.1 73.2 17.0 35.4 422.6 571.5 76.5 18.7 36.8 439.4 4.2 3.2 2.6 2.8 4.8 4.3 3.4 2.9 2.9 4.9 Rocky M o u nta in ....................................... Colorado................................................. Idaho........................................................ Montana.................................................. U tah......................................................... Wyoming................................................. 148.0 83.5 14.4 8.1 33.2 8.9 153.1 85.4 17.5 7.2 32.5 10.6 3.5 4.2 2.6 2.2 3.1 4.0 3.6 4.3 3.2 2.0 3.0 4.6 Far W est...................................................... Alaska...................................................... California................................................. Hawaii...................................................... Nevada.................................................... Oregon.................................................... Washington............................................. 815.5 11.4 602.9 31.0 33.8 45.8 90.5 812.8 12.5 594.1 30.6 37.3 46.9 91.2 4.3 4.7 4.6 6.0 2.9 3.1 3.7 4.3 5.1 4.6 6.1 3.3 3.2 3.7 Puerto Rico................................................. Other US areas3........................................ Foreign4....................................................... 20.9 12.6 1.0 20.4 14.8 1.3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. Not available 1. The data on employment in private industries used to calculate the shares shown in this table are from BEA’s Regional Economic Information System. The totals are equal to employment in private industries less employment of private households. The U.S. employment totals used to calculate affiliate shares in this table differ from those used for tables 1, 2 and 6, which are from tables 6.4D of the “National Income and Product Accounts (NIPA) Tables.” They differ from the NIPA estimates of employment because they, by definition, they exclude U.S. residents temporarily employed abroad by U.S. businesses. They also may differ from the NIPA estimates because of different definitions and revision schedules. 2. For consistency with the coverage of the private-industry employment data, U.S.-affiliate employment in Puerto Rico, in “other U.S. areas,” and in “foreign” was excluded from the U.S.-affiliate employment total when the percentage shares on this line were computed. 3. Consists of the U.S. Virgin Islands, Guam, American Samoa, and all other outlying U.S. areas. 4. Consists of employees of U.S. affiliates working abroad. N o vem b er 2 0 1 0 S urvey of 51 C u r r e n t B u s in e s s Since the early 1990s, imports by U.S. affiliates have usually been at least twice as high as their exports, and the relative trade gap in earlier years was even larger. This trade gap for affiliates is substantially more pro nounced than the gap between total U.S. imports and U.S. exports, and affiliates accounted for $335 billion of the total 2008 U.S. trade gap in goods of $835 bil lion. The gap for affiliates was largely accounted for by Table 7. U.S. Trade in Goods by Majority-Owned U.S. Affiliates, 1987-2008 Millions of dollars U.S. exports of goods shipped to affiliates O f which: To the foreign parent group Total 1987................................................. 1988................................................. 1989................................................. 1990................................................. 1991................................................. 1992................................................. 1993................................................. 1994................................................. 1995................................................. 1996................................................. 1997................................................. 1998................................................. 1999................................................. 2000................................................. 2001 ................................................. 2002................................................. 2003................................................. 2004................................................. 2 00 5 ................................................. 2006................................................. 2 00 7 r ............................................... 2 00 8 p............................................... 39,497 57,209 72,413 79,368 85,254 91,686 94,329 107,057 121,277 125,897 128,394 136,949 140,808 150,911 145,525 140,510 147,643 155,507 174,318 198,003 217,560 232,413 O f which: From the foreign parent group Total 18,677 26,001 33,778 37,177 41,373 47,567 46,241 49,864 55,842 59,544 61,288 56,115 58,385 64,785 64,442 64,572 71,188 74,784 80,815 89,232 107,845 116,560 133,620 144,896 158,792 170,677 169,362 172,260 186,369 214,485 232,250 248,562 249,310 277,909 312,895 354,613 333,855 335,021 356,756 394,463 448,911 502,589 550,917 566,925 U.S. imports of goods shipped by affiliates as a percentage of total U.S. imports of goods U.S. exports of goods shipped by affiliates as a percentage of total U.S. exports of goods U.S. imports of goods shipped to affiliates 102,167 112,012 122,899 131,665 128,143 132,217 144,698 166,085 182,148 187,889 193,969 199,524 225,132 267,187 260,633 267,291 290,492 320,268 359,059 399,954 427,160 451,919 Of which: To the foreign parent group Total 15.5 17.7 19.9 20.2 20.2 20.5 20.3 20.9 20.7 20.1 18.6 20.1 20.2 19.3 20.0 20.3 20.4 19.0 19.2 19.1 18.9 18.1 7.3 8.1 9.3 9.4 9.8 10.6 9.9 9.7 9.5 9.5 8.9 8.2 8.4 8.3 8.8 9.3 9.8 9.1 8.9 8.6 9.4 9.1 O f which: From the foreign parent group Total 32.9 32.9 33.6 34.5 34.7 32.3 32.1 32.3 31.2 31.3 28.6 30.5 30.5 29.1 29.3 28.8 28.4 26.8 26.8 27.1 28.2 26.9 25.1 25.4 26.0 26.6 26.2 24.8 24.9 25.0 24.5 23.6 22.3 21.9 22.0 21.9 22.8 23.0 23.1 21.8 21.5 21.6 21.8 21.5 p Preliminary r Revised Notes. The data on U.S. exports and imports of goods used to compute the affiliate shares in this table are from the U.S. Census Bureau, and are on a Census basis. For the years 1987-2007, data in U.S. affiliate trade in goods were collected for nonbank affiliates only. Because it is likely that goods trade by bank affiliates was insignificant, the data on affiliate trade in goods for 1987-2007 are broadly comparable with the data for 2008. Using Employment Data to Estimate Affiliate Shares of the U.S. Economy by Industry The data on employment are used to estimate affiliate shares of the U.S. economy by industry on the basis of the North American Industry Classification System (NAICS) because these data can be disaggregated by industry of sales, a basis that approximates the disaggregation of the data for all U.S. businesses by industry of establishment.1 Thus, using the data on affiliate employment, the affiliate shares of the U.S. economy can be calculated at a greater level of industry detail than is possible using the valueadded estimates or other data, which can only be disag gregated on the basis of industry of affiliate.2 In the classification by industry of sales, the data on affiliate employment and sales are distributed among all 1. T h e d a t a f o r a ll U .S . b u s in e s s e s u s e d t o c o m p u t e t h e a f f i l i a t e s h a r e s o f e m p l o y m e n t b y N A I C S i n d u s t r y a re f r o m t h e n a t i o n a l in c o m e a n d p r o d u c t a c c o u n t s . S ee t a b le 5 , f o o t n o t e I . 2 . E s ta b lis h m e n t - l e v e l d a ta f r o m a j o i n t p r o j e c t o f B E A a n d t h e C e n s u s B u r e a u c a n b e u s e d t o c a lc u la t e a f f il ia t e s h a r e s a t a n e v e n g r e a te r le v e l o f d e t a il. F o r a f f i l i a t e s h a r e s b a s e d o n e s t a b lis h m e n t d a t a f o r s ix d ig i t m a n u f a c tu r in g a n d f iv e - d ig it n o n m a n u f a c t u r in g N A IC S in d u s t r ie s f o r 2 0 0 2 , see F o r e ig n D i r e c t I n v e s t m e n t i n th e U n it e d S ta te s : E s ta b lis h m e n t D a ta fo r 2002. T h is p u b lic a tio n is a v a ila b le by fro m w w w .b e a . g o v . T o d o w n l o a d i t , c l i c k o n “ O p e r a t io n s o f M u l t i n a t i o n a l C o m p a n ie s ”, t h e n “ B E A - C e n s u s B u r e a u D a t a L i n k P r o je c t ”. S i m i l a r d a ta o n a N A I C S b a s is a re a v a ila b le f o r 1 9 9 7 , a n d d a ta o n a S ta n d a r d I n d u s t r i a l C la s s if ic a t io n b a s is a re a v a ila b le f o r 1 9 8 7 a n d 1 9 9 2 . D a t a o n l y f o r m a n u f a c t u r i n g i n d u s t r ie s a re a v a ila b le f o r 1 9 8 8 - 9 1 . T h e d a t a f o r f o r e ig n - o w n e d e s ta b lis h m e n t s w w w .b e a . g o v / s c b / . a re a n a ly z e d in S u rv e y a r t ic le s at of the industries in which the affiliate reports sales. As a result, employment classified by industry of sales should approximate that classified by industry of establishment (or plant), because an affiliate that has an establishment in an industry usually also has sales in that industry. However, this is not the case if one establishment of an affiliate provides all of its output to another establish ment of that affiliate. For example, if an affiliate operates both a metal mine and a metal-manufacturing plant and if the entire output of the mine is used by the manufac turing plant, all of the affiliate’s sales would be in metal manufacturing, and none, in metal mining. Thus, when the affiliate’s employment is distributed by industry of sales, all of it would be classified in manufacturing, even though some of the employees work in an establishment in mining. In contrast, in the classification by industry of affiliate, all of the operations data (including the employment data) for an affiliate are assigned to that affiliate’s “pri mary” industry. The primary industry is determined using a breakdown of the affiliate’s sales by BEA’s NAICSbased International Survey Industry classification to identify the industry in which the affiliate has the most sales. As a result, any affiliate operations that take place in secondary industries will be classified as operations in the primary industry. 52 U.S. Affiliates of Foreign Companies wholesale trade affiliates, many of whom were estab lished to facilitate the im port of goods manufactured abroad by their foreign parents. Since the late 1980s, the im ports of wholesale trade affiliates have been 2-4 times as large as their exports, and these affiliates have consistently accounted for more than two-thirds of the total im port-export gap for U.S. affiliates. Most of the remaining gap was accounted for by manufacturing af filiates, some of whom have secondary activities in wholesale trade and some of which im port parts and components produced by their foreign parents. Exports In 2008, exports of goods by U.S. affiliates rose 7 per cent to $232.4 billion. Total U.S. exports of goods rose 12 percent in 2008; as a result, the share of exports ac counted for by affiliates fell slightly to 18.1 percent. Most of the increase in exports by affiliates was ac counted for by affiliates in machinery manufacturing, electrical goods wholesaling, and petroleum refining and wholesaling industries. Exports by affiliates in transportation equipment manufacturing fell by about a third, largely as a result of divestitures of affiliates that had substantial exports. In 2008, the largest share— 26 percent— of affiliate exports was accounted for by Japanese-owned affiliates (table 8). German- and British-owned affiliates acTable 8. U.S. Trade in Goods by Majority-Owned U.S. Affiliates by Selected Country of Ultimate Beneficial Owner, 2007 and 2008 Millions of dollars 2007 2008 Percentage of all countries totals 2007 2008 Addendum: Percent change in affiliate exports or imports, 2008 U.S. expo rts shipped by a ffiliates: A ll c o u n trie s ......................................... 217,560 232,413 100.0 100.0 6.8 Canada................................................................. France.................................................................. G erm any.............................................................. Netherlands......................................................... 11,492 11,020 42,253 13,549 9,557 12,217 34,547 19,373 5.3 5.1 19.4 6.2 4.1 5.3 14.9 8.3 -16.8 10.9 -18.2 43.0 Switzerland.......................................................... United Kingdom................................................... Japan.................................................................... Korea, Republic o f.............................................. O the r.................................................................... 8,233 22,663 52,196 10,248 45,906 9,142 27,726 60,031 10,849 48,972 3.8 10.4 24.0 4.7 21.1 3.9 11.9 25.8 4.7 21.1 11.0 22.3 15.0 5.9 6.7 U.S. im ports shipped to affiliates: All c o u n trie s ........................................ 550,917 566,925 100.0 100.0 2.9 Canada................................................................ France.................................................................. G erm any............................................................. Netherlands......................................................... 35,057 17,841 71,322 33,336 33,932 19,402 65,472 37,259 6.4 3.2 12.9 6.1 6.0 3.4 11.5 6.6 -3.2 8.7 -8.2 11.8 Switzerland.......................................................... United Kingdom.................................................. Japan.................................................................... Korea, Republic o f.............................................. O ther.................................................................... 15,464 34,746 182,407 38,060 122,685 16,252 39,027 183,836 37,928 133,817 2.8 6.3 33.1 6.9 22.3 2.9 6.9 32.4 6.7 23.6 5.1 12.3 0.8 -0.3 9.1 N ote . The countries shown in this table are the eight UBO countries for which the sum of exports and imports by majority-owned U.S. affiliates exceeded $25 billion in 2008. N o v em b er 2 0 1 0 counted for the second- and third-largest shares. About two-thirds of the exports of Japanese-owned af filiates were by affiliates in wholesale trade. Manufac turing accounted for the majority of the exports at German- and British-owned firms. Affiliates with UBOs in the Netherlands, the United Kingdom, and Japan more than accounted for the in crease in exports in 2008. The increase in exports by British-owned affiliates was largely accounted for by affiliates in chemicals manufacturing and extractive in dustries. The increase for Netherlands-owned affiliates was largely by affiliates in the petroleum industry. The increase by Japanese-owned affiliates was concentrated in wholesale trade affiliates, particularly those in lum ber and farm products. In contrast, exports by Cana dian- and German-owned affiliates fell substantially. The decrease for Canadian-owned affiliates reflected falling exports of existing mining affiliates and selloffs. The decrease for German-owned firms was due to selloffs. Imports In 2008, imports of goods by U.S. affiliates rose 3 per cent to $566.9 billion. Total U.S. imports of goods rose 7 percent in 2008; as a result, the share of imports ac counted for by affiliates fell slightly to 26.9 percent. The increase in imports in 2008 was more than ac counted for by affiliates in petroleum refining and wholesaling and in chemicals manufacturing. Imports Acknowledgments The 2008 Annual Survey of Foreign Direct Investment in the United States was conducted under the direc tion of Patricia E. Abaroa. Christopher J. Stein and Charles R. Gravitz supervised the processing of the survey. The following staff contributed to the process ing and editing of the survey reports: George M. Bogachevsky, Chester C. Braham, Polly Y. Cheung, Karen M. Dennison, Constance T. Deve, Jessica M. Hanson, Lonnie Hunter, Nazre Jamil, Jonathan M. Kaufman, Julie A. Lampe, Qi C. Lee, Demetria A. McCormick, Gregory L. McCormick, Makia M. Riley, Ronald L. Ross, John R. Starnes, and Daniel K. Wakjira. Computer programming for data estimation, the generation of tables, and disclosure analysis was pro vided by Gary Sowers, Karen E. Poffel, Neeta Kapoor, Dan Powell, and Mingshan Zheng. November 2010 53 S u r v e y o f C u r r e n t B u s in e s s accounted for by affiliates with UBOs in the United Kingdom (18 percent) and Switzerland (17 percent). Among British-owned affiliates, the majority of the R&D was by chemicals and transportation equipment manufacturers. Among Swiss-owned affiliates, the m a jority of the R&D was by pharmaceuticals manufactur ing affiliates. R&D expenditures among British-owned affiliates declined substantially in 2008 because of re ductions in R&D expenditures by pharmaceuticals manufacturers. In 2008, as in previous years, a majority of the R&D performed by affiliates was by affiliates in manufactur ing. W ithin manufacturing, just over half of the R&D was performed by affiliates in chemicals manufactur ing, especially in pharmaceuticals. Affiliates in com puters and electronic products overtook affiliates in transportation equipment to account for the secondlargest share of affiliate R&D. R&D intensity, a measure of the propensity of affiliates to conduct R&D and de fined as the R&D expenditures divided by value added, was highest in these two industries (22 percent for chemicals manufacturing and 34 percent for comput Research and Development ers and electronic products). Among major investing In 2008, majority-owned U.S. affiliates performed countries, R&D intensity was the highest among Swiss$40.5 billion in research and development (R&D), a owned affiliates. slight decrease from 2007 (table 9). In contrast, total Table 10. Research and Development Performed by Majority-Owned by affiliates in transportation equipment m anufactur ing fell significantly. In 2008, Japanese-owned affiliates accounted for the largest share (32 percent) of affiliate imports of goods. The large share is mainly due to affiliates in wholesale trade, who accounted for about two-thirds of the im ports of goods by Japanese-owned affiliates, with transportation equipment wholesalers playing a lead ing role. The largest increases in imports among the leading countries in 2008 were by British- and Netherlandsowned affiliates. Among British-owned affiliates, the increase was most substantial among chemicals m anu facturing affiliates. Among Netherlands-owned affili ates, those in petroleum refining and wholesaling accounted for the majority of the increase. Increased imports by petroleum refining and manufacturing af filiates also accounted for much of the substantial in crease by affiliates of “other” UBO countries, particularly Saudi Arabia. In contrast, imports by Ger man-owned affiliates fell because of the selloffs. Table 9. Research and Development Performed by Majority-Owned U.S. Affiliates and by All U.S. Businesses, 1997-2008 Millions of dollars R&D performed by affiliates1 1997................................................. 1998................................................. 1999................................................. 2000................................................. 2001................................................. 2002 2003 2004. 2005. 2006. 2007. 2008................................................. 17,216 22,375 24,027 26,180 26,463 27,507 29,803 30,083 31,099 34,625 40,967 40,519 R&D performed by all U.S. businesses2 R&D by affiliates as a percentage of R&D by all U.S. businesses 157,739 169,180 182,711 199,539 198,505 193,868 200,724 208,301 226,159 247,669 269,267 283,238 10.9 13.2 13.2 13.1 13.3 14.2 14.8 14.4 13.8 14.0 15.2 14.3 1. For the years 1997-2006, data on U.S. affiliate R&D were collected for nonbank affiliates only. Because it is unlikely that bank affiliates perform significant R&D, the data on R&D performed by affiliates in 1997-2006 are comparable with the data on R&D performed by affiliates in 2007 and 2008. 2. Data are from the National Science Foundation. R&D expenditures by all U.S. businesses rose 5 percent in 2008; as a result, U.S. affiliates’ share of all R&D per formed by all U.S. businesses decreased to 14 percent from 15 percent. Despite the decrease, this share is no tably higher than the affiliate shares of U.S. private in dustry employment or value added. Affiliates of the seven largest investing countries ac counted for more than 80 percent of the R&D per formed by affiliates (table 10). The largest shares were U.S. Affiliates, by Country of UBO and by Industry of Affiliate, 2007 and 2008 R&D performed by affiliates (millions of dollars) Share of the total R&D intensity1 2007 2008 2007 2008 40,967 40,519 100.0 100.0 6.0 6.0 1,574 5,589 5,893 1,729 6,395 9,470 4,416 5,901 1,435 5,978 5,520 1,789 6,926 7,369 4,637 6,865 3.8 13.6 14.4 4.2 15.6 23.1 10.8 14.4 3.5 14.8 13.6 4.4 17.1 18.2 11.4 16.9 2.4 8.8 6.8 3.8 12.7 7.8 5.2 3.6 2.3 10.4 6.7 3.2 14.2 6.8 5.3 4.1 Manufacturing............................................ 30,615 28,190 74.7 69.6 10.5 10.1 Food........................................................ Beverages and tobacco products....... Petroleum and coal products.............. Chemicals.............................................. Plastics and rubber products.............. Nonmetallic mineral products............. Primary m e tals..................................... Fabricated metal products................... Machinery.............................................. Computers and electronic products.... Electrical equipment, appliances, and components...................................... Transportation equipment.................... Other....................................................... (D) 54 (D) 15,908 421 277 67 225 1,939 3,838 557 47 (D) 14,121 424 242 112 252 2,535 4,259 (D) 0.1 (U) 38.8 1.0 0.7 0.2 0.5 4.7 9.4 1.4 0.1 m 34.9 1.0 0.6 0.3 0.6 6.3 10.5 (D) 0.6 <L>) 23.3 3.5 1.3 0.5 2.6 7.6 28.0 3.2 0.3 <U) 21.5 3.7 1.3 0.8 2.7 10.0 33.9 446 5,778 703 499 4,015 (D) 1.1 14.1 1.7 1.2 9.9 (D) 4.1 13.0 4.6 4.6 10.0 Wholesale trade......................................... Information................................................. Professional, scientific, and technical services................................................. Other industries........................................ 6,635 1,252 7,404 2,108 16.2 3.1 18.3 5.2 6.0 3.6 (U) 6.4 5.9 2,021 444 2,347 472 4.9 1.1 5.8 1.2 7.9 0.2 8.7 0.2 2007 All countries and in d u s trie s ............ 2008 By country. Canada....................................................... France......................................................... Germany..................................................... Netherlands............................................... Switzerland................................................ United Kingdom........................................ Japan.......................................................... Other By Industry. D Suppressed to avoid disclosure of data of individual companies. 1. R&D intensity is equal to R&D expenditures divided by value added. 54 N o vem b er 2 0 1 0 U.S. Affiliates of Foreign Companies R e v is io n s The statistics of U.S. affiliate operations in 2008 pre sented in this article are preliminary. The estimates for employment, sales, and expenditures for property, plant, and equipment (capital expenditures) supersede the advance summary estimates for majority-owned affiliates that were released on April 16, 2010 (BEA news release 10-14). From the advance to the prelimi nary statistics, employment was revised up 1.3 percent, sales was revised up 1.2 percent, and capital expendi tures was revised down 1.7 percent. The final statistics of U.S. affiliate operations in 2007 are also presented. The final statistics for employ ment, sales, and expenditures for property, plant, and equipment for 2007 supersede the estimates for m ajor ity-owned affiliates from the April 2010 release and the preliminary estimates that were published in Novem ber 2009 Survey.8 From the advance summary esti mates, to the final statistics, employment was revised up 0.2 percent, sales was revised down 0.4 percent, and capital expenditures was revised down 0.2 percent. From the preliminary estimates to the final estimates, employment was revised up 1.2 percent, sales was re vised up 1.9 percent, and capital expenditures was re vised up 3.7 percent. 8. See T h o m a s W . A n d e r s o n a n d W i l l i a m Z e ile , “ O p e r a t io n s o f U .S . A f f i l ia te s o f F o r e ig n C o m p a n ie s : P r e l i m i n a r y R e s u lts f r o m t h e 2 0 0 7 B e n c h m a r k S u r v e y ,” S u r v e y 8 9 ( N o v e m b e r 2 0 0 9 ) : 4 3 - 6 5 . Data on Foreign Direct Investment in the United States B E A c o lle c t s t w o in v e s t m e n t in in g U .S . d a t a t io n s o f (b a la n c e p o s it io n in v e s t m e n t a ff ilia t e s , a n d In t e r n a t io n a l a t Y e a r e n d 2 0 0 9 : a n d a n d o f 2 0 1 0 ” in E a c h d a t a o f “ U . S . th e s e d ir e c t p r o v id e a f f ilia t e s , a a n d a n d d a t a p ic t u r e t h e p o s it io n a n d d a t a p o s it io n s in , f in a n c ia l a n d a n d d ir e c t d a t a o n t h e a n d o f th e U n it e d a n d in t h e o n a o v e r a ll a c tiv it ie s t r a n s a c t io n s f o r e ig n b o t h n e w a s p e c t o f o p e r a t in g o f t h e a n d U .S . o p e r a t in g o v e r a ll d a t a o p e r a t io n s o f o f U . S . U .S . s u r v e y s U . S . c o m y e a rs . T h e e d a t a t r a d e d a t a o p e r a t in g r e g a r d le s s o f th e in s u b je c t t h e f o r e m o f in a ff il f in a n c e , th e s e o f e n t a n d a d d e d o f s u r v e y s . a re o n o p e r a t io n s p e r c e n t a g e in r e s e a r c h v a lu e a ff ilia t e s e n tir e o s t m a t t e r p lo y m g o o d s , t h e r e p o r t e d m c o v e r U . S . s o u r c e s d a t a o f f o r e ig n B E A ’s in v e s t m e n t a n d a d d it io n , f r o m a re s t a t e m e n t s , e x p e n d it u r e s , In s u r v e y s d ir e c t p a n ie s in c o m c o v e r o f a ff ilia t e s . T h e g r o u p . A s c o l sh a r e , a t e ’s a n d o r t r a n s a c t io n s T h e s e f o r e ig n a f f ilia t e 's U .S . a re f o r e ig n d a t a d a t a . e x is t in g a ff ilia t e s a r k s u r v e y s o f e m p lo y e e s , T h e In t e r n a t io n a l p o s i t i o n p a r e n t a n d a r k f o r e ig n a f is o f th e o w n e r s h ip . U .S . d ir e c t a ff ilia t e 5 a n d e s t im a t e d b a s is . o f e v e r y sta te . f in a n c ia l a n d c a l y e a r in v e s t o r s ’ t r a n s a c a n d T h e b y b e n c h m o f c o v e r a g e d e v e lo p m e n t is S e c o n d s u r v e y s p e n s a t io n a ff ilia t e s d is t in c t a n d c o m a n d B e n c h m s h e e ts J u ly 2 0 1 0 a n n u a l c o n d u c t e d d a t a S u rv e y . f in a n c ia l a re s e le c t e d T r a n s a c t io n s : 2 0 1 0 o f b o t h P o s it io n s In v e s t m e n t D e t a il” B E A ’s in v e s tm e n t . ia t e s ’ b a la n c e P o s it io n a ff ilia t e s .1 F in a n c ia l t e r m s a n d T h e c o v e r in v e s t m e n t in c o m p r e h e n s iv e a r t ic le s in t e r n a t io n a l t io n s th e t r a n s a c th e f o c u s e s o f t h e d ir e c t in “ D ir e c t O c t o b e r le c t e d p u b lis h e d In d u s t r y se ts d ir e c t t r a n s a c t io n s In t e r n a t io n a l t h e d ir e c t o p e r a t f o r e ig n in t e r n a t io n a l p r e s e n t s w e r e in v e s t m e n t . in v e s t m e n t w it h , d a t a o n f in a n c ia l a n d a n d In v e s t m e n t C o u n t r y S u rv e y , f o r e ig n a r t ic le 2 0 0 9 ” Q u a r t e r (2 ) in t e r n a t io n a l p o s it io n S t a t e s d a t a (1 ) p a y m e n t s ) T h e “ T h e f o r o f S ta te s: T h is d a ta . s e ts U n it e d o f d a ta . o p e r a t in g b r o a d th e d ir e c t o t h e r r e s u lt , t h e s e in te r e s t, o v e r a ll in th e s iz e o r le v e l th e U . S . a re a n d d ir e c t c o lle c t e d in v e s tm e n t . t r a n s a c t io n s w it h a d a t a a n d f o c u s a ff ilia t e o f T h e p o s it io n s m e m b e r s d a t a in o f o n it s t h e r a t h e r o p e r a t io n s . in v e s t m t h e d a t a c o v e r w it h it s T h e o n m th e f o r e ig n f o r e ig n f o r e ig n t h a n e n t q u a r t e r ly p a r e n t p a r e n t ’s t h e a ff ili a j o r it e m s 1. F o r a m o r e d e t a ile d d is c u s s i o n o f t h e d if f e r e n c e s b e t w e e n th e s e s e ts o f d a t a , see A l i c i a M . Q u i j a n o , “ A G u i d e t o B E A S ta t is t ic s o n F o r e ig n D ir e c t In v e s tm e n t in 2 9 -3 7 . t h e U n i t e d S ta te s ,” S u r v e y 7 0 ( F e b r u a r y 1 9 9 0 ) : in c lu d e d o f in p a y m e n t s ) flo w s , a n d in t e r n a t io n a l a c c o u n t s d ir e c t a re in v e s t m e n t t r a n s a c t io n s (b a la n c e in v e s t m e n t f in a n c ia l d ir e c t in c o m e . Tables 11.1 through 12.2 follow. November 2010 S u r v e y o f C u r r e n t B u s in e s s 55 Table 11.1. Selected Financial and Operating Data of Majority-Owned U.S. Affiliates, by Industry of Affiliate, 2007 Millions of dollars Millions of dollars Total assets Gross property, plant, and equipment Expenditures for property, plant, and equipment Sales Net income Value added Thousands of U.S. exports Compensation employees of goods shipped by of employees affiliates U.S. imports Research and of goods development shipped to performed by affiliates affiliates (10) (7) (8) A ll in d u s trie s ................................................................................ 12,232,719 1,293,735 189,833 3,340,722 115,084 680,605 408,273 5,588.2 217,560 550,917 40,967 M an ufa ctu rin g ............................................................................................ 1,360,883 507,771 64,466 1,220,715 44,690 292,177 164,604 2,050.7 129,212 211,320 30,615 Food ..................................... Beverages and tobacco products......................................................... Paper.................................... Petroleum and coal products................................................................ 78,418 41,294 10,838 101,269 28,222 10,489 10,661 57,637 2,864 1,234 533 6,901 85,084 26,183 12,915 183,942 1,999 2,951 -194 11,581 18,208 9,512 3,150 30,746 10,103 3,529 2,393 5,076 157.2 52.3 32.6 35.8 10,904 891 1,277 (D) 4,546 1,577 813 51,099 (D) 54 52 (D) Chemicals................................................................................................ Basic chemicals.............. Pharmaceuticals and medicines..................................................... O the r................................ 357,179 75,508 209,103 72,569 120,722 52,246 41,457 27,020 9,788 2,215 4,802 2,771 260,109 73,258 127,147 59,704 21,917 574 19,494 1,850 68,381 10,983 44,281 13,117 35,534 5,480 22,492 7,562 305.4 48.5 168.8 88.1 27,197 9,360 10,063 7,775 38,991 14,550 18,197 6,244 15,908 603 14,331 974 Plastics and rubber products................................................................ Nonmetallic mineral products............................................................... Primary and fabricated metals Primary metals............... Fabricated metal products................................................................ 33,594 101,585 84,571 58,644 25,927 22,215 60,063 38,357 25,667 12,690 1,794 5,992 4,336 3,144 1,192 42,729 59,027 85,173 56,133 29,040 454 1,589 4,002 2,534 1,467 12,148 21,790 21,467 12,749 8,718 8,398 11,602 12,220 6,389 5,831 134.3 166.8 171.7 84.1 87.5 3,991 1,269 7,449 4,927 2,522 7,151 1,806 8,058 5,253 2,805 421 277 292 67 225 Machinery............................. (1) (2) (3) (4) (5) (6) (9) (11) 124,049 22,227 2,185 87,143 3,405 25,527 19,214 221.2 11,230 12,394 1,939 Computers and electronic products...................................................... Semiconductors and other electronic components....................... Navigational, measuring, and other instruments........................... O the r................................................................................................... 82,666 30,709 11,993 39,964 22,011 12,345 2,629 7,038 1,472 752 214 506 56,175 22,849 8,052 25,275 -2,833 1,047 555 -4,435 13,693 5,415 2,952 5,326 10,480 3,466 1,902 5,111 138.8 50.7 24.9 63.2 13,333 7,019 1,885 4,429 13,320 5,792 1,131 6,396 3,838 683 351 2,804 Electrical equipment, appliances, and components.......................... Transportation equipment...................................................................... Motor vehicles, bodies and trailers, and parts................................ O the r................................................................................................... O the r........................................................................................................ (D) 250,630 190,842 59,788 (D) 8,428 86,496 74,578 11,918 20,243 1,043 23,913 22,203 1,710 2,411 30,422 253,625 208,348 45,277 38,187 2,345 -1,251 -2,329 1,078 -1,274 10,903 44,396 28,528 15,869 12,254 7,311 30,002 17,826 12,177 8,742 74.7 419.4 253.4 166.0 140.4 3,226 37,674 30,175 7,499 (D) 5,454 61,911 57,053 4,858 4,200 446 5,778 2,441 3,336 651 W holesale tra d e ........................................................................................ Motor vehicles and motor vehicle parts and supplies........................ Electrical goods...................................................................................... Petroleum and petroleum products...................................................... O ther........................................................................................................ 630,246 154,824 87,632 176,030 211,759 267,884 89,198 20,856 111,810 46,019 43,602 22,217 3,128 12,900 5,357 947,552 187,384 126,556 309,038 324,575 24,199 4,032 966 8,358 10,843 110,338 18,478 16,007 24,400 51,453 54,457 7,349 11,553 5,546 30,008 661.9 86.8 126.7 48.9 399.6 79,424 10,915 13,809 15,545 39,155 321,797 95,443 62,414 50,667 113,272 6,635 464 2,146 (D) (D) Retail tra d e .................................................. .............................................. Food and beverage stores..................................................................... O th e r........................................................................................................ 69,634 31,960 37,675 43,362 27,689 15,674 5,253 2,789 2,464 138,021 81,260 56,761 4,108 3,329 779 32,178 18,943 13,235 17,984 10,487 7,497 529.7 300.9 228.9 656 1 654 6,766 (D) (D) (D) 0 (D) 235,697 75,883 86,957 72,857 48,572 6,250 34,781 7,540 6,050 637 4,427 986 90,545 35,406 31,203 23,937 7,007 1,625 1,054 4,328 34,814 14,972 10,723 9,119 21,716 10,554 3,762 7,401 233.5 116.5 53.0 64.0 1,011 (D) (D) 126 370 (D) 50 (D) 1,252 907 (D) (D) 9,001,233 3,344,559 4,062,186 1,594,488 63,723 14,478 34,884 14,360 13,894 1,214 11,238 1,443 559,782 180,151 233,461 146,170 -4,349 -3,861 -11,459 10,972 70,132 26,678 22,015 21,439 62,600 11,282 35,408 15,910 382.1 113.5 146.5 122.2 Rental and leasing (except real estate)............................................... 135,927 107,396 28,531 99,570 87,657 11,913 11,996 10,241 1,755 31,569 24,984 6,585 3,254 2,639 615 13,425 9,968 3,457 Professional, scie ntific, and technical s e rv ic e s ................................ Architectural, engineering, and related services................................ Computer systems design and related services................................ Management, scientific, and technical consulting.............................. O the r........................................................................................................ 113,998 17,611 28,230 12,064 56,093 13,466 3,241 3,964 518 5,742 1,668 287 597 177 607 72,320 13,234 20,778 4,159 34,149 2,004 366 389 289 959 25,665 5,125 9,140 1,979 9,422 21,638 4,176 8,064 1,703 7,695 239.2 52.7 84.2 14.4 87.9 541 (D) 41 3 (D) 416 227 10 (D) (D) 2,021 322 390 5 1,305 Other in du strie s......................................................................................... Mining......... Utilities........ Construction Transportation and warehousing.......................................................... Administration, support, and waste management............................. Health care and social assistance........................................................ Accommodation and food services...................................................... O th e r........................................................................................................ 685,101 109,041 101,257 35,941 78,702 57,321 (D) 36,264 (D) 249,388 78,392 69,575 10,485 41,365 12,660 3,250 20,033 13,628 42,903 19,876 8,795 3,189 6,498 1,434 440 1,576 1,095 280,218 39,317 49,535 48,848 57,903 39,208 9,246 25,551 10,611 34,170 6,290 747 -325 1,321 1,874 487 226 23,549 101,876 23,927 10,091 8,561 15,411 22,868 4,910 13,085 3,022 62,807 6,744 2,776 7,104 12,543 17,397 3,410 9,936 2,897 1,452.6 70.4 34.4 79.8 247.5 521.6 65.0 355.9 77.9 6,560 4,714 (D) 159 408 (D) (D) (*) 528 9,825 3,573 5,125 219 (D) (D) (D) 1 153 387 132 1 (D) (D) (D) (D) (*) 89 In fo rm a tio n ................ Publishing industries Telecommunications O the r....................... Finance and in s u ra n c e ........................................................................... Depository credit intermediation (banking).......................................... Finance, except depository institutions............................................... Insurance carriers and related activities.............................................. Real estate and rental and leasing (*) Less than $500,000. D Suppressed to avoid disclosure of data on individual companies. 38.4 2,468 Real estate....................................... 1,147 21.3 17.2 1,321 (D)0 (D) (D) 0 0 (D) O 0 (D) (*) (D) (D) (D) 10 0 10 (*) (D)1 (D) 56 U.S. Affiliates of Foreign Companies November 2010 Table 11.2. Selected Financial and Operating Data of Majority-Owned U.S. Affiliates, by Industry of Affiliate, 2008 Millions of dollars Total assets Gross property, plant, and equipment (1) (2) Millions of dollars Expenditures for property, plant, and equipment Sales Net income (3) (4) (5) Value added Compensation of employees (6) Thousands of U.S. exports employees of goods shipped by affiliates U.S. imports Research and of goods development shipped to performed by affiliates affiliates (7) (8) 0) (10) 670,284 408,453 5,593.5 232,413 566,925 40,519 (11) A ll in d u strie s............................................................................... 11,671,560 1,442,375 187,487 3,448,568 -4,118 M anufa ctu rin g .......................................................................................... 1,500,219 558,736 58,265 1,288,552 14,800 280,329 166,749 2,115.5 131,300 223,993 28,190 Fo od .......................................... Beverages and tobacco products....................................................... Paper......................................... Petroleum and coal products.. 79,871 96,861 11,026 115,965 30,205 20,215 11,188 69,207 2,909 1,368 535 10,855 93,263 38,098 13,781 226,817 2,787 3,712 -128 4,480 17,345 16,488 3,182 22,040 9,278 5,692 2,260 5,216 169.6 67.6 32.0 38.1 11,023 990 1,618 (D) 5,164 1,962 1,185 63,080 557 47 43 (D) Chemicals.............................................................................................. Basic chemicals................... Pharmaceuticals and medicines..................................................... O th e r.................................... 375,916 77,583 224,890 73,442 127,734 54,436 45,605 27,693 10,222 2,790 4,713 2,719 267,418 76,783 128,049 62,586 8,513 -650 8,311 852 65,577 9,675 43,071 12,832 35,027 5,415 22,307 7,305 305.8 49.8 171.3 84.7 30,048 10,130 12,385 7,533 46,827 15,657 23,105 8,065 14,121 670 12,537 914 Plastics and rubber products., Nonmetallic mineral products............................................................. Primary and fabricated metals Primary m etals.................... Fabricated metal products.. 38,295 103,367 106,130 77,524 28,606 23,596 67,025 46,515 33,433 13,082 1,739 4,990 5,494 4,413 1,081 45,020 57,089 100,600 71,326 29,274 -580 -1,181 1,144 -2 9 1,173 11,611 19,109 23,242 13,952 9,290 8,322 11,716 14,027 7,857 6,171 132.6 157.1 178.3 92.4 85.9 4,541 1,431 8,563 6,152 2,410 7,796 1,277 7,748 4,682 3,067 424 242 364 112 252 Machinery................................. 123,445 23,343 2,813 94,887 1,698 25,474 19,115 241.3 14,257 11,705 2,535 Computers and electronic products.................................................... Semiconductors and other electronic components..................... Navigational, measuring, and other instruments......................... O th e r.................................................................................................. 99,150 28,821 13,696 56,633 20,915 11,214 2,467 7,234 1,428 674 259 496 60,476 22,129 8,954 29,393 -6,302 884 548 -7,734 12,578 4,706 3,385 4,486 11,071 3,464 1,793 5,815 164.7 49.7 26.8 88.3 13,229 6,595 2,214 4,420 12,823 4,950 1,179 6,694 4,259 783 406 3,070 Electrical equipment, appliances, and components........................ Transportation equipment.................................................................... Motor vehicles, bodies and trailers, and p arts.............................. O th e r.................................................................................................. O the r...................................................................................................... 45,603 245,902 189,185 56,717 58,688 9,205 88,517 76,027 12,490 21,072 1,086 12,555 11,125 1,430 2,271 31,792 219,616 166,165 53,451 39,694 2,448 -1,482 -2,454 973 -310 10,795 40,292 24,128 16,164 12,597 7,363 29,132 16,284 12,848 8,531 75.4 420.5 249.1 171.4 132.5 3,236 26,574 19,899 6,675 (D) 5,476 54,218 49,061 5,157 4,732 499 4,015 1,444 2,571 (D) W holesale tra d e ....................................................................................... Motor vehicles and motor vehicle parts and supplies...................... Electrical goods..................................................................................... Petroleum and petroleum products..................................................... O th e r...................................................................................................... 695,840 172,303 96,195 188,072 239,270 287,568 92,889 22,307 124,441 47,930 47,913 19,055 2,898 20,150 5,810 1,019,137 189,130 132,091 364,985 332,932 22,913 3,275 -2,868 13,537 8,969 116,400 17,706 16,856 31,795 50,043 55,753 8,027 11,964 5,735 30,027 648.8 82.7 130.7 43.1 392.2 89,824 11,896 15,939 19,267 42,722 322,319 95,744 64,165 49,974 112,437 7,404 357 2,406 (D) (D) Retail tra d e ................................................................................................ Food and beverage stores................................................................... O the r...................................................................................................... 68,003 31,270 36,733 41,430 26,719 14,711 4,497 2,455 2,042 120,905 67,607 53,299 1,485 1,321 164 27,468 16,685 10,783 14,469 8,321 6,147 464.4 273.0 191.5 700 4 696 7,303 (D) (D) (D) 0 (D) Inform ation................................................................................................ Publishing industries............................................................................. Telecommunications............................................................................. O the r.............. 254,337 97,448 82,866 74,024 53,351 6,802 38,330 8,219 7,097 748 5,270 1,079 101,672 40,415 35,515 25,742 -1,106 -3,309 527 1,675 35,771 14,119 11,347 10,305 23,517 11,420 4,113 7,984 249.1 122.1 59.2 67.8 968 (D) (D) 127 644 544 48 52 2,108 1,760 (D) (D) Finance and in surance........................................................................... Depository credit intermediation (banking)....................................... Finance, except depository institutions.............................................. Insurance carriers and related activities............................................ 8,111,541 3,327,327 3,296,619 1,487,595 75,019 20,411 39,698 14,910 14,790 1,867 11,694 1,229 494,441 158,372 189,366 146,702 -63,322 -13,469 -34,303 -15,550 61,996 23,756 9,001 29,238 56,720 12,196 28,845 15,679 407.5 128.2 147.8 131.5 0 0 0 0 (*) 0 0 (*) 8 0 7 1 Real estate and rental and leasing...................................................... Real estate............................................................................................ Rental and leasing (except real estate)............................................. 140,526 116,194 24,332 109,793 97,501 12,292 10,705 8,837 1,868 24,925 18,094 6,831 -781 -807 27 13,171 9,686 3,485 2,759 1,400 1,359 39.4 23.4 16.0 (D) (D) (D) (D) (D) Professional, scie ntific, and technical s e rv ic e s .............................. Architectural, engineering, and related services.............................. Computer systems design and related services............................... Management, scientific, and technical consulting........................... O th e r...................................................................................................... 120,883 20,195 29,354 11,362 59,972 14,631 3,362 4,213 910 6,146 1,819 322 488 433 576 78,727 14,824 23,604 4,431 35,868 2,449 455 313 498 1,183 26,870 5,518 9,413 1,746 10,193 22,525 4,293 8,369 1,794 8,068 248.3 55.7 86.5 15.9 90.3 565 (D) (D) 4 (D) 348 145 6 (D) (D) 2,347 279 311 5 1,752 O ther in d u s trie s ....................................................................................... Mining..................................................................................................... Utilities.................................................................................................... Construction...................................................... Transportation and warehousing.................... Administration, support, and waste management............................ Health care and social assistance.................. Accommodation and food services................ O th e r.................................................................. 780,211 136,329 152,889 34,617 87,402 55,605 13,641 37,171 262,557 301,848 93,790 98,249 9,932 48,182 13,496 3,578 20,584 14,037 42,401 16,971 12,138 2,500 5,639 1,430 497 1,559 1,667 320,210 48,456 64,568 51,545 65,997 40,019 10,102 27,148 12,375 19,444 8,148 -1,422 -503 -1,343 2,007 515 410 11,632 108,280 25,907 12,740 7,450 17,828 21,387 5,263 13,819 3,885 65,960 7,125 4,090 6,617 14,598 16,247 3,735 10,431 3,119 1,420.5 76.1 50.2 73.4 233.5 475.2 68.4 366.1 77.5 (D) 6,390 (D) 5,437 5,560 219 (D) 410 170 8 15 (D) (D) (D) (D) (D) 1 139 (D) (D) (*) (*) Less than $500,000. D Suppressed to avoid disclosure of data on individual companies. (D)0 (D) (D) (D) (*) 544 (D)2 87 November 2010 S urvey 57 C u r r e n t B u s in e s s of Table 12.1. Selected Data of Majority-Owned U.S. Affiliates, by Country of Ultimate Beneficial Owner, 2007 Millions of dollars Millions of dollars Total assets Gross property, plant, and equipment Expenditures for property, plant, and equipment Sales Net income Value added Thousands of U.S. exports employees of goods Compensation shipped by of employees affiliates U.S. imports Research and of goods development shipped to performed by affiliates affiliates (5) (6) (7) (8) (9) (10) A ll c o u n trie s ................................................................................ 12,232,719 1,293,735 189,833 3,340,722 115,084 680,605 408,273 5,588.2 217,560 550,917 Canada ....................................................................................................... 1,056,121 134,463 20,864 250,887 9,054 64,310 36,566 546.0 11,492 35,057 1,574 E urop e ........................................................................................................ B elgium .................................................................................................. Denmark................................................................................................. Finland..................................................................................................... France ..................................................................................................... 9,280,830 156,105 28,572 (D) 1,324,643 740,059 13,996 5,063 4,575 73,926 110,087 1,570 842 419 7,068 2,039,602 46,173 14,531 19,862 264,887 70,643 2,455 254 621 8,941 430,651 14,671 3,512 3,866 63,392 270,544 5,298 2,423 2,587 41,472 3,627.3 143.5 23.5 27.4 544.2 114,039 1,826 998 1,321 11,020 208,007 3,826 4,357 7,439 17,841 31,330 353 368 371 5,589 Germany................................................................................................. Ireland..................................................................................................... Italy... Netherlands............................................................................................ 1,832,881 58,511 137,931 969,227 201,889 11,179 25,087 74,367 43,412 874 7,404 8,664 449,334 24,404 36,750 326,904 1,711 204 374 14,136 87,013 7,105 8,239 45,200 55,937 4,788 4,708 27,376 653.1 68.4 81.4 370.9 42,253 294 3,494 13,549 71,322 462 6,099 33,336 5,893 257 358 1,729 S pain....................................................................................................... Sweden Switzerland.. United Kingdom..................................................................................... O th e r........... 258,506 81,635 2,015,797 2,269,210 (D) 11,131 14,312 53,458 222,308 28,768 2,057 1,545 6,733 22,486 7,012 25,316 51,744 225,886 510,593 43,219 555 1,115 -1,443 42,168 -447 4,497 13,614 50,315 120,864 8,363 2,659 9,032 39,070 70,788 4,406 58.6 191.8 406.8 977.2 80.5 964 5,459 8,233 22,663 1,965 877 6,843 15,464 34,746 5,394 40 388 6,395 9,470 119 Latin Am erica and O ther Western Hem isphere................................ 424,325 70,198 9,188 181,709 9,659 50,030 28,842 376.4 10,597 36,113 1,666 South and Central Am erica.................................................................. Brazil ........................................................................................... Mexico Venezuela Other , 100,128 29,156 33,659 22,894 14,418 24,407 4,879 9,154 (D) (D) 3,124 1,184 1,112 (D) (D) 94,074 24,783 19,934 (D) (D) 3,079 76 838 (D) (D) 17,336 2,690 5,310 6,489 2,847 7,437 1,588 2,799 779 2,271 129.8 30.1 43.8 6.4 49.4 4,009 1,828 951 (D) (D) 30,884 5,613 3,665 (D) (D) (D) (*) 6 0 (D) Other Western Hemisphere.................................................................. Bermuda................ ............................................................................ United Kingdom Islands, Caribbean............................................... O the r.................................................................................................. 324,196 207,205 106,618 10,374 45,791 33,709 7,580 4,501 6,064 4,441 1,002 621 87,635 61,731 17,285 8,619 6,580 3,651 1,635 1,294 32,695 22,335 5,039 5,321 21,405 15,595 2,898 2,911 246.6 190.3 31.8 24.5 6,588 (D) 218 (D) 5,230 (D) (D) 265 (D) (D) (D) (D) A fr ic a .......................................................................................................... South Africa............................................................................................ Other 5,228 3,467 1,760 3,902 3,553 348 120 96 24 7,222 (D) (D) -1 6 (D) (D) 1,144 1,087 58 695 651 44 7.4 6.9 0.5 567 (D) (D) 186 185 1 (D) (D) 0 Middle East Israel........................................................................................................ Saudi Arabia............ United Arab Em irates........................................................................... O ther........................ 121,750 54,080 30,629 21,419 15,622 35,125 3,819 15,512 7,543 8,251 4,816 548 1,635 863 1,770 79,445 15,011 48,595 6,755 9,085 3,540 230 3,059 318 -6 8 15,166 3,172 8,275 991 2,729 4,429 1,412 957 582 1,477 73.7 20.8 7.4 17.9 27.6 2,197 238 1,654 87 218 (D) 1,813 (D) 138 496 306 149 108 0 49 A sia and P acific........................................................................................ Australia.................................................................................................. China Hong Kong.............................................................................................. India......................................................................................................... Japan....................................................................................................... Korea, Republic o f................................................................................. Singapore............................................................................................... Taiwan.................................................................................................... Other 1,258,150 146,728 5,718 13,076 (D) 986,593 37,518 18,845 32,856 (D) 279,287 49,634 409 5,563 1,408 199,171 12,609 2,742 5,299 2,452 43,122 4,370 42 587 428 34,356 2,647 294 246 153 713,591 40,420 2,139 12,888 7,381 564,530 58,656 9,493 12,512 5,572 20,754 5,753 124 64 8 13,786 338 275 266 141 108,520 11,050 159 2,552 1,776 84,535 3,595 1,930 1,584 1,338 60,797 5,765 98 1,588 1,530 47,079 1,670 1,267 967 832 888.4 76.5 1.4 26.2 26.5 682.1 24.8 19.8 15.9 15.3 68,467 3,062 21 582 357 52,196 10,248 698 959 344 233,062 2,238 153 2,845 546 182,407 38,060 1,230 3,717 1,865 5,069 170 0 (D) 6 4,416 215 69 110 (D) 86,315 30,702 1,636 68,266 1,450 10,782 6,401 69.0 10,201 (D) (D) 7,234,894 84,368 670,879 36,893 99,063 4,253 1,786,783 97,730 72,519 5,634 376,066 16,670 229,341 2,578 3,194.9 35.3 104,436 (D) 189,242 (D) 24,854 108 (1) United States Addenda: European Union (2 7 )1......................................................................... OPEC 2................................................................................................... (2) (3) (4) (11) 40,967 (*) Less than $500,000. D Suppressed to avoid disclosure of data on individual companies. 1. The European Union (27) comprises Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, the United Kingdom. 2. OPEC is the Organization of Petroleum Exporting Countries. In 2007, its members were Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. Ecuador rejoined OPEC in November 2007, but is not included as a member in this annual tabulation. U.S. Affiliates of Foreign Companies 58 November 2010 Table 12.2. Selected Data of Majority-Owned U.S. Affiliates, by Country of Ultimate Beneficial Owner, 2008 Millions of dollars Millions of dollars Total assets Gross property, plant, and equipment (1) (2) Expenditures for property, plant, and equipment Sales Net income (4) Value added Thousands of U.S. exports employees Compensation of goods of employees shipped by affiliates U.S. imports Research and of goods development shipped to performed by affiliates affiliates (5) (6) (7) (8) (9) (10) 1,442,375 187,487 3,448,568 -4,118 670,284 408,453 5,593.5 232,413 566,925 153,428 19,304 256,319 2,186 62,554 35,651 515.9 9,557 33,932 1,435 8,590,080 241,723 41,045 55,442 1,263,179 829,422 25,452 6,274 5,059 79,615 107,725 2,467 647 327 7,428 2,063,938 66,702 16,228 20,500 278,483 -15,099 -6,463 154 503 2,762 423,365 17,294 4,011 4,407 57,521 266,218 8,609 2,905 2,960 40,827 3,614.5 179.3 26.8 31.5 550.2 120,466 1,960 1,267 1,713 12,217 214,937 4,251 4,898 7,658 19,402 30,276 470 418 587 5,978 Germany.................................................................................................. Ireland..................................................................................................... Italy.......................................................................................................... Netherlands............................................................................................ 1,583,013 88,431 174,812 883,357 215,943 12,172 26,552 79,796 32,685 1,064 3,554 9,976 394,109 27,784 38,577 331,578 -11,458 -1,288 1,383 -1,687 82,445 6,681 9,012 56,173 52,311 4,657 4,871 26,241 614.2 66.2 86.5 371.5 34,547 224 3,708 19,373 65,472 514 5,879 37,259 5,520 280 391 1,789 S pain....................................................................................................... Sweden............ Switzerland..... United Kingdom...................................................................................... O th e r............... 265,285 70,690 1,654,932 2,171,515 96,655 24,688 14,816 61,274 240,229 37,551 4,398 1,439 6,712 29,921 7,107 31,599 51,747 212,525 543,771 50,335 -809 995 -12,792 16,519 -2,919 6,176 13,446 48,836 108,820 8,544 3,930 9,000 36,496 68,181 5,232 66.8 181.5 394.4 957.4 88.5 1,135 5,398 9,142 27,726 2,057 1,436 6,934 16,252 39,027 5,952 54 321 6,926 7,369 175 Latin Am erica and O ther Western H e m isphere................................ 401,953 81,334 9,568 197,282 3,360 51,391 30,997 377.4 11,788 37,882 1,796 South and Central A m erica.................................................................. B ra zil................................................................................................... Mexico................................................................................................ Venezuela.................................................................................... ...... Other 110,363 36,212 36,988 21,523 15,640 31,659 7,259 12,946 (D) (D) 3,410 1,141 855 (D) (D) 102,141 29,156 20,879 (D) (D) 578 -1,189 614 (D) (D) 16,949 3,805 5,858 5,062 2,224 7,633 2,162 2,946 765 1,759 114.0 42.2 46.2 6.4 19.3 32,070 3,950 3,565 (D) (D) (D) (*) 9 0 (D) Other Western Hemisphere.................................................................. Bermuda............... .'............................................................................ United Kingdom Islands, Caribbean............................................... O the r................................................................................................... 291,590 238,206 40,988 12,396 49,676 36,680 8,015 4,981 6,158 3,885 1,458 814 95,141 70,890 12,828 11,423 2,782 1,632 238 911 34,442 24,494 4,486 5,463 23,364 17,530 2,636 3,198 263.4 208.5 30.1 24.8 5,268 2,553 1,086 (D) (D) 6,520 (D) 112 (D) 5,812 (D) (D) 158 (D) 1,224 108 (D) Africa South Africa............................................................................................ O the r... 5,116 3,732 1,384 3,794 3,709 86 188 177 11 7,443 (D) (D) 204 (D) (D) 1,257 1,249 7 625 606 20 6.6 6.5 0.2 797 797 176 176 (D) (D) (D) Middle East................................................................................................ Israel........................................................................................................ Saudi Arabia........................................................................................... United Arab Emirates............................................................................ O th e r....................................................................................................... 135,980 66,001 26,224 22,849 20,906 43,336 6,776 18,096 8,921 9,542 6,851 852 (D) 1,011 (D) 96,610 17,463 65,727 4,143 9,278 -5,845 -2,078 -788 -2,543 -435 11,519 2,349 5,773 853 2,543 4,472 1,489 841 561 1,581 77.4 23.7 7.0 18.3 28.3 2,256 265 1,550 156 285 (D) 2,192 (D) 97 723 356 201 107 0 49 Asia and Pacific Australia................................................................................................... China... Hong Kong.............................................................................................. India......................................................................................................... Japan....................................................................................................... Korea, Republic o f................................................................................. Singapore............................................................................................... Taiwan. O the r....................................................................................................... 1,351,370 169,185 6,583 13,589 (D) 1,026,574 41,213 34,942 33,180 (D) 298,518 50,607 681 5,742 2,424 212,674 14,498 2,828 5,181 3,884 42,139 3,589 54 556 616 33,745 2,887 185 194 314 748,908 40,873 2,776 12,805 9,355 590,923 58,741 12,444 11,248 9,743 10,612 3,517 -1 3 131 123 8,623 -1,657 83 -151 -4 4 109,509 10,569 230 2,346 2,338 87,651 1,966 1,149 1,351 1,908 63,741 5,249 154 1,443 1,837 49,326 2,002 1,325 1,098 1,307 928.8 81.5 2.4 25.2 30.3 691.0 27.4 32.0 16.8 22.3 77,411 3,572 28 659 573 60,031 10,849 273 794 634 232,795 2,170 167 2,537 505 183,836 37,928 566 3,042 2,046 5,444 140 8 (D) 10 4,637 261 120 120 United States............................................................................................. 92,014 32,543 1,712 78,068 464 10,690 6,749 72.8 10,138 (D) (D) Addenda: European Union (2 7 )1 .......................................................................... OPEC 2.................................................................................................... 6,881,802 81,613 746,201 42,175 96,832 6,237 1,816,863 115,241 -1,089 -2,398 369,712 12,268 226,932 2,440 3,186.4 35.5 110,011 (D) 194,946 (D) 23,223 (D) A ll co u n trie s................................................................................. 11,671,560 Canada........................................................................................................ 1,095,047 E uro p e .... Belgium Denmark Finland., France...................................................................................................... (3) (*) (11) 0 40,519 (D) (*) Less than $500,000. D Suppressed to avoid disclosure of data on individual companies. 1. The European Union (27) comprises Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, the United Kingdom. 2. OPEC is the Organization of Petroleum Exporting Countries. In 2008, its members were Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. 14. Issue Date for Circulation Data Below 13. Publication Title 1 Publication Title 3. Filing Date 2. Publication Number S U R V E Y O F C U R R E N T B U S IN E S S 3 t. Issue Frequency 3 7 . 7 9 0 5. Number Of issues Published Annually M onthly 12 7. 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PS Form 3 5 2 6 , September 2007 (Page 2 of 3) g U.S. Departmeot of Commerce B u r e a u o f E c o n o m ic A n a ly sis a - B E A o n th e W e b U.S. Economy at a Glance Latest statistics Interactive tables and charts FAQs News releases and publications Resources w w w .b e a .g o v D-1 November 2010 BEA C u rre n t a n d H is to ric a l D a ta 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 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. S u r v e y o f C u r r e n t B u s in e s s 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-19 3. Government current receipts and expenditures ...D-24 4. Foreign transactions...............................................D-35 5. Saving and investment...........................................D-39 6. Income and employment by industry.................. D-46 7. Supplemental tables................................................D-4 7 B. NIPA-related table B.l Personal income and its disposition [A, M ]......D-50 C. Historical measures [A, Q] C.l GDP and other major NIPA aggregates............. D-51 D. Charts Selected NIPA series...................................................D-55 Industry Data E. Industry table E.l Value added by industry [A]................................D-61 International Data F. Transactions tables F. 1 U.S. international transactions in goods and services [A, M ]...........................................D-62 F.2 U.S. international transactions [A, Q]................ D-63 F.3 U.S. international transactions by area [Q]........D-64 F.4 Private services transactions [A]..........................D-67 G. Investment tables [A] G.l U.S. international investment position............. D-68 G.2 USDIA: Selected items........................................D-69 G.3 Selected financial and operating data of foreign affiliates of U.S. companies............................D-70 G.4 FDIUS: Selected items.........................................D-71 G.5 Selected financial and operating data of U.S. affiliates of foreign companies...................... D-72 H. Charts The United States in the international economy.....D-73 Regional Data I. State and regional tables 1.1 Personal income [Q].............................................D-74 1.2 Personal income and per capita personal income [A]..........................................D-75 1.3 Disposable personal income and per capita disposable personal income [A].......................D-76 1.4 Gross domestic product by state [A]................... D-77 J. Local area tables 1.1 Personal income and per capita personal income by metropolitan area [A]..................................D—78 1.2 Gross domestic product by metropolitan area for industries [A]...............................................D-83 K. Charts Selected regional estimates.........................................D-87 Appendixes A. Additional information about the NIPA estimates Statistical conventions................................................D-89 Reconciliation table [A, Q ]........................................D-90 B. Suggested reading...............................................D-91 D-2 November 2010 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 October 29, 2010. These estimates include the “advance” estimates for the third quarter of 2010. 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 no tification of the release, go to www.bea.gov and subscribe. The “Selected NIPA Tables” are available later that day. 1. Domestic Product and Income Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product Table 1.1.2. Contributions to Percent Change in Real Gross Domestic Product [Percent] Seasonally adjusted at annual rates Line 2008 2009 2009 III Gross dom estic p ro d u c t........ Personal consum ption e xp e n d itu re s ................................. Goods.............................................. Durable goods........................... Nondurable goods..................... S ervices.......................................... Gross private dom estic in vestm ent..................................... Fixed investment............................ Nonresidential........................... Structures............................... Equipment and software....... Residential.................................. 1 0.0 -2 .6 IV 1.6 Seasonally adjusted at annual rates 2010 I II Line / 8 9 10 11 12 n 2009 III 5.0 3.7 1.7 2.0 Percent change at annual rate: 2.2 3.4 6.8 1.9 1.6 2.6 2.8 6.1 1.3 2.5 Percentage poin ts at annual rates: -0.3 -2.5 -5 .2 -1.1 0.9 -1 .2 -2 .0 -3 .7 -1 .2 -0 .8 2.0 7.2 20.1 1.7 -0.5 0.9 1.7 -1.1 3.1 0.5 1.9 5.7 8.8 4.2 0.1 -9 .5 -6 .4 0.3 5.9 -2 .4 -24.0 -22.6 -18.3 -17.1 -20.4 -15.3 -22.9 11.8 0.7 -1 .7 -12.4 4.2 10.6 26.7 -1 .3 -1 .4 -29.2 14.6 -0 .8 29.1 3.3 7.8 -17.8 20.4 -12.3 26.2 18.9 17.2 -0.5 24.8 25.7 12.8 0.8 9.7 3.9 12.0 -29.1 Net exports o f goods and services Exports............................................ Goods.......................................... S ervices..................................... Im ports............................................ G oods.......................................... S ervices..................................... 14 1b 16 17 18 19 20 6.0 6.3 5.3 -2 .6 -3 .5 2.4 -9 .5 -12.0 -3 .9 -13.8 -15.8 -4 .2 12.2 18.7 0.1 21.9 27.4 1.5 24.4 31.7 10.2 4.9 6.2 -0 .5 11.4 14.0 5.8 11.2 12.0 7.8 9.1 11.5 3.9 33.5 40.5 4.3 5.0 3.4 8.6 17.4 18.1 14.1 G overnment c o nsum ption expenditures and gross investm ent..................................... Federal........ National defense........................ Nondefense State and local................................ 21 22 23 24 25 2.8 7.3 7.5 6.7 0.3 1.6 5.7 5.4 6.5 -0 .9 1.6 5.7 9.0 -0.9 -1 .0 -1 .4 0.0 -2 .5 5.6 -2 .3 -1.6 1.8 0.4 5.0 -3 .8 3.9 9.1 7.4 12.8 0.6 3.4 8.8 8.5 9.6 -0 .2 Addendum : Gross domestic product, current dollars.......................................... 26 2.2 -1 .7 2.3 4.7 4.8 3.7 4.2 2009 III 2010 IV I II III 1 0.0 -2.6 1.6 5.0 3.7 1.7 2.0 Personal consum ption e xp e n d itu re s ................................. Goods.............................................. Durable goo ds........................... Nondurable g oo d s..................... Services........................................... 2 3 4 5 6 -0.18 -0.60 -0 .42 -0.18 0.41 -0.84 -0.46 -0 .27 -0.18 -0.38 1.41 1.62 1.35 0.27 -0.21 0.69 0.42 -0.07 0.49 0.27 1.33 1.29 0.62 0.67 0.03 1.54 0.79 0.49 0.31 0.75 1.79 0.64 0.44 0.20 1.15 G ross private dom estic in vestm en t..................................... Fixed investment............................ Nonresidential............................ Structures............................... Equipment and software...... Residential.................................. Change in private inventories...... 7 8 9 10 11 12 13 -1.53 -1.02 0.03 0.22 -0.19 -1.05 -0.51 -3.24 -2.69 -1.96 -0.81 -1.15 -0.74 -0.55 1.22 0.12 -0.13 -0.41 0.28 0.25 1.10 2.70 -0.12 -0.10 -1.01 0.91 -0.02 2.83 3.04 0.39 0.71 -0.53 1.24 -0.32 2.64 2.88 2.06 1.51 -0.01 1.52 0.55 0.82 1.54 0.10 0.91 0.10 0.80 -0.80 1.44 Net e xpo rts of goods and services E xports............................................ G oods.......................................... Services...................................... Imports............................................. G oods.......................................... Services...................................... 14 15 16 17 18 19 20 1.18 0.72 0.53 0.19 0.46 0.52 -0.07 1.13 -1.18 -1.04 -0.15 2.32 2.20 0.12 -1.37 1.30 1.29 0.01 -2.67 -2.64 -0.03 1.90 2.56 2.19 0.37 -0.66 -0.68 0.02 -0.31 1.30 1.09 0.21 -1.61 -1.41 -0.20 -3.50 1.08 0.93 0.15 -4.58 -4.46 -0.12 -2.01 0.61 0.29 0.32 -2.61 -2.25 -0.37 G overnment c o nsum ption expenditures and gross in vestm en t..................................... Federal............................................. National defense........................ Nondefense................................ State and local................................ 21 22 23 24 25 0.54 0.51 0.36 0.15 0.04 0.32 0.43 0.27 0.16 -0.11 0.33 0.45 0.48 -0.03 -0.12 -0.28 0.01 -0.13 0.14 -0.29 -0.32 0.15 0.02 0.13 -0.48 0.80 0.72 0.40 0.32 0.08 0.68 0.71 0.46 0.25 -0.03 G ross dom estic p ro d u c t........ 3 4 5 6 2008 November 2010 Survey of D-3 C u r r e n t B u s in e s s Table 1.1.3. Real Gross Domestic Product, Quantity Indexes Table 1.1.4. Price Indexes for Gross Domestic Product [Index numbers, 2005=100] [Index numbers, 2005=100] Seasonally adjusted Line 2008 2009 2009 Seasonally adjusted 2010 Line 2008 2009 2009 2010 III IV I II III III IV I II III Gross dom estic p roduct 1 104.672 101.917 101.760 103.012 103.960 104.403 104.924 G ross dom estic product 1 108.598 109.618 109.759 109.693 109.959 110.485 111.108 Personal co nsum ption e xp e n d itu re s........................ Goods...................................... Durable goods................... Nondurable g oods............ S ervices................................. 2 3 4 5 6 105.057 103.462 102.798 103.698 105.870 103.797 101.416 99.011 102.487 105.006 103.885 102.092 101.159 102.460 104.797 104.126 102.533 100.870 103.247 104.936 104.608 103.952 103.025 104.321 104.952 105.178 104.837 104.735 104.823 105.366 105.846 105.565 106.304 105.160 106.006 Personal consum ption e x p e n d itu re s ........................ G oods..................................... Durable goo ds................... Nondurable g oo d s ............ Services.................................. 2 3 4 5 6 109.061 106.262 95.340 112.484 110.566 109.258 103.634 93.782 109.262 112.233 109.598 104.403 93.450 110.624 112.355 110.333 105.120 93.603 111.651 113.102 110.901 105.784 93.121 112.949 113.620 110.888 104.812 92.755 111.638 114.116 111.166 105.064 92.234 112.325 114.408 Gross private dom estic investm ent............................. Fixed investment.................... Nonresidential................... Structures...................... Equipment and software Residential......................... Change in private inventories 7 8 9 10 11 12 13 90.105 94.096 115.532 131.976 108.681 57.324 69.778 76.835 95.804 105.064 92.035 44.220 68.800 76.447 95.216 103.911 91.716 44.185 73.000 76.198 94.879 95.310 94.895 44.092 77.811 76.826 96.677 90.761 99.408 42.670 82.474 80.219 100.592 90.649 105.067 45.177 84.986 80.383 102.957 91.515 108.085 41.455 Gross private dom estic investm ent............................ Fixed investment.................... Nonresidential.................... Structures...................... Equipment and software Residential......................... Change in private inventories 7 8 9 10 11 12 13 106.977 107.053 106.984 125.460 100.083 106.361 104.873 105.260 105.700 122.187 99.620 102.736 103.656 104.294 104.768 119.654 99.344 101.637 103.466 104.030 104.144 119.017 98.721 102.712 102.952 103.661 103.639 119.291 97.954 102.869 102.765 103.487 103.636 119.887 97.764 102.030 102.875 103.539 103.730 120.665 97.651 101.907 Net e xpo rts o f g oods and se rv ic e s ................................. Exports................................... Goods................................. Services............................ Im ports................................... Goods................................. S ervices............................. 14 15 16 17 18 19 20 126.255 127.649 123.095 106.113 105.189 111.167 114.228 112.377 118.303 91.418 88.615 106.461 114.174 112.474 117.933 92.752 90.324 105.915 120.569 120.484 120.822 93.874 91.691 105.772 123.858 124.495 122.533 96.401 94.321 107.766 126.592 127.939 123.708 103.613 102.690 108.916 128.138 129.014 126.292 107.859 107.056 112.572 Net e xports o f g oods and s e rv ic e s ................................. E xports................................... Goods................................. Services.............................. Imports.................................... G oods................................. Services.............................. 14 15 16 17 18 19 20 111.874 111.970 111.643 118.685 119.603 113.921 105.877 104.403 109.172 105.987 104.908 110.711 106.212 104.892 109.164 105.879 104.680 111.179 107.424 106.072 110.437 111.222 110.650 113.650 108.771 107.565 111.451 114.514 114.497 114.351 110.060 108.965 112.480 112.234 111.653 114.813 110.180 109.098 112.568 109.936 109.033 114.152 G overnment consum ption expenditures and gross investm ent............................. Federal................................... National defense............... Nondefense....................... State and local....................... 21 22 23 24 25 105.605 110.900 111.653 109.326 102.611 107.287 117.266 117.648 116.467 101.688 107.991 119.085 120.237 116.687 101.770 107.613 119.091 119.477 118.283 101.179 107.185 119.634 119.582 119.738 100.213 108.228 122.276 121.732 123.410 100.367 109.125 124.891 124.229 126.271 100.310 Government consum ption expenditures and gross in vestm ent............................ Federal.................................... National defense............... Nondefense....................... State and local....................... 21 22 23 24 25 115.009 111.119 112.109 109.077 117.349 114.644 110.895 111.342 109.984 116.892 114.635 110.716 111.153 109.822 116.998 115.067 111.141 111.590 110.222 117.434 116.358 112.375 113.046 110.997 118.760 116.606 112.615 113.377 111.053 119.014 116.734 112.718 113.489 111.138 119.158 Table 1.1.5. Gross Domestic Product Table 1.1.6. Real Gross Domestic Product, Chained Dollars [Billions of dollars] [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates Line 2008 2009 2009 III Gross dom estic product Personal consum ption e xp e n d itu re s........................ Goods..................................... Durable goods................... Nondurable goods............ S ervices................................. Line 2010 IV I II 2008 2009 2009 III III 2010 IV I II III 14,119.0 14,114.7 14,277.3 14,446.4 14,578.7 14,730.2 G ross dom estic product 2 10,104.5 10,001.3 10,040.7 10,131.5 10,230.8 10,285.4 10,376.7 3 3,379.5 3,230.7 3,276.1 3,312.9 3,380.0 3,377.5 3,409.0 4 1,083.5 1,060.7 1,074.1 1,084.1 1,026.5 1,045.2 1,043.9 5 2,296.0 2,204.2 2,231.0 2,269.0 2,319.3 2,303.4 2,325.0 6 6,725.0 6,770.6 6,764.6 6,818.6 6,850.9 6,907.9 6,967.6 Personal consum ption e xp e n d itu re s ........................ G oods..................................... Durable g oo ds................... Nondurable goo ds ............ Services.................................. 2 3 4 5 6 9,265.0 3,180.3 1,136.4 2,041.2 6,082.3 9,153.9 3,117.4 1,094.6 2,017.4 6,032.7 9,161.6 3,138.2 1,118.3 2,016.9 6,020.7 9,182.9 3,151.8 1,115.1 2,032.3 6,028.7 9,225.4 3,195.4 1,138.9 2,053.5 6,029.6 9,275.7 3,222.6 1,157.8 2,063.4 6,053.4 9,334.6 3,245.0 1,175.2 2,070.0 6,090.1 1 14,369.1 1 13,228.8 12,880.6 12,860.8 13,019.0 13,138.8 13,194.9 13,260.7 Gross private dom estic investm ent............................ Fixed investment.................... Nonresidential................... Structures...................... Equipment and software Residential......................... Change in private inventories / 8 9 10 11 12 13 2,096.7 2,137.8 1,665.3 582.4 1,082.9 472.5 -41.1 1,589.2 1,716.4 1,364.4 451.6 912.8 352.1 -127.2 1,548.5 1,691.8 1,343.8 436.6 907.2 348.0 -143.3 1,637.7 1,681.9 1,330.9 398.2 932.7 351.0 -44.2 1,739.7 1,689.8 1,349.6 380.1 969.5 340.2 50.0 1,841.8 1,761.4 1,404.2 381.5 1,022.7 357.2 80.4 1,896.1 1,765.9 1,438.5 387.7 1,050.9 327.4 130.2 G ross private dom estic in vestm en t............................ Fixed investment.................... Nonresidential.................... Structures...................... Equipment and software Residential......................... Change in private inventories 7 8 9 10 11 12 13 1,957.3 1,997.0 1,556.6 464.2 1,082.0 444.2 -37.6 1,515.7 1,630.7 1,290.8 369.6 916.3 342.7 -113.1 1,494.5 1,622.4 1,282.9 365.5 913.1 342.4 -128.2 1,585.7 1,617.1 1,278.3 335.3 944.7 341.7 -36.7 1,690.2 1,630.5 1,302.6 319.3 989.7 330.7 44.1 1,791.5 1,702.5 1,355.3 318.9 1,046.0 350.1 68.8 1,846.1 1,706.0 1,387.2 321.9 1,076.1 321.3 115.5 Net e xpo rts o f goods and s e rv ic e s ................................. Exports................................... Goods................................. Services............................. Im ports................................... Goods................................. Services............................. 14 15 16 17 18 19 20 -710.4 1,843.4 1,295.1 548.3 2,553.8 2,148.8 405.0 -386.4 1,578.4 1,063.1 515.3 1,964.7 1,587.8 376.9 -408.3 1,582.1 1,068.6 513.6 1,990.5 1,613.8 376.6 -426.4 1,689.9 1,157.6 532.3 2,116.3 1,731.8 384.5 -479.9 1,757.8 1,213.0 544.8 2,237.6 1,843.5 394.1 -539.3 1,817.9 1,262.8 555.1 2,357.1 1,957.2 400.0 -561.5 1,842.1 1,274.9 567.1 2,403.5 1,992.5 411.0 Net e xpo rts o f g oods and s e rv ic e s ................................. E xports................................... Goods................................. Services.............................. Imports.................................... Goods................................. Services.............................. 14 15 16 17 18 19 20 -504.1 1,647.7 1,156.6 491.1 2,151.7 1,796.6 355.5 -363.0 1,490.7 1,018.2 472.0 1,853.8 1,513.5 340.5 -390.8 1,490.0 1,019.1 470.5 1,880.8 1,542.7 338.7 -330.1 1,573.5 1,091.7 482.0 1,903.6 1,566.1 338.3 -338.4 1,616.4 1,128.0 488.9 1,954.8 1,611.0 344.6 -449.0 1,652.1 1,159.2 493.6 2,101.1 1,753.9 348.3 -514.9 1,672.3 1,169.0 503.9 2,187.2 1,828.5 360.0 G overnment consum ption expenditures and gross in vestm ent............................ Federal.................................... National defense............... Nondefense....................... State and local....................... Residual...................................... 21 22 23 24 25 26 2,502.7 971.8 657.7 314.0 1,532.6 16.2 2,542.6 1,027.6 693.0 334.6 1,518.8 37.8 2,559.3 1,043.5 708.3 335.2 1,520.0 40.4 2,550.3 1,043.6 703.8 339.8 1,511.2 33.8 2,540.2 1,048.4 704.4 344.0 1,496.8 26.5 2,564.9 1,071.5 717.1 354.5 1,499.1 15.2 2,586.1 1,094.4 731.8 362.7 1,498.2 13.5 G overnment consum ption expenditures and gross investm ent............................. Federal................................... National defense............... Nondefense....................... State and local....................... 21 22 23 24 25 2,878.3 1,079.9 737.3 342.5 1,798.5 2,914.9 1,139.6 771.6 368.0 1,775.3 2,933.8 1,155.4 787.3 368.1 1,778.4 2,934.5 1,159.9 785.4 374.5 1,774.7 2,955.7 1,178.1 796.3 381.8 1,777.6 2,990.8 1,206.7 813.0 393.7 1,784.1 3,018.9 1,233.6 830.5 403.1 1,785.3 N ote . Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 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 November 2010 Table 1.1.8. Contributions to Percent Change in the Gross Domestic Product Price Index [Percent] Seasonally adjusted at annual rates Line 2008 2009 2009 III Seasonally adjusted at annual rates 2010 IV I II Line 2009 2009 III Gross dom estic product 1 2.2 0.9 0.7 -0 .2 1.0 1.9 2.3 Personal consum ption e xp e n d itu re s ........................ Goods..................................... Durable goods................... Nondurable g oods............ S ervices................................. 2 3 4 5 6 3.3 3.2 -1 .4 5.6 3.4 0.2 -2 .5 -1 .6 -2.9 1.5 2.9 5.7 -2.5 9.7 1.7 2.7 2.8 0.7 3.8 2.7 2.1 2.6 -2.0 4.7 1.8 0.0 -3 .6 -1 .6 -4 .6 1.8 1.0 1.0 -2.2 2.5 1.0 Gross private dom estic investm ent............................. Fixed investment.................... Nonresidential................... Structures...................... Equipment and software Residential......................... Change in private inventories / 8 9 10 11 12 13 0.7 0.8 1.4 4.7 -0 .2 -1.2 -2 .0 -1.7 -1 .2 -2 .6 -0.5 -3 .4 -6.0 -4.8 -5.1 -10.5 -2 .4 -3 .3 -0.7 -1.0 -2.4 -2.1 -2 .5 4.3 -2.0 -1.4 -1.9 0.9 -3.1 0.6 -0 .7 -0 .7 0.0 2.0 -0 .8 -3 .2 0.4 0.2 0.4 2.6 -0 .5 -0 .5 Net exports o f g oods and s e rv ic e s ................................. Exports................................... G oods................................. S ervices............................. Im ports................................... G oods................................. S ervices............................. 14 15 16 17 18 19 20 4.7 4.8 4.2 10.4 11.3 5.7 -5 .4 -6 .8 -2.2 -10.7 -12.3 -2.8 4.6 4.8 4.0 8.6 9.2 6.2 4.6 4.6 4.7 21.8 24.8 9.2 5.1 5.8 3.7 12.4 14.6 2.5 4.8 5.3 3.7 -7 .7 -9.6 1.6 0.4 0.5 0.3 -7.9 -9.1 -2.3 Government consum ption expenditures and gross investm ent............................. Federal................................... National defense............... Nondefense....................... State and local....................... 21 22 23 24 25 4.7 3.1 3.6 2.2 5.6 -0 .3 -0 .2 -0 .7 0.8 -0 .4 0.4 -0.1 0.3 -1.0 0.8 1.5 1.5 1.6 1.5 1.5 4.6 4.5 5.3 2.8 4.6 0.9 0.9 1.2 0.2 0.9 0.4 0.4 0.4 0.3 0.5 ?fi 2.2 0.9 0.8 -0.2 1.0 1.9 27 28 2.2 2.2 0.9 0.9 0.7 0.7 -0 .3 -0 .3 1.1 1.0 2.0 1.9 Addenda: Im p licit price deflators: Gross domestic p ro d u ct1 Gross national p ro d u ct1 2008 III 2.2 2010 IV I II III Percent change at annual rate: 1 2.2 0.9 0.7 -0 .2 1.0 1.9 2.3 Personal consum ption e xp e n d itu re s ........................ G oods..................................... Durable goo ds................... Nondurable g oo ds............ Services.................................. 2 3 4 5 6 2.31 0.76 -0.12 0.88 1.55 0.13 -0 .58 -0.12 -0 .46 0.71 1.98 1.22 -0.19 1.41 0.76 1.87 0.62 0.04 0.58 1.25 1.46 0.59 -0.15 0.74 0.87 -0.03 -0.86 -0.12 -0.74 0.83 0.72 0.23 -0.17 0.39 0.49 Gross private dom estic in vestm en t............................ Fixed investment.................... Nonresidential.................... Structures...................... Equipment and software Residential......................... Change in private inventories 7 8 9 10 11 12 13 0.11 0.12 0.16 0.18 -0.02 -0.05 0.00 -0 .25 -0.23 -0 .13 -0 .10 -0.03 -0.10 -0.02 -0.63 -0.61 -0.53 -0.37 -0.16 -0.08 -0.01 -0.05 -0.13 -0.23 -0.07 -0.17 0.10 0.07 -0.23 -0.17 -0.18 0.02 -0.21 0.01 -0.07 -0.09 -0.08 0.00 0.05 -0.05 -0.08 -0.01 0.06 0.03 0.04 0.07 -0 .03 -0.01 0.03 Net e xpo rts o f g oods and s e rv ic e s ................................. E xports................................... Goods................................. Services.............................. Imports.................................... Goods................................. Services.............................. 14 15 16 17 18 19 20 -1.16 0.57 0.41 0.15 -1.73 -1.58 -0.15 1.13 -0.66 -0.58 -0.08 1.79 1.71 0.08 -0.69 0.48 0.34 0.14 -1.17 -1.00 -0.17 -2.37 0.52 0.35 0.17 -2.88 -2.64 -0.24 -1.17 0.60 0.46 0.14 -1.77 -1.70 -0.07 1.87 0.58 0.44 0.14 1.28 1.33 -0.04 1.41 0.06 0.04 0.01 1.35 1.29 0.06 Government consum ption expenditures and gross in vestm ent............................ Federal.................................... National defense............... Nondefense....................... State and local....................... 21 22 23 24 25 0.90 0.22 0.17 0.05 0.68 -0 .07 -0 .02 -0 .04 0.02 -0.05 0.08 0.00 0.02 -0.02 0.08 0.31 0.13 0.09 0.04 0.18 0.92 0.36 0.29 0.07 0.56 0.18 0.07 0.07 0.01 0.11 0.09 0.03 0.02 0.01 0.06 Gross dom estic p roduct Percentage poin ts at annual rates: 1. The percent change for this series is calculated from the implicit price deflator in NIPA table 1.1.9. Table 1.1.9. Implicit Price Deflators for Gross Domestic Product Table 1.1.10. Percentage Shares of Gross Domestic Product [Index numbers, 2005=100] [Percent] Seasonally adjusted 2009 Line Line 2008 2009 2009 III IV I II III G ross dom estic product 1 108.619 109.615 109.750 109.665 109.952 110.488 111.082 Personal consum ption e xpe nd itu re s ........................ Goods..................................... Durable goods................... Nondurable goods............ S ervices................................. 2 3 4 5 6 109.061 106.263 95.340 112.484 110.566 109.258 103.634 93.782 109.262 112.233 109.596 104.394 93.459 110.617 112.356 110.330 105.113 93.615 111.645 113.102 110.899 105.777 93.133 112.942 113.621 110.886 104.805 92.767 111.632 114.117 111.163 105.056 92.246 112.319 114.409 Gross private dom estic investm ent............................ Fixed investment.................... Nonresidential.................. Structures...................... Equipment and software Residential......................... Change in private inventories 7 8 9 10 11 12 13 107.122 107.052 106.984 125.460 100.083 106.361 104.848 105.260 105.700 122.187 99.620 102.737 103.613 104.274 104.745 119.439 99.352 101.635 103.278 104.006 104.116 118.782 98.727 102.717 102.929 103.637 103.611 119.055 97.961 102.874 102.807 103.463 103.608 119.650 97.770 102.035 102.710 103.515 103.702 120.427 97.657 101.912 Net expo rts o f g oods and s e rv ic e s ................................. Exports................................... Goods................................. Services............................. Im ports................................... Goods................................. Services............................ 14 15 16 17 18 19 20 111.875 111.970 111.643 118.685 119.603 113.921 105.877 104.403 109.171 105.987 104.908 110.711 106.182 104.852 109.154 105.829 104.609 111.191 107.398 106.038 110.426 111.178 110.586 113.662 108.745 107.531 111.438 114.468 114.432 114.362 110.033 108.930 112.467 112.189 111.588 114.824 110.153 109.063 112.556 109.892 108.970 114.164 G overnm ent co nsum ption expenditures and gross investm ent............................. Federal................................... National defense............... Nondefense....................... State and local....................... 21 22 23 24 25 115.008 111.119 112.109 109.077 117.348 114.644 110.895 111.342 109.984 116.892 114.635 110.717 111.157 109.820 116.999 115.067 111.142 111.594 110.220 117.435 116.358 112.376 113.051 110.995 118.762 116.607 112.616 113.381 111.050 119.016 116.734 112.719 113.494 111.135 119.160 Addendum : Gross national product......... 26 108.626 109.609 109.744 109.664 109.950 110.479 2008 2010 2009 2010 III IV I II III Gross dom estic product 1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Personal consum ption e xp e n d itu re s ........................ G oods..................................... Durable g oo d s................... Nondurable g oo d s ............ Services.................................. 2 3 4 5 6 70.3 23.5 7.5 16.0 46.8 70.8 22.9 7.3 15.6 48.0 71.1 23.2 7.4 15.8 47.9 71.0 23.2 7.3 15.9 47.8 70.8 23.4 7.3 16.1 47.4 70.6 23.2 7.4 15.8 47.4 70.4 23.1 7.4 15.8 47.3 Gross private dom estic investm ent............................ Fixed investment.................... Nonresidential.................... Structures...................... Equipment and software Residential......................... Change in private inventories 7 8 9 10 11 12 13 14.6 14.9 11.6 4.1 7.5 3.3 -0 .3 11.3 12.2 9.7 3.2 6.5 2.5 -0 .9 11.0 12.0 9.5 3.1 6.4 2.5 -1.0 11.5 11.8 9.3 2.8 6.5 2.5 -0 .3 12.0 11.7 9.3 2.6 6.7 2.4 0.3 12.6 12.1 9.6 2.6 7.0 2.5 0.6 12.9 12.0 9.8 2.6 7.1 2.2 0.9 Net e xports o f g oods and s e rv ic e s ................................. E xports................................... Goods................................. Services.............................. Imports.................................... Goods................................. Services.............................. 14 15 16 17 18 19 20 -4.9 12.8 9.0 3.8 17.8 15.0 2.8 -2.7 11.2 7.5 3.6 13.9 11.2 2.7 -2.9 11.2 7.6 3.6 14.1 11.4 2.7 -3 .0 11.8 8.1 3.7 14.8 12.1 2.7 -3.3 12.2 8.4 3.8 15.5 12.8 2.7 -3.7 12.5 8.7 3.8 16.2 13.4 2.7 -3.8 12.5 8.7 3.9 16.3 13.5 2.8 Government consum ption expenditures and gross investm ent............................ Federal.................................... National defense............... Nondefense....................... State and local....................... 21 22 23 24 25 20.0 7.5 5.1 2.4 12.5 20.6 8.1 5.5 2.6 12.6 20.8 8.2 5.6 2.6 12.6 20.6 8.1 5.5 2.6 12.4 20.5 8.2 5.5 2.6 12.3 20.5 8.3 5.6 2.7 12.2 20.5 8.4 5.6 2.7 12.1 November 2010 Survey of D- C u r r e n t B u s in e s s Table 1.1.11. Real Gross Domestic Product: Percent Change From Quarter One Year Ago [Percent] 2010 2009 Line III I IV II III G ross dom estic p ro d u ct...................................................................................................... 1 -2 .7 0.2 2.4 3.0 3.1 Personal co nsum ption expenditures Goods............................................ Durable goods......................... Nondurable goods.................. S ervices........................................................................................................................................ 2 3 4 5 6 -0 .9 -1 .0 -1 .3 -0 .9 -0 .8 0.2 2.3 4.8 1.1 -0 .8 0.8 3.2 5.8 2.1 -0 .4 1.7 4.5 8.4 2.7 0.4 1.9 3.4 5.1 2.6 1.2 Gross private dom estic investm ent Fixed investment......................... Nonresidential......................... Structures............................ Equipment and software................................................................................................... Residential.............................. Change in private inventories.... 7 8 9 10 11 12 13 -24 .0 -18.6 -17.8 -21.7 -15.8 -21.4 -9 .6 -12.9 -12.7 -26.5 -4.9 -13 .4 10.5 -2.0 -0.8 -20.1 9.5 -6 .3 23.3 5.1 5.2 -15.6 15.7 4.8 23.5 5.1 8.1 -11.9 17.8 -6 .2 Net expo rts o f goods and services Exports........................................ G oo d s...................................................................................................................................... S ervices................................................................................................................................... Imports... Goods Services................................................................................................................................... 14 15 16 17 18 19 20 -11.0 -13.8 -4 .6 -14.1 -16.0 -4 .3 -0.1 -0.2 0.3 -7 .2 -7 .3 -7 .0 11.4 14.4 5.1 6.2 7.9 -0 .8 14.1 18.7 4.9 17.4 20.8 3.2 12.2 14.7 7.1 16.3 18.5 6.3 G overnm ent consu m p tion expenditures and gross in ve stm e n t....................................... Federal......................................................................................................................................... National defense..................................................................................................................... Nondefense.... 24 State and lo ca l... 25 21 22 23 1.5 5.7 5.2 6.7 0.8 3.6 3.3 4.5 1.1 5.5 5.6 5.1 0.6 4.1 3.4 5.5 1.1 4.9 3.3 8.2 -1 .4 Addenda: Final sales of domestic product................................................................................................. Gross domestic purchases........ Final sales to domestic purchasers........................................................................................... -1.1 26 27 28 pq -1 .0 Real disposable personal incom e............................................................................................. 30 -2 .0 -3.6 -2.9 -2 .9 1.1 Price indexes (C hain-type): Gross domestic purchases................................................................................................... Gross domestic purchases excluding food and energy 1.................................................. Gross domestic product......................................................................................................... Gross domestic product excluding food and energy 1........................................................ Personal consumption expenditures.................................................................................... Personal consumption expenditures excluding food and energy 1................................... Market-based PCE 2.............................................................................................................. Market-based PCE excluding food and energy 2............................................................... 31 32 33 34 35 36 37 38 -1.1 0.2 0.2 0.3 -0.7 1.3 -0.6 1.8 -1 .5 -1 .6 -0 .3 -0.9 -1 .4 0.5 0.4 0.9 1.9 0.5 2.8 0.7 1.1 3.8 1.9 3.4 0.3 1.1 4.0 2.1 0.5 0.6 0.5 0.8 1.5 1.7 1.5 1.7 1.5 1.1 0.5 1.1 2.4 1.8 2.2 1.4 1.4 1.1 0.8 1.2 1.9 1.5 1.7 1.1 1.3 1.1 1.2 1.2 1.4 1.3 1.2 1.0 1.6 1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services, 2. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. N ote . Percent changes for real estimates are calculated from corresponding quantity indexes presented in NIPA tables 1.1.3,1.2.3,1.4.3, and 1.7.3. Percent changes in price estimates are calculated from corresponding price indexes presented in NIPA tables 1.1.4,1.6.4, and 2.3.4. Table 1.2.1. Percent Change From Preceding Period in Real Gross Domestic Product by Major Type of Product [Percent] Seasonally adjusted at annual rates Line 2008 2009 Gross dom estic pro du ct.............. Final sales of domestic p roduct. Change in private inventories.... G oo d s........................................................ Final sales................. Change in private inventories......... Durable goods............... Final sales.................. Change in private inventories 1..... Nondurable goods......... Final sales........................................ Change in private inventories 1...... Services 2................................................. 2009 2010 -2.6 -2.1 -0.5 1.4 -3.8 -1.6 -0.9 0.9 -10.0 -5.4 1.7 0.9 2.0 0.6 3.6 -1.7 "T o 23.9 11.0 19.5 8.6 -0 .8 -3 .7 15.2 5.9 16.3 4.0 33.3 11.2 11.2 5.3 3.0 -0.6 -1.9 31.7 18.5 -11.1 -12.2 "a'i -6.4 1.5 -0.2 -0.2 0.8 0.0 1.9 2.4 S tru c tu re s ...................................................................................................................................... -7.9 -16.6 -0.1 -15.9 -15.2 10.6 -7.2 Addenda: Motor vehicle output.................................................................................................................. Gross domestic product excluding motor vehicle output...................................................... Final sales of computers 3 ....................................................................................................... Gross domestic product excluding final sales of computers............................................... Gross domestic purchases excluding final sales of computers to domestic purchasers.. Final sales of domestic product, current dollars.................................................................... -18.6 0.5 26.5 -0.1 -1.3 2.7 -24.7 -2.1 5.0 -2.7 -3.7 -1.1 145.5 0.0 -4.0 1.6 2.8 1.2 13.7 4.8 17.3 5.0 2.6 1.8 42.3 3.0 19.2 3.7 3.9 2.1 -2.7 1.1 5.3 1.7 4.9 2.9 21.2 1.6 55.4 1.8 3.9 2.8 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. Some components of final sales of computers include computer parts. National Data D-6 Table 1.2.2. Contributions to Percent Change in Real Gross Domestic Product by Major Type of Product November 2010 Table 1.2.3. Real Gross Domestic Product by Major Type of Product, Quantity Indexes [Index numbers, 2005=100] Seasonally adjusted at annual rates Line 2008 2009 2009 III Seasonally adjusted 2010 IV I II Line Percentage points at annual rates: Final sales of domestic product.............................. Change in private inventories........................ 1 0.0 -2.6 1.6 3.7 5.0 2009 1.7 2010 III 2.0 Gross dom estic p ro d u c t....... Final sales of domestic product............................... Change in private IV I II III 1 104.672 101.917 101.760 103.012 103.960 104.403 104.924 2 105.399 103.212 103.146 103.676 103.948 104.181 104.327 3 2 0.51 -2.08 0.50 2.19 1.09 0.90 0.57 3 -0.51 -0.55 1.10 2.83 2.64 0.82 1.44 G o o d s ................................................ Final sa les................................. Change in private inventories Durable goods............................... Final sa les................................. Change in private inventories 1 Nondurable goods........................ Final sa les................................. Change in private inventories 1 4 5 6 7 8 9 10 11 12 -0.13 0.38 -0.51 -0.13 0.13 -0.25 0.00 0.26 -0.26 -0.99 -0.44 -0.55 -1.39 -0.76 -0.63 0.40 0.32 0.08 1.67 0.57 1.10 1.91 0.86 1.05 -0.24 -0.29 0.05 5.74 2.91 2.83 2.06 0.60 1.46 3.68 2.31 1.37 4.90 2.26 2.64 3.91 1.46 2.45 0.99 0.80 0.19 -0.20 -1.02 0.82 1.49 0.71 0.78 -1.69 -1.73 0.04 0.98 -0.46 1.44 0.96 0.41 0.55 0.02 -0.87 0.89 Services 2.......................................... 13 0.94 -0.10 -0.10 0.57 0.02 1.21 1.55 S tru c tu re s ........................................ 14 -0.81 -1 .54 0.02 -1.30 -1.18 0.71 -0.53 15 -0.53 -0.56 1.56 0.25 0.74 -0.06 0.42 16 17 0.53 0.14 -2.07 0.03 0.03 -0.02 4.76 0.09 2.99 0.10 1.78 0.03 1.59 0.25 18 -0 .14 -2 .66 1.61 4.92 3.63 1.69 1.76 Addenda: Motor vehicle output..................... Gross domestic product excluding motor vehicle output................ Final sales of com puters3........... Gross domestic product excluding final sales of computers........... 2009 III Percent change at annual rate: Gross dom estic p ro d u c t....... 2008 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. 4 5 R 7 8 9 10 11 1? G o o d s ................................................ Final sales.................................. Change in private inventories Durable goo ds............................... Final sales.................................. Change in private inventories 1 Nondurable goo ds........................ Final sales.................................. Change in private inventories' 108.971 104.880 104.271 110.007 115.025 114.803 115.817 111.890 110.050 109.802 112.705 115.043 113.957 113.468 110.650 99.577 100.422 104.284 112.043 115.048 117.014 114.221 108.049 108.648 109.725 112.669 114.124 114.980 107.024 110.477 108.345 116.071 118.152 114.500 114.530 109.183 111.982 110.855 115.660 117.354 113.610 111.752 S ervices 2 .......................................... 13 106.271 106.102 106.078 106.294 106.297 106.786 107.419 S tructu re s.......................................... 14 85.585 71.407 71.502 68.472 65.703 67.380 66.127 15 80.384 60.568 66.657 68.836 75.184 74.677 78.361 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................................. 16 105.440 103.203 102.857 104.082 104.862 105.335 105.757 17 187.540 197.008 192.680 200.528 209.533 212.272 236.998 18 104.292 101.501 19 102.262 98.494 101.357 102.589 103.513 103.949 104.404 98.532 99.162 100.109 101.309 102.294 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 1.2.4. Price Indexes for Gross Domestic Product by Major Type of Product Table 1.2.5. Gross Domestic Product by Major Type of Product [Index numbers, 2005=100] [Billions of dollars] Seasonally adjusted Line 2008 2009 2009 III Gross dom estic p ro d u c t...... Final sales of domestic product.............................. Change in private Seasonally adjusted at annual rates Line 2010 IV I II 1 108.598 109.618 109.759 109.693 109.959 110.485 111.108 G o o d s ................................................ Final sales................................. Change in private inventories Durable goods............................... Final sales................................. Change in private inventories 1 Nondurable goods........................ Final sa les................................. Change in private inventories1 4 99.373 5 99.340 fi 7 95.883 8 95.846 q 10 103.631 11 103.620 1? S ervices 2.......................................... 13 111.575 112.591 112.694 113.352 114.143 114.605 114.872 S tru c tu re s ........................................ 14 116.079 114.144 112.514 112.584 112.827 112.868 113.264 Addenda: Motor vehicle output..................... Gross domestic product excluding motor vehicle output Final sales of computers 3........... Gross domestic product excluding final sales of computers.................................. Implicit price deflator for final sales of domestic product 15 96.481 95.676 95.545 95.353 95.249 95.062 95.037 99.387 100.154 101.562 99.545 100.332 101.752 94.406 94.406 94.122 94.098 93.935 93.901 107.928 109.753 106.452 105.395 107.396 110.742 108.196 110.178 106.770 105.808 107.875 111.246 97.984 98.580 100.074 99.918 100.265 100.282 16 108.981 109.991 110.123 110.020 110.297 110.828 111.467 17 60.085 51.690 49.853 49.454 48.465 47.656 46.861 18 108.999 110.128 110.293 110.230 110.512 111.054 111.695 19 108.608 109.647 109.808 109.734 110.018 110.550 111.169 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. 2009 III 2 108.608 109.647 109.809 109.736 110.020 110.552 111.171 101.245 101.952 100.232 101.263 102.028 100.329 2008 2009 III Gross dom estic product Final sales of domestic product...................... Change in private inventories............... G o o d s ....................................... Final sales......................... Change in private inventories.................... Durable g oo d s ...................... Final sales......................... Change in private inventories 1.................. Nondurable g oo d s ............... Final sales......................... Change in private inventories 1................. 2010 IV I II III 1 14,369.1 14,119.0 14,114.7 14,277.3 14,446.4 14,578.7 14,730.2 2 14,410.2 14,246.3 14,258.0 14,321.5 14,396.4 14,498.3 14,600.0 3 -41.1 -127.2 -143.3 -44.2 50.0 80.4 130.2 4 5 3,763.5 3,804.6 3,687.3 3,814.5 3,691.6 3,834.8 3,826.5 3,870.7 3,970.1 3,920.1 3,994.2 3,913.8 4,082.3 3,952.1 6 7 8 -41.1 2,006.0 2,031.8 -127.2 1,801.5 1,915.9 -143.3 1,811.1 1,920.7 -44.2 1,875.3 1,935.5 50.0 2,000.9 1,974.2 80.4 2,048.5 1,993.2 130.2 2,079.3 2,003.9 9 10 11 -25.7 1,757.5 1,772.9 -114.4 1,885.8 1,898.6 -109.6 1,880.4 1,914.1 -60.2 1,951.2 1,935.2 26.7 1,969.1 1,945.9 55.3 1,945.7 1,920.6 75.4 2,003.1 1,948.2 12 -15.4 -12.8 -33.7 16.0 23.2 25.1 54.9 Services 2................................. 13 9,251.0 9,320.5 9,326.8 9,400.4 9,466.2 9,548.2 9,627.3 S tru ctu re s................................. 14 1,354.5 1,111.3 1,096.3 1,050.4 1,010.1 1,036.3 1,020.6 15 325.0 248.9 275.1 288.5 314.8 313.7 329.3 Addenda: Motor vehicle o utp ut............ Gross domestic product excluding motor vehicle output................................. Final sales of computers 3 ... Gross domestic product excluding final sales of computers......................... 16 14,044.1 13,870.1 13,839.6 13,988.8 14,131.6 14,265.0 14,401.0 17 79.9 89.0 80.5 75.9 78.3 80.2 87.7 18 14,280.0 14,038.6 14,038.8 14,199.0 14,366.2 14,498.8 14,642.5 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. November 2010 D-7 S u r v e y o f C u r r e n t B u s in e s s Table 1.2.6. Real Gross Domestic Product by Major Type of Product, Chained Dollars Table 1.3.1. Percent Change From Preceding Period in Real Gross Value Added by Sector [Billions of chained (2005) dollars] [Percent] Seasonally adjusted at annual rates Line 2008 2009 2009 III Gross dom estic product Final sales of domestic product..................... Change in private inventories............... Residual....................... Seasonally adjusted at annual rates Line 2010 IV I II 12,992.8 12,984.5 13,051.1 2009 III 1 13,228.8 12,880.6 12,860.8 13,019.0 13,138.8 13,194.9 13,260.7 2 13,268.1 2008 13,085.5 13,114.7 13,133.2 2009 III 2010 IV I II III Gross dom estic product 1 0.0 -2.6 1.6 5.0 3.7 1.7 2.0 B usiness 1............................... Nonfarm 2 ............................. Fa rm ...................................... 2 3 4 -0.9 -1.1 13.3 -3 .7 -3.8 6.1 1.6 1.4 19.3 6.5 6.7 -13.9 5.0 5.0 -0.8 1.8 1.6 24.6 3.0 3.0 1.6 5 6 3.7 4.9 -0.5 -0.7 3.1 3.0 0.8 0.2 -0.2 -2.3 1.3 -0.2 -0 .5 -1.8 3 4 -37.6 -1.7 -113.1 0.9 -128.2 4.5 -36.7 4.6 44.1 9.2 68.8 11.4 115.5 12.0 5 6 3,784.4 3,829.9 3,642.4 3,766.9 3,621.2 3,758.4 3,820.4 3,857.8 3,994.7 3,937.8 3,987.0 3,900.7 4,022.2 3,883.9 H ouseholds and in stitutio ns Households........................... Nonprofit institutions serving households 3..................... 7 2.0 -0.2 3.2 1.5 2.5 3.2 1.2 7 8 9 -37.6 2,092.5 2,119.8 -113.1 1,883.1 2,005.3 -128.2 1,899.1 2,016.4 -36.7 1,972.1 2,036.4 44.1 2,118.8 2,091.0 68.8 2,175.7 2,118.0 115.5 2,212.9 2,133.9 General g o v e rn m e n t4 ........... Federal................................... State and local...................... 8 9 10 2.3 3.9 1.7 1.6 5.8 -0.2 0.1 3.5 -1.4 0.7 2.8 -0.2 0.5 3.9 -1.0 1.7 6.0 -0.3 -1 .5 -0.9 -1.8 10 11 12 -23.4 1,692.9 1,710.9 -106.7 1,747.5 1,754.8 -102.1 1,713.8 1,737.1 -55.6 1,836.0 1,812.4 24.4 1,868.9 1,839.0 50.0 1,811.1 1,780.3 68.2 1,811.6 1,751.2 Addendum : Gross housing value added 11 4.7 0.4 3.3 0.7 -1.1 0.3 -0.8 13 -14.7 -9 .6 -2 8.5 16.3 20.0 19.8 48.3 S ervices 2................................. 14 8,291.4 8,278.2 8,276.3 8,293.2 8,293.4 8,331.5 8,380.9 S tru c tu re s ................................ R esidual.................................... 15 16 1,166.9 -22.1 973.6 -15.0 974.9 -13.3 933.5 -17.2 895.8 -24.8 918.7 -23.4 901.6 -23.4 17 336.8 253.7 279.3 288.4 315.0 312.9 328.3 G o o d s ....................................... Final sa les........................ Change in private inventories.................... Durable g oods...................... Final sales........................ Change in private inventories 1 ................ Nondurable goods............... Final sa les........................ Change in private inventories1 ................ Addenda: Motor vehicle output............ Gross domestic product excluding motor vehicle o utp ut................................ Final sales of computers 3... Gross domestic product excluding final sales of computers......................... 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 1.3.3. Real Gross Value Added by Sector, Quantity Indexes [Index numbers, 2005=100] 18 12,884.2 12,610.8 12,568.6 12,718.2 12,813.5 12,871.3 12,922.9 19 148.2 152.2 158.4 155.6 165.5 167.7 187.2 Seasonally adjusted 20 13,098.5 12,747.9 12,729.8 12,884.5 13,000.6 13,055.4 13,112.5 Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 19 87 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. N ote . Chained (2 0 0 5 ) dollar series are calculated as the product of the chain-type quantity index and the 2 0 0 5 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. Line 2008 2009 1. 2009 2010 III IV I II III Gross dom estic product 1 104.672 101.917 101.760 103.012 103.960 104.403 104.924 Business 1................................ Nonfarm 2 ............................. Fa rm ...................................... 2 3 4 104.168 104.183 100.322 100.364 100.275 106.397 100.144 100.026 109.254 101.734 101.669 105.253 102.977 102.925 105.046 103.437 103.331 110.973 104.211 104.108 111.409 Households and in stitutio ns Households........................... Nonprofit institutions serving households 3..................... 5 6 108.208 110.984 107.652 110.184 107.602 110.151 107.805 110.215 107.740 109.588 108.080 109.535 107.938 109.026 7 104.547 104.308 104.234 104.615 105.266 106.107 106.435 General g o v e rn m e n t4 ........... Federal................................... State and local...................... 8 9 10 104.199 104.625 104.016 105.851 110.690 103.762 105.971 111.566 103.557 106.162 112.331 103.505 106.300 113.402 103.245 106.740 115.057 103.165 106.341 114.806 102.705 A ddendum : Gross housing value added 11 112.446 112.926 113.062 113.263 112.959 113.037 112.801 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 1.3.4. Price Indexes for Gross Value Added by Sector Table 1.3.5. Gross Value Added by Sector [Index numbers, 2005=100] [Billions of dollars] Seasonally adjusted Line 2008 2009 2009 Seasonally adjusted at annual rates 2010 Line III IV I II III 2008 2009 2009 III 2010 IV I II III G ross dom estic product 1 108.598 109.618 109.759 109.693 109.959 110.485 111.108 Gross dom estic product 1 14,369.1 14,119.0 14,114.7 14,277.3 14,446.4 14,578.7 14,730.2 B usiness 1 ................................ Nonfarm 2............................... Farm....................................... 2 3 4 107.536 107.351 128.136 108.123 108.289 95.781 108.236 108.468 90.230 108.118 108.195 103.982 108.413 108.483 104.937 109.065 109.172 102.159 109.787 109.748 115.845 Business 1................................ Nonfarm 2 ............................. F a rm ...................................... 2 10,863.5 10,520.8 10,508.0 10,660.9 10,823.2 10,938.2 11,089.1 3 10,732.3 10,416.8 10,407.8 10,549.3 10,710.6 10,822.2 10,957.8 4 131.1 104.0 100.3 111.6 112.6 131.4 116.0 Households and in stitu tio n s Households........................... Nonprofit institutions serving households 3..................... 5 6 110.916 109.325 113.343 111.191 113.698 111.382 113.673 110.931 112.982 110.460 112.812 110.339 113.111 110.558 5 6 7 113.109 116.335 116.923 117.501 116.500 116.264 116.673 Households and in stitutio ns Households........................... Nonprofit institutions serving households 3..................... 7 759.2 779.1 782.5 789.3 787.4 792.1 797.3 General g o v e rn m e n t4............ Federal................................... State and lo c a l...................... 8 9 10 113.415 112.645 113.750 115.761 113.596 116.733 115.857 112.997 117.154 116.086 113.332 117.334 117.185 115.099 118.111 117.638 115.007 118.828 117.954 115.142 119.233 General g o v e rn m e n t4........... Federal................................... State and local...................... 8 9 10 1,697.6 517.1 1,180.5 1,760.2 551.7 1,208.5 1,763.6 553.1 1,210.5 1,770.3 558.6 1,211.7 1,789.4 572.7 1,216.7 1,803.7 580.6 1,223.1 1,801.8 580.0 1,221.8 Addendum: Gross housing value added 11 109.907 111.885 112.033 111.591 111.220 111.105 111.302 Addendum : Gross housing value added 11 1,302.6 1,331.7 1,335.1 1,332.2 1,324.2 1,323.8 1,323.3 1. Equals gross domestic product excluding gross value added of households and institutions and of general govern ment. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit institutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. 1,808.0 1,048.8 1,838.1 1,059.0 1,843.0 1,060.5 1,846.1 1,056.8 1,833.8 1,046.4 1,836.8 1,044.7 1,839.3 1,041.9 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. National Data D-8 Table 1.3.6. Real Gross Value Added by Sector, Chained Dollars November 2010 Table 1.4.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers [Billions of chained (2005) dollars] Seasonally adjusted at annual rates [Percent] Line 2008 2009 2009 2010 III Gross dom estic p roduct IV I II Seasonally adjusted at annual rates III Line 1 13,228.8 12,880.6 12,860.8 13,019.0 13,138.8 13,194.9 13,260.7 B usiness 1................................ Nonfarm 2.............................. Farm...................................... 2 10,099.6 3 9,994.8 4 102.3 9,730.8 9,619.8 108.5 9,709.4 9,596.0 111.5 9,863.6 9,753.5 107.4 9,984.1 10,028.7 10,103.7 9,874.1 9,913.0 9,987.5 107.2 113.2 113.7 H ouseholds and in stitu tio n s Households.......................... Nonprofit institutions serving households 3 .................... 5 6 1,621.7 952.4 1,620.9 952.1 1,624.0 952.7 1,623.0 947.3 7 671.2 669.7 669.2 671.7 675.8 General g o v e rn m e n t4........... Federal.................................. State and local...................... Residual.................................... 8 9 10 11 1,496.8 459.0 1,037.8 4.4 1,520.5 485.6 1,035.3 9.3 1,522.2 489.5 1,033.2 9.3 1,525.0 492.8 1,032.7 8.2 1,527.0 497.5 1,030.1 6.8 Addendum : Gross housing value added 12 1,185.2 1,190.3 1,191.7 1,193.8 1,190.6 1,191.4 1,188.9 1,630.1 959.3 2008 2009 2009 2010 III IV I II III 1,626.0 942.4 G ross dom estic p ro d u c t................... Less: Exports of goods and services Plus: Imports of goods and services 1 2 3 0.0 6.0 -2.6 -2 .6 -9.5 -13.8 1.6 12.2 21.9 5.0 24.4 4.9 3.7 11.4 11.2 1.7 9.1 33.5 2.0 5.0 17.4 4 5 -3.6 3.0 3.0 3.9 5.1 3.9 683.3 Equals: Gross dom estic purchases Less: Change in private inventories.... -1.1 681.2 1,533.3 504.8 1,029.3 6.6 1,527.6 503.7 1,024.7 5.4 Equals: Final sales to dom estic purchasers....................................... 6 -0.6 -3.1 1.8 0.2 1.3 4.3 2.5 7 0.5 -2.1 0.4 2.1 1.1 0.9 0.6 8 2.1 -3 .8 4.3 5.1 6.2 5.2 4.7 9 2.5 -3.2 3.3 2.2 3.5 4.4 3.3 1,628.1 946.8 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. N ote . Chained (20 05 ) dollar series are calculated as the product of the chain-type quantity index and the 2 0 0 5 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. Addenda: Final sales of domestic product..... Gross domestic purchases, current dollars............................................ Final sales to domestic purchasers, current dollars............................... 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, 2005=100] [Index numbers, 2005=100] Seasonally adjusted Seasonally adjusted Line 2008 2009 Line 2010 2009 IV III I II 2008 2009 2009 III III 2010 IV I II III G ross dom estic p ro d u c t................... Less: Exports of goods and services Plus: Imports of goods and services 1 104.672 101.917 101.760 103.012 103.960 104.403 104.924 2 126.255 114.228 114.174 120.569 123.858 126.592 128.138 3 106.113 91.418 92.752 93.874 96.401 103.613 107.859 Gross dom estic p ro d u c t................... Less: Exports of goods and services Plus: Imports of goods and services 1 108.598 109.618 109.759 109.693 109.959 110.485 111.108 2 111.874 105.877 106.212 107.424 108.771 110.060 110.180 3 118.685 105.987 105.879 111.222 114.514 112.234 109.936 Equals: G ross dom estic purchases Less: Change in private inventories... 4 102.756 5 Equals: G ross dom estic purchases Less: Change in private inventories... 4 109.813 109.614 109.702 110.265 110.838 110.852 111.080 S Equals: Final sales to dom estic purch a se rs ...................................... 6 109.823 109.649 109.757 110.309 110.900 110.917 111.137 Equals: Final sales to dom estic p u rch a se rs ...................................... 99.092 99.045 99.829 100.797 102.070 103.057 6 103.433 100.254 100.386 100.441 100.775 101.852 102.488 Addendum : Final sales of domestic product 7 105.399 103.212 103.146 103.676 103.948 104.181 104.327 Addenda: Final sales of domestic product...... Implicit price deflator for final sales to domestic purchasers.............. 7 108.608 109.647 109.809 109.736 110.020 110.552 111.171 8 109.823 109.649 109.756 110.308 110.899 110.915 111.136 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 (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 III Gross dom estic p ro d u c t........ Less: Exports of goods and services.................................. Plus: Imports of goods and services.................................. Equals: G ross dom estic purchases.............................. Less: Change in private inventories.............................. Equals: Final sales to d om estic p u rc h a s e rs ......... A ddendum : Final sales of domestic product.... .......................... 1 14,369.1 Seasonally adjusted at annual rates 2010 2009 IV I II Line 2008 2009 III 14,119.0 14,114.7 14,277.3 14,446.4 14,578.7 14,730.2 2 1,843.4 1,578.4 1,582.1 1,689.9 1,757.8 1,817.9 1,842.1 3 2,553.8 1,964.7 1,990.5 2,116.3 2,237.6 2,357.1 2,403.5 2009 III G ross dom estic p ro d u c t........ Less: Exports of goods and services.................................. Plus: Imports of goods and services.................................. 2010 IV I II III 1 13,228.8 12,880.6 12,860.8 13,019.0 13,138.8 13,194.9 13,260.7 2 1,647.7 1,490.7 1,490.0 1,573.5 1,616.4 1,652.1 1,672.3 3 2,151.7 1,853.8 1,880.8 1,903.6 1,954.8 2,101.1 2,187.2 130.2 Equals: Gross dom estic purchases.............................. Less: Change in private inventories.............................. 6 15,120.6 14,632.7 14,666.3 14,748.0 14,876.3 15,037.6 15,161.5 Equals: Final sales to dom estic p urchasers.......... 6 13,768.2 13,345.0 13,362.6 13,369.9 13,414.3 13,557.7 13,642.3 7 14,410.2 14,246.3 14,258.0 14,321.5 14,396.4 14,498.3 14,600.0 A ddendum : Final sales of domestic product................................ 7 13,268.1 4 15,079.5 14,505.4 14,523.0 14,703.7 14,926.3 15,118.0 15,291.7 5 -41.1 -127.2 -143.3 -44.2 50.0 80.4 4 13,729.4 13,233.6 13,239.8 13,338.2 13,467.6 13,637.7 13,769.6 5 -37.6 -113.1 -128.2 -36.7 12,992.8 12,984.5 13,051.1 44.1 68.8 115.5 13,085.5 13,114.7 13,133.2 N ote . Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 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. November 2010 D-9 S u r v e y o f C u r r e n t B u s in e s s 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 Line 2008 2009 2009 III Gross dom estic p ro d u c t.......... Personal co nsum ption e xp e n d itu re s................................... Goods................................................ Durable goods.............................. Motor vehicles and p a rts........ Furnishings and durable household equipment......... Recreational goods and vehicles................................ Other durable goods............... Nondurable goods....................... Food and beverages purchased for off-premises consumption........................ Clothing and footw ear............ Gasoline and other energy goods ................................... Other nondurable goods......... S ervices............................................ Household consumption expenditures (for services).... Housing and utilities............... Healthcare............................... Transportation services.......... Recreation services................ Food services and accommodations................ Financial services and insurance.............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (N P IS H s)1.......... Gross output of nonprofit institutions 2 ........................ Less: Receipts from sales of goods and services by nonprofit institutions 3 ........ Seasonally adjusted at annual rates Line 2010 IV I II 2009 III 0.0 -2 .6 1.6 5.0 3.7 1.7 2.0 Percent change at annual rate: 2 3 4 5 -0.3 -2.5 -5.2 -13.8 -1 .2 -2 .0 -3 .7 -6 .9 2.0 7.2 20.1 42.7 0.9 1.7 -1.1 -21.3 1.9 5.7 8.8 -2.6 2.2 3.4 6.8 6.9 2.6 2.8 6.1 1.5 Percentage poin ts at annual rates: 6 -3.6 -6 .4 7.0 9.4 13.9 9.0 5.7 7 8 9 3.3 -3.7 -1.1 1.4 -2 .3 -1 .2 17.1 4.9 1.7 15.8 -0.8 3.1 12.9 18.8 4.2 9.3 -2.2 1.9 12.3 4.2 1.3 10 11 -0.8 -0.6 -0 .9 -4 .4 4.0 0.5 5.1 5.8 3.7 12.0 -2 .9 6.4 3.7 -1.2 12 13 14 -4.7 0.2 0.9 1.2 -1.1 -0 .8 -1 .9 1.4 -0 .5 -2.3 2.4 0.5 0.7 3.3 0.1 3.0 4.5 1.6 -7 .0 3.5 2.5 15 16 17 18 19 0.6 0.8 2.8 -5.2 -0.3 -0 .7 1.1 2.2 -8.1 -2 .4 -0 .8 1.8 -0.1 -3.1 -4 .4 0.2 1.7 1.8 -1.0 -1.0 0.0 -0.5 -0 .3 3.5 -0.1 1.5 1.1 3.1 4.1 -0 .3 2.4 3.3 2.7 3.8 4.9 20 -0.7 -3 .6 -1 .4 0.6 6.9 2.5 3.5 21 22 0.6 -0.3 -3.6 -1 .2 -3 .6 -2.2 -3.7 -1.2 -2 .8 -1.2 1.1 -0 .8 -2.9 2.5 Gross dom estic p ro d u c t.......... 9.0 -4 .2 9.3 8.6 1.2 3.4 4.4 24 2.6 0.6 -0 .3 1.6 -0 .9 3.3 3.7 25 0.5 2.3 -3 .2 -0.5 -1 .6 3.3 3.5 Gross private dom estic investm ent Fixed investment............................... Nonresidential.............................. Structures................................. Equipment and software......... Information processing equipment and software Computers and peripheral equipment Software 4 ....................... O ther................................ Industrial equipment........... Transportation equipment Other equipm ent................ Residential.................................... Change in private inventories......... Farm .............................................. Nonfarm........................................ 26 27 28 29 30 -9.5 -6.4 0.3 5.9 -2 .4 -22.6 -18.3 -17.1 -20.4 -15.3 11.8 0.7 -1 .7 -12 .4 4.2 26.7 -1.3 -1.4 -29.2 14.6 29.1 3.3 7.8 -17.8 20.4 26.2 18.9 17.2 -0 .5 24.8 12.8 0.8 9.7 3.9 12.0 31 6.1 0.2 14.7 22.4 8.4 15.3 5.7 32 33 34 35 36 37 38 39 40 41 13.3 5.8 3.5 -4.2 -23.0 -3.7 -24.0 -1.5 1.7 -1.1 -23.3 -51.5 -22 .3 -22.9 23.1 7.1 22.3 -10.2 -11.2 -6 .4 10.6 80.6 14.2 13.5 -3.0 40.2 -4.3 -0.8 4.8 9.2 8.8 0.2 173.9 32.7 -12.3 45.2 8.1 13.0 44.2 74.8 16.2 25.7 -4.5 8.5 6.9 7.3 42.1 21.6 -29.1 Net expo rts o f g oods and services Exports.............................................. Goods............................................ Services....................................... Im ports.............................................. Goods............................................ S ervices....................................... 42 43 44 45 46 47 48 6.0 6.3 5.3 -2.6 -3.5 2.4 -9 .5 -12.0 -3 .9 -13.8 -15.8 -4.2 12.2 18.7 0.1 21.9 27.4 1.5 24.4 31.7 10.2 4.9 6.2 -0.5 11.4 14.0 5.8 11.2 12.0 7.8 9.1 11.5 3.9 33.5 40.5 4.3 5.0 3.4 8.6 17.4 18.1 14.1 G overnm ent c o nsum ption e xpenditures and gross investm ent........................................ F ederal.............................................. National defense.......................... Consumption expenditures.... Gross investment..................... Nondefense.................................. Consumption expenditures.... Gross investment..................... State and local.................................. Consumption expenditures......... Gross investment......................... 49 50 51 52 53 54 55 56 57 58 59 2.8 7.3 7.5 6.5 14.4 6.7 6.7 7.0 0.3 0.0 1.4 1.6 5.7 5.4 5.3 6.0 6.5 6.9 3.9 -0 .9 -0 .7 -1 .9 1.6 5.7 9.0 7.9 15.6 -0 .9 -2 .8 13.8 -1 .0 -1 .7 1.7 -1.4 0.0 -2.5 -3.6 4.5 5.6 5.4 7.2 -2.3 -0.4 -9 .9 -1 .6 1.8 0.4 0.3 0.7 5.0 2.9 20.8 -3.8 -1.1 -14.4 3.9 9.1 7.4 5.4 20.4 12.8 12.2 17.2 0.6 -0.9 7.5 3.4 8.8 8.5 9.0 5.1 9.6 8.1 20.1 -0.2 -1 .5 5.4 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. Personal consum ption e xp e n d itu re s ................................... G oods................................................ Durable g oo ds.............................. Motor vehicles and p a rts ........ Furnishings and durable household equipment......... Recreational goods and vehicles................................. Other durable goods............... Nondurable g oo ds ....................... Food and beverages purchased for off-premises consumption........................ Clothing and footwear............. Gasoline and other energy goods.................................... Other nondurable goods......... Services............................................. Household consumption expenditures (for services).... Housing and utilities............... Health ca re ............................... Transportation services........... Recreation services................ Food services and accommodations................ Financial services and insurance.............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (N P IS H s)1 .......... Gross output of nonprofit institutions 2......................... Less: Receipts from sales of goods and services by nonprofit institutions 3......... 2010 2009 III 1 23 2008 IV II I III 1 0.0 -2 .6 1.6 5.0 3.7 1.7 2.0 2 3 4 5 -0.18 -0.60 -0.42 -0.39 -0.84 -0.46 -0.27 -0.17 1.41 1.62 1.35 0.83 0.69 0.42 -0.07 -0.56 1.33 1.29 0.62 -0.06 1.54 0.79 0.49 0.15 1.79 0.64 0.44 0.03 6 -0.07 -0.12 0.12 0.16 0.23 0.15 0.10 7 8 9 0.08 -0.04 -0.18 0.03 -0.02 -0.18 0.36 0.05 0.27 0.34 -0.01 0.49 0.28 0.18 0.67 0.20 -0.02 0.31 0.27 0.04 0.20 10 11 -0.04 -0.01 -0.05 -0.10 0.22 0.01 0.28 0.13 0.20 0.26 -0.16 0.14 0.20 -0.03 12 13 14 -0.13 0.01 0.41 0.03 -0.06 -0.38 -0.04 0.08 -0.21 -0.05 0.14 0.27 0.02 0.18 0.03 0.07 0.25 0.75 -0.17 0.20 1.15 15 16 17 18 19 0.25 0.09 0.29 -0.12 -0.01 -0.30 0.14 0.23 -0.18 -0.06 -0.37 0.24 -0.01 -0.07 -0 .12 0.12 0.23 0.21 -0.02 -0.03 0.01 -0.06 -0.04 0.07 0.00 0.69 0.14 0.35 0.08 -0.01 1.07 0.42 0.30 0.08 0.13 20 -0.03 -0.16 -0.06 0.02 0.29 0.11 0.15 21 22 0.03 -0.02 -0.21 -0.07 -0.21 -0 .14 -0.21 -0.08 -0.16 -0.08 0.07 -0.05 -0.17 0.16 23 0.16 -0.08 0.16 0.15 0.02 0.06 0.08 24 0.18 0.04 -0.02 0.12 -0.07 0.25 0.27 25 0.02 0.12 -0 .18 -0.03 -0.09 0.18 0.19 G ross private d om estic investm ent Fixed investment............................... Nonresidential............................... Structures................................. Equipment and software......... Information processing equipment and software Computers and peripheral equipment Software 4........................ Other................................. Industrial equipment........... Transportation equipment Other equipment................. Residential.................................... Change in private inventories......... Fa rm .............................................. Nonfarm........................................ 26 27 28 29 30 -1.53 -1.02 0.03 0.22 -0.19 -3.24 -2.69 -1.96 -0.81 -1.15 1.22 0.12 -0 .13 -0.41 0.28 2.70 -0.12 -0.10 -1.01 0.91 3.04 0.39 0.71 -0.53 1.24 2.88 2.06 1.51 -0.01 1.52 1.54 0.10 0.91 0.10 0.80 31 0.23 0.01 0.52 0.79 0.32 0.57 0.22 32 33 34 35 36 37 38 39 40 41 0.08 0.10 0.05 -0.06 -0.31 -0.05 -1.05 -0.51 0.01 -0.53 -0.01 0.03 -0.02 -0.31 -0.54 -0.30 -0.74 -0.55 0.02 -0.57 0.12 0.13 0.27 -0.11 -0.05 -0 .07 0.25 1.10 -0.19 1.29 0.36 0.25 0.18 -0.03 0.20 -0.05 -0.02 2.83 0.21 2.62 0.03 0.17 0.12 0.00 0.62 0.30 -0.32 2.64 0.07 2.57 0.24 0.15 0.17 0.39 0.40 0.17 0.55 0.82 0.02 0.80 -0 .03 0.16 0.10 0.08 0.28 0.23 -0.80 1.44 -0 .07 1.51 Net e xports o f g oods and services E xports.............................................. G oods............................................ Services........................................ Imports.. G oods............................................ Services........................................ 42 43 44 45 46 47 48 1.18 0.72 0.53 0.19 0.46 0.52 -0.07 1.13 -1.18 -1.04 -0.15 2.32 2.20 0.12 -1 .37 1.30 1.29 0.01 -2 .67 -2 .64 -0 .03 1.90 2.56 2.19 0.37 -0.66 -0.68 0.02 -0.31 1.30 1.09 0.21 -1.61 -1.41 -0.20 -3.50 1.08 0.93 0.15 -4.58 -4.46 -0.12 -2.01 0.61 0.29 0.32 -2.61 -2.25 -0.37 G overnm ent co nsum ption expenditures and gross in vestm en t....................................... Federal............................................... National defense.......................... Consumption expenditures.... Gross investment..................... Nondefense.................................. Consumption expenditures.... Gross investment..................... State and local.................................. Consumption expenditures......... Gross investment......................... 49 50 51 52 53 54 55 56 57 58 59 0.54 0.51 0.36 0.27 0.09 0.15 0.13 0.02 0.04 0.00 0.03 0.32 0.43 0.27 0.23 0.04 0.16 0.14 0.01 -0.11 -0.07 -0.05 0.33 0.45 0.48 0.37 0.12 -0.03 -0 .07 0.04 -0.12 -0 .17 0.05 -0.28 0.01 -0.13 -0.17 0.04 0.14 0.12 0.02 -0.29 -0 .03 -0.25 -0.32 0.15 0.02 0.02 0.01 0.13 0.07 0.06 -0.48 -0.11 -0.36 0.80 0.72 0.40 0.25 0.15 0.32 0.27 0.05 0.08 -0.09 0.17 0.68 0.71 0.46 0.42 0.04 0.25 0.19 0.06 -0.03 -0.15 0.12 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. National Data D-10 November 2010 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, 2005=100] [Index numbers, 2005=100] Seasonally adjusted Line 2008 2009 III Gross dom estic p ro d u c t.......... Personal consum ption e xpe nd itu re s................................... Goods................................................ Durable goods.............................. Motor vehicles and p arts........ Furnishings and durable household equipment......... Recreational goods and vehicles................................ Other durable goods............... Nondurable goods....................... Food and beverages purchased for off-premises consumption........................ Clothing and footw ear............ Gasoline and other energy goods ................................... Other nondurable goods......... S ervices............................................ Household consumption expenditures (for services).... Housing and utilities............... Health care............................... Transportation services.......... Recreation services................ Food services and accommodations................ Financial services and insurance.............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1.......... Gross output of nonprofit institutions 2 ........................ Less: Receipts from sales of goods and services by nonprofit institutions 3 ........ Gross private dom estic investm ent Fixed investment............................... Nonresidential.............................. Structures................................. Equipment and software......... Information processing equipment and software Computers and peripheral equipment Software 4 ....................... O the r................................ Industrial equipment........... Transportation equipment Other equipm ent................ Residential.................................... Seasonally adjusted 2010 2009 IV I II Line 2 105.057 103.797 103.885 104.126 104.608 105.178 105.846 3 103.462 101.416 102.092 102.533 103.952 104.837 105.565 4 102.798 99.011 101.159 100.870 103.025 104.735 106.304 5 85.000 79.093 83.655 78.782 78.271 79.584 79.875 96.222 96.075 98.254 101.506 103.725 105.172 7 129.771 131.643 132.793 137.749 141.981 145.157 149.433 8 101.041 98.669 99.590 99.380 103.753 103.183 104.246 9 103.698 102.487 102.460 103.247 104.321 104.823 105.160 10 103.997 103.023 103.426 104.710 105.672 104.895 105.856 11 108.304 103.570 102.980 104.432 107.436 109.113 108.788 12 92.523 93.660 93.527 92.996 93.155 93.854 92.174 13 107.058 105.867 105.657 106.294 107.148 108.337 109.285 14 105.870 105.006 104.797 104.936 104.952 105.366 106.006 15 16 17 18 19 105.155 103.524 107.148 95.511 107.116 104.448 104.682 109.457 87.758 104.597 104.257 104.835 109.547 87.192 103.883 104.315 105.275 110.028 86.966 103.610 104.320 105.147 109.932 87.710 103.584 104.713 105.437 110.766 88.602 103.498 105.328 106.293 111.498 89.438 104.744 20 104.234 100.461 100.009 100.150 101.838 102.476 103.351 21 108.183 104.265 103.758 102.793 102.074 102.364 101.614 22 105.750 104.526 103.974 103.650 103.334 103.132 103.780 23 124.877 119.597 118.919 121.393 121.755 122.788 124.125 24 108.252 108.852 108.648 109.087 108.846 109.744 110.744 25 103.033 105.361 105.300 105.166 104.756 105.613 106.515 26 90.105 69.778 68.800 27 94.096 76.835 76.447 28 115.532 95.804 95.216 29 131.976 105.064 103.911 30 108.681 92.035 91.716 73.000 76.198 94.879 95.310 94.895 77.811 82.474 84.986 76.826 80.219 80.383 96.677 100.592 102.957 90.761 90.649 91.515 99.408 105.067 108.085 31 125.136 125.368 126.613 133.164 135.861 140.775 142.723 32 33 34 35 36 37 38 39 40 41 2009 III 1 104.672 101.917 101.760 103.012 103.960 104.403 104.924 6 102.827 2008 159.060 156.682 155.815 180.635 182.749 200.624 198.348 116.907 118.929 119.562 123.600 126.350 128.839 131.480 122.185 120.829 123.527 127.510 130.239 134.286 136.536 107.896 82.784 80.998 80.385 80.422 88.127 89.684 78.698 38.207 37.676 41.000 52.744 60.651 66.223 99.177 77.020 74.954 74.133 79.571 82.614 86.753 57.324 44.220 44.185 44.092 42.670 45.177 41.455 2009 III G ross dom estic p ro d u c t.......... Personal consum ption e xp e n d itu re s ................................... G oods................................................ Durable goo ds............................. Motor vehicles and p a rts ........ Furnishings and durable household equipment......... Recreational goods and vehicles................................. Other durable goods............... Nondurable goo ds ....................... Food and beverages purchased for off-premises consumption........................ Clothing and footwear............. Gasoline and other energy goods.................................... Other nondurable goods......... Services............................................. Household consumption expenditures (for services).... Housing and utilitie s............... Health ca re ............................... Transportation services........... Recreation services................ Food services and accommodations................ Financial services and insurance.............................. Other se rvices......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1.......... Gross output of nonprofit institutions2......................... Less: Receipts from sales of goods and services by nonprofit institutions 3......... 2010 IV I II III 1 108.598 109.618 109.759 109.693 109.959 110.485 111.108 2 109.061 109.258 109.598 110.333 110.901 110.888 111.166 3 106.262 103.634 104.403 105.120 105.784 104.812 105.064 4 95.340 93.782 93.450 93.603 93.121 92.755 92.234 5 98.575 98.676 98.961 101.333 102.384 103.041 103.639 6 98.041 97.709 97.357 96.127 95.304 94.310 93.010 7 84.233 79.513 78.653 77.455 76.282 75.327 74.279 8 109.745 111.234 110.981 112.456 111.179 111.571 111.755 9 112.484 109.262 110.624 111.651 112.949 111.638 112.325 10 112.089 113.538 112.967 112.950 113.466 113.916 113.989 11 97.754 98.588 99.207 98.770 98.452 97.439 98.323 12 145.870 106.387 114.356 121.338 128.166 118.788 121.592 13 106.032 110.691 111.605 111.966 112.594 112.604 112.967 14 110.566 112.233 112.355 113.102 113.620 114.116 114.408 15 16 17 18 19 110.832 111.871 109.730 112.406 109.542 112.718 113.240 112.693 115.633 110.815 112.850 113.144 113.041 115.659 111.318 113.631 113.277 113.966 116.730 111.420 114.205 113.389 114.582 117.501 111.325 114.703 113.396 115.286 118.269 111.904 114.978 113.542 115.871 117.925 112.387 20 111.644 114.375 114.436 114.935 115.001 115.794 116.327 21 110.015 109.533 109.436 111.427 113.396 113.758 113.628 22 110.819 113.329 113.667 114.795 115.541 116.488 116.769 23 104.298 101.105 101.003 100.977 100.254 100.713 101.366 24 109.594 111.137 111.438 112.221 112.553 113.322 113.926 25 111.494 114.836 115.280 116.359 117.088 117.972 118.557 G ross private dom estic investm ent Fixed investment............................... Nonresidential............................... Structures................................. Equipment and software......... Information processing equipment and software Computers and peripheral equipment Software 4........................ Other................................. Industrial equipment........... Transportation equipment Other equipment................. Residential.................................... 26 27 28 29 30 106.977 107.053 106.984 125.460 100.083 104.873 105.260 105.700 122.187 99.620 31 92.470 89.062 88.653 32 33 34 35 36 37 38 39 40 41 70.639 101.916 92.483 112.440 102.921 108.232 106.361 64.734 100.364 88.358 113.766 109.977 112.772 102.736 64.049 99.755 88.345 113.741 110.986 112.223 101.637 103.656 104.294 104.768 119.654 99.344 102.952 103.661 103.639 119.291 97.954 102.765 103.487 103.636 119.887 97.764 88.285 87.923 87.583 87.243 63.072 99.973 87.661 114.098 105.729 112.063 102.712 62.638 99,700 87.249 114.362 101.206 110.841 102.869 61.989 99.538 86.909 114.891 100.648 110.947 102.030 61.392 99.256 86.681 115.234 100.440 111.508 101.907 103.466 104.030 104.144 119.017 98.721 102.875 103.539 103.730 120.665 97.651 Net e xpo rts o f goods and services Exports.............................................. Goods............................................ S ervices....................................... Im ports.............................................. Goods............................................ S ervices....................................... 4? 43 44 45 46 47 48 126.255 127.649 123.095 106.113 105.189 111.167 114.228 112.377 118.303 91.418 88.615 106.461 114.174 112.474 117.933 92.752 90.324 105.915 120.569 120.484 120.822 93.874 91.691 105.772 123.858 124.495 122.533 96.401 94.321 107.766 126.592 127.939 123.708 103.613 102.690 108.916 128.138 129.014 126.292 107.859 107.056 112.572 Net exports o f g oods and services E xports.............................................. Goods............................................ Services........................................ Imports............................................... G oods............................................ Services........................................ 4? 43 44 45 46 47 48 111.874 111.970 111.643 118.685 119.603 113.921 105.877 104.403 109.172 105.987 104.908 110.711 106.212 104.892 109.164 105.879 104.680 111.179 107.424 106.072 110.437 111.222 110.650 113.650 108.771 107.565 111.451 114.514 114.497 114.351 110.060 108.965 112.480 112.234 111.653 114.813 110.180 109.098 112.568 109.936 109.033 114.152 Government consum ption expenditures and gross investm ent....................................... Federal.............................................. National defense.......................... Consumption expenditures.... Gross investment..................... Nondefense.................................. Consumption expenditures.... Gross investment..................... State and local.................................. Consumption expenditures......... Gross investment......................... 49 50 51 52 53 54 55 56 57 58 59 105.605 110.900 111.653 109.175 129.524 109.326 108.284 116.678 102.611 102.328 103.812 107.287 117.266 117.648 114.933 137.252 116.467 115.768 121.237 101.688 101.655 101.854 107.991 119.085 120.237 117.326 141.271 116.687 115.800 122.874 101.770 101.444 103.135 107.613 119.091 119.477 116.251 142.838 118.283 117.321 125.021 101.179 101.354 100.474 107.185 119.634 119.582 116.337 143.089 119.738 118.171 131.075 100.213 101.076 96.642 108.228 122.276 121.732 117.866 149.875 123.410 121.627 136.377 100.367 100.847 98.399 109.125 124.891 124.229 120.441 151.767 126.271 124.023 142.777 100.310 100.465 99.699 G overnment consum ption expenditures and gross in vestm en t....................................... Federal............................................... National defense.......................... Consumption expenditures.... Gross investment..................... Nondefense.................................. Consumption expenditures.... Gross investment..................... State and local.................................. Consumption expenditures......... Gross investment......................... 49 50 51 52 53 54 55 56 57 58 59 115.009 111.119 112.109 113.091 105.781 109.077 110.000 103.021 117.349 116.766 119.842 114.644 110.895 111.342 112.240 105.507 109.984 111.156 102.299 116.892 115.608 122.380 114.635 110.716 111.153 112.059 105.274 109.822 111.067 101.655 116.998 115.943 121.512 115.067 111.141 111.590 112.522 105.559 110.222 111.496 101.866 117.434 116.587 121.054 116.358 112.375 113.046 114.191 105.807 110.997 112.389 101.884 118.760 118.148 121.341 116.606 112.615 113.377 114.555 105.950 111.053 112.466 101.806 119.014 118.356 121.800 116.734 112.718 113.489 114.698 105.893 111.138 112.531 102.017 119.158 118.422 122.284 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. N ovem ber 20 1 0 Su r v e y C of urrent B u s in e s s D -1 1 Table 1.5.5. Gross Domestic Product, Expanded Detail [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 2010 III IV I II III G ross dom estic p ro d u c t....................................................................................................................... 1 14,369.1 14,119.0 14,114.7 14,277.3 14,446.4 14,578.7 14,730.2 Personal co nsum ption e xpenditures.......................................................................................................... Go ods...................................................................................................................... Durable g o od s........................................................................................................ Motor vehicles and parts.................... Furnishings and durable household equipment........................................................... Recreational goods and vehicles......... Other durable goods......................... Nondurable go o d s............................... Food and beverages purchased for off-premises consumption........................................ Clothing and footwear........................................................................................... Gasoline and other energy go od s............................................................................ Other nondurable goods........................................................................................ Services................................................................................................................... Household consumption expenditures (for services)........................................................ Housing and utilities............................................................................................. Healthcare........ Transportation services......................................................................................... Recreation services 19 Food services and accommodations......................................................................... Financial services and insurance............................................................................. Other services..................................................................................................... Final consumption expenditures of nonprofit institutions serving households ( N P IS H s ) 1.......... Gross output of nonprofit institutions 2...................................................................... Less: Receipts from sales of goods and services by nonprofit institutions3........................ 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 10,104.5 3,379.5 1,083.5 343.2 266.0 331.6 142.6 2,296.0 775.2 334.1 411.4 775.4 6,725.0 6,446.1 1,833.1 1,547.2 306.9 383.4 611.3 848.1 916.0 278.8 1,037.6 758.8 10,001.3 3,230.7 1,026.5 319.7 248.1 317.5 141.1 2,204.2 777.9 322.2 303.7 800.4 6,770.6 6,511.8 1,876.3 1,623.2 290.1 378.8 603.6 813.8 925.9 258.9 1,058.1 799.2 10,040.7 3,276.1 1,045.2 339.1 246.9 317.1 142.1 2,231.0 777.0 322.4 326.2 805.5 6,764.6 6,507.5 1,877.5 1,629.5 288.3 377.9 601.2 809.3 923.8 257.1 1,059.0 801.9 10,131.5 3,312.9 1,043.9 327.0 249.3 323.9 143.7 2,269.0 786.5 325.5 344.1 812.9 6,818.6 6,556.2 1,887.6 1,650.1 290.2 377.3 604.7 816.3 930.1 262.4 1,070.7 808.3 10,230.8 3,380.0 1,060.7 328.3 255.3 328.8 148.3 2,319.3 797.4 333.8 364.1 824.1 6,850.9 6,589.6 1,887.1 1,657.5 294.6 376.8 615.2 824.9 933.3 261.3 1,071.5 810.2 10,285.4 3,377.5 1,074.1 335.9 258.2 331.9 148.0 2,303.4 794.6 335.5 340.0 833.3 6,907.9 6,643.2 1,892.5 1,680.4 299.6 378.5 623.3 829.9 939.1 264.7 1,087.7 823.0 10,376.7 3,409.0 1,084.1 339.1 258.2 337.0 149.8 2,325.0 802.4 337.5 341.8 843.3 6,967.6 6,698.3 1,910.3 1,700.1 301.5 384.7 631.5 822.9 947.2 269.3 1,103.5 834.2 1,589.2 1,716.4 1,364.4 451.6 912.8 530.7 80.0 260.2 190.4 150.4 76.4 155.4 352.1 -127.2 3.8 -131.1 1,548.5 1,691.8 1,343.8 436.6 907.2 533.7 78.9 260.0 194.7 147.1 76.0 150.5 348.0 -143.3 -0.7 -142.6 1,637.7 1,681.9 1,330.9 398.2 932.7 559.0 90.1 269.4 199.5 146.4 78.8 148.6 351.0 -44.2 7.1 -51.3 1,739.7 1,689.8 1,349.6 380.1 969.5 568.0 90.5 274.7 202.8 146.8 97.0 157.7 340.2 50.0 9.3 40.7 1,841.8 1,761.4 1,404.2 381.5 1,022.7 586.2 98.4 279.6 208.3 161.6 110.9 163.9 357.2 80.4 9.6 70.8 1,896.1 1,765.9 1,438.5 387.7 1,050.9 592.0 96.3 284.5 211.2 165.0 120.8 173.0 327.4 130.2 7.5 122.7 20 21 22 23 24 25 G ross private dom estic investm en t............................................................................................................ Fixed investment.................. Nonresidential................. Structures................... Equipment and software........................................................................................ Information processing equipment and software....................................................... Computers and peripheral equipment................................................................. Software 4................................................................................................... Other......... Industrial equipment.......................................................................................... Transportation equipment................................................................................... Other equipment.............................................................................................. Residential............ Change in private inventories........................................................................................ Farm.................... 40 Nonfarm................................................................................................................ 26 27 28 29 30 31 32 33 34 35 36 37 38 39 41 2,096.7 2,137.8 1,665.3 582.4 1,082.9 549.9 88.6 259.7 201.6 193.7 147.2 192.1 472.5 -41.1 1.6 -42.7 Net e xpo rts o f goods and services Exports............................. Goods........................... Services........................ Imports.................................................................................................................... G o ods................................................................. Services.............................................................. 42 43 44 45 46 47 48 -710.4 1,843.4 1,295.1 548.3 2,553.8 2,148.8 405.0 -386.4 1,578.4 1,063.1 515.3 1,964.7 1,587.8 376.9 -408.3 1,582.1 1,068.6 513.6 1,990.5 1,613.8 376.6 -426.4 1,689.9 1,157.6 532.3 2,116.3 1,731.8 384.5 -479.9 1,757.8 1,213.0 544.8 2,237.6 1,843.5 394.1 -539.3 1,817.9 1,262.8 555.1 2,357.1 1,957.2 400.0 -561.5 1,842.1 1,274.9 567.1 2,403.5 1,992.5 411.0 G overnment consum ption expenditures and gross investm ent Federal................................................................... National defense..................................................................................................... Consumption expenditures..................................................................................... Gross investment.......... Nondefense................... Consumption expenditures..................................................................................... Gross investment.......... State and local.................... Consumption expenditures.. Gross investment..................................................................................................... 49 50 51 52 53 54 55 56 57 58 59 2,878.3 1,079.9 737.3 635.7 101.7 342.5 299.0 43.6 1,798.5 1,448.2 350.3 2,914.9 1,139.6 771.6 664.1 107.5 368.0 323.0 45.0 1,775.3 1,424.4 351.0 2,933.8 1,155.4 787.3 676.9 110.4 368.1 322.8 45.3 1,778.4 1,425.6 352.8 2,934.5 1,159.9 785.4 673.5 111.9 374.5 328.3 46.2 1,774.7 1,432.2 342.4 2,955.7 1,178.1 796.3 684.0 112.4 381.8 333.3 48.4 1,777.6 1,447.4 330.2 2,990.8 1,206.7 813.0 695.2 117.9 393.7 343.3 50.3 1,784.1 1,446.7 337.4 3,018.9 1,233.6 830.5 711.2 119.3 403.1 350.3 52.8 1,785.3 1,442.0 343.3 1. 2. 3. 4. Net expenses of NPISHs, defined as their gross operating expenses less prim ary sales to households. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. Excludes software “embedded,” or bundled, in computers and other equipment. N ovem ber 2010 N a t io n a l D a t a D -1 2 Table 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 2010 2009 III IV I II III Gross dom estic p ro d u c t....................................................................................................................... 1 13,228.8 12,880.6 12,860.8 13,019.0 13,138.8 13,194.9 13,260.7 Personal consu m p tion expe nd itu re s.......................................................................................................... G oods.......................... Durable g o o d s............ Motor vehicles and parts........................................................................................ Furnishings and durable household equipment........................................................... Recreational goods and vehicles............................................................................. Other durable goods........... Nondurable g o o d s................................................................................................... Food and beverages purchased for off-premises consumption........................................ Clothing and footwear........................................................................................... Gasoline and other energy go od s............................................................................ Other nondurable goods..... Services................................ Household consumption expenditures (for services)......................................................... Housing and utilities.............................................................................................. Health care............ Transportation services......................................................................................... Recreation services... Food services and accommodations......................................................................... Financial services and insurance............................................................................. Other services........ Final consumption expenditures of nonprofit institutions serving households ( N P IS H s ) 1.......... Gross output of nonprofit institutions 2....................................................................... Less: Receipts from sales of goods and services by nonprofit institutions 3........................ 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 9,265.0 3,180.3 1,136.4 348.2 271.4 393.7 129.9 2,041.2 691.6 341.7 282.0 731.3 6,082.3 5,816.1 1,638.6 1,410.0 273.1 350.0 547.6 770.9 826.5 267.3 946.8 680.6 9,153.9 3,117.4 1,094.6 324.0 253.9 399.3 126.9 2,017.4 685.1 326.8 285.5 723.1 6,032.7 5,777.0 1,656.9 1,440.4 250.9 341.8 527.7 743.0 817.0 256.0 952.1 696.0 9,161.6 3,138.2 1,118.3 342.7 253.5 402.8 128.1 2,016.9 687.8 324.9 285.1 721.7 6,020.7 5,766.5 1,659.4 1,441.6 249.3 339.5 525.4 739.4 812.7 254.6 950.3 695.6 9,182.9 3,151.8 1,115.1 322.7 259.3 417.9 127.8 2,032.3 696.3 329.5 283.5 726.0 6,028.7 5,769.7 1,666.3 1,447.9 248.6 338.6 526.1 732.5 810.1 259.9 954.1 694.7 9,225.4 3,195.4 1,138.9 320.6 267.9 430.7 133.4 2,053.5 702.7 339.0 284.0 731.9 6,029.6 5,769.9 1,664.3 1,446.7 250.8 338.5 535.0 727.4 807.7 260.6 952.0 692.0 9,275.7 3,222.6 1,157.8 326.0 273.7 440.3 132.7 2,063.4 697.6 344.3 286.1 740.0 6,053.4 5,791.7 1,668.9 1,457.6 253.3 338.2 538.3 729.5 806.1 262.9 959.9 697.6 9,334.6 3,245.0 1,175.2 327.2 277.5 453.3 134.1 2,070.0 704.0 343.3 281.0 746.5 6,090.1 5,825.7 1,682.5 1,467.3 255.7 342.3 542.9 724.1 811.1 265.7 968.6 703.6 G ross private d om estic in vestm en t............................................................................................................ Fixed investment......................................................................................................... Nonresidential........................................................................................................ Structures........................................... Equipment and software......................................................................................... Information processing equipment and software....................................................... Computers and peripheral equipment4 Software5 ........................................................................................... Other.............. Industrial equipment Transportation equipment.................................................................................... Other equipment.... Residential................. Change in private inventories......................................................................................... Farm........................ Nonfarm................................................................................................................. 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 1,957.3 1,997.0 1,556.6 464.2 1,082.0 594.7 1,515.7 1,630.7 1,290.8 369.6 916.3 595.8 1,494.5 1,622.4 1,282.9 365.5 913.1 601.8 1,585.7 1,617.1 1,278.3 335.3 944.7 632.9 1,690.2 1,630.5 1,302.6 319.3 989.7 645.7 1,791.5 1,702.5 1,355.3 318.9 1,046.0 669.1 1,846.1 1,706.0 1,387.2 321.9 1,076.1 678.3 254.9 217.9 172.2 143.0 177.5 444.2 -37.6 1.0 -39.0 259.3 215.5 132.2 69.4 137.8 342.7 -113.1 3.4 -116.9 260.7 220.3 129.3 68.5 134.1 342.4 -128.2 -0.6 -127.7 269.5 227.4 128.3 74.5 132.7 341.7 -36.7 6.4 -43.0 275.4 232.3 128.4 95.8 142.4 330.7 44.1 7.6 36.5 280.9 239.5 140.7 110.2 147.8 350.1 68.8 7.8 61.0 286.6 243.5 143.2 120.3 155.2 321.3 115.5 5.9 109.9 Net e xpo rts o f g oods and services Exports........................ Goods...................... Services................... Imports........................ Goods...................... Services................... 42 43 44 45 46 47 48 -504.1 1,647.7 1,156.6 491.1 2,151.7 1,796.6 355.5 -363.0 1,490.7 1,018.2 472.0 1,853.8 1,513.5 340.5 -390.8 1,490.0 1,019.1 470.5 1,880.8 1,542.7 338.7 -330.1 1,573.5 1,091.7 482.0 1,903.6 1,566.1 338.3 -338.4 1,616.4 1,128.0 488.9 1,954.8 1,611.0 344.6 -449.0 1,652.1 1,159.2 493.6 2,101.1 1,753.9 348.3 -514.9 1,672.3 1,169.0 503.9 2,187.2 1,828.5 360.0 49 50 51 52 2,502.7 971.8 657.7 562.1 96.1 314.0 271.8 42.3 1,532.6 1,240.2 292.3 -5.7 2,542.6 1,027.6 693.0 591.7 101.9 334.6 290.6 44.0 1,518.8 1,232.1 286.8 2.3 2,559.3 1,043.5 708.3 604.0 104.8 335.2 290.7 44.5 1,520.0 1,229.5 290.4 4.7 2,550.3 1,043.6 703.8 598.5 106.0 339.8 294.5 45.3 1,511.2 1,228.4 282.9 -13.7 2,540.2 1,048.4 704.4 598.9 106.2 344.0 296.6 47.5 1,496.8 1,225.1 272.1 -22.1 2,564.9 1,071.5 717.1 606.8 111.2 354.5 305.3 49.4 1,499.1 1,222.3 277.0 -37.8 2,586.1 1,094.4 731.8 620.1 112.6 362.7 311.3 51.8 1,498.2 1,217.7 280.7 -40.0 ..................................................... G overnm ent c o nsu m p tion expenditures and gro ss investm ent Federal..................................................................................................................... National defense......... Consumption expenditures..................................................................................... Gross investment 53 Nondefense............... Consumption expenditures..................................................................................... Gross investment..... State and local............... Consumption expenditures......................................................................................... Gross investment........ Residual...................................................................................................................... 54 55 56 57 58 59 60 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. The quantity index for computers can be used to accurately measure the real growth of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component's relative 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. 5. Excludes software “embedded,” or bundled, in computers and other equipment. Note. The residual line is the difference between the first line and the sum of the most detailed lines. Novem ber 2010 Su r v e y of C urrent B u s in e s s D -1 3 Table 1.6.4. Price Indexes for Table 1.6.7. Percent Change From Preceding Period in Gross Domestic Purchases [Index numbers, 2005=100] Prices for Gross Domestic Purchases [Percent] Seasonally adjusted Line Gross dom estic p u rc h a s e s ........... Personal consu m p tion expenditures G o ods...................................... Durable g o o d s........................ Motor vehicles and parts....... Furnishings and durable household equipment........ Recreational goods and vehicles.......................... Other durable goods............. Nondurable go o d s................... Food and beverages purchased for off-premises consumption Clothing and footwear........... Gasoline and other energy goods ............................ Other nondurable goods........ Services.................................. Household consumption expenditures....................... Housing and utilities............. Health care........................ Transportation services......... Recreation services.............. Food services and accommodations.............. Financial services and insurance........................ Other services.................... Final consumption expenditures of nonprofit institutions serving households (N P ISH s)........... Gross private dom estic investm ent 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............................. Chanqe in private inventories........ Farm.................................... Nonfarm................................ G overnment consum ption expenditures and gross investm ent......................................... Federal.................................... National defense..................... Consumption expenditures..... Gross investment................. Nondefense........................... Consumption expenditures..... Gross investment................. State and local........................... Consumption expenditures..... Gross investment................. Addenda: Final sales of computers to domestic purchasers 2.......................... Gross domestic purchases excluding final sales of computers to domestic purchasers................ Food 3...................................... Energy goods and services........... Gross domestic purchases excluding food and energy...................... Gross domestic product............... Gross domestic product excluding final sales of computers...................... Food 3 .............................. Energy goods and services.... Gross domestic product excluding food and energy... Final sales of domestic product...... Final sales to domestic purchasers Implicit price deflator for gross domestic purchases................ 2008 2009 2009 Seasonally adjusted at annual rates 2010 Line III IV I II III 2009 2010 2009 III IV I II III 1 109.813 109.614 109.702 110.265 110.838 110.852 111.080 Gross dom estic purchases............ 1 3.2 -0 .2 1.4 2.1 2.1 0.1 0.8 2 3 4 5 109.061 106.262 95.340 98.575 109.258 103.634 93.782 98.676 109.598 104.403 93.450 98.961 110.333 105.120 93.603 101.333 110.901 105.784 93.121 102.384 110.888 104.812 92.755 103.041 111.166 105.064 92.234 103.639 2 3 4 5 3.3 3.2 -1.4 -1.1 0.2 -2.5 -1.6 0.1 2.9 5.7 -2.5 4.9 2.7 2.8 0.7 9.9 2.1 2.6 -2.0 4.2 0.0 -3.6 -1.6 2.6 1.0 1.0 -2.2 2.3 6 98.041 97.709 97.357 96.127 95.304 94.310 93.010 6 -0.6 -0.3 -5.9 -5.0 -3.4 -4.1 -5.4 7 8 9 84.233 109.745 112.484 79.513 111.234 109.262 78.653 110.981 110.624 77.455 112.456 111.651 76.282 111.179 112.949 75.327 111.571 111.638 74.279 111.755 112.325 7 8 9 -4.5 3.7 5.6 -5.6 1.4 -2.9 -8.3 0.3 9.7 -6.0 5.4 3.8 -5.9 -4.5 4.7 -4.9 1.4 -4.6 -5.5 0.7 2.5 10 11 112.089 97.754 113.538 98.588 112.967 99.207 112.950 98.770 113.466 98.452 113.916 97.439 113.989 98.323 10 11 6.0 -0.8 1.3 0.9 -2.4 3.6 -0.1 -1.8 1.8 -1.3 1.6 -4.1 0.3 3.7 12 13 14 145.870 106.032 110.566 106.387 110.691 112.233 114.356 111.605 112.355 121.338 111.966 113.102 128.166 112.594 113.620 118.788 112.604 114.116 121.592 112.967 114.408 12 13 14 17.7 2.4 3.4 -27.1 4.4 1.5 88.1 2.6 1.7 26.8 1.3 2.7 24.5 -26.2 2.3 0.0 1.8 1.8 9.8 1.3 1.0 15 16 17 18 19 110.832 111.871 109.730 112.406 109.542 112.718 113.240 112.693 115.633 110.815 112.850 113.144 113.041 115.659 111.318 113.631 113.277 113.966 116.730 111.420 114.205 113.389 114.582 117.501 111.325 114.703 113.396 115.286 118.269 111.904 114.978 113.542 115.871 117.925 112.387 15 16 17 18 19 3.5 3.6 2.7 5.4 3.1 1.7 1.2 2.7 2.9 1.2 1.7 -0.2 2.8 2.6 4.0 2.8 0.5 3.3 3.8 0.4 2.0 0.4 2.2 2.7 -0.3 1.8 0.0 2.5 2.6 2.1 1.0 0.5 2.0 -1.2 1.7 20 111.644 114.375 114.436 114.935 115.001 115.794 116.327 20 4.0 2.4 0.5 1.8 0.2 2.8 1.9 21 22 110.015 110.819 109.533 113.329 109.436 113.667 111.427 114.795 113.396 115.541 113.758 116.488 113.628 116.769 Personal co nsum ption expenditures G o ods...................................... Durable g o o d s........................ Motor vehicles and parts....... Furnishings and durable household equipment........ Recreational goods and vehicles......................... Other durable goods............. Nondurable go od s................... Food and beverages purchased for off-premises consumption Clothing and footwear........... Gasoline and other energy goods............................. Other nondurable goods........ Services................................... Household consumption expenditures....................... Housing and utilities............. Health care........................ Transportation services......... Recreation services.............. Food services and accommodations.............. Financial services and insurance........................ Other services.................... Final consumption expenditures of nonprofit institutions serving households (N P ISH s)........... 21 22 3.0 4.1 -0.4 2.3 1.7 3.2 7.5 4.0 7.3 2.6 1.3 3.3 -0.5 1.0 23 104.298 101.105 101.003 100.977 100.254 100.713 101.366 24 25 26 27 28 106.977 107.053 106.984 125.460 100.083 104.873 105.260 105.700 122.187 99.620 103.656 104.294 104.768 119.654 99.344 103.466 104.030 104.144 119.017 98.721 102.952 103.661 103.639 119.291 97.954 102.765 103.487 103.636 119.887 97.764 102.875 103.539 103.730 120.665 97.651 29 92.470 89.062 88.653 88.285 87.923 87.583 87.243 30 31 32 33 34 35 36 37 38 39 70.639 101.916 92.483 112.440 102.921 108.232 106.361 64.734 100.364 88.358 113.766 109.977 112.772 102.736 64.049 99.755 88.345 113.741 110.986 112.223 101.637 63.072 99.973 87.661 114.098 105.729 112.063 102.712 62.638 99.700 87.249 114.362 101.206 110.841 102.869 61.989 99.538 86.909 114.891 100.648 110.947 102.030 61.392 99.256 86.681 115.234 100.440 111.508 101.907 G ross private dom estic investm ent 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............................. 40 41 42 43 44 45 46 4/ 48 49 50 115.009 111.119 112.109 113.091 105.781 109.077 110.000 103.021 117.349 116.766 119.842 114.644 110.895 111.342 112.240 105.507 109.984 111.156 102.299 116.892 115.608 122.380 114.635 110.716 111.153 112.059 105.274 109.822 111.067 101.655 116.998 115.943 121.512 115.067 111.141 111.590 112.522 105.559 110.222 111.496 101.866 117.434 116.587 121.054 116.358 112.375 113.046 114.191 105.807 110.997 112.389 101.884 118.760 118.148 121.341 116.606 112.615 113.377 114.555 105.950 111.053 112.466 101.806 119.014 118.356 121.800 116.734 112.718 113.489 114.698 105.893 111.138 112.531 102.017 119.158 118.422 122.284 Government consum ption expenditures and gross in vestm ent......................................... Federal..................................... National defense..................... Consumption expenditures..... Gross investment................. Nondefense........................... Consumption expenditures..... Gross investment................. State and local........................... Consumption expenditures..... Gross investment................. 51 68.563 61.477 60.337 59.433 58.903 58.146 57.696 62 53 54 110.322 112.038 136.288 110.236 113.396 109.541 110.344 112.776 112.982 110.932 112.772 118.309 111.525 113.138 122.569 111.555 113.496 116.855 111.795 113.702 118.385 bb 56 108.668 108.598 109.422 109.618 109.429 109.759 109.839 109.693 110.274 109.959 110.491 110.485 110.669 111.108 b/ 58 59 108.999 114.294 87.227 110.128 114.629 99.394 110.293 114.164 104.156 110.230 113.766 87.449 110.512 113.899 81.351 111.054 113.754 93.428 111.695 114.204 111.393 60 61 62 108.672 108.608 109.823 109.495 109.647 109.649 109.524 109.809 109.757 109.919 109.736 110.309 110.392 110.020 110.900 110.662 110.552 110.917 110.892 111.171 111.137 63 109.834 109.611 109.693 110.238 110.831 110.854 111.054 1. Excludes software “embedded,” or bundled, in computers and other equipment. 2. Some components of final sales of computers include computer parts. 3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services. 2008 Addenda: Final sales of computers to domestic purchasers 2.......................... Gross domestic purchases excluding final sales of computers to domestic purchasers............... Food 3...................................... Energy goods and services........... Gross domestic purchases excluding food and energy...................... Gross domestic product............... Gross domestic product excluding final sales of computers....................... Food 3............................... Energy goods and services.... Gross domestic product excluding food and energy.... Final sales of domestic product...... Final sales to domestic purchasers Implicit price deflator for gross domestic purchases 4............... 23 0.7 -3.1 0.9 -0.1 -2.8 1.8 2.6 24 25 26 27 28 0.7 0.8 1.4 4.7 -0.2 -2 .0 -1.7 -1.2 -2.6 -0.5 -6.0 -4.8 -5.1 -10.5 -2.4 -0 .7 -1.0 -2.4 -2.1 -2.5 -2.0 -1.4 -1.9 0.9 -3.1 -0 .7 -0.7 0.0 2.0 -0.8 0.4 0.2 0.4 2.6 -0.5 29 -1.7 -3.4 -3.7 -2.3 30 -10.1 0.2 31 -4.8 32 33 4.8 34 0.5 3.4 35 36 -1.2 37 38 39 -8.4 -1.5 -4.5 1.2 6.9 4.2 -3.4 -6.1 -3.2 0.7 0.7 -6.9 -3.5 -3.3 40 41 42 43 44 45 46 47 48 49 50 4.7 3.1 3.6 3.8 2.2 2.2 2.4 0.6 5.6 5.8 5.0 -0.3 -0.2 -0.7 -0.8 -0.3 0.8 1.1 -0.7 -0.4 -1.0 2.1 0.4 -0.1 0.3 0.4 -0.4 -1.0 -0.6 -3.6 0.8 2.1 -4.6 51 -11.1 -10.3 3.3 -0.1 6.0 1.2 14.4 -19.6 52 53 54 -1.6 -1.5 -1.5 -2.7 -6.0 -1.1 0.9 -3.1 -1.9 0.9 1.3 -17.6 -16.0 -0.6 -4.3 0.6 4.3 -4.1 -0.6 -1.5 1.9 -2.2 0.4 -3.2 -3.8 -1.1 -1.0 1.2 -0.8 2.0 -0.5 1.5 1.5 1.6 1.7 1.1 1.5 1.6 0.8 1.5 2.2 -1.5 4.6 4.5 5.3 6.1 0.9 2.8 3.2 0.1 4.6 5.5 1.0 0.9 0.9 1.2 1.3 0.5 0.2 0.3 -0.3 0.9 0.7 1.5 0.4 0.4 0.4 0.5 -0.2 0.3 0.2 0.8 0.5 0.2 1.6 -11.1 -5.9 -3.5 -5.0 -3.1 1.5 -2.5 39.7 2.1 0.0 20.2 2.2 0.1 1.3 1.3 15.2 -17.4 0.9 0.7 5.3 55 56 2.6 ?.2 0.7 0.9 0.4 0.7 1.5 -0.? 1.6 1.0 0.8 1.9 0.6 2.3 57 58 59 2.3 7.2 -21.1 1.0 0.3 13.9 0.9 -3.0 14.7 -0.2 -1.4 -50.3 1.0 0.5 -25.1 2.0 -0.5 74.0 2.3 1.6 102.1 60 61 62 2.3 2.2 3.2 0.8 1.0 -0.2 0.6 0.8 1.5 1.5 -0.3 2.0 1.7 1.0 2.2 1.0 1.9 0.1 0.8 2.3 0.8 63 3.2 -0.2 1.3 2.0 2.2 0.1 0.7 1. Excludes software “embedded," or bundled, in computers and other equipment. 2. Some components of final sales of computers include computer parts. 3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classi fied in food services. 4. The percent change for this series is calculated from the implicit price deflator in NIPA table 1.6.4. D -1 4 N ovem ber 2010 N a tio n a l D a t a Table 1.6.8. Contributions to Percent Change in Table 1.7.1. Percent Change from Preceding Period in Real Gross Domestic the Gross Domestic Purchases Price Index Product, Real Gross National Product, and Real Net National Product [Percent] Seasonally adjusted at annual rates Line 2008 2009 2009 III Seasonally adjusted at annual rates 2010 IV II I Line Percent change at annual rate: Gross dom estic p u rc h a s e s ........... 1 3.2 -0 .2 1.4 2.1 2.1 0.1 0.8 2 3 4 5 2.21 0.73 -0.11 -0.03 0.12 -0.56 -0.12 0.00 1.92 1.19 -0.19 0.10 1.82 0.61 0.04 0.22 1.43 0.57 -0.15 0.09 -0.03 -0.83 -0.11 0.06 0.68 0.21 -0.16 0.05 6 -0.01 -0.01 -0.11 -0.09 -0.06 -0.07 -0.09 7 8 9 -0.11 0.03 0.84 -0.13 0.01 -0.44 -0.19 0.00 1.38 -0.14 0.05 0.56 -0.13 -0.04 0.72 -0.11 0.01 -0.72 -0.12 0.01 0.37 10 11 0.30 -0.02 0.07 0.02 -0.13 0.08 -0.01 -0.04 0.10 -0.03 0.08 -0.09 0.01 0.08 12 13 14 0.43 0.12 1.48 -0.76 0.23 0.68 1.29 0.14 0.73 0.54 0.07 1.21 0.53 0.12 0.85 -0.71 0.00 0.80 0.21 0.07 0.47 Percentage poin ts at annual rates: Personal consu m p tion expenditures Goods...................................... Durable go od s........................ Motor vehicles and parts....... Furnishings and durable household equipment........ Recreational goods and vehicles......................... Other durable goods............. Nondurable go o d s................... Food and beverages purchased for off-premises consumption Clothing and footwear........... Gasoline and other energy g o o d s............................ Other nondurable goods........ Services.................................. Household consumption expenditures....................... Housing and utilities............. Health care........................ Transportation services......... Recreation services.............. Food services and accommodations.............. Financial services and insurance........................ Other services.................... Final consumption expenditures of nonprofit institutions serving households (N P ISH s)........... Gross private dom estic investm ent 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................................ G overnment consum ption expenditures and gross investm ent.......................................... Federal.................................... National defense..................... Consumption expenditures..... Gross investment................. Nondefense........................... Consumption expenditures..... Gross investment................. State and local........................... Consumption expenditures..... Gross investment................. Addenda: Final sales of computers to domestic purchasers 2.......................... Gross domestic purchases excluding final sales of computers to domestic purchasers............... Food 3...................................... Energy goods and services........... Gross domestic purchases excluding food and energy...................... 2009 2009 III G ross dom estic p ro d u c t............ Plus: Income receipts from the 1 0.0 -2.6 2010 IV I II 1.6 5.0 3.7 III 1.7 2.0 7 -6.6 -24.9 9.1 23.7 16.7 1.3 3 -13.9 -27.2 -18.0 35.5 0.8 -1.4 4 5 6 7 8 0.3 3.2 3.2 3.3 3.5 -2 .8 1.8 1.5 3.3 3.5 2.6 0.5 0.0 3.0 3.1 4.9 0.7 0.3 2.8 2.9 4.4 1.3 1.1 2.6 2.7 1.8 1.9 1.6 3.0 3.2 2.3 2.1 3.3 3.6 2.2 Less: Income payments to the rest Equals: Gross national product Less: Consumption of fixed capital Private.................... Government.............. General government Government enterprises........ Equals: Net national product 9 2.4 2.2 2.1 2.0 1.8 2.2 10 -0.1 -3.4 3.0 5.5 4.9 1.8 11 1? 13 14 15 -0.8 -0.5 -0.5 -1 .4 -1.7 -2.9 -3.1 -3.3 -3.6 -4.4 0.0 1.0 1.8 -0.1 3.3 6.7 6.6 5.7 7.7 3.4 4.1 4.8 4.1 4.5 4.3 1.3 1.4 1.7 1.2 5.6 16 2.5 -1.9 3.4 4.6 5.5 3.8 Addenda: 15 16 17 18 19 1.47 0.43 0.27 0.11 0.08 0.74 0.15 0.29 0.06 0.03 0.72 -0.03 0.31 0.05 0.10 1.22 0.06 0.36 0.07 0.01 0.90 0.05 0.24 0.05 -0.01 0.77 0.00 0.27 0.05 0.05 0.42 0.06 0.23 -0.02 0.04 20 0.16 0.10 0.02 0.07 0.01 0.11 0.08 21 22 0.17 0.25 -0.02 0.14 0.08 0.19 0.39 0.25 0.39 0.16 0.07 0.20 -0.02 0.06 Gross national income 2........ Net domestic product............ Net domestic purchases........ Gross national product, current 2.0 4.2 1. Gross domestic income deflated by the implicit price deflator for gross domestic product. 2. Gross national income deflated by the implicit price deflator for gross national product. 3. Net domestic income deflated by the implicit price deflator for net domestic product. Table 1.7.3. Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity Indexes [Index numbers, 2005=100] 23 0.01 -0.06 0.01 0.00 -0.05 0.03 0.05 24 25 26 27 28 0.11 0.11 0.16 0.17 -0.02 -0.24 -0.22 -0.12 -0.09 -0.03 -0.61 -0.60 -0.52 -0.36 -0.16 -0.05 -0.13 -0.23 -0.07 -0.16 -0.22 -0.16 -0.18 0.02 -0.20 -0.09 -0.08 0.00 0.05 -0.05 0.05 0.02 0.03 0.07 -0.03 29 -0.13 -0.14 -0.08 -0.06 -0.06 -0.06 -0.06 30 31 32 33 34 35 36 37 38 39 -0.06 0.00 -0.07 0.06 0.01 0.04 -0.04 0.00 0.00 -0.01 -0.05 -0.03 -0.06 0.01 0.04 0.05 -0.10 -0.02 -0.01 -0.02 -0.03 -0.06 0.01 0.01 -0.05 -0.04 -0.08 -0.01 0.00 -0.01 -0.04 0.02 -0.04 0.01 -0.11 -0.01 0.10 0.07 0.00 0.07 -0.02 -0.02 -0.03 0.01 -0.10 -0.05 0.01 -0.06 -0.01 -0.05 -0.03 -0.01 -0.02 0.02 -0.02 0.00 -0.08 -0.01 -0.02 0.01 -0.02 -0.02 -0.01 0.01 -0.01 0.02 -0.01 0.03 0.03 0.00 40 41 42 43 44 45 46 4/ 48 49 50 0.86 0.21 0.17 0.15 0.01 0.05 0.05 0.00 0.65 0.54 0.11 -0.06 -0.02 -0.03 -0.03 0.00 0.02 0.02 0.00 -0.05 -0.10 0.05 0.08 0.00 0.02 0.02 0.00 -0.02 -0.01 -0.01 0.08 0.20 -0.12 0.30 0.13 0.09 0.08 0.01 0.04 0.04 0.00 0.18 0.21 -0.04 0.89 0.35 0.28 0.27 0.01 0.07 0.07 0.00 0.54 0.52 0.02 0.17 0.07 0.06 0.06 0.00 0.01 0.01 0.00 0.10 0.07 0.03 0.09 0.03 0.02 0.02 0.00 0.01 0.01 0.00 0.06 0.02 0.04 Seasonally adjusted Line 2008 2009 2009 III G ross dom estic p ro d u c t............ Plus: Income receipts from the rest of the world................... Less: Income payments to the rest Equals: Gross national product Less: Consumption of fixed capital Private.................... Government.............. General government Government enterprises........ 2010 IV I 1 104.672 101.917 101.760 103.012 103.960 2 133.660 100.427 99.948 105.396 109.555 109.907 S 127.412 92.797 88.238 95.203 95.393 95.051 102.192 113.198 113.211 113.019 113.823 102.185 113.268 113.203 113.459 114.291 103.413 113.468 113.281 114.235 115.117 104.534 113.846 113.583 114.964 115.893 105.003 114.374 114.042 115.816 116.797 115.035 114.640 116.770 117.824 111.561 4 5 6 7 8 105.129 111.232 111.580 109.454 110.010 II III 104.403 104.924 9 106.695 109.045 109.343 109.873 110.371 110.961 Equals: Net national p ro d u c t.... 10 104.288 100.691 100.675 102.038 103.257 103.718 Addenda: Net domestic product............ Net domestic purchases........ 11 103.761 100.363 100.177 101.570 102.593 103.025 103.527 97.224 99.114 100.478 101.505 12 101.656 97.268 98.073 Table 1.7.4. Price Indexes for Gross Domestic Product, Gross National Product, and Net National Product [Index numbers, 2005=100] Seasonally adjusted 51 -0.12 -0.10 -0.11 -0.06 -0.04 -0.05 Line -0.03 2008 2009 2009 III 52 53 54 3.30 0.30 0.55 -0.08 0.06 -0.87 1.50 -0.13 1.24 2.13 0.00 0.74 2.13 0.07 0.58 0.11 0.07 -0.73 0.85 0.04 0.20 55 2.33 0.63 0.28 1.32 1.45 0.72 0.59 1. Excludes software "embedded,” or bundled, in computers and other equipment. 2. Some components of final sales of computers include computer parts. 3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services. 2008 III Gross dom estic p ro d u c t............ Plus: Income receipts from the rest of the world................... Less: Income payments to the rest of the world......................... Equals: Gross national product Less: Consumption of fixed capital Private.................... Government.............. General government Government enterprises........ 2010 IV 1 108.598 109.618 109.759 109.693 2 109.567 109.446 109.555 110.071 U 109.617 109.505 109.582 4 5 6 7 8 108.605 107.857 106.707 113.878 113.555 109.612 106.665 105.097 114.865 114.617 109.753 105.863 104.236 114.365 114.170 I 109.959 II III 110.485 111.108 110.527 110.547 110.173 110.709 110.712 109.691 105.901 104.322 114.152 114.026 109.957 105.561 103.862 114.424 114.297 110.478 105.524 103.756 114.741 114.570 105.542 103.725 115.005 114.731 9 115.526 116.128 115.348 114.777 115.052 115.598 116.405 Equals: Net national p ro d u c t.... 10 108.715 110.053 110.340 110.261 Addenda: Net domestic product............ Net domestic purchases........ 11 108.708 110.065 110.353 110.270 110.630 111.244 111.960 12 110.087 110.034 110.257 110.898 111.608 111.630 111.888 110.619 111.225 N ovem ber 2 0 1 0 Su r v e y of C urrent B u s in e s s D -1 5 Table 1.7.5. Relation of Gross Domestic Product, Gross National Product, Table 1.7.6. Relation of Real Gross Domestic Product, Real Gross National Net National Product, National Income, and Personal Income [Billions of dollars] Product, and Real Net National Product, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III G ross domestic p roduct........ Plus: Income receipts from the rest of the world.................. Less: Income payments to the rest of the world.................. Equals: G ro ss 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..... Seasonally adjusted at annual rates Line 2010 IV I II 629.8 627.4 664.7 693.7 696.1 3 664.7 483.6 460.1 499.1 502.6 500.8 4 14,543.6 14,265.3 14,281.9 14,442.8 14,637.6 14,774.0 5 6 7 1,849.2 1,536.9 1,244.5 1,861.1 1,535.8 1,245.2 1,848.3 1,523.1 1,234.3 1,852.2 1,525.5 1,234.7 1,852.4 1,522.8 1,231.1 1,860.4 1,527.4 1,236.9 1,871.4 1,534.9 1,243.0 8 1,358.1 1,297.2 1,295.0 1,295.8 1,145.5 1,151.4 1,159.2 9 113.6 52.0 60.7 61.1 -85.6 -85.4 -83.8 10 11 12 292.4 312.3 260.7 290.6 325.3 272.3 288.8 325.1 272.3 290.8 326.8 274.0 291.7 329.6 276.5 290.5 333.0 279.3 291.9 336.5 282.1 13 51.6 53.0 52.8 52.8 53.2 53.7 54.4 14 12,694.4 12,404.2 12,433.6 12,590.6 12,785.2 12,913.7 Less: Statistical discrepancy 15 Equals: National incom e...... Less: Corporate profits with inventory valuation and capital consumption adjustments...... Taxes on production and imports less subsidies Contributions for government social insurance, domestic.... Net interest and miscellaneous payments on a sse ts.... Business current transfer payments (net)......... Current surplus of government enterprises.............. Wage accruals less disbursements.......... Plus: Personal income receipts on asse ts.............................. Personal current transfer receipts................... 16 12,557.8 12,225.0 12,204.8 12,415.5 12,621.0 12,733.0 24 2,109.3 1,919.7 1,891.1 1,889.2 1,911.1 1,914.4 1,898.4 25 1,879.2 2,132.8 2,159.3 2,188.2 2,245.5 2,286.1 2,309.8 Equals: Personal incom e....... 26 12,391.1 12,174.9 12,164.0 12,239.0 12,350.3 12,473.8 12,539.5 Addenda: Gross domestic income........ Gross national income.......... Gross national factor income 1 Net domestic product........... Net domestic income........... Net national factor income 2.... Net domestic purchases....... 228.9 175.2 164.2 1,262.8 1,258.0 1,297.5 1,418.2 1,566.6 1,614.1 18 992.3 964.4 959.2 976.8 988.5 996.1 1,003.2 19 987.2 970.3 970.6 974.8 987.8 995.6 1,001.9 20 812.8 784.3 750.7 765.6 765.9 736.2 727.1 21 121.7 134.0 124.9 129.8 130.5 130.8 133.1 1 13,228.8 12,880.6 12,860.8 13,019.0 13,138.8 13,194.9 13,260.7 '? 765.9 575.5 572.7 604.0 627.8 629.8 3 606.3 441.6 419.9 453.1 454.0 452.3 Equals: G ross n ational product Less: Consumption of fixed capital.............................. Private.................... Government............. General government Government enterprises....... 4 13,388.7 13,014.7 13,013.8 13,170.1 13,313.0 13,372.7 Equals: Net national product. .. 10 11,674.1 11,271.5 11,269.7 11,422.3 11,558.8 11,610.4 b 6 7 8 1,714.5 1,440.3 274.3 229.6 1,744.8 1,461.3 283.2 237.5 1,745.9 1,461.2 284.3 238.5 1,749.0 1,462.2 286.2 240.2 1,754.8 1,466.1 288.1 241.9 1,762.9 1,472.1 290.2 243.7 1,773.1 1,479.8 292.6 245.9 9 44.7 45.7 45.8 46.0 46.2 46.5 46.7 Addenda: 11 13,103.1 12,717.1 Gross domestic income 1 ...... 1? 13,263.0 12.851.3 Gross national income 2....... 13 11,514.3 11.137.3 Net domestic product........... 14 11,388.7 10,974.5 Net domestic income 3 ......... Net domestic purchases 12,015.5 12.652.3 12.805.3 11,116.7 10,909.3 15 22 -16.7 -13.2 -11.7 -11.3 -12.1 -13.1 -14.2 23 -5.0 5.0 0.0 0.0 0.0 0.0 0.0 [Index numbers, 2005=100] Seasonally adjusted 2008 2009 2009 III 13,939.9 14,086.2 13,001.0 12,257.9 12,078.8 11,139.9 12,644.3 13,885.8 14,053.1 12,980.7 12,266.4 12,037.6 11,132.5 12,674.7 14,102.1 14,267.7 13,172.3 12,425.1 12,249.9 11,320.1 12,851.5 14,282.2 14,473.4 13,366.4 12,594.0 12,429.8 11,514.0 13,073.8 12.859.3 12,989.5 13,031.3 13.010.4 13,163.6 13,209.2 11,271.2 11,384.8 11,432.7 11,488.4 11,112.2 11,236.4 11.270.3 11,715.011,496.9 11.876.3 11,997.6 11,592.011,491.7 Table 1.8.3. Command-Basis Real Gross Domestic Product and Gross National Product, Quantity Indexes Line 14,232.5 14,407.0 13,309.7 12,519.9 12,383.3 11,460.4 13,230.3 III the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. 17 27 28 29 30 31 32 33 II I 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 (2005) dollar series are calculated as the product of the chaintype quantity index and the 2005 current-dollar value of the corresponding series, divided by 100. Because the formula for 180.7 14,398.1 14,593.4 13,479.6 12,718.3 12,858.8 12,537.7 11,619.2 13,257.6 13,420.2 1. Consists of compensation of employees, proprietors' income with inventory valuation adjustment (IVA) and capital consumption adjustm ent (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. G ross dom estic p ro d u c t........... Plus: Income receipts from the rest of the world.................. Less: Income payments to the rest of the world.................. IV 1. Gross domestic income deflated by the implicit price deflator for gross domestic product. Equals: Net national product. 179.1 2010 III 1 14,369.1 14,119.0 14,114.7 14,277.3 14,446.4 14,578.7 14,730.2 839.2 2009 2009 III 2 136.6 2008 G ross dom estic p ro d u c t............. Less: Exports of goods and services............................. Plus: Imports of goods and services............................. Equals: Gross dom estic purcha ses................................... Plus: Exports of goods and services, command basis 1...... Less: Imports of goods and services, command basis 1...... Equals: C ommand-basis gross dom estic p ro d u c t1 2 ............... Plus: Income receipts from the rest of the world, command basis ' Less: Income payments to the rest of the world, command basis 1 Equals: Com m and-basis gross national p ro d u c t1,3................. Addenda: Command-basis net domestic product4......................... Net domestic product............. Command-basis net national product4......................... Net national product............... Percent change from p receding period: Real gross domestic product Command-basis gross domestic product........... Real gross national product... Command-basis gross national product............. 2010 IV II I III 1 104.672 101.917 101.760 103.012 103.960 104.403 104.924 2 126.255 114.228 114.174 120.569 123.858 126.592 128.138 3 106.113 91.418 92.752 93.874 4 102.756 99.045 99.092 99.829 100.797 102.070 103.057 96.401 103.613 107.859 5 128.625 110.334 110.525 117.450 121.536 125.674 127.087 6 114.686 88.393 89.503 94.678 99.586 104.892 106.736 7 103.534 101.917 101.810 102.457 103.134 104.065 104.932 8 133.361 100.273 99.851 9 127.184 92.704 88.213 m 105.247 109.285 109.642 95.359 95.007 103.992 102.188 102.229 102.854 103.701 104.654 95.200 11 102.484 100.389 100.260 100.970 101.691 102.675 103.569 12 103.761 100.363 100.177 101.570 102.593 103.025 103.527 13 103.011 100.705 100.744 101.426 102.338 103.346 14 104.288 100.691 100.675 102.038 103.257 103.718 15 0.0 -2.6 1.6 5.0 3.7 1.7 2.0 16 17 -1.0 0.3 -1.6 -2.8 0.9 2.6 2.6 4.9 2.7 4.4 3.7 1.8 3.4 18 -0.6 -1.7 2.0 2.5 3.3 3.7 1. Deflator is the gross domestic purchases price index. 2. This measure is called “real gross domestic income” in the System of National Accounts, 2008. 3. This measure is called “real gross national income” in the System of National Accounts, 2008. 4. Deflator is the net domestic purchases price index. N ovem ber 2010 N a tio n a l D a t a Table 1.8.6. Command-Basis Real Gross Domestic Product and Gross National Product, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I III II Gross dom estic p ro d u ct................................................................................................................................ Less: Exports of goods and services.................................................................................. Plus: Imports of goods and services................................................................................... 1 2 3 13,228.8 1,647.7 2,151.7 12,880.6 1,490.7 1,853.8 12,860.8 1,490.0 1,880.8 13,019.0 1,573.5 1,903.6 13,138.8 1,616.4 1,954.8 13,194.9 1,652.1 2,101.1 13,260.7 1,672.3 2,187.2 Equals: G ross dom estic p u rch a se s........................................................................................................... Plus: Exports of goods and services, command b a s is 1.......................................................... Less: Imports of goods and services, command basis 1......................................................... 4 5 6 13,729.4 1,678.6 2,325.6 13,233.6 1,439.9 1,792.4 13,239.8 1,442.2 1,814.4 13,338.2 1,532.6 1,919.3 13,467.6 1,585.9 2,018.8 13,637.7 1,639.9 2,126.4 13,769.6 1,658.3 2,163.8 Equals: Command-basis gross dom estic p ro d u c t12 Plus: Income receipts from the rest of the world, command basis 1........................................... Less: Income payments to the rest of the world, command basis 1............................................ 7 8 9 13,085.0 764.2 605.3 12,880.7 574.6 441.2 12,866.4 571.9 419.4 12,948.2 602.8 452.7 13,033.8 625.9 453.4 13,151.4 13,261.0 628.0 ............. 451.7 ............. Equals: Com m and-basis gross national p ro d u c t13............................................................................... 10 13,244.0 13,014.1 13,018.8 13,098.3 13,206.3 13,327.7 ............. 11 12 13 14 15 16 17 18 11,372.7 11,514.3 11,531.2 11,674.1 98.893 94.262 93.618 103.470 11,140.2 11,137.3 11,273.1 11,271.5 100.004 99.896 99.518 100.892 11,125.3 11,116.7 11,277.0 11,269.7 100.052 100.314 100.203 101.876 11,204.1 11,271.2 11,353.4 11,422.3 99.481 96.585 95.863 101.816 11,284.1 11,384.8 11,455.4 11,558.8 99.207 94.985 93.945 101.993 11,393.3 11,492.5 11,432.7 11,488.4 11,568.3 ............. 11,610.4 99.669 100.026 98.064 100.222 97.593 100.060 103.064 103.356 Addenda: Command-basis net domestic product4........................................................................... Net domestic product................................................................................................... Command-basis net national product4............................................................................ Trading gains index 5................................................................................................... Terms of trade index 6.................................................................................................. Terms of trade, goods 7............................................................................................. Terms of trade, nonpetroleum goods 8.......................................................................... 1. 2. 3. 4. 5. 6. 7. 8. Uses gross domestic purchases price index as deflator. This measure is called “real gross domestic income” in the System of National Accounts, 2008. This measure is called “real gross national income” in the System of National Accounts, 2008. Uses net domestic purchases price index as deflator. Ratio (multiplied by 100) of the price index for gross domestic product to the price index for gross domestic purchases. Ratio (multiplied by 100) of the price index for exports of goods and services to the price index for imports of goods and services. Ratio (multiplied by 100) of the price index for goods exports to the price index for goods imports. Ratio (multiplied by 100) of the price index for goods exports to the price index for nonpetroleum goods imports. Table 1.10. Gross Domestic Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 2010 IV III I III II ............. G ross dom estic in c o m e ....................................................................................................................... 1 14,232.5 13,939.9 13,885.8 14,102.1 14,282.2 Com pensation o f employees, p a id .............................................................................................................. Wage and salary accruals............................................................................................. Disbursements.. To persons......................................................................................................... To the rest of the world.......................................................................................... Wage accruals less disbursements.............................................................................. Supplements to wages and salaries................................................................................ 2 3 4 5 6 7 8 8,068.1 6,561.4 6,566.4 6,556.0 10.4 -5.0 1,506.8 7,819.5 6,286.9 6,281.9 6,271.2 10.8 5.0 1,532.6 7,806.4 6,271.6 6,271.6 6,261.0 10.7 0.0 1,534.8 7,839.2 6,292.8 6,292.8 6,281.9 10.8 0.0 1,546.5 7,866.3 6,299.6 6,299.6 6,288.4 11.2 0.0 1,566.7 7,928.7 7,977.3 6,350.9 6,389.2 6,350.9 6,389.2 6,339.4 ............. 11.5 ........... 0.0 0.0 1,577.8 1,588.1 Taxes on p roduction and im p o rts ................................................................................................................ 9 1,045.1 1,024.7 1,028.2 1,035.2 1,045.9 1,054.6 Less: S u b sid ie s................................................................................................................................................ 10 52.8 60.3 69.1 58.4 57.4 58.5 Net operating s u rp lu s ..................................................................................................................................... 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....................................................................... 11 12 13 14 1b 16 3,322.8 3,339.5 1,042.3 121.7 1,102.0 222.0 3,294.9 3,308.1 982.5 134.0 1,011.9 274.0 3,271.9 3,283.7 940.0 124.9 1,006.4 279.1 3,433.9 3,445.1 954.8 129.8 1,022.1 282.8 3,575.0 3,587.1 955.0 130.5 1,030.7 292.7 58.5 3,612.9 ............. 3,626.0 ............. 923.9 ......... 130.8 133.1 1,049.7 1,058.8 298.8 305.4 1/ 18 19 20 851.5 308.4 543.1 611.5 905.7 254.9 650.8 611.6 933.2 255.7 677.5 567.3 1,055.7 319.1 736.6 596.1 1,178.1 403.2 774.9 621.2 1,222.7 405.6 817.1 591.6 21 22 -68.4 -16.7 39.2 -13.2 110.2 -11.7 140.5 -11.3 153.6 -12.1 Consum ption of fixed c a p ita l....................................................................................................................... Private..................................................................................................................... Government.............................................................................................................. 23 24 25 1,849.2 1,536.9 312.3 1,861.1 1,535.8 325.3 1,848.3 1,523.1 325.1 1,852.2 1,525.5 326.8 1,852.4 1,522.8 329.6 1,860.4 1,527.4 333.0 26 136.6 179.1 228.9 175.2 164.2 180.7 14,398.1 ............. ............. ............. ............. 225.6 ............. -13.1 -14.2 Addendum : 1,061.7 1,871.4 1,534.9 336.5 N ovem ber 2 0 1 0 Su r v e y of C urrent B u s in e s s Table 1.12. National Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III 1 12,557.8 12,225.0 12,204.8 12,415.5 12,621.0 12,733.0 C om pensation o f 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.......... 2 3 4 5 6 7 8 8,060.8 6,554.0 1,144.0 5,410.1 1,506.8 1,036.6 470.1 7,811.7 6,279.1 1,173.6 5,105.5 1,532.6 1,072.0 460.6 7,798.7 6,263.9 1,175.6 5,088.3 1,534.8 1,074.0 460.8 7,831.4 6,284.9 1,174.9 5,110.0 1,546.5 1,084.0 462.5 7,858.1 6,291.4 1,185.5 5,105.9 1,566.7 1,095.8 470.9 7,920.3 6,342.5 1,193.1 5,149.4 1,577.8 1,103.1 474.7 7,968.9 6,380.9 1,184.8 5,196.0 1,588.1 1,110.3 477.8 P ro prieto rs’ incom e w ith IVA and C C A d j.................................................................................................. Farm........................................................................................................................ Nonfarm................................................................................................................... 9 10 11 1,102.0 50.8 1,051.2 1,011.9 30.5 981.5 1,006.4 28.0 978.4 1,022.1 36.2 985.9 1,030.7 36.8 994.0 1,049.7 38.9 1,010.8 1,058.8 49.8 1,009.0 Rental incom e o f p ersons w ith CCAdj 12 222.0 274.0 279.1 282.8 292.7 298.8 305.4 Corporate p ro fits w ith 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 1,262.8 308.4 954.4 797.7 156.7 1,258.0 254.9 1,003.1 718.9 284.2 1,297.5 255.7 1,041.8 699.6 342.2 1,418.2 319.1 1,099.2 708.5 390.6 1,566.6 403.2 1,163.3 720.3 443.0 1,614.1 405.6 1,208.5 728.4 480.1 National in c o m e ...................................... 736.6 Net interest and m iscellaneous p ay m e n ts ............................................................................................... 18 812.8 784.3 750.7 765.6 765.9 736.2 727.1 Taxes on production and im p o rts ................................................................................................................ 19 1,045.1 1,024.7 1,028.2 1,035.2 1,045.9 1,054.6 1,061.7 Less: S ub sid ie s..................................... 20 52.8 60.3 69.1 58.4 57.4 58.5 58.5 Business current transfer paym ents (net) To persons (net)......................... To government (net).................... To the rest of the world (net).......... 21 22 23 24 121.7 36.7 81.7 3.3 134.0 36.0 98.5 -0.6 124.9 35.8 90.0 -0.9 129.8 35.8 93.6 0.4 130.5 36.6 93.0 0.9 130.8 37.0 93.8 0.0 133.1 37.2 96.2 -0.4 Current s u rp lu s o f g overnm ent e n te rp rise s............................................................................................. 25 -16.7 -13.2 -11.7 -11.3 -12.1 -13.1 -14.2 Addenda fo r corporate cash flow : Net cash flow with IVA.................................................................................................. Undistributed profits with IVA and C CAdj...................................................................... Consumption of fixed capital...................................................................................... Less: Capital transfers paid (net)................................................................................ ?fi ?7 28 1,239.4 156.7 1,018.5 -64.1 1,427.9 284.2 1,019.8 -123.9 1,405.6 342.2 1,010.6 -52.8 1,484.0 390.6 1,010.8 -82.6 1,517.3 443.0 1,008.0 -66.3 1,578.4 480.1 1,013.7 -84.6 30 31 32 33 34 35 36 37 38 39 40 41 1,102.0 50.8 57.4 -6.5 1,051.2 893.5 -5.0 162.7 222.0 238.3 -16.2 1,262.8 1,289.1 1,333.2 308.4 1,024.8 797.7 227.2 -44.1 -26.3 1,011.9 30.5 36.8 -6.3 981.5 837.2 0.2 144.0 274.0 289.0 -15.1 1,258.0 1,328.6 1,316.7 254.9 1,061.8 718.9 342.9 11.9 -70.6 1,006.4 28.0 34.2 -6.2 978.4 837.3 -3.5 144.6 279.1 293.9 -14.8 1,297.5 1,360.5 1,369.2 255.7 1,113.5 699.6 413.9 -8.7 -63.0 1,022.1 36.2 42.2 -6.0 985.9 852.5 -11.6 144.9 282.8 297.7 -14.9 1,418.2 1,481.2 1,548.4 319.1 1,229.3 708.5 520.8 -67.2 -63.0 1,030.7 36.8 42.5 -5.7 994.0 895.2 -6.1 104.8 292.7 307.5 -14.8 1,566.6 1,736.5 1,772.9 403.2 1,369.7 720.3 649.4 -36.4 -169.9 1,049.7 38.9 44.4 -5.5 1,010.8 903.5 2.0 105.3 298.8 313.3 -14.5 1,614.1 1,784.7 1,788.2 405.6 1,382.6 728.4 654.2 -3.5 -170.7 Addenda: Proprietors’ income with IVA and CCAdj........................................................................... Farm.................................................................................................................... Proprietors’ income with IV A................................................................................... Capital consumption adjustment.............................................................................. Nonfarm............................................................................................................... Proprietors' income (without IVA and C CA dj)............................................................. 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 CCA dj.............................................................................. Corporate profits with IV A ......................................................................................... 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 C C A dj)...................................................... Inventory valuation adjustment............................................................................... Capital consumption adjustment................................................................................. IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 47 43 44 45 46 47 48 49 1,019.2 1,058.8 49.8 55.2 -5.4 1,009.0 908.3 -4.8 105.5 305.4 319.8 -14.4 736.6 -169.5 D -1 8 N a t io n a l D a t a N ovem ber 2010 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 2008 2009 2009 III 1 2 1 4 5 6 7 a 9 10 11 1? n 14 15 G ross value added o f 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 (net)...................................................................... Corporate profits with IVA and CCAdj.... Taxes on corporate income............ Profits after tax with IVA and CCAdj.......................................................................... Undistributed profits with IVA and C CAdj........... G ross value added o f fin an cia l corporate business 1 G ross value added o f n onfinancial 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 interest and miscellaneous payments..................................................................... Business current transfer payments (net)...................................................................... Corporate profits with IVA and C C A dj........................................................................... Taxes on corporate income..................................................................................... Profits after tax with IVA and CCAdj.......................................................................... Net dividends................................................................................................... Undistributed profits with IVA and CCAdj................................................................ 7,922.9 1,018.5 6,904.4 5,017.4 4,170.3 847.1 661.7 1,225.2 279.0 94.7 851.5 308.4 543.1 611.5 -68.4 7,675.4 1,019.8 6,655.6 4,738.1 3,886.7 851.4 637.5 1,280.1 279.8 94.6 905.7 254.9 650.8 611.6 39.2 2010 IV 7,641.6 1,010.6 6,631.0 4,719.7 3,867.5 852.1 632.0 1,279.3 260.5 85.6 933.2 255.7 677.5 567.3 110.2 I 7,810.6 1,010.8 6,799.8 4,740.5 3,883.1 857.4 646.0 1,413.3 268.7 88.9 1,055.7 319.1 736.6 596.1 140.5 7,941.3 1,008.0 6 933 3 4,746.1 3,877.7 868.4 652.9 1,534.2 264.3 91.9 1,178.1 403.2 774 9 621 2 153.6 II 8,026.6 1,013.7 7 012 9 4,784.9 3,910.1 874.8 657.2 1,570.8 256.4 91.6 1,222.7 405.6 817 1 591 6 225.6 III 1,019.2 4,825.7 3,944.8 880.9 662.0 93.2 16 932.4 1,050.2 1,083.2 1,142.8 1,136.9 1,133.0 17 18 19 20 21 22 23 94 25 26 27 ?8 29 io 11 6,990.5 878.8 6,111.7 4,435.3 3,684.9 750.5 615.3 1,061.1 271.3 66.2 723.5 226.4 497.1 482.8 14.4 6,625.2 879.0 5,746.3 4,193.6 3,441.0 752.5 590.2 962.5 220.1 79.1 663.3 170.3 492.9 511.4 -18.5 6,558.4 871.0 5,687.4 4,175.0 3,421.8 753.2 584.5 927.9 205.5 75.2 647.1 163.7 483.5 469.8 13.6 6,667.8 870.7 5,797.1 4,192.4 3,434.6 757.9 598.3 1,006.4 205.3 77.8 723.2 201.8 521.4 497.3 24.1 6,804.4 868.2 5,936.2 4,205.1 3,437.6 767.6 604.8 1 126 3 208.3 77.5 840.4 265.2 575.3 515.5 59.7 6,893.6 872.9 6,020.7 4,242.4 3,469.1 773.3 609.0 1 169 3 202.3 78.3 888.6 287.4 601.1 499.1 102.0 32 33 14 35 921.9 613.6 -44.1 -26.3 964.4 709.5 11.9 -70.6 1,005.0 749.3 -8.7 -63.0 1,185.8 866.8 -67.2 -63.0 1,384.4 981.2 -36.4 -169.9 1,396.9 991.3 -3 5 -170.7 -169.5 36 37 38 39 782.0 555.6 -44.1 -14.4 706.4 536.1 11.9 -55.1 704.8 541.1 -8.7 -48.9 839.1 637.3 -67.2 -48.7 1,021.8 756.6 -36.4 -144.9 1,037.5 750.1 -3.5 -145.4 -144.6 877.7 4,282.1 3,503.5 778.7 614.0 79.8 Addenda: Corporate business: Profits before tax (without IVA and C C A dj).................................................................... Profits after tax (without IVA and CCA dj)....................................................................... Capital consumption adjustment.......... N onfinancial corporate business: Profits before tax (without IVA and C C A dj).................................................................... Profits after tax (without IVA and CCA dj)...................................................................... Inventory valuation adjustment........... Capital consumption adjustment.......... Value-added, in billions of chained (2005) dollars 40 41 4? G ross value added o f n onfinancial co rporate b u s in e s s 2............................................................ Consumption of fixed capital3................................................................................ Net value added 4................................................................................................ 6,686.4 819.9 5,866.5 6,284.3 830.5 5,453.8 6,210.3 829.8 5,380.5 6,401.0 830.3 5,570.7 6,567.6 833.6 5,734.0 6,611.2 838.4 5,772.8 844.8 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 2005 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 2008 2009 2009 2010 IV Price per u n it o f real gross value added o f nonfinancial corporate business 1....................... 1.045 1.054 1.056 1.042 1.036 1.043 Compensation of employees (unit labor c o s t)................................................................................. 0.663 0.667 0.672 0.655 0.640 0.642 Unit nonlabor c o s t................................................................................................................................... Consumption of fixed capital.................................................................................... Taxes on production and imports less subsidies plus business current transfer payments (net) Net interest and miscellaneous payments................................................................... 0.274 0.131 0.102 0.041 0.282 0.140 0.107 0.035 0.279 0.140 0.106 0.033 0.274 0.136 0.106 0.032 0.268 0.132 0.104 0.032 0.267 0.132 0.104 0.031 Corporate profits w ith IVA and CCAdj (unit p ro fits from current p ro du ction ).......................... Taxes on corporate income..................................................................................... Profits after tax with IVA and CCAdj........................................................................... 0.108 0.034 0.074 0.106 0.027 0.078 0.104 0.026 0.078 0.113 0.032 0.081 0.128 0.040 0.088 0.134 0.043 0.091 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 ote. 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 N ovem ber 2 0 1 0 Su r v e y of C urrent B u s in e s s D -1 9 2. Personal Income and Outlays Table 2.1. Personal Income and Its Disposition [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III Personal in com e .............................................................................................................................................. 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, domestic............................................. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Less: Personal current ta x e s ....................................................................................................................... 25 1,438.2 1,140.0 1,117.0 1,117.2 1,134.7 1,137.3 1,159.6 Equals: Disposable personal income 26 10,952.9 11,034.9 11,047.0 11,121.7 11,215.6 11,336.5 11,379.9 Less: Personal o u tla y s ........... 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 10,505.0 10,104.5 246.2 154.3 89.7 64.6 10,379.6 10,001.3 216.8 161.4 95.0 66.5 10,423.6 10,040.7 220.9 161.9 95.6 66.3 10,505.7 10,131.5 207.8 166.4 97.0 69.5 10,603.9 10,230.8 203.8 169.2 98.5 70.7 10,663.7 10,285.4 206.0 172.3 100.1 72.2 10,748.9 10,376.7 198.8 173.4 101.8 71.6 Equals: Personal sa ving ................................................................................................................................ 33 447.9 655.3 623.4 616.0 611.8 672.8 631.0 Personal saving as a percentage of disposable personal in c o m e ................................................. 34 4.1 5.9 5.6 5.5 5.5 5.9 5.5 12,391.1 8,065.8 6,559.0 5,415.1 1,144.0 1,506.8 1,036.6 470.1 1,102.0 50.8 1,051.2 222.0 2,109.3 1,314.7 794.6 1,879.2 1,842.6 1,068.3 50.7 45.6 19.3 658.7 36.7 987.2 12,174.9 7,806.7 6,274.1 5,100.5 1,173.6 1,532.6 1,072.0 460.6 1,011.9 30.5 981.5 274.0 1,919.7 1,222.3 697.4 2,132.8 2,096.8 1,164.5 128.6 52.3 20.1 731.3 36.0 970.3 12,164.0 7,798.7 6,263.9 5,088.3 1,175.6 1,534.8 1,074.0 460.8 1,006.4 28.0 978.4 279.1 1,891.1 1,213.3 677.8 2,159.3 2,123.4 1,172.6 145.0 52.8 20.2 732.9 35.8 970.6 12,239.0 7,831.4 6,284.9 5,110.0 1,174.9 1,546.5 1,084.0 462.5 1,022.1 36.2 985.9 282.8 1,889.2 1,205.8 683.4 2,188.2 2,152.5 1,188.8 143.4 55.1 20.1 745.0 35.8 974.8 12,350.3 7,858.1 6,291.4 5,105.9 1,185.5 1,566.7 1,095.8 470.9 1,030.7 36.8 994.0 292.7 1,911.1 1,208.7 702.4 2,245.5 2,208.9 1,191.3 146.1 57.8 19.9 793.8 36.6 987.8 12,473.8 7,920.3 6,342.5 5,149.4 1,193.1 1,577.8 1,103.1 474.7 1,049.7 38.9 1,010.8 298.8 1,914.4 1,205.3 709.2 2,286.1 2,249.1 1,208.1 136.8 60.4 19.4 824.4 37.0 995.6 12,539.5 7,968.9 6,380.9 5,196.0 1,184.8 1,588.1 1,110.3 477.8 1,058.8 49.8 1,009.0 305.4 1,898.4 1,183.2 715.2 2,309.8 2,272.6 1,223.5 129.9 63.2 19.9 836.1 37.2 1,001.9 Addenda: Personal incom e excluding current transfer receipts, b illio n s of chained (2005) dollars 3 35 9,638.5 9,191.1 9,128.7 9,109.7 9,111.7 9,187.6 9,202.4 36 10,042.9 10,099.8 10,079.7 10,080.4 10,113.3 10,223.6 10,237.1 37 38 39 35,931 32,946 304,831 35,888 32,847 307,483 35,888 32,746 307,815 36,049 32,673 308,521 36,282 32,717 309,120 36,602 33,009 309,724 36,657 32,976 310,442 Disposable personal income, current d o lla rs ................................................................................. 40 5.1 0.7 -1.6 2.7 3.4 4.4 1.5 Disposable personal income, chained (2005) d olla rs .................................................................... 41 1.7 0.6 -4.4 0.0 1.3 4.4 0.5 Disposable personal income: Total, billions of chained (2005) dollars3...................................................................... Per capita: Current dollars.................................................................................................... Chained (2005) 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. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. Table 2.2B. Wage and Salary Disbursements by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III Wage and salary d isbu rse m e n ts........................................................................................................ 1 6,559.0 6,274.1 6,263.9 6,284.9 6,291.4 6,342.5 6,380.9 Private in d u s trie s ............................................................................................................................................ Goods-producing industries.......................................................................................... Manufacturing........................................................................................................ Services-producing industries........ Trade, transportation, and utilities. Other services-producing industries 1 .......................................................................... 2 3 4 5 6 7 5,415.1 1,207.6 741.2 4,207.4 1,050.9 3,156.6 5,100.5 1,064.0 661.5 4,036.6 990.5 3,046.1 5,088.3 1,046.7 649.8 4,041.6 986.9 3,054.7 5,110.0 1,046.1 658.3 4,064.0 988.2 3,075.7 5,105.9 1,032.2 652.6 4,073.7 988.0 3,085.8 5,149.4 1,041.6 660.0 4,107.8 996.8 3,111.0 5,196.0 1,050.2 665.0 4,145.9 1,004.2 3,141.7 G ove rn m e nt............................................ 8 1,144.0 1,173.6 1,175.6 1,174.9 1,185.5 1,193.1 1,184.8 1. Other services-producing industries consists of information; finance and insurance; real estate and rental and leasing; professional, scientific, and technical services; management of companies and enterprises, administrative and support and waste management and remediation services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services. N ote. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS). D -2 0 N a tio n a l D a t a N ovem ber 2010 Table 2.3.1. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product [Percent] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III Personal co nsum ption expenditures (P C E ).................................................................................... 1 -0.3 -1.2 2.0 0.9 1.9 2.2 2.6 G oo d s................................................................................................................................................................. Durable goods........................................................................................................... Motor vehicles and parts........................................................................................... Furnishings and durable household equipment.............................................................. Recreational goods and vehicles................................................................................ Other durable g o od s................................................................................................ Nondurable goods....................................................................................................... Food and beverages purchased for off-premises consumption........................................... Clothing and footwear.............................................................................................. Gasoline and other energy go od s................................................................................ Other nondurable g o od s........................................................................................... 2 3 4 5 6 7 8 9 10 11 12 -2.5 -5.2 -13.8 -3.6 3.3 -3.7 -1.1 -0.8 -0.6 -4.7 0.2 -2 .0 -3.7 -6.9 -6.4 1.4 -2.3 -1.2 -0.9 -4.4 1.2 -1.1 7.2 20.1 42.7 7.0 17.1 4.9 1.7 4.0 0.5 -1.9 1.4 1.7 -1.1 -21.3 9.4 15.8 -0.8 3.1 5.1 5.8 -2.3 2.4 5.7 8.8 -2.6 13.9 12.9 18.8 4.2 3.7 12.0 0.7 3.3 3.4 6.8 6.9 9.0 9.3 -2.2 1.9 -2.9 6.4 3.0 4.5 2.8 6.1 1.5 5.7 12.3 4.2 1.3 3.7 -1.2 -7.0 3.5 S e rv ic e s ............................................................................................................................................................. Household consumption expenditures (for services)........................................................... Housing and utilities................................................................................................. Health care............................................................................................................ Transportation services............................................................................................. Recreation services................................................................................................. Food services and accommodations............................................................................ Financial services and insurance................................................................................ Other services........................................................................................................ Final consumption expenditures of nonprofit institutions serving households (N P IS H s )1............ Gross output of nonprofit institutions 2.......................................................................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......................... 13 14 15 16 17 18 19 20 21 22 23 24 0.9 0.6 0.8 2.8 -5.2 -0.3 -0.7 0.6 -0.3 9.0 2.6 0.5 -0.8 -0.7 1.1 2.2 -8.1 -2.4 -3.6 -3.6 -1.2 -4.2 0.6 2.3 -0.5 -0.8 1.8 -0.1 -3.1 -4.4 -1.4 -3.6 -2.2 9.3 -0.3 -3.2 0.5 0.2 1.7 1.8 -1.0 -1.0 0.6 -3.7 -1.2 8.6 1.6 -0.5 0.1 0.0 -0.5 -0.3 3.5 -0.1 6.9 -2.8 -1.2 1.2 -0.9 -1.6 1.6 1.5 1.1 3.1 4.1 -0.3 2.5 1.1 -0.8 3.4 3.3 3.3 2.5 2.4 3.3 2.7 3.8 4.9 3.5 -2.9 2.5 4.4 3.7 3.5 Addenda: P C E excluding food and energy 4................................................................................... Energy goods and services 5......................................................................................... Market-based P C E 6................................................................................................... Market-based P C E excluding food and energy 6................................................................ 25 26 27 28 0.0 -3.8 -0.5 -0.2 -1.4 1.1 -1.0 -1.1 1.7 3.8 2.4 2.2 0.4 3.4 1.2 0.7 2.0 -2.6 2.2 2.5 2.6 3.4 2.5 3.0 2.3 4.8 2.5 2.2 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas services. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 2.3.2. Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III Percent change at annual rate: 1 -0.3 -1 .2 2.0 0.9 1.9 2.2 2.6 G o o d s................................................................................................................................................................. Durable goods............................................................................................................ Motor vehicles and parts................... Furnishings and durable household equipment.............................................................. Recreational goods and vehicles................................................................................ Other durable g o o d s........................ Nondurable goods....................................................................................................... Food and beverages purchased for off-premises consumption........................................... Clothing and footwear.............................................................................................. Gasoline and other energy go od s........................... Other nondurable g o o d s....................................... 2 3 4 5 6 7 8 9 10 11 12 -0.85 -0.60 -0.55 -0.10 0.11 -0.05 -0.25 -0.06 -0.02 -0.19 0.02 -0.65 -0.39 -0.24 -0.17 0.05 -0.03 -0.26 -0.07 -0.14 0.04 -0.09 2.28 1.90 1.16 0.17 0.50 0.07 0.37 0.30 0.02 -0.06 0.11 0.57 -0.11 -0.79 0.22 0.47 -0.01 0.68 0.38 0.18 -0.07 0.19 1.82 0.88 -0.08 0.32 0.39 0.25 0.94 0.29 0.37 0.02 0.26 1.13 0.69 0.22 0.22 0.29 -0.03 0.44 -0.23 0.20 0.10 0.36 0.92 0.63 0.05 0.14 0.38 0.06 0.29 0.28 -0.04 -0.24 0.29 S e rv ic e s ............................................................................................................................................................. Household consumption expenditures (for services)........................................................... Housing and utilities................................................................................................. Health care........................... Transportation services........... Recreation services................ Food services and accommodations............................................................................ Financial services and insurance Other services........................................................................................................ Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1............ Gross output of nonprofit institutions 2.......................................................................... Less: Receipts from sales of goods and services by nonprofit institutions3.......................... 13 14 15 16 17 18 19 20 21 22 23 24 0.59 0.36 0.14 0.42 -0.16 -0.01 -0.04 0.05 -0.02 0.23 0.26 0.03 -0.55 -0.43 0.20 0.33 -0.25 -0.09 -0.22 -0.30 -0.11 -0.11 0.06 0.17 -0.30 -0.53 0.34 -0.02 -0.09 -0.17 -0.09 -0.30 -0.21 0.23 -0.03 -0.26 0.36 0.15 0.31 0.29 -0.03 -0.04 0.03 -0.30 -0.11 0.21 0.17 -0.04 0.05 0.02 -0.09 -0.06 0.10 0.00 0.40 -0.22 -0.11 0.03 -0.09 -0.12 1.07 0.98 0.20 0.49 0.12 -0.01 0.15 0.10 -0.07 0.09 0.35 0.26 1.64 1.53 0.60 0.43 0.11 0.18 0.21 -0.23 0.23 0.11 0.39 0.27 Addenda: P C E excluding food and energy 4................................................................................... Energy goods and services 5................ Market-based P C E 6................................................................................................... Market-based P C E excluding food and energy 6................................................................ 25 26 27 28 0.03 -0.23 -0.42 -0.13 -1.19 0.06 -0.85 -0.84 1.48 0.19 2.10 1.61 0.36 0.18 1.06 0.49 1.73 -0.15 1.96 1.83 2.24 0.19 2.14 2.18 2.02 0.26 2.15 1.61 Personal co nsum ption expenditures (P C E ).................................................................................... Percentage poin ts at annual rates: 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas services. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. N ovem ber 2 0 1 0 S u r v e y o f C u r r e n t B u sin e ss D -2 1 Table 2.3.3. Real Personal Consumption Expenditures by Major Type of Product, Quantity Indexes [Index numbers, 2005=100] Seasonally adjusted Line 2008 2009 2010 2009 III IV I II III 1 105.057 103.797 103.885 104.126 104.608 105.178 105.846 G o o d s................................................................................................................................................................. 2 Durable g o ods........................................................................................................... 3 Motor vehicles and parts.... 4 Furnishings and durable household equipment.............................................................. 5 Recreational goods and vehicles................................................................................ 6 Other durable go o d s....... 7 Nondurable goods............. 8 Food and beverages purchased for off-premises consumption........................................... 9 Clothing and footwear.............................................................................................. 10 Gasoline and other energy goods............................................................................... 11 Other nondurable g o o d s........................................................................................... 12 103.462 102.798 85.000 102.827 129.771 101.041 103.698 103.997 108.304 92.523 107.058 101.416 99.011 79.093 96.222 131.643 98.669 102.487 103.023 103.570 93.660 105.867 102.092 101.159 83.655 96.075 132.793 99.590 102.460 103.426 102.980 93.527 105.657 102.533 100.870 78.782 98.254 137.749 99.380 103.247 104.710 104.432 92.996 106.294 103.952 103.025 78.271 101.506 141.981 103.753 104.321 105.672 107.436 93.155 107.148 104.837 104.735 79.584 103.725 145.157 103.183 104.823 104.895 109.113 93.854 108.337 105.565 106.304 79.875 105.172 149.433 104.246 105.160 105.856 108.788 92.174 109.285 S e rv ic e s ...................................... Household consumption expenditures (for services)........................................................... Housing and utilities................................................................................................. Health care................... Transportation services.... Recreation services....... Food services and accommodations........................................................................... Financial services and insurance................................................................................ Other services........................................................................................................ Final consumption expenditures of nonprofit institutions serving households (N P IS H s )1............ Gross output of nonprofit institutions2.......................................................................... Less: Receipts from sales of goods and services by nonprofit institutions3.......................... 13 14 15 16 17 18 19 20 21 22 23 24 105.870 105.155 103.524 107.148 95.511 107.116 104.234 108.183 105.750 124.877 108.252 103.033 105.006 104.448 104.682 109.457 87.758 104.597 100.461 104.265 104.526 119.597 108.852 105.361 104.797 104.257 104.835 109.547 87.192 103.883 100.009 103.758 103.974 118.919 108.648 105.300 104.936 104.315 105.275 110.028 86.966 103.610 100.150 102.793 103.650 121.393 109.087 105.166 104.952 104.320 105.147 109.932 87.710 103.584 101.838 102.074 103.334 121.755 108.846 104.756 105.366 104.713 105.437 110.766 88.602 103.498 102.476 102.364 103.132 122.788 109.744 105.613 106.006 105.328 106.293 111.498 89.438 104.744 103.351 101.614 103.780 124.125 110.744 106.515 Addenda: P C E excluding food and energy 4................................................................................... Energy goods and services5........................................................................................ Market-based P C E 6................................................................................................... Market-based P C E excluding food and energy 6................................................................ 25 26 27 28 105.946 93.954 104.532 105.472 104.493 94.956 103.517 104.278 104.548 95.079 103.711 104.456 104.657 95.882 104.024 104.627 105.176 95.243 104.604 105.268 105.850 96.051 105.239 106.038 106.460 97.183 105.880 106.605 Personal consu m p tion expenditures (P C E ).................................................................................... 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas services. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 2.3.4. Price Indexes for Personal Consumption Expenditures by Major Type of Product [Index numbers, 2005=100] Seasonally adjusted Line 2008 2009 2009 III 2010 IV I II III Personal co nsum ption expenditures (P C E ).................................................................................... 1 109.061 109.258 109.598 110.333 110.901 110.888 111.166 G oods................................................................................................................................................................. Durable goods........................................................................................................... Motor vehicles and parts..................... Furnishings and durable household equipment.............................................................. Recreational goods and vehicles.......... Other durable g o o d s.......................... Nondurable goods...................................................................................................... Food and beverages purchased for off-premises consumption.......................................... Clothing and footwear.............................................................................................. Gasoline and other energy go ods. Other nondurable g o o d s........... 2 3 4 5 6 7 8 9 10 11 12 106.262 95.340 98.575 98.041 84.233 109.745 112.484 112.089 97.754 145.870 106.032 103.634 93.782 98.676 97.709 79.513 111.234 109.262 113.538 98.588 106.387 110.691 104.403 93.450 98.961 97.357 78.653 110.981 110.624 112.967 99.207 114.356 111.605 105.120 93.603 101.333 96.127 77.455 112.456 111.651 112.950 98.770 121.338 111.966 105.784 93.121 102.384 95.304 76.282 111.179 112.949 113.466 98.452 128.166 112.594 104.812 92.755 103.041 94.310 75.327 111.571 111.638 113.916 97.439 118.788 112.604 105.064 92.234 103.639 93.010 74.279 111.755 112.325 113.989 98.323 121.592 112.967 S e rv ic e s .................................................. Household consumption expenditures (for services)........................................................... Housing and utilities................................................................................................. Health care............................ Transportation services............. Recreation services................. Food services and accommodations........................................................................... Financial services and insurance................................................................................ Other services........................................................................................................ Final consumption expenditures of nonprofit institutions serving households (N P IS H s )1............ Gross output of nonprofit institutions 2.......................................................................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......................... 13 14 15 16 17 18 19 20 21 22 23 24 110.566 110.832 111.871 109.730 112.406 109.542 111.644 110.015 110.819 104.298 109.594 111.494 112.233 112.718 113.240 112.693 115.633 110.815 114.375 109.533 113.329 101.105 111.137 114.836 112.355 112.850 113.144 113.041 115.659 111.318 114.436 109.436 113.667 101.003 111.438 115.280 113.102 113.631 113.277 113.966 116.730 111.420 114.935 111.427 114.795 100.977 112.221 116.359 113.620 114.205 113.389 114.582 117.501 111.325 115.001 113.396 115.541 100.254 112.553 117.088 114.116 114.703 113.396 115.286 118.269 111.904 115.794 113.758 116.488 100.713 113.322 117.972 114.408 114.978 113.542 115.871 117.925 112.387 116.327 113.628 116.769 101.366 113.926 118.557 Addenda: P C E excluding food and energy 4................................................................................... Energy goods and services 5................... Market-based P C E 6................................................................................................... Market-based P C E excluding food and energy 6................................................................ 25 26 27 28 107.151 136.449 109.016 106.778 108.774 110.250 109.372 108.826 108.990 114.091 109.752 109.066 109.551 118.904 110.356 109.445 109.887 123.495 110.824 109.626 110.171 117.714 110.763 109.903 110.393 119.239 111.118 110.206 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. D -2 2 N a t io n a l D a t a N ovem ber 20 10 Table 2.3.5. Personal Consumption Expenditures by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III Personal co nsum ption expenditures (P C E ).................................................................................... 1 10,104.5 10,001.3 10,040.7 10,131.5 10,230.8 10,285.4 10,376.7 G oo d s................................................................................................................................................................. Durable g o ods........................................................................................................... Motor vehicles and parts........................................................................................... Furnishings and durable household equipment.............................................................. Recreational goods and vehicles................................................................................ Other durable g o od s........................ Nondurable goods.............................. Food and beverages purchased for off-premises consumption........................................... Clothing and footwear.............................................................................................. Gasoline and other energy go ods................................................................................ Other nondurable g o o d s......... 2 3 4 5 6 7 8 9 10 11 12 3,379.5 1,083.5 343.2 266.0 331.6 142.6 2,296.0 775.2 334.1 411.4 775.4 3,230.7 1,026.5 319.7 248.1 317.5 141.1 2,204.2 777.9 322.2 303.7 800.4 3,276.1 1,045.2 339.1 246.9 317.1 142.1 2,231.0 777.0 322.4 326.2 805.5 3,312.9 1,043.9 327.0 249.3 323.9 143.7 2,269.0 786.5 325.5 344.1 812.9 3,380.0 1,060.7 328.3 255.3 328.8 148.3 2,319.3 797.4 333.8 364.1 824.1 3,377.5 1,074.1 335.9 258.2 331.9 148.0 2,303.4 794.6 335.5 340.0 833.3 3,409.0 1,084.1 339.1 258.2 337.0 149.8 2,325.0 802.4 337.5 341.8 843.3 S e rv ic e s ............................................................................................................................................................ Household consumption expenditures (for services)........................................................... Housing and utilities................................................................................................. Health care....... Transportation services............................................................................................. Recreation services................................................................................................. Food services and accommodations........................................................................... Financial services and insurance................................................................................ Other services........................................................................................................ Final consumption expenditures of nonprofit institutions serving households (N P IS H s )1............ Gross output of nonprofit institutions 2.......................................................................... Less: Receipts from sales of goods and services by nonprofit institutions 3 .......................... 13 14 15 16 17 18 19 20 21 22 23 24 6,725.0 6,446.1 1,833.1 1,547.2 306.9 383.4 611.3 848.1 916.0 278.8 1,037.6 758.8 6,770.6 6,511.8 1,876.3 1,623.2 290.1 378.8 603.6 813.8 925.9 258.9 1,058.1 799.2 6,764.6 6,507.5 1,877.5 1,629.5 288.3 377.9 601.2 809.3 923.8 257.1 1,059.0 801.9 6,818.6 6,556.2 1,887.6 1,650.1 290.2 377.3 604.7 816.3 930.1 262.4 1,070.7 808.3 6,850.9 6,589.6 1,887.1 1,657.5 294.6 376.8 615.2 824.9 933.3 261.3 1,071.5 810.2 6,907.9 6,643.2 1,892.5 1,680.4 299.6 378.5 623.3 829.9 939.1 264.7 1,087.7 823.0 6,967.6 6,698.3 1,910.3 1,700.1 301.5 384.7 631.5 822.9 947.2 269.3 1,103.5 834.2 Addenda: P C E excluding food and energy 4................................................................................... Energy goods and services 5......................................................................................... Market-based P C E 6................................................................................................... Market-based P C E excluding food and energy 6................................................................ 25 26 27 28 8,694.4 634.8 8,815.6 7,405.9 8,705.0 518.4 8,758.5 7,462.7 8,726.9 536.8 8,805.1 7,491.7 8,780.9 564.1 8,880.2 7,530.0 8,851.5 582.0 8,967.6 7,588.6 8,931.3 559.5 9,017.2 7,663.5 9,000.8 573.4 9,101.1 7,725.7 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Table 2.3.6. Real Personal Consumption Expenditures by Major Type of Product, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 111 2010 IV I II III Personal co nsum ption expenditures (P C E ).................................................................................... 1 9,265.0 9,153.9 9,161.6 9,182.9 9,225.4 9,275.7 9,334.6 G o o d s................................................................................................................................................................. Durable goods...... Motor vehicles and parts........................................................................................... Furnishings and durable household equipment.............................................................. Recreational goods and vehicles................................................................................ Other durable g o o d s................................................................................................ Nondurable goods... Food and beverages purchased tor oft-premises consumption........................................... Clothing and footwear.............................................................................................. Gasoline and other energy go od s................................................................................ Other nondurable g o o d s ......... 2 3 4 5 6 7 8 9 10 11 12 3,180.3 1,136.4 348.2 271.4 393.7 129.9 2,041.2 691.6 341.7 282.0 731.3 3,117.4 1,094.6 324.0 253.9 399.3 126.9 2,017.4 685.1 326.8 285.5 723.1 3,138.2 1,118.3 342.7 253.5 402.8 128.1 2,016.9 687.8 324.9 285.1 721.7 3,151.8 1,115.1 322.7 259.3 417.9 127.8 2,032.3 696.3 329.5 283.5 726.0 3,195.4 1,138.9 320.6 267.9 430.7 133.4 2,053.5 702.7 339.0 284.0 731.9 3,222.6 1,157.8 326.0 273.7 440.3 132.7 2,063.4 697.6 344.3 286.1 740.0 3,245.0 1,175.2 327.2 277.5 453.3 134.1 2,070.0 704.0 343.3 281.0 746.5 S e rv ic e s ............................................................................................................................................................. Household consumption expenditures (for services)........................................................... Housing and utilities................................................................................................. Health care....... Transportation services............................................................................................. Recreation services................................................................................................. Food services and accommodations........................................................................... Financial services and insurance................................................................................ Other services........................................................................................................ Final consumption expenditures of nonprofit institutions serving households (NPISHs) 1............ Gross output of nonprofit institutions 2.......................................................................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......................... Residual...................................................................................................................... 13 14 15 16 17 18 19 20 21 22 23 24 25 6,082.3 5,816.1 1,638.6 1,410.0 273.1 350.0 547.6 770.9 826.5 267.3 946.8 680.6 -7.7 6,032.7 5,777.0 1,656.9 1,440.4 250.9 341.8 527.7 743.0 817.0 256.0 952.1 696.0 -4.5 6,020.7 5,766.5 1,659.4 1,441.6 249.3 339.5 525.4 739.4 812.7 254.6 950.3 695.6 -7.0 6,028.7 5,769.7 1,666.3 1,447.9 248.6 338.6 526.1 732.5 810.1 259.9 954.1 694.7 -9.6 6,029.6 5,769.9 1,664.3 1,446.7 250.8 338.5 535.0 727.4 807.7 260.6 952.0 692.0 -15.2 6,053.4 5,791.7 1,668.9 1,457.6 253.3 338.2 538.3 729.5 806.1 262.9 959.9 697.6 -19.2 6,090.1 5,825.7 1,682.5 1,467.3 255.7 342.3 542.9 724.1 811.1 265.7 968.6 703.6 -23.2 Addenda: P C E excluding food and energy 4................................................................................... Energy goods and se rvices5................ Market-based P C E 6................................................................................................... Market-based P C E excluding food and energy 6................................................................ 26 27 28 29 8,114.2 465.3 8,086.5 6,935.9 8,002.9 470.2 8,008.0 6,857.4 8,007.1 470.8 8,023.0 6,869.0 8,015.4 474.8 8,047.2 6,880.3 8,055.2 471.6 8,092.0 6,922.5 8,106.8 475.6 8,141.2 6,973.1 8,153.5 481.2 8,190.8 7,010.4 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. N ovem ber 2 0 1 0 Su r v e y of C urrent B u s in e s s D -2 3 Table 2.3.7. Percent Change from Preceding Period in Prices for Personal Consumption Expenditures by Major Type of Product Seasonally adjusted at annual rates Line 2009 2008 2009 III 2010 IV I II III Personal co nsum ption expenditures (P C E ).................................................................................... 1 3.3 0.2 2.9 2.7 2.1 0.0 1.0 G o o d s..................................................................... Durable g o ods...................................... Motor vehicles and parts...................... Furnishings and durable household equipment.............................................................. Recreational goods and vehicles................................................................................ Other durable g o o d s....... Nondurable goods...................................................................................................... Food and beverages purchased for off-premises consumption........................................... Clothing and footwear.............................................................................................. Gasoline and other energy g o ods............................. Other nondurable g o o d s......................................... 2 3 4 5 6 7 8 9 10 11 12 3.2 -1.4 -1.1 -0.6 -4.5 3.7 5.6 6.0 -0.8 17.7 2.4 -2 .5 -1.6 0.1 -0.3 -5.6 1.4 -2.9 1.3 0.9 -27.1 4.4 5.7 -2.5 4.9 -5.9 -8.3 0.3 9.7 -2.4 3.6 88.1 2.6 2.8 0.7 9.9 -5.0 -6.0 5.4 3.8 -0.1 -1.8 26.8 1.3 2.6 -2.0 4.2 -3.4 -5.9 -4.5 4.7 1.8 -1.3 24.5 2.3 -3 .6 -1.6 2.6 -4.1 -4.9 1.4 -4.6 1.6 -4.1 -26.2 0.0 1.0 -2.2 2.3 -5.4 -5.5 0.7 2.5 0.3 3.7 9.8 1.3 S e rv ic e s ............................................................................................................................................................ Household consumption expenditures (for services)........................................................... Housing and utilities................................................................................................. Healthcare....................................... Transportation services........................ Recreation services................................................................................................. Food services and accommodations........................................................................... Financial services and insurance... Other services......................... Final consumption expenditures of nonprofit institutions serving households ( N P IS H s ) 1............ Gross output of nonprofit institutions 2.......................................................................... Less: Receipts from sales of goods and services by nonprofit institutions3 .......................... 13 14 15 16 17 18 19 20 21 22 23 24 3.4 3.5 3.6 2.7 5.4 3.1 4.0 3.0 4.1 0.7 2.6 3.3 1.5 1.7 1.2 2.7 2.9 1.2 2.4 -0.4 2.3 -3.1 1.4 3.0 1.7 1.7 -0.2 2.8 2.6 4.0 0.5 1.7 3.2 0.9 2.9 3.6 2.7 2.8 0.5 3.3 3.8 0.4 1.8 7.5 4.0 -0.1 2.8 3.8 1.8 2.0 0.4 2.2 2.7 -0.3 0.2 7.3 2.6 -2.8 1.2 2.5 1.8 1.8 0.0 2.5 2.6 2.1 2.8 1.3 3.3 1.8 2.8 3.1 1.0 1.0 0.5 2.0 -1.2 1.7 1.9 -0.5 1.0 2.6 2.1 2.0 Addenda: P C E excluding food and energy 4................................................................................... Energy goods and services 5................... Market-based P C E 6................................................................................................... Market-based P C E excluding food and energy 6................................................................ 25 26 27 28 2.3 14.3 3.4 2.3 1.5 -19.2 0.3 1.9 1.5 41.5 3.0 1.3 2.1 18.0 2.2 1.4 1.2 16.4 1.7 0.7 1.0 -17.5 -0.2 1.0 0.8 5.3 1.3 1.1 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. ■24 N a tio n a l D a t a Novem ber 2010 Government Current Receipts and Expenditures Table 3.1. Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 3,726.9 2,409.3 1,140.0 1,024.7 231.4 13.2 975.1 162.2 140.8 21.5 193.5 98.5 95.0 -13.2 3,702.5 2,391.2 1,117.0 1,028.2 233.1 12.9 975.4 162.1 140.3 21.8 185.5 90.0 95.6 -11.7 3,785.0 2,459.4 1,117.2 1,035.2 294.6 12.4 979.5 166.8 141.7 25.1 190.5 93.6 97.0 -11.3 3,904.0 2,572.4 1,134.7 1,045.9 379.2 12.6 992.9 159.3 141.4 18.0 191.4 93.0 98.5 -12.1 3,929.7 2,586.0 1,137.3 1,054.6 381.3 12.8 1,000.7 162.2 142.9 19.2 193.9 93.8 100.1 -13.1 5,268.6 2,485.2 2,319.0 2,265.2 2,249.1 16.1 53.8 405.9 264.8 141.1 58.5 0.0 III 1 2010 IV I II III Current re c e ip ts ...................................................................................................................................... Current tax receipts.... 2 Personal current taxes................................................................................................. Taxes on production and imports.................................................................................... Taxes on corporate income........................................................................................... Taxes from the rest of the world..................................................................................... Contributions for government social insurance...................................................................... Income receipts on a sse ts............................................................................................... Interest and miscellaneous receipts................................................................................ Dividends............................... Current transfer receipts................ From business (net).................. From persons.......................... Current surplus of government enterprises........................................................................... 3 4 5 6 7 8 9 10 11 12 13 14 4,074.0 2,780.3 1,438.2 1,045.1 280.2 16.8 992.1 146.9 143.8 3.1 171.4 81.7 89.7 -16.7 Current e xpe nd itu re s............... Consumption expenditures.............................................................................................. Current transfer payments................................................................................................ Government social benefits........................................................................................... To persons....... To the rest of the world.............................................................................................. Other current transfer payments to tne rest of tne woria (net)................................................ Interest payments ..................................................................................................... To persons and business.............................................................................................. To the rest of the world................................................................................................. Subsidies............... Less: Wage accruals less disbursements............................................................................ 15 16 17 18 19 20 21 22 23 24 25 26 4,737.7 2,382.8 1,902.7 1,857.8 1,842.6 15.2 44.8 399.4 232.8 166.6 52.8 0.0 4,998.8 2,411.5 2,164.9 2,112.3 2,096.8 15.5 52.7 362.0 218.0 144.0 60.3 0.0 5,078.4 2,425.3 2,202.1 2,139.0 2,123.4 15.6 63.1 382.0 243.4 138.6 69.1 0.0 5,081.5 2,434.0 2,215.0 2,168.2 2,152.5 15.7 46.8 374.1 237.8 136.3 58.4 0.0 5,189.6 2,464.7 2,287.2 2,224.6 2,208.9 15.8 62.5 380.3 242.8 137.5 57.4 0.0 Net governm ent saving Social insurance funds........ Other.............................. 27 28 29 -663.6 -53.2 -610.4 -1,271.9 -249.8 -1,022.0 -1,375.9 -274.5 -1,101.3 -1,296.4 -284.5 -1,012.0 -1,285.7 -274.9 -1,010.8 -1,338.9 ............. -273.5 -274.6 -1,065.4 ............. Total re c e ip ts ................................................................................................................................................ Current receipts...................................................................................................... Capital transfer receipts............................................................................................ 30 31 32 4,107.9 4,074.0 33.9 3,752.2 3,726.9 25.3 3,727.6 3,702.5 25.1 3,805.8 3,785.0 20.8 3,930.2 3,904.0 26.2 3,953.3 3,929.7 ............. 23.7 20.0 Total expenditures....................................................................................................................................... Current expenditures Gross government investment.................................................................................... Capital transfer payments 36 Net purchases of nonproduced a sse ts......................................................................... Less: Consumption of fixed capital.............................................................................. 33 34 35 37 38 5,020.2 4,737.7 495.5 104.6 -5.3 312.3 5,344.9 4,998.8 503.4 161.8 6.3 325.3 5,367.0 5,078.4 508.5 90.2 15.1 325.1 5,393.6 5,081.5 500.5 125.2 13.1 326.8 5,471.6 5,189.6 491.0 106.9 13.7 329.6 5,591.9 5,268.6 505.6 137.3 13.4 333.0 Net lending o r net b orrow ing ( - ) ............................................................................................................. 39 -912.3 -1,592.7 -1,639.4 -1,587.8 -1,541.4 -1,638.6 1,159.6 1,061.7 12.3 1,007.1 166.4 145.0 21.4 198.0 96.2 101.8 -14.2 5,307.5 2,503.5 2,343.3 2,289.2 2,272.6 16.6 54.1 402.3 58.5 0.0 Addenda: 5,564.4 5,307.5 515.3 61.7 16.3 336.5 N ovem ber 20 1 0 Su r v e y C of urrent Table 3.2. Federal Government Current Receipts and Expenditures [Billions of dollars] B u s in e s s D -2 5 Table 3.3. State and Local Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III Current re ce ip ts .......... Personal current taxes.... Taxes on production and imports.................... Excise taxes............. Customs duties.......... Taxes on corporate income.................... Federal Reserve banks Taxes from the rest of the world....................... Contributions for government social insurance............ Income receipts on assets.... Interest receipts............ Dividends..................... Rents and royalties........ Current transfer receipts..... From business.............. From persons............... Current surplus of government enterprises.... Current expenditures Consumption expenditures... Current transfer payments.... Government social benefits.................... To persons............... To the rest of the world Other current transfer payments................. Grants-in-aid to state and local governments.......... To the rest of the world (net).................... Interest payments............. To persons and business To the rest of the world... Subsidies........................ Less: Wage accruals less disbursements.............. 1 ? 3 2,503.1 1.447.8 1.102.8 2,205.8 1,142.4 852.7 4 5 6 96.0 66.8 29.2 / 8 q Seasonally adjusted at annual rates 2010 I IV II Line 2,176.3 1,121 3 827.0 2,322.8 1,253.6 843.2 2,346.5 1,269.3 856.7 867.5 94.4 71.4 23.1 97.0 74.7 22.3 97.1 74.0 23.1 100.6 75.0 25.6 106.6 79.1 27.5 109.2 79.4 29.7 232.2 31.7 200.5 182.1 47.4 134.6 184.4 56.7 127 7 233.2 77.5 155 8 297.1 88.9 208 3 293.2 69.6 223 6 10 16.8 13.2 12.9 12.4 12.6 12.8 12.3 11 12 13 14 15 16 17 18 972.4 31.7 21.1 0.6 10.0 55.0 34.9 20.0 953.5 46.2 22.7 18.7 4.8 67.9 48.1 19.8 953.5 46.0 23.0 19.0 3.9 58.9 39.2 19.7 957.4 50.0 24.2 22.3 3.4 61.8 42.0 19.7 970.6 41.8 24.4 14.9 2.5 60.2 40.3 19.9 978.3 44.0 25.3 16.3 2.5 59.1 39.1 20.0 984.6 47.6 26.3 18.6 2.7 60.5 40.5 20.0 19 -3.7 -4.2 -3.5 -3.6 -3.4 -4.2 -5.0 20 21 22 3,119.3 934.6 1,843.7 3,457.5 987.1 2,157.4 3,532.9 999.7 2,191.5 3,542.0 1,001.8 2,216.7 3,637.1 1,017.3 2,292.3 3,701.2 1,038.5 2,311.4 3,751.0 1,061.5 2,342.8 23 24 25 1,402.7 1,387.4 15.2 1,620.2 1,604.7 15.5 1,637.6 1,622.0 15.6 1,668.8 1,653.1 15.7 1,715.2 1,699.5 15.8 1,732.6 1,716.5 16.1 1,749.5 1,732.9 16.6 26 441.1 537.3 554.0 547.9 577.1 578.8 593.4 Net state and local government sa v in g .......... Social insurance funds................. Other....................................... Addenda: 396.2 484.6 490.9 501.1 514.6 525.0 539.3 28 29 30 31 32 44.8 291.2 124.6 166.6 49.8 52.7 254.0 110.0 144.0 58.9 63.1 273.8 135.3 138.6 67.9 46.8 266.4 130.0 136.3 57.2 62.5 271.6 134.1 137.5 55.8 53.8 294.9 153.8 141.1 56.4 54.1 289.8 33 0.0 0.0 0.0 0.0 0.0 0.0 0.0 34 3b 38 -616.2 -1,251.7 -1,356.7 -1,310.3 -1,314.2 -1,354.7 -252.4 -54.9 -277.3 -287.3 -277.6 -276.1 -561.3 -999.3 -1,079.4 -1,023.0 -1,036.7 -1,078.6 -277.1 Total re c e ip ts ................... Current receipts......... Capital transfer receipts 37 38 39 2,531.3 2,503.1 28.2 2,226.5 2,205.8 20.7 2,196.9 2,176.3 20.7 2,248.3 2,231.7 16.6 2,345.1 2,322.8 22.2 2,366.1 2,346.5 19.6 15.8 Total e xp e nd itu re s.......... Current expenditures.... Gross government investment............ Capital transfer payments.............. Net purchases of nonproduced assets Less: Consumption of fixed capital........... 40 41 3,286.4 3,119.3 3,703.1 3,457.5 3,727.1 3,532.9 3,770.2 3,542.0 3,828.7 3,637.1 3,936.3 3,701.2 3,925.7 3,751.0 42 145.3 152.4 155.7 158.1 160.8 168.2 172.1 43 160.8 224.6 161.3 196.4 158.3 196.4 130.9 44 -19.2 -7.0 1.8 -0.4 -0.1 -0.7 1.9 45 119.8 124.3 124.7 125.9 127.3 128.8 130.3 Net lending o r net borrow ing ( - ) ............... 46 -755.2 -1,476.6 -1,530.1 -1,521.9 -1,483.6 -1,570.3 56.9 Addenda: Current receipts................. Current tax receipts.................... Personal current taxes.............. Income taxes...................... Other................................. Taxes on production and imports Sales taxes......................... Property taxes.................... Other................................. Taxes on corporate income........ Contributions for government social insurance.............................. Income receipts on asse ts............ 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........................ 2010 2009 III 2,231.7 1,166.2 823.4 2009 III 27 Net federal governm ent saving Social insurance funds...... Other............................. 2008 IV II I III 1 1,967.2 2,005.8 2,017.2 2,054.4 2,095.7 2,108.1 2 1,332.5 1,267.0 1,270.0 1,293.2 1,318.8 1,316.7 335.4 3 287.3 290.0 293.8 280.6 291.5 4 308.0 259.1 261.8 265.0 251.3 262.5 29.4 5 27.5 28.2 28.2 28.9 28.9 949.1 948.1 6 930.3 931.3 938.0 945.3 7 442.7 426.4 421.1 424.4 421.3 420.8 8 411.7 425.2 434.8 426.8 428.9 431.8 9 94.7 83.2 88.4 86.9 84.0 89.0 10 48.0 49.4 48.7 88.1 61.3 82.0 11 12 13 14 15 16 17 18 19 20 21 22 19.7 115.2 99.5 2.5 13.2 512.7 396.2 46.8 69.7 21.6 116.0 98.8 2.7 14.5 610.2 484.6 50.4 75.2 21.8 116.1 98.7 2.8 14.6 617.5 490.9 50.7 75.9 -13.0 -9.0 -8.2 -7.7 2,014.6 2,025.9 2,036.4 1,448.2 1,424.4 1,425.6 2,040.6 1,432.2 22.1 116.9 99.0 2.9 15.0 629.9 501.1 51.6 77.2 292.0 262.3 29.7 952.6 427.3 437.6 87.7 22.3 117.5 99.0 3.0 15.5 645.8 514.6 52.7 78.6 22.4 118.1 99.2 2.9 16.0 659.8 525.0 54.7 80.1 22.5 118.7 99.4 2.8 16.6 676.8 539.3 55.7 81.8 -8.7 -8.9 -9.2 2,067.2 2,092.4 1,447.4 1,446.7 2,095.8 1,442.0 23 24 25 455.2 108.2 3.0 492.1 108.0 1.4 501.5 108.1 1.2 499.4 107.7 1.2 509.4 108.7 1.6 532.6 111.0 2.1 539.7 112.5 1.6 26 0.0 0.0 0.0 0.0 0.0 0.0 0.0 27 28 29 -47.4 1.7 -49.1 -20.1 2.6 -22.7 -19.2 2.7 -21.9 13.9 2.8 11.1 28.6 2.7 25.9 15.8 2.6 13.1 2.6 Total receipts........................ Current receipts................... Capital transfer receipts......... 30 31 32 Total expenditures................. Current expenditures............ Gross government investment Capital transfer payments...... Net purchases of nonproduced a sse ts............................ Less: Consumption of fixed capital............................ 33 2,186.2 2,189.3 2,202.0 34 2,014.6 2,025.9 2,036.4 35 350.3 351.0 352.8 36 0.0 0.0 0.0 Net lending or net borrowing (-) 2,029.1 2,073.1 2,092.8 1,967.2 2,005.8 2,017.2 67.4 61.9 75.6 2,129.8 2,151.1 2,171.3 2,054.4 2,095.7 2,108.1 63.2 75.3 55.4 2,195.7 2,040.6 342.4 0.0 2,208.8 2,239.7 2,067.2 2,092.4 337.4 330.2 0.0 0.0 73.5 2,247.2 2,095.8 343.3 0.0 37 13.9 13.4 13.3 13.5 13.8 14.1 14.4 38 192.6 200.9 200.5 200.8 202.3 204.2 206.3 39 -157.1 -116.1 -109.3 -65.9 -57.7 -68.4 D -2 6 N ovem ber 2010 N a t io n a l D a t a Table 3.9.1. Percent Change From Preceding Period in Real Government Table 3.9.2. Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment Consumption Expenditures and Gross Investment [Percent] Seasonally adjusted at annual rates Line 2008 2009 2009 III G overnment consu m p tion expenditures and g ross in v e s tm e n t.......................... Consumption expenditures 1 Gross investment2........... Structures................... Equipment and software Seasonally adjusted at annual rates 2010 IV I II Line 2008 2009 III 2009 III 2010 IV I II III Percent change at annual rate: 1 2 3 4 5 2.8 2.5 4.3 0.9 10.4 1.6 1.9 0.2 0.1 0.4 1.6 0.8 5.6 8.3 1.2 -1.4 -0.5 -5.5 -11.2 5.1 -1 .6 -0.2 -8.2 -14.5 2.7 3.9 2.5 11.3 9.0 14.9 3.4 2.7 6.7 8.8 3.6 Federal............................................... Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 6 7 8 9 10 7.3 6.5 12.1 3.1 13.9 5.7 5.8 5.3 23.2 2.0 5.7 4.3 15.1 105.4 1.3 0.0 -0.8 5.3 10.3 4.1 1.8 1.1 6.3 18.2 3.6 9.1 7.6 19.4 17.0 20.0 8.8 8.7 9.5 26.7 5.5 National defe nse......................... Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 11 12 13 14 15 7.5 6.5 14.4 9.3 15.1 5.4 5.3 6.0 40.1 1.7 9.0 7.9 15.6 184.0 -0.6 -2.5 -3.6 4.5 11.3 3.3 0.4 0.3 0.7 3.5 0.2 7.4 5.4 20.4 0.5 24.5 8.5 9.0 5.1 23.1 2.1 Nondefense .................................. Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 16 17 18 19 20 6.7 6.7 7.0 -2.5 10.6 6.5 6.9 3.9 6.2 3.1 -0.9 -2.8 13.8 34.9 6.8 5.6 5.4 7.2 8.9 6.5 5.0 2.9 20.8 42.3 13.5 12.8 12.2 17.2 42.0 8.3 9.6 8.1 20.1 31.1 15.7 State and lo c a l................................. Consumption expenditures....... Gross investment.................... Structures......................... Equipment and software 21 22 23 24 25 0.3 0.0 1.4 0.8 4.2 -0 .9 -0.7 -1.9 -1.7 -2.6 -1 .0 -1.7 1.7 1.9 1.1 -2.3 -0.4 -9.9 -13.3 7.1 -3.8 -1.1 -14.4 -17.6 1.0 0.6 -0.9 7.5 8.1 4.9 -0.2 -1.5 5.4 6.7 -0.3 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction 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. G overnment co nsum ption expenditures and gross investm en t........................... 1 2.8 1.6 1.6 -1.4 -1 .6 3.9 3.4 Percentage poin ts at annual rates: Consumption expenditures 1 Gross investment2........... Structures................... Equipment and software 2 3 4 5 2.08 0.74 0.10 0.64 1.56 0.04 0.01 0.03 0.61 0.97 0.89 0.08 -0.45 -0.95 -1.27 0.33 -0.14 -1.44 -1.61 0.18 2.13 1.82 0.90 0.92 2.23 1.13 0.88 0.25 Federal............................................... Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 6 7 8 9 10 2.63 2.06 0.57 0.02 0.54 2.15 1.89 0.27 0.18 0.09 2.17 1.42 0.75 0.69 0.06 0.00 -0.28 0.28 0.10 0.18 0.73 0.40 0.33 0.18 0.15 3.56 2.56 1.00 0.17 0.82 3.48 2.96 0.52 0.27 0.25 National d efe nse ......................... Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 11 12 13 14 15 1.85 1.38 0.46 0.03 0.43 1.37 1.16 0.21 0.16 0.05 2.30 1.75 0.55 0.56 -0.01 -0.67 -0.84 0.17 0.07 0,11 0.10 0.07 0.03 0.02 0.01 1.96 1.23 0.73 0.00 0.73 2.25 2.04 0.20 0.13 0.07 N o ndefense.................................. Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 16 17 18 19 20 0.78 0.68 0.10 -0.01 0.11 0.78 0.72 0.06 0.02 0.03 -0.13 -0.33 0.20 0.12 0.07 0.67 0.56 0.11 0.04 0.07 0.63 0.33 0.30 0.16 0.15 1.60 1.33 0.27 0.17 0.10 1.23 0.91 0.32 0.14 0.18 State and lo c a l................................. Consumption expenditures....... Gross investment.................... Structures......................... Equipment and software....... 21 22 23 24 25 0.19 0.02 0.17 0.08 0.09 -0.56 -0.33 -0.23 -0.17 -0.06 -0.59 -0.81 0.22 0.20 0.02 -1.40 -0.17 -1.23 -1.38 0.15 -2.31 -0.54 -1.77 -1.79 0.02 0.39 -0.44 0.83 0.72 0.10 -0.12 -0.72 0.60 0.61 -0.01 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction 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, 2005=100] [Index numbers, 2005=100] Seasonally adjusted Seasonally adjusted Line 2008 2009 2009 III G overnment co nsum ption expenditures and gross in v e s tm e n t.......................... Consumption expenditures1 Gross investment2........... Structures................... Equipment and software Line 2010 IV I II 2009 Government consum ption expenditures and gross investm en t........................... Consumption expenditures 1 Gross investment2........... Structures................... Equipment and software 2009 2010 III IV I II III 1 2 3 4 5 115.009 114.929 115.410 124.557 101.349 114.644 114.166 116.983 127.347 101.257 114.635 114.300 116.281 126.221 101.139 115.067 114.864 116.069 125.806 101.201 116.358 116.365 116.320 126.100 101.389 116.606 116.599 116.641 126.608 101.471 116.734 116.687 116.960 127.196 101.449 F ederal............................................... Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 6 7 8 9 10 111.119 112.078 104.902 118.600 102.634 110.895 111.885 104.493 118.983 102.082 110.716 111.736 104.137 117.676 101.893 111.141 112.188 104.399 117.301 102.286 112.375 113.600 104.577 117.183 102.529 112.615 113.869 104.652 116.961 102.668 112.718 113.986 104.679 117.454 102.592 124.229 120.441 151.767 220.413 143.042 National d efe nse ......................... Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 11 12 13 14 15 112.109 113.091 105.781 117.998 104.450 111.342 112.240 105.507 118.453 104.073 111.153 112.059 105.274 117.393 103.952 111.590 112.522 105.559 117.325 104.297 113.046 114.191 105.807 117.171 104.616 113.377 114.555 105.950 116.575 104.885 113.489 114.698 105.893 116.873 104.768 126.271 124.023 142.777 165.099 134.959 N o ndefense.................................. Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 16 17 18 19 20 109.077 110.000 103.021 119.217 98.102 109.984 111.156 102.299 119.486 97.089 109.822 111.067 101.655 117.893 96.724 110.222 111.496 101.866 117.094 97.248 110.997 112.389 101.884 117.026 97.292 111.053 112.466 101.806 117.282 97.101 111.138 112.531 102.017 118.011 97.129 101.179 100.213 100.367 100.310 101.354 101.076 100.847 100.465 100.474 96.642 98.399 99.699 95.736 91.207 92.999 94.529 124.943 125.262 126.760 126.674 State and lo c a l................................. Consumption expenditures....... Gross investment.................... Structures......................... Equipment and software....... 21 22 23 24 25 117.349 116.766 119.842 125.020 99.005 116.892 115.608 122.380 128.032 99.792 116.998 115.943 121.512 126.926 99.809 117.434 116.587 121.054 126.507 99.220 118.760 118.148 121.341 126.852 99.303 119.014 118.356 121.800 127.454 99.270 119.158 118.422 122.284 128.052 99.357 1 2 3 4 5 105.605 104.824 109.528 100.776 126.200 107.287 106.797 109.766 100.859 126.759 107.991 107.282 111.542 103.043 127.651 107.613 107.140 109.989 100.014 129.243 107.185 107.093 107.652 96.172 130.112 108.228 107.764 110.565 98.270 134.697 109.125 108.479 112.382 100.359 135.906 Federal............................................... Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 6 7 8 9 10 110.900 108.888 125.350 121.683 126.047 117.266 115.204 132.056 149.869 128.620 119.085 116.828 135.308 162.136 130.134 119.091 116.599 137.061 166.170 131.451 119.634 116.932 139.168 173.275 132.607 122.276 119.086 145.476 180.206 138.792 124.891 121.603 148.807 191.172 140.672 National defense......................... Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 11 12 13 14 15 111.653 109.175 129.524 128.929 129.558 117.648 114.933 137.252 180.681 131.719 120.237 117.326 141.271 201.764 133.577 119.477 116.251 142.838 207.231 134.652 119.582 116.337 143.089 209.013 134.711 121.732 117.866 149.875 209.254 142.306 Nondefense.................................. Consumption expenditures.... Gross investment................ Structures...................... Equipment and software.... 16 17 18 19 20 109.326 108.284 116.678 115.142 117.390 116.467 115.768 121.237 122.304 121.014 116.687 115.800 122.874 126.678 121.648 118.283 117.321 125.021 129.417 123.580 119.738 118.171 131.075 141.343 127.549 123.410 121.627 136.377 154.301 130.127 State and lo c a l................................. Consumption expenditures....... Gross investment.................... Structures......................... Equipment and software....... 21 22 23 24 25 102.611 102.328 103.812 99.379 126.427 101.688 101.655 101.854 97.665 123.117 101.770 101.444 103.135 99.210 122.825 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction 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 III 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction 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. Novem ber 2010 Su r v e y of C urrent D -2 7 B u s in e s s Table 3.9.5. Government Consumption Expenditures Table 3.10.1. Percent Change From Preceding Period in Real Government and Gross Investment [Billions of dollars] Consumption Expenditures and General Government Gross Output [Percent] Seasonally adjusted at annual rates Seasonally adjusted at annual rates Line 2008 2009 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 2,878.3 2 2,382.8 3 495.5 309.4 4 186.1 5 6 7 8 9 10 Line 2010 2009 IV III I 2,914.9 2,933.8 2,934.5 2,955.7 2,990.8 3,018.9 2,411.5 503.4 316.6 186.8 2,425.3 508.5 320.6 187.9 2,434.0 500.5 310.2 190.4 2,464.7 491.0 299.0 192.0 2,485.2 505.6 306.7 198.9 2,503.5 515.3 314.7 200.7 1,079.9 1,139.6 1,155.4 1,159.9 1,178.1 1,206.7 1,233.6 934.6 145.3 22.7 122.6 987.1 152.4 28.0 124.4 999.7 155.7 30.0 125.6 1,001.8 158.1 30.7 127.4 1,017.3 160.8 32.0 128.8 1,038.5 168.2 33.2 135.0 1,061.5 172.1 35.4 136.7 11 12 13 14 15 737.3 771.6 787.3 785.4 796.3 813.0 830.5 635.7 101.7 11.3 90.3 664.1 107.5 15.9 91.5 676.9 110.4 17.7 92.7 673.5 111.9 18.1 93.8 684.0 112.4 18.3 94.1 695.2 117.9 18.2 99.7 711.2 119.3 19.2 100.1 16 17 18 19 20 342.5 368.0 368.1 374.5 381.8 393.7 403.1 299.0 43.6 11.3 32.2 323.0 45.0 12.1 32.9 322.8 45.3 12.4 32.9 328.3 46.2 12.5 33.6 333.3 48.4 13.7 34.7 343.3 50.3 15.0 35.4 350.3 52.8 16.1 36.7 21 22 23 24 25 1,798.5 1,775.3 1,778.4 1,774.7 1,777.6 1,784.1 1,785.3 1,448.2 350.3 286.7 63.6 1,424.4 351.0 288.5 62.4 1,425.6 352.8 290.6 62.3 1,432.2 342.4 279.5 63.0 1,447.4 330.2 267.0 63.2 1,446.7 337.4 273.5 63.9 1,442.0 343.3 279.3 63.9 1. Government consumption expenditures are sen/ices (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction 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 3.9.6. Real Government Consumption Expenditures and Gross Investment, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 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....... Residual.................................. 1 2,502.7 2 2,073.3 429.4 3 4 248.4 183.7 5 I II III 2,542.6 2,559.3 2,550.3 2,540.2 2,564.9 2,586.1 2,112.3 430.3 248.6 184.5 2,121.9 437.3 254.0 185.8 2,119.1 431.2 246.5 188.1 2,118.1 422.0 237.0 189.4 2,131.4 433.4 242.2 196.0 2,145.6 440.6 247.4 197.8 6 7 8 9 10 971.8 1,027.6 1,043.5 1,043.6 1,048.4 1,071.5 1,094.4 833.9 138.5 19.1 119.4 882.3 145.9 23.6 121.9 894.7 149.5 25.5 123.3 893.0 151.4 26.1 124.5 895.5 153.7 27.2 125.6 912.0 160.7 28.3 131.5 931.3 164.4 30.1 133.3 11 12 13 14 15 657.7 693.0 708.3 703.8 704.4 717.1 731.8 562.1 96.1 9.6 86.5 591.7 101.9 13.5 87.9 604.0 104.8 15.0 89.2 598.5 106.0 15.4 89.9 598.9 106.2 15.6 89.9 606.8 111.2 15.6 95.0 620.1 112.6 16.4 95.5 16 17 18 19 20 314.0 334.6 335.2 339.8 344.0 354.5 362.7 271.8 42.3 9.5 32.9 290.6 44.0 10.1 33.9 290.7 44.5 10.5 34.0 294.5 45.3 10.7 34.6 296.6 47.5 11.7 35.7 305.3 49.4 12.8 36.4 311.3 51.8 13.6 37.8 21 22 23 24 25 26 1,532.6 1,518.8 1,520.0 1,511.2 1,496.8 1,499.1 1,498.2 1,240.2 292.3 229.3 64.2 -3.4 1,232.1 286.8 225.4 62.5 -5.1 1,229.5 290.4 228.9 62.4 -4.9 1,228.4 282.9 220.9 63.5 -6.1 1,225.1 272.1 210.5 63.6 -7.4 1,222.3 277.0 214.6 64.4 -8.3 1,217.7 280.7 218.1 64.3 -8.7 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction 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 (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 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. 2009 2009 III 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 go od s.................... Nondurable g o o d s............... 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 go od s........................ Nondurable go od s................... 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 go od s........................ Nondurable go od s................... Services................................ Less: Own-account investment4....... Sales to other sectors........... Nondefense consumption expenditures 1...................................... 2010 IV 2008 III II 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 g o od s........................ Nondurable go od s................... Commodity Credit Corporation inventory change.............. Other nondurable goods........ Services................................ Less: Own-account investment4....... Sales to other sectors........... State and local consumption expenditures 1 Gross output of general government.... Value added.............................. Compensation of general government employees......... Consumption of general government fixed capital2...... Intermediate goods and services purchased 3........................... Durable go od s........................ Nondurable go od s................... Services................................ Less: Own-account investment4....... Sales to other sectors........... Tuition and related educational charges...... Health and hospital charges Other sales..................... 2010 IV I II III 1 2 3 2.5 1.9 0.8 -0.5 -0.2 2.5 2.7 2.6 2.3 2.0 1.6 1.0 0.1 -0.2 0.7 0.1 0.5 2.8 1.7 2.8 -1.5 4 2.1 1.2 -0.4 0.3 0.1 1.4 -2.4 5 3.5 3.5 3.1 2.9 2.7 3.2 3.6 6 7 8 9 10 11 2.9 10.7 0.0 3.4 4.5 2.8 2.7 4.0 2.1 2.9 0.4 3.1 2.5 18.2 -3.1 2.9 -2.9 3.0 -1.7 -11.2 -5.4 0.7 -13.1 3.0 -0.7 -7.9 -0.3 -0.1 -12.4 2.5 4.7 8.4 3.6 4.7 5.8 4.2 9.9 12.3 6.4 11.0 7.3 2.9 12 13 14 6.5 5.8 4.3 -0.8 1.1 7.6 8.7 6.6 3.9 5.8 5.8 4.4 3.5 -0.8 2.8 1.3 3.9 8.0 6.0 8.9 -0.9 15 3.8 6.1 3.4 2.5 3.9 6.4 -2.4 16 4.2 4.6 4.2 3.9 3.6 4.3 4.9 17 18 19 20 21 22 10.1 17.1 6.4 9.8 7.6 17.3 5.8 5.7 11.3 5.0 3.8 7.1 5.5 29.4 -12.1 5.2 8.7 11.9 -4.9 -15.4 -21.8 -0.6 -3.0 2.2 -1.8 -11.5 0.4 -0.8 2.4 13.4 10.7 12.2 17.5 9.5 10.0 63.1 21.7 18.2 30.9 20.9 12.7 20.0 23 24 6.5 5.3 7.9 -3.6 0.3 5.4 9.0 6.5 4.0 5.2 6.1 8.0 7.0 -3.6 3.9 0.3 2.3 5.3 2.1 9.0 2.0 2b 26 3.9 6.6 7.9 3.8 1.9 1.3 1.0 27 4.3 4.6 4.3 4.0 3.8 4.6 5.2 28 29 30 31 32 33 9.5 17.4 1.9 9.1 4.6 13.2 4.2 5.3 4.8 3.9 4.1 -3.7 9.1 30.6 48.0 1.9 7.5 13.7 -11.5 -16.5 -54.0 -4.1 4.2 -8.5 -2.0 -13.2 -2.4 0.3 3.8 5.6 9.3 12.0 14.7 8.3 4.3 -3.0 17.6 17.7 21.9 17.2 18.9 4.4 34 35 36 6.7 6.9 -2.8 5.4 2.9 12.2 8.1 6.9 3.8 7.0 5.2 -2.4 -2.6 5.3 0.7 3.2 6.8 13.7 13.7 8.5 -6.0 37 3.8 5.3 -3.9 0.2 7.6 15.7 -7.8 38 4.1 4.4 3.9 3.3 2.9 3.3 3.9 39 40 41 11.7 13.7 9.6 11.1 -2.1 15.4 11.8 1.5 -1.6 13.4 13.8 15.6 30.9 24.8 13.4 11.5 10.0 20.5 19.1 7.4 3.5 15.3 -21.9 12.9 9.6 10.8 5.2 7.3 -8.2 9.2 11.0 -3.0 1.3 18.1 17.3 12.3 14.6 113.2 34.1 29.1 8.1 27.8 0.0 -0.7 -1.7 -0.4 -1.1 -0.9 -1.5 0.5 1.7 0.1 -0.2 -0.8 -1.4 0.1 -0.2 -0.6 -1.0 -0.1 -0.3 -0.6 -1.8 50 1.5 -0.7 -1.9 -0.5 -1.4 -0.7 -2.4 51 3.0 2.6 2.4 2.2 2.1 2.3 2.5 52 53 54 55 56 57 -1.5 0.3 -1.3 -1.8 3.8 2.5 0.6 0.9 0.0 1.0 -0.4 3.0 0.3 -1.5 -0.5 0.9 -5.3 2.8 0.8 -1.9 -0.8 1.8 -15.4 3.1 0.2 -0.5 -0.5 0.6 -15.7 2.3 0.4 1.2 0.5 0.3 4.8 2.9 1.7 1.2 0.9 2.1 6.0 2.4 58 59 60 1.3 3.7 1.6 1.2 3.2 3.9 0.2 2.8 4.5 3.2 2.7 3.5 2.4 2.4 2.0 2.8 2.8 3.1 2.8 2.8 1.6 42 43 44 45 46 47 48 49 1. Government consumption expenditures are services (such as education and national defense) produced by govern ment that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction 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. D -2 8 N ovem ber 2 0 1 0 N a t io n a l D a t a Table 3.10.3. Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes [Index numbers, 2005=100] Seasonally adjusted Line 2008 2009 2009 III 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................................................................................. 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 go od s.............................................................................. Services...................................... Less: Own-account investment4............. Sales to other sectors................................................................................. State and local consumption expenditures 1........................................................................................ Gross output of general government Value added.......................... Compensation of general government employees................................................. Consumption of general government fixed 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 sa le s........................................................................................... 2010 IV I II III 104.824 106.797 107.282 107.140 107.093 107.764 108.479 104.874 104.199 103.211 110.010 105.992 124.676 102.139 105.880 107.176 105.028 106.999 105.851 104.497 113.823 108.904 129.719 104.263 108.914 107.566 108.291 107.482 105.971 104.559 114.291 110.007 135.311 104.744 109.843 108.207 108.744 107.430 106.162 104.645 115.117 109.543 131.359 103.294 110.025 104.471 109.563 107.447 106.300 104.677 115.893 109.355 128.680 103.216 110.004 101.077 110.252 108.188 106.740 105.039 116.797 110.605 131.296 104.125 111.271 102.521 111.392 108.926 106.341 104.407 117.824 113.258 135.159 105.746 114.214 104.346 112.191 108.888 115.204 116.828 116.599 116.932 119.086 121.603 108.593 104.625 102.827 111.350 113.788 138.440 101.524 112.858 101.328 87.389 114.893 110.690 109.135 116.453 120.396 146.344 113.000 118.510 105.134 93.613 116.517 111.566 110.071 117.092 123.018 155.944 115.711 120.311 106.115 95.652 116.293 112.331 110.747 118.204 121.491 149.561 108.820 120.136 105.316 96.183 116.660 113.402 111.824 119.247 120.927 145.082 108.921 119.907 105.942 99.245 118.939 115.057 113.579 120.495 124.031 149.333 113.393 122.665 108.492 112.148 121.493 114.806 112.902 121.940 130.280 155.706 121.288 128.632 111.785 117.367 23 24 25 26 27 28 29 30 31 32 33 109.175 114.933 117.326 116.251 116.337 117.866 120.441 109.075 103.976 101.892 110.697 115.371 139.876 101.779 113.289 97.563 100.585 114.767 110.345 108.625 115.830 120.216 147.306 106.644 117.746 101.581 96.885 117.148 111.528 109.966 116.472 124.108 157.469 119.804 119.616 102.786 98.111 116.074 112.593 111.002 117.632 120.374 150.507 98.654 118.386 103.857 95.950 116.171 113.245 111.519 118.742 119.776 145.280 98.052 118.479 104.833 97.261 117.684 113.823 111.875 120.080 122.459 149.444 101.469 120.851 105.949 96.532 120.259 114.391 112.158 121.622 127.535 155.645 106.610 125.745 110.634 97.575 34 35 36 37 38 39 40 41 42 43 44 45 46 108.284 115.768 115.800 117.321 118.171 121.627 124.023 107.611 105.832 104.414 113.118 110.222 122.313 115.155 111.319 109.985 118.132 120.804 135.906 115.248 111.618 110.224 118.762 120.592 138.782 116.743 111.819 110.283 119.741 124.011 139.296 117.659 113.680 112.324 120.593 123.523 143.754 121.502 117.381 116.507 121.589 127.575 149.071 124.012 115.571 114.162 122.758 136.463 157.561 99.960 111.883 104.353 79.934 119.071 120.210 107.988 92.136 116.388 121.856 108.789 94.702 117.860 124.028 106.485 96.817 120.972 123.080 106.829 100.924 125.900 126.703 110.539 121.946 135.486 135.059 112.704 129.669 102.328 101.655 101.444 101.354 101.076 100.847 100.465 103.017 104.016 103.361 108.966 101.186 104.850 102.304 100.310 108.601 105.585 103.501 106.245 106.105 103.077 103.762 102.687 111.821 101.831 105.840 102.317 101.286 108.177 108.762 104.760 109.652 110.296 102.994 103.557 102.408 112.164 101.979 105.783 102.303 101.534 108.736 109.170 104.630 110.033 111.118 103.027 103.505 102.267 112.779 102.175 105.264 102.089 101.997 104.298 109.999 105.461 110.770 112.071 102.872 103.245 101.896 113.359 102.218 105.126 101.972 102.141 99.944 110.618 106.094 111.434 112.616 102.857 103.165 101.720 114.009 102.329 105.431 102.106 102.227 101.125 111.413 106.837 112.214 113.470 102.702 102.705 101.105 114.728 102.759 105.751 102.342 102.772 102.599 112.084 107.584 113.000 113.924 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 47 48 49 50 51 52 53 54 55 56 57 58 59 60 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 ovem ber 2 0 1 0 Su r v e y of C urrent B u s in e s s D -2 9 Table 3.10.4. Price Indexes for Government Consumption Expenditures and General Government Gross Output [Index numbers, 2005=100] Seasonally adjusted 2008 2009 1 2 3 4 5 6 7 8 9 10 11 114.929 114.166 114.300 114.864 116.365 116.599 116.687 114.776 113.415 113.389 113.555 117.008 103.558 131.375 113.152 112.275 113.956 114.577 115.761 115.971 114.617 112.668 104.368 110.168 114.231 113.798 117.339 114.741 115.857 116.166 114.170 112.943 104.257 111.607 114.138 114.061 117.691 115.376 116.086 116.465 114.026 114.230 104.470 115.704 114.568 114.588 118.792 116.790 117.185 117.720 114.297 116.154 104.508 121.466 115.367 115.447 119.694 117.124 117.638 118.206 114.570 116.297 104.613 120.481 115.903 115.931 120.660 117.282 117.954 118.551 114.731 116.206 104.644 119.335 116.160 116.194 121.263 12 13 14 15 16 17 18 19 20 21 22 112.078 111.885 111.736 112.188 113.600 113.869 113.986 112.053 112.645 114.018 107.855 111.266 102.645 128.795 109.969 110.741 110.289 111.868 113.596 115.446 107.180 109.738 103.126 109.129 110.696 112.407 109.878 111.728 112.997 114.754 106.904 110.133 103.045 111.468 110.887 112.524 110.405 112.185 113.332 115.157 107.006 110.731 103.238 113.946 111.291 112.968 111.319 113.588 115.099 117.357 107.287 111.697 103.372 115.288 112.327 114.090 111.918 113.859 115.007 117.193 107.446 112.403 103.412 116.194 113.102 114.505 112.339 113.978 115.142 117.379 107.405 112.504 103.430 116.099 113.244 114.523 112.740 23 24 25 26 27 28 29 30 31 32 33 113.091 112.240 112.059 112.522 114.191 114.555 114.698 113.073 114.095 115.789 109.014 111.818 103.451 143.222 109.996 111.725 110.944 112.245 114.539 116.620 108.333 109.596 104.108 108.848 110.471 113.007 112.930 112.067 113.817 115.692 108.215 110.009 104.040 112.911 110.610 113.254 112.910 112.529 114.114 116.070 108.275 110.648 104.190 117.608 110.941 113.774 113.057 114.190 116.277 118.835 108.656 111.740 104.332 119.932 112.103 114.943 113.773 114.560 116.312 118.794 108.915 112.488 104.405 122.540 112.807 115.938 114.758 114.702 116.447 119.013 108.802 112.639 104.420 122.669 112.986 115.603 115.144 34 35 36 37 38 39 40 41 4? 43 44 45 46 110.000 111.156 111.067 111.496 112.389 112.466 112.531 109.996 110.009 111.099 104.797 109.982 93.580 111.107 111.879 113.511 104.141 110.051 91.976 111.038 111.504 113.203 103.450 110.398 91.760 111.486 111.909 113.650 103.660 110.900 92.457 112.374 112.944 114.904 103.678 111.590 92.492 112.452 112.625 114.539 103.574 112.205 92.186 112.526 112.759 114.670 103.720 112.202 92.242 113.402 109.912 109.973 109.709 108.247 111.208 111.925 107.579 108.885 111.515 111.948 108.402 109.100 112.077 112.337 109.737 109.588 112.842 113.422 110.268 109.027 113.771 113.390 110.406 108.753 113.832 113.680 110.809 47 48 49 50 51 52 53 54 55 56 57 58 59 60 116.766 115.608 115.943 116.587 118.148 118.356 118.422 116.192 113.750 113.146 118.293 120.897 105.153 131.934 115.876 112.616 114.049 120.466 110.826 114.408 115.985 116.733 116.191 120.830 114.456 106.608 110.366 117.287 114.105 117.532 127.700 114.002 115.991 116.322 117.154 116.754 120.238 114.637 106.437 111.566 116.918 114.401 117.876 128.877 114.359 115.805 117.058 117.334 117.009 119.885 116.457 106.690 116.062 117.372 114.949 118.981 130.434 115.556 116.507 118.477 118.111 117.861 120.146 119.115 106.535 122.903 117.938 115.741 119.891 132.063 116.302 117.206 118.847 118.828 118.628 120.517 118.817 106.770 121.446 118.237 116.244 120.873 134.185 117.086 117.769 119.029 119.233 119.043 120.854 118.570 106.829 120.026 118.609 116.571 121.482 135.434 117.666 118.030 Line 2009 III 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 toother sectors................................................................................. Nondefense consumption expenditures 1.................................................................................... Gross output of general government........................................................................ Value added.................................................................................................... Compensation of general government employees................................................. Consumption of general government fixed capital2............................................... Intermediate goods and services purchased 3......................................................... Durable goods.............................................................................................. Nondurable goods......................................................................................... Commodity Credit Corporation inventory change............................................... Other nondurable go od s.............................................................................. Services...................................................................................................... Less: Own-account investment4 ............................................................................. Sales to other sectors................................................................................. State and local consumption expenditures 1....................................................................................... Gross output of general government........................................................................ Value added.................................................................................................... Compensation of general government employees................................................. Consumption of general government fixed 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 s a le s........................................................................................... 2010 IV I II III 1. Government consumption expenditures are sen/ices (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account 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 a t io n a l D a t a D -3 0 N ovem ber 2010 Table 3.10.5. Government Consumption Expenditures and General Government Gross Output [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2009 2,382.8 2,411.5 2,425.3 2,434.0 2,464.7 2,485.2 2,503.5 2,767.8 1,697.6 1,436.9 260.7 1,070.2 70.5 291.9 707.8 28.6 356.4 2,819.0 1,760.2 1,487.9 272.3 1,058.8 73.9 249.9 735.0 29.1 378.4 2,835.7 1,763.6 1,491.3 272.3 1,072.1 77.0 254.3 740.7 29.4 381.1 2,850.0 1,770.3 1,496.4 274.0 1,079.7 74.9 260.0 744.7 28.5 387.5 2,885.4 1,789.4 1,512.9 276.5 1,096.0 73.4 272.8 749.8 27.8 392.9 2,913.6 1,803.7 1,524.5 279.3 1,109.9 75.0 272.9 762.0 28.3 400.2 2,937.5 1,801.8 1,519.7 282.1 1,135.6 77.2 274.6 783.8 28.8 405.1 III 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................................................................................. 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 go od s.............................................................................. Services...................................................................................................... Less: Own-account investment4 ............................................................................. Sales to other sectors................................................................................. State and local consumption expenditures 1........................................................................................ Gross output of general government........................................................................ Value added.................................................................................................... Compensation of general government employees................................................. Consumption of general government fixed 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 s a le s........................................................................................... 1 2 3 4 b 6 7 8 9 10 11 12 13 14 15 16 1/ 18 19 20 21 22 23 24 2b 26 2/ 28 2010 2008 IV I II III 934.6 987.1 999.7 1,001.8 1,017.3 1,038.5 1,061.5 948.6 517.1 403.8 113.2 431.5 45.9 53.1 332.5 5.2 8.8 1,002.0 551.7 434.0 117.7 450.3 48.8 50.1 351.4 5.5 9.4 1,014.9 553.1 435.1 118.0 461.7 52.0 52.4 357.4 5.5 9.6 1,017.0 558.6 439.3 119.3 458.5 49.9 50.4 358.2 5.5 9.7 1,033.0 572.7 452.1 120.6 460.3 48.5 51.0 360.8 5.6 10.1 1,055.7 580.6 458.5 122.1 475.1 49.9 53.5 371.7 5.8 11.5 1,079.5 580.0 456.5 123.5 499.5 52.1 57.2 390.2 5.9 12.0 635.7 664.1 676.9 673.5 684.0 695.2 711.2 641.6 337.4 254.5 82.9 304.2 682.9 361.0 274.5 86.6 321.9 28.2 245.3 2.4 3.7 679.5 365.4 278.0 87.5 314.0 46.3 24.2 243.5 2.4 3.6 690.1 374.5 285.9 88.6 315.6 44.8 24.6 246.2 2.5 3.7 701.3 376.6 286.7 89.8 324.8 46.1 26.0 252.7 2.5 3.7 717.6 378.9 288.0 90.9 338.7 48.0 27.3 263.4 2.6 3.7 29 42.8 30 31 32 33 30.5 231.0 2.2 3.7 670.1 359.4 273.3 86.2 310.7 45.3 24.2 241.1 2.4 3.6 34 3b 36 37 38 39 40 41 42 43 44 45 46 299.0 323.0 322.8 328.3 333.3 343.3 350.3 307.0 179.7 149.3 30.4 127.3 3.2 22.7 -0.3 23.0 101.5 3.0 5.1 331.9 192.2 160.7 31.5 139.6 3.5 25.8 -0.3 26.1 110.3 3.1 5.7 331.9 192.1 160.6 31.5 139.8 3.5 24.1 -1.5 25.7 112.1 3.2 5.9 337.6 193.1 161.4 31.8 144.4 3.6 26.1 0.1 26.1 114.7 3.1 6.2 342.9 198.2 166.2 32.0 144.8 3.7 26.5 -0.4 26.9 114.6 3.1 6.4 354.4 204.0 171.8 32.3 150.3 3.8 27.6 -0.3 27.8 118.9 3.2 7.8 361.9 201.1 168.5 32.6 160.8 4.0 29.9 0.0 29.9 126.9 3.3 8.3 1,448.2 1,424.4 1,425.6 1,432.2 1,447.4 1,446.7 1,442.0 1,819.2 1,180.5 1,033.1 147.5 638.7 24.6 238.8 375.3 23.4 347.6 76.3 155.8 115.6 1,817.0 1,208.5 1,053.9 154.6 608.5 25.1 199.8 383.6 23.6 369.0 81.8 165.4 121.8 1,820.9 1,210.5 1,056.2 154.3 610.4 25.1 202.0 383.3 23.8 371.5 82.5 166.5 122.5 1,833.0 1,211.7 1,057.1 154.7 621.3 25.0 209.7 386.6 23.0 377.8 84.1 169.3 124.3 1,852.4 1,216.7 1,060.9 155.8 635.7 24.9 221.8 389.0 22.1 382.8 85.7 171.5 125.7 1,857.9 1,223.1 1,065.9 157.2 634.8 25.1 219.4 390.3 22.5 388.7 87.7 173.8 127.2 1,858.0 1,221.8 1,063.2 158.6 636.1 25.2 217.4 393.6 22.9 393.1 89.1 175.9 128.0 47 48 49 50 b1 b2 53 54 55 56 57 58 59 60 48.4 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 ovem ber 2 0 1 0 Su r v e y of C urrent B u s in e s s D -3 1 Table 3.10.6. Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 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 toother 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................................................................................. 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 go od s.............................................................................. Services..................................................................................................... Less: Own-account investment4............................................................................. Sales to other sectors................................................................................. State and local consumption expenditures 1....................................................................................... Gross output of general government........................................................................ Value added.................................................................................................... Compensation of general government employees................................................. Consumption of general government fixed 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 sa le s........................................................................................... Residual...................................................................................................................... 2010 IV I II III 1 2 3 4 5 6 7 8 9 10 11 2,073.3 2,112.3 2,121.9 2,119.1 2,118.1 2,131.4 2,145.6 2,411.5 1,496.8 1,267.2 229.6 914.7 68.1 222.2 625.5 25.5 312.8 2,460.4 1,520.5 1,283.0 237.5 939.8 70.8 226.8 643.5 25.6 322.5 2,471.5 1,522.2 1,283.8 238.5 949.3 73.9 227.9 649.0 25.7 323.8 2,470.3 1,525.0 1,284.8 240.2 945.3 71.7 224.7 650.0 24.8 326.3 2,470.7 1,527.0 1,285.2 241.9 943.7 70.3 224.6 649.9 24.0 328.3 2,487.7 1,533.3 1,289.7 243.7 954.5 71.7 226.5 657.4 24.4 331.7 2,504.7 1,527.6 1,281.9 245.9 977.4 73.8 230.1 674.8 24.8 334.1 12 13 14 15 16 17 18 19 20 21 22 833.9 882.3 894.7 893.0 895.5 912.0 931.3 846.6 459.0 354.2 105.0 387.8 44.8 41.2 302.3 4.7 7.9 895.7 485.6 375.9 109.8 410.3 47.3 45.9 317.5 4.9 8.5 908.3 489.5 379.1 110.4 419.3 50.4 47.0 322.3 4.9 8.7 906.6 492.8 381.5 111.5 414.1 48.4 44.2 321.8 4.9 8.7 909.4 497.5 385.2 112.4 412.2 46.9 44.2 321.2 4.9 9.0 927.2 504.8 391.2 113.6 422.7 48.3 46.1 328.6 5.0 10.2 947.1 503.7 388.9 115.0 444.0 50.3 49.3 344.6 5.2 10.7 23 24 25 26 27 28 29 30 31 32 33 562.1 591.7 604.0 598.5 598.9 606.8 620.1 567.4 295.7 219.8 76.0 272.0 41.3 21.3 210.0 2.0 3.3 597.0 313.8 234.3 79.6 283.5 43.5 22.3 218.3 2.1 3.2 609.4 317.2 237.2 80.0 292.7 46.5 25.0 221.7 2.1 3.2 603.8 320.2 239.4 80.8 283.8 44.5 20.6 219.4 2.1 3.2 604.3 322.1 240.6 81.6 282.4 42.9 20.5 219.6 2.2 3.2 612.2 323.7 241.3 82.5 288.8 44.2 21.2 224.0 2.2 3.2 625.6 325.3 241.9 83.5 300.7 46.0 22.3 233.1 2.3 3.2 34 35 36 37 38 39 40 41 42 43 44 45 46 271.8 290.6 290.7 294.5 296.6 305.3 311.3 279.1 163.4 134.4 29.0 115.8 3.4 20.1 -0.2 20.3 92.3 2.7 4.6 298.7 171.8 141.6 30.3 126.9 3.8 23.9 -0.2 24.1 99.2 2.8 5.3 298.9 172.3 141.9 30.4 126.7 3.9 22.4 -1.2 23.6 100.6 2.8 5.5 302.8 172.6 142.0 30.7 130.2 3.9 24.0 0.1 23.9 102.3 2.8 5.6 305.2 175.5 144.6 30.9 129.7 4.0 24.2 -0.3 24.5 101.6 2.8 5.8 315.1 181.2 150.0 31.1 134.0 4.1 25.3 -0.2 25.5 104.6 2.9 7.1 321.7 178.4 147.0 31.4 143.3 4.4 27.5 0.1 27.4 111.4 2.9 7.5 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 1,240.2 1,232.1 1,229.5 1,228.4 1,225.1 1,222.3 1,217.7 1,565.7 1,037.8 913.0 124.7 528.3 23.3 181.0 323.9 20.8 304.8 63.3 140.6 101.0 -1.9 1,566.6 1,035.3 907.1 127.9 531.7 23.6 181.0 327.1 20.7 314.0 64.1 145.1 105.0 -2.9 1,565.4 1,033.2 904.6 128.3 532.5 23.6 181.0 327.9 20.8 315.2 64.0 145.6 105.8 -3.3 1,565.9 1,032.7 903.4 129.0 533.5 23.4 180.6 329.4 20.0 317.6 64.5 146.6 106.7 -2.8 1,563.5 1,030.1 900.1 129.7 533.7 23.4 180.4 329.8 19.1 319.3 64.9 147.4 107.2 -3.2 1,563.3 1,029.3 898.5 130.4 534.3 23.5 180.7 330.1 19.4 321.6 65.3 148.5 108.0 -3.5 1,560.9 1,024.7 893.1 131.2 536.5 23.6 181.1 331.9 19.6 323.6 65.8 149.5 108.5 -4.5 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software in table 3.9.5. Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 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 -3 2 N ovem ber 2010 N a t io n a l D a t a 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 2008 2009 III National defense consumption expenditures and gross investment...................................... Consumption expenditures 1................................................................................................................... Gross output of general government................................................................................ Value added........................................................................................................... Compensation of general government employees........................................................ Military........................................................................................................... Civilian........................................................................................................... Consumption of general government fixed capital2..................................................... Intermediate goods and services purchased 3............................................................... Durable goods..................................................................................................... Aircraft............................................................................................................ Missiles.......................................................................................................... Sh ip s............................................................................................................. Vehicles.......................................................................................................... Electronics...................................................................................................... Other durable go od s.......................................................................................... Nondurable g o o d s , Petroleum products........................................................................................... Ammunition........ Other nondurable go o d s.................................................................................... 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............ M issiles.......... Sh ip s.............. Vehicles.......... Electronics and software........................................................................................... Other equipment 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 2010 2009 IV I II III 7.5 6.5 5.4 5.3 9.0 7.9 -2.5 -3.6 0.4 0.3 7.4 5.4 8.5 9.0 6.5 4.0 3.9 4.5 2.6 4.3 9.5 17.4 12.3 2.7 -31.6 29.9 38.4 16.0 1.9 -1.5 2.4 8.0 9.1 3.6 10.6 14.2 19.4 -16.6 -20.0 4.6 13.2 5.2 6.1 6.6 7.7 4.2 4.6 4.2 5.3 16.3 -1.1 -12.3 11.1 2.1 -2.0 4.8 1.4 -5.6 15.5 3.9 -2.1 9.5 8.4 8.0 -31.4 8.2 4.1 -3.7 8.0 7.0 7.9 7.5 8.8 4.3 9.1 30.6 22.8 108.6 17.2 35.4 30.7 13.7 48.0 103.2 -13.7 30.6 1.9 -5.8 -1.9 14.3 5.4 -1.0 -5.9 7.5 13.7 -3.6 3.9 3.8 -0.3 13.7 4.0 -11.5 -16.5 32.6 -49.8 -76.9 4.9 -38.5 -26.0 -54.0 -63.1 15.1 -59.5 -4.1 -7.6 -9.6 -16.6 -0.2 140.7 -4.4 4.2 -8.5 0.3 2.3 1.9 1.9 1.7 3.8 -2.0 -13.2 -49.2 -15.1 206.6 2.1 31.5 5.3 -2.4 -25.5 3.9 30.9 0.3 -0.2 -7.7 -20.9 14.9 34.7 -30.3 3.8 5.6 5.3 2.1 1.3 0.0 4.2 4.6 9.3 12.0 32.4 40.6 20.6 7.2 -10.3 3.9 14.7 43.6 4.4 -8.9 8.3 -1.1 -1.3 29.7 19.1 -18.8 -28.7 4.3 -3.0 9.0 2.0 1.0 -1.7 7.3 5.2 17.6 17.7 29.5 22.7 32.9 -40.8 6.8 40.9 21.9 77.3 -42.9 0.9 17.2 0.9 17.8 30.5 24.9 28.6 -14.9 18.9 4.4 14.4 6.0 15.6 4.5 0.7 20.4 5.1 9.3 15.1 1.7 -7.3 -0.5 47.2 25.2 18.0 40.1 1.7 5.8 23.2 6.8 -4.4 1.6 -2.7 184.0 -0.6 -52.4 65.3 -5.3 17.1 20.0 9.5 11.3 3.3 126.6 -23.4 53.9 -17.5 -19.4 -18.2 3.5 0.2 -15.7 11.5 -47.7 34.5 21.6 10.0 0.5 24.5 120.8 44.8 15.0 6.1 -2.9 13.1 23.1 2.1 0.3 -35.3 29.0 -11.4 8.7 2.9 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 ovem ber 201 0 Su r v e y of C urrent B u s in e s s D -3 3 Table 3.11.3. Real National Defense Consumption Expenditures Table 3.11.4. Price Indexes for National Defense Consumption and Gross Investment by Type, Quantity Indexes [Index numbers, 2005=100] Expenditures and Gross Investment by Type [Index numbers, 2005=100] Seasonally adjusted Line 2008 2009 2009 III National defense consumption expenditures and gross investment Consumption expenditures 1 Gross output of general government........................ Value added....................... Compensation of general government employees .... Military........................ Civilian........................ Consumption of general government fixed capital2 Intermediate goods and services purchased 3 ........ Durable g o od s................. Aircraft........................ Missiles S h ip s.. Vehicles...................... Electronics................... Other durable goods...... Nondurable go ods............ Petroleum products....... Ammunition................. Other nondurable goods... Services........................ Research and development............. Installation support........ Weapons support.......... Personnel support......... Transportation of material Travel of persons........... Less: Own-account investment4 Sales to other sectors Gross investment5......................... Structures ........................ Equipment and software........... Aircraft...... Missiles Ships Vehicles.... Electronics and software....... Other equipment.................. 1 2 Seasonally adjusted Line 2010 IV I II 111.653 117.648 120.237 119.477 119.582 121.732 124.229 109.175 114.933 117.326 116.251 116.337 117.866 120.441 115.371 139.876 116.217 135.149 54.445 266.541 198.355 131.720 101.779 98.347 94.160 113.385 113.289 120.216 147.306 135.139 133.693 47.740 296.029 202.500 129.075 106.644 99.720 88.927 130.970 117.746 124.108 157.469 138.061 154.189 54.240 336.485 221.823 134.597 119.804 117.226 89.098 146.072 119.616 120.374 150.507 148.151 129.759 37.609 340.549 196.459 124.853 98.654 91.352 92.286 116.545 118.386 119.776 145.280 125.051 124.544 49.768 342.355 210.397 126.483 98.052 84.860 93.172 124.664 118.479 122.459 149.444 134.133 135.624 52.155 348.363 204.758 127.691 101.469 92.900 94.190 121.780 120.851 127.535 155.645 143.091 142.751 56.001 305.595 208.140 139.111 106.610 107.196 81.892 122.068 125.745 22 23 24 25 26 27 28 29 101.906 106.866 117.490 131.688 120.375 74.872 97.563 100.585 99.777 117.020 127.339 142.232 82.626 80.983 101.581 96.885 100.718 118.565 133.669 144.557 76.578 80.970 102.786 98.111 98.746 115.610 127.720 144.471 95.384 80.071 103.857 95.950 98.688 113.308 120.456 149.579 102.749 73.155 104.833 97.261 98.426 112.926 128.536 156.245 97.532 67.224 105.949 96.532 98.641 117.649 137.382 165.173 103.871 64.574 110.634 97.575 30 31 32 33 34 35 36 37 38 129.524 137.252 141.271 142.838 143.089 149.875 151.767 Gross investment5......................... 5 101.892 108.625 109.966 111.002 111.519 111.875 112.158 6 101.205 109.008 110.675 110.588 111.123 111.126 110.640 7 103.352 107.664 108.286 111.812 112.288 113.438 115.451 8 110.697 115.830 116.472 117.632 118.742 120.080 121.622 201.764 133.577 94.516 132.107 95.380 228.171 177.955 135.037 207.231 134.652 115.958 123.591 106.242 217.488 168.639 128.431 209.013 134.711 111.097 127.003 90.354 234.227 177.072 131.516 209.254 142.306 135.431 139.326 93.562 237.712 175.775 135.636 220.413 143.042 135.517 124.957 99.708 230.630 179.487 136.609 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. National defense consumption expenditures and gross investment Consumption expenditures 1 9 10 11 12 13 14 15 16 17 18 19 20 21 3 109.075 114.767 117.148 116.074 116.171 117.684 120.259 4 103.976 110.345 111.528 112.593 113.245 113.823 114.391 180.681 131.719 104.096 120.268 97.607 218.858 168.658 131.342 2009 2009 III 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 g o o d s ................. Aircraft........................ Missiles Ships.... Vehicles...................... Electronics................... Other durable goods...... Nondurable g o o d s ............ Petroleum products........ Ammunition.................. Other nondurable goods... Services......................... Research and development............. Installation support........ Weapons support.......... Personnel support......... Transportation ot material Travel of persons........... Less: Own-account investment4 Sales to other sectors 128.929 129.558 98.404 97.595 91.352 229.040 166.074 134.981 2008 III Structures............................. Equipment and software........... Aircraft.............................. Missiles............................. Ships................................. Vehicles............................. Electronics and software........ Other equipment.................. 1 2 2010 IV I II III 112.109 111.342 111.153 111.590 113.046 113.377 113.489 113.091 112.240 112.059 112.522 114.191 114.555 114.698 3 113.073 112.245 112.067 112.529 114.190 114.560 114.702 4 114.095 114.539 113.817 114.114 116.277 116.312 116.447 5 115.789 116.620 115.692 116.070 118.835 118.794 119.013 6 118.093 118.171 117.030 117.262 120.676 120.688 120.977 7 110.972 113.407 112.942 113.633 115.024 114.869 114.946 8 109.014 108.333 108.215 108.275 108.656 108.915 108.802 9 10 11 12 13 14 15 16 17 18 19 20 21 111.818 103.451 101.701 107.006 107.541 103.600 102.152 104.422 143.222 177.225 119.092 108.649 109.996 109.596 104.108 102.088 107.806 109.288 105.252 101.680 106.197 108.848 102.328 116.982 109.812 110.471 110.009 104.040 101.831 107.814 108.943 105.104 101.634 106.378 112.911 111.231 116.906 110.130 110.610 110.648 104.190 101.799 107.561 110.133 105.403 101.943 106.694 117.608 121.210 117.017 110.443 110.941 111.740 104.332 102.027 107.940 109.416 105.367 102.019 106.805 119.932 125.238 118.822 111.096 112.103 112.488 104.405 102.085 108.322 109.404 104.777 102.138 106.980 122.540 130.656 119.998 111.274 112.807 112.639 104.420 102.199 108.141 109.649 104.641 101.873 107.279 122.669 130.694 120.059 111.539 112.986 22 23 24 25 26 27 28 29 110.733 110.839 107.264 108.307 115.010 118.531 111.725 110.944 111.874 110.061 109.069 109.909 104.111 115.328 113.007 112.930 111.801 110.598 109.100 110.050 103.842 116.287 113.254 112.910 112.227 110.809 109.047 110.190 106.694 118.728 113.774 113.057 113.382 113.190 110.187 110.665 108.981 119.669 114.943 113.773 113.841 114.044 110.461 110.952 113.903 124.340 115.938 114.758 114.128 113.333 111.054 111.236 115.125 124.450 115.603 115.144 30 31 32 33 34 35 36 37 38 105.781 105.507 105.274 105.559 105.807 105.950 105.893 117.998 104.450 102.945 104.457 123.044 104.756 96.019 103.773 118.453 104.073 103.497 105.308 116.338 107.256 94,084 104.993 117.393 103.952 103.391 105.635 116.257 106.773 93.730 105.070 117.325 104.297 103.166 106.131 118.375 106.970 93.711 105.388 117.171 104.616 103.500 106.658 120.550 106.870 93.607 105.491 116.575 104.885 103.990 107.318 122.650 106.130 93.380 105.686 116.873 104.768 104.077 107.047 121.839 105.445 92.964 106.071 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. D -3 4 N ovem ber 2010 N a tio n a l D a t a Table 3.11.5. National Defense Consumption Expenditures Table 3.11.6. Real National Defense Consumption Expenditures and Gross Investment by Type [Billions of dollars] and Gross Investment by Type, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 III National defense consumption expenditures and gross investment....... Consumption expenditures 1 ....... Gross output of general government........................ Value a dded....................... Compensation of general government employees.... Military........................ Civilian........................ Consumption of general government fixed capital2 Intermediate goods and services purchased 3 ........ Durable g o o d s................. Aircraft........................ M issiles...................... S h ip s.......................... Vehicles...................... Electronics................... Other durable goods...... Nondurable go od s............ 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.............................. S h ip s................................ Vehicles............................. Electronics and software....... Other equipment.................. Seasonally adjusted at annual rates 2010 2009 IV I II Line 2 771.6 664.1 787.3 676.9 785.4 673.5 796.3 684.0 813.0 695.2 830.5 711.2 3 4 641.6 337.4 670.1 359.4 682.9 361.0 679.5 365.4 690.1 374.5 701.3 376.6 717.6 378.9 5 6 7 254.5 175.7 78.7 273.3 189.4 83.8 274.5 190.5 84.0 278.0 190.7 87.2 285.9 197.2 88.7 286.7 197.2 89.5 288.0 196.9 91.1 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 g o o d s................. Aircraft........................ Missiles....................... Ships.......................... Vehicles...................... Electronics................... Other durable goods...... Nondurable g o o d s............ 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..... 82.9 86.2 86.6 87.5 88.6 89.8 90.9 9 10 11 12 13 14 15 16 17 18 19 20 21 304.2 42.8 12.7 4.7 0.8 3.1 10.9 10.5 30.5 17.6 4.5 8.4 231.0 310.7 45.3 14.8 4.7 0.7 3.5 11.1 10.5 24.2 10.3 4.1 9.8 241.1 321.9 48.4 15.1 5.4 0.8 4.0 12.1 11.0 28.2 13.1 4.1 11.0 245.3 314.0 46.3 16.2 4.6 0.6 4.0 10.8 10.2 24.2 11.1 4.3 8.8 243.5 315.6 44.8 13.7 4.4 0.8 4.1 11.5 10.4 24.6 10.7 4.4 9.5 246.2 324.8 46.1 14.7 4.8 0.8 4.1 11.2 10.5 26.0 12.2 4.5 9.3 252.7 338.7 48.0 15.7 5.0 0.8 3.6 11.4 11.4 27.3 14.1 3.9 9.3 263.4 22 23 24 2b 26 27 28 29 60.9 41.8 30.7 79.6 10.7 7.3 2.2 3.7 60.2 45.5 33.8 87.3 6.6 7.7 2.4 3.6 60.7 46.3 35.5 88.8 6.1 7.7 2.4 3.7 59.8 45.3 33.9 88.9 7.8 7.8 2.4 3.6 60.4 45.3 32.4 92.4 8.6 7.2 2.5 3.7 60.4 45.5 34.6 96.8 8.5 6.8 2.5 3.7 60.7 47.1 37.2 102.6 9.2 6.6 2.6 3.7 30 31 32 33 34 35 36 37 38 101.7 107.5 110.4 111.9 112.4 117.9 119.3 Gross investment5......................... 11.3 90.3 13.7 4.1 11.0 9.3 20.2 32.1 15.9 91.5 14.6 5.1 11.1 9.1 20.1 31.6 17.7 92.7 13.2 5.6 10.9 9.4 21.1 32.5 18.1 93.8 16.2 5.3 12.3 9.0 20.0 31.0 18.2 99.7 19.0 6.0 11.3 9.8 20.8 32.8 19.2 100.1 19.1 5.4 11.9 9.4 21.1 33.2 Structures............................. Equipment and software........... Aircraft.............................. Missiles............................. Ships................................. Vehicles............................. Electronics and software........ Other equipment.................. 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. National defense consumption expenditures and gross investment........ Consumption expenditures 1........ 2010 2009 III 8 18.3 94.1 15.6 5.4 10.7 9.7 21.0 ' 31.8 2009 III 737.3 635.7 1 2008 IV I II III 2 657.7 562.1 693.0 591.7 708.3 604.0 703.8 598.5 704.4 598.9 717.1 606.8 731.8 620.1 3 4 567.4 295.7 597.0 313.8 609.4 317.2 603.8 320.2 604.3 322.1 612.2 323.7 625.6 325.3 5 6 7 219.8 148.8 71.0 234.3 160.3 73.9 237.2 162.7 74.4 239.4 162.6 76.8 240.6 163.4 77.1 241.3 163.4 77.9 241.9 162.7 79.3 1 8 76.0 79.6 80.0 80.8 81.6 82.5 83.5 9 10 11 12 13 14 15 16 17 18 19 20 21 272.0 41.3 12.5 4.4 0.8 3.0 10.7 10.1 21.3 9.9 3.7 7.7 210.0 283.5 43.5 14.5 4.4 0.7 3.3 10.9 9.9 22.3 10.1 3.5 8.9 218.3 292.7 46.5 14.8 5.0 0.7 3.8 11.9 10.3 25.0 11.8 3.5 10.0 221.7 283.8 44.5 15.9 4.2 0.5 3.8 10.6 9.6 20.6 9.2 3.7 8.0 219.4 282.4 42.9 13.4 4.1 0.7 3.8 11.3 9.7 20.5 8.6 3.7 8.5 219.6 288.8 44.2 14.4 4.4 0.7 3.9 11.0 9.8 21.2 9.4 3.7 8.3 224.0 300.7 46.0 15.4 4.7 0.8 3.4 11.2 10.7 22.3 10.8 3.3 8.3 233.1 22 23 24 25 26 27 28 29 55.0 37.8 28.6 73.5 9.3 6.1 2.0 3.3 53.8 41.3 31.0 79.4 6.4 6.6 2.1 3.2 54.3 41.9 32.6 80.7 5.9 6.6 2.1 3.2 53.3 40.8 31.1 80.7 7.3 6.6 2.1 3.2 53.2 40.0 29.4 83.5 7.9 6.0 2.2 3.2 53.1 39.9 31.3 87.2 7.5 5.5 2.2 3.2 53.2 41.6 33.5 92.2 8.0 5.3 2.3 3.2 30 31 32 33 34 35 36 37 38 39 96.1 101.9 104.8 106.0 106.2 111.2 112.6 9.6 86.5 13.3 3.9 9.0 8.9 21.0 30.9 -2.5 13.5 87.9 14.1 4.8 9.6 8.5 21.3 30.1 -2.1 15.0 89.2 12.8 5.3 9.4 8.8 22.5 30.9 -2.0 15.4 89.9 15.7 5.0 10.4 8.4 21.3 29.4 -2.0 15.6 89.9 15.0 5.1 8.9 9.1 22.4 30.1 -2.3 15.6 95.0 18.3 5.6 9.2 9.2 22.2 31.1 -2.6 16.4 95.5 18.3 5.0 9.8 8.9 22.7 31.3 -3.0 1. National defense consumption expenditures are defense services produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account investment (construction and software). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures and in software. 5. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 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. N ovem ber 201 0 Su r v e y of C urrent D -3 5 B u s in e s s 4. Foreign Transactions Table 4.1. Foreign Transactions in the National Income and Product Accounts [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III 1 Current receipts from the rest of the world.................................................................................. 2,208.2 2,209.5 2,354.6 2,451.5 2,514.0 2,682.6 Exports of 2goods1,843.4 and services................................................................................................................ 1,578.4 1,582.1 1,689.9 1,757.8 1,817.9 1,842.1 Goods 1.................................................................................................................... Durable................................................................................................................. Nondurable............................................................................................................ Services 1................................................................................................................ Income receipts Wage and salary receipts............................................................................................. Income receipts on a sse ts............................................................................................ ........... Interest............... ...................... .................... Dividends........... Reinvested earnings on U.S. direct investment abroad.................................................... Current payments to the rest of the world.................................................................................... Imports of goods and services Goods 1........................... Durable........................ Nondurable................... Services 1................................................................................................................ Income payments........ Wage and salary payments........................................................................................... Income payments on a sse ts......................................................................................... 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).................................................................................................... 3 4 5 6 7 8 q m 11 1? 13 14 15 16 17 18 19 20 21 ?? ?3 ?4 25 26 27 28 Balance on current account, NIPAs............................................................................................... Addenda: Net lending or net borrowing (-), N IPA s........................................................................... Balance on current account, NIPAs.............................................................................. Less: Capital account transactions (net)2..................................................................... 30 31 32 1,295.1 828.2 466.9 548.3 1,063.1 671.0 392.1 515.3 1,068.6 671.4 397.2 513.6 1,157.6 728.0 429.6 532.3 1,213.0 758.4 454.6 544.8 1,262.8 802.9 459.9 555.1 1,274.9 807.2 467.7 567.1 839.2 629.8 627.4 664.7 693.7 696.1 3.0 836.2 264.4 299.3 272.4 2.9 626.9 146 3 206.8 273.8 2.9 624.5 136.6 213.0 274.8 3.0 661.7 132.6 192.2 336.8 3.0 690.7 129.3 195.8 365.6 3.1 693.0 135.5 ???fi 334.7 3,353.0 2,553.8 2,587.9 1,964.7 2,599.6 1,990.5 2,755.2 2,116.3 2,896.5 2,237.6 3,006.4 2,357.1 2,403.5 2,148.8 1,158.7 990.1 405.0 1,587.8 890.1 697.7 376.9 1,613.8 899.8 714.1 376.6 1,731.8 968.4 763.4 384.5 1,843.5 1,015.5 827.9 394.1 1,957.2 1,114.6 842.6 400.0 1,992.5 1,148.1 844.5 411.0 664.7 483.6 460.1 499.1 502.6 500.8 10.4 654.3 493.8 113.2 47.3 10.8 472.8 344 5 99.5 28 8 10.7 449.5 325.9 80.8 42.8 10.8 488.3 321.8 79.8 86.7 11.2 491.3 318.4 96.6 76.3 11.5 489.3 323.2 86.0 80.2 134.5 139.5 149.0 139.7 156.3 148.5 149.2 64.6 38.4 31.5 66.5 50.2 22.9 66.3 61.1 21.7 69.5 45.3 24.9 70.7 60.6 25.0 72.2 51.9 24.4 71.6 53.2 24.5 -670.4 -379.7 -390.1 -400.6 -445.0 -492.5 -665.0 -670.4 -5.4 -380.3 -379.7 0.6 -390.7 -390.1 0.6 -401.3 -400.6 0.7 -445.4 -445.0 0.4 -493.0 -492.5 0.5 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassi fied from goods to services. 2. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets. Prior to 1982, reflects only capital grants paid to the U.S. territories and the Commonwealths of Puerto Rico and Northern Mariana Islands. D -3 6 N a tio n a l D a t a N ovem ber 2010 Table 4.2.1. Percent Change From Preceding Period in Real Exports and in Table 4.2.2. Contributions to Percent Change in Real Exports and in Real Imports of Goods and Services by Type of Product [Percent] Real Imports of Goods and Services by Type of Product Seasonally adjusted at annual rates Line 2008 2009 2009 III Exports of go od s and se rvices......................... Exports of g o o d s 1.................... Foods, feeds, and beverages...... Industrial supplies and materials Durable g o o d s.................... Nondurable g o o d s................ Capital goods, except automotive Civilian aircraft, engines, and parts.............................. Computers, peripherals, and parts.............................. Other................................ Automotive vehicles, engines, and parts................................. Consumer goods, except automotive......................... Durable g o o d s.................... Nondurable go o d s............... Other................................... Seasonally adjusted at annual rates 2010 IV I II .ine 2 3 4 5 6 7 6.0 6.3 -9.5 -12.0 12.2 18.7 24.4 31.7 11.4 14.0 9.1 11.5 5.0 3.4 6.8 10.9 10.5 11.1 6.2 -4.6 -6.8 -13.3 -3.5 -14.7 -3.2 33.5 28.6 35.9 6.1 69.6 11.9 18.6 8.8 28.7 -0.9 19.2 12.8 22.4 15.1 -32.2 17.3 38.0 8.5 19.1 16.2 -3.3 -9.5 -0.2 10.7 8 -3.3 -3.7 -9.9 23.4 -31.1 -7.3 30.0 9 10 5.2 8.7 -7.8 -18.0 21.8 8.8 25.9 30.5 23.1 29.2 21.3 25.4 14.5 6.5 1 11 -1.1 -33.1 155.1 70.6 35.9 19.5 -5.4 12 13 14 15 8.2 7.5 9.1 -8.6 -7.2 -16.8 5.2 ^t.O 10.1 29.4 -6.7 -24.2 23.9 24.8 22.9 92.5 11.0 13.7 8.3 -17.5 -4.6 23.2 -28.0 53.9 6.2 3.7 9.2 -11.8 16 5.3 -3.9 0.1 10.2 5.8 3.9 8.6 17 18 19 20 21 22 23 -17.4 8.6 10.7 0.2 7.7 4.4 13.4 16.1 -10.9 -3.9 -14.6 -4.3 0.4 -7.1 109.8 -2.0 1.2 12.5 -17.3 1.3 -11.8 -80.4 7.6 -22.1 20.9 69.5 9.8 -4.0 78.4 19.5 -9.3 10.4 -5.8 2.2 25.1 21.6 0.3 -5.3 8.0 9.0 3.7 -8.1 -8.2 22.7 32.1 -1.0 6.6 4.0 12.5 Imports of g o o d s and se rv ice s........................ 24 -2.6 -3.5 -13.8 -15.8 21.9 27.4 4.9 6.2 11.2 12.0 33.5 40.5 17.4 18.1 -1.3 -5.4 -2.4 -2.5 18.0 5.4 0.0 -7.5 -8.6 -6.3 -2.7 1.9 -24.3 -29.9 -18.3 -8.8 -16.8 26.2 4.1 51.2 29.2 20.9 19.9 31.0 10.4 -47.4 32.2 30.1 43.3 18.5 -3.4 15.5 31.5 39.5 23.8 78.6 49.0 4.1 3.5 4.7 41.9 15.5 25 26 27 28 29 30 31 32 -3.0 -18.1 -24.7 14.7 -10.5 -0.3 -14.8 33 34 1.7 2.5 -1.5 -21.4 58.7 15.7 79.2 18.3 8.8 22.2 51.5 54.5 -20.5 37.9 35 -12.1 -32.4 231.3 52.0 12.1 69.9 16.2 36 37 38 39 -1.1 -1.4 -0.7 -9.6 -10.8 -14.1 -6.9 -7.0 6.1 -0.2 13.5 -5.4 19.2 18.8 19.6 4.2 7.7 18.5 -3.2 35.7 25.3 31.3 18.8 -24.2 20.2 20.0 20.4 4.2 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 2.4 -4.2 1.5 -0.5 7.8 4.3 14.1 -5.2 -1.7 -0.3 -7.5 0.2 10.8 -2.7 11.5 -2.1 -13.8 -15.9 -2.0 -3.6 7.2 -12.8 -2.9 39.1 -6.5 -18.8 6.7 -0.6 -16.5 -11.3 -28.1 3.5 36.3 6.0 13.1 9.0 3.0 0.2 33.4 60.9 0.7 -22.0 26.4 -6.4 -6.7 28.9 -17.4 5.8 0.6 24.4 27.4 43.8 16.9 2.0 4.9 5.8 Addenda: Exports of durable g o o d s.......... Exports of nondurable g o o d s..... Exports of agricultural g o o d s 2... Exports of nonagricultural goods Imports of durable goods........... Imports of nondurable goods...... Imports of nonpetroleum goods ... 48 49 50 51 52 53 54 5.3 8.3 6.7 6.3 -3.9 -3.1 -3.7 -17.1 -2.3 -3.2 -12.8 -20.6 -9.4 -17.4 22.3 12.5 -5.4 21.5 33.3 20.4 27.2 33.6 28.3 59.2 29.1 30.7 -18.2 24.3 15.8 11.1 14.6 13.9 19.1 3.7 15.9 23.6 -6.4 -32.4 17.1 43.2 37.1 32.9 3.3 3.6 13.0 2.6 14.7 22.8 13.5 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. 2009 2009 2010 III IV I 12.2 24.4 11.4 II III Percent change at annual rate: Exports of services 1................ Transfers under U.S. military agency sales contracts.......... Travel................................... Passenger fares...................... Other transportation................ Royalties and license fees......... Other private services.............. Other................................... Im ports of g o od s 1.................... Foods, feeds, and beverages...... Industrial supplies and materials, except petroleum and products Durable go od s.................... Nondurable go od s............... 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 g o o d s.................... Nondurable go od s................ Other................................... 2008 III Exports of go o d s and se rv ice s........................ 1 6.0 -9.5 2 3 4 5 6 7 4.41 -8.35 12.06 20.66 9.53 7.91 2.41 0.37 2.13 0.71 1.42 1.59 -0.26 -1.32 -0.89 -0.44 -3.75 -0.08 5.63 1.60 4.03 1.57 3.56 2.50 1.23 1.27 6.71 0.00 3.63 0.82 2.81 3.60 -2.12 3.45 2.23 1.22 4.34 0.81 -0.70 -0.68 -0.02 2.53 8 -0.15 -0.16 -0.48 1.05 -1.56 -0.29 1.04 9 10 0.13 1.60 -0.18 -3.41 0.48 1.56 0.60 5.07 0.51 4.65 0.47 4.16 0.33 1.17 11 -0.08 -2.24 4.87 3.34 1.92 1.14 -0.34 12 13 14 15 0.71 0.37 0.34 -0.32 -0.65 -0.85 0.21 -0.13 0.97 1.29 -0.31 -0.90 2.20 1.17 1.03 2.35 1.03 0.65 0.38 -0.64 -0.40 1.01 -1.41 1.49 0.54 0.18 0.37 -0.43 16 1.59 -1.17 0.12 3.70 1.84 1.21 2.57 17 18 19 20 21 22 23 -0.16 0.50 0.17 0.00 0.39 0.58 0.11 0.12 -0.65 -0.06 -0.35 -0.22 0.06 -0.07 0.94 -0.12 0.02 0.27 -1.07 0.21 -0.12 -1.54 0.46 -0.38 0.46 3.22 1.51 -0.03 0.50 1.05 -0.15 0.23 -0.34 0.32 0.22 0.18 0.02 -0.09 0.17 0.49 0.52 -0.08 -0.08 1.19 0.47 -0.02 0.35 0.55 0.11 24 -2.6 -13.8 21.9 4.9 11.2 33.5 17.4 25 26 -2.98 -13.15 21.54 5.04 9.81 32.50 15.03 -0.05 -0.20 -0.04 -0.10 0.68 0.32 0.04 27 28 29 30 31 -0.96 -0.57 -0.38 -0.45 0.33 -2.88 -1.82 -1.06 -1.39 -3.13 2.41 0.27 2.15 3.80 3.87 1.76 1.28 0.48 -9.57 5.20 2.82 1.88 0.94 -0.53 2.76 3.46 2.10 1.36 10.32 8.49 0.52 0.24 0.29 5.51 3.07 32 -0.04 -0.27 -0.43 0.20 -0.15 0.02 -0.19 33 34 0.07 0.31 -0.06 -2.80 2.37 1.94 2.98 2.02 0.45 2.46 2.45 6.02 -1.14 4.40 35 -1.27 -3.11 10.18 3.83 1.10 5.66 1.59 36 37 38 39 -0.22 -0.15 -0.06 -0.38 -2.17 -1.54 -0.63 -0.27 1.53 0.09 1.44 -0.21 1.69 1.94 -0.26 1.30 5.27 3.39 1.88 -1.01 4.10 2.18 1.92 0.20 40 41 42 43 44 45 46 47 0.37 -0.70 0.40 -0.11 1.40 0.95 2.40 -0.06 -0.05 0.00 -0.17 0.00 0.67 -0.01 0.13 -0.07 -0.18 -0.34 -0.02 -0.26 0.03 -0.21 -0.11 0.47 -0.12 -0.27 0.64 0.00 -0.27 -0.43 -0.42 0.06 0.39 0.48 0.07 0.13 0.10 0.00 0.59 0.64 0.06 -0.13 0.36 -0.20 -0.08 0.60 -0.23 0.50 0.01 0.30 0.81 0.49 0.36 0.03 0.39 0.03 9.1 5.0 Percentage points at annual rates: Exports of g o od s 1.................... Foods, feeds, and beverages...... Industrial supplies and materials Durable g o o d s.................... Nondurable g o o d s............... Capital goods, except automotive Civilian aircraft, engines, and parts............................. Computers, peripherals, and parts............................. Other................................. Automotive vehicles, engines, and parts.................................. Consumer goods, except automotive......................... Durable g o o d s.................... Nondurable g o o d s............... Other.................................... Exports of services 1................. Transfers under U.S. military agency sales contracts.......... Travel.................................... Passenger fares...................... Other transportation................. Royalties and license fee s......... Other private services............... Other.................................... Percent change at annual rate: Imports of go od s and se rv ic e s........................ Percentage points at annual rates: Imports of go o d s 1.................... Foods, feeds, and beverages...... Industrial supplies and materials, except petroleum and products Durable g o o d s.................... Nondurable g o o d s............... 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 g o o d s.................... Nondurable g o o d s................ Other.................................... Imports of services 1................. Direct defense expenditures...... Travel.................................... Passenger fares...................... Other transportation................. Royalties and license fe e s......... Other private services............... Other.................................... 3.76 1.93 1.84 0.15 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. N ovem ber 2010 Su r v e y of C urrent D -3 7 B u s in e s s Table 4.2.3. Real Exports and Imports of Goods and Services Table 4.2.4. Price Indexes for Exports and Imports by Type of Product, Quantity Indexes [Index numbers, 2005=100] of Goods and Services by Type of Product [Index numbers, 2005=100] Seasonally adjusted Line 2008 2009 2009 III Exports of goods and services............................. Exports of goods 1...................... Foods, feeds, and beverages... Industrial supplies and materials.......................... Durable go od s.................. Nondurable go o d s............. Capital goods, except automotive....................... Civilian aircraft, engines, and parts........................... Computers, peripherals, and parts........................... Other............................. Automotive vehicles, engines, and parts........................ Consumer goods, except automotive....................... Durable go od s.................. Nondurable go ods............. Other................................. 1 Seasonally adjusted 2010 IV I II Line 12 13 14 15 132.475 140.481 123.231 108.907 133.321 137.502 128.718 116.831 Exports of services 1 .................. 16 123.095 118.303 117.933 120.822 122.533 123.708 126.292 Transfers under U.S. military agency sales contracts....... Travel................................. Passenger fares.................... Other transportation.............. Royalties and license fees...... Other private services........... Other................................. 17 18 19 20 21 22 23 68.519 118.892 123.727 91.987 132.947 135.327 121.982 79.562 105.933 118.913 78.584 127.266 135.924 113.285 103.162 104.512 121.307 79.021 121.213 135.293 111.061 68.607 106.436 113.963 82.866 138.305 138.502 109.926 24 106.113 105.189 91.418 88.615 92.752 90.324 Imports of goods and services............................ Imports of goods 1...................... Foods, feeds, and beverages... Industrial supplies and materials, except petroleum and products.................... Durable go od s.................. Nondurable g o o d s............. 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 go od s.................. Nondurable go od s............. Other................................. Imports of services 1................... Direct defense expenditures.... Travel................................. Passenger fares.................... Other transportation.............. Royalties and license fees...... Other private services........... Other................................. 123.941 4 131.222 122.237 126.511 130.126 135.959 141.499 140.302 5 127.917 110.948 113.383 118.330 121.957 132.175 128.904 6 133.159 128.530 133.831 136.690 143.763 146.727 146.650 107.406 114.390 118.484 123.775 126.968 8 116.078 111.788 107.424 113.223 103.159 101.233 108.086 9 119.162 109.844 110.449 116.994 123.237 129.334 133.777 10 133.036 109.055 107.052 114.421 121.979 129.089 131.133 11 119.084 79.703 25 26 105.988 100.247 27 92.676 28 90.226 29 95.859 30 100.078 31 85.438 122.962 122.721 116.895 118.537 129.674 127.272 104.532 96.421 70.179 63.205 78.304 91.277 97.647 105.426 110.219 108.695 129.465 125.284 133.993 113.577 132.889 129.359 136.693 108.241 131.340 136.273 125.920 120.552 97.152 92.873 62.815 III 111.874 105.877 106.212 107.424 108.771 110.060 110.180 2 111.970 104.403 104.892 106.072 107.565 108.965 109.098 3 146.607 133.190 133.995 132.498 133.688 132.417 136.650 4 129.602 105.615 106.860 111.130 115.679 120.780 120.550 5 122.364 105.465 106.008 111.684 114.959 117.813 116.791 6 133.469 105.764 107.362 110.960 116.130 122.344 122.512 7 99.358 99.386 99.545 99.593 99.741 99.689 99.454 8 114.065 119.652 119.505 120.575 121.580 122.005 123.310 9 10 80.900 99.373 75.405 99.185 74.725 99.554 75.836 99.181 74.195 99.480 74.881 99.213 72.643 99.069 11 103.639 104.184 104.035 104.256 104.667 104.552 104.600 12 13 14 15 105.611 103.993 107.679 114.800 105.846 104.740 107.311 107.180 106.170 105.158 107.551 107.742 106.377 104.924 108.251 109.075 106.350 103.046 110.257 110.798 106.612 103.215 110.627 112.307 106.674 103.091 110.923 112.593 16 111.643 109.172 109.164 110.437 111.451 112.480 112.568 17 18 19 20 21 22 23 107.429 113.083 121.040 115.118 109.708 110.316 112.727 93.874 91.691 96.401 103.613 107.859 94.321 102.690 107.056 Imports of goods and services........................... Imports of goods 1...................... 24 118.685 105.987 105.879 111.222 114.514 112.234 109.936 99.850 99.211 103.392 104.766 104.764 69.245 59.939 80.120 97.787 72.464 64.120 82.132 83.281 77.388 70.158 85.692 82.572 82.870 83.699 76.241 76.892 91.441 90.396 95.452 104.178 93.822 97.089 94.422 94.360 90.658 70.173 77.916 80.166 91.520 95.020 36 112.955 100.742 100.151 104.637 106.588 112.769 118.075 37 113.987 97.959 96.901 101.163 105.539 112.973 118.242 38 111.714 103.984 103.938 108.685 107.815 112.552 117.902 39 91.947 85.500 84.500 85.374 92.138 85.974 86.856 40 111.167 106.461 105.915 105.772 107.766 108.916 112.572 41 75.560 84.230 83.515 79.822 81.555 86.468 91.326 42 96.828 94.753 92.304 89.575 90.241 88.750 94.284 43 95.783 82.595 87.472 80.538 80.588 79.196 86.722 44 82.961 69.772 68.083 68.666 73.800 78.643 81.768 45 95.462 93.572 90.971 98.297 110.710 105.554 106.070 46 158.667 153.013 153.383 155.617 155.877 158.093 160.006 47 96.944 103.894 102.622 105.837 99.454 99.601 101.020 Foods, feeds, and beverages.... Industrial supplies and materials, except petroleum and products.................... Durable g o o d s................. Nondurable g o o d s ............ 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 g o o d s................. Nondurable g o o d s............ Other................................. Imports of services 1.................. Direct defense expenditures... Travel................................. Passenger fares................... Other transportation.............. Royalties and license fee s...... Other private services........... Other................................. 108.405 108.384 105.968 109.143 109.566 109.554 112.687 108.461 109.070 102.182 108.335 109.647 109.847 111.631 108.764 110.122 106.391 109.597 110.173 111.088 115.119 109.264 110.685 116.367 111.011 110.651 111.354 118.642 109.602 111.874 127.141 112.341 110.668 111.787 118.434 109.869 112.583 127.616 112.888 110.906 111.473 117.898 25 119.603 104.908 104.680 110.650 114.497 111.653 109.033 26 123.313 119.547 118.847 121.299 125.014 128.725 130.525 27 28 29 30 31 128.383 104.555 101.763 108.628 115.671 130.449 109.987 111.226 117.310 122.633 92.697 100.046 108.436 125.518 98.862 189.493 116.302 117.777 151.436 172.189 99.018 96.638 96.516 96.302 96.167 116.200 127.602 105.102 149.107 114.955 124.955 105.102 131.470 95.857 95.703 32 115.956 122.356 123.162 124.009 124.825 124.898 125.800 78.067 75.972 33 82.621 78.061 77.338 76.896 76.716 34 103.623 101.339 101.055 101.032 100.984 100.578 100.655 35 103.969 104.762 104.925 105.380 105.068 105.238 105.708 104.277 103.758 104.917 113.820 40 41 42 43 44 45 46 47 113.921 110.711 111.179 113.650 114.351 114.813 114.152 124.583 119.382 130.012 104.513 109.730 111.907 113.205 103.890 102.723 105.286 110.922 120.298 112.056 120.290 96.231 109.553 112.839 108.468 103.755 102.751 104.966 110.250 122.918 115.981 112.783 93.801 109.640 113.614 109.890 103.913 102.948 105.082 111.112 127.988 118.796 124.846 96.687 110.165 114.442 111.700 104.203 102.711 105.971 112.415 126.660 118.974 130.594 99.081 110.644 114.537 112.397 104.292 102.417 106.514 113.310 103.934 101.246 107.128 113.648 36 37 38 39 119.537 118.653 140.742 102.166 110.660 114.512 112.976 112.798 119.186 134.893 103.918 110.899 114.123 113.623 Addenda: 48 127.390 105.658 105.523 113.456 117.690 124.085 125.086 49 127.773 124.782 125.302 133.351 136.892 134.661 135.870 50 123.782 119.801 115.550 129.793 134.290 121.767 125.539 51 52 53 54 127.962 111.564 112.086 119.476 123.437 128.403 129.217 106.968 84.904 85.757 91.699 95.804 104.797 108.456 102.462 92.827 95.624 90.934 91.754 99.294 104.532 106.056 87.632 88.308 93.235 96.736 103.859 107.203 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. II Transfers under U.S. military agency sales contracts....... Travel................................. Passenger fares................... Other transportation.............. Royalties and license fe e s...... Other private services........... Other................................. Addenda: Exports of durable g o o d s....... Exports of nondurable g o o d s.... Exports of agricultural g o o d s 2 Exports of nonagricultural goods............................. Imports of durable goods........ Imports of nondurable goods... Imports of nonpetroleum goods I Exports of services 1.................. 83.261 111.369 109.690 86.591 139.221 140.507 113.850 33 130.847 128.862 133.124 154.025 157.304 174.522 164.794 34 117.620 92.488 91.138 95.050 99.934 111.417 120.739 35 IV 81.508 117.218 117.607 86.370 141.451 141.897 117.242 79.290 111.275 111.207 84.948 136.244 139.253 116.267 120.750 100.488 100.084 107.326 111.259 122.917 127.416 32 118.600 1 2010 2009 III Exports of goods and services........................... Exports of goods 1 ..................... Foods, feeds, and beverages.... Industrial supplies and materials......................... Durable g o o d s................. Nondurable g o o d s............ Capital goods, except automotive...................... Civilian aircraft, engines, and parts.......................... Computers, peripherals, and parts.......................... Other............................. Automotive vehicles, engines, and parts........................ Consumer goods, except automotive...................... Durable g o o d s................. Nondurable g o o d s............ Other................................. 7 128.510 109.611 2009 III 126.255 114.228 114.174 120.569 123.858 126.592 128.138 129.014 2 127.649 112.377 112.474 120.484 124.495 127.939 3 125.356 119.593 115.558 131.879 131.570 119.371 2008 Exports of durable goods....... Exports of nondurable goods.... Exports of agricultural goods 2 Exports of nonagricultural goods............................. Imports of durable go ods....... Imports of nondurable goods.... Imports of nonpetroleum goods 48 104.038 101.630 101.844 102.708 103.155 103.575 103.302 49 129.937 111.733 112.812 114.658 118.171 121.533 122.500 50 146.874 129.901 131.192 131.011 132.190 131.696 136.232 51 52 53 54 109.353 105.644 141.555 108.215 102.516 102.241 110.109 103.480 102.945 102.351 109.302 102.960 104.244 103.023 122.854 104.180 105.767 103.406 132.047 105.463 107.318 103.750 124.183 105.725 107.125 103.262 118.216 105.556 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. D -3 8 N a tio n a l D a t a N ovem ber 2010 Table 4.2.5. Exports and Imports of Goods and Services Table 4.2.6. Real Exports and Imports of Goods and Services by Type of Product [Billions of dollars] by Type of Product, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III Exports of g o o d s and se rv ice s................... Exports of go o d s 1.............. Foods, feeds, and beverages. Industrial supplies and materials...................... Durable goods Nondurable _ Capital goods, except automotive....................... Civilian aircraft, engines, and parts........................... Computers, peripherals, and parts........................... Other............................. Automotive vehicles, engines, and parts........................ Consumer goods, except automotive....................... Durable g o o d s.................. Nondurable go od s............. Other................................. 1 2 3 Seasonally adjusted at annual rates 2010 IV 1,843.4 1,578.4 1,582.1 1,689.9 1,295.1 1,063.1 1,068.6 1,157.6 I II Line 1,757.8 1,817.9 1,842.1 1,213.0 1,262.8 1,274.9 108.3 93.9 91.3 103.0 103.7 93.2 99.9 4 5 6 386.9 128.6 258.3 293.7 96.2 197.5 307.1 98.6 208.4 328.5 108.4 220.0 357.2 115.0 242.2 388.2 127.8 260.4 384.2 123.5 260.6 7 457.7 390.5 383.2 408.3 423.6 442.3 452.6 8 74.0 74.8 71.7 76.3 70.1 69.0 74.5 9 10 43.9 339.8 37.7 278.0 37.6 273.9 40.4 291.7 41.6 311.9 44.1 329.2 44.3 333.9 11 121.5 81.7 87.5 100.2 108.6 113.4 111.9 12 13 14 15 161.3 90.7 70.6 59.4 150.0 76.0 74.0 53.2 150.2 77.4 72.8 49.3 158.7 81.6 77.2 58.8 162.9 82.7 80.2 56.9 161.4 87.3 74.1 64.3 163.9 88.0 75.9 62.5 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................................. 16 548.3 515.3 513.6 532.3 544.8 555.1 567.1 17 18 19 20 21 22 23 13.3 110.0 31.4 43.7 93.9 238.9 17.0 15.6 93.9 26.4 35.4 89.8 238.3 15.8 20.2 93.2 26.0 35.3 85.6 237.8 15.4 13.5 95.9 25.4 37.5 98.1 246.2 15.7 15.7 100.7 27.1 38.9 97.1 248.1 17.1 16.5 101.9 29.2 40.2 99.2 251.4 16.7 16.2 107.9 31.5 40.2 101.0 253.1 17.1 Im ports of g o o d s and se rv ices...................... 24 2,553.8 2,148.8 25 26 1,964.7 1,990.5 2,116.3 2,237.6 2,357.1 2,403.5 1,587.8 1,613.8 1,731.8 1,843.5 1,957.2 1,992.5 Imports of go o d s 1................. Foods, feeds, and beverages... Industrial supplies and materials, except petroleum and products.................... Durable go o d s.................. Nondurable g o o d s............. 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 g o o d s.................. Nondurable go od s............. Other................................. 36 37 38 39 484.7 264.9 219.8 94.5 430.7 225.4 205.3 85.6 427.6 223.0 204.6 84.1 447.5 233.3 214.2 85.6 457.1 242.8 214.3 93.5 484.0 259.2 224.8 87.9 505.0 268.2 236.9 89.1 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 47 405.0 376.9 376.6 384.5 394.1 400.0 411.0 28.3 79.7 32.6 53.7 25.8 173.7 11.2 30.5 73.2 26.0 41.6 25.2 168.9 11.5 30.9 73.8 25.8 39.5 24.5 170.4 11.6 30.8 73.4 26.3 41.1 26.7 174.2 12.1 31.1 74.0 27.5 45.2 30.1 174.6 11.5 31.1 72.6 29.2 49.7 28.7 177.1 11.5 31.0 77.5 30.6 52.6 29.0 178.6 11.8 48 49 50 828.2 466.9 118.0 671.0 392.1 101.0 671.4 397.2 98.3 728.0 429.6 110.3 758.4 454.6 115.2 802.9 459.9 104.0 807.2 467.7 110.9 51 52 53 54 1,177.1 1,158.7 990.1 1,671.2 962.1 890.1 697.7 1,320.4 970.2 899.8 714.1 1,323.8 1,047.3 968.4 763.4 1,414.2 1,097.8 1,015.5 827.9 1,485.4 1,158.7 1,114.6 842.6 1,598.7 1,164.0 1,148.1 844.5 1,647.6 Addenda: Exports of durable g o o d s....... Exports of nondurable go o d s.... Exports of agricultural goods 2 Exports of nonagricultural goods............................. Imports of durable goods........ Imports of nondurable goods... Imports of nonpetroleum goods 89.0 81.6 80.8 81.9 88.0 91.8 93.1 27 28 29 30 316.5 160.1 156.4 477.6 195.2 94.6 100.6 267.4 187.2 90.7 96.6 290.1 209.2 102.3 106.8 317.6 237.9 117.0 120.8 358.1 255.9 132.4 123.5 358.5 255.7 130.7 125.0 344.9 31 455.2 369.7 367.8 393.6 407.4 448.6 464.3 32 35.4 30.6 29.8 31.0 30.3 30.3 29.4 33 34 100.9 318.9 93.9 245.3 97.1 241.0 111.3 251.3 113.0 264.1 125.1 293.2 117.0 318.0 35 231.2 157.6 176.2 196.4 201.5 230.4 240.3 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. 2008 2009 III 2009 III Exports of go od s and se rv ice s..................... Exports of go o d s 1................ Foods, feeds, and beverages.... Industrial supplies and materials......................... Durable g o o d s................. Nondurable g o o d s............ Capital goods, except automotive...................... Civilian aircraft, engines, and parts.......................... Computers, peripherals, and p a rts2......................... Other............................. Automotive vehicles, engines, and parts........................ Consumer goods, except automotive...................... Durable g o o d s................. Nondurable g o o d s............ 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 go o d s and se rv ice s..................... Imports of go o d s 1................. Foods, feeds, and beverages.... Industrial supplies and materials, except petroleum and products.................... Durable g o o d s................. Nondurable g o o d s............ Petroleum and products......... 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 g o o d s................. Nondurable g o o d s ............ Other................................. Im ports of services 1.............. Direct defense expenditures... Travel................................. Passenger fares................... Other transportation.............. Royalties and license fees...... Other private services........... Other................................. Residual................................ Addenda: Exports of durable goods....... Exports of nondurable goods.... Exports of agricultural goods 3 Exports of nonagricultural go ods............................. Imports of durable goods....... Imports of nondurable goods.... Imports of nonpetroleum goods 1 2 3 2010 IV I II III 1,647.7 1,490.7 1,490.0 1,573.5 1,616.4 1,652.1 1,672.3 1,156.6 1,018.2 1,019.1 1,091.7 1,128.0 1,159.2 1,169.0 73.9 70.5 68.1 77.8 77.6 70.4 73.1 4 5 6 298.5 105.1 193.5 278.1 91.2 186.8 287.8 93.2 194.5 296.0 97.3 198.6 309.3 100.2 208.9 321.9 108.6 213.2 319.2 105.9 213.1 7 460.6 392.9 385.0 410.0 424.7 443.6 455.1 8 64.9 62.5 60.0 63.3 57.7 56.6 60.4 9 10 341.9 280.3 275.1 294.1 313.5 331.8 337.0 11 117.2 78.4 84.1 96.1 103.7 108.5 107.0 12 13 14 15 152.7 87.2 65.6 51.7 141.8 72.6 69.0 49.7 141.5 73.6 67.7 45.8 149.3 77.8 71.3 54.0 153.2 80.3 72.7 51.4 151.4 84.6 67.0 57.3 153.7 85.4 68.5 55.5 16 491.1 472.0 470.5 482.0 488.9 493.6 503.9 17 18 19 20 21 22 23 24 12.4 97.3 25.9 38.0 85.6 216.6 15.1 1.5 14.4 86.7 24.9 32.4 82.0 217.5 14.0 7.8 18.7 85.5 25.4 32.6 78.1 216.5 13.8 7.0 12.4 87.1 23.9 34.2 89.1 221.7 13.6 7.9 14.3 91.0 23.3 35.1 87.7 222.9 14.4 5.6 15.1 91.1 23.0 35.7 89.7 224.9 14.1 1.6 14.7 95.9 24.7 35.7 91.1 227.1 14.5 1.8 25 2,151.7 1,796.6 26 27 1,853.8 1,880.8 1,903.6 1,513.5 1,542.7 1,566.1 1,954.8 2,101.1 2,187.2 1,611.0 1,753.9 1,828.5 72.2 68.3 68.0 67.6 70.4 71.3 71.3 28 29 30 31 246.5 122.7 124.6 252.1 186.7 86.0 101.8 229.9 184.2 81.5 104.2 246.3 192.8 87.2 106.8 209.7 205.9 95.4 111.4 208.0 220.5 103.7 117.5 240.4 222.7 104.6 118.9 262.4 32 459.7 382.6 381.1 408.6 423.6 468.0 485.1 33 30.5 25.0 24.2 25.0 24.3 24.3 23.3 34 35 307.8 242.0 238.5 248.7 261.5 291.6 315.9 36 222.4 150.4 168.0 186.6 192.0 219.1 227.5 37 38 39 40 464.8 255.3 209.5 83.0 414.6 219.4 195.0 77.2 412.2 217.1 194.9 76.3 430.6 226.6 203.8 77.1 438.6 236.4 202.2 83.2 464.1 253.1 211.1 77.6 485.9 264.9 221.1 78.4 41 42 43 44 45 46 47 48 49 355.5 340.5 338.7 338.3 344.6 348.3 360.0 22.7 66.8 25.0 51.4 23.5 155.2 9.9 -5.0 25.3 65.4 21.6 43.2 23.0 149.7 10.6 -0.2 25.1 63.7 22.9 42.2 22.4 150.0 10.5 0.8 24.0 61.8 21.1 42.5 24.2 152.2 10.8 -15.8 24.5 62.2 21.1 45.7 27.2 152.5 10.2 -20.2 26.0 61.2 20.7 48.7 26.0 154.6 10.2 -18.8 27.5 65.0 22.7 50.6 26.1 156.5 10.4 -13.7 50 51 52 796.0 359.3 80.3 660.2 350.9 77.7 659.4 352.4 75.0 708.9 375.0 84.2 735.4 385.0 87.1 775.4 378.7 79.0 781.6 382.1 81.5 53 54 55 56 1,076.4 1,096.8 699.4 1,544.3 938.5 870.6 633.7 1,276.0 942.9 879.3 652.8 1,285.9 1,005.0 940.2 620.7 1,357.6 1,038.4 982.3 626.3 1,408.6 1,080.1 1,074.5 677.8 1,512.3 1,087.0 1,112.1 713.6 1,561.0 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. 2. The quantity index for computers can be used to accurately measure the real growth of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggre gate series; accurate estimates of these contributions are shown in table 4.2.2 and real growth rates are shown in table 4.2.1. 3. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondurable nonautomotive consumer goods. Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 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. N ovem ber 2 0 1 0 Su r v e y C of urrent B u s in e s s D -3 9 5. Saving and Investment Table 5.1. Saving and Investment by Sector [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III I III II 1,785.2 -64.0 1,533.8 -327.4 1,438.0 -410.3 1,562.5 -289.8 1,621.5 -230.9 1,674.3 -186.1 599.6 156.7 227.2 -44.1 -26.3 442.9 447.9 -5.0 -663.6 -616.2 -47.4 944.5 284.2 342.9 11.9 -70.6 660.3 655.3 5.0 -1,271.9 -1,251.7 -20.1 965.6 342.2 413.9 -8.7 -63.0 623.4 623.4 0.0 -1,375.9 -1,356.7 -19.2 1,006.7 390.6 520.8 -67.2 -63.0 616.0 616.0 0.0 -1,296.4 -1,310.3 13.9 1,054.8 443.0 649.4 -36.4 -169.9 611.8 611.8 0.0 -1,285.7 -1,314.2 28.6 1,152.9 480.1 654.2 -3.5 -170.7 672.8 672.8 0.0 -1,338.9 -1,354.7 15.8 14 15 16 17 18 19 20 1,849.2 1,861.1 1,848.3 1,852.2 1,852.4 1,860.4 1,871.4 1,536.9 1,244.5 292.4 312.3 119.8 192.6 1,535.8 1,245.2 290.6 325.3 124.3 200.9 1,523.1 1,234.3 288.8 325.1 124.7 200.5 1,525.5 1,234.7 290.8 326.8 125.9 200.8 1,522.8 1,231.1 291.7 329.6 127.3 202.3 1,527.4 1,236.9 290.5 333.0 128.8 204.2 1,534.9 1,243.0 291.9 336.5 130.3 206.3 21 1,921.8 2,592.2 1,712.9 2,092.6 1,666.9 2,057.0 1,737.6 2,138.2 1,785.7 2,230.7 1,855.0 2,347.4 2,411.5 2,096.7 1,570.1 526.6 495.5 145.3 350.3 1,589.2 1,176.5 412.7 503.4 152.4 351.0 1,548.5 1,138.6 409.8 508.5 155.7 352.8 1,637.7 1,225.7 412.0 500.5 158.1 342.4 1,739.7 1,337.2 402.6 491.0 160.8 330.2 1,841.8 1,423.6 418.2 505.6 168.2 337.4 1,896.1 1,503.0 393.1 515.3 172.1 343.3 G ross s a v in g ............................................................................................... 1 Net s a v in g ......................................................................................................... Net private saving............................................................................................. Domestic business........................................................................................ Undistributed corporate profits...................................................................... Inventory valuation adjustment, corporate........................................................ Capital consumption adjustment, corporate...................................................... Households and institutions............................................................................. Personal saving......................................................................................... Wage accruals less disbursements................................................................. Net government saving....................................................................................... Federal............... State and local...... 2 3 4 5 6 7 8 9 10 11 12 13 Consum ption of fixed capital Private................... Domestic business........................................................................................ Households and institutions Government...................... Federal......................... State and local................ G ross domestic investment, capital account transactions, and net lending, N IP A s . 2010 IV G ross domestic investment.................................................................................. Gross private domestic investment....................................................................... Domestic business.......... Households and institutions Gross government investment Federal........................ State and local.............................................................................................. 22 23 24 25 26 27 28 Capital account transactions ( n e t)1...................................................................... Private........................................................................................................... Domestic b usiness.......... Households and institutions Government...................... Federal......................... State and local............... 29 30 31 32 33 34 35 Net lending or net borrowing (-), NIPAs Private............................. Domestic business.......... Households and institutions Government...................... Federal........................ State and local.............................................................................................. 36 37 38 39 40 41 42 -665.0 -380.3 -390.7 -401.3 -445.4 -493.0 247.3 18.4 228.9 -912.3 -755.2 -157.1 1,212.5 657.0 555.5 -1,592.7 -1,476.6 -116.1 1,248.7 730.4 518.3 -1,639.4 -1,530.1 -109.3 1,186.5 665.2 521.3 -1,587.8 -1,521.9 -65.9 1,096.0 573.8 522.1 -1,541.4 -1,483.6 -57.7 1,145.7 576.1 569.5 -1,638.6 -1,570.3 -68.4 -5.4 0.6 0.6 0.7 0.4 0.5 -70.9 -50.7 -20.2 65.4 113.5 -48.0 -142.2 -125.0 -17.3 142.8 196.8 -54.0 -79.6 -63.7 -15.9 80.2 142.5 -62.3 -116.9 -90.4 -26.4 117.6 179.4 -61.8 -94.0 -72.7 -21.3 94.4 135.9 -41.5 -126.6 -102.2 -24.3 127.1 176.1 -49.1 -169.5 631.0 631.0 0.0 43 136.6 179.1 228.9 175.2 164.2 180.7 Addenda: Gross private saving................................................... Domestic business.......... Households and institutions Gross government saving..... Federal........................ State and local....................................................... Net domestic investment............................................. Private............... Domestic business.............................................. Households and institutions.................................. Government......... Federal........... State and local.... 44 45 46 47 48 49 50 51 52 53 54 55 56 2,136.5 1,401.2 735.3 -351.3 -496.5 145.1 743.0 559.8 325.6 234.2 183.2 25.5 157.7 2,480.3 1,529.4 950.9 -946.6 -1,127.4 180.8 231.5 53.4 -68.7 122.0 178.1 28.1 150.0 2,488.7 1,576.5 912.2 -1,050.7 -1,232.0 181.3 208.7 25.3 -95.7 121.0 183.4 31.0 152.4 2,532.1 1,625.3 906.8 -969.7 -1,184.4 214.7 286.0 112.3 -9.0 121.2 173.8 32.2 141.6 2,577.5 1,674.1 903.4 -956.0 -1,186.9 230.9 378.3 217.0 106.1 110.9 161.3 33.5 127.8 2,680.3 1,716.9 963.4 -1,005.9 -1,225.9 220.0 487.1 314.4 186.8 127.6 172.6 39.4 133.2 540.0 361.2 260.0 101.2 178.8 41.8 137.0 G ross saving as a percentage o f g ross national in c o m e . 57 Net saving as a percentage of gross national in co m e ..... 58 Disaster losses 2 ....................................................................... Private...... Domestic business.............................................. Households and institutions.................................. Government. Federal.... State and local.................................................... 59 60 61 62 63 64 65 12.4 -0.4 19.1 10.9 -2.3 0.0 10.2 -2.9 0.0 11.0 -2.0 0.0 11.2 -1.6 0.0 11.5 -1.3 0.0 0.0 19.1 10.8 8.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 S tatistical d is c re p a n c y . 922.9 1. Consists of capital transfers and the acquisition and disposal of nonproduced nonfinancial assets. Prior to 1982, reflects only capital grants paid to the U.S. territories and the Commonwealths of Puerto Rico and Northern Mariana Islands. 2. Consists of damages to fixed assets. D -4 0 N a tio n a l D a t a N ovem ber 2010 Table 5.3.1. Percent Change From Preceding Period in Real Private Fixed Investment by Type [Percent] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III Private fixe d in v e s tm e n t....................................................................................................................... 1 -6 .4 -18.3 0.7 -1 .3 3.3 18.9 0.8 N o n re sid e n tia l.................................................................................................................................................. 2 0.3 -17.1 -1.7 -1 .4 7.8 17.2 9.7 S tru c tu re s ..................................................................................................................................................... Commercial and health care ...................................................................................... Manufacturing....................... Power and communication....... Mining exploration, shafts, and wells............................................................................ Other structures 1.................. 3 4 5 6 7 8 5.9 -3.7 24.5 9.1 6.5 12.6 -20.4 -29.9 7.6 2.5 -35.5 -18.7 -12.4 -28.7 -20.1 47.0 -8.4 -30.1 -29.2 -34.8 -41.8 -19.3 -10.4 -37.5 -17.8 -28.5 -43.8 -33.7 93.4 -36.0 -0.5 -18.0 -18.3 -7.1 58.2 -16.0 3.9 -18.6 -33.7 10.6 59.1 -11.7 Equipm ent and s o ftw a re ............................................................................................................................ Information processing equipment and software.............................................................. Computers and peripheral equipment....................................................................... Software 2 .......................................................................................................... Other3.......... Industrial equipment................................................................................................. Transportation equipment.......................................................................................... Other equipment4................................................................................................... 9 10 11 12 13 14 15 16 -2 .4 6.1 13.3 5.8 3.5 -4.2 -23.0 -3.7 -15.3 0.2 -1.5 1.7 -1.1 -23.3 -51.5 -22.3 4.2 14.7 23.1 7.1 22.3 -10.2 -11.2 -6.4 14.6 22.4 80.6 14.2 13.5 -3.0 40.2 -4.3 20.4 8.4 4.8 9.2 8.8 0.2 173.9 32.7 24.8 15.3 45.2 8.1 13.0 44.2 74.8 16.2 12.0 5.7 -4.5 8.5 6.9 7.3 42.1 21.6 17 -24.0 -22.9 10.6 -0 .8 -12.3 25.7 -29.1 S tru c tu re s ..................................................................................................................................................... Permanent site........................................................................................................ Single family.... 20 Multifamily..... Other structures 5 18 19 -37.2 21 22 -24.3 -33.7 -40.8 -12.1 -11.9 -23.2 -40.0 10.5 19.4 -1.1 -1.4 18.8 -60.1 -1.0 -12.8 1.2 19.3 -64.9 -20.7 26.2 13.5 22.4 -38.2 34.8 -29 .8 -27.8 -27.3 -32.1 -31.1 E quipm ent.............. 23 -3 .5 -7.1 11.7 11.2 11.2 8.3 3.8 24 25 26 27 28 -10.2 -2.4 -9.4 5.9 -24.7 -21.6 -15.2 -22.5 -20.3 -25.6 -3.2 4.2 -5.8 -12.2 5.5 -17.8 14.6 -21.3 -29.1 -8.1 -15.5 20.3 -11.9 -17.5 -3.5 11.3 24.6 6.8 -0.4 17.4 -13.4 11.9 -6.3 3.9 -18.7 R e sid e n tia l.................. Addenda: Private fixed investment in structures............................................................................... Private fixed investment in equipment and software............................................................ Private fixed investment in new structures f Nonresidential structures................... Residential structures....................... 57.9 -36.7 -6.5 -56.4 5.4 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. Table 5.3.2. Contributions to Percent Change in Real Private Fixed Investment by Type Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III Percent change at annual rate: 1 -6.4 -18.3 0.7 N o nreside ntia l.................................................................................................................................................. 2 0.21 -13.34 -1.33 S tru c tu re s ............................ Commercial and health care...................................................................................... Manufacturing.............. Power and communication......................................................................................... Mining exploration, shafts, and wells............................................................................ Other structures 1................... 3 4 5 6 7 8 1.40 -0.30 0.48 0.32 0.39 0.51 -5.52 -2.58 0.21 0.11 -2.34 -0.92 -3.48 -2.55 -0.86 2.12 -0.41 -1.79 Equipment and softw are............... Information processing equipment and software.............................................................. Computers and peripheral equipment........................................................................ Software2 .................................................................................................... Other3.......... Industrial equipment................................................................................................. Transportation equipment.......................................................................................... Other equipment4................................................................................................... 9 10 11 12 13 14 15 16 -1.19 1.42 0.49 0.63 0.31 -0.37 -1.93 -0.32 -7.81 0.05 -0.06 0.21 -0.10 -2.14 -3.65 -2.07 2.15 4.23 0.96 1.04 2.23 -0.95 -0.52 -0.61 Private fixed in v e s tm e n t....................................................................................................................... -1 .3 3.3 18.9 0.8 -1.11 6.03 13.92 7.50 -8.52 -2.88 -1.86 -1.19 -0.49 -2.10 -4.52 -2.05 -1.74 -2.14 3.18 -1.78 0.14 -1.07 -0.53 -0.35 2.67 -0.59 0.83 -1.06 -0.99 0.48 2.82 -0.42 7.41 6.51 2.96 2.08 1.47 -0.27 1.56 -0.40 10.55 2.70 0.25 1.43 1.02 0.02 5.25 2.59 13.79 5.10 2.17 1.34 1.59 3.48 3.62 1.58 6.67 1.84 -0.25 1.30 0.79 0.65 2.31 1.87 Percentage points at annual rates: 17 -6.58 -5.01 2.02 -0.18 -2.69 4.95 -6.68 S tru c tu re s .. Permanent site........................................................................................................ Single family........................................................................................................ Multifamily.......................................................................................................... Other structures 5.................................................................................................... 18 19 20 21 22 -6.56 -5.18 -4.92 -0.26 -1.38 -4.97 -4.27 -3.50 -0.77 -0.70 1.97 1.32 2.67 -1.35 0.65 -0.24 -0.12 1.10 -1.21 -0.12 -2.75 0.09 1.18 -1.09 -2.84 4.90 1.06 1.45 -0.39 3.84 -6.70 -2.35 -2.07 -0.28 -4.35 E quipm ent..................................................................................................................................................... 23 -0.02 -0.03 0.06 0.06 0.06 0.04 0.02 Addenda: Private fixed investment in structures............................................................................... Private fixed investment in equipment and software............................................................ Private fixed investment in new structures6....................................................................... Nonresidential structures................... Residential structures....................... 24 25 26 27 28 -5.16 -1.20 -4.41 1.38 -5.79 -10.50 -7.85 -10.28 -5.51 -4.77 -1.52 2.21 -2.55 -3.43 0.88 -8.76 7.46 -9.88 -8.47 -1.42 -7.27 10.60 -5.05 -4.46 -0.59 5.04 13.83 3.00 0.15 2.85 -5.87 6.69 -2.46 0.84 -3.30 Residential 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. N ovem ber 2010 S u r v e y o f C u r r e n t B u sin e ss D -4 1 Table 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes [Index numbers, 2005=100] Seasonally adjusted Line 2008 2009 2009 2010 IV III I III II Private fixed in v e s tm e n t....................................................................................................................... 1 94.096 76.835 76.447 76.198 76.826 80.219 80.383 N o n re sid e n tia l.................................................................................................................................................. 2 115.532 95.804 95.216 94.879 96.677 100.592 102.957 S tru c tu re s ..................................................................................................................................................... Commercial and health care...................................................................................... Manufacturing.......................... Power and communication.......... Mining exploration, shafts, and wells Other structures 1..................... 3 4 5 6 7 8 131.976 112.397 162.312 163.815 129.360 141.877 105.064 78.754 174.631 167.925 83.433 115.316 103.911 75.544 176.518 180.129 78.663 112.392 95.310 67.889 154.206 170.722 76.540 99.916 90.761 62.430 133.491 154.038 90.256 89.368 90.649 59.416 126.895 151.234 101.224 85.567 91.515 56.438 114.515 155.082 113.681 82.939 Equipm ent and so ftw a re ............................................................................................................................ Information processing equipment and software............................................................. Computers and peripheral equipment..., Software 2 ..................................... Other3............................................................................................................... Industrial equipment 14 Transportation equipment.......................................................................................... Other equipment4.. 9 10 11 12 13 15 16 108.681 125.136 159.060 116.907 122.185 107.896 78.698 99.177 92.035 125.368 156.682 118.929 120.829 82.784 38.207 77.020 91.716 126.613 155.815 119.562 123.527 80.998 37.676 74.954 94.895 133.164 180.635 123.600 127.510 80.385 41.000 74.133 99.408 135.861 182.749 126.350 130.239 80.422 52.744 79.571 105.067 140.775 200.624 128.839 134.286 88.127 60.651 82.614 108.085 142.723 198.348 131.480 136.536 89.684 66.223 86.753 17 57.324 44.220 44.185 44.092 42.670 45.177 41.455 S tru c tu re s .................. Permanent site....................................................................................................... Single family....................................................................................................... Multifamily.......................................................................................................... Other structures 5.................................................................................................... 18 19 20 21 22 56.818 45.063 41.115 78.370 76.933 43.638 27.025 24.324 49.595 71.926 43.601 26.540 24.497 44.016 72.645 43.476 26.444 25.577 34.990 72.464 42.007 26.520 26.732 26.926 68.392 44.520 27.376 28.115 23.876 73.694 40.745 25.236 25.962 21.672 67.145 E quipm ent..... 23 98.677 91.636 91.792 94.261 96.793 98.733 99.649 24 25 26 27 28 82.069 108.582 84.479 132.205 56.629 64.317 92.031 65.466 105.306 42.105 63.884 91.717 64.835 104.168 41.786 60.837 94.888 61.073 95.602 40.912 58.325 99.383 59.161 91.101 40.547 59.905 105.006 60.145 91.001 42.208 57.786 108.005 59.174 91.877 40.080 R e sid en tia l..................... Addenda: Private fixed investment in structures............................................................................... Private fixed investment in equipment and software............................................................ Private fixed investment in new structures 6...................................................................... Nonresidential structures............ Residential structures................ 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. Table 5.3.4. Price Indexes for Private Fixed Investment by Type [Index numbers, 2005=100] Seasonally adjusted Line 2008 2009 2009 2010 III IV I II III Private fixed in ve stm e n t....................................................................................................................... 1 107.053 105.260 104.294 104.030 103.661 103.487 103.539 N o n re sid e n tia l.................................................................................................................................................. 2 106.984 105.700 104.768 104.144 103.639 103.636 103.730 S tru c tu re s ..................................................................................................................................................... Commercial and health care...................................................................................... Manufacturing......................................................................................................... Power and communication.......... Mining exploration, shafts, and wells Other structures 1..................... 3 4 5 6 7 8 125.460 119.081 118.274 122.299 148.326 115.906 122.187 119.695 120.815 120.791 132.162 114.059 119.654 117.356 117.771 119.005 127.830 112.410 119.017 116.716 117.989 118.579 126.324 111.674 119.291 116.128 117.803 119.713 127.720 111.291 119.887 115.560 117.989 121.865 129.287 110.679 120.665 115.710 118.251 123.201 130.966 110.621 Equipm ent and so ftw a re .................. Information processing equipment and software............................................................. Computers and peripheral equipment....................................................................... Software 2 .......................................................................................................... Other3............ Industrial equipmenl 14 Transportation equipment.......................................................................................... Other equipment4................................................................................................... 9 10 11 12 13 99.620 89.062 64.734 100.364 88.358 113.766 109.977 112.772 99.344 88.653 64.049 99.755 88.345 113.741 110.986 112.223 98.721 88.285 63.072 99.973 87.661 114.098 105.729 112.063 97.954 87.923 62.638 99.700 87.249 114.362 101.206 110.841 97.764 87.583 61.989 99.538 86.909 114.891 100.648 110.947 97.651 87.243 61.392 99.256 86.681 115.234 100.440 111.508 15 16 100.083 92.470 70.639 101.916 92.483 112.440 102.921 108.232 R e sid e n tia l........................................................................................................................................................ 17 106.361 102.736 101.637 102.712 102.869 102.030 101.907 S tru c tu re s ..... Permanent site....................................................................................................... Single family....................................................................................................... Multifamily.......................................................................................................... Other structures 5.................................................................................................... 18 19 20 21 22 106.426 106.207 104.230 119.614 106.310 102.758 102.804 99.893 120.414 102.448 101.657 101.281 98.306 119.001 101.635 102.816 102.331 99.287 120.584 102.874 103.004 102.055 99.020 120.259 103.356 102.175 100.505 97.516 118.433 102.991 102.077 100.746 97.750 118.717 102.679 E quipm ent..................................................................................................................................................... 23 101.603 99.815 98.775 96.720 95.771 94.639 93.666 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 25 26 27 28 114.014 100.097 115.499 125.641 107.759 110.622 99.622 112.275 122.394 104.411 108.800 99.339 110.273 119.845 103.044 109.042 98.702 110.550 119.205 104.493 109.269 97.934 110.840 119.484 104.810 109.140 97.734 110.818 120.089 104.053 109.470 97.614 111.253 120.875 104.087 ' 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 -4 2 N ovem ber 2010 N a tio n a l D a t a Table 5.3.5. Private Fixed Investment by Type [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III Private fixed in v e s tm e n t....................................................................................................................... 1 2,137.8 1,716.4 1,691.8 1,681.9 1,689.8 1,761.4 1,765.9 N o n re sid e n tia l.................................................................................................................................................. 2 1,665.3 1,364.4 1,343.8 1,330.9 1,349.6 1,404.2 1,438.5 S tru c tu re s ..................................................................................................................................................... Commercial and health c are...................................................................................... Manufacturing...................... Power and communication...... Mining exploration, shafts, and wells............................................................................ Other structures 1................. 3 4 5 6 7 8 582.4 181.9 57.4 90.5 147.9 104.8 451.6 128.1 63.1 91.6 85.0 83.8 436.6 120.2 62.1 96.9 77.0 80.4 398.2 107.4 54.4 91.5 74.1 71.0 380.1 98.2 47.0 83.3 88.3 63.3 381.5 93.0 44.7 83.3 100.2 60.2 387.7 88.5 40.5 86.3 114.0 58.4 Equipm ent and software Information processing equipment and software.............................................................. Computers and peripheral equipment....................................................................... Software 2 .......................................................................................................... Other3......... Industrial equipment................................................................................................. Transportation equipment.......................................................................................... Other equipment4................................................................................................... 9 10 11 12 13 14 15 16 1,082.9 549.9 88.6 259.7 201.6 193.7 147.2 192.1 912.8 530.7 80.0 260.2 190.4 150.4 76.4 155.4 907.2 533.7 78.9 260.0 194.7 147.1 76.0 150.5 932.7 559.0 90.1 269.4 199.5 146.4 78.8 148.6 969.5 568.0 90.5 274.7 202.8 146.8 97.0 157.7 1,022.7 586.2 98.4 279.6 208.3 161.6 110.9 163.9 1,050.9 592.0 96.3 284.5 211.2 165.0 120.8 173.0 17 472.5 352.1 348.0 351.0 340.2 357.2 327.4 18 343.1 133.6 105.3 28.2 209.5 339.1 129.2 104.4 24.8 210.0 342.1 130.0 110.1 20.0 212.0 331.1 130.1 114.8 15.3 201.0 348.1 132.2 118.9 13.4 215.9 318.3 122.2 110.0 12.2 196.1 R e sid e n tia l................. S tru c tu re s ............. Permanent site... 19 Single family... 20 Multifamily.... Other structures 5.................................................................................................... 21 22 462.7 230.1 185.8 44.3 232.6 E qu ip m e nt..................................................................................................................................................... 23 9.8 8.9 8.9 8.9 9.1 9.1 9.1 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 25 26 27 28 1,045.1 1,092.7 982.8 581.9 400.9 794.7 921.7 740.3 451.5 288.8 775.7 916.1 719.4 436.6 282.8 740.3 941.6 679.2 398.5 280.8 711.2 978.6 659.7 380.6 279.1 729.6 1,031.8 670.5 382.1 288.4 705.9 1,060.0 662.3 388.3 274.0 1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 2. Excludes software “embedded,”or bundled, in computers and other equipment. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions on the sale of residential structures. 6. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. Table 5.3.6. Real Private Fixed Investment by Type, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 2010 2009 III IV II I III Private fixed in v e s tm e n t....................................................................................................................... 1 1,997.0 1,630.7 1,622.4 1,617.1 1,630.5 1,702.5 1,706.0 N o n re sid e n tia l.................................................................................................................................................. 2 1,556.6 1,290.8 1,282.9 1,278.3 1,302.6 1,355.3 1,387.2 S tru c tu re s ..................................................................................................................................................... Commercial and health care...................................................................................... Manufacturing....................... Power and communication...... Mining exploration, shafts, and wells............................................................................ Other structures 1.................. 3 4 5 6 7 8 464.2 152.8 48.5 74.0 99.7 90.4 369.6 107.0 52.2 75.8 64.3 73.5 365.5 102.7 52.8 81.3 60.6 71.6 335.3 92.3 46.1 77.1 59.0 63.7 319.3 84.9 39.9 69.6 69.6 57.0 318.9 80.8 37.9 68.3 78.0 54.5 321.9 76.7 34.2 70.0 87.6 52.9 Equipment and so ftw a re ............................................................................................................................ Information processing equipment and software.............................................................. Computers and peripheral equipment2..................................................................... Software 3 .......................................................................................................... Other4................... Industrial equipment..... Transportation equipment.......................................................................................... Other equipment5....... 9 10 11 12 13 14 15 16 1,082.0 594.7 916.3 595.8 913.1 601.8 944.7 632.9 989.7 645.7 1,046.0 669.1 1,076.1 678.3 254.9 217.9 172.2 143.0 177.5 259.3 215.5 132.2 69.4 137.8 260.7 220.3 129.3 68.5 134.1 269.5 227.4 128.3 74.5 132.7 275.4 232.3 128.4 95.8 142.4 280.9 239.5 140.7 110.2 147.8 286.6 243.5 143.2 120.3 155.2 R e sid e n tia l........................................................................................................................................................ 17 444.2 342.7 342.4 341.7 330.7 350.1 321.3 S tru c tu re s ..................................................................................................................................................... Permanent site....................................................................................................... Single family... Multifamily.... Other structures 6.................................................................................................... 18 19 20 21 22 434.7 216.7 178.2 37.1 218.8 333.9 129.9 105.4 23.5 204.5 333.6 127.6 106.2 20.8 206.6 332.7 127.1 110.9 16.6 206.1 321.4 127.5 115.9 12.7 194.5 340.7 131.6 121.9 11.3 209.6 311.8 121.3 112.5 10.3 190.9 E qu ip m e nt............. Residual...................................................................................................................... 23 24 9.7 -3.2 9.0 -22.3 9.0 -25.0 9.2 -38.8 9.5 -41.6 9.7 -46.9 9.7 -44.1 Addenda: Private fixed investment in structures............................................................................... Private fixed investment in equipment and software............................................................ Private fixed investment in new structures 7....................................................................... Nonresidential structures........................................................................................... Residential structures............................................................................................... 25 26 27 28 29 916.6 1,091.6 850.9 463.2 372.0 718.4 925.2 659.4 368.9 276.6 713.5 922.1 653.0 364.9 274.5 679.5 954.0 615.1 334.9 268.7 651.4 999.1 595.9 319.2 266.3 669.1 1,055.7 605.8 318.8 277.3 645.4 1,085.8 596.0 321.9 263.3 1. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recreational structures, net purchases of used structures, and brokers' commissions on the sale of structures. 2. The quantity index for computers can be used to accurately measure the real growth rate of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component’s relative importance or its contribution to the growth rate of more aggregate series; accurate estimates of these contributions are shown in table 5.3.2 and real growth rates are shown in table 5.3.1. 3. Excludes software “embedded,” or bundled, in computers and other equipment. 4. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photocopy and related equipment, and office and accounting equipment. 5. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 6. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers' commissions on the sale of residential structures. 7. Excludes net purchases of used structures and brokers’ commissions on the sale of structures. Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. N ovem ber 2 0 1 0 S u r v e y o f C u r r e n t B u sin e ss D -4 3 Table 5.6.5B. Change in Private Inventories by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I III II Change in private in v e n to rie s ............................................................................................................. 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............................................................................................................. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 -41.1 1.6 -11.0 -11.3 -5.9 -5.4 1.8 8.3 -6.5 -27.7 -12.1 -0.4 -3.2 -12.0 5.5 -127.2 3.8 -3.3 -30.4 -34.2 3.8 -56.0 -52.7 -3.4 -33.8 -13.3 -0.7 -3.3 -16.6 -7.5 -143.3 -0.7 -2.0 -37.1 -41.3 4.3 -68.2 -53.1 -15.1 -27.5 -3.9 -0.7 -4.8 -18.1 -7.9 -44.2 7.1 -17.3 -7.0 -21.8 14.8 -10.9 -27.5 16.6 -9.5 6.5 -3.4 -1.1 -11.5 -6.6 50.0 9.3 -11.9 23.6 9.9 13.7 15.7 9.3 6.3 13.7 12.3 1.3 -0.2 0.3 -0.3 80.4 9.6 4.9 -2.1 25.0 -27.1 36.5 12.7 23.8 27.2 17.2 -1.1 4.9 6.2 4.3 130.2 7.5 2.9 26.9 20.9 6.0 58.5 28.9 29.6 32.2 25.7 0.5 3.4 2.6 2.2 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.................................................................................... 16 17 18 19 20 21 22 23 24 25 26 -41.1 -25.7 -15.4 -42.7 4.6 -47.4 1.8 0.5 6.3 -5.8 1.2 -127.2 -114.4 -12.8 -131.1 -152.7 21.6 -56.0 -45.2 -42.1 -3.0 -10.9 -143.3 -109.6 -33.7 -142.6 -134.6 -8.0 -68.2 -60.1 -44.7 -15.4 -8.1 -44.2 -60.2 16.0 -51.3 25.1 -76.3 -10.9 -8.0 -23.2 15.2 -2.9 50.0 26.7 23.2 40.7 93.6 -53.0 15.7 7.2 6.3 0.9 8.4 80.4 55.3 25.1 70.8 67.3 3.5 36.5 22.0 7.8 14.2 14.5 130.2 75.4 54.9 122.7 164.1 -41.4 58.5 44.3 21.0 23.2 14.3 1. This series is derived from the Census Bureau series “current cost inventories.” 2. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business incomes. The IVA in this table reflects the mix of methods (such as first-in, first-out and last-in, first-out) 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. Note. Estimates in this table are based on the North American Industry Classification System (NAICS). Table 5.6.6B. Change in Real Private Inventories by Industry, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I III II Change in private in v e n to rie s ............................................................................................................. 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...................................................................................................................... 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 -37.6 1.0 -9.6 -12.3 -4.8 -7.3 2.0 7.2 -4.4 -25.2 -11.9 -0.3 -3.0 -10.3 5.2 0.6 -113.1 3.4 -2.8 -26.6 -31.5 3.8 -48.9 -48.7 -2.2 -31.4 -13.0 -0.6 -3.0 -15.0 -6.9 3.4 -128.2 -0.6 -1.8 -32.6 -37.9 4.1 -59.3 -48.8 -11.9 -25.5 -3.8 -0.6 -4.4 -16.3 -7.3 1.1 -36.7 6.4 -15.7 -4.6 -20.0 13.8 -8.7 -24.9 13.9 -8.8 6.2 -2.9 -1.0 -10.3 -6.0 3.8 44.1 7.6 -10.4 21.0 8.9 11.9 13.2 8.3 4.9 12.6 11.9 1.1 -0.2 0.3 -0.2 0.0 68.8 7.8 4.3 -3.4 22.1 -24.4 31.2 11.4 19.0 24.9 16.6 -0.9 4.4 5.6 3.9 -1.0 115.5 5.9 2.6 23.9 18.6 5.5 51.1 25.9 24.7 29.3 24.4 0.4 3.1 2.4 2.0 0.0 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..................................................................................... 17 18 19 20 21 22 23 24 25 -37.6 -23.4 -14.7 -39.0 2.0 1.7 5.5 -3.3 0.4 -113.1 -106.7 -9.6 -116.9 -48.9 -39.5 -38.8 -2.1 -9.5 -128.2 -102.1 -28.5 -127.7 -59.3 -52.3 -41.0 -12.3 -6.9 -36.7 -55.6 16.3 -43.0 -8.7 -6.8 -20.9 12.3 -1.9 44.1 24.4 20.0 36.5 13.2 6.1 5.7 0.7 6.9 68.8 50.0 19.8 61.0 31.2 18.7 7.0 11.2 12.4 115.5 68.2 48.3 109.9 51.1 38.8 18.8 19.4 12.3 Note. Estimates in this table are based on the North American Industry Classification System (NAICS). Chained (2005) dollar series for real change in private inventories are calculated as the period-to-period change in chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. 44 N a tio n a l D a t a N ovem ber 2010 Table 5.7.5B. Private Inventories and Domestic Final Sales by Industry [Billions of dollars] Seasonally adjusted quarterly totals Line 2009 III 1 2 3 4 2010 IV I II III 13 14 15 1,886.7 174.6 85.8 576.1 324.6 251.5 440.1 242.2 197.9 461.4 133.8 41.3 77.5 208.9 148.7 1,922.8 178.8 85.7 593.7 321.6 272.1 449.5 238.0 211.5 465.9 137.1 41.8 77.7 209.3 149.1 1,954.7 188.8 86.8 597.5 328.7 268.8 458.0 242.9 215.1 472.8 141.2 43.0 78.0 210.6 150.9 1,952.6 186.1 86.3 588.4 336.3 252.1 461.1 246.6 214.5 479.0 146.9 41.8 79.4 210.8 151.7 2,042.7 220.5 87.7 602.8 340.8 262.0 489.2 254.2 234.9 490.3 154.3 42.3 80.8 212.9 152.2 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.................................................................................... 16 17 18 19 20 21 22 23 24 1,886.7 786.0 1,100.7 1,712.1 440.1 386.7 217.8 169.0 53.4 1,922.8 778.5 1,144.3 1,744.0 449.5 393.8 214.5 179.3 55.7 1,954.7 794.0 1,160.7 1,766.0 458.0 398.7 218.4 180.4 59.2 1,952.6 811.4 1,141.2 1,766.5 461.1 400.8 220.8 180.1 60.3 2,042.7 830.2 1,212.5 1,822.2 489.2 423.5 226.4 197.1 65.7 Final sales o f dom estic business 2 .................................................................................................... 25 782.9 786.6 790.1 795.9 801.8 Final sales o f goods and structures o f dom estic business 2...................................................... 26 408.5 407.7 408.5 410.2 412.0 Ratios o f private inventories to final sales o f dom estic business: Private inventories to final sales.................................................................................. Nonfarm inventories to final s a le s................................................................................ Nonfarm inventories to final sales of goods and structures................................................ 27 28 29 2.41 2.19 4.19 2.44 2.22 4.28 2.47 2.23 4.32 2.45 2.22 4.31 2.55 2.27 4.42 Private inventories 1 .............................................................................................................................. Farm........................................................................................................................... Mining, utilities, and construction....................................................................................... Manufacturing.................... Durable goods industries.... 5 Nondurable goods industries......................................................................................... Wholesale trade............................................................................................................ Durable goods industries.... 8 Nondurable goods industries......................................................................................... Retail trade....................... Motor vehicle and parts dealers..................................................................................... Food and beverage stores.. 12 General merchandise stores.......................................................................................... Other retail stores............ Other industries............................................................................................................. 6 7 9 10 11 1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in private inventories component of GDP The former is the difference between two inventory stocks, each valued at its respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at quarterly rates, whereas, the change in private inventories is stated at annual rates. 2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross output of general government, gross value added of nonprofit institutions, compensation paid to domestic workers, and imputed rental of owner-occupied nonfarm housing. It includes a small amount of final sales by farm and by government enterprises. Note. Estimates in this table are based on the North American Industry Classification System (NAICS). Table 5.7.6B. Real Private Inventories and Real Domestic Final Sales by Industry, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted quarterly totals Line 2009 III 1 2 3 2010 IV I II III 6 7 8 9 10 11 12 13 14 15 16 1,711.3 158.7 81.8 513.7 295.9 217.4 388.0 222.5 164.8 430.4 131.9 36.3 71.0 190.3 137.0 3.7 1,702.2 160.3 77.9 512.5 290.9 220.9 385.9 216.2 168.3 428.2 133.5 35.6 70.8 187.7 135.5 4.6 1,713.2 162.2 75.2 517.8 293.1 223.8 389.2 218.3 169.5 431.4 136.4 35.9 70.7 187.8 135.5 4.8 1,730.4 164.1 76.3 517.0 298.6 217.8 397.0 221.2 174.2 437.6 140.6 35.6 71.9 189.2 136.5 4.4 1,759.3 165.6 77.0 522.9 303.3 219.1 409.7 227.6 180.4 444.9 146.7 35.7 72.6 189.8 137.0 4.5 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.................................................................................... 17 18 19 20 21 22 23 24 25 1,711.3 730.0 978.2 1,552.1 388.0 340.4 199.6 140.2 47.6 1,702.2 716.1 982.3 1,541.4 385.9 338.8 194.3 143.2 47.1 1,713.2 722.2 987.3 1,550.5 389.2 340.3 195.8 143.4 48.8 1,730.4 734.7 992.2 1,565.8 397.0 345.0 197.5 146.2 51.9 1,759.3 751.8 1,004.3 1,593.3 409.7 354.6 202.2 151.1 55.0 Final sales of dom estic business 2 .................................................................................................... 26 726.6 732.2 734.7 735.1 735.0 Final sales o f g oods and stru ctu re s o f d om estic business 2...................................................... 27 388.8 393.2 396.3 395.4 392.4 Ratios o f private inventories to fin al sales of dom estic business: Private inventories to final sales..................................................................................... Nonfarm inventories to final sa le s................................................................................... Nonfarm inventories to final sales of goods and structures.................................................... 28 29 30 2.36 2.14 3.99 2.32 2.11 3.92 2.33 2.11 3.91 2.35 2.13 3.96 2.39 2.17 4.06 Private inventories 1 .............................................................................................................................. Farm........................................................................................................................... Mining, utilities, and construction....................................................................................... Manufacturing.................... 4 Durable goods industries.... 5 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...................................................................................................................... 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 imputed rental of owner-occupied nonfarm housing. It includes a small amount of final sales by farm and by government enterprises. Note. Estimates in this table are based on the North American Industry Classification System (NAICS). Chained (2005) dollar inventory series are calculated to ensure that the chained (2005) dollar change in inventories for 2005 equals the current-dollar change in inventories for 2005 and that the average of the 2004 and 2005 end-of-year chain-weighted and fixed-weighted inventories are equal. N ovem ber 20 1 0 S u r v e y o f C u r r e n t B u sin e ss D -4 5 Table 5.7.9B. Implicit Price Deflators for Private Inventories by Industry [Index numbers, 2005=100] Seasonally adjusted Line 2009 III 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 12 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.................................................................................... 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). 1 2 3 4 5 6 7 8 9 10 11 2010 IV II I III 13 14 15 110.247 110.010 104.852 112.151 109.695 115.691 113.419 108.860 120.134 107.194 101.404 113.723 109.095 109.757 108.529 112.964 111.544 110.114 115.838 110.578 123.179 116.497 110.080 125.704 108.803 102.745 117.529 109.789 111.482 110.017 114.098 116.377 115.324 115.392 112.134 120.103 117.682 111.270 126.893 109.610 103.500 119.917 110.220 112.169 111.353 112.843 113.388 113.092 113.819 112.626 115.761 116.168 111.513 123.121 109.453 104.513 117.334 110.532 111.435 111.156 116.108 133.128 113.972 115.274 112.387 119.552 119.382 111.675 130.228 110.197 105.179 118.396 111.210 112.205 111.124 16 17 18 19 20 21 22 23 24 110.247 107.663 112.525 110.306 113.419 113.593 109.108 120.546 112.218 112.964 108.717 116.494 113.147 116.497 116.250 110.346 125.205 118.292 114.098 109.939 117.566 113.894 117.682 117.178 111.536 125.786 121.292 112.843 110.436 115.017 112.821 116.168 116.198 111.771 123.150 116.146 116.108 110.432 120.728 114.368 119.382 119.403 111.942 130.460 119.428 N ovem ber 2010 N a tio n a l D a t a D -4 6 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 2008 2009 2009 2010 National incom e w ith o u t capital co nsum ption adjustm ent.. 12,444.2 12,173.0 12.144.1 12,354.4 12,706.6 12,818.4 Dom estic in d u s trie s ................................................................................... 12,269.7 12,026.8 11,976.9 12,188.8 12,515.4 12,623.1 Private in d u s trie s ........................................................................................ Agriculture, forestry, fishing, and hunting.................................. Mining............................................................................... Utilities... Construction....................................................................... Manufacturing..................................................................... Durable go o d s................................................................. Nondurable g o od s............................................................ Wholesale trade.................................................................. Retail trade................ Transportation and warehousing............................................. Information........................................................................ Finance, insurance, real estate, rental, and leasing..................... Professional and business services 1....................................... Educational services, health care, and social assistance.............. Arts, entertainment, recreation, accommodation, and food services. Other services, except government.......................................... 10,726.9 119.0 253.6 181.4 626.1 1,330.6 755.3 575.3 756.6 834.0 364.4 442.3 2,061.8 1,737.1 1,184.9 475.3 359.8 10,429.5 99.6 196.1 184.3 518.6 1.215.2 689.8 525.4 706.1 812.4 337.9 423.2 2.200.7 1.684.8 1.244.8 453.0 352.8 10.375.1 96.5 182.7 174.8 511.1 1.199.3 680.3 519.0 695.4 804.9 332.0 424.4 2,235.9 1.659.3 1.251.4 454.1 353.3 10,582.2 106.1 200.5 180.3 505.4 1.232.5 717.3 515.2 696.5 815.5 339.5 449.2 2,290.4 1,694.3 1.266.6 452.0 353.5 10,891.9 106.7 240.0 197.5 503.4 1,314.0 774.2 539.8 724.4 854.8 353.8 466.7 2,313.2 1,719.5 1.277.4 464.2 356.1 10,990.0 110.0 232.9 189.7 508.5 1,347.8 785.7 562.1 745.5 856.5 370.6 458.6 2,306.3 1,740.6 1,298.5 465.8 358.8 G ove rn m e n t.................................................................................................. 1,542.8 1.597.2 1,601.7 1,606.6 1.623.5 1,633.1 174.5 146.3 167.2 165.5 191.2 195.3 Rest o f the w o r ld . 1. Consists of professional, scientific, and technical services; management of companies and enterprises; and administrative and waste management services. Note. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS). Table 6.16D. Corporate Profits by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III 2010 IV I II III C orporate p ro fits w ith inventory valuation and capital co nsum ption a dju stm e nts............... 1 1,262.8 1,258.0 1,297.5 1,418.2 1,566.6 1,614.1 Dom estic in d u s trie s ........................................................................................................................................ Financial 1... Nonfinancial. 2 3 4 851.5 128.0 723.5 905.7 242.4 663.3 933.2 286.1 647.1 1,055.7 332.4 723.2 1,178.1 337.6 840.4 1,222.7 334.2 888.6 Rest o f the w orld 5 fi 7 411.3 571.8 160.5 352.3 480.6 128.3 364.2 487.8 123.6 362.6 529.1 166.5 388.5 561.4 172.9 391.3 557.5 166.1 Corporate p ro fits w ith inventory valuation a d ju stm e n t................................................................. 8 1,289.1 1,328.6 1,360.5 1,481.2 1,736.5 1,784.7 D om estic in d u s trie s ........................................................................................................................................ Financial.... Federal Reserve banks............................................................................................. Other financial2 ...................................................................................................... Nonfinancial. Utilities... ..................................................... Manufacturing......................................................................................................... Durable go od s..................................................................................................... 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 go ods................................................................................................ Food and beverage and tobacco products.............................................................. Petroleum and coal products................................................................................ Chemical products............................................................................................ Other nondurable goods 4................................................................................... Wholesale trade.......... Retail trade................ Transportation and warehousing................................................................................. 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 '•11 3? 877.8 139.9 35.1 104.9 737.9 28.3 183.7 51.4 16.6 15.6 8.9 3.6 -34.6 41.3 132.3 28.4 78.2 22.2 3.4 84.0 75.0 28.1 75.2 263.6 976.3 258.0 47.3 210.6 718.4 30.0 150.9 53.3 16.4 12.4 13.4 6.1 -23.5 28.5 97.5 35.4 15.7 36.4 10.1 80.4 99.0 24.7 83.5 250.0 996.2 300.2 49.2 251.0 696.0 22.4 151.8 55.0 14.4 11.4 12.9 5.6 -11.9 22.5 96.7 38.1 8.1 38.8 11.7 70.8 101.3 22.0 81.3 246.6 1,118.6 346.7 49.6 297.1 771.9 26.4 170.9 83.9 12.0 14.3 24.1 6.3 -4.6 31.8 87.0 31.5 9.7 35.1 10.7 73.0 97.1 29.5 109.0 266.0 1,348.0 362.7 56.9 305.8 985.3 41.5 250.4 140.1 17.4 19.9 44.8 9.2 5.7 43.2 110.3 36.6 33.5 28.7 11.6 91.5 129.1 39.4 112.9 320.4 1,393.4 359.4 60.3 299.1 1,034.0 32.8 277.1 147.0 17.0 23.3 51.2 9.6 8.4 37.6 130.1 35.1 55.2 30.6 9.2 107.7 126.7 52.4 104.9 332.5 33 411.3 352.3 364.2 362.6 388.5 391.3 1. Consists of finance and insurance and bank and other holding companies. 2. Consists of credit intermediation and related activities; securities, commodity contracts, and other financial investments and related activities; insurance carriers and related activities; funds, trusts, and other financial vehicles; and bank and other holding companies. 3. Consists of wood products; nonmetallic mineral products; primary metals; other transportation equipment; furniture and related products; and miscellaneous manufacturing. 4. Consists of textile mills and textile product mills; apparel; leather and allied products; paper products; printing and related support activities; and plastics and rubber products. 5. Consists of agriculture, forestry, fishing, and hunting; mining; construction; real estate and rental and leasing; professional, scientific, and technical services; administrative and waste management services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services, except government. Note. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS). N ovem ber 2 0 1 0 S u r v e y o f C u r r e n t B u sin e ss D -4 7 7. S upplem ental Tables Table 7.1. Selected Per Capita Product and Income Series in Current and Chained Dollars [Dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 Current dollars: Gross domestic product............................................................................................... Gross national product Personal income....... Disposable personal income......................................................................................... Personal consumption expenditures................................................................................ Goods................................................................................................................... Durable go od s... Nondurable go ods................................................................................................ Services................................................................................................................ Chained (2005) dollars: Gross domestic product............................................................................................... Disposable personal income......................................................................................... Personal consumption expenditures................................................................................ G o ods.......................... Durable go od s............ Nondurable go od s....... Services....................... Population (midperiod, thousands)..................................................................................... 2010 IV III I II III 1 2 3 4 5 6 7 8 9 47,138 47,710 40,649 35,931 33,148 11,087 3,554 7,532 22,061 45,918 46,394 39,595 35,888 32,526 10,507 3,338 7,169 22,019 45,855 46,398 39,517 35,888 32,619 10,643 3,395 7,248 21,976 46,277 46,813 39,670 36,049 32,839 10,738 3,384 7,354 22,101 46,734 47,352 39,953 36,282 33,097 10,934 3,431 7,503 22,162 47,070 47,701 40,274 36,602 33,208 10,905 3,468 7,437 22,304 40,392 36,657 33,425 10,981 3,492 7,489 22,444 47,449 10 11 12 13 14 15 16 17 18 43,397 43,922 32,946 30,394 10,433 3,728 6,696 19,953 304,831 41,890 42,327 32,847 29,770 10,139 3,560 6,561 19,619 307,483 41,781 42,278 32,746 29,763 10,195 3,633 6,552 19,559 307,815 42,198 42,688 32,673 29,764 10,216 3,614 6,587 19,541 308,521 42,504 43,067 32,717 29,844 10,337 3,684 6,643 19,506 309,120 42,602 43,176 33,009 29,948 10,405 3,738 6,662 19,544 309,724 32,976 30,069 10,453 3,786 6,668 19,618 310,442 42,715 Table 7.2.1 B. Percent Change from Preceding Period in Real Motor Vehicle Output [Percent] Seasonally adjusted at annual rates Line 2008 2009 2009 Motor vehicle o u tp u t......................................................................................................................... Auto output...................................................................................................... Truck output..................................................................................................... 1 2 3 Final sales o f dom estic pro du ct................................................................................................................... Personal c onsum ption 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)................................................................. 2010 IV III I 145.5 65.6 214.6 13.7 21.4 9.3 III II 42.3 69.7 27.5 -2.7 -18.2 8.4 21.2 -33.8 67.1 -18.6 -7.0 -25.5 -24.7 -33.0 -18.5 4 -17.9 -19.2 9.6 -16.6 45.4 -4.1 4.4 5 6 7 8 9 10 11 -15.0 -19.5 -10.4 -25.9 -6.1 -5.6 -6.5 -6.9 -11.5 -16.6 -7.1 1.3 -5.1 6.6 52.0 109.5 259.6 35.7 -9.7 -6.2 -12.2 -24.6 -31.8 -57.2 -0.4 -10.6 -4.0 -15.3 -3 .8 -6.6 -12.3 -2.2 0.9 0.4 1.2 6.3 10.8 -15.8 33.2 -0.5 -9.4 6.8 0.5 -2.5 0.1 -4.0 5.3 4.4 5.9 Private fixed in v e s tm e n t............................................................................................................................ 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)................................................................. 12 13 14 15 16 17 18 19 20 -30.6 -20.6 -14.0 -24.7 -24.8 -24.5 -0.5 2.6 -3.3 -61.7 -33.4 -26.9 -38.0 -39.4 -33.5 8.6 2.3 14.5 -26.0 31.8 18.2 44.4 44.1 45.0 83.6 34.3 137.2 216.0 52.0 54.1 50.3 44.2 69.9 2.5 72.1 -34.4 377.2 42.7 63.0 27.4 37.1 1.9 -38.1 -40.7 -35.6 113.6 20.0 7.2 32.0 43.9 -0.7 -31.4 -46.0 -15.1 41.8 24.0 2.2 44.5 42.5 51.4 6.5 -13.2 25.7 Gross governm ent investm ent................................................................................................................. Autos.................................................................................................................... Trucks................................................................................................................... 21 22 23 2.2 -5.7 4.5 -20.0 -18.6 -20.4 46.1 55.4 43.6 -22.9 -11.0 -26.0 -32.3 -46.4 -27.9 78.3 171.8 59.0 14.2 -23.2 27.2 Exports................................................................................................................. Autos................................................................................................................ Trucks................................................................................................................ Imports................................................................................................................. Autos................................................................................................................ Trucks................................................................................................................ ?4 2b 26 27 28 29 30 6.4 16.7 -4.8 -11.7 -0.8 -22.0 -39.2 -44.2 -32.5 -34.5 -29.1 -40.9 160.7 145.4 178.9 269.7 300.5 228.4 81.9 78.9 85.3 48.9 26.5 88.9 42.4 25.5 62.4 -12.2 -38.5 37.0 8.6 6.3 11.0 118.3 156.0 81.0 -11.6 -7.5 -15.5 9.9 62.6 -35.4 -18.9 -20.0 -4.4 -10.4 -21.3 -33.4 -40.9 -16.5 38.6 29.7 247.3 99.1 -9.2 49.3 58.4 -32.5 23.4 50.3 8.8 29.4 24.7 23.3 14.5 -2.1 8.9 20.5 -5.5 8.0 31 V 33 34 3S 38 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 au to s2 ..................................................................................... Sales of imported new autos 3....................................................................................... 42 43 44 45 1. Consists of used light trucks only. 2. Consists of final sales and change in private inventories of new autos assembled in the United States. 3. Consists of sales of imported new autos in personal consumption expenditures, in private fixed investment, and in gross government investment. D -4 8 N a t io n a l D a t a Table 7.2.3B. Real Motor Vehicle Output, Quantity Indexes [Index numbers, 2005=100] N ovem ber 20 1 0 Table 7.2.4B. Price Indexes for Motor Vehicle Output [Index numbers, 2005=100] Seasonally adjusted Line 2008 2009 2009 Seasonally adjusted Line 2010 III IV I II 2008 2009 III 2009 III 2010 IV I II III M otor vehicle o u tp u t...... Auto output............... Truck output.............. 1 2 3 80.384 93.832 72.682 60.568 62.905 59.266 66.657 67.468 66.204 68.836 70.822 67.694 75.184 80.831 71.937 74.677 76.874 73.405 78.361 69.338 83.454 Motor vehicle o u tp u t..... Auto output............... Truck output.............. 1 2 3 96.481 98.347 95.374 97.984 99.990 96.785 98.580 100.074 99.918 100.265 100.282 99.824 101.879 101.543 101.430 100.810 99.054 99.005 99.632 97.869 99.982 Final sales o f d om estic product 4 81.931 66.201 67.403 64.421 70.738 70.009 70.766 Final sales of dom estic product 4 96.494 98.055 98.687 Personal consu m p tion exp e n d itu re s ........................ 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).................. 77.640 67.926 73.285 82.996 75.946 89.521 77.333 69.025 72.423 76.596 67.862 70.086 77.767 69.630 67.142 83.389 76.757 87.900 8 69.341 64.428 66.892 66.828 66.457 71.394 70.663 97.989 90.487 99.272 85.912 98.374 84.847 95.646 83.989 95.852 84.083 95.740 82.023 96.982 82.912 9 10 11 105.307 112.286 111.543 106.999 107.314 109.092 110.675 12 13 14 15 68.035 81.892 91.636 76.224 26.089 54.524 66.992 47.265 23.802 55.644 68.432 48.195 31.736 61.783 76.243 53.363 46.905 67.525 86.142 56.694 56.705 70.670 87.659 60.769 61.884 74.576 88.133 66.622 16 17 82.802 59.633 50.179 39.659 51.788 39.011 56.747 44.540 61.407 44.747 67.262 44.664 73.488 49.540 18 114.604 124.472 19 109.481 111.991 134.795 135.620 120.272 115.388 132.160 115.954 109.462 99.409 111.207 95.949 20 119.802 137.171 154.579 139.126 124.652 119.667 126.701 Private fixe d in v e s tm e n t....... 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).................. G ross governm ent in vestm ent............................ Autos............................. Trucks............................ 21 115.340 22 103.983 23 118.709 92.217 84.660 94.452 81.028 73.184 83.321 93.634 93.966 93.563 Net e xpo rts................................ Exports.......................... Autos......................... Trucks......................... Imports.......................... Autos......................... Trucks......................... ?4 2b 144.791 26 179.117 27 115.220 28 93.760 29 108.106 30 80.788 93.664 108.782 118.823 88.096 99.929 106.239 122.875 130.049 77.803 82.728 96.515 108.950 61.443 70.024 77.347 74.877 84.106 76.635 89.539 94.956 66.492 47.730 52.426 61.463 121.311 132.066 111.828 91.011 106.388 77.120 Change in private in v e n to rie s ... Autos................................ Foreign....................... Domestic.................... 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 77.866 69.196 67.153 5 6 7 95.330 88.066 97.470 89.332 85.528 90.416 99.688 100.073 100.144 b 96.507 95.952 96.319 98.966 100.025 100.713 101.260 6 96.765 97.784 98.035 99.754 99.401 99.599 100.148 7 100.018 100.991 100.789 102.678 102.124 101.984 102.110 8 94.456 9 10 96.103 95.867 11 96.306 12 100.432 13 99.104 14 100.020 15 98.553 95.514 96.074 97.688 93.008 92.812 93.521 93.052 97.677 100.961 102.426 102.968 97.245 100.713 101.954 101.249 97.474 97.887 98.694 93.178 93.901 98.036 101.180 102.812 104.269 18 19 96.301 96.349 91.078 91.488 90.437 91.036 97.219 101.469 102.878 97.594 101.713 103.176 20 96.258 90.716 89.915 96.889 101.264 102.624 104.615 96.798 87.973 99.355 Gross governm ent in vestm en t............................ Autos............................. Trucks ............................ 21 104.928 108.782 109.436 109.399 108.414 108.745 110.175 22 105.161 111.414 113.053 111.570 107.200 106.157 107.325 23 104.865 108.089 108.486 108.849 108.778 109.490 110.994 117.627 129.507 107.207 93.195 120.131 69.147 Net e x p o rts ................................ Exports.......................... Autos.......................... Trucks......................... Imports........................... Autos.......................... Trucks......................... ?4 2b 26 27 28 29 30 11 Change in private inventories. .. Autos................................. New............................... Foreign........................ Foreign........................ 79.898 62.898 65.878 64.314 67.784 71.625 73.176 43 86.819 44 92.974 45 103.009 57.815 54.951 86.005 59.349 63.294 95.738 65.601 71.006 86.788 72.633 72.524 92.563 76.537 75.019 92.062 80.183 73.960 93.843 1. Consists of used light trucks only. 2. Consists of final sales and change in private inventories of new autos assembled in the United States. 3. Consists of sales of imported new autos in personal consumption expenditures, in private fixed investment, and in gross government investment. 99.962 Private fixe d investm ent......... 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).................. 33 34 3S 36 37 38 39 40 41 42 Personal consum ption e xp e n d itu re s ........................ New motor vehicles........... Autos.......................... Light trucks (including utility vehicles).......... Net purchases of used autos and used light trucks...... Used a uto s.................. Used light trucks (including utility vehicles).................. 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 au to s3 111.128 113.420 103.652 96.597 95.147 95.660 100.402 100.620 102.183 101.907 102.139 102.778 101.089 100.990 102.767 102.206 102.067 102.189 100.027 100.499 101.885 101.851 102.398 103.450 16 94.794 95.732 96.318 97.895 97.668 98.096 98.901 17 110.638 114.018 114.126 114.835 115.493 116.491 118.507 102.602 101.866 103.435 103.411 103.121 103.671 103.194 102.137 104.420 103.728 103.040 104.519 97.895 99.218 103.072 102.024 104.237 103.823 103.280 104.223 104.889 105.212 103.435 102.257 104.732 104.124 103.400 104.756 103.708 102.511 105.025 103.968 102.919 105.015 104.028 102.668 105.513 104.200 102.941 105.498 104.131 102.863 105.522 105.046 102.855 107.653 99.807 100.885 100.571 100.915 101.256 31 V 33 34 3S 38 37 38 39 40 41 42 43 97.085 98.085 98.326 100.004 99.605 99.740 100.205 44 100.767 102.350 102.052 102.786 102.047 101.816 101.788 45 100.018 100.997 100.835 102.667 102.115 101.976 102.100 1. Consists of used light trucks only. 2. Consists of final sales and change in private inventories of new autos assembled in the United States. 3. Consists of sales of imported new autos in personal consumption expenditures, in private fixed investment, and in gross government investment. S u r v e y o f C u r r e n t B u sin e ss N ovem ber 2 0 1 0 Table 7.2.5B. Motor Vehicle Output [Billions of dollars] D -4 9 Table 7.2.6B. Real Motor Vehicle Output, Chained Dollars [Billions of chained (2005) dollars] Seasonally adjusted at annual rates Line 2008 2009 2009 III Seasonally adjusted at annual rates 2010 IV I II Line 2008 2009 III 2009 III 2010 IV I II III Motor vehicle o u tp u t...... Auto output............... Truck output.............. 1 2 3 325.0 138.7 186.3 248.9 94.7 154.3 275.1 101.3 173.9 288.5 108.4 180.1 314.8 123.5 191.3 313.7 117.3 196.4 329.3 105.1 224.1 M otor vehicle output Auto output............... Truck output.............. 1 2 3 336.8 141.0 195.3 253.7 94.5 159.2 279.3 101.4 177.9 288.4 106.4 181.9 315.0 121.5 193.3 312.9 115.5 197.2 328.3 104.2 224.2 Final sales o f d om estic product 4 334.1 274.3 281.2 272.3 298.2 296.2 299.6 Final sales o f d om estic product 4 346.2 279.7 284.8 272.2 298.9 295.8 299.0 5 6 7 301.5 191.0 85.7 280.7 169.1 71.4 300.1 189.0 87.2 279.6 171.8 70.6 277.0 168.9 68.3 281.2 173.3 65.4 281.6 172.2 65.4 Personal co nsum ption e xp e n d itu re s........................ 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).................. b 6 7 291.0 184.9 85.7 269.4 165.3 72.1 289.0 185.2 87.9 276.7 171.3 72.4 277.0 167.8 69.7 283.2 172.6 66.7 8 99.2 93.2 97.3 98.9 98.1 105.8 105.6 9 10 106.1 48.3 104.1 44.4 103.8 44.0 105.4 45.5 109.2 47.2 110.7 46.6 112.7 46.8 11 57.8 59.7 59.8 59.9 62.0 64.1 65.9 12 13 14 15 101.1 172.8 71.3 101.6 42.9 116.6 52.7 63.9 40.1 119.1 53.7 65.4 48.9 134.3 60.9 73.4 67.3 146.4 68.4 78.0 80.6 153.6 69.5 84.1 87.5 163.1 70.0 93.1 16 17 77.5 24.0 47.5 16.5 49.2 16.2 54.8 18.6 59.2 18.8 65.1 18.9 71.7 21.4 18 19 -71.7 -34.5 -73.7 -33.5 -79.0 -34.2 -85.4 -42.0 -79.1 -38.4 -73.0 -33.4 -75.6 -32.9 20 -37.2 -40.1 -44.8 -43.4 -40.7 -39.6 Private fixe d in ve s tm e n t........ 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).................. G ross governm ent investm ent............................. Autos............................. Trucks............................ 21 22 23 18.3 3.8 14.5 15.1 3.3 11.9 15.8 3.4 12.3 14.8 3.3 11.5 13.3 2.7 10.6 Net e xpo rts................................ Exports.......................... Autos......................... Trucks......................... Imports.......................... Autos......................... Trucks......................... 24 25 26 27 28 29 30 -76.3 65.3 37.2 28.1 141.6 77.5 64.1 -53.1 40.0 20.8 19.1 93.1 54.9 38.2 -63.7 42.4 22.1 20.3 106.1 64.3 41.8 -68.1 49.5 25.7 23.8 117.6 68.3 49.3 Change in private in v e n to rie s ... Autos................................ N ew .............................. Domestic.................... Foreign....................... U sed............................. Trucks............................... N ew .............................. Domestic.................... Foreign....................... Used 1........................... 31 32 33 34 35 36 37 38 39 40 41 -9.1 4.5 6.2 4.2 2.0 -1.7 -13.6 -13.1 -14.2 1.0 -0.5 -25.4 -10.1 -12.5 -9.2 -3.3 2.4 -15.2 -16.6 -12.9 -3.7 1.4 -6.1 -11.4 -14.8 -10.4 -4.4 3.5 5.3 -1.3 1.6 -3.0 6.6 42 410.4 327.4 43 44 45 148.8 101.1 89.0 100.1 60.6 75.0 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 3 285.1 172.4 66.8 8 105.0 97.6 101.3 101.2 100.6 108.1 107.0 9 10 110.4 50.4 111.9 47.8 110.9 47.2 107.8 46.8 108.0 46.8 107.9 45.7 109.3 46.2 11 60.1 64.0 63.6 61.0 61.2 62.2 63.1 12 13 14 15 100.7 174.4 71.3 103.0 38.6 116.1 52.1 63.9 35.2 118.5 53.2 65.2 47.0 131.6 59.3 72.1 69.4 143.8 67.0 76.6 83.9 150.5 68.2 82.2 91.6 158.8 68.5 90.1 16 17 81.8 21.7 49.6 14.4 51.2 14.2 56.1 16.2 60.7 16.3 66.4 16.3 72.6 18.0 18 19 -74.5 -35.8 -80.9 -36.7 -87.6 -37.8 -88.1 -43.3 -78.2 -38.0 -71.1 -32.5 -72.3 -31.4 -42.7 Private fixe d investm ent 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).................. 20 -38.6 -44.3 -49.9 -44.9 -40.2 -38.6 -40.9 15.4 3.4 11.9 16.1 3.3 12.8 G ross governm ent in vestm en t............................ Autos............................. Trucks ............................ 21 22 23 17.4 3.6 13.8 13.9 2.9 11.0 14.4 3.0 11.4 13.5 3.0 10.5 12.2 2.5 9.7 14.1 3.2 10.9 14.6 3.0 11.6 -59.5 54.2 27.2 27.0 113.6 60.2 53.4 -82.9 55.5 27.7 27.8 138.4 76.2 62.2 -89.1 53.8 27.2 26.6 142.9 85.9 56.9 Net e x p o rts ................................ Exports.......................... Autos.......................... Trucks........................ Imports........................... Autos.......................... Trucks........................ 24 25 26 27 28 29 30 -73.3 63.7 36.6 27.1 136.9 75.2 61.8 -51.0 38.7 20.4 18.3 89.7 53.3 36.5 -61.1 41.2 21.7 19.5 102.3 62.3 40.1 -65.1 47.8 25.1 22.7 113.0 66.1 47.0 -57.1 52.2 26.6 25.7 109.4 58.5 50.9 -79.6 53.3 27.0 26.3 132.9 74.0 59.0 -84.4 51.7 26.4 25.3 136.1 83.6 52.9 16.3 11.0 2.0 2.7 -0.7 9.0 5.3 0.0 -1.7 1.7 5.3 16.6 6.8 2.0 2.5 -0.5 4.8 9.8 9.1 8.1 1.0 0.6 17.5 12.9 13.1 7.3 5.8 -0.2 4.6 5.4 4.0 1.4 -0.9 29.6 10.0 10.2 6.5 3.7 -0.3 19.7 19.5 19.0 0.6 0.1 Change in private inventories. .. Autos................................. New............................... Domestic..................... Foreign........................ U se d ............................. Trucks.. New. Domestic..................... Foreign........................ Used 1............................ Residual................................ 31 32 33 34 35 36 37 38 39 40 41 42 -9.3 4.5 6.0 4.0 1.9 -1.7 -13.9 -13.3 -14.4 1.0 -0.5 0.8 -25.5 -10.1 -12.0 -8.8 -3.2 2.5 -15.4 -16.6 -12.9 -3.6 1.4 -0.4 -5 .6 -11.1 -14.1 -9.9 -4.2 3.8 5.6 -1.2 1.8 -2.9 7.2 0.1 16.5 11.0 1.9 2.6 -0.7 9.3 5.4 0.0 -1.6 1.6 5.4 0.6 16.2 6.6 1.9 2.4 -0.5 4.8 9.6 9.0 7.9 1.0 0.6 1.0 17.1 12.5 12.7 7.1 5.7 -0.2 4.5 5.4 4.0 1.4 -0.8 0.1 28.8 9.6 9.9 6.3 3.6 -0.3 19.3 19.4 18.8 0.6 0.1 0.9 344.9 340.4 357.6 379.2 388.7 43 419.2 330.0 345.6 337.4 355.6 375.8 383.9 102.9 69.6 83.3 115.7 78.6 76.9 127.6 79.7 81.6 134.6 82.3 81.1 141.7 81.1 82.7 44 45 46 153.3 100.2 89.0 102.1 59.2 74.3 104.8 68.2 82.7 115.8 76.5 74.9 128.2 78.2 79.9 135.1 80.9 79.5 141.6 79.7 81.0 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 sales of imported new autos in personal consumption expenditures, in private fixed investment, and in gross government investment. Personal consum ption e xp e n d itu re s ........................ 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).................. Addenda: Final sales of motor vehicles to domestic purchasers.......... Private fixed investment in new autos and new light trucks.... Domestic output of new autos 2 Sales of imported new autos 3 1. Consists of used light trucks only. 2. Consists of final sales and change in private inventories of new autos assembled in the United States. 3. Consists of sales of imported new autos in personal consumption expenditures, in private fixed investment, and in gross government investment. Note. Chained (2005) dollar series are calculated as the product of the chain-type quantity index and the 2005 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 -5 0 B . N ovem ber 2010 N I P A - R e l a t e d T a b le B . l r e le a s e d o n p r e s e n t s N o v e m T a b le t h e b e r m 1 , o s t r e c e n t e s t im a t e s o f p e r s o n a l i n c o m e a n d it s d i s p o s i t i o n . T h e s e e s t im a t e s w e r e 2 0 1 0 . Table B.1 Personal Income and Its Disposition [Billions of dollars; monthly estimates seasonally adjusted at annual rates] 2009 2008 Aug. Personal In co m e....................................................................... 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...................................................... 2010 2009 Sept. Oct. Nov. Dec. Jan. Feb. March April May June July r Aug. r Sept.p 12,391.1 12,174.9 12,173.8 12,169.7 12,178.7 12,237.4 12,300.7 12,324.3 12,337.2 12,389.4 12,443.6 12,488.2 12,489.7 12,508.8 12,563.2 12,546.4 7,792.9 7,813.1 7,838.7 7,842.4 7,855.0 7,851.0 7,868.3 7,899.1 8,065.8 7,806.7 7,810.1 7,934.7 7,927.2 7,955.6 7,975.2 7,976.1 6,559.0 6,274.1 6,274.5 6,257.6 6,272.1 6,291.2 6,291.5 6,291.3 6,284.8 6,298.1 6,325.0 6,356.0 6,346.6 6,371.1 6,386.5 6,385.0 5,415.1 5,097.2 5,116.2 5,116.7 5,107.6 5,099.7 5,110.5 5,134.9 5,160.1 5,100.5 5,098.0 5,084.1 5,153.2 5,179.2 5,202.8 5,206.1 1,207.6 1,064.0 1,050.9 1,043.5 1,040.8 1,050.5 1,046.9 1,037.4 1,028.8 1,030.3 1,035.4 1,050.0 1,039.3 1,046.2 1,052.9 1,051.3 741.2 661.5 651.8 649.7 652.0 662.3 660.6 655.6 651.0 651.3 654.8 658.4 666.8 663.8 666.1 665.1 4,207.4 4,036.6 4,047.2 4,040.6 4,056.4 4,065.7 4,069.8 4,070.1 4,070.8 4,080.2 4,099.5 4,110.1 4,113.9 4,133.0 4,149.8 4,154.8 989.4 1,050.9 988.8 988.9 988.2 987.9 986.4 990.5 987.6 989.6 995.8 998.6 1,004.2 1,006.5 996.0 1,001.7 3,058.4 3,051.2 3,067.6 3,077.5 3,082.2 3,082.2 3,084.4 3,090.6 3,103.6 3,111.5 3,117.9 3,131.2 3,145.6 3,148.2 3,156.6 3,046.1 1,144.0 1,174.8 1,175.1 1,183.7 1,185.2 1,187.6 1,183.7 1,173.6 1,176.4 1,173.5 1,174.8 1,190.1 1,195.9 1,193.4 1,191.9 1,178.9 Supplements to wages and salaries........................... Employer contributions for employee pension and insurance funds.............................................. Employer contributions for government social insurance...................................................... 1,506.8 1,532.6 1,535.7 1,535.2 1,541.1 1,547.5 1,550.9 1,563.7 1,566.1 1,570.2 1,574.1 1,578.7 1,580.6 1,584.5 1,588.7 1,591.1 1,036.6 1,072.0 1,073.9 1,074.7 1,079.7 1,084.1 1,088.1 1,093.1 1,095.8 1,098.5 1,100.7 1,103.1 1,105.5 1,107.8 1,110.2 1,112.9 470.1 460.6 461.8 460.6 461.4 463.4 462.8 470.6 470.3 471.7 473.3 475.6 475.1 476.7 478.4 478.2 Proprietors’ income with IVA and C C A dj......................... Farm................................................................... Nonfarm......................... 1,102.0 50.8 1,051.2 1,011.9 30.5 981.5 1,007.9 27.5 980.4 1,008.3 29.9 978.4 1,015.7 34.0 981.8 1,025.2 36.7 988.5 1,025.3 38.0 987.3 1,027.0 37.4 989.7 1,028.0 36.8 991.2 1,037.2 36.2 1,001.0 1,049.2 37.6 1,011.6 1,051.7 38.9 1,012.7 1,048.3 40.3 1,008.0 1,049.9 45.0 1,004.9 1,060.4 49.8 1,010.6 1,066.0 54.6 1,011.5 Rental income of persons with C CA dj............................ 222.0 274.0 279.4 281.5 283.0 283.0 282.3 287.4 292.5 298.0 298.1 298.8 299.6 302.1 305.2 308.9 Personal income receipts on assets.............................. Personal interest income... Personal dividend incom e... 2,109.3 1,314.7 794.6 1,919.7 1,222.3 697.4 1,889.3 1,213.2 676.2 1,878.5 1,203.7 674.8 1,870.7 1,197.0 673.7 1,880.8 1,203.7 677.1 1,915.9 1,216.6 699.3 1,913.3 1,212.6 700.7 1,916.1 1,208.7 707.4 1,903.8 1,204.7 699.0 1,911.1 1,205.0 706.0 1,915.0 1,205.3 709.7 1,917.3 1,205.6 711.8 1,907.4 1,194.4 713.1 1,896.7 1,183.2 713.5 1,891.0 1,172.0 719.0 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.......... 1,879.2 1,842.6 2,132.8 2,096.8 2,159.3 2,123.5 2,179.0 2,143.2 2,168.6 2,132.8 2,185.7 2,149.9 2,210.5 2,174.7 2,228.7 2,192.1 2,236.3 2,199.7 2,271.4 2,234.7 2,279.0 2,242.3 2,285.4 2,248.4 2,293.8 2,256.5 2,293.6 2,256.2 2,328.7 2,291.4 2,307.2 2,270.2 1,068.3 50.7 723.6 36.7 987.2 1,164.5 128.6 803.7 36.0 970.3 1,166.6 150.7 806.2 35.8 972.2 1,184.2 148.6 810.4 35.8 970.4 1,183.3 135.9 813.5 35.8 972.5 1,184.7 144.3 820.9 35.8 976.0 1,198.4 150.1 826.2 35.8 975.8 1,187.3 143.3 861.6 36.6 987.3 1,190.7 138.2 870.8 36.6 986.7 1,195.9 156.8 882.1 36.7 989.3 1,207.9 137.2 897.2 36.7 992.9 1,207.9 137.1 903.4 37.0 997.4 1,208.6 136.1 911.9 37.2 996.5 1,219.5 121.6 915.1 37.4 999.9 1,221.5 147.5 922.4 37.3 1,002.9 1,229.3 120.7 920.1 37.0 1,002.8 1,438.2 1,140.0 1,120.4 1,118.3 1,117.1 1,117.8 1,116.8 1,133.1 1,133.6 1,137.4 1,135.0 1,139.7 1,137.2 1,154.1 1,160.6 1,164.1 Less: Personal current taxes................................................. Equals: Disposable personal in com e .................................. 10,952.9 11,034.9 11,053.4 11,051.4 11,061.5 11,119.6 11,183.9 11,191.2 11,203.6 11,252.1 Less: Personal o u tla y s ............................................................ 10,505.0 10,379.6 10,485.2 10,420.9 10,478.4 10,502.3 10,536.4 10,554.0 10,602.9 10,654.6 10,652.6 10,670.4 10,668.1 Personal consumption expenditures.............................. G o ods........................... Durable g o o d s............. Nondurable go od s........ Services............................................................. Personal interest payments1 ... Personal current transfer payments............................... To government................ To the rest of the world (net) 10,104.5 10,001.3 10,102.1 10,037.0 10,098.0 10,128.2 10,168.4 10,182.8 10,229.9 10,279.7 10,275.2 10,292.1 10,288.8 10,335.9 10,388.4 10,405.7 3,379.5 3,230.7 3,336.6 3,259.5 3,289.3 3,322.6 3,327.0 3,346.8 3,375.3 3,417.9 3,396.4 3,374.8 3,361.2 3,384.2 3,416.7 3,426.3 1,097.2 1,008.2 1,089.0 1,083.5 1,026.5 1,031.8 1,048.2 1,051.8 1,041.0 1,052.2 1,078.1 1,074.6 1,069.5 1,081.0 1,081.5 1,089.6 2,296.0 2,204.2 2,239.4 2,251.3 2,257.5 2,274.4 2,275.2 2,305.8 2,323.1 2,328.9 2,318.3 2,300.1 2,291.7 2,303.1 2,335.1 2,336.7 6,854.6 6,861.8 6,878.8 6,917.3 6,927.6 6,951.7 6,971.7 6,979.4 6,725.0 6,770.6 6,765.5 6,777.5 6,808.7 6,805.6 6,841.4 6,836.1 221.2 246.2 221.6 214.5 207.7 203.8 205.2 216.8 201.1 202.5 205.6 206.0 206.5 202.7 198.8 195.0 169.2 169.7 154.3 161.4 161.9 162.3 165.9 166.4 166.9 168.7 171.7 173.4 172.3 172.8 172.8 174.0 95.6 97.4 98.5 89.7 95.0 96.0 96.5 96.9 97.9 99.0 99.5 100.1 101.8 102.4 100.6 101.2 70.7 70.7 64.6 66.5 66.3 66.3 69.5 69.5 69.5 70.7 72.2 72.2 72.2 71.6 71.6 71.6 11,308.6 11,348.5 11,352.5 11,354.7 11,402.6 11,382.3 10,711.4 10,760.6 10,774.7 Equals: Personal s a v in g ......................................................... 447.9 655.3 568.2 630.5 583.1 617.4 647.5 637.2 600.6 597.4 656.0 678.1 684.4 643.4 642.0 607.6 Personal saving as percentage o f disposable personal in com e ..................................................................................... 4.1 5.9 5.1 5.7 5.3 5.6 5.8 5.7 5.4 5.3 5.8 6.0 6.0 5.7 5.6 5.3 9,638.5 9,191.1 9,132.8 9,098.7 9,091.2 9,108.9 9,128.6 9,110.5 9,111.8 9,112.9 9,205.5 9,203.6 9,203.4 9,200.0 Addenda: Personal income excluding current transfer receipts: Billions of chained (2005) dollars .............................. 9,157.5 9,200.0 10,042.9 10,099.8 10,080.2 10,064.7 10,046.2 10,076.7 10,118.1 10,099.3 10,106.5 10,134.3 10,188.1 10,233.1 10,249.7 10,230.3 10,253.8 10,227.1 35,931 32,946 304,831 35,888 32,847 307,483 35,909 32,748 307,815 35,873 32,670 308,068 35,879 32,585 308,304 36,041 32,661 308,526 36,225 32,773 308,733 36,226 32,691 308,930 36,244 32,695 309,119 36,378 32,764 309,312 36,537 32,917 309,509 36,642 33,040 309,718 36,627 33,069 309,946 36.606 32,981 310,185 36,731 33,030 310,439 36,634 32,916 310,702 9,265.0 3,180.3 1,136.4 2,041.2 6,082.3 109.060 9,153.9 3,117.4 1,094.6 2,017.4 6,032.7 109.260 9,212.7 3,192.6 1,176.5 2,019.1 6,020.0 109.654 9,140.8 3,111.6 1,077.9 2,025.7 6,025.2 109.804 9,171.1 3,136.6 1,101.1 2,029.8 6,031.3 110.107 9,178.2 3,160.1 1,119.0 2,036.9 6,016.4 110.350 9,199.3 3,158.6 1,125.2 2,030.3 6,038.4 110.534 9,189.3 3,159.9 1,116.5 2,038.7 6,027.4 110.812 9,228.2 3,193.0 1,131.0 2,057.7 6,034.6 110.855 9,258.6 3,233.3 1,169.2 2,064.0 6,026.7 111.029 9,257.2 3,223.7 1,159.1 2,063.4 6,034.4 110.997 9,280.5 3,221.8 1,158.2 2,062.3 6,058.9 110.900 9,289.3 3,222.3 1,156.2 2,064.4 6,066.9 110.760 9,312.4 3,231.9 1,171.8 2,060.5 6,080.6 110.990 9,341.7 3,249.2 1,172.0 2,076.6 6,093.2 111.204 9,349.6 3,253.8 1,181.8 2,072.8 6,096.6 111.296 Personal incom e, current d o lla rs .......................................... 4.0 -1.7 0.2 0.0 0.1 0.5 0.5 0.2 0.1 0.4 0.4 0.4 0.0 0.2 0.4 -0.1 Disposable personal income: Current dollars...................................................... Chained (2005) dollars........................................... 5.1 1.7 0.7 0.6 0.2 -0.1 0.0 -0.2 0.1 -0.2 0.5 0.3 0.6 0.4 0.1 -0.2 0.1 0.1 0.4 0.3 0.5 0.5 0.4 0.4 0.0 0.2 0.0 -0.2 0.4 0.2 -0.2 -0.3 Personal consumption expenditures: Current dollars...................................................... Chained (2005) dollars........................................... 3.0 -0.3 -1.0 -1.2 1.2 0.9 -0.6 -0.8 0.6 0.3 0.3 0.1 0.4 0.2 0.1 -0.1 0.5 0.4 0.5 0.3 0.0 0.0 0.2 0.3 0.0 0.1 0.5 0.2 0.5 0.3 0.2 0.1 Disposable personal income: Billions of chained (2005) dollars2............................. Per capita: Current dollars................................................... Chained (2005 dollars)........................................ Population (midperiod, thousands)3.............................. Personal consumption expenditures: Billions of chained (2005) dollars............................... Goods.............................................................. Durable g o o d s................................................ Nondurable go od s........................................... Services.......................................................... Implicit price deflator, 2005=100 ............................... Percent change from preceding period: p Preliminary r Revised CCAdj Capital consumption adjustment 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, 3. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of estimates for the first of the month and the first of the following month; the annual estimate is the average of the monthly estimates. Source: U.S. Bureau of Economic Analysis. Novem ber 2010 C . H i s t o r i c a l T h i s M t a b le a j o r N in d e x e s is D -5 1 M e a s u r e s d e r iv e d I P A S e r ie s ” e x p r e s s e d f r o m t h e “ S e le c t e d t a b le s t h a t t h r e e d e c im t o w e r e a l N I P A p u b lis h e d T a b le s ” in t h e t h a t a r e A u g u s t p u b lis h e d 2 0 1 0 in is s u e . t h is ( T h e is s u e a n d c h a n g e s in f r o m t h e p r ic e s “ G a r e D P a n d c a lc u la t e d O t h e r f r o m p la c e s . ) Table C.1. GDP and Other Major NIPA Aggregates—Continues [Quarterly estimates are seasonally adjusted at annual rates] Billions of chained (2005) dollars Year and Quarter Gross domestic product Final sales of domestic product Gross national product Percent change from preceding period Real gross domestic product Real final sales of domestic product Chain-type price indexes [2005=100] Gross domestic product Gross domestic purchases Implicit price deflators [2005=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 ................ 2,762.5 2,764.0 2,780.5 7.2 6.3 18.348 17.972 18.340 18.320 1.1 1.2 1.2 1.2 1960 1961 1962 1963 1964 ................ ................ ................ ................ ................ 2,830.9 2,896.9 3,072.4 3,206.7 3,392.3 2,836.6 2,904.6 3,064.9 3,202.6 3,393.7 2,850.6 2,918.6 3,096.8 3,232.8 3,420.4 2.5 2.3 6.1 4.4 5.8 2.6 2.4 5.5 4.5 6.0 18.604 18.814 19.071 19.273 19.572 18.220 18.412 18.654 18.871 19.175 18.596 18.805 19.062 19.265 19.563 18.577 18.786 19.044 19.248 19.546 1.4 1.1 1.4 1.1 1.6 1.4 1.1 1.3 1.2 1.6 1.4 1.1 1.4 1.1 1.5 1.4 1.1 1.4 1.1 1.5 1965 1966 1967 1968 1969 ................ ................ ................ ................ ................ 3,610.1 3,845.3 3,942.5 4,133.4 4,261.8 3,590.7 3,806.6 3,923.3 4,119.4 4,248.6 3,639.5 3,873.1 3,971.1 4,164.1 4,291.6 6.4 6.5 2.5 4.8 3.1 5.8 6.0 3.1 5.0 3.1 19.928 20.493 21.124 22.022 23.110 19.507 20.054 20.637 21.508 22.563 19.919 20.484 21.115 22.012 23.099 19.903 20.469 21.098 21.996 23.081 1.8 2.8 3.1 4.3 4.9 1.7 2.8 2.9 4.2 4.9 1.8 2.8 3.1 4.2 4.9 1.8 2.8 3.1 4.3 4.9 1970 1971 1972 1973 1974 ................ ................ ................ ................ ................ 4,269.9 4,413.3 4,647.7 4,917.0 4,889.9 4,287.9 4,407.4 4,640.6 4,888.2 4,874.1 4,299.4 4,446.0 4,682.9 4,964.5 4,944.0 0.2 3.4 5.3 5.8 -0.6 0.9 2.8 5.3 5.3 -0.3 24.328 25.545 26.647 28.124 30.669 23.778 25.000 26.112 27.623 30.459 24.317 25.533 26.634 28.112 30.664 24.299 25.515 26.617 28.097 30.643 5.3 5.0 4.3 5.5 9.0 5.4 5.1 4.4 5.8 10.3 5.3 5.0 4.3 5.5 9.1 5.3 5.0 4.3 5.6 9.1 1975 1976 1977 1978 1979 ................ ................ ................ ................ ................ 4,879.5 5,141.3 5,377.7 5,677.6 5,855.0 4,926.3 5,120.2 5,344.9 5,639.7 5,841.2 4,921.4 5,191.2 5,433.7 5,733.2 5,930.2 -0.2 5.4 4.6 5.6 3.1 1.1 3.9 4.4 5.5 3.6 33.577 35.505 37.764 40.413 43.773 33.300 35.208 37.586 40.252 43.797 33.563 35.489 37.751 40.400 43.761 33.541 35.472 37.735 40.385 43.745 9.5 5.7 6.4 7.0 8.3 9.3 5.7 6.8 7.1 8.8 9.5 5.7 6.4 7.0 8.3 9.5 5.8 6.4 7.0 8.3 1980 1981 1982 1983 1984 ................ ................ ................ ................ ................ 5,839.0 5,987.2 5,870.9 6,136.2 6,577.1 5,878.7 5,959.5 5,923.3 6,172.9 6,495.6 5,913.4 6,052.5 5,939.1 6,202.3 6,639.8 -0.3 2.5 -1.9 4.5 7.2 0.6 1.4 -0.6 4.2 5.2 47.776 52.281 55.467 57.655 59.823 48.408 52.864 55.859 57.817 59.854 47.751 52.225 55.412 57.603 59.766 47.728 52.206 55.391 57.586 59.749 9.1 9.4 6.1 3.9 3.8 10.5 9.2 5.7 3.5 3.5 9.1 9.4 6.1 4.0 3.8 9.1 9.4 6.1 4.0 3.8 1985 1986 1987 1988 1989 ................ ................ ................ ................ ................ 6,849.3 7,086.5 7,313.3 7,613.9 7,885.9 6,838.9 7,098.7 7,296.2 7,607.8 7,867.5 6,893.9 7,116.5 7,342.2 7,650.4 7,924.0 4.1 3.5 3.2 4.1 3.6 5.3 3.8 2.8 4.3 3.4 61.633 63.003 64.763 66.990 69.520 61.553 62.948 64.923 67.159 69.706 61.576 62.937 64.764 66.988 69.518 61.562 62.920 64.749 66.974 69.511 3.0 2.2 2.8 3.4 3.8 2.8 2.3 3.1 3.4 3.8 3.0 2.2 2.9 3.4 3.8 3.0 2.2 2.9 3.4 3.8 1990 1991 1992 1993 1994 ................ ................ ................ ................ ................ 8,033.9 8,015.1 8,287.1 8,523.4 8,870.7 8,032.7 8,034.8 8,284.3 8,515.3 8,809.2 8,081.8 8,055.6 8,326.4 8,563.2 8,900.5 1.9 -0.2 3.4 2.9 4.1 2.1 0.0 3.1 2.8 3.5 72.213 74.762 76.537 78.222 79.867 72.540 74.917 76.724 78.339 79.962 72.201 74.760 76.533 78.224 79.872 72.199 74.755 76.521 78.224 79.874 3.9 3.5 2.4 2.2 2.1 4.1 3.3 2.4 2.1 2.1 3.9 3.5 2.4 2.2 2.1 3.9 3.5 2.4 2.2 2.1 1995 1996 1997 1998 1999 ................ ................ ................ ................ ................ 9,093.7 9,433.9 9,854.3 10,283.5 10,779.8 9,073.2 9,412.5 9,782.6 10,217.1 10,715.7 9,129.4 9,471.1 9,881.8 10,304.0 10,812.1 2.5 3.7 4.5 4.4 4.8 3.0 3.7 3.9 4.4 4.9 81.533 83.083 84.554 85.507 86.766 81.674 83.150 84.397 84.962 86.304 81.536 83.088 84.555 85.511 86.768 81.542 83.096 84.558 85.509 86.766 2.1 1.9 1.8 1.1 1.5 2.1 1.8 1.5 0.7 1.6 2.1 1.9 1.8 1.1 1.5 2.1 1.9 1.8 1.1 1.5 2000 2001 2002 2003 2004 ................ ................ ................ ................ ................ 11,226.0 11,347.2 11,553.0 11,840.7 12,263.8 11,167.5 11,391.7 11,543.5 11,824.8 12,198.2 11,268.8 11,404.6 11,606.9 11,914.2 12,358.5 4.1 1.1 1.8 2.5 3.6 4.2 2.0 1.3 2.4 3.2 88.648 90.654 92.113 94.099 96.769 88.463 90.123 91.422 93.550 96.400 88.647 90.650 92.118 94.100 96.770 88.645 90.648 92.113 94.096 96.767 2.2 2.3 1.6 2.2 2.8 2.5 1.9 1.4 2.3 3.0 2.2 2.3 1.6 2.2 2.8 2.2 2.3 1.6 2.2 2.8 2005 2006 2007 2008 2009 ................ ................ ................ ................ ................ 12,638.4 12,976.2 13,228.9 13,228.8 12,880.6 12,588.4 12,917.1 13,200.0 13,268.1 12,992.8 12,735.5 13,046.1 13,344.4 13,388.7 13,014.7 3.1 2.7 1.9 0.0 -2.6 3.2 2.6 2.2 0.5 -2.1 100.000 103.263 106.301 108.598 109.618 100.000 103.380 106.428 109.813 109.614 100.000 103.257 106.296 108.619 109.615 100.000 103.260 106.300 108.626 109.609 3.3 3.3 2.9 2.2 0.9 3.7 3.4 2.9 3.2 -0.2 3.3 3.3 2.9 2.2 0.9 3.3 3.3 2.9 2.2 0.9 D -5 2 N a tio n a l D a t a N ovem ber 2010 Table C.1. GDP and Other Major NIPA Aggregates— Continues [Quarterly estimates are seasonally adjusted at annual rates] Billions of chained (2005) dollars Year and Quarter Gross domestic product Final sales of domestic product Gross national product Percent change from preceding period Real gross domestic product Real final sales of domestic product Chain-type price indexes [2005=100] Gross domestic product Gross domestic purchases Implicit price deflators [2005=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 V. 2,710.3 2,778.8 2,775.5 2,785.2 2,714.7 2,761.5 2,795.1 2,784.6 2,727.5 2,795.9 2,793.8 2,804.6 8.3 10.5 -0.5 1.4 8.5 7.1 5.0 -1.5 18.267 18.309 18.369 18.446 17.892 17.936 17.992 18.066 18.281 18.299 18.350 18.427 18.261 18.279 18.331 18.408 1.5 0.9 1.3 1.7 1.6 1.0 1.3 1.7 0.5 0.4 1.1 1.7 0.6 0.4 1.1 1.7 IL V, 2,847.7 2,834.4 2,839.0 2,802.6 2,815.0 2,841.9 2,837.9 2,851.8 2,866.4 2,853.5 2,858.9 2,823.6 9.3 -1.9 0.7 -5.0 4.4 3.9 -0.5 2.0 18.483 18.561 18.646 18.726 18.100 18.177 18.261 18.341 18.505 18.564 18.632 18.684 18.486 18.544 18.613 18.665 0.8 1.7 1.8 1.7 0.8 1.7 1.9 1.8 1.7 1.3 1.5 1.1 1.7 1.3 1.5 1.1 if V 2,819.3 2,872.0 2,918.4 2,977.8 2,854.0 2,884.6 2,906.9 2,973.0 2,841.4 2,893.1 2,939.9 2,999.8 2.4 7.7 6.6 8.4 0.3 4.4 3.1 9.4 18.750 18.786 18.835 18.884 18.361 18.383 18.432 18.473 18.727 18.769 18.827 18.892 18.707 18.749 18.808 18.874 0.5 0.8 1.0 1.0 0.4 0.5 1.1 0.9 0.9 0.9 1.2 1.4 0.9 0.9 1.3 1.4 3,031.2 3,064.7 3,093.0 3,100.6 3,009.2 3,060.5 3,084.3 3,105.6 3,053.1 3,088.6 3,117.2 3,128.1 7.4 4.5 3.7 1.0 5.0 7.0 3.1 2.8 18.992 19.040 19.091 19.159 18.569 18.627 18.675 18.744 19.004 19.030 19.076 19.136 18.985 19.012 19.058 19.119 2.3 1.0 1.1 1.4 2.1 1.3 1.0 1.5 2.4 0.5 1.0 1.3 2.4 0.6 1.0 1.3 3,141.1 3,180.4 3,240.3 3,265.0 3,126.2 3,179.2 3,235.7 3,269.3 3,167.4 3,205.9 3,266.2 3,291.7 5.3 5.1 7.7 3.1 2.7 7.0 7.3 4.2 19.213 19.232 19.266 19.382 18.803 18.827 18.868 18.986 19.180 19.217 19.255 19.402 19.163 19.200 19.238 19.385 1.1 0.4 0.7 2.4 1.3 0.5 0.9 2.5 0.9 0.8 0.8 3.1 0.9 0.8 0.8 3.1 V. 3,338.2 3,376.6 3,422.5 3,432.0 3,340.8 3,380.5 3,422.4 3,431.3 3,367.2 3,404.5 3,451.2 3,458.8 9.3 4.7 5.5 1.1 9.0 4.8 5.1 1.0 19.452 19.518 19.614 19.704 19.060 19.129 19.216 19.296 19.460 19.512 19.590 19.686 19.443 19.496 19.573 19.669 1.5 1.4 2.0 1.8 1.6 1.5 1.8 1.7 1.2 1.1 1.6 2.0 1.2 1.1 1.6 2.0 II’! V. 3,516.3 3,564.0 3,636.3 3,724.0 3,485.5 3,548.5 3,615.2 3,713.4 3,546.6 3,595.2 3,665.5 3,750.8 10.2 5.5 8.4 10.0 6.5 7.4 7.7 11.3 19.788 19.876 19.963 20.086 19.364 19.450 19.541 19.675 19.785 19.870 19.943 20.071 19.769 19.854 19.927 20.055 1.7 1.8 1.8 2.5 1.4 1.8 1.9 2.8 2.0 1.7 1.5 2.6 2.0 1.7 1.5 2.6 3,815.4 3,828.1 3,853.3 3,884.5 3,775.3 3,792.4 3,824.0 3,834.8 3,843.1 3,855.9 3,880.5 3,912.8 10.2 1.3 2.7 3.3 6.8 1.8 3.4 1.1 20.209 20.401 20.591 20.772 19.784 19.973 20.146 20.312 20.201 20.374 20.584 20.773 20.186 20.358 20.568 20.757 2.5 3.9 3.8 3.6 2.2 3.9 3.5 3.3 2.6 3.5 4.2 3.7 2.6 3.5 4.2 3.7 3,918.7 3,919.6 3,950.8 3,981.0 3,873.6 3,915.0 3,934.9 3,969.8 3,946.7 3,946.8 3,980.8 4,010.1 3.6 0.1 3.2 3.1 4.1 4.3 2.0 3.6 20.874 21.002 21.194 21.426 20.393 20.518 20.708 20.930 20.868 20.980 21.185 21.419 20.852 20.963 21.169 21.403 2.0 2.5 3.7 4.5 1.6 2.5 3.8 4.4 1.8 2.2 4.0 4.5 1.8 2.1 4.0 4.5 4,063.0 4,132.0 4,160.3 4,178.3 4,052.9 4,093.6 4,152.2 4,178.6 4,092.9 4,162.5 4,191.6 4,209.4 8.5 7.0 2.8 1.7 8.7 4.1 5.9 2.6 21.658 21.900 22.111 22.418 21.156 21.377 21.600 21.900 21.653 21.880 22.096 22.407 21.638 21.864 22.080 22.390 4.4 4.5 3.9 5.7 4.4 4.2 4.2 5.7 4.4 4.3 4.0 5.7 4.5 4.2 4.0 5.7 4,244.1 4,256.5 4,283.4 4,263.3 4,221.8 4,242.6 4,264.6 4,265.4 4,275.4 4,286.6 4,312.3 4,292.1 6.5 1.2 2.6 -1.9 4.2 2.0 2.1 0.1 22.644 22.946 23.279 23.571 22.109 22.407 22.724 23.012 22.640 22.932 23.260 23.561 22.623 22.914 23.242 23.542 4.1 5.4 5.9 5.1 3.9 5.5 5.8 5.2 4.2 5.3 5.8 5.3 4.2 5.2 5.8 5.3 4,256.6 4,264.3 4,302.3 4,256.6 4,277.0 4,268.7 4,307.0 4,299.0 4,286.2 4,294.9 4,332.4 4,284.3 -0.6 0.7 3.6 -4.2 1.1 -0.8 3.6 -0.7 23.898 24.241 24.432 24.742 23.346 23.670 23.892 24.204 23.895 24.226 24.417 24.730 23.877 24.208 24.399 24.712 5.7 5.9 3.2 5.2 5.9 5.7 3.8 5.3 5.8 5.7 3.2 5.2 5.8 5.7 3.2 5.2 4,374.0 4,398.8 4,433.9 4,446.3 4,352.2 4,382.3 4,420.9 4,474.2 4,406.6 4,433.2 4,465.1 4,479.1 11.5 2.3 3.2 1.1 5.0 2.8 3.6 4.9 25.115 25.451 25.705 25.909 24.563 24.894 25.166 25.378 25.104 25.433 25.689 25.896 25.086 25.416 25.673 25.878 6.2 5.5 4.1 3.2 6.1 5.5 4.4 3.4 6.2 5.3 4.1 3.3 6.2 5.4 4.1 3.2 4,525.8 4,633.1 4,677.5 4,754.5 4,536.3 4,611.6 4,653.2 4,761.4 4,560.0 4,666.8 4,714.0 4,790.8 7.3 9.8 3.9 6.8 5.7 6.8 3.7 9.6 26.333 26.486 26.728 27.041 25.775 25.952 26.207 26.514 26.297 26.452 26.708 27.060 26.279 26.435 26.691 27.044 6.7 2.3 3.7 4.8 6.4 2.8 4.0 4.8 6.3 2.4 3.9 5.4 6.3 2.4 3.9 5.4 4,876.2 4,932.6 4,906.3 4,953.1 4,865.8 4,889.7 4,895.7 4,901.4 4,917.9 4,977.0 4,957.9 5,005.1 10.6 4.7 -2.1 3.9 9.1 2.0 0.5 0.5 27.394 27.851 28.383 28.869 26.862 27.368 27.872 28.391 27.380 27.804 28.346 28.907 27.365 27.789 28.330 28.893 5.3 6.8 7.9 7.0 5.4 7.8 7.6 7.7 4.8 6.3 8.0 8.2 4.8 6.3 8.0 8.2 4,909.6 4,922.2 4,873.5 4,854.3 4,895.4 4,900.8 4,885.7 4,814.7 4,970.5 4,979.8 4,926.0 4,899.7 -3.5 1.0 -3.9 -1.6 -0.5 0.4 -1.2 -5.7 29.465 30.125 31.063 32.022 29.145 29.981 30.903 31.806 29.463 30.166 31.059 31.987 29.445 30.146 31.038 31.964 8.5 9.3 13.0 12.9 11.1 12.0 12.9 12.2 7.9 9.9 12.4 12.5 7.9 9.9 12.4 12.5 4,795.3 4,831.9 4,913.3 4,977.5 4,852.4 4,902.1 4,946.2 5,004.6 4,833.4 4,870.4 4,954.8 5,026.9 -4.8 3.1 6.9 5.3 3.2 4.2 3.6 4.8 32.760 33.237 33.857 34.454 32.501 32.991 33.563 34.144 32.729 33.216 33.835 34.433 32.706 33.193 33.814 34.413 9.5 6.0 7.7 7.2 9.0 6.2 7.1 7.1 9.6 6.1 7.7 7.3 9.6 6.1 7.7 7.3 5,090.7 5,128.9 5,154.1 5,191.5 5,073.8 5,090.9 5,122.4 5,194.0 5,138.6 5,178.8 5,204.4 5,243.0 9.4 3.0 2.0 2.9 5.6 1.4 2.5 5.7 34.841 35.208 35.680 36.291 34.531 34.905 35.407 35.989 34.807 35.178 35.655 36.300 34.789 35.160 35.639 36.284 4.6 4.3 5.5 7.0 4.6 4.4 5.9 6.7 4.4 4.3 5.5 7.4 4.4 4.3 5.6 7.4 1959: 1960: 1961: 1962: if V 1963: if V, 1964: if 1965: 1966: if V, 1967: if V. 1968: if V. 1969: if V. 1970: if V. 1971: if V. 1972: if V. 1973: ii! V. 1974: if V. 1975: if V. 1976: if V. S u r v e y o f C u r r e n t B u sin e ss N ovem ber 2010 D -5 3 Table C.1. GDP and Other Major NIPA Aggregates— Continues [Quarterly estimates are seasonally adjusted at annual rates] Billions of chained (2005) dollars Year and Quarter Gross domestic product Final sales of domestic product Gross national product Percent change from preceding period Real gross domestic product Chain-type price indexes [2005=100] Real final sales of domestic product Gross domestic product Gross domestic purchases Implicit price deflators [2005=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 1977: I... 11.. III. IV. 5,251.8 5,356.1 5,451.9 5,450.8 5,242.7 5,327.0 5,383.0 5,426.9 5,310.6 5,413.8 5,509.0 5,501.5 4.7 8.2 7.3 -0.1 3.8 6.6 4.3 3.3 36.901 37.491 38.009 38.652 36.668 37.295 37.864 38.517 36.911 37.438 37.894 38.725 36.894 37.423 37.881 38.709 6.9 6.6 5.6 6.9 7.8 7.0 6.2 7.1 6.9 5.8 5.0 9.1 6.9 5.9 5.0 9.0 1978: I... 11.. III. IV. 5,469.4 5,684.6 5,740.3 5,816.2 5,433.8 5,649.4 5,701.2 5,774.5 5,528.1 5,733.5 5,793.7 5,877.5 1.4 16.7 4.0 5.4 0.5 16.8 3.7 5.2 39.290 40.048 40.741 41.571 39.145 39.900 40.592 41.369 39.292 40.016 40.681 41.540 39.275 40.001 40.667 41.525 6.8 7.9 7.1 8.4 6.7 7.9 7.1 7.9 6.0 7.6 6.8 8.7 6.0 7.6 6.8 8.7 1979: I... 11.. III. IV. 5,825.9 5,831.4 5,873.3 5,889.5 5,792.7 5,792.4 5,876.4 5,903.2 5,888.8 5,901.8 5,957.3 5,972.9 0.7 0.4 2.9 1.1 1.3 0.0 5.9 1.8 42.334 43.364 44.260 45.136 42.169 43.244 44.345 45.429 42.282 43.325 44.263 45.155 42.267 43.307 44.245 45.136 7.5 10.1 8.5 8.2 8.0 10.6 10.6 10.1 7.3 10.2 8.9 8.3 7.3 10.2 8.9 8.3 1980: I... 11.. III. IV. 5,908.5 5,787.4 5,776.6 5,883.5 5,914.7 5,798.8 5,874.4 5,926.8 5,993.4 5,865.8 5,850.6 5,943.7 1.3 -7.9 -0.7 7.6 0.8 -7.6 5.3 3.6 46.126 47.156 48.232 49.591 46.678 47.827 48.914 50.211 46.105 47.137 48.215 49.551 46.085 47.117 48.194 49.529 9.1 9.2 9.4 11.8 11.5 10.2 9.4 11.0 8.7 9.3 9.5 11.6 8.7 9.3 9.5 11.5 1981: I... 11.. III. IV. 6,005.7 5,957.8 6,030.2 5,955.1 5,956.0 5,967.8 5,974.8 5,939.5 6,069.9 6,018.3 6,094.4 6,027.2 8.6 -3.2 4.9 -4.9 2.0 0.8 0.5 -2.3 50.894 51.802 52.754 53.674 51.534 52.460 53.271 54.193 50.808 51.769 52.685 53.646 50.788 51.747 52.666 53.628 10.9 7.3 7.6 7.2 11.0 7.4 6.3 7.1 10.5 7.8 7.3 7.5 10.6 7.8 7.3 7.5 1982: I... I!.. III. IV. 5,857.3 5,889.1 5,866.4 5,871.0 5,922.8 5,920.3 5,881.5 5,968.6 5,925.6 5,965.7 5,931.4 5,933.6 -6.4 2.2 -1.5 0.3 -1.1 -0.2 -2.6 6.1 54.430 55.105 55.870 56.463 54.906 55.494 56.231 56.806 54.375 55.033 55.816 56.422 54.356 55.013 55.795 56.401 5.8 5.1 5.7 4.3 5.4 4.4 5.4 4.2 5.5 4.9 5.8 4.4 5.5 4.9 5.8 4.4 1983: I... 11.. III. IV. 5,944.0 6,077.6 6,197.5 6,325.6 6,031.7 6,117.1 6,230.5 6,312.4 6,005.9 6,143.5 6,264.6 6,395.3 5.1 9.3 8.1 8.5 4.3 5.8 7.6 5.4 56.946 57.362 57.947 58.366 57.157 57.550 58.113 58.447 56.880 57.296 57.880 58.305 56.861 57.280 57.864 58.290 3.5 3.0 4.1 2.9 2.5 2.8 4.0 2.3 3.3 3.0 4.1 3.0 3.3 3.0 4.1 3.0 1984: I... 11.. III. IV. 6,448.3 6,559.6 6,623.3 6,677.3 6,354.6 6,471.1 6,530.8 6,626.0 6,512.8 6,624.4 6,687.5 6,734.4 8.0 7.1 3.9 3.3 2.7 7.5 3.7 6.0 59.091 59.624 60.111 60.466 59.172 59.699 60.113 60.431 59.045 59.551 60.029 60.413 59.029 59.535 60.012 60.394 5.1 3.7 3.3 2.4 5.1 3.6 2.8 2.1 5.2 3.5 3.2 2.6 5.2 3.5 3.2 2.6 1985: I... 11.. III. IV. 6,740.3 6,797.3 6,903.5 6,955.9 6,738.3 6,789.6 6,899.9 6,928.1 6,785.7 6,845.8 6,943.5 7,000.5 3.8 3.4 6.4 3.1 7.0 3.1 6.7 1.6 61.157 61.471 61.763 62.142 61.009 61.356 61.679 62.169 61.083 61.431 61.683 62.087 61.062 61.415 61.677 62.078 4.7 2.1 1.9 2.5 3.9 2.3 2.1 3.2 4.5 2.3 1.7 2.6 4.5 2.3 1.7 2.6 1986: I... 11.. III. IV. 7,022.8 7,051.0 7,119.0 7,153.4 6,999.4 7,052.2 7,151.4 7,192.0 7,061.9 7,079.0 7,150.4 7,174.6 3.9 1.6 3.9 1.9 4.2 3.0 5.8 2.3 62.457 62.769 63.165 63.622 62.511 62.637 63.081 63.562 62.403 62.732 63.089 63.513 62.391 62.716 63.071 63.491 2.0 2.0 2.5 2.9 2.2 0.8 2.9 3.1 2.1 2.1 2.3 2.7 2.0 2.1 2.3 2.7 1987: I... 11.. III. IV. 7,193.0 7,269.5 7,332.6 7,458.0 7,172.8 7,268.4 7,355.2 7,388.3 7,217.0 7,299.6 7,361.9 7,490.1 2.2 4.3 3.5 7.0 -1.1 5.4 4.9 1.8 64.122 64.482 64.990 65.456 64.191 64.645 65.191 65.668 64.105 64.471 64.977 65.475 64.088 64.458 64.964 65.460 3.2 2.3 3.2 2.9 4.0 2.9 3.4 3.0 3.8 2.3 3.2 3.1 3.8 2.3 3.2 3.1 1988: I... 11.. III. IV. 7,496.6 7,592.9 7,632.1 7,734.0 7,497.5 7,587.9 7,624.0 7,721.9 7,536.7 7,629.6 7,665.1 7,770.3 2.1 5.2 2.1 5.5 6.0 4.9 1.9 5.2 65.982 66.618 67.408 67.952 66.220 66.854 67.479 68.081 66.012 66.632 67.384 67.895 65.997 66.617 67.368 67.883 3.3 3.9 4.8 3.3 3.4 3.9 3.8 3.6 3.3 3.8 4.6 3.1 3.3 3.8 4.6 3.1 1989: I... 11.. III. IV. 7,806.6 7,865.0 7,927.4 7,944.7 7,759.2 7,834.5 7,933.2 7,943.1 7,842.3 7,899.3 7,964.5 7,990.1 3.8 3.0 3.2 0.9 1.9 3.9 5.1 0.5 68.662 69.346 69.816 70.256 68.835 69.581 69.958 70.451 68.664 69.340 69.795 70.257 68.652 69.331 69.790 70.254 4.2 4.0 2.7 2.5 4.5 4.4 2.2 2.8 4.6 4.0 2.7 2.7 4.6 4.0 2.7 2.7 1990: I... 11.. Ill IV. 8,027.7 8,059.6 8,059.5 7,988.9 8,029.3 8,032.8 8,048.6 8,020.0 8,070.3 8,103.5 8,096.5 8,057.0 4.2 1.6 0.0 -3.5 4.4 0.2 0.8 -1.4 71.109 71.936 72.604 73.202 71.405 72.070 72.884 73.801 71.106 71.931 72.593 73.176 71.103 71.926 72.589 73.177 4.9 4.7 3.8 3.3 5.5 3.8 4.6 5.1 4.9 4.7 3.7 3.3 4.9 4.7 3.7 3.3 1991: I... 11.. Ill IV. 7,950.2 8,003.8 8,037.5 8,069.0 7,988.0 8,045.4 8,056.5 8,049.1 8,001.5 8,040.2 8,069.5 8,111.2 -1.9 2.7 1.7 1.6 -1.6 2.9 0.6 -0.4 73.985 74.503 75.067 75.492 74.308 74.644 75.135 75.579 73.963 74.490 75.069 75.505 73.962 74.487 75.063 75.498 4.3 2.8 3.1 2.3 2.8 1.8 2.7 2.4 4.4 2.9 3.1 2.3 4.4 2.9 3.1 2.3 1992: I... 11.. III. IV. 8,157.6 8,244.3 8,329.4 8,417.0 8,173.5 8,232.0 8,322.5 8,409.1 8,199.3 8,285.3 8,366.1 8,455.0 4.5 4.3 4.2 4.3 6.3 2.9 4.5 4.2 75.919 76.371 76.710 77.146 76.051 76.525 76.967 77.353 75.889 76.358 76.713 77.149 75.878 76.346 76.700 77.138 2.3 2.4 1.8 2.3 2.5 2.5 2.3 2.0 2.0 2.5 1.9 2.3 2.0 2.5 1.9 2.3 1993: I... 11.. III. IV. 8,432.5 8,486.4 8,531.1 8,643.8 8,403.6 8,474.1 8,540.5 8,642.8 8,480.0 8,525.2 8,577.4 8,670.4 0.7 2.6 2.1 5.4 -0.3 3.4 3.2 4.9 77.620 78.042 78.409 78.816 77.773 78.204 78.502 78.876 77.610 78.039 78.399 78.829 77.607 78.039 78.402 78.834 2.5 2.2 1.9 2.1 2.2 2.2 1.5 1.9 2.4 2.2 1.9 2.2 2.5 2.2 1.9 2.2 D -5 4 N a t io n a l D a t a N ovem ber 2010 Table C.1. GDP and Other Major NIPA Aggregates—Table Ends [Quarterly estimates are seasonally adjusted at annual rates] Billions of chained (2005) dollars Year and Quarter Gross domestic product Final sales of domestic product Gross national product Percent change from preceding period Real gross domestic product Real final sales of domestic product Chain-type price indexes [2005=100] Gross domestic product Gross domestic purchases Implicit price deflators [2005=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 1994: 8,727.9 8,847.3 8,904.3 9,003.2 8,689.0 8,762.2 8,857.2 8,928.4 8,763.3 8,877.5 8,931.5 9,029.7 4.0 5.6 2.6 4.5 2.2 3.4 4.4 3.3 79.250 79.633 80.080 80.503 79.264 79.694 80.245 80.646 79.244 79.621 80.094 80.507 79.247 79.625 80.096 80.510 2.2 1.9 2.3 2.1 2.0 2.2 2.8 2.0 2.1 1.9 2.4 2.1 2.1 1.9 2.4 2.1 1995: 9,025.3 9,044.7 9,120.7 9,184.3 8,966.4 9,019.4 9,126.8 9,180.1 9,063.8 9,086.4 9,145.0 9,222.5 1.0 0.9 3.4 2.8 1.7 2.4 4.9 2.4 80.985 81.346 81.691 82.110 81.110 81.539 81.840 82.208 80.969 81.328 81.710 82.125 80.973 81.334 81.717 82.132 2.4 1.8 1.7 2.1 2.3 2.1 1.5 1.8 2.3 1.8 1.9 2.0 2.3 1.8 1.9 2.0 1996: 9,247.2 9,407.1 9,488.9 9,592.5 9,259.4 9,392.1 9,433.0 9,565.4 9,292.9 9,442.1 9,520.0 9,629.6 2.8 7.1 3.5 4.4 3.5 5.9 1.8 5.7 82.554 82.859 83.269 83.650 82.642 82.920 83.287 83.752 82.600 82.916 83.179 83.638 82.608 82.925 83.186 83.645 2.2 1.5 2.0 1.8 2.1 1.4 1.8 2.3 2.3 1.5 1.3 2.2 2.3 1.5 1.3 2.2 1997: 9,666.2 9,809.6 9,932.7 10,008.9 9,632.6 9,709.3 9,862.5 9,925.9 9,693.2 9,845.8 9,959.7 10,028.3 3.1 6.1 5.1 3.1 2.8 3.2 6.5 2.6 84.075 84.450 84.686 85.007 84.118 84.273 84.463 84.735 84.179 84.375 84.669 84.982 84.184 84.378 84.673 84.982 2.0 1.8 1.1 1.5 1.8 0.7 0.9 1.3 2.6 0.9 1.4 1.5 2.6 0.9 1.4 1.5 1998: 10,103.4 10,194.3 10,328.8 10,507.6 9,988.3 10,157.1 10,274.3 10,448.5 10,133.3 10,221.2 10,340.3 10,521.2 3.8 3.6 5.4 7.1 2.5 6.9 4.7 7.0 85.134 85.344 85.663 85.888 84.689 84.810 85.054 85.297 85.125 85.329 85.656 85.914 85.125 85.327 85.653 85.913 0.6 1.0 1.5 1.1 -0.2 0.6 1.2 1.1 0.7 1.0 1.5 1.2 0.7 1.0 1.5 1.2 1999: 10,601.2 10,684.0 10,819.9 11,014.3 10,517.3 10,648.2 10,779.7 10,917.5 10,628.0 10,716.6 10,848.9 11,055.0 3.6 3.2 5.2 7.4 2.7 5.1 5.0 5.2 86.252 86.615 86.919 87.275 85.634 86.100 86.509 86.974 86.298 86.602 86.924 87.230 86.295 86.600 86.922 87.229 1.7 1.7 1.4 1.6 1.6 2.2 1.9 2.2 1.8 1.4 1.5 1.4 1.8 1.4 1.5 1.4 2000: 11,043.0 11,258.5 11,267.9 11,334.5 11,027.6 11,158.0 11,206.4 11,278.1 11,078.6 11,297.8 11,302.4 11,396.4 1.1 8.0 0.3 2.4 4.1 4.8 1.7 2.6 87.939 88.386 88.908 89.359 87.778 88.153 88.716 89.204 87.924 88.370 88.903 89.371 87.922 88.367 88.901 89.369 3.1 2.0 2.4 2.0 3.7 1.7 2.6 2.2 3.2 2.0 2.4 2.1 3.2 2.0 2.4 2.1 2001: 11,297.2 11,371.3 11,340.1 11,380.1 11,335.1 11,385.2 11,373.8 11,472.8 11,343.3 11,426.4 11,369.9 11,479.0 -1.3 2.6 -1.1 1.4 2.0 1.8 -0.4 3.5 89.977 90.603 90.891 91.144 89.738 90.142 90.274 90.337 89.979 90.590 90.874 91.151 89.976 90.587 90.873 91.150 2.8 2.8 1.3 1.1 2.4 1.8 0.6 0.3 2.7 2.7 1.3 1.2 2.7 2.7 1.3 1.2 2002: 11,477.9 11,538.8 11,596.4 11,598.8 11,496.4 11,528.9 11,579.7 11,569.1 11,534.0 11,575.1 11,648.5 11,669.9 3.5 2.1 2.0 0.1 0.8 1.1 1.8 -0.4 91.469 91.873 92.282 92.828 90.642 91.223 91.621 92.200 91.469 91.881 92.284 92.828 91.466 91.875 92.279 92.821 1.4 1.8 1.8 2.4 1.4 2.6 1.8 2.6 1.4 1.8 1.8 2.4 1.4 1.8 1.8 2.4 2003: 11,645.8 11,738.7 11,935.5 12,042.8 11,616.5 11,743.8 11,933.4 12,005.3 11,701.8 11,809.3 12,005.6 12,140.2 1.6 3.2 6.9 3.6 1.6 4.5 6.6 2.4 93.501 93.780 94.304 94.813 93.105 93.174 93.712 94.207 93.496 93.776 94.304 94.799 93.492 93.771 94.300 94.795 2.9 1.2 2.3 2.2 4.0 0.3 2.3 2.1 2.9 1.2 2.3 2.1 2.9 1.2 2.3 2.1 12,127.6 12,213.8 12,303.5 12,410.3 12,076.2 12,136.3 12,241.1 12,339.2 12,243.7 12,303.0 12,403.5 12,483.7 2.8 2.9 3.0 3.5 2.4 2.0 3.5 3.2 95.624 96.441 97.146 97.864 95.151 96.002 96.766 97.681 95.626 96.435 97.131 97.862 95.623 96.433 97.128 97.860 3.5 3.5 3.0 3.0 4.1 3.6 3.2 3.8 3.5 3.4 2.9 3.0 3.5 3.4 2.9 3.0 2005: 12,534.1 12,587.5 12,683.2 12,748.7 12,443.2 12,572.0 12,671.2 12,667.2 12,642.6 12,684.5 12,789.5 12,825.6 4.1 1.7 3.1 2.1 3.4 4.2 3.2 -0.1 98.774 99.445 100.470 101.312 98.561 99.333 100.541 101.565 98.766 99.438 100.461 101.309 98.764 99.437 100.463 101.314 3.8 2.7 4.2 3.4 3.7 3.2 5.0 4.1 3.7 2.7 4.2 3.4 3.7 2.8 4.2 3.4 2006: 12,915.9 12,962.5 12,965.9 13,060.7 12,851.3 12,891.0 12,898.3 13,027.8 12,994.2 13,035.4 13,025.1 13,129.5 5.4 1.4 0.1 3.0 5.9 1.2 0.2 4.1 102.071 102.980 103.763 104.237 102.275 103.173 103.910 104.162 102.071 102.973 103.756 104.218 102.076 102.976 103.760 104.217 3.0 3.6 3.1 1.8 2.8 3.6 2.9 1.0 3.0 3.6 3.1 1.8 3.0 3.6 3.1 1.8 2007: 13,089.3 13,194.1 13,268.5 13,363.5 13,071.1 13,146.4 13,230.4 13,352.2 13,155.8 13,269.0 13,404.4 13,548.5 0.9 3.2 2.3 2.9 1.3 2.3 2.6 3.7 105.366 106.188 106.709 106.940 105.297 106.118 106.653 107.644 105.349 106.169 106.706 106.943 105.351 106.169 106.703 106.949 4.4 3.2 2.0 0.9 4.4 3.2 2.0 3.8 4.4 3.2 2.0 0.9 4.4 3.1 2.0 0.9 2008: 13,339.2 13,359.0 13,223.5 12,993.7 13,346.2 13,382.4 13,249.6 13,094.1 13,516.8 13,519.7 13,408.7 13,109.5 -0.7 0.6 -4.0 -6.8 -0.2 1.1 -3.9 -4.6 107.454 108.295 109.488 109.154 108.693 109.887 110.953 109.720 107.416 108.330 109.539 109.216 107.427 108.340 109.550 109.213 1.9 3.2 4.5 -1.2 4.0 4.5 3.9 -4.4 1.8 3.4 4.5 -1.2 1.8 3.4 4.5 -1.2 2009: 12,832.6 12,810.0 12,860.8 13,019.0 12,964.2 12,971.4 12,984.5 13,051.1 12,945.5 12,929.4 13,013.8 13,170.1 -4.9 -£.7 1.6 5.0 -3.9 0.2 0.4 2.1 109.465 109.555 109.759 109.693 109.163 109.326 109.702 110.265 109.484 109.558 109.750 109.665 109.476 109.550 109.744 109.664 1.1 0.3 0.7 -0.2 -2.0 0.6 1.4 2.1 1.0 0.3 0.7 -0.3 1.0 0.3 0.7 -0.3 2010: 13,138.8 13,194.9 13,260.7 13,085.5 13,114.7 13,133.2 13,313.0 13,372.7 3.7 1.7 2.0 1.1 0.9 0.6 109.959 110.485 111.108 110.838 110.852 111.080 109.952 110.488 111.082 109.950 110.479 1.0 1.9 2.3 2.1 0.1 0.8 1.1 2.0 2.2 1.0 1.9 Novem ber 2 0 1 0 D . C h a r t s A ll s e r ie s a re D -5 5 s e a s o n a lly c h a n g e s . T h e s h a d e d N a t io n a l B u r e a u a d ju s t e d a re a s m o f E c o n o m a t a r k ic a n n u a l th e ra te s. b e g in n in g T h e a n d p e r c e n t e n d o f c h a n g e s in re a l r e c e s s io n s a s d e t e r m in e d g r o s s d o m e s t ic b y th e p r o d u c t B u s in e s s a re b a s e d C y c le o n D a t in g q u a r t e r -t o -q u a r t e r C o m m it t e e o f th e R e s e a r c h . SELECTED NIPA SERIES Thousands of chained (2005) dollars Dec 45 Nov Nov Mar Ja n JIyJly Nov Jly Mar M ar Nov Dec Jun -4 0 35 - -3 5 30 - -3 0 25 - -2 5 20 - -2 0 - 15 Percent Dec Nov Nov Mar Ja n JIyJly Nov Jly Mar M ar Nov R E A L G R O S S D O M E S T IC P R O D U C T ( P E R C E N T C H A N G E ) IL, 62 64 66 U.S. Bureau of Economic Analysis 68 70 72 74 76 78 80 82 84 86 Dec Jun N ovem ber 2010 N a t io n a l D a t a D -5 6 SELECTED NIPA SERIES Percent 60 Dec Nov Nov Mar Ja n JIyJly Nov Jly Mar M ar Nov D ec Jun S H A 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 Personal current taxes 1 /1 40- S '* " '- 1 \ A -JB K — 30- - 40 ,V —v ! N' " ------------ ------ J V "# 30 Contributions for government social insurance 20 20Taxes on corporate income 10- Taxes on production and imports Percent Dec Nov Nov Mar Jan JIyJly Nov Jly Mar M ar Nov Dec Jun C U R R E N T E X P E N D IT U R E S SH A R E S OF FEDERAL G0\ 60- - 60 Current transfer payments 50- - 50 40- - 40 30- - 30 Consumption expenditures 20- 20 Interest payments Percent Dec Nov Nov M ar Jan Jly Jly Nov Jly Mar M ar Nov D ec Jun RATIO, N E T G O V E R N M E N - Net government saving -2 Federal - -2 — —4 - -6 U.S. Bureau of Economic Analysis S u r v e y o f C u r r e n t B u sin e ss N ovem ber 201 0 D -5 7 SELECTED NIPA SERIES Percent Dec Nov Nov Mar Jan Jly Jly Nov Jly Mar M ar Nov Dec Jun 25 25 RATIO, S A V IN G S T O G R O S S N ATIO N AL IN C O M E -___— - y 20 - m \ r - / 'V . W / G ross saving -V m 7 X .* —W V9 - 15 , G ross business saving* 5 - 20 \v 15 - 10 . ^ ^ 10 Personal saving V ■: V v . , . - . v , -5 - -1 0 Percent Dec Nov Nov Mar Jan Jly Jly Nov Jly Mar Mar Nov Dec Jun 25 25 RATIO, IN V E S T M E N T TO G R O S S N ATIONAL P R O D U C T V 20 'A W v G ross domestic investn investm «| plus balance on current account (NIPAs) A i s '- ' / \ , - \ _ A '_ ^ 15 G ross private domestic investment 20 - 15 - 10 y — \J |*v / N a v/ /' — v v 1C Gross government investment 5 - *****« » _ Balance on current account -5 -1 0 1 I 62 I I 64 I I 66 I I 68 I I 70 I I 72 I 74 I I 76 I I I 78 I I 80 I I 82 I I 84 I I 86 I I 88 I I 90 I 92 I I I 94 I I 96 I I 98 I I 00 I I 02 I 04 I I 06 I -10 ~ I 08 10 Percent Dec Nov Nov Mar Jan Jly Jly Nov Jly Mar M ar Nov Dec Jun 60 S H A R E S O F G R O S S PRIVATE D O M E S T IC F IX E D IN V E S T M E N T / / 50 . . . — / — v / ~ V . ffpp / —J s Nonresidential equipment and software ' / f 60 / / 50 N - — \ _ __ / 40 - Residential investment 30 x V <" ✓ 30 40 \ 20 - 20 - 10 Nonresidential structures 10 - i 62 i i 64 i i i 66 U.S. Bureau of Economic Analysis i 68 i i 70 i i 72 i I 74 ........................... i 76 78 l 80 l i 82 i 84 i i 86 I I I 88 .........!' 90 I I 92 I i 94 i i 96 i i 98 i i 00 i i 02 i i 04 i i 06 i i 08 r 10 D -5 8 N a t io n a l D a t a N ovem ber 2010 SELECTED NIPA SERIES S H A R E S O F N A T IO N A L IN C O M E 2009 1962 W a ge and salary Supplements to w ages W age and salary Supplements to w ages salaries, 5.3% accruals, 51.2% and salaries, 12.2% accruals, 56.6% Proprietors’ income, Proprietors’ income, 10.5% 8.5% Rental income Rental income of persons, 2.2% of persons, 3.5% 'Corporate profits, 10.7% Corporate profits, 11.8% Net interest and misc. payments, interest and misc. payments, 2.7% 6 .4 % Other, 0.2% Taxes on production and imports, 9.5% Other 0 5 % Taxes on production and imports, 8.3% S H A R E S O F G R O S S D O M E S T IC P R O D U C T B Y S E C T O R 2009 1962 B usiness 74. Business, 79.2% Households, 7.5% Households, 6.3% Nonprofit institutions Nonprofit institutions serving serving households, 5.4% households, 2.4% General government, General government, federal, 3.9% federal 6.2% General government, General government, state and local, 8.4% state and local 5.8% S H A R E S O F G R O S S D O M E S T IC P U R C H A S E S 2009 1962 Personal consumption Personal consumption expenditures, 62.5% expenditures, 68.9% Private nonresidential Private nonresidential investment, 8.7% investment, 10.2% Private residential Private residential investment, 2.5% investment, 5.0% Federal government,' 7 .8% Federal government,* 12.9% State and local government,* 12.2% State and local government,* 9.4% ‘Consumption expenditures and gross investment U.S. Bureau of Economic Analysis N ovem ber 2 0 1 0 SELECTED NIPA SERIES S u r v e y o f C u r r e n t B u sin e ss D -5 9 D -6 0 N ovem ber 2010 N a tio n a l D a t a SELECTED NIPA SERIES P e rc e n t Dec Nov Nov Mar Ja n JIyJly Nov Jly Mar Mar Nov Dec Jun 20 P R O F IT M A R G IN , D O M E S T IC N O N F IN A N C IA L C O R P O R A T IO N S 16 Before tax 12 - 'Ratio of corporate profits per unit to cost and profit per unit R a tio Dec Nov Nov Mar Jan JIyJly Nov Jly Mar Dec M ar Nov Jun 6 IN V E N T O R Y /S A L E S R AT IO S, C U R R E N T D O LLA R * 5 Ratio of private nonfarm inventories to final sales of goods and structures »«•»** Ratio of private inventories to final sales of domestic business it - . Ratio of private nonfarm inventories to final sales of domestic business 'B a se d on current-dollar estimates of inventories and sales I I f.....I ""T 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 62 64 66 68 R a tio 70 Dec 72 Nov 74 Nov 76 78 M ar 80 82 J a n JIyJly 84 86 88 Nov 90 92 94 96 98 Jly Mar 00 02 04 06 M ar Nov 08 Dec 10 Jun 6 IN V E N T O R Y /S A L E S RAT IO S, R E A L * Ratio of private nonfarm inventories to final sales of go ods and structures Ratio of private inventories to final sales of domestic business .........v _____, Ratio of private nonfarm inventories to final sales of domestic business 'B a se d on chained (2005) dollar estimates of inventories and sales 1 I I I I I I I I I I I I I I I I I I I 62 64 66 Bureau of Economic Analysis 68 70 72 74 76 78 80 l""l I I I I I I I I I I I I I I I 82 84 86 88 90 92 94 96 I 1 I I I I I I I"1"1""!"" I 98 00 02 04 06 08 10 N ovem ber 2 0 1 0 I n d u s t r y E . D -6 1 D a t a I n d u s t r y T a b le The statistics in this table were published in tables 3a and 5a in “Annual Industry Accounts: Advance Statistics on GDP by Industry for 2009 and Revised Statistics for 1998-2008” in the June 2010 S u r v e y o f C u r r e n t B u s in e s s . Table E.1. Percent Changes in Chain-Type Quantity and Price Indexes for Value Added by Industry for 2007-2009 Chain-type quantity indexes Line Chain-type price indexes Chain-type quantity indexes Line Chain-type price indexes 2007 2008 2009 2007 2008 2009 G ross domestic product................................... 2.1 0.4 -2 .4 2.9 2.1 1.2 Finance, insurance, real estate, rental, and le asing .................. 2.2 1.6 2.4 3.0 Private industries................................................... 2.2 -0.1 -2.6 2.7 2.3 0.5 -1.4 3.2 2.9 3.6 Agriculture, forestry, fishing, and hunting.............. Farm s............................................................ Forestry, fishing, and related activities................... -5.7 -7.6 1.0 9.5 12.9 -3.2 4.6 27.2 35.2 3.6 M ining............................................................... Oil and gas extraction......................................... Mining, except oil and g a s .................................. Support activities for mining................................ -4 .5 -5.3 -5.3 -0.9 0.3 -5.8 -4.9 30.2 3.7 10.7 26.4 -27.4 7.6 43.6 13.6 17.0 18.9 -12.1 Finance and in suran ce ................................................................. Federal Reserve banks, credit intermediation, and related activities................................................................................... Securities, commodity contracts, and investments................ Insurance carriers and related activities.................................. Funds, trusts, and other financial vehicles............................... -2.8 -3.5 -13.9 -10.7 6.2 17.4 14.9 19.0 2.7 8.9 0.6 -2.4 4.3 9.1 0.7 0.0 2.1 2.1 1.8 2.6 2.4 4.2 1.4 -20.1 0.7 4.3 Utilities............................................................. 3.5 3.2 3.1 1.1 0.1 2.3 Construction...................................................... -3 .9 -3.3 -9.9 5.6 0.0 0.4 4.5 -3.6 4.1 0.3 9.6 0.0 1.0 -6.9 -5.4 -8.2 3.9 -3.4 3.1 1.8 11.1 9.9 -4.4 7.7 -0.3 -6.6 13.9 0.5 -11.9 -10.1 4.4 0.6 5.0 -8.2 6.2 -7.6 4.4 -23.2 -3.3 -3.1 -3.1 -4.6 2.7 -0.3 0.0 2.0 8.3 -15.9 12.7 -9.2 -5.9 -7.5 -1 .0 1.4 -1.4 -2.8 -13.9 -6.0 -0.6 -4.5 6.1 6.3 4.2 3.4 2.2 -0.9 -11.1 -10.1 5.3 1.8 -2.5 -8.8 0.8 -0.1 3.5 0.7 1.8 -0.6 -3.8 -0.4 6.8 -4.1 11.0 -2.2 1.8 -0.2 -2.1 2.6 6.2 -0.7 -3.6 4.6 -0.1 -0.2 12.6 -2.7 2.8 -0.2 -0.8 M anufacturing................................................... 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........................... 0.6 77 2.5 -0.6 -1.0 3.5 1.2 -2.4 Retail trade........................................................ 1.6 -5.2 -4.5 0.4 2.3 1.8 3.0 -2.5 4.9 -6.7 0.3 -10.1 27.4 10.8 3.4 -0.9 1.2 -1.8 17.3 0.7 -2.6 -1.3 4.9 -3.2 -2.8 0.1 -2.1 3.4 -12.6 -2.2 1.5 3.9 3.1 3.4 1.9 0.3 12.4 -7.4 -0.1 1.7 -1.2 3.3 4.2 0.0 -0 .9 -0.2 3.4 -0.7 -6.6 -1 .4 0.0 0.8 -2.4 -1.0 0.2 Information........................................................ Publishing industries (includes software)............... Motion picture and sound recording industries........ Broadcasting and telecommunications.................. Information and data processing services.............. 6.0 9.4 0.9 9.6 -10.5 1.4 -0.4 -2.6 2.2 4.8 1.6 1. Consists of agriculture, forestry, fishing, and hunting; mining; construction; and manufacturing. 2. Consists of utilities; wholesale trade; retail trade; transportation and warehousing; information; finance, insurance, real estate, rental, and leasing; professional and business services; educational services, health care, and social Real estate and rental and le asing ............................................ Real estate.................................................................................. Rental and leasing services and lessors of intangible assets 4.6 4.3 6.4 Professional and business se rvice s............................................. 2008 2009 2007 2008 2009 0.7 -2.3 1.4 -5.6 2.7 1.5 5.2 1.5 Professional, scientific, and technical s e rv ic e s .................... Legal services.............................................................................. Computer systems design and related services..................... Miscellaneous professional, scientific, and technical services 2.6 -2.2 11.3 2.2 1.8 -6.5 5.6 3.7 4.8 7.0 -0.2 5.3 2.7 6.1 0.3 2.3 Management o f com panies and e nterprises.......................... -1.3 2.4 A dm inistrative and waste m anagem ent se rvice s ................. Administrative and support services........................................ Waste management and remediation services....................... 5.3 4.6 12.8 0.2 0.3 -1.1 Educational services, health care, and social assistan ce ....... 2.0 3.2 Educational se rv ic e s .................................................................... 1.7 2.2 Health care and social a s s is ta n c e ............................................ Ambulatory health care services.............................................. Hospitals and nursing and residential care facilities.............. Social assistance........................................................................ 2.1 1.7 2.2 3.8 A rts, entertainm ent, recreation, accom m odation, and food s e rv ic e s ........................................................................................... Wholesale trade................................................. 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.................................. 2007 3.3 10.4 -0.2 -0 .7 3.1 -0.5 3.2 -0.9 3.1 2.5 1.2 3.9 2.4 3.1 4.8 4.1 5.8 3.3 4.4 2.4 2.3 3.8 4.2 3.4 3.3 2.1 1.6 2.5 2.9 2.7 1.4 -1.3 3.6 2.8 3.2 Arts, entertainm ent, and re cre atio n .......................................... Performing arts, spectator sports, museums, and related activities................................................................................... Amusements, gambling, and recreation industries................ 0.8 2.5 3.4 2.1 2.1 3.5 -2.4 -0,7 6.6 4.2 2.4 2.6 1.5 Accom m odation and food se rv ic e s .......................................... Accommodation.......................................................................... Food services and drinking places........................................... 1.6 2.3 1.4 -2.6 -3 .4 -2.9 -2.4 3.7 4.1 3.6 3.1 1.3 3.8 3.6 Other services, except gove rn m e nt.............................................. 2.2 -0.3 3.9 3.9 3.3 G overnm ent............................................................................................. 1.3 2.0 4.3 3.1 2.4 Federal................................................................................................. General government....................................................................... Government enterprises................................................................ 0.3 0.8 -2.9 2.7 3.9 -6.6 4.5 4.7 3.7 2.0 2.0 2.1 2.3 State and lo c a l................................................................................... General government....................................................................... Government enterprises................................................................ 1.8 1.7 2.6 1.8 1.4 5.7 4.2 4.4 2.2 3.5 3.6 2.1 2.4 Addenda: Private goods-producing industries1................................................ Private services-producing industries2............................................. Information-communications-technology-producing industries 3... 1.1 2.5 7.6 -2.5 0.6 5.4 0.1 2.8 3.3 -4.4 2.7 2.1 1.9 -5.0 -3.6 -3.2 assistance; arts, entertainment, recreation, accommodation, and food services; and other services, except government. 3. Consists of computer and electronic products; publishing industries (includes software); information and data processing services; and computer systems design and related services. D -6 2 N ovem ber 2 0 1 0 In te rn a tio n a l D ata F . T r a n s a c t i o n s S e le c t e d U . S . in t e r n a t io n a l T a b l e s i n t e r n a t io n a l t r a n s a c t io n s , t r a n s a c t i o n s v i s it B E A s W t a b le s e b s it e a r e a t w p r e s e n t e d w w i n t h is s e c t io n . F o r B E A ’s f u ll s e t o f d e t a ile d e s t im a t e s o f U . S . . b e a . g o v . Table F.1. U.S. International Transactions in Goods and Services [Millions of dollars, monthly estimates seasonally adjusted] 2009 E xports o f g oods and s e rv ic e s ............................................. G o o d s ...................................................................................... Foods, feeds, and beverages................................ Industrial supplies and materials............................ Capital goods, except automotive.......................... Automotive vehicles, parts, and engines.................. Consumer goods (nonfood), except automotive......... Other goods...................................................... Adjustments 1.................................................... 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................. 2010 2008 2009 Aug. Sept. Oct. Nov. Dec. Jan. Feb. March April May June July Aug. ' Sept. p 1,839,012 1,570,797 130,350 134,180 138,094 138,997 143,353 144,512 144,368 150,035 148,830 152,575 150,570 153,533 153,595 154,095 1,304,896 1,068,499 108,349 93,908 388,033 296,709 457,655 390,461 121,451 81,715 161,292 150,044 50,662 43,206 17,454 12,456 88,611 7,742 25,808 30,969 7,399 12,335 3,353 1,005 92,014 7,420 26,995 32,736 7,592 12,712 3,579 981 95,217 7,855 27,447 33,455 7,916 13,619 4,041 883 95,729 8,940 26,958 33,539 8,310 12,915 3,628 1,439 99,631 8,965 28,277 35,090 8,818 13,153 4,001 1,326 100,382 8,924 29,106 34,881 8,996 13,641 3,895 938 100,156 8,467 29,619 35,011 9,007 13,170 3,960 920 105,102 8,540 31,744 36,002 9,142 13,916 5,073 685 104,114 7,892 32,329 36,002 9,270 13,182 4,513 926 107,105 7,859 32,858 37,993 9,407 13,522 4,483 983 104,893 7,553 31,842 36,572 9,672 13,647 4,724 883 107,659 7,513 32,404 38,830 9,264 13,643 5,205 800 107,535 8,723 32,927 37,365 9,389 13,678 4,546 908 107,559 9,166 32,053 37,641 9,262 13,827 4,946 665 41,739 7,780 2,188 2,925 7,081 19,798 1,851 115 42,165 7,843 2,169 3,017 7,278 20,002 1,738 119 42,877 7,992 2,094 3,037 7,966 20,368 1,297 122 43,268 7,926 2,089 3,220 8,211 20,497 1,199 126 43,723 8,051 2,173 3,114 8,353 20,690 1,213 129 44,130 8,265 2,289 3,167 8,087 20,727 1,427 167 44,212 8,245 2,376 3,241 7,991 20,785 1,420 154 44,933 8,496 2,502 3,283 8,060 21,064 1,396 133 44,715 8,294 2,483 3,278 8,154 20,908 1,489 109 45,471 8,456 2,581 3,316 8,235 21,264 1,516 103 45,678 8,548 2,630 3,403 8,283 21,206 1,501 106 45,874 8,815 2,754 3,344 8,330 21,067 1,454 109 46,060 8,821 2,674 3,346 8,377 21,262 1,457 123 46,536 9,002 2,744 3,347 8,417 21,430 1,452 144 534,116 109,976 31,404 43,714 93,920 238,932 14,936 1,234 502,298 93,917 26,424 35,406 89,791 238,332 17,096 1,333 Im ports o f g oods and s e rv ic e s ............................................. 2,537,814 1,945,705 161,421 169,343 170,396 174,270 180,485 179,352 184,279 189,734 188,875 194,369 200,333 196,115 200,073 198,098 G o o d s ...................................................................................... Foods, feeds, and beverages................................ Industrial supplies and materials............................ Capital goods, except automotive.......................... Automotive vehicles, parts, and engines.................. Consumer goods (nonfood), except automotive......... Other goods...................................................... Adjustments 1.................................................... 2,139,548 1,575,443 88,997 81,604 779,481 462,512 453,743 369,336 231,242 157,629 481,643 428,379 68,536 60,165 35,907 15,818 130,716 6,698 37,561 30,274 14,617 35,155 4,844 1,566 138,282 6,679 42,671 31,139 15,650 35,514 5,256 1,373 139,193 6,843 41,020 32,023 15,998 36,679 4,989 1,641 142,792 6,725 43,353 32,609 16,098 37,520 4,917 1,571 148,713 6,919 47,446 33,718 17,026 36,958 5,122 1,524 147,634 7,267 46,713 33,524 16,750 36,464 5,097 1,818 151,823 7,227 49,344 33,903 16,045 38,315 5,213 1,775 157,504 7,510 52,055 34,400 17,620 38,910 5,137 1,873 156,866 7,505 52,204 35,961 17,348 37,382 4,638 1,827 161,744 7,714 50,088 37,883 19,500 39,991 4,668 1,899 167,115 7,739 49,880 38,272 20,788 43,103 5,258 2,075 162,742 7,642 49,367 37,715 20,012 41,138 4,913 1,956 166,657 7,795 49,606 38,605 20,666 42,557 5,345 2,082 164,431 7,810 49,670 39,894 19,291 40,694 5,026 2,046 30,705 6,181 2,153 3,177 2,035 14,176 2,577 406 31,061 6,185 2,140 3,330 2,063 14,349 2,577 417 31,203 6,127 2,144 3,268 2,182 14,475 2,562 445 31,478 6,130 2,200 3,409 2,226 14,497 2,561 455 31,772 6,091 2,234 3,592 2,255 14,574 2,566 460 31,718 6,269 2,205 3,603 2,295 14,366 2,571 408 32,456 6,180 2,154 3,738 3,044 14,371 2,574 396 32,230 6,202 2,279 3,946 2,323 14,513 2,576 391 32,009 5,946 2,219 3,956 2,351 14,562 2,576 398 32,625 6,118 2,402 4,101 2,381 14,646 2,576 402 33,218 6,232 2,424 4,346 2,581 14,654 2,574 408 33,373 6,439 2,476 4,341 2,451 14,683 2,571 413 33,416 6,426 2,414 4,404 2,446 14,739 2,567 420 33,667 6,541 2,473 4,338 2,466 14,858 2,562 429 -42,105 -46,268 11,033 11,104 -31,072 -35,164 -43,976 11,674 -32,302 -47,063 -49,082 11,790 11,950 -35,273 -37,132 -47,252 12,412 -34,840 -51,667 11,756 -39,912 -52,402 12,703 -39,699 -52,752 12,706 -40,045 -54,639 12,846 -41,794 -62,222 12,460 -49,762 -55,084 12,501 -42,583 -59,121 12,644 -46,477 -56,872 12,869 -44,003 S ervices.................................................................................. Travel.............. Passenger fares.. Other transportation........................................... Royalties and license fees.................................... Other private services......................................... Direct defense expenditures2............................... U.S. government miscellaneous services................. 398,266 79,726 32,563 53,702 25,781 173,686 28,311 4,497 370,262 73,230 25,980 41,586 25,230 168,892 30,474 4,871 Memoranda: Balance on goods.................................................. Balance on services............................................... Balance on goods and services................................ -834,652 135,850 -698,802 -506,944 132,036 -374,908 p Preliminary to prepare international and national accounts, r Revised 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 Source: U.S. Bureau of Economic Analysis and U.S. Census Bureau. S u r v e y o f C u r r e n t B u sin e ss N ovem ber 2 0 1 0 D -6 3 Table F.2. U.S. International Transactions [Millions of dollars] Not seasonally adjusted Line (Credits +; debits -) 2009 Seasonally adjusted 2009 I II 2010 III IV Ir 2009 I II » 2010 III II I r IV II p Current account 1 Exports of goods and services and income receipts................................ 2,159,000 510,070 522,236 543,188 583,506 587,045 616,998 521,735 520,110 540,729 576,426 600,182 613,859 2 Exports of goods and services................................................... 1,570,797 368,330 378,017 395,717 428,734 428,887 452,384 378,378 377,829 394,145 420,444 438,914 451,977 3 Goods, balance of payments basis........................................... 1,068,499 249,071 254,698 267,099 297,632 299,404 317,763 255,044 254,021 268,858 290,576 305,640 316,112 4 5 Services.......................................................................... Transfers under U.S. military agency sales contracts................... 502,298 17,096 119,259 3,381 123,319 4,561 128,618 5,445 131,102 3,709 129,483 4,242 134,620 4,506 123,334 3,381 123,808 4,561 125,287 5,445 129,868 3,709 133,274 4,242 135,865 4,506 6 7 8 Travel.......................................................................... Passenger fares............................................................. Other transportation......................................................... 93,917 26,424 35,406 20,712 6,632 8,307 23,803 6,357 8,620 27,190 7,165 8,935 22,212 6,269 9,544 21,907 6,783 9,366 26,007 7,468 10,018 23,631 7,035 8,652 23,006 6,534 8,549 23,311 6,498 8,834 23,969 6,356 9,371 25,006 7,167 9,691 25,298 7,694 9,998 9 10 11 Royalties and license fees........... Other private services................ U.S. government miscellaneous services................................ 89,791 238,332 1,333 19,610 60,314 302 24,310 55,359 309 20,073 59,466 345 25,798 63,193 377 22,507 64,223 454 26,335 59,969 318 21,502 58,831 302 22,363 58,487 309 21,396 59,458 345 24,530 61,555 377 24,138 62,576 454 24,672 63,379 318 12 13 14 1b 1b 1/ Income receipts.............................. Income receipts on U.S.-owned assets abroad............................. Direct investment receipts........... Other private receipts................ U.S. government receipts................................................... Compensation of employees.................................................. 588,203 585,256 346,073 234,458 4,724 2,947 141,741 141,003 73,778 64,788 2,436 738 144,219 143,481 84,320 58,080 1,081 738 147,471 146,743 90,516 55,506 721 728 154,772 154,029 97,459 56,084 486 743 158,158 157,399 101,058 55,981 360 759 164,614 163,835 105,986 57,557 292 779 143,356 142,618 75,363 64,788 2,467 738 142,281 141,543 82,354 58,080 1,109 738 146,584 145,855 89,626 55,506 723 728 155,982 155,239 98,730 56,084 425 743 161,268 160,509 104,130 55,981 398 759 161,883 161,104 103,224 57,557 323 779 18 Imports of goods and services and income payments............................. -2,412,489 -560,144 -575,903 -620,591 -655,850 -642,794 -705,148 -587,564 -574,265 -604,594 -646,066 -674,473 -704,274 19 Imports of goods and services................................................... -1,945,705 -443,865 -458,934 -507,905 -535,001 -524,111 -583,559 -468,817 -458,270 -493,467 -525,152 -553,365 -583,577 20 Goods, balance of payments basis........................................... -1,575,443 -356,380 -365,763 -412,108 -441,193 -433,087 -483,587 -376,241 -367,528 -400,977 -430,698 -456,961 -485,725 21 22 Services.......................................................................... Direct defense expenditures............................................... -370,262 -30,474 -87,486 -7,395 -93,171 -7,662 -95,797 -7,728 -93,808 -7,689 -91,023 -7,721 -99,972 -7,726 -92,576 -7,395 -90,742 -7,662 -92,490 -7,728 -94,454 -7,689 -96,404 -7,721 -97,852 -7,726 23 24 2b Travel.......................................................................... Passenger fares.... Other transportation -73,230 -25,980 -41,586 -16,160 -6,458 -10,667 -20,138 -6,661 -10,145 -20,988 -6,710 -10,369 -15,944 -6,151 -10,405 -16,070 -6,324 -10,642 -20,610 -7,554 -12,269 -18,702 -6,784 -11,295 -17,721 -6,163 -10,141 -18,459 -6,455 -9,880 -18,348 -6,578 -10,269 -18,651 -6,638 -11,287 -18,296 -7,045 -12,404 26 2/ 28 Royalties and license fees.................................................. Other private services...................................................... U.S. government miscellaneous services................................ -25,230 -168,892 -4,871 -5,728 -39,940 -1,138 -6,289 -41,124 -1,152 -6,054 -42,728 -1,220 -7,159 -45,100 -1,360 -7,322 -41,750 -1,194 -7,092 -43,513 -1,208 -5,988 -41,274 -1,138 -6,442 -41,461 -1,152 -6,137 -42,611 -1,220 -6,663 -43,546 -1,360 -7,662 -43,250 -1,194 -7,312 -43,861 -1,208 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.................................................. -466,783 -456,027 -94,010 -218,020 -143,997 -10,757 -116,279 -113,590 -11,221 -63,460 -38,909 -2,689 -116,969 -114,452 -23,939 -54,146 -36,367 -2,517 -112,686 -110,112 -25,000 -50,473 -34,639 -2,574 -120,849 -117,873 -33,850 -49,941 -34,082 -2,976 -118,684 -115,891 -32,730 -48,426 -34,735 -2,793 -121,589 -118,894 -33,341 -49,925 -35,628 -2,695 -118,747 -116,032 -13,663 -63,460 -38,909 -2,715 -115,995 -113,323 -22,810 -54,146 -36,367 -2,673 -111,127 -108,460 -23,348 -50,473 -34,639 -2,667 -120,914 -118,212 -34,189 -49,941 -34,082 -2,702 -121,108 -118,304 -35,143 -48,426 -34,735 -2,804 -120,697 -117,833 -32,280 -49,925 -35,628 -2,865 35 Unilateral current transfers, net 36 U.S. government grants.... 3/ U.S. government pensions and other transfers................................ 38 Private remittances and other transfers......................................... -124,943 -41,638 -8,874 -74,431 -30,142 -8,641 -1,842 -19,659 -29,481 -10,969 -1,832 -16,681 -34,174 -13,067 -2,684 -18,423 -31,146 -8,962 -2,516 -19,668 -36,046 -12,311 -2,587 -21,147 -31,205 -10,112 -1,571 -19,522 -29,747 -8,641 -2,180 -18,927 -30,292 -10,969 -2,222 -17,101 -33,638 -13,067 -2,233 -18,338 -31,268 -8,962 -2,241 -20,065 -34,867 -12,311 -2,548 -20,008 -32,868 -10,112 -2,585 -20,170 -140 -20 -29 -36 -56 -3 -1 -20 -29 -36 -56 -3 -1 Capital account 39 Capital account transactions, net................................................................ Financial account 40 U.S.-owned assets abroad, excluding financial derivatives (increase/ financial outflow ( - ) ) .................................................................................. -140,465 107,054 26,351 -283,801 9,930 -305,061 -147,678 112,726 31,734 -276,241 -8,685 -301,389 -139,056 41 42 43 44 4b U.S. official reserve assets........................................................ Gold.................................................. Special drawing rights............................. Reserve position in the International Monetary Fund...................... Foreign currencies................................. -52,256 0 -48,230 -3,357 -669 -982 0 -15 -754 -213 -3,632 0 -8 -3,485 -139 -49,021 0 -47,720 -1,098 -203 1,379 0 -487 1,980 -114 -773 0 -7 -581 -185 -165 0 -6 -77 -82 -982 0 -15 -754 -213 -3,632 0 -8 -3,485 -139 -49,021 0 -47,720 -1,098 -203 1,379 0 -487 1,980 -114 -773 0 -7 -581 -185 -165 0 -6 -77 -82 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............... 541,342 -4,069 2,133 543,278 244,102 -240 484 243,858 193,750 -1,947 432 195,265 57,736 -616 534 57,818 45,754 -1,266 683 46,337 9,433 -1,247 399 10,281 -2,352 -1,709 662 -1,305 244,102 -240 484 243,858 193,750 -1,947 432 195,265 57,736 -616 534 57,818 45,754 -1,266 683 46,337 9,433 -1,247 399 10,281 -2,352 -1,709 662 -1,305 50 51 52 53 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 and securities brokers............... -629,552 -268,680 -208,213 -136,066 -50,817 -29,176 -163,767 -67,449 -86,725 -292,516 -85,873 —46,823 -37,203 -64,541 -45,489 -313,720 -106,612 -46,147 -145,162 -90,099 -20,665 -130,394 -45,145 -29,176 -158,384 -62,066 -86,725 -284,956 -78,313 -46,823 -55,817 -83,155 -45,489 -310,048 -102,940 -46,147 -136,539 -81,476 -20,665 124,428 -277,087 2,717 -58,790 22,161 -31,754 83,302 -243,122 16,248 56,579 10,821 -171,782 -17,905 -16,493 2,717 -58,790 22,161 -31,754 83,302 -243,122 16,248 56,579 10,821 -171,782 -17,905 -16,493 54 55 Foreign-owned assets in the United States, excluding financial derivatives (increase/financial inflow (+))............................................... 305,736 -113,843 -26,060 344,720 100,919 318,242 178,193 -111,916 -28,348 342,385 103,615 320,217 175,642 56 5/ 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 and securities brokers............. Other foreign official assets................................ 450,030 441,056 561,125 -120,069 57,971 -70,851 21,854 107,912 145,512 163,809 -18,297 2,534 -44,928 4,794 128,667 120,776 149,213 -28,437 685 -4,900 12,106 96,616 73,293 123,675 -50,382 53,455 -33,735 3,603 116,835 101,475 124,428 -22,953 1,297 12,712 1,351 72,507 83,384 89,654 -6,270 4,060 -15,968 1,031 49,645 44,168 24,549 19,619 2,515 3,612 -650 107,912 145,512 163,809 -18,297 2,534 -44,928 4,794 128,667 120,776 149,213 -28,437 685 -4,900 12,106 96,616 73,293 123,675 -50,382 53,455 -33,735 3,603 116,835 101,475 124,428 -22,953 1,297 12,712 1,351 72,507 83,384 89,654 -6,270 4,060 -15,968 1,031 49,645 44,168 24,549 19,619 2,515 3,612 -650 63 64 65 66 6/ 68 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 and securities brokers............. -144,294 134,707 22,781 59 12,632 -221,755 3,939 46,084 -67,781 11,816 -154,727 33,812 -29,321 -221 -1,935 248,104 58,138 -9,203 47,708 4,179 -15,916 38,818 15,221 20,353 -1,428 245,735 49,593 103,092 6,077 2,265 128,548 29,727 99,026 -5,723 2,100 -219,828 5,866 46,084 -67,781 11,816 -157,015 31,524 -29,321 -221 -1,935 245,769 55,803 -9,203 47,708 4,179 -13,220 41,514 15,221 20,353 -1,428 247,710 51,568 103,092 6,077 2,265 125,997 27,176 99,026 -5,723 2,100 -1,460 -313,013 -11,614 -204,199 26,564 -183,626 8,572 138,710 -24,982 -63,898 20,877 63,831 15,368 -11,950 -11,614 -204,199 26,564 -183,626 8,572 138,710 -24,982 -63,898 20,877 63,831 15,368 -11,950 70 Financial derivatives, net............................................................................... 50,804 7,221 11,275 11,496 20,812 15,838 n.a. 7,221 11,275 11,496 20,812 15,838 n.a. 71 Statistical discrepancy (sum of above items with sign reversed)............ 162,497 79,803 71,611 39,198 -28,115 62,779 1 88,841 87,565 69,815 19,899 -14,779 74,494 1 86,697 7,761 -1,796 -19,298 13,336 11,715 -2,144 -506,944 132,036 -374,908 121,419 -124,943 -378,432 -107,309 31,773 -75,536 25,462 -30,142 -80,215 -111,065 30,147 -80,918 27,250 -29,481 -83,149 -145,009 32,821 -112,188 34,785 -34,174 -111,577 -143,561 37,294 -106,267 33,923 -31,146 -103,490 -133,683 38,459 -95,224 39,474 -36,046 -91,795 -165,823 34,648 -131,176 43,026 -31,205 -119,355 -121,197 30,758 -90,439 24,609 -29,747 -95,577 -113,507 33,066 -80,441 26,286 -30,292 -84,447 -132,119 32,797 -99,322 35,457 -33,638 -97,503 -140,121 35,414 -104,707 35,068 -31,268 -100,907 -151,321 36,870 -114,451 40,160 -34,867 -109,158 -169,613 38,013 -131,600 41,185 -32,868 -123,283 69 71a Of which: Seasonal adjustment discrepancy................................... 72 /3 74 /b /6 77 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 1. Calculated excluding financial derivatives, net (line 70). D -6 4 N ovem ber 2 0 1 0 In te r n a tio n a l D a t a Table F.3. U.S. International Transactions, by Area— Continues [Millions of dollars] European Union Europe Line Euro area United Kingdom (Credits +; debits -) 2010:1 r 2010:11 2010:1 r p 2010:11 2010:1 r p 2010:11 2010:1 r p 2010:11 p Current account 1 Exports of goods and services and income receipts.................................................... 186,648 197,247 158,164 166,550 109,286 115,415 38,758 40,697 2 Exports of goods and services.................................................................. 115,536 124,025 98,128 104,593 66,155 71,321 24,633 25,724 3 Goods, balance of payments basis.......................................................... 68,312 71,221 58,214 59,553 41,739 43,838 12,632 11,990 4 5 Services......................................................................................... Transfers under U.S. military agency sales contracts................................. 47,224 415 52,804 432 39,913 228 45,040 262 24,416 117 27,482 160 12,001 92 13,734 75 6 7 8 Travel......................................................................................... Passenger fares. Other transportation....................................................................... 5,327 1,674 3,587 8,268 2,554 3,869 4,729 1,483 3,066 7,512 2,287 3,314 2,715 858 1,702 4,250 1,287 1,809 1,479 509 811 2,522 793 917 9 10 11 Royalties and license fees................................................................ Other private services..................................................................... U.S. government miscellaneous services............................................... 11,051 25,045 125 12,506 25,084 90 8,610 21,690 107 9,731 21,858 75 6,917 12,036 71 7,769 12,165 42 1,150 7,938 22 1,334 8,072 21 12 13 14 15 16 17 Income receipts................................................................................... Income receipts on U.S.-owned assets abroad........................................... Direct investment receipts................................................................ Other private receipts,. U.S. government receipts Compensation of employees................................................................. 71,113 70,994 46,768 24,042 184 118 73,222 73,098 48,998 24,030 70 124 60,037 59,942 38,795 20,975 172 95 61,957 61,857 40,806 20,987 64 99 43,131 43,056 30,870 12,014 172 75 44,094 44,017 31,953 12,002 62 77 14,124 14,097 6,289 7,808 0 27 14,973 14,945 7,165 7,780 0 28 18 Imports of goods and services and income payments................................................. -179,502 -196,924 -153,047 -165,636 -104,065 -115,812 -38,438 -37,163 19 Imports of goods and services.................................................................. -122,631 -138,740 -103,429 -115,674 -74,539 -82,778 -21,136 -23,107 20 Goods, balance of payments basis.......................................................... -86,964 -96,156 -73,452 -79,601 -55,965 -60,352 -12,063 -12,420 21 22 Services......................................................................................... Direct defense expenditures.............................................................. -35,667 -3,189 -42,584 -3,179 -29,976 -2,926 -36,073 -2,916 -18,575 -2,675 -22,426 -2,680 -9,073 -236 -10,687 -236 -3,048 -2,433 -4,293 -6,919 -3,595 -4,997 -2,721 -2,220 -3,426 -6,151 -3,276 -3,950 -1,861 -1,387 -2,127 -4,204 -2,052 -2,422 -714 -763 -561 -1,480 -1,042 -641 23 24 25 Travel...................... Passenger fares......... Other transportation 26 27 28 Royalties and license fees................................................................. Other private services U.S. government miscellaneous services............................................... -3,969 -18,143 -591 -4,156 -19,119 -619 -3,076 -15,185 -423 -3,213 -16,164 -403 -1,996 -8,219 -310 -2,092 -8,674 -302 -668 -6,086 -46 -694 -6,547 -46 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................................................................. -56,871 -56,666 -24,218 -27,092 -5,356 -205 -58,184 -58,017 -24,722 -27,525 -5,770 -167 -49,618 -49,463 -21,466 -24,417 -3,580 -155 -49,961 -49,832 -21,213 -24,744 -3,875 -129 -29,526 -29,419 -11,511 -15,226 -2,682 -107 -33,034 -32,942 -14,928 -15,324 -2,690 -93 -17,302 -17,269 -8,230 -8,584 -455 -33 -14,056 -14,028 -4,480 -8,792 -756 -29 35 Unilateral current transfers, net 36 U.S. government grants........ 37 U.S. government pensions and other transfers............................................... 38 Private remittances and other transfers....................................................... -2,691 -421 -502 -1,768 -2,328 -409 -516 -1,403 -978 -43 -468 -466 -859 -33 -480 -346 -770 -8 -354 -408 -599 -3 -350 -246 -28 0 -75 47 -78 0 -76 -2 0 0 0 0 0 0 0 0 -83,818 62,125 -92,092 71,448 29,058 43,377 -112,454 33,527 -152 0 -56 0 -144 0 -47 0 -144 0 -47 0 0 0 0 0 Capital account 39 Capital account transactions, net.................................................................................... Financial account 40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow ( - ) ) .................................................................................... 41 U.S. official reserve assets....................................................................... 42 Gold................. 43 Special drawing rights......................................................................... 44 Reserve position in the International Monetary Fund.................................... 45 Foreign currencies ............ ...................................... -152 -56 -144 -47 -144 -47 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............................. 6,479 -44 47 6,476 -1,188 -160 44 -1,072 6,530 -8 27 6,511 -1,161 -125 10 -1,046 6,533 0 27 6,506 -1,022 0 10 -1,032 1 0 0 1 0 0 0 0 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 and securities brokers............................. -90,145 -56,997 -20,557 -3,928 -8,663 63,368 -45,706 6,196 -15,803 118,681 -98,478 -58,775 -24,166 -4,524 -11,013 72,656 -39,510 622 -15,913 127,457 22,669 -32,633 -24,938 22,055 58,185 44,446 -29,209 -20,064 12,096 81,623 -112,455 -24,812 4,974 -28,408 -64,209 33,527 -10,663 18,837 -28,505 53,858 55 Foreign-owned assets in the United States, excluding financial derivatives (increase/financial inflow (+))....................................................................................... 149,313 109,661 159,278 63,507 7,198 27,030 137,340 33,585 4,088 (') (') (') 252 (') (1) 145,225 42,528 10,143 -11,734 n.a. 24,704 79,584 32,875 (') 0 (’) 639 (1) (1) 76,786 15,893 66,530 -2,513 n.a. -16,988 13,864 (2) (2) (2) (2) 136 (2) (2) (2) (2) (2) (2) 266 (2) (2) (2) (2) (2) (2) 35 (2) (2) (2) (2) (2) (2) -38 (2) (2) (2) (2) (2) (2) 71 (2) (2) (2) (2) (2) (2) 228 (2) (2) (2) 38,729 (2) -12,060 n.a. 24,876 2107,597 (2) 9,317 (2) -3,963 n.a. -18,211 276,098 (2) 20,486 (2) -5,275 n.a. -69 2-7,979 (2) 17,664 (2) -8,994 n.a. -6,253 224,651 (2) 10,779 (2) -6,084 n.a. 25,076 2107,498 (2) -2,863 (2) 6,053 n.a. -11,823 241,990 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 and securities brokers........................... Other foreign official assets......... 63 64 65 66 67 68 69 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 and securities brokers........................... 70 Financial derivatives, net.................................................................................................. 13,652 n.a. 11,276 n.a. 1,931 n.a. 9,823 n.a. 71 Statistical discrepancy (sum o f above items with sign reversed)............................... -83,603 4-169,781 -82,602 4-135,010 -42,639 4-69,410 -35,001 4-70,567 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 (iine 35).......................................................... Balance on current account (lines 1,18, and 35 or lines 74, 75, and 76).................... -18,652 11,557 -7,095 14,241 -2,691 4,455 -24,934 10,219 -14,715 15,038 -2,328 -2,005 -15,238 9,937 -5,301 10,418 -978 4,140 -20,048 8,966 -11,081 11,995 -859 55 -14,226 5,841 -8,385 13,606 -770 4,451 -16,514 5,057 -11,457 11,060 -599 -996 569 2,928 3,497 -3,177 -28 292 -430 3,047 2,617 916 -78 3,455 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. 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. 4. Calculated excluding financial derivatives, net (line 70). S u r v e y o f C u r r e n t B u sin e ss N ovem ber 2 0 1 0 D -6 5 Table F.3. U.S. International Transactions, by Area—Continues [Millions of dollars] Latin America and Other Western Hemisphere Canada Line (Credits +; debits -) 2010:11 2010:1 ' 2010:1r p 2010:11 Mexico 2010:1r p Australia Asia and Pacific 2010:11 2010:1 r p 2010:11 2010:11 2010:1 r p p Current account 1 Exports of goods and services and income receipts.................................................... 81,888 89,783 122,611 131,693 45,773 49,105 152,571 154,477 12,513 14,065 2 Exports of goods and services.................................................................. 70,341 77,570 92,191 98,983 42,530 45,497 124,342 124,749 7,978 8,662 3 Goods, balance of payments basis.......................................................... 58,125 64,847 69,002 74,907 37,173 40,074 85,909 88,167 5,018 5,399 4 5 Services......................................................................................... Transfers under U.S. military agency sales contracts................................. 12,217 27 12,723 64 23,188 287 24,076 382 5,357 4 5,423 6 38,432 2,450 36,583 2,488 2,960 85 3,263 90 6 7 8 Travel......................................................................................... Passenger fares... Other transportation 4,248 1,137 717 4,556 1,170 761 5,191 1,971 1,324 5,783 2,012 1,343 1,382 693 267 1,479 543 284 6,262 1,817 3,121 6,351 1,498 3,403 618 137 108 838 124 121 9 10 11 Royalties and license fees................................................................ Other private services..................................................................... U.S. government miscellaneous services............................................... 1,596 4,450 41 1,899 4,233 39 2,126 12,239 50 2,479 12,027 50 448 2,556 8 521 2,581 8 7,365 17,221 197 9,015 13,726 103 476 1,525 11 555 1,527 8 12 13 14 15 16 1/ Income receipts................................................................................... Income receipts on U.S.-owned assets abroad........................................... Direct investment receipts................................................................ Other private receipts...................................................................... U.S. government receipts................................................................. Compensation of employees................................................................ 11,547 11,507 6,860 4,646 1 40 12,213 12,168 7,277 4,891 0 45 30,420 30,363 19,414 10,934 15 57 32,710 32,651 20,916 11,656 79 59 3,243 3,234 2,392 836 6 9 3,609 3,599 2,633 946 20 9 28,229 28,124 18,849 9,202 73 105 29,728 29,621 19,766 9,775 80 107 4,535 4,528 1,904 2,624 0 7 5,402 5,395 2,696 2,699 0 8 18 Imports of goods and services and income payments................................................ -79,717 -84,502 -119,004 -127,122 -59,743 -64,736 -213,565 -240,847 -5,269 -5,528 19 Imports of goods and services.................................................................. -73,156 -79,538 -104,066 -111,068 -57,109 -61,867 -179,116 -204,457 -3,550 -3,638 20 Goods, balance of payments basis......................................................... -67,909 -73,087 -84,307 -91,657 -53,153 -58,531 -155,776 -179,856 -2,019 -2,164 21 22 Services......................................................................................... Direct defense expenditures.............................................................. -5,247 -65 -6,451 -65 -19,759 -72 -19,410 -72 -3,956 -3,336 -4 -4 -23,340 -2,080 -24,602 -2,105 -1,531 -54 -1,474 -54 23 24 25 Travel................ Passenger fares... Other transportation....................................................................... -925 -120 -989 -1,789 -131 -1,106 -6,391 -764 -1,073 -5,881 -846 -1,108 -2,821 -192 -158 -2,191 -159 -154 -4,324 -2,407 -3,841 -4,331 -2,304 -4,579 -378 -221 -56 -311 -169 -61 26 27 28 Royalties and license fees................................................................ Other private services..................................................................... U.S. government miscellaneous services............................................... -240 -2,805 -104 -245 -3,013 -102 -49 -11,255 -154 -50 -11,299 -155 -25 -710 -47 -25 -756 -47 -2,241 -8,246 -201 -2,381 -8,704 -197 -110 -691 -21 -115 -740 -24 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.. -6,560 -6,396 -3,736 -2,179 -481 -165 -4,964 -4,811 -1,859 -2,310 -642 -153 -14,938 -13,090 160 -9,937 -3,313 -1,848 -16,055 -14,038 -404 -10,384 -3,250 -2,016 -2,633 -840 -120 -264 -456 -1,793 -2,869 -891 -156 -285 -450 -1,978 -34,449 -33,938 -3,700 -6,269 -23,969 -511 -36,389 -36,066 -5,121 -6,569 -24,376 -324 -1,719 -1,713 -874 -698 -141 -7 -1,890 -1,885 -1,028 -737 -120 -5 35 Unilateral current transfers, net... U.S. government grants.......................................................................... 36 37 U.S. government pensions and other transfers............................................... Private remittances and other transfers....................................................... 38 -803 0 -174 -629 -757 0 -176 -581 -8,013 -738 -218 -7,057 -8,256 -1,061 -225 -6,970 -3,238 -91 -3,078 -3,368 -215 -93 -3,060 -8,706 -3,493 -241 -4,972 -7,993 -3,568 -252 -4,173 -139 0 -23 -116 -141 0 -25 -116 0 0 -2 0 0 0 0 0 0 0 -G9 Capital account 39 Capital account transactions, net.................................................................................... Financial account 40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow ( - ) ) .................................................................................... -46,401 -12,799 -102,158 -117,162 -4,459 -6,607 -70,777 -72,558 -11,743 -10,640 41 42 43 44 45 U.S. official reserve assets...................................................................... Gold................................................. Special drawing rights............................. 0 0 0 0 0 0 0 0 0 0 0 0 -33 0 -26 0 0 0 0 0 -33 -26 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............................. -3 -3 1 -1 3,256 -8 38 3,226 247 -136 387 -4 3,222 0 0 3,222 50 -1 53 -2 629 -95 159 565 -127 -57 163 -233 -1 0 0 -1 1 0 0 1 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 and securities brokers............................. -46,398 -10,972 -7,057 1,345 -29,714 1 0 1 (*) -12,800 -4,224 -18,358 456 9,326 -105,414 -16,113 -4,815 11,830 -96,316 -117,409 -20,870 -9,331 -1,053 -86,155 -7,681 -836 -5,324 -23 -1,498 -6,657 -1,858 -914 -255 -3,630 -71,373 -15,668 -15,760 924 -40,869 -72,406 -11,850 -3,583 -337 -56,636 -11,742 -3,215 -10,840 883 1,430 -10,641 -2,617 -1,237 -47 -6,740 55 Foreign-owned assets in the United States, excluding financial derivatives (increase/financial inflow (+))....................................................................................... 40,326 21,171 11,655 -5,801 2,459 2,149 97,846 55,237 -1,960 -2,349 1,830 (1) (1) (1) 9 (1) (1) 19,341 459 0 1,657 n.a. n -433 -11,189 (’) 0 0 -151 0 0 22,844 -1,267 (1) 20,760 n.a. ( ’) -9,687 5,047 ( 1) (1) (1) 194 (1) (1) -10,848 4,526 (1) -19,191 n.a. ( 1) -39,008 (2) (2) (2) (2) 7 (2) (2) (2) (2) (2) (2) 152 n (2) 62,517 ( 1) (1) (1) 2,674 (2) (2) (2) (2) 159 (2) (2) (2) (2) (2) (2) 148 (2) (2) (2) -715 (2) 2,015 n.a. 145 21,007 (2) 300 (2) 1,663 n.a. 387 2-353 35,329 2,890 0 -3,611 n.a. (’) -10,936 23,237 (1) 0 0 989 (1) (’) 32,000 7,378 (1) 16,344 n.a. (1) 10,257 (2) 590 (2) 2,283 n.a. -94 2-4,898 (2) -865 (2) -1,143 n.a. 233 2-722 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 and securities brokers........................... Other foreign official assets.................................................................. 63 64 65 66 6/ 68 69 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 and securities brokers........................... -520 (’) n n 9 0 (') 40,846 3,289 (’) 3,980 n.a. (1) 8,827 70 Financial derivatives, net.................................................................................................. -2,087 n.a. 5,608 n.a. -1,203 n.a. 484 n.a. 6,795 4-12,896 89,304 4126,649 (3) 19,208 n.a. 71 Statistical discrepancy (sum of above items with sign reversed)............................... 423,457 43,835 4111,684 6,113 44,594 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).................... -9,784 6,969 -2,815 4,986 -803 1,368 -8,240 6,272 -1,968 7,249 -757 4,524 -15,305 3,430 -11,875 15,482 -8,013 -4,406 -16,751 4,666 -12,085 16,655 -8,256 -3,686 -15,980 1,401 -14,579 609 -3,238 -17,208 -18,457 2,087 -16,370 739 -3,368 -18,999 -69,867 15,093 -54,774 -6,220 -8,706 -69,700 -91,689 11,981 -79,708 -6,662 -7,993 -94,362 2,999 1,429 4,428 2,816 -139 7,105 3,235 1,790 5,024 3,512 -141 8,395 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. (') V) 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. 4. Calculated excluding financial derivatives, net (line 70). D -6 6 In te r n a tio n a l D a t a N ovem ber 2010 Table F.3. U.S. International Transactions, by Area—Table Ends [Millions of dollars] China Line India Japan Middle East Africa (Credits +; debits -) 2010:1 ' 2010:11 2010:1 r p 2010:11 2010:1 r p 2010:11 2010:1 r p 2010:11 2010:1 r p 2010:11 p Current account 1 Exports of goods and services and income receipts.................................................... 29,385 27,338 7,805 8,862 32,712 32,304 19,339 19,905 11,564 2 Exports of goods and services.................................................................. 26,405 24,244 6,875 7,686 26,340 25,994 16,737 17,416 9,035 8,883 3 Goods, balance of payments basis.......................................................... 21,330 20,337 4,012 5,239 14,901 14,892 11,735 12,368 6,322 6,254 4 5 Services......................................................................................... Transfers under U.S. military agency sales contracts................................. 5,075 0 3,907 0 2,862 4 2,446 1 11,439 74 11,101 46 5,003 915 5,048 996 2,714 119 2,630 94 6 7 8 Travel......................................................................................... Passenger fares............................................................................ Other transportation....................................................................... 817 295 539 587 169 579 503 189 90 936 366 85 2,596 1,135 840 2,185 746 897 605 80 479 643 88 519 274 104 124 406 146 113 9 10 11 Royalties and license fees................................................................. Other private services..................................................................... U.S. government miscellaneous services............................................... 588 2,827 10 699 1,868 6 100 1,962 14 120 924 13 2,484 4,219 91 3,067 4,130 31 176 2,723 25 212 2,570 20 192 1,884 17 223 1,631 16 12 13 14 15 16 1/ Income receipts................................................................................... Income receipts on U.S.-owned assets abroad........................................... Direct investment receipts.................. Other private receipts....................... U.S. government receipts................... Compensation of employees.................. 2,980 2,970 2,552 407 11 10 3,095 3,084 2,611 468 5 11 931 926 572 350 4 5 1,177 1,172 755 413 4 5 6,372 6,351 3,283 3,034 34. 21 6,311 6,289 3,105 3,158 26 21 2,601 2,575 2,001 542 32 26 2,489 2,462 1,872 579 11 27 2,528 2,505 2,106 350 49 23 2,581 2,556 2,121 394 41 25 18 Imports of goods and services and income payments -87,729 -103,009 -10,088 -11,397 -46,981 -50,162 -24,555 -28,197 -22,488 -24,043 19 -75,315 -90,462 -9,632 -11,029 -34,351 -35,997 -22,198 -25,788 -22,103 -23,702 Imports of goods and services.................... 11,464 20 Goods, balance of payments basis.......................................................... -73,046 -88,107 -6,579 -7,885 -28,106 -28,948 -17,848 -21,217 -20,283 -21,614 21 22 Services......................................................................................... Direct defense expenditures.............................................................. -2,269 -4 -2,355 -4 -3,053 0 -3,144 0 -6,245 -545 -7,049 -545 -4,350 -2,216 -4,571 -2,206 -1,819 -99 -2,087 -99 23 24 2b Travel......................................................................................... Passenger fares.. Other transportation....................................................................... -697 -129 -621 -626 -123 -730 -474 -56 -43 -487 -38 -29 -680 -335 -1,234 -1,032 -393 -1,423 -617 -472 -309 -726 -530 -336 -765 -128 -94 -964 -148 -110 26 2/ 28 Royalties and license fees................................................................ Other private services..................................................................... U.S. government miscellaneous services............................................... -33 -775 -9 -34 -829 -10 -32 -2,440 -7 -33 -2,551 -7 -2,010 -1,404 -38 -2,142 -1,485 -28 -46 -614 -77 -46 -655 -72 -8 -657 -68 -8 -695 -63 29 30 31 32 33 34 Income payments...... Income payments on foreign-owned assets in the United States....................... Direct investment payments.............................................................. Other private payments.... U.S. government payments............................................................... Compensation of employees -12,415 -12,240 -21 -666 -11,553 -175 -12,547 -12,419 -11 -716 -11,692 -128 -456 -338 -106 -56 -176 -118 -368 -300 -78 -56 -166 -68 -12,630 -12,589 -2,267 -3,010 -7,312 -42 -14,165 -14,136 -3,545 -3,086 -7,505 -29 -2,357 -2,328 6 -1,138 -1,196 -29 -2,409 -2,392 -36 -1,189 -1,167 -17 -385 -351 -52 -89 -210 -35 -342 -323 -11 -95 -217 -19 35 Unilateral current transfers, net. 36 U.S. government grants......... 3/ U.S. government pensions and other transfers............................................... 38 Private remittances and other transfers....................................................... -903 -6 -2 -895 -701 -6 -2 -693 -1,286 -22 -7 -1,257 -1,048 -26 -7 -1,016 -300 0 -68 -232 -292 0 -70 -222 -4,322 -3,472 -36 -814 -2,105 -1,300 -39 -766 -3,759 -2,706 -9 -1,044 -2,696 -1,689 -9 -998 0 0 0 0 0 0 0 0 -1 -1 Capital account 39 Capital account transactions, net.................................................................................... Financial account 40 U.S.-owned assets abroad, excluding financial derivatives (increase/financial outflow ( - ) ) .................................................................................... -6,876 -9,415 -3,644 -2,849 -20,359 -26,386 8,329 -3,645 -3,763 -1,135 41 42 43 44 45 U.S. official reserve assets....................................................................... Gold............................................................................................. 0 0 0 0 0 0 0 0 -33 0 -26 0 0 0 0 0 0 0 0 0 -33 -26 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............................. 30 0 36 -6 29 0 22 7 21 0 12 9 17 0 11 6 548 0 0 548 -209 0 0 -209 -579 -632 31 22 51 -2 45 8 63 -53 123 -7 -53 -71 22 -4 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 and securities brokers.............................. -6,906 -2,611 3,830 85 -8,210 -9,444 -1,858 70 -99 -7,557 -3,665 -865 -663 53 -2,190 -2,866 -965 -142 -174 -1,585 -20,874 547 -9,418 283 -12,286 -26,151 -1,539 2,512 -364 -26,760 8,908 -337 135 414 8,696 -3,696 -147 1,062 -1,081 -3,530 -3,826 -1,466 -1,046 240 -1,554 -1,082 -2,266 2,223 -93 -946 55 Foreign-owned assets in the United States, excluding financial derivatives (increase/financial inflow (+))....................................................................................... 43,591 -21,629 1,425 3,744 14,305 46,156 12,527 -16,985 2,312 7,933 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 and securities brokers........................... Other foreign official assets.. (2) (2) (2) (2) 0 (2) (2) (2) (2) (2) (2) 0 (2) (2) (2) H (2) (2) 49 (2) (2) (2) (2) (2) (2) 104 (2) (2) (2) (2) (2) (2) -45 (2) (2) (2) (2) (2) (2) 114 (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 and securities brokers........................... (2) 29 (2) -110 n.a. -203 243,875 (2) 167 (2) 1,604 n.a. 329 2-23,729 (2) 297 (2) -149 n.a. 134 21,094 (2) 198 (2) -100 n.a. -42 23,584 (2) 1,923 (2) -11,625 n.a. -947 224,999 (2) 6,747 (2) 7,350 n.a. -198 232,143 -16,507 0 ( 1) (1) 607 (') (') -478 233 (1) -869 n.a. (') 427 1,407 (1) (1) (’) 225 (') ( 1) 905 1,066 (') -657 n.a. ( 1) -1,684 3,161 0 ( ’) 63 64 65 66 6/ 68 69 16,174 ( 1) (') (') 1,021 n (1) -3,647 -103 (1) -1,290 n.a. (') -3,253 70 Financial derivatives, net.................................................................................................. (3) 22,532 n.a. -2,248 n.a. 35 n.a. 42,687 22,872 4-1,621 (3) -11,318 n.a. 4107,417 (3) 5,788 n.a. 71 Statistical discrepancy (sum o f above items with sign reversed)............................... 431,026 16,101 48,478 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).................... -51,716 2,806 -48,910 -9,434 -903 -59,247 -67,770 1,552 -66,219 -9,452 -701 -76,372 -2,567 -190 -2,757 475 -1,286 -3,569 -2,645 -698 -3,343 809 -1,048 -3,583 -13,205 5,193 -8,011 -6,258 -300 -14,569 -14,056 4,052 -10,003 -7,854 -292 -18,150 -6,113 652 -5,461 244 -4,322 -9,538 -8,849 477 -8,372 80 -2,105 -10,397 -13,962 894 -13,067 2,143 -3,759 -14,683 -15,361 542 -14,818 2,239 -2,696 -15,275 72 /3 74 /5 76 77 p Preliminary r Revised (*) Transactions are less than $500,000 (+/-) 1. Details not shown separately; see totals in lines 56 and 63. 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. 4. Calculated excluding financial derivatives, net (line 70). (') 75 (') (') 4,772 52 n -237 n.a. (’) -630 S u r v e y o f C u r r e n t B u sin e ss N ovem ber 2 010 D -6 7 Table F.4. Private Services Transactions [Millions of dollars] Not seasonally adjustec Line 2009 2009 I 1 E xports o f private s e rv ic e s ............................................................... Seasonally adjusted 483,869 115,576 II 2010 III IV I r 2009 II p I 2010 III IV I r II p 128,578 131,041 118,449 122,828 127,016 124,786 129,796 118,939 119,498 125,782 2 3 4 5 6 Travel (table F.2, line 6 ).................................................... Passenger fares (table F.2, line 7 )...................................... Other transportation (table F.2, line 8)................................. Freight...................................................................... Port services............................................................. 93,917 26,424 35,406 17,247 18,159 20,712 6,632 8,307 4,061 4,247 23,803 6,357 8,620 4,103 4,517 27,190 7,165 8,935 4,332 4,603 22,212 6,269 9,544 4,752 4,792 21,907 6,783 9,366 4,680 4,686 26,007 7,468 10,018 4,983 5,035 23,631 7,035 8,652 4,168 4,484 23,006 6,534 8,549 4,073 4,476 23,311 6,498 8,834 4,335 4,499 23,969 6,356 9,371 4,671 4,700 25,006 7,167 9,691 4,777 4,914 25,298 7,694 9,998 4,974 5,025 7 Royalties and license fees (table F.2, line 9).......................... By type:1 .................................................................. Industrial processes 2 ............................................... O ther3.................................................................. 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....................... 89,791 19,610 24,310 20,073 25,798 22,507 26,335 21,502 22,363 21,396 24,530 24,138 24,672 35,630 54,161 7,822 11,788 8,348 15,962 8,843 11,230 10,617 15,181 8,984 13,523 9,298 17,037 7,822 13,680 8,348 14,014 8,843 12,553 10,617 13,913 8,984 15,154 9,298 15,374 55,430 3,387 30,974 11,955 794 6,861 13,654 891 9,766 13,463 880 5,730 16,358 822 8,617 13,722 733 8,051 14,981 744 10,610 12,681 794 8,028 13,622 891 7,850 13,665 880 6,851 15,463 822 8,245 14,549 733 8,855 14,909 744 9,019 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....................... 238,332 60,314 55,359 59,466 63,193 64,223 59,969 58,831 58,487 59,458 61,555 62,576 63,379 19,911 55,446 14,651 9,284 116,629 22,411 8,141 13,295 3,643 2,225 27,724 5,286 2,407 13,618 3,754 2,303 27,977 5,300 5,596 14,013 3,611 2,388 28,322 5,536 3,767 14,520 3,643 2,368 32,607 6,289 8,874 14,028 3,505 2,432 29,625 5,758 2,609 14,279 3,467 2,408 31,555 5,651 4,813 13,295 3,643 2,225 29,568 5,286 4,921 13,618 3,754 2,303 28,590 5,300 5,046 14,013 3,611 2,388 28,864 5,536 5,130 14,520 3,643 2,368 29,606 6,289 5,238 14,028 3,505 2,432 31,614 5,758 5,355 14,279 3,467 2,408 32,219 5,651 53,636 24,536 160,159 12,848 5,557 41,910 12,559 6,095 36,705 12,516 5,898 41,052 15,713 6,987 40,493 14,189 6,584 43,451 14,695 7,169 38,105 13,499 6,007 39,325 12,969 6,129 39,389 12,896 6,251 40,312 14,273 6,149 41,134 14,884 7,113 40,579 15,134 7,210 41,035 23 Im ports o f private services................................................................ 334,917 78,953 84,358 86,849 84,759 82,108 91,038 84,043 81,928 83,542 85,405 87,489 88,918 24 25 26 27 28 Travel (table F.2, line 23)................................................... Passenger fares (table F.2, line 2 4)..................................... Other transportation (table F.2, line 25)................................ Freight...................................................................... Port services............................................................. 73,230 25,980 41,586 29,341 12,245 16,160 6,458 10,667 7,623 3,044 20,138 6,661 10,145 6,927 3,217 20,988 6,710 10,369 7,238 3,132 15,944 6,151 10,405 7,553 2,852 16,070 6,324 10,642 8,005 2,637 20,610 7,554 12,269 9,494 2,776 18,702 6,784 11,295 8,026 3,269 17,721 6,163 10,141 6,911 3,230 18,459 6,455 9,880 6,952 2,928 18,348 6,578 10,269 7,451 2,818 18,651 6,638 11,287 8,449 2,838 18,296 7,045 12,404 9,540 2,864 29 Royalties and license fees (table F.2, line 26)........................ By type: 1................................................................. Industrial processes 2 ............................................... Other3................................................................. 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........................ 25,230 5,728 6,289 6,054 7,159 7,322 7,092 5,988 6,442 6,137 6,663 7,662 7,312 16,464 8,766 3,540 2,188 4,045 2,244 4,049 2,004 4,830 2,329 4,453 2,869 4,651 2,441 3,716 2,272 4,163 2,279 4,113 2,024 4,472 2,191 4,696 2,966 4,814 2,499 4,508 13,843 6,880 1,089 3,096 1,543 1,202 3,366 1,722 1,002 3,295 1,756 1,214 4,085 1,860 711 3,952 2,659 729 4,246 2,117 1,089 3,378 1,520 1,202 3,505 1,736 1,002 3,387 1,748 1,214 3,573 1,876 711 4,315 2,636 729 4,455 2,128 Other private services (table F.2, line 27)............................. By type: 1 ................................................................. Education......... Financial services Insurance services................................................... Telecommunications................................................. Business, professional, ana tecnmcai 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........................ 168,892 39,940 41,124 42,728 45,100 41,750 43,513 41,274 41,461 42,611 43,546 43,250 43,861 5,583 16,454 55,233 7,048 81,995 2,579 1,048 3,770 14,408 1,605 18,594 513 1,416 4,329 13,310 1,722 19,630 718 1,883 4,054 13,644 1,829 20,656 661 1,235 4,301 13,871 1,892 23,115 686 1,110 3,896 13,398 1,819 20,881 646 1,502 3,984 13,336 1,825 22,198 667 1,367 3,770 14,408 1,605 19,609 513 1,389 4,329 13,310 1,722 19,993 718 1,409 4,054 13,644 1,829 21,013 661 1,417 4,301 13,871 1,892 21,379 686 1,446 3,896 13,398 1,819 22,046 646 1,473 3,984 13,336 1,825 22,575 667 46,687 20,291 101,913 10,575 4,428 24,937 11,232 4,803 25,090 11,489 5,144 26,095 13,392 5,916 25,792 11,650 5,006 25,094 12,545 5,304 25,664 11,254 4,706 25,315 11,335 5,024 25,102 11,770 5,242 25,598 12,329 5,320 25,898 12,387 5,364 25,499 12,643 5,539 25,679 45 Premiums received 5.......................................................... 46 Actual losses paid............................................................. 23,928 11,400 5,946 3,014 6,214 2,860 5,833 2,767 5,936 2,760 5,518 3,046 5,476 3,132 5,946 3,014 6,214 2,860 5,833 2,767 5,936 2,760 5,518 3,046 5,476 3,132 47 Premiums paid 5................................................................ 48 Actual losses recovered...................................................... 88,468 42,567 23,865 11,344 21,044 10,813 21,543 10,295 22,016 10,116 21,073 10,151 20,957 10,421 23,865 11,344 21,044 10,813 21,543 10,295 22,016 10,116 21,073 10,151 20,957 10,421 Memoranda: 49 Balance on goods (table F.2, line 7 2)...................................... 50 Balance on private services (line 1 minus line 23)..................... 51 Balance on goods and private services (lines 49 and 50)............ -506,944 148,952 -357,992 -107,309 36,623 -70,685 -111,065 34,092 -76,973 -145,009 35,979 -109,029 -143,561 42,257 -101,304 -133,683 42,678 -91,005 -165,823 38,758 -127,065 -121,197 35,609 -85,588 -113,507 37,010 -76,497 -132,119 35,956 -96,163 -140,121 40,377 -99,744 -151,321 41,089 -110,232 -169,613 42,123 -127,490 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 3U 31 32 33 34 35 36 37 38 39 40 41 42 43 44 119,651 II Supplem ental detail on insurance transactions: 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. D -6 8 N ovem ber 2010 G. Investment Tables Table G.1. International Investment Position of the United States at Yearend, 2008 and 2009 [Millions of dollars] Changes in position in 2009 Attributable to: Line Type of investment Position, 2008r Position, 2009p Valuation adjustments Financial flows (a) Price changes (b) Exchange-rate changes1 (c) Other changes2 (d) Total (a+b+c+d) Net international investm ent positio n 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). -3,493,882 159,635 -3,653,517 -216,075 -50,804 -165,271 522.929 276.730 (4) 522.929 (4) 276.730 172,452 419,103 153,349 756,036 -31,701 787.737 -2,737,846 127,934 -2,865,780 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).............. 19,244,875 6,127,450 13,117,425 (3) (3) 140,465 <3) (3) 1,066,119 (3) (3) 357,956 (3) 185,112 -865,791 -2,615,443 1,749,652 18,379,084 3,512,007 14,867,077 U.S. official reserve assets............................................................................ Gold...................................................................................................... Special drawing rights.............................. Reserve position in the International Monetary Fund....................................... Foreign currencies................................... 293,732 227,439 9,340 7,683 49,270 52,256 0 48,230 3,357 669 56,941 556,941 875 0 60 0 0 0 110,072 56,941 48,474 3,702 955 403,804 284,380 57,814 11,385 50,225 U.S. government assets, other than official reserve a sse ts................................... U.S. credits and other long-term assets 7...................................................... Repayable in dollars.............................................................................. Other8 .............................................................................................. U.S. foreign currency holdings and U.S. short-term assets 9.............................. 624,100 69,877 69,604 273 554,222 -541,342 1.936 1.936 0 -543,278 17 17 17 -541,325 1.953 1.953 0 -543,278 82,775 71,830 71,557 273 10,944 U.S. private a sse ts...................................................................................... Direct investment at current cost.................................................................. Foreign securities................. B onds............................. Corporate stocks.................................................................................. U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns......... U.S. claims reported by U.S. banks and securities brokers, not included elsewhere.. 12,199,593 3,742,835 3,985,712 1,237,284 2,748,428 794,699 3,676,347 629,552 268,680 208,213 144,909 63,304 -124,428 277,087 357,081 79,124 255,694 27,269 228,425 8,404 13,859 185,095 -27,247 0 0 0 115,550 96,792 2,180,906 308,356 1,485,286 256,301 1,228,985 -474 387.738 14,380,499 4,051,191 5,470,998 1,493,585 3,977,413 794,225 4,064,085 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).. 22,738,757 5,967,815 16,770,942 (3) (3) 305,736 (3) 81,226 (3) 31,763 -1,621,827 -2,583,742 961,915 21,116,930 3,384,073 17,732,857 Foreign official assets in the United States........................................................... U.S. Government securities........................................................................... U.S. Treasury securities............................................................................ Other.................................................................................................... Other U.S. Government liabilities 10................................................................. U.S. liabilities reported by U.S. banks and securities brokers, not included elsewhere.. Other foreign official assets............................................................................ 3,939,998 3,264,139 2,400,516 863,623 40,577 252,608 382,674 450,030 441,056 561,125 -120,069 57,971 -70,851 21,854 -13,584 -104,274 -92,297 -11,977 219 -2,824 -8,524 1,708 -10,232 0 5,700 0 433,841 328,258 470,536 -142,278 58,190 -65,151 112,544 4,373,839 3,592,397 2,871,052 721,345 98,767 187,457 495,218 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 and securities brokers, not included elsewhere. 12,830,944 2,521,353 850,921 4,620,798 2,770,606 1,850,192 301,139 731,539 3,805,194 -144,294 134,707 22,781 59 -136,296 136,355 12,632 -1,460 -313,013 556,774 -5,761 -47,510 610,045 150,665 459,380 34,587 18,927 0 0 0 0 0 -69,240 84,900 528,074 151,433 -24,729 666,365 70,630 595,735 12,632 -66,062 -211,565 13,359,018 2,672,786 826,192 5,287,163 2,841,236 2,445,927 313,771 665,477 3,593,629 3,103,704 2,552,572 268,680 134,707 737,062 422,683 -817 10,621 1,199,147 568,011 4,302,851 3,120,583 Memoranda: Direct investment abroad at market value.................................................................. Direct investment in the United States at market value.................................................. 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). ( 1,009,178 -12,201 1,021,379 84,123 937,256 543,190 219 90,690 81,007 3,560 56.261 56.261 4,638 16,548 194,222 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. Includes foreign-currency-denominated assets obtained through temporary reciprocal currency arrangements between the Federal Reserve System and foreign central banks. These assets are included in the investment position at the dollar value established at the time they were received, reflecting the valuation of these assets in the Federal Reserve System’s balance sheet. The movement of exchange rates does not affect this valuation. 10. Includes U.S. government liabilities associated with military sales contracts and U.S. government reserve-related liabilities from allocations of special drawing rights (SDRs). S u r v e y o f C u r r e n t B u sin e ss N ovem ber 2 0 1 0 D -6 9 Table G.2. U.S. Direct Investment Abroad: Selected Items, by Country and by Industry of Foreign Affiliate, 2006-2009 [Millions of dollars] Direct investment position on a historical-cost basis 2006 A ll countries, all in d u s trie s ............................................... 2,477,268 20071 2,993,980 2008 3,219,725 Financial outflows without current-cost adjustment (inflows (-)) 2009 2006 3,508,142 224,220 2007 1 393,518 ncome without current-cost adjustment 2008 2009 2006 330,491 248,074 304,114 20071 350,237 2008 2009 382,575 325,467 By co un try o f foreign a ffiliate Canada...................................................................... 205,134 250,642 239,170 259,792 -1,551 22,331 5,986 18,085 23,542 21,170 32,410 19,865 Europe...................................................................... 1,397,704 1,682,023 1,831,246 1,976,222 147,687 239,803 192,691 129,014 153,702 175,702 191,650 173,623 63,008 93,620 86,372 279,373 102,022 406,358 74,179 100,601 117,708 412,122 94,675 426,357 81,753 108,217 146,672 426,762 132,126 449,521 85,801 116,832 165,924 471,567 148,239 471,384 7,076 2,703 20,148 41,118 11,019 30,535 12,010 9,569 15,506 109,097 7,365 21,978 -168 1,154 25,433 52,839 23,700 37,138 2,393 6,775 24,704 42,974 15,039 20,119 5,801 8,081 17,865 35,644 14,231 26,772 5,494 9,356 21,994 44,255 14,543 21,412 5,228 8,401 24,477 49,618 19,297 27,214 2,390 5,851 27,063 52,654 18,919 22,561 418,429 556,160 591,363 678,956 35,672 55,324 77,018 66,149 53,532 72,600 78,558 69,598 133,480 33,504 82,965 84,817 211,708 48,807 91,046 105,829 213,863 44,532 89,610 129,243 245,671 56,692 97,897 141,527 19,944 223 9,444 -6,374 14,785 5,585 9,798 12,640 21,903 4,179 6,898 21,701 26,588 2,663 5,924 10,198 15,586 5,253 9,606 5,112 23,176 7,617 11,634 10,431 23,803 9,546 10,368 9,829 19,985 7,377 7,640 14,772 Of which: France ................................................................ Germany.............................................................. Ireland...... Netherlands Switzerland. United Kingdom.................................................... Latin America and Other Western Hemisphere................... Of which: Bermuda............................................................. Brazil................................................................. Mexico................................................................ United Kingdom Islands, Caribbean........................... Africa........................................................................ 28,158 32,607 37,221 44,805 5,157 4,490 3,764 5,733 7,208 6,726 6,801 5,067 Middle East................................................................. 24,206 28,448 31,886 37,012 5,699 4,070 3,907 4,925 6,043 7,692 9,064 5,100 Asia and Pacific........................................................... 403,637 444,101 488,839 511,355 31,556 67,500 47,125 24,168 60,086 66,347 64,092 52,214 67,632 39,636 84,428 81,879 84,331 40,720 85,224 93,529 94,451 40,014 101,918 86,048 106,370 50,459 103,643 76,862 1,473 4,174 2,709 8,035 10,122 11,533 15,721 14,003 10,182 -332 -1,150 8,996 6,202 6,367 6,140 5,833 6,596 8,130 7,627 15,563 7,840 7,681 7,862 19,045 8,369 5,730 7,667 17,487 5,231 5,742 8,929 9,525 Of which: Australia.............................................................. Hong Kong........................................................... Japan................................................................. Singapore............................................................ By in du stry o f foreign affiliate Mining....................................................................... 121,006 141,299 153,442 171,106 21,903 19,857 27,293 22,259 29,848 32,315 40,940 27,542 Manufacturing............................................................. Food...................................................................... Chemicals............................................................... Primary and fabricated metals..................................... Machinery............................................................... Computers and electronic products............................... Electrical equipment, appliances, and components.......... Transportation equipment........................................... Other manufacturing.................................................. 441,724 31,215 94,519 18,773 29,136 63,113 16,293 50,663 138,013 484,839 40,588 95,915 22,244 31,257 69,467 19,979 60,612 144,777 484,596 41,201 114,171 20,078 39,093 65,530 23,582 45,456 135,486 541,080 45,247 129,529 23,186 43,612 65,598 24,694 47,235 161,978 42,359 2,736 5,778 2,490 3,711 13,458 2,753 1,563 9,869 71,977 11,045 11,452 3,440 5,630 6,583 4,425 11,532 17,871 33,955 3,939 16,571 2,445 7,451 4,687 4,633 -11,614 5,842 47,707 3,429 15,759 611 3,627 182 1,316 804 21,980 57,677 4,278 12,523 2,044 3,344 12,542 1,919 4,257 16,771 66,435 4,525 14,154 2,405 5,735 12,253 1,870 5,733 19,762 60,895 3,506 15,520 1,788 5,983 10,213 2,202 1,420 20,262 44,624 2,654 14,207 735 3,766 6,416 1,718 -1,721 16,849 Wholesale trade........................................................... 138,211 150,089 176,869 198,985 14,835 12,874 33,171 21,296 24,321 28,527 29,564 24,154 Information................................................................. 100,445 116,923 135,037 149,826 3,851 8,562 13,635 11,700 11,526 11,144 13,806 14,404 Depository institutions (banking)...................................... 81,637 123,202 116,874 114,032 -6,441 10,785 5,322 -17,473 -6,362 -7,927 1,901 -66 Finance (except depository institutions) and insurance.......... 514,462 649,773 688,160 746,993 25,825 82,169 55,672 42,063 39,402 42,802 42,915 38,774 Professional, scientific, and technical services.................... 69,213 81,344 74,691 77,474 9,377 12,094 10,253 6,545 9,480 8,953 6,732 6,743 Holding companies (nonbank)......................................... 838,566 1,039,045 1,181,323 1,279,952 97,498 153,562 133,959 99,246 120,884 146,576 166,976 152,471 Other industries........................................................... 172,004 207,466 208,733 228,693 15,012 21,637 17,232 14,731 17,338 21,411 18,847 16,821 1. The direct investment position, financial outflows, and income reflect a discontinuity between 2006 and 2007 because of the reclassification of permanent debt and associated interest, a component of income, between affiliated depository institutions from direct investment to other investment accounts. N ote. The data in this table are from tables 14 and 15 in “U.S. Direct Investment Abroad Tables” in the September 2010 S urvey of C urrent Business. D -7 0 In te r n a tio n a l D a t a N ovem ber 2010 Table G.3. Selected Financial and Operating Statistics of Nonbank Foreign Affiliates of U.S. Companies by Country and by Industry of Affiliate, 2008 All nonbank foreign affiliates Majority-owned nonbank foreign affiliates Millions of dollars A ll countries, all in d u s trie s ............................................... Total assets Sales 12,504,725 6,107,864 Net income 956,357 Millions of dollars U.S. exports of goods shipped to affiliates 269,752 Thousands U.S. of imports of employees goods shipped by affiliates 337,057 Total assets 11,879.4 11,443,211 Sales 5,202,191 Net income 872,506 Value added U.S. exports of goods shipped to affiliates Thousands U.S. of imports of employees goods shipped by affiliates 1,211,854 260,373 318,486 10,123.8 By co untry o f affiliate Canada.................................................................. 955,514 617,615 66,148 78,100 (D) 1,082.4 908,594 593,283 63,046 126,352 75,809 107,945 1,064.4 Europe................................................................... 7,419,907 3,147,942 525,813 74,868 83,297 4,820.1 6,876,406 2,726,149 487,414 638,280 72,734 82,522 4,213.3 352,752 600,177 1,276,966 1,727,600 243,870 388,658 318,605 681,792 13,330 21,984 147,566 9,193 (D) 10,720 15,985 7,942 (D) 5,699 13,601 636.8 671.5 244.4 1,328.0 334,243 546,547 1,197,498 1,605,149 231,869 347,394 232,802 622,447 12,386 20,287 139,344 3,103 56,712 94,127 33,296 165,991 5,334 10,715 12,739 15,927 7,785 7,208 5,698 13,576 604.4 621.3 228.8 1,174.2 1,913,412 691,555 187,832 57,525 68,742 2,321.6 1,760,796 598,005 176,314 140,149 55,209 65,072 1,935.7 160,699 193,682 157,495 207,031 13,318 10,268 6,034 40,262 (D) 49,834 505.9 1,107.2 150,019 164,617 147,757 168,435 12,687 8,199 38,915 30,753 5,860 38,259 3,304 46,762 485.8 901.7 Africa..................................................................... 197,015 110,624 42,072 1,412 (D) 219.2 178,471 97,192 39,755 57,267 1,316 6,458 172.4 Middle East.............................................................. 160,235 120,970 26,619 1,151 (D) 122.5 88,928 48,586 9,311 21,269 1,000 2,267 90.9 Asia and Pacific........................................................ 1,858,643 1,419,158 107,873 56,695 60,749 3,313.7 1,630,016 1,138,976 96,666 228,536 54,307 54,221 2,647.1 280,155 161,987 47,440 595,861 177,554 171,733 41,203 321,119 18,282 12,472 3,058 12,235 5,704 (D) 2,947 7,516 1,042 12,197 (D) (D) 322.2 950.2 384.3 583.5 266,702 124,331 35,931 508,081 148,938 131,372 33,503 200,857 17,413 11,161 2,916 8,990 46,058 27,296 9,363 44,094 5,609 3,927 926 11,794 2,946 7,140 727 1,458 288.2 774.2 313.4 296.7 Mining.................................................................... 742,815 485,267 115,521 2,492 25,617 M 611,524 338,021 92,792 221,006 2,446 25,617 198.2 Utilities................................................................... 84,583 120,524 3,801 608 (D) 37.9 57,810 48,708 2,876 8,772 608 (D) 27.3 Manufacturing.......................................................... Of which:............................................................. Food............................................................... Chemicals......................................................... Primary and fabricated metals.............................. Machinery......................................................... Computers and electronic products......................... Electrical equipment, appliances, and components.... Transportation equipment..................................... 2,260,530 2,731,326 163,861 168,628 243,318 5,438.1 1,880,285 2,285,194 132,111 517,133 161,427 224,990 4,600.1 167,153 568,875 100,653 162,511 258,442 66,093 285,370 213,437 505,640 93,495 170,408 303,672 54,624 483,091 9,379 51,017 5,104 14,268 19,011 3,743 5,101 5,252 28,069 4,269 10,312 25,476 9,668 21,826 6,814 16,324 64,021 (D) (D) (D) 491.9 721.8 241.5 472.2 721.8 269.1 1,000.5 151,821 504,184 94,619 145,673 239,059 59,980 244,774 199,283 457,020 87,224 149,311 296,874 47,514 410,221 9,661 43,218 5,042 13,078 19,761 3,631 2,646 34,516 110,154 21,562 36,911 49,729 11,742 62,036 5,167 27,663 4,223 9,942 25,392 3,167 60,146 9,560 19,658 6,732 15,591 48,284 5,898 74,378 434.3 627.1 230.2 400.7 700.4 231.4 902.3 Wholesale trade........................................................ 793,580 1,423,914 63,409 82,265 62,805 825.1 773,583 1,391,801 62,270 157,274 80,620 62,583 796.8 Information.............................................................. 447,556 294,122 20,868 (D) 154 507.4 298,446 184,756 8,670 46,380 905 154 361.1 239.6 Of which: France................................................................ Germany............................................................. Netherlands......................................................... United Kingdom..................................................... Latin America and Other Western Hemisphere................ (D) Of which: Brazil.............................................................. Mexico............................................................. Of which: Australia.............................................................. China India.. Japan By industry of affiliate (D) Finance (except depository institutions) and insurance...... 2,810,330 306,349 21,608 27 (D) 286.6 2,731,396 285,963 19,828 46,482 26 (D) Professional, scientific, and technical services................. 289,047 177,717 20,142 3,387 (D) 702.4 284,921 173,692 19,809 67,463 3,377 (D) 679.3 Other industries........................................................ 5,076,283 568,646 547,149 (D) 1,422 M 4,805,245 494,056 534,150 147,343 10,963 1,404 3,221.5 D Suppressed to avoid disclosure of data of individual companies. Notes. 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. The data in this table are from “U.S. Multinational Companies: Operations in the United States and Abroad in 2008” in the August 2010 S urvey of C urrent B usiness. Novem ber 2 0 1 0 Su r v e y of C urrent B u s in e s s D -7 1 Table G.4. Foreign Direct Investment in the United States: Selected Items, by Country of Foreign Parent and by Industry of U.S. Affiliate, 2006-2009 [Millions of dollars] Direct investment position on a historical-cost basis All countries, all in d u s trie s ............................................................ Financial inflows without current-cost adjustment (outflows (-)) 2006 20071 2008 2009 1,840,463 2,055,176 2,165,748 2,319,585 Income without current-cost adjustment 2006 20071 2008 2009 2006 2007 1 2008 237,136 265,957 324,560 129,883 144,755 123,881 111,764 2009 89,186 By co untry of foreign parent Canada...................................................................................... 165,281 205,381 194,140 225,836 14,770 47,425 21,998 25,813 14,555 10,342 8,064 6,715 Europe....................................................................................... 1,326,738 1,478,383 1,555,208 1,685,279 182,575 161,704 202,924 83,725 98,286 79,343 86,662 76,981 France................................................................................ Germany.... Luxembourg Netherlands Switzerland. United Kingdom..................................................................... 147,799 205,969 89,157 182,014 134,568 414,629 153,713 213,159 120,945 189,469 151,513 424,046 157,172 201,424 118,283 199,137 164,534 454,328 189,285 218,153 127,768 237,959 189,371 453,875 29,078 39,540 17,923 25,543 1,177 38,547 4,701 9,693 28,763 18,434 -3,194 37,183 16,862 -1,481 414 75,568 43,325 41,314 24,046 16,210 12,422 5,416 8,638 12,632 14,550 10,324 2,710 20,250 2,862 36,555 3,602 4,084 4,625 21,260 6,203 26,292 13,760 -893 3,082 11,047 22,511 23,890 8,145 11,664 598 13,117 14,733 23,344 Latin America and Other Western Hemisphere.................................... 66,583 49,828 46,130 27,864 11,808 -4,658 29,509 8,372 7,113 7,678 6,772 48 9,223 5,310 11,924 28,367 5,380 -2,676 7,688 932 34,588 4,181 4,116 9,444 822 24,401 4,567 -13,181 11,361 1,045 17,529 4,850 7,047 2,265 1,618 3,845 -1,362 -11,805 717 1,037 7,322 -1,980 5,971 2,369 228 18,718 569 4,492 913 159 -1,649 283 670 923 1,851 1,826 818 594 1,197 1,170 2,609 (D) 3,302 1,185 415 580 (D) -263 672 179 214 -461 (D) Of which: Of which: Bermuda.............................................................................. Mexico................................................................................ Panam a............................................................................... United Kingdom Islands, Caribbean........................................... Venezuela............................................................................ Africa......................................................................................... 1,976 1,535 2,309 1,689 255 -207 948 -787 207 175 75 Middle East................................................................................. 10,112 14,896 17,242 17,614 2,504 5,196 3,652 600 1,243 470 -467 (D) Asia and Pacific........................................................................... 269,772 305,154 350,718 361,303 25,225 56,497 65,529 12,160 23,350 25,873 10,658 5,656 38,777 204,020 37,514 229,408 40,626 259,753 45,663 264,208 2,174 16,466 16,706 26,576 14,890 36,377 6,732 4,373 5,773 16,190 6,649 16,751 3,118 7,108 2,326 2,639 Manufacturing.............................................................................. Food...................................................................................... Chemicals............................................................................... Primary and fabricated metals...................................................... Machinery............................................................................... Computers and electronic products............................................... Electrical equipment, appliances, and components........................... Transportation equipment............................................................ Other manufacturing.................................................................. 569,324 50,339 135,054 34,812 41,600 48,944 25,537 67,505 165,532 684,555 26,903 190,049 42,453 93,091 44,410 20,112 93,053 174,482 746,475 23,849 187,332 47,645 88,730 59,757 20,561 83,907 234,695 790,568 20,004 203,760 48,693 95,585 55,349 24,004 96,872 246,302 98,508 6,550 30,404 8,341 9,957 23,312 3,249 -4,134 20,829 148,075 2,200 58,926 8,596 37,142 980 9,404 13,228 17,599 87,446 282 4,856 10,626 4,665 14,818 461 -5,908 57,645 48,136 -4,356 14,137 2,939 6,627 -4,232 3,261 12,789 16,971 55,253 3,987 14,015 5,484 1,908 5,633 1,781 3,614 18,831 48,503 2,652 19,818 4,216 2,180 -2,322 1,712 1,065 19,183 40,062 2,959 14,064 3,708 2,336 841 1,165 -29 15,018 31,698 3,671 17,809 -396 1,638 103 945 -3,982 11,910 Wholesale trade........................................................................... 255,590 294,697 316,581 328,430 20,907 32,077 42,376 12,853 25,295 24,494 25,089 9,646 Retail trade................................................................................. 31,677 31,363 40,129 44,330 2,789 -1,060 7,826 4,805 2,557 2,358 1,995 2,604 Information.................................................................................. 135,986 155,704 164,491 146,114 27,321 10,825 10,452 -10,874 5,720 5,973 3,438 3,464 Of which: Australia............................................................................... Japan.................................................................................. By in du stry of U.S. affiliate Depository institutions (banking)...................................................... 135,391 107,242 92,565 111,913 13,794 -1,237 23,202 8,999 7,535 1,798 521 -2,447 Finance (except depository institutions) and insurance.......................... 283,364 275,722 238,875 293,204 37,614 -8,398 69,585 24,188 7,839 6,005 9,341 16,525 Real estate and rental and leasing.................................................... 41,924 53,780 57,459 54,539 435 6,809 3,981 625 3,054 3,232 2,742 710 Professional, scientific, and technical services..................................... 47,597 55,201 62,934 46,087 3,636 8,853 9,705 1,531 1,566 2,608 3,665 1,796 Other industries........................................................................... 339,610 396,912 446,238 504,399 32,131 70,014 69,986 39,621 35,935 28,910 24,910 25,190 D Suppressed to avoid disclosure of data of individual companies. 1. The direct investment position, financial inflows, and income reflect a discontinuity between 2006 and 2007 because of the reclassification of permanent debt and associated interest, a component of income, between affiliated depository institutions from direct investment to other investment accounts. N ote. The data in this table are from tables 14 and 15 in “Foreign Direct Investment in the United States Tables” in the September 2010 S urvey of C urrent B usiness. D -7 2 In te r n a tio n a l D a t a N ovem ber 2010 Table G.5. Selected Financial and Operating Data of U.S. Affiliates of Foreign Companies by Country of Ultimate Beneficial Owner and by Industry of Affiliate, 2008 All affiliates Majority-owned affiliates Millions of dollars All countries, all in d u s trie s ........................................... Total assets Sales 12,666,896 3,819,986 Millions of dollars Net income -28,851 Thousands of employees U.S. exports of goods shipped by affiliates 6,279.2 246,685 Millions of dollars U.S. imports of goods shipped to affiliates Total assets 587,994 11,671,560 Sales 3,448,568 Millions of dollars Net income -4,118 Value added 670,284 Thousands of employees U.S. exports of goods shipped by affiliates U.S. imports of goods shipped to affiliates 5,593.5 232,413 566,925 By coun try Canada.................................................................. 1,161,937 299,570 1,433 717.2 11,636 35,189 1,095,047 256,319 2,186 62,554 515.9 9,557 33,932 Europe................................................................... 9,076,176 2,263,147 -12,719 3,942.9 126,423 226,037 8,590,080 2,063,938 -15,099 423,365 3,614.5 120,466 214,937 France............................................................. Germany... Netherlands...................................................... Sw eden........................................................... Switzerland....................................................... United Kingdom................................................. 1,308,792 1,705,228 903,406 70,927 1,671,263 2,302,076 306,760 458,952 343,402 52,205 220,345 7,973 -30,298 3,137 1,020 -13,510 13,318 (D) (D) 598.3 722.7 386.6 182.2 413.4 1,047.5 (D) 20,243 (D) 37,346 6,940 16,574 40,001 1,263,179 1,583,013 883,357 70,690 1,654,932 2,171,515 278,483 394,109 331,578 51,747 212,525 543,771 2,762 -11,458 -1,687 995 -12,792 16,519 57,521 82,445 56,173 13,446 48,836 108,820 550.2 614.2 371.5 181.5 394.4 957.4 12,217 34,547 19,373 5,398 9,142 27,726 19,402 65,472 37,259 6,934 16,252 39,027 Latin America and Other Western Hemisphere................ 427,523 212,964 3,281 389.8 (D) (D) 401,953 197,282 3,360 51,391 377.4 11,788 37,882 (D) 73,520 22,867 1,208 586 (D) (D) (D) (D) M L 30.1 I 70,890 20,879 12,828 1,632 614 238 (D) (D) 24,494 5,858 4,486 5,062 208.5 46.2 30.1 6.4 1,086 112 (D) (D) (D) (D) (D) 238,206 36,988 40,988 21,523 Of which: (D) (D) 5,405 9,338 Of which: Bermuda.......................................................... Mexico............................................................. United Kingdom Islands, Caribbean........................ Venezuela......................................................... 37,397 41,044 (D) (D) (D) 112 (D) (D) 3,565 (D) (D) (D) 176 Africa..................................................................... (D) 7,559 246 6.7 799 (D) 5,116 7,443 204 1,257 6.6 797 Middle East.............................................................. 153,039 102,911 -5,907 89.6 2,261 (D) 135,980 96,610 -5,845 11,519 77.4 2,256 (D) Asia and Pacific........................................................ 1,664,244 835,173 -17,373 1,038.4 82,692 238,047 1,351,370 748,908 10,612 109,509 928.8 77,411 232,795 Australia........................................................... Japan.............................................................. Korea, Republic o f.............................................. 184,255 1,061,694 41,827 46,702 626,996 3,348 8,899 (D) (D) (D) 64,225 10,895 187,728 (D) 84.3 741.7 28.6 (D) 169,185 1,026,574 41,213 40,873 590,923 58,741 3,517 8,623 -1,657 10,569 87,651 1,966 81.5 691.0 27.4 3,572 60,031 10,849 2,170 183,836 37,928 United States........................................................... (D) 98,662 2,187 94.7 (D) (D) 92,014 78,068 464 10,690 72.8 10,138 (D) Of which: By industry Manufacturing.......................................................... 1,700,407 1,428,083 -1,793 2,256.0 141,898 242,185 1,500,219 1,288,552 14,800 280,329 2,115.5 131,300 223,993 Food............................................................... Petroleum and coal products................................. Chemicals......................................................... Nonmetallic mineral products................................ Primary and fabricated m etals.............................. Machinery................... Computers and electronic products......................... Electrical equipment, appliances, and components.... Transportation equipment..................................... 81,432 118,219 384,926 104,111 112,911 124,838 106,833 45,705 96,812 237,188 275,506 58,098 112,971 97,627 65,236 3,002 4,489 9,694 -1,082 1,028 1,745 -6,630 (D) (D) -20,758 47,392 1,365 8,924 12,450 13,388 5,486 64,254 79,871 115,965 375,916 103,367 106,130 123,445 99,150 45,603 245,902 93,263 226,817 267,418 57,089 100,600 94,887 60,476 31,792 219,616 2,787 4,480 8,513 -1,181 1,144 1,698 -6,302 2,448 -1,482 17,345 22,040 65,577 19,109 23,242 25,474 12,578 10,795 40,292 169.6 38.1 305.8 157.1 178.3 241.3 164.7 75.4 420.5 11,023 285,672 11,084 9,612 31,230 1,470 9,148 14,428 14,297 3,245 31,135 5,208 (D) 173.9 40.0 M 159.7 185.4 245.1 172.3 75.7 485.6 30,048 1,431 8,563 14,257 13,229 3,236 26,574 5,164 63,080 46,827 1,277 7,748 11,705 12,823 5,476 54,218 Wholesale trade........................................................ 706,493 1,053,989 24,349 661.1 92,090 324,195 695,840 1,019,137 22,913 116,400 648.8 89,824 322,319 Retail trade.............................................................. 87,354 159,752 379 M (D) (D) 68,003 120,905 1,485 27,468 464.4 700 7,303 Information.............................................................. 471,101 174,192 13,537 365.5 1,369 (D) 254,337 101,672 -1,106 35,771 249.1 968 644 947 75 544 (D) 97,448 82,866 40,415 35,515 -3,309 527 14,119 11,347 122.1 59.2 (D) (D) 544 48 Of which: (D) (D) Of which: Publishing industries........................................... Telecommunications............................................ (D) 45,643 -2,656 186,079 (D) (D) 138.5 M Finance and insurance............................................... 8,533,653 538,652 -91,845 485.9 0 (*) 8,111,541 494,441 -63,322 61,996 407.5 0 (*) Real estate and rental and leasing................................ 175,333 29,946 -10 40.8 (D) (D) 140,526 24,925 -781 13,171 39.4 (D) (D) Professional, scientific, and technical services................. 126,495 81,974 2,279 M 591 (D) 120,883 78,727 2,449 26,870 248.3 565 348 Other industries........................................................ 866,059 353,398 24,254 1,555.7 9,989 12,856 780,211 320,210 19,444 108,280 1,420.5 (D) (D) D Suppressed to avoid disclosure of data of individual companies. Notes. Size ranges are given in employment cells that are suppressed. The size ranges are: 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. 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 2008" in the November 2010 S urvey of C urrent B usiness. D -7 3 N ovem ber 2 0 1 0 H. C harts THE U.S. IN THE INTERNATIONAL ECONOMY C O M PO NENTS OF C UR RENT A CCO UNT BALANCE BALANCE ON CUR RENT ACCO UNT Services Income G oods' EXPORTS AND IMPORTS OF G OODS AND SERVICES CAPITAL FLOW S ON U.S. DIRECT INVESTM ENT ABROAD (OUTWARD) AND FOREIGN DIRECT INVESTMENT IN THE UNITED STATES (INWARD) , Inward Outward ii r,ll ! \! NET INTERNATIONAL INVESTM ENT POSITION SEC URITIES TRANSACTIONS VALUED AT C UR RENT 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 I Net investm ent position 87 89 91 93 N ote . All 95 97 99 01 03 05 07 09 10 series except those for the international investment position are quarterly and are seasonally adjusted when adjusted data are available. The series are from tables F.2, with opposite signs in some cases, and G.1. U.S. Bureau of Economic Analysis 87 89 91 93 95 97 99 01 03 05 07 09 D-74 November 2010 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] 2007 2006 2008 2009 Percent change1 2010 Area lllr United States IV r ir II' III' IV • lr llr ll l r IV r I' II' l llr IV' lr IIP 11,327,195 11,493,304 11,696,446 11,828,816 11,942,634 12,131,515 12,294,280 12,445,933 12,436,903 12,341,864 12,087,756 12,191,395 12,156,914 12,225,831 12,341,249 12,462,673 2010:12010:11 1.0 New England.................. 653,948 665,358 680,276 685,817 691,395 699,866 706,920 710,965 710,364 706,142 686,591 695,203 694,025 697,504 699,911 706,613 1.0 Connecticut................... Maine.............................. Massachusetts............. New Hampshire............ Rhode Island ................ Vermont......................... 185,342 44,618 306,298 53,915 41,210 22,565 188,526 44,848 312,065 55,754 41,401 22,763 194,242 45,759 318,996 55,544 42,528 23,207 196,328 46,111 320,940 56,515 42,435 23,488 198,321 46,462 323,812 56,382 42,723 23,694 199,685 47,099 329,009 57,031 43,091 23,950 200,191 47,914 332,901 57,763 43,926 24,225 201,123 48,323 335,142 57,924 44,080 24,373 201,753 48,372 334,365 57,598 43,849 24,426 199,075 48,191 333,218 57,182 44,030 24,447 191,393 47,450 324,863 55,988 43,041 23,856 195,064 48,154 327,723 56,352 43,621 24,289 193,681 48,262 327,623 56,614 43,516 24,330 194,767 48,493 329,085 56,676 43,912 24,571 194,938 48,830 331,048 56,936 43,774 24,385 196,740 49,301 334,191 57,514 44,217 24,650 0.9 1.0 0.9 1.0 1.0 1.1 2,057,945 2,098,947 2,149,936 2,163,343 2,185,937 2,215,432 2,236,051 2,248,332 2,248,026 2,233,029 2,163,848 2,212,671 2,205,496 2,221,404 2,237,945 2,257,170 0.9 Mideast........................... Delaware....................... District of C olum bia...... Maryland........................ New Jersey.................... New York........................ Pennsylvania................. Great Lakes.................... 33,710 35,095 254,229 414,119 854,479 466,313 33,583 35,508 257,116 421,354 878,725 472,662 34,317 36,691 260,140 430,969 905,873 481,946 34,600 37,084 263,277 434,167 907,976 486,240 34,663 37,940 264,952 436,465 920,369 491,549 35,142 38,356 269,132 442,658 931,832 498,312 1,644,593 1,659,519 1,684,623 1,694,584 1,705,635 1,727,951 35,430 39,769 271,372 446,955 939,224 503,302 35,851 40,236 274,399 447,197 940,306 510,343 35,937 40,578 274,992 447,936 938,765 509,818 35,801 40,817 274,974 445,447 927,818 508,171 35,270 40,277 272,362 430,307 884,099 501,533 35,366 40,963 275,674 436,695 916,829 507,144 35,366 40,784 275,631 436,788 911,335 505,592 35,437 41,114 276,908 438,073 919,280 510,592 35,619 41,610 279,330 443,104 925,130 513,152 36,035 41,861 281,817 446,477 932,631 518,349 1.2 0.6 0.9 0.8 0.8 1.0 1,752,529 1,770,005 1,766,387 1,752,731 1,711,632 1,725,746 1,722,739 1,733,455 1,739,799 1,756,953 1.0 Illinois............................. Indiana........................... Michigan........................ O hio................................ Wisconsin...................... 507,031 208,103 336,430 392,987 200,043 514,917 209,504 337,247 395,663 202,188 522,383 212,014 342,613 403,148 204,467 529,908 213,439 342,528 403,474 205,235 535,000 214,292 344,834 405,205 206,304 545,702 217,285 346,067 409,382 209,514 551,801 222,304 352,129 414,169 212,126 556,374 224,588 356,03C 419,166 213,848 557,644 223,729 353,283 417,556 214,176 551,074 222,195 351,744 414,352 213,366 537,736 216,430 339,278 408,998 209,191 541,098 218,046 343,497 411,224 211,882 541,014 217,536 341,696 410,662 211,831 544,131 219,264 344,739 412,313 213,008 543,514 221,675 344,792 415,239 214,579 549,305 223,231 348,278 419,315 216,824 1.1 0.7 1.0 1.0 1.0 Plains.............................. 718,130 728,538 741,263 753,824 758,933 776,212 797,880 801,685 805,276 801,295 785,195 786,479 786,554 791,397 796,420 804,733 1.0 Iow a................................ K ansas.......................... Minnesota...................... Missouri......................... Nebraska....................... North Dakota................ South Dakota................ 101,025 99,347 206,920 199,853 62,828 21,412 26,745 102,538 101,496 209,377 202,129 64,040 21,832 27,126 104,805 103,051 212,897 204,039 65,678 22,602 28,190 106,838 104,322 216,148 207,139 67,112 23,271 28,995 107,575 104,784 216,724 208,903 67,773 23,763 29,410 110,428 107,421 220,942 212,724 69,568 24,816 30,315 114,693 111,246 226,327 215,408 71,613 26,589 32,003 114,438 112,583 225,240 219,734 71,865 26,332 31,492 115,144 113,100 228,069 218,022 72,140 27,016 31,785 113,468 112,153 224,999 222,807 70,324 26,521 31,024 112,961 110,125 219,560 214,984 70,734 25,985 30,845 112,977 110,548 220,053 215,527 70,327 26,142 30,905 112,932 110,685 220,048 214,896 70,269 26,602 31,122 113,794 111,336 222,089 215,316 70,929 26,646 31,286 114,708 112,843 223,866 217,518 71,158 25,536 30,791 115,943 113,945 225,921 219,620 72,045 26,040 31,220 1.1 1.0 0.9 1.0 1.2 2.0 ' 1.4 2,597,556 2,631,668 2,679,350 2,713,739 2,739,002 2,776,242 2,808,876 2,856,775 2,842,048 2,822,524 2,783,020 2,806,553 2,795,105 2,809,169 2,842,341 2,870,702 1.0 Southeast....................... Alabam a........................ Arkansas ....................... Florida........................... Georgia.......................... Kentucky........................ Louisiana....................... Mississippi..................... North Carolina.............. South Carolina.............. Tennessee ..................... V irginia .......................... West V irg in ia................ Southwest...................... 145,536 83,429 696,370 313,365 127,590 144,123 81,379 299,194 135,111 201,123 318,003 52,333 147,153 84,759 703,378 318,355 129,068 146,262 82,247 304,609 136,722 204,591 321,453 53,071 149,593 86,299 711,398 326,802 130,693 148,619 83,763 311,406 139,439 207,236 330,824 53,277 150,920 88,545 716,825 329,110 132,123 156,990 86,301 314,529 141,186 209,812 333,695 53,703 152,257 89,767 723,759 331,537 132,750 158,504 87,456 317,338 142,641 211,626 337,123 54,243 154,692 93,486 729,821 334,254 135,019 161,614 88,005 323,345 144,935 215,742 340,372 54,956 157,103 92,756 734,322 340,424 137,123 164,953 89,100 326,067 146,746 218,366 346,012 55,905 1,218,073 1,239,052 1,254,143 1,276,918 1,299,195 1,326,422 1,366,391 A rizona .......................... New Mexico................... Oklahoma...................... Texas.............................. 208,855 59,610 119,738 829,870 211,781 60,451 120,946 845,874 215,740 61,578 121,684 855,142 217,227 62,468 123,558 873,665 219,710 63,543 125,676 890,266 221,403 64,585 127,983 912,451 223,945 65,852 131,825 944,770 Rocky Mountain............. 375,759 381,068 385,712 393,309 397,591 407,489 Colorado........................ Ida h o .............................. M ontana........................ Utah................................ Wyoming........................ 196,248 46,355 30,785 78,909 23,461 198,009 47,488 31,205 80,608 23,758 199,609 48,386 31,691 82,544 23,483 203,488 48,920 32,241 84,756 23,905 206,039 49,078 32,579 85,630 24,265 211,477 50,084 33,278 87,534 25,115 Far West.......................... Alaska............................. California....................... Hawaii............................. Nevada.......................... O re go n .......................... Washington.................... 2,061,192 2,089,154 2,121,143 2,147,281 26,378 26,789 1,504,904 1,523,387 49,706 50,323 99,912 98,023 130,202 128,396 253,785 258,540 27,578 1,545,365 51,335 101,624 131,131 264,110 28,044 1,561,554 52,072 102,761 132,648 270,200 158,903 94,111 740,868 341,868 139,155 170,620 90,361 329,622 148,959 219,590 350,423 57,567 157,655 93,458 732,606 338,732 138,900 172,125 89,847 327,022 147,851 217,178 349,147 58,004 1.1 0.9 0.9 0.9 1.3 1.1 0.8 1.2 1.0 1.0 0.9 1.1 1,402,350 1,403,800 1,399,185 1,372,498 1,373,076 1,370,276 1,377,838 1,397,180 1,416,274 1.4 224,684 66,942 135,741 976,435 411,806 416,562 213,191 50,449 33,880 88,063 26,223 215,506 50,789 34,167 89,275 26,825 155,708 93,449 719,300 333,220 137,556 169,274 89,213 321,718 146,342 214,222 345,148 57,869 157,845 93,489 723,913 335,358 139,528 168,481 90,208 326,691 147,602 216,231 348,609 58,599 157,166 93,606 718,624 333,109 139,738 168,173 89,701 326,365 147,352 214,936 348,024 58,311 157,620 94,197 721,959 334,296 140,659 168,250 90,150 328,008 148,710 217,060 349,618 58,642 159,167 95,172 727,454 339,379 142,488 170,532 91,240 333,857 150,041 220,760 352,968 59,282 160,853 96,074 734,110 342,406 144,299 172,442 91,940 337,856 151,525 223,020 356,241 59,936 225,956 67,275 135,673 973,446 222,337 66,829 134,874 975,145 219,349 66,259 132,335 954,555 219,951 66,611 132,020 954,494 218,031 66,784 132,103 953,358 219,746 67,324 132,117 958,650 418,274 413,669 407,538 406,486 406,773 216,619 50,460 34,273 89,509 27,414 213,592 49,807 34,123 88,759 27,388 210,661 48,867 33,599 87,763 26,648 209,382 48,843 33,925 88,119 26,218 209,891 48,927 34,034 87,890 26,031 220,829 68,468 133,625 974,258 223,612 69,339 135,237 988,087 1.3 1.3 1.2 1.4 408,572 413,574 417,487 0.9 210,979 49,138 34,135 88,331 25,990 213,275 49,756 34,470 89,617 26,456 214,914 50,200 35,023 90,660 26,691 0.8 0.9 1.6 1.2 0.9 2,164,947 2,201,902 2,213,827 2,239,259 2,242,727 2,213,290 2,177,436 2,185,180 2,175,945 2,186,493 2,214,079 2,232,741 0.8 28,274 1,570,427 52,970 104,031 134,203 275,042 28,628 1,595,680 53,686 106,416 136,670 280,823 30,083 1,600,904 54,290 106,034 138,002 284,514 p Preliminary r Revised 1. Percent change from preceding period was calculated from unrounded data. Note. The personal income level shown for the United States is derived as the sum of the state estimates. It differs from 160,612 94,724 744,002 345,098 139,984 170,468 92,107 331,603 149,926 220,964 349,993 57,295 30,460 1,621,724 54,817 105,574 139,828 286,856 30,731 1,622,134 54,747 105,006 139,991 290,118 30,924 1,598,968 54,594 102,701 139,000 287,103 29,763 1,571,784 54,308 100,230 137,320 284,033 30,097 1,574,645 54,742 100,398 138,715 286,582 30,284 1,567,694 54,382 99,150 137,962 286,473 30,579 1,576,477 54,548 98,706 138,816 287,367 30,865 1,598,202 55,143 98,364 141,051 290,454 31,153 1,611,545 55,582 98,707 141,933 293,822 0.9 0.8 0.8 0.3 0.6 1.2 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 in the “Regional Quarterly Report” in the October 2010 S urvey of C urrent B usiness November 2010 D-75 S u r v e y o f C u r r e n t B u sin ess Table I.2. Annual Personal Income and Per Capita Personal Income by State and Region Personal income Area Per capita personal income Percent change1 Millions of dollars 2004r 2005r 2006' United States.......................... 9,928,790 10,476,669 11,256,516 2007r 2008r 11,899,853 12,379,745 12,165,474 -1.7 New England.......................................... 580,159 602,449 649,981 689,339 708,598 693,331 -2.2 Connecticut.............................................. Maine......................................................... Massachusetts......................................... New Hampshire....................................... Rhode Island............................................ Vermont..................................................... 161,428 41,164 271,086 48,661 37,585 20,234 168,804 41,982 282,367 50,028 38,570 20,697 184,049 44,307 304,855 53,765 40,664 22,341 197,144 46,358 323,189 56,368 42,695 23,585 200,536 48,200 333,906 57,617 43,971 24,368 193,726 48,090 327,324 56,408 43,522 24,261 -3.4 -0.2 -2.0 -2.1 -1 .0 -0 .4 Mideast................................................... 1,808,114 1,898,598 2,046,137 2,178,662 2,241,359 2,200,855 Delaware.................................................. District of Columbia................................. Maryland.................................................. New Jersey............................................... New York.................................................. Pennsylvania............................................ 29,522 29,729 224,646 365,260 741,167 417,790 31,077 31,965 237,146 379,650 786,512 432,248 33,350 34,787 252,431 411,429 851,437 462,704 34,680 37,518 264,375 436,064 916,512 489,512 35,755 40,350 273,934 446,884 936,528 507,908 35,360 40 785 275,143 435,466 907,886 506,215 Great Lakes............................................ 1,506,978 1,551,823 1,635,232 1,703,198 1,760,413 Illinois........................................................ Indiana....................................................... Michigan................................................... Ohio........................................................... W isconsin................................................. 455,291 190,283 319,434 361,666 180,303 472,073 195,526 325,749 371,931 186,545 504,493 206,868 334,858 390,457 198,556 533,248 214,257 344,010 405,302 206,380 554,223 223,204 353,296 416,311 213,379 Plains...................................................... 651,446 673,520 714,501 757,558 Iowa........................................................... Kansas...................................................... Minnesota................................................. Missouri..................................................... Nebraska.................................................. North Dakota............................................ South Dakota............................................ 93,316 87,177 188,330 180,547 57,905 19,293 24,879 95,467 90,876 193,990 186,753 60,064 20,542 25,829 100,573 98,577 205,857 198,727 62,810 21,375 26,582 107,412 104,894 216,678 208,201 67,533 23,613 29,228 Southeast............................................... 2,249,054 2,403,753 2,580,723 Alabama.................................................... Arkansas.................................................. F lorida....................................................... Georgia...................................................... Kentucky................................................... Louisiana.................................................. Mississippi................................................ North Carolina.......................................... South Carolina.......................................... Tennessee................................................ V irginia...................................................... West V irginia............................................ 128,020 73,720 582,766 272,953 113,984 125,957 72,579 260,698 117,248 179,012 275,618 46,500 135,636 77,475 633,193 292,544 119,151 135,318 77,748 277,743 124,392 187,679 294,734 48,139 144,463 82,918 690,268 311,855 126,719 143,223 81,098 297,596 134,197 200,227 316,298 51,862 Southwest.............................................. 1,019,582 1,107,818 Arizona...................................................... New Mexico.............................................. Oklahoma................................................. Texas......................................................... 170,026 51,579 101,182 696,796 188,152 55,342 107,640 756,683 Rocky Mountain..................................... 318,318 Colorado.................................................... Idaho......................................................... Montana................................................... Utah........................................................... W yom ing.................................................. 168,587 39,544 26,495 65,453 18,239 Far W est................................................. Alaska........................................................ California.................................................. Hawaii....................................................... Nevada...................................................... Oregon...................................................... Washington.............................................. 2009r 2009 Rank in United States Dollars 2004' 2005' 2006' 2007' 2008' 2009' 33,881 35,424 37,698 39,458 40,673 39,626 40,809 42,345 45,585 48,212 49,336 48,049 46,459 31,465 42,021 37,641 35,079 32,733 48,543 32,007 43,757 38,441 36,217 33,446 52,809 33,695 47,144 40,982 38,355 36,035 56,510 35,191 49,727 42,789 40,468 38,012 57,248 36,524 51,028 43,587 41,738 39,236 55,063 36,479 49,643 42,585 41,324 39,021 -1.8 38,269 40,076 43,076 45,706 46,868 45,815 -1.1 1.1 0.4 -2 .6 -3.1 -0 .3 35,713 51 274 40,530 42,415 38,407 33,724 37,001 54 918 42,480 44,034 40,687 34,808 39,096 59 569 44,979 47,709 43,987 37,102 40,098 63 979 46,923 50,494 47,188 39,090 40,806 68 381 48,410 51,583 48,107 40,418 39,949 68 013 48,275 50,009 46,459 40,161 1,723,393 -2.1 32,814 33,710 35,420 36,787 37,949 37,062 540,995 217,819 342,302 410,799 211,478 -2 .4 -2 .4 -3.1 -1.3 -0 .9 36,005 30,619 31,661 31,546 32,715 37,246 31,268 32,283 32,412 33,664 39,668 32,827 33,212 33,975 35,637 41,727 33,762 34,227 35,180 36,843 43,154 34,939 35,321 36,113 37,916 41,904 33,912 34,334 35,590 37,398 801,534 787,406 -1.8 33,131 34,065 35,876 37,764 39,668 38,719 114,436 112,271 226,159 218,993 71,485 26,615 31,576 113,166 110,673 220,438 215,181 70,565 26,344 31,040 -1.1 -1 .4 -2.5 -1.7 -1.3 -1.0 -1.7 31,726 31,924 37,078 31,353 33,237 30,320 32,132 32,368 33,145 37,988 32,162 34,289 32,331 33,110 33,927 35,772 39,985 33,903 35,679 33,568 33,711 36,060 37,792 41,739 35,230 38,156 36,999 36,671 38,222 40,134 43,238 36,766 40,116 41,493 39,248 37,623 39,263 41,859 35,938 39,277 40,727 38,208 2,727,083 2,832,556 2,798,462 -1.2 30,812 32,452 34,438 35,865 36,811 36,033 151,866 89,524 720,451 330,426 132,646 156,432 86,381 316,654 142,050 211,104 335,503 54,045 158,568 93,762 737,950 341,530 138,791 169,541 90,354 328,578 148,370 219,025 348,894 57,193 157,085 93,685 720,949 333,996 139,370 168,544 89,818 325,695 147,502 215,612 347,850 58,355 -0.9 -0.1 -2.3 -2.2 0.4 -0.6 -0.6 -0.9 -0.6 -1.6 -0.3 2.0 28,372 26,845 33,540 30,622 27,479 28,057 25,149 30,558 27,908 30,255 36,902 25,786 29,843 27,907 35,605 32,157 28,489 30,086 26,808 32,037 29,226 31,302 38,966 26,685 31,421 29,455 38,161 33,425 30,033 33,776 27,992 33,562 30,925 32,881 41,362 28,697 32,744 31,498 39,417 34,659 31,165 35,747 29,565 34,935 32,107 34,199 43,460 29,839 33,900 32,695 40,054 35,217 32,368 38,086 30,730 35,533 32,947 35,098 44756 31,513 33,360 32,423 38,890 33,980 32,306 37,520 30,426 34,719 32,338 34,245 44,129 32,067 1,209,262 1,289,169 1,392,932 1,373,422 -1.4 30,359 32,368 34,473 36,030 38,231 37,045 206,958 59,274 118,749 824,281 218,520 63,044 124,725 882,881 224,230 66,724 134,528 967,449 219,269 66,745 132,144 955,264 -2.2 0.0 -1.8 -1.3 29,521 27,264 28,790 31,082 31,491 28,876 30,469 33,185 33,423 30,513 33,223 35,272 34,346 32,022 34,529 37,037 34,500 33,584 36,917 39,806 33,244 33,212 35,840 38,546 341,570 372,380 396,025 415,078 407,342 -1.9 32,286 34,064 36,293 37,767 38,825 37,459 179,695 42,197 28,179 71,530 19,969 194,390 46,253 30,447 78,378 22,912 205,153 49,117 32,447 85,116 24,192 214,727 50,376 34,111 88,901 26,963 210,228 48,944 33,923 88,025 26,222 -2.1 -2 .8 -0 .5 -1 .0 -2 .7 36,652 28,414 28,616 26,837 36,261 38,555 29,594 30,144 28,616 39,446 40,898 31,585 32,177 30,335 44,676 42,367 32,761 33,897 31,953 46,220 43,509 32,979 35,237 32,596 50,588 41,839 31,662 34,794 31,612 48,178 1,795,140 1,897,138 2,048,299 2,158,818 2,227,276 2,181,263 -2.1 37,928 40,580 42,371 43,231 41,876 23,070 1,312,227 42,285 82,161 112,974 222,422 24,617 1,387,661 45,332 91,837 117,634 230,057 26,304 1,495,533 49,124 97,844 127,403 252,091 28,131 1,568,257 52,516 103,708 133,663 272,544 30,550 1,610,932 54,612 104,829 139,205 287,148 30,180 1,572,650 54,495 99,621 138,203 286,114 -1.2 -2.4 -0.2 -5.0 -0.7 -0.4 34,872 36,903 33,753 35,282 31,614 35,966 36,770 38,767 35,804 38,125 32,515 36,743 38,835 41,567 38,510 39,241 34,644 39,561 41,230 43,291 41,130 40,389 35,806 42,157 44,395 44,038 42,418 40,076 36,798 43,732 43,209 42,548 42,075 37,691 36,125 42,933 r Revised the estimate of personal income in the national income and product accounts because of differences in coverage, in the 1. Percent change from preceding period was calculated from unrounded data. methodologies used to prepare the estimates, and in the timing of the availability of source data. Note. The personal income level shown for the United States is derived as the sum of the state estimates. It differs from Source: Table 2 in the “Regional Quarterly Report” in the October 2010 Survey of C urrent B usiness 2009 1 30 3 10 16 22 19 4 2 6 18 13 40 37 34 29 27 21 14 32 20 17 25 41 44 23 39 46 28 50 36 45 38 7 47 42 43 33 24 15 48 35 49 5 8 11 12 26 31 9 Regional Data D-7 6 November 2010 Table I.3. Disposable Personal Income and Per Capita Disposable Personal Income by State and Region Per capita disposable personal incom e1 Disposable personal income Percent change2 Millions of dollars Area 2004r 2005r 2006r 2007r 2008r 2009r 2009 Rank in United States Dollars 2004r 2005r 2006r 2007r 2008r 2009r United States..................... 8,882 065 9,269,389 9,905,432 10,412 579 0.8 30,309 31,342 33,174 34,527 35,952 35,916 New England......................................... 506 349 519,148 558,095 584 790 610,558 615,156 0.8 35,617 36,490 39,141 40,900 42,510 42,631 137 37 235 44 33 18 811 226 219 222 557 314 141,491 37,611 242,288 45,018 34,229 18,511 153,813 39,596 260,656 48,178 35,953 19,899 162 41 272 50 37 20 490 317 286 211 597 889 168,561 43,051 286,404 51,723 39,116 21,704 168,164 43,977 289,355 51,823 39,638 22,198 -0.2 2.2 1.0 0.2 1.3 2.3 39,662 28,455 36,461 34,207 31,320 29,627 40,689 28,675 37,546 34,591 32,140 29,914 44,134 30,112 40,309 36,724 33,911 32,096 46,577 31,365 41,895 38,115 35,637 33,666 48,120 32,622 43,769 39,128 37,129 34,947 47,797 33,359 43,884 39,124 37,636 35,703 1,580 391 1,849 420 Connecticut. Maine........... Massachusetts........................................ New Hampshire...................................... Rhode Island........................................... Vermont..... Mideast.......... Delaware District of C olum bia................................ M aryland................................................... New Jersey.............................................. New York.................................................. Pennsylvania........................................... Great Lakes........................................... Illinois....................................................... Indiana...................................................... Michigan.................................................. Ohio.......................................................... Wisconsin................................................ Plains.. Iowa. Kansas ..................................................... Minnesota................................................ Missouri ............................................ Nebraska North Dakota........................................... South Dakota........................................... Southeast 1,640,209 1,755,189 085 956 375 707 253 015 27,089 27,635 205,361 328,725 668,814 382,585 29,108 30,114 217,700 355,529 714,843 407,895 1,350 590 26 25 196 320 637 374 1,923,431 1,945,128 1.1 33,450 34,622 36,951 38,799 40,220 40,491 220 169 522 131 015 362 31,494 35,241 237,638 385,960 785,809 447,289 31,980 36,430 244,517 386,761 788,456 456,985 1.5 3.4 2.9 0.2 0.3 2.2 31,556 44,767 35,430 37,242 33,022 30,191 32,252 47,478 36,787 38,127 34,598 30,808 34,123 51,567 38,790 41,227 36,930 32,707 34,941 54,857 40,205 43,090 39,130 34,207 35,943 59,723 41,996 44,551 40,365 35,594 36,130 60,751 42,902 44,416 40,348 36,255 1,499 039 30 32 226 372 760 428 1,380,020 1,447,415 1,561,496 1,568,232 0.4 29,409 29,978 31,352 32,378 33,661 33,725 401 679 780 521 209 417,908 175,184 291,861 329,577 165,490 443,565 184,570 299,376 344,743 175,160 465 190 305 356 181 111 000 770 590 568 488,791 199,210 315,874 369,487 188,134 489,471 199,005 313,796 374,504 191,456 0.1 -0.1 -0.7 1.4 1.8 32,218 27,626 28,523 28,132 29,250 32,972 28,016 28,924 28,721 29,864 34,877 29,289 29,693 29,997 31,438 36,395 29,940 30,422 30,952 32,414 38,059 31,184 31,580 32,051 33,431 37,913 30,983 31,475 32,445 33,857 588 699 602,630 635,546 669 529 711,598 715,952 0.6 29,940 30,480 31,912 33,376 35,217 35,206 85 79 167 163 52 17 23 209 021 008 733 717 814 197 86,413 81,470 170,056 167,716 54,246 18,849 23,879 90,432 87,754 179,851 177,581 56,222 19,412 24,293 95 788 92 601 188 205 184 832 60 137 21 313 26 653 102,362 99,763 197,422 195,038 64,087 23,976 28,950 103,425 100,670 197,921 196,279 64,568 24,118 28,971 1.0 0.9 0.3 0.6 0.8 0.6 0.1 28,969 28,937 32,880 28,434 30,259 27,996 29,959 29,298 29,714 33,302 28,884 30,967 29,667 30,611 30,506 31,845 34,934 30,296 31,936 30,484 30,809 32,157 33,363 36,254 31,275 33,977 33,396 33,440 34,189 35,663 37,744 32,745 35,965 37,379 35,983 34,385 35,714 37,583 32,781 35,939 37,286 35,662 2,036 424 2,427 930 407 171 287 322 161 2,547,376 2,570,940 0.9 27,899 29,084 30,727 31,930 33,105 33,103 218 677 860 841 192 822 338 554 054 290 283 802 143,389 84,740 669,467 306,044 123,939 152,174 83,038 292,043 134,258 201,570 305,358 51,356 144,832 86,281 667,940 305,653 127,380 153,848 83,798 296,762 136,382 202,333 312,200 53,530 1.0 1.8 -0.2 -0.1 2.8 1.1 0.9 1.6 1.6 0.4 2.2 4.2 25,921 24,572 30,367 27,509 24,781 25,807 23,349 27,500 25,411 28,026 32,566 23,668 27,031 25,344 31,726 28,653 25,512 27,557 24,795 28,546 26,368 28,810 34,039 24,249 28,245 26,690 33,994 29,581 26,894 30,561 25,751 29,721 27,763 30,023 35,983 26,042 29,371 28,385 35,117 30,611 27,769 32,408 27,155 30,732 28,718 31,151 37,732 26,945 30,655 29,549 36,337 31,558 28,904 34,185 28,242 31,582 29,813 32,301 39,171 28,297 30,758 29,861 36,031 31,096 29,526 34,249 28,387 31,635 29,900 32,135 39,606 29,416 1,157 247 1,256,600 1,265,053 0.7 27,829 29,320 31,010 32,343 34,489 34,122 202,853 60,694 120,558 872,495 203,194 61,739 121,048 879,072 0.2 1.7 0.4 0.8 26,727 24,982 26,217 28,604 28,159 26,242 27,435 30,175 29,753 27,515 29,718 31,832 30,588 28,795 30,758 33,344 31,211 30,549 33,084 35,899 30,807 30,721 32,831 35,472 347,397 368,703 370,843 0.6 29,131 30,347 32,052 33,130 34,487 34,102 178 43 28 74 21 786 694 826 959 132 189,582 45,294 30,502 79,335 23,990 190,432 45,093 31,057 80,352 23,909 0.4 -0.4 1.8 1.3 -0.3 32,830 25,921 26,103 24,325 33,060 34,160 26,572 27,192 25,554 35,371 35,946 28,127 28,850 26,849 39,292 36,922 29,144 30,114 28,140 40,373 38,414 29,652 31,509 29,089 45,010 37,899 29,171 31,853 28,856 43,929 1,789,939 1,877 227 1,963,087 1,975,257 0.6 32,240 33,293 35,462 36,844 38,103 37,921 23,892 1,298,263 43,547 86,564 111,224 226,448 25 1,352 46 92 117 243 344 890 589 004 357 042 27,546 1,409,889 48,817 94,942 122,033 259,859 27,673 1,415,642 49,937 92,281 125,164 264,559 0.5 0.4 2.3 -2.8 2.6 1.8 32,035 32,667 30,302 31,585 28,141 32,818 33,573 33,810 31,764 33,743 28,493 33,216 35,274 36,084 34,138 34,717 30,244 35,537 37,145 37,346 36,488 35,831 31,438 37,594 40,031 38,542 37,917 36,296 32,258 39,576 39,620 38,300 38,556 34,914 32,717 39,699 2,154,295 2,302,607 963 478 637 210 792 856 386 606 761 821 235 681 122,857 70,359 564,208 260,665 106,698 123,943 71,910 247,481 112,228 172,735 257,467 43,743 129,861 75,136 614,903 275,989 113,474 129,587 74,603 263,532 120,475 182,823 275,159 47,064 Southwest............................................. 934 596 1,003,510 1,087,780 Arizona..................................................... New Mexico............................................. Oklahoma................................................ Texas 153 935 47 262 92 139 641 261 168,244 50,294 96,921 688,051 184,234 53,451 106,223 743,873 194 56 111 794 606 690 105 846 Rocky Mountain..................................... 287 207 304,303 328,862 151 36 24 59 16 009 075 169 326 629 159,214 37,888 25,419 63,876 17,906 170,853 41,189 27,299 69,370 20,151 1,597 808 1,665,273 21 1,161 37 73 100 202 22,477 1,210,243 40,216 81,280 103,084 207,973 Alabam a.................................................. Arkansas .................................................. Florida...................................................... Georgia..................................................... Kentucky................................................... Louisiana ............................................ Mississippi... North Carolina......................................... South Carolina......................................... Tennessee... Virginia West V irginia........................................... Colorado................................................... Idaho Montana.................................................. Utah. Wyoming.................................................. Far West Alaska....................................................... California................................................. Hawaii....................................................... Nevada..................................................... O regon..................................................... Washington.............................................. 10,942,849 11,026,561 116 67 527 245 102 115 67 234 106 165 243 42 193 582 962 552 562 957 136 80 641 291 118 141 79 278 127 192 291 48 r Revised the estimate of personal income in the national income and product accounts because of differences in coverage, in the 1. Per capita disposable personal income was computed using midyear population estimates of the Census Bureau. methodologies used to prepare the estimates, and in the timing of the availability of source data. 2. Percent change from preceding period was calculated from unrounded data. Source: Table 3 in the “Regional Quarterly Report" in the October 2010 S urvey of C urrent B usiness N ote. The personal income level shown for the United States is derived as the sum of the state estimates. It differs from 2009 1 30 4 10 15 23 19 5 2 6 18 13 40 38 34 29 27 22 16 32 21 17 24 42 45 20 39 46 28 50 37 44 35 9 47 41 43 31 25 14 48 36 49 3 8 12 11 26 33 7 D-77 November 2010 Table I.4. Gross Domestic Product (GDP) by State for Industries, 2008 [Millions of dollars] State and region Rank of total GDP by state Total Natural resources Construction and mining Durable-goods manufacturing Nondurablegoods manufacturing Trade Transportation Information and utilities Financial activities Professional Education and and health business services services 14,165,565 483,038 581,537 914,711 763,683 3,315 26,634 54,360 28,873 85,315 27,907 New 188,953 England...................... 31,987 111,355 216,174 49,709 364,988 60,005 47,364 25,442 475 759 1,103 303 122 554 5,793 2,222 13,267 2,300 1,995 1,058 17,863 2,920 23,646 4,818 3,000 2,112 11,000 2,574 11,160 1,700 1,650 789 23,169 6,897 38,376 8,434 5,153 3,286 7,921 2,319 11,515 3,132 1,756 1,263 8,213 1,277 17,565 2,184 1,803 944 61,023 9,865 87,286 13,852 12,301 4,627 2,605,113 14,141 91,233 94,225 114,216 280,482 115,571 139,307 674,662 61,828 97,235 273,333 474,936 1,144,481 553,301 455 1 1,254 958 3,827 7,647 2,011 1,159 14,727 17,321 34,088 21,928 1,132 63 6,600 13,899 30,349 42,183 3,433 130 8,594 29,957 38,787 33,314 4,634 2,079 29,584 67,259 110,544 66,381 1,979 1,336 14,369 23,731 40,405 33,752 1,250 5,612 10,081 22,063 80,138 20,164 Great Lakes........................ 1,983,039 28,134 74,734 214,502 122,706 247,109 113,394 59,086 369,162 Indiana................................ Michigan............................ O hio.................................... W isconsin.......................... 17 12 8 21 633,697 254,861 382,544 471,508 240,429 8,163 4,824 4,338 5,893 4,916 25,786 10,287 13,020 16,262 9,379 45,583 38,399 45,866 55,372 29,283 33,176 25,381 15,891 28,686 19,572 79,147 30,319 49,025 60,401 28,217 37,408 16,536 19,838 27,479 12,133 23,141 5,641 10,541 12,436 7,326 Illinois................................. 95,820 137,243 38,201 21,253 54,071 67,060 81,461 59,603 45,196 22,083 49,976 22,268 35,669 44,134 22,906 910,517 41,557 34,822 73,870 54,904 114,834 53,332 36,040 157,068 101,701 79,845 Iowa.................................... Kansas............................... Minnesota.......................... Missouri.............................. Nebraska........................... North Dakota..................... South Dakota..................... 30 32 16 22 36 49 46 135,702 122,731 262,847 237,797 83,273 31,208 36,959 9,026 6,960 7,336 4,109 5,803 4,664 3,660 4,769 4,364 9,791 10,046 3,112 1,418 1,323 15,301 11,881 20,999 16,299 4,778 1,997 2,614 12,869 6,718 12,726 15,748 5,085 837 921 15,630 15,736 33,470 31,476 9,742 4,259 4,522 7,923 7,216 11,852 13,391 8,803 2,278 1,868 3,864 7,220 9,088 11,117 2,759 1,002 991 24,581 16,889 53,522 36,116 12,893 4,191 8,878 8,447 12,509 36,989 32,017 7,885 1,865 1,989 10,354 9,446 25,136 21,864 6,802 2,744 3,499 3,148,037 90,891 143,916 193,231 199,676 403,610 169,004 119,868 560,883 369,289 ............................ Arkansas ........................... Florida................................ Georgia............................... Kentucky............................. Louisiana........................... Mississippi......................... North Carolina................... South Carolina................... Tennessee......................... V irginia............................... West V irginia..................... 25 34 4 10 27 23 35 9 28 18 11 40 170,014 98,331 744,120 397,756 156,436 222,218 91,782 400,192 156,384 252,127 397,025 61,652 5,450 5,011 7,567 5,000 6,392 38,408 5,554 4,493 1,403 1,851 3,837 5,926 7,568 3,987 41,929 17,464 6,028 9,680 4,438 16,628 7,719 9,596 16,384 2,494 18,196 9,386 24,118 18,382 16,630 8,613 8,181 30,979 15,119 24,487 15,651 3,487 11,079 7,697 11,602 24,902 12,203 31,932 5,548 46,977 10,054 16,107 18,447 3,130 23,023 13,622 102,447 56,941 20,067 23,242 11,963 46,711 21,277 37,583 39,251 7,484 9,817 7,022 35,381 24,832 10,372 13,802 6,037 16,708 8,600 13,989 17,365 5,080 4,418 3,853 30,497 25,260 4,143 4,447 2,096 12,097 4,313 8,438 18,820 1,484 Alabam 24,215 a 12,065 181,383 69,226 20,263 22,302 11,333 76,592 23,753 38,728 73,425 7,597 16,192 8,639 93,052 49,838 13,258 17,965 6,490 42,039 15,576 29,151 72,701 4,388 1,698,748 192,030 80,964 107,262 92,081 206,556 107,368 59,605 256,714 248,888 79,901 146,448 1,223,511 7,259 13,708 22,850 148,214 13,269 3,473 5,369 58,853 16,212 4,195 9,703 77,151 3,314 1,072 6,042 81,652 33,367 7,896 16,927 148,365 11,437 4,076 8,903 82,952 6,662 2,112 4,498 46,334 57,732 10,035 17,531 171,416 482,328 38,777 24,323 23,528 13,123 56,728 24,086 27,621 248,603 52,747 35,891 109,777 35,310 14,472 3,467 4,040 4,710 12,088 12,099 2,720 2,007 5,343 2,154 9,456 3,423 833 9,442 373 6,443 1,778 618 3,576 708 28,508 7,273 4,383 13,455 3,109 9,639 2,669 3,034 5,184 3,560 21,137 1,229 938 3,834 483 2,574,100 74,192 104,911 153,734 97,380 309,639 110,220 47,912 1,846,757 63,847 131,233 161,573 322,778 15,498 43,333 406 3,350 4,190 7,415 1,829 67,770 3,596 10,665 6,339 14,711 163 100,274 427 4,200 25,388 23,282 791 80,860 664 1,540 4,813 8,713 2,927 223,755 6,590 15,023 19,205 42,139 5,039 75,890 3,351 6,330 7,081 12,529 Connecticut....................... Maine.................................. Massachusetts.................. New Hampshire................ Rhode Island..................... Vermont.............................. 24 43 13 41 45 50 ........................... 39 M aryland............................ New Jersey........................ New Y ork........................... Pennsylvania..................... 15 7 3 6 Southwest.......................... A rizona............................... New Mexico....................... Oklahoma.......................... Texas.................................. 19 37 29 2 Rocky Mountain................. Colorado............................ Idaho.................................. M ontana............................ Utah.................................... Wyoming............................ 20 42 47 33 48 Far West.............................. Alaska................................. California........................... Hawaii................................. Nevada ............................... Oregon............................... Washington........................ 44 1 38 31 26 14 722,960 1,704,273 Note. Totals shown for the United States differ from the national income and product account statistics 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 720,882 Other services Government 1,157,916 536,346 326,796 1,740,939 86,013 26,746 16,164 76,062 29,282 4,596 63,351 7,034 4,961 2,131 20,504 6,063 44,010 6,633 5,656 3,147 6,197 2,067 12,927 2,346 1,841 1,368 4,285 1,121 7,648 1,458 1,031 620 20,448 7,031 33,134 5,812 6,095 3,542 382,607 239,860 87,979 61,692 309,137 Delaware 27,420 7,588 13,671 24,609 53,919 41,931 110,823 72,742 162,536 363,255 105,574 73,201 3,953 6,929 24,896 39,766 99,982 64,334 1,467 3,602 9,198 17,262 39,587 16,862 1,107 6,297 7,044 9,809 23,497 13,938 5,398 31,749 51,133 49,344 117,487 54,025 66,558 47,536 212,334 5 21,470 9,638 13,405 14,673 7,372 15,524 6,197 9,281 11,009 5,525 61,261 25,918 44,538 54,098 26,519 30,247 21,126 111,170 4,290 3,447 8,202 9,907 2,160 904 1,337 2,864 2,929 5,935 6,140 1,791 659 808 15,784 17,418 27,801 29,567 11,660 4,391 4,549 246,449 127,683 75,343 448,195 13,071 8,162 63,525 28,323 13,910 14,094 7,224 30,032 10,655 25,721 25,775 5,955 4,845 2,898 42,321 13,883 5,159 8,863 4,620 12,830 6,890 11,048 12,055 2,271 4,388 2,313 19,701 8,269 3,442 4,278 2,220 8,105 3,957 6,873 10,419 1,378 27,752 13,675 90,599 55,436 24,568 24,591 16,077 56,001 27,068 28,556 72,895 10,977 193,209 113,885 54,993 34,842 199,239 29,962 9,088 13,375 140,784 21,425 5,877 10,657 75,926 10,989 2,846 4,384 36,774 4,878 1,664 3,187 25,113 32,383 13,859 23,021 129,976 85,923 60,244 32,925 19,898 11,727 63,426 46,224 8,943 5,568 21,768 3,420 36,574 6,446 2,836 12,830 1,559 16,488 4,259 3,401 7,297 1,480 11,079 1,919 1,743 3,849 1,307 5,877 1,076 885 3,311 578 30,608 7,544 5,604 15,178 4,491 148,472 555,045 334,536 183,985 122,243 58,366 321,378 1,046 112,752 1,391 2,364 5,420 25,499 4,792 416,324 13,903 28,606 29,051 62,369 2,691 260,133 5,789 14,035 16,113 35,775 2,562 131,067 4,918 7,019 14,139 24,279 1,440 75,639 6,087 22,400 5,305 11,371 702 42,196 1,592 2,337 3,784 7,755 8,432 216,764 15,133 13,364 20,745 46,940 621,986 2,848,410 1,805,772 Leisure and hospitality 252,830 174,954 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 statistics for 2008 that were released on June 2,2009. D-78 November 2010 J. Local Area Table Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2007-2009—Continues Personal income United States................................. Metropolitan portio n ................................................. Percent change from preceding period 2 Millions of dollars Area Per capita personal income1 Rank in United States Dollars 2007 2008 2009 p 11,879,836 12,225,589 12,024,414 2.9 -1.6 39,392 40,166 39,167 2.0 -2.5 10,404,973 10,684,318 10,488,977 2.7 -1.8 41,260 41,930 40,757 1.6 -2.8 5,116 26,005 4,533 34,883 28,883 4,988 30,270 3,872 8,012 2,926 16,068 3,891 5,314 13,614 3,515 8,194 13,722 5,477 203,961 10,407 3,594 16,872 59,758 23,023 124,418 4,711 11,081 26,749 4,150 3,218 12,696 6,750 5,566 5,742 8,066 43,734 3,787 4,351 5,342 6,105 21,200 243,740 14,886 3,531 10,001 70,748 7,846 3,595 40,778 4,502 8,258 13,053 24,617 2,895 2,365 3,557 9,425 7,360 10,703 22,102 66,218 8,226 17,653 3,739 423,953 6,856 82,568 8,666 3,293 82,646 4,282 5,568 22,729 5,690 24,932 10,150 2,742 67,204 13,982 3,013 7,321 5,343 26,523 4,746 36,327 29,982 5,218 31,012 3,993 8,463 3,052 17,267 4,026 5,534 13,483 3,652 8,417 14,038 5,700 206,463 10,780 3,693 17,672 61,800 23,952 128,213 4,948 11,341 28,326 4,317 3,332 13,403 7,010 5,635 5,900 8,415 44,798 3,947 4,470 5,568 6,435 21,323 250,811 15,040 3,698 10,312 70,754 8,323 3,718 42,317 4,659 8,517 13,393 24,077 2,978 2,374 3,812 9,893 7,778 11,257 22,941 67,612 8,453 18,091 3,915 431,795 7,101 84,330 9,304 3,383 84,009 4,422 5,836 23,581 5,910 25,880 10,646 2,874 68,952 14,725 3,087 7,370 5,285 26,071 4,809 36,291 30,168 5,262 31,015 4,096 8,417 3,074 16,988 4,064 5,462 13,219 3,629 8,234 13,847 5,604 199,747 10,711 3,704 17,898 60,568 24,174 129,061 5,072 11,274 28,577 4,342 3,356 13,342 6,946 5,503 5,873 8,348 43,511 4,072 4,500 5,716 6,510 20,615 246,471 14,412 3,660 10,369 66,437 8,505 3,636 42,155 4,562 8,582 13,206 22,984 3,048 2,303 3,633 9,829 7,883 11,431 22,938 65,234 8,433 17,734 3,934 418,929 7,164 82,897 9,730 3,367 82,288 4,358 5,905 24,077 6,025 25,952 10,837 2,769 68,907 14,457 3,059 7,429 4.4 2.0 4.7 4.1 3.8 4.6 2.5 3.1 5.6 4.3 7.5 3.5 4.1 -1.0 3.9 2.7 2.3 4.1 1.2 3.6 2.8 4.7 3.4 4.0 3.1 5.0 2.3 5.9 4.0 3.6 5.6 3.9 1.2 2.8 4.3 2.4 4.2 2.7 4.2 5.4 0.6 2.9 1.0 4.7 3.1 0.0 6.1 3.4 3.8 3.5 3.1 2.6 -2.2 2.9 0.4 7.2 5.0 5.7 5.2 3.8 2.1 2.8 2.5 4.7 1.8 3.6 2.1 7.4 2.7 1.6 3.3 4.8 3.8 3.9 3.8 4.9 4.8 2.6 5.3 2.5 0.7 -1.1 -1.7 1.3 -0.1 0.6 0.8 0.0 2.6 -0.5 0.7 -1.6 0.9 -1.3 -2.0 -0.6 -2.2 -1.4 -1.7 -3.3 -0.6 0.3 1.3 -2.0 0.9 0.7 2.5 -0.6 0.9 0.6 0.7 -0.5 -0.9 -2.4 -0.5 -0.8 -2.9 3.2 0.7 2.7 1.2 -3 .3 -1.7 -4.2 -1.0 0.6 -6.1 2.2 -2.2 -0.4 -2.1 0.8 -1.4 -4.5 2.3 -3.0 -4.7 -0.7 1.3 1.6 0.0 -3.5 -0.2 -2 .0 0.5 -3 .0 0.9 -1.7 4.6 -0.5 -2.0 -1.5 1.2 2.1 1.9 0.3 1.8 -3.7 -0.1 -1.8 -0.9 0.8 32,176 37,120 27,699 40,941 34,604 32,661 37,586 30,736 33,129 34,329 44,521 29,723 29,496 39,142 31,163 37,585 33,935 29,333 38,721 38,553 27,476 31,892 37,477 29,341 46,604 31,705 49,858 34,647 30,361 29,968 33,791 35,004 36,282 38,332 32,870 39,299 36,760 27,602 29,198 37,228 36,160 54,117 50,344 30,327 42,004 79,576 20,502 35,371 36,216 31,083 40,059 31,946 42,062 31,140 42,998 49,526 37,367 32,932 35,277 34,973 40,108 42,731 34,225 43,175 44,854 31,486 38,434 33,053 29,606 39,370 31,976 27,436 37,428 35,097 34,646 35,377 36,714 38,198 33,975 36,937 40,465 33,589 37,893 28,854 42,523 35,415 34,005 38,208 31,709 34,729 35,400 47,205 30,674 30,252 39,107 32,199 38,298 34,323 30,010 38,336 39,835 27,749 33,056 37,362 30,047 47,881 33,149 51,194 36,346 31,652 30,971 35,507 35,592 35,728 38,737 34,367 39,886 37,728 28,196 30,231 38,865 35,615 55,187 50,058 31,180 42,992 79,108 21,387 36,088 37,647 31,501 41,139 32,763 40,898 31,926 42,955 52,185 38,811 34,723 37,111 35,447 39,621 43,344 34,784 44,613 45,377 32,349 39,066 35,545 30,092 40,118 32,279 28,176 38,221 35,998 35,328 37,063 38,068 38,741 35,636 37,755 41,050 33,016 37,247 29,068 42,318 35,165 34,146 38,008 32,478 34,150 35,246 45,355 30,921 29,542 38,032 31,809 37,108 33,554 29,153 36,482 39,421 27,259 33,197 35,522 29,940 47,962 33,947 50,979 36,314 32,018 31,237 35,252 34,657 34,688 37,997 34,116 38,468 38,311 28,197 30,796 38,818 33,997 53,713 47,489 30,348 43,051 73,720 21,456 35,013 37,511 30,338 41,247 32,367 39,160 32,521 41,741 48,759 38,345 34,859 37,577 34,797 37,372 42,857 33,824 44,273 43,727 32,478 38,168 36,233 29,704 39,348 31,265 27,818 38,448 36,241 34,847 37,011 36,400 38,242 34,743 37,030 41,624 4.4 2.1 4.2 3.9 2.3 4.1 1.7 3.2 4.8 3.1 6.0 3.2 2.6 -0.1 3.3 1.9 1.1 2.3 -1.0 3.3 1.0 3.6 -0.3 2.4 2.7 4.6 2.7 4.9 4.3 3.3 5.1 1.7 -1.5 1.1 4.6 1.5 2.6 2.2 3.5 4.4 -1.5 2.0 -0.6 2.8 2.4 -0.6 4.3 2.0 4.0 1.3 2.7 2.6 -2.8 2.5 -0.1 5.4 3.9 5.4 5.2 1.4 -1.2 1.4 1.6 3.3 1.2 2.7 1.6 7.5 1.6 1.9 0.9 2.7 2.1 2.6 2.0 4.8 3.7 1.4 4.9 2.2 1.4 -1.7 -1.7 0.7 -0.5 -0.7 0.4 -0 .5 2.4 -1 .7 -0 .4 -3.9 0.8 -2 .3 -2 .7 -1.2 -3.1 -2 .2 -2 .9 -4.8 -1.0 -1 .8 0.4 -4.9 -0 .4 0.2 2.4 -0 .4 -0.1 1.2 0.9 -0.7 -2.6 -2.9 -1.9 -0.7 -3.6 1.5 0.0 1.9 -0.1 -4.5 -2.7 -5.1 -2.7 0.1 -6.8 0.3 -3.0 -0 .4 -3 .7 0.3 -1.2 -4.2 1.9 -2 .8 -6 .6 -1 .2 0.4 1.3 -1 .8 -5 .7 -1.1 -2 .8 -0 .8 -3 .6 0.4 -2 .3 1.9 -1.3 -1.9 -3.1 -1.3 0.6 0.7 -1.4 -0.1 -4.4 -1.3 -2.5 -1.9 1.4 2008 2009p 2007 Percent change from preceding period 2008 2009“ 2008 2009 p Metropolitan statistical areas 3 Abilene, T X ......................................................................... Akron, OH................................ Albany, GA............................... Albany-Schenectady-Troy, NY Albuquerque, N M ................... Alexandria, L A ........................ Allentown-Bethlehem-Easton, PA-NJ.............................. Altoona, PA.............................. Amarillo, T X ........................................................................ Ames, IA .................................................................... Anchorage, AK Anderson, IN .. Anderson, SC. Ann Arbor, M l. Anniston-Oxford, A L .......................................................... Appleton, Wl... Asheville, NC.. Athens-Clarke County, G A ............................................... Atlanta-Sandy Springs-Marietta, G A ............................... Atlantic City-Hammonton, N J ........................................... Auburn-Opelika, AL Augusta-Richmond County, GA-SC................................. Austin-Round Rock-San Marcos, TX............................... Bakersfield-Delano, C A ..................................................... Baltimore-Towson, M D ...................................................... Bangor, ME Barnstable Town, M A ........................................................ Baton Rouge, L A ............................................................... Battle Creek, Ml.................................................................. Bay City, M l.... Beaumont-Port Arthur, T X ................................................ Bellingham, WA Bend, OR Billings, MT Binghamton, N Y ................................................................. Birmingham-Hoover, A L ................................................... Bismarck, N D ..................................................................... Blacksburg-Christiansburg-Radford, VA......................... Bloomington, IN ....................................................... Bloomington-Normal, I L .................................................... Boise City-Nampa, ID. Boston-Cambridge-Quincy, MA-NH................................. Boulder, CO........................................................................ Bowling Green, KY Bremerton-Silverdale, W A................................................ Bridgeport-Stamford-Norwalk, C T ................................... Brownsville-Harlingen, T X ................................................ Brunswick, G A .................................................................... Buffalo-Niagara Falls, N Y .................................................. Burlington, N C ............ Burlington-South Burlington, V T...................................... Canton-Massillon, OH Cape Coral-Fort Myers, FL............................................... Cape Girardeau-Jackson, MO-IL..................................... Carson City, NV Casper, W Y ........................................................................ Cedar Rapids, IA ................................................................ Champaign-Urbana, IL ...................................................... Charleston, W V .................................................................. Charleston-North Charleston-Summerville, S C ............ Charlotte-Gastonia-Rock Hill, N C -S C ............................ Charlottesville, V A .............................................................. Chattanooga, TN-GA......................................................... Cheyenne, W Y ................................................................... Chicago-Joliet-Naperville, IL-IN-WI................................. Chico, C A ............................................................................ Cincinnati-Middletown, OH-KY-IN.................................... Clarksville, TN -KY ............................................................. Cleveland, T N ..................................................................... Cleveland-Elyria-Mentor, O H ............................................ Coeur d’Alene, ID .............................................................. College Station-Bryan, TX................................................ Colorado Springs, C O ....................................................... Columbia, M O .................................................................... Columbia, S C ..................................................................... Columbus, G A -A L............................................................. Columbus, IN.. Columbus, OH Corpus Christi, TX............................................................. Corvallis, O R ...................................................................... Crestview-Fort Walton Beach-Destin, F L ....................... See the footnotes at the end of the table. 225 122 341 49 178 209 117 277 193 180 24 305 317 92 267 112 202 327 111 77 353 240 129 325 21 238 13 146 279 298 175 171 163 106 200 76 124 347 318 101 170 7 17 295 44 1 365 152 126 284 58 247 63 272 45 11 103 194 131 177 84 40 192 37 34 260 94 173 324 70 264 348 116 156 183 133 118 105 168 123 60 November 2010 D-79 S u r v ey o f 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, 2007-2009—Continues Personal income Area Cumberland, MD-W V........................................................ Dallas-Fort Worth-Arlington, T X ...................................... Dalton, GA........................................................................... Danville, IL.. Danville, V A ........................................................................ Davenport-Moline-Rock Island, IA -IL .............................. Dayton, OH......................................................................... Decatur, A L ...................................... Decatur, IL ........................................ Deltona-Daytona Beach-Ormond Beach, F L ................ Denver-Aurora-Broomfield, C O ........................................ Des Moines-West Des Moines, IA................................... Detroit-Warren-Livonia, M l............................................... Dothan, A L . Dover, DE... Dubuque, IA Duluth, MN-WI.................................................................... Durham-Chapel Hill, NC................................................... Eau Claire, W l.................................................................... El Centro, C A ..................................................................... Elizabethtown, K Y ............................................................. Elkhart-Goshen, IN ........................................................... Elmira, NY.. El Paso, TX. Erie, PA .......................................................................... Eugene-Springfield, O R ................................................... Evansville, IN-KY................................................................ Fairbanks, AK Fargo, ND-MN.................................................................... Farmington, NM.................................................................. Fayetteville, N C .................................................................. Fayetteville-Springdale-Rogers, A R -M O ........................ Flagstaff, A Z ....................................................................... Flint, M l............................................................................... Florence, S C ...... Florence-Muscle Shoals, A L ............................................ Fond du Lac, W l................................................................ Fort Collins-Loveland, C O ................................................ Fort Smith, AR-O K. Fort Wayne, IN ...... Fresno, C A ............. Gadsden, A L ...................................................................... Gainesville, F L ..... Gainesville, GA Glens Falls, N Y ..... Goldsboro, NC Grand Forks, N D -M N ........................................................ Grand Junction, CO Grand Rapids-Wyoming, M i............................................. Great Falls, MT................................................................... Greeley, C O ......................... Green Bay, W l.................... Greensboro-High Point, N C ............................................. Greenville, N C .................... Greenville-Mauldin-Easley, S C ........................................ Gulfport-Biloxi, M S ............ Hagerstown-Martinsburg, M D -W V.................................. 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, L A ............................... Houston-Sugar Land-Baytown, TX .................................. Huntington-Ashland, WV-KY-OH..................................... Huntsville, A L ..................... Idaho Falls, ID .................... Indianapolis-Carmel, IN Iowa City, IA........................................................................ Ithaca, N Y .. Jackson,Ml Jackson, M S....................................................................... Jackson, T N ....................................................................... Jacksonville, FL .................................................................. Jacksonville, N C ................................................................. Janesville, W l..................................................................... Jefferson City, M O ............................................................. Johnson City, T N ................................................................ Johnstown, PA.................................................................... Jonesboro, AR.................................................................... Joplin, M O .......................................................................... See the footnotes at the end of the table. Millions of dollars 2007 2008 2,848 254,067 3,867 2,327 3,050 13,943 29,308 4,685 4,109 15,895 116,354 22,732 170,963 4,562 4,626 3,133 9,189 19,556 5,130 4,231 3,661 6,615 2,788 19,596 8,689 11,353 12,217 3,537 7,226 3,568 12,828 14,373 4,259 12,529 6,301 4,220 3,538 11,112 8,664 13,870 27,117 2,993 8,732 5,413 4,087 3,416 3,259 4,811 25,596 2,886 6,780 10,917 24,421 5,420 20,704 8,669 8,398 3,893 20,259 3,577 59,198 3,937 10,797 1,830 8,424 39,258 3,190 7,361 248,161 8,286 14,397 3,975 65,586 5,441 3,251 4,649 18,610 3,543 52,267 6,016 5,059 4,768 5,768 4,310 3,357 4,880 3,003 262,549 3,851 2,456 3,165 14,540 29,736 4,884 4,241 15,964 120,044 23,552 172,649 4,718 4,781 3,266 9,520 20,092 5,261 4,512 3,820 6,457 2,942 20,728 9,031 11,680 12,737 3,833 7,801 3,858 13,838 14,818 4,409 12,646 6,528 4,377 3,649 11,378 8,937 14,067 27,994 3,098 8,884 5,578 4,248 3,557 3,487 5,203 26,076 2,997 7,068 11,204 25,038 5,682 21,451 8,427 8,757 3,977 20,875 3,688 60,458 4,094 10,981 1,913 8,612 40,809 3,253 7,910 262,484 8,713 15,197 4,142 67,623 5,716 3,420 4,745 19,368 3,668 52,697 6,758 5,098 4,975 6,007 4,511 3,571 5,120 Per capita personal income1 Percent change from preceding period 2 2009 p 3,134 254,769 3,722 2,507 3,224 14,429 29,514 4,794 4,219 15,610 117,356 23,524 165,311 4,723 4,909 3,232 9,503 20,107 5,240 4,698 4,017 6,051 2,899 21,515 9,038 11,526 12,691 3,833 7,836 3,783 14,745 14,664 4,429 12,562 6,517 4,392 3,501 11,150 8,807 13,864 28,120 3,096 8,895 5,380 4,249 3,628 3,434 4,996 25,661 3,017 6,906 11,048 24,516 5,768 20,962 8,486 8,826 3,923 21,064 3,704 59,402 4,126 10,712 1,986 8,313 41,282 3,221 7,725 255,635 8,931 15,476 4,076 66,850 5,784 3,423 4,690 19,198 3,634 51,533 7,730 4,932 5,027 6,059 4,624 3,529 5,157 2008 5.5 3.3 -0.4 5.5 3.8 4.3 1.5 4.2 3.2 0.4 3.2 3.6 1.0 3.4 3.3 4.2 3.6 2.7 2.6 6.7 4.3 -2.4 5.5 5.8 3.9 2.9 4.3 8.4 8.0 8.1 7.9 3.1 3.5 0.9 3.6 3.7 3.1 2.4 3.2 1.4 3.2 3.5 1.7 3.0 3.9 4.1 7.0 8.1 1.9 3.8 4.2 2.6 2.5 4.8 3.6 -2 .8 4.3 2.2 3.0 3.1 2.1 4.0 1.7 4.6 2.2 4.0 2.0 7.5 5.8 5.2 5.6 4.2 3.1 5.1 5.2 2.1 4.1 3.5 0.8 12.3 0.8 4.3 4.1 4.7 6.4 4.9 2009p 4.3 -3 .0 -3 .3 2.1 1.9 -0 .8 -0 .7 -1 .8 -0 .5 -2 .2 -2.2 -0.1 -4.3 0.1 2.7 -1 .0 -0 .2 0.1 -0 .4 4.1 5.2 -6.3 -1.5 3.8 0.1 -1.3 -0 .4 0.0 0.4 -1.9 6.6 -1.0 0.5 -0.7 -0 .2 0.3 -4.1 -2.0 -1.5 -1 .4 0.5 -0.1 0.1 -3 .5 0.0 2.0 -1 .5 -4 .0 -1 .6 0.7 -2 .3 -1 .4 -2.1 1.5 -2 .3 0.7 0.8 -1 .3 0.9 0.4 -1.7 0.8 -2.5 3.8 -3 .5 1.2 -1 .0 -2 .3 -2.6 2.5 1.8 -1 .6 -1.1 1.2 0.1 -1 .2 -0 .9 -0 .9 -2 .2 14.4 -3 .3 1.0 0.9 2.5 -1.2 0.7 Rank in United States Dollars 2007 28,601 41,267 28,980 28,758 28,803 37,145 34,908 31,382 37,798 31,869 47,501 41,769 38,362 32,639 30,419 33,960 33,550 40,809 32,594 26,382 32,790 33,344 31,656 26,924 31,054 32,924 34,899 36,105 37,566 29,173 36,544 32,363 33,417 28,863 31,659 29,481 35,601 38,726 29,929 33,858 30,472 28,995 33,963 30,269 31,833 30,150 33,673 34,792 33,038 35,286 27,988 36,278 35,074 31,361 33,558 37,434 32,142 26,369 38,241 30,359 49,900 28,346 29,984 25,496 32,551 43,683 33,055 36,532 44,333 29,099 37,134 33,341 38,633 37,092 32,374 28,576 34,863 31,440 40,171 36,771 31,730 32,826 29,830 29,710 28,870 28,535 2008 30,101 41,667 28,675 30,523 29,789 38,571 35,526 32,483 39,147 32,098 48,010 42,506 39,028 33,357 30,749 35,273 34,595 40,927 33,193 27,666 33,981 32,263 33,469 28,071 32,294 33,522 36,329 38,969 39,812 31,518 39,054 32,537 34,330 29,488 32,603 30,433 36,541 38,848 30,714 34,176 30,997 29,947 34,277 30,195 33,018 31,364 35,855 36,665 33,582 36,533 28,402 37,060 35,405 32,179 34,044 35,683 33,135 26,734 39,106 31,055 50,755 29,036 30,230 27,224 33,009 45,205 33,298 39,019 45,835 30,583 38,259 33,639 39,297 38,273 33,856 29,610 36,054 32,456 40,028 39,932 31,826 33,970 30,682 31,221 30,228 29,663 2009p 31,420 39,514 27,708 31,311 30,471 38,065 35,344 31,668 38,991 31,479 45,982 41,790 37,541 33,097 31,119 34,722 34,387 40,116 32,745 28,154 35,411 30,180 32,814 28,638 32,244 32,826 36,063 38,856 39,159 30,479 40,917 31,562 34,111 29,623 32,477 30,446 34,984 37,368 30,053 33,462 30,724 29,869 34,122 28,657 32,994 31,877 35,328 34,197 32,983 36,718 27,109 36,248 34,300 32,094 32,773 35,540 33,161 26,371 39,231 30,795 49,667 28,831 29,317 26,681 31,735 45,486 32,705 38,060 43,568 31,269 38,090 32,318 38,339 37,985 33,632 29,343 35,495 31,985 38,801 44,664 30,797 34,093 30,695 32,114 29,378 29,586 Percent change from preceding period 2008 323 56 344 312 329 109 174 256 91 269 19 50 96 233 300 184 197 62 237 354 211 265 230 349 263 228 148 99 78 283 95 255 201 335 252 315 141 102 302 204 297 328 203 321 242 290 159 140 227 143 346 134 179 268 207 165 239 357 93 296 15 340 319 356 243 35 236 97 32 308 114 222 88 113 215 334 153 257 71 74 274 213 304 293 320 332 5.2 1.0 -1.1 6.1 3.4 3.8 1.8 3.5 3.6 0.7 1.1 1.8 1.7 2.2 1.1 3.9 3.1 0.3 1.8 4.9 3.6 -3.2 5.7 4.3 4.0 1.8 4.1 7.9 6.0 8.0 6.9 0.5 2.7 2.2 3.0 3.2 2.6 0.3 2.6 0.9 1.7 3.3 0.9 -0.2 3.7 4.0 6.5 5.4 1.6 3.5 1.5 2.2 0.9 2.6 1.4 -4 .7 3.1 1.4 2.3 2.3 1.7 2.4 0.8 6.8 1.4 3.5 0.7 6.8 3.4 5.1 3.0 0.9 1.7 3.2 4.6 3.6 3.4 3.2 -0 .4 8.6 0.3 3.5 2.9 5.1 4.7 4.0 2009 p 4.4 -5 .2 -3 .4 2.6 2.3 -1.3 -0.5 -2.5 -0.4 -1 .9 -4 .2 -1.7 -3.8 -0.8 1.2 -1.6 -0.6 -2.0 -1.3 1.8 4.2 -6.5 -2.0 2.0 -0.2 -2.1 -0.7 -0.3 -1 .6 -3 .3 4.8 -3 .0 -0 .6 0.5 -0.4 0.0 -4 .3 -3 .8 -2.2 -2.1 -0 .9 -0 .3 -0 .5 -5.1 -0.1 1.6 -1.5 -6 .7 -1 .8 0.5 -4 .6 -2.2 -3.1 -0 .3 -3 .7 -0 .4 0.1 -1 .4 0.3 -0 .8 -2.1 -0.7 -3 .0 -2 .0 -3 .9 0.6 -1 .8 -2.5 -4.9 2.2 -0 .4 -3 .9 -2 .4 -0 .8 -0 .7 -0 .9 -1 .6 -1 .5 -3.1 11.9 -3 .2 0.4 0.0 2.9 -2.8 -0.3 D-80 Regional Data November 2010 Table J.1. Personal Income and Per Capita Personal Income by Metropolitan Area, 2007-2009—Continues Personal income Area See the footnotes at the end of the table. Percent change from preceding period 2 Millions of dollars 2007 Kalamazoo-Portage, M l.................................................... Kankakee-Bradley, IL......................................................... Kansas City, MO-KS.......................................................... Kennewick-Pasco-Richiand, W A ..................................... Killeen-Temple-Fort Hood, T X ......................................... Kingsport-Bristol-Bristol, TN-VA...................................... Kingston, N Y ............... Knoxville, T N ............... Kokomo, IN ......................................................................... LaCrosse, WI-MN............................................................. Lafayette, IN .... Lafayette, LA.... Lake Charles, LA Lake Havasu City-Kingman, A Z ...................................... Lakeland-Winter Haven, FL .............................................. Lancaster, P A .. Lansing-East Lansing, M l................................................. Laredo, TX ................................................................... Las Cruces, NM.................................................................. Las Vegas-Paradise, NV.................................................... Lawrence, K S .. Lawton, OK Lebanon, PA.... Lewiston, ID-WA Lewiston-Auburn, M E ........................................................ Lexington-Fayette, K Y ....................................................... Lima, O H ............................................... Lincoln, N E ............................................ Little Rock-North Little Rock-Conway, A R ...................... Logan, UT-ID ........................................ ................ Longview, TX... Longview, WA.. Los Angeles-Long Beach-Santa Ana, C A ...................... Louisville-Jefferson County, KY-IN................................... Lubbock, TX Lynchburg, VA Macon, GA Madera-Chowchilla, CA ..................................................... Madison, W l....................................................................... Manchester-Nashua, NH .................................................. Manhattan, KS Mankato-North Mankato, M N ........................................... Mansfield, OH..................................................................... McAllen-Edinburg-Mission, T X ......................................... Medford, OR.... Memphis, TN-MS-AR Merced, CA Miami-Fort Lauderdale-Pompano Beach, F L ................ Michigan City-La Porte, I N ............................................... Midland, TX ................................................................... Milwaukee-Waukesha-West Allis, W l.............................. Minneapolis-St. Paul-Bloomington, MN-W I.................... Missoula, M T ...................................................................... Mobile, AL Modesto, CA.... Monroe, LA Monroe, M l.......................................................................... Montgomery, A L ................................................................. Morgantown, W V ................................................................ Morristown, T N ................................................................... Mount Vernon-Anacortes, W A.......................................... Muncie, IN ........................................................................... Muskegon-Norton Shores, M l.......................................... Myrtle Beach-North Myrtle Beach-Conway, S C ............ Napa, CA............................................................................. Naples-Marco Island, F L .................................................. 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................................................... North Port-Bradenton-Sarasota, F L ................................ Norwich-New London, C T ................................................ Ocala, FL ................................................................... Ocean City, NJ. Odessa, TX Ogden-Clearfield, U T ........................................................ Oklahoma City, OK Olympia, WA.... Omaha-Council Bluffs, NE-IA........................................... Orlando-Kissimmee-Sanford, FL ..................................... Oshkosh-Neenah, W l........................................................ Owensboro, K Y .................................................................. 10,563 3,396 80,154 7,368 13,102 9,274 6,488 23,316 3,297 4,479 5,702 9,906 6,572 5,005 18,583 17,874 14,869 5,088 5,281 73,444 3,519 3,752 4,477 1,974 3,570 16,512 3,161 10,687 26,042 3,052 6,933 2,933 555,946 46,378 8,426 7,925 7,566 3,808 24,113 18,012 4,292 3,118 3,645 13,320 6,825 49,107 6,802 234,822 3,259 6,252 64,768 150,181 3,679 11,947 15,605 5,356 5,078 12,817 3,771 3,611 4,335 3,271 4,773 7,455 6,820 20,140 60,049 38,551 48,912 1,018,093 5,239 33,611 12,063 9,961 4,310 4,139 16,871 44,274 9,426 34,979 72,381 5,837 3,479 2008 10,919 3,545 82,653 7,837 14,071 9,657 6,694 24,017 3,257 4,645 5,991 10,438 6,908 5,124 18,901 18,303 15,386 5,387 5,611 75,013 3,608 3,959 4,640 2,047 3,727 16,897 3,182 11,027 26,369 3,236 7,371 3,016 568,435 47,484 8,812 8,267 7,879 3,914 24,828 18,358 4,697 3,298 3,717 14,224 6,911 50,094 6,810 236,645 3,399 6,970 66,396 154,282 3,776 12,506 15,977 5,571 5,105 13,209 3,980 3,744 4,497 3,372 4,899 7,604 6,969 19,739 61,893 39,673 48,775 1,041,636 5,398 33,413 12,341 10,216 4,438 4,542 17,416 46,951 9,820 36,098 73,612 6,020 3,691 Per capita personal incom e1 2009 p 10,770 3,550 81,915 8,201 14,698 9,642 6,619 23,801 3,070 4,677 5,943 10,249 6,632 5,035 18,640 18,071 15,271 5,410 5,832 71,275 3,637 4,161 4,652 2,031 3,766 16,807 3,190 11,024 26,563 3,210 7,209 3,060 551,271 47,208 8,899 8,221 7,886 3,913 24,480 17,916 4,966 3,232 3,651 14,615 6,895 48,929 6,699 229,380 3,320 6,542 65,031 149,594 3,770 12,544 15,886 5,634 4,971 13,181 4,141 3,700 4,438 3,393 4,819 7,482 6,809 18,331 60,548 39,114 47,419 998,777 5,320 31,968 12,296 10,046 4,481 4,326 17,339 46,525 9,938 36,029 71,458 5,917 3,736 2008 3.4 4.4 3.1 6.4 7.4 4.1 3.2 3.0 -1.2 3.7 5.1 5.4 5.1 2.4 1.7 2.4 3.5 5.9 6.3 2.1 2.5 5.5 3.6 3.7 4.4 2.3 0.7 3.2 1.3 6.0 6.3 2.8 2.2 2.4 4.6 4.3 4.1 2.8 3.0 1.9 9.4 5.7 2.0 6.8 1.3 2.0 0.1 0.8 4.3 11.5 2.5 2.7 2.6 4.7 2.4 4.0 0.5 3.1 5.6 3.7 3.7 3.1 2.6 2.0 2.2 -2.0 3.1 2.9 -0.3 2.3 3.0 -0 .6 2.3 2.6 3.0 9.7 3.2 6.0 4.2 3.2 1.7 3.1 6.1 2009p -1 .4 0.2 -0 .9 4.6 4.5 -0.2 -1.1 -0 .9 -5 .7 0.7 -0.8 -1.8 ^t.O -1 .7 -1 .4 -1 .3 -0 .7 0.4 3.9 -5 .0 0.8 5.1 0.3 -0 .8 1.1 -0 .5 0.3 0.0 0.7 -0 .8 -2 .2 1.5 -3 .0 -0.6 1.0 -0.5 0.1 0.0 -1 .4 -2 .4 5.7 -2.0 -1 .8 2.8 -0.2 -2 .3 -1 .6 -3.1 -2.3 -6.1 -2.1 -3 .0 -0.1 0.3 -0 .6 1.1 -2 .6 -0 .2 4.0 -1 .2 -1.3 0.6 -1.6 -1 .6 -2 .3 -7.1 -2 .2 -1 .4 -2 .8 -4.1 -1 .4 -4 .3 -0 .4 -1 .7 1.0 -4 .7 -0.4 -0 .9 1.2 -0.2 -2.9 -1 .7 1.2 Rank in United States Dollars 2007 32,746 30,393 39,841 32,180 35,255 30,548 35,738 34,180 33,035 34,192 29,795 38,570 34,312 25,557 32,404 35,794 32,643 22,041 26,642 39,945 31,028 32,764 34,926 32,939 33,461 36,250 30,131 36,749 39,074 25,259 34,169 29,170 43,801 37,491 31,306 32,563 32,895 26,225 43,455 44,726 36,244 33,985 28,922 18,979 34,409 38,050 27,98