Full text of Survey of Current Business : September 1993
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SEPTEMBER 1993
VOLUME 73 NUMBER
_J
^CURRENT BUSINESS
IN THIS ISSUE . . .
• Annual Revision of State Personal Income
• US. International Sales and Purchases of Services
RCE ^
ECONOMICS AND STATISTICS ADMINISTRATION
AU OF ECONOMIC ANALYSIS
SEPTEMBER 1993
VOLUME 73 NUMBER
SURVEY of CURRENT BUSINESS
U.S. Department of Commerce
Ronald H. Brown, Secretary
Economics and Statistics
Administration
1
Business S i t u a t i o n
3 Corporate Profits
5 Government Sector
7
National Income and Product Accounts
Bureau of Economic Analysts
Carol S. Carson, Director
J. Steven tandefeld, Deputy Director
OF CwRBEMt BUSINESS.
Selected NIPA Tables
NIPA Charts
28
29
40
47
Reconciliation and Other Special Tables
Annual NIPA Revision: Newly Available Tables
Quantity and Price Indexes, 1988-92
Summary NIPA Series, 1929-92
58
Constant-Dollar Inventories, Sales, and Inventory-Sales Ratios
for Manufacturing and Trade, 1990:1-1993:11
61
Fixed Reproducible Tangible Wealth in the United States:
Revised Estimates for 1990-92 and Summary Estimates for 1925-92
70
State Personal Income, Revised Estimates for 1990-92
86
Capital Expenditures by Majority-Owned Foreign Affiliates
of U.S. Companies, Latest Plans for 1993
94
U.S. International Transactions, Second Quarter 1993
Editor-in-Chief: Douglas R. Fox
Managing Editor: LelandL Scott
Publication Staff: W. Ronnie Foster,
M. Gretcheu Gibson, Ernestine T. Gladden,
Eric B. Manning, Donald J. Parschaik
7
26
Published
monthly by the Bureau of Economic Analysis of the
ILS, Department of Commerce. Editorial correspondence should be addressed to the Editor-in-Chief*
SURVEY OF CURRENT BUSINESS, Bureau of Economic
Analysis, US. Department of Commerce, Washington, 0c 20330.
Annual subscription: Second-class mail—$43.00
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The Secretary of Commerce has determined that
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120
U.S. International Sales and Purchases of Private Services
• U.S. Cross-Border Transactions, 1989-92
• Sales by Affiliates, 1990-91
C-pages: Business Cycle Indicators
(See page C-l for contents)
S-pages: Current Business Statistics
(Seepage S-35for contents and subject index)
Inside back cover: BEA Information
Nom—This issue of the SURVEY went to the printer on October 7* 1993.
It incorporates datafr&mthefolkming monthly BEA news releases!
Gross Domestic Product (Sept 29),
Personal Income and Outlays (Sept 30), and
Composite Indexes of Leading, Coincident, and Lagging
Indicators (Octi).
SURVEY OF CURRENT BUSINESS
September 1993
THE
Larry R. Moran
prepared the first
section of this
article, Daniel
Larkins prepared
the section on
corporate profits,
and Michael W.
Webb prepared the
section on the
government sector.
BUSINESS SITUATION
f HE "FINAL" estimate of growth in real gross
1 domestic product (GDP) for the second
quarter of 1993 is 1.9 percent, 0.1 percentage point
higher than the "preliminary" estimate reported
in last month's SURVEY OF CURRENT BUSINESS
(table 1).1 Small upward revisions in nonresidential fixed investment and personal consumption
expenditures (PCE) were partly offset by a small
downward revision in exports of goods and
services.
The upward revision in nonresidential fixed investment was in producers' durable equipment
(PDE) other than transportation equipment and
computers and in structures. The upward revision in PCE was primarily in "other services"
(largely in net foreign travel and brokerage commissions). The downward revision in exports
of goods and services was primarily in travel
services.
The final estimate of real gross domestic purchases shows a 3.1-percent increase, 0.3 percentage point higher than the preliminary estimate.
The revision in gross domestic purchases was
larger than the revision in GDP because revisions
1. Quarterly estimates in the national income and product accounts are
expressed at seasonally adjusted annual rates, and quarterly changes are differences between these rates. Quarter-to-quarter percent changes are annualized.
Real, or constant-dollar, estimates are expressed in 1987 dollars and are based
on 1987 weights.
Looking Ahead...
• Evaluation of the GDP Estimates. The results of a periodic evaluation of the GDP estimates is scheduled to appear in
the October or November SURVEY. The article will examine
the record of revisions in the quarterly estimates in order to
provide insights into their reliability and accuracy.
• Composite Indexes Revision. A revision of the composite indexes of leading, coincident, and lagging indicators from
1948 forward is scheduled to appear in the November SURVEY.
This revision—which incorporates changes in the methodology used to compute the indexes, updated statistical factors,
historical revisions in component data, and a shift to a 1987
base year—takes the place of the usual October annual revision of the indexes. An article previewing the revisions will
appear in the October SURVEY.
to exports and imports do not affect the estimates
of gross domestic purchases.
The final estimates of the fixed-weighted price
indexes for gross domestic purchases and for GDP
show increases of 2.9 percent and 2.8 percent,
respectively, little changed from the preliminary
estimates.
Gross national product (GNP).—Real GNP increased 1.9 percent in the second quarter (table 2).
GNP equals GDP plus receipts of factor income
Table 1.—Revisions in Real Gross Domestic Product
and Prices, Second Quarter 1993
[Seasonally adjusted at annual rates]
Billions of
1987 dollars
Percent change
from preceding
quarter
Final estimate minus
preliminary
Prelimi-
estimate
estimate
nary
Final estimate
1.8
1.9
-1.8
4.8
.3
13.1
3.6
13.3
Equals: Gross domestic purchases ...
3.3
2.8
3.1
Personal consumption expenditures ..
Durables
3.2
Nondurables
Services
1.9
0
.3
1.6
2.6
1.7
3.4
10.8
2.7
2.1
Fixed investment ,
Nonresidential ,
Residential
2.2
2.8
-.6
7.8
14.4
-8.4
9.0
16.6
-9.5
Change in business inventories
Nonfarm
Farm
-.4
4.3
3.1
5.0
4.3
2.0
5.6
2.8
2.8
3.0
2.9
Gross domestic product (GDP)
Less: Exports of goods and services ....
1.1
Plus: Imports of goods and services
Government purchases .
-.9
-.5
0
Federal
State and local
10.8
-.9
GDP price index (fixed weights) !
Gross domestic purchases price index (fixed
weights)
1
1. Based on 1987 weights.
NOTE.—Final estimates for the second quarter of 1993 incorporate the following revised or
additional major source data that were not available when the preliminary estimates were
prepared a month ago.
Personal consumption expenditures: Revised retail sales for June.
Nonresidential fixed investment
Revised construction put in place for May and June,
revised manufacturers' shipments of equipment for June, and revised shipments of complete
civilian aircraft for June.
Residential investment Revised construction put in place for May and June.
Change in business inventories: Revised manufacturing and trade inventories for June.
Net exports of goods and services: Revised merchandise exports and imports for June and
revised exports and imports of services for the quarter.
Government purchases
of goods and services: Revised State and local
government
construction put in place for May and June.
Net interest Financial assets held by households for the quarter and net interest from the
rest of the world for the quarter.
Corporate profits: Revised domestic book profits and profits from the rest of the worid for
the quarter.
GDP prices: Revised housing prices and newly available export and import prices for the
quarter.
2 • September 1993
SURVEY OF CURRENT BUSINESS
Impact of the 1993 Floods and Drought
The national income and product accounts (NIPA'S) reflect the
effects of disasters such as this year's floods in the Midwest and
drought in the Southeast. For the most part, these effects are embedded in the source data for the NIPA'S; where they are not, BEA
prepares adjustments to account for the effects. The adjustments
for this year's natural disasters affect the estimates of gross domestic
product (GDP), personal income, and other NIPA aggregates beginning with the third quarter (or July). For several reasons, BEA does
not attempt to quantify the total impact of disasters such as the
floods or the drought on these aggregates. The following paragraphs describe the adjustments that BEA has prepared thus far.
GDP.—The third- and fourth-quarter estimates of GDP will reflect
the adjustments to farm output for the effects of the floods and the
drought. In constant (1987) dollars, these adjustments will reduce
farm output by %-jVi billion (annual rate) in the third quarter and
by %ilh billion (annual rate) in the fourth.
The adjustments to farm output are based on the U.S. Department of Agriculture (USDA) forecasts of the physical quantity of farm
output in 1993. To make the adjustments, BEA has assumed that the
floods and drought are responsible for the difference between the
June 1993 USDA forecast, which reflects conditions before the floods
and drought, and the August 1993 forecast, which reflects conditions
afterward.2 This difference indicates losses amounting to about $2Vi
billion (in constant dollars) for the calendar year.
To spread this annual loss over the quarterly estimates, BEA has
modified its normal procedure for calculating quarterly farm output.
Normally, the current quarterly estimates are derived by interpolating between previous USDA annual estimates and the most recent
USDA forecast for the current year. Using this procedure with the
August forecast would have spread the losses over all quarters of the
year, thus yielding a quarterly pattern of farm output that would
not have properly recorded the timing of the effects of the floods
and drought.
To obtain the proper timing, BEA is making adjustments to the
quarterly estimates of farm output based on the June forecast and
the normal interpolation procedure, which would have allocated
production equally among the four quarters. For the first and second quarters, no adjustments are made, because the losses were
not "recognized" until the third quarter and because farmers incurred expenses for those crops that were subsequently destroyed.
For the third quarter, an adjustment reduces farm output based
on the June forecast by the sum of the value of farm output related to the destroyed crops recorded in the first two quarters
and the value of farm output that would have been recorded in
the third quarter had there been no disasters. For the fourth
quarter, an adjustment reduces farm output based on the June
1. It is very difficult to determine the total impact of natural disasters on the NIPA
aggregates. First, most of the effects are embedded in the source data. For example, if a
disaster temporarily curtailed home construction, then the housing start data from the
Census Bureau would be lower than it otherwise would have been; however, this effect
cannot be easily separated from those of other factors that may also have influenced
starts. Second, reductions in production and incomes in areas hit by the floods and
drought may be at least partly offset by increases in production and incomes elsewhere
in the United States. Third, production and incomes in the flooded areas may be
boosted by rebuilding efforts.
2, The June forecast was based on a survey of intended acreage plantings, which
was conducted in March, and on USDA projections of prospective yields. The August
forecast was based on surveys of actual acreage planted and of prospective yields, which
were conducted in late July and early August.
forecast by the value of farm output that would have been recorded
had there been no disasters. Thus, the adjustments allocate threefourths of the annual loss to the third quarter and one-fourth to the
fourth quarter. (These types of adjustments, which have been used
in the past for other disasters, result in a treatment that is consistent
with the approach used to treat losses of nonfarm inventories.)
The adjustments to farm output primarily affect GDP and the other
NIPA aggregates through the change in farm inventories. The extent to which the losses affect the estimates of the change in farm
inventories (as opposed to the estimates of the other components
of GDP in which the losses would be embedded) depends on the
extent to which they affect sales; estimates of both current- and
constant-dollar change in farm inventories are calculated by BEA as
the difference between output and sales by farmers, BEA prepares
estimates of quarterly sales on the basis of USDA receipts from farm
marketings, and it does not appear that the crop losses will affect
sales until the fourth quarter. Consequently, the change in farm inventories will be reduced by the full $jl/i billion (annual rate) in the
third quarter. In the fourth quarter, whereas GDP will be reduced
by $2x/2 billion (annual rate), the change in farm inventories will
be reduced by a smaller amount that will depend on fourth-quarter
sales.
Personal income.—The third-quarter estimates of personal income
will reflect adjustments for crop losses due to the floods and drought
and for the destruction by the floods of residential buildings and of
structures and equipment owned by unincorporated businesses. The
largest adjustment, about $10 billion (annual rate), will reduce farm
proprietors' income to account for the crop losses. This adjustment
is based on the reduction in farm output valued at current prices.
A second adjustment, about $il/i billion (annual rate), will reduce
farm and nonfarm proprietors' income to account for unincorporated business property that was not insured. A third adjustment,
about $2 billion (annual rate), will reduce rental income of persons
to account for residential buildings that were not insured.
These adjustments have been incorporated into the personal income estimates for July and August.3 As a result, farm proprietors'
income was reduced by $26 billion (annual rate) in July and by $3
billion (annual rate) in August. For July, rental income of persons
was reduced by $7 billion, and nonfarm proprietors' income by $2
billion (annual rate). The monthly adjustments that account for the
crop losses were based on the quarterly adjustments described previously and on the assumption that these losses were "recognized"
in July.
Other NIPA aggregates.—The third-quarter estimates of national income, gross national income, and net national product will also
reflect adjustments for the floods and drought. National income will
be reduced by the adjustments to proprietors' income and rental income of persons described previously. In addition, corporate profits
may be adjusted downward to account for uninsured property losses.
For gross national income, the reductions in business incomes will
be offset by an upward adjustment in consumption of fixed capital;
this adjustment reflects the writing off of the depreciated (or net)
value of plant and equipment destroyed by the flood. Net national
product will be reduced by the adjustment to the consumption of
fixed capital.
3. The monthly estimates of personal income are found on page S-i of the "Current
Business Statistics" section of the SURVEY OF CURRENT BUSINESS.
SURVEY OF CURRENT BUSINESS
from the rest of the world less payments of factor
income to the rest of the world. In the second
quarter, receipts increased $6.7 billion, and payments increased $7.2 billion. For both receipts
and payments, the increases were accounted for
by profits and interest income.
Real GNP on a command-basis increased at the
same rate as real GNP—1.9 percent—reflecting
little change in the terms of trade.2 In the
first quarter, command-basis GNP had increased
more than GNP—1.9 percent, compared with 1.0
percent—reflecting an improvement in the terms
of trade.
Corporate Profits
According to the "final" estimates, profits from
current production—profits before tax plus inventory valuation adjustment (IVA) and capital consumption adjustment (ccAdj)—increased
$26.0 billion in the second quarter after decreasing $7.4 billion in the first (table 3). Profits from
the domestic operations of nonfinancial corporations increased $22.9 billion after decreasing $22.0
2. In the estimation of real GNP, the current-dollar value of exports of
goods and services is deflated by export prices, the current-dollar value of
imports of goods and services is deflated by import prices, and the currentdollar values of receipts and of most payments of factor income are deflated
by the implicit price deflator for net domestic product. In the estimation of
command-basis GNP—a measure of U.S. production in terms of its purchasing
power—the current-dollar values of exports of goods and services and of
receipts of factor income are deflated by the implicit price deflator for imports
of goods and services and payments of factor income.
September 1993 •
billion; about three-fourths of the increase reflected an increase in unit profits, as unit prices
increased and unit labor and nonlabor costs decreased. Profits from the domestic operations of
financial corporations increased $4.0 billion after
increasing $10.3 billion. Profits from the rest of
the world decreased $0.9 billion after increasing
$4.3 billion.
Cash flow from current production, a profitsrelated measure of internally generated funds
available to corporations for investment, increased $15.6 billion after decreasing $12.3 billion. As a percentage of nonresidential fixed
investment, cash flow remained high, at 84.2
percent.
Profits by industry.—Industry profits are measured as profits before tax (PBT) with IVA because
estimates of the ccAdj by industry do not exist. For the aggregates of domestic financial
and nonfinancial, PBT plus IVA presents much
the same picture of the second quarter as does
profits from current production. For domestic
operations, profits increased $27.3 billion after
decreasing $12.1 billion. The upswing reflected
Table 3.—Corporate Profits
[Seasonally adjusted at annual rates]
Level
Change from
preceding
quarter
1993:1!
1993:1
Table 2.—Relation of Gross Domestic Product, Gross
National Product, and Command-Basis Gross National
Product in Constant Dollars
[Seasonally adjusted at annual rates]
Billions of 1987 dollars
Level
Change from
preceding quarter
1993:11 1993:1 1993:11
Gross domestic product
Plus: Receipts of factor income from
the rest of the world
Less: Payments of factor income to
the rest of the world
Equals: Gross national product
Less: Exports of goods and services
and receipts of factor income from
the rest of the world
Plus: Command-basis exports of
goods and services and receipts of
factor income
Equals: Command-basis gross
national product
Addendum;
Terms of trade l
Percent
change from
preceding
quarter
1993:1 1993:11
5,102.1
9.9
23.9
0.8
1.9
105.0
-.6
6.7
-2.4
30.2
103.0
-3.0
7.2
11.6
33.6
5,104.1
12.3
23.4
1.0
1.9
698.1
712.5
5,118.4
102.1
-4.0
8.0
24.5
1.7
11.7
-2.3
7.0
12.1
4.7
7.1
23.6
1.9
1.9
.1
7.0
.4
1. Ratio of the implicit price deflator for exports of goods and services and receipts of factor
income to the corresponding implicit price deflator for imports with the decimal point shifted two
places to the right.
NOTE.—Levels of these series are found in tables 1.10 and 1.11 of the "Selected NIPA
Tables."
1993:11
Billions of dollars
Profits from current production
Domestic
Financial
Nonfinancial
Rest of the world
458.1
400.0
85.0
315.0
58.1
-7.4
-11.8
10.3
-22.0
4.3
26.0
27.0
4.0
22.9
-.9
Inventory valuation adjustment
Capital consumption adjustment
Profits before tax
Profits tax liability
Profits after tax
-12.2
24.7
445.6
173.3
272.3
-17.6
.4
.5
-.4
25.8
12.4
13.4
433.4
375.3
96.4
-7.8
-12.1
10.3
-22.4
Profits by industry:
Profits before tax with IVA
Domestic
Financial
Nonfinancial
Manufacturing
Trade
Transportation and public utilities
Other
Rest of the world
Receipts (inflows)
Payments (outflows)
278.9
132.5
55.4
53.9
37.2
58.1
71.4
13.3
9.9
5.9
4.0
-9.1
-11.7
2.9
-4.5
4.3
6.2
1.9
26.4
27.3
4.1
23.2
13.6
9.4
.6
-.3
-.9
4.7
5.6
Dollars
Unit prices, costs, and profits of domestic
nonfinancial corporations:
Unit price
Unit labor cost
Unit nonlabor cost
Unit profits from current production
1.164
.770
.287
.108
0.008
.012
.003
-.007
0.002
-.003
-.001
.006
NOTE.—LEVELS OF THESE AND OTHER PROFITS SERIES ARE FOUND IN TABLES 1.14, i.ie, 6.16C,
AND 7.15 OF THE "SELECTED NIPA TABLES."
3
SURVEY OF CURRENT BUSINESS
4 • September
largest increases were in petroleum and wholesale
trade.
an upturn in profits of nonfinancial corporations
that was accounted for by manufacturing and
trade. In manufacturing, profits turned up in all
durable-goods-producing industries except electronic and other electric equipment; the sharpest
upturn was in motor vehicles. In nondurablegoods-producing industries, profits in petroleum
refining increased more in the second quarter
than in the first, but profits of food and chemical
manufacturers turned down. In trade, most of
the upturn was in profits in the wholesale part of
the industry.
As already noted, profits from the rest of the
world decreased $0.9 billion. This component
of profits measures receipts of profits from foreign affiliates of U.S. corporations less payments
of profits by U.S. affiliates of foreign corporations. Both receipts and payments increased in
the second quarter, but the increase in payments
was larger. Receipts increased $4.7 billion; about
two-thirds of the increase was accounted for by
petroleum companies. Payments increased $5.6
billion; the increase was attributable to increases
in most nonmanufacturing industries, and the
Revisions in profits and related measures.—The
"final" second-quarter estimates of profits show
substantial revisions from the "preliminary"
estimates published in last month's SURVEY
(table 4).
Much of the revision in profits from the domestic operations of nonfinancial corporations
was accounted for by manufacturing, wholesale
trade, and mining. For those industries, the preliminary estimates had been based on tabulations
of a subsample of firms reporting to the Census
Bureau for its Quarterly Financial Report* the final estimates are based on tabulations of the full
sample.
Most of the revision in profits from the domestic operations of financial corporations was
accounted for by casualty insurance. For this industry, the preliminary estimate was based on a
judgmental trend; the final estimate is based on
data from a trade association.
Most of the revision in profits from the rest
of the world was accounted for by receipts from
foreign affiliates of U.S. corporations. The preliminary estimate had been based on incomplete
tabulations of receipts of dividends and reinvested earnings on U.S. investment abroad from
BEA'S direct investment surveys; the final estimate
is based on more complete tabulations.
Table 4.—Revisions to Corporate Profits and Related
Series, Second Quarter 1993
[Billions of dollars, seasonally adjusted at annual rates]
Final estimate
minus
preliminary estimate
Profits from current production
Domestic
Financial
Nonfinancial
Rest of the world
Inventory valuation adjustment
Capital consumption adjustment
Profits before tax
Profits tax liability
Profits after tax
Change from preceding quarter
Preliminary
Final estimate
14.8
12.3
2.6
9.7
2.6
11.2
14.7
1.4
13.2
-3.5
26.0
27.0
4.0
22.9
-.9
.8
.1
14.0
5.9
8.0
-3
-.5
11.8
6.5
5.4
.5
-.4
25.8
12.4
13.4
Estimates of profits and related series for 199092 were revised as part of the annual revision
of the national income and product accounts
(NIPA'S) that incorporates new and revised source
data and methodologies. Most of the revised
NIPA estimates were presented in last month's
Table 5.—Rate of Return, Income Share, and Average Product of Capital, Domestic Nonfinancial Corporations,
1988-92
[Percent]
Year
Rate of return
Share of domestic income
Property income
Property income
Profits from current production
Net interest
(8)
Total
(1)
1988
1989
1990
1991
1992
.
....
Total
Profits
tax liability
Profits
after tax
(2)
(3)
(4)
9.7
9.3
9.0
8.1
8.8
NOTE.—Columns 1-5 are percentages of the stock of net reproducible assets (structures, equipment, and inventories) valued at current replacement cost. Columns 6-8 are percentages of domestic income. Column 9 is calculated as the ratio of column 1 to column 6. Estimates for 1990-
6.7
5.9
5.7
5.0
5.9
2.5
2.3
2.1
1.8
2.1
4.2
3.6
3.6
3.3
3.8
Net interest
Total
Profits
from
current
production
(5)
(6)
(7)
3.0
3.4
3.3
3.0
2.9
17.9
17.3
16.7
15.4
16.1
12.4
11.0
10.6
9.6
10.9
Average
product
of capital
(9)
5.5
6.3
6.1
5.8
5.3
,542
.538
.539
.526
.547
92 are revised; estimates for earlier years, along with a discussion of the measures, appeared
in the April 1993 Survey of Current Business.
SURVEY OF CURRENT BUSINESS
rest appear in this issue.3 The revised
estimates underlie table 5, which presents selected
rates of return and property income as a percentage of domestic income of domestic nonfinancial
corporations. (Property income is composed of
profits and net interest.) Most of the revisions
were small. In general, the estimates for 1990
were revised down slightly, the estimates for 1991
were unchanged, and the estimates for 1992 were
revised up slightly.
SURVEY; the
Government Sector
The fiscal position of the government sector improved in the second quarter of 1993, as the
combined deficit of the Federal Government and
of State and local governments decreased $41.3
billion, to $221.5 billion (table 6). The Federal
Government deficit decreased $40.9 billion, and
the State and local government surplus increased
$0.3 billion.
Receipts.—Receipts increased $49.6 billion in the
second quarter after decreasing $2.7 billion in the
first. All categories of receipts contributed to the
increase.
Personal tax and nontax receipts increased
$18.6 billion after decreasing $9.7 billion. The increase was attributable mainly to a large increase
in withheld personal income taxes. In the past
three quarters, changes in withheld income taxes
reflected the pattern of wages and salaries, which
increased sharply in the fourth quarter, decreased
in the first quarter, and increased in the second
quarter. These changes in wages and salaries were
largely due to the payment in the fourth quarter
of 1992 of yearend bonuses that typically would
have been paid in the first quarter of 1993.
Contributions for social insurance increased
$16.4 billion after increasing $3.6 billion. The
sharp second-quarter increase reflected the
upturn in wages and salaries.
Corporate profits tax accruals increased $10.0
billion after an increase of $5.3 billion. The
second-quarter increase was attributable to a
large increase in corporate profits, primarily
5
Indirect business tax and nontax accruals increased $4.7 billion after decreasing $2.0 billion.
In the second quarter, business nontax payments, net customs duties, and net excise taxes
all increased.
Expenditures.—Expenditures increased $8.7 billion in the second quarter after decreasing $3.4
billion in the first. In the second quarter, inTable 6.—Government Sector Receipts and Expenditures
[Billions of dollars, seasonally adjusted at annual rates
Change from preceding quarter
Level
1992
1993
1993: I
Government sector
Expenditures
Surplus or deficit (-)
1966.3
2187.9
-221.5
17.9
25.8
-8.0
-3.2
14.1
-17.3
71.6
32.8
38.9
-3.5
8.7
-12.2
63.8
22.6
41.3
1268.0
10.2
-7.0
52.0
-2.7
49.6
520.7
142.4
86.2
518.7
2.3
4.7
-.2
3.4
7.5
-18.8
.9
3.3
22.3
20.1
2.4
7.3
-9.7
5.3
-2.0
3.6
18.6
10.0
4.7
16.4
1490.6
19.9
3.8
25.5
-3.4
8.7
447.5
307.6
140.0
645.6
632.7
12.9
182.8
182.5
32.3
35.9
13.8
3.6
0
8.2
6.3
1.9
3.6
5.8
-2.2
1.9
-3.0
-.4
-1.0
.6
-9.7
-1.9
1.1
9.8
7.4
2.4
8.4
1.1
1.5
1.0
.7
-.4
0
4.8
2.8
2.1
3.6
3.8
-.2
6.7
4.2
-10.6
-7.8
-222.6
Federal Government
Receipts.
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Expenditures.
Purchases
National defense
Nondefense
Transfer payments (net)
To persons
To rest of the world
Grants-in-aid to State and local governments
Net interest paid
Subsidies less current surplus of government enterprises
Subsidies
Of whiclr. Agricultural subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements
Surplus or deficit (-)
17.3
-8.0
-.5
0
5.5
11.8
3.0
-6.1
11.8
10.6
10.6
-1.2
0
-9.7
-10.8
881.0
16.0
160.3
30.8
440.0
67.2
182.8
1.4
1.3
4.1
880.0
711.1
104.5
251.0
-45.3
10.7
-26.2
.5
26.6
0
-7.1
-7.6
-10.9
1.2
.3
11.8
-11.5
-.6
-3.0
9.7
7.6
7.5
-2.1
0
-7.9
2.8
0
26.5
.7
40.9
5.8
22.6
-1.4
20.8
.7
-4.1
6.6
.6
1.9
5.5
4.8
8.5
.7
3.0
-3.8
.6
1.9
.6
-.6
5.3
2.3
5.9
.7
6.7
14.3
12.3
10.2
11.4
20.6
8.2
-.6
6.8
.3
.4
-.6
0
.5
0
5.0
.8
7.7
.1
.1
-.5
0
.6
0
5.2
5.3
5.6
.2
.2
-.4
0
.3
0
5.6
-1.9
5.7
.2
0
-.3
0
.3
0
14.1
7.4
1.1
1.7
-6.6
12.3
-12.7
.3
55.6
-54.5
-.4
2.0
-.8
-5.7
-.7
13.1
2.5
-15.3
-3.4
3.7
State and local governments
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Federal grants-in-aid
Expenditures
Purchases
Of which: Structures
Transfer payments to persons
Net interest paid
Less: Dividends received by government
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements
Surplus or deficit (-)
Social insurance funds
Other
3. See "National Income and Product Accounts Tables" (tables 1.15 and
1.16) and "Fixed Reproducible Tangible Wealth, 1989-92" is this issue.
•
in the domestic profits of nonfinancial corporations. The first-quarter increase largely
reflected retroactive provisions of the Revenue
Reconciliation Act of 1993.
Federal
The Federal Government deficit decreased to
$222.6 billion, as receipts increased more than expenditures. The second-quarter decrease in the
Federal deficit was the largest decrease since the
first quarter of 1991.
September 1993
NOTE.-Dollar levels are found in tables 3.2 and 3.3 of the "Selected NIPA Tables."
6.9
.2
.2
-.4
.1
.4
0
SURVEY OF CURRENT BUSINESS
6 • September 1993
creases in most categories of expenditures were
partly offset by a sharp decrease in subsidies.
Grants-in-aid to State and local governments
increased $6.7 billion after decreasing $0.6 billion.
This increase was mainly attributable to programs
for social services and for education.
Purchases increased $4.8 billion after decreasing $9.7 billion. Defense purchases increased $2.8
billion after a $10.9 billion decrease, the largest
in current-dollar defense purchases since 1965.
Nondefense purchases increased $2.1 billion after
increasing $1.2 billion.
Net interest paid increased $4.2 billion after decreasing $3.0 billion. The increase, the first in
four quarters, was more than accounted for by a
$4.9 billion increase in interest paid on the public
debt.
Transfer payments increased $3.6 billion after increasing $0.3 billion. The second-quarter
increase was more than accounted for by transfer payments to persons, which increased $3.8
billion; in the first quarter, transfer payments
to persons jumped $11.8 billion, reflecting a
cost-of-living adjustment that became effective
January 1, 1993. Transfer payments to the rest
of the world decreased $0.2 billion after decreasing $11.5 billion. The second quarter decrease
reflected decreases in humanitarian assistance to
Somalia; the first-quarter decrease followed unusually high disbursements to Israel in the fourth
quarter.
Subsidies less the current surplus of government enterprises decreased $10.6 billion after
increasing $9.7 billion. The decrease was largely
attributable to agricultural subsidies, which decreased $7.9 billion after a $7.5 billion increase
that reflected unusually large deficiency payments
to farmers in March. (Deficiency payments make
up the difference between support prices and
market prices for farm commodities.)
State and local
The State and local government surplus edged up
to $1.1 billion, as receipts increased slightly more
than expenditures.
Receipts increased $20.8 billion in the second
quarter after decreasing $1.4 billion in the first.
Federal grants-in-aid increased $6.j billion after
decreasing $0.6 billion; the increase was mainly
attributable to programs for social services and
education. Personal tax and nontax payments
increased $5.3 billion after decreasing $3.8 billion. Indirect business tax and nontax accruals
increased $5.9 billion after increasing $1.9 billion.
Reflecting the pattern of corporate profits, corporate profits tax accruals increased $2.3 billion
after increasing $0.6 billion.
Expenditures increased $20.6 billion in the second quarter after increasing $11.4 billion in the
first. In both quarters, most of the increase was
accounted for by purchases, which increased $14.1
billion after increasing $5.6 billion. Within purchases, structures accounted for $7.4 billion of
the second-quarter increase. Transfer payments
to persons increased $6.9 billion after increasing
$5.7 billion. 0
SURVEY OF CURRENT BUSINESS
September 1993
NATIONAL
INCOME
7
AND P R O D U C T
ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Second quarter 1993, final.
The selected set of national income and product accounts (NIPA) tables shown in this section presents
quarterly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) These
tables are available on the day of the gross domestic product (GDP) news release on printouts and diskettes on a
subscription basis or from the Commerce Department's Economic Bulletin Board. For order information, write
to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230 or
call (202) 606-5304.
Tables containing the estimates for 1929-88 are available in the two-volume set National Income and Product
Accounts of the United States; see inside back cover for order information. Estimates for 1989 are in the July
1992 SURVEY OF CURRENT BUSINESS (most tables) and the September 1992 SURVEY (tables 3.15-3.20 and 9.19.6). (Fixed-weigh ted price indexes for 1988 and 1989 were subsequently revised and published in the April
1993 SURVEY.) Estimates for 1990, 1991, and 1992 are in the August 1993 SURVEY (most tables) and in this issue
beginning on page 29 (tables 1.15, 1.16, 3.15-3.20, 7.15, and 9.1-9.6). This month's SURVEY also contains revised
alternative quantity and price indexes and the associated percent changes for 1988-92 beginning on page 40
(tables 7.1, 7.2, and 8.1) and summary NIPA series back to 1929 beginning on page 47. NIPA tables are also
available, most beginning with 1929, on diskettes or magnetic tape. For more information on the presentation
of the estimates, see "A Look at How BEA Presents the NlPA's" in the February 1993 SURVEY.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.
Table 1.1.—Gross Domestic Product
Table 1.2.—Gross Domestic Product in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
Gross domestic
product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services
Exports
Imports
Government purchases
Federal
— National defense
Nondefense
State and local
1992
1992
5,722.9 6,038.5 5,908.7 5,991.4 6,059.5 6,194.4 6,261.6 6,327.6
Gross domestic
product
1992
1992
1993
4,861.4 4,986.3 4,922.0 4,956.5 4,998.2 5,068.3 5,078.2 5,102.1
3,906.4 4,139.9 4,046.5 4,099.9 4,157.1 4,256.2 4,296.2 4,359.9
Personal consumption
expenditures
3,258.6 3,341.8 3,302.3 3,316.8 3,350.9 3,397.2 3,403.8 3,432.7
457.8 497.3 484.0 487.8 500.9 516.6 515.3 531.6
1,257.9 1,300.9 1,278.2 1,288.2 1,305.7 1,331.7 1,335.3 1,344.8
2,190.7 2,341.6 2,284.4 2,323.8 2,350.5 2,407.9 2,445.5 2,483.4
Durable goods
Nondurable goods
Services
426.6 456.6 446.6 447.5 459.0 473.4 471.9 484.2
1,048.2 1,062.9 1,052.0 1,055.0 1,062.9 1,081.8 1,076.0 1,083.1
1,783.8 1,822.3 1,803.7 1,814.3 1,829.0 1,842.0 1,855.9 1,865.4
736.9
796.5
750.8
799.7
802.2
833.3
874.1
874.1
745.5
555.9
182.6
789.1
565.5
172.6
755.9
547.0
173.9
786.8
566.3
174.5
792.5
569.2
170.8
821.3
579.5
171.1
839.5
594.7
172.4
861.0
619.1
177.6
373.3
189.6
392.9
223.6
373.1
208.9
391.7
220.6
398.4
223.3
408.3
241.8
422.2
244.9
441.6
241.9
-8.6
-8.6
.0
7.3
2.3
5.0
-5.1
-10.8
5.6
12.9
6.2
6.7
9.7
4.4
5.3
12.0
9.5
2.4
34.6
33.0
1.5
13.1
16.8
-3.7
-19.6
-29.6
-7.0
-33.9
-38.8
-38.8
-48.3
-65.1
601.5
621.1
640.5
670.1
633.7
640.7
632.4
666.3
641.1
679.9
654.7
693.5
651.3
699.6
660.0
725.0
1,099.3 1,131.8 1,118.5 1,125.8 1,139.1 1,143.8 1,139.7 1,158.6
445.9
322.5
123.4
653.4
448.8
313.8
135.0
683.0
445.5
312.3
133.1
673.0
444.6
310.4
134.2
681.2
452.8
316.7
136.1
686.2
452.4
315.7
136.7
691.4
442.7
304.8
137.9
697.0
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1,
1991
1993
447.5
307.6
140.0
711.1
Gross private domestic
investment
675.7
732.9
691.7
737.0
739.6
763.0
803.0
803.6
684.1
514.5
160.2
726.4
529.2
150.6
696.7
510.5
152.8
724.4
528.8
152.9
730.0
533.8
148.8
754.3
543.7
148.0
773.7
562.3
148.2
790.6
584.3
151.1
354.3
169.5
378.6
197.1
357.7
186.2
375.9
195.6
385.1
196.2
395.7
210.6
414.1
211.4
433.2
206.2
-8.4
-8.6
.2
6.5
2.7
3.8
-5.0
-9.6
4.6
12.6
7.0
5.6
9.6
5.8
3.8
8.7
7.5
1.2
29.3
29.3
.0
13.0
17.1
-4.1
-19.1
-33.6
-15.2
-38.0
-42.5
-38.8
-59.9
-75.2
543.4
562.5
578.0
611.6
571.0
586.2
570.2
608.2
579.3
621.8
591.6
630.3
588.0
647.9
593.2
668.4
Government purchases
946.3
945.2
943.1
940.7
950.2
946.9
931.3
941.1
Federal
National defense
Nondefense
State and local
386.5
281.3
105.3
559.7
373.0
261.2
111.8
572.2
372.1
261.2
110.9
571.0
369.2
257.9
111.3
571.5
377.0
264.4
112.5
573.2
373.7
261.3
112.4
573.2
357.6
246.0
111.5
573.7
359.4
246.4
113.0
581.6
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services
Exports ...
Imports ...
NOTE.—Percent changes from preceding period for selected items in this tabie are shown in table 8.1
8 • September 1993
SURVEY OF CURRENT BUSINESS
Table 1.4.—Gross Domestic Product by Major Type of Product
in Constant Dollars
Table 1.3.—Gross Domestic Product by Major Type of Product
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods1
1992
1991
1993
1992
5,722.9 6,038.5 5,908.7 5,991.4 6,059.5 6,194.4 6,261.6 6,327.6
5,731.6 6,031.2 5,913.9 5,978.6 6,049.9 6,182.5 6,227.1 6,314.5
-8.6
7.3
-5.1
12.9
9.7
12.0
34.6
13.1
2,218.4 2,312.8 2,264.1 2,291.2 2,318.3 2,377.6 2,397.4 2,408.1
Final sales
Change in business
inventories
2,227.0 2,305.5 2,269.3 2,278.4 2,308.6 2,365.6 2,362.9 2,395.0
Durable goods
Final sales
Change in business
inventories
Nondurable goods
Final sales
Change in business
inventories
Services1 .
-8.6
7.3
-5.1
12.9
921.4
934.3
977.9
975.8
940.4
953.4
979.9
963.2
-12.9
2.0
-13.0
16.7
9.7
12.0
34.6
13.1
984.1 1,007.1 1,018.6 1,040.5
978.4 1,008.3 1,003.5 1,037.8
5.7
-1.2
2.7
15.0
1,297.0 1,334.9 1,323.8 1,311.3 1,334.2 1,370.5 1,378.9 1,367.5
1,292.7 1,329.6 1,315.9 1,315.1 1,330.2 1,357.3 1,359.3 1,357.1
4.3
5.3
7.9
-3.8
4.0
13.2
10.4
19.5
3,032.7 3,221.1 3,152.7 3,196.2 3,239.3 3,296.1 3,341.8 3,388.1
471.9
Structures .
504.6
491.9
504.0
501.9
520.8
522.4
531.5
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
[Billions of dollars]
Less: Change in business
inventories
Equals: Final sales to
domestic purchasers2
4,861.4 4,986.3 4,922.0 4,956.5 4,998.2 5,068.3 5,078.2 5,102.1
4,869.8 4,979.8 4,926.9 4,943.8 4,988.6 5,059.6 5,048.9 5,089.1
-8.4
6.5
-5.0
12.6
9.6
8.7
29.3
13.0
1,946.5 2,005.7 1,967.6 1,986.6 2,011.0 2,057.7 2,060.2 2,069.1
Goods'
1,954.9 1,999.2 1,972.6 1,973.9 2,001.4 2,049.0 2,030.9 2,056.1
Final sales
Change in business
inventories
Durable goods
Final sales
Change in business
inventories
6.5
-5.0
12.6
9.6
8.7
29.3
13.0
878.9
914.0
911.7
879.7
891.3
913.2
897.6
921.5
915.2
941.8
942.6
951.2
938.2
968.9
964.9
-12.0
2.4
-11.6
15.6
6.3
13.0
3.9
1,079.6 1,091.7 1,087.9 1,073.4 1,089.5 1,116.0 1,109.0 1,100.2
1,076.0 1,087.6 1,081.3 1,076.3 1,086.2 1,106.4 1,092.7 1,091.1
Nondurable goods
Final sales
Change in business
inventories
Services1 .
-8.4
3.6
4.1
6.6
-2.9
3.3
9.6
9.1
16.3
2,495.9 2,534.7 2,515.1 2,522.3 2,544.8 2,556.5 2,565.3 2,577.5
Structures .
419.0
445.8
439.3
447.7
442.3
454.2
452.7
455.5
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Table 1.6.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant
Dollars
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Equals: Gross domestic
purchases *
1993
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Less: Exports of goods and
services
Plus: Imports of goods and
services
Final sales of domestic
product
Change in business
inventories
1992
Government, are included in services.
Government, are included in services.
Gross domestic product ...
Gross domestic
product
1992
[Billions of 1987 dollars]
5,722.9 6,038.5 5,908.7 5,991.4 6,059.5 6,194.4 6,261.6 6,327.6
601.5
640.5
633.7
632.4
641.1
654.7
651.3
660.0
621.1
670.1
640.7
666.3
679.9
693.5
699.6
725.0
5,742.5 6,068.2 5,915.8 6,025.3 6,098.3 6,233.2 6,309.9 6,392.7
Gross domestic product ...
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross domestic
purchases'
13.1
Less: Change in business
inventories
5,751.2 6,060.8 5,920.9 6,012.5 6,088.6 6,221.2 6,275.4 6,379.5
Equals: Final sales to
domestic purchasers 2
-8.6
7.3
-5.1
12.9
9.7
12.0
34.6
4,861.4 4,986.3 4,922.0 4,956.5 4,998.2 5,068.3 5,078.2 5,102.1
543.4
578.0
571.0
570.2
579.3
591.6
588.0
593.2
562.5
611.6
586.2
608.2
621.8
630.3
647.9
668.4
4,880.5 5,019.9 4,937.1 4,994.5 5,040.7 5,107.1 5,138.1 5,177.4
-8.4
6.5
-5.0
12.6
9.6
8.7
29.3
13.0
4,888.9 5,013.4 4,942.1 4,981.9 5,031.1 5,098.4 5,108.8 5,164.3
1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.7.—Gross Domestic Product by Sector
Table 1.8.—Gross Domestic Product by Sector in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Gross domestic
product
Business
5,722.9 6,038.5 5,908.7 5,991.4 6,059.5 6,194.4 6,261.6 6,327.6
4,848.5 5,114.4 5,001.9 5,071.2 5,130.2 5,254.4 5,303.0 5,359.0
4,760.1 5,006.4 4,894.0 4,964.2 5,028.8 5,138.7 5,184.7 5,263.7
Nonfarm
Nonfarm less housing .... 4,287.0 4,505.4 4,408.4 4,474.2 4,499.2 4,639.6 4,674.0 4,751.0
Housing
473.1 501.0 485.6 489.9 529.5 499.1 510.8 512.7
Farm
83.8
83.6
83.3
78.8
85.8
84.4
84.8
83.4
Statistical discrepancy
34.4
32.1
12.0
9.6
15.7
23.6
23.6
23.1
Households and institutions
Private households
Nonprofit institutions
General government
Federal
State and local
Addendum:
Gross domestic business
product less housing ...
245.3
267.0
258.7
264.0
269.6
275.7
280.3
284.7
9.2
236.1
10.1
256.9
9.7
249.1
10.0
253.9
10.3
259.2
10.6
265.2
10.8
269.5
11.0
273.7
629.1
657.1
648.0
656.3
659.8
664.3
678.4
683.9
192.7
436.5
199.8
457.3
200.0
448.0
200.6
455.7
200.0
459.7
198.7
465.6
206.2
472.1
206.2
477.7
4,370.9 4,608.9
Gross domestic
product
Business
4,861.4 4,986.3 4,922.0 4,956.5 4,998.2 5,068.3 5,078.2 5,102.1
4,144.8 4,267.6 4,206.7 4,239.8 4,277.9 4,346.2 4,353.9 4,374.1
Nonfarm
4,066.2 4,168.4 4,110.0 4,141.0 4,182.6 4,240.0 4,247.4 4,288.1
Nonfarm less housing .... 3,671.2 3,769.3 3,712.5 3,742.4 3,782.9 3,839.3 3,844.8 3,883.7
Housing
395.0 399.1 397.5 398.5 399.6 400.7 402.6 404.4
Farm
79.6
70.4
77.2
79.1
78.2
82.2
79.7
76.2
Statistical discrepancy
19.7
8.1
19.4
19.7
28.3
13.1
26.5
9.8
202.4
209.1
206.5
207.4
210.3
212.4
213.5
216.8
8.2
194.2
8.8
200.4
8.5
198.0
8.7
198.6
8.9
201.4
9.0
203.4
9.2
204.3
9.3
207.5
General government
514.3
509.5
508.8
509.3
510.0
509.8
510.8
511.3
Federal
State and local
Addendum:
Gross domestic business
product less housing ...
157.3
357.0
150.5
359.0
152.0
356.8
151.0
358.3
150.1
360.0
148.8
361.0
148.8
362.0
147.8
363.4
Households and institutions
Private households
Nonprofit institutions
3,745.9 3,864.9
SURVEY OF CURRENT BUSINESS
September
Table 1.9.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, National Income, and Personal
Income
Table 1.10.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, and National Income in Constant
Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1991
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world 1
Less: Payments of factor
income to the rest of the
world 2
Equals: Gross national
product
Less: Consumption of fixed
capital
Capital
consumption
allowances
Less: Capital
consumption
adjustment
Equals: Net national product
Less: Indirect business tax
and nontax liability
Business transfer
payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments
Net interest
Contributions for
social insurance
Wage accruals less
disbursements
Plus: Personal interest income
Personal dividend
income
Government transfer
payments to
persons
Business transfer
payments to
persons
1992
1992
Seasonally adjusted at annual rates
1993
1991
5,722.9 6,038.5 5,908.7 5,991.4 6,059.5 6,194.4 6,261.6 6,327.6
146.1
129.2
134.4
132.9
127.3
122.3
122.8
131.9
131.9
121.9
115.6
127.9
119.5
124.8
122.4
132.3
5,737.1 6,045.8 5,927.6 5,996.3 6,067.3 6,191.9 6,262.1 6,327.1
Gross domestic product .
Plus: Receipts of factor
income from the rest of the
world 1
Less: Payments of factor
income to the rest of the
world 2
Equals: Gross national
product
1992
1993
1992
4,861.4 4,986.3 4,922.0 4,956.5 4,998.2 5,068.3 5,078.2 5,102.1
123.1
105.5
110.7
108.7
103.7
110.0
97.7
93.6
103.0
95.5
98.9
105.0
103.0
4,874.5 4,994.0 4,939.0 4,962.2 5,006.4 5,068.4 5,080.7 5,104.1
Less: Consumption of fixed
626.1
657.9
631.7
637.2
714.6
648.0
663.2
569.2
663.3
Equals: Net national product
565.9
605.7
583.1
594.1
633.7
612.1
622.3
624.8
-60.1
-52.1
^8.6
-43.1
-80.9
-36.0
-40.9
-38.4
5,111.0 5,387.9 5,295.9 5,359.1 5,352.8 5,543.9 5,598.8 5,663.9
476.6
502.8
493.4
497.3
504.8
515.7
515.6
526.2
26.3
9.6
27.6
23.6
27.0
23.1
27.6
23.6
27.8
15.7
28.1
32.1
27.0
34.4
27.8
12.0
-.3
2.7
3.0
3.9
-3.7
7.7
17.1
6.1
4,755.4 4,814.6 4,800.8 4,975.8 5,038.9 5,104.0
4,598.3
Less: Indirect business tax
and nontax liability plus
business transfer payments
less subsidies plus current
surplus of government
enterprises
Statistical discrepancy
595.0
574.8
577.6
643.7
584.0
595.0
592.5
4,305.3 4,399.0 4,364.2 4,384.6 4,362.7 4,484.4 4,485.8 4,511.6
393.7
8.1
402.0
19.7
395.7
19.4
399.5
19.7
403.7
13.1
409.3
26.5
414.9
411.6
28.3
Equals: National income
3,903.4 3,977.3 3,949.1 3,965.4 3,946.0 4,048.6 4,045.9 4,087.0
Addenda:
Net domestic product
Domestic income
Gross national income
4,292.2 4,391.2 4,347.2 4,378.9 4,354.5 4,484.4 4,483.3 4,509.6
3,890.3 3,969.5 3,932.1, 3,959.8 3,937.7 4,048.5 4,043.4 4,085.0
4,866.4 4,974.3 4,919.6 4,942.5 4,993.3 5,041.9 5,052.5 5,094.3
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
439.5
447.7
432.1
450.1
458.1
443.2
Table 1.11.—Command-Basis Gross National Product in Constant
Dollars
556.6
564.6
568.9
585.9
[Billions of 1987 dollars]
.0
692.2
-80.0
694.5
80.0
695.4
.0
693.1
136.0
144.9
152.3
157.0
157.8
816.6
830.9
844.3
855.4
873.0
883.7
21.1
21.5
21.8
22.0
21.4
21.8
407.2
442.0
409.9
439.5
411.7
440.8
367.5
440.1
528.4
555.6
548.5
552.7
-.1
715.6
-20.0
694.3
.0
694.4
.0
696.0
127.9
140.4!
128.2
749.2
836.8|
20.7
21.6
369.5
462.8
Gross national product
Less: Exports of goods and
services and receipts of
factor income from the rest
of the world
Plus: Command-basis exports
of goods and services and
receipts of factor income * .
Equals: Personal income
4,850.9 5,144.9 5,017.8 5,093.8 5,139.8 5,328.3 5,254.7 5,373.2
Equals: Command-basis
gross national product ....
Addenda:
Net domestic product
Domestic income
Gross national income
5,096.9 5,380.7 5,277.0 5,354.2 5,344.9 5,546.4 5,598.4 5,664.3
4,584.2 4,829.4 4,736.5 4,809.6 4,793.0 4,978.3 5,038.4 5,104.5
5,727.5 6,022.2 5,904.5 5,972.8 6,051.7 6,159.9 6,227.6 6,315.2
Addendum:
Terms of trade 2
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
4,874.5 4,994.0 4,939.0 4,962.2 5,006.4 5,068.4 5,080.7 5,104.1
666.5
683.5
681.7
678.8
683.0
690.4
686.4
698.1
662.7
692.9
690.4
685.2
689.5
692.4
700.4
712.5
4,870.8 5,003.4 4,947.7 4,968.6 5,012.9 5,070.3 5,094.8 5,118.4
100.4
102.1
101.3
100.9
101.0
100.3
102.0
102.1
1. Exports of goods and services and receipts of factor income deflated by the implicit price deflator for
imports of goods and services and payments of factor income.
2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the
corresponding implicit price deflator for imports with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
10 • September 1993
SURVEY OF CURRENT BUSINESS
Table 1.16.—Gross Domestic Product of Corporate Business in
Current Dollars and Gross Domestic Product of Nonfinancial
Corporate Business in Current and Constant Dollars
Table 1.14.—National Income by Type of Income
[Billions of dollars]
Seasonally adjusted at annual rates
1991
1992
1992
IV
I
National income
Compensation of employees
Wages and salaries
Government
Other
Supplements to wages and
salaries
Employer contributions
for social insurance ...
Other labor income
Proprietors' income with
IVA and CCAdj
Farm
Proprietors' income with
IVA
CCAdj
Nonfarm
Proprietors' income
IVA
CCAdj
Rental income of persons
with CCAd]
Rental income of persons ..
CCAdj
Corporate profits with IVA
and CCAdj
Corporate profits with IVA ..
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
IVA
CCAdj
Net interest
Addenda:
Corporate profits after tax
with IVA and CCAdj
Net cash flow with IVA
and CAdj
Undistributed profits
with IVA and CCAdj
Consumption of fixed
capital
Less: IVA
Equals: Net cash flow ....
Seasonally adjusted at annual rates
1993
1991
I
1992
1992
1993
4,598.3 4,836.6 4,755.4 4,814.6 4,800.8 4,975.8 5,038.9 5,104.0
3,402.4 3,582.0 3,507.8 3,558.1 3,603.6 3,658.6 3,705.1 3,750.6
2,814.9 2,953.1 2,892.2 2,933.6 2,970.7 3,015.8 3,054.3 3,082.7
545.3 567.5 559.3 566.9 569.7 574.2 584.1 586.3
2,269.6 2,385.6 2,332.9 2,366.8 2,401.0 2,441.6 2,470.2 2,496.3
587.5
629.0
615.7
624.5
632.9
642.8
650.7
668.0
290.6
296.9
306.3
322.7
302.2
313.4
304.6
319.9
306.9
326.0
311.3
331.5
312.2
338.5
321.4
346.6
376.4
414.3
406.8
411.1
408.1
431.2
444.1
439.4
36.8
43.7
45.6
44.9
36.8
47.6
55.7
47.0
44.4
-7.6
51.2
-7.5
52.9
-7.3
52.2
-7.2
44.9
-8.2
54.8
-7.2
62.8
-7.1
54.1
-7.1
339.5
327.7
.0
361.2
350.4
-2.1
12.9
366.2
360.0
-7.0
13.2
371.3
-.8
12.7
383.6
362.2
7.8
13.7
388.4
376.4
-1.6
13.7
392.4
380.3
11.8
370.6
358.0
-.5
13.1
-12.8
-8.9
-8.7
-7.2
-18.5
-1.2
7.5
12.7
45.2
-57.9
57.4
-66.3
47.3
-56.0
49.3
-56.5
75.7
-94.2
57.4
-58.6
71.3
-63.8
73.2
-60.4
369.5
407.2
409.9
411.7
367.5
439.5
432.1
458.1
367.3
362.3
129.8
232.5
390.1
395.4
146.3
249.1
150.5
98.6
-5.3
399.7
404.3
147.0
257.3
138.0
119.3
-4.6
395.7
409.5
153.0
256.5
146.1
110.4
-13.7
350.1
357.9
130.1
227.8
155.2
72.7
-7.8
414.8
407.0
419.8
160.9
258.9
167.5
91.4
-12.7
433.4
445.6
173.3
272.3
168.5
103.9
-12.2
17.1
10.2
16.0
17.4
442.0
439.5
440.8
440.1
137.4
95.2
4.9
2.2
462.8
359.4
409.9
155.0
254.9
162.9
92.0
4.9
24.7
447.7
-1.2
13.3
25.1
24.7
450.1
443.2
Billions of dollars
Gross domestic
product of corporate
business
Consumption of fixed capital ..
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
Gross domestic
product of financial
corporate business ..
Gross domestic
product of
nonfinancial
corporate business ..
Net domestic product
239.7
260.9
262.9
258.7
237.4
284.5
271.2
284.8
507.0
513.1
504.1
492.5
518.2
505.9
521.5
102.3
110.4
124.9
112.6
82.3
121.7
103.7
116.3
383.2
4.9
480.6
396.6
-5.3
512.3
388.2
-4.6
517.8
391.5
-13.7
517.8
410.3
-7.8
500.3
396.5
4.9
513.2
402.2
-12.7
518.7
405.2
-12.2
533.7
383.2
396.6
388.2
391.5
410.3
396.5
402.2
405.2
3,019.2 3,175.1 3,118.4 3,161.4 3,148.1 3,272.3 3,276.2 3,354.0
342.4
359.6
353.5
355.6
361.0
368.3
365.1
377.2
2,676.8 2,815.5 2,764.9 2,805.8 2,787.2 2,904.0 2,911.1 2,976.8
Domestic income
Compensation of
2,225.8 2,337.4 2,287.1 2,320.4 2,351.8 2,390.3 2,408.2 2,448.7
employees
Wages and salaries ... 1,854.6 1,940.9 1,900.4 1,926.9 1,952.4 1,983.9 2,002.8 2,029.0
Supplements to wages
371.2 396.5 386.7 393.4 399.4 406.3 405.3 419.7
and salaries
Corporate profits with
302.6 344.9 338.7 350.2 306.0 384.8 373.0 400.0
IVA and CCAdj
295.5 333.2 333.1 348.0 296.4 355.2 360.7 387.5
Profits before tax
129.8 146.3 147.0 153.0 130.1 155.0 160.9 173.3
Profits tax liability ..
Profits after tax
165.6 186.9 186.1 195.0 166.3 200.2 199.8 214.3
114.0 127.3 113.1 120.3 128.4 147.4 156.7 152.9
Dividends
Undistributed
61.4
43.2
52.8
74.7
37.9
73.0
59.6
51.6
profits
4.9 -12.7 -12.2
-7.8
-4.6 -13.7
-5.3
4.9
IVA
17.4
25.1
24.7
16.0
24.7
10.2
17.1
2.2
CCAdj
128.1
133.2 139.1 135.3 129.4 128.9 129.9
148.4
Net interest
Consumption of fixed capital ..
485.6
3,402.4 3,571.7 3,506.6 3,552.9 3,558.4 3,668.8 3,678.4 3,759.2
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
320.4
328.3
346.8
334.8
294.2
337.2
346.7
363.3
3,082.1 3,243.4 3,159.8 3,218.1 3,264.2 3,331.6 3,331.7 3,395.9
341.5
352.7
345.1
347.8
366.1
351.7
356.8
359.0
2,740.6 2,890.7 2,814.6 2,870.3 2,898.2 2,979.9 2,975.0 3,036.8
311.5
327.7
321.8
323.9
329.1
336.0
333.0
344.0
2,429.0 2,563.1 2,492.9 2,546.4 2,569.0 2,643.9 2,642.0 2,692.8
Domestic income
Compensation of
2,053.8 2,149.5 2,103.8 2,135.4 2,162.7 2,195.9 2,215.0 2,244.7
employees
Wages and salaries ... 1,709.4 1,782.4 1,745.8 1,771.0 1,792.9 1,820.0 1,840.3 1,857.3
Supplements to wages
344.4 367.0 358.0 364.4 369.8 375.9 374.7 387.4
and salaries
Corporate profits with
IVA and CCAdj
233.9 278.3 252.3 273.9 272.7 314.1 292.1 315.0
214.8 255.1 235.1 260.2 251.8 273.2 268.4 291.2
Profits before tax
82.7
Profits tax liability ..
90.8 100.8
98.2
95.3 105.8 106.4 117.6
132.1 156.9 144.3 159.4 156.5 167.4 162.0 173.6
Profits after tax
127.4 125.4
94.0 105.2
93.9 100.3 105.9 120.7
Dividends
Undistributed
profits
51.7
48.2
46.7
38.1
59.1
50.5
34.6
50.5
4.9 -12.7 -12.2
-5.3
4.9
IVA
-4.6 -13.7
-7.8
36.0
14.2
CCAdj
27.4
21.8
28.5
36.4
28.8
36.0
Net interest
141.3 135.3 136.8 137.1 133.6 133.9 134.9 133.1
Billions of 1987 dollars
Gross domestic
product of
nonfinancial
corporate business ..
2,710.0 2,822.3 2,759.5 2,802.6 2,839.8 2,887.4 2,867.5 2,916.6
Consumption of fixed capital ..
309.7 318.4 312.9 314.2 329.3 317.2 321.0 321.4
Net domestic product
2,400.3 2,503.9 2,446.6 2,488.4 2,510.5 2,570.1 2,546.5 2,595.2
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
251.1 258.7 253.1 257.0 260.5 264.5 265.7 268.4
Domestic income
2,149.2 2,245.2 2,193.5 2,231.4 2,250.0 2,305.7 2,280.8 2,326.8
SURVEY OF CURRENT BUSINESS
Table 2.1.—Personal Income and Its Disposition
September 1993 •
11
Table 2.2.—Personal Consumption Expenditures by Major Type of
Product
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1991
1992
1992
IV
Personal income
Wage and salary
disbursements
Commodity-producing
industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm
Nonfarm
Seasonally adjusted at annual rates
1993
1991
I
4,850.9 5,144.9 5,017.8 5,093.8 5,139.8 5,328.3 5,254.7 5,373.2
2,815.0 2,973.1 2,892.2 2,933.6 2,970.7 3,095.8 2,974.3 3,082.7
738.1
557.2
648.0
883.5
545.4
756.5
577.6
682.0
967.0
567.5
741.3
564.0
663.5
928.1
559.3
750.0
571.2
672.2
944.6
566.9
751.6 783.3
573.3 602.0
682.5 709.9
966.8 1,028.4
569.7 574.2
296.9
322.7
313.4
319.9
326.0
331.5
740.7 765.1
559.7 580.3
682.9 709.1
966.6 1,022.2
584.1 586.3
338.5
346.6
376.4
36.8
339.5
414.3
43.7
370.6
406.8
45.6
361.2
411.1
44.9
366.2
408.1
36.8
371.3
431.2
47.6
383.6
444.1
55.7
388.4
439.4
47.0
392.4
-12.8
-8.9
-8.7
-7.2
-18.5
-1.2
7.5
12.7
Personal dividend income
127.9
140.4
128.2
136.0
144.9
152.3
157.0
157.8
Personal interest income
715.6
694.3
694.4
696.0
692.2
694.5
695.4
693.1
769.9
858.4
837.7
852.4
866.1
877.4
894.4
905.5
382.3
413.9
406.3
412.0
416.6
420.8
433.1
435.0
26.7
18.3
39.2
19.3
39.1
20.5
40.4
18.9
39.7
18.8
37.8
19.0
34.5
20.0
34.4
20.2
102.0
240.5
108.3
277.7
106.7
265.1
107.7
273.3
108.4
282.7
110.2
289.7
112.8
294.0
114.6
301.3
22.0
218.5
23.3
254.4
22.9
242.2
23.2
250.1
23.5
259.2
23.5
266.2
23.6
270.4
24.1
277.2
Less: Personal
contributions for social
insurance
Less: Personal tax and
nontax payments
237.8
620.4
249.3
644.8
246.2
630.9
248.1
634.6
249.8
642.8
253.3
670.7
256.6
657.1
264.5
681.0
4,230.5 4,500.2 4,386.9 4,459.2 4,497.0 4,657.6 4,597.5 4,692.2
Less: Personal outlays
4,029.0 4,261.5 4,169.4 4,221.3 4,277.3 4,377.9 4,419.7 4,483.6
Equals: Personal saving
Addenda:
Disposable personal
income:
Total, billions of 1987
dollars
Per capita:
Current dollars
1987 dollars
Population (mid-period,
millions)
Personal saving as
percentage of disposable
personal income
3,906.4 4,139.9 4,046.5 4,099.9 4,157.1 4,256.2 4,296.2 4,359.9
112.2 111.1 111.9 110.9 110.5 111.3 112.5 112.7
10.5
10.4
11.1
10.5
9.7
10.5
11.0
11.0
201.5
238.7
217.5
237.9
219.6
279.7
177.9
208.7
3,529.0 3,632.5 3,580.1 3,607.5 3,624.8 3,717.6 3,642.6 3,694.4
16,741 17,615 17,245 17,481 17,577 18,153 17,876 18,196
13,965 14,219 14,073 14,142 14,169 14,490 14,163 14,326
252.7
255.5
254.4
255.1
255.8
256.6
257.2
4.8
5.3
5.0
5.3
4.9
6.0
3.9
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Durable goods
Motor vehicles and parts..
Furniture and household
equipment
Other
Nondurable goods
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household
operation
Transportation
Medical care
Other
3,906.4 4,139.9 4,046.5 4,099.9 4,157.1 4,256.2 4,296.2 4,359.9
457.8
497.3
484.0
487.8
500.9
516.6
515.3
185.5
204.3
199.4
200.6
203.4
213.7
211.7
220.8
180.6
91.6
194.5
98.5
188.7
95.8
190.2
97.1
196.5
101.0
202.7
100.2
203.3
100.3
208.6
102.2
531.6
1,257.9 1,300.9 1,278.2 1,288.2 1,305.7 1,331.7 1,335.3 1,344.8
621.4
213.0
102.9
13.0
307.6
633.7
228.2
103.4
13.8
321.8
628.8
221.4
99.9
12.8
315.3
626.6
224.5
102.9
14.7
319.6
631.7
230.7
105.8
13.9
323.6
647.6
236.1
105.2
13.9
328.9
648.2
233.1
106.0
15.1
332.9
654.1
235.2
103.6
14.9
337.2
2,190.7 2,341.6 2,284.4 2,323.8 2,350.5 2,407.9 2,445.5 2,483.4
574.4
227.1
104.3
600.0
234.4
105.8
591.2
228.0
101.3
596.9
234.5
104.7
602.5
230.3
106.0
609.2
245.0
111.0
617.6
245.7
111.1
625.1
246.7
109.8
122.8
146.2
577.1
665.9
128.7
155.4
628.4
723.5
126.7
152.5
609.1
703.6
129.7
153.7
622.6
716.2
124.3
153.0
634.9
729.7
134.0 134.5
162.41 166.3
646.9 662.2
744.3 753.8
136.9
169.1
675.4
767.1
Table 2.3.—Personal Consumption Expenditures by Major Type of
Product in Constant Dollars
[Billions of 1987 dollars]
Equals: Disposable personal
income
Personal consumption
expenditures
Interest paid by persons ....
Personal transfer payments
to rest of the world (net)
Personal consumption
expenditures
Food
Clothing and shoes
Gasoline and oil
Rental income of persons
with capital
consumption
adjustment
Transfer payments to
persons
Old-age, survivors,
disability, and health
insurance benefits
Government
unemployment
insurance benefits
Veterans benefits
Government employees
retirement benefits
Other transfer payments
Aid to families with
dependent children
Other
1993
1992
1992
257.9
Personal consumption
expenditures
Durable goods
Motor vehicles and parts...
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household
operation
Transportation
Medical care
Other
3,258.6 3,341.8 3,302.3 3,316.8 3,350.9 3,397.2 3,403.8 3,432.7
426.6
456.6
446.6
447.5
459.0
473.4
471.9
484.2
170.5
182.3
180.6
179.5
180.6
188.6
185.7
191.3
180.0
76.1
194.8
79.5
188.2
77.8
189.8
78.2
197.1
81.3
204.2
80.6
206.5
79.7
212.4
80.6
1,048.2 1,062.9 1,052.0 1,055.0 1,062.9 1,081.8 1,076.0 1,083.1
518.7
184.7
83.1
10.7
250.9
520.5
193.7
83.9
11.9
252.9
518.8
188.3
82.7
11.1
251.1
515.7
191.1
83.7
12.8
251.7
518.2
195.4
84.7
11.7
252.7
529.3
200.0
84.4
11.9
256.2
526.7
194.8
83.9
12.9
257.7
528.6
197.8
84.1
12.6
259.9
1,783.8 1,822.3 1,803.7 1,814.3 1,829.0 1,842.0 1,855.9 1,865.4
478.6
208.2
95.8
484.2
211.7
95.3
481.7
205.9
92.4
483.2
210.7
95.1
485.1
213.6
95.3
486.7
216.6
98.5
488.8
217.9
99.1
490.7
215.6
96.2
112.5
120.0
437.6
539.4
116.4
122.7
449.2
554.4
113.5
120.4
445.3
550.3
115.6
121.9
447.9
550.7
118.3
125.0
450.4
554.9
118.1
123.7
453.2
561.7
118.8
124.5
458.0
566.8
119.4
126.1
461.1
571.8
12 • September 1993
SURVEY OF CURRENT BUSINESS
Table 3.2.—Federal Government Receipts and Expenditures
Table 3.3.—State and Local Government Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
Receipts
1992
1992
1993
1,127.8 1,183.0 1,165.9 1,176.1 1,169.1 1,221.1 1,218.4 1,268.0
Personal tax and nontax
receipts
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals
Federal Reserve banks
Other
Indirect business tax and
nontax accruals
Excise taxes
Customs duties
Nontaxes
Contributions for social
insurance
Expenditures
490.8
478.0
11.3
1.4
479.7
467.3
10.9
1.5
482.0
469.8
10.8
1.4
489.5
476.7
11.0
1.6
11.4
1.4
511.8
498.3
12.1
1.4
502.1
489.1
11.6
1.5
520.7
506.0
13.2
1.5
107.1
20.8
86.3
120.2
16.8
103.5
121.1
17.8
103.3
125.8
17.3
108.4
107.0
16.2
90.8
127.1
15.8
111.3
132.4
15.7
116.7
142.4
15.3
127.2
79.1
47.0
16.9
15.2
81.3
46.8
18.3
16.2
80.4
47.0
17.7
15.7
80.2
46.8
17.8
15.6
81.1
46.8
18.7
15.7
83.5
46.5
19.1
18.0
81.5
47.4
18.8
15.3
86.2
48.5
20.4
17.3
474.9
462.3
466.7
Purchases
— National defense
Nondefense
445.9
322.5
123.4
Transfer payments (net)
To persons
To rest of the world (net) ...
522.0
550.0
-27.9
Grants-in-aid to State and
local governments
Net interest paid
Interest paid
To persons and business
To rest of the world (net)
Less: Interest received by
government
Subsidies less current surplus
of government enterprises .
Subsidies
Less: Current surplus of
government enterprises..
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
490.7
484.7
488.1
491.4
498.7
502.3
518.7
1,331.2 1,459.3 1,436.1 1,456.0 1,459.8 1,485.3 1,481.9 1,490.6
448.8
313.8
135.0
444.6
310.4
134.2
452.8
316.7
136.1
452.4
315.7
136.7
442.7
304.8
137.9
447.5
307.6
140.0
598.4
620.8
605.8
624.4
611.6
12.8
641.7
617.1
24.6
642.0
628.9
13.1
645.6
632.7
12.9
445.5
312.3
133.1
624.5
608.2
16.3
611.0
12.6
15.0
153.0
171.4
163.4
171.8
173.7
176.7
176.1
182.8
187.6
220.9
179.2
41.7
187.1
219.9
41.2
189.3
220.3
179.6
40.7
190.4
221.9
180.6
41.3
187.4
221.1
179.8
41.4
181.3
216.4
175.0
41.4
178.3
214.1
172.4
41.1
182.5
219.0
176.9
42.1
33.4
32.8
31.0
31.6
33.7
35.1
35.7
36.5
22.6
28.5
27.5
31.7
27.0
32.1
28.5
33.1
21.4
25.5
33.2
36.1
42.9
43.7
32.3
35.9
5.9
4.1
5.0
4.6
4.1
2.9
.8
3.6
-.1
.0
.0
.0
.0
.0
.0
.0
178.7
Receipts
Personal tax and nontax
receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Sales taxes
Property taxes
Other
Contributions for social
insurance
49.2
36.4
32.2
30.8
30.4
31.3
30.2
45.2
-252.7 -308.5 -301.0 -310.3 -322.0 -300.6 -293.7 -267.8
1992
780.5
837.8
817.2
833.2
839.0
861.6
860.2
881.0
145.5
110.4
16.7
18.4
154.0
116.7
18.3
19.0
151.2
114.6
17.7
18.8
152.6
115.7
18.1
18.7
153.3
115.7
18.5
19.1
158.8
120.8
18.8
19.2
155.0
116.4
19.2
19.5
160.3
121.0
19.5
19.8
22.7
26.0
25.9
27.2
23.1
27.9
28.5
30.8
397.5
189.6
167.6
40.2
421.5
200.8
177.7
43.0
413.0
197.1
174.1
41.8
417.1
198.5
176.5
42.1
423.7
201.9
178.9
42.9
432.2
205.7
181.4
45.1
434.1
206.5
440.0
209.3
186.5
44.3
1993
1992
183.9
43.6
61.7
64.9
63.8
64.6
65.2
65.9
66.5
67.2
153.0
171.4
163.4
171.8
173.7
176.7
176.1
182.8
Expenditures
773.2
830.6
811.2
825.5
837.8
Purchases
Compensation of
employees
Other
653.4
683.0
673.0
681.2
436.5
216.9
457.3
225.7
448.0
225.0
455.7
225.5
Federal grants-in-aid
459.7
226.5
848.0
859.4
880.0
691.4
697.0
711.1
465.6
225.7
472.1
224.9
477.7
233.4
Transfer payments to persons
199.2
228.6
218.3
225.1
232.8
238.4
244.1
251.0
Net interest paid
Interest paid
Less: Interest received by
government
-47.1
63.5
-46.0
66.1
-46.3
65.2
-46.0
65.8
-45.9
66.5
-45.7
67.1
-45.5
67.7
-45.3
68.4
110.5
112.1
111.5
112.3
112.8
113.2
113.7
9.5
10.2
10.2
10.3
10.5
10.5
10.7
-22.9
.4
-24.8
.4
-24.0
.4
-24.6
.4
-25.1
.4
-25.5
.4
-25.8
.4
-26.2
.5
23.3
25.2
24.5
25.0
25.6
25.9
26.2
26.6
.0
.0
.0
.0
.0
.0
.0
.0
59.0
-58.2
58.9
-57.8
Less: Dividends received by
government
Subsidies less current surplus
of government enterprises .
Subsidies
Less: Current surplus of
government enterprises..
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
-203.4 -276.3 -270.2 -279.9 -290.7 -264.2 -263.5 -222.6
1991
7.3
7.2
6.1
7.8
1.2
13.5
58.5
-51.2
59.4
-52.2
58.8
-52.8
59.6
-51.8
59.5
-58.3
59.6
-46.0
1.1
September 1993
SURVEY OF CURRENT BUSINESS
•
13
Table 3.7B.—Government Purchases by Type
Table 3.8B—Government Purchases by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1991
Government purchases
Federal
1992
1992
Seasonally adjusted at annual rates
1993
1,099.3 1,131.8 1,118.5 1,125.8 1,139.1 1,143.8 1,139.7 1,158.6
445.9
448.8
445.5
444.6
452.8
452.4
442.7
447.5
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
322.5
85.9
11.5
220.3
313.8
79.0
10.3
218.9
312.3
79.7
8.9
218.2
310.4
77.4
11.1
216.2
316.7
80.1
11.2
220.2
315.7
78.9
9.8
221.0
304.8
74.4
9.0
216.4
307.6
75.3
10.2
217.0
132.3
89.1
43.2
87.9
4.8
135.7
90.7
45.0
83.2
5.6
136.8
91.5
45.3
81.5
5.4
136.8
91.4
45.4
79.3
5.8
135.6
90.7
44.9
84.6
5.3
133.7
89.2
44.5
87.3
6.0
137.2
91.5
45.7
79.1
5.0
136.4
91.2
45.2
80.6
5.0
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
employees
Other services
Structures
123.4
6.5
7.2
135.0
7.1
8.6
133.1
7.5
7.8
134.2
7.0
8.0
136.1
6.6
9.2
136.7
".4
9.3
137.9
7.3
7.8
140.0
7.9
7.6
.3
6.9
100.6
9.2
109.0
-1.2
9.1
107.4
-1.0
9.1
108.9
-.4
9.5
110.2
.0
9.3
109.7
-.4
8.1
112.2
-.3
7.9
114.3
60.3
40.3
9.1
64.1
44.9
10.3
63.3
44.1
10.4
63.7
45.2
10.3
64.5
45.7
10.2
65.0
44.7
10.3
69.0
43.2
10.5
69.8
44.6
10.1
653.4
683.0
673.0
681.2
686.2
691.4
697.0
711.1
36.1
58.3
466.4
37.6
60.2
485.3
37.0
58.7
477.0
37.4
60.4
483.3
37.9
61.1
487.5
38.2
60.7
493.5
38.7
61.7
499.6
39.2
63.0
504.4
436.5
29.9
92.6
457.3
28.0
99.8
448.0
29.0
100.4
455.7
27.6
100.0
459.7 j
27.8
99.8
465.6
27.9
99.0
472.1
27.5
97.1
477.7
26.6
104.5
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees
Other services
Structures
1992
1991
1992
946.3
945.2
943.1
940.7
950.2
946.9
931.3
386.5
373.0
372.1
369.2
377.0
373.7
357.6
359.4
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
281.3
80.3
9.9
187.0
261.2
73.2
9.4
173.6
261.2
73.7
8.5
174.2
257.9
72.0
10.1
170.7
264.4
74.6
10.4
174.6
261.3
72.6
8.6
174.7
246.0
67.2
8.3
166.1
246.4
67.4
9.2
165.5
108.0
72.9
35.0
79.0
4.1
100.9
66.4
34.5
72.7
5.0
102.7
67.8
34.9
71.5
4.8
101.5
66.6
34.9
69.2
5.2
100.2
65.9
34.3
74.4
4.8
99.0
65.4
33.7
75.7
5.3
97.7
64.4
33.3
68.4
4.4
96.4
63.8
32.7
69.0
4.4
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
employees
Other services
Structures
105.3
6.6
6.6
111.8
7.5
7.9
110.9
7.7
7.5
111.3
7.3
7.4
112.5
7.0
8.2
112.4
7.9
8.4
111.5
7.8
7.2
113.0
8.4
6.9
.5
6.2
84.0
-.4
8.3
87.4
-.7
8.2
86.5
-.7
8.1
87.6
-.4
8.6
.0
8.4
87.2
-.2
7.4
87.3
-.2
7.1
49.3
34.7
8.0
49.6
37.8
9.0
49.3
37.2
9.2
49.5
38.0
9.1
49.8
38.5
8.9
49.8
37.4
8.9
51.0
36.3
9.1
51.4
37.4
8.7
559.7
572.2
571.0
571.5
573.2
573.2
573.7
581.6
32.5
50.6
392.9
33.3
52.1
395.8
32.9
51.5
393.4
33.1
51.9
394.6
33.4
52.4
396.7
33.6
52.7
398.2
33.8
53.0
400.1
34.0
53.4
401.9
357.0
35.9
83.7
359.0
36.7
91.1
356.8
36.6
93.1
358.3
36.3
91.8
360.0
36.7
90.8
361.0
37.3
362.0
38.1
86.9
363.4
38.4
92.4
Government purchases
Federal
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees
Other services
Structures
1993
Table 3.10.—-National Defense Purchases
Table 3.11.—National Defense Purchases in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
National defense
purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment..
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support*
Weapons support2
Personnel support3
Transportation of
material
Travel of persons
Other
Structures
Military facilities
Other
322.5
313.8
312.3
310.4
316.7
315.7
304.8
307.6
85.9
79.0
79.7
77.4
80.1
78.9
74.4
75.3
80.1
27.0
15.5
12.1
73.2
22.7
14.3
12.1
74.1
23.5
13.6
12.6
72.4
22.9
14.7
12.2
73.7
22.5
14.8
12.0
72.6
21.9
14.2
11.6
70.5
20.8
13.5
11.1
4.7
3.8
3.7
3.5
4.1
3.9
4.2
6.7
14.1
6.6
13.6
6.5
14.3
6.2
12.9
6.9
13.4
7.1
14.0
6.6
14.2
5.8
5.8
5.6
5.0
6.4
6.3
3.9
70.5
22.5
12.9
11.3
3.2
6.8
13.9
4.8
11.5
10.3
8.9
11.1
11.2
9.8
9.0
10.2
4.7
3.5
3.4
3.5
3.4
3.4
3.3
2.1
3.6
3.6
4.2
3.3
4.0
3.7
3.5
3.0
3.6
3.2
3.0
3.5
2.5
3.4
4.0
2.7
220.3
218.9
218.2
216.2
220.2
221.0
216.4
217.0
132.3
89.1
43.2
87.9
135.7
90.7
45.0
83.2
136.8
91.5
45.3
81.5
136.8
91.4
45.4
79.3
135.6
90.7
44.9
84.6
133.7
89.2
44.5
87.3
137.2
91.5
45.7
79.1
136.4
91.2
45.2
80.6
25.4
23.5
10.9
13.5
26.5
23.4
10.0
13.3
26.4
24.5
26.3
23.2
10.0
13.5
27.5
24.3
10.0
13.4
27.2
22.1
13.3
26.0
21.5
10.1
13.2
26.6
21.9
9.6
12.2
8.8
7.2
5.8
6.2
5.1
4.0
5.1
6.2
6.7
7.5
6.1
7.2
5.0
6.3
-1.3
-2.0
-1.7
-2.8
-2.5
-1.1
-2.2
5.3
6.4
-1.5
4.8
5.6
5.4
5.8
5.3
6.0
5.0
5.0
2.5
2.3
3.5
2.1
3.3
2.1
3.5
2.2
3.4
1.9
3.8
2.2
3.0
2.0
3.0
2.1
9.9
9.1
11.6
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation ot foreign personnel, consulting, training, and education.
National defense
purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment..
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support *
Weapons support2
Personnel support3
Transportation of
material
Travel of persons
Other
Structures.
Military facilities
Other
941.1
281.3
261.2
261.2
257.9
264.4
261.3
246.0
246.4
80.3
73.2
73.7
72.0
74.6
72.6
67.2
67.4
74.4
24.8
16.2
10.4
67.1
20.2
15.3
10.3
67.3
21.0
13.9
10.7
66.9
20.9
15.7
10.4
67.9
20.1
16.0
10.2
66.3
19.0
15.7
62.9
17.7
14.1
4.3
6.3
3.4
6.1
3.3
6.0
3.1
5.7
3.7
6.3
9.8
3.4
6.5
9.3
3.6
6.0
12.4
11.8
12.4
11.1
11.6
11.9
5.9
6.1
6.4
5.1
6.8
6.4
12.1
4.4
62.1
18.8
13.2
9.5
2.6
6.2
11.8
5.3
9.9
9.4
8.5
10.1
10.4
8.6
8.3
9.2
3.5
3.5
2.9
2.9
3.5
3.0
3.1
2.4
3.1
3.0
4.2
2.8
3.1
4.2
3.2
2.4
3.3
2.9
2.7
3.4
2.2
2.9
3.9
2.4
187.0
173.6
174.2
170.7
174.6
174.7
166.1
165.5
108.0
72.9
35.0
79.0
100.9
66.4
34.5
72.7
102.7
67.8
34.9
71.5
101.5
66.6
34.9
69.2
100.2
65.9
34.3
74.4
99.0
65.4
33.7
75.7
97.7
64.4
33.3
68.4
96.4
63.8
32.7
69.0
23.1
20.8
23.6
20.6
23.8
21.8
23.1
19.0
23.3
20.2
24.1
21.2
23.8
19.4
8.2
9.9
7.4
8.7
23.4
19.1
7.8
9.1
5.3
5.4
9.6
8.4
8.4
8.5
8.3
10.7
10.0
10.1
10.1
10.1
9.5
6.4
6.1
5.6
5.2
3.6
5.0
5.6
7.5
6.9
-1.1
-1.6
-1.4
-2.2
-1.9
6.6
6.4
-.8
-1.6
5.4
5.5
-1.1
4.1
5.0
4.8
5.2
4.8
5.3
4.4
4.4
2.3
1.8
3.3
1.7
3.1
1.8
3.4
1.8
3.2
1.5
3.5
1.8
2.8
1.6
2.8
1.6
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. includes compensation of foreign personnel, consulting, training, ana education.
14 • September 1993
SURVEY OF CURRENT BUSINESS
Table 4.1.—Foreign Transactions in the National Income and Product
Accounts
Table 4.2.—Exports and Imports of Goods and Services and
Receipts and Payments of Factor Income in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
1992
1992
Receipts from rest of the world
1991
1993
III
747.6 769.7 768.0 765.3 768.4 777.0 774.1 791.8
654.7
462.0
311.1
150.9
192.8
Exports of goods and services
Merchandisel
Durable
Nondurable
Services1
601.5
426.4
283.7
142.7
175.1
Receipts of factor income2
146.1 129.2 134.4 132.9 127.3 122.3 122.8 131.9
Capital grants received by the United
States (net)
Payments to rest of the world ...
Imports of goods and services ,
Merchandise1
Durable
Nondurable
Services1
0
640.5
448.7
300.8
147.9
191.7
633.7
442.6
296.7
145.9
191.0
0
0
632.4
442.8
297.1
145.7
189.6
641.1
447.5
298.5
149.0
193.6
651.3
453.2
306.9
146.3
198.0
660.0
458.6
314.0
144.6
201.3
0
747.6 769.7 768.0 765.3 768.4 777.0 774.1 791.8
621.1
500.7
315.8
184.9
120.4
670.1
544.5
346.3
198.2
125.6
640.7
515.4
331.7
183.7
125.3
666.3
540.6
342.3
198.3
125.7
679.9
557.3
351.4
205.9
122.6
693.5
564.7
359.7
205.1
128.7
699.6
569.6
368.8
200.7
130.0
725.0
592.6
379.5
213.1
132.4
Payments of factor income3
131.9 121.9 115.6 127.9 119.5 124.8 122.4 132.3
Transfer
From
From
From
-11.9
10.5
-27.9
5.6
payments (net)
persons (net)
government (net) ..
business
Net foreign investment
32.7
10.4
16.3
6.0
29.6
11.1
12.6
5.9
31.6
10.5
15.0
6.1
28.5
9.7
12.8
5.9
41.2
10.5
24.6
6.1
29.7
11.0
13.1
5.6
29.9
11.0
12.9
6.0
543.4
396.7
269.2
127.4
146.7
Exports of goods and services
Merchandisel
Durable
Nondurable
Servicesl
578.0
422.7
288.0
134.7
155.4
1993
1992
1992
IV
I
II
III
IV
I
II
571.0
414.4
280.9
133.5
156.6
570.2
415.9
283.6
132.4
154.2
579.3
423.0
287.4
135.6
156.3
591.6
437.3
300.0
137.3
154.3
588.0
430.2
296.5
133.7
157.8
593.2
434.5
302.4
132.1
158.6
Receipts of factor income2
123.1 105.5 110.7 108.7 103.7
Imports of goods and services
Merchandise *
Durable
Nondurable
Services l
562.5
463.9
297.2
166.7
98.5
611.6
511.9
332.5
179.4
99.7
110.0
97.7
. .
Payments of factor income3
586.2
486.8
315.1
171.7
99.3
98.9
608.2
509.0
328.5
180.4
99.2
621.8
521.6
338.4
183.2
100.1
630.3
530.3
348.0
182.4
100.0
93.6 103.0
95.5
98.8
98.3 105.0
647.9
545.9
360.5
185.5
102.0
668.4
565.7
372.1
193.6
102.7
95.8 103.0
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
6.4 -55.1 -17.7 -60.6 -59.4 -82.4 -77.6 -95.4
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Table 4.3.—Exports and Imports of Merchandise by End-Use Category
Table 4.4.—Exports and Imports of Merchandise by End-Use Category
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Exports of merchandise .
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural productsl
Exports of nonagricultural products ...
Imports of nonpetroleum products
426.4 448.7 442.6 442.8 447.5 462.0 453.2 458.6
35.8 40.3 40.1 38.2 40.9 41.9 40.8 39.6
106.4 105.2 104.0 105.5 106.4 104.9 103.0 103.0
37.2 36.9 36.2 36.1 37.9 37.2 37.2 37.6
69.2 68.4 67.8 69.4 68.5 67.7 65.8 65.4
167.0 176.9 177.2 175.0 173.3 182.0 177.8 183.3
36.4 37.7 42.8 37.7 33.4 37.1 33.1 36.4
27.3 28.8 27.5 28.7 28.8 30.0 28.8 28.0
103.3 110.4 106.9 108.6 111.1 114.9 115.9 118.8
40.0 47.1 43.1 46.4 47.8 50.9 51.2 51.3
45.9 50.4 48.3 49.0 51.0 53.3 51.5 52.2
23.8 25.6 25.2 25.2 25.4 26.5 26.3 27.2
22.2 24.8 23.1 23.8 25.5 26.8 25.2 25.1
31.1 28.9 29.9 28.6 28.1 28.9 28.8 29.3
15.6 14.5 15.0 14.3 14.1 14.5 14.4 14.6
15.6 14.5 15.0 14.3 14.1 14.5 14.4 14.6
500.7 544.5 515.4 540.6 557.3 564.7 569.6 592.6
26.5
27.9
27.0
28.7
28.1
27.6
27.4
27.5
Imports of merchandise
396.7 422.7 414.4 415.9 423.0 437.3 430.2 434.5
31.4 35.7 34.9 33.3 36.9 37.7 36.4 35.2
95.9 97.5 97.7 97.9 97.7 96.6 94.7 94.0
32.8 32.1 32.2 31.6 32.7 31.9 31.1 30.6
63.1 65.4 65.5 66.3 65.0 64.7 63.6 63.4
164.9 178.4 174.6 175.3 177.0 186.8 184.3 189.5
31.0 30.9 35.3 31.0 27.3 30.0 26.6 29.0
41.6 51.0 45.5 49.4 52.5 56.4 55.9 57.0
92.3 96.6 93.8 94.9 97.2 100.5 101.8 103.4
36.4 41.9 38.6 41.5 42.6 45.1 45.3 45.3
40.4 43.5 41.9 42.5 44.0 45.5 44.1 44.9
21.3 22.7 22.2 22.5 22.7 23.4 23.2 24.1
19.1 20.8 19.8 20.1 21.3 22.2 21.0 20.8
27.7 25.6 26.6 25.3 24.9 25.5 25.4 25.7
13.8 12.8 13.3 12.7 12.5 12.8 12.7 12.8
13.8 12.8 13.3 12.7 12.4 12.8 12.7 12.8
463.9 511.9 486.8 509.0 521.6 530.3 545.9 565.7
26.4
75.5 82.3 80.7 81.6 82.7 84.2 86.4 87.3
36.2 39.5 39.2 39.2 39.4 40.3 41.7 41.1
39.2 42.8 41.5 42.4 43.3 43.9 44.8 46.2
51.8 51.6 41.9 52.4 57.2 54.9 51.0 57.3
120.7 134.2 125.4 131.8 137.8 141.8 142.6 150.7
11.7 12.6 11.8 13.3 12.3 13.0 10.5 11.8
26.1 31.8 28.2 30.8 33.6 34.6 35.9 37.2
82.9 89.8 85.4 87.6 91.9 94.2 96.2 101.7
85.7 91.8 89.1 91.2 91.8 95.1 100.5 102.1
108.0 123.0 117.4 121.3 126.7 126.5 128.9 132.9
56.8 63.9 61.0 63.3 65.9 65.2 67.7 68.2
51.2 59.1 56.4 58.0 60.9 61.3 61.2 64.7
32.5 33.8 33.8 33.7 33.0 34.8 32.7 34.8
16.3 16.9 16.9 16.8 16.5 17.4 16.4 17.4
16.3 16.9 16.9 16.8 16.5 17.4 16.4 17.4
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
65.5 72.0 71.0 71.5 72.2 73.3 75.3 76.0
31.3 34.1 34.3 33.7 33.6 34.8 35.3 34.9
34.2 37.9 36.7 37.9 38.6 38.5 40.0 41.1
49.1 51.2 47.3 51.6 53.1 52.8 53.4 57.8
125.2 148.4 134.7 144.9 153.8 160.0 165.3 175.8
9.4
10.0 10.3
8.5
9.8 10.9 10.0 10.5
41.7 59.7 50.0 56.6 64.2 68.2 73.1 79.0
73.5 78.3 75.0 77.4 79.5 81.3 83.8 87.4
75.8 79.7 77.7 79.7 79.5 81.9 87.0 87.4
95.0 105.2 101.4 104.7 108.0 106.7 110.2 113.0
50.6 55.6 53.5 55.5 57.1 56.2 58.6 58.9
44.4 49.6 47.9 49.2 50.9 50.5 51.6 54.1
28.8 29.5 29.7 29.6 28.7 30.1 28.5 30.0
14.4 14.7 14.8 14.8 14.3 15.0
14.2 15.0
14.4 14.7 14.8 14.8 14.3 15.0 14.2 15.0
40.1 44.0 43.4 42.6 44.7 45.5 43.4 43.1
386.2 404.7 399.3 400.2 402.9 416.4 409.9 415.5
448.9 492.9 473.5 488.2 500.1 509.9 518.5 535.3
Addenda:
Exports of agricultural productsl
Exports of nonagricultural products ...
Imports of nonpetroleum products
35.5 39.7 38.8 38.2 40.8 41.1 38.7 38.8
361.2 382.9 375.7 377.7 382.2 396.1 391.5 395.7
414.8 460.8 439.6 457.4 468.5 477.6 492.5 507.9
1. Includes parts of: exports of foods, feeds and beverages, of nondurable industrial supplies and materials,
and of nondurable consumer goods, except automotive.
Exports of merchandise .
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
24.5
26.0
25.0
26.9
25.6
26.1
25.6
1. Includes parts of: exports of foods, feeds and beverages, of nondurable industrial supplies and materials,
ana of nondurable consumer goods, except automotive.
SURVEY OF CURRENT BUSINESS
September 1993 •
15
Table 5.1.—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1991
Gross saving
Gross private saving
Personal saving
Undistributed corporate
profits with inventory
valuation and capital
consumption adjustments
Undistributed profits
Inventory valuation
adjustment
Capital consumption
adjustment
Corporate consumption of
fixed capital
Noncorporate consumption
of fixed capital
Wage accruals less
disbursements
1992
1992
1993
733.7
717.8
709.9
715.5
727.0
718.8
762.0
766.7
929.9
974.1
217.5
987.7 1,016.5
237.9 219.6
969.4
201.5
986.9
238.7
1,024.8
279.7 177.9
988.3
208.7
102.3
95.2
110.4
98.6
124.9
119.3
112.6
110.4
82.3
72.7
121.7
92.0
103.7
91.4
116.3
103.9
4.9
-5.3
-4.6
-13.7
-7.8
4.9
-12.7
-12.2
2.2
17.1
10.2
16.0
17.4
24.7
25.1
24.7
383.2
396.6
388.2
391.5
410.3
396.5
402.2
405.2
242.8
261.3
243.5
245.7
304.3
251.5
261.0
258.1
.0
-20.0
.0
.0
.0
-80.0
80.0
.0
-250.6 -262.8
-264.2 -263.5
13.5
-221.5
-222.6
1.1
Government surplus or
deficit (-), national
income and product
accounts
-196.2
-203.4
7.3
Federal
State and local
Capital grants received by
the United States (net)
Gross investment
Gross private domestic
investment
Net foreign investment
Statistical discrepancy
-269.1 -264.2 -272.2 -289.5
-276.3 -270.2 -279.9 -290.7
6.1
1.2
7.8
7.2
.0
.0
.0
.0
.0
.0
.0
.0
743.3
741.4
733.0
739.1
742.7
750.9
796.5
778.7
736.9 796.5
6.4 -55.1
9.6 23.6
750.8
-17.7
799.7
-60.6
802.2
-59.4
833.3
-82.4
874.1
-77.6
874.1
-95.4
23.1
23.6
15.7
32.1
34.4
12.0
Table 5.4.—Fixed Investment by Type
Table 5.5.—Fixed Investment by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
1992
1992
1991
1993
1992
1992
IV
Fixed investment.
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and peripheral
equipment1
Other
Industrial equipment
Transportation and related
equipment
Other
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment .
745.5
555.9
182.6
789.1 755.9 786.8 792.5 821.3 839.5 861.0
565.5 547.0 566.3 569.2 579.5 594.7 619.1
172.6 173.9 174.5 170.8 171.1 172.4 177.6
127.8 114.6 118.8 116.2 111.6 111.9 114.8 117.1
31.7 35.8 34.6 35.5 36.1 36.9 35.1
15.1
7.9
12.4
9.8
373.3
392.9
12.0
8.5
12.6
10.2
12.3
10.8
12.6
9.7
12.8
9.7
14.0
9.8
373.1 391.7 398.4 408.3 422.2 441.6
125.0 135.5 130.2 132.8 139.2 139.7 142.7 147.0
35.3
89.6
86.0
39.8
95.7
87.2
37.8
92.4
84.3
39.8
92.9
85.2
40.7
98.5
88.1
40.7
98.9
91.2
84.9
77.5
90.7
79.5
80.7
77.9
95.0
78.7
91.1
80.1
96.1 101.3 110.1
81.3 85.8 88.5
189.6 223.6 208.9
220.6
223.3 241.8
182.8 216.3 201.8 213.4 215.9 234.3
95.4 116.5 110.5 115.3 115.9 124.3
15.1 13.1 12.9 15.1 12.7 11.7
72.2 86.7 78.3 83.0 87.3 98.3
6.8
7.3
1. Includes new computers and peripheral equipment only,
II
7.2
7.2
7.4
7.5
45.8 46.1
96.9 100.9
92.4 95.9
244.9
237.3
132.4
10.3
94.6
241.9
7.5
7.6
234.2
127.5
10.3
96.4
Fixed investment.
Nonresidential
1993
III
IV
684.1 726.4 696.7 724.4 730.0 754.3 773.7 790.6
514.5 529.2 510.5 528.8 533.8 543.7 562.3 584.3
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
160.2 150.6 152.8 152.9 148.8 148.0 148.2 151.1
12.1
7.1
10.0
8.9
Producers' durable equipment
Information processing and related
equipment
Computers and peripheral
equipment1
Other
Industrial equipment
Transportation and related
equipment
Other
354.3
378.6
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment
97.9
31.1
97.5
31.6
99.3 100.5
29.9 30.6
10.0
10.3
8.6
10.4
8.6
357.7 375.9 385.1
395.7
113.3 100.8 105.3 102.7
27.7 30.9 30.0 30.7
9.7
7.8
10.2
9.3
11.4
8.7
414.1 433.2
138.7 159.9 149.5 155.8 166.0 168.5 178.6 186.8
54.3
84.5
73.2
71.2
88.7
72.7
63.3
86.2
71.1
69.6
86.2
71.3
74.9
91.1
72.8
77.2
91.3
75.7
89.5
89.0
76.7
94.5
92.3
78.8
74.7
67.8
77.7
68.3
69.7
67.4
81.0
67.8
77.8
68.5
82.1
69.4
85.7
73.2
92.8
74.9
169.5 197.1 186.2 195.6 196.2 210.6 211.4
206.2
163.0 190.1 179.3 188.8 189.1 203.3 204.1 198.9
85.5 102.7 98.9 102.4 101.7 107.9 113.9 108.7
9.1
9.0
13.5 11.8 11.7 13.6 11.4 10.4
64.0 75.6 68.8 72.7 76.0 85.0 81.1 81.2
6.6
7.0
, Includes new computers and peripheral equipment only.
6.9
7.1
7.2
7.3
7.3
SURVEY OF CURRENT BUSINESS
l6 • September 1993
Table 5.11.—Change in Business Inventories by Industry in Constant
Dollars
Table 5.10.—Change in Business Inventories by Industry
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1991
Change in business inventories
Farm
Nonfarm
Change in book value
Inventory valuation adjustment
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Durable goods
Nondurable goods
-8.6
-8.6
-13.9
5.3
-7.0
-9.3
2.3
4.6
.6
4.0
4.5
.6
3.9
.1
-.1
.1
1.3
-3.9
-3.7
-.3
5.2
-7.5
-.2
-7.2
1992
1992
1993
12.9
9.7
12.0
6.7
5.0
5.6
2.3 -10.8
6.2
8.8 -5.2 26.3
-6.4 -5.5 -20.1
-6.0 -9.4 -7.4
-10.6 -15.5 -7.2
5.3
4.4
2.4
7.3
-5.1
4.6
6.1
3.9
2.2
6.3
4.4
1.8
-.2
-.5
.3
6.5
4.8
-.7
5.5
1.6
10.8
-1.0
-6.3
7.1
-2.6
9.7
2.3
6.8
-4.5
11.4
13.9
-2.4
1.5
5.7
-4.1
1.4
1.1
-.4
-.2
12.3
13.3
6.1
-3.6
-8.2
4.6
-2.8
-7.3
4.5
4.8
9.5
1.1
.3
6.9
5.6
5.0
.6 -6.3
6.7
2.0
4.9
4.4
4.0
-5.9
1.2 -8.3 -9.8
3.7
5.0
1.1
-2.5 -13.3 -10.9
-4.3
3.8
-8.1
34.6
1991
13.1
1.5 -3.7
9.5 33.0 16.8
3.3 51.7 34.8
6.2 -18.7 -18.0
4.2
-14.2 -1.8
.4
-17.0 -5.5
2.8
3.7
3.9
.7
13.5
3.8 -3.2
.6
9.7
3.9
6.3
6.1
15.0
-.3
1.8
5.5 -3.7
4.2
9.5
3.5
.8
-1.5
.9
.5 -1.3
-1.7
.4
.2
2.0
3.0
10.5 27.6
.4
6.5 21.9
19.0
-.6
-1.9
2.9
1.0
8.4
5.8
2.6
4.0
2.8
-.2
6.5
1.4
5.5
1.9
1.4
-5.8
4.6
Change in business inventories
-8.4
Farm
Nonfarm
-8.6
6.5
-5.0
12.6
9.6
8.7
29.3
13.0
3.8
4.6
5.6
3.8
1.2
0
-4.1
2.7
-9.6
7.0
5.8
7.5
29.3
17.1
-4.7 -7.9
-8.9 -13.7
4.2
5.8
-6.0
-5.8
-.2
7.4 -12.5
-1.2 -15.1
8.6
2.6
-.8
-4.6
3.8
5.0
1.4
3.6
11.7
11.9
-.3
3.3
6.3
-3.0
10.7
3.4
7.3
.7
-2.8
3.6
6.6
.6
6.1
10.1
12.4
-2.3
1.5
5.2
-3.7
1.6
-.5
2.1
1.8
1.1
.7
12.8
5.0
7.7
-2.1
-1.6
- 4
3.2
.8
.4
.4
5.9
1.7
4.2
.7
-1.2
1.8
8.7
5.0
.6
4.4
3.8
4.2
.2
-5.6
5.9
4.0
9.7
5.9
-1.7
7.6
3.8
24.0
18.9
16.6
2.3
5.1
3.0
.8
-.5
1.2
2.3
-7.4 -9.0
1.0
4.4
-2.1 -11.8 -10.0
-.4
4.9
-5.3
5.4
1.6
3.8
2.4
1.2
1.2
Manufacturing
Durable goods
Nondurable goods
-6.2
-8.2
2.0
Wholesale trade
Durable goods
Nondurable goods
3.5
.0
3.5
5.4
3.6
1.8
-4.1
-7.4
3.3
3.9
.6
3.3
-.4
-.6
.2
5.6
4.0
1.6
-.2
-.4
-2.1
-6.6
4.5
-2.0
-.8
-1.3
Retail trade
Durable goods
Automotive
Other
Nondurable goods
1.0
-3.5
-3.4
-.2
4.6
5.9
4.3
-.6
4.9
1.6
1.2
6.2
4.4
1.8
-5.0
Other
Durable goods
Nondurable goods
-7.0
-.2
-6.7
-3.9
3.4
-7.3
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
1993
1992
1992
1.2
3.3
Table 5.12.—Inventories and Final Sales of Domestic Business
by Industry
Table 5.13.—Inventories and Final Sales of Domestic Business
by Industry in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted quarterly totals
1992
Inventoriesl
Farm
Seasonally adjusted quarterly totals
1,087.5 1,093.9 1,098.7 1,099.0 1,119.5 1,119.6
94.8
94.3
94.9
95.1
99.1
1993
1992
1993
95.4
Inventories*
Farm
977.5
980.7
85.5
983.1
985.3
992.6
995.9
87.8
88.1
88.1
87.1
Nonfarm
Durable goods
Nondurable goods
992.7
573.2
419.5
999.6 1,003.8 1,003.9 1,020.4 1,024.2
578.2 580.2 580.9 590.7 592.1
421.4 423.5 423.0 429.7 432.2
Nonfarm
Durable goods
Nondurable goods
892.1
520.1
372.0
893.8
524.0
369.9
895.3
525.5
369.8
897.2
525.3
371.8
904.5
528.6
375.9
529.6
379.2
Manufacturing
Durable goods
Nondurable goods
404.6
258.7
145.9
404.6
257.3
147.3
406.8
256.5
150.3
400.9
251.0
149.9
402.0
250.8
151.2
402.4
250.7
151.7
Manufacturing
Durable goods
Nondurable goods
368.7
237.4
131.3
367.2
236.0
131.2
369.0
235.7
133.3
365.9
231.9
134.0
365.7
230.7
135.0
366.9
231.1
135.8
Wholesale trade
Durable goods
Nondurable goods
239.5
149.1
90.3
243.4
152.3
91.0
244.9
154.2
90.7
247.9
155.4
92.5
249.6
155.9
93.7
251.3
156.6
94.7
Wholesale trade
Durable goods
Nondurable goods
211.3
133.1
78.2
214.2
136.1
78.1
215.1
137.7
77.4
217.7
138.5
79.2
217.9
137.8
80.1
219.6
138.0
81.6
213.4
132.8
80.6
26.1
217.7
137.7
80.0
27.2
16.5
10.7
221.4
139.4
82.0
26.5
16.0
10.4
222.6
139.5
83.1
27.0
16.4
10.6
224.1
140.5
83.7
27.2
16.1
11.1
187.7
118.3
69.4
23.6
14.8
8.8
190.2
190.6
122.7
193.8
124.0
69.8
193.8
123.1
70.6
24.2
14.7
195.3
123.6
71.7
24.3
14.4
9.8
216.8
136.2
80.6
26.6
16.1
10.5
259.8
124.0
62.8
61.2
135.9
264.2
126.0
63.7
62.3
138.2
266.4
126.7
62.3
64.4
139.7
269.5
129.4
62.5
67.0
140.1
280.1
137.0
68.2
68.7
143.1
281.2
138.0
69.3
68.7
143.3
230.8
112.5
58.2
54.3
118.3
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Final sales of domestic business2
Final sales of goods and structures of
domestic business2
16.3
88.8
87.5
85.7
85.6
88.7
89.3
417.3
421.5
426.7
436.9
439.0
445.5
230.1
231.9
234.2
240.5
240.4
243.9
Ratio of inventories to final sales of domestic
business
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Final sales of domestic business2
Final sales of goods and structures of
domestic business2
121.4
68.8
24.0
67.9
24.5
23.9
14.7
15.0
9.3
9.5
9.4
9.5
9.9
232.9
113.7
58.3
55.4
119.2
234.0
113.7
56.9
56.8
120.2
236.4
115.2
56.5
58.7
121.2
242.4
119.9
60.6
59.3
122.5
243.2
120.1
60.5
59.6
123.0
14.6
81.3
79.5
77.2
77.1
78
79.1
351.0
352.3
355.7
361.5
360.4
363.4
201.0
201.8
203.6
208.6
207.0
209.3
2.79
2.54
2.78
2.54
2.76
2.52
2.7;
2.48
2.75
2.51
2.74
2.50
4.44
4.43
4.40
4.30
4.37
4.34
Ratio of inventories to final sales of domestic
business
2.61
2.38
2.60
2.37
2.57
2.35
2.52
2.30
2.55
2.32
2.51
2.30
4.31
4.31
4.29
4.17
4.24
4.20
1. Inventories are as of the end of the quarter.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product
less gross product of households and institutions and general government and includes a small amount of final
sales by farm.
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at
quarterly rates, whereas the constant-dollar change in business 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 product of households and institutions and general government and includes a small amount of final
sales by farm.
September 1993
SURVEY OF CURRENT BUSINESS
Table 6.1 C—National Income Without Capital Consumption Adjustment
by Industry
• 1J
Table 6.16C—Corporate Profits by Industry
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annuai rates
Seasonally adjusted at annual rates
1991
National income
without capital
consumption
adjustment
1992
1991
Corporate profits with inventory
valuation and capital
consumption adjustments
4,649.9 4,880.3 4,795.6 4,849.2 4,873.1 5,003.2 5,071.1 5,133.6
4,635.7 4,873.0 4,776.8 4,844.2 4,865.3 5,005.7 5,070.7 5,134.1
Private industries
3,933.9 4,138.5 4,053.2 4,111.2 4,127.7 4,262.0 4,313.3 4,372.8
Agriculture, forestry, and
fisheries
Mining
Construction
94.3
38.1
206.4
100.9
38.5
212.8
102.7
38.8
207.8
102.2
37.2
212.0
94.4
38.0
213.1
104.3
40.1
218.1
112.5
40.2
219.3
39.3
224.7
Manufacturing
Durable goods
Nondurable goods
847.8
474.7
373.1
895.3
501.7
393.6
867.4
486.4
381.0
894.3
498.6
395.7
900.5
503.1
397.4
919.0
518.8
400.2
909.6
507.6
401.9
925.8
518.0
407.7
347.9
144.8
97.9
356.1
151.0
103.7
355.2
150.9
102.0
352.7
146.8
102.4
355.3
151.7
103.8
361.4
154.4
106.4
369.0
157.4
105.4
370.7
158.9
108.2
Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services
106.7
105.3
101.5
102.2
103.4
99.9
100.6
106.2
103.6
268.5
405.3
283.6
416.7
270.5
410.6
279.6
415.3
286.4
412.5
297.8
428.7
288.2
432.2
299.8
441.1
728.6 748.9 749.2 745.1 733.0 768.3 801.2 805.9
997.0 1,085.8 1,051.0 1,073.1 1,094.6 1,124.4 1,141.1 1,158.9
Government
701.8
734.5
723.5
733.0
737.5
743.8
757.4
761.3
Rest of the world
14.2
7.3
18.8
4.9
7.8
-2.5
.4
-.5
1992
1993
1993
Domestic industries
Transportation and public
utilities
Transportation
Communications
Electric, gas, and
sanitary services ....
1992
Domestic industries
Financial
Nonfinancial
Rest of the world
Receipts from the rest of the world ...
Less: Payments to the rest of the
world
Corporate profits with inventory
valuation adjustment
Domestic industries
Financial
Federal Reserve banks
Other
Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products ....
Industrial machinery and
equipment
Electronic and other electric
equipment
Motor vehicles and
equipment
Other
Nondurable goods
Food and kindred products...
Chemicals and allied
products
Petroleum and coal products
Other
Transportation and public utilities ..
Wholesale and retail trade
Other
Rest of the world
369.5 407.2 409.9 411.7 367.5 439.5 432.1 458.1
302.6 344.9 338.7 350.2 306.0 384.8 373.0 400.0
68.7 66.7 86.4 76.3 33.2 70.7 81.0 85.0
233.9 278.3 252.3 273.9 272.7 314.1 292.1 315.0
66.9
63.5
62.3
65.2
71.2
67.0
61.5
67.9
61.5
65.4
54.7
60.5
59.0
66.7
58.1
71.4
-3.3
3.0
-4.2
6.4
3.8
5.8
7.7
13.3
367.3 390.1 399.7 395.7 350.1 414.8 407.0 433.4
300.4 327.8 328.5 334.2 288.6 360.1 348.0 375,3
80.7 78.1 97.9 87.7 44.6 82.0 92.3 96.4
20.2 17.8 18.8 18.3 17.1 16.7 16.6 16.2
60.4 60.3 79.1 69.4 27.5 65.3 75.7 80.2
219.7 249.8 230.5 246.5 244.0 278.1 255.7 278.9
89.8 115.5 98.9 115.7 119.3 128.0 118.9 132.5
30.9 48.3 39.4 45.8 49.9 58.0 48.0 58.4
_ g
2.5
.0
.9
.3
.6
1.0
1.2
5.6
7.4
6.8
8.1
8.0
6.6
5.5
6.9
5.2
6.6
5.5
6.6
6.5
7.8
5.7
6.2
8.6
-5.6
15.9
59.0
16.6
12.1
3.5
18.1
67.2
17.0
10.0
14.4
59.6
14.5
8.7
4.8
16.6
69.9
19.6
12.2
2.4
20.5
69.4
18.5
17.6
4.9
21.0
70.0
15.2
14.9
3.1
19.4
70.9
18.0
12.1
10.0
20.7
74.2
14.8
14.5
5.8
22.1
54.4
47.4
28.2
66.9
15.7
6.1
28.5
52.0
46.3
36.0
62.3
15.3
4.9
24.9
57.6
40.0
34.0
71.2
14.8
7.7
27.8
51.3
46.0
33.4
61.5
15.0
6.7
29.2
48.7
41.3
34.6
61.5
17.7
5.0
32.1
50.4
57.7
42.0
54.7
18.4
7.2
27.3
53.3
46.0
37.5
59.0
16.3
13.5
29.5
53.9
55.4
37.2
58.1
l8 • September
SURVEY OF CURRENT BUSINESS
Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1987=100]
Seasonally adjusted
1991
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights
Implicit price deflator
Personal consumption expenditures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights.
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
Implicit price deflator
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights.
Benchmark-years weignts ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weignts ..
Implicit price deflator
Gross private domestic investmentCurrent dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
1992
1992
Seasonally adjusted
1993
126.1 133.0 130.2 132.0 133.5 136.4 137.9 139.4
107.1 109.8 108.4 109.2 110.1 111.6 111.9 112.4
107.0 109.5 108.2 109.0 109.8 111.3 111.4 111.9
106.8 109.4 108.0 108.8 109.7 111.1 111.2 111.7
118.2
117.8
117.9
117.7
122.1
121.5
121.7
121.1
120.8
120.3
120.4
120.0
121.8
121.2
121.3
120.9
122.5
121.8
122.0
121.2
123.5
122.6
122.9
122.2
124.8
123.8
124.1
123.3
125.6
124.7
124.9
124.0
128.0 135.6 132.6 134.3 136.2 139.4 140.8 142.8
106.8 109.5 108.2 108.7 109.8 111.3 111.5 112.5
106.5 109.0 107.8 108.3 109.3 110.7 110.9 111.7
106.5 109.1 107.8 108.3 109.4 110.8 110.9 111.8
120.5
120.1
120.1
119.9
124.9
124.4
124.5
123.9
123.4
122.9
122.9
122.5
124.5
123.9
124.0
123.6
125.5
124.9
125.0
124.1
126.5
125.8
125.9
125.3
127.5
126.8
127.0
126.2
128.4
127.7
127.9
127.0
113.4 123.2 119.9 120.8 124.1 128.0 127.6 131.7
105.7 113.1 110.6 110.8 113.7 117.3 116.9 119.9
104.6 111.6 109.3 109.5 112.2 115.5 114.8 117.7
104.6 111.8 109.4 109.6 112.4 115.7 115.0 117.9
109.1
108.4
108.0
107.3
111.5
110.4
110.2
108.9
110.7
109.7
109.5
108.4
111.5
110.4
110.2
109.0
111.8
110.5
110.4
109.1
112.1
110.8
110.7
109.1
112.6
111.2
111.1
109.2
113.5
112.0
111.9
109.8
124.4 128.7 126.4 127.4 129.1 131.7 132.1 133.0
103.7 105.1 104.0 104.3 105.1 107.0 106.4 107.1
103.5 104.9 103.8 104.1 104.9 106.7 106.1 106.8
103.5 104.9 103.8 104.1 104.9 106.7 106.1 106.8
120.5
120.2
120.2
120.0
123.0
122.7
122.7
122.4
122.0
121.7
121.7
121.5
122.7
122.4
122.4
122.1
123.4
123.1
123.1
122.8
123.8
123.5
123.5
123.1
124.9
124.5
124.5
124.1
125.0
124.6
124.7
124.2
133.8 143.0 139.5 141.9 143.5 147.1 149.4 151.7
108.9 111.3 110.2 110.8 111.7 112.5 113.3 113.9
108.8 111.0 109.9 110.5 111.3 112.0 112.8 113.4
108.7 111.0 109.9 110.5 111.4 112.1 112.9 113.5
123.3
123.0
123.0
122.8
129,
128.9
129.1
128.
98.3 106.:
90.2
89.5
89.4
97.8
96.
96.5
127.3
126.9
127.0
126.6
128.8
128.3
128.4
128.1
130.1
129.5
129.8
128.5
131.6
130.9
131.2
130.7
132.8
132.1
132.4
131.8
134.2
133.5
133.8
133.1
100.2 106.7 107.1 111.2 116.7 116.7
92.3
90.8
91.0
98.4
97.1
97.2
98.7 101.8 107.2 107.2
96.7 99.9 104.4 104.1
97.2 100.4 104.9 104.6
103.1 109.1 104.6 108.8 109.6 113.6 116.1 119.1
94.6 100.5
93.6 98.4
93.7 98.9
110.8
110.1
109
109.0
112.0
111.0
110.3
108.6
96.4 100.2 101.0 104.3 107.0 109.3
94.7 98.3 98.6 101.9 103.8 105.9
95.1 98.8
102.6 104.:
106.6
111.2
110.4
109.7
108.5
111.7
110.7
110.0
108.6
112.4
111.2
110.6
108.6
112.8
111.5
110.9
108.9
113.5
112.0
111.4
108.5
114.4
112.7
112.1
108.9
1991
Nonresidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
Residential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Imports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
1992
1993
1992
111.7 113.6 109.9 113.8 114.4 116.4 119.5 124.4
103.4 106.3 102.6 106,2 107.2 109.2 113.0 117.4
102.1 103.3 100.2 103.6 103.9 105.7 108.4 112.4
102.1 104.1 100.8 104.3 104.8 106.7 109.4 113.5
110.2
109.4
108.3
108.0
110.7
109.6
108.6
107.1
112.0
110.1
109.4
106.6
112.4
110.4
109.6
105.7
113.1
110.9
110.1
106.0
111.2
109.9
109.0
107.1
111.7
110.1
109.3
106.6
106.6 100.7 101.5 101.9
99.7
99.9 100.6 103.7
111.4
109.9
109.1
106.9
93.5
93.5
93.5
87.9
87.9
87.9
89.2
89.2
89.2
89.2
89.2
89.2
86.8
86.8
86.4
86.4
86.4
86.5
86.5
86.5
88.2
88.3
88.3
113.9
113.9
113.9
114.0
114.6
114.6
114.6
114.6
113.8
113.9
113.8
113.8
114.2
114.2
114.2
114.2
114.8
114.8
114.8
114.8
115.6
115.6
115.6
115.7
116.3
116.3
116.3
116.3
117.4
117.4
117.4
117.5
114.4 120.3 114.3 120.0 122.0 125.1 129.3 135.3
108.5 116.0 109.6 115.1 118.0 121.2 126.9 132.7
106.8 111.8 106.3 111.4 113.3 116.4 120.4 125.8
106.8 112.8 107.0 112.3 114.4 117.6 121.7 127.1
110.1
107.5
106.7
103.2
110.4
107.6
106.8
102.0
108.3
107.1
105.8
105.4
109.7
107.6
106.7
103.8
109.1
107.5
106.4
104.3
109.6
107.7
106.7
104.2
84.2
99.3
92.8
97.9
99.1 107.4 108.7 107.4
75.3
75.2
75.3
87.5
87.5
87.5
82.7
82.6
82.7
86.9
86.8
86.9
87.1
87.1
87.1
93.5
93.5
93.5
93.8
93.8
93.9
91.6
91.6
91.6
111.9
111.9
111.9
111.8
113.4
113.5
113.4
113.4
112.3
112.3
112.3
112.2
112.8
112.9
112.8
112.8
113.8
113.9
113.8
113.8
114.8
114.9
114.8
114.9
115.8
115.9
115.8
115.8
117.2
117.3
117.2
117.3
110.1
107.8
106.9
103.5
110.9
107.8
107.0
101.9
165.3 176.0 174.1 173.8 176.2 179.9 178.9 181.3
161.6 163.0
149.3 158.8 156.9 156.7 159.2 162;
147.6 155.9 154.7 153.9 155.9 159.0 157.9 159.2
147.9 156.8 155.3 154.8 156.9 160.0 158.9 160.2
112.4
112.0
111.2
110.7
113.7
112.9
112.3
110.8
113.1
112.5
111.8
111.0
113.7
112.9
112.3
110.9
113.9
113.0
112.4
110.7
114.3
113.2
112.6
110.7
114.7
113.4
112.9
110.8
115.5
114.1
113.5
111.3
122.5 132.2 126.4 131.4 134.1 136.8 138.0 143.0
110.9 120.6 115.6 119.9 122.6 124.3 127.8 131.8
108.7 116.6 112.4 116
118.1 119.5 122.3 125.8
120.9 123.7 127.2
109.1 117.7 113.
117.3 119.;
113.8
112.7
111.4
110.4
115.1
113.4
112.3
109.6
113.9
112.;
111.2
109.3
114.
112.9
111.8
109.6
116.:
114.4
113.;
109.3
115.9
114.1
113.0
110.0
114.5
112.5
111.5
108.0
115.6
113.4
112.4
108.5
September 1993
SURVEY OF CURRENT BUSINESS
•
19
Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross Domestic Product—Continued
Table 7.2.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross Domestic Product, Final Sales, and Purchases
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1991
1992
1992
1993
III
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ,
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
Implicit price deflator
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights.
Benchmark-years weights ..
Implicit price deflator
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ..
Implicit price deflator
State and local:
Current dollars
Quantity indexes:
^ Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Seasonally adjusted
1991
107.3 107.2 107.0 106.7 107.8 107.4 105.6 106.8
107.2 107.0 106.9 106.6 107.4 107.2 105.6 106.6
107.0 106.9 106.7 106.4 107.3 107.1 105.4 106.5
120.6
120.0
120.2
119.7
119.3
118.7
118.9
118.6
120.3
119.8
119.9
119.7
121.0
120.3
120.5
119.9
121.7
121.0
121.3
120.8
123.2
122.4
122.6
122.4
124.0
123.2
123.5
123.1
115.8 116.6 115.7 115.5 117.6 117.5 115.0 116.3
100.4
100.1
99.8
116.5
115.8
116.0
115.4
96.6
96.3
96.7
96.6
96.3
95.9
95.9
95.5
97.9
97.3
97.0
97.1
96.8
96.5
92.9
92.9
92.7
93.4
93.4
93.2
121.8
120.7
121.0
120.3
120.6
119.8
120.0
119.7
121.4
120.4
120.8
120.4
122.2
121.0
121.4
120.1
122.8
121.5
122.0
121.1
125.1
123.6
124.1
123.8
125.8
124.3
124.8
124.5
110.4 107.4 106.9 106.3 108.4 108.1 104.4 105.3
96.3
95.4
95.5
89.4
88.6
88.7
89.4
89.0
88.3
87.8
87.7
90.5
89.2
89.3
89.5
88.5
88.6
84.2
83.8
83.9
84.4
84.0
84.1
116.5
115.8
115.6
114.7
122.3
121.2
121.2
120.1
121.0
120.1
120.0
119.6
121.8
121.0
120.9
120.3
122.8
121.6
121.6
119.8
123.5
122.2
122.2
120.8
125.9
124.4
124.5
123.9
126.8
125.3
125.4
124.8
132.9 145.4 143.4 144.5 146.6 147.2 148.4 150.7
113.3 120.4 119.4 119.9 121.2 121.1 120.1 121.7
115.0 122.1 120.9 121.6 123.0 122.9 121.8 123.5
113.6 120.7 119.6 120.2 121.5 121.5 120.4 122.0
116.5
115.6
116.8
117.2
120.2
119.1
120.5
120.8
119.6
118.7
119.9
120.0
119.9
118.9
120.2
120.6
120.3
119.2
120.6
121.0
120.9
119.7
121.2
121.6
122.5
121.6
123.0
123.6
122.5
121.8
123.3
123.9
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights ..
Price indexes:
Fixed 1987 weights
Chain-type annual weiahts
Benchmark-years weights ..
Implicit price deflator
Final sales of domestic product1
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Gross domestic purchases2:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weights ...
Price indexes:
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weignts ...
Implicit price deflator
Final sales to domestic purchasers3
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
IV
126.1 133.0 130.2 132.0 133.5 136.4 137.9 139.4
107.1 109.8 108.4 109.2 110.1
111.9 112.4
107.0 109.5 108.2 109.0 109.8 111.3 111.4 111.9
106.8 109.4 108.0 108.8 109.7 111.1 111.2 111.7
118.2
117.8
117.9
117.7
122.1
121.5
121.7
121.1
120.8
120.3
120.4
120.0
121.8
121.2
121.3
120.9
122.5
121.8
122.0
121.2
123.5
122.6
122.9
122.2
124.8
123.8
124.1
123.3
125.6
124.7
124.9
124.0
127.0 133.6 131.0 132.5 134.0 137.0 138.0 139.9
107.9 110.3 109.2 109.5 110.5 112.1 111.9 112.7
107.7 109.9 108.8 109.2 110.1 111.6 111.3 112.2
107.6 109.9 108.8 109.1 110.0 111.5 111.2 112.1
118.3
117.9
117.9
117.7
122.2
121.6
121.7
121.1
120.8
120.4
120.4
120.0
121.8
121.2
121.4
120.9
122.6
121.9
122.1
121.3
123.6
122.7
122.9
122.2
124.9
123.9
124.2
123.3
125.7
124.7
125.0
124.1
122.6 129.6 126.3 128.7 130.2 133.1 134.7 136.5
104.2 107.2 105.4 106.7 107.6 109.1 109.7 110.6
104.1 106.7 105.1 106.3 107.0 108.4 108.9 109.6
103.9 106.7 105.0 106.3 107.1 108.5 108.9 109.7
118.2
117.8
117.7
117.7
122.0
121.5
121.5
120.9
120.6
120.2
120.1
119.8
121.6
121.1
121.1
120.6
122.5
121.9
121.9
121.0
123.4
122.8
122.8
122.1
124.4
123.8
123.8
122.8
125.3
124.6
124.6
123.5
123.5 130.2 127.1 129.1 130.7 133.6 134.8 137.0
105.0 107.7 106.1 107.0 108.0 109.5 109.7 110.9
104.8 107.1 105.7 106.5 107.4 108.7 108.8 109.9
104.7 107.2 105.7 106.5 107.5 108.9 108.9 110.0
118.2
117.9
117.8
117.6
122.1
121.6
121.5
120.9
120.7
120.3
120.2
119.8
121.7
121.2
121.1
120.7
122.6
122.0
122.0
121.0
123.4
122.8
122.8
122.0
124.5
123.8
123.8
122.8
125.4
124.7
124.7
123.5
1. Equals GDP less change in business inventories.
131.6 137.5 135.5 137.2 138.2 139.2 140.4 143.2
2. Equals GDP less net exports of goods and services or equals
expenditures, gross private domestic investment, and government purchases.
112.7 115.2 115.0 115.1 115.4 115.4 115.5 117.1
112.7 115.0 114.8 114.9 115.2 115.3 115.4 116.8
112.7 115.1 114.8 114.9 115.3 115.3 115.4 116.9
3. Equals gross domestic purchases less change in business inventories or equals the sum of personal
consumption expenditures, gross private domestic fixed investment, and government purchases.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
116.8
116.8
116.7
116.7
119.6
119.6
119.5
119.4
118.2
118.1
118.1
117.9
119.5
119.4
119.3
119.2
120.0
119.9
119.9
119.7
120.9
120.8
120.7
120.6
121.8
121.7
121.6
121.5
122.7
122.6
122.5
122.3
NOTE.—The quantity and price indexes in this table are calculated from weighted averages of the detailed
output and prices used to prepare each aggregate and component. The fixed-weighted measures use as weights
the composition of output in 1987. For the alternative indexes, the chain-type indexes with annual weights use
weights for the preceding and current years, and the indexes with benchmark-years weights use weights of 1959,
1963, 1967, 1972, 1977, 1982, and 1987 and the most recent year. Percent changes from preceding period for
selected items in this table are shown in table 8.1.
1993
III
124.7 128.4 126.9 127.7 129.2 129.8 129.3 131.4
116.7
116.3
116.4
116.2
1992
1992
IV
sum of personal consumption
20 • September 1993
SURVEY OF CURRENT BUSINESS
Table 7.3.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross National Product and Command-Basis Gross National
Product
Table 7.6.—Price Indexes for Fixed Investment by Type, Fixed
1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987-100]
Seasonally adjusted
Seasonally adjusted
1991
1991
126.2 133.0 130.4 131.9 133.5 136.3 137.8 139.2
118.2
117.8i
117.8!
117.7
122.1
121.4i
121.6
121.1
120.7
120.3
120.3
120.0
121.7
121.1
121.3
120.8
122.5
121.7
122.0
121.2
123.4
122.5
122.8
122.2
124.7
123.8
124.0
123.3
125.6
124.6
124.9
124.0
Less: Exports of goods and services
and receipts of factor income:
Current dollars
Quantity index, fixed 1987 weights ...
158.1 163.1 163.8 163.2 163.8 165.7 165.0 168.8
142.1 145.7 145.4 144.7 145.6 147.2 146.3 148.9
Plus: Command-basis exports of
goods and services and receipts
of factor income:
Current dollars
Quantity index, fixed 1987 weights ...
165.3 176.0 174.1 173.8 176.2 179.9 178.9 181.3
141.3. 147.8 147.3 146.1 147.0 147.7 149.4 152.0
Equals: Command-basis gross
national product:
Current dollars
Quantity index, fixed 1987 weights ...
126.2 133.0 130.4 131.9 133.5 136.3 137.8 139.2
107.2 110.1 108.9 109.3 110.3 111.6 112.1 112.6
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.4.—Price Indexes for Personal Consumption Expenditures
by Major Type of Product, Fixed 1987 Weights
[Index numbers, 1987=100]
Personal consumption
expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods ....
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
110.8 112.0 111.2 111.7 112.4 112.8 113.5 114.4
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
Addenda:
Price indexes for personal
consumption expenditures:
Chain-type annual weights
Benchmark-years weights ..
120.5 124.9 123.4 124.5 125.5 126.5 127.5 128.4
109.2 112.2 110.8 111.9 112.7 113.3 113.9 115.3
103.0 104.0 103.8 104.1 103.8 104.2 103.9 104.2
120.5 124.2 123.5 124.5 124.7 124.3 126.1 127.2
120.5 123.0 122.0 122.7 123.4 123.8 124.9 125.0
122.0
117.9
123.3
116.5
128.8
121.5
117.6
120.9
114.7
127.0
121.8
117.6
122.9
115.5
128.5
122.2
118.2
124.8
118.5
129.6
122.7
118.2
124.7
117.3
130.3
123.5
119.8
126.3
116.2
131.4
124.1
112.5
111.0
113.8
128.3
140.9
132.2
122.9
111.2
109.6
112.7
127.0
137.7
129.5
123.7
112.0
110.3
113.4
126.5
140.0
131.5
124.4
112.9
111.4
114.2
127.8
142.0
133.2
125.4
113.9
112.7
114.9
131.9
144.0
134.4
126.5
113.5
112.2
114.6
134.4
145.9
135.4
127.6
115.3
114.2
116.2
134.9
147.9
136.6
120.1 124.4 122.9 123.9 124.9 125.8 126.8 127.7
120.1 124.5 122.9 124.0 125.0 125.9 127.0 127.9
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
124.2
119.0
123.1
117.4
132.2
123.3 129.5 127.3 128.8 130.1 131.6 132.8 134.2
120.2
109.6
108.9
110.3
122.0
132.6
124.4
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
113.9 114.6 113.8 114.2 114.8 115.6 116.3 117.4
Producers' durable equipment
Information processing and related
equipment
Computers and peripheral
equipment1
Other
Industrial equipment
Transportation and related
equipment
Other
108.3 109.7 109.1 109.6 110.1 110.1 110.4 110.9
112.7 113.7 112.8 113.2 114.0 114.8 115.6 116.5
114.4 115.6 114.9 115.4 115.8 116.4 117.3 119.4
125.8 123.5 124.6 123.3 122.9 123.1 122.9 123.6
112.1 110.7 109.4 110.1 110.8 112.6 112.3 113.7
94.4
93.1
93.5
93.3
92.9
92.8
92.7
92.3
67.7 59.6 62.5 60.8 58.3 57.0 55.7 53.6
106.2 107.9 107.3 107.8 108.2 108.5 109.0 109.5
117.6 120.2 118.7 119.8 121.4 120.9 121.1 122.3
113.3 116.8 116.0 116.8 117.1 117.3 118.4 119.1
114.9 117.1 116.1 116.7 117.7 118.0 118.2 119.1
111.9 113.4 112.3 112.8 113.8 114.8 115.8 117.2
Residential
113.0
112.6
110.7
114.2
114.0 115.0 116.1 117.5
Structures
Single family
Multifamily
Other structures
112.1
111.7
112.1
112.8
Producers' durable equipment
104.2 104.9 104.4 105.0 105.2 104.9 104.5 105.4
Addenda:
Price indexes for fixed investment:
Chain-type annual weights
Benchmark-years weights
110.1 111.0 110.4 110.7 111.2 111.5 112.0 112.7
109.3 110.3 109.7 110.0 110.6 110.9 111.4 112.1
113.6
113.4
111.3
114.7
112.5
111.8
110.7
113.9
113.9 115.2 116.2 117.3
111.5 112.5 113.5 114.6
114.9 115.7 116.7 118.7
1. Includes new computers and peripheral equipment only.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
109.1 111.5 110.7 111.5 111.8 112.1 112.6 113.5
120.1
115.4
123.8
121.1
123.8
IV
110.2 111.4 110.7 111.2 111.7 112.0 112.4 113.1
Nonresidential
107.3 109.9 108.7 109.2 110.2 111.5 111.8 112.3
107.2 109.6 108.4 109.0 109.8 111.2 111.3 111.8
107.0 109.5 108.3 108.8 109.7 111.0 111.2 111.7
1993
III
Fixed investment
Gross national product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights..
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights ..
Implicit price deflator
1992
1992
1993
1992
1992
Table 7.9.—Price Indexes for Exports and Imports of Goods
and Services and for Receipts and Payments of Factor Income,
Fixed 1987 Weights
[Index numbers, 1987=100]
Exports of goods and services
Merchandisel
Durable
Nondurable
Servicesl
112.4 113.7 113.1 113.7 113.9 114.3 114.7 115.5
109.6
108.0
112.2
119.3
109.6
109.3
110.2
123.7
109.4
108.8
110.2
122.1
109.8
109.2
110.8
123.1
109.7
109.4
110.1
124.0
109.7
109.8
109.5
125.5
110.0
110.3
109.4
126.2
110.5
111.1
109.3
127.7
Receipts of factor income2
118.7 122.5 121.4 122.3 122.7 123.7 124.9 125.6
Imports of goods and services
113.8 115.1 113.9 114.5 116.3 115.9 114.5 115.6
Merchandise»
Durable
Nondurable
Services *
Payments of factor income3
Addenda:
Price indexes for exports of goods
and services:
Chain-type annual weights
Benchmark-years weights
Price indexes for imports of goods
and services:
Chain-type annual weights
Benchmark-years weignts .
111.3
111.3
111.3
125.1
112.1
112.8
110.7
128.9
110.6
112.3
107.5
128.7
111.5
112.1
110.3
128.1
113.1
113.3
112.7
130.4
113.1
113.5
112.4
128.3
111.6
113.3
108.6
127.5
112.7
114.1
110.3
128.2
120.2 125.0 123.5 124.5 125.3 126.6 127.9 128.9
112.0 112.9 112.5 112,9 113.0 113.2 113.4 114.1
111.2 112.3 111.8 112.3 112.4 112.6 112.9 113.5
112.7 113.4 112.2 112.9 114.4 114.1 112.5 113.4
111.4 112.3 111.2 111.8 113.3 113.0 111.5 112.4
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal
Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
NOTE.— Percent changes from preceding period for selected items in this table are shown in table 8.1.
September 1993
SURVEY OF CURRENT BUSINESS
•
Table 7.10.—Price Indexes for Exports and Imports of Merchandise
by End-Use Category, Fixed 1987 Weights
Table 7.11.—Price Indexes for Government Purchases by Type,
Fixed 1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1991
Exports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capita! goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
1992
1992
Seasonally adjusted
1993
109.6 109.6 109.4 109.8 109.7 109.7 110.0 110.5
114.8
111.2
114.4
109.8
104.8
117.4
67.0
113.6
110.2
115.0
113.1
116.7
112.4
112.4
112.4
114.5
108.3
116.5
104.6
105.8
122.1
58.9
116.5
112.3
118.0
114.5
120.9
113.0
113.0
113.0
117.1
106.8
113.6
103.8
105.8
121.1
61.9
115.8
111.7
117.4
115.3
119.3
112.5
112.5
112.5
116.5
108.1
115.4
104.8
105.9
121.6
60.2
116.4
112.0
117.8
114.1
121.0
113.0
113.0
113.0
112.6
109.4
118.2
105.4
105.7
122.4
57.4
116.7
112.3
117.8
113.8
121.4
113.0
113.0
113.0
111.7
108.8
118.7
104.4
105.8
123.5
56.3
117.0
113.0
118.8
115.0
122.1
113.4
113.4
113.4
113.1
109.1
122.3
103.1
105.8
124.6
54.9
117.1
113.3
119.6
115.4
123.3
113.4
113.4
113.4
113.1
110.4
127.5
102.6
106.0
125.4
52.7
117.9
113.3
119.7
114.9
123.9
114.1
114.1
114.1
111.3 112.1 110.6 111.5 113.1 113.1 111.6 112.7
108.5 108.1 111.7 107.1 106.3 107.2 105.7 106.6
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
115.3
115.3
115.2
105.3
106.5
117.3
69.7
114.0
112.7
114.7
113.9
115.7
113.1
113.1
113.1
Addenda:
Exports of agricultural productsl
Exports of nonagricultural products ...
Imports of nonpetroleum products
113.0 111.5 113.1 112.8 110.3 109.8 111.1 110.5
109.1 109.4 108.9 109.4 109.6 109.7 109.8 110.5
112.0 113.4 113.1 112.6 113.7 114.2 113.4 114.3
1. Includes parts of line 2, 5, and line 13.
114.2
115.3
113.1
100.8
107.3
122.2
61.4
116.5
114.8
118.3
116.9
120.1
114.7
114.7
114.7
113.8
114.4
113.2
88.7
107.1
121.1
63.9
115.7
114.4
117.2
116.1
118.6
114.1
114.1
114.1
114.1
115.8
112.3
101.6
106.2
121.6
62.1
114.9
114.0
117.3
116.2
118.7
113.8
113.8
113.8
114.6
116.2
113.0
107.7
108.1
122.4
60.6
117.6
114.9
119.0
117.5
120.8
115.0
115.0
115.0
114.4
114.7
114.0
104.0
108.0
123.5
59.0
117.8
115.9
119.8
117.9
122.3
115.8
115.8
115.8
21
114.8
117.6
111.9
95.5
106.9
124.6
57.8
116.5
115.1
118.8
117.9
119.8
114.8
114.8
114.8
115.0
117.4
112.4
99.1
107.7
125.4
56.3
117.8
116.5
119.7
118.7
120.9
115.8
115.8
115.8
1991
Government purchases .
Federal.
1992
1992
1993
116.7 120.6 119.3 120.3 121.0 121.7 123.2 124.0
116.5 121.8 120.6 121.4 122.2 122.8 125.1 125.8
National defense
Durable goods
Nondurable goods
Services
Compensation of employees.
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit Corporation
inventory change
Other nondurables
Services
Compensation of employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures
Addenda:
Price indexes for government
purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal national
defense purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for Federal nondefense
purchases:
Chain-type annual weights
Benchmark-years weights
Price indexes for State and local
purchases:
Chain-type annual weights
Benchmark-years weights
116.5
111.2
121.5
118.7
122.5
122.1
123.4
113.3
117.8
122.3
113.7
115.6
127.1
134.6
136.6
130.6
116.4
114.0
121.0
113.0
111.2
125.6
133.1
134.8
129.6
115.0
113.6
121.8
112.7
114.9
127.0
134.9
137.3
130.1
115.8
113.1
122.8
113.6
118.5
127.8
135.4
137.6
130.8
117.1
113.2
123.5
115.3
117.8
128.0
135.1
136.6
132.0
117.8
116.2
125.9
117.1
113.0
131.2
140.6
142.3
137.1
117.8
117.2
126.8
117.9
115.9
132.1
141.7
143.3
138.3
118.5
117.4
116.5 120.2 119.6 119.9 120.3 120.9 122.5 122.5
106.0 101.2 103.3 103.0 101.7 96.9 94.0 94.0
106.6
119.5
122.4
115.4
113.2
107.9
124.5
129.3
117.9
113.7
107.9
123.9
128.4
117.7
112.8
109.3
124.0
128.7
117.6
113.3
108.4
124.5
129.4
117.8
113.9
106.0
125.5
130.6
118.4
114.8
106.0
128.0
135.2
118.1
115.1
106.3
128.3
135.7
118.1
116.2
116.8
111.2
115.1
118.6
122.4
77.6
110.5
119.6
113.2
115.4
122.6
127.5
69.3
109.5
118.2
112.5
113.8
121.2
125.7
72.5
107.7
119.5
113.2
116.4
122.5
127.3
69.3
108.7
120.0
113.5
116.6
122.9
127.9
68.5
109.9
120.9
113.6
114.9
124.0
129.2
67.0
111.6
121.8
114.5
116.2
125.0
130.6
63.9
111.5
122.7
115.4
117.9
125.7
131.6
60.3
113.0
116.3 120.0 118.7 119.8 120.3 121.0 122.4 123.2
116.4 120.2 118.9 119.9 120.5 121.3 122.6 123.5
115.8 121.2 120.1 121.0 121.6 122.2 124.4 125.3
115.6 121.2 120.0 120.9 121.6 122.2 124.5 125.4
115.6 119.1 118.7 118.9 119.2 119.7 121.6 121.8
116.8 120.5 119.9 120.2 120.6 121.2 123.0 123.3
116.8 119.6 118.1 119.4 119.9 120.8 121.7 122.6
116.7 119.5 118.1 119.3 119.9 120.7 121.C 122.5
22 • September 1993
SURVEY OF CURRENT BUSINESS
Table 7.12.—Price Indexes for National Defense Purchases, Fixed
1987 Weights
Table 7.14.—Implicit Price Deflators for Gross Domestic Product
by Sector
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
Seasonally adjusted
1991
1992
1992
1991
1993
1993
1992
1992
III
National defense purchases.
116.5 122.3 121.0 121.8 122.8 123.5 125.9 126.8
111.2 113.7 113.0 112.7 113.6 115.3 117.1 117.9
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment..
Other
Other durable goods
111.6
114.3
99.2
116.3
114.8
107.2
115.4
106.9
114.4
118.4
98.6
118.4
120.9
109.2
116.6
106.5
113.6
117.2
100.2
117.9
118.9
108.0
115.0
106.8
113.3
116.1
98.5
118.3
119.6
109.7
117.0
106.5
114.4
118.5
98.4
118.3
121.0
109.5
116.5
106.3
116.2
121.8
97.4
119.2
124.1
109.6
117.9
106.3
118.2
124.8
99.1
120.7
126.0
109.7
118.2
106.3
119.1
125.3
99.9
121.4
130.8
109.6
118.2
106.2
121.5 115.6 111.2 114.9 118.5 117.8 113.0 115.9
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of employees.
Military
Civilian
Other services
Contractual research and
development
Installation support*
Weapons support2
Personnel support3
Transportation of material .
Travel of persons
Other
Addenda:
Price indexes for national defense
purchases:
Chain-type annual weights
Benchmark-years weights
120.2
118.9
132.5
104.3
119.9
121.2
120.8
124.5
104.9
120.9
122.1
121.6
126.9
107.1
121.8
122.8
122.3
126.8
109.3
122.5
121.2 127.7 125.3 127.3 128.2 129.8 131.3 131.3
111.5 115.7 113.9 115.0 116.4 117.4 117.9 118.7
121.6 128.2 125.8 127.8 128.7 130.4 131.9 131.9
118.7 127.1 125.6 127.0 127.8 128.0 131.2 132.1
Addendum:
Gross domestic business product
less housing
122.5
122.1
123.4
113.3
134.6
136.6
130.6
116.4
133.1
134.8
129.6
115.0
134.9
137.3
130.1
115.8
135.4
137.6
130.8
117.1
135.1
136.6
132.0
117.8
140.6
142.3
137.1
117.8
141.7
143.3
138.3
118.5
108.9
112.6
115.5
126.8
102.4
112.6
111.9
113.5
120.5
134.7
104.6
110.6
110.0
112.2
118.9
132.7
104.5
112.4
111.7
112.7
119.7
132.6
105.5
110.2
112.3
114.5
121.1
136.6
104.1
108.5
113.5
114.5
122.1
136.8
104.5
111.3
113.8
113.8
123.1
134.9
104.9
115.6
113.6
115.4
124.0
136.4
104.8
115.6
[Index numbers, 1987=100]
117.7 121.1 120.0 120.9 121.2 122.2 123.3 124.0
118.7 122.5 121.4 122.3 122.7 123.7 124.9 125.6
119.9 124.8 123.4 124.2 125.1 126.3 127.7 128.4
117.7 121.1 120.0 120.8 121.2 122.2 123.3 124.0
Less: Consumption of fixed capital
110.0 110.6 109.9 110.3 111.0 111.0 111.5 111.9
Equals: Net national product
118.7 122.5 121.3 122.2 122.7 123.6 124.8 125.5
Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises ....
Statistical discrepancy
127.8 131.3 130.8 130.4 132.9 131.0 127.7 132.1
117.0 119.8 118.9 119.6 119.9 120.9 121.8 122.5
Equals: National income
117.8 121.6 120.4 121.4 121.7 122.9 124.5 124.9
Addenda:
Net domestic product
Domestic income
118.7 122.5 121.4 122.3 122.7 123.7 124.9 125.6
117.8 121.7 120.5 121.5 121.7 123.0 124.6 125.0
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2, Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
119.9
119.6
122.9
105.5
119.6
122.5 132.8 131.6 132.8 133.3 133.5 138.6 139.5
122.3 127.4 125.6 127.2 127.7 129.0 130.4 131.4
Table 7.13.—Implicit Price Deflators for the Relation of Gross
Domestic Product, Gross National Product, Net National Product,
and National Income
Equals: Gross national product
119.1
118.7
122.2
109.8
118.9
122.3 129.0 127.4 128.9 129.4 130.3 132.8 133.8
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
Plus: Receipts of factor income from
the rest of the world 1
Less: Payments of factor income to the
rest of the world 2
Private households
Nonprofit institutions
120.1
119.5
125.5
106.1
119.8
Federal
State and local
115.8 121.2 120.1 121.0 121.6 122.2 124.4 125.3
115.6 121.2 120.0 120.9 121.6 122.2 124.5 125.4
Gross domestic product
Households and institutions
117.1
116.8
119.8
112.0
117.0
General government
109.4 106.1 107.3 105.2 104.4 107.5 108.1 108.0
133.2 128.6 125.0 127.7 129.4 132.2 133.9 134.8
Military facilities
Other
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
117.7 121.1 120.0 120.9 121.2 122.2 123.3 124.0
117.0 119.8 118.9 119.6 119.9 120.9 121.8 122.5
132.6 119.7 107.9 116.6 130.1 124.2 111.1 119.7
109.2 108.5 106.9 108.8 106.7 111.5 111.3 111.1
120.9 117.9 118.8 118.9 117.0 116.8 116.7 116.2
117.8 114.0 113.6 113.1 113.2 116.2 117.2 117.4
Structures
Gross domestic product
Business
IV
116.7 119.3
Table 7.15.—Current-Dollar Cost and Profit Per Unit of ConstantDollar Gross Domestic Product of Nonfinancial Corporate Business
[Dollars]
Current-dollar cost and profit
per unit of constant-dollar
gross domestic product' ..
Consumption of fixed capital
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees
Corporate profits with inventory
valuation and capital
consumption adjustments
Profits tax liability
Profits after tax with inventory
valuation and capital
consumption adjustments
Net interest
1.137 1.149 1.145 1.148 1.149 1.154 1.162 1.164
.126
.125
.125
.124
.129
.122
.124
.123
1.011 1.024 1.020 1.024 1.021 1.032 1.037 1.041
.115
.896
.758
.116
.908
.762
.117
.903
.762
.116
.909
.762
.116
.905
.762
.116
.916
.761
.116
.921
.772
.118
.923
.770
.031
.099
.035
.091
.033
.036
.096
.034
.109
.037
.102
.037
.108
.040
.056
.052
.064
.048
.059
.050
.062
.049
.062
.047
.072
.046
.065
.047
.046
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point
shifted two places to the left.
September 1993
SURVEY OF CURRENT BUSINESS
•
2$
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
1991
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Personal consumption expenditures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross private domestic investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Nonresidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ..
Benchmark-years weights ....
Price indexes:
Fixed 1987 weights
Chain-type annual weights ..
Benchmark-years weights ....
3.2
1992
1992
Seasonally adjusted at annual rates
1993
5.5
7.4
5.7
4.6
9.2
4.4
4.3
2.6
2.3
2.4
3.5
3.2
3.4
2.8
3.0
2.9
3.4
3.0
3.1
5.7
5.5
5.5
.8
.4
.4
1.9
1.8
1.8
4.1
4.0
4.0
3.3
3.1
3.2
4.2
4.1
4.1
3.4
2.9
3.3
2.5
2.0
2.3
3.1
2.8
2.9
4.3
4.1
4.1
2.8
2.7
2.7
3.9
6.0
8.6
5.4
5.7
9.9
3.8
6.1
-.4
-.5
-.5
2.6
2.3
2.5
4.3
4.0
4.2
1.8
1.8
1.8
4.2
3.8
4.0
5.6
5.1
5.2
.8
.6
.6
3.4
3.2
3.2
4.5
4.4
4.5
3.7
3.6
3.6
4.5
4.3
4.4
3.6
3.5
3.6
3.4
3.2
3.3
3.1
2.9
3.0
3.4
3.3
3.3
2.9
2.9
2.9
-2.2
8.6
17.2
3.2
11.2
13.1
-1.0
13.3
-3.7
-4.4
-4.2
7.0
6.7
6.8
14.7
14.6
14.7
10.7
10.4
10.7
13.2
12.1
12.2
-1.3
-2.2
-2.2
10.8
10.4
10.4
2.6
2.3
2.3
2.2
1.8
2.0
2.6
2.3
2.4
2.9
2.4
2.7
1.1
.7
1.1
1.0
1.1
1.8
1.4
1.4
3.3
2.8
2.8
2.3
3.4
5.9
3.2
5.5
8.2
1.1
2.9
-1.2
-1.3
-1.2
1.4
1.4
1.4
3.1
3.0
3.1
1.1
1.1
1.1
3.0
3.0
3.1
7.3
7.0
7.0
-2.1
-2.2
-2.2
2.7
2.5
2.5
3.7
3.6
3.6
2.1
2.0
2.1
2.8
2.8
2.8
2.2
2.1
2.2
2.5
2.4
2.5
1.3
1.1
1.2
3.5
3.4
3.4
.5
.4
.4
6.1
6.9
8.4
7.1
4.7
10.1
6.4
6.3
2.2
2.0
2.1
2.6
2.4
2.5
2.4
2.3
2.4
3.3
2.9
3.1
2.9
2.6
2.8
3.1
2.8
2.8
2.1
2.0
2.0
5.5
5.4
5.4
5.0
4.8
4.9
6.0
5.7
5.8
4.6
4.5
4.6
4.4
4.1
4.3
4.6
4.4
4.5
3.7
3.7
3.7
4.3
4.2
4.2
-8.9
8.1
-.8
28.7
1.3
16.4
21.1
-9.5
-10.2
-10.0
8.5
7.4
7.9
-.3
-1.7
-1.1
28.9
30.5
30.0
1.4
-1.4
-.1
13.3
13.8
13.8
22.7
.3
19.3 -1.2
19.3 -1.2
6.8
17.4
2.9
15.3
9.2
10.6
6.2
5.1
5.6
3.1
1.2
1.7
14.0
14.1
14.3
10.7
5.7
6.3
16.9
16.1
16.5
7.7
7.7
9.0
8.2
8.2
1.5
1.3
1.2
1.1
.8
.9
1.1
1.0
1.1
1.7
1.1
1.4
2.5
1.7
2.0
1.7
1.1
1.2
2.2
1.7
1.7
3.3
2.7
2.7
-5.2
1.7
2.8
14.9
2.1
7.4
10.9
17.4
-5.9
-6.5
-6.3
2.9
1.2
2.0
3.5
1.8
2.7
15.1
13.9
14.6
3.8
1.2
1.!
7.6
7.4
7.6
14.4
10.3
10.3
16.6
16.0
16.0
1.7
1.4
1.3
1.1
.5
.7
1.1
.9
1.6
1.0
1.2
2.0
.9
1.3
1.6
1.0
1.0
2.5
1.8
1.8
-7.0
5.8
-7.7
-8.2
-8.1
.9
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Residential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ...,
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights
Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Imports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights
1991
1992
-9.4
-5.5
5.2
-10.8
-10.7
-10.7
-6.0
-6.0
-6.0
4.9
4.8
5.0
1.4
1.4
1.4
1992
1.4
1993
-8.2
.3 -10.3
.2 -10.3
.1 -10.4
3.1
12.6
-2.1
-1.9
-1.9
.5
.6
.6
8.1
8.4
8.4
.4
.4
.4
1.1
1.2
1.2
2.3
2.3
2.3
2.7
2.8
2.8
2.5
2.4
2.4
3.8
3.9
3.9
-3.1
5.3
1.7
21.5
7.0
10.3
14.3
19.7
-3.5
^4.4
-4.1
6.9
4.7
5.7
2.8
.5
1.7
22.0
20.8
21.5
10.2
6.7
7.7
11.5
11.6
11.9
19.9
14.5
14.5
19.8
19.1
19.1
1.9
1.4
1.3
1.3
.5
1.5
1.1
1.3
1.9
.7
1.3
1.8
.4
-.2
-1.1
—9
-11.9
17.9
18.3
24.4
5.0
37.5
5.2
-4.8
-12.9
-12.9
-12.9
16.3
16.3
16.3
16.8
16.8
16.8
21.8
21.9
21.9
1.2
1.3
1.3
32.8
32.9
32.8
1.5
1.6
1.6
-9.5
-9.4
-9.4
1.1
1.1
1.1
1.3
1.4
1.4
1.1
1.4
1.2
1.8
1.9
1.9
3.6
3.6
3.6
3.7
3.6
3.6
3.5
3.4
3.4
5.0
5.1
5.1
8.0
6.5
5.2
-2.1
5.5
6.4
5.8
6.0
6.4
5.6
6.0
4.9
4.3
4.6
8.1
8.2
-2.4
-2.7
-2.7
3.6
3.3
3.3
2.2
2.0
2.0
1.2
.8
1.0
-1.2
7.9
-.5
-1.7
-1.3
8.7
7.2
7.9
1.3
.5
.6
1.2
.6
5.0
3.0
1.5
1.3
1.3
-.1
-.2
-.2
3.6
3.6
3.5
5.6
1.8
-2.1
-1.4
6.5
5.4
5.6
2.1
1.5
1.8
.7
.3
.4
1.4
1.5
2.8
2.4
2.4
1.2
17.0
8.4
8.2
3.6
15.3
3.8
2.0
2.9
15.9
14.5
15.3
9.2
6.4
7.2
5.6
5.0
5.2
11.6
9.8
9.8
13.3
11.8
11.8
-1.3
-1.0
2.1
2.2
2.2
6.3
5.4
5.5
-1.3
-1.0
-1.0
-4.7
-5.3
-5.3
3.8
3.2
3.2
2.6
4.8
1.7
-1.4
6.8
3.0
2.7
2.8
-1.0
-1.0
-1.0
4.1
3.1
3.3
-1.4
-6.4
-5.9
-5.9
4.3
4.0
4.0
3.4
3.1
3.2
4.2
4.1
4.1
3.6
3.6
3.6
2.1
1.8
1.9
2.6
2.5
2.5
5.0
4.6
4.6
2.6
2.7
2.7
4.5
.7
7.6
7.6
-.4
-8.3
4.4
.4
.4
-3.5
-3.4
-3.5
-.1
-.1
-3.1
-3.1
-3.1
8.7
6.0
6.5
-3.5 -16.2
-2.1 -15.0
-2.1 -15.0
2.0
2.2
2.2
4.2
4.1
4.1
4.5
4.2
4.4
7.2
7.7
7.5
2.5
2.3
2.4
2.7
1.8
2.1
7.5
7.2
7.2
2.3
2.3
2.3
2.7
-2.7
1.4
-2.4
8.4
-1.3 -13.1
3.7
-7.1
-7.1
-7.1
-5.5
-5.7
-5.6
-5.0
-5.4
-5.1
10.5
6.6
7.3
-4.6 -21.4
-3.0 -19.6
-2.9 -19.6
.7
-1.1
-1.0
3.9
3.9
3.8
4.9
4.7
4.8
7.1
7.7
7.4
3.0
2.9
2.9
3.2
2.1
2.5
2.1
1.8
2.0
2.1
1.8
1.9
8.1
7.6
7.6
3.0
2.9
2.9
SURVEY OF CURRENT BUSINESS
24 • September 1993
Table 8.1.—Percent Change From Preceding Period in Selected
Series—Continued
Table 8.2.—Selected Per Capita Product and Income Series in
Current and Constant Dollars and Population of the United States
[Percent)
[Dollars]
Seasonally adjusted at annual rates
1991
1992
1992
Seasonally adjusted at annual rates
1993
1991
1992
1992
I
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights...
Benchmark-years weights
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Addenda:
Final sales of domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross domestic purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Final sales to domestic purchasers:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Gross national product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
9.4
23.7
3.3
5.8
4.9
4.7
4.5
6.2|
6.2
6.2
14.5
14.4
14.4
1.5
2.5
2.0
4.4
4.5
4.6
5.2
4.8
4.9
3.1'
3.1
3.1
7.6
7.9
7.7
1.1
.7
1.0
1.2
.9
1.1
3.6
6.2
-.4
-.1
-.1
-3.2
-3.5
-3.5
5.5
5.5
5.5
1.9
1.9
1.9
5.7
6.3
6.3
5.2
4.5
6.3
5.0
3.0
3.1
3.3
8.3
2.0
2.0
2.0
2.2
2.1
2.1
5.0
4.6
4.7
.4
.4
.4
1.2
1.2
1.2
.0
.1
.1
.3
.4
.4
5.6
5.2
5.2
3.2
3.2
3.2
2.5
2.4
2.4
1.9
1.1
1.8
4.4
4.4
4.5
1.7
1.8
1.8
2.9
2.9
2.9
3.0
2.9
2.9
2.9
3.0
3.0
3.5
5.2
8.5
4.4
4.9
9.1
2.9
5.7
-.4
-.5
-.5
2.3
2.0
2.1
4.5
4.2
4.4
1.4
1.4
1.3
3.7
3.4
3.4
5.8
5.6
5.5
-.8
-1.1
-1.1
3.2
3.0
3.0
4.1
4.0
4.0
3.3
3.1
3.2
4.2
4.1
4.2
3.4
2.9
3.3
2.5
2.0
2.3
3.2
2.7
2.8
4.3
4.1
4.1
2.8
2.7
2.7
2.2
5.7
7.0
7.6
4.9
9.1
5.0
5.4
-1.4
-1.6
-1.5
2.9
2.5
2.7
3.4
3.0
3.2
4.7
4.6
4.7
3.8
3.0
3.3
5.4
5.1
5.1
2.5
1.7
1.7
3.1
2.7
2.7
3.9
3.9
3.8
3.3
3.1
3.2
3.9
3.8
3.9
3.3
3.2
3.3
3.0
2.7
2.8
2.8
2.7
2.7
3.5
3.4
3.4
2.9
2.8
2.8
2.5
5.4
8.0
6.3
5.2
9.0
3.5
6.8
-1.2
-1.3
-1.2
2.5
2.2
2.4
4.4
3.9
4.2
3.3
3.0
3.2
4.0
3.4
3.6
5.5
5.2
5.2
.3
.3
4.4
4.0
4.0
3.9
3.8
3.8
3.3
3.1
3.2
3.9
3.9
3.9
3.3
3.2
3.3
3.0
2.7
2.8
2.8
2.7
2.7
3.5
3.3
3.3
2.9
2.8
2.8
3.0
5.4
7.9
4.7
4.8
8.5
4.6
4.2
-.9
2.5
2.2
2.3
4.0
3.7
3.9
1.9
2.1
1.9
3.6
3.2
3.3
5.0
4.9
4.8
1.0
.6
.6
1.9
1.7
1.7
4.1
4.0
4.0
3.3
3.1
3.2
4.2
4.1
4.1
3.4
2.9
3.3
2.5
2.0
2.2
3.1
2.7
2.8
4.3
4.1
4.1
2.8
2.7
2.7
2.7
4.4
1.7
3.6
4.7
1.9
1.9
6.4
2.9
8.5
4.2
6.8
3.1
3.4
1.9
15.1
10.6
-5.1
-7.8
8.5
5.8
.1
NOTE.—Except for disposable personal income, the quantity and price indexes in this table are calculated from
weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixedweighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type
indexes with annual weights use weights •or the preceding and current years, and the indexes with benchmarkyears weights use weights of 1959, 1963, 1967, 1972, 1977, 1982, and 1987 and the most recent year.
1993
III
IV
I
II
Current dollars:
9.7
Command-basis gross national
product:
Quantity index, fixed 1987 weights
Disposable personal income:
Current dollars
1987 dollars
II
Gross domestic
product
product
Personal income .
Disposable
personal
income
consumption
expenditures ...
Durable goods
goods
Services
22,647
23,637
23,227
23,487
23,685
24,143
24,346
24,538
22,703
19,196
23,665
20,139
23,301
19,725
23,507
19,969
23,716
20,090
24,134
20,767
24,347
20,430
24,536
20,837
16,741
17,615
17,245
17,481
17,577
18,153
17,876
18,196
15,459
1,812
16,205
1,947
15,906
1,902
16,072
1,912
16,249
1,958
16,589
2,013
16,704
2,004
16,907
2,062
4,978
8,669
5,092
9,166
5,024
8,980
5,050
9,110
5,104
9,187
5,190
9,385
5,192
9,508
5,215
9,631
19,238
19,518
19,348
19,430
19,537
19,754
19,744
19,786
19,290
19,548
19,415
19,453
19,569
19,755
19,754
19,793
13,965
14,219
14,073
14,142
14,169
14,490
14,163
14,326
12,895
1,688
13,081
1,787
12,981
1,756
13,002
1,754
13,098
1,794
13,241
1,845
13,234
1,835
13,312
1,878
4,148
7,059
4,161
7,133
4,135
7,090
4,136
7,112
4,154
7,149
4,216
7,179
4,184
7,216
4,200
7,234
Constant (1987)
dollars:
Gross domestic
product
product
Disposable
personal
income
consumption
expenditures ...
Durable goods
Mnnrinrahlp
goods
Services
Population (midperiod,
thousands)
252,699 255,472 254,392 255,090 255,836 256,569 257,197 257,872
SURVEY OF CURRENT BUSINESS
September 1993
Table 8.3—Auto Output
Table 8.4.—Auto Output in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1991
1992
1992
1991
121.1 133.5 132.2
116.2 126.7 126.1
79.5 87.3 87.6
38.7 39.5 38.4
37.1 37.6 37.1
60.4 62.2 59.3
-23.3 -24.6 -22.3
-33.9 -32.8 -32.8
11.7 14.3 12.6
45.6 47.0 45.4
2.0
1.9
1.8
132.3
124.5
85.3
39.2
39.2
64.9
-25.7
-33.6
13.4
47.0
2.2
-6.6
-4.0
-2.6
5.6
5.0
.6
Change in business inventories of
new and used autos
New
Used...,
Addenda:
Domestic output of new autos l
Sales of imported new autos 2
-.3
.3
-.6
95.3 104.1
56.3 60.1
132.4 137.2 131.4 140.8
125.4 130.9 127.7 133.6
85.8 90.3 86.8 90.3
39.5
40.6
40.9
43.3
36.9 37.1 36.9 42.2
61.8 62.7 61.8 72.6
-24.9 -25.6 -24.9 -30.4
-32.1 -32.6 -35.3 -37.0
15.2 15.9 14.5 14.9
47.4 48.4 49.8 51.8
2.2
2.1
2.0
1.8
.6
1.0
-.4
1992
1992
1993
IV
121.1 133.2 125.6 137.9 133.0 136.4 142.8 145.9
Auto output
Final sales
Personal consumption expenditures ..
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
25
Seasonally adjusted at annual rates
1993
HI
•
-.7
-.1
11.4
12.0
-.7
5.0
1.6
3.5
98.2 107.1 103.1 108.0 114.6 111.9
58.6 61.2 60.1 60.5 59.6 65.5
Auto output
109.5 117.4 110.9 121.8 116.8 120.1 122.5 123.4
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
,
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
109.9
107.7
72.7
35.1
32.8
55.2
-22.4
-32.1
10.6
42.8
1.6
Change in business inventories of
new and used autos
New
Used
117.8 118.5 117.1 116.2 119.6
113.9 115.2 112.4 112.0 115.8
77.9 79.0 76.3 76.3 79.9
36.0 36.3 36.2 35.7 35.9
32.8 32.1 34.1 32.3 32.7
55.5 53.5 58.0 54.9 55.5
-22.7 -21.3 -23.9 -22.6 -22.8
-30.5 -30.4 -31.3 -30.0 -30.4
12.7 11.3 11.9 13.5 14.1
43.3 41.8 43.3 43.5 44.5
1.7
1.9
1.9
1.6
1.5
-.4
.1
Addenda:
Domestic output of new autos l
Sales of imported new autos 2
86.9
51.4
92.8
53.6
-7.6
-5.1
-2.5
4.7
4.1
87.2
52.8
95.3
54.7
114.0
112.2
76.5
35.7
32.6
54.5
-21.9
-32.6
12.8
45.5
121.2
115.5
78.9
36.6
37.5
63.5
-26.0
-33.5
13.1
46.6
1.7
2.2
-.7
3.0
96.5
57.3
1.0
-.4
-11
8.5
9.1
-.6
91.8
53.5
96.8
53.6!
99.9
52.5
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
Table 8.5.—Truck Output
Table 8.6.—Truck Output in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Truck outputl
67.9
83.3
77.3
81.0
81.4
93.7 100.0
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
69.4
36.2
30.7
-3.8
82.2
43.3
37.1
-5.1
72.0
38.8
33.8
-6.5
82.4
42.4
35.6
-4.5
82.3
44.2
37.8
-4.8
92.0
47.8
41.1
-4.6
5.4
9.2
6.2
5.6
4.6
6.1
5.4
6.0
10.7
11.1
10.6
10.2
10.7
6.9
5.9
8.8
5.1
7.7
Change in business inventories
-1.5
1.2
5.4
-1.4
-.9
1.7
1. Includes new trucks only.
97.0
92.4 102.0
49.7 52.0
45.3 48.2
-6.7 -6.4
5.2
5.7
11.9 12.1
8.2
4.1
7.7
-5.0
Truck outputl
60.4
71.4
67.3
69.4
69.3
79.5
83.7
80.2
Final sales
Personal consumption expenditures ..
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
61.7
32.0
27.5
-3.4
70.4
37.1
31.8
-4.4
62.6
33.7
29.5
-5.7
70.7
36.4
30.6
-3.8
70.1
37.6
32.2
-4.1
78.1
40.7
34.8
-3.9
77.3
42.0
37.6
-5.7
4.8
8.2
5.6
4.8
9.1
5.9
4.0
9.7
5.1
5.3
9.1
7.6
4.6
8.6
4.4
5.1
9.1
6.6
10.1
84.2
43.3
39.6
-5.4
4.6
10.0
6.7
Change in business inventories
-1.3
1.0
4.7
-1.3
-.8
1.4
6.3
1. Includes new trucks only.
4.4
3.4
26
SURVEY OF CURRENT BUSINESS
• September 1993
NIPA
Charts
REAL GDP AND ITS COMPONENTS: TRENDS AND CYCLES
Dec Nov.
P T
Nov. Mar.
P
T
eqKl Is of good s and servi ses—
1965 66 67
68
70
I I I I t I 11 i l ? 4 ¥ t % l I M I I 11 I I I I I 11 I I I I I I I I I 11 I I I I I
71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88
90 91 92 1993
September
SURVEY OF CURRENT BUSINESS
SELECTED SERIES: RECENT QUARTERS
Percent change
Percent change
10
GROSS DOMESTIC PURCHASES PRICE INDEX
(FIXED WEIGHTS)'
10
REAL GROSS DOMESTIC PRODUCT'
II
(
ll.JJllft.1
-10
1990
1991
1992
1993
Percent change
10
1990
Illllllll
1991
1992
1993
Billion $
500
CORPORATE PROFITS WITH IVAANDCCAdj:
REAL GROSS DOMESTIC PURCHASES'
400
li
„! lllllf
-5
300 !
200
-10
100
1990
1991
1992
1993
1990
1991
1992
1993
1993
1990
1991
1992
1993
Percent change
10
REAL DISPOSABLE PERSONAL INCOME '
I
1
1 0 6
ill I
-5 I
-10
1990
1991
1992
1. Percent change at annualratefrom preceding quarter, based on seasonally adjusted estimates.
2. Seasonally adjusted annualrate;IVA is inventory valuation adjustment and CCAdj is capital consumption adjustment.
3. Personal saving as percentage of disposable personal income; based on seasonally adjusted estimates.
U.S. Department of Commerce. Bureau of Economic Analysis
2J
28 • September 1993
SURVEY OF CURRENT BUSINESS
Reconciliation and Other Special Tables
Table 1.—Reconciliation of Changes in BEA-Derived Compensation Per Hour with BLS Average Hourly Earnings
[Percent change from preceding period]
Seasonally adjusted at annual
rates
BEA-derived compensation per hour of all persons in the nonfarm business sector (less housing)
Less: Contribution of supplements to wages and salaries per hour
Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit institutions
1990
1991
1992
5.5
5.1
5.2
6.0
4.6
3.0
.2
.5
.4
-.2
.1
-.4
1.2
.1
-.1
0
0
Less: Contribution of wages and salaries per hour of persons in government enterprises, unpaid family
workers, and self-employed
-.2
0
.1
.2
Equals: BEA-derived wages and salaries per hour of all employees in the private nonfarm sector ....
5.1
4.3
4.8
Less: Contribution of wages and salaries per hour of nonproduction workers in manufacturing
-.1
-.1
.1
Less: Other differencesl
1.7
1.6
Equals: BLS average hourly earnings of production or nonsupervisory workers on private nonfarm
payrolls
3.5
Addendum:
BLS estimates of compensation per hour in the nonfarm business sector2
5.5
1. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates
also include differences in BEA and BLS benchmarking procedures; quarterly estimates also inelude differences in seasonal adjustment procedures.
1992
1993
0
1.9
-.1
.2
.3
5.7
4.2
3.7
0
-.3
-.2
2.4
3.0
2.0
.9
-1.2
2.8
2.4
2.7
2.5
2.9
1.9
5.0
5.2
6.0
4.6
2.8
1.4
0
2. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates
include compensation and hours of tenant-occupied housing,
BLS Bureau of Labor Statistics
Table 2.—Relation of Net Exports of Goods and Services and Net Receipts of Factor Income in the National
Income and Product Accounts (NIPA's) to Balance on Goods, Services, and Income in the Balance
of Payments Accounts (BPA's)
[Billions of dollars]
Seasonally adjusted
e
1993
1992
1991
1992
I
II
III
IV
I
II
Exports of goods, services, and income, BPA's .
1
708.5
730.5
728.8
725.8
728.2
739.0
736.3
751.2
Less: Gold, BPA's
Statistical differencesl
Other items
2
3
4
3.6
0
.5
4.5
0
.3
3.8
0
.2
3.5
0
.4
3.6
0
.3
7.2
0
.3
6.4
.7
.2
7.5
.9
.2
Plus: Adjustment for grossing of parent/affiliate interest payments
Adjustment for U.S. territories and Puerto Rico
Services furnished without payment by financial intermediaries except life
insurance carriers and private noninsured pension plans
5
6
6.1
27.8
5.0
28.8
5.0
28.4
4.8
28.6
4.8
28.9
5.4
29.3
4.1
29.8
7.4
30.4
7
9.2
10.3
9.9
9.9
10.4
10.9
11.2
11.4
8
747.6
769.7
768.0
765.3
768.4
777.0
774.1
791.8
Equals: Exports of goods and services and receipts of factor income,
NJPA's
9
723.4
764.0
726.0
766.8
770.7
792.4
795.2
830.7
Less: Gold, BPA's
Statistical differencesl
Other items
10
11
12
2.9
0
0
3.8
0
0
2.3
0
0
3.6
0
0
2.7
0
0
6.7
0
0
5.3
-.4
0
8.4
-.6
0
Plus: Gold, NIPA's
Adjustment for grossing of parent/affiliate interest payments
Adjustment for U.S. territories and Puerto Rico
Imputed interest paid to rest of world
13
14
15
16
-2.5
6.1
19.7
9.2
-2.5
5.0
19.1
10.3
-1.7
5.0
19.4
9.9
-2.9
4.8
19.2
9.9
-2.9
4.8
19.1
10.4
-2.6
5.4
18.9
10.9
-2.3
4.1
18.6
11.2
-3.2
7.4
18.9
11.4
Equals: Imports of goods and services and payments of factor income,
NIPA's
17
753.0
792.0
756.2
794.2
799.4
818.3
821.9
857.4
Balance on goods, services, and income, BPA's (1-9)
18
-14.9
-33.5
2.8
-41.0
-42.5
-53.4
-58.9
-79.5
Less: Gold (2-10+13)
Statistical differences (3-11) J
Other items (4-12)
19
20
21
-1.8
0
.5
-1.8
0
.3
-.2
0
.2
-3.0
0
.4
-2.0
0
.3
-2.1
0
.3
-1.2
1.1
.2
-4.1
1.5
.2
Plus: Adjustment for U.S. territories and Puerto Rico (6-15)
22
8.1
9.7
9.0
9.4
9.8
10.4
11.2
11.5
Equals: Net exports of goods and services and net receipts of factor
income, f " ' "
23
-5.4
-22.3
11.8
-28.9
-31.0
-41.3
-47.8
-65.6
Imports of goods, services, and income, BPA's .
1. Consists of statistical revisions in the NIPA's that have not yet been incorporated in the
BPA's (1993:11) and statistical revisions in the BPA's that have not yet been incorporated in the
NIPA's (1993:1 and 1993:11).
SURVEY OF CURRENT BUSINESS
September 1993
Annual NIPA Revision: Newly Available Tables
Fifteen tables that usually are included in the full set of NIPA tables were postponed from the August 1993
and are now available in this section: Tables 1.15,1.16, 3.15-3.20, 7.15, and 9.1-9.6.
Revised alternative quantity and price indexes in tables 7.1 and 7.2 and the associated percent changes in table 8.1
appear beginning on page 40 of this issue. See the headnote to "Selected NIPA Tables" for other NIPA estimates
that appear in this issue.
SURVEY OF CURRENT BUSINESS
Table 1.15.—National Income by Sector, Legal Form of Organization, and Type of Income
[Billions of dollars]
Line
1990
1989
1991
1992
4,836.6
4,249.5
4,491.0
4,598.3
3,478.6
3,649.1
3,709.7
3,905.3
2,524.6
2,075.8
1,745.4
330.4
303.4
283.5
-17.5
37.4
145.5
2,643.1
2,185.0
1,832.8
352.2
312.6
2,676.8
2,815.5
2,337.4
Sole proprietorships and partnerships
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Proprietors' income with inventory valuation and capital consumption adjustments
Farm
Proprietors' income with inventory valuation adjustment
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Net interest
631.0
185.9
165.1
20.7
345.4
40.2
48.3
-8.1
305.2
278.3
-1.2
28.1
99.7
658.5
202.0
179.0
23.0
361.4
41.9
49.8
-7.8
319.4
302.7
-.4
17.1
95.1
671.6
207.6
183.0
24.7
374.4
36.8
44.4
-7.6
337.6
324.9
0
Other private business
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Proprietors' income with inventory valuation and capital consumption adjustments
Proprietors' income with inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with capital consumption adjustment
Rental income of persons
Capital consumption adjustment
Net interest
259.3
278.5
21.7
18.6
3.1
2.0
288.6
National income
Domestic business
Corporate business
compensation of employees
Wages and salaries
Supplements to wages and salaries
Corporate profits with inventory valuation and capital consumption adjustments
Profits before tax
Inventory valuation adjustment
Capital consumption adjustment
Net interest
,
Government enterprises
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Households and institutions
Compensation of employees
Wages and salaries
Supplements to wages and salaries
General government
Compensation of employees
Wages and salaries
Supplements to wages and salaries
,
Rest of the world x
Compensation of employees
Corporate profits
Net interest
,
Addenda:
Domestic income (1-48)
Compensation of employees (4+13+26+37+41+45)
Proprietors' income with inventory valuation and capital consumption adjustments (16+29)
Rental income of persons with capital consumption adjustment (32)
Corporate profits with inventory valuation and capital consumption adjustments (7)
Net interest (11+24+35)
1. Equals receipts of factor income from the rest of the world less payments of factor income
to the rest of the world.
20.1
17.3
2.8
1.9
2.8
-.9
-13.5
44.2
-57.7
250.9
297.8
-11.0
25.9
145.6
2,225.8
1,854.6
371.2
302.6
295.5
4.9
2.2
148.4
12.7
89.6
22.1
18.8
3.3
1.9
1,940.9
396.5
344.9
333.2
-5.3
17.1
133.2
721.9
220.0
193.5
26.4
415.2
43.7
51.2
-7.5
371.5
358.0
-.5
14.1
86.7
290.6
23.3
19.8
3.5
-.9
0
2.9
-.9
2.9
-.9
-14.2
42.7
-12.8
45.2
-56.9
269.1
-57.9
277.4
-8.9
57.4
-66.3
277.0
63.7
63.7
50.5
13.2
68.9
68.9
54.4
14.5
72.7
72.7
56.6
16.1
77.3
77.3
59.9
17.4
206.1
227.5
245.3
267.0
206.1
180.3
25.8
227.5
198.9
28.5
245.3
213.5
31.8
267.0
231.4
35.6
548.8
592.8
629.1
657.1
548.8
428.0
120.9
592.8
461.6
131.2
629.1
488.7
140.4
657.1
507.6
149.5
16.0
21.7
14.2
7.3
-.2
59.4
-43.3
-.2
67.9
-46.0
-.2
66.9
-52.5
-.1
62.3
-54.9
4,233.5
3,100.4
347.3
-13.5
303.4
496.0
4.469.3
3,297.8
363.3
-14.2
312.6
509.8
4,584.2
3,402.6
376.4
-12.8
302.6
515.3
4,829.4
3,582.2
414.3
-8.9
344.9
496.9
-.9
•
29
30 • September 1993
SURVEY OF CURRENT BUSINESS
Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial
Corporate Business in Current and Constant Dollars
Seasonally adjusted at annual rates
Line
1989
1990
1991
1992
1990
1989
1992
1991
1993
I"I • I
Billions of dollars
Gross domestic product of corporate business .
Consumption of fixed capital
Net domestic product
Indirect business tax and nontax liability plus business
transfer payments less subsidies.
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Corporate profits with inventory valuation and capital
consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
Gross domestic product of financial corporate
business.
Gross domestic product of nonfinancial corporate
business.
Consumption of fixed capital
Net domestic product
Indirect business tax and nontax liability plus business
transfer payments less subsidies.
Domestic income
Compensation of employees
Wages and salaries .
Supplements to wages and salaries
Corporate profits with inventory valuation and capital
consumption adjustments.
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest
3,177.0 3,329.8 3,402.4
3,571.7 3,215.2 3,280.0 3,346.3 3,347.5 3,345.3 3,355.7
363.4
360.4
396.6
365.0 371.3 376.2 380.4
3,414.1
3,456.7 3,506.6 3,552.9 3,558.4 3,668.8 3,678.4 3,759.2
386.5
388.2
391.5
410.3
396.5
402.2 405.2
2,824.6 2,961.5 3,019.2 3,175.1 2,851.8 2,919.6 2,981.4 2,976.2 2,969.0 2,975.3 3,001.4 3,029.9 3,070.2 3,118.4 3,161.4 3,148.1 3,272.3 3,276.2 3,354.0
312.7
322.2 325.4 334.0 337.6 346.6 351.3 353.5 355.6 361.0 368.3 365.1 377.2
300.0 318.4 342.4
305.3
313.3
352.4
368.2
383.2
382.0
384.2
2,524.6 2,643.1 2,676.8 2,815.5 2,546.5 2,606.9 2,668.1 2,654.0 2,643.6 2,641.3 2,663.8 2,683.3 2,719.0 2,764.9 2,805.8 2,787.2 2,904.0 2,911.1 2,976.8
2,075.8 2,185.0 2,225.8 2,337.4 2,110.2 2,145.0 2,181.9 2,205.2 2,207.7 2,196.3 2,211.3 2,234.6 2,261.2 2,287.1 2,320.4 2,351.8 2,390.3 2,408.2 2,448.7
1,745.4 1,832.8 1,854.6 1,940.9 1,774.0 1,802.0 1,832.1 1,849.2 1,847.7 1,835.0 1,844.2 1,859.9 1,879.4 1,900.4 1,926.9 1,952.4 1,983.9 2,002.8 2,029.0
330.4
352.2
371.2
396.5 336.2 343.0 349.7 356.0 360.0 361.3 367.2 374.7 381.8 386.7 393.4 399.4 406.3 405.3 419.7
303.4
288.7
303.7 287.3 296.5 304.3 299.4 310.3 338.7 350.2 306.0 384.8 373.0 400.0
312.6
302.6
344.9
318.0
341.5
283.5
141.3
142.2
107.9
34.3
-17.5
37.4
145.5
297.8
138.7
159.1
128.3
30.8
-11.0
263.4
284.2
25.9
145.6
2,913.5 3,045.5
295.5
129.8
165.6
114.0
51.6
4.9
2.2
148.4
320.4
3,082.1
333.2
146.3
186.9
127.3
59.6
-5.3
17.1
133.2
268.3
134.2
134.2
107.3
26.9
-13.5
33.9
147.7
284.2
132.0
152.2
126.4
25.8
-2.0
35.8
144.0
301.2
139.8
161.4
125.5
35.9
8.9
31.4
144.7
312.4
145.7
166.6
127.9
38.7
-31.5
22.6
145.1
293.3
137.0
156.3
133.3
23.0
-19.5
13.5
148.6
328.3
263.7
272.3
282.2
289.7
292.7
3,243.4 2,951.5 3,007.7 3,064.1 3,057.8 3,052.5
1.9
3.5
147.5
333.1
147.0
186.1
113.1
73.0
-4.6
10.2
139.1
348.0
153.0
195.0
120.3
74.7
-13.7
16.0
135.3
296.4
130.1
166.3
128.4
37.9
-7.8
17.4
129.4
355.2
155.0
200.2
147.4
52.8
4.9
24.7
128.9
360.7
160.9
199.8
156.7
43.2
-12.7
25.1
129.9
387.5
173.3
214.3
152.9
61.4
-12.2 *
24.7
128.1
327.2
346.8
334.8
294.2
337.2
346.7
363.3
283.7
125.4
158.3
121.9
36.4
8.2
4.7
148.5
290.9
128.0
162.8
113.0
49.8
12.7
.7
148.2
302.4
132.5
169.8
108.9
61.0
-3.0
0
149.3
304.9
133.4
171.6
112.3
307.1
320.0
327.3
59.3
3,048.6 3,063.4 3,086.8 3,129.5 3,159.8 3,218.1 3,264.2 3,331.6 3,331.7 3,395.9
352.7
326.5 322.6 326.6 332.0 336.1 339.4 340.4 342.3 343.9 345.1 347.8 366.1 351.7 356.8 359.0
329.3
341.5
2,890.7 2,625.0 2,685.1 2,737.5 2,725.8 2,716.4 2,709.2 2,722.9 2,744.5 2,785.6 2,814.6 2,870.3 2,898.2 2,979.9 2,975.0 3,036.8
2,596.2 2,716.2
2,740.6
290.4
327.7
274.2
279.0 285.3
294.0 296.6 304.2 307.1 315.3 319.5 321.8 323.9 329.1 336.0 333.0 344.0
311.5
317.4
2,322.0 2,425.8 2,429.0 2,563.1
1,920.2 2,020.9 2,053.8 2,149.5
1,613.5 1,693.8 1,709.4 1,782.4
306.7 327.0 344.4 367.0
255.2 256.4 233.9 278.3
232.9
99.5
133.3
101.9
31.5
-17.5
39.9
146.6
232.1
93.9
138.3
118.1
20.1
-11.0
35.3
148.5
214.8
82.7
132.1
94.0
38.1
4.9
14.2
141.3
255.1
98.2
2,346.0 2,399.8 2,451.7 2,431.8 2,419.8 2,405.0 2,415.8 2,429.2 2,466.1 2,492.9 2,546.4 2,569.0 2,643.9 2,642.0 2,692.8
1,954.6 1,987.4 2,019.4 2,037.5 2,039.3 2,028.3 2,040.1 2,061.6 2,085.3 2,103.8 2,135.4 2,162.7 2,195.9 2,215.0 2,244.7
1,642.2 1,668.5 1,694.5 1,707.2 1,705.2 1,693.0 1,699.7 1,714.0 1,731.1 1,745.8 1,771.0 1,792.9 1,820.0 1,840.3 1,857.3
312.4
318.9 324.9 330.3 334.1 335.3 340.5 347.6 354.2 358.0 364.4 369.8 375.9 374.7 387.4
240.7
263.9 282.9 246.5 232.4 232.8 235.5 227.0 240.4 252.3 273.9 272.7 314.1 292.1 315.0
156.9
215.9
91.1
124.8
105.2
51.7
-5.3
28.5
135.3
-13.5
38.3
150.7
102.3
22.5
223.3
89.6
133.7
118.0
15.8
-2.0
42.6
148.5
233.8
95.0
138.8
117.4
21.4
8.9
40.1
149.5
244.6
98.8
145.8
120.0
25.8
-31.5
33.4
147.9
226.7
92.0
209.9
81.1
128.8
92.9
35.9
12.7
12.8
140.2
207.8
79.7
128.2
103.1
25.1
8.2
16.8
143.9
134.8
117.2
17.5
-19.5
25.2
148.2
218.2
84.3
133.9
89.0
44.9
-3.0
11.8
140.6
223.3
85.9
137.4
90.9
46.5
1.9
15.2
140.5
235.1
90.8
144.3
93.9
50.
-4.6
21.8
136.8
260.2
100.8
159.4
100.3
59.1
-13.7
27.4
137.1
251.8
95.3
156.5
105.9
50.5
-7.8
28.8
133.6
273.2
105.8
167.4
120.7
46.7
4.9
36.0
133.9
268.4
106.4
162.0
127.4
34.6
-12.7
36.4
134.9
291.2
117.6
173.6
125.4
48.2
-12.2
36.0
133.1
Billions of 1987 dollars
Gross domestic product of nonfinancial corporate
business.
Consumption of fixed capital
Net domestic product
Indirect business tax and nontax liability plus business
transfer payments less subsidies.
Domestic income
2,718.9 2,747.4 2,710.0 2,822.3 2,722.7 2,742.9 2,771.4 2,750.5 2,725.0 2,694.1
304.4
300.6
302.6
318.4
306.1
304.3
309.7
298.4
303.4
2,420.4 2,444.0 2,400.3 2,503.9 2,418.4 2,442.3 2,468.8 2,446.1 2,418.8
255.8
255.7
257.2 253.6
258.7
256.2
253.5
255.6
251.1
2,692.4 2,708.5 2,745.0 2,759.5 2,802.6 2,839.8 2,887.4 2,867.5 2,916.6
307.7 309.1 310.4 311.6 312.9 314.2 329.3 317.2 321.0 321.4
2,386.4 2,383.3 2,398.1 2,433.4 2,446.6 2,488.4 2,510.5 2,570.1 2,546.5 2,595.2
249.0 251.5 252.7 251.2 253.1 257.0 260.5 264.5 265.7 268.4
2,166.9 2,188.4 2,149.2 2,245.2 2,162.1 2,186.4 2,213.1 2,188.9 2,165.3 2,137.4 2,131.8
2,145.4 2,182.2 2,193.5 2,231.4 2,250.0 2,305.7 2,280.8 2,326.8
Table 3.15.—Government Expenditures by Function
[Billions of dollars]
1990
Line
Total 1
Central executive, legislative, and judicial activities
International affairs
Space
National defense
Civilian safety
Education
Health and hospitals
Income support, social security, and welfare
Veterans benefits and services
Housing and community services
Recreational and cultural activities
Energy
Agriculture
Natural resources
Transportation
Postal service
Economic development, regulation, and services ...
Labor training and services
Commercial activities
Net interest paid 2
Other and unallocable
1991
1992
1,700.1 1,847.5 1,951.3 2,118.5
58.4
14.5
11.0
299.6
70.9
269.7
39.3
546.2
32.1
27.9
12.0
-1.4
22.1
11.8
77.8
2.3
8.9
6.7
-7.5
159.6
38.4
65.2
16.6
12.9
313.7
77.5
291.5
42.5
609.7
33.9
29.7
13.4
-2.9
19.8
12.6
83.3
4.2
11.3
7.0
-7.9
171.8
41.6
69.8
-25.0
13.5
322.2
82.8
306.5
43.1
693.3
35.7
30.7
14.0
-2.5
20.9
13.6
88.9
1.9
11.0
7.2
-8.1
187.2
44.7
72.6
20.0
13.6
313.4
88.1
319.2
43.4
776.4
37.7
31.9
14.5
1.8
23.4
14.5
94.7
3.3
11.6
8.1
-8.4
191.2
47.4
1. Equals Federal Government expenditures less grants-in-aid to State and local governments plus State and
local government expenditures. Total expenditures include employee compensation on a disbursement basis. The
estimates by function include employee compensation on an accrual basis. Wage accruals less disbursements (in
millions of dollars) is as follows: 1989, 0; 1990, 50; 1991, - 5 0 ; and 1992, 0.
2. Excludes interest received by State and local social insurance funds, which is netted against expenditures
for the appropriate functions.
September 1993
SURVEY OF CURRENT BUSINESS
•
Table 3.16.—Federal Government Expenditures by Type and Function
[Millions of dollars]
1990
1989
Line
Total 1
Expendi-
Transfer
payments
Purchases
and net interest paid
Grants-inaidto
State and
local governments
Subsidies
less current surplus of
government enterprises
Expenditures l
Grants-inTransfer
aid to
payments
Purchases
State and
and net inlocal governments
1,181,604
401,574
636,295
118,216
25,519
1,274,866
426,492
Central executive, legislative, and judicial activities .
Central administration and management
Tax collection and financial management
Legislative and judicial activities
Other
16,469
4,775
-1,826
-4
-1,800
724
572
-10
-10
20,121
6,502
20,852
5,890
8,565
4,046
2,351
International affairs
Conduct of foreign affairs and informational activities .
Foreign economic assistance
14,467
3,372
11,095
17,581
4,217
7,903
3,556
1,905
3,227
3,296
Space
National defense
Military activities
Civil defense
Foreign military assistance
Other
Civilian safety
Police
Fire
Correction
Education
Elementary and secondary
Higher
General research and other
Health and hospitals
Income support, social security, and welfare ..
>nt.
Old-age and survivors insurance (social security)
Government employees, civilian
Government employees, military
Railroad
Disability
Disability insurance (social security)
Government employees, civilian
Government employees, military
'.
Railroad
Other
Unemployment insurance
Regular
Extended
Other
Medical care
Hospital and supplementary medical insurance (Medicare) .
Medicaid
Welfare and social services
Other
6,103
3,587
2,004
11,231
301,653
301,283
295
42
33
-69
190
2,098
2,016
82
213
42
33
2,016
460
269
15,118
9,798
776
1,578
16,709
12
400
135,790
100,156
35,634
55,127
7,601
1,287
7,138
1,114
1,060
54
389
353
301
157
8,943
225
8,018
700
431,037
257,355
144
10,794
7,592
1,290
1,912
4,471
68,062
206,107
26,115
18,907
6,226
30,877
863
22,669
2,380
2,380
2,271
846
769
1,549
14,503
14,091
12
400
97,776
97,776
168
74
94
49
6,159
3,373
512
2,274
1,868
1,366
406
96
3,928
4,701
-1,430
657
19,701
11,747
2,577
2,538
2,839
6,957
28,927
14,013
4,605
6,043
666
3,600
2,258
5,816
Economic development, regulation, and services
Economic development assistance
Regulation of commerce and finance
Other
3,731
1,142
446
3,317
730
446
2,141
Labor training and services .
Training programs
Other
5,156
4,028
1,128
19,703
3,955
Recreational and cultural activities
Energy
Conservation and development of energy sources .
Production and sale of power
Administration and regulation
Agriculture
Stabilization of farm prices and income
Financing farm ownership and utilities
Conservation of agricultural resources
Other
Natural resources
Transportation
Highways
Water
Air
Railroad
Transit
Postal service
Net interest paid ..
Revenue sharing .
13,433
1,219
13,474
11,755
2,274
2,143
164,753
5,606
4,338
327
209
22,347
8,529
9,460
4,358
2,166
525
274
1,367
1,583
657
4,910
1,606
771
127
595
-3
12,969
56
12,913
-3,246
13,654
10,141
1,673
1,840
1,938
103
869
1,601
75
9,624
294
4,309
4,883
95
43
17,624
13,719
25
1,134
12
2,734
1,676
1,467
922
164,753
7,597
1,040
221,969
27,882
20,276
6,519
34,205
25,789
4,504
1,549
805
980
59
376
327
7
42
128
128
2,460
2,460
237
7,908
746
470,346
275,606
220,989
27,881
20,276
6,460
32,948
24,581
4,504
1,549
798
1,516
19,123
18,689
11
423
107,937
107,937
-54
463
-517
28,285
6,447
21,017
15,748
260
1,874
2,992
143
211
77
134
1,981
1,409
487
3,203
4,721
-2,344
826
17,363
9,197
2,610
2,570
5,448
14,578
1,437
19,906
3,625
13,960
2,540
1,053
12,728
41
2
11,421
1,264
2,321
5,281
492
492
10,972
1,876
156
51
1,217
17,341
15,748
301
1,358
1,125
233
3,576
1,644
722
5,933
4,547
51
1,335
205
407
452
-45
Housing and community services
Urban renewal and community development
Housing
Water and sewerage
15,175
425
1,852
217
33,940
38
1
10,655
1,061
Veterans benefits and services
Disability and survivors compensation
Education
Insurance
Hospitals and medical care
Other
268
26
559
823
791
-13
"-13
2,473
2,384
557,140
276,646
2,986
7,584
30,504
14,478
4,983
6,572
659
3,812
3,492
1,130
826
978
775
5,674
10,449
392
4,695
5,244
76
42
4,233
1,914
5,726
5,299
1,265
468
2
3,020
2,814
206
3,993
839
468
3,992
5,231
4,091
1,140
1,740
768
972
176,470
881
2,761
2,761
43,291
43,291
31,328
936
201
165
36
5,764
3,143
300
2,321
85
1,465
1,229
236
136
240
908
1,785
18,548
14,086
27
1,304
11
3,120
515
2,062
427
426
510
510
176,470
-343
-343
118
11,290
7,767
1,278
2,245
5,460
79,197
1,284
4,330
414
412
25,566
-5
430
13,197
75
13,122
12,871
789
35,634
772
616
314,026
313,657
203
146
20
1,558
35,634
28,296
-69
132,276
13,088
315,698
292
22,012
21,578
11
423
153,688
110,397
43,291
62,153
8,436
2,480
2,480
3,465
3,534
1
-1,929
316,156
146
20
24,560
5,966
20,147
15,175
387
1,851
2,622
112
32,104
-342
-342
4,401
1,489
7
29
138
138
16,649
3,609
13,040
11,041
21,753
8,277
9,577
3,899
17,121
-45
76
11,209
299,897
5,289
4,131
34
1,124
258,469
207,167
26,115
18,907
6,280
32,129
23,885
4,401
1,489
2,919
11,285
299,609
5,590
4,288
34
1,268
506,237
6,636
4,064
-22
690,582
Subsidies
less current surplus of
government enterprises
2,981
2,813
168
-6
13,985
-58
14,043
-3,710
"-3,710
11,710
8,219
1,676
1,815
125
1,504
258
24
572
650
2,319
$2 • September 1993
SURVEY OF CURRENT BUSINESS
Table 3.16.—Federal Government Expenditures by Type and Function—Continued
[Millions of dollars]
1992
1991
Line
Total 1
Expenditures *
1,331,213
Central executive, legislative, and judicial activities .
Central administration and management
Tax collection and financial management
Legislative and judicial activities
Other
22,313
7,129
7,491
4,369
3,324
International affairs
Conduct of foreign affairs and informational activities .
Foreign economic assistance
-25,006
3,493
-28,499
13,729
National defense
Military activities
Civil defense
Foreign military assistance
Other
Civilian safety
Police
Fire
Correction
324,809
324,069
259
466
15
6,959
4,993
86
1,880
Grants-inTransfer
aidto
payments
Purchases
State and
and net inlocal govterest paid
ernments
445,923
22,325
6,293
9,338
4,339
2,355
3,340
3,409
-69
153,044
22,579
1,459,294
448,828
811,550
171,384
-1,044
1
-1,847
1,031
834
1
1
23,033
6,356
8,287
5,005
3,385
23,059
5,620
10,066
-1,027
1,000
734
802
2,554
83
176
466
15
6,446
4,642
86
1,718
4,614
1,540
9,023
291
7,824
908
Health and hospitals
19,464
12,404
1,002
623,401
7,960
518,498
297,668
239,342
29,796
1.145
1,081
296,523
29,796
64
416
360
21,748
6,718
36,041
27,413
4,634
1,662
830
1,502
135
135
26,902
2,818
2,818
118,189
118,189
25,317
1,026
2,683
763
33,797
7,046
21,754
13,746
57
16,125
338
1,879
15,620
12,234
3,219
1,684
1,453
193
Housing and community services
Urban renewal and community development ,
Housing ,
Water and sewerage
20,533
3,525
14,568
2,440
82
556
-477
3
136
64
72
2,202
1,610
Energy
Conservation and development of energy sources .
Production and sale of power
Administration and regulation
4,081
4,657
-1,386
810
6,715
Agriculture
Stabilization of farm prices and income .
Financing farm ownership and utilities ...
Conservation of agricultural resources ...
Other
18,187
6,189
2,500
849
501
3,506
2,399
13,590
313,285
179
302
695,476
8,347
313,977
253,780
30,233
22,971
6,993
41,042
32,119
1,227
574,476
312,750
204,384
39,607
30,808
6,925
116
146
146
1,755
855
1,491
39,384
25,250
13,470
925
925
3,552
3,552
664
2,914
2,914
132,139
132,139
69,331
69,331
2,958
40,206
10,390
37,831
592
22,842
219
492
65
16,464
427
1,919
16,810
2,061
13,280
1,344
1,917
3,361
673
14,489
-304
14,793
21,654
3,839
15,594
2,221
181
647
-474
8
167
64
103
2,318
-4,027
7,877
5,960
975
942
1,365
10,590
1,768
10,210
5,151
4,117
942
7,101
2,427
1,209
847
2,618
6,898
12,728
449
5,378
6,433
261
459
1,393
1,151
242
16,464
167
44
5,826
3,209
180
2,437
-6
91
-4,027
6,859
1,676
2,055
20,231
10,789
3,166
2,800
3,476
8,648
5,587
7,518
798
3,816
34,772
16,098
5,640
8,262
1,013
3,759
Postal service
1,945
1,895
Economic development, regulation, and services .
Economic development assistance
Regulation of commerce and finance
Other .
5,128
1,310
498
3,320
4,696
Labor training and services .
Training programs
Other
5,306
4,092
1,761
769
510
386
14,691
67
1. Total expenditures include employee compensation on a disbursement basis. Expenditures by type and function
include employee compensation on an accrual basis. Wage accruals less disbursements (in millions of dollars) is
as follows: 1989, 0; 1990, 50; 1991, - 5 0 ; and 1992, 0.
252,621
30,233
22,971
37,746
1,687
3,031
432
433
-1
187,572
1,159
14,351
10,399
1,523
2,429
6,478
112,653
69,331
80,995
11,996
1,741
Revenue sharing .
366
664
135,053
18,818
14,166
35
1,582
4
1,21
9,785
337
8,361
1,087
6,501
187,572
217
1,180
11,831
454
5,273
5,91;
117
75
Net Interest paid ..
452
109
1,945
1,724
8,309
992
13
7,453
5,399
13,497
32,339
14,620
546
546
300
2,545
2,446
21,155
57,299
39
227
15,927
91
15,836
2,545
455
3,026
3,026
159
178
1,028
877
498
3,321
751
313,779
863
57,299
35,168
534
211
1
-1,779
26,681
11,191
10,250
5,240
Transportation
Highways
Water.
Air
Railroad .
Transit ...
Natural resources.
-69
13,890
1,607
43,082
28,948
13,470
810
613
2,227
4,126
1,755
559
35,705
16,125
39f
1,881
9,359
916
916
238,261
Veterans benefits and services
Disability and survivors compensation .
Education
Insurance
Hospitals and medical care
Other .
2,710
2,846
3,272
162
12,740
9,179
1,395
2,166
6,058
96,943
4,966
2,407
4,057
315,981
315,388
278
302
13
8,122
5,851
109
2,162
351
526
358
Recreational and cultural activities .
-343
-343
513
2,424
121,007
57,299
71,648
8,343
19,998
4,217
15,781
246
2,637
13,483
322,515
321,858
9,996
9,577
1,026
559
178,306
30
167
-28,417
84
-28,501
24,187
21,748
6,782
37,373
28,689
4,634
1,662
838
1,550
30,063
28,478
Expenditures l
Grants-mTransfer
aid to
payments
State and
Purchases
and net inlocal govterest paid
ernments
709,617
Education
Elementary and secondary
Higher
General research and other
Income support, social security, and welfare
Retirement
,
Old-age and survivors insurance (social security) .
Government employees, civilian
Government employees, military
Railroad
Disability .
Disability insurance (social security).
Government employees, civilian
Government employees, military
Railroad
Other.
Unemployment insurance .
Regular .
Extended .
Other.
Medical care
Hospital and supplementary medical insurance (Medicare) .
Medicaid
Welfare and social services .
Other
Subsidies
less current surplus of
government enterprises
2,999
2,777
222
276
24
677
710
50
3,319
5,391
1,046
503
3,842
5,91
4,623
1,290
187,089
1,014
169
50
5,516
3,151
152
2,213
91
1,050
809
241
69
1,077
249
8
820
1,597
20,148
15,649
34
1,792
2,666
207
1,890
5,126
781
503
3,842
1,908
855
1,053
265
265
580
580
187,089
3,425
3,188
237
Subsidies
less current surplus of
government enterprises
SURVEY OF CURRENT BUSINESS
September 1993
•
33
Table 3.17.—State and Local Government Expenditures by Type and Function
[Millions of dollars]
1990
Line
Total 1
Expenditures l
636,683
42,662
Central executive, legislative, and judicial activities
Administrative, legislative, and judicial activities
Tax collection and financial management
22,419
20,243
Civilian safety
Police
Fire
Correction
65,569
29,711
12,582
23,276
,
,
Education
Elementary and secondary
Higher
Libraries
Other
,
Health and hospitals
Health
Hospitals
Income support, social security, and welfare
Government employees retirement and disability
Workers' compensation and temporary disability insurance
Medical care
,
Welfare and social services
Veterans benefits and services
Housing and community services
Housing, community development, and urban renewal
Water
,
Sewerage
Sanitation
Recreational and cultural activities
Energy
Gas utilities
Electric utilities
Agriculture
Natural resources
,
Transportation
Highways
Water
,
Transit and railroad
Economic development, regulation, and services
Labor training and services
Commercial activities
Publicly owned liquor store systems
Government-administered lotteries and parimutuels
Other
Net interest paid 2
„
,
54,334
413
712
11,029
5,596
4,542
-7,504
-443
-7,354
293
-5,183
38,363
Subsidies
less current
surplus of
government
enterprises
-20,119
Expenditures l
573,592
42,050
22,419
19,631
65,517
29,711
12,582
23,224
83,210
254,139
195,560
48,201
3,611
6,767
4,623
4,623
28,364
262
16,848
11,516
262
30,581
18,744
11,837
23,099
-16,123
5,515
64,120
28,375
131,776
-10,292
7,871
77,087
57,110
152
13
26,176
2,149
928
612
71,937
32,266
13,519
26,152
280,472
212,244
51,844
3,918
12,466
-7,213
721
21,581
2,594
6,432
8,012
4,543
-5,241
-2,693
10,269
-7,746
-429
-7,317
3,763
287
3,476
3,455
6,425
2,659
-1,945
-412
56,279
825
-1,980
6,996
2,692
4,033
5,596
3,596
944
-7,819
-464
-7,354
-1
315
21
294
-5,183
38,363
704,932
45,847
24,917
20,930
612
63,829
Air
Other and unallocable
258,762
195,560
48,201
3,611
11,390
28,626
16,848
11,778
108,063
-13,974
6,443
64,120
51,474
165
14,368
3,315
1,191
5,319
4,543
10,269
-3,983
-142
-3,841
3,455
6,425
Purchases
Transfer
payments
and net interest paid
less dividends
172
15,569
3,295
1,891
5,223
5,160
11,460
-4,637
-128
-4,509
3,756
6,785
71,381
57,680
410
858
12,433
6,047
4,740
-7,945
-506
-7,662
223
-4,631
41,622
Purchases
620,949
45,185
24,917
20,268
71,877
32,266
13,519
26,092
275,199
212,244
51,844
3,918
7,193
30,303
18,744
11,559
29,277
2,462
1,147
25,668
159
23,311
2,849
6,977
8,325
5,160
11,460
3,497
303
3,194
3,756
6,785
68,355
59,747
845
3,099
4,664
6,047
3,796
320
21
299
Transfer
payments
and net interest paid
less dividends
105,098
662
-21,115
662
60
5,273
5,273
278
278
102,499
-12,754
6,724
77,087
31,442
13
-7,742
446
-5,086
-3,102
-8,134
-431
-7,703
3,026
-2,067
-435
-2,241
7,769
944
-8,265
-527
-7,662
-76
-4,631
41,622
Subsidies
less current
surplus of
government
enterprises
34 • September 1993
SURVEY OF CURRENT BUSINESS
Table 3.17.—State and Local Government Expenditures by Type and Function—Continued
[Millions of dollars]
1992
1991
Line
Total 1
Expenditures 1
Purchases
Transfer
payments
and net interest paid
less dividends
773,175
653,356
142,671
Central executive, legislative, and judicial activities
Administrative, legislative, and judicial activities
Tax collection and financial management
48,480
26,504
21,976
47,805
26,504
21,301
675
Civilian safety
Police
Fire
Correction
76,386
34,062
14,085
28,239
76,321
34,062
14,085
28,174
295,070
289,262
5,808
224,161
53,880
4.031
12,998
224,161
53,880
4,031
7,190
29,649
29,361
19,632
9,729
Education
Elementary and secondary
Higher
Libraries
Other
Health and hospitals
Health
Hospitals
19,632
10,017
Subsidies
less current
surplus of
government
enterprises
Expenditures 1
Purchases
Transfer
payments
and net interest paid
less dividends
830,601
682,951
172,465
49,913
27,874
22,039
691
675
50,604
27,874
22,730
65
35,877
14,781
30,010
35,877
14,781
29,940
6,280
5,808
234,420
54,667
4,273
13,523
300,603
234,420
54,667
4,273
7,243
28,372
302
288
28,674
20,741
7,933
-22,852
70
20,741
7,631
70
6,280
302
2,770
1,340
27,461
102,092
34,142
193,594
-5,541
11,052
122,520
65,563
29,132
159,817
-8,641
9,507
122,520
36,431
184
170
14
194
178
16
16,034
2,882
2,307
5,531
5,314
24,773
3,003
7,428
9,028
5,314
-8,739
-121
-5,121
-3,497
15,714
2,816
2,178
5,269
5,451
25,481
3,249
7,647
9,134
5,451
Recreational and cultural activities
11,840
11,840
12,319
12,319
Energy
Gas utilities
Electric utilities
-5,143
-130
-5.013
3,476
311
3,165
-8,619
-441
-8,178
-4,997
-98
-4,899
3,999
364
3,635
Agriculture
4,039
4,039
4,292
4,292
Natural resources
7,054
7,054
7,434
7,434
75,351
60,505
80,086
64,158
Veterans benefits and services
Housing and community services
Housing, community development, and urban renewal
Water
Sewerage
Sanitation
Transportation
Highways
Water
Air
Transit and railroad
Economic development, regulation, and services
Labor training and services
Commercial activities
Publicly owned liquor store systems
Government-administered lotteries and parimutuels
Other
Net Interest paid 2
Other and unallocable
1. Total expenditures include employee compensation on a disbursement basis. Expenditures by type and function
include employee compensation on an accrual basis. Wage accruals less disbursements (in millions of dollars) in
1989,1990, 1991, and 1992 is zero.
166,877
-6,361
9,543
102,092
61,603
31,571
416
72,343
62,819
886
1,518
3,990
12,912
4,648
6,296
6,296
4,931
4,009
-8,117
385
-513
-7,837
17
368
233
-407
33,777
3,100
1,545
1,762
77,339
66,674
964
4,432
13,701
5,269
6,428
6,428
5,579
4,415
-8,502
-530
-7,837
-8,387
412
-496
13
-135
-8,112
399
3,008
-2,314
-470
-2,472
8,264
922
-407
44,651
-24,815
691
135,306
-9,131
8,203
Income support, social security, and welfare
Government employees retirement and disability
Workers' compensation and temporary disability insurance
Medical care
Welfare and social services
Subsidies
less current
surplus of
government
enterprises
465
221
4,125
-9,767
-433
-5,469
-3,865
-462
-8,534
2,747
-2,516
-499
-2,670
8,432
1,164
-8,799
-509
-8,112
-178
4,125
47,391
47,391
44,651
2. Excludes interest received by social insurance funds, which is netted against expenditures for the appropriate
functions.
SURVEY OF CURRENT BUSINESS
September 1993
Table 3.18B.—Relation of Federal Government Receipts and Expenditures in the National Income and Product Accounts to the
Unified Budget, Fiscal Years
[Billions of dollars]
Calendar quarters, not seasonally adjusted
1990
Line
1991
1992
1991
1990
1992
Receipts
990.8 1,032.7 1,055.7 1,090.5
Unified budget receipts
Less: Coverage differencesl
Financial transactions
1.3
0
Plus: Netting and grossing differences:
Contributions to government employee
retirement funds.
Taxes received from rest of the world 2
Other3
Timing differences:
Corporate income tax
Federal and State unemployment insurance
taxes.
Withheld personal income tax and social
security contributions.
Excise taxes
Other
Miscellaneous4
1.7
0
1.8
0
41.2
45.2
49.5
50.7
-2.0
-1.8
18.9
-2.0
-1.8
24.1
1.9
-.6
-2.6
-.6
2.2
-1.1
1.5
-.6
-.3
1.0
.7
.3
Equals: Federal Government receipts, national
income and product accounts.
-2.2
-.1
-.3
308.2
241.6
228.6
230.8
318.8
254.5
249.9
11.5
7.6
10.4
10.5
321.5
.6
.5
307.6
.5
.5
12.4
12.5
12.!
-.4
5.4
-.5
5.5
-.4
5.7
4.4
-2.2
-3.1
-1.3
10.1
8.5
264.5
255.5
274.0
0
0
10.4
239.4
233.7
.5
12.1
10.5
11.6
11.7
11.6
-.5
4.5
-.4
4.9
-.4
5.0
-.4
4.5
-.2
-.4
4.7
6.9
-7.8
-4.6
5.4
-2.4
-3.2
-1.1
2.7
7.3
-6.5
-4.6
-4.5
2.5
1.3
1.6
-4.1
2.1
1.2
-.1
0
.7
-.2
-.1
-1.7
-.1
-.1
.6
.2
-9.7
-4.6
1.2
-1.3
-3.3
2.3
-.7
1.4
-.3
.2
.1
.7
-.2
.1
-.1
.3
-.1
.2
-.2
-.1
-2.8
-.1
0
.4
-.1
-.1
1.8
-.2
.1
.2
.2
219.4
2.0
0
12.0
13.0
13.0
13.9
-.5
6.9
-.4
6.2
-1.6
-2.5
-7.8
-5.7
3.0
-2.7
2.5
-6.3
1.3
.2
.1
.3
.2
.1
-1.2
-1.2
1,050.1 1,091.9 1,121.3 1,165.4
255.1
308.1
257.2
238.9
260.2
318.6
274.3
258.2
264.2
315.2
283.7
264.5
279.7
327.1
294.1
282.0
1,142.9 1,251.7 1,322.5 1,382.0
280.2
285.3
288.1
298.5
310.7
331.7
310.9
336.5
297.8
333.1
355.2
338.2
352.8
352.4
338.5
385.9
1.9
.7
2.0
.7
2.1
3.0
3.1
0
-1.8
-1.5
-6.8
0
-2.3
5.0
-9.3
13.0
13.0
13.9
-.4
6.2
-.5
6.9
Expenditures
Unified budget outlays
Less: Coverage differences:
Geographic5
Other 6
Financial transactions:
Net lending
Deposit insurance
Net purchases of foreign currency
Other
Net purchases of land:
Outer Continental Shelf
Other
Plus: Netting and grossing differences:
Contributions to government employee
retirement funds.
Taxes received from rest of the world 2
Other3
Timing differences:
Purchases (increase in payables net of
advances).
Interest
Transfer payments
Subsidies less current surplus of government
enterprises.
Miscellaneous7
Equals: Federal Government expenditures,
national Income and product accounts.
6.7
.2
7.1
2.0
7.6
2.9
1.5
-.1
1.5
-.1
1.6
-.1
1.6
.1
1.6
0
1.7
0
1.7
0
1.7
.5
1.8
.5
1.8
.5
1.8
.5
1.8
.7
3.8
10.6
25.2
17.6
67.4
0
-5.7
6.0
1.5
0
-2.3
1.9
.3
0
1.1
3.7
0
-1.6
.2
11.0
0
-2.4
2.4
7.8
0
1.2
3.3
7.3
0
-.8
2.7
29.4
0
-2.3
2.3
17.3
0
-2.5
8.6
14.4
0
-3.0
3.4
1.8
0
.3
1.2
14.6
0
-1.1
4.5
36.6
0
-1.9
3.7
-5.2
0
-5.8
61.8
0
-4.4
-.9
-1.1
-.4
0
-.2
0
_2
0
-.1
0
0
-.4
0
0
0
0
.1
0
.1
12.
12.0
6.0
-.3
17
18
19
20
0
-1.3
-.4
.2
41.2
45.2
49.5
50.7
10.4
10.4
10.5
10.5
11.6
11.7
11.6
12.1
12.4
12.5
-2.0
17.1
-1.8
18.9
-2.0
21.7
-1.8
24.1
-.5
4.8
-.4
4.4
-.4
4.3
-.5
4.5
-.4
4.9
-.4
5.0
-4
4.5
-.6
5.1
-.4
5.4
-.5
5.5
-7.0
4.9
5.2
-4.0
0
.9
-.5
-.5
0
1.0
.1
0
0
-.5
-.5
1.9
3.2
-.6
.2
0
.3
-.1
.9
0
-.2
.2
0
2.9
.4
0
-1.9
-.4
0
2.7
0
0
0
291.7
296.0
314.5
327.1
315.5
334.7
0
1,164.5 1,250.0 1,309.2 1,436.0
1. Consists largely of contributions for social insurance by residents of U.S. territories and Puerto Rico.
2. Taxes received from rest of the world are included in the unified budget and netted against expenditures (transfer payments) in the national income and product accounts.
3. Consists largely of proprietary receipts that are netted against outlays in the unified budget, and classified
as receipts in the national income and product accounts.
4. Consists largely of Treasury receipts from sales of foreign currencies to Government agencies.
291.7
302.2
0
0
314.5
31&7
10.5
0
.9
-.5
5.6
5.4
-.4
-2.8
0
0
1.0
.1
-1.1
0
-2.4
1.0
0
3.3
.9
0
0
0
331.8
349.1
360.3
363.8
362.8
0
4.3
0
0
.1
0
-1.0
0
-29.8
-.6
372.4
5. Consists largely of transfer payments, subsidies, and grants-in-aid to residents of U.S. territories and Puerto
Rico.
6. Consists of agencies such as the Postal Service and the Federal Financing Bank which, in some time periods,
were not included in the unified budget. Also includes net purchases of silver and minor coin metal.
7. Consists largely of net expenditures of foreign currencies.
36 • September 1993
SURVEY OF CURRENT BUSINESS
Table 3.19.—Relation of State and Local Government Receipts
and Expenditures in the National Income and Product Accounts
to Bureau of the Census Government Finances Data, Fiscal
Years
Table 3.20.—Relation of Commodity Credit Corporation Expenditures
in the National Income and Product Accounts to Commodity
Credit Corporation Outlays in the Unified Budget
[Billions of dollars]
[Billions of dollars]
Line
Line
1989
1990
1991
1989
Census total revenue
953.8 1,032.1 1,080.9
Less: Coverage differences:
Unemployment insurance fund contributions and earnings
Certain grant programs
Capital gains, net of losses, of retirement systems 2
Other financial transactions2
Sale of land
Netting and grossing differences:
Enterprise current operating expenditures plus current surplus ...
Government sales
Interest received3
Employer contributions to own social insurance funds
Dividends received3
Medical vendor payments to public institutions
Plus: Timing differences:
Property taxes
Corporate profits taxes
Other
Miscellaneous
Equals: State and local government receipts, national income and
product accounts.
19.7
3.3
8.8
1.7
18.4
2.8
10.3
1.9
.9
18.0
2.7
7.4
2.2
.7
98.8
86.3
95.5
-19.6
7.5
-10.3
104.9
96.1
107.1
-21.2
8.6
-12.4
110.7
106.1
103.4
-21.4
9.3
-15.3
-5.8
.6
2.1
-.1
-3.4
-1.3
-2.9
-2.8
658.2
704.1
1991
1992
8.3
9.7
12.1
Less: Financial transactions
Netting differences
Timing differences
Other 1
-1.9
0
0
-.1
1.2
-.1
0
0
4.2
-.2
0
0
Equals: Commodity Credit Corporation expenditures, national
income and product accounts.
10.3
8.6
8.2
1.0
-.8
1.8
1.0
.1
1.6
.3
1.3
1.1
.3
-1.4
9.5
-1.0
6.6
-.2
-.7
.5
1.1
.1
-1.1
8.2
Commodity Credit Corporation outlays in the unified budget
Receipts
1
1990
1992
Purchases
Change in inventories
Other purchases
Transfer payments to rest of the world
Grants-in-aid to State and local governments
Net interest paid
Subsidies
1. Consists largely of foreign currency transactions.
-4.3
.1
-1.8
751.4
Expenditures
Census total expenditures1
975.9 1,063.3
Less: Coverage differences:
Unemployment insurance fund benefits paid
Purchases of land
12.9
5.1
Netting and grossing differences:
Enterprise current operating expenditures plus current surplus ...
Government sales
Interest received3
Employer contributions to own social insurance funds
Dividends received3
Medical vendor payments to public institutions
98.8
86.3
95.5
-19.6
7.5
16.5
6.2
22.1
6.6
104.9
96.1
110.7
106.1
103.4
-21.4
9.3
-15.3
107.1
-21.2
8.6
-10.3
Plus: Timing differences:
Excess of accruals over disbursements, and other.
Miscellaneous
Equals: State and local government expenditures, national income
and product accounts.
-2.4
.3
-2.9
.2
-3.1
.1
612.7
667.4
738.8
1. The Bureau of the Census measures of State and local government receipts and expenditures (lines 1 and
18) represent a combination of fiscal years. Virtually all States and many localities use July 1-June 30 fiscal years;
the rest use varying fiscal years. The national income and product account measures shown in this table are for
the fiscal year ending June 30. The differences that arise from restating the Census data to a year ending June
30 are included in lines 13,14, and 15 (receipts) and line 27 (expenditures).
2. Prior to 1985, capital gains, net of losses, of retirement systems is included in line 5.
3. Prior to 1968, dividends received is included in interest received (lines 9 and 23).
Table 7.15.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar Gross Domestic Product of Nonfinancial Corporate Business
[Dollars]
Seasonally adjusted
Line
1989
1990
1991
1992
1989
IV
Current-dollar cost and profit per unit of constantdollar gross domestic product1.
1
1.072
1.109
1.137
1.149
1.084
1990
I
1.097
II
1.106
IV
1.112
1.120
I
1.132
II
1.138
1993
1992
1991
III
III
IV
1.140
1.140
I
1.145
II
1.148
III
IV
1.149
1.154
I
1.162
II
1.164
Consumption of fixed capital
2
.117
.120
.126
.125
.120
.118
.118
.121
.123
.126
.126
.126
.125
.125
.124
.129
.122
.124
.123
Net domestic product
3
.955
.989
1.011
1.024
.964
.979
.988
.991
.997
1.006
1.011
1.013
1.015
1.020
1.024
1.021
1.032
1.037
1.041
Indirect business tax and nontax liability plus business
transfer payments less subsidies.
Domestic income
Compensation of employees
Corporate profits with inventory valuation and capital
consumption adjustments.
Profits tax liability
Profits after tax with inventory valuation and capital
consumption adjustments.
Net interest
.
4
.101
.106
.115
.116
.102
.104
.103
.107
.109
.113
.114
.116
.116
.117
.116
.116
.116
.116
.118
5
6
7
.854
.706
.094
.883
.736
.093
.896
.758
.086
.908
.762
.099
.862
.718
.088
.875
.725
.096
.885
.729
.102
.884
.741
.090
.888
.748
.085
.893
.753
.086
.897
.758
.087
.897
.761
.084
.898
.760
.088
.903
.762
.091
.909
.762
.098
.905
.762
.096
.916
.761
.109
.921
.772
.102
.923
.770
.108
8
9
.037
.057
.034
.059
.031
.056
.035
.064
.033
.055
.033
.064
.034
.068
.036
.054
.034
.052
.030
.057
.030
.057
.031
.053
.031
.056
.033
.059
.036
.062
.034
.062
.037
.072
.037
.065
.040
.068
10
.054
.054
.052
.048
.055
.054
.054
.054
.054
.053
.052
.052
.051
.050
.049
.047
.046
.047
.046
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted
two places to the left.
SURVEY OF CURRENT BUSINESS
September 1993
•
Table 9.1.—Gross Domestic Product, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line
Gross domestic product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Gross private domestic investment .
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Nonfarm
Farm
Net exports of goods and services .
Exports
Imports
Government purchases
Federal
National defense
Nondefense
State and local
Addendum:
Gross national product
1989
1990
1,249.9 1,305.4 1,323.0 1,372.5 1,324.8 1,384.0
828.6
871.8
101.0
256.0
471.6
117.4
284.3
470.0
1992
1991
1,400.2 1,437.2 1,369.4 1,421.0 1,445.7 1,486.8 1,435.1 1,491.4 1,523.8 1,588.2
937.6
886.3
929.9
946.6
998.3
927.9
968.5
1,029.4
979.2
117.5
288.4
479.1
123.5
320.8
493.4
107.8
276.0
502.6
119.5
302.2
508.1
116.4
308.1
522.0
124.4
342.9
531.0
100.2
288.4
539.3
115.4
312.6
540.6
116.9
314.1
549.5
125.3
342.9
561.2
108.6
295.0
575.6
1,020.2 1,035.6 1,105.0
124.1
319.7
576.4
125.8
323.7
586.1
138.9
362.6
603.6
205.8
208.8
212.3
205.3
201.9
207.0
211.9
188.1
178.6
176.8
194.9
186.6
181.2
195.8
211.9
207.7
182.2
134.4
43.7
90.7
47.8
23.7
21.7
2.0
206.7
145.5
47.5
98.0
61.2
2.1
.5
1.6
207.8
202.2
145.8
51.0
94.8
186.1
139.1
45.9
93.2
47.1
15.7
14.9
207.4
148.5
50.4
98.1
58.9
-.4
-1.5
200.1
151.0
51.6
49.1
-12.0
-11.2
-.8
171.0
134.3
43.8
90.6
36.7
7.6
7.5
192.2
143.5
46.8
96.7
48.7
1.1
208.4
148.2
53.8
94.4
60.3
3.5
1.7
1.8
192.6
137.7
46.8
91.0
54.8
2.3
2.5
-.2
189.8
140.4
45.2
95.2
49.4
-3.2
-2.2
-1.0
172.0
129.8
39.2
90.7
42.2
9.1
7.7
1.4
202.8
144.7
43.3
101.4
58.1
-7.0
-8.7
1.7
205.3
141.6
44.7
96.9
63.7
6.6
5.3
1.3
209.0
149.4
45.5
103.9
59.6
-1.3
-1.9
.6
-16.1
-19.8
-23.5
-20.4
-13.4
-13.9
-23.6
-20.4
-3.1
-1.5
-9.1
-5.9
3.6
-6.5
-14.3
-12.3
122.8
138.9
128.9
148.6
126.3
149.8
130.0
150.4
135.5
148.9
139.9
153.8
137.8
161.4
144.0
164.4
143.7
146.8
151.5
153.0
150.2
159.3
156.1
162.0
158.1
154.5
159.6
166.1
159.4
173.8
163.4
175.7
231.4
244.6
249.1
250.0
250.0
261.0
265.3
271.2
266.0
277.2
279.4
276.7
271.2
281.9
290.7
287.9
97.3
73.5
23.9
134.1
102.0
75.0
27.0
142.7
100.2
76.5
23.7
148.9
102.1
74.9
27.1
147.9
104.5
78.0
26.5
145.5
107.1
78.6
28.5
153.9
104.5
77.5
26.9
160.8
110.4
79.9
30.5
160.7
110.9
83.1
27.8
155.1
114.2
82.0
32.1
110.5
80.8
29.7
169.0
110.4
76.6
33.8
166.3
109.3
77.8
31.5
162.0
111.2
77.4
33.8
170.7
114.0
80.0
34.1
176.7
114.4
78.7
35.7
173.5
142.4
51.1
91.2
65.5
4.5
5.4
-1.0
56.4
3.1
4.2
-1.2
1,253.7 1,308.7 1,325.6 1,378.8
1,330.8 1,388.2
99.4
1,402.6 1,446.3
-15.4
-16.5
163.0
1,376.8 1,423.5 1,446.2 1,490.6
1,441.1 1,492.1
1,524.2 1,588.4
Table 9.2.—Personal Consumption Expenditures by Major Type of Product, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line
1989
III
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household operation
Transportation
Medical care
Other
937.6 886.3 929.9
871.8
Personal consumption expenditures
101.0
117.4
47.7
35.9
17.4
55.4
40.4
21.6
IV
946.6
927.9 968.5 980.5 1,029.4
117.5 123.5 107.8 119.5 116.4 124.4 100.2 115.4 116.9
55.9
40.8
20.8
46.4
50.9
26.2
49.4
38.8
19.6
54.7
42.1
22.8
1992
1991
1990
52.9
41.7
21.8
979.2 1,020.2 1,035.6 1,105.0
125.3
108.6
124.1
125.8
138.9
50.4
44.2
22.3
44.6
53.8
27.0
45.8
42.1
20.7
54.2
45.8
24.1
54.2
47.3
24.3
50.1
59.4
29.4
342.9 288.4 312.6 314.1
45.9
51.7
26.9
41.7
38.9
19.6
48.9
43.7
22.7
342.9
295.0
319.7
323.7
362.6
159.1
51.6
26.3
2.3
74.8
158.6
68.1
25.3
3.8
87.1
149.6
44.8
23.5
4.3
72.9
158.5
53.6
26.2
2.9
78.5
160.8
54.9
27.4
2.5
78.3
164.8
74.9
26.5
4.2
92.2
471.6 470.0 479.1 493.4 502.6 508.1 522.0 531.0 539.3 540.6 549.5
561.2
575.6
576.4
586.1
144.8
56.2
25.1
31.1
37.0
145.7
165.9
145.7
58.2
27.2
31.0
37.0
149.5
170.9
147.6
61.4
29.7
31.7
37.9
153.0
175.7
149.4
54.6
22.2
32.4
38.6
155.3
178.5
151.0
56.1
25.0
31.1
38.5
158.6
181.9
256.0 284.3
130.5
39.3
21.0
3.8
61.4
125.8
56.2
28.3
27.9
33.4
114.2
142.1
142.3
46.8
25.9
2.3
67.0
127.5
47.6
19.8
27.8
33.8
116.5
144.5
288.4 320.8 276.0 302.2 308.1
145.7
48.0
25.3
2.0
67.5
129.4
50.4
22.5
27.8
34.2
118.9
146.2
146.6
66.3
24.0
3.9
79.9
131.6
55.6
27.3
28.3
34.2
122.3
149.6
139.8
41.6
23.8
4.2
66.6
133.5
55.9
27.0
28.9
34.7
126.2
152.4
152.5
49.6
25.4
2.4
72.3
136.0
50.4
20.9
29.5
35.7
129.8
156.3
155.7
49.5
28.2
2.5
72.1
138.7
53.5
23.6
29.9
36.1
133.6
160.1
156.8
66.6
30.9
4.1
84.5
139.3
55.9
26.0
29.9
36.1
136.6
163.2
145.8
42.7
25.0
4.5
70.3
140.9
59.4
29.3
30.1
35.8
139.3
164.0
157.9
50.6
26.3
2.4
75.4
143.0
53.4
22.8
30.6
36.4
142.6
165.2
151.9
62.4
29.0
33.5
40.4
161.4
187.3
38 • September 1993
SURVEY OF CURRENT BUSINESS
Table 9.3.—Federal Government Receipts and Expenditures, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line
1991
1990
1992
III
255.1 308.1 257.2 238.9 260.2 31&6
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Expenditures
Purchases
National defense
Nondefense
Transfer payments (net)
To persons
To rest of the world (net)
258.2
121.2 112.5
32.4 28.1
16.6 18.1
264.2 315.3 283.7 264.5 279.5 327.6 294.0 281.9
141.5 125.8 111.6 100.1 142.2 130.2 118.3
26.6 29.0 26.8 28.7 32.1 28.5 30.8
19.5 19.9 20.5 19.7 20.0 20.6 21.0
127.6 109.1 105.6 131.0 133.3 114.7 111.7
96.0
30.7
15.4
112.9
147.4
30.2
15.8
291.7
296.0 291.7 302.2 314.5 318.8 314.5 327.1 315.5 334.7 331.8 349.1 360.3 363.8 362.8 372.4
114.7
114.9
29.0
15.3
98.0
103.4
27.1
15.4
92.9
98.8
26.0
15.4
120.1
151.8
29.9
15.7
121.3
107.1
78.6
28.5
104.1
99.4
95.9
24.7
19.2
124.5
104.5 110.4 110.9 114.2 110.5 110.4 109.3 111.2 114.0
77.5 79.9 83.1 82.0 80.8 76.6 77.8 77.4 80.0
26.9 30.5 27.8 32.1 29.7 33.8 31.5 33.8 34.1
97.3
73.5
23.9
102.0
75.0
27.0
100.2
76.5
23.7
117.4
114.9
2.5
117.5
115.4
2.2
116.9 119.7 129.1 129.0 127.8 128.2 118.6 130.2 132.8 140.4 157.6 155.3 153.9 157.6
114.1 115.9 126.0 125.0 124.3 125.6 137.1 137.5 135.7 139.7 153.8 151.6 150.7 152.1
5.5
3.8
3.8
3.1
2.9
3.1
4.1
3.5
2.6 -18.5 -7.2 -2.9
3.8
Grants-in-aid to State and local governments
28.6
28.8
Net interest paid
Interest paid
To persons and business
To rest of the world
Less: Interest received by government
40.0
47.0
38.3
8.7
7.1
41.5
48.4
39.5
8.9
7.0
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
9.3
.9
Less: Wage accruals less disbursements
0
Surplus or deficit (-), national income and product accounts
274.3
IV
-36.7
31.8
32.5
32.6
35.4
35.9
37.7
38.0
41.5
40.8
42.4
42.6
45.5
48.7
39.5
9.1
7.6
42.2
49.3
40.2
9.1
7.1
42.9
50.2
40.2
9.9
7.3
44.2
51.5
41.4
10.1
7.3
45.8
53.4
43.1
10.3
7.6
43.6
54.2
43.7
10.5
10.6
45.6
54.5
43.9
10.6
8.9
47.1
55.3
44.9
10.4
8.2
46.9
55.3
44.8
10.5
8.4
48.0
55.8
45.6
10.2
7.8
47.3
55.1
44.9
10.2
7.7
47.6
55.5
45.2
10.3
7.9
46.9
55.3
44.9
10.3
8.4
45.3
54.1
43.8
10.3
8.8
6.8
7.2
.4
6.3
6.8
5.8
6.6
3.8
4.6
9.6
9.9
.3
4.5
5.9
1.4
5.5
7.4
1.9
3.7
5.2
1.5
10.0
1.1
5.2
6.2
1.0
7.3
8.4
1.1
5.4
6.3
9.7
10.8
1.2
0
0
.4
0
0
0
12.1
78.7
35.7
31.4
4.8
.8
1.1
104.5
78.0
26.5
29.4
4.1
6.2
7.3
102.1
74.9
27.1
-34.4
-63.4
-40.2
-54.3
0
-69.0 -51.3 -19.5 -48.1 -84.6 -80.8 -36.2 -68.8 -90.5
Table 9.4.—State and Local Government Receipts and Expenditures, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line
1990
1989
III
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Federal grants-in-aid
Expenditures
Purchases
Transfer payments to persons
Net interest paid
Interest paid to persons and business
Less: Interest received by government
Less: Dividends received by government
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements
Surplus or deficit (-), national Income and product accounts
1992
1991
IV
168.5
169.6
163.1
180.3
180.4
180.3
173.6
195.7
190.5
191.7
32.6
6.5
87.4
13.4
28.6
37.5
6.2
83.5
13.6
28.8
30.5
6.0
83.4
13.8
29.4
30.9
5.5
98.5
13.9
31.4
34.2
4.9
95.3
14.2
31.8
39.3
5.8
88.2
14.5
32.5
32.6
6.2
87.5
14.7
32.6
32.8
5.3
107.2
14.9
35.4
35.8
5.1
98.5
15.1
35.9
39.9
5.6
93.1
15.3
37.7
148.9
157.9
165.0
164.9
III
IV
186.3
212.0
205.1
208.4
34.1 35.8 37.0
6.2
6.1
5.7
92.5 113.3 105.2
15.5 15.7 15.9
38.0 41.5 40.8
43.1
7.0
99.8
16.2
42.4
198.0
226.2
36.2 37.7
6.8
6.2
96.7 119.8
16.3 16.5
42.6 45.5
163.7 173.8 182.9 184.4 179.6 191.8 200.2 201.5 194.9 207.3 215.8 212.6
134.1 142.7 148.9 147.9 145.5 153.9 160.8 160.7 155.1 163.0 169.0 166.3 162.0 170.7 176.7 173.5
33.9
26.5
59.3
59.7
-13.0 -13.4 -13.5 -13.3 -13.0 -12.7 -12.3 -12.0 -11.8 -11.7 -11.6 -11.6 -11.5 -11.5
16.6
16.3
16.0
16.5
16.1
15.8
15.6
15.4
15.2
14.7
14.5
14.3
15.0
14.8
28.1
27.9
27.7
27.6
27.6
27.6
27.7
28.2
27.3
27.8
28.0
28.1
27.9
-11.4
16.8
28.2
35.3
36.4
37.9
38.8
40.3
42.4
43.9
44.4
48.6
51.0
1.9
2.0
2.1
2.1
2.2
2.2
2.3
2.3
2.3
2.4
-4.8
.1
4.9
-5.0
.1
5.1
-5.0
.1
5.1
-5.3
.1
5.4
-5.1
.1
5.2
-5.2
.1
5.3
-5.3
.1
5.4
-5.5
.1
5.6
-5.5
.1
5.6
-5.6
.1
5.7
-5.7
.1
5.8
0
0
0
0
0
0
0
19.6
11.7
-1.9
15.4
16.7
0
6.5
0
0
0
-9.4
11.3
10.8
- . 1 -13.9
55.3
-6.0
.1
6.1
0
10.5
52.9
2.5
2.5
2.6
2.6
-5.9
.1
6.0
-6.2
.1
6.3
-6.2
.1
6.3
-6.5
.1
6.6
0
0
1.2 -17.8
13.6
10.2
SURVEY OF CURRENT BUSINESS
September 1993
Table 9.5.—Foreign Transactions in the National Income and Product Accounts, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
1989
Line
1990
III
Receipts from rest of the world .
Exports of goods and services .
Merchandise1
Services1
Receipts of factor income 2
Imports of goods and services
Merchandise1
Services1
Payments of factor income3
Transfer
From
From
From
payments (net)
persons (net)
government (net) ..,
business
Net foreign investment
181.1
177.9
189.7
184.0
190.5 192.3 192.7 190.3 194.4
169.3
122.8
90.9
31.9
128.9 126.3 130.0 135.5 139.9 137.8 144.0 143.7 151.5 150.2 156.1 158.1 159.6 159.4 163.4
96.3 89.4 95.0 99.0 102.0 95.3 102.5 104.0 109.0 102.8 110.5 111.5 113.3 108.0 115.9
32.6 36.9 35.0 36.5 37.9 42.5 41.5 39.7 42.5 47.4 45.5 46.6 46.3 51.4 47.5
38.1
40.4
38.1
0
0
0
170.9
40.9
176.9
41.5
185.0
41.3
40.1
45.7
41.3
36.5
33.8
34.4
34.2
0
0
0
0
0
0
0
0
33.2
0
30.9
31.0
0
0
160.9
169.3 164.4 170.9 176.9 181.1 177.9 189.7 185.0 188.1 184.0 190.5 192.3 192.7 190.3 194.4
138.9
115.8
23.0
148.6
122.6
26.1
149.8
121.3
28.5
150.4
125.4
25.0
148.9
122.7
26.2
153.8
123.9
29.9
34.3
37.1
35.5
34.6
35.4
37.1
37.7
6.0
2.3
2.5
1.3
5.5
2.0
2.2
1.4
6.3
2.3
2.9
1.2
7.7
2.3
3.8
1.6
7.0
2.7
3.1
1.2
7.7
2.4
4.1
1.3
7.4
2.6
3.5
161.4 164.4 146.8 153.0 159.3 162.0 154.5 166.1 173.8 175.7
127.9 134.4 118.7 122.3 127.1 132.6 125.6 133.7 140.4 144.8
33.4 30.0 28.1 30.7 32.2 29.4 29.0 32.3 33.4 30.9
1.3
33.9
34.0
33.4
30.6
28.2
32.4
30.4
30.8
6.7 -14.4
2.5
2.8
2.6 -18.5
1.6
1.3
-3.5
2.4
-7.2
1.4
1.0
2.6
-2.9
1.3
5.0
2.6
.8
1.6
8.2
3.0
3.8
1.4
7.7
2.4
3.8
1.5
7.1
2.5
3.1
1.4
9.7
2.5
5.5
1.7
18.7
4.5
-9.7
-7.1
36.6
-18.2 -22.0 -27.2 -21.9 -14.3 -17.6 -28.6 -18.0
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affili-
188.1
160.9
Capital grants received by the United States (net).
Payments to rest of the world
164.4
1992
1991
IV
1.3 -13.4 -21.0 -21.9
ates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Table 9.6.—Corporate Profits With Inventory Valuation Adjustment, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line
I
Corporate profits with inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Inventory valuation adjustment
II
III
IV
I
1992
1991
1990
1989
II
III
IV
I
II
III
IV
I
II
IV
III
1
80.0
82.7
83.0
79.6
83.6
96.1
86.8
88.1
91.3
91.3
93.5
91.2
96.9
99.0
92.4
101.9
2
89.5
87.3
83.3
82.9
83.4
93.4
97.3
91.6
86.7
89.5
93.8
92.4
98.0
104.0
92.9
100.5
3
4
37.2
52.3
36.5
50.8
35.0
48.3
32.7
50.2
30.9
52.4
35.7
57.7
38.6
58.7
33.5
58.1
29.8
56.9
32.3
57.2
35.2
58.6
32.6
59.8
34.9
63.1
39.1
64.9
34 7
58.2
37 fi
62.9
5
-9.4
-4.5
-.2
-3.3
.3
2.7 -10.5
-3.5
4.6
1.9
-.3
-1.2
-1.1
-5.0
.6
1.4
40 • September 1993
SURVEY OF CURRENT BUSINESS
Quantity and Price Indexes, 1988-92
This section consists of NIPA tables 7.1 and 7.2, which present fixed-weighted and alternative quantity and
price indexes for major aggregates, and NIPA table 8.1, which presents the associated percent changes. These
tables, together with those in "Annual NIPA Revision: Newly Available Tables" elsewhere in this section, complete
the presentation of the annual NIPA revision published in last month's SURVEY OF CURRENT BUSINESS.
Unlike the versions of tables 7.1, 7.2, and 8.1 published last month, these tables now include the alternative
quantity and price indexes. (The fixed-weighted indexes shown here are the same as those shown last month.)
The tables presented here also differ from those published last month in that they show estimates back to 1988;
as explained in the next paragraph, changes in the weights used to construct the indexes have led to revisions
prior to 1990 (the earliest year covered by this year's annual NIPA revision). The alternative indexes for the first
and second quarters of 1993 appear in this month's "Selected NIPA Tables," elsewhere in this issue.
The benchmark-years-weighted indexes have been revised back to the first quarter of 1988, and the chaintype annual-weighted indexes have been revised back to the third quarter of 1989. These revisions reflect the
incorporation of the revised NIPA estimates and the updating of the weight years used to calculate the alternative
measures; the weight years have been updated according to the schedule explained in "Alternative Measures
of Change in Real Output and Prices, Quarterly Estimates for 1959-92" in the March 1993 SURVEY. For the
benchmark-years-weighted indexes, estimates from the third quarter of 1987 to the second quarter of 1992 are
now calculated using 1987 and 1992 weights, and estimates from the third quarter of 1992 forward now use
1992 weights. (This updating did not change the estimates for the third and fourth quarters of 1987.) For the
chain-type annual-weighted indexes, estimates from the third quarter of 1991 to the second quarter of 1992 now
use 1991 and 1992 weights, and estimates from the third quarter of 1992 forward now use 1992 weights.
Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product
[Index numbers, 1987=100]
Seasonally adjusted
1989
Line
1990
1991
1992
III
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights ....
Price indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights ....
Implicit price deflator
Personal consumption expenditures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
1992
1991
1990
1988
IV
III
IV
113.4
115.2 116.3 117.7 120.3 122.0 123.0 123.3 124.0 125.5 126.8 127.8 130.2 132.0 133.5 136.4
105.3
105.3
105.1
106.1
106.1
105.9
106.6
106.6
106.4
106.6 107.0 107.9 108.3 108.1 107.2 106.6 107.0 107.3 107.5 108.4 109.2 110.1 111.6
106.7 107.0 107.9 108.3 108.1 107.2 106.6 106.9 107.2 107.3 108.2 109.0 109.8 111.3
106.4 106.8 107.7 108.1 107.9 107.0 106.3 106.7 107.0 107.2 108.0 108.8 109.7 111.1
104.7
104.6
104.7
104.5
105.6
105.6
105.6
105.5
106.9
106.9
106.9
106.9
108.2
108.1
108.1
108.1
109.2
109.0
109.0
109.1
110.2
110.0
110.0
110.1
111.7
111.4
111.5
111.5
112.9
112.7
112.7
112.7
114.3
113.9
114.0
113.8
107.9
115.7
122.2
126.1
133.0
104.7
107.0 109.0
103.9
103.9
103.8
106.6
106.6
106.4
107.9
107.9
107.6
107.1
107.0
106.8
109.8
109.5
109.4
102.5
102.5
102.4
103.6
103.6
103.5
104.3
104.2
104.1
104.0
103.9
103.9
103.9
108.6
108.5
108.5
108.5
113.6
113.2
113.3
113.3
118.2
117.8
117.9
117.7
122.1
121.5
121.7
121.1
102.2
102.1
102.2
102.1
103.3
103.3
103.3
103.2
115.3
114.9
115.0
115.0
116.8
116.4
116.5
116.4
117.8
117.4
117.4
117.3
118.7
118.3
118.4
118.2
119.5
119.1
119.1
118.9
120.8
120.3
120.4
120.0
121.8
121.2
121.3
120.9
122.5
121.8
122.0
121.2
123.5
122.6
122.9
122.2
108.0
115.4
123.2
128.0
135.6
104.8
106.8
109.0
111.3
112.7
114.6
116.4
117.9
120.5
122.1
124.6 125.7 125.9 127.4 128.8 129.9 132.6 134.3 136.2 139.4
103.6
103.6
103.5
105.6
105.5
105.4
107.2
107.1
107.0
106.8
106.5
106.5
109.5
109.0
109.1
102.5
102.5
102.4
103.1
103.1
103.0
103.9
103.9
103.8
104.9
104.9
104.8
105.0
104.9
104.8
105.2
105.2
105.1
106.0
105.9
105.8
106.2
106.2
106.0
107.0
106.8
106.7
107.2
107.1
107.0
107.7
107.6
107.5
107.0
106.9
106.8
106.2
106.1
106.0
106.7 107.0 107.1 108.2 108.7 109.8 111.3
106.5 106.8 106.8 107.8 108.3 109.3 110.7
106.4 106.7 106.7 107.8 108.3 109.4 110.8
104.3
104.2
104.2
104.2
109.5
109.4
109.3
109.3
115.2
115.0
115.0
114.9
120.5
120.1
120.1
119.9
124.9
124.4
124.5
123.9
102.3
102.3
102.3
102.3
103.6
103.6
103.6
103.6
105.0
104.9
104.9
104.9
106.2
106.1
106.1
106.1
107.5
107.5
107.4
107.4
109.1
109.0
108.9
108.9
110.0
109.9
109.9
109.8
111.2
111.1
111.0
111.0
113.0
112.8
112.8
112.7
114.2
114.0
113.9
113.9
115.9
115.7
115.6
115.6
117.9
117.6
117.5
117.5
119.0
118.7
118.6
118.5
119.9
119.6
119.6
119.4
108.3
113.8
116.0
113.4
123.2
106.2
107.3
107.4
112.2
111.7
113.3
116.6
113.5
118.9 115.4 115.8 113.8 111.2 112.0 115.2 115.2 119.9 120.8 124.1 128.0
106.2
106.2
106.0
109.2
109.0
108.8
109.7
109.4
109.2
105.7
104.6
104.6
113.1
111.6
111.8
105.3
105.3
105.2
105.7
105.7
105.5
105.0
104.9
104.7
108.8
108.7
108.5
107.8
107.7
107.5
109.0
108.9
108.7
111.6
111.5
111.3
108.2
108.0
107.8
112.7
112.4
112.2
109.4
109.2
108.9
109.6
109.3
109.0
107.3
106.8
106.7
104.1
103.4
103.3
104.5
103.6
103.5
107.1
105.9
106.0
106.9
105.6
105.7
110.6
109.3
109.4
110.8
109.!
109.6
113.7
112.2
112.4
117.3
115.5
115.7
102.0
102.0
101.8
102.0
104.5
104.4
104.1
104.2
106.3
106.0
105.6
105.7
109.1
108,4
108.0
107.3
111.5
110.4
110.2
108.9
100.9
100.9
100.8
100.9
101.5
101.5
101.4
101.5
102.4
102.4
102.1
102.3
103.3
103.2
103.0
103.1
103.8
103.7
103.5
103.6
104.2
104.1
103.8
104.0
104.8
104.6
104.3
104.!
105.2
105.1
104.7
104.9
105.9
105.7
105.3
105.5
106.0
105.8
105.4
105.5
106.3
106.0
105.5
105.6
106.9
106.5
106.1
106.1
108.1
107.5
107.1
106.8
108.7
108.1
107.7
107.1
109.6
108.8
108.5
107.5
110.0
109.1
108.8
107.8
110.7
109.7
109.5
108.4
111.5
110.4
110.2
109.0
111.8
110.5
110.4
109.1
112.1
110.8
110.7
109.1
106.2
113.7
121.6
124.4
128.7
103.0
105.0
107.4
109.4
110.9
113.4
116.1
118.9
120.0
122.7
124.7
123.9
124.6
124.6
126.4
129.1
131.7
102.4
102.4
102.3
104.0
103.9
103.9
104.9
104.8
104.8
103.7
103.5
103.5
105.1
104.9
104.9
101.2
101.2
101.2
102.0
102.0
101.9
102.8
102.7
102.7
103.5
103.5
103.4
103.7
103.6
103.5
103.5
103.5
103.4
104.1
104.0
104.0
104.7
104.7
104.6
104.8
104.7
104.7
104.9
104.8
104.7
105.3
105.2
105.2
104.6
104.5
104.4
103.7
103.5
103.5
104.0
103.8
103.8
103.8
103.6
103.6
103.3
103.1
103.0
104.0
103.8
103.8
104.3
104.1
104.1
105.1
104.9
104.9
107.0
106.7
106.7
103.8
103.8
103.8
103.7
109.5
109.4
109.4
109.3
116.2
116.0
116.0
115.9
120.5
120.!
120.2
120.0
123.0
122.7
122.7
122.4
101.8
101.8
101.8
101.8
103.0
103.0
103.0
103.0
104.6
104.5
104.5
104.5
105.7
105.7
105.7
105.6
107.1
107.0
107.0
107.0
109.7
109.6
109.6
109.5
110.1
110.0
110.0
109.9
111.0
110.9
110.9
110.8
113.8
113.6
113.6
113.4
114.6
114.5
114.5
114.4
116.8
116.6
116.6
116.5
119.7
119.3
119.4
119.;
119.9
119.6
119.7
119.5
120.3
120.0
120.0
119.8
120.5
120.3
120.3
120.1
121.2
120.9
120.9
120.7
122.0
121.'
121.7
121.5
122.7
122.4
122.4
122.1
123.4
123.1
123.1
122.8
123.8
123.5
123.5
123.1
121.0
120.6
120.6
120.3
122.0
121.6
121.6
121.3
123.4
122.9
122.9
122.5
124.5
123.9
124.0
123.6
125.5
124.9
125.0
124.1
126.5
125.8
125.9
125.3
September 1993
SURVEY OF CURRENT BUSINESS
Table 7.1.—Fixed-Weighted and Alternative Quantity and Price indexes for Gross Domestic Product—Continued
[Index numbers, 1987=100]
Seasonally adjusted
Line
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weiahts
Benchmark-years weights
Implicit price deflator
Gross private domestic investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Nonresidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights ....
Price indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights ....
Implicit price deflator
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Residential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights ....
Price indexes:
Fixed 1987 weights
Chain-type annual weiahts...
Benchmark-years weignts ....
Implicit price deflator
1988
1989
1990
1991
1992
1988
109.0
116.9
126.0
133.8
143.0
105.6 107.8 110.4 112.3
115.7
117.6
120.1
103.7
103.7
103.7
105.7
105.7
105.6
108.0
108.0
107.8
108.9
108.8
108.7
111.3
111.0
111.0
102.6
102.6
102.5
103.2
103.2
103.2
104.3
104.3
104.2
104.9
104.9
104.8
105.1
105.0
104.9
105.4
105.3
105.2
105.8
105.7
105.6
112.5
106.6 106.9 108.0 108.8 108.4 108.4 108.9 109.0 109.4 110.2 110.8
106.6 106.8 108.0 108.7 108.3 108.3 108.8 108.8 109.3 109.9 110.5 111.3 112.0
112.1
106.5 106.7 107.9 108.6 108.2 108.1 108.7 108.7 109.2 109.9 110.5
105.1
105.1
105.1
105.1
110.7
110.6
110.6
110.6
116.8
116.7
116.7
116.7
123.3
123.0
123.0
122.8
129.5
128.9
129.1
128.5
103.0
103.0
102.9
102.9
104.5
104.5
104.4
104.5
105.9
105.9
105.8
105.8
107.2
107.2
107.1
107.1
108.7
108.7
108.6
108.6
109.9
109.9
109.8
109.9
111.3
111.2
111.2
111.2
112.8
112.8
112.7
112.7
105.9
1990
1989
122.0
125.0
1992
1991
127.8
129.3
130.8
132.9
134.7
136.7
139.5
141.9
119.5
119.3
119.3
119.2
121.2
120.9
120.9
120.8
122.5
122.2
122.2
122.0
106.3 102.8 105.2 106.9 108.7 112.6 112.1 109.4 110.1 110.6 111.8 108.4 100.9
97.3
96.3
99.4 100.4 100.2 106.7 107.1 111.2
89.1
88.7
88.1
87.9
87.5
91.1
90.4
90.2
114.3
114.2
114.1
114.2
115.9
115.8
115.7
115.7
117.8
117.6
117.6
117.5
124.0
123.7
123.8
123.5
125.5
125.1
125.2
124.9
127.3
126.9
127.0
126.6
128.8
128.3
128.4
128.1
108.0
98.3
103.2
103.0
103.1
104.6
104.7
104.4
99.7
99.7
99.3
90.2
89.5
107.5
110.5
110.9
103.1
109.1
104.3
107.1 108.4 110.3 110.7 110.7 110.7 110.0 113.3 111.3 111.2 107.9 103.6 103.0 103.0 102.8 104.6
104.2
104.2
104.1
104.3
104.1
103.9
102.5
102.0
101.9
94.6
93.6
93.7
100.5
98.4
98.9
102.0
102.0
102.0
104.2
104.1
104.1
104.9
104.9
104.8
105.7
105.7
105.6
105.4
105.2
105.1
104.8
104.5
104.4
104.2
103.9
103.7
103.0
102.7
102.5
105.4
105.0
104.8
103.1
102.7
102.6
102.4
102.0
101.9
99.1
98.5
98.5
94.8
94.2
94.1
94.3
93.6
93.5
94.6
93.4
93.6
94.8
93.4
93.7
103.3
103.2
102.9
103.2
106.3
106.2
105.6
105.9
109.1
108.7
108.0
108.2
110.8
110.1
109.3
109.0
112.0
111.0
110.3
108.6
102.3
102.2
102.1
102.2
102.9
102.9
102.6
102.8
103.4
103.4
103.0
103.3
104.5
104.4
104.0
104.4
105.3
105.2
104.7
105.1
106.1
105.9
105.4
105.7
106.7
106.5
105.9
106.2
107.3
107.1
106.4
106.8
108.3
107.9
107.3
107.6
108.7
108.3
107.6
107.9
109.5
109.0
108.3
108.6
110.0
109.5
108.7
108.9
110.5
110.0
109.2
109.3
110.6
110.1
109.2
109.2
111.0
110.3
109.5
109.0
110.9
110.2
109.4
108.5
111.2
110.4
109.7
108.5
111.7
110.7
110.0
108.6
113.6
105.8
109.3 110.6 112.5 113.2
114.8
114.3
117.8
116.9
119.4
113.9
112.7
111.0
109.1
109.9
113.8
117.9
109.6
143.5
97.8 101.0 102.7 104.4 104.8 107.2 106.0 102.6 102.7 102.3 103.3 100.2
96.2 100.7 102.6 104.0 104.6 107.3 106.1 102.8 102.5 102.5 103.5 100.3
96.5 100.8 102.5 104.2 104.7 107.0 105.8 102.3 102.4 101.9 102.9 99.9
92,8
92.6
92.3
92.4
91.2
91.3
92.3
90.8
91.0
97.1
97.2
130.1
129.5
129.8
128.5
131.6
130.9
131.2
130.7
98.7
96.7
97.2
101.8
99.9
100.4
109.6
113.6
96.4 100.2 101.0 104.3
94.7 98.3 98.6 101.9
95.1 98.8 99.2 102.6
111.2
110.6
108.6
112.8
111.5
110.9
108.9
106.6 108.5 109.8 103.4 106.3 104.0 106.7 107.5 108.2 108.4 108.9 108.9 107.8 110.5 109.4 110.7 108.5 104.8 104.0 103.0 101.7 102.6 106.2 107.2 109.2
106.6 108.2 109.3 102.1 103.3 104.0 106.7 107.5 108.2 108.2 108.6 108.5 107.4 110.0 108.9 110.4 107.9 104.1 103.1 101.6 99.8 100.2 103.6 103.9 105.7
106.5 108.0 109.1 102.1 104.1 104.0 106.6 107.4 108.1 108.0 108.4 108.3 107.2 109.8 108.6 110.1 107.7 103.9 103.0 101.7 100.1 100.8 104.3 104.8 106.7
102.6
102.8
102.4
102.8
105.6
105.5
104.8
105.2
108.4
107.9
106.9
107.3
110.2
109.4
108.3
108.0
111.4
109.9
109.1
106.9
101.8
101.8
101.6
101.8
102.5
102.5
102.1
102.4
102.9
102.9
102.4
102.8
104.0
104.0
103.4
104.0
104.7
104.6
104.0
104.4
105.3
105.1
104.5
104.8
100.7
103.1
105.9
106.9
109.0
111.0
110.7
106.2
112.8
117.7
106.6
101.6
101.6
101.6
103.7
103.5
103.6
104.8
104.7
104.8
93.5
93.5
93.5
104.6
104.6
104.6
104.6
109.0
109.0
109.0
108.9
112.4
112.4
112.4
112.3
113.9
113.9
113.9
114.0
106.0
105.8
105.1
105.5
106.6
106.3
105.5
106.0
107.4
107.0
106.1
106.5
107.9
107.4
106.5
106.9
108.7
108.2
107.2
107.8
115.6
118.9
118.6
119.0
109.4
108.9
107.8
108.2
110.1
109.4
108.3
108.7
110.1
109.3
108.2
108.3
110.3
109.3
108.3
107.8
110.4
109.4
108.4
107.3
110.7
109.6
108.6
107.1
111.2
109.9
109.0
107.1
111.7
110.1
109.3
106.6
112.0
110.1
109.4
106.6
99.7
99.9
112.2
110.0
103.9
100.2
101.5
101.9
87.9 100.2 101.8 101.6 102.6 103.3 102.0 104.4 104.9 106.8 106.0 105.6 100.9
87.9 100.2 101.8 101.6 102.6 103.2 101.8 104.3 104.8 106.7 105.9 105.5 100.8
87.9 100.3 101.8 101.6 102.5 103.3 101.9 104.3 104.9 106.7 106.0 105.5 100.9
98.7
98.6
96.4
96.5
96.5
90.8
90.9
90.9
88.1
88.1
88.1
89.2
89.2
89.2
89.2
89.2
89.2
107.6
107.6
107.6
107.4
108.7
108.7
108.7
108.6
109.4
109.4
109.5
109.3
110.3
110.2
110.3
110.1
111.4
111.4
111.4
111.3
112.0
112.0
112.0
111.9
112.8
112.8
112.8
112.7
113.3
113.3
113.3
113.3
113.7
113.7
113.7
113.8
114.0
114.0
113.9
114.0
114.4
114.3
113.7
113.8
113.7
113.8
113.8
113.9
113.8
113.8
114.2
114.2
114.2
114.2
114.8
114.8
114.8
114.8
115.6
115.6
115.6
115.7
114.6
114.6
114.6
114.6
102.9
103.0
102.9
102.9
104.0
104.1
104.1
104.0
105.2
105.1
105.2
105.1
106.2
106.2
106.3
106.3
86.4
86.4
111.3
114.8
118.0
120.3
107.3
114.3
116.0
115.2
113.6
117.2
116.1
119.6
119.1
114.7
114.8
113.8
114.3
120.0
122.0
125.1
109.3
109.3
109.2
111.0
110.7
110.3
112.4
111.7
111.4
108.5
106.8
106.8
116.0
111.8
112.8
106.0
106.0
106.0
109.3
109.3
109.2
110.6
110.5
110.4
111.2
111.3
111.1
111.0
110.9
110.6
112.6
112.3
111.9
111.2
110.8
110.4
109.3
108.8
108.4
112.5
111.7
111.4
111.2
110.4
110.1
113.4
113.0
112.5
112.6
111.6
111.3
108.0
107.0
106.6
108.0
106.7
106.4
107.4
107.5
108.8
106.2
106.5
109.6
106.3
107.0
115.1
111.4
112.3
118.0
113.3
121.2
116.4
117.6
101.9
101.9
101.4
101.9
103.9
103.7
102.8
103.4
106.2
105.6
104.5
104.9
108.3
107.1
105.8
105.4
109.7
107.6
106.7
103.8
101.2
101.2
101.0
101.2
101.7
101.7
101.3
101.6
101.8
101.8
101.2
101.7
102.9
102.8
102.1
102.8
103.2
103.1
102.3
103.0
103.5
103.4
102.5
103.1
104.1
104.0
103.1
103.6
104.7
104.4
103.4
103.9
105.3
104.8
103.7
104.2
105.7
105.1
104.0
104.4
106.6
105.9
104.7
105.4
107.4
106.7
105.4
108.1
107.3
105.9
106.3
108.0
107.1
105.7
105.7
108.2
106.8
105.6
104.9
108.7
107.2
106.0
104.6
109.1
107.5
106.4
104.3
109.6
107.7
106.7
104.2
110.1
107.8
106.9
103.5
110.1
107.5
106.7
103.2
103.0
102.5
95.6
84.2
99.3
100.8
102.3
103.6
105.3 105.1 103.0 101.4 100.4 103.5
98.7
93.2
86.9
80.9
81.5
85.4
92.8
97.9
99.1
107.4
98.9
98.8
98.9
95.1
95.1
95.1
86.4
86.3
86.4
75.3
75.2
75.3
87.5
87.5
87.5
97.7
97.6
97.7
98.5
98.6
99.2
99.2
99.2
100.0
100.0
100.0
98.7
98.6
98.7
95.6
95.6
95.6
93.8
93.7
93.8
92.3
92.3
92.3
94.0
93.9
94.0
89.3
89.3
89.3
83.9
83.8
83.9
78.3
78.2
78.3
72.7
72.6
72.7
73.0
72.9
72.9
75.9
75.8
75.9
79.5
79.4
79.5
82.7
82.6
82.7
86.9
86.8
86.9
87.1
87.1
87.1
93.5
93.5
93.5
104.3
104.2
104.2
104.2
107.8
107.8
107.8
107.8
110.7
110.8
110.7
110.7
111.9
111.9
111.9
111.8
113.4
113.5
113.4
113.4
103.2
103.2
103.2
103.2
103.9
103.9
103.8
103.8
104.5
104.4
104.4
104.4
105.4
105.4
105.3
105.3
106.6
106.6
106.5
106.5
107.8
107.8
107.8
107.8
108.2
108.2
108.2
108.2
108.8
108.8
108.7
108.8
110.2
110.2
110.1
110.2
110.5
110.6
110.5
110.5
111.4
111.4
111.3
111.3
111.8
111.8
111.8
111.7
112.6
112.6
112.6
112.5
112.0
112.0
111.9
111.8
112.3
112.3
112.3
112.2
112.8
112.9
112.8
112.8
113.8
113.9
113.8
113.8
114.8
114.9
114.8
114.9
112.5
111.1
42 • September 1993
SURVEY OF CURRENT BUSINESS
Table 7.1.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product—Continued
[Index numbers, 1987=100]
Seasonally adjusted
Line
Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Imports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weignts
Implicit price deflator
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years i
Implicit price deflator ...
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
1988
1989
122.0 139.6
1990
1991
1992
1988
153.1 165.3 176.0 115.0 120.6
124.3 128.3 134.6
140.0 139.9
143.9 148.9 152.1
1992
1991
152.6
158.7 158.4 165.1 165.7
173.8 176.2 179.9
171.9
115.9 129.6 140.3 149.3 158.8 111.9 114.6 116.5 120.4 124.9 129.7
115.7 129.3 139.4 147.6 155.9 111.8 114.5 116.3 120.1 124.7 129.4
115.6 129.2 139.5 147.9 156.8 111.7 114.4 116.2 120.0 124.7 129.3
129.9 134.0 137.9 140.4 139.7 143.0 142.7 149.2 150.3 155.0 156.9 156.7 159.2 162.5
129.6 133.5 137.3 139.7 138.7 142.1 141.2 147.5 148.4 153.1 154.7 153.9 155.9 159.0
129.6 133.4 137.3 139.8 138.9 142.2 141.4 147.9 148.9 153.6 155.3 154.8 156.9 160.0
105.7
105.5
105.1
105.3
108.0
107.9
107.3
107.6
112.4
112.0
111.2
110.7
105.6
105.4
105.0
105.2
107.1
106.9
106.4
106.7
107.0
106.9
106.4
106.6
112.9
112.3
111.6
110.9
113.1
112.5
111.8
111.0
113.7
112.9
112.3
110.9
108.9 115.9 123.9 122.5 132.2 106.6 107.4
108.6
113.0 113.4 116.3 116.1 117.9 121.5 121.3 125.0 128.0 120.4 120.7 122.8 126.0
126.4
131.4 134.1 136.8
108.2
108.0
107.4
107.7
110.0
109.8
109.1
109.1
113.7
112.9
112.3
110.8
103.0
102.9
102.7
102.8
108.1
107.9
107.4
107.8
108.4
108.2
107.7
107.9
108.1
107.9
107.3
107.4
108.8
108.5
107.9
108.0
109.2
108.9
108.2
108.3
110.3
110.1
109.3
109.2
111.9
111.6
110.8
111.0
112.4
112.2
111.3
111.0
112.2
111.9
111.1
110.6
112.1
111.6
110.8
110.2
113.9
113.0
112.4
110.7
114.3
113.2
112.6
110.7
99
100
103.7 107.6 111.5 110.9 120.6 102.7 101.6 103.7 106.7 105.4 106.9 108.6 109.5 110.9 112.4 112.6 109.9 106.7 109.7 112.8 114.5 115.6 119.9 122.6 124.3
103.5 107.0 110.6 108.7 116.6 102.6 101.5 103.6 106.4 105.0 106.4 107.9 108.7 110.1 111.7 111.7 108.8 105.0 107.8 110.3 111.8 112.4 116.3 118.1 119.5
103.5 107.0 110.5 109.1 117.7 102.7 101.5 103.6 106.4 105.0 106.4 107.9 108.7 110.1 111.6 111.6 108.8 105.1 107.9 110.7 112.4 113.2 117.3 119.3 120.9
101
102
103
104
105.4
105.2
104.8
105.1
105
104.2 110.6 118.8 124.7 128.4 102.6
106
107
108
100.6 102.6 105.8 107.3 107.2 100.2 100.5 100.2 101.5 101.0 102.4 103.5 103.5 105.3 105.6 105.4 106.9 107.6 108.0 107.5 106.2 107.0 106.7 107.8 107.4
100.6 102.6 105.8 107.2 107.0 100.1 100.3 100.2 101.6 101.1 102.4 103.5 103.5 105.3 105.5 105.4 107.0 107.7 107.7 107.3 106.2 106.9 106.6 107.4 107.2
100.6 102.5 105.6 107.0 106.9 100.2 100.4 100.2 101.4 101.0 102.2 103.3 103.4 105.1 105.4 105.2 106.7 107.4 107.6 107.1 105.9 106.7 106.4 107.3 107.1
109
110
111
112
103.7
103.6
103.7
103.6
103.3
103.3
103.3
103.2
104.1
104.0
104.2
103.9
104.8
104.8
104.9
104.8
106.7
106.6
106.7
106.7
113
100.5 104.3 110.8 115.8 116.6 100.4 100.3
101.9 104.3 105.8 105.2
108.5
108.3
107.4
107.8
107.9
107.8
107.9
107.8
112.4
112.1
110.7
111.2
112.6
112.3
112.4
112.3
113.8
112.7
111.4
110.4
116.7
116.3
116.4
116.2
115.1
113.4
112.3
109.6
120.6
120.0
120.2
119.7
104.0
103.9
103.7
103.9
102.4
102.4
102.4
102.4
106.0
105.9
105.5
105.7
105.0
104.8
104.4
104.7
103.7 104.2
106.5
106.2
105.6
106.0
108.3
108.0
107.3
107.6
109.4
109.3
108.4
108.8
107.8
107.6
106.7
106.9
108.6
108.4
107.4
107.7
110.3
110.1
108.9
109.5
108.8
108.5
107.3
107.9
112.0
111.7
110.3
111.1
107.6
107.5
107.6
107.5
108.2
108.1
108.2
108.1
109.1
109.0
109.1
109.0
111.0
110.7
110.9
110.7
111.8
111.6
111.7
111.5
101.8
98.0
97.9
97.9
97.7
97.8
97.5
99.8
99.7
99.4
100.4
100.1
99.8
96.9
96.6
96.3
98.7
98.4
98.6
98.0
97.7
97.8
97.1
97.0
97.0
98.3
98.5
98.2
96.1
96.3
96.1
97.9
98.0
97.7
99.1
99.0
98.8
97.7
97.7
97.5
117
118
119
120
102.8
102.7
102.8
102.6
107.0
106.7
106.9
106.8
111.8
111.2
111.4
111.0
116.5
115.8
116.0
115.4
121.8
120.7
121.0
120.3
101.9
101.9
101.9
101.8
102.6
102.6
102.6
102.3
103.0
102.8
103.1
102.6
103.7
103.5
103.7
103.6
106.0
105.8
106.0
106.0
106.7
106.4
106.6
106.6
107.2
106.8
107.0
106.8
108.2
107.7
108.0
107.7
110.3
109.8
110.0
109.7
121
101.2 102.7 107.5 110.4 107.4
101.6
100.9 100.7 101.6 100.5
102.1 104.5
103.6
106.8 107.0
100.1 100.0
100.0 99.6
99.5
122.2
121.0
121.4
120.1
122.8
121.5
122.0
121.1
105.8 110.4 113.5 111.7 110.0
106.5
106.9 106.3
98.2
97.8
97.7
96.4
96.0
96.0
97.7
97.1
97.1
97.6
96.7
96.8
95.4
94.6
94.7
125
126
127
128
103.1
103.0
102.9
103.0
107.1
106.9
106.7
106.6
112.1
111.4
111.4
110.7
116.5
115.8
115.6
114.7
122.3
121.2
121.2
120.1
102.1
102.1
102.0
102.0
102.9
102.8
102.7
102.7
103.4
103.3
103.2
103.3
103.9
103.9
103.6
103.9
106.3
106.2
106.0
106.1
106.8
106.6
106.4
106.4
107.1
106.9
106.7
106.4
108.3
107.8
107.8
107.5
110.6
110.0
109.9
109.4
111.3
110.7
110.6
109.6
112.7
111.9
111.9
111.0
109.5
121.1 132.9
145.4
96.8
98.2
96.3
102.5 106.3
111.4
109.8
110.5 119.1
102.0 108.2 113.3 120.4
103.2 109.8 115.0 122.1
102.4 108.8 113.6 120.7
95.7
94.9
95.6
97.0
96.2
96.9
96.0
95.8
96.3
103.9
99.8 100.
100.5 101.5 105.1
100.3 100.9 104.2
101.5
101.5
101.8
101
101.9
101.8
102.4
101.2
101.6
101.1
102.6
100.4
97.1
96.8
97.3
133
134
135
136
102.0
101.7
102.7
101.4
137
107.1 115.5 125.0 131.6 137.5
138
139
140
102.6 106.4 110.5 112.7 115.2 101.5 102.4 102.7 103.9 104.9 105.8 106.9 108.0 109.3
102.6 106.4 110.5 112.7 115.0 101.5 102.4 102.7 103.9 104.8 105.8 106.8 108.0 109.3
102.6 106.4 110.5 112.7 115.1 101.5 102.4 102.7 103.9 104.8 105.8 106.9 108.0 109.3
141
142
143
144
104.3
104.3
104.3
104.3
102.8
102.8
102.8
102.8
103.8
103.8
103.8
103.8
104.9
104.9
104.9
104.9
105.8
105.8
105.7
105.7
107.;
107.2
107.2
107.2
108.2
108.3
108.2
108.2
115.2
114.4
114.7
114.3
97.8 100.0
97.4 99.2
97.2 99.2
114.0
113.1
113.0
112.9
115.1
114.3
114.2
113.5
115.6
114.9
115.1
114.2
108.4
108.1
98.9
97.4
97.7
95.7
94.6
94.8
90.7
90.3
90.2
89.4
89.0
88.9
88.3
87.8
87.7
90.5
89.2
89.3
89.5
88.5
88.6
115.3
114.7
114.5
113.0
116.7
116.1
115.9
114.9
118.9
117.9
117.9
117.5
121.0
120.1
120.0
119.6
121.8
121.0
120.9
120.3
122.8
121.6
121.6
119.8
123.5
122.2
122.2
120.8
119.7 122.8 122.8 127.8 132.5 135.2
135.9 143.4 144.5 146.6 147.2
101.8 101.9 107.7 107.4 108.9 108.6 109.6 113.0 115.4 115.4 119.4 119.9 121.2 121.1
103.0 103.0 109.2 108.9 110.6 110.5 111.7 114.6 116.8 116.9 120.9 121.6 123.0 122.9
102.2 102.:
108.3 108.1 109.6 109.2 109.9 113.3 115.6 115.6 119.6 120.2 121.5 121.5
130
131
132
119.6
119.6
119.5
119.4
115.7 115.5
121.4
120.4
120.8
120.4
96.0
95.8
95.7
116.8
116.8
116.7
116.7
121.7
121.0
121.3
120.8
120.6
119.8
120.0
119.7
94.7
94.6
94.7
113.2
113.2
113.1
1132
121.0
120.3
120.5
119.9
118.6
117.5
117.9
117.5
97.8
97.8
97.6
108.6
108.6
108.6
108.6
116.7 116.1 113.6
120.3
119.8
119.9
119.7
119.3
118.7
118.9
118.6
116.7
116.1
116.3
115.6
111.0
113.5
110.5
112.6
110.7 111.9 113.0
110.1 111.5 112.9
97.4
97.4
97.3
109.9 112.4
118.0
117.5
117.7
117.5
97.1
96.8
96.5
98.3
98.2
98.1
104.3 106.3 107.7
117.0
116.7
116.8
116.5
117.5
99.6
99.5
99.5
106.4
105.8
107.0
107.1
116.1
115.8
115.9
115.5
97.9
97.3
97.0
89.4
88.6
88.7
105.2
104.7
106.1
105.8
124.8 125.2 124.8 126.9 127.7 129.2 129.8
117.6
96.3
95.4
95.5
102.9
102.3
103.8
102.6
115.9
114.1
113.0
110.0
95.9
95.9
95.5
97.1
96.5
96.5
120.2
119.1
120.5
120.8
116.3
114.4
113.3
109.3
96.7
96.6
96.3
96.3
96.1
96.0
116.5
115.6
116.8
117.2
112.6
113.9 114.5
111.3 112.6 112.2 112.9
110.1 111.5 111.2 111.8
108.9 110.0 109.3 109.6
96.7
96.7
96.3
98.3
98.2
98.1
110.8
110.3
111.4
112.0
113.4 116.9
113.1
112.1
110.8
110.1
98.6 100.4 102.3 102.3 100.4
98.5 100.6 102.2 101.5 99.9
98.3 100.1 101.8 101.4 99.8
122
123
124
106.7
106.1
107.3
107.3
115.4
114.6
113.1
112.9
113.1
115.5
112.8
115.2
112.9 114.2 115.3
112.8 114.2 115.2
109.8 110.1 109.9
99.6
114
115
116
129
118.3
118.0
116.2
116.5
106.4 107.8 110.1 111.8 112.8 116.6 117.7 118.9 122.1 124.0
NOTE.—The quantity and price indexes in this table are calculated from weighted averages of the detailed output
and prices used to prepare each aggregate and component. The fixed-weighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type indexes with annual weights use weights for
1990
1989
116.8
115.9
117.1
117.2
117.1
116.4
117.7
117.8
107.3
106.6
107.8
107.8
107.8
107.3
108.4
108.4
109.
109.0
110.1
110.5
110.2
112.0 115.5
109.8 110.9 111.3 114.6
110.9 112.0 112.6 115.9
111.4 112.8 113.1 116.7
116.3
115.4
116.6
117.3
116.
118.7
121.8
123.6 125.9 128.9 129.1
131.0 132.4 133.5 135.5 137.:
109.0
109.0
109.0
109.0
109.9
109.9
109.9
109.9
111.5
111.5
111.4
111.5
119.6
118.7
119.9
120.0
119.9
118.9
120.:
120.6
120.3
119.2
120.6
121.0
120.9
119.7
121.2
121.6
138.2 139.2
109.9 110.7 111.9 111.8 112.5 113.0 113.6 115.0 115.1 115.4 115.4
114.8 114.9 115.2 115.3
110.0 110.7 111.9 111.8 112.5 112.9 113.
110.0 110.7 111.9 111.8 112.5 112.9 113.5 114.8 114.9 115.3 115.3
112.4
112.4
112.3
112.4
113.7
113.7
113.6
113.7
115.1
115.2
115.1
115.2
115.8
115.8
115.7
115.8
116.4 117.:
116.5 117.;
116.4
116.4
117.7
117.6
117.5
117.5
118.2
118.1
118.1
117.9
119.5
119.4
119.3
119.2
120.0
119.9
119.9
119.7
120.9
120.8
120.7
120.6
the preceding and current years, and the indexes with benchmark-years weights use weights of 1959, 1963, 1967,
1972, 1977, 1982, and 1987 and the most recent year. Percent changes from preceding period for selected items
in this table are shown in table 8.1.
September 1993
SURVEY OF CURRENT BUSINESS
•
43
Table 7.2.—Fixed-Weighted and Alternative Quantity and Price Indexes for Gross Domestic Product, Final Sales, and Purchases
[Index numbers, 1987=100]
Seasonally adjusted
1989
1990
1991
1992
107.9
115.7
122.2
126.1
133.0
104.7
107.0
109.0
111.1
113.4
115.2
116.3
117.7
120.3
122.0
123.0
123.3
124.0
125.5
126.8
127.8
130.2
132.0 133.5
136.4
103.9
103.9
103.8
106.6
106.6
106.4
107.9
107.9
107.6
107.1
107.0
106.8
109.8
109.5
109.4
102.5
102.5
102.4
103.6
103.6
103.5
104.3
104.2
104.1
105.3
105.3
105.1
106.1
106.1
105.9
106.6
106.6
106.4
106.6
106.7
106.4
107.0
107.0
106.8
107.9
107.9
107.7
108.3
108.3
108.1
108.1
108.1
107.9
107.2
107.2
107.0
106.6
106.6
106.3
107.0
106.9
106.7
107.3
107.2
107.0
107.5
107.3
107.2
108.4
108.2
108.0
109.2
109.0
108.8
110.1
109.8
109.7
111.6
111.3
104.0
103.9
103.9
103.9
108.6
108.5
108.5
108.5
113.6
113.2
113.3
113.3
118.2
117.8
117.9
117.7
122.1
121.5
121.7
121.1
102.2
102.1
102.2
102.1
103.3
103.3
103.3
103.2
104.7
104.6
104.7
104.5
105.6
105.6
105.6
105.5
106.9
106.9
106.9
106.9
108.2
108.1
108.1
108.1
109.2
109.0
109.0
109.1
110.2
110.0
110.0
110.1
111.7
111.4
111.5
111.5
112.9
112.7
112.7
112.7
114.3
113.9
114.0
113.8
115.3
114.9
115.0
115.0
116.8
116.4
116.5
116.4
117.8
117.4
117.4
117.3
118.7
118.3
118.4
118.2
119.5
119.1
119.1
118.9
120.8
120.3
120.4
120.0
121.8
121.2
121.3
120.9
122.5
121.8
122.0
121.2
123.5
122.6
122.9
122.2
108.2
115.6
122.7
127.0
133.6
104.9
107.3
109.2
111.4
113.1
115.0
116.5
117.7
120.8
122.0
123.5
124.6
125.2
126.7
127.6
128.4
131.0
132.5
134.0
137.0
104.1
104.1
104.0
106.5
106.5
106.3
108.4
108.3
108.1
107.9
107.7
107.6
110.3
109.9
109.9
102.7
102.7
102.6
103.9
103.9
103.7
104.4
104.4
104.2
105.4
105.4
105.3
105.8
105.8
105.6
106.4
106.4
106.2
106.9
106.8
106.6
107.0
107.0
106.8
108.4
108.3
108.1
108.3
108.2
108.1
108.5
108.4
108.2
108.3
108.2
108.0
107.6
107.5
107.3
108.1
107.9
107.7
108.0
107.8
107.6
108.0
107.7
107.6
109.2
108.8
108.8
109.5
109.2
109.1
110.5
110.1
110.0
112.1
111.6
111.5
104.0
104.0
103.9
103.9
108.6
108.5
108.5
108.5
113.6
113.3
113.3
113.2
118.3
117.9
117.9
117.7
122.2
121.6
121.7
121.1
102.2
102.2
102.2
102.1
103.3
103.3
103.3
103.3
104.7
104.7
104.7
104.7
105.7
105.6
105.6
105.6
107.0
106.9
106.9
106.9
108.2
108.1
108.1
108.1
109.2
109.1
109.1
109.0
110.2
110.0
110.0
110.0
111.8
111.5
111.5
111.4
113.0
112.8
112.7
112.7
114.3
114.0
114.0
113.9
115.4
115.0
115.1
115.0
116.8
116.5
116.5
116.4
117.8
117.5
117.5
117.3
118.8
118.4
118.4
118.2
119.6
119.2
119.2
118.9
120.8
120.4
120.4
120.0
121.8
121.2
121.4
120.9
122.6
121.9
122.1
121.3
123.6
122.7
122.9
122.2
106.9
113.8
120.0
122.6
129.6
104.1
106.0
107.7
110.0
111.8
113.4
115.7
118.2
119.6
120.9
121.1
121.0
121.9
123.4
124.2
126.3
128.7
130.2
133.1
103.0
102.9
102.9
104.9
104.8
104.7
105.7
105.7
105.6
104.2
104.1
103.9
107.2
106.7
106.7
101.8
101.8
101.8
102.6
102.5
102.5
103.3
103.2
103.2
104.3
104.2
104.1
104.6
104.6
104.4
104.8
104.8
104.6
105.0
105.0
104.8
105.1
105.1
105.0
105.9
105.9
105.7
106.3
1065
106.1
106.1
106.1
105.9
104.7
104.7
104.6
103.8
103.7
103.6
104.0
103.9
103.7
104.6
104.4
104.3
104.5
104.3
104.2
105.4
105.1
105.0
106.7
106.3
106.3
107.6
107.0
107.1
109.1
108.4
108.5
104.0
103.9
103.9
103.9
108.6
108.6
108.5
108.5
113.7
113.5
113.4
113.4
118.2
117.8
117.7
117.7
122.0
121.5
121.5
120.9
102.3
102.3
102.3
102.2
103.4
103.4
103.4
103.3
104.5
104.5
104.5
104.3
105.6
105.6
105.5
105.5
107.0
106.9
106.9
106.9
108.3
108.2
108.1
108.2
109.1
109.0
109.0
109.0
110.2
110.0
110.0
110.0
111.8
111.6
111.6
111.6
112.8
112.6
112.5
112.6
114.3
114.0
114.0
114.0
115.9
115.6
115.6
115.6
117.0
116.6
116.6
116.6
117.7
117.4
117.3
117.3
118.6
118.2
118.2
118.0
119.5
119.1
119.0
118.8
120.6
120.2
120.1
119.8
121.6
121.1
121.1
120.6
122.5
121.9
121.9
121.0
123.4
122.8
122.8
122.1
Line
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Final sales of domestic product1:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Gross domestic purchases2:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
Final sales to domestic purchasers3:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
1988
1989
1992
1991
107.2
113.8
120.5
123.5
130.2
104.3
106.3
108.0
110.2
111.5
113.2
114.7
115.7
118.7
119.6
121.4
122.3
122.1
123.1
124.1
124.7
127.1
129.1
130.7
133.6
103.1
103.1
103.0
104.8
104.8
104.6
106.2
106.1
106.0
105.0
104.8
104.7
107.7
107.1
107.2
102.0
102.0
101.9
102.8
102.8
102.7
103.4
103.3
103.3
104.4
104.4
104.3
104.3
104.2
104.1
104.6
104.6
104.4
105.2
105.1
105.0
105.2
105.1
105.0
106.4
106.3
106.2
106.3
106.1
106.0
106.5
106.4
106.3
105.8
105.7
105.5
104.7
104.6
104.5
105.0
104.8
104.7
105.2
104.9
104.8
105.0
104.7
104.6
106.1
105.7
105.7
107.0
106.5
106.5
108.0
107.4
107.5
109.5
108.7
108.9
104.0
104.0
103.9
103.9
108.7
108.6
108.5
108.5
113.8
113.6
113.4
113.4
118.2
117.9
117.8
117.6
122.1
121.6
121.5
120.9
102.3
102.3
102.3
102.3
103.5
103.4
103.4
103.4
104.6
104.5
104.5
104.5
105.7
105.6
105.6
105.6
107.0
106.9
106.9
106.9
108.3
108.2
108.2
108.2
109.2
109.1
109.0
108.9
110.2
110.1
110.0
110.0
111.9
111.7
111.6
111.5
112.9
112.7
112.6
112.6
114.4
114.1
114.0
114.0
116.0
115.7
115.6
115.6
117.0
116.7
116.6
116.6
117.8
117.5
117.3
117.2
118.7
118.3
118.2
118.0
119.5
119.1
119.0
118.8
120.7
120.3
120.2
119.8
121.7
121.2
121.1
120.7
122.6
122.0
122.0
121.0
123.4
122.8
122.8
122.0
1. Equals GDP less change in business inventories.
2. Equals GDP less net exports of goods and services or equals the sum of personal consumption expenditures,
gross private domestic investment, and government purchases.
1990
3. Equals gross domestic purchases less change in business inventories or equals the sum of personal consumption expenditures, gross private domestic fixed investment, and government purchases.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
44 • September 1993
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
Line
1988
1989
1990
1991
1992
1988
I
II
1989
IV
III
I
II
1990
III
IV
I
II
1992
1991
IV
III
I
II
I
IV
III
II
III
IV
Gross domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
1
79
72
56
32
55
61
91
76
81
86
63
38
51
91
59
3 1
1 0
24
48
4.3
32
74
5.7
4.6
92
2
3
4
3.9
3.9
3.8
2.5
2.6
2.5
1.2
1.2
1.2
-.7
-.8
-.8
2.6
2.3
2.4
2.6
2.6
2.1
4.3
4.4
4.2
2.5
2.4
2.4
3.9
4.1
3.9
3.2
3.4
3.1
1.8
1.7
1.6
0
0
0
1.5
1.3
1.5
3.5
3.5
3.4
1.5
1.4
1.5
-.9
-.8
-.8
-3.2
-3.1
-3.1
-2.4
-2.4
-2.5
1.5
1.3
1.4
1.4
.9
1.2
.6
.4
.5
3.5
3.2
3.4
2.8
3.0
2.9
3.4
3.0
3.1
5.7
5.5
5.5
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
5
6
7
4.0
3.9
3.9
4.5
4.4
4.4
4.6
4.4
4.4
4.1
4.0
4.0
3.3
3.1
3.2
3.7
3.5
3.4
4.5
4.5
4.5
5.4
5.4
5.4
3.7
3.7
3.6
5.0
5.0
4.9
4.8
4.6
4.5
3.8
3.7
3.7
3.7
3.5
3.6
5.8
5.5
5.6
4.4
4.5
4.5
4.7
4.3
4.5
3.8
3.8
3.8
5.1
5.2
5.1
3.4
3.5
3.4
3.4
3.1
3.2
2.7
2.7
2.6
4.2
4.1
4.1
3.4
2.9
3.3
2.5
2.0
2.3
3.1
2.8
2.9
8
8.0
6.9
6.8
3.9
6.0
9.9
7.9
8.4
8.9
5.1
7.0
6.3
5.3
9.2
5.3
8.3
3.7
.7
4.7
4.4
3.5
8.6
5.4
5.7
qq
9
10
11
3.6
3.6
3.5
1.9
1.9
1.8
1.5
1.5
1.5
-.4
-.5
—5
2.6
2.3
2.5
7.1
7.1
6.8
2.5
2.5
2.5
2.9
2.9
2.8
4.1
4.1
4.0
.1
0
0
1.1
1.0
1.0
2.9
2.8
2.8
.8
.9
.8
2.8
2.7
2.7
.9
1.0
.9
2.1
2.0
2.0
-2.7
-2.7
-2.7
-2.8
-2.9
-2.9
1.8
1.5
1.6
1.3
.9
1.1
0
.1
.1
4.3
4.0
4.2
1.8
1.8
1.8
4.2
3.8
4.0
5.6
5.1
5?
12
13
14
4.3
4.2
4.2
5.0
4.9
4.9
5.3
5.2
5.2
4.5
4.4
4.5
3.7
3.6
3.6
2.7
2.7
2.6
5.2
5.2
5.2
5.3
5.3
5.3
4.6
4.6
4.6
5.2
5.1
5.1
5.9
5.9
5.8
3.5
3.4
3.5
4.4
4.4
4.3
6.6
6.3
6.4
4.2
4.2
4.2
6.3
6.1
6.1
7.0
6.7
6.8
3.9
3.8
3.8
3.2
3.2
3.2
3.4
3.4
3.4
3.5
3.4
3.4
4.5
4.3
4.4
3.6
3.5
3.6
3.4
3.2
3.3
3.1
2.9
3.0
-6 5
-8.9
2.8
12.1
.1
17.2
3.2
11.2
-8.1 -11.4
-8.5 -12.3
-8.4 -12.1
1.6
.8
1.0
10.4
9.2
9.8
-1.0
-1.1
-1.0
14.7
14.6
14.7
.8
.8
.8
10.7
10.4
10.7
13.2
12.1
12.2
3.2
2.5
2.8
1.5
1.2
1.4
2.6
2.3
2.4
2.9
2.4
2.7
1.1
.7
.8
1.1
1.0
1.1
Personal consumption expenditures:
Current dollars
Quantity indexes:
Fixed 1987 weights .
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
15
8.3
5.1
1.9
-2.2
8.6
21.1
4.1
.4
19.1
-1.8
6.2
120 -10 2
201 -11 0
1 1
16
17
18
6.2
6.2
6.0
2.8
2.7
2.7
.5
.4
.3
-3.7
-4.4
-4.2
7.0
6.7
6.8
21.7
21.6
21.4
1.7
1.7
1.4
-2.9
-2.9
-3.0
15.3
15.3
15.3
-3.6
-3.8
-3.7
4.7
4.6
4.4
9.8 -11.7
9.8 -11.8
9.9 -11.9
17.5 -11.0
17.3 -11.2
17.4 -11.3
.5
.4
.4
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
19
20
21
2.0
2.0
1.8
2.4
2.3
2.2
1.7
1.5
1.4
2.6
2.3
2.3
2.2
1.8
2.0
-.4
-.5
-.8
2.4
2.4
2.2
3.4
3.3
3.1
3.4
3.3
3.2
2.0
2.0
1.9
1.6
1.5
1.3
2.3
2.2
2.1
1.7
1.6
1.4
2.8
2.4
2.3
.4
.3
.2
.8
.7
.7
22
6.2
7.0
6.9
2.3
3.4
4.8
8.1
9.3
7.6
5.7
9.4
3.7
5.8
10.0
4.0
23
24
25
2.4
2.4
2.3
1.6
1.6
1.6
.9
.8
.8
-1.2
-1.3
-1.2
1.4
1.4
1.4
3.6
3.5
3.4
3.0
3.0
2.9
3.3
3.1
3.1
2.9
2.9
2.9
.5
.4
.5
-.4
-.5
-.5
2.2
2.2
2.1
2.4
2.4
2.4
.3
.1
.3
.3
.4
.4
26
27
28
3.8
3.8
3.8
5.5
5.4
5.4
6.2
6.1
6.1
3.7
3.6
3.6
2.1
2.0
2.1
1.3
1.3
1.3
5.0
5.0
5.0
6.0
5.9
5.9
4.5
4.5
4.5
5.3
5.2
5.2
10.1
10.0
9.9
1.6
1.5
1.5
3.3
3.3
3.2
10.4
10.0
10.1
29
9.0
7.2
7.8
6.1
6.9
10.4
8.7
9.8
7.3
6.5
5.7
6.6
9.0
30
31
32
3.7
3.7
3.7
1.9
1.9
1.8
2.2
2.2
2.2
.8
.7
.8
2.2
2.0
2.1
6.0
5.9
5.8
2.5
2.5
2.5
4.2
4.2
4.1
2.2
2.3
2.2
.8
.6
.6
1.1
1.1
1.1
1.7
1.6
1.6
3.3
3.3
3.2
33
34
35
5.1
5.1
5.1
5.3
5.3
5.3
5.6
5.5
5.5
5.5
5.4
5.4
5.0
4.8
4.9
4.3
4.3
4.2
6.1
6.1
6.0
5.4
5.4
5.4
5.0
5.0
5.0
5.9
5.8
5.8
4.5
4.5
4.5
5.0
4.9
4.9
5.7
5.8
5.7
36
5.9
4.9
-2.8
-8.9
8.1 -14.0
9.6
6.4
7.2
15.1
-1.7
-9.5
37
38
39
3.2
3.0
3.1
1.4
1.7
1.3
-4.7
-9.5
-4.7 -10.2
-4.9 -10.0
8.5 -17.3
7.4 -17.2
7.9 -18.9
6.8
7.4
6.9
6.8
5.6
6.6
1.4
2.3
2.0
9.4
10.9
9.0
-4.1 -12.2
-4.2 -11.9
-12.8
43
7.5
2.8
.4
-7.0
5.8
7.1
11.5
4.7
7.3
1.4
.2
44
45
46
4.2
4.2
4.1
.1
-.1
_p
-1.7
-2.0
-1.9
-7.7
-8.2
-8.1
6.2
5.1
5.6
2.1
1.8
1.5
8.7
8.7
8.4
2.8
2.8
2.7
2.9
3.1
3.0
-1.3
-1.6
-1.8
-2.2
-2.6
-2.7
47
48
49
3.3
3.2
2.9
3.0
2.9
2.6
2.6
2.4
2.2
1.5
1.3
1.2
1.1
.8
.9
5.2
5.1
4.7
2.7
2.6
2.2
2.0
1.8
1.5
4.1
4.0
3.8
3.2
3.1
2.9
3.0
2.9
2.7
2.2
2.2
2.0
50
96
42
33
-52
1 7
101
138
46
74
23
36
51
52
53
6.6
6.6
6.5
1.7
1.5
1.4
1.2
1.0
1.0
-5.9
-6.5
-6.3
2.9
1.2
2.0
5.7
5.4
5.0
11.0
10.9
10.5
2.9
2.8
2.7
2.7
3.0
2.9
.5
0
-.3
2.0
1.5
1.4
54
55
56
2.8
2.8
2.4
2.7
2.6
2.3
2.6
2.3
2.0
1.7
1.4
1.3
1.1
g
4.3
4.3
3.8
2.7
2.6
2.0
1.8
1.7
1.3
4.3
4.2
3.8
2.6
2.4
2.2
2.3
12
1.9
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross private domestic Investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Nonresidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights...
Benchmark-years weights ....
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights ....
2.4
2.1
2.1
4.4
3.9
3.9
2.5
2.2
2.2
9.3
6.5
-2.6
2.2
.3
0
5.9
3.2
5.5
8.2
1.7
1.7
1.7
-2.8
-2.9
-2.8
-3.5
-3.7
-3.6
1.1
1.1
1.0
-.7
-.7
-.7
-2.0
-2.0
-2.0
3.1
3.0
3.1
1.1
1.1
1.1
3.0
3.0
3.1
7.3
7.0
7.0
3.0
3.3
3.2
7.7
7.5
7.5
10.3
9.8
10.0
.9
1.0
.9
1.2
1.2
1.2
.7
.9
.8
2.2
2.1
2.1
2.8
2.8
2.8
2.2
2.1
2.2
2.5
2.4
2.5
1.3
1.1
1.2
6.3
10.3
9.3
4.5
5.0
6.5
5.3
6.4
8.4
7.1
4.7
10.1
.8
1.0
1.0
4.5
4.4
4.4
2.7
2.6
2.6
-1.3
-1.3
-1.4
-.2
-.3
-.3
2.2
1.9
2.0
.3
.2
.3
1.5
1.6
1.6
2.6
2.4
2.5
2.4
2.3
2.4
3.3
2.9
3.1
2.9
2.6
2.8
5.2
5.1
5.2
5.7
5.7
5.7
6.7
6.5
6.6
6.0
5.9
5.9
5.7
5.4
5.5
4.5
4.5
4.6
5.1
5.0
5.1
4.7
4.6
4.7
6.0
5.7
5.8
4.6
4.5
4.6
4.4
4.1
4.3
4.6
4.4
4.5
2.8
1.8
4.4 -11.5 -24.9 -13.7
-4.1
13.4
4.3
-.8
28.7
1 3
1fi4
.3
-1.3
-1.6
0
-2.0
3.9 -11.3 -26.4 -15.1
4.0 -11.6 -27.4 -16.0
4.2 -11.2 -27.0 -15.8
-4.7
-3.3
-4.2
14.7
11.6
13.2
5.7
3.8
4.8
-1.7
-1.1
28.9
30.5
30.0
1.4
-1.4
-.1
13.3
13.8
13 fl
-.2
-2.5
12.8
-7.0
-.2 -11.3 -15.1
-2.4
.3
-.8
6.8
17.4
2.9
1Sfl
-2.3
-2.5
-2.5
-4.4
-4.5
-4.5
9.6
9.2
9.3
-8.1
-8.4
-8.3
-3.0 -12.1 -16.4
-2.7 -13.0 -16.5
-2.7 -12.8 -16.6
-1.8
-2.5
-2.3
1.0
-.5
.2
.8
6.9
5.7
6.3
16.9
16.1
16.5
3.1
1.2
1.7
14.C
14.1
14.3
2.3
2.1
1.9
3.7
3.3
3.1
1.7
1.5
1.3
2.9
2.7
2.6
1.8
1.8
1.6
.5
.2
.2
1.6
.6
1.0
_5
-A
-A
1.1
1.0
1.1
1.7
1.1
1.4
2.5
1.7
2.0
1.7
1.1
1.2
22
-1 9
128
-2 8
85
-64 -11 5
-4 0
-5 9
-6 6
28
149
21
7A
_g
-5
-3.7
-3.9
-3.9
10.4
10.0
10.2
-4.1
-4.2
-4.2
5.0
5.6
5.5
-7.7 -13.2
-8.8 -13.3
-8.5 -13.5
-2.7
-3.7
-3.4
-3.8
-5.9
-4.9
-5.1
-6.9
-6.0
3.5
1.8
2.7
15.1
13.9
14.6
3.8
1.2
1.9
7.6
7.4
7.6
2.6
2.5
2.3
2.4
2.0
1.8
3.0
2.5
2.2
1.8
1.6
1 3
3.1
2.9
2.8
0
-.3
-.4
.9
-.2
.2
.4
/
A
1.1
.9
1.0
1.6
9
2.0
.9
1.2
.8
.1
.2
40
41
42
7
1.8
1.8
1.6
2.8
2.5
2.4
2.3
2.1
1.8
1.2
SURVEY OF CURRENT BUSINESS
September 1993 •
45
Table 8.1.—Percent Change From Preceding Period in Selected Series—Continued
[Percent]
Seasonally adjusted at annual rates
Line
1988
1989
1990
1991
1992
1988
I
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
57
6.2
6.2
4.3
58
59
60
1.6
1.6
1.6
2.1
1.9
2.0
1.1 -10.8
1.2 -10.7
1.1 -10.7
61
62
63
4.6
4.6
4.6
4.2
4.2
4.2
3.1
3.1
3.1
-9.4
1.4
1.4
1.4
II
1989
III
IV
1990
1
II
III
I
IV
II
1992
1991
III
IV
I
II
III
IV
I
II
-7.3
11.3
3.8
8.3
7.5
-1.3
13.0
5.2
11.8
-.8
1.2 -15.0
-7.0
-7.7
-20.3 -13.4
5.2
-6.0 -13.4
-6.0 -13.5
-6.0 -13.7
6.7
6.6
6.4
_7
-J
3.7
3.7
3.6
3.0
2.4
2.8
-5.1
-5.2
-5.2
9.7
10.0
9.9
2.3
2.3
2.2
7.1
7.3
7.2
-2.8
-2.9
-2.9
-1.5 -16.7
-1.6 -16.5
-1.6 -16.6
-8.5
-8.3
-8.5
-8.7 -21.3 -11.3
-8.5 -21.3 -11.6
-8.6 -21.3 -11.5
4.9
4.8
5.0
4.4
4.3
4.4
4.2
4.2
4.2
5.3
5.2
5.2
4.1
4.2
4.1
2.7
2.7
2.7
3.0
3.0
3.0
4.3
4.3
4.2
2.2
2.2
2.2
2.7
2.8
2.7
-5.5
.6
.6
.6
7.0
7.0
7.1
4.3
4.3
4.4
1.8
1.8
1.8
1.5
1.5
1.5
.9
.9
.9
1.4
1.5
1.5
-2.3
-2.1
-2.2
IV
III
1.4
-8.2
.7
.3 -10.3
.2 -10.3
.1 -10.4
-2.1
-1.9
-1.9
.4
.4
.4
1.1
1.2
1.2
2.3
2.3
2.3
2.7
2.8
2.8
Producers' durable
A/11 liltlftAFlt*
equipmeni.
Current dollars
Quantity
indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
rnce inaexes.
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Residential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights...
Benchmark-years weights ....
64
11.3
3.1
2.7
-3.1
5.3
20.4
14.9
5.3
6.8
-1
6.0
-2.8
-5.5
13.2
-3.7
12.6
-1.6 -13.7
-2.1
2.2
-3.3
1.7
21.5
65
66
67
9.3
9.3
9.2
1.6
1.3
1.0
1.2
.9
.9
-3.5
-4.4
-4.1
6.9
4.7
5.7
17.1
16.8
16.4
13.1
13.1
12.7
4.7
4.6
4.5
2.3
2.6
2.6
-.8
-1.2
-1.9
5.7
5.1
4.8
-4.8
-5.4
-5.4
-6.6
-7.0
-7.0
12.2
11.4
11.7
-4.6
-4.8
-4.8
8.3
9.7
9.3
-3.1 -15.3
-4.6 -15.7
-4.2 -15.8
.1
-1.1
-.8
5.3
2.8
4.0
-2.2
-4.6
-3.4
2.8
.5
1.7
22.0
20.8
21.5
10.2
6.7
7.7
11.5
11.6
11.9
68
69
70
1.9
1.9
1.4
2.0
1.8
1.4
2.3
1.9
1.6
1.9
1.4
1.3
1.3
.5
.8
3.0
2.9
2.3
1.8
1.8
1.0
.5
.4
-.1
4.4
4.1
3.7
1.1
1.0
.8
1.3
1.2
.8
2.5
2.4
2.1
2.1
1.5
1.3
2.3
1.6
1.2
1.6
1.2
1.0
3.4
3.0
2.9
2.7
2.4
2.0
-.5
-.8
-1.0
.6
-1.0
-.4
1.9
1.6
1.7
1.5
1.1
1.3
1.9
.7
1.3
1.8
.4
.8
-.2
-1.1
-.9
-.8
-7.7
-6.1
-4.0
13.0 -17.3 -20.7 -24.3 -25.0
3.1
20.6
17.5
18.3
24.4
5.0
37.5
-5.4 -11.7
-5.3 -11.8
-5.3 -11.8
-7.6
-7.4
-7.4
-5.9
-6.1
-6.0
7.1 -18.3 -22.1 -24.3 -25.5
7.3 -18.3 -22.3 -24.2 -25.6
7.2 -18.3 -22.2 -24.2 -25.6
1.2
1.3
1.3
17.3
17.3
17.3
20.3
20.4
20.4
16.8
16.8
16.8
21.8
21.9
21.9
1.2
1.3
1.3
32.8
32.9
32.8
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights ....
4.7
4.7
4.7
1.4
1.4
1.4
2.2
2.2
2.2
5.2
5.3
5.3
1.3
1.4
1.3
3.1
3.0
3.0
-2.4
-2.4
-2.4
1.1
1.4
1.2
1.8
1.9
1.9
3.6
3.6
3.6
3.7
3.6
3.6
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Imports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
71
3.0
-.5
-6.8 -11.9
17.9
.9
6.3
4.9
7.0
72
73
74
-1.1
-1.2
-1.1
-3.8
-3.8
-3.8
-9.2 -12.9
-9.2 -12.9
-9.2 -12.9
16.3
16.3
16.3
-5.8
-5.8
-5.7
3.7
3.7
3.7
2.7
2.7
2.7
3.3
3.3
3.2
75
76
77
4.3
4.2
4.2
3.4
3.5
3.5
2.7
2.7
2.7
1.1
1.1
1.1
1.3
1.4
1.4
7.2
7.1
7.0
2.6
2.6
2.6
2.2
2.2
2.2
3.6
3.6
3.6
4.5
4.6
4.7
78
22.0
14.4
9.7
8.0
6.5
29.4
20.9
13.0
13.5
20.9
17.2
-.4
12.1
14.6
79
80
81
15.8
15.7
15.6
11.9
11.8
11.8
8.2
7.8
8.0
6.4
5.8
6.0
6.4
5.6
6.0
23.6
23.7
22.2
10.3
10.1
10.1
6.8
6.5
6.4
14.0
13.8
13.8
15.7
16.2
16.5
16.3
15.8
15.6
.8
.7
.9
13.1
12.4
12.5
12.1
12.0
12.0
82
83
84
5.7
5.5
5.1
2.4
2.3
2.2
1.7
1.7
1.5
2.2
2.0
2.0
1.2
.8
1.0
5.2
4.9
4.2
10.1
9.7
9.2
6.0
5.7
5.5
-.4
0
-.2
4.2
3.9
3.8
1.3
1.3
1.2
-1.4
-1.3
-1.4
.1
.1
-.1
85
8.9
6.4
6.9
-1.2
7.9
3.7
2.8
4.9
17.1
1.3
10.6
-.6
6.3
3.3
2.9
2.7
7.0 10.3
2.3
2.1
2.2
-.1
-.1
-.1
.9
.9
.9
1.5
1.6
1.6
8.8
1.3
17.1
-.8
17.9
1.5
15.9
5.2
-.8
5.6
8.8
7.6
7.0
7.7
-1.9
-2.8
-2.7
9.6
10.2
9.7
-.8
-2.4
-2.1
19.4
19.0
19.6
3.0
2.5
2.7
13.3
13.2
13.2
4.9
4.3
4.6
-.6
-2.1
-1.4
6.5
5.4
5.6
8.8
8.1
8.2
2.5
2.4
2.2
1.5
1.5
1.3
4.1
4.2
4.0
5.9
5.7
5.7
2.1
2.1
1.8
-.7
-.6
-.9 -1.1
— 9 -.9
3.1
2.4
2.7
.7
.8
.7
2.1
1.5
1.8
.7
.3
.4
1.4
.8
.9
12.7
-.7
13.1
9.9 -21.7
1.1
10.7
1.2
17.0
8.4
8.2
.5 -9.1 -11.1
-.1 -10.0 -13.2
.1 -9.6 -12.9
11.7
10.8
11.0
11.8
9.7
10.8
6.3
5.7
6.1
3.8
2.0
2.9
15.9
14.5
15.3
9.2
6.4
7.2
5.6
5.0
5.2
24.1 -9.4
24.6 -11.1
23.2 -10.2
-7.7
-8.4
-8.1
-1.7
-2.7
-2.3
5.5
4.6
5.0
-.8
-1.3
-1.0
2.1
2.2
2.2
6.3
5.4
5.5
-1.3
-1.0
-1.0
86
87
88
3.7
3.5
3.5
3.7
3.4
3.3
3.6
3.4
3.3
-.5
-1.7
-1.3
8.7
7.2
7.9
-1.2
-1.1
-1.8
-4.0
-4.4
-4.5
8.7
8.7
8.5
11.7
11.4
11.5
-4.8
-5.2
-5.4
5.8
5.5
5.6
6.5
5.5
5.7
3.3
3.0
3.3
5.6
5.4
5.1
5.4
6.0
5.7
89
90
91
5.4
5.2
4.8
3.0
3.0
2.5
3.5
3.5
3.0
1.3
.5
.6
1.2
.6
.8
4.8
4.6
4.0
8.1
8.0
7.1
-3.9
-4.0
-4.2
5.8
5.2
4.9
6.9
7.0
6.4
4.2
4.8
4.1
-5.6
-5.8
-5.8
3.1
3.0
2.5
6.2
6.5
5.7
-5.2
-5.9
-5.6
12.3
12.4
11.6
7.1
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
92
4.2
6.1
7.4
5.0
3.0
1.5
4.1
2.1
8.6
5.6
8.6
6.5
3.7
14.0
3.8
4.3
11.2
6.3
2.5
1.5
-1.4
6.8
2.6
4.8
1.7
93
94
95
.6
.6
.6
2.0
2.1
1.9
3.1
3.1
3.1
1.5
1.3
1.3
-.1
-.2
-.2
-4.1
-4.4
-4.1
.9
.7
.7
-.9
-.4
-.7
5.0
5.4
4.9
-1.6
-1.7
-1.6
5.3
5.2
4.9
4.5
4.1
4.3
.2
.3
.3
7.0
6.9
6.9
1.1
.8
1.0
-.6
-.3
-.5
5.8
6.2
5.8
2.8
2.4
2.5
1.4
.3
1.0
-2.0
-1.7
-1.8
-4.7
-4.1
-4.4
3.0
2.7
2.8
-1.0
-1.0
-1.0
4.1
3.1
3.3
-1.4
-.8
-.8
Fixed 1987 weights .
Chain-type annual weights
Benchmark-years weights
96
97
98
3.7
3.6
3.7
4.1
4.0
4.0
4.3
4.2
4.2
3.6
3.6
3.5
3.4
3.1
3.2
6.0
5.9
5.7
3.5
3.5
3.5
3.0
2.9
3.3
2.9
2.9
2.8
7.2
7.2
7.1
3.3
3.2
3.2
2.4
2.4
2.4
3.4
3.2
3.3
6.9
6.7
6.7
3.0
3.1
3.0
4.8
4.5
4.6
4.8
4.5
4.6
3.9
4.0
3.9
1.8
2.1
1.9
3.3
3.2
3.2
3.6
2.8
3.2
4.2
4.1
4.1
3.6
3.6
3.6
2.1
1.8
1.9
2.6
2.5
2.5
.7
-5.9
-.6
-2.6
9.2
.3
9.8
5.8
-2.1
18.5
.9
-.4
13.2
13.2
-.7
-2.3
-8.2
7.6
7.6
-.4
-3.5 -11.6
-3.4 -12.3
-3.5 -11.8
-2.6
-2.9
-2.9
-3.7
-2.7
-3.3
5.1
6.1
5.1
-8.5
-8.7
-8.3
7.6
7.6
6.7
5.0
4.1
4.4
-5.5
-5.3
-5.2
10.3
9.8
9.8
-.7
-1.5
-1.1
-5.2
-4.6
-5.0
7.5
8.8
7.7
7.8
6.7
6.8
-.2
-2.8
-1.2
-6.9 -14.2
-6.0 -12.5
-6.4 -13.3
0
-.1
-.1
-3.1
-3.1
-3.1
8.7
6.0
6.5
-3.5
-2.1
-2.1
7.0
6.8
6.5
2.8
2.7
2.8
1.3
.9
1.8
2.7
2.6
2.4
9.5
9.5
9.4
2.4
2.1
2.2
1.8
1.7
1.7
3.7
3.3
3.5
8.3
8.0
7.9
2.6
2.7
2.5
5.0
4.3
4.6
4.1
3.4
3.7
6.2
6.6
6.4
1.1
1.8
1.4
7.2
7.7
7.5
2.5
2.3
2.4
2.7
1.8
2.1
2.1
1.8
2.0
-6.0
Federal:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights...
Benchmark-years weights ....
Price indexes:
Fixed 1987 weights
Chain-type annual weights ...
Benchmark-years weights ....
.5
3.8
6.2
4.5
100
101
102
-2.0
-2.1
-2.1
-.3
-.1
-.4
2.1
2.0
1.9
.6
.4
.4
103
104
105
2.8
2.7
2.8
4.1
3.9
4.0
4.5
4.2
4.2
4.2
4.1
4.1
4.5
4.2
4.4
99
106
1.2
1.5
4.7
2.7
-2.7
1.2
-2.5
-1.1
3.9
-4.4
6.6
9.9
-3.6
13.3
.5
-4.3
18.5
11.5
107
108
109
-1.7
-1.8
-1.9
-2.0
-2.2
-2.2
.8
.4
.5
-.8
-1.1
-1.0
7.1
-7.1
-7.1
-5.6
-5.7
-5.9
-5.0
-5.3
-5.4
-3.4
-3.0
-3.6
1.6 -12.0
1.7 -12.4
1.5 -11.6
5.5
5.0
4.4
9.6
8.6
8.8
-7.3
-7.0
-7.0
5.5
4.6
5.0
-.4
-1.6
-1.2
-8.8
-8.4
-8.5
10.7
12.4
11.2
9.1
7.6
8.3
110
111
112
3.1
3.0
2.9
3.9
3.8
3.7
4.7
4.3
4.4
3.9
3.9
3.8
4.9
4.7
4.8
7.4
7.1
6.5
3.2
3.1
2.8
2.1
2.0
2.2
9.5
9.4
9.5
1.8
1.4
1.7
1.4
1.2
1.2
4.2
3.6
4.0
8.9
8.4
8.4
2.5
2.6
2.3
5.2
4.4
4.7
4.7
4.1
4.2
4.0
4.4
4.4
1.9
2.0
1.5
4.1
4.0
4.0
6.5
5.1
5.7
—8
-6.1 -11.9
1.4
-2.4
8.4
-1.3
-4.4 -12.3 -19.2
-7.3 -10.8 -17.1
-5.8 -11.4 -18.0
-5.5
-5.7
-5.6
-5.0
-5.4
-5.1
10.5
6.6
7.3
-4.6
-3.0
-2.9
7.1
7.7
7.4
3.0
2.9
2.9
3.2
2.1
2.5
2.1
1.8
1.9
.6
1.5
1.0
4.9
5.0
4.9
7.8
6.4
7.0
46 • September 1993
SURVEY OF CURRENT BUSINESS
Table 8.1.—Percent Change From Preceding Period in Selected Series—Continued
[Percent]
Seasonally adjusted at annual rates
Line
1988
1989
1990
1991
1992
1988
I
II
1990
1989
III
IV
1
II
III
I
IV
II
1992
1991
IV
III
I
II
I
IV
III
II
III
IV
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights...
Benchmark-years weignts ....
113
-1.6
11.3
10.6
9.7
9.4
-25.3
5.9
-7.3
28.0
15.5
205
-5.7
2.8
35.0
2.2
10.8
-.4
17.5
15.3
8.7
1.9
23.7
3.3
5.8
1.8
114
115
116
-2.9
-3.2
-2.7
5.1
6.5
5.3
5.9
6.5
6.2
4.9
4.7
4.5
6.2 -28.3
6.2 -30.4
6.2 -27.8
5.5
5.4
5.5
-4.4
-1.6
-2.5
17.2
21.4
17.6
3.1
3.8
2.4
14.0
15.2
14.0
-8.0
-8.0
-7.6
.8
.1
.5
24.8
26.5
25.4
-1.2
-1.2
-.7
5.3
6.4
5.5
-1.2
-.4
-1.4
4.0
4.3
2.8
12.7
10.8
12.9
9.1
7.7
8.4
0
.3
.1
14.5
14.4
14.4
1.5
2.5
2.0
4.4
4.5
4.6
—4
-.1
-.1
Fixed 1987 weights
Chain-type annual weights...
Benchmark-years weights ....
117
118
119
2.0
1.7
2.7
4.6
4.4
4.6
3.8
3.9
3.8
5.2
4.8
4.9
3.1
3.1
3.1
5.8
5.9
6.1
1.8
1.4
2.4
-1.3
-2.5
.5
5.2
4.6
4.8
9.4
9.7
9.1
4.3
4.4
3.6
3.4
3.0
3.1
2.2
2.4
2.1
6.2
6.7
6.5
2.8
3.1
2.8
4.2
4.0
4.1
2.3
1.4
2.3
13.3
12.5
12.1
2.8
2.6
2.6
1.5
1.7
1.6
2.4
2.1
2.2
7.6
7.9
7.7
1.1
.7
1.0
1.2
.9
1.1
1.9
1.9
1.9
120
7.1
7.9
8.2
5.2
4.5
7.3
7.7
5.6
8.2
9.4
7.7
7.1
7.8
11.1
5.9
7.6
9.9
1.8
4.8
4.2
3.4
6.3
5.0
3.0
3.1
121
122
123
2.6
2.6
2.6
3.7
3.7
3.7
3.8
3.9
3.9
2.0
2.0
2.0
2.2
2.1
2.1
2.0
2.1
2.1
3.5
3.5
3.5
1.3
1.3
1.4
4.9
4.9
4.8
3.6
3.5
3.6
3.7
3.6
3.6
4.1
4.1
4.2
4.4
4.5
4.4
4.8
4.9
4.8
2.3
2.4
2.4
2.7
2.8
2.7
4.6
4.5
4.4
-.5
-.5
-.4
2.6
2.6
2.5
1.7
1.4
1.5
2.2
2.0
2.1
5.0
4.6
4.7
.4
.4
.4
1.2
1.2
1.2
0
.1
.1
124
125
126
4.3
4.3
4.3
4.1
4.1
4.1
4.2
4.2
4.2
3.2
3.2
3.2
2.5
2.4
2.4
5.2
5.2
5.2
4.1
4.1
4.0
4.3
4.3
4.4
3.1
3.1
3.1
5.5
5.6
5.6
4.0
4.0
4.0
2.9
2.9
2.8
3.2
3.2
3.1
5.9
5.9
5.9
3.4
3.4
3.3
4.6
4.7
4.6
5.3
5.2
5.2
2.2
2.3
2.2
2.4
2.3
2.3
2.7
2.6
2.6
1.5
1.3
1.4
1.9
1.8
1.8
4.4
4.4
4.5
1.7
1.8
1.8
2.9
2.9
2.9
127
8.2
6.8
6.2
3.5
5.2
10.0
9.4
7.4
8.1
6.4
6.7
5.5
4.3
10.8
4.1
5.0
3.4
2.1
5.0
2.7
2.5
8.5
4.4
4.9
9.1
128
129
130
4.1
4.1
4.0
2.3
2.3
2.3
1.7
1.7
1.7
-.4
-.5
-.5
2.3
2.0
2.1
6.3
6.2
6.0
4.6
4.6
4.4
1.9
1.9
1.9
4.1
4.2
4.0
1.5
1.4
1.4
2.2
2.1
1.9
1.8
1.7
1.8
.7
.8
.7
5.2
5.0
5.1
-.4
-.5
-.4
.5
.7
.6
-.6
-.6
-.7
-2.7
-2.6
-2.7
1.9
1.4
1.7
-.4
-.5
-.4
-.1
-.1
-.1
4.5
4.2
4.4
1.4
1.4
1.3
3.7
3.4
3.4
5.8
5.6
5.5
131
132
133
4.0
4.0
39
4.5
4.4
44
4.6
4.4
44
4.1
4.0
40
3.3
3.1
32
3.7
3.6
34
4.5
4.5
45
5.5
5.4
55
3.7
3.7
36
5.0
4.8
49
4.8
4.6
46
3.7
3.7
37
3.7
3.5
36
5.9
5.6
56
4.4
4.5
44
4.7
4.4
45
3.9
3.8
37
5.0
5.1
51
3.5
3.5
34
3.4
3.2
33
2.7
2.6
26
4.2
4.1
42
3.4
2.9
33
2.5
2.0
23
3.2
2.7
28
134
69
64
54
22
57
4 1
74
69
86
67
58
37
46
89
49
44
5
-3
31
49
27
70
76
49
91
2.9
2.5
2.7
.6
.6
.2
2.9
3.0
2.8
2.8
2.7
2.8
3.9
4.0
3.9
1.2
1.3
1.1
1.0
.9
.8
.6
.6
.5
.6
.4
.7
2.9
2.9
2.8
1.4
1.3
1.4
-.6
-.5
-.5
-5.1
-5.0
-5.1
-3.6
-3.7
-3.7
.8
.7
.7
2.4
1.7
2.0
-.1
-.2
_p
3.4
3.0
3.2
4.7
4.6
4.7
3.8
3.0
3.3
5.4
5.1
5.1
4.3
4.2
4.3
4.2
4.3
4.2
5.2
5.3
5.1
5.0
4.9
4.8
3.1
3.1
3.1
3.9
3.8
3.8
6.1
5.9
5.9
3.6
3.6
3.6
5.5
5.2
5.3
5.7
5.6
5.6
3.6
3.7
3.5
2.5
2.6
2.5
3.1
2.8
3.0
3.0
2.9
2.9
3.9
3.8
3.9
3.3
3.2
3.3
3.0
2.7
2.8
2.8
2.7
2.7
—5
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Addenda:
Final sales of domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weiahts
Chain-type annual weights
Benchmark-years weights
Fixed 1987 weights
Chain-type annual weights
Bench mark-vears weiahts
Gross domestic purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Final sales to domestic purchasers:
Current dollars
Quantity indexes:
Fixed 1987 weiahts
Chain-type annual weights
Benchmark-years weignts
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross national product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
135
136
137
3.0
2.9
2.9
1.8
1.9
1.8
.8
.9
.8
-1.4
-1.6
-1.5
138
139
140
4.0
3.9
3.9
4.5
4.5
4.4
4.7
4.5
4.5
3.9
3.9
3.8
3.3
3.1
3.2
3.7
3.5
3.5
4.5
4.4
4.4
141
72
61
59
25
54
78
77
66
86
46
62
54
38
106
31
63
28
33
33
20
80
63
52
90
142
143
144
3.1
3.1
3.0
1.7
1.6
1.6
1.3
1.3
1.3
-1.2
-1.3
-1.2
2.5
2.2
2.4
4.1
4.0
3.9
3.2
3.1
3.0
22
12
2.2
4.1
4.2
4.0
-.4
-.6
-.6
1.3
1.2
1.1
2.4
2.2
2.3
-.1
0
0
4.6
4.4
4.4
-.5
-.5
-.5
.8
.9
.8
-2.6
-2.6
-2.7
-3.8
-3.9
-3.9
1.2
.8
.9
.6
.2
.4
-.8
-.8
-.7
4.4
3.9
4.2
3.3
3.0
3.2
4.0
3.4
3.6
5.5
5.2
5.2
145
146
147
4.0
4.0
39
4.5
4.4
44
4.7
4.6
46
3.9
3.8
38
3.3
3.1
32
3.7
3.6
35
4.5
4.5
44
4.4
4.3
43
4.2
4.2
42
5.2
5.2
51
5.0
4.9
49
3.1
3.0
30
3.9
3.8
38
6.2
5.9
60
3.6
3.6
35
5.5
5.3
53
5.8
5.6
56
3.6
3.5
35
2.5
2.6
25
3.1
3.0
2.9
2.8
28
3.9
3.9
39
3.3
3.2
30
33
3.0
2.7
28
2.8
2.7
27
148
8.0
7.3
5.7
3.0
5.4
6.4
8.5
7.5
8.6
9.0
6.3
4.0
5.4
9.0
5.8
3.0
2.2
1.9
3.9
4.0
3.5
7.9
4.7
4.8
8.5
149
150
151
4.0
3.9
3.9
2.7
2.7
2.6
1.3
1.3
1.3
-.9
-.9
-.9
2.5
2.2
23
3.0
2.9
25
3.8
3.9
36
2.4
2.3
23
4.3
4.5
43
3.5
3.7
35
1.7
1.7
1 6
.1
.2
.2
1.8
1.6
1.8
3.4
3.4
34
1.4
1.2
1 4
-1.0
-.9
-9
-2.1
-2.0
-2 0
-2.9
-2.9
-3 0
.7
6
1.1
.6
8
.9
.7
8
4.0
3.7
39
1.9
2.1
1 9
3.6
3.2
33
5.0
4.9
48
152
153
154
4.0
3.9
3.9
4.5
4.4
4.4
4.6
4.4
4.4
4.1
4.0
4.0
3.3
3.1
3.2
3.7
3.5
3.4
4.5
4.5
4.5
5.4
5.4
5.4
3.7
3.7
3.6
5.0
5.0
4.9
4.8
4.6
46
3.8
3.7
3.7
3.7
3.5
3.5
5.8
5.5
5.5
4.4
4.5
4.5
4.7
4.3
4.4
3.8
3.8
3.8
5.0
5.2
5.1
3.4
3.5
3.4
3.4
3.0
32
2.7
2.7
26
4.2
4.1
4 1
3.4
2.9
3.3
25
2.0
22
3.1
2.7
28
155
4.0
2.7
1.0
-.6
2.7
2.9
4.0
3.3
3.9
3.4
1.4
.8
1.4
3.0
2.2
-1.9
-3.4
-1.6
1.6
1.4
.7
4.4
1.7
3.6
4.7
156
157
7.9
3.5
6.7
1.8
7.0
1.7
4.4
.1
6.4
2.9
8.1
5.4
6.0
.7
7.9
2.5
9.0
4.2
8.7
3.5
3.1
-2.6
4.0
.7
7.5
2.9
11.8
5.2
4.9
5.3
-.7
3.3
-.4
4.8
1.9
2.1
-.9
5.8
2.2
8.5
4.2
6.8
3.1
3.4
1.9
15.1
10.6
Command-basis gross national
Quantity"index, fixed 1987 weights ..
Disposable personal income:
Current dollars
1987 dollars
NOTE.—Except for disposable personal income, the quantity and price indexes in this table are calculated from
weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixedweighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type
c
6.1
—5
indexes with annual weights use weights for the preceding and current years, and the indexes with benchmarkyears weights use weights of 1959,1963,1967,1972,1977,1982, and 1987 and the most recent year.
September 1993
SURVEY OF CURRENT BUSINESS
•
47
Summary National Income and Product Series, 1929-92
Tables 1-4 present historical summary series from the national income and product accounts (NIPA'S).
Tables 1 and 2 cover current- and constant-dollar gross domestic product and its components, table 3 covers
NIPA price indexes, and table 4 covers national income and personal income. Annual estimates are shown back
to 1929 in tables 1, 2, and 4 and back to 1959 in table 3. Quarterly estimates are shown back to 1946 in tables 1
and 4, back to 1947 in table 2, and back to 1959 in table 3. These tables reflect the results of the annual NIPA
revision that was presented in the August 1993 SURVEY OF CURRENT BUSINESS.
Table 1.—Gross Domestic Product
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
1929 .
1930 .
1931 .
1932 .
1933 .
1934 .
1935 .
1936 .
1937 .
1938 .
1939 .
1940 .
1941 .
1942 .
1943 .
1944 .
1945 .,
1946 .,
1947 ..
1948 ..
1949 ..
1950 .,
1951 .,
1952 .,
1953 .,
1954 .,
1955 .,
1956 .,
1957 ..
1958 .,
1959 .,
1960 ..
1961 ..
1962 .,
1963 ..
1964 ..
1965 ..
1966 ..
1967 ..
1968 ..
1969 ..
1970 .,
1971 ..
1972 ..
1973 ..
1974 ..
1975 ..
1976 ..
1977 .,
1978 ..
1979 .,
1980 .,
1981 ..
1982 .,
1983 .,
1984 .,
1985 ..
1986 ..
1987 .,
1988 .,
1989 .,
1990 ..
1991 ..
1992 ..
1946:I
III
IV
1947: I
II .
Ill
IV
1948:I
GDP
Total
Durable
goods
Nondurable
goods
Services
Gross private domestic investment
Total
Nonresidential
Residential
CBI
Net exports
Net
Percent change from preceding
period
Government purchases
Exports
Imports
Total
Federal
State
and
local
Final
sales of
domestic
product
Gross
domestic purchases
Gross
national
product
GDP
Final
sales of
domestic
product
Gross
domestic purchases
GNP
77.5
9.2
37.7
30.5
16.7
11.0
1.7
5.9
5.6
1.5
7.1
101.4
102.7
103.9
70.2
60.7
48.7
45.9
51.4
7.2
5.5
3.6
3.5
4.2
34.0
29.0
22.7
22.3
26.7
29.0
26.2
22.3
20.2
20.5
10.6
5.9
1.1
1.7
3.7
8.6
5.3
2.9
2.5
3.3
-.4
-1.1
-2.5
-1.5
-.6
0
0
.1
.3
4.4
2.9
2.0
2.0
2.6
4.1
2.9
1.9
1.9
2.2
9.2
9.2
8.1
7.9
9.7
1.6
1.7
1.6
2.1
3.0
7.6
7.5
6.4
5.9
6.6
90.7
76.9
60.4
57.1
65.7
90.0
75.7
57.9
55.5
64.8
91.1
76.3
58.3
55.9
65.4
-12.4
-16.2
-23.5
-4.1
17.1
-10.5
-15.2
-21.4
-5.6
15.1
-12.4
-15.9
-23.5
-4.1
16.7
-12.3
-16.3
-23.5
-4.2
17.0
55.9
62.2
66.8
64.2
67.2
5.1
6.3
6.9
5.7
6.7
29.3
32.9
35.2
34.0
35.1
21.5
23.0
24.7
24.6
25.4
6.7
8.7
12.2
7.1
9.3
4.3
5.8
7.5
5.5
6.1
1.3
1.7
2.1
2.1
3.0
1.1
1.2
2.7
-.6
.2
-.2
-2
0
.9
.8
2.8
3.0
4.0
3.8
3.9
3.0
3.2
4.0
2.8
3.1
10.0
12.1
11.7
12.7
13.5
3.0
5.2
4.7
5.2
5.5
6.9
6.9
7.1
7.4
8.1
71.2
81.5
88.1
85.5
90.6
72.5
82.9
90.8
83.9
90.0
72.7
83.0
91.2
85.3
91.3
11.1
14.4
8.4
14.5
8.1
-3.0
6.0
12.0
14.3
9.5
-7.5
7.3
11.1
14.2
9.8
-6.5
7.0
100.0
125.0
158.5
192.4
211.0
71.2
81.0
88.9
99.7
108.5
7.8
9.7
6.9
6.5
6.7
37.0
42.9
50.8
58.6
64.3
26.4
28.5
31.3
34.6
37.4
13.6
18.2
10.5
6.1
7.8
7.7
9.7
6.3
5.4
7.4
3.5
4.1
2.2
1.4
1.4
2.4
4.4
1.9
-.8
1.4
1.0
-.3
-2.4
-2.2
4.8
5.4
4.3
3.9
4.8
3.4
4.4
4.6
6.3
6.9
13.8
24.8
59.5
88.9
96.9
6.0
17.1
52.0
81.7
89.5
7.8
7.7
7.6
7.3
7.4
97.7
120.6
156.6
193.2
211.9
98.7
124.1
158.9
194.7
213.2
100.4
125.5
159.0
192.8
211.5
10.2
25.0
26.8
21.3
9.7
7.8
23.5
29.9
23.3
9.7
9.6
25.8
28.0
22.6
9.5
10.0
25.0
26.7
21.2
9.7
213.1
211.9
234.3
260.3
259.3
119.9
144.3
162.3
175.4
178.9
8.0
15.8
20.4
22.9
25.0
71.9
82.7
90.9
96.6
94.9
40.0
45.8
51.0
56.0
59.0
10.9
31.3
35.0
48.1
36.7
10.6
17.3
23.5
26.8
24.9
1.7
7.8
12.1
15.6
14.6
-1.4
6.2
-.5
5.6
-2.8
-.9
7.1
10.8
5.4
5.2
6.7
14.1
18.7
15.5
14.4
7.5
7.0
7.9
10.1
9.2
83.3
29.2
26.2
31.4
38.5
75.4
19.6
13.8
16.5
21.0
7.9
9.6
12.4
14.8
17.5
214.6
205.7
234.8
254.7
262.1
214.0
204.8
223.5
254.9
254.1
213.5
212.6
235.5
261.8
260.7
1.0
-.6
10.6
11.1
-.4
1.3
-4.1
14.1
8.5
2.9
.4
-4.3
9.2
14.0
-.3
1.0
-.4
10.8
11.2
-.5
287.0
331.6
349.7
370.0
370.9
192.7
208.7
219.7
233.5
240.7
30.8
29.9
29.3
32.7
32.1
98.2
109.2
114.7
117.8
119.7
63.7
69.7
75.7
83.0
89.0
54.2
60.3
54.0
56.3
53.8
27.8
31.8
31.9
35.1
34.7
20.5
18.4
18.6
19.4
21.1
5.9
10.1
3.5
1.8
-1.9
.7
2.4
1.0
12.3
17.0
16.3
15.2
15.7
11.6
14.6
15.3
16.0
15.4
39.5
60.2
74.9
81.0
76.0
20.2
39.0
52.4
56.8
49.0
19.3
21.3
22.6
24.2
27.0
281.1
321.6
346.2
368.2
372.8
286.4
329.2
348.6
370.8
370.6
288.5
333.6
351.8
372.0
373.1
10.7
15.5
5.4
5.8
.2
7.2
14.4
7.6
6.4
1.3
12.7
15.0
5.9
6.4
-.1
10.7
15.6
5.4
5.7
.3
404.3
426.2
448.6
454.7
494.2
259.1
271.9
286.7
296.3
318.1
38.9
38.2
39.7
37.2
42.8
124.7
130.8
137.1
141.7
148.5
95.5
103.0
109.9
117.4
126.8
72.2
70.6
64.5
78.8
39.0
44.5
47.5
42.5
46.5
25.0
23.6
22.2
22.3
28.1
4.9
4.1
.9
-.4
4.2
.4
2.3
4.0
.4
-1.7
17.6
21.2
23.9
20.4
20.6
17.2
18.9
19.9
20.0
22.3
75.8
79.8
87.4
93.5
99.0
46.2
47.5
51.6
54.0
57.1
29.6
32.3
35.8
39.5
41.8
399.3
422.1
447.7
455.1
490.0
403.9
424.0
444.6
454.3
495.8
406.8
429.1
451.8
457.5
497.0
9.0
5.4
5.2
1.4
8.7
7.1
5.7
6.1
1.7
7.7
9.0
5.0
4.9
2.2
9.1
9.0
5.5
5.3
1.3
513.3
531.8
571.6
603.1
648.0
332.4
343.5
364.4
384.2
412.5
43.5
41.9
47.0
51.8
56.8
153.1
157.4
163.8
169.4
179.7
135.9
144.1
153.6
163.1
175.9
78.7
77.9
87.9
93.4
101.7
49.2
48.6
52.8
55.6
62.4
26.3
26.4
29.0
32.1
34.3
3.2
2.9
6.1
5.7
5.0
2.4
3.4
2.4
3.3
5.5
25.3
26.0
27.4
29.4
33.6
22.8
22.7
25.0
26.1
28.1
99.8
107.0
116.8
122.3
128.3
55.3
58.6
65.4
66.4
67.5
44.5
48.4
51.4
55.8
60.9
510.1
528.9
565.5
597.5
643.0
510.9
528.4
569.1
599.8
642.5
516.6
535.4
575.8
607.7
653.0
4.1
3.7
6.9
5.7
7.6
3.0
3.4
7.7
5.4
7.1
702.7
769.8
814.3
889.3
959.5
444.6
481.6
509.3
559.1
603.7
63.5
68.5
70.6
81.0
86.2
191.9
208.5
216.9
235.0
252.2
189.2
204.6
221.7
243.1
265.3
118.0
130.4
128.0
139.9
155.2
74.1
84.4
85.2
92.1
102.9
34.2
32.3
32.4
38.7
42.6
9.7
13.8
10.5
9.1
9.7
3.9
1.9
1.4
-1.3
-1.2
35.4
38.9
41.4
45.3
49.3
31.5
37.1
39.9
46.6
50.5
136.3
155.9
175.6
191.5
201.8
69.5
81.3
92.8
99.2
100.5
74.6
82.7
92.3
101.3
693.0
756.0
803.8
880.2
949.8
767.9
812.9
890.6
960.7
708.1
774.9
819.8
895.5
965.6
3.9
3.6
7.5
5.5
7.4
8.4
9.5
5.8
9.2
7.9
7.8
9.1
6.3
9.5
7.9
9.9
5.9
9.6
7.9
3.9
3.6
7.5
5.5
7.5
8.4
9.4
5.8
9.2
7.8
1,010.7
1,097.2
1,207.0
1,349.6
1,458.6
646.5
700.3
767.8
848.1
927.7
85.3
97.2
110.7
124.1
123.0
270.4
283.3
305.2
339.6
380.8
290.8
319.8
351.9
384.5
423.9
150.3
175.5
205.6
243.1
245.8
106.7
111.7
126.1
150.0
165.6
41.4
55.8
69.7
75.3
66.0
2.3
8.0
9.9
17.7
14.3
1.2
-3.0
-8.0
.6
-3.1
57.0
59.3
66.2
91.8
124.3
55.8
62.3
74.2
91.2
127.5
212.7
224.3
241.5
257.7
288.3
100.1
100.0
106.9
108.5
117.6
112.6
124.3
134.7
149.2
170.7
1,008.4
1,089.2
1,197.1
1,331.9
1,444.4
1,009.5
1,100.2
1,215.0
1,349.0
1,461.8
1,017.1
1,104.9
1,215.7
1,362.3
1,474.3
5.3
8.6
10.0
11.8
8.1
6.2
8.0
9.9
11.3
8.4
5.1
9.0
10.4
11.0
8.4
5.3
8.6
10.0
12.1
8.2
1,585.9
1,768.4
1,974.1
2,232.7
2,488.6
1,024.9
1,143.1
1,271.5
1,421.2
1,583.7
134.3
160.0
182.6
202.3
214.2
416.0
451.8
490.4
541.5
613.3
474.5
531.2
598.4
677.4
756.2
226.0
286.4
358.3
434.0
480.2
169.0
187.2
223.2
274.5
326.4
62.7
82.5
110.3
131.6
141.0
-5.7
16.7
24.7
27.9
12.8
13.6
-2.3
-23.7
-26.1
-23.8
136.3
148.9
158.8
186.1
228.9
122.7
151.1
182.4
212.3
252.7
321.4
341.3
368.0
403.6
448.5
129.4
135.8
147.9
162.2
179.3
192.0
205.5
220.1
241.4
269.2
1,591.5
1,751.7
1,949.4
2,204.8
2,475.9
1,572.3
1,770.7
1,997.8
2,258.8
2,512.5
1,599.1
1,785.5
1,994.6
2,254.5
2,520.8
8.7
11.5
11.6
13.1
11.5
10.2
10.1
11.3
13.1
12.3
7.6
12.6
12.8
13.1
11.2
8.5
11.7
11.7
13.0
11.8
2,708.0
3,030.6
3,149.6
3,405.0
3,777.2
1,748.1
1,926.2
2,059.2
2,257.5
2,460.3
212.5
228.5
236.5
275.0
317.9
682.9
744.2
772.3
817.8
873.0
852.7
953.5
1,050.4
1,164.7
1,269.4
467.6
558.0
503.4
546.7
718.9
353.8
410.0
413.7
400.2
468.9
123.3
122.5
105.7
152.0
178.9
-9.5
25.4
-15.9
-5.5
71.1
-14.7
-14.7
-20.6
-51.4
-102.7
279.2
303.0
282.6
276.7
302.4
293.9
317.7
303.2
328.1
405.1
507.1
561.1
607.6
652.3
700.8
209.1
240.8
266.6
292.0
310.9
298.0
320.3
341.1
360.3
389.9
2,717.5
3,005.2
3,165.5
3,410.6
3,706.1
2,722.8
3,045.3
3,170.2
3,456.5
3,879.9
2,742.1
3,063.8
3,179.8
3,434.4
3,801.5
8.8
11.9
3.9
8.1
10.9
9.8
10.6
5.3
7.7
8.7
8.4
11.8
4.1
9.0
12.2
8.8
11.7
3.8
8.0
10.7
4,038.7
4,268.6
4,539.9
4,900.4
5,250.8
2,667.4
2,850.6
3,052.2
3,296.1
3,523.1
352.9
389.6
403.7
437.1
459.4
919.4
952.2
1,011.1
1,073.8
1,149.5
1,395.1
1,508.8
1,637.4
1,785.2
1,914.2
714.5
717.6
749.3
793.6
832.3
504.0
492.4
497.8
545.4
568.1
185.9
216.6
225.2
232.0
230.9
24.6
8.6
26.3
16.2
33.3
-115.6
-132.5
-143.1
-108.0
-79.7
302.1
319.2
364.0
444.2
508.0
417.6
451.7
507.1
552.2
587.7
772.3
833.0
881.5
918.7
975.2
344.3
367.8
384.9
387.0
401.6
428.1
465.3
496.6
531.7
573.6
4,014.1
4,260.0
4,513.7
4,884.2
5,217.5
4,154.3
4,401.2
4,683.0
5,008.4
5,330.5
4,053.6
4,277.7
4,544.5
4,908.2
5,266.8
6.9
5.7
6.4
7.9
7.2
8.3
6.1
6.0
8.2
6.8
7.1
5.9
6.4
6.9
6.4
6.6
5.5
6.2
8.0
7.3
5,546.1 3,761.2
5,722.9 3,906.4
6,038.5 4,139.9
468.2
457.8
497.3
1,229.2
1,257.9
1,300.9
2,063.8
2,190.7
2,341.6
808.9
736.9
796.5
586.7
555.9
565.5
215.3
189.6
223.6
6.9
-8.6
7.3
-71.4
-19.6
-29.6
557.1
601.5
640.5
628.5
621.1
670.1
1,047.4
1,099.3
1,131.8
426.5
445.9
448.8
620.9
653.4
683.0
5,539.3
5,731.6
6,031.2
5,617.5
5,742.5
6,068.2
5,567.8
5,737.1
6,045.8
5.6
3.2
5.5
6.2
3.5
5.2
5.4
2.2
5.7
5.7
3.0
5.4
103.1
90.4
75.8
58.0
55.6
65.1
72.3
82.7
90.8
84.9
90.8
9.9
-6.5
7.0
199.7
207.7
217.9
222.2
134.9
140.1
148.9
153.2
12.6
14.7
17.1
18.7
78.9
80.6
85.1
86.3
43.5
44.9
46.7
48.2
25.1
32.2
33.3
34.6
13.6
16.1
18.7
20.9
5.9
7.4
8.7
9.3
5.7
8.6
5.9
4.5
6.5
7.3
8.4
6.3
13.0
14.2
15.4
13.6
6.6
7.0
7.0
7.3
33.1
28.2
27.3
28.1
24.4
19.1
17.4
17.3
8.7
9.2
9.9
10.8
194.0
199.1
212.1
217.7
193.2
200.5
209.5
215.9
200.3
208.4
218.6
223.0
17.0
21.1
8.1
10.9
28.8
11.0
16.0
19.2
12.8
17.2
21.1
8.3
226.7
230.6
234.9
245.0
156.6
160.5
164.1
168.2
19.4
20.0
20.3
22.0
87.7
90.1
92.1
93.6
49.4
50.5
51.7
52.6
33.6
32.4
32.9
41.2
22.8
23.2
23.3
24.5
10.4
10.4
12.3
15.1
.4
-1.2
-2.8
1.6
10.8
11.2
11.7
9.2
18.3
19.4
19.4
17.6
7.5
8.2
7.7
8.3
25.8
26.4
26.2
26.3
14.0
14.3
13.6
13.1
11.7
12.1
12.6
13.3
226.4
231.7
237.7
243.4
215.9
219.3
223.2
235.8
227.8
231.7
236.1
246.3
8.5
6.9
7.7
18.3
16.9
9.8
10.6
10.0
.1
6.4
7.2
24.5
8.8
7.0
7.8
18.4
251.1
258.3
170.9
174.7
22.0
22.4
95.1
97.0
53.9
55.3
44.9
48.0
26.2
26.0
15.2
16.3
3.5
5.7
7.2
5.2
16.9
15.2
9.6
28.1
30.5
14.3
16.1
13.7
14.4
247.6
252.6
243.9
253.2
252.6
259.9
10.4
12.0
7.1
10.0
14.5
16.2
10.6
12.1
48 • September 1993
SURVEY OF CURRENT BUSINESS
Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
Nondurable
goods
Services
Net exports
Gross private domestic investment
Total
Nonresidential
Residential
CBI
Net
Percent change from preceding
period
Government purchases
Exports
Imports
Total
Federal
State
and
local
Final
sales of
domestic
product
Gross
domestic purchases
Gross
national
product
GDP
Final
sales of
domestic
product
Gross
domestic purchases
III ..
IV ..
265.3
266.6
177.6
178.5
23.7
23.3
97.0
97.3
56.9
57.9
50.4
49.0
27.0
28.1
16.1
15.0
7.3
5.9
4.9
4.4
15.4
14.6
10.5
10.1
32.3
34.7
17.0
18.7
15.3
15.9
257.9
260.7
260.4
262.2
266.8
268.1
11.1
2.0
8.7
4.3
11.8
2.8
1949: I ....
II ...
III ..
IV ..
261.6
258.1
259.9
257.7
177.4
179.0
178.3
180.8
22.8
24.8
25.8
26.8
96.3
95.3
93.5
94.3
58.3
58.9
59.0
59.8
40.9
33.9
37.2
35.0
26.6
25.5
24.1
23.5
14.0
13.7
14.5
16.3
.4
-5.3
-1.5
-4.9
6.4
6.2
5.1
2.9
16.0
15.6
14.0
12.0
9.6
9.4
8.9
9.1
36.8
39.0
39.3
39.0
20.4
21.7
21.3
20.7
16.5
17.2
18.0
18.3
261.2
263.4
261.4
262.6
255.2
251.9
254.8
254.8
263.0
259.5
261.2
258.9
-7.3
-5.2
2.8
-3.3
.8
3.4
-3.0
1.9
-10.3
-5.0
4.7
0
1950:
268.3
277.9
295.3
306.7
183.6
187.5
201.2
198.6
27.7
28.1
35.6
31.5
94.8
96.3
100.9
100.9;
61.1
63.0
64.7
66.2
44.4
49.9
56.2
66.3
24.2
26.6
29.6
30.6
18.1
20.4
22.3
21.3
2.0
2.9
4.3
14.5
2.1
1.6
-.8
_p
11.6
11.8
12.2
13.5
9.5
10.2
13.0
13.7
38.2
38.9
38.7
42.0
19.6
19.9
19.2
22.0
18.6
19.0
19.5
20.0
266.3
275.0
291.0
292.2
266.1
276.3
296.1
306.9
269.6
279.3
296.9
308.4
17.4
15.1
27.5
16.4
5.7
13.8
25.4
1.6
19.1
16.1
31.9
15.5
1951:
321.6
329.1
335.8
340.0
209.7
205.3
207.9
211.9
33.8
28.9
28.3
28.4
107.8
107.4
109.4
112.0
68.0
69.0
70.2
71.4
62.1
65.0
59.5
54.6
30.9
31.6
32.5
32.2
20.8
18.2
17.2
17.5
10.4
15.0
9.9
4.9
.1
1.9
3.7
4.1
15.0
17.0
18.0
18.1
14.9
15.2
14.3
14.0
49.7
57.0
64.7
69.5
29.2
35.8
43.1
47.7
20.4
21.1
21.6
21.9
311.1
314.2
325.9
335.1
321.5
327.3
332.1
336.0
323.2
331.1
337.9
342.3
20.8
9.8
8.3
5.2
28.5
4.0
15.8
11.8
20.3
7.5
6.0
4.7
1952:I
343.2
343.7
349.6
362.2
213.3
217.4
219.9
228.0
28.9
29.1
27.4
31.5
111.4
113.7
115.9
117.9
72.9
74.6
76.5
78.6
55.4
49.9
53.9
57.0
32.4
32.9
29.8
32.5
18.0
18.5
18.5
19.4
4.9
-1.5
5.6
5.1
3.6
1.8
-.1
-1.1
18.6
16.5
15.1
15.2
15.0
14.6
15.3
16.3
70.9
74.5
76.0
78.3
48.9
51.8
53.5
55.2
22.0
22.7
22.5
23.1
338.3
345.2
344.1
357.1
339.6
341.9
349.8
363.3
345.3
345.9
351.7
364.2
3.7
.6
7.1
15.1
3.8
8.4
-1.3
16.0
4.4
2.8
9.5
16.4
1953:1 ....
II ...
III ..
IV ..
369.0
372.4
371.8
366.8
231.6
233.5
234.5
234.2
33.0
32.9
32.7
32.1
118.1
118.1
117.6
117.5
80.5
82.5
84.2
84.7
57.8
57.9
57.2
52.2
34.3
34.8
35.9
35.4
19.7
19.8
19.2
18.9
3.8
3.4
2.2
-2.2
-.8
-1.4
-.7
-.4
15.0
15.1
15.7
15.1
15.8
16.4
16.3
15.5
80.4
82.3
80.7
80.8
56.5
58.6
56.3
55.7
23.8
23.7
24.4
25.0
365.2
369.0
369.7
368.9
369.7
373.7
372.5
367.2
371.0
374.5
373.7
368.7
7.7
3.8
-.6
-5.3
9.4
4.3
.7
-.8
7.3
4.4
-1.3
-5.6
1954: I ....
366.3
366.6
371.2
379.4
236.4
239.1
241.4
246.0
31.4
32.1
31.6
33.3
118.7
118.8
119.9
121.3
86.3
88.2
90.0
91.4
51.6
51.2
54.7
57.8
34.5
34.3
35.0
34.9
19.0
20.3
21.8
23.2
-1.9
-3.4
-2.1
-.3
-.4
.2
.5
1.1
14.3
16.3
15.8
16.5
14.8
16.2
15.3
15.5
78.8
76.1
74.6
74.6
52.8
49.5
47.0
46.7
26.0
26.6
27.6
27.8
368.3
370.0
373.3
379.7
366.8
366.4
370.7
378.4
368.4
368.7
373.4
381.9
-.5
.3
5.1
9.1
-.7
1.9
3.6
7.1
-.5
-.4
4.8
8.5
III ...
IV ..,
392.3
400.6
408.9
415.2
252.2
257.2
261.5
265.6
36.5
38.8
40.6
39.6
122.3
124.0
125.0
127.5
93.4
94.4
95.8
98.4
64.2
68.1
69.9
73.7
35.4
37.9
40.4
42.5
25.0
25.6
25.2
24.2
3.7
4.6
4.2
7.1
1.0
-.3
.6
.1
17.2
16.8
18.1
18.3
16.2
17.1
17.4
18.1
75.0
75.5
76.9
75.8
46.1
46.2
47.1
45.5
28.9
29.4
29.7
30.2
388.6
396.0
404.6
408.1
391.3
400.9
408.2
415.1
394.8
403.1
411.4
417.8
14.3
8.8
8.5
6.4
9.6
7.9
9.0
3.5
14.4
10.2
7.5
6.9
1956: I
II ....
III ...
IV ...
417.6
423.1
427.8
436.5
267.2
269.7
272.8
278.0
37.9
38.0
37.6
39.3
129.1
130.0
131.3
132.7
100.2
101.8
103.9
106.0
73.1
71.5
72.6
71.5
42.8
43.9
45.4
45.9
23.7
23.9
23.5
23.0
6.6
3.7
3.7
2.5
.3
1.8
2.5
4.4
19.3
20.8
21.7
23.0
18.9
19.0
19.3
18.5
76.9
80.0
79.9
82.6
45.7
48.0
47.2
49.2
31.2
32.0
32.7
33.4
411.0
419.4
424.1
434.0
417.2
421.3
425.3
432.1
420.5
426.0
430.8
439.2
2.3
5.4
4.5
8.4
2.9
8.4
4.6
9.7
2.1
3.9
3.9
6.5
1957:1
II ....
III ...
IV ...
444.9
446.6
453.9
449.0
282.3
284.5
289.1
290.9
40.3
39.8
39.4
39.1
134.5
135.8
139.2
138.9
107.5
108.9
110.5
112.9
71.9
71.9
73.4
65.1
47.0
47.1
48.4
47.5
22.6
22.2
22.0
21.9
2.3
2.6
3.0
-4.3
4.7
4.0
3.9
3.3
24.8
24.3
23.6
22.9
20.1
20.3
19.8
19.6
86.0
86.2
87.5
89.8
51.4
50.8
51.4
52.8
34.6
35.4
36.1
37.0
442.7
443.9
450.9
453.3
440.2
442.6
450.0
445.7
448.1
450.1
457.2
451.7
7.9
1.5
6.7
-4.2
8.2
1.2
6.4
2.2
7.7
2.2
6.8
-3.7
1958:1
II ....
III ...
IV ...
441.6
445.8
459.1
472.3
290.5
293.5
298.6
302.5
37.1
36.3
37.0
38.3
139.5
140.8
142.8
143.9
113.9
116.4
118.9
120.3
60.5
58.7
65.5
73.2
43.6
42.0
41.4
43.0
20.9
21.0
22.5
24.9
-4.0
-4.2
1.5
5.2
1.0
.4
.7
-.4
20.4
20.4
20.5
20.5
19.5
20.1
19.7
20.8
89.6
93.2
94.3
97.0
51.5
54.2
54.3
56.0
38.1
39.0
40.0
40.9
445.6
450.1
457.6
467.1
440.7
445.5
458.4
472.7
444.4
448.6
461.8
475.0
-6.4
3.9
12.5
12.0
-6.6
4.0
6.9
8.6
-4.5
4.4
12.1
13.1
1959:1
II ....
III ...
IV ...
483.5
496.2
496.4
500.5
310.5
316.4
321.7
323.8
41.6
43.4
44.2
42.0
146.2
147.6
149.2
150.8
122.7
125.4
128.2
131.0
76.7
82.7
76.3
79.4
44.5
46.1
47.8
47.6
4.4
7.8
.2
4.3
-1.7
-2.5
-1.1
-1.4
19.7
20.0
21.8
21.1
21.4
22.5
22.9
22.5
98.0
99.6
99.5
98.7
56.3
57.7
57.6
56.9
41.7
41.9
41.9
41.7
479.1
488.4
496.2
496.2
485.3
498.8
497.5
501.9
486.2
498.9
499.3
503.6
9.8
10.9
.2
3.3
10.7
8.0
6.5
0
11.1
11.6
-1.0
3.6
IV .
514.0
512.9
515.8
510.8
327.3
333.4
333.4
335.5
43.3
44.2
43.7
42.5
150.9
153.8
153.4
154.4
133.1
135.4
136.3
138.6
89.1
79.4
78.4
68.1
49.4
50.2
48.9
48.5
27.8
28.8
28.3
27.5
28.4
26.1
25.3
25.3
11.3
3.0
4.2
-5.7
.9
1.7
3.0
4.0
24.2
25.2
25.9
25.8
23.3
23.5
22.9
21.7
96.7
98.4
100.9
103.1
53.7
54.2
55.8
57.3
42.9
44.2
45.1
45.8
502.7
509.8
511.6
516.4
513.1
511.1
512.8
506.7
517.0
516.0
519.0
514.2
11.2
-.9
2.3
-3.8
5.3
5.8
1.4
3.8
9.2
-1.6
1.3
-4.7
1961:1 ...
II ..
III .
IV .
515.1
525.9
536.6
549.5
336.4
341.4
344.4
351.7
40.0
41.0
42.3
44.3
155.9
156.8
157.4
159.6
140.5
143.5
144.8
147.8
70.2
75.4
82.2
84.0
47.4
48.3
48.6
50.2
25.3
25.5
26.9
27.8
-2.6
1.6
6.7
6.0
4.4
3.3
2.8
2.9
26.1
25.2
26.1
26.8
21.7
21.9
23.3
23.9
104.2
105.9
107.1
110.8
56.7
58.2
58.7
60.6
47.5
47.6
48.4
50.2
517.7
524.4
529.9
543.5
510.7
522.7
533.7
546.6
518.8
529.4
540.2
553.2
3.4
8.7
8.4
10.0
1.0
5.3
4.3
10.7
3.2
9.7
8.7
10.0
1962:1 ...
II ..
III .
IV .
561.9
569.4
576.2
578.9
356.2
362.2
366.4
372.7
45.3
46.6
47.1
49.1
161.5
162.9
164.4
166.3
149.4
152.7
154.8
157.3
89.3
87.9
89.1
85.4
51.4
53.0
53.7
53.2
28.4
29.2
29.2
29.1
9.5
5.6
6.2
3.1
2.3
3.2
2.9
1.5
26.6
28.1
28.0
27.0
24.3
24.9
25.1
25.5
114.1
116.1
117.9
119.2
63.7
65.1
66.2
66.7
50.4
51.0
51.7
52.6
552.4
563.7
570.0
575.8
559.7
566.2
573.3
577.4
565.7
573.5
580.3
583.7
9.3
5.4
4.9
1.9
6.7
8.4
4.5
4.1
9.9
4.7
5.1
2.9
1963:1 ...
II ..
III .
IV .
588.1
596.7
609.4
618.3
376.3
380.6
387.7
392.3
50.2
51.5
52.2
53.3
167.5
168.2
170.7
171.2
158.6
161.0
164.8
167.9
90.3
91.8
94.7
96.6
53.1
54.7
56.3
58.1
30.2
32.2
32.5
33.7
7.0
4.9
5.9
4.8
2.0
3.7
3.1
4.4
27.2
29.6
29.8
31.1
25.2
25.9
26.7
26.8
119.5
120.5
124.0
125.0
65.4
65.6
67.4
67.2
54.1
54.9
56.5
57.8
581.1
591.8
603.5
613.5
586.1
592.9
606.4
613.9
592.7
601.1
613.9
623.0
6.5
6.0
8.8
6.0
3.7
7.6
8.1
6.8
6.2
4.7
9.4
5.0
1964:
634.8
643.6
654.1
659.7
401.7
409.4
418.1
420.6
55.4
56.8
58.6
56.6
175.3
178.5
182.0
183.1
171.1
174.2
177.5
180.9
100.6
100.4
101.5
104.4
59.6
61.4
63.5
65.2
35.4
34.2
33.7
33.8
5.6
4.8
4.3
5.4
5.9
4.9
5.4
5.7
32.9
32.6
33.9
35.0
27.0
27.7
28.4
29.3
126.6
128.8
129.0
129.1
67.6
68.2
67.4
66.6
59.0
60.6
61.5
62.5
629.2
638.7
649.7
654.3
628.9
638.7
648.6
654.0
639.9
648.5
659.2
664.5
11
5.7
6.7
3.5
10.6
6.2
7.1
2.9
10.1
6.4
6.3
3.4
1965:1 ....
679.8
691.9
708.3
730.7
431.2
438.2
447.4
461.5
62.1
61.9
63.8
66.1
185.6
189.1
192.8
200.0
183.5
187.1
190.8
195.5
115.8
115.8
119.1
121.3
69.7
72.4
75.3
78.9
33.9
34.2
34.3
34.5
12.3
9.2
9.5
7.8
3.0
4.7
3.7
4.1
31.5
36.3
35.7
38.0
28.5
31.7
32.0
33.9
129.8
133.3
138.2
143.8
66.1
67.6
70.0
74.1
63.6
65.6
68.2
69.7
667.5
682.7
698.8
722.8
676.8
687.3
704.6
726.6
685.3
697.7
713.7
735.6
12.8
7.3
9.8
13.3
8.3
9.4
9.8
14.5
14.7
6.4
10.5
13.1
1966:I .
753.1
762.2
775.3
788.5
471.8
476.8
486.1
491.7
69.2
66.5
69.1
69.3
204.2
207.7
210.7
211.4
198.5
202.6
206.4
210.9
130.5
129.9
129.4
131.9
82.2
84.2
85.3
85.7
34.8
33.2
31.9
29.2
13.5
12.5
12.2
17.0
3.2
2.0
.8
1.5
38.2
38.2
39.0
40.4
35.0
36.2
38.2
38.8
147.5
153.5
159.0
163.4
75.9
80.2
83.8
85.3
71.6
73.3
75.2
78.1
739.6
749.7
763.1
771.5
749.9
760.2
774.5
787.0
758.2
767.3
780.3
793.9
12.8
4.9
7.1
7.0
9.6
5.6
7.3
4.5
13.5
5.6
7.7
6.6
797.7
803.8
820.5
835.3
496.6
506.1
513.5
521.0
67.8
71.2
71.3
72.2
213.7
215.5
217.8
220.6
215.1
219.4
224.3
228.2
126.6
122.5
129.5
133.5
84.3
84.5
84.7
87.2
28.3
31.6
33.4
36.0
14.0
6.4
11.4
10.2
2.3
2.1
1.1
.2
41.7
41.1
40.7
41.9
39.4
39.0
39.5
41.7
172.2
173.1
176.3
180.6
91.8
91.4
93.2
95.0
80.4
81.7
83.1
85.6
783.7
797.5
809.1
825.2
795.4
801.7
819.3
835.1
803.0
809.0
826.2
841.0
4.7
3.1
8.6
7.4
6.5
7,
5.9
8.
4.3
3.2
9.1
7.9
1968:1
859.6
883.7
900.3
913.7
539.0
552.6
568.3
576.6
77.3
79.3
83.6
83.8
227.6
232.6
238.6
241.1
234.1
240.6
246.1
251.6
135.3
141.7
140.3
142.4
90.6
89.9
91.8
96.0
36.9
38.2
38.9
40.9
7.8
13.7
9.6
5.4
-1.2
-.6
-1.3
-1.9
43.2
44.8
47.0
46.2
44.4
45.4
48.2
48.2
186.5
190.0
192.9
196.7
98.0
98.6
99.4
100.6
88.5
91.4
93.5
96.1
851.8
870.0
890.6
908.3
860.8
884.3
901.5
915.6
865.5
889.8
906.6
920.0
12.2
11.7
7.7
6.1
13.5
8.8
9.8
8.
12.9
11.4
8.0
6.4
1969: i
937.3
951.1
970.7
978.8
587.9
598.5
608.3
620.0
85.8
86.2
86.4
86.5
245.5
250.2
254.2
258.8
256.6
262.1
267.6
274.7
154.3
154.1
159.1
153.3
99.5
101.4
105.1
105.6
43.2
43.4
43.2
40.7
11.6
9.3
10.9
7.1
-1.9
-1.8
-1.3
.1
41.9
50.9
51.0
53.2
43.8
52.7
52.4
53.1
196.9
200.2
204.6
205.4
99.0
99.6
102.2
101.3
98.0
100.6
102.4
104.1
925.7
941.7
959.8
971.7
939.2
952.8
972.0
978.7
943.7
957.3
976.7
984.8
10.7
6.0
8.5
3.4
7.9
7.1
7.9
5.1
10.7
5.9
8.3
2.8
1970:I
989.7
1,003.8
1,022.8
1,026.4
631.0
641.1
653.5
85.2
86.4
87.3
82.5
264.7
268.2
271.9
276.5
281.1
286.5
294.3
301.3
148.6
150.2
154.0
148.5
105.8
107.1
108.2
105.7
40.7
39.4
40.4
45.0
2.1
3.7
5.4
-2.2
1.1
2.4
.9
.4
54.7
57.6
57.3
58.3
53.5
55.2
56.4
57.9
208.9
210.0
214.5
217.3
101.4
99.6
99.6
99.8
107.5
110.4
114.8
117.5
987.6
1,000.0
1,017.4
1,028.6
988.5
1,001.3
1,022.0
1,026.0
996.0
1,010.4
1,029.4
1,032.5
4.5
5.8
7.8
1.4
6.7
5.1
7.1
4.5
4.1
5.3
8.5
1.6
1948:
I ....
IV .
1955:1 ...
I ...
IV ..
September 1993
SURVEY OF CURRENT BUSINESS
•
49
Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
goods
Nondurable
goods
Services
Net exports
Gross private domestic investment
Total
Nonresidential
Residential
CBI
Net
Percent change from preceding
period
Government purchases
Exports
Imports
Total
Federal
State
and
local
Final
sales of
domestic
product
Gross
domestic purchases
Gross
national
product
GDP
Final
sales of
domestic
product
Gross
domestic purchases
GNP
1971:1
II
III
IV
1,069.8
1,088.2
1,108.4
1,122.3
679.6
693.6
706.0
722.1
93.1
95.9
98.1
101.9
278.3
282.0
284.4
288.5
308.2
315.8
323.4
331.7
169.2
175.2
180.1
177.7
108.2
111.1
112.4
115.3
48.6
54.6
58.3
61.5
12.4
9.5
9.4
.9
-3.8
-3.1
-6.0
59.5
59.5
62.4
55.9
58.7
63.3
65.5
61.9
220.2
223.2
225.5
228.5
99.5
99.7
100.2
100.5
120.6
123.5
125.2
1,057.4
1,078.7
1,099.0
1,121.5
1,069.0
1,092.0
1,111.5
1,128.3
1,077.3
1,096.2
1,115.7
1,130.2
18.0
7.1
7.6
5.1
11.7
8.3
7.7
8.4
17.8
8.9
7.3
6.2
18.5
7.2
7.3
5.3
1972:I
II
III
IV
1,160.9
1,192.5
1,217.7
1,256.8
739.2
757.1
775.1
799.7
105.3
108.5
111.8
117.4
293.2
301.5
308.5
317.4
340.8
347.2
354.8
364.9
192.2
203.3
209.4
217.6
120.6
123.5
126.3
133.8
66.6
68.2
69.6
74.3
5.0
11.6
13.6
9.4
-8.6
-8.3
-7.9
-7.1
63.5
63.1
66.2
72.1
72.2
71.4
74.1
79.2
238.1
240.4
241.1
246.5
107.0
108.1
105.6
106.7
131.0
132.3
135.5
139.9
1,155.9
1,180.9
1,204.1
1,247.3
1,169.5
1,200.8
1,225.7
1,263.8
1,169.2
1,200.8
1,226.8
1,265.9
14.5
11.3
8.7
13.5
12.8
8.9
8.1
15.1
15.4
11.1
8.6
13.0
14.5
11.3
8.9
13.4
1973: I
II
III
IV
1,304.4
1,334.5
1,358.4
1,401.2
824.0
838.8
857.3
872.6
125.7
124.6
124.3
121.7
327.0
333.6
344.0
353.7
371.3
380.6
388.9
397.2
232.1
241.4
240.1
258.7
141.2
149.0
153.7
156.4
77.9
75.8
75.0
72.7
13.1
16.7
11.4
29.6
-4.4
-1.1
3.2
4.7
81.0
88.3
94.3
103.4
85.4
89.5
91.1
98.7
252.7
255.4
257.7
265.1
108.9
108.5
107.0
109.8
143.7
146.9
150.7
155.4
1,291.3
1,317.8
1,346.9
1,371.5
1,308.7
1,335.6
1,355.2
1,396.4
1,315.1
1,346.2
1,372.3
1,415.6
16.0
9.6
7.4
13.2
14.9
8.5
9.1
7.5
15.0
8.5
6.0
12.7
16.5
9.8
8.0
13.2
1974:!
II
1,410.9
1,444.1
1,474.7
1,504.8
891.0
919.0
946.7
954.2
119.5
123.6
129.5
119.3
365.6
376.7
388.0
392.9
405.9
418.6
429.2
442.0
241.8
247.7
244.4
249.3
159.0
163.7
168.5
171.0
69.0
67.5
67.4
60.0
13.8
16.5
8.5
18.3
4.3
-5.6
-9.1
-2.1
114.6
123.7
124.5
134.4
110.3
129.4
133.6
136.6
273.8
283.1
292.8
303.4
112.3
114.3
118.8
124.9
161.5
168.8
174.0
178.5
1,397.1
1,427.6
1,466.2
1,486.5
1,406.6
1,449.7
1,483.8
1,506.9
1,428.1
1,460.7
1,490.2
1,518.3
2.8
9.7
8.7
8.4
7.7
9.0
11.3
5.7
3.0
12.8
9.7
6.4
3.6
9.4
8.3
7.8
1975: I
II
IV
1,513.6
1,552.1
1,614.4
1,663.3
978.9
1,008.3
1,042.1
1,070.3
124.0
129.1
138.9
145.4
400.3
411.1
423.0
429.8
454.6
468.1
480.1
495.1
211.0
210.6
236.3
246.2
166.3
166.0
169.7
173.9
57.7
59.9
64.6
68.7
-12.9
-15.4
1.9
3.7
13.1
16.6
11.6
12.9
138.0
131.8
133.7
141.7
124.9
115.2
122.1
128.7
310.5
316.7
324.5
333.8
126.1
127.7
129.8
134.1
184.4
189.1
194.7
199.7
1,526.5
1,567.5
1,612.5
1,659.6
1,500.5
1,535.6
1,602.8
1,650.4
1,525.2
1,564.0
1,627.6
1,679.5
2.4
10.6
17.0
12.7
11.2
11.2
12.0
12.2
-1.7
9.7
18.7
12.4
1.8
10.6
17.3
13.4
1976:I
II
III
IV
1,717.8
1,746.4
1,779.9
1,829.6
1,104.8
1,124.5
1,153.9
1,189.1
155.2
157.5
160.8
166.5
439.4
446.3
455.8
465.8
510.3
520.8
537.2
556.7
271.3
284.6
289.7
299.8
179.1
183.4
189.8
196.4
76.2
80.7
80.6
92.5
16.1
20.6
19.2
10.9
4.2
-1.1
-5.0
-7.2
143.1
146.0
150.9
155.4
138.9
147.1
155.9
162.7
337.4
338.4
341.3
347.9
133.2
134.0
135.7
140.1
204.2
204.3
205.6
207.8
1,701.7
1,725.8
1,760.7
1,818.7
1,713.6
1,747.5
1,784.9
1,836.8
1,733.7
1,763.3
1,797.2
1,847.7
13.8
6.8
7.9
11.6
10.5
5.8
8.3
13.8
16.2
8.2
8.8
12.1
13.5
7.0
7.9
1977:I
II
III
IV
1,881.7
1,952.9
2,015.1
2,046.8
1,225.5
1,253.5
1,284.7
1,322.4
175.2
180.3
184.6
190.5
572.9
587.6
608.2
625.0
321.6
355.2
380.3
376.0
203.8
218.5
226.8
238.8
97.6
111.7
115.0
116.9
15.2
25.0
38.4
20.3
-21.2
-21.5
-21.2
-30.8
154.8
161.3
161.8
157.1
176.1
182.8
183.0
187.9
355.9
365.7
371.3
379.2
142.7
146.8
148.8
153.3
213.1
218.9
222.5
225.9
1,866.5
1,927.8
1,976.6
2,026.6
1,902.9
1,974.4
2,036.2
2,077.6
1,902.7
1,973.8
2,036.2
2,065.8
11.9
16.0
13.4
6.4
10.9
13.8
10.5
10.5
15.2
15.9
13.1
8.4
12.4
15.8
13.3
5.9
1978: I
II
III
IV
2,090.2
2,213.9
2,274.7
2,352.0
1,351.7
1,410.1
1,442.7
1,480.3
187.9
205.3
205.5
210.4
477.4
485.6
492.0
506.9
516.7
534.5
549.4
565.5
647.1
670.2
687.8
704.4
391.9
429.4
447.3
467.4
245.7
270.1
284.0
298.2
121.0
130.5
135.8
139.0
25.2
28.7
27.5
30.2
-39.3
-23.3
-24.6
-17.3
164.0
185.6
190.5
204.5
203.3
208.9
215.1
221.8
385.8
397.7
409.3
421.5
154.9
160.7
163.7
169.4
230.9
237.0
245.6
252.1
2,064.9
2,185.1
2,247.2
2,321.8
2,129.5
2,237.1
2,299.3
2,369.3
2,112.4
2,232.8
2,295.9
2,377.1
8.8
25.9
11.4
14.3
7.8
25.4
11.9
14.0
10.4
21,8
11.6
12.7
9.3
24.8
11.8
14.9
1979:I
II
III
IV
2,399.2
2,453.3
2,523.3
2,578.8
1,520.4
1,554.8
1,607.1
1,652.5
211.8
210.6
218.3
216.0
583.6
599.8
624.5
645.5
725.0
744.4
764.3
791.0
470.9
481.7
485.5
482.9
311.9
317.7
334.7
341.5
138.6
140.9
143.5
141.2
20.4
23.2
7.3
.2
-19.2
-23.3
-24.2
-28.6
210.7
219.9
233.1
251.9
229.9
243.2
257.3
280.4
427.1
440.1
454.9
471.9
172.5
175.2
180.4
189.2
254.6
264.8
274.5
282.7
2,378.7
2,430.1
2,516.0
2,578.6
2,418.4
2,476.6
2,547.5
2,607.3
2,425.2
2,483.0
2,559.6
2,615.3
8.3
9.3
11.9
9.1
10.2
8.9
14.9
10.3
8.6
10.0
12.0
8.3
9.9
12.9
9.0
1980:I
II
III
IV
2,650.1
2,643.9
2,705.3
2,832.9
1,701.5
1,704.9
1,762.3
1,823.6
218.7
198.2
211.3
221.8
667.1
673.8
686.2
704.6
815.7
832.9
864.9
897.2
495.3
451.5
432.1
491.5
353.6
342.5
352.1
367.1
134.6
111.2
115.9
131.3
7.1
-2.2
-35.9
-6.8
-37.1
-16.6
3.5
-8.6
267.5
276.2
282.7
290.4
304.6
292.8
279.2
299.0
490.5
504.1
507.4
526.4
198.6
208.5
208.8
220.6
291.9
295.5
298.6
305.8
2,643.1
2,646.1
2,741.2
2,839.7
2,687.3
2,660.5
2,701.8
2,841.5
2,687.7
2,679.4
2,739.8
2,861.5
11.5
-.9
9.6
20.2
10.4
.5
15.2
15.2
12.8
-3.9
6.4
22.3
11.5
-1.2
9.3
19.0
1981:1
II
III
IV
2,953.5
2,993.0
3,079.6
3,096.3
1,876.0
1,908.9
1,952.1
1,968.0
230.8
225.5
236.3
221.4
731.3
741.6
748.5
755.5
913.9
941.7
967.2
991.1
548.5
543.3
575.4
564.7
383.7
400.7
418.4
437.1
131.9
128.7
120.1
109.5
32.9
13.9
36.9
18.1
-16.3
-16.0
-10.0
-16.4
303.0
305.8
299.9
303 4
319.3
321.7
310.0
319.7
545.4
556.8
562.2
579.9
229.0
239.8
241.8
252.6
316.4
317.0
320.3
327.4
2,920.6
2,979.2
3,042.7
3,078.2
2,969.8
3,009.0
3,089.6
3,112.7
2,985.5
3,023.5
3,112.4
3,133.7
18.1
5.5
12.1
2.2
11.9
8.3
8.8
4.7
19.3
5.4
11.2
3.0
18.5
5.2
12.3
2.8
1982:I
3,092.9
3,146.2
3,164.2
3,195.1
2,005.4
2,029.4
2,073.1
2,128.7
230.9
232.9
235.2
246.9
761.2
763.3
777.5
787.3
1,013.3
1,033.2
1,060.4
1,094.6
517.9
522.1
509.4
464.2
432.6
419.4
405.0
397.7
104.7
102.8
102.4
112.8
-19.3
-.2
2.0
-46.3
-17.5
-5.1
-30.3
-29.5
291.9
293.9
279.0
265.6
309.4
299.0
309.3
295.1
587.1
599.8
612.0
631.6
255.8
261.0
268.0
281.4
331.3
338.8
344.0
350.3
3,112.3
3,146.4
3,162.1
3,241.4
3,110.4
3,151.3
3,194.5
3,224.6
3,123.7
3,179.2
3,193.8
3,222.6
-.4
7.1
2.3
4.0
4.5
4.5
2.0
10.4
-.3
5.4
5.6
3.8
-1.3
7.3
1.8
3.7
3,254.9
3,367.1
3,450.9
3,547.3
251.2
270.1
281.0
297.7
791.7
810.4
829.4
839.8
3,278.7
3,412.0
3,516.1
3,619.1
3,283.8
3,394.0
3,481.6
3,578.4
7.7
14.5
10.3
11.7
6.4
9.8
10.2
8.9
6.9
17.3
12.8
12.2
7.8
14.1
10.7
11.6
388.5
406.7
409.5
415.7
297.9
309.6
311.2
324.7
352.9
356.7
363.7
367.9
378.4
385.8
393.1
402.2
3,292.2
3,370.0
3,453.0
3,527.1
293.1
302.1
305.7
308.7
3,589.0
3,679.8
3,737.5
3,818.1
3,762.3
3,859.1
3,922.1
3,976.2
3,694.2
3,778.3
3,843.3
3,890.2
14.2
9.9
6.9
5.4
7.2
10.5
6.4
16.8
10.7
6.7
5.6
13.6
9.4
7.1
5.0
IV
3,940.0
3,997.5
4,076.9
4,140.5
2,589.2
2,636.4
2,704.2
2,739.8
342.2
347.0
368.2
354.4
899.9
914.3
923.8
939.5
1,347.1
1,375.2
1,412.2
1,446.0
700.5
714.8
706.0
737.0
499.1
506.1
499.6
511.3
182.1
182.0
186.5
193.1
19.3
26.7
19.9
32.6
-91.8
-116.0
-118.9
-135.5
305.0
302.7
295.8
304.7
396.8
418.7
414.7
440.2
637.5
647.7
666.3
657.6
676.3
695.4
704.4
727.0
742.2
762.4
785.6
799.2
284.6
291.0
302.6
289.7
77.9
74.7
80.7
51.0
-23.7
-44.9
-65.2
-71.8
-95.5
-104.5
-103.8
-107.1
294.3
317.2
342.9
358.0
693.6
719.2
739.9
722.8
130.3
148.1
162.0
167.7
174.7
180.6
179.8
180.4
270.6
272.3
277.7
286.2
854.1
872.0
878.2
887.8
385.3
387.2
401.3
426.9
441.0
463.9
479.3
491.5
-37.3
-2.8
-2.1
20.2
307.6
317.9
318.0
328.2
1,120.0
1,151.4
1,178.3
1,209.3
1,230.8
1,254.6
1,281.7
1,310.4
478.3
532.5
561.2
614.8
3,666.9
3,754.6
3,818.2
3,869.1
2,162.9
2,231.9
2,288.7
2,346.8
2,392.4
2,444.5
2,477.8
2,526.4
330.0
338.2
352.1
356.9
412.2
424.2
433.4
442.4
3,920.7
3,970.9
4,057.0
4,107.9
4,031.8
4,113.6
4,195.8
4,276.0
3,955.7
4,012.9
4,089.5
4,156.2
7.5
6.0
8.2
6.4
11.2
5.2
9.0
5.1
5.7
8.4
8.2
7.9
6.9
5.9
7.9
6.7
1986: I .
II
III
IV
4,215.7
4,232.0
4,290.2
4,336.6
2,784.8
2,812.3
2,882.0
2,923.1
363.8
376.1
411.6
406.8
950.1
943.9
951.0
963.7
1,470.9
1,492.3
1,519.4
1,552.6
752.8
724.1
696.4
697.1
501.6
490.1
486.0
491.7
203.1
216.7
222.4
224.2
48.1
17.4
-12.0
-18.8
-127.8
-129.7
-139.4
-133.2
311.5
313.0
318.4
333.9
439.2
442.7
457.8
467.1
805.9
825.3
851.2
849.7
352.2
364.2
381.5
373.1
453.7
461.2
469.7
476.6
4,167.6
4,214.7
4,302.3
4,355.4
4,343.5
4,361.7
4,429.7
4,469.8
4,231.4
4,239.1
4,300.0
4,340.5
7.5
1.6
5.6
4.4
5.9
4.6
8.6
5.0
6.5
1.7
6,4
3,7
7,4
.7
5.9
3,8
1987:I
II
III
IV
4,408.3
4,494.9
4,573.5
4,683.0
2,962.8
3,030.1
3,091.4
3,124.6
384.9
401.4
419.7
408.8
989.0
1,007.6
1,018.4
1,029.4
1,588.8
1,621.2
1,653.3
1,686.4
725.2
733.9
737.9
800.2
479.3
489.7
507.8
514.3
222.8
226.4
225.2
226.5
23.1
17.8
4.9
59.3
-140.3
-145.1
-143.8
-143.2
336.3
355.7
371.5
392.4
476.5
500.8
515.3
535.6
860.6
876.0
888.0
901.4
375.6
384.5
387.1
392.5
485.0
491.5
501.0
509.0
4,385.2
4,477.1
4,568.6
4,623.7
4,548.6
4,640.0
4,717.3
4,826.2
4,412.4
4,497.5
4,577.7
4,690.5
6.8
8.1
7.2
9.9
2.8
8.6
8.4
4.9
7.2
8.3
6.8
9.6
6.8
7.9
7.3
10.2
1988:I
4,752.4
4,857.2
4,947.3
5,044.6
3,199.1
3,260.5
3,326.6
3,398.2
428.8
433.1
433.5
452.9
1,041.5
1,062.0
1,085.8
1,105.8
1,728.8
1,765.4
1,807.3
1,839.5
770.6
788.4
800.7
814.8
526.8
544.1
550.3
560.2
227.0
230.5
233.3
237.3
16.8
13.8
17.1
17.3
-122.0
-105.6
-98.5
-106.0
418.5
438.8
452.4
467.0
540.5
544.3
550.9
573.1
904.7
913.8
918.5
937.6
386.6
386.0
383.5
392.0
518.1
527.8
535.1
545.7
4,735.6
4,843.4
4,930.2
5,027.3
4,874.4
4,962.7
5,045.8
5,150.7
4,764.3
4,862.7
4,951.6
5,054.3
6.1
9.1
7.6
8.1
10.0
9.4
7.4
8.1
4.1
7,4
6.9
8.6
6.4
8.5
7.5
8.6
5,150.0
5,229.5
5,278.9
5,344.8
3,440.8
3,499.1
3,553.3
3,599.1
450.8
457.6
470.8
458.3
1,121.1
1,146.5
1,157.1
1,173.5
1,895.1
1,925.4
1,967.3
843.9
840.3
819.6
825.2
563.4
568.4
571.5
568.8
236.8
232.1
228.5
226.2
43.7
39.8
19.6
30.2
-85.1
-80.1
-79.7
-73.9
489.7
509.5
509.0
523.8
574.9
589.6
588.7
597.7
950.4
970.2
985.6
994.5
392.3
401.6
407.3
405.1
558.1
568.6
578.4
589.3
5,106.2
5,189.7
5,259.3
5,314.6
5,235.1
5,309.6
5,358.6
5,418.7
5,164.0
5,243.3
5,294.7
5,365.0
8.6
6.3
3.8
5.1
6.4
6.7
5.5
4.3
6.7
5.8
3.7
4.6
9.0
6.3
4.0
5.4
1990:I
5,461.9
5,540.9
5,583.8
5,597.9
3,679.3
3,727.0
3,801.7
3,836.6
479.8
466.0
467.3
459.5
1,201.7
1,213.6
1,241.0
1,260.7
1,997.8
2,047.5
2,093.4
2,116.4
828.9
837.8
812.5
756.4
586.2
582.1
594.1
584.4
233.2
222.4
209.9
195.8
9.6
33.3
8.4
-23.9
-73.9
-61.3
-78.7
-71.6
542.0
553.5
555.3
577.6
615.9
614.8
634.0
1,027.7
1,037.3
1,048.3
1,076.5
422.7
423.6
423.2
436.5
605.0
613.7
625.1
640.0
5,452.4
5,507.6
5,575.3
5,621.8
5,535.9
5,602.2
5,662.4
5,669.5
5,482.1
5,559.3
5,599.9
5,630.0
9.1
5.9
3.1
1.0
10.8
4.1
5.0
3.4
8.9
4.9
4.4
.5
9.0
5.8
3.0
2.2
1991:
5,631.7
5,697.7
5,758.6
5,803.7
3,843.6
3,887.8
3,929.8
3,964.1
448.9
452.0
465.1
465.2
1,252.3
1,259.2
1,260.0
1,260.0
2,142.4
2,176.6
2,204.8
2,239.0
729.1
721.5
744.5
752.4
566.8
561.0
552.6
543.3
182.2
183.6
192.4
200.3
-19.9
-23.0
-.5
8.9
-34.0
-11.5
-19.8
-13.0
576.5
600.7
603.0
625.7
610.6
612.2
622.8
638.8
1,093.0
1,099.9
1,104.0
1,100.2
450.2
449.4
446.8
437.4
642.9
650.5
657.3
662.8
5,651.6
5,720.8
5,759.1
5,794.8
5,665.8
5,709.2
5,778.4
5,816.7
5,656.1
5,710.6
5,766.2
5,815.5
2.4
4.8
4.3
3.2
2.1
5.0
2.7
2.5
-.3
3.1
4.9
2.7
5,908.7
5,991.4
6,059.5
6,194.4
4,046.5
4,099.9
4,157.1
4,256.2
484.0
487.8
500.9
516.6
1,278.2
1,288.2
1,305.7
1,331.7
2,284.4
2,323.8
2,350.5
2,407.9
750.8
799.7
802.2
833.3
547.0
566.3
569.2
579.5
208.9
220.6
223.3
241.8
-5.1
12.9
9.7
12.0
-7.0
-33.9
-38.8
-38.8
633,7
632.4
641.1
654.7
640.7
666.3
679.9
693.5
1,118.5
1,125.8
1,139.1
1,143.8
445.5
444.6
452.8
452.4
673.0
681.2
686.2
691.4
5,913.9
5,978.6
6,049.9
6,182.5
5,915.8
6,025.3
6,098.3
6,233.2
5,927.6
5,996.3
6,067.3
6,191.9
7.4
5.7
4.6
9.2
8.5
4.4
4.9
9.1
7.0
7.6
4.9
9.1
IV
1983:1 .
IV
1984:I
Ill
IV
1985:1
II
IV
1989:I
II
IV
III
IV
1992:I
II
NOTE.—GDP*Gross domestic product; CBI»Change in business inventories; GNP*Gross national product
9.7
11.7
1.9
3,9
4.0
3.5
7.9
4.7
4.8
8.5
50 • September 1993
SURVEY OF CURRENT BUSINESS
Table 2.—Gross Domestic Product in Constant Dollars
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
Nondurable
goods
Services
Gross private domestic investment
Total
Nonresidential
Residential
CBI
Net exports
Net
Percent change from preceding
period
Government purchases
Exports
Imports
Total
Federal
State
and
local
Final
sales of
domestic
product
Gross
domestic purchases
Gross
national
product
GDP
Final
sales of
domestic
product
Gross
domestic purchases
1929
821.8
554.5
48.1
238.5
267.9
152.8
100.6
41.6
10.6
1.9
36.0
34.1
21.9
90.7
811.2
819.9
827.4
1930
1931
748.9
691.3
599.7
587.1
632.6
520.0
501.0
456.6
447.4
461.1
38.1
32.4
24.5
24.4
27.8
229.2
228.3
211.7
205.0
215.7
252.6
240.2
220.4
218.1
217.6
107.2
67.2
25.0
26.6
41.1
82.7
54.0
31.4
27.7
34.2
25.3
21.0
11.1
9.1
12.7
-.8
-7.8
-17.5
-10.2
-5.8
-.3
-2.3
-2.4
-3.0
-1.0
29.8
24.7
19.6
19.9
22.3
30.1
27.0
22.0
22.9
23.4
122.0
125.5
120.5
116.1
131.4 1
24.4
24.9
25.9
30.9
40.0
97.6
100.7
94.6
85.2
91.4
749.7
699.1
617.3
597.3
638.4
749.1
693.7
602.1
590.2
633.6
754.2
695.5
603.0
589.9
634.8
-8.9
-7.7
-13.3
-2.1
7.7
681.3
777.9
811.4
778.9
840.7
487.6
534.4
554.6
542.2
568.7
34.6
43.1
45.2
36.2
42.6
226.2
252.4
262.8
266.6
279.7
226.8
238.9
246.6
239.4
246.4
65.2
89.9
106.4
69.9
93.4
42.4
57.9
69.1
51.3
56.5
17.5
22.0
23.8
24.0
33.9
5.4
10.0
13.6
-5.4
3.0
-7.2
-5.1
-1.9
4.2
4.6
23.9
25.3
31.9
30.7
32.7
31.1
30.4
33.8
26.5
28.1
135.7
158.6
152.2
162.5
174.0
40.2
63.5
56.8
62.3
65.1
95.6
95.1
95.4
100.2
108.9
675.9
767.8
797.8
784.3
837.7
783.0
813.3
774.7
836.0
684.1
780.0
814.5
782.2
844.2
7.7
14.2
4.3
-4.0
7.9
5.9
13.6
3.9
-1.7
6.8
1944
906.0
1,070.6
1,284.9
1,540.5
1,670.0
595.2
629.3
628.7
647.3
671.2
48.3
54.6
37.8
34.2
32.2
293.0
311.5
317.9
327.6
346.2
253.9
263.1
273.1
285.6
292.7
121.8
149.4
81.4
53.5
59.8
69.0
81.6
49.6
41.3
54.6
38.1
40.4
20.4
12.4
10.9
14.7
27.4
11.3
-.1
-5.6
8.2
2.8
-11.1
-28.1
-29.0
37.5
39.1
26.3
22.3
24.6
29.2
36.3
37.4
50.4
53.5
180.7
289.1
586.0
867.7
968.0
76.2
189.0
492.5
781.1
884.3
104.5
100.2
93.5
86.7
83.7
891.2
1,043.2
1,273.6
1,540.6
1,675.6
897.7
1,067.8
1,296.1
1,568.6
1,699.0
1,074.4
1,288.4
1,543.6
1,673.3
7.8
18.2
20.0
19.9
8.4
6.4
17.1
22.1
21.0
8.8
7.4
18.9
21.4
21.0
8.3
1945
1946
1947
1948
1949
1,602.6
1,272.1
1,252.8
1,300.0
1,305.5
714.6
779.1
793.3
813.0
831.4
34.8
55.2
65.7
72.2
302.4
332.2
345.2
356.8
362.2
82.6
195.5
198.8
229.8
187.4
78.5
114.9
131.5
136.0
122.1
12.8
52.5
67.0
80.1
74.3
-8.7
28.0
.3
13.7
-9.1
-23.9
26.5
41.9
16.6
17.3
32.8
66.7
79.1
60.7
59.9
56.7
40.2
37.1
44.1
42.5
829.4
271.0
218.8
240.6
269.3
742.9
175.4
110.7
126.3
139.8
86.5
95.6
108.1
114.3
129.5
1,611.4
1,244.1
1,252.5
1,286.3
1,314.5
1,626.5
1,245.6
1,210.9
1,283.4
1,288.1
1,605.0
1,276.0
1,258.5
1,307.0
1,311.8
-4.0
-20.6
-1.5
3.8
.4
-3.8
-22.8
.7
2.7
2.2
-4.3
-23.4
-2.8
80.1
377.3
391.7
382.3
384.0
389.2
1950
1951
1952
1953
1954
1,418.5
1,558.4
1,624.9
1,685.5
1,673.8
874.3
894.7
923.4
962.5
987.3
95.0
88.2
86.4
95.0
96.8
400.4
412.7
429.0
443.7
449.4
378.9
393.8
407.9
423.8
441.2
256.4
255.6
231.6
240.3
234.1
132.5
140.6
138.6
148.9
146.2
101.4
85.0
83.4
86.3
93.5
22.5
30.0
9.6
5.1
-5.6
3.2
11.1
2.3
-7.1
-2.3
53.0
64.3
62.3
59.5
62.2
49.7
53.2
59.9
66.6
64.4
284.5
397.0
467.6
489.8
454.7
145.6
256.3
324.6
339.7
292.7
138.9
140.7
143.0
150.1
162.0
1,396.0
1,528.4
1,615.3
1,680.4
1,679.4
1,415.3
1,547.4
1,622.5
1,692.6
1,676.1
1,425.6
1,567.4
1,634.3
1,694.2
1,683.3
8.7
9.9
4.3
3.7
-.7
6.2
9.5
5.7
4.0
-.1
9.9
9.3
4.9
4.3
-1.0
1955
1956
1957
1958
1959
1,768.3
1,803.6
1,838.2
1,829.1
1,928.8
1,047.0
1,078.7
1,104.4
1,122.2
1,178.9
114.8
109.2
108.8
102.5
114.4
470.5
486.0
495.5
500.0
518.5
461.7
483.5
500.2
519.7
546.0
284.8
282.2
266.9
245.7
296.4
160.5
171.2
172.1
154.3
165.2
108.2
98.8
92.7
93.7
117.6
16.1
12.1
2.1
-2.3
13.6
-5.2
-1.2
1.6
-14.9
-21.8
67.7
78.0
85.0
73.7
73.8
72.9
79.2
83.4
88.5
95.6
441.7
444.0
465.3
476.0
475.3
268.7
264.8
276.1
272.0
265.7
173.0
179.2
189.2
204.0
209.6
1,752.2
1,791.5
1,836.1
1,831.4
1,915.2
1,773.5
1,804.8
1,836.6
1,843.9
1,950.6
1,779.0
1,815.5
1,850.9
1,839.7
1,939.6
5.6
2.0
1.9
-.5
5.5
4.3
2.2
2.5
-.3
4.6
5.8
1.8
1.8
.4
5.8
1960
1961
1962
1963
1964
1,970.8
2,023.8
2,128.1
2,215.6
2,340.6
1,210.8
1,238.4
1,293.3
1,341.9
1,417.2
115.4
109.4
120.2
130.3
140.7
526.9
537.7
553.0
563.6
588.2
568.5
591.3
620.0
648.0
688.3
290.8
289.4
321.2
343.3
371.8
173.3
172.1
185.0
192.3
214.0
109.4
110.1
120.6
135.0
142.1
8.1
7.2
15.6
16.0
15.7
-7.6
-5.5
-10.5
-5.8
2.5
88.4
89.9
95.0
101.8
115.4
96.1
95.3
105.5
107.7
112.9
476.9
501.5
524.2
536.3
549.1
259.0
270.1
287.3
285.7
281.8
217.9
231.4
236.9
250.6
267.3
1,962.7
2,016.6
2,112.5
2,199.6
2,324.9
1,978.5
2,029.3
2,138.6
2,221.4
2,338.1
1,982.8
2,037.1
2,143.3
2,231.8
2,358.1
2.2
2.7
5.2
4.1
5.6
2.5
2.7
4.8
4.1
5.7
1.4
2.6
5.4
3.9
5.3
1965
1966
1967
1968
1969
2,470.5
2,616.2
2,685.2
2,796.9
2,873.0
1,497.0
1,573.8
1,622.4
1,707.5
1,771.2
156.2
166.0
167.2
184.5
190.8
616.7
647.6
659.0
686.0
703.2
724.1
760.2
796.2
837.0
877.2
413.0
438.0
418.6
440.1
461.3
250.6
276.7
270.8
280.1
296.4
137.3
124.5
120.2
136.4
140.1
25.1
36.7
27.6
23.6
24.8
-6.4
-18.0
-23.7
-37.5
-41.5
118.1
125.7
130.0
140.2
147.8
124.5
143.7
153.7
177.7
189.2
566.9
622.4
667.9
686.8
682.0
282.1
319.3
350.9
353.1
340.1
284.8
303.1
317.0
333.7
341.9
2,445.4
2,579.5
2,657.5
2,773.2
2,848.2
2,476.9
2,634.2
2,708.9
2,834.4
2,914.5
2,488.9
2,633.2
2,702.6
2,815.6
2,890.9
5.5
5.9
2.6
4.2
2.7
5.2
5.5
3.0
4.4
2.7
5.9
6.4
2.8
4.6
2.8
1970
1971
1,813.5
1,873.7
1,978.4
2,066.7
2,053.8
183.7
201.4
225.2
246.6
227.2
717.2
725.6
755.8
777.9
759.8
912.5
997.4
1,042.2
1,066.8
429.7
475.7
532.2
591.7
543.0
292.0
286.8
311.6
357.4
356.5
131.8
168.1
198.0
196.6
155.6
5.9
20.8
22.5
37.7
30.9
-35.2
-45.9
-56.5
-34.1
161.3
161.9
173.7
210.3
234.4
196.4
207.8
230.2
244.4
238.4
665.8
652.4
653.0
644.2
655.4
315.0
290.8
284.4
265.3
262.6
350.9
361.6
368.6
378.9
392.9
2,868.0 2,909.1
2,935.2 3,001.8
3,084.5 3,163.6
3,230.9 3,302.7
3,217.2 3,252.2
2,891.5
2,975.9
3,128.8
3,298.6
3,282.4
0
2.9
1973
1974
2,873.9
2,955.9
3,107.1
3,268.6
3,248.1
5.1
5.2
-.6
.7
2.3
5.1
4.7
-.4
-.2
3.2
5.4
4.4
-1.5
1975
1976
1977
1978
1979
3,221.7
3,380.8
3,533.3
3,703.5
3,796.8
2,097.5
2,207.3
2,296.6
2,391.8
2,448.4
226.8
256.4
280.0
292.9
289.0
767.1
801.3
819.8
844.8
862.8
1,103.6
1,149.5
1,196.8
1,254.1
1,296.5
437.6
520.6
600.4
664.6
669.7
316.8
328.7
364.3
412.9
448.8
134.7
166.4
201.9
214.5
207.4
-13.9
25.5
34.3
37.2
13.6
23.1
-6.4
-27.8
-29.9
-10.6
232.9
243.4
246.9
270.2
293.5
209.8
249.7
274.7
300.1
304.1
663.5
659.2
664.1
677.0
689.3
262.7
258.2
263.1
268.6
271.7
400.8
401.1
401.0
408.4
417.6
3,235.6
3,355.3
3,499.0
3,666.3
3,783.2
3,198.6
3,387.1
3,561.1
3,733.3
3,807.4
3,247.6
3,412.2
3,569.0
3,739.0
3,845.3
-.8
4.9
4.5
4.8
2.5
.6
3.7
4.3
4.8
3.2
-1.6
5.9
5.1
4.8
2.0
1980
1981
1982
1983
1984
3,776.3
3,843.1
3,760.3
3,906.6
4,148.5
2,447.1
2,476.9
2,503.7
2,619.4
2,746.1
262.7
264.6
262.5
297.7
338.5
860.5
867.9
872.2
900.3
934.6
1,323.9
1,344.4
1,368.9
1,421.4
1,473.0
594.4
631.1
540.5
599.5
757.5
437.8
455.0
433.9
420.8
490.2
164.8
151.6
124.1
174.2
199.3
-8.3
24.6
30.7
22.0
-7.4
-56.1
289.9
304.1
304.1
342.1
427.7
704.2
713.2
723.6
743.8
766.9
284.8
295.8
306.0
320.8
331.0
419.4
417.4
417.6
423.0
436.0
3,784.6
3,818.6
3,777.8
3,902.2
4,080.6
3,745.7
3,821.2
3,767.7
3,962.8
4,270.5
3,823.4
3,884.4
3,796.1
3,939.6
4,174.5
-.5
1.8
-2.2
3.9
6.2
-1.6
2.0
-122.0
320.5
326.1
296.7
285.9
305.7
0
.9
-17.5
4.4
67.9
-1.1
3.3
4.6
-1.4
5.2
7.8
1985
1986
1988
1989
4,279.8
4,404.5
4,539.9
4,718.6
4,838.0
2,865.8
2,969.1
3,052.2
3,162.4
3,223.3
370.1
402.0
403.7
428.7
440.7
958.7
991.0
1,011.1
1,035.1
1,051.6
1,537.0
1,576.1
1,637.4
1,698.5
1,731.0
745.9
735.1
749.3
773.4
784.0
521.8
500.3
497.8
530.8
540.0
202.0
226.2
225.2
222.7
214.2
22.1
8.5
26.3
19.9
29.8
-145.3
-155.1
-143.1
-104.0
-73.7
309.2
329.6
364.0
421.6
471.8
454.6
484.7
507.1
525.7
545.4
813.4
855.4
881.5
886.8
904.4
355.2
373.0
384.9
377.3
376.1
458.2
482.4
496.6
509.6
528.3
4,257.6
4,395.9
4,513.7
4,698.6
4,808.3
4,425.1
4,559.6
4,683.0
4,822.6
4,911.7
4,295.0
4,413.5
4,544.5
4,726.3
4,852.7
3.2
2.9
3.1
3.9
2.5
4.3
3.2
2.7
4.1
2.3
3.6
3.0
2.7
3.0
1.8
1990
1991
1992
4,897.3
4,861.4
4,986.3
3,272.6
3,258.6
3,341.8
443.1
426.6
456.6
1,060.7
1,048.2
1,062.9
1,768.8
1,783.8
1,822.3
746.8
675.7
732.9
546.5
514.5
529.2
194.5
169.5
197.1
5.7
-8.4
6.5
-54.7
-19.1
-33.6
510.5
543.4
578.0
565.1
562.5
611.6
932.6
946.3
945.2
384.1
386.5
373.0
548.5
559.7
572.2
4,891.6
4,869.8
4,979.8
4,951.9
4,880.5
5,019.9
4,916.5
4,874.5
4,994.0
1.2
-.7
2.6
1.7
-.4
2.3
-1.4
2.9
1947:1 ...
II ..
III .
IV .
1,239.5
1,247.2
1,255.0
1,269.5
784.0
796.8
796.7
795.7
63.2
64.1
65.0
70.7
377.1
385.1
386.2
381.0
343.7
347.6
345.5
344.0
194.9
189.3
191.7
219.1
133.8
131.3
129.6
131.4
61.6
58.4
67.4
80.6
-.5
-.4
-5.2
7.1
43.1
43.9
45.2
35.4
80.1
82.9
80.7
72.5
37.0
39.0
35.4
37.2
217.5
217.2
221.3
219.4
112.6
110.0
111.9
108.3
104.9
107.1
109.4
111.2
1,240.0
1,247.6
1,260.2
1,262.4
1,196.4
1,203.3
1,209.7
1,234.1
1,244.9
1,252.9
1,260.7
1,275.6
2.5
2.5
4.7
2.5
4.1
.7
2.3
2.2
8.3
1948:1 ...
II ..
III .
IV.
1,284.0
1,295.7
1,303.8
1,316.4
803.3
811.6
814.5
822.6
70.9
70.5
73.1
74.3
381.8
385.7
381.9
386.6
350.6
355.5
359.5
361.6
227.0
232.6
232.7
226.9
137.8
134.2
134.0
138.0
79.5
84.2
81.5
75.4
9.7
14.2
17.2
13.5
24.1
15.7
14.2
12.4
65.6
59.1
60.1
57.9
41.6
43.3
45.9
45.4
229.7
235.7
242.3
254.5
118.7
122.4
127.3
136.8
111.0
113.3
115.1
117.7
1,274.3
1,281.5
1,286.6
1,302.8
1,259.9
1,280.0
1,289.6
1,303.9
1,290.9
1,302.9
1,310.9
1,323.5
4.7
3.7
2.5
3.9
3.8
2.3
1.6
5.1
8.6
6.5
3.0
4.5
1949:1 ...
II ..
III .
IV .
1,305.3
1,302.0
1,312.6
1,301.9
823.9
834.3
831.3
836.2
73.2
81.1
82.7
83.3
388.5
389.5
387.2
391.6
362.2
363.7
361.4
361.3
200.9
176.3
187.8
184.5
131.4
124.1
117.7
115.2
69.9
68.7
74.8
84.0
-.3
-16.5
-4.7
-14.8
21.2
21.2
17.7
9.3
64.8
64.3
59.1
51.3
43.6
43.1
41.4
42.0
259.2
270.2
275.9
272.0
137.1
142.3
143.1
136.8
122.2
127.9
132.7
135.2
1,305.6
1,318.5
1,317.3
1,316.7
1,284.1
1,280.8
1,294.9
1,292.7
1,312.1
1,308.6
1,318.9
1,307.6
-3.3
-1.0
3.3
-3.2
.8
4.0
-.4
-.2
-5.9
-1.0
4.5
-.7
1950:1 ...
II ..
III .
IV .
1,350.9
1,393.5
1,445.2
1,484.5
848.8
865.0
899.3
884.3
85.5
86.6
108.9
99.0
396.1
400.0
406.7
398.8
367.2
378.4
383.7
386.5
222.6
245.7
264.2
293.3
118.6
129.6
140.5
141.4
93.3
102.1
107.7
102.5
10.8
13.9
15.9
49.4
7.9
6.3
-2.6
1.4
50.7
51.4
52.8
57.1
42.8
45.1
55.4
55.7
271.5
276.6
284.3
305.5
133.7
137.7
145.1
165.9
137.9
138.9
139.2
139.6
1,340.1
1,379.6
1,429.2
1,435.1
1,343.0
1,387.3
1,447.7
1,483.1
1,357.0
1,400.1
1,453.0
1,492.3
15.9
13.2
15.7
11.3
7.3
12.3
15.2
1.6
16.5
13.9
18.6
10.1
1951:1 ...
II ..
III .
IV .
1,504.1
1,548.3
1,585.4
1,596.0
884.9
894.2
899.9
98.8
86.3
84.0
83.8
409.5
405.7
415.1
420.4
391.5
392.9
395.2
395.8
264.9
270.1
252.6
234.9
137.0
140.8
143.6
141.1
97.4
84.2
78.8
79.5
30.5
45.1
30.3
14.3
3.3
10.4
15.3
15.3
59.5
65.1
66.5
66.0
56.2
54.7
51.2
50.7
336.1
382.8
423.3
445.8
197.3
242.0
281.7
304.2
138.7
140.8
141.6
141.6
1,473.6
1,503.2
1,555.2
1,581.7
1,500.7
1,537.9
1,570.2
1,580.7
1,511.2
1,557.1
1,594.9
1,606.2
5.4
12.3
10.0
2.7
11.2
8.3
14.6
7.0
4.8
10.3
8.7
2.7
1952:1 ...
II ..
III .
IV .
1,607.7
1,612.1
1,621.9
1,657.8
903.4
919.7
925.4
945.2
85.7
88.1
82.2
89.7
417.4
426.7
433.1
438.8
400.2
404.9
410.0
416.7
237.9
219.7
227.3
241.4
141.5
142.5
130.4
139.9
81.6
83.0
82.3
86.6
14.7
-5.9
14.5
14.9
12.7
5.9
-2.3
-7.0
69.8
62.5
58.0
58.7
57.1
56.6
60.3
65.8
453.7
466.8
471.6
478.2
311.9
322.6
330.1
333.7
141.8
144.3
141.5
144.5
1,593.0
1,618.0
1,607.4
1,642.8
1,595.0
1,606.2
1,624.2
1,664.8
1,617.3
1,621.8
1,631.3
1,666.8
3.0
1.1
2.5
9.1
2.9
6.4
-2.6
9.1
3.7
2.8
4.6
10.4
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1972
1987
946.7
-7.6
-6.7
-11.7
-3.2
6.9
-8.6
-7.4
-13.2
-2.0
7.4
8.7
13.7
3.9
-4.7
7.9
6.0
.4
September 1993
SURVEY OF CURRENT BUSINESS
• $1
Table 2.—Gross Domestic Product in Constant Dollars—Continued
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates)
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
Nondurable
Services
Gross private domestic investment
Total
Nonresidential
Residential
CBI
Net exports
Net
Government purchases
Exports
Imports
Total
Federal
State
and
local
Percent change from preceding
period
Final
sales of
domestic
product
Gross
domestic purchases
Gross
national
product
GDP
Final
sales of
domestic
product
Gross
domestic purchases
GNP
1,687.3
1,695.3
1,687.9
1,671.2
958.0
963.4
963.2
965.3
94.9
93.3
93.5
98.1
444.0
445.2
442.5
443.0
419.2
424.9
427.1
424.1
247.1
246.6
241.2
226.3
147.5
147.7
150.5
149.8
88.0
88.2
84.9
84.2
11.6
10.7
5.7
-7.8
-6.7
-9.1
-6.7
-6.0
58.4
58.9
61.4
59.4
65.0
68.0
68.1
65.4
488.9
494.4
490.2
485.6
341.4
346.9
339.2
331.3
147.5
147.5
151.0
154.3
1,675.7
1,684.6
1,682.2
1,679.0
1,694.0
1,704.4
1,694.6
1,677.2
1,696.2
1,704.8
1,696.2
1,679.6
7.3
1.9
-1.7
-3.9
8.2
2.1
-.6
-.8
7.2
2.5
-2.3
-4.0
7.2
2.0
-2.0
-3.9
1,660.8
1,658.4
1,677.7
1,698.3
969.1
976.9
992.9
1,010.4
94.2
94.0
96.3
102.7
445.9
444.1
450.2
457.4
429.1
438.8
446.4
450.3
226.3
226.5
237.0
246.4
146.3
145.2
147.5
145.8
85.1
90.6
96.1
102.0
-5.2
-9.3
-6.6
-1.4
-5.0
-2.7
-1.5
.1
56.6
64.6
62.4
65.0
61.7
67.3
63.9
64.9
470.4
457.6
449.3
441.4
311.2
297.7
285.4
276.5
159.2
159.9
163.9
164.8
1,666.0
1,667.7
1,684.3
1,699.7
1,665.9
1,661.1
1,679.2
1,698.2
1,669.9
1,667.5
1,686.9
1,708.8
-2.5
-.6
4.7
5.0
-3.1
.4
4.0
3.7
-2.7
-1.1
4.4
4.6
-2.3
-.6
4.7
5.3
IV
1,742.5
1,758.6
1,778.2
1,793.9
1,025.1
1,041.3
1,051.3
1,070.2
108.2
115.2
117.6
118.2
460.5
467.8
472.0
481.6
456.4
458.3
461.7
470.5
269.1
285.2
289.3
295.6
148.3
157.5
165.1
171.3
109.6
111.0
108.5
103.7
11.3
16.8
15.7
20.6
-1.0
-7.5
-5.2
-7.0
67.0
65.3
69.3
69.4
68.0
72.8
74.5
76.4
449.3
439.6
442.7
435.1
278.3
266.6
269.4
260.4
170.9
173.0
173.3
174.6
1,731.2
1,741.8
1,762.5
1,773.3
1,743.5
1,766.1
1,783.3
1,800.9
1,753.3
1,769.1
1,788.8
1,804.8
10.8
3.8
4.5
3.6
7.6
2.5
4.8
2.5
11.1
5.3
4.0
4.0
10.8
3.7
4.5
3.6
1956:1
II
III
IV
1,787.0
1,798.5
1,802.2
1,826.6
1,072.7
1,074.0
1,078.8
1,089.2
111.2
109.2
108.5
108.1
486.5
484.6
484.6
488.2
475.0
480.2
485.7
492.9
286.2
283.9
281.6
277.0
169.0
170.9
173.4
171.5
100.7
100.0
98.0
96.6
16.5
12.9
10.2
8.9
-6.8
-2.7
-1.7
6.4
72.3
77.0
79.5
83.2
79.1
79.7
81.2
76.8
434.9
443.3
443.5
454.1
258.7
264.6
263.6
272.3
176.3
178.7
180.0
181.8
1,770.5
1,785.5
1,792.0
1,817.8
1,793.8
1,801.2
1,803.9
1,820.3
1,799.2
1,810.6
1,814.6
1,837.4
-1.5
2.6
.8
5.5
-.6
3.4
1.4
5.9
-1.6
1.7
.6
3.7
-1.2
2.5
.9
5.1
1957:I
1,836.4
1,834.8
1,851.2
1,830.5
1,097.1
1,100.3
1,107.4
1,113.0
111.6
109.3
106.8
107.5
490.4
493.1
500.0
498.3
495.1
497.9
500.6
507.2
272.2
269.3
273.8
252.3
172.3
171.2
174.5
170.4
95.1
92.8
91.6
91.5
4.9
5.3
7.8
88.7
86.3
84.0
81.0
83.3
84.0
82.7
83.6
461.7
462.9
468.7
467.8
276.1
275.7
278.8
273.8
185.7
187.2
189.9
194.0
1,831.5
1,829.5
1,843.4
1,840.1
1,831.0
1,832.5
1,849.9
1,833.1
1,849.3
1,864.6
1,841.0
2.2
-.4
3.6
-4.4
3.1
-.5
3.1
_ y
2.4
.3
3.9
-3.6
2.6
-9.6
5.4
2.3
1.3
-2.6
-5.0
1,790.1
1,804.4
1,840.9
1,880.9
1,102.2
1,114.3
1,130.6
1,141.7
102.0
101.2
101.7
105.1
492.2
495.3
503.5
509.1
508.0
517.9
525.3
527.5
234.4
229.4
247.3
271.9
159.5
153.1
149.9
154.8
88.2
88.1
94.3
104.3
-13.3
-11.8
3.1
12.8
-13.0
-16.3
-13.4
-16.8
72.7
73.2
74.0
74.6
85.8
89.5
87.4
91.4
466.5
476.9
476.3
484.1
267.8
274.9
270.5
274.9
198.8
202.0
205.9
209.2
1,803.4
1,816.2
1,837.8
1,868.1
1,803.1
1,820.6
1,854.3
1,897.7
1,800.8
1,815.4
1,851.4
1,891.2
-8.5
3.2
8.3
9.0
-7.7
2.9
4.8
6.8
-6,4
3.9
7.6
9.7
-8.4
3.3
8.2
8.9
ll!
IV
1,904.9
1,937.5
1,930.8
1,941.9
1,159.5
1,175.5
1,188.0
1,192.7
111.9
116.2
117.6
112.0
514.9
516.9
519.9
522.4
532.7
542.4
550.6
558.2
290.7
308.9
288.1
297.8
158.8
163.8
169.1
169.0
116.4
120.7
118.5
115.0
15.5
24.4
.5
13.9
-21.4
-25.0
-20.3
-20.5
70.9
72.0
77.5
74.7
92.3
97.0
97.8
95.3
476.1
478.2
474.9
471.9
266.4
268.4
265.0
262.8
209.7
209.8
210.0
209.1
1,913.1
1,930.3
1,928.0
1,926.3
1,962.5
1,951.1
1,962.4
1,915.1
1,947.7
1,941.8
1,953.6
5.2
7.0
-1.4
2.3
4.6
5.1
3.6
-.5
6.2
7.7
-2.3
2.3
5.2
7.0
-1.2
2.5
1
||
III
IV
1,976.9
1,971.7
1,973.7
1,961.1
1,201.7
1,216.4
1,210.8
1,214.1
114.5
117.6
116.2
113.2
522.8
529.6
527.0
528.0
564.4
569.1
567.6
572.9
321.8
292.0
288.5
261.0
173.8
176.1
171.7
171.4
118.4
108.6
105.3
105.4
29.6
7.2
11.6
-15.9
-13.4
-10.4
-5.6
-1.2
84.9
88.3
90.5
90.2
98.3
98.7
96.1
91.4
466.8
473.7
479.9
487.2
254.9
257.3
259.5
264.3
211.9
216.4
220.4
222.9
1,947.3
1,964.5
1,962.1
1,977.0
1,990.3
1,982.1
1,979.3
1,962.3
1,988.1
1,983.3
1,985.8
1,974.0
7.4
-1.0
.4
-2.5
4.1
3.6
-.5
3.1
5.8
-1.6
-.6
-3.4
7.3
-1.0
.5
-2.4
Wi- 1
Ill
IV
1,977.4
2,006.0
2,035.2
2,076.5
1,218.1
1,235.6
1,238.8
1,261.0
106.7
107.2
109.3
114.4
532.1
537.7
536.9
543.9
579.3
590.6
592.6
602.7
266.4
279.9
302.4
308.9
169.0
171.0
171.8
176.8
105.9
106.3
112.2
115.8
-8.5
2.6
18.5
16.3
-.9
-6.0
-6.7
-8.4
90.7
86.5
90.7
91.4
91.6
92.6
97.4
99.8
493.7
496.6
500.7
515.1
263.8
268.3
269.7
278.6
229.9
228.3
231.0
236.5
1,985.9
2,003.5
2,016.7
2,060.2
1,978.2
2,012.0
2,041.9
2,084.9
1,991.1
2,018.9
2,048.4
2,090.1
3.4
5.9
6.0
8.4
1.8
3.6
2.7
8.9
3.3
7.0
6.1
8.7
3.5
5.7
6.0
8.4
1962:I
II
III
IV
2,103.8
2,125.7
2,142.6
2,140.2
1,273.5
1,287.0
1,298.2
1,314.3
116.7
119.1
120.1
125.0
548.9
550.6
554.5
558.2
608.0
617.4
623.5
631.1
321.4
322.0
327.3
314.1
180.0
186.1
188.3
185.4
118.0
121.6
121.5
121.3
23.3
14.2
17.5
7.4
-11.9
-7.8
-8.9
-13.5
91.1
97.3
97.5
94.2
103.1
105.0
106.3
107.6
520.8
524.4
526.0
525.3
286.8
289.1
288.1
285.1
234.0
235.3
238.0
240.2
2,080.5
2,111.5
2,125.2
2,132.8
2,115.7
2,133.5
2,151.5
2,153.7
2,117.3
2,140.6
2,157.7
2,157.6
5.4
4.2
3.2
-.4
4.0
6.1
2.6
1.4
6.0
3.4
3.4
.4
5.3
4.5
3.2
0
1963:I
II
2,170.9
2,199.5
2,237.6
2,254.5
1,322.5
1,332.3
1,350.7
1,362.0
127.3
129.7
131.3
133.0
561.0
561.8
565.4
566.1
634.2
640.8
654.1
663.0
330.8
339.5
349.3
353.5
183.7
189.7
195.1
200.7
125.8
135.0
137.5
141.6
21.3
14.9
16.7
11.2
-10.4
-5.2
-6.1
-1.6
94.4
102.1
103.4
107.3
104.8
107.3
109.5
109.0
528.1
532.9
543.6
540.6
283.4
285.9
290.0
283.4
244.7
247.0
253.6
257.1
2,149.6
2,184.6
2,220.9
2,243.3
2,181.3
2,204.7
2,243.6
2,256.1
2,187.4
2,215.3
2,253.6
2,271.0
5.9
5.4
7.1
3.1
3.2
6.7
6.8
4.1
5.2
4.4
7.2
2.2
5.6
5.2
7.1
3.1
2,311.1
2,329.9
2,357.4
2,364.0
1,388.0
1,409.3
1,433.8
1,437.6
137.8
140.6
144.8
139.4
575.7
584.9
595.9
596.3
674.5
683.7
693.2
701.9
372.1
367.9
371.3
376.0
205.2
210.4
217.8
222.7
150.0
142.1
139.5
136.9
16.9
15.4
13.9
16.4
4.6
1.1
2.5
1.9
113.6
112.6
116.8
118.7
109.0
111.5
114.3
116.8
546.4
551.6
549.8
548.4
285.3
285.1
280.5
276.2
261.1
266.5
269.3
272.2
2,294.2
2,314.5
2,343.5
2,347.6
2,306.5
2,328.8
2,354.9
2,362.1
2,329.3
2,347.3
2,375.4
2,380.6
10.4
3.3
4.8
1.1
9.4
3.6
5.1
.7
9.2
3.9
4.6
1.2
10.7
3.1
4.9
.9
1,463.4
1,480.9
1,503.1
1,540.6
152.2
152.4
157.3
162.8
602.8
609.5
617.6
637.2
708.4
719.0
728.2
740.7
407.6
407.5
418.1
418.9
236.4
245.9
255.0
265.0
137.2
138.3
138.5
135.2
34.0
23.4
24.6
18.6
-7.5
-5.0
-7.8
-5.3
105.2
121.0
119.0
127.1
112.7
125.9
126.8
132.4
546.6
559.3
572.1
589.6
272.3
277.8
282.7
295.8
274.4
281.5
289.5
293.8
2,376.1
2,419.4
2,460.9
2,525.1
2,417.6
2,447.7
2,493.3
2,549.1
2,429.1
2,462.5
2,503.8
2,560.3
8.0
5.5
7.2
9.7
4.9
7.5
7.0
10.9
9.7
Ill
IV
2,410.1
2,442.8
2,485.5
2,543.8
8.4
5.6
6.9
9.3
I
II
III
IV
2,596.8
2,601.4
2,626.1
2,640.5
1,559.6
1,566.1
1,582.0
1,587.6
169.9
162.0
166.3
166.0
641.9
647.2
651.7
649.4
747.9
756.9
764.0
772.2
449.5
435.9
435.1
431.4
275.0
276.8
279.2
275.8
138.4
127.0
122.9
109.9
36.1
32.1
32.9
45.7
-11.4
-16.0
-22.8
-21.7
125.2
124.3
125.5
127.9
136.5
140.3
148.3
149.6
599.0
615.4
631.8
643.2
301.1
315.3
328.5
332.3
297.9
300.2
303.3
310.9
2,560.7
2,569.3
2,593.2
2,594.8
2,608.1
2,617.4
2,648.9
2,662.2
2,613.8
2,618.5
2,642.7
2,657.8
8.6
.7
3.9
2.2
5.8
1.4
3.8
.2
1.4
4.9
2.0
8.6
.7
37
2.3
2,657.2
2,669.0
2,699.5
2,715.1
1,600.2
1,620.8
1,629.4
1,639.0
162.8
170.0
168.1
167.8
655.4
659.0
658.8
662.7
781.9
791.8
802.5
411.7
406.1
424.9
431.8
271.0
269.7
268.8
273.4
106.4
118.6
124.4
131.6
34.3
17.8
31.6
26.8
-20.5
-21.1
-23.5
-29.7
131.0
129.5
128.3
131.3
151.6
150.6
151.8
161.0
665.8
663.2
668.7
673.9
351.8
347.7
352.0
352.2
313.9
315.5
316.7
321.7
2,622.9
2,651.2
2,667.9
2,688.3
2,677.7
2,690.1
2,723.0
2,744.8
2,674.2
2,685.5
2,717.9
2,732.8
2.6
1.8
4.6
2.3
4.4
4.4
2.5
3.1
2.3
1.9
5.0
3.2
2.5
1.7
4.9
2.2
2,752.1
2,796.9
2,816.8
2,821.7
1,672.9
1,696.8
1,725.2
1,735.0
178.2
182.0
189.4
188.5
675.5
683.0
692.9
692.7
819.2
831.9
842.9
853.8
433.0
447.0
442.3
438.0
280.9
275.5
277.7
286.4
132.2
135.6
138.1
139.6
20.0
36.0
26.5
-36.8
-35.7
-37.4
-40.1
134.2
137.6
146.2
142.9
170.9
173.2
183.6
183.1
682.9
688.7
686.7
356.4
355.9
350.3
349.7
326.5
332.8
336.4
339.1
2,732.1
2,760.9
2,790.3
2,809.6
2,788.8
2,832.6
2,854.2
2,861.8
2,770.3
2,815.6
2,836.0
2,840.6
5.6
6.7
2.9
.7
6.7
4.3
4.3
2.8
6.6
6.4
3.1
1.1
5.6
6.7
2.9
.7
2,864.6
2,867.8
2,884.5
2,875.1
1,754.7
1,765.1
1,775.0
1,790.1
192.0
190.9
190.6
189.7
698.7
702.3
703.8
708.0
863.9
871.8
880.6
892.4
466.2
460.6
471.0
447.4
293.1
293.8
300.9
297.7
144.3
143.2
141.9
131.3
28.9
23.7
28.2
-38.9
-44.1
-43.3
-39.8
128.4
154.5
153.1
155.0
167.3
198.6
196.3
194.8
682.6
686.3
681.7
677.3
342.2
343.5
339.3
335.4
340.4
342.7
342.4
342.0
2,835.8
2,844.1
2,856.3
2,856.6
2,903.5 2,883.6
2,912.0 2,886.0
2,927.7 2,901.7
2,914.8 2,892.2
6.2
.4
2.3
-1.3
3.8
1.2
1.7
0
6.0
1.2
2.2
-1.8
6.2
.3
2.2
-1.3
2,867.8
2,859.5
2,895.0
2,873.3
1,800.5
1,807.5
1,824.7
1,821.2
185.2
187.3
188.2
174.2
714.6
714.0
718.0
722.3
900.7
906.2
918.5
924.7
431.8
423.6
439.4
424.1
294.9
292.5
295.5
284.9
131.9
122.8
129.5
143.2
-36.0
-33.9
-34.4
-36.4
157.3
163.3
161.3
163.2
193.3
197.1
195.7
199.6
671.5
662.2
665.3
664.4
326.3
315.1
310.9
307.5
345.2
347.1
354.3
356.9
2,862.8
2,851.1
2,880.6
2,877.3
2,903.8
2,893.4
2,929.4
2,909.7
2,885.5
2,877.9
2,913.0
2,889.7
-1.0
-1.2
5.1
-3.0
.9
-1.6
4.2
-.5
-1.5
-1.4
14.4
-4.0
5.1
-2.7
-1.0
5.0
-3.2
2,939.9
2,944.2
2,962.3
2,977.3
1,849.9
1,863.5
1,876.9
1,904.6
193.0
197.8
203.3
211.5
724.0
724.9
724.2
729.4
932.9
940.8
949.4
963.7
467.8
476.2
482.0
476.8
284.9
286.2
285.8
290.3
151.1
166.1
174.2
181.0
31.9
23.8
21.9
5.4
-34.0
-48.8
-47.0
-53.8
162.5
162.7
171.0
151.4
196.5
211.5
218.0
205.2
656.1
653.3
650.4
649.7
297.7
292.7
269.3
283.6
358.4
360.7
361.1
366.1
2,908.0
2,920.5
2,940.3
2,971.8
2,973.8
2,993.0
3,009.3
3,031.1
2,959.7
2,965.4
2,981.2
2,997.4
9.6
.6
2.5
2.0
4.3
1.7
2.7
9.1
2.6
2.2
2.9
10.0
.8
2.1
2.2
3,037.3
3,089.7
3,125.8
3,175.5
1,929.3
1,963.3
1,989.1
2,032.1
215.9
220.9
225.7
238.3
734.9
752.7
761.7
774.0
978.5
511.3
527.4
542.1
547.8
299.7
306.1
311.4
329.1
193.1
197.1
197.6
204.2
18.4
24.2
33.1
14.4
v61.2
-57.0
-53.9
-54.0
169.5
166.5
173.9
185.0
230.7
223.5
227.8
239.0
657.9
656.0
648.5
649.5
290.7
290.6
280.3
275.8
367.2
365.4
368.2
373.7
3,018.9
3,065.5
3,092.7
3,161.0
3,098.5
3,146.7
3,179.7
3,229.4
3,058.4
3,110.5
3,148.4
3,197.8
8.3
7.1
4.8
6.5
9.2
1,001.6
1,019.8
6.4
4.3
6.4
8.4
7.0
5.0
6.4
3,253.3
3,267.6
3,264.3
3,289.1
2,063.9
2,062.0
2,073.7
2,067.4
253.4
248.2
245.9
239.0
780.7
773.7
780.5
776.7
1,029.7
1,040.1
1,047.3
1,051.6
586.8
596.3
580.0
603.6
344.3
357.7
363.1
364.3
211.2
200.5
192.1
182.6
31.3
38.1
24.8
56.7
-49.7
-36.6
-26.1
-23.9
200.7
209.2
212.4
219.0
250.3
245.9
238.5
242.9
652.3
645.9
636.8
642.0
276.9
270.0
256.8
257.7
375.3
375.9
380.0
384.2
3,222.0 3,303.0
3,229.5 3,304.2
3,239.6 3,290.4
3,232.4 3,313.0
3,279.4
3,295.6
3,297.2
3,322.1
10.2
1.8
-.4
3.1
9.4
.1
-1.7
2.8
10.6
2.0
.2
3.1
1953:
I .
Ill
IV
1954:I
IV
1955:
I
Ill
IV
1958:I
IV
1959:1
1960:
IV
1964:I
IV
1965:1 .
1966:
1967:I
II
IV
1968:
I
IV
1969:I
Ill
IV
1970:I
1971:1
IV
1972:I
Ill
IV
1973:
I .
IV
989.6
12.1
18.5
5.1
8.4
5.1
7.7
9.3
9.6
-.9
$2 • September 1993
SURVEY OF CURRENT BUSINESS
Table 2.—Gross Domestic Product in Constant Dollars—Continued
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
Nondurable
goods
Services
Gross private domestic investment
Total
Nonresidential
Residential
CBI
Net exports
Net
Percent change from preceding
period
Government purchases
Exports
Imports
Total
Federal
State
and
local
Final
sales of
domestic
product
Gross
domestic purchases
Gross
national
product
GDP
Final
Gross
sales of
domesdomestic purtic
chases
product
1974:1 ...
II ..
III .
IV .
3,259.4
3,267.6
3,239.1
3,226.4
2,050.8
2,059.0
2,065.5
2,039.9
230.9
233.5
235.3
209.1
766.3
761.2
760.7
750.9
1,053.6
1,064.3
1,069.5
1,079.9
565.1
554.6
528.5
523.7
364.0
363.3
354.9
343.7
169.3
161.5
156.0
135.6
31.9
29.8
17.6
44.4
-5.3
-4.5
-9.2
2.6
229.0
240.2
230.4
237.8
234.3
244.7
239.6
235.1
648.8
658.6
654.2
660.1
260.0
264.0
260.1
266.2
388.8
394.6
394.1
393.9
3,227.6
3,237.8
3,221.4
3,182.0
3,264.7
3,272.1
3,248.3
3,223.7
3,298.4
3,304.3
3,272.2
3,254.6
-3.6
1.0
-3.4
-1.6
1.3
-2.0
-4.8
-5.7
.9
-2.9
-3.0
1975: I ...
II ..
III .
IV .
3,154.0
3,190.4
3,249.9
3,292.5
2,051.8
2,086.9
2,114.4
2,137.0
214.6
218.5
233.3
240.7
752.1
767.1
773.5
775.6
1,085.0
1,101.3
1,107.6
1,120.6
419.8
411.3
451.7
467.7
320.7
312.4
315.5
318.5
127.0
129.4
138.2
144.3
-28.0
-30.6
-2.0
4.9
23.3
32.7
18.4
18.2
233.9
227.7
229.7
240.2
210.7
195.0
211.4
222.0
659.2
659.5
665.4
669.7
262.0
261.5
262.6
264.6
397.1
398.0
402.8
405.1
3,181.9
3,221.0
3,251.8
3,287.7
3,130.7
3,157.7
3,231.5
3,274.4
3,177.3
3,213.9
3,275.5
3,323.6
-8.7
4.7
7.7
5.3
0
5.0
3.9
4.5
-11.0
3.5
9.7
5.4
1976:1 ...
II ..
III .
IV .
3,356.7
3,369.2
3,381.0
3,416.3
2,179.3
2,194.7
2,213.0
2,242.0
254.G
254.4
256.2
261.0
789.2
799.3
805.2
811.6
1,136.1
1,141.0
1,151.6
1,169.4
509.4
521.8
519.2
532.1
323.6
324.9
330.8
335.7
159.0
163.6
161.2
181.8
26.9
33.3
27.2
14.7
2.8
-6.2
-8.3
-13.7
238.9
239.9
246.4
248.4
236.0
246.1
254.7
262.1
665.1
658.9
657.0
655.9
258.6
258.1
257.7
258.2
406.5
400.8
399.3
397.7
3,329.8
3,335.9
3,353.7
3,401.6
3,353.8
3,375.4
3,389.3
3,430.0
3,386.8
3,400.5
3,412.7
3,448.9
8.0
1.5
1.4
4.2
5.2
.7
2.2
5.8
10.1
2.6
1.7
4.9
1977:1 ...
II ..
III .
IV .
3,466.4
3,525.0
3,574.4
3,567.2
2,271.3
2,280.8
2,302.6
2,331.6
272.3
278.1
282.1
287.3
817.8
815.7
816.7
829.2
1,181.2
1,187.0
1,203.8
1,215.1
563.6
602.7
628.3
607.1
351.6
360.5
366.6
378.5
187.1
207.9
207.7
204.8
24.9
34.3
54.0
23.8
-27.8
-25.2
-22.5
-35.9
244.0
250.8
250.5
242.1
271.8
276.0
273.0
277.9
659.2
666.7
666.0
664.3
259.4
264.2
264.3
264.3
399.9
402.5
401.7
400.0
3,441.5
3,490.7
3,520.4
3,543.4
3,494.1
3,550.2
3,596.9
3,603.0
3,503.9
3,561.7
3,610.8
3,599.3
6.0
6.9
5.7
4.8
5.8
3.4
2.6
7.7
6.6
5.4
.7
1978: I ...
II ..
III .
IV .
3,591.8
3,707.0
3,735.6
3,779.6
2,347.1
2,394.0
2,404.5
2,421.6
279.0
300.4
295.2
297.0
833.5
840.9
848.0
856.9
1,234.6
1,252.8
1,261.3
1,267.7
625.4
663.6
676.2
693.1
383.1
411.0
423.0
434.3
206.3
215.6
217.9
218.2
36.0
36.9
35.3
40.6
-46.8
-26.5
-26.9
-19.2
248.7
271.6
274.5
286.0
295.6
298.1
301.4
305.2
666.1
675.9
681.8
684.1
263.5
270.4
270.3
270.1
402.6
405.4
411.5
414.0
3,555.8
3,670.1
3,700.3
3,739.0
3,638.6
3,733.5
3,762.5
3,798.8
3,629.1
3,737.9
3,769.8
3,819.3
2.8
13.5
3.1
4.8
1.4
13.5
3.3
4.2
4.0
10.8
3.1
3.9
1979:1 ...
3,780.8
3,784.3
3,807.5
3,814.6
2,437.9
2,435.4
2,454.7
2,465.4
293.8
285.9
292.4
283.8
860.5
856.6
863.5
870.8
1,283.6
1,292.8
1,298.7
1,310.9
679.0
682.3
666.5
651.1
444.1
442.9
454.7
453.4
213.2
209.8
206.7
199.7
21.7
29.7
5.0
-2.0
-17.3
-20.4
-7.3
2.8
286.5
284.9
292.9
309.9
303.8
305.3
300.2
307.1
681.2
687.0
693.6
695.3
270.4
269.9
273.5
272.9
410.8
417.1
420.1
422.4
3,759.1
3,754.6
3,802.5
3,816.7
3,798.1
3,804.7
3,814.8
3,811.9
3,821.2
3,829.8
3,862.0
3,868.3
.1
.4
2.5
.7
2.2
-.5
5.2
1.5
-.1
.7
III
IV
3,830.8
3,732.6
3,733.5
3,808.5
2,464.6
2,414.2
2,440.3
2,469.2
279.7
246.3
258.4
266.6
857.4
855.3
859.9
1,315.6
1,310.4
1,326.6
1,342.8
650.4
577.5
544.3
605.5
457.7
430.7
428.2
434.7
185.6
150.4
153.4
170.0
7.1
-3.6
-37.2
.8
11.1
33.1
47.0
31.5
319.6
323.0
320.1
319.5
308.5
290.0
273.1
287.9
704.7
707.9
701.9
702.2
281.0
288.2
285.6
284.4
423.7
419.7
416.2
417.8
3,823.7
3,736.2
3,770.7
3,8077
3,819.7
3,699.5
3,686.5
3,776.9
3,884.6
3,782.3
3,780.5
3,846.2
-9.9
.1
8.3
3.7
4.0
.8
-12.0
-1.4
10.2
I
||
III
IV
3,860.5
3,844.4
3,864.5
3,803.1
2,475.5
2,476.1
2,487.4
2,468.6
274.4
262.6
271.3
250.0
867.3
868.6
867.9
868.1
1,333.8
1,344.9
1,348.2
1,350.6
643.8
627.0
644.5
609.1
444.9
450.9
461.6
462.5
166.2
160.2
147.3
132.5
32.6
15.8
35.7
14.1
29.0
27.9
20.9
10.0
328.1
332.0
323.3
321.1
299.0
304.1
302.3
311.1
712.2
713.4
711.7
715.5
290.6
297.3
297.5
297.9
421.6
416.2
414.2
417.5
3,827.9
3,828.6
3,789.0
3,831.5
3,816.5
3,843.6
3,793.1
3,901.6
3,882.8
3,904.9
3,848.5
5.6
-1.7
2.1
-6.2
2.1
.1
0
-4.1
5.9
-1.6
2.9
-5.2
1982: I
||
III
IV
3,756.1
3,771.1
3,754.4
3,759.6
2,484.0
2,488.9
2,502.5
2,539.3
259.3
258.6
260.0
272.3
867.6
867.7
872.7
880.7
1,357.1
1,362.6
1,369.8
1,386.2
553.9
559.5
545.0
503.5
453.6
440.1
424.8
417.2
124.8
120.8
119.5
131.2
-24.4
-1.5
.7
3.5
3.5
-17.7
-19.0
302.6
302.9
311.5
299.4
714.7
719.2
724.6
735.9
299.5
301.6
307.0
316.0
415.2
417.6
417.6
419.9
3,780.6
3,772.6
3,753.7
3,804.5
3,752.6
3,767.6
3,772.1
3,778.6
3,793.0
3,810.3
3,789.4
3,791.7
-4.9
-44.9
306.1
306.5
293.9
280.4
1.6
-1.8
.6
-2.0
5.5
-4.2
1.6
.5
.7
1983: I
II
III
IV
3,783.5
3,886.5
3,944.4
4,012.1
2,556.5
2,604.0
2,639.0
2,678.2
274.3
294.0
303.3
319.1
885.2
893.8
907.1
915.2
1,396.9
1,416.1
1,428.6
1,443.9
519.7
588.0
620.8
669.5
403.1
407.6
423.0
449.6
150.1
170.5
185.7
190.6
-33.5
9.9
12.1
29.3
-28.0
-45.9
-67.0
-83.7
282.5
283.7
286.1
291.5
310.5
329.5
353.1
375.1
735.3
740.4
751.5
748.1
315.5
319.2
326.3
322.2
419.8
421.2
425.3
425.9
3,817.0
3,876.6
3,932.3
3,982.8
3,811.5
3,932.3
4,011.4
4,095.8
3,816.5
3,916.7
3,978.8
4,046.6
2.6
11.3
6.1
7.0
1.3
6.4
5.9
5.2
3.5
13.3
8.3
8.7
1984:
4,089.5
4,144.0
4,166.4
4,194.2
2,703.8
2,741.1
2,754.6
2,784.8
329.6
339.0
337.6
347.7
920.6
936.2
938.5
942.9
1,453.6
1,465.8
1,478.6
1,494.2
739.9
760.6
773.1
756.4
463.7
487.2
500.4
509.6
196.4
202.4
199.7
198.8
79.9
71.0
73.0
47.9
-108.4
-121.0
-127.2
-131.4
298.0
303.9
308.2
312.8
406.3
424.9
435.4
444.2
754.1
763.3
766.0
784.3
323.8
329.6
328.7
341.7
430.4
433.7
437.3
442.6
4,009.6
4,073.1
4,093.5
4,146.2
4,197.9
4,265.0
4,293.6
4,325.5
4,119.1
4,169.4
4,193.0
4,216.4
7.9
5.4
2.2
2.7
2.7
6.5
2.0
5.2
10.4
6.5
2.7
3.0
1985:1 ....
II ...
III ..
IV ..
4,221.8
4,254.8
4,309.0
4,333.5
2,824.9
2,849.7
2,893.3
2,895.3
360.1
364.4
386.4
369.6
949.2
955.6
961.3
968.7
1,515.5
1,529.8
1,545.6
1,557.1
732.6
748.4
739.6
763.1
518.8
525.8
517.2
525.5
199.0
198.9
202.7
207.4
14.8
23.7
19.8
30.2
-127.1
-149.2
-149.6
-155.4
310.9
309.8
304.3
312.0
438.1
459.0
454.0
467.4
791.5
805.8
825.7
830.5
343.4
350.0
363.5
363.7
448.1
455.8
462.2
466.7
4,207.1
4,231.0
4,289.2
4,303.3
4,349.0
4,404.0
4,458.6
4,488.9
4,238.1
4,270.5
4,321.8
4,349.5
2.7
3.2
5.2
2.3
6.0
2.3
5.6
1.3
2.2
5.2
5.1
2.7
1986:1 ....
II ...
III ..
IV ..
4,390.5
4,387.7
4,412.6
4,427.1
2,922.4
2,947.9
2,993.7
3,012.5
378.9
390.2
423.1
415.7
980.8
990.2
1,000.9
1,562.8
1,567.5
1,578.3
1,595.8
776.4
746.3
711.7
705.9
513.2
500.1
492.5
495.5
215.0
228.0
231.3
230.5
48.1
18.2
-12.0
-20.1
-143.1
-157.1
-164.3
-156.0
320.9
323.9
330.6
342.9
464.0
480.9
494.9
498.9
834.9
850.6
871.6
864.8
359.4
369.7
385.5
377.5
475.4
480.9
486.0
487.3
4,342.4
4,369.5
4,424.7
4,447.2
4,533.6
4,544.7
4,577.0
4,583.1
4,406.4
4,394.6
4,422.3
4,430.8
5.4
-.3
2.3
1.3
3.7
2.5
5.1
2.0
4.0
1.0
2.9
.5
1987:1 ....
4,460.0
4,515.3
4,559.3
4,625.5
3,011.5
3,046.8
3,075.8
3,074.7
389.4
403.1
417.7
404.7
1,005.6
1,011.3
1,012.9
1,014.6
1,616.5
1,632.4
1,645.2
1,655.5
729.3
735.7
738.4
793.8
481.1
490.7
508.6
510.6
225.7
227.7
224.3
223.3
22.5
17.3
5.4
59.9
-150.0
-146.3
-139.8
-136.0
342.1
356.5
371.5
386.1
492.1
502.7
511.3
522.1
869.1
879.0
884.9
893.0
376.8
384.5
386.8
391.6
492.3
494.6
498.1
501.4
4,437.5
4,497.9
4,553.9
4,565.6
4,610.0
4,699.1
4,761.5
4,463.9
4,517.8
4,563.6
4,633.0
3.0
5.1
4.0
5.9
-.9
5.6
5.1
1.0
2.4
4.6
3.3
5.4
4,655.3
4,704.8
4,734.5
4,779.7
3,128.2
3,147.8
3,170.6
3,202.9
425.1
426.9
423.8
439.2
1,023.5
1,031.0
1,039.3
1,046.8
1,679.6
1,690.0
1,707.5
1,716.9
756.9
769.4
782.2
785.0
517.7
531.4
535.2
538.8
220.0
222.0
223.5
225.3
19.2
16.1
23.5
20.9
-113.4
-98.1
-101.9
-102.7
407.1
417.2
424.1
438.2
520.5
515.2
526.1
540.9
883.7
885.6
883.7
894.5
379.7
377.2
373.7
378.4
503.9
508.3
510.0
516.1
4,636.2
4,688.7
4,710.9
4,758.7
4,768.7
4,802.8
4,836.4
4,882.4
4,667.1
4,710.3
4,738.7
4,789.0
2.6
4.3
2.5
3.9
6.3
4.6
1.9
4.1
.6
2.9
2.8
3.9
1989:1 .
4,817.6
4,839.0
4,839.0
4,856.7
3,203.6
3,212.2
3,235.3
3,242.0
435.2
440.2
450.6
436.8
1,048.1
1,047.0
1,052.6
1,058.9
1,720.3
1,725.1
1,732.2
1,746.3
802.9
794.5
769.0
769.5
539.5
542.2
541.8
536.7
222.2
215.4
211.2
208.0
41.2
36.9
16.0
24.9
-79.8
-70.0
-77.5
-67.4
454.5
472.0
472.9
487.7
534.3
541.9
550.5
555.0
890.8
902.3
912.2
912.6
370.1
376.9
381.5
376.1
520.7
525.4
530.7
536.5
4,776.3
4,802.0
4,823.0
4,831.8
4,897.3
4,908.9
4,916.5
4,924.1
4,830.7
4,851.6
4,853.4
4,875.1
3.2
1.8
0
1.5
1.5
2.2
1.8
.7
1.2
1.0
.6
.6
1990:1
4,898.3
4,917.1
4,906.5
4,867.2
3,264.4
3,271.6
3,288.4
3,265.9
454.8
441.8
442.4
433.2
1,059.8
1,060.6
1,065.0
1,057.5
1,749.8
1,769.2
1,781.1
1,775.2
766.5
773.9
751.0
695.7
550.2
544.5
551.2
540.2
211.6
201.2
189.0
176.3
4.7
28.1
10.9
-20.9
-60.8
-58.9
-62.2
-36.8
501.8
511.1
508.6
520.4
562.6
570.0
570.7
557.2
928.1
930.6
929.2
942.4
385.4
384.7
379.6
386.5
542.8
545.9
549.6
555.8
4,893.6
4,889.0
4,895.6
4,888.0
4,959.1
4,976.0
4,968.6
4,904.0
4,916.4
4,933.4
4,920.9
4,895.4
3.5
1.5
-.9
-3.2
5.2
-.4
.5
-.6
2.9
1.4
-.6
-5.1
1991:1
4,837.8
4,855.6
4,872.6
4,879.6
3,242.7
3,256.9
3,267.1
3,267.5
420.3
422.0
432.6
431.5
1,048.2
1,051.1
1,049.3
1,044.0
1,774.2
1,783.8
1,785.2
1,792.0
667.8
659.8
682.8
692.3
521.4
517.8
512.8
506.1
163.8
164.3
171.0
179.1
-17.4
-22.3
-.9
7.1
-21.6
-13.3
-25.0
-16.4
519.4
542.9
546.9
564.2
541.0
556.2
571.9
580.7
948.9
952.3
947.6
936.2
393.8
393.6
386.6
372.1
555.1
558.7
561.0
564.1
4,855.2
4,878.0
4,873.5
4,872.5
4,859.4
4,869.0
4,897.6
4,896.0
4,859.3
4,867.5
4,880.3
-2.4
1.5
1.4
.6
-2.7
1.9
-.4
-.1
-3.6
.8
2.4
-.1
1992:I
4,922.0
4,956.5
4,998.2
5,068.3
3,302.3
3,316.8
3,350.9
3,397.2
446.6
447.5
459.0
473.4
1,052.0
1,055.0
1,062.9
1,081.8
1,803.7
1,814.3
1,829.0
1,842.0
691.7
737.0
739.6
763.0
510.5
528.8
533.8
543.7
186.2
195.6
196.2
210.6
-5.0
12.6
9.6
8.7
-15.2
-38.0
-42.5
-38.8
571.0
570.2
579.3
591.6
586.2
608.2
621.8
630.3
943.1
940.7
950.2
946.9
372.1
369.2
377.0
373.7
571.0
571.5
573.2
573.2
4,926.9
4,943.8
4,988.6
5,059.6
4,937.1
4,994.5
5,040.7
5,107.1
4,939.0
4,962.2
5,006.4
5,068.4
3.5
2.8
3.4
5.7
4.5
1.4
3.7
5.8
3.4
4.7
3.8
5.4
II
1981:
ii'"".".'."."!
in
IV
IV ..
«: I ...,
992.3
NOTE.—GDP-Gross domestic product; CBUChange in business inventories; GNP«Gross national product
1.7
1.1
-.3
SURVEY OF CURRENT BUSINESS
September 1993
•
53
Table 3.—Price Indexes and the Gross Domestic Product Implicit Price Deflator
[Index numbers, 1987=100; quarterly data are seasonally adjusted]
Fixed-weighted price indexes
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
goods
Nondurable goods
Percent change from
preceding period
Fixed investment
Services
Total
Nonresidential
Government purchases
Residen-
Exports
Imports
Total
Federal
State and
local
Gross
domestic
purchases
GDP
1959
30.4
54.4
31.4
23.9
25.0
24.6
28.6
21.5
25.6
1960
1961 .
1962
1963
1964
30.8
31.1
31.3
31.6
31.9
54.1
53.8
53.4
53.1
53.1
31.8
32.0
32.1
32.5
32.8
24.5
25.0
25.3
25.7
26.1
25.1
25.1
25.0
24.7
24.9
25.1
25.5
26.3
26.8
27.3
29.0
29.3
30.0
30.6
31.3
22.1
22.5
23.4
23.8
24.2
26.0
26.3
26.9
27.2
27.7
32.2
32.8
33.7
35.0
36.3
52.1
51.3
51.8
53.1
54.2
33.3
34.3
35.1
36.5
38.1
26.7
27.4
28.3
29.6
30.7
25.5
26.4
27.2
28.6
30.6
27.9
29.0
30.2
31.8
33.7
32.0
32.8
33.9
35.6
37.4
24.8
26.0
27.4
28.9
30.8
28.4
29.4
30.3
31.8
33.4
1970
1971
1972
1973
1974
37.9
39.5
40.8
42.7
46.7
55.1
56.7
57.1
57.8
61.0
39.9
41.1
42.4
45.3
51.3
32.4
34.3
35.9
37.4
40.3
31.7
33.5
35.5
38.6
42.7
36.2
38.6
41.1
43.7
46.9
40.2
42.9
46.0
48.4
50.2
33.1
35.3
37.3
40.1
44.3
35.2
37.1
38.8
41.3
44.9
1975
1976
1977
1978
1979
50.5
53.3
56.7
60.7
65.8
66.0
69.1
71.7
75.2
80.0
55.3
57.5
60.8
64.7
71.3
43.7
46.9
50.5
54.6
59.0
46.7
49.7
54.7
61.4
68.2
51.4
54.4
57.7
61.7
54.6
57.3
60.4
64.1
68.9
52.1
55.7
59.9
65.1
49.2
52.3
55.9
60.3
65.5
1965
1966
1967
1968
1969
.
. .
..
FWPI
GDP IPD
Gross
domestic
purchases
1980
1981
1982
1983
1984
84.8
88.1
91.1
72.6
78.9
83.2
86.7
89.9
84.7
89.5
92.4
93.7
94.9
79.6
86.0
88.8
91.1
93.7
65.3
71.9
77.4
82.4
86.4
95.6
94.8
94.7
100.3
98.3
96.8
75.3
81.3
85.3
87.3
89.8
100.4
99.7
99.9
101.2
97.7
96.8
73.3
79.6
85.0
88.5
92.2
75.2
82.3
88.5
92.2
95.6
71.9
77.6
82.3
85.5
89.6
85.4
88.3
91.0
71.7
78.9
83.8
87.2
91.0
3.3
3.1
1985
1986
1987
1988
1989
94.3
97.0
100.0
104.0
108.6
93.3
96.1
100.0
104.3
109.5
96.0
97.1
100.0
102.0
104.5
96.2
96.1
100.0
103.8
109.5
90.9
95.8
100.0
105.1
110.7
95.7
97.9
100.0
103.3
106.3
97.3
98.8
100.0
102.8
105.6
92.1
95.8
100.0
104.3
107.8
98.2
97.3
100.0
105.7
108.2
94.6
93.8
100.0
105.4
108.5
95.4
97.6
100.0
103.7
107.9
97.9
99.0
100.0
102.8
107.0
93.5
96.5
100.0
104.3
108.6
94.0
96.6
100.0
104.0
108.6
94.4
96.9
100.0
103.9
108.5
3.3
2.8
3.5
4.0
4.5
1990
1991
1992
113.6
118.2
122.1
115.2
120.5
124.9
106.3
109.1
111.5
116.2
120.5
123.0
116.8
123.3
129.5
109.1
110.8
112.0
108.4
110.2
111.4
110.7
111.9
113.4
110.0
112.4
113.7
112.4
113.8
115.1
112.6
116.7
120.6
111.8
116.5
121.8
113.2
116.8
119.6
113.7
118.2
122.0
113.3
117.7
121.1
4.7
3,9
3.3
30.3
30.4
30.5
30.6
54.2
54.4
54.4
54.4
31.2
31.3
31.5
31.6
23.8
23.9
24.0
24.1
24.9
25.0
25.0
25.0
24.4
24.5
24.6
24.7
28.4
28.5
28.7
28.7
21.3
21.4
21.5
21.6
25.4
25.6
25.7
25.8
30.6
30.8
30.9
31.0
54.3
54.3
54.1
53.8
31.6
31.8
31.9
32.0
24.2
24.4
24.6
24.8
25.0
25.1
25.1
25.1
24.9
25.0
25.2
25.3
28.8
28.8
29.2
29.2
21.9
22.0
22.1
22.3
26.0
26.0
26.1
26.0
31.1
31.1
31.1
31.1
53.9
53.9
53.9
53.7
32.0
31.9
32.0
31.9
24.9
24.9
25.0
25.1
25.1
25.1
25.1
25.0
25.2
25.5
25.5
25.7
29.1
29.3
29.3
29.4
22.2
22.5
22.6
22.8
26.1
26.2
26.4
26.5
31.2
31.3
31.3
31.4
53.5
53.4
53.3
53.1
32.0
32.1
32.2
32.3
25.1
25.3
25.4
25.5
25.1
25.0
25.0
24.9
26.1
26.2
26.3
26.5
29.8
29.8
29.9
30.4
23.3
23.4
23.4
23.4
26.7
26.8
26.9
27.0
IV
31.4
31.5
31.6
31.7
53.0
53.0
53.1
53.2
32.3
32.4
32.5
32.6
25.6
25.7
25.8
25.9
24.9
24.8
24.5
24.7
26.7
26.7
26.8
27.0
30.5
30.6
30.5
30.9
23.7
23.7
23.9
24.0
27.1
27.1
27.2
27.4
1964-I
II
II!
IV
31.8
31.9
31.9
32.0
53.3
53.1
53.0
52.8
32.8
32.8
32.8
32.9
26.0
26.1
26.2
26.3
24.4
24.8
24.9
25.4
27.1
27.3
27.4
27.5
30.9
31.2
31.4
31.5
24.1
24.2
24.3
24.4
27.5
27.6
27.7
27.9
1965:
I
||
III
IV
32.1
32.2
32.3
32.3
52.8
52.5
52.0
51.3
33.1
33.3
33.4
33.5
26.5
26.6
26.7
26.9
25.3
25.4
25.3
26.0
27.6
27.7
28.0
28.3
31.6
31.7
32.1
32.4
24.5
24.7
24.8
25.1
28.2
28.3
28.5
28.7
1966:I
II
Ill
IV
32.5
32.7
33.0
33.2
51.1
51.2
51.4
51.5
33.9
34.1
34.4
34.6
27.0
27.2
27.5
27.8
25.7
26.5
26.4
26.9
28.6
28.9
29.1
29.4
32.5
32.8
32.9
33.1
25.5
25.8
26.2
26.5
29.0
29.3
29.5
29.9
1967-I
II
III
IV
33.3
33.5
33.8
34.1
51.5
51.6
51.9
52.4
34.8
34.9
35.3
35.5
28.0
28.2
28.5
28.7
27.0
27.0
27.2
27.7
29.8
30.0
30.3
30.8
33.4
33.7
34.0
34.6
26.9
27.2
27.5
27.8
30.0
30.1
30.4
30.8
1968-I
II
Ill
IV
34.5
34.8
35.1
35.5
52.7
52.9
53.2
53.6
35.9
36.3
36.7
37.1
29.1
29.4
29.7
30.0
28.2
28.4
28.4
29.5
31.2
31.5
32.0
32.5
35.0
35.3
36.0
36.4
28.3
28.7
29.0
29.5
31.2
31.6
32.0
32.4
1969-I
II
35.7
36.1
36.5
36.8
53.8
54.2
54.3
54.6
37.4
37.9
38.4
38.8
30.2
30.5
30.9
31.3
30.1
30.5
30.7
31.2
32.8
33.3
34.0
34.5
36.6
36.9
37.8
38.2
29.9
30.5
31.0
31.6
32.7
33.2
33.7
34.0
37.3
37.6
38.0
38.6
54.6
54.8
55.1
55.9
39.3
39.8
40.1
40.5
31.7
32.1
32.5
33.1
31.1
32.3
31.5
31.8
35.3
35.9
36.5
37.0
39.3
39.9
40.5
40.9
32.2
32.8
33.4
33.9
34.5
35.1
35.3
35.7
39.0
39.4
39.8
40.0
56.6
56.9
56.8
56.5
40.6
41.0
41.3
41.6
33.6
34.1
34.6
35.0
32.6
33.3
33.9
34.4
37.8
38.4
38.9
39.4
42.0
42.6
43.2
43.9
34.6
35.2
35.6
35.9
36.4
37.0
37.4
37.7
1959: |
II
III
IV
1960-I
il
Ill
IV
1961: I
||
III
IV
1962: I
II
Ill
IV ..
. .
1963:I
||
III
Ill
IV
1970-
.,.
I
||
III
IV
.
.
1971- |
||
III
IV
54 • September 1993
SURVEY OF CURRENT BUSINESS
Table 3.—Price Indexes and the Gross Domestic Product Implicit Price Deflator—Continued
[Index numbers, 1987=100; quarterly data are seasonally adjusted]
Percent change from
preceding period
Fixed-weighted price indexes
Fixed investment
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
goods
Nondurable goods
Services
Total
Nonresidential
Government purchases
Residential
Exports
Imports
Total
Federal
State and
local
Gross
domestic
purchases
FWPI
GDP IPD
Gross
domestic
purchases
GDP
1972:I
40.4
40.7
41.0
41.3
56.9
57.1
57.3
57.1
42.0
42.2
42.5
43.0
35.4
35.7
36.0
36.4
34.9
35.0
35.6
36.6
40.4
40.8
41.2
42.0
45.3
45.6
46.0
47.0
36.6
37.0
37.6
38.2
38.2
38.6
39.0
39.6
1973:1
41.7
42.4
43.0
43.8
57.4
57.7
57.9
58.1
43.6
44.8
45.8
47.0
36.6
37.1
37.7
38.3
37.1
38.1
39.3
40.0
42.8
43.4
44.0
44.6
47.6
48.0
48.8
49.2
39.0
39.8
40.4
41.1
40.1
40.8
41.6
42.6
1974:1
44.9
46.1
47.3
48.5
58.6
59.8
61.9
63.6
49.0
50.7
52.1
53.5
39.1
39.9
40.8
41.6
41.0
42.0
43.3
44.5
45.2
46.2
47.5
48.6
49.1
49.7
50.6
51.5
42.2
43.5
45.0
46.3
43.3
44.2
45.5
46.6
1975:1
II ..
III .
IV .
49.4
50.0
50.9
51.7
64.5
65.7
66.3
67.3
54.4
54.7
55.7
56.5
42.6
43.3
44.1
44.9
45.6
46.4
46.9
47.7
50.4
50.9
51.6
52.6
54.1
54.0
54.4
55.7
47.4
48.5
49.3
50.2
48.0
48.7
49.7
50.5
1976:1 ...
II ..
III .
IV .
52.3
52.8
53.7
54.5
68.1
68.7
69.4
70.3
56.7
57.0
57.7
58.4
45.6
46.3
47.3
48.2
48.0
49.4
50.2
51.1
53.3
54.1
54.4
55.7
56.2
57.1
57.1
59.0
51.1
51.9
52.4
53.1
51.2
51.8
52.6
53.6
1977:1 ...
II ..
III .
IV .
55.4
56.3
57.2
58.0
70.9
71.2
71.8
72.7
59.4
60.5
61.3
61.9
49.1
50.0
51.0
51.9
52.4
53.9
55.5
57.1
56.3
57.2
58.1
59.5
59.2
59.8
60.6
62.1
54.1
55.1
56.1
57.4
54.3
55.4
56.4
57.4
1978:1 ...
58.9
60.2
61.3
62.3
73.5
74.6
75.9
77.0
62.8
64.2
65.4
66.5
53.0
54.1
55.2
56.2
58.7
60.6
62.4
63.9
60.1
61.1
62.1
63.5
62.7
63.4
64.3
65.9
58.1
59.2
60.4
61.6
58.2
59.7
60.9
62.2
1979:1 ...
63.6
65.1
66.6
68.1
78.3
79.8
80.4
81.4
68.2
70.3
72.4
74.2
57.1
58.2
59.6
61.1
65.1
67.3
69.6
71.0
64.6
65.8
67.3
69.3
66.9
67.9
69.2
71.6
62.8
64.2
65.9
67.5
63.5
64.8
66.3
67.6
1980:I
II
70.1
71.8
73.5
75.0
82.9
84.2
85.4
86.5
77.0
78.8
80.5
82.2
62.8
64.5
66.2
67.8
72.9
74.5
76.2
77.7
71.0
72.6
73.7
76.1
72.9
74.4
74.9
78.7
69.5
71.3
72.7
74.1
69.2
70.8
72.5
74.4
1981:
76.9
78.2
79.6
80.8
87.5
89.0
90.2
91.2
84.6
85.7
86.6
87.3
69.6
70.9
72.8
74.2
79.7
80.7
81.8
82.9
77.6
78.9
80.0
82.0
79.9
81.2
82.3
75.8
77.0
78.3
79.2
76.5
77.9
79.7
81.4
83.4
84.3
85.4
86.3
81.8
82.5
83.8
84.7
91.8
92.4
92.6
92.6
88.0
88.2
89.4
89.7
75.5
76.6
78.2
79.6
96.1
95.6
95.4
95.4
101.5
100.4
99.8
99.6
84.1
85.1
85.8
86.2
101.0
100.9
100.1
99.4
103.4
101.7
100.3
99.4
83.3
84.6
85.5
86.7
88.2
88.8
90.4
80.5
81.7
82.9
83.8
84.2
84.9
85.9
86.7
82.3
83.4
84.3
85.0
4.3
5.3
4.1
II
Ill
IV
87.0
87.7
88.5
89.3
85.3
86.3
87.3
88.2
93.1
93.3
93.9
94.5
89.7
90.9
91.7
92.0
80.7
81.7
82.9
84.2
95.4
94.8
94.5
94.6
99.2
98.4
97.8
97.6
86.9
86.9
87.3
88.0
99.5
99.4
99.6
100.3
97.9
98.0
97.7
97.3
87.5
88.2
88.8
89.3
91.5
92.2
92.7
92.7
84.4
85.1
85.9
86.7
87.2
87.9
88.6
89.3
86.0
86.6
87.5
88.4
3.6
3.1
3.7
3.8
1Pfi4- I
II
Ill
IV
90.0
90.6
91.4
92.3
88.9
89.5
90.3
91.0
94.5
94.9
95.0
95.2
93.0
93.4
93.8
94.4
85.0
85.8
86.9
87.9
94.5
94.4
94.7
95.1
97.0
96.6
96.7
97.0
89.1
89.3
90.1
90.8
100.0
100.6
99.8
99.3
97.5
97.5
96.2
96.0
90.8
91.6
92.6
93.9
94.3
94.7
95.7
97.7
88.2
89.2
90.1
91.1
90.1
90.6
91.3
92.1
89.7
90.6
91.6
92.3
3.3
2.7
3.6
3.7
93.2
93.9
94.6
95.5
91.9
92.8
93.7
94.8
95.8
95.9
96.0
96.3
95.2
96.0
96.4
97.2
89.0
90.1
91.4
92.9
95.2
95.3
95.8
96.4
96.8
97.0
97.5
97.9
91.6
91.5
92.1
93.1
98.5
98.5
97.8
97.9
94.1
94.1
94.0
96.0
94.3
95.1
95.5
96.9
97.0
97.6
97.6
99.4
92.2
93.2
93.9
94.9
92.9
93.6
94.3
95.4
93.3
94.0
94.6
95.5
3.9
3.3
3.0
3.8
96.0
96.6
97.3
98.0
95.4
95.5
96.3
97.1
96.4
96.6
97.4
97.9
97.0
95.4
95.9
96.3
94.2
95.3
96.3
97.3
96.9
97.5
98.2
98.8
98.0
98.5
99.2
99.5
94.5
95.1
96.1
97.3
97.5
97.3
96.7
97.6
96.0
92.5
93.0
93.7
97.1
97.3
97.7
98.3
99.1
99.0
99.0
99.0
95.5
95.9
96.7
97.8
95.9
96.1
96.9
97.6
96.0
96.5
97.2
2.2
2.4
2.8
3.1
98.9
99.5
100.4
101.3
98.4
99.5
100.5
101.6
98.8
99.6
100.5
101.0
98.4
99.6
100.5
101.5
98.3
99.3
100.5
101.9
99.4
99.7
99.7
99.8
99.8
100.7
98.7
99.4
100.0
101.0
100.4
101.5
98.4
99.8
100.1
101.7
96.8
99.6
100.8
102.8
99.0
99.7
100.4
101.0
99.7
100.0
100.1
100.2
98.5
99.4
100.6
101.5
98.7
99.5
100.4
101.4
98.8
99.5
100.3
101.2
3.4
2.8
3.3
3.7
102.2
103.3
104.7
105.6
102.3
103.6
105.0
106.2
100.9
101.5
102.4
103.3
101.8
103.0
104.6
105.7
103.0
104.5
105.9
107.2
102.3
102.9
103.4
104.5
101.8
102.5
102.9
104.0
103.2
103.9
104.5
105.4
103.0
105.6
107.1
107.0
104.0
106.0
105.0
106.5
102.4
103.3
104.1
104.8
101.9
102.6
103.0
103.7
102.8
103.8
104.9
105.8
102.3
103.4
104.5
105.6
102.1
103.2
104.5
105.5
3.7
4.5
5.4
3.7
I ...
II ..
III .
IV .
106.9
108.2
109.2
110.2
107.5
109.1
110.0
111.2
103.8
104.2
104.8
105.2
107.1
109.7
110.1
111.0
108.7
109.9
111.3
112.8
105.3
106.1
106.7
107.3
104.7
105.3
106.0
106.6
106.6
107.8
108.2
108.8
108.1
108.4
108.0
108.1
108.3
109.4
107.8
108.6
106.7
107.6
108.2
109.1
106.0
106.7
107.2
108.2
107.2
108.2
109.0
107.0
108.3
109.1
110.2
106.9
108.1
109.1
110.1
5.0
4.8
3.8
3.7
1990:1 ...
II ..
III .
IV .
111.7
112.9
114.3
115.3
113.0
114.2
115.9
117.9
105.9
106.0
106.3
106.9
113.8
114.6
116.8
119.7
114.3
115.9
117.8
119.5
108.3
108.7
109.5
110.0
107.4
107.9
108.7
109.4
110.2
110.5
111.1
111.1
108.8
109.2
110.3
111,9
110.3
108.8
112.0
118.3
111.0
111.8
113.1
114.4
110.3
111.0
112.4
113.5
111.5
112.4
113.7
115.1
111.8
112.8
114.3
115.9
111.5
112.7
113.8
115.0
5.8
4.4
4.7
3.8
1991:1 ...
116.8
117.8
118.7
119.5
119.0
119.9
121.0
122.0
108.1
108.7
109.6
110.0
119.9
120.3
120.5
121.2
121.2
122.5
124.0
125.5
110.5
110.6
111.0
110.9
110.1
110.1
110.3
110.4
111.4
111.8
112.6
112.0
112.4
112.2
112.1
112.9
115.4
113.1
112.6
114.1
115.5
116.1
117.0
118.0
115.2
115.6
116.7
118.6
115.8
116.4
117.2
117.7
117.0
117.7
118.6
119.5
116.4
117.3
118.2
118.9
5.1
3.4
3.4
2.7
120.8
121.8
122.5
123.5
123.4
124.5
125.5
126.5
110.7
111.5
111.8
112.1
122.0
122.7
123.4
123.8
127.3
128.8
130.1
131.6
111.2
111.7
112.4
112.8
110.7
111.2
111.7
112.0
112.3
112.8
113.8
114.8
113.1
113.7
113.9
114.3
113.9
114.5
116.3
115.9
119.3
120.3
121.0
121.7
120.6
121.4
122.2
122.8
118.2
119.5
120.0
120.9
120.6
121.6
122.5
123.4
120.0
120.9
121.2
122.;
4.2
3.4
2.5
3.1
III .
IV .
II ..
III .
IV .
1982:1 ...
II ..
III .
IV .
1985"
I
II
Ill
IV
,
1986: I
Ill
IV
1987:
I
IV ..
18:1 ....
1989:
IV
1992:I
GDP*Gross domestic product; IPD»lmplicit Price Deflator; FWPUFixed-weighted price index
September 1993 •
SURVEY OF CURRENT BUSINESS
55
Table 4.—National Income and Disposition of Personal Income
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
1929 ....
1930 ....
1931 ....
1932 ....
1933 ...,
1934 ....
1935 ....
1936 ....
1937 ....
1938 ....
1939 ....
1940 ....
1941 ....
1942 ....
1943 ....
1944 ....
1945 ....
1946 ....
1947 ....
1948 ....
1949 ....
1950 ....
1951 ....
1952 ....
1953 ....
1954 ....
1955 ....
1956 ....
1957 ....
1958 ....
1959 ....
1960 ....
1961 ....
1962 ....
1963 ....
1964 ....
1965 ....
1966 ....
1967 ....
1968 ....
1969 ....
1970 ....
1971 ....
1972 ....
1973 ....
1974 ....
1975 ....
1976 ....
1977 ....
1978 ....
1979 ....
1980 ....
1981 ....
1982 ....
1983 ....
1984 ....
1985 ....
1986 ....
1987 ....
1988 ....
1989 ....
1990 ....
1991 ....
1992 ....
1946:I .
II
III
IV
1947:I .
IV
1948: I ...
II ..
III .
IV .
1949:1 ...
II ..
III .
IV .
1950: I ...
II ..
III .
IV ,
1951:1
National
income
Total
Wages
and salaries
Supplements to
wages
and salaries
Proprietors' income
u/ith IV/A anH
Wlin IVM afiu
CCAdj.
Farm
Nonfarm
Rental
income
of persons
with
CCAdj.
Corporate profits with IVA and CCAdj.
Total
IVA
CCAdj.
Profits
before
tax
Profits
after tax
Net
interest
Personal
income
Less:
Personal
tax and
nontax
payments
Equals:
DPI
Less:
Personal
outlays
Equals:
Personal
saving
Saving
as percentage
of DPI
DPI in
constant
(1987)
dollars
85.3
51.1
50.5
.7
6.1
8.4
4.9
10.2
.5
-.9
10.6
9.2
4.6
84.2
2.3
81.8
79.4
2.5
3.0
585.8
74.1
59.0
42.8
40.2
49.0
46.9
39.8
31.1
29.6
34.3
46.2
39.2
30.5
29.0
33.7
.7
.6
.6
.6
.6
4.3
3.4
2.1
2.5
2.9
7.1
5.3
3.3
3.0
4.4
4.2
3.4
2.7
2.0
1.6
6.9
2.4
-.7
-.4
-.3
-.3
-.6
4.3
.4
3.4
-.1
-1.9
1.7
3.1
1.2
2.3
75.3
64.4
49.1
46.0
52.8
2.1
1.5
1.1
1.2
1.3
73.2
63.0
48.0
44.8
51.5
71.4
61.6
49.5
46.6
52.1
2.5
2.1
-1.5
4.8
4.8
4.4
3.9
3.9
1.8
1.3
_7
3.3
2.4
1.0
-1.5
-1.7
-.5
-3.1
-3.9
-1.1
542.2
519.7
449.8
437.0
462.0
56.7
64.6
72.7
66.2
71.6
37.4
43.0
48.0
45.0
48.2
36.7
42.0
46.1
43.0
46.0
.7
1.0
1.8
2.0
2.2
5.2
4.3
6.0
4.4
4.4
5.2
6.4
6.9
6.6
7.1
1.6
1.7
1.9
2.4
2.6
3.4
5.6
6.4
4.3
5.9
4.2
6.9
7.5
4.4
7.6
3.3
5.5
5.9
3.4
6.2
3.9
3.7
3.6
3.5
3.5
59.5
67.8
73.2
67.5
71.9
1.6
2.0
2.7
2.6
2.2
57.9
65.8
70.5
64.9
69.7
56.6
62.9
67.7
65.1
68.0
1.4
2.9
2.8
-.2
1.7
2.3
4.4
4.0
-.3
2.4
505.2
565.9
585.5
547.6
590.3
79.9
103.1
136.5
170.0
182.8
52.2
64.8
85.3
109.6
121.3
49.9
62.1
82.1
105.8
116.7
2.3
2.8
3.2
3.8
4.5
8.3
-.2
-2.5
-1.2
10.7
10.6
11.5
11.5
3.2
3.2
3.1
2.7
2.3
77.4
94.9
122.3
150.6
164.4
2.3
3.0
5.7
17.6
18.6
75.0
91.9
116.6
133.1
145.8
72.2
82.1
89.7
100.4
109.3
3.8
14.8
20.1
24.3
24.4
10.4
18.3
22.0
25.6
24.5
7.6
10.7
13.8
16.9
18.1
2.7
3.2
4.1
4.6
4.8
9.2
10.1
12.0
11.9
26.9
32.6
36.5
627.2
713.9
824.7
863.8
901.8
181.8
180.9
196.9
221.8
215.6
123.3
119.6
130.1
142.1
142.0
117.5
112.0
123.1
135.5
134.7
5.8
7.6
7.0
6.5
7.3
12.4
14.8
15.0
17.4
12.6
19.1
21.6
20.5
23.0
23.2
5.0
5.8
5.8
6.3
6.7
19.8
17.2
23.1
30.5
28.4
240.0
277.7
292.1
307.0
307.0
155.4
181.6
196.3
210.4
209.4
147.2
171.6
185.6
199.0
197.2
8.2
10.0
10.7
11.5
12.1
13.5
16.0
15.0
12.8
12.3
25.2
28.0
29.4
30.5
31.1
7.6
8.4
9.5
10.7
11.6
35.2
40.2
38.0
38.1
37.2
337.1
357.2
373.7
376.0
410.1
225.9
244.7
257.8
259.8
281.2
212.1
229.0
239.9
241.3
259.8
13.8
15.7
17.8
18.5
21.4
11.2
11.0
10.9
12.8
10.7
34.1
35.9
37.9
38.6
41.1
12.0
12.4
13.1
13.9
14.7
47.7
46.4
46.0
41.2
52.3
-1.7
-2.7
-1.5
425.7
440.5
474.5
501.5
539.1
296.7
305.6
327.4
345.5
371.0
272.8
280.5
299.3
314.8
337.7
23.8
25.1
28.1
30.7
33.2
11.2
11.9
11.9
11.8
10.6
40.6
42.4
44.5
45.9
49.8
15.3
15.8
16.5
17.1
17.3
50.7
51.6
59.6
65.1
72.1
-.2
.3
0
.1
-.5
586.9
643.7
679.9
741.0
798.6
399.8
443.0
475.5
524.7
578.4
363.7
400.3
428.9
471.9
518.3
36.1
42.7
46.6
52.8
60.1
12.9
14.0
12.7
12.7
14.4
52.1
55.3
58.2
62.4
64.5
18.0
18.5
19.4
18.2
18.0
82.9
88.6
86.0
92.6
89.6
833.5
899.5
992.9
1,119.5
1,198.8
618.3
659.4
726.2
812.8
891.3
551.5
584.5
638.7
708.6
772.2
66.8
74.9
87.6
104.2
119.1
14.6
15.2
19.1
32.2
25.5
65.3
70.9
78.3
84.3
89.8
17.8
18.2
16.8
17.3
15.8
1,285.3
1,435.5
1,609.1
1,829.8
2,038.9
948.7
1,058.3
1,177.3
1,333.0
1,496.4
814.7
899.6
994.0
1,120.9
1,255.3
134.0
158.7
183.3
212.1
241.1
23.7
18.3
17.1
21.5
24.7
97.5
114.6
129.4
146.2
157.0
13.5
12.1
2,198.2
2,432.5
2,522.5
2,720.8
3,058.3
1,644.4
1,815.5
1,916.0
2,029.4
2,226.9
1,376.6
1,515.6
1,593.3
1,684.2
1,850.0
267.8
299.8
322.7
345.2
376.9
11.5
21.2
13.5
3,268.4
3,437.9
3,692.3
4,002.6
4,249.5
2,382.8
2,523.8
2,698.7
2,921.3
3,100.2
1,986.3
2,105.4
2,261.2
2,443.0
2,586.4
4,491.0
4,598.3
4,836.6
3,297.6
3,402.4
3,582.0
170.9
177.7
184.9
190.0
4.4
6.4
-J
1.9
-2.1
-.6
—2
-.7
0
1.0
-.7
-.8
-.3
-.6
-.6
-1.1
-1.1
-1.0
-1.1
-1.0
-.8
-.5
.2
2.9
9.8
-.6
.4
-5.3
-5.9
-2.2
-2.4
-2.9
-3.2
-3.0
20.0
24.9
31.9
35.9
29.6
15.8
20.7
23.4
19.4
2.1
1.8
2.4
2.4
2.7
170.0
177.7
190.1
209.0
206.1
20.6
18.4
21.1
20.6
18.0
149.4
159.3
169.1
188.4
188.1
120.8
145.7
164.1
177.5
181.1
28.6
13.6
-3.0
-3.4
-3.1
-2.5
-1.7
43.2
44.7
40.2
41.6
39.2
25.3
22.2
20.8
21.3
21.6
3.0
3.5
3.8
4.5
5.4
227.8
256.5
273.7
290.4
293.0
20.1
28.4
33.5
34.9
31.8
207.7
228.1
240.2
255.5
261.2
195.4
211.6
222.9
237.5
245.0
_3
27.7
28.3
27.5
23.8
29.7
6.1
6.8
7.9
9.7
-.8
49.7
50.3
48.9
42.7
53.4
10.2
314.5
337.5
356.5
367.2
391.2
34.6
38.7
41.3
40.9
44.5
279.9
298.8
315.2
326.3
346.7
-.3
.3
3.2
3.9
4.6
51.1
51.0
56.4
61.2
68.0
28.4
28.2
32.4
34.9
40.0
11.2
13.1
14.6
16.1
18.2
409.2
426.5
453.4
476.4
510.7
48.7
50.3
54.8
58.0
56.0
-1.2
-2.1
-1.6
-3.7
-5.9
5.3
5.6
5.7
5.6
6.4
78.8
85.1
81.8
90.6
89.0
47.9
51.4
49.2
51.2
49.4
21.1
24.3
28.1
30.4
33.6
552.9
601.7
646.5
709.9
773.7
77.5
90.3
103.2
116.4
104.5
-6.6
-4.6
-6.6
-20.0
-39.5
5.6
4.8
5.3
5.5
1.2
78.4
90.1
104.5
130.9
142.8
44.0
52.4
62.6
81.6
91.0
40.0
45.4
49.3
56.5
71.8
9.0
8.9
8.4
121.9
147.1
175.7
199.7
202.5
-11.0
-14.9
-16.6
-25.0
-41.6
-7.6
-11.7
-11.0
-13.1
-17.3
140.4
173.7
203.3
237.9
261.4
89.5
109.5
130.3
154.4
173.4
21.3
160.3
159.6
157.3
184.3
214.7
13.2
20.8
21.9
22.1
23.3
177.7
182.0
151.5
212.7
264.2
-43.0
-25.7
-9.9
-8.5
-4.1
-20.2
-21.2
-14.9
10.4
27.8
240.9
228.9
176.3
210.7
240.5
396.5
418.4
437.4
478.3
513.8
21.5
22.3
31.3
30.9
40.2
238.4
261.5
279.0
293.4
307.0
18.7
.2
9.7
-13.5
280.8
271.6
319.8
365.0
362.8
-14.5
-27.3
-17.5
55.5
44.1
46.4
44.7
37.4
2,745.0
2,814.9
2,953.1
552.5
587.5
629.0
41.9
36.8
43.7
321.4
339.5
370.6
-14.2
-12.8
-8.9
380.6
369.5
407.2
—11.0
25.9
4.9
2.2
-5.3
115.2
117.6
121.4
124.4
107.7
109.6
113.5
117.2
7.5
8.0
7.8
7.2
13.0
13.6
16.1
16.5
21.0
22.0
22.1
21.2
5.8
5.8
5.8
5.9
14.3
16.9
17.7
20.1
192.4
193.7
196.9
204.5
127.2
128.7
130.1
134.3
119.7
121.5
123.4
127.8
7.6
7.3
6.7
6.5
16.7
13.1
14.8
15.6
20.6
20.2
20.2
20.9
5.7
5.7
5.8
6.0
213.8
221.1
225.4
227.0
138.0
139.7
144.6
146.0
131.4
133.2
138.1
139.5
6.6
6.5
6.5
6.5
15.6
18.8
18.5
16.9
22.1
22.9
23.4
23.6
220.0
215.0
215.1
212.1
144.2
142.0
141.2
140.6
136.9
134.6
133.9
133.4
7.3
7.4
7.3
7.2
13.3
12.7
12.1
12.4
221.2
231.8
247.3
259.8
144.7
150.8
159.1
167.1
137.1
142.9
150.8
158.3
7.7
7.9
8.3
8.8
269.2
275.6
280.4
285.6
175.1
180.7
183.9
186.6
165.5
170.8
173.8
176.2
9.6
9.9
10.1
10.4
9.3
10.7
23.1
24.5
25.0
19.2
6.9
8.5
3.0
5.8
3.7
860.0
826.1
872.9
874.5
12.3
16.5
17.3
18.0
16.2
5.9
7.3
7.2
7.0
6.2
942.5
978.2
1,009.7
1,053.5
1,071.5
264.0
277.5
292.6
302.3
324.7
15.9
21.3
22.6
24.0
22.0
5.7
7.1
7.2
7.4
6.3
1,130.8
1,185.2
1,214.6
1,236.0
1,284.9
360.5
376.2
398.7
418.4
454.7
339.9
351.3
372.8
393.7
423.1
20.6
24.9
25.9
24.6
31.6
5.7
6.6
6.5
5.9
6.9
1,313.0
1,356.4
1,414.8
1,461.1
1,562.2
61.9
71.0
77.9
92.1
109.9
491.0
530.7
568.6
617.8
663.8
456.4
494.4
522.8
573.9
620.5
34.6
36.3
45.8
43.9
43.3
7.0
6.8
8.1
7.1
6.5
1,653.5
1,734.3
1,811.4
1,886.8
1,947.4
831.0
893.5
980.5
1,098.7
1,205.7
109.0
108.7
132.0
140.6
159.1
722.0
784.9
848.5
958.1
1,046.5
664.5
719.4
788.7
872.0
953.1
57.5
65.4
59.7
86.1
93.4
8.0
8.3
7.0
9.0
8.9
2,025.3
2,099.9
2,186.2
2,334.1
2,317.0
80.0
85.1
100.7
120.5
149.9
1,307.3
1,446.3
1,601.3
1,807.9
2,033.1
156.4
182.3
210.0
240.1
280.2
1,150.9
1,264.0
1,391.3
1,567.8
1,753.0
1,050.6
1,170.9
1,303.4
1,460.0
1,629.6
100.3
93.0
87.9
107.8
123.3
8.7
7.4
6.3
6.9
7.0
2,355.4
2,440.9
2,512.6
2,638.4
2,710.1
156.1
147.8
113.2
133.5
146.4
191.2
233.4
262.4
270.0
307.9
2,265.4
2,534.7
2,690.9
2,862.5
3,154.6
312.4
360.2
371.4
368.8
395.1
1,952.9
2,174.5
2,319.6
2,493.7
2,759.5
1,799.1
1,982.6
2,120.1
2,325.1
2,537.5
153.8
191.8
199.5
168.7
222.0
7.9
8.8
8.6
6.8
8.0
2,733.6
2,795.8
2,820.4
2,893.6
3,080.1
225.0
217.8
287.9
347.5
342.9
128.5
111.3
160.8
210.5
201.6
326.2
350.2
360.4
387.7
452.7
3,379.8
3,590.4
3,802.0
4,075.9
4,380.3
436.8
459.0
512.5
527.7
593.3
2,943.0
3,131.5
3,289.5
3,548.2
3,787.0
2,753.7
2,944.0
3,147.5
3,392.5
3,634.9
189.3
187.5
142.0
155.7
152.1
6.4
6.0
4.3
4.4
4.0
3,162.1
3,261.9
3,289.5
3,404.3
3,464.9
17.1
365.7
362.3
395.4
227.1
232.5
249.1
463.7
462.8
442.0
4,673.8
4,850.9
5,144.9
623.3
620.4
644.8
4,050.5
4,230.5
4,500.2
3,880.6
4,029.0
4,261.5
170.0
201.5
238.7
4.2
4.8
5.3
3,524.5
3,529.0
3,632.5
-1.2
-2.8
-8.1
-8.9
-1.5
-2.2
-2.8
-3.2
17.0
21.9
28.6
32.3
10.8
13.9
18.1
20.5
1.7
1.8
1.8
1.9
170.1
175.2
181.0
184.3
17.2
18.5
19.0
18.9
152.9
156.7
162.0
165.3
136.1
141.5
150.4
154.8
16.8
15.2
11.7
10.6
11.0
19.8
23.5
23.7
25.4
-9.7
-4.7
-4.0
-5.2
-3.3
-2.8
-2.8
-2.8
32.7
30.9
30.6
33.4
21.2
20.0
19.8
21.7
2.4
2.4
2.4
2.3
186.7
184.9
192.9
196.2
20.5
20.7
21.0
22.1
166.2
164.2
171.8
174.1
158.3
162.2
165.8
170.0
8.0
2.0
6.0
4.1
4.8
1.2
3.5
2.4
832.2
815.0
834.3
823.5
6.2
6.4
6.4
6.4
29.4
31.0
30.1
31.7
-2.9
-2.9
-2.8
35.0
36.9
36.3
35.1
22.9
24.1
23.7
23.0
2.5
2.4
2.4
2.4
202.2
207.6
213.1
213.1
22.6
20.5
19.6
19.8
179.6
187.1
193.5
193.3
173.0
176.8
179.7
180.6
6.6
-.1
-2.8
-3.1
-3.4
-3.4
10.3
13.8
12.7
3.7
5.5
7.1
6.6
844.0
869.4
887.4
890.9
23.1
23.2
23.1
23.3
6.4
6.5
6.8
7.0
30.4
28.0
29.3
26.0
1.4
2.8
3.0
.2
-3.1
-3.1
-3.0
-2.9
32.0
28.2
29.3
28.7
21.0
18.5
19.2
18.8
2.6
2.7
2.7
2.7
207.2
205.8
205.2
206.3
19.1
18.3
17.6
17.1
188.2
187.6
187.6
189.2
179.5
181.2
180.6
183.2
8.7
6.4
6.9
6.0
4.6
3.4
3.7
3.2
874.1
874.4
874.3
875.0
12.8
12.8
13.7
14.9
24.0
24.6
26.2
26.1
7.4
7.6
7.7
8.0
29.5
33.1
37.6
40.7
-.7
-3.3
-7.3
-8.5
-2.7
-2.9
-3.0
-3.4
32.9
39.3
47.9
52.6
19.3
23.0
28.0
30.8
2.9
3.0
3.0
3.1
220.4
221.2
229.9
239.6
17.8
18.8
20.1
23.7
202.6
202.4
209.8
215.9
186.1
190.1
204.0
201.4
16.5
12.2
8.2
6.0
2.8
6.7
936.9
933.7
937.8
961.7
15.7
15.8
15.9
16.6
27.6
27.7
28.2
28.6
8.1
8.3
8.5
8.8
39.5
39.6
40.2
41.5
-3.6
-3.4
-3.3
-3.1
51.8
44.0
40.0
43.1
25.5
21.7
19.9
21.6
3.3
3.5
3.6
3.6
248.2
255.2
258.7
264.1
25.7
27.6
29.1
31.1
222.5
227.6
229.6
233.0
212.6
208.2
210.8
214.8
4.4
8.5
8.2
7.8
954.7
980.9
987.6
989.5
2.4
8.7
3.2
4.3
1.9
-5.0
-1.2
1.0
-1.0
-.3
-.3
-.3
-8.7
-1.0
3.5
1.5
-\2
-1.3
-1.3
5.0
10.8
5.8
14.5
9.9
19.4
18.8
18.2
9.7
7.2
6.4
$6 • September 1993
SURVEY OF CURRENT BUSINESS
Table 4.—National Income and Disposition of Personal Income—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
National
income
Total
Wages
and salaries
Supplements to
wages
and salaries
Proprietors' income
tuith I\/A onH
Wlin IVA afiQ
CCAdj.
Farm
Nonfarm
Rental
income
of persons
with
CCAdj.
Corporate profits with IVA and CCAdj.
Total
IVA
CCAdj.
Profits
before
tax
Profits
after tax
Net
interest
Personal
income
Less:
Personal
tax and
nontax
payments
Equals:
DPI
Less:
Personal
outlays
Equals:
Personal
saving
Saving
as percentage
of DPI
286.6
286.9
292.3
302.4
191.6
193.0
196.5
204.3
181.2
182.4
185.7
193.3
10.5
10.6
10.8
11.1
14.7
15.2
16.6
13.6
28.8
29.2
29.5
30.2
9.0
9.3
9.6
9.9
38.8
36.5
36.3
40.4
1.3
1.2
.7
.8
-3.2
-3.3
-3.1
-3.1
40.7
38.6
38.7
42.6
20.9
20.0
20.1
22.1
3.7
3.8
3.9
4.0
266.1
269.6
276.5
282.5
32.3
33.3
33.8
34.5
233.8
236.3
242.7
248.0
216,3
220.6
223.3
231.6
17.4
15.7
19.4
16.4
7.5
6.7
8.0
6.6
307.8
310.2
308.7
301.4
208.2
211.6
211.7
210.2
196.9
200.1
200.3
198.7
11.3
11.5
11.5
11.6
13.4
12.9
12.3
12.6
30.6
30.5
30.4
30.4
10.2
10.5
10.8
11.1
41.1
40.2
39.1
32.1
-.4
-1.6
-2.0
0
-2.9
-2.6
-2.4
-1.9
44.4
44.5
43.5
34.0
22.8
22.8
22.2
17.4
4.3
4.4
4.5
4.9
287.1
291.3
291.6
291.6
35.1
35.0
34.8
34.6
252.1
256.4
256.8
257.0
235.4
237.5
238.7
238.5
16.7
18.8
18.1
18.6
6.6
7.3
7.1
7.2
302.9
303.2
306.6
315.2
208.3
207.9
208.5
212.8
196.4
195.9
196.3
200.3
11.9
12.0
12.2
12.4
13.4
11.9
12.3
11.7
30.3
30.9
31.2
32.1
11.4
11.6
11.7
11.8
34.4
35.7
37.5
41.0
0
0
-.7
-.5
-2.0
-1.9
-1.7
-1.4
36.4
37.6
39.9
43.0
20.0
20.6
22.0
23.7
5.1
5.3
5.5
5.7
291.1
290.2
292.6
298.5
31.9
31.6
31.7
32.1
259.2
258.6
260.9
266.3
240.6
243.3
245.9
250.4
18.6
15.3
15.0
16.0
7.2
5.9
5.8
6.0
217.3
223.8
228.8
233.8
204.2
210.3
214.6
219.4
13.1
13.5
14.1
14.4
11.7
11.5
11.0
10.5
33.1
33.7
34.6
35.1
11.9
12.0
12.0
12.2
46.2
47.4
47.9
49.0
-1.1
IV
326.2
334.6
340.6
346.9
-2.2
-2.8
-.8
-.5
.2
-.2
48.2
48.8
50.0
51.9
26.8
27.2
27.8
28.9
5.9
6.1
6.3
6.2
304.0
311.3
318.6
323.9
33.1
34.0
35.1
36.1
270.9
277.3
283.5
287.7
256.7
262.0
266.5
270.8
14.2
15.3
17.1
17.0
5.3
5.5
6.0
5.9
1956:I
II
III
IV
349.4
355.2
358.6
365.8
238.3
242.9
246.0
251.8
223.3
227.5
229.9
235.3
15.0
15.4
16.1
16.5
10.3
10.8
11.5
11.3
35.2
35.7
36.0
36.6
12.3
12.3
12.5
12.7
46.7
46.7
45.7
46.5
-2.9
-3.6
-1.2
-3.0
-.4
-.9
-1.6
-1.7
50.1
51.2
48.5
51.3
28.1
28.7
27.4
29.0
6.5
6.8
6.9
6.8
328.7
335.0
339.6
346.9
37.4
38.5
39.1
40.0
291.4
296.5
300.5
306.9
272.6
275.3
278.5
283.8
18.8
21.2
22.1
23.1
6.4
7.1
7.3
7.5
1957:I
II
III
IV
371.5
373.7
377.5
372.1
255.5
257.2
259.9
258.4
238.2
239.6
241.8
240.1
17.3
17.6
18.1
18.3
10.2
10.8
11.4
11.4
37.6
37.9
38.3
37.9
12.9
13.0
13.2
13.4
47.9
46.9
46.5
42.7
-2.4
-1.5
-1.3
-1.8
-1.5
-1.1
-.9
-.9
52.1
49.9
48.8
44.6
29.3
28.0
27.4
25.0
7.5
7.8
8.2
8.2
350.8
355.5
360.1
360.0
40.8
41.5
41.7
41.2
309.9
314.0
318.3
318.8
288.2
290.4
295.1
296.9
21.8
23.6
23.3
21.9
7.0
7.5
7.3
6.9
1958:
366.6
367.6
378.4
391.4
255.4
255.0
261.1
267.4
237.3
236.9
242.6
248.4
18.1
18.2
18.6
19.0
13.5
13.1
12.6
12.2
37.8
38.2
38.7
39.6
13.6
13.8
14.0
14.2
37.3
37.9
41.9
47.7
-.2
.3
_2
-3
-1.4
-1.5
-1.4
38.3
39.0
43.7
50.0
21.4
21.8
24.3
27.7
9.0
9.5
9.9
10.3
359.9
362.0
370.7
376.3
40.6
40.0
41.2
41.6
319.3
321.9
329.5
334.7
296.6
299.5
304.6
308.6
22.7
22.4
25.0
26.1
7.1
7.0
7.6
7.8
402.0
414.7
409.8
414.2
274.8
281.9
282.5
285.8
254.0
260.5
260.9
263.9
20.8
21.3
21.7
21.9
11.4
10.6
10.0
10.7
40.2
41.3
41.5
41.2
14.1
14.5
14.9
15.2
51.3
56.2
50.7
50.9
-.6
-1.1
-1.0
-.6
-.9
-.7
53.0
57.8
51.9
50.8
29.6
32.2
28.9
28.3
10.1
10.2
10.2
10.4
382.4
390.9
392.9
398.5
42.8
44.1
44.9
46.0
339.5
346.8
348.0
352.4
316.7
322.8
328.4
330.8
22.8
24.0
19.6
21.7
6.7
6.9
5.6
6.2
1960:I
II
III
IV
426.1
425.8
426.4
424.6
294.2
297.1
297.9
297.4
270.7
273.4
273.9
273.3
23.5
23.8
24.0
24.1
10.0
11.1
11.6
12.2
40.9
40.8
40.4
40.3
15.2
15.3
15.4
15.5
54.9
50.8
49.8
47.4
-.9
-.6
.5
.3
-.4
-.3
-.2
56.1
51.7
49.4
47.3
31.1
28.7
27.5
26.5
10.8
10.7
11.3
11.8
404.4
408.9
411.1
412.6
47.7
48.7
49.1
49.4
356.7
360.2
362.0
363.1
334.5
340.8
341.0
343.3
22.2
19.5
20.9
19.8
6.2
5.4
5.8
5.5
1961:I .
425.8
435.2
444.1
456.7
298.3
302.4
307.4
314.1
273.7
277.6
282.2
288.4
24.5
24.8
25.2
25.7
12.1
11.4
11.7
12.4
41.4
42.2
42.8
43.4
15.6
15.8
15.9
16.1
46.3
50.6
52.8
56.6
-.1
1.0
.3
-.2
.1
.4
.4
.3
46.4
49.2
52.1
56.4
25.8
27.2
28.8
31.1
12.2
12.9
13.4
14.1
416.3
422.2
429.4
438.2
49.6
49.9
50.5
51.3
366.8
372.3
378.8
386.9
344.1
349.1
352.2
359.7
22.6
23.2
26.6
27.3
6.2
6.2
7.0
7.0
1962:I .
465.3
471.8
477.0
483.8
320.6
326.6
329.5
333.0
293.2
298.7
301.1
304.2
27.4
27.9
28.3
28.8
12.1
11.7
11.7
12.2
43.9
44.5
44.9
44.9
16.2
16.3
16.6
16.9
59.0
58.3
59.4
61.6
.4
-.1
-.8
.5
3.0
3.1
3.2
3.3
55.5
55.3
56.9
57.8
31.7
31.7
32.7
33.5
13.6
14.5
14.9
15.3
443.7
451.3
456.5
462.1
52.4
54.2
55.5
56.9
391.3
397.1
400.9
405.2
364.3
370.5
374.9
381.5
27.1
26.6
26.0
23.7
6.9
6.7
6.5
5.9
488.7
497.6
504.9
514.7
337.9
342.6
347.7
353.9
307.9
312.3
316.8
322.2
30.0
30.3
30.9
31.7
11.9
11.5
11.6
12.1
45.0
45.4
46.1
47.0
17.0
17.2
17.0
17.2
61.7
65.0
66.2
67.7
1.0
3.4
57.3
60.3
62.4
64.1
32.9
34.7
35.6
36.6
15.3
15.7
16.4
16.9
466.8
471.8
478.6
488.1
57.4
57.8
58.2
58.6
409.4
414.0
420.4
429.6
385.3
389.9
397.4
402.3
24.1
24.1
23.1
27.3
5.9
1964:I
II
III
IV
526.1
534.4
544.5
551.4
360.3
367.7
375.0
381.0
328.2
334.8
341.4
346.7
32.1
32.9
33.6
34.3
10.7
10.0
10.2
11.7
48.5
49.8
50.5
50.6
17.4
17.3
17.3
17.3
4.5
67.5
67.5
69.1
68.0
39.7
39.6
40.6
40.1
17.4
17.9
18.6
18.9
497.0
505.7
515.4
524.6
57.3
53.7
55.6
57.3
439.7
452.0
459.8
467.2
411.9
419.9
429.0
431.7
27.8
32.1
30.7
35.5
6.3
7.1
6.7
7.6
1965:1
Ill
IV
568.1
579.6
590.7
609.1
387.6
394.4
402.6
414.6
352.8
358.8
366.2
377.1
34.9
35.6
36.5
37.5
11.9
12.7
13.2
13.9
51.0
51.6
52.2
53.6
-1.5
-1.9
4.9
5.3
5.6
5.4
75.2
77.7
78.8
83.6
45.8
47.4
48.0
50.7
20.2
21.0
21.6
21.7
534.8
544.8
559.0
572.9
61.1
62.4
61.2
62.7
473.7
482.4
497.8
510.2
442.5
450.0
459.5
473.8
31.2
32.4
38.4
36.4
6.6
6.7
7.7
7.1
1966:I
I!
Ill
IV
628.7
637.2
648.5
660.3
426.9
438.1
449.2
457.6
385.7
395.9
406.1
413.4
41.2
42.2
43.1
44.2
15.6
13.4
13.4
13.6
1967:
664.8
670.7
684.7
699.3
463.9
469.4
479.0
489.8
418.8
423.5
431.9
441.5
45.1
45.8
47.0
48.3
IV
715.5
733.9
749.6
764.9
504.5
518.0
531.9
544.5
454.1
465.9
478.3
489.3
1969:I
II
III
IV
778.1
791.7
808.0
816.5
556.6
570.4
587.4
599.1
1970:I
II
III
IV
819.7
829.5
841.6
843.1
1971:1
II
III ........
IV
1952:
I
1953:1 .
IV
1954:1
IV
1955:1
I
II
III
IV
1959:I
1963:I
I
Ill
IV
1968:I
1972:!
II
III
IV
-.9
-.3
.8
-.8
-.1
5.8
5.5
.2
3.9
-.2
-.8
4.0
4.4
71.9
71.7
72.8
71.9
-.2
-.1
4.6
17.6
18.0
18.1
18.3
79.7
81.9
82.9
87.0
—4
54.7
54.9
55.5
56.2
18.5
18.3
18.5
18.6
90.2
88.7
87.1
88.3
-1.2
-2.7
-3.6
-1.0
5.6
5.5
5.6
5.7
85.7
85.9
85.2
83.5
51.8
51.9
51.5
50.5
22.8
23.8
24.7
25.9
584.3
593.9
607.5
621.1
66.1
70.2
72.5
75.2
518.2
523.7
535.0
548.0
484.2
489.5
499.0
504.7
34.0
34.2
36.0
41.2
6.6
6.5
6.7
7.6
12.5
12.0
12.9
13.3
57.2
57.8
59.0
58.9
19.1
19.7
19.7
19.3
85.4
84.3
85.5
88.6
-.4
-1.3
-1.7
-2.8
5.5
5.6
5.9
5.9
80.3
80.0
81.3
85.5
48.1
48.1
49.1
51.4
26.7
27.6
28.5
29.4
631.1
638.6
652.3
664.0
76.0
75.7
78.9
80.8
555.0
562.9
573.4
583.3
509.8
519.8
527.0
534.6
45.3
43.0
46.4
48.6
8.2
7.6
8.1
8.3
50.4
52.1
53.6
55.1
12.6
12.0
12.5
13.6
60.4
62.1
63.3
63.8
18.5
18.3
18.2
17.9
89.5
93.1
93.2
94.5
-4.7
-2.9
-3.0
-4.1
5.7
5.7
5.5
5.6
88.5
90.3
90.6
93.0
49.9
51.0
51.2
52.7
29.9
30.5
30.5
30.7
682.4
702.0
719.6
735.4
83.3
86.7
97.1
101.3
599.2
615.3
622.5
634.1
553.1
567.1
583.4
592.1
46.1
48.2
39.1
42.0
7.7
7.8
6.3
6.6
499.0
511.3
526.3
536.4
57.6
59.1
61.0
62.7
12.8
13.7
14.5
16.8
64.4
64.8
64.9
63.9
17.9
18.3
18.1
17.8
94.2
91.4
88.9
84.0
-4.9
-5.2
-4.9
-8.4
6.2
6.4
6.6
6.5
93.0
90.2
87.2
85.8
51.7
50.0
48.4
47.4
32.2
33.1
34.2
35.0
747.4
764.9
783.8
798.7
107.9
111.2
109.5
111.0
639.5
653.7
674.3
687.7
604.0
615.2
625.3
637.4
35.5
38.5
49.0
50.3
5.6
5.9
7.3
7.3
609.5
615.0
623.4
625.2
545.0
549.0
555.6
556.3
64.5
66.0
67.8
69.0
15.5
13.5
14.2
15.0
64.0
64.6
65.8
66.9
17.6
17.7
17.4
18.3
76.3
79.8
79.4
74.5
-8.8
-4.6
-6.2
-6.6
6.2
5.7
5.4
5.2
78.9
78.7
80.2
75.9
44.7
44.4
44.9
42.1
36.7
39.0
41.4
43.1
808.1
827.9
839.0
849.0
110.4
111.4
106.5
107.6
697.7
716.5
732.5
741.5
648.8
659.0
671.6
678.5
48.9
57.4
60.9
62.9
7.0
8.0
8.3
8.5
874.4
891.3
906.4
925.9
642.2
654.1
664.5
676.7
570.1
580.2
588.6
598.9
72.2
73.9
75.9
77.7
14.7
14.2
14.6
17.5
67.9
70.1
71.9
73.8
18.0
18.5
18.4
18.0
87.3
89.2
91.1
93.7
-3.6
-4.7
-5.6
-4.5
4.8
4.9
4.9
4.6
86.1
88.9
91.7
93.6
48.8
50.7
54.2
55.7
44.3
45.3
46.0
46.2
866.3
887.8
901.3
918.7
104.4
106.9
108.9
114.5
761.9
780.9
792.4
804.2
698.1
712.5
725.3
741.9
63.8
68.4
67.1
62.3
8.4
8.8
8.5
7.7
955.5
971.0
1,001.6
1,043.3
701.4
716.9
731.2
755.4
617.8
630.4
642.3
664.2
83.6
86.5
88.9
91.3
15.0
16.6
19.9
24.9
75.3
76.3
79.6
82.2
18.6
14.2
16.9
17.4
98.8
99.1
103.8
110.9
-5.8
-5.8
-5.8
-9.0
5.2
4.6
5.3
5.9
99.4
100.4
104.3
114.0
59.4
60.1
62.8
68.3
46.5
47.9
50.1
52.5
945.0
959.7
987.3
1,029.9
129.0
130.9
132.3
135.8
816.0
828.8
855.0
894.1
759.3
777.8
796.3
821.5
56.7
51.0
58.7
72.6
6.9
6.1
6.9
-.9
-.7
-1.1
4.4
4.7
6.4
8.1
September 1993
SURVEY OF CURRENT BUSINESS
Table 4.—National Income and Disposition of Personal Income—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
National
income
Total
Wages
and salaries
Supplements to
wages
and salaries
Proprietors' income
with IVA ami
wun IVM OMU
CCAdj.
Farm
Nonfarm
Rental
income
of persons
with
CCAdj.
Corporate profits with IVA and CCAdj.
Total
IVA
CCAdj.
Profits
before
tax
Profits
after tax
Net
interest
Personal
income
Less:
Personal
tax and
nontax
payments
Equals:
DPI
Less:
Personal
outlays
Equals:
Personal
saving
Saving
as percentage
of DPI
DPI in
constant
(1987)
dollars
1973: i
il
ill
IV
1,080.8
1,098.6
1,127.0
1,171.7
783.5
802.4
821.4
844.0
683.2
700.0
716.1
735.3
100.3
102.4
105.3
108.7
23.4
28.4
32.0
45.1
85.3
82.9
84.1
84.8
16.5
16.5
17.2
18.9
117.9
114.4
115.3
118.2
-16.1
-21.7
-19.0
-23.4
5.7
5.2
5.0
6.1
128.3
130.8
129.3
135.4
79.1
81.2
81.3
85.0
54.1
54.0
57.0
60.8
1,053.7
1,078.6
1,108.5
1,153.9
135.2
136.8
141.9
148.3
918.5
941.8
966.5
1,005.7
846.4
862.0
881.3
898.4
72.1
79.7
85.3
107.3
7.9
8.5
8.8
10.7
2,300.7
2,315.2
2,337.9
2,382.7
1974-I
II
Ill
IV
1,174.3
1,184.4
1,211.0
1,225.5
861.7
882.1
904.4
917.0
748.1
765.2
783.0
792.4
113.6
117.0
121.4
124.6
32.2
19.5
22.3
28.0
86.3
88.9
91.9
92.2
18.6
16.3
15.9
12.6
109.5
107.0
102.9
98.7
-33.0
-38.3
-51.5
-35.0
4.6
2.7
.5
-3.2
137.8
142.6
153.9
136.9
89.0
91.2
97.1
86.8
66.0
70.6
73.7
77.1
1,165.5
1,185.6
1,223.9
1,247.7
151.1
157.0
162.9
165.4
1,014.3
1,028.5
1,061.0
1,082.3
916.0
944.3
972.3
979.9
98.3
84.2
88.7
102.4
9.7
8.2
8.4
L q
2,334.7
2,304.5
2,315.0
2,313.7
1,224.6
1,251.9
1,311.3
1,353.4
919.4
931.0
957.3
987.1
791.8
800.2
821.2
845.6
127.7
130.8
136.1
141.5
20.3
20.2
26.1
28.2
93.4
95.0
99.0
102.7
13.2
13.9
13.6
13.5
100.2
112.6
134.3
140.4
-12.7
-7.3
-12.2
-11.7
-5.6
-7.0
-8.2
-9.6
118.4
126.9
154.7
161.6
75.8
81.0
97.8
103.4
78.1
79.2
81.1
81.6
1,255.1
1,284.7
1,324.8
1,364.5
166.1
129.8
161.9
167.7
1,089.0
1,154.9
1,162.8
1,196.8
1,004.5
1,033.6
1,067.9
1,096.5
84.5
121.3
95.0
100.3
7.8
10.5
8.2
8.4
2,282.5
2,390.3
2,359.4
2,389.4
1,399.9
1,419.4
1,445.4
1,477.2
1,021.9
1,045.5
1,069.6
1,096.2
871.1
889.2
908.3
929.8
150.9
156.3
161.3
166.5
21.3
17.5
17.1
17.3
110.1
113.7
115.3
119.4
13.6
12.4
11.4
11.0
151.2
146.0
146.0
145.0
-11.6
-15.5
-15.9
-16.6
-10.9
-12.2
-12.1
-11.6
173.7
173.8
174.1
173.2
108.4
109.2
110.0
110.3
81.8
84.4
85.9
88.3
1,400.7
1,426.4
1,460.5
1,497.6
171.6
178.8
185.8
193.2
1,229.1
1,247.7
1,274.7
1,304.4
1,131.7
1,152.0
1,182.1
1,218.1
97.4
95.7
92.6
86.4
7.9
7.7
7.3
6.6
2,424.5
2,434.9
2,444.7
2,459.5
1,525.7
1,586.2
1,647.4
1,677.0
1,124.5
1,161.0
1,193.3
1,230.4
949.9
980.8
1,007.3
1,038.0
174.6
180.2
186.0
192.4
17.4
15.3
18.9
16.6
123.7
127.4
131.6
134.8
10.4
9.0
9.9
6.7
155.1
175.4
190.2
182.0
-22.3
-16.0
-10.6
-17.7
-11.6
-11.3
-10.1
-11.0
189.0
202.8
210.8
210.6
121.5
129.7
135.1
134.8
94.7
98.0
103.5
106.5
1,534.6
1,575.0
1,626.8
1,668.8
205.7
206.4
209.1
218.9
1,328.9
1,368.6
1,417.7
1,449.8
1,255.6
1,284.7
1,317.0
1,356.2
73.4
83.9
100.7
93.7
5.5
6.1
7.1
6.5
2,463.0
2,490.3
2,541.0
2,556.2
1978: i
||
III
IV
1,715.4
1,813.4
1,863.2
1,927.1
1,265.8
1,316.1
1,352.8
1,397.5
1,063.1
1,106.7
1,137.9
1,176.1
202.7
209.4
214.9
221.4
17.3
23.7
23.4
21.7
137.9
146.1
148.0
152.6
8.2
7.7
10.0
9.8
174.4
201.8
206.2
216.4
-22.3
-24.9
-24.6
-28.4
-11.7
-12.8
-13.8
-14.3
208.4
239.5
244.5
259.1
137.5
154.0
158.0
167.8
111.8
118.1
122.9
129.1
1,712.3
1,783.6
1,838.8
1,896.8
222.3
233.4
246.9
258.0
1,490.0
1,550.2
1,592.0
1,638.8
1,387.5
1,447.9
1,482.6
1,522.1
102.6
102.3
109.4
116.7
6.9
6.6
6.9
7.1
2,587.3
2,631.9
2,653.2
2,680.9
1979-I
II
Ill
IV
1,969.6
2,010.2
2,063.6
2,112.4
1,441.5
1,474.2
1,514.2
1,555.7
1,209.5
1,236.6
1,270.2
1,304.8
232.0
237.6
243.9
250.9
27.0
24.3
24.9
22.8
151.2
156.0
160.9
160.0
8.1
6.7
7.9
10.7
204.8
204.7
203.0
197.6
-37.3
-41.7
-45.2
-42.2
-15.3
-17.2
-18.2
-18.6
257.3
263.5
266.4
258.4
168.2
174.1
178.1
173.4
136.9
144.3
152.8
165.6
1,947.9
1,995.1
2,063.8
2,125.7
264.6
273.0
286.1
297.1
1,683.4
1,722.2
1,777.7
1,828.6
1,563.6
1,599.7
1,653.9
1,701.4
119.7
122.5
123.9
127.2
7.1
7.1
7.0
7.0
2,699.2
2,697.6
2,715.3
2,728.1
1980: I
II
Ill
IV
2,163.4
2,136.8
2,189.7
2,302.9
1,596.5
1,617.8
1,649.6
1,713.6
1,337.7
1,353.9
1,379.9
1,434.9
258.8
264.0
269.7
278.7
14.2
.9
11.3
19.7
161.5
157.5
158.4
163.7
13.6
9.1
12.6
17.4
196.6
163.5
167.5
183.0
-54.4
-35.0
-43.0
-39.7
-19.6
-20.4
-20.7
-20.1
270.6
218.9
231.2
242.8
174.3
144.5
151.0
154.6
180.9
187.9
190.3
205.6
2,190.5
2,206.0
2,281.9
2,383.2
296.8
304.9
315.7
332.3
1,893.7
1,901.1
1,966.1
2,050.9
1,751.9
1,755.3
1,813.4
1,875.9
141.8
145.8
152.8
175.0
7.5
7.7
7.8
8.5
2,742.9
2.692.0
2,722.5
2,777.0
1981:I
II
Ill
IV
2,378.7
2,400.3
2,475.7
2,475.3
1,766.0
1,797.3
1,835.0
1,863.6
1,473.4
1,500.3
1,532.8
1,556.0
292.6
297.0
302.2
307.6
22.8
23.3
22.3
16.4
166.8
158.7
157.9
155.1
21.3
20.1
20.1
21.9
189.8
176.4
191.8
170.1
-39.4
-25.9
-18.9
-18.6
-21.5
-21.0
-20.3
-21.9
250.7
223.3
231.0
210.6
159.5
143.7
147.6
140.3
212.0
224.6
248.6
248.2
2,453.9
2,497.5
2,580.2
2,607.1
344.4
356.9
371.7
367.9
2,109.5
2,140.6
2,208.5
2,239.2
1,929.8
1,964.5
2,009.4
2,026.8
179.7
176.1
199.1
212.3
8.5
8.2
9.0
9.5
2,783.7
2,776.7
2,814.1
2,808.8
1982: I ,
II
Ill
IV
2,474.3
2,524.1
2,540.2
2,551.5
1,887.8
1,908.1
1,927.6
1,940.4
1,572.1
1,586.9
1,602.3
1,611.8
315.7
321.2
325.3
328.6
15.8
16.2
11.5
10.2
144.1
156.4
158.9
169.6
21.2
20.0
22.4
24.1
146.1
152.4
157.1
150.3
-12.0
-9.4
-9.8
-8.6
-19.4
-17.1
-13.4
-9.6
177.4
178.9
180.3
168.6
114.4
114.0
114.6
109.9
259.3
271.0
262.6
256.8
2,626.7
2,679.9
2,710.4
2,746.8
370.2
376.5
366.8
372.1
2,256.5
2.303.4
2,343.6
2,374.7
2,065.2
2,089.9
2,134.3
2,190.9
191.3
213.5
209.3
183.8
8.5
9.3
8.9
7.7
2,795.0
2,824.8
2,829.0
2,832.6
1983: I
II
III
IV
2,605.5
2,691.4
2,751.8
2,834.3
1,966.4
2,003.9
2,046.1
2,101.2
1,629.0
1,661.6
1,698.9
1,747.3
337.4
342.3
347.1
353.9
7.5
3.2
-7.5
6.3
170.8
182.4
190.0
193.8
23.5
23.3
19.3
22.2
177.5
214.6
229.5
229.1
.6
-8.4
-18.5
-7.6
3.4
11.1
14.3
12.9
173.5
211.9
233.7
223.8
113.6
133.0
145.7
141.6
259.7
263.9
274.5
281.8
2,772.2
2,832.7
2,879.4
2,965.8
366.4
375.4
361.8
371.6
2,405.8
2,457.3
2,517.6
2,594.3
2,226.6
2,298.1
2,357.6
2,417.9
179.2
159.2
160.0
176.3
7.4
6.5
6.4
6.8
2,843.6
2,867.0
2,903.0
2,960.6
1984: I
II
Ill
IV
2,972.9
3,037.4
3,088.3
3,134.4
2,160.9
2,208.3
2,250.3
2,288.1
1,791.4
1,833.7
1,871.1
1,903.9
369.5
374.7
379.2
384.2
31.4
15.2
16.7
21.9
205.1
216.3
219.6
217.7
22.8
22.3
24.0
24.3
264.1
270.8
260.5
261.3
-13.9
-7.0
1.1
3.5
19.5
23.7
30.2
37.7
258.5
254.0
229.3
220.1
155.1
152.6
141.8
136.3
286.7
304.5
317.2
321.1
3,062.1
3,121.7
3,192.1
3,242.5
378.3
387.5
401.2
413.4
2,683.9
2,734.2
2,791.0
2,829.1
2,466.4
2,521.1
2,556.2
2,606.5
217.4
213.1
234.8
222.6
8.1
7.8
8.4
7.9
3,033.2
3,065.9
3,102.7
3,118.5
1985: I
II
Ill
IV
3,198.0
3,243.9
3,289.7
3,341.9
2,328.6
2,362.8
2,397.3
2,442.5
1,938.7
1,968.4
1,998.9
2,039.1
389.9
394.4
398.4
403.3
28.0
25.9
14.4
17.8
229.1
233.1
240.3
250.9
22.1
21.6
17.3
14.0
266.8
277.0
294.3
284.9
-3.2
2.4
5.6
-3.8
49.2
56.7
59.2
56.9
220.8
218.0
229.5
231.8
125.2
124.8
129.8
134.2
323.5
323.4
326.1
331.9
3,313.0
3,358.0
3.391.3
3,456.7
450.1
407.1
441.1
448.8
2,862.9
2,950.9
2,950.2
3,007.9
2,672.4
2,722.1
2,791.6
2,828.7
190.5
228.8
158.6
179.2
6.7
7.8
5.4
6.0
3,123.6
3,189.6
3,156.5
3,178.7
1986:I
II
II!
IV
3,397.4
3,423.5
3,444.9
3,486.0
2,477.5
2,499.9
2,535.2
2,582.5
2,067.4
2,085.4
2,115.0
2,153.9
410.2
414.5
420.2
428.6
12.8
32.1
20.6
23.6
258.9
260.3
265.8
260.9
12.2
10.7
7.0
4.7
290.1
268.7
263.1
264.6
27.7
15.4
6.6
-10.7
50.9
44.7
41.1
39.6
211.5
208.6
215.4
235.7
109.2
106.0
111.0
119.2
345.8
351.9
353.3
349.7
3,521.4
3,580.7
3,612.0
3,647.8
445.8
450.2
461.4
478.5
3,075.5
3,130.5
3,150.6
3,169.3
2,876.2
2,905.4
2,976.2
3,018.2
199.3
225.1
174.4
151.1
6.5
7.2
5.5
4.8
3,227.5
3,281.4
3,272.6
3,266.2
3,572.3
3,645.9
3,722.3
3,828.8
2,627.3
2,665.5
2,716.6
2,785.1
2,196.9
2,232.3
2,278.9
2,336.7
430.4
433.2
437.7
448.4
34.1
27.9
20.7
42.4
273.6
277.3
282.3
282.6
2.2
1.3
2.4
6.8
282.6
315.6
336.0
343.3
-10.0
-13.9
-16.1
-17.8
41.6
45.1
49.2
49.9
251.0
284.4
304.9
311.2
140.2
157.9
169.1
176.0
352.5
358.2
362.3
368.6
3,715.8
3,759.5
3,814.2
3,918.5
474.0
535.5
511.8
528.6
3,241.9
3,224.0
3,302.4
3,389.9
3,057.4
3,125.5
3,187.1
3,220.1
184.5
98.5
115.2
169.8
5.7
3.1
3.5
5.0
3,295.2
3,241.7
3,285.7
3,335.8
1988: I
II
Ill
IV
3,888.8
3,966.3
4,027.6
4,127.6
2,834.6
2,895.4
2,950.2
3,004.9
2,371.5
2,422.9
2,467.0
2,510.6
463.1
472.5
483.2
494.3
35.4
34.1
23.1
30.9
285.5
292.0
293.8
302.5
6.2
4.1
4.2
2.8
352.1
364.2
365.3
378.3
-18.8
-26.1
-32.6
-31.7
48.8
47.4
44.8
37.9
322.1
342.9
353.0
372.2
195.5
207.2
213.4
226.0
374.9
376.5
391.1
408.1
3,967.7
4,037.9
4,102.9
4,195.2
510.8
530.4
527.7
542.0
3,456.8
3,507.6
3,575.2
3,653.2
3,294.8
3,355.7
3,422.8
3,496.7
162.0
151.8
152.4
156.4
4.7
4.3
4.3
4.3
3,380.1
3,386.3
3,407.5
3,443.1
1989-I
II
Ill
IV
4,203.9
4.240.8
4,248.0
4,305.2
3,048.2
3,077.5
3,112.2
3,162.8
2,545.3
2,567.4
2,595.1
2,637.9
502.9
510.1
517.1
524.9
51.3
42.3
29.0
38.4
305.3
305.8
305.7
311.4
-4.2
-9.6
-18.6
-21.6
369.4
369.9
357.3
354.5
-37.6
-15.7
-3.3
-13.5
38.1
40.0
37.6
33.9
368.9
345.7
323.1
334.1
214.1
202.0
190.5
200.0
433.8
454.9
462.4
459.8
4,305.2
4,357.4
4,389.2
4,469.4
575.2
599.1
593.8
605.1
3,730.0
3,758.3
3,795.4
3,864.3
3,548.0
3,609.8
3,666.3
3,715.5
182.0
148.5
129.0
148.8
4.9
4.0
3.4
3.9
3,472.9
3,450.1
3,455.7
3,480.9
1990:I
II
Ill
IV
4.426.2
4,502.0
4,496.6
4,539.2
3,231.5
3,288.2
3,326.3
3,344.2
2,689.2
2,739.1
2,770.6
2,781.3
542.3
549.2
555.7
562.9
49.9
42.5
31.6
43.8
317.6
318.9
323.9
325.1
-15.9
-16.4
-13.3
-11.1
382.6
409.3
367.5
362.8
-2.0
8.9
-31.5
-19.5
35.8
31.4
22.8
13.5
348.8
369.0
376.2
368.9
216.8
229.2
230.5
231.8
460.5
459.5
460.6
474.4
4,585.6
4.648.6
4,701.9
4,759.1
611.9
627.4
628.5
625.2
3,973.7
4,021.2
4,073.4
4,133.9
3,797.2
3,845.6
3,921.9
3,957.7
176.5
175.7
151.6
176.2
4.4
4.4
3.7
4.3
3,525.6
3,529.8
3,523.5
3,519.0
1991-|
I!
Ill
IV
4,546.0
4,587.8
4,596.9
4,662.6
3,355.7
3,382.8
3,415.8
3,455.4
2,782.2
2,800.6
2,823.4
2,853.6
573.4
582.3
592.4
601.8
37.2
42.6
29.8
37.6
326.6
337.1
344.4
350.1
-11.7
-11.9
-16.3
-11.2
369.3
370.8
359.0
378.8
8.2
12.7
-3.0
1.9
4.7
.7
0
3.5
356.5
357.4
362.0
373.5
231.1
229.4
229.5
240.1
468.8
466.3
464.2
451.9
4,783.9
4,833.4
4,858.8
4,927.5
616.4
616.6
619.7
628.8
4,167.5
4,216.8
4,239.1
4,298.8
3,966.0
4,010.7
4,052.3
4,087.0
201.5
206.0
186.8
211.7
4.8
4.9
4.4
4.9
3,515.9
3,532.5
3,524.2
3,543.4
1992: I
II
Ill
IV
4,755.4
4,814.6
4,800.8
4,975.8
3,507.8
3,558.1
3,603.6
3,658.6
2,892.2
2,933.6
2,970.7
3,015.8
615.7
624.5
632.9
642.8
45.6
44.9
36.8
47.6
361.2
366.2
371.3
383.6
-8.7
-7.2
-18.5
-1.2
409.9
411.7
367.5
439.5
-4.6
-13.7
-7.8
4.9
10.2
16.0
17.4
24.7
404.3
409.5
357.9
409.9
257.3
256.5
227.8
254.9
439.5
440.8
440.1
447.7
5,017.8
5,093.8
5,139.8
5,328.3
630.9
634.6
642.8
670.7
4,386.9
4.459.2
4,497.0
4,657.6
4,169.4
4,221.3
4,277.3
4,377.9
217.5
237.9
219.6
279.7
5.0
5.3
4.9
6.0
3,580.1
3,607.5
3,624.8
3,717.6
,
1975: I
II .
Ill
IV
1976-1
II
Ill
IV ,
1977: I
II
Ill
IV
1987:I
II
Ill
IV
,
,
„
NOTE.—IVA=inventory valuation adjustment; CCAdj.^Capital consumption adjustment; DPi=Disposable personal
September 1993
SURVEY OF CURRENT BUSINESS
Constant-Dollar Inventories, Sales, and Inventory-Sales Ratios
for Manufacturing and Trade: 1990:1-1993:11
THE CONSTANT-DOLLAR INVENTORIES,
Data availability
in the January 1993 SURVEY.
Quarterly and monthly constant-dollar manufacturing and trade
inventories, sales, and inventory-sales ratios for 1967-92, as well
as constant-dollar manufacturing inventories by stage of fabrication, are available on printouts, diskette, and computer tape. To
order, write to the National Income and Wealth Division, BE-54,
Bureau of Economic Analysis, U.S. Department of Commerce,
Washington, DC 20230. Specify Constant-Dollar Manufacturing
and Trade Inventories, Sales, and Ratios (Accession No. BEA 5490-21-205 for printouts, BEA 54-91-40-409 for diskette, or BEA
54-85-01-004 for computer tape), and include a check or money
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sales, and inventory-sales
ratios have been revised beginning with 1990 to incorporate new
source data. The constant-dollar inventories through the second
quarter of 1993 are consistent with the revised inventory estimates in the August 1993 SURVEY OF CURRENT BUSINESS. The
constant-dollar sales have been revised to be consistent with the
inventories.
Tables 1, 2, and 3 present quarterly and monthly constantdollar inventories, sales, and inventory-sales ratios, respectively.
Table 4 presents fixed-weighted constant-dollar inventory-sales
ratios—that is, ratios obtained by weighting detailed industry
ratios by 1987 sales. Table 5 presents quarterly and monthly
inventories for manufacturing by stage of fabrication.
Quarterly constant-dollar manufacturing and trade inventories, sales, and inventory-sales ratios for 1977-89 were published
Table 1.—Manufacturing and Trade Inventories in Constant Dollars, Seasonally Adjusted, End of Period
[Billions of 1987 dollars]
1989
1992
1991
1990
1993
1993
Jan.
Feb.
Mar.
Apr
May.
June.
July
805.4
801.9
783.7
783.0
790.0
793.5
790.6
788.6
783.3
785.1
789.3
787.1
790.4
793.6
796.1
801.9
805.4
796.8
799.5
801.9
803.3
804.7
373.9
376.0
377.5
378.8
376.9
377.9
374.6
372.4
370.6
368.7
367.2
369.0
365.9
365.7
366.9
365.5
365.8
365.7
365.8
366.8
366.9
367.1
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles
Other
Other durable goods»
248.9
24.6
24.8
49.6
35.7
63.2
11.0
52.2
51.0
249.6
24.3
25.1
49.7
35.7
63.3
10.8
52.5
51.7
249.7
24.2
24.6
49.5
35.6
64.4
11.2
53.3
51.4
250.3
24.5
24.6
49.3
35.6
64.9
11.2
53.7
51.4
249.0
24.7
24.5
49.1
35.2
65.1
11.5
53.6
50.5
247.4
24.6
24.5
49.5
34.8
64.6
11.5
53.1
49.4
244.8
24.3
24.2
49.3
34.6
63.4
11.3
52.1
49.0
243.6
23.8
24.4
49.2
34.4
62.8
11.2
51.7
49.0
240.8
23.5
24.5
48.8
34.2
60.9
11.1
49.9
49.0
237.4
23.1
24.5
48.0
34.1
59.5
10.9
48.6
48.2
236.0
23.0
24.7
48.0
34.3
57.6
10.9
46.7
48.4
235.7
23.0
25.0
48.5
34.7
56.3
11.1
45.2
48.1
231.9
22.8
24.7
48.5
34.6
54.3
10.2
44.2
47.1
230.7
22.9
24.6
47.9
35.0
53.5
10.2
43.2
46.9
231.1
23.0
24.3
48.6
35.9
52.6
10.3
42.3
46.7
230.5
22.8
24.5
48.1
34.7
53.7
10.0
43.6
46.8
231.0
22.9
24.5
48.1
34.8
53.8
10.1
43.7
46.9
230.7
22.9
24.6
47.9
35.0
53.5
10.2
43.2
46.9
230.7
22.8
24.4
48.2
35.4
53.0
10.3
42.7
46.9
231.3
23.0
24.4
48.2
35.9
53.1
10.3
42.7
46.7
231.1
23.0
24.3
48.6
35.9
52.6
10.3
42.3
46.7
231.2
22.9
24.3
48.7
36.3
52.4
10.1
42.3
46.7
Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2
125.0
24.3
100.7
13.3
30.8
10.8
9.7
36.1
126.3
24.2
127.8
24.4
103.4
13.5
31.5
12.2
9.7
36.5
128.6
25.3
103.3
13.5
31.5
11.7
9.8
36.7
127.8
25.5
102.4
13.5
31.6
11.3
9.8
36.2
130.5
25.5
105.0
13.9
32.2
12.7
10.0
36.2
129.8
25.1
104.7
13.8
32.1
12.3
10.3
36.2
128.8
25.4
103.4
13.7
32.0
11.1
10.4
36.3
129.8
25.9
103.9
13.9
32.3
10.4
10.6
36.8
131.3
25.9
105.3
14.0
32.5
11.0
10.5
37.4
131.2
26.4
104.8
13.8
32.3
10.2
10.6
37.9
133.3
26.8
106.5
13.9
32.8
10.1
10.7
39.0
134.0
26.6
107.4
13.7
33.0
10.3
11.0
39.5
135.0
27.0
107.9
13.8
32.9
10.4
10.9
39.8
135.8
27.4
108.4
13.8
32.8
10.3
11.1
40.4
135.0
26.9
135.1
27.1
108.1
13.7
33.2
10.6
10.9
39.7
134.8
27.0
107.9
13.8
33.0
10.6
10.9
39.7
135.0
27.0
102.2
13.3
30.9
11.8
9.6
36.6
107.9
13.8
32.9
10.4
10.9
39.8
108.0
13.8
32.8
10.5
11.0
39.8
135.5
27.2
108.3
13.8
32.9
10.3
11.1
40.2
135.8
27.4
108.4
13.8
32.8
10.;
11.
178.8
179.6
182.0
183.7
184.3
185.9
183.4
184.2
188.2
187.7
190.2
190.6
193.8
193.8
195.3
194.3
193.6
193.8
194.8
195.1
116.8
62.0
18.4
43.5
117.6
62.0
18.2
43.8
118.3
63.6
18.4
45.2
120.2
63.5
18.7
44.7
119.4
64.9
20.1
44.9
120.3
65.6
20.3
45.3
117.7
65.7
20.2
45.5
117.2
67.0
21.2
45.8
119.9
68.3
21.4
46.9
118.3
69.4
21.2
48.2
121.4
68.8
20.9
47.9
122.7
67.9
19.9
48.0
124.0
69.8
20.6
49.2
123.1
70.6
21.2
49.4
123.6
71.7
21.6
50.1
123.2
71.1
21.2
49.9
122.8
70.7
21.3
49.4
123.1
70.6
21.2
49.4
123.4
71.4
21.6
49.8
123.9
71
21.5
49.7
195.3
123.6
71.7
21.6
50.1
231.0
227.4
230.6
231.0
229.4
224.8
225.3
228.5
230.5
230.8
232.9
234.0
236.4
242.4
243.2
237.1
240.1
242.4
242.7
242.8
243.!
239.9
115.7
61.9
53.7
112.6
58.2
54.4
114.8
22.8
92.0
115.1
60.2
54.9
116.1
61.6
54.6
114.9
23.7
91.1
114.5
60.5
54.0
115.0
23.9
91.0
109.4
56.!
52.9
115.4
24.2
91.2
109.9
57.0
52.9
115.4
23.9
91.6
111.6
58.3
53.3
110.9
57.1
53.9
113.7
56.9
56.8
120.2
25.0
95.3
115.2
56.5
58.7
121.2
25.2
96.0
120.1
60.5
59.6
119.6
24.7
94.9
113.7
58.3
55.4
119.
24.9
94.3
119.9
60.6
59.3
116.9
24.2
92.6
112.5
58.2
54.3
118.3
24.4
93.9
122.5
25.2
97.3
123.0
24.8
98.3
115.7
57.0
58.7
121.4
25.2
96.!
118.4
59.4
59.0
121.7
25.2
96.5
119.9
60.6
59.3
122.
25.2
97.3
120.3
60.6
59.7
122.5
25.0
97.5
119.8
60.4
59.4
123.0
24.7
98.
120.1
60.5
59.6
123.0
24.8
98.3
117.3
57.3
60.0
122.7
24.8
97.8
Manufacturing and trade
Manufacturing
Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
Retail trade
Durable goods
Auto dealers
Other durable goods
Nondurable goods
Food stores
Other nondurable goods
See footnotes to table 5.
115.4
23.3
92.1
115.5
23.4
92.2
40.4
135.9
27.3
108.6
13.9
32.7
10.4
11.1
40.4
194.9
123.0
71.9
21.5
50.4
SURVEY OF CURRENT BUSINESS
September 1993
Table 2.—Manufacturing and Trade Sales in Constant Dollars, Seasonally Adjusted Total at Monthly Rate
[Billions of 1987 dollars]
1989
1990
1992
1991
1993
1993
Jan.
Feb.
Mar.
Apr
May.
June.
July
489.5
492.8
495.0
493.2
482.5
473.5
482.6
486.7
485.8
490.7
493.0
497.4
507.3
514.8
516.5
514.4
515.8
514.3
512.9
516.1
520.4
515.1
215.9
217.9
219.6
219.8
215.0
208.6
213.3
216.4
216.3
217.5
220.0
220.5
225.3
230.3
228.9
227.6
230.8
232.6
228.1
227.2
231.4
226.0
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles
Other
Other durable goods J
115.2
10.3
12.3
21.1
15.7
29.4
18.0
11.4
26.5
115.8
10.5
12.3
21.5
16.1
28.6
16.7
11.9
26.7
117.5
10.5
12.5
21.2
16.1
30.7
18.6
12.1
26.5
116.7
10.5
12.4
21.4
16.1
30.1
18.0
12.2
26.3
113.2
10.5
12.0
21.6
15.9
27.4
15.4
12.0
25.8
108.1
9.7
11.6
20.5
15.8
25.6
14.0
11.6
24.9
111.6
9.8
11.7
20.7
16.1
27.9
15.9
12.0
25.4
114.1
10.2
11.9
20.7
16.2
29.4
17.2
12.2
25.8
113.9
10.2
12.0
21.0
16.5
28.6
16.8
11.8
25.6
114.7
10.4
11.9
21.4
16.5
28.7
16.9
11.9
25.9
116.5
10.5
11.9
22.2
16.7
29.1
17.5
11.5
26.0
117.1
10.3
12.1
22.8
17.3
28.2
17.2
11.0
26.5
121.2
10.4
12.2
23.6
18.0
30.6
19.5
11.1
26.4
124.1
10.7
12.!
25.3
17.9
31.4
20.9
10.5
26.2
123.6
10.6
12.6
25.6
18.6
30.2
20.0
10.3
26.0
121.9
10.6
12.4
24.6
17.3
31.0
20.6
10.4
25.9
124.5
10.8
12.5
25.0
18.1
31.6
21.1
10.5
26.6
125.9
10.8
12.6
26.4
18.4
31.6
21.0
10.7
26.1
122.9
10.6
12.4
25.3
18.
30.6
20.4
10.:
122.6
10.4
12.6
25.6
18.5
29.7
19.6
10.1
25.8
125.2
10.8
12.7
25.8
19.2
30.5
20.0
10.5
26.2
120.8
10.3
12.3
26.7
18.7
26.8
17.6
9.2
26.0
Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2
100.7
27.7
73.0
9.5
20.6
11.3
7.4
24.3
102.0
28.0
74.0
9.6
20.9
11.3
7.7
24.5
102.1
28.1
74.1
9.6
21.0
11.1
7.7
24.6
103.1
28.3
74.8
9.6
21.4
11.6
8.0
24.2
101.8
28.8
73.1
9.5
21.3
10.6
101.7
28.7
72.9
9.5
21.0
11.7
7.5
23.3
102.3
29.0
73.2
9.7
21.1
11.1
7.7
23.6
102.4
29.0
73.4
9.7
21.1
11.0
7.7
23.9
102.8
28.9
73.9
9.8
21.2
11.7
7.8
23.4
103.5
29.2
74.3
9.7
21.6
11.6
7.8
23.8
103.4
29.4
74.0
9.7
21.5
11.1
7.7
24.0
104.1
29.6
74.5
9.7
21.5
11.2
7.7
24.4
106.2
29.7
76.5
9.7
22.1
11.9
7.7
25.1
105.3
29.6
75.7
9.7
22.2
11.3
7.6
24.9
105.7
29.6
76.1
9.7
21.7
11.7
7.7
25.2
106.3
29.6
76.7
9.7
22.1
12.1
7.8
25.0
106.7
30.0
76.7
9.7
22.4
11.9
7.7
25.0
105.1
29.7
75.4
9.6
22.0
11.5
7.5
24.8
104.6
29.2
75.4
9.8
21.9
11.2
106.2
30.0
76.2
9.6
22.8
11.2
7.7
23.9
100.5
28.4
72.1
9.3
20.7
11.2
7.4
23.5
7.6
24.9
7.6
24.9
105.2
29.6
75.6
9.7
22.2
11.4
7.2
25.1
131.7
131.6
133.1
130.9
127.0
126.7
129.3
130.5
130.0
130.9
130.4
132.5
133.5
136.5
137.2
137.7
136.6
135.0
135.7
138.4
137.5
137.1
65.1
66.6
26.6
40.0
66.9
64.8
25.3
39.4
66.3
66.8
26.2
40.6
65.1
65.8
26.3
39.5
63.2
63.8
26.1
37.7
61.9
64.8
26.2
38.6
62.1
67.1
26.8
40.3
63.3
67.3
27.4
39.9
63.1
66.9
27.3
39.6
63.7
67.2
26.6
40.6
63.8
66.6
26.6
40.0
65.1
67.4
27.6
39.8
66.4
67.1
27.2
39.9
68.1
68.4
27.7
40.7
68.2
68.9
27.2
41.7
69.0
68.8
28.0
40.7
68.4
68.2
27.4
40.9
66.8
68.2
27.7
40.6
67.9
67.8
26.6
41.2
68.7
69.7
27.2
42.5
68.1
69.3
28.0
41.4
68.3
27.2
41.1
141.9
143.4
142.2
142.5
140.5
138.2
140.0
139.8
139.5
142.3
142.6
144.4
148.4
148.0
150.4
149.1
148.3
146.7
149.2
150.5
151.6
152.0
53.9
31.3
22.6
88.1
27.2
60.8
55.6
32.3
23.3
87.8
27.1
60.7
54.2
31.3
22.8
88.1
27.4
60.7
54.1
31.4
22.7
88.4
27.3
61.1
53.1
30.6
22.5
87.4
27.2
60.2
51.0
28.9
22.1
87.2
26.9
60.3
51.9
29.4
22.5
88.0
26.9
61.2
51.7
29.3
22.5
88.1
26.9
61.2
51.9
29.5
22.4
87.5
26.9
60.6
53.6
30.4
23.2
88.7
26.8
61.9
53.7
30.1
23.6
88.9
26.9
62.0
54.7
30.4
24.2
89.7
27.0
62.7
56.9
31.9
25.0
91.5
27.3
64.3
56.8
31.8
25.0
91.2
27.2
64.0
58.6
32.7
25.9
91.8
27.0
64.8
57.8
32.2
25.6
91.3
27.3
64.0
56.5
31.6
24.9
91.8
27.5
64.3
56.2
31.5
24.6
90.5
26.9
63.6
57.8
32.4
25.4
91.4
27.0
64.4
58.6
32.8
25.8
91.8
26.8
65.0
59.4
32.9
26.4
92.2
27.2
65.0
59.7
33.3
26.5
92.3
27.3
65.0
Manufacturing and trade
Manufacturing
Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
Retail trade
Durable goods
Auto dealers
Other durable goods
Nondurable goods
Food stores
Other nondurable goods
25.9
See footnotes to table 5.
Table 3.—Constant-Dollar Inventory-Sales Ratios for Manufacturing and Trade, Seasonally Adjusted
[Ratio, based on 1987 dollars]
1989
1990
1991
1992
1993
1993
Jan.
1.60
1.59
1.60
1.61
1.64
1.67
1.62
1.61
1.73
1.73
1.72
1.72
1.75
1.81
1.76
1.72
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles
Other
Other durable goods 1
2.16
2.39
2.01
2.36
2.28
2.15
.61
4.58
1.93
2.16
2.30
2.03
2.30
2.21
2.22
.65
4.41
1.94
2.13
2.31
1.96
2.33
2.21
2.10
.60
4.42
1.94
2.15
2.32
1.99
2.31
2.21
2.15
.62
4.42
1.96
2.20
2.36
2.04
2.28
2.21
2.38
.75
4.48
1.96
2.29
2.52
2.12
2.41
2.21
2.52
.82
4.57
1.99
2.19
2.47
2.07
2.39
2.15
2.27
.71
4.33
1.93
2.13
2.34
2.06
2.38
2.12
2.14
.65
4.25
1.90
2.12
Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2
1.24
.88
1.38
1.40
1.50
.96
1.31
1.49
1.24
.86
1.38
1.39
1.48
1.04
1.25
1.49
1.25
.87
1.40
1.42
1.50
1.09
1.25
1.48
1.25
.89
1.38
1.41
1.47
1.01
1.23
1.51
1.26
.89
1.40
1.42
1.48
1.06
1.27
1.52
1.30
.90
1.46
1.49
1.56
1.13
1.35
1.54!
1.28
.87
1.44
1.46
1.53
1.05
1.37
1.55
1.36
1.37
1.37
1.40
1.45
1.79
.93
.69
1.76
.96
.72
1.11
1.78
.95
.70
1.12
1.85
.97
.71
1.13
1.89
1.02
.77
1.19
1.94
1.01
.78
1.17i
1.90
.98
.75
1.13
Manufacturing and trade
Manufacturing
Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
Retail trade
Durable goods
Auto dealers
Other durable goods
Nondurable goods
Food stores
Other nondurable goods
See footnotes to table 5.
...
1.09
1.60
1.63
1.60
1.67
Feb.
1.57
1.56
1.56
1.55
1.55
1.62
1.59
1.60
1.61
1.59
Mar.
Apr
May.
June.
July
1.56
1.55
1.56
1.60
1.61
1.59
1.63
1.56
2.31
2.03!
2.32,
2.07
2.13:
.66
4.23
1.92
2.07
2.23
2.07
2.24
2.07
2.07
.65
4.09
1.86
2.03
2.19
2.07
2.16
2.05
1.98
.62
4.06
1.86
2.011
2.24!
2.07J
2.13
2.00
2.00:
.64
4.131
1.82,
1.91
2.19
2.01
2.05
1.92
1.77
.52
3.97
1.79
1.86
2.14
1.97
1.89
1.95
1.70
.49
4.11
1.79
1.87
2.16
1.93
1.90
1.93
1.74
.52
4.12
1.80
1.89
2.15
1.97
1.95
2.00
1.73
.49
4.18
1.81
1.86
2.12
1.97
1.93
1.93
1.71
.48
4.16
1.76
1.83
2.12
1.95
1.82
1.90
1.69
.49
4.06
1.80
1.88
2.16
1.96
1.91
1.94
1.73
.50
4.19
1.81
1.89
2.21
1.94
1.88
1.94
1.79
.53
4.24
1.81
1.85
2.12
1.91
1.89
1.87
1.72
.52
4.02
1.78
1.92
2.22
1.98
1.82
1.94
1.96
.58
4.60
1.80
1.26
.88
1.41
1.41
1.52
.99
1.35
1.54
1.27
.89
1.42
1.44
1.53!
.94
1.38
1.54
1.28
.90
1.42
1.43
1.53
.94
1.34
1.60
1.27
.91
1.41
1.43
1.50
.88
1.37
1.59
1.29
.91
1.44'
1.43
1.521
.91
1.40
1.62
1.29
.90
1.44
1.41
1.53
.92
1.43
1.62
1.27
.91
1.41
1.42
1.49
.88
1.42
1.59
1.29
.93
1,43
1.43
1.48
.91
1.47
1.62
1.28
.91
1.42
1.41
1.52
.90
1.42
1.57
1.27
.91
1.41
1.43
1.49
.87
1.41
1.59
1.27
.90
1.41
1.42
1.47
.88
1.42
1.59
1.29
.91
1.43
1.44
1.49
.91
1.46
1.61
1.30
.93
1.44
1.42
1.50
.92
1.46
1.61
1.28
.91
1.42
1.44
1.44
.92
1.46
1.62
1.29
.92
1.44
1.43
1.47
.92
1.54
1.61
1.43
1.46
1.42
1.42
1.85
1.00
.77
1.15
1.90:
1.02
.78
1.18
1.86
1.03
.80
1.19
1.90
1.03
.79
1.20
1.89
1.01
.72
1.21
1.87
1.04
.76
1.23
1.81
1.04
.79
1.20
1.79
1.03
.75
1.23
1.80
1.04
.78
1.21
1.84
1.04
.77
1.22
1.82
1.05
.81
1.21
1.80
1.02
.79
1.17
1.81
1.03
.77
1.21
1.79
1.05
.79
1.23
1.42
1.81
1.03
.77
1.21
1.63
1.59
1.62
1.62
1.63
1.63
1.61
1.63
1.65
1.62
1.63
1.62
1.59
1.64
1.62
1.59
1.62
1.65
1.63
1.61
1.60
1.58
2.15
1.98
2.38
1.31
.85
1.52
2.03
1.80
2.34
1.31
.84
1.52
2.13
1.92
2.40
1.31
.85
1.52
2.15
1.96
2.41
1.30
.87
1.49
2.16
1.98
2.41
1.32
.88
1.51
2.15|
1.961
2.39!
1.321
.90!
1.51
2.12
1.94
2.35
1.31
.89
1.50
2.16
1.99
2.38
1.33
.90
1.51
2.14i
1.93
2.40
1.37,
.92;
1.57!
2.10
1.92
2.34
1.33
.91
1.52
2.12
1.94
2.35
1.34
.93
1.52
2.08
1.87
2.35
1.34.
.92
1.52
2.03
1.77
2.35
1.32
.92
1.49
2.11
1.91
2.37
1.34
.93
1.52
2.05
1.85
2.31
1.34
.92
1.52
2.00
1.77
2.29
1.33
.92
1.50
2.10
1.88
2.37
1.33
.92
1.50
2.14
1.92
2.41
1.35
.94
1.53
2.08
1.87
2.36
1.34
.93
1.51
2.04
1.84
2.30
1.34
.92
1.51
2.02
1.84
2.26
1.33
.91
1.51
1.96
1.72
2.27
1.33
.91
1.51
60 • September 1993
SURVEY OF CURRENT BUSINESS
Table 4.—Fixed-Weighted Constant-Dollar Inventory-Sales Ratios for Manufacturing and Trade, Seasonally Adjusted
[Ratio, based on 1987 dollars]
1989
Manufacturing and trade
Manufacturing
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
See footnotes to table 5.
1992
1991
1990
1.62
1.60
1.61
1.62
1.64
1.67
1.63
1.63
1.71
1.70
1.70
1.70
1.72
1.78
1.73
1.70
2.15
1.24
2.12
1.24
2.11
1.25
2.11
1.25
2.14
1.25
2.21
1.31
2.14
1.28
2.09
1.27
1.31
1.31
1.32
1.35
1.39
1.42
1.38
1.37
1.77
.90
1.74
.92
1.76
.92
1.82
.92
1.86
.96
1.92
.97
1.87
.94
1.83
.96
1.63
2.08
1.27
1.61
1.60
1.60
1.57
1.57
1.68
1.66
1.66
1.62
1.60
2.03
1.28
2.01
1.28
2.00
1.29
1.92
1.29
1.90
1.27
1.39
1.40
1.37
1.87
.96
1.84
.99
1.80
.99
1.39
1.88
.98
1993
1.83
.99
1.88
.99
1.61
1.56
1.61
1.61
1.62
1.62
1.60
1.62
1.64
1.60
1.61
1.59
1.55
2.14
1.29
2.02
1.29
2.12
1.30
2.14
1.29
2.15
1.30
2.14
1.31
2.11
1.29
2.16
1.30
2.13
1.34
2.10
1.30
2.11
1.30
2.07
1.30
2.02
1.28
2.11
1.29
Table 5.—Manufacturing Inventories by Stage of Fabrication in Constant Dollars, Seasonally Adjusted, End of Period
[Billions of 1987 dollars]
1989
1990
1992
1991
1993
1993
Jan.
Feb.
Mar.
Apr
May.
June.
July
Materials and supplies
124.9
124.9
125.0
124.9
125.8
126.9
124.9
124.7
124.7
123.7
124.3
124.6
123.8
123.1
123.7
123.4
123.1
123.1
123.3
123.8
123.7
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Motor vehicles
Other transportation equipment
Other durable goods l
75.5
8.5
9.1
15.7
11.8
4.6
8.9
16.9
75.1
8.5
9.2
15.7
11.9
4.7
8.3
16.9
75.0
8.4
9.0
74.7
8.3
9.1
75.7
8.4
9.2
16.7
73.6
8.0
8.8
15.5
11.5
4.9
8.2
16.8
72.4
7.9
8.7
15.3
11.3
4.9
8.0
16.5
72.9
7.9
8.9
15.5
11.4
4.8
7.7
16.7
72.9
7.8
8.9
15.9
11.3
4.8
7.5
16.7
72.1
7.9
9.0
16.1
11.3
4.4
6.8
16.5
71.4
8.0
8.8
16.1
11.3
4.5
6.7
16.0
71.5
8.0
8.5
16.5
11.5
4.2
6.5
16.2
71.6
7.9
8.7
16.3
11.3
4.4
6.7
16.4
71.6
7.9
8.7
16.3
11.3
4.4
6.7
16.2
71.8
8.0
8.4
16.8
73.9
8.2
8.8
15.6
11.5
4.8
8.5
16.5
71.5
8.0
8.4
15.7
74.0
8.3
8.8
15.8
11.4
4.9
8.4
16.3
71.4
8.0
8.8
15.8
11.7
4.9
8.3
75.8
8.4
9.0
16.0
11.6
4.9
9.2
16.8
71.5
8.0
8.5
16.5
11.5
4.2
6.5
16.2
Nondurable goods
Food and kindred products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2
49.4
7.9
6.9
10.9
2.9
4.0
16.8
49.8
7.8
6.9
11.0
3.1
4.0
50.3
8.2
7.0
11.1
3.0
4.1
16.9
50.0
8.3
7.0
11.1
2.9
4.0
16.8
51.1
8.3
7.1
11.3
3.4
4.1
17.0
51.0
8.4
7.1
11.3
3.3
4.2
51.1
8.4
7.2
11.2
2.8
4.3
17.2
51.3
8.6
7.2
11.3
2.8
4.3
17.1
51.4
8.7
7.1
11.3
2.6
4.4
17.3
51.7
8.8
6.9
11.3
2.6
4.3
52.2
9.1
7.1
11.1
2.7
4.4
17.8
51.6
8.9
7.0
11.2
2.8
4.3
17.6
51.6
8.8
7.1
11.2
2.7
4.3
17.5
51.8
8.9
7.0
11.3
2.8
4.3
16.8
50.7
8.5
7.0
11.2
3.0
4.2
16.9
51.6
8.8
7.0
17.0
50.0
7.8
7.0
11.1
3.3
4.0
16.8
17.5
Manufacturing
11.7
4.7
8.5
16.1
11.4
5.1
8.8
16.8
11.2
2.6
4.4
17.6
16.1
16.5
16.7
11.3
4.5
6.7
16.0
11.3
4.3
6.8
16.1
11.4
4.3
6.9
16.1
51.8
8.8
7.1
11.3
2.7
4.3
17.6
52.0
8.9
7.1
11.3
2.7
4.4
17.5
51.6
8.8
7.1
11.2
2.7
4.3
17.5
17.7
52.2
9.1
7.1
11.1
2.7
4.4
17.8
Work-in-process
130.9
131.1
131.0
132.3
129.7
128.8
128.5
126.9
124.0
122.4
120.0
118.8
118.5
117.7
118.0
117.9
118.3
117.7
117.3
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Motor vehicles
Other transportation equipment
Other durable goods l
111.1
9.6
8.5
20.1
14.0
3.6
38.6
16.7
111.3
9.3
8.6
19.7
13.9
3.4
39.6
16.8
111.1
9.2
8.4
19.1
13.8
3.5
40.4
16.7
112.2
9.5
8.2
19.6
13.8
3.8
40.8
16.6
109.9
9.6
8.3
19.2
13.7
3.7
39.4
15.9
109.0
9.6
8.1
19.3
13.7
3.6
39.6
15.2
108.4
9.5
8.2
19.6
13.6
3.6
38.5
15.3
106.8
9.3
8.3
19.0
13.3
3.5
38.3
15.1
104.1
9.0
8.2
19.1
13.2
3.4
36.7
14.6
101.9
8.8
8.3
18.8
13.1
3.4
35.4
14.0
99.5
8.8
8.3
18.4
13.1
3.7
33.7
13.6
98.1
8.6
8.4
18.5
13.6
3.5
32.3
13.2
97.5
8.7
8.2
18.0
14.1
3.4
32.3
12.9
96.6
8.8
8.3
17.8
14.3
3.2
31.4
12.8
96.8
8.5
8.2
18.3
14.8
3.9
30.3
12.8
96.8
8.7
8.3
17.9
14.2
3.1
31.9
12.7
97.0
8.7
8.2
17.9
14.3
3.2
31.8
12.8
96.6
8.8
8.3
17.8
14.3
3.2
31.4
12.8
96.2
8.6
8.2
17.9
14.5
3.5
30.7
12.7
96.5
8.6
8.3
18.0
14.8
3.6
30.7
12.6
96.8
8.5
8.2
18.3
14.8
3.9
30.3
12.8
Nondurable goods
Food and kindred products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2
19.8
2.5
1.5
4.8
2.7
1.6
6.8
19.8
2.5
1.5
4.8
2.7
1.6
6.8
19.9
2.6
1.5
4.8
2.7
1.6
6.7
20.1
2.6
1.4
4.7
3.0
1.6
6.7
19.8
2.7
1.5
4.8
2.7
1.6
6.6
19.8
2.6
1.5
4.8
3.0
1.6
6.4
20.1
2.6
1.5
4.8
3.0
1.6
6.5
20.1
2.8
1.4
4.8
2.8
1.7
6.6
19.9
2.8
1.4
4.9
2.4
1.7
6.7
20.5
2.7
1.4
4.9
2.8
1.7
7.0
20.4
2.9
1.3
5.0
2.5
1.7
7.1
20.7
3.0
1.3
5.0
2.5
1.6
7.2
21.0
3.0
1.3
5.1
2.5
1.7
7.3
21.2
3.0
1.3
5.1
2.5
1.7
7.5
21.1
3.0
1.3
5.2
2.4
1.8
7.5
21.1
3.0
1.3
5.1
2.5
1.7
7.4
21
3.0
1.4
5.2
2.5
1.7
7.4
21.2
3.0
1.3
5.1
2.5
1.7
7.5
21.0
3.0
1.3
5.0
2.5
1.7
7.5
20.9
2.9
1.3
5.0
2.4
1.7
7.5
21.1
3.0
1.3
5.2
2.4
1.8
7.5
Manufacturing
118.0
Finished goods
118.1
120.0
121.4
121.6
121.3
122.3
121.2
120.8
121.9
122.5
122.9
125.6
123.6
124.9
125.2
124.1
124.5
124.9
125.2
125.5
125.2
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Motor vehicles
Other transportation equipment
Other durable goods !
62.3
6.5
7.1
63.3
6
7.3
14.3
10.0
2.7
4.6
18.0
63.5
6.6
7.2
14.5
63.4
6.7
7.3
14.0
62.5
6.5
7.3
13.9
9.6
2.7
5.2
17.4
63.1
6.4
7.5
14.
9.5
2.8
5.0
17.7
63.1
6.4
7.5
14.0
9.7
2.6
5.2
17.7
63.6
6.3
7.6
14.2
9.8
2.4
5.3
18.0
64.6
6.6
7.8
62.2
6.2
7.4
14.3
9.2
2.4
5.1
62.7
6.2
7.6
10.1
2.8
4.4
18.1
62.7
6.6
7.3
14.1
9.7
2.8
4.7
17.4
62.9
6.3
7.2
10.0
2.7
4.6
63.3
6.7
7.2
13.9
9.9
2.8
5.0
17.7
62.7
6.4
7.6
13.8
9.7
2.1
5.5
62.0
6.1
7.5
13.9
9.1
2.5
5.1
17.7
62.5
6.2
7.5
13.9
9.3
2.5
5.2
17.9
62.7
6.2
7.6
14.0
9.3
2.5
5.2
18.1
63.0
6.2
7.8
13.8
9.5
2.4
5.2
18.0
63.0
6.4
7.8
13.6
9.7
2.5
5.2
62.7
6.4
7.6
13.8
9.7
2.1
5.5
17.9
17.7
Nondurable goods
Food and kindred products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2
55.8
13.9
4.9
56.7
57.9
14.0
5.0
15.6
6.2
4.1
58.3
14.5
5.1
15.6
5.7
4.1
13.2
58.0
14.5
5.1
15.7
5.7
4.2
12.8
59.6
14.6
5.3
58.8
14.2
5.3
16.0
6.0
4.5
12.8
58.0
14.1
5.
16.0
5.4
4.5
58.8
59.5
14.6
5.4
16.3
5.4
4.!
13.3
59.4
61.0
62.1
15.0
5.5
62.2
15.2
5.4
16.6
5.3
4.9
14.8
62.3
14.8
5.4
16.0
5.1
4.6
13.4
62.0
15.1
5.4
62.6
15.4
5.5
62.5
15.3
5.4
16.5
5.
5.0
15.0
Manufacturing
r
13.8
10.0
2.8
4.8
17.5
15.1
5.2
4.1
12.5
13.9
4.9
15.1
5.9
4.0
12.8
17.9
13.0
16.:
6.4
4.3
12.8
14.6
9.6
2.9
4.9
17.4
12.8
Revised.
p Preliminary.
1. Includes lumber and wood products; furniture and fixtures; stone, clay, and glass products; instruments and
related products; and miscellaneous manufacturing industries
2. Includes tobacco manufacturers; textile mill products; apparel products; printing and publishing; and leather
and leather products.
14.6
5.3
16.2
5.2
4.6
12.9
14.1
9.7
2.8
5.5
18.1
16.6
5.0
4.7
14.1
17.7
61.4
14.8
5.4
16.6
5.1
5.0
14.5
14.0
9.3
2.5
5.2
18.1
62.2
15.2
5.4
16.6
5.3
4.9
14.8
17.7
62.5
15.3
5.4
16.5
5.2
5.0
15.0
15.0
5.4
16.7
5.3
4.9
14.8
16.6
5.:
4.9
14.7
15.3
5.4
16.5
5.3
4.9
14.8
16.6
5.2
5.0
14.9
NOTE—.Manufacturing inventories are classified by the type of product produced by the establishment holding
the inventory Trade inventories are classified by the type of product sold by the establishment holding the inventory
Table 4: The I-S ratios shown in this table were obtained by weighting detailed industry I-S ratios by 1982 sales
For manufacturing, 21 industries were used; for merchant wholesalers, 20 kinds of business; and for retail trade,
8 kinds of business,
SURVEY OF CURRENT BUSINESS
September 1993
6l
Fixed Reproducible Tangible Wealth in the United States:
Revised Estimates for 1990-92 and Summary Estimates for 1925-92
TABLES 1-20 present estimates of fixed reproducible tangible
wealth in the United States for 1989-92. These estimates,
which cover the stock of privately owned and governmentowned durable equipment and structures and of durable goods
owned by consumers, incorporate the revised national income
and product accounts estimates for 1990-92 that appeared in
the August 1993 SURVEY OF CURRENT BUSINESS. Estimates of
fixed private capital are shown in tables 1-4; fixed nonresidential
private capital, in tables 5-8; residential capital, in tables 9-12;
government-owned fixed capital, in tables 13-16; and durable
goods owned by consumers, in tables 17-20. Tables 21-24 present
summary wealth estimates for 1925-92, the entire period for
which these estimates are available.
Data availability
A complete set of BEA wealth estimates for the years through
1989 is available in Fixed Reproducible Tangible Wealth in the
United States, 1925-89 (see inside back cover for order information). This publication presents annual estimates of gross
and net stocks, depreciation, discards, and average ages of gross
and net stocks in historical-cost, constant-cost, and current-cost
valuations for the types of wealth shown in tables 1-20 and
for private and government capital by type of equipment and
structures; it also provides the investment data and service lives
used to derive the estimates and a statement of the methodology
underlying the estimates.
In addition, annual estimates of gross and net stocks, depreciation, and discards in historical-cost, constant-cost, and
current-cost valuations for the types of wealth shown in tables 120 and for private and government capital by type of equipment
and structures, together with the investment data used to derive
the estimates, are available on computer tape and on diskettes
for the following years: For fixed private capital by industry,
1947-92; for all other estimates, 1925-92. For more information, write to the National Income and Wealth Division (BE-54),
Bureau of Economic Analysis, U.S. Department of Commerce,
Washington, DC 20230, or call (202) 606-9740.
NOTE.—John C. Musgrave prepared the wealth estimates,
assisted by Heather L. Quick.
Tables 1 through 24 follow.
62 • September 1993
SURVEY OF CURRENT BUSINESS
Table 1.—Current-Cost Gross Stock of Fixed Private Capital,
Nonresidential and Residential, by Industry, 1989-92'
Table 2.-Current-Cost Net Stock of Fixed Private Capital, Nonresidential
and Residential, by Industry, 1989-92 1
[Billions of dollars]
[Billions of dollars]
1989
Fixed private capital
Nonresidential
16,022.3
1990
1991
16,871.4 17,489.7 18,099.2
9,012.4
9,484.8
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries
410.3
367.0
43.3
416.3
416.8
368.8
47.5
Mining
530.4
41.2
48.9
536.4
413.1
418.4
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Electric services
Gas services
Sanitary services
41.0
49.0
29.4
1,995.3
1,079.3
40.8
18.2
63.4
199.1
119.8
186.3
155.9
114.1
90.5
72.7
18.4
916.1
180.8
13.8
50.4
17.8
132.3
75.3
254.6
123.3
2,114.0
1,137.6
2,189.1
1,167.6
41.4
19.7
64.3
207.9
129.1
203.6
175.7
123.0
100.5
2,255.1
1,190.0
63.9
3.9
2,311.8
609.0
250.0
12.5
107.7
54.0
101.8
40.7
168.2
120.0
96.4
78.2
19.2
976.5
192.3
14.2
52.2
18.3
145.3
82.1
18.4
124.8
104.6
86.2
20.2
1,065.2
213.5
14.8
53.0
18.5
156.6
89.5
2,400.0
2,455.7
2,493.7
616.8
246.3
12.6
108.4
55.6
107.7
41.4
44.8
625.2
537.0
88.2
1,213.7
934.5
215.5
63.8
607.2
244.4
12.3
101.3
56.2
107.1
41.3
44.6
643.6
548.6
95.0
1,242.8
953.8
219.3
69.7
420.0
634.5
2,139.7
435.5
665.7
604.6
1,905.5
376.7
2,046.1
96.2
106.6
12.6
111.2
12.9
73.1
1,109.4
857.7
199.9
19.6
1,021.6
202.5
14.6
52.7
20.1
63.8
208.8
130.0
208.6
181.8
128.0
68.4
4.0
271.7
401.8
42.4
593.4
520.4
82.9
41.1
151.7
86.0
288.1
132.4
71.2
4.0
565.1
Farms
Real estate
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
117.0
Retail trade
Residential
505.8
39.8
47.8
388.8
29.4
51.8
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Other services
Health services
Legal services
Educational services
Other2
526.8
40.4
48.3
408.8
116.6
379.4
Services
365.1
51.7
28.1
19.2
64.5
206.4
126.1
197.8
414.8
442.1
113.6
12.9
134.9
304.9
135.9
74.3
4.0
2,232.1
462.5
121.9
13.0
145.9
6.0
1,455.3
27.5
Farms
Agricultural services, forestry, and fisheries
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
1990
1991
9,650.3 10,116.5 10,412.4 10,724.9
5,084.2
5,320.7
5,440.2
5,534.3
193.9
197.1
169.1
24.7
169.3
27.8
196.7
166.4
30.4
194.2
161.3
32.8
250.6
247.8
18.6
25.8
189.3
14.1
238.3
223.7
19.1
26.2
191.8
13.6
18.0
24.9
180.5
14.9
17.5
24.3
167.3
60.4
61.6
61.9
60.5
1,088.3
585.5
20.8
10.6
29.8
92.3
63.7
106.9
95.3
58.5
54.0
43.9
1,152.7
1,192.1
614.2
21.3
11.1
30.3
95.1
66.3
112.3
102.1
61.8
57.0
46.8
10.1
538.5
104.8
624.9
21.1
11.2
29.9
95.1
66.6
113.8
105.0
63.7
58.8
49.2
10.4
567.2
111.6
1,225.1
631.9
20.8
11.2
9.7
502.8
98.2
8.4
8.3
8.4
24.8
25.7
26.0
29.8
95.2
65.8
115.1
107.1
64.7
60.8
50.7
10.7
593.2
119.0
8.2
26.2
9.9
87.8
53.3
175.5
9.7
9.9
9.9
82.6
49.8
151.3
65.8
38.3
85.8
51.7
163.6
68.3
39.9
2.0
2.0
2.0
41.8
1.9
1,248.0
283.7
108.5
1,287.7
1,304.9
1,315.4
284.0
108.2
280.5
107.0
272.6
106.3
5.9
44.2
22.4
53.4
20.0
20.3
347.3
6.6
6.4
6.3
Communications
Telephone and telegraph
Radio and television
48.7
22.6
55.0
20.3
20.6
338.5
282.1
56.4
Electric, gas, and sanitary services
Electric services
Gas services
Sanitary services
638.6
500.5
101.9
36.3
49.9
23.3
55.5
20.5
20.3
332.0
278.8
53.2
671.7
524.5
106.6
40.7
Wholesale trade
233.6
Retail trade
342.2
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service .
14.5
74.3
45.4
140.4
64.0
35.7
51.5
23.3
53.0
20.7
20.0
325.7
278.3
47.4
Finance, insurance, and real estate
1992
69.6
685.9
531.3
110.7
44.0
286.9
60.3
695.5
534.7
113.1
47.7
243.3
250.1
255.5
365.0
379.1
399.3
1,198.3
1,272.2
1,309.9
1,343.1
243.8
59.5
265.4
64.5
278.8
66.6
8.1
8.0
7.7
285.2
70.2
7.6
100.9
2.8
860.2
16.2
5.9
124.9
5.9
1,275.6
27.3
1,353.1
27.8
804.4
852.2
123.1
30.4
131.1
34.0
231.2
158.3
74.9
129.1
32.1
224.7
150.9
15.1
19.8
41.3
239.1
129.7
25.5
5.4
78.5
251.3
137.9
26.9
5.7
80.9
25.8
42.9
263.6
147.2
27.7
6.0
82.6
40.9
42.3
43.1
16.0
4.1
43.5
7,009.9
7,386.6
7,703.6
8,068.0
Residential ....
4,566.1
4,795.8
4,972.1
5,190.6
155.8
6,854.1
159.8
7,226.9
163.1
7,540.5
165.3
7,902.7
Farms
Real estate
66.4
4,499.7
68.5
4,727.3
70.1
4,902.1
70.8
5,119.8
212.7
142.6
14.6
18.0
40.1
222.9
120.2
22.8
5.1
5.9
1,402.7
27.5
914.4
15.3
23.5
42.0
131.3
36.2
234.7
164.4
15.6
1. Estimates are as of the end of the year.
2. Consists of social services; museums, botanical, zoologicai gardens; mem bership organizations; engineering
and management services; and services, not elsewhere classified.
Fixed private capital ,
Nonresidential
Agriculture, forestry, and fisheries
113.4
41.5
1989
412.0
356.5
55.5
27.2
Wholesale trade
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
9,786.1 10,031.2
110.0
616.0
249.5
12.5
106.8
55.6
106.7
41.2
43.8
608.6
526.7
81.9
1,175.3
908.5
208.4
58.4
Finance, insurance, and real estate
1992
Holding and other investment offices .
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking ....
Miscellaneous repair services
Motion pictures
Amusement and recreation services ,
Other services
Health services
Legal services
Educational services
Other2
79.6
88.3
94.0
2.9
2.9
2.8
786.8
17.6
825.9
17.3
843.2
16.6
468.9
493.3
507.2
68.4
16.9
125.9
84.7
71.6
17.9
130.6
88.9
71.4
19.1
130.8
92.2
7.9
8.1
8.2
11.0
21.8
132.4
74.2
13.8
12.2
22.7
141.3
79.8
15.6
15.1
23.2
147.2
84.3
16.0
3.5
3.7
3.9
517.5
69.5
20.6
129.6
95.8
8.5
16.4
23.7
153.4
89.7
1. Estimates are as of the end of the year.
2. Consists of social services; museums, botanical, zoological gardens; mem bership organizations; engineering
and management services; and services, not elsewhere classified.
September 1993 •
SURVEY OF CURRENT BUSINESS
Table 3.—Constant-Cost Gross Stock of Fixed Private Capital,
Nonresidential and Residential, by Industry, 1989-92 '
Table 4.—Constant-Cost Net Stock of Fixed Private Capital,
Nonresidential and Residential, by Industry, 1989-921
[Billions of 1987 dollars]
[Billions of 1987 dollars]
1989
Fixed private capital .
Nonresidential ....
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
,
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Electric services
Gas services
Sanitary services
1990
1991
9,157.6
9,255.0
9,369.4
4,822.6
4,871.2
177.8
155.0
22.8
175.3
171.1
144.4
26.7
167.0
219.0
17.5
24.0
165.1
208.1
16.6
23.1
155.9
196.6
183.1
15.3
21.2
134.1
25.2
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
12.4
12.5
12.9
12.5
100.4
99.9
Construction
54.9
53.5
51.8
1,918.8
1,030.8
36.1
17.4
57.1
178.7
112.2
184.1
157.0
107.3
88.7
75.0
17.2
1,961.9
1,045.6
35.5
17.7
56.7
177.5
112.1
189.3
161.7
108.0
91.5
78.1
17.5
916.3
55.3
998.7
1,025.7
550.5
19.0
10.0
27.4
83.3
58.8
102.2
92.2
54.9
50.9
42.8
1,048.2
1,069.7
553.5
18.5
9.9
26.8
82.0
58.0
557.5
18.1
9.9
26.8
81.2
56.8
104.8
95.1
56.3
53.2
8,654.1
8,808.3
376.4
369.8
327.2
42.6
362.0
316.8
45.2
353.8
305.7
48.1
Agriculture, forestry, and fisheries
462.0
37.7
44.7
354.8
24.8
448.8
432.5
412.2
36.6
43.7
343.6
24.9
35.6
42.5
329.0
25.5
34.6
41.5
310.8
100.6
100.8
1,827.8
994.7
37.2
16.7
58.5
181.1
109.9
173.6
144.9
104.7
83.3
67.9
16.8
1,875.6
1,016.7
36.9
17.2
58.0
180.3
111.7
179.7
152.0
106.3
86.1
71.5
17.0
858.9
169.1
12.6
45.8
16.2
126.0
74.0
238.2
113.0
60.4
888.0
175.5
12.8
45.4
16.1
129.9
77.2
250.0
115.6
62.0
3.6
3.6
3.5
2,113.3
560.1
230.4
11.7
99.5
49.3
94.1
36.2
38.9
554.6
485.6
69.0
2,141.4
2,154.8
540.3
221.1
11.2
91.0
47.5
94.3
35.6
39.6
569.2
488.7
80.5
998.6
771.9
178.5
48.3
552.5
226.0
11.5
95.9
48.5
95.4
35.8
39.3
563.2
487.4
75.8
1,025.8
790.3
181.9
53.6
1,045.3
801.2
185.4
58.7
183.0
12.7
45.2
16.0
132.7
80.4
261.5
117.2
64.1
3.5
2,167.6
528.4
216.9
10.9
86.5
46.6
92.3
35.5
39.6
575.5
489.0
86.6
1,063.7
810.1
189.3
64.3
404.5
593.6
357.8
374.2
389.2
Retail trade
523.0
548.9
569.2
1,762.5
351.5
89.4
12.1
107.7
1,854.5
1,929.3
379.3
96.7
12.4
121.3
403.5
102.5
12.4
134.0
5.6
5.7
5.8
1,169.6
26.5
1,212.3
26.9
1,244.1
27.0
148.9
6.0
1,269.7
27.2
748.7
777.0
797.8
818.9
112.8
28.4
197.7
134.4
13.5
16.8
37.1
208.0
111.5
21.6
115.9
29.6
203.1
139.7
13.5
18.3
37.5
219.4
117.6
24.1
116.4
30.9
205.0
143.4
13.6
21.9
37.7
229.0
123.5
25.4
114.9
33.2
206.2
149.7
13.9
24.0
37.9
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Other services
Health services
Legal services
Educational services
Other2
1992
4,773.2
8,491.0
833.1
164.5
12.6
45.9
16.3
119.6
69.6
230.5
112.2
58.5
1991
8,980.3
Fixed private capital .
8,272.2
336.5
39.9
1990
4,672.9
14,886.3 15,245.2 15,519.0 15,798.4
Wholesale trade
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service ,
Real estate
Holding and other investment offices
1989
1992
63
1,995.9
421.4
110.1
12.6
239.0
130.0
26.7
5.5
Nonresidential
Farms
Agricultural services, forestry, and fisheries
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electric equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and miscellaneous plastics products
Leather and leather products
Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services
Communications
Telephone and telegraph
Radio and television
Electric, gas, and sanitary services
Electric services
Gas services
Sanitary services
540.3
19.1
9.7
27.6
84.1
58.5
99.6
88.5
53.7
49.7
41.0
8.9
458.3
89.5
7.7
22.6
8.9
67.3
42.0
127.5
58.4
32.7
1.8
150.3
25.0
9.0
475.3
92.4
7.4
22.7
8.9
71.8
45.0
133.2
58.2
34.0
1.8
1,139.5
261.6
100.2
6.2
47.6
21.4
49.3
18.4
1,148.8
255.6
98.2
5.9
44.8
20.4
50.1
17.9
18.5
18.3
306.1
303.1
258.4
44.7
574.9
450.1
91.0
33.8
256.9
49.2
587.1
456.7
93.2
37.3
16.0
22.0
145.7
103.0
93.8
55.8
51.9
44.6
9.1
494.7
138.4
28.6
45.9
9.3
142.5
59.8
34.9
1.7
512.2
102.4
7.1
22.4
8.6
74.6
48.0
151.1
60.3
36.1
1.7
1,145.7
1,143.7
246.6
96.3
5.6
41.0
19.5
48.6
17.5
238.1
94.6
5.3
37.8
18.8
46.3
17.2
18.0
309.2
254.4
54.9
97.0
7.3
22.5
8.7
73.7
46.6
18.2
307.1
255.7
51.5
592.0
456.3
95.3
40.4
596.4
454.8
97.8
43.8
Wholesale trade
220.3
226.5
231.6
Retail trade
317.0
331.7
340.5
237.3
356.5
1,108.4
227.9
55.3
7.8
76.5
2.8
721.1
16.9
1,152.1
1,179.1
1,198.6
242.6
58.4
7.6
84.7
2.8
739.6
16.5
253.6
60.0
7.4
91.8
2.8
747.6
15.9
258.3
63.4
7.2
100.8
436.9
450.1
456.3
62.7
15.8
117.0
80.0
7.3
64.3
16.6
117.8
82.4
7.3
11.3.
20.6
129.8
72.3
14.7
3.4
39.4
63.5
17.4
115.6
83.5
7.3
14.1
20.8
134.2
75.5
15.1
3.5
40,1
463.4
60.8
19.0
Finance, insurance, and real estate
Depository institutions
Nondepository institutions
Security and commodity brokers
Insurance carriers
Insurance agents, brokers, and service
Real estate
Holding and other investment offices
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and parking ...
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Other services
Health services
Legal services
Educational services
Other2
10.3
20.2
123.6
68.8
13.1
3.2
38.4
2.9
750.3
15.6
113.5
87.2
7.6
15.3
21.0
139.1
79.2
15.4
3.7
40.7
4.7
4.9
5.2
70.1
72.8
74.9
76.9
Residential ....
6,614.0
6,754.2
6,864.9
6,990.1
Residential ....
4,307.5
4,384.4
4,432.4
4,498.1
Farms
Real estate
147.3
6,466.7
146.4
6,607.8
144.7
6,720.2
142.6
6,847.5
Farms
Real estate
62.8
4,244.7
62.8
4,321.6
62.1
4,370.3
61.1
4,437.1
1. Estimates are as of the end of the year.
2. Consists of social services; museums, botanical, zoological gardens; mem bership organizations; engineering
and management services; and services, not elsewhere classified.
1. Estimates are as of the end of the year.
2. Consists of social services; museums, botanical, zoological gardens; mem bership organizations; engineering
and management services; and services, not elsewhere classified.
SURVEY OF CURRENT BUSINESS
64 • September
Table 5.—Current-Cost Gross Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization,
1989-92
[Billions of dollars]
Total
By major industry group
Farms
Yearend
1989
1990
1991
1992
Equipment
and
structures
Equipment
9,012.4
9,484.8
9,786.1
10,031.2
4,256.9
4,506.1
4,671.3
4,760.8
By legal form of organization
Nonfarm
nonmanufacturing
Manufacturing
Corporate
Noncorporate
Total
Structures
4 755.5
4,978.7
5,114.8
5,270.4
Equipment
and
structures
367.0
368.8
365.1
356.5
Equipment
157.9
156.6
152.8
143.2
Structures
209.1
212.2
212.3
213.3
Equipment
and
structures
Equipment
1,995.3
2,114.0
2,189.1
2,255.1
1,184.8
1,256.9
1,299.5
1,327.4
Structures
810.5
857.2
889.7
927.7
Equipment
and
structures
Equipment
Structures
6,650.1
7,001.9
7,231.9
7,419.5
2,914.3
3,092.6
3,219.1
3,290.1
3,735.8
3,909.3
4,012.8
4,129.4
Nonfinancial
Equipment
and
structures
Equipment
Structures
Equipment
and
structures
Equipment
Structures
Equipment
and
structures
6,818.1
7,189.0
7,430.6
7,622.8
3,518.8
3,732.7
3,873.1
3,951.9
3,299.3
3,456.3
3,557.5
3,670.9
6,220.6
6,529.4
6,727.0
6,879.8
3,143.1
3,315.6
3,427.4
3,481.3
3,077.5
3,213.9
3,299.7
3,398.6
2,194.3
2,295.7
2,355.5
2,408.4
Equipment
738.1
773 4
798.2
808.8
Structures
1,456.2
1,522.3
1,557.3
1,599.5
Table 6.—Current-Cost Net Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization,
1989-92
[Billions of dollars]
Yearend
1989
1990
1991
1992
Equipment
5,084.2
5,320.7
5,440.2
5,534.3
2,298.6
2,416.7
2,480.0
2,509.8
Nonfarm
nonmanufacturing
Manufacturing
Farms
Equipment
and
structures
By legal form of organization
By major industry group
Total
Corporate
Noncorporate
Nonfinancial
Total
Structures
2,785.6
? 90.4 0
2,960.3
3,024.6
Equipment
and
structures
169.1
169.3
166.4
161.3
Equipment
64.4
65.2
64.6
61.3
Structures
104.7
104.1
101.8
100.1
Equipment
and
structures
1,088.3
1,152.7
1,192.1
1,225.1
Equipment
Structures
473.0
499.8
516.4
534.7
615.3
652.9
675.7
690.4
Equipment
and
structures
Equipment
Structures
3,826.7
3,998.7
4,081.8
4,147.9
1,618.8
1,698.6
1,739.7
1,758.1
2,208.0
2,300.1
2,342.1
2,389.8
Equipment
and
structures
Equipment
Structures
Equipment
and
structures
3,834.1
4,021.2
4,121.4
4,198.7
1,901.9
2,004.5
2,060.1
2,087.8
1,932.2
2,016.7
2,061.3
2,110.9
3,442.9 1,662.1
3,595.2 1,744.3
3,674.6 1,788.9
3,735.5 M.808.0
Equipment
Structures
Equipment
and
structures
1,780.8
1,850.9
1,885.7
1,927.4
1,250.0
1,299.5
1,318.8
1,335.6
Equipment
Structures
853.4
887.3
898.9
913.7
396.6
412.3
419.8
422.0
Table 7.—Constant-Cost Gross Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization,
1989-92
[Billions of 1987 dollars]
By major industry group
Total
Manufacturing
Farms
Yearend
1989
1990
1991
1992
By legal form of organization
Nonfarm
nonmanufacturing
Corporate
Noncorporate
Nonfinancial
Total
Equipment
and
structures
Equipment
8,272.2
8,491.0
8,654.1
8,808.3
3,978.9
4,090.8
4,174.0
4,265.3
Structures
4.293.3
4,400.2
4,480.1
4,543.0
Equipment
and
structures
336.5
327.2
316.8
305.7
Equipment
145.7
137.8
128.9
120.3
Structures
190.8
189.4
187.9
185.5
Equipment
and
structures
Equipment
1,827.8
1,875.6
1,918.8
1,961.9
1,088.1
1,110.1
1,131.1
1,154.8
Structures
739.7
765.5
787.7
807.1
Equipment
and
structures
Equipment
Structures
6,107.9
6,288.2
6,418.4
6,540.7
2,745.1
2,843.0
2,914.0
2,990.2
3,362.8
3,445.3
3,504.5
3,550.5
Equipment
and
structures
Equipment
Structures
Equipment
and
structures
Equipment
Structures
Equipment
and
structures
6,259.6
6,436.6
6,573.4
6,705.1
3,290.2
3,390.2
3,466.6
3,548.9
2,969.4
3,046.4
3,106.8
3,156.1
5,698.1
5,826.6
5,920.9
6,012.5
2,931.2
2,996.7
3,042.2
3,093.1
2,767.0
2,829.9
2,878.7
2,919.3
2,012.6
2,054.4
2,080.7
2,103.3
Equipment
688.7
700.6
707.4
716.4
Structures
1,323.9
1,353.8
1,373.3
1,386.9
Table 8.—Constant-Cost Net Stock of Fixed Nonresidential Private Capital, by Major Industry Group and Legal Form of Organization,
1989-92
[Billions of 1987 dollars]
By major industry group
Total
Yearend
1989
1990
1991
1992
Nonfarm
nonmanufacturing
Manufacturing
Farms
By legal form of organization
Corporate
Noncorporate
Total
Equipment
and
structures
Equipment
4,672.9
4,773.2
4,822.6
4,871.2
2,154.9
2,202.4
2,224.5
2,259.8
Structures
2,518.0
2,570.9
2,598.1
2,611.4
Equipment
and
structures
155.0
150.3
144.4
138.4
Equipment
59.4
57.4
54.3
51.4
Structures
Equipment
and
structures
95.5
998.7
92.9 1,025.7
90.1 1,048.2
87.0 1,069.7
Equipment
567.0
579.3
590.9
604.5
Structures
431.6
446.4
457.3
465.3
Equipment
and
structures
Equipment
Structures
3,519.3
3,597.2
3,630.0
3,663.1
1,528.5
1,565.6
1,579.3
1,603.9
1,990.8
2,031.5
2,050.7
2,059.2
Nonfinancial
Equipment
and
structures
Equipment
Structures
Equipment
and
structures
Equipment
Structures
Equipment
and
structures
3,525.4
3,608.5
3,655.1
3,702.6
1,784.2
1,827.8
1,851.0
1,884.4
1,741.2
1,780.7
1,804.1
1,818.2
3,157.7
3,215.4
3,242.8
3,273.5
1,554.6
1,582.8
1,594.1
1,614.8
1,603.1
1,632.6
1,648.7
1,658.7
1,147.5
1,164.8
1,167.4
1,168.6
Equipment
370.7
374.6
373.4
375.4
Structures
776.7
790.2
794.0
793.2
SURVEY OF CURRENT BUSINESS
September 1993 •
6$
Table 9.—Current-Cost Gross Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group,
1989-92
[Billions of dollars]
By tenure groupl
By type of owner and legal form of organization
Private
Yearend
Owner-occupied
Government
Total
Tenant-occupied
Corporate
Total
Noncorporate
Total
1989
1990
1991
1992
7,177.9
7,562.8
7,887.1
8,258.2
7,009.9
7,386.6
7,703.6
8,068.0
Nonfinancial
91.8
94.8
96.9
99.6
91.8
94.8
96.9
99.6
6,918.1
7,291.9
7,606.7
7,968.4
Total
Federal
168.0
176.1
183.4
190.2
71.0
73.9
76.3
78.4
State and
local
97.0
102.2
107.1
111.7
Farm
145.7
149.5
152.7
154.7
Nonfarm
Farm
4,977.7
5,272.2
5,528.7
5,810.7
Nonfarm
21.3
21.7
21.8
22.1
1,992.3
2,077.1
2,141.2
2,226.8
Table 10.—Current-Cost Net Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group,
1989-92
[Billions of dollars]
By tenure groupl
By type of owner and legal form of organization
Private
Yearend
Owner-occupied
Government
Total
Tenant-occupied
Corporate
Noncorporate
Total
Nonfinancial
Total
1989
1990
1991
1992
4,678.5
4,912.6
5,092.9
5,314.8
4,566.1
4,795.8
4,972.1
5,190.6
52.3
53.7
54.4
55.4
52.3
53.7
54.4
55.4
4,513.8
4,742.1
4,917.7
5,135.2
Federal
Total
51.2
53.0
54.2
55.4
112.3
116.8
120.8
124.2
State and
local
61.1
63.9
66.5
68.9
Farm
62.7
64.7
66.2
66.9
Nonfarm
Nonfarm
Farm
3,370.3
3,560.1
3,713.5
3,895.5
7.5
7.7
7.7
7.8
1,219.6
1,261.2
1,286.8
1,325.5
Table 11.—Constant-Cost Gross Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group,
1989-92
[Billions of 1987 dollars]
By tenure group'
By type of owner and legal form of organization
Private
Yearend
Owner-occupied
Government
Total
Tenant-occupied
Corporate
Noncorporate
Total
Nonfinancial
Total
1989
1990
1991
1992
6,773.1
6,916.4
7,030.0
7,157.7
6,614.0
6,754.2
6,864.9
6,990.1
86.5
86.6
86.4
86.7
86.5
86.6
86.4
86.7
6,527.5
6,667.6
6,778.6
6,903.4
Total
Federal
159.0
162.1
165.1
167.7
67.6
68.8
69.8
70.5
State and
local
91.4
93.3
95.3
97.1
Farm
137.9
137.0
135.4
133.4
Nonfarm
Nonfarm
Farm
20.1
19.8
19.5
19.1
4,697.2
4,820.7
4,925.1
5,029.1
1,879.5
1,900.3
1,911.8
1,938.0
Table 12.—Constant-Cost Net Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group,
1989-92
[Billions of 1987 dollars]
By tenure groupl
By type of owner and legal form of organization
Private
Yearend
Owner-occupied
Government
Total
Tenant-occupied
Corporate
Noncorporate
Total
Total
1989
1990
1991
1992
4,413.0
4,491.3
4,540.6
4,607.2
4,307.5
4,384.4
4,432.4
4,498.1
49.3
49.1
48.5
48.2
Nonfinancial
49.3
49.1
48.5
48.2
4,258.2
4,335.3
4,383.9
4,449.9
Total
105.6
106.9
108.2
109.1
Federal
48.0
48.6
49.0
49.2
1. Excludes stocks of other nonfarm residential capital, which consists of dormitories, fraternity and sorority houses, nurses' homes, etc.
State and
local
57.6
58.3
59.2
59.9
Farm
59.3
59.3
58.7
57.7
Nonfarm
3,179.4
3,254.3
3,310.2
3,373.0
Farm
Nonfarm
7.1
7.0
6.9
6.8
1,149.9
1,153.4
1,148.1
1,153.2
SURVEY OF CURRENT BUSINESS
66 • September 1993
Table 13.—Current-Gost Gross Stock of Government-Owned Fixed Capital, 1989-92
[Billions of dollars]
Total
Excluding military
Total
Yearend
1989
1990
1991
1992
State and local
Federal
Equipment
and
structures
Equipment
Structures
Equipment
and
structures
4,516.2
4,728.9
4,882.9
5,089.3
873.0
952.1
1,018.5
1,079.7
3,643.3
3,776.8
3,864.4
4,009.6
3,698.7
3,848.4
3,962.7
4,120.1
Equipment
306.4
329.7
355.4
376.5
Structures
3,392.4
3,518.7
3,607.3
3,743.6
1,394.0
1,477.3
1,534.9
1,600.8
Equipment
665.8
724.8
770.1
814.2
Military
Excluding military
Total
Equipment
and
structures
Structures
Equipment
and
structures
728.1
752.5
764.9
786.7
576.5
596.8
614.7
631.6
Equipment
Structures
99.2
102.4
107.0
111.0
477.2
494.4
507.7
520.6
Equipment
and
structures
817.5
880.5
920.2
969.3
Equipment
566.6
622.4
663.1
703.2
Structures
250.9
258.1
257.2
266.0
Equipment
and
structures
3,122.3
3,251.6
3,348.0
3,488.5
Equipment
207.2
227.3
248.4
265.5
Structures
2,915.1
3,024.3
3,099.6
3,223.0
Table 14.—Current-Cost Net Stock of Government-Owned Fixed Capital, 1989-92
[Billions of dollars]
Total
Excluding military
Total
Yearend
1989
1990
1991
1992
Equipment
and
structures
Equipment
2,664.7
2,783.8
2,869.0
2,981.9
516.1
566.7
607.9
638.9
State and local
Federal
Structures
Equipment
and
structures
2,148.6
2,217.2
2,261.2
2,343.1
2,213.5
2,295.5
2,356.4
2,445.7
Equipment
176.1
192.0
206.8
218.0
Structures
2,037.3
2,103.5
2,149.7
2,227.7
789.3
837.1
869.7
901.4
Equipment
396.4
433.7
462.0
483.2
Military
Excluding military
Total
Equipment
and
structures
Structures
Equipment
and
structures
338.1
348.8
357.1
365.2
393.0
403.4
407.8
418.2
Equipment
Structures
281.7
289.8
296.3
302.9
56.4
59.0
60.8
62.3
Equipment
and
structures
451.2
488.3
512.6
536.2
Equipment
339.9
374.7
401.1
420.9
Structures
111.3
113.6
111.5
115.3
Equipment
and
structures
1,875.3
1,946.7
1,999.3
2,080.5
Equipment
119.7
133.0
145.9
155.7
Structures
1,755.6
1,813.8
1,853.4
1,924.8
Table 15.—Constant-Cost Gross Stock of Government-Owned Fixed Capital, 1989-92
[Billions of 1987 dollars]
Yearend
1989
1990
1991
1992
Equipment
and
structures
Equipment
837.1
880.0
919.1
959.0
4,204.4
4,308.9
4,411.3
4,519.2
State and local
Federal
Total
Excluding military
Total
Structures
Equipment
and
structures
3,367.3
3,428.9
3,492.2
3,560.2
3,418.4
3,495.2
3,577.4
3,666.6
Equipment
288.0
302.3
319.4
337.1
Structures
Equipment
and
structures
3,130.4
3,192.9
3,258.0
3,329.5
1,319.1
1,352.1
1,380.9
1,408.8
Equipment
642.0
671.7
697.9
724.6
Military
Excluding military
Total
Structures
Equipment
and
structures
677.1
680.4
683.0
684.2
533.1
538.4
547.1
556.2
Equipment
Structures
440.2
444.4
448.8
453.5
93.0
94.0
98.2
102.7
Equipment
and
structures
786.0
813.7
833.9
852.6
Equipment
549.0
577.7
599.7
621.9
Structures
236.9
236.0
234.2
230.7
Equipment
and
structures
2,885.3
2,956.8
3,030.3
3,110.4
Equipment
195.1
208.3
221.2
234.4
Structures
2,690.2
2,748.5
2,809.1
2,876.0
Table 16.—Constant-Cost Net Stock of Government-Owned Fixed Capital, 1989-92
[Billions of 1987 dollars]
Total
Yearend
1989 .
1990
1991
1992
Equipment
and
structures
Equipment
2,481.7
2,539.1
2,594.5
2,650.9
496.8
526.2
550.9
569.7
State and local
Federal
Excluding military
Total
Structures
Equipment
and
structures
1,984.9
2,012.9
2,043.6
2,081.2
2,045.6
2,085.4
2,128.5
2,177.3
Equipment
165.8
176.4
186.5
196.1
Structures
1,879.8
1,909.0
1,942.0
1,981.2
Excluding military
Total
Equipment
and
structures
748.5
768.3
784.2
795.9
Equipment
384.1
404.3
421.0
432.3
Structures
364.4
364.1
363.3
363.7
Equipment
and
structures
312.4
314.7
318.3
322.3
Equipment
53.1
54.5
56.5
58.7
Military
Structures
259.4
260.2
261.7
263.6
Equipment
and
structures
436.1
453.7
466.0
473.6
Equipment
331.0
349.8
364.4
373.6
Structures
105.1
103.9
101.5
100.0
Equipment
and
structures
1,733.2
1,770.7
1,810.2
1,855.0
Equipment
112.7
121.9
129.9
137.4
Structures
1,620.5
1,648.8
1,680.3
1,717.5
September 1993 •
SURVEY OF CURRENT BUSINESS
6j
Table 17.—Current-Cost Gross Stock of Durable Goods Owned by Consumers, by Type, 1989-92
[Billions of dollars]
l
Motor vehicles
Yearend
Total
Autos
1989
1990
1991
1992
3,822.7
4.074.5
4,340.3
4,607.9
Other
323.8
354.6
379.8
406.4
1,394.8
1,471.7
1,571.0
1,687.1
Other
Furniture and household equipment
Furniture,
including
mattresses
and
bedsprings
Kitchen and
other
household
appliances2
China,
glassware,
tableware,
and utensils
411.0
433.1
453.0
485.7
227.1
231.4
239.5
250.7
150.4
160.2
172.5
179.5
Other durable
house
furnishings3
312.9
337.9
358.8
377.3
Video and
audio
products,
computing
equipment,
and musical
instruments
280.2
292.5
311.0
333.5
Jewelry and
watches
Ophthalmic
products and
orthopedic
appliances
Books and
maps
281.2
318.1
347.3
355.1
52.0
57.6
62.3
65.2
128.8
141.1
152.1
163.4
Wheel goods,
sports and
photographic
equipment,
boats, and
pleasure
aircraft
260.5
276.3
293.1
304.0
Table 18.—Current-Cost Net Stock of Durable Goods Owned by Consumers, by Type, 1989-92
[Billions of dollars]
l
Motor vehicles
Yearend
Total
Autos
1989
1990
1991
1992
1,929.6
2,047.1
2,141.9
2,232.1
Other
181.6
195.6
203.3
214.7
588.5
615.6
632.5
647.1
Other
Furniture and household equipment
Furniture,
including
mattresses
and
bedsprings
Kitchen and
other
household
appliances2
China,
glassware,
tableware,
and utensils
223.7
235.6
245.6
262.9
123.5
126.5
131.2
137.9
79.7
84.9
91.3
95.0
Other durable
house
furnishings3
170.7
184.5
194.5
203.6
Video and
audio
products,
computing
equipment,
and musical
instruments
168.0
175.0
186.2
199.5
Jewelry and
watches
Ophthalmic
products and
orthopedic
appliances
Books and
maps
155.9
174.0
187.0
188.9
27.8
30.8
32.6
33.5
69.3
76.3
82.2
88.5
Wheel goods,
sports and
photographic
equipment,
boats, and
pleasure
aircraft
140.9
148.3
155.5
160.3
Table 19—Constant-Cost Gross Stock of Durable Goods Owned by Consumers, by Type, 1989-92
[Billions of 1987 dollars]
Motor vehiclesl
Yearend
Total
Autos
1989
1990
1991
1992 .
3,626.7
3,790.3
3,951.7
4,146.6
Other
1,329.4
1,370.4
1,419.5
1,489.7
Other
Furniture and household equipment
308.6
330.2
343.1
358.8
Furniture,
including
mattresses
and
bedsprings
Kitchen and
other
household
appliances2
China,
glassware,
tableware,
and utensils
398.2
410.5
422.2
434.8
223.1
233.3
243.9
256.1
143.7
148.3
152.7
157.7
Other durable
house
furnishings3
292.7
306.6
318.4
331.2
Video and
audio
products,
computing
equipment,
and musical
instruments
Jewelry and
watches
Ophthalmic
products and
orthopedic
appliances
285.1
319.7
360.8
406.7
243.9
252.9
259.8
266.4
47.0
50.0
51.7
52.6
Books and
maps
Wheel goods,
sports and
photographic
equipment,
boats, and
pleasure
aircraft
116.2
121.4
126.4
132.1
238.8
246.9
253.3
260.5
Books and
maps
Wheel goods,
sports and
photographic
equipment,
boats, and
pleasure
aircraft
62.5
65.7
68.4
71.6
129.1
132.5
134.4
137.4
Table 20.—Constant-Cost Net Stock of Durable Goods Owned by Consumers, by Type, 1989-92
[Billions of 1987 dollars]
Motor vehicles l
Yearend
Total
Autos
1989
1990
1991
1992
Furniture and household equipment
1,830.8
1,906.7
1,956.7
2,020.6
560.9
573.2
571.5
571.5
Other
173.1
182.2
183.7
189.6
Furniture,
including
mattresses
and
bedsprings
Kitchen and
other
household
appliances 2
China,
glassware,
tableware,
and utensils
216.8
223.4
228.9
235.3
121.3
127.5
133.6
140.9
76.1
78.6
80.8
83.5
1. Includes tires, tubes, accessories, and other parts.
2. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, air conditioners,
sewing machines, vacuum cleaners, and other appliances.
3. Includes such house furnishings asfloorcoverings, comforters, quilts, blankets, pillows, picture frames, mirrors,
art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools.
Other durable
house
furnishings3
159.7
167.4
172.5
178.7
Other
Video and
audio
products,
computing
equipment,
and musical
instruments
Jewelry and
watches
170.9
191.2
216.0
243.3
135.2
138.3
139.9
141.7
Ophthalmic
products and
orthopedic
appliances
25.1
26.7
27.1
27.0
SURVEY OF CURRENT BUSINESS
68 • September 1993
Table 21.—Current-Cost Gross Stock of Fixed Reproducible Tangible
Wealth, 1925-92
Table 22.—Current-Cost Net Stock of Fixed Reproducible Tangible
Wealth, 1925-92
[Billions of dollars]
[Billions of dollars]
Fixed private capital
Yearend
Government-owned fixed
Nonresidential
Total
Total
Total
Equipment
Structures
Residential
Total
Federal
and
local
Durable
goods
owned
by consumers
Government-owned fixed
Fixed private capital
Yearend
Nonresidential
Total
Total
Total
Equipment
Structures
Residential
Total
Federal
8.4
8.1
7.8
7.5
7.2
6.7
5.9
5.8
6.8
7.8
8.8
and
local
Durable
goods
owned
by consumers
26.7
27.7
28.8
29.7
30.2
32.7
34.8
36.5
37.9
38.8
29.6
26.8
26.8
31.2
33.9
36.6
32.2
28.1
27.0
26.7
10.9
11.1
11.6
12.3
35.4
38.8
40.2
41.2
42.6
26.4
27.7
29.4
29.2
30.1
60.1
77.4
113.2
154.7
181.5
14.3
23.9
53.1
94.4
123.6
45.8
53.5
60.1
60.2
57.9
33.2
37.9
41.7
44.9
46.1
136.0
160.3
190.5
210.7
223.3
200.5
199.0
198.9
193.8
182.5
141.0
131.1
119.4
108.5
97.3
59.5
67.8
79.5
85.3
85.1
46.2
53.2
65.1
76.3
86.6
133.9
146.7
154.3
159.8
165.8
249.3
273.1
288.2
300.7
317.9
188.2
205.1
220.5
231.1
242.3
95.1
99.7
109.7
120.4
125.8
93.2
105.3
110.7
110.7
116.5
108.2
124.4
134.0
143.0
147.1
141.4
158.2
171.8
177.7
186.2
180.6
199.9
211.2
217.4
225.5
342.5
361.8
375.6
389.0
408.8
262.8
286.9
300.6
310.3
318.5
134.1
142.7
146.7
149.3
152.1
128.7
144.1
153.9
161.0
166.4
157.3
171.9
176.2
182.0
189.0
423.5
435.7
453.4
472.9
500.4
192.4
196.0
203.5
212.5
225.3
231.1
239.7
249.9
260.4
275.1
426.0
442.4
460.4
474.1
505.6
328.1
342.7
362.3
379.7
395.4
154.4
158.8
164.6
168.3
170.7
173.8
183.8
197.7
211.4
224.7
193.7
196.8
202.3
212.8
223.7
1,074.7
1,175.5
1,258.1
1,403.2
1,548.3
542.3
598.7
649.4
719.3
796.3
244.0
272.3
300.0
330.7
361.4
298.2
326.4
349.4
388.6
435.0
532.5
576.9
608.7
683.9
752.0
419.4
456.6
491.6
539.4
595.4
174.5
184.8
193.7
206.3
219.9
244.9
271.8
297.9
333.1
375.6
236.1
258.5
283.2
314.2
343.7
2,707.8
2,965.1
3,294.4
3,722.4
4,373.0
1,673.8
1,854.6
2,110.5
2,408.3
2,794.3
878.8
967.7
1,076.4
1,223.1
1,459.5
396.2
425.6
458.3
512.7
635.6
482.6 795.0 661.6
542.1 886.8 716.8
618.1 1,034.0 759.2
710.4 1,185.2 843.6
823.9 1,334.8 1,034.6
235.2
244.3
241.5
252.8
285.1
426.4
472.5
517.7
590.8
749.5
372.4
393.7
424.7
470.5
544.2
1975
1976
1977
1978
1979
4,773.7
5,192.1
5,820.9
6,694.3
7,682.0
3,101.5
3,415.4
3,872.6
4,462.0
5,132.7
1,638.0 731.2 906.9
1,784.5 805.7 978.8
1,981.4 900.9 1,080.5
2,250.8 1,024.9 1,225.9
2,585.6 1,178.4 1,407.2
1,463.4
1,630.9
1,891.2
2,211.2
2,547.1
1,076.5
1,124.0
1,222.7
1,417.2
1,624.9
298.1 778.3
317.1 807.0
338.0 884.7
372.7 1,044.5
415.0 1,209.9
595.7
652.8
725.5
815.2
924.4
2,978.7 885.0 2,093.7 1,963.3
3,141.4 968.0 2,173.4 2,141.7
3,237.1 1,018.0 2,219.1 2,284.9
3,368.0 1,066.6 2,301.5 2,432.5
3,568.4 1,119.3 2,449.0 2,608.2
1980
1981
1982
1983
1984
8,619.0
9,373.7
9,792.1
10,172.1
10,734.4
5,814.2
6,412.9
6,737.3
6,987.0
7,348.0
2,974.2
3,363.3
3,589.0
3,707.1
3,899.4
1,359.8
1,539.6
1,637.1
1,687.6
1,765.6
1,614.5
1,823.8
1,951.9
2,019.5
2,133.8
2,840.0
3,049.6
3,148.3
3,279.9
3,448.6
1,790.5
1,874.5
1,921.1
1,991.3
2,104,9
464.2
508.5
537.1
567.8
600.7
1,326.3
1,366.1
1,384.0
1,423.5
1,504.3
1,014.3
1,086.2
1,133.7
1,193.8
1,281.5
3,771.9
3,916.4
4 083 5
4,305.9
4,516.2
2,811.1
3,050.5
3,303.3
3,581.7
3,822.7
1985
1986
1987
1988
1989
11,367.3
12,062.7
12,802.9
13,458.4
14,244.6
7,751.8
8,224.3
8,729.1
9,108.3
9,650.3
4,112.7
4,322.2
4,515.9
4,810.3
5,084.2
1,851.8
1,968.6
2,053.1
2,173.9
2,298.6
2,260.8
2,353.6
2,462.8
2,636.4
2,785.6
3,639.1
3,902.1
4,213.2
4,298.0
4,566.1
2,224.5
2,310.9
2,414.3
2,541.8
2,664.7
640.7
677.6
711.8
745.8
789.3
1,583.8
1,633.3
1,702.5
1,796.0
1,875.3
1,391.1
1,527.5
1,659.5
1,808.4
1,929.6
25,674.8 16,871.4 9,484.8 4,506.1 4,978.7 7,386.6 4,728.9 1,477.3 3,251.6 4,074.5
26,713.0 17,489.7 9,786.1 4,671.3 5,114.8 7,703.6 4,882.9 1,534.9 3,348.0 4,340.3
27,796.3 18,099.2 10,031.2 4,760.8 5,270.4 8,068.0 5,089.3 1,600.8 3,488.5 4,607.9
1990
1991
1992
14,947.4 10,116.5
15,423.3 10,412.4
15,938.9 10,724.9
1925
1926
1927
1928
1929
419.9
434.6
446.1
460.9
466.8
311.0
321.5
328.8
339.7
343.8
181.4
186.8
190.7
193.4
193.1
54.5
57.0
58.5
59.5
60.1
126.8
129.8
132.2
133.9
133.1
129.6
134.7
138.2
146.3
150.7
48.4
49.8
51.1
52.4
52.8
11.9
11.9
11.7
11.6
11.4
36.5
37.9
39.4
40.8
41.5
60.5
63.3
66.1
68.8
70.2
1925
1926
1927
1928
1929
250.7
260.2
267.1
275.9
279.4
182.8
189.5
194.1
200.8
203.2
99.8
102.8
104.7
105.9
106.0
29.4
30.8
31.4
31.8
32.3
70.3
71.9
73.3
74.1
73.7
83.0
86.8
89.4
94.8
97.3
35.1
35.8
36.5
37.2
37.4
1930
1931
1932
1933
1934
445.5
399.1
368.4
382.1
397.0
327.0
291.6
266.4
272.8
281.5
183.2
166.4
155.0
156.0
159.0
58.1
54.5
51.4
50.8
51.3
125.1
111.9
103.6
105.2
107.7
143.8
125.2
111.5
116.9
122.5
51.3
46.6
46.6
54.3
60.1
10.7
10.9
12.4
40.6
36.9
37.0
43.4
47.6
67.3
60.9
55.4
54.9
55.5
1930
1931
1932
1933
1934
264.5
232.9
210.4
214.9
220.5
191.7
168.0
149.6
150.0
152.2
99.7
88.8
80.1
78.2
78.0
30.8
27.9
24.9
23.5
23.1
69.0
60.8
55.1
54.6
54.8
91.9
79.2
69.5
71.8
74.2
36.2
32.8
32.7
37.9
41.6
1935
1936
1937
1938
1939
405.0
435.0
460.5
465.3
475.5
285.7
305.9
326.2
328.9
334.9
161.4
170.8
180.2
178.9
180.2
51.0
52.7
55.7
55.7
56.1
110.4
118.2
124.5
123.1
124.1
124.3
135.0
146.0
150.0
154.7
64.2
72.2
75.4
77.8
81.1
13.9
16.7
17.4
18.3
19.5
50.4
55.4
58.0
59.6
61.6
55.1
56.9
59.0
58.6
59.5
1935
1936
1937
1938
1939
223.1
240.0
253.9
255.3
260.8
152.4
162.5
173.2
173.3
175.8
78.0
82.3
87.2
85.7
85.7
22.8
24.0
26.3
26.3
26.7
55.2
58.3
60.9
59.4
59.1
74.5
80.2
86.0
87.7
90.0
44.2
49.7
51.3
52.8
54.9
1940
1941
1942
1943
1944
509.3
576.9
661.5
750.2
824.9
356.2
388.7
415.8
436.9
458.4
189.0
205.6
218.7
223.7
228.2
59.2
64.5
66.9
67.5
68.6
129.8
141.1
151.7
156.2
159.6
167.2
183.1
197.1
213.2
230.2
89.1
112.9
159.9
217.3
265.6
22.5
34.6
70.8
126.2
176.1
66.6
78.3
89.1
91.1
89.5
64.1
75.2
85.8
96.0
101.0
1940
1941
1942
1943
1944
280.4
320.1
371.4
424.0
461.0
187.1
204.9
216.5
224.5
233.4
90.1
98.9
103.6
104.1
105.4
28.9
32.7
33.4
33.0
33.7
61.2
66.2
70.2
71.1
71.6
97.0
106.0
112.9
120.4
128.1
1945
1946
1947
1948
1949
913.0
1,038.4
1,177.1
1,249.0
1,280.7
496.4
589.5
695.0
757.9
792.0
248.7
299.0
353.7
386.3
402.4
75.3
89.9
107.8
125.6
138.9
173.4
209.1
245.8
260.7
263.4
247.7
290.6
341.4
371.6
389.7
313.8
335.1
346.9
337.1
319.5
219.8
226.2
218.2
198.5
181.0
94.0
108.9
128.7
138.6
138.6
102.8
113.7
135.2
154.0
169.1
1945
1946
1947
1948
1949
498.1
554.3
627.0
674.3
697.5
251.4
302.1
363.0
404.3
428.4
115.4
141.8
172.5
193.6
205.2
38.4
47.7
60.6
73.4
82.2
77.1
94.1
111.9
120.2
122.9
1950
1951
1952
1953
1954
1,392.6
1,524.9
1,608.3
1,668.3
1,738.6
868.3
946.4
993.8
1,031.4
1,075.6
441.1
483.4
509.1
529.7
549.5
158.3
178.4
192.8
207.9
221.3
282.9
305.1
316.3
321.8
328.2
427.1
462.9
484.7
501.6
526.0
323.9
351.9
370.2
379.4
395.4
172.6
181.2
190.9
200.5
208.3
151.3
170.8
179.3
179.0
187.2
200.4
226.6
244.3
257.5
267.6
1950
1951
1952
1953
1954
774.1
856.0
911.5
957.4
1,002.3
477.7
526.5
557.0
583.4
612.9
228.4
253.5
268.8
282.7
295.0
94.6
106.8
114.5
122.9
129.2
1955
1956
1957
1958
1959
1,866.0
2,023.7
2,117.1
2,191.9
2,278.1
1,155.1
1,241.8
1,300.8
1,341.1
1,394.7
594.8
654.3
693.9
715.5
742.7
243.2
272.9
297.3
311.8
328.8
351.5
381.4
396.6
403.6
413.9
560.4
587.5
606.9
625.6
651.9
427.4
468.7
491.4
505.8
520.4
221.9
239.7
248.0
252.4
259.4
205.4
229.1
243.4
253.4
261.0
283.5
313.1
324.9
345.1
363.1
1955
1956
1957
1958
1959
1,084.6
1,178.7
1,235.3
1,276.4
1,328.0
664.5
719.9
758.6
784.1
820.5
322.0
358.1
383.0
395.2
411.7
1960
1961
1962
1963
1964
2,350.8
2,430.1
2,529.6
2,624.4
2,755.2
1,436.8
1,480.0
1,532.6
1,579.4
1,666.0
761.0
780.9
808.2
838.5
879.9
341.7
350.9
365.1
381.5
402.6
419.2
430.0
443.2
457.0
477.3
675.9
699.1
724.3
740.9
786.0
538.5
562.6
596.9
626.1
654.5
266.9
276.5
290.4
300.0
309.8
271.6
286.1
306.5
326.1
344.7
375.5
387.4
400.2
419.0
434.8
1960
1961
1962
1963
1964
1,371.3
1,417.6
1,478.5
1,539.5
1,625.1
849.5
878.2
913.8
947.0
1,006.0
1965
1966
1967
1968
1969
2,909.6
3,148.0
3,368.2
3,710.2
4,067.4
1,764.5
1,914.5
2,042.0
2,265.9
2,487.9
941.1
1,024.4
1,104.0
1,215.0
1,334.9
431.1
474.2
519.5
570.1
619.1
510.0 823.4
550.2 890.1
584.5 938.0
644.9 1,050.9
715.8 1,153.0
696.1
752.7
805.6
873.2
957.9
322.7
340.8
357.2
375.0
398.1
373.4
411.9
448.4
498.2
559.8
449.0
480.9
520.5
571.2
621.6
1965
1966
1967
1968
1969
1,730.2
1,890.7
2,033.0
2,256.8
2,487.5
1970
1971
1972
1973
1974
4,428.2
4,847.4
5,367.8
6,044.9
7,127.2
2,689.0
2,973.9
3,367.5
3,827.1
4,456.7
1,469.6 679.5 790.1 1,219.4 1,059.6
1,619.0 734.0 885.0 1,354.9 1,151.2
1,797.2 791.4 1,005.8 1,570.3 1,222.3
2,035.1 879.1 1,156.0 1,792.0 1,359.4
2,435.8 1,089.7 1,346.1 2,020.9 1,664.8
424.1 635.5 679.7
446.2 704.9 722.4
448.1 774.2 778.0
472.3 887.0 858.4
533.8 1,131.0 1,005.6
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
7,843.4
8,577.0
9,622.8
11,056.1
12,683.5
4,978.7
5,502.8
6,236.7
7,169.2
8,233.9
2,754.6
3,023.4
3,371.6
3,832.1
4,397.2
1,264.5
1,405.3
1,576.6
1,791 R
2,057.5
1,490.1
1,618.1
1,794.9
2,040.3
2,339.7
2,224 1
2,479.4
2,865.1
3,337.1
3,836.7
1,745.6
1,840.4
2,014.3
? 345.5
2,691.9
1 1191
1,233.8
1,371.8
1,541.5
1,757.7
1980
1981
1982
1983
1984
14,306.0
15,670.2
16,526.5
17,277.1
18,259.0
9,364.1
10,387.1
11,004.6
11,476.5
12,082.5
5,072.1
5,755.3
6,186.1
6,442.8
6,786.9
2,388.7
2,723.3
2,939.0
3,066.6
3,213.7
2,683.4
3,031.9
3,247.1
3,376.2
3,573.2
4,292.0
4,631.8
4,818.5
5,033.7
5,295.6
1985
1986
1987
1988
1989
19,329.7
20,502.6
21,774.4
22,965.5
24,361.2
12,746.6
13,535.7
14,387.6
15,077.9
16,022.3
7,156.4
7,550.1
7,930.6
8,488.0
9,012.4
3,373.6
3,599.2
3,775.0
4,009.9
4,256.9
3,782.8
3,950.9
4,155 R
4,478.2
4,755.5
5,590.2
5,985.6
6,457.0
6,589.9
7,009.9
1990
1991
1992
9.7
9.6
563.9
607.6
651.9
722.7
797.9
1,176.1
1,226.7
1,269.4
1,324.5
1,394.0
1,181.7
1,232.8
1,362.4
1,622.8
1,894.0
2,595.8
2,689.7
2,814.1
2,981.4
3,122.3
5,320.7 2,416.7 2,904.0 4,795.8 2,783.8
5,440.2 2,480.0 2,960.3 4,972.1 2,869.0
5,534.3 2,509.8 3,024.6 5,190.6 2,981.9
837.1 1,946.7 2,047.1
869.7 1,999.3 2,141.9
901.4 2,080.5 2,232.1
September 1993
SURVEY OF CURRENT BUSINESS
•
69
Table 23.—Constant-Cost Gross Stock of Fixed Reproducible Tangible
Wealth, 1925-92
Table 24.—Constant-Cost Net Stock of Fixed Reproducible Tangible
Wealth, 1925-92
[Billions of 1987 dollars]
[Billions of 1987 dollars]
Government-owned fixed
Fixed private capital
Yearend
Nonresidential
Total
Total
Total
Equipment
Structures
Residential
Total
Federal
State
and
local
Durable
goods
owned
by consumers
Government-owned fixed
Fixed private capital
Yearend
Nonresidential
Total
Total
Total
Equipment
Structures
Residential
Total
Federal
State
and
local
Durable
goods
owned
by consumers
1925
1926
1927
1928
1929
4,052.9
4,197.2
4,331.6
4,460.2
4,585.3
3,338.3
3,448.4
3,546.9
3,638.5
3,724.8
1,913.7
1,968.3
2,015.4
2,059.9
2,114.0
492.1
508.2
518.6
529.2
545.0
1,421.7
1,460.1
1,496.8
1,530.7
1,569.0
1,424.5
1,480.1
1,531.5
1,578.7
1,610.8
455.0
474.8
497.1
520.3
543.7
124.1
125.0
125.8
126.3
127.0
330.9
349.8
371.3
394.0
416.7
259.6
274.1
287.6
301.4
316.8
1925
1926
1927
1928
1929
2,429.7
2,522.4
2,605.2
2,681.1
2,752.3
1,964.3
2,035.5
2,096.6
2,150.2
2,197.7
1,052.1
1,082.0
1,106.1
1,127.5
1,158.2
263.6
272.1
275.8
279.7
288.9
788.5 912.2
809.9 953.5
830.3 990.5
847.8 1,022.7
869.3 1,039.4
325.1
336.6
350.4
365.1
379.9
87.7
85.5
83.3
81.3
79.9
237.4
251.1
267.1
2837
300.0
140.2
150.3
158.3
165.9
1747
1930
1931
1932
1933
1934
4,672.2
4,717.7
4,717.0
4,698.8
4,691.6
3,775.7
3,788.7
3,767.2
3,736.4
3,711.7
2,149.4
2,151.4
2,129.1
2,099.5
2,074.5
552.0
546.7
532.4
516.5
504.0
1,597.4
1,604.7
1,596.6
1,583.1
1,570.6
1,626.3
1,637.2
1,638.1
1,636.8
1,637.2
572.0
601.6
626.4
644.5
667.6
128.5
131.1
135.1
141.1
148.7
443.5
470.5
491.3
503.4
518.9
324.5
327.5
323.5
317.9
312.3
1930
1931
1932
1933
1934
2,785.4
2,779.0
2,730.3
2,669.7
2,625 7
2,210.4
2,187.2
2,131.6
2,071.0
2,021.0
1,170.9
1,151.7
1,109.9
1,065.0
1,028.7
289.0
277.6
257.9
239.0
226.3
881.9
874.0
852.1
826.0
802.5
1,039.6
1,035.6
1,0217
1,006.0
992.2
399.4
419.6
434.7
442.3
454.5
79.3
79.9
81.9
85.4
90.3
320.1
339.8
352.8
356.9
364.3
175.5
172.2
164.0
156.3
150.2
1935
1936
1937
1938
1939
4,698.5
4,741.7
4,792.3
4,822.8
4,874.4
3,697.4
3,702.9
3,719.4
3,716.6
3,723.9
2,054.7
2,048.3
2,051.3
2,035.4
2,021.8
496.0
496.5
501.2
494.9
491.4
1,558.7
1,551.9
1,550.1
1,540.5
1,530.3
1,642.7
1,654.6
1,668.0
1,681.3
1,702.1
691.8
728.3
759.1
794.1
834.7
158.9
168.8
177.9
187.1
196.8
532.9
559.5
581.2
607.0
637.9
309.2
310.5
313.8
312.1
315.9
1935
1936
1937
1938
1939
2,601.1
2,616.2
2,639.1
2,641.7
2,666.8
1,985.5
1,973.0
1,972.8
1,954.5
1,948.4
1,001.4
990.3
990.1
971.9
958.0
220.3
224.1
232.6
229.5
229.8
781.0
766.3
757.5
742.4
728.2
984.2
982.7
9827
982.6
990.4
467.6
492.3
5107
532.6
559.5
97.3
103.9
109.3
114.3
119.7
370.2
388.4
401.4
418.3
439.9
148.0
150.9
155.5
154.5
158.8
1940
1941
1942
1943
1944
4,943.2
5,093.7
5,357.4
5,716.8
6,025.7
3,745.5
3,780.5
3,768.2
3,736.5
3,717.5
2,020.0
2,028.9
2,010.7
1,982.4
1,968.4
496.8
508.3
507.2
503.6
509.2
1,523.2
1,520.6
1,503.5
1,478.8
1,459.2
1,725.5 873.1 212.2
1,751.6 974.5 297.7
1,757.5 1,245.8 561.5
1,754.1 1,635.0 949.3
1,749.1 1,962.9 1,276.9
660.9
676.8
684.3
685.7
686.0
324.6
338.8
343.4
345.3
345.3
1940
1941
1942
1943
1944
2,708.5
2,811.6
2,997.5
3,229.5
3,372.5
1,957.7
1,980.8
1,953.5
1,909.4
1,879.6
956.9
967.1
947.0
918.8
906.0
238.4
252.6
250.4
245.8
251.1
718.6 1,000.8 5837
714.5 1,013.7 662.0
696.6 1,006.5 878.4
673.0 990.6 1,159.7
654.8 973.6 1,337.9
130.2
202.3
420.9
710.2
897.1
453.4
459.7
457.6
449.6
4407
167.0
168.8
165.6
160.4
155.1
1945 .......
1946
1947
1948
1949
6,202.8
6,159.4
6,159.5
6,180.6
6,253.3
3,725.3
3,807.7
3,914.6
4,044.2
4,150.8
1,979.3
2,024.5
2,079.4
2,141.8
2,189.9
532.0
566.4
617.6
670.0
709.4
1,447.3
1,458.1
1,461.7
1,471.8
1,480.4
1,746.0
1,783.1
1,835.3
1,902.4
1,960.9
2,130.1 1,443.3
1,982.4 1,288.4
1,844.1 1,133.5
1,702.0 971.4
1,632.6 878.6
686.8
694.0
710.6
730.6
753.9
347.4
369.4
400.8
434.4
470.0
1945
1946
1947
1948
1949
3,387.2
3,295.5
3,291.7
3,349.7
3,420.0
1,876.8
1,944.7
2,037.9
2,148.5
2,232.8
917.9
960.4
1,013.3
1,069.8
1,109.0
273.1
302.1
3467
390.0
416.9
644.8 958.9 1,357.5
658.3 984.3 1,182.4
666.6 1,024.5 1,064.0
679.8 1,0787 988.4
692.1 1,123.7 949.1
924.8
751.4
625.6
539.5
486.1
4327
431.0
438.4
448.9
463.0
152.9
168.4
189.9
212.8
238.0
1950
1951
1952
1953
1954
6,375.0
6,568.0
6,790.5
7,024.3
7,261.2
4,295.4
4,430.3
4,560.2
4,699.2
4,837.3
2,250.2
2,316.6
2,381.4
2,452.7
2,516.9
756 0
806.3
854.8
904.8
946.4
1,494.1
1,510.3
1,526.6
1,547.9
1,570.4
? f)4fi 3
2,113.8
2,178.8
2,246.5
2,320.5
1,569.4
1,593.1
1,653.6
1,717.0
1,780.2
789.0
785.0
817.1
849.7
875.1
780.5
808.1
836.5
867.3
905.2
510.1
544.6
576.7
608.2
643.6
1950
1951
1952
1953
1954
3,555.5
3,696.5
3,858.4
4,037.5
4,197.2
2,349.4
2,452.9
2,546.3
2,647.1
2,746.0
1,155.5
1,205.7
1,250.1
1,300.0
1,342.5
447.4
478.3
504.0
530.6
548.4
708.2
727.4
746.1
769.3
794.0
1,193.8 934.3
1,247.2 947.3
1,296.2 998.3
1,347.2 1,055.0
1,403.6 1,099.7
454.1
449.3
482.3
518.9
536.9
480.1
498.0
516.1
536.2
562.8
271.9
296.4
313.7
335.3
351.4
1955
1956
1957 .......
1958
1959
7,524.4
7,781.1
8,024.9
8,248.4
8,518.3
5,000.2
5,163.8
5,317.2
5,448.5
5,612.7
2,591.2
2,675.0
2,754.6
2,809.9
2,876.3
993.2
1,041.5
1,085.8
1,111.4
1,144.4
1,598.0
1,633.5
1,668.7
1,698.4
1,731.9
2,409.0
2,488.7
2,562.7
2,638.7
2,736.4
1,838.3
1,891.5
1,947.5
2,011.9
2,086.6
892.0 946.3
903.0 988.5
914.2 1,033.3
930.8 1,081.1
956.2 1,130.4
686.0
725.8
760.2
788.0
818.9
1955 .......
1956
1957
1958
1959
4,385.3
4,551.4
4,708.2
4,843.4
5,017.9
2,868.0
2,988.4
3,098.4
3,186.3
3,304.9
1,394.3
1,454.9
1,511.3
1,544.7
1,588.2
572.6
598.0
620.8
626.9
641.0
821.6
856.9
890.5
917.8
947.2
1,473.7
1,533.6
1,587.1
1,641.6
1,716.7
1,139.2
1,167.5
1,200.9
1,243.9
1,288.6
547.1
545.7
547.5
556.4
566.4
592.1
6217
653.4
687.5
722.2
378.1
395.5
408.9
413.2
424.4
1960
1961
1962
1963
1964
8,781.3
9,038.7
9,329.0
9,640.8
9,979.1
5,773.1
5,930.4
6,105.1
6,300.9
6,518.0
2,948.1
3,017.7
3,097.4
3,183.4
3,290.4
1,176.5
1,203.8
1,238 5
1,278.2
1,329.3
1,771.6
1,813.8
1,858.9
1,905.2
1,961.1
2,825.0
2,912.7
3,007.7
3,117.5
3,227.6
2,160.6
2,237.9
2,323.3
2,404.6
2,487.4
980.8
1,004.8
1 035 1
1,057.2
1,076.8
1,179.7
1,233.1
1,288.2
1,347.4
1,410.6
847.6
870.4
900.5
935.2
973.7
1960
1961
1962
1963 .......
1964
5,184.3
5,346.4
5,533.6
5,745.3
5,977.2
3,418.5
3,527.0
3,651.4
3,792.9
3,951.3
1,637.1
1,682.6
1,738.1
1,797.2
1,874.5
655.5
666.1
684.4
707.1
740.1
981 R
10,164
1,053.7
1,0901
1,134.4
1,781.4
1,844.5
1,913.2
1,9957
2,076.9
1 330 5
1,378.9
1,428.4
1478 8
1,526.7
573.8
584.2
594.8
602.3
603.9
756.7
7947
833.6
876.6
922.7
435.3
440.5
453.8
473.5
499.2
1965
1966
1967
1968
1969
10.371.1
10,784.0
11,184.3
11,621.4
12,067.5
6,774.3
7,037.8
7,290.9
7,568.4
7,858.8
3,431.3
3,591.4
3,744.6
3,906.1
4,082.1
1,399.4
1,484.5
1,565.4
1,653.1
1,749.7
2,031.9
2,106.9
2,179.2
2,253.0
2,332.4
3,343.1
3,446.4
3,546.3
3,662.3
3,776.7
2,572.7
2,666.1
2,758.1
2,844.9
2,929.1
1,094.8
1,116.2
1,129.6
1,133.8
1,141.0
1,477.9
1,550.0
1,628.5
1,711.1
1,788.0
1.024.0
1,080.1
1,135.4
1,208.1
1,279.6
1965
1966
1967 .......
1968
1969 .......
6,256.1
6,555.7
6,831.4
7,139.1
7,439.9
4,143.8
4,336.6
4,511.5
4,703.8
4,902.1
1,981.4 790.0
2,102.5 851.2
2,209.9 904.1
2,320.3 960.0
2,439.3 1,021.0
1,191.4
1,251.4
1,305.9
1,360.3
1,418.3
2,162.3
2,234.1
2,301.6
2,383.5
2,462.8
1,576.4
1,641.5
1,705.7
1,774.6
1,834.0
604.3
615.8
621.0
628.5
632.6
972.1
1,025.7
1,084.7
1,146.1
1,201.4
535.9
577.5
614.2
660.7
703.8
1970
1971
1972
1973
1974
12,476.2
12,923.7
13,401.3
13,934.7
14,408.9
8,131.2
8,429.9
8,759.0
9,131.4
9,462.2
4,250.1
4,410.3
4,580.7
4,795.2
5,007.1
1,839.2
1,922.5
2,019.6
2,149.1
2,279.5
2,411.0
2,487.8
2,561.1
2,646.1
2,727.6
3,881.1
4,019.6
4178 3
4,336.2
4,455 ?
3,001.4
3,071.9
3,129.8
3,182.6
3,235.7
1,141.5
1,143.3
1,136.2
1,126.9
1,116.4
1,859.9
1,928.6
1,993.6
2,055.7
2,119.3
1,343.7
1,421.8
1,512.5
1,620.7
1 711 0
1970
1971
1972
1973
1974
7,690.6
7,958.9
8,255.9
8,598.9
8,865.3
5,074.2
5,266.9
5,486.7
5,741.4
5,943.7
2,543.6
2,635.5
2,735.7
2,873.9
3,000.7
1,070.5
1,112.0
1,165.3
1,247.8
1,325.3
1,473.1
1,523.5
1,570.4
1,626.1
1,675.4
2,530.7
2,631.4
2,751.0
2,867.5
2,943.0
1,883.5
1,920.9
1,947.7
1,973.6
2,001.1
633.7
626.7
613.7
6037
5947
1,249.8
1,294.1
1,334.0
1,369.9
1,406.3
732.8
771.1
821.6
883.9
920.6
1975
1976
1977
1978
1979
14,816.3
15,266.6
15,785.9
16,372.5
16,963.4
9,725.6
10,020.4
10,378.4
10,792.2
11,220.3
5,170.6
5,334.7
5,527.2
5,762.4
6,021.7
2,373.4
2,468.3
2,588.4
2,731.1
2,882.3
2,797.3
2,866.3
2,938.8
3,031.3
3,139.5
4,554.9
4,685.7
4,851.2
5,029.7
5,198.6
3,292.3
3,344.9
3,392.5
3,441.0
3,486.5
1,114.6
1,113.7
1,113.3
1,115.4
1,113.4
2,177.7
2,231.2
2,279.2
2,325.5
2,373.1
1,798.5
1,901.3
2,015.0
2,139.4
2,256.5
1975 .......
1976
1977
1978
1979
9,050.8
9,277.2
9,572.0
9,919.2
10,270.4
6,075.8
6,235.2
6,454.0
6,719.1
6,993.0
3,077.8
3,152.1
3,251.9
3,387.5
3,543.0
1,366.6
1,408.3
1,472.9
1,556.7
1,646.2
1,711.2
1,743.8
1,779.0
1,830.8
1,896.9
2,998.0
3,083.1
3,202.1
3,331.7
3,449.9
2,023.7
2,042.0
2,057.1
2,072.6
2,095.6
587.2
580.0
575.8
574.0
577.6
1,436.5
1,462.0
1,481.2
1,498.7
1,517.9
951.3
1,000.0
1,061.0
1,127.4
1,181.9
1980
1981
1982
1983
1984
17,468.5
17,963.0
18,370.1
18,845.1
19,440.5
11,584.7
11,936.3
12,216.7
12,523.3
12,909.2
6,263.6
6,509.7
6,711.4
6,891.2
7,126.0
3,008.8
3,125.9
3,205.9
3,285.4
3,396.5
3,254.8
3,383 R
3,505.5
3,605.8
3,729.5
5,321.2
5,426.6
5,505.2
5,632.1
5,783.2
3,543.7
3,602.7
3,648.3
3,704.8
3,769.8
1,122.3
1,137.9
1,142.1
1,155.9
1,176.7
2,421.5
P464 8
2,506.2
2,548.9
2,593.0
2,340.1
2,423.9
2,505.1
2,616.9
2,761.6
1980
1981
1982
1983
1984
10,523.7
10,754.8
10,902.0
11,111.7
11,440.6
7,197.7
7,383.9
7,499.3
7,642.5
7,865.7
3,677.4
3,810.6
3,900.6
3,970.2
4,096.8
1,709.2
1,763.0
1,782.1
1,804.4
1,862.2
1,968.3
2,047.6
2,118.5
2,165.8
2,234.7
3,520.3
3,573.3
3,5987
3,672.3
3,768.8
2,123.0
2,148.1
2,166.5
2,191.3
2,223.0
587.1
597.5
602.9
6147
630.2
1,535.9
1,550.6
1,563.6
1,576.6
1,592.8
1,203.0
1,2227
1,236.2
1,277.9
1,351.9
1985
1986
1987
1988
1989
20,091.3
20,752.8
21,399.9
22,062.1
22,717.3
13,322.3
13,727.6
14,112.0
14,503.6
14,886.3
7,388.5
7,616.0
7,825.5
8,045.3
8,272.2
3,518.4
3,632.7
3,737.3
3,854.6
3,978.9
3,870.1
3,983.3
4,088.2
4,190.8
4,293.3
5,933.8
6,111.6
6,286.5
6,458.2
6,614.0
3,849.2
3,933.8
4,026.3
4,114.9
4,204.4
1,204.4
1,232.7
1,266.0
1,292.6
1,319.1
2,644.8
2,701.1
2,760.3
2,822.3
2,885.3
2,919.8
3,091.5
3,261.7
3,443.5
3,626.7
1985
1986
1987
1988
1989
11,823.5
12,214.2
12,576.9
12,9421
13,292.9
8,112.4
8,346.3
8,557.9
8,773.8
8,980.3
4,247.8
4,361.5
4,457.1
4,561.9
4,672.9
1,929.0
1,986.3
2,034.1
2,092.0
2,154.9
2,318.9
2,375.2
2,423.0
2,469.8
2,518.0
3,864.6
3,984.7
4,100.8
4,211.9
4,307.5
2,2687
2,320.5
2,380.0
2,429.9
2,481.7
654.8
680.2
710.2
729.6
748.5
1,613.9
1,640.3
1,669.8
1,700.3
1,733.2
1,442.3
1,547.4
1,639.0
1,738.4
1,830.8
1990
1991
1992
23,344.4 15,245.2
23,882.0 15,519.0
24,464.2 15,798.4
8,491.0 4,090.8 4,400.2 6,754.2 4,308.9 1,352.1 2,956.8 3,790.3
8,654.1 4,174.0 4,480.1 6,864.9 4,411.3 1,380.9 3,030.3 3,951.7
8,808.3 4,265.3 4,543.0 6,990.1 4,519.2 1,408.8 3,110.4 4,146.6
1990
1991
1992
13,603.4
13,806.2
14,040.8
9,157.6
9,255.0
9,369.4
4,773.2 2,202.4 2,570.9 4,384.4 2,539.1
4,822.6 2,224.5 2,598.1 4,432.4 2,594.5
4,871.2 2,259.8 2,611.4 4,498.1 2,650.9
768.3 1,770.7 1,9067
784.2 1,810.2 1,956.7
795.9 1,855.0 2,020.6
SURVEY OF CURRENT BUSINESS
September
1993
State Personal Income,
Revised Estimates for 1990-92
presents revised annual esti1 mates of State personal income for 1990-92.
It summarizes the revisions and then gives brief
definitions of total and disposable personal income. At the end of the article, table 1 presents
the revised estimates of total and per capita
personal income, table 2 presents the revised estimates of total and per capita disposable personal
income, and table 3 presents the revised estimates of personal income by major source and
of earnings by industry.
This annual revision of the State estimates of
personal income incorporates results from the
annual revision of the U.S. national income and
product accounts (NIPA'S) that was published
in last month's SURVEY OF CURRENT BUSINESS.1
Specifically, the annual NIPA revision provided
revised "control totals" for national personal income and its components. The revised control
totals for total personal income, shown in the
first line of table A, do not reflect the $50 billion
upward revision to the NIPA estimates of wages
Q - ' H I S ARTICLE
1. "Annual Revision of the U.S. National Income and Product Accounts,"
SURVEY 73 (August 1993): 9-51.
and salaries for 1992 that resulted from the incorporation of Bureau of Labor Statistics tabulations
of State unemployment insurance data; these tabulations had already been incorporated into the
State estimates in July.2
In addition to the incorporation of the NIPA
revision, this annual revision incorporates more
current State-level source data and revised Statelevel estimating methods; these State-level revisions affect the way the revised national control
totals are distributed to the States. For wages and
salaries, other labor income, and personal contributions for social insurance, the 1992 estimates
reflect more detailed estimating methods. For
farm proprietors' income, the 1992 estimates reflect newly available estimates of farm income for
1992 prepared by the U.S. Department of Agriculture (USDA), and the 1991 estimates, which were
2. Because the preliminary annual and quarterly State estimates of wages
and salaries are prepared after the corresponding national estimates, the State
estimates may incorporate source data that were not available at the time
the national estimates were prepared. For a detailed discussion of the incorporation of the unemployment insurance tabulations for 1992, see "Note on
Revisions to BEA Estimates of Wages and Salaries," SURVEY 73 (July 1993):
28-29.
Acknowledgments
The revised estimates of State personal income were prepared by the Regional Economic Measurement Division under
the direction of Linnea Hazen, Chief. The preparation of the estimates was a divisionwide effort.
Estimates of nonfarm labor earnings (wages and salaries and other labor income) were prepared by the Regional Wage
Branch under the supervision of Sharon C. Carnevale, Chief. Major responsibilities were assigned to Lisa C. Ninomiya,
Michael G. Pilot, John A. Rusinko, and James M. Scott. Contributing staff members were E. Frances Bake, Christopher
T. Berry, Elizabeth P. Cologer, Susan P. Den Herder, Elizabeth A. Freeman, Lela S. Lester, Russell C. Lusher, Richard
A. Lutyk, Paul K. Medzerian, Michael Phillips, Adrienne T. Pilot, William E. Reid, jr., Dolores A. Rynn, Victor A.
Sahadachny, Eugene L. Souder, Darken K. Won, and Jaime Zenzano.
Estimates of farm earnings (wages and salaries, other labor income, and proprietors' income), personal tax and nontax
payments, and the residence adjustments were prepared by the Quarterly Income Branch under the supervision of
Robert L. Brown, Assistant Division Chief. Major responsibilities were assigned to James M. Zavrel. Contributing staff
members were Elaine M. Briccetti, Daniel R. Corrin, Richard H. Grayson, and Michael S. Wagner.
Estimates of nonfarm proprietors' income, dividends, interest, rent, transfer payments, and personal contributions
for social insurance were prepared by the Proprietors' Income Branch under the supervision of Bruce Levine, Chief.
Major responsibilities were assigned to Charles A. Jolley. Contributing staff members were Catherine G. Cumberland,
Toan A. Ly, Ellen M. Wright, and Marianne A. Ziver.
The assembly of public use tabulations and data files and the preparation of the text and tables for this article
were performed by the Regional Economic Information System Branch. Major responsibilities were assigned to Kathy
A. Albetski, Wallace K. Bailey, and Gary V. Kennedy. Contributing staff members were H. Steven Dolan, Louise T.
Johnson, Jeffrey L. Newman, Michael J. Paris, Albert Silverman, Callan S. Swenson, Hilda G. Tolson, Monique B. Tyes,
and Mary C. Williams.
SURVEY OF CURRENT BUSINESS
revised sharply in some States, reflect methodological improvements made by USDA to its
estimates for 1991. For nonfarm proprietors' income, the 1990-92 estimates are now based partly
on newly available data for 1990 on the number of small establishments by industry from the
Census Bureau's County Business Patterns, For
the net rental value of owner-occupied nonfarm
September 1993
dwellings (imputed rent), the 1990-92 estimates
are now based partly on newly available data by
census region for 1991 from the Census Bureau's
biennial American Housing Survey. For dividends, interest, and monetary rent, the 1991-92
estimates are now based mainly on newly available tabulations of individual income tax return
data for 1991 from the Internal Revenue Service.
Table A.—Revisions in Total Personal Income for States and Regions, 1990-92
[Millions of dollars]
Previously published
Revision
Revised
State and region
1990
1991
1992
1990
1991
1992
1990
1991
1992
4,648,867
4,813,897
5,095,984
4,657,120
4,833,548
5,130,617
8,253
19,651
34,633
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
293,084
63,989
21,084
135,797
23,396
18,863
9,956
298,679
85,407
21,531
138,175
24,091
19,299
10,176
314,648
89,351
22,656
145,578
25,705
20,547
10,811
291,348
83,624
20,915
135,051
23,119
18,781
9,859
296,082
310,052
84,596
21,293
137,119
23,852
19,148
10,074
22,360
142,828
25,100
19,996
10,732
-1,736
-365
-169
-746
-277
-82
-97
-2,597
-811
-238
-1,056
-239
-151
-102
-4,596
-315
-296
-2,750
-605
-551
-79
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
946,618
13,857
14,366
105,236
193,206
397,261
222,693
972,588
14,235
14,831
108,363
196,692
407,521
230,946
1,027,574
14,801
15,555
113,481
208,238
430,446
245,054
948,058
14,164
14,464
105,499
974,826
397,796
222,442
14,905
109,046
197,135
407,942
231,100
1,031,880
15,301
15,590
114,115
210,059
432,001
244,814
1,440
307
98
263
487
535
-251
2,238
463
74
683
443
421
154
4,306
500
35
634
1,821
1,555
-240
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
771,224
232,611
93,384
170,419
189,177
85,632
793,826
239,317
96,451
174,870
194,388
88,799
841,544
252,922
102,857
185,440
205,759
94,566
772,192
233.019
93,493
170,554
189,268
85,858
798,109
239,916
96,985
175,961
195,544
89,702
849,274
255,651
104,204
185,713
207,769
95,936
408
109
135
91
226
4,283
599
534
1,091
1,156
903
7,730
2,729
1,347
273
2,010
1,370
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
309,681
46,842
44,072
82,042
88,936
27,302
9,650
10,836
321,009
48,224
45,675
84,789
92,733
28,329
9,934
11,325
343,459
51,800
49,216
90,555
98,435
30,843
10,770
11,840
311,028
46,998
44,121
82,324
89,551
27,442
9,758
10,834
323,471
48,598
45,527
85,266
93,928
28,744
10,024
11,385
344,904
52,103
91,512
98,963
30,438
10,934
12.147
1,347
156
49
282
615
140
108
-2
2,462
374
-148
477
1,195
415
90
1,445
303
-409
957
528
-405
164
307
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
981,053
60,281
33,034
242,703
110,832
55,287
60,220
32,692
108,999
52,626
77,555
122,260
24,564
1,023,870
63,510
34,739
251,870
115,557
58,014
64,035
34,538
113,483
54.797
81,623
125,896
25,808
1,086,524
67,472
37,382
263,818
123,281
62,465
67,664
36,976
121,741
57,892
87,963
132,417
27,452
980,917
60,187
32,691
243,038
110,779
55,422
60,081
32,458
108,941
52,744
77,493
122,444
24,639
1,028,327
63,774
34,661
251,992
116,393
58,587
81.719
127,520
26,047
1,094,827
68,221
37,817
262,929
124,803
63,261
68,055
36,936
123,074
58,362
88,584
135,003
27,784
-136
-94
-343
335
-53
135
-139
-234
-58
118
-62
184
75
4,457
264
-78
122
836
573
-76
-195
736
313
96
1,624
239
8,303
749
435
-889
1,522
796
391
-40
1,333
470
621
2,586
332
Southwest
Arizona
New Mexico
Oklahoma
Texas
411,776
59,524
21,462
47,669
283,120
433,636
62,195
22,782
49,435
299,225
461,598
66,115
24,384
52,369
318,729
413,070
59,471
21,600
47,726
284,274
435,476
62,206
23,004
49,706
300,560
467,529
66,386
24,609
52,847
323,687
1,294
-53
138
57
1,154
1,840
11
222
271
1,335
5,931
271
225
478
4,958
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
120,817
62,067
15,309
11,720
24,274
7,447
127,860
65,509
15,975
12,686
25,893
7,797
136,876
70,273
17,235
13,245
27,984
8,138
121,105
62,187
15,256
11,798
24,344
7,519
129,643
66,471
16,218
12,660
26,171
8,125
139,558
71,654
17,634
13,397
28,328
8,545
288
120
-53
78
70
72
1,783
962
243
-26
278
328
2,682
1,381
399
152
344
407
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
814,614
11,503
615,507
22,780
24,087
48,745
91,992
842,429
12,062
632,059
23,939
25,418
51,112
97,840
883,762
12,731
659,271
24,754
27,197
54,441
105,368
819,402
11,722
619,446
22,757
24,088
48,707
92,681
847,614
12,393
634,134
24,065
25,980
51,286
99,757
892,593
13,157
662,786
25,255
28,254
54,840
108,301
4,788
219
3,939
-23
1
-38
689
5,185
331
2,075
126
562
174
1,917
8,831
426
3,515
501
1,057
399
2,933
310,052
886,875
849,274
344,904
876,960
257,001
482,406
258,806
864,339
-1,736
772
968
1,347
1,270
-255
728
374
4,787
-2,597
1,018
4,283
2,462
5,091
738
1,452
2,578
4,624
-4,596
3,138
7,730
1,445
6,523
2,125
6,261
4,234
7,774
United States
34,343
114,219
55,110
Census Divisions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central ....
Mountain
Pacific
293,084
813,159
771,224
309,681
795,441
225,816
424,044
225,890
790,527
298,679
835,159
793,826
321,009
824,840
237,686
447,434
238,255
817,011
314,648
883,737
841,544
343,459
870,437
254,876
476,145
254,572
856,565
291,348
813,931
772,192
311,028
796,711
225,561
424,772
226,264
795,314
296,082
836,177
798,109
323,471
829,931
238,424
448,886
240,833
821,635
•
Jl
J2 • September 1993
SURVEY OF CURRENT BUSINESS
For transfer payments, the 1992 estimates are now
based mainly on newly available data for 1992
on the amounts of benefits provided to individuals under Federal and State programs; the data
are from the agencies that administer the benefit
programs.
Table A presents, for 1990-92, the previously published and revised annual estimates of
State personal income and the amounts of the
Schedule for Revisions of State and Local Area
Personal Income
The most recent comprehensive revision of the State
personal income estimates has now been completed
with the revision of the estimates for 1929-68; these
estimates reflect the definitional and statistical changes
that were incorporated into the estimates for 1969-91
in August 1992 (see "The Comprehensive Revision of
State Personal Income" in the August 1992 SURVEY OF
CURRENT BUSINESS). For information on obtaining the
revised estimates, see the box "Data Availability."
In April 1994, the State and local area estimates for
1981-92 will be further revised to incorporate source
data that became available too late for the comprehensive revision. These data include journey-to-work data
from the 1990 Census of Population, production expense data from the 1987 Census of Agriculture, and
tax-return data from the Internal Revenue Service on
the income of sole proprietorships and partnerships for
1987-89.
revisions.3 The upward revisions for the Nation, stemming from the annual NIPA revision,
led to upward revisions for all regions but New
England, where all the States had downward revisions to personal income in all 3 years, and the
Southeast, where 7 of the 12 States had downward
revisions in 1990. The downward revisions for
New England and the Southeast are accounted for
by downward revisions to nonfarm proprietors'
income and imputed rent that resulted from the
introduction of more current State-level source
data. For the Southeast in 1991-92, the downward revisions to nonfarm proprietors' income
and imputed rent were more than offset by upward revisions to other components of personal
income.
Definition of total and disposable personal
income
The personal income of a State is defined as
the income received by, or on behalf of, all
the residents of the State. It consists of the
income received by persons from all sources—
that is, from participation in production, from
both government and business transfer payments,
and from government interest (which is treated
like a transfer payment). "Persons" consists of
individuals, nonprofit institutions that primarily serve individuals, private noninsured welfare
funds, and private trust funds.
3. The 1992 State estimates were previously published in the July 1993
SURVEY, and the 1990-91 estimates, in the April 1993 SURVEY.
Data Availability
The State personal income estimates presented here, as well as more detailed tabulations and estimates, are available
on magnetic tape, printouts, and diskettes. Tables of total and per capita personal income are available for 1929-92,
and tables of total and per capita disposable personal income are available for 1948-92.
Detailed estimates of personal income by major source and of earnings by industry are available for 1929-92. Tables
for 1958-92 present labor and proprietors' earnings at the Standard Industrial Classification (sic) two-digit level (for
example, food stores) based on the 1967 sic for 1958-74, the 1972 sic for 1975-87, and the 1987 sic for 1988-92. Tables
for 1929-57 present earnings at the sic division level (for example, total retail trade) based on the 1967 sic.
Supplemental tables are available for wages and salaries by sic two-digit industry for 1958-92, employment (either
including or excluding self-employment) by sic two-digit industry for 1969-92, transfer payments by major program
for 1948-92, farm income and expenses (including broad categories of gross receipts and expenses of all farms and four
different measures of net farm income) for 1969-92, and personal tax and nontax payments by level of government and
by type for 1948-92.
A magnetic tape containing a complete set of the State annual estimates costs $100. Printouts are priced by the
number of pages, and diskettes by the number of diskettes; thus, the cost of an order depends on the number of series,
areas, and years of data ordered. There is a minimum charge of $10.00 per order.
The State estimates of personal income and employment for 1969-89—in somewhat less detail than that described
above—are also available on the Regional Economic Information System CD-ROM for $35. (The State estimates for
1990-91 on the CD-ROM have been superseded by the revised estimates presented in this article.) The CD-ROM also
contains the entire set of personal income and employment estimates for counties and metropolitan areas for 1969-91.
For further information or to place an order, call (202) 606-5360 or write to Regional Economic Information System,
BE-55, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
SURVEY OF CURRENT BUSINESS
Personal income is calculated as the sum of
wage and salary disbursements, other labor income, proprietors' income, rental income of
persons, personal dividend income, personal interest income, and transfer payments to persons,
less personal contributions for social insurance.
State per capita personal income is calculated as
the personal income of the residents of a State
divided by the midyear resident population of the
State.
Disposable personal income is calculated as
personal income less personal tax and nontax
payments; it is the income available to persons for spending or saving. Personal tax and
nontax payments consists of tax payments that
are not chargeable to business expense and of
certain other payments to government agencies
(except government enterprises) that are treated
like taxes. Personal taxes includes taxes on income, including realized net capital gains, taxes
on transfers of estates and gifts, and taxes on
September 1993 •
personal property. Personal nontaxes includes
donations and fees, fines, and forfeitures. State
per capita disposable personal income is calculated as the disposable personal income of
the residents of a State divided by the midyear
resident population of the State.
These definitions are essentially the same as
those underlying the personal income estimates
in the NIPA'S. However, the State estimates of
personal income exclude the labor earnings (that
is, wages and salaries and other labor income)
of U.S. residents who are temporarily working
and living abroad (mainly Federal civilian and
military personnel), whereas the NIPA estimates
include these labor earnings.
In addition, the national totals of the components of the State estimates may differ from the
corresponding estimates in the NIPA personal income series because of different data sources and
revision schedules.
Tables 1 through 3 follow. H
73
J4 • September 1993
SURVEY OF CURRENT BUSINESS
Table 1.—Total and Per Capita Personal Income by State and Region, 1987-92
Per capita 2
T al
1987
United States»
Avg. annual
growth(percent)
Millions of dollars
State and region
1990 r
1988
1991 -
1992"
3,789,392 4,063,045 4,367,719 4,657,120 4,833,548 5,130,617
1987-92
Percent of
national
average
Dollars
1991-92
1987
1988 1989 1990"
6.25
6.15
15,638
16,615
17,696
18,668 19,169 20,114
1991
1992'
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
241,257
68,708
16,871
112,775
19,418
15,588
263,807
75,164
18,403
123,432
21,249
16,954
8,605
281,391
80,111
19,957
131,248
22,557
18,100
9,419
291,348
83,624
20,915
135,051
23,119
18,781
296,082
84,596
21,293
137,119
23,852
19,148
10,074
22,360
142,828
25,100
19,996
10,732
5.15
5.32
5.80
4.84
5.27
5.11
6.33
4.72
5.25
5.01
4.16
5.23
4.43
6.52
18,626
21,156
14,240
18,998
18,415
15,750
14,615
20,159
22,969
15,285
20,638
19,625
17,013
15,651
21,347
24,399
16,358
21,818
20,422
18,088
22,035
25,417
16,988
22,434
20,802
18,689
17,458
22,439
25,722
17,249
22,870
21,596
19,052
17,781
23,488
27,137
18,100
23,811
22,596
19,895
18,834
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
768,946
10,775
12,094
83,586
157,575
322,499
182,417
832,620
11,743
13,138
91,282
172,696
348,654
195,107
894,410
12,845
13,844
98,915
183,950
375,489
209,367
948,058
14,164
14,464
105,499
193,693
397,796
222,442
974,826 1,031,880
14,698
15,301
14,905
15,590
109,046 114,115
197,135 210,059
407,942 432,001
231,100 244,814
6.06
7.27
5.21
6.42
5.92
6.02
6.06
5.85
4.10
4.59
4.65
6.56
5.90
5.93
17,801
16,914
18,986
18,306
20,540
18,046
15,443
19,166
18,130
20,836
19,594
22,389
19,430
16,468
20,521
19,513
22,180
20,924
23,809
20,880
17,644
21,693
21,168
24,048
21,970
25,040
22,097
18,704
22,206
21,616
25,041
22,444
25,426
22,595
19,326
23,396
22,201
26,485
23,249
26,969
23,842
20,385
Great Lakes
Illinois
Indiana
Michigan
Ohio
681,960
203,976
82,140
152,965
168,221
74,659
730,196
219,458
88,205
163,200
179,035
80,298
772,192
233,019
93,493
170,554
Wisconsin
640,129
190,876
77,210
143,595
157,837
70,611
85,858
798,109
239,916
96,985
175,961
195,544
89,702
849,274
255,651
104,204
185,713
207,769
95,936
5.82
6.02
6.18
5.28
5.65
6.32
6.41
6.56
7.44
5.54
6.25
6.95
15,389
16,754
14,106
15,627
14,667
14,777
16,343
17,905
14,955
16,592
15,576
15,479
17,438
19,234
15,968
17.637
16,532
16,534
18,352
20,363
16,834
18,312
17,430
17,501
18,811
20,789
17,288
18,759
17,873
18,101
19,865
21,980
18,405
19,680
18,860
19,162
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
258,156
39,072
36,898
67,589
75,114
22,241
8,498
8,744
270,350
40,384
38,960
71,082
79,360
23,726
7,917
8,920
290,650
43,947
40,841
77,370
84,546
25,262
8,876
9,809
311,028
46,998
44,121
82,324
89,551
27,442
9,758
10,834
323,471
48,598
45,527
85,266
93,928
28,744
10,024
11,385
344,904
5.97
5.93
5.75
6.25
5.67
6.48
5.17
6.80
6.63
7.21
7.21
7.33
5.36
5.89
9.08
6.69
14,811
14,119
15,087
15,957
14,852
14,195
12,852
12,561
15,417
14,586
15,822
16,543
15,614
15,096
12,079
12,775
16,519
15,862
16,516
17,835
16,591
16,041
13,732
14,080
17,582
16,904
17,788
18,754
17,467
17,365
15,328
15,563
18,160
17,385
18,246
19,237
18,212
18,041
15,787
16,181
19,204
18,526
19,348
20,427
19,058
18,957
17,193
17,081
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
788,580
48,911
27,212
188,430
89,647
45,001
51,211
26,915
86,723
41,528
63,509
98,518
20,976
850,438
980,917
60,187
32,691
243,038
110,779
55,422
60,081
32,458
108,941
52,744
77,493
122,444
24,639
1,028,327
63,774
34,661
251,992
116,393
58,587
63,959
34,343
114,219
55,110
81,719
127,520
26,047
1,094,827
68,221
37,817
135,003
27,784
6.78
6.88
6.80
6.89
6.84
7.05
5.85
6.54
7.25
7.04
6.88
6.50
5.78
6.47
106,924
21,966
916,905
56,222
30,826
226,498
103,733
51,475
56,286
30,778
101,944
47,836
72,778
115,544
22,985
6.97
9.11
4.34
7.22
7.98
6.40
7.55
7.75
5.90
8.40
5.87
6.67
13,704
12,180
11,616
15,704
14,438
12,216
11,787
10,396
13,541
12,283
13,277
16,605
11,291
14,630
13,028
12,397
16,615
15,398
12,991
12,571
11,181
14,558
13,210
14,156
17,709
12,000
15,611
13,950
13,138
17,922
16,180
13,998
13,235
11,956
15,527
13,838
14,992
18,879
12,723
16,496
14,875
13,891
18,631
17,033
15,020
14,267
12,609
16,375
15,077
15,856
19,708
13,764
17,069
15,590
14,603
18,995
17,574
15,780
15,036
13,243
16,957
15,479
16,498
20,305
14,447
17,922
16,496
15,765
19,494
18,485
16,848
15,874
14,128
17,986
16,197
17,632
21,170
15,332
Southwest
Arizona
New Mexico
Oklahoma
Texas
342,281
49,764
17,881
40,788
233,848
360,633
52,835
18,856
42,561
246,381
384,648
56,270
20,060
45,080
263,238
413,070
59,471
21,600
47,726
284,274
435,476
62,206
23,004
49,706
300,560
467,529
66,386
24,609
52,847
323,687
6.44
5.93
6.60
5.32
6.72
7.36
6.72
6.98
6.32
7.69
13,829
14,477
12,092
12,704
14,067
14,505 15,335
14,943 15,535
12,651 13,339
13,437 14,310
14,780 15,663
16,262 16,866
16,154 16,597
14,215 14,853
15,172 15,655
16,668 17,325
17,789
17,323
15,563
16,452
18,333
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
100,532
52,023
11,990
10,154
19,990
6,375
105,079
54,474
12,658
10,310
21,066
6,569
113,050
58,241
14,055
11,318
22,515
6,920
121,105
62,187
15,256
11,798
24,344
7,519
129,643
66,471
16,218
12,660
26,171
8.125
139,558
71,654
17,634
13,397
28,328
8,545
6.78
6.61
8.02
5.70
7.22
6.04
7.65
7.80
8.73
5.82
8.24
5.18
13,950
15,954
12,171
12,611
11,910
13,363
14,587
16,696
12,840
12,883
12,468
14,123
15,627
17,779
14,134
14,154
13,199
15,096
16,602 17,388 18,266
18,832 19,680 20,648
15,084 15,599 16,523
14,761 15,648 16,264
14,077 14,785 15,624
16,628 17,680 18,330
Far West
Alaska
California
Hawaii
Nevada
649,511
9,588
496,480
17,126
16,812
38,305
71,199
756,470
10,898
574,638
20,472
21,394
45,188
83,878
819,402
11,722
619,446
22,757
24,088
48,707
92,681
847,614
12,393
634,134
24,065
25,980
51,286
99,757
892,593
13,157
662,786
25,255
28,254
54,840
108,301
6.57
6.53
5.95
8.08
10.94
7.44
8.75
5.31
9,930
533,608
18,522
18,716
41,192
76,190
17,253 18,111
17,777 18,318
17,871 18,744
16,035 17,150
16,426 17,407
14,180 15,024
15,709 16,418
19,135
19,918
19,667
18,703
18,810
16,193
17,672
20,175
21,264
20,679
20,440
19,681
17,024
18,879
20,522
21,723
20,874
21,172
20,249
17,554
19,903
21,225
22,419
21,472
21,779
21,285
18,419
21,088
18,626
17,735
15,389
14,811
15,190
12,230
13,312
14,072
17,276
21,347
20,460
17,438
16,519
17,303
13,957
14,890
15,616
19,144
22,035
21,630
18,352
17,582
18,200
14,842
15,870
16,492
20,190
22,439
22,141
18,811
18,160
18,691
15,533
16,533
17,158
20,530
23,488
23,389
19,865
19,204
19,462
16,550
17,508
17,996
21,223
Washington
52,430
29,046
204,501
97,269
47,812
53,922
28,856
94,357
45,080
68,275
310,052
52,103
48,807
91,512
98,963
30,438
10,934
12,147
262,929
124,803
63,261
68,055
36,936
123,074
58,362
88,584
6.17
4.52
4.95
8.75
6.93
8.56
1987 1992
105
Census Divisions
New England
Middle Atlantic
East North Central.
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
241,257
662,491
640,129
258,156
632,277
184,335
353,059
184,990
632,699
263,807
716,457
681,960
270,350
686,260
197,372
371,910
195,487
679,442
281,391
768,806
730,196
290,650
744,143
211,254
395,430
210,774
735,076
291,348
813,931
772,192
311,028
796,711
225,561
424,772
226,264
795,314
296,082
836.177
798,109
323,471
829,931
238,424
448,886
240,833
821,635
1. The personal income level shown for the United States is derived as the sum of the State estimates; it differs
from the national income and product accounts (NIPA) estimate of personal income because, by definition, it omits
the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad ternporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision
310,052
886.875
849,274
344,904
876,960
257,001
482,406
258,806
864,339
5.15
6.01
5.82
5.97
6.76
6.87
6.44
6.95
6.44
4.72
6.06
6.41
6.63
5.67
7.79
7.47
7.46
5.20
20.159
19,103
16,343
15,417
16,214
13,063
14,051
14,693
18,132
119 117
113 116
98 99
95 95
97 97
78 82
85 87
90 89
110 106
schedules.
2. Per capita personal income was computed using midyear population estimates provided by the Bureau of the
Census. The 1990 midyear (July 1) estimates reflect the (April 1) 1990 Census of Population count plus 3 months
of estimated population change.
September 1993
SURVEY OF CURRENT BUSINESS
•
75
Percent of
national
average
Rank
in
U.S.
1987 1992
1992
Table 2.—Total and Per Capita Disposable Personal Income by State and Region, 1987-92
Per capita 1
Total
Avg. annual
growth(percent)
Millions of dollars
State and region
1990 r
1987
1991'
1992'
1987-92
Dollars
1991-92
1992'
1987
1988
3,278,111
3,536,461
3,775,655
4,035,322
4,214,044
4,486,382
6.48
6.46
13,528
14,462 15,297 16,176 16,712 17,588
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
204,941
57,840
14,642
94,957
17,243
13,413
6,846
226,695
63,864
16,171
105,466
19,004
14,645
7,545
241,376
68,003
17,546
112,075
20,151
15,397
8,203
250,277
71,053
18,481
115,059
20,772
16,306
8,606
255,687
72,334
19,003
117,380
21,456
16,669
8,845
267,128
75,400
20,002
122,309
22,561
17,422
9,434
5.44
5.45
6.44
5.19
5.52
5.37
6.62
4.47
4.24
5.26
4.20
5.15
4.52
6.66
15,822
17,809
12,359
15,997
16,353
13,552
12,670
17,323
19,516
13,431
17,634
17,562
14,695
13,722
18,311
20,711
14,382
18,631
18,244
15,387
14,708
18,929
21,596
15,011
19,113
18,691
16,226
15,239
19,377
21,993
15,394
19,577
19,427
16,585
15,611
20,236
22,981
16,191
20,390
20,311
17,333
16,557
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
648,642
9,084
9,967
70,527
134,547
267,172
157,345
708,188
9,833
10,986
77,570
148,612
291,745
169,443
757,202
10,722
11,523
82,969
158,903
311,352
181,731
807,341
12,040
11,849
89,240
167,922
333,192
193,098
836,187
12,652
12,334
92,309
171,294
345,698
201,899
13,200
12,946
97,435
182,870
367,078
213,252
6.45
7.76
5.37
6.68
6.33
6.56
6.27
6.05
4.32
4.96
5.55
6.76
6.18
5.62
15,016
14,259
15,647
15,446
17,538
14,950
13,320
16,302
15,180
17,424
16,651
19,267
16,259
14,302
17,373
16,289
18,461
17,551
20,567
17,314
15,315
18,473
17,994
19,700
18,584
21,708
18,509
16,236
19,048
18,607
20,722
19,000
22,093
19,147
16,884
20,107
19,152
21,994
19,850
23,478
20,259
17,757
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
554,543
164,362
67,782
123,946
136,925
61,529
594,860
177,067
72,204
133,261
147,291
65,037
631,825
189,584
76,865
140,746
155,297
69,333
669,765
201,571
81,385
148,194
164,284
74,331
695,120
208,615
84,881
153,696
170,224
77,704
742,945
223,119
91,539
162,786
181,956
83,546
6.02
6.30
6.19
5.60
5.85
6.31
6.95
7.84
5.91
6.89
7.52
13,332
14,427
12,383
13,489
12,724
12,876
14,256
15,543
13,146
14,454
13,638
13,485
15,089
16,616
13,915
15,210
14,341
14,276
15,918
17,615
14,654
15,911
15,129
15,151
16,384
18,077
15,130
16,385
15,559
15,680
17,378
19,183
16,168
17,250
16,517
16,687
Plains
224,905
34,156
32,024
57,525
65,885
19,734
7,678
7,903
236,874
35,530
34,172
61,044
69,790
21,100
7,096
8,143
252,228
38,178
35,207
65,997
73,591
22,473
7,883
8,900
270,545
40,974
38,214
70,070
78,472
24,219
8,812
9,783
282,296
301,848
45,388
42,853
78,168
87,567
26,932
9,890
11,049
6.06
5.85
6.00
6.33
5.86
6.42
5.20
6.93
6.93
7.61
7.77
7.68
5.49
6.08
9.72
6.77
12,903
12,342
13,094
13,581
13,027
12,595
11,612
11,352
13,508
12,832
13,878
14,207
13,732
13,425
10,826
11,661
14,335
13,779
14,238
15,213
14,441
14,270
12,196
12,774
15,294
14,738
15,406
15,962
15,306
15,325
13,843
14,054
15,849
15,088
15,936
16,378
16,096
15,936
14,197
14,708
16,806
16,138
16,988
17,448
16,864
16,774
15,553
15,537
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
692,828
43,421
24,259
164,292
77,847
39,783
46,440
24,636
75,358
36,689
57,147
84,219
18,737
750,938
46,840
25,970
178,969
85,185
42,209
48,863
26,477
82,655
40,102
61,762
91,944
19,963
805,425
910,165
223,531
102,046
51,322
57,098
31,497
100,296
48,957
74,078
110,516
23,297
971,433
60,753
33,856
233,537
109,537
55,526
61,114
33,946
108,345
52,076
80,396
117,367
24,979
6.99
6.95
6.89
7.29
7.07
6.90
5.65
6.62
7.53
7.26
7.07
6.86
5.92
6.73
7.36
9.43
4.48
7.34
8.19
7.03
7.77
8.03
6.37
8.53
6.20
7.22
12,040
10,813
10,355
13,692
12,537
10,799
10,689
9,516
11,766
10,852
11,946
14,195
10,085
12,918
11,639
11,084
14,541
13,485
11,468
11,391
10,259
12,752
11,751
12,805
15,228
10,906
13,713
12,357
11,714
15,705
14,055
12,266
11,929
10,880
13,563
12,128
13,462
16,151
11,363
14,527
13,203
12,347
16,385
14,802
13,169
12,714
11,521
14,334
13,302
14,267
17,052
12,277
15,107
20,527
863,814
53,419
29,057
213,738
96,269
48,590
53,538
29,658
95,363
46,535
69,727
105,942
21,976
13,834
13,034
16,849
15,407
13,823
13,423
12,146
14,890
13,751
14,955
17,597
12,922
15,902
14,691
14,114
17,315
16,224
14,788
14,255
12,985
15,834
14,453
16,002
18,404
13,784
Southwest
Arizona
New Mexico
Oklahoma
Texas
303,019
43,352
15,924
36,226
207,517
320,338
46,470
16,738
37,984
219,146
340,974
49,247
17,945
39,923
233,859
364,434
52,391
19,236
41,979
250,828
54,518
20,595
43,790
267,137
416,125
58,382
22,078
46,809
288,857
6.55
6.13
6.75
5.26
6.84
7.79
7.09
7.20
6.89
8.13
12,243
12,611
10,769
11,283
12,483
12,884
13,143
11,229
11,992
13,147
13,594
13,596
11,932
12,673
13,915
14,347
14,231
12,659
13,345
14,707
14,951
14,546
13,297
13,792
15,398
15,833
15,234
13,962
14,572
16,361
88,737
45,518
10,819
8,932
17,705
5,763
93,374
48,069
11,448
9,167
18,776
5,915
99,042
50,612
12,618
9,860
19,832
113,136
57,346
14,650
11,084
22,786
7,269
121,919
61,929
15,936
11,716
24,679
7,659
6.56
6,120
105,440
53,642
13,771
10,272
21,048
6,707
7.76
7.99
8.78
5.70
8.30
5.36
12,313
13,959
10,983
11,094
10,549
12,081
12,962
14,733
11,612
11,454
11,113
12,717
13,691
15,450
12,688
12,331
11,626
13,352
14,455
16,244
13,616
12,851
12,171
14,832
15,174
16,979
14,091
13,700
12,873
15,818
15,957
17,846
14,932
14,224
13,611
16,429
560,495
8,520
426,236
14,764
14,530
32,953
63,493
605,193
8,990
460,395
15,837
16,164
35,929
67,877
647,584
9,625
489,954
17,115
18,474
38,669
73,748
703,707
10,321
530,743
19,182
20,840
41,590
81,031
735,415
11,003
550,108
20,424
22,529
44,034
87,318
778,204
11,732
577,970
21,531
24,577
47,110
95,283
6.78
6.61
6.28
7.84
11.09
7.41
8.46
15,795
15,343
13,823
14,196
12,199
14,008
15,700
16,586
16,172
14,664
15,034
13,105
14,627
16,380
17,590
16,769
15,636
16,242
13,857
15,538
17,327
18,722
17,718
17,229
17,027
14,537
16,506
17,805
19,287
18,108
17,969
17,560
15,072
17,421
18,505
19,990
18,725
18,568
18,515
15,823
18,553
15,822
14,966
13,332
12,903
13,134
10,947
11,856
12,364
14,908
17,323
16,259
14,256
13,508
14,110
11,734
12,541
12,983
15,719
18,311
17,351
15,089
14,335
14,978
12,438
13,255
13,684
16,384
18,929
18,448
15,918
15,294
15,830
13,252
14,026
14,425
17,336
19,377
19,036
16,384
15,849
16,349
13,908
14,694
15,017
17,813
20,236
20,128
17,378
United States ...
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
Far West
Alaska
California
Hawaii
Nevada
Oregon
Washington
,.
49,802
27,486
90,110
45,105
50,733
28,009
89,050
41,925
65,349
42,177
39,762
72,593
83,012
25,390
9,014
10,348
56,589
30,937
6.35
8.05
5.58
6.87
5.85
5.82
6.63
5.06
5.42
9.09
6.99
9.12
1990'
1991
105 105
Census Divisions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
204,941
559,064
554,543
224,905
546,718
164,987
314,443
162,543
545,965
226,695
609,799
594,860
236,874
597,206
177,287
331,964
172,746
589,029
241,376
651,987
631,825
252,228
644,157
188,264
352,001
184,708
629,110
250,277
694,213
669,765
270,545
692,953
201,394
375,402
197,907
682,867
255,687
718,890
695,120
282,296
725,939
213,486
398,962
210,777
712,886
1. Per capita disposable personal income was computed using midyear population estimates provided by the Bureau of the Census. The 1990 midyear (July 1) estimates reflect the (April 1) 1990 Census of Population count
plus 3 months of estimated population change.
267,128
763,200
742,945
301,848
769.422
230,621
430,636
226,955
753,627
5.44
6.42
6.02
6.06
7.07
6.93
6.49
6.90
6.66
4.47
6.16
6.88
6.93
5.99
8.03
7.94
7.68
5.71
17,075
14,851
15,629
15,781
18,505
115
j6
• September 1993
SURVEY OF CURRENT BUSINESS
Table 3.—Personal Income by Major Source
[Millions
United Statesi
New England
Connecticut
Maine
Massachusetts
Line
1990
1991
1992
1990
1991
1992
1991
1992
83,624
83,402
221
84,596
84,365
231
89,036 20,915 21,293 22,360 135,051 137,119 142,828
88.797 20,725 21,117 22,173 134,862 136,886 142,586
238
191
187
188
233
242
176
13,200
23,488
3,290
25,417
3,289
25,722
3,281 1,231 1,234 1,235
27,137 16,988 17,249 18,100
6,020
22,434
5,996
22,870
5,998
23,811
3,365,478 3,471,432 3,696,710 207.835 208,426 219,122
224,112 236,957 248,683 13,647 14,101 14,656
-790
-791
-784
3,743
3,652
4,049
3.140,576 3,233,684 3,447.243 197,931 197,977 208,515
828,491 830,656 825,741 53,414 52,126 51,730
688,053 769,208 857,633 40,003 45,979 49,807
59,049
4,085
3,062
58,026
16.124
9,473
59,786
4,233
2,862
58.416
15,595
10,585
62.388 14.635 14,629 15,318
4,353
814
862
835
3,245
35
33
20
61,280 13,856 13,813 14,489
15,388 3,550 3,459 3,435
12,368 3,509 4,020 4,436
99,441
6,422
-2,034
90,985
24,181
19,885
99,470
6,635
-1,998
90,837
23,664
22,618
104,647
6,914
-2,085
95,648
23,478
23,702
2,732,353 2,801,101 2,963,744 170,567 169,511 177,058
274,023 296,611 322.430 17.452 18,289 19,643
359,102 373,720 410,536 19,816 20,626 22,421
37,720
34,174
39,958
520
556
653
321.382 339,546 370,578 19,296 20,070 21,769
49,078
5,132
4,839
145
4,694
49,305
5.413
5,068
154
4,914
51,161 11,414 11,311 11,743
5,768 1,304 1.343 1,439
5,459 1,917 1,975 2,136
163
129
127
114
5,296 1,788 1.861 2,009
82,200
8,097
9,144
111
9,033
81,432
8,535
9.503
156
9,347
85,146
9,187
10,314
166
10,149
46,121
51,314
49,650
840
931
803
3,315,828 3,425,311 3,645,396 207,033 207,586 218,191
2,771,516 2,849,731 3,039,958 179,746 179,732 189,576
20,739
23,125
24,066
1,296
1,406
1,426
17,506
19,645
20,466
879
940
954
3,233
3,480
3,600
417
467
472
31,887
33,910
34,678
142
209
227
D
7,937
7,641
7,535
1
1
10
()
82
17,106
20,003
76
19,326
7
2,775
2,991
3.065
6
114
4,069
3,952
4,075
128
(D)
198,181 185.125 192.897 11,925 10,151 10,444
221
231
58,828 59,555
51,710 52,113
280
296
268
283
12
13
51
72
D
10
()
-1
D
()
30
34
2,905
3,319
187
176
238
191
62,149 14,445 14,453 15,131
54,474 11,827 11,715 12,322
300
213
248
246
288
75
87
87
12
138
160
158
78
7
13
12
10
0
0
0
0
188
99,253
86,689
567
368
199
51
0
-3
0
54
5,060
242
233
99,237 104,405
86,647
91,661
610
615
390
392
221
223
79
85
0
0
32
36
0
0
46
48
4,325
4,416
19,804
5,811
647
438
377
757
1,791
800
71
0
747
181
13,993
132
135
410
1,525
3,850
2,892
1,241
36
351
2,897
523
19,671
5,841
658
453
376
765
1,779
832
68
0
744
164
13,831
120
126
413
1,515
3,695
2,863
1,215
31
320
2,995
537
20,094
6,119
698
507
396
794
1,787
894
84
0
799
158
13,976
124
140
411
1,526
3,824
2,865
1,179
45
352
2,949
559
838
37
296
(DD)
()
178
223
5,014
123
951
89
1,197
1,410
1,244
5.131
133
918
118
1.189
1,487
1,285
5,406
131
966
105
1,280
1,573
1,352
765
1,839
752
255
496
7,053
9,426
7.763
2,446
5,317
6,909
9,136
7,838
2,328
5.510
7,255
9,454
8,556
2,540
6.017
1990
1991
1992
1990
1992
1990
1991
Income by Place of Residence
Total personal income (lines 6-11)
Nonfarm personal income
Farm income (line 17) 2
Population (thousands)3
Per capita personal income (dollars)4
4,657.120 4,833,548 5,130.617 291,348 296,082 310,052
4,607.470 4,787,427 5,079,303 290,545 295,243 309,121
49,650
46,121
51,314
803
840
931
249,466
18,668
252,160
19,169
255,082
20,114
13.222
22.035
13,195
22,439
Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-85)
Less: Personal contributions for social insurance5
Plus: Adjustment for residence6
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 7
Plus: Transfer payments8
Earnings by Place of Work
Components of earnings:
Wages and salaries
Other labor income
Proprietors' income 9
Farm
Nonfarm9
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fisheries, and other 10
Agricultural services
Forestry, fisheries, and other 10
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction
8 8 8 8 8
36
2,951
1,121
5
907
6
975
Manufacturing
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery and computer equipment
Electric equipment, except computer equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries
651,651
248,824
47,769
15,310
18,314
26,097
49,229
52,287
8,866
2,554
25,726
2,672
402,827
20,374
12.066
30,878
46,531
79,615
58,621
49,609
37,068
18.051
39,504
10,510
661,294
257,946
50,259
15,423
18,939
26,754
50,178
55,447
9,577
2,578
26,149
2,642
403,348
20,101
11,881
31,387
46,000
79,706
59,159
48,741
37,403
17,493
40.728
10.749
689,718
273,178
52,850
16,517
19,794
28,384
52,360
59,345
10,140
2,694
28,397
2,697
416,540
21.423
12,725
32,201
47,641
81,341
60,932
48,396
40,780
18,180
41,471
11,450
45,330
13,243
1,468
939
639
2,263
3,422
2,137
105
39
1,703
527
32,087
859
378
1,263
3,568
7,324
5.607
5,663
196
754
4,948
1.528
45,226
13,467
1,534
960
639
2,264
3,408
2,311
98
40
1,706
506
31,759
842
363
1,437
3,419
6,982
5,561
5,678
193
692
5,073
1,520
46,296
14,059
1,574
1,030
686
2,336
3,458
2,458
121
60
1,828
508
32,237
894
384
1,489
3,518
7,123
5,685
5.494
212
722
5,118
1,599
14,284
3,605
411
76
139
427
935
1,136
15
39
395
33
10,678
96
92
488
1,421
1,971
1,345
3,570
101
156
1,162
277
Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation n
Communications
Electric, gas, and sanitary services
224,123
11.963
53,894
6,299
48,736
57,624
45,607
232.540
12.532
54.166
6.884
51.414
59,287
48.257
245,774
13.108
57.512
6.956
54,102
62,627
51,469
10.485
218
2.289
211
2,097
2.999
2,672
10,672
238
2,233
244
2,105
3,089
2.763
11,090
228
2,253
239
2,237
3,244
2,890
3,082
32
628
71
599
985
767
3,159
34
626
74
624
1,002
798
3,172
35
553
81
646
1,041
816
803
(D)
287
21
(D)
171
211
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository and nondepository credit institutions
Other finance, insurance, and real estate u
218,235
328.655
228,802
77,565
151,237
223.073
335,495
241,475
78,605
162,870
235,464
353,369
267,329
85,496
181,833
13.734
20,645
16,591
5,014
11.577
13,569
20.048
17.097
4,810
12.287
14,218
20,760
18,493
5,114
13,379
3,971
5,526
6,151
1,537
4,614
4,007
5,386
6.470
1,476
4,993
4,132
5,439
7,069
1,590
5,479
771
1,760
665
249
417
213
173
746
1,735
724
253
470
Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair, services, and parking
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services
Social services
Museums, botanical, zoological gardens
Membership organizations
Engineering and management services
Miscellaneous services
869,243
32,769
29.338
9,252
152,684
25,345
13,185
31,584
14,172
269,767
74,556
34,430
25,125
1,168
30.601
118.904
6,363
913,694
34,058
29,531
8,984
153.220
26,779
12,236
36,371
14.546
295,239
77,106
38.519
27.884
1,251
31,286
120,314
6,370
996.663
35,605
31,028
9,948
170,621
28,019
13.180
40.023
15,845
326,992
81.953
40,741
30.837
1,364
32,867
130,755
6,885
59.597
1,619
1.887
404
10,229
1.461
729
1.407
340
19,458
4,482
4,801
2,170
114
1,357
8,770
367
61.354
1,590
1,831
387
10,082
1,441
678
1,538
344
21,049
4,632
5,271
2,231
118
1,371
8,445
345
66,621
1,656
1,894
424
11,028
1.480
731
1.744
374
23,210
4.857
5.497
2.411
125
1.405
9.415
370
15,047
247
529
125
2,454
384
208
427
87
5,290
1,093
943
530
22
380
2,236
91
15,360
232
515
120
2,431
366
196
442
98
5,730
1,125
1,084
564
23
375
1,969
89
16.701
233
526
131
2.722
365
202
546
106
6,208
1.175
1,140
595
25
388
2.245
93
3,363
148
138
47
379
111
51
86
17
1,356
252
151
148
4
89
367
19
3,482
154
136
45
358
116
52
98
14
1,459
265
167
156
4
91
349
18
3,747
162
141
50
372
120
61
106
19
1,597
280
178
171
4
95
374
19
31,950
815
858
155
5,900
694
349
642
189
9,595
2.507
2,962
1,109
76
671
5,236
193
32,948
807
830
148
5,784
677
320
724
181
10,399
2,587
3,217
1,116
78
678
5,227
175
35,780
840
858
162
6,289
696
343
802
198
11,564
2,689
3,342
1,209
81
686
5,830
191
544.312
110.635
45,729
387,948
575,580
116,333
48,410
410,837
605,438
123,038
51,734
430,666
27,287
4,570
1,545
21,172
27,854
4,686
1,554
21,614
28,616
4,872
1.526
22,218
7,118
920
415
5,782
7,442
943
418
6,082
7,676
1.038
385
6,253
2,618
630
267
1,721
2.737
637
282
1,818
2,809
655
272
1,881
12,564
2.167
496
9,901
12,589
2,236
520
9,833
12,744
2.260
524
9,961
Government and government enterprises
Federal, civilian
Military
State and local
See footnotes at end of table.
14,460 14,630 3,123
3,787
3,897 1,583
454
440
167
78
75
121
144
157
52
419
431
752
936
939
149
1,263
1,322
31
13
16
13
40
60
0
397
419
92
43
38
207
10,673D 10,734D 1,540
( ) 367
(D)
()
32
580
587
19
1.327
1,363
89
1.838
1,815
193
1,376
1,459
235
3,650
3,521
506
102
101
9
143
132
42
1,217
1,294
31
265
283
16
n
3,052 3,146
1,554 1,622
158
157
129
121
53
48
777
748
147
145
43
33
13
11
0
0
89
86
212
204
1,498 1,524
399
376
(DD)
(°D)
()
(
90)
87
175
177
233
231
487
479
(D)
(D)
36
37
24
32
18
17
812
45
284
8
September 1993 •
SURVEY OF CURRENT BUSINESS
JJ
and Earnings by Industry1, 1990-92
of dollars]
New Hampshire
Vermont
Rhode Island
Mideast
District of Columbia
Delaware
Maryland
Line
1990
1991
1992
1990
1991
1992
23,119
23.072
47
23,852
23,800
25,100
25,041
18,781
18,745
19,148
19,109
19,996
19,956
52
59
36
39
40
120
109
948,058
945,250
2,807
165
1,111
20,802
1,104
21,596
1,111
22,596
1,005
18,689
1,005
19,052
1,005
19,895
565
567
570
14,891
14,858
12,682
1,032
13,409
1,087
243
239
428
99
440
98
460
104
1990
9,859
9,739
1991
1992
10,074
9,965
10,732
10,566
1990
28,961
2,171
-17,495
9,295
2,455
3,155
30,682
2,257
-18,695
9,729
2,412
3,449
68,477
4,409
10,673
74,742
17,409
13,348
69,747
4,562
11,344
76,526
17,485
15,032
72,718
4,697
12,192
80,214
17,330
16,571
566,437 571,659
53,038
57,152
65,808
68,715
1 939
1 615
129
924 63,869 67,100
602,808
61,775
75,200
8,919
1,016
9,191
1,050
1,068
9,496
1,112
1,126
24,550
1,868
1,311
25,551
2,040
1,371
26,965
2,231
1,485
57,424
5,081
5,973
58,137
5,354
6,257
60,175
5,748
6,795
136
880
134
934
132
994
338
324
378
73,086
1,311
1,371
1,485
5,635
5,933
6,417
2,490
695,037
576,882
3,189
2,529
2 971
736,812
613,668
3,275
2,556
161
159
156
429
10,749
9,315
11,150
9,639
11,578
10,013
27,729
16,049
28,961
16,301
30,682
17,128
68,049
53,156
415
69,332
53,537
72,251
56,181
660
719
2
47
45
2
1,859
1 028
1,973
2,005
42
40
2
6
46
632
12
12
249
7
242
5
287
7
280
11
404
355
49
65
956
492
90
466
(D)
P)
P
P
32
238
65
528
961
448
87
477
37,899
34,183
34,116
870
846
112,485
52,418
7,935
1,642
4,897
4,233
12,839
14,883
1,640
112,819
53,529
8,162
1,563
4,940
4,145
12,764
15,783
1,719
115,489
55,886
8,483
1,565
4,979
4,342
13,387
16,691
1,739
3,358
2,618
3,467
2,721
5,444
5,469
5,786
1,819
573
898
83
815
608
923
72
851
47
14,844
12,988
52
59
36
39
40
120
109
165
14,806
12,912
15,804
13,825
12,869
10,787
12,643
10,559
13,369
11,142
6,795
5,746
6,892
5,784
7,333
6,152
93
80
13
98
105
47
47
21
4
58
8
55
50
5
15
60
57
51
109
49
60
10
2,807
682,476
569,199
2,930
61
2,298
58
4
19
3
19
990
88
91
27
199
231
43
3
0
244
64
2,680
131
32
150
208
934
460
40
2
92
94
32
204
228
46
3
0
96
99
40
190
247
56
2,574
126
29
146
192
950
242
53
3
0
265
3
0
16
510
4
619
6
612
2,903
2,910
3,032
1,546
1,556
1,600
888
65
201
27
59
194
104
906
74
204
23
56
194
961
75
210
21
70
208
376
98
10
16
71
114
1
121
1
365
91
11
17
69
123
23
23
410
107
10
18
74
134
25
1
1
1
0
201
38
0
217
37
0
30
0
0
30
0
0
40
0
2,004
2,072
1,180
1,190
122
(D)
(D)
2
0
62
2,742
194
41
2,015
30
44
173
229
186
163
214
43
1,181
(D)
44
253
208
181
135
203
(D)
(D)
43
278
218
185
47
84
43
3
73
64
72
49
546
55
522
56
528
57
245
640
241
626
257
661
66
679
6
680
(D)
164
(D)
181
191
235
264
515
(D)
121
18
(D)
158
126
537
(D)
135
224
537
(D)
133
20
(D)
160
127
370
169
(D)
(D)
186
740
(D)
17D5
()
98
89
3
0
16
486
5
800
140
35
161
231
984
491
39
4
442
659
1,053
0
15
555
45
132
188
(D)
103
44
24
95
140
512
92
5
17
P)
120
(D)
51
126
107
(DD)
()
90
588
612
1,204
150
20
(D)
P)
142
99
(D)
100
175
45,365
58,517
68,965
20,924
48,041
47,844
60,572
80,405
22,798
57,607
469
964
831
552
278
481
978
914
619
295
199,512
6,113
5,209
1,758
35,642
4,492
2,339
6,975
2,706
58,345
20,851
10,988
7,244
205,907
6,170
5,164
1,692
34,601
4,572
2,028
7,844
2,770
63,691
21,184
11,975
7,937
221,785
6,415
5,362
1,859
37,503
4,659
2,061
8,406
2,971
70,466
22,285
12,668
8,726
2,216
51
72
34
407
73
35
63
9
785
195
70
88
345
353
390
6,788
28,142
1,574
6,983
27,401
1,541
113,277
200 28,544
4,254
39
942 80,479
118,154
30,421
4,541
83,193
120
128
5
7
52
91
114
367
785
327
150
178
362
773
334
150
184
422
4,010
1,725
182
67
24
193
57
30
44
20
604
107
146
59
1,801
171
1,979
64
125
25
579
91
40
93
9
1,452
287
347
28
4
85
455
29
284
330
179
4
99
349
27
1,856
1,894
1,979
2,082
2,084
157
4
81
445
178
5
106
317
26
295
96
296
46
314
45
380
236
390
252
1,465
1,553
1,620
1,466
1,442
816
347
155
192
4
61
4
185
67
25
229
66
28
51
22
726
125
173
70
5
357
28
37
143
8
39
138
9
42
154
11
2,227
1,049
1,108
1,181
405
178
35
836
184
36
887
1,621
316
353
194
6
110
261
1,561
3
3
3
9
561
397
834
310
524
1,349
1
48,176
1,844
9,237
1,622
10,453
15,103
9,917
374
8
675
311
171
95
4
3
1,322
272
115
130
6
820
317
503
1,494
P)
P)
0
134
5
65
20
635
253
294
P)
P)
0
5
1,246
1,349
4
7
4
826
336
490
239
269
145
3
81
439
29
68
71
2,078
1
1
2
564
17
3
7
679
1,264
66
71
2,153
1
2
573
18
26
66
18
65
23
193
63
25
50
20
661
115
162
13
1
14
P)
28
24
131
5
1,317
64
116
23
564
86
35
86
9
220
P)
26
P)
P)
4
934
264
670
3J02
208
721
627
15
3
1
4
580
18
5
P)
P)
5
970
66
123
24
557
94
43
86
9
716
602
P)
P)
7
1,890
3,623
730
612
P)
P)
372
912
286
626
172
178
31
837
141
57
146
20
3,437
2,672
P)
P)
371
890
4,405
422
4
3
9
1,773
161
169
28
751
133
49
138
22
507
P)
358
43
64
37
859
297
562
4,061
57
0
(DD)
()
739
26
P)
P)
P
P)
2
2
3
3
10
892
162
172
30
747
122
47
123
19
2,066
P)
877
P)
4
P)
P)
3
1,832
3,888
204
(DD)
()
77
73
P)
P
25
15
45
63
55
10
83
88
99
P)
P)
(D)
P
P)
256
7
249
13
23
7
83
170
121
1
44
P)
0
P)
P)
765
87
5
49
87
105
18
2 114
974
P)
0
P)
P)
746
89
140
505
79
142
514
6
7
8
9
11,734
27,729
2,084
1,143
-272 -16,513
9,132
10,319
2,899
2,490
2,842
2,083
10,890
1,176
1,343
3,793
1,051
4
11,308
1,121
-293
9,895
2,934
1,869
10,364
1,090
1,229
3,577
1,003
467
4,908
23,249
10,910
1,062
-230
9,618
2,686
1,660
10,642
1,091
1,172
3,670
415
4,859
22,444
739,783
53,133
-9,846
676,804
176,153
178,923
7,498
12,332
1,414
2,117
1,070
429
589
697,526
50,775
-9,151
637,600
176,757
160,468
7,001
4
114,115
113,647
685,283
48,834
-8,992
627,458
177,705
142,895
6,915
11,631
1,299
1,928
31
1,897
4
109,046
108,631
26,485
11,790
1,256
1,845
—1
595
105,499
105,070
25,041
7,143
1,881
1,708
6
0
15
979
601
15,590
15,590
24,048
6,659
1,876
1,540
6
0
14
908
14,905
14,905
22,201
18,834
6,586
1,883
1,390
-1
0
14
14,464
14,464
21,616
17,781
12,560
3,299
4,136
90
11
13
20
15,301
15,145
21,168
17,458
11,893
3,303
3,951
13
14
14,698
14,539
1992
4,802
21,970
12,102
3,435
3,245
83
70
14,164
14,003
1991
156
999
196
29
974,826 1,031,880
972,336 1,028,909
2,490
2,971
1990
689
12,905
1,314
1992
159
981
28
1991
680
2,512
17,395
4,249
3,457
1,200
1990
161
15,863
25
1992
669
926
1,147
1991
44,104
23,396
2,427
16,359
4,229
3,264
38
1990
43,899
22,206
899
2,079
1992
43,703
21,693
2,384
16,376
4,243
2,501
26
1991
157
182
180
3,620
3,719
3,984
572
553
537
60,067
1,602
1,382
6,222
6,738
12,046
9,061
3,239
3,083
3,734
10,413
2,549
59,290
1,577
1,269
6,111
6,569
12,033
8,802
3,207
3,135
3,610
10,460
2,517
59,603
1,610
1,266
6.095
6,753
11,961
8,824
3,248
3,205
3,665
10,355
2,620
44,689
1,763
9,126
1,425
9,823
13,721
8,830
45,963
1,793
9,013
1,609
10,205
13,968
9,375
45,813
58,439
65,572
20,805
44,768
16
44
65
38
(DD)
()
359
25
14
P)
24
P)
P)
152
23
0
P)
P)
118
2
4
3
1,220
1,288
P)
25
P)
26
P)
26
4
6
6
102
P)
126
733
187
P)
484
3
P)
715
231
P)
-2
0
30
5,687
4,980
7,287
3,070
7,191
3,117
748
746
P)
P)
297
957
557
35
0
251
28
4,216
100
74
524
306
624
627
330
222
P)
169
301
950
598
440
382
58
79
30
27
1
21
4,877
7,225
3,237
748
P)
168
311
998
628
P)
0
P)
0
257
38
283
37
4,074
110
3,989
106
81
75
487
288
624
594
336
226
5
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
470
308
618
562
362
246
47
231
50
51
76
242
1,019
73
4,218
4,417
4,577
281
1,051
P)
932
125
P)
P)
905
132
P)
940
65
P)
942
131
P)
45
46
48
49
52
53
54
55
56
57
58
59
757
1,397
1,493
244
937
996
1,551
1,029
3,942
7,473
4,481
1,493
2,988
4,077
7,752
4,901
1,673
3,228
60
65
66
67
68
69
70
71
72
73
74
75
76
378
955
384
895
397
894
1,462
1,490
1,600
702
318
575
887
551
940
1,031
3,907
7,476
4,347
1,516
2,831
2,307
2,493
10,558
10,904
11,571
57
74
33
388
82
35
70
9
843
203
77
46
80
37
405
86
40
72
9
943
216
81
436
87
98
977
80
20
90
56
460
86
92
998
67
16
99
48
1,454
2,617
100
13
110
13
7,302
29,113
1,599
82
229
10
86
225
9
15
90
253
10
123,144
32,189
4,686
86,269
1,433
1,511
1,564
1,329
2,039
24
1
35
1,031
1,020
930
271
10
434
378
56
87
33
467
1
2
3
570
19,765
20,534
22,253
478
87
100
477
617
231
486
618
224
497
642
248
1,106
4,336
4,386
4,777
69
16
109
53
530
333
555
95
529
210
594
99
547
232
643
104
1,560
2,709
1,002
1,643
2,820
1,037
5,724
1,169
6,220
1,196
6,910
1,254
760
878
295
10
319
16
549
13
616
931
703
1,433
1,957
1,530
2,114
21
747
14
743
783
3,534
3,632
3,868
61
62
63
64
77
78
79
80
64
73
75
96
87
92
81
12,661
9,933
13,554
10,769
14,893
5,788
1,154
7,951
15,795
6,152
1,246
8,396
16,070
6,363
1,319
8,387
82
83
84
85
202
207
225
11,679
9,023
147
1,084
159
1,145
164
1,175
618
692
745
2,038
2,036
2,039
j8
• September 2993
SURVEY OF CURRENT BUSINESS
Table 3. Personal Income by Major Source
[Millions
New York
tew Jersey
r
Item
Line
Pennsylvaniai
Illinois
Great Lake:
1990
1991
1992
1990
1991
1992
1990
1991
1992
1990
1991
1992
1990
1991
1992
193,693
193,428
197,135
196,858
210,059
209,768
397,796
396,894
407,942
407,106
432,001
431,098
231,100
230,298
772,192
766,407
5,785
798,109
794,615
3,493
849,274
843,911
5,364
233,019
231,525
1,494
239,916
239,202
Income by Place of Residence
Total personal income (lines 6-11)
Nonfarm personal income
Farm income (line 17) 2
Population (thousands)3
Per capita personal income (dollars)4
265
277
292
903
836
904
222,442
221,392
1,050
803
244,814
243,662
1,152
715
255,651
253,998
1,653
7,735
25,040
7,753
25,426
7,789
26,969
18,002
22,097
18,055
22,595
18,119
23,842
11,893
18,704
11,958
19,326
12,009
20,385
42,076
18,352
42,427
18,811
42,753
19,865
11,443
20,363
11,541
20,789
11,631
21,980
127,250
8,990
15,964
134,225
36,889
22,579
129,283
9,392
15,191
135,082
36,647
25,406
137,533
9,866
16,810
144,477
36,680
28,903
296,536
21,606
-18,884
256,045
77,372
64,379
299,111
22,288
-17,770
259,053
76,421
72,467
317,993
23,408
-19,696
274,889
75,989
81,123
154,382
10,683
169,123
11,762
-184
157,176
40,843
46,795
559,337
39,342
2,773
522,768
134,189
115,235
574,112
41,416
2,863
535,558
135,301
127,250
614,097
43,448
3,083
573,732
134,815
140,727
170,797
11,590
175,668
12,252
187,557
12,797
53
141
173
143,696
40,660
38,086
159,115
11,241
-128
147,747
40,816
42,538
159,261
43,250
30,508
163,557
43,333
33,026
174,934
42,995
37,723
105,861
10,060
11,329
106,732
10,732
11,820
113,040
11,634
12,859
245,088
21,486
29,962
244,700
23,105
31,306
258,848
24,949
34,197
124,595
13,569
16,217
127,349
14,872
16,894
134,285
16,100
18,738
460,314
48,904
50,119
4,378
45,741
471,127
52,719
50,265
2,052
48,213
500,386
57,528
56,183
3,785
52,398
138,545
14,433
17,819
1,195
16,623
142,315
15,458
17,895
150,513
16,774
20,270
1,340
18,930
5,785
553,552
478,492
2,438
2,348
3,493
570,618
491,103
2,755
2,672
5,364
608,734
524,645
2,906
2,828
1,494
169,303
147,631
174,954
151,844
90
84
79
2,542
1,322
2,663
1,239
2,698
1,172
426
156
638
612
209
603
650
217
659
794
765
29
933
629
106
1
196
913
884
30
972
630
165
2
175
958
929
29
975
598
173
Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-85)
Less: Personal contributions for social insurance5
Pius: Adjustment for residence6
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 7
Plus: Transfer payments8
-3
Earnings by Place of Work
Components of earnings:
Wages and salaries
Other labor income
Proprietors' income 9
Farm
Nonfarm9
165
177
194
588
520
593
712
460
817
11,163
11,642
12,665
29,374
30,786
33,604
15,505
16,434
17,920
1,050
153,332
133,060
803
158,313
136,927
1,152
167,970
145,453
715
678
37
818
781
37
842
806
36
1,351
1,332
1,342
989
129
3
230
922
195
5
209
920
207
6
210
421
17,474
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fisheries, and other 10
Agricultural services
Forestry, fisheries, and other 10
Mining
,
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction
Manufacturing
,
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery and computer equipment
Electric equipment, except computer equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries
265
277
292
903
836
904
126,985
108,975
129,006
109,918
137,241
116,830
513
474
39
103
(D)
-1
(D)
96
546
503
43
139
(D)
48
(D)
82
558
513
45
145
(D)
52
(D)
84
295,633
248,643
1,008
298,275
250,560
1,090
317,090
268,061
1,100
744
264
328
6
107
51
165
817
273
391
5
164
68
154
803
297
415
6
189
72
149
7,284
6,322
6,374
14,036
12,712
12,226
9,515
8,902
9,403
30,849
29,536
31,106
10,205
9,670
9,980
23,865
13,974
1,777
23,888
14,363
1,804
24,552
15,081
1,898
42,739
18,380
2,546
42,681
18,422
2,612
43,436
19,304
2,689
34,506
13,764
2,646
34,876
14,304
2,778
36,118
14,966
2,912
154,526
47,107
9,601
155,086
48,877
10,034
163,813
52,028
10,749
35,318
14,022
3,383
35,525
14,559
3,513
37,061
15,582
3,810
405
732
929
404
702
924
418
707
950
89
318
(D)
327
(D)
335
2,229
6,239
2,218
6,548
2,306
6,962
1,135
3,777
2,974
1,150
3,858
3,170
1,246
3,991
3,490
603
5
971
84
654
(D)
663
1,003
1,073
P)
582
530
514
604
578
580
382
371
383
2,752
1,411
6,446
2,901
2,761
1,332
6,341
3,086
2,756
1,416
6,727
3,386
1,227
1,516
2,561
3,101
1,281
1,519
2,620
3,379
1,318
1,593
2,704
3,618
1,565
5,755
9,681
10,086
1,322
1,535
5,867
9,995
10,924
1,372
1,489
6,255
10,580
11,662
1,484
297
124
275
151
286
148
646
28
690
26
682
26
1,054
1,095
1,146
1,241
1,257
1,366
715
1,653
185,904
161,556
202
16
17
19
508
14
542
(D)
589
(D)
8,240
8,313
8,939
1,724
1,788
1,911
(D)
(D)
266
240
236
193
175
166
459
450
468
100
106
100
9,891
9,525
9,471
24,359
24,259
24,132
20,743
20,572
21,152
470
532
452
467
450
455
847
516
857
498
901
503
363
474
356
464
396
501
1,435
2,001
1,891
1,360
1,918
1,774
1,353
1,869
1,686
3,960
2,912
4,058
2,649
1,473
3,846
2,909
4,007
2,607
1,543
3,814
3,036
3,939
2,758
1,631
2,189
3,680
5,842
4,056
106
226
690
1,831
1,861
1,946
545
541
554
1,057
1,990
5,472
3,755
1,126
1,671
1,106
5,816
1,236
2,227
3,428
5,901
3,942
125
258
663
1,053
1,945
5,437
3,748
1,173
1,677
1,118
6,007
1,183
2,232
3,544
6,031
3,932
145
264
702
1,009
2,016
5,315
3,815
1,266
1,594
1,140
5,987
1,214
111,786
2,842
3,182
12,313
16,544
23,307
11,996
4,113
26,708
3,982
4,718
2,080
21,479
127
209
706
106,208
2,614
2,958
11,952
15,698
22,627
11,471
4,347
24,507
3,710
4,382
1,942
20,966
133
214
679
107,420
2,583
2,973
12,135
15,943
23,148
11,363
4,408
24,828
3,788
4,344
1,906
21,296
155
241
681
9,770
10,224
10,796
18,543
18,895
19,536
35,603
2,141
10,511
637
599
686
1,579
1,406
1,556
1,438
1,607
1,520
706
711
756
10,393
10,620
11,367
510
491
438
1,305
1,300
1,381
701
693
739
1,505
1,468
1,494
698
696
762
37,508
2,207
11,205
12,280
12,745
13,505
112
124
129
654
687
707
671
646
663
841
871
893
2,562
2,539
2,571
2,717
2,669
2,719
2,739
2,733
2,827
34,707
2,121
10,475
3,055
3,022
3,166
514
583
628
554
617
597
207
246
236
365
393
407
105
118
115
1,753
3,311
1,518
1,866
3,486
1,625
1,977
3,767
1,724
5,305
6,131
3,182
5,263
6,268
3,392
5,223
6,627
3,663
1,906
2,050
2,820
2,133
1,906
2,956
2,272
2,299
3,070
6,209
7,777
7,760
6,701
7,748
8,108
7,060
8,017
8,613
3,112
2,762
2,406
3,409
2,754
2,571
3,546
3,037
2,749
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository and nondepository credit institutions
Other finance, insurance, and real estate 12
11,607
11,532
8,704
2,566
6,139
11,501
11,484
9,002
2,430
6,571
12,502
11,883
10,028
2,632
7,397
19,956
22,217
41,092
12,366
28,726
19,444
22,055
43,254
12,449
30,805
20,247
22,604
52,180
13,565
38,615
9,497
15,294
9,137
3,230
5,907
9,613
15,632
9,823
3,381
6,443
10,138
16,408
10,675
3,657
7,018
37,291
52,656
32,256
11,162
21,094
38,577
54,116
34,859
11,704
23,155
40,553
57,231
38,336
12,944
25,392
13,734
15,341
13,948
4,208
9,741
14,100
15,741
14,996
4,407
10,589
14,654
16,591
16,584
4,867
11,717
Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair, services, and parking
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services
Social services
Museums, botanical, zoological gardens
Membership organizations
Engineering and management services
Miscellaneous services
35,597
2,219
36,814
2,183
39,992
2,282
88,723
1,974
2,048
90,037
2,011
1,997
96,316
2,094
2,061
42,653
45,311
956
972
49,160
1,018
1,512
131,228
2,899
4,954
137,908
3,034
5,007
150,494
3,132
5,310
45,078
1,059
1,520
47,181
1,114
1,515
51,247
1,164
1,609
Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation n
Communications
Electric, gas, and sanitary services
Government and government enterprises
Federal, civilian
Military
State and local
See footnotes at end of table.
949
222
940
214
980
235
8,389
8,298
9,109
938
488
920
462
940
487
1,083
1,282
1,376
197
192
213
10,021
2,398
10,939
2,478
1,104
12,253
2,634
1,173
795
12
839
861
17
851
5,947
6,366
964
728
10
837
1,437
1,449
908
873
958
266
256
282
910
881
971
277
267
295
15,501
1,631
14,492
1,628
15,511
1,644
6,032
1,241
6,040
1,345
6,594
1,372
23,485
4,050
2,042
3,924
1,140
45,146
10,182
4,637
4,032
23,583
4,256
1,908
4,574
1,237
49,296
10,564
5,107
4,444
26,263
4,491
2,091
5,024
1,370
54,428
11,273
5,446
4,941
9,702
1,334
9,664
1,414
10,621
1,477
908
782
753
556
524
534
3,943
2,169
24,299
11,090
5,181
4,072
4,328
2,228
26,496
11,063
5,535
4,417
4,626
2,384
29,213
11,530
5,785
4,845
1,242
1,471
1,580
179
194
208
16,062
3,383
3,082
1,536
17,632
3,534
3,379
1,714
19,504
3,831
3,660
1,889
45
56
64
205
228
242
97
107
109
1,439
4,982
1,474
5,061
1,547
5,347
5,395
17,282
5,550
17,286
1,932
6,671
1,997
6,714
2,110
7,277
315
316
337
21,672
3,887
1,105
16,680
23,110
4,068
1,118
17,923
24,348
4,271
1,116
18,961
214
991
952
990
217
208
219
945
953
46,989
5,754
1,073
40,163
47,715
5,999
1,147
40,568
49,028
6,328
1,167
41,534
20,272
4,810
21,386
4,987
22,517
5,124
75,060
11,684
2,728
60,648
79,515
12,123
2,797
64,595
84,088
12,873
2,810
68,405
568
15,058
4,818
2,052
1,426
257
20,411
3,379
16,464
13,687
4,551
1,922
1,323
2,500
11,165
211
575
12,465
4,429
1,753
1,159
249
19,088
3,143
15,370
669
2,408
10,578
197
581
753
1,473
622
254
18,010
2,967
14,462
659
1,307
562
2,354
11,402
5,861
18,628
1,022
5,956
679
1,126
681
721
722
14,781
15,677
16,670
September
SURVEY OF CURRENT BUSINESS
and Earnings by Industry1, 1990-92—Continued
of dollars]
Michigan
Indiana
1990
1991
93,493
92,648
96,985
96,740
Wisconsin
Ohio
1992
1990
1991
1992
1990
1991
1992
104,204
103,430
170,554
169,671
175,961
175,134
185,713
184,848
189,268
188,274
195,544
194,962
207,769
206,815
1991
1992
89,702
88,577
1,125
Kansas
Iowa
Plains
1990
1990
1991
1992
1990
1991
1992
344,904
334,018
10,885
46,998
44,606
2,392
48,598
46,911
1,687
52,103
49,717
2,386
44,121
42,727
1,394
45,527
44,405
1,121
48,807
47,365
1,442
1
2
3
1990
1991
1992
95,936
94,819
1.117
311,028
300,084
10,944
323,471
314,503
8,968
845
245
774
884
827
865
994
582
954
85,858
84,289
1,569
5,554
16,834
5,610
17,288
5,662
18,405
9,314
18,312
9,380
18,759
9,437
19,680
10,859
17,430
10,941
17,873
11,016
18,860
4,906
17,501
4,956
18,101
5,007
19,162
17,690
17,582
17,812
18,160
17,960
19,204
2,780
16,904
2,795
17,385
2,812
18,526
2,480
17,788
2,495
18,246
2,523
19,348
4
5
68,218
4,271
1,383
65,330
15,077
13,085
70,497
4,546
1,356
67,307
15,174
14,504
75,958
4,787
1,448
72,618
15,156
16,430
122,810
8,980
124,880
9,291
136,641
10,362
-950
125,329
31,818
32,121
139,836
10,894
-960
127,982
32,098
35,464
149,069
11,394
-1,002
136,673
31,982
39,114
60,871
4,139
1,407
58,138
14,746
12,973
63,230
4,434
1,374
60,170
15,228
14,305
68,331
4,734
1,448
65,045
15,332
15,559
225,888
15,342
-2,297
208,249
57,295
45,484
233,618
16,425
-2,329
214,864
58,027
50,580
251,773
17,344
-2,476
231,954
58,015
54,935
32,857
2,161
33,637
2,325
36,630
2,455
333
323
343
114,710
29,298
26,547
133,182
9,736
1,017
952
116,542 124,462
29,468
29,350
29,951
31,901
31,028
8,805
7,164
31,635
9,143
7,819
34,517
9,095
8,491
30,364
2,135
1,239
29,467
8,307
6,347
31,515
2,290
1,196
30,422
8,112
6,992
34,141
2,416
1,235
32,960
8,103
7,745
6
7
8
9
10
11
55,762
6,109
6,347
57,708
6,701
6,088
61,457
7,356
7,145
102,741
11,583
8,486
103,645
12,397
8,838
114,108
11,367
11,166
116,276
12,258
11,302
123,112
13,353
12,605
49,157
5,413
6,301
1,186
5,115
51,182
5,905
6,143
55,218
6,526
6,587
175,689
17,999
32,200
9,524
658
5,929
22,676
182,294
19,731
31,592
7,591
24,001
194,503
21,614
35,656
9,434
26,221
24,279
2,610
5,967
2,088
3,880
25,319
2,846
5,472
1,389
4,083
27,019
3,101
6,509
2,067
4,442
23,564
2,440
4,359
1,178
3,182
24,521
2,712
4,283
3,360
26,233
2,969
4,939
1,243
3,696
12
13
14
15
16
8,968
224,650
187,640
1,619
1,573
10,885
240,888
202,104
1,692
1,646
2,392
30,465
25,378
1,687
31,950
26,568
2,386
34,244
28,602
1,394
28,969
23,592
1,121
30,394
24,719
1,442
32,698
26,574
17
18
19
46
46
1,235
1,340
1,423
157
371
395
313
161
457
405
317
164
513
420
326
300
294
7
61
4
1
0
56
371
364
7
77
3
11
0
62
387
381
6
84
4
14
0
66
180
177
2
304
15
256
0
32
211
208
2
323
10
278
1
34
217
215
2
364
9
321
1
33
20
50
11,857
13,123
1,609
1,630
1,828
1,589
1,586
1,788
5,677
2,090
5,894
2,209
6,227
2,339
880
110,087
13,518
9,577
640
44
560
590
513
513
766
358
715
5,707
6,044
6,585
7,896
8,325
9,064
10,400
10,944
11,890
716
5,426
845
245
774
884
827
865
994
582
954
67,373
58,271
70,252
60,554
75,184
64,925
121,927
104,665
124,053
105,919
132,317
113,213
135,647
117,061
139,255
119,643
148,116
127,366
1,569
59,302
50,863
1,125
62,104
53,143
1,117
67,214
57,586
287
282
5
409
298
15
0
96
333
329
4
394
264
33
0
96
353
349
4
390
247
40
0
102
461
436
25
349
0
128
113
107
511
488
22
409
0
164
141
103
536
515
20
420
0
169
145
105
534
527
7
765
394
177
29
166
582
576
6
773
344
225
47
156
620
615
5
779
325
237
50
167
362
339
23
86
1
0
12
73
416
395
21
116
1
24
19
73
19
133
1
30
20
83
5,447
5,738
7,188
6,709
7,085
4,246
4,452
21,698
5,792
22,100
6,115
946
21
174
437
970
23
180
458
23,604
6,489
1,032
40,083
8,087
1,455
27
196
497
47
669
796
1,199
1,897
1,335
2,120
4,151
1,063
1,613
195
1
1,301
1,111
1,861
5,895
211
1
232
1
119
0
1,262
1,369
1,449
39,602
8,316
1,537
(D)
628
819
1,397
2,249
120
(D)
1,438
41,914
8,849
1,659
(D)
543
884
1,493
2,421
111
(D)
1,578
41
38
38
95
86
105
15,907
15,985
17,116
31,996
31,286
33,065
625
546
620
549
682
601
400
404
435
3,111
1,694
2,327
2,650
1,015
2,332
3,104
1,721
2,286
2,720
1,073
2,346
3,225
1,798
2,506
2,858
1,241
1,819
4,453
5,102
1,090
1,224
1,674
4,356
4,986
1,074
1,280
1,790
4,626
5,160
1,144
871
631
631
609
2,913
15,746
15,440
582
730
294
576
683
307
613
724
324
687
595
232
657
612
228
16,413
691
673
244
4,644
4,785
5,038
6,337
6,443
6,692
338
1,841
39,723
12,383
1,952
127
270
1,337
2,244
2,922
484
0
2,964
82
39,857
12,787
2,057
(D)
262
1,343
2,309
3,138
482
(D)
2,997
41,981
13,544
2,188
(D)
270
1,427
2,449
3,313
534
(D)
3,174
76
78
27,070
28,437
517
391
538
386
574
413
4,274
4,419
5,857
2,534
2,010
4,562
1,553
4,242
4,340
5,727
2,514
1,923
4,603
1,508
4,356
4,531
5,885
2,660
1,949
4,995
1,631
806
418
859
429
27,341
7,921
7,953
3,409
3,464
10,944
214,944
179,936
1,368
439
1,318
420
3,851
12,171
922
17,704
6,823
1,864
18,000
7,100
1,957
19,252
7,563
2,061
44,637
18,320
6,109
45,675
19,173
6,543
48,331
20,425
6,969
7,205
2,865
1,347
7,283
2,971
1,412
7,658
3,181
1,510
97
134
94
138
97
145
82
595
85
648
92
719
2,097
1,321
2,202
1,447
505
17
0
829
143
540
18
0
907
147
2,421
4,249
2,473
2,526
4,371
2,571
2,690
4,599
2,687
10
84
156
568
236
10
0
436
17
10
89
169
580
264
11
0
419
17
13
108
195
593
284
9
0
449
19
694
6
54
136
526
281
126
0
262
3
754
6
77
145
540
278
132
0
273
3
779
7
85
156
566
293
4,339
4,312
4,476
3,587
3,685
3,888
183
183
318
538
194
172
312
537
227
185
331
415
1,609
1,543
1,573
463
63
267
489
62
264
623
64
295
75
36
85
288
618
226
76
37
87
302
600
248
87
36
94
280
594
288
1,656
1,720
1,869
292
174
428
138
184
424
155
263
200
104
37
275
168
414
134
191
107
200
106
43
2,011
214
2,042
216
2,159
2,488
2,599
801
9
132
425
430
799
11
143
411
463
220
853
12
152
430
491
394
688
387
705
1
1
2,750
423
736
1
268
596
540
295
639
572
340
657
592
2,304
3,386
2,037
2,495
3,615
2,173
2,149
2,992
1,587
2,207
3,155
1,686
2,327
3,352
1,796
2,051
1,261
456
16
0
802
141
10,900
11,688
678
320
699
696
335
705
756
387
753
1,834
3,831
1,156
1,853
3,726
1,222
1,910
3,913
1,278
993
450
241
884
264
708
264
229
817
275
761
282
8,346
3,525
3,676
10,881
246
1,006
307
833
301
3,927
319
1
334
1
365
1
1,736
1,759
1,980
336
334
324
26,317
1,195
26,503
1,209
27,906
1,340
748
757
862
1,165
3,485
6,856
2,862
3,911
2,089
1,083
2,329
593
1,192
3,550
6,763
2,987
3,787
2,100
1,057
2,452
649
1,244
3,456
7,030
3,296
3,965
2,290
1,103
2,633
687
18,352
2,173
5,216
19,303
2,270
5,544
348
358
328
320
328
490
470
491
125
132
136
1,902
2,036
1,645
1,632
1,723
2,507
2,479
2,662
1,427
1,475
1,618
17,595
2,013
5,139
66
539
905
75
579
918
145
20
470
701
782
23
512
709
824
24
548
720
881
149
174
176
3,223
4,011
3,059
3,363
4,178
3,248
3,622
4,232
3,458
40
141
0
308
4
46
48
48
1,254
1,425
1,765
1,327
1,397
1,870
132
953
137
988
1,071
1,174
1,475
1,669
1,933
1,907
1,956
1,923
1,060
1,945
2,042
3,978
6,983
3,352
1,263
2,089
4,208
7,382
3,774
1,472
2,302
7,384
11,491
5,243
2,172
3,071
7,595
11,695
5,651
2,250
3,401
8,124
12,275
6,183
2,497
3,686
8,709
13,189
6,758
2,538
4,219
9,109
13,518
7,356
2,683
4,673
9,488
14,405
7,921
2,875
5,047
3,656
5,899
3,197
1,053
2,144
3,795
6,179
3,503
1,101
2,402
4,079
6,578
3,875
1,234
2,641
15,996
22,113
13,435
4,612
8,823
16,615
23,026
14,483
4,823
9,659
17,764
24,565
15,784
5,237
10,547
2,189
3,224
1,843
675
728
776
579
1,168
1,309
1,397
1,008
1,101
1,174
13,429
14,382
15,724
27,423
28,566
31,331
32,274
33,786
36,742
13,025
13,993
15,451
6,626
7,059
7,754
529
966
181
539
961
176
655
690
695
1,018
350
554
95
372
569
93
395
600
102
60,119
1,558
2,546
8,203
332
723
115
54,673
1,473
2,406
7,438
319
682
104
51,385
1,371
2,380
6,937
307
666
107
150
338
68
165
345
66
180
372
72
127
327
65
141
334
62
142
354
69
2,139
4,884
4,866
5,541
2,292
2,344
2,636
1,227
1,270
1,476
1,256
400
181
449
48
437
178
545
52
461
200
600
60
244
135
163
42
267
124
207
43
284
145
223
47
219
204
144
27
2,620
2,873
3,162
541
332
257
4
265
524
27
568
370
298
5
272
540
27
610
388
330
5
283
596
29
402
150
181
3
269
831
31
5,087
5,382
5,642
674
113
705
114
749
121
4,300
4,563
63
500
906
996
1,025
3,808
6,735
3,109
1,191
1,918
1,919
1,951
546
193
1,248
1,279
1,359
249
241
266
4,689
4,758
5,326
1,028
524
253
398
77
557
250
483
85
585
268
524
90
865
485
815
329
890
418
950
350
940
451
927
444
959
404
1,043
1,135
1,288
416
124
129
136
5,622
6,143
6,895
9,606
1,886
10,536
1,968
11,597
2,081
655
937
22
720
998
23
768
12,392
2,217
1,192
1,112
14,696
2,492
1,375
1,206
24
980
57
13,342
2,308
1,298
1,061
1,066
3,986
1,090
3,865
1,159
4,210
1,197
4,470
825
538
430
19
617
881
609
473
21
635
938
648
527
23
665
1,054
1,117
1,175
419
1,384
66
71
1,227
4,444
1,283
4,691
5,061
5,587
6,181
825
500
526
10
583
856
559
589
11
600
945
604
671
16
643
1,102
1,145
1,275
416
402
443
8,776
1,781
8,891
1,944
10,158
2,065
928
877
960
1,545
1,907
2,163
413
442
486
18,759
3,691
2,111
1,819
20,515
3,904
2,354
2,020
22,692
4,183
2,490
2,219
61
69
73
2,174
4,955
2,224
5,033
2,331
5,527
70
73
76
211
216
233
297
292
315
51
55
62
205
210
223
9,101
1,572
9,698
1,661
10,258
1,809
17,261
2,037
18,134
2,054
19,104
2,189
18,586
3,232
19,612
3,345
20,749
3,529
8,440
8,962
331
344
345
442
454
427
663
696
727
956
186
996
184
9,628
1,075
7,198
7,693
8,105
14,782
15,626
16,488
14,690
15,570
16,494
7,298
7,782
35,008
6,338
2,431
26,240
37,010
6,685
2,524
27,802
38,784
6,952
2,678
29,154
196
8,358
4,771
585
1,301
623
1,451
252
192
166
30
267
193
177
31
2,618
2,894
416
169
205
3
278
860
31
446
183
236
4
293
982
32
5,378
5,675
927
663
982
669
6,124
1,051
3,787
4,024
2,391
818
4,255
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
80 • September 1993
SURVEY OF CURRENT BUSINESS
Table 3.—Personal Income by Major Source
[Millions
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Item
Line
1991
1992
1990
1991
1992
9,758
8,985
773
10,024
9,404
620
10,934
9,981
953
10,834
9,552
1,282
11,385
10,190
1,195
12,147
10,923
1,224
1,606
18,957
637
15,328
635
15,787
636
17,193
696
15,563
704
16,181
711
17,081
21,396
1,509
-363
19,524
5,004
4,216
22,864
1,590
-390
20,884
4,948
4,606
6,835
483
-235
6,116
1,885
1,757
7,015
521
-255
6.239
1,929
1,856
7,810
548
-274
6,988
1,919
2,027
7,610
491
2
7,121
1,979
1,733
8,005
543
-11
7,452
2,058
1,875
8,631
579
-16
8,036
2,060
2,050
14,865
1,460
4,051
1,943
2,109
15,612
1,617
4,168
1,929
2,239
16,571
1,775
4,518
2,092
2,426
4,958
437
1,440
684
756
5.198
485
1,332
538
794
5,542
534
1,734
871
863
5,004
511
2,095
1,191
904
5,348
578
2,080
1,112
968
5,785
647
2,198
1,140
1,058
904
71,047
60,963
385
375
10
256
83
34
45
94
3,942
2,193
18,183
14.556
158
155
3
44
3
12
2
27
976
2,159
19,237
15,363
191
188
4
55
3
20
3
29
976
2,322
20,541
16,543
198
195
3
54
3
19
4
28
1,088
773
6,062
4,633
51
50
1
157
58
87
0
12
343
620
6,395
4,897
60
59
1
162
60
89
0
13
344
953
6,857
5,277
63
62
1
162
64
80
0
17
387
1,282
6,328
4,960
61
57
4
95
1
3
69
22
361
1,195
6,810
5,343
74
70
4
99
1
5
71
21
367
1,224
7,406
5,865
79
75
4
111
1
6
79
24
422
13,958 13,991
5,637
6,052
1,514D
1,630
11
()
334
345
417
433
1,331
1,348
1,493
1,530
66
67
0
(D)
420
440
250
247
8,122
7,939
266
269
290
299
438
438
1,188
1,193
977
976
906
909
1,944
1,741
1,196
1,213
338
321
420
412
158
167
14,571
6,303
1,702
17
382
471
1,409
1,524
73
0
502
223
8,268
291
351
441
1,235
1,034
937
1,734
1,286
325
452
180
2,663
1,296
710
(D)
31
50
244
86
4
(D)
157
11
1,367
47
76
69
160
375
281
54
94
73
120
18
2,782
1,384
781
3
33
54
252
91
4
0
155
12
1,399
53
75
72
165
367
293
60
97
71
125
20
2,987
1,503
842
3
36
59
261
111
4
0
172
15
1,485
49
88
76
201
378
303
62
95
76
136
20
427
187
100
3
8
2
48
4
17
(D)
502
220
116
2
13
2
52
5
17
0
12
0
281
11
20
6
25
104
39
19
26
18
3
10
776
316
178
(D)
240
13
9
2
30
91
23
25
20
16
3
9
466
201
111
3
9
2
51
4
16
0
5
0
264
15
12
5
29
98
29
26
22
16
3
9
9
54
4
0
0
43
(D)
460
58
5
14
37
119
67
4
32
25
54
46
834
333
189
0
32
11
58
4
0
0
38
1
500
62
6
18
39
136
67
4
32
28
61
48
941
351
204
0
23
13
63
5
0
0
41
1
590
71
7
22
40
188
70
5
39
26
68
54
5,972
446
1,643
97
1,200
1,657
928
6,201
501
1,691
113
1,206
1,719
971
6,400
526
1,795
114
1,234
1,704
1,026
1,752
525
631
2
114
381
99
1,855
583
644
2
116
385
124
1,984
603
712
2
138
391
137
611
87
162
0
46
110
206
638
96
161
0
50
114
216
673
99
174
0
57
117
226
474
17
221
1
44
97
95
493
18
225
1
49
101
99
535
19
246
1
53
111
105
5,109
6,597
4,943
1,398
3,545
4,659
6,459
4,041
1,413
2,628
4,820
6,695
4,261
1,457
2,805
5,136
7,132
4,595
1,570
3,024
1,467
1,923
1,287
400
887
1,488
2,034
1,366
421
945
1,587
2,133
1,483
461
1,022
544
692
309
146
163
554
737
332
150
182
587
790
359
162
197
459
819
376
217
159
493
882
419
240
179
524
946
435
247
188
15,239
428
682
76
2,347
527
203
649
108
5,482
1,151
611
786
32
618
1,468
71
16,959
457
711
84
2,794
564
222
796
122
6,104
1,262
637
845
33
647
1,602
78
16,141
482
655
137
2,904
559
228
511
216
5,714
1,196
823
397
17
708
1,538
57
17,031
503
667
133
2,906
606
220
615
233
6,237
1,268
912
435
21
719
1,498
60
18,547
529
705
146
3,248
641
243
653
255
6,887
1,334
968
481
21
753
1,620
62
4,285
86
209
38
776
162
88
120
17
1,557
320
166
137
6
165
423
15
4,617
93
214
37
822
185
83
150
17
1,702
340
190
151
6
170
442
14
5,028
99
226
40
912
194
92
173
17
1,872
360
204
164
7
172
481
15
1,499
50
87
14
111
42
28
40
4
761
73
30
64
1
71
120
4
1,605
56
87
13
113
50
26
49
5
817
76
38
74
1
76
120
4
1,754
59
94
14
127
54
32
53
5
893
80
42
82
1
81
130
4
1,540
76
76
16
128
51
30
54
6
712
81
58
67
2
82
99
2
1,683
87
79
15
131
57
29
70
8
787
84
64
72
2
92
105
2
1,873
92
84
17
149
61
32
87
8
881
91
68
81
2
101
117
3
9,341
1,272
191
7,877
9.814
1,363
198
8,254
9,256
2,362
536
6,358
9,774
2,498
561
6,715
10,083
2,501
602
6,980
3,627
550
445
2,632
3,874
566
474
2,834
3,999
584
442
2,972
1,429
286
282
861
1,498
298
302
899
1,580
318
301
961
1,368
343
201
824
1,467
363
213
891
1,542
385
195
961
1990
1991
1992
1990
1991
1992
1990
1991
1992
Total personal income (lines 6-11)
Nonfarm personal income
Farm income (line 17) 2
82,324
80,151
2,173
85,266
83.730
1,536
91,512
89,858
1,654
89,551
88,814
737
93,928
93,278
650
98,963
98,059
904
27,442
25,250
2,193
28,744
26,585
2,159
30,438
28,115
2,322
Population (thousands)3
4,390
18,754
4,432
19,237
4,480
20,427
5,127
17,467
5,157
18,212
5,193
19,058
1,580
17,365
1,593
18,041
62,282
4,508
-420
57,353
13,730
11,241
64,419
4,834
-422
59,163
13,956
12,147
69,748
5,152
-458
64,138
14,080
13,294
65,565
4,168
-2,861
58,536
17,649
13,366
67,630
4,404
-2,797
60,429
17,824
15,675
71,950
4,604
-2,916
64,430
17,811
16,722
20,376
1,394
-354
18,627
4,939
3,875
50,350
5,104
6,828
1,876
4,951
52,382
5,577
6,460
1,219
5,241
56,520
6,174
7,054
1,298
5,756
52,668
5,436
7,460
565
6,895
53,915
5,917
7,798
482
7,315
56,832
6,414
8,704
724
7,980
2,173
60,109
51,246
305
285
20
342
0
8
272
62
3,497
1,536
62,883
53,543
347
329
18
373
0
26
289
59
3,364
1,654
68,094
58.280
363
344
19
391
0
38
290
63
3,669
737
64,828
55,571
314
301
13
232
76
3
51
101
3,796
650
66,980
57,206
366
355
11
251
84
27
41
99
3,591
13,932
5,730
1,565
47
57
1,650
1,479
369
96
0
413
54
8,203
552
149
240
1,244
3,068
897
166
218
264
1,214
192
14,426
6,023
1,666
52
62
1,712
1,543
400
104
0
429
54
8,404
540
156
260
1,285
3,042
952
174
197
256
1,316
227
15,446
6,528
1,816
48
72
1,794
1,654
466
120
0
495
63
8,918
604
176
275
1,260
3,159
1,037
211
256
273
1,444
224
Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation n
Communications
Electric, gas, and sanitary services
4,287
331
993
40
1,419
744
760
4,524
370
992
46
1,505
809
803
4,803
380
1,027
47
1,646
822
880
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository and nondepository credit institutions
Other finance, insurance, and real estate 12
4,529
6,005
3,992
1,183
2,809
4,749
6,138
4,381
1,242
3,139
14,356
400
688
79
2,375
502
216
514
100
5,005
1.077
553
715
28
615
1,421
69
8,862
1,196
189
7,478
1990
Income by Place of Residence
Per capita personal income (dollars)4
Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-85)
Less: Personal contributions for social insurance3
Plus: Adjustment for residence6
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 7
Plus: Transfer payments8
Earnings by Place of Work
Components of Earnings:
Wages and salaries
Other labor income
Proprietors' income 9
Parm
,
Nonfarm9
,
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fisheries, and other 10
Agricultural services
Forestry, fisheries, and other 10
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction
Manufacturing
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery and computer equipment
Electric equipment, except computer equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries
Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair, services, and parking
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services
Sxial services
Museums, botanical, zoological gardens
Membership organizations
Engineering and management services
Miscellaneous services
Government and government enterprises
Federal, civilian
Military
State and local
See footnotes at end of table.
,
P)
28
September 1993
SURVEY OF CURRENT BUSINESS
•
8l
and Earnings by Industry1, 1990-92—Continued
of dollars]
Southeast
Alabama
Florida13
Arkansas
.ouisianal
Kentucky
Georgia
Lin 6
1990
1991
1992
980,917 1,028,327 1,094,827
969,967 1,015,332 1,081,425
10,951
12,995
13,402
1990
1991
1992
1990
1991
1992
60,187
59,282
905
63,774
62,555
1,219
68,221
67,163
1.058
32,691
31,570
1,121
34,661
33,443
1,218
37,817 243,038 251,992 262,929 110,779 116,393 124,803
36,217 240,834 249,156 260,398 109,615 114,866 123,192
1,600
2,204
2,836
2,530
1,164
1,527
1,610
1990
1991
1992
1990
1991
1992
1990
1991
1992
1990
1991
1992
55,422
54,372
1,050
58,587
57,499
1,088
63,261
61,961
1,300
60,081
59,570
511
63,959
63,385
574
68,055
67,412
644
1
2
3
13,488
19,494
6,504
17,033
6,623
17,574
6,751
18,485
3,690
15,020
3,713
15,780
3,755
16,848
4,211
14,267
4,254
15,036
4,287
15,874
4
5
26,904
2,113
-103
24,688
5,166
7,963
147,962 153,552 163,300
8,755
9,260
9,796
-194
-140
-141
139,014 144,152 153,363
65,018 64,277 60,668
39,006 43,564 48,898
84,422
5,136
-72
79,214
16,934
14,631
87,713
5,435
-75
82,204
17,498
16,692
94,637
5,798
-98
88,741
17,720
18,342
39,291
2,366
174
37,098
8,643
9,681
41,132
2,524
80
38,688
8,855
11,045
44,868
2,696
-1
42,172
8,961
12,127
43,163
3,133
-229
39,801
9,379
10,901
45,817
3,394
-259
42,163
9,377
12,419
48,417
3,511
-252
44,654
9,291
14,110
6
7
8
9
10
11
20,212
2,375
4,317
1,391
2,926
122,351 125,756 133,537
11,776 12,349 13,523
13,835 15,446 16,241
1,421
2,082
1,918
12,414 13,364 14,323
69,837
7,077
7,508
941
6,567
71,789
7,679
8,245
1,312
6,933
77,060
8,508
9,069
1,436
7,633
30,590
3,459
5,241
874
4,368
31,821
3,756
5,555
914
4,641
34,462
4,139
6,267
1,132
5,135
34,519
3,686
4,958
365
4,594
36,420
4,055
5,342
423
4,919
38,143
4,377
5,896
508
5,388
12
13
14
15
16
13,402
754,187
613,824
4,987
4,385
602
8,279
3,996
2,917
153
1,213
41,784
2,204
1,164
905
1,219
1,058
1,121
1,600
2,836
2,530
1,218
42,301 44,424 47,727 21,916 23,210 25,304 145,758 150,716 160,770 83,258
33,761 35,273 38,092 18,227 19,223 21,066 120,698 124,045 133,210 68,784
225
253
270
165
187
201
1,480
1,668
1,753
386
167
197
211
141
167
183
1,350
1,525
1,609
322
58
56
59
24
19
18
130
143
145
63
591
598
560
132D
136
142D
286
395D
405
309
D
419
414
381
0
(
)
(
)
(
)
(
)
P)
(°
D
8)
125
149
-1
(D)
(D)
(DD)
(DD)
(D) ( )
1
()
()
(D)
94
36
239
38
38
308
2,384
2,346
2,405
1,293
1,241
1,399
9,842
8,724
8,987
4,776
1,527
86,186
70,807
416
355
61
297
0
21
0
275
4,233
1,610
93,027
77,049
430
369
62
319
0
22
0
296
4,403
1,050
38,240
31,636
232
228
4
1,662
1,533
52
2
76
2,226
1,088
40,044
32,862
260
256
5
1,559
1,423
62
2
73
2,174
1,300
43,568
35,735
265
260
5
1,545
1,390
77
2
76
2,506
511
42,652
34,954
227
157
70
2,254
14
2,164
10
67
2,877
574
45,243
36,942
266
187
79
2,352
14
2,253
14
72
3,081
644
47,773
38,979
277
198
80
2,187
15
2,084
17
71
3,297
17
18
19
20
21
22
23
24
25
26
27
28
133,679
67,727
10,334
11,811
6,682
7,597
8,030
13,171
1,385
2,331
5,968
419
65,952
6,412
4,317
5,554
7,288
11,068
10,617
7,356
4,668
3,968
3,224
1,481
143,122
72,884
10,852
12,779
7,209
8,167
8,355
14,324
1,523
2,427
6,806
442
70,238
6,995
4.S74
5,931
7,650
11,566
11,423
7,489
5,402
4,147
3,380
1,579
10,178 10,499
4,759
4,943
682
724
831
850
752
805
963
1,005
348
359
505D
527
58
(D)
9
()
611
604
D
1
()
5,419
5,556
702
721
200
211
990
976
653
652
807
864
571
605
664
684
361
364
235
235
96
104
139
138
48,836
2,797
12,582
1,906
9,789
12,251
9,510
50,958
2,988
12,755
2,092
10,117
12,848
10,157
54,325
3,151
13,878
2,061
10,783
13,629
10,823
2,965
201
876
(DD)
()
882
778
3,113
216
885
(DD)
()
920
843
42,683
73,636
36,501
14,135
22,367
44,136
75,408
38,716
14,497
24,219
46,984
80,491
41,805
15,653
26,152
2,450
4,182
1,895
778
1,118
162,989
6,896
6,129
2,959
25,945
4,999
2,872
5,574
863
54,570
12,410
5,138
3,850
166
6,229
22,772
1,616
173,283
7,088
6,242
2,881
26,473
5,323
2,626
6,353
941
60,270
13,095
5,944
4,354
178
6,361
23,521
1,634
192,046
7,448
6,607
3,198
30,115
5,673
2,898
7,076
999
67,612
14,254
6,337
4,894
208
6,682
26,265
1,780
125,346
26,624
16,711
82,010
133,166
28,093
17,868
87,205
140,363
29,801
19,863
90,699
59,465
16,496
60,246
17,069
61,089
17,922
4,046
14,875
4,091
15,590
4,136
16,496
2,353
13,891
2,373
14,603
2,399
15,765
686,489
43,309
4,755
647,935
177,273
155,709
715,304
46,063
5,016
674,257
179,047
175,022
767,589
48,774
5,245
724,060
176,158
194,610
43,206
2,915
695
40,986
8,400
10,801
45,644
3,137
699
43,206
8,665
11,903
48,785
3,307
758
46,236
8,679
13,306
23,037
1,833
-54
21,150
5,041
6,500
24,428
1,977
-88
22,362
5,127
7,172
560,123
56,285
70,081
8,370
61,710
578,408
60,832
76,065
10,447
65,619
617,801
66,873
82,915
11,169
71,746
35,113
3,741
4,351
770
3,581
36,665
4,077
4,901
1,089
3,813
39,186
4,472
5,127
952
4,175
17,709
1,935
3,394
894
2,500
18,660
2,145
3,623
983
2,640
10,951
675,538
550,192
4,264
3,699
565
8,385
4,279
2,695
126
1,285
42,824
12,995
702,309
569,143
4,762
4,179
583
8,536
4,102
3,041
150
1,244
39,665
130,074
65,220
9,765
11,614
6,434
7,270
7,805
12,450
1,285
2,333
5,832
431
64,854
6,409
4,353
5,471
7,243
10,894
10,413
7,171
4,351
4,078
3,027
1,443
8
13,045
18,631
13,267
18,995
fl a
Q
11,233
5,349
770
980
836
1,052
375
575
68
10
681
1
5,884
818
238
1,047
682
870
665
666
407
247
110
135
5,515
2,604
1,002
(D)
141
492
269
205D
()
0
323
73
2,911
490
197
276
422
427
478
143
145
116
144
72
5,778
2,774
1,077
76
159
531
280
209
38
0
333
71
3,005
511
205
291
432
455
474
152
149
121
140
75
6,178
2,961
1,150
86
183
556
271
220
44
0
374
76
3,216
548
221
313
449
491
506
154
174
134
146
80
15,536
5,807
1,368
82
513
515
1,821
864
59
35
510
40
9,730
547
290
178
898
1,488
1,963
2,192
184
665
1,107
218
15,681
5,943
1,385
101
537
522
1,856
905
60
27
512
39
9,738
495
293
183
867
1,571
2,035
2,147
175
588
1,165
220
16,418
6,246
1,411
102
575
581
1,920
966
63
29
556
44
10,171
513
299
187
852
1,591
2,293
2,157
201
592
1,260
227
15,202
8,731
1,627
2,423
906
1,245
1,137
708
38
172
451
25
6,471
790
211
568
574
805
999
1,026
534
535
273
154
15,630
9,102
1,788
2,463
944
1,303
1,168
746
36
173
454
27
6,528
746
210
551
561
825
1,022
1,035
543
552
321
162
16,829
9,793
1,880
2,638
1,029
1,403
1,227
804
40
204
539
29
7,036
831
215
577
597
899
1,112
1,186
537
570
345
167
8,794
3,622
572
184
423
309
533
636
196
270
464
33
5,172
318
91
707
538
1,203
932
86
806
285
93
113
8,873
3,803
636
181
452
320
564
706
200
261
456
28
5,070
330
89
694
552
1,027
902
83
870
298
101
122
9,587
4,143
678
204
527
353
570
748
237
270
528
28
5,444
361
100
745
605
1,034
965
92
983
327
108
124
6,270
3,820
478
71
146
529
287
1,547
675
0
85
0
2,451
311
15
99
423
373
229
646
134
142
30
50
6,613
4,033
498
74
153
533
302
1,624
749
0
99
1
2,580
316
15
99
477
417
242
650
141
135
33
54
6,945
4,331
524
94
162
559
305
1,760
805
0
121
1
2,614
353
16
102
473
421
234
611
143
151
46
63
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
3,229
227
957
2,055
234
824
8
128
381
481
2,221
252
881
8
138
389
553
9,540
332
1,852
473
2,537
2,645
1,701
9,877
367
1,844
539
2,512
2,801
1,813
10,525
381
1,976
582
2,550
3,082
1,954
7,567
382
1,604
70
2,114
2,291
1,105
7,857
403
1,640
74
2,137
2,445
1,159
8,706
424
1,900
70
2,395
2,667
1,251
2,826
269
954
91
449
457
605
3,012
282
1,023
103
493
471
639
3,249
297
1,136
104
551
482
679
3,684
182
715
766
484
608
929
3,862
192
716
806
532
630
986
3,964
207
744
773
560
634
1,047
53
54
55
56
57
58
59
2,512
4,365
1,998
803
1,195
871
913
2,695
4,689
2,204
894
1,310
1,987
227
824
8
115
372
441
1,165
2,502
957
378
579
1,225
2,695
1,020
395
625
1,321
2,980
1,102
422
680
9,603
18,619
10,388
3,755
6,632
9,809
18,731
11,125
3,759
7,366
10,542
19,895
12,048
3,988
8,060
7,732
8,447
5,427
1,798
3,629
8,009
8,583
5,752
1,874
3,878
8,544
9,140
6,235
2,030
4,205
2,020
4,194
1,552
693
859
2,123
4,395
1,654
723
931
2,270
4,719
1,791
787
1,004
2,449
4,263
2,034
812
1,222
2,585
4,475
2,135
819
1,316
2,696
4,718
2,236
848
1,389
60
61
62
63
64
8,892
196
334
188
1,127
286
171
163
35
3,176
707
226
187
2
392
1,586
115
9,590
202
342
183
1,173
305
165
189
38
3,556
789
258
211
2
402
1,656
118
10,806
216
364
202
1,375
327
192
211
41
3,999
879
265
236
3
419
1,949
128
4,510
133
223
68
664
178
88
108
19
1,969
294
95
154
1
195
304
17
4,886
146
230
66
696
201
84
128
20
2,174
316
109
178
200
319
16
5,523
154
246
73
808
213
96
141
22
2,467
336
114
205
1
208
421
18
45,404
2,673
1,330
747
6,408
1,328
709
2,444
217
14,864
3,837
1,061
1,130
35
1,540
6,430
650
48,036
2,698
1,358
731
6,680
1,400
641
2,682
264
16,344
4,008
1,198
1,270
41
1,548
6,528
644
52,637
2,838
1,434
813
7,640
1,489
680
2,956
279
18,056
4,337
1,257
1,423
45
1,627
7,072
692
18,938
811
633
343
3,542
632
274
489
152
5,658
1,591
663
361
13
720
2,884
174
20,028
864
640
335
3,540
647
267
574
149
6,248
1,657
762
388
14
735
3,001
208
22,444
922
689
374
4,074
688
290
688
168
7,306
1,785
818
433
16
771
3,201
221
8,129
215
406
102
1,030
271
136
269
40
3,582
582
226
201
6
337
683
42
8,812
228
421
98
1,068
321
127
319
42
4,001
623
260
222
7
344
706
24
9,803
239
447
109
1,230
347
143
342
46
4,502
691
275
249
8
361
786
27
10,895
331
380
223
1,716
269
232
259
45
3,878
1,322
434
211
6
352
1,136
51
11,573
410
390
216
1,732
294
200
308
54
4,319
1,394
465
240
6
360
1,130
56
12,657
427
412
238
1,806
313
215
349
59
4,867
1.496
489
272
17
378
1,240
79
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
8,539
2,272
808
5,459
9,151
2,371
848
5,932
9,635
2,493
922
6,221
3,690
706
331
2,653
3,987
753
347
2,888
4,238
800
318
3,120
25,060
4,227
2,903
17,931
26,671
4,460
3,099
19,111
27,561
4,800
3,239
19,521
14,474
3,302
1,576
9,597
15,380
3,513
1,751
10,115
15,978
3,666
2,102
10,210
6,604
1,323
839
4,442
7,181
1,406
869
4,906
7,833
1,468
1,113
5,252
7,699
1,246
833
5,620
8,300
1,307
919
6,074
8,794
1,384
924
6,487
82
83
84
85
8
1
82
•
SURVEY OF CURRENT BUSINESS
September 1993
Table 3.—Personal Income by Major Source
[Millions
Mississippi
South Carolina
North Carolina
Virginia
Tennessee
Item
Line
1990
1991
1992
1990
1991
1992
52,744
52,441
303
55,110
54,704
406
58,362
58,007
355
77,493
77,077
416
81,719
81,261
459
88,584 122,444 127,520
87,998 121,870 126,950
571
585
574
6,843
17,986
3,498
15,077
3,560
15,479
3,603
16,197
4,887
15,856
4,953
16,498
5,024
17,632
6,213
19,708
6,280
20,305
86,174
5,431
-420
80,323
16,428
17,468
93,486
5,806
-480
87,200
16,690
19,183
38,837
2,502
575
36,910
7,449
8,385
40,071
2,642
542
37,971
7,597
9,541
42,364
2,771
611
40,203
7,632
10,527
58,616
3,731
-943
53,942
11,144
12,407
61,445
4,003
-924
56,518
11,164
14,038
66,966
4,293
-987
61,687
11,246
15,650
86,423
5,299
4,814
20,940
15,565
89,017
5,555
5,127
88,589
21,779
17,152
67,134
6,572
9,263
1,771
7,492
69,002
7,194
9,977
2,068
7,909
74,783
7,974
10,729
1,999
8,730
32,505
3,195
3,138
205
2,933
33,239
3,418
3,414
312
3,102
34,965
3,735
3,664
279
3,385
46,852
4,907
6,857
286
6,571
5,421
7,336
330
7,006
52,704
6,037
8,225
461
7,763
72,798
6,538
7,087
415
6,673
74,545
7,048
7,425
412
7,013
788
24,441
19,462
170
126
43
179
0
161
0
17
1,120
2,083
80,886
67,013
470
418
52
173
0
-2
4
170
5,188
2,381
83,793
69,134
535
476
59
206
0
26
5
174
4,831
2,298
91,188
75,029
555
491
64
149
0
27
5
117
5,213
303
38,534
30,613
206
152
54
60
1
-1
11
49
2,886
406
39,665
31,230
215
162
52
69
1
10
10
47
2,581
355
42,008
33,240
229
167
63
70
1
11
12
46
2,489
416
58,200
49,340
259
244
15
248
79
9
63
97
3,270
51,801
296
283
13
256
57
24
82
93
3,152
585
66,381
56,916
311
298
13
264
50
32
88
94
3,508
574
85,850
64,655
408
367
41
694
579
9
5
101
6,155
571
88,446
66,044
441
393
48
707
562
47
8
91
5,409
6,049
2,479
558
132
487
344
168
375
119
0
289
6
3,570
643
547
121
344
379
548
592
110
139
64
82
6,516
2,679
585
149
516
364
179
403
137
0
339
8
3,838
701
598
121
361
416
581
638
124
144
63
89
22,638
12,768
1,174
4,370
1,181
827
816
2,281
25
1,071
960
64
9,870
898
1,743
423
816
2,364
1,676
118
637
611
433
150
23,253
13,163
1,212
4,461
1,192
838
859
2,417
25
1,092
1,005
62
10,090
927
1,668
489
811
2,437
1,743
149
637
610
453
165
25,214
14,409
1,244
4,835
1,281
908
895
2,870
25
1,122
1,165
63
10,806
1,010
1,783
552
895
2,538
1,860
139
740
640
469
181
10,265 10,534
6,725
6,522
352
340
2,214
2,228
577
578
670
714
304
316
1,771
1,633
16
15
6
(D)
757
745
3
(D) 3,809
367
3,742
96
369
324
92
476
322
1,108
480
603
1,071
129
597
180
121
287
190
155
285
135
11,312
7,191
365
2,318
630
782
319
1,926
18
5
826
1
4,121
382
108
350
530
1,189
661
126
221
300
160
93
14,336
6,852
1,093
427
902
744
947
1,694
31
48
823
142
7,484
500
538
625
1,322
1,113
1,000
422
914
447
316
286
15,004
7,125
1,105
448
926
798
973
1,812
34
41
851
138
7,878
511
553
732
1,343
1,108
1,018
405
1,161
429
342
277
16,448
7,742
1,180
492
997
874
1,055
1,904
33
52
1,007
150
8,706
552
635
786
1,405
1,180
1,129
398
1,471
480
355
316
12,664
6,184
854
790
389
611
1,055
1,198
25
718
520
24
6,479
667
439
482
601
688
1,324
1,183
320
394
299
83
12,901
6,348
910
796
398
661
1,062
1,210
31
715
543
23
6,553
654
417
477
607
715
1,340
1,268
324
364
299
87
1,506
68
544
68
117
320
391
1,560
74
551
71
123
332
410
1,648
80
574
68
139
340
447
5,337
161
1,737
41
1,142
1,066
1,190
5,584
169
1,764
68
1,197
1,072
1,313
5,894
178
1,908
47
1,245
1,188
1,328
2,220
121
586
67
277
498
671
2,252
125
566
72
281
503
706
2,352
132
621
63
289
515
733
4,162
274
1,507
4,361
280
1,528
D
4,663
295
1,667
5,674
394
1,086
167
1,058
2,027
942
5,998
445
1,109
186
1,109
2,146
1,002
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository and nondepository credit institutions
Other finance, insurance, and real estate n
1,097
2,372
969
448
521
1,156
2,463
1,016
461
555
1,237
2,651
1,082
491
591
5,093
8,570
3,656
1,625
2,031
5,241
8,771
3,923
1,691
2,233
5,628
9,344
4,254
1,882
2,372
1,784
4,228
1,657
659
999
1,793
4,314
1,763
703
1,060
1,835
4,611
1,839
746
1,093
Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair, services, and parking
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services,
Social services
Museums, botanical, zoological gardens
Membership organizations
Engineering and management services
Miscellaneous services
4,050
107
165
123
404
149
97
61
16
1,550
350
136
107
2
196
548
38
4,387
118
172
119
397
171
110
73
18
1,736
376
148
119
2
201
586
42
4,858
121
186
132
439
183
129
117
21
1,938
412
153
134
2
211
639
44
15,889
470
751
381
2,655
549
349
445
93
5,095
892
1,001
479
18
658
1,885
167
16,791
486
763
370
2,687
576
297
516
113
5,642
938
1,130
554
19
673
1,867
161
18,779
507
803
411
3,185
624
329
570
97
6,301
1,033
1,232
634
23
713
2,145
174
7,308
370
297
196
1,041
258
217
210
33
2,005
548
205
200
305
1,233
187
7,708
395
306
192
1,054
275
173
236
29
2,247
573
235
238
5
312
1,249
189
8,503
418
325
212
1,160
288
194
254
41
2,520
667
251
265
6
330
1,369
203
4,577
875
529
3,173
4,765
919
551
3,295
4,979
988
578
3,414
13,872
1,824
2,086
9,963
14,659
1,937
2,181
10,540
16,160
2,159
2,846
11,154
7,921
1,261
1,474
5,186
8,435
1,317
1,570
5,548
8,768
1,300
1,616
5,852
1990
1991
1992
Total personal income (lines 6-11)
Nonfarm personal income
Farm income (line 17) 2
32,458
31,909
549
34,343
33,690
654
36,936 108,941 114,219 123,074
36,147 106,858 111,838 120,776
2,381
2,298
788
2,083
Population (thousands)3
2,574
12,609
2,593
13,243
2,614
14,128
6,653
16,375
6,736
16,957
22,257
1,429
658
21,487
4,263
6,708
23,399
1,547
714
22,566
4,359
7,418
25,229
1,647
750
24,332
4,378
8,225
82,969
5,116
-435
77,418
16,231
15,293
17,540
1,891
2,826
386
2,441
18,244
2,075
3,081
485
2,596
19,447
2,287
3,495
638
2,857
549
21,709
17,131
151
100
51
175
0
160
0
15
1,058
654
22,745
17,981
162
117
45
175
0
158
0
17
1,013
Manufacturing
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery and computer equipment
Electric equipment, except computer equipment
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries
5,753
2,288
485
132
458
337
165
320
107
0
277
6
3,465
637
524
115
351
380
558
504
112
146
58
81
Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation u
Communications
Electric, gas, and sanitary services
1990
1991
1992
1990
1991
Income by Place of Residence
Per capita personal income (dollars)4
Derivation of Total Personal Income
Earnings by place of work (line 12-16 or 17-85)
Less: Personal contributions for social insurance5
Plus: Adjustment for residence6
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 7
Plus: Transfer payments8
Earnings by Place of Work
Components of earnings:
Wages and salaries
Other labor income
Proprietors' income 9
Farm
Nonfarm9
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fisheries, and other 10
Agricultural services
Forestry, fisheries, and other 10
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction
Government and government enterprises
Federal, civilian
Military
State and local
See footnotes at end of table.
c
P
82!
238
3,893
6,349
2,885
1,063
1,823
13,938
651
640
196
1,996
418
220
544
76
5,447
760
480
226
15
538
U
48
8,860
2,251
435
6,174
459
()
870
265
4,093
6,580
3,065
1,099
1,966
14,996
612
640
190
2,094
445
217
671
80
5,975
804
607
254
16
550
1,794
46
9,185
2,290
448
6,447
8
881
302
4,377
7,208
3,341
1,195
2,145
16,796
632
685
211
2,432
484
242
731
89
6,804
873
650
289
21
581
2,021
51
4,592
8,249
4,552
1,862
2,690
4,741
8,322
4,697
1,894
2,803
21,666
767
812
34:
5,070
576
296
475
124
5,739
1,257
547
497
61
880
4,113
113
22,828
801
819
332
5,046
594
267
527
121
6,263
1,326
689
553
62
915
4,398
114
9,465
2,281
448
6,737
21,195
6,788
4,824
9,583
22,402
7,227
5,207
9,969
SURVEY OF CURRENT BUSINESS
September 1993 •
83
and Earnings by Industry1, 1990-92—Continued
of dollars]
West Virgin a
Southwest
view Mexicc
Arizona
Rocky Mountain
Texas
Oklahoma
Line
1990
1991
1992
24,639
24,568
71
26,047
25,985
62
27,784 413,070
27,716 407,900
69
5,170
1,790
13,764
1,803
14,447
1,812
15,332
16,305
1,094
-235
14,976
3,831
5,831
1992
1990
1991
1992
1990
1991
1992
1990
1991
1992
435,476 467,529
430,342 461,833
5,134
5,696
59,471
58,790
680
62,206
61,447
758
66,386
65,734
652
21,600
21,236
364
23,004
22,612
392
24,609
24,152
456
47,726
46,689
1,037
49,706
48,838
868
52,847 284,274 300,560 323,687
51,793 281,185 297,445 320,154
1,055
3,089
3,115
3,533
26,281
17,789
3,681
16,154
3,748
16,597
3,832
17,323
1,520
14,215
1,549
14,853
1,581
15,563
3,146
15,172
3,175
15,655
3,212
16,452
16,913
1,158
-240
15,515
3,922
6,611
17,964 304,194 321,966 345,617
1,204 19,144 20,749 21,817
-273
-315
-371
-375
16,487 284,735 300,846 323,424
3,937 68,701 68,179 68,285
7,360 59,634 66,450 75,819
41,299
2,553
-113
38,633
11,239
9,599
43,160
2,718
-129
40,313
11,179
10,713
46,005
2,856
-136
43,013
11,204
12,169
15,219
1,032
61
14,248
3,580
3,772
16,186
1,121
67
15,132
3,624
4,248
17,382
1,184
70
16,268
3,643
4,698
33,251
2,317
307
31,241
7,878
8,607
13,174
1,509
1,622
45
1,577
13,577
1,616
1,719
37
1,683
14,339 241,663 254,346 270,837
1,742 25,455 28,341 30,934
1,882 37,076 39,279 43,845
44
4,053
4,030
4,666
1,838 33,023 35,248 39,179
34,235
3,165
3,899
471
3,428
35,460
3,474
4,226
555
3,671
37,714
3,813
4,478
453
4,026
12,297
1,255
1,667
266
1,401
13,005
1,368
1,812
298
1,514
13,856
1,491
2,036
364
1,672
71
16,234
13,381
56
53
3
1,801
1,645
125
2
29
869
62
16,851
13,801
64
61
3
1,788
1,622
135
2
29
879
69
5,170
5,134
5,696
17,895 299,025 316,833 339,921
14,628 246,377 261,135 280,255
68
1,683
1,942
2,036
66
1,564
1,812
1,901
3
119
130
136
1,740 11,394 12,399 13,061
1,584
416
437
472
124 10,033 10,945 11,523
2
590
660
685
30
355
358
383
947 17,757 18,093 19,801
680
40,619
33,090
329
320
9
553
58
2
472
22
2,590
758
42,401
34,412
385
375
10
633
60
19
533
21
2,500
652
45,353
36,999
409
399
10
689
62
20
580
26
2,725
364
14,855
10,739
76
72
3
599
113
321
80
85
890
392
15,793
11,387
84
81
3
639
118
351
78
92
882
2,922
1,263
90
(D)
46
27
122
860
20
(D)
61
20
1,659
180
12
687
164
175
86
65
16
217
42
16
2,864
1,288
90
14
52
27
125
871
19
5
66
20
1,576
190
15
616
166
161
84
61
13
209
45
16
2,977
1,343
97
17
43
29
128
905
21
5
76
21
1,634
213
16
650
178
141
80
66
12
214
48
17
47,650
18,119
3,293
134
1,096
1,084
2,929
5,600
2,065
4
1,763
152
29,531
1,074
496
1,546
3,350
6,217
6,211
5,051
1,000
1,612
2,276
698
49,990
19,440
3,450
135
1,181
1,176
3,036
6,144
2,292
4
1,842
179
30,551
1,059
514
1,754
3,548
6.642
6,317
4,926
1,082
1,566
2,377
764
52,032
20,777
3,609
147
1,319
1,267
3,152
6,602
2,478
4
1,984
214
31,256
1,169
543
1,845
3,752
6,422
6,418
5,036
1,115
1,637
2,504
814
6,339
1,187
275
16
75
61
456
149
5
0
143
8
5,152
161
64
222
263
728
1,540
1,214
77
194
584
105
6,440
1,234
298
15
74
67
443
167
4
0
159
9
5,205
151
67
265
279
692
1,563
1,253
86
162
578
110
6,575
1,266
311
17
70
73
462
158
6
0
160
11
5,309
159
74
329
325
571
1,632
1,228
111
167
591
119
1,192
300
83
17
29
4
93
18
35
0
13
7
892
56
11
58
30
88
216
119
73
62
133
46
1,367
186
298
36
68
261
519
1,428
201
306
32
74
275
540
1,527
211
328
34
84
290
580
23,693
1,074
4,572
500
6,054
5,277
6,217
25,014
1,087
4,738
584
6,538
5,471
6,597
26,751
1,168
5,099
603
6,972
5,684
7,226
2,673
95
526
3
750
665
634
2,754
97
546
4
792
677
637
2,872
106
577
5
806
699
680
805
1,662
528
264
264
847
1,714
569
276
293
888
1,824
587
289
299
19,647
31,218
18,916
6,389
12,527
21,030
32,905
19,994
6,398
13,595
22,153
35,141
21,739
6,872
14,867
2,273
4,692
2,797
1,109
1,688
2,392
4,868
2,918
1,114
1,804
3,371
122
157
50
292
85
83
107
12
1,606
271
66
99
2
117
287
15
3,648
129
160
48
306
94
77
130
13
1,765
291
83
126
2
121
286
16
4,069
139
169
53
350
101
88
138
14
1,963
325
91
156
2
126
337
17
74,419
2,767
2,953
1,062
14,305
2,486
1,212
2,182
421
22,765
7,571
1,854
1,655
69
2,747
9,947
422
79,767
2,948
3,030
1,036
14,880
2,741
1,221
2,587
453
25,076
7,950
2,109
1,920
77
2,788
10,502
448
87,540
3,058
3,250
1,154
16,688
2,950
1,331
2,832
499
27,847
8,425
2,194
2,128
83
2,937
11,680
484
10,845
738
398
92
1,814
421
181
383
60
3,561
901
213
328
15
422
1,254
64
2,854
548
75
2,231
3,050
592
79
2,380
3,266
648
89
2,529
52,647
10,894
5,243
36,511
55,698
11,395
5,370
38,933
59,666
12,105
5,892
41,669
7,528
1,459
680
5,389
1990
25,402
16,262
1991
25,820
16,866
1992
1990
1991
1992
121,105
118,408
2,697
129,643
126,932
2,711
139,558
136,833
2,724
1
2
3
17,656
18,333
7,295
16,602
7,456
17,388
7,640
18,266
4
5
34,648
2,476
333
32,504
7,768
9,434
36,914 214,426 227,973 245,316
2,577 13,242 14,434 15,200
363
-571
-642
-671
34,699 200,613 212,897 229,445
7,712 46,004 45,609 45,726
10,435 37,656 42,055 48,516
88,957
5,843
103
83,216
20,821
17,067
95,234 103,226
6,399
6,801
99
94
88,934 96,520
21,770 22,097
18,939 20,941
6
7
8
9
10
11
25,654
2,667
4,929
903
4,027
26,724
2,952
4,972
734
4,238
28,090 169,477
3,181
18,369
5,642 26,580
932
2,413
4,710 24,167
191,178
22,449
31,689
2,918
28,771
70,240
6,812
11,905
2,131
9,774
74,889
7,662
12,684
2,163
10,521
80,782
8,474
13,970
2,189
11,781
12
13
14
15
16
456
16,926
12,241
91
87
3
633
125
346
65
97
1,025
1,037
32,214
25,483
161
154
7
1,771
32
1,685
3
50
1,612
868
33,780
26,636
187
181
6
1,796
32
1,707
3
53
1,555
3,533
1,055
3,089
3,115
35,859 211,337 224,858 241,783
28,270 177,064 188,700 202,746
199
1,117
1,285
1,337
192
1,018
1,174
1,222
7
100
110
115
1,826
8,471
9,331
9,914
32
213
227
253
1,735
8,025
8,868
9,421
5
36
45
35
54
198
192
205
1,730 12,665 13,157 14,321
2,697
86,260
69,397
583
528
54
2,677
654
1,097
582
344
5,043
2,711
2,724
92,523 100,501
74,404 81,201
672
723
617
666
55
57
2,772
2,877
665
691
1,174
1,252
567
549
367
385
5,383
6,214
17
18
19
20
21
22
23
24
25
26
27
28
1,228
314
85
18
30
4
98
18
40
0
13
7
914
50
13
65
31
90
255
104
55
63
136
51
1,222
314
86
18
35
5
94
19
39
0
12
7
908
52
13
62
34
81
253
112
42
66
135
58
5,187
1,708
354
17
102
136
278
122
286
0
406
7
3,479
81
54
159
558
1,043
300
376
371
295
160
81
5,468
1,818
380
15
104
146
288
144
319
0
414
7
3,650
81
52
167
591
1,073
287
404
432
304
169
90
5,572
1,925
399
15
107
154
300
156
322
0
465
8
3,647
77
56
163
614
1,038
285
407
424
315
172
96
34,932
14,924
2,580
84
890
883
2,101
5,312
1,739
4
1,200
131
20,008
776
366
1,107
2,499
4,358
4,156
3,341
480
1,061
1,398
465
36,854
16,073
2,687
87
974
959
2,207
5,815
1,929
4
1,255
156
20,781
777
383
1,258
2,646
4,787
4,213
3,165
508
1,037
1,494
512
38,663
17,271
2,813
98
1,108
1,036
2,297
6,269
2,112
4
1,348
188
21,392
880
400
1,291
2,779
4,732
4,248
3,289
537
1,089
1,606
541
12,581
4,288
1,554
15
152
267
1,076
712
171
0
296
45
8,292
1,072
153
419
645
1,670
1,106
1,430
141
459
943
255
13,247
4,603
1,665
15
162
290
1,129
809
197
0
286
49
8,645
1,105
176
444
657
1,752
1,144
1,400
164
473
1,045
283
14,007
4,924
1,738
15
172
311
1,201
909
214
0
303
61
9,083
1,235
210
468
715
1,944
1,105
1,293
188
515
1,096
315
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
1,091
89
260
0
147
229
365
1,113
90
264
0
148
235
375
1,147
100
272
0
162
234
378
2,647
95
532
4
850
543
623
2,765
100
541
5
882
558
679
2,927
105
612
5
906
562
736
17,283
795
3,254
493
4,307
3,839
4,595
18,382
800
3,386
574
4,716
4,001
4,906
19,805
857
3,637
593
5,098
4,190
5,431
7,382
678
1,738
7
1,534
2,051
1,374
7,810
761
1,779
8
1,599
2,193
1,470
8,360
810
1,916
8
1,677
2,396
1,554
53
54
55
56
57
58
59
2,615
5,188
3,315
1,287
2,028
641
1,681
596
269
327
676
1,789
634
265
370
746
1,936
690
285
406
1,790
3,413
1,591
625
965
1,902
3,598
1,707
650
1,057
2,020
3,779
1,809
675
1,135
14,943
21,432
13,933
4,386
9,547
16,061
22,650
14,735
4,369
10,366
16,772
24,238
15,924
4,626
11,298
5,177
9,103
4,873
1,661
3,213
5,536
9,708
5,313
1,748
3,565
5,849
10,588
5,949
1,958
3,991
60
61
62
63
64
11,521
768
409
90
1,922
446
175
451
55
3,905
912
258
386
17
436
1,226
64
12,611
806
441
101
2,179
476
189
486
58
4,352
948
277
419
18
467
1,327
67
3,974
194
126
49
643
123
52
103
19
1,048
262
76
105
2
153
986
34
4,341
212
131
48
702
137
51
121
21
1,157
282
92
126
2
159
1,060
38
4,751
231
139
53
771
147
57
130
23
1,287
290
105
149
2
169
1,152
46
7,313
164
348
98
1,340
318
133
198
33
2,442
682
183
209
4
385
745
31
7,658
170
354
95
1,353
348
120
227
32
2,620
708
209
259
6
374
756
27
8,408
169
375
105
1,514
377
133
244
35
2,951
735
222
298
6
394
821
29
52,287
1,672
2,081
823
10,508
1,625
847
1,498
308
15,714
5,726
1,382
1,013
48
1,787
6,962
293
56,246
1,797
2,135
804
10,903
1,809
876
1,788
345
17,393
6,048
1,549
1,149
53
1,819
7,461
318
61,770
1,852
2,295
895
12,224
1,950
952
1,972
383
19,256
6,453
1,590
1,261
58
1,907
8,380
342
21,979
1,069
824
130
3,997
743
412
1,008
200
6,413
1,655
643
541
18
1,118
3,115
93
23,961
1,180
843
127
4,311
831
398
1,202
233
7,088
1,726
767
619
21
1,138
3,365
111
26,633
1,251
S03
143
4,948
891
435
1,421
261
7,979
1,860
806
694
25
1,209
3,687
122
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
7,990
1,569
701
5,720
8,354
1,663
706
5,985
4,116
1,020
433
2,663
4,407
1,083
476
2,848
4,685
1,169
503
3,013
6,730
1,643
767
4,320
7,144
1,721
802
4,620
7,589
1,842
919
4,828
34,273
6,772
3,362
24,139
36,158
7,022
3,391
25,745
39,037
7,431
3,764
27,842
16,863
4,228
1,626
11,009
18,120
4,483
1,783
11,853
19,300
4,744
1,903
12,653
82
83
84
85
1990
17,055
16,668
1991
17,348
17,325
179,157
20,547
28,268
2,443
25,825
84
• September 1993
SURVEY OF CURRENT BUSINESS
Table 3.—Personal Income by Major Source
[Millions
Colorado
Idaho
Montana
Wyoming
Utah
Item
Line
1990
1991
1992
1990
1991
1992
1990
1991
1992
1990
1991
1992
1990
1991
1992
62,187
61,290
898
3,302
18,832
66,471
65,655
816
3,378
19,680
71,654
70,795
859
3,470
20,648
15,256
14,238
1,017
1,011
15,084
16,218
15,353
865
1,040
15,599
17,634
16,727
907
1,067
16,523
11,798
11,419
379
799
14,761
12,660
12,106
553
809
15,648
13,397
12,967
430
824
16,264
24,344
24,088
256
1,729
14,077
26,171
25,927
244
1,770
14,785
28,328
28,033
295
1,813
15,624
7,519
7,373
147
452
16,628
8,125
7,891
233
460
17,680
8,545
8,312
233
466
18,330
46,349
3,073
-27
43,249
11,097
7,841
49,481
3,360
-37
46,084
11,626
8,761
53,709
3,573
-46
50,090
11,837
9,727
11,207
761
101
10,547
2,424
2,284
11,831
835
109
11,105
2,553
2,559
12,970
900
112
12,182
2,616
2,836
7,556
608
17
6,965
2,499
2,335
8,277
671
16
7,622
2,547
2,490
8,799
711
16
8,105
2,567
2,725
18,580
1,081
84
17,582
3,218
3,544
19,987
1,186
85
18,885
3,339
3,947
21,771
1,259
87
20,599
3,389
4,340
5,265
320
-72
4,872
1,584
1,064
5,659
347
-74
5,238
1,704
1,183
5,975
357
-75
5,544
1,688
1,313
37,120
3,569
5,659
720
4,940
39,509
4,028
5,944
644
5,300
42,620
4,457
6,632
691
5,941
7,942
787
2,478
836
1,642
8,500
876
2,456
689
1,767
9,283
980
2,707
736
1,971
5,716
553
1,287
275
1,012
6,108
615
1,553
452
1,101
6,574
679
1,546
331
1,215
15,240
1,502
1,837
204
1,634
16,324
1,697
1,966
193
1,773
17,670
1,880
2,222
246
1,976
4,222
401
643
97
546
4,447
446
765
185
581
4,635
477
863
186
677
898
45,452
37,150
273
263
10
1,069
175
651
205
37
2,469
6,540
2,300
793
7
68
79
680
389
37
0
206
40
4,240
101
71
108
350
1,115
504
789
42
280
771
110
3,899
183
689
2
980
1,482
563
2,842
4,613
3,028
890
2,138
12,417
583
458
72
2,712
391
183
608
72
3,392
1,042
252
295
11
426
1,861
59
8,301
1,941
981
5,380
816
859
48,664 52,850
39,722 43,343
317
347
306
336
12
11
1,098
1,135
163
191
682
693
213
202
40
49
2,614
3,076
6,859
7,195
2,473
2,689
859
902
7
7
69
76
84
94
717
766
458
540
44
52
0
0
192
200
42
52
4,386
4,505
104
121
81
103
117
119
355
385
1,173
1,234
503
521
756
661
42
43
292
324
841
870
121
126
4,458
4,126
200
219
706
777
2
2
1,017
1,042
1,604
1,782
597
637
3,210
3,005
4,945
5,327
3,253
3,661
919
1,032
2,334
2,628
13,505 14,935
640
674
463
492
71
80
2,866
3,200
439
459
181
200
725
882
81
101
3,767
4,212
1,089
1,160
310
337
331
364
13
16
442
468
2,023
2,223
63
67
9,507
8,943
2,087
2,202
1,096
1,186
5,759
6,120
1,017
10,190
8,314
153
131
22
167
0
0
106
61
855
1,996
794
420
2
5
103
94
150
0
0
16
4
1,202
610
10
6
60
245
186
17
16
29
10
13
694
99
250
865
10,967
8,919
174
153
22
156
0
4
88
64
874
2,167
861
454
2
5
113
99
166
0
0
18
4
1,306
646
13
10
60
261
223
17
18
30
12
15
721
107
249
5
74
129
157
635
1,235
478
191
287
2,479
108
100
15
276
104
55
94
13
772
143
72
68
1
80
564
13
2,047
429
160
1,458
907
12,063
9,833
183
158
24
146
0
5
73
69
1,032
2,372
906
464
1
5
121
103
185
0
0
21
5
1,466
720
15
10
62
309
253
19
18
34
13
16
768
112
267
5
82
134
168
686
1,357
517
210
308
2,771
115
109
17
322
115
62
104
15
885
161
77
78
1
86
608
17
2,230
472
173
1,585
379
7,177
5,535
65
50
15
244
60
51
102
30
395
657
222
59
0
11
36
56
21
38
0
2
0
434
255
6
59
19
20
14
3
4
27
6
21
718
139
218
553
7,723
5,974
74
59
15
257
75
56
93
32
429
676
242
62
0
13
39
59
22
44
0
2
0
434
246
8
58
19
19
17
3
4
29
7
22
774
169
223
0
79
120
183
434
1,028
339
147
191
1,964
106
71
13
169
75
38
100
34
797
148
46
84
2
100
178
5
1,750
435
155
1,160
430
8,370
6,500
77
64
13
252
64
59
97
33
497
727
257
64
0
10
39
62
23
53
0
5
1
470
277
9
54
20
19
15
3
4
29
8
31
817
180
232
0
87
126
192
466
1,126
366
159
207
2,173
118
77
14
193
82
42
113
16
892
160
50
94
2
113
201
5
1,870
470
158
1,242
256
18,323
14,586
56
54
2
364
135
65
136
28
959
3,101
817
258
6
66
49
211
116
45
0
66
1
2,284
74
65
238
201
252
394
616
77
104
153
109
1,524
121
441
0
373
253
336
1,154
1,849
957
365
592
4,621
185
157
20
783
160
99
180
97
1,342
257
282
82
2
486
474
14
3,737
1,235
237
2,265
244
295
19,743 21,476
15,742 17,229
67
75
65
72
3
3
376
402
127
131
86
95
135
146
28
30
1,073
1,202
3,241
3,404
861
912
268
286
6
7
73
78
53
57
216
231
124
120
52
61
0
0
67
70
1
2
2,380
2,492
76
81
72
81
244
267
208
235
263
344
392
307
617
604
100
122
103
109
181
203
123
140
1,724
1,613
131
141
459
493
1
0
388
426
266
279
369
384
1,269
1,282
1,948
2,184
1,069
1,221
404
470
665
751
5,085
5,735
215
223
167
183
20
22
916
1,143
172
193
91
93
222
252
98
121
1,482
1,693
272
297
321
321
95
108
2
3
483
507
503
549
27
29
4,247
4,001
1,288
1,338
258
268
2,454
2,641
147
5,118
3,811
34
30
5
834
284
329
33
188
365
287
155
24
0
2
0
36
36
51
0
6
1
132
33
1
8
15
37
7
5
0
18
3
3
547
136
140
233
5,426
4,046
3S
35
5
886
299
346
37
203
393
304
165
23
0
2
0
38
39
56
0
6
1
139
33
2
15
15
36
8
6
1
19
3
3
575
154
142
0
42
74
164
194
553
174
86
88
928
111
41
8
84
40
34
61
7
270
75
18
42
3
33
97
4
1,380
244
113
1,022
233
5,742
4,297
42
37
5
941
305
400
31
205
407
309
160
22
0
2
0
39
41
48
0
6
Income by Place of Residence
Total personal income (lines 6-11)
Nonfarm personal income
Farm income (line 17) 2
Population (thousands)3
Per capita personal income (dollars)4
Derivation of Total Persona! Income
Earnings by place of work (line 12-16 or 17-85)
Less: Personal contributions for social insurance5
Plus: Adjustment for residence6
Equals: Net earnings by place of residence
Plus: Dividends, interest, and rent 7
Plus: Transfer payments8
Earnings by Place of Work
Components of earnings:
Wages and salaries
Other labor income
Proprietors' income 9
Farm
Nonfarm 9
Earnings by Industry
Farm
Nonfarm
Private
Agricultural services, forestry, fisheries, and other 10
Agricultural services
Forestry, fisheries, and other 10
Mining
Coal mining
Oil and gas extraction
Metal mining
Nonmetallic minerals, except fuels
Construction
,
Manufacturing
,
.,
Nondurable goods
Food and kindred products
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Tobacco products
Rubber and miscellaneous plastics products
Leather and leather products
Durable goods
Lumber and wood products
Furniture and fixtures
Primary metal industries
Fabricated metal products
Machinery and computer equipment
Electric equipment, except computer equipment ....
Transportation equipment excluding motor vehicles
Motor vehicles and equipment
Stone, clay, and glass products
Instruments and related products
Miscellaneous manufacturing industries
Transportation and public utilities
Railroad transportation
Trucking and warehousing
Water transportation
Other transportation u
Communications
Electric, gas, and sanitary services
Wholesale trade
Retail trade
Finance, insurance, and real estate
Depository and nondepository credit institutions
Other finance, insurance, and real estate 12
Services
Hotels and other lodging places
Personal services
Private households
Business services
Auto repair, services, and parking
Miscellaneous repair services
Amusement and recreation services
Motion pictures
Health services
Legal services
Educational services
Social services
Museums, botanical, zoological gardens
Membership organizations
Engineering and management services
Miscellaneous services
Government and government enterprises
Federal, civilian
Military
State and local
D
1.
2.
farm
3
8
127
143
591
1,171
427
182
245
2,260
97
99
16
264
91
54
76
12
699
137
56
57
1
78
516
10
1,875
398
159
1,318
Data are suppressed in order to avoid the disclosure of confidential information; estimates are included in totals.
The industry classification uses the 1987 Standard Industrial Classification (SIC).
Farm income consists of proprietors' net income; the cash wages, pay-in-kind, and other labor income of hired
workers; and the salaries of officers of corporate farms.
MiHvear nonnlatinn estimates nrnvidod hv the Rureaii nf the Hensns The 1QQD midvear Mnlv 1^ estimates
8
115
172
406
950
300
137
163
1,801
102
69
13
160
65
39
78
12
734
145
38
72
1
93
173
5
1,641
420
144
1,077
8
74
159
183
520
161
88
73
879
102
41
9
78
37
36
66
7
247
74
14
35
3
35
92
4
1,307
234
105
969
1
149
37
2
18
14
38
10
6
1
20
3
2
594
158
147
0
40
75
174
205
595
185
88
97
1,019
121
43
9
91
43
37
70
8
297
82
21
49
4
35
106
4
1,445
262
119
1,065
of the Census. The 1990 midyear (July 1) estimates reflect the 1990 Census of Population count plus 3 months
of estimated population change.
5. Personal contributions for social insurance are included in earnings by type and industry but excluded from
personal income.
6. U.S. adjustment for residence consists of adjustments for border workers: Earninns of U.S. residents commutinn
September 1993
SURVEY OF CURRENT BUSINESS
•
85
and Earnings by Industry1, 1990-92—Continued
of dollars]
Alaska
Far West
Hawaii13
California
Oregon
Nevada
Washington
Line
1990
1991
1992
1990
1991
1992
1990
1991
1992
1990
1991
1992
1990
1991
1992
1990
1991
1992
1990
1991
1992
819,402
808,909
10,493
40,614
20,175
847,614 892,593
838,124 883,253
9,491
9,340
41,303 42,054
20,522 21,225
11,722
11,716
6
551
21,264
12,393
12,386
6
570
21,723
13,157 619,446 634,134 662,786
13,151 611,666 627,402 656,340
6
7,780
6,732
6,446
587 29,956 30,380 30,867
22,419 20,679 20,874 21,472
22,757
22,517
240
1,113
20,440
24,065
23,852
212
1,137
21,172
25,255
25,049
205
1,160
21,779
24,088
23,987
101
1,224
19,681
25,980
25,883
97
1,283
20,249
28,254
28,182
72
1,327
21,285
48,707
47,799
908
2,861
17,024
51,286
50,410
877
2,922
17,554
54,840
53,932
908
2,977
18,419
92,681
91,223
1,458
4,909
18,879
99,757
98,191
1,567
5,012
19,903
108,301
106,599
1,702
5,136
21,088
1
2
3
4
5
607,494
38,650
-560
568,283
139,092
112,026
625,246 655,502
41,029 42,709
-569
-559
583,647 612,234
139,448 138,487
124,519 141,872
9,934
703
-517
8,713
1,276
1,733
10,501
759
-550
9,193
1,285
1,915
11,127 461,089 469,442 486,980
789 29,191 30,777 31,842
-576
135
172
262
9,763 432,033 438,837 455,401
1,279 104,896 103,990 103,093
2,115 62,517 91,307 104,293
17,385
1,075
18,518
1,166
19,792
1,222
16,310
3,356
3,092
17,353
3,457
3,255
18,570
3,034
3,651
18,041
878
-373
16,791
4,238
3,059
19,006
940
-369
17,696
4,519
3,764
20,695
1,005
-419
19,271
4,567
4,415
35,024
2,455
-675
31,895
9,067
7,746
36,750
2,633
-755
33,362
9,319
8,606
39,465
2,773
-811
35,881
9,399
9,560
66,021
4,348
869
62,543
16,259
13,880
71,028
4,755
933
67,206
16,878
15,673
77,443
5,079
984
73,349
17,115
17,837
6
7
8
9
10
11
487,320
48,077
72,098
6,806
65,292
498,866 519,568
51,886 55,590
74,494 80,345
5,720
5,947
68,773 74,398
7,814
742
1,377
3
1,374
8,216
830
1,456
4
1,452
8,642 368,011 372,475 383,480
898 37,113 39,715 42,142
1,587 55,966 57,253 61,359
3
5,090
3,970
3,968
1,584 50,876 53,282 57,391
14,448
1,315
1,621
31
1,591
15,337
1,491
1,691
1
1,689
16,346
1,632
1,813
5
1,808
15,265
1,247
1,529
67
1,462
15,969
1,395
1,642
64
1,577
17,344
1,567
1,785
40
1,745
27,696
2,882
4,446
616
3,831
28,962
3,117
4,671
580
4,091
30,932
3,409
5,124
644
4,480
54,085
4,778
7,158
999
6,159
57,907
5,339
7,782
1,101
6,681
62,825
5,941
8,677
1,287
7,390
12
13
14
15
16
10,493
597,001
498,177
6,177
4,870
1,306
3,652
9,340
646,162
534,686
7,021
5,532
1,489
4,108
73
2,574
945
516
36,310
106,627
32,195
8,875
505
3,222
3,016
7,628
4,012
2,217
3
2,574
144
74,432
5,338
1,605
2,814
5,253
11,987
12,185
17,758
1,660
2,408
11,667
1,756
40,260
1,431
6
9,928
6,837
346
14
332
837
6
10,495
7,216
410
18
392
919
11
826
76
5
718
634
459
304
240
17,145
12,739
98
88
10
5
212
18,306
13,570
126
117
9
17
205
19,586
14,486
133
123
10
21
P)
34
P)
35
8
222
15
28
0
6
9
241
16
32
0
6
72
20,623
17,570
99
90
9
640
0
15
572
54
1,517
949
315
66
1
11
6
127
38
1
0
66
0
635
30
19
48
59
67
45
14
7
85
79
182
1,300
49
196
257
303
768
1,802
796
300
497
7,819
3,472
172
33
656
161
64
773
30
1,193
274
30
58
2
94
797
9
2,490
422
254
1,813
267
323
801
1,897
861
321
541
8,357
3,732
184
34
663
166
56
856
30
1,309
285
37
70
2
95
826
14
2,790
458
280
2,053
877
35,874
29,823
462
267
195
74
9
12
4
48
2,090
7,362
1,862
619
41
55
432
451
96
28
0
131
8
5,501
1,957
83
513
346
667
709
283
225
146
466
107
2,674
179
884
95
395
566
555
2,644
4,139
1,870
659
1,211
8,507
334
310
60
1,345
330
174
310
69
3,121
626
272
341
13
321
842
40
6,051
1,180
142
4,729
908
38,557
32,048
483
284
199
83
16
16
5
48
2,241
7,673
1,949
640
44
53
450
472
106
32
0
144
9
5,724
2,029
96
488
359
696
806
291
246
141
460
111
2,830
188
936
92
427
619
569
2,868
4,411
2,035
736
1,299
9,423
355
326
67
1,548
358
195
343
85
3,435
679
290
390
16
335
954
46
6,509
1,275
145
5,089
1,458
64,563
52,543
943
406
537
160
5
0
12
1,615
762
578
235
97
18,909
16,118
98
88
10
614
0
13
554
47
1,437
827
288
58
1
8
3
126
34
1
0
56
0
540
28
19
43
65
67
51
15
9
71
71
101
1,224
46
183
908
34,116
28,470
425
230
195
57
0
0
5
1,511
726
553
235
101
17,940
15,450
91
80
11
612
0
7
6
0
556
16
49
1,636
1,624
778
788
598
262
239D
45
( )
1
40
8
9
1
250
121
18
31
31
1
0
0
6
54
P) 5270
181
14
36
14
19
2
45
17
59
65
P)
4
44
18
18
1
9
71
76
61
P)
22
94
1,711
1,150
41
P) 179
1,567
69,461
56,259
1,074
458
615
190
36
11
37
()
54
58
63
4,445
4,654
13,791
13,816
3,490
3,287
1,023
1,089
33
33
110
118
807
825
630
666
577
228
122
130
0
0
177
188
10
11
10,301
10,528
1,310
1,280
96
105
561
567
390
403
712
745
368
399
5,699
5,832
162
157
268
275
578
589
157
175
4,140
4,318
245
266
952
953
415
423
1,054
1,093
1,018
1,079
456
504
4,513
4,213
6,790
7,198
3,443
3,726
1,298
1,345
2,146
2,381
14,617 16,770
462
520
572
587
107
105
2,467
2,789
527
589
323
313
570
686
106
119
4,957
5,618
1,152
1,232
364
454
439
531
12
14
598
637
1,867
2,500
72
78
12,021
13,202
2,447
2,600
1,458
1,565
8,115
9,037
1,702
75,741
61,449
1,110
487
622
195
38
37
53
67
5,139
14,624
3,461
1,139
33
129
822
715
250
136
0
222
13
11,163
1,371
109
552
414
772
395
6,210
169
302
677
193
4,611
272
1,047
452
1,151
1,153
537
4,843
7,737
4,226
1,556
2,669
18,965
537
625
118
3,511
617
334
763
127
6,419
1,326
493
615
16
696
2,682
86
14,292
2,728
1,682
9,882
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
9,491
615,755
509,693
6,779
5,324
1,455
4,017
(D)
66
2,252
2,573
853
907
472
39,713
36,256
104,367 105,572
30,109
31,131
8,044
6,536
502
482
2,937
3,152
2,805
2,891
7,229
7,444
3,946
3,735
1,958
2,180
2
2
2,537
2,556
149
153
74,258
74,441
5,579
5,283
1,584
1,526
2,656
2,943
5,558
5,271
11,461
11,840
11,998
12,259
18,736
18,040
1,380
1,555
2,543
2,417
11,224
11,715
1,539
1,592
36,736
38,163
1,298
1 351
7^22
1>36
1,781
10,006
10,784
9,538
9,792
6,185
6,538
37,894
38,245
60,845
61,766
40,657
42,049
13,788
13,701
26,870 28,348
168,135 176,841
10,034
10,575
5,002
5,006
1,614
1,577
30,303
30,398
5,332
5,672
2,650
2,500
8,970
10,367
8,089
8,126
44,311
48,254
13,715
14,050
4,257
4,991
3,813
4,359
191
205
4,793
4,871
23,920
24,760
1,141
1,128
98,824 106,062
17,754
18,447
11,191
11,973
69,880 75,642
i]841
11,298
10,321
6,988
40,098
64,021
44,817
14,920
29,898
191,423
11,088
5,156
1,755
33,919
5,809
2,673
11,357
8,884
52,757
14,816
5,301
4,824
219
5,139
26,441
1,284
111,477
19,503
12,375
79,598
P)
754
69
761
592
405
265
1
44
50
20
22
0
2
P)
187
145
0
2
6
3
1
9
0
18
1
1
919
o
112
60
424
159
165
292
888
345
117
228
1,857
135
80
8
307
95
45
101
30
411
115
25
102
1
90
304
7
3,091
673
625
1,793
P)
2
45
56
26
25
0
2
a
127
1
7
6
P)
1
9
1
18
P)
1
989
0
P)
P)
179
153
303
921
367
125
242
1,955
139
78
8
324
75
39
131
33
457
118
29
108
1
97
308
9
3,279
721
677
1,881
6
7,780
11,121 453,309
7,621 382,139
437
4,274
20
4,052
416
222
900
1,981
11
P)
800
1,480
81
P)
8
317
746 29,308
662 81,300
495 23,638
336
5,896
425
P)
2
2,731
48
1,525
55
5,782
26
3,218
26
1,758
0
2
2
2,170
1
3
0
P)
166 57,662
120
2,023
1
1,372
8
1,577
6
4,722
10,024
P)
1 10,942
7 12,715
0
993
18
1,975
10,144
P)
1
1,176
1,073 26,536
837
o 5,724
1,040
7,073
185
7,264
154
4,597
313 29,382
976 45,375
391 33,073
133 11,064
258 22,009
2,124 130,910
148
4,479
83
3,734
9
1,369
340 24,865
77
4,104
41
1,970
139
7,065
37
7,829
524 33,697
122 11,228
32
3,459
120
2,797
1
148
106
3,572
336 19,592
9
1,000
3,500 71,170
776 11,961
742
7,315
1,982 51,895
6,732
6,446
462,711 480,534
386,707 401,512
4,609
4,759
4,375
4,526
233
232
2,203
2,268
9
8
1,679
1,702
218
234
297
324
25,743 25,031
82,170 81,940
24,657 25,377
6,232
6,456
404
425
2,934
2,987
1,577
1,680
5,904
6,009
3,333
3,574
1,965
1,990
2
2
2,174
2,134
132
120
57,514 56,563
1,876
1,774
1,299
1,366
1,812
1,715
4,434
4,398
10,348 10,440
11,095 10,935
11,879 11,218
1,162
1,238
1,835
1,792
10,582 10,442
1,191
1,246
27,396 28,735
860
922
5,638
5,923
1,059
1,084
7,635
7,904
7,372
7,738
4,832
5,164
29,251 30,424
45,468 46,607
33,868 35,769
10,837 11,673
23,031 24,096
136,002 145,978
4,575
4,603
3,706
3,775
1,336
1,485
24,638 27,050
4,364
4,432
1,863
1,981
8,148
8,909
7,846
8,568
36,435 39,451
11,436 11,985
4,018
4,255
3,178
3,467
157
165
3,586
3,754
19,740 20,989
976
1,111
76,004 79,022
12,370 13,017
7,770
7,905
55,864 58,100
P)
173
14
19
0
19
9
3
20
1
68
6
12
1,455
131
124
733
312
155
705
2,068
1,288
384
905
4,882
1,161
140
35
643
144
56
202
30
1,178
352
155
113
14
127
517
15
4,406
1,114
1,401
1,891
P)
184
15
19
1
17
P)
3
22
1
71
P)
18
1,567
P)
u
330
171
733
2,145
1,357
415
942
5,249
1,276
143
34
638
149
54
236
30
1,315
353
181
131
17
136
544
10
4,736
1,118
1,539
2,079
7. Includes the capital consumption adjustment for rental income of persons.
8. includes compensation for Japanese internment.
9. includes the inventory valuation and capital consumption adjustments.
10. "Other" consists of the wages and salaries of U.S. residents employed by international organizations and
by foreign embassies and consulates in the United States.
P)
880
344
204
769
2,254
1,456
463
993
5,726
1,356
153
38
686
154
60
268
37
1,472
385
196
153
19
145
593
12
5,100
1,191
1,632
2,277
P)
P)
P)
P)
P)
P)
282
361
880
2,036
940
359
581
9,207
4,088
194
38
784
172
63
935
31
1,456
318
36
79
2
104
887
20
3,053
517
269
2,267
P)
1
P)
43
2,065
7,170
1,763
580
40
53
419
423
84
27
0
129
7
5,407
2,050
78
471
361
648
639
276
215
138
434
98
2,535
175
876
P)
P)
528
509
2,534
3,922
1,711
625
1,086
8,051
324
304
61
1,366
301
192
258
63
2,874
593
224
304
13
311
823
38
5,647
1,136
137
4,374
and transportation services.
12. Includes security and commodity brokers and services; insurance carriers, agents, brokers, and services; real
estate; and holding and other investment companies.
13. The 1992 estimates of personal income reflect the losses resulting from damage caused by Hurricane Andrew
in Florida and Louisiana and by Hurricane Iniki in Hawaii.
86
SURVEY OF CURRENT BUSINESS
September 1993
Capital Expenditures by Majority-Owned
Foreign Affiliates of U.S. Companies,
Latest Plans for 1993
By Mahnaz Fahim-Nader
Laura A. Downey
prepared the
estimates of
expenditures, using
computer
programs designed
bv Jane M. Fry.
(yl^AJORITY-OWNED FOREIGN affiliates of U.S.
JvL companies (MOFA'S) plan to increase capital expenditures 54.2 billion, or 7 percent, to $67.4
billion in 1993, after virtually no change in expenditures in 1992 (table i,chart 1).1 The increase
in spending planned by MOFA'S is in line with the
7-percent increase in domestic capital spending
planned by all U.S. businesses.2 However, the estimates of current-dollar spending by MOFA'S are
probably depressed by the effects of dollar appreciation in the last half of 1992; thus, in real terms,
the planned increase in their spending probably
is higher than that for all U.S. businesses.
The $4.2 billion increase in planned spending
by MOFA'S is concentrated in two areas—$2.1 billion in Asia and Pacific, mainly in several newly
industrialized countries, and Si.2 billion in "Latin
America and Other Western Hemisphere," particularly in Mexico and Brazil. The rapid growth
in these countries' domestic markets suggests that
the increased capital spending may in large part
be prompted by the need for expanded capacity
to serve local markets.3
In contrast to the planned 1993 growth in
spending in Asia and Pacific and "Latin Amer1. Capita! expenditures estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents. (An affiliate is majority-owned when
the combined ownership of all U.S. parents exceeds ^n percent.) Capital expenditures include all expenditures that are charged to capital accounts and
are made to acquire, add to, or improve property, plant, and equipment.
For affiliates engaged in natural resource exploration and development, these
expenditures also include the expenditures for exploration and development
that are expensed on the books of the affiliates. Capital expenditures are
measured on a gross basis; sales and other dispositions of fixed assets are not
netted against them.
2. The estimate of capital spending planned by all U.S. businesses in 1993
is based on data from a survey conducted in July-August 1993 by the Census
Bureau. Although the Census Bureau estimate covers all U.S. businesses
rather than only U.S. parent companies, the available estimates of domestic
capital spending of parent companies for 19S2—«ji are significantly correlated
with spending by all U.S. businesses.
3. Sales to local markets (that is, sales within the country of the affiliate)
account for a majority of the sales bv MOFA'S in these areas and in other
major geographic areas. In 1991. the most recent vear for which data are
available, local sales accounted for 72 percent of sales bv MOFA'S in Asia
and Pacific and for 64 percent of sales by MOIA S in "Latin America and
Other Western Hemisphere." For more information on the destination of
sales by MOFA'S, see U.S. Department of Commerce, Bureau of Economic
Analysis, U.S. Direct Investment Abroad: Operations of U.S. Parent Companies
and Their Foreign Affiliates, Preliminary 1991 Estimates I Washington, DC: U.S.
ica and Other Western Hemisphere," a small
($0.2 billion) spending decrease is planned in
Europe, where business conditions remain generally weak. Nonetheless, because of their large
CHART 1
Capital Expenditures by Majority-Owned
Foreign Affiliates of U.S. Companies
Billion $, ratio scale
100
LEVELS
Percent
30
PERCENT CHANGE IN
TOTAL EXPENDITURES
20
10
ml
I1"11
-10
-20
I
1
1
1
1
1_1
J
L
1982 83 84 85 86 87 88 89 90 91 92 93
• Planned
Note.—Estimates are lor n o t e * foreign affiliates of nonbank U.S. parents.
US. Department of Commerce, Bureau of Economic Analysis
SURVEY OF CURRENT BUSINESS
local markets and predominant position in the
global economy, the European and other major
industrial countries continue to account for the
bulk of affiliates' total capital spending, MOFA'S
located in (non-U.S.) member countries of the
Organisation for Economic Co-operation and
Development (OECD), for example, account for 71
percent of total planned capital expenditures by
4
MOFA'S in 1993.
Valuation issues.—The estimates of capital spending by MOFA'S are in current dollars; they are
not adjusted for changes in prices in host countries or for changes in foreign exchange rates,
both of which affect the relationship between
September 1993
changes in current-dollar spending and changes
in the real volume of capital goods purchased
by affiliates. From mid-1992 to mid-1993, wholesale prices in major host countries increased an
average of about 2 percent, and the U.S. dollar appreciated about 14 percent against the currencies
of those countries.5 (Most of the appreciation
occurred in the last half of 1992.) Inasmuch as
dollar appreciation lowers the dollar value of a
given amount of spending denominated in foreign currencies, these figures tend to suggest that
growth in the real volume of spending in 1993 is
significantly above the 7-percent dollar increase.
5. In these calculations, the changes in foreign-currency wholesale prices
4. The OECD members are Australia, Austria, Belgium, Canada, Denmark,
(or consumer prices when wholesale prices are unavailable) and in the value
Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Luxem-
of the U.S. dollar are weighted by the value of MOFA assets in a group of
bourg, the Netherlands, New Zealand, Norway, Portugal, Spain, Sweden,
21 major host countries; these countries accounted for over 80 percent of
Switzerland, Turkey, the United Kingdom, and the United States.
affiliates' assets in 1991.
Table 1.—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies, 1989-93
Percent change from preceding year
Most
recent
plans l
Actual expenditures
1990
1991
1992
1993
Billions of dollars
Previous plans2
1992
1989
1993
n
Total
Most
recent
plans l
Actual expenditures
1990
1991
1992
1993
Previous plans 2
1992
1993
57.0
61.5
62.9
63.2
67.4
65.6
70.2
By industry
-8
12
-6
-45
-5
-6
-10
-12
15
9
13
1
29
-5
14
4
8
16
6
14.5
28.6
2.3
6.4
1.8
4.8
2.6
4.9
6.0
4.6
15.9
31.1
2.7
6.9
1.9
4.8
2.9
6.2
5.8
4.1
18.6
28.5
3.0
6.5
1.1
4.5
2.7
5.6
5.1
4.7
18.4
28.6
3.2
6.3
1.1
3.6
2.6
6.2
5.6
4.4
19.6
29.8
3.4
7.3
1.2
3.7
2.7
5.6
6.0
4.4
19.6
29.4
3.1
6.6
1.1
3.7
2.5
6.5
5.9
4.8
20.0
32.4
3.2
8.2
1.1
4.1
2.7
6.6
6.5
4.7
28
-10
11
32
-10
18
1.7
3.6
4.0
2.0
3.5
4.9
2.6
3.1
5.5
2.4
4.4
5.0
2.5
4.8
6.3
2.9
3.8
5.1
3.1
4.0
6.0
-11
22
-13
3
4
7
10.7
28.3
9.6
34.6
8.3
35.6
7.2
36.1
7.6
35.9
7.3
37.7
7.5
38.6
14
16
20
27
2
4
-15
2
-5
6
6
-7
3.5
5.4
1.9
1.8
.6
4.0
6.3
2.3
2.3
.6
13.0
5.1
1.6
.7
9.1
4.0
6.6
1.9
2.4
.6
4.3
7.1
1.8
2.2
.7
4.0
6.5
1.8
2.5
.8
4.2
7.4
2.1
2.3
.7
4.0
7.1
2.1
2.7
.8
13.8
5.4
1.6
.7
10.6
12.3
5.8
1.6
.9
10.9
12.0
7.0
1.8
.9
13.0
13.2
6.2
1.5
1.0
13.2
7.6
1.6
1.2
11.3
13.1
3.3
2.7
1.1
2.3
2.1
3.0
2.3
2.1
2.2
2.6
2.4
1.1
2.6
2.2
.6
2.7
2.4
26.1
1.6
32.1
1.9
31.9
3.4
34.0
2.8
34.7
3.5
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery, except electrical
Electric and electronic equipment
Transportation equipment
Other manufacturing
Wholesale trade
Finance (except banking), insurance, and real
estate
Services
Other industries
17
By area
Canada
Europe
Of which:
France
Germany3
Italy
Netherlands
Switzerland
United Kingdom
Latin America and Other Western Hemisphere ,
Africa
Middle East
Asia and Pacific
Of which:
Australia
Japan
International4
5
30
7
41
82
-14
-31
-24
-26
-1
-5
16
30
11
-8
Addenda:
European Communities (12) 5
OPEC 6
* Less than 0.5 percent (±).
1. Based on BEA survey taken in June 1993.
2. Based on BEA survey taken in December 1992.
3. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning
in 1990, this line also includes the former German Democratic Republic (GDR). This change does
not create a discontinuity in the data because, prior to 1991, there were no majority-owned affiliates of U.S. companies in the former GDR.
4. "International" affiliates are those that have operations in more than one country and that
are engaged in petroleum shipping, other water transportation, or operating movable oil- and gas-
n
15
23
21
7
31
3
34
21
27
9
-34
10.0
4.8
1.1
.4
10.5
32.7
2.1
32.5
2.8
.5
drilling equipment.
5. European Communities (12) comprises Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and the United Kingdom.
6. OPEC, the Organization of Petroleum Exporting Countries, comprises Algeria, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela. Before January 1, 1993, Ecuador was also a member of OPEC; its data are included in
this line through 1992.
NOTE.—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
•
8j
SURVEY OF CURRENT BUSINESS
88 • September 1993
Comparison with Previous Estimates
Plans for 1993
The estimates of capital expenditures by MOFA'S
for 1992 and 1993 presented in this article are
based on a BE A survey conducted in June 1993.
These estimates update previous estimates, published in the March 1993 SURVEY OF CURRENT
BUSINESS, that were based on a survey conducted
in December 1992. For 1992, the updated estimate of spending, which now represents actual
spending, is 4 percent lower than the previous
estimate (table 2). For 1993, the updated estimate
of planned spending is also 4 percent lower.
Affiliates in all major industries except services and "other industries" have reduced their
spending plans for 1993. The reductions are
concentrated in manufacturing—particularly in
transportation equipment and in chemicals and
allied products; they may largely reflect increased
deferrals and cancellations of expansion projects
due to weak economic conditions abroad and unsettled conditions in European currency markets.
However, to the extent that it was not anticipated
at the time of the December survey, the 2-percent
appreciation of the dollar that occurred during
the first 6 months of 1993 may also have reduced
the dollar value of spending plans.
By area, the plans for 1993 have been reduced for all major areas except "International,"
Africa, and Canada; more than 90 percent of the
reduction was accounted for by Europe.6
This section discusses 1993 capital spending plans
for MOFA'S and changes in spending from 1992
to 1993 by area and by industry. It should
be noted that changes may result from changes
in spending by existing affiliates, the addition
of spending by affiliates that have been newly
established or acquired, or the elimination of
spending by affiliates that have been sold or liquidated. In the discussion, information from
outside sources, mainly press reports, has been
used to supplement BEA'S survey data.
6. "International" affiliates are those that have operations in more than
one country and that are engaged in petroleum shipping, other water
transportation, or operating movable oil-and gas-drilling equipment.
Table 2.—Comparison of Capital Expenditures Estimates
for 1992 and 1993
1992
1993
Percent
change from
preceding
year
1992
1993
Billions of dollars
Date of the survey:l
December 1991
June 1992
December 1992
June 1993
.
65 8
64.5
65.6
63.2
70.2
67.4
4
4
4
n
7
7
Percent
Addenda:
Difference between previous and most
recent estimate
-4
-4
Difference between first and most recent
estimate
-4
-4
* Less than 0.5 percent (±).
1. The results of each survey are published 3 months later in the SURVEY OF CURRENT
BUSINESS.
Area highlights
Affiliates in all major areas except Europe plan
to increase spending in 1993. As planned, the
fastest growth in spending will occur in "Latin
America and Other Western Hemisphere," Asia
and Pacific, and Africa. In Canada, spending is
expected to increase for the first time in 3 years.
In Europe, spending is expected to decrease.
In "Latin America and Other Western Hemisphere/' affiliates plan to increase spending 22
percent in 1993, to $7.0 billion, after a 6-percent
increase in 1992. Most of the increase is accounted for by affiliates in Mexico and Brazil—
two of the largest economies in the area—but
affiliates in several other countries also plan to
increase spending. In both countries, but especially in Brazil, affiliates have produced mainly
for local markets; in 1991, local markets were the
destination of 87 percent of Brazilian affiliates'
sales and 71 percent of Mexican affiliates' sales.
In Mexico, affiliates plan to boost spending
34 percent, to $2.4 billion, after a 42-percent
increase. The continued strong spending in
Mexico reflects the favorable investment climate
produced by a growing economy, by liberalized policies toward foreign direct investment in
recent years, and by the prospective free-trade
agreement with the United States and Canada.
Most of the increase is accounted for by affiliates
in manufacturing, particularly in transportation
equipment, chemicals and allied products, and
food and kindred products. In transportation
equipment, affiliates appear to be expanding
capacity to serve export, as well as domestic,
markets, both of which have grown rapidly in recent years. In chemicals, affiliates are probably
expanding capacity mainly to serve local markets, which were the destination of more than 95
percent of chemical affiliates' sales in 1991.
In Brazil, increases are planned in all manufacturing industries after decreases in 1992; the
SURVEY OF CURRENT BUSINESS
turnaround partly reflects a shift to more open
foreign trade and investment policies in recent
years. The largest increases are in transportation equipment and in rubber products (part
of "other manufacturing"). In both industries,
more than 80 percent of affiliates' sales in 1991
were local.
Among other Latin American countries, affiliates plan to increase spending in Chile, Ecuador,
and Venezuela. In Chile, affiliates in "other industries," particularly mining, plan to double
spending. In Ecuador, affiliates in petroleum
plan to more than triple spending. In Venezuela,
affiliates in petroleum and manufacturing plan
increases.
In Asia and Pacific, affiliates plan to increase
spending 20 percent, to $13.0 billion, after a 3percent increase. The increases are largely in
response to rapid economic growth in several
newly industrialized countries, which has generated favorable markets for affiliates throughout
the region. The largest increases are planned by
affiliates in "other industries," particularly mining, and in petroleum. These affiliates have been
attracted by the natural resources in their host
countries and by the growing energy needs resulting from the region's rapid economic growth. In
manufacturing, most of the increase is accounted
for by affiliates in Australia, Japan, Thailand, the
Republic of Korea, Singapore, and Hong Kong. If
the pattern of sales by destination remains similar
to that in 1991, the capacity added by affiliates in
Australia and Japan probably will be used mainly
to serve domestic markets, whereas that added
by affiliates in the remaining countries probably will be used mainly to serve export markets.
(For Japan, 83 percent of sales were local, and for
Australia, 78 percent of sales were local; for the
Republic of Korea, Singapore, and Hong Kong
combined, 28 percent of sales were to local markets, 43 percent were to the United States, and 29
percent were to other foreign countries.)
In Africa, affiliates plan to increase spending 15
percent, to $1.8 billion, after a 2-percent increase.
Most of the increase is accounted for by affiliates engaged in the exploration and development
of petroleum and natural gas in Congo and in
Angola.
In Canada, affiliates plan to increase spending 5 percent, to $j.6 billion, after a 13-percent
decrease. The largest increases are in petroleum and in "other industries," particularly
telecommunications.
In Europe, affiliates plan to decrease spending
1 percent, to $35.9 billion, after a l-percent in
September 1993 •
crease. As planned, sizable decreases by affiliates
in Germany, France, the United Kingdom, and
Austria will more than offset generally smaller
increases by affiliates in the Netherlands, Spain,
Switzerland, Turkey, Poland, and the former
Czechoslovakia.7 In Germany, sizable decreases
are planned in transportation equipment and in
paper products (part of "other manufacturing").
In France, large decreases are planned in paper
products and machinery. In the United Kingdom, large decreases are planned in petroleum.
Most of the increase in the Netherlands is accounted for by affiliates in petroleum and in
chemicals. In Spain, the largest increases are in
services and in "other manufacturing," particularly glass products. In Switzerland, most of the
increase is in food and kindred products and in
"other industries," particularly food retailing. In
Turkey, the largest increases are in "other manufacturing," particularly tobacco products, and in
food and kindred products. In Poland, the increase is largely accounted for by producers of
tobacco products. In the former Czechoslovakia,
producers of paper products account for most
of the increase. The increases in Poland and
the former Czechoslovakia are part of an overall
pattern of rapid spending growth by affiliates in
Eastern Europe, which has been prompted largely
by market-oriented reforms in the area. Total
spending by affiliates in Eastern Europe is expected to reach $0.8 billion in 1993, almost double
the 1992 level.
Industry detail
Petroleum.—Petroleum affiliates plan to increase
spending 7 percent in 1993, to $19.6 billion, after
a l-percent decrease in 1992. The planned 1993
increase contrasts with the planned 3-percent decrease in domestic capital spending by all U.S.
businesses in petroleum.8 U.S. multinational oil
companies continue to emphasize overseas exploration and development because exploitable
7. On January 1, 1993, the former Czechoslovakia ceased to exist; it
was succeeded by two independent States—the Czech Republic and Slovakia.
However, in June 1993, when the BEA survey of capital spending was conducted, most companies had not yet begun to report data separately for the
two countries.
8. The figure for domestic capital spending is from the Census Bureau
(see footnote 2). Both the Census Bureau data and the BEA data for foreign
affiliates are classified according to the primary activity of each company, but
they differ in coverage. The Census Bureau data for "petroleum" cover only
companies primarily engaged in petroleum manufacturing, whereas BEA data
cover companies engaged in all phases of the industry—in manufacturing,
in extraction, and in distribution. However, the Census Bureau data for
petroleum manufacturing do include the large, integrated companies that
account for much of the total activity in the domestic petroleum industry;
thus, the figure probably would not be greatly affected if domestic spending
by smaller, independent companies primarily engaged in extraction or other
phases of the industry were included to make it more comparable with BEA
data for foreign affiliates.
89
90
• September 1993
SURVEY OF CURRENT BUSINESS
oil and gas reserves abroad are larger than those
in the United States, because some host governments have offered favorable financial incentives
and production licenses to U.S. companies, and
because environmental regulations in some foreign countries are less restrictive than those in
the United States. Nevertheless, spending growth
by foreign affiliates has been held below historical trends by the continued weakness in oil
prices—partly a consequence of the prolonged
weakness in industrial activity, particularly in
Europe. (During 1987-91, capital spending by
MOFA'S in petroleum increased at an average
annual rate of 18 percent.)
By area, petroleum affiliates in all major geographic areas except Europe plan to increase
spending. In Canada, affiliates plan to increase
spending 22 percent, to $2.0 billion, after a
22-percent decrease. The increase is partly attributable to increased participation by several
affiliates in the development of crude oil reserves
off the coast of Newfoundland.
In Africa, affiliates plan to increase spending
17 percent, to $1.6 billion, after a 3-percent decrease. The increase is mainly for development
of oilfields off the coasts of Congo and Angola.
In Asia and Pacific, affiliates plan to increase
spending 15 percent, to $5.1 billion, after a 19percent increase. As noted earlier, this increased
spending has been encouraged by the area's growing energy needs. Indonesia and Thailand have
attracted an especially large share of the spending
increases: In Indonesia, spending is mainly for
exploration and development of crude petroleum
and natural gas, and in Thailand, it is mainly for
refinery expansions. In China, a sizable spending
increase is planned to construct natural gas extraction facilities. In Australia, a planned increase
is mainly for exploration and development.
In "Latin America and Other Western Hemisphere," affiliates plan to increase spending 10
percent, to $1.0 billion, after a similar increase in
1992. The 1993 increase is more than accounted
for by affiliates in Ecuador, which plan to expand
petroleum refining and extraction facilities.
In the Middle East, affiliates plan to increase
spending 6 percent, to $0.8 billion, after a 28percent increase. The 1993 increase is mainly for
petroleum refining and extraction.
In Europe, affiliates plan to decrease spending 2 percent, to $8.8 billion, after a 6-percent
decrease. The 1993 decrease is the net result of
increases planned by affiliates in the Netherlands
and Norway and of large decreases planned by
affiliates in the United Kingdom, France, and
Italy. In the Netherlands, the increase is for refinery expansion, and in Norway, it is for crude
petroleum and natural gas extraction projects. In
the United Kingdom, which has the largest decrease in spending, decreases partly reflect project
completions and deferrals.
Manufacturing.—Manufacturing affiliates plan to
increase spending 4 percent in 1993, to $29.8 billion, after a l-percent increase in 1992. The 1993
increase is about in line with the 5-percent increase in domestic capital spending planned by
all U.S. companies in manufacturing (excluding
petroleum manufacturing).
By area, the largest increases in spending are
expected to occur in several countries in Asia
and Pacific; increases are also expected in Mexico
and Brazil. Spending is expected to decrease in
Canada and in Europe, particularly in Germany,
France, and Austria.
Increases in spending are planned in all major
manufacturing industries except transportation
equipment. In chemicals, affiliates plan to increase spending 15 percent, to $7.3 billion, after a
3-percent decrease. Sizable increases are planned
by manufacturers of drugs in Belgium and Ireland and by industrial chemical producers in the
Netherlands and Mexico.
In "other manufacturing," affiliates plan to increase spending 6 percent, to $6.0 billion, after
an 11-percent increase. In Japan and Poland,
producers of paper products are planning sizable increases; in the former Czechoslovakia,
producers of tobacco products are planning increases. These increases are partly offset by
sizable decreases in France and Germany that reflect project completions by producers of paper
products.
In primary and fabricated metals, affiliates plan
to increase spending 6 percent, to $1.2 billion, after a 7-percent increase. Large spending increases
are planned by manufacturers of fabricated products in Germany and of primary aluminum in
Hungary.
In food and kindred products, affiliates plan to
increase spending 5 percent, to $3.4 billion, after a 7-percent increase. Most of the increase is
accounted for by affiliates in Mexico and Switzerland. In Mexico, the increase is largely accounted
for by producers of grain mill products, and in
Switzerland, by producers of candy.
In nonelectrical machinery, affiliates plan to
increase spending 4 percent, to $3.7 billion, after
a 21-percent decrease. Large spending increases
by computer manufacturers are planned in the
United Kingdom and Japan.
SURVEY OF CURRENT BUSINESS
In electric and electronic equipment, affiliates
plan to increase spending 3 percent, to $2.7 billion, after a 6-percent decrease. Increases in
spending by semiconductor producers in Germany and by manufacturers of household audio,
video, and communication equipment in the
Netherlands are partly offset by decreases in
spending by semiconductor producers in Japan
and Taiwan.
In transportation equipment, affiliates plan to
decrease spending 9 percent, to $5.6 billion, after a 10-percent increase. Large decreases in
spending by affiliates in Europe are expected to
more than offset increases in spending by affiliates in Mexico and Brazil. In Europe, spending
is expected to decrease 23 percent, to $3.4 billion, after a 9-percent increase. Decreases are
planned in Germany and, to a lesser extent,
in Austria and the United Kingdom. The decreases are mainly attributable to the continued
economic slowdown, weak sales, and overcapacity. In contrast, spending in Mexico appears to
have been stimulated by a growing auto market,
more favorable government policies toward foreign investment, and the prospective free-trade
agreement. In Brazil, affiliates are expanding capacity partly to serve growing auto markets in
other Latin American countries.
All other industries.—In all other industries combined, affiliates plan to increase spending 11
percent in 1993, to $18.0 billion, after a 2percent increase in 1992. In "other industries"—
mainly in public utilities, telecommunications,
and mining—affiliates plan to increase spend-
September 1993 •
ing 26 percent, to $6.3 billion, after an 8-percent
decrease.9 The largest increases are planned by
affiliates in Hong Kong, "International," Chile,
Australia, and Canada. In Hong Kong and
Australia, affiliates in electric utilities plan increases to construct power plants and related
facilities. In "International," the increase is in
water transportation. In Chile, the increase is
concentrated in mining. In Canada, it is mainly
in telecommunications.
In services, affiliates plan to increase spending
7 percent, to $4.8 billion, after a 41-percent increase. Most of the 1993 increase is accounted for
by affiliates in the United Kingdom and Spain.
In the United Kingdom, affiliates in computer
processing and data preparation services and in
automotive rental and leasing services plan to expand capacity. In Spain, affiliates in management
and public relations services plan increases.
In finance (except banking), insurance, and
real estate, affiliates plan to increase spending 5
percent, to $2.5 billion, after a 9-percent decrease.
Most of the increase is accounted for by insurance
affiliates in Japan.
In wholesale trade, affiliates plan to increase
spending 1 percent, to $4.4 billion, after a 6percent decrease.
Increases in spending by
affiliates in Singapore and Japan are partly offset
by decreases in spending by affiliates in Hungary
and Spain.
Tables 3.1 and 3.2 follow. £2
9. "Other industries" consists of agriculture, forestry, and fishing; mining; construction; transportation, communication, and public utilities; and
retail trade.
91
9 2 • September 1993
SURVEY OF CURRENT BUSINESS
Table 3.1—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 1992'
[Millions of dollars]
All industries
Petroleum
Food and
kindred
products
Total
Chemicals and
allied
products
Primary
and fabricated
metals
Machinery, except electrical
Electric
and electronic
equipment
Transportation
equipment
aher
manufacturing
Wholesale trade
Finance
(except
banking),
insurance,
and real
estate
Other in
dustries
Services
63,215
18,365
28,608
3,201
6,330
1,125
3,577
2,591
6,151
5,634
4,418
2,357
4,436
5,03
Canada
7,245
1,617
3,077
273
605
197
206
100
793
902
403
475
624
1,04
Europe
36,099
9,000
18,235
1,997
4,183
534
2,505
1,098
4,360
3,557
2,745
1,294
3,348
1,47
457
37
62
98
(D)
()
919
60
(D)
4
89
32
(*)
165
3
454
7
5
799
3
40
2
5
40
8
8
10
36
n
5
61
1
4
512
131
n
0
114
737
72
127
(D)
19
537
26
314
41
1
666
(E
6
(rr
(
(r
750
12
272
296
1
411
142
0
6
36
2
45
674
0
94
311
3
73
271
1
131
70
1
51
2,294
787
2
122
169
(D)
328
344
12
8
179
2
165
4C
279
393
2
(D)
203
(D)
120
5
32
193
n
1
(D)
59
P>
0
16
061
(D)
0
614
n
n
n1
41
24
228
61
(D)
14
471
(D)
(D)
2
14
2
43
0
439
9
34
(D)
110
10
99
2
(L
(
10
(r
1,274
O
17
(D)
232
(D)
7
2
111
32
38
(D)
852
38
32
2
174
865
594
328
211
104
78
63
3
49
3
2
363
(D)
(D)
5
42
1
1
166
58
13
(D)
7
2
D
()
78
17
50
9
2
67
3
25
5
(D)
0
33
1
4
14
(r
n
244
3
233
0
2
0
0
0
5
0
8
51
4
622
0
0
0
622
0
0
224
12
2
2
206
1
1
156
(D)
7
0
All countries
Austria
Belgium
Denmark
Finland
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
aher
Latin America and Other Western Hemisphere
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
aher
Central America
Costa Rica
Guatemala
Honduras
Mexico
Panama
aher
a h e r Western Hemisphere
Bahamas
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
1,531
295
58
D
P)
2,494
7,072
5,386
2,191
376
9
67
210
2
313
1,146
469
16
153
77
0
225
1,487
1,385
197
n
55
1,645
(D)
30
13
120
1,155
229
656
172
135
274
129
84
6
22
26
12,339
5,931
3,900
497
93
(D)
5,776
914
3,430
572
704
286
234
1,903
352
144
119
5
16
3
1
418
57
258
12
32
2
7
262
202
(D)
197
1
0
0
0
38
26
49
1
3
n
0
218
9
5
7
196
1
275
3
2
3
264
2
1
24
1
0
(*)
21
(*)
1
32
0
0
0
32
0
0
110
2
0
0
108
0
12
8
0
n0
0
(*)
0
0
1
0
0
0
0
0
0
0
0
0
0
(*)
0
0
n0
0
0
0
0
59
919
1,823
138
3,179
452
1,408
402
371
78
65
629
129
89
(D)
219
65
(D)
209
193
P)
2,086
38
139
38
46
1,782
60
21
511
30
9
76
126
0
8
3
6
6
16
247
13
7
18
31
783
1,056
116
233
1,185
(D)
96
8
10
133
1,505
28
9
12
1,449
4
3
22
8
(*)
fl
60
4
(D)
5
(D)
(D)
1
(D)
3
56
Africa
1,590
1,367
W
275
512
122
681
256
506
(D)
(D)
869
103
17
75
674
729
10,856
2,125
4,412
3,639
676
108
629
52
88
6
27
Nigena
South Africa
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific
Australia
China
Hong Kong
India
Indonesia
japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other
International2
Addenda;
European Communities (12) 3
OPEC 4
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 1.
2. See footnote 4, table 1.
n
4,334
167
671
17
n
7
59
663
301
584
257
(D)
(D)
(D)
5
(D)
62
(D)
518
1
412
230
780
326
32,543
2,830
7,412
2,156
1,845
2,218
203
919
192
237
1,121
2
1
(D)
1
2
s
384
(D)
n
3
n0
0
n0
0n
0
1
2D
()
815
45
(
2
1
n
D
n0
134
12
5
44
74
14
1
1
3
10
41
7
3
20
11
93
88
5
7
6
1
0
3
1
2
n
0
1,384
150
51
144
376
243
136
(D)
n
336
119
14
2
n2
(D)
11
2
(D)
38
4
20
15
4
n0
793
290
26
12
2
15
212
26
8
23
39
69
33
30
9
82
2
4
136
4
8
2
2
1
0
0
0
n
51
3
7
n1
0
6
74
n
0
0
0
n0
1
n
0
0
n
(D)
O
C)
1
0
1
0
0
1
1
0
0
0
73
73
0
56
13
623
29
2
9
2
4
(D)
17
(D)
(*)
(*)
105
6
(D)
0
1,146
n
0
n
14
2
5
n1
2
1
(D)
(D)
n0
21
3
39
0
3
384
29
267
O
45
175
136
41
3
0
7
97
(D)
13
867
(D)
9
D
()
43
8
n
100
172
5
8
n
(*)
n
2
97
(D)
n
0
116
0
1
(*)
114
1
n
n
7
1
17
3
fl
o
o
n
0
0
0
0
0
1
0
(D)
21
1
0
n
n
n
n
2
0
0
2
0
18
0
15
3
(*)
n1
1
D
r)
3
1
0
0
2
0
n
(D)
(D)
0
0
0
0
0
7
7
1
0
0
13
1
1
7
3
0
130
67
0
555
91
7
24
1
2
252
61
(D)
5
(D)
915
203
7
72
371
49
0
47
n
n
n
158
n0
0
10
3
0
(D)
(D)
(D)
(D)
0
0
n
31
0
( )
15
320
43
8
14
7
110
27
17
2
2
1
n1
3
4
6
2
(°)
28
(D)
n
(*)
a
(r
16
(
(l
24
0
(D)
0
20
(D)
2
24
(r
(r
3
9
(l
(
13
4
1
2C
5
n2
(r
0
n1
n
(D)
3
0
D
(b)
(D)
14
3
1
(D)
334
180
(*)
16
(D)
n
71
(D)
(
(
(J
(
(!
(
(!
1,1f
35
(
(
(J
(
n
23
1
40
2
1
0
(
(
(
(
4!
17,167
1,749
4,043
178
45
71
519
7
2,402
1,022
4,067
3,366
2,174
1,227
3,175
1.3*
8
10
5
32
(D)
n
6
(
3. See footnote 5, table 1.
4. See footnote 6, table 1.
NOTE.—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
SURVEY OF CURRENT BUSINESS
September 1993 •
93
Table 3.2—Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies in 1993 '
[Millions of dollars]
Manufacturing
All countries .
Canada
,
Europe
All industries
Petroleum
67,416
19,639
7,590
1,978
35,911
8,849
n
Austria
Norway
Portugal
Spain
Sweden
Switzerland
Turkey
United Kingdom
Other
Latin America and Other Western Hemisphere .
South America
Argentina
Brazil
Chile
Colombia
Ecuador
Peru
Venezuela
Other
Central America ...
Costa Rica
Guatemala
Honduras
Mexico
Panama
Other
Other Western Hemisphere .
Barbados
Bermuda
Dominican Republic
Jamaica
Netherlands Antilles
Trinidad and Tobago
United Kingdom Islands, Caribbean
Other
Africa
Egypt
Nigeria
South Africa ..
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates .
Other
Asia and Pacific
Australia
China
Hong Kong
India
3,703
2,658
5,602
5,966
4,442
2,464
4,760
6,341
2,989
137
202
134
820
862
367
451
657
1,148
4,753
687
2,492
1,152
3,376
3,566
2,526
1,307
3,634
1,568
3
4
47
P)
10
70
138
72
15
303
41
P)
P'
18,027
2,001
1,579
1,477
235
234
781
290
27
37
12
22
21
12
87
12,021
5,498
(D)
207
7,039
1,001
4,360
707
876
3.790
657
118
55
2,319
395
149
143
5
27
3
2
56
12
506
64
313
14
48
3
10
54
1
310
15
6
12
274
2
1
361
8
3
3
343
5
1
33
2
0
1
26
2
9
4
0
491
1,687
585
332
220
(D)
292
( )
D
42
817
1,108
104
1,301
1,225
134
361
251
3,928
279
1,495
P)
P)
( )
32
(D)
127
12
15
212
(D)
2,712
51
2,021
133
36
45
n6
44
12
18
2,396
74
27
159
203
3
6
20
16
537
45
8
66
293
8
7
P)
39
6
207
8
(D)
4
5
1
205
3
(D)
1,826
1,594
272
562
128
863
236
556
930
120
53
90
668
770
13,015
2,557
353
1,045
P)
7
9
20
4
(*)
n9
3
6
836
s
o1
507
22
55
112
0
213
785
14
337
337
1
532
222
0
12
20
2
67
671
0
89
301
3
76
21
67
5
223
68
380
56
n
2
29
234
22
51
15
829
101
(*)
(*)
43
1
4
27
147
64
2
2
181
n0
0
1
0
1
n2
2
279
254
232
246
220
89
6
75
2
2
n
4
n0
n0
1
0
0
0
0
0
0
0
0
0
0
0
n0
9
3
5
0
2
1
1
n
n
5,066
4,154
813
277
98
789
68
114
9
33
382
158
8
3
(*)
P)
380
31,860
3,390
7,049
2,580
121
(D)
657
215
304
P)
1,125
P)1
89
1,490
204
350
57
166
404
217
224
29
54
24
9
20
41
5
19
23
13
P)
53
80
30
73
1 )
1
4
0
143
2
0
0
140
106
96
9
1
1,760
0
34
0
0
0
34
0
0
19
4
331
32
15
3
21
301
20
11
P)
216
/Dj
v
o
0
0
2
0
4
6
3
8
61
23
3
16
18
1,000
P)
P)
P)
P)
16
1
1
4
11
n0
0
103
83
19
0
726
1
134
29
6
47
53
n
129
(*)
11
87
(*)
13
1
212
50
n
n0
30
77
653
28
3
0
21
574
1
1
P)
(D)
9
1,606
n0
0
P)
292
1
140
61
1
93
0
0
0
1,104
258
1,026
1,931
2
39
2
3
608
10
1
1
1
1
2
1,198
590
2,483
1,780
Other industries
7,282
4,729
130
Services
245
386
fD)
25
145
4
501
1,809
Finance
(except
banking),
insurance,
and real
estate
3,361
6,481
78
914
Wholesale trade
29,770
n
616
142
Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 1.
2. See footnote 4, tabie 1.
Other
manufacturing
12
2,232
299
901
203
D
Transportation
equipment
8
21
4
Electric
and electronic
equipment
58
3,990
2,268
2,439
Addenda:
European Communities (12) 3
OPEC 4
,
Machinery, except electrical
()
989
76
Indonesia
Japan
.,
Korea, Republic of ....,
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Thailand
Other
International
Primary
and fabricated
metals
51
70
123
336
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
Total
Chemicals and
allied
products
4
43
45
1,603
Belgium
Denmark
Finland
France
Food and
kindred
products
n
0
0
0
0
0
0
0
0
n
0
9
1
1
n1
0
0
P)
7
4
24
498
Pi8
n
77
646
5
176
203
78
308
337
19
10
173
4
150
302
8
2
P)
P)
219
122
107
22
49
140
829
199
39
71
154
51
199
17
437
64
3
1
15
2
46
0
451
16
33
37
201
15
113
1
15
13
147
20
40
1,410
298
52
1,211
799
410
251
87
929
348
4
324
0
2
0
0
18
0
515
163
60
15
22
95
21
54
6
14
45
5
26
4
7
0
1
2
510
8
42
378
862
0
0
0
862
0
0
277
16
3
2
251
1
3
238
65
n
n0
p)
p)
0
0
0
0
0
0
0
0
0
0
0
1
805
P)
P)
P)
P)
5
44
1
1
71
P)
P)
2
P)
45
4
n2
0
(*)
n0
118
0
1
P)
0
(*)
28
2
0
n
n1
1
0
2
1
8
18
P)
P)
1
n2
3
1
0
0
2
2
2
0
0
0
87
86
0
1
0
0
0
0
0
0
4
3
1
0
0
6
1
1
2
2
2
1
(*)
74
16
744
36
7
13
(D)
2
484
40
25
(*)
(*)
120
6
(D)
0
1,051
194
99
709
120
15
33
1,120
0
n
21
6
4
n1
3
(D)
P)
P)
0
(*)
0
0
12
5
0
12
9
5
31
22
0
P)
4
333
80
30
P)
21
11
P)
33
0
203
4
73
n
8
459
P)
10
15
7
P)
43
43
2
3
n1
P)
n
n6
38
26
13
2
1
P)
n9
n
9
1
C)
n
p)
8
0
26
0
n
P)
n
2
0
0
2
0
n
P)
P)
n
n1
P)
( )
n
112
4
0
3
0
9
25
15
22
165
159
11
0
P)
1
0
24
2
0
2
0
0
n5
432
0
1
406
n
30
6
45
0
3
284
29
271
(*)
41
180
16
P)
191
2
51
0
8
74
20
11
n0
n
7
9
5
1
692
n
5
1
n2
n1
n
p)
4
0
1
1
0
n
(*)
p)
n0
3
P)
P)
p)
p)
P)
P)
449
53
0
53
351
200
1,875
n
n
P)
(*)
n1
230
4
P)
16
2
42
36
P)
n
22
3
1
n
16
75
P)
n
24
1
32
2
1
0
n
10
8
500
3
691
0
466
64
2
P)
P)
39
4
1
P)
29
724
16,638
1,645
4,553
261
65
79
589
10
2,382
1,082
3,253
3,134
2,062
5
8
18
76
56
1,229
n
3. See footnote 5, table 1.
4. See footnote 6, table 1.
NOTE—Estimates are for majority-owned nonbank foreign affiliates of nonbank U.S. parents.
3,457
1,426
6
487
SURVEY OF CURRENT BUSINESS
94
September 1993
U.S. International Transactions,
Second Quarter 1993
By Douglas B. Weinberg
and the 4 newly industrialized countries in Asia
(table B, chart 1). The dollar depreciated against
the Japanese yen and major European currencies.
The dollar depreciated 9 percent against the
yen in the second quarter, continuing a sharp
fall begun early in the year; by mid-June, the
dollar reached a new post-World War 11 low
against the yen. The second-quarter movement
was primarily influenced by market sentiment
that a lower dollar-yen exchange rate was needed
to reduce large surpluses in Japan's trade and
current-account balances. Official intervention in
the foreign exchange market during the quarter
temporarily slowed, but failed to stop, the dollar's
decline.
The dollar depreciated against major European
currencies in the second quarter. It depreciated most against those currencies not in the
Exchange Rate Mechanism (ERM), declining 4
percent against the British pound and 3 percent
against both the Italian lira and the Swiss franc;
it depreciated 1 percent against the currencies
of countries participating in the ERM (Germany,
f HE u.s. current-account deficit increased to
JL $26.9 billion in the second quarter of 1993
from $22.3 billion (revised) in the first quarter
(table A).1 A large increase in the deficit on goods
and services and a small increase in the deficit
on investment income were partly offset by a
decrease in net unilateral transfers.
In the capital account, net recorded capital inflows were $12.9 billion in the second quarter,
compared with $13.4 billion in the first. Net inflows on banking transactions diminished, and
inflows on official transactions picked up.
U.S. dollar in exchange markets
In the second quarter, the U.S. dollar depreciated
3 percent on a trade-weighted quarterly average
basis against the currencies of the 10 industrial
countries and 2 percent against the currencies of
26 countries comprising the 22 OECD countries
1. Quarterly estimates of U.S. current- and capital-account components
are seasonally adjusted when statistically significant seasonal patterns are
present. The accompanying tables present both adjusted and unadjusted
estimates.
Table A.—Summary of U.S. International Transactions
[Millions of dollars, quarters seasonally adjusted]
1993
1992
Lines in tables 1 and 10 in which transactions are included are indicated in ()
Line
1991
Change:
1993 l-ll
1992
I
IV
Exports of goods, services, and income (1)
Merchandise, excluding military (2)
Services (3)
Income receipts on investments (11)
708,489
416,937
164,260
127,292
730,460
440,138
179,710
110,612
Imports of goods, services, and income (15)
Merchandise, excluding military (16)
Services (17)
Income payments on investments (25)
-723,388
^90,739
-118,378
-114,272
-763,965
-536,276
-123,299
-104,391
6,575
-32,895
-7,389
-8,010
-7,147
-10,348
-7,586
-7,066
520
U.S. assets abroad, net (increase/capital outflow (-)) (33)
U.S. official reserve assets, net (34)
U.S. Government assets, other than official reserve assets, net (39).
U.S. private assets, net (43)
-59,974
5,763
2,905
-68,643
-50,961
3,901
-1,609
-53,253
-1,029
-1,057
-275
303
-8,695
1,464
-293
-9,866
-10,798
1,952
-305
-12,445
-30,438
1,542
-737
-31,243
-12,358
-983
535
-11,910
-25,428
720
55
-26,203
-13,070
1,703
-480
-14,293
Foreign assets in the United States,net (increase/ capital inflow (+)) (48)
Foreign official assets, net (49)
Other foreign assets, net (56)
83,439
17,564
65,875
129,579
40,684
88,895
19,834
21,124
-1,290
44,450
21,008
23,442
26,450
-7,378
33,828
38,845
5,931
32,914
25,718
10,929
14,789
38,292
17,839
20,453
12,574
6,910
5,664
-15,140
-12,218
-12,120
-17,502
2,123
15,280
8,948
14,070
5,122
-8,324
-66,400
-6,685
-18,253
-17,775
-23,687
-22,308
-26,934
-4,626
Unilateral transfers (29)
Allocations of special drawing rights (62)
Statistical discrepancy (63)
Memorandum:
Balance on current account (70)
r
Revised.
p Preliminary.
182,211
108,347
44,836
29,028
181,454
108,306
44,507
28,641
184,759
113,992
45,018
25,749
184,071
111,530
46,463
26,078
187,810
113,125
47,227
27,458
3,739
1,595
764
1,380
-181,507 -191,697 -192,666 -198,098 -198,793 -207,678
-126,110 -133,107 -137,105 -139,954 -140,839 -147,513
-30,788 -30,856 -30,069 -31,589 -31,839 -32,432
-24,609 -27,734 -25,492 -26,555 -26,115 -27,733
-6,674
-593
182,038
109,493
45,350
27,195
-8,885
-1,618
SURVEY OF CURRENT BUSINESS
France, Belgium, and the Netherlands). Early
in the quarter, the dollar fell, as market participants reacted to reports showing weak U.S.
economic performance. Later in the quarter, the
dollar rose, partly as participants reacted to reports on the depth of economic recession across
continental Europe, particularly in Germany.
September J993
won. The U.S. dollar was unchanged against the
Hong Kong dollar.
Current Account
The $4.6 billion increase in the deficit on current
account in the second quarter was accounted for
by a $4.9 billion increase in the deficit on goods
and services, a $0.2 billion increase in the deficit
on investment income, and a $0.5 billion decrease
in net unilateral transfers.
Against the currencies of the newly industrialized countries in Asia, the U.S. dollar depreciated
2 percent against the Singapore dollar. In contrast, the U.S. dollar appreciated 1 percent against
both the Taiwan dollar and the South Korean
Indexes of Foreign Currency Price of the U.S. Dollar
December 1980=100
1201
100
90
80L
1989
1990
1991
1993
1992
1. Currencies ot 22 OECD counWes-AustralM, Austin, Belgium-luxembourg, Carada, Deranafc Finland, France, Qermay, & e ^ ^
Netherlands. New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom-plus Hong Kong, Republic of Korea, Singapore, and Tawain.
Dala: U.S. Department of the Treasury. E n d * * ™ * * tales.
2. Cumsncies of Beloim, Canada, Franoe. Germany, Italy. Japan, Neherlands, Sweto, Switzerland, and United Kingdom.
Data: Federal Reserve Board. Monty amerage rates. Index rebased by BEA.
U.S. Deparbnent of Commerce, Bureau of Economic Analysts
Table B.—Indexes of Foreign Currency Price of the U.S. Dollar
[December 1980=100]
1992
1993
1993
1992
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan,
Feb.
Mar.
Apr.
May
June
Trade-weighted average against 26 currencies'
96.8
93.4
100.0
100.7
98.7
94.7
93.9
92.2
94.0
97.9
101.0
101.1
101.0
101.0
100.1
98.1
98.1
99.8
2
96.8
90.0
97.4
102.6
100.0
94.5
90.8
89.1
90.2
93.5
99.1
99.6
101.6
103.2
103.0
99.7
99.3
101.0
99.9
100.5
105.5
105.5
106.2
100.0
99.7
99.6
102.2
104.1
106.0
106.4
106.8
105.4
104.3
105.5
106.2
106.9
100.9
1157
78.9
146.0
81.7
78.0
149.1
58.6
106.4
121.7
83.1
165.6
86.0
84.5
159.0
57.6
105.2
119.9
82.4
161.4
85.1
82.1
153.1
52.4
102.3
116.3
80.0
127.4
83.0
80.0
126.6
60.4
97.1
110.5
75.9
120.2
78.7
74.9
122.4
59.9
94.2
107.9
73.6
117.6
76.4
72.8
120.8
60.1
96.6
110.6
75.5
140.8
78.3
74.0
142.0
57.7
103.2
117.9
80.7
146.6
83.6
80.2
153.8
59.0
106.9
122.1
83.5
167.2
86.5
85.2
163.1
57.5
107.2
122.9
83.7
169.8
86.6
85.4
160.6
55.7
103.8
118.5
81.2
164.6
84.0
82.0
152.0
53.5
104.4
119.0
81.7
157.4
84.4
81.4
151.7
52.5
107.5
122.3
84.2
162.1
86.9
82.9
155.7
51.1
Trade-weighted average against 10 currencies
Selected currencies: -'
Canada
European currencies:
Belgium
France
Germany
Italy
Netherlands
Switzerland
United Kingdom
Japan
105.0
119.5
82.1
130.0
85.1
83.0
130.0
62.1
95.3
108.9
74.4
121.2
77.2
73.1
123.5
59.4
1. Currencies of 22 OECD countries—Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France,
Germany^Greece, Iceland, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Swit-
94.5
108.4
73.8
125.9
76.5
71.7
127.2
58.3
102.8
118.5
80.5
150.7
83.3
79.8
151.4
59.1
105.0
120.2
82.1
159.7
85.0
82.9
153.2
59.5
2. Currencies of Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, and United
Kingdom. Data: Federal Reserve Board. Monthly and quarterly average rates. Index rebased by BEA.
SURVEY OF CURRENT BUSINESS
9 6 • September 1993
Goods and services
The deficit on goods and services increased to
$19.6 billion in the second quarter from $14.7 billion in the first. The increase was more than
accounted for by a $5.1 billion increase in the
deficit on merchandise trade. The surplus on
services edged up $0.2 billion.
Merchandise trade.-—The merchandise trade
deficit increased to $34.4 billion in the second
quarter from $29.3 billion in the first. The increase resulted from a surge in imports that
overwhelmed a small increase in exports. The
second-quarter deficit was the largest since the
$39.6 billion deficit in the fourth quarter of 1987.
Exports.—Exports increased $1.6 billion, or 1 percent, to $113.1 billion in the second quarter;
volume also increased 1 percent. Nonagricultural
exports more than accounted for the increase in
value.
Nonagricultural exports increased $1.7 billion,
or 2 percent, to $102.3 billion in the second
quarter; volume increased 1 percent (table C).
More than 80 percent of the increase in value
was accounted for by capital goods (mainly completed civilian aircraft and telecommunications
equipment); there were also small increases in industrial supplies and materials (mainly nonmonetary gold), consumer goods (mainly artwork,
antiques, stamps, and collectibles), and automotive products. By area, the largest increases in
nonagricultural exports were to Canada, where
economic growth was strong, and to the newly
industrialized countries in Asia. In contrast, exports to Western Europe, particularly the United
Kingdom, decreased. The decrease in exports to
the United Kingdom may have been partly attributable to the lagged effect of changes in the
value of the dollar against the British pound,
which, despite falling in the second quarter, has
risen significantly since the crisis in the ERM in
September 1992.
Agricultural exports decreased $0.1 billion, or
1 percent, to $10.8 billion in the second quarter;
volume was unchanged. The decrease in value
largely reflected decreases in soybeans and wheat,
which were partly offset by increases in meat
products and poultry and in vegetables, fruits,
nuts, and preparations. The decrease in soybeans
was to Western Europe, and the decrease in wheat
was to developing countries in Asia.
Imports.—Imports increased $6.j billion, or 5
percent, to a record $147.5 billion in the second
quarter; volume increased 4 percent. The constant (1987) dollar share of domestic purchases
of goods accounted for by imports continued to
increase strongly.
Nonpetroleum imports increased $5.1 billion,
or 4 percent, to $133.2 billion in the second quarter; volume also increased 4 percent (table C).
Most major commodity categories exhibited renewed strong growth, following a decline in
the first quarter. Forty percent of the increase
was accounted for by capital goods (mainly industrial and agricultural machinery; computers,
peripherals, and parts; and completed civilian
aircraft). Significant increases also occurred in
industrial supplies and materials (mainly nonmonetary gold) and in consumer goods (mainly
textile apparel and household goods). Automotive products (mainly passenger cars from areas
other than Canada) also increased, but at a slower
pace than in the first quarter. By area, the
largest increases were from Canada, Western Europe, and China; imports from Japan decreased
slightly.
Petroleum imports increased $1.6 billion, or 12
percent, to $14.3 billion in the second quarter.
Both prices and volume increased: The average
price per barrel increased to $17.07 from $16.44,
and the average number of barrels imported daily
increased to 9.18 million from 8.50 million. Con-
Table C—U.S. Merchandise Trade, Current and Constant (1987) Dollars
[Balance of payments basis, millions of dollars, quarters seasonally adjusted]
Constant (1987) dollars
Current dollars
1991
1992
Agricultural products
Nonagricultural products
Imports
Petroleum and products
Nonpetroleum products ,
r
Revised.
p Preliminary.
1992
1991
I
Exports
1993
1992
IV
\p
1992\
r
1993
IV
416,937 440,138 108,347 108,306 109,493 113,992 111,530 113,125 389,473 416,959 101,901 102,263 103,987 108,808 106,727 108,003
40,133 44,033 10,837 10,653 11,163 11,380 10,846 10,787 35,471 39,721 9,693 9,554 10,185 10,289 9,684 9,718
376,804 396,105 97,510 97,653 98,330 102,612 100,684 102,338 354,002 377,238 92,208 92,709 93,802 98,519 97,043 98,285
490,739 536,276 126,110 133,107 137,105 139,954 140,839 147,513
51,751 51,589 10,473 13,105 14,298 13,713 12,761 14,312
438,988 484,687 115,637 120,002 122,807 126,241 128,078 133,201
457,325 507,460 119,703 126,131 129,046 132,580 136,041 141,974
49,489 51,168 11,807 12,899 13,276 13,186 13,362 14,442
407,836 456,292 107,896 113,232 115,770 119,394 122,679 127,532
SURVEY OF CURRENT BUSINESS
sumption and domestic production decreased,
and inventories increased.
September 1993
This was the third successive quarterly deficit
on investment income; prior to the fourth quarter of 1992, surpluses had existed. However, the
deficit remained small, and it has diminished over
the three quarters as a result of a faster pickup
in direct investment receipts than in payments.
Partly offsetting this pickup has been a faster drop
in portfolio income receipts than in payments.
Balances by area.—The deficit with the industrial
countries increased $4.1 billion, to $20.5 billion,
in the second quarter, mainly reflecting a shift
to a large deficit with Western Europe from a
surplus; decreases in the deficits with Japan and
Canada were partly offsetting. The deficit with
the developing countries increased $1.0 billion,
Direct investment income.—Income receipts on
to $13.8 billion, largely reflecting increases in the
U.S. direct investment abroad increased to $13.8
deficits with countries in Asia and Africa.
billion in the second quarter from $12.8 billion in
the first. The increase was accounted for by an
Services.—The surplus on services increased to
increase in operating earnings, mainly of petro$14.8 billion in the second quarter from $14.6 billeum affiliates in the Pacific Rim and continental
lion in the first. Service receipts increased to
Europe, which had higher margins on refining
$47.2 billion from $46.5 billion; service payments
operations. Operating earnings of manufacturincreased to $32.4 billion from $31.8 billion.
ing affiliates in Canada also increased strongly,
Travel receipts increased to $14.1 billion from
perhaps
reflecting strong Canadian economic
$13.9 billion; increases in receipts from Canada
growth.
and Mexico accounted for nearly all of the
change. Travel payments decreased to $10.3 bilIncome payments on foreign direct investment
lion from $10.5 billion; a large decrease in U.S.
in the United States increased sharply to $2.6 biloverseas payments and a small decrease in paylion from $1.5 billion. The surge was more than
ments to Canada were partly offset by an increase
accounted for by a shift to operating profits from
in payments to Mexico.
losses; this was the first operating profit since the
Passenger fare receipts were unchanged at
second quarter of 1989. Increases were largest for
$4.5 billion, and passenger fare payments were
petroleum affiliates, but they were also large for
unchanged at $2.8 billion.
wholesale trade, services, and banking affiliates.
Other transportation receipts were unchanged
at $5.9 billion. Freight receipts were unchanged,
Portfolio investment income.—Receipts of income
as an increase in air freight receipts was offset
on other private investment abroad increased to
by a decrease in ocean freight receipts. Port
$12.4 billion in the second quarter from $12.0
expenditure receipts were unchanged. Other
billion in the first. The change was more than
transportation payments increased to $6.1 bilaccounted for by an increase in receipts on forlion from $5.9 billion. Freight payments, both
eign bond holdings, which reflected increased
ocean and air, increased, reflecting strong U.S.
holdings. U.S. Government income receipts were
demand for imports. Port expenditure payments
unchanged at $1.3 billion.
increased, as U.S. airlines reported increased port
Payments of income on other private investcosts abroad.
ment in the United States increased to $14.8
Receipts for other private services decreased to
billion from $14.2 billion. The change was more
$14.0 billion from $14.2 billion. Payments for
than accounted for by an increase in payments on
other private services increased to $8.5 billion
foreign holdings of U.S. bonds, which reflected
from $j.8 billion, partly as a result of higher
increased holdings. U.S. Government income
payments for financial services.
payments decreased to $10.3 billion from $10.4
Transfers under U.S. military sales contracts
billion.
increased to $3.2 billion from $3.1 billion. U.S.
direct defense expenditures abroad decreased to
$3.1 billion from $3.2 billion.
Unilateral transfers
Investment income
The deficit on investment income increased to
$0.3 billion in the second quarter from less than
$0.1 billion in the first. Receipts of income on
U.S. assets abroad increased less than payments
of income on foreign assets in the United States.
Net unilateral transfers were $7.1 billion in the
second quarter, compared with $j.6 billion in
the first. U.S. Government grants more than accounted for the decrease, partly as a result of the
absence of debt relief, which had boosted grants
in the first quarter.
•
98 • September 1993
SURVEY OF CURRENT BUSINESS
Capital Account
Net recorded capital inflows were $12.9 billion
in the second quarter, compared with $13.4 billion in the first. In banking transactions, both
bank claims and bank liabilities decreased, but
by smaller amounts than in the first quarter, as
interbank activity remained weak. In securities
transactions, net U.S. purchases of foreign securities slowed, but remained strong; net U.S.
purchases of foreign stocks reached a record level
after several years of growth (chart 2). Net foreign purchases of U.S. securities other than U.S.
Treasury securities accelerated.
U.S. assets abroad
U.S. assets abroad increased $25.4 billion in the
second quarter, compared with a $12.4 billion
increase in the first. The step-up was more
than accounted for by a smaller decrease in bank
claims in the second quarter than in the first.
U.S. official reserve assets.—U.S. official reserve
assets decreased $0.7 billion in the second quarter, in contrast to an increase of $1.0 billion in
the first. The decrease was mostly accounted for
by a decrease in yen holdings, as U.S. monetary
authorities intervened in the foreign exchange
market to support the value of the dollar.
Claims reported by banks.—Claims on foreigners
reported by U.S. banks decreased $4.7 billion in
the second quarter, following a $28.1 billion decrease in the first. Factors contributing to the
Net U.S. Purchases and Sales
of Foreign Stocks
BHon$
-15
-10
NETPURCH
-5
NET SALES
111111
hill
1982 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0
US. OepsrtiMnt of Commerce, Bureau of Bxmonic Anaiyris
91 9 2 9 3
second-quarter decrease were the same as those
behind the large first-quarter drop: Weak foreign economic performance that depressed credit
demand, European short-term interest rates that
declined in relation to U.S. rates, and international bond interest rates that declined in relation
to bank lending rates. The decrease in claims
would have been larger except for a surge in
lending in the later part of the quarter.
Banks' own claims payable in dollars increased
$6.2 billion, following a $19.7 billion decrease. Interbank claims of U.S.-owned banks increased in
the second quarter as a result of a surge in lending
in the later part of the quarter, largely to satisfy
credit demand by affiliated offices in the United
Kingdom and Caribbean banking centers. Interbank claims of foreign-owned banks decreased;
however, Japanese-owned banks' claims on related offices in Japan increased, probably to
reverse rundowns at the end of the Japanese fiscal
year in March. Claims on other private foreigners increased, mainly as a result of lending to
international mutual funds in the Caribbean.
Banks' own claims payable in foreign currencies decreased $8.9 billion, in contrast to a $1.3
billion increase. The decrease was primarily in
claims on Japan.
Banks' domestic customers' claims payable in
dollars decreased $2.6 billion, following a $7.9 billion decrease. The second-quarter decrease was
more than accounted for by decreases in foreign
commercial paper and in other negotiable and
readily transferable instruments.
Foreign securities.—Net U.S. purchases of foreign
securities fell to $20.2 billion in the second quarter, but they remained strong following record
net purchases of $26.9 billion in the first. A drop
in net purchases of foreign bonds more than offset a step-up to record net purchases of foreign
stocks.
Net U.S. purchases of foreign bonds were $7.6
billion, down from a record $18.9 billion. Transactions in outstanding foreign bonds accounted
for the drop, shifting to net sales of $1.4 billion from net purchases of $9.6 billion. Most
foreign long-term interest rates, although higher
than in the United States, either rose, or they
declined less than U.S. rates; as a result, capital appreciation was less on holdings of foreign
bonds than on U.S. bonds. In contrast, net
purchases of British gilt-edged bonds remained
strong, encouraged by British interest rates that
were among the highest in Europe.
New foreign bond issues in the United States
remained at $10.2 billion, just slightly below the
SURVEY OF CURRENT BUSINESS
first-quarter record. The decline in U.S. longterm interest rates to record lows sustained a high
level of foreign borrowing. Issues from most
areas were strong; issues from Western Europe,
Latin America, and "other countries" picked up,
and issues from Canada fell but remained strong.
Net U.S. purchases of foreign stocks were a
record $12.6 billion, up from $8.0 billion. Net
purchases in Western Europe more than accounted for the step-up. The step-up was mainly
in net purchases of British stocks, but net purchases rose in most other European countries
too, encouraged by rising European stock prices
in the later part of the quarter. Net purchases
of Canadian stocks were strong for the second
consecutive quarter, as Canadian stock prices approached record levels. Net purchases of Japanese
stocks fell.
Direct investment—Net capital outflows for U.S.
direct investment abroad were $10.8 billion in the
second quarter, compared with $8.3 billion in the
first. Nearly all of the increase was accounted
for by an increase in net equity capital outflows
to $4.6 billion from $2.2 billion, partly reflecting
a pickup in overseas acquisitions. Intercompany
debt transactions shifted to net outflows of $0.2
billion from net inflows of $0.2 billion. Partly
offsetting was a decrease in reinvested earnings to
$5.9 billion from $6.3 billion.
Foreign assets in the United States
Foreign assets in the United States increased $38.3
billion in the second quarter, compared with a
$25.7 billion increase in the first. The step-up was
more than accounted for by a smaller decrease in
bank liabilities in the second quarter than in the
first.
September 1993
Foreign official assets.—Foreign official assets in
the United States increased $17.8 billion in the
second quarter, following an increase of $10.9 billion in the first (table D). Assets of industrial
countries increased $16.5 billion after an increase
of $1.7 billion, partly reflecting intervention purchases of dollars. Assets of OPEC members
decreased $0.9 billion, compared with an increase
of $0.5 billion. Assets of non-oPEC developing countries increased $2.2 billion, following an
increase of $8.8 billion.
Liabilities reported by banks.—U.S liabilities reported by U.S. banks, excluding U.S. Treasury
securities, decreased $2.5 billion in the second
quarter, following an $18.9 billion decrease in the
first.
Banks' own liabilities payable in dollars increased $y.j billion, in contrast to a $28.0 billion
decrease. A surge in foreign-owned banks' liabilities to unaffiliated foreign banks, predominantly
in Western Europe and the Caribbean, more
than accounted for the increase. The surge was
encouraged by a general decline in European
short-term interest rates at a time when U.S. rates
were stable. In contrast, foreign-owned banks'
liabilities to their own foreign offices decreased
because of large repayments early in the quarter.
U.S.-owned banks had large, nearly offsetting,
transactions with their own foreign offices during
the quarter. Large repayments in the early part
of the quarter were followed by heavy borrowing later in the quarter to finance midyear credit
demand at related offices abroad.
Banks' own liabilities payable in foreign currencies decreased $8.3 billion, in contrast to
a $10.2 billion increase.
The decrease was
mainly accounted for by loan repayments to
Japan, reversing first-quarter and yearend 1992
borrowing.
Table D—Selected Transactions with Official Agencies
[Millions of dollars]
1992
1991
Line
I
1
2
3
4
5
Changes in foreign official assets in the United States, net (decrease - ) (table 1, line 49)
Industrial countries l
.
. . .
Members of OPEC 2
Other countries
..
. . . .
Changes in U.S. official reserve assets, net (increase - ) (table 1, line 34)
17,564
-8,399
-4,882
30,845
5,763
1993
1992
40,684
16,193
5,857
18,634
li
III
IV
\r
II*
Change:
1993 H I
21,124 21,008 -7,378
6,122 13,606 -7,200
2,583 -2,113
3,051
12,419 9,515 -3,229
5,931
3,665
2,336
70
10,929
1,678
463
8,788
17,839
16,534
-940
2,245
6,910
14,856
1,403
-6,543
1,952
1,542
-983
720
1,703
3,901 -1,057
1,464
Activity under U.S. official reciprocal currency arrangements with foreign monetary authorities:3
6
6a
6b
Foreign drawings or repayments (—) net
Drawings
Repayments
r
Revised.
p Preliminary.
1. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
2. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries. Begin-
40
-40
143
-143
143
-143
470
-470
-470
470
ning in January 1993, excludes Ecuador.
3. Consists of transactions of the Federal Reserve System and the U.S. Treasury Department's Exchange Stabilization Fund.
100 • September 1993
SURVEY OF CURRENT BUSINESS
U.S. Treasury securities.—Transactions in U.S.
Treasury securities shifted to net sales of $0.4 billion in the second quarter from net purchases
of $13.6 billion in the first. Net sales occurred
from most areas, but particularly from Japan,
where the attractiveness of U.S. Treasury securities was reduced by the dollar's pronounced
weakness against the yen and by a rise in Japanese
long-term interest rates in relation to U.S. rates.
Net sales from Caribbean financial centers accelerated. In contrast, net purchases from Western
Europe were strong, particularly from the United
Kingdom.
Other U.S. securities.—Net foreign purchases of
U.S. securities other than U.S. Treasury securities
were $15.0 billion in the second quarter, up from
$9.4 billion in the first. Net purchases of U.S.
bonds more than doubled, while net purchases
of U.S. stocks slowed sharply.
Net foreign purchases of U.S. bonds were $14.8
billion in the second quarter, up from $5.8 billion
in the first, as strong price appreciation attracted
foreign investors. New issues sold abroad by U.S.
corporations surged to $10.3 billion, the highest
level since the second quarter of 1986. New issues in the Euromarket surged in the first half
of the year, reflecting falling interest rates and
relative calm within the ERM. U.S. issuers may
have been particularly attracted to the Euromarket because Eurobond interest rates decreased
more rapidly than U.S. domestic rates. By issuer,
borrowing by nonbank financial corporations increased the most, and borrowing by banking
corporations and "other" borrowers, primarily
telecommunications and retail companies, also
increased substantially. By instrument, fixed-rate
bonds accounted for over half of the increase in
new issues sold abroad, but floating-rate notes
also increased strongly.
Net foreign purchases of U.S. federallysponsored agency bonds increased to $7.8 billion
from $1.2 billion. Foreign investors shifted into
high-quality agency issues when U.S. corporate
bond prices fell midway through the quarter;
however, gross purchases and sales were down
26 percent from first-quarter levels. Net sales of
other outstanding bonds increased to $3.3 billion
from $1.0 billion.
Net foreign purchases of U.S. stocks slowed
sharply to $0.2 billion from $3.6 billion. Transactions by British investors accounted for most
of the slowdown, as the relative attractiveness of
U.S. stocks lessened during a period of moderately rising British stock prices. Net purchases
by Swiss investors fell substantially, and net
sales by Canadian investors accelerated, as both
the Swiss and Canadian stock markets advanced
sharply.
Direct investment.—Net capital inflows for foreign direct investment in the United States were
$8.3 billion in the second quarter, compared with
$8.6 billion in the first. Net intercompany debt
inflows decreased to $6.5 billion from $7.6 billion; the decrease was more than accounted for
by a decrease in inflows from parents in Western Europe. Net equity capital inflows decreased
to $3.5 billion from $3.7 billion. Largely offsetting these decreases in inflows was an increase in
reinvested earnings, which were still negative, to
-$1.6 billion from -$2.8 billion, reflecting a shift
to operating profits from losses.
Tables 1 through 10 follow. H
September 1993
SURVEY OF CURRENT BUSINESS
•
101
Table 1.—U.S. International Transactions
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
(Credits +; debits - ) !
Line
1992
1992
1992
1993
1993
730,460
182,476
182,880
180,212
184,892
183,832
189,172
182,211
181,454
182,038
184,759
184,071
187,810
„
440,138
109,230
110,864
105,626
114,418
112,023
115,818
108,347
108,306
109,493
113,992
111,530
113,125
Services3
Transfers under U.S. military agency sales contracts4
179,710
11,015
43,628
3,053
43,436
2,744
48,351
2,695
44,295
2,523
45,171
3,058
46,040
3,170
44,836
3,053
44,507
2,744
45,350
2,695
45,018
2,523
46,463
3,058
47,227
3,170
Travel
Passenger fares
Other transportation
53,861
17,353
22,773
12,128
3,989
5,566
13,446
4,133
5,668
15,839
5,165
5,788
12,448
4,066
5,751
12,384
4,022
5,732
13,991
4,416
5,825
13,482
4,378
5,683
13,513
4,243
5,718
13,405
4,327
5,696
13,460
4,405
5,677
4,450
5,855
14,061
4.548
5,879
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services
20,238
53,601
869
4,787
13,965
139
4,893
12,276
275
5,026
13,534
304
5,532
13,825
151
4,697
15,115
165
5,160
13,191
288
5,008
13,093
139
5,002
13,012
275
5,252
13,671
304
4,976
13,826
151
4,901
14,166
165
13,989
288
110,612
29,618
13,484
14,415
1,719
28,581
13,222
13,828
1,531
26,235
11,500
12,742
1,993
26,179
11,682
12,702
1,795
26,638
13,205
12,043
1,390
27,314
13,705
12,373
1,237
29,028
13,037
14,415
1,576
28,641
13,193
13,828
1,620
27,195
12,455
12,742
1,998
25,749
11,202
12,702
1,845
26,078
12,763
12,043
1,272
27,458
13,802
12,373
1,283
Exports of goods, services, and income
Merchandise, adjusted, excluding military2
Income receipts on U.S. assets abroad
Direct investment receipts
Other private receipts
U.S. Government receipts
53,687
7,038
5,292
Imports of goods, services, and income ..
-763,965
-175,223
-191,618
-197,030
-200,094
-191,037
-207,795
-181,507
-191,697
-192,666
-198,098
-198,793
-207,678
Merchandise, adjusted, excluding military2
-536,276
-122,828
-131,671
-138,176
-143,601
-136,194
-146,298
-126,110
-133,107
-137,105
-139,954
-140,839
-147,513
Services3
Direct defense expenditures
-123,299
-13,766
-28,431
-3,624
-31,789
-3,471
-32,784
-3,312
-30,294
-3,359
-29,399
-3,203
-33,336
-3,147
-30,788
-3,624
-30,856
-3,471
-30,069
-3,312
-31,589
-3,359
-31,839
-3,203
-32,432
-3,147
Travel
Passenger fares
Other transportation
-39,872
-10,943
-23,454
-8,057
-2,370
-5,722
-10,976
-2,821
-5,618
-12,153
-3,118
-6,161
-8,687
-2,634
-5,953
-8,396
-2,404
-5,847
-11,366
-2,900
-6,057
-10,009
-2,714
-5,809
-2,674
-5,700
-9,825
-2,722
-5,999
-10,140
-2,833
-5,945
-10,463
-2,765
-5,931
-10.260
-2.756
-6,149
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services
-4,986
-27,988
-2,290
-1,316
-6,849
-493
-1,078
-7,195
-631
-1,478
-1,113
-7,986
-562
-1,071
-7,884
-594
-1,084
-8,224
-559
-6,142
-605
-1,088
-7,662
-562
-1,088
-6,805
-1,101
-7,380
-631
-1,464
-5,957
-605
-7,795
-594
-1,107
-8,454
-104,391
-1,630
-61,582
-41,179
-23,964
2,005
-15793
-10,175
-28,158
-1,720
-16,113
-10,325
-26,070
-1,259
-14,472
-10,339
-26,199
-655
-15,204
-10,340
-25,445
-795
-14,240
-10,410
-28,161
-3,069
-14,787
-10,305
1,359
-15,793
-10,175
-27,734
-1,296
-16,113
-10,325
-25,492
-681
-14,472
-10,339
-26,555
-1,011
-15,204
-10,340
-26,115
-1,465
-14,240
-10,410
-27,733
-2,641
-14,787
-10,305
Income payments on foreign assets in the United States .
Direct investment payments
Other private payments
U.S. Government payments
Unilateral transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers
Private remittances and other transfers6
-1,334
-493
-24,609
-559
-32,895
-7,364
-7,588
-7,043
-10,900
-7,471
-6,795
-7,389
-8,010
-7,147
-10,348
-7,586
-7,066
-14,688
-3,735
-14,473
-2,788
-646
-3,930
-3,234
-929
-3,425
-2,783
-811
-3,448
-5,883
-1,348
-3,669
-3,242
-679
-3,550
-2,578
-2,788
-830
-3,770
-3,234
-1,118
-3,659
-2,783
-940
-3,424
-5,883
-846
-3,619
-3,242
-978
-3,366
-2,578
-975
-3,513
-25,428
-950
-3,267
U.S. assets abroad, net (increase/capital outflow (-)) ...
-50,961
-2,136
-10,635
-12,203
-25,987
-13,676
-27,122
-1,029
-8,695
-10,798
-30,438
-12,358
U.S. official reserve assets, net 7
Gold
,
Special drawing rights
Reserve position in the International Monetary Fund .
Foreign currencies
3,901
-1,057
1,464
1,952
1,542
-983
720
-1,057
1,464
1,952
1,542
-983
720
2,316
-2,692
4,277
-172
111
-173
-118
2,243
2,829
-2,685
-140
-228
-615
-166
211
675
-172
111
-996
-168
1
1,631
-168
1
1,631
-173
-118
2,243
2,829
-2,685
1,398
""""-140
-228
-615
-166
211
675
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net ...
-1,609
-7,140
-364
-1,232
1,002
-133
-234
-1,890
1,430
225
-667
-2,470
55
-621
892
-216
-83
-293
-1,232
1,072
-133
-305
-1,890
1,360
225
-737
-2,470
1,808
-75
535
-940
1,807
-332
55
-621
1,878
-75
535
-940
1,807
-332
-275
-1,548
5,596
-65
-344
-1,548
1,286
-83
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns
U.S. claims reported by U.S. banks, not included elsewhere
-53,253
-34,791
-47,961
-735
-15,376
-8,493
-11,735
-8,803
-8,276
-13,921
-3,504
-13,787
-26,862
-7,108
-17,405
-13,228
-9,620
-26,889
-27,898
-12,461
-20,180
303
-14,338
-8,493
-9,866
-6,934
-8,276
-12,445
-2,028
-13,787
-31,243
-11,489
-17,405
-11,910
-8,302
-26,889
-26,203
-10,766
-20,180
4,551
24,948
5,339
17,795
1,294
4,050
-3,214
6,584
1,132
-3,481
-4,774
28,055
n.a.
4,743
5,339
17,795
1,294
4,050
-3,214
6,584
1,132
-3,481
-4,774
28,055
n.a.
4,743
Foreign assets in the United States, net (increase/capital inflow
(+))
1,398
-996
1,356
892
-216
129,579
19,245
45,117
27,186
38,031
25,218
39,286
19,834
44,450
26,450
38,845
25,718
38,292
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
Other U.S. Government liabilities11
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
40,684
22,403
18,454
3,949
2,542
16,427
-688
21,124
15,380
14,916
464
58
5,573
113
21,008
5,931
-6,505
464
58
11,240
1,699
678
5,573
113
7,466
-75
-7,378
589
-323
912
864
-7,831
-1,000
5,931
-6,505
-7,379
874
11,219
274
17,839
7,124
6,042
1,082
191
9,425
1,099
21,008
-7,379
874
943
10,929
1,749
1,039
710
-395
8,171
1,404
21,124
15,380
14,916
7,466
-75
-7,378
589
-323
912
864
-7,831
-1,000
11,219
274
10,929
1,749
1,039
710
-395
8,171
1,404
17,839
7,124
6,042
1,082
191
9,425
1,098
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S.
nonbanking concerns
U.S. liabilities reported by U.S. banks, not included elsewhere ..
88,895
2,378
36,893
30,274
-1,879
-4,702
623
4,613
24,109
3,037
10,168
10,453
34,565
1,765
4,870
2,730
32,100
2,278
21,232
12,478
14,289
8,101
13,599
9,394
21,448
9,321
-411
15,000
-1,290
-4,113
623
4,613
23,442
2,370
10,168
10,453
33,828
1,028
4,870
2,730
32,914
3,092
21,232
12,478
14,789
8,601
13,599
9,394
20,453
8,326
-411
15,000
741
18,609
926
-3,339
979
-528
1,553
23,647
-2,717
-1,171
2,057
-18,862
n.a.
-2,462
926
-3,339
979
-528
1,553
23,647
-2,717
-1,171
2.057
-18,862
n.a.
-2,462
-12,218
-16,998
-18,155
8,877
14,058
3,134
13,254
-12,120
4,878
-17,502
653
2,123
-6,754
15,280
1,222
8,948
5,814
14,070
816
-96,136
56,411
-39,727
6,222
-13,598
15,197
1,599
5,655
-20,807
11,647
-9,161
422
-32,550
15,567
-16,983
166
-29,183
14,001
-15,182
-20
-24,171
15,773
-8,398
1,193
-30,480
12,704
-17,776
-847
-17,763
14,048
-24,801
13,651
-11,150
-25,962
13,429
-12,533
-806
-29,309
-34,388
907
-27,612
15,281
-12,331
1,703
14,624
-14,685
-37
14,795
-19,593
-275
-33,505
-32,895
-66,400
7,253
-7,364
-111
-8,738
-7,588
-16,327
-16,818
-7,043
-23,861
-15,202
-10,900
-26,102
-7,205
-7,471
-14,676
-18,623
-6,795
-25,418
704
-7,389
-6,685
-10,243
-8,010
-18,253
-10,628
-7,147
-17,775
-13,339
-10,348
-23,687
-14,722
-7,586
-22,308
-19,868
-7,066
-26,934
12,939
11,240
1,699
678
12,939
943
Allocations of special drawing rights
63
63a
Statistical discrepancy (sum of above items with sign reversed) .
Of which seasonal adjustment discrepancy
Memoranda:
Balance on merchandise trade (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 64 and 65)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 66
and67)lf
Unilateral transfers, net (line 29)
Balance on current account (lines 1 ,15, and 29 or lines 68 and 69) 1:
See footnotes on page 113.
-3,715
4,419
102 • September 1993
SURVEY OF CURRENT BUSINESS
Table 2.—U.S. Merchandise Trade
[Millions of dollars]
Not seasonally adjusted
1992
1992
Seasonally adjusted
1992
1993
1993
Balance of payments adjustments to Census trade data:
EXPORTS
Merchandise exports, Census basis' including reexports and including
military grant shipments
448,164
111,230
112,984
107,628
116,322
113,821
117,750
110,348
110,429
111,495
115,892
113,327
115,058
1,010
323
276
202
209
207
189
323
276
202
209
207
189
398
12
75
86
225
12
75
-7,767
-1,667
-1,954
-382
-2,132
-342
-1,779
-511
-1,902
-432
-1,720
-285
-1,783
-338
-1,954
-382
-2,132
-342
-1,779
-511
-1,902
-432
-1,720
-285
-1,783
-338
440,138
109,230
110,864
105,626
114,418
112,023
115,818
108,347
108,306
109,493
113,992
111,530
113,125
532,665
122,404
130,882
137,431
141,948
134,725
144,471
125,691
132,322
136,358
138,294
139,370
145,686
85
1,887
2,809
22
21
369
714
20
307
22
1,211
706
22
1,003
705
21
1,358
690
22
.........
"761
21
369
714
20
307
688
22
1,211
706
22
1,003
705
21
1,358
690
-1,058
-112
-280
-24
-267
-52
-248
-20
-263
-16
-222
-39
-217
-25
-280
-24
-267
-52
-248
-20
-263
-16
-222
-39
-217
-25
536,276
122,828
131,671
138,176
143,601
136,194
146,298
126,110
133,107
137,105
139,954
140,839
147,513
440,138
109,230
110,864
105,626
114,418
112,023
115,818
108,347
108,306
109,493
113,992
111,530
113,125
114,454
100,623
9,955
14,589
20,349
8,595
13,429
22,398
11,308
13,831
31,138
27,527
2,488
4,151
5,523
2,373
3,862
5,940
3,190
3,611
28,387
24,936
2,474
3,643
4,979
2,284
3,108
5,611
2,837
3,451
26,193
23,063
2,466
3,295
4,717
2,084
2,870
4,933
2,698
3,130
28,736
25,097
2,527
3,500
5,130
1,854
3,589
5,914
2,583
3,639
29,589
26,0982,330
3,933
5,074
1,709
3,534
6,947
2,571
3,491
27,466
22,695
2,105
3,323
4,523
1,771
3,107
5,575
2,291
4,771
30,965
27,376
2,477
4,136
5,499
2,359
3,829
5,920
3,156
3,589
27,702
24,336
2,409
3,551
4,852
2,231
3,049
5,466
2,778
3,366
27,101
23,860
2,544
3,400
4,874
2,155
2,986
5,093
2,808
3,241
28,686
25,051
2,525
3,502
5,124
1,850
3,565
5,919
2,566
3,635
29,484
26,002
2,324
3,928
5,062
1,699
3,504
6,944
2,541
3,482
26,756
22,108
2,049
3,235
4,401
1,724
3,035
5,426
2,238
4,648
91,146
46,874
22,371
12,200
24,107
11,202
21,852
11,753
22,816
11,719
23,933
11,757
26,604
11,879
22,253
12,029
23,526
10,995
22,568
12,253
22,799
11,597
23,888
11,653
25,951
11,681
1,971
Adjustments:
Private gift parcel remittances
Gold exports, nonmonetary
Inland U.S. freight to Canada 2
U.S.-Canadian reconciliation adjustments, n.e.c., net 3
Merchandise exports transferred under U.S. military agency sales
contracts identified in Census documents 4
Other adjustments, net 5
Equals: Merchandise exports, adjusted to balance of payments t
excluding "military" (table 1, line 2)
225
IMPORTS
Merchandise imports, Census basis' (general imports)
Adjustments:
Electric energy
Gold imports, nonmonetary
Inland freight in Canada 2
U.S.-Canadian reconciliation adjustment, n.e.c, net 3
Merchandise imports of U.S. military agencies identified in Census
documents4
Other adjustments, n e t 6 7
Equals: Merchandise imports, adjusted to balance of payments basis,
excluding "military" (table 1, line 16)
Merchandise trade, by area and country, adjusted to balance of
payments basis, excluding military:8
EXPORTS
Total, all countries (A-8) .
Western Europe
European Communities
Belgium and Luxembourg
France
Germany9
Italy
Netherlands
United Kingdom
Other
„
Western Europe, excluding EC
Canada 3
japan
Australia, New Zealand, and South Africa11
Australia
8,697
1,812
2,205
2,156
2,524
1,930
2,025
1,805
2,145
2,221
2,526
1,930
5,630
1,281
1,242
1,391
1,716
1,154
1,775
1,229
1,241
1,479
1,681
1,134
1,765
Latin America and Other Western Hemisphere .
Brazil
Mexico ...1
Venezuela
Other
75,379
5,742
40,494
5,316
23,827
17,712
1,366
9,762
1,220
5,364
19,148
1,400
10,368
1,401
5,979
18,843
1,281
10,185
1,435
5,942
19,676
1,695
10,179
1,260
6,542
18,776
1,321
10,238
1,200
6,017
19,995
1,477
10,755
1,166
6,597
17,571
1,365
9,676
1,211
5,319
18,696
1,363
10,129
1,366
5,838
19,501
1,318
10,540
1,485
6,158
19,611
1,696
10,149
1,254
6,512
18,703
1,320
10,197
1,193
5,993
19,536
1,437
10,512
1,138
6,449
Other countries in Asia and Africa 8 1 0 .
Asia810
Members of OPEC
China
Hong Kong
Korea, Republic of
Singapore
Taiwan
Africa 8 1 0
Members of OPEC
88,229
12,596
7,399
9,021
13,840
9,511
14,509
9,144
1,812
22,716
20,625
3,330
24,485
22,048
3,274
1,888
2,215
3,460
23,437
21,020
2,747
27,231
24,536
3,245
2,245
2,615
3,355
2,626
4,368
2,606
531
24,884
22,622
3,010
1,924
2,331
3,271
2,704
3,550
2,187
477
26,074
23,826
2,916
2,071
2,661
3,535
2,741
4,087
2,122
457
22,495
20,444
23,913
21,522
3,187
24,369
21,812
2,855
1,705
2,322
3,298
2,331
3,369
2,426
362
27,092
24,451
3,242
2,252
2,606
3,328
2,632
4,345
2,556
524
24,738
22,518
2,998
25,465
23,245
2,840
1,919
2,323
3,245
2,706
3,529
2,019
66,692
5,263
42,037
67,744
4,898
Eastern Europe
International organizations and unallocated .
Memoranda:
Industrial countries8
Members of OPEC 8 .
Other countries8
See footnotes on page 113.
1,612
1,948
3,871
2,059
3,179
2,008
404
2,562
3,726
2,236
532
3,154
2,264
3,236
2,294
345
399
1,847
2,163
3,386
2,494
3,646
2,193
527
1
89
264,900
20,719
154,430
1,654
2,243
3,312
1,595
1,930
3,828
2,054
3,149
1,969
68,297
5,164
35,769
66,656
5,471
63,054
4,805
37,766
2,146
468
2,599
3,459
2,665
3,993
2,094
454
1
66,893
5,279
42,246
68,005
4,928
39,090
68,745
4,837
42,236
67,819
5,130
35,398
65,103
5,337
37,778
65,286
4,989
39,217
67,113
4,724
41,288
September 1993 •
SURVEY OF CURRENT BUSINESS
10$
Table 2—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
1992
1992
1993
1992
1993
Merchandise trade, by area and country, adjusted to balance of
payments basis, excluding military8—Continued:
IMPORTS
536,276
122,828
131,671
138,176
143,601
136,194
146,298
126,110
133,107
137,105
139,954
140,839
147,513
Western Europe
European Communities
Belgium and Luxembourg
France
Germany9
Italy
Netherlands
United Kingdom
Other
Western Europe, excluding EC .
111,287
93,895
4,695
14,630
28,725
12,208
5,742
19,934
7,961
17,392
24,934
21,063
1,017
3,337
6,385
2,792
1,167
4,530
1,835
3,871
27,507
23,217
1,139
3,757
7,106
3,029
1,315
4,913
1,958
4,290
27,958
23,892
1,205
3,629
7,085
3,257
1,589
5,150
1,977
4,066
30,888
25,723
1,334
3,907
8,149
3,130
1,671
5,341
2,191
5,165
27,392
23,325
1,842
3,468
6,723
2,941
1,547
4,872
1,932
4,067
29,978
25,467
2,431
3,830
7,089
3,130
1,382
5,574
2,031
4,511
25,646
21,666
1,046
3,433
6,574
2,871
1,200
4,655
1,887
3,980
27,820
23,486
1,153
3,800
7,192
3,063
1,330
4,967
1,981
4,334
27,741
23,708
1,197
3,600
7,033
3,230
1,578
5,109
1,961
4,033
30,080
25,035
1,299
3,797
7,926
3,044
1,634
5,203
2,132
5,045
28,346
24,134
1,888
3,595
6,969
3,047
1,593
5,041
2,001
4,212
30,227
25,678
2,443
3,864
7,152
3,157
1,394
5,619
2,049
4,549
Canada3
Japan
Australia, New Zealand, and South Africa1(
Australia
100,871
97,387
23,961
23,460
26,215
22,669
24,313
24,584
26,382
26,674
27,097
25,338
29,709
25,598
24,584
24,132
22,932
24,119
24,384
25,682
25,939
28,028
26,267
29,959
25,825
3,673
939
960
893
793
762
964
856
822
769
1,977
481
421
555
520
594
883
495
426
551
505
616
69,179
7,609
35,609
8,181
17,780
15,958
1,893
8,152
1,720
4,193
17,417
1,954
9,159
1,831
4,473
17,708
1,829
8,951
2,243
4,685
18,096
1,933
9,347
2,387
4,429
17,572
1,554
9,382
2,012
4,624
19,083
1,856
10,278
2,194
4,755
16,331
1,949
8,379
1,735
4,268
17,588
1,960
9,195
1,842
4,591
17,571
1,817
8,900
2,233
4,621
17,689
1,883
9,135
2,371
4,300
18,120
1,610
9,694
2,043
4,773
19,230
1,872
10,362
2,203
4,793
151,902
136,925
16,204
25,727
9,793
16,646
11,310
24,593
14,800
7,989
33,095
30,255
3,713
5,048
2,066
3,852
2,523
5,717
2,805
1,328
36,482
32,249
3,905
5,711
2,235
4,077
2,717
6,019
4,199
2,423
42,165
38,098
4,251
7,877
2,777
4,535
2,950
6,572
4,019
2,139
40,160
36,323
4,335
7,091
2,715
4,182
3,120
6,285
3,777
2,099
37,408
33,575
4,099
6,137
2,032
3,920
2,790
5,744
3,788
2,108
40,285
35,936
4,066
7,354
2,201
4,310
3,066
6,149
4,313
2,523
33,958
31,153
3,761
5,217
2,135
3,972
2,604
5,895
2,843
1,337
32,403
3,927
5,746
2,247
4,092
2,729
6,042
4,220
2,436
41,855
37,890
4,228
7,841
2,763
4,507
2,935
6,532
3,997
2,128
39,203
35,479
4,288
6,923
2,648
4,075
3,042
6,124
3,740
2,088
38,640
34,735
4,183
6,360
2,107
4,063
2,892
5,955
3,859
2,136
40,612
36,240
4,088
7,419
2,221
4,348
3,093
6,204
4,334
2,533
316,164
33,716
186,396
73,961
7,060
41,807
78,225
8,493
44,953
78,490
9,021
50,665
85,488
9,142
48,971
81,351
8,525
46,318
86,914
9,102
50,282
76,012
7,139
42,959
79,084
8,542
45,481
77,865
8,974
50,266
83,203
9,061
47,690
84,221
8,677
47,941
87,655
9,146
50,712
-96,138
-13,598
-20,807
-32,550
-29,183
-24,171
-30,480
-17,763
-24,801
-27,612
-25,962
-29,309
-34,388
3,167
6,728
5,260
-41
1,719
1,335
-114
-2,127
-745
1,793
698
879
-839
-1,765
-829
-2,152
-626
1,193
-407
-3,019
-1,276
1,918
573
2,197
2,773
-2,512
-2,772
-326
-507
-2,566
-1,359
1,725
1
260
260
5,319
5,710
1,431
703
-1,075
-512
2,629
1,265
1,269
-391
-118
850
1,256
-249
-2,340
-832
1,719
499
797
-968
-640
152
1,347
-200
-2,159
-1,075
1,408
-16
847
-792
-1,394
16
1,226
-295
-2,802
-1,194
1,931
716
434
-1,410
1,138
1,868
436
333
-1,907
-1,348
1,911
1,903
540
-730
-3,471
-3,570
7,687
2,464
3,347
-3,561
6,204
6,464
1,471
814
-862
-419
2,695
1,410
1,355
-260
-9,726
-50,513
-1,590
-11,260
5,024
3,653
Total, all countries (A-16) .
Eastern Europe
Latin America and Other Western Hemisphere .
Brazil
Mexico
Venezuela
Other
Other countries in Asia and Africa 8 1
Asia810
Members of OPEC
China
Hong Kong
Korea, Republic of
Singapore
Taiwan
Africa 8 1 0
Members of OPEC
International organizations and unallocated .
Memoranda:
Industrial countries8
Members of OPEC 8
Other countries8
BALANCE (EXCESS OF EXPORTS +)
Total, all countries .
Western Europe
European Communities
Belgium and Luxembourg
France
Germany9
Italy
Netherlands
United Kingdom
Other
Western Europe, excluding EC .
Canada3
Japan
Australia, New Zealand, and South Africa 10 .
Australia
Eastern Europe
Latin America and Other Western Hemisphere .
Brazil
Mexico
Venezuela
Other
Other countries in Asia and Africa 81(
Asia810
Members of OPEC
China
Hong Kong
Korea, Republic of
Singapore
Taiwan
Africa 8 1 0
Members of OPEC
International organizations and unallocated .
Memoranda:
Industrial countries8 .
Members of OPEC 8 .
Other countries8
See footnotes on page 113.
-8,376
-3,613
1,261
-334
-2,368
488
465
-1,649
-394
-629
-2,751
-1,433
1,641
-193
189
-936
392
-1,526
-1,232
1,987
2,075
639
-576
-2,108
-11,467
-2,461
-12,831
-3,566
-14,955
-3,164
-13,581
-3,105
-13,719
-2,331
-12,103
-2,960
-11,937
-1,551
-12,131
-2,883
-14,342
-4,140
-14,614
-4,008
-14,144
873
1,245
1,263
1,263
841
1,176
1,337
1,670
1,108
1,202
800
821
734
815
928
1,176
518
6,200
-1,867
4,885
-2,865
6,047
1,754
-527
1,610
-500
1,171
1,731
-554
1,209
-430
1,506
-54,033
-48,696
-3,608
-18,328
-772
-2,806
-1,799
-10,084
-5,656
-6,177
-10,379
-9,630
-383
-3,436
-118
19
-11,997
-10,201
-631
-3,823
-20
-464
-2,538
-797
-924
-617
-155
-2,293
-1,963
-1,891
1,281
-217
721
-5,664
-1,896
-6,038
-11,569
-3,022
-6,304
99
1,643
1,137
1,196
560
1,135
-548
1,234
-808
1,257
1,580
-238
832
-1,127
2,113
1,204
-233
856
-812
1,393
912
-379
477
-1,028
1,842
1,240
-584
1,297
-524
1,051
1,108
-597
934
-476
1,247
1,930
-499
1,640
-748
1,537
1,922
-187
1,014
-1,117
2,212
583
-290
503
-850
1,220
306
^35
150
-1,065
1,656
-18,728
-17,078
-1,504
-6,223
-534
-1,381
-686
-3,336
-1,725
-1,794
-12,929
-11,787
-1,090
-4,846
-12,524
-10,953
-1,089
-4,213
-100
-827
-494
-1,917
-1,171
-1,568
-649
-86
-2,194
-1,601
-1,631
-14,211
-12,110
-1,150
-5,283
460
-775
-325
-2,062
-2,191
-2,066
-11,463
-10,709
-449
-3,622
-205
-144
-550
-2,746
-874
-938
-12,973
-10,881
-740
-3,899
-84
-706
-235
-17,486
-16,078
-1,373
-6,136
-441
-1,209
-604
-3,163
-1,571
-1,766
-12,111
-11,028
-1,046
-4,671
-42
-747
-410
-1,779
-1,184
-1,564
-13,902
-12,217
-1,185
-4,441
216
-818
-186
-2,426
-1,713
-15,147
-12,995
-1,248
-5,400
378
-889
-428
-2,211
-2,240
-1,668
-2,079
-16,511
-3,798
-5,653
-16,477
-3,779
-9,053
-20,542
-4,422
-9,424
299
-2,396
-2,027
-1,909
1
89
-51,264
-12,997
-31,966
-1,173
-15,436
-4,216
-12,899
1
-18,595
-3,863
-6,725
-13,346
-3,597
-7,228
-18,169
-4,265
-8,046
-8,193
-2,009
-7,561
-13,981
-3,205
-7,703
-12,579
-3,985
-11,049
104 • September 1993
SURVEY OF CURRENT BUSINESS
Table 2.—U.S. Merchandise Trade-Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1992
1992
1992
1993
1993
Merchandise trade, by principal end-use category, adjusted to balance
of payments basis, excluding military:
Merchandise exports, balance of payments basis, excluding military
(A-8)
Agricultural products
Nonagricultural products
Foods, feeds, and beverages
Agricultural
Grains and preparations
Wheat
Corn
Soybeans
Meat products and poultry
Vegetables, fruits, nuts, and preparations
Other agricultural foods, feeds, and beverages
Nonagricultural (fish, distilled beverages, etc.)
440,138
109,230
110,864
105,626
114,418
112,023
115,818
108,347
108,306
109,493
113,992
111,530
113,125
44,033
396,105
11,569
97,661
10,358
100,506
9,926
95,700
12,180
102,238
11,522
100,501
10,404
105,414
10,837
97,510
10,653
97,653
11,163
98,330
11,380
102,612
10,846
100,684
10,787
102,338
40,275
10,374
9,273
9,766
10,862
10,608
9,519
10,021
9,562
10,219
10,473
10,212
9,888
35,869
14,872
4,647
5,138
4,452
4,477
6,405
5,663
9,122
3,801
1,258
1,151
1,381
1,066
1,602
1,272
8,335
3,534
967
1,283
705
1,080
1,639
1,377
8,348
3,490
1,117
1,283
825
1,143
1,446
1,444
10,064
4,047
1,305
1,421
1,541
1,188
1,718
1,570
9,537
3,898
1,332
1,165
1,651
990
1,521
1,477
8,623
3,501
1,227
1,113
779
1,181
1,723
1,439
8,732
3,680
1,258
1,151
990
1,110
1,649
1,303
8,563
3,563
967
1,283
928
1,095
1,591
1,386
9,163
3,627
1,117
1,283
1,339
1,150
1,613
1,434
9,411
4,002
1,305
1,421
1,195
1,122
1,552
1,540
9,081
3,780
1,332
1,167
1,204
1,026
1,560
1,511
8,950
3,535
1,227
1,113
1,079
1,201
1,687
1,448
4,406
3,610
1,252
1,043
938
756
1,418
1,205
798
606
1,071
671
1,289
1,080
999
817
1,056
843
1,062
870
1,131
926
938
713
109,757
27,222
27,956
26,843
27,736
27,447
28,344
26,951
27,261
27,512
28,033
27,348
27,646
7,941
2,014
1,641
1,366
2,920
2,380
798
430
372
780
1,960
556
473
337
594
1,536
274
278
347
637
2,065
386
460
310
909
1,915
487
352
330
746
1,710
395
405
332
578
2,051
567
395
342
747
2,039
569
425
339
706
1,941
472
444
359
666
1,910
406
377
326
801
1,708
339
347
303
719
1,782
396
366
335
685
101,816
13,682
13,579
4,924
6,939
24,842
3,311
3,271
1,224
1,602
25,996
3,499
3,479
1,292
1,713
25,307
3,466
3,443
1,244
1,760
25,671
3,406
3,386
1,164
1,864
25,532
3,079
3,052
926
26,634
1,644
3,174
3,139
971
1,786
24,900
3,446
3,407
1,360
1,602
25,222
3,457
3,437
1,249
1,713
25,571
3,396
3,373
1,174
1,760
26,123
3,383
3,362
1,141
1,864
25,640
3,186
3,159
1,033
1,644
25,864
3,154
3,120
952
1,786
9,338
6,753
2,304
1,683
7,639
1,922
2,529
2,364
1,743
8,188
2,056
2,619
2,394
1,656
7,493
2,074
2,576
2,276
1,671
7,324
2,046
2,545
2,223
1,744
7,703
2,149
2,615
2,149
1,830
7,879
2,434
2,734
2,289
1,680
7,481
1,957
2,531
2,293
1,669
7,889
1,966
2,542
2,394
1,706
7,691
2,121
2,592
2,362
1,698
7,583
2,054
2,604
2,215
1,740
7,605
2,184
2,619
2,089
1,753
7,579
2,332
2,654
6,403
410
978
3,463
1,809
213
1,441
1,552
6,019
340
1,013
3,062
1.592
229
1,241
1,604
6,434
464
1,006
3,221
5,516
408
1,031
5,406
348
1,036
6,439
6,091
2,571
2,399
880
1,013
3,061
1,592
213
229
1,743
949
248
1,374
1.506
418
978
3,463
1,809
6,303
396
1,885
225
1,111
5,671
451
976
2,614
902
231
1,481
1,630
1,441
1,580
1,240
1,627
1,006
3,221
1,885
225
1,111
1,680
Fish and shellfish
Industrial supplies and materials
Agricultural
Raw cotton
Tobacco, unmanufactured
Hides and skins, including furskins
Other agricultural industrial supplies
Nonagricultural
Energy products
Fuels and lubricants11
Coal and related fuels
Petroleum and products
Paper and paper base stocks
Textile supplies and related materials
Chemicals, excluding medicinals
Building materials, except metals
Other nonmetals
30,644
8,098
10,269
Metals and nonmetallic products
Steelmaking materials
Iron and steel products
Nonferrous metals
Nonmonetary gold
Other precious metals
Other nonferrous metals
Other metals and nonmetallic products
23,032
1,625
4,021
11,047
4,540
902
5,605
6,339
5,454
359
5,527
411
1,031
2,571
949
248
1,374
1,493
1,036
2,399
880
210
1,309
1,681
5,648
445
976
2,614
902
231
1,481
1,613
176,864
44,428
44,295
42,333
45,808
44,575
46,416
44,298
43,744
43,319
45,503
44,456
45,815
137,395
14,230
123,165
10,056
8,298
3,488
6,274
26,236
33,376
3,587
29,789
2,404
1,961
839
1,557
6,455
34,411
3,491
30,920
2,639
2,150
855
1,593
6,738
33,707
3,488
30,219
2,586
1,969
908
1,527
6,454
35,901
3,664
32,237
2,427
2,218
886
1,597
6,589
35,909
3,737
32,172
2,473
2,385
856
1,670
6,813
36,916
3.910
33,006
2,479
2,322
920
1,771
7,347
33,221
3,588
29,633
2,405
1,961
845
1,562
6,490
33,869
3.420
30,449
2,567
2,150
828
1,563
6,472
34,586
3,565
31,021
2,618
1,969
932
1,571
6,627
35,719
3,657
32,062
2,466
2,218
883
1,578
6,647
35,764
3,727
32,037
2,477
2,385
862
1,671
6,839
36,324
3,836
32,488
2,408
2,322
894
1,740
7,063
28,762
15.987
11,684
2,580
9,800
7,038
3,764
2,675
616
2,480
7,108
3,842
2,861
681
2,453
6,826
4,082
2,885
619
2,363
7,790
4,299
3,263
664
2,504
7,325
4,457
2,980
596
2,617
6,966
4,625
3,342
587
2,647
6,884
3,790
2,675
618
2,403
7,169
3,743
2,861
673
2,423
7,205
4,099
2,885
637
2,478
7,504
4,355
3,263
652
2,496
7,204
4,493
2,980
598
2,528
7,012
4,512
3,342
579
2,616
37,724
24,451
1,745
10,670
7,386
382
9,432
6,092
452
8,236
9,386
6,070
521
8,246
5,105
420
9,095
5,906
405
10,695
7,386
382
9,423
6,092
452
8,343
4,903
9,263
6,070
390
390
521
8,272
5,105
420
9,086
5,906
405
Capital goods, except automotive
Machinery, except consumer-type
Electric generating machinery, electric apparatus, and parts
Nonelectric, including parts and attachments
Oil drilling, mining, and construction machinery
Industrial engines, pumps, and compressors
Machine tools and metalworking machinery
Measuring, testing, and control instruments
Other industrial, agricultural, and service industry machinery
Computers, peripherals, and parts
Semiconductors
Telecommunications equipment
Other office and business machines
Scientific, hospital, and medical equipment and parts
Civilian aircraft, engines, parts
Civilian aircraft, complete, all types
Other transportation equipment
4,903
210
1,309
1,623
390
47,079
10,943
12,764
10,552
12,820
12,766
14,179
10,780
11,610
11,954
12,735
12,808
12,851
To Canada
Passenger cars, new and used
Trucks, buses, and special purpose vehicles
Engines and engine parts
Other parts and accessories
23,849
6,087
2,600
3,386
11,776
5,576
1,274
575
6,766
1,825
762
941
3,238
5,250
1,288
576
755
6,257
1,700
687
5,956
6,061
1,593
6,397
2,942
6,598
1,535
677
1,021
3,365
6,783
1,668
664
2,779
669
832
2,967
698
930
2,980
7,736
2,016
806
1,107
3,807
5,435
1,286
583
787
2,631
6,624
1,451
652
1,025
3,496
To other areas
Passenger cars, new and used
Trucks, buses, and special purpose vehicles
Engines and engine parts
Other parts and accessories
23,230
8,179
2,951
2,460
9,640
5,367
1,967
579
571
2,250
5,998
1,989
885
659
2,465
5,302
1,618
672
6,563
2,605
6,443
2,234
739
741
2,729
2,314
5,654
1,815
886
621
2,332
2,218
676
615
2,384
2,610
6,210
2,079
631
690
2,810
6,068
2,051
617
2,395
6,142
2,161
626
661
2,694
5,345
1,864
815
613
2,530
50,381
12,102
12,602
12,439
13,238
12,854
13,405
12,073
12,248
12,741
13,319
12,870
13,062
24,564
6,249
23,962
9,512
1,855
5,677
1,546
5,941
2,364
484
6,016
1,622
6,139
2,440
447
6,295
1,566
5,695
2,258
449
6,576
1,515
6,187
2,450
475
6,176
1,635
6,157
2,452
521
6,355
1,666
6,502
2,574
548
5,719
1,522
5,881
2,305
473
5,889
1,561
5,925
2,336
434
6,320
1,599
5,956
2,382
465
6,636
1,567
6,200
2,489
483
6,248
1,600
6,113
2,402
509
6,216
1,608
6,311
2,461
535
15,782
4,161
3.974
3,693
3,954
3,773
3,955
4,224
3,881
3,748
3,929
3,836
3,863
Automotive vehicles, engines, and parts
Consumer goods (nonfood), except automotive
Consumer nondurable goods, manufactured
Medical, dental, and pharmaceutical preparations, including vitamins
Consumer durable goods, manufactured
Household and kitchen appliances and other household goods
Unmanufactured consumer goods (gem stones, nursery stock)
Exports, n.e.c
See footnotes on page 113.
800
2,927
890
576
591
1,527
650
837
1,681
6,338
2,282
813
633
979
3,452
739
698
2,580
September 1993
SURVEY OF CURRENT BUSINESS
•
Table 2.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Not seasonally adjusted
1992
1992
Seasonally adjusted
1992
1993
1993
Merchandise trade, by principal end-use category, adjusted to balance
of payments basis, excluding military—Continued:
Merchandise imports, balance of payments basis, excluding military
(A-16)
,
536,276
122,828
131,671
138,176
143,601
136,194
146,298
126,110
133,107
137,105
139,954
140,839
147,513
Petroleum and products7
Nonpetroleum products
51,589
484,687
10,413
112,415
13,022
118,649
14,372
123,804
13,782
129,819
12,595
123,599
14,256
132,042
10,473
115,637
13,105
120,002
14,298
122,807
13,713
126,241
12,761
128,078
14,312
133.201
Foods, feeds, and beverages
27,857
6,721
7,246
6,752
7,138
6,780
6,931
6,755
7,187
7,024
6,891
6,850
6,878
19,986
2,669
1,563
4,000
5,628
1,983
5,708
7,871
5,670
1,827
5,038
833
522
4,662
621
327
901
1,109
534
5,104
701
413
1,072
1,698
370
4,911
833
522
998
1,465
1,396
2,006
1,497
5,046
524
336
1,046
1,383
523
1,571
5,001
585
308
1,050
1,595
368
1,244
1,683
1,272
318
5,240
691
378
1,055
1,541
558
1,324
454
1,303
1,844
1,380
371
5,155
691
378
1,055
1,429
542
1,439
2,032
1,392
543
4,941
621
327
901
1,415
527
1,477
2,083
1,425
4,971
701
413
1,072
1 412
453
1,333
1,879
1,420
372
4,935
585
308
1,050
1,372
494
1 434
1,943
1,388
447
140,217
31,460
4,304
135,913
56,812
56,138
Paper and paper base stocks
Textile supplies and related materials .
Chemicals, excluding medicinals
Building materials, except metals
Other nonmetals
,
Metals and nonmetallic products
Steelmaking materials
Iron and steel products
Nonferrous metals
Nonmonetary gold
Other precious metals
Bauxite and aluminum
Other nonferrous metals
Other metallic and nonmetallic products .
Agricultural
,
Coffee, cocoa, and sugar
Green coffee
Meat products and poultry
Vegetables, fruits, nuts, and preparations
Wine and related products
Other agricultural foods, feeds, and beverages .
Nonagricultural (fish, distilled beverages, etc)
Fish and shellfish
Whiskey and other alcoholic beverages
Industrial supplies and materials ,
Agricultural
Nonagricultural products ...
Energy products
Fuels and lubricants7
Capital goods, except automotive
Machinery, except consumer-type
Electric generating machinery, electric apparatus and parts
Nonelectric, including parts and attachments
Oil drilling, mining, and construction machinery
Industrial engines, pumps, and compressors
Machine tools and metalworking machinery
Measuring, testing, and control instruments
Other industrial, agricultural, and service industry machinery .
Computers, peripherals, and parts
Semiconductors
Telecommunications equipment
Other office and business machines
Scientific, hospital, and medical equipment and parts .
Transportation equipment, except automotive ,
Civilian aircraft, engines, parts
Civilian aircraft, complete, all types
2,092
1,676
549
1,542
458
1,288
302
510
1,392
1,930
1,415
407
566
4,979
524
336
1,046
1,460
460
1,489
1,912
1,473
347
35,384
36,266
37,107
35,866
39,391
31,629
35,118
36,375
37,095
36,279
39,030
1,130
30,330
11,686
11,537
1,126
34,258
14,199
14,057
1,015
35,251
15,665
15,465
1,033
36,074
15,262
15,079
1,177
34,689
13,994
13,834
38,211
15,542
15,397
1,121
30,508
11,653
11,504
1,121
33,997
14,331
14,189
1,024
35,351
15,753
15,553
1,038
36,057
15,075
14,892
1,169
35,110
14,053
13,892
1,175
37,855
15,664
15,519
8,232
6,872
16,736
8,304
8,487
1,940
1,672
4,202
1,931
1,921
2,017
1,762
4,197
2,126
2,120
2,091
1,738
4,052
2,145
2,192
2,184
1,700
4,285
2,102
2,254
2,124
1,781
4,498
2,450
2,125
2,152
1,995
4,643
2,605
2,323
1,953
1,698
4,087
2,022
1,951
2,024
1,731
4,138
1,990
2,075
2,089
1,729
4,166
2,038
2,205
2,166
1,714
4,345
2,254
2,256
2,139
1,824
4,434
2,577
2,189
2,159
1,953
4,553
2,441
2,266
30,470
1,532
10,915
13,540
3,808
2,065
2,984
4,683
4,483
6,978
304
2,625
7,368
419
2,703
3,100
672
8,287
387
2,803
4,001
1,683
8,819
367
1,074
1,202
1,167
701
1,141
1,096
1,191
1,159
1,082
1,181
1,156
1,683
476
700
1,141
1,108
7,894
445
2,572
3,727
1,334
423
738
1,181
1,146
7,708
386
2,721
3,464
888
607
767
1,202
1,137
8,247
375
2,764
4,000
476
8,951
401
2,833
4,526
2,102
452
7,371
381
2,733
3,101
673
509
7,717
345
2,513
3,727
1,334
423
894
1,076
1,132
7,144
2,975
565
473
7,837
422
2,784
3,464
888
607
1,150
1,157
134,194
30,790
32,777
34,455
36,172
34,721
37,657
31,359
32,940
34,455
35,440
35,655
37,720
120,494
13,619
106,875
3,040
5,232
3,599
3,166
23,158
27,603
3,217
24,386
680
1,234
29,200
31,787
3,618
28,169
28,172
3,268
29,363
3,253
26,110
736
31,081
3,515
27,566
32,721
3,717
24,904
684
1,214
931
744
5,432
1,266
933
789
1,415
1,054
827
5,964
34,473
3,758
30,715
1,084
1,476
1,079
897
6,535
998
778
1,159
1,407
502
767
2,090
1,449
1,263
390
2,697
2,975
564
473
779
509
738
2,769
4,526
2,102
452
894
1,076
31,081
3,488
32,610
3,321
25,879
763
27,593
796
936
741
5,445
1,285
930
766
5,780
1,317
846
802
5,777
29,017
801
1,396
887
857
6,156
5,926
34.410
3,837
30,573
1,118
1,498
1,079
872
6,629
5,712
5,923
31,878
3,583
28,295
825
1,416
885
817
6,091
31,808
15,476
10,649
4,901
5,846
6,759
3,618
2,435
1,174
1,364
7,506
3,801
2,482
1,192
1,374
8,463
3,966
2,845
1,266
1,515
9,080
4,091
2,887
1,269
1,593
8,537
4,387
2,470
1,201
1,436
9,129
4,757
2,690
1,283
1,518
7,060
3,666
2,571
1,185
1,417
7,708
3,723
2,602
1,231
1,410
8,397
3,919
2,772
1,265
1,493
8,643
4,168
2,704
1,220
1,526
8,970
4,493
2,623
1,222
1,503
9,311
4,645
2,813
1,319
1,556
13,700
12,594
3,806
3,187
2,955
734
3,577
3,321
1,116
3,374
3,072
901
3,562
3,246
1,055
2,934
2,637
709
3,247
2,960
1,020
3,187
2,955
734
3,577
3,321
1,116
3,374
3,072
901
3,562
3,246
1,055
2,934
2,637
709
3,247
2,960
1,020
23,122
21,270
25,235
24,769
26,022
22,282
22,792
22,939
23,766
25,117
25,525
7,052
3,214
1,811
364
1,663
8,363
3,799
10,145
4,915
2,452
520
2,258
7,838
3,491
2,171
357
1,819
7,895
3,571
2,072
7,889
3,736
2,151
406
2,007
8,945
4,137
2,254
439
2,115
1,855
1,985
398
1,770
8,074
3,605
2,046
412
2,011
9,204
4,282
2,305
455
2,162
9,225
4,354
2,317
458
2,096
3,593
930
1,421
1,048
813
795
1,336
850
816
29,004
933
91,779
22,152
From Canada
Passenger cars, new and used
Trucks, buses, and special purpose vehicles .
Engines and engine parts
Other parts and accessories
31,696
14,403
8,274
1,564
7,455
7,593
3,360
1,782
4,030
2,207
448
2,003
From other areas
Passenger cars, new and used
Trucks, buses, and special purpose vehicles
Engines and engine parts
Other parts and accessories
60,083
32,630
2,378
5,502
19,573
14,559
8,037
596
1,292
4,634
14,434
7,640
545
1,334
4,915
14,218
7,394
553
1,339
4,932
16,872
9,559
684
1,537
5,092
15,824
8,285
659
1,518
5,362
15,877
8,060
655
1,618
5,544
14,444
7,847
609
1,306
4,682
14,897
8,177
581
1,313
4,826
15,050
8,106
557
1,366
5,021
15,692
8,500
631
1,517
5,044
15,913
8,166
680
1,556
5,511
16,300
8,609
697
1,584
5,410
122,974
58,518
29,296
7,294
58,390
21,021
11,352
7,459
6,810
6,066
26,966
13,270
6,617
1,702
12,326
4,645
2,247
1,547
1,399
1,370
28,397
13,451
6,520
1,664
13,499
5,157
2,440
1,669
1,549
1,447
34,802
16,866
8,903
2,110
16,218
5,835
3,205
2,083
1,993
1,718
32,809
14,931
7,256
1,818
16,347
5,384
3,460
2,160
1,869
1,531
29,343
14,227
7,150
1,872
13,239
4,838
2,413
1,576
1,347
1,877
31,148
15,041
7,288
2,034
14,571
5,553
2,591
1,828
1,616
1,536
29,345
13,945
6,941
1,761
14,051
5,024
2,779
1,818
1,677
1,349
30,325
14,337
7,207
1,763
14,471
5,258
2,734
1,858
1,676
1,517
31,681
15,059
7,650
1,892
15,018
5,444
2,843
1,957
1,796
1,604
31,623
15,177
7,498
1,878
14,850
5,295
2,996
1,826
1,661
1,596
32,223
15,138
7,609
1,960
15,225
5,282
3,029
1,884
1,635
1,860
33,212
15,997
8,033
2,157
15,599
5,647
2,892
2,031
1,742
1,616
19,255
11,790
4,739
2,902
4,745
2,804
4,631
2,809
5,140
3,275
4,715
2,894
5,149
3,126
4,740
2,902
4,745
2,804
4,631
2,809
5,139
3,275
4,715
2,894
5,148
3,125
7,465
1,837
1,822
1,865
1,821
2,023
1,838
1,941
1,822
1,821
2,023
Automotive vehicles, engines, and parts .
Consumer goods (nonfood), except automotive
Consumer nondurable goods, manufactured
Textile apparel and household goods, except rugs
Footwear of leather, rubber, and other materials
Consumer durable goods, manufactured
Household and kitchen appliances and other household goods
Toys, shooting, and sporting goods, including bicycles
Television and video receivers
Radio and stereo equipment, including records, tapes, and disks .
Unmanufactured consumer goods (gemstones, nursery stock)
Memoranda:
Imports, n.e.c, and U.S. goods returned
U.S. goods returned
Other products, including balance of payments adjustments not
included above (minimum value shipments and miscellaneous
imports)
See footnotes on f
i 113.
2,105
346
397
106 • September 1993
SURVEY OF CURRENT BUSINESS
Table 3. Selected Service Transactions
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1992
1992
1992
1993
1993
167,826
40,435
40,416
45,352
41,622
41,950
42,583
41,644
41,488
42,351
42,344
43,240
43,769
Travel (table 1, line 5)
Passenger fares (table 1, line 6)
Other transportation (table 1, line 7)
Freight
Port services
Other
53,861
17,353
22,773
7,251
14,410
1,112
12,128
3,989
5,566
1,841
3,443
283
13,446
4,133
5,668
1,820
3,570
278
15,839
5,165
5,788
1,825
3,686
276
12,448
4,066
5,751
1,764
3,712
275
12,384
4,022
5,732
1,861
3,580
291
13,991
4,416
5,825
1,879
3,659
286
13,482
4,378
5,683
1,841
3,559
283
13,513
4,243
5,718
1,820
3,619
278
13,405
4,327
5,696
1,825
3,595
276
13,460
4,405
5,677
1,764
3,638
275
13,868
4,450
14,061
4,548
5,879
1,879
3,714
286
Royalties and license fees (table 1, line 8)
Affiliated
U.S. parents' receipts
U.S. affiliates' receipts
20,238
16,106
15,387
719
4,132
2,597
1,535
4,787
3,798
3,626
172
4,893
5,532
4,454
4,214
240
4,697
3,591
3,424
167
5,002
3,984
3,836
359
1,078
670
408
1,106
686
420
5,160
4,031
3,807
224
1,128
5,008
3,875
3,747
128
1,018
642
377
5,026
3,979
5,252
4,205
3,999
206
1,047
655
392
4,976
3,898
3,709
189
1,078
670
408
53,601
17,619
10,958
6,661
35,982
6,140
5,447
1,069
5,523
4,454
3,306
12,678
7,342
13,965
4,293
2,621
1,672
9,673
2,465
1,324
261
1,325
1,064
12,276
4,142
2,729
1,413
8,135
798
1,331
263
1,363
1,101
13,534
4,388
2,708
1,680
9,146
1,576
1,388
268
1,400
1,132
15,115
4,370
2,487
1,883
10,745
2,629
1,521
292
1,470
827
3,046
1,751
818
3,115
1,810
822
3,230
1,862
13,825
4,798
2,901
1,897
9,028
1,301
1,405
277
1,435
1,158
839
3,288
1,918
107,243
24,314
27,688
28,867
39,872
10,943
23,454
11,720
10,761
974
8,057
2,370
5,722
2,827
2,638
257
10,976
2,821
5,618
2,825
2,551
242
12,153
3,118
6,161
3,034
2,902
225
4,986
3,233
279
2,954
1,753
863
1,316
782
52
730
534
210
324
1,078
797
68
729
281
212
1,478
834
77
757
645
217
428
6,849
7,195
2,507
1,358
1,149
Exports of private services
Unaffiiiated
Industrial processes l
Other 2
Other private services (table 1, line 9)
Affiliated services
U.S. parents' receipts
U.S. affiliates' receipts
Unaffiiiated services
Education
Financial services
Insurance, net
Premiums received
Losses paid
Telecommunications
Business, professional, and technical services
Other unaffiiiated services3
Imports of private services
Travel (table 1, line 19)
Passenger fares (table 1, line 20)
Other transportation (table 1, line 21)
Freight
Port services
Other
Royalties and license fees (table 1, line 22)
Affiliated
U.S. parents' payments
U.S. affiliates' payments
Unaffiiiated
Industrial processes 1
Other 2
Other private services (table 1, line 23)
Affiliated services
U.S. parents' payments
U.S. affiliates' payments
Unaffiiiated services
Education
Financial services
Insurance, net
Premiums paid
.'
Losses recovered
Telecommunications
Business, professional, and technical services ....
Other unaffiiiated services3
Memoranda:
Balance on merchandise trade (table 1, line 64)
Balance on private services (line 1 minus line 28)
Balance on goods and private services (lines 55 and 56)
See footnotes on page 113.
27,988
10,600
5,529
5,071
17,387
796
3,461
1,372
11,875
10,503
6,520
3,594
1,645
-96,138
60,584
-35,554
989
630
2,251
1,185
1,066
4,598
160
841
735
2,898
2,163
1,624
815
423
-13,598
16,121
2,523
4,689
203
863
752
2,945
2,193
1,603
3,800
179
1,047
655
392
4,019
3,843
5,855
• 1,861
3,703
291
3,795
3,626
169
5,292
4,164
3,902
262
1,106
686
420
1,128
698
430
13,826
4,593
2,856
1,737
9,233
1,506
1,405
277
1,435
1,158
839
3,288
1,918
14,166
4,446
2,541
1,905
9,720
1,603
1,521
292
1,470
1,178
867
3,490
1,946
13,989
4,274
2,504
1,770
9,714
1,590
1,475
302
1,495
1,193
889
3,554
1,905
4,901
359
148
1,018
642
377
13,093
4,384
2,677
1,707
8,709
1,501
1,324
261
1,325
1,064
13,012
4,164
2,680
1,484
8,848
1,511
1,331
263
1,363
1,101
3,490
1,946
13,191
4,228
2,551
1,677
8,963
839
1,475
302
1,495
1,193
889
3,554
1,905
827
3,046
1,751
818
3,115
1,810
13,671
4,479
2,746
1,733
9,192
1,622
1,388
268
1,400
1,132
822
3,230
1,862
26,373
25,602
29,631
26,671
26,754
26,152
27,668
28,042
28,726
8,687
2,634
5,953
3,033
2,669
250
8,396
2,404
5,847
3,005
2,600
243
11,366
2,900
6,057
3,139
2,672
246
10,009
2,714
5,809
2,827
2,731
251
9,899
2,674
5,700
2,825
2,636
239
9,825
2,722
5,999
3,034
2,729
236
10,140
2,833
5,945
3,033
2,664
248
10,463
2,765
5,931
3,005
2,689
237
10,260
2,756
6,149
3,139
2,766
244
1,113
820
81
739
293
224
1,071
766
57
709
304
231
74
1,084
770
1,334
800
52
748
534
210
324
1,101
820
68
752
281
212
1,464
819
77
742
645
217
1,088
795
81
714
293
224
1,088
783
57
726
304
231
74
1,107
794
65
729
313
237
76
5,957
7,986
2,830
1,397
3,014
7,884
2,747
1,091
1,656
5,137
164
1,048
682
3,088
2,406
1,755
1,028
460
8,224
2,777
1,323
1,454
5,447
208
1,278
687
3,124
2,437
1,820
1,043
411
6,805
2,204
1,228
976
4,601
194
841
735
2,898
7,380
2,670
1,418
6,142
3,019
1,436
1,583
7,662
2,709
1,448
7,795
2,657
1,131
1,526
5,139
199
1,048
682
3,088
2,406
1,755
1,028
8,454
2,984
1,379
1,605
5,470
206
1,278
687
3,124
2,437
1,820
1,043
435
-24,171
16,348
-7,823
-30,480
-17,763
14,974
-2,789
-29,309
-34,388
15,043
-19,345
1,433
3,127
253
864
-890
2,993
3,882
1,621
878
918
390
361
-20,807
12,730
-8,077
-32,550
16,484
-16,066
1,590
1,424
4,973
180
893
775
3,039
2,264
1,672
982
470
-29,183
15,248
-13,935
1,178
867
698
430
65
705
313
237
76
12,952
-17,528
176
989
630
2,163
1,624
815
392
1,252
4,710
201
863
752
2,945
2,193
1,603
878
413
-24,801
14,734
-10,067
3,123
207
864
-890
2,993
3,882
1,261
4,953
193
893
775
3,039
2,264
1,621
918
403
1,672
-27,612
-25,962
982
437
16,200
14,676
15,198
-11,413
-11,286
-14,111
September 1993 •
SURVEY OF CURRENT BUSINESS
10J
Table 4.—Selected U.S. Government Transactions
[Millions of dollars]
Not seasonally adjusted
U.S. Government grants and transactions increasing Government assets, total.
1993
1992
1992
4,448
8,428
4,514
3,415
3,234
1,624
2,416
-807
2,783
663
2,121
5,883
2,572
3,336
-25
3,242
656
2,586
2,578
750
1,828
1,548
314
1,108
2
125
1,232
298
809
-2
128
1,890
381
1,361
11
137
2,470
426
1,902
17
125
940
223
594
-7
131
621
269
220
2
130
83
-14
133
-14
-225
-14
75
-3
332
-15
216
-20
1
5
3
n
0
n
n
21,893
4,419
14,688
6,084
9,890
-1,286
2,788
1,225
2,017
-453
7,140
1,419
5,179
28
515
65
-44
By category
Grants, net (table 1, line 30, with sign reversed)
Financing military purchases1
Other grants
Cash contributions received from coalition partners for Persian Gulf operations
Credits and other long-term assets (table 1, line 40, with sign reversed)
Capital subscriptions and contributions to international financial institutions, excluding IMF
Credits repayable in U.S. dollars
Credits repayable in other than U.S. dollars
Other long-term assets
Foreign currency holdings and short-term assets, net (table 1, line 42 with sign reversed)
Foreign currency holdings (excluding administrative cash holdings), net
Receipts from:
Sales of agricultural commodities
interest
Repayments of principal
Reverse grants
Other sources 8
Less currencies disbursed for:
Grants and credits in the recipient's currency
Other grants and credits
Other U.S. Government expenditures8
Assets acquired in performance of U.S. Government guarantee and insurance obligations, net .
Other assets held under Commodity Credit Corporation Charter Act, net
Assets financing military sales contracts, net 2
Other short-term assets (including changes in administrative cash holdings), net
1
28
43
3
12
29
2
55
350
30
201
n
n
426
428
5,865
907
226
455
10
14
124
223
861
2,236
59
349
672
41
55
128
269
290
2,222
68
207
214
11
30
165
3,042
981
912
653
85
5,597
2,658
1,009
775
97
3,007
1,123
665
582
65
2,189
639
599
726
28
731
199
227
568
360
213
677
930
249
517
336
361
699
35
375
H
n
n
n
9
90
758
-14
33
922
49
28
1,406
10
14
2,830
5
55
1,507
154
30
1,226
5,596
5,076
373
1,797
2,260
522
124
521
1,286
1,156
110
442
470
132
1
131
1,002
872
33
343
470
23
3
130
1,430
1,301
88
438
468
308
1,878
1,746
141
574
852
60
119
132
1,807
1,667
660
736
199
72
892
755
23
248
386
95
3
137
2,542
2,476
58
18
678
647
864
943
913
-395
-407
191
224
11,722
594
946
3,307
375
2,177
177
30
1,099
143
3,090
117
362
781
50
2,947
214
-208
653
85
3,508
86
761
775
97
1,968
208
-309
582
65
2,432
113
-348
726
28
164
198
H
90
174
(*)
-88
-77
1,419
1,584
15,126
2,422
963
-49
120
164
474
314
389
3,042
618
233
-246
77
90
83
298
323
3,676
511
206
-524
18
33
124
381
444
2,542
387
299
265
14
28
144
15,977
6,365
3,485
3,308
375
3,661
972
829
1,099
143
3,677
1,755
734
781
50
2,932
2,070
968
957
581
279
54
164
5,916
33
154
n
-215
(*)
By program
Capital subscriptions and contributions to international financial institutions, excluding IMF
Under Agricultural Trade Development and Assistance Act and related programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
Under Commodity Credit Corporation Charter Act
Under other grant and credit programs
Other foreign currency assets acquired (lines A13, A14, and A16)
Less foreign currencies used by U.S. Government other than for grants or credits (line A19) ,
Other (including changes in administrative cash holdings), net
By disposition3
Estimated transactions involving no direct dollar outflow from the United States
Expenditures on U.S. merchandise
Expenditures on U.S. services 4
Financing of military sales contracts by U.S. Government5 (line C6)
By long-term credits
By short-term credits 1
By grants l
U.S. Government grants and credits to repay prior U.S. Government credits 14
U.S. Government long- and short-term credits to repay prior U.S. private credits 6 and other assets
Increase in liabilities associated with U.S. Government grants and transactions increasing Government assets (including
changes in retained accounts)7 (line C11)
Less receipts on short-term U.S. Government assets (a) financing military sales contractsJ (b) financing repayment of private
credits and other assets, and (c) financing expenditures on U.S. merchandise
Less foreign currencies used by U.S. Government other than for grants or credits (line A19)
Estimated dollar payments to foreign countries and international financial institutions
,
lepayments on U.S. Government long-term assets, total (table 1, line 41)
Receipts of principal on U.S. Government credits
Under Agricultural Trade Development and Assistance Act and related programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
Under Commodity Credit Corporation Charter Act
Under other credit programs
Receipts on other long-term assets
U.S. Government liabilities other than securities, total, net Increase (+) (table 1, line 53)
Associated with military sales contracts2
U.S. Government cash receipts from foreign governments (including prinipal repayments on credits financing military sales
contracts), net of refunds.1
Less U.S. Government receipts from principal repayments
Less U.S. Treasury securities issued in connection with prepayments for military purchases in the United States
Plus financing of military sales contracts by U.S. Government5 (line A36)
By long-term credits
By short-term credits 1
By grants l
Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) * 2 (table 1,
line 4) .
Associated with U.S. Government grants and transactions increasing Government assets (including changes in retained
accounts)7 (line A42)
Associated with other liabilities
Sales of nuclear material by Department of Energy
Sales of space launch and other services by National Aeronautics and Space Administration
Other sales and miscellaneous operations
(*)
0
129
2,932
957
731
568
677
517
699
11,015
3,053
2,744
2,695
2,523
3,058
3,170
(*)
-35
-6
5
-34
(*)
30
6
24
1
12
14
4
-6
n
66
2
88
-24
0
40
10
s
31
7
n
(*)
-33
-42
10
-2
108 • September 1993
SURVEY OF CURRENT BUSINESS
Table 5.—Direct Investment: Income, Capital, Royalties and License Fees, and Other Private Services
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
1992
(Credits +; debits - )
1992
1993
1992
1993
U.S. direct investment abroad:
Income with current-cost adjustment, before deduction of withholding taxes (table 1, line
12)
Earnings
Distributed earnings
Reinvested earnings
Interest
U.S. parents' receipts
U.S. parents' payments
49,888
48,583
33,294
15,289
1,305
4,153
-2,848
13,484
13,202
8,349
4,853
282
1,033
-751
13,222
12,914
7,463
5,451
308
999
-691
11,500
11,117
6,461
4,656
382
1,080
-698
11,682
11,350
11,021
329
333
1,040
-708
13,205
12,841
5,251
7,590
364
922
-559
13,705
13,345
5,747
7,598
359
929
-570
13,037
12,755
8,940
3,815
282
1,033
-751
13,193
12,885
9,303
3,582
308
999
-691
12,455
12,073
8,892
3,181
382
1,080
-698
11,202
10,869
6,160
4,709
333
1,040
-708
12,763
12,399
6,127
6,272
364
922
-559
13,802
13,443
7,539
5,904
359
929
-570
Less: Current-cost adjustment
Less: Withholding taxes
-2,331
1,510
-728
383
-619
367
-524
315
-460
446
-426
250
-399
216
-728
412
-619
403
-524
391
-460
305
-426
274
-399
241
Equals: Income without current-cost adjustment, after deduction of withholding taxes l ...
Petroleum
,
Manufacturing
Other
50,708
7,941
20,251
22,517
13,829
1,886
6,072
5,872
13,474
1,731
5,901
5,843
11,709
2,097
4,143
5,469
11,696
2,227
4,135
5,334
13,380
2,071
4,953
6,356
13,888
2,018
5,157
6,712
13,353
1,629
5,853
5,872
13,409
2,097
5,470
5,843
12,588
2,291
4,829
5,469
11,357
1,924
4,099
5,334
12,914
1,805
4,753
6,356
13,960
2,507
4,740
6,712
-34,791
-8,007
-19,585
11,579
-15,289
-11,495
-10,653
-842
-15,376
-3,562
-5,475
1,914
-4,853
-6,962
-6,634
-328
-8,803
-1,791
-3,377
1,586
-5,451
-1,561
-4,124
2,563
-3,504
-70
-5,237
5,167
-4,656
1,223
-1,469
2,692
-7,108
-2,584
-5,497
2,913
-329
-4,195
1,574
-5,769
-9,620
-2,239
-3,741
1,502
-7,590
208
-2,246
2,454
-12,461
-4,629
-5,605
976
-7,598
-233
-825
591
-14,338
-3,562
-5,475
1,914
-3,815
-6,962
-6,634
-328
-6,934
-1,791
-3,377
1,586
-3,582
-1,561
-4,124
2,563
-2,028
-70
-5,237
5,167
-3,181
1,223
-1469
2,692
-11,489
-2,584
-5,497
2,913
-4,709
-4,195
1,574
-5,769
-8,302
-2,239
-3,741
1,502
-6,272
208
-2,246
2,454
-10,766
-4,629
-5,605
976
-5,904
-233
-825
591
Capital with current-cost adjustment (table 1, line 44)
Equity capital
Increases in equity capital 2
Decreases in equity capital 3
Reinvested earnings
Intercompany debt
U.S. parents' receivables
U.S. parents' payables
2,331
728
619
524
460
426
728
619
524
460
426
399
-37,122
-8,007
119
-4,184
-3,942
-17,620
1,467
-8,972
-10,115
-11,495
-1,431
-2,627
-7,437
-16,104
-3,562
275
-1,406
-2,430
-5,581
1,175
-3,754
-3,002
-6,962
-919
-8
-6,035
-9,422
-1,791
163
-862
-1,092
-6,070
149
-3,481
-2,739
-1,561
-250
-1,607
296
-4,028
-70
-5
-1,000
935
-5,180
-281
-1,589
-3,311
1,223
-833
396
1,660
-7,568
-2,584
-313
-917
-1,355
-789
424
-149
-1,063
-4,195
572
-1,409
-3,358
-10,046
-2,239
144
-1,317
-1.066
-8,016
-852
-2,836
-4,328
208
-188
-838
1,234
-12,860
-4,629
-403
-2,645
-1,581
-7,997
-519
-3,075
-4,403
-233
-598
143
221
-15,066
-3,562
275
-1,406
-2,430
-4,543
1,024
-2,976
-2,591
-6,962
-919
-8
-6,035
-7,553
-1,791
163
-862
-1,092
-4,201
652
-2,415
-2,438
-1,561
-250
-1,607
296
-2,552
-70
-5
-1,000
935
-3,705
-12
-1,816
-1,877
1,223
-833
396
1,660
-11,949
-2,584
-313
-917
-1,355
-5,169
-196
-1,763
-3,210
-4,195
572
-1,409
-3,358
-8,728
-2,239
144
-1,317
-1,066
-6,698
-724
-2,001
-3,972
208
-188
-838
1,234
-11,165
-4,629
-403
-2,645
-1,581
-6,303
-253
-2,026
-4,024
-233
-598
143
221
Royalties and license fees, before deduction of withholding taxes, net
U.S. parents' receipts (table 1, part of line 8)
U.S. parents' payments (table 1, part of line 22)
15,109
15,387
-279
3,574
3,626
-52
3,678
3,747
3,723
3,800
-77
4,133
4,214
-81
3,367
3,424
-57
3,742
3,807
-65
3,791
3,843
-52
3,767
3,836
-68
3,922
3,999
-77
3,628
3,709
-81
3,569
3,626
-57
3,837
3,902
-65
Other private services, before deduction of withholding taxes, net
U.S. parents' receipts (table 1, part of line 9)
U.S. parents' payments (table 1, part of line 23)
5,429
10,958
-5,529
1,436
2,621
-1,185
1,371
2,729
-1,358
1,311
2,708
-1,397
1,311
2,901
-1,590
1,395
2,487
-1,091
1,228
2,551
-1,323
1,449
2,677
-1,228
1,262
2,680
-1,418
1,310
2,746
-1,436
1,408
2,856
-1,448
1,410
2,541
-1,131
1,126
2,504
-1,379
-1,630
5,663
-6,920
12,583
-7,294
-9,424
2,130
2,005
3,821
-1,807
5,628
-1,817
-2,305
488
-1,720
136
-1,774
1,910
-1,856
-2,363
507
-1,259
606
-1,364
1,970
-1,864
-2,365
501
-655
1,101
-1,974
3,076
-1,757
-2,390
633
-795
962
-2,309
3,270
-1,757
-2,227
470
-3,069
-1,537
-2,177
640
-1,532
-2,816
1,284
1,359
3,175
-1,863
5,038
-1,817
-2,305
488
-1,296
560
-2,016
2,577
-1,856
-2,363
507
-681
1,183
-1,524
2,707
-1,864
-2,365
501
-1,011
746
-1,516
2,262
-1,757
-2,390
633
-1,465
292
-2,478
2,770
-1,757
-2,227
470
-2,641
-1,109
-2,743
1,634
-1,532
-2,816
1,284
1,010
-169
375
-33
294
-37
209
-47
132
-53
72
-90
32
-31
375
-33
294
-37
209
-47
132
-53
72
-90
32
-31
-2,741
-787
-4,277
2,594
1,662
-624
-290
2,577
-1,977
-413
-978
-586
-1,421
230
-1,795
144
-734
20
-1,214
460
-777
-106
-1,135
465
-3,070
-729
-1,639
-703
1,016
-624
-936
2,577
-1,553
-413
-554
-586
-844
230
-1,217
144
-1,091
20
-1,571
460
-1,447
-106
-1,805
465
-2,642
-729
-1,211
-703
2,378
22,467
27,005
-4,538
-12,583
-7,506
-990
-6,516
-4,702
6,346
7,224
-879
-5,628
-5,420
-4,456
-964
3,037
4,568
5,609
-1,041
-1,910
379
1,398
-1,018
1,765
6,052
7,287
-1,235
-1,970
-2,317
2,948
-5,266
2,278
5,502
6,885
-1,383
-3,076
-148
-880
732
8,101
3,740
4,509
-768
-3,270
7,631
6,389
1,242
9,321
3,468
3,966
^98
-640
6,492
5,987
505
-4,113
6,346
7,224
-879
-5,038
-5,420
-4,456
-964
2,370
4,568
5,609
-1,041
-2,577
379
1,398
-1,018
1,028
6,052
7,287
-1,235
-2,707
-2,317
2,948
-5,266
3,092
5,502
6,885
-1,383
-2,262
-148
-880
732
8,601
3,740
4,509
-768
-2,770
7,631
6,389
1,242
8,326
3,468
3,966
-498
-1,634
6,492
5,987
505
Less: Current-cost adjustment (line 8 with sign reversed)
Equals: Capital without current-cost adjustmentl
Equity capital (line 15)
Petroleum
Manufacturing
Other
Reinvested earnings without current-cost adjustment (line 18 less line 22)
Petroleum
Manufacturing
Other
Intercompany debt (line 19)
Petroleum
Manufacturing
Other
Foreign direct investment in the United States:
Income with current-cost adjustment, before deduction of withholding taxes (table 1, line
26)
Earnings
Distributed earnings
Reinvested earnings
Interest
U.S. affiliates' payments
U.S. affiliates'receipts
Less: Current-cost adjustment
Less: Withholding taxes
l
Equals: Income without current-cost adjustment, after deduction of withholding taxes ...
Petroleum
Manufacturing
Other
Capital with current-cost adjustment (table 1, line 57)
Equity capital
Increases in equity capital 2
,
Decreases in equity capital 3
Reinvested earnings
Intercompany debt
U.S. affiliates'payables
U.S. affiliates'receivables
Less: Current-cost adjustment (line 49 with sign reversed)
-1,010
-375
-294
-209
-132
-72
-32
-375
-294
-209
-132
-72
-32
3,387
22,467
553
7,354
14,560
-11,573
6
-1,232
-10,349
-7,506
-2,437
-2,083
-2,986
-4,327
6,346
176
2,080
4,090
-5,253
347
-957
-4,642
-5,420
-1,090
-749
-3,582
3,331
4,568
101
1,904
2,562
-1,616
175
-253
-1,537
379
168
37
174
1,974
6,052
91
1,220
4,741
-1,761
-364
420
-1,817
-2,317
-1,013
1,141
-2,445
2,410
5,502
185
2,149
3,167
-2,944
-151
-441
-2,352
-148
-502
-2,512
2,866
8,173
3,740
78
1,590
2,073
-3,198
-315
-304
-2,580
7,631
548
2,380
4,703
9,353
3,468
183
622
2,662
-608
553
48
-1,208
6,492
140
822
5,530
-3,738
6,346
176
2,080
4,090
-4,663
347
-368
-4,642
-5,420
-1,090
-749
-3,582
2,664
4,568
101
1,904
2,562
-2,283
175
-920
-1,537
379
168
37
174
1,237
6.052
' 91
1,220
4,741
-2,498
-364
-317
-1,817
-2,317
-1,013
1,141
-2,445
3,224
5,502
185
2,149
3,167
-2,130
-151
373
-2,352
-148
-502
-2,512
2,866
8,673
3,740
78
1,590
2,073
-2,698
-315
197
-2,580
7,631
548
2,380
4,703
8,358
3,468
183
622
2,662
-1,602
553
-947
-1,208
6,492
140
822
5,530
Royalties and license fees, before deduction of withholding taxes, net
U.S. affiliates' payments (table 1, part of line 22)
U.S. affiliates' receipts (table 1, part of line 8)
-2,235
-2,954
719
-558
-730
172
-601
-729
128
-578
-757
179
-499
-739
240
-542
-709
167
-481
-705
224
-572
-748
176
-603
-752
148
-536
-742
206
-525
-714
189
-558
-726
-467
-729
262
Other privste services, before deduction of withholding taxes, net
U.S. affiliates' payments (table 1, part of line 23)
U.S. affiliates' receipts (table 1, part of line 9)
1,590
-5,071
6,661
605
-1,066
1,672
264
-1,149
1,413
247
-1,433
1,680
473
-1,424
1,697
227
-1,656
1,883
223
-1,454
1,677
731
-976
1,707
232
-1,252
1,484
150
-1,583
1,733
476
-1,261
1,737
379
-1,526
1.905
165
-1,605
1,770
Equals: Capital without current-cost adjustment1
Equity capital (line 56)
Petroleum
Manufacturing
Other
Reinvested earnings without current-cost adjustment (line 59 less line 63)
Petroleum
Manufacturing
Other
intercompany debt (line 60)
Petroleum
Manufacturing
Other
See footnotes on page 113.
September 1993
SURVEY OF CURRENT BUSINESS
•
109
Table 6. Securities Transactions
[Millions of dollars]
Not seasonally adjusted
Line
(Credits +; debits - )
1992
1992
1993
II
Foreign securities, net U.S. purchases, (table 1, line 45 or lines 2 + 13 below).
Stocks, net U.S. purchases
New issues in the United States ....
Of which Western Europe
Canada
Latin America
Transactions in outstanding stocks, net .
Western Europe
Of which United Kingdom
Canada
Japan
Other
Bonds, net U.S. purchases .
New issues in the United States
By issuer:
Central governments and their agencies and corporations.
Other governments and their agencies and corporations] .
Private corporations
International financial institutions2
By area:
Western Europe
Canada
Japan
Latin America
Other countries
International financial institutions2 ...
Redemptions of U.S.-held foreign bonds 3
western Europe .
Western
Canada
Other countries
International financial institutions2 .
-47,961
-8,493
-8,276
-13,787
-17,405
-26,889
-20,180
-30,628
-7,264
-2,791
-8,706
-11,867
-7,987
-12,570
-8,326
(D)
-927
-2,417
-1,142
-2,227
-545
-187
-1,555
-282
-37
-113
-2,152
-1,350
-9,640
-7,047
-4,888
91
-544
-2,140
-6,432
-2,362
-1,403
-1,212
-1,527
-1,331
-10,418
-5,940
-2,985
-1,318
-358
-2,802
-674
-1,059
-22,302
-12,986
-7,865
683
-3,967
-6,032
-6,337
-2,664
-1,550
345
-1,530
-2,488
-374
862
1,025
184
-320
-1,100
-2,755
-2,347
(D)
-155
-5,951
-4,137
-2,452
63
-1,573
-304
-17,333
-1,229
-5,485
-5,081
-5,538
-18,902
-7,610
-25,465
-4,674
-5,361
-7,512
-7,918
-10,239
-10,211
-4,146
-6,724
-12,634
-1,961
-791
-1,706
-1,722
-455
-288
-2,418
-2,525
-130
-1,031
-1,631
-3,970
-880
-2,036
-969
-4,417
-496
-1,002
-5,097
-2,836
-1,304
-3,166
-6,197
-8,133
-10,415
-667
-1,262
-3,027
-1,961
-1,197
-2,162
-1,566
-3,404
-3,560
-2,198
-2,777
-4,913
-3,392
-4,449
-923
-741
-496
-200
-1,045
-1,304
-917
-1,453
-455
-261
-130
-1,810
-2,651
-667
-339
-1,165
-880
6,491
775
1,483
187
864
361
71
1,539
141
655
120
623
1,841
390
731
620
100
1,628
57
964
607
965
16
700
99
150
1,193
341
389
263
200
1,962
-1,663
-2,551
-3,836
125
51
712
590
-1,170
-1,306
-322
-2,507
4,589
752
-4,875
-9,320
-243
1,609
4,261
-9,628
-10,317
-7,859
-2,716
-549
3,954
1,408
-7,565
-9,811
3,340
1,406
4,227
2,730
12,478
9,394
15,000
3,214
1,708
794
Other transactions in outstanding bonds, net 3
Western Europe
Of which United Kingdom
Canada
Japan
Other
1,641
-11,910
-16,955
281
818
12,452
U.S. securities, excluding Treasury securities and transactions of foreign official agencies, net foreign purchases
(+), (table 1, line 59 or lines 2 + 10 below)
Stocks, net foreign purchases
30,274
-4,370
By area:
Western Europe
Of which Germany
Switzerland
United Kingdom .
Canada
Japan
Other
-5,275
-91
99
-3,453
1,337
-3,652
3,220
34,644
Corporate and other bonds, net foreign purchases .
By type:
New issues sold abroad by U.S. corporations
U.S. federally-sponsored agency bonds, net
Other outstanding bonds, net
Western Europe
Of which Germany
Switzerland
United Kingdom
Canada
Japan
,
Other countries
International financial institutions2
IV
(D)
-100
-3,314
-2,493
721
1,665
2,890
4,613
-3,022
-1,612
-174
265
-1,460
888
-3,327
1,029
7,635
10,453
-1,358
-1,688
91
196
-1,060
708
-693
315
11,811
23,413
14,314
-3,083
6,077
2,712
-1,154
7,077
4,976
-242
17,279
2,525
-508
4,661
5,028
471
-487
-267
-3,965
3,975
3,627
215
-3,813
-158
-404
-2,307
-226
-236
310
1,838
150
42
1,374
-33
604
1,566
3,191
282
1,047
1,200
-134
-363
933
-993
219
495
-1,688
-598
140
1,666
6,695
8,503
5,767
14,785
5,480
525
690
4,779
6,101
-2,377
5,672
1,152
-1,057
10,349
7,763
-3,327
3,052
728
-176
2,213
379
804
4,084
184
2,833
89
95
2,470
-173
844
2,826
-563
4,765
652
-514
3,995
698
2,791
6,592
-61
1,631
874
183
91
19,439
-8,002
710
224
1,180
13,137
-1,101
1,082
255
844
-1,102
13,305
985
313
3,657
3,934
143
-401
17,145
478
-135
-416
3,467
58
-119
1,743
4,881
278
4,538
341
-158
3,501
18
-2,532
4,713
-42
6,877
3,949
5,368
464
217
-104
926
4,436
1,699
141
-216
8,513
-4,558
912
241
-1,241
3,004
Memoranda:
Other foreign transactions in marketable, long-term U.S. securities included elsewhere in international transactions
accounts:
Foreign official assets in the United States (lines in table 9):
U.S. Treasury marketable bonds (line A4)
Other U.S. Government securities (line A6)
U.S. corporate and other bonds (part of line A14)
U.S. stocks (part of line A14)
Other foreign transactions in U.S. Treasury bonds and notes (table 9, line B4)
See footnotes on page 113.
,
782
-1,470
31,882
110 • September 1993
SURVEY OF CURRENT BUSINESS
Table 7. Claims on and Liabilities to Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns
[Millions of dollars]
Not seasonally adjusted
Line
(Credits +; increase in U.S. liabilities or decrease in U.S. assets.
Debits - ; decrease in U.S. liabilities or increase in U.S. assets.)
1992
1992
Amounts
outstanding
March 3 1 ,
1993
1993
1,294
-3,214
1,132
-4,774
4,502
3,317
1,185
5,004
3,469
1,535
1,678
3,650
-1,972
-3,182
-4,284
1,102
1,002
482
520
-2,809
-33
-2,776
n.a.
n.a.
n.a.
99,438
75,831
23,607
By type: Deposits l
Other claims J 2
4,736
-234
106
1,361
317
-2,932
-250
1,409
-407
-2,925
116
n.a.
n.a.
96,945
2,493
By area: Industrial countries
Of which United Kingdom
Canada
Caribbean banking centers 4
Other
3,183
2,775
2,411
1,321
-2
4,094
4,148
1,205
807
103
-324
2,862
-491
1,881
121
-2,589
-3,912
-1,265
-724
131
2,002
-323
2,962
-643
-357
-3,121
1,216
-1,008
303
9
n.a.
n.a.
n.a.
n.a.
n.a.
76,021
42,670
11,190
22,006
1,411
49
214
-165
335
254
81
-384
-159
-225
-32
-159
127
130
278
-148
-1,965
-1,972
7
n.a.
n.a.
n.a.
19,051
18,108
943
By type: Trade receivables
Advance payments and other claims
-407
456
213
122
-490
106
204
-236
-334
464
-2,190
225
n.a.
n.a.
16,901
2,150
By area: Industrial countries3
Members of OPEC 5
Other
563
-105
-409
108
30
197
-140
-14
-230
201
69
-302
394
-190
-74
-1,202
-96
-667
n.a.
n.a.
n.a.
11,818
1,289
5,944
Liabilities, total (table 1, line 60)
741
926
979
1,553
-2,717
2,057
120
-2,113
2,233
362
246
116
-264
-1,280
1,016
1,421
-273
1,694
-1,399
-806
-593
627
409
218
n.a.
n.a.
n.a.
22,674
16,109
6,565
1,210
1,558
-905
-185
565
909
-268
65
647
6
-776
-135
1,470
336
-10
-39
-1,472
307
149
-76
678
722
43
-94
n.a.
n.a.
n.a.
n.a.
18,156
8,632
3,351
1,167
621
843
-222
564
760
-196
1,243
1,022
221
132
-217
349
-1,318
-722
-596
1,430
1,102
328
n.a.
n.a.
n.a.
25,132
23,746
539
82
616
-52
653
-107
239
-560
-758
827
603
n.a.
n.a.
9,873
15,259
-704
478
847
-413
120
857
222
466
555
238
-135
29
-751
27
-594
1,201
-111
340
n.a.
n.a.
n.a.
17,849
2,280
5,003
Claims, total (table 1, line 46)
Financial claims
Denominated in U.S. dolllars
Denominated in foreign currencies
Commercial claims
Denominated in U.S. dollars
Denominated in foreign currencies
Financial liabilities
Denominated in U.S. dollars
Denominated in foreign currencies
By area: Industrial countries3
Of which United Kingdom
Caribbean banking centers 4
Other
Commercial liabilities
Denominated in U.S. dollars
Denominated in foreign currencies
By type: Trade payables
Advance receipts and other liabilities
By area: Industrial countries3
Members of OPEC 5
Other
See footnotes on page 113.
4,551
118,489
47,806
1,386
September 1993 • 112
SURVEY OF CURRENT BUSINESS
Tabie 8.—Claims on Foreigners Reported by U.S. Banks
[Millions of dollars]
Not seasonally adjusted
(Credits +; decrease in U.S. assets. Debits - ; increase in U.S. assets.)
1992
Total (table 1, line 47)
24,948
17,795
4,050
By type:
Banks' own claims
28,966
13,696
3,594
18,543
925
1,432
19,030
6,680
5,691
-12,858
184
1,968
353
-1,580
3,773
2,597
762
-5,700
8,944
-6,038
-11,906
-8,961
-6,877
-5,235
10,086
12,718
4,739
Payable in dollars
By borrower:
Claims on:
own foreign offices
unaffiliated foreign banks
foreign public borrowers :
other private foreigners
By bank ownership:2
U.S.-owned banks' claims on:
own foreign offices
unaffiliated foreign banks
other foreigners
Foreign-owned banks' claims on:
own foreign offices
unaffiliated foreign banks
other foreigners
,
Payable in foreign currencies
Banks' domestic customers' claims
Payable in dollars
Deposits
Foreign commercial paper 3
Other negotiable ana readily transferable instruments4
Outstanding collections and other
Payable in foreign currencies
By area:
Industrial countries5
Western Europe
Of which United Kingdom
Canada
Japan
Other
,
,
Caribbean banking centers 6
Other areas
Of which Members of OPEC, included below 7
Latin America
Asia
Africa
Other8
,
Memoranda:
International banking facilities' (IBF's) own claims, payable in dollars (lines 1-13 above)
By borrower:
Claims on:
own foreign offices
,
unaffiliated foreign banks
foreign public borrowers
all other foreigners
By bank ownership:2
U.S.^wned IBPs
Foreign-owned IBF's
,
Banks' dollar acceptances payable by foreigners
See footnotes on page 113.
Amounts
outstanding
June 30,
1993
1993
1992
631,727
-3,481
28,055
12,111
-435
18,395
2,716
537,224
25,852
-9,666
19,683
-6,195
482,058
16,556
6,257
4,465
-1,426
-1,483
-4,142
111
-4,152
6,978
12,717
-2,421
2,409
-3,788
1,543
4,978
-8,928
296,726
95,530
28,547
61,255
1,970
2,289
-3,342
23,029
-2,052
2,596
-7,094
602
-5,925
-374
2,049
-1,298
-2,258
-1,901
-4,355
135,394
36,471
58,076
9,145
8,845
4,008
1,803
308
-1,596
-6,473
8,309
443
5,611
-4,744
7,352
10,668
1,286
-1,530
3,444
405
161,332
59,059
31,726
6,584
4,743
10,423
12,771
2,162
-13,741
9,231
-1,288
8,911
55,166
-4,018
-2,984
-172
-5,672
3,053
-193
-1,034
4,099
3,663
-2,268
2,147
3,562
222
436
456
1,869
450
-3,310
4,320
409
-1,413
-5,527
-5,915
1,750
-2,582
-4,211
-872
-3,046
-2,601
-104
-1,927
-618
48
-445
9,660
7,853
3,452
-248
4,123
526
1,807
2,027
2,636
-600
2,039
2,026
-829
-609
94,503
91,269
12,600
52,524
12,710
13,435
3,234
1,369
-18,353
-6,640
-1,282
20,629
375
29,758
7,442
4,006
164
22,320
-168
-11,922
-20,089
-9,947
-1,717
9,976
-92
-21,497
-264
8,620
-1,475
-20,435
677
5,030
-5,442
-9,319
1,746
8,768
-42
15,969
13,229
8,636
-4,747
9,162
-1,675
7,718
176
1,680
2,398
4,656
324,350
190,535
92,801
30,023
92,074
11,718
37,253
-5,367
15,387
30,278
-3,045
6,921
-2,265
177,942
-13,674
-10,502
-2,765
-11,465
460
-6,596
-3,660
-1,743
-4,338
142
-657
585
-2,169
-572
952
125
-2,197
-769
174
-4,128
183
1,574
-5,466
-3,904
-624
-3,951
10
-901
5,165
-759
2,466
359
338
2,002
-710
1,072
-2,834
1,124
-167
1,167
129,435
24,839
55,768
62,533
3,585
7,549
3,438
5,483
9,003
-5,736
-5,312
25,001
-5,857
211,568
-10,560
9,462
5,264
-728
-384
5,243
697
-73
4,553
2,938
1,517
-5
-14,857
7,947
2,129
-955
128
-6,666
921
305
11,158
13,403
914
-^74
-11,178
3,485
1,788
117,346
60,288
14,223
19,711
-4,358
7,796
273
-6,020
11,503
1,092
6,495
2,508
312
-1,713
-4,023
-970
-3,120
-2,192
-161
1,612
23,389
741
-7,106
1.249
-162
64,184
147,384
8,121
112 • September 1993
SURVEY OF CURRENT BUSINESS
Table 9.—Foreign Official Assets and Other Foreign Assets in the United States Reported by U.S. Banks
[Millions of dollars]
Not seasonally adjusted
Line
(Credits+; increase in foreign assets. Debits - ; decrease in foreign assets.)
Foreign official assets In the United States (table 1, line 49)
By type:
U.S. Treasury securities (table 1, line 51)
Bills and certificates
Bonds and notes, marketable
Bonds and notes, nonmarketable
Other U.S. Government securities (table 1, line 52)
Other U.S. Government liabilities (table 1, line 53)
U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 54)
Banks' liabilities for own account, payable in dollars *
Demand deposits
,
Time deposits 1
Other liabilities2
Banks' custody liabilities, payable in dollars 1 3
1992
Amounts
outstanding
June 30,
1993
1993
1992
40,684
21,124
21,008
-7,378
5,931
10,929
17,839
18,454
11,904
6,877
-327
11,240
7,135
4,436
-331
1,699
-323
4,356
-4,558
-121
912
-7,379
1,039
8,951
-8,002
678
7,466
7,678
864
943
90
710
-395
-7,831
-7,094
131
-1,374
-5,851
-737
-688
14.916
9,451
5,368
97
464
58
5,573
5,458
-1,288
1,195
5,551
115
113
-1,000
11,219
10,605
-487
1,703
9,389
614
274
8,171
8,433
183
924
7,326
-262
1,404
6,042
6,313
-1,101
830
1,082
191
9,425
3,186
746
485
1,955
6.239
1,099
55,502
-2,716
9,640
28,517
20,061
-5,263
-2,873
36,893
623
10,168
4,870
21,232
13,599
-411
5,011
31,882
-303
1,655
8,513
1,866
3,004
1,793
19,439
462
13,137
691
-1,102
3,616
31,771
1,506
873
-711
461
583
8,440
1,145
1,978
2,289
603
182
21,753
-703
-1,111
11,714
2,996
570
-232
-749
18,609
12,245
14,147
-3,339
-3,869
2,826
-528
-287
-3,093
23,647
19,237
5,990
-1,171
-2,836
8,424
-18,862
-17,838
-28,037
-2,462
-596
7,702
3,949
2,542
16,427
16,647
-1.352
1,324
16,675
-220
292
-200
7,586
-212
-75
-9,038
1,631
28
874
Other foreign official assets (table 1, line 55)
By area (see text table D):
Other foreign assets in the United States (table 1, lines 58 and 61)
By type:
U.S. Treasury securities (line 58)
By security:
Bills and certificates
Marketable bonds and notes
By holder:
Foreign banks
Other private foreigners
International financial institutions4
U.S. liabilities reported by U.S. banks (line 61)
Banks' own liabilities1
Payable in dollars
By account:
Liabilities to own foreign offices
Liabilities to unaffiliated foreigners:
demand deposits
time deposits l
other liabilities2
1,066
10,714
-10,329
7,733
-7,052
-6,313
-8,280
2,853
-646
10,874
254
-13.336
5,194
1,351
4,201
1,684
1,418
-6,799
3,638
-170
15,288
358
-424
-17,198
-4,102
-873
7,329
9,526
By holder:
Liabilities to:
own foreign offices
unaffiliated foreign banks
other private foreigners
international financial institutions 4
1,066
14,859
-1,902
124
10,714
-10,329
-8,269
-2,209
2,590
8,609
-2,778
1,405
7,733
-1,176
1,607
-2,174
-7,052
15,695
1,478
-1,697
-6,313
-17,123
-8,280
15,029
920
33
-5,855
1,393
-1,111
17,207
1,167
2,265
-8,975
384
-4,651
-10,297
375
-3,790
-533
-363
6,921
13,466
-667
-6,493
-9,436
-1,884
-1,354
8,225
3,278
18,030
-1,551
-2,205
-3,262
-1.902
-6,695
2,806
13,247
6,364
3,471
530
-375
-241
4,410
2,009
78,964
-6,316
5,733
-1,016
-11,033
1,584
2,016
3,057
-3,835
2,174
598
3,079
13,395
62,478
883
15,603
-31,021
7,559
3,413
-7,462
11,676
746
2.599
3,692
53,239
19,089
3,818
30,332
-22,338
-2,384
-833
-342
1,420
-10
2,624
-3,179
1,786
17
-1,008
-2,096
-2,989
-6,187
-3,723
-17
1,372
By bank ownership:5
U.S.-owned banks' liabilities to:
own foreign offices
unaffiliated foreign banks
other private foreigners and international financial institutions4
Foreign-owned banks' liabilities to:
own foreign offices
unaffiliated foreign banks
other private foreigners and international financial institutions4
Payable in foreign currencies
Banks' custody liabilities, payable in dollars 13
Of which negotiable and readily transferable instruments
By area:
Industrial countries 6
Western Europe
,
Canada
Other
Caribbean banking centers7
Other areas
Of which Members of OPEC, included below 8
Latin America
Asia
Africa
Other 9
Memoranda:
International banking facilities' (IBF's) own liabilities, payable in dollars (in lines A9, and B10 above)
14,816
-10
-1,411
-7,447
1,638
625
-3,697
-904
-2,924
406
984
2,458
-11,254
-17,118
-1,677
-8,686
14,045
-1,505
-11,260
10,199
-8,298
1,665
1,829
-1,024
642
-1,866
1,561
18,646
22,840
-1,909
-2,285
-2,820
4,235
564
-1,262
-13,230
16,228
144
-106
6,296
141
4,941
-5
6,930
5,038
4,554
-8,555
16,405
29,080
-2,224
-10,451
-16,699
-2,579
24
-625
-2,714
441
519
16.184
-7,713
-1,678
14,704
10,871
-22,941
8,783
By holder:
Liabilities to:
own foreign offices
unaffiliated foreign banks
foreign official agencies
other private foreigners and international financial institutions4
7,284
8,726
3,533
-3,359
791
-8,470
1,788
-1,822
-9,237
-7,011
15,053
2,333
496
-6,447
-17,521
2,051
-1,024
-5,749
1,477
22,741
-3,338
-1,189
-3,510
By bank ownership:5
U.S.^wned IBF's
Foreign-owned IBF's
-579
16,763
3,499
-11,212
-6,873
5,195
723
13,981
2,072
8.799
-23,310
2,546
6,237
1,658
654
-759
101
1,662
434
841
Negotiable certificates of deposit held for foreigners1 (in lines A13 and B27 above)
See footnotes on page 113.
5,481
601
13,485
1,612
-565
SURVEY OF CURRENT BUSINESS
September 1993
•
FOOTNOTES TO U.S. INTERNATIONAL TRANSACTIONS TABLES 1-10
General notes for all tables:
Revised,
D
P Preliminary.
'Less than $500,000 ( ± )
Table 1:
1. Credits, +: Exports of goods, services, and income; unilateral transfers to United States; capital inflows (increase
in foreign assets (U.S. liabilities) or decrease in U.S. assets); decrease in U.S. official reserve assets; increase in foreign
official assets in the United States.
Debits, - : Imports of goods, services, and income; unilateral transfers to foreigners; capital outflows (decrease
in foreign assets (U.S. liabilities) or increase in U.S. assets); increase in U.S. official reserve assets; decrease in foreign
offical assets in the United States.
2. Excludes exports of goods under U.S. military agency sales contracts identified in Census export documents,
excludes imports of goods under direct defense expenditures identified in Census import documents, and reflects various
other adjustments (for valuation, coverage, and timing) of Census statistics to balance of payments basis; see table 2.
3. Includes some goods: Mainly military equipment in line 4; major equipment, other materials, supplies, and
petroleum products purchased abroad by U.S. military agencies in line 18; and fuels purchased by airline and steamship
operators in lines 7 and 21.
4. Includes transfers of goods and services under U.S. military grant programs.
5. Beginning in 1982, these lines are presented on a gross basis. The definition of exports is revised to exclude
U.S. parents' payments to foreign affiliates and to include U.S. affiliates' receipts from foreign parents. The definition
of imports is revised to include U.S. parents' payments to foreign affiliates and to exclude U.S. affiliates' receipts from
foreign parents.
6. Beginning in 1982, the "other transfers" component includes taxes paid by U.S. private residents to foreign
governments and taxes paid by private nonresidents to the U.S. Government.
7. For all areas, amounts outstanding Dec. 31,1992, were as follows in millions of dollars: Line 34,71,324; line 35,
11,056; line 36,8,503; line 37,11,759; line 38,40,005. Data are preliminary.
8. Includes sales of foreign obligations to foreigners.
9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible and nonconvertible
bonds and notes.
10. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and of debt securities of
U.S. Government corporations and agencies.
11. Includes, primarily, U.S. Government liabilities associated with military agency sales contracts and other
transactions arranged with or through foreign official agencies; see table 4.
12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations and State and
local governments.
13. Conceptually, the sum of lines 69 and 62 is equal to "net foreign investment" in the national income and product
accounts (NIPA's). However, the foreign transactions account in the NIPA's (a) includes adjustments to the international
transactions accounts for the treatment of gold, (b) includes adjustments for the different geographical treatment of
transactions with U.S. territories and Puerto Rico, and (c) includes services furnished without payment by financial pension
plans, except life insurance carriers and private noninsured pension plans. A reconciliation of the balance on goods
and services from the international accounts and the NIPA net exports appears in the "Reconciliation and Other Special
Tables" section in this issue of the SURVEYOR CURRENT BUSINESS. A reconciliation of the other foreign transactions in the
two sets of accounts appears in table 4.5 of the full set of NIPA tables (published annually in the July issue of the SURVEY).
Table 2:
1. Exports, Census basis, represent transactions values, f.a.s. U.S. port of exportation; imports, Census basis,
represent Customs values (see Technical Notes in the June 1982 SURVEY). Unadjusted data are as published by the
Bureau of the Census. Seasonally adjusted data reflect the application of seasonal factors developed jointly by Census
and BEA, and are the same totals except for six series which use quarterly factors; these series are not seasonally
adjusted by Census (see Technical Notes in the June 1991 SURVEY).
2. Beginning in 1990, the Census Bureau replaced its compiled export statistics with counterpart Canadian import
statistics. Similarly, Statistics Canada replaced its compiled export statistics with counterpart U.S. import statistics. This
exchange of data has eliminated the need for the inland freight adjustment on U.S. exports, but not on U.S. imports.
3. Adjustments in lines A5 and A13, B12, B47, and B82 reflect the Census Bureau's reconciliation of discrepancies
between the merchandise trade statistics published by the United States and the counterpart statistics published in
Canada. These adjustments are distributed to the affected end-use categories in section C.
4. Exports of military equipment under U.S. military agency sales contracts with foreign governments (line A6), and
direct imports by the Department of Defense and the Coast Guard (line A14), to the extent such trade is identifiable from
Customs declarations. The exports are included in tables 1 and 10, line 4 (transfers under U.S. military agency sales
contracts); the imports are included in tables 1 and 10, line 18 (direct defense expenditures).
5. Addition of electrical energy; deduction of exposed motion picture film for rental rather than sale; net change in
stock of U.S.-owned grains in storage in Canada; coverage adjustments for special situations in which shipments were
omitted from Census data; deduction of the value of repairs and alterations to foreign-owned equipment shipped to the
United States for repair; and the inclusion of fish exported outside of U.S. customs area.
6. Deduction of foreign charges for repair of U.S. vessels abroad, which are included in tables 1 and 10, line 21
(other transportation); coverage adjustments for special situations in which shipments were omitted from Census data;
and the deduction of the value of repairs and alterations to U.S.-owned equipment shipped abroad for repair.
7. Beginning in 1986, New Zealand and South Africa are included in "Other countries in Asia and Africa," with New
Zealand included as part of "Asia" and South Africa as part of "Africa."
8. Annual and unadjusted quarterly data shown in this table correspond to country and area data in table 10, lines 2
and 16. Trade with international organizations includes purchases of nonmonetary gold from the International Monetary
Fund, transfers of tin to the International Tin Council (ITC), and sales of satellites to Intelsat. The memoranda are defined
as follows: Industrial countries: Western Europe, Canada, Japan, Australia, New Zealand, and South Africa; Members
of OPEC. Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, Indonesia, Algeria, Libya,
Nigeria, and Gabon; Other countries. Eastern Europe, Latin America and Other Western Hemisphere, and other countries
in Asia and Africa, less OPEC. For all years, "Asia" and "Africa" exclude certain Pacific Islands and unidentified countries
included in "Other countries in Asia and Africa."
9. Includes nuclear fuel materials and fuels.
Table 3:
1. Patented techniques, processes, and formulas and other intangible property rights that are used in goods
production.
2. Copyrights, trademarks, franchises, rights to broadcast live events, and other intangible property rights.
3. Other unaffiliated services receipts (exports) include mainly expenditures of foreign governments and international
organizations in the United States. Payments (imports) include mainly wages of foreign residents temporarily employed
in the United States and Canadian and Mexican commuters in U.S. border areas.
Table 4:
1. Expenditures to release foreign governments from their contractual liabilities to pay for military goods and services purchased through military sales contracts—first authorized (for Israel) under Public Law 93-199, section 4, and
subsequently authorized (for many recipients) under similar legislation—are included in line A3. Deliveries against these
military sales contracts are included in line C10; see footnote 2. Of the line A3 items, part of these military expenditures
is applied in lines A40 and A43 to reduce short-term assets previously recorded in lines A38 and C8; this application of
funds is excluded from lines C3 and C4. A second part of line A3 expenditures finances future deliveries under military
n.a. Not available.
Suppressed to avoid disclosure of data of individual companies.
sales contracts for the recipient countries and is applied directly to lines A39 and C9. A third part of line A3, disbursed
directly to finance purchases by recipient countries from commercial suppliers in the United States, is included in line
A34. A fourth part of line A3, representing dollars paid to the recipient countries to finance purchases from countries
other than the United States, is included in line A45.
2. Transactions under military sales contracts are those in which the Department of Defense sells and transfers
military goods and services to a foreign purchaser, on a cash or credit basis. Purchases by foreigners directly from
commercial suppliers are not included as transactions under military sales contracts. The entries for the several categories
of transactions related to military sales contracts in this and other tables are partly estimated from incomplete data.
3. The identification of transactions involving direct dollar outflows from the United States is made in reports by each
operating agency.
4. Line A35 includes foreign currency collected as interest and line A40 includes foreign currency collected as
principal, as recorded in lines A13 and A14, respectively.
5. Includes (a) advance payments to the Department of Defense (on military sales contracts) financed by loans
extended to foreigners by U.S. Government agencies and (b) the contraentry for the part of line C10 that was delivered
without prepayment by the foreign purchaser. Also includes expenditures of appropriations available to release foreign
purchasers from liability to make repayment.
6. Includes purchases of loans from U.S. banks and exporters and payments by the U.S. Government under
commercial export credit and investment guarantee programs.
7. Excludes liabilities associated with military sales contracts financed by U.S. Government grants and credits and
included in line C2.
8. Lines A16 and A19 exclude offsetting amounts for the receipt and near immediate conversion into dollars of cash
contributions in foreign currencies from two coalition partners for Persian Gulf operations. The amounts were $6,475
million in 1991:1 and $2,147 million in 1991:11.
Table 5:
1. Petroleum includes, and manufacturing and "other" industries exclude, the exploration, development, and
production of crude oil and gas, and the transportation, refining, and marketing of petroleum products, exclusive of petrochemicals. "Other" industries includes wholesale trade; banking; finance (except banking), insurance, and real estate;
services; and other industries—agriculture, forestry, and fishing; mining; construction; transportation, communication, and
public utilities; and retail trade.
2. Acquisition of equity holdings in existing and newly established companies, capital contributions, capitalization of
intercompany debt, and other equity contributions.
3. Sales (total and partial), liquidations, returns of capital contributions, and other dispositions of equity holdings.
Table 6:
1. Primarily provincial, regional, and municipal.
2. Largely transactions by International Bank for Reconstruction and Development (IBRD), International Development Assxiation (IDA), International Finance Corporation (IFC), Asian Development Bank (ADB), and Inter-American
Development Bank (IDB).
3. Estimate for scheduled redemptions and identifiable early retirements. Includes estimates based on Canadian
statistics for redemptions of Canadian issues held in the United States. Unidentified and nonscheduled retirements appear
in line A30.
Table 7:
1. Deposits include other financial claims for the United Kingdom, Canada, Bahamas, and British West Indies
(Cayman Islands) due to the commingling of these categories in foreign source data,
2. Primarily mortgages, loans, and bills and notes drawn on foreigners.
3. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
4. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
5. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries.
Table 8:
1. Includes central governments and their agencies and corporations; state, provincial, and local governments and
their agencies and corporations; and international and regional organizations.
2. U.S.-owned banks are mainly U.S.-chartered banks and Edge Act subsidiaries. U.S. brokers' and dealers'
accounts may be commingled in some categories. Foreign-owned banks include U.S. branches and agencies of foreign
banks and majority-owned bank subsidiaries in the United States.
3. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
4. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
5. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries.
6. Includes Eastern Europe and international and regional organizations.
Table 9:
1. Negotiable certificates of deposit issued by banks in the United States are included in banks' custody liabilities
and are separately identified in memorandum line 8. Nonnegotiable certificates of deposit are included in time deposits.
2. Includes borrowing under Federal funds or repurchase arrangements, deferred credits, and liabilities other than
deposits.
3. Mainly negotiable and readily transferable instruments, excluding U.S. Treasury securities.
4. Mainly International Bank for Reconstruction and Development (IBRD), International Development Association
(IDA), International Finance Corporation (IFC), Asian Development Bank (ADB), Inter-American Development Bank (IDB),
and the Trust Fund of the International Monetary Fund.
5. U.S.-owned banks are mainly U.S.-chartered banks and Edge Act subsidiaries. U.S. brokers' and dealers' liabilities
may be commingled in some categories. Foreign-owned banks are U.S. branches and agencies of foreign banks and
majority-owned bank subsidiaries in the United States.
6. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
7. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
8. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries.
9. Includes Eastern Europe and international and regional organizations.
Table 10:
For footnotes 1-13, see table 1.
14. The "European Communities (12)" includes the "European Communities (6)," United Kingdom, Denmark, Ireland,
Greece, Spain, and Portugal.
15. The "European Communities (6)" includes Belgium, France, Germany (includes the former German Democratic
Republic (East Germany) beginning in the fourth quarter of 1990), Italy, Luxembourg, Netherlands, European Atomic
Energy Community, European Coal and Steel Community, and European Investment Bank.
16. Includes, as part of international and unallocated, the estimated direct investment in foreign affiliates engaged in
international shipping, in operating oil and gas drilling equipment internationally, and in petroleum trading. Also includes
taxes withheld, current-cost adjustments associated with U.S. and foreign direct investment, and small transactions in
business services that are not reported by country.
17. Details not shown separately; see totals in lines 49 and 56.
18. Details not shown separately are included in line 61.
114 •
SURVEY OF CURRENT BUSINESS
September 1993
Table 10.—U.S. International
[Millions
European Communities (12) 1
Western Europe
Line
1992
(Credits +; debits - ) *
1992
1993
1992
1992
\\P
223,925
58,814
56,267
54,267
54,577
56,306
55,725
194,783
51,426
48,806
114,454
31,138
28,387
26,193
28,736
29,589
27,466
100,623
27,527
24,936
64,230
2,633
14,635
826
15,464
17,871
626
16,260
485
15,794
884
16,927
878
54,364
1,857
12,224
564
13,001
552
Travel
Passenger fares
Other transportation
17,128
6,455
7,468
3,234
1,303
1,861
4,188
1,475
1,917
5,539
2,087
1,856
4,167
1,590
1,834
3,859
1,416
1,860
4,800
1,510
1,889
14,019
5,969
5,806
2,566
1,183
1,441
3,346
1,347
1,480
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services.
11,555
18,876
116
2,753
4,628
30
2,776
4,389
25
2,876
4,856
31
3,150
5,003
31
2,552
5,150
75
2,819
4,859
172
10,473
16,154
86
2,506
3,946
19
2,509
3,747
45,241
21,699
20,550
2,992
13,041
7,122
5,176
743
12,416
6,519
5,245
652
10,203
4,214
5,061
928
9,582
3,844
11,332
5,960
4,908
465
39,796
18,194
18,825
2,777
11,674
5,068
670
10,922
5,674
4,645
604
10,869
5,429
4,838
602
Imports of goods, services, and income ...
-217,783
-48,623
-56,401
-56,083
-56,675
-53,680
-60,448
-187,023
-41,624
-48,373
Merchandise, adjusted, excluding military2
-111,287
-24,934
-27,507
-27,958
-30,888
-27,392
-29,978
-93,895
-21,063
-23,217
-52,727
-9,843
-11,522
-2,509
-14,398
-2,410
-14,303
-2,434
-12,503
-2,490
-11,928
-2,308
-15,136
-2,305
-46,532
-9,029
-10,230
-2,399
-12,586
-2,151
Travel
Passenger fares
Other transportation .
-13,221
-5,456
-7,989
-2,009
-1,035
-1,961
-4,328
-1,536
-1,957
-4,690
-1,758
-2,095
-2,194
-1,127
-1,976
-2,089
-1,023
-1,863
-4,477
-1,540
-1,969
-12,185
-4,898
-6,349
-1,930
-932
-1,536
-3,947
-1,370
-1,534
Royalties and license fees 5
Other private services5
,
U.S. Government miscellaneous services .
-3,508
-11,735
-922
-2,887
-200
-761
-3,145
-262
-1,048
-2,022
-256
-111
-3,682
-257
-708
-3,647
-291
-735
-3,870
-241
-2,763
-10,506
-802
-750
-2,519
-164
-592
-2,782
-210
-12,167
-192
-7,763
-14,496
-1,906
-8,294
-4,296
-13,822
-1,843
-7,754
-4,225
-13,284
-709
-8,316
-4,259
-14,360
-2,312
-7,738
-4,310
-15,333
-3,094
-8,140
-4,099
-46,596
-4,295
-28,122
-14,179
-10,331
-104
-6,751
-3,476
-12,570
-1,700
-7,292
-3,578
191
210
-77
-196
Exports of goods, services, and income
Merchandise, adjusted, excluding military2
Services3
Transfers under U.S. military agency sales contracts 4
Income receipts on U.S. assets abroad .
Direct investment receipts
Other private receipts
U.S. Government receipts
Services3
Direct defense expenditures .
Income payments on foreign assets in the United States
Direct investment payments
Other private payments
U.S. Government payments
-975
-53,769
-4,650
-32,127
-16,992
-4,212
6,241
4,747
687
19
-157
-176
24
65
-71
40
102
-993
-1,063
-161
-268
453
-237
-253
555
-249
-307
485
-285
-248
573
-284
-275
1,898
-346
-235
405
661
-290
-795
2,074
463
-82
-200
492
-60,721
-5,158
-26,308
-6,707
-22,549
-5,630
-21,825
-41,671
-3,464
-15,496
U.S. official reserve assets, net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
5,271
-607
1,904
2,379
1,595
-455
-431
8,901
511
3,098
5,271
-607
1,904
2,379
1,595
-455
-431
8,901
511
3,098
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net
210
-527
686
50
-13
-167
128
26
62
-71
124
104
-142
212
34
56
-147
222
-19
34
-98
143
-11
100
-12
123
-11
25
-455
432
49
13
-10
-70
50
-28,274
-4,149
-9,190
1,343
-9,074
-1,195
-264
-24,200
-2,365
-15,969
-5,209
-2,272
-15,722
-491
13,276
-21,494
-3,754
-17,906
n.a.
-50,598
-9,711
-30,019
1,533
-12,401
-3,988
-7,009
Unilateral transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers .
Private remittances and other transfer 6
U.S. assets abroad, net (increase/capital outflow (-))
-66,202
-13,012
-36,369
1,535
-18,356
,
-7,841
-7,070
2,932
7,441
-20,088
94,787
14,902
33,917
14,826
31,142
478
40,070
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
Other U.S. Government liabilities11
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets- 2
20,795
9,694
(17)
13,345
-4,848
2,605
-1,370
(17)
3,673
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
73,992
-62
(17)
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns ...,
U.S. claims reported by U.S. banks, not included elsewhere
Foreign assets In the United States, net (increase/capital inflow (+))
I!
-4,256
219
i-!
-421
-5,445
(17)
276
()
-64
17
(17)
12,005
-244
5,208
-3,678
(17)
3,049
294
20,573
1,692
(17)
19,674
-1,015
3,340
756
725
798
(17)
28,537
1,849
7,572
(17)
6,024
1,281
( 17 )
36,396
3,743
-6,424
2,486
-2,152
3,756
1,604
-3,702
-2,098
-71
-2,168
2,940
(17)
4,891
-2,092
(17)
(17)
-2,961
-2,899
2,885
5,776
973
-13,697
71,817
8,157
26,413
(18)
(18)
(18)
(.8)
(18)
8
(18)
(18)
(18)
( 17 )
11
-18,584
-5,640
e
PI
<3
-98
90
20
-1,938
(IS)
(18)
(18)
(18)
(18)
(18)
(.8)
-4,957
1
(18)
(18)
(18)
61,263
(18)
2,337
287
l8
10,484
1,181
(18)
3,408
610
18
21,213
-13,624
-38,895
-14,686
-11,560
2,197
3,866
6,063
-3,438
2,626
40
-2,512
1,790
-722
-4,001
6,728
7,832
14,560
-6,800
-4,723
102
2,666
-4,621
7,760
989
8,748
6,464
1,995
8,459
1,34:
9,802
191
9,992
1,719
415
2,134
-1,701
433
210
643
(17)
3,772
n.a.
(18)
18
12,388
-257
Allocations of special drawing rights
Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above Items
with sign reversed)
Memoranda:
Balance on merchandise trade (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 64 and 65)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 66 and 6 7 ) l
Unilateral transfers, net (line 29)
Balance on current account (lines 1, 15, and 29 or lines 68 and 69) 1 3
See footnotes on page 113.
-40,051
-19,759
3,167
6,204
3,113
9,317
874
10,191
-176
10,015
11,504
14,671
-8,528
6,142
-157
5,985
-7,499
1,066
1,946
-2,081
-135
24
-110
-1,76!
3,568
1,803
-3,619
-1,816
65
-1,751
SURVEY OF CURRENT BUSINESS
September 1993
•
11$
Transactions, by Area
of dollars]
European Communities (12) 14
1992
III
1992
1993
IV
European Communities (6) 15
United Kingdom
1993
1992
1992
\r
II*
1992
I
II
III
IV
I'
II*
Line
1993
I
II
III
IV
I'
II*
47,474
47,077
49,146
46,919
56,160
14,677
13,746
13,770
13,967
16,261
15,315
115,807
30,740
29,255
27,760
28,052
27,799
26,694
1
23,063
25,097
26,098
22,695
22,398
5,940
5,611
4,933
5,914
6,947
5,575
66,917
18,397
16,488
15,432
16,600
16,580
14,829
2
15,357
384
13,782
357
13,293
659
14,285
707
17,478
620
3,818
166
4,079
148
5,018
136
4,562
170
4,554
260
4,872
338
29,446
817
6,674
267
7,103
305
8,262
151
7,407
95
7,003
239
7,466
169
3
4
4,721
1,958
1,454
3,385
1,482
1,430
3,112
1,296
1,460
3,825
1,379
1,479
5,478
2,013
1,070
1,003
415
248
1,322
456
275
1,793
617
273
1,359
525
274
1,253
457
271
1,552
468
274
7,077
3,510
3,287
1,284
678
826
1,677
788
834
2,438
1,180
822
1,677
864
806
1,576
754
831
1,893
807
837
5
6
7
2,606
4,208
26
2,853
4,253
22
2,294
4,404
66
2,544
4,212
138
2,179
6,096
23
529
1,453
4
509
1,365
5
565
1,631
2
576
1,647
12
470
1,799
45
516
1,720
5
6,957
7,750
47
1,654
1,954
11
1,677
1,815
7
1,697
1,951
23
1,930
2,030
7
1,523
2,062
18
1,716
1,911
133
8
9
10
9,055
3,581
4,614
860
8,199
2,944
4,626
629
9,755
4,940
4,271
544
9,939
4,966
4,541
432
16,285
4,491
11,751
43
4,918
1,771
3,146
1
4,057
1,165
2,890
1
3,819
911
2,906
1
3,492
644
2,809
39
4,759
2,079
2,680
1
4,868
2,006
2,861
1
19,444
10,604
6,327
2,513
5,669
3,637
1,440
592
5,664
3,323
1,755
586
4,066
1,795
1,514
757
4,045
1,849
1,618
578
4,216
2,344
1,428
444
4,399
2,484
1,494
421
11
12
13
14
-48,660
-48,367
-46,404
-52,059
-63,964
-14,101
-16,938
-16,164
-16,762
-16,743
-18,599
-105,815
-23,712
-26,954
-27,601
-27,549
-25,896
-29,118
15
-23,892
-25,723
-23,325
-25,467
-19,934
-4,530
-4,913
-5,150
-5,341
-4,872
-5,574
-66,000
-14,698
-16,346
-16,765
-18,191
-16,521
-17,862
1S
-12,752
-2,206
-10,965
-2,273
-10,604
-2,168
-13,360
-2,095
-14,335
-960
-3,424
-259
-4,044
-226
-3,274
-220
-3,594
-255
-4,082
-260
-4,689
-220
-26,906
-7,661
-5,822
-2,030
-7,055
-1,805
-7,667
-1,886
-6,362
-1,940
-5,523
-1,813
-7,170
-1,775
-4,264
-1,551
-1,695
-2,044
-1,045
-1,585
-2,014
-921
-1,452
-4,113
-1,373
-1,533
-3,876
-1,902
-1,625
-871
-364
-390
-1,190
-546
-376
-1,124
-554
-457
-691
-438
-402
-906
-360
-348
-1,237
-555
-363
-6,644
-2,163
-3,458
-847
-407
-841
-2,131
-605
-841
-2,531
-707
-907
-1,135
-444
-869
-899
-402
-789
-2,266
-606
-833
17
18
19
20
21
-841
-1,979
-217
-580
-3,227
-212
-560
-3,247
-243
-575
-3,474
-196
-1,208
-4,686
-79
-307
-1,222
-12
-308
-1,367
-31
-313
-586
-19
-280
-1,511
-17
-299
-1,860
-49
-301
-1,988
-25
-1,282
-5,089
-610
-436
-1,137
-124
-275
-1,253
-146
-279
-1,183
-174
-292
-1,516
-166
-253
-1,202
-166
-267
-1,270
-154
22
23
24
-12,016
-1,735
-6,738
-3,543
-11,680
-757
-7,341
-3,582
-12,474
-2,111
-6,711
-3,652
-13,233
-2,572
-7,190
-3,471
-29,695
-3,703
-21,294
-4,698
-6,147
-16
-5,110
-1,021
-7,982
-1,272
-5,586
-1,124
-7,740
-1,520
-5,059
-1,161
-7,827
-896
-5,539
-1,392
-7,790
-1,265
-5,024
-1,501
-8,336
-1,247
-5,453
-1,636
-12,909
-508
-6,283
-6,118
-3,192
-111
-1,513
-1,568
-3,553
-404
-1,572
-1,577
-3,169
-112
-1,538
-1,519
-2,996
119
-1,660
-1,454
-3,853
-895
-1,527
-1,431
-4,086
-1,329
-1,558
-1,199
25
26
27
28
198
270
208
359
386
736
155
169
225
186
150
180
29
0
0
304
284
373
399
877
200
-100
-200
604
-32
-199
516
-45
-205
623
-87
-207
694
n
-32
230
-32
302
-32
240
-2,734
-19,978
-8,317
-17,685
-126
1,002
-35,961
(*)
-31
231
588
-9,947
-1,114
-25,488
3,572
1,720
-707
91
-5
-1
-1
-2
-1
n
3,572
1,720
-707
91
-5
-1
-1
-2
-1
37
-141
152
26
-15
-147
140
-8
O
119
-4
9
-2
116
-2
115
1
-36,075
-3,545
-28,977
3,087
-6,640
593
-3,323
-4,240
4,150
4,006
-9,954
865
-3,647
2,775
-9,947
-1,111
168
-6,182
-3,716
8,620
-25,603
-1,254
-14,908
-122
-9,319
1,428
1,660
-9,606
738
8,636
-13,459
-1,359
-13,780
n.a.
1,680
-7,868
-3,687
510
-1,086
-3,605
-2,015
-3,604
-1,346
-1,268
4,203
44,564
11,349
12,537
11,588
9,090
4,378
20,356
26,780
-5,177
-6,343
1,839
-8,071
-1,982
1,872
-21,684
-1,580
-13,409
-343
-6,352
-7,610
-1,521
-14,008
-306
8,225
37
-12
59
-11
-17,813
-2,888
-17,148
n.a.
2,223
22,987
14,260
2,085
31,456
(18)
(18)
(18)
(.8)
(18)
(18)
(18)
(.8)
147
(18)
(18)
(18)
115
3
(18)
(18)
(18)
(18)
(18)
207
-97
-96
-80
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
<::>
(18)
(IS)
5,153
-1,811
8,174
18
18
4,883
1,251
-10,437
3,741
n.a.
23,613
(18)
(18)
(18)
(18)
(18)
(18)
-11
(18)
(18)
18
9,852
1,372
36,028
-6
FJ
PI
-2,608
(18)
18
9
(18)
4,197
(18)
-4
(18)
(18)
6,484
(18)
(18)
1,490
657
21,392
(18)
2,537
-699
18
-98
109
-11
l8
-114
283
-13,469
1,078
-1,474
-1
8,906
512
(*)
-1
8,906
4
-10
40
-10
1
38
1,432
4
(18)
(18)
(18)
(18)
-23
-39
-42
(18)
(18)
(18)
(.8)
(.8)
-471
1,570
(18)
(18)
2,874
289
9,851
-111
266
-33
419
(18)
(18)
(18)
(18)
(18)
18
-450
1,186
392
(18)
(18)
(18)
(18)
-2,101
2,197
946
10,318
n
-33
(18)
(18)
1,194
250
8,598
18
(18)
-1,606
(18)
1,338
(18)
3,587
-113
7,261
18
18
3,670
1,175
-1,763
18
92
3,574
1,721
-707
92
34
35
36
37
38
24
-13
3,099
28
O
1
n
24
1
-14
1
1
-1
39
4D
41
42
-2,251
990
-1,557
-3,293
-3,783
2,141
-948
1,748
-6,724
4,041
27
1,814
-9
2,209
-6,861
-2,947
-3,737
-1,445
1,268
-3,404
-1,355
-2,230
n.a.
181
43
44
45
46
47
8,039
13,733
10,185
-6,195
11,213
1
n
-6,111
-50
-96
(18)
(18)
(18)
(18)
(18)
(18)
(18)
C8)
(18)
345
363
6,133
n
(18)
-67
(18)
(.8)
(18)
(18)
-2.761
(18)
18
(18)
(18)
(18)
PI
PI
91
(18)
(.8)
(18)
(18)
125
-595
-1,799
(18)
(18)
(18)
(18)
(18)
15
1,294
-2,859
18
(18)
(18)
(18)
(18)
(18)
(18)
134
(18)
2,056
-1,221
25,851
33
-707
512
-40
18
-3,312
1,721
3,574
-85
2,307
n.a.
16,694
5,749
-185
3,099
(18)
(18)
(18)
(18)
(18)
30
31
32
-3,012
(18)
(18)
(18)
(18)
1,440
(18)
-117
297
-112
298
28
n
-116
265
-7,567
-113
339
(18)
(18)
(18)
(18)
«::»
0
4,459
(18)
18
376
665
15,438
(18)
1,210
-1,654
6,079
18
32
<;:>
(18)
(18)
5,408
2,514
(.8)
(18)
I8
705
26
-12,268
1,362
n.a.
7,305
18
48
49
50
51
52
53
54
55
56
57
58
59
60
61
fi?
-19,372
6,724
3,118
-9,029
-1,676
-12,712
403
-8,351
18,984
-5,686
-3,989
-38,585
-532
-7,498
-13,932
-16,624
11,710
-5,656
63
-829
2,605
1,776
-2,961
-1,185
304
-881
-626
2,817
2,191
-3,481
-1,290
284
-1,006
2,773
2,688
5,461
-2,719
2,742
373
3,114
-2,772
925
-1,847
-3,294
-5,141
399
-4,742
2,464
3,143
5,607
-13,411
-7,804
877
-€,928
1,410
395
1,805
-1,229
576
200
776
698
35
733
-3,925
-3,192
198
-2,994
-217
1,745
1,528
-3,921
-2,394
270
-2,123
573
968
1,541
-4,336
-2,794
208
-2,586
2,075
473
2,548
-3,031
-483
359
-124
1
183
184
-3,469
-3,285
386
-2,898
917
2,540
3,457
6,535
9,991
736
10,727
3,699
852
4,551
2,477
7,028
155
7,183
142
48
190
2,111
2,301
169
2,470
-1,333
595
-738
896
158
225
384
-1,591
1,045
-546
1,050
504
186
690
59
1,481
1,540
363
1,903
150
2,052
-3,033
296
-2,737
313
-2,424
180
-2,245
64
65
66
67
68
69
70
Il6
• September 1993
SURVEY OF CURRENT BUSINESS
Table 10.—U.S. International
[Millions
Canada
Eastern Europe
(Credits +; debits - )
Line
l
1992
1993
1992
1992
1992
II
Exports of goods, services, and Income ..
7,113
1,668
1,569
1,760
2,117
2,180
117,993
29,551
Merchandise, adjusted, excluding military2
5,630
1,281
1,242
1,391
1,716
1,154
1,775
91,146
22,371
Services3
Transfers under U.S. military agency sales contracts 4
1,320
4
337
1
76
29
302
1
324
(*)
357
2
353
365
17,719
106
4,823
31
100
27
72
119
32
65
110
24
99
75
27
110
28
114
7,975
1,306
1,008
2,310
400
268
6
95
7
9
106
9
135
11
87
10
1,304
5,963
56
301
1,506
24
-23
47
45
-11
47
44
-2
46
102
-5
51
56
40
-5
44
9,128
2,933
6,178
17
2,357
799
1,549
Travel
Passenger fares
Other transportation
405
112
350
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services .
27
396
27
5
108
4
163
-62
50
-26
Income receipts on U.S. assets abroad .
Direct investment receipts
Other private receipts
U.S. Government receipts
Imports of goods, services, and Income ....
199
26
59
16
H
n
115
3
9
H
9
-3,393
-742
-854
-983
-815
-852
-1,308
-113,165
-26,100
n
-1,977
-481
-421
-555
-520
-594
-883
-100,871
-23,961
-1,204
-2
-211
-1
-379
-1
-370
-1
-244
(*)
-217
-373
-1
-8,532
-149
-1,594
-35
Travel
Passenger fares
Other transportation ,
-468
-121
-277
-39
-17
-75
-192
-37
-65
-177
-43
-65
-60
-24
-72
-31
-17
-74
-149
-39
-3,507
-275
-447
-44
-169
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services.
-5
-303
-28
-1
-72
-7
-1
-73
-10
-1
-77
-6
-1
-80
-6
-1
-86
-7
-1
-89
-6
-110
-3,595
-195
-25
-853
-21
-212
11
-68
-155
-50
2
-19
-33
-53
3
-18
-38
-58
3
-17
-44
-52
3
-14
-40
-41
4
-15
-30
-53
3
-16
-40
-3,762
60
-2,733
-1,089
-545
371
-665
-251
-1,300
-351
-320
-321
-309
-423
-300
-322
-93
-543
-31
-726
-155
-129
-8
-183
-127
-8
-132
-8
-186
-169
-221
-8
-194
-112
-8
-181
-405
84
-99
7
-1,782
-520
-562
-572
-128
-459
-8,677
-196
-199
-15
-18
-52
-51
Merchandise, adjusted, excluding military2
3
Services
Direct defense expenditures .
Income payments on foreign assets in the United States .
Direct investment payments
Other private payments
U.S. Government payments
Unilateral transfers, net
U.S. Government grants 4
U.S. Government pensions and other transfers .
Private remittances and other transfers6
U.S. assets abroad, net (increase/capital outflow (-))
n
U.S. official reserve assets, net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund ..
Foreign currencies
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net .
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns .
U.S. claims reported by U.S. banks, not included elsewhere
Foreign assets In the United States, net (increase/capital Inflow (+))
1
24
228
-257
-115
-5
n.a.
-137
-8,739
-3,257
-6,543
2,343
-1,282
73
-965
-332
1,205
164
-155
-764
1,211
1,200
-1,438
(18)
511
-432
849
87
(.8)
(18)
(18)
(18)
(18)
P!
H
PI
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
rf
(18)
69
73
-6
(18)
2
(18)
(18)
(18)
(18)
n
18
38
25
284
31
294
1
-151
2
-74
3
-50
123
1,075
(18)
-263
-573
-118
-191
-12
-252
-509
-159
-8
10
-352
(18)
-202
-50
1
-505
-45
3
13
-476
n
-265
-3
-1
-1,586
-397
-193
-39
-957
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
Other U.S. Government liabilities11
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
-130
-130
31
967
44
18
18
174
-33
118
18
(18)
37
4
13
-173
PI
<11
-798
18
n
()
51
(17)
(18)
(18)
(18)
( 17 )
9
-2,144
2
n.a.
1,198
-1,006
-888
(")
1,480
470
753
145
(18)
-4
18
7
(17)
07)
Allocations of special drawing rights
Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above items
with sign reversed)
-1,713
-349
-683
Memoranda:
Balance on merchandise trade (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 64 and 65)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 66 and 67) l
Unilateral transfers, net (line 29)
Balance on current account (lines 1,15, and 29 or lines 68 and 69) 1 3
3,653
116
3,769
-49
3,720
-1,300
2,420
800
126
821
-77
744
-29
715
-320
396
See footnotes on page 113.
926
D
926
-351
575
836
-46
790
-13
777
-321
456
-710
411
-1,323
2,970
-2,020
1,196
113
560
136
696
61
757
-423
334
892
-7
885
-13
871
-300
571
-9,725
9,188
-537
5,366
4,829
-322
4,507
-1,590
3,229
1,639
1,812
3,451
-93
3,359
1,309
—7
1,302
-309
993
September 1993
SURVEY OF CURRENT BUSINESS
•
UJ
Transactions, by Area—Continued
of dollars]
Canada
1993
1992
I'
\\p
1992
1993
1992
IV
III
Japan
Latin America and Other Western Hemisphere
1992
1993
1992
1
II
III
IV
\r
II*
32,186
33,051
31,513
32,410
Line
1
II
ill
IV
I'
\\P
80,815
21,419
19,344
20,436
19,617
19,835
20,235
1
12,200
11,202
11,753
11,719
11,757
11.879
2
3
4
5
6
7
28,488
28,788
30,728
33,717
127,688
30,710
31,742
21.852
22,816
23,933
26,604
75,379
17,712
19,148
18,843
19,676
18,776
19.995
46,874
4,437
28
3,914
22
4,422
37
4,326
93
26,693
322
6,089
71
6,373
97
7,074
93
7.157
61
6,638
66
6,482
63
26,085
327
7.015
108
6,257
76
6,880
72
5.932
71
6,360
91
2,045
301
251
1,399
305
244
1,994
322
231
2,024
253
229
12,644
2.735
3.321
2,738
538
809
2,978
628
857
3,441
836
810
3.487
732
845
2,949
652
822
2,954
674
837
9,160
4,559
2,778
2,470
1,276
733
2,258
1,116
673
2,557
1,245
697
1.874
923
675
1,999
1,099
733
6,786
113
2,280
1,279
760
336
1,459
18
347
1,585
12
310
1,515
12
346
1.367
14
764
6.770
137
166
1.733
34
171
1.607
36
184
1,676
34
245
1,755
32
210
1,910
29
228
1,693
34
3,544
5,603
114
855
1,570
3
875
1,244
17
867
1,349
92
946
1,440
3
906
1,531
2
961
1,392
2
8
9
10
2.199
806
1,385
8
2,058
415
1,643
(*)
2,373
937
1,429
7
2.787
1,154
1,633
25,617
12.302
12,095
1220
6,909
2,979
3,671
259
6.221
2,853
3,206
162
6,269
3,145
2,785
339
6,218
3,325
2,433
460
6,099
3,472
2,478
149
5.933
3,460
2,272
200
7,857
2,043
5.008
806
2,204
475
1,533
195
1,884
383
1,238
264
1,804
529
1,124
150
1,965
656
1,113
196
1,718
511
1,037
170
1,570
377
1,035
158
11
12
13
14
-28,476
-28,995
-29,524
-33,279
-100,720
-27,007
-27,989
-27,336
-28,388
-27,645
-28,501
-124,196
-29,342
-29,705
-31,007
-34,142
-31,204
-32,847
15
-24,313
-26,382
-27,097
-29.709
-69,179
-15,958
-17,417
-17,708
-18,096
-17,572
-19,083
-97.387
-23,460
-22,669
-24,584
-26,674
-25,338
-25,598
16
-2,839
-40
-1,814
-33
-1,721
-29
-2,190
-26
-5,868
-112
-5,883
-80
-5,991
-83
-5.620
-105
-13,510
-1,144
-3,319
-358
-3,160
-254
-3,575
-229
-3,456
-303
-3,345
-290
-3,606
-225
17
18
-527
-55
-181
-427
-36
-161
-918
-62
-162
-3,347
-565
-514
-5,513
-110
-3,022
-489
-547
-5,262
-112
-1,573
-104
-172
-22.525
-413
-12,674
-2,101
-2.031
-2,935
-475
-494
-3,370
-571
-476
-3,493
-590
-520
-3,083
-509
-554
-3,160
-558
-4.579
-621
-113
-1,221
-726
-149
-1,028
-1,014
-129
-1,192
-799
-167
-1,138
-695
-118
-1,176
-906
-166
-1.182
19
20
21
-22
-868
-60
-33
-952
-34
-18
-1,009
-42
-20
-957
-44
-35
-4.916
-355
-6
-1,227
-97
-7
-1,254
-83
-7
-1.153
-86
-15
-1.282
-89
-27
-1,202
-76
-21
-1,260
-89
-765
-3,237
-67
-197
-799
-11
-194
-784
-26
-189
-805
-17
-186
-850
-13
-231
-822
-13
-221
-889
-16
22
23
24
-1,325
-380
-634
-311
-799
163
-708
-254
-706
216
-629
-293
-1.380
-304
-688
-388
-19.016
-350
-14,370
-4.296
-5,181
100
-4.256
-1,025
-5,059
-112
-3,830
-1,117
^,367
30
-3.288
-1,109
-4,410
-369
-2,996
-1,045
-4,082
68
-3.069
-1.081
-3,798
118
-2,856
-1,060
-13,299
1,794
-5,803
-9,289
-2,562
1,246
-1,467
-2,341
-3,876
-64
-1,536
-2,276
-2,848
716
-1,257
-2,307
-4,012
-104
-1,543
-2,365
-2,520
1.034
-1,196
-2,358
-3.643
193
-1,363
-2,473
25
26
27
28
-87
-70
-91
-68
-8,611
-2,289
-2,052
-2,066
-2,204
-2,497
-2,157
-161
-70
-26
-55
-10
-73
-10
29
-708
-128
-1,454
-446
-180
-1,425
-425
-157
-1,483
-490
-256
-1,459
-847
-135
-1,514
-502
-184
-1,471
30
-43
-148
3
-11
-62
-11
-16
n
-11
-44
27
-11
-25
-11
1
30
31
32
-11,642
11,892
28,743
-9,028
5,526
-8,367
14,944
21,553
8,579
-25,272
-995
-389
-272
-136
-272
-136
-102
15
-5,481
-102
32
-104
14
-106
38
-2.069
-721
-5,822
1,971
-14,687
-1,135
19,964
n
-1
-995
-389
-71
-843
724
48
-36
-424
394
-6
-7
-1,141
829
305
-355
-1,621
1.260
6
764
-544
1,309
-1
198
-217
419
-4
2
-2
n
1
n
10,085
-11
-62
3,932
6,023
33
-197
-160
1,106
-197
-160
1.106
34
36
36
37
3R
2
22
-1
-1
-468
-4,028
3,207
353
2
-2
1
2
22
-1
39
40
41
42
-5,507
-531
-2,197
-1.304
-1,475
1,971
-1,089
-1,573
2.886
1,746
-14.713
-789
-8.178
-999
-4,747
-1,134
-1,494
-2,038
n.a.
2,398
20,433
-13,673
-1,060
704
34,462
-11.571
-5,021
-375
939
-7,114
11,928
-2,026
-2,652
1.799
14,806
28,749
-2.513
1,926
-1,124
30,460
-8,673
-4.114
41
-910
-3.690
4,762
-4,625
144
-138
9,381
-8,564
-4.269
818
n.a.
-5.113
15,937
-867
-3,557
-268
20.629
21,943
-613
135
101
22,320
8,850
-541
-249
-336
9.976
-25,136
-219
-4,706
224
-20,435
10,280
506
1,263
-257
8,768
4.070
-337
-2,076
-2,679
9.162
4,917
-788
1,049
n.a.
4,656
43
44
45
46
47
1,732
-1,890
8,436
-2,043
-19,760
6,319
-3,024
-23,869
815
7,138
-5,827
16,349
-15,027
-2,510
31,121
2,764
6,657
8,257
-2,271
(17)
(")
(17)
5
921
1.397
(18)
(18)
<::>
(.8)
(17)
(17)
-1.082
(17)
13
(17)
(17)
26
19
6
(17)
(17)
4,003
279
(17)
-208
114
(n)
n
28
(17)
(17)
-2,810
-1,271
(17)
346
24
(17)
26
20
6
(18)
(18)
(18)
(18)
(17)
(17)
(18)
(18)
(18)
(.8)
(18)
(18)
(18)
(18)
(18)
<;:>
(18)
(18)
(18)
(18)
(18)
13
-14
-23
(17)
(17)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
7,039
132
(18)
(IS)
(18)
(18)
(18)
(18)
841
-254
1.239
1,660
(18)
(18)
-9
(17)
-307
284
(17)
-53
-961
1,162
(17)
101
n.a.
(17)
-29
l8
11,174
-672
-31.074
10
3,581
8
2,973
18
-2
(.8)
18
2,028
-559
-5.730
18
1,876
-153
-27,239
(18)
(.8)
3,689
32
-1,078
l8
2,091
-48
3,749
18
-101
413
(18)
(18)
(18)
(18)
(18)
565
-61
(18)
(18)
(18)
(18)
(18)
i
(!))
P! R
-32
-1,805
(18)
8
(18)
(18)
(18)
(18)
(*)
)
8
8
(18)
(18)
(18)
(18)
(.8)
(18)
(18)
3,015
3,960
-665
451
1,446
2,730
(18)
(18)
(18)
(18)
(18)
4,351
n.a.
-13,161
18
-4,052
630
15,397
18
-3,742
-166
-10,353
l8
18
1,050
-71
-3,949
18
-2,768
943
30,935
-76
-1,236
18
(18)
(.8)
(18)
(.8)
J3
(.8)
(1.)
(18)
-449
598
(18)
(18)
481
232
6,494
18
2,931
n.a.
is4f8i4
48
49
50
51
52
53
54
55
56
57
58
59
60
61
fi?
3,824
196
5,137
2,808
-8,561
3,910
-10,568
-7,657
5,754
-14,035
12,443
12,248
1,467
4,319
4,777
1,686
853
-1,657
63
-2.461
1,598
-863
875
12
-87
-75
-3,566
2,099
-1,467
1,259
-208
-70
-277
-3.164
2,701
-464
1,667
1,204
-91
1,113
-3,105
2.136
-969
1,407
438
-68
370
6,200
4,168
10.368
6,600
16,727
-8.611
8,357
1,754
221
1,975
1.728
3,703
-2,289
1,414
1,731
860
2.591
1.162
3,753
-2,052
1,701
1,135
1,812
2,947
1.903
4,609
-2.066
2,784
1,580
1,275
2,855
1.808
4,662
-2,204
2,458
1,204
647
1,851
2,017
3.868
-2,497
1.371
912
862
1,774
2,134
3,908
-2,157
1,751
-50,513
12,575
-37,938
-5,442
-43,380
-161
-43,541
-11,260
3,696
-7,564
-359
-7,923
-70
-7,992
-11,467
3.097
-8,370
-1,992
-10,362
-26
-10,388
-12,831
3,305
-9,526
-1,044
-10,571
-55
-10,626
-14,955
2,477
-12,478
-2,047
-14,525
-10
-14,535
-13.581
3.014
-10,567
-802
-11,369
-73
-11,442
-13.719
3,181
-10,539
-2,074
-12.612
-10
-12,622
64
65
66
67
68
69
70
Il8
•
SURVEY OF CURRENT BUSINESS
September 1993
Table 10.—U.S. Internationa!
[Millions
Australia
(Credits +; debits - ) l
Line
1992
1993
1992
15,254
3,167
3,775
3,825
4,487
3,437
Merchandise, adjusted, excluding military2
8,697
1,812
2,205
2,156
2,524
1,930
Services3
Transfers under U.S. military agency sales contracts4 .
3,620
175
810
53
898
22
975
47
937
54
859
49
1,180
659
301
246
133
72
305
186
73
349
182
78
281
158
79
260
137
70
451
95
211
1
112
118
201
126
239
(*)
104
238
2
545
341
204
672
694
478
194
1
509
185
(*)
1,027
840
186
647
456
191
-1,554
-1,535
Exports of goods, services, and income
Travel
Passenger fares
Other transportation .
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services .
851
4
Income receipts on U.S. assets abroad ,
Direct investment receipts
Other private receipts
U.S. Government receipts
imports of goods, services, and income
2,937
2,167
769
1
H
-6,263
199
2
1
H
n
-1,475
-1,362
Merchandise, adjusted, excluding military2
-3,673
-939
-960
-893
-881
-793
Services3
Direct defense expenditures ...,
-2,365
-53
-655
-16
-552
-17
-544
-14
-613
-6
-636
-12
Travel
Passenger fares
Other transportation
-816
-307
-753
-231
-91
-207
-179
-68
-181
-192
-62
-179
-214
-86
-186
-222
-96
-194
Royalties and license fees 5
Other private services5
U.S. Government miscellaneous services .
-60
-333
-42
-8
-83
-18
-13
-87
-9
-17
-74
-6
-22
-90
-9
-12
-84
-17
-225
178
-104
23
-38
-41
74
-50
-65
-98
-15
-36
-47
19
97
-44
-34
68
129
-30
-31
-81
-28
-15
-21
-18
-24
-25
-56
-6
-22
-6
-14
-6
-11
-7
-17
-1,548
-478
263
-1,335
-2,614
18
2
1
3
1
-2
-1,568
-407
162
41
196
264
-556
372
-39
487
-1,343
-285
-723
28
-363
-2,617
-524
-173
-122
289
-482
-88
-365
2
-31
-5,072
-2,573
-127
-1,407
-965
283
(18)
(18)
(18)
(18)
(IS)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
41
-11
-11
17
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
Income payments on foreign assets in the United States .
Direct investment payments
Other private payments
U.S. Government payments
-168
-235
Unilateral transfers, n e t .
U.S. Government grants 4
U.S. Government pensions and other transfers .
Private remittances and other transfers6
U.S. assets abroad, net (increase/capital outflow (-))
U.S. official reserve assets, net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund ...,
Foreign currencies
20
U.S. Government assets, other than official reserve assets, net
U.S. credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns .
U.S. claims reported by U.S. banks, not included elsewhere
Foreign assets in the United States, net (increase/capital inflow (+))
-1,335
-554
32
(18)
(18)
(18)
(18)
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities9
Other 10
Other U.S. Government liabilities11
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
;
24
(18)
(18)
18
(18)
(18)
(18)
663
(18)
976
(18)
-306
(18)
266
-142
-3,714
i8424
-2,291
1,610
-2,081
-1,125
5,024
1,255
6,279
2,713
8,991
-81
8,911
873
155
1,028
1,245
346
1,263
431
1,694
596
62
-494
-5,327
18
-206
-28
-9
(18)
15
-241
1
2
n
18
(IS)
2
(18)
-13
-83
-876
-1,798
(18)
-159
(18)
l8
318
Allocations of special drawing rights
Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above items with sign reversed) .
Memoranda:
Balance on merchandise trade (lines 2 and 16)
Balance on services (lines 3 and 17)
Balance on goods and services (lines 64 and 65)
Balance on investment income (lines 11 and 25)
Balance on goods, services, and income (lines 1 and 15 or lines 66 and 67) 1 3
Unilateral transfers, net (line 29)
Balance on current account (lines 1,15, and 29 or lines 68 and 69) 1 3
See footnotes on page 113.
441
1,469
-28
1,441
1,591
631
2,221
-15
2,207
280
2,289
-21
1,643
324
1,967
1,046
3,012
-18
1,137
223
1,360
715
2,075
-24
2,269
2,994
2,051
September 1993
SURVEY OF CURRENT BUSINESS
•
119
Transactions, by Area—Continued
of dollars]
International organizations and unallocated 16
Other countries in Asia and Africa
1992
1992
I
II
1993
1992
1992
\r
IV
ill
I
II*
147,020
34,803
36,292
36,617
39,307
37,862
38,404
10,652
97 869
22 716
24 485
23 437
27 231
24 884
26 074
89
35,209
7 447
8,826
1 962
8,384
1,828
9,549
1 830
8,451
1 827
9,551
1 930
8,927
1 922
4,834
5,370
1,528
6,104
1,053
311
1,405
1,397
401
1,522
1,790
483
1,626
1,130
333
1,552
1,248
369
1,619
1,488
459
1,640
1,533
12,906
321
363
3,672
59
376
2,787
74
375
3,325
121
420
3,122
67
360
3,989
37
401
2,954
63
1
3,261
2,073
864
325
3,423
2,281
859
284
3,631
2,455
790
386
3,626
2,533
787
305
3,427
2,304
859
264
3,403
2,378
824
201
5,729
-537
5,588
677
-3,614
3,942
9,342
3,300
1,300
-184,833
-40,965
-44,772
-50,537
-48,559
-45,706
-48,885
-151 902
-33 095
-36 482
-42 165
-40 160
-37 408
-40 285
-19,980
-2161
-4,657
-594
-4,981
-637
-5,169
-482
-5,172
-448
-5,013
-481
-5,291
-471
-6,026
-2,125
-5,654
-1,363
-505
-1,239
-1,568
-469
-1,336
-1,572
-547
-1,560
-1,523
-604
-1,520
-1,439
-524
-1,515
-56
-3,332
-626
-14
-805
-139
-14
-798
-160
-13
-822
-173
-16
-908
-154
-12,951
488
-4,594
-8,845
-3,213
113
-1,162
-2,164
-3,309
123
-1,213
-2,219
-3,203
67
-1,061
-2,209
-14,132
-2,639
-3,146
-10,072
-357
-3,703
-1,376
-82
-1,181
-2,291
-93
-762
-18,331
-6,645
-1,334
II
Line
1993
III
\r
IV
II*
2,725
2,634
88
1
1,092
1,211
1,242
1,288
1,195
1,443
305
311
405
422
301
298
1,060
2,236
94
250
537
257
551
93
264
573
247
647
270
594
O
290
576
1
n
n
1,252
-279
1,359
172
1,426
-182
1,438
169
1,391
-147
1,365
173
1,660
71
1,426
163
1,349
-145
1,353
140
1,540
-138
1,465
212
-746
-750
-1,073
-1,045
-1,065
-1,132
2,345
n
2,948
2,543
2,703
1
2
1,163
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
-2,458
-605
-520
-724
-609
-548
-559
-1,660
-509
-1,563
-1,473
-336
-328
-405
-404
-343
-346
-14
-892
-148
-14
-917
-157
-447
-537
-1
-144
-125
-59
-131
-1
-181
-137
-62
-143
-60
-144
-60
-152
22
23
24
-3,225
185
-1,158
-2,253
-3,286
85
-1,142
-2,229
-3,309
29
-1,183
-2,155
-1,156
841
-1,719
-278
-141
342
-423
-60
-230
257
^46
-41
-350
163
-425
-87
-436
79
-425
-90
-517
-18
-421
-78
-573
1
-494
-80
25
26
27
28
-2,589
-5,759
-2,684
-2,391
-8,132
-1,720
-1,982
-1,969
-2,460
-1,719
-1,942
29
-1,599
-92
-899
-4,807
-90
-861
-1,542
-94
-1,048
-1,514
-91
-786
-1,041
-1,091
-6,001
-206
-79
-1,435
-207
-262
-1,513
-396
-182
-1,392
-231
-568
-1,660
-346
-72
-1,301
-157
-268
-1,517
30
31
32
-5,389
-4,962
-867
-2,677
5,189
655
2,363
2,211
-40
644
1,979
33
-376
-61
-167
-291
144
-368
45
34
2,316
-2,692
-172
111
-168
1
-173
-118
2,829
-2,685
-140
-228
-166
211
36
37
19
20
21
-285
-1,433
1,647
-499
-42
-289
415
-168
-184
-513
475
-147
-103
-352
368
-120
44
-279
388
-65
133
-114
334
-87
156
-147
350
-48
-954
-954
-232
-232
-174
-174
-255
-255
-292
-292
-181
-181
-195
-195
39
40
41
42
-18,045
-4,397
-2,723
235
-11,160
-6,603
-1,247
-1,056
145
-4,445
-1,150
-1,434
-518
-4
806
-5,286
-1,320
-423
244
-3,787
-5,007
-397
-726
-150
-3,734
-1,000
-1,504
87
-373
790
-2,833
-1,792
-2,108
n.a.
1,067
6,518
2,148
3,038
9
1,323
949
444
567
2
-64
2,704
586
1,686
9
423
2,758
410
506
—8
1,850
108
709
279
6
-886
1,193
398
-972
4
1,763
2,130
308
483
n.a.
1,339
43
44
45
46
47
39,326
14,017
11,062
6,295
7,952
3,848
-342
1,674
2,750
2,155
-1,598
-1,633
-859
-672
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(^
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
n
n
n
n
n
214
718
421
n
(*)
(*)
n
n
(18)
(18)
(18)
(18)
(18)
(18)
-1,633
-132
(18)
(18)
(
(
(
(18)
I
h
1,615
77
(.8)
(18)
(18)
C)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
59
109
526
-389
-186
-293
563
1,674
-1,010
2,750
-375
2,155
-294
-1,598
-209
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
9,089
837
27,726
18
6
(06
( »!
8
743
685
12,404
l8
3,151
709
6,070
18
3,251
56
3,163
18
1,944
-613
6,089
18
1,430
132
2,832
18
4,029
n.a.
-5,355
18
509
183
1,992
-40
58
3,107
501
-22
1,970
-161
69
-1,297
-672
-32
-859
-72
(18)
(18)
209
78
-1,788
48
49
50
51
52
53
54
55
-329
78
-536
(18)
-31
n.a.
-609
56
57
58
59
60
61
18
l8
l8
-3,284
-4,511
-204
2,230
455
-937
63
487
487
1,112
1,599
-1,720
-121
88
692
780
1.196
1,975
-1,982
-7
1
519
520
1,041
1,561
-1,969
-409
679
679
1,224
1,903
-2,460
-557
647
647
832
1,479
-1,719
-241
604
604
967
1,571
-1.942
-371
64
65
66
67
68
69
70
18
18
18
18
62
30,950
1,429
1,898
15,603
12,020
7,547
15,892
-5,770
-54,033
15,230
-38,803
990
-373813
-14,132
-51,945
-10,379
4,169
-6,211
48
--6,163
-2,639
-8,801
-11,997
3,403
-8,594
114
-8,480
-3,146
-11,625
-18,728
4,380
-14,348
428
-13,919
-2,589
-16,509
-12,929
3,278
-9,651
400
-9,251
-5,759
-15,010
-12,524
4,538
-7,986
141
-7,844
-2,684
-10,528
-14,211
3,636
-10,575
94
-10,482
-2,391
-12,873
89
2,377
2,466
4,572
7,038
-8,132
-1,094
SURVEY OF CURRENT BUSINESS
120
September 1993
U.S. International Sales and Purchases
of Private Services
• U.S. Cross-Border Transactions, 1989-92
• Sales by Affiliates, 1990-91
By John A. Sondheimer and Sylvia E. Bargas
HIS ARTICLE presents detailed estimates of
U.S. international sales and purchases of
private services. The estimates cover services
delivered either through cross-border (balance
of payments) transactions or through sales by
majority-owned affiliates.1 For cross-border services transactions, this article provides preliminary
estimates for 1992 and revised estimates for 198991; in addition, a summary of cross-border
transactions for selected areas and countries has
been added to table 2. For sales of services by affiliates, the article provides preliminary estimates
for 1991 and revised estimates for 1990.
In 1991, the latest year for which information
on both types of transactions is available, a majority of U.S. sales of private services to foreigners
were in the form of cross-border transactions; in
that year, U.S. receipts from cross-border sales
of services totaled $153.0 billion, compared with
$133.5 billion in sales abroad by majority-owned
foreign affiliates of U.S. companies (MOFA'S) (table 1). In contrast, a majority of U.S. purchases
of services from foreigners was in the form of
T
1. Estimates of both types of transactions were first presented in this
format in "U.S. International Sales and Purchases of Services," SURVEY OF
CURRENT BUSINESS 70 (September 1990): 37-72. A number of formal frameworks for the analysis of international sales and purchases of services (and
goods) have been proposed in recent years. These frameworks are based on
the concept of ownership and can be viewed as supplements to the conventional residency-based balance of payments accounts. In a forthcoming issue
of the SURVEY, these proposals will be reviewed, and an experimental set of
ownership-based accounts will be constructed using available data and BEA
estimates of missing items.
sales by majority-owned U.S. affiliates of foreign
companies (MOUSA'S); in 1991, these sales totaled
$119.0 billion, compared with $99.9 billion in U.S.
payments for cross-border purchases of services.
These patterns have held since at least 1989,
the earliest year for which comparable data on
sales of services by MOFA'S and MOUSA'S are
available. However, the patterns for individual
types of services are quite diverse: Some services,
such as travel and transportation, are inherently
cross-border in nature, whereas other services,
including many business, professional, and technical services, usually must be delivered through
affiliates because of the need for close and continuing contact between service providers and
their customers. If services that are inherently
cross-border in nature were excluded, transactions through affiliates would exceed cross-border
transactions for U.S. sales as well as purchases of
services.
The United States ran a surplus both on crossborder transactions and on transactions through
affiliates in 1991. The surplus on cross-border
transactions was $53.2 billion; it widened to $60.6
billion in 1992, in contrast to a deficit of $96.1
billion on U.S. merchandise trade. In 1991, sales
of services abroad by MOFA'S were $14.4 billion
larger than sales of services in the United States
by MOUSA'S. Since 1989, the difference between
the two sales totals has widened somewhat, as
Table 1.—Delivery of Services to Foreign and U.S. Markets Through Cross-Border Transactions and Through
Sales by Affiliates
[Millions of dollars]
1987
1988
1989
1990
1991
1992
U.S. cross-border (balance of payments) transactions:
U.S. sales (exports)
U.S. purchases (imports)
76,990
64,426
86,183
73,397
100,034
80,327
117,664
84,751
137,936
98,201
153,025
167,826
107,243
Sales by nonbank majority-owned affiliates:
Sales to foreign persons by foreign affiliates of U.S. companies!
Sales to U.S. persons by U.S. affiliates of foreign companies
72,849
n.a.
87,011
62,553
100,813
73,165
99,226
94,169
121,259
109,169
133,462
119,034
n.a.
n.a.
n.a. Not available.
1. Due to definitional and methodological improvements made in connection with the 1989
benchmark survey of U.S. direct investment abroad, the figures shown in this line for 1989 forward
are not comparable to the figures shown for 1986-88. If the 1989 figure were placed on the
same basis as the figures for 1986-88, sales in 1989 would have been $119,296 million. The
primary reason for the difference is the exclusion, beginning in 1989, from sales of services of
investment income of affiliates in finance and insurance.
SURVEY OF CURRENT BUSINESS
sales of services abroad by MOFA'S have increased
at an annual rate of 16 percent, compared with a
12-percent rate for sales of services in the United
States by MOUSA'S.
U.S. Cross-Border
(Balance of Payments) Transactions
In 1992, U.S. cross-border receipts (exports) for
sales of private services continued to increase
faster than U.S. cross-border payments (imports)
for purchases of private services (table 2). The
surplus on these transactions increased to $60.6
billion from $53.2 billion in 1991, continuing a
trend since 1987 of sharp annual increases in the
surplus (chart 1). Except for "other transportation" services, the surpluses in every component
showed large increases during 1987-92. Similarly,
the increasing surplus was evident in the balances
by major areas and countries (chart 2).
Major developments in 1992
Receipts on travel and passenger fares increased
$7.0 billion, or 11 percent, to $71.2 billion in 1992.
Payments increased $5.5 billion, or 12 percent,
to $50.8 billion. From 1986 to 1992, the average annual growth in receipts was nearly three
times faster than that in payments. The faster
growth in receipts was mostly due to sharp increases in receipts from areas other than Canada
and Mexico.
Receipts on "other transportation" services increased S0.4 billion, or 2 percent, to $22.8 billion
in 1992. Payments increased $0.2 billion, or 1 percent, to $23.5 billion. From 1986 to 1992, receipts
September 1993
and payments increased at similar rates—about 6
percent per year. The 1986-92 increase in receipts
was in both freight and port services, reflecting
moderate growth in export volumes and in the
number of foreign airlines flying to U.S. ports.
The 1986-92 increase in payments was almost
solely due to growth in port services, specifically
air port services, reflecting aggressive expansion
overseas by U.S. airlines.
Receipts on royalties and license fees increased
$1.8 billion, or 10 percent, to $20.2 billion in 1992.
Payments increased $0.8 billion, or 19 percent,
to $5.0 billion. Since 1986, receipts have grown
at an annual rate of 17 percent, and payments
have grown at an annual rate of 23 percent. The
1986-92 growth in receipts was due mainly to an
increase in receipts from affiliated foreign companies, including both foreign affiliates of U.S.
parents and foreign parents of U.S. companies;
by area, most of the growth was in receipts from
affiliated companies in Western Europe, Canada,
and Japan. The 1986-92 growth in payments was
due mainly to an increase in payments to affiliated foreign companies in Western Europe and
Japan.
Receipts on other private services increased
$5.6 billion, or 12 percent, to $53.6 billion in
1992.
Payments increased $1.0 billion, or 4
percent, to $28.0 billion. From 1986 to 1992, receipts and payments increased at similar rates.
About one-third of the 1986-92 increase in receipts was accounted for by transactions with
affiliated foreign companies. The rest of the increase was accounted for by transactions with
CHART 2
CHART 1
Balance on Private Services by Component
Bllllon$
Billion $
70
60
50
Balance on Private Services
by Selected Areas
70
— Total
- - Travel and Passenger Fares
— Other Transportation
— - Royalties and License Fees
— Other Private Services
60
50
40
40
30
30
20
20
10
10
0
0
-10
—
—
—
—
All Countries
- Western Europe
- Canada
Latin America and
Other Western Hemisphere
— Other Countries
•10_
1986
1987
1988
1989
1990
US. Department of Commerce, Bureau of Economic Analysis
1991
1992
1986
1987
1988
1989
1990
US. Departrart of Commerce. Bureau of Economic Analysis
1991
1992
•
121
122 • September 1993
SURVEY OF CURRENT BUSINESS
Table 2.—Private Services Transactions, 1986-92
[Millions of dollars]
Imports
Exports
1986
1989
1987
1990 1991
19921986
1987
1988
1989
1990
1991
64,428 73,397 80,327 84,751
98,201
99,869
48,384
34,518
8,499
5,367
15,854
22,326
7,334
13,956
1,036
53,861 25,913 29,310 32,114 33,418
40,064 | 20,311 23,313 25,260 25,746
7,975 3,034 2,939 3,232 3,396
5,822 2,568 3,058 3,622 4,276
17,353 6,505 7,283 7,729 8,248
22,773 16,715 17,788 19,534 20,659
7,251 10,786 10,724 11,712 11,705
14,410 5,254 6,392 7,099 8,176
674
1,112
724
778
673
37,349
28,929
3,541
4,879
10,530
23,401
12,586
9,920
895
35,322
26,506
3,705
5,111
10,012
23,297
11,947
10,421
929
18,479
20,238
16,106
15,387
719
4,132
2,597
1,535
3,168
2,238
271
1,967
929
665
264
4,203
3,079
224
2,855
1,124
806
318
17,172 18,365 19,898 23,754
5,200 5,853 7,911 9,740
2,893 3,271 4,783 5,956
2,307 2,582 3,128 3,784
11,972 12,512 11,987 14,014
658
452
539
586
2,077 1,656 2,056 2,475
3,241 2,628
823 1,910
8,538 8,954 9,909 10,222
5,297 6,326 9,086 8,312
3,736 4,576 5,172 5,583
1,891
1,319 1.848 1,971
243
188
228
128
107
44
74
46
39
54
31
25
182
210
114
133
67
73
135
143
98
111
56
81
307
170
443
163
133
74
103
53
616
714
496
704
107
94
109
135
31
37
22
57
4
7
2
9
8
9
2
0
0
0
n.a.
n.a.
n.a.
n.a.
10
7
10
5
40
25
54
48
10
9
13
17
n.a.
n.a.
n.a.
n.a.
1,147 1,264 1,379 1,497
27,035
10,166
5,770
4,396
16,868
737
2,668
2,450
11,069
8,619
6,639
2,801
294
120
52
251
276
252
270
30
578
678
88
22
38
13
n.a.
14
80
76
347
By type
Total private services
Travel
Overseas
Canada
Mexico
Passenger fares
Other transportation .
Freight
Port services
Other
Royalties and license fees
Affiliated
U.S. parents' transactions .
U.S. affiliates' transactions
Unaffiliated
Industrial processes
Other
76,990 86,183 100,034 117,664 137,936 153,025 167,826
23,563
18,044
3,309
2,210
7,003
17,334
5,068
11,575
692
29,434
22,314
4,150
2,970
8,976
19,456
5,904
12,820
732
36,250
26,939
5,385
7,927
5,988
5,808
180
1,939
9,914
7,629
7,400
11,802
9,156
8,893
263
2,645
1,962
683
13,818
10,962
10,613
349
2,857
2,051
17,069
13,685
13,302
383
3,384
2,333
1,051
30,366
9,123
6,363
2,760
21,243
4,142
3,831
1,039
3,941
2,902
2,196
5,427
145
36,450
12,296
9,117
3,179
40,608
24,154
4,575
5,036
468
26,102
5,126
4,417
4,136
3,668
2,519
6,152
145
1,198
978
205
375
300
n.a.
n.a.
Other private services
Affiliated
U.S. parents' transactions
U.S. affiliates' transactions
Unaffiliated
Education
Financial services
Insurance, net
,
Premiums
Losses
Telecommunications
Business, professional, and technical services
Advertising
Computer and data processing services
Data base and other information services
Research, development, and testing services
Management, consulting, and public relations services
Legal services
Construction, engineering, architectural, and mining services ..
Industrial engineering
Installation, maintenance, and repair of equipment
Other
Accounting, auditing, and bookkeeping services
Agricultural services
Mailing, reproduction, and commercial art
Management of health care facilities
Medical services
Personnel supply services
Sports and performing arts
Training services
Miscellaneous disbursements
Other unaffiliated services1
43,007
30,806
7,093
5,108
15,298
21,954
20,385
15,650
2,701
2,034
5,582
15,784
4,651
10,574
559
229
2,285
1,678
608
27,312 28,369
8,183 8,176
5,375 5,340
2,808 2,836
19,129 20,193
3,495 3,821
3,301 3,731
1,794
1,970
4,414 3,972
2,444 2,178
1,827 2,111
4,428 4,280
94
109
985
649
124
133
177
282
327
306
97
759
147
(D)
32
73
n.a.
668
304
1,087
680
27
7
22
0
516
38
11
60
n.a.
4,108
4,456
98
1,033
649
21
4
(D)
490
3,926
10,613
20,533
6,340
13,318
876
7,272
13,662
1,020
14,506
10,416
4,090
751
54
n.a.
43
109
n.a.
4,843
4,092
2,735
6,951
130
1,031
283
384
354
451
867
473
2,031
947
119
4
8
0
630
1
47
138
n.a.
4,608
5,404
6,122
196
231
344
272
790
278
1,276
697
37
4
29
(!
397
939
219
1,717
878
124
3
9
0
588
2
14,772
14,196
576
3,707
2,449
1,258
47,982
15,363
10,522
4,841
32,619
5,683
4,976
1,028
5,037
4,009
3,316
11,261
249
1,744
442
603
890
1,295
1,493
594
2,328
1,623
168
56
18
22
672
160
73
350
104
6,355
1,392 1,844
908 1,296
109
155
799 1,141
484
547
n.a. 459
n.a.
53,601
17,619
10,958
6,661
35,982
6,140
5,447
1,069
5,523
4,454
3,306
12,678
301
2,029
592
659
781
1,418
2,051
424
2,837
1,587
168
58
14
24
717
127
49
337
93
13,901
3,875
2,351
1,524
10,026
433
1,769
2,201
7,217
5,016
3,253
1,253
11
32
23
76
60
40
301
7!
467
99
29
5
12
0
n.a.
25
21
7
n.a.
7,342 1,117
2,585
1,410
126
1,285
1,175
525
650
2,528
1,704
72
1,632
824
612
212
1,574
By area and country
All countries ...
76,990 86,183 100,034 117,664 137,936 153,025
167,826
64,426 73,397 80,327 84,751
9,403
10,445
13,164
15,771
17,507
17,556
5,357 5,688
25,010 30,317
35,700
42,041
49,287
54,829
62,772
24,087 28,226
24,685 29,977
20,763 25,227
1,040
1,020
2,901 3,648
4,065 5,258
1,879 2,169
1,907 2,080
6,429 8,265
2,542 2,787
3,922 4,750
325
340
35,250
29,295
1,198
3,860
5,934
2,481
2,414
9,916
3,492
5,955
450
41,301
34,629
1,490
4,671
6,255
2,714
2,591
12,489
4,419
6,672
740
48,284
40,056
1,831
5,634
7,606
3,352
3,309
13,243
5,081
8,228
1,003
53,647
45,21
2,010
6,272
9,055
3,768
3,601
14,528
5,981
8,432
1,182
61,482
52,421
2,361
7,074
10,867
4,479
3,799
16,836
7,005
9,061
1,290
23,742
20,360
594
2,256
3,977
2,254
1,013
7,536
2,730
3,382
345
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
13,540 13,994
3,517 3,710
936
840
9,087 9,444
15,676
4,549
926
10,201
17,679
6,023
1,041
10,615
21,301
7,419
1,287
12,595
24,065
8,261
1,647
14,157
26,234
8,911
2,053
15,270
13,621 15,609
4,217 5,072
481
528
8,923 10,009
Other countries
Australia
Japan
Other
26,382 28,550
1,623
1,856
10,884 12,539
13,875 14,155
33,607
2,321
15,008
16,278
39,885
2,863
18,620
18,402
46,202
3,352
21,503
21,347
52,202 56,527
3,307 3,442
24,320 25,644
24,575 27,441
4,606
4,900
5,377
Canada
8,542
Europe .
Western Europe
European (Jommunities (12).
Belgium-Luxembourg
France
Germany2
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
international organizations and unallocated
3,517
3,919
n.a. Not available
* Less than $600,000.
D
Surpressed to avoid disclosure of data of individual companies.
1. Exports include mainly expenditures of foreign governments and international organizations in the United States.
Imports include mainly wages of foreign residents temporarily employed in the United States and of Canadian and
4,421
4,739
19,447
1,165
6,666
11,616
1,911
7,026
98,201
7,196
7,518
8,029
30,754 33,041
40,133
39,719
27,748 30,245 32,458 39,334 38,668
23,868 25,702 28,078 33,678 33,242
620
814 1,036
549
974
2,670 2,919 3,519 4,188 3,955
5,193 5,534 6,052 6,859 6,508
2,505 2,865 2,865 3,480 3,271
1,278 1,283 1,610 1,972 2,236
8,881 9,357 9,799 11,716 12,285
2,792 3,124 3,419 4,427 4,013
3,880 4,543 4,380 5,656 5,426
509
583
799
478
1,051
16,327
5,655
621
10,051
17,544
6,578
488
10,478
19,661 20,411
7,388 7,770
663
595
11,610 12,046
22,061 23,690 24,389 28,158
1,496 1,645 1,751 2,295
7,515 8,382 8,940 10,573
13,050 13,663 13,698 15,290
1,817
2,532
2,582
2,733
29,492
2,370
11,761
15,361
2,219
Mexican commuters in the U.S. border area.
2. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
SURVEY OF CURRENT BUSINESS
unaffiliated foreigners, most notably transactions
for business, professional, and technical services;
within that group, the largest gain was in receipts
for construction, engineering, architectural, and
mining services, for installation, maintenance,
and repair of equipment, and for computer and
data processing services. For payments, the increase since 1986 was equally divided between
transactions with affiliated foreign companies
and those with unaffiliated foreign companies.
Payments to unaffiliated foreign companies were
mostly for financial services, for telecommunications, and for business, professional, and
technical services.
September 1993 •
were to U.S. persons, and the remainder were to
foreign persons. Of the sales to U.S. persons,
60 percent were to U.S. parents; of the sales to
foreign persons, 90 percent were to unaffiliated
persons.
The rest of this section focuses on MOFA sales to
foreign persons, which represent sales delivered
by U.S. companies to foreign markets through
the channel of direct investment. Those sales are
shown by country of affiliate in table 11 and by
industry of affiliate cross-classified by country in
table 12.
Sales to foreign persons.—Of the $133.5 billion in
sales of services to foreign persons in 1991,
89 percent were sales within the country of the
affiliate, and the remainder were sales to other
foreign (non-U.S.) countries.
By area, MOFA'S in Europe accounted for $75.6
billion, or 57 percent, of affiliates' sales of services to foreign persons in 1991. Sales by European
affiliates increased 9 percent in 1991. Within Europe, the largest sales were by affiliates in the
United Kingdom, followed by affiliates in Germany, France, and the Netherlands. Outside
Europe, affiliates in Canada had the largest sales,
followed by affiliates in Japan.
By industry, MOFA'S classified in the "services"
division of the Standard Industrial Classification
(sic) had the most sales of services to foreign
persons in 1991—$41.7 billion, up 8 percent from
1990.2 Affiliates in Europe accounted for 72
percent of "services" sales. Within "services," affiliate sales were largest in "other" services and
in computer and data processing. After "services," the next largest sales were by affiliates in
insurance—$23.4 billion. Of this total, nearly 80
percent were sales by affiliates in Canada, Japan,
the United Kingdom, Bermuda, and Hong Kong,
each of which had sales exceeding $1.0 billion.3
MOFA'S in wholesale trade, manufacturing, finance (except banking), and "other industries"
also had large sales of services to foreigners in
1991. In both manufacturing and wholesale trade,
most of the sales were for computer and data
processing services provided by affiliates whose
principal business was the manufacture or distribution of computers and related equipment. In
finance, three-quarters of the sales were by affiliates in the United Kingdom, Japan, Canada, and
Switzerland; in each of these countries, affiliates
MOFA
Sales by Affiliates
In 1991, worldwide sales of services by nonbank
MOFA'S and MOUSA'S increased 9 percent each—
to $146.0 billion and $126.5 billion, respectively.
MOFA sales of services to foreign persons were
$133.5 billion, up 10 percent after a 22-percent
increase in 1990. MOUSA sales of services to U.S.
persons were $119.0 billion, up 9 percent after a
16-percent increase.
Table 10 summarizes the available data for
1990-91 on sales of services by nonbank MOFA'S
and MOUSA'S for all countries and industries
combined. Highlights for 1991—the most recent
year for which estimates are available—are discussed in the following two sections. The first
section covers sales by MOFA'S, and the second
section covers sales by MOUSA'S.
Sales by MOFA'S
Of the $146.0 billion in worldwide sales of services by MOFA'S, 86 percent were to unaffiliated
persons, and 14 percent were to affiliated persons.
By location of customer, 9 percent of the sales
Data Availability
These estimates, along with revised estimates for
1986-88, are available on printouts and on diskette.
The set of printouts and the diskette (3V6" HD) each
cost $20.00. Send orders to the Public Information
Office, Order Desk, BE-53, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC
20230. When ordering, please include accession number 58-93-20-500 for printouts and accession number
58-93-40-501 for diskette, and make checks or money
orders payable to the Bureau of Economic Analysis.
Visa or MasterCard orders may be placed by telephone
at (202) 606-9592.
2. The "services" division of the sic comprises the services listed under
"services" in tables 12 and 13.
3. Insurance affiliates in Bermuda are largely "captive" offshore affiliates
of U.S. parents that are not themselves insurance companies; these affiliates
primarily provide self-insurance within their multinational companies.
123
124 • September 1993
SURVEY OF CURRENT BUSINESS
had sales in excess of $1.0 billion. Within "other
industries," transportation affiliates had the most
sales, followed by communications affiliates.
Sales by MOUSA'S
Of the $126.5 billion in worldwide sales of services
by MOUSA'S, 94 percent were to U.S. persons, and
6 percent were to foreign persons. Of the sales to
foreign persons, 52 percent were to members of
the U.S. affiliates' foreign parent groups, and 45
percent were to unaffiliated foreigners, (MOUSA'S
have few foreign affiliates of their own, so their
sales to such affiliates are very small.)
The rest of this section focuses on MOUSA sales
of services to U.S. persons, which represent sales
delivered by foreign companies to the United
States through the channel of direct investment.
These sales are shown by country of ultimate beneficial owner (UBO) in table 11 and by industry
of affiliate cross-classified by country of UBO in
table 13.4
Sales to U.S. persons.—Of the $119.0 billion in
sales of services to U.S. persons, 60 per-
MOUSA
4. The UBO of a U.S. affiliate is that person, proceeding up the affiliate's
ownership chain beginning with and including the foreign parent, that is not
owned more than 50 percent by another person.
cent were sales by affiliates with European UBO'S.
Within Europe, the largest sales were by affiliates
with UBO'S in the United Kingdom, followed by
affiliates with UBO'S in Switzerland, the Netherlands, Germany, and France. Outside Europe,
affiliates with UBO'S in Canada had the most sales,
followed by affiliates with UBO'S in Japan.
By industry, MOUSA'S in insurance had the
largest sales to U.S. persons in 1991. Most of
these sales were by affiliates with UBO'S in the
United Kingdom, Canada, and the United States.
By type of insurance, sales by property and casualty insurers—primarily those with UBO'S in
the United States, the United Kingdom, and
Switzerland—accounted for slightly more than
one-half of the total. Most of the remaining sales
were by life insurers, and nearly one-half of these
sales were by affiliates with Canadian UBO'S. After
insurance, affiliates in "services" had the largest
sales, at $28.1 billion; within "services," sales were
largest in "other" services, motion pictures, and
hotels and other lodging. Sales were also sizable
in real estate and "other industries." Nearly twothirds of the sales in "other industries" were in
transportation.
Tables 3.1 through 13.2 follow. Q
September 1993
SURVEY OF CURRENT BUSINESS
•
Table 3.1.—Travel, Passenger Fares, and Other Transportation, 1989
[Millions of dollars]
Other transportation
Travel
Passenger fares
Freight
Port services
Other
Total
Total
Ocean
Air
Other
Total
Ocean
Air
Other
Receipts
876
36,250
10,613
20,533
6,340
3,896
1,719
725
13,318
7,609
5,591
118
Canada
5,385
811
975
503
199
26
278
391
61
212
118
Europe
11,004
4,087
6,971
1,673
913
615
145
4,865
2,534
2,331
434
10,733
8,393
198
1,069
1,862
663
348
3,311
942
2,340
271
4,003
3,531
83
700
570
350
64
6,805
5,394
357
626
905
430
613
571
21
103
84
28
28
276
33
41
3
4,750
3,494
224
348
674
301
331
690
928
1,256
115
2,445
1,548
57
73
241
115
1,141
1,241
1,411
166
878
824
79
64
105
69
248
126
133
54
35
145
142
10
13
26
8
1,522
242
472
84
1.636
1,537
1Q0
180
214
104
335
423
170
99
37
2,305
1,946
167
275
433
186
237
306
343
359
25
419
363
24
99
17
24
29
28
142
56
14
8,345
3,926
446
1,679
349
903
78
58
767
505
29
30
445
274
44
19
211
124
5
9
111
141
1,093
735
47
48
640
729
3,973
2,557
357
200
2,000
1,464
230
132
1,198
183
93
453
191
48
1
141
11,517
877
7,053
3,587
4,037
637
2,517
883
8,414
273
2,976
5,166
3,261
87
972
2,202
2,279
5
518
1,756
805
74
360
372
177
9
94
74
4,983
183
1,927
2,873
2,664
23
2,319
159
1,136
1,504
1,369
171
2
78
90
1,616
1,616
8,176
2,228
5,883
778
All countries .
Western Europe
,
European Communities (12)
Belgium-Luxembourg
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
Mexico
Venezuela
.,..
Other
Other countries ...
Australia
Japan
Other
International organizations and unallocated
695
59
21
5
4
1,616
94
383
586
897
790
81
Payments
AH countries
33,418
8,248
20,659
11,705
9,391
2,197
118
118
Canada
3,396
224
632
248
104
26
283
78
141
101
Europe .
11,967
4,065
7,511
4,154
3,277
877
3,092
605
2,487
266
11,668
10,454
207
1,553
2,664
1,425
166
3,319
1,120
1,214
299
4,028
3,526
91
315
562
335
325
1,230
668
502
37
7,359
5,830
266
473
1,148
628
418
1,724
1,173
1,528
153
4,034
2,785
147
216
553
216
188
603
862
1,248
120
3,158
2,077
83
100
360
138
875
708
65
117
194
77
93
109
54
167
2
3,060
2,865
115
257
561
404
225
1,036
267
195
32
585
555
53
41
81
61
155
80
85
30
19
2,475
2,310
62
216
480
343
70
182
165
12
265
180
4
1
34
8
5
85
44
85
1
9,399
4,276
199
1,807
508
2,055
379
193
874
64
143
4
6
411
88
33
290
28
133
1,010
306
128
577
599
1,483
1,017
68
65
884
217
95
287
23
8,579
527
3,752
4,300
4,613
51
1,876
2,686
3,462
40
1,324
2,099
1,151
11
552
588
3,791
474
1,798
1,520
1,134
6
229
1,882
1,674
1,674
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany, Federai Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
,
,
Other countries
Australia
Japan
Other..
international organizations and unallocated
4,924
8,656
726
1,872
6,058
61
1,238
2,152
258
498
1,396
95
494
808
1,081
119
59
751
957
2,657
467
1,569
621
175
2
79
94
208
126 • September 1993
SURVEY OF CURRENT BUSINESS
Table 3.2.—Travel, Passenger Fares, and Other Transportation, 1990
[Millions of dollars]
Other transportation
Travel
Passenger fares
Freight
Port services
Other
Total
Total
Ocean
Air
Other
Total
Ocean
Air
Other
Receipts
43,007
15,298
21,954
7,272
4,104
2,432
736
13,662
7,815
5,742
105
1,020
Canada
7,093
979
1,047
493
164
37
292
467
108
253
105
87
Europe.
12,602
5,730
7,620
2,130
1,128
12,253
9,439
266
1,236
2,093
749
406
3,601
1,088
2,814
349
5,626
5,004
160
996
867
480
97
2,045
360
621
105
7,285
5,587
387
577
970
536
691
1,246
1,179
1,698
335
1,970
1,844
154
176
266
154
370
536
188
126
160
974
914
107
32
115
101
266
158
134
60
154
131
125
45
45
357
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
10,234
2,309
464
165
3,141
1,119
114
77
544
30
40
474
451
80
28
344
123
5
8
1,680
394
208
2,538
Other countries .
Australia
Japan
Other
13,079
6,280
882
3,894
1,504
8,743
330
2,871
5,541
3,531
110
1,124
2,297
2,268
4
531
1,732
1,087
97
499
491
176
9
93
74
All countries .
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
5,108
583
4,543
1,013
7,844
4,222
International organizations and unallocated
851
789
37
144
5,029
2,826
2,204
461
144
141
10
4,877
3,358
209
312
685
355
290
673
834
1,519
153
2,707
1,533
49
270
176
63
355
570
1,175
118
2,169
1,825
160
263
415
179
227
318
264
345
35
439
386
25
89
19
27
32
37
158
53
22
1,746
232
130
1,384
580
45
35
500
1,166
187
95
884
276
48
1
226
5,015
2,896
25
2,119
197
0
78
119
13
26
49
62
6
1,405
110
220
1,670
3,125
49
1,145
1,726
1,405
1,405
9,920
2,174
195
525
1,399
Payments
All countries
37,349
10,530
23,401
12,586
10,290
2,207
7,674
71
71
895
Canada
3,541
255
728
229
108
32
394
109
214
Europe.
13,996
5,665
8,788
4,671
3,837
834
3,824
605
3,219
293
13,615
11,968
231
5,584
4,988
175
410
747
427
443
1,900
886
596
81
8,568
6,670
284
538
1,349
877
426
1,965
1,229
1,899
220
4,510
2,899
144
182
579
323
191
576
904
1,611
161
3,679
3,767
3,564
130
348
732
546
231
1,289
288
203
57
555
528
44
51
71
74
134
84
69
26
50
3,212
3,036
86
297
661
472
97
1,205
219
176
7
292
207
159
831
720
73
111
190
69
100
123
55
111
3
2,028
565
2,031
342
230
1,459
943
75
67
800
792
70
62
660
151
5
5
141
1,072
264
163
645
418
32
61
326
654
233
102
319
16
3
1,189
17
551
622
4,629
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
Other countries .
Australia
Japan
Other
International organizations and unallocated
1,788
2,671
1,631
222
3,657
1,768
1,647
381
10,274
4,879
295
5,100
9,538
867
2,210
6,461
89
1,374
2,582
292
555
1,735
71
71
390
254
91
453
849
1,500
10,001
764
4,349
4,888
5,100
70
1,986
3,044
3,911
53
1,435
2,423
1,853
1,643
1,643
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
2,178
673
2,197
1,760
1,042
7
239
797
3,587
666
1,958
963
105
10
9
38
8
5
100
37
85
1
i*4
271
21
167
84
210
September 1993
SURVEY OF CURRENT BUSINESS
•
12J
Table 3.3.—Travel, Passenger Fares, and Other Transportation, 1991
[Millions of dollars]
Other transportation
Travel
Passenger fares
Freight
Other
Ocean
All countries .
Canada
Europe ..
Air
Other
Total
Ocean
Air
Other
48,384
15,854
22,326
7,334
4,000
2,722
612
13,956
8,020
5,834
102
8,499
1,040
1,023
459
145
41
273
475
115
258
102
14,332
5,943
7,255
2,114
1,088
914
112
2,429
2,239
473
13,945
11,178
302
1,389
2,690
948
468
4,160
1,221
2,767
387
6,958
5,366
412
611
893
471
677
1,045
1,257
1,593
297
2,005
1,856
182
206
278
145
326
517
202
149
109
987
902
136
42
111
99
226
146
143
84
101
906
845
39
155
147
40
54
354
56
62
112
109
8
10
20
6
46
17
3
3
4,502
3,111
204
315
594
297
316
491
894
1,391
166
2,204
1,854
162
267
421
182
231
323
268
350
35
452
398
26
89
21
29
34
37
161
54
22
3,398
459
269
2,670
1,099
142
109
848
505
55
48
402
500
83
54
363
94
4
6
84
2,026
269
159
1,597
2,298
1,257
42
48
173
115
86
168
626
1,041
131
841
80
63
699
1,185
190
97
274
48
1
225
9,272
342
2,976
5,954
3,662
108
1,118
2,436
2,262
3
563
1,696
1,268
99
485
684
133
7
69
57
5,410
233
1,778
3,398
3,257
35
1,245
1,977
2,153
198
533
1,421
200
0
81
119
1,378
1,378
929
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
11,294
5,367
710
5,217
5,832
5,274
190
1,023
1,098
514
105
1,959
385
558
111
2,516
514
180
1,822
Other countries .
Australia
Japan
Other
14,258
1,053
8,561
4,644
6,355
704
4,201
1,450
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Port services
Total
1,378
International organizations and unallocated
1,036
89
Payments
All countries
Canada
Europe..
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
Other countries .
Australia
Japan
Other
International organizations and unallocated
10,012
23,297
11,947
9,593
2,257
10,421
2,093
8,256
3,705
249
756
223
81
43
422
113
237
111
11,524
5,069
8,165
4,060
3,285
775
3,804
581
3,223
301
11,073
10,174
179
1,533
2,191
1,459
271
3,168
1,373
899
451
4,957
4,415
133
391
628
361
444
1,708
750
542
112
7,928
6,127
283
526
1,236
800
438
1,618
1,226
1,800
237
3,880
2,384
128
166
432
213
205
336
905
1,496
180
3,107
1,709
64
69
254
150
99
212
862
1,398
179
773
675
64
98
178
63
106
125
43
3,748
3,529
144
350
765
579
229
1,178
284
220
56
544
513
54
37
69
82
127
75
70
31
38
3,204
3,015
90
313
696
497
102
1,102
214
189
18
300
215
11
10
39
8
5
104
38
85
1
11,243
5,111
195
5,937
1,864
531
74
1,259
2,206
364
247
1,596
1,073
86
79
908
920
83
73
764
152
3
5
144
1,118
276
168
674
428
47
68
312
690
228
100
363
16
2
14
8,850
783
2,760
5,307
2,830
296
550
1,984
10,632
855
4,738
5,039
5,264
85
2,084
3,096
3,978
63
1,483
2,432
1,286
22
601
664
5,077
747
2,471
1,859
972
2
233
736
4,106
745
2,238
1,123
290
23
183
84
1,539
1,328
1,328
35,322
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
211
128 • September 1993
SURVEY OF CURRENT BUSINESS
Table 3.4.—Travel, Passenger Fares, and Other Transportation, 1992
[Millions of dollars]
Other transportation
Travel
Passen-
Port services
Freight
Other
Total
Total
Ocean
Air
Other
Total
Ocean
Air
Other
Receipts
53,861
17,353
22,773
7,251
3,904
2,589
758
14,410
8,268
6,029
113
1,112
Canada ,
7,975
1,306
1,008
439
30
39
371
486
106
266
113
84
Europe .,
17,533
6,567
7,818
2,168
1,231
812
126
5,136
2,823
2,314
514
17,128
14,019
354
1,560
3,371
1,218
574
5,478
1,464
3,109
405
6,455
5,969
220
1,083
1,394
682
131
2,013
446
486
112
7,468
5,806
436
611
1,003
532
705
1,070
1,449
1,662
350
2,057
1,934
192
217
282
155
354
478
256
122
112
1,126
1,052
146
53
121
108
264
168
191
74
105
805
760
37
153
139
40
39
292
61
45
7
126
123
8
11
23
7
52
18
4
3
490
431
28
97
23
32
37
41
174
59
24
12,644
5,822
888
2,735
555
195
5,934
1,985
3,321
452
238
2,631
1,198
151
104
942
528
56
53
420
562
96
52
415
108
0
0
108
2,644
1,525
48
21
263
158
76
217
742
1,120
179
600
53
33
515
2,277
1,916
168
276
435
188
238
334
277
362
36
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
4,921
3,440
215
298
699
346
314
551
1,018
1,481
215
1,825
249
133
1,444
1,225
196
100
929
299
52
2
245
Other countries .
Australia
Japan
Other
15,710
1,180
9,160
5,370
6,746
9,183
301
2,778
6,104
3,445
81
2,115
6
953
457
1,652
1,177
67
415
694
154
8
81
65
5,521
219
1,737
3,564
3,296
15
1,186
2,096
2,225
205
552
1,468
217
0
88
129
1,443
1,443
10,761
2,028
All countries .
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
659
4,559
1,528
international organizations and unallocated
2,411
1,443
Payments
All countries
39,872
10,943
23,454
11,720
9,269
2,370
41
72
247
565
3,271
310
828
726
54
106
195
73
119
139
40
102
2
3,757
3,529
151
351
788
572
229
1,140
298
229
79
536
505
60
32
79
66
125
83
61
31
29
3,221
3,024
92
319
709
506
104
1,056
238
198
50
309
223
12
11
41
8
5
108
38
663
57
43
563
161
8
3
151
1,189
290
155
744
419
66
57
296
770
224
98
449
17
3
5,335
42
1,875
3,419
3,997
21
1,305
2,672
1,339
22
570
747
5,341
685
2,505
2,151
972
4
225
743
4,369
682
2,280
1,408
309
26
199
85
1,260
1,260
275
699
181
59
13,689
5,577
8,266
4,120
3,290
13,221
12,185
212
1,858
2,607
1,646
321
3,876
1,665
1,036
468
5,456
4,898
140
429
696
426
472
1,902
833
558
121
3,923
2,598
110
134
572
282
192
378
930
1,325
197
3,095
1,872
56
28
378
208
73
239
890
1,223
195
Latin America and Other Western Hemisphere
Mexico
Venezuela
Other
12,674
5,229
221
7,224
2,101
559
85
1,457
7,989
6,349
273
496
1,401
862
426
1,625
1,266
1,640
277
2,031
358
202
1,472
824
64
46
714
Other countries .
Australia
Japan
Other
10,002
816
3,160
6,026
2,990
307
558
2,125
10,985
753
4,579
5,654
1,473
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
International organizations and unallocated ...
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
75
974
394
3,507
Europe .
,
75
3,836
Canada
Western Europe
European Communities (12)
Belgium-Luxembourg
8,657
125
213
SURVEY OF CURRENT BUSINESS
September 1993
Table 4.1.—Royalties and License Fees, 1989
[Millions of dollars]
Receipts
Payments
Affiliated
By U.S.
parents
from
their foreign affiliates
Total
Total
All countries
13,818 10,962
10,613
Unaffiliated
Unaffiliated
Affiliated
Broadcasting
By U.S.
Indus- Books.
affiliates
and Frantrial records,
from
record- chise Other
Total
procand
ing of fees
their foresses
eign
live
events
parents
349 2,857 2,051
145
50 209
402
Total
2,528
1,704
76
824
28
23
48
1,813 1,244
46
35
169
110
414
245
38
9
124
113
D
1
()
2
1
76
21
281
268
575
420
20
1,194
31
100
239
8
113
1
0
21
267
393
20
569
11
59
169
29
11
(D)
1
55
13
154
1,194
1,054
979
75
140
62
13
21
Europe
Belgium
France
Germany, Federal Republic of....
Italy
Netherlands
Norway
Spain
7,459
383
1,090
1,308
721
698
92
269
198
295
1,757
647
6,577
6,419
(D)
975
1,154
621
633
56
234
128
255
1,527
(D)
158
18
24
21
1
6
1
1
1
7
72
6
882
(D)
91
134
100
58
36
34
69
33
158
530
34
52
77
68
37
32
20
53
23
81
53
78
107
3
12
22
3
5
1
5
3
5
32
10
321
302
21
38
189
15
39
19
7
12
219
204
15
15
158
2
14
15
7
205
201
15
14
158
2
12
5
4
1
13
3
0
1
1
0
2
10
3
8
101
98
6
24
31
12
25
4
55
54
3
14
18
6
14
1
0
1
26
26
2
6
7
5
5
1
0
1
1
1
9
16
12
4
4,117
2,563
2,478
84 1,554 1,290
Africa
South Africa
Other
74
53
21
31
21
10
31
21
10
Middle East
34
10
15
10
5
3
1
4
3
1
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western
Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
Israel
Saudi Arabia
Other
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
International organizations and
unallocated
Addenda:
European Communities (12)
Eastern Europe
4,008
446
118
29
29
2,673
226
23
51
31
162
115
105
n,
2,527
375!
101
2i
18
1,630
51
19
42
19
152
75
43
2,444
338
94
2
18
1,597
51
18
37
19
151
75
43
15
24
5
2
1
2
3
1
18
612
433
10
51
137
22
8
()
6
102
12
nn
0
0
0
0
0
148
494
355
344
43
32
11
24
18
6
13
nn
n
0
0
0
0
0
0
30
7
14
9
17
5
6
7
9
1
7
2
5
5
1
1
0
0
1
1
0
0
4
4
1,480 1,248
71
38
7
17
26
26
11
8
1,043 897
175 167
4
2
8
2
12
4
10
8
40
34
62
55
126
14
4
1
2
80
5
1
5
6
1
2
5
489
21
5
1
0
459
2
355
10
4
343
134
11
1
120
9
0
120
109
55
116
57
52
1,376
2
946
1
897
1
532
19
180
115
6,635 5,998
0
15
5,854
0
145
0
636
15
378
Suppressed to avoid disclosure of data of individual companies.
n
3
549
728
* Less than $500,000.
D
n0
0
n
72
1,632
Canada
1,175
622
639
56
235
129
262
1,599
(D)
Broadcasting
Indus- Books.
and FranBy U.S. By U.S.
trial records,
record- chise Other
parents affiliates Total
procand
ing of fees
to their to their
esses tapes
live
foreign foreign
events
affiliates parents
Total
n
n
0
338
0
139
4
4
0
0
(D)
4
n
(1
0
57
95
1
2
25
4
1
1
4
12
7
2
0
2
nnn
6
124
nn nn
n 0
n
n n n0
0
333
58
n0
n
n0
0
0
11
nn
0
0
10
n0
0
n0
0
0
o
61
44
15
430 342
28
0
September 1993
SURVEY OF CURRENT BUSINESS
Table 4.2.—Royalties and License Fees, 1990
[Millions of dollars]
Payments
Receipts
Affiliated
By U.S.
parents
from
their foreign affiliates
Total
Total
All countries
17,069 13,685
13,302
1,088
1,035
BroadBy U.S.
Indus- Books.
and Franaffiliates
trial records,
record- chise Other
from
Total
procand
ing of fees
their foresses tapes
live
eign
events
parents
175
104 242
14
34
8,545
427
1,375
1,611
829
898
72
373
193
351
1,677
740
229 1,017 630
D
(D) ( ) 22
78
124
41
31 164 107
105
144
4
59
71
17
10
13
0
38
21
0
62
44
5
36
24
10 167
91
86
69
87
1
14
22
9
3
1
4
3
2
22
5
89
4
9
20
2
4
1
4
6
3
19
17
304
276
37
11
196
15
17
28
296
275
37
11
195
15
17
21
126
120
7
29
40
15
29
5
60
59
4
8
23
8
16
1
0
1
15
15
4
3
13
9
n
n
n
6
4
2
3
O
0
1
1
1
n
n
n
4
1
4
4
(D)
D
( )
1
0
1
4,658 2,836
2,761
1,822 1,509
O
35
88
137
53
2
2
2
2
3
2
1
11
7
4
0
0
0
4
2
2
1
15
1
13
1
4
4
81
9
8
1
1
48
3
1
1
112
16
9,790 8,773
487
(D)
1,539 1,415
1,806 1,642
977
833
986
915
85
72
411
373
259
198
398
362
1,930 1,763D
912
(
430
396
44
40
236
31
45
33
20
13
53
Africa
South Africa
Other
73
53
20
34
23
11
33
23
11
39
30
10
22
17
5
Middle East
Israel
Saudi Arabia
Other
48
14
22
12
5
3
2
0
5
3
2
0
43
10
20
12
22
7
5
10
International organizations and
unallocated
Addenda:
European Communities (12)
Eastern Europe
4,537 2,797 2,723
469
391
396
132
98
D
(
)
26
4
4
25
10
10
2,990
1,759
351 1,795D
69
()
24
19
19
70
60
60
33
25
25
183
160
160
140
76
76
94
52
52
()
0
0
37
1
1
1,740 1,465
73
33
(D)
6
23
21
15
11
1,195 1,028
(D) 249
2
4
3
10
4
8
19
23
64
55
42
34
683
665
18
235
8,733 7,959
1
19
7,747
1
212
774
19
939
O
78
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
()
12
20
3
2
7
7
6
R
2,238
271
1,967
929
665
72
47
20
27
25
16
2
2,236 1,607
81
96
166
227
277
441
24
66
204
216
D
1
()
3
1
97
33
296
269
695
512
40
186
51
27
28
5
11
0
1
1
6
48
7
1,422
30
139
249
19
193
1
0
31
263
463
33
629 482
15
15
54
60
133
164
29
41
9
12
D
()
1
2
62
64
19
27
111
183
39
53
r:
nn
0
n0
n
11
5
6
5
9
5
4
441
400
190
0
0
0
0
0
0
nnn
1
1
0
0
1
1
0
0
4
4
•3
625
35
5
440
29
4
400
4
0
185
6
1
0
0
C)
O
631
0
562
0
402
2
0
0
394
2
0
n0
1
2
0
2
3
3
* Less than $500,000.
D
157
Broadcasting
Indus- Books.
and Frantrial records,
record- chise Other
Total
procand
ing of fees
esses tapes
live
events
3,168
n
55
500
15
530
By U.S. By U.S.
parents affiliates
to their to their
foreign foreign
affiliates parents
Total
79
Europe
Belgium
France
Germany1
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Total
164
1,252
Other countries
Affiliated
383 3,384 2,333
Canada
Latin America and Other Western
Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Unaffiliated
Unaffiliated
0
164
0
0
0
3
3
0
0
160
4
0
n
119
15
104
56
1,770
1,284
178
1,106
486
166
43
n2
n0 72
n3
0
n0 (3)
D
0
nn
2
0
0
0
0
0
1
0
1
n
4
nn0
n
25
13
n0
0
n0
n
19
n
0
160
141
(D) (D)
0
0
0
0
1
176
52
0
n
nn
0
0
0
0
0
0
0
0
nn
0
18
1
0
0
0
0
n0 n
0
0
n0
n0
0
0
0
0
0
0
0
n0
0
16
0
n0
n0
n0
49
360
29
64
n
September 1993
SURVEY OF CURRENT BUSINESS
•
Table 4.3.—Royalties and License Fees, 1991
[Millions of dollars]
Payments
Receipts
Affiliated
Total
Totai
AH countries
Canada
Europe
Belgium
France
Germany1
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom ...
Other
Latin America and Other Western
Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
Africa
South Africa.
Other
Middle East
Israel
Saudi Arabia .
Other
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
.,
International organizations and
unallocated
Addenda:
European Communities (12) ....
Eastern Europe
1,143
1,069
10,460 9,396
392
442
1,546 1,403
2,029 1,840
899
1,014
1,106 1,054
67
86
401
457
201
256
384
413
2,023 1,827
1,086
9,071
372
1,380
1,771
896
992
65
400
195
366
1,713
920
426
388
41
6
275
38
27
39
407
386
41
6
274
38
27
21
604
556
56
35
333
65
67
47
21
26
Affiliated
BroadBy U.S. By U.S.
casting
Indus- Books.
affiliates
and Frantrial records,
from
from
record- chise Other
Total
and
proctheir for- their foring of fees
esses
eign afeign
live
filiates
events
18,479 14,772 14,196
1,307
576 3,707 2,449
171
317
164
14
40
87
1
14
26
10
3
1
6
2
2
17
6
118
11
8
34
2
2
2
3
11
3
27
15
74
325 1,064
50
20
23 143
189
69
3 115
53
61
19
2
56
1
56
6
29
19
113 196
8 158
19
1
nn
1
0
n
178
169
15
29
58
27
39
591
34
97
100
70
37
14
29
35
17
108
50
87
5,144 3,068
2,939
130 2,076 1,691
Total
4,203 3,079
223
3
17
20
28
9
2
17
118
204
2,081
33
146
249
14
359
1
0
52
332
874
21
831
14
73
216
37
18
40
38
28
59
P)
74
76
01
P)
P)
1
6
63
10
24
n
n
nn
P)
124
43
236
167
12
633
14
69
182
34
14
n
122
26
108
P)
3
2
P)
797
527
612
n0
0
0
0
0
0
0
6
5
nn
0
0
0
0
0
64
34
17
8
8
50
18
19
13
6
2
1
9
6
2
1
41
12
17
12
25
9
7
10
6
2
3
1
1
7
1
n
4,996
405
155
18
40
3,419
346
34
46
42
237
152
101
3,018
332
127
3
12
1,994
102
29
38
29
211
83
58
2,889
319
112
3
12
1,909
88
29
38
28
210
83
58
129 1,977 1,632
14
73
36
16
28
6
0
15
14
0
28
20
84 1,425 1,212
14 244 225
0
2
0
1
1
2
1
21
57
0
35
109
9
9
178
20
11
791
64
5
n
n
964
738
710
28
226
9,399
18
8,567
4
8,272
4
295
0
832
15
0
0
612
527
2
0
n0
522
3
695
5
n
n
n
7
P)
0
(D)
n
n
0
0
0
0
0
0
()
n
157
P)
P)
n0
n
0
0
0
6
5
4
4
0
0
n0
n
0
n
179
p)
i
n
152
1
p)
150
1
0
0
0
nn
0
n0
n
0
p)
231
163
11
152
67
2,374
3
1,776
1
90
1,686
598
n
0
0
0
0
P)
n3
nn
1
185
n
n
O
n2
P)
nn
0
3
2
1
14
85
0
0
34
21
13
n
2,855 1,124
3,010 2,179
52
38
228
154
486
269
21
58
372
390
D
1
()
1
2
180
56
335
378
908
1,144
D
23
57
35
22
4
(D)
9
1
5
9
1
224
Broadcasting
Indus- Books.
and Frantrial records,
chise Other
Total
procand recording of fees
esses
live
events
30
41
29
12
2
65
6
2
2
1
3
4
4
12
By U.S. By U.S.
parents affiliates
to their to their
foreign foreign
affiliates
57
114
41
29
12
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
692
Total
41
39
5
10
9
7
7
2
0
2
18
* Less than $500,000.
D
Unaffiliated
Unaffiliated
()
0
0
P)
nn0
0
n0
P)
423
46
67
61
1
132 • September 1993
SURVEY OF CURRENT BUSINESS
Table 4.4.—Royalties and License Fees, 1992
[Millions of dollars]
Receipts
Payments
Affiliated
Total
Total
20,238 16,106
All countries
1,304
Canada
Europe
Belgium
France
Germany1
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western
Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
Africa
South Africa
Other
Middle East
Israel
Saudi Arabia
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
,
International organizations and
unallocated
Addenda:
European Communities (12)
Eastern Europe
Affiliated
Broad-j
casting)
and j
record-1 chise Other
ing of
live
events
By U.S.
parents
from
their foreign affiliates
By U.S.
Indusaffiliates
trial
from
Total
proctheir foresses
eign
parents
Books.
records,
and
15,387
719 4,132 2,597
248
374
178
59
18
42
445 1,264
(D) (D)
141 149
(D) (D)
4 154
100
75
1
13
5
65
7
68
6
42
107 223
7 177
632
30
76
117
100
57
6
22
43
27
104
152
3
21
41
18
5
1
10
5
3
36
9
148
9
13
49
3
2
3
5
12
3
36
14
1,127
1,050
11,582 10,318
547
(D)
1,831 1,682
2,264
(D)
1,093
939
1,194
77 1,119
64
483
276
417
434
208
2,179
391
1,204 1,956
1,026
9,873
482
1,541
1,965
935
1,019
63
412
202
386
1,849
1,019
764
706
69
58
421
78
79
58
22
36
565
(D)
45
30
(D)
50
41
5,529
3,287
3,147
100
69
31
46
30
15
46
30
15
50
20
2
13
10
2
1
13
10
2
1
Other
544
514
45
29
348
50
41
30
77
22
0
0
199
(D)
24
29
(D)
28
38
85
83
10
7
32
17
17
2
Total
824
3,233
270
(D)
28
28
25
8
3
24
100
1
279
25
110
3,515
57
399
480
45
302
2,255
37
150
313
23
278
()
188
444
1,208
79
(D)
388
966
n1
135
6
7
20
7
16
0
1
40
2,954 1,753
863
24
10
2,120 1,260
20
32
143 249
293 168
22
16
23
262
(D)
679
19
(D)
160
18
14
1
141
41
127
20
61
n
0
43
379
926
25
56
243
n
n
0
n
n
705
102
603
0
0
0
54
39
15
31
26
5
2
2
0
4
3
18
8
9
1
1
1
1
0
1
1
0
0
0
n0
n
37
10
19
20
6
10
4
2
1
6
2
2
2
1
6
2
0
0
0
0
0
0
0
0
126
13
12
213
23
(D)
704
101
874
60
5
176
2
22
603
2
0
809
773
250
16
6
10
447
172
15
157
275
10,473
27
9,477
9,047
430 996
20
520
13
137
1
120
2,763
1,782
97
1,685
981
8
5
131
10
1
765
4
nn
n
33
4
2
n0
597
2
0
606
3
nn
n
2
(D)
.11
28
158
13
0
0
0
0
0
0
1
n0
0
0
1060
n
c
0
0
0
0
0
0
5
5
3,089
359
141
5
12
1,902
91
46
34
28
307
91
73
10
2
0
61
1
4
4
1
4
n
5,378 3,228
451
363
194
(D)
40
5
35
12
3,544
336 2,013
97
57
46
43
34
46
28
338
311
159
(D)
135
73
n
n1 n0
o
881
6
5
1
0
0
3
3
0
240
59
433
177
0
136
0
610
n0n
52
0 2,150 1,753
139
88
39
4 (D)
11
(D)
35
34
0
23
14
0 1,531 1,305
111 239 223
6
11
0
9
0
17
27
(D)
4
62
R
101
()
1
0
139 2,242 1,805
0
Broadcasting
Indus- Books.
and Frantrial records,
chise Other
Total
procand recording of fees
esses
live
events
2
2
0
1
1
B(D)
O
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
By U.S. By U.S.
affiliates
to their to their
foreign foreign
affiliates
Total
52
(D)
9
11
D
()
6
10
* Less than $500,000.
D
Unaffiliated
Unaffiliated
2
2
0
0
170
(D)
1
nn
158
2
0
153
(D)
O
?!
146
1
0
0
0
3
0
0
0
1
1
0
0
0
1
0
12
1
1
0
n0 n0
10
0
0
n
n0
0
0
0
0
0
0
0
0
0
0
0
0
n
0
0
0
95
425
81
432
42
1
September 1993
SURVEY OF CURRENT BUSINESS
• 133
Table 5.1.-Other Private Services, 1989
[Millions of dollars]
Unaffiliated
Affiliated
Between
U.S.
Total
Total
and
their forfiliates
Between
U.S.
affiliates
and their
foreign
parents
Total
Education
Financial
services
Insurance
Net
Premi-
Telecommunications
Business,
professional,
and
technical
services
Losses
Addendum
Other
services
Film
and
tape
rentals
Receipts
36,450
12,296
9,117
3,179
24,154
4,575
5,036
468
4,136
3,668
2,519
6,152
5,404
Canada
4,797
2,472
1,900
572
2,325
210
230
448
1,898
1,450
313
514
610
224
Europe
12,518
6,236
4,725
1,511
6,282
610
2,098
-115
983
1,098
911
1,494
1,284
953
12,366
10,676
439
1,182
1,608
552
786
4,758
1,350
1,689
171
6,227
5,645
216
541
814
170
549
2,559
796
582
4,718
4,380
198
378
455
150
489
1,943
767
338
7
1,509
1,265
18
163
359
20
60
616
29
244
2
6,139
5,031
223
641
794
382
237
2,199
554
1,107
162
591
427
13
66
79
33
22
127
164
20
2,077
1,614
53
85
85
28
46
1,269
48
462
22
7
10
16
8
-1
-144
6
982
895
74
100
142
65
16
443
54
87
1
1,080
993
67
90
126
57
17
587
48
87
889
773
28
105
134
83
39
288
95
116
23
1,477
1,273
82
207
250
67
90
437
140
203
17
1,203
1,042
41
168
230
163
41
261
138
162
81
952
874
28
144
155
154
58
244
91
78
1
All countries
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
4,778
768
627
141
4,010
581
938
-214
602
449
1,150
1,106
4,135
(D)
248
(D)
643
537
(D)
12
(D)
231
2,730
226
1,193
1,310
464
150
12
302
162
73
()
69
3,598
1,043
236
2,319
412
452
79
37
337
129
27
579
250
88
19
1
68
-302
237
42
10
185
150
150
23
10
117
453
363
98
25
240
1,073
469
121
483
77
934
296
25
613
172
59
16
8
35
2
1,775
186
441
1,148
955
40
753
162
9,082
376
2,207
6,501
3,174
21
327
2,826
1,728
43
550
1,135
363
-4
264
103
763
42
458
263
400
46
194
160
809
56
245
510
2,088
122
637
1,329
920
139
184
598
1,013
424
520
69
42
-15
103
117
37
906
1,484
63
2,056
823
9,909
9,086
5,172
1,971
1,379
1,775
11,812
602
3,400
7,811
Other countries
Australia
Japan
Other
international organizations and unallocated
2,313
2,454
2,543
Payments
19,898
AH countries
7,911
4,783
3,128
11,987
586
Canada
2,866
1,347
449
1,519
6
97
404
906
501
389
363
261
Europe
7,698
4,246
2,628
1,618
3,452
417
1,155
-607
3,973
4,580
1,540
800
147
1,768
7,605
6,890
202
1,011
1,271
438
574
2,960
432
715
94
2,628
2,462
100
509
544
95
218
953
43
166
1,617
1,313
24
207
331
27
234
457
33
304
1
3,360
3,115
78
295
396
316
122
1,550
356
245
93
403
375
6
66
26
45
4
159
69
29
14
1,155
1,089
24
59
86
35
49
798
38
66
-602
-396
-18
-52
-151
-2
-12
-153
-10
-206
-4
3,973
3,345
35
193
476
37
22
2,547
35
628
4,575
3,741
52
245
627
39
34
2,701
43
834
5
1,465
1,286
46
158
315
166
51
364
186
179
75
793
637
15
47
103
56
14
338
64
156
7
146
125
5
17
18
16
16
44
9
21
1,768
1,767
2
4
2
3
1,733
23
0
1
4,256
4,245
3,775
124
716
875
122
452
1,410
76
470
1
638
467
171
3,618
100
1,060
3,521
1,539
114
742
2,318
1,410
33
874
1,937
166
43
5
118
471
108
35
3
70
359
58
8
2
48
113
2,152
1,367
28
756
1,466
86
44
42
14
95
6
7
81
3,427
1,358
631
28
699
181
109
90
-6
-47
1,116
4,581
38
3
1
34
4,543
16
5
655
605
4
46
87
()
()
80
219
1,191
2,360D
()
()
64
847
442
16
344
2,900
139
1,169
1,593
64
6
13
45
-28
9
5
-41
442
23
358
61
470
15
353
102
1,469
76
262
1,131
480
13
239
228
31
147
13
235
215
44
Western Europe
,
European Communities (12)
Belgium-Luxembourg ,
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
,
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
Japan
Other
international organizations and unallocated
* Less than $500,000.
Surpassed to avoid disclosure of data of individual companies.
D
501
n
63
-56
nn
63
730
27
619
84
13
O
SURVEY OF CURRENT BUSINESS
September 1993
Table 5.2.-Other Private Services, 1990
[Millions of dollars]
Affiliated
Between
U.S.
parents
and
their foreign af-
Total
Total
Unaffiliated
Between
U.S.
affiliates
and their
foreign
Total
Education
Financial
services
Insurance
Net
fikes
Premi-
Telecommunications
Business,
professional,
and
technical
services
Other
services
2,735
6,951
6,122
Losses
Receipts
40,608
14,506
10,416
4,090
26,102
5,126
4,417
751
4,843
4,092
Canada .
5,400
2,608
2,169
439
2,792
245
249
643
2,471
1,828
Europe .
13,545
7,489
5,453
2,036
6,056
700
1,559
-393
1,110
1,503
973
1,828
1,389
13,349
11,292
480
1,290
1,883
610
1,137
4,420
1,473
2,058
195
7,486
2,034
1,652
40
236
413
44
118
715
96
372
2
5,864
4,596
228
627
868
383
354
1,564
574
1,268
193
470
13
77
90
35
25
98
133
200
31
1,535
1,084
52
86
74
33
62
718
59
451
25
-393
-393
-18
-20
-13
1,108
982
78
128
128
71
30
489
58
126
2
1,501
1,375
96
148
141
71
17
818
84
126
2
941
786
25
113
167
78
41
262
100
155
32
1,797
1,504
112
790
3
5,452
5,034
212
427
602
183
665
2,142
803
418
1
134
550
105
293
31
1,315
1,146
44
173
241
141
79
265
203
169
74
All countries
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere ,
South and Central America .
Mexico
Venezuela
Other
Other Western Hemisphere .
Other countries .
Australia
Japan
Other
International organizations and unallocated
6,696
252
663
1,015
227
783
2,857
899
-329
-26
0
0
582
5,187
781
559
222
4,407
647
141
417
276
531
964
1,231
4,082
1,217
301
2,564
1,106
498
156
20
322
283
376
130
16
230
182
122
26
3
3,584
1,061
281
2,242
823
503
92
37
375
144
592
129
40
424
301
112
-20
6
126
30
267
44
14
209
151
154
64
7
83
122
432
897
419
145
333
66
1,047D
()
23
(D)
183
13,443
658
3,904
8,881
3,522
243
1,526
1,753
2,130
1,392
194
451
1,485
49
9,921
415
2,377
7,128
3,534
63
427
3,045
1,645
51
453
1,141
268
-18
191
95
710
50
375
285
442
68
184
190
914
60
238
616
2,569
114
830
1,625
991
146
238
607
3,033
105
105
71
92
135
43
23,753
9,739
5,956
658
2,475
1,910
10,222
8,312
92
100
1,076
268
2,928
()
99
1,009
Payments
All countries
3,784
14,014
5,583
1,891
1,497
Canada .
2,922
1,609
613
995
1,314
131
226
833
607
315
357
279
Europe
9,447
5,161
3,360
1,801
4,286
478
1,418
-28
4,412
4,440
1,615
638
165
9,340
8,282
(D)
1,225
1,651
479
665
5,160
4,642
3,360
3,181
120
621
728
126
253
1,270
1,800
1,462
4,178
3,639
&
316
48
250
553
360
605
306
163
1,676
539
108
-22
-100
17
-20
-57
-4
-6
-28
-2
78
-6
4,412
3,673
73
273
497
44
16
2,728
42
739
636
559
9
49
99
26
24
262
90
77
2
523
299
4,453
107
1,535
4,372
4,434
3,773
57
293
555
47
22
2,756
44
661
6
2,837
()
140
5
21
17
15
24
46
339
1
1,417
1,280
29
83
138
54
56
883
37
137
(D)
1,336
42
151
379
163
60
339
202
179
462
429
7
76
28
53
6
174
84
34
16
1,783
126
798
74
29
3
42
449
100
2,474
-24
-3
-2
-19
1,560
37
3
2
32
4,335
61
5
4
51
2,775
1,571
(D)
35
(D)
212
124
103
710
659
4
47
155
23
160
-28
575
41
459
75
420
18
298
103
1,682
63
332
1,287
22
30
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere .
3,499
(D)
1,057
108
864
1,044
174
503
1,823
(D)
518
(D)
1
5,275
822
South and Central America .
Mexico
Venezuela
Other
Other Western Hemisphere .
Other countries ....
Australia
Japan
Other
International organizations and unallocated
2,648
1,586
50
1,012
2,627
5,406
337
2,897
2,172
704
174
12
648
469
1,331
140
921
270
128
128
2,020
171
1,380
200
1,979
93
50
1
42
14
689
3,386
167
1,518
1,702
68
10
14
45
38
()
31
459
199
* Less than $500,000.
D
Surpassed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
576
n
103
nn
nn
103
812
32
676
104
O
188
n
21
2
519
30
300
189
251
150
9
36
105
104
September 1993
SURVEY OF CURRENT BUSINESS
• 135
Table 5.3.—Other Private Services, 1991
[Millions of dollars]
Affiliated
Total
Total
Addendum
Unaffiliated
Between
U.S.
parents
and
their foreign affiliates
Between
U.S.
affiliates
and their
foreign
parents
Total
Education
Financial
services
Insurance
Net
Premi-
Telecommunications
Business,
professional,
and
technical
services
Losses
Other
services
Film
and
tape
rentals
Receipts
All countries
Canada .
Europe
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
Japan
Other
International organizations and unallocated
47,982
15,363
10,522
4,841
32,619
5,683
4,976
1,028
5,037
4,009
3,316
11,261
6,355
5,638
2,438
2,032
406
3,200
270
317
602
2,311
1,709
287
985
740
270
16,840
7,839
5,412
2,427
9,000
800
1,817
-157
1,153
1,309
1,093
3,843
1,603
1,413
16,471
13,998
644
1,703
2,345
821
1,245
5,341
1,899
2,472
369
7,834
6,989
320
763
1,116
247
779
2,742
1,020
845
5
1,788
1,275
59
117
69
39
86
782
123
513
29
1,043
1,043
873
33
125
167
90
51
287
120
169
50
3,679
3,104
120
397
579
211
197
1,300
300
575
164
1,532
1,346
44
214
271
189
94
338
196
186
71
197
1,150
1,023
101
111
110
57
26
568
50
127
3
472
1,306
1,145
72
105
66
49
15
782
58
161
4
5,225
750
532
15
85
97
38
29
107
163
218
50
657
-156
-122
30
6
44
1,028
2,425
1,997
35
266
576
66
159
815
80
428
2
317
8,636
7,009
301
939
1,229
574
465
2,599
902
1,627
364
6,253
5,409
4,992
285
498
540
181
621
1,927
940
417
3
711
275
650
1,438
1,240
1,408
1,315
29
170
210
167
349
256
135
92
5
93
4,780
1,588
422
2,770
1,473
583
171
42
370
445
432
146
29
257
279
151
25
13
113
166
4,197
1,417
381
2,399
1,028
508
96
42
370
149
605
260
40
305
438
159
27
9
123
38
286
59
16
211
186
127
32
7
88
148
530
169
45
316
120
1,264
538
221
505
174
1,131
357
24
750
109
22
10
56
5
17,174
803
5,163
11,208
3,947
199
1,765
1,983
2,255
180
504
1,571
1,691
19
1,260
412
13,227
604
3,398
9,225
3,955
70
524
3,362
1,733
60
424
1,250
297
-2
178
121
978
40
621
317
681
42
443
196
1,286
70
338
878
4,885
271
1,657
2,957
1,071
136
278
658
439
82
254
104
2,079
112
112
66
88
123
35
1
110
1,702
16
27,035
10,166
5,770
2,450 11,069
8,619
6,639
2,801
1,574
37
322
366
302
1,967
12
-214
-8
-34
-1
2,230
Payments
All countries
4,396
16,868
737
2,668
Canada
3,205
1,472
582
891
1,733
7
191
546
1,027
481
Europe
11,950
5,644
3,251
2,393
6,306
539
1,508
908
4,737
3,831
11,702
10,151
326
1,277
1,967
592
693
4,647
675
1,550
248
5,643
5,002
186
920
1,239
259
530
1,752
118
641
1
3,251
3,090
154
560
868
178
228
1,015
87
161
0
2,392
1,912
32
360
370
81
301
737
31
480
1
6,058
5,149
140
357
728
333
163
2,895
533
909
248
521
484
1,508
1,375
26
32
59
6
199
94
38
18
914
579
-31
-99
5
31
33
1,077
35
133
0
3,824
3,326
72
466
577
38
15
2,140
18
498
6
1,833
1,596
69
162
424
171
65
455
250
237
5,047
744
392
352
4,304
113
206
624
73
335
-6
940
4,738
3,905
41
367
582
37
22
2,764
92
833
3,601
2,892
1,754
76
1,065
2,155
94
31
8
55
650
63
25
3
35
329
31
6
5
20
321
2,798
1,723
71
1,004
1,506
0
41
1
-42
206
-44
-5
-1
-39
984
4,541
22
2
2
(D)
4,519
6,385
372
3,018
2,994
2,194
162
1,544
489
1,434
145
1,014
275
761
17
530
214
4,189
210
1,474
2,505
751
44
586
121
45
32
90
-77
752
54
568
130
449
112
112
336
14
12
12
Western Europe
European communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere .
South and Central America .
Mexico
Venezuela
Other
Other Western Hemisphere .
Other countries .
Australia
Japan
Other
International organizations and unallocated ....
* Less than $500,000.
D
Surpressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
n
n
23
1,224
1,118
977
43
97
159
54
37
497
90
141
106
166
141
6
23
23
16
14
43
16
26
1,971
277
797
68 1,724
7
755
2
49
D
920
()
3,532
247
263
171
14
78
14
757
706
4
47
40
2,207
62
389
1,757
859
54
351
454
250
7
42
201
707
22
478
207
75
23
23
1
3
1
13 6 • September 1993
SURVEY OF CURRENT BUSINESS
Table 5.4.—Other Private Services, 1992
[Millions of dollars]
Unaffiliated
Affiliated
Total
Total
Between
U.S.
parents
and
their foreign affiliates
Between
U.S.
affiliates
and their
foreign
parents
Total
Education
Financial
services
Insurance
Net
Premi-
Telecommunications
Business,
professional,
and
technical
services
Other
services
Receipts
53,601
17,619
10,958
6,661
35,982
6,140
5,447
1,069
5,523
4,454
3,306
12,678
7,342
Canada
5,963
2,595
1,932
664
3,368
295
376
427
2,140
1,712
297
1,025
949
Europe
19,272
9,292
5,757
3,535
9,976
905
2,120
-140
1,519
1,659
1,105
4,044
1,942
18,876
16,154
777
1,989
2,835
954
1,195
9,288
5,755
5,295
308
613
621
203
504
9,589
7,784
387
1,056
1,318
684
465
2,824
1,085
1,804
387
825
577
14
88
110
41
31
115
178
248
80
2,101
1,562
53
145
82
55
65
1,027
135
540
19
-143
-149
22
26
33
6
16
-247
-5
6
3
1,513
1,406
100
125
129
56
34
905
57
107
6
1,656
1,555
78
100
96
50
18
1,152
62
101
3
()
All countries
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America .
Mexico
Venezuela
Other
Other Western Hemisphere .
Other countries .
Australia
Japan
Other
International organizations and unallocated
(D)
1,674
87
302
357
243
74
405
241
2,308
2,722
1,257
918
4
1,172
460
2
3,533
3,075
82
320
897
67
226
1,398
85
458
2
6,770
1,078
775
304
5,691
637
1,162
144
551
406
655
1,756
1,338
5,243
1,661
615
242
494
219
34
241
281
122
23
4,628
1,419
602
2,607
1,063
478
102
48
329
159
627
261
63
302
535
185
52
8
125
-41
337
83
16
238
214
152
31
8
113
255
525
171
37
317
130
1,583
445
412
726
173
1,231
388
33
810
107
2,391
175
459
1,757
2,159
14,810
655
3,485
10,670
4,303
73
605
3,625
1,718
85
335
1,299
610
4
388
218
1,224
56
750
418
614
52
362
200
1,250
52
291
907
5,739
300
1,522
3,917
1,190
142
345
703
71
28
89
61
O
115
1,924
3,461
1,372
11,875
10,503
6,520
3,594
1,645
237
677
1,075
311
446
313
1,796
1,609
211
()
176
8
29
29
17
(D)
51
6,096
8,370
390
933
1,518
270
729
3,272
D
19,359
851
5,603
12,906
4,550
195
2,117
2,238
2,236
98
1,874
()
182
21
1,658
480
2,139
854
41
116
155
100
53
245
146
3,266
169
378
581
241
227
1,280
390
623
155
Payments
27,988
10,600
5,529
5,071
17,388
Canada
3,595
1,605
580
1,025
1,990
Europe
12,038
6,180
3,287
2,894
5,856
583
2,059
-403
5,510
5,913
11,735
10,506
359
1,455
1,727
664
884
4,686
731
1,228
303
6,181
5,582
3,287
3,151
119
562
693
215
215
1,251
2,894
96
2,059
1,908
30
111
135
25
40
1,536
33
151
0
5,510
4,626
40
417
755
69
20
3,200
125
884
0
5,913
5,038
53
551
877
55
15
3,403
82
875
0
()
1,410
83
160
347
190
(D)
306
(D)
n
565
525
8
93
36
63
5
225
94
40
18
-403
-412
-12
-134
-123
13
5
-203
42
n
90
463
0
5,554
4,924
170
426
633
361
216
2,565
554
629
303
1,469
1,316
53
170
209
53
89
650
92
153
139
4,916
474
267
206
4,442
114
326
867
4,410
3,544
2,015
322
797
3,037
1,828
74
1,134
1,880
119
41
7
70
355
83
29
3
51
185
36
12
5
19
170
2,918
1,787
67
1,064
1,525
0
54
2
-57
326
-21
-2
-1
-23
18
4
39
6
1
32
3,505
1,757
(DD)
(D)
()
258
315
198
18
99
7
767
(DD)
(D)
()
31
6,903
1,227
945
333
3,237
3,331
2,173
92
1,622
457
79
893
255
13
730
202
4,730
241
1,615
2,874
826
38
604
184
205
11
259
-65
648
41
413
194
2,234
62
313
1,859
1,115
103
374
638
258
18
47
193
537
168
168
369
13
24
164
103
65
All countries
Western Europe
European Communities (12)
Belgium-Luxembourg
France
Germany1
Italy
Netherlands
United Kingdom
Other
Other Western Europe
Eastern Europe
Latin America and Other Western Hemisphere
South and Central America
Mexico
Venezuela
Other
Other Western Hemisphere
Other countries
Australia
Japan
Other
International organizations and unallocated
181
1,030
1,094
304
668
2,121
185
599
136
2,431
62
467
401
88
453
870
* Less than $500,000.
D
Surpressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
796
n
9
4,393
854
51
672
131
25
(nD)
September 1993
SURVEY OF CURRENT BUSINESS
•
J37
Table 6.1.-Other Private Services, Affiliated, 1989-90
[Millions of dollars]
1990
Receipts
Payments
By U.S.
Total
from their
foreign af-
ByU.S.
affiliates
from their
Total
By U.S.
parents to
their foreign affili-
parents
All countries ...
Canada
Europe
Belgium
France
Germany1
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom ...
Other
Latin America and Other Western Hemisphere .
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
Africa
South Africa .
Other
Middle East
Israel
Saudi Arabia .
Other
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
12,295
9,117
3,179
7,911
4,783
2,472
1,900
572
1,347
449
6,236
4,725
215
541
813
170
549
76
71
(D)
391
2,559
(D)
198
378
455
150
489
768
537
34
()
12
(D)
231
57
174
2,730
()
126
()
147
2,331
226
225
(D)
101
1,193
28
29
20
20
(D)
89
60
()
195
1,943D
()
627
464
34
(D)
150
12
(D)
162
39
123
1,775
1,501
186
209
(D)
101
441
17
28
15
20D
()
89
59
89
5,645
4,380
7
14,506
10,416
4,090
9,739
5,956
2,608
2,169
439
1,609
613
995
2,036
40
236
413
44
118
27
2
143
174
715
125
5,161
(D)
864
1,044
174
503
29
32
(D)
318
1,823
3,360
120
621
728
126
253
7
28
D
()
66
1,270
1,801
(D)
243
316
48
250
22
4
25
252
553
222
122
(*)•
41
26
3
52
100
38
63
1,392
822
174
8
299
100
0
61
648
152
496
523
74
8
21
29
3
13
449
122
327
2,020
1,331
2,628
100
509
544
95
218
10
19
(D)
72
953
1,618
24
207
331
27
234
8
6
23
221
457
81
7,489
252
663
1,015
227
783
113
88
189
420
2,857
882
5,453
212
427
602
183
665
86
86
47
246
2,142
757
141
73
638
166
8
54
43
5
56
471
137
335
467
108
8
52
35
3
11
359
106
253
171
58
0
2
8
2
45
113
31
82
781
498
33
110
156
20
180
283
85
198
559
376
33
69
130
16
128
182
47
135
442
3,522
2,130
13
6
7
()
19
129
13
116
fl
(D)
31
69
18
51
955
()
5
(D)
24
()
11
5
831
40
17
1,540
80
153
n
0
753
11
n
n4
nn
1,265
2
(°)
4
1,191
22
1
6
7
(D)
24
6
3,775
1
6
2
11
2
n3
1,117
64
97
(D)
3
847
22
1
5
7
(D)
23
5
423
16
56
1
1
344
2,462
0
O
O
n
2
2
1,313
1
By U.S.
affiliates
to their
foreign
parents
By U.S.
affiliates
from their
foreign
parents
4,246
124
716
875
122
452
18
25D
()
293
1,410D
()
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1.Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
D
3,128
By U.S.
parents to
their foreign affiliates
By U.S.
parents
from their
foreign affiliates
Total
1,511
18
163
359
20
60
8
2
18
197
616
51
120
14
106
()
25
123
By U.S.
affiliates
to their
foreign
parents
Payments
()
150
160
8
17
135
3,045
243
293
5
93
1,526D
()
33
23
20
580
94
1,840
194
277
5
93
451
18
31
17
20
574
92
105
105
6,696
3
5,034
1
Total
n
J2
1,662
2
R
8
49
200
30
169
689
28
5
23
26
5
21
44
6
3
()
14
1,205
49
16
3,784
n
1,947
171
250
1,291
140
120
()
1,380
16
3
12
7
47
35
7
()
921
16
2
8
7
26
29
5
128
128
4,642
1
3,181
0
3
656
31
130
1
1
459
n
1
4
0
21
6
2
1,462
1
SURVEY OF CURRENT BUSINESS
September
Table 6.2.-Other Private Services, Affiliated, 1991-92
[Millions of dollars]
1992
1991
Payments
Total
All countries
15,363
By U.S.
parents
from their
foreign affiliates
10,522
By U.S. affiliates from
their foreign parents
4,841
Total
10,166
By U.S.
parents to
their foreign affiliates
5,770
Payments
By U.S. affiliates to
their foreign parents
4,396
Total
17,619
By U.S.
parents
from their
foreign affiliates
By U.S. affiliates from
their foreign parents
10,958
6,661
Total
10,600
By U.S.
parents to
their foreign affiliates
By U.S. affiliates to
their foreign parents
5,529
5,071
Canada
2,438
2,032
406
1,472
582
891
2,595
1,932
664
1,605
580
1,025
Europe
Belgium
France
Germany1
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
7,839
321
763
1,116
247
779
109
100
242
441
2,742
978
5,412
285
498
540
181
621
91
98
41
248
1,927
883
2,427
35
266
576
66
159
18
3
201
193
815
94
5,644
186
920
1,239
259
530
23
29
3,251
154
560
868
178
228
6
24
(D)
71
1,015
(D)
2,393
32
360
370
81
301
17
4
59
372
737
60
9,292
390
933
1,518
270
729
94
94
238
514
3,272
1,240
5,757
308
613
621
203
504
3,535
82
320
897
67
226
8
5
191
229
1,398
111
6,180
181
1,030
1,094
304
668
18
3,287
119
562
693
215
215
5
2,894
62
467
401
88
453
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
1,028
583
39
106
171
42
225
445
118
327
711
432
36
62
146
29
159
279
88
191
317
151
3
44
25
13
67
166
30
136
744
94
7
352
31
0
304
122
0
30
23
145
318
775
494
44
59
219
34
138
281
91
190
54
128
474
119
7
37
41
7
26
355
182
173
267
83
7
36
6
5
(D)
321
36
285
1,078
615
44
89
242
142
507
392
63
7
20
25
3
8
329
107
222
185
123
61
206
36
0
2
12
5
17
170
59
111
Other countries
2,194
1,434
761
4,550
2,391
2,159
2,173
1,227
945
24
5
19
205
19
186
159
14
145
46
5
41
18
7
11
2
1
1
16
6
10
10
6
434
11
164
6
18
139
270
5
57
34
27
3,910
195
400
6
117
2,117
36
55
17
23
762
108
73
2,067
175
370
6
117
459
18
54
12
22
660
102
71
1,843
21
30
98
98
8,370
4
5,295
2
1,752
(D)
3,947
2,255
Africa
South Africa
Other
249
20
228
139
15
124
110
5
105
32
6
26
Middle East
Israel
Saudi Arabia
Other
378
14
158
5
13
140
219
9
57
(D)
10
3,320
199
316
8
104
1,765
48
61
19
20
625
83
71
1,958
180
296
8
101
504
23
55
14
19
609
81
1,362
19
20
2,106
162
274
1,260
25
6
6
1
16
3
2
1,544
11
3
11
6
28
38
1,014
11
2
10
6
22
31
5
112
112
112
112
6,989
5
4,992
3
5,002
1
3,090
0
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
a
1,997
2
()
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
D
47
p)
n
1,378
145
113
8
3
727
17
161
1
O
530
H
0
1,912
1
48
284
1,874
1,129
()
348
2,121
228
()
56
1,251
100
13
14
103
292
870
128
n
1,658
18
1
5
3,075
2
2,063
92
167
(D)
11
1,622
17
7
6
6
80
38
1,169
79
92
(D)
11
893
16
6
5
6
23
25
168
168
5,582
3,151
n
n
13
75
i
n
13
4
2,431
0
September 1993
SURVEY OF CURRENT BUSINESS
•
139
Table 7.1.—Insurance, 1989
[Millions of dollars]
Payments
Total
Net
All countries
Canada
Primary insurance
Premiums Losses
repaid
ceived
Net
Premiums Losses
repaid
ceived
Reinsurance
Net
Total
Premiums Losses
repaid
ceived
468 4,136 3,668
605 2,336 1,731 -137 1,800 1,937
448 1,898 1,450
326 1,412 1,086
Europe
Belgium
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
-115
7
10
16
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
74
100
142
65
16
8
25
25
48
443
38
67
90
126
57
17
13
25
23
93
587
-214
88
42
4
19
1
23
-302
-37
-265
237
49
7
42
10
129
150
81
69
-1
-5
—1
2
-46
-144
38
n
182
5
10
29
11
4
219
5
12
39
5
9
97
6
5
6
D
()
105
8
181
143
48
3
11
4
77
n5 n
122
37 -297
1
2
2
O
10
(D) -13
2
-3
-6
1 -5
1
-6
-4
-54
-241
32
334 -61
32 -23
5
—1
1
1
2
10
2
-1
21 -33
(D) -38
-2 -44
6
n
486
364
764 1,061
69
66
88
88
103
116
(D)
(:
9
15
8
13
19
25
18
22
(D)
338
579
29
-3
Net
Primary insurance
Premi- Losses
ums recovpaid
ered
551 1,070
519
906
18
501
18
36
-607 3,972 4,579
52
35
-18
245
-52 193
627
-151 476
39
37
-2
34
22
-12
23
24
1
7
2
-6
139
-33 105
610
-147 463
-153 2,547 2,700
103
-35
321
2
7
1
0
0
5
0
617
5
14
1
0
0
11
0
405
268 1,059 4,581 3,522
117
-56
38
95
2
-4
(D)
(D)
3
-27
1
28
-3
20
3
6
-6
8
1
7
84
-17
(D)
D
D
()
( ) 1,115 4,543
931 3,533 3,427
120
184 1,010 2,602
825
-28 442
470
363
763
Africa
South Africa
Other
5
2
3
12
3
10
2
0
2
0
-1
1
4
1
3
4
2
2
Middle East
Israel
Saudi Arabia
Other
15
10
6
-1
343
-4
21
7
2
4
-19
-12
-5
-2
6
3
—9
8
-1
433
23
10
2
11
358
7
2
2
2
4
3
9
25
15
5
5
441
15
10
2
6
353
10
2
2
5
12
5
20
Other countries
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
D
n
2
11
4
34
3
705
42
47
2
2
458
17
13
7
25
15
61
15
362
46
26
9
1
194
11
5
5
14
12
27
12
-15
103
117
-16
895
993
167
256
1
19
n
n
5
5
-3
-4
-8
-2
-10
0
176
7
5
31
3
8
16
Premi- Losses
ums recovered
paid
823 9,909
602 -153
111
150
43
7
2
4
9
23
1
10
56
106 -264
453
7
118 -271
335
400 265
207
94
1
4
30
7
52
Net
305
O
196
0
0
0
0
0
0
196
178
18
384
0
0
0
0
0
0
384
343
13
0
0
0
34 -263
694
959 -395 3,345 3,739
Net
387
n
188
0
0
0
0
0
0
188
165
23
483
863 3,334 3,334
-56
95
38
-4
(D)
1
-27
28
3
-3
6
1
-6
7
-17
D
(
)
919 4,159
753 3,190 3,239
166 969 2,437
802
-33 429
462
4
4
0
2
-1
1
1
2
3
n
n
-3
n0
-4
-8
-2
-10
-17
606
870
296 -928 3,355 4,283
2 -20
30
50
6 -59 180 238
1 -151 475
626
0
37
39
-2
0 -12
22
34
5
14
18
-4
0
2
7
-6
138
-33 105
610
-147 463
281 -458 1,961 2,419
66
104
-36
-13
10
-1
315
Premi- Losses
ums recovered
272 8,839 8,567
-20
-12
-5
-3
15
201
Reinsurance
(Dl
3
.0
23
10
2
357
7
2
2
2
4
3
9
()
15
5
()
13
10
2
(D)
352
10
2
2
5
12
5
20
-12
291 -710 2,739 3,449
140 • September
SURVEY OF CURRENT BUSINESS
Table 7.2.—lnsurance, 1990
[Millions of dollars]
Receipts
Total
Premiums Losses
repaid
ceived
Net
All countries.
Canada
Europe
Belgium
France
Germany1
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom ....
Other
-346
2,009
2,355
1,910
643
2,471
1,828
517
1,891
1,374
126
580
454
226
-393
-18
-20
-13
1,110
78
128
128
71
30
11
22
19
87
489
46
1,503
96
148
141
71
17
18
53
23
78
818
42
92
1
7
9
11
1
1
2
3
202
7
908
72
(D)
105
1,393
91
(D)
126
5
17
13
74
395
34
768
34
4,412 4,440
73
57
273 293
497 555
44
47
16
22
44
30
4
7
148
91
501
471
2,728 2,756
86
110
n
44
4
O
()
14
14
50
20
73
-28
17
-20
-57
-4
-6
14
-4
57
30
-28
-24
320
3
9
1
4
5
6
6
13
94
12
110 - 4 8 5
-19
-27
-21
-10
12
-8
-33
-7
0
295
24
0
1
0
569
417
267
62
9
44
14
138
151
115
37
276
154
15
4
64
7
64
122
101
21
143
125
48
6
9
2
61
18
4
14
191
159
59
7
10
4
80
32
9
23
226
107
2
3
34
10
58
119
106
14
228
120
3
3
63
6
45
108
96
12
1,535
-24
-2
-15
-3
-2
-2
1,560
643
918
4,372 2,837
37
61
169
3
0
0
0
1
2
166
146
20
328
6
0
0
0
2
4
322
280
42
15
287
272
155
_p
7
2
5
7
2
3
4
-1
20
12
3
6
17
10
3
4
-1
-4
259
43
8
6
5
246
63
8
5
1
153
23
2
n
()
23
(D)
442
253
423
9
7
2
3
0
3
3
0
3
Middle East
Israel
Saudi Arabia
Other
6
5
28
19
2
7
22
14
3
6
3
4
670
50
42
6
5
375
20
13
4
25
19
92
19
92
-393
0
0
1
258
-18
15
n
4
191
8
1
-4
-8
1
63
n
-2
-13
-1
n
-29
4
13
12
10
2
170
-5
3
3
2
7
n2
O
H
O
412
68
26
6
1
184
12
12
8
32
18
28
12
245
2
15
411
7
34
0
152
6
5
0
-8
8
63
3
P
135
43
92
127
35
982
1,375
78
176
0
98 -471
0|
0
n
1
n0
166
5
19
n0
()
13
-20
O
0
4
39
2
-4
-4
1
-7
D
4
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
D
-373
n3
n
160
-3
3
O
833
2
3
2
4,335 2,775
2,820 2,177
1,515 597
575
-4
-10
1,277
2
499 1,403 9,216
7,813
802
585
300 -348 3,792
13
3
67
-29
8
255
1 -58
496
-4
43
-6
16
12
1
19
-4
0
4
57
147
30
0
501
274 -323 2,159
1 -24
85
4,140
54
284
554
47
22
18
7
90
471
2,482
109
159 1,366 4,044
3
31
-28
_2
0
(D)
0
-15
2
0
3
-3
0
1
D
2
156 1,394 4,013
498 2,540
134
896 1,473
22
2,678
59
2,619
2,042
577
567
412
22
620
6
18
n
0
13
0
Premi- Losses
ums recovered
paid
Net
217
n
n
()
420
155
4
n
4
-1
13
6
(*)
4
14
10
-2
-4
555
41
10
2
1
459
7
5
1
9
2
22
30
-100
3,673
18
5
3
(D)
n
4
13
10
n
n
2
n
154
21
2
4
402
18
n
160
o
()
17
-8
-4
-10
10
3,773
(D)
4
5
3
(D)
()
13
507 1,006
607
18
5
4
Reinsurance
Premi- Losses
ums recovpaid
ered
1,737
10
2
Unallocated
10,222 8,312
Net
2,834
710
Addenda:
European Communities (12) .
Eastern Europe
Premi- Losses
ums
recovered
4,092 1,097
1
-5
6
India
Net
4,843
Africa
South Africa
Other
Indonesia
Japan
Korea, Republic of .
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Premiums Losses
paid
received
Net
Primary insurance
Total
751
Other countries .
Asia and Pacific
Australia
Hong Kong
Reinsurance
Premiums Losses
paid
received
Net
13
-7
-31
-4
9
-329
4
141
112
47
5
-20
6
74
30
14
16
268
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Payments
Primary insurance
309
594
3
549
37
10
2
1
458
7
5
1
(D)
9
2
13
285 -409 3,078
-6
395
16
298
10
2
1
(D)
17
5
-2
3,488
SURVEY OF CURRENT BUSINESS
September 1993
•
141
Table 7.3.—Insurance, 1991
[Millions of dollars]
Payments
Receipts
Primary insurance
Total
Net
All countries .
Canada
Europe
Belgium
France
Germany1
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Premiums
received
1,028 5,037
602 2,311
-157 1,153
30
101
6
111
44
110
57
12
26
-9
14
-9
18
-10
19
-11
86
-214
568
-5
42
paid
Premiums Losses
paid
received
Net
1,668
-149
2,192
2,341
1,302
77
484
407
1,309
72
105
66
49
15
22
27
29
97
782
47
108
4
9
10
4
3
4
4
4
8
50
7
175
67
2
5
(D)
4
-1
-264
26
-3
34
4
9
-13
-13
-14
-19
-264
-12
978
96
97
(D)
49
24
8
12
13
(D)
481
30
1,242
70
101
745
42
22
-2
194
111
624
55
78
42
3
322
139
6
4
44
14
72
183
164
19
244
97
3
4
29
7
55
147
139
8
940
-44
-4
-15
-5
-1
-20
984
778
208
399
445
45
2
-2
3
3
6
1
5
_2
-1
-1
-12
-13
22
13
2
34
26
1
7
-5
-6
1
370
33
7
3
2
405
37
6
3
2
52
32
-82
-3
13
90
-3
_2
87
13
275
127
10
4
32
7
74
148
140
119
117
60
2
12
2
40
2
1
1
150
147
67
3
15
3
59
3
2
1
Other countries .
297
978
681
343
579
Africa
South Africa
Otner
1
2
-1
7
3
4
1
0
1
0
n
n
Middle East
Israel
Saudi Arabia ,
Other
-18
-17
1
-3
22
13
3
7
-6
-4
0
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic o f .
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
313
-2
26
949
40
44
3
2
621
20
13
4
20
26
128
28
Unallocated
-122
-1
31
30
7
1
3
n
18
1
1
n
236
O
15
7
17
36
25
10
-46
n
n
n
1
635 348
42
2
18 25
3
2
0
443 204
14
6
7
5
6 -1
6
16
19
9
35 91
30
1
n
123
35
1,023
1,145
81
578
7
36
229
5
12
-35
-4
1
O
n
O
0
fl
45
15
20
25
27
-26
n
1
-1
-2
_2
2
114
32
150
0
59
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democractic Republic.
D
Net
525 1,827
472
286
73
7
59
16
131
186
166
20
Addenda:
European Communities (12) ,
Eastern Europe
Premiums Losses
paid
received
1,709
197
159
64
2
27
9
57
38
26
12
6
6
_2
4
6
93
-2
Net
4,009 1,177 2,845
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil ,.
Mexico
Venezuela
Other
,
Other Western Hemisphere
Bermuda
Other
n
Total
Reinsurance
-213
-1
873
1,086
Primary insurance
Premi- Losses
ums recovpaid
ered
Premi- Losses
ums recovpaid
ered
Net
2,450 11,069
8,619
1,027
481
37
4,737
31
367
582
37
22
47
4
275
471
2,764
138
3,831
42
466
577
38
15
25
6
81
360
2,140
83
594
10
30
2
4,541
22
(D)
3,601
68
(D)
15
7
2
(D)
3,532
2,892
640
546
-11
-99
5
n
n
2
2
(D)
4,519
3,670
849
752
707
6
1
5
Reinsurance
1,107
0
n
26
0
1
7
515
2
335
5
0
8,498
985
476
100
314 4,044
-21
2
19
3 -129
334
3
0
579
-1
37
7
21
4
14
6
-2
4
0
193
273
1
105
465
0
109 2,163
86
53
136
3,730
40
463
576
37
14
18
6
80
360
2,054
83
605 4,191
-49
-4
-15
2
-5
1
-1
-24
(D)
654 4,173
481 3,358
174
814
3,586
67
(D)
15
7
2
(D)
3,519
2,878
641
509
12
33
2
1
1
32
0
2
7
601
2
350
5
0
0
n
n
n
n 4
345
312
34
18
n
n
n
n
15
0
0
0
0
0
15
15
0
27
733
706
-2
-1
-1
4
0
4
1
5
n
n
3
13
7
0
6
38
32
-82
-3
_-j
726
54
22
90
-3
-2
6
1
21
-11
-10
568
7
2
7
5
40
2
12
()
478
9
4
1
5
19
13
22
3,254
3,234
-3
O
()
54
()
22
6
1
21
-11
-10
()
568
7
2
7
5
40
2
12
()
478
9
4
1
5
19
13
22
12
12
579
3,905
3,326
559
651
5
1
n
-6
0
Premi- Losses
ums recovpaid
ered
121 1,464 9,962
42
0
4
330
297
34
18
Net
n
142 • September 1993
SURVEY OF CURRENT BUSINESS
Table 7.4.—Insurance, 1992
[Millions of dollars]
Payments
Total
Premiums Losses
repaid
ceived
Net
All countries
Canada
Europe
Belgium
France
Germany1
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Primary insurance
Reinsurance
Premiums Losses
repaid
ceived
Net
5,523
4,454
891 2,623
1,732
178 2,900
1,712
243 1,581
1,338
184
-140 1,519
22
100
26
125
33
129
6
56
16
34
-6
13
-4
20
-6
21
18
64
-247
905
2
50
1,659
78
100
96
50
18
20
24
27
47
1,152
48
87
4
14
9
4
406
152
32
4
31
8
76
255
228
27
120
118
54
1
17
3
44
1
171
164
76
3
20
3
63
6
51
46
22
1
3
144
185
58
1
52
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
,
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
-41
-51
11
551
337
90
5
83
16
143
214
176
38
Other countries
n
3
4
4
8
33
4
158
5
18
D
( )
3
4
5
5
D
( )
84
-26
-25
-2
1
20
11
3
46
36
5
5
3
n
n
-3
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
630 1,195
4
56
21
53
2
3
8
6
750
388
27
15
16
3
3
1
17
7
26
19
213
164
25
1
Addenda:
European Communities (12)
Eastern Europe
-149
1,406
5
218
5
16
n
0
(D)
2
2
n
219
-2
1
2
6
185
5
-2
1
566
45
17
3
8
1,555
72
138
0
4
407
361
47
3,986
2,794
1,191
3,521
39
10
7
6
1
14
3,482
2,386
1,096
205
854
648
14
23
192
831
639
2
0
2
5
0
5
3
0
2
0
0
0
0
0
0
3
0
3
5
0
5
2
0
2
1
1
7
3
1
4
n
o
841
51
638
41
12
()
672
9
1
2
3
20
()
413
12
-1
1
3
72
-2
10
18
1
()
671
9
1
2
()
412
12
-1
1
3
D
( )
-2
12
3,852
4,840
203
11
-41
8
18
259
-3
2
1
-1
-52
10
1
24
n2
60
-221
1,268
1,489
n
4
n
O
n
2
348
47
16
s
n
84
3,999
13
3
0
4
385
338
47
478
-26
-8
-7
-3
-1
-8
504
408
96
n
25
-15
-203
58
49
36
4
-30
-25
-2
-3
18
-3
* Less than $500,000 (±).
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this includes data only for the Federal Republic of Germany. Beginning in 1990, this line also
includes the former German Democratic Republic.
D
0
8(D) 8
61
412
5
0
6
1
5
Middle East
Israel
Saudi Arabia
Other
28
389
5
0
11
4,393
3,155
1,238
3,544
39
10
7
6
1
14
3,505
2,409
1,096
402
-2
0
-2
6
12
146
4
24
5,703
27
549
877
55
14
52
14
202
571
3,211
132
594
212
1
0
1
n
4,691
21
354
749
67
18
28
8
226
546
2,508
166
4,410
18
3
630
0
0
209 -1,012
-5
-196
1 -127
1
12
1
4
11
-24
0
-7
24
0
0
-25
192
-704
34
867
-21
-8
-7
-2
-1
-3
888
746
142
3
0
3
n
819
10
63
5
1
1
34
0
2
10
693
35
355
106
10
3
28
7
57
250
228
22
418
0
203
9
5
611
7
61
5
1
1
24
0
1
10
501
24
381
173
14
3
63
13
80
208
176
32
4
1
3
629
5,913
29
551
877
55
15
62
14
202
571
3,403
143
5,510
31
417
755
69
20
62
8
227
556
3,200
200
614
411
6
20
392
-403
2
-134
-123
13
5
9
4
5
565
52
32
1
2
362
12
13
2
10
7
49
23
1,000
1,588
77
96
(D)
49
15
18
23
26
(D)
1,101
1,224
272 10,527 10,255
608
71 -227 1,361
95
18
1
108
11
3
(D)
24
(D)
51
2
2
31
3
16
9
1 -10
1
15
-8
1 -10
16
10
(D)
(D)
-280
51
821
-2
1
44
n
Premi- Losses
ums
recovered
paid
Net
68
398
35
6
23
-42
-52
10
192
248
Reinsurance
74
1,075
25
67
4
Premi- Losses
ums recovered
paid
Net
1,372 11,875 10,503 1,100 1,348
677
5
3
3
3
Premi- Losses
ums
recovered
paid
Net
375
610
n
n
2,722
Primary insurance
559
Africa
South Africa
Other
Unallocated
Premiums Losses
paid
received
Net
427 2,140
1,069
Total
n
-412
25
4,626
5,038
-2
-3
n
2
191
10
-42
0
0
n
259
-4
2
1
-1
-44
10
2
0
0
0
0
-8
0
n
18
19
576
774
198
-988
September 1993
SURVEY OF CURRENT BUSINESS
•
143
Table 8.—Telecommunications
[Millions of dollars]
Payments
1990
All countries .
2,519
1991
2,735
1992
1990
297
973
25
113
167
78
41
18
38
26
48
262
158
1,093
29
125
167
90
51
21
51
23
58
287
192
1,105
37
116
155
100
53
24
61
29
60
245
226
449
363
14
531
432
21
81
25
(D)
86
()
99
(DD)
()
914
651
530
27
67
169
45
223
120
655
525
26
(D)
171
37
(D)
130
1,285
1,249
Africa
South Africa
Other
52
91
105
Middle East
Israel
Saudi Arabia
Other
114
135
46
198
57
65
76
71
(D)
(D)
221
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of .
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
643
56
79
(D)
9
245
55
6
15
18
26
49
687
60
83
46
14
238
66
8
18
17
18
69
51
982
70
95
63
16
338
113
13
19
26
26
101
103
313
Europe
Belgium
France
Germany1
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom .
Other
911
26
105
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
39
16
8
124
a
Other countries .
International organizations and unallocated
Addenda:
European Communities (12) .
Eastern Europe
8D
()
37
773
23
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
D
786
32
873
50
5,583
6,639
6,520
315
322
311
1,540
43
158
315
166
50
17
(D)
32
56
364
1,615
42
151
379
163
60
16
66
(D)
54
339
1,960
65
162
424
171
65
25
91
19
(D)
455
1,796
80
160
347
190
(D)
22
98
23
(D)
306
1,539
1,358
37
110
(D)
28
(D)
181
1,783
1,571
41
134
(D)
35
(D)
212
1,971
1,724
50
109
755
49
760
247
2,015
1,757
51
5,172
3,316
287
Canada
1992
1991
1,682
2,207
2,234
114
137
202
193
(D)
(D)
227
299
113
483
148
520
1,523
62
112
89
35
389
193
26
22
185
25
132
253
1,521
62
116
19
(D)
31
103
1,245
63
112
57
26
332
166
21
21
(D)
18
106
n
235
188
179
164
854
1,287
(D)
1,336
1,596
(D)
1,410
8
8D
8
()
957
52
98
75
18
291
119
()
22
115
1,127
76
100
47
8
n
313
()
8
203
24
144
•
September 1993
SURVEY OF CURRENT BUSINESS
Table 9.1.—Business, Professional, and
[Millions
Line
Total
Advertising
Computer
and data
processing services
Data base
and other
information services
Research,
development, and
testing
services
Management,
consulting, and
public relations
services
Construction,
engineering,
architectural,
and mining
servicesl
6,152
145
978
205
375
300
397
Canada
514
22
73
17
10
32
18
32
Europe
1,494
77
207
250
67
90
23
54
41
61
437
186
17
0
3
2
317
14
19
94
14
13
12
13
13
4
101
21
55
93
1
10
37
4
96
7
19
5
12
2
144
7
29
11
5
8
1
1
6
6
59
11
130
15
5
4
10
4
4
10
1
17
11
1
2
4
3
1
6
189
176
4
10
1
All countries
Belgium
France
Germany, Federal Republic of
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
1,150
1,073
22
90
469
121
371
77
12
65
50
47
2
22
12
7
4
3
47
0
n
2
1
27
9
1
2
2
0
0
H
2
2
n0
0
n
1
1
0
1
2
2
1
1
108
2
223
258
3
n3
1
1
0
Middle East
Israel
Saudi Arabia
Other
463
36
228
200
16
2
11
2
10
1
16
1,421
122
54
32
53
637
142
29
18
19
88
128
124
234
34
4
7
4
129
19
2
3
1
906
280
1,273
17
274
2
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
* Less than $600,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. Receipts for engineering, architectural, construction, and mining services are published net of merchandise exports, which are included in merchandise trade in the U.S. international transactions accounts, and net of outlays
abroad for wages, services, materials, and other expenses. Payments for engineering, architectural, construction,
18
n(D)
103
n
119
1
0
0
0
0
12
87
1
8
0
0
72
2
0
0
0
0
3
1
47
114
210
1
0
2
n
n
<3
1
170
20
149
2,088
38
12
Africa
South Africa
Other
Other countries
939
545
78
7
71
173
7
66
100
294
21
2
6
11
33
62
8
2
-1
42
127
0
and mining services are not published net of merchandise imports and outlays for wages and other expenses. Data
are not collected for merchandise imports and wages and other expenses, and no estimates are made because
they are believed to be small.
2. See table 2.1, lines 40-48, for details.
September
SURVEY OF CURRENT BUSINESS
• 145
Technical Services, Unaffiliated, 1989
of dollars]
Payments
Receipts
Industrial
engineering
219
Installation,
maintenance, and
repair of
equipment
Other2
1,717
878
Total
1,971
Advertising
Computer
and data
processing
services
Data base
and other
information
services
228
46
31
Research,
development, and
testing
services
133
Management, consulting,
and public
relations
services
Legal services
Construction, engineering,
architectural, and
mining
servicesl
143
81
443
Industrial
engineering
Installation,
maintenance, and
repair of
equipment
53
704
Line
Other2
109
1
11
192
107
363
10
9
3
8
7
2
17
7
293
7
2
60
(D)
13
7
5
1
0
7
1
1
7
D
()
437
16
90
51
9
49
5
14
12
16
109
65
146
800
15
47
103
56
14
1
10
112
32
338
71
77
1
10
13
5
1
0
8
0
6
20
67
54
1
4
16
2
22
1
3
3
31
227
(D)
5
40
32
5
3
37
6
249
(D)
15
3
9
5
0
4
(D)
1
1
(D)
16
80
41
45
(D)
2
3
3
1
0
2
(D)
7
(D)
6
3
4
5
6
7
8
9
10
11
12
13
14
9
8
1
4
2
1
480
465
12
48
326
42
37
15
0
15
367
350
2
1
116
D
()
(D)
17
0
17
114
109
4
4
n
n2
0
5
n
n0
0
1
0
1
15
16
17
18
19
20
21
22
23
24
129
468
169
480
104
2
2
(D)
1
(D)
13
0
56
6
50
0
0
0
47
1
(D)
D
()
138
22
101
16
(D)
51
9
5
37
3
2
80
1
0
274
36
26
3
13
110
20
14
7
13
32
3
-3
113
13
6
6
D
()
58
8
5
4
4
D
()
7
8
0
n
0
0
34
28
0
1
2
4
10
0
16
(D)
3
90
2
13
5
13
414
13
25
4
40
239
19
3
n9
29
24
9
83
o
n
14
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
3
0
1
1
1
0
1
o1
n
n
n
n
0
n
15
6
21
62
10
159
1
85
17
25
0
0
0
0
0
0
0
0
0
10
0
10
n
n0
2
0
2
0
1
0
1
26
27
28
0
0
0
0
6
6
0
0
4
0
4
0
1
(D)
n
0
o0
0
0
0
0
0
0
0
0
0
o0
n
(D0)
101
2
4
0
0
83
3
0
0
0
2
6
15
1
2
1
0
5
0
0
0
4
1
0
6
0
0
0
0
6
0
0
0
0
0
0
0
15
48
2
n
1
0
1
0
n
n0
O
0
0
0
0
1
n
n0
n
1
n0
0
n0
n
1
0
n
0
0
0
14
0
0
0
0
0
0
0
O
n
0
7
1
n0
0
1
1
3
21
4
12
1
(°)4
17
5
8
5
0
0
3
0
3
3
0
0
0
0
0
0
0
0
0
0
85
85
0
14
13
0
O
O
O
6
1
6
1
0
1
1
0
0
0
n0
D
()
33
(D)
2
n
n2
4
0
1
n
0
n2
1
(D)
9
1
4
0
0
4
0
0
D
()
1
1
2
(D)
67
(D)
0
n0
n0
n4
0
n0
0
0
n
0
n
n
80
0
4
O
0
5
n
4
1
(D)
79
4
13
0
0
19
5
(D)
1
O
O
0
0
(*)
(D)
1
1
0
0
0
0
1
0
0
0
0
0
0
0
13
27
0
11
140
90
215
33
13
2
37
17
47
11
55
2
397
1
109
1
637
7
73
0
8
0
18
0
61
0
49
0
21
0
141
4
n
12
4
1
1
0
3
1
41
3
O
CD-
0
fl
13
31
6
6
1
3
2
2
35
D
()
29
30
31
32
o0
33
34
35
36
37
38
39
40
41
42
43
44
45
15
29
46
204
0
35
3
47
48
3
19
12
4
O
n0
6
0
146 • September 2993
SURVEY OF CURRENT BUSINESS
Table 9.2.—Business, Professional, and
[Millions
Receipts
Line
Total
Advertising
Computer
and data
processing services
Data base
and other
information services
Research,
development, and
testing
services
Management,
consulting, and
public relations
services
Construction,
engineering,
architectural,
and mining
servicesx
867
6,951
130
1,031
283
384
354
451
582
25
76
17
11
37
19
87
1,828
112
198
309
96
134
28
90
59
112
550
140
23
314
9
26
88
28
15
8
13
6
13
85
24
70
1
11
10
3
4
0
2
2
3
31
2
82
1
8
17
4
2
5
1
3
26
13
2
157
5
25
23
13
(D)
170
9
29
11
7
11
0
162
23
(D)
25
11
2
2
29
2
964
897
70
113
419
145
150
66
8
58
40
40
1
1
0
0
1
nn0
13
9
0
0
8
0
2
4
2
2
2,569
273
68
239
150
16
Africa
South Africa
Other
228
20
208
11
7
3
0
0
0
3
0
3
3
0
3
503
Middle East
Israel
Saudi Arabia
Other
419
57
266
96
15
3
11
2
2
22
4
Asia and Pacific
Australia
Hong Kong
1,922
114
69
27
99
830
215
50
21
58
73
204
162
66
4
1
214
1
4
1
0
147
2
All countries
Canada
Europe
Belgium
France
Germany3
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
Other countries
0
3
2
1
2
1
3
0
0
O
14
19
4
3
n
Unallocated
1,009
248
26
2
5
4
156
15
2
4
3
6
9
15
328
Addenda:
European Communities (12)
Eastern Europe
1,504
31
270
2
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
* Less than $600,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. Receipts for engineering, architectural, construction, and mining services are published net of merchandise exports, which are included in merchandise trade in the U.S. international transactions accounts, and net of outlays
abroad for wages, services, materials, and other expenses. Payments for engineering, architectural, construction,
and mining services are not published net of merchandise imports and outlays for wages and other expenses. Data
n0
n
53
3
O
0
0
0
0
n
4
(D)
16
35
7
15
12
3
2
2
O
4
3
1
1
10
8
0
1
3
3
1
2
2
1
0
62
(D)
99
83
3
10
8
24
37
16
n
3
81
66
2
50
15
126
1
7
0
353
9
3
7
n
48
34
91
18
112
3
0
1
0
0
n1
0
2
115
9
76
11
n
nnn
(D)
74
60
1
103
16
124
148
2
122
n
6
are not collected for merchandise imports and wages and other expenses, and no estimates are made because
they are believed to be small.
2. See table 2.1, lines 40-48, for details.
3. Prior to 1990, this line includes data for only the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
September 1993
SURVEY OF CURRENT BUSINESS
•
147
Technical Services, Unaffiliated, 1990
of dollars]
Receipts
Industrial
engineering
Installation,
maintenance, and
repair of
equipment
Payments
Other 2
Total
Advertising
Computer
and data
processing
services
Data base
and other
information
services
Research,
development, and
testing
services
Management, consultina,
and public
relations
services
Legal services
Construction, engineering,
architectural, and
mining
servicesl
Industrial
engineering
Installation,
maintenance, and
repair of
equipment
Line
Other2
473
2,031
947
1,891
243
44
54
210
135
111
170
74
714
135
1
9
195
106
357
6
9
4
11
9
2
11
8
265
31
2
217
(D)
19
9
8
1
4
10
3
(D)
490
15
48
69
13
68
5
18
15
22
129
88
143
(D)
(D)
55
7
(D)
4
9
(D)
D
( )
638
9
49
99
26
24
3
6
31
30
262
99
65
9
0
4
2
36
81
1
3
8
3
6
2
31
1
3
6
2
38
0
4
8
1
(*)
0
53
3
5
4
0
6
33
254
3
12
29
10
6
0
1
7
10
114
63
37
1
4
15
15
1
2
7
4
2
0
0
0
375
356
11
29
219
59
38
19
0
19
392
373
51
56
152
50
63
18
2
15
126
124
1
2
103
219
777
206
6
2
4
109
6
103
7
2
5
28
2
(D)
(D)
208
22
154
32
186
6
1
1
3
67
42
0
1
(D)
D
()
16
13
0
8
11
4
2
n
o2
n
n0
8
1
2
0
0
n
n
0
0
2
0
O
o8
21
1
5
36
8
4
4
1
1
1
0
1
0
0
0
1
1
0
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
o
0
0
0
0
0
3
0
0
0
519
129
15
10
72
69
11
11
0
0
0
0
0
0
0
0
0
0
0
0
0
4
0
4
36
19
10
7
15
10
2
3
3
2
1
0
0
0
0
0
0
0
0
0
R
2
2
0
0
n1
460
39
32
4
7
141
39
19
14
11
26
35
92
163
13
10
5
30
65
16
11
126
5
4
0
0
99
9
0
0
0
2
6
15
3
0
2
0
4
10
0
0
0
0
9
0
0
0
0
0
0
D
3
(D)
D
()
494
30
18
2
4
300
32
3
17
7
31
27
22
n
0
n
13
193
100
251
38
10
181
2
421
12
105
559
2
60
0
9
0
M
0
18
2
2
n
2
3
27
7
O
0
n5
n
o
0
0
0
n0
0
0
1
1
9
7
n
0
21
2
1
0
n0
0
4
24
2
2
D
()
1
{
D'l
()
26
83
21
25
6
0
6
0
0
0
0
26
27
28
1
1
0
n0
n
(D)
n1
n
1
0
0
14
3
2
n0
6
0
0
2
0
1
O
n
n
73
(D)
0
0
47
0
0
0
0
n
o
n0
n
25
0
1
0
0
(D)
(D)
O
O
91
0
4
D
0
o
3
1
0
2
3
(D)
0
0
5
45
22
54
22
7
34
0
63
26
0
36
0
36
1
33
0
0
7
1
1
0
0
D
29
30
31
32
1
17
30
46
234
0
28
47
48
O
9
O
0
0
0
0
o
0
n9
15
16
17
18
19
20
21
22
23
24
33
34
35
36
37
38
39
40
41
42
43
44
45
80
0
23
D
()
1
(D)
1
22
14
5
0
n
16
16
0
80
0
0
n
2
0
2
D
()
5
13
(D)
o
o0
o
4
4
0
0
1
0
3
0
5
0
D
()
0
R
15
n
0
0
0
0
(D)
0
0
0
0
0
0
n0
O
0
O
R
3
4
5
6
7
8
9
10
11
12
13
14
96
96
O
()
(D)
3
12
(D)
3
0
0
0
0
0
0
0
0
0
0
4
4
0
63
2
n0
0
()
(D)
1
1
0
11
O
0
0
1
n2
n
148 • September 1993
SURVEY OF CURRENT BUSINESS
Table 9.3.—Business, Professional, and
[Millions
Receipts
Line
Total
All countries
Canada
Europe
Belgium
France
Germany3
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
Latin America and Other Western Hemisphere
South and Central America
Argentina
Brazil
Mexico
Advertising
Computer
and data
processing services
Data base
and other
information services
Research,
development, and
testing
services
1,493
51
73
90
187
3
24
29
5
10
4
1
10
51
24
26
381
6
29
37
17
18
15
7
21
21
115
95
39
105
89
25
30
15
5
19
35
289
37
25
21
1
3
12
1
4
4
2
2
15
13
112
98
249
1,744
442
985
32
166
63
18
3,843
115
397
579
211
197
85
136
141
201
1,300
481
75
1
10
13
6
5
751
17
88
146
92
35
9
26
45
24
221
48
225
4
18
40
15
11
3
5
7
15
89
18
97
92
3
24
28
16
22
5
2
3
1,438
1,264
71
148
538
221
286
174
39
135
6
4
2
24
5
62
35
n2
5
29
3
14
12
36
12
7
17
226
1
213
12
235
26
16
6
18
109
2
1
3
10
3
1
42
424
21
16
486
15
10
3
88
70
104
33
125
376
27
23
4
2
1
1
41
1
40
Middle East
Israel
Saudi Arabia
Other
692
109
448
135
57
34
21
2
6
4
1
1
12
6
2
4
3,753
271
131
56
175
1,657
526
88
39
61
160
231
358
620
81
12
5
6
357
64
7
8
6
14
46
13
117
13
323
8
2
2
(D)
201
10
(D)
1
2
Asia and Pacific
Australia
Hong Kong
,
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
Unallocated
Addenda:
European Communities (12)
Eastern Europe
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
1. Receipts for engineering, architectural, construction, and mining services are published net of merchandise exports, which are included in merchandise trade in the U.S. international transactions accounts, and net of outlays
abroad for wages, services, materials, and other expenses. Payments for engineering, architectural, construction,
and mining services are not published net of merchandise imports and outlays for wages and other expenses. Data
D
110
27
3,104
164
641
1
n
64
191
2
112
n
117
35
81
704
440
78
362
6
n11
18
3
3
1
2
4,885
Other countries
n
11
3
462
n
Africa
South Africa
Other
Other
Other Western Hemisphere
Bermuda
Other
349
3
23
138
97
225
155
1
5
16
96
37
70
1
69
828
6
38
7
46
14
5
9
331
66
5
61
Venezuela
Construction,
engineering,
architectural,
and mining
services l
Legal
services
1,295
11,261
n
Management,
consulting, and
public relations
services
16
238
46
31
2
7
13
5
5
16
10
n
358
9
n
3
6
3
4
4
25
594
4
n
5
24
283
31
are not collected for merchandise imports and wages and other expenses, and no estimates are made because
they are believed to be small.
2. See table 2.1, lines 40-48, for details.
3. Prior to 1990, this line includes data for only the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
SURVEY OF CURRENT BUSINESS
September
• 149
Technical Services, Unaffiliated, 1991
of dollars]
Receipts
industrial
engineering
Installation,
maintenance, and
repair of
equipment
Payments
Other2
Total
Advertising
Computer
and data
processing
services
Data base
and other
information
services
Research,
development, and
testing
services
Management, consulting,
and public
relations
services
Legal services
Construction, engineering,
architectural, and
mining
servicesl
Industrial
engineering
installation,
maintenance, and
repair of
equipment
Line
Other2
594
2,328
1,623
2,801
294
120
52
251
276
252
270
30
578
678
1
19
236
237
366
22
19
8
35
11
15
42
9
124
81
2
222
7
14
7
8
1
(D)
D
()
1
(D)
83
29
604
27
59
105
16
72
11
25
20
22
162
87
361
8
27
D
()
17
11
5
(D)
12
(D)
155
39
1,224
103
6
18
12
5
2
57
1
10
19
1
1
34
153
2
5
6
4
16
1
0
4
3
200
3
15
25
21
4
O
138
3
8
32
5
3
2
3
3
5
64
11
64
6
3
9
n3
127
5
5
18
4
6
2
1
18
6
49
13
332
16
32
30
10
13
1
6
D
()
9
180
D
()
3
4
5
6
7
8
9
10
11
12
13
14
22
21
1
14
3
3
1
0
1
347
335
8
22
233
34
39
12
0
12
486
463
54
(D)
170
59
(D)
24
(D)
(D)
277
263
19
12
171
14
47
14
9
5
13
12
1
2
6
18
18
6
1
4
n4
O
22
20
2
4
10
2
3
2
2
319
1,128
535
859
33
3
30
53
6
47
99
3
96
81
2
79
24
8
11
5
260
20
172
67
38
18
6
14
63
21
12
30
7
3
4
1
5
3
1
0
262
3
1
4
5
52
141
1
815
60
41
19
11
268
177
25
22
19
90
45
36
399
38
21
13
(D)
118
10
(D)
715
54
25
6
27
351
45
12
4
26
63
34
68
145
8
5
33
9
13
13
2
75
157
19
526
14
295
(D)
977
106
n
0
7
33
15
n
13
(D)
8
(D)
3
5
41
9
1
2
6
14
2
1
1
0
0
o1
4
o2
0
O
n
25
1
n
n
n2
2
6
28
97
•j
4
0
n0
n
D
0
0
0
7
(D)
n
29
22
9
0
1
2
9
7
7
0
0
0
0
0
0
0
0
0
0
141
137
0
n
46
46
2
3
19
3
19
1
(202i
n2
3
7
70
53
0
0
0
o0
n
n
n0
n
n
n7
n
o
n
O
n
n1
15
16
17
18
19
20
21
22
23
24
153
38
9
59
86
61
134
4
110
205
25
n0
0
0
0
n0
n
n
o0
n
12
16
12
n
16
2
1
2
18
0
18
0
0
0
32
1
31
26
27
28
3
2
3
1
2
3
1
1
1
5
0
4
1
n
n0
n
4
1
0
3
33
10
24
n
29
30
31
32
9
0
44
4
1
56
10
4
0
n1
O
1
27
3
112
6
1
0
17
64
2
n1
n0
0
0
0
2
0
0
0
0
0
0
1
n
52
9
5
140
10
11
3
4
58
6
1
1
4
7
5
31
33
34
35
36
37
38
39
40
41
42
43
44
45
7
7
0
2
2
n2
n
n
n
0
(1
0
118
7
n
n
0
o
n
0
n2
o8
o
o
0
0
0
n
0
8
11
0
0
3
n0
n0
n
9
5
1
94
48
0
n
5
1
n
n
32
o
n1
n
o
67
6
1
1
3
22
8
5
n
CD-
o
42
97
159
54
37
5
18
50
45
497
220
0
3
O
128
6
3
4
0
4
106
1
3
0
1
11
18
6
0
1
n3
n
0
n2
2
2
16
5
2
6
1
8
8
18
7
16
1
2
2
14
46
32
96
O
n
52
(D)
123
2
43
2
16
0
180
0
294
(D)
47
48
150
% September 1993
SURVEY OF CURRENT BUSINESS
Table 9.4.—Business, Professional, and
[Millions
Receipts
Line
Total
Advertising
Computer
and data
ing services
Data base
and other
information services
Research,
development, and
services
Management,
consulting, and
public relations
services
Construction,
engineering,
architectural,
and mining
services'
services
12,678
301
2,029
592
659
781
1,418
2,051
Canada
1,025
82
178
79
28
45
99
38
Europe
Belgium
France
Germany3
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom
Other
4,044
149
378
581
241
227
82
187
178
209
1,280
532
788
30
81
165
104
35
20
21
53
27
182
306
6
30
54
18
17
2
7
12
18
115
27
238
4
21
22
12
14
4
287
6
19
36
14
14
3
9
19
17
70
81
728
36
105
91
22
36
10
7
20
30
324
47
312
(D)
32
12
16
2
5
4
C)
Latin America and Other Western Hemisphere .
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
Other
1,756
1,583
109
167
445
412
450
173
37
136
122
115
5
28
42
20
21
7
1
5
35
28
1
4
14
2
6
7
3
4
18
17
121
108
1
9
40
6
52
13
75
56
7
10
17
10
12
19
7
11
Other countries ..
5,739
924
167
375
334
3
5
27
265
34
41
1
40
1,325
Africa
South Africa .
Other
620
136
484
53
4
4
1
n
71
3
68
3
1
1
185
45
140
Middle East
Israel
Saudi Arabia .
Other
1,024
89
750
185
227
25
19
5
1
2
35
3
17
15
38
10
9
18
445
2
397
46
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
4,095
300
178
90
190
1,522
496
100
48
127
254
328
462
644D
109
14
7
5
281
74
10
17
4
17
85
20
336
7
1
1
(D)
235
9
201
26
22
6
17
35
5
1
2
12
2
6
69
445
23
24
1
1
354
9
1
10
695
13
10
28
83
81
109
30
1
52
D
()
76
115
17
21
30
1
173
66
635
247
All countries
Unallocated
Addenda:
European Communities (12)
Eastern Europe
*
Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
1. Receipts for engineering, architectural, construction, and mining services are published net of merchandise exports, which are included in merchandise trade in the U.S. international transactions accounts, and net of outlays
abroad for wages, services, materials, and other expenses. Payments for engineering, architectural, construction,
and mining services are not published net of merchandise imports and outlays for wages and other expenses. Data
3,266
155
n
()
n
655
2
2
2
151
23
11
3
8
7
1
2
1
9
3
5
265
2
18
54
58
25
n
2
4
1
10
1
n
1
363
19
150
307
112
n
are not collected for merchandise imports and wages and other expenses, and no estimates are made because
they are believed to be small.
2. See table 2.1, lines 40-48, for details.
3. Prior to 1990, this line includes data only for the Federal Republic of Germany. Beginning in 1990, this line
also includes the former German Democratic Republic.
SURVEY OF CURRENT BUSINESS
September 1993 •
151
Technical Services, Unaffiliated, 1992
of dollars]
Receipts
Industrial
engineering
Installation,
maintenance, and
repair of
equipment
Payments
Other2
Advertising
Total
Computer
and data
processing
services
Data base
and other
information
services
Research,
development, and
testing
services
Management, consulting,
and public
relations
services
Legal services
Construction, engineering,
architectural, and
mining
servicesl
industrial
engineering
Installation,
maintenance, and
repair of
equipment
Other2
Line
424
2,837
1,586
3,594
515
148
85
296
376
311
384
52
627
800
1
11
247
218
446
37
16
17
37
9
21
53
(D)
143
(D)
2
91
892
33
72
117
31
76
8
112
33
50
242
118
307
(D)
29
41
8
6
(D)
11
11
9
129
55
1,609
173
7
29
23
9
5
1
10
5
10
59
17
86
1
8
D
()
1
(D)
50
40
1
29
3
173
2
12
47
5
3
4
3
4
6
74
12
28
1
n
n
n1
214
2
6
8
6
2
1
5
3
4
53
124
120
5
16
D
()
2
(D)
o
n6
156
4
20
20
4
8
3
39
10
12
216
1
15
26
8
7
0
5
11
7
93
42
393
17
58
36
18
18
3
7
6
17
199
14
3
4
5
6
7
8
9
10
11
12
13
14
525
496
60
(D)
87
37
(D)
29
322
315
10
23
198
18
66
7
1
6
15
14
1
4
6
4
3
n
n
n
n
n0
23
22
1
3
6
2
11
1
19
18
2
4
8
1
3
32
32
4
4
23
4
6
1
0
1
402
367
31
30
184
67
55
35
0
35
n
o
n
n
n
n0
n
0
0
0
0
0
0
0
0
0
0
144
143
0
1
113
0
29
1
0
1
74
72
2
5
62
3
0
4
0
4
15
16
17
18
19
20
21
22
23
24
265
1,270
557
1,115
280
35
17
79
114
70
175
5
121
219
25
91
42
50
71
15
56
119
106
25
82
0
n
n0
n
n
n
15
1
15
18
1
17
2
1
1
25
16
9
0
0
0
1
0
1
45
6
38
26
27
28
21
9
6
6
190
9
112
69
45
15
3
2
1
0
2
2
7
1
3
2
4
1
1
1
12
o
11
1
2
1
1
0
19
8
1
10
29
30
31
32
153
4
2
1,009
90
12
4
1
4
18
3
9
64
10
4
138
(D)
6
118
31
3
0
1
20
17
3
1
1
26
5
10
155
(D)
(D)
2
13
55
15
1
1
3
5
10
28
33
34
35
36
37
38
39
40
41
42
43
44
45
4
n
46
186
0
355
(D)
47
48
0
5
12
3
7
(D)
3
4
1
15
D
()
37
37
1
CNJ
/Dj
/D\
/Dj
(°)
40
170
209
53
89
14
31
47
69
650
237
0
4
0
0
0
R
55
17
22
16
7
2
4
1
n
0
0
n1
1
1
n
n
{
'l
6
O
5
0
n
n0
n0
n
954
103
99
13
59
374
62
15
14
23
44
61
87
6
6
D
()
7
4
1
2
il
4
19
27
-21
103
10
6
54
2
759
19
240
(D)
1,316
152
2
CVJ
394
37
27
13
(D)
103
12
(D)
2
10
(D)
8
(D)
273
16
(D)
1
21
34
43
2
0
0
7
17
20
52
63
29
17
268
224
34
14
40
130
68
71
139
0
156
14
1
1
0
n
15
16
52
14
11
11
n2
3
n
n0
n
n
n
33
13
1
1
16
o2
0
10
1
41
2
n0
n
n3
n0
n
n
0
62
2
n
n
1
32
5
o
n
n2
O
11
13
n
s
1
6
1
(D)
D
()
1
1
4
3
38
7
1
3
4
1
(D)
8
2
13
17
28
4
79
47
O
n
117
1
95
(D)
152
2
109
4
n1
0
2
:
n
n2
n8
o2
2
0
2
n
n
O
0
0
5
n0
1
0
2
n0
2
0
0
o
n
24
n
• September
SURVEY OF CURRENT BUSINESS
Table 10.—Sales of Services by Nonbank Majority-Owned Foreign
Affiliates of U.S. Companies and by Nonbank Majority-Owned
U.S. Affiliates of Foreign Companies
[Millions of dollars]
Table 11.—Sales of Services to Foreign Persons by Nonbank
Majority-Owned Foreign Affiliates of U.S. Companies, and to
U.S. Persons by Nonbank Majority-Owned U.S. Affiliates of Foreign
Companies, by Country'
[Millions of dollars]
1990
1991
Sales by MOFA's to
foreign persons
Sales by foreign affiliates
Total
133,339
20,065
113,273
145,980
20,561
125,419
12,080
7,309
4,771
12,518
7,578
4,940
121,259
12,756
108,502
133,462
12,983
120,480
Local sales
To other foreign affiliates
To unaffiliated foreigners
106,624
5,345
101,279
118,667
5,209
113,458
Sales to other countries
To other foreign affiliates
To unaffiliated foreigners
14,635
7,412
7,223
14,795
7,774
7,021
To affiliated persons
To unaffiliated persons .
To U.S. persons
To U.S. parents
To unaffiliated U.S. persons .
To foreign persons
To other foreign affiliates
To unaffiliated foreign persons .
Total
To U.S. persons
To foreign persons
To the foreign parent group .
To foreign affiliates
To other foreigners
116,047
109,169
6,877
3,611
113
3,153
126,459
119,034
7,425
3,894
188
3,343
NOTE.—Sales of services in this table are those characteristic of the following industries: Industries in the
"services" division of the Standard Industrial Classification; finance (except banking), insurance, and real estate;
agricultural, mining, and petroleum services; and transportation, communication and public utilities. The exclusion
of banking reflects the limitation of the data to nonbanks, not a judgment that banking is not a service.
1990
1991
1990
1991
119,034
121,259
133,462
109,169
Canada
18,214
18,254
21,994
20,868
Europe
Belgium
France
Germany
Italy
Netherlands
Norway
Spain
Sweden
Switzerland
United Kingdom .
Other
69,233
3,206
8,376
8,339
4,842
7,989
635
2,001
(D)
2,968
26,131
(D)
75,572
3,591
9,349
9,730
5,337
7,537
704
2,298
(D)
3,590
28,303
7,972
8,355
64,540
415
5,104
5,564
(D)
8,145
177
220
(D)
10,211
30,336
2,174
2,309
All countries ...
Latin America and Other Western Hemisphere
Sales by U.S. affiliates
Sales by MOUSA's
to U.S. persons
South and Central America
Argentina
Brazil
Mexico
Venezuela
Other
()
437
1,921
626
Other Western Hemisphere
Bermuda
Other
Other countries
23,187
650
39
611
Africa
South Africa .
Other
Middle East
Israel
Saudi Arabia .
Other
Asia and Pacific
Australia
Hong Kong
India
Indonesia
Japan
Korea, Republic of
Malaysia
New Zealand
Philippines
Singapore
Taiwan
Other
International2 ..
United States
3,994
508
1,652
796
348
497
10
16
105
99
267
71,715
470
5,407
8,527
(D)
8,625
297
204
(D)
11,038
30,524
2,296
2,552
514
9
18
132
123
233
4,361
1,813
697
2,038
816
28,166
635
35
600
1,222
23,291
187
120
1,205
(D)
()
1,416
(D)
614
1,459
92
359
1,008
1,397
153
323
921
21,332
4,124
26,115
4,398
3,306
(D)
237
12,126
419
353
1,746
214
1,437
1,009D
()
3,116
18,164
4,431
776
21,774
(D)
886
1
57
15,233
191
25
(D)
36
106
128
421
3,088
(D)
255
9,934
366
298
430
(D)
1,179
771
716
2,652
3
Addenda:
European Communities (12)
Eastern Europe
1,115
19,810
62,867
D
68,343
D
?o
12,489
66
17
43
39
85
140
67
517
607
52,107
16
56,470
17
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
MOFA Majority-owned foreign affiliate
MOUSA Majority-owned U.S. affiliate
1. For MOFA's, "country" is the country of the affiliate; for MOUSA's, it is the country of the affiliate's ultimate
beneficial owner.
2. Foreign affiliates classified in "International" are those that have operations in more than one country and
that are engaged in petroleum shipping, other water transportation, or operating movable oil- and gas-drilling
equipment.
3. Contains data for U.S. affiliates that have a foreign parent but whose ultimate beneficial owner is a U.S.
person.
SURVEY OF CURRENT BUSINESS
September 1993
Table 12.1.—Sales of Services to Foreign Persons by Nonbank Majority-Owned Foreign Affiliates of U.S. Companies, Industry
of Affiliate by Country of Affiliate, 1990
[Millions of dollars]
Europe
Of which:
All counCanada
tries
Total
France
All industries
Of which:
Switzerland
7,989
2,968
26,131
7,972
23,187
4,124
2,236
491
1,191
165
2,288
0
58
26
1,890
315
1,038
17
43
1
2,329
8
5
121
2,162
682
3,141
18,214
69,233
527
3,511
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
16,077
61
312
61
13,573
2,069
1,814
0
114
29
10,896
36
151
30
9,534
1,145
2,033
0
0
0
2,535
0
n
2
1,161
26
15
0
Wholesale trade
15,856
11,040
1,681
890
650
8,339
252
8
1
0
0
0
1
Total
508
11,087
D
259
Insurance
21,280
5
()
Real estate
666
Services
Hotels and other lodging places
Advertising
Equipment rental and leasing, except autos and computers
Computer and data processing services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services ..
Health services
Other
Other industries
Agriculture, forestry, and fishing
Mining
Construction
Transportation
Communication
Public utilities
,
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
6,111
38,730
2,593
4,033
678
7,741
5,469
4,651
4,993
369
8,202
9,261
6
94
236
4,546
2,042
2,337
3,913
273
280
177
632
332
27,676
1,072
2,991
441
5,817
4,370
3,620
3,630
222
5,512
364
1
1
3,856
204
300
(D)
546
255
327
742
0
3,196
238
370
()
211
311
85
(D)
1,372
(D)
2
90
1,614
(D)
0
0
0
641
2,652
2,074
2,145
0
1
0
n
960
420
340
4,941
65
378
(D)
711
2,494
775
121
0
4,147
993
(D)
42
0
340
38
6
304
51
9,605
183
941
48
2,253
950
1,752
1,097
126
2,256
2,711
n
9,934
1,086
347
5,376
8
(D)
Japan
Pi
6
Finance, except banking
Australia
0
1,057
Retail trade
International
Germa- Netherny
lands
7,795
8,376
Other countries
United
Kingdom
121,259
Petroleum
Latin
America and
Other
Westem
Hemisphere
0
(D)
107
3,144
1,366
424
85
49
192
199
46
587
2
4
3
685
3
6,649
250
93
0
5,774
824
676
11
1,100
568
(D)
817
(D)
1,098
1,747
459
0
243
128
152
8
3,749
1,595
0
171
279
30
276
0
578
578
•
September 1993
SURVEY OF CURRENT BUSINESS
Table 12.2.—Sales of Services to Foreign Persons by Nonbank Majority-Owned Foreign Affiliates of U.S. Companies, Industry
of Affiliate by Country of Affiliate, 1991
[Millions of dollars]
Europe
Of which:
All counCanada
tries
All industries
Petroleum
Total
133,462 18,254 75,572
8,081
532
9,730
7,537
P)
279
205
1,655
577
1,405
2,036
0
0
1
1,711
325
2,927
0
1,180
32
18
0
1,117
12
1
0
0
0
D
(D)
()
2,235
0
119
20
937
1,786
1,156
659
1,098
2,151
Wholesale trade
17,206
1,002 12,030
B
n
44
D
621
236
Finance, except banking
()
6,052
6,583
255
1
1
Services
Hotels and other lodging places
Advertising
Equipment rental and leasing, except autos and computers
Computer and data processing services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services ..
Health services
Other
41,742
1,991
4,498
889
9,018
4,843
5,478
5,262
295
4,063 30,224
922
201
318 3,334
596
210
685
299 3,796
4,134
() 3,873
211
1D8
( ) 6,457
4,616
171D
()
42
699
315
3,672
222
Other industries
Agriculture, forestry, and fishing
Mining
Construction
Transportation
Communication
Public utilities
12,173
5
77
267
* Less than $500,000.
D
Suppressed to avoid disclosure of data of individual companies.
()
2,838
69
(D)
1,318D
()
()
n
1
(D)
2,110
108
0
3
128
3
0
440
International
Australia
Japan
4,398 12,126
3,116
186
216
2,441
2,867
6
6
150
5
3
2,656
0
1
0
794
3,380
27
114
928
2,535
437
3,240
8,193
294
4,851
2,020
181
415
0
346
126
403
179
0
370
()
8,355 28,165
n10
1
nnn
n
1,221
D
()
5,421
Real estate
3,590 28,303
293
23,437
o
Total
207
1,717 11,121
42
0
226
112
67
23
n
Of which:
9,349
16,643
49
354
92
13,880
2,269
Insurance
United
Kingdom
Other countries
3,126
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
Retail trade
SwitGerma- NetherFrance
ny
lands zerland
Latin
America and
Other
Western
Hemisphere
410
4,323
78
87
4,266
1,065 10,943
162
(D)
998
46
94
0
336 2,695
858
57
7 2,315
353 1,053
122
59
2,646
1,363 6,092
444
424
78
767
23
60
174 1,260
200
547
(D)
(D)
134
781
D
21
279
485
0
()
894
1,819
558
125
0
()
0
0
0
786
()
0
0
D
()
107
()
n
148
0
(D)
334
32
270
0
675
n
0
(D)
716
675
September 1993 •
SURVEY OF CURRENT BUSINESS
155
Table 13.1.--Sales of Services to U.S. Persons by Nonbank Majority-Owned U.S. Affiliates of Foreign Companies, industry of
Affiliate by Country of UBO, 1990
[Millions of dollars]
Latin
Europe
Of which
All counCanada
tries
Total
France
Germa- Nether- Switny
lands zerland
30,336
2,309
19,810
4,431
12,489
517
25
(D)
(D)
(D)
161
1
(D)
(D)
0
22
1,668
2,632
118
(D)
1
(D)
53
147
(D)
49
507
(D)
138
0
15
188
0
0
10
80
97
(D)
70
19
(D)
(D)
(D)
2
2
0
0
0
1
(DD)
()
19
34
344
(D)
0
0
0
0
0
0
841
160
8
648
0
(D)
2
2
0
D
11
(D)
7,033
(D)
5,686
343
(D)
0
27
D
()
587
2,215
1,091
0
0
()
124
Wholesale trade
/D\
343
1,931
119
Retail trade
/D\
D
()
()
30
28
4,542
366
3,286
103
(D)
Finance, except banking
1,764
364
121
D
Japan
10,211
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
0
Australia
(D)
1,275
433
United
States
8,145
64,540
702
n
(99D)
Total
(D)
21,994
2,987
5,104
Of which:
5,564
109,169
Petroleum
All industries
United
Kingdom
ica and
Other
Western
Hemisphere
Other countries
D
n
(*)
(Di
15
(D)
()
D
()
583
()
78
0
1,534
(D)
833
(D)
599
n
D
(D)
(D)
(D)
374
(D)
(D)
5,726
11,210
(D)
693
(D)
371
117
Real estate
13,408
4,914
3,002
236
384
844
259
913
379
5,004
309
3,295
109
Services
Hotels and other lodging places
Advertising
Equipment rental and leasing, exc. autos & computers ...
Computer and data processing services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other
25,702
4,260
2,741
1,900
15,499
1,396
2,598
2,311
795
5
0
4
(D)
8
(D)
22
(D)
19
496
36
0
0
153
13
55
(D)
0
(D)
46
0
2
590
0
215
19
(D)
(D)
8,756
(D)
652
(D)
(D)
0
(D)
135
0
274
583
(D)
0
(D)
0
36
3
1
0
D
()
7,651
2,722
(D)
0
0
27
2
(D)
0
2
0
D
()
4,668
2,167
69
(D)
41
(D)
8
7
0
0
0
0
Other industries
Agriculture, forestry, and fishing
Mining
Construction
Transportation
Communication
Public utilities
11,797
(D)
17
2
(D)
D
()
2
(DD)
()
1
229
306
2
0
199
0
0
(D)
1
2
0
210
(D)
0
3,358
(DD)
()
0
0
D
()
1
0
2,183
(D)
0
0
(D)
D
()
1
0
951
(D)
0
(D)
D
()
0
(D)
Insurance
* Less than $500,000.
Suppressed to avoid disclosure of data of individual companies.
UBO Ultimate beneficial owner
D
804
1,907
5,426
2,447
609
(D)
(D)
106
83
2,242
6,793
792
1,781
90
7
(D)
D
()
473
151
10
496
335
(D)
5
23
87
(D)
38
(D\
532
1,650
D
()
2,070
481
(D)
4,881
6,731
34
60
1,584
3,766
751
536
n
198
0
0
717
1,941
204
540
1,352
778
238
4
2,981
1
33
602
1,862
(D)
(D\
95
87
75
(D)
223
116
(D)
826
(D)
0
570
1,538
2
(D)
95
(D)
41
(D)
222
105
(D)
364
(D)
0
0
0
(D)
0
0
156 • September 1993
SURVEY OF CURRENT BUSINESS
Table 13.2.—Sales of Services to U.S. Persons by Nonbank Majority-Owned U.S. Affiliates of Foreign Companies, Industry of
Affiliate by Country of UBO, 1991
[Millions of dollars]
Europe
Of which:
All counCanada
tries
Total
France
SwitGerma- Netherny
lands zerland
607
P)
P)
P)
4
P)
0
(*)
636
163
31
P)
P)
P)
31
0
0
0
75
449
P)
P)
P)
P)
0
0
P)
8P)
P)
49
0
20
782
19
P)
0
P)
P)
0
P)
133
7
90
0
8,625
11,038
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing
7,578
P)
6,147
P)
P)
P)
P)
25
Wholesale trade
Retail trade
P)
101
0
0
0
31
50
2,450
1,645
P)
990
P)
P)
8
P)
31
225
P)
173
1,127
P)
P)
P)
83
723
26
23
5,255
561
3,360
96
0
0
101
81
2,106
203
P)
13
30,524
P)
P)
129
P)
704
1,594
1,226
10
1,055
P)
11,076
165
P)
P)
P)
P)
426
125
P)
P)
P)
415
3,353
3,210
221
395
760
516
1,035
P)
5,298
Services
Hotels and other lodging places
Advertising
Equipment rental and leasing, exc. autos & computers ...
Computer and data processing services
Motion pictures, including television tape and film
Engineering, architectural, and surveying services
Accounting, research, management, and related services
Health services
Other
28,092
4,885
2,774
1,909
16,250
1,628
2,594
2,960
809
4
0
5
P)
1,371
8,795
653
861
P)0
9,174
3,007
P)6
P)
16
Other industries
Agriculture, forestry, and fishing
Mining
Construction
Transportation
Communication
Public utilities
11,739
* Less than $600,000.
Suppressed to avoid disclosure of data of individual companies.
UBO Ultimate beneficial owner
D
1,703
6,596
2,505
660
P)
P)
94
70
155
8
P)
1,450
420
122
11
573
372
P)
2,158
P)
5
23
709
a
2,062
P)
1,191
7,613
628
47
601
940
P)
P)0
P)
P)
P)
5,262
183
0
304
a
6,706
P)
620
541
31
47
939
P)
679
15
1
a
20
P)
21
P)
39
324
2
0
(1
6,001
12,304
834
0
P)
P)
Real estate
Insurance
2
0
P)
P)
P)
P)
P)
P)
Finance, except banking
Japan
15,233
8,527
10
433
United
States
Australia
P)
5,407
1,170
n0
Total
242
71,715
809
P)
Of which:
23,291
20,868
3,182
596
Other countries
2,552
119,034
Petroleum
AH industries
United
Kingdom
Latin
America and
Other
Western
Hemisphere
17
0
P)
58
P)0
P)
367
0
0
3»
0
0
47
0
3
441
0
178
21
a
296
1
3
0
1,649
243
430
P)
P)
277
5
P)
3,459
1
P)
43
3
2
0
P)
P)
P)
0
0
1,941
P)
P)
0
P)
P)
P)
1
0
P)
P)
63
P)
221
107
0
0
41
2
P)0
n
829
P)
0
212
1,864
P)
P)0
P)
1,694
P)
P)
0
0
0
P)
1
3
2
3,179
P)
5,156
2,333
107
P)
P)
52
P)
220
P)
P)
400
P)
P)
P)
0
7
0
0
0
0
P)
P)
P)
P)
P)
0
0
1
P)
0
0
P)
0
0
September
C-l
SURVEY OF CURRENT BUSINESS
BUSINESS
CYCLE
INDICATORS
Data tables
Footnotes for pages C-l through C-5
Charts
C-l
C-6
C-7
NOTE TO USERS: The composite indexes of leading, coincident, and lagging indicators are scheduled to be revised in the
November SURVEY. For more information, see the box on page C-6.
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers and are subject to their copyrights.
Current and historical data for the series shown in the C-pages are available on diskettes, printouts, and the Commerce
Department's Economic Bulletin Board. For more information, contact the Business Cycle Indicators Branch, Business
Outlook Division (BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. (Telephone:
(202) 606-5366; fax: (202) 606-5313.)
NOTE.—This section of the SURVEY is prepared by the Business Cycle Indicators Branch.
Series
no.
Year
1992
1993
Series title and timing classification
1992
July
Aug.
Sept
Nov.
Oct
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
1. COMPOSITE INDEXES
The Leading Index
910 •
4
1 4
5*
8*
32*
Composite index of leading indicators, 1982»100 (L,L,L) ....
Percent change from previous month
Percent change over 3-month span AR
Leading index components:
Average weekly hours mfg (L L L)
Average weekly initial claims for unemployment
insurance, thous. (L.C.L) l $.
Mfrs.' new orders, consumer goods and materials,
Vendor performance, slower deliveries diffusion index,
92*
percent (L,L,I_).
Contracts and orders for plant and equipment, bil. 1982$
(I
| n
(L,L,L).
Index of new private housing units authorized by local
building permits, 1967=100 (L,L,L).
Change in mfrs.1 unfilled orders, durable goods, bil.
99*
Change in sensitive materials prices, percent, smoothed
20*
29 •
148.9
.5
4.7
148.9
.1
-1.6
148.6
_ p
148.7
.1
1.3
149.4
150.5
.7
12.4
153.1
1.7
8.6
152.5
.4
7.4
153.2
.5
-3.9
151.6
-1.0
--1.6
-151.9
-.2
-4.6
151.4
-151.5
.1
--.8
-151.6
-.1
M.6
''153.1
-.3
41.0
412
41.1
417
41.1
436
41.0
455
41.1
396
41.2
373
41.2
333
41.4
364
41.4
343
41.2
376
41.5
374
41.4
390
41.2
386
41.4
-399
M1.5
^378
1,106.53
91.74
91.04
91.90
93.50
95.13
99.05
98.64
98.21
96.26
96.48
94.51
-94.89
-94.03
''94.65
50.2
51.1
50.2
50.9
48.8
51.0
51.7
53.2
53.1
52.1
53.6
51.7
49.9
49.6
51.6
520.10
43.07
-42.70
43.88
43.79
42.62
47.54
45.55
49.76
47.23
46.94
48.26
-51.23
-50.00
p 52.97
87.7
86.4
86.2
89.3
91.0
90.6
95.4
92.3
91.0
82.5
87.8
89.4
88.9
92.7
99.0
-2.81
-2.94
-3.20
-3.49
-3.35
-3.47
-3.06
-2.43
-1.85
-1.99
-2.30
-2.80
--3.20
--3.07
''-2.92
.27
.72
.52
.50
.22
-.15
-.26
-.22
-.16
-.20
--.36
--.46
-.48
-.47
-.43
415.74
415.05
417.93
418.48
412.50
422.84
435.64
435.23
441.70
450.16
443.08
445.25
448.06
447.29
454.13
2,387.5
70.3
-2,377.3
67.6
-2,378.6
69.5
-2,380.8
67.4
-2,378.8
67.5
-2,376.8
78.2
-2,373.0
89.5
-2,355.4
83.4
-2,340.2
80.6
-2,335.3
75.8
-2,327.2
76.4
-2,344.4
68.5
-2,349.2
70.4
54.5
67.0
50.0
59.1
40.9
63.6
54.5
77.3
63.6
81.8
63.6
81.8
77.3
72.7
36.4
72.7
50.0
45.5
9.1
22.7
54.5
31.8
36.4
M5.5
54.5
-45.5
123.6
.1
1.5
123.8
.4
-.6
123.2
-.5
4
Composite index of coincident indicators, 1982=100 (C.C.C)
Percent change from previous month
Percent change over 3-month span AR
123.3
.1
.3
123.9
.5
3.3
124.2
.2
7.3
125.5
1.0
5.3
125.5
0
5.9
126.0
.4
1.9
126.1
.1
4.5
126.9
.6
3.9
127.2
.2
-2.9
-127.0
--.2
- -1 3
-126.5
--.4
3,6
41 •
51 •
Coincident index components:
Employees on nonagricultural payrolls, thous. (C.C.C) ....
Personal income less transfer payments, bil. 1987$, AR
108,519
3,460.4
108,605
3,432.8
108,615
3,450.0
108,674
3,451.2
108,789
3,484.7
108,921
3,484.5
109,079
3,689.9
109,235
3,441.9
109,539
3,449.3
109,565
3,471.1
109,820
3,517.7
110,058
-3,524.3
-110,101
-3,511.7
106.5
106.8
5,852,306 -490,591
106.6
-485,782
106.2
492,068
107.5
491,584
108.4
495,679
108.9
505,895
109.3
505,283
109.9
507,033
110.1
505,647
110.4
503,088
-110.4
110.2
-110.9
505,922 -509,945 >> 504,496
19*
106 •
83 •
950
4
(L.L.L) f .
Index of stock prices, 500 common stocks, 1941-43=10,
MO
A /I
1 1 \* .
INoA
IL.L.L)
Money supply M2 bil. 1982$ (L.LL)
Index of consumer expectations, U. of Michigan,
1966:1=100, NSA (L,L,L)© 2 .
Diffusion index of 11 leading indicator components:
Percent rising over 1-month span
Percent rising over 6-month span
-2,351.3 ''2,346.3
64.7
65.8
^90.9
The Coincident Index
920 •
47*
57 •
951
4
ir c r\
Index of industrial production, 1987=100 (C.C.C)
Manufacturing and trade sales, mil. 1987$ (C.C.C)
Diffusion index of 4 coincident indicator components:
Percent rising over 1-month span
.
. . .
Percent rising over 6-month span
o
65.6
89.6
87.5
100.0
25.0
100.0
37.5
100.0
75.0
100.0
87.5
87.5
100.0
100.0
50.0
100.0
100.0
100.0
62.5
75.0
75.0
-75.0
106.0
-.5
-5.6
104.7
-.7
-5.2
104.9
.2
-4.5
104.2
• .7
-2.3
104.1
.1
-1.1
104.6
.5
104.2
-.4
-1.1
103.8
-.4
-2.6
103.9
.1
-2.3
103.6
-.3
--1.5
17.9
1.61
18.3
1.60
18.3
1.62
18.5
1.60
19.2
1.60
18.4
1.59
19.2
1.56
18.7
1.56
18.3
1.56
127.4
3
.7
-110,312 ''110,273
-3,493.9 ^3,537.2
75.0
100.0
-62.5
-50.0
-103.4
--.2
--2.7
-103.2
-.2
- 8
-103.4
-.2
-3.1
104.2
-.8
4
4.7
17.5
1.57
17.4
1.58
17.6
1.57
17.6
1.56
17.9
M.57
3
3
M11.1
3
83.3
The Lagging Index
930 •
4
91 •
77*
62*
109 •
101 •
95*
120 •
952
4
940 •
Composite index of lagging indicators, 1982=100 (Lg.Lg.Lg)
Percent change from previous month
Percent change over 3-month span AR
Lagging index components:
Average duration of unemployment, weeks (Lg.Lg.Lg) $ .
Ratio, mfg. and trade inventories to sales in 1987$
l\ n I n 1 ri\
(Lg.Lg.LQ).
Change in labor cost per unit of output, mfg., percent,
AR smouincu
cmnnthor! II
n 1 n 1 n)
nn,
^Ly,Ly,Lyj
y +. '
Average prime rate charged by banks, percent, NSA
iLg,Lg,Lg; .
Commercial and industrial loans outstanding, mil. 1982$
(Lg.Lg.Lg).
Ratio, consumer installment credit outstanding to
personal income, percent (Lg.Lg.Lg).
Change in Consumer Price Index for services, percent,
AR, smoothed (Lg.Lg.Lg) t
Diffusion index of 7 lagging indicator components:
Percent rising over 1-month span
Percent rising over 6-month span ..
Ratio, coincident index to lagging index, 1982=100 (L,L,L) .
Digitized forNOTE.—The
FRASER
following current high values
o
.1
0
.2
.8
.6
-1.4
-.2
-2.2
-3.7
--4.3
'-4.3
--3.7
--3.4
--2.8
6.25
6.02
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
361,793
356,142
356,459
354,948
359,663
364,712
365,248
359,005
359,516
353,251
-354,116
-355,773
-356,490
14.27
14.24
14.28
14.17
14.01
14.05
13.46
14.23
14.24
14.18
14.01
-13.96
-14.04
^ 14.18
3.8
3.5
3.3
3.1
3.4
3.7
3.9
4.1
4.2
4.2
4.3
4.3
4.2
3.8
32.1
20.3
14.3
14.3
28.6
14.3
21.4
42.9
57.1
42.9
64.3
42.9
50.0
50.0
42.9
42.9
71.4
35.7
42.9
57.1
-71.4
50.0
42.9
60.0
57.1
-64.3
116.7
118.2
117.4
118.3
119.0
118.7
120.4
120.9
121.3
121.7
-122.7
-123.3
-122.8
-121.4
were reached before July 1992: June 1991—BCI-106 (2,424.6); August
See page C-6 for other footnotes.
4
4
104.4
4
.2
18.3
P-2.0
6.00
-362,331 ''364,402
3.7
4
50.0
''122.0
C-2
Series
no.
• September 1993
SURVEY OF CURRENT BUSINESS
Year
1992
1993
Series title and timing classification
1992
July
|
Aug.
|
Sept
Oct
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
2. LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
441
442
451
452
453
21 •
5*
46 <
60
41 <
963
40*
90*
37
43*
45
91 •
44
Labor force:
Civilian labor force, thous
Civilian employment, thous
Civilian labor force participation rates (percent):
Males 20 years and over
Females 20 years and over
Both sexes 16-19 years of age
Marginal employment adjustments:
Average weekly hours, mfg. (L,L,L)
Average weekly overtime hours, mfg. (L,C,L)
Average weekly initial claims for unemployment
insurance, thous. (L.C.L) l $.
Job vacancies:
Index of help-wanted advertising, 1967-100 (L.Lg.U)
Ratio, help-wanted advertising to unemployed (L,Lg,U) ..
Employment:
Employee hours in nonagricultural establishments,
bil. hours, AR(U,C,C).
Persons engaged in nonagricultural activities, thous.
(U.C.C).
Employees on nonagricultural payrolls, thous. (C.C.C) ...
Diffusion index of employees on private nonagricultural
payrolls, 356 industries:
Percent rising over 1-month span
Percent rising over 6-month span
Employees in goods-producing industries, thous. (L,C,U)
Ratio, civilian employment to population of working age,
percent (U,Lg,U).
Unemployment:
Number of persons unemployed, thous. (L,Lg,U) $
Civilian unemployment rate, percent (L.Lg.U) t
Average weekly insured unemployment rate, percent
(ULg.U) 2 !.
Average duration of unemployment, weeks (Lg.Lg.Lg) $
Unemployment rate, 15 weeks and over, percent
(Lg,Lg.Lg)$.
126,982
117,598
127,350
117,722
127,404
117,780
127,274
117,724
127,066
117,687
127,365
118,064
127,591
118,311
127,083
118,071
127,327
118,451
127,429
118,565
127,341
118,416
128,131
119,273
128,127
119,219
128,070
119,301
128,370
119,710
77.3
58.4
51.3
77.4
58.6
51.3
77.5
58.5
51.5
77.3
58.3
52.1
77.3
58.2
50.6
77.1
58.4
51.4
77.1
58.5
51.6
76.8
58.2
51.0
76.8
58.2
52.1
76.9
58.2
51.3
76.8
58.1
51.7
77.1
58.4
52.7
77.0
58.5
51.4
76.9
58.3
51.9
77.1
58.5
51.6
41.0
3.8
412
41.1
3.8
417
41.1
3.8
436
41.0
3.6
455
41.1
3.8
396
41.2
3.9
373
41.2
3.9
333
41.4
4.0
364
41.4
4.2
343
41.2
4.0
376
41.5
4.2
374
41.4
4.1
390
41.2
4.0
386
41.4
4.0
-399
'41.5
'4.2
'378
92
.291
91
.281
93
.287
90
.280
92
.292
95
.304
95
.305
92
.304
97
.325
96
.322
96
.320
100
.336
97
.324
100
.339
'104
'.357
'205.23
200.52
200.11
200.92
199.92
200.77
202.01
201.86
201.98
202.47
202.33
202.78
205.28
- 203.57
-204.06
114,391
114,515
114,562
114,503
114,518
114,855
115,049
114,879
115,335
115,483
115,356
116,203
116,195
116,262 '116,729
108,519
108,605
108,615
108,674
108,789
108,921
109,079
109,235
109,539
109,565
109,820
110,058
-110,101
-110,312 '110,273
50.2
50.0
23,142
61.4
52.2
47.3
23,160
61.4
45.5
45.6
23,073
61.4
52.7
48.9
23,012
61.3
52.4
51.8
22,995
61.3
52.0
57.7
22,995
61.4
54.8
56.6
22,985
61.5
58.1
59.7
23,001
61.3
59.7
58.3
23,069
61.4
51.0
-58.3
23,016
61.4
53.8
-'57.3
22,980
61.3
56.9
'50.6
23,006
61.7
-46.5
-'57.3
'46.6
-22,941
61.6
-22,948
61.6
'22,894
61.8
9,384
7.4
3.0
9,628
7.6
3.1
9,624
7.6
3.0
9,550
7.5
3.0
9,379
7.4
2.9
9,301
7.3
2.8
9,280
7.3
2.6
9,013
7.1
2.6
8,876
7.0
2.5
8,864
7.0
2.5
8,925
7.0
2.6
8,858
6.9
2.6
8,908
7.0
2.6
8,769
6.8
2.6
8,661
6.7
2.6
17.9
2.6
18.3
2.8
18.3
2.8
18.5
2.8
19.2
2.8
18.4
2.7
19.2
2.8
18.7
2.6
18.3
2.5
17.5
2.4
17.4
2.3
17.6
2.3
17.6
2.2
17.9
2.4
18.3
2.4
3. OUTPUT, PRODUCTION, AND CAPACITY UTILIZATION
50
49
Output:
Gross domestic product, bil. 1987$, AR (C.C.C)
Percent change from previous quarter, AR
Gross national product, bil. 1987$, AR (C,C,C)
Value of domestic goods output, bil. 1987$, AR (C.C.C)
47*
73*
74*
75*
Industrial production indexes, 1987-100:
Total (C.C.C)
Durable manufactures (C.CC)
Nondurable manufactures (C,L,L)
Consumer goods (C.L.C) '.
124
Capacity utilization rates (percent):
Total industry (L.C.U)
Manufacturing (L.C.U)
4,986.3
2.6
4,994.0
2,005.7
4,998.2
3.4
5,068.3
5.7
5,068.4
2,057.7
5,006.4
2,011.0
-5,102.1
-1.9
-5,104.1
-2,069.1
5,078.2
.8
5,080.7
2,060.2
106.5
108.1
105.4
105.2
106.8
108.2
105.7
104.9
106.6
108.5
105.2
105.1
106.2
108.1
105.2
104.4
107.5
109.8
105.8
106.4
108.4
110.9
106.4
107.1
108.9
111.8
106.0
107.5
109.3
112.9
106.4
107.6
109.9
113.8
106.4
108.5
110.1
114.1
106.6
108.6
110.4
115.0
106.9
108.1
110.2
-114.9
-106.9
-107.3
-110.4
-114.5
-107.3
-107.3
-110.9
-115.2
-107.0
-107.5
'111.1
'115.6
'107.2
'107.3
79.8
78.8
80.0
78.9
79.7
78.7
79.3
78.4
80.2
79.2
80.8
79.7
81.0
79.8
81.2
80.3
81.5
80.5
81.6
80.6
81.7
80.9
81.5
-80.7
-81.5
-80.6
-81.8
-80.7
'81.8
4. SALES, ORDERS, AND DELIVERIES
57 •
59*
8*
32 •
Sales:
Manufacturing and trade sales, mil. 1987$ (C,C,C)
Sales of retail stores, mil. 1987$ (U.L.U)
Orders and deliveries:
Mfrs.1 new orders, durable goods, bil. 1982$ (L,L,L)
Mfrs.' new orders, consumer goods and materials,
bil. 1982$ (L,L,L).
Mfrs.' unfilled orders, durable goods, mil. 1982$ 0
Change from previous month, bil. 1982$
Change from previous month, bil. 1982$, smoothed
(L,L,L)f.
Vendor performance, slower deliveries diffusion index,
percent (L,L,L).
5,852,306 -490,591 -485,782
1,673,465 -138,317 -139,247
492,068
140,112
491,584
142,762
495,679
142,497
505,895
144,207
505,283
143,782
507,033
143,076
505,647
141,496
503,088
143,793
505,922 -509,945 '504,496
145,047 -146,144 -146,476 '146,678
1,182.69
1,106.53
96.42
91.74
96.39
91.04
96.80
91.90
100.85
93.50
98.63
95.13
107.31
99.05
104.59
98.64
106.77
98.21
103.02
96.26
-102.56
96.48
100.14
94.51
-104.38
-94.89
363,068
-2.83
-2.81
376,940
-4.52
-2.94
373,227
-3.71
-3.20
368,991
-4.24
-3.49
367,781
-1.21
-3.35
362,972
-4.81
-3.47
363,068
.10
-3.06
362,856
-.21
-2.43
362,016
-.84
-1.85
356,661
-5.36
-1.99
352,925
-3.74
-2.30
348,264
-4.66
-2.80
-344,685
--3.58
--3.20
50.2
51.1
50.2
50.9
48.8
51.0
51.7
53.2
53.1
52.1
53.6
51.7
49.9
119.3
55 625
121.1
59 691
121.7
' 6 0 813
121.1
121.4
'120.3
-101.46
-94.03
'103.29
'94.65
-344,148 '341,693
--.54
'-2.46
'-2.92
--3.07
51.6
49.6
5. FIXED CAPITAL INVESTMENT
12 •
13*
10
20*
27*
94
11
97
61
100 •
Formation of business enterprises:
Index of net business formation, 1967-100 (L.L.L)
Number of new business incorporations (L L L)
Business investment commitments:
Contracts and orders for plant and equipment, bil.$
(L.L.L).
Contracts and orders for plant and equipment, bil. 1982$
/1 1 1 \
(L.L.Lj.
Mfrs.' new orders, nondefense capital goods, bil. 1982$
(L,L,L).
Construction contracts awarded for commercial and
industrial buildings, mil. sq.ft.(L,C,U)© 3 .
New capital appropriations mfg bil $ (U Lg U)
Backlog of capital appropriations mfg. bil.$ (C,Lg Lg) 0 .
Business investment expenditures:
New plant and equipment expenditures by business,
bil.$, AR (C.Lg.Lg)* §.
New plant and equipment expenditures by business,
bil. 1987S.AR (C,Lg.Lgr§.
116.3
669 519
116.6
56 942
114.2
51 245
118.5
59179
403.24
33.14
-31.74
33.27
520.10
43.07
-42.70
43.88
119.0
61,695
33.90
30.23
35.77
32.84
35.91
33.13
33.35
33.17
-38.19
-33.87
'35.62
43.79
42.62
47.54
45.55
49.76
47.23
46.94
48.26
-51.23
-50.00
'52.97
482.06
39.62
39.37
41.17
40.86
39.95
44.84
42.30
47.31
44.17
44.76
45.83
-47.97
-47.17
'50.24
497.94
42.00
42.68
38.60
45.51
42.49
42.61
36.89
39.88
43.63
45.63
40.75
43.32
48.88
44.52
546.60
-547.40
-559.24
-564.13
-579.79
a
511.58
-513.51
-524.62
-533.70
-547 49
"567.13
NOTE.-The following current high values were reached before July 1992: July 1991—BCI-10 (39.01) and BCI92 change (6.12): August 1991—BCI-92 smoothed (-0.83); 3d Q 1991—BCI-11 (33.83); and October 1991—BCI9 (50.37).
See page C-6 for other footnotes.
115.3
55 392
116.5
52 492
598.91
September 1993
SURVEY OF CURRENT BUSINESS
Series
no.
Year
1992
•
C-3
1993
Series title and timing classification
1992
July
Aug.
Oct
Sept
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
454.92
'463.36
'439.70
' 135.7
' 136.7
'1,248
'1,227
92.7
' 795.05
1.56
'791.64
'1.57
Aug.
5. FIXED CAPITAL INVESTMENT-Continued
76 •
Business investment expenditures—Continued:
Mfrs.' machinery and equipment sales and business
construction expenditures, bil.$, AR (C.Lg.Lg).
Index of industrial production, business equipment,
1987*100 (C.Lg.U).
Gross private nonresidential fixed investment, bil. 1987$,
AR:
Total (C,Lg,C)
Structures (Lg.Lg.Lg)
Producers' durable equipment (C,Lg,C)
Residential construction and investment:
New private housing units started, thous., AR (L.L.L)
Index of new private housing units authorized by local
building permits, 1967=100 (L,L,L).
Gross private residential fixed investment, bil. 1987$, AR
(L.L.L).
435.63
435.78
426.12
435.74
434.58
443.25
459.12
442.82
447.24
465.62
448.62
123.2
123.7
126.1
125.0
127.5
129.0
129.6
131.2
131.7
133.4
134.8
529.2
150.6
378.6
1,200
87.7
543.7
148.0
395.7
533.8
148.8
385.1
1,106
86.4
197.1
1,229
86.2
1,218
89.3
1,226
90.6
1,226
91.0
1,171
92.3
210.6
196.2
1,180
91.0
135.4
' 584.3
-151.1
' 433.2
562.3
148.2
414.1
1,286
95.4
r
1,124
82.5
1,206
87.8
211.4
1,248
89.4
'1,323
99.0
' 206.2
6. INVENTORIES AND INVENTORY INVESTMENT
70
77*
30*
31 •
Inventories on hand:
Mfg. and trade inventories, bil. 1987$ (Lg,Lg,Lg)0
Ratio, mfg. and trade inventories to sales in 1987$
(Lg.Lg.Lg).
Inventory investment:
Change in business inventories, bil. 1987$, AR (L.L.L) ..
Change in mfg. and trade inventories, bil.S, AR (L.L.L) .
786.63
1.61
785.19
1.60
786.85
1.62
6.5
15.6
'41.7
-18.3
784.85
1.60
784.27
1.60
785.44
1.59
786.63
1.56
786.77
1.56
789.00
1.56
792.23
1.57
793.54
1.58
794.86
1.57
-11.1
8.6
19.8
32.9
24.9
29.3
42.3
52.5
40.6
'13.0
20.6
87
96
;
"3
7. PRICES
99*
98
336
337
334
333
332
331
•
311
320
323
120 •
Sensitive commodity prices:
Index of sensitive materials prices, 1982*100
Percent change from previous month
Percent change from previous month, smoothed
(L.L.L)t.
Index of producer prices for sensitive crude and
intermediate materials, 1982-100 (L.L.L).
Cattle hides
Lumber and wood products
Wastepaper, news
Wastepaper, mixed, NSA
Wastepaper, corrugated
Iron and steel scrap
Copper base scrap
Aluminum base scrap
Other nonferrous scrap, n.e.c, NSA
Sand, gravel, and crushed stone
Raw cotton
Domestic apparel woo!
Index of spot market prices, raw industrial materials,
1967=100, NSA (U.L.L)© 1 *.
Copper scrap, $ per Ib.©
Lead scrap, $ per Ib. ©
Steel scrap, $ per ton©
Tin, $ per Ib., NSA©
Zinc, $ per Ib., NSA©
Burlap, $ per yd.. NSA©
Cotton, $ per Ib.©
Print cloth, $ per yd., NSA©
Wool tops, $ per Ib., NSA©
Hides, $ per Ib., NSA©
Rosin, $ per 100 Ib.©
Rubber, $ per Ib.©
Tallow, $ per Ib.©
Producer Price Indexes:
Finished goods, 1982*100
Percent change over 1-month span
Percent change over 6-month span, AR
Finished goods less foods and energy, 1982*100
Percent change over 1-month span
Percent change over 6-month span, AR
Finished consumer goods, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR
Capital equipment, 1982*100
Percent change over 1-month span
Percent change over 6-month span, AR
Intermediate materials, supplies, and components,
1982=100.
Percent change over 1-month span
Percent change over 6-month span, AR
Crude materials for further processing, 1982=100
Percent change over 1-month span
Percent change over 6-month span, AR
Fixed-weighted price index, gross domestic business
product, 1987=100 §.
Percent change from previous quarter, AR §
Consumer Price Indexes for all urban consumers:
All items, 1982-84=100, NSA
Percent change over 1-month span
Percent change over 6-month span, AR
All items less food and energy, 1982-84-100
Percent change over 1-month span
Percent change over 6-month span. AR
Services, 1982-84=100
Percent change from previous month, AR
Percent change from previous month, AR. smoothed
(Lg,Lg,Lg)t.
119.61
.21
.27
120.88
-.28
.72
120.56
-.26
.52
122.03
1.22
.50
120.26
-1.45
.22
118.59
-1.39
-.15
119.39
.67
-.26
120.02
.53
-.22
120.07
.04
-.16
119.24
-.69
-.20
'117.80
'•—1.21
'-.36
117.26
'-.46
'-.46
117.07
-.16
116.7
-.28
-.47
116.48
-.22
-.43
141.98
141.21
141.28
142.97
142.96
144.17
148.80
154.09
159.15
162.94
'161.85
160.78
159.97
159.46
157.97
171.6
146.7
91.6
64.5
146.4
139.2
162.9
137.5
131.4
130.6
89.8
81.5
275.5
167.5
143.4
91.6
52.1
148.9
141.0
173.9
144.5
136.7
130.8
95.7
84.7
285.7
172.1
145.0
94.3
51.2
138.7
135.8
171.9
143.2
138.9
131.0
92.6
83.6
283.1
180.2
148.6
96.9
84.6
139.6
134.9
163.6
135.1
133.9
131.1
94.8
83.5
284.7
180.9
150.2
97.3
86.7
139.3
133.5
159.1
131.1
128.4
131.4
85.8
80.7
277.7
177.4
151.9
100.6
86.7
145.4
135.8
155.9
129.4
123.4
131.5
89.3
73.7
267.7
180.3
157.1
100.4
87.0
145.5
142.8
155.3
136.3
124.6
132.1
92.8
74.0
266.4
187.7
162.0
103.2
84.5
147.1
152.1
164.9
141.4
129.8
133.2
96.9
66.6
268.7
177.5
169.8
110.8
86.5
143.7
160.3
163.1
137.5
128.6
132.5
94.0
63.1
270.0
177.3
177.3
112.2
97.5
149.7
159.3
151.7
130.9
125.0
132.5
95.8
55.3
266.9
'170.9
'178.5
'113.2
'101.5
'148.3
'155.5
'139.6
'123.2
'118.4
133.1
88.7
52.3
261.5
176.3
176.9
106.0
107.8
144.7
158.0
129.3
124.1
112.7
132.5
88.3
53.0
257.8
175.5
•172.4
107.4
107.2
139.7
171.7
135.5
126.4
113.1
132.9
84.3
56.0
257.1
179.3
168.9
103.
101.3
140.0
180.8
135.3
131.5
114.2
133.6
85.4
54.0
257.2
177.9
170.0
96.8
102.4
137.6
167.8
130.7
127.9
112.6
133.7
85.3
56.8
255.5
.895
.168
87.280
4.344
.673
.841
.179
89.930
3.952
.573
.245
.508
.690
3.750
.815
60.729
.490
.153
.906
.150
97.361
3.901
.524
.245
.577
.650
3.400
.801
59.642
.489
.147
.811
.162
109.347
.684
.148
105.030
3.703
.494
.245
.533
.655
3.050
.805
60.060
.437
.152
.696
.145
112.411
60.423
.494
.160
.146
96.118
3.803
.530
.245
.552
.660
3.520
.812
59.880
.494
.149
123.8
-.2
1.8
134.8
.2
2.2
122.3
-.2
1.6
129.5
.2
2.0
114.9
123.8
0
1.9
135.0
.1
2.4
122.3
0
1.8
129.7
.2
2.5
114.9
-.3
1.0
102.6
-.1
1.4
0
1.4
101.5
-1.1
-2.3
.3
'2.4
101.8
.3
'1.2
.873
.163
1.017
.156
.986
.153
90.237
4.022
.609
.259
.539
.732
88.589
4.503
.635
.258
.578
.744
4.000
.765
60.729
.459
.144
86.022
4.409
.663
.252
.563
.700
4.000
.730
60.914
.466
.164
60.729
.467
.155
123.5
0
2.0
134.4
.1
.7
122.1
0
2.5
129.2
.1
.3
115.3
123.6
.1
1.0
134.4
0
.4
122.1
0
1.2
129.5
.2
.5
115.3
123.9
.2
.5
134.6
.1
1.2
122.5
.3
.3
115.5
124.0
.1
1.1
134.5
-.1
1.8
122.6
.1
.8
129.3
-.2
1.9
115.2
0
1.9
101.6
.1
0
.7
100.9
-.7
5.1
.2
-.7
103.0
2.1
0
-.3
0
102.7
-.3
.4
3.870
.758
60.008
.463
.141
123.2
.1
1.8
134.2
.2
1.9
121.7
.1
1.8
129.1
.1
1.7
114.7
.1
1.5
100.4
.3
3.4
9.6
.249
.539
.696
3.840
.764
129.5
0
.9
3.160
.816
59.642
.453
.152
124.2
.3
124.7
.4
'125.8
'.6
1.5
'136.7
'.4
1.6
'124.4
.6
1.5
'131.3
'.2
1.8
'116.6
125.3
-.3
125.1
-.2
124.3
-.6
3.1
135.9
.2
3.0
123.1
.4
3.3
130.8
.3
2.8
115.9
125.1
.3
2.4
136.2
.2
2.4
123.6
.4
2.1
131.1
.2
2.8
116.3
125.7
'2.9
136.8
M
-.9
124.3
'-.1
-1.1
131.3
r
0
1.7
116.3
136.6
136.7
.1
135.3
-1.0
131.5
.2
131.6
.1
131.9
.2
116.5
116.4
116.4
.3
2.8
101.8
.2
4.8
'.3
1.9
'103.3
'1.5
1.4
'-.3
.9
.2
-.1
0
105.1
'1.7
.8
103.9
-1.1
102.5
-1.3
102.0
-.5
144.4
0
144.4
,1
144.8
.3
152.3
.1
152.5
.1
152.9
.3
157.8
3.1
4.2
158.1
2.3
3.8
158.7
4.7
3.7
135.6
.4
'3.3
122.6
.2
'3.0
130.4
.5
'3.1
115.3
.5
2.5
101.6
-.2
4.9
'122.4
'123.5
3.0
'2.7
'3.2
'3.7
140.5
.3
2.9
147.8
.3
3.0
152.2
3.2
3.5
140.9
.2
3.0
148.1
.2
3.0
152.6
3.2
3.3
141.3:
.1
2.9
148.2!
•1!
3.1
152.91
2.4!
3.1 j
141.8!
•41
3.3]
148.9!
.5i
3.4j
153.7J
6.5
3.41
142.0
.2
3.6
149.3
.3
4.0
154.2
4.0
3.7
141.9
.1
3.6
149.6
.2
4.1
154.7
4.0
3.9
.660
.132
3.312
.800
59.524
.475
.146
'121.4
140.3
.2
3.1
147.3
.3
3.5
152.1
3.8
3.8
.694
.717
.149
105.380
3.738
.504
.245
.540
.650
3.000
.814
59.761
.437
.158
.159
109.091
3.835
.535
.245
121.1
NOTE.-The following current high values were reached before July 1992: December 1991—BCI-77 (1.66); March
1992—BCI-99 (1.74); and June 1992—BCI-92 smoothed (0.83).
.793
.150
92.262
3.802
.520
.245
.525
.675
3.625
.795
142.6
.5
3.6
150.3
.5
3.9
155.3
4.8
4.1
See page C-6 for other footnotes.
143.1
.3
3.4
151.0
.5
3.8
155.8!
3.9
4.2
3.779
.496
.245
.569
.652
3.400
.774
60.120
.438
.147
.139
118.687
3.395
.470
.245
.509
.640
3.400
.762
60.120
.43i
.149
112.130
3.294
.451
.240
.509
.688
3.400
.792
60.181
.440
.150
3.482
.467
.245
.497
.644
_
•)
123.6
-.6
'124.4
'2.9
143.6
.1
3.1
151.2
.1
3.6
156.2;
3.1
4.2'
144.0
.4
2.3
151.8
.4:
2.9!
156.9'
5.5!
4.3!
144.2
.1
2.1
152.1
.2
2.5
157.4
3.9
4.3
C-4
•
SURVEY OF CURRENT BUSINESS
September 1993
1992
Year
Series
1993
Series title and timing classification
no.
1992
July
Aug.
|
Oct
Sept
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
8. PROFITS AND CASH FLOW
16*
18*
22*
81 •
26*
35
Profits and profit margins:
Corporate profits after tax. bii.$, AR (L.L.L)
Corporate profits after tax, bil. 1987$, AR (L.L.L)
Ratio, corporate domestic profits after tax to corporate
domestic income, percent (L.L.L) §.
Ratio, corporate domestic profits after tax with IVA and
CCAdj to corporate domestic income, percent(U.L.L) §.
Ratio, implicit price deflator to unit labor cost, all
persons, nonfarm business sector,1982*100(L,L,L)§.
Corporate net cash flow, bil. 1987$, AR (L.L.L)
249.1
213.7
6.6
227.8
193 3
'6.0
r
7.0
254.9
216.3
'6.9
r
63
258.9
219.2
'6.9
'272.3
'230.7
^7.2
7.9
'73
^7.6
103.8
'1031
'104.4
'103 9
'103 8
471.2
458.8
472.4
477.8
'490.2
9. WAGES, LABOR COSTS, AND PRODUCTIVITY
345
346
53*
63
62*
370
358
Wages and compensation:
Index of average hourly compensation, all employees,
nonfarm business sector, 1982*100 §.
Percent change from previous quarter, AR §
Index of real average hourly compensation, all
employees, nonfarm business sector, 1982-100 §.
Percent change from previous quarter, AR §
Wages and salaries in mining, mfg., and construction,
bil.1987$,AR(C,C,C).
Unit labor costs:
Index of unit labor cost, all persons, business sector,
1982=100 (Lg,Lg,Lg)§.
Index of labor cost per unit of output, mfg., 1987*100 l .
Percent change from previous month, A R '
Percent change from previous month, AR, smoothed
(Lg,Lg,lg) f f.
Productivity:
Index of output per hour, all persons, business sector,
1982=100 §.
Percent change over 1-quarter span, AR§
Percent change over 4-quarter span, AR§
index of output per hour, all persons, nonfarm business
sector, 1982=100 §.
153.4
'154.6
'156.3
'157.4
'157.9
5.2
105.5
'60
'105.1
'4.5
'104.6
'29
'106.0
'1.2
'105.6
2.1
604.5
599.9
134.2
111.7
-.7
.1
'3.2
598.8
597.3
600.9
112.3
4.4
.8
111.9
-4.2
.6
111.9
1.1
.2
660.2
579.6
112.0
16.3
-.2
109.9
-20.3
-2.2
'134.7
'134.5
111.8
-3.2
0
'1.3
596.9
110.6
-13.1
-1.4
'-9
580.8
578.4
'595.3
'109.3
'-2.2
'-4.3
'109.2
'-1.1
'-4.3
136.3
109.5
-4.3
-3.7
'-1 7
'595.5
'592.8
'594.9
^ 595.9
'108.8
-4.3
'-3.4
'108.8
'0
'-2.8
'108.8
*0
''-2.0
'4,236.5
'3,524.3
'4,227.9
'3,511.7
'4,212.1
'3,493.9
M.257.3
^3,537.2
'137.4
'109.2
'0
'-3.7
115.6
'116.2
'117.3
'116.8
3.4
2.8
113.8
'43
'2.2
'114.3
'3.8
'1.3
'1155
'-1 6
'-1 0
'1150
'1146
'116.5
10. PERSONAL INCOME AND CONSUMER ATTITUDES
52
51 •
Personal income:
Personal income, bil. 1987$, AR (C,C,C)
Personal income less transfer payments, bil. 1987$, AR
(C,C,C).
4,153.4
3,460.4
4,126.0
3,432.8
4,151.2
3,450.0
4,151.2
3,451.2
Indexes of consumer attitudes:
Consumer sentiment, U. of Michigan, 1966:1*100, NSA
77.3
76.6
76.1
Consumer expectations, U. of Michigan, 1966:1=100,
70.3
67.6
69.5
122
Consumer confidence, The Conference Board, 1985-100
61.6
61.2
123 •
(L,L,L) •
Consumer expectations, The Conference Board,
1985=100 (L,L,L)*.
82.0
80.1
58
83 •
4,187.9
3,484.7
4,180.8
3,484.5
4,391.8
3,689.9
4,150.7
3,441.9
4,156.1
3,449.3
4,181.2
3,471.1
75.6
73.3
85.3
67.4
67.5
78.2
91.0
89.3
86.6
85.9
85.6
80.3
81.5
77.0
77.3
89.5
83.4
80.6
75.8
76.4
68.5
70.4
64.7
59.0
57.3
54.6
65.8
65.6
78.1
76.7
68.5
63.2
67.6
61.9
58.6
59.2
78.3
74.2
70.7
59.3
85.7
103.9
98.0
84.7
77.3
81.1
73.1
69.6
66.8
66.8
'.60
'.21
717.4
' 2 349 2
'1.15
'.16
725.1
'2351 3
'.88
P. 12
P 729.0
P 2 346 3
'4,228.2
3,517.7
11. SAVING
Gross saving bil $ AR
Business saving bil $ AR
Personal saving bil $ AR
Government surplus or deficit, bil.$, AR
Personal saving rate, percent
717.8
768.3
238.7
-269.1
5.3
727.0
796.9
219 6
-289 5
762.0
766.9
177.9
-262.8
3.9
718.8
769 7
279.7
coo
290
295
292
298 •
293*
49
'766 7
'779 6
'208.7
'-221 5
'4.4
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES
85 •
102 •
105
106 •
107
108
93
94
112 •
113 •
Money:
Percent change in money supply M1 (L,L,L)*
Percent change in money supply M2 (L C U)
Money supply M1, bil. 1982$ (L,L,L)
Money supply M2 bil 1982$ (L L L)
Velocity of money:
Ratio, gross domestic product to money suppy M1
(C,C,C).
Ratio, personal income to money supply M2 (C.Lg.C) ....
Bank reserves:
Free reserves, mil.$, NSA (L,U,U)$
Member bank borrowings from the Federal Reserve,
mil.$, NSA (L.Lg.U).
Credit flows:
Net change in business loans, bil.$, AR (L.l.L)
Net change in consumer installment credit, bil.$, AR
(I
111
110 •
14
39
1
1.11
1.12
.12
'.05
661.2
664.2
2 387 5 ' 2 377 3
1.27
'.26
668.2
' 2 378 6
1.50
'.23
677.2
' 2 380 8
1.60
'.33
685.2
' 2 378 8
1.31
.19
692.3
' 2 376 8
6.207
6.251
.74
-.03
696.5
' 2 373 0
.65
-.27
697.7
' 2 355 4
-.02
-.31
695.2
' 2 340 2
6.090
.21
'-.07
695.8
' 2 3353
.74
'.05
698.1
' 2 327 2
2.28
'.87
713.1
' 2 344 4
6.056
'5.964
1.481
1.481
1.474
1.486
'1.500
'1.497
1.575
'1.498
'1.509
'1.522
'1.543
'1.534
'1.529
'1.522
P 1.540
854
172
681
284
684
251
707
287
931
143
939
104
1,032
124
1,096
165
1,059
45
1,122
91
1,023
73
875
121
730
181
845
244
603
352
-.11
7.58
8.95
-4.44
-4.08
6.32
-8.56
24.00
71.08
14.06
58.43
21.94
-1.19
60.84
-70.87
'29.88
24.49
'43.74
-76.30
35.08
37.81
17.60
'40.80
-9.02
'6.02
'45.25
'70.79
"7.78
P 61.24
-3.6
-.9
3.0
h
(L.L.L.).
Percent change in business and consumer credit
outstanding, AR (L,L,L).
Funds raised by private nonfinancial borrowers in credit
markets, mil.$, AR (L,L,l) §.
Credit difficulties:
Current liabilities of business failures, mil.$, NSA
(L,L,L)$.
Percent of consumer installment loans delinquent 30
days and over ( L , L , L ) © 3 0 t .
-3.1
301,691
'349,972
93,755.6 * 3,574.6
P 9,031.7
2.43
2.55
2.60
P 3,215.7
P 7,863.4
2.46
NOTE—The following current high values were reached before July 1992: June 1991— BCI-106 (2,424.6); July
1991—BCt-93 (345); August 1991—BCI-94 (764); and December 1991—BCI-62 index (113.1) and BCI-62 smoothed
^2.2
'286,208
2.51
^3,982.9
2.53
'220,940
^ 345,852
P 8,136.8
P 6,174.9
P 2,406.7
P 4 343.0
P 2 973.4
^ 6 634.4
^ 2 675.4
2.43
2.44
2.39
2.31
2.01
2.16
2.06
(3.1).
See page C-6 for other footnotes.
September 1993 •
SURVEY OF CURRENT BUSINESS
Series
no.
Year
C-5
1993
1992
Series title and timing classification
1992
July
|
Aug.
|
Sept
|
Oct
Nov.
Jan.
Dec.
Feb.
Mar.
|
Apr.
May
|
June
July
Aug.
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES-Continued
Outstanding debt:
Consumer installment credit outstanding, mil.$
66
741,093
730,496
731,023
733,023
734,195
736,023
741,093
''743,583
747,228
750,151
423,955
419,892
419,552
418,839
424,762
429,631
429,532
423,626
425,667
419,309
- 751,618 - 750,866 - 754,637 ^759,740
361,793
356,142
356,459
354,948
359,663
364,712
365,248
359,005
359,516
353,251
''354,116
14.27
14.24
14.28
14.17
14.01
14.05
13.46
14.23
14.24
14.18
14.01
3.52
3.46
8.33
7.52
6.44
8.46
6.25
3.25
3.28
8.19
7.40
6.13
8.12
6.02
3.30
3.14
7.96
7.19
6.16
8.08
6.00
3.22
2.97
7.99
7.08
6.25
8.06
6.00
3.10
2.84
8.17
7.26
6.41
8.29
6.00
3.09
3.14
8.25
7.43
6.36
8.54
6.00
2.92
3.25
8.12
7.30
6.22
8.12
6.00
3.02
3.06
7.91
7.17
6.16
8.04
6.00
3.03
2.95
7.73
6.89
5.87
7.55
6.00
3.07
2.97
7.39
6.65
5.64
7.57
6.00
415.74
415.05
417.93
418.48
412.50
422.84
435.64
435.23
441.70
/Ifl1 n 1fl\A
72
101 •
95*
119 •
114*
116 •
115 •
117
118
109 •
19*
(Lg.Lg.Lm v.
Commercial and industrial loans outstanding, mil.$,
\Lg,Lg,Lgj.
Commercial and industrial loans outstanding, mil. 1982$
i\ ri 1 n 1 n\
(Lg,Lg,Lgj.
Ratio, consumer installment credit outstanding to
personal income, percent (Lg,Lg,Lg).
Interest rates (percent, NSA):
Federal funds rate (L,Lg,Lg)*
Discount rate on new 91-day Treasury bills (C.Lg.Lg)* ...
Yield on new high-grade corporate bonds (Lg,Lg,Lg)*
Yield on long-term Treasury bonds (C.Lg.Lg)*
Yield on municipal bonds, 20-bond average (U.Lg.Lg)* ...
Secondary market yields on FHA mortgages (Lg.Lg.Lg) .
Average prime rate charged by banks (Lg.Lg.Lg)*
Index of stock prices, 500 common stocks, 1941-43-10,
NSA(L,L,L)\ "
422,460 - 425,860 -426,362
- 355,773
r
r
- 432,261 M32.909
356,490 - 362,331 ^364,402
13.96
- 14.04
/^ 14.18
2.96
2.89
7.48
6.64
5.76
7.56
6.00
3.00
2.96
7.52
6.68
5.73
7.59
6.00
3.04
3.10
7.48
6.55
5.63
7.52
6.00
3.06
3.05
7.35
6.34
5.57
7.51
6.00
3.03
3.05
7.04
6.18
5.45
7.02
6.00
450.16
443.08
445.25
448.06
447.29
454.13
'9,656
-7,230
78.4
^6,597
''77.7
13. NATIONAL DEFENSE
525
548
557
570
564 4
Defense Department prime contract awards, mil.$
Manufacturers' new orders, defense products, mil.$
index of industrial production, defense and space
equipment, 1987=100.
Employment, defense products industries, thous
Federal Government purchases, national defense, bil.$, AR
12,812
5,781
85.1
9,767
6,287
84.5
10,630
5,094
84.4
7,414
83.5
6,620
83.2
7,592
82.5
11,358
8,812
82.0
9,579
6,361
81.5
11,628
7,411
80.7
10,231
6,853
80.5
9,317
5,434
'79.5
10,169
- 5,788
-78.5
1,059
313.8
1,050
1,042
316.7
1,035
1,025
1,019
315.7
1,010
998
992
304.8
983
976
963,
-307.6
-952
448,024
42,266
94,304
532,665
50,222
72,820
440,138
536,276
-96,138
37,430
-3,659
7,842
44,938
5,078
5,726
36,369
3,472
7,737
45,054
4,280
6,012
109,493
137,105;
37,504
3,358
7,817
45,176
4,059
6,147
36,928
3,484
8,090
44,832
4,146
6,833
111,530
140,839
38,894
3,223
8,402
49,347
4,675
7,265
38,479
3,543
8,030
48,660
5,277
7,046
38,930
3,388
8,263
47,306
4,300
-37,639
3,570
8,017
-49,698
5,077
6,819
80,436
85.9
14. EXPORTS AND IMPORTS
602
604
606
622
Exports, excluding military aid shipments, mil.$
Exports of domestic agricultural products, mil.$
Exports of nonelectrical machinery, mil.$
,
General imports, mil.$
Imports of petroleum and petroleum products, mil.$
Imports of automobiles and parts, mil.$
Merchandise exports, adjusted, excluding military, mil.$
Merchandise imports, adjusted, excluding military, mil.$ :
Balance on merchandise trade, mil.S1
47*
721 •
728 •
725 •
726 •
722*
727 •
723 •
Industrial production indexes (1987=100):
United States
,.,
OECD, European countries2
Japan
Federal Republic of Germany
France
United Kingdom
Italy
Canada §
612
614
616
618 •
620*
37,661
3,801
8,317
45,968
4,430
6,500
38,884
3,978
7,963
46,119
4,362
37,796
3,399
8,026
45,633
3,923
6,163
113,992
139,954
-27,612
39,178
3,518
8,438
46,143
4,204
6,441
-25,962
-29,309
6.431
'113,125
147,513
^-34,388
37.083
3,424
8,152
47,424
4,405
5,947
15. INTERNATIONAL COMPARISONS
320
738
•
735
4
736
•
732
737
733
19*
748 •
745*
746 •
742 •
747 •
743 •
750 •
758
755
756
752
757
753
•
•
•
•
•
•
Consumer price indexes (1982-84=100):
United States, NSA
Percent change over 6-month span,
Japan, NSA
,
Percent change over 6-month span,
Federal Republic of Germany, NSA
Percent change over 6-month span,
France, NSA
Percent change over 6-month span,
United Kingdom, NSA
Percent change over 6-month span,
Italy, NSA
Percent change over 6-month span,
Canada, NSA
Percent change over 6-month span,
Stock price indexes (1967=100, NSA):
United States*
Japan*
Federal Republic of Germany*
France*
United Kingdom*
Italy*
Canada*
AR
106.5
109
116.6
115
110
100
107.5
98.5
106.8
110
117.2
116
110
100
108.9
-97.4
140.3
140.5
2.9
116.6
-.2
120.7
3.51
141.4,
1.7!
163.1
2.5;
179.1
3.1
117.0
1.2
120.7
4.0
141.0
2.1
162.7
2.5
178.8
4.7
145.2
2.0
AR
AR
AR
AR
AR ...,
AR
4.6
145.6!
103
-102.0
'102
' 102.8
' 103.2
144.2
2.1
118.6
144.4
144.4
118.5
118.8
125.5
3.2
143.9
1.4
165.8
2.3
185.4
5.2
147.6
1.4
""125.7
""i26"6
126.0
""143.8
"'143.9
"i43.9
"165J
"165.3,
484.3
1,471.1
286.1
902.3
1,324.5
P 376.3
437.4
487.4
1,462.1
1,351.0
342.8
407.1
482.0
1,409.7
293.6
'938.8
1,324.5
355.7
428.2
907.8
-1,339.0
^ 365.7
448.2
•'1,335.0
' 390.4
448.3
494.0
1,509.9
'328.8
1,020.6
•'1,411.5
f 414.8
467.5
93.65
90.62
90.24
91.81
94.59!
94.32
120.76
117.02
1.6466
1.6414
5.5944
5.5594
.6841
.6947
1,550.43 1,591.35
1.2471
1.2602
112.41
1.5964
5.3984
.6474
1,536.14
1.2621
110.34
1.6071
5.4180
.6461
1,475.66
1.2698
107.41
1.6547
5.5700
.6630
1,505.05
1.2789
107.69
1.7157
5.8464
.6687
1,586.02
1.2820
103.77
1.6944
5.9298
.6705
1,603.75
1.3080
-258.5
-224.8
-259.2
-224.9
' 259.3
'227.8
128.9,
-135.21
r
128.7
-135.5
•"129.2
"135.8
-99.2
108.9
105
112.6
107
105
101
100.7
-100.5
109.3
105
112.2
107
105
101
106.2
-100.6
109.9
107
113.5
106
-107
102
106.8
-101.7
110.1
107
116.5
108
106
101
105.2
-103.1
110.4
105
113.4
106
106
101
100.7
-102.3
141.3
2.9
117.5
.7
121.2
3.9
141.5
1.3
163.8
1.7
179.8
4.1
145.5
3.2
141.8
3.3
117.6
1.0
121.7
5.0
141.9
1.6
164.4
0
180.9
3.8
145.7
2.5
142.0
3.6
117.4
1.0
122.3
5.0
141.9
2.0
164.1
1.1
182.0
141.9
3.6
117.4
1.4
122.4
3.6
146.4
2.2
142.6
3.6
117.3
1.9
123.8
5.:
142.3
2.7
162.0
.1
182.9
3.8
147.0
2.2
143.1
3.4
117.4
1.0
124.3
4.5
142.8
3.0
163.1
.9
183.6
3.6
147.4
143.6
3.1
117.7
1.0
124.7
4.6
143.5
2.8
163.7
.5
184.0
4.1
147.3
.3
144.0
2.3
118.5
2.7
125.1
3.8
143.6
2.1
165.2
2.7
184.7
4.9
147.3
455.2
1,242.8
285.2
900.4
448.7
1,177.8
266.3
845.5
1,187.2
260.5
377.0
460.0
1,151.6
269.8
861.7
1,240.2
287.9
370.8
473.9
1,197.7
269.1
480.5
1,171.5
291.9
908.6
1,324.5
333.1
390.0
489.7
1,233.8
296.8
945.8
1,281.8
276.3
378.6
473.4
1,157.0
277.9
868.7
1,302.2
308.7
373.5
85.03
90.04
90.50
92.36
93.82
121.17
1.4851
5.0370
.6050
123.88
1.5875
5.3706
.6550
1,364.45
1.2674
124.04
1.5822
5.3974
.6447
1,412.38
1.2725
124.99
1.6144
5.4751
.6525
1,491.07
1.2779
-99.0
140.9
3.0
2.9
-110.4
>M05
112.5
-107
108.4
107
113.1
110
106
101
107.3
-100.0
106.2
109
118.2
115
111
100
104.3
116.9
.7
120.9
4.0
141.5
1.3
163.2
1.7
179.2
4.0
145.6
110.2
-106
-110.6
107
106
107.5
109
114.5
113
111
102
106.5
-99.4
106.6
109
113.8
115
110
100
103.7
5.3
141.8
3.1
163.6
1.1
182.3
3.5
146.4
1.5
-105.1
452.2
1,235.4
306.7
900.6
1,192.1
288.6
384.5
451.5!
1,132.7|
316.2,
895.3!
1,147.51
267.0
389.1
454.6
1,093.9
86.61
82.57!
80.97
126.78
1.5618
5.2935
.5699
1,232.17
1.2085
5.0321
.5215
1,129.83'
1.1924.
CIBCR long-leading composite index, 1967=1004 .,
CIBCR short-leading composite index, 1967=100 4 ,
244.0
215.6
245.3:
-216.7
246.0
-216.0
246.4
218.0
247.8
216.7
250.5
-218.9
237.0
223.9
-255.3
-222.8
256.7
-225.2
259.2
-224.7
-255.3
-224.4
-256.7
-223.4
BEA coincident composite indexes:
Modified methodology, 1982=1005
Stock and Watson methodology, Aug. 1982=100
125.5
131.2
125.6
125.5
131.2
125.6
131.1
126.1
131.8
126.4
132.6
127.2
133.5
127.3
133.9
127.7
134.5
128.0
134.7
128.5
135.1
123.8
135.1
,
Exchange rates:
Exchange value of U.S. dollar, index: March 1973=100,
NSA^*.
Foreign currency per U.S. dollar (NSA):
Japan (yen)*
Federal Republic of Germany (d. mark)*
France (franc)*
United Kingdom (pound)*
Italy (lira)*
Canada (dollar)*
,
125.88
1.49141
292.2
858.0
1,094.5
260.1
384.5
126.23
1.4475
4.9119
.5146
1,100.00
1.1907
1,131.8
240.1
372.6
122.60
1.4514
4.9378
.5416
1,176.21
1.2225
1,309.64
1.2453
866.9
-110.9
P
111.9
'108
^ 106
144.8
166.0
"w".2
293.3
486.6
1,468.4
-311.6
954.3
16. ALTERNATIVE COMPOSITE INDEXES
990 •
991 •
992 •
993 4
See footnotes on page C-6.
132.0,
C-6
• September 1993
SURVEY OF CURRENT BUSINESS
FOOTNOTES FOR PAGES C-l THROUGH C-5
a
AR
c
©
e
*
Anticipated.
Annual rate.
Corrected.
Copyrighted.
Estimated.
Later data listed in notes.
NSA
P
r
§
0
Not seasonally adjusted.
Preliminary.
Revised.
Graph included for this series
Major revision—see notes.
End of period.
L,C,Lg,U Cyclical indicator series are classified as L (leading), C (coincident), Lg (lagging), or U (unclassified) at reference cycle peaks, troughs, and overall. Series classifications
are shown in parentheses following the series titles.
$ Cyclical indicator series denoted by t are inverted (i.e., the sign is reversed) for cyclical analysis calculations, including classifications, contributions to composite indexes,
and current high values,
t Cyclical indicator series denoted by t are smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
For information on composite indexes and other concepts used in this section, see "Composite Indexes of Leading, Coincident, and Lagging Indicators" in the November 1987
SURVEY OF CURRENT BUSINESS and "Business Cycle Indicators: Revised Composite Indexes" in the January 1989 SURVEY,
References to series in this section use the prefix "BCI-" followed by the series number. Unless otherwise noted, series are seasonally adjusted.
Percent change data are centered within the spans: 1-month changes are placed in the ending month, 3-month changes are placed in the 3d month, 6-month changes are
placed in the 4th month, 1-quarter changes are placed in the ending quarter, and 4-quarter changes are placed in the 3d quarter.
Diffusion indexes are defined as the percent of components rising plus one-half of the percent of components unchanged. Diffusion index data are centered within the spans:
1-month indexes are placed in the ending month and 6-month indexes are placed in the 4th month.
High values reached by cyclical indicators since the last reference cycle trough (March 1991) are shown in boldface type; high values reached prior to the period shown in the
table are listed at the bottom of each page. For inverted series, low values are indicated as highs.
Sources for series in this section are shown on pages C-27 and C-28 in the April 1993 SURVEY.
Page C-1
Page C-4
* Preliminary September 1993 values: BCI-19 = 459.24, and BCI-109 = 6.00.
1. Data include initial claims made under the July 1992 Emergency Unemployment Compensation
amendments. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
3. Excludes BCI-57, for which data are not available.
4. Excludes BCI-77 and BCI-95, for which data are not available.
5. The wages and salaries portion of this series has been adjusted to smooth yearend 1992 bonus
payments that are in the revised national income and product accounts data. The bonus payments were
too large to be adequately dealt with by the autoregressive-moving-average filter used to smooth this
NOTE.—Major data revisions:
The ratios of corporate domestic profits to income (BCI-22 and BCI-81) have been revised from
1990 forward to incorporate recent revisions in the national income and product accounts—see note for
page C-2 in the August 1993 SURVEY.
Funds raised by private nonfinancial borrowers in credit markets (BCI-110) has been revised by
the source from 1952 forward to incorporate benchmark and seasonal adjustment revisions to the flow
of funds accounts. The revisions reflect structural changes that incorporate new sectors and redefine
existing sectors. For further information, contact the Board of Governors of the Federal Reserve System,
Division of Research and Statistics, Flow of Funds Section, Washington, DC 20551.
Series on productivity and costs (BCI-26, -63, -345, -346, -358, and -370) have been revised by the
source from 1990 forward to incorporate revised output and compensation measures reported in the
national income and product accounts—see note for page C-2 of the August 1993 SURVEY. For further
information, contact the U.S. Department of Labor, Bureau of Labor Statistics, Office of Productivity and
Technology, Division of Productivity Research, Washington, DC 20210.
* Preliminary September 1993 values: BCI-122 = 62.6, BCI-123 = 71.8, and BCI-85 = 1.09.
1. See footnote 5 for page C-1.
2. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
3. Copyrighted. This series may not be reproduced without written permission from the American
Bankers Association, 1120 Connecticut Avenue, NW, Washington, DC 20036.
Page C-2
NOTE.—Major data revision: New plant and equipment expenditures by business (BCI-61 and BCI100) have been revised by the source from 1990 forward to incorporate new seasonal adjustment factors
and, for BCI-100, revised deflators. For further information, contact the U.S. Department of Commerce,
Bureau of the Census, Industry Division, Washington, DC 20233.
'Anticipated 4th quarter 1993 values: BCI-61 = 597.98 and BCI-100 = 567.85.
1. Data include initial claims made under the July 1992 Emergency Unemployment Compensation
amendments. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Data exclude Puerto Rico, which is included in figures published by the source agency.
3. Copyrighted. This series may not be reproduced without written permission from McGraw-Hill
Information Systems Company, F.W. Dodge Division, Paramount Plaza, 13th Floor, 1633 Broadway,
New York, NY 10019.
Page C-3
NOTE.—Major data revision: The fixed-weighted price index for gross domestic business product (BCI-311) has been revised by the source from 1990 forward to reflect the incorporation of
new source data and new seasonal adjustment factors—see note for page C-2 in the August 1993
SURVEY.
* Preliminary September 1993 value: BCI-23 = 253.2.
1. Copyrighted. This series may not be reproduced without written permission from Knight-Ridder
Financial Publishing, 30 South Wacker Drive, Suite 1820, Chicago, IL 60606-5271.
Page C-5
NOTE.—Major data revision: The index of industrial production for Canada (BCI-723) has been revised by the source from 1988 forward to incorporate benchmark revisions and new seasonal adjustment
factors. For further information, contact Statistics Canada, Industry Measures and Analysis Division,
Ottawa, Canada K1A 0T6.
* Preliminary September 1993 values: BCI-119 = 3.06, BCI-114 = 2.97, BCI-116 = 6.87, BCI-115
= 5.94, BCI-117 = 5.29, BCI-109 = 6.00, BCI-19 (1941-43=10) = 459.21, BCI-19 (1967=100) = 499.5,
BCI-748 = 1,516.3, BCI-745 = 329.1, BCI-746 = 1,006.5, BCI-742 = 1,399.7, BCI-747 = 414.5, BCI-743
= 462.3, BCI-750 = 92.00, BCI-758 = 105.51, BCI-755 = 1.6214, BCI-756 = 5.6727, BCI-752 = 0.6542,
BCI-757 = 1,566.21, and BCI-753 = 1.3199.
1. Balance of payments basis: Excludes transfers under military grants and Department of Defense
sales contracts (exports) and Department of Defense purchases (imports).
2. Organisation for Economic Co-operation and Development.
3. This index is the weighted-average exchange value of the U.S. dollar against the currencies of
the other G-10 countries plus Switzerland. Each country is weighted by its 1972-76 global trade. For a
description of this index, see the August 1978 Federal Reserve Bulletin (p. 700).
4. This index is compiled by the Center for International Business Cycle Research (CIBCR), Graduate
School of Business, Columbia University, New York, NY 10027.
5. For an explanation of this index, see "The Composite Index of Coincident Indicators and Alternative
Coincident Indexes" in the June 1992 SURVEY.
Revision of the Composite Indexes
The composite indexes of leading, coincident, and lagging indicators are scheduled to be revised in the November SURVEY OF CURRENT BUSINESS. The revision will cover the
period from 1948 forward and will incorporate changes in the methodology used to compute the indexes, updated statistical factors, historical revisions in component data,
and a shift to a 1987 base year. An article presenting the revision will appear in the SURVEY.
SURVEY OF CURRENT BUSINESS
September 1993
CYCLICAL INDICATORS
Composite Indexes
Aug. Apr.
P T
Apr. Feb.
P T
1956 57585960 61 62 636465666768697071 7273 74 75 7677787980 81 828384858687888990 91 921993
NOTE.—The numbers and arrows indicate length of leads (-) and lags (+) in months from business
cycle turning dates. Current data for these series are shown on page C-1.
• C-7
C-8
• September 1993
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Composite Indexes: Rates of Change
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P T
Jan. July July Nov.
PT
P T
over 3-month span, annual rate
Composite Indexes: Diffusion
leadimtidiiiator
Percent of entiponents rising over 6-moMh span
1956 57585960 6162 6364656667686970 71 7273 74 75 7677787980 81 828384858687888990 91 921993
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
September 1993
CYCLICAL INDICATORS
Composite Indexes: Leading Index Components
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P
T
Jan. July July Nov.
PT
P
T
1956 57585960 6162 6364656667686970 717273 74 75 76 77787980 81828384858687888990 91 921993
NOTE.—Current data for these series are shown on page C-1.
• C-9
C-10
• September 1993
SURVEY OF CURRENT BUSINESS
CYCUCAL INDICATORS
Composite Indexes: Leading Index Components—Continued
Aug. Apr.
PT
Apr. Feb.
P T
Dec. Nov.
P T
Jan. July July Nov.
PT P T
Nov. Mar.
P T
29. New pit rate housing f p s a ithoriHpy I >cal bi ilding
ustries, smoothed1 (bl.flbl.)
19. Stock prii es, 50B*omr ion s t | | H (ir dex: 1
N oney s upply
1956 57585960 61 62 636465666768
70 717273 74 75 76 77787980 81828384858687888990 91921993
1. This series is smoothed by an autoregresshre-moving-average filter developed by Statistics Canada.
2. This is a copyrighted series used by permission; it may not be reproduced without written permission
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
September 1993 •
CYCLICAL INDICATORS
Composite Indexes: Coincident Index Components
Aug. Apr.
P T
Apr. Feb.
PT
Dec. Nov.
P T
Nov. Mar.
P T
Jan. July July Nov.
PT
P T
iiliiinn
1956 57585960 6162 6364656667886970717273
NOTE—Current data for these series are shown on page C-1.
77 78 79 80 81 828384858687888990 91 921993
C-ll
C-12
•
September 1993
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Composite Indexes: Lagging Index Components
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P T
Jan. July July Nov.
PT P T
C( nsunu r Prici w e x for sei irtces,
1956 57585960 6162 636465666768 69 70717273 74 75 7677787980 81828384858687888990 91 921993
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
September 1993
CYCLICAL INDICATORS
Employment and Unemployment
in no nagflMBral establishmer ts (
ucinc industr es (millic ns)
1965 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 1993
NOTE.—Current data for these series are shown on page C-2.
•
C-13
C-14
•
September 1993
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Output, Production, and Capacity Utilization
Dec. Nov.
P
T
Nov.
P
I I II II
I I I f
1965 6 6 6 7 6 8 6 9 7 0 7 1 7 2 7 3
Mar.
T
fcKlij
July
P
Nov.
T
I I I I I I I I I II
74 75 7 6 7 7 7 8 7 9 8 0
NOTE.—Current data for these series are shown on page C-2.
Jan. July
P T
81 8 2 8 3 8 4 8 5 K 8 7 8 8 8 9 9 0
91 9 2 1993
SURVEY OF CURRENT BUSINESS
September 1993
CYCLICAL INDICATORS
Sales and Orders
Dec. Nov.
p
T
Nov.
p
Mar.
T
Wages and Consumer Attitudes
Jan. July
P T
July
P
Nov.
T
July Mar.
p T
•
C-15
C-16
•
SURVEY OF CURRENT BUSINESS
September 1993
CYCLICAL INDICATORS
Fixed Capital Investment
Dec. Nov.
P T
Nov.
P
Jan. July July Nov.
P T
P
T
Mar.
T
jusiness formatic n (i
NuiMWriof new business
il and industrial
fcovingavj.)
,.,.i
,,,,,,,,. i ^ ^
1965 6 6 6 7 6 8 6 9 7 0
7 1 7 2 7 3
i,,,,,,i...-,,,,.),,,
74 75 7 6 7 7 7 8 7 9 8 0
1. This is a copyrighted series used by permission; it may not be reproduced without written
permission from McGraw-Hill Information Systems Company, F.W. Dodge Division.
,,, i , . . . , . i . . .
. ,.i,..
,..!....
8 1 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0
NOTE.—Current data for these series are shown on page C-2.
J . . I, , .
9 1 9 2 1993
SURVEY OF CURRENT BUSINESS
September 1993
CYCLICAL INDICATORS
Fixed Capital Investment—Continued
Dec. Nov.
P
T
1965 66
67 68
70
Nov.
P
Mar.
T
Nov.
T
71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 1993
1. Dotted line represents anticipated expenditures.
NOTE.—Current data for these series are shown on pages C-2 and C-3.
Jan. July July
P T
P
•
C-17
C-18
•
SURVEY OF CURRENT BUSINESS
September 1993
CYCLICAL INDICATORS
Fixed Capital Investment—Continued
tarted(ann. rate, millions)
Inventories and Inventory Investment
1965 6 6
67 68 69 70 71
7 2 7 3
74 75 7 6 7 7 7 8 7 9 8 0
NOTE.—Current data for these series are shown on page C-3.
8 1 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0
91
92 1993
September 1993
SURVEY OF CURRENT BUSINESS
•
CYCIXAL INDICATORS
Prices and Profits
1965 6 6 6 7 6 8
6 9 7 0 71 7 2 7 3
74 75 7 6 7 7 7 8 7 9 8 0
IVA Inventory valuation adjustment CCAdj Capital consumption adjustment.
NOTE.—Current data for these series are shown on pages C-3 and C-4.
8 1 8 2 8 3 8 4 8 5 8 6
87 88
90
91 9 2 1993
1. From June 1981 forward, this is a copyrighted series used by permission; it may not be
reproduced without written permission from Commodity Research Bureau, Inc.
C-19
C-20
•
September 1993
SURVEY OF CURRENT BUSINESS
CYCLICAL INDICATORS
Money, Credit, and Interest Rates
July
P
Nov.
T
July Mar.
P T
July Nov.
P
T
sudply M 1 » r a nt)1
191715131197"
53-
1-
102. Change in IT
15-
Treasu y bills
13119-
Net change in business
(ann. raje, bil. do .V
7531-
Yield on new iss les of
corporate bonds (
17151311-
f13. Net change in Consume
tf )f.\ credit
m
97-
Yield on long-ten i Treasu y
151311975-
by p ivate noi ifi
credit Markets, Q (ann. rrte,bilflM.) 11 L,l,L
1981 8 2
83 84
85 86
87 88
1. The heavy line is a centered 6-term moving average.
NOTE.—Current data for these series are shown on pages C-4 and C-5.
1981 82
83
84
85
86
87
88
90
91
92 1993
SURVEY OF CURRENT BUSINESS
September 1993
CYCLICAL INDICATORS
Alternative Composite Indexes
Jan. July July
P T
P
m
1965 6 6 6 7 6 8 6 9 7 0 7 1
7 2 7 3
74
July Mar.
P T
Short-lending index (1«7
75
7 6 7 7 7 8 7 9 8 0
CIBCR Center lor International Business Cycle Research (Columbia University).
1. See "The Composite Index ol Coincident Indicators and Alternative Coincident Indexes,' SURVEY
OF CURRENT BUSINESS 72 (June 1992): 42-45.
Nov.
T
81
8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0
NOTE.—Current data for these series are shown on page C-5.
91
92
1993
•
C-21
C-22 •
September 1993
SURVEY OF CURRENT BUSINESS
OTHER IMPORTANT ECONOMIC MEASURES
Other Measures
Prices
July
P
Nov.
T
July
P
JulyMar.
P T
Nov.
T
Percent change alnnual rate
ial saving nite
Fixed-i weighted price me ex
domes lie busin J
J2
8
CO
Conjsta ner Price Indexes for all ui ban
320c. All items
dencit.
298. Government surp lus orrdjicii
ann.rat? f bil.dol •X-
0-40-60-120-160-200-240-
II ems less food
-280-
Price ndexes--
-320-
370c. Chang i in output per hour.
10-
5-
Fn iished g< iods less foods
0-5-
Finish! dconsui n
400350300250-
333c. C apitai eg
200150-
ermedia e materi ils, supp ies,arfpom?on<nts
650-
II chandis s imports, adjustejd
tary.Q (< inn. rate
550450-
Crude m aerials f >r
further processing
350-
250-
618. Me chandis? export; , adjus
ex(ludingitilitary,C (ann.line,bl.del.)
.. i . . .
1981 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0
91
92 1993
NOTE.—Current data for these series are shown on pages C-3, C-4, and C-5.
. . . i.
.i
1981 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0
91
92 1993
150
J
September 1993
SURVEY OF CURRENT BUSINESS
OTHER IMPORTANT ECONOMIC MEASURES
International Consumer Prices
International Industrial Production
July
P
Nov.
T
JulyMar.
P T
JulyMar.
P T
i t i l l ft i 11 I i 11 i i i I 11 i I i i i I i i i i i i I i i
1981
82
8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0
NOTE.—Current data for these series are shown on page C-5.
91
92 1993
1981 82 83 84
86
87 88 89 90 91 92 1993
•
C-23
C-24 •
September 1993
SURVEY OF CURRENT BUSINESS
OTHER IMPORTANT ECONOMIC MEASURES
International Stock Prices
International Exchange Rates
July
P
Nov.
T
July Mar.
P T
July
P
Nov.
T
JulyMar.
P T
ighted-£ verage exchange value of y
Marsh 1973:100)
Index; 1967=100
n currency per
United Kingdo
753. Canada ( d o i t )
%i I t i l I I I I I I I I i I I I I i I I I I I I I I
1981 8 2 8 3 8 4 8 5 8 6
I IIIII
87 8 8 8 9 9 0
NOTE.—Current data for these series are shown on page C-5.
I I 11 M l
9 1 9 2 1993
IlI II II I III IIl
I lI I
1981 82 83 84 85 86 87 88
90
91 92 1993
S-l
SURVEY OF CURRENT BUSINESS
September 1993
CURRENT
BUSINESS
STATISTICS
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers and are subject to their copyrights.
Current and historical data for the series shown in the S-pages are available on diskettes, printouts, and the Commerce
Department's Economic Bulletin Board. Historical data, data sources, and methodological notes for each series are published
in BUSINESS STATISTICS, 1963-91. For more information, contact the Business Statistics Branch, Business Outlook Division
(BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. (Telephone: (202) 606-5367;
fax: (202) 606-5313.)
NOTE.—This section of the SURVEY is prepared by the Business Statistics Branch.
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown in
BUSINESS
STATISTICS, 1963-91
1992
Annual
1991
1992
July
Aug.
Sept
1993
Oct
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
1. GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE
[Billions of dollars]
Seasonally adjusted, at annual rates:
Total personal income
Waqe and salary disbursements, total
Commodity-producing industries, total .
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income: +
Farm
Nonfarm
Rental income of persons with capital consumption
adjustment
Personal dividend income
Personal interest income
Transfer payments to persons
Less: Personal contributions for social insurance ...
Total nonfarm income
4,850.9
5,144.9
5,128.6
5,118.4
5,172.4
5,239.1
5,238.5
5,507.3
5,225.7
5,249.1
5,289.2
- 5,365.6
-5,380.4
-5,373.6
-5,357.8
5,428.1
2,815.0
738.1
557.2
648.0
883.5
545.4
296.9
2,973.1
756.5
577.6
682.0
967.0
567.5
322.7
2,954.3
751.6
573.5
676.3
956.7
569.6
324.0
2,981.6
752.0
572.9
685.2
974.3
570.0
326.0
2,976.3
751.3
573.5
685.9
969.5
569.6
327.9
3,002.5
758.8
579.0
688.2
981.0
574.4
329.8
3,021.1
755.6
575.4
695.3
997.1
573.0
331.5
3,263.9
835.4
651.6
746.2
1,107.1
575.2
333.1
2,970.9
738.7
558.6
681.5
963.8
587.0
335.8
2,976.3
742.7
561.0
684.3
967.0
582.3
338.5
2,975.8
740.8
559.6
683.0
969.0
583.0
341.2
- 3,068.3
- 765.2
-582.1
'"704.9
- 1,013.6
- 584.5
343.9
-3,093.8
-766.7
-580.3
-713.1
-1,027.5
-586.4
346.6
-3,086.0
-763.3
-578.4
-709.2
-1,025.4
-588.1
349.3
-3,101.7
-766.4
-579.2
-713.8
-1,031.5
-590.0
352.0
3,128.8
769.7
581.6
721.0
1,046.7
591.5
354.7
36.8
339.5
43.7
370.6
35.1
370.1
31.5
370.5
43.8
373.2
58.0
380.7
38.6
382.4
46.2
387.8
36.9
388.4
48.2
388.7
82.0
388.2
-59.7
-389.7
-45.2
-392.7
-36.0
-394.8
-6.2
-395.1
28.3
399.8
-12.8
127.9
715.6
769.9
237.8
4,792.0
-8.9
140.4
694.3
858.4
249.3
5,080.1
-4.8
142.0
695.2
861.6
248.9
5,072.5
-42.7
145.2
691.9
864.5
250.3
5,065.9
-8.0
147.4
689.6
872.2
250.1
5,107.7
-1.8
149.7
692.2
879.7
251.6
5,160.2
-1.4
152.0
694.8
872.4
252.9
5,178.9
-.4
155.3
696.6
880.2
255.4
5,440.2
4.9
156.7
695.7
892.4
256.1
5,167.4
9.5
157.1
695.3
892.6
256.9
5,179.0
8.1
157.2
695.2
898.3
256.9
5,185.1
-14.3
157.5
-694.1
-901.7
-263.5
-5,283.7
-12.0
157.8
-693.1
-904.5
-265.3
-5,312.8
-11.9
158.2
-692.0
-910.2
-264.9
-5,315.0
-3.5
158.6
-693.0
-913.5
-265.9
-5,329.0
12.6
159.0
694.5
918.2
267.8
5,377.1
4,850.9
620.4
4,230.5
4,029.0
3,906.4
457.8
1,257.9
2,190.7
112.2
5,144.9
644.8
4,500.1
4,261.5
4,139.9
497.3
1,300.9
2,341.6
111.1
5,128.6
638.9
4,489.8
4,265.6
4,145.4
496.4
1,298.4
2,350.5
110.5
5,118.4
644.2
4,474.2
4,248.9
4,128.7
502.4
1,307.7
2,318.6
110.5
5,172.4
645.5
4,526.9
4,317.5
4,197.1
503.9
1,310.9
2,382.3
110.6
5,239.1
651.2
4,587.9
4,356.4
4,235.3
515.4
1,328.1
2,391.7
110.6
5,238.5
655.7
4,582.8
4,371.3
4,249.9
508.9
1,329.0
2,412.1
110.9
5,507.3
705.1
4,802.2
4,406.0
4,283.3
525.5
1,337.9
2,419.9
112.3
5,225.7
655.1
4,570.6
4,414.2
4,290.8
531.0
1,333.7
2,426.1
112.4
5,249.1
657.3
4,591.9
4,435.1
4,311.6
508.2
1,345.0
2,458.4
112.4
5,289.2
659.0
4,630.1
4,409.8
4,286.1
506.7
1,327.2
2,452.2
112.7
-5,365.6
-677.8
-4,687.8
-4,459.4
-4,355.8
-526.6
-1,342.3
-2,466.9
112.7
-5,380.4
-683.1
-4,697.3
-4,481.9
-4,358.7
532.7
-1,344.1
-2,481.8
112.2
-5,373.6
-682.0
-4,691.6
-4,509.4
-4,385.3
-535.6
-1,348.1
-2,501.6
-113.1
-5,357.8
-684.6
-4,673.1
-4,528.4
-4,403.9
-536.8
-1,349.1
-2,518.0
-113.5
5,428.1
689.5
4,738.7
4,544.2
4,419.5
537.1
1,350.0
2,532.5
113.7
DISPOSITION OF PERSONAL INCOME
[Billions of dollars, unless otherwise indicated]
Seasonally adjusted, at annual rates:
Total personal income
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Interest paid by persons
Personal transfer payments to rest of the world
(net)
Equals: personal saving
Personal saving as percentage of disposable
personal income t
Disposable personal income in constant (1987)
dollars
Personal consumption expenditures in constant
(1987) dollars
Durable goods
Nondurable goods
Services
Implicit price deflator for personal consumption
expenditures, 1987=100
10.5
10.4
9.7
9.7
9.7
10.5
10.5
10.5
11.0
11.0
11.0
-11.0
-11.0
-11.0
-11.0
11.0
201.5
238.7
224.1
225.3
209.5
231.5
211.5
396.2
156.4
156.8
220.4
-228.4
-215.4
-182.3
-144.8
194.5
4.8
5.3
5.1
4.9
4.9
4.8
6.0
5.5
5.1
3.9
4.4
-4.7
-4.4
-3.9
3.7
3,529.0
3,632.5
3,613.4
3,628.4
3,632.8
3,666.8
3,656.9
3,829.1
3,630.7
3,636.5
3,660.4
-3,694.2
-3,697.7
-3,691.2
-3,673.6
3,717.7
3,258.6
426.6
1,048.2
1,783.8
3,341.8
456.6
1,062.9
1,822.3
3,336.3
455.0
1,057.5
1,823.8
3,348.2
460.3
1,064.1
1,823.9
3,368.1
461.8
1,067.0
1,839.3
3,385.0
471.4
1,079.3
1,834.3
3,391.3
466.0
1,079.8
1,845.5
3,415.4
482.9
1,086.2
1,846.3
3,408.4
485.7
1,078.4
1,844.3
3,414.5
465.5
1,082.2
1,866.9
3,388.4
464.4
1,067.4
1,856.6
-3,416.7
-479.5
-1,079.0
-1,858.3
-3,431.2
-485.2
-1,081.7
-1,864.3
-3,450.2
-487.9
-1,088.8
-1,873.6
-3,462.0
-489.3
-1,089.4
-1,883.2
3,467.3
488.1
1,089.6
1,889.6
119.9
123.9
124.3
123.3
124.6
125.1
125.3
125.4
125.9
126.3
126.5
126.9
127.0
127.1
127.2
127.5
INDUSTRIAL PRODUCTION
[1987=100]
Not seasonally adjusted:
Total index
104.1
106.5
105.7
109.1
108.9
109.2
108.0
107.1
107.6
109.4
109.4
108.3
108.8
-112.5
-109.9
114.2
By industry groups:
Mining
Utilities
Manufacturing
Durable
Nondurable
100.4
112.2
103.7
103.8
103.5
97.6
112.0
106.9
108.1
105.4
96.1
112.6
106.0
105.6
106.4
97.1
110.9
110.1
110.3
109.8
97.2
105.6
110.3
110.5
110.2
99.0
102.0
110.9
112.3
109.1
100.4
109.6
108.6
110.9
105.7
98.8
127.7
106.0
109.2
102.0
98.4
133.4
106.1
109.1
102.4
97.3
129.2
108.8
113.0
103.6
95.4
121.2
109.6
114.2
104.0
95.7
107.8
109.6
113.5
104.8
-95.6
-101.3
-110.8
115.0
-105.5
-96.5
-108.6
-114.4
-117.9
-110.1
-94.9
-120.9
-110.3
-112.3
-107.8
96.3
120.0
115.3
118.1
112.0
Seasonally adjusted:
Total index
104.1
106.6
106.8
106.6
106.2
107.5
108.4
108.9
109.3
109.9
110.1
110.4
110.2
-110.4
-110.9
103.2
105.4
102.9
105.7
108.3
105.2
105.7
108.1
104.9
105.9
108.9
105.1
105.3
108.1
104.4
107.1
110.1
106.4
107.8
111.0
107.1
108.2
111.5
107.5
108.5
111.9
107.6
109.2
112.4
108.5
109.5
112.7
108.6
109.6
112.8
108.1
-109.3
112.5
-107.3
-109.3
-112.6
-107.3
-109.9
-112.9
-107.5
By market groups:
Products, total
Final products
Consumer goods
See footnotes at end of tables.
110.0
113.1
107.3
S-2
• September 1993
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
Annual
1991
1992
1992
July
Aug.
Sept |
1993
Oct
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
1. GENERAL BUSINESS INDICATORS-Continued
INDUSTRIAL PRODUCTION-Continued
[1987=100]
Seasonally adjusted—Continued
By market groups—Continued
Final products—Continued
Consumer goods—Continued
Durable
Automotive products
Autos and trucks
Other durable goods
95.4
90.3
85.2
99.9
102.6
99.5
97.0
Nondurable
Foods and tobacco
105.0
104.1
93.2
115.3
101.8
108.2
101.9
99.5
96.0
104.0
100.9
97.3
93.5
105.2
102.8
98.8
95.3
106.3
106.0
104.8
95.1
118.8
100.8
108.1
105.5
105.0
95.1
117.3
100.1
106.3
106.0
107.0
94.0
116.5
100.2
105.6
109.0
115.8
120.6
137.3
106.2
134.2
105.4
112.8
123.3
134.6
168.0
108.5
137.6
118.1
112.7
123.7
137.4
171.8
109.1
135.3
114.2
91.7
93.9
77.9
86.0
78.0
100.4
96.5
90.8
100.4
105.7
104.1
102.9
107.1
107.9
108.7
111.7
107.2
110.9
112.7
116.8
109.3
111.3
111.9
114.6
110.7
111.5
111.2
113.4
111.7
112.2
112.1
114.3
112.3
' 110.8
109.7
110.1
'111.8
'107.8
104.1
104.1
103.1
101.5
104.9
105.0
109.9
'107.7
'103.3
'100.3
'111.6
106.8
102.6
99.2
110.4
105.3
104.9
94.3
118.5
100.4
104.6
107.1
105.9
94.5
121.1
100.1
111.1
107.5
105.2
95.9
123.3
100.9
112.0
107.4
104.8
96.0
121.7
100.9
114.4
106.7
104.6
95.7
122.4
100.2
109.5
107.7
105.5
95.0
121.1
101.8
115.5
107.7
104.3
94.6
123.7
102.1
116.0
106.9
103.9
94.9
123.1
101.7
111.5
'106.3
'104.3
'107.1
'104.8
'94.0
'123.0
'102.8
'110.4
'107.4
'104.8
'94.0
'123.5
'101.6
'113.1
107.4
105.1
94.2
123.1
101.0
112.7
114.3
126.1
138.5
173.7
109.2
143.3
117.3
113.5
125.0
138.2
178.3
109.6
134.5
114.7
115.4
127.5
142.2
183.1
110.1
137.4
121.7
116.7
129.0
142.9
184.5
112.0
140.4
123.9
117.2
129.6
143.2
186.4
112.3
144.1
131.4
118.1
131.2
144.4
192.0
113.1
146.7
136.7
118.0
131.7
146.1
198.0
112.2
146.5
136.8
118.7
133.4
149.1
203.3
113.7
145.0
135.9
119.7
134.8
150.6
209.5
115.0
145.0
136.2
'119.9
'135.4
'153.5
'216.5
115.0
133.1
'120.2
'135.7
'155.4
'222.0
114.9
'138.0
127.2
'120.8
'136.7
'158.3
'228.5
'116.1
'133.3
'118.9
121.6
137.6
160.7
234.5
115.9
133.0
119.6
85.1
73.8
101.3
84.5
75.6
96.9
84.4
76.3
100.9
83.5
82.7
110.4
83.2
86.4
118.5
82.5
91.2
128.6
82.0
89.0
129.4
81.5
77.9
127.1
80.7
71.1
116.2
80.5
72.4
114.9
'79.5
75.1
112.1
'78.5
82.4
113.6
78.4
81.0
'118.5
77.7
87.8
118.6
97.6
93.9
100.1
98.6
94.3
101.4
97.0
94.1
99.0
96.9
93.0
99.5
97.8
94.7
99.9
98.1
95.1
100.0
98.3
94.5
100.8
98.2
94.8
100.5
99.3
97.5
100.5
99.6
96.4
101.8
100.0
96.4
102.5
'99.7
97.7
'101.0
'99.6
'96.7
'101.5
'100.6
'97.6
'102.5
100.7
97.8
102.6
105.5
105.3
107.1
104.6
107.9
109.0
111.0
103.4
108.5
109.3
111.5
104.4
107.6
108.9
110.7
102.!
107.4
107.6
111.7
103.6
108.1
109.7
110.7
103.0
109.3
111;
112.0
103.9
110.0
111.9
111.5
105.1
110.4
113.3
112.4
103.4
110.9
114.2
112.1
103.8
110.9
114.1
112.8
103.5
111.5
114.9
113.8
103.4
' 111.6
114.8
'114.1
'103.4
'112.0
'115.0
'114.8
'104.2
'112.5
115.4
112.7
116.2
114.6
104.4
100.4
156.7
109.3
96.0
89.1
107.0
94.2
97.6
161.8
105.5
98.5
156.5
108.0
93.6
85.7
111.1
97.0
165.5
103.9
91.9
97.1
159.8
103.6
97.6
168.1
103.8
98.2
158.1
107.9
98.3
167.7
108.2
96.4
162.5
108.2
92.7
92.7
84.8
109.3
84.2
108.4
95.9
163.0
101.7
90.9
81.8
107.4
95.3
158.2
102.3
94.1
84.3
108.4
93.8
97.8
171.6
103.5
92.8
84.0
108.2
91.9
93.6
Utilities
Electric
Gas
111.9
112.7
109.0
111.9
111.6
112.9
111.2
110.8
112.8
110.4
110.0
112.1
111.2
110.9
112.0
Manufacturing
Clothing
Chemical products
Paper products
Energy products
Equipment, total
Business equipment
Information processing and related
Office and computing machines .
Industrial
Transit
Autos and trucks
Defense and space equipment
Oil and gas well drilling
Manufactured homes
Intermediate products
Construction supplies
Business supplies
Materials
Durable
Nondurable
Energy
By industry groups:
Mining
Metal mining
Coal
Oil and gas extraction #
Crude oil
Natural gas
Stone and earth minerals
92.6
85.7
106.7
93.8
'94.2
'122.6
101.8
'107.4
142.5
'105.4
'114.4
'105.3
'97.3
'97.5
'97.2
'163.2
'103.7
'165.5
'101.0
'92.9
'80.7
115.0
96.3
156.3
93.6
93.6
82.0
90.4
90.5
81
108.3
95.2
82.4
106.1
93.4
92.3
'169.3
'106.4
'91.6
81.9
'110.9
94.0
'93.3
919
112.8
112.9
112.4
117.5
116.5
121.4
117.8
116.3
123.3
114.4
114.5
113.9
'112.1
'114.0
'104.9
'114.9
'115.6
'112.2
'118.7
'120.3
'112.6
118.7
120.4
112.6
93.4
92.7
94.4
85.9
104.3
92.6
83.4
106.9
93.8
112.7
112.6
113.2
114.7
114.1
117.3
116.8
116.4
118.2
'93.1
'81.2
114.0
'91.7
103.7
106.9
107.1
107.0
106.8
108.0
108.9
109.2
109.9
110.5
110.8
111.4
'111.3
'111.3
'111.5
111.9
Durable
Lumber and products
Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
Nonferrous
Fabricated metal products
Machinery and computer equipment
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments
103.9
90.5
94.0
92.6
98.5
100.7
95.5
95.0
113.8
112.8
102.0
94.8
105.4
108.2
96.4
98.9
95.9
101.2
104.8
96.2
96.8
124.9
120.0
102.7
105.0
104.3
108.2
96.6
97.5
96.8
100.6
104.7
95.0
97.0
125.7
120.7
101.4
103.1
104.9
108.5
96.6
99.2
95.7
100.5
103.8
96.1
97.0
126.9
120.6
102.4
105.0
104.3
108.1
94.7
100.1
96.5
98.0
102.0
92.4
96.5
127.9
121.5
100.5
102.6
103.7
109.8
97.8
100.4
96.8
100.
104.1
95.6
97.5
130.6
122.6
103.0
108.0
103.7
110.9
99.8
102.3
97.6
101.6
103.6
98.8
97.6
132.8
124.4
103.6
109.9
103.6
111.8
98.0
103.9
98.0
102.4
107.4
95.7
97.8
133.8
124.8
106.3
116.2
103.3
112.9
99.3
105.:
97.0
102.8
107.0
97.1
99.8
135.0
125.8
108.4
120.9
103.0
113.8
101.8
106.0
98.9
108.0
112.9
101.4
99.7
136.7
127.1
107.8
120.7
102.2
114.1
98.0
107.3
98.6
104.:
107.6
99.4
100.3
139.6
128.5
106.9
120.1
103.3
115.0
98.1
108.8
99.8
104.4
108.4
98.9
101.4
142.8
129.0
106.9
120.4
102.6
r
'114.5
'96.0
'108.9
'99.9
'102.5
'110.9
'98.4
100.2
'145.1
'129.;
103.3
'115.0
102.3
'115.2
'97.7
'109.8
'100.9
'105.6
'111.9
'97.0
'101.0
'148.3
'130.8
'101.5
' 111.6
'102.3
115.6
97.9
110.7
101.0
107.1
113.4
98.4
101.5
150.0
131.6
101.1
111.6
101.9
Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
103.5
105.3
96.7
96.9
91.8
106.2
96.8
111.3
101.6
104.5
87.9
105.4
106.0
99.6
104.7
92.6
108.2
95.0
115.0
102.0
109.7
92.5
105.7
105.9
101.5
107.0
92.7
109.1
95.7
114.6
101
110.7
105.2
106.3
115.5
103.5
106.0
106.:
96.1
106.0
92.7
108.3
94.7
116.7
103.4
111.3
96.
106.4
105.9
100.
106.9
93.1
108.6
106.4
106.9
99.3
106.2
92.5
110.4
94.0
116.:
104.7
112.7
99.0
106.6
106.7
92.4
105.4
92.1
111.1
94/
117.6
104.7
112.9
99.1
106.9
106.7
'106.9
'106.7
'92.1
'106.9
'91.2
'112.1
'94.7
118.1
103.6
113.8
98.2
'107
'107.2
'92.1
'106.9
'90.9
'114.2
'94.9
'119.1
'103.7
'112.4
96.9
'107.0
'107.1
92.0
105.8
106.8
102.4
103.
91.7
107.3
94.5
116.2
105.3
109.9
95.1
106.4
106.4
101.9
106.0
92.9
108.:
94.2
117.7
103.9
111.3
93.6
105.2
105.6
101.7
105.1
91
109.5
94.1
115.2
101.1
108.5
93.8
107.2
107.9
90.0
107.9
91.1
113.4
94.3
118.8
101.2
113.0
99.3
91.3
107.1
93.!
114.'
98.0
110.7
96.6
94/
116.8
103.2
113.6
97.1
90.2
104.2
92.0
113.1
95.6
117.8
104.3
113.6
100.1
114.9
'97.4
108.4
'99.6
'104.2
108.1
'98.9
100.6
r
144.2
129.7
105.5
118.1
'105.6
'90.3
'107.5
91.0
'113.3
'94.5
'118.7
'102.6
'113.0
'98.0
BUSINESS SALES
[Millions of dollars)
Manufacturing and trade sales (unadj.), total
Manufacturing and trade sales (seas, adj.), total....
Manufacturing, total
Durable goods industries
Nondurable goods industries
Retail trade, total
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
6,463,306 6,724,590
6,463,405 16,710,913
1
2,825,838 •2,931,946
1,430,028 1,505,806
1,395,810 1,426,140
1,865,811 ' 1,956,233
653,953 ' 703,078
1,211,858 '1 253,155
1
1,771,756 11,822,734
859,543 ' 901,722
912,213 '921,012
1
548,420
561,508
580,782
588,934
' 562,128
'557,409
563,694
567,073
246,259
125,083
121,176
241,716
124,246
117,470
246,078
125,873
120,205
245,459
126,425
119,034
' 1 62,107
'58,281
"103,826
'163.198
'58,345
' 104,853
164,211
59,17;
105,039
167,603
61,051
106,552
' 153,762
'76,033
'77,729
152,495
75,644
76,851
153,405
75,291
78,114
154,011
76,131
77,880
566,908
569,848
248,525
128,720
119,805
167,291
60,610
106,681
154,032
77,808
76,224
495.3
221.3
143.0
131.0
489.
216.3
142.9
130.
495.5
219.8
143.6
132.2
495.3
218.8
146.5
130.0
499.
222 4
146.2
130.8
609,797
520,956
541,140
581,061
581,584
584,903
256,609
134,228
122,381
252,845
130,805
122,040
256,800
134,133
122,667
169,155
61,873
107,282
169,232
62,216
107,016
169,116
60,978
108,138
155,297
78,164
77,133
159,507
80,850
78,65;
158,987
80,692
78,295
600,305
583,575
258,979
135,537
123,44:
167,390
60,723
106,667
157,206
78,923
78,283
509.7
230.2
148.0
131.5
509.
226.6
147.7
134.9
510.:
230.1
146.8
133.9
509.3
232.1
145.
132.
583,175
592,420 '618,816
565,855
587,095
587,930 '589,990
583,787
257,266
134,104
123,162
254,007
132,307
121,700
'258,299
'135,04:
'123,257
251,667
129,233
122,434
133,944
170,538
62,804
107,734
171,736
63,771
107,965
'172,596
'64,527
'108,069
173,135
65,006
108,129
173,520
65,395
108,125
159,291
80,159
79,132
162,187
81,106
81,081
"159,095
'80,45'
'78,644
158,985
81,257
77,728
506.7
226,
147.5
132.9
509.6
225.3
148.7
135.6
'513.2
'229.3
149.r
134.J
507.8
223.9
149.8
134.1
[Billions of constant 1987 dollars)
Manufacturing and trade sales in constant (1987)
dollars (seas, adj.), total
Manufacturing
Retail trade
Merchant wholesalers
See footnotes at end of tables.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
Annual
1991
September 1993
1992
1992
July
Aug.
Sept
•
Oct
Nov.
Jan.
Feb.
Mar.
Apr.
May
846,904
854,163
859,728
865,116
862,540
- 854,972
852,997
Dec.
July
June
1. GENERAL BUSINESS INDICATORS-Continued
BUSINESS INVENTORIES
[Millions of dollars]
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (unadjusted),
total
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (seas, adj.),
total
824,602
840,048
833,518
849,117 - 843,411
379,238 383,369
237,717 242,976
141,521 140,393
260,647 254,984
131,549 127,018
129,098 127,966
209,232 - 205,058
134,208 - 131,000
75,024 - 74,058
Manufacturing, total
Durable goods industries
Nondurable goods industries
386,348
249,117
137,231
Retail trade, total
Durable goods stores
Nondurable goods stores
245,885
119,828
126,057
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
201,285
128,957
72,328
836,760
837,884
841,630
861,914
867,255
846,374 849,117
381,055 379,238
239,407 237,717
141,648 141,521
256,895 260,647
128,884 131,549
128,011 129,098
208,424 209,232
133,826 134,208
74,598 75,024
844,940
844,011
844,728
385,186
243,597
141,589
384,013
242,122
141,891
383,095
240,909
142,186
254,145
127,334
126,811
254,884
126,900
127,984
255,540
127,760
127,780
205,609
132,133
73,476
205,114
132,319
72,795
206,093
132,566
73,527
786.8
369.2
233.9
183.7
784.9
367.9
234.5
182.4
784.3
367.4
233.4
183.5
840,048
851,464
855,216
859,094
861,251
864,198
'•864,227
378,898
236,606
142,292
379,733
237,535
142,198
379,539
236,849
142,690
379,080
235,120
143,960
381,591
237,734
143,857
-381,326
-237,514
-143,81;
860,356
381,41
237,793
143,621
262,427
132,861
129,566
265,718
135,599
130,119
269,052
137,803
131,249
270,311
138,784
131,527
270,417
138,097
132,320
-270,843
-138,483
-132,360
267,251
135,412
131,839
210,139
133,648
76,491
209,765
133,70!
76,060
210,503
134,457
76,046
211,860
134,953
76,907
212,190
135,607
76,583
-212,058
135,325
-76,733
211,691
134,787
76,904
789.0
364.2
240.9
183.9
792.2
364.7
243.7
183.8
793.5
364.5
244.
184.6
794.9
364.5
244.8
185.6
-795.0
-365.1
-244.9
-185.1
791.6
365.3
241.6
184.7
1.46
1.32
1.66
.97
1.47
1.47
1.75
.50
.78
.46
1.16
.4;
.19
.54
1.61
2.27
1.23
1.34
1.70
.97
r
[Billions of constant 1987 dollars]
Manufacturing and trade inventories in constant
(1987) dollars, end of period (seas, adj.), total .
Manufacturing
Retail trade
Merchant wholesalers
785.;
367.!
234.3
183.4
785.4
365.7
235.3
184.5
786.6
364.2
237.5
184.8
786.8
363.8
238.0
185.0
1.46
1.48
1.77
.51
.80
.46
1.16
.43
.19
.54
1.54
2.13
1.20
1.35
1.72
.97
1.46
1.50
1.81
.52
.81
.48
1.17
.43
.19
.55
1.55
2.14
1.21
1.32
1.65
.97
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total
1.50
1.55
1.50
1.49
1.49
Manufacturing, total
Durable goods industries
Materials and supplies
Work in process
Finished goods
1.56
1.94
.55
.88
.52
1.59
1.96
.56
.88
.52
1.56
1.92
.55
.86
.51
1.56
1.91
.54
.86
.50
1.53
1.86
.53
.83
.49
1.16
.43
.19
.54
1.21
.45
.19
.56
1.18
.44
.19
.55
1.19
.44
.19
.56
1.18
.44
.19
.56
Retail trade, total
Durable goods stores
Nondurable goods stores
1.57
-2.18
1.23
1.56
2.18
1.21
1.55
2.14
1.22
1.52
2.09
1.20
1.54
2.13
1.20
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments .
1.33
-1.72
1.35
1.75
.96
1.34
1.76
.93
1.34
1.74
.94
1.35
1.72
.95
1.59
1.66
1.64
1.40
1.61
1.71
1.64
1.41
1.58
1.67
1.63
1.38
1.58
1.68
1.59
1.41
1.57
1.64
1.61
1.41
1.54
1.58
1.61
1.41
1.55
1.61
1.61
1.37
1.55
1.58
1.64
1.37
2,934,126
1,506,632
66,623
135,945
58,106
160,490
253,445
209,422
391,292
235,716
127,289
1,427,494
395,028
33,054
226,503
242,876
262,786
256,328
249,171
249,356
122,907
6,152
11,441
4,815
13,491
19,611
16,932
30,995
19,285
10,098
134,635
6,380
11,648
4,924
14,257
23,052
19,693
33,061
19,521
11,641
132,242
6,440
11,689
4,998
14,304
20,939
18,411
35,310
23,260
10,490
128,334
5,640
11,117
4,780
13,426
21,046
18,461
34,379
21,589
10,666
131,841
4,761
10,144
4,353
13,287
24,452
19,693
35,043
18,834
11,677
116,524
31,469
2,329
5,176
119,969
32,863
1,933
6,205
128,151
35,567
4,017
6,535
124,086
34,383
2,231
6,183
120,837
33,688
3,162
5,910
117,515
32,853
3,902
5,359
131,307
301,522
154,673
103,329
10,914
24,455
13,949
8,369
11,206
25,033
13,602
8,670
11,257
26,500
13,833
8,853
11,030
24,684
13,929
8,917
10,756
24,180
13,379
8,155
10,751
24,724
12,549
7,660
246,259
241,716
246,078
245,459
248,525
256,609
226,781
114,272
4,589
10,809
4,893
12,313
19,184
15,422
30,227
20,722
9,315
112,509
30,999
2,004
5,238
10,548
24,563
11,766
8,060
252,845
252,299
109,979
5,662
10,688
4,444
12,195
18,339
15,936
24,841
13,500
9,528
125,083
5,735
11,480
4,797
13,438
21,077
17,847
31,427
18,727
10,494
124,246
5,669
11,243
4,790
13,406
21,120
17,115
31,769
19,465
10,433
125,873
5,763
11,186
4,796
13,475
21,173
17,859
31,604
19,101
10,874
117,470
32,796
1,963
5,824
10,952
25,006
12,871
8,532
120,205
33,468
3,427
5,885
10,913
25,240
12,764
8,500
128,720
5,649
11,309
4,875
13,556
21,802
17,906
34,118
21,298
10,440
119,805
33,449
2,763
5,739
10,927
25,112
12,826
8,612
134,228
5,668
11,309
4,894
14,103
22,612
18,998
36,385
23,151
10,781
121,176
32,783
2,994
5,902
11.114
25,633
13,694
8,648
126,425
5,826
11,117
4,777
13,339
21,090
18,110
32,875
20,369
10,406
119,034
33,196
2,418
5,733
10,812
24,941
12,905
8,520
122,381
33,445
3,121
5,924
11,162
26,054
12,804
8,683
Nondurable goods industries
Materials and supplies
Work in process
Finished goods
Manufacturing and trade in constant (1987) dollars,
total
Manufacturing
Retail trade
Merchant wholesalers
1.47
-1.46
1.47
1.75
.49
.81
.45
1.50
1.80
.52
.80
.48
1.48
1.76
.50
.79
.47
1.52
1.84
.53
.82
.49
1.17
.4!
.19
.55
1.18
.44
.19
.56
1.17
.43
.19
.55
1.17
.43
.19
.55
1.59
2.21
1.22
1.57
2.17
1.23
-1.57
-2.15
-1.22
1.54
2.08
1.22
1.33
1.68
.97
1.31
1.67
.94
1.33
-1.68
-.98
1.33
1.66
.99
1.56
1.57
1.68
1.39
1.57
1.61
1.66
1.39
1.56
1.6;
1.65
1.37
1.55
1.59
1.64
1.38
1.56
1.63
1.61
1.38
252,026
256,332
-278,186
131,807
4,986
11,381
5,036
13,741
22,021
18,362
36,567
24,826
9,900
134,897
5,837
11,409
5,287
14,445
23,026
18,435
36,797
25,065
10,480
148,762
6,378
12,286
5,553
15,409
26,974
20,958
39,396
25,490
11,826
120,219
32,848
2,097
5,956
121,435
34,023
2,842
5,812
10,293
25,669
12,270
9,162
10,728
25,920
13,139
8,765
256,800
269,793
144,499
5,414
12,053
5,495
14,841
27,204
19,793
38,785
25,347
11,291
125,294
34,686
3,659
5,890
11,007
27,591
12,125
9,021
258,979
257,266
254,007
r
258,299
251,667
130,805
5,450
11,425
5,022
13,878
22,582
17,614
35,264
23,049
10,503
134,133
5,775
11,633
5,183
13,920
22,832
18,431
35,987
23,719
10,638
135,537
5,587
11,680
5,251
14,122
23,819
18,756
36,264
23,760
10,646
134,104
5,432
11,418
5,061
13,933
23,036
18,660
36,218
23,936
10,283
132,307
5,726
11,181
5,158
14,102
23,275
18,832
34,261
22,325
10,565
'135,042
-5,766
-11,628
-5,245
-14,249
-23,190
-19,517
-35,443
-22,894
-10,837
'129,233
-5,707
-11,139
-5,226
-13,802
-23,451
-19,232
-30,876
-20,070
-10,630
122,040
33,664
3,015
6,043
10,870
25,676
12,735
8,680
122,667
33,610
2,849
5,924
10,775
26,086
13,313
8,770
123,442
34,006
2,946
5,750
10,844
26,415
13,331
8,705
123,162
33,473
2,760
6,165
10,285
25,713
13,655
9,159
121,700
33,440
2,584
5,866
10,903
25,683
13,021
'123,257
-34,342
-2,777
-5,844
-10,757
-26,691
-12,707
-8,626
122,434
34,460
3,240
5,884
10,812
26,041
12,379
8,214
1.48
1.77
.51
.79
.47
1.16
.42
.19
.55
1.57
2.22
1.20
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS
[Millions of dollars]
Shipments (not seas, adj.), total
Durable goods industries, total
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products ,
Petroleum and coal products ...
Rubber and plastics products ...
Shipments (seas, adj.), total
By industry group:
Durable goods industries, total #
Stone, clay, and glass products
Primary metals
,
Blast furnaces, steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment .
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
See footnotes at end of tables.
2,826,215
1,429,807
59,611
132,837
56,327
157,077
243,481
197,880
364,033
206,101
127,160
1,396,408
387,602
32,032
65,706
128,824
292,327
158,077
100,668
S-3
1993
132,542
5,261
11,700
5,204
13,773
22,063
18,137
36,668
24,832
10,228
119,757
32,882
2,124
5,733
10,765
26,052
11,980
8,860
r
230,544
r
112,735
-5,622
-10,261
-4,805
-12,521
-20,378
-17,219
-23,603
-13,993
-9,588
129,424
35,711
3,437
-6,448
117,809
33,169
2,595
5,187
11,216
-28,460
-13,306
10,669
24,821
12,634
7,885
-9,387
Aug.
o-4
•
SURVEY OF CURRENT BUSINESS
September 1993
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as
shown in BUSINESS STATISTICS, 1963-91
1992
Annual
1991
1992
July
Aug.
Sept
1993
Oct
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July |
Aug.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued
(Millions of dollars]
Shipments (seas, adj.)—Continued
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
172,495
651,631
457,419
105,633
168,819
189,473
663,826
480,196
120,625
183,875
16,058
56,394
39,676
9,625
15,367
15,838
54,411
39,565
10,061
15,326
16,108
56,622
40,209
9,854
15,692
16,203
55,211
40,312
10,395
15,525
16,387
55,974
41,365
10,802
15,678
17,112
57,142
43,566
11,829
16,068
17,288
56,668
42,373
11,755
15,785
17,260
56,689
42,538
12,142
16,584
17,291
57,617
43,981
12,019
16,376
18,448
56,172
42,935
12,013
16,668
17,476
55,941
42,981
11,470
16,399
'17,588
' 57,318
'43,926
'11,653
' 16,382
17,191
57,740
41,340
10,432
15,892
936,691
966,997
81,252
79,935
80.347
80,717
81,492
83,298
81,941
84,057
84,068
83,525
82,650
-83,926
81,747
77,774
462,030
360,638
101,392
83,063
469,611
373,470
96,141
7,065
39,186
31,138
8,048
6,943
38,328
30,675
7,653
6,997
39,379
31,339
8,040
7,046
38,751
31,124
7,627
7,216
39,523
31,905
7,618
7,337
41,109
33,296
7,813
7,224
39,409
31,817
7,592
7,303
39,793
32,037
7,756
7,260
41,264
33,512
7,752
7,574
40,857
32,997
7,860
7,211
40,091
32,703
7,388
' 7,404
' 40,984
' 33,390
' 7,594
7,441
'39,301
'31,711
'7,590
379,943
243,761
136,182
372,987
232,600
140,387
383,515
243,457
140,058
387,101
245,325
141,776
383,316
241,651
141,665
384,340
241,401
142,939
381,313
239,602
141,711
372,987
232,600
140,387
378,183
235,117
143,066
381,753
238,849
142,904
379,471
236,973
142,498
381,601
236,736
144,865
383,932 ' 379,758
239,823
236,961
144,109 ' 142,797
381,271
238,151
143,120
386,348
379,238
383,369
385,186
384,013
383,095
381,055
379,238
378,898
379,733
379,539
379,080
381,591
' 381,326
381,414
249,117
7,939
20,280
10,190
23,387
47,828
31,553
73,745
12,502
24,323
237,717
7,768
19,397
9,752
23,348
45,587
31,342
66,728
11,249
23,178
242,976
7,841
19,822
9,951
23,941
46,089
31,406
69,651
11,948
23,639
243,597
7,905
19,944
9,949
23,992
46,296
31,629
69,742
12,130
23,552
242,122
7,878
19,858
9,833
23,844
46,199
31,619
68,776
12,189
23,484
240,909
7,799
19,648
9,816
23,648
46,099
31,264
68,715
11,973
23,228
239,407
7,845
19,480
9,761
23,581
46,244
31,318
67,455
11,639
23,035
237,717
7,768
19,397
9,752
23,348
45.587
31,342
66,728
11,249
23,178
236,606
7,773
19.366
9,738
23,155
45,346
31,631
66,009
11,133
22,932
237,535
7,757
19,404
9,755
23,171
45,431
31,771
66,195
11,258
23,040
236,849
7,783
19,343
9,591
23,302
44,480
31,900
65,885
11,362
22,979
235,120
7,838
19,361
9,616
22,385
44,157
31,146
66,625
11,397
23,252
237,734 '237,514
7,724
7,687
19,206
'19,151
9,444
'9,431
23,128
'23,026
44,805
'45,103
32,621
'32,611
'65,267
65,642
'11,511
11,478
22,776
'22,750
237,793
7,697
19,276
9,571
23,109
45,004
32.995
65,254
11,359
22,584
69,987
115,107
64,023
68,165
107,140
62,412
68,875
109,482
64,619
69,371
109,507
64,719
69,399
108,406
64,317
68,442
108,730
63,737
68,267
107,472
63,668
68,165
107,140
62,412
67,707
106,446
62,453
67,825
106,574
63,136
67,863
106,068
62,918
65,486
108,789
60,845
'68,163
68,401
106,042 '106,306
63,291
'63,045
68,501
106,024
63,268
137,231
29,268
6,339
8,583
13,544
33,661
11,404
11,294
141,521
29,571
6,694
9,113
13,387
34,953
11,359
11,814
140,393
29,755
6,618
8,990
13,580
34,012
12,103
11,343
141,589
29,868
6,810
9,045
13,705
34,466
11,979
11,424
141,891
29,768
6,589
9,082
13,707
34,728
11,873
11,557
142,186
29,904
6,714
9,091
13,767
34,856
11,639
11,610
141,648
29,702
6,685
9,120
13,719
34,874
11,370
11.686
141,521
29,571
6,694
9,113
13,387
34,953
11,359
11,814
142,292
29,889
6,607
9,150
13,429
35,073
11,491
11,781
142,198
29.858
6,627
9,143
13,455
34,879
11,610
11,788
142,690
29,910
6,700
9,192
13,467
34,894
11,684
11,834
143,960
30,668
6,707
9,162
13,473
35,213
11,421
11,559
143,857 '143,812
'30,277
30,177
6,732
'6,810
9,308
'9,239
'13,504
13,513
'34,913
35,053
'11,389
11,619
12,087
'12,130
143,621
30,205
6,741
9,204
13,557
34,842
11,229
12,185
51,556
21,886
63,789
52,194
22,887
66,440
52,616
22,506
65,271
52,471
22,773
66,345
52,554
22,903
66,434
52,528
22,817
66,841
52,137
22,759
66,752
52,194
22.887
66,440
52,286
22,962
67,044
52,121
23,161
66,916
52,329
23,128
67,233
52,311
23,341
68,308
52,965
22,990
67,902
'53,055
'23,097
'67,660
52,661
23,175
67,785
26,229
57,021
91,233
6,417
22,385
28,568
58,526
87,836
5,998
22,634
28,064
58,358
88,403
6,178
22,870
28,215
58,851
89,236
6,257
22,814
28,297
58,630
89,176
6,267
22,758
28,356
58,958
88,829
6,220
22,680
28,351
58,523
88,953
6,157
22,692
28,568
58,526
87,836
5,998
22,634
28,765
58,845
87,612
5,970
22,668
28,971
58,891
88,380
6,072
22,866
29,393
59,136
87,899
6,166
23,225
29,830
59,551
87,166
6,215
22,865
29,985
59.598
88,354
6,204
23,300
'30,176
'59,557
'88,398
'6,206
"23,415
30,372
59,267
88,624
6,106
23,396
127,828
125,743
127,205
127,748
127,720
127,050
126,480
125,743
125,386
125,355
125,211
123,522
125,282 '125,168
125,614
12,671
122,679
87,281
35,398
12,677
113,418
83,199
30,219
12,998
116,716
83,922
32,794
13,022
116,844
84,770
32,074
12,929
115,441
84,554
30,887
12,921
115,151
84,279
30,872
12,829
114,306
84,284
30,022
12,677
113,418
83,199
30,219
12,733
112,715
82,998
29,717
12,761
112,911
83,514
29,397
12,965
111,376
82,611
28,765
12,717
111,932
81,773
30,159
'13,384
13,358
111,822 '111,662
'83,217
83,152
28,670
'28,445
13,484
111,820
83,722
28,098
New orders, net (unadj.), total
Durable goods industries, total
Nondurable goods industries, total
2,812,243
1,414,535
1,397,708
2,901,245
1,474,067
1,427,178
222,066
105,131
116,935
236,726
116,764
119,962
256,455
128,699
127,756
255,110
130,473
123,737
243,849
122,583
120,366
250,987
132,707
117,380
231,874
118,218
112,990
254,903
134,067
120,170
265,249
139,127
125,456
254,715
134,084
120,631
250,090 '272,580
230,319
128,752
143,151 '112,541
121,338 '129,429
117,778
New orders, net (seas, adj.), total
By industry group:
Durable goods industries, total
Primary metals
Blast furnaces, steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Aircraft, missiles, and parts
2,812,114
2,898,828
241,079
237,230
240,685
245,782
244,006
257,627
254,292
257,916
253,673
258,377
248,335 '255,462
250,677
1,415,006
130,958
55,438
64,606
155,415
239,570
195,942
360,273
131,813
1,472,997
134,807
57,781
64,965
159,255
250,275
209,798
365,895
106.243
119,846
11,441
4,696
5,831
12,531
20,836
17,860
27,586
7,330
120,007
11,355
4,663
5,660
13,177
20,584
17,234
28,445
7,423
120,608
10,419
4,638
4,841
13,849
21,248
18,120
27,015
6,705
125,656
10,818
4,654
5,116
13,640
21,038
18,501
31,891
10,401
123,096
11,188
4,869
5,233
13,524
21,516
17,959
28,290
6,153
134,348
12,224
5,775
5,359
14,262
22,415
19,118
35,003
9,863
131,266
12,629
5,927
5,583
13,845
22,690
18,712
32,636
7,000
134,533
12,405
5,957
5,417
13,982
23,197
17,886
35,552
10,137
129,903
12,015
5,625
5,385
13,761
23,475
17,881
32,225
7,006
135,209
12,307
5,909
5,342
13,902
23,521
18,044
36,427
9,988
126,783 '132,252
10,962 '11,095
5,140
'5,097
'5,071
4,852
'13,774
13,913
'22,932
23,200
18,197
'19,865
30,482
'34,903
6,294
'9,599
'128,554
'10,869
'4,891
'4,880
'13,641
'23,753
'20,462
'29,204
'6,091
1,397,108
346,037
1,051,071
1,425,831
348,452
1,077,379
121,233
29,771
91,462
117,223
28,422
88,801
120,077
28,890
91,187
119,226
29,435
89,791
120,010
29,441
90,569
122,379
29,775
92,604
122,360
29,843
92,517
122,717
29,489
93,228
123,104
29,037
94,067
123,168
28,951
94,217
121,552 '123,210
29,410
'29,268
92,142
'93,942
122,123
29,453
92,670
173,204
651,674
448,331
105,810
169,527
189,653
663,928
465,945
120,540
183,951
16,126
56,440
37,635
9,607
14,972
15,774
54,407
36,925
10,039
15,296
16,135
56,631
38,524
9,834
15,759
16,621
55,240
40,212
10,368
15,583
16,645
55,974
37,691
10,823
15,790
17,035
57,152
43,560
11,805
16,074
17,603
56,652
40.212
11,785
15,975
17,444
56,725
44,074
12,149
17,039
17,245
57,619
40,438
11,988
16,172
18,562
56,217
44,658
12,024
17,054
17,355
56,014
40,618
11,529
16,457
'17,709
'57,294
'44,534
'11,677
'16,014
17,296
57,722
40,236
10,485
15,909
938,685
962,073
80,642
79,395
79,476
80,600
81,223
84,471
83,828
84,246
82,879
83,779
81,219
'82,566
82,223
78,042
446,649
354,134
92,515
82,874
437,974
357,538
80,436
7,100
34,513
28,732
5,781
6,908
33,773
27,486
6,287
6,974
34,895
29,801
5,094
7,295
37,543
30,129
7,414
7,359
33,424
26,804
6,620
7.184
39,867
32,275
7,592
7,313
38,123
28,645
8,812
7,365
39,775
32,748
6,361
7,105
36,533
29,122
7,411
7,593
40,927
34,567
6,360
7,148
35,365
29,931
5,434
'7,386
'39,638
'33,850
'5,788
7,565
'37,353
'30,123
'7,230
Inventories, end of year or month:
Book value (non-LIFO basis), (unadjusted), total
Durable goods industries, total
Nondurable goods industries, total
Book value (non-LIFO basis), (seasonally
adjusted), total
By industry group:
Durable goods industries, total #
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
Nondurable goods industries, total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
Nondurable goods industries, total
Industries with unfilled orders $
Industries without unfilled orders t
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.
40,832
33,723
7,109
127,912
131,177
11,024
5,176
4,991
14,000
24,288
19,642
31,512
7,545
38,605
32,008
6,597
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS
1992
Annual
1991
STATISTICS, 1963-91
September 1993
1992
July
Aug.
Sept
•
S-5
1993
Oct
Nov.
Jan.
Dec.
Feb.
Mar. I
Apr.
May
1
June
July
Aug.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued
[Millions of dollars]
Unfilled orders, end of period (unadjusted), total
Durable goods industries, total
Nondurable goods industries with unfilled orders + .
Unfilled orders, end of period (seasonally adjusted)
total
.".
By industry group:
Durable goods industries, total #
Primary metals
Blast furnaces, steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Aircraft, missiles, and parts
,.,
Nondurable goods industries with unfilled
orders +
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
,
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
.,
Supplementary series:
Household durables
Capital goods industries
,
Nondefense
,
Defense
,
.....
507,767
485,390
22,377
474,886
452,825
22,061
492,276
468,858
23,418
486,126
462,715
23,411
479,795
456,779
23,016
478,577
455,010
22,667
473,255
449,259
22,196
474,886
450,125
22,061
479,979
454,071
22,542
482,583
455,596
22,955
478,039
450,224
23,117
477,527
454,419
23,108
464,950
441,732
23,218
' 459,344 459,119
436,121 ' 435,927 431,945
' 23,223 23,192
511,122
478,004
491,061
486,575
481,182
481,505
476,986
478,004
479,451
480,567
475,261
475,859
462,146
' 459,309 458,319
487,892
22,378
9,059
10,287
24,102
53,176
42,298
273,406
240,758
455,083
21,247
8,727
9,624
22,909
50,478
42,852
247,967
219,162
468,160
21,40'
8,260
10,280
463,921
21,519
8,133
10,503
458,656
20,752
7,975
9,966
452,477
22,710
10,108
9,704
22,481
51,013
42,288
253,461
224,222
452,844
22,451
9,632
9,865
22,876
50,586
43,950
242,639
216,232
447,610
23,558
10,780
9,929
22,107
50,938
42,027
258,050
227,573
452,383
21,247
8,727
9,624
22,909
50,478
42,852
245,267
219,162
453,244
23,223
10,406
9,902
22,336
51,474
41,908
261,374
230,138
457,887 452.263
20,453 20,332
7,852
7,846
9,770
9,620
22,782 22,750
50,961
50,675
42,679 42,732
252,477 246,649
224,389 220,015
22,938
50,951
43,405
242,204
216,684
22,577
50,607
42,530
238,165
213,688
23,528
51,481
43,458
242,163
210,719
439,161
23,159
10,660
9,630
22,113
50,620
42,161
231,004
202,833
'436,371 ' 435,692 432,925
' 22,626 ' 22,356 22,034
9,972
'10,512 '10,177
9,217
' 9,325 '9,190
' 21,638 '21.477 21,491
' 50,362 '50,664 51,166
-42,509 '43,739 43,766
' 230,464 '228,792 226,337
' 202,282 '199,912 197,553
23,230
22,921
22,901
22,654
22,526
22,718
22,921
22,921
23,241
23,291
22,953
23,382
22,985
9,801
1,298
215,109
1,707
14,478
9,983
1,398
200,857
1,624
14,552
9,420
1,354
208,963
1,695
14,340
9,357
1,673
14,310
9,383
1,359
204,637
1,653
14,376
9.801
1,388
204,537
1,626
14,434
10,060
1,388
200,863
1,648
14,546
9,983
1,398
200,857
1,624
14,552
10,298
1,382
198,696
1,653
14,742
10,482
1,418
200,232
1,661
15,196
10,436
1,420
196,690
1,629
14,992
10,701
1,365
200,173
1,664
14,741
10,265 ' 10,385 10,490
1,479 ' 1,456 1,438
187,714 ' 188.322 187,218
1,672 r '1,695
1,748
15,029
14,661
14,678
126,731
121,806
122,431
121,889
121,022
120,905
120,634
121,806
123,694
123,882
122,695
120,737
121,104 •"119,745
5,532
380,647
236,215
144,432
5,343
349,010
220,283
128,727
5,162
363,898
229,427
134,471
5,127
359,343
226,238
133,105
5,104
354,859
224,700
130,159
5.353
353,651
223,705
129,946
5,496
347,552
218,604
128,948
5,343
346,310
217,583
128,727
5,432
344,358
214,411
129,947
5,494
343,674
215,122
128,552
5,339
338,943
210,732
128,211
5,627
345,662
218,515
127,147
5,329 '•5,311
5,435
331,779 -•330,433 '328,485
206,178 "206,638 '205,050
125,601 "123,795 '123,435
628,567
667,341
57,056
56,942
49,913
51,245
54,749
59,179
52,987
52,492
55,392
60,214
61,695
60,131
55,625
57,124
59,691
68,536
60,813
7,959
2,249
1,004
564
1,545
549
7,123
1,931
858
550
1,455
481
3,982.9
1,126.3
111.4
238.9
246.6
138.7
7,654
2,122
901
588
1 487
574
6,174.9!
792.5
137.9,
1,304.5
1,860.51
538.8|
7,062
2,067
7,863.0
861.9
138.7
404.4
6,850
1,915
799
523
1,300
435
8,136.3
649.7
128.8
1,253.7
920.1
73.1
8,422
2,218
1,064
666
1,495
587
4,343.0
852.4
807.6
701.7
205.2
561.3
1,350
206,323
'22,938
22,627
120,222
326,258
203,335
122,923
BUSINESS INCORPORATIONS
[Number]
New incorporations (50 States and DC):
Unadjusted
Seasonally adjusted
INDUSTRIAL AND COMMERCIAL FAILURES
[For failures, number; for liabilities, millions of dollars]
Failures, total
Commercial service
Construction
,
Manufacturing and mining
Retail trade
,
Wholesale trade
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade
,
Wholesale trade
,.,
,
,
,
,
88,140
22,852
11,963
7,006
17,242
6,170
96,750
26,795
12,379
7,441
18,989
6,709
8,580
2,406
1,091
629
1,628
586
7,923
2,317
7,522
2,114
973
611
1,573
551
943
572
1,432
525
96,825.3
13,967.0
5,156.2
8,754.4
6,972.2
4,370.4
93,755.6
11,989.1
5,018.0
9,697.6
11,771.9
8,437.3
3,575.0
997.2
320.3
325.4
345.8
231.7
9,031.7
732.1
159.1
1,901.0
1,394.6
1,740.0
3,215.7
744.6
138.0
169.3
346.3
206.6
3,219.0
311.8
870
513
1,301
492
2,406.7
825.4
158.4
175.9
202.5
296.2
7,827
2,214
978
592
1,343
529
2,973.4
624.1
141.7
538.5
193.8
235.0
7,530
2,142
907
553
1,358
475
6,634.4
1,079.9
129.2
255.2
1,692.2
95.9
7,131
2,093
860
514
1,253
527
2,675 4
583 2
1121
280 8
136 3
5216
Failure annual rate, number per 10,000 concerns .
2. COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
[1910-14*100]
665
637
629
633
633
629
623
627
634
640
647
669
660
639
'639
651
Crops #
Commercai vegetables
Cottor
Feed grains a^d nay
Food grains
Fruit
Tobacco
558
675
553
371
316
969
1,559
525
773
450
365
382
670
1,501
505
693
475
368
355
542
1,361
504
778
454
348
339
581
1,439
507
803
448
345
357
573
1,587
504
865
453
331
359
566
1,582
499
716
443
328
366
613
1,591
509
835
459
327
368
599
1,587
508
823
445
337
374
540
1,565
509
882
447
335
368
503
1,622
502
767
469
347
363
438
1,622
543
1,200
459
358
357
491
1,369
520
907
449
356
341
525
1,369
486
611
447
347
311
541
1,369
510
'697
M57
'358
'314
'526
'1,374
526
702
432
357
330
720
1,392
Livestock and products #
Dairy prodjtfs
Meat ar mals
Poultry and eggs
776
749
1,047
283
754
801
993
266
758
820
998
259
768
826
1,007
271
766
826
996
283
760
820
995
269
752
801
975
289
751
783
984
282
766
764
1,022
279
778
752
1,053
275
799
746
1,083
297
802
771
1,079
298
807
795
1,081
296
799
801
1,063
295
'774
'783
'1,029
283
781
771
1,038
296
1,004
1,006
1,012
1,011
1,019
1,038
1,033
1,298
1,317
1,324
1,323
1,337
1,357
1,356
51
48
48
48
48
48
47
47
47
49
47
Prices received all farm products
Prices paid:
Production items
All commodities and services, interest, taxes, and
wage rates (parity index)
Parity ratio t
. . .
CONSUMER PRICES
[1982-84*100]
Not seasonally adjusted:
All items, wage earners and ciericai workers (CPiW)
.
,„
All items, ail urban consumers (CPI-U)
Special group indexes:
All items less shelter
All items less food
,
All items less medical care
See footnotes at end of tables.
134.3
138.2
138.4
138.8
139.1
139.6
139.8
139.8
140.3
140.7
141,1
141.6
141.9
142.0
142.1
142.4
136.2
140.3
140.5
140.9
141.3
141.8
142.0
141.9
142,6
143.1
143.6
144.0
144.2
144.4
144.4
144.8
133.5
136.1
133.8
137.3
140.8
137.5
137.3
141.1
137.6
137.7
141.4
138.0
138.4
141.8
138.4
138.9
142.4
138.8
139.2
142.7
139.0
139.1
142.5
138.9
139.5
143.1
139.5
140.0
143.7
140.0
140.5
144.2
140.4
140.9
144.6
140.8
141.3
144.8
141.0
141.2
145.1
141.1
141.1
145.2
141.1
141.5
145.6
141.6
o-6
•
SURVEY OF CURRENT BUSINESS
September 1993
Unless otherwise stated in footnotes below, data
through 1991 and methodological notes are as shown
in BUSINESS STATISTICS, 1963-91
Annual
1991 |
1993
1992
1992
July |
Aug.
Sept
Oct
>v. [ Dee.
Feb.
Mar.
AP,|
May
June
July |
Aug.
2. COMMODITY PRICES—Contmuecl
CONSUMER PRICES-Continued
[1982-84*100, unless otherwise indicated]
Not seasonally adjusted—Continued
All items (CPI-U)-Continued
Commodities
Nondurables
Nondurables less food
Durables
Commodities less food
Services
Food #
Food at home .
Housi
)using
Shelter #
Rent, residential
Homeowners' cost, Dec. 1982*100 .
Fuel and other utilities #
Fuel oil and other household fuel
commodities
Gas (piped) and electricity
Household furnishings and operation ...
Apparel and upkeep
Transportation
Private
New cars
Used cars
Public
Medical care
Seasonally adjusted
All items, percent change from previous month or
126.6
130.3
124.5
116.0
121.3
146.3
129.1
132.8
127.6
118.6
124.2
152.0
136.3
135.8
130.9
134.2
128.2
121.1
125.5
158.4
131.1
134.5
128.4
121.3
125.7
159.0
141.1
140.7
140.5
154.9
149.9
159.4
120.5
131.4
135.0
129.5
121.0
126.3
157.8
140.4
139.3
141.5
155.7
150.3
160.1
122.9
140.3
139.1
141.9
156.3
150.4
160.3
123.2
140.8
139.7
92.6
115.3
119.2
91.3
117.3
119.1
90.4
122.0
119.1
136.2
129.0
126.3
130.9
126.6
163.5
198.6
136.9
129.4
126.8
131.1
128.7
162.8
199.4
135.0
130.2
127.5
131.3
131.5
165.5
200.5
131.9
130.3
127.6
131.0
134.3
164.5
201.1
89.1
122.2
118.8
129.4
130.3
127.4
130.9
136.1
167.7
202.2
.1
131.4
126.8
140.1
139.0
134.3
.4
131.8
127.0
140.6
139.6
.1
131.7
126.6
141.2
140.5
133.6
0
131.3
126.3
140.6
139.3
.1
131.3
126.3
140.6
139.3
132.9
129.9
127.3
131.2
132.9
130.2
127.4
131.6
130.3
127.5
132.1
157.8
158.1
158.7
129.3
133.0
127.9
118.5
124.3
153.0
129.9
133.8
129.1
118.5
125.1
153.2
130.3
134.2
129.8
1192
125.7
153.7
130.5
134.2
129.8
120.0
126.1
154.0
130.1
133.6
128.5
120.1
125.3
154.2
130.4
133.9
128.1
120.0
125.1
155.2
130.9
134.7
129.4
120.0
125.8
155.8
131.4
135.3
130.3
120.2
126.4
156.2
131.9
135.8
130.9
120.6
127.0
156.5
132.0
135.9
130.6
120.8
126.9
156.9
137.9
136.8
129.0
132.5
127.8
118.6
124.3
152.5
137.2
135.7
138.0
136.9
138.5
137.4
138.3
137.2
138.3
137.0
138.7
137.5
133.6
146.3
143.3
150.2
115.3
137.5
151.2
146.9
155.3
117.8
138.3
151.8
147.0
155.5
119.4
138.6
152.3
147.0
155.8
119.4
138.4
151.9
147.2
156.0
119.8
138.5
152.5
148.0
156.8
118.5
138.5
152.4
148.6
157.2
118.3
138.5
152.5
148.6
157.5
118.7
139.8
139.1
139.3
153.7
148.9
158.2
119.2
139.9
139.1
139.7
154.4
149.1
158.5
118.4
140.1
139.4
140.2
154.8
149.1
158.7
119.5
140.6
140.0
140.4
155.0
149.7
159.2
119.6
94.6
112.6
116.0
128.7
123.8
121.9
125.3
118.1
148.9
177.0
90.7
114.8
118.0
90.0
117.6
118.4
89.7
117.5
118.3
89.7
118.5
118.3
91.4
115.4
118.4
92.1
114.8
118.5
91.8
115.6
118.2
129.2
127.2
125.5
127.8
124.8
148.3
190.7
130.2
126.9
125.4
127.6
126.4
146.7
191.5
133.3
126.8
125.4
127.4
127.7
145.6
192.3
135.0
128.0
126.1
128.2
129.1
152.9
193.3
134.5
129.2
127.0
129.7
129.9
157.4
194.3
131.4
129.0
126.7
130.5
129.0
158.2
194.7
92.5
113.8
118.6
133.4
129.2
126.5
130.9
126.0
164.1
198.0
92.8
115.1
118.7
131.9
126.5
124.6
128.4
123.2
151.4
190.1
92.3
115.9
118.2
129.7
129.1
126.6
130.9
127.4
161.6
196.4
U.2
'3.0
.3
129.4
125.0
137.5
135.8
.2
129.6
124.9
138.3
137.0
.1
129.7
124.9
138.7
137.5
.4
130.0
125.3
138.7
137.5
132.4
.2
130.1
125.4
138.8
137.5
.1
130.2
125.3
139.2
138.1
131.9
.5
130.8
126.0
139.7
138.6
.3
131.3
126.7
139.9
138.9
128.5
126.3
129.5
133.0
129.3
126.9
129.8
135.0
129.9
127.4
129.8
154.7
155.3
Commodities
Commodities less food .
Food
Food at home
Apparel and upkeep
Transportation
Private
New cars
Services
132.7
132.4
127.1
125.6
128.5
126.9
125.5
128.9
131.9
126.9
125.6
129.2
152.2
152.6
152.9
127.8
126.0
129.2
153.7
118.0
118.1
117.8
102.4
101.9
101.8
132.3
128.4
126.2
129.4
154.2
155.8
130.0
127.6
130.1
156.2
134.3
130.2
127.8
130.7
156.9
130.1
127.5
131.0
157.4
142.3
156.8
150.8
160.8
123.3
87.8
122.2
119.2
131.9
130.2
127.3
130.8
137.5
168.1
202.9
.3
131.5
126.3
141.0
139.8
134.1
PRODUCER PRICES f
[1982*100 unless otherwise indicated]
Not seasonally adjusted:
All commodities
By stage of processing:
Crude materials for further processing ..
Intermediate materials, supplies, and
components
Finished goods #
Finished consumer goods
Capital equipment
By durability of product:
Durable goods
Nondurable goods
Total manufactures
Durable manufactures
Nondurable manufactures
Farm products, processed foods and feeds .
Farm products
Foods and feeds, processed
Industrial commodities
Chemicals and allied products
Fuels and related prod., and power
Furniture and household durables
Hides, skins, and leather products
Lumber and wood products
Machinery and equipment
Metals and metal products
Nonmetallic mineral products
Pulp, paper, and allied products
Rubber and plastics products
Textile products and apparel
Transportation equipment #
Motor vehicles and equipment
118.0
118.4
118.7
"119.3
119.7
119.6
119.3
118.8
100.9
101.4
101.4
102.6
" 103.9
106.3
104.5
102.7
101.6
115.0
124.0
122.4
130.2
114.8
123.8
122.2
130.2
115.2
124.2
122.5
130.8
115.6
124.5
122.8
131.1
116.0
124.7
123.1
131.2
" 116.3
" 125.5
" 124,0
" 131.2
116.2
125.7
124.4
131.1
116.7
125.6
124.2
131.2
116.6
125.3
123.8
131.2
116.6
124.3
122.5
131.2
125.0
113.1
120.9
125.0
116.8
124.8
112.6
120.8
124.9
116.6
125.1
112.2
120.5
125.1
116.0
116.2
103.7
122.4
126.5
113.1
121.9
126.4
117.4
117.5
106.4
122.9
119.0
"119.1
"109.7
"123.7
"119.4
126.5
114.6
122.5
126.6
118.3
119.7
110.8
124.1
119.6
128.1
79.2
122.9
142.5
169.3
123.9
119.2
118.6
147.1
115.7
117.9
133.1
127.8
127.8
79.7
123.0
142.9
176.9
123.9
119.0
118.9
147.3
115.6
117.9
133.3
127.8
"128.6
"80.3
123.2
"143.6
"181.2
"124.0
"118.7
"119.6
"147.7
"116.0
118.1
"133.4
"127.7
128.1
82.0
123.3
144.5
179.7
123.9
118.2
119.5
147.6
115.6
118.0
133.2
127.4
126.6
114.4
122.2
126.6
117.7
117.5
104.4
124.0
120.0
128.5
83.4
123.4
143.9
174.1
123.9
118.8
119.8
147.4
115.9
118.0
133.4
127.8
126.8
113.8
122.0
126.6
117.3
118.1
105.6
124.3
119.5
128.3
81.4
123.6
143.4
171.1
124.0
119.5
120.0
147.3
116.0
118.2
133.4
127.9
126.8
113.1
121.5
126.7
116.2
115.0
101.8
121.6
118.3
127.5
82.1
122.6
140.6
149.5
123.4
118.2
117.'
145.9
115.8
118.0
132.2
127.1
126.2
112.6
121.5
126.1
116.9
116.6
104.4
122.7
118.7
" 126.7
"114.0
-122.4
"126.7
118.1
115.4
102.7
121.8
118.6
127.1
83,
122.3
141.0
148.7
123.3
118.8
117.4
146.1
115.7
118.1
132.3
127:
125.7
112.5
121.1
125.6
116.5
116.6
104.3
122.7
118.3
127.6
79.4
122.6
143.6
160.2
123.9
118.9
118.4
147.0
115.7
118.0
132.7
127.1
116.5
117.2
117.9
101.2
100.4
101.7
114.4
121.7
120.!
126.7
114.7
123.2
121.7
129.1
115.!
123.7
122.4
128.8
115.!
123.6
122.2
128.9
115.8
123.3
122.2
128.1
115.4
124.4
122.9
130.2
122.9
111.7
119.0
122.7
115.2
124.3
113.1
120.!
124.2
116.7
124.4
112.7
120.4
124.3
116.4
116.4
105.7
121.9
116.5
124.4
111.9
120.1
124.3
115.8
115.9
103.6
122.1
117.4
115.8
102.5
122.4
115.4
102.2
122.1
125.6
81.2
121.2
138.9
132.0
123.0
120.3
117.2
143.0
115.
116.3
126.4
122.1
125.9
80.4
122.2
140.4
146.6
123.3
119.2
117.3
145.2
115.1
117.8
130.4
124.9
118.3
126.4
83.3
122.
140.1
145.3
123.1
120.0
117.1
145.2
115.2
117.8
130.2
124.4
118.1
126.7
82.8
122.
140.8
145.4
123.
120.
117.4
145.4
115.3
117.8
130.0
123.9
124.1
113.5
120.4
124.0
116.8
115.3
101.6
122.1
118.5
Seasonally adjusted:
Finished goods, per
@FedFRASER